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☆ Apple, Nvidia lead big tech selloff
▼ + stars: | 2024-08-05 | 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, Nvidia lead big tech selloffCNBC's Deidre Bosa joins 'The Exchange' to discuss the extent of the tech selloff from the Mag 7 and Nasdaq.

Persons: Bosa Organizations: Apple, Nvidia, Nasdaq

☆ Investors are fleeing Big Tech. Bank of America says to take advantage of these 2 stock trades instead.
▼ + stars: | 2024-08-05 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Read previewBuying and holding Big Tech stocks has led to great performance in recent years, but this might not be the case going forward. As a result, buy-and-hold investors are probably seeing more red than they'd like in their portfolios right now. AdvertisementBig Tech overexposureIf you hold a lot of Big Tech stocks in your portfolio, you're not alone. Related storiesThere's definitely reason to be bullish on tech overall, especially as AI spurs growth, but overexposure to Big Tech isn't without its drawbacks. According to Subramanian, there's more room for Big Tech to fall, especially if investors don't see AI monetization cases soon.

Persons: —, Savita Subramanian, overexposure, Subramanian, That's, there's, They're Organizations: Service, Big Tech, Nasdaq, Down, Dow, Business, Bank of America, Microsoft, Meta, Google, Fund, Vanguard, Energy

☆ Remco Evenepoel creates a moment he ‘could only dream of’ with thrilling Olympic cycling double
▼ + stars: | 2024-08-04 | by ( Rosanne Roobeek | ) edition.cnn.com time to read: +5 min

Paris CNN —Belgium’s Remco Evenepoel made history on Saturday, becoming the first male cyclist to claim gold in both the road race and time trial at the same Olympic Games. “Crossing the finish line, I realized I just became the double Olympic champion in one week, something I could only dream of,” Evenepoel told CNN. Evenepoel and Valenton Madouas of Team France pass through the Côte de la Butte Montmartre while fans cheers during the men's road race. David Ramos/Getty ImagesInside the final 40 kilometers (25 miles), Evenepoel broke away from a peloton that included top rivals like Mathieu van der Poel of the Netherlands. Belgian cyclist Remco Evenepoel celebrates his gold medal for the men's cycling road race at the Belgium House in Paris, France on August 3, 2024.

Persons: Paris CNN —, Evenepoel, ” Evenepoel, Usain Bolt, Michael Phelps, David Ramos, Mathieu van der, France’s Valentin Madouas, “, “ It’s, ”, Remco Evenepoel, Jasper Jacobs, Gil de Vis, it’s, ” de Vis Organizations: Paris CNN, Tour de France, CNN, Olympics, France, ”, Eiffel, Belgium House, MAG, Getty Locations: Paris, Netherlands, Belgian, Belgium, France, Aalst, Brussels

☆ The stock market is in no man's land. Here's what investors should expect next
▼ + stars: | 2024-08-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +16 min

Anything above 4% indicates the market is overbought, anything below a minus 5% means the market is oversold.) I am just prematurely predicting other investors fleeing the stock because they think Warren knows more than them. Many investors thought that Amazon was the best set up of the Mag Seven going into earnings. We are right smack in a most perilous moment because the Fed doesn't want to move too fast but the stock market does and the Fed does not care about that. I don't think a presidential election is all that conducive to the market.

Persons: Warren Buffett's Berkshire Hathaway, Apple, Warren, That's, Buffett, Tim Cook, Cook, Carl Icahn, I'd, Donald Trump, don't, Jerome Powell, Meta, It's, Pat Gelsinger, Andy Grove, Gelsinger, Craig Barrett, that's, Pat, Let's, Mark Zuckerberg, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Dow, of America, Apple, Microsoft, Bank of America, Amazon Web Services, Investors, Comcast, Walgreens, CVS, Federal, whimpers, Amazon, Nvidia, Meta, Intel, Lenovo, Dell, HP, CNBC, Jim Cramer's Charitable, Traders, New York Stock Exchange Locations: Friday's, China, —, Wells, U.S, humorless, Taiwan, Brookfield, Arizona, NBCUniversal

☆ Mag 7 will be inferior growers by the end of 2024, says Richard Bernstein
▼ + stars: | 2024-07-31 | 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 EmailMag 7 will be inferior growers by the end of 2024, says Richard BernsteinRichard Bernstein, Richard Bernstein Advisors CEO, joins 'Closing Bell Overtime' to talk Meta earnings and the performance of the Mag 7.

