CNBC's top 10 things to watch for Tuesday, December 17th, covering chip stocks, retail sales, Federal Reserve interest rates, and more.
My top 10 things to watch Tuesday, Dec. 17 1. Club chip stocks Broadcom and Nvidia were going in opposite directions. Broadcom's rally continued Tuesday but not like Monday's 11% gain on top of Friday's post-earnings surge of 24%. Nvidia moved further into correction territory. 2. Wolf Research sees an Advanced Micro Devices miss on revenues. This is not good, and it is worrisome for this Club name.
Join the CNBC Investing Club and watch our Monthly Meeting live at noon ET on Thursday for a rundown on all 33 stocks in our portfolio. 3. The Dow was looking at a down open Tuesday after the 30-stock average dropped for eight straight sessions. The S & P 500 and Nasdaq were also pacing for a lower start. Both rose Monday, with the S & P 500 less than 1% from its record high and the Nasdaq posting an all-time high close. 4. The increase in headline November retail sales was greater than expected. Ex-autos were a little soft. After this week's two-day meeting, the Federal Reserve is expected to cut interest rates again Wednesday afternoon. On Friday, a couple of days after the rate decision, we'll get the Fed's favorite inflation gauge, the PCE price index. 5. Liquor woes are still not behind Brown-Forman as Morgan Stanley downgraded the stock to sell from hold. Truist went to hold from buy. It's not out of the woods due to Trump tariff uncertainty. The same could be said about Club name Constellation Brands , whose popular beers, Modelo and Corona, are imported from Mexico. 6. Darden Restaurants got an odd price target boost at Morgan Stanley to $193 per share from $188 ahead of Thursday's earnings. There was no real catalyst behind the move, and the analysts think the numbers are too high at the company behind Olive Garden, LongHorn Steakhouse, and Ruth's Chris. Go figure. 7. Lennar is set to deliver quarterly results after Wednesday's closing bell. Ahead of the report, Wells Fargo cut its price target on the homebuilder to $165 per share from $18
STOCKMARKET FEDERAL RESERVE RETAIL CHIP STOCKS HOMEBUILDERS
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jim Cramer's top 10 things to watch in the stock market TuesdayU.S. stock futures fell as tensions escalated in the Russia-Ukraine war.
Read more »
Jim Cramer's top 10 things to watch in the stock market TuesdayShares of Lilly get a lift, while Amgen tumbles on weight-loss data.
Read more »
Jim Cramer's top 10 things to watch in the stock market TuesdayThe drop in Oracle was keeping a lid on the stock market.
Read more »
Morgan Wallen Accepts Top Male Artist, Top Country Artist, Top Country Male Artist & Top CollaborationMorgan Wallen accepts Top Male Artist, Top Country Artist, Top Country Male Artist and Top Collaboration at the 2024 Billboard Music Awards.
Read more »
Jim Cramer's top 10 things to watch in the stock market MondayTesla jumps on a report about looser self-driving regulation, while Nvidia shares are lower on a report about Blackwell servers.
Read more »
Jim Cramer's top 10 things to watch in the stock market WednesdayTarget is the disaster du jour. Club name TJX also reported earnings.
Read more »