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Nvidia shares have continued to soar this year, up more than 80%. "We emphasize risk management much more than many growth investors," Shant told CNBC Pro. When should investors sell growth stocks? When asked about the right time to sell a growth company like Nvidia, Shant pointed to the firm's latest research note titled "Buy and Hold Forever?" [As in] they can't actually make enough to meet expectations in that quarter," Shant told CNBC's Squawk Box Friday.
Persons: they've, Raj Shant, Shant, We're, CNBC's, Jennison, Morgan Stanley Organizations: Nvidia, Jennison Associates, CNBC Pro, Global Equity, Novo Nordisk, Norges Bank, Barclays
Fed Chair Jerome Powell also noted that a strong labor market wouldn't deter the central bank from cutting rates. Fundstrat's Tom Lee told CNBC he expects the Russell 2000 to rally 50% . "I think the Russell 2000 represents sort of the best of things to happen when the Fed starts cutting." The small-cap Russell 2000 rose 1.6% this week. The iShares Russell 2000 ETF tracks that index.
Persons: Jerome Powell, Blair Boyer, Boyer, Goldman Sachs, Tom Lee, Russell, , Lee Organizations: Dow Jones, Nasdaq, Federal Reserve, Dow, CNBC, Nvidia, Microsoft, Devices, Visa, Blackwell, JPMorgan, NVIDIA, Fed, GE Vernova, New York Stock Exchange, GE Locations: Jennison
2023's surge in technology stocks fizzled in September as rising rates put a heavy dent in the artificial intelligence-fueled rally . Over the next few weeks, Deepwater Asset Management's Gene Munster is keeping an eye on September's consumer price index and nonfarm payrolls report ahead of the start of big technology earnings later in the month. "The good news is that this should right itself once the September quarter earnings come up." Sean Sun, a portfolio manager at Thornburg Investment Management, likened the earnings season to a "gut check" on AI beneficiaries. But these drawdowns could offer opportunities for long-term investors to snatch up technology bets at bargain prices, said Nancy Tengler.
Persons: what's, behemoths, Street's, Gene Munster, Erika Klauer, Sean Sun, Paul Meeks, Nancy Tengler, Meeks, Klauer Organizations: Nasdaq, Reserve, Enphase, Lucid, ASML, Netflix, Apple, Microsoft, Devices, Nvidia, Tech, Thornburg Investment Management, Laffer, Investments, ServiceNow, Adobe, Broadcom, Oracle, Meta, Jennison, AMD
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Solus' Dan Greenhaus, Wealth Enhancement Group's Nicole Webb and Jennison's Erika KlauerDan Greenhaus, Solus Alternative Asset Management chief strategist, Nicole Webb, senior vice president and financial advisor at Wealth Enhancement Group, and Erika Klauer, technology equity portfolio manager at Jennison Associates, join 'Closing Bell' to discuss the signs of instability in the market.
Persons: Solus, Dan Greenhaus, Nicole Webb, Jennison's Erika Klauer Dan Greenhaus, Erika Klauer Organizations: Asset Management, Jennison Associates
Last week I asked you all a question in the newsletter — Do you own Nvidia stock? One of you even told me you first bought the stock when Nvidia was $16(!) Nvidia is the clear winner in the AI arms race so far. A secretive hedge fund has likely notched a $5 billion gain on Nvidia stock this year. Shares of the company hovered near their biggest single-day spike ever, and the chipmaker credited AI for its upbeat quarterly outlook.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompanies need to surf the A.I. wave or get crushed by it, portfolio manager saysCompanies need to get onboard with AI as it is set to be a big growth area in the next decade, Raj Shant, managing director at asset management firm Jennison Associates, told CNBC.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full post-market discussion with Cantor's Eric Johnston, Hightower’s Stephanie Link and Jennison Associates’ Erika KlauerCantor's Eric Johnston, Hightower’s Stephanie Link and Jennison Associates’ Erika Klauer join 'Closing Bell: Overtime' to discuss the markets after a busy week that featured a new CPI report and the Fed raising interest rates by 50bps.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Virtus' Joe Terranova, Jennison's Erika Klauer and OptionsPlay's Jessica InskipVirtus' Joe Terranova, Jennison's Erika Klauer and OptionsPlay's Jessica Inskip join 'Closing Bell: Overtime' to discuss chasing strength in the market and investment plays in a volatile market.
New York CNN Business —US factories are humming, and manufacturers are scrambling to find workers as the pace of hiring hits levels not seen in decades. Experts say one of the biggest problems manufacturers face in attracting workers is their perception of the nature of the job. Manufacturing remains a male-dominated industry, with only 30% of hourly factory jobs held by women, according to NAM. Today less than 10% of private sector jobs are in manufacturing, compared to more than 40% at the end of World War II. The Labor Department reports the average weekly wage for manufacturing jobs is $1,250, or $65,000 annually — 11% more than private sector jobs overall, and 81% more than retail jobs.
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