Persons: Richard Bernstein Richard Bernstein, Richard Bernstein

☆ The tech sell-off may not be over. Here's an options trade to capitalize on the trend—with protection
▼ + stars: | 2024-07-26 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

The Nasdaq-100 has seen significant profit taking as many investors have trimmed their exposure to the Mag 7. Volatility and carnage in the Nasdaq should persist causing more sellers to sell tech stocks. Here is an options strategy to profit on this additional plunge in Tech. However, the move ran out of gas into the closing bell, and the QQQ finished back in the red. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Russell, Tesla Organizations: Nasdaq, Nvidia, Meta, Dow, CNBC, NBC UNIVERSAL Locations: Tech

☆ Hedge fund manager Dan Niles says it's too early to buy beaten-up mega-cap tech stocks
▼ + stars: | 2024-07-24 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +3 min

Hedge fund manager Dan Niles sees this week's tech sell-off as confirmation that the trade is in significant trouble. On July 11, Niles warned on X that earnings season could expose big risks in the megacap tech trade. He was particularly worried about the Magnificent Seven stocks, which include Tesla , Nvidia , Alphabet , Meta Platforms , Microsoft , Apple and Amazon . So, you're going to have a fall off some time next year in cap equipment that's going to be horrific because of that." Longer term, Niles thinks the bull case for megacap tech stocks is intact.

Persons: Dan Niles, Niles, CNBC's, I'm, they're, China's, there's, we're, we've Organizations: Google, Niles Investment Management, Nvidia, Microsoft, Apple, Cisco Locations: frothiness, China, Niles

☆ Jim Cramer examines Wednesday's brutal tech sell-off
▼ + stars: | 2024-07-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer looked at what might have spurred Wednesday's Big Tech sell-offs, reviewing why investors may have been disappointed with earnings from Alphabet and Tesla . Cramer was impressed with the strength in the company's search business, as well as its Google Cloud revenue, which topped estimates at $10.35 billion. But Cramer said CEO Elon Musk "told a great story of self-driving technology, sorely needed energy production, not to mention humanoid robots." Cramer suggested both Alphabet and Tesla might not have declined if the market wasn't in the midst of a broader rotation out of tech. Cramer also examined stocks that have been seeing gains on the S&P 600 — the S&P's small cap index — as investors sell the mega caps.

Persons: CNBC's Jim Cramer, it's, Tesla, Cramer, Elon Musk Organizations: Big Tech, Nasdaq, Google, ATI, Ensign Group, SPS Commerce, Mueller

☆ Deepwater's Doug Clinton names Alphabet as his favorite 'Mag 7' company
▼ + stars: | 2024-07-22 | 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 EmailDeepwater's Doug Clinton names Alphabet as his favorite 'Mag 7' companyDoug Clinton, Deepwater Asset Management, joins 'Closing Bell' to discuss the company's AI investments, capex concerns, and the tech sector.

Persons: Doug Clinton Organizations: Deepwater Asset Management

☆ Mag 7 likely to continues gains over next year, says Samantha McLemore
▼ + stars: | 2024-07-18 | 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 EmailMag 7 likely to continues gains over next year, says Samantha McLemoreSamantha McLemore, CIO of Patient Capital, joins CNBC's 'The Exchange' to discuss market outlooks.

Persons: Samantha McLemore Samantha McLemore Organizations: Patient

☆ Buy these stocks if Trump and GOP win big in November, says Wolfe Research
▼ + stars: | 2024-07-15 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Several stocks could get a boost if former President Donald Trump wins the presidency and the GOP secures control of Congress, the odds of which have increased since the weekend, according to Wolfe Research. Here is a selection of stocks Wolfe expects to reap the benefits of a Trump reelection: Trump Media & Technology Group shares could benefit from a Trump win — and traders have already been piling into the stock since Saturday's event. Trading in Trump Media, which is the parent of social media platform Truth Social, has been volatile in recent months. The stock plunged about 50% in the three weeks after Trump was convicted on 34 felony counts on May 30. Other stocks Wolfe Research expects to benefit from a Trump win include UnitedHealth Group , Halliburton and Emerson Electric .

Persons: Donald Trump, Trump, Chris Senyek, Wolfe, Goldman Sachs, Charles Schwab, bitcoin Organizations: GOP, Wolfe Research, Investors, Trump, Republican National Convention, Republican, Federal Reserve, Trump Media & Technology Group, Trump Media, White House, Evercore, Citigroup, UnitedHealth, Halliburton, Emerson Electric Locations: Pennsylvania, Milwaukee, Technology

☆ Cathie Wood says she wouldn't have sold Nvidia stake 'had we known that the market was going to reward it'
▼ + stars: | 2024-07-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Ark Invest's Cathie Wood says she wouldn't have sold her Nvidia stock if she knew it was going up. She previously called Nvidia a "check the box stock" with too much "hyperactivity." Nvidia's stock has gained 172% this year, and it briefly became the most valuable company in June. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHindsight is 20/20 for Ark Invest's Cathie Wood, whose fund missed out on the Nvidia stock rally when it sold its position too early.

