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The first half of the year has generally been good for the market, with the S & P 500 and the Nasdaq repeatedly reaching record highs. Year-to-date, the S & P 500 is up around 13% and the Nasdaq has risen 14.9%. Against that uncertain backdrop, investors might be looking at exchange-traded funds or mutual funds to diversify their investments. Morningstar provided the list of top-performing funds, which all beat the S & P 500. Using FactSet, that list was screened for funds that analysts give 10% or more upside, and that at least half give a buy rating.
Persons: Thomas Poullaouec, Rowe Price, Ed Clissold, Ned Davis, Morningstar, Richard Bernstein Organizations: Nasdaq, U.S . Federal Reserve, Ned, Ned Davis Research, CNBC Pro, Copper Miners, X Copper Miners, Industrial, Richard Bernstein Advisors Locations: Asia, Pacific, U.S, Turkey
Emerging markets investors have had a bumpy week after surprising election results seem to have caught at least some traders off guard. Between now and Nov. 5 are almost all negative potential risks in Mexico," Joshi added. Elsewhere in the world There are other lingering political issues that could affect emerging market investing. And for investors in broad emerging markets funds, even positive developments in some of these countries can be overshadowed by what happens in China. "It's a very large weight so it's going to drive the emerging market index quite a bit.
Persons: Narendra Modi, Modi, Aastha Gudwani, Angus Shillington, Shillington, Adam Turnquist, We've, Turnquist, Claudia Sheinbaum, Andres Manual Lopez, Morgan Stanley's Nikolaj Lippmann, Arif Joshi, Joshi, Sheinbaum, Lopez, Claudia, Polina Kurdyavko, Javier Milei, Alejandra Grindal, Ned Davis, Grindal, — CNBC's Michael Bloom Organizations: Indian, Bank of America India, CNBC, LPL, Lazard Asset, RBC Global Asset Management, Ned, Ned Davis Research, Federal Reserve Locations: India, Mexico, South Asia, VanEck, U.S, Morena, South Africa, Argentina, China
U.S. stock futures opened little changed on Thursday as investors geared up for Friday morning's nonfarm payrolls report. Futures tied to the Dow Jones Industrial Average inched higher by 16 points, or 0.04%. S&P 500 futures and Nasdaq 100 futures hovered near the flatline. The S&P 500 edged lower by 0.02%, and the Nasdaq Composite lost 0.09%. The Dow has a 0.52% gain, while the S&P 500 is higher by 1.43% and the Nasdaq is on pace for a 2.62% advance.
Persons: nonfarm, Dow, Dow Jones, Ed Clissold, Ned Davis Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Dow, Federal Reserve, Ned Davis Research, European Central Bank, Fed Locations: U.S, it's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe need the Fed to cut rates slowly to maintain the bull rally, says Ned Davis' Ed ClissoldEd Clissold, chief U.S. strategist at Ned Davis Research, joins 'Closing Bell' to discuss the likelihood of the bull rally continuing and what risks could bring the rally to a halt.
Persons: Ned Davis, Ed Clissold Ed Clissold Organizations: Ned, Ned Davis Research Locations: U.S
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe record market rally has stalled in recent weeks, just as skeptics of stocks became believers. Advertisement9 stocks to put in your portfolio nowAlthough the market's path forward is murky with the pivotal US election season coming up, investors shouldn't fret. A team of BMO strategists headlined by Belski unveiled their latest US strategy portfolios in a June 3 note. For reference, the US tactical equity portfolio surged 4.9% last month, roughly in line with the S&P 500, and has outperformed by 0.9% this year and 2.8% in the last 12 months.
Persons: , Brian Belski, hasn't, Ed Clissold, Ned Davis, he's, David Lundgren, Belski Organizations: Service, BMO Capital Markets, UBS, Business, Ned, Ned Davis Research, BMO, Microsoft, Netflix, Nvidia Locations: Montreal, BMO's US
CNN —Toward the end of its 35th season, “The Simpsons” made a move that rankled some fans: It killed a longtime resident of Springfield. I would say under 10,” said Matt Selman, sardonic showrunner of “The Simpsons,” in an interview with CNN. There are around 16 writers per season, typically made up of 22 episodes, though this season has just 18 due to the 2023 writers’ and actors’ strikes. Last month, Sosthand won a Writers Guild Award for the episode, beating out three other nominees from the “Simpsons” writers room. It’s nice that their hard work has been noticed, Selman said, but critical appraisal of “The Simpsons” is always in flux.
