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There's an old Wall Street adage that urges investors to "sell in May and go away" — but CFRA Research says there's an even smarter way to play the market this spring. According to the Stock Trader's Almanac , the worst six months of the year for the S & P 500 starts in May and runs through October. The strategist says traders can look toward defensive names during the May slump, instead of entirely exiting the market. Indeed, since 1990, while the entire S & P 500 gained 6.7% annually, average price gains from equal exposure to these four sectors returned 9.0%. The stock almanac's editor, Jeff Hirsch, said that reducing long exposure and adopting a defensive stance will pay off for investors during the low period.

☆ The Janes 1960s underground abortion network
▼ + stars: | 2023-04-23 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +28 min

The group was officially created in 1969 as the “Abortion Counseling Service of Women’s Liberation.”But after running ads in an underground newspaper: “Pregnant? “It wasn’t just abortion,” Barron explained. “Vacuum aspiration was much easier to do, and I think it’s less difficult for the woman,” Scott said. We had to keep the service running.”Laura Kaplan volunteered for the Janes, later immortalizing the group in her book, "The Story of Jane: The Legendary Underground Feminist Abortion Service." Each Jane was charged with 11 counts of abortion and conspiracy to commit abortion, with a possible sentence of up to 110 years in prison.

☆ What to watch for in the markets in the week ahead: Monster tech earnings, then sell in May?
▼ + stars: | 2023-04-21 | by ( Scott Schnipper | ) www.cnbc.com time to read: +6 min

More than one third (35%) of the S & P 500 reports earnings next week — including megacaps Microsoft, Alphabet, Meta Platforms and Amazon — versus less than 12% in the week just ended and only 2% last week. So far this quarter, S & P 500 earnings are running 4.7% below the same period a year ago, Refinitiv data shows. Back then, the S & P 500 fell 19.4% from its April high to a low on October 3. Meanwhile, next week is the last full trading week before Wall Street's old adage to "sell in May and go away" takes hold. ET: FHFA Home Price index (February); S & P Case-Shiller home price indexes (February) 10:00 a.m.

☆ CNBC Daily Open: Earnings look weak despite beating expectations
▼ + stars: | 2023-04-20 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In other words, investors think stock prices will rise over the next 30 days. First, even though companies have been reporting better-than-expected results, that trend could have low base expectations to thank: Analysts think S&P 500 earnings will fall 5.2% in the first quarter. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Earnings are starting to look weak
▼ + stars: | 2023-04-20 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In other words, investors think stock prices will rise over the next 30 days. As CNBC Pro's Scott Schnipper wrote, "Expectations about the immediate earnings outlook have been down for so long, the actual numbers themselves could look like up to investors." Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ This country is the darling of the markets, Bank of America says. How to play it
▼ + stars: | 2023-04-19 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

One country is coming up again and again as the clear investor favorite this year, and there are ways for traders to play it, according to Bank of America. The Wall Street firm said Mexico is "the market's darling," with the Indice de Precios y Cotizaciones (IPC) climbing 12% this year. "On top of that, Mexico is perceived as a country that will continue to benefit from nearshoring," he said. Regardless, for investors tapping into the surge in markets, there are several ways to play the rise. For example, the iShares MSCI Mexico ETF (EWW) is up by 20% this year, far outpacing the roughly 4% climb for the broader iShares MSCI Emerging Markets ETF (EEM) over the same time period.

☆ Balyasny built these 4 cloud-based tools that are critical in the $19.5 billion hedge fund's push into new trading strategies
▼ + stars: | 2023-04-19 | by ( Bianca Chan | ) www.businessinsider.com time to read: +2 min

Balyasny Asset Management is a multi-strategy hedge fund that has used the cloud since 2017. The firm's chief information officer and chief data officer detail 4 tools it built on the cloud. Balyasny Asset Management is deploying an arsenal of secret weapons that the $19.5 billion hedge fund has been building on the public cloud. The firm's data, applications, and investment teams all operate on cloud-based technologies, added Grimaldi, who is a former managing director at both JPMorgan and Goldman Sachs. In turn, the firm's tech and data teams have doubled in size since 2021 to more than 450 people.

