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☆ What's wrong with the Nasdaq? One troubling thing for the bulls' case
▼ + stars: | 2024-10-21 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Quantitative and technical strategist Javed Mirza pointed out in a note to clients that the Nasdaq 100 has not set a record high since July. On Monday, the Nasdaq 100 was trading about 2% below its record close. "The Nasdaq 100 just triggered a new short-term 'mechanical sell' signal, diverging from the other North American equity indices," Mirza said. The Nasdaq 100's slump is not the only factor pointing to toward a new phase for the bull market. To be sure, even the late stage phases of a bull market can last for quite a while.

Persons: Raymond James, Javed Mirza, Mirza, Dow Jones Organizations: Nasdaq, TSX, Canadian

☆ These are JPMorgan's top stock picks for clients heading into May
▼ + stars: | 2024-05-06 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

JPMorgan spotlighted a fresh set of stocks, reflecting its analysts' top picks as May begins, including Caterpillar , Bank of America and TJX Companies . The firm's focus list includes its top equity ideas targeted around growth, income, value and short strategies. Nicholas Rosato, head of JPMorgan's North American Equity Research, said all the stocks on the list have an overweight rating. Here are some of the top picks: United Airlines shares are up about 25% in 2024, fueled largely by a strong second-quarter earnings forecast . No longer included in this month's focus list are CMS Energy and Prologis , both of which are still rated overweight by JPMorgan.

Persons: Nicholas Rosato, Morgan Stanley, Ravi Shanker, Jay Sole, Rosato Organizations: JPMorgan, Caterpillar, Bank of America, TJX Companies, North American Equity Research, United Airlines, Boeing, Investors, UBS, CMS Energy, Prologis, CMS Locations: Thursday's, Maxx

☆ Here are JPMorgan’s top stock picks heading into December
▼ + stars: | 2023-12-01 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

JPMorgan Chase added a key information security stock to its list of favorite stock picks for December and parted with three names, including HP , from November . The firm added CyberArk to its Analyst Focus List, as well as biopharmaceutical firm Cytokinetics . The JPMorgan list covers its best stock ideas that fit into three categories: growth, value and short investment ideas. Here are some of the other top picks on the JPMorgan list. CYBR YTD mountain CyberArk stock.

Persons: JPMorgan Chase, Nicholas Rosato Jr, Rosato, — CNBC's Michael Bloom Organizations: JPMorgan, HP, Palo Alto Networks, North

☆ Preferred securities are yielding nearly 7%. After a turbulent first half, here's why it may be time to jump in
▼ + stars: | 2023-07-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

After a rocky first half of the year, it may be a good time to buy preferred securities. The ICE BofA Fixed Rate Preferred Securities index, which tracks the performance of fixed-rate preferred securities, has a yield-to-worst of 6.7%. While many preferreds have fixed rates, some have floating rates or fixed-to-floating rates that switch from fixed to floating after a certain period of time. In 2022, the ICE BofA Fixed Rate Preferred Securities index lost 19%. Its top-rated funds include Global X US Preferred ETF and iShares Preferred & Income Securities ETF.

Persons: Leslie Falconio, Michael Youngworth, Youngworth, Falconio, Bonds, JR Humphreys, Humphreys, Humphrey, America's Youngworth, CNBC's Michael Bloom Organizations: Treasury, Federal Reserve, UBS, BofA Securities, Securities, Brock Investment Advisors, ICE, JPMorgan, American Equity Investment, Western Alliance, Bank, America's, preferreds . Bank of America, Global, US, iShares, Income Securities Locations: preferreds, preferreds .

☆ Brookfield to buy annuities provider American Equity in $4.3 bln deal
▼ + stars: | 2023-07-05 | by ( Manya Saini | Thomson Reuters | Manya Saini Reports On Prominent Publicly Listed U.S. Financial Firms Including Wall Street S Biggest Banks | ) www.reuters.com time to read: +2 min

July 5 (Reuters) - Canadian investment firm Brookfield (BN.TO) on Wednesday agreed to buy the remaining stake in American Equity Investment Life Holding (AEL.N) that it did not already own, valuing the long-sought-after annuities provider at $4.3 billion. It represents a 35% premium to AEL's last closing price on the New York Stock Exchange before media reports of a possible takeover bid from Brookfield emerged. The deal consists of $38.85 in cash and the rest in shares of Brookfield Asset Management's (BAM.TO). AEL shares had touched a record-high of $53.68 when the bid was announced on June 27 and have been trading around the same levels. If the deal is terminated, AEL has agreed to pay Brookfield Reinsurance a termination fee of $102 million.

