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☆ The S&P 500 needs a broader base of support if its upswing is going to last
▼ + stars: | 2023-04-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The S & P 500, thanks to the outperformance of a small group of technology stocks, enters the second quarter on an upswing. The message is clear: for the moment, the majority of the market returns are being generated by large-cap tech stocks. Back in early February, 75% of the S & P 500 stocks were above their 200-day moving average. Bulls, of course, are hopeful that the banking crisis will be the ultimate blessing in disguise, forcing the Fed to finally slow its rate-hiking campaign, now that it has finally broke something and created a regional banking crisis. "A bullish breakaway hasn't materialized, and the S & P 500 is back in its base," Ari Wald, senior analyst at Oppenheimer, noted over the weekend.

☆ Morning Bid: Q1 was hard to get a handle on, and a choppy Q2 beckons
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +2 min

Pulling in one direction is a bank collapse that set interest rate expectations diving. After a month of wild swings for bonds and interest rate futures, rate expectations are settling around a peak in the Fed funds rate near 5% and then steady downhill from there. Euro zone inflation data later in the day can reinforce that, if it echoes stronger-than-expected German figures published on Thursday. Nerves on banks and lower U.S. Treasury yields have delivered investors into the arms of profitable, big cap technology companies. Q1 world marketsKey developments that could influence markets on Friday:Economics: Euro zone inflation, U.S. core PCEReporting by Tom Westbrook; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

☆ Bank fears will likely lead to even more market volatility in the week ahead
▼ + stars: | 2023-03-24 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

Market turbulence could reign supreme once again in the week ahead, as investors worry about the potential for more trouble rippling through the banking system. The broader market was initially under pressure Friday as investors became jittery about Deutsche Bank . "The market is saying: 'You, the Fed, do not appreciate the slowdown that is going to hit us,'" Chandler said. "The market is going to do a lot better and it held onto its gains despite all the things that rocked the market. He added that market concern about banks has risen, and there is concern credit tightening will hurt the economy.

☆ Tech shares were the hot play this week but investors should beware the Fed
▼ + stars: | 2023-03-17 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

Big cap tech drew in investors in droves this past week, as the market struggled against volatile interest rates and fears of banking sector contagion. The futures market Thursday was pricing in strong odds of a quarter-point rate hike from the Federal Reserve next week. The big cap tech names are benefiting from a flight-to-quality within the sector, since those stocks have strong cash flow and reliable earnings. The 2-year Treasury yield , for instance, rose above 5% last week but this past week it was well below 4%. Tech and growth names have reacted poorly when rates rise, since investors tend to pay a premium for the promise of future earnings growth.

☆ Bank troubles roil markets and make Fed's decision next week more fraught
▼ + stars: | 2023-03-17 | by ( Patti Domm | In | ) www.cnbc.com time to read: +7 min

Even with Friday's sell-off, the S & P 500 and Nasdaq scored gains for the week. The S & P 500 rose 1.4%, compared to a tiny loss of 0.2% in the Dow . "If the U.S. economy is going into a recession, they're going to be buying less cloud service. On Friday, durable goods for February is reported, and there are releases of flash S & P Global PMI data for services and manufacturing. Durable goods 9:30 a.m. St. Louis Fed President James Bullard 9:45 a.m. S & P Global Manufacturing PMI 9:45 a.m. S & P Global Services PMI

☆ Earnings and Fed Chair Powell will again drive markets in the week ahead
▼ + stars: | 2023-02-03 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

With few economic releases and the earnings season starting to wind down, an appearance by Federal Reserve Chairman Jerome Powell Tuesday could be among the newsiest events for markets in the week ahead. The Fed chair is speaking at the Economic Club of Washington D.C. at midday Tuesday. If he wanted to walk back anything, he could have done it then," said Art Hogan, chief market strategist at B. Riley. Economists said Friday's surprisingly strong jobs report should encourage the Fed to push forward with planned rate hikes. Earnings, earnings, earnings But there continues to be earnings news.

☆ As stocks surge, some chart signals have been looking better despite lingering risks
▼ + stars: | 2023-02-02 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

Fed Chairman Jerome Powell triggered a surge in stocks when he spoke Wednesday , taking the S & P 500 into a new range. Redler expects a near term peak for the S & P 500 could be around 4,200-4,220. The S & P 500 and Nasdaq were both higher Thursday, as the 10-year Treasury yield continued its slide to a low of 3.35%. He's watching the growing number of three-month highs in the Russell 1000 and S & P 600 , which are now outpacing the new highs in the S & P 500. The VIX is based on puts and calls in the S & P 500.

