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☆ Big Tech used to pay engineers the most. Now, these smaller companies offer tech workers top compensation.
▼ + stars: | 2023-08-03 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Major tech companies are reserving big pay packages for the most experienced engineers in the industry. A few years of fierce competition for all levels of tech talent, particularly engineers, among the biggest tech companies drove some eye-popping compensation packages. The Median compensation for an L4 level engineer at Netflix, which implies two or more years of experience, was $312,000. An L5 at Netflix, an engineer with 5 or more years of experience, earned a median compensation of $550,000. Brex, which offers corporate credit cards and an expense management tool, is paying engineers with five or more years of experience median compensation of $450,000.

Persons: Levels.fyi, That's, Meta, Mark Zuckerberg, Kali Hays Organizations: Facebook, Netflix, Google, Meta, Apple, Microsoft Locations: Levels.fyi, khays

☆ S&P 500 futures are flat ahead of a busy week of earnings, Fed meeting: Live updates
▼ + stars: | 2023-07-23 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

S&P 500 futures were little changed Sunday evening as investors awaited a batch of key earnings reports and a major policy decision from the Federal Reserve. The S&P 500 finished the week up by 0.7% at 4,536.34, while the Nasdaq Composite fell 0.6% in the same period to 14,032.81. The week ahead is also set to be the busiest one of earnings season, with Thursday being the most intense day. About 40% of the Dow and 30% of the S&P 500 will give their financial updates during the week, including Alphabet, Microsoft and Meta. Several big pharma companies are getting ready to report and it's a big week for industrial companies and big oil as well.

Persons: Noah Hamman, Fundstrat's Tom Lee, Jerome Powell, They're, —, Robert Hum, Sarah Min Organizations: Federal Reserve, Dow Jones Industrial, Nasdaq, Dow, Microsoft, Meta, pharma

☆ A dovish Fed pivot next week could see investors move out of FAANG stocks, says Fundstrat's Tom Lee
▼ + stars: | 2023-07-21 | 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 EmailA dovish Fed pivot next week could see investors move out of FAANG stocks, says Fundstrat's Tom LeeTom Lee, Fundstrat co-founder, joins 'Closing Bell Overtime' to talk the day's market action as the Dow extends its win streak for a tenth day.

Persons: Tom Lee Tom Lee, Fundstrat Organizations: Fed, Dow

☆ FAANG is made up of companies I felt controlled their own destiny, says Jim Cramer
▼ + stars: | 2023-07-19 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

FAANG is made up of companies I felt controlled their own destiny, says Jim Cramer'Mad Money' host Jim Cramer revisits the FAANG stocks after coining the term in 2017.

Persons: FAANG, Jim Cramer

☆ It's not just tech. FOMO is in full swing across the stock market, and investors are about to be disappointed.
▼ + stars: | 2023-07-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market has entered full FOMO territory this year, according to JPMorgan's Marko Kolanovic. And investor enthusiasm is not just concentrated in tech stocks, with broad market valuations appearing stretched. "There is complacency being built into stocks with VIX at the lows of its range," Kolanovic said. That's not cheap, as the historical forward P/E of the index is 15.3x, meaning that current valuations represent a 10% premium. "FOMO is in full swing, there is complacency being built into stocks with VIX at the lows of its range," Kolanovic said in a Monday note.

Persons: JPMorgan's Marko Kolanovic, Kolanovic, it's, Marko Kolanovic Organizations: VIX, Service, Federal Reserve, JPMorgan Locations: Wall, Silicon, 17.4x, Japan

☆ The 2023 stock rally is no longer about just AI and Big Tech
▼ + stars: | 2023-07-08 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Big Tech stocks led US stock gains in the first half of 2023, fueled by an explosion of interest in AI. June was the benchmark S&P 500 index's best month since October, with a 6.5% gain that was close on the heels of the FANG+ group of New York Stock Exchange-listed Big Tech companies. "But, there were signs in June that mega-cap AI equities are consolidating, and that the rally is broadening to laggards," he added. "Far from being at risk of collapsing, stocks are actually looking healthier than they did when the AI rally really kicked off." Read more: Forget FAANG and GAMMA, the 'Magnificent 7' tech stocks - including Tesla and Nvidia - now dominate the market

