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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI does not look like a bubble and 'I believe in the promise of it', says David WaddellHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: David Waddell, Brian Sullivan, Organizations: CNBC
After 2023's blowout run, it's hard to recall the once gloomy investing setup for technology stocks last December. As the calendar year turns, don't expect technology stocks to match 2023's blowout gains, but the year's performance is no fluke. AI stocks may dominate tech-focused investing, but don't sleep on the other emerging themes. GOOGL YTD mountain Alphabet shares in 2023 Both companies have rolled out new initiatives in the months since. Arm Holdings made headlines this year as one of the first major companies to go public , reviving the IPO market after a roughly two-year drought.
Persons: behemoths, Jay Woods, Mark Zuckerberg, didn't, chipmakers, David Waddell, Everybody's, Copilot, Paul Meeks, Gene Munster, Alphabet's, Meeks, Morgan Stanley, Andrew Slimmon, They're, Slimmon, CNBC's, Wall, Nvidia's, He's, Mahoney, Ken Mahoney, it's, Brent Fredberg, Munster's, Management's Albert Tsuei, Tsuei, William Blair's Jonathan Vo, Keith Weiss Organizations: Federal Reserve, Treasury, Freedom, Microsoft, Waddell & Associates, Oracle, Arista Networks, Morgan, Morgan Stanley Investment, Meta, Nvidia, Devices, Dell, Hewlett Packard Enterprises, Broadcom, Holdings, Micron Technology, Brandes Investment Partners, Micron, Samsung, Taiwan Semiconductor Manufacturing, MGM Resorts, Johnson, Okta, UBS, Management's, Palo Alto Networks, Palo Alto Locations: British, Clorox
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWaddell: This year's Santa Claus rally will be powered by fundamentals, rather than hypeDavid Waddell, CEO and Chief Investment Strategist at Waddell & Associates, discusses why he believes a year-end rally is on the table.
Persons: Waddell, Santa Claus, David Waddell Organizations: Waddell & Associates Locations: Santa
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWaddell: There's plenty of fuel for a prolonged stock market rallyDavid Waddell, CEO and Chief Investment Strategist at Waddell & Associates, discusses what's driving the markets and how he's telling clients to invest.
Persons: Waddell, David Waddell Organizations: Waddell & Associates
Australia mourns 10 wedding guests killed in bus accident
  + stars: | 2023-06-12 | by ( ) www.reuters.com   time to read: +2 min
SYDNEY, June 13 (Reuters) - Australia on Tuesday mourned the 10 people who were killed when a chartered bus carrying wedding guests rolled over at a roundabout, the country's worst bus accident in three decades. The driver, a 58-year-old man, was charged with dangerous and negligent driving over the Sunday night accident. Police earlier in the day said it would allege in court that the man drove the bus "in a manner that was inconsistent with the conditions." There were 35 passengers on board the bus who were travelling back to their accommodation from a wedding near the town of Greta, about 180 km (110 miles) north of Sydney, known for its vineyards and wedding venues. Police will interview some of the injured passengers who have been released from hospital and will conduct an examination of the bus.
Persons: David Waddell, Renju Jose, Lincoln Organizations: SYDNEY, Sunday, Prosecutors, Sydney Morning Herald, Police, NSW Police, Thomson Locations: Australia, Hunter, New South Wales, NSW, Greta, Sydney
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWaddell: The crosscurrents for reading sentiment are fueling the markets' sideways moveWaddell & Associates' David Waddell discusses how to position in the markets.
Among major S&P 500 sectors, technology (.SPLRCT) has quarterly gains of about 20%, while the financials index (.SPSY) is set for its worst quarter since June. A closely watched Commerce Department report on Friday showed U.S. consumer spending rose moderately in February, while inflation also cooled. Limiting gains, Micron Technology (MU.O) dropped 2.7% after news that China was set to review the chipmaker's products sold in the country. Advancing issues outnumbered decliners by a 5.73-to-1 ratio on the NYSE and by a 2.76-to-1 ratio on the Nasdaq. The S&P index recorded 14 new 52-week highs and no new low, while the Nasdaq recorded 57 new highs and 98 new lows.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWaddell: Focus on the inflation pivot, not the Federal Reserve pivotDavid Waddell, CEO of Waddell & Assocs., joins Worldwide Exchange to discuss his expectations for inflation, the Federal Reserve, and the markets.
Stock futures are little changed on Monday evening
  + stars: | 2022-11-21 | by ( Alex Harring | ) www.cnbc.com   time to read: +1 min
Stock futures are little changed Monday night as investors worry about the prospect of China reinstating pandemic restrictions. Futures tied to the Dow Jones Industrial Average lost 6 points and was near the flatline. S&P 500 futures were flat while Nasdaq-100 futures added 0.1%. Expect appearances from Cleveland Fed President Loretta Mester, Kansas City Fed President Esther George and St. Louis Fed President James Bullard. Economic reports due out include the Philadelphia Fed's nonmanufacturing business outlook survey and the Richmond Fed's manufacturing index.
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