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☆ These 4 companies — including one backed by Warren Buffett — can leverage AI with their exclusive data, says fund manager
▼ + stars: | 2024-07-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

AI models, such as OpenAI's ChatGPT or Anthropic's Claude, are built by running complex algorithms on large amounts of data. Khodjamirian, who also manages the Monopolies and Oligopolies ETF , named four stocks that he sees as potential winners: Moody's , S & P Global , MSCI , and Intuit . Moody's Using Moody's as a prime example, the fund manager highlighted the company's extensive database on credit decisions. MCO 5Y line S & P Global and MSCI Similarly, Khodjamirian sees potential in S & P Global and MSCI due to their vast troves of financial and index data. His thesis rests on the idea that as AI use becomes more widespread, the value of software — the AI models — may diminish.

Persons: Yuri Khodjamirian, Claude, Khodjamirian, CNBC's, Moody's, they're, Warren Buffett's Berkshire Hathaway, MCO, Meta, Warren Buffett's Organizations: Tema ETF's, P, Intuit, Facebook, Microsoft Locations: Tema, Moody's

☆ Investors are punishing stocks that miss earnings more than normal this season
▼ + stars: | 2024-07-29 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Companies with disappointing quarterly results are getting punished more than usual this earnings season. This phenomenon underscores the high expectations going into this season as well as a stock market that's viewed by many as overheated. Case in point, shares of Ford Motors plunged more than 18% on Thursday after the automaker came in short of earnings expectations due to warranty costs. "So far this earnings season, the results for many large bellwether companies have been better than the stock reactions," John Belton, portfolio manager at Gabelli Funds, said in an email. Investors will be closely watching this week's earnings slate , which includes Microsoft , Meta Platforms , Apple and Amazon .

Persons: FactSet, Peter Boockvar, Dexcom, John Belton Organizations: Bleakley Financial, CNBC, Ford Motors, JPMorgan Chase, Gabelli, Microsoft, Meta, Apple

☆ 3 reasons why US manufacturing is coming back— and how to invest in a reindustrializing economy
▼ + stars: | 2024-07-28 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

AdvertisementAccording to Osterweis, investors should expect increased cyclicality going forward. Now, with increased investment in AI and several initiatives to revitalize domestic manufacturing, Osterweis believes the US could see a return to shorter expansion periods. AdvertisementInvestors can buckle up for more frequent economic fluctuations by increasing their concentration in quality growth equities. Investing in quality growth businesses not only drives strong returns but also protects against the ups and downs of business cycles. Osterweis also sees AI as a sustainable trend and recommends investors continue holding semiconductor companies.

Persons: —, John Osterweis, Goldman Sachs, Management Offshoring, Osterweis Organizations: Service, Business, Capital Management, Osterweis, Infrastructure Investment, Jobs, Bank of America, Companies, Big Tech, Microsoft, Management, Nvidia, VanEck Semiconductor, Trust Nasdaq Semiconductor Locations: Rust, Mexico, China, East Asia, reindustrialization

☆ How a second Trump administration might risk the investment case for green energy
▼ + stars: | 2024-07-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +9 min

For years, China ramped up green energy production capacity, becoming the global leader in renewable energy manufacturing, from solar to wind to battery. In a second Trump administration, prices for imports from China are likely to surge for green energy producers. The view is that First Solar will benefit the most within the U.S. solar sector from greater trade restrictions, according to Baird. Ultimately, that may curtail the number of green energy startups and private companies that want to go public, Schleif said. "It's been really hard to compete with Chinese companies in any way, shape or form."

Persons: Donald Trump, Trump, Biden, Baird, Ben Kallo, Green, Carol Schleif, Schleif, Joe Biden, Andy Poreda, Tobin Marcus, Wolfe, TAN, Morgan Stanley, Elon Musk's, Advisory's Poreda, Poreda, It's Organizations: P, BMO Family Office, Biden White, Sage Advisory, Republican, Senate, White, Wolfe Research, Republican National Convention, Biden, JPMorgan, Materials Corp Locations: China, U.S, North America, Albemarle

☆ Growth stocks are plenty. Veteran growth investor shares how he picks ones that can double their earnings
▼ + stars: | 2024-07-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Some growth stocks, such as major tech companies, had a mostly good run since the start of 2023, but their performance has been unequal. How does he identify the winners among the huge universe of growth stocks out there? Griffin, who manages the Munro Concentrated Global Growth Fund and the Munro Global Growth Small and Mid Cap Fund, says he focuses on structural earnings growth. There are six qualities that make a "great" growth company which can double their earnings, according to Griffin and Moore. These are the top 10 holdings of the Munro Global Growth fund.

