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☆ Hedge funds are betting big against these stocks and it's working
▼ + stars: | 2024-03-13 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The latest short interest data reveals several stocks that are down both month to date and since the start of the new year. CNBC Pro screened FactSet data for stocks trading on the New York Stock Exchange and Nasdaq Exchange with the most short interest as of Feb. 29. Here are the names of these heavily shorted stocks: EV-related stocks and auto stocks are an ongoing target of hedge funds — and they're not performing well this year. There is also a significant amount of short interest, roughly 33%, in both Luminar Technologies , which makes technology for self-driving cars, and used car retailer Carvana . Short interest in the stock grew a whopping 44.9% during the latter half of February.

Persons: they're, TD Cowen, Jefferies, —, Nick Wells Organizations: Dow Jones Industrial, CNBC, New York Stock Exchange, Nasdaq Exchange, Lucid, EV, ChargePoint Holdings, Luminar Technologies, Sunnova Energy

CNBC Pro screened to find the stocks that have moved most in line with bitcoin over the last 50 trading days. We looked at the relationship between the stocks and the flagship crypto over that period, as well as the average rolling correlation over the same time period. Here are the top seven names with the highest rolling correlations: The stocks with the highest correlations should come as no surprise. Further down the list, the connections between the stocks and bitcoin are less immediately clear. The electric vehicle maker has a rolling correlation of 0.31, clinching the sixth spot on the screen.

Persons: bitcoin, QuantumScape, FactSet Organizations: CNBC Pro, Marathon, Riot

Corporate executives at major companies have sold stock in their own companies in March as the stock market hits new record highs. Zuckerberg's moves appear to be part of a 10b5-1 stock sale plan adopted last summer. An even larger stock sale came from Michael Dell, the CEO and namesake of Dell Technologies . The tech founder has filed a Form 144 to sell 7 million shares, so more transactions could be coming, according to VerityData. Dell shares have soared more than 50% this year on optimism the AI boom will lead to a replenishment of servers and PCs.

Persons: Mark Zuckerberg, Michael Dell, Alesia Haas, Zuckerberg, Haas, Troendle, William Hickey III, James Walter, TechnipFMC, Douglas Pferdehirt, William Meaney Organizations: Facebook, Dell Technologies, Dell, Medpace Holdings Locations: —, 10b5

☆ Inflation will be on investors' minds next week as worries over sky-high valuations grow
▼ + stars: | 2024-03-08 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

The February consumer price index, set for release Tuesday, and the producer price index, due out Thursday, could hurt equities if the reports come out hotter than expected. The S & P 500 closed out the week with losses, but has advanced more than 7% for the year. Some stubborn spots in inflation February's consumer inflation data next week comes after January's surprisingly hot report dented investor hopes the so-called last mile to the Fed's 2% inflation target will be easy. Export Price Index (February) 8:30 a.m. Import Price Index (February) 8:30 a.m.

Persons: Giuseppe Sette, FactSet, James Ragan, Davidson, Nordstrom, Davidson's Ragan, Kathleen Grace, Russell, Office's Grace, Grace, Price, Jeff Cox, Nick Wells Organizations: Fed, Nvidia, Meta, Oracle, Treasury Budget, Adobe, Price, Index, Manufacturing Locations: chug, Michigan

As the market continued to soar this month, hedge funds are betting against a handful of health-care and auto stocks. CNBC Pro used FactSet data to look for stocks trading on the New York Stock Exchange and Nasdaq Exchange with the most short interest as of Feb. 15. Here are the names of these heavily shorted stocks: Some health-care stocks saw a sizable increase in short interest. Biomea Fusion saw short interest increase by about 19% to 11.8 million shares, or about 43% of float. Children's Place saw short interest increase by more than 200% during the first half of February.

