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Boeing 737 fuselages on railcars at Spirit AeroSystems' factory in Wichita, Kansas, US, on Monday, July 1, 2024. Nick Oxford | Bloomberg | Getty ImagesSpirit AeroSystems is weighing furloughs or layoffs of hundreds more employees if the Boeing machinists' strike stretches beyond Nov. 25, a company spokesman told CNBC Thursday.Boeing's machinists, whose strike is about to enter its sixth week, voted 64% against a newly proposed labor contract on Wednesday, extending the work stoppage that has halted production of most of Boeing's aircraft, which is centered in the Seattle area.Spirit, which makes fuselages for Boeing's best-selling 737 Max as well as other major parts had already been preparing to temporarily furlough about 700 workers in its Wichita, Kansas, facilities. Those furloughs cou...

As October nears its end, Oppenheimer is eyeing some stocks that it thinks are slated for gains over the next year. October has historically been a volatile month for stocks, and this year's period has been no different. Both the S & P 500 and the Dow Jones Industrial Average posted their third losing session in a row on Wednesday. That said, the broad market index as well as the Nasdaq Composite are still on track to close out the month in the green. These moves come amid a strong earnings season so far. To date, 32% of the S & P companies have reported, and their earnings and revenue have beaten analysts' expectations by 6% and 1.3%, respectively, per LSEG. Their performance is also much better than last year's period, with earnings up 4.3% and revenue up 4.2%. Looking ahead to N...

While investors have been infatuated with the latest AI-fueled growth story, I'm actually finding more and more opportunities in defensive areas of the market. These are stocks that have generally underperformed for much of 2024, but recent price and momentum improvements are creating powerful setups with upside potential. Shares of Kroger Co. (KR) are threatening a new 52-week high this week, and a breakout above current levels would confirm one of the most bullish price patterns in the technical toolkit: the cup-with-handle pattern. We can see the cup-with-handle pattern developing on the daily chart, consisting of a six-month rounded bottoming pattern followed by a brief pullback in the month of October. The key to a cup with handle pattern is the "rim" of the cup, which is essentially ...

CANNES, FRANCE - JUNE 19: Elon Musk attends 'Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk' session during the Cannes Lions International Festival Of Creativity 2024 - Day Three on June 19, 2024 in Cannes, France. (Photo by Marc Piasecki/Getty Images)Marc Piasecki | Getty Images Entertainment | Getty ImagesTesla shares soared roughly 19% Thursday morning, putting the stock on pace for its best day in more than three years, following the company's better-than-expected earnings report.The company late Wednesday reported revenue of $25.18 billion, which came in just under analysts' expectations of $25.37 billion, but was up 8% compared to a year earlier. Tesla reported earnings per share of 72 cents adjusted, topping the average analyst estimate of 58 cen...