Persons: Nick Griffin, Munro, we'd, Griffin, Kieran Moore, Moore, TSMC Organizations: Munro Partners, CNBC, Fund, Stock

☆ What Kamala Harris' latest financial disclosure reveals about her investment portfolio
▼ + stars: | 2024-07-26 | by ( Lorie Konish | ) www.cnbc.com time to read: +7 min

Harris For President Campaign | Via ReutersFinancial experts describe Vice President Kamala Harris' investment style in one word: Boring. In her role as vice president, Harris filed a public financial disclosure report for 2023, which was signed in May. Carolyn McClanahan, a certified financial planner and founder of Life Planning Partners in Jacksonville, Florida, who also reviewed Harris' financial disclosure, said it makes her "heart sing" to see Harris investing in low-cost passive investment strategies. Since 2020, mortgage rates have increased substantially, which means the couple missed their chance to lock in a low rate for a longer term. McClanahan said she urged everyone to lock in the record low mortgage rates that were available back then.

Persons: Kamala Harris, Barack Obama, Michelle Obama, Harris, Dustin Thackeray, She's, Thackeray, Carolyn McClanahan, McClanahan, Vance, —, Second, Douglas Emhoff, Barry Glassman, Glassman, Cash, Emhoff, it's, Ted Jenkin, Atlanta . Jenkin Organizations: Democratic, Reuters, Crewe Advisors, Planning Partners, CNBC, Finance, GOP, Wealth, CNBC's, Council Locations: U.S, Salt Lake City, Jacksonville , Florida, California, Atlanta .

☆ Beyond Novo and Eli Lilly: Watch these biotech and weight loss drug names, fund manager says
▼ + stars: | 2024-07-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Weight loss drugs have drawn investor interest and shaken up other sectors in the past year or so. Novo Nordisk and Eli Lilly were two early winners of this trend, as their drugs dominate the weight loss drug market. Yuri Khodjamirian, fund manager at Tema ETFs, said both companies are a "very powerful duopoly." They're a lot more risky than the bigger ones who already have drugs on the market," Khodjamirian said. Tema ETFs offers actively managed exchange-traded funds, with a focus on health care and life sciences.

Persons: Eli Lilly, Yuri Khodjamirian, Goldman Sachs, Khodjamirian, Roche Organizations: Novo Nordisk, Tema, CNBC, Zealand Pharma, Viking Therapeutics, Tema Oncology, Mental Health Locations: Tema

☆ Stock market today: Dow soars 654 points as traders celebrate inflation data
▼ + stars: | 2024-07-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Encouraging inflation data stoked optimism that the Federal Reserve can cut interest rates in September. That changed Friday, as encouraging inflation data injected new life into the rally. Advertisement"Next week we expect [Fed Chair Jerome] Powell to set the table for future rate cuts, speaking confidently about progress bringing inflation down. According to the CME FedWatch Tool, the market no longer expects the Federal Reserve to keep rates steady in September. The market also forecasts high chances that the Fed will slash rates by up to 75 basis points through December.

Persons: Russell, —, Jerome, Powell, David Donabedian, Chris Zaccarelli, Dexcom Organizations: Federal, Service, PCE, CIBC Private Wealth, Reserve, Independent, Alliance Locations: Here's, –

☆ Fed needs to calibrate lower rate in response to slowing growth, says Morgan Stanley's Brian Weinstein
▼ + stars: | 2024-07-25 | 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 EmailFed needs to calibrate lower rate in response to slowing growth, says Morgan Stanley's Brian WeinsteinRichard Bernstein, CEO and chief investment officer at Richard Bernstein Advisors; Brian Weinstein, head of global markets at Morgan Stanley Investment Management; and CNBC's Steve Liesman join 'The Exchange' to discuss expectations for Fed rate cuts, market outlooks, and more.

Persons: Morgan, Brian Weinstein Richard Bernstein, Richard Bernstein, Brian Weinstein, Steve Liesman Organizations: Fed, Richard, Richard Bernstein Advisors, Morgan Stanley Investment Management

☆ Hatfield: Recommend value and dividend-paying stocks to hedge against volatility
▼ + stars: | 2024-07-25 | 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 EmailHatfield: Recommend value and dividend-paying stocks to hedge against volatilityJayfield, Chief Investment Officer of InfraCap, discusses market rotation, the stock sell-off, and inflation.