Organizations: Nasdaq, Dow Jones, CNBC, New York Stock Exchange, Nasdaq Exchange, Biomea, Traders, Children's, Mithaq Capital, Lucid Locations: Children's, Saudi

Some stocks could post sizable moves this week on the back of corporate earnings reports this week. Wall Street expects more steam ahead, with the typical analyst surveyed by FactSet holding a buy rating and price target reflecting nearly 10% in upside. His price target of $2 implies shares can add almost 190%. Meanwhile, the average analyst polled by FactSet has a hold rating on the penny stock, but the same price target as Kallo. But he cut his price target by $3 to $80 on Friday ahead of the report.

Persons: Berkshire Hathaway, it's, Raymond James, Srini Pajjuri, Pajjuri, Nikola, Baird, Ben Kallo, NKLA, Kallo, FactSet, Christopher Horvers, bullish Organizations: Nvidia, Moderna, Berkshire, CNBC Pro, CNBC Locations: Lucid

☆ Nvidia earnings, Fed minutes on deck next week as Wall Street assesses interest rate outlook
▼ + stars: | 2024-02-16 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

The Dow Jones Industrial Average, S & P 500 and the Nasdaq Composite each snapped a five-week advance. On average, market strategists on Wall Street anticipate the S & P 500 will end the year at 4,936, according to a CNBC survey . The equal-weighted S & P 500 index is up just 1.7% in 2024, trailing far behind the market-cap weighted benchmark. Initial Claims (02/17) 9:45 a.m. PMI Composite preliminary (February) 9:45 a.m. S & P PMI Manufacturing preliminary (February) 9:45 a.m. S & P PMI Services preliminary (February) 10 a.m. Existing Homes Sales (January) Earnings: Booking Holdings , Live Nation Entertainment , Intuit , Edison International , Dominion Energy , Moderna , PG & E , Keurig Dr. Pepper Friday, February 23, 2024 Earnings: Warner Bros.

Persons: chipmaker, Ayako Yoshioka, Yoshioka, Jerome Powell, Josh Emanuel, everybody's, Emanuel, Russell, They're, Chris Chen, Chen, Dr, Pepper, Nick Wells, Kif Leswing Organizations: Nvidia, CNBC, Dow Jones, Nasdaq, Federal Reserve, Investor, Treasury, Wilshire Associates, American Association of, Insight Financial, Walmart, Home, Alto Networks, Diamondback Energy, Caesars Entertainment, Marathon, Devices, Chicago, PMI, Holdings, Nation Entertainment, Intuit, Edison International, Dominion Energy, Moderna, Warner Bros Locations: U.S, Santa Monica, Calif

Several technology and travel companies are reporting earnings this week — and some of them are likely to see dramatic moves when they do. CNBC Pro screened for stocks that may post sharp moves after releasing their quarterly results, based on calculations from FactSet data. Here are some other stocks that may notch the biggest moves after their announcements this week. Swedish oat milk maker Oatly could move up or down about 17% after its earnings results, which are also slated to come out Thursday. OTLY 1Y mountain Oatly shares Restaurant software platform Toast may also see either a gain or loss of more than 11% following its earnings release Thursday.

Persons: Kraft Heinz, Carvel, Toast Organizations: Bank of America, CNBC Pro, Cisco Systems, Sony, U.S, Oatly Locations: U.S

Executives at New York Community Bancorp are betting with their own money that they can turn the regional lender's fortunes around. According to securities filings compiled by Verity Data, seven insiders at the troubled bank have bought NYCB shares this week. The biggest buy came from director Peter Schoels, who scooped up 100,000 shares . NYCB 1M mountain Shares of NYCB have been cut in half since late January. Shares of NYCB were up 16% in afternoon trading Friday.

Persons: Verity Data, Verity, Alessandro DiNello, Peter Schoels, Schoels Organizations: New York Community Bancorp, NYCB, Moody's Investors Service, Bank, Wall Street Locations: NYCB

It's time to buckle up: Investors holding these stocks could be in for a wild ride this week. A review of companies set to report earnings this week shows that some names may post sharp moves following their results, according to CNBC calculations based on FactSet data. For example, Snap , which reports Tuesday, could see its stock price move up or down about 17% following the news. Here are some other stocks that may move the most in response to news this week. Affirm , the buy now, pay later financial services company, could move up or down 15% following its earnings results, which are set for release Thursday.

