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☆ Stocks enter 'belief' phase with most investors converted to bulls. What it means going forward
▼ + stars: | 2024-03-02 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

The sheer persistence of the equity rally, with the S & P 500 up 16 of 18 weeks and refusing to succumb to supposed late-February seasonal weakness, has converted the cautious. Still, by some lights, stocks' valuation is one of the better sentiment indicators, and by that measure the investment community is pretty enthusiastic. More simply, we continue to see elevated but not alarming P/Es in the S & P 500 broadly while the median P/E of the top 10 names in the index remains close to past peaks." Coming at a time when the S & P 500 is more than 13% above its 200-day moving average — pretty stretched — and we haven't had even a 3% pullback since October. The "right" cyclical sectors are leading (industrials and consumer discretionary in addition to tech), and the equal-weight S & P 500 is nosing toward its old high.

Persons: Scott Rubner, maven, Goldman Sachs, there's, it's, hustled, gunning, BofA's Savita Subramanian, Citi's Scott Chronert, Barclays Venu Krishna, Lori Calvasina, haven't, I've, We've, Stocks, – Organizations: Micro, Dell Technologies, ARM Holdings, Bank of America, Barclays, Big Tech, Tech, Federal, Fed Locations: U.S

☆ S&P on pace to score fourth month of consecutive gains. History tells us what could come next
▼ + stars: | 2024-02-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The S & P 500 is ending February with a gain of almost 5%. S & P 500: Four big months November: up 8.9% December: up 4.4% January: up 1.6% February: up 4.6% The November gain of 8.9% was one of the 20 best monthly performances in history. The S & P has advanced about 5% since passing the old January 2022 historic high, which it crossed on Jan. 19, this year. Put another way: the S & P has recovered all the bear market losses from the old high in January 2022 to the bear market bottom in October 2022, and added another 5%. "Yet it also offers encouragement that no post-recovery selloff saw the start of a new bear market before rebounding and proceeding onto additional new highs."

Persons: Steve Starker, Todd Sohn, Eli Lilly, Nicholas Colas, Sam Stovall Organizations: Nvidia, P, Technology, Services, Care, Broadcom, Communication Services, Meta, Health Care, Merck, Depot, Costco, JPMorgan, Mastercard, Berkshire Hathaway, Research Locations: BTIG

☆ Here are the 10 stocks that large-cap money managers are getting most excited about right now, according to UBS
▼ + stars: | 2024-02-29 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Large-cap fund managers are starting to shy away from several of the biggest companies in the S&P 500, according to a recent report from UBS. By bailing on those three names and top performers like Nvidia (NVDA), money managers are swimming against the tide. That's why large-cap stock-pickers tend to fade the biggest companies, according to UBS. 10 stocks that fund managers loveBy contrast, fund managers' largest relative overweight positions are in sectors like industrials, financials, healthcare, and materials, Palfrey noted. Below are the 10 companies that are seeing the biggest improvements in sentiment from large-cap fund managers, as measured by the net number of funds adding positions to them.

Persons: Patrick Palfrey, Palfrey Organizations: UBS, Microsoft, Apple, Business, Nvidia

☆ Instead of chasing Nvidia, investor buys these misunderstood, cheap growth stocks for big returns
▼ + stars: | 2024-02-28 | by ( Pia Singh | ) www.cnbc.com time to read: +6 min

In a market bedazzled by flashy growth stocks, Torray Investment Partners instead runs a fund that's trying to redefine what value is. The Torray Fund , founded by the late Robert Torray in 1990, is ahead 7.4% so far this year, outpacing the 6.5% gain in the S & P 500. Apart from the Torray Fund, the firm manages four other concentrated portfolios that also hold between 20 and 30 companies. These portfolios are separately managed accounts of either concentrated large growth companies, small- and mid-capitalization growth names, large value companies and equity income. Compared to other large value funds, Torray is overweight in all three.

