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☆ Goldman forecasts just a 3% S&P 500 annual return the next 10 years, down from 13% the last decade
▼ + stars: | 2024-10-21 | by ( John Melloy | ) www.cnbc.com time to read: +2 min

The S & P 500 returned 13% annually the last 10 years, above the long-term average of 11%, according to Goldman. Goldman's bearish long-term forecast comes just as the S & P 500 has entered the third year of a bull market, garnering a 27% annual total return the last two years. "The current high level of equity valuations is a key reason our 10-year forward return forecast sits at the lower end of the historical distribution," stated the note. The firm said the equal-weight S & P 500 would produce higher returns than the regular benchmark because of the concentration risk. The Invesco S & P 500 Equal Weight ETF (RSP)F tracks an equally distributed version of the index.

Persons: Goldman Sachs, David Kostin, Goldman, Goldman's Organizations: Nvidia

☆ Rising bond yields whack stocks, again. But our second-biggest holding hits new high
▼ + stars: | 2024-10-21 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. In his Sunday column , Jim Cramer wrote about how big money going into S & P funds impacts the overall market. 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, James Gorman, Jan, Morgan Stanley, Bob Iger's, Morgan Stanley's, Jim Cramer's, Jim Organizations: CNBC, Treasury, Nvidia, Fellow Club, Disney, Honeywell, United Parcel Service, Corp, Boeing, Jim Cramer's Charitable Locations: Monday's

☆ Diversify away from the growth concentration in the S&P 500, says value investor Bill Nygren
▼ + stars: | 2024-10-21 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

There are too many investors in the so-called Magnificent Seven and it's time to move away from them, according to value investor Bill Nygren. While there has been some rotation out of high-flying tech names into smaller stocks, the small-cap Russell 2000 still lags the S & P 500 for the year. "We think it's a really good time for an investor to diversify away from the concentration in the S & P 500," Nygren, Oakmark Funds chief investment officer and portfolio manager, said Monday on CNBC's " Money Movers ." Nygren highlighted automotive parts supplier Genuine Parts as a name he likes. Genuine Parts is currently at around 16 times trailing earnings, well below the S & P 500's multiple of 27.7, per FactSet.

Persons: Bill Nygren, Russell, Nygren, William Stengel, Stengel, Rob Davis Organizations: Nvidia, Meta, Oakmark Funds, Industrial Technologies, Merck

☆ What to know about Perplexity, the buzzy — and controversial — AI startup targeting a big funding round
▼ + stars: | 2024-10-21 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +5 min

Perplexity is eyeing a massive funding round this year, The Wall Street Journal had reported. The Times alleged that Perplexity was violating copyright laws by using its content to create news summaries, according to Reuters. In a statement to Reuters, Srinivas said: "We are very much interested in working with every single publisher, including The New York Times. AdvertisementOn Monday, the Journal and New York Post owner News Corp. filed a lawsuit against Perplexity, also alleging copyright infringement. While Perplexity has dealt with criticism from media outlets, its rival OpenAI has struck deals with publishers to use their content.

Persons: —, Perplexity, Aravind Srinivas, Denis Yarats, Johnny Ho, Andy Konwinski, Srinivas —, Jeff Bezos, Forbes, Srinivas, OpenAI, Microsoft — Organizations: Corp, Street Journal, Service, Google, Street, New York Post, Business, Nvidia, SoftBank's, Forbes, Wired, New York Times, News Corp, The New York Times, Microsoft, Reuters, The Times, Perplexity

☆ Wall Street keeps raising price targets for sky-high Nvidia stock. Here's why analysts are still so bullish.
▼ + stars: | 2024-10-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Bank of America and Goldman Sachs are among the banks that have raised price targets in recent weeks. AdvertisementNvidia stock is trading at record highs, but that's not deterring top Wall Street analysts from being bullish. Goldman Sachs, $150 price targetGoldman analysts raised their price target to $150 from $135 a share, implying 6% upside from the stock's current levels. AdvertisementStrategists said they changed their price target after a meeting with Huang. Bernstein, $155 price targetBernstein raised its price target to $155 a share shortly after the chipmaker reported its second-quarter earnings in August.

