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☆ This timber ETF could be on the verge of a breakout, Wolfe Research says
▼ + stars: | 2024-07-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Analyst Rob Ginsberg said in a July 24 note that the Invesco MSCI Global Timber ETF (CUT) appears to be on the verge of a breakout. "The ETF has carved out a very compelling multi year base and is on the verge of breaking out through $34. The timber ETF closed at $33.56 per share on Wednesday. CUT launched in 2007 and is a relatively small ETF, with about $55 million in assets, according to FactSet. Basic Materials ETF (IYM) is up 0.7% in July, compared to a decline of 0.6% for the S & P 500 .

Persons: Rob Ginsberg, WestRock, — CNBC's Michael Bloom Organizations: Wolfe Research, ETF, Basic Materials

☆ BofA Securities says copper is one of its top commodity picks
▼ + stars: | 2024-05-09 | 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 EmailBofA Securities says copper is one of its top commodity picksMatty Zhao, head of Asia-Pacific basic materials and oil and gas research at BofA Securities, says artificial intelligence will boost the demand for copper and the metal's prices.

Persons: Matty Zhao Organizations: BofA Securities Locations: Asia, Pacific

☆ It's been four years since the market's Covid low with the S&P 500 returning 25% annualized since
▼ + stars: | 2024-03-23 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The four-year total return for the S & P 500 since March 23, 2020, is just about 150%, or 25.7% annualized. .SPX mountain 2020-03-23 S & P 500 since the Covid low This is, of course, an idealized starting point from which to measure performance. While the S & P 500 bottomed at around a three-year low under 2,200, the index spent only a few weeks under 2,500. More qualitatively, it's a bull market, and in a bull market the overshoots occur to the upside, so a rally being "ahead of itself" is not fatal. And the S & P 500 is only 9% higher than it was more than two years ago, hardly reaching escape velocity from planet Sanity.

Persons: –, Warren, Ned Davis, Tim Hayes, bullishness, Rocky White Organizations: HSBC, 3Fourteen, Bank of Japan, Fed, Ned Davis Research, Schaeffer's Investment Research, Intelligence, Bank of America

☆ Nvidia's terrible Friday gives traders a preview of what a momentum unwind would look like
▼ + stars: | 2024-03-09 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The S & P 500 Volatility Index finished the week near 15 and is in a clear three- month uptrend from its mid-December low near 12, even as the S & P 500 has gained 10% since then. In fact, Friday the market minimized the headline damage to a mere two-thirds-percent dip in the S & P 500 through its signature rotational impulse. Some indicators — such as speculators remaining net short S & P 500 futures and brokerage strategists' muted index targets — imply the helpful wall of worry is not quite fully scaled. Since then, the S & P has delivered a 16.7% annualized total return, even after two bear markets and two other severe/prolonged corrections. And the S & P is only up 7% from its high 26 months ago, hardly in thin air.

Persons: what's, Eli Lilly, Martin Marietta, Nick Colas, Scott Chronert Organizations: Federal, Nvidia, Costco, pharma, Martin Marietta Materials, Vulcan, 3Fourteen Research, NYSE, Nasdaq, DataTrek, Citi

☆ Commodity markets are in a 'super squeeze' — and higher prices could be here to stay
▼ + stars: | 2024-01-26 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +6 min

A commodity "super squeeze" is denoted by higher prices driven by supply constraints more than a robust growth in demand, he explained. "If it's a supply constraint that's driving high commodity prices, it's a very different story for global growth," he told CNBC via Zoom. Higher prices as a result of a super squeeze are "not as positive." The super squeeze could be deeper, or more prolonged if geopolitical, climate change or energy transition related supply disruptions are larger than expected. He highlighted that extreme weather events and geopolitics have also impacted the agricultural and energy commodity baskets.