Persons: Read, Larry, Barfly, he’s, Homer, they’re, Duff, , , Matt Selman, Marge, Bart, Lisa, Maggie, Selman, ’ ” Selman, – – Selman, Carl Carlson, Carl Carlson Rides, Loni Steele Sosthand, who’s, Murphy, Skinner, Bumblebee Man, Cesar Mazariegos, Broti Gupta, , John Frink, Mike Price, who’ve, , hasn’t, ” Sosthand, Carl, Sosthand, “ It’s, ” Selman, Moe, Rev, Lovejoy, Krusty, ” Price, , Mazariegos, might’ve, “ We’re, Price, Kirk, Willie, janitor’s, Groundskeeper Willie reconnects, ” It’s, Bart hijinx, Ned Flanders, Maude Flanders, Edna Krabappel, it’s “ Organizations: CNN, Gracie Films, Springfield ”, Crazy, , Bass, Scottish Locations: Springfield, Moe’s, , Iceland, West, Scotland
You can't argue with a market making new record highs, though it's fair game to interrogate the tape about its assumptions and intentions. With the Dow Jones Industrial Average closing above 40,000 for the first time Friday and the S & P 500 settling above 5,300 after hitting a fresh all-time high Wednesday, the advice of history suggests not overthinking it. Keith Lerner, strategist at Truist, marks up a long-term S & P 500 chart to show times when it was at an all-time high. Brian Belski, strategist at BMO, last week lifted his year-end S & P 500 target to a Street-high 5,600 . And, quite remarkably, the stock market low of October 2022 occurred at an S & P 500 forward P/E above 15, with unemployment below 4% and in mid-economic expansion.
Persons: Stocks, Keith Lerner, Ned Davis, Brian Belski, Leuthold, Doug Ramsey Organizations: Treasury, Dow Jones, Dow, Ned Davis Research, Investment, Bank, Federal, BMO, Citi U.S, Vegas, Fed, Leuthold Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinancials and utilities will benefit from a Fed rate cut, says Ned Davis' Ed ClissoldEd Clissold, Ned Davis, joins 'Closing Bell' to discuss why he's bullish on the markets and which sectors he sees as having good opportunity plays.
Persons: Ned Davis, Ed Clissold Ed Clissold
Now that the S & P 500 and most major stock market indexes are at or near historic highs, expect a raft of earnings and year-end price target revisions for the S & P 500 to be coming. First up with an upward revision was Brian Belski at BMO Capital, who Wednesday raised his year-end S & P target to 5,600 from 5,100. The median price target (half above, half below) is 5,200. Earnings for the rest of the year have been remarkably stable, but the key point is that each quarter is higher and a record for S & P 500 profits: 2024 S & P 500 quarterly earnings estimates Q2: $59.46 (record) Q3: $63.49 (record) Q4: $65.08 (record) Source: LSEG Valuations (roughly 20 times forward S & P 500 earnings) are pricey but not unreasonable given the continuing strength of the economy and the prospects of AI-boosted returns. May: market advance broadens (advance/decline line) S & P 500: near new high S & P Mid Cap: new high S & P Small Cap: highest since Dec.
Persons: Sam Stovall, CFRA, Brian Belski, Belski, Subramanian, Venu Krishna, Goldman Sachs, David Kostin, Ned Davis, Ed Clissold, Oppenheimer, John Stoltzfus, Lori Calvasina, Manish, Nicolaus, Barry Banniester, Jonathan Golub, Chris Harvey, Dubravko, Bujas, Cantor Fitzgerald, Eric Johnson, Scott Chronert, Julian Emanuel, Fundstrat, Tom Lee, Morgan Stanley, Mike Wilson, Hugo Ste, Stovall Organizations: BMO Capital, Wall, of America, Barclays, BMO, RBC, Societe Generale, UBS, Bloomberg, Citigroup, Deutsche Bank, ISI, JPMorgan, Scotiabank, @VX Locations: Wells Fargo, Marie
Hartford, Connecticut Sean Pavone | Istock | Getty ImagesWhen it comes to improving access to higher education, each state is largely left to its own devices. Connecticut, for example, recently rolled out several programs to establish pathways to college and lower the debt burden. Free college program"We're trying to do everything we can to make education less expensive to start with," Lamont said. Like a growing number of states, Connecticut recently introduced a free tuition program for students attending community college either full- or part-time. In Connecticut, students receive "last-dollar" scholarships, meaning the program pays for whatever tuition and fees are left after federal aid and other grants are applied.
