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☆ Meta technicals show stock has room to run, says Oppenheimer's Ari Wald
▼ + stars: | 2024-10-28 | 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 EmailMeta technicals show stock has room to run, says Oppenheimer's Ari WaldAri Wald, head of technical analysis at Oppenheimer, joins CNBC's 'The Exchange' to discuss expectations for Meta ahead of earnings, technicals supporting the valuation, and more.

Persons: Oppenheimer's Ari Wald Ari Wald, Oppenheimer Organizations: Meta

☆ Why stocks have a lot more room to rally before hitting a peak, according to a technical analyst
▼ + stars: | 2024-09-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Stock market highs are expected to continue into 2025, according to Oppenheimer's Ari Wald. AdvertisementWald's 6,000 price target for the S&P 500 is based on the median bull market cycle. "The S&P 500 is up 64% over the 23 months between October 2022 and September 2024. And if the current bull market follows the path of the average bull market, stocks could continue to rise through the end of 2025 with the S&P 500 rising to around the 7,000 level. "We view the cycle high for Industrials as confirmation of an intact bull market," Wall said.

Persons: Oppenheimer's Ari Wald, Wald, —, Oppenheimer, Ari Wald, it's, Wall, " Wald Organizations: Service, New York Stock Exchange, ISI Locations: That's

☆ Earnings Exchange: Digital Realty, Deckers Outdoor, & Norfolk Southern
▼ + stars: | 2024-07-25 | 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: Digital Realty, Deckers Outdoor, & Norfolk SouthernAri Wald, Oppenheimer’s head of technical analysis, joins CNBC's 'The Exchange' to discuss three stocks: Digital Realty, Deckers Outdoors, and Norfolk Southern.

Persons: Norfolk Southern Ari Wald, Oppenheimer’s Organizations: Digital Realty, Norfolk Southern, Norfolk Locations: Norfolk Southern

☆ Small caps are surging. Oppenheimer found a 'broadening' bull market favors future returns
▼ + stars: | 2024-07-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Oppenheimer views last week's rally in small-cap stocks as a potential catalyst for the wider market and its future returns. "The point is that last week's small-cap breakout marks a re-broadening of the bull that should carry bullish implications for all capitalizations." .RUT YTD mountain Performance in 2024 The comments from Wald came on the heels of last week's 6% surge in the Russell 2000 index of small caps. The iShares Russell 2000 ETF added as much as another 1.6% early in Monday's session. "In our view, this cycle's 'as good as it gets moment' has not yet been reached," Wald said.

Persons: Oppenheimer, Ari Wald, Wald, Russell Organizations: Federal Reserve, Viking Therapeutics, Zeta Global

☆ Here's what's next for bitcoin after the cryptocurrency returned to $60,000 this week
▼ + stars: | 2024-06-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin is testing a key level once again after the cryptocurrency fell below $60,000 this week for the first time since May 3. "There's key support at $57,500, the 200-day average, down to $56,500, the May low — and a downside breach would be damaging." It is currently suffering from a lack of near-term catalysts, low demand for bitcoin exchange-traded funds and miners' selling of bitcoin. BTC.CM= 6M mountain Bitcoin this year If bitcoin fails to hold $57,000, Wald added, $49,000 would become its next key downside level. Until then, "I always side with trend, meaning I'd assume the rising 200-day average holds.

Persons: Oppenheimer, Ari Wald, Bitcoin, bitcoin, Wald, David Keller, bitcoin's, Keller, Tom Fitzpatrick, R.J, O'Brien Organizations: Metrics, NASDAQ

☆ 3 Buys and a Bail: Home Depot, Carrier Global, Tri Pointe Homes & Whirlpool
▼ + stars: | 2024-05-13 | 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 Email3 Buys and a Bail: Home Depot, Carrier Global, Tri Pointe Homes & WhirlpoolAri Wald, Oppenheimer & Co. head of technical analysis, joins CNBC's 'The Exchange' to discuss four stocks: Home Depot, Carrier Global, Tri Pointe Homes, and Whirlpool.

