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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSelling volatility has paid off for traders over the last few years: IG North America CEO JJ KinahanJJ Kinahan, IG North America CEO, joins 'Squawk Box' to discuss the latest market trends, the impact of last night's attack by Israel on Iran, and more.
Persons: JJ Kinahan JJ Kinahan Organizations: IG North, IG North America Locations: Israel, Iran
New York CNN —Big banks kick off earnings season Friday. “Earnings season just became significantly more important,” said JJ Kinahan, chief executive of IG North America, in a Wednesday note. On one hand, lofty rates could help pad banks’ net interest income, since they can charge a higher borrowing rate for loans and mortgages. Inflation has been a bane on Biden’s presidency, with voters consistently giving him low marks for his handling of the economy. Fed Chair Jerome Powell has said that policymakers want to see more evidence that inflation is headed toward their 2% goal.
Persons: , JJ Kinahan, JPMorgan, Wells, You’ll, Carol Schleif, Wall, Jamie Dimon, , Alicia Wallace, Friday’s, Joe Biden, ” Biden, Bryan Mena, Jerome Powell, Powell Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, IG North America, JPMorgan Chase, BlackRock, Citigroup, PNC Financial Services, BMO Family Office, Federal Reserve, Wall, Traders, Bureau of Labor Statistics, , Federal, Fed Locations: New York, Wells Fargo, pare
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailState of retail investors: IG North America CEO on the top bullish and bearish betsJJ Kinahan, IG North America CEO, joins 'Squawk Box' to discuss the state of retail investors, why he believes the current market rally is one that most investors don't like very much, the top bullish and bearish bets, and more.
Persons: JJ Kinahan Organizations: State, IG North America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with IG North's JJ Kinahan and Societe Generale’s Subadra RajappaIG North America CEO JJ Kinahan and Subadra Rajappa, Societe Generale head of U.S. rate strategy, join 'Squawk Box' to discuss the latest market trends, upcoming retail earnings, and more.
Persons: North's JJ Kinahan, JJ Kinahan, Subadra Organizations: North, Societe Generale
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe stock market is subservient to the bond market, says IG North America CEO JJ KinahanJJ Kinahan, IG North America CEO, joins 'Squawk Box' to discuss the latest market trends, the state of retail investors, why he believes all stock market participants are now bond traders, and more.
Persons: JJ Kinahan JJ Kinahan Organizations: North, IG North America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetail investors are liking Nvidia, Tesla, and Microsoft, says IG North America CEO JJ KinahanIG North America CEO JJ Kinahan joins 'Squawk Box' to discuss the stocks retail investors are bullish on, whether the retail investor community caught the recent equity rally, and more.
Persons: JJ Kinahan Organizations: Retail, Nvidia, Tesla, Microsoft, North
The common shares dropped to $3.45, levels just before the meme stock mania of January 2021 when retail traders hyped up the stock on online forums like Reddit. The preferred stock units called "APE" , which trade at a significant discount to common shares, jumped 15% to $2.05. Under the settlement, AMC will provide stock worth an estimated $129 million to common shareholders to settle potential legal claims related to a stock conversion plan. Wedbush analysts said they expect AMC and APE shares to converge around $3 per share before the conversion. Aron said the company has raised $418 million in cash through the sale of "APE" units over the past 12 months.
Persons: Adam Aron, David Swanson, Thomas Hayes, Aron, JJ Kinahan, Medha Singh, Akash Sriram, Saumyadeb Chakrabarty Organizations: AMC Entertainment, Milken, Global Conference, REUTERS, AMC, Great, Great Hill Capital, Twitter, IG North America, Thomson Locations: Beverly Hills , California, U.S, Great Hill, New York, Bengaluru
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Home and kitchen product maker Tupperware Brands Corp's stock rose more than 32%, after sky-rocketing by more than 575% over the past seven sessions despite no material changes to the company's health. The original meme stock rallies, most famously, involved retailer GameStop and movie theater chain AMC Entertainment. Market orders from retail traders made up 17.6% of total market flows on July 31, up from a near six-month low of 14.8% on July 20, according to J.P. Morgan data. Roundhill's Meme index (.MEME) had hit a more than one-year high on Monday.
