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☆ Ken Griffin’s Wellington hedge fund at Citadel squeezes out 1% gain in volatile August
▼ + stars: | 2024-09-04 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Billionaire investor Ken Griffin's suite of hedge funds at Citadel eked out small gains in what proved a volatile month in August as markets grappled with an emerging growth scare. All five strategies used in the flagship fund — commodities, equities, fixed income, credit and quantitative — were positive for the month, the person said. Its equities fund, which uses a long/short strategy, edged up 0.8%, pushing its 2024 returns to 9.3%. The hedge fund complex had about $63 billion in assets under management as of Aug. 1. Overall, the hedge fund community recently moved into a defensive mode as macroeconomic uncertainty mounted.

Persons: Ken Griffin, The Beverly Hilton, Ken Griffin's, Citadel's, Goldman Sachs Organizations: Citadel, Milken Global, The Beverly Locations: Beverly Hills , California, Wellington, Miami

☆ September's poor history is hard to ignore, but market has many things on its side including the Fed
▼ + stars: | 2024-09-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

The good news outweighs the bad Seasonality aside, the market is riding a wave of momentum, and with good reason: 1) The market "broadening" trend is very real. At Jackson Hole, chairman Jerome Powell made it clear that the Fed had shifted its attention from fighting inflation to the job market. S&P 500 in September: It's been ugly recently (rounded) 2023: down 5%2022: down 9%2021: down 5%2020: down 4% The elections are another wildcard. Two-thirds of the S&P 500 was up in August. Most importantly, the Equal-Weight S&P 500 (RSP) modestly outperformed the S&P 500 in August and closed Friday at an historic high.

Persons: Frank Gretz, Wellington Shields, Robert Hum, It's, Consumer Staples, Jerome Powell, David Smith, Brendan McDermid Organizations: Dow, NASDAQ, Russell, NYSE, Megacap Tech, Apple, Nvidia, Microsoft, Consumer, Estate, Technology, American Association of, Bulls, PCE, Fed, Rockland Trust, CNBC, Traders, New York Stock Exchange Locations: Wellington, Meta, Rockland, New York City, U.S

☆ Why the S&P 500 could drop by 10% by the end of 2024 — and 4 trades to cash in on the turbulence
▼ + stars: | 2024-08-23 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDon't expect the stock market's seemingly unstoppable rally to continue through the end of the year, says Stifel's Barry Bannister. "If Russia makes a countermove in Kursk, it would probably be between the election and January," Bannister said. 4 trades to make amid market turbulenceWith the market poised for a turbulent period ahead, Bannister said he prefers defensive value stocks, particularly the healthcare, utilities, consumer staples, and real estate sectors. "Seventy percent of all the outperformance of defensive or value occurs before a recession is actually declared," Bannister said.

Persons: —, Stifel's Barry Bannister, Bannister, — Bannister, there's, Kamala Harris, Donald Trump, Trump, we're Organizations: Service, Business, Federal Reserve, Utilities, Consumer, UCITS Locations: Russia, Kursk, Iran, China

☆ Powerful stock market rally still underpinned by huge number of advancing stocks
▼ + stars: | 2024-08-19 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

CNBC's Robert Hum tells me both the S & P 500 and Nasdaq Composite are up eight straight sessions — the longest advances since November of last year for the S & P 500 and December for the Nasdaq. The S & P has risen 7% over the past eight trading days. Another positive factor: market breadth (advancing vs. declining stocks) has been on a tear. Markets now It's happening again Monday: 2-1 advancing to declining stocks on the NYSE, and the S & P 500 ahead 25 points. The tech rally appears to have stalled out.

Persons: CNBC's Robert Hum, Lowry Organizations: Nasdaq, New York Stock Exchange, NYSE, Tech, Meta, Nvidia, Apple

☆ 2 trades to make now amid 6 economic pitfalls ahead, according to a Bank of America chief strategist
▼ + stars: | 2024-08-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

Japan's low interest rates made its currency a cheap option to borrow and fund other trades in the US and worldwide. So there's $6 trillion sitting in money market funds that is being held hostage to politics, he added. Advertisement"We've had these episodes of market volatility in the past, and the only path was in and out of equities," Quinlan said. Remember, as interest rates come down, you lock in two-, five-, or 10-year yields. Those money market funds are going to come down as the interest rates come down."

