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☆ Buy stocks like Nvidia to cash in on the AI data center wave, Bank of America says
▼ + stars: | 2024-09-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Bank of America highlighted a host of stocks that are worth snapping up — including a few names benefiting from the artificial intelligence and data center revolution. Johnson Controls "Best-in-class data center assets and change is coming. … Leading position in data centers JCI is on track to generate ~$4bn from data centers, or ~14% of revenue in FY24E. JCI's data center exposure compares to Trane Technologies' ~4% and Carrier's ~3%, by our estimate. … We rate Broadcom Buy due to its high-quality diversified exposure to secular product cycles in the smartphone, cloud data center, telecom and enterprise storage markets."

Persons: Alexander Waters, Waters, Dycom, Johnson, it's, Andrew Obin, Obin, George Oliver, Vivek Arya, Arya's, Arya Organizations: America, CNBC, Bank of, National Grid, Broadcom, Nvidia, Johnson, Dycom Industries, government's Broadband Equity, Dycom, JCI, Johnson Controls, VMware, Industries, Trane Technologies Locations: FY24E

☆ A market and tech hedge ahead of an uncertain Fed decision next week
▼ + stars: | 2024-09-13 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

The Federal Reserve has telegraphed the kickoff of their interest rate cutting campaign to begin next week. I believe a quarter-point interest rate cut is their first step but, a half-point interest rate cut (which has the ability to roil markets) has recently been floated strongly. The Nasdaq-100 dropped 6% last week and is now up nearly 5% this week, these are not normal market conditions. QQQ YTD mountain Invesco QQQ Trust, YTD The Cboe Volatility Index , yet elevated, is not showing current signs of panic. The trade The CME Fedwatch tool is narrowly favoring a 25 basis point interest rate cut but, it is oddly closer to a coin toss than it was last week.

Persons: pont, QQQ Organizations: Federal Reserve, Fed, Nasdaq, CNBC, NBC UNIVERSAL

☆ Watch Friday's full episode of the Halftime Report — September 13, 2024
▼ + stars: | 2024-09-13 | 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 EmailWatch Friday's full episode of the Halftime Report — September 13, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

(This is CNBC Pro's live coverage of Friday's analyst calls and Wall Street chatter. A biotech stock and an energy company were among the names being talked about by analysts on Friday. — Sean Conlon 6:19 a.m.: Pivotal says buy TKO Group A competitive media landscape could mean gains for TKO Group , according to Pivotal Research Group. TKO Group shares are up nearly 41% year to date. TKO YTD mountain TKO in 2024 — Sean Conlon 5:49 a.m.: JPMorgan downgrades Moderna to underweight JPMorgan sees a rocky road ahead for Moderna .

Persons: Raymond James, Srini Pajjuri, — Sean Conlon, Jeffrey Wlodarczak, Jessica Fye, Fye, it's, Ameet, Thakkar, he's, Fred Imbert Organizations: CNBC, JPMorgan, Moderna, BMO Capital Markets, GE Vernova, ARM, Research, JPMorgan downgrades Moderna, Food and Drug Administration, BMO, GE, General, Gas Power, General Electric Locations: Thursday's

☆ Tesla is poised for a breakout, according to the charts
▼ + stars: | 2024-09-13 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

Before we get into the charts, it's important to discuss the process of choosing to write about TSLA this week. In other words, oftentimes, the most comprehensive method to locate constructive trade set-ups is reviewing a big list and taking note of the charts that look attractive. That's why I frequently intentionally do NOT look at the chart's stock symbol while going through a long list. I want the chart, and only the chart, to be the factor that influences my decision to potentially buy or sell it. Thus, seeing the above potential breakout attempt come to fruition would have a meaningful impact on its longer-term trend, too.

Persons: TSLA, That's, Frank Cappelleri Organizations: Tesla, CNBC, NBC UNIVERSAL

☆ Walmart and Clorox are among the most overbought stocks on Wall Street. Here are some others
▼ + stars: | 2024-09-13 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +8 min

Retail giant Walmart is among this week's most overbought stocks, with an 14-day RSI reading of 81.7. The average price target on the Oakland, California-based stock is nearly 10% below the stock's current price, suggesting a pullback may lie ahead. Analysts estimate Halliburton and APA might rally nearly 60% each, while Occidental's price target is 38% above its current level. The average price target on the Oakland, California-based stock is nearly 10% below the stock's current price, suggesting a pullback may lie ahead. Analysts estimate Halliburton and APA might rally nearly 60% each, while Occidental's price target is 38% above its current level.

