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☆ Shue: Mega-cap tech and the AI story can co-exist with small caps
▼ + stars: | 2024-08-01 | 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 EmailShue: Mega-cap tech and the AI story can co-exist with small capsMeghan Shue, Executive Vice President and Head of Investment Strategy & Portfolio Construction at Wilmington Trust, discusses how to position around potential rate cuts.

Persons: Meghan Shue Organizations: Investment, Wilmington Trust Locations: Wilmington

☆ These tech stocks offer safe harbors if the sector sell-off continues
▼ + stars: | 2024-08-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Some large-cap tech stocks are likely to fare better than others if investors continue to move into smaller companies. Artificial intelligence-adjacent mega-cap tech titans have been the driving force behind the current bull market rally, which began last October. Nvidia — with a market value above $2.9 trillion — has soared 136% this year alone, after climbing 239% in 2023. But a combination of disappointing tech earnings and impending interest rate cuts has weakened some of the bullish sentiment toward mega-caps. Analysts see potential price upside of 10% in AI-adjacent stock ServiceNow .

Persons: Russell, LSEG, ServiceNow, Mizuho, Gregg Moskowitz, TD Cowen, Fortinet, Shaul Eyal, Fred Imbert Organizations: Nvidia, Nasdaq, CNBC Pro, Visa, Analysts, Keysight Technologies, & & '

☆ Jensen Huang just got $12 billion richer in a single day as Nvidia stock soared
▼ + stars: | 2024-08-01 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Jensen Huang's net worth soared $12 billion after a record day for Nvidia stock on Wednesday. Nvidia stock surged 13%, increasing its market value by a record $327 billion. AdvertisementJensen Huang's net worth soared $12 billion on Wednesday after a roaring day for Nvidia's stock. Huang's net worth has risen $59 billion this year amid a 141% year-to-date rally in Nvidia stock. AdvertisementNvidia ended up adding an unprecedented $327 billion to its market value in a single day.

Persons: Jensen, — Organizations: Nvidia, Service, Bloomberg, AMD, Microsoft, Bank of America, Netflix, Toyota Motors, Meta Platforms

☆ Apple is spending more on AI, but remains far behind its Silicon Valley peers
▼ + stars: | 2024-08-01 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple Intelligence, the company's forthcoming artificial intelligence system, could spur a fresh cycle of iPhone upgrades and hardware sales. One question Cook was willing to partially address was about the company's spending on AI servers. "Embedded in our results this quarter is an increase year over year in the amount we're spending for AI and Apple Intelligence," Cook told CNBC's Steve Kovach on Thursday. The rise in Apple's capital expenditure is tiny compared to its mega-cap peers, such as Microsoft, Google , and Meta . Zuckerberg also wants to ensure that Apple won't fully control the next major technology shift, if it turns out to be AI.

Persons: Tim Cook, Luca Maestri, Cook, CNBC's Steve Kovach, Mark Zuckerberg, Zuckerberg Organizations: Apple Intelligence, OpenAI, CNBC, Apple, Microsoft, Google, Meta, Nvidia

☆ Eli Lilly bucks the down market on a case for wider coverage of its weight-loss drug
▼ + stars: | 2024-08-01 | by ( Paulina Likos | ) 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. For the rest of the market, Jim noted "pockets of weakness" in the consumer discretionary and industrials sectors. 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, Stocks, Jim, Eaton, it's, Eli Lilly, Jim Cramer's Organizations: CNBC, Federal Reserve, Meta, Facebook, Apple, Medicare, Novo Nordisk Locations: Eaton, U.S

☆ Eaton shares get dragged down in the market selloff despite a nice beat and raise
▼ + stars: | 2024-08-01 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

ETN YTD mountain Eaton YTD Shares of Eaton, which specializes in electrical components and power management systems, opened lower after a 6% gain in Wednesday's broader market rally. Data center energy demand drove record sales in Eaton's Electrical Americas and Electrical Global. Record sales were also recorded in Aerospace. Quarterly commentary While cash flow results were short of expectations, both operating cash flow (up 11% to $946 million) and free cash flow (up 10% to $759 million) represented second-quarter records. Operating cash flow is expected at $4.2 billion to $4.4 billion, and free cash flow is expected at $3.6 billion versus estimates of $4.4 billion operating cash flow and $3.56 billion free cash flow.