Persons: Wood, — Organizations: Nvidia, Service Locations: ARKK

☆ How professional investors are gearing up for the presidential election
▼ + stars: | 2024-07-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Heading into November's U.S. presidential election, professional investors agree on one strategy — diversification remains key. Diversification to hedge tax rate risk FBB Capital Partners' Mike Bailey said that should former President Donald Trump win, his tax cuts might mean better overall prospects for equities. Bailey emphasized that while his investment strategy avoids predicting macroeconomic events and timing the market, Depending on the election's outcome, there could obviously be different results for investors, investors could find it helpful to look at the extreme outcomes of the election. He recommended diversifying across different asset classes, since higher tax rates could lead to downside in the equity market. "If tax rates change, I don't think bonds are going to move that much, so you're pretty safe on that side," he said.

Persons: Mike Bailey, Donald Trump, Bailey, Tesla, John Davi, we're, Davi, You've, it's, Kumar Organizations: November's U.S, Nasdaq, Federal Reserve, Dow Jones, CNBC Pro, Wall, Capital Partners, CNBC, Astoria, Komal, Sri, Kumar Locations: U.S, —, China, Mexico

☆ Stocks could face the steepest correction since the 2022 bear market as earnings kick off, analysts say. Here's what investors should watch for.
▼ + stars: | 2024-07-12 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Second quarter earnings season could trigger the most painful stock correction since 2022, according to NDR. AdvertisementHere's what investors should look out for during the second quarter earnings season, according to NDR. Therefore, it's not a matter of whether analysts will cut their second-half earnings growth estimates but rather by how much they will cut. "Management teams have guided the Q2 year/year growth rate down to 5.7% from 7.0% at the end of May. "Analysts are banking the Mag 7 to continue to drive earnings growth, but the rest of the market to participate more.

Persons: —, Ned Davis, Ed Clissold, Clissold Organizations: NDR, Service, Ned Davis Research, Management, Nvidia, Amazon

☆ Upcoming earnings will determine whether the stock market rotation is here to stay or a one-day wonder
▼ + stars: | 2024-07-12 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Certainly lower interest rates are a huge help, particularly for small-cap companies that are generally more sensitive to interest rate changes. There must be a belief that earnings will broaden out beyond a small group of megacap tech stocks. The root source of the long tech rally is the superior earnings growth of technology. Two questions follow: with the massive rise in tech prices, is most or all of that earnings growth now priced in, and what are the prospects for earnings growth in other sectors? The problem is identifying where this additional earnings growth is coming from, and how robust it might be.

Persons: it's, Supriya Menon, America's Savita Subramanian, Bryan Spillane, Subramanian Organizations: New York Stock Exchange, Federal Reserve, Nvidia, Wellington Management, Bloomberg, Bank, America's Locations: cyclicals

☆ Forget AI: These 3 overlooked areas of the stock market have 'coiled spring' upside, JPMorgan says
▼ + stars: | 2024-07-09 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewInvestors are still overtaken by the frenzy for generative AI — but there are underappreciated areas of the market that could offer gains like "coiled springs," according to JPMorgan Asset Management. Related storiesBy the fourth quarter of 2024, JPMorgan expects earnings expansion for the other 493 S&P 500 stocks to match that of the Magnificent 7, a dynamic shown in the chart below. Earnings growth is expected to climb in the S&P 500, barring the Magnificent Seven stocks. These stocks are bound to see upside due to "unexpected resiliency" in the US economy and the rising need to transport materials.

Persons: —, Microsoft — Organizations: Service, Asset Management, Nvidia, Meta, Microsoft, Business, JPMorgan, JPMorgan Asset Management, Semiconductors

☆ These types of ETFs could prove winners in the second half
▼ + stars: | 2024-07-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

The best-performing exchange-traded funds in the second half will likely be decided by broader shifts in the markets and economy. Even with mounting uncertainty, however, there are some types of ETFs that could emerge as winners. Equities A handful of stocks were big winners in the first half, and some narrowly focused ETFs were able to ride that wave. Single-stock funds tied to Nvidia have also seen heavy interest, including the GraniteShares 2x Long Nvidia ETF (NVDL) . However, Hougan said he didn't think that omission would be a big hurdle for ETF investors.

Persons: Michael Arone, Arone, Jay Jacobs, Jacobs, Todd Sohn, bullish, we're, Sohn, Matt Hougan, Hougan Organizations: Federal Reserve, U.S, SPDR, State Street Global Advisors, Nvidia, Microsoft, NYSE Technology, iShares, Digital Infrastructure, Real, U.S . Tech, Blackstone Senior Loan, Loan Fund, New, Bitwise Asset Management, ETH Locations: U.S

☆ The 'Mag 7' have become the value stocks of the market, says NYU's Aswath Damodaran
▼ + stars: | 2024-07-05 | 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 'Mag 7' have become the value stocks of the market, says NYU's Aswath DamodaranAswath Damodaran, NYU professor, joined 'Closing Bell' to discuss whether he believed the market valuations were overextended.

