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☆ Cryptocurrency investors eagerly awaiting SEC ruling on bitcoin ETFs
▼ + stars: | 2024-01-05 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

Crypto investors are eagerly awaiting an imminent ruling from the U.S. Securities and Exchange Commission that will likely approve the trading of a spot bitcoin exchange-traded fund, more than a decade after initial attempts were rejected. 13 companies have filed for a spot bitcoin ETF:Grayscale Bitcoin TrustArk/21Shares Bitcoin TrustBitwise Bitcoin ETF TrustBlackRock Bitcoin ETF TrustVanEck Bitcoin TrustWisdomTree Bitcoin TrustValkyrie Bitcoin FundInvesco Galaxy Bitcoin ETFFidelity Wise Origin Bitcoin TrustGlobal X Bitcoin TrustHashdex Bitcoin ETFFranklin Templeton Digital Holdings TrustPando Asset Spot Bitcoin TrustHow the SEC will proceedThere are two components to the applications:1) A 19b-4 filing, which is a form used by exchanges to inform the SEC of a proposed rule change. In this case, each company filing for the spot bitcoin ETF has differences in the way the product might be structured. Invesco's Galaxy Bitcoin ETF has set its expense ratio at 59 basis points, which are waived for the initial six months and the first $5 billion in assets. Grayscale Bitcoin Trust currently charges 2% but has said it's committed to lowering the fee once its application to convert to a bitcoin ETF is approved.

Persons: Fidelity's, it's, Gary Gensler's, Gensler, Bitcoin, Coinbase, Binance, Changpeng Zhao, Zhao, Wood Organizations: U.S . Securities, Exchange Commission, BlackRock, Fidelity, Bitcoin, Franklin Templeton Digital Holdings Trust, SEC, Securities, NYSE, Nasdaq, Galaxy, U.S ., Appeals, U.S . Department of Justice, Binance

☆ Friday's S&P 500 and Nasdaq-100 rebalance may reflect concerns over concentration risk
▼ + stars: | 2023-12-14 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

Five companies (Apple , Microsoft , Amazon , Nvidia and Alphabet ) make up about 25% of the S&P 500. Standard & Poor's estimates that nearly $13 trillion is directly or indirectly indexed to the S&P 500. The three largest ETFs (SPDR S&P 500 ETF Trust , iShares Core S&P 500 ETF , and Vanguard S&P 500 ETF ) are all directly indexed to the S&P 500 and collectively have nearly $1.2 trillion in assets under management. S&P 500: Apple and others will be for sale. In addition, three companies are being added to the S&P 500: Uber , Jabil , and Builders FirstSource .

Persons: It's, JD.com, Phil Mackintosh, Robert Jankiewicz Organizations: Nasdaq, Apple, Microsoft, Nvidia, Broadcom, Trust, Vanguard, Comcast, Exxon Mobil, Visa, Marathon Petroleum, P Global, Builders, Alaska Air, SolarEdge Technologies, CDW Corporation, Cola Europacific Partners, Roper Technologies, eBay, EBAY, Enphase Energy, Video Communications, Pfizer, Seagen, Technology, CNBC

☆ The holiday trade in Amazon stock may already be over, history shows
▼ + stars: | 2023-11-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Investors looking to cash in on the holiday trade may have missed the boat on Amazon , according to Bank of America. While Amazon tends to outperform retail stocks on Cyber Monday, history shows that the e-commerce giant typically lags the market between the popular online shopping day and Christmas, the bank's trading desk noted. Since 2016, Amazon's lagged the market during this period every single year, underperforming the SPDR S & P 500 ETF Trust (SPY) by the widest margin — 6% — in 2022, data shows. Year to date, the stock's rallied more than 75%. AMZN YTD mountain Amazon's year-to-date performance This Cyber Monday, Amazon outperformed the SPDR S & P Retail ETF by 1.3%.

Persons: Amazon's, — CNBC's Michael Bloom Organizations: Bank of America, Trust, Amazon, P

☆ How to make your money work for you over the next decade
▼ + stars: | 2023-11-28 | by ( James Faris | William Edwards | ) www.businessinsider.com time to read: +16 min

"If there is a regime shift, then what has worked could be quite different from what does work," McLennan said. That means the growth stocks that dominated for years may come back to earth in the mid-2020s. He also recommends that investors diversify away from growth stocks that thrived under low rates and instead broaden out to value-oriented names. Valuations explain 80% of a stock's returns over a decade, according to Bank of America. Smead sees energy in stocks in Canada also outperforming in the coming decade, as well as European banks.