Persons: Clorox, Johnson, Let's, Gabby Jones, Cooper Organizations: Nasdaq, Dow Jones, CNBC Pro, Retail, Walmart, Consumer, Johnson, Energy, Halliburton, APA, . Occidental Petroleum, Occidental Petroleum, Pharmaceutical, Moderna, JPMorgan, Bloomberg, Getty, UDR UDR, Inc, Oracle Corp, CNBC, HAL Halliburton, APA APA Corp, Occidental Petroleum Corp, Walgreens, Body Locations: Arkansas, Oakland , California, Secaucus , New Jersey

☆ How one climate startup aims to use AI to protect the power grid
▼ + stars: | 2024-09-12 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

As fires intensify in the western United States, utility companies are on the front lines, working to protect the power lines that serve millions of customers. And as the frequency of fires and severe storms increases, so does the amount of technology that utility companies use to keep things running. National Grid, which services customers in much of the northeast, is both a client of and investor in AIDash through its venture capital arm, National Grid Partners. In addition to National Grid Partners, AIDash is backed by Duke Energy , Edison International, Shell Ventures, Lightrock and SE Ventures. As part of the green transition, and as more industries make the switch to all-electric power, grid capacity and reliability will become even more vital.

Persons: Abhishek Singh, AIDash, Singh, Andre Turenne, Turenne, Lisa Rizzolo Organizations: CNBC, Grid, National Grid Partners, AIDash, Duke Energy, Edison International, Shell Ventures, Ventures, National Grid Locations: United States, U.S, California, AIDash, United Kingdom, New York, Massachusetts

☆ A hedge if this tech comeback is a head fake and a correction is still in order
▼ + stars: | 2024-09-12 | by ( Michael Khouw | ) www.cnbc.com time to read: +3 min

The Technology Select Sector Index, which the ETF 'XLK ' tracks, is down about 9% since the all-time high on July 10. This is even though the technology sector earnings have experienced a compound annual growth rate 2.7% greater than the S & P 500. The chart below reflects the earnings growth of the Technology Sector vs. the S & P 500 over the past 20 years in a log scale. Not only has the technology sector grown earnings faster, but earnings growth has also been more stable. While technology stocks are down almost 9% from their all-time highs, those all-time highs also reflected all-time high valuations.

Persons: we've, it's Organizations: Technology, CNBC, NBC UNIVERSAL

☆ Watch Thursday's full episode of the Halftime Report — September 12, 2024
▼ + stars: | 2024-09-12 | 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 Thursday's full episode of the Halftime Report — September 12, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ Stocks linked to the economy are acting poorly, especially this bellwether, according to the charts
▼ + stars: | 2024-09-12 | by ( Carter Braxton Worth | ) www.cnbc.com time to read: +2 min

Year to date, the S & P 500 machinery group is up only 8% versus the S & P 500 industrial sector, which is up 12%. The S & P 500 itself which is up 16%. We remain underweight industrials generally, and machinery stocks specifically. Here's S & P 500 machinery industry comprising 17 stocks with a total market capitalization of $764 billion: The 2-panel chart below depicts the S & P 500 machinery industry marking new highs the past 18 months, yet a series of lower relative highs to the market. Top Panel: S & P 500 Machinery Industry Group Bottom panel: Machinery's Relative Performance to the S & P 500 Index Caterpillar chart below... we're sellers here.

Persons: Here's, Carter Braxton Worth Organizations: Caterpillar, Machinery Industry, CNBC, NBC UNIVERSAL Locations: U.S

The bank raised its price target on MercadoLibre Thursday to $2,500 from $2,225, suggesting 22% upside from Wednesday's close. The bank increased its price target to $230 from $200, implying nearly 16% upside from Wednesday's close. Supino also lifted the firm's price target to $93 a share, reflecting about 33% upside from Wednesday's close. Analyst Adam Berlin lowered his 12-month price target to $29 from $34, implying 6% downside. The investment firm's price target of $159 implies more than 2% downside from Wednesday's close.

