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☆ Sun Valley: Welcome to the secret summer camp for billionaires
▼ + stars: | 2024-07-09 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

The vibe is trail-dad chic — think puffy Patagonia vests and Apple watches and stealth-wealth cashmere pullovers. Sun Valley is also widely believed to be the place where Jeff Bezos decided to buy The Washington Post, and the site of the meet-cute between Comcast and NBC Universal. There are also some notably absent names from the guest list this year. Bob Iger, CEO of Disney and one of the most recognizable business leaders on the planet, wore a name tag and aviators at last year's Sun Valley summit. Questions about President Joe Biden’s ability to campaign have wealthy donors and Democratic officials in a tizzy.

Persons: ”, Jeff Bezos, Warren Buffett, Sam Altman, Bob Iger, Tim Cook, Meta’s Mark Zuckerberg, Google’s Sundar Pichai, Rupert Murdoch, Oprah Winfrey, David Zaslav, Zaslav, Kevin Dietsch, There’s Buffett, Greg Abel, Buffett, Astrid, Elon Musk, Joe Biden’s, Gretchen Whitmer, Josh Shapiro, Wes Moore, Biden, it’s, Hamilton Nolan Organizations: New, New York CNN, Friedman, Allen & Company, Washington Post, Comcast, NBC Universal, Idaho Mountain Express, Disney, Warner Bros, Bloomberg, Variety, Discovery, Paramount, Democratic Locations: New York, Hailey , Idaho, Sun Valley , Idaho, Idaho, America, Sun

☆ This software stock is about to hit heavy resistance. How to trade it with options
▼ + stars: | 2024-07-09 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

I believe Salesforce shares are about to hit resistance and there's an options trade that will win if the stock falters. Salesforce (CRM) dropped an eye-popping 22% despite beating earnings estimates in its last earnings report on May 29. As is common with growth stocks, which trade at a high valuation, beating earnings estimates is important, but even more crucial is forward guidance. The trade To construct my trade, I am selling a $265 call option which happens to coincide with upside gap fill resistance and buy a $270 call option as a single unit. As long as CRM doesn't go above $265 by my expiration date, this trade will return 30% ROI in 18 short days.

Persons: Nishant Pant Organizations: CRM, CNBC, NBC UNIVERSAL

☆ Bitcoin is holding support and ready to make another run at a record, according to the charts
▼ + stars: | 2024-07-09 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

That pullback has materialized and according to our Elliott Wave analysis of the bitcoin chart, support has possibly been formed in the zone of $59k - $49k. Looking at the 3-chart overlay below you'll find bitcoin, gold, and US 10-year yields since 2020. First is that gold and Bitcoin (blue and orange) have a very close positive correlation. Pulling it all together higher rates have a negative impact on all three; bitcoin, gold, and the stock market, which are all showing a positive relationship in recent months. In summary, being very bullish on the stock market, I would like to see bitcoin and gold move higher along with lower US yields.

Persons: Bitcoin, Elliott, Todd Gordon, Gordon, IBIT Organizations: Tactical Alpha, Edge, Inside Edge, CNBC, NBC UNIVERSAL Locations: bitcoin

☆ This industrial stock reporting Friday could indicate an economic slowdown. How to trade it
▼ + stars: | 2024-07-08 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

With earnings season kicking off, we'll break down an industrial stock reporting Friday and how to trade it. Historically, Alcoa Inc. marked the start of earnings season, being one of the first major companies to report results. It has underperformed the S & P year-to-date, down nearly 2.5% and declining more than 20% since the late March highs. The company's sales data, reflecting real-time demand for industrial and construction supplies, is closely linked to economic health. The trade Given the expectation that the stock is unlikely to rebound on earnings, a calendar spread could be a suitable trade.

Persons: Wells Fargo, Wells, we're Organizations: Alcoa Inc, JPMorgan Chase, Citigroup, Fastenal, CNBC, NBC UNIVERSAL Locations: Wells, U.S, United States, Fastenal

☆ French stocks ETF looks poised to resume uptrend following election, according to the charts
▼ + stars: | 2024-07-08 | by ( Katie Stockton | ) www.cnbc.com time to read: +3 min

Despite the pullback, a primary uptrend remains in place for the CAC 40, in addition to the related iShares MSCI France ETF (EWQ) . Both proxies for French stocks appear to be finding their footing, which suggests that the market is welcoming the latest news regarding the election. Once the final outcome is determined, it would be natural for investors to respond favorably to the removal of uncertainty, particularly given the oversold status of French stocks. This suggests a counter-trend phase of outperformance is possible for French stocks versus U.S. stocks. Recent stabilization in many French stocks shows a positive reaction to widespread intermediate-term oversold conditions, which we gauge using the weekly stochastic oscillator.