Persons: Whirlpool Ari Wald Organizations: Carrier Global, Tri, Tri Pointe Homes, Whirlpool, Oppenheimer, Co Locations: Tri Pointe

☆ Bitcoin losses could steepen after the cryptocurrency breaks below $60,000, analysts say
▼ + stars: | 2024-05-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The bitcoin sell-off could get worse before it gets better, according to analysts who look only at price charts. The downtrend intensified on Wednesday when it tumbled under the $60,000 level for the first time since February, as stubborn inflation and uncertainty around Federal Reserve interest rate policy kept markets under pressure. That was a key support level for bitcoin, representing the approximate convergence of the March low and 100-day moving average, according to Ari Wald, an analyst at Oppenheimer. Wolfe Research's Rob Ginsberg said $60,000 bitcoin looks "vulnerable" and that $50,000 could be in play. Bitcoin traded between $60,000 and $74,000 since mid-March, when the cryptocurrency reached new records and has failed multiple times to break out.

Persons: Ari Wald, Oppenheimer, It's, bitcoin, David Keller, Wald, Keller, Geoff Kendrick, Wolfe, Rob Ginsberg, Bitcoin, —, Michael Bloom, Rob Ginsberg's Organizations: CNBC Locations: U.S

☆ Earnings Exchange: McDonald's, Brinker International, Eli Lilly
▼ + stars: | 2024-04-29 | 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: McDonald's, Brinker International, Eli LillyAri Wald, Oppenheimer head of technical analysis, joins CNBC's 'The Exchange' to discuss earnings from McDonald's, Brinker International, and Eli Lilly.

Persons: Eli Lilly Ari Wald, Oppenheimer, Eli Lilly Organizations: McDonald's, Brinker International

☆ The stock market is primed for a short-term bounce, but correction still not over
▼ + stars: | 2024-04-22 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

The stock market is poised for a short-term bounce, but technical analysts who watch price charts warn that the correction is not yet over. The technician said he anticipates support for stocks — the point at which buyers will reemerge — between 4,700-4,800 in the S & P 500. .SPX YTD mountain S & P 500 To be sure, some observers anticipate a more durable stock market rally, rather than a mere bounce. He anticipates that the S & P 500 could find support down at 4,800 and may not find a true bottom for several weeks. But he anticipates that the selloff will take longer to play out, with a pullback bringing the S & P 500 back to 4,700.

Persons: JC O'Hara, Roth MKM, O'Hara, Tom Lee, Lee, CNBC's, Oppenheimer's Ari Wald, Wald, we've, BTIG's Jonathan Krinsky, Krinsky, Wolfe's Rob Ginsberg Organizations: Stocks, Federal Reserve

☆ S&P 500 futures are showing a bearish trend, here's what chart analysts are saying about it
▼ + stars: | 2024-04-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The e-mini futures contracts tied to the S & P 500 just posted their third negative "outside day" in the past eight sessions. Outside days happen when the range of a security's price sees higher highs and lower lows than it did the day before. The previous day's trading period should be smaller in range and should have closed higher. It also posted negative outside days on April 4 and April 1. Chart analysts are shrugging off the recent trio of outside down days, however, saying they don't threaten the longer-term up trend.

Persons: Tom Fitzpatrick, R.J, O'Brien, Ari Wald, Oppenheimer, Will Tamplin, Nick Wells

☆ Oppenheimer's Ari Wald shares bullish sentiment on Squarespace
▼ + stars: | 2024-02-27 | 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 EmailOppenheimer's Ari Wald shares bullish sentiment on SquarespaceAri Wald, Oppenheimer managing director and head of technical analysis, joins 'The Exchange' to discuss how to trade First Solar, Lemonade, and Squarespace.

Persons: Ari Wald, Oppenheimer

☆ Bitcoin's all-time high is in sight after the crypto breached $57,000, chart analysts say. Here's what to expect
▼ + stars: | 2024-02-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin's all-time high is in clear sight after the cryptocurrency surpassed $57,000 on Tuesday. The flagship crypto is now roughly 20% off its November 2021 all-time high of $68,982.20, and it just cleared a key resistance level, according to Fairlead Strategies. "The main thing to highlight is the confirmed breakout above $48,000, which targets final resistance [of about] $64,900," said Will Tamplin, senior analyst at Fairlead. BTC.CM= 5D mountain Bitcoin this week confirmed a breakout above $48,000 Oppenheimer chart analyst Ari Wald confirmed that outlook. However, the firm does not expect a major pullback from bitcoin given the breakout and positive momentum in the intermediate term.

