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☆ Apple debuts made-in-India iPhone as pressure to diversify manufacturing mounts
▼ + stars: | 2023-09-12 | 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 EmailApple debuts made-in-India iPhone as pressure to diversify manufacturing mountsPlatformer's Casey Newton and Bokeh Capital Partners' Kim Forrest join 'Squawk on the Street' to discuss long term bullishness about Apple's vision pro headset, comparisons between IBM and Apple, and consumer appetite for smart watches.

Persons: Casey Newton, Kim Forrest Organizations: Apple, Bokeh Capital Partners, IBM Locations: India

☆ Nvidia isn't the only game in town. Investors advise against overlooking these other AI beneficiaries
▼ + stars: | 2023-09-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Nvidia can't stop stunning Wall Street and the investing community in 2023, but portfolio managers say don't let the excitement overshadow other potential AI winners. "Theme after theme, transition after transition, the strong usually gets stronger," said Paul Meeks, portfolio manager at Independent Solutions Wealth Management. Some retail and professional investors seemed to interpret the news as a sign that it's "game over" for some of the other AI chipmakers, Forrest said. Forrest, who's on the hunt for growth at a reasonable price, points to companies like Advanced Micro Devices, Micron Technology . On the AI chip theme, Meeks also points to Broadcom , Marvell Technology and Taiwan Semiconductor , a major supplier for Nvidia, as other ways to play the trend.

Persons: Paul Meeks, there's, Kim Forrest, Forrest, who's, Meeks, chipmaker, Capital Management's JoAnne Feeney, Feeney, it's Organizations: Nvidia, Independent Solutions Wealth Management, Intel, Devices, Broadcom, Marvell Technology, Bokeh Capital Partners, Micron Technology, AMD MU, AMD, MU, Taiwan Semiconductor, Capital, Google

☆ Data is key to AI modeling, so investors should buy storage providers: Bokeh Capital's Kim Forrest
▼ + stars: | 2023-08-25 | 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 EmailData is key to AI modeling, so investors should buy storage providers: Bokeh Capital's Kim ForrestKim Forrest, chief investment officer at Bokeh Capital Partners, joins 'The Exchange' to discuss how to trade the market following Powell's Jackson Hole speech, the data element of AI's productivity promise, and the importance of making informed investments in financials.

Persons: Capital's Kim Forrest Kim Forrest, Jackson Organizations: Bokeh Capital Partners Locations: financials

☆ Analysis: While AI takes the spotlight, infrastructure stocks shine
▼ + stars: | 2023-08-04 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. Nvidia (NVDA.O) shares have surged almost 205% year to date, while Meta Platforms (META.O) has surged about 160% as investors anticipate the potential AI may unlock. That spending has led investors to search for stocks that will reap the benefits of the boost in spending in construction and engineering. "You have to look harder at these companies about what their end market really is, even though they're in a sector." Reporting by Chuck Mikolajczak; additional reporting by Lance Tupper, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Kim Forrest, Morgan Stanley, hasn’t, Bryant VanCronkhite, VanCronkhite, Owens Corning, Forrest, Chuck Mikolajczak, Lance Tupper, Louise Heavens Organizations: New York Stock Exchange, REUTERS, Nvidia, Meta, Bokeh Capital Partners, Infrastructure Investment, Jobs, Allspring Global Investments, Reuters, Vulcan, Thomson Locations: New York City, U.S, Pittsburgh, Menomonee Falls , Wisconsin

☆ Watch CNBC's full interview with Bokeh Capital's Kim Forrest and EY-Parthenon's Gregory Daco
▼ + stars: | 2023-07-28 | 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 Bokeh Capital's Kim Forrest and EY-Parthenon's Gregory DacoKim Forrest, chief investment officer at Bokeh Capital Partners, and Gregory Daco, chief economist at EY-Parthenon, join 'The Exchange' to discuss revenue earnings coming in higher than expected, global growth divergence influencing U.S. monetary policy, and more.

Persons: Bokeh Capital's Kim Forrest, Parthenon's Gregory Daco Kim Forrest, Gregory Daco Organizations: Bokeh Capital Partners Locations: EY

☆ The pathway to a soft landing is still very much possible, says EY-Parthenon's Gregory Daco
▼ + stars: | 2023-07-28 | 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 EmailThe pathway to a soft landing is still very much possible, says EY-Parthenon's Gregory DacoKim Forrest, chief investment officer at Bokeh Capital Partners, and Gregory Daco, chief economist at EY-Parthenon, join 'The Exchange' to discuss revenue earnings coming in higher than expected, global growth divergence influencing U.S. monetary policy, and more.