Persons: Eaton, Parker, Craig Arnold, Arnold, Jim Cramer's, Jim Cramer, Jim Organizations: Management, Revenue, LSEG, Electrical, Aerospace, Electrical Global, Hannifin, DuPont, Honeywell, DD, CNBC, Eaton Corporation, NYSE Locations: Eaton, North America

☆ Wednesday, July 31, 2024: The Club breaks down its upgrade of this mega cap tech stock
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: 1 min

Wednesday, July 31, 2024: The Club breaks down its upgrade of this mega cap tech stockJim and Jeff discuss the slight dip in this upgraded mega cap tech stock. They also talk about this chipmakers move lower. Finally, they weigh in on this consumer discretionary ahead of its earnings.

Persons: Jeff

☆ Short-term rental pros share 2 strategies that help them profit during Airbnb slumps
▼ + stars: | 2024-07-31 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Short-term rentals are generally considered more lucrative than long-term rentals. Summer 2023 was tough across the board for the short-term rental market, with some Airbnb and Vrbo hosts seeing revenue drop by up to 18%. The couple self-manages three short-term rental properties. "On a lot of these short-term rental platforms like Airbnb and Vrbo, there are rating systems for the guest," said Jervais. They noted that working with the right property manager or co-hosting platform is a good option for a short-term rental property owner who wants to be more hands-off.

Persons: they're, Natia, Jervais Seegars, they'd, they've, We're Organizations: Service, Business, Ventures, Strategy

☆ Jim Cramer looks at what's holding back AMD stock from rallying even further
▼ + stars: | 2024-07-31 | by ( Paulina Likos | ) 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. Jim Cramer is "still in favor of owning the tech titans" even though "they don't benefit" when the Fed eventually decides to cut rates. Jim also noted another reason for AMD stock not rallying even further — investors still want to be in "companies that benefit from lower rates." 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 .

Persons: Jim Cramer, Stocks, Cramer, Lisa Su, Jim, We're, Jim Cramer's Organizations: CNBC, Federal Reserve, Fed, Microsoft, Nvidia, AMD, DuPont

☆ Kantrowitz: Not time to panic around Microsoft; AI story is still working
▼ + stars: | 2024-07-31 | 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 EmailKantrowitz: Not time to panic around Microsoft; AI story is still workingAlex Kantrowitz, Founder of Big Technology, discusses earnings from Microsoft and other mega-cap tech companies.

Persons: Alex Kantrowitz Organizations: Microsoft, Big Technology

☆ Microsoft says OpenAI is now a competitor in AI and search
▼ + stars: | 2024-07-31 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. In the filing, Microsoft identified OpenAI, the creator of the ChatGPT chatbot, as a competitor in AI offerings and in search and news advertising. Microsoft CEO Satya Nadella reportedly wasn't briefed before OpenAI's board pushed out CEO Sam Altman in November. Suleyman, who had co-founded and led startup Inflection AI, was named CEO of a new unit called Microsoft AI, and several Inflection employees joined him. WATCH: OpenAI announces a search engine called SearchGPT

Persons: Satya Nadella, Sam Altman, OpenAI, It's, it's, wasn't, Altman, Nadella, Mustafa Suleyman, Suleyman, Sam Organizations: Microsoft, Apple, Google, Meta, OpenAI, Bing, CNBC, New York Times Locations: San Francisco, OpenAI

☆ Léon Marchand is the superstar and French sports hero these Olympics needed
▼ + stars: | 2024-07-31 | by ( Brendan Quinn | ) www.nytimes.com time to read: +10 min

NANTERRE, France — Léon Marchand has said he likes the silence underwater. That, six days into the 2024 Paris Olympics, is Marchand. #ParisOlympics pic.twitter.com/DEAEFeIxG4 — NBC Olympics & Paralympics (@NBCOlympics) July 31, 2024“I think that was why I was able to win that race,” Marchand said later. And when Léon Marchand swims, you see something different, and the French feel something different. GO DEEPER Meet Léon Marchand, the 'French Michael Phelps' ready to rule his home Olympics(Top photo of Léon Marchand on the podium after his 200-meter breaststroke win: Quinn Rooney / Getty Images)

Persons: France — Léon Marchand, he’s, Hungary’s Kristóf Milák, Marchand, you’ve, LEON MARCHAND, 🇫🇷#P, mpics &, Ja, Marc, ise, eck, egan, Lazar e stati, ros, Stef, cann, haru, ike, Xavier, swam i, Ryan Lo, Sarah S, Xavier M, Fran, e. Isola, ries Organizations: easts Locations: NANTERRE, France, Down, PARIS, ASU,

☆ Using options to try to catch the bottom in CrowdStrike
▼ + stars: | 2024-07-30 | by ( Nishant Pant | ) www.cnbc.com time to read: +4 min

This drop in such a short period seems overly exaggerated, and I'm on the lookout for signs of a bounce to initiate a bullish trade on CRWD. DMI (Directional Movement Index): The DMI is composed of three lines: DI+ (green line), DI- (red line), and ADX (blue line). When the DI- (red line) is above the DI+ (green line), it indicates a downtrend. Note that both DI- and DI+ are changing direction, which provides the first indication of a possible trend change. The Trade To take a bullish trade on CRWD, I'm using a trade structure called a "bull call spread."