Persons: —, Joe Quinlan, Quinlan, it's, There's, You've, capex, Donald Trump, We've, Russell, We're Organizations: Service, Nasdaq, Dow, Merrill, Bank of America Private Bank, Business, Reserve, Big Tech, Labor Locations: China, Israel, Iran

☆ Morgan Stanley just added these 3 safe stocks to their 'buy' list with the market expected to stay choppy
▼ + stars: | 2024-08-12 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Morgan Stanley has added three new high-quality defensive stocks to its "Fresh Money Buy List." AdvertisementMorgan Stanley expanded its list of recommended equities with three high-quality stocks, as the bank veer further into defensive positioning. These names could help shield against ongoing macro uncertainty, which Morgan Stanley does not expect will resolve anytime soon. Morgan Stanley holds an Overweight rating on the company, with a price target of $211 per share. (3) Northrop GrummanNOC, the defense and aerospace company, joined Morgan Stanley's list as a premium equity for exposure to industrials.

Persons: Morgan Stanley, —, Consumer Staples, Wilson, Public Service Enterprise Group Morgan Stanley, Morgan Stanley's Organizations: Service, Federal, Healthcare, Consumer, Public Service Enterprise Group, Northrop Grumman NOC, Verizon, Walmart Locations: Real

☆ There is a global easing cycle coming, says senior equity portfolio manager Aaron Dunn
▼ + stars: | 2024-08-12 | 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 is a global easing cycle coming, says senior equity portfolio manager Aaron DunnAaron Dunn, Morgan Stanley Investment Management senior equity portfolio manager, joins 'The Exchange' to discuss how to position for value volatile markets, consumer staples, top stocks to own in the value trade, and more.

Persons: Aaron Dunn Aaron Dunn, Morgan Organizations: Morgan Stanley Investment Management

☆ Watch CNBC's full interview with Morgan Stanley Investment Management's Aaron Dunn
▼ + stars: | 2024-08-12 | 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 Morgan Stanley Investment Management's Aaron DunnAaron Dunn, Morgan Stanley Investment Management senior equity portfolio manager, joins 'The Exchange' to discuss how to position for value volatile markets, consumer staples, top stocks to own in the value trade, and more.

Persons: Morgan Stanley, Morgan Stanley Investment Management's Aaron Dunn Aaron Dunn, Morgan Organizations: Morgan, Morgan Stanley Investment, Morgan Stanley Investment Management

☆ Retailers are tricking consumers into spending more with earlier-than-ever Halloween rollout
▼ + stars: | 2024-08-09 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

But all the excitement to get a jump start on Halloween comes as consumers are showing more signs of financial stress. Tricking consumers into treating themselves more“It’s clear that consumers have been interested in buying Halloween products earlier and earlier,” said Champine. Michaels said it started selling Halloween goods in June, the earliest the retailer has ever done so. The initial launch of Halloween goods at Michaels “has been consistently beating our internal expectations,” he added. By selling Halloween goods earlier, they’re likely hoping it’ll decrease the likelihood of having to discount, she added.

Persons: can’t, ”, Laura Champine, they’re, Joe Feldman, Michaels, ” John Gehre, Michaels “, ” Kelsey Robinson, Lance Allen, “, ” Allen, David Zalubowski, they’ve, they’ll, Champine, ” Lowe’s, Feldman Organizations: New, New York CNN, Disney, Walt Disney, Loop, Telsey Advisory, CNN, Costco, Consumer, McKinsey, Labor, Depot Locations: New York, Los Angeles, Sheridan , Colorado, Lowe’s

☆ Bank of America's stocks to help you sleep at night after wild week
▼ + stars: | 2024-08-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Bank of America is offering up a selection of stocks to help investors sleep soundly during bouts of market volatility. The picks come on the heels of a roller-coaster week for Wall Street. Here are some of the companies that made the list: Several consumer staples stocks showed up, with the S & P 500 sector up more than 11% this year. PG 1M mountain Shares over the last month Lockheed Martin was another low-beta stock that made the cut. Shares of the aerospace and defense company have rallied more than 21%, outperforming the market year to date.

