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Search resuls for: "BakerAvenue Wealth Management"


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☆ There's more room for downside in tech stocks, says BakerAvenue's King Lip
  + stars: | 2024-04-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's more room for downside in tech stocks, says BakerAvenue's King LipKing Lip, BakerAvenue Wealth Management, joins 'Closing Bell' to discuss the tech sell-off and what he's expecting from tech earnings this week.
Organizations: Wealth Management
☆ Tech's earnings bonanza this week shines spotlight on growing troubles at Tesla, Google
  + stars: | 2024-04-22 | by ( Hayden Field | ) www.cnbc.com   time to read: +10 min
Justin Sullivan | Getty ImagesAs tech's behemoths get set to report earnings this week, they do so facing a mountain of drama. Tesla kicks off tech earnings season after the close of trading on Tuesday, with shares of the electric vehicle maker trading at their lowest since January 2023. When it comes to AI, Meta debuted its assistant — Meta AI — on WhatsApp, Instagram, Facebook and Messenger last week. Loren Elliott | Bloomberg | Getty ImagesOn a busy Thursday for tech earnings, Alphabet is likely to capture the most attention. On Thursday, Alphabet CEO Sundar Pichai announced a consolidation of the company's AI teams, including responsible AI and related research teams, under the Google DeepMind umbrella.
Persons: Sundar Pichai, Justin Sullivan, tech's behemoths, Tesla, Microsoft's, Lip, CNBC's, we've, Brandon Bell, Drew Baglino, Rohan Patel, Musk, John Murphy, Meta, Mark Zuckerberg, Wall, OpenAI's ChatGPT, Joe Biden, Republican Donald Trump, Loren Elliott, Ruth Porat, Thomas Kurian's, livestreamed, Pichai, that's, Satya Nadella, Sam Altman, Altman, OpenAI, chatbot, MSFT Organizations: Inc, Government, Society, Google, Big Tech, Nvidia, BakerAvenue Wealth Management, Tech, Meta, Microsoft, Getty, Elon Musk's EV, Bank of America, Reality Labs, Facebook, Republican, Bloomberg, CNBC, Google Cloud, Union, Apple, Guggenheim Locations: Stanford , California, Austin , Texas, New York, Sunnyvale , California, Sunnyvale, Seattle, San Francisco , California, OpenAI, Mistral, U.S
☆ Alphabet has an attractive valuation, but is a 'show me' stock, says BakerAvenue's King Lip
  + stars: | 2024-02-27 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlphabet has an attractive valuation, but is a 'show me' stock, says BakerAvenue's King LipKing Lip, BakerAvenue Wealth Management chief strategist, joins 'Closing Bell' to discuss reports that Apple is canceling its work on an electric car and shifting to generative AI.
Organizations: Wealth Management, Apple
☆ Adobe's generative AI business is 'extremely compelling', says BakerAvenue's King Lip
  + stars: | 2024-01-29 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdobe's generative AI business is 'extremely compelling', says BakerAvenue's King LipKing Lip, BakerAvenue Wealth Management, joins 'Closing Bell' to talk his stock picks ahead of tech earnings.
Organizations: Wealth Management
☆ Microsoft's AI chip announcement could be negative for Nvidia, says BakerAvenue's King Lip
  + stars: | 2023-11-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft's AI chip announcement could be negative for Nvidia, says BakerAvenue's King LipKing Lip, BakerAvenue Wealth management chief strategist, joins 'Closing Bell' to discuss Microsoft's new custom AI chip reveal at the Ignite Conference and more.
Organizations: Nvidia, Wealth, Ignite Conference
☆ BakerAvenue's King Lip is still bullish on tech, expects earnings growth in Q4
  + stars: | 2023-09-13 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBakerAvenue's King Lip is still bullish on tech, expects earnings growth in Q4King Lip, BakerAvenue Wealth Management, joins 'Closing Bell' to discuss why he's still bullish on the tech sector.
Organizations: Wealth Management
☆ The tech trade is alive and well, says BakerAvenue's King Lip
  + stars: | 2023-09-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe tech trade is alive and well, says BakerAvenue's King LipKing Lip, BakerAvenue Wealth management chief strategist, joins 'Closing Bell' to discuss the tech rally and sector outlook.
Organizations: Wealth
☆ We remain bullish on tech despite seasonal headwinds, says Baker Avenue's King Lip
  + stars: | 2023-07-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe remain bullish on tech despite seasonal headwinds, says Baker Avenue's King LipKing Lip, BakerAvenue Wealth management chief strategist, joins 'Closing Bell' to discuss where Lip sees the market trading in the near-term, Apple's stock leading up to its quarterly earnings results, and more.