Persons: Will Tamplin, Oppenheimer, Ari Wald, Bitcoin, bitcoin, Katie Stockton Organizations: Fairlead, Metrics

☆ The Fed is not in a 'hurry' to cut interest rates, says Oppenheimer's Ari Wald
▼ + stars: | 2024-02-08 | 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 EmailThe Fed is not in a 'hurry' to cut interest rates, says Oppenheimer's Ari WaldAri Wald, managing director and head of technical analysis at Oppenheimer, joins 'The Exchange' to discuss what the bond market suggests, where S&P is headed, and more.

Persons: Oppenheimer's Ari Wald Ari Wald, Oppenheimer

☆ The stock market rally is showing signs of exhaustion, according to multiple chart analysts
▼ + stars: | 2024-01-29 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Several chart analysts are worried stocks are showing signs of exhaustion after their recent rally. Even there, however, we started to see some cracks last week as upside exhaustion also showed itself," Krinsky added. JC O'Hara, chief market technician at Roth MKM, wrote: "This persistence of gains is rare, and we are seeing signs that leadership is feeling exhaustion." However, when we view the chart, we find early signs of bullish exhaustion," O'Hara wrote. "From a trading basis, lethargic internal behavior suggests the bull cycle is due for a breather," Wald wrote on Saturday.

Persons: Jonathan Krinsky, Krinsky, JC O'Hara, Roth MKM, O'Hara, Rob Ginsberg, Ginsberg, SMH, that's, Oppenheimer's Ari Wald, Russell, Wald Organizations: Reserve, Microsoft, Nasdaq, Bears, Wolfe Research, VanEck Semiconductor

☆ Watch CNBC's full interview with Oppenheimer's Ari Wald and Wilmington Trust's Meghan Shue
▼ + stars: | 2024-01-19 | 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 EmailWatch CNBC's full interview with Oppenheimer's Ari Wald and Wilmington Trust's Meghan ShueAri Wald, managing director and head of technical analysis at Oppenheimer, and Meghan Shue, Wilmington Trust head of investment strategy, join 'Money Movers' to discuss if technology stocks reasserting their index leadership is a positive for markets, if the S&P 500 remains undervalued, and more.

Persons: Oppenheimer's Ari Wald, Wilmington Trust's Meghan Shue Ari Wald, Oppenheimer, Meghan Shue Organizations: Wilmington, Wilmington Trust Locations: Wilmington

☆ The S&P 500 tops a record high that ‘clears the charts’ of resistance ahead of a week of earnings, inflation data
▼ + stars: | 2024-01-19 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

The S & P 500 rallied more than 1% on Friday, above both its closing and intraday records that it last reached in January 2022. "Meaning that when a major index like the S & P 500, like the Nasdaq 100, reaches a new all time high, what it does is, it clears the charts of resistance." For 2024, Wald anticipates the S & P 500 will end the year at the 5,400 level, representing a roughly 12% rise from Friday's close of 4,839.81. Inflation data, earnings ahead Next week will also bring the Fed's preferred inflation gauge for December, which is expected to confirm the recent trend of easing inflation. Leading Indicators Tuesday Jan. 23 10 a.m. Richmond Fed Index (January) Earnings: General Electric , Synchrony Financial , D.R.