Persons: —, Peter Bates, Rowe Price, Damanick Dantes, We're, Dantes, you've, He's, Matt McLennan, McLennan, Kimball Brooker, Morningstar, Nicola Stafford, Stafford, it's, Molina, Bates, Russell, Cole Smead, that's, Phillip Colmar, Colmar, Bob Doll, Doll, Smead, Michael Sheldon, Sheldon, who's, there's, Chris Chen, Chen, Roth Organizations: Service, Business, Global, International, McLennan, First Eagle Global Fund, Eagle Investments, Goldman, Asset Management, Stock, Molina Healthcare, Vanguard Value, Healthcare, Bank of America, Comerica Wealth Management, MRB Partners, Canadian, Crossmark Global Investments, BlackRock, Energy, P Bank ETF, RDM Financial, Social Security, Social, Insight Financial, Trust, IRA Locations: Canada, Colmar, United States, Canadian, Europe, Treasuries

☆ This exchange is expanding its short-term options portfolio as 'zero-day' bets boom
▼ + stars: | 2023-11-27 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

While options contracts historically expire on Fridays, the most popular stock indexes now have contracts that expire on every day of the week. This creates the ability for "zero-day to expiration," or "0DTE," options trading. The new funds come as trading in options that are about to expire has expanded dramatically as a share of the options market in recent years. The rise of short-term options trading has created split opinions on Wall Street. "In my mind, 0DTE has always been a risk day, but we've now spread that risk out across an entire month.

Persons: Michael M, IWM, Marko Kolanovic, 0DTE, you've, Randy Frederick Organizations: Nasdaq, Getty, Trust, Securities, Exchange Commission, Federal Reserve, Schwab Center, Financial Research, CNBC Locations: New York City, Cboe

☆ Growing geopolitical conflicts have some investors feeling guilty about buying defense stocks
▼ + stars: | 2023-11-12 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

He went on to list the names and performances of defense-focused funds including the iShares U.S. Aerospace & Defense ETF (ITA) and the SPDR S&P Aerospace & Defense ETF (XAR) . As the latest geopolitical conflict escalates, these investors are ignoring defense stocks despite the market axiom that those holdings tend to perform better in times of war. Indeed, the iShares U.S. Aerospace & Defense ETF popped more than 4% in the week following Hamas' Oct. 7 attack and went on to finish October up about 3.7%. Ignoring market wisdomRetail traders poured into defense stocks and funds in the aftermath of the invasion, but inflows have since cooled, according to Vanda Research. But not everyone sees the intensifying conflict as a moment to invest in defense stocks.

Persons: Kenneth Suna, Suna, Vanda, Sow, Andrew Behar, it's, Behar, Hannah Beier, Jason Aiken Organizations: Raytheon, U.S . Aerospace & Defense ETF, P Aerospace & Defense ETF, D.C, CNBC, U.S . Aerospace & Defense, Vanda Research . Defense, Trust, Scranton Army, Plant, Getty, General, Funds Locations: Israel, U.S, Washington, Scranton, Scranton , Pennsylvania, Russia, Ukraine

☆ Investors spurn options hedges as U.S. stock rally crushes fear
▼ + stars: | 2023-11-08 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 8 (Reuters) - Fear has plunged in the U.S. equity market following last week's explosive rally, and some options mavens are urging clients to stock up on portfolio protection while it's cheap. Meanwhile, the Cboe Volatility Index (.VIX), known as Wall Street's fear gauge, has tumbled to its lowest level in seven weeks. They recommended taking advantage of the drop in volatility to deploy stock replacement trades, which involve swapping long stock positions for cheap call options that would reap gains if the market continued to rally. Investors' equity positioning fell to a five-month low before last week's rally, Deutsche Bank data showed. With investors less exposed to stocks, "they don't necessarily need to be rushing to get hedges now," Murphy said.

