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Search resuls for: "upswings"


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Not surprisingly, the news has given a jolt to the most liquid Chinese ETF today, as well. The iShares China Large Cap ETF (FXI) has been trading even higher than that so far on Tuesday. The ETF was trading considerably higher in pre-market trading hours and opened a whopping 6% higher from the prior day's close. And that's exactly why we need to look beyond the last few months to a get true sense of its trend. And at that point, the ETF would be hitting its highest level since early 2022.
Persons: it's, FXI, that's Organizations: Shanghai Stock, RSI, CNBC, NBC UNIVERSAL Locations: China
We are buying 70 shares of DuPont at roughly $78.14 and 85 shares of Wells Fargo at roughly $52.12. We're going back to the well and topping off our positions in Dupont and Wells Fargo. We're buying more Wells Fargo because it's way too early to write off the U.S. economy after one bad job report. 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.
Persons: Jim Cramer's, We're, Wells, DuPont's, There's, Jim Cramer, Jim Organizations: DuPont, DD, WFC, Ford, Wynn Resorts, Jim Cramer's Charitable, CNBC Locations: Wells Fargo, redeploy, Dupont, Wells, U.S
Anything above 4% indicates the market is overbought, anything below a minus 5% means the market is oversold.) I am just prematurely predicting other investors fleeing the stock because they think Warren knows more than them. Many investors thought that Amazon was the best set up of the Mag Seven going into earnings. We are right smack in a most perilous moment because the Fed doesn't want to move too fast but the stock market does and the Fed does not care about that. I don't think a presidential election is all that conducive to the market.
Persons: Warren Buffett's Berkshire Hathaway, Apple, Warren, That's, Buffett, Tim Cook, Cook, Carl Icahn, I'd, Donald Trump, don't, Jerome Powell, Meta, It's, Pat Gelsinger, Andy Grove, Gelsinger, Craig Barrett, that's, Pat, Let's, Mark Zuckerberg, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Dow, of America, Apple, Microsoft, Bank of America, Amazon Web Services, Investors, Comcast, Walgreens, CVS, Federal, whimpers, Amazon, Nvidia, Meta, Intel, Lenovo, Dell, HP, CNBC, Jim Cramer's Charitable, Traders, New York Stock Exchange Locations: Friday's, China, , Wells, U.S, humorless, Taiwan, Brookfield, Arizona, NBCUniversal
New York CNN —Inflation rates in Canada, the EU and Australia have popped higher in recent months. But that disconnect appears to be fading as inflation rates in the US continue to ease. The US also had a recent scare as inflation rates ticked higher. But after a year of the Fed holding interest rates steady at a 23-year high, inflation rates in the United States are once again declining. High inflation readings around the globe are concerning investors, José Torres, senior economist at Interactive Brokers, told CNN.
Persons: , Brent Schutte, Schutte, José Torres, Torres, payrolls, Chewy, Keith Gill, Krystal Hur, Gill, Ryan Cohen, Jordan Valinsky, CSSE Organizations: CNN Business, Bell, New York CNN, EU, Federal, Federal Reserve, Bank of Canada, Northwestern Mutual Wealth Management, Interactive Brokers, CNN, Investors, Bank for International, BIS, Securities, Exchange, GameStop, Soul Entertainment, BBC, Sony Pictures, Walmart, Walgreens, Apollo Global Management, Sony, Netflix Locations: New York, Canada, Australia, United States, Europe, Redbox
As pro athletes deal with the ramifications of betting on games, a growing number of people are also grappling with mental health issues associated with sports betting. Gambling addiction hotlines across the country have reported a huge surge in traffic in recent years. Texts and chats to the National Problem Gambling Helpline have increased around 800% since 2018 while call volume grew nearly 80%. The annual national social cost of problem gambling — including job loss and gambling-related criminal justice — amounts to around $14 billion, according to the National Council on Problem Gambling. In January, Sen. Richard Blumenthal and Rep. Andrea Salinas introduced the Gambling Addiction Recovery, Investment, and Treatment Act, which would use federal funding to treat and study problem gambling.
