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☆ Hard to bet against U.S. large-cap stocks and Nvidia: Portfolio manager
▼ + stars: | 2024-11-20 | 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 EmailHard to bet against U.S. large-cap stocks and Nvidia: Portfolio managerDavid Wagner of Aptus Capital Advisors says the unique nature of U.S. large-caps' operating leverage at the "forefront of what they do" makes them attractive.

Persons: David Wagner Organizations: U.S, Nvidia, Aptus Capital Advisors

☆ 3-Stock Lunch: Tesla, Uber & Netflix
▼ + stars: | 2024-10-11 | 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 Email3-Stock Lunch: Tesla, Uber & NetflixDavid Wagner, Aptus Capital Advisors portfolio manager, joins 'Power Lunch' to discuss stock plays for three stocks

Persons: Tesla, Netflix David Wagner Organizations: Netflix, Aptus

☆ Gregg Berhalter fired as U.S. men’s soccer coach after Copa America first-round exit
▼ + stars: | 2024-07-10 | by ( ) www.cnbc.com time to read: +2 min

Gregg Berhalter, Head Coach of United States reacts after the first half during the CONMEBOL Copa America USA 2024 Group C match between Panama and United States at Mercedes-Benz Stadium on June 27, 2024 in Atlanta, Georgia. Gregg Berhalter was fired as U.S. men's soccer coach on Wednesday, nine days after his team's first-round exit from the Copa America flamed doubts he was the right person to remain in charge for the 2026 World Cup. Berhalter earned $2,291,136 in 2022, including $900,000 in bonuses for the Americans qualifying for the World Cup and reaching the second round. A top-level men's coach could put pressure on the USSF to increase the salary of newly hired women's coach Emma Hayes. Just 23 months remain before the World Cup comes to the United States for the second time and the Americans play their opener at Inglewood, California, on June 12, 2026.

Persons: Gregg Berhalter, Matt Crocker, Berhalter, Crocker, Cindy Parlow Cone, Jürgen Klopp, Thierry Henry, Marcelo Bielsa, Jesse Marsch, Hugo Pérez, Pellegrino Matarazzo, David Wagner, Steve Cherundolo, Jim Curtain, Massimiliano Allegri, Mauricio Pochettino, Emma Hayes Organizations: CONMEBOL Copa America USA, Mercedes, Benz, Copa America, Sporting, Canada, USSF, CONCACAF Nations League Locations: States, Panama, United, Atlanta , Georgia, America, New Zealand, United States, Inglewood , California

☆ Apple may soon be feeling the heat from investors over its slow rollout of buzzy AI products
▼ + stars: | 2024-03-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Tim Cook has tried to reassure shareholders the company is committed to AI innovation. A shareholder told The Wall Street Journal Apple hadn't made a "big splash," in the space, however. AdvertisementApple is moving more slowly on developing generative AI products than some of its Big Tech peers, leaving investors wondering when, or if, it will go all in on the technology. AdvertisementApple's CEO Tim Cook has been eager to reassure shareholders that the company is big on AI, however. At the Wednesday meeting, Apple shareholders also voted down a request for an AI transparency report.

Persons: Tim Cook, Apple hadn't, —, Brian Mulberry, Cook, David Wagner Organizations: Apple, Wall Street, Service, Big Tech, Zacks Investment Management, Wall Street Journal, Google, Microsoft, Reuters, Aptus Capital Advisors, Business, Bloomberg

☆ Walmart and Amazon face legal trouble for using a points system to track and fire employees over absences: lawyers
▼ + stars: | 2024-02-21 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +18 min

AdvertisementWalmart would not provide details on its points-based attendance system to Business Insider. AdvertisementSimilar to Walmart's policy, Amazon uses a points-based attendance system that could land employees in hot water if they hit eight points in a rolling 60-day period, according to the company. Many companies, including mid-size ones, have started to implement a points-based system to track lateness and absences, Zambrano noted. Amazon disputed the description of its points-based attendance system as totally "automated." "The attendance system works very similar to a standard time clock system," Stephenson, Amazon's spokesperson, told Business Insider.