☆ Watch CNBC's full interview with Brian Weinstein, Richard Bernstein, & Steve Liesman
▼ + stars: | 2024-07-25 | 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 EmailWatch CNBC's full interview with Brian Weinstein, Richard Bernstein, & Steve LiesmanRichard Bernstein, CEO and chief investment officer at Richard Bernstein Advisors; Brian Weinstein, head of global markets at Morgan Stanley Investment Management; and CNBC's Steve Liesman join 'The Exchange' to discuss expectations for Fed rate cuts, market outlooks, and more.

Persons: Brian Weinstein, Richard Bernstein, Steve Liesman Richard Bernstein, Steve Liesman Organizations: Richard, Richard Bernstein Advisors, Morgan Stanley Investment Management

☆ How stocks perform historically on presidential election years — and why this year is different
▼ + stars: | 2024-07-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +5 min

As for sectors, financials has seen the highest average annual returns in presidential election years at about 11%. Comerica data shows health care gains just under 6% during presidential election years. The sector has also lagged the S & P 500 in two of the last three presidential election years. What's different this time The biggest difference between 2024 and other presidential election years is the S & P 500's massive year-to-date gains. Tech, for example, is up 25% in 2024, outperforming its historical averages for a presidential election year.

Persons: Donald Trump, Joe Biden, Biden, Kamala Harris —, Harris, John Lynch, Quincy Krosby, Consumer Staples, Comerica's Lynch, Lynch, Riley, Art Hogan, Hillary Clinton – Organizations: Democratic, Biden, Trump, CNBC, Comerica Wealth Management, Energy, Comerica, Technology, Tech, Health, Consumer, Riley Wealth Locations: Washington, Strategas

☆ Two strategists discuss where markets go from here following stocks' worst day since 2022
▼ + stars: | 2024-07-25 | 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 EmailTwo strategists discuss where markets go from here following stocks' worst day since 2022Peter Boockvar, Chief Investment Officer of Bleakley Financial Group, and Phillip Colmar, Managing Partner and Global Strategist at MRB Partners, discuss the markets' steep sell-off yesterday.

Persons: Peter Boockvar, Phillip Colmar Organizations: Bleakley Financial, MRB Partners

AdvertisementSpeed and ease — that's how generative AI is changing the game for finance professionals. In a survey of 780 banking and capital-markets employees by Accenture Research, 62% of respondents expect generative AI to increase people's stress and burnout. "Employees with AI skills will replace people without AI skills," Andrew Chin, the chief AI officer at the $759 billion money manager AllianceBernstein, told BI. AdvertisementA data scientist at a midsize hedge fund told BI that generative AI models are a "superpower for coders." The firm's ultimate aim is to use generative AI to replicate the success of its best bankers for all advisors.

Persons: Christina Melas, Rowe Price's Sébastien, Eric Burl, Alyssa Powell, Thomas H, Lee, Keri Smith, Smith, Ken Griffin, They've, Goldman Sachs, Marco Argenti, Argenti, It's, I've, drudge, Andrew Chin, AllianceBernstein, Lisa Donahue, Donahue, Jobs, who's, He's, he'd, ChatGPT, Accenture's Smith Organizations: Bain Capital Ventures, Management, Business, Bain Capital, Man Group, Accenture Research, Finance, Wall Street, Blackstone, Sigma, Citadel, Milken Institute Global Conference, Excel, Accenture, Northern Trust, Citibank, Citi, JPMorgan Locations: New York City, New York

☆ Stock futures rise after S&P 500, Nasdaq post worst day since 2022: Live updates
▼ + stars: | 2024-07-24 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on July 24, 2024 in New York City. Stock futures rose Wednesday night after a sharp tech-driven sell-off dragged the Nasdaq Composite and the S&P 500 to their worst session since 2022. S&P 500 futures rose 0.2%, while Nasdaq 100 futures advanced 0.3%. In after-hours trading, Ford Motor shares tumbled about 10% after the company's second-quarter earnings came in much lower than analysts had expected. More than 25% of companies in the S&P 500 have reported their second-quarter earnings, according to FactSet data.

