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☆ There has not been a lot of staying power in the Mag 7, says Charles Schwab's Kevin Gordon
▼ + stars: | 2024-04-11 | 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 has not been a lot of staying power in the Mag 7, says Charles Schwab's Kevin GordonHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Charles Schwab's Kevin Gordon, Brian Sullivan, “ Organizations: CNBC

☆ Here are Wells Fargo's top trades for the second quarter
▼ + stars: | 2024-04-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The second quarter is underway, and Wells Fargo has laid out its top stock ideas to maximize investor returns during the period. Here are some of Wells Fargo's top names for the next three months: Wells Fargo is bullish on Amazon , naming the stock as an overweight tactical idea. Wells Fargo's $211 price target implies about 17% upside from Tuesday's close. Despite a difficult start to the year that saw shares slump about 5%, Wells Fargo anticipates about 15% upside in store for the coffee chain retailer. Wells Fargo named Tesla among its four underweight ideas for the quarter, citing slowing delivery growth and dwindling demand.

Persons: Wells, Stocks, Ken Gawrelski, Wells Fargo's, INSM, Tiago Fauth, Zack Fadem, Colin Langan's Organizations: Insmed, Starbucks, Citigroup, Devon Energy Locations: Wells Fargo, Wells, North America, Monday's

☆ These stocks could rally in 'second phase' of bull market, Morgan Stanley Investment Management says
▼ + stars: | 2024-03-30 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

There's a rotation happening in the market that investors can take advantage of by investing in cyclical stocks, according to Morgan Stanley Investment Management's Andrew Slimmon. He recommended investors to have a more cyclical bias to their portfolio, pointing out that the best-performing sectors in the last month are energy, materials and industrials. He also thinks there's still room to run in semiconductor stocks — even if the overbought group sees a near-term pullback. " Slimmon named Applied Materials , Ameriprise Financial and Valero Energy as some of the stocks he likes right now. Regarding energy, Slimmon said the space could continue to show strength if the economy begins to weaken.

Persons: Morgan Stanley, Andrew Slimmon, Stocks, Slimmon, there's, Slimmon's, that's Organizations: Morgan, Morgan Stanley Investment, Dow Jones Industrial, Nasdaq, Ameriprise Financial, Valero Energy, Infrastructure Investment, Jobs, United Rentals, Applied Materials, Ameriprise, U.S Locations: U.S, financials, That's

☆ 'Find growth': Strategist tells investors not to worry about high stock valuations
▼ + stars: | 2024-03-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Investors should disregard concerns over high valuations and focus on growth in what is now a "stockpicker's market," according to Matt Orton, chief market strategist at Raymond James Investment Management. The S&P 500 closed out a two-week losing streak on Friday, but Orton told CNBC that stock market gains are broadening and brief pullbacks should be used "opportunistically." Much of the significant rally over the last 18 months has been driven by the so-called "Magnificent 7" megacap tech stocks, but they have begun to diverge. "We're back to a stockpicker's market – idiosyncratic risk is finally being rewarded again and that, to me, is most important. It means that you have the opportunity to diversify your portfolio and actually lean into what works and lean out of what's not," Orton told CNBC's "Squawk Box Europe" on Monday.

Persons: Matt Orton, Orton, Tesla, CNBC's Organizations: Raymond James Investment Management, CNBC, Apple, Microsoft, Nvidia

☆ Reading the charts: How to know when this stock market bull run is over
▼ + stars: | 2024-03-13 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

The S & P 500 just achieved its last upside target of 5,180 a few days ago. The S & P 500 has closed above its own intra-day midpoint 80% of the time since October lows. The index's longest streak of "good closes" (closes above the mid-point) since the October lows has been nine. Consistently strong market breadth Market breadth (or internals) can be measured different ways, but simply tracking the percent of stocks advancing every day is both the simplest and most useful. From this perspective, the S & P 500 has had positive internals 70% of the trading days since the October lows.