Persons: iShares Russell, Jeffrey Lent, Robert Torray, Berkshire Hathaway, Morningstar, Lent, Shawn Hendon, Eaton, McLennan, Hendon, Torray, it's Organizations: Torray Investment Partners, Value, Torray, Russell, Berkshire, American Express, Marsh, Financial, Morningstar, Applied Materials, Qualcomm, Nvidia Locations: Eaton, Berkshire

☆ Jim Cramer's quick thoughts on cybersecurity stocks, Disney, and our portfolio off-price retail name
▼ + stars: | 2024-02-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. 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. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Ernie Herman, Macy's, TJX, Nordstrom, Cramer, UnitedHealth, Linde, Jim Cramer's, Jim Organizations: CNBC, Consumer, Communication Services, Health Care, Tech, TJX Companies, Target, Palo Alto Networks, Disney, ESPN, Apple, Paramount, Anheuser, Busch, Jim Cramer's Charitable Locations: Maxx, Palo Alto, India

☆ How to invest $100,000 right now, according to the pros
▼ + stars: | 2024-02-27 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

As investors ponder how — and where — to invest in this uncertain climate, CNBC Pro asked market experts where they recommend allocating $100,000. "By investing purely in cash and fixed income, you can already get a decent return," Jia said. And with global central banks cutting rates, fixed income will likely benefit from capital gains as well because of the duration." Within fixed income, Jia likes government bonds from developed countries and investment-grade bonds from "reputable firms," which offer "quality" and "longer-term growth" potential. Investors nearing retirement, for instance, should have a more conservative portfolio mix of 80% in fixed income and 20% in equities, according to Jia.

Persons: Paul Christopher —, Christopher, Kevin Teng, Teng, Morgan Stanley, Rickie Jia, Jia, Group's Teng, Pictet's Jia Organizations: Treasury, Wells Fargo Investment, CNBC Pro, Wrise Wealth Management Singapore, U.S . Federal Reserve, Microsoft, Pictet Wealth Management Locations: Wells Fargo, Asia, East, Europe, U.S

☆ Premarket stocks: This rally is nearly unprecedented. Can it last?
▼ + stars: | 2024-02-27 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Just last week the S&P 500 hit a new all-time high and notched its best showing in a year. But this nearly unprecedented surge in the markets is sparking some concern over what’s driving the rally and whether it can continue. The S&P 500 and Dow last week each reached record levels after blockbuster earnings from the chipmaker set off a broad market rally. The S&P 500 is up more than 6% for the year, but when you equally weigh all of the stocks in the index, it’s up just 2.5%. Last year, the S&P 500 rose by 24.2%, but the equally-weighted index was up by just 11.6%.

Persons: Sam Stovall, Tesla, Jamie Dimon, ” Dimon, CNBC’s Leslie Picker, That’s, ”, What’s, Warren Buffett, Berkshire Hathaway, Eva Rothenberg, Buffett, Gary Pilnick’s, WK Kellogg, Pilnick, Bran, ” Pilnick, hasn’t, Carl Quintanilla Organizations: CNN Business, Bell, New York CNN —, Nvidia, Dow, Nasdaq, Health, Tech, Deutsche Bank, Microsoft, Apple, Amazon, Google, JPMorgan, Federal Reserve, Traders, PCE, Berkshire, CNBC Locations: New York, Berkshire, Omaha , Nebraska, Omaha, United States

☆ 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

☆ Uber joins the Dow Transports. Here's why it's a curious addition
▼ + stars: | 2024-02-26 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Uber is going into the Dow Transports on Monday, marking the first change to the index since Dec. 7, 2021, when Old Dominion replaced Kansas City Southern. Under Dow Theory, the Transports should confirm a new high in the Dow Industrials. Uber is a funny add because unlike many of the other index components, it's not really a shipping company. The add likely reflects the Dow Transports index committee's belief that this is a transportation company, even if it just shuttles people instead of packages. This follows a well-known pattern called the S & P inclusion effect.

Persons: Avis, Uber, Stocks, underperform Organizations: Dow Transports, Old Dominion, Kansas City Southern, Dow, Dow Jones Transport, Dow Theory, Transports, it's, Uber, Federal Reserve Bank of New, Union Pacific, CSX, Kirby Locations: Federal Reserve Bank of New York, Matson, Old Dominion

☆ History shows the best trade has usually been to buy the stock getting kicked out of the Dow Industrials
▼ + stars: | 2024-02-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

If history is any guide, Walgreens Boots Alliance may fare better after getting tossed from the Dow Jones Industrial Average . In fact, data shows that betting on a stock that's leaving the Dow is often a better trade for investors than buying shares of a stock that's entering the 127-year-old average. What history shows Alcoa was the best-performing stock among the last 10 outgoing Dow members. For example, Honeywell International surged more than 40% one year after joining the Dow, while UnitedHealth rallied nearly 28%. General Electric , the last of the original 12 Dow stocks, plunged about 58% one year after leaving the average in 2018.