Persons: Chipotle, ServiceNow, Yung, Yu Ma, Ma Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Ford Motor, IBM, Nvidia, Microsoft, BMO Wealth Management, American Airlines, Northrop Grumman, Honeywell, Hasbro Locations: New York City, Stock

☆ Buy and hold these 5 attractively valued growth stocks for the next decade, the pros say
▼ + stars: | 2024-07-24 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Growth stocks have been rallying for most of this year, though they've been volatile recently. Investors rotated out of mega-cap tech stocks for smaller names last week, as expectations of rate cuts in September grow. But overall, growth stocks have still gained this year, with the large-cap Vanguard Russell 1000 Growth ETF still up nearly 20% this year. What are some of such stocks that are still attractively valued that investors can buy and hold for the next 10 years? CNBC Pro asked fund managers and other investors who focus on growth stocks for some ideas.

Persons: Russell, Deere, Big Tech Nick Griffin, it's Organizations: CNBC Pro, Carnegie Investment, Deere, Mastercard, Visa, Big Tech, Munro Partners, Microsoft

☆ Kang: Alphabet can combat slowdown in ads with strength in YouTube and the cloud
▼ + stars: | 2024-07-23 | 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 EmailKang: Alphabet can combat slowdown in ads with strength in YouTube and the cloudNimrit Kang, Chief Investment Officer and Senior Portfolio Manager at NorthStar Asset Management, discusses her expectations for Alphabet's earnings report.

Persons: Kang Organizations: YouTube, NorthStar Asset Management

☆ Lerner: Markets are at an inflection point with stocks near key support levels
▼ + stars: | 2024-07-23 | 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 EmailLerner: Markets are at an inflection point with stocks near key support levelsKeith Lerner, Co-Chief Investment Officer and Chief Market Strategist at Truist, discusses the markets' next catalyst.

Persons: Keith Lerner Organizations: Lerner

☆ Alphabet set to report Q2 earnings results after the bell
▼ + stars: | 2024-07-23 | by ( Jennifer Elias | ) www.cnbc.com time to read: +5 min

Google parent company Alphabet is set to report its second-quarter earnings Tuesday after the market closes. They expect modest growth in key areas such as cloud and overall revenue, after a quarter of leadership moves, AI announcements and market expansions. During the second quarter, Alphabet saw a number of expansion updates, including for its self-driving car unit Waymo, which opened its service to all San Francisco users. Reid urged employees to continue pushing AI products, suggesting they can fix mistakes as users and employees find them. Alphabet also announced a new finance chief, Anat Ashkenazi, who came from Eli Lily, the world's most valuable drugmaker.

Persons: Sundar Pichai, Barack Obama, America's, Liz Reid, Reid, Anat Ashkenazi, Eli Lily, Ashkenazi, Ruth Porat Organizations: Google, LSEG Revenue, TAC, CNBC Locations: Francisco, Phoenix, India, Mexico

☆ These 2 stocks and an ETF will gain whoever wins the U.S. election, says fund manager
▼ + stars: | 2024-07-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As the United States presidential election nears, there's one key theme that's expected to continue regardless of who wins: the reshoring of American manufacturing . Tema ETFs runs the actively managed American Reshoring ETF (ticker RSHO), designed to take advantage of this trend. "The American reshoring fund is built on the foundation that the world's not getting any safer. However, the fund manager cautioned that there could be challenges in hiring skilled labor due to the decline in the United States semiconductor manufacturing industry over the years. TSM 5Y line While TSMC is less than 1% of the American Reshoring ETF, Clean Harbors is a top 10 holding with 4.71% allocated.

Persons: Yuri Khodjamirian, CNBC's, PFAS —, Khodjamirian Organizations: United, Republicans, Democrats, Tema, American, Harbors, Clean Harbors, Taiwan Semiconductor, ETF Locations: United States, Tema, North America, Arizona

☆ How the hedge fund superstar went extinct
▼ + stars: | 2024-07-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

But for now, we're examining how the hedge fund superstar has gone extinct . The big storySo long, superstarGetty Images; Alyssa Powell/BIWhere have all the hedge fund superstars gone? AdvertisementIn years past, even rubbing shoulders with a legendary hedge fund manager was enough for aspiring fund managers to raise capital. Meanwhile, the hedge fund industry has also evolved. Aaron Weiner, a 31-year-old from Coatue, got a multibillion-dollar check from Millennium for his to-be-launched hedge fund .

