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☆ A hedge if this tech comeback is a head fake and a correction is still in order
▼ + stars: | 2024-09-12 | by ( Michael Khouw | ) www.cnbc.com time to read: +3 min

The Technology Select Sector Index, which the ETF 'XLK ' tracks, is down about 9% since the all-time high on July 10. This is even though the technology sector earnings have experienced a compound annual growth rate 2.7% greater than the S & P 500. The chart below reflects the earnings growth of the Technology Sector vs. the S & P 500 over the past 20 years in a log scale. Not only has the technology sector grown earnings faster, but earnings growth has also been more stable. While technology stocks are down almost 9% from their all-time highs, those all-time highs also reflected all-time high valuations.

Persons: we've, it's Organizations: Technology, CNBC, NBC UNIVERSAL

☆ Deutsche Bank's Binky Chadha sees room for S&P 500 to run into year-end
▼ + stars: | 2024-09-12 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Deutsche Bank's Binky Chadha lifted his year-end target for the S & P 500 on Thursday, saying the market has more room to run despite current turmoil. He tied this call to the fact that valuations are supported despite being at the top of their fair-value ranges. .SPX YTD mountain S & P 500, year to date He said to expect more choppiness, such as what investors have experienced in recent weeks, even as the market recovers from its current correction. Chadha expects prices to retreat again going into the presidential election, only to rally afterward to year-end. The S & P 500 has added about 2.5% in the third quarter despite rocky trading.

Persons: Chadha Organizations: CNBC

☆ This ETF's 2024 gains nearly match the Nasdaq Composite — with less volatility
▼ + stars: | 2024-09-05 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The Invesco S & P 500 Low Volatility ETF (SPLV) has advanced close to 13% in 2024, while the Nasdaq Composite is up 13.8%. SPLV follows the S & P 500 Low Volatility Index, which is based on 100 stocks within the broad market index with the lowest realized volatility over the past 12 months. SPLV YTD mountain Invesco's S & P 500 Low Volatility ETF (SPLV). On Tuesday, the S & P 500, Nasdaq and Dow Jones Industrial Average posted their worst session since the early-August slide as a batch of weak manufacturing data spurred investors' worries over the economy. Elsewhere, the ‎CBOE Volatility Index has ticked up above 20 since September has started, and it surged over 65 during the early-August rout, which was its highest level since 2020.

Persons: SPLV, Warren Buffett's Berkshire, Morgan Stanley, Charles Schwab Organizations: Nasdaq, Warren Buffett's Berkshire Hathaway, Mobile, Dow Jones Locations: Warren

☆ Burberry's FTSE relegation confirms a long fall from grace for the luxury fashion icon
▼ + stars: | 2024-09-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

The company slipped into the FTSE 250 during September's quarterly rebalancing, index provider FTSE Russell said in a statement, bringing its 15-year run in the U.K. large-cap FTSE 100 blue-chip index to a close. The company's current market cap of £2.34 billion ($3.06 billion) now puts it well below the other constituents of the FTSE 100, as well as some of the top performers in the FTSE 250. As such, funds that invest in the FTSE 100 will exit their Burberry holdings. The luxury label's addition to the FTSE 100 in September 2009 was taken as a further mark of its enduring appeal and its resilience, even amid the global financial crisis. The luxury sector as a whole has suffered from a prolonged downturn in consumer spending amid inflationary pressures and broader economic uncertainty.

Persons: Dave Rushen, Burberry Burberry's, Edward Berthelot, —, Joshua Schulman, Luca Solca, Bernstein, Michael Kors, Josh Schulman, Solca, Burberry, Piral Dadhania, Richard Chamberlain, Schulman, Gerry Murphy, Cole Smead, Henry Nicholls, Smead, Hugo Boss, Gucci, Kering Organizations: UNITED, Burberry, New Bond, Getty, LONDON, Burberry Group, Russell, London Stock Exchange, jittery, CNBC, RBC, Sky News, Smead Capital Management, Afp Locations: UNITED KINGDOM, Basingstoke, England, British, U.S, London, China, Asia, Japan

☆ Next week has historically been a bright spot ahead of a tough market period
▼ + stars: | 2024-08-23 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Going back to 1953, the S & P 500 has climbed around 0.5% during the final week of August on a median basis, according to data analyzed by Bespoke Investment Group. That is a bright spot ahead of a historically weak period for the market. September ranks as the worst month on average for the S & P 500 going back to 1950, according to data from the Stock Trader's Almanac. Almanac data shows the S & P 500 is flat on average for the month. .SPX 1M mountain The S & P 500, 1 month The upcoming week also has some events that may move the market in the trading month's final days.