Persons: Brendan McDermid, Tupperware, JJ Kinahan, Kinahan, Nikola Corp, Morgan, Dan Raju, Raju, Medha Singh, Devika Syamnath, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Tupperware Brands Corp, Apollo Global Management, Tupperware, Revlon, Hertz Corp, IG North America, GameStop, AMC Entertainment, Corp, Nikola, Tesla, Thomson Locations: New York City, U.S, Bengaluru, Chibuike, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe'll see a broadening of market participation going into 2024, says Edward Jones' MonahajanMona Monahajan, Edward Jones senior investment strategist, and JJ Kinahan, IG North America CEO, join 'Squawk Box' to discuss the latest market trends, expectations for the second half, and more.
Persons: Edward Jones, Mona Monahajan, JJ Kinahan Organizations: IG North America
The S&P 500 Index last week entered a bull market, meaning that it notched a 20% rally from its low in October. Moreover, investors appeared calmer than they have in years, after the United States suspended the debt ceiling in time to avoid a default, allowing investors to breathe a sigh of relief. The May Consumer Price Index and Producer Price Index reports, two key inflation prints, are also due the days that the Fed meets. But the United States could still suffer a downgrade to its credit rating, even though it avoided losing its ability to make payments on time. Tuesday: Consumer Price Index report for May and NFIB small business optimism index.
Persons: CNN — Stocks, Price, , JJ Kinahan, there’s, Karim El Nokali, Jerome Powell, ” El Nokali, , Joe Biden, Benjamin Jeffery, Patrick Klein, ” Josh Lipsky, it’s, Olivier d’Assier, “ It’s, George Mateyo Organizations: CNN Business, Bell, CNN, Nasdaq, United, Fed, IG North America, Fitch, AAA, BMO Capital Markets, Franklin, GeoEconomics, International Monetary Fund, Treasury Department, US Treasury, Key Private Bank, Federal Reserve Bank of New York Survey, Consumer, Federal Reserve, Federal, University of Michigan Locations: United States, US
Stocks dip, yields rise on rate hike expectations
  + stars: | 2023-04-19 | by ( Chuck Mikolajczak | ) www.reuters.com   time to read: +4 min
The two-year gilt yield was down 0.2 basis points at 3.820% after hitting 3.877%, its highest since March 7. The yield on 10-year Treasury notes was up 3.6 basis points to 3.608% after reaching 3.639%, its highest since March 22. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 7 basis points at 4.269%. The dollar also firmed on Fed hike expectations, showing signs of stabilizing after five straight weeks of declines. The dollar strength, in turn, helped curb crude prices, along with concerns that the Fed rate hikes could dent growth and drag demand.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetail traders 'truly trust' Apple and Microsoft, says IG North America CEO JJ KinahanJJ Kinahan, IG North America CEO, joins 'Squawk Box' to discuss the stocks that will lead the tech sector higher, how Kinahan would characterize the last three sessions, and more.
Stocks gain as yields cool from earlier highs
  + stars: | 2023-03-02 | by ( Chuck Mikolajczak | ) www.reuters.com   time to read: +4 min
[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 2, 2023. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 1.5 basis points at 4.904% after touching a fresh 15-year high at 4.91% earlier in the day. The S&P 500 was trading just above its 200-day moving average, seen as a key support level by traders, after briefly falling below it for the first time since Jan. 25 earlier in the session. Declining issues outnumbered advancing ones on the NYSE by a 1.12-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners. The S&P 500 posted 8 new 52-week highs and 13 new lows; the Nasdaq Composite recorded 64 new highs and 139 new lows.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIG North America CEO: SPX held a 200-day moving average, this is a big point to build onIG North America CEO JJ Kinahan joins 'Squawk Box' to discuss recent investments in the volatility index, if there's any evidence markets are still in an uptrend, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIG North America CEO: There will be an upset in the market if rates stay at 25 bps for longerIG North America CEO JJ Kinahan joins 'Squawk Box' to discuss whether this equity rally is a head-fake, if the Federal Reserve will 'win' this round, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat to watch in earnings: How CEOs see interest rates playing outJJ Kinahan, IG North America CEO, joins CNBC's 'Squawk Box' to discuss bank earnings and overall market expectations.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's no individual stock that leaps out to investors, says IG North America CEOJJ Kinahan, IG North America CEO, joins CNBC's 'Squawk Box' to discuss markets and the state of the retail trader ahead of the open.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should focus on stocks with earnings resiliency, says Morgan Stanley's Sherry PaulJJ Kinahan, IG North America CEO, and Sherry Paul, senior portfolio manager director at Morgan Stanley Private Wealth Management, join CNBC's 'Squawk Box' to break down their investment strategies ahead of the market open.