Persons: Ron Zambrano, Zambrano, Lizzo, Nick Yasman, Yasman, Kelly Hellbusch, Hellbusch, Julio Cortez, Sam Stephenson, Stephenson, There's, Patricia Caputo, " Caputo, Caputo, Artur Widak, Amazon, Caputo wasn't, Mekaliah Torres, Torres, David Wagner, Wagner, Larreon Murphy, Murphy, they're, Elizabeth Gedmark, Gedmark Organizations: Walmart, Trial, Amazon, Business, West Coast, Lawyers, Employees, West Coast Trial, AP, United, Zambrano , West, California's Kern County Superior Court, Superior Court, California's Riverside County Superior Court, California's Sacramento County Superior Court Locations: California, Amazon, New York, Zambrano ,, California's Kern County, California's Fresno, California's Riverside County, California's Sacramento County

☆ Three-Stock Lunch: Walgreens, Target & Carvana
▼ + stars: | 2023-10-12 | 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 EmailThree-Stock Lunch: Walgreens, Target & CarvanaDavid Wagner, portfolio manager at Aptus Capital Advisors, joins 'Power Lunch' to discuss three stocks: Walgreens, Target & Carvana.

Persons: David Wagner Organizations: Walgreens, Target, Aptus Capital Advisors

☆ 3 reasons social listening can be the best way to connect small businesses with customers and inspire products
▼ + stars: | 2023-10-10 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +5 min

Social listening refers to monitoring your social media for customer feedback and industry trends. Social listening isn't easy, but small-business founders say it's worth your time. Here, two small-business owners explain how social listening benefits their companies. Sharma and Arias handle most of the social listening for their companies, with help from their small teams and the tools available within social platforms. "It's very manual," Arias said, adding that her customer-care consultant helped with day-to-day social listening and responding to comments and DMs.

Persons: SBOs, —, Ash Sharma, Sharma, Noa Arias, Bloomers, Shaula Alexander Yemini, David Wagner, Arias, Naomi Phan Organizations: Small, Service, New York, Cincha Locations: Oakland , California, New York City

While not a typical outlet for the sale of precious metals, the members-only warehouse chain has seen its 1-ounce gold bars sell out faster than discounted 170-ounce jugs of laundry detergent. Unlike some other discount finds at the retail giant, gold bars come with hefty price tag. Political Cartoons View All 1199 ImagesCostco did not specify how many gold bars have been sold recently, or how often it restocks them. Chances are, interest around Costco's gold bars isn't going away anytime soon. For other precious metals, silver for December delivery fell 23 cents to $21.15 an ounce and December copper fell 3 cents to $3.59 a pound.

Persons: Richard Galanti, —, there's, Jonathan Rose, ”, David Wagner III, Rose, Wagner Organizations: Costco, Associated Press, Genesis Gold, U.S ., Aptus Capital Advisors, Commodity Futures Trade Commission, Gold Locations: Issaquah , Washington

☆ Market reactions to Powell speech
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +8 min

"It is the Fed's job to bring inflation down to our 2% goal, and we will do so," Powell said. "August has been a difficult month for the market, so it is hungry for news that will help reverse the trend. Investors are hanging on to every word, but the main takeaway is that Powell signaled that the Fed would raise rates if needed. Rather than last year's short but brutal speech, Powell opted for a longer and calmer speech. KARL SCHAMOTTA, CHIEF MARKET STRATEGIST, CORPAY, TORONTO"On balance, this is a modestly less hawkish speech than markets had feared.

Persons: Jerome Powell, Powell, CHRISTOPHER HODGE, MICHAEL GREEN, ANDRE BAKHOS, CARSTEN BRZESKI, Ann Saphir, Christine, Lagarde, ” JOSEPH LAVORGNA, “, ” STUART COLE, ” QUINCY KROSBY, there's, DAVID WAGNER, Jackson, BRIAN JACOBSEN, patting, KARL SCHAMOTTA, Bernanke, Draghi Organizations: U.S . Federal, Federal, NFP, Fed, ING, Kansas City, REUTERS, CHIEF, CPI, Global Finance, Markets, Thomson Locations: U.S, JERSEY, FRANKFURT, Kansas, Jackson Hole , Wyoming, NIKKO, LONDON, CHARLOTTE, NORTH CAROLINA, CINCINNATI , OHIO, WISCONSIN, TORONTO

