Look at these stocks to lead a comeback rally if inflation has peaked

Stocks soared Wednesday after a better-than-expected slowdown in the pace of rising consumer prices. The consumer price index, which measures the price of a basket of goods and services, rose 8.5% in July from a year ago, as compared with estimates of an 8.7% increase. Investors cheered the news, which led many to wonder if … Read more

PayPal, Airbnb, Match Group, Caesars and more

A sign is posted outside the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images Check out the companies making headlines in extended trading. Match Group — Shares of the dating app operator tumbled as much as 23% after the company reported revenue of $795 million for the second quarter, compared with FactSet … Read more

These stocks have led the rally and Wall Street sees them higher still

The market had a tough run during the first half of 2022 as stocks hit sell-off mode in the face of rising inflation and higher interest rates. But stocks have rallied in recent weeks from their June 16 lows, with all the major averages on Friday finishing out their best month since 2020. In July, … Read more

These stocks’ momentum could go on in second half, Credit Suisse says

Credit Suisse believes the July stock market rally will continue, and has a list of names that could continue to ride the momentum from here. Stocks capped a strong month on Friday, rallying sharply off their June lows, as traders bet that markets have already priced in the most likely recession expectations and shifted into … Read more

Netflix, Chevron, Apple, Alibaba, Amazon

Here are Wednesday’s biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said in a note previewing Apple earnings later this month that it’s a “high quality name to buy on pullbacks.” “We expect June Q results slightly below Street and toward the lower end of guidance, with Mac & Services … Read more

Amazon, Apple, Tesla, Netflix, Twitter

Here are Wednesday’s biggest calls on Wall Street: KeyBanc initiates Lyft and Uber as equal weight KeyBanc said he ridesharing companies need to prove that profitability is sustainable. “For Uber profitable growth is necessary to prove out. Investors already view Uber as a LT outperformer due to its scale. …. For Lyft, profitability and execution … Read more

Casino industry urges federal prosecutors to crack down on illegal operators

American casinos, gaming companies and lawmakers are calling on federal prosecutors to crack down on illegal offshore gambling sites that they say are evading consumer protection regulations. The push comes as sports gambling has quickly expanded in the US in recent years, with more than 30 states and Washington, DC, allowing it. “What maybe at … Read more

Kohl’s, Micron, Apple and more

Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s tumbled 17.9% in premarket trading after the retailer confirmed an earlier CNBC report that it ended talks to be bought by Vitamin Shoppe parent Franchise Group (FRG). Kohl’s said the deteriorating retail and financial environment presented significant obstacles to concluding a deal. … Read more

Buy Penn National Gaming as it benefits from pent-up demand for experiences, Barclays says

Penn National Gaming will benefit from pent-up demand for experiences even as consumer spending slows, Barclays says. “We view PENN as a well-operated, diversified US regional casino company, with a digital sports and gaming business that is closer to profitability than any of the other major operators, and a robust omni-channel strategy that should eventually … Read more

How pros are playing the market bounce

Market Movers rounds up the best trades from investors and analysts on CNBC throughout the day. As the market rebounded Monday from its worst week in two years, pros said they are betting on Big Tech coming back. Even so, many also said they are keeping plenty of energy names in their portfolios. Some of … Read more