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☆ Small-cap stocks still look cheap after big July rally, Vanguard CIO says
▼ + stars: | 2024-07-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Greg Davis, the firm's president and CIO, told CNBC's Bob Pisani that the small-cap rebound makes sense from a valuation standpoint and could keep going. "Small caps, to us, still look relatively cheap — relative to some of the large-cap alternatives that are out there," Davis said. The small-cap Russell 2000 is up nearly 10% in July, while the S & P 500 is flat and the Nasdaq Composite is down 2%. Small-cap value , in particular, has outperformed, including the Vanguard Russell 2000 Value ETF (VTWV) , which is up 11.9%. The small-cap rally comes after this bull market was mainly led by a handful of Big Tech stocks, including Nvidia and Microsoft .

Persons: Greg Davis, CNBC's Bob Pisani, Davis, Russell, Vanguard Russell, it's, Jack Bogle, Salim Ramji Organizations: Vanguard, Nasdaq, Big Tech, Nvidia, Microsoft, BlackRock

☆ New Vanguard CEO says improving customer experience is a 'very high' priority and AI could help
▼ + stars: | 2024-07-29 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

The new CEO at Vanguard said Monday that the asset management giant could lean on artificial intelligence as it looks to improve its customer service experience. Vanguard, which built its reputation as a low-cost and investor-friendly brokerage firm, has seen criticism about its customer service in recent years. Difficulty in reaching a Vanguard representative on the phone is one common complaint seen in online forums. CEO Salim Ramji told CNBC's Bob Pisani on Monday that fixing the customer experience is "very high on my list of priorities" and that artificial intelligence looks like a promising avenue for help. Ramji comes to Vanguard from rival BlackRock, making him the first outsider CEO for the roughly $9 trillion asset manager.

Persons: Salim Ramji, CNBC's Bob Pisani, Ramji, Jack Bogle Organizations: Vanguard, BlackRock Locations: Malvern , Pennsylvania

☆ Value stocks are fueling the small-cap rebound, and these ETFs are outperforming
▼ + stars: | 2024-07-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

This month's market rotation into small caps is being led by a rebound in cheap stocks. According to FactSet, three of the top five small-cap exchange-traded funds in July are explicitly focused on value, including the iShares US Small Cap Value Factor ETF (SVAL) . That fund was up 11.4% for the month through Wednesday, compared to 7.4% for the broader iShares Russell 2000 ETF (IWM) . Investors can account for profitability by looking for stocks with lower price-to-earnings ratios, one of the metrics captured by many value funds. Screening for value stocks can sometimes miss areas of trouble in the market.

Persons: FactSet, ProShares Russell, Sean O'Hara, O'Hara, Todd Sohn, Sohn Organizations: Growers, Companies

☆ Nvidia could be on the verge of a massive technical sell-off, chart analyst warns
▼ + stars: | 2024-07-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Nvidia 's slump is hitting some technical milestones that suggest the stock could continue to slide, according to Raymond James. Raymond James chart analyst Javed Mirza said in a July 25 note to clients that Nvidia has triggered a "mechanical sell" signal based on a moving average convergence/divergence indicator, or " MACD ," which measures price momentum — and it is not the only technical signal flashing sell. The key level to watch is Nvidia's 50-day moving average, currently around $118 per share, according to Mirza. "A multi-day close below important technical support at the 50-day moving average … would confirm a new short-term corrective phase was underway. If that view spreads to executives at Big Tech companies such as Alphabet, it could result in new orders for Nvidia slowing down.

Persons: Raymond James ., Raymond James, Javed Mirza, Mirza, — CNBC's Michael Bloom Organizations: Nvidia, Big Tech

☆ This timber ETF could be on the verge of a breakout, Wolfe Research says
▼ + stars: | 2024-07-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Analyst Rob Ginsberg said in a July 24 note that the Invesco MSCI Global Timber ETF (CUT) appears to be on the verge of a breakout. "The ETF has carved out a very compelling multi year base and is on the verge of breaking out through $34. The timber ETF closed at $33.56 per share on Wednesday. CUT launched in 2007 and is a relatively small ETF, with about $55 million in assets, according to FactSet. Basic Materials ETF (IYM) is up 0.7% in July, compared to a decline of 0.6% for the S & P 500 .