Persons: Blackwell, Goldman Sachs, —, Jensen Huang, Goldman, Huang, CFRA, Angelo Zino, NVDA, Zino, Bernstein, Rasgon Organizations: Nvidia, Bank of America, Service, Wall, Bank, Blackwell, Accenture, Microsoft, ServiceNow, Foundry, CNBC Locations: bullish, CY23, Blackwell

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, Reddit, Tesla, RH, Warby Parker, UPS and more
▼ + stars: | 2024-10-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Piper Sandler reiterates Tesla as overweight Piper says it's sticking with Tesla heading into earnings later this week. Morgan Stanley initiates BioAge Labs at overweight Morgan Stanley says the biotech company is well positioned. " Goldman Sachs upgrades Warby Parker to buy from neutral Goldman sees customer growth for the eyewear company. Morgan Stanley reiterates Home Depot as overweight Morgan Stanley raised its price target on Home Depot to $450 per share from $380. Morgan Stanley downgrades ServiceNow to equal weight from overweight Morgan Stanley said that expectations are already priced in to the stock.

Persons: John Donovan, Piper Sandler, Tesla, Piper, it's bullish, Morgan Stanley, Goldman Sachs, Warby Parker, Needham, Reddit, Gary Friedman, Jack Preston, Baird, TD Cowen, Cowen, Prologis, Goldman, Craig Felenstein, Jim Bombassei, Morgan Stanley downgrades ServiceNow Organizations: Deutsche Bank, GE Vernova, Deutsche, General Electric, BioAge, Barclays, UPS, FedEx, Dominion, Goldman, Nvidia, AMD, Mohawk Industries, JPMorgan, China EV, Catalyst, Bank of America, Fortune Locations: GitLab, NVDA, Europe, U.S, Las Vegas, China

☆ The Magnificent 7 stocks ranked from a tech investor that owns all of them
▼ + stars: | 2024-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Tech investor Ray Wang — who owns all Magnificent Seven stocks — laid out his rankings of favored tech plays on Monday. Wang equated the AI expansion to the Amazon 's early e-commerce buildout. Amazon is Wang's second favorite Magnificent Seven pick, followed by pure-play AI beneficiaries Microsoft and Alphabet . Wang also expects the company — along with Alphabet — to benefit from the political advertising season underway. Here's how each Magnificent Seven member is doing year to date: Nvidia: up 182% Amazon: up 22.8% Microsoft: up 10% Alphabet: up 17% Apple: up 22% Tesla: Down 12.4% Meta Platforms: up 61%

Persons: Ray Wang —, CNBC's, Wang, Tesla, Elon Organizations: Constellation Research, Nvidia, Microsoft, Apple

☆ The S&P 500's golden decade of returns is over, Goldman says
▼ + stars: | 2024-10-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

The S&P 500 will see annualized returns of 3% over the next 10 years, says Goldman Sachs. By its calculation, the S&P 500 has about a 72% chance of trailing bonds, and a 33% probability of lagging inflation through 2034. These stocks include tech large-caps such as Nvidia and Alphabet, whose performance has driven the S&P 500 more than 20% higher year-to-date. The same issue plagues a highly concentrated index," Goldman said. According to Goldman, S&P 500 firms that have consistently generated over 20% revenue growth underwent a sharp drop off after 10 years.

Persons: annualized, Goldman Sachs, That's, —, Goldman, that's Organizations: Service, Nvidia

☆ Top Wall Street analysts like these stocks for their growth prospects
▼ + stars: | 2024-10-20 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

To this end, top Wall Street analysts, with their expertise, can help investors understand the key drivers that could support a company's long-term growth and pick stocks that are likely to deliver lucrative returns. Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Also, the analyst is confident about his Q4 revenue growth estimate of 12%, given "healthy closure rates and further pipeline building into a seasonally strong 4Q24." The company has been seeing stellar revenue growth rates, driven by robust demand for its advanced GPUs (graphics processing units) in building artificial intelligence models and applications. The analyst thinks that Blackwell's launch and ramp-up are not just near- and medium-term revenue growth drivers, but also key factors that will enhance Nvidia's competitive advantage.