Persons: Robert Ford Aguilar, — Michelle Fox, Wells, Wells Fargo, Eric Luebchow, Luebchow, Lisa Kailai Han, Sean Conlon, Wolfe, Peter Supino, Supino, Samantha Subin, BofA, George Staphos, a.m, Adam Berlin, Berlin, IPG, — Sean Conlon, Bernstein, Mark Moerdler, — Lisa Kailai Han, Stifel, Simon Yarmak, Andrea Pistacchi, Brandt Montour, it's, Montour, Fred Imbert Organizations: CNBC, Barclays, Bank of America, Diageo, Mercado, Mobile, Sprint, Wolfe Research, UBS downgrades, UBS, billings, GM, Pfizer, Oracle, Simon Property, Property Group, SPG, U.S, New York Stock Exchange Locations: Brazil, Mercado Pago, Wells Fargo, Wells, Roku, Berlin, America, U.S

☆ Chip stocks have been through wild swings, but analysts still like these names — giving one 97% upside
▼ + stars: | 2024-09-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Semiconductor stocks have been volatile. Last Friday, the VanEck Semiconductor ETF fell 11.6% in a day. Investors might be wondering: What's the outlook for semiconductor stocks — which have been boosted by artificial intelligence — and are there pockets of buying opportunity? It expects orders for PCs and general servers to improve next year as AI-driven demand picks up. As for memory chips, supply is set to remain tight at least till the first half of 2025, thanks to investments in high-bandwidth memory, Morningstar said.

Persons: Morningstar, GlobalWafers Organizations: VanEck Semiconductor, SK Hynix, Micron Technology, Morningstar, Edge, Samsung, Screen CNBC, Van Eck Semiconductor Locations: United States

A golden cross is a chart pattern in which a stock's 50-day moving average moves above its 200-day average. Given the more volatile backdrop, CNBC Pro screened FactSet for stocks that are forming or approaching a golden cross pattern. The health-care stock has a 50-day moving average of $103.31 and is approaching its 200-day moving average of $104.14. MarketAxess Holdings Meanwhile, the 50-day moving average of $230.11 for MarketAxess Holdings has already surpassed its 200-day moving average of $228.36, indicating possible future gains. Its 50-day moving average of $218.04 has also already passed its 200-day moving average of $215.18.

Persons: paring, Cardinal Health's Organizations: Dow Jones, Nasdaq, CNBC Pro, Health, Holdings, MarketAxess Holdings, SBA Communications SBA Communications, SBA Locations: Wednesday's

☆ Deutsche Bank's Binky Chadha sees room for S&P 500 to run into year-end
▼ + stars: | 2024-09-12 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Deutsche Bank's Binky Chadha lifted his year-end target for the S & P 500 on Thursday, saying the market has more room to run despite current turmoil. He tied this call to the fact that valuations are supported despite being at the top of their fair-value ranges. .SPX YTD mountain S & P 500, year to date He said to expect more choppiness, such as what investors have experienced in recent weeks, even as the market recovers from its current correction. Chadha expects prices to retreat again going into the presidential election, only to rally afterward to year-end. The S & P 500 has added about 2.5% in the third quarter despite rocky trading.

Persons: Chadha Organizations: CNBC

☆ A 'butterfly' options spread trade that pays off if there's an earnings-driven rally in Adobe
▼ + stars: | 2024-09-11 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

The company's innovation pipeline provide long-term growth potential, with the earnings event likely serving as a catalyst for further upside. With expected EPS growth of 14% and revenue growth of 11%, Adobe maintain its leadership in the software industry. To capitalize on the potential for an earnings-driven rally, we suggest using a "broken wing butterfly," which offers a high reward-to-risk ratio. Specifically, I suggest the ADBE Sep 20, 2024 $585/630/650 Call butterfly at $10.96 Debit. This strategy entails: • Buying the Sep 20 $585 Calls @ $18.80 • Selling the Sep 20 $630 Calls (2 contracts) @ $5.53 • Buying the Sep 20 $650 Calls @ $3.22 This butterfly strategy offers a maximum reward of $3,404 per contract while limiting risk to only $1,096 per contract.