Persons: Jon Bayer, Manya Saini, Nivedita Bhattacharjee, Arun Koyyur Organizations: Equity Investment Life, AEL, Elliott Investment Management, Prosperity, Brookfield, New York Stock Exchange, Brookfield Asset, FIA, Athene, Massachusetts Mutual Life Insurance, Thomson Locations: Brookfield, Athene Holding, Bengaluru

☆ Stocks making the biggest moves midday: Meta Platforms, Coinbase, UPS, General Motors & more
▼ + stars: | 2023-07-05 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Meta Verified displayed on mobile with Meta on screen, seen in this photo illustration, on February 27, 2023 in Brussels, Belgium. Meta Platforms — Shares of the social media giant rose more than 2% even after a European Court ruled against Meta in an anti-trust case on Tuesday. Moderna – The Massachusetts-based biotechnology company added 2.1% after announcing it reached an agreement with officials to manufacture and develop mRNA medicines in China. General Motors — The legacy automaker added climbed nearly 1% after the company said U.S. sales increased 18.8% in the second quarter. The union said in a statement Wednesday that talks had collapsed after UPS "walked away" from negotiations.

Persons: Meta, Coinbase, Piper Sandler, Coinbase hasn't, —, General Motors, Donald Trump, Samantha Subin, Tanaya Macheel, Michelle Fox, Hakyung Kim, Jesse Pound, Alex Harring Organizations: Meta, Twitter, Renesas Electronics, Moderna, General, Equity Investment, Brookfield, United Parcel Service, Teamsters, UPS, Securities and Exchange Commission, SEC Locations: Brussels, Belgium, The Massachusetts, China

☆ Stocks making the biggest moves midday: Lordstown Motors, Walgreens Boots Alliance, Delta and more
▼ + stars: | 2023-06-27 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Walgreens also reported adjusted earnings per share for its fiscal third quarter of $1, missing a Refinitiv forecast of $1.07. Roblox — The gaming platform popped 5.8% after Bank of America reiterated its buy rating, saying the stock is a leader in the Metaverse category. Meta Platforms — The big technology stock added 2% after Citi reiterated its buy rating. Frontier Communications — Shares rose 4.1% on the back of Wolfe Research initiating coverage of the stock at outperform. Saia — The transportation stock rose 6.7% on the back of Evercore ISI upgrade to outperform from in line.

Persons: Steve Burns, Lordstown, Generac, Aaron Jadgfeld, Kellogg — Kellogg, Goldman Sachs, Oppenheimer, Wolfe, Wells, Wells Fargo, Saia, Northcoast, Cars.com, Jesse Pound, Michelle Fox Organizations: Lordstown Motors Corp, Lordstown Motors, Walgreens, Delta Air Lines, Equity Investment, Bloomberg News, Investment, Royal, Bank of America, Citi, Nike, Frontier Communications, Wolfe Research, Energy, JPMorgan, Unity Software, ISI Locations: Lordstown , Ohio, U.S, Brookfield, Royal Caribbean, Texas

☆ Stocks making the biggest premarket moves: Walgreens, Kellogg, Eli Lilly, Delta and more
▼ + stars: | 2023-06-27 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

It also reported adjusted earnings per share for its fiscal third quarter of $1, missing a Refinitiv forecast of $1.07. Kellogg — Shares added 2.5% in premarket trading after an upgrade from Goldman Sachs to buy. Delta Air Lines — The travel stock added about 1% in premarket trading after Delta forecast full-year adjusted earnings of $6 per share, at the high end of previous guidance. American Equity Investment Life — The stock jumped 15% in premarket trading after Bloomberg reported Canadian investment firm Brookfield was close to making a deal to buy the insurance firm for approximately $4.3 billion. The Wall Street firm said it expects deteriorating trends in key markets and higher competitive supply versus its peer group.

Persons: Kellogg —, Goldman Sachs, Kellogg, Taiwan's Foxconn, Eli Lilly —, Eli Lilly, retatrutide, Morgan Stanley, —, Sarah Min, Brian Evans, Jesse Pound, Michael Bloom Organizations: Walgreens, Alliance, Lordstown Motors, Motors, U.S, Delta Air Lines, Delta, Equity Investment, Bloomberg, Resorts Locations: New York City, Brookfield

June 26 (Reuters) - Canadian private equity firm Brookfield's reinsurance arm is nearing a deal to buy insurer American Equity Life Holding (AEL.N), a person familiar with the matter told Reuters on Monday. Brookfield has made a cash-and-stock offer that is set to be recommended by the American Equity board, the person said, requesting anonymity. Iowa-based American Equity last year had rejected a $3.9 billion unsolicited takeover proposal from Prosperity Life and its principal shareholder, activist investor Elliott Investment Management. Brookfield and American Equity did not immediately respond to requests for comment from Reuters. American Equity provides annuities - an insurance contract customers typically buy for a steady income stream after retiring.