Persons: It's, That's, they've, we'll

☆ The stock market rally has broadened out from the Magnificent Seven. Here's why
▼ + stars: | 2024-03-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

Over the past month, a notable shift in performance has occurred among the 11 sectors of the S & P 500 . Understanding the S & P 500 sectors The 11 sectors of the S & P 500 represent the various industries powering the U.S. economy. For example, last year, the market-cap-weighted S & P 500 gained 24.2% while the equal-weighted index advanced only 11.6% in 2023. .SPXEW .SPX 1M mountain The equal-weighted S & P 500 over the past month compared with the S & P 500. Encouragingly, overall earnings estimates for the S & P 500 also have gone up recently.

Persons: —, It's, Wells, Linde, Russell, Labor Department —, Genuity, Canaccord, Encouragingly, Eaton, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Big Tech, Financial, Coterra Energy, DuPont, Tech, Communication Services, Apple, Microsoft, Nvidia, Club, Tesla, Linde, Wolfe Research, Labor Department, Fed, RBC Capital Markets, RBC, Bank of America, Eaton, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: Tuesday's, U.S

☆ Watch CNBC’s full interview with Bernstein's Stacy Rasgon and Solus' Dan Greenhaus
▼ + stars: | 2024-03-08 | 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 Bernstein's Stacy Rasgon and Solus' Dan GreenhausStacy Rasgon, Bernstein semiconductor analyst, and Dan Greenhaus, Solus Alternative Asset Management chief strategist, join 'Closing Bell' to discuss the chipmakers being down, the bifurcation of the 'Mag 7', and what it all means for the sector.

Persons: Bernstein's Stacy Rasgon, Solus, Dan Greenhaus Stacy Rasgon, Bernstein, Dan Greenhaus Organizations: Asset Management

☆ Pharmaceutical companies behind weight-loss drugs are slimming down a new target: The Magnificent 7
▼ + stars: | 2024-03-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at pharma companies' surging stocks and threatening tech darlings thanks to their weight-loss drugs. And it comes despite only 1% of US adults taking weight-loss drugs, according to Bank of America , which predicts that number could rise to 15% by 2035. Weight-loss drugs are also cutting more than just fat. For Wall Street, meanwhile, the equation is much simpler: Getting more people on weight-loss drugs boosts the economy. The trend, which will be powered by cash-rich mega-cap tech companies, is thanks to strong earnings growth, the bank said.

Persons: —, Joe Biden, Donald Trump —, Trump, Zhan, Eli Lilly, Tesla, Hannah Latham, Octavio Jones, Christian Rodriguez, Laura MacPherson, Jenny Chang, Rodriguez, they're, Goldman Sachs, Biden, Barry Sternlicht, Fernando Gutierrez, It's, Elon Musk, TikTok, Pete Ryan, RJ Scaringe, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, pharma, Business, Tesla, Microsoft, JPMorgan, Pfizer, Novo Nordisk, Bank of America, Nvidia, Companies, Fed, Infrastructure Investment, Alpha, Commission, Elon, EV, Nike, Congress, White, Meta, SXSW Locations: China, US, New York, London

☆ Ray Dalio says the U.S. stock market 'doesn't look very bubbly'
▼ + stars: | 2024-02-29 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Billionaire investor Ray Dalio believes that the U.S. stock market is not in a speculative bubble. "When I look at the U.S. stock market using these criteria, it — and even some of the parts that have rallied the most and gotten media attention — doesn't look very bubbly," he said in a new LinkedIn post published Thursday. .SPX 1Y mountain S & P 500 The S & P 500 is wrapping up its fourth winning month after hitting a new all-time high on the back of continued enthusiasm surrounding artificial intelligence. Dalio said the valuation of the Mag 7 names are slightly expensive but not excessively so. Nvidia's two-year forward price-to-earnings ratio is around 37 today, while Cisco's multiple hit 100 at the height of the internet bubble, Dalio noted.