Persons: John Butters, Morgan Stanley Organizations: CNBC, Ford Motor, Walt Disney Company, PepsiCo, Spirit Airlines, Palantir Technologies

☆ These Apple suppliers have the most to win or lose from the tech giant's upcoming earnings
▼ + stars: | 2024-01-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Reverberations from Apple 's earnings report will likely be felt across the hardware sector. A cottage industry of suppliers depends on Apple and the suppliers' stocks have a history of moving in tandem with the big technology name. To find these stocks, CNBC Pro screened FactSet for companies that provide Apple with supplies and have the highest correlation in stock price over a 20-week period. In 2023, the stock climbed nearly 39%, outperforming the broader market while underperforming the technology-heavy Nasdaq Composite . The average price target on the Street implies shares can add more than 4% in the next year.

Persons: Amkor, IXIC, Wall, Apple, —, Nick Wells Organizations: Apple, Investors, CNBC Pro, Nasdaq, Wall, Qualcomm Locations: underperformance

Even as the market rallies, the latest short interest data reveals several stocks that could see losses. CNBC Pro screened FactSet data for stocks trading on the New York Stock Exchange and Nasdaq Exchange with the most short interest as of Jan. 12. Lucid Group , another EV maker, saw short interest increase to about 29% of its float. Companies that make auto parts, including Luminar Technologies and Atmus Filtration , also saw short interest increase. Short interest increased 3% and 8% for thrift store chain Savers Value Village and department store Kohl's , respectively.

Persons: Fisker, That's, VinFast, Goldman Sachs, Nick Wells Organizations: Nasdaq, CNBC, New York Stock Exchange, Nasdaq Exchange, Lucid Group, Traders, EV, VinFast, Companies, Luminar Technologies, Dyne Therapeutics, Enliven, Allogene Therapeutics

Rising bond yields have thrown cold water on the major averages, but a few winners may emerge even if rates remain elevated. These developments have spurred worries that the Fed policymakers could keep rates higher for longer. Bond prices and yields are inversely related, which means that as yields rise, bond prices will fall. Generally, insurers benefit when interest rates rise , since their investment portfolios will generate more yield. Shares of both real estate investment trusts, which specialize in communications services, could take a hit as higher rates make their dividends less attractive.

Persons: W.R ., Humana, Jefferies, Centene, Sherwin, Williams, Baird Organizations: Federal Reserve, CNBC Pro, Treasury Bond ETF, CME Group, Molina Healthcare, W.R, Florida Medicaid, American Tower Corporation, SBA Communications Locations: Molina, UnitedHealth, Florida

The energy sector is under pressure, but some stocks within the space are poised for an upside breakout. These names are cheap, are expected to rise more than 10% to their average price targets and are trading below where they have been historically. Upside to average price target of more than 10%. The U.S-listed shares, which are trading 5% below their 200-day moving average, have a forward price-to-earnings ratio of 8.6. It's set to surge 26% to its average price target and is trading at a forward P/E of just 7.6.

Persons: Baker Hughes, It's, Bank of America's Christopher Kuplent, Kuplent, underperformed, Murray Auchincloss, Auchincloss, Bernard Looney Organizations: Energy, APA, CNBC, Equinor ASA, Bank of America's, BP Locations: China, Norwegian, U.S, 2Q23

While the stock market raced toward record highs in late 2023, some hedge funds mounted bets against a myriad of names. Against this backdrop, CNBC Pro screened FactSet data for stocks trading on the New York Stock Exchange and Nasdaq Exchange with the most short interest as of Dec. 15. Lucid Group , another EV maker, also saw a notable short interest increase, to about 27% of its float. Short interest also increased for used car retailer Carvana , climbing more than 7% to 35 million shares, or about 37% of its float. Companies that have continued to see notable short interest since November include plant-based meat producer Beyond Meat and solar energy companies Sunnova Energy and SunPower .

