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Small-cap stocks could see a monster rally ahead if they break above a key level. The Russell 2000 hit a high of 2,441.72 on Monday, just a hair below the November 2021 closing high of 2,442.74 before pulling back Tuesday and Wednesday. Small caps have been on a tear since the presidential election last week, after Donald Trump secured a second term. The Russell 2000 is up about 4.5% since the election, outperforming its large-cap counterparts. .RUT 5Y bar Russell 2000 less than 1% from record The technical strategist noted that move may not happen immediately.
Persons: Russell, Wolfe, Rob Ginsberg, Donald Trump, Yun Li Organizations: Wolfe Research, Dow Jones, Nasdaq
With the S & P 500 trading around record highs and hanging around 6,000, one Wall Street firm revised its year-end S & P 500 price target, expecting more gains before the end of the year. We use the S & P 500 Short Range Oscillator as our guide to when the market is overbought or oversold. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Dow, Donald Trump administration's, Morgan Stanley, Wells Fargo, Eaton, Trump's, Oppenheimer, Wells, Tyson, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Apple, Nvidia, Microsoft, Honeywell, BlackRock, Tyson Foods, AstraZeneca, Club, Disney, Jim Cramer's Charitable Locations: Dover, Wells Fargo
Have you missed out on the Trump rally?
  + stars: | 2024-11-11 | 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 EmailHave you missed out on the Trump rally? Katrina Simonetti, Morgan Stanley Private Wealth senior vice president, joins 'Fast Money' to discuss the sectors that rallied post-election. And why investors who remained on the sidelines missed out, and should be cautious about entering this overbought market.
Persons: Katrina Simonetti, Morgan Stanley Organizations: Trump, Morgan Stanley Private
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnderpinnings of current equity rally are still pretty strong, says BMO's Yung-Yu MaYung-Yu Ma, BMO Wealth Management CIO, joins 'Money Movers' to discuss how much investors need to monitor the market's overbought levels, if forward earnings estimates need to move with the markets, and much more.
Persons: BMO's Yung, Yu Ma Yung, Yu Ma Organizations: BMO Wealth Management
We recommend letting bitcoin digest its strong gains of late in a short-term consolidation phase before adding exposure. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.
Persons: bitcoin, Katie Stockton Organizations: Trump, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: bitcoin
These are the most overbought stocks after Trump's win this week
  + stars: | 2024-11-08 | by ( Pia Singh | In | ) www.cnbc.com   time to read: +4 min
Several software companies could be due for a pullback after the stock market's roaring rally this week, fueled by president-elect Donald Trump's election victory as well as robust quarterly earnings reports. Shares of video game makers Take-Two Interactive Software and Electronic Arts are two of the stocks that are technically overbought right now, according to the analysis. The most overbought stock this week was human capital management software company Dayforce, with an RSI of 92.4. But higher prices and expectations of normalizing pricing, which helped Coke guide its organic revenue growth this year to the high end of a prior forecast, could lead the stocks higher. Other oversold stocks include power generation company AES , as well as radio frequency equipment maker Qorvo and Regeneron Pharmaceuticals — the latter two of which were also oversold the previous week.
Persons: Donald Trump's, Trump, Morgan Stanley, Mills, Dr Pepper Organizations: Major, Dow Jones, Nasdaq, CNBC Pro, Companies, Electronic Arts, Software, Gilead Sciences, AES, Regeneron Pharmaceuticals Locations: Major U.S, Gilead
These are the most overbought stocks as November kicks off
  + stars: | 2024-11-01 | by ( Pia Singh | In | ) www.cnbc.com   time to read: +4 min
Investors have been accumulating shares of several big-name companies, from GE Vernova to United Airlines , during the market's recent dip. But those and other overbought stocks could be due for a pullback, according to one popular yardstick. Strong earnings from tech giants Amazon and Intel late Thursday were partly responsible for equity gains on Friday, as investors still look to megacap tech stocks for leadership. CNBC Pro screened for stocks that are considered technically overbought on the basis of their 14-day relative strength index, or RSI. Companies with a 14-day RSI above 70 are often regarded as overbought, signaling a pullback may be ahead, while a 14-day RSI below 30 often suggests a stock is oversold and could see future upside.