Persons: Tucupita, Jontay Porter, Robert Manfred, , There’s, LeBron James, , Charlie Baker —, National Collegiate Athletic Association —, Sen, Richard Blumenthal, Andrea Salinas Organizations: CNN, Major League Baseball, San Diego Padres, National Basketball Association, Toronto Raptors, MLB, US, State helplines, of Ohio, National Council, Sports, American Gaming Association, Leagues, NBA, ESPN, National Collegiate Athletic Association, Investment Locations: New Jersey, Nevada, Washington, DC, Massachusetts, Las Vegas
You can't argue with a market making new record highs, though it's fair game to interrogate the tape about its assumptions and intentions. With the Dow Jones Industrial Average closing above 40,000 for the first time Friday and the S & P 500 settling above 5,300 after hitting a fresh all-time high Wednesday, the advice of history suggests not overthinking it. Keith Lerner, strategist at Truist, marks up a long-term S & P 500 chart to show times when it was at an all-time high. Brian Belski, strategist at BMO, last week lifted his year-end S & P 500 target to a Street-high 5,600 . And, quite remarkably, the stock market low of October 2022 occurred at an S & P 500 forward P/E above 15, with unemployment below 4% and in mid-economic expansion.
Persons: Stocks, Keith Lerner, Ned Davis, Brian Belski, Leuthold, Doug Ramsey Organizations: Treasury, Dow Jones, Dow, Ned Davis Research, Investment, Bank, Federal, BMO, Citi U.S, Vegas, Fed, Leuthold Locations: U.S
Securities and Exchange Commission Chair Gary Gensler on Tuesday refused to comment on speculation of whether Trump Media is a funding organ for Donald Trump's presidential campaign. "What's important is that their disclosures are accurate and that folks aren't in the market front-running or trading on insider information." As the majority shareholder, Trump stands to gain the largest financial boost from DJT upswings. On Friday, Trump's stake added 36 million more shares to his existing 78.8 million, due to a clause in the company's contract that unlocks bonus shares as the stock hits certain checkpoints. Given that bump, Trump's stake had a paper value of over $5 billion at Tuesday's market open.
Persons: Gary Gensler, Donald Trump's, I'm, Gensler, Trump, upswings, Trump's Organizations: Securities, Exchange, Trump Media, Nasdaq, Trump
With bitcoin finally breaking below that support level at $60k this week, we see much further downside potential before the long-term uptrend resumes. You may also notice the breakdown below an ascending 50-day moving average during the second week in April. Going into May, bitcoin is making lower lows and lower highs, and now sits below a downward-sloping 50-day moving average. BTC.CM= 1Y mountain Bitcoin, 1-year Where could we expect potential support if the downtrend continues? The 200-day moving average is right around there, and big round numbers like $50k and $60k have often served as important thresholds for the cryptocurrency.
Persons: Bitcoin, bitcoin, It's, David Keller Organizations: RSI, CMT
The bitcoin sell-off could get worse before it gets better, according to analysts who look only at price charts. The downtrend intensified on Wednesday when it tumbled under the $60,000 level for the first time since February, as stubborn inflation and uncertainty around Federal Reserve interest rate policy kept markets under pressure. That was a key support level for bitcoin, representing the approximate convergence of the March low and 100-day moving average, according to Ari Wald, an analyst at Oppenheimer. Wolfe Research's Rob Ginsberg said $60,000 bitcoin looks "vulnerable" and that $50,000 could be in play. Bitcoin traded between $60,000 and $74,000 since mid-March, when the cryptocurrency reached new records and has failed multiple times to break out.
Persons: Ari Wald, Oppenheimer, It's, bitcoin, David Keller, Wald, Keller, Geoff Kendrick, Wolfe, Rob Ginsberg, Bitcoin, , Michael Bloom, Rob Ginsberg's Organizations: CNBC Locations: U.S
There have been some sizeable swings in the stock market lately, both day-to-day and even during single trading sessions. But then around noon ET, the S & P 500 topped out and reversed lower. "Put simply: The S & P Oscillator is our most trusted indicator of how to act during big upswings or huge downdrafts in the market. You don't want to be sitting at your computer, staring at your screen when the major stock market benchmarks are getting knocked all around the place. And, if the flipside is true in an over-bought market, having the courage to trim when emotionally you're thinking let that baby run.
Persons: Jim Cramer, Friday's, , Jim Cramer's, Jim, Michael M Organizations: Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: Israel, Iran, New York City
Is the Boom-and-Bust Business Cycle Dead?
  + stars: | 2024-04-11 | by ( Talmon Joseph Smith | ) www.nytimes.com   time to read: 1 min
For much of modern history, even the richest nations have been subject to big perennial upswings and crashes in commercial activity almost as fixed as the four seasons. Hiring and investment crest and fall into a contraction as consumer confidence wanes and spending craters. Sales fall, bankruptcies and unemployment rise. But a brigade of academic economists and prominent voices on Wall Street are asking if the unruly business cycle they learned in school, and witnessed in practice, has fundamentally morphed into a tamer beast. Rick Rieder, who manages about $3 trillion in assets at the investment firm BlackRock, is one of them.