Persons: Rob Ginsberg, WestRock, — CNBC's Michael Bloom Organizations: Wolfe Research, ETF, Basic Materials

☆ This options strategy can profit off an Apple earnings surprise, Goldman says
▼ + stars: | 2024-07-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The upcoming earnings report for Apple could create a big market move that options traders can take advantage of, according to Goldman Sachs. John Marshall, head of derivatives research at Goldman, said in a note to clients that the tech giant's earnings report after the bell on Aug. 1 could deliver a positive surprise. "[Goldman] Hardware analyst Michael Ng expects Apple (AAPL) to deliver an EPS beat at upcoming quarterly earnings driven by solid growth expectations for iPad/Mac and Services. A straddle is a type of options strategy involving a call and put option on a stock with the same expiration date and strike price. The Goldman note was written before Wednesday's tech sell-off, in which Apple fell 2.9%, so investors may want to consider other strike prices as well.

Persons: Goldman Sachs, John Marshall, Goldman, Michael Ng, — CNBC's Michael Bloom Organizations: Apple, Goldman, Services

☆ Ether ETFs officially begin trading in U.S., with funds from BlackRock, Grayscale and more
▼ + stars: | 2024-07-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Ether ETFs officially began trading in the U.S. on Tuesday, putting the world's second largest crypto currency in a vehicle favored by many professional investors and advisors. The new funds come from traditional fund issuers like BlackRock and Fidelity and crypto-specific companies such as Grayscale, marking another step in the increased integration of digital assets into mainstream finance. The ether ETFs are widely expected to be smaller than the bitcoin funds, both because of the relative size of the two markets and the fact that ether may not be as familiar to many investors. The ether ETFs also do not offer staking, which is a process that can give crypto-native investors additional yield. Both the cheapest and most expensive funds come from Grayscale, which is effectively converting its multi-billion dollar private ether fund into two ETFs with different price points.

Persons: Jay Jacobs, Sam Callahan Organizations: Fidelity, Swan Locations: U.S, BlackRock

Second-quarter earnings season is in full swing, and several high-profile companies could see big moves in their stock prices this week once their results are public. Two other high-profile names in the top five of the list are Spotify and Chipotle Mexican Grill , with implied moves of 9.4% and 8.9%, respectively. There are several other major stocks that could have a big effect on the overall market if their implied moves come true. Of the 50 analysts who cover Tesla, just 22 have buy or strong buy ratings, according to LSEG. Another big name on the list is Google parent Alphabet , which is set to report results on Tuesday.

Persons: Chipotle, LSEG, Tesla Organizations: CNBC, Enphase Energy, Spotify, Tesla

☆ Ether ETFs appear set to launch on Tuesday, six months after massive debut for bitcoin funds
▼ + stars: | 2024-07-22 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The U.S. Securities and Exchange Commission appears to have given the green light for exchange-traded funds that hold ether , the world's second-largest cryptocurrency. It approved rule changes for exchanges to list ether funds in May. Some of the companies that have been vying to launch ether funds include massive asset managers such as BlackRock, Fidelity and VanEck. The ether ETFs come about six months after the launch of bitcoin ETFs, which saw some of the most successful debuts in the industry's history. The ether funds are not expected to be as popular as the bitcoin funds, in part because the total market for ether is roughly one-fourth the size of the leading cryptocurrencies.

Persons: Matt Hougan, doesn't, Hougan Organizations: U.S . Securities, Exchange Commission, SEC, Fidelity, VanEck, Trust, ETF, Bitwise Locations: BlackRock, U.S

☆ EA college football is back after over a decade. The game and its fans are a lot different now
▼ + stars: | 2024-07-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

Courtesy: EA SportsThe 2024 football season officially starts this weekend for many fans, as Electronic Arts rolls out a long-awaited revamp of its college football game. A new eraThe college football game, previously titled NCAA Football, was typically a smaller product for EA, at least compared to titles like Madden. Beyond the gameplay, the changes to the video game also reflect some massive shifts in college football itself, including the advent of the College Football Playoff. A decade ago, college football players had strict restrictions around making money outside of their scholarship. EA Sports College Football 25.