Organizations: Investment Group, Stock, Investors

☆ Mike Lynch won a dramatic 12-year legal battle over his tech company. Weeks later, he and his top lawyer are dead.
▼ + stars: | 2024-08-22 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

Hailed as Britain's Bill Gates, Lynch sold Autonomy, his groundbreaking data-management company, to Hewlett-Packard for $11 billion. Shareholders and business commentators were puzzled about what HP, a hardware company, would do with Autonomy, a software company — and why the latter was worth $11 billion. A year after the acquisition, HP wrote down $8.8 billion of the purchase value and accused Lynch of lying about Autonomy's finances. Lynch said HP stifled Autonomy with mismanagement and bureaucracy that pushed out employees and stymied sales. "This verdict closes the book on a relentless 13-year effort to pin HP's well-documented ineptitude on Dr. Lynch," Morvillo said in a joint statement with his attorney colleague Brian Heberlig.

Persons: —, Mike Lynch, Bill Gates, Lynch, Sushovan Hussain, Stephen Chamberlain, Chamberlain, Chris Morvillo, Léo Apotheker, Apotheker, Meg Whitman, James B, Stewart, Time Warner, Bryn Colton, Hussain, hadn't, Henry Nicholls, David Cameron, Cameron, Lynch —, Whitman, Apotheker's, Robert Hildyard, Hildyard hadn't, wasn't, that'd, Guglielmo Mangiapane Morvillo, Morvillo, Brian Heberlig, Angela Bacares, Hannah, Charles Morvillo Organizations: Service, Autonomy, Hewlett, Packard, HP, Business, Cambridge University, Cambridge, Oracle, Adobe, Cisco, Shareholders, New York Times, Time, FBI, Deloitte, Telegraph, The New York Times, KPMG, US Justice Department, Justice Department, High Court, REUTERS, BBC, British Museum, Politico, The Times, Times, Bacares Locations: San Francisco, London, California, Kenya, Sicily

☆ S&P 500 may struggle in the next two months, according to history of past volatility spikes
▼ + stars: | 2024-08-12 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Bank of America found that the S & P 500 typically is lower two months after the Cboe Volatility Index (VIX) spikes above 45. In the eight weeks after such a volatility surge, the S & P 500 is higher only 40% of the time and loses 0.72% on a median basis, BofA data shows. Typically, the broad market index gains 66% of the time and advances 1.95% on a median basis. Roughly three months after a Vix spike, the broad market index is higher 80% of the time, gaining 5.17% on a median basis, per BofA. One year later, the S & P 500 is up 80% of the time, rallying 18.18% on a median basis.

Persons: Stephen Suttmeier, it's Organizations: Bank of America Securities . Bank of America, BofA Securities

☆ Americans who locked in a job, home, and stocks are thriving. Everyone else missed out on their ticket to wealth.
▼ + stars: | 2024-08-12 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +9 min

Did you have a job, own a home, and have significant investments in the stock market? If the answer was yes to all three, then there's a decent chance you're feeling OK about the current state of your finances. But the job market has slowed over the past year. To be sure, not everyone has enough extra cash to invest in the stock market. This is among the reasons a growing share of Americans have dipped their toes into the stock market.

Persons: —, haven't, there's, There's, It's, what's, Roland Hesmondhalgh, he's, Republicans —, Tiffany Bell, didn't, Bell, she's, she'll Organizations: Service, Business, Federal Reserve, University of Michigan, Republicans, Federal Locations: Virginia, Pennsylvania, Houston

☆ The bottom is not in so take profits on any bounce, says BTIG
▼ + stars: | 2024-08-12 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

BTIG's chief market technician warned Sunday that, while the pullback seen early last week generated some "tactical buy signals," he thinks the "bulk of the bounce has likely run its course and [we] would use strength … to lighten exposure." However, the broad market index clawed back most of that decline by Friday, posting a weekly loss of just 0.04%. .SPX 1M mountain SPX 1-month chart "A final durable low is likely still ahead of us," Krinksy said. The big event this week will be the release of the consumer price index reading for July, due Wednesday. "We see LLY stock outperforming for its high growth outlook and low beta," the Deutsche analyst added, while calling the drugmaker a "low beta/high growth unicorn."

Persons: Jonathan Krinsky doesn't, Krinsky, Krinksy, Eric Johnston, Cantor Fitzgerald, Lori Calvasina, Scott Rubner, Goldman Sachs, Eli Lilly Organizations: JPMorgan, RBC Capital Markets, Deutsche Bank, Deutsche

☆ These low-volatility stocks have a winning record and are attractively valued
▼ + stars: | 2024-08-11 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

These stocks have low share price volatility over the past five years, and their total return — including share price gains and dividends — are greater than the S & P 500's over the past five years. Take a look at the names below: Health-care companies Amgen , UnitedHealth Group and AbbVie are among the names with low volatility and strong returns in recent years. Pharmaceutical company AbbVie's roughly 262% gain over the past five years is the highest of the stocks in the group. Amgen's share price has a 5-year total return of 104%, making it a steady grower, but still the slowest of the list. Other stocks with low volatility and attractive valuations include automotive replacement parts retailer AutoZone and insurance company Aflac .

