An employee wears an orange Home Depot Inc. apron at a store in New York. Buy the pullback and reset in growth expectations for Home Depot, said Credit Suisse. The firm upgraded shares of the home improvement retailer to outperform from neutral and raised its price target to $235 from $225 per share. “We believe HD offers an attractive risk/reward now after its recent pullback, and yesterday’s guidance reset, with optionality on improving external and internal drivers in FY20,” said Credit Suiss

You’re probably already aware that wealth in America is a tale of haves and have-nots. But new research shows just how big the disparity is in 401(k) plan accounts — workplace retirement savings plans that were created to help all individuals get ahead. There are two main reasons why the 401(k) plan and other workplace retirement savings plans don’t work, according to the Economic Policy Institute, the non-partisan think tank that authored the study. One reason is that roughly half of workers do

Yet there are some less obvious reasons for certain retirees or retirement savers to consider doing a so-called Roth conversion. Also, while there are contribution and income limits that apply to direct contributions made to a Roth IRA, those restrictions don’t exist for assets transferred from other qualified retirement accounts. Here are some of the situations, discussed by Levine, where a Roth conversion might be right for you. For money that’s converted to a Roth IRA, you can avoid the penal

Investor and author Grant Sabatier says building a relationship with your money is the key to having more of it. If anyone knows how to get to $10,000 with sure, definite steps, it’s Grant Sabatier of online personal finance community Millennial Money. Today, Sabatier, who turns 35 this month, is worth more than $1 million and has just published his first book, “Financial Freedom.” Money is only stressful if you don’t build a relationship with it, Sabatier says. “Just make a couple of these chan

An Airbus A320-212 operated by Delta Airlines takes off from JFK Airport on August 24, 2019 in New York City. Delta Air Lines on Thursday forecast continued revenue growth next year, thanks to strong consumer spending, particularly passengers who buy seats at the front of the plane. The guidance sent shares of the airline up by more than 4% in morning trading. Delta’s premium-class revenue is growing at twice the rate of its revenue overall, the airline said in an investor day presentation, reac

Tim Wentworth, President of Express Scripts and Cigna Services, speaking at the CNBC Healthy Returns conference in New York on May 21, 2019. So Cigna’s Express Scripts, one of the biggest pharmacy benefits managers, is throwing them a much-needed lifeline. Right now, Express Scripts and other PBMs like CVS Caremark essentially decide which medications should be covered by health plans. The move will also help the struggling digital health sector. Express Scripts’ chief experience officer Mark Bi

Watch CNBC’s full interview with former White House strategist Steve BannonSteve Bannon, host of radio show and podcast “War Room: Impeachment” and former White House chief strategist in the Trump Administration, joins “Squawk Box” to discuss the latest on China trade, the 2020 election, the House filing articles of impeachment against President Trump and more.

20% believe Boeing 737 Max is safe to fly, Bank of America survey saysRon Epstein, senior equity analyst at Bank of America, joins “Squawk Box” to discuss the latest in the Boeing 737 Max saga and how the stock is impacting the Dow.

Kunins now oversees Axon’s software road map, the list of technologies Axon thinks will be big over the next decade. Axon formally became a technology provider in 2009 when it launched Evidence.com (now Axon Evidence), a cloud-hosting service where police departments store digital assets — namely, video from Axon body cameras. The maker of law enforcement technology like the Taser recently hired an Amazon Alexa executive as it pushes further into cloud offerings. “As the biggest cloud software s

The star of a much-criticized Peloton holiday ad told NBC on Thursday she was surprised at the sudden amount of criticism weeks after it first aired. Amid the uproar, Ruiz appeared in an ad Friday for actor Ryan Reynolds’ Aviation Gin, which seemed to mock the Peloton ad. In the “TODAY” interview, Ruiz said she initially told her agent she didn’t want to appear in the gin ad because she didn’t want to appear to be making fun of the Peloton ad. The actor said when he first saw the Peloton ad, he