Persons: Matthew Tym, Cantor Fitzgerald, Cantor's Tym, Chris Murphy, Murphy, Saqib Iqbal Ahmed, Ira Iosebashvili, Andrea Ricci Organizations: Federal, Reuters Graphics, Barclays, Treasury, Susquehanna Financial Group, Deutsche Bank, Thomson Locations: U.S, Santa

☆ A bearish bet on the S&P 500 for investors that don't believe in this comeback
▼ + stars: | 2023-11-07 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

However, last week's mind-boggling rally following the Federal Reserve's decision to forgo another rate hike caught many investors by surprise. The trade structure I am going to use here is called a “bear put spread” also known as a “put debit spread”. All I need is for SPY to drop by $1 by expiration date for this trade to double my money. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: ” Organizations: Bulls, Federal, Trust

☆ ‘Big Short’ Michael Burry takes a victory lap after calling the tech-led market correction
▼ + stars: | 2023-10-27 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Michael Burry, best known for calling 2008's subprime mortgage crisis, just added a new notch in his belt by predicting the latest market correction led by tech stocks. The California-based investor, who now runs his hedge fund Scion Asset Management, had amassed massive bets against the stock market in the second quarter. These 20,000 options contracts were against shares worth $738.8 million at the end of the second quarter. These two indices fell into correction territory this week , making Burry's bets lucrative in theory. Also in the second quarter, Burry bought small stakes in travel names Expedia and MGM Resorts , as well as health care plays Cigna and CVS Health .

Persons: Michael Burry, SPDR, Burry, Michael Lewis, it's, Burry's Organizations: Asset Management, Scion, Nasdaq, Meta, CNBC, Federal Reserve, MGM Resorts, CVS Health Locations: California

☆ The S&P 500 just hit a key level. That could trigger a big shift in this $2 billion ETF
▼ + stars: | 2023-10-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

On Friday, the S & P 500 closed below its 200-day moving average for the first time since March 17. If the total-return version of the index closes below that level for five straight days, then the $2 billion Pacer Trendpilot US Large Cap ETF (PTLC) will automatically sell some of its all-stock portfolio to shift to a 50-50 split between equities and Treasury bills. And if the 200-day moving average itself then starts to fall, the fund will go to 100% T-bills. Still, the fund's rule tied to the 200-day moving average is an example of how the move of a stock or index across a widely-followed indicator can cause volatility. Year to date, the fund is up just under 5% — well below the gain of more than 11% for the SPDR S & P 500 ETF Trust (SPY) .

Persons: rebalance, Sean O'Hara, O'Hara Organizations: Trust, ETF Distributors, Pacer, Nasdaq Locations: technologystocks

☆ Traders buying calls for a quick pop in this medical device name rather than owning shares outright
▼ + stars: | 2023-10-19 | by ( Michael Khouw | ) www.cnbc.com time to read: +7 min

Despite a slight decline in the S & P 500 since Thursday's close, the financial sector is essentially unchanged as I write this. Risk premiums, as implied by options prices on Financial Select SPDR (XLF) vs. SPDR S & P 500 ETF Trust (SPY) , have also narrowed. Put prices on the S & P 500 are slightly higher and put prices in financials are slightly lower. The most active contract, the October $285 calls, traded 445 contracts (44,500 shares worth) at an average price of $6.26/contract. DISCLOSURES: (Owns ISRG calls) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Persons: Let's, Banks, financials, SPDR, we've, Wednesday's outperformance Organizations: Bank of America, Bank of, Trust, JPMorgan Locations: financials

☆ A low-cost way to protect against an S&P 500 drawdown as risks escalate
▼ + stars: | 2023-10-16 | by ( Michael Khouw | ) www.cnbc.com time to read: +8 min

The Cboe Volatility Index , commonly referred to simply as "the VIX", is an index derived from 30-day S & P 500 index options prices. Put simply, the VIX represents the options market's expectations for S & P 500 volatility over the next 30 days. Sometimes referred to as a "fear index", Friday's VIX Index closing level of 19.32 is only slightly below the 6-month high of 20.09 seen on May 4th. Financials significantly outperformed, finishing Friday up 0.2% while the S & P overall fell by 0.5%. Options traders and strategists are often asked, "Is there a way to use options to hedge my portfolio?".

Persons: Gerald Ford, Dwight Eisenhower, Ike, Ray Dalio, Wells, Financials, doesn't Organizations: Investors, Federal, University of Michigan, West Bank, IDF, Bridgewater Associates, JPMorgan, Citigroup, Trader, Trust Locations: Ukraine, Gaza, Israel, Saudi Arabia, Lebanon, Iran, Europe, Wells Fargo

☆ If you sold in May, it's time to start buying again, says the Stock Trader's Almanac
▼ + stars: | 2023-10-12 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

A Monday evening note from Almanac editor Jeffrey Hirsch said that the stock market appears to be in the early stages of an end-of-year rally. SPY YTD mountain The S & P 500 is up since May, but did suffer a late-summer swoon. The buy signal could help offset the multiple negatives working against the stock market, including bond yield volatility and the conflict in the Middle East. The Almanac's portfolio changes show an expectation of a broad market rally. The moves include buying the SPDR Dow Jones Industrial Average ETF Trust (DIA) , SPDR S & P 500 ETF Trust (SPY) , and the Invesco QQQ Trust (QQQ) as well as the iShares Russell 2000 ETF (IWM) .