Persons: Nicole DeBlase, DeBlase, FactSet, Estée Lauder, Dr Pepper Organizations: GE Vernova, United Airlines, Dow, Nasdaq, Amazon, Intel, CNBC Pro, Companies, GE, FactSet, Electric, Deutsche Bank, Pharmaceuticals, eBay Locations: United, U.S, Chicago, China
There could be additional upside to bitcoin and gold if former President Trump emerges victorious in next week's election, according to JPMorgan. Spot bitcoin ETFs saw $1.3 billion of new investor money in the first two days of this week, Panigirtzoglou noted. Meme and AI-related tokens are also outperforming the overall crypto market in another measure of retail investors' aniumal spirits. Bitcoin futures have become "rather overbought" and could face vulnerability "going forward." The picture is similar for gold, where retail investors continue to buy gold ETFs while activity in gold futures shows a pause.
Persons: Trump, Nikolaos Panigirtzoglou, Kamala Harris, Panigirtzoglou, CNBC's Michael Bloom Organizations: JPMorgan, Retail, Trump, Republican, Democratic
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStockton: The markets are a little overbought coming into this earnings seasonKatie Stockton of Fairlead Strategies discusses what investors should focus on during earnings season, and why gold is a good illustrator of the rotation in the markets.
Persons: Katie Stockton Locations: Stockton
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: Jack, JACK, Katie Stockton Organizations: McDonald's Corp, Brands Inc, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: How chart guru Carter Worth knows when it's time to sellCNBC's Dominic Chu speaks with Carter Braxton Worth, founder and CEO of Worth Charting LLC, to find out how he uses charting alongside his 35 years of Wall Street expertise to decide which stocks are overbought and which could be on the cusp of an upswing. Plus, he takes stock-specific questions from Pro subscribers.
Persons: Carter Worth, CNBC's Dominic Chu, Carter Braxton Worth Organizations: Worth
Stocks including United Airlines and Morgan Stanley have seen immense buying on Wall Street this week and could be in store for a pullback. United Airlines stock has surged more than 82% in 2024, and has a 14-day RSI of 85.9, which is the second-highest reading on the list. UAL YTD mountain United Airlines stock. Morgan Stanley stock is also overbought this week, with a 14-day of RSI of 79.5. MS YTD mountain Morgan Stanley stock.
Persons: Morgan Stanley, General Mills Organizations: United Airlines, Nasdaq, Microsoft, Nvidia, CNBC Pro, FactSet, Morgan, Moderna, Enphase Energy
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPro Talks: Carter Worth on looking for patterns to drive investing decisionsCNBC's Dominic Chu speaks with Carter Braxton Worth, founder and CEO of Worth Charting LLC, to find out how he uses charting alongside his 35 years of Wall Street expertise to decide which stocks are overbought and which could be on the cusp of an upswing. Plus, he takes stock-specific questions from Pro subscribers.
Persons: Carter Worth, Dominic Chu, Carter Braxton Worth Organizations: Worth
We can see the cup-with-handle pattern developing on the daily chart, consisting of a six-month rounded bottoming pattern followed by a brief pullback in the month of October. The key to a cup with handle pattern is the "rim" of the cup, which is essentially a trendline connecting the highs during the price pattern. Other indicators on the chart seem to suggest that an impending breakout is likely, especially the RSI which has been in a bullish range since July of this year. Similar to the daily chart, we can see the weekly RSI has been in a bullish range for the last five years. This continued bullish momentum range suggests a bullish secular trend, reinforcing the upside potential represented on the daily chart.
Persons: I'm, I've, David Keller Organizations: Kroger Co, Kroger, RSI, CMT, CNBC, NBC UNIVERSAL
The stock is consolidating just below all-time highs and if Netflix's move after earnings is any indication, I think SPOT should punch through to new all-time highs. We're currently trading at $386, just below the all-time highs of $387 set back in 2021. The earnings trajectory for this company has been insane: 2022 EPS ($3.09) 2023 EPS ($2.95) 2024 EPS +$6.37 2025 EPS +$9.06 (est.) Netflix beat expectations and broke to new all-time highs led by new subs, 50% of which are coming from an ad tier. Meta is also in the communication sector sitting close to new all-time highs like NFLX, so the trend for this group remains firmly higher.
Persons: Todd Gordon, Gordon Organizations: Spotify, Apple, Sirius XM, Tactical Alpha, Netflix, Meta, Facebook, Inside Edge, CNBC, NBC UNIVERSAL
Earnings drove the stock market higher — can they do it again in the week ahead? But he acknowledged that timing is key because our portfolio discipline mandates that we consider lightening up our stock exposure in an overbought market. In fact, AMD was our worst-performing stock for the entire week, losing more than 7% following the prior week's 1.8% slide. Energy was the worst sector of the week for the market as oil prices sank. In the week ahead, housing numbers are the main draw on the economic front.
