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☆ ‘The Big Short’ investor Steve Eisman says he would avoid these stocks now, including homebuilders
▼ + stars: | 2023-10-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman, the investor who called and profited from the subprime mortgage crisis, said Tuesday that he would advise against buying homebuilders and consumer-related stocks given higher interest rates. "I wouldn't own homebuilders right now," Eisman said on CNBC's " Fast Money ." "The homebuilders have been subsidizing their customers with lower rates, but even that's gonna bite. Eisman shot to fame by betting against subprime mortgage loans before the 2008 financial crisis, as chronicled in Michael Lewis' "The Big Short: Inside the Doomsday Machine," and the subsequent Oscar-winning movie based on the book. The investor also reiterated that the banking sector is uninvestable due to risks from crimped margins and tougher regulations.

Persons: Steve Eisman, Eisman, Neuberger Berman, Michael Lewis Organizations: Federal

☆ CNBC Daily Open: Dispelling the AI hallucination
▼ + stars: | 2023-09-22 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The pan-European Stoxx 600 slumped 1.3% amid a flurry of central bank decisions. Sweden hiked rates by 25 basis points to 4%; Norway raised its rate from 4% to 4.25%; Switzerland kept rates unchanged. SuccessionRupert Murdoch is stepping down as chairman of the board of Fox Corp and News Corp in November.

Persons: Rupert Murdoch, Lachlan Murdoch, Steve Eisman, that's Organizations: CNBC, of England, Cisco, Fox Corp, News Corp, Fox News, Systems, Valley Bank Locations: Sweden, Norway, Switzerland, Turkey

☆ ‘Big Short’ investor Steve Eisman says the whole bank sector is 'uninvestable'
▼ + stars: | 2023-09-21 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman, the investor who called and profited from the subprime mortgage crisis, said Thursday that he's staying away from bank stocks due to risks from crimped margins and tougher regulations. "I happen to think the whole bank sector is uninvestable," Eisman, senior portfolio manager at Neuberger Berman, said on CNBC's " Squawk Box. " Uncertainty caused by the collapse of Silicon Valley Bank earlier this year triggered outflows at other regional banks and larger institutions. With short-term rates spiking higher than long-term rates, bank margins have been hurt. The SPDR S & P Regional Banking ETF , which tracks 140 regional banks, has fallen more than 33% this year.

Persons: Steve Eisman, he's, Eisman, Neuberger Berman, Eisman's, Banks, Michael Lewis Organizations: Federal, Regional Banking ETF Locations: Silicon

☆ I happen to think the whole banking sector is 'uninvestable', says Neuberger Berman's Steve Eisman
▼ + stars: | 2023-09-21 | 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 EmailI happen to think the whole banking sector is 'uninvestable', says Neuberger Berman's Steve EismanSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, the state of the banking sector, and more.

Persons: Neuberger, Steve Eisman Steve Eisman, Neuberger Berman

☆ Here's what happens to the Dow after a 13-day winning streak, according to history
▼ + stars: | 2023-07-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The Dow Jones Industrial Average closed higher for 13 consecutive days this week, notching its longest winning streak since 1987. Only four such rallies were sustained for 12 days, with the longest winning stretch set at a record 13 days in 1987. In the week following a 10-day streak of gains, stocks have previously held on to their profits, staying flat on average. On average, stocks were also flat a month after a 10-day winning streak. In the quarter after a 10-day streak of gains, stocks have returned an average 2.4% in the past.

Persons: Dow Jones, Dow, Steve Eisman, Neuberger Berman, CNBC's, Michael Lewis, Jerome Powell, —, Fred Imbert Organizations: Dow Jones, America, Boeing, Dow, CNBC, Investors, Federal

☆ The Dow just posted its best winning streak since the 1980s. Why it keeps going higher
▼ + stars: | 2023-07-26 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

Brendan McDermid | ReutersThe Dow Jones Industrial Average just won't stop going higher it seems like. The Dow on Wednesday rose for a 13th straight day, matching its longest winning streak since 1987. Both are up just 3% since the Dow's streak began. There are several reasons for the Dow's streak, but none may be bigger than recession fears easing. Stock Chart Icon Stock chart icon Dow riding 12-day winning streakNo more recession?