Persons: they've, Anthony Bencomo, Bencomo, Bill Long, Long, Eric Handler, Roth, Madden, Lucas Dolengowski, Dolengowski, Sports Bencomo, I've adulted Organizations: EA, EA Sports College Football, Electronic, XBox, PlayStation, Football, eBay, Sports, College Football, Sports What's Locations: Orlando, Sacramento, Madison , Alabama

☆ A pause to the 'Trump trade': The stock market impact if Joe Biden drops out of election
▼ + stars: | 2024-07-19 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

"Should Biden leave the race, we would not immediately change our electoral odds (60% Trump vs. 40% Biden/Dem). However, we would note that the policies of a potential Harris administration would largely align with those of President Biden," Mills said. "The primary market moves on election night will come through the equity side as a result of significant regulatory policy divergences. Under a Biden win, it will be status quo in markets. With a Trump win, [stocks] will get some serious legs," Jefferies chief market strategist David Zervos said in a Friday note to clients.

Persons: Joe Biden, Donald Trump, Biden, Raymond James Washington, Ed Mills, Stocks, Trump, Harris, Mills, MAGA, TD Cowen, Chris Krueger, David Zervos Organizations: NBC, Trump, Biden, Federal, Democratic, Traders, Republican, Democratic Party, GOP, Senate, Jefferies

☆ Retail trader demand for Rumble stock hits record after Trump picks Vance for VP nominee
▼ + stars: | 2024-07-18 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Republican nominee Donald Trump's choice of a former venture capitalist as his vice presidential nominee could be attracting retail traders to one of the companies JD Vance backed, according to JPMorgan. JPMorgan analyst Kamal Tamboli said in a note to clients Wednesday evening that retail traders are piling into Rumble , a YouTube competitor aimed at conservatives. "Retail traders appear to be closely following US election developments with demand for RUM reaching a quarterly record after the announcement of J.D. Vance as the Vice Presidential nominee for the Republican party," the note said. RUM 5D mountain Shares of this company linked to JD Vance are up 17% this week.

Persons: Donald Trump's, Vance, Kamal Tamboli, Rumble, Narya, JD Vance Organizations: JPMorgan, Republican, Narya Capital, Trump, Trump Media

☆ Stocks making the biggest moves after hours: Intuitive Surgical, Netflix and more
▼ + stars: | 2024-07-18 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

These are the stocks making notable moves after the market close on July 18. Netflix reported earnings of $4.88 per share on $9.56 billion of revenue. Intuitive Surgical — The biotech stock jumped more than 6% after a stronger-than-expected report for the second quarter. Intuitive Surgical reported adjusted earnings of $1.78 per share on $2.01 billion of revenue. The company reported $2.50 in adjusted earnings per share for the second quarter, which was 2 cents ahead of estimates.

Persons: LSEG Organizations: Netflix, PPG, Western Alliance

☆ This equal weight ETF is on a five-day winning streak and outperforming its peers in 2024
▼ + stars: | 2024-07-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The Astoria US Equal Weight Quality Kings ETF (ROE) , which launched in 2023, is up 17.6% year to date through Tuesday's close, according to FactSet. By comparison, the Invesco S & P 500 Equal Weight ETF (RSP) and iShares MSCI USA Equal Weighted ETF (EUSA) are up 9.7% and 10.1%, respectively. ROE YTD mountain This equal weighted ETF is outperforming some of its rivals in 2024. The Astoria fund is underperforming some other funds that focus on quality, like the iShares MSCI USA Quality Factor ETF (QUAL) . The Astoria fund also has a higher expense ratio than some of its rivals at 0.49%.

Persons: John Davi, ROE, Davi, Frank Tedesco, Todd Sohn Organizations: Astoria, RSP, EUSA, Nvidia, Big Tech Locations: ROE

☆ Regional bank earnings reports may not matter as group rips higher on rate cut optimism
▼ + stars: | 2024-07-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Regional bank stocks are breaking out, and they may be able to continue to climb even if second-quarter earnings results are modest. The SPDR S & P Regional Bank ETF (KRE) has risen for six straight trading sessions, and on Monday it closed at its highest level since December. KRE 1Y mountain This regional bank ETF is at its highest level since December. The group still trades below historical valuations more than a year after the failure of Silicon Valley Bank, Bank of America said. Notable regional bank earnings reports this week include Citizens Financial Group on Wednesday, M & T Bank on Thursday and Fifth Third Bancorp on Friday.