Persons: Rick Rieder Locations: BlackRock
Alaska Air shares just getting started Alaska Air Group has recently broken above a key resistance level and could represent a compelling option for investors searching for stocks earlier on in their uptrends. Alaska remained below that retracement level as well as a declining 200-day moving average until this week. Now we're seeing ALK power above $42 with an initial upside target at the 61.8% retracement level around $47. The momentum characteristics are consistent with bullish phases, with Alaska becoming overbought this week after a quick rise. While overbought conditions could indicate a short-term pullback in the coming weeks, we're inclined to assume this uptrend could be just getting started.
Persons: we've, — David Keller Organizations: Nasdaq, US Global Jets ETF, JETS, Alaska Air Group, Alaska Air, CMT Locations: Alaska
The annual Best Countries rankings from U.S. News may inspire hopeful chants of "USA!" The Best Countries survey gathered perceptions about 87 nations across 73 descriptive attributes, and Americans did view the U.S. as No. For instance, the world viewed the U.S. as No. A lower self-image was observed in several dozen other attributes as well, with the U.S. falling in rank when assessed by its residents compared with the full set of global respondents. Agreement elsewhere was more polarized, however, including on statements that assessed whether some of the most powerful countries are threats to the world.
Persons: Organizations: U.S ., United States, U.S Locations: United, U.S, United States, United Kingdom, New Zealand, Switzerland, Myanmar, Ukraine, Bahrain, Jordan, Russia, China
Minneapolis CNN —Americans’ attitudes toward the US economy appear to be growing more tepid. The University of Michigan’s closely watched consumer sentiment index measured 69.5 in August, down slightly from July. “Consumers perceive that the rapid improvements in the economy from the past three months have moderated, particularly with inflation, and they are tentative about the outlook ahead,” Joanne Hsu, director of the university’s Surveys of Consumers, said in a statement. Inflation expectations for the year ahead ticked down to 3.3% from 3.4% in July, showing “remarkable stability” but still trending higher than pre-pandemic expectations, which ranged in the 2.3% to 3% range. Inflation expectations are crucial data points for the Federal Reserve.
Persons: ” Joanne Hsu, Hsu, ” Hsu, Organizations: Minneapolis CNN, University of Michigan’s, Consumers, Federal Reserve Locations: Minneapolis, Michigan
Meta Platforms made headlines last week with the launch of Threads , a text-based social media app challenging Twitter and pitting two heavyweight technology leaders against one another. "It's a land grab right now, right now, it's PR," said Paul Meeks, portfolio manager at Independent Solutions Wealth Management. Evercore ISI's Mark Mahaney wrote in a recent note that Threads "poses very little downside" risk to Meta's business, offering "upside optionality" for revenues and profits. Headwinds to Twitter Morfe broadly, Threads may rattle the social media industry and, over the long haul, snatch up some competitor's cherished advertisers. To be sure, Elevation Partners co-founder Roger McNamee said Meta and Threads face a long, uphill climb.
Persons: Mark Zuckerberg, Meta, Meta hasn't, Adam Mosseri, it's, Paul Meeks, Meeks, Evercore, Mark Mahaney, Gene Munster, Mark Douglas, MNTN, CNBC's, Matthew Prince, Musk's, Alex Spiro, Roger McNamee Organizations: European Union, Twitter, PR, Independent Solutions Wealth Management, Meta, Facebook, Elon, Partners
"When you have an up-16% first half of the year, these types of strategies are going to underperform." Arthur explained call writing strategies do typically benefit from a down or flat market but struggle to perform in a rebounding environment. The built-in income-generating options strategies of the JPMorgan Equity Premium Income ETF (JEPI) helped fuel the fund's popularity in 2022. It remains the largest actively managed ETF on the market with nearly $28 billion in assets, but the rebound in growth this year has left the product lagging the broader market. "So, you're not going to keep up with the market with these types of strategies."
Persons: Kim Arthur, Bob Pisani, Arthur, Mike Akins, Pisani, Akins Organizations: Main Management, JPMorgan Locations: CNBC's
Macroeconomic outlooks between bond and equity markets continue to diverge, JPMorgan said. If the bond market is right about inflationary risk, stocks would face 20% potential downside. But if the fixed-income market's inflationary outlooks prove right, stocks would face 20% potential downside. "If equity markets were to price in a rise in inflation vol to levels consistent with bond markets appear to price, this would imply around 20% downside from current levels," analysts said. But, in the case that bond markets are able to look past inflationary risk, JPMorgan expects that yields of 10-year Treasurys would drop by around 70 basis points.
