Jared Blikre

    Got charts? Jared Blikre produces all of finance all the time. In his spare time, he writes and talks about trading, markets and the Fed.

  • 3 reasons a 'boring' December could get interesting for stocks

    This past November looked like a typical December — low volatility and a lot of gains. This December, however, with a few big economic moments, might be a little different this year.

  • Fed rate cut talk is premature: Money manager

    Investors are increasingly hoping the Federal Reserve will start cutting rates in the first part of next year. But that talk is premature, says Jeremy Bryan, Senior Portfolio Manager at Gradient Investments. Bryan he doesn't think the Fed will cut "unless they see writing on the wall that we're slowing aggressively and falling into a recessionary camp." Bryan argues he doesn't want as many cuts as some on Wall Street are expecting because "that means economic trends are pretty bad." Watch the video above to find out why Bryan thinks "there's a pretty good backdrop for the overall stock market." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Starbucks, 23andMe, JetBlue and Spirit: Trending tickers

    Starbucks (SBUX) shares are falling for the twelfth straight day. This time, it comes after the company's CEO Laxman Narasimhan said China's recovery is happening at slower than expected rate. 23andMe (ME) shares closed lower after the company revealed that during a data breach breach first discovered in October, hackers had access to about 6.9 million users. Shares of both JetBlue (JBLU) and Spirit (SAVE) closed lower after closing arguments ended in the Justice Department's bid to prevent the merger from being completed. The DOJ argues the merger would harm competition, while the airlines argue they need to merge to compete with bigger airlines. The case is now up to a Boston federal court judge to decide. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Fed must manage risks for inflation and economy: Strategist

    As Wall Street attempts to predict the Fed’s 2024 monetary policy moves, Harris Associates Co-Head of Fixed Income Adam Abbas joins Yahoo Finance Live to analyze the central bank’s outlook and the key macro forces causing uncertainty. Abbas believes the Fed is weighing risks not just to inflation, but also broader economic risks in charting its 2023 course. He notes Tuesday morning's JOLTS data did flag some slowing, proving threats remain even after recent progress on inflation. Given lingering risks, Abbas believes market expectations for cuts seem “too aggressive.” "I think if you show up late to a party, you generally want to stay a little later to the party to help clean up and make sure the messes are cleaned up," Abbas tells Yahoo Finance. "I think [Fed Chair Jerome] Powell is going to look at this the same way." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Verizon debuts 'My Plan' bundle with Netflix and Max

    Verizon (VZ) unveiled a new streaming bundle called "My Plan" that packages Netflix (NFLX) and Max (WBD) starting at $10 per month. The telecom and media giant is the latest to embrace streaming partnerships as wireless carriers and streaming platforms offer new discounted services. Yahoo Finance Entertainment Reporter Alexandra Canal breaks down the details, examining the potential revenue implications of these discounted deals. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • GTA 6 trailer is breaking records: What it means for Take-Two

    Take-Two Interactive's (TTWO) Rockstar Games released the first trailer for Grand Theft Auto VI early after it was leaked. Now, it's already set to break records on YouTube. Oppenheimer Senior Analyst of Emerging Technologies and Services Martin Yang joins Yahoo Finance Live to take a closer look at what the response to the trailer could indicate for the stock. Hang notes that there is no direct point of reference to suggest potential sales, but there are “indirect signals” such as likes, which have far exceeded past trailers. However, the game will not be released until 2025. Is it too soon to buy Take-Two now? Yang says no, "we're happy to hold a stock and buy the stock now,” noting that this is just the first trailer. As there is more promotion for the game and details released about gameplay, investors will be able to get a better idea of how the game will deliver long-term results for Take-Two Interactive. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Meta, IBM launch AI Alliance to foster Big Tech dialogues

    IBM (IBM) and Meta Platforms (META) have come together to launch AI Alliance with the goal of a more open model of AI. This alliance consists of over 50 large corporations, start-ups, and universities around the world. IBM Research Head Dario Gil joins Yahoo Finance Live to discuss the details of this group and what more to expect when advocating for artificial intelligence development. Gil believes that a large set of AI players is showing a “better way to create and shape and govern AI.” Gil insists that when there is only a select group leading the AI dialogue, revenue sharing is less plausible and there are more risks of “derailment” when challenges arise. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • P&G dips on expected $2B in restructuring costs, Gillette

    Procter & Gamble (PG) is anticipating to book over $2 billion in charges on its restructuring and value write-downs of Gillette, which P&G acquired 18 years ago. Yahoo Finance Live monitors P&G's stock after Tuesday's closing bell. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Citi forecasts 2024 headwinds for energy stocks

    Citi analysts anticipate energy stocks to face headwinds in 2024 on spare oil capacity estimates. Yahoo Finance Senior Business Reporter Ines Ferré reiterates Citi's notes on crude oil supplies following OPEC+'s latest production cut. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Why Christmas may have come early this year for investors

    With volatility this low, the famous "Santa Claus Rally" may have already happened.