Persons: Minerva, Kathleen Brooks, we're, Brooks, PulteGroup, Big, Mark Haefele Organizations: Big Tech, Service, Apple, Microsoft, Nvidia, New York Stock Exchange, General Electric, Meta, UBS, Swiss, Federal Locations: Wall, Silicon

☆ Forget FAANG and GAMMA, the 'Magnificent 7' tech stocks - including Tesla and Nvidia - now dominate the market
▼ + stars: | 2023-06-29 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Nvidia, Tesla, and five other mega-cap stocks have started 2023 on a tear, accounting for most of the S&P 500's gains. Investors have piled into Big Tech this year thanks to the rise of AI and the expectation that the Federal Reserve will soon start cutting interest rates. That cluster features the GAMMA stocks – Google parent Alphabet, Apple, Meta Platforms, Microsoft, and Amazon – as well as two new names in Nvidia and Tesla. Nvidia has been the biggest success story from the seven Big Tech giants in 2023, surging 181% year-to-date. Read more: Big Tech stocks' massive gains this year have made them even more dominant.

Persons: —, there's, Minerva, Kathleen Brooks, Tesla Organizations: Nvidia, Tesla, Big Tech, Federal Reserve, Service, Nasdaq, Microsoft, Amazon, Ford, GM, Apple

☆ Bets on A.I. and innovation help this tech-focused T. Rowe Price fund outperform the market
▼ + stars: | 2023-06-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Since joining investment management firm in 2000, Allen's worked his way up the corporate ladder, taking the helm as portfolio manager of the T. Rowe Price Science & Technology (PRSCX) fund in 2009. In the wake of the latest artificial intelligence boom that's driven up last year's beaten-up technology stocks, it's skyrocketed nearly 38% in 2023. Longer-term, the fund, with a 0.84% expense ratio, offers 10- and 15-year trailing returns of more than 16% and about 13%, respectively. This year, Allen has benefited from a spectacular run-up in technology stocks, fueled by a mania for all things tied to artificial intelligence. "It's really important to learn over time when things go well and especially when things don't go well," Allen said.

Persons: Ken Allen, Rowe Price, Allen's, Allen, Salesforce, it's, Morningstar, I've Organizations: Colby College, Rowe Price Science & Technology, PRSCX, Apple, Netflix, Nvidia, Devices, Microsoft, Zalando, Amazon, Meta, Accenture, Mastercard, Texas, Texas Instruments Locations: Maine, Baltimore, Salesforce, Zalando, buybacks

☆ FAANG stocks have done a lot of heavy lifting, research firm says
▼ + stars: | 2023-06-15 | 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 EmailFAANG stocks have done a lot of heavy lifting, research firm saysThomas Lee of Fundstrat Global Advisors says FAANG stocks are up by almost 60%, and investors should be risk-on this year.

Persons: Thomas Lee Organizations: Fundstrat Global Advisors

☆ Students and young engineers are fed up with Big Tech
▼ + stars: | 2023-05-22 | by ( Kali Hays | ) www.businessinsider.com time to read: +6 min

Big Tech is losing its appeal for new graduates and young tech workers starting to look elsewhere to launch their careers. Peers and mentors warn them to avoid the trappings of embarking on a Big Tech career. Based on conversations with students and companies, even students from top schools including Stanford and MIT and junior engineers from top tech companies are "feeling the crunch now," Lerner said. Tech students are applying to jobs in other fieldsWhile students and young engineers are still interested in pursuing tech-focused careers, where they want to put in their time is changing. The impact of waning interest in Big Tech among students on major companies remains to be seen.

☆ The stock market has flipped from 'sell the rip' to 'buy the dip,' and that should help push the S&P 500 above a key resistance level
▼ + stars: | 2023-05-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market has exited the "sell the rip" regime in favor of "buying the dip," according to Fundstrat's Tom Lee. That sets the S&P 500 up for a potential breakout above its 4,200 resistance level as investors worry about the debt ceiling. The bullish switch means the S&P 500 has a good chance of breaking above its key resistance level of 4,200 even as investors worry about the upcoming debt ceiling deadline. The return of "buy the dip" adds to Lee's confidence that the S&P 500 will rise above its closely watched resistance level of 4,200. Lee reiterated his S&P 500 year-end price target of 4,750, which represents potential upside of about 14% from current levels.