Persons: Ebrahim Poonawala, Banks, Poonawala, Goldman, Ryan Nash, Nash, — CNBC's Michael Bloom Organizations: P Regional Bank ETF, Federal Reserve, Fed, Bank of America, Silicon Valley Bank, Western Alliance, WAL, York, Citizens Financial Group, T Bank, Fifth Third Bancorp Locations: Silicon

☆ Goldman says this investment is seen as a potential Trump trade and it's jumping Monday
▼ + stars: | 2024-07-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The Russell 2000 gained 6% last week, its best week of the year, and looks poised to rally further on Monday. A cool consumer price index report last week was seen as a major catalyst for small caps, as it suggested interest rates could go lower. "Many investors view small caps as a potential 'Trump trade,' but the path for small cap outperformance is a narrow one," the note said. Kostin said that small caps outperformed after Trump's 2016 election, but that was when interest rates were much lower. The Goldman note was published before the attempted assassination of Trump on Saturday.

Persons: Donald Trump, Goldman Sachs, Russell, David Kostin, Joe Biden, PredictIt, Kostin, Trump, Goldman Organizations: Republican, Trump

☆ Powell indicates Fed won't wait until inflation is down to 2% before cutting rates
▼ + stars: | 2024-07-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., Powell referenced the idea that central bank policy works with "long and variable lags" to explain why the Fed wouldn't wait for its target to be hit. Instead, the central bank is looking for "greater confidence" that inflation will return to the 2% level, Powell said. "What increases that confidence in that is more good inflation data, and lately here we have been getting some of that," he said. Powell said at the top of his appearance that he was not intending to make any signals about when the Fed might start to cut interest rates.

Persons: Jerome Powell, Powell, you've, Powell's Organizations: Economic, of Washington D.C

☆ Watch Fed Chair Jerome Powell's remarks on interest rate policy and the economy
▼ + stars: | 2024-07-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Federal Reserve Chair Jerome Powell is set to address the Economic Club of Washington, D.C., on Monday as traders look for hints about when the central bank will cut interest rates. Powell will partake in a discussion with David Rubenstein, chairman of the Economic Club and co-founder of The Carlyle Group. These will be Powell's first remarks since Thursday's consumer price index report, which showed that prices went down in June on a monthly basis. He also said the central bank did not need to wait for inflation to actually reach its 2% target before cutting rates. The Federal Reserve has a policy meeting at the end of July, but a rate cut is seen unlikely at that time.

Persons: Jerome Powell, Powell, David Rubenstein Organizations: Economic, of Washington, of Washington , D.C, Economic Club, The, Group, Capitol, Fed, Federal, Traders Locations: of Washington ,

☆ BlackRock's Larry Fink says he's a 'major believer' in bitcoin, is worried about government deficits
▼ + stars: | 2024-07-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

BlackRock CEO Larry Fink told CNBC's " Squawk on the Street " that he sees a future for bitcoin after previously being a " proud skeptic " of the cryptocurrency. "I'm a major believer that there's a role for bitcoin in portfolios," Fink said Monday, calling it "digital gold." The firm's iShares Bitcoin Trust (IBIT) has raked in more than $18 billion since its launch in January, making it the biggest bitcoin exchange-traded fund. Fink said political risk and rising government debt are some of the reasons for investors to own bitcoin. Fink said even outside of bitcoin, he sees rising public spending as one of the biggest issues facing the world.

Persons: Bitcoin, Larry Fink, CNBC's, Fink, I'm, bitcoin Organizations: BlackRock, bitcoin, Nasdaq Locations: lockstep, bitcoin

☆ Wholesale prices rose 0.2% in June, slightly hotter than expected
▼ + stars: | 2024-07-12 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

A measure of wholesale prices rose more than expected in June as Wall Street assesses when the Federal Reserve will feel comfortable cutting interest rates. The producer price index rose 0.2% last month, the Labor Department's Bureau of Labor Statistics reported on Friday. The PPI is a gauge of prices that producers can get for their goods and services in the open market. Friday's report comes shortly after the June consumer price index came in cooler than expected on Thursday. The Fed's preferred inflation reading is the personal consumption expenditure price index.