Persons: bode, Ned Davis, Goldman Sachs, —, Amgen —, UnitedHealth, DuPont de Nemours, Fred Imbert Organizations: Walgreens Boots, Dow Jones, Walgreens, Dow, General Electric, WBA, CNBC Pro, Ned Davis Research, NDR, Alcoa, HP, Bank of America, Nike, Visa, RTX Corporation, Exxon Mobil, Pfizer, Apple, Honeywell International, DuPont de Locations: U.S

Investors can still find discounts even as stocks climb to fresh all-time highs . Both the S & P 500 and the Dow Jones Industrial Average reach new records on Friday, surpassing previous highs notched just a day earlier. The stock has about 12% over the past month and nearly 11% from the start of the year. American Airlines stock currently trades at a forward price-to-earnings (P/E) multiple of 5.8 overall, slightly lower than the industry average. AAL YTD mountain American Airlines stock.

Persons: Stephen Trent Organizations: Dow Jones, Nvidia, CNBC, Airlines, American Airlines, FactSet, Citi, Exxon Mobil, Wall, Exxon, Resources, General Motors, CVS Health

☆ Avoid these overcrowded trades by hedge funds as the rally powers on, according to Morgan Stanley
▼ + stars: | 2024-02-23 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

As the rally continues, it's wise to avoid overcrowded trades among hedge funds as herd mentality often leads to trouble in the stock market, according to Morgan Stanley. Investors in overcrowded trades could run the risk of getting caught in a losing bet when hedge funds, especially systematic traders, form a herd-like stampede to exit the same trades. Morgan Stanley found that hedge funds were most overweight in the consumer discretionary, industrials, and health-care sectors last quarter. Even though they have been extremely popular, these stocks tend to have outsized share counts that make hedge funds' ownership less significant. Avis Budget Group was the most over-owned stock by hedge funds at the end of 2023 with half of its outstanding float shares owned by the cohort, according to Morgan Stanley.

Persons: Morgan Stanley, Russell, Howard Hughes, Janus Henderson, — CNBC's Michael Bloom Organizations: Avis Budget Group, Liberty Media, Liberty Media , New York Times Locations: Wendy's, Liberty Media ,

☆ Earnings Exchange: WBD, LYV & SQ
▼ + stars: | 2024-02-22 | 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 EmailEarnings Exchange: WBD, LYV & SQQuint Tatro, Joule Financial founder, joins ‘The Exchange’ to discuss Warner Bros Discovery, Live Nation, Block and Dow Industrials.

Persons: Quint Tatro, Dow Industrials Organizations: Joule Financial, Warner Bros Discovery, Dow

☆ Morgan Stanley shares a 5-part playbook for investing in well-run companies while minimizing risk in a top-heavy market
▼ + stars: | 2024-02-22 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Why rich companies also keep getting richerThere's another major disconnect that the broader market's impressive performance is masking, strategists at Morgan Stanley remarked in a recent note. Since then, the return gap has gotten even worse in a historically narrow market, Wilson wrote. Morgan Stanley"The equity market understands this economy is not that great for the average company or consumer," Wilson wrote. This rare combination of expansionary fiscal policy and restrictive monetary policy has had the unintended consequence of "crowding out the private economy," Wilson wrote. Companies that can grow without borrowing money at unattractive rates are at a huge advantage, which Morgan Stanley believes has fueled their immense success lately.

Persons: Goldman Sachs, Morgan Stanley, Mike Wilson, Wilson, Morgan, it's, Morgan Stanley Morgan Stanley, Morgan Stanley's Organizations: Federal Reserve, Business, Pew Research Center Locations: GoDaddy

☆ Stock futures are little changed after S&P 500, Nasdaq notch best day in more than a year: Live updates
▼ + stars: | 2024-02-22 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Stock futures were little changed on Thursday evening, after the S&P 500 and the Nasdaq Composite posted their best day since early 2023. S&P 500 futures inched up by 0.02%, while Nasdaq 100 futures slipped 0.04%. The S&P 500 added 2.11% for its best day since January 2023, while the Nasdaq Composite popped 2.96% for its best session since February 2023. Indeed, 10 of the 11 S&P sectors were positive Thursday, with utilities being the sole loser. All three major averages are also now on track for winning weeks: The S&P 500 is pacing for a 1.6% advance, while the Nasdaq has gained 1.7%.