☆ Cash-rich stocks to buy: Bank of America details how 7 small and mid-sized companies are increasingly rewarding their shareholders right now
▼ + stars: | 2023-08-15 | by ( Laila Maidan | ) www.businessinsider.com time to read: +2 min

Small and mid-cap stocks are providing cash-flow opportunities, according to Bank of America. If you're looking for cash in the form of buybacks and dividends, small and mid-cap stocks may be a good bet, according to a Bank of America note from August 14. Earlier this year, the bank warned investors to remain discerning when it comes to buying in small-cap stocks. When an economy is on the mend, small-cap value stocks tend to rally ahead, leading the recovery by outperforming their larger counterparts over multiple years, according to David Wagner, portfolio manager for the SmallCap Value Fund at T. Rowe Price (PRSVX). Earlier in August, Bank of America held a virtual conference with executives from 20 small and mid-cap companies.

Persons: David Wagner, Rowe Price, Jill Carey Hall Organizations: Bank of America, Bank, America

U.S. bank shares dropped on Tuesday after ratings agency Moody's downgraded credit ratings of several U.S. regional lenders and placed some banking giants on review for potential downgrade. It warned lenders will find it harder to make money as interest rates remain high, funding costs climb and a potential recession looms. The warning caught some investors off guard. On Tuesday, SPDR S&P Regional Banking ETF's (KRE.P) options-based 30-day implied volatility rose to 31.1%, up from 28.9% touched on Monday. "In the near term, there are reasons for caution about banks in general and we have made changes where appropriate," he said.

Persons: SPDR, Steve Sosnick, There's, David Wagner, David Smith, Brian Mulberry, Michelle Price, Diane Craft Organizations: Moody's Corporation, P Bank, Regional Banking, Silicon Valley Bank, Banking, Interactive, Alert, Aptus Capital, Autonomous Research, Analysts, Zacks Investment Management, Thomson Locations: Manhattan , New York, U.S, Silicon

☆ Scorching summer temperatures could strain the economy even further
▼ + stars: | 2023-07-23 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

“The recent heat waves and scorching summer temperatures demonstrate the economic cost of heat stress,” Chris Lafakis, Moody’s Analytics’ director of economic research, wrote in an emailed response to a CNN query. Moody’s Analytics estimates that chronic physical risk from heat stress could reduce worldwide GDP by up to 17.6% by 2100. The losses are steepest in sectors such as agriculture and construction, but no industry or business is immune, she said. “Every summer we have a stretch [of excessively hot weather], where it might last from four days up to a week,” he said. “We have to look at the potential of our business model shifting to a nine-month facility going forward,” she said.

Persons: Lyn Thomas, there’s, Thomas, she’s, “, it’s, Chris Lafakis, Liliana Salgado, ”, Kathy Baughman McLeod, Adrienne Arsht, Cesar Chavez, Damian Dovarganes, That’s, Jack Vessey wasn’t, He’s, “ It’s, Vessey, Zeyla Alcantara, Patrick Tiseth, Jobs, Ami Feller, I’ve, Los Cerrillos, Harrold Granthan, Bonnie Mendoza, David Wagner, bloodsicles, Mendoza, Zach Fowle, Kyle Ledeboer, ” Fowle, ” They’ve, Justus Swanick, Joshua Graff Zivin, ” Graff Zivin Organizations: Minneapolis CNN, Phoenix, CNN, Reuters Workers, Rockefeller Foundation Resilience, Atlantic Council, Rockefeller, IBEW, Company, Lone Star, Roofer, Saddle Riding Company, Phoenix Zoo, Arizona Wilderness, Arizona Wilderness Brewing, University of California San Locations: Minneapolis, Louisiana, United States, California, Los Angeles, Holtville , California, Imperial County, Texas, New Braunfels, Santa Fe , New Mexico, Los, “, Arizona, Phoenix, University of California San Diego

☆ Goldman Sachs profits plunge 58% as dealmaking dries up
▼ + stars: | 2023-07-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

New York CNN —Goldman Sachs reported a sharp drop in profit on Wednesday as dealmaking and trading, a core part of the mega bank’s business, dry up. Goldman saw its investment banking revenue decline by about 20% in the second quarter of 2023, according to its latest earnings report, released Wednesday. While Citigroup and Morgan Stanley also saw their profit decline, Goldman reported the largest drop of its peers. “We’ve been very underimpressed by management’s execution and vision in regard to the consumer side of [Goldman Sachs],” said David Wagner, portfolio manager at Aptus Capital Advisors, on Wednesday. Goldman Sachs (GS) stock was down in early trading but erased earlier losses and was trading nearly 0.9% higher following the call.

