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☆ AI is booming in the stock market. Is it too late to invest?
▼ + stars: | 2023-06-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

Last Thursday, the S&P 500 entered a bull market — up 20% from its recent lows. But the market’s strength has been mostly driven by a handful of mega-cap tech stocks, Alphabet (GOOGL), Meta (META), Apple (AAPL), Amazon (AMZN), and Nvidia (NVDA). Before the Bell: AI is causing a big market boom right now, but that boom also seems to be concentrated in mega-cap tech stocks. Everything you wanted to know about a bull market but were afraid to askThe US entered a bull market last Thursday, finally. A bear in bull’s clothes: A 20% lift from recent lows is generally accepted as the definition of the start of a bull market.

Persons: ”, Matt Bartolini, Bell, Pets.com, I’m, They’ve, Adam Turnquist, James Demmert, what’s, Jerome Powell’s Organizations: CNN Business, Bell, New York CNN, Bank of America, Apple, Nvidia, Nasdaq, Dow Jones, SPDR, Street Global Advisors, Meta, US, LPL, Big Tech, Main, Research, Investors, Federal Reserve, P Global Market Intelligence, ▸, European Central Bank, ECB Locations: New York, Europe, SPDR Americas, Big, Japan, Taiwan, Hong Kong

☆ How can we possibly be in a bull market now? Two letters: AI
▼ + stars: | 2023-06-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +4 min

That’s a strange place to find a bull market. After a horrible year for Big Tech in 2022, optimism has returned as ChatGPT has made AI the it-thing in Silicon Valley. That brought an end to the bear market that began in January 2022, since a 20% lift from recent lows is generally accepted as the definition of the start of a bull market. However, there is no exact definition — and the current market situation is a bit more nuanced than the typical bull market-bear market binary. The silver liningEntering a bull market lifts investor sentiment, which could propel upward momentum in markets.

Persons: ”, Sameer Samana, ChatGPT, Tesla, Matt Bartolini, It’s, Apple iPhones, Berkshire Hathaway, James Demmert, “, don’t Organizations: New, New York CNN, Wells, Wells Fargo Investment Institute, Big Tech, Investors, Apple, Nvidia, SPDR, Street Global Advisors, Meta, Google, Berkshire, Main, Research, Bank of America Locations: New York, United States, Europe, Wells Fargo, Silicon Valley, SPDR Americas, Meta, “

Companies Equinor ASA FollowBp Plc FollowWINNIPEG, Manitoba, May 31 (Reuters) - Norway's Equinor ASA (EQNR.OL) said on Wednesday that it will postpone its Bay du Nord Canadian offshore oil project for up to three years, due to rising costs. Ottawa backed Bay du Nord saying that it would produce relatively low emissions. "Bay du Nord is an important project for Equinor. "The (Bay du Nord) economics are positive but if you play around with costs and risk more, it's not going to be the best opportunity in their portfolio," he said. Bay du Nord would be so far from shore - 500 kilometers (311 miles) - that it falls in international waters.

Persons: Justin Trudeau's, ”, Trond Bokn, Equinor's, Equinor, Newfoundland & Labrador Premier Andrew Furey, it's, Mark Oberstoetter, Wood Mackenzie, Rod Nickel, Nia Williams, Marguerita Choy Organizations: ASA, Bp, Equinor ASA, Ottawa, Newfoundland & Labrador Premier, BP, Wood, Sierra Club Canada, Columbia, Thomson Locations: WINNIPEG , Manitoba, du Nord Canadian, Bay, Nord, Newfoundland, Norway, Brazil, Winnipeg , Manitoba

☆ Major Wall Street firm sees a breakout in luxury stocks — and lists three reasons why ETFs are a great way to play it
▼ + stars: | 2023-04-29 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

As luxury stocks make waves overseas, State Street Global Advisors believes investors should consider European ETFs if they want to capture the gains from their outperformance. Bartolini lists price momentum as a third driver of the investor shift. His SPDR Euro Stoxx 50 ETF (FEZ) is considered a broad European ETF. While the fund's top holding is LVMH at 7.29%, according to the company's website, Bartolini contends the shift applies beyond luxury stocks and to lower-end consumer stocks. His firm's website lists French cosmetics company L'Oreal — which is up almost 30% this year — as another one of his fund's major holdings.