Persons: Stocks, Savita Subramanian, Gamble, Lockheed Martin Organizations: of America, Wall, Bank of America, Walmart, PepsiCo, Procter, Starbucks, Elliott Management, T Bank, Home Depot, Cisco Systems, Consolidated Edison, New Locations: U.S, China, New York

☆ Stocks in these 4 sectors can help investors weather the historic surge in volatility, Bank of America says
▼ + stars: | 2024-08-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Subramanian said investors should buy defensive stocks so they can "sleep at night." According to Bank of America strategist Savita Subramanian, investors should "get used to the volatility." AdvertisementTo combat expectations of continued volatility, Subramanian said investors should buy defensive stocks that would allow them to "sleep at night." "The best hedge is owning high quality stocks," Subramanian said of combating market volatility. Most of these defensive stocks are found in defensive sectors, which include consumer staples, healthcare, real estate, and utilities.

Persons: Savita Subramanian, Subramanian, —, They're, Stocks Organizations: . Bank of America, Service, Bank of America, Procter, Gamble, Kroger, PepsiCo, Walmart, Utilities, Investors, Consolidated Edison, Alliant Energy, CMS Energy, Healthcare, Quest Diagnostics, Essex Property Trust, Digital Realty Trust Locations: Essex

☆ Investors believe the fears about the slowing economy are overblown and market is overreacting
▼ + stars: | 2024-08-06 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

The S & P 500 is off by nearly 9%, and it could soon join the tech-heavy index. .VIX 1D mountain VIX On Wall Street, however, many investors expect the fears of a slowing economy are overdone, and that markets are overreacting. "We don't see an earnings recession, we don't see an economic recession," said Sam Stovall, chief investment strategist at CFRA Research. The strategist expects the S & P 500 could fall into a correction, somewhere between 10% and 15%. To be sure, investors who aren't expecting a recession say any weakness in the consumer should continue to be monitored.

Persons: It's, Stocks, Mark Malek, Siebert, Malek, nonfarm, John Butters, —, Sam Stovall, Stovall, that's, aren't, Siebert's Malek, Jamie Meyers, he's, we've, it's, I've, Meyers, CFRA's Stovall Organizations: Nikkei, Nasdaq, Dow Jones, Treasury, Fed, Federal Reserve Bank, Atlanta's, Bank of America, CFRA, Nvidia Locations: Japan, U.S

☆ Everything you wanted to know about the market meltdown but were too afraid to ask
▼ + stars: | 2024-08-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

In today's big story, we're giving a full breakdown of what has been a wild few days for the market . Tech: Big Tech is going through a bit of a mid-life crisis . Big Tech is going through a bit of a . There are a few factors at play here:Big Tech, the backbone of the market, had weaker-than-expected earnings last week. The decision could seriously hurt Google's revenue and may signal more antitrust enforcement to come for other Big Tech companies .

Persons: —, Airbnb, Rebecca Zisser, We're, what's, Warren Buffett's, Berkshire Hathaway, I'm, Claudia Sahm, M, Getty, Jenny Chang, Rodriguez, Jensen Huang, Citadel's Ken Griffin, Griffin, it's, Natalie Ammari, That's, Elon, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Tech, Big Tech, Nasdaq, Federal Reserve, Apple, Oracle, Fed, Nvidia, Bank of America, Google Locations: Japan, Berkshire, Omaha, Asia, bitcoin, Florida, New York, London

☆ The stock market's recession playbook is in full effect
▼ + stars: | 2024-08-05 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Investors are de-risking their portfolios amid recession fears, driving a stock-market sell-off. AdvertisementThe stock market's recession playbook is in full swing as suddenly panicked investors look to aggressively de-risk their portfolios amid fears of a downturn. Investors are questioning whether the Federal Reserve waited too long to cut interest rates and whether it's too late to fend off recession. AdvertisementDetailed below are four outperforming areas of the market that make it clear investors are employing the recession playbook:1. "Next's year's pricing makes sense if the US economy falls into recession and/or inflation tumbles below the Fed's 2% target," analysts said of the market's rate-cut expectations.