Persons: Jeffrey Hirsch, SPDR, Russell Organizations: Dow Jones, ETF Trust, Trust, P Biotech, Consumer, Vanguard, Index

☆ Traders dumped a record $40 billion of stock futures in past week, Goldman says
▼ + stars: | 2023-10-03 | by ( Scott Schnipper | ) www.cnbc.com time to read: +1 min

Bearish views on the stock market culminated in the sale of an estimated record of $40 billion of S & P 500 stock index futures over the past five sessions, but that selling pressure is about to ease, according to a note from the Goldman Sachs trading desk. Hedge funds that use a managed futures strategy (Commodity Trading Advisors, or CTAs) recently unwound positions in S & P 500 futures at the greatest speed and magnitude "on record," Goldman said. With most of those positions now squared away, however, Goldman claims "we are closer to the end of this sell pressure than not." Goldman said lower risk, lowest cost trades are available in one-month call options on the SPDR Dow Jones Industrial Average ETF Trust , Health Care Select Sector SPDR Fund , Consumer Staples Select Sector SPDR Fund and SPDR S & P 500 ETF Trust . Greater returns might come from stocks that Goldman added to its "conviction list" Monday, such as Nvidia , Cintas and Quanterix Corp. (Goldman removed Salesforce and Johnson Controls from the "conviction list" this week.)

Persons: Goldman Sachs, Goldman, Salesforce, Michael Bloom Organizations: Trading Advisors, Dow Jones, ETF Trust, Health, Fund, Consumer, Trust, Nvidia, Quanterix Corp, Johnson

☆ Regular investors are shedding mega-cap tech in this sell-off — especially one name
▼ + stars: | 2023-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Analyst Peng Cheng found the electric vehicle maker suffered the highest outflows of all individual stocks from retail investors in the past week. That's part of a bigger trend among individual investors of gradually selling mega-cap technology names, the analyst added. In the past week, retail investors pulled a net $411 million freom Tesla. Fellow mega-cap tech stocks Amazon and Meta Platforms were also among the most sold by individual investors last week. That means it would eclipse even the SPDR S & P 500 ETF Trust (SPY) , which tracks the S & P 500.

Persons: Tesla, Peng Cheng, TSLA, Cheng, they're, Vanda, — CNBC's Michael Bloom Organizations: JPMorgan, Nasdaq, Vanda Research, Trust, Wall

☆ Buy these 5 high-upside stocks now before they pop, according to a 15-year investing veteran — including one that could soar over 50% by Halloween
▼ + stars: | 2023-09-27 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Like other technical analysts, Salama sees wisdom in mirroring the crowd, but trend-following indicators can also provide crucial contrarian buy or sell signals. Stocks have downward momentum, and the SPY just fell through the 434 level, which Salama said was key technical support. The value of the SPY is roughly one-tenth that of the S&P 500, so that corresponds to a break below 4,344 for the index. The SPY, a popular ETF mirroring the S&P 500, is oversold, according to the RSI (in blue). 5 high-upside stocks to buy nowAfter outlining his market outlook, Salama shared five stocks he's bullish on right now and gave a price target for each.

Persons: John Salama, he's, Salama, it's, they've, he'd, David Keller, Salama doesn't Organizations: Maverick, RSI, Trust, Wall Street, Bloomberg

☆ A portfolio manager explains why the first quarter of 2024 is the perfect storm for a stock-market pullback — and shares the 3 funds he's buying to take advantage of this year's bull rally
▼ + stars: | 2023-09-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Goldman Sachs expects rates to hold steady again as inflation trends down and the labor market remains strong. But Raymond Bridges, the portfolio manager of the Bridges Capital ETF, an actively managed equity long-only fund, believes the overall macro outlook is still bearish. But regional banks continue to access this program every week, Bridges said. But just because he's bearish on the macro outlook doesn't mean he's not going to take advantage of short-term opportunities. His ETF, launched on May 11, is a mix of US equity-index ETFs, large-cap stocks, and cash or cash equivalents.