Persons: Ray Dalio, Dalio Organizations: Bridgewater, LinkedIn, Cisco

☆ It's time to get rid of the 'Magnificent Seven' moniker, according to Wolfe Research
▼ + stars: | 2024-02-27 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

So-called Magnificent Seven stocks Apple , Alphabet and Tesla may no longer be living up to that title, according to Wolfe Research. "It's really more like the Mag 4 or Fab 4 these days," Wolfe Research managing director Rob Ginsberg wrote Monday. " The meteoric rise of the "Magnificent Seven" stocks — Apple, Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia and Tesla — lifted the S & P 500 to a 24.2% gain in 2023. But Ginsberg said Apple, Alphabet and Tesla are ripe for exclusion from the Magnificent Seven. AAPL YTD mountain Apple shares in 2024 Apple shares have slipped roughly 10% from their December 2023 high, Ginsberg said, and they are off by about 6% in 2024.

Persons: Wolfe, Rob Ginsberg, Evelyn, Ginsberg, Tesla Organizations: Wolfe Research, Microsoft, Nvidia, Tesla, Evelyn Partners, Dow, Apple

☆ Small caps and emerging markets are investable sectors outside the 'Mag 7', says Richard Bernstein
▼ + stars: | 2024-02-27 | 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 EmailSmall caps and emerging markets are investable sectors outside the 'Mag 7', says Richard BernsteinRichard Bernstein, Richard Bernstein Advisors CEO & CIO, joins 'Power Lunch' to discuss finding opportunities outside of the 'Magnificent 7'.

Persons: Richard Bernstein Richard Bernstein, Richard Bernstein

☆ The not-so Magnificent 7: Alphabet and Apple
▼ + stars: | 2024-02-27 | 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 EmailThe not-so Magnificent 7: Alphabet and AppleThe Investment Committee debate the 2 "Mag 7" stocks, Alphabet and Apple, that aren't living up to the 'magnificent' title.

Organizations: The Investment

☆ Here's why investors should stop worrying so much about concentration risk in the market
▼ + stars: | 2024-02-23 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The World(MSCI All Country World Index weighting)Entire U.S. stock market: 63%Japan, UK, Canada, France, Hong Kong/China combined: 17.5%Magnificent 7: 17%Source: Dimensional FundsThat seems crazy, no? For example, in the mid-1960s the concentration of the top 10 was over 40% of the S&P 500. Investors who own the S&P 500 don't have to pick those winners; they just go along for the ride. Second, U.S. stocks are global market leaders, and when a small group becomes market leaders it almost always means the U.S. stock market outperforms the world. The U.S. stock market, which was roughly 40% of the global market capitalization a short while ago, is now roughly 50% of global market capitalization.

Persons: Gregory Rowe, Berkshire Hathaway, Lilly, It's, — Organizations: New York Stock Exchange, Berkshire, Broadcom, Nvidia, Eck Semiconductor, Dimensional Fund Advisors, FS Investments, IBM, American Express, General Electric, Polaroid, Xerox, U.S, Baidu, SAP, Siemens, United, Shell, AstraZeneca, HSBC Locations: New York City, Miami Beach, Japan, UK, Canada, France, Hong Kong, China, U.S, Germany, United Kingdom

☆ Outside of the Mag 7, Arm is a great way to invest in AI, says Tiffany McGhee
▼ + stars: | 2024-02-23 | 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 EmailOutside of the Mag 7, Arm is a great way to invest in AI, says Tiffany McGheeTiffany McGhee, CEO and CIO of Pivotal Advisors, discusses the Magnificent 7, portfolio management, and her top stock picks.

Persons: Tiffany McGhee Tiffany McGhee

☆ I ditched my smartphone for 12 months but it was a bad decision
▼ + stars: | 2024-02-21 | by ( William Haigen | ) www.businessinsider.com time to read: +5 min

When my iPhone suddenly stopped working 12 months ago, my immediate reaction surprised me. Like, according to PC Mag 67% of millennials, I’ve tried and failed to spend less time on my phone. I’ve downloaded all of the productivity apps, tried making rules and systems, and read books about breaking bad habits — to no avail. WhatsApp only works if you have a smartphone, so friends and family who don’t use Facebook Messenger are nearly uncontactable. I’ve become quite accustomed to not even having my phone on or taking it with me everywhere I go.