Persons: —, it's, they've, David Sekera, David Rosenberg, Rosenberg, Ned Davis Organizations: Service, Federal Reserve, Nasdaq, Treasury, Bloomberg, Morningstar, Global, ETF, Rosenberg Research, Ned Davis Research

☆ Stifel strategist who called this summer pullback sees correction getting to at least double digits
▼ + stars: | 2024-08-05 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Stifel Financial's Barry Bannister thinks the S & P 500 will see a steep pullback over the next couple of months. Bannister said Stifel's year-end target of 5,000 for the S & P 500 "seems appropriate right now" given the July jobs data and delayed Federal Reserve interest rate cuts. In early June, Bannister said the S & P 500 could drop to approximately 4,750 before the end of the third quarter of this year. The S & P 500 ended last week at 5,346.56. .SPX YTD mountain S & P 500 this year.

Persons: Stifel Financial's Barry Bannister, Bannister, Stifel's, Stifel, we've Organizations: CNBC, Traders

☆ Consumer staples dodge sell-off
▼ + stars: | 2024-08-02 | 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 EmailConsumer staples dodge sell-offKaren Finerman, Metropolitan Capital CEO, and Carter Worth, Worth Charting founder and CEO, join 'Fast Money' to discuss consumer staples as the sector managed to dodge today's market sell-off.

Persons: Karen Finerman, Carter Worth Organizations: Metropolitan Capital

☆ P&G's rally signals economic worries are back — plus, we're downgrading a consumer stock
▼ + stars: | 2024-08-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

That's why some classic slowdown stocks in the health care and consumer staples sectors are outperforming versus cyclicals. But with Wynn earnings coming up Tuesday, we'd rather be cautious and downgrade our rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Wells, Stanley Black, Wynn, we've, — Wynn, we'd, We'll, Coterra, FactSet, Jim Cramer's, Jim Organizations: CNBC, Treasury, Federal Reserve, Procter, Gamble, Wynn Resorts, MGM Resorts, MGM, Revenue, Vegas, Coterra Energy, Apple, Intel, Club, Linde, Exxon Mobil, Chevron, Jim Cramer's Charitable Locations: Wells Fargo, Las Vegas, Macau, Vegas, China

☆ July brought a great stock market rotation. Here's why it is happening
▼ + stars: | 2024-07-31 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

While we are getting a tech rally Wednesday thanks to Advanced Micro Devices (up 7%), this is the month when rotation became more than a one day event. Since small-cap companies often have more debt and higher borrowing costs, the expectation of lower rates is certainly a factor. I noted weeks ago that more fundamentally inclined investors were worried about the slower rate of earnings growth for big cap technology stocks . The Russell 2000 would also benefit any time a rotation out of tech occurs because the weightings are different. While the two sectors that comprise technology in the S & P 500 (Technology and Communication Services) are about 40% of the S & P 500, the Russell 2000 is much more diverse.

Persons: Consumer Staples, Russell Organizations: Micro Devices, Energy, Health Care, Consumer, Communication Services, Care Locations: Banks

☆ Forget Big Tech — stocks like these have the biggest upside potential in a volatile market, investor says
▼ + stars: | 2024-07-31 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

"A big tech stock reckoning and correction is inevitable," the chief investment officer told CNBC's " Street Signs Asia " on Tuesday. Calling the euphoria around Big Tech stocks this year "absurd," he said that such excessive investor sentiment and "overdone" momentum "always ends the same." "The biggest risk for the stock market right now is excessive valuations. Such sectors include health care, consumer staples, utilities, and the midstream part of the energy sector, according to him. "The consumers staples sector is being overlooked right now in the market as investors chase returns in the tech sector," he added.