☆ Watch CNBC's full interview with Steve Sosnick on how to play semiconductor stocks
▼ + stars: | 2023-01-30 | 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 CNBC's full interview with Steve Sosnick on how to play semiconductor stocksSteve Sosnick, Interactive Brokers chief strategist joins 'TechCheck' to discuss his thoughts on how to play the chip sector and which big cap tech stocks to invest in.

☆ Trader Talk: Earnings are mostly about hopes for the second half
▼ + stars: | 2023-01-13 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Earnings: It's all about the second half of 2023. Wall Street analysts agree, but they are expecting a much rosier outcome in the second half of the year. "The big question is, are the worst of the earnings estimate cuts for 2023 behind us?," Nick Raich from Earnings Scout told me. Big cap tech earnings: laggards (Q4 year over year earnings ests.) Analysts embrace 'tough first half, better second half' scenario All the hopes for earnings growth are now pinned on the back half of the year, when the Fed is expected to have halted its rate hike frenzy.

☆ International stock trade could be in the first inning as investors seek alternatives to U.S. tech
▼ + stars: | 2023-01-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

"FANG" and other big cap tech have faded as favorite trades, but i nvesting in foreign stocks as a way to generate better returns is just beginning. The outperformance in foreign markets has not gone unnoticed by U.S. investors, bruised by the 19.4% decline in the S & P 500 last year. Also, investors in foreign stocks will benefit if their local currencies gain against the dollar. Investors are now monitoring foreign markets much more and focusing on what's happening in currency pairs, like dollar/yen. "I think a lot of investors will play Europe stocks right out of the gate," he said.

☆ Investor Stephen Weiss makes a tactical trade on improving inflation data
▼ + stars: | 2023-01-09 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Stephen Weiss bought shares of Microsoft , which could be a tactical trade for investors after sentiment around growth stocks improved on some better inflation data. Part of my portfolio's long term, but I'm also, you know, I can trade," Weiss said Monday on CNBC's "Halftime Report." So that's why I bought Microsoft. Despite the steep drop, Microsoft outperformed other mega-cap tech stocks investors found more risky, such as Amazon, which plunged more than 49%, and Alphabet, which dropped about 39%. SoFi's Liz Young said she agreed with Microsoft as a trade for short-term investors, though she warned investors against suddenly turning bullish on mega-cap tech stocks.

ChatGPT — an artificial intelligence-powered chatbot — is having a viral moment, offering a high-profile glimpse at the maturing technology's capabilities. Like other GPT models, ChatGPT can generate text in a variety of styles and formats, including responses to questions, descriptions, and even entire conversations. The growth of Azure is central to our long-term investment thesis in Microsoft, and artificial intelligence is playing an increasingly prominent role in cloud computing. Additionally, Club holding Alphabet is no stranger to artificial intelligence — and, more specifically, machine learning. While all three models — ChatGPT, Sparrow and LaMDA — have their differences, they share a foundational network architecture known as Transformer.

☆ A year out from Nasdaq's peak, it's been brutal for tech stocks and the pain's not over
▼ + stars: | 2022-11-18 | by ( Patti Domm | In | ) www.cnbc.com time to read: +5 min

"Leadership has shifted away from the tech sector and FANMAG. Two major challenges for tech names Clissold said the tech sector is facing two major challenges. Stockton said the peak in the Nasdaq last November was also the peak of its outperformance versus the S & P 500. The tech sector outperformed the S & P 500, but it was the materials sector that led the index higher, up about 19%. However, the S & P 500 has been up just 20%.

☆ Hope against hope. Traders are again talking up the prospect of a 'soft landing'
▼ + stars: | 2022-11-10 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

October consumer price index (CPI) month over month rose 0.4% versus the 0.6% that economists expected; ex-food and energy up 0.3% vs 0.5% expected. The headline year-over-year rate of 7.7% (lower than 7.9% expected) is now trending down four consecutive months. Finally, some signs inflation may be moderating, while jobs remain strong, even though we are hearing reports of accelerating layoffs in the tech sector. "You're seeing windows, floor covering decline, all related to housing. You're seeing the housing spillover starting to hit housing-related purchases, everything from appliances, furniture, floor coverings, window coverings."

☆ It's early days, but November is fast becoming a cruel month for stocks
▼ + stars: | 2022-11-04 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

The S & P 500 has been down every day this week, falling 4.6%. The underperformance of the big cap tech stocks is the main reason the equal-weighted S & P 500 (RSP) is only down 3.1% this week, versus the 4.6% decline in the S & P 500, which is weighted by market capitalization. Bulls can take some comfort in the fact that the bulk of the blame for the weakness in the S & P 500 this week has been a re-rating of the 2023 earnings growth for technology stocks, especially the biggest names. The Technology Select Sector SPDR Fund that tracks the S & P 500 Tech Index is lower by 8.3% this week, the steepest sector decline in the S & P 500. Other sectors are either up this week (energy) or down a lot less, 1%-2% (utilities, industrials, health care, materials).