Persons: Li Xin, Paul Bloxham, Bloxham, Brian Luke S, Dow, HSBC's Bloxham, Ian Waldie, Brian Luke, Matty Zhao Organizations: Technology, Getty, Visual China, HSBC, CNBC, Paul Bloxham HSBC, Energy, Commission, Commodities, Bloomberg, Dow Jones, of America Securities Locations: SUIXI, CHINA, Anhui, Suixi County, Huaibei City, Anhui Province, China, Israel, Gaza, Ukraine, Red, Australia, Asia, Pacific

☆ Davos Devotees Deindustrialize Europe
▼ + stars: | 2024-01-14 | by ( Peter Huntsman | ) www.wsj.com time to read: +1 min

Journal Editorial Report: Paul Gigot interviews Bjorn Lomborg on COP28. Images: AP/EPA Composite: Mark KellyPolitical, business and security leaders gather in Davos next week under the mantra of “rebuilding trust.” Key topics include security cooperation, artificial intelligence, energy security and job growth “for a New Era.” Undoubtedly there will also be calls to phase out fossil fuels and aspirations for a hydrogen-based green economy. Amid this grand planning for the industries of 2050, leaders likely will pay little attention to how government pressure to reach this utopian vision is destroying the industries that made Europe the envy of the world. Over the past two years, dozens of energy-intensive manufacturers of our most basic materials—chemicals, steel, ceramics, glass and fertilizers—have ceased or slowed production in Europe. As the leader of a U.S.-headquartered chemical company that once had more than 50% of its revenue and employees in Europe, I have witnessed this devolution firsthand.

Persons: Paul Gigot, Bjorn Lomborg, Mark Kelly Locations: Davos, Europe, U.S

☆ Saudi Arabia's sovereign wealth fund overtakes Singapore's GIC to top spending table
▼ + stars: | 2024-01-03 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Saudi Arabia's Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year, accounting for about a quarter of the $124 billion splashed by state-owned investors, according to a preliminary report by research consultancy Global SWF. The Saudi fund boosted its deal activities from a total of $20.7 billion in 2022 to $31.6 billion in 2023, the research said, even as most other counterparts tapered down their spending. Overall, global sovereign wealth funds deployed 20% fewer funds compared with 2022, despite most major stock markets seeing a rally last year. "This may signal an overly cautious approach, as there is no shortage of capital to put to work among these institutions," the report, which tracks activities across the world's sovereign funds, noted. The Saudi fund has sought frequent deals and joint ventures in its pursuit toward Vision 2030 — a plan originally launched in 2016 which aims to increase economic diversification away from oil.

Persons: spender, Saudi's, Saudi Crown Prince Mohammed bin Salman Organizations: Saudi, Public Investment Fund, Saudi Crown, Nintendo, Materials Locations: Saudi, Japan, Brazil

☆ Copper could skyrocket over 75% to record highs by 2025 — brace for deficits, analysts say
▼ + stars: | 2024-01-03 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

Copper prices are set to soar more than 75% over the next two years amid mining supply disruptions and higher demand for the metal, fueled by the push for renewable energy. In a December report, the investment bank forecast that the higher renewable energy targets would boost copper demand by extra 4.2 million tons by 2030. This would potentially push copper prices to $15,000 a ton in 2025, the report added, way higher than the record peak of $10,730 per ton scaled in March last year. "This assumes a very soft landing in the U.S. and Europe, an earlier global growth recovery, significant China easing," Citi analysts said, while also emphasizing on continued investments in the energy transition sector. A growing economy tends to boost demand for copper, which is used in electrical equipment and industrial machinery.

Persons: Matty Zhao Organizations: U.S, BMI, Fitch Solutions, U.S . Federal Reserve, Bank of America Securities, CNBC, Citibank, Citi Locations: Huai'an, Jiangsu Province, China, Asia, Pacific, U.S, Europe

☆ Analyzing the market sell-off: Routine S&P 500 correction or something more serious?
▼ + stars: | 2023-10-28 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

.SPX YTD mountain S & P 500, YTD The S & P 500 is also down 10% over the past two years and at a level first reached 30 months ago, with U.S. GDP now 18% larger than it was then and annualized earnings 10% higher. This places the S & P 500 at around 17 times forward earnings, roughly the past decade's average. The equal-weight S & P is near a 14 multiple and the equal-weight consumer discretionary sector is under 13, near the 2022 low P/E. Bank of America equity and quantitative strategist Savita Subramanian points out that "Consensus long-term growth expectations for S & P 500 earnings have dropped to record lows, a rather powerful contrary indicator." Yes, market breadth is lousy, the equal-weight S & P 500 less than 5% above the October 2022 low, but this is also how markets look when they're getting "sold out."