Organizations: Adobe, CNBC, NBC UNIVERSAL

☆ Check out these 11 U.S.-listed foreign stocks — which analysts give over 100% upside
▼ + stars: | 2024-09-11 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The table below lists 11 stocks that analysts give over 100% upside potential in their local currency over the next 12 months. Investors should note that these stocks are exposed to foreign exchange fluctuations. Although the company has a primary listing on the Toronto stock exchange, the stock is also traded on U.S. stock exchanges . Valneva France-based Valneva has the second-biggest consensus upside potential on the list, at 213%. Stifel's price target of 9 euros ($9.94) a share indicates a 201% upside potential.

Persons: Desjardins, Frederic Tremblay, Canaccord, Katie Lachapelle, Meaghan, Valneva, Lyme, Christian Glennie, Evan Wang Organizations: CNBC Pro, Battery Metals, Valneva, Pfizer, Analysts, Guggenheim Securities Locations: U.S, Toronto, James Bay, Valneva France, Paris

☆ CNBC Daily Open: Lower rates might hurt banks
▼ + stars: | 2024-09-11 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Tough environment for European companiesChina's environment for businesses is so thorny that European companies have grown discouraged with operating in the country, according to the EU Chamber of Commerce. If European companies were to invest in China further, Beijing must act on its pledges to improve the business conditions, the chamber's paper wrote. CNBC Pro looked for companies headquartered overseas, but listed in the U.S. – and may experience over 100% upside, according to analysts.

Persons: Morgan, Dow, First Harris, Kamala Harris, Donald Trump, Taylor Swift, Harris, Cat Lady Organizations: Canary, CNBC, Nasdaq, Japan's Nikkei, U.S ., Trump, EU Chamber of Commerce, Federal Reserve Locations: Wharf, London, United Kingdom, Asia, Pacific, fracking, China, Instagram, Beijing, U.S

☆ Financials have been on fire lately. These stocks are expected to fly higher from here
▼ + stars: | 2024-09-11 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Financials have been on a tear lately, and some stocks in the space could break out. The S & P 500 financial sector has advanced more than 16% this year and nearly 4% over the past month. It's also jumped 7% during the third quarter, outperforming the S & P 500's 0.3% increase. The S & P 500 and the Nasdaq Composite are both down more than 2% in September. KKR YTD mountain KKR stock.

Persons: It's, Wells Fargo, Nicholas Watts, there's, Matt O'Connor Organizations: Nasdaq, CNBC, Stock, KKR, Atlantic, Global, LSEG, Deutsche Bank, Bank of America, Deutsche, Berkshire Hathaway Locations: U.S, financials, Wells Fargo, Berkshire

☆ Solar stocks get a Harris bump. What the charts say about whether the rally is for real
▼ + stars: | 2024-09-11 | by ( David Keller | ) www.cnbc.com time to read: +4 min

But the stock quickly dropped to find new support around $210, eventually settling into a trading range between $200 and $240. This price range lines up well with previous resistance from 2023, adding further conviction to the importance of these levels. But if RUN can finally break above the $24 level, that would mean clear skies ahead from a technical perspective. While solar stocks still have much to prove, their technical configurations suggest investors should watch this space closely leading into the November elections. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Kamala Harris, FSLR, it's, David Keller Organizations: Nasdaq, Inc, Sunrun Inc, CMT, Sierra Alpha Research, CNBC, NBC UNIVERSAL

6:59 a.m.: Citi raises AT & T price target A wave of improving outlook for telecommunications could benefit shares of AT & T , according to Citi. The firm upgraded the telecommunications company to neutral from sell and left its $350 per share price target unchanged. "Although our 2028 EPS is still c16% ahead of consensus, we now see less scope for earnings outperformance 2024/2025," the analyst added. The firm upgraded the home furnishings stock to buy from hold and increased its price target to $156 per share to $148. His price target of $105, down from $122, implies upside of just 8.7% from Tuesday's close.