Persons: New York CNN — Goldman Sachs, Goldman, Morgan Stanley, David Solomon, ”, Solomon, “, ” Solomon, We’ve, Goldman Sachs, David Wagner Organizations: New, New York CNN, Citigroup, Aptus Capital Locations: New York

[1/3] Goldman Sachs CEO David Solomon speaks during the Goldman Sachs Investor Day at Goldman Sachs Headquarters in New York City, U.S., February 28, 2023. David Wagner, a portfolio manager at Aptus Capital Advisors, exited his small position in Goldman Sachs months ago because he was unimpressed with managers' handling of the consumer business. Marcus, the consumer business, lost $3 billion in three years, and is being wound down. 1Solomon took the top job in 2018, leaning into Goldman's consumer business to broaden earnings beyond volatile revenue from trading and dealmaking. The retail operations struggled to gain traction against well-established consumer banks, prompting the bank to set aside billions to cover potential loan losses.

Persons: Goldman Sachs, David Solomon, Brendan McDermid, David Solomon's, Goldman, Morgan Stanley, Tom Montag, Solomon, JPMorgan Chase, Morgan Stanley's, David Wagner, Wagner, Marcus, Montag, David, Narendra Modi, Lakshmi Mittal, ArcelorMittal, Saeed Azhar, Lananh Nguyen, Megan Davies, Anna Driver Organizations: Goldman, REUTERS, JPMorgan, Aptus Capital Advisors, Bank of America, Thomson Locations: New York City, U.S, Solomon, India, New Delhi

☆ 3-Stock Lunch: LEN, POOL & CVNA
▼ + stars: | 2023-07-14 | 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 Email3-Stock Lunch: LEN, POOL & CVNADavid Wagner, Aptus Capital Advisors portfolio manager, joins ‘Power Lunch’ to discuss three stocks: Lennar, POOL and Carvana.

Persons: CVNA David Wagner Organizations: Aptus

☆ Three Stock Lunch: NOC, GE & BA
▼ + stars: | 2023-05-09 | 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 EmailThree Stock Lunch: NOC, GE & BADavid Wagner, Aptus Capital Advisors portfolio manager, joins 'Power Lunch' to discuss these three stocks: Northrop Grumman, General Electric and Boeing.

☆ First Republic Bank shares plumb new lows on report government reluctant to intervene
▼ + stars: | 2023-04-26 | by ( Niket Nishant | ) www.reuters.com time to read: +2 min

After a brutal selloff, the bank's market capitalization was about $886 million at its lowest on Wednesday, a far cry from its peak of more than $40 billion in November 2021. U.S. government officials are currently unwilling to intervene in the First Republic rescue process, CNBC reported, citing sources. Reuters GraphicsA trader works at the post where First Republic Bank stock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 16, 2023. "The (First Republic) assets will be sold, but it may take some time and could be sold at a pretty severe discount to par," David Wagner, portfolio manager at Aptus Capital Advisors, said. At least three brokerages have cut their price targets on First Republic's shares since it reported first-quarter earnings on Monday.

☆ First Republic Bank shares plummet day after hitting record low
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +2 min

April 26 (Reuters) - First Republic Bank's (FRC.N) shares fell nearly 10% in premarket trading on Wednesday as analysts highlighted concerns about the troubled lender's plans to turn around its business. The company's shares were last trading at $7.34, paring some losses from a 27% plunge earlier in the day. The stock lost nearly half its value on Tuesday and will hit a record low for the second straight day if current levels hold. At least three brokerages have cut their price targets on First Republic's shares since it reported first-quarter earnings on Monday. A string of earnings reports from regional banks last week had reassured investors, but the banking sector has come under renewed pressure following First Republic's results.

☆ Why the pros say there's still a lot of upside to JNJ after earnings beat
▼ + stars: | 2023-04-18 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the pros say there's still a lot of upside to JNJ after earnings beatJim Cramer, Stephanie Link of Hightower Advisors and David Wagner of Aptus Capital Advisors on what they think about Johnson & Johnson's stock falling after today's earnings and revenue beats.