Persons: LVMH Moet Hennessy Louis Vuitton, Katie Stockton Organizations: CAC, CNBC, NBC UNIVERSAL Locations: France, EWQ

☆ A buying opportunity in a consumer stock with a long-term bullish trend, according to the charts
▼ + stars: | 2024-07-05 | by ( David Keller | ) www.cnbc.com time to read: +4 min

I'm always on the lookout for stocks with ideal technical set-ups, and my favorite one is a chart with a long-term uptrend and short-term pullback. I actually call this setup a "fat pitch" chart. So when a chart is in a primary uptrend, and then has a decent pullback to make a higher low, this fat pitch chart can often provide a fantastic "buy on the dips" opportunity. We can also see that the RSI is currently just above the 40 level, which tells us that the price momentum remains fairly bullish despite the recent price pullback. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: I'm, CROX, that's, trendline Organizations: Crocs, Inc, CNBC, NBC UNIVERSAL

☆ A low-cost way to bet on the Tesla comeback using options
▼ + stars: | 2024-07-05 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

I believe Tesla (TSLA) remains one of the purest AI plays available to investors and has even more room to go higher as shorts cover their positions and investor enthusiasm reignites. The recent surge in TSLA's stock price has changed sentiment as Tesla seemingly has regained its mojo. Another key milestone event lays ahead at the August robotaxi event. However, I do have concerns that the robotaxi event could disappoint and I suggest traders to manage any and all Tesla risk prior to that event. Also, I chose an end of July expiration date for this spread which is about a week before the much anticipated robotaxi event.

Persons: reignites, Elon Musk, Tesla, TSLA Organizations: mojo, Tesla, CNBC, NBC UNIVERSAL Locations: China

☆ An options bet that wins if homebuilder stocks continue to weaken under high rates
▼ + stars: | 2024-07-03 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

Back in late May I published a bearish thesis on the homebuilders and laid out a trade for D.R. Since then, homebuilders have continued to underperform the S & P 500 and as 10-year yields continue to climb back towards 4.5%. I believe that there is further downside and currently there is another opportunity to take another bearish trade on DHI. Just earlier this week the $140 support level was broken and we can now confirm a new bearish trend. The total risk on this trade would be $625 per contract if DHI is above $140 at expiration.

Persons: Horton, homebuilders, DHI Organizations: D.R, CNBC, NBC UNIVERSAL Locations: DHI

☆ How to construct a winning options strategy on a software stock that had a big June
▼ + stars: | 2024-07-02 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

The charts indicate the TurboTax maker could be caught in a trading range from here and I've got an options strategy that wins if it remains stuck. An Iron Condor is a great trade structure to use when dealing with trading ranges like this one. To construct an Iron Condor, all I have to do is sell a call credit spread and a put credit spread at the same time. Most trading platforms will allow you to put this trade as one unit by selecting "Sell Iron Condor" as the trade structure. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: I've, INTU, Nishant Pant Organizations: Intuit, Condor, Iron Condor, CNBC, NBC UNIVERSAL

☆ A full breakdown of the S&P 500's chart and what it indicates about the second half
▼ + stars: | 2024-07-02 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +5 min

Let's look at what the the S & P 500's first half taught us about the chances for more gains in the second half. From Q1 1995 through Q2 1998, the S & P 500 was up 14 straight quarters. Below are four important factors we're continuing to watch closely into the year's second half. 116 of them are up more than the S & P 500 (+14.8%) through July 1 st , 2024. Good closes The S & P 500 has closed above its intra-day mid-point 77/125 trading days through Monday.

Persons: We've, That's, they'll, Frank Cappelleri Organizations: CNBC, NBC UNIVERSAL

☆ Cathie Wood's ARK Innovation ETF poised to break out of its sideways trading, according to the charts
▼ + stars: | 2024-07-01 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: Cathie, ARKK, Katie Stockton Organizations: Innovation, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: ARKK

☆ A market hedge if this atypical election run-up causes an S&P 500 correction
▼ + stars: | 2024-07-01 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

The S & P 500 has yielded an average return of 7.9% since 1928, the year Herbert Hoover was elected. LBJ's presidency was also notable because he chose not to seek reelection in 1968, a year with a modest S & P return of 7.7%. A market correction could be more likely now than it seemed two weeks ago, as suggested by the current pricing of S & P options. Options such as SPDR S & P 500 ETF Trust (SPY) August $535 puts are currently priced around $5.50, about 1% of SPY's price, while S & P 500 5350 puts are around $50. SPY YTD mountain SPDR S & P 500 ETF Trust If a correction does occur, investors could monetize, roll, or spread the hedge.

Persons: Herbert Hoover, Hoover, Carter, George H.W, George H.W . Bush, LBJ's, Trump Organizations: Trump, JFK, FDR, Nvidia, Trust, Democratic National Convention, CNBC, NBC UNIVERSAL Locations: George H.W .