☆ Factbox: 2024 US presidential election: who's in, who's out and who's still thinking about it
▼ + stars: | 2023-04-19 | by ( Ross Colvin | ) www.reuters.com time to read: +7 min

Here is a list of major declared candidates and other potential 2024 hopefuls in both the Democratic and Republican parties. Political analysts say there is little benefit to him jumping into the race too soon, with the election still 19 months away. In the meantime, he can continue to look presidential, although he still has poor approval ratings in opinion surveys. The former Kansas congressman was one of Trump's most loyal lieutenants and initially backed his false claims of a stolen presidential election in 2020. Several of his key staff, though, have recently joined the DeSantis camp, however, suggesting that Youngkin, is not going to run in 2024.

☆ The US still waits for its high-speed rail revolution
▼ + stars: | 2023-04-18 | by ( Ben Jones | ) edition.cnn.com time to read: +15 min

So why doesn’t the United States have a high-speed rail network like those? Many Americans have no concept of high-speed rail and fail to see its value. William C. Vantuono, editor-in-chief of Railway Age“Many Americans have no concept of high-speed rail and fail to see its value. Corridors for the greatest potentialBrightline West and CHSR offer templates for the future expansion of high-speed rail in North America. “Where those conditions apply in Europe and Asia, high-speed rail reduces air’s share of the market from 100% to near zero.

☆ Sen. Bill Cassidy says reaction to mifepristone dispute is 'totally alarmist' and insists abortion remains a state's rights issue – even as GOP colleagues call for nationwide limits
▼ + stars: | 2023-04-16 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

GOP Sen. Bill Cassidy said the concern over mifepristone and the FDA's authority is "totally alarmist." Cassidy said the Supreme Court's Dobbs decision returned decisions on abortion laws back to the states. The Louisiana senator also insisted that decisions on abortion laws had been returned to the states after last year's Supreme Court decision. "I think Dobbs is the uncomfortable middle ground, where people will confront that there is a diversity of opinion. In September, after weeks of arguing that individual states "should decide the issue of abortion," Sen. Lindsey Graham said abortion was "not a states' rights issue" and proposed a national abortion ban that would bar the procedure after 15 weeks of pregnancy.

☆ From one of Britain's most popular toys to the target of police raids: how a children's doll became a symbol of racism
▼ + stars: | 2023-04-16 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +6 min

A police raid on a bar just outside of London renewed a debate over racist dolls. But despite the long history of the racist trope, the debate over the doll's place in British culture continues. Revellers take part in the Children's Parade at Notting Hill Carnival in London, Britain, August 28, 2022. But it does appear that there is some gradual shift in public opinion happening with the dolls. Nevertheless, the enduring popularity of the blackface doll creates the impression "that we live in a post-racial society," Scott said.

If Scott runs, his campaign will be an experiment that optimism still sells among Republican voters, they said. The question is which side - or bubble - within the Republican Party is holding the most votes." Maidment jokingly knocked the senator for ordering grits, a dish more common in Scott's South Carolina than in northern New England. "The people that are most stressed out about it are the donors," said Chip Felkel, a South Carolina Republican operative. Chris Ager, the chair of the New Hampshire Republican Party and an attendee at the Scott event, said the state's Republicans "welcome him to the debate."