Persons: Cowen, Shaul Eyal, Eyal, TipRanks, Gregg Moskowitz, Microsoft's GitHub, Moskowitz, Goldman Sachs, Toshiya Hari, Hari Organizations: Wall Street, Lacework, Mizuho, Nvidia, Dell, Hewlett Packard Enterprise Locations: billings

☆ Here's the trading playbook as data piles up in support of a 'no landing' for the US economy
▼ + stars: | 2024-10-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

Odds of a "no landing" scenario for the economy are rising amid continued strong economic data. The "no landing" scenario entails a continued run of hot economic data and growth that boosts markets but also precludes a steep rate-cutting cycle from the Federal Reserve. According to Cox, that means that short-term interest rates will drop to around 3% in the no landing scenario, even if long-term rates remain elevated. AdvertisementAfter all, a no landing scenario is the best outcome for the economy, Cox said, and given hot growth, the situation effectively tosses recession fears out the window. This would be just the fourth time in US history that the Fed has cut interest rates without a downturn, he added.

Persons: —, BofA, Reacceleration, Jamie Cox, Cox, They're, Morgan Stanley Organizations: Service, Federal Reserve, Bank of America, UBS, Fed, Nvidia, Apple

☆ Here are the 5 things that could move the stock market in the week ahead
▼ + stars: | 2024-10-20 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Earnings drove the stock market higher — can they do it again in the week ahead? But he acknowledged that timing is key because our portfolio discipline mandates that we consider lightening up our stock exposure in an overbought market. In fact, AMD was our worst-performing stock for the entire week, losing more than 7% following the prior week's 1.8% slide. Energy was the worst sector of the week for the market as oil prices sank. In the week ahead, housing numbers are the main draw on the economic front.

Persons: Jim Cramer, ASML, Morgan Stanley, WTI, industrials, We're, Sartorius, Danaher, we're, Stanley Black, Lockheed Martin, Philip Morris, Clark, Baker Hughes, Lam, DOV, CARR, Davidson, Northrop, Edwards Lifesciences, Jim Cramer's, Jim, Stocks, Tuesday's, Spencer Platt Organizations: Dow, Nasdaq, Netflix, Modelo, Corona, Constellation Brands, Taiwan Semiconductor Manufacturing Company, Nvidia, AMD, Broadcom, Club, Abbott Laboratories, Energy, Texas, Honeywell, Danaher, Federal Reserve, Treasury, SAP, Logitech, Verizon, General Motors, GE Aerospace, GE, Lockheed, Quest Diagnostics, Norfolk Southern, Polaris, Seagate Technology, Texas Instruments, Canadian National Railway Company, Boeing, GE Vernova, Fisher, Boston, General Dynamics, Hilton, Lam Research, Business Machines, IBM, Newmont, Viking Therapeutics, Vista Energy, Mattel, O'Reilly Automotive, Whirlpool, American Airlines, United Parcel Service, Southwest Airlines, Tractor Supply Company, Carrier Global, Dow Chemical, DOW, Harley, Union Pacific, Valero Energy, Hasbro, Northrop Grumman, Ryder, Boyd Gaming, Western, Boston Beer Company, York Community Bancorp, Colgate, Palmolive, Newell Brands, Jim Cramer's Charitable, CNBC, NEW, Traders, New York Stock Exchange, Getty Locations: BlackRock, CrowdStrike, U.S, Dover, Freeport, McMoRan, Kimberly, Norfolk, Las, ORLY, VALE, New York City

☆ Nvidia, Google, Microsoft and more head to Las Vegas to tout health-care AI tools
▼ + stars: | 2024-10-19 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +4 min