Persons: Hartford , Connecticut Sean Pavone, Anthony Carnevale, Ned Lamont, Here's, Lamont, Joe Biden, Terrence Cheng, Sandy Baum, Baum Organizations: Istock, Georgetown's Center, Education, Workforce, CNBC, Free, Finance, Harvard, State Colleges, Urban Institute's Center Locations: Hartford , Connecticut, Connecticut, , Connecticut
A section of Interstate 95 in Connecticut reopened on Sunday morning after a fiery accident last week damaged an overpass and shut down the highway, a major artery along the East Coast. In the accident, fuel from a fuel tanker carrying thousands of gallons of gasoline ignited the Fairfield Avenue Bridge in Norwalk, Conn., which stretched over the highway. Workers spent 80 hours repairing the road and demolishing the damaged bridge said Ned Lamont, the governor of Connecticut, in a statement on Sunday. There were no serious injuries in the crash, but the damage caused by the intense heat from the burning fuel was so significant that Governor Lamont declared a state of emergency. Repairing the roadway “is vital to the security, well-being and health of the residents of Connecticut, as well as the residents of the states along the Eastern Seaboard,” he wrote.
Persons: Ned Lamont, Lamont, Organizations: Workers, Eastern Seaboard Locations: Connecticut, East Coast, Fairfield, Norwalk, Conn
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings will continue to be the market driver in 2024, says Ned Davis Research's Ed ClissoldEd Clissold, Ned Davis Research chief U.S. strategist, joins 'Closing Bell' to discuss the moves in today's trading day.
Persons: Ned Davis, Ed Clissold Ed Clissold Organizations: Ned Davis Research
Elon Musk apologized Wednesday to laid-off Tesla employees for incorrect severance packages. Some workers previously told Business Insider they were offered two months' pay as severance. AdvertisementElon Musk apologized in an email to some laid-off Tesla employees after their severance packages were found to be "incorrectly low," according to a screenshot of the email viewed by Business Insider. "As we reorganize Tesla it has come to my attention that some severance packages are incorrectly low," Musk said in the brief email sent Wednesday. Other workers told BI that as of Wednesday night, they'd yet to receive any information about severance packages.
Persons: Elon Musk, , Musk, they'd, Tesla, Drew Baglino, who'd, he'd, Rohan Patel, They're, Parag Agrawal, Ned Segal, Vijaya Gadde, Sean Edgett Organizations: Service, Business, CNBC, Worker, Twitter Locations: China
Five recession indicators that were flashing a warning sign about the economy have since retreated. AdvertisementVarious economic indicators that suggested a recession was imminent not too long ago have since retreated, according to Ned Davis Research. That means investors probably don't have to worry about an economic recession occurring any time soon. AdvertisementThese are the five recession indicators that are no longer flashing red as the resilient US economy continues to power forward. In February, the LEI ticked up 0.1% and the Conference Board no longer expects a recession," Kalish said.
Persons: Ned Davis, Joseph Kalish, Kalish, Board's LEI, LEI Organizations: Ned Davis Research, NDR, Gross, GDI, Conference Board
The economy is sending mixed signals about a potential recession in the near future, according to Ned Davis Research. The conflicting data suggests the Fed should de-emphasize when it will cut interest rates. AdvertisementThe US economy is sending mixed signals about when the next recession will arrive. Other economic indicators that measure manufacturing activity have been improving lately and argue for a long runway of economic growth ahead. That advice appears especially poignant following the release of the hotter-than-expected March CPI report, which plunged the probability of the first Fed interest rate cut happening in June from 50% to about 20% and pushed out the likelihood of a rate cut to July.
Persons: Ned Davis, Joseph Kalish, Kalish, Powell Organizations: Ned Davis Research, NDR, Federal Reserve Locations: Europe
Was that a change in the market's character last week, or is it still the same old bull? This is generally to the good, as boring markets are bullish markets while they remain that way. Rates and commodities worries Other asset markets have also been at least inviting the question about a potential shift in character. The good news on this, as I keep insisting, is that it hasn't been a truly Fed-driven market. Though it's easy to imagine the market chafing at this kind of higher-rate, higher-growth equilibrium if it continues too much longer.