Persons: Parthenon's Gregory Daco Kim Forrest, Gregory Daco Organizations: Bokeh Capital Partners Locations: EY

☆ July jobs report and more Big Tech earnings are in the week ahead after markets notch historic run for Dow
▼ + stars: | 2023-07-28 | by ( Sarah Min | ) www.cnbc.com time to read: +9 min

More Big Tech earnings and the jobs report are in the week ahead as investors wrap up a strong week that included a historic run for the Dow Jones Industrial Average . Jobs report out Friday Investors will digest the latest data from the July jobs report due out next Friday. "I don't expect any huge surprise from this jobs report next week," said Liz Young, head of investment strategy at SoFi. Earnings will continue to pour in next week, with key results from Big Tech companies Apple and Amazon on Thursday. Still, cooling inflation, strong jobs market and a resilient economy could spell a happy path for Wall Street.

Persons: Dow, Queen Victoria, Kim Forrest, Jerome Powell, Forrest, Nonfarm, Dow Jones, Liz Young, Bokeh's Forrest, they're, She'd, we've, SoFi's Young, Young, she'd, Stanley Black, Decker, The Kraft Heinz Organizations: Big Tech, Dow Jones, Dow, Cotton Oil, Bokeh Capital Partners, Meta, Federal Reserve, Pew Research, Apple, Semiconductor, Bank of Japan, Chicago PMI SA, Dallas Fed, Arista Networks, Western, Systems, PMI Manufacturing SA, ISM Manufacturing SA, Merck, Co, Caterpillar, Marriott International, Altria, Cruise Line Holdings, Pfizer, Marathon Petroleum, Molson Coors Beverage, SolarEdge Technologies, Devices, Caesars Entertainment, Electronic Arts, Starbucks, ADP Employment Survey SA, CVS Health, Fidelity National Information Services, Generac Holdings, Humana, The Kraft, Brands, MetLife, Marathon Oil, Occidental Petroleum, PayPal Holdings, Qualcomm, Etsy, Costco Wholesale, MGM Resorts, SA, PMI, Factory, PMI SA, News Corp, Constellation Energy, Moderna, Warner Bros, Discovery, Hasbro, ConocoPhillips, Kellogg, Booking Holdings, Expedia, Motorola Solutions, Monster Beverage, Manufacturing Payrolls SA, Nonfarm Payrolls SA, Dominion Energy Locations: United Kingdom, U.S

☆ The AI-powered rally to start the year could broaden out in the third quarter
▼ + stars: | 2023-06-30 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Stocks markets are wrapping up a surprisingly strong start to the year, but whether it will continue is an open question as investors wade into a seasonally weak period for markets. Even the laggard Dow Jones Industrial Average, with few tech stocks, managed to eke out a 3.6% gain. Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla account for 80% of the gains in the S & P 500, according to UBS. The S & P 500 health sector is down almost 3% this year. Next week marks the start of July and the third quarter of 2023.

Persons: didn't, Jamie Cox, Cox, John Lynch, Harris Financial's Cox, that's, Comerica's Lynch, Kim Forrest, Nonfarm payrolls Organizations: Spring, Federal Reserve, Dow Jones, Harris Financial, Apple, Meta, Microsoft, Nvidia, UBS, Comerica Wealth Management, Nasdaq, Investors, Bokeh Capital Partners, Independence, P Global, PMI, Tuesday U.S

☆ Amazon leads declines in discretionary sector, streaming companies outperform
▼ + stars: | 2023-06-07 | by ( Sinéad Carew | ) www.reuters.com time to read: +2 min

Amazon shares deepened losses after a Wall Street Journal report said the online retailer and video streamer is planning an advertising-supported tier for its Prime Video streaming service and that it is in talks with Warner Bros Discovery and Paramount about including ad-based tiers of their streaming services through Amazon Prime Video Channels. Forrest said the move would suggest that "the Prime service isn't enough" to keep customers. Along with streaming video, Prime subscriptions also include free shipping for eligible products, which helps boost Amazon's online sales. For anyone who has dropped the Prime service, Forrest said they would "buy from somewhere else because nobody wants to pay for shipping and pretty much everybody is offering free shipping now." The S&P's consumer discretionary sector, which includes Amazon, was down 0.9%.

Persons: Chris Licht, Kim Forrest, Forrest, Sinéad Carew, Deepa Babington Organizations: Amazon.com, Warner Bros Discovery, Paramount, Amazon Prime, Warner Bros, CNN, Amazon, Bokeh Capital Partners, Thomson Locations: Pittsburgh

"While it appears to be a hot number on the actual number of people employed, the wage rate is not increasing as fast," said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh. The data brought relief to investors who mostly expect the Fed to pause hiking rates at its policy meeting on June 13-14. But some pointed to the much hotter-than-expected jobs data as a sign the Fed still has not yet tamed inflation. All 11 S&P 500 sectors advanced, with the materials index (.SPLRCM) leading, up 3.4%, and the consumer discretionary sector (.SPLRCD), housing Amazon, close behind, rising 2.2%. The S&P 500 posted 15 new 52-week highs and two new lows; the Nasdaq Composite recorded 74 new highs and 40 new lows.