Persons: Goldman Sachs, Morgan Stanley, Jefferies, Michael Rollins, Rollins, — Brian Evans, Graham Parry, Parry, Sonoma Jefferies, William, Jonathan Matuszewski, Matuszewski, Brian Evans, Goldman Sachs downgrades Morgan Stanley, Richard Ramsden, Ramsden, Fred Imbert Organizations: CNBC, Williams, Citi, AT, JV, Apple, Communications Citi, Communications, Charter Communications, Bank of America downgrades Novartis Bank of America, Novartis, William, Elm, Brands, WSM, Goldman Sachs downgrades Morgan Stanley Investors Locations: U.S, Sonoma, Swiss, William, Tuesday's

☆ Watch Wednesday's full episode of the Halftime Report — September 11, 2024
▼ + stars: | 2024-09-11 | 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 Wednesday's full episode of the Halftime Report — September 11, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ Small caps are outperforming large caps. How to use charts to find buy candidates in the group
▼ + stars: | 2024-09-10 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

Then on July 11, things really got started as June CPI came in below expectations and the outlook for the first Fed rate cut became significantly more likely. Let's drill down into the sectors that makeup the Russell 2000 to see who's leading and lagging since that July 5th turning point. Let's find out who is actually profitable and could maintain the rally after the initial shine of a fresh rate cut wears off. Where to look in small caps A big component of the Russell 2000 based on market capitalization representation is health care at 18.7%. Should the Fed strike a dovish tone after the first rate cut I will be shopping for quality names.

Persons: Russell, Piper Sandler, Hamilton Lane, Jefferies, JEF, Todd Gordon, Gordon, ARES Organizations: Nasdaq, Inside Edge, CNBC PRO, Ares Management, Fed, CNBC, NBC UNIVERSAL Locations: financials

☆ A trade that wins if Apple shares continue to break down following iPhone event
▼ + stars: | 2024-09-10 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Moreover, shortly after Apple introduced the iPhone 16 , Chinese smartphone manufacturer Huawei launched its tri-fold phone, the Mate XT. This device garnered significant attention, securing more than 2 million pre-orders within just a few hours of its release. The trade The trade structure I'm employing is known as a "bear put spread." 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: Tim Cook, AAPL, Nishant Pant Organizations: Apple, Huawei, AAPL, CNBC, NBC UNIVERSAL Locations: AAPL

☆ The utilities sector is up 20% in 2024. Analysts love these dividend-paying names
▼ + stars: | 2024-09-10 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Bank of America sees yet another tailwind for utilities: The sector is a way to play falling interest rates. To that end, CNBC Pro used FactSet data to screen the S & P 1500 utilities sector, looking for companies that meet the following criteria. A total return – the stock price plus the value of reinvested dividends – of at least 10% in 2024. The stock offers a dividend yield of 3.0% and has a 2024 total return of nearly 23%. Year to date, the stock has a total return of nearly 38%, and it offers a dividend yield of 2.5%.

Persons: Savita Subramanian, Garrick Rochow, Morgan Stanley, David Arcaro, Diego's, —, Fred Imbert Organizations: Constellation Energy, NRG Energy, Mizuho Securities, Bank of America, Utilities, Real, CNBC Pro, Street, CMS Energy, Consumers Energy, CMS, NextEra, Management, Google, CNBC, PPL Locations: Jackson, Michigan, , Florida, 1Q24, Allentown, Penn

☆ Want to cash in on India's growth? Veteran investor names 5 'well-run' companies to buy right now
▼ + stars: | 2024-09-10 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Interest in India has been rising steadily among investors, thanks to its growing economy , strong stock market performance and burgeoning population . Amid some talk of an Indian stock market bubble , however, Pramod Gubbi, co-founder of Marcellus Investment Managers, revealed how he is playing the market. So, our job is to evaluate whether the management teams are hungry enough to identify changes that are happening and adapt to them," he told CNBC Pro last week. Women-led themes One theme that Gubbi is interested in is how India's growing numbers of working women are spending their money. Other stocks Other Indian companies Gubbi likes include Divi's Laboratories and HDFC Bank .

Persons: Pramod Gubbi, Marcellus, Gubbi, Maggi, Nescafe Organizations: Marcellus Investment, Management, CNBC Pro, Bombay Stock Exchange, Tata Group, Brands, Nestle, —, Paints, Divi's Laboratories, HDFC Bank, Novartis, GSK, Merck Locations: India, U.S, China

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