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    Nicholas Jacobino

    Nicholas Jacobino

  • FOMC meeting minutes, job openings, earnings: What to watch

    On Wednesday, Richmond Federal Reserve President Tom Barkin will be speaking in North Carolina. Barkin is the first Federal Reserve official to share their economic outlook in 2024. The minutes from the December FOMC meeting will be released at 2pm E.T.. In the morning, the November Job Openings and Labor Turnover Survey will be released by the Bureau of Labor Statistics. Cal-Maine Foods (CALM) , SimulationsPlus (SLP), and Resources Connection (RGP) will be releasing earnings this week. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • How Carrier Global is remaking itself

    Carrier Global's (CARR) acquisition of Viessmann Climate Solutions SE was finalized on Tuesday morning after the deal was approved by the European Union. The company recently sold its Global Access Unit to Honeywell (HON) and is currently in the process of divesting in other businesses. Dave Gitlin, Carrier Global's Chairman and CEO, joins Yahoo Finance to discuss the changes the company is making and how the company is trying to put more effort in sustainability. Gitlin explains some of the advantages that comes with the recent acquisition : "What really differentiates them [Veissman Solutions] is, number one, their channel. They have a direct to installer relationship with 80,000 individual installers. Number two is their brand. It's respected, obviously, throughout Germany but throughout Europe as well. They have a technology advantage. They're the only company in the world that has complete home energy management solutions." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Oppenheimer analyst explains why he upgraded Moderna's stock

    Oppenheimer & Co Analyst, Hartaj Singh, recently upgraded Moderna (MRNA) shares to "Outperform," with a price target of $142 per share. News of the upgrade has caused shares of the stock to trade over 13% higher on Tuesday. Hartaj Singh joins the Live show to discuss why he upgraded the stock and take a deeper dive into Moderna's performance going forward. Singh explains that with he expects Covid-19 demand to be bottoming, adding that "if you believe that Covid-19 vaccine sales have... hit a bottom going forward, that essentially funds their pipeline and that pipeline is very important... there are some material catalysts that are coming." Click here to watch the full interview on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here.

  • Economist explains top 3 risks to consumer spending in 2024

    The 2023 holiday season proved to be robust for US consumer spending, with consumer confidence rising. However, with many economic headwinds to weather in 2024, questions arise around the status of consumer spending going forward. Apollo Global Management Chief Economist Torsten Slok joins Yahoo Finance to discuss the current economic environment and lay out the possible risks to the consumer spending. Slok explains that consumers are beginning to run out of excess savings dating back decreased spending from the pandemic, and the combination of mortgage rates and resuming of student loans could be a significant blow to consumer spending. "At the same time, because of the Fed deciding to turn more dovish and the market interpreting that in a more dovish way, that is now becoming a bit more of a tailwind, so we don't anticipate that this will create a sharp slowdown," Slok says. "But, it is very critical that excess savings running out will begin to give a path for consumption where we are going to see a slower growth rate over the next several quarters. That should be a softer landing for the US economy overall." Editor's note: Apollo Global Management owns a majority stake in Yahoo, the parent company of Yahoo Finance. Click here to watch the full interview on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here.

  • How Delta stands to capitalize on travel demands in 2024

    2024 may turn out to be a strong year for travel demand, potentially breaking pre-pandemic records. Airlines stand to capitalize, making them a viable option for investor portfolios. Citi Managing Director and Equity Analyst Steve Trent joins Yahoo Finance's Julie Hyman for the latest edition of Good Buy or Goodbye where he provides insight into the investment outlook for the travel industry for 2024. Trent states his "Good Buy" is Delta Air Lines (DAL). Its loyalty program is robust, with an already large customer pool, that makes up a sizable piece of Delta's revenue. Trent argues that Delta has one of the strongest brands against other airlines, citing success despite the lower travel demand during the pandemic. He continues saying Delta can best capitalize on changing consumer habits in travel with the advent of remote work and buying experiences. Trent states his "Goodbye" stock is JetBlue (JBLU). He believes one of the top reasons to avoid this stock is due to its merger with Spirit Airlines (SAVE) which has "difficult" financials. Recently, the airline has been offering no-frills and discount options, which, according to Trent, "have done worse in the current environment than they used to." In addition, an unknown number of its aircrafts have issues with the geared turbofan engine which will take considerable time to fix. Click here to watch more "Good Buy or Goodbye" or you can watch this full episode of Yahoo Finance Live here.