Persons: it's, Katie Stockton, we've, Oppenheimer's Ari Wald, Wald, Dow Jones, That's, Dave Sekera, Sekera, Jan, Johnson, Lockheed Martin, Lockheed Martin Wednesday Jan, Kimberly, Clark, Northrop Organizations: Fed, Nasdaq, Morningstar Research Services, Richmond Fed, Synchrony, Raytheon Technologies, Verizon Communications, Halliburton, Johnson, Procter, Gamble, Lockheed, Lockheed Martin Wednesday, PMI, SA, PMI Manufacturing SA, PMI Services SA, Abbott Laboratories, Chicago, New, . Kansas City Fed Manufacturing, Northrop Grumman, Southwest Airlines, American Airlines, Comcast, PCE, Norfolk, American, CNBC Locations: Stockton, U.S, Horton, Freeport, McMoRan, . Kansas

☆ Expect a broadening of leadership in equities to cyclical sectors, says Wilmington Trust's Shue
▼ + stars: | 2024-01-19 | 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 EmailExpect a broadening of leadership in equities to cyclical sectors, says Wilmington Trust's ShueAri Wald, managing director and head of technical analysis at Oppenheimer, and Meghan Shue, Wilmington Trust head of investment strategy, join 'Money Movers' to discuss if technology stocks reasserting their index leadership is a positive for markets, if the S&P 500 remains undervalued, and more.

Persons: Wilmington Trust's Shue Ari Wald, Oppenheimer, Meghan Shue Organizations: Wilmington Trust Locations: Wilmington

☆ Rallying AMD is approaching key levels. What's next for the stock, according to chart analysts
▼ + stars: | 2024-01-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Some closely watched momentum indicators and a bullish overall chart suggest popular AI chipmaker Advanced Micro Devices is headed for new highs in the near future. The stock hit a new 52-week high and now sits 3.6% below the stock's all-time high of $164.46 set in the fourth quarter of 2021. Many chart analysts expect the stock to blow past that level in the near future. "Anytime a stock makes a new all-time high, it tells me something special is taking place with the company," said JC O'Hara, chief technical strategist at Roth Capital Partners. "Investors should be positioned in these risk stocks that typically outperform in a rising market environment and AMD checks that box," he said.

Persons: Dan Wantrobski, Janney Montgomery Scott, JC O'Hara, Wantrobski, Capital's Todd Gordon, Oppenheimer's Ari Wald Organizations: Devices, AMD, Roth Capital Partners, Nasdaq

☆ Bitcoin’s post-ETF launch sell-off could continue, but all-time high levels are in sight, chart analysts say
▼ + stars: | 2024-01-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Many investors and analysts have expressed confidence that bitcoin can reach and even surpass its all-time high level of $69,000. BTC.CM= 1Y line Bitcoin's 1-year performance per Coin Metrics He said $40,000, a level bitcoin hasn't seen since early December, would be another potential stopping point. Julius de Kempenaer, a senior technical analyst at StockCharts.com, is watching a slightly higher support level at $45,000. "While bitcoin's price is coming off a new cycle high, RSI made a lower high and was unable to get above the 70 level," Wald said. Bitcoin reached its all-time high near $69,000 in November 2021.

Persons: bitcoin, Oppenheimer, Ari Wald, Bitcoin, Julius de Kempenaer, Wald, it's oversold, de Kempenaer, Wolfe, Rob Ginsberg, Ginsberg Organizations: U.S, CNBC, Metrics, RSI Locations: Wald

☆ S&P 500 rallies to key 4,600 level and nears all-time high. What chartists say happens next
▼ + stars: | 2023-12-05 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Investors are watching the S & P 500 after it rallied back toward the key 4,600 level to see if it can break out to new all-time highs. A record high in the S & P 500 looks promising after the broader index on Friday closed at 4,594.63, or its best level since March 2022. In July, the last time the S & P 500 tested the threshold, the rally was led by mega-cap tech stocks. On Monday, the market rally took a breather; the S & P 500 ended the session lower by 0.5%, and it stood about 5% below its record. In fact, one market technician on Monday said the S & P 500 could plunge back to its bear market lows in 2024.