☆ Better growth comes from 'hard asset sectors', says Cerity's Lebenthal on buying utilities over tech
▼ + stars: | 2023-05-12 | 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 EmailBetter growth comes from 'hard asset sectors', says Cerity's Lebenthal on buying utilities over techJosh Brown, Ritholtz Wealth Management CEO, Anastasia Amoroso, iCapital chief investment strategist, Steve Weiss, Short Hills Capital, and Jim Lebenthal, Cerity Partners chief equity strategist, join 'Halftime Report' to discuss buyback support in tech, when to sell the FAANG stocks, and timing cyclical exposure.

Large-cap technology stocks have surged in 2023 — and FAANG shares could have even more room to grow, according to Fundstrat's co-founder Tom Lee. The managing director said he had anticipated a rebound in FAANG companies after they took a beating in the second half of 2022. However, he added that the growth case for tech shares, including non-FAANG names, is stronger than he had realized. Lee added that the ability of tech companies to grow their profits can only improve. "So actually that their ability to make future profits is higher, and that's why I think their PE could expand.

☆ Meta is building an 'Instagram for your thoughts' that could take on Twitter competitor — and it could be a 'great opportunity'
▼ + stars: | 2023-05-02 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

Meta is building a decentralized text-based social network that will integrate with Instagram. It's no longer a secret that Meta is building out its own decentralized text-based social network. "We're exploring a standalone decentralized social network for sharing text updates," a spokesperson for Meta told Insider in a statement when asked about the prototype. "It's a great opportunity for them to fill that void with Twitter going through such a transition." Meta's decentralized social network could very well face the same fate.

So far in 2023, this index of what are the leading lights of the U.S. economy is up 36% - six times the year-to-date gains of the S&P 500 index (.SPX). Put another way, this year's rise of these 10 mega tech stocks accounts for pretty much all of the S&P 500 gains. "But given how often the S&P 500 has been used as Exhibit A for overall 'resilience', it's important to acknowledge just how idiosyncratic this macro gauge has been." Are tech stocks overpriced? There are certainly plenty of concerns that these mega stocks may be overbought and just too expensive - even though that concern will hardly be a new worry for these stocks.

☆ Meta is working on its own Twitter-like social network. Here's why an 'Instagram for your thoughts' could win as competitors multiply.
▼ + stars: | 2023-04-28 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

Meta is building a decentralized text-based social network that will integrate with Instagram. It's no longer a secret that Meta is building out its own decentralized text-based social network. "We're exploring a standalone decentralized social network for sharing text updates," a spokesperson for Meta told Insider in a statement when asked about the prototype. "It's a better idea than a lot of other things that have come out of Meta recently," Morgan added. Meta's decentralized social network could very well face the same fate.

☆ Technology’s year of efficiency faces it first major test: overcoming declining earnings expectations
▼ + stars: | 2023-04-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Technology's year of efficiency faces its first major test this week as big technology earnings kick into high gear. Across the information technology sector, earnings are expected to decline 15.1% year over year, according to FactSet data. The setup for technology stocks It's hard to pinpoint one specific problem denting earnings expectations this season. Heading into the second quarter, many technology companies already face lowered earnings expectations, with analysts lowering earnings estimates for the information technology sector in the first quarter by 6.5% in aggregate, according to FactSet data. "We plan on being either not in any of these names or hedged or short some of them going into earnings season," Niles said.

☆ CNBC Pro Talks: Meet a fund manager who bet on A.I. before most investors knew what it was
▼ + stars: | 2023-04-19 | by ( ) www.cnbc.com time to read: +2 min

The S&P 500 is up more than 8% this year led by a basket of mega-cap stocks, including chip stock Nvidia , which is up by around 90%. Both stocks are among Polar Capital Technology Trust's top 10 holdings. The fund manager also discussed the impact of a recession on FAANG stocks, which have been the primary drivers of the market rally this year. He joined Polar Capital in 2003. He's the lead manager of the Polar Capital Technology Trust, and fund manager of the Polar Capital Global Technology Fund and the Automation and Artificial Intelligence Fund.