Persons: Dow Jones Organizations: Port, Federal, Labor Department's Bureau of Labor Statistics, PPI, Traders Locations: Port of Los Angeles, San Pedro , California

☆ Thursday was a historically strange day in the stock market. That may be good news
▼ + stars: | 2024-07-11 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Wall Street saw a dramatic shift in market trends on Thursday, with winning and losing stocks swapping places for a day. The Russell 2000 small-cap index, which has struggled to find its footing all year, jumped more than 3% on Thursday. Thursday was just the second day since 1979 when the Russell 2000 rose more than 3% while the S&P 500 declined. The Nasdaq Composite underperformed the Russell 2000 by more than 5 percentage points in what appears to be biggest daily gap on record. "Today's an important day," Ed Yardeni of Yardeni Research said on CNBC's "Closing Bell.

Persons: Russell, Ed Yardeni, Jerome Powell Organizations: Nvidia, Apple, Nasdaq, Investment Group, Pfizer, Yardeni Research, Federal Reserve

☆ Ed Yardeni raises S&P forecast, says 'Roaring 2020s' happening even faster than he expected
▼ + stars: | 2024-07-11 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The stock market's steady rally is forcing even bullish market forecasters to play catch-up and raise their targets. Ed Yardeni of Yardeni Research late Wednesday hiked his year-end target for the S & P 500 to 5,800 from 5,400. This week's report repeated Yardeni's forecast that the S & P 500 can reach 8,000 by the end of the decade. According to the CNBC Market Strategist Survey , the average year-end target from major banks is 5,464, with a median forecast of 5,600. The S & P 500 is higher by 18% year to date, and nearly 28% over the past 12 months.

Persons: Ed Yardeni, We've, Yardeni, CJ Lawrence, EF Hutton Organizations: Yardeni Research, CNBC Market, Survey, yearend, Nvidia, Prudential Equity Group, Deutsche Bank's, Prudential, Bache Securities, EF

☆ Key inflation report looms on Thursday as traders grow more confident in Fed rate cut
▼ + stars: | 2024-07-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The consumer price index, or CPI, report for June is due out at 8:30 a.m. A widely anticipated inflation report on Thursday may solidify expectations for the Federal Reserve to cut interest rates in coming months. The price changes in the components that make up the CPI index will also be a focus on Thursday, especially if the number comes in different from expectations. Both shelter and medical services are also key parts of the personal consumption expenditures index, the Fed's preferred inflation measure, rather than CPI. "We've seen medical services [be] pretty tame, and that's important because medical services makes up a much bigger portion of the PCE, which is the more important of the two inflation prints," Roth said.

Persons: Jerome Powell, Powell, Dow Jones, Matt Brenner, Brenner, Tony Roth, We've, Roth Organizations: Federal Reserve, CPI, Wilmington Trust, PCE Locations: Wilmington

☆ Watch Fed Chair Jerome Powell testify live before the House financial services panel
▼ + stars: | 2024-07-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Federal Reserve Chair Jerome Powell is set to testify on Capitol Hill before the U.S. House Financial Services Committee on Wednesday. The appearance comes after Powell appeared before the Senate Committee on Banking, Housing and Urban Affairs on Tuesday. Investors will be listening to hear if Powell gives any hints about when the Fed might begin to cut rates. The central bank has a meeting later this month, though traders see a cut in July as unlikely. Representatives could also ask about the Fed's oversight of banks, including the potential risks of commercial real estate to regional lenders.

Persons: Jerome Powell, Powell Organizations: . House Financial, Banking, Housing, Urban Affairs

☆ Japan's stock market rally will continue in the second half, but with a key shift, BlackRock says
▼ + stars: | 2024-07-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The rally for Japanese stocks is set to continue in the second half of the year, but the best way for American investors to participate in it could change, according to the BlackRock Investment Institute. The firm said in its midyear outlook that being overweight on Japanese stocks is one of its highest conviction calls. Many Americans have already been rushing into funds that track Japanese stocks, part of a broader increase in foreign investor money . HEWJ YTD mountain Currency-hedged Japanese funds like the HEWJ are outperforming their unhedged counterparts in 2024. Goldman Sachs Asset Management said in its midyear outlook that "in Japan, we expect strong equity market performance to continue being driven by structural changes."

Persons: Wei Li, Li Organizations: BlackRock Investment Institute, U.S ., BlackRock, Goldman, Management Locations: U.S, BlackRock, Japan, bullish

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