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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRecent data has confirmed Fed Chair Powell's dovishness, says Fundstrat's Mark NewtonMark Newton, Fundstrat global head of technical strategy, joins 'Squawk Box' to discuss the latest market trends, technical trends, state of the economy, Treasury yields outlook, and more.
Persons: Powell's dovishness, Fundstrat's Mark Newton Mark Newton
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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPower panel on key drivers behind the S&P 500's historic march to 5,000Mark Newton, Global Head of Technical Strategy at Fundstrat, and Stephanie Link, Chief Investment Strategist at Hightower, discuss the S&P breaking above the 5,000 mark for the first time ever.
Persons: Mark Newton, Stephanie Link, Hightower Organizations: Global
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
Chart analysts are optimistic on the price of gold as the metal tests a ceiling that has previously capped gains. Spot gold has traded around the closely-watched $2,000 level in recent days for the first time since May. And, if previous highs can be surpassed, "we do think it's got some room to run here." That's based on analysis of previous movement in the gold chart to estimate how high the metal could go in the near term. Cappelleri, meanwhile, is first watching $2,180 after previous highs, based on a technical analysis of measured moves.
Persons: Thomas DiFazio, it's, Katie Stockton, Frank Cappelleri, Cappelleri, DiFazio, Mark Newton, Newton, It's Organizations: Bank of Japan Locations: Israel
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 market recovery from last week's lows could be an indication that a market bottom is in place, according to Fundstrat Global Advisors. "While some might see this as 'jumping the gun,' I do feel like there's a good likelihood that Equity market lows could be in place after the constructive bounce in recent days," wrote Mark Newton, the firm's head of technical strategy. Newton pointed to several reasons for this, including: Strong tech returns relative to the S & P 500 . Bank of America's Stephen Suttmeier also noted that the fourth quarter is usually a good one for the S & P 500, increasing the likelihood of the broader market index doing well going forward. Going forward, the next test for the S & P 500 comes near the 4,400 to 4,450 range, as investors work their way through oversold conditions, according to Rob Ginsberg of Wolfe Research.
Persons: Mark Newton, Newton, . Bank of America's Stephen Suttmeier, Suttmeier, Rob Ginsberg, Wolfe, — CNBC's Michael Bloom Organizations: Fundstrat Global Advisors, . Bank of America's, Wolfe Research
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
Thursday's sell-off is a buying opportunity as key support levels remain in place, according to Fundstrat. Stocks closed sharply lower on Thursday after the market failed to maintain the momentum from much stronger-than-expected earnings out of Nvidia. The S & P 500 initially popped before ending the day down 1.35% — it's biggest one-day loss since Aug. 2. "Bottom line, Thursday's reversal wasn't severe enough to call for a pullback to new monthly lows," Newton said. "Moreover, I'm still expecting that U.S. Equity markets can move higher after Thursday's reversal, which might allow for a brief move above SPX-4500 before any additional weakness gets underway."
Persons: Thursday's, Mark Newton, Newton, I'm Organizations: Nvidia, . Equity
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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWall Street previews highly-anticipated Nvidia earnings. How the pros are playing the stockMark Newton of Fundstrat, Hans Mosesmann of Rosenblatt Securities, Josh Brown of Ritholtz Wealth Management, Brian Belski of BMO Capital Markets and Lee Munson of Portfolio Wealth Advisors discussed Nvidia as the chipmaker prepares to announce its much-anticipated second-quarter earnings Wednesday.
Persons: Mark Newton of Fundstrat, Hans Mosesmann, Josh Brown, Brian Belski, Lee Munson Organizations: Rosenblatt Securities, Ritholtz Wealth Management, BMO Capital Markets, Nvidia
The consumer price index report out Thursday is supportive of a soft landing. We'll see if it turns around this recent swoon in the stock market. There's an old saw on Wall Street: in corrections it takes a lot longer to lose the first 5% because people buy the dip. The macro data (China excepted), including today's CPI, has been supportive of the soft landing. There's a huge swath of investors that seem perfectly happy to collect 5% yields on their 1-year Treasuries, market rally be damned.
Persons: it's, Chris Murphy, Eric Johnston, Cantor Fitzgerald, Cash, Johnston, Anthony, Webull, Mark Newton, Fundstrat Organizations: Susquehanna International Group, CPI, Nvidia, Microsoft Locations: China
Even as the stock market continues to surge more than 25% from its mid-October low, some investors are expecting a correction. These are eight warning signs investors should monitor for a potential stock market sell-off, according to Fundstrat. For those investors, Fundstrat technical analyst Mark Newton highlighted the top warning signs to monitor to gauge whether a stock market correction is imminent. These are the eight warning signs investors should monitor to gauge whether a stock market correction is imminent, according to Fundstrat. So far this year, the mega-cap tech stocks have driven a bulk of the gains in the stock market.
Persons: Mark Newton, , Newton, REITS, Tom Demark Organizations: Service, Utilities, Staples Locations: Fundstrat
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.
The stock market could become "untouchable" if the regional banking crisis continues to spiral out of control. "This raises too many tail risk issues including credit tightening, commercial real estate, and wide economic implications," Lee said. Lee's cause for concern about the banking crisis and the chilling effect it could have on the stock market is based on the type of risks that could percolate if the instability continues. "This raises too many tail risk issues including credit tightening, commercial real estate and wide economic implications," Lee explained. The SPDR S&P Regional Banking ETF surged more than 6% on Friday, suggesting that the regional banking crisis could ultimately be contained without spilling over into a bigger problem for the stock market.
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 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.
Technical indicators such as equity price movement largely show stocks are poised to continue a rally that has seen the S&P 500 climb 8% year-to-date, analysts who track them said. TECHNICALLY SPEAKINGThe S&P 500 (.SPX) has traded in a 9.7 percentage point range year-to-date, its narrowest range for comparable periods since 2017. Johnson, who has a year-end S&P 500 target of 4,625, is encouraged by the reversals in downtrends for many U.S. stock indexes. The S&P 500 has traded higher 83% of the time for the full year, returning an average 13.73%, when it hasn't dropped below the preceding year’s December low in the first quarter, a Piper Sandler analysis showed. The S&P 500 is trading at about 18 times 12-month forward earnings estimates compared to its long-term average P/E of 15.6 times, according to Refinitiv Datastream.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFundstrat's Newton calls for equity pullback that's 'minor in scope'Mark Newton, Fundstrat global head of technical strategy, joins the 'Halftime Report' to discuss why he believes there will be a pullback in equities, where the market goes after retesting the October lows and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRecession potentially could be postponed but can't be avoided completely: Fundstrat’s Mark NewtonMark Newton, Fundstrat global head of technical strategy, joins ‘Closing Bell’ to discuss his take on energy, which he thinks could bottom soon, why recession could not be avoided and more.
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.
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