Persons: Kim Forrest, Phil Orlando, Nobody’s, Michael Landsberg, Herbert Lash, Shreyashi Sanyal, Shristi, Shashwat Chauhan, Nivedita Bhattacharjee, Maju Samuel Organizations: Amazon, Nvidia, Reserve, Labor Department, Bokeh Capital Partners, Fed, Federal Reserve, Federated Hermes, Reuters Graphics Reuters, Dow Jones, Nasdaq, Dow, Verizon Communications Inc, T Inc, Mobile US Inc, Inc, U.S, Verizon, Mobile, Nvidia Corp, Landsberg Bennett, Wealth Management, NYSE, Thomson Locations: Washington, Pittsburgh, New York, Punta Gorda , Florida, Bengaluru

☆ VIEW US payrolls rise more than expected in May
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +5 min

Nonfarm payrolls increased by 339,000 jobs last month, the Labor Department said in its closely watched employment report on Friday. "This low wage inflation number is very good news for those of us who believe the Fed should pause." "The unemployment rate surprisingly moved from 3.4% to 3.7%. "We've seen some earnings warnings, there's a big lag in monetary policy, and we saw the unemployment rate tick up to 3.7%. Makes you wonder, is there going to be a rise in the (labor market) participation rate.

Persons: KIM FORREST, PETER CARDILLO, RILEY, we've, they're, We've, OLIVER PURSCHE, There's Organizations: YORK, Federal Reserve, Labor Department, Treasury, HOGAN, Fed, NEW, Global Finance, Markets, Thomson Locations: PITTSBURGH

☆ Instant View: Morgan Stanley CEO Gorman plans to step down
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, May 19 (Reuters) - Morgan Stanley (MS.N) CEO James Gorman told shareholders Friday that the company will likely appoint its next CEO in the next 12 months. Gorman, 64, said the board has identified three strong candidates to succeed him and that he will become executive chairman once a new CEO is chosen. Shares of Morgan Stanley slipped about 1% to $83.84 in morning trading. PHIL BLANCATO, CHIEF EXECUTIVE OFFICER, LADENBURG THALMANN ASSET MANAGEMENT, NEW YORK:"I would applaud James Gorman here for taking the right time to step down. Building out their wealth management division has been a real boon to the company and they bested Goldman in that practice."

☆ Nvidia, AMD, Micron lead chip sector higher with AI, Japan in focus
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +2 min

May 18 (Reuters) - Shares in Nvdia Corp (NVDA.O), Advanced Micro Devices and Micron Technology (MU.O) on Thursday provided the biggest boosts to the chip sector, which outperformed the broader market as investors looked for ways to invest in artificial intelligence and in Japan. Shares in chip design software company Synopsys (SNPS.O) shares ended up 8.7% after it forecast better-than-expected third-quarter profit estimates, saying increased use of AI and automation boosted its business. Nvidia, which is up 116% so far in 2023, is due to report quarterly results on May 24. Nvidia shares hit highest level since December 2021 while Micron shares touched highest point since June 2022. Trailing behind the chip sector, the S&P 500 technology index (.SPLRCT) was up 2.1% and the S&P 500 growth index (.IGX) rose at a slower 1.0% pace.

☆ Tech hardware values will grow as more companies invest in A.I.: Bokeh Capital's Kim Forrest
▼ + stars: | 2023-05-16 | 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 EmailTech hardware values will grow as more companies invest in A.I. : Bokeh Capital's Kim ForrestKim Forrest, Bokeh Capital Partners CIO, joins 'The Exchange' to discuss bullishness about semiconductors, data centers are positioned to prosper from A.I., and recession concerns challenging tech growth.

"The Tesla bull case has centered around the company's growth goals, which it is failing to meet." Tesla's stock is trading at about 43 times expected earnings, down from astronomical levels above 200 times in 2021, according to Refinitiv data. Tesla on Wednesday doubled down on the price war it started at the end of last year, as Musk said the company would prioritize sales growth ahead of profit. In the first quarter, Tesla posted its lowest quarterly gross profit margin in two years. You're investing in Elon Musk," said Kim Forrest, chief investment officer of Bokeh Capital Partners.