Persons: Ned Davis, Jerome Powell, hasn't, That's, We're, It's, Andrew Kelly Organizations: Ned Davis Research, Treasury, Fed, Investors Intelligence, Investment, Deutsche Bank ., New York Stock Exchange Locations: New York City, U.S
.SPX YTD mountain S & P 500, YTD Here's a scouting report covering a few relevant themes at play heading into the second quarter. The tenacious tape The behavior of the market itself is perhaps the strongest selling point for a bullish outlook from here. After the S & P has returned 10% or more in a first quarter? The index continued higher the following quarter nine of those 11 and was up the remainder of the year all but once. All but one of the previous episodes saw the market higher nine months later, which in this case would take it through 2024.
Persons: It's, YTD, we've, it's, , Joe Kalish, Ned Davis, Organizations: Federal, Ned, Ned Davis Research, Treasury, Fed, JPMorgan, Microsoft, Nvidia, Broadcom, AMD, Eaton Corp
And even though gold prices are at an all-time high, many market watchers are still taking a shine to it. But even with a favorable outlook, gold should play a very different role in your portfolio than stocks or bonds, investing experts say. Why gold is up and could continue to riseDifferent investors cite different reasons for owning gold. In addition to a rising tide, a weakening U.S. dollar and falling bond rates have boosted gold prices of late, says Hayes. At lower rates, bonds and cash accounts "have less of a competitive advantage" over gold, he tells CNBC Make It.
Persons: it's, Tim Hayes, Ned Davis, Warren Buffett, It's, Ford O'Neill, we've, Hayes, Buffett Organizations: Ned, Ned Davis Research, Billionaire, Berkshire Hathaway, Fidelity, CNBC, Federal Reserve, ExxonMobil Locations: Berkshire, U.S
Former Nickelodeon stars are speaking out after Investigation Discovery's docuseries "Quiet on Set." AdvertisementInvestigation Discovery's docuseries "Quiet on Set: The Dark Side of Kids TV" has cast a shadow over Nickelodeon's legacy in children's TV. AdvertisementIn the meantime, here's everything former Nickelodeon stars have said since the release of "Quiet on Set." After coming forward about being sexually abused as a teen, Drake Bell called Nickelodeon's response 'empty'Drake Bell in episode two of the Investigation Discovery docuseries "Quiet on Set: The Dark Side of Kids TV." Josh Peck said that he contacted his 'Drake & Josh' costar Drake Bell privately to offer his supportJosh Peck and Drake Bell on season four of "Drake & Josh."
Persons: Discovery's, Drake Bell, Alexa Nikolas, , Dan Schneider, Kate Taylor, Schneider, he'd, Nicole Bristow, Nikolas, Dan, doesn't, it's, Bell, Brian Peck, Sarah Fraser, Nickelodeon's, Peck, Tom DeSanto's, Drake, DeSanto, Josh, Josh Peck, Beth, Rich Correll, Raquel Lee Bolleau, Bolleau, Devon Werkheiser, Lindsey Shaw, Daniel Curtis Lee, Frazer Harrison, costars Lindsey Shaw, Werkheiser, Daniel, Zoey, Jack Salvatore, Mark Del Figgalo, Nickelodeon Salvatore, Sam, Salvatore, Jennette McCurdy, BooG, Bobby Bowman, Nancy Sullivan, Miranda Cosgrove, Jonathan Goldstein, WireImage Sullivan, Audrey Parker, Nichols, Sullivan, Bryan Hearne, Hearne, Tracey Brown, Madisyn Shipman, Shipman, Abby Wilde, Stacey Dillsen, They're, who's, Chris Massey, Michael, , Massey, Michael Barret, Angel Massey, @chrismasseytmb, DAN, Allie DiMeco, DiMeco, Rosalina, Leon Frierson, Dan Schneider's, Frierson, I'm, Amber Frank, Frank, Kenan Thompson, Christopher Polk, Thompson, Kenan, Kel, I've, that's Organizations: Nickelodeon, Service, Business, YouTube, Eat, Kids, Disney Channel, Entertainment, Getty Locations: Hollywood
The S & P 500 is closing out the first quarter on an epic win streak: The index is up 10% year to date and an amazing 25% in the past five months. Select S & P 500 sectors YTD Communication Services up 15% Technology up 12% Energy up 11% Financials up 11% Industrials up 10% Health Care up 8% The only sector down this quarter is real estate, off by 3% in the period. About 70% of the S & P 500 is in the green this year. The S & P 500 advance/decline has been on a tear since the middle of January, with far more stocks advancing on a daily basis than declining. "We saw persistent strength with the S & P 500 up every month from November through February, and this has nearly always been followed by more months of strength," he said.