Persons: Goldman Sachs, Raymond Bridges, Bridges, Joseph Abate, Jerome Powell, he's bearish, Russell Organizations: Fed, Bridges Capital ETF, Barclays, Reuters, Regional Banking, Trust, BPI

☆ This individual investor favorite has endured even as other meme stocks fell from favor
▼ + stars: | 2023-09-17 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Retail traders have made the leap from so-called meme stocks , including GameStop and AMC , over the past few years. All the while, Tesla inflows from retail traders have mostly climbed in the past half decade, according to data analyzed by Vanda Research. "It's a growth stock, but it's really a hopes-and-dreams stock," said Irwin, who covers Tesla and other clean technology stocks. Tesla's climb also comes amid a broader buy in from retail investors in their favorites. "This is probably a golden era for Tesla," Irwin said.

Persons: Tesla, —, Roth, Craig Irwin, Irwin, it's, Elon Musk, Ford, hasn't, Dan Levy, Toyota's Organizations: GameStop, AMC, Vanda Research, Trust, General Motors, Barclays, Toyota Locations: Wall, U.S, China, Europe

As a result, investing in equal-weighted ETFs that provide a more diversified approach and offer exposure to old economy-linked sectors such as energy and manufacturing are coming back in favor as investors look to broaden their exposure beyond Big Tech. Laura Cooper of BlackRock said the company's "highest conviction call" in the United States is the S&P 500 equal-weight. The $42-billion Invesco S&P 500 equal-weighted ETF , which mirrors the performance of the S&P 500 equal-weight index (.SPXEW), saw inflows of $8.80 billion from the beginning of June through Aug. 25, according to Refinitiv Lipper data. In comparison, the much larger $402-billion SPDR S&P 500 ETF Trust , which tracks moves in the market cap weighted S&P 500 (.SPX), bled $10.88 billion during the same period. Invesco S&P 500 equal-weighted ETF drew $4.85 billion inflows in June, the most since the fund was launched in 2003, followed by $3.53 billion in July, the second highest on record.

Persons: Brendan McDermid, Laura Cooper, BlackRock, Cooper, Dan Boardman, Jake Dollarhide, BlackRock's Cooper, Sruthi Shankar, Medha Singh, Sweta Singh, Shounak Organizations: New York Stock Exchange, REUTERS, U.S . Federal, Big Tech, iShares EMEA, BlackRock, Trust, BRI Wealth Management, Apple, Microsoft, Nvidia, Google, Facebook, Meta, Nasdaq, Longbow Asset Management Company, Thomson Locations: New York City, U.S, United States, Weston, Bengaluru

☆ A spot bitcoin ETF is much closer to reality, but investors aren't quite there yet
▼ + stars: | 2023-08-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The court simply said that the SEC has erred in approving one ETF (bitcoin futures) and not approving another (spot bitcoin). 1) Approve all or some of the nine applications for a spot bitcoin ETF as soon as possible. Applicants for a spot bitcoin ETFGrayscale Bitcoin TrustArk/21 Shares Bitcoin TrustBitwise Bitcoin ETF TrustBlackRock Bitcoin ETF TrustVanEck Bitcoin TrustWisdomTree Bitcoin TrustValkyrie Bitcoin FundInvesco Galaxy Bitcoin ETFFidelity Wise Origin Bitcoin Trust2) Delay as long as the law allows. Even assuming a spot bitcoin ETF is coming, it doesn't mean Grayscale can necessarily jump the line. Note: Matt Hougan Chief Investment, Officer for Bitwise Asset Management, one of the applicants for a spot bitcoin ETF, will appear on ETF Edge on Halftime Report Wednesday.

Persons: Gary Gensler, Who's, Matt, Craig Salm, Grayscale's, Jeremy I, VedderPrice Organizations: Appeals, Federal Circuit, Washington , D.C, SEC, U.S, BlackRock, Fidelity, Bitcoin, Federal Register, Investment, Bitwise Asset Management, Edge Locations: Washington ,

☆ Investors are pulling money out of stock ETFs for the first time in over a year
▼ + stars: | 2023-08-22 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Investors are voting with their cash in August and shifting money away from funds that focus on stocks, according to Strategas. The S & P 500 has slumped 4% in August, as the stock market appears to be caught in a late-summer doldrum and interest rates have spiked. Money market funds took in +$40 Bn last week, plus ultra-short duration bond ETFs saw over $1 Bn inflows on Thursday, a threshold usually reserved for uneasy environments," Sohn said in a note to clients Tuesday. Money market funds have been particularly popular this year, as high interest rates have made them attractive places for consumers and investors to park their short-term cash. Money market assets have increased $749 billion over the past six months, according to Strategas, which includes the period of the regional bank crisis earlier this year.