Persons: Brookfield, Jaiveer Singh, Maju Samuel, Sriraj Organizations: Reuters, American Equity, Bloomberg, Equity, Prosperity, Elliott Investment Management, Investment, Thomson Locations: Iowa, Brookfield, Bengaluru

"It would be fair to characterize Charles Schwab as a financial services supermarket," Michael Wong, director of North American equity research and financial services at Morningstar, told CNBC. "Anything that you want, you can find in Charles Schwab's platform." Charles Schwab was among the firms that benefited from the growth of retail investing during the coronavirus pandemic, and it’s now facing the consequences of Federal Reserve’s aggressive interest rate hikes. Charles Schwab told CNBC it was unable to participate in this documentary. Watch the video above to learn more about how Charles Schwab battled the ever-evolving financial services market – from fees to fintech – and how the reward doesn’t come without the risk.

Persons: Charles Schwab, Michael Wong, Charles Schwab's, ” Alex Fitch, Edward Jones, Morgan Stanley, Charles Schwab’s, fintech – Organizations: Charles Schwab Corp, North, Morningstar, CNBC, Oakmark Equity, Income, Fidelity, Interactive, Stifel, JPMorgan, UBS, Robinhood Locations: United States

☆ Goldman says buying these catch-up candidates is the best way to play its brighter market outlook
▼ + stars: | 2023-06-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Goldman Sachs lifted its year-end target on the S & P 500 and sees market laggards playing catch up with this year's leaders. The Wall Street firm boosted its 2023 forecast for the S & P 500 to 4,500, which represents about 5% upside from current levels and is a 12.5% increase from Goldman's previous target of 4,000. Signs of such a shift have recently emerged as cyclical stocks have outperformed their defensive counterparts lately, but plenty of cyclicals have missed out, Goldman said. To find opportunities among the laggards, Goldman screened the Russell 3000 Index, looking for cyclical stocks with market caps greater than $2 billion. It found a list of names with valuations below the S & P 500 and improving fundamentals, demonstrated by improved 2024 earnings revisions.

Persons: Goldman Sachs, Goldman, David Kostin Organizations: Fed, Equity Investment, CNO Financial, Everest Re, RenaissanceRe Holdings Locations: Cleveland

☆ Apollo assures investors deposit flight won't spill over to Athene
▼ + stars: | 2023-03-30 | by ( Chibuike Oguh | ) www.reuters.com time to read: +5 min

Reuters GraphicsIn a quarterly update to shareholders published on March 13, Apollo outlined how Athene's funding model is different than a bank's. In the wake of the banking crisis, however, Apollo has been fielding questions from analysts and investors about Athene's funding model. Following a meeting with Apollo executives, Hone wrote in a note last week that he does not anticipate a spike in withdrawals from Athene's annuity holders and that Athene's funding base was stable. Apollo said in its March 13 presentation to investors that it had seen inflows of $8.8 billion to Athene from the start of the year to March 10. Questions from investors and analysts to Apollo have focused on this subset of annuity policies that have a potentially higher flight risk.

☆ Chart analysts say the S&P 500 is hovering at a level that points to more downside
▼ + stars: | 2023-02-13 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The S & P 500 just suffered its worst week in nearly two months, stalling at a technical level that concerns many chart analysts. The loss put the S & P 500 below 4,100 at the end of last week, cutting 2023 gains to about 7%. .SPX YTD mountain S & P 500 "The SPX broke out above 4,100 in early February, but closed below it last week. He cautioned that if the S & P 500 breaks below 4,100, there could be more downside. The S & P 500 rose 0.8% on Monday, taking the benchmark above the 4,100 level.

☆ Technical analysts agree January's strong start is a good omen, but here's what they expect to happen next
▼ + stars: | 2023-01-09 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Redler expects the S & P 500 could reach 3,980 to 4,000 before reversing lower. The S & P 500 was trading at about 3,940 on Monday. He expects the S & P 500 to put in a near-term top this week. He is watching the 200-day moving average on the S & P 500, which is literally the average of the last 200 closes. "The SPX [S & P 500] has spent the majority of the last three weeks between 3,800 and 3,900," Krinsky wrote in a note.