Persons: David Bahnsen, CNBC's, Bahnsen, Mills Organizations: Big Tech, Electric, Gilead Sciences, Mills . American Electric Power, Food Locations: United States, Biopharmaceutical, Gilead

☆ Expect companies to begin cost-cutting, says DCLA's Sarat Sethi
▼ + stars: | 2024-07-29 | 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 EmailExpect companies to begin cost-cutting, says DCLA's Sarat SethiSarat Sethi, DCLA portfolio manager, joins 'Power Lunch' to discuss the state of the consumer and their impact on consumer staples.

Persons: DCLA's Sarat Sethi Sarat Sethi

☆ 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

☆ Bank of America's biggest clients are selling individual stocks and plowing money into ETFs in these 7 sectors instead
▼ + stars: | 2024-07-25 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

AdvertisementETF enthusiasmInstead of single stocks, clients across the board are putting their money into ETFs. Bank of AmericaEven though clients sold off individual small-cap stocks, they're not shying away from that size segment of the market at all. Clients invested more money in small-cap ETFs than large-cap ones, providing small-caps with the biggest boost since May of this year. Similarly, while individual tech stocks experienced a sell-off, tech ETFs saw the largest capital inflow out of all sectors last week. Small-cap ETFs include Vanguard Small-Cap Index (VSCIX) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).

Persons: —, Jill Carey, Goldman Sachs Organizations: Service, Bank of America's, Bank of America, Equity, Business, JPMorgan, Citigroup, Big Tech, Health, Bank of America Investors, Communication, Fidelity MSCI Information Tech, NYSE Technology, Vanguard Infomation Technology, Vanguard

☆ Wednesday, July 24, 2024: Cramer says wait for the downside to get into this mega-cap tech
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: 1 min

Wednesday, July 24, 2024: Cramer says wait for the downside to get into this mega-cap techJim and Jeff discuss the earnings report from this mega-cap tech stock. They also discuss their expectations from this automaker's earnings. Finally, they break down the moves in these consumer staples.

Persons: Cramer, Jeff

☆ Dover wisely shuffles its portfolio — and why we're upgrading a struggling consumer stock
▼ + stars: | 2024-07-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

M & A moves: Club holding Dover said Monday it will sell its Environmental Solutions Group business to Terex Corporation for $2 billion in cash. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Russell, We're, Terex, Dover didn't, we're, Elliott, Danaher, Jim Cramer's, Jim Organizations: CNBC, ., Stocks, Nasdaq, Dover, Environmental Solutions Group, Terex Corporation, buybacks, Honeywell, Starbucks, Street, Elliott Management, Semiconductors, Cadence Design Systems, Spotify, United Parcel Services, GE Aerospace, GM, HCA Healthcare, Jim Cramer's Charitable Locations: Dover, Nucor, Cleveland, Freeport, McMoRan

Analyst Mauricio Serna also raised his price target to $20 from $13, indicating 57.6% upside potential from where shares closed on Thursday. Barclays also lowered its price target to $47 from $55, indicating 11.4% downside from Thursday's close. Analyst Benjamin Swinburne has a $780 price target on shares, indicating shares could rise 20% from Thursday's close. Cahall raised his price target to $758 from $726, suggesting nearly 18% upside potential from the stock's close price on Thursday. His new price target of $190, up from $107, implies upside of 20% from Thursday's close.

Persons: Morgan Stanley, Mauricio Serna, Serna, — Hakyung Kim, Barclays downgrades Molson Coors, Lauren Lieberman, BUD YTD, Hakyung Kim, Benjamin Swinburne, Swinburne, Doug Anmuth, Anmuth, Wells, Steven Cahall, Cahall, Arm Holdings Morgan Stanley, Lee Simpson, Simpson, GenAI, Fred Imbert Organizations: CNBC, Netflix, Arm Holdings, UBS, Barclays downgrades, Barclays, bearish, Molson Coors, NFLX's, Holdings, ARM Locations: Serna, Thursday's, Wells Fargo

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