Costfoto | Nurphoto | Getty ImagesNvidia , Google , Microsoft and dozens of other tech companies are descending on Las Vegas next week to showcase artificial intelligence tools they say will save doctors and nurses valuable time. Based on the speaking agenda and announcements leading up to the conference, AI tools to conquer administrative burdens will be the star of this year's show. Tech companies, eager to carve out a piece of a market that could top $6.8 trillion in spending by the decade's end, argue that their generative AI tools can help. Josh Edelson | AFP | Getty ImagesGoogle, for instance, said it's working to expand its health-care customer base by tackling administrative burden with AI. Vertex AI Search for Healthcare allows developers to build tools to help doctors quickly search for information across disparate medical records, Google said.

Persons: Alex Schiffhauer, Josh Edelson, Satya Nadella, Dimas Ardian, DAX Copilot, that's, Shiv Rao, Abridge Organizations: Nurphoto, Getty, Nvidia, Google, Microsoft, Las, CNBC, Mercer, Tech, AFP, Healthcare, Google's, Bloomberg Locations: Hangzhou, China, Las Vegas, Mountain View , California, Jakarta, Indonesia

☆ One chip company's newest tactic to attract workers: Help pay off their student loans
▼ + stars: | 2024-10-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

AdvertisementWhen Morgan earned her bachelor's degree in 2018, she graduated with over $20,000 in student loan debt that she hoped to pay off by 2032. Morgan now expects to fully pay off her remaining $16,000 student debt balance by 2028 — four years earlier than planned. Morgan estimates that receiving student debt relief will allow her to pay off her loans four years ahead of schedule. MorganGlobalFoundries is betting that student debt relief will help it attract prospective employees and retain current workers. The company's student debt relief program is just another way it's trying to attract workers.

Persons: Chipmaker GlobalFoundries, —, Morgan, she's, they've, GlobalFoundries, it's, Morgan GlobalFoundries, Joe Biden, Raman, Biden, we've, Stephanie, It's Organizations: Service, Business, Semiconductor Industry Association, Oxford Economics, Nvidia, Bright, GlobalFoundries Locations: York, Malta, New York, Austin

☆ Intel seeks billions for minority stake in Altera business, sources say
▼ + stars: | 2024-10-18 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Intel is looking for a deal that values Altera at around $17 billion, said the people, who requested anonymity to speak freely about confidential information. Following a steep drop in its stock price and extended stretch of market share losses, Intel has been looking to make drastic changes. The company made overtures to a number of private equity and strategic investors this week about Altera, the sources said. Intel has expressed to some of those investors that it would be possible to acquire a majority stake in the business. Intel has previously said it could look to monetize Altera business through an IPO, possibly as soon as 2026.

Persons: Pat Gelsinger, Gelsinger Organizations: Intel Corporation, Senate Commerce, Science, Innovation, Russell, Intel, Qualcomm, Nvidia, Devices

☆ Mark Zuckerberg and Jensen Huang's combined wealth gains this year equate to the 7th richest person in the world
▼ + stars: | 2024-10-18 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg and Jensen Huang have collectively gained $150 billion this year. AdvertisementMark Zuckerberg and Jensen Huang have collectively grown over $150 billion richer this year, a figure that exceeds Warren Buffett's net worth. Huang, the CEO and cofounder of Nvidia, has gained $75.6 billion in net worth this year, second only to Zuckerberg. AdvertisementThe two tech titans have gained a combined $152 billion this year, which alone would make them the 7th richest person on earth. Zuckerberg and Huang's joint wealth has jumped to $324 billion —more than Coca-Cola ($301 billion) or Netflix ($295 billion) were worth at the end of Thursday trading.

