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NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks closed higher on Friday to end the best week since November, with tech rallying after earnings from mega-cap stalwarts. Instead, traders focused mostly on earnings strength from Alphabet and Microsoft. In a Friday note, Fundstrat's Mark Newton pointed out that the earnings of Alphabet and Microsoft are paving the way for a broad rally. Next week, Apple and Amazon, will release earnings and investors will be focused on the Fed's next policy meeting scheduled for April 30-May 1.
Persons: , Fundstrat's Mark Newton, Savita Subramanian, we're, it's, Subramanian Organizations: Microsoft, Service, Federal, Amazon, Nvidia, Technology, Bank of, CNBC, Apple, Dow Locations: Here's
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI is a 'secular wave' that's going to be very difficult to fight, says Fundstrat's Mark NewtonMark Newton, Fundstrat global head of technical strategy, joins 'Squawk Box' to discuss Nvidia's stock performance, the company's valuation, impact of AI on tech stocks, and more.
Persons: Fundstrat's Mark Newton Mark Newton
Gold prices are headed for all-time highs, according to Fundstrat's Mark Newton. The technical analyst also has an "intermediate target" for gold to reach $2,500. AdvertisementThis Thanksgiving may call for a feast on gold as prices push towards all-time highs, according to Fundstrat's Mark Newton. To be sure, different datasets have different record highs for gold, but they all go back to 2020. Either way, Newton sees gold prices eventually blowing well beyond those figures.
Persons: Fundstrat's Mark Newton, , Newton Organizations: Service, Dow Jones Market, Bloomberg
Fundstrat Global Advisors founder Tom Lee recently completed the quarterly rebalancing for his Granny Shots portfolio, a list of his top 36 stock picks which has consistently outperformed the market since its inception on Jan. 10, 2019. The Granny Shots portfolio, on the other hand, is up 157.3% in the same period, according to Fundstrat's website . This year alone, the Granny Shots portfolio's 19.33% rally has also outpaced the S & P 500's 13.9% gain. The portfolio takes its name from a style of underhanded shot in basketball that's considered to be highly efficient. Here are a few of the newest additions to Lee's Granny Portfolio.
Persons: Tom Lee, that's, Lee, Fundstrat's Mark Newton, Newton, Hess, Morgan Stanley, Oracle Organizations: Fundstrat Global, Granny, Jan, UST, Washington, Everest, Insurance, ISI, Oracle, CNBC, Caterpillar Locations: Fed
The perfect opportunity for investors to buy the dip in stocks is approaching, according to Fundstrat's Mark Newton. The S&P 500 will drop to 4,200 before recovering, Newton said on CNBC Tuesday. AdvertisementAdvertisementStocks are in the process of bottoming out, and that means the perfect buying opportunity could soon present itself for investors, according to Fundstrat's global head of technical strategy Mark Newton. Meanwhile, any coming downturn is also likely to be postponed, thanks to unprecedented demand carrying the housing market and the labor market, Newton added. That could take the S&P 500 to a new all-time-high in 2023, Fundstrat's Tom Lee previously predicted.
Persons: Fundstrat's Mark Newton, Newton, That's, , Mark Newton, Fundstrat, Fundstrat's Tom Lee Organizations: CNBC, Service Locations: Israel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are close to bottoming from recent market decline, says Fundstrat's Mark NewtonMark Newton, Fundstrat global head of technical strategy, joins 'Squawk Box' to discuss the latest market trends, the slide in mega-cap stocks, market outlook, and more.
Persons: Fundstrat's Mark Newton Mark Newton
Fundstrat Global Advisors founder Tom Lee highlighted five must-own stocks from his Granny Shots portfolio, which has beaten the market for roughly five years running. The Granny Shots portfolio is a distillation of more than 30 of Fundstrat's best stock ideas. This year, Granny Shots is 8.3% higher, better than the S & P 500's 7.4% gain. On Tuesday, however, Lee introduced Super Grannies for investors who are wondering which stocks to buy first in his Granny Shots portfolio. "At present, it looks likely that FTNT might show some slowdown or stall briefly in June if/when this reached former peaks," Newton wrote.
Persons: Tom Lee, Granny, that's, Lee, Fortinet, Fundstrat's Mark Newton, Newton, it's Organizations: Fundstrat Global, Granny, Beverage, Semiconductor
Why ChatGPT could spark a new bull market
  + stars: | 2023-05-22 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +5 min
Phil Rosen here, still poking around OpenAI's new ChatGPT iPhone app. The rise of ChatGPT and subsequent AI boom could solidify the recent strength in stocks as a new bull market, according to market veteran Ed Yardeni. In a recent note, the strategist said equities' strong start to the year isn't just a bear market rally, but that it indeed marks a new bull regime. If the Fed mistakenly pauses and then resumes hiking as inflation persists, the music could stop for high flying AI stocks. Mega-cap tech stocks are "overbought" and their rally could stall out soon.
