BTIG’s Julian Emanuel believes 2020 will be a milestone year. With the major indexes kicking off Christmas week at fresh all-time highs, he’s not ruling out a 22% surge in the S&P 500. Emanuel’s call comes as Wall Street remembers the one year anniversary of the Christmas Eve market meltdown. The S&P 500’s 2.7% plunge briefly put it in a bear market territory — more than 20% from its record high. But Emanuel, one of the biggest bulls on Wall Street, contends investors still haven’t fully embrace

President Donald Trump speaks to the media after participating in a video teleconference with members of the U.S. military at Trump’s Mar-a-Lago resort in Palm Beach, Florida, December 24, 2019. With Washington and Pyongyang showing little progress in their denuclearization talks, North Korea sent the U.S. a cryptic warning about a “Christmas gift” — but the present may just be some new decor, President Donald Trump said Tuesday. Trump, speaking to reporters after finishing a Christmas Eve video

Photographer: Michael Nagle/Bloomberg via Getty ImagesThis year’s IPOs crop wasn’t as bad as it may have appeared. “The long-awaited debuts of mega unicorns Uber and Lyft were mega busts, capped off by WeWork’s kamikaze IPO attempt in September,” said Kathleen Smith, principal at Renaissance Capital. Renaissance Capital’s IPO Index, a basket of newly public companies, is up 33% this year versus a 29% rise in S&P 500. Chinese IPOs were the worst performing new listings, according to Renaissance,

U.S. stocks sank, erasing yesterday’s rally, amid losses in industrial metals and disappointing results from Bank of America Corp.By one measure, the shift to passive investing from active is slowing down. With just one week left in 2019, Bank of America said Tuesday its clients have bought more stocks in individual companies this year than exchange-traded funds for the first time since 2008. The bank’s data showed its clients bought about $38 billion worth of single stocks in 2019, exceeding th

For the health of Uber, Kalanick needed to remove himself operationally and in ownership: The NYTimes’ StewartJim Stewart of The New York Times joins ‘Squawk on the Street’ to discuss the announcement that Uber founder Travis Kalanick will depart Uber’s board of directors.

Liquidity will help drive stock strength in 2020: Portfolio managerKevin Caron, senior portfolio manager at Washington Crossing Advisors, and Kenny Polcari, senior market strategist of SlateStone Wealth, join CNBC’s “Squawk on the Street” team to discuss how markets are trading as the U.S. works on trade agreements and the 2019 trading year comes to a close.

The stock market saw a dramatic sell-off last Christmas Eve, with the Dow Jones Industrial Average falling 653 points. The S&P 500 briefly entered into a bear market — typically defined as a drop of more than 20% since recent highs — during the trading day on an intraday basis. The Dow and S&P 500 last year posted their worst December since 1931 and their biggest monthly loss since 2009. The S&P 500 is now up 37% from the bottom of the sell-off. All 11 main sectors of the S&P 500 are up at least

Caroline Purser | Getty ImagesA confluence of easy money from central bankers and new technologies from Silicon Valley made the 2010s a golden age for high-flying growth stocks. For this reason, the growth investing trend of the past decade may well continue into the next, some analysts say. “Sustained value stock outperformance therefore appears unlikely unless the pace of economic growth either rebounds sharply … or falls into a recession. The growth stock decadeIn a decade characterized by ul

Traders work on the floor at the New York Stock Exchange, December 9, 2019. The value of global equities began the year just under $70 trillion but has now surpassed $85 trillion, according to a chart from Deutsche Bank’s Torsten Slok. Global stock markets have been on a torrid run in 2019, adding more than $17 trillion in total value, according to Deutsche Bank calculations. The global trade outlook — in turmoil since the election of Donald Trump and the vote for Brexit in the United Kingdom —

Shares of FedEx are down 23.9% from their 52-week high, with losses accelerating after the company reported disappointing second quarter results last week, and one firm thinks there may be more pain ahead. Argus Research downgraded the stock on Tuesday to hold, based on the “numerous” risks investors face, including declining revenue and narrowing margins.