Persons: Mark Zuckerberg, Jensen Huang, —, Warren, Zuckerberg, Elon Musk, Jeff Bezos, Huang, rade, Nvidia's microchips Organizations: Nvidia, Netflix, Service, Meta, Bloomberg, Amazon, Investors

☆ Frasse: ARM is the architecture for Apple's M-series chips.
▼ + stars: | 2024-10-18 | 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 EmailFrasse: ARM is the architecture for Apple's M-series chips. "Nick Frasse, Associate Product Manager at VanEck, discusses NVIDIA's rise and highlights ARM's growing role in designing chips for brands like Apple and Qualcomm."

Persons: Nick Frasse Organizations: ARM, Apple's, Apple, Qualcomm

☆ Bank of America hikes Nvidia price target, says shares can rally almost 40%
▼ + stars: | 2024-10-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Nvidia could be positioned for even more growth ahead, according to Bank of America. Analyst Vivek Arya reiterated his buy rating on the chip giant and raised his price target by $25 to $190. That would add to the monstrous rally it has already seen this year, with shares surging more than 176% in 2024. Not only that, Arya cited "underappreciated" enterprise partnerships with companies such as Accenture and ServiceNow as catalysts for more growth. The stock advanced around 1% in the premarket on Friday following Arya's price target change.

Persons: Vivek Arya, Jensen Huang, Blackwell, Arya, Nvidia's Organizations: Nvidia, Bank of America, Accenture, ServiceNow, Microsoft, Foundry, Apple Locations: Taiwan

☆ Don't 'demean' Tesla's bots, even if they were piloted by humans, Nvidia robotics boss says
▼ + stars: | 2024-10-18 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

Tesla's Optimus robots faced skepticism for being remotely controlled by humans at a recent event. AdvertisementTesla's Optimus robots received more skepticism last week when multiple reports confirmed that the humanoid robots working the company's "We Robot" event were remotely controlled by engineers. Optimus robots reportedly danced, poured drinks, and interacted with attendees. Both Musk and Nvidia CEO Jensen Huang, are focused on humanoid robots as increasingly advanced machine learning offers an unlocking technology for robotics. Musk has claimed that two Optimus robots are performing tasks autonomously on Tesla's factory floor.

Persons: Lebaredian, —, Optimus, Jensen Huang, Musk, Huang, Tesla, xAI's Organizations: Optimus, Service, Nvidia, Oracle

☆ Cramer sees 'nirvana moment' for the market and sorts through the big stock movers
▼ + stars: | 2024-10-18 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. 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, Jim, overbought, —, Honeywell, Stocks, Jim Cramer's Organizations: CNBC, Nasdaq, Netflix, Nvidia, Broadcom, Devices, Apple, Honeywell, American Express, Procter, Gamble, CVS Locations: China, Dover

☆ Nvidia stock has another 38% upside amid a 'generational opportunity' in AI, Bank of America says
▼ + stars: | 2024-10-18 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Bank of America analysts raised their price target for Nvidia stock to $190 a share this week. They see the AI market growing to $400 billion, giving Nvidia a "generational opportunity." AdvertisementNvidia stock has been on a tear all year, but investors can brace for even more gains ahead, Bank of America analysts say. The analysts point to exponential growth in the AI market in the coming years, which they say will give Nvidia a "generational opportunity" as the chip titan continues to strengthen its lead in the market. Nvidia's stock has skyrocketed this year, up 187% as AI continues to boom after a brief sell-off over the summer.

Persons: —, Nvidia's Organizations: of America, Nvidia, Service, Bank of America, Google, Meta, Accenture, ServiceNow, Oracle, Microsoft, Foundry

☆ BofA's Vivek Arya makes the bullish case for Nvidia, says generative AI is a long-term play
▼ + stars: | 2024-10-18 | 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 EmailBofA's Vivek Arya makes the bullish case for Nvidia, says generative AI is a long-term playVivek Arya, BofA Securities senior semiconductor analyst, joins 'Power Lunch' to discuss the bull case for Nvidia.