Mega-cap tech stocks are overbought and their rally may be closer to stalling, Fundstrat's Mark Newton said. Investors are optimistic about the group 'for a lot of the right reasons' like AI, he added. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Still, investors have been optimistic about high-growth tech group stocks 'for a lot of the right reasons' like the advancements in artificial intelligence, and they're thought of as safer stocks that can weather risks better, according to him. Nvidia, Microsoft, Alphabet, all these names have really shown tremendous strength and it really helped this market along when other sectors haven't worked so well," he said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Fundstrat's Mark Newton on Fed's next moveMark Newton, Fundstrat global head of technical strategy, joins 'Closing Bell' to offer his technical take on the markets.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFundstrat's Mark Newton expects the VIX to bottom out by Fed's meeting this weekMark Newton, Fundstrat global head of technical strategy, joins 'Closing Bell' to offer his technical take on the markets.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI don't know what these guys at Fundstrat drink: Short Hills Capital's Steve WeissFundstrat's Mark Newton says the bottom is in, and the investment committee responds. With CNBC's Frank Holland and the 'Halftime Report' investment committee, NewEdge Wealth's Rob Sechan, Sand Hill Global Advisors' Brenda Vingiello, Virtus Investment Partners' Joe Terranova and Short Hills Capital's Steve Weiss.
Fundstrat's Mark Newton says he's still in the no landing camp
  + stars: | 2023-03-07 | 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 EmailFundstrat's Mark Newton says he's still in the no landing campMark Newton, Fundstrat, joins 'Closing Bell' to discuss the technicals of the market.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFundstrat's Mark Newton expects a rally in the Treasury market near-termMark Newton, Fundstrat, joins 'Closing Bell' to discuss his bullish look on the bond market.
Fundstrat's Mark Newton says buy weakness on the S&P 500
  + stars: | 2023-02-14 | 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 EmailFundstrat's Mark Newton says buy weakness on the S&P 500Mark Newton, Fundstrat, joins 'Closing Bell: Overtime' to discuss Fundstrat's call to buy on S&P weakness.
That's that for the latest Fed talk — but today, we're taking a closer look at the AI hype train passing through the stock market. And small-cap tech stocks with names that nod to bots like BigBear.ai and SoundHound AI have similarly notched gains so far this year. Tech stocks have come back with a "vengeance," Fundstrat's Mark Newton said. It's a necessary step for policymakers to take, the group said, even if it means declines in stock market returns. Wall Street's biggest firms are warning their clients not to trust the stock market rally.
I'm senior reporter Phil Rosen, here to ring in a pivotal Tesla earnings report with you this morning. But his wealth — and the wealth of his shareholders — could whipsaw today, depending on what comes across in a particularly important earnings report. But amid the bearishness (not to mention distractions from Twitter), Elon Musk's car maker is still a favorite on Wall Street. FactSet data shows that 64% of analysts give Tesla stock a "buy" or "overweight" rating. US stock futures fall early Wednesday, after Microsoft earnings delivered a bleak outlook that added to investors' worries about earnings growth.
Fundstrat's Mark Newton offers his bullish call for the market
  + stars: | 2023-01-24 | 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 EmailFundstrat's Mark Newton offers his bullish call for the marketMark Newton, Fundstrat global head of technical strategy, joins 'Closing Bell: Overtime' to offer his reason for his call that market lows are likely in place.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou want to be involved in materials, energy and healthcare, says Fundstrat's Mark NewtonFundstrat's Mark Newton joins 'Closing Bell: Overtime' to discuss the safety trades and why they're underperforming right now.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere may be opportunity in Tesla toward month-end, says Fundstrat's Mark NewtonMark Newton, Fundstrat global head of technical strategy, joins 'Closing Bell: Overtime' to discuss Tesla rallying today after having a rough 2022 and still being down in the year.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnergy is the right sector to be in going into the new year, says Fundstrat's Mark NewtonMark Newton, Fundstrat, joins 'Closing Bell: Overtime' to discuss the possibility of a year-end rally and technicals in the market.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket outlook still shows more volatility ahead, warns Fundstrat's Mark NewtonMark Newton, Fundstrat, joins 'Closing Bell: Overtime' to discuss his market strategy and key levels to watch in the markets.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket pullbacks are still buying opportunities, says Fundstrat's Mark NewtonMark Newton, Fundstrat head of technical strategy, joins 'Closing Bell: Overtime' to offer his S&P forecast.
The S & P 500 broke below its June low, and Wall Street is debating whether the sell-off is nearing an end or is more pain in store for investors. The S & P 500 briefly fell to 3,623 Tuesday, a new bear market low, below its June intraday low of 3,636. The broad market index notched a fresh closing low for 2022 on Monday, ending the session at 3,655.04. He said the percentage of stocks above their 20-day, 50-day and 200-day moving averages are in the single digits. For instance, just 2.98% of the constituents in the S & P 500 were above their 50-day moving average.
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