Persons: Block, Carvana, Larry Tentarelli, Dow, Chris Hayes Organizations: Nasdaq, Dow Jones, Wall, Nvidia, Dow, Blockbuster, Blue, Warner Bros Discovery

☆ DuPont is turning, plus the Nvidia halo and how to play Palo Alto's sell-off
▼ + stars: | 2024-02-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

In the Nvidia halo, Jim Cramer likes ServiceNow , and of the semiconductor capital equipment makers he says Lam Research is the best. Looking to pick up PANW: Jim Cramer says the Palo Alto Networks sell-off is still overdone by about 25 points. 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, Eaton, ServiceNow, Lam, Ed Breen's, Cramer, Breen, Jim Cramer's, Jim, David Paul Morris Organizations: CNBC, Nvidia, Nasdaq, Broadcom, Microsoft, Lam Research, Palo Alto Networks, DuPont, Barclays Industrials, Coterra Energy, Intuit, Warner Bros Discovery, Jim Cramer's Charitable, Bloomberg, Getty Locations: We're, DuPont, Santa Clara , California

☆ Amazon is getting added to the Dow. What it means for the market benchmark
▼ + stars: | 2024-02-21 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The Dow is adding Amazon, while removing Walgreens Boots Alliance. With the change, S & P Dow Jones Indices senior index analyst Howard Silverblatt said the Dow could rally all the way to 42,865. The effect on incoming and outgoing members of the Dow is less clear. According to past data from Ned Davis Research, stocks that leave the Dow have historically outperformed incoming members. Since 1972, outgoing members have averaged a 12-month gain of nearly 17.5%, while new members have averaged a 10% gain in their first year.

Persons: Dow, Howard Silverblatt, Silverblatt, Ned Davis Organizations: Dow Jones, Walgreens, Alliance, Walmart, Walgreens Boots Alliance, Dow, Ned Davis Research

☆ Walgreens earns a unwanted title as it's booted from the Dow for Amazon. How it happened
▼ + stars: | 2024-02-21 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

Walgreens has the dubious distinction of being one of the stocks that has had the shortest duration in the Dow Jones Industrial Average. At $22, Walgreens has the lowest stock price in the index, which traditionally would make it a target for replacement. "Since the indexes are price weighted, the Index Committee evaluates stock price when considering a company for inclusion. Right now, the highest priced stock, UnitedHealth Group , is more than 23 times the value of the lowest priced stock, Walgreens. Finally, one wonders how Uber executives feel about the decision to put them into the Dow Jones Transportation Index.

Persons: Dow Jones, Dow Industrials, Uber, CNBC's Robert Hum Organizations: Walgreens, Dow Jones, Alliance, Dow, UnitedHealth, Walmart, WBA, General, General Electric, U.S Rubber, GE, Dow Jones Transportation, JetBlue, Transports, Avis

☆ A bearish options bet that capitalizes on a double-top forming in this high-flying sector
▼ + stars: | 2024-02-21 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

A closer look at the 1-year daily chart of the Consumer Discretionary Select Sector (XLY) reveals the formation of a double top pattern. This is great because this allows me to construct a $1 wide put spread and risk as little as $50 to make $50 per winning trade. All I need is for XLY to drop by $1 by expiration date for this trade to double my money. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Nishant, Nishant Pant Locations: XLY

☆ Will Japan's bull run continue? Here's what the pros say — and how to invest
▼ + stars: | 2024-02-14 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

The enthusiasm for Japan's stocks was reflected on Tuesday when its benchmark index Nikkei 225 climbed to a 34-year high. Will its bull run continue though, and how should investors play this Asian market? Here’s what Wall Street and other pros say, and how to invest — including the stocks to buy. Jeremy Schwartz, global chief investment officer at WisdomTree, told CNBC’s “Squawk Box Asia” on Friday that Japanese stocks are a “catalyst-rich” asset class. How – and what – to invest Global investors may find it more accessible to invest in Japan markets via exchange-traded funds.

Persons: Morgan Stanley, Jesper Koll, Monex, Jeremy Schwartz, CNBC’s, ”, buybacks, ” Schwartz, Eastspring, Oliver Lee, Morgan Stanley’s, Morningstar, Kao, industrials, CNBC's Ganesh Rao Organizations: Nikkei, Eastspring Investments, —, Tokyo Stock Exchange, Ivailo Locations: Japan, China, Tokyo

☆ We're tapping our large cash position to buy shares of these 3 quality companies
▼ + stars: | 2024-02-14 | by ( Zev Fima | ) www.cnbc.com time to read: +3 min

We're buying 70 shares of DuPont at roughly $66.76 each, 50 shares of Stanley Black & Decker at roughly $87.96 each, and 75 shares of Starbucks at roughly $93.85 each. For starters, management highlighted an improvement in its water business for January, with orders up 13%, including a "chunk" of business in China. Starbucks : Shares of the coffee giant have fallen back to where they were before its most recent earnings . 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.