Persons: Vivek Arya Organizations: Nvidia, BofA Securities

☆ Taylor Swift is flexing her economic muscles again with the return of her tour and a new book
▼ + stars: | 2024-10-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Taylor Swift has a new book coming out, but how she's doing it might create some bad blood with publishers . On Tuesday, Swift announced plans to self-publish "The Eras Tour Book," a behind-the-scenes look at her record-breaking tour that'll be released exclusively at Target on Black Friday. News of a Taylor Swift book should have sent a publisher jumping for joy at the potential revenue. AdvertisementBig stars like Swift are exactly who book publishers are banking on these days. But even so, Miami, New Orleans, and Indianapolis — her remaining US tour dates — won't mind Swift coming to town.

Persons: —, Meta, Taylor Swift, Chelsea Jia Feng, Taylor, Swift, Samantha Grindell, Madeline Berg, George Walker IV, we're, Natalie Ammari, it's, Goldman Sachs, Kalshi, Donald Trump, Trump, Blackstone, Jon Gray, Walid Berrazeg, It's, Lebaredian, Uber, Dara Khosrowshahi's, Tyler Le, Matt Garman, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Target, AP, Indianapolis, Super Bowl, UBS, Getty, Financial, Wall, Blackstone, Trump, Investors, Taiwan Semiconductor Manufacturing, TSMC, Optimus, Financial Times, Netflix, American Express Locations: Miami, Miami , New Orleans, Glendale , Arizona, Hsinchu, ASML, Texas, California, New York, London

☆ Earnings next week will determine whether stocks still have further to run
▼ + stars: | 2024-10-18 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Earnings next week will be key to where stocks head from here. While roughly one-tenth of S & P 500 companies reported over the past week, about 20% of the broader index plans to report next week. He noted that the S & P 500 is trading at a 40% premium to its long-term P/E ratio, while tech stocks are trading at upwards of 60%. For the Dow Jones Industrial Average and S & P 500 , it's the first such streak going back to December 2023. Meanwhile, the equal-weighted S & P 500 slightly outpaced the market-cap weighted benchmark this week, a bullish signal for sectors such as health care.

Persons: Sam Stovall, Stovall, FactSet's John Butters, Butters, it's, Tesla, Lockheed Martin, Russell, Nelson Yu, Harker Organizations: U.S, CFRA Research, Dow Jones Industrial, Nasdaq, Lockheed, GE Aerospace, Business Machines, General Motors, Verizon Communications, United Parcel Services, Southwest Airlines, Nvidia, Philadelphia Reserve, Chicago, PMI, New, . Kansas City Fed Manufacturing Locations: Independence, Philadelphia, . Kansas

☆ S&P 500 eyes another record close — plus, our 2 health-care stocks that defied the group
▼ + stars: | 2024-10-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Markets: The S & P 500 is on pace for another record close and its sixth straight positive week. Financials also continued their strong run this week thanks to strong earnings from banks such as Club holding Morgan Stanley and other financial services companies. 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, hasn't, Financials, Morgan Stanley, Danaher, we'll, Jim Cramer's, Jim Organizations: CNBC, ., ASML Holdings, Taiwan Semiconductor Manufacturing Company, Nvidia, bellwether, Abbott Laboratories, UBS, Mizuho, . Energy, Texas, OPEC, International Energy Agency, Coterra Energy, Dow Jones, Dover, Honeywell, Jim Cramer's Charitable

☆ Investors may be too bullish on chip stocks. This options strategy can hedge against a pullback
▼ + stars: | 2024-10-18 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

That bullish consensus makes this former CBOT pit trader take pause, and I believe now is the time to hedge some semiconductor exposure. I want to use put options in the VanEck Semiconductor ETF (SMH) to mitigate downside risk. That came in the wake of better-than-expected results from contract chipmaker Taiwan Semiconductor , which counts NVDA as one of its biggest customers. Lastly, I want to consider the technicals setup, as when emotion gets injected into the marketplace, technical typically take over. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Jensen Huang, ASML, SMH, Kilburg Organizations: VanEck Semiconductor, Nvidia, Taiwan Semiconductor, CNBC, NBC UNIVERSAL Locations: Chicago

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