Persons: NYU's, Damodaran Organizations: NYU

☆ Morgan Stanley's Lisa Shalett: The defensive position should include broadening beyond Mag 7
▼ + stars: | 2024-07-03 | 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 EmailMorgan Stanley's Lisa Shalett: The defensive position should include broadening beyond Mag 7Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, joins CNBC's 'Squawk on the Street' to discuss market outlooks, how to position going into Q3, and more.

Persons: Morgan Stanley's Lisa Shalett, Lisa Shalett Organizations: Morgan Stanley Wealth Management

☆ Jim Lebenthal expects a September Fed cut, but says he's nervous about the economy
▼ + stars: | 2024-07-03 | 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 EmailJim Lebenthal expects a September Fed cut, but says he's nervous about the economyThe Halftime traders Steve Weiss, Shannon Saccocia, Joe Terranova and Jim Lebenthal discuss the technical breakout for some of the 'Mag 7' stocks and the economy.

Persons: Jim Lebenthal, Steve Weiss, Shannon Saccocia, Joe Terranova

☆ Watch CNBC’s ‘Halftime Report’ traders weigh in on the Fed, economy and 'Mag 7' comeback
▼ + stars: | 2024-07-03 | 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 ‘Halftime Report’ traders weigh in on the Fed, economy and 'Mag 7' comebackThe Halftime traders Steve Weiss, Shannon Saccocia, Joe Terranova and Jim Lebenthal discuss the technical breakout for some of the 'Mag 7' stocks and the economy.

Persons: Steve Weiss, Shannon Saccocia, Joe Terranova, Jim Lebenthal

☆ Mag 7 will continue to lead despite pullback, says MAI Capital's Chris Grisanti
▼ + stars: | 2024-06-24 | 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 EmailMag 7 will continue to lead despite pullback, says MAI Capital's Chris GrisantiChris Grisanti, chief market strategist at MAI Capital Management, joins CNBC's 'The Exchange' to discuss market outlooks, how to position in the summer months, and more.

Persons: Chris Grisanti Chris Grisanti Organizations: MAI Capital Management

☆ The market is bifurcated between Mag 7 and 'everything else,' says Richard Bernstein
▼ + stars: | 2024-06-17 | 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 market is bifurcated between Mag 7 and 'everything else,' says Richard BernsteinRichard Bernstein, Richard Bernstein Advisors CEO & CIO, joins CNBC's 'The Exchange' to discuss market outlooks, how to position, and more.

Persons: Richard Bernstein Richard Bernstein, Richard Bernstein

☆ Investors are hoarding cash, a tidal wave of non-tech earnings is quietly rising, and 3 other fascinating takeaways from JPMorgan Asset Management's mid-year outlook
▼ + stars: | 2024-06-15 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Since then, those technology titans have crushed the rest of the market in earnings growth and returns. By contrast, the other 493 stocks in the S&P 500 saw their earnings fall in 2023. The firm is calling for 17% earnings growth in the fourth quarter, both for stocks in and out of the Magnificent 7. All 11 market sectors will enjoy earnings growth in Q4 for the first time since Q2 of 2021, according to JPMAM's projections. That includes healthcare, energy, and materials, which saw earnings decline earlier this year.

Persons: Tesla, Stocks, Santos, JPMAM Organizations: Asset Management, Apple, Meta, Microsoft, Nvidia

☆ These stocks are attractively valued and are expected to make new highs
▼ + stars: | 2024-06-09 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

There's a growing dominance of technology stocks in the stock market. Using LSEG, we searched for stocks outside the concentrated tech universe that are expected to reach new highs. Citizens Financial has a forward P/E ratio of 12.1 and five-year P/E of about 15, while Fifth Third's forward P/E is 11.1 and its five-year slightly lower, at about 10.8. Analysts polled by LSEG think shares have about 18% upside potential, and the stock also has an attractive forward P/E ratio of about 4.77, by far the least of the group. Other attractive stocks that could reach new highs include homebuilder Pultegroup and insurance company Allstate .

Persons: Stocks, Dow, Ryan Grabinski, Kevin Holt, Wolfe, Bill Carache, Carache, General Motors, LSEG Organizations: Nasdaq, Nvidia, Microsoft, Apple, Strategas Securities, CNBC, Oil, Chevron, Exxon Mobil, Invesco Energy, Exxon, ConocoPhillips, Marathon, Citizens Financial Group, Fifth Third Bancorp, Financial, Fifth, Wolfe Research, Automotive, General, Allstate Locations: Guyana, Chevron

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