☆ Redbox's parent company stopped paying employees for over a week before finally filing for bankruptcy
▼ + stars: | 2024-06-30 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewRedbox's parent company hasn't paid its employees in over a week amid financial woes that ultimately resulted in Chapter 11 bankruptcy. Chicken Soup for the Soul Entertainment filed for bankruptcy protection on Friday, and Redbox Entertainment filed the following day, according to online records. Chicken Soup for the Soul Entertainment completed a $370 million deal to acquire Redbox Entertainment in 2022. AdvertisementRepresentatives for Chicken Soup for the Soul Entertainment did not respond to a request for comment from Business Insider. Chicken Soup for the Soul recently settled with NBC Universal but missed the first payment, according to the Verge.

Persons: —, hasn't, haven't, hadn't, Justin Sullivan Organizations: Service, Soul Entertainment, Redbox Entertainment, Business, Getty, Employees, Hollywood, NBC Universal

☆ An options trade that wins if the red-hot chip trade cools off in the second half
▼ + stars: | 2024-06-28 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

Although Micron (MU) has not had Nvidia's meteoric performance, it has been a stellar stock, doubling in the last year and up over 50% in 2024. The AI boom has buoyed memory chips higher as these chips have become a more important component for artificial intelligence accelerators. However, the possibly unrealistic bar now being set for AI earnings reports saw Micron drop more than 7% on high volume. I want to express a short-term bearish view in Micron as I believe further profit-taking will occur in the third quarter. Micron is one of the largest semiconductor companies in the world, specializing in high-bandwidth memory and storage chips.

Persons: Long Organizations: Micron, Nvidia, JPMorgan, MU, CNBC, NBC UNIVERSAL Locations: CapEx

☆ Using options to bet on a Nike turnaround as earnings loom
▼ + stars: | 2024-06-27 | by ( Michael Khouw | ) www.cnbc.com time to read: +3 min

Nike, which reports earnings after the bell Thursday, is trading at less than 24 times forward earnings. That's well below the longer-term average of about 29 times forward earnings. On Wednesday, Nike traded more than two times its average daily options volume. The most active call options were the September 100 calls, 8,000 of which traded at an average price of around $3.22. Declining sales (inflation-adjusted) and market share, leading to declining investor confidence, explain the lower-than-average historical multiple.

Persons: Nike's Organizations: Nike, Wednesday, North, Bloomberg, Dick's Sporting Goods, Olympic, CNBC, NBC UNIVERSAL Locations: —, NKE, China, Asia, Pacific, America, Europe, Middle East, Africa

In a more defensive environment, we instead gravitate to lower volatility, higher dividend-paying stocks. By October, AT & T had pounded out a series of higher lows, confirming a rotation to a bullish trend. As a long-term trend gauge, I would assume that any price action above this trendline is still within the context of a bullish phase. I've also drawn a short-term trendline in pink, lining up the price lows in April, May, and June. Since an uptrend is formed by a pattern of higher highs and higher lows, then a consistent short-term uptrend would most likely remain above this trendline.

Persons: we've, I've, I'm, David Keller Organizations: CMT, CNBC, NBC UNIVERSAL, & $

The iShares U.S. Pharmaceuticals ETF (IHE) is up 9% since July 2015, when it hit a fresh all-time high. All of the back-and-forth movement since 2015 has produced what could be a monstrous bullish pattern. But we're trying to capture a major breakout from an area that's done next to nothing in nearly a decade. INVA, on the other hand, bottomed in March 2023, and just recently broke out of a large inverse head & shoulders pattern. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: IHE, Eli Lilly, Johnson, JNJ, MRK, Frank Cappelleri Organizations: U.S . Pharmaceuticals, IHE, Merck, CNBC, NBC UNIVERSAL Locations: U.S, LLY

☆ How to get long an energy stock with substantial comeback potential, according to options trader
▼ + stars: | 2024-06-26 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

SLB (SLB) has been on our radar for some time and its recent underperformance produces an interesting opportunity to gain long exposure with substantial upside potential. That's nearly a 35% discount to the average S & P 500 stock, implying that the technical upside target is well within its historical valuation range. With low volatility, options prices on SLB are extremely inexpensive and would benefit from a simple strategy such as buying a call option. Additionally, we are only risking 7.7% of the stock's price to gain unlimited upside exposure. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: SLB, That's Organizations: CNBC, NBC UNIVERSAL

Here's an update on the chart in a breakout shoemaker that is giving Nike a run for its money. In May, I wrote about On Holding AG (ONON) ahead of its earnings with a buy recommendation. You'll notice that the stock popped on the week of May 14th following the earnings report above the 2023 highs of $36.90. Looking at the valuation, NKE is trading about 26 times 2024 expected earnings and 25 times 2025 expected earnings. DECK is ranging from 10% to 20% revenue growth from the same period last year and ONON is running from 20% to 33% revenue growth.