Persons: Brendan McDermid, Dow, Steve Eisman, Neuberger Berman, CNBC's, Michael Lewis, Jerome Powell, Goldman Sachs, Johnson Organizations: New York Stock Exchange, Reuters, Dow Jones, Dow, Nasdaq, Federal, Companies, Goldman Sachs Group, Inc, UnitedHealth, JPMorgan Chase &, Johnson, Intel, CAT Caterpillar Inc Locations: New York City, U.S, Chevron

☆ Top economists do U-turn on recession forecasts as most now see it as unlikely in next year
▼ + stars: | 2023-07-25 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

A 71% majority of economists put the odds of a recession in the next 12 months at 50% or less. It's a turnabout from a March, when a majority saw a recession sometime in 2023. A 71% majority of economists put the odds of a recession in the next 12 months at 50% or less, according to a survey by the National Association for Business Economics. That includes a sizable chunk who are especially optimistic, with one-fourth saying a recession has a probability of 25% or less. And in the March NABE survey, 58% said the US was either already in a recession or that it would come sometime in 2023.

Persons: It's, Julia Coronado, Steve Eisman, Paul Krugman Organizations: National Association for Business Economics, Service Locations: Wall, Silicon

☆ CNBC Daily Open: May the good times roll
▼ + stars: | 2023-07-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dow's 11-day streakMajor U.S. stock indexes ended Monday in the green, with the Dow Jones Industrial Average notching an 11-day winning streak. Busy week for central banksThe U.S. Federal Reserve, the European Central Bank and the Bank of Japan will all announce interest rate decisions this week. [PRO] No sign of recessionSteve Eisman, the investor who called and profited from the 2008 subprime mortgage crisis, told CNBC he thinks "there's no evidence of a recession" so far.

Persons: Elon, Linda Yaccarino's, aren't, Steve Eisman Organizations: CNBC, U.S, Dow Jones, Twitter Twitter, Twitter, U.S . Federal Reserve, European Central Bank, Bank of Japan, ECB, Chinese Communist Party Locations: U.S

☆ 'Big Short' investor Steve Eisman on the hardest lesson he's had to learn over the years
▼ + stars: | 2023-07-24 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman of "The Big Short" revealed a mistake he's made when trying to deploy his strategy of betting against stocks that made him famous. He said the failure of that trade made him realize the challenge of betting against a stock that doesn't trade on fundamentals. "The hardest thing that I have found over the years, is trying to short cult stocks, or meme stocks, they seem to go up on nothing," Eisman said on CNBC's " Squawk Box. " His success was chronicled in Michael Lewis' "The Big Short," and the subsequent Oscar-winning movie based on the book. Eisman said he was shocked by the stock's rally despite the EV company's drastic price cuts recently.

Persons: Steve Eisman, he's, Neuberger Berman, Eisman, shorting, Michael Lewis, Elon, Jim Chanos, Tesla, it's Organizations: Tesla Locations: United States

☆ Steve Eisman says the stock market can keep running higher, since there's no evidence of a recession
▼ + stars: | 2023-07-24 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman, the investor who called and profited from the subprime mortgage crisis, said Monday that the stock market could continue to march higher if there's no sign of a recession. "So far, there's no evidence of a recession. So as long as there's no evidence of recession, and I think the market will probably continue to melt up; people are chasing," Eisman, senior portfolio manager at Neuberger Berman, said on CNBC's " Squawk Box." "We came into the year where most people were predicting the most anticipated recession that's never happened," Eisman said. But there's no data to support it at this time," Eisman said.

Persons: Steve Eisman, Eisman, Neuberger Berman, Michael Lewis Organizations: Dow Jones, Federal Reserve

☆ There's no evidence of a recession so far, says Neuberger Berman's Steve Eisman
▼ + stars: | 2023-07-24 | 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 EmailThere's no evidence of a recession so far, says Neuberger Berman's Steve EismanSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Squawk Box' to discuss the latest market trends, the Fed's rate hike campaign, the banking crisis, Big Tech, and more.