Reactions to Trump announcing 2024 White House bid
  + stars: | 2022-11-16 | by ( ) www.reuters.com   time to read: +5 min
SINGAPORE, Nov 16 (Reuters) - Donald Trump's aides filed paperwork for his 2024 White House bid on Tuesday as the former president launched a run to regain the title, aiming to pre-empt potential Republican rivals. Republicans are meanwhile closing in on the 218 seats they need to take a majority in the 435-seat House of Representatives. COMMENTS:ANTHONY SCARAMUCCI, FOUNDER, SKYBRIDGE CAPITAL, SINGAPORE (FORMER WHITE HOUSE COMMUNICATIONS DIRECTOR)"You know how you have a zombie that you can’t kill, like in the Night of the Walking Dead? If any one of those other candidates can present themselves with some of the Trump messaging without the Trump drama, there might be opportunities." Neil Young said 'it's better to burn out than fade away'...feels like Trump will go down this time with little glory."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation will come down hard next year, says Federated Hermes' Linda DuesselLinda Duessel, senior equity strategist at Federated Hermes, and JJ Kinahan, IG North America CEO, join CNBC's 'Squawk Box' to discuss markets and their inflation forecasts ahead of the open.
Wall Street awaits midterm vote tallies
  + stars: | 2022-11-09 | by ( ) www.reuters.com   time to read: +6 min
Republicans were favored to win control of the House of Representatives and possibly the Senate, polls and betting markets showed earlier, though it may be hours before all vote tallies are known. read moreCOMMENTS:CHARU CHANANA, MARKET STRATEGIST, SAXO MARKETS, SINGAPORE"The race seems to be closer than expected, especially for the Senate. "That said, if the Republicans take the Senate along with the House that provides a pro-business backdrop for the market." "A Republican win will in generally be positive for equities, but inflationary risk is unlikely to be mitigated nor accelerated." IPEK OZKARDESKAYA, SENIOR ANALYST, SWISSQUOTE BANK"From an investor point of view, a Republican win in both chambers is a good outcome for the stocks.
2 Wall Street awaits midterm vote tallies in upbeat mood
  + stars: | 2022-11-09 | by ( ) www.reuters.com   time to read: +2 min
Wall Street ended higher on Tuesday during voting in midterm elections that will determine control of the U.S. Congress, with investors betting on a political stalemate that could prevent major policy changes. Republicans are favored to win control of the House of Representatives and possibly the Senate, polls and betting markets show, though it may be hours before all vote tallies are known. BROOKS RITCHEY, CO-CIO, K2 ADVISORS"If we get a split Congress, we might have to adjust our portfolios to be less defensive than we are today." JACK ABLIN, CHIEF INVESTMENT OFFICER, CRESSET CAPITAL, CHICAGO"I think the markets are rallying at the prospect of gridlock." Compiled by the Global Finance & Markets Breaking News teamOur Standards: The Thomson Reuters Trust Principles.
3 Wall Street awaits midterm vote tallies in upbeat mood
  + stars: | 2022-11-09 | by ( ) www.reuters.com   time to read: +3 min
The S&P 500 (.SPX) rose 0.56% on Tuesday during voting that will determine control of the U.S. Congress, with investors betting on a political stalemate that could prevent major policy changes. Republicans are favored to win control of the House of Representatives and possibly the Senate, polls and betting markets show, though it may be hours before all vote tallies are known. BROOKS RITCHEY, CO-CIO, K2 ADVISORS"If we get a split Congress, we might have to adjust our portfolios to be less defensive than we are today." JACK ABLIN, CHIEF INVESTMENT OFFICER, CRESSET CAPITAL, CHICAGO"I think the markets are rallying at the prospect of gridlock." Compiled by the Global Finance & Markets Breaking News teamOur Standards: The Thomson Reuters Trust Principles.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should remain underweight on U.S. equity market, says U.S. Bank's Lisa EricksonJJ Kinahan, IG North America CEO, and Lisa Erickson, head of the U.S. Bank Wealth Management public markets group, join CNBC's 'Squawk Box' to break down the latest market action ahead of the open.
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