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59 Mins Ago
CNBC Pro: Worried about a slowdown? One asset management firm shares a way to hedge — and names 10 global stocks
High-yielding stocks have been doing well despite rising interest rates, according to AllianceBernstein.
The asset management firm said it’s “premature” to call a peak in rates or bond yields, adding that it expects rates to stay “high and stable” in the short term, and noted that European high equity yield has done well in “similar scenarios.”
Subscribers can read more here.
— Amala Balakrishner
An Hour Ago
Europe stocks to open slightly higher
European markets are seen opening cautiously higher, according to IG data.
The FTSE 100 was last seen opening 12.5 points higher at 7,369, with Germany’s DAX and France’s CAC 40 flat. Italy’s MIB was seen up 25 points at 27,476.
— Jenni Reid
2 Hours Ago
CNBC Pro: ‘An iPhone moment’: Bernstein names global stocks to play the ‘rapid growth’ in battery tech
The energy transition will require more and better batteries, according to Bernstein.
“To enable the energy transition, we will need batteries with higher energy density, faster charging times, and enhanced safety,” analysts wrote in an October report.
Lithium-ion battery technology has remained “essentially unchanged” in the past 30 years — and there’s a limit to how much more that tech can improve — but that’s about to change, the firm said.
Subscribers can read more here.
— Weizhen Tan
9 Hours Ago
The major averages are on pace for three straight losing months
Stocks are limping through the fall, and all three of the major averages are poised to post their third consecutive month of declines.
In October, the S&P 500 is down 3.52%. The Nasdaq Composite is off 4.72%, and the Dow Jones Industrial Average is down 2.16%.
If the month ends with losses for the indexes, it’ll be the first time the Dow and the S&P 500 have had three straight months of declines since March 2020.
The last time the Nasdaq fell for three consecutive months was back in June 2022.
–Darla Mercado, Chris Hayes
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