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Here are the 6 stocks that rise when Nvidia shares fall
  + stars: | 2024-04-19 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Six stocks in the S & P 500 rise often whenever Nvidia shares fall, according to a CNBC Pro analysis. A correlation of 0 would indicate no statistical link between Nvidia's stock and the share price of the six companies. Correlated returns also do not indicate causation or guarantee future returns or price action patterns. The below table highlights the 10 stocks in the S & P 500 with the strongest inverse correlation with Nvidia's share price. Trivariate Research's Adam Parker also named eight steady growth stocks that could replace Nvidia if investors are concerned that they are overexposed to it.
Persons: Jack Daniel's, Brown, Forman, Henry Schein, Katie Stockton, Trivariate Research's Adam Parker Organizations: Nvidia, CNBC, Electronic Arts, CNBC Pro Locations: U.S, lockstep
Investors who are concerned they're overexposed to Nvidia could replace the name with these steady growth stocks instead, according to Trivariate Research's Adam Parker. "If NVDA reports that demand is still robust as far as the eye can see, owning AI-exposed semiconductors remains prudent," Parker said. "For those looking to hedge their aggressive AI-semiconductor bets, this group appears prudent," Parker wrote. Berkshire Hathaway surfaced as a large cap growth stock with low correlation to Nvidia , that's also able to beat the market. Charles Schwab was another large cap growth stock with low correlation to Nvidia.
Persons: Trivariate Research's Adam Parker, Parker, Berkshire Hathaway, that's, Eli Lilly, Charles Schwab Organizations: Nvidia, Citi, Waste Management, Emerson Locations: Berkshire
Gains from the so-called 'Magnificent 7' stocks and the S & P 500 haven't been as sweet as expected in the third quarter. After a strong outperformance to start the year, the S & P 500 is flat for the quarter, while names like Apple and Microsoft are headed for quarterly losses. But there's still a way to play the group, comprised of Nvidia , Meta Platforms , Amazon , Microsoft, Apple, Alphabet and Tesla , according to Trivariate Research's Adam Parker. Parker expects the Big 7 stocks to continue faring well even if recent inflationary concerns endure, noting that the group is seen as including the prime beneficiaries of the widespread application of artificial intelligence and has seen better earnings revisions than other areas of the market. — CNBC's Michael Bloom contributed reporting
Persons: there's, Trivariate Research's Adam Parker, Morgan Stanley, Parker, — CNBC's Michael Bloom Organizations: Apple, Microsoft, Nvidia, Meta
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Trivariate Research's Adam ParkerAdam Parker, Trivariate Research founder, joins 'Squawk on the Street' to discuss AI regulation and how the technology will affect stocks.
Persons: Trivariate Research's Adam Parker Adam Parker Organizations: Trivariate Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil is going higher because growth is beating expectations, says Hightower's Stephanie LinkTrivariate Research's Adam Parker and Hightower's Stephanie Link join 'Closing Bell' to discuss earnings expectations moving to the upside, concerns over high bond yields and elevated oil prices and whether or not Apple is expensive given it's growth potential.
Persons: Stephanie Link Trivariate Research's Adam Parker, Hightower's Stephanie Link
Dow Jones Industrial Average futures slid by 75 points, or 0.2%. S&P 500 and Nasdaq-100 futures dipped 0.3% and 0.4%, respectively. Of the S&P 500 companies that have reported, about 82% have posted positive surprises, according to FactSet data. Brands and Humana are set to report earnings before the open Wednesday. Economists polled by Dow Jones expect a 175,000 increase, which would be lower than the 497,000 rise in the prior month.
Persons: Fitch, Adam Parker, CNBC's, Parker, Dow Jones, , Darla Mercado Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Fitch, AAA, SolarEdge Technologies, Dow Jones, Dow, CVS, Brands, Humana, Traders Locations: New York City . U.S
What works best after the Fed pauses rate hikes
  + stars: | 2023-05-15 | by ( Michelle Fox | ) www.cnbc.com   time to read: +2 min
According to Trivariate Research's Adam Parker, that is emerging markets, technology stocks and real estate. The central bank, which has been increasing interest rates to combat inflation, hinted earlier this month its tightening cycle may be at its end. To evaluate the asset classes and sectors that should rally off the policy shift, Parker looked at 50 years of fed fund rates and identified periods where the central bank paused. Investors looking to play emerging markets can look at the iShares MSCI Emerging Markets ETF . To play a potential rebound in the sector, investors can look at the Real Estate Select Sector SPDR Fund .
