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Chartmaster David Keller shared the three biggest risks facing the market right now. The S&P 500 may struggle to break past technical resistance of 4,200 and 4,300. He predicted that if the VIX rises to 20, the S&P 500 would fall to a vital support level of 3,800. The percentage of S&P 500 stocks trading above their 50-day moving average (in green) has fallen below 50% recently. David Keller, StockCharts.comPoor market breadth should be a serious concern for investors, Keller said.
New York CNN —With Microsoft, Alphabet, Amazon and Meta Platforms all slated to report earnings this coming week, investors are turning their attention away from bank earnings to Big Tech. Another major theme for tech earnings is the race toward artificial intelligence. Earnings reports from Meta Platforms (META), Boeing (BA) and ServiceNow (NOW). Earnings reports from Amazon (AMZN), MasterCard (MA), T-Mobile (TMUS), Keurig Dr Pepper (KDP) and Capital One (COF). Earnings reports from Exxon Mobil (XOM), Chevron (CVX), Colgate-Palmolive (CL) and New York Community Bancorp (NYCB).
Three-Stock Lunch: AT&T, American Express and DR Horton
  + stars: | 2023-04-20 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: AT&T, American Express and DR HortonLee Munson, Portfolio Wealth Advisors president and CIO, joins 'Power Lunch' to discuss Munson's investing take on three stocks: Stocks making the biggest moves premarket: AT&T, American Express and DR Horton.
The iShares U.S. Home Construction ETF climbed Tuesday with shares of the country's largest home builders rising. Home construction fell 0.8% to a 1.42 million annualized rate, with a decline in construction starts of multifamily units. Despite the weakness in housing data, Bespoke outpointed that housing stocks have been rallying, pushing the ITB ETF close to 52-week highs. The ETF and housing starts data have tended to track each other over the past ten years. "They usually say the market looks six months forward, but in the case of housing stocks and housing data, recently it's been more like five," it said.
Corporate earnings won't have to share the spotlight with major inflation data in the week ahead as they did during this past week's up-and-down market. From Morgan Stanley, we suspect Friday's bank earnings foreshadow a good release. This past week, we spoke about the importance of listening to what industry players aside from those you're invested in as a way to analyze the competitive landscape. Here are some of those other earnings reports and the economic numbers out in the week ahead. Club trades of the week We made just one trade this past week, in a market that was overbought , purchasing 25 shares of Palo Alto Networks (PANW).
I think the industrial uses, the medical uses, the auto uses, the educational uses and the call center uses are front and center here. Multiple price target boosts for this Club stock. Increases price target to $154 per share from $100. Truist analysts increase price target to $20 per share from $15. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, according to Mortgage News Daily. That sent bond yields higher, and mortgage rates follow loosely the yield on the 10-year Treasury. Mortgage rates peaked in October with the 30-year fixed at 7.37% and have been sliding since then. Stocks of the nation's homebuilders have been on a tear since rates started to fall back and several are seeing 52-week highs today. Both builders reported seeing renewed buyer interest in December, attributing that to lower mortgage rates.
Morning bid: Tech tonic, recession rethink
  + stars: | 2023-01-24 | by ( ) www.reuters.com   time to read: +5 min
Pumped-up hopes for U.S. tech sector earnings in a heavy week for corporate updates generally have twinned with the latest sign Europe may have dodged a winter recession. With Microsoft in view, attention will be on the extent for cost cutting and job shedding in the tech and digital space. Music-streamer Spotify (SPOT.N) rose 2% on Monday as it joined a growing list of tech firms to announce staff cuts, shedding 6% of its workforce. Reports of Ford's F.N plan to cut 3,200 workers in Europe shows job attrition may not be confined to tech sector. Whether that's just too rosy and markets have yet to price a full-blown earnings recession is this year's big question.
Did the economy end 2022 with a bang or a whimper?
  + stars: | 2023-01-22 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +7 min
But the United States economy still seems to be chugging along just fine after experiencing a hiccup in the first half of 2022. Despite worries about weaker consumer spending during the holidays, economists are forecasting solid growth for the fourth quarter. Yearning for earningsMore blue chip companies will report fourth quarter results (and perhaps give guidance about the first quarter of 2023 and beyond) this week. But according to FactSet senior earnings analyst John Butters, earnings for the tech sector are expected to fall nearly 10% in the fourth quarter compared to the fourth quarter of 2021. Verizon (VZ), Johnson & Johnson (JNJ), Travelers (TRV), 3M (MMM), Boeing (BA), Dow (DOW), Visa (V), Chevron (CVX) and American Express (AXP).