Persons: Neuberger, Steve Eisman Steve Eisman, Neuberger Berman Organizations: Big Tech

☆ 'Big Short' Investor Steve Eisman says earnings have not bottomed out for regional banks
▼ + stars: | 2023-07-13 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Big Short' Investor Steve Eisman says earnings have not bottomed out for regional banksSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Fast Money' to talk markets, infrastructure spending, the banking sector and earnings season.

Persons: Steve Eisman, Eisman, Neuberger Berman

☆ 'Big Short' investor Steve Eisman says stocks will keep on chugging as long as economic data is fine
▼ + stars: | 2023-07-13 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman of "The Big Short" fame said Thursday that the stock market rally can carry on as long as the economy stays healthy. But it could go on for quite a bit longer because as long as the economic data is OK, I don't see why people are going to sell their stocks." The market ended the first half of the year with flying colors, and it just got another boost this week from softer-than-expected inflation data. So, for the regionals, I don't think earnings have bottomed and I wouldn't even think about buying them until I thought that they had," Eisman said. The widely followed investor also revealed he's betting on "greenification," or companies involved in solar panels, grid improvement and industrials.

Persons: Steve Eisman, Eisman, Neuberger Berman, hasn't, Michael Lewis Organizations: Federal Reserve, Fed

☆ Watch CNBC's full interview with 'Big Short' Investor Steve Eisman
▼ + stars: | 2023-07-13 | by ( Melissa Lee | ) 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 'Big Short' Investor Steve EismanSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Fast Money' to talk markets, infrastructure spending, the banking sector and earnings season.

Persons: Steve Eisman Steve Eisman, Neuberger Berman

☆ Housing market inventory keeps declining and that's bad news for homebuyers
▼ + stars: | 2023-06-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

We're revisiting housing inventory today because it's one of the key sticking points that's keeping home prices elevated and buyers wary. Get this: The housing market today has 39% fewer homes for sale than before the pandemic. Mortgage rates are currently about double what they were in 2021, when ultra-low rates fueled a home-buying boom. That could help influence mortgage rates to go even higher this year. People who are sitting on the sidelines, waiting for mortgage rates to decline, should know that's unlikely to happen in the foreseeable future."

Persons: I'm Phil Rosen, Jerome Powell, Joe Raedle, There's, Powell, Redfin's Chen Zhao, Edward Seiler, Tweet, JIM WATSON, Morgan Stanley, Steve Eisman, Larry Summers, Richard Branson's, Phil Rosen, Max Adams, Hallam Bullock Organizations: realtors, Mortgage Bankers Association, US, Getty, Fed, FedEx, Nvidia, Bloomberg, Treasury, Virgin Galactic Locations: homebuilding, New York, London

☆ 'Big Short' investor Steve Eisman looks beyond tech and is making a big bet on infrastructure
▼ + stars: | 2023-06-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Steve Eisman is looking beyond the hype around tech, and is betting big on US infrastructure. He cited one utility stock that's jumped 34% year to date, due to infrastructure needs. Citing a utility stock called Quanta Services, he said "the opportunities for the company have been enormous, so the stock has been revalued." Eisman has bet on the grid since at least February, when he said that tech stocks might struggle in the face of climbing interest rates. Though he said on the podcast that tech stocks are investible for a long time, he said it's unclear how they may move in the future.

Persons: Steve Eisman, Bloomberg's, —, United States — everybody's, Neuberger Berman, Eisman, — Eisman, it's Organizations: Service Locations: United States

☆ How Steve Eisman of ‘The Big Short’ is playing this tough market
▼ + stars: | 2023-04-17 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman of "The Big Short" fame said Monday that he remains cautious in this fluid macroeconomic environment, and is keeping his powder dry by parking cash in short-term Treasurys. I think you have to wait," Eisman said on CNBC's " Squawk Box." "I think what the 10-year [Treasury] is telling you [is] that the market thinks that the Fed's going to cut rates. I think he's petrified of what happened to Volcker when Volcker stopped raising rates [and] inflation resurged." The widely-followed investor previously said the easy days of buying tech stocks to beat the market are over.