The two-year Treasury yield , most reflective of short-term rate expectations, hit a one-month high and the 10-year yield hit a four-week high as traders scaled back expectations of rate cuts later this year. Earnings from regional banks were mixed, with Citizens Financial Group Inc (CFG.N) falling 3.4% after its first-quarter results missed estimates. Western Alliance Bancorp (WAL.N) rallied 17.3% after the regional bank posted stronger-than-expected earnings and said its deposits had stabilized after the March banking crisis. Declining issues outnumbered advancers by a 3.70-to-1 ratio on the NYSE and a 2.40-to-1 ratio on the Nasdaq. The S&P index recorded 10 new 52-week highs and one new low, while the Nasdaq recorded 17 new highs and 57 new lows.

Netflix Inc (NFLX.O) fell 2.5% after the video-streaming pioneer beat analysts' earnings estimates for the first quarter but offered a downbeat forecast. The two-year Treasury yield , most reflective of short-term rate expectations, hit a one-month high of 4.29% and the 10-year yield hit a four-week high as traders scaled back expectations of rate cuts later this year. Chicago Fed President Austan Goolsbee and New York President John Williams are set to speak later in the day. Earnings from regional banks were mixed, with Citizens Financial Group Inc (CFG.N) falling 2.4% after its first-quarter results missed estimates. Western Alliance Bancorp (WAL.N) rallied 20.4% after the regional bank posted stronger-than-expected earnings and said its deposits had stabilized after the March banking crisis.

Data showed that U.S. Consumer Price Index (CPI) rose 0.4% in February versus 0.5% a month ago. Traders held on to bets of a 25-basis-point rate hike at the Fed's next meeting in March, with odds of a pause in hikes slipping a bit to 17%. The S&P 500 banking index (.SPXBK) rose 3.9% after recording its biggest one-day percentage drop since June 2020 in the previous session. Advancing issues outnumbered decliners by a 7.92-to-1 ratio on the NYSE and by a 4.87-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week highs and no new lows, while the Nasdaq recorded 9 new highs and 36 new lows.

☆ Instant View: U.S. February CPI increase leaves market guessing on Fed
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +9 min

Core CPI without food and energy prices increased 0.5% after rising 0.4% in January. Year over year core CPI gained 5.5% vs 5.6% in January. Economists polled by Reuters had forecast monthly CPI and core CPI up 0.4%. So they're going to have to respond to the banking crisis that's probably just not over yet." If the Fed’s worried about saving face or coming off as wishy washy or worried about losing credibility with the market, they're going to raise by 25 basis points.

☆ Two investors weigh in on the jobs numbers, SVB fallout and Fed rate hikes
▼ + stars: | 2023-03-10 | 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 EmailTwo investors weigh in on the jobs numbers, SVB fallout and Fed rate hikesKPMG’s Diane Swonk and Bokeh Capital’s Kim Forrest, join 'The Exchange' to discuss the Fed and financials, and how investors should position themselves in this economy.

☆ Watch CNBC’s full interview with KPMG’s Diane Swonk and Bokeh Capital’s Kim Forrest
▼ + stars: | 2023-03-10 | 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 KPMG’s Diane Swonk and Bokeh Capital’s Kim ForrestKPMG’s Diane Swonk and Bokeh Capital’s Kim Forrest join 'The Exchange' to discuss the Fed and financials, and how investors should position themselves in this economy.

☆ Earnings Exchange: NVDA, BABA & NTAP
▼ + stars: | 2023-02-22 | 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 EmailEarnings Exchange: NVDA, BABA & NTAPKim Forrest, Bokeh Capital Partners, joins ‘The Exchange’ to discuss three companies that are reporting earnings later today: Nvidia, Alibaba and NetApp.

Musk is likely to "double down" on his communication tactics after the verdict, said Minor Myers, a professor of corporate law at the University of Connecticut. Musk ultimately abandoned his effort to take Tesla private, but told jurors early in the three-week trial that he had believed what he wrote in tweets. "I expect Elon is going to write anything he wants,"Musk himself thanked the jury on Twitter -- which he bought in October for $44 billion. The tweets led to Musk and Tesla paying $40 million to resolve U.S. Securities and Exchange Commission civil charges under a consent agreement that Musk has fought unsuccessfully to lift. Still, many analysts said Musk, who has tweeted more than 22,000 times and has about 128 million Twitter followers, has no reason to slow down now.

☆ Three mega tech earnings on deck: AAPL, AMZN, and GOOGL
▼ + stars: | 2023-02-02 | 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 EmailThree mega tech earnings on deck: AAPL, AMZN, and GOOGLKim forrest, founder and CIO of Bokeh Capital Partners, join 'The Exchange' to discuss earnings season with a focus on Apple, Amazon, and Alphabet.

☆ Watch CNBC's full interview with Bokeh Capital's Kim Forrest
▼ + stars: | 2023-02-02 | 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 Bokeh Capital's Kim ForrestKim Forrest, founder and CIO at Bokeh Capital Partners, joins 'The Exchange' to discuss earnings season with a focus on Apple, Amazon, and Alphabet.

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