Persons: NKE, outperformance, ONON, Roger Federer, Todd Gordon, Gordon Organizations: Nike, Holding, Inside Edge, CNBC, NBC UNIVERSAL

☆ A bearish options trade that wins if Nvidia and the QQQs continue to cool off
▼ + stars: | 2024-06-25 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Nvidia (NVDA) is finally showing signs of profit-taking, suggesting that the entire technology sector might be ready for a breather. This could present many bearish trading setups in various stocks because of the influence Nvidia has had leading the AI bubble. For now, let's focus on making a bearish trade in the Invesco QQQ Trust , an ETF that tracks the Nasdaq 100 index. The Trade The trade structure I have chosen here is called a Bear Call Spread also known as a Call Credit Spread. As long as QQQ stays below $483 in the next 17 days, this trade will return a 38% ROI on the money risked.

Persons: Nishant Pant Organizations: Nvidia, Trust, CNBC, NBC UNIVERSAL

☆ Tesla setting up for a counter-trend rally, according to the charts
▼ + stars: | 2024-06-24 | by ( Will Tamplin | Fairlead Strategies | ) www.cnbc.com time to read: +7 min

However, our technical indicators suggest a bigger counter-trend rally could be in store for TSLA in the weeks ahead. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: TSLA Organizations: Nvidia, TSLA, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: TSLA

☆ How to trade Carnival before earnings using options
▼ + stars: | 2024-06-24 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Both the dividend and debt levels have important implications for the stock's volatility, the price of options generally, and the relationship between the price of puts and calls. The trade All else equal, higher levels of corporate debt increase leverage and, therefore, the volatility of a company's equity. Carnival's options are nearly twice as expensive now as they were at the end of 2019, but the higher levels of debt justify higher prices. Typically, we do not recommend selling covered calls into earnings unless options prices are very high, as earnings provide a catalyst that can move a stock. In this case, an 8% implied move is substantial, but due to the high debt levels, it merely represents a fair price for the options.

Persons: Francis Scott Key Organizations: Management, CNBC, NBC UNIVERSAL Locations: Baltimore, Norfolk , Virginia

☆ S&P 500 levels to watch if troubling chart patterns in Nvidia and other tech mean a sell-off is near
▼ + stars: | 2024-06-21 | by ( David Keller | ) www.cnbc.com time to read: +5 min

Some concerning candle patterns for leading technology names have caused me to focus on potential downside targets for the S & P 500 . To be clear, this is a short-term pattern, and is really just intended to inform our thinking for the next couple trading sessions. The most important level to watch is S & P 5,200, which would represent about a 5% pullback from the recent market peak. A move below S & P 5200 would cause me to revisit long positions and start to raise cash due to an elevated risk of a correction. If and when the S & P pushes below 4950, I would be positioned way more defensively, waiting for some signs of accumulation to emerge.

Persons: I've, David Keller Organizations: Nvidia Corp, Semiconductor, Nvidia, Micron Technology, CMT, CNBC, NBC UNIVERSAL

☆ Elon Musk softens 'go f--- yourself' comment as he tries to woo advertisers back to the platform
▼ + stars: | 2024-06-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

At the Cannes Lions advertising festival in Cannes, France, Musk was asked by WPP CEO Mark Read why he told advertisers threatening to pull ads from the platform late last year to "go f--- yourself." Musk said it was meant as a general point on free speech rather than a comment to the wider advertising industry. "In some cases, there were advertisers who were insisting on censorship," Musk said. "We're going to support free speech rather than agree to be censored for money which I think is the right moral decision," he added. He was joined by Linda Yaccarino, X's CEO and former chairman of global advertising and partnerships for NBC Universal.

Persons: Musk, Elon Musk, Mark Read, Linda Yaccarino Organizations: Cannes Lions, WPP, Cannes, NBC Universal Locations: Cannes, France

☆ Why the Big TV companies aren't 100% completely screwed. Yet.
▼ + stars: | 2024-05-14 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Big TV used to have a monopoly on our attention — and our wallets. This mirrors the pitch big TV companies are making this week in New York to advertisers. AdvertisementThe Big TV guys are screwed, right? AdvertisementAnd here to make that argument is Nielsen, which has a new way of tracking attention among media companies — including digital upstarts. And in this version, the TV guys are still sticking around.

Persons: aren't, —, They're, Nielsen, It's, it's Organizations: Service, NFL, Business, Netflix, Disney, ABC, ESPN, Hulu, Paramount, CBS, NBC Universal, YouTube, Nielsen Locations: New York

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