☆ No question there would be a sharp rally if the Fed stopped raising rates: Neuberger's Eisman
▼ + stars: | 2023-04-17 | 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 EmailNo question there would be a sharp rally if the Fed stopped raising rates: Neuberger's EismanSteve Eisman, Neuberger Berman senior portfolio manager, joins 'Squawk Box' to discuss Eisman's feelings towards inflation after last week's CPI data, Eisman's reaction to a Fed rate hike in May, and the Fed's two percent inflation target.

☆ This is not even close to the same magnitude as 2008, says Neuberger Berman's Steve Eisman
▼ + stars: | 2023-03-20 | 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 EmailThis is not even close to the same magnitude as 2008, says Neuberger Berman's Steve EismanSteve Eisman of ‘Big Short’ fame and Neuberger Berman joins CNBC’s Brian Sullivan and ‘Last Call’ to discuss the current banking crisis.

☆ 'Big Short' investor Steve Eisman says it'll be bad news for stocks if the banking crisis causes the Fed to pause: 'You should be scared'
▼ + stars: | 2023-03-16 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Investors should be worried if the Federal Reserve doesn't raise interest rates next week, according to Steve Eisman. "If the Fed is scared, you should be scared," the "Big Short" investor told CNBC. Traders upped their bets on a Fed pause after the US's regional banking crisis rocked markets. "If the Fed doesn't raise rates … maybe it'll be positive for a couple hours or a couple of weeks," he added. The central bank is in a difficult position because inflation could flare up again if it does stop tightening, according to Eisman.

☆ Dow jumps 372 points as US stocks surge on rescue plans for struggling banks
▼ + stars: | 2023-03-16 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

First Republic Bank will receive a $30 billion deposit from larger rivals. JPMorgan earlier estimated the Fed's emergency loan program may inject $2 trillion into the US banking system. Stocks reversed earlier losses as reports about a liquidity deal for First Republic Bank rolled in. First Republic Bank shares soared after plunging in recent days. "Big Short" investor Steve Eisman says it'll be bad news for stocks if the Fed pauses rate hikes because of the banking panic.

☆ You don't want to be a hero in this environment, says 'Big Short' investor Steve Eisman
▼ + stars: | 2023-03-15 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou don't want to be a hero in this environment, says 'Big Short' investor Steve EismanSteve Eisman, Neuberger Berman sr. portfolio manager, "Big Short" investor, hedge fund manager on what the SVB collapse could mean for markets. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.

☆ You don't want to be a hero in this environment, says 'Big Short' investor Steve Eisman, Part 2
▼ + stars: | 2023-03-15 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou don't want to be a hero in this environment, says 'Big Short' investor Steve Eisman, Part 2Steve Eisman, Neuberger Berman sr. portfolio manager, "Big Short" investor, hedge fund manager, with more on what the SVB collapse could mean for markets. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.

☆ ‘Big Short’ investor Steve Eisman says if the Fed is scared to raise rates, you should be scared, too
▼ + stars: | 2023-03-15 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"Fifty basis points is off the table. So either they're going to do 25 basis points or they're going to do nothing," Eisman said on CNBC's " Fast Money " Wednesday evening. "If the Fed doesn't raise rates, … maybe it'll be positive for a couple hours or a couple of weeks," he said. Well, if the Fed is scared, you should be scared." Investors were concerned after the Saudi National Bank, Credit Suisse's largest investor, said it could not provide any more funding.

☆ Top investors share 3 tips for buying stocks in this turbulent market
▼ + stars: | 2023-03-01 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Markets have been volatile of late, leading investors to wonder which corner of the market to seek refuge in. Investors are worrying that the U.S. Federal Reserve could keep rates higher for longer amid a renewed focus on hotter-than-expected inflation . Higher rates for longer is expected to be bad news for growth stocks such as tech, which tumbled last year as the era of zero rates ended. Some Big Tech stocks are now "quite mature," Hawtin said, noting that Alphabet and Facebook are essentially dependent on advertising. Steve Eisman of "The Big Short" fame said Monday that gone are the days when investors could win by simply buying technology stocks.

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