Persons: Todd Sohn, Strategas, It's, Russell, Ned Davis, Davis, Alec Young Organizations: Communication Services, Technology, Energy, Care
The four-year total return for the S & P 500 since March 23, 2020, is just about 150%, or 25.7% annualized. .SPX mountain 2020-03-23 S & P 500 since the Covid low This is, of course, an idealized starting point from which to measure performance. While the S & P 500 bottomed at around a three-year low under 2,200, the index spent only a few weeks under 2,500. More qualitatively, it's a bull market, and in a bull market the overshoots occur to the upside, so a rally being "ahead of itself" is not fatal. And the S & P 500 is only 9% higher than it was more than two years ago, hardly reaching escape velocity from planet Sanity.
Persons: , Warren, Ned Davis, Tim Hayes, bullishness, Rocky White Organizations: HSBC, 3Fourteen, Bank of Japan, Fed, Ned Davis Research, Schaeffer's Investment Research, Intelligence, Bank of America
Ned Blackhawk’s 'The Rediscovery of America' Is Among Books Honored by the Lukas Prize ProjectAn exploration of racism on social media and a history of Native Americans are among the winners of J
Persons: Ned Blackhawk’s, J
Millennial women are taking over the economy
  + stars: | 2024-03-17 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
Millennial women are having an outsized impact on the global economy, according to Ned Davis Research. "The rise in millennial female participation should have positive implications for the economy and equities in the long-term," NDR said. "The unemployment rate tends to be lower among people with higher education, which helps explain the greater take-up of women in the workforce. Younger women are more likely to have higher education and thus, be employed productively." Ned Davis Research"The premise is that when the economy has a large proportion of maturing population, workers are more productive, and incomes are higher," Grindal said.
Persons: Ned Davis, Alejandra Grindal, , Grindal, millennials Organizations: Ned Davis Research, NDR Locations: Australia, Japan, Germany, Italy, South Korea
Eight economists, investment chiefs, and strategists that Business Insider recently spoke to credited healthier-than-anticipated consumer balance sheets and spending for the continued expansion. "Either that, or they're going to be maxed out — they can't get any more money. They're not going to have any liquidity to be able to continue to do the things they're going to do." He's also sticking with defensive stocks as consumer spending softens, including those in the consumer staples sector like Clorox (CLX) and Procter & Gamble (PG). Real estate is a "hated asset class" that's negatively correlated with interest rates, Sekera said.
Persons: shouldn't, Kevin Gordon, Charles Schwab, they're, Sue Crotty, Ed Clissold, Ned Davis, Clark Bellin, Bellin, David Rosenberg, They're, Rob Swanke, Swanke, Preston Caldwell, Morningstar's, Dave Sekera, Sekera, Christopher Barto, Gordon, Clissold, He's, Morningstar's Sekera, Crotty, Segal Marco Advisors, She's, Barto, that's Organizations: Business, Consumers, Segal Marco, Ned, Ned Davis Research, Commonwealth Financial Network, Nasdaq, Morningstar, Fort Pitt Capital Group, Procter, Gamble, Federal Reserve, Exxon, APA Corp, Duke Energy, Segal, Energy, Healthcare Locations: Devon, Real, NiSource
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at how two of the most powerful Wall Street firms are doing two years after relocating to Miami . Nearly two years ago the billionaire uprooted his hedge fund, Citadel, and market maker, Citadel Securities, from their Chicago headquarters to Miami. Employees at Citadel and Citadel Securities spoke to Business Insider's Emmalyse Brownstein about life in the new HQ . Shares tumbled 55% after The Wall Street Journal reported that Fisker had hired restructuring advisors to assist with a possible bankruptcy filing.
Persons: , we're, sarayut Thaneerat, Tyler Le, Ken Griffin, Samantha Lee, San Francisco, Griffin, Anita Kot, Dogecoin, Elon Musk, Ned Davis, Fisker, Patrick Pleul, Andrew Cabellero Reynolds, Jenny Chang, Rodriguez, Sam Altman, Muhammad Ali, Steven Mnuchin, BI's Peter Kafka, Ezra Bailey, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Business, Wall, Citadel, Citadel Securities, Sunshine State, Miami, New York, Ned Davis Research, Street Journal, Elon, OpenAI, Google, KKR, Benz Locations: Miami, Florida, Chicago, New York, London, York, Plenty, San, Austin, He's, Blackstone
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