Organizations: Microsoft, Apple, Nasdaq, RSI, CNBC, NBC UNIVERSAL Locations: CRWD

☆ Vanguard President Greg Davis on the rotation out of mega cap and into small cap stocks
▼ + stars: | 2024-07-30 | 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 EmailVanguard President Greg Davis on the rotation out of mega cap and into small cap stocksGreg Davis, president and chief investment officer at Vanguard, discusses his outlook for markets, retirement investment strategy and more.

Persons: Greg Davis Organizations: Vanguard

☆ Nvidia stock's recent decline may present a buying opportunity for some investors
▼ + stars: | 2024-07-30 | by ( Paulina Likos | ) 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. If he can do this "he's got a good stock," Cramer said. 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, Stanley Black, It's, Cramer, Jim, Laxman Narasimhan's, he's, Elliot Management, Jim Cramer's Organizations: CNBC, Decker, Procter, Gamble, SWK, Nvidia, Meta, Microsoft, Starbucks

☆ The market is flashing signs of a dangerous debt bubble with losses that could be 'contagious,' economist says
▼ + stars: | 2024-07-30 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The market risks a harmful debt bubble, potentially spreading losses in the financial sector. Economist Dambisa Moyo warns of overvalued stocks driven by enthusiasm for artificial intelligence. AdvertisementThe stock market could be hosting one of the most harmful types of debt bubbles, with losses that risk spreading around the financial sector, according to one economist and investing veteran. But even more concerning is that the US could be seeing one of the most problematic types of bubbles, fueled by highly borrowed and "unproductive" assets, Moyo said. Losses from troubled companies also risk contaminating other areas of the market, Moyo added.

Persons: Dambisa Moyo, Moyo, —, Dambisa Moyo —, Goldman Sachs Organizations: Service, Project Syndicate, Versaca

☆ Lost in the market's sharp rotation out of tech stocks is a really bullish call on major banks
▼ + stars: | 2024-07-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Banks shining : Lost in the shuffle of all the earnings earlier and another tech selloff was a bullish note on large-cap banks from Morgan Stanley analyst Betsy Graseck. Before Wednesday's open, we get earnings from Club stocks GE Healthcare and DuPont . 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, Jerome Powell, Stanley Black, Decker, Morgan Stanley, Betsy Graseck, Graseck, Goldman Sachs, Wells, Grasck, Kraft Heinz, Wednesday's, Jim Cramer's, Jim Organizations: CNBC, Nvidia, Stanley, Citi, Bank of America, JPMorgan, Microsoft, Devices, Arista Networks, Pinterest, Caesars Entertainment, Electronics Arts, GE Healthcare, DuPont, Boeing, Cruise Line, Mastercard, Humana, Trane Technologies, Jim Cramer's Charitable

☆ 3 non-tech sectors ripe for AI monetization, according to $85 billion Wealth Enhancement Group
▼ + stars: | 2024-07-30 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

So far, most of the AI winners have been confined to players further up the value chain, such as data center providers and semiconductor chip producers at the backbone of AI technology. As the buildout phase of AI matures, investors are looking further down the value chain for monetization opportunities, whether it be for consumers or businesses. Ayako Yoshioka, senior portfolio manager at Wealth Enhancement Group, sees three parts of the market that could see profit enhancements from the adoption of AI. 3 non-tech AI opportunitiesThere's significant potential for the healthcare sector to reap the benefits of AI. Large banks like JP Morgan and Goldman Sachs also use AI to comb through and sort large quantities of historical financial data, facilitate financial research, and provide investment advice.

Persons: —, Ayako Yoshioka, Yoshioka, JP Morgan, Goldman Sachs, They're, That's Organizations: Service, Big Tech, Business, Google, Security, Visa, Mastercard, Healthcare, Trust Nasdaq

☆ AI spending is in the crosshairs in a 'make-or-break' week that determines where Big Tech heads next
▼ + stars: | 2024-07-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The Roundhill Magnificent Seven ETF (MAGS) currently sits 11% off its highs. MAGS YTD mountain Magnificent Seven ETF performance This backdrop sets the tone for a "make or break week" coinciding with the Federal Reserve's July rate decision Wednesday, according to Wolfe Research's Chris Senyek. Now, more than 18 months after the launch of groundbreaking ChatGPT, Wall Street wants results. Some Wall Street analysts believe strong quarterly results may not be enough to reverse the pullback in tech shares. "My gut is that the tech earnings are going to come in better than people expect."