  • Pinstripes looking to expand internationally, CEO explains

    Pinstripes (PNST, PNST-WT) made its public debut via SPAC on Tuesday morning. The dining and entertainment brand looks to capitalize on the growing trend of consumers buying into experiences and events rather than merchandise. Pinstripes Founder and CEO Dale Schwartz joins Yahoo Finance to discuss how the company will try to capitalize on its public debut and expand the business to new locations and markets. "Our view was that, internationally, all the same experiential trends pre-COVID, were maybe lagging international markets by a couple of years," Schwartz says on international market opportunities. "Somewhat thanks to COVID, there is no lag. Everybody in the UK, Australia, Dubai, etc., didn't have an option but to transact online. So we are looking." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • How troubles in China are affecting emerging markets

    Emerging markets (EEM, EMXC) are trending down on the first trading day of 2024 as Chinese markets have had one of its worst starts to a year since 2019. Last month, China injected a stimulus of $50 billion into banks hoping to send some momentum into its economy. Yahoo Finance's Jared Blikre joins the Live show to discuss what is going on with Chinese markets and how emerging markets could play out going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Maersk suspends Red Sea shipping after latest attack

    Shipping company Maersk (MAERSK-A.CO, MAERSK-B.CO) has suspended shipping in Red Sea until further notice due to a recent attack from Houthi rebels. As a result, oil prices (CL=F, BZ=F) spiked more than 2% Tuesday morning, but fell back down as the morning continued. Yahoo Finance Reporter Ines Ferré joins the Live show to break down the latest development with ongoing conflicts and its impact on oil prices. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • There could be some good news for travelers in 2024: Expert

    The International Air Transport Association (IATA) expects 4.7 billion people to travel in 2024, breaking pre-pandemic records. And as more people book trips, consumers will likely be paying less than they did in 2023, according to Hopper Consumer Travel Expert Lindsay Schwimer. Schwimer told Yahoo Finance Live that consumers will pay less for both domestic and international flights. "If you are booking a trip both domestically and internationally, you're going to see some relief when you're booking those tickets," Schwimer said. Schwimer added Florida, Mexico, and the Caribbean are among the most popular destinations for U.S. travelers this year, along with Paris and Tokyo. Click here to watch the full interview on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here.

  • Fed minutes, jobs data: What to watch this week

    Stocks fell to start 2024 as investors look ahead to the minutes from the last Fed meeting and December's jobs report, both set to be released this week. Economists polled by Bloomberg expect the Labor Department to report nonfarm payrolls expanded by 170,000, while the unemployment rate ticked higher to 3.8%. Yahoo Finance Senior Reporter Jennifer Schonberger joins the live show to break down the key economic news to watch this week. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Why oil prices could swing wildly in 2024

    Oil traders are closely watching escalating tensions in the Red Sea after an Iranian warship entered the waterway on Monday, according to a Tasnim news agency. U.S. West Texas Intermediate crude traded as high as $73.64 per barrel before paring gains. Lipow Oil Associates President Andrew Lipow sees oil prices heading higher in the near term, telling Yahoo Finance Live he expects prices to rise above $80 per barrel. "A year from now we'll be looking at $85 to $87 a barrel, but in between now and then we could see oil prices fall to below $67 a barrel based on Chinese demand," Lipow said. "On the other hand, we could see prices reach $93-$95 a barrel if there were to be supply disruption in the middle east." Click here to watch the full interview on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here.

  • Why healthcare, biotech may be top plays for 2024: BTIG

    BTIG has released its 2024 Top Picks report, naming healthcare and biotech as two sectors well positioned from a technical perspective.   "On the sector front, we think Healthcare is poised to do well after a negative 2022 and essentially a flat 2023," BTIG Managing Director and Chief Market Technician Jonathan Krinsky wrote in a note to clients. "This has left a wide multi-year trading range that could be powerful should it breakout to the upside. We would also highlight biotech which is attempting to emerge from a long bear market that started nearly three years ago in early 2021." Yahoo Finance Anchors Seana Smith and Madison Mills discuss BTIG's outlook. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Stocks fall, Treasury yields rise on first trading day of 2024

    U.S. Treasury yields climbed Tuesday as investors look ahead to potential rate cuts from the Federal Reserve.  Projections released by the Fed in December showed officials see the fed funds rate peaking at 4.6% in 2024, down from the central bank's previous September projection of 5.1%. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Why 'dividend aristocrats' need to be on investors' radar