Persons: it's, Goldman Sachs, It's, Savita Subramanian, Stocks Organizations: Federal Reserve, U.S, Bank of America Locations: Israel, Iraq

There are a lot of misconceptions about living in Alaska, and Trevor Barrett has heard them all. One of the best things about living in Alaska is the quiet life, the privacy and the summers." "I was raised with hunting and fishing and hiking and camping and all the specific and unique Alaska things," he says. Trevor Barrett with a replication of Andúril from J.R.R. Trevor Barrett and his family live in Haines, Alaska.

Persons: Trevor Barrett, Trevor, Larissa, Trevor Barrett Trevor, Samuel, Nika, Haines, you've, Alex Stock, Barrett Knives, Barrett, he's Organizations: CNBC, Netflix, YouTube, YouTube Investments, Google, Barrett, Larissa Locations: Alaska, Haines, British Columbia, Anchorage, Connecticut, Alaska One, Kenai, U.S, Larissa, Juneau , Alaska, J.R.R, Haines , Alaska

☆ CNBC Daily Open: Amazon surges as Apple stumbles
▼ + stars: | 2023-08-04 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. However, overall sales fell 1% year over year to $81.8 billion, with iPhone, iPad and Mac revenue all dropping. Defense stocks on the offenseSouth Korean defense stocks have shot up over the past 12 months, with Hanhwa Aerospace surging 66% year to date. Interest in South Korean arms have increased because of Russia's invasion of Ukraine and escalating tensions on the Korean Peninsula.

Persons: Andy, Australia's, Morgan Stanley Organizations: CNBC, Apple, Amazon Amazon, Treasury, Big, Defense, Hanhwa Aerospace, China Companies Locations: Asia, Pacific, South, Ukraine, South Korea, China, India

☆ CNBC Daily Open: Brace yourself for higher rates
▼ + stars: | 2023-07-06 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, DC, US, on Thursday, June 22, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. More hikes, but slowerAlmost all Federal Reserve members expect more interest rate hikes at upcoming Federal Open Market Committee meetings, according to minutes of June's meeting. Prior to the June meeting, the Fed had raised rates for 10 consecutive times, with four of them being 0.75 percentage point increases.

Persons: Jerome Powell, Hong Organizations: US Federal Reserve, Banking, Housing, Urban Affairs Committee, CNBC, Federal Reserve, Treasury, Reading, Twitter Meta, Twitter Locations: Washington , DC, Asia, Pacific, Europe

☆ TipRanks reveals the top 10 Wall Street basic materials sector analysts
▼ + stars: | 2023-07-02 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

TipRanks recognized the 10 best analysts in the basic materials sector who delivered noteworthy returns and whose recommendations outperformed their peers. In the process, it analyzed every recommendation by analysts in the basic materials sector over the past 10 years. Then, TipRanks' algorithms calculated the statistical significance of each rating, analysts' overall success rate and the average return. Top 10 analysts from the basic materials sectorThe image below shows the most successful Wall Street analysts from the basic materials sector. T J Schultz — RBC CapitalT J Schultz has the 10th spot on the list, with a success rate of 63%.

Persons: Rafael Henrique, Lightrocket, TipRanks, Dan Payne, Bank Dan Payne, Payne, Leo Mariani — Roth MKM Leo Mariani, John Freeman — Raymond James Raymond James, John Freeman, Freeman, Poe Fratt, Global Partners Poe, Elvira Scotto —, Elvira Scotto, Vincent Lovaglio, Scott Hanold, Michael Harvey —, Michael Harvey, Harvey, Dalton Baretto, Canaccord Genuity Dalton Baretto, T J Schultz —, J Schultz Organizations: Bank, Birchcliff Energy, Resources, Vital Energy, Global Partners, Elvira Scotto — RBC, Crestwood Equity Partners, Mizuho Securities, Comstock Resources, RBC Capital RBC Capital, Matador Resources, Michael Harvey — RBC Capital, RBC Capital, Seven Generations Energy, Generations Energy, ARC Resources, T J Schultz — RBC, Targa Resources Locations: Canada