Persons: Morgan, Roundhill, Wolfe, Chris Senyek, Jay Woods, Sundar Pichai, Deutsche Bank's David Folkerts, Baird's Ted Mortonson, Senyek, Rowe Price, Dominic Rizzo, CNBC's Organizations: Nasdaq, Federal, Microsoft, Meta, Apple, Freedom Capital, Deutsche, Tech, Fed, Trump

☆ Amazon can now be held responsible for dangerous products sold on its platform, government
▼ + stars: | 2024-07-30 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN —A US safety regulator announced Tuesday that it voted unanimously to hold Amazon responsible for faulty or unsafe products sold by third-parties on its website and app. The US Consumer Product Safety Commission, tasked with ordering companies to recall dangerous products sold in America, said it found more than 400,000 defective products sold on Amazon’s platform that the online retailer now must recall or face legal consequences. The ruling today underlines the CPSC’s crackdown on products it views as unsafe. The agency first sued the mega-retailer in 2021, when it said it was cracking down on Amazon because it has limited ability to force a recall of foreign products. Amazon claims in a statement when it was notified about the potential safety issues, it “swiftly notified customers, instructed them to stop using the products, and refunded them.”CNN’s Chris Isidore contributed to this report.

Persons: Joe Biden, “, CPSC, Robert Adler, ”, CNN’s Chris Isidore Organizations: New, New York CNN, US Consumer Product Safety Commission, Amazon, Consumer Locations: New York, America

☆ 'You have to be invested': 6 hot stocks to buy as US markets rebound to record highs by Labor Day
▼ + stars: | 2024-07-30 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In a little over a week, the index sank from near 5,670 to under 5,400 as the mega-cap tech stocks that drove the market higher suddenly sold off. Advertisement"You have to get involved in stocks; you have to be invested in the US equity market," Salama told Business Insider. However, the trader isn't abandoning his bullish view on mega-cap tech stocks. AdvertisementStoltzfus agrees that the market's favorite stocks, including those tied to artificial intelligence, aren't wildly overvalued, as some bears have argued.

Persons: —, John Salama, he's, Salama, There's, John Stoltzfus, who's, Stoltzfus, I've, Trump, Biden, Harris, Parris, it's Organizations: Service, Business, Labor, Oppenheimer Asset Management, House, Shmump, Dell Technologies

☆ Katz: Plenty of better investing opportunities outside of mega-cap tech
▼ + stars: | 2024-07-30 | 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 EmailKatz: Plenty of better investing opportunities outside of mega-cap techDavid Katz, Chief Investment Officer of Matrix Asset Advisors, discusses market volatility, the recent rotation, and earnings season.

Persons: Email, David Katz Organizations: Email Katz, Matrix Asset

☆ Boneparth: Now is the time to diversify to soften the blow from the rotation out of the mega-caps
▼ + stars: | 2024-07-30 | 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 EmailBoneparth: Now is the time to diversify to soften the blow from the rotation out of the mega-capsDouglas Boneparth, President of Bone Fide Wealth, discusses the critical week for markets and earnings season.

Persons: Douglas Boneparth Organizations: Bone

☆ Millennials are fueling a Pokémon renaissance and moving mad money in an industry where baseball cards used to reign supreme, says the honcho of collectibles grading
▼ + stars: | 2024-07-30 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Read previewThe COVID pandemic was an unprecedented boom for the Pokémon card business. Few can forget the $3.5 million YouTuber-boxer Logan Paul blew on a pack of Pokémon cards that turned out to be GI Joe collectibles. He estimated that last year, PSA graded at least 6 million Pokémon trading cards out of the total 14 million it processed. It's made a lifetime total of more than 64.8 billion Pokémon cards since 1999, and production has been accelerating rapidly since the pandemic. Most customers wait a maximum of two months for their graded card, which returns with a rating between 1 and 10.

Persons: —, Logan Paul, It's, Ryan Hoge, Hoge, Pokémon, John Keeble, Jens Ishoey Prehn's, IDA MARIE ODGAARD, Ritzau Scanpix, Yu Organizations: Service, Sports, Business, Nintendo, Getty, PSA, IDA Locations: London, Niva, Denmark, AFP, Japan, California, Tokyo, California , New Jersey

☆ Lorusso: Volatility is concerning but not enough to change bullishness
▼ + 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 EmailLorusso: Volatility is concerning but not enough to change bullishnessVince Lorusso, President and CEO of Clough Capital, discusses earnings season and mega-cap tech.

Persons: Vince Lorusso Organizations: Clough Capital

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