☆ GameStop's surprise profit triggers short squeeze, meme stocks rally
▼ + stars: | 2023-03-22 | by ( Medha Singh | ) www.reuters.com time to read: +3 min

AMC and GameStop were at the heart of a meme-stock frenzy in 2021 driven by small investors coordinating on social media. Among other highly shorted meme stocks, Koss Corp (KOSS.O) climbed 9.5%, Bed Bath & Beyond (BBBY.O) reversed course to slip 1.3%, while the Roundhill MEME ETF (MEME.P) rose 4.2%. "Luckily, this go around is not due to meme investors, but an actual tangible fundamental event," said David Wagner, portfolio manager at Aptus Capital Advisors. SOURING SHORT BETSWhen there is a rush of demand from short sellers looking to exit their bearish bets amid a rise in a stock's price, it pushes prices even higher, resulting in a short squeeze. Another favorite among retail investors - Carvana Co (CVNA.N) - jumped 22% after the used-car retailer said it expects a smaller core loss in the current quarter.

☆ Bank of America says buy these 30 small-cap stocks that are set to outperform as we enter an economic downturn and bank collapses worsen
▼ + stars: | 2023-03-17 | by ( Laila Maidan | ) www.businessinsider.com time to read: +2 min

The note recommends sticking to value and emphasizing free cash flow when investing in small caps. The 30 stocks below are the top contenders from the Russell 2000 set to best perform in this phase. Yep, we've entered the "downturn" phase, says a March 14 note from Bank of America. Specifically, they should focus on value with an emphasis on free cash flow (FCF), which is what's leftover after a company has covered its operating and capital expenses. And when the economy turns the corner, small-cap, value stocks tend to lead the market's recovery, usually outperforming over multiple years, according to David Wagner, portfolio manager for the SmallCap Value Fund at T.Rowe Price (PRSVX)Below is a list of 30 small-cap stocks compiled by Bank of America and pulled from the Russell 2000 that have an analyst "Buy" rating.

☆ Three-Stock Lunch: Dish Networks, Advance Auto Parts and Him & Hers Health
▼ + stars: | 2023-02-28 | 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 EmailThree-Stock Lunch: Dish Networks, Advance Auto Parts and Him & Hers HealthDavid Wagner, portfolio manager at Aptus Capital Advisors, joins 'Power Lunch' to discuss three stocks moving on the back of Q4 earnings.

☆ 'Stubborn' food inflation leaves U.S. shoppers with slim appetite for other goods
▼ + stars: | 2023-02-23 | by ( Siddharth Cavale | ) www.reuters.com time to read: +4 min

Higher prices on food led to soft sales of electronics, toys, home and apparel in the most recent quarter at Walmart. McMillon said he believed inflation on dry groceries and items made for immediate consumption would remain high "for a while". "Food inflation has been the most stubborn of all the categories," Walmart's U.S. CEO John Furner said. Sharp sales declines in categories other than food are forcing retailers like Target (TGT.N) to slash prices on everything from toys to electronics. While groceries comprise 56% of Walmart sales, they make up about 20% of sales at Target, which depends more on home furnishings, apparel and beauty.

[1/2] Goldman Sachs' Chairman and CEO David Solomon attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. REUTERS/Denis BalibouseNEW YORK, Jan 27 (Reuters) - To listen to Goldman Sachs Group Inc (GS.N) chief executive David Solomon, the bank is doing "great," while skeptical investors wonder what comes next. Still, Goldman shares are up 3.6% over the past year, outperforming the S&P 500 banking index and peers. In October, Goldman scaled back ambitions for Marcus by placing it under the newly-merged asset and wealth division. "Going back to what has made Goldman great for decades will allow the firm to reset and recover," he said.

☆ Investors should focus on 'sustainable yield' amid low-return enviroment, says Aptus Capital's David Wagner
▼ + stars: | 2023-01-20 | 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 EmailInvestors should focus on 'sustainable yield' amid low-return enviroment, says Aptus Capital's David WagnerDavid Wagner, portfolio manager at Aptus Capital Advisors, joins CNBC's 'Power Lunch' to discuss what the stock market is telling about the economy as we complete three weeks into 2023.

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