Persons: I’ve, Steve Jobs ’, overstimulation, I’m, —, Hyperconnectivity Organizations: Service, Business, Nokia

☆ Jim Cramer grades the latest round of Magnificent 7 earnings
▼ + stars: | 2024-02-21 | by ( Jim Cramer | ) 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 EmailJim Cramer grades the latest round of Magnificent 7 earnings'Mad Money' host Jim Cramer takes a look back at all the Mag 7 results from this most recent round of earnings.

Persons: Jim Cramer

☆ The Magnificent 7 'acquit' themselves this earnings season, says Jim Cramer
▼ + stars: | 2024-02-21 | by ( Jim Cramer | ) 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 EmailThe Magnificent 7 'acquit' themselves this earnings season, says Jim Cramer'Mad Money' host Jim Cramer takes a look back at all the Mag 7 results from this most recent round of earnings.

Persons: Jim Cramer

☆ Tuesday, Feb. 20, 2024: The Investing Club breaks down why it trimmed this big bank stock
▼ + stars: | 2024-02-20 | by ( ) www.cnbc.com time to read: 1 min

Tuesday, Feb. 20, 2024: The Investing Club breaks down why it trimmed this big bank stockJim and Jeff discuss this 'Mag 7' semiconductor stock ahead of its highly awaited earnings report. They also talk about trimming this bank stock. Finally, they discuss this cybersecurity stock.

Persons: Jeff

☆ Magnificent 7 profits now exceed almost every country in the world. Should we be worried?
▼ + stars: | 2024-02-19 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Michael M. Santiago | Getty ImagesThe so-called "Magnificent 7" now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise in the profits and market capitalizations of the Magnificent 7 U.S. tech behemoths — Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla — outstrip those of all listed companies in almost every G20 country, the bank said in a research note Tuesday. Of the non-U.S. G20 countries, only China and Japan (and the latter, only just) have greater profits when their listed companies are combined. Deutsche Bank analysts highlighted that the Magnificent 7's combined market cap alone would make it the second-largest country stock exchange in the world, double that of Japan in fourth. However, this level of concentration has led some analysts to voice concerns over related risks in the U.S. and global stock market.

Persons: Michael M, Jim Reid, Deutsche, Reid, Tesla, Evelyn Partners, Daniel Casali, Evelyn, Casali Organizations: New York Stock Exchange, Santiago, Getty, Deutsche Bank, Microsoft, Nvidia, Tesla, Apple, Amazon, Evelyn Partners Locations: New York City, China, Japan, France, Saudi Arabia, U.S

BOSTON (AP) — With back-to-back Super Bowl victories for the hometown Chiefs, Kansas City football fans gathered for another championship parade and a second celebratory pep rally in a row. Not because the Chiefs, with star quarterback Patrick Mahomes still just 28 years old, can’t win another NFL title. “They have to think twice about having these parades,” said former Boston Police Commissioner Bill Evans, who in 38 years with the department worked 12 championship parades and the aftermath of the 2013 Boston Marathon bombing. The event included a parade down Grand Boulevard, followed by a rally in front of Union Station. But that's a difficult proposition for large, open venues like where the Kansas City rally was held, or the 26.2-mile Boston Marathon course.