  • Can the box office get its Thanksgiving mojo back?

    The Thanksgiving holiday weekend box office isn't what it used to be, with returns yet to reach their pre-pandemic levels. Disney (DIS) is looking to score a win with their new animated film Wish, since historically, Disney has done well during this holiday weekend. Yahoo Finance Senior Reporter Alexandra Canal joins the Live show to discuss Disney's box office woes and what studios' strategies may be going forward now that the historic Hollywood strikes have ended. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Oil: OPEC+ meeting delayed, members sort out production cuts

    Crude oil prices (CL=F, BZ=F) slip further as Saudi Arabia pushes back Sunday's OPEC+ meeting by another week. Prosper Trading Academy CEO Scott Bauer breaks down OPEC member countries' sentiments on whether or not to extend oil production cuts. "I think they are buying time to hash that significant piece of the puzzle out before they get together," Bauer says to Yahoo Finance while commenting on domestic and global oil demands. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Public debt crisis is here: Mark Zandi

    Wall Street has been on guard about rumblings in the US financial system. Moody's Analytics Chief Economist Mark Zandi joins Yahoo Finance Live to weigh in on the state of the financial sectors and areas for concern following regional bank failures in early 2023. Zandi states the system is “this engine that’s shaking under stress” of higher interest rates and does not predict stabilization until the yield curve evens out. Furthermore, Zandi expresses concern about liquidity risks in the US Treasury market, from ballooning debt and warnings of a potential “freezing up" on bonds. When asked about the reality of the public debt crisis, Zandi plainly states: "We're here." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Why Binance's legal troubles may not be over

    Binance Founder Changpeng Zhao, also known as CZ, has pleaded guilty to violating US anti-money laundering rules and agreed to pay a $50 million fine and step down as CEO from the crypto exchange. But this doesn't mark the end of Binance's legal woes. Yahoo Finance’s David Hollerith explains why there could be more legal challenges ahead for Binance and what the firm's $4.3 billion settlement with the US government means for the crypto industry. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Altman reinstated as OpenAI CEO: What it means for the board

    Sam Altman has been reinstated as OpenAI's CEO after the company's board ousted him from the position last Friday. Most of OpenAI's 770 employees threatened to leave and follow Altman to Microsoft (MSFT) — which owns 49% of the artificial intelligence firm — if the board did not reverse their decision. In negotiations, the board has agreed to expand up to nine members. Wedbush Managing Director and Senior Equity Analyst Dan Ives characterizes this conclusion as "the adults" re-entering the room for OpenAI's leadership. "If you look at really what happened here, this is a four-person board that was almost going to take down a $90 billion company, right?" Ives tells Yahoo Finance. "They were essentially kids playing checkers at the kids table for Thanksgiving, [Microsoft CEO Satya] Nadella the Grand Master chess wizard came in and basically resolved that." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Thanksgiving: Travel, retail, market impact, and more

    A record number of travelers are expected this holiday season. The Transportation Security Administration (TSA) expects 30 million airline passengers, and AAA forecasts more than 55 million total travelers. Consumers also plan to spend an average of $567 during Black Friday and Cyber Monday sales. So what does this all mean for the economy, and what is the potential market impact? Yahoo Finance spoke to experts and analysts across the industry to answer these questions and more. Travel (00:00:03) AAA Northeast Senior Manager Robert Sinclair broke down what is expected to be a historic Thanksgiving travel season. "It's the third biggest Thanksgiving travel period ever (behind 2019 and 2005)," Sinclair said. "Now, we're still rebounding from the pandemic and here we are." Airline ticket prices have fallen 14% year-over-year for Thanksgiving-related bookings. Hopper Lead Economist Hayley Berg discussed what that means for airline travel around the holidays. "We're still expecting a very busy holiday season," Berg said. "We're still seeing strong demand, expecting about 15 percent more passengers to be flying over Thanksgiving." Retail (00:01:14) Heading into Black Friday and Cyber Monday, Stacey Widlitz, SW Retail Advisors Chief International Store Hunter, discussed the state of the consumer and what to expect from retailers. Widlitz explained, "Going into these holidays, we might see a little less promotions across the board as usual ... but again I do think this year, that makeshift toward necessities will continue." Butterball CEO Jay Jandrain broke down consumer trends around Thanksgiving and what to expect in 2023. "Demand is great. We're seeing certainly a return to bigger celebrations," Jandrain said. "So it's great to see that people are getting back to normal again, and looking for bigger gatherings, which means they're probably going to be looking for a bigger turkey." Market impact (00:02:24) Yahoo Finance's Markets Reporter Jared Blikre broke down historical trends by index during the week of Thanksgiving. Blikre explained, "For the S&P 500 (^GSPC) on Monday, historically this is a day of losses ... things turn positive for the rest of the week. For the Nasdaq (^IXIC), all four week days are positive, and then for the Russell 2000 (^RUT) ... they actually have the highest gains on average." Yahoo Finance Live host Rachelle Akuffo discussed the increasing use of weight loss drugs, like Novo Nordisk's (NVO) Wegovy and Ozempic, and the impact that it could have on the consumer this holiday season. Akuffo explained, "This is a growing industry that's estimated to make about $100 billion in sales by 2030, but will this Thanksgiving be the canary in the coal mine for how Americans' eating habits are changing?" Video highlights: 00:00:03 - AAA Northeast Senior Manager Robert Sinclair 00:00:37 - Hopper Lead Economist Hayley Berg 00:01:14 - Stacey Widlitz, SW Retail Advisors Chief International Store Hunter 00:01:46 - Butterball CEO Jay Jandrain 00:02:24 - Yahoo Finance's Jared Blikre 00:02:54 - Yahoo Finance's Rachelle Akuffo