☆ Investors should buy these 33 stocks for the best shot at outperformance in 2023 — according to a Deutsche Bank group that's seen its stock picks double in value in five years
▼ + stars: | 2023-01-08 | by ( Marley Jay | ) www.businessinsider.com time to read: +2 min

Deutsche Bank updated its list of favorite stock picks to include its 33 best ideas for 2023. The firm says its portfolio of top ideas has doubled in value in a little more than five years. Today, its best ideas include significant bets on industrials and consumer-focused companies. Deutsche Bank isn't expecting a repeat of that dynamic — at least, not to the same degree. This week the firm updated its quarterly list of its highest-conviction stock ideas, and there are no oil and gas companies represented among its analysts' 33 favorites picks.

☆ Retail investors turn to ETFs as recession fears knock down meme stocks
▼ + stars: | 2022-12-16 | by ( Medha Singh | ) www.reuters.com time to read: +4 min

Dec 16 (Reuters) - Retail investors are doubling down on Exchange Traded Funds (ETFs) as rising interest rates and volatile markets curb their appetite for risky assets such as meme stocks, SPACs and cryptocurrencies. On average, retail investors' portfolios are down about 39% in 2022 after recording gains of 18% in 2021, JPMorgan analysts Peng Cheng and Emma Wu said. The investment trend, however, is leaning more toward ETFs tracking broader markets and away from the meme stock frenzy of 2021 that saw retail investors banding together on social media forums to fuel eye-popping gains in GameStop (GME.N), AMC (AMC.N) and others. Retail investors' average daily trading volume in U.S. stocks has amounted to $13.8 billion so far in 2022, compared with $14.2 billion a year earlier, which was the peak of meme stock trading frenzy, according to the report. Meanwhile, the U.S. Securities and Exchange Commission on Wednesday voted to propose some of the biggest changes to American equity market structure in nearly two decades, aimed at boosting transparency and fairness while increasing competition for individual investors' stock orders.

☆ U.S. SEC votes to advance stock market overhaul proposals
▼ + stars: | 2022-12-14 | by ( John Mccrank | ) www.reuters.com time to read: +2 min

The proposals include requiring marketable retail stock orders to be sent to auctions before they are executed, a new standard for brokers to show they get the best possible executions for client orders, and lower trading increments and access fees on exchanges, the SEC said. Opening up individual investor orders that can be immediately executed to competitive auctions could lead to "significantly" better prices for investors, the SEC said. Under current practice, retail brokers send most such orders to wholesale brokers, sometimes for a fee. "The competitive shortfall could be worth about $1.5 billion annually, compared with current practice — money that could go back into retail investors' pockets," said SEC Chair Gary Gensler. The changes, if adopted, would represent the biggest shakeup to stock market rules since the SEC introduced Regulation National Market System in 2005, which was aimed at modernizing and enhancing an increasingly fragmented and largely electronic marketplace.

☆ U.S. SEC to vote on proposals that could overhaul Wall St. trading
▼ + stars: | 2022-12-07 | by ( John Mccrank | ) www.reuters.com time to read: +2 min

"It's about driving greater competition, transparency and efficiency and the marketplace," SEC Chair Gary Gensler said in an interview with Yahoo Finance. Gensler has said he would like to see more order-by-order competition for individuals' stock orders, and for a more even playing field between stock exchanges, which display customer interest, and broker-run venues, which mostly do not. Gensler has criticized this model as limiting competition for retail orders. If the SEC votes to propose the changes, they will be put up for public comment before the regulator votes on whether to adopt them. Reporting by John McCrank; additional reporting by Kanishka Singh; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

☆ 'Another bear market rally': $38 billion Glenmede shares 3 reasons why the stock market's recent run is due to fail — including the track record for every bear market since World War II
▼ + stars: | 2022-12-07 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Investors hoping that the stock market's rally since mid-October is sustainable are bound for disappointment, according to top investors at wealth management firm Glenmede. The current bear market (highlighted below in green) is 11 months in, and the S&P 500 is down 18% over that time. Glenmede"The current bear market appears to be close to 2/3rds of the way through the typical bear-market decline. The current market appears to be following a similar trajectory of an average historical bear market so far," they said. "We've had a nice little run here in the stock market — it's the third double-digit percentage gain since the bear market started," Doll said.

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