Organizations: CNBC Pro, New York Stock Exchange, Nasdaq Exchange, Lucid Group, Sunnova Energy Locations: U.S, Austria

☆ Gold has formed a ‘golden cross’ chart pattern, signaling more gains ahead
▼ + stars: | 2023-12-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Gold has formed a price chart pattern that has historically proven a bullish signal. The price pattern, known as a " golden cross ," is viewed on Wall Street as a momentum indicator of a positive trend to come. It occurs when the 50-day moving average price for an asset rises above the longer-term, 200-day moving average. What that means today is that 50-day moving average price of gold has risen to $1959.80, surpassing the 200-day moving average price of $1957.70. @GC.1 3M mountain Gold futures prices have climbed in the past three months.

Persons: —, Nick Wells Organizations: Federal Reserve Locations: East, Eastern Europe

Stock purchases by corporate insiders are tracked by many fund managers as a potential signal of company quality. For example, shares of Spectrum Brands are down about 17% over the past three months, but its top executive just stepped in. Spectrum Brands is a conglomerate of different home and pet products, including George Foreman cooking grills and the Wild Harvest pet food line. Here are the top five insider buys revealed in the final week of November, according to VerityData and securities filings. Spectrum Brands: Maura bought 40,000 shares at an aggregate price of $2.67 million.

Persons: David Maura, Maura, George Foreman, Kayne, John Frey, Ivan Kaufman, Paul Elenio, Walden Rhines, Dentsply Sirona, Gregory Lucier, Gregory Lucier's Organizations: Stock, Investors, Spectrum Brands, Brands, Kayne Anderson Energy Infrastructure Fund, Arbor Realty Trust Locations: Arbor

While short bets are mounting in these stocks in recent weeks, some of the upward momentum could be due to a short squeeze playing out. Electric vehicle maker Fisker also saw short interest rise more than 10% to more than 49% of its float. That included artificial intelligence stock C3.ai, with short interest down a little over 3% to about 35% of shares outstanding. Short interest climbed 8% to 32.6 million shares shorted. Short interest increased 6% during the period to more than 27 million shares.

Persons: Fisker, Kohl's, Atmus, —, Fred Imbert Organizations: Nasdaq, CNBC Pro, New York Stock Exchange, Holdings, Luminar Technologies

CNBC Pro reviewed FactSet data to see how the major indexes fared 12 months after the final rate hike in prior cycles. In fact, as Hooper observed, the S & P 500 saw double-digit returns following the last increase in five out of the last six rate-hiking cycles. After the final rate hike in June 2006, the S & P 500 gained 18% in the following 12 months, in the runup to the Global Financial Crisis. The S & P 500 lost 12%, while the Nasdaq Composite plunged 41%. The Dow alone came out in positive territory 12 months out.

Persons: Invesco's Kristina Hooper, CNBC's, it's, Hooper, Russell, Dow, Invesco's Hooper Organizations: CNBC Pro, Nasdaq, CNBC, Dow Jones Industrial, Global

Several executives committed their own, personal money to buying their company's stock this week. CNBC Pro screened for the five U.S. companies with the biggest insider buying activity over the past week, using data from VerityData. Intel — Director Lip-Bu Tan purchased 66,000 shares at an average price of $37.84 for a total of $2.5 million. Opko Health — CEO Phillip Frost bought 1 million shares at $1.27 apiece in a "high IQ" buy for a total of $1.27 million. Another notable insider purchase this week came from SolarEdge Technologies ' director Avery Moore, who bought about 15,000 shares at an average price of $70.96 for a total of $1.09 million.

Persons: Seifi Ghasemi, Tan, Kristina Burow, Phillip Frost, Orlando Carvalho, Frost, Opko, Carvalho, FactSet, Avery Moore, SolarEdge Organizations: CNBC Pro, Air Products, Chemicals, Intel, Therapeutics, Health, Mercury Systems, SolarEdge Technologies

Cooler-than-expected inflation data could push stocks higher, especially those that benefit the most from a decline in the cost of money. MGM stock has added more than 21% from the start of the year, while Caesars has climbed about 11%. Elsewhere, Solar Battery company SunRun also made the cut, and average analysts polled by FactSet/Refinitiv implies nearly 89% upside moving forward. Shares have pulled back more than 52% from the start of the year as higher interest rates pressure the overall solar sector . RUN YTD mountain SunRun stock.