Persons: Jim Cramer, ASML, Morgan Stanley, WTI, industrials, We're, Sartorius, Danaher, we're, Stanley Black, Lockheed Martin, Philip Morris, Clark, Baker Hughes, Lam, DOV, CARR, Davidson, Northrop, Edwards Lifesciences, Jim Cramer's, Jim, Stocks, Tuesday's, Spencer Platt Organizations: Dow, Nasdaq, Netflix, Modelo, Corona, Constellation Brands, Taiwan Semiconductor Manufacturing Company, Nvidia, AMD, Broadcom, Club, Abbott Laboratories, Energy, Texas, Honeywell, Danaher, Federal Reserve, Treasury, SAP, Logitech, Verizon, General Motors, GE Aerospace, GE, Lockheed, Quest Diagnostics, Norfolk Southern, Polaris, Seagate Technology, Texas Instruments, Canadian National Railway Company, Boeing, GE Vernova, Fisher, Boston, General Dynamics, Hilton, Lam Research, Business Machines, IBM, Newmont, Viking Therapeutics, Vista Energy, Mattel, O'Reilly Automotive, Whirlpool, American Airlines, United Parcel Service, Southwest Airlines, Tractor Supply Company, Carrier Global, Dow Chemical, DOW, Harley, Union Pacific, Valero Energy, Hasbro, Northrop Grumman, Ryder, Boyd Gaming, Western, Boston Beer Company, York Community Bancorp, Colgate, Palmolive, Newell Brands, Jim Cramer's Charitable, CNBC, NEW, Traders, New York Stock Exchange, Getty Locations: BlackRock, CrowdStrike, U.S, Dover, Freeport, McMoRan, Kimberly, Norfolk, Las, ORLY, VALE, New York City
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Jim, overbought, , Honeywell, Stocks, Jim Cramer's Organizations: CNBC, Nasdaq, Netflix, Nvidia, Broadcom, Devices, Apple, Honeywell, American Express, Procter, Gamble, CVS Locations: China, Dover
"As evidenced by XLV [Health Care Select Sector SPDR Fund], price is back through the 50 day [moving average] on this relief rally," he said. "Not yet overbought, it looks to us like the early innings of a reacceleration back towards the highs. XLV YTD mountain Health Care Select Sector SPDR Fund year to date On top of that rally is the added benefit of dividend payouts on many health care stocks. At least 51% of the Wall Street analysts who cover each stock rates it a buy, according to FactSet data. CI YTD mountain Cigna year to date Cigna beat earnings and revenue estimates in its second quarter when it reported results in August.
Persons: Rob Ginsberg, Abbott, Robert Ford, Dickinson, Cigna, Lina Khan, Merck Organizations: Wolfe Research, SPDR, CNBC Pro, Wall Street, nab, Abbott Laboratories, Company, Cigna's, Federal Trade Commission, CVS Health, UnitedHealth, Merck, Co Locations: . Connecticut
While charts like Carnival Corp. (CCL) have once again become overbought, the strength of the recent breakout suggests they may just be getting started. The longer a resistance level is tested, the more meaningful it becomes when the price finally breaks above this price ceiling. As long as CCL remains above this breakout level, the uptrend phase appears to be in good shape. Note the daily RSI which has pushed above the crucial 70 level on the recent breakout. The recent breakout for cruise lines like Carnival Corp. suggests that the uptrend phase may just be beginning.
Persons: Alan Shaw, Alexander Elder, David Keller Organizations: Carnival Corp, RSI, CMT, CNBC, NBC UNIVERSAL
We did hold onto our rate-sensitive names like Wells Fargo and Morgan Stanley , which were among the best performers since the last Monthly Meeting. Morgan Stanley: 16.2% Following the Fed's decision, shares advanced as investors became more optimistic about a soft landing for the U.S. economy. Morgan Stanley benefits from lower rates — and, in turn, a better economy — because it can usher in more Wall Street dealmaking such as initial public offerings and mergers and acquisitions. That's because the Club has been debating exiting Morgan Stanley altogether for a potentially better investment banking rebound play like Goldman Sachs. Morgan Stanley reiterated its buy-equivalent rating on Oct. 10, arguing that Eaton has a positive setup into earnings season.