Persons: —, Kamala Harris, Harris, Alyssa Powell, Insider's Linette Lopez, Julian Robertson, Griffin's, Izzy Englander's, Goldman Sachs, Jared Siskin, Bobby Jain, it's, Aaron Weiner, Jonathan Xiong's, Maja Hitij, Carl Godfrey, Apple, Sam Altman's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Democratic, Democratic Party Convention, Business, Getty, Management, Goldman, Madison, Park Conservancy, Citadel, Credit Suisse, Jain, ExodusPoint, Investment Partners, Blackstone, Elon Musk's, Big Tech, Bank of America, BI Founders, Forge, Apple, Google, General Motors Locations: Venture, Wall, Park, Coatue, Miami, London, New York

☆ Alphabet moves past early stumbles in AI to deliver positive story to investors
▼ + stars: | 2024-07-23 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

Strong numbers in the company's search and cloud businesses more than offset the slight misses in the YouTube and network units. Cloud recorded a couple of big firsts: exceeding $10 billion in revenue, along with $1 billion in operating income. Whereas investors were — and many still are — concerned about what generative AI might mean for Alphabet's search revenue, the opposite appears to be the case, at least for now. Google Cloud revenue grew roughly 28% to more than $10 billion for the first time. Strong numbers in the company's search and cloud businesses more than offset the slight misses in the YouTube and network units.

Persons: we're, capex, Sundar Pichai, Pichai, Philipp Schindler, Schindler, Ruth Porat, Eli Lilly, Anat Ashkenazi, Jim Cramer's, Jim Cramer, Jim, Loren Elliott Organizations: YouTube, Microsoft, Club, Nvidia, Lens, CTV, Nielsen, Google, buybacks, CNBC, Government, Society, Calif, Bloomberg, Getty, Meta Locations: That's, U.S, Stanford

☆ U.S. market volatility to ramp up ahead of election, Nuveen CIO says
▼ + stars: | 2024-07-23 | 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 EmailU.S. market volatility to ramp up ahead of election, Nuveen CIO saysSaira Malik, chief investment officer at Nuveen, says stock market volatility is set to increase in the run up to the U.S. presidential election. She also weighs in on the sectors most likely to gain from a Republican or a Democrat win.

Persons: Saira Malik Organizations: U.S, Republican, Democrat

☆ Spot ether ETFs are set to trade Tuesday. Here’s what it means for the Ethereum blockchain
▼ + stars: | 2024-07-23 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

There are already ether ETFs that track futures contracts, but these are the first to track spot ether. Spot ether ETF applications Grayscale Ethereum Mini Trust (ETH)Grayscale Ethereum Trust (ETHE)Bitwise Ethereum (ETHW)VanEck Ethereum (ETHV)21Shares Core Ethereum (CETH)Invesco Galaxy Ethereum (QETH)Fidelity Ethereum (FETH)Franklin Ethereum (EZET)iShares Ethereum Trust (ETHA) Like the spot bitcoin ETFs that launched in January, most are waiving fees initially — in many cases for up to a year. By the standards of ETF launches, spot bitcoin ETFs have been a success: They recently topped $17 billion in net flows year to date since their debut. Bitcoin prices rose going into the launch of spot bitcoin ETFs. (Ether is the cryptocurrency used in the Ethereum network, but in practice the terms Ethereum and ether are often used interchangeably.)

Persons: Bitwise, VanEck, Franklin Ethereum, iShares, bitcoin, Ben Johnson, Morningstar's, Matt Hougan, Johnson, Morningstar Organizations: Nurphoto, Fidelity, U.S . Securities, Exchange, SEC Locations: Washington

☆ Ether ETFs appear set to launch on Tuesday, six months after massive debut for bitcoin funds
▼ + stars: | 2024-07-22 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The U.S. Securities and Exchange Commission appears to have given the green light for exchange-traded funds that hold ether , the world's second-largest cryptocurrency. It approved rule changes for exchanges to list ether funds in May. Some of the companies that have been vying to launch ether funds include massive asset managers such as BlackRock, Fidelity and VanEck. The ether ETFs come about six months after the launch of bitcoin ETFs, which saw some of the most successful debuts in the industry's history. The ether funds are not expected to be as popular as the bitcoin funds, in part because the total market for ether is roughly one-fourth the size of the leading cryptocurrencies.

Persons: Matt Hougan, doesn't, Hougan Organizations: U.S . Securities, Exchange Commission, SEC, Fidelity, VanEck, Trust, ETF, Bitwise Locations: BlackRock, U.S

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