Persons: Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim Organizations: DuPont, Stanley, Starbucks, DD, SWK, SBUX, Federal, Jim Cramer's Charitable, CNBC, & $ Locations: China

☆ Goldman names 3 'attractive' value stocks that offer more than 50% upside
▼ + stars: | 2024-02-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Goldman Sachs has identified three "attractive" value stocks that could see significant share price appreciation over the next 12 months. The Wall Street bank's analysts see over 50% upside potential in British Airways parent International Consolidated Airlines Group , agricultural machinery maker CNH Industrial , and health technology company Philips . Goldman Sachs said all three companies stand out amongst their European peers for their cheap valuations compared to earnings growth prospects. IAG-GB 1Y line Philips Goldman recommends buying Philips and expects the shares to be up 51% over the next 12 months. CNH Industrials Goldman Sachs upgraded CNH to buy last month.

Persons: Goldman Sachs, John Sawtell, Goldman's, Patrick Creuset, Creuset, Philips Goldman, Roy Jakobs, CNH Industrials Goldman Sachs, Michael Bloom Organizations: British Airways parent International Consolidated Airlines Group, Philips, CNBC Locations: Europe, United States

☆ These global tech stocks are in Citi's 'high-conviction' list. One was given nearly 80% upside
▼ + stars: | 2024-02-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Tech stocks already had a good run, and investors may be wondering if they still have further to go. The iShares Global Tech ETF, which comprises tech stocks around the world, for instance, had more than 50% returns in 2023, beating the S & P 500's 24%. Citi, which has an overweight rating on information technology within the growth cyclicals segment, is optimistic on the sector in certain markets. Overall, the bank says that it sees more gains for global stocks, giving the MSCI AC World 5% potential upside by end of the year. Investors looking for more upside in tech can consider some tech stocks in Citi's list of top "high-conviction" picks from markets across the United States, Europe, Asia-Pacific and Latin America.

Persons: It's, capex, Michael Bloom Organizations: Tech, iShares Global Tech ETF, Citi, Arista Networks, Arista Locations: China, United States, Europe, Asia, Pacific, America

☆ The Fed probably won’t cut rates in March. Here’s what that means for markets
▼ + stars: | 2024-02-11 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Investors now expect that the Fed will begin easing back rates in May or June, according to the CME FedWatch Tool. Before the Bell: What does the Fed’s signal that it won’t cut rates in March mean for markets? I think what’s important for the markets themselves is the fact that the Fed has signaled they’re going to cut rates. So, they’re going to cut rates at some point this year, probably May or June is going to be the first cut that we get. There’s a lot of areas where your earnings … start to reaccelerate higher, and that’s a good thing.

Persons: Stocks, Jerome Powell, Bell, Matt Orton, I’ve, We’re, it’s, Matt Egan, Read, Price Organizations: CNN Business, Bell, New York CNN, Investors, Fed, Raymond James Investment Management, The Conference, Conference, Avis Budget Group, Hasbro, Cola, Molson Coors, The, Labor Statistics, Kraft, Heinz, The Commerce Department, National Association of Home Builders, University of Michigan Locations: New York, Wells Fargo

☆ The stock market debate is trapped in the '90s with both bulls and bears drawing comparisons
▼ + stars: | 2024-02-10 | by ( Michael Santoli | ) www.cnbc.com time to read: +10 min

Value-investing asset manager GMO last week published a study showing that the top ten S & P 500 stocks by size have handily beaten an equal-weighted pool of the other 490 for several years now. Neither is Microsoft, a useful indicator give that it was the largest stock by market cap both in December 1999 and today. Indeed, today the stock market has done well even as expectations for the speed and depth of rate cuts this year have diminished. (Industrials are leading, the equal-weight S & P is up 19% from October and there were 204 new 52-week highs on the NYSE Friday over 24 new lows.) The S & P 500 uptrend has for weeks targeted the 5050 area, as an immediate culmination point, and it's just about there.

Persons: Morgan, Marko Kolanovic, —, Janus, Stocks, it's, Alan Greenspan, Greenspan, Jerome Powell, Ned Davis, Ed Clissold, Jurrien, Goldman Sachs Organizations: Nvidia, Cisco, Nasdaq, Cisco Systems, Microsoft, Fed, Netscape, Boston, NYSE Locations: Russia, It's, Orange County, Calif

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