Persons: It's, Wells, Morgan Stanley, Morgan, Goldman Sachs, Morgan Stanley's, Salesforce, Marc Benioff, Piper Sandler, Guggenheim, Meta, Eaton, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Dow Jones Industrial, Dow, Procter, Gamble, Meta, Fed, Northland Capital Markets, UBS, Citigroup, Analysts, JPMorgan, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: U.S, Wells Fargo, Salesforce, Eaton, Tuesday's, Northland
Fully 90% expect a "soft landing," or "no landing" at all (i.e. That's not the case here: the Fed is cutting rates going into, at worst, a soft landing, which is very unusual. The S & P 500 was up 2.0% in September and is higher by 0.9% so far in October. Historically, the S & P tends to rise beginning in the last week of October and through November and December. Goldman Sachs noted that, since 1928, the median S & P 500 return from October 15 to December 31 has been 5.17%.
Persons: That's, Alicia Levine, BNY, Goldman Sachs, Goldman, buybacks, Stocks, there's, AAII, BofA Organizations: America, Trump, Bank of America Global Fund, Survey, Fed, buybacks, American Association of Locations: U.S, frothy
The Stock Trader's Almanac issued a seasonal buy signal for equities, saying investors who sold in May can start to come back to the market now as the calendar nears what are historically the best six months of the year. The same is true of the S & P 500 . In the best six months, the S & P 500 gained 3,019 points, while rising 1,133 points in the worst six. "And beginning on the first trading day of April we prepare to exit these seasonal positions as soon as the market falters." The 30-stock Dow Jones Industrial Average rose above the 43,000 milestone on Monday, while the S & P 500 recently crossed the 5,800 level for the first time.
Organizations: Dow Jones, Dow Jones Industrial Locations: Cambodia
Getting ready for the "two problematic stories," Wells Fargo and JPMorgan , which came later in the morning, took some real digging. ET – Wells Fargo shares turned and started inching up. With what you saw in Wells Fargo and JP Morgan on Friday. Think like this: When the psychology of the market changes, people don't want to bang out of Wells Fargo, they want to get in. But there is no doubt that Wells Fargo at 11 times forward earnings now seems a little silly given that the background is so positive.
Persons: Larry Fink, Wells, Wells Fargo, Charlie Scharf, Jamie Dimon, Jeff Marks, JP Morgan, Scharf, It's, Warren Buffett, Morgan Stanley, Eli Lilly, haven't, Jim Cramer's, Jim Cramer, Jim, Squawk, Virginia Sherwood Organizations: BlackRock, JPMorgan, Wall, Club, Wells Fargo, Elon, SpaceX, Federal, New York Stock Exchange, Fed, Bank of America, Boston, Walmart, Costco, Semiconductors, Enterprise, JFrog, Microsoft, , Dow, Jim Cramer's Charitable, CNBC Locations: Wells Fargo, NII, U.S
While "boring" bitcoin has been chopping sideways since March, bitcoin proxy MicroStrategy is trading at its highest level relative to the flagship crypto since 2019. Wolfe Research managing director Rob Ginsberg said he "loves [MicroStrategy's] chances to get out and continue climbing," but that the stock is overbought in the near term. "On a relative basis vs. BTC, the stock is at its highest level since 2019," Ginsberg added. Bitcoin is up 41% for the year, while MicroStrategy has gained 193%. MicroStrategy, which tends to be a high beta play on the cryptocurrency, is expected to follow.
Persons: Rob Ginsberg, MARA, MSTR, Ginsberg, Price, Wolfe, MicroStrategy, bitcoin, — CNBC's Michael Bloom Organizations: Wolfe Research, BTC Locations: pullbacks, MSTR, bitcoin
Of the 175 key ETFs that we track, just one made a new all-time high on Tuesday – the iShares Expanded Tech-Software Sector ETF (IGV) . IGV, thus, was the first major technology ETF to hit new highs after a very turbulent past few months. Before Tuesday, IGV's last all-time high happened way back in November 21 (nearly three years ago), when the ETF hit an intra-day high of $89.76. For some context, while the SPDR Technology ETF (XLK) hit a low on the same day in November 202222, its snapback unfolded much more quickly. XLK hit a new all-time high way back in July 2023 and has kept going.
Persons: IGV's, XLK, IGV, it's, Frank Cappelleri Organizations: Software Sector, Technology, RSI, CNBC, NBC UNIVERSAL
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