An hour ago
Finding Opportunities in Bank Stocks
The sell-off in bank shares is creating some opportunities for investors looking to buy shares, according to investor Bonawyn Eison.
Despite the pullback in bank stocks on Monday, the CNBC contributor called fifth third and KeyBank, owned by keycorpsome of his best picks and names that he considers “operationally intact.”
“The fifth third is kind of super regional,” he told CNBC’s “Fast Money” on Monday. “None of them have the risk of contagion; I mean, this is overkill, but I don’t think from an operational standpoint, I have that risk.”
—Samantha Subin
An hour ago
Gitlab shares drop after softer-than-expected guidance
gitlab shares plunged 31% after open source software company issued a softer outlook than expected. It posted revenue guidance for fiscal 2024 of $529 million to $533 million in 2023, below expectations of $586.4 million, according to Refinitiv.
Otherwise, the firm reported an improvement in fourth-quarter results, according to Refinitiv.
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Gitlab shares 1 day
An hour ago
Bitcoin Has ‘A Little More’ Room to Run, Says This Technical Analyst
Even with its roughly 15% recovery on Monday, Bitcoin has more room to run, according to the Carter Worth of Worth Charting.
“There is a bit more head start,” the technical analyst told CNBC “Fast Money” on Monday, noting that he sees Bitcoin going at or slightly above the $28,000 level.
“The downtrend line is clear, you can see it there, we moved above it, revisited it and bounced, so a little bit more, but not much more,” he said.
Bitcoin broke above the $24,000 level on Monday, last trading 14.7% higher at $24,191.75.
—Samantha Subin
An hour ago
February CPI data on deck for Tuesday
Investors will be closely watching the February Consumer Price Index due to be released on Tuesday. Economists polled by Dow Jones expect a 0.4% rise last month. That’s down from the 0.5% rise in the previous month.
—Sarah Min
An hour ago
First Republic Bank shares rally after hours
Bank of the First Republic The shares rose about 17% in extended trading on Monday, after closing down 61.8% amid broader concerns of contagion in bank stocks following the collapse of Silicon Valley Bank.
Other bank stocks also recovered. He SPDR S&P Regional Banking ETF rose 1.1% in extended trading. keycorp shares added 5.8%.
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First Republic Bank Overnight Stock
An hour ago
Stock futures open higher
US stock futures rose Monday night after the Dow Jones industrial average posted a fifth day of losses. Traders were also awaiting a key inflation report to be released on Tuesday.
Dow Jones Industrial Average futures rose 78 points, or 0.24%. S&P 500 and Nasdaq 100 futures rose 0.2% and 0.15%, respectively.
—Sarah Min