Persons: , Ed Yardeni Organizations: JPMorgan, Service, Federal
Collectively, the five companies have raised their market cap by about $2.9 trillion in 2023 — contributing 96% of the almost $3 trillion gains in the S&P 500's market value this year, Fortune reported on Wednesday. Read further to know the five bigwigs' market capitalization — or marcap — gains this year, in descending order:1. Apple: $718 billion in marcap gainsThe world's largest company by market cap, Apple shares ended 2022 at $129.93 apiece. On Tuesday, the chipmaker's market cap briefly hit the coveted $1 trillion mark for the first time. This takes Amazon's market cap to $1.25 trillion — up from $857 billion at the end of 2022.
Persons: Fortune, Insider's Zahra Tayeb, Mohamed El, Read, Tim Cook, Cook, CNBC's Steve Kovach, Bing, Jensen Huang, Huang, Sundar Pichai, Pichai, Andy Jassy Organizations: Apple, Microsoft, Nvidia, Nasdaq, Allianz, Big Tech, CNBC, Wall, OpenAI, Bloomberg, Amazon Locations: California, Nvidia's
However, I'm a bit confused about when to buy if the S & P 500 Short Range Oscillator shows the market is overbought. In an overbought market, we begin looking for areas to raise cash because sellers are likely to enter the market in the near term in order to book profits. Or, at the very least, an overbought market means the risk-reward profile has deteriorated and we may be in for a period of consolidation. Every time we mention the Oscillator — Jim's most trusted guide for what to do during big upswings or downdrafts in the stock market — we're flooded with requests from Club members: "How can we access the Oscillator?" As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
ETF strategies for long-term outperformance
  + stars: | 2023-03-29 | by ( Kevin Schmidt | ) www.cnbc.com   time to read: +2 min
As fears of recession and bank failures fuel investor anxiety, one strategist says the best prospect for outperformance this year is staying long-term invested with a steadfast asset allocation plan. Tierney, director and senior investment portfolio strategist at Schwab Asset Management, told Bob Pisani on CNBC's "ETF Edge" on Monday. Tierney explained that of the 29 Schwab ETFs, 22 of them are seeing new inflows. "Staying long term invested with a good asset allocation plan generally gives the best prospects for long term outperformance. Nate Geraci, president of The ETF Store, echoed Tierney's sentiment on avoiding getting caught up in near-term market turmoil.
In the latest example, the failure of Silicon Valley Bank rattled investors and sent stocks lower on Friday. By midday Monday, the markets had moved upwards, though certain bank stocks were still hurting. "This is going to be a great year, and it's definitely going to be rocky," Francis told CNBC.com in February. Likewise, grim market results in December were followed by some of the best upswings in decades in January. This is going to be a great year, and it's definitely going to be rocky.
CNBC's Jim Cramer on Tuesday said that in order to steer through today's economic volatility, investors need to pay attention to three central things that are artificially driving the market crazy. He pointed to health stocks that went up earlier Tuesday and then suddenly, for no visible reason, shot down. Instead of judging these companies based on their current health, Cramer said their stocks plunged "purely because they've been down. "I find this kind of action repugnant because it has nothing to do with what's really happening at individual companies," said Cramer. To make the market make sense, Cramer said we need the following:Fund managers who "know what they are doing."
CNBC's Jim Cramer on Tuesday gave a six-item checklist for what must happen before he will be ready to declare an end to the market sell-off. As the market swings the other way, in what Cramer called a "Presidents Day sale," he said the downturn might not be just a one-day affair. In order for the sell-off to end, according to Cramer, six things need to happen:The accelerated rise in Treasury yields must slow down. Anomaly stocks that are trading disproportionately high, many of which are in the tech sector, need to come down. "Unfortunately, this Presidents Day sale doesn't feel like it's over.
Defined outcome and buffer ETFs proved their worth in 2022's bear market, but a murky market outlook for 2022 could make using the funds a bit more complicated for investors. Buffer ETFs — offered by several firms, including First Trust, Innovator, and Allianz — were a winning strategy for investors in 2022. And they've done exactly what we said they were going to do," said Trevor Terrell, head of distribution at Innovator ETFs. And if the rally continues past the cap, the funds could be in for a terrible year. The success of the buffer funds last year could lead to different types of defined outcome strategies coming to market soon.
Neal Berger's hedge fund returned 163% in 2022 betting on the end of the easy money era, according to a Bloomberg report. Berger said more pain is still to come for global markets and everything will continue to decline. "The reason why I started the fund was that central bank flows were going to change 180 degrees. Per the report, Eagle's View has about $700 million in assets under management, and roughly $200 million in the Contrarian Macro Fund. In particular, his Contrarian Macro Fund is mostly betting against Europen and American assets, though it also has hedges that will pay returns in upswings.
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