Persons: Stocks, Wolfe, Rob Ginsberg, Ginsberg, BTIG's Jonathan Krinsky, you've, JPMorgan's, Jason Hunter, Hunter, CNBC's, Adam Turnquist, he's, Oppenheimer's Ari Wald, Wald, JC O'Hara, Roth MKM, Lululemon, O'Hara, — CNBC's Michael Bloom, Chris Hayes Organizations: Broadcom Locations: oversold

☆ Royal Caribbean Cruises is the best stock to own in the sector, says Oppenheimer's Ari Wald
▼ + stars: | 2023-12-04 | 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 EmailRoyal Caribbean Cruises is the best stock to own in the sector, says Oppenheimer's Ari WaldAri Wald, Oppenheimer, joins 'Power Lunch' to discuss the technical support for stocks that have doubled this year but still fall below target price.

Persons: Oppenheimer's Ari Wald Ari Wald, Oppenheimer Organizations: Royal Caribbean Cruises

☆ 'It's beginning to look a lot like VIX-mas.' What Wall Street's fear gauge is saying right now
▼ + stars: | 2023-11-29 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

"It's beginning to look a lot like 'VIX-mas,'" Jonathan Krinsky, chief market technician at BTIG, wrote in a note Sunday. Wells Fargo's Chris Harvey on Monday wrote that a low VIX is historically a bad sign for markets entering a new year. .VIX 5Y mountain CBOE Market Volatility Index, 5 years "We think 2024 will be a 'trader's market,' not a buy-and-hold situation," Harvey wrote. "But we ultimately think, you know, beyond that, it's poised to go lower just given the low volatility cycle that's been in place." The question is whether we are entering a new period of low volatility as the norm starting in 2024.

Persons: Jonathan Krinsky, BTIG's Krinsky, Wells Fargo's Chris Harvey, Harvey, SPX, Will Tamplin, Tamplin, it's, Oppenheimer's Ari Wald, Wald, " Wald, Krinsky Organizations: Apple, Microsoft, Nvidia Locations: U.S

☆ This quirky ETF could be sign tech rally is broadening beyond 'Magnificent 7', Oppenheimer says
▼ + stars: | 2023-11-28 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

A recent uptick for a broad-based tech ETF could signal that the market is ready for a rally in software stocks, regardless of size, according to Oppenheimer. Given Oppenheimer's coverage in the former, we think it's important to flag that the equal-weighted S & P Software & Services SPDR (XSW) reclaimed its Q2 breakout above its year-long bottoming pattern. A big rally for the XSW would be a change of pace from the strength of the so-called "Magnificent Seven" tech stocks that have dominated the market in 2023. And the fund's holdings mean that investors won't be adding even more exposure to all of the Magnificent Seven. Though the fund is broad, it does not include all categories of what many investors consider to be tech stocks.

Persons: Oppenheimer, Ari Wald, We're, — CNBC's Michael Bloom Organizations: P Software & Services, P Software, Services, Apple, Nvidia, Meta Locations: Technology

☆ Amid the gloom here and abroad, the U.S. stock market is holding up just fine
▼ + stars: | 2023-11-27 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

I dislike getting involved in debates on the stock market when I am enjoying an old-fashion rum punch at a beach bar in the Caribbean, but I couldn't resist interjecting. "We'll see how the coming slowdown plays out," he said, and turned back to his discussion. The coming slowdown? More may be coming: the last week of November tends to be the strongest week of the month, Ryan Detrick, chief market strategist at Carson Group, has noted. As for earnings, which are the lifeblood for the stock market, forward earnings estimates for the next 12 months stand at record highs.

Persons: I's, Ryan Detrick, Detrick, Fundstrat's Thomas Lee, Oppenheimer's Ari Wald, Webush's Dan Ives, BMO's Brian Belski, Bespoke's Paul Hickey Organizations: EU, Hamas, Forbes, Bloomberg, Carson Group, LSE Locations: Caribbean, Antigua, British Commonwealth, London, England, American, China, Russia, Ukraine, Israel, U.S

☆ Earnings Exchange: Medtronic, Agilent Technologies & Trip.com
▼ + stars: | 2023-11-20 | 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: Medtronic, Agilent Technologies & Trip.comAri Wald, managing director and head of technical analysis at Oppenheimer, joins 'The Exchange' to discuss Medtronic, Agilent Technologies, and Trip.com.

Persons: Ari Wald, Oppenheimer Organizations: Agilent Technologies

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