    As the last trading day of 2023 comes to a close, investors are eagerly looking ahead to 2024 for new investment opportunities. 2023 was the year of the Magnificent Seven and the S&P 500 (^GSPC), but is there something new to consider ahead of cooling inflation and potential interest rate cuts? Roundhill Investments Chief Strategy Officer Dave Mazza joins Yahoo Finance to give insight into what is being referred to as "dividend aristocrats" and why they should be considered for investor portfolios in 2024. "So a dividend aristocrat is a company that has increased their dividend each and every year for 20 or 25 years. There's another group, even stringent to get in — the dividend kings, the dividend monarchs, that's 50 years of consecutive dividend increases," Mazza says. "They tend to be incredibly resilient, if you've been able to increase your dividends for that long of a time period, you have free cash flow to be able to pay those dividends to investors." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Economic factors that will indicate a soft landing in 2024

    The Federal Reserve has been at the center of much of the discussion throughout Wall Street for 2023, speculating the nature of monetary policy decisions and their forward impacts. The discussion persists into 2024 as inflation appears to be cooling down, and it becomes increasingly likely the Fed plans to cut interest rates. GLOBALT Investments Senior Portfolio Manager Keith Buchanan and Interactive Brokers Chief Strategist Steve Sosnick join Yahoo Finance to discuss the Fed's potential next moves and some of the factors that could indicate a soft landing for the economy in 2024. Buchanan mentions financials as one sector that could deal with most scenarios: "We're looking selectively, we're warming up to what the financials and, particularly, the banks can offer, especially when we look up at the market cap skills of some the bracket banks." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Bidenomics: Year in review for Biden's economic policy

    President Biden's economic policy has garnered mixed results for the administration as some of the policies have seemed to help with inflation, but have not moved voters. President Biden's approval rating has suffered and fallen lower in recent weeks. Yahoo Finance Senior Columnist Rick Newman joins the Live show to discuss how Bidenomics has performed in 2023, what it has accomplished, and what it still has left to fix going into 2024. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • OpenAI vs. Baidu: AI battle of the bots

    Baidu (BIDU) reported that its AI chatbot, Ernie, topped over 100 million users, causing shares of the company to trend upwards. Baidu's chatbot is a part of a larger play to expand its AI presence. Meanwhile, popular OpenAI bot ChatGPT (MSFT) has faced a lawsuit from the New York Times, alleging that the bot uses direct material from the NYT to answer questions. Yahoo Finance Anchors Diane King Hall and Rachelle Akuffo break down the latest developments for these companies and what it means moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • What the fallout from Fed rate cuts could be in 2024

    As the final trading day for 2023 commences, Wall Street is looking forward to 2024 when many believe the Federal Reserve will begin to cut interest rates. What could the fallout look like if the Fed begins to cut too early or too many times in this economic environment? Unlimited Co-Founder, CEO, and CIO Bob Elliott joins Yahoo Finance to give insight into the Fed's looming rate decisions and the impacts they could have on the overall stock market. "Any time the Fed quickly cuts interest rates is a time you don't want to be holding stocks, and so I think there's a real disconnect between what we see priced in the stock market and what we see priced into the bond market right now," Elliott says on equities. "Stocks are pushing new highs, reflecting the fact there's a strong set of liquidity conditions and the fall in long-end rates is actually on the margin stimulative to the US economy." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • AI, Magnificent 7 highlight biggest takeaways from 2023

    2023 was a tumultuous year for the economy and the world at large. With ongoing and escalating geopolitical conflicts, a banking crisis, inflation, volatility, chaos in Congress, and more, there's a lot to sift through. Yahoo Finance anchors Brad Smith and Brian Sozzi take a look back at the year, their biggest takeaways, and dive deep into the concept of 'Hopeium,' driven by generative AI and the Magnificent Seven stocks.For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Top market mantras for investors in 2024

    With 2024 imminent, many investors are wondering how to allocate portfolios and what the Federal Reserve will decide regarding interest rates. While there are many strategies to consider, there are certain mantras that will work best for the new year. Cole Smead, Smead Capital Management CEO, and Matt Maley, Miller Tabak Managing Director, join Yahoo Finance to discuss the top market mantras every investor should consider going into 2024. Maley cautions against one mantra that has worked well in recent years - buy the rumor, sell the news. "It is likely the S&P (^GSPC) might not make money over the next decade, including dividends, and when I say likely that's our bet," Maley says. "The other thing I'd throw out there is, that is a nightmare for retirees, that is the kind of world that people are not preparing for on this hype and excitement, and the question is 'Is stock market failure going to cause everyone to lose enthusiasm for stocks?' and that is a real danger." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.