☆ Chinese EV startup Li Auto says car deliveries more than doubled in May
▼ + stars: | 2023-06-02 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

A Li Auto store inside a shopping mall in Yantai, Shandong province on May 6, 2023. BEIJING — Chinese electric car startup Li Auto said it delivered more than twice as many cars in May versus a year ago. Li Auto differs from the two startups in that its electric cars come with a fuel tank for charging the battery and extending driving range. That divergence comes as China's fast-growing electric car market grows more competitive. She expects China's electric car market to grow by 27% this year to 8.7 million units, with penetration of overall auto sales set to grow to 32% this year, versus 26% last year.

Persons: Li Auto, Li, Matty Zhao Organizations: Li, Bank of America Securities, Asia Locations: Yantai, Shandong province, BEIJING, Asia Pacific

☆ Stifel raises S&P 500 target on falling inflation expectations, says buy cyclical stocks
▼ + stars: | 2023-05-08 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Stifel just got more bullish on where stocks will land at the halfway point of 2023, and encouraged investors buy cyclical stocks. However, the strategist expects investors will not have to worry about a downturn until later down the road. Given this, Bannister said he's been bullish on cyclical growth and value stocks since October. Meanwhile, he expects cyclical value stocks in basic materials, capital goods, banks, transportation and others that took a hit during the regional banking crisis are "oversold" if the economy continues to hold up. He said defensive value stocks are "last year's story," while defensive growth stocks will benefit when the U.S. reaches a recession.

☆ A CIO overseeing $399 billion explains why it's imperative that investors make sure they're globally diversified in 2023 to avoid 'home country bias' — and where the banking crisis has created investi
▼ + stars: | 2023-04-27 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +4 min

Going forward, Smigiel also believes that value-oriented assets will be the next market leaders. Despite starting 2023 off strong, the stock market has struggled to maintain its rally this year in the face of a potential recession, a dire banking crisis, and fears of rising interest rates. But that doesn't mean the stock market will be in the clear anytime soon. Value names will the next market leadersTo capture returns going forward, Smigiel isn't focused on the direction of stock market movements. This is especially true for US investors, Smigiel said, since US assets already make up such a large portion of global cap-weighted indexes.

☆ A fund manager who beat 95% of competitors in the last 2 years explains how he finds 'tremendous opportunities' for value creation and returns amid today's volatile stock market
▼ + stars: | 2023-04-24 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +3 min

Companies with healthy balance sheets and access to low or no-cost funding are likely to outperform. Ferguson is a fund manager for the BNY Mellon Dynamic Value Fund at Newton Investment Management. Across all sectors, Ferguson believes that companies with strong balance sheets and good liquidity will widely outperform their peers, especially in the face of a looming economic slowdown. Strong balance sheets in particular can help businesses endure turbulent times, since companies aren't forced to issue — and eventually pay back — a lot of high-cost debt. Likewise, Ferguson is currently bullish on the energy sector due to its incredibly strong balance sheets and focus on return of capital versus growth.

☆ Morningstar: Stocks are historically cheap — buy these 33 top undervalued names to brace for a volatile market today and profit from the recovery later this year
▼ + stars: | 2023-04-15 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

In a recent note, Morningstar shared its top 33 undervalued stocks to buy for the second quarter. While the near term may look difficult for investors, Sekera believes that these headwinds will force the Federal Reserve to pump the brakes on its rate-hiking program sooner rather than later. Valuations-wise, small-cap firms remain the cheapest, while mid-cap and large-cap stocks respectively remain just below and above market average. In a separate note, Morningstar analysts listed their top 33 undervalued stocks for the second quarter of 2023. The full list of names is below, along with each company's ticker, sector, market capitalization, and price versus fair value estimate.

☆ Bank of America stock chief Savita Subramanian told us why she thinks investors are using the exact wrong playbook for the oncoming recession, and what they should do instead
▼ + stars: | 2023-03-08 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Savita Subramanian says investors need to update their approaches as the economy slows down. Bank of America's US stock chief told Insider she's very wary of tech stocks and long-term bonds. In a recent interview with Insider, however, Subramanian pushed back on the idea that she's a bear. She's telling investors to overweight materials, energy, consumer staples, and financials in their stock portfolios. Stocks have outperformed bonds dramatically since that last high, and investors might start dumping bonds if they're disappointed by their returns again.