Persons: Russell, SunRun Organizations: Labor Department, CPI, Dow Jones, Federal Reserve, CNBC, Treasury, MGM International, Caesars Entertainment, MGM, Caesars, Las, Solar Battery, FactSet, BMO Capital Markets, Dish Network, AES Corporation Locations: Las Vegas

☆ A 'once-in-a-generation' factory construction boom won't bow to economic jitters. How investors can play it
▼ + stars: | 2023-11-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Now, the window is opening on orders for the components that will go into the construction, he added. One of those exchange-traded funds is TCW Transform Supply Chain ETF (SUPP), a play on the reshoring theme. "[Yet] in just [the past] six months, we've added about $300 billion of orders for mega projects," he added. "The United States is experiencing a once-in-a-generation onshoring boom," the company said during its Oct. 27 conference call. Another top holding is Martin Marietta Materials , which produces the aggregates used for construction projects.

Persons: Chris Snyder, Eli Horton, we've, there's, Horton, Snyder, Eaton, Craig Arnold, Arnold, Martin Marietta, Hortons, we're, Michael Bloom, Nick Wells Organizations: UBS, Federal Reserve, hasn't, Steel, Trane Technologies, Waste Management, Martin, Martin Marietta Materials Locations: U.S, United States

Executives of some beaten-down companies, including one battered biotech name and a popular soft drinks maker, scooped up shares of their own stock in the past week. Here are the top insider buys: Energy Transfer — Executive Chairman Kelcy Warren bought one million shares Monday at $13.53 per share for a total value of $13.53 million. Shares are up more than 2% over the past month. Enstar Group CEO bought swathes of shares Wednesday, the day after the company reported its earnings for the third quarter. The stock has gained about 8% so far this year and shares are up roughly 4% over the past month.

Persons: Kelcy Warren, Dominic F, Silvester, Nigel W, Morris, Richard Barry, Verity, Douglas Ingram, Keurig Dr Pepper, Timothy P, Cofer, Dr Pepper's, Dr Pepper —, Dr Pepper, Mott's —, Enstar Organizations: CNBC Pro, —, Global, Therapeutics, Remitly, FDA, U.S . Securities, Exchange, Enstar Locations: Canada

☆ Bitcoin just formed a bullish ‘golden cross’ signal. What it means after the cryptocurrency's recent rally
▼ + stars: | 2023-10-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The bitcoin price chart just flashed a bullish signal that typically heralds a big rally is on the horizon. On Monday, the cryptocurrency formed a "golden cross," a pattern that's drawn when the 50-day moving average crosses through, and above, an ascending 200-day moving average. "Every big price move starts with a positive cross, but not every positive cross leads to a big move," he told CNBC. However, the last "golden cross" with an ascending 200-day moving average took place Feb. 11, according to Coin Metrics. The slope of the 200-day moving average should continue to point higher as long as the breakout above the second-quarter peaks hold, Wald said.

Persons: Rob Ginsberg, Bitcoin, cryptocurrency, Ari Wald, Oppenheimer, Jerome Powell's, bitcoin, Wald, —, Nick Wells Organizations: Traders, Wolfe Research, CNBC, Metrics, Investors

Investors raised their short bets against various solar stocks and electric vehicle charging companies as the stock market breaks down. Hedge funds, in turn, are raising their bets against stocks they feel are particularly vulnerable in a downturn. Short interest in ChargePoint increased 23% to roughly 91 million shares, while short interest in Plug Power rose 9% to 139 million shares. Short interest reached about 32% and 26% of the float in both of those companies, respectively. A handful of aviation stocks also saw a jump in short interest bets, namely Frontier Group and Archer Aviation , which saw short interest rise to 8% and 7%, respectively.

Persons: SunPower, Frontier, Grindr Organizations: Nasdaq, New York Stock Exchange, Frontier Group, Archer Aviation, Marathon, Cipher Mining, Canada Goose Holdings Locations: Wayfair

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