Within the portfolio, we'll get the latest earnings from Danaher (DHR), Halliburton (HAL), and Johnson & Johnson (JNJ) on Tuesday before the opening bell. While the results will be important as always, we are most interested in the earnings call with analysts and investors. Housing Starts fell 1.4% in December to a seasonally adjusted annual rate of 1.38 million, slightly above the 1.36 million expected. Building permits dropped 1.6% in December to a seasonally adjusted annual rate of 1.33 million, below expectations of 1.37 million. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Residential builders are feeling the pinch of higher financing costs of their own. He estimated that, in aggregate, developers like him would decrease production by 10% to 20% this year, in a potentially devastating setback for affordable housing. "The failure to act is only made clear a few years later, given the timeline of real-estate development," he said. "In a couple of years from now, we're going to look back and say this was a missed opportunity" to close the affordable housing gap. "Financing can be very targeted towards affordable development and can be subsidized much more aggressively," he said.
Mortgage rates fell sharply Thursday after a government report showed that inflation had cooled in October, prompting a decline in bond yields. The average rate on the 30-year fixed plunged 60 basis points from 7.22% to 6.62%, according to Mortgage News Daily. Those stocks have been hammered by the sharp increase in rates over the past six months. As a result, bond yields dropped sharply, and mortgage rates followed, as they follow loosely the yield on the 10-year Treasury. “This was always about needing two consecutive reports of this nature combined with acknowledgement from the Fed that the inflation narrative is shifting.”But Graham said rates are not out of the woods yet.
Meta Platforms (META) – The Facebook parent's shares rallied 4.3% in premarket trading after the company announced it was laying off 13% of its workforce, or more than 11,000 workers. DR Horton (DHI) – The home builder's stock slid 3.1% in the premarket after it missed top and bottom line estimates for its latest quarter. Walt Disney (DIS) – Walt Disney tumbled 7.4% in the premarket after missing top and bottom line estimates for its latest quarter. Affirm Holdings (AFRM) – Affirm Holdings plunged 12.2% in premarket trading after the buy-now-pay-later firm reported a wider-than-expected quarterly loss. Axon Enterprise (AXON) – Axon rallied 8.5% in premarket trading after the Taser maker reported better-than-expected profit and revenue for the third quarter.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer explains why investors should keep an eye on homebuilder stocksCNBC's Jim Cramer explains why he thinks DR Horton could be "the key to this market" ahead of the opening bell on Wednesday.
Morning Bid: Congress unswept, crypto a mess
  + stars: | 2022-11-09 | by ( ) www.reuters.com   time to read: +4 min
A look at the day ahead in U.S. and global markets from Mike Dolan. Incumbent Democrats enjoyed a stronger-than-expected showing, with a chance of retaining the Senate, limiting expected losses in the House of Representatives and taking important governors' races. Regardless of the poll results, problems in the crypto world deepened amid fears of widespread contagion and selling following the near collapse of a major exchange on Tuesday. Perhaps partly related to the crypto shakeout, shares in Tesla (TSLA.O) dropped as much as 5% on Tuesday after filings showed owner Elon Musk sold almost $4 billion Tesla shares before his Twitter takeover. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Leaky homes and buildings are some of the greatest climate offenders, but a Dayton, Ohio-based start-up is making big gains in shoring up the problem. Aeroseal, which seals both air ducts and building envelopes, is now available across America and in 29 countries. Leaky airducts and walls are the single largest reason for wasted energy in homes. Reducing that wasted energy not only lowers consumers' bills, but also reduces emissions associated with energy production, which are a significant contributor to climate change. Aeroseal has so far raised about $30 million in venture capital from the likes of Breakthrough Energy, Energy Impact Partners, Building Ventures and 2150.
Build-to-rent communities skip the intermediary and go straight to the homebuilder. While typical single-family rental strategies, pioneered by Blackstone in the aftermath of the Great Recession, are inherently tied to the housing market, build-to-rent is not. In the eyes of private equity, there's no difference between build-to-rent communities and apartment blocks. If you value Cypress Bay as an apartment building, instead of a collection of homes, Fundrise got a good deal. Fundrise is still working on deals, Miller said, with a deal pipeline stretching out to 2025.
Three Stock Lunch: Pfizer, DR Horton and WestRock
  + stars: | 2022-10-20 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree Stock Lunch: Pfizer, DR Horton and WestRockArt Hogan, B. Riley Wealth Management chief market strategist, joins 'Power Lunch' to discuss his investing take on three stocks: Pfizer, DR Horton and WestRock.
These are the cheapest, most-loved stocks in the S&P 500
  + stars: | 2022-09-08 | by ( Michelle Fox | ) www.cnbc.com   time to read: +4 min
Walt Disney , for example, is trading at a 26% discount on a forward price-to-earnings basis, below its historic 5-year average forward P/E. Qualcomm is trading at an almost 39% discount on a forward P/E basis, well below its historic 5-year average forward P/E. Meanwhile, home builder DR Horton is very cheap on a forward P/E basis, trading at an almost 47% discount, well below its historic 5-year average forward P/E. The stock is down 34% year to date, but has 28% upside to the average price target, according to FactSet. One is Halliburton , which is up about 25% year to date yet is still cheap on a forward P/E basis.
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