Argus downgraded the stock and said it has “little confidence” in the company’s “near-term earnings power.” “The shares have fallen sharply in 2018-2019 though, on concerns over trade and tariffs as well as weakening economic conditions overseas. Management has lowered guidance several times, and though it has a plan to reduce costs, we have little confidence in the company’s near-term earnings power. Value investors may be attracted to the stock’s low multiples and continue to hold the shares.

RBC Capital Markets bumped up its price target for Advanced Micro Devices stock to the highest on Wall Street, saying of its CEO: “in Lisa Su we trust.” AMD shares rose 1.5% in premarket trading Tuesday from its previous close of $45.46.

Microsoft CEO Satya Nadella and Salesforce CEO Marc Benioff in 2014. “It was very clear that the largest software company in the world is saying, ‘Cloud is good, Cloud will work, Cloud is sanctioned.’ Newly public companies Elastic, Smartsheet and Coupa each reported growth in excess of 50%. They’re among the top performers in the BVP Nasdaq Emerging Cloud Index, a group of public companies that get most of their revenue from cloud products and services. Venture capital firm Bessemer Venture Par

Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. In the midst of a fourth-quarter surge that launched Tesla’s stock past CEO Elon Musk’s $420 per share takeout value, Morgan Stanley reiterated its $250 price target on the company. Tesla is currently trading at an outsized value for an autos manufacturer, Morgan Stanley analyst Adam Jonas said in a note published Monday. Morgan Stanley has an equal-weight rating on Tesla’s stock.

In a statement Tuesday, Uber said Kalanick, 43, is leaving to “focus on his new business and philanthropic endeavors.” An Uber spokesperson said the ride-hailing company has “strong director candidates to put forward at the appropriate time.” By exiting the board and dumping his stake, Kalanick has severed his last ties from the company he co-founded. Uber CEO Dara Khosrowshahi said in the release that he was “enormously grateful for Travis’ vision and tenacity while building Uber.” Kalanick had

David McNew | Getty ImagesThe Trump administration in August announced plans to significantly weaken regulation on climate-changing methane emissions. By the agency’s calculations, the rollback would increase methane emissions by 370,000 tons over roughly five years. Weakening the Endangered Species ActA healthy Florida panther is seen on display at the Palm Beach Zoo. Attorneys general in 17 states have sued the Trump administration over the changes. If the court favors the Trump administration

If you’re like the 76% of Americans who drive to work alone, you’ve probably commuted in stop-and-go traffic with no end in sight. Then, when the road finally clears, you realize there was no reason for traffic to be stopped in the first place. Experts call them “phantom traffic jams,” moments when traffic grinds to a standstill for no apparent reason. It also costs the U.S. economy a grand total of $179 billion each year, according to the Texas A&M Transportation Institute. Watch the video abov

The beaten-down stock closed Monday at its highest level in a week after another recent tumble. Nancy Tengler, chief investment officer at Laffer Tengler Management, says this is the turning point the stock needed. Mark Newton, founder of Newton Advisors, says Boeing could take more time before getting back into gear. Its relative strength, a momentum measure, spiked to 91 in January 2018 — any reading above 70 typically suggests overbought conditions. Disclosure: Tengler and Laffer Tengler Inve

The 49ers’ version of Executive Huddle is a suite located on the west wing of the 5-year-old stadium, overlooking the field. If the restrooms aren’t clean, customers can use HappyOrNot kiosks, which will send the feedback to Executive Huddle. SAP developed Executive Huddle in 2017, hoping to assist the 49ers in solving their weekly strategic planning. He wanted a more rapid system to dissect the feedback sooner, and the team added Executive Huddle in 2018. SAP charges a monthly fee ranging from

Senior Pentagon officials have told members of the Armed Forces to skip what may seem like the perfect holiday gift — an at-home DNA test. In a Dec. 20 memo obtained by NBC News, Under Secretary of Defense for Intelligence Joseph Kernan and James Stewart, acting Under Secretary of Defense for Personnel and Readiness, said that DNA testing companies were targeting military members with discounts and other undisclosed incentives. The tests might be sold without independent confirmation of their cl