☆ Next week's stock market moves hinge on the longer-term outlook for earnings
▼ + stars: | 2023-04-14 | by ( Scott Schnipper | ) www.cnbc.com time to read: +7 min

Next week's market action could be dictated by how well the latest quarterly reports from corporate America are received. Expectations about the immediate earnings outlook have been down for so long, the actual numbers themselves could look like up to investors. Earnings for all financials in the S & P 500 are actually expected to expand in the first quarter by 4.3%. ET: NAHB Housing Market Index (April) Earnings: Charles Schwab, M & T Bank, State Street, J.B. Hunt Transport Tuesday 8:30 a.m. ET: Philadelphia Fed President Patrick Harker speaks on the economic outlook Earnings: AT & T, American Express, D.R.

☆ Big banks face long road ahead as earnings kick off, says Piper Sandler's Siefers
▼ + stars: | 2023-04-13 | 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 EmailBig banks face long road ahead as earnings kick off, says Piper Sandler's SiefersScott Siefers, Piper Sandler, joins 'Squawk Box' to discuss why the KRE has traded where it has since the banking crisis, which banks have the biggest questions surrounding them and more.

☆ Jim Cramer's top 10 things to watch in the stock market Thursday
▼ + stars: | 2023-04-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Scott Sheffield, CEO of Club holding Pioneer Natural Resources (PXD), sees oil powering to $100 per barrel if hits $90. Yes, I am upset that they paid a higher price than I thought but that was because of a bidding war with Fortive (FTV). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Abby Grossberg, ex-Fox News producer, escalates lawsuit against network, adds CEO Suzanne Scott as defendant
▼ + stars: | 2023-04-13 | by ( Marshall Cohen | ) edition.cnn.com time to read: +3 min

In explosive lawsuits filed last month, Abby Grossberg claimed Fox lawyers bullied her into protecting the network and its on-air personalities in her deposition for the Dominion Voting Systems’ case. Grossberg now accuses Scott of being complicit in the alleged coercion, according to her amended lawsuit. The network fired Grossberg after she initiated the litigation. The topic of potentially missing or withheld evidence is looming large over the Dominion case. Dominion has said that it plans to call Grossberg as a witness as part of its case against Fox News.

☆ A man who may have known Cash App creator Bob Lee has been arrested in connection to the fatal stabbing, per reports
▼ + stars: | 2023-04-13 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

The San Francisco Police Department arrested a man in its investigation into Bob Lee's death, per ABC7 News and Mission Local. The man appears to have known the Cash App creator, both publications reported. Lee was fatally stabbed on April 4 in downtown San Francisco. Matt Dorsey, a member of the San Francisco Board of Supervisors confirmed the report on Twitter. Lee's former wife, Krista Lee, told KTVU Fox 2 that she believes the man who was arrested was an acquaintance of Lee's.

Senator Tim Scott launched a presidential exploratory committee on Wednesday, taking a key step toward running for president in 2024 and challenging former President Donald Trump for the party's nomination. Scott, 57, on Wednesday will visit Iowa, the lead-off state in the Republican presidential nominating process, before heading to New Hampshire on Thursday and his home state of South Carolina on Friday. Former South Carolina Governor Nikki Haley and activist investor Vivek Ramaswamy have formally launched campaigns seeking the Republican 2024 nomination. Florida Governor Ron DeSantis and former Vice President Mike Pence are also expected to run, though neither have announced their candidacy. Reporting by Gram Slattery; Kanishka Singh and Susan heavey; Editing by Scott Malone, Gerry Doyle and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ Republican Sen. Tim Scott launches 2024 presidential exploratory committee
▼ + stars: | 2023-04-12 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Sen. Tim Scott of South Carolina launched an exploratory committee for a 2024 presidential campaign on Wednesday, taking a major step toward a Republican primary arena that former President Donald Trump has dominated so far. "This is personal to me," Scott, 57, said in a video announcing the committee. Scott's move toward a White House run puts him on track to collide with fellow South Carolina Republican Nikki Haley, the former governor and United Nations ambassador who launched her own presidential campaign in February. Trump has dominated early Republican primary polling, while DeSantis has usually held the second spot. The senator, who has been touring key primary states, is planning another swing this week through Iowa, New Hampshire and South Carolina, his committee said.