  • Why Thanksgiving week is typically bullish for stocks

    Historically, the S&P 500 tends to end Thanksgiving week in the green, and the bullish seasonals don't end there.

  • October economic data: Everything investors need to know

    Inflation is starting to cool, according to October's Consumer Price Index (CPI), which fell flat month-over-month. Meanwhile, shelter and home prices rose 0.3% month-over-month, and energy inflation was down 2.5% month-over-month, reflected in falling gas prices. U.S. retail sales fell 0.1% in October, the first drop in seven months, as consumers pulled back on spending. Yahoo Finance spoke to reporters, experts, and analysts across the industry regarding the latest economic data and what this means for investors. Regarding the state of the consumer, eToro Global Market Strategist Ben Laidler thinks that consumers are "in pretty good shape." Laidler added, "This is the story that keeps giving. This is why the U.S. isn't in recession. This holiday season is the next big test." Wells Fargo Chief Corporate Economist Tendayi Kapfidze and Citi Global Chief Economist Nathan Sheets broke down October's CPI report, and what it could mean for future Fed interest rate hikes. Kapfidze thinks "it's a pretty good report." He explained, "There has been concerns that because of seasonality and because of some changes to the way they calculate healthcare, that you might get a little bit of a pop this month. So it's a good thing that didn't happen." Sheets added, "That allows Jay Powell and his colleagues in December to be a notch less hawkish than they would be otherwise." Regarding the October CPI coming in flat this month and future projections, HSBC Chief Multi-Asset Strategist Max Kettner said, "You're going to have to be wildly optimistic to say you can see (core PCE inflation) in the U.S. below 3% by April-May next year." October's CPI print saw shelter and home prices rise 0.3% month-over-month and 6.7% year-over-year. Yahoo Finance Housing Reporter Dani Romero explained, "We really won't see those numbers reflect the CPI data until next year." A report from the US Bureau of Labor Statistics revealed that energy inflation was down 2.5% month-over-month and down 4.5% year-over-year. This was reflected in the national average gas prices which, as of November 14, was $3.35, according to AAA. Yahoo Finance Senior Business Reporter Ines Ferré explained that the downtrend in gas prices "is reflected in this inflation print." She added, "Gasoline was down 5% month-over-month." Yahoo Finance Reporter Madison Mills broke down the drop in retail sales, which fell just 0.1% month-over-month, and what it means for the state of consumers. Mills said, "That meh kind of number, some would call it Goldilocks ... feels like something the Street is excited about because it's not a sign that the Fed is going to have to continue their rate hike to fight inflation." Yahoo Finance Senior Reporter Jared Blikre also discussed what October's retail sales data may mean for the Fed. Blikre explained, "There's evidence that the consumer remains strong, something the Fed and policy officials have been hammering." Video highlights: 00:00:03 - eToro Global Market Strategist Ben Laidler 00:00:28 - Wells Fargo Chief Corporate Economist Tendayi Kapfidze 00:00:42 - Citi Global Chief Economist Nathan Sheets 00:00:59 - HSBC Chief Multi-Asset Strategist Max Kettner 00:01:10 - Yahoo Finance Housing Reporter Dani Romero 00:01:21 - Yahoo Finance Senior Business Reporter Ines Ferré 00:01:38 - Yahoo Finance Reporter Madison Mills 00:01:57 - Yahoo Finance Senior Reporter Jared Blikre

  • Why investors should treat the new stock market rally with caution

    Markets are in the green and stocks feel good again as the Fed takes its foot off the gas and inflation calms. But there are a lot of reasons to be cautious.

  • Affirm is taking share in a growing market: CFO

    Affirm Holdings (AFRM) shares soared after reporting a 37% jump in revenue, year-over-year, in its fiscal first quarter. The buy now, pay later company also saw gross merchandise volume (GMV) increase 28% from last year. Affirm CFO Michael Linford says the company is "taking share in a growing market." When it comes to the consumer, Linford says people are still spending on general merchandise, travel, and experiences, adding that the likely reason for the company's strong GMV demand is due to the macro headwinds. Watch the video above to hear what Linford has to say about delinquencies and Affirm. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.