☆ Morgan Stanley's Slimmon names 'attractively priced' stocks to beat the economic uncertainty
▼ + stars: | 2023-04-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Morgan Stanley's Andrew Slimmon expects an economic slowdown in the U.S. will happen later than many have predicted. And I think that's when we will hit a slowdown and I suspect it's coming later than what many people have been predicting," said the senior portfolio manager at Morgan Stanley Investment Management. Here's what investors can buy and avoid in the face of that uncertainty, according to Slimmon. Be wary of 'very large' stocks He said he would be particularly cautious on "very large" stocks right now, referring to FAANG — Facebook (now Meta ), Amazon , Apple , Netflix and Google (now Alphabet ). "It's not a cheap stock, but to me, that's a defensive stock that you want to own in this environment as well."

☆ Hedge fund billionaire Chase Coleman says buy mega-cap tech stocks as the sector is looking more attractive thanks to emerging areas like AI
▼ + stars: | 2023-04-05 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Tiger Global founder Chase Coleman says to buy shares of mega-cap tech companies, per Bloomberg. The sector is attractive again, Coleman says, because of emerging tech like AI. The hedge fund was stung by 2022's tech market rout, reportedly marking down $23 billion from its startup investments. The recommendation to look at opportunities in the tech space comes after Tiger Global was pummeled by the rout in the sector throughout 2022. The Wall Street Journal reported that the hedge fund marked down its venture capital bets by $23 billion last year.

☆ Tech ripped higher to start the year. Here's how the pros are trading the sector in the new quarter
▼ + stars: | 2023-04-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +10 min

After the worst year for tech since 2008 , many investors questioned whether the market could move higher in the new year without the sector's cooperation. Names such as Apple , Microsoft and Amazon gained about 27%, 20% and 23% in the first quarter, respectively, as yields pushed lower. Amid this backdrop, Alphabet shares gained 17.6% in the first quarter as the company launched it's Bard chatbot rival. Not all investors view big tech so optimistically heading into the new quarter. Much of the surge in tech stocks stems from the oversold conditions created during 2022's carnage, positioning many of these stocks for a bounce, Meeks said.

☆ The S&P 500's gains this year are thanks to just 8 stocks, signaling the banking turmoil isn't over yet, Jim Bianco says
▼ + stars: | 2023-03-31 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

The S&P 500's gain this year is thanks to only eight mega-cap stocks, Jim Bianco said. Bianco warned banking turmoil might not be over given the broad weakness in the S&P 500. Eight stocks are keeping the YTD gains in the S&P 500 positive." The S&P 500 has been on a choppy ride this year, rising about 5.9% since the start of January to its highest level in about three weeks. Chipmaker Nvidia is the best performer of 2023 in the S&P 500 index with an 87% gain, thanks to its exposure to the fast-growing artificial intelligence industry.

☆ Gains in tech haven't been limited to the FAANG, says EMJ's Eric Jackson
▼ + stars: | 2023-03-30 | 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 EmailGains in tech haven't been limited to the FAANG, says EMJ's Eric JacksonEric Jackson, EMJ Capital founder, president, and portfolio manager, joins 'Closing Bell' to discuss tech multiples, investment in tech outside of the FAANG names, and the duration of the tech rally.

☆ The banking crisis is doing Fed's work and creating a window for stocks to rally
▼ + stars: | 2023-03-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +19 min

Work from home has in part jacked up food prices, and the increase is about 14% above just last year. The only bank that looks like Silicon Valley Bank is First Republic Bank (FRC) because it, too, has suffered huge deposit withdrawals. Nike (NKE)said China orders were good, so did Club stock Starbucks (SBUX). As counterintuitive as it is, the banking row will give the 4.8% fed funds rate a chance to cool consumer spending. This gives stocks a window to advance until we begin earnings season with what will no doubt be a cautious banking sector.

☆ Bank turmoil is boosting appetite for specific sector ETFs. Here’s why
▼ + stars: | 2023-03-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

It appears specific sector ETFs are gaining popularity as a way to cushion bank-turmoil fallout. According to VettaFi's Todd Rosenbluth, the trend applies to ETFs holding only a few large companies in particular industries. "We're seeing this year that active management and actively managed ETFs in particular have been relatively popular in complement to an existing core strategy." Rosenbluth asserts the narrow focus of big-cap sector ETFs can boost potential gains. Yet, last week on "ETF Edge," Astoria Advisors' John Davi suggested bank upheaval could expose problems lurking in ETFs tied to specific sectors.

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