☆ GOP's early 2024 pickle: Support 1 of 3 minority candidates for president or stick with the aggrieved white guy who could be a convicted felon by Election Day
▼ + stars: | 2023-04-12 | by ( Warren Rojas | ) www.businessinsider.com time to read: +5 min

Republican Sen. Tim Scott has inched closer to challenging Donald Trump in 2024. Current polling casts Trump, who is battling multiple investigations, as the odds-on favorite. Market research firm Morning Consult shows both Scott and Ramaswamy polling at only 1%, and Haley polling at 4%. And that's after he was arraigned on 34 counts of falsifying business records, charges Trump and his House GOP defenders assert are politically motivated. "Our divisions run deep, and the threat to our future is real," Scott said of the existential crisis at hand.

☆ Tim Scott, prominent Black conservative, is one step closer to joining other Republicans in challenging Trump for the 2024 nomination
▼ + stars: | 2023-04-12 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +6 min

"Our country is once again being tested," Scott, the only Black Republican in the Senate, said in a 3-minute video announcement. Once he does so, he'll be the fourth Republican to enter the Republican primary contest against former President Donald Trump. Nikki Haley of South Carolina announced that she was appointing then-Rep. Tim Scott to the Senate on December 17, 2012. Haley and Scott could potentially be competitors to win the 2024 GOP presidential nomination. Haley, who was South Carolina governor at the time, appointed Scott to the seat in 2013 after then-Sen. Jim DeMint resigned.

☆ Police scanner audio reportedly reveals what Cash App creator Bob Lee said when he called 911 after fatal stabbing
▼ + stars: | 2023-04-10 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Audio from a police scanner gave more insight into Bob Lee's 911 call, NBC reported. A spokesperson for the San Francisco police department did not respond to a request for comment ahead of publication. Lee, the chief product officer of MobileCoin and former CTO of Square, was fatally stabbed on Tuesday morning, NBC first reported. ABC's San Francisco affiliate, KGO-TV previously reported that surveillance footage from the moments after the incident showed Lee walking around the Rincon Hill neighborhood in downtown San Francisco and asking for help before the police arrived at the scene. NBC reported that the police had found a knife near the crime scene.

☆ Exxon Mobil is reportedly interested in buying Pioneer. Here's what it could mean for the Club oil name
▼ + stars: | 2023-04-10 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

Pioneer Natural Resources (PXD) is an oil stock worth owning on its own merits. But a fresh report that Exxon Mobil (XOM) could acquire the Club holding would likely unlock even more value. "That's not to say if Exxon Mobil offered a 25% premium, it wouldn't be done. If you saw a 25% premium, I think that would bring them to the table because, let's be realistic, every independent wants to be acquired by Exxon Mobil." Pioneer's attractiveness stems in large part from its quality acreage and low oil price breakevens, at roughly $39 per barrel.

☆ Jim Cramer's top 10 things to watch in the stock market Monday
▼ + stars: | 2023-04-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding Pioneer Natural Resources (PXD) is the biggest independent oil exploration and production (E & P) play. Club holding Constellation Brands (STZ) reported an excellent quarter last week and gave you an 11% dividend increase. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ March's bank failures show options can be tricky even when retail traders pick big winners
▼ + stars: | 2023-04-03 | by ( Jesse Pound | ) www.cnbc.com time to read: +6 min

This halt, and how regulators and brokerage firms handled the outstanding options contracts, turned simple trades into a big headache for retail investors. Davies said that usually he would sell his winning options trades before expiration, so he does not have to deal with the settlement process. Robinhood later allowed Davies to create the naked short position and therefore to exercise his option. The naked short positions showed an on-paper loss in his account until the stock began trading over the counter on March 28. Another wrinkle is that some types of accounts, including retirement accounts, are not allowed to hold short positions, which created additional steps for traders and brokers to close out the trade.

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