Persons: Todd Sohn, Sohn Organizations: Trust Locations: outflows

☆ Has climate change made utilities a risky bet? What income investors need to know
▼ + stars: | 2023-08-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

The wildfires in Maui are just the latest example of severe weather and the peril facing utilities. However, investors can pick up about 4% yield on stocks that have dividends that are considered safe, which makes them attractive to investors seeking income. Climate change's impact Climate change is altering not only the Earth's temperature, but also precipitation patterns, said Zachary Zobel, risk associate director at Woodwell Climate Research Center. Climate change could impact utilities in other areas, like sustaining damage during hurricanes and floods. "You don't have to just rely on just one sector to get dividend income," said Cheng.

Persons: hasn't, Michael Lonegan, Neil Kalton, Kalton, Zachary Zobel, Zobel, Berkshire Hathaway, PacificCorp, Wells Fargo's Kalton, it's, Marguerita Cheng, Cheng, — CNBC's Michael Bloom Organizations: Hawaiian Electric, Maui Electric, Electric, NBC News, Evercore ISI, Wall Street, Wells, Wells Fargo Securities, FEMA, Woodwell Climate Research Center, Gas & Electric, Blue, Global, CNBC, & $ Locations: Maui, Lahaina, Wells Fargo, California, Berkshire

☆ This stock buyback ETF is beating the S&P 500 this summer. Here's how it works
▼ + stars: | 2023-08-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The Invesco BuyBack Achievers ETF (PKW) has risen 10.7% over the past three months, accounting for more than 100% of its gains for the year. The SPDR S & P 500 ETF Trust (SPY), by comparison, is up 7.6% over the past three months. PKW 3M mountain The Invesco BuyBack Achievers ETF is outperforming the S & P 500 over the past three months. Over the past decade, the Invesco fund has an average annual total return of 10.8%. That is below the returns for the broad S & P 500 but better than that of the iShares S & P 500 Value ETF (IVE) and SPDR Portfolio S & P 500 Value ETF (SPYV) .

Persons: Nick Kalivas, Kalivas, Morgan Stanley Organizations: Trust, Nasdaq, Comcast, ConocoPhillips, Pacer U.S, Cash, CNBC Locations: U.S

☆ Warren Buffett and Michael Burry are ready and waiting for a stock-market crash, 'Rich Dad Poor Dad' author says
▼ + stars: | 2023-08-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett and Michael Burry are waiting for stocks to crash, Robert Kiyosaki says. The "Rich Dad Poor Dad" author pointed to Buffett stockpiling cash and Burry shorting the market. "I just watch these guys waiting for the market to crash then go back in," the "Rich Dad Poor Dad" author continued. As for Burry, he's warned of a historic bubble and predicted the "mother of all crashes." Like Buffett, he's a value investor who specializes in spotting underpriced businesses, and seeks to capitalize on sell-offs.

Persons: Warren Buffett, Michael Burry, Robert Kiyosaki, Dad, Burry, Buffett, Kiyosaki, Berkshire Hathaway, bearish, Buffett hasn't, Goldman Sachs, he's, it's Organizations: Buffett, Service, Berkshire, Scion, Management, Nasdaq, Electric Locations: Wall, Silicon, Coast

☆ David Einhorn is worried about the market, sees stickier inflation than expected
▼ + stars: | 2023-08-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Greenlight Capital's David Einhorn said he's getting concerned about the stock market after a strong rally and has added sizable downside protection to his portfolio. Between January and June, the S & P 500 popped 15.9% for its best first half since 2019. Einhorn, 54, believes inflation remains a big risk even though data has suggested easing price pressures. Recent inflation readings have shown a noted deceleration and the tailwind from higher rents is likely to dissipate, causing core inflation to fall further," Einhorn said. "Even so, we believe inflation is stickier and more entrenched than the market is currently appraising."

Persons: Greenlight Capital's David Einhorn, he's, Einhorn, Michael Burry Organizations: CNBC, Green Brick Partners, Nasdaq, Trust, NET

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