☆ Bank of America sees lithium surplus in 2023 as demand eases
▼ + stars: | 2023-03-07 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

"We see a lot of supply coming out from lithium mines ... We are expecting 38% lithium supply growth this year. That's why 2023 is likely to turn into a surplus year for lithium," Zhao told CNBC. She also said she expects China's electric vehicle demand growth to slow from 95% last year to 22% this year. In the two years ending December 2021, lithium carbonate spot prices rose 5% to stand at 277,500 yuan per ton. But subsequently surged to a record high of almost 600,000 yuan per ton in November 2022, more than 12 times January 2021 prices.

☆ These highly rated stocks offer strong dividends
▼ + stars: | 2023-02-21 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

As higher interest rates continue to weigh on markets, investors can pick out some highly-rated dividend stocks to bolster their portfolios. Dividend stocks can offer investors some stability during periods of volatility. Given this, we screened for highly-rated stocks that offer strong dividends, using Morningstar data. These names have a 5 star rating from Morningstar and boast a forward dividend yield of 3% or more. The gaming and consumer products company has dipped slightly this year, but has a 4.71% forward dividend yield.

☆ Jim Nelson ran the 2 best international stock funds in the world in 2022, according to Kiplinger. He told us how he's positioned them for success, and why investors should go global now.
▼ + stars: | 2023-02-02 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Jim Nelson managed the two best global stock funds of 2022, according to Kiplinger. Nelson detailed his overall approach, and why he thinks international value stocks will thrive. In 2022, Kiplinger named Nelson's EuroPac International Dividend Income Fund as the highest-returning international large-cap value stock fund of the year, and his EuroPac International Value Fund ranked second. About half of the Value Fund's assets are dedicated to either defensive consumer-facing companies or basic materials makers. While international stocks have lagged US-based stocks for a long time, he says indicators are favoring non-US stocks today.

☆ International stock trade could be in the first inning as investors seek alternatives to U.S. tech
▼ + stars: | 2023-01-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

"FANG" and other big cap tech have faded as favorite trades, but i nvesting in foreign stocks as a way to generate better returns is just beginning. The outperformance in foreign markets has not gone unnoticed by U.S. investors, bruised by the 19.4% decline in the S & P 500 last year. Also, investors in foreign stocks will benefit if their local currencies gain against the dollar. Investors are now monitoring foreign markets much more and focusing on what's happening in currency pairs, like dollar/yen. "I think a lot of investors will play Europe stocks right out of the gate," he said.

☆ 'Stocks look downright cheap': These are the top 33 bargain stocks to buy heading into 2023, according to Morningstar
▼ + stars: | 2023-01-10 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +4 min

Right now the cheapest stocks are in the communication services sector, where they are currently trading 43% below Morningstar's fair value estimates. Healthcare and real estate stocks also seem undervalued, trading 11% and 25%, respectively, below fair price estimates. Within the sector software stocks are trading at a 23% discount, semiconductor stocks are 12% undervalued, and hardware stocks are 15% undervalued, according to Morningstar sector director Brian Colello. On the other hand, consumer defensives and industrials seem to be starting 2023 off trading around fair value, while utilities stocks currently look about 5% overvalued. These stocks are listed below, along with each firm's ticker, market capitalization, sector, and price over fair value estimate.

☆ 2022 in gender equality: Share of female Fortune 500 CEOs hits all-time high, but other progress stalls
▼ + stars: | 2022-12-20 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

Women continue to face a significant wage gap that has hardly budged over the last 15 years, with women of color bearing the brunt of the disparity. The year "2022 really is a mixed bag when it comes to gender equality," says Melissa Boteach, the vice president for income security and child care/early learning at the National Women's Law Center. Aside from that victory, there has been little progress in closing the gender wage gap over the past decade. This year, the wage gap narrowed by one penny. The wage gap Black women face narrowed by about four cents in one year, while Latinas' wage gap didn't budge at all.

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