It looks like PepsiCo could beat rival Coca-Cola to market with a coffee-cola beverage. Twelve-ounce cans of Pepsi Cafe will arrive at U.S. stores in April, but will be available only for a limited time. Coke’s version, Coke Plus Coffee, is available in international markets, but the Atlanta-based company has not announced a U.S. launch despite months of speculation. Pepsi Cafe will come in two flavors: original and vanilla. Both iterations inspired the taste of Pepsi Cafe, which took more than

The S&P 500 could see another year of double-digit gains in 2020 as investors circle back to stock groups they left behind in 2019, says Art Hogan of National Securities. The firm’s chief market strategist has now set his 2020 price target for the S&P 500 to 3,450, one of the highest on Wall Street. “We’re seeing the momentum side sell off, and I think that’s a healthy thing. “It’s been three years since the Russell … has actually done better than the S&P 500,” Hogan said. So, I think that’s a

Here are the biggest calls on Wall Street on Thursday:UBS upgraded the company in transferred coverage to a new analyst and said the stock was at an “inflection point.” “We assume coverage of GE with a Buy rating as we believe the stock is at a positive inflection point into 2020, driven by 1) successful de-levering , 2) strong EPS growth of ~12%/29% in 2020/21E and 3) a tripling of ind. FCF to ~$2.3B in ’20e led by Aviation & Healthcare. Power, Renewables and Corporate FCF drags should decline

The partnership with Apple will allow customers who own Apple Watches to track workouts on screens inside the gyms without requiring an additional heart rate monitor. So, instead of going to the gym and strapping on a clunky heart rate device, you can just wear your Apple Watch while you work out. It’s also part of Apple’s broader push to expand into health and fitness, beginning with the Apple Watch. Apple has software tools for developers called GymKit that lets the Apple Watch sync with conne

Drew Angerer | Getty ImagesSkyrocketing prescription drug costs and health-care continue to dominate both Democratic and Republican agendas, increasing uncertainty in the industry heading into the 2020 elections. There are eleventh-hour efforts in both the House and Senate to try win passage of bills to combat escalating drug prices and surprise medical-billing before year end. The House is expected to vote as early as Thursday on a sweeping plan to curb prescription drug prices. “In the last se

“The best team size is three. Funds managed by three-person teams tend to outperform solo-run funds by 58 basis points a year, beating any other team size, according to Mauboussin. In the mutual fund universe, those listing a single manager are hard to come by these days. Seventy-five percent of all actively managed funds are team-managed, and only 25% are run by a single manager, according to a recent Morningstar study. In 1992, 67% of U.S. stock funds were run by a single manager, according to

Robinhood fractional trading RobinhoodRobinhood is getting in on the recent trend of companies letting traders buy a fraction of a share. SoFi and Stash are among the fintech start-ups that also offer do fractional trading. The rise of fractional tradingThe mutual fund industry has been handling fractional shares for years. SoFi launched a fractional feature in July said the demand to buy expensive stocks is now through the roof. That also means more market risk and exposure to volatility, which

Sen. Elizabeth Warren is doubling down on her critiques of rivals Mayor Pete Buttigieg and former Vice President Joe Biden as she seeks to regain momentum in the Democratic presidential primary after weeks of faltering in national and early state surveys. Warren held first place in Iowa polls for a period last month, but has since sunk to fourth place, behind Buttigieg, Biden and Sen. Bernie Sanders, I-Vt, according to an average of state surveys compiled by Real Clear Politics. Despite Buttigie

President Donald Trump said Thursday the U.S. has moved close to a trade agreement with China after several false starts and near misses. “Getting VERY close to a BIG DEAL with China. Trump in October announced a partial “phase one” agreement with China as the world’s two largest economies try to rein in the economic conflict. During months of trade talks with China, the president has previously touted progress before discussions crumbled. Trump wants a broad trade agreement with China to addres

Initial claims for state unemployment benefits surged 49,000 to a seasonally adjusted 252,000 for the week ended Dec. 7, the highest reading since September 2017, the Labor Department said on Thursday. Economists polled by Reuters had forecast claims would increase to 213,000 in the latest week. The Labor Department said only claims for the Virgin Islands were estimated last week. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out w