☆ The fundamental factors fueling the European rally this year
▼ + stars: | 2023-04-26 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +1 min

Favorable climate conditions and a decrease in the cost of natural gas are fueling a European market rally, a stark contrast to energy crisis fears of last year. "Which could arguably be a tail wind for the European consumer to help spend on those luxury goods." European luxury stocks are among the breakout stars in 2023, with Rolls Royce up 58% and Hermes and LVMH jumping 34% and 33%, respectively. Bartolini said that the energy crisis concerns that were once weighing down on sentiment have come and gone, reinvigorating optimism into the European market. "Because there are more things pointing up than there are more things pointing down for the European markets."

☆ Europe is the place to invest so far in 2023. Here's why
▼ + stars: | 2023-04-24 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

U.S. stocks are off to a good start in 2023, with the S & P 500 up 7%, but Europe is just killing it. All the major European ETFs are up 15%-20% for the year and were at new highs last week. From makeup to sneakers to steel to pharmaceuticals and software to cars for the masses, Europe is outperforming. European stocks this year L'Oreal up 38% Adidas up 33% Thyssenkrup up 32% Bayer up 30% SAP up 29% Stellantis up 25% There's are several other reasons Europe is outperforming. That is historically a very low P/E ratio for Europe, in the 4th percentile (low) relative to the STOXX Europe 600 over the last 15 years.

☆ Nayib Bukele war on gangs: El Salvador has arrested 2% of its adult population. Other countries are taking note
▼ + stars: | 2022-12-15 | by ( Tara John | ) edition.cnn.com time to read: +11 min

CNN —Eight months since El Salvador’s President Nayib Bukele announced a war on gangs, an estimated 2% of the country’s adult population – or roughly 100,000 people – are now behind bars. In 2015, El Salvador surpassed Honduras as the most violent country in the world, with a murder rate of more than 100 per 100,000 inhabitants. El Salvador's President Nayib Bukele speaks to around 14,000 soldiers in El Salvador. Alleged gang members at a maximum security prison in Izalco, El Salvador, on September 4, 2020. “It is not that they are interested in El Salvador (they never were), their fear is that we will succeed, because other governments will want to imitate it.

☆ Assessing China: What political unrest means for ETF investors
▼ + stars: | 2022-11-30 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +4 min

Global markets pulled back earlier this week after protests across China erupted over the country's zero-Covid policy. And with the SPDR S&P China ETF (GXC) down 30% this year, there's a growing debate on whether China makes a good investment now given the political risks. "Where value stocks are international stocks right now, value stocks are Chinese equities. On the flip side, China shares the U.S., like KraneShares CSI China Internet ETF (KWEB) and iShares MSCI China ETF (MCHI) , have started to move higher and Monday and continued to log gains. Adding context to the notion that China has underperformed, Ahern said that only 2% of the MSCI China Index was composed of tech decade ago.

☆ The G-20 summit kicks off Tuesday. Here's what to expect.
▼ + stars: | 2022-11-14 | by ( Jihye Lee | ) www.cnbc.com time to read: +5 min

Indonesian Finance Minister Sri Mulyani (C front) attends the G20 Finance Ministers Meeting in Nusa Dua, on Indonesia's resort island of Bali, on July 16, 2022. Nineteen countries and one economic region, the European Union, will attend this year's two-day G-20 meeting. This year's in-person attendee list has been in the spotlight as Russian President Vladimir Putin continues his unprovoked war in Ukraine. U.S. President Joe Biden is also scheduled to hold a bilateral meeting with his Chinese counterpart Xi Jinping ahead of the G-20. He highlighted China's stance on the war in Ukraine as one of many signs of eroding relations between the U.S. and China.

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