Persons: Patrick Mahomes, can’t, “, ”, Bill Evans, Stacey Graves, –, Quinton Lucas, Patrick's, ” Evans, Ed Davis, Evans, there’s, ” Davis, Davis, “ Everybody's, “ Everyone’s Organizations: BOSTON, hometown Chiefs, Kansas City, Chiefs, NFL, Boston Police, Marathon, San Francisco 49ers, Super, Nuggets, NBA, Texas Rangers, Bowl, Arrowhead, U.S, Secret, Louisiana, Boston Marathon, Paris Olympic, Boston, Boston Red Sox, Police, Boston College Locations: Kansas City, Denver, St, America, New Orleans, Salt Lake City, Kansas

☆ These 2 under-the-radar stocks are outperforming during the sell-off and ready to breakout
▼ + stars: | 2024-02-14 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

Only 10% (or about 50) of the S & P 500's holdings advanced on Tuesday's market-wide sell-off, which is an extremely low amount. Being up on a very big down session isn't the only thing that the stocks have in common. In fact, they are two of just 10 S & P 500 holdings currently trading over the $1L mark. Primed to outperform the market again All that said, AZO and ORLY have not outperformed the S & P 500 over the last two years. But their recent relative lines vs. the SPX now resemble the patterns from 2019-21, right before strong relative moves commenced.

Persons: AZO, they've, Frank Cappelleri Organizations: O'Reilly Automotive, ORLY, & $ Locations: ORLY, AZO's, …, AZO

☆ Treasury Partners' Rich Saperstein still likes the long-term growth of the Magnificent 7
▼ + stars: | 2024-02-13 | 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 EmailTreasury Partners' Rich Saperstein still likes the long-term growth of the Magnificent 7Rich Saperstein, Treasury Partners founding principal, joins 'Closing Bell' to discuss small caps and the stocks outside of the 'Mag 7'.

Persons: Rich Saperstein Organizations: Treasury Partners

☆ Berkshire Hathaway topped $600,000 a share last week, aiming at $1 trillion market value
▼ + stars: | 2024-02-11 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

The swift rally has pushed Berkshire's market cap above $863 billion as of Friday's close, making it the seventh most valuable company in the U.S. Road to 600k It took Berkshire Class A shares about two years to go from $500,000 to $600,000. In terms of market cap weighting and earnings contribution to the S & P 500, Berkshire is now the best candidate to join the crowd, Strategas said. High price tag Berkshire's original Class A shares carry one of the highest price tags on Wall Street . Berkshire's Class B shares have gained more than 11% this year and also hit an intraday record of $399.15 earlier this week.

Persons: Warren Buffett's Berkshire Hathaway, Tesla, Tesla —, Eli Lilly, Strategas, Buffett, Ben Graham Organizations: U.S, BNSF Railway, Geico Insurance, U.S ., PetroChina, Alleghany, Occidental Petroleum, Microsoft, Apple, Nvidia, Tesla, Strategas Securities, Broadcom Locations: Warren Buffett's, U.S, Omaha, Berkshire, Saudi Aramco

☆ The 'Mag 7' will see a break and pullback, warns Deepwater's Doug Clinton
▼ + stars: | 2024-02-09 | 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 EmailThe 'Mag 7' will see a break and pullback, warns Deepwater's Doug ClintonDoug Clinton, Deepwater Asset Management managing partner, joins 'Closing Bell' to discuss the sustainability of mega cap gains.

Persons: Deepwater's Doug Clinton Doug Clinton Organizations: Deepwater Asset Management

☆ The chief strategist at Citi Global Wealth shares his top growth investments for a resilient economy in 2024 — including his highest-conviction commodity that will triple its demand by 2030
▼ + stars: | 2024-02-07 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Inflation was certainly severe and very troubling for markets, but ultimately its sources were transitory, Wieting said. As other energy-based companies and commodities grapple with a transition to clean energy, copper is expected to reap the benefits. The transition to clean energy and the move toward electric vehicles means demand for copper will triple by 2030, according to Citi Global Wealth's 2024 outlook. He believes the Magnificent Seven will be a strong part of the economy going into 2024 once again. Therefore, investors should look for opportunities in mid-cap growth or those within the S&P 400, the benchmark for the US mid-cap stocks.

Persons: Steven Wieting, Wieting Organizations: Federal, Citi Global Wealth, Business, Housing, Citi Global

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