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrowth investors definitely do not want to be short A.I., says Trivariate Research's Adam ParkerAdam Parker, Trivariate Research founder and CEO, joins 'Squawk on the Street' to discuss stocks with growth performance, investing in A.I. development infrastructure, and how the regional banks will recover from the banking crisis.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOnly 20 names are driving the tech equity rally, says Citi's Kristen BitterlyKristen Bitterly of Citi Global Wealth and Trivariate Research's Adam Parker join 'Closing Bell' to discuss tech as a defensive call, the leaders in the tech rally, and recessionary resilience.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI think the Fed should pause right now, says Trivariate Research's Adam ParkerTrivariate Research's Adam Parker joins 'Closing Bell' to discuss whether we're out of the woods after last week's banking crisis and what the Fed is likely to do given recent CPI data and the collapse of SVB.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou don't want the Fed to get dovish, because it means things are bad, says Trivariate Research's Adam ParkerTrivariate Research's Adam Parker joins 'Squawk on the Street' to discuss his thoughts on equities, the Fed and the breaking news on SBV Financial.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2-year notes an attractive alternative to equities, says Trivariate Research's Adam ParkerTrivariate Research Founder and CEO Adam Parker joins 'Closing Bell' to discuss the risk of a position disconnect and bonds becoming an attractive alternative to equities.
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 26, 2023 in New York City. Stock futures rose slightly in overnight trading as the S&P 500 looks to cap off its best January since 2019. Futures tied to the S&P 500 added 0.26%, while futures connected to the Dow Jones Industrial Average inched 0.15%, or 49 points, higher. During regular trading the Dow declined 260.99 points, or 0.77%, while the S&P and Nasdaq Composite fell 1.30% and 1.96%, respectively. As of Monday's close, the S&P and Dow are up 4.64% and 1.72% in January, respectively, and headed for their third positive month in four.
As investors worry about greater market volatility looming in 2023, Trivariate Research offers up some cheap, quality stocks that can be used to play defense. Yet investors struggle to find attractive stocks that are traditionally defensive, according to Trivariate Research. One way investors can find some attractive defensive names would be to look for cheap, quality stocks with low volatility. Pfizer is a defensive stock that is compellingly valued, according to the screen. Meanwhile, Check Point Software Technologies also looks like cheap quality, and was the only technology stock that met Trivariate's criteria, with a 0.63 beta.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full Netflix earnings discussion with Trivariate's Adam Parker, Odyssey's Jason Snipe and Hightower's Stephanie LinkNetflix stock jumps after subscriber beat. Trivariate Research's Adam Parker, Jason Snipe from Odyssey Capital Advisors and Stephanie Link of Hightower Advisors join 'Closing Bell: Overtime' to discuss Netflix earnings and the impact on the markets.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoftware will outperform this year, says Trivariate Research's Adam ParkerAdam Parker, Trivariate Research founder, joins 'Closing Bell: Overtime' to discuss his market outlook for sectors he expects to do well in the second half of 2023.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Trivariate Research's Adam ParkerAdam Parker, Trivariate Research, joins 'Squawk on the Street' to discuss what good news is for the markets right now, if his views have changed in the last few weeks and why the economy may not be on a V-shaped recovery path.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full post-market discussion with Trivariate's Adam Parker, Citi’s Kristen Bitterly and Wealth Enhancement Group’s Nicole WebbTrivariate Research's Adam Parker, Citi Global Wealth’s Kristen Bitterly and Wealth Enhancement Group’s Nicole Webb, join 'Closing Bell: Overtime' to discuss the China protests and their potential impact on global markets.
Traders work on the floor of the New York Stock Exchange (NYSE), September 6, 2022. U.S. stock futures were flat on Monday night after the major averages came under pressure from Covid protests in China, and as investors anticipated more economic data and commentary from Federal Reserve leaders this week. Growing frustration in mainland China over the country's zero-Covid policy weighed on markets around the world. On Monday, West Texas Intermediate crude futures briefly fell to their lowest point since last December. Fed Chair Jerome Powell is scheduled to speak at the Hutchins Center on Fiscal and Monetary Policy at Brookings on Wednesday.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full discussion after today's market close, with Adam Parker, Brenda Vingiello and Emily RolandTrivariate Research's Adam Parker joins 'Closing Bell: Overtime' to discuss the markets and where he expects things to go after the midterms and ahead of the next Fed meeting. CPI trumps midterms, he believes. With Brenda Vingiello of Sand Hill Global Advisors and Emily Roland of John Hancock.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe soft-landing narrative has been picking up, says Trivariate's ParkerTrivariate Research's Adam Parker joins 'Closing Bell: Overtime' to discuss the markets and where he expects things to go after the midterms and ahead of the next Fed meeting. CPI trumps midterms, he believes.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInventory is the KPI for this quarter, says Trivariate Research's Adam ParkerAdam Parker, Trivariate Research CEO, joins 'Squawk on the Street' to discuss positioning and sentiment rallies, the concerns around volatility, and anticipations for equities going forward.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed's going continue to be hawkish, says Trivariate's Adam ParkerTrivariate Research's Adam Parker joins 'Closing Bell: Overtime' to discuss today's market activity and where he sees stocks heading from here.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full post-market discussion with Adam Parker, Katerina Simonetti & Brenda VingielloTrivariate Research's Adam Parker joins 'Closing Bell: Overtime' to discuss today's market activity and where he sees stocks heading from here. With Katerina Simonetti of Morgan Stanley and Brenda Vingiello of Sand Hill Global Advisors.
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