☆ A CEO and activist investor who moved into micro caps after two decades picking stocks at BlackRock and Merrill Lynch told us his process for finding companies that can double their worth in 3 years
▼ + stars: | 2022-11-04 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

Kevin Rendino led big value funds for Merrill Lynch and BlackRock, but changed course. He's now an activist micro cap investor and CEO of turnaround firm 180 Degree Capital. Rendino spent 24 years at Merrill Lynch and then BlackRock, as an analyst and then as a portfolio manager. At different stages, he managed a large cap value fund for six years and oversaw an equity value team that ran 11 funds that held a combined $13 billion. The firm specializes in investing in micro cap companies and helping them turn their businesses around.

☆ Is Exxon the new 'FANG'? The value rotation is starting to look more real
▼ + stars: | 2022-10-28 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Value buyers have been waiting for a sustainable rally for so long, many have moved on to other quests. "Exxon is the new FANG," has been a quip on trading desks for the past few weeks. As the year has gone on, the direction of earnings growth has decelerated for big-cap tech — in some cases dramatically. "2022's pandemic era earnings growth rates are proving to be unsustainable, so markets are revising their estimate of fair value for these stocks," he said. True, all are seeing earnings growth, just not as fast as expected a couple years ago.

☆ The stock market is proving it may not have to rely on Big Tech as much to drive a comeback
▼ + stars: | 2022-10-27 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

Strategists have been watching to see if the stock market lows hit on Oct. 13 will be the low for the current cycle, or whether it is just a low in a bear market. He said financials and airlines also helped drive the market higher. The Technology Select Sector SPDR Fund ETF , which represents the S & P information technology sector, is up 5.8% in October. The Communications Services Select Sector SPDR is up 4.8% for the month. In contrast, the Energy Select Sector SPDR Fund is up 23% in October, and the Industrial Select Sector SPDR Fund is up more than 10%.

☆ ‘Halftime Report’ investment committee weighs in on Microsoft's slow growth and earnings expectations
▼ + stars: | 2022-10-25 | 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 Email‘Halftime Report’ investment committee weighs in on Microsoft's slow growth and earnings expectationsCNBC’s ‘Halftime Report’ investment committee, Stephanie Link, Josh Brown and Jim Lebenthal, discuss Microsoft and big cap tech earnings and outlook.

☆ Lower estimates reveal a lot of bad news is already priced in to the biggest tech names
▼ + stars: | 2022-10-24 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

S & P 500 earnings: lower but still positive Q3: +3.1% ex-Energy: - 3.5% Q4: +4.4% Source: Refinitiv 2. Most companies are continuing to beat estimates by a comfortable margin, though at slightly lower rate than we have seen in the past four quarters. Q3 earnings so far (20% reporting) Beat: 74.7% Last 4 quarters: 78.1% Average beat: 5.4% Last 4 quarters avg beat: 7% Source: Refinitiv 3. Earnings estimates for the growth sectors of Technology and Communication Services have already been cut and are in negative territory. Big cap tech earnings Q3 earnings trends (decline in estimates since 6/30) Microsoft: - 8% Apple: - 2% Alphabet: - 10% Meta: - 30% Amazon: - 40% The bottom line: a lot of bad news is already priced into some of the largest tech stocks.

☆ 3 takeaways from our daily meeting: New market leaders, banks report, Club stocks next week
▼ + stars: | 2022-10-14 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Healthcare and banks The Club's bank stocks JNJ, PG, DHR report next week 1. 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.

☆ The S&P 500 could retest its bear market low as Fed meeting looms, according to chart analysts
▼ + stars: | 2022-09-19 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

With the Federal Reserve meeting this week, stocks could be volatile, and technical analysts say the S & P 500 looks increasingly set for a retest — and possible break — of its June low. In the past week, t he S & P 500 declined 4.8%, closing at 3,873, in its worst weekly performance since June. Wald now says a dip to 3,500 on the S & P 500 is possible. Jonathan Krinsky, chief market technician at BTIG, said the 3,900 level was important and the area on the S & P 500 where the most volume traded over the last three years. The Oppenheimer technical analyst notes that the S & P 500 has typically bottomed around Oct. 9, before launching into a strong rally into year-end, based on the average composite of the last eight mid-term election years.

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