Persons: Baker Organizations: Wealth
☆ US semiconductor index hits highest in nearly a year on hopes for industry turn
  + stars: | 2023-03-30 | by ( Chuck Mikolajczak | ) www.reuters.com   time to read: +2 min
NEW YORK, March 30 (Reuters) - The Philadelphia semiconductor index (.SOX) hit its highest level in nearly a year on Thursday, as optimism grows that a sales downturn in the industry has reached its nadir, in part due to a surge in artificial intelligence (AI) technology. And so if that's beginning to turn, that's really bullish for those companies." The semiconductor index is up nearly 27% this year, putting it on track for its biggest quarterly percentage gain since the second quarter of 2020. Reuters GraphicsAmong semis this year, Nvidia (NVDA.O) has surged nearly 90% as the best performer on the S&P 500 to rank the company as the fifth-most valuable on the benchmark index. Reporting by Chuck Mikolajczak; additional reporting by Caroline Valetkevitch, Sinéad Carew and Noel Randewich Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
☆ Wall Street jumps with rosy outlooks from companies
  + stars: | 2023-03-29 | by ( Caroline Valetkevitch | ) www.reuters.com   time to read: +3 min
Micron (MU.O) shares shot up 7.2%, boosting the Nasdaq and S&P 500, and leading gains in the PHLX semiconductor index (.SOX), which closed 3.3% higher. Lululemon surges after strong reoprtThe bulk of S&P 500 companies begin reporting on the first quarter in mid-April. On Monday, regional U.S. lender First Citizens BancShares scooped up the assets of Silicon Valley Bank. Michael Barr, Fed Vice Chair for Supervision, told Congress the scope of blame for Silicon Valley Bank's failure stretches across bank executives. The S&P 500 posted 9 new 52-week highs and no new lows; the Nasdaq Composite recorded 69 new highs and 135 new lows.
☆ Wall Street gains with rosy outlooks from Micron, other companies
  + stars: | 2023-03-29 | by ( Caroline Valetkevitch | ) www.reuters.com   time to read: +3 min
Micron (MU.O) shares were up 7%, boosting the Nasdaq and S&P 500, and leading gains in the PHLX semiconductor index (.SOX), which was up 2.6%. The memory chip maker late Tuesday forecast a drop in third-quarter revenue in line with Wall Street expectations, while it gave a rosy outlook for 2025 with artificial intelligence boosting sales. Micron is sort of a microcosm of the global economy because their chips go into so many different industries and sectors. The bulk of S&P 500 companies begin reporting on the first quarter after mid-April. The S&P 500 posted 9 new 52-week highs and no new lows; the Nasdaq Composite recorded 57 new highs and 113 new lows.
☆ Stocks, dollar mostly flat on soft data, corporate outlooks
  + stars: | 2023-01-24 | by ( Herbert Lash Alun John | Herbert Lash | Alun John | ) www.reuters.com   time to read: +4 min
S&P Global's Flash U.S. Composite Output Index last month rose to 46.6, below a reading of 50 where growth begins. Companies reported soft demand amid still high inflation that remains a headwind to customer spending, the report showed. The S&P 500 and Nasdaq closed slightly lower after bellwethers including 3M (MMM.N), Johnson & Johnson (JNJ.N), Verizon (VZ.N) and GE (GE.N) reported mixed results. The Dow rose as Traveler Cos (TRV.N), American Express (AXP.N) and JPMorgan Chase provided almost half its gains. The Dow Jones Industrial Average (.DJI) rose 0.31%, the S&P 500 (.SPX) lost 0.07% and the Nasdaq Composite (.IXIC) dropped 0.27%.
☆ Stocks slide, dollar up as market eye central bank rate policies
  + stars: | 2022-12-06 | by ( Herbert Lash Alun John | Herbert Lash | Alun John | ) www.reuters.com   time to read: +5 min
The major bourses in Europe also declined as concerns mounted about a global slowdown before a raft of major central bank rate decisions next week. The dollar gained against the euro, yen, British pound and Canadian dollar, among other major currencies. Treasury yields fell, but more at the long end of maturities than the short end, which deepened the inverted yield curve, a market indicator of a looming recession. The dollar rose as investors waited for next week's expected 50 basis points rate hike by the Fed. Euro zone government bond yields fell after two European Central Bank officials signaled inflation and rates may be close to peaking in the run-up to a raft of major central bank decisions.
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