Persons: Stocks, They're, Morgan Stanley, Wells, Mohit Bansal, TD Cowen, Kannan Venkateshwar, — CNBC's Christopher Hayes Organizations: CNBC, UnitedHealth, Pharmaceutical, Morgan Stanley Wealth Management, Humira, Barclays, Mobile

The S&P 500 advanced 0.47% to finish at 5,344.16. This week marked the most volatile week of 2024 for the market. The Dow on Monday tumbled 1,000 points, while the S&P 500 lost 3% for its worst day since 2022. At the Monday lows, the S&P 500 was down nearly 10% from its recent all-time high. It is not just equity markets that have had a volatile week.

Persons: Stocks, Spencer Platt, Jay Hatfield, ” Hatfield Organizations: Nasdaq, Dow Jones, Dow, Federal Reserve, New York Stock Exchange, Wall, Treasury, Capital Locations: U.S, unwind, Hatfield, “

☆ A key stock underperformed the market comeback this week
▼ + stars: | 2024-08-09 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Chipmaking giant Nvidia failed to move up from its losses earlier this week even as the S & P 500 broadly recovered. The iShares Semiconductor ETF (SOXX) managed to finish the week up 2.4%. Bank of America analyst Vivek Arya said despite Nvidia's recent stock losses, the fundamentals remain strong and its valuation is competitive. The iShares Semiconductor ETF (SOXX) managed to finish the week up 2.4%. Stock Chart Icon Stock chart icon Nvidia versus the SOXX ETF over the past week

Persons: Blackwell, Vivek Arya, Arya, CNBC's Organizations: Nvidia, iShares Semiconductor, Bank of America

☆ Wall Street will get key insight on the consumer, inflation in the week ahead as recession fears swirl
▼ + stars: | 2024-08-09 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The wildest week of 2024 has investors bracing for more volatility in the week ahead, with key insight on the consumer and inflation coming at a time when recession fears are top of mind. Inflation, labor data Next week's inflation data could get less attention than it has over the past year when the Fed's fight against pricing pressures put inflation reports on center stage. Recently, it's been the labor market getting the most attention. "The market's caring much more about about labor markets and growth, than they do inflation right now," Ladner said. Week ahead calendar All times ET Monday, Aug. 12 2 p.m. Treasury Budget (July) Tuesday, Aug. 13 8:30 a.m. Producer Price Index (July) Earnings: Home Depot Wednesday, Aug. 14 8:30 a.m. Consumer Price Index (July) 8:30 a.m.

Persons: Scott Ladner, it's, Ladner, —, Strategas, Ryan Grabinski, RJ Assaly, Jeremy Siegel, Chen Zhao, Zhao, Price Organizations: Federal, Walmart, Home, Horizon Investments, Bank of Japan, Wharton, Fed, UBS, Investments, Treasury Budget, Price, Philadelphia Fed, Retail, Manufacturing, Materials, Tapestry, Deere, Co, Housing Locations: U.S, NAHB, Michigan

Stocks ticked up Friday as the stock market built on its incredible comeback from Monday's violent rout. The broad market index ended the week just shy of completely reversing its weekly losses. The S&P 500 advanced 0.47% to finish at 5,344.16. Week to date, the broad market index was just 0.04% lower. The Dow on Monday tumbled 1,000 points, while the S&P 500 lost 3% for its worst day since 2022.

Persons: Stocks Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Dow, Federal Reserve

☆ Why investors may want to wait before buying the dip: 'Don't rush to try to catch a falling knife'
▼ + stars: | 2024-08-06 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The S & P 500 was higher Tuesday, one day after the broad market index posted its worst day in nearly two years amid revived fears of a recession. The current pullback has all the hallmarks of a market correction, the strategist said. So, don't rush to try to catch a falling knife," Malek said. The S & P 500 on Tuesday traded about 7% below a record high reached last month. Besides, he said, it is hard to think of a market correction occurring in August, when a bottom is historically more likely to happen in the month of October.

Persons: Thomas Salopek, Salopek, Mark Malek, Siebert, Malek, CFRA's Sam Stovall, Stovall, Strategas, Chris Verrone, Verrone Organizations: Nasdaq, JPMorgan

☆ Stifel strategist who called this summer pullback sees correction getting to at least double digits
▼ + stars: | 2024-08-05 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Stifel Financial's Barry Bannister thinks the S & P 500 will see a steep pullback over the next couple of months. Bannister said Stifel's year-end target of 5,000 for the S & P 500 "seems appropriate right now" given the July jobs data and delayed Federal Reserve interest rate cuts. In early June, Bannister said the S & P 500 could drop to approximately 4,750 before the end of the third quarter of this year. The S & P 500 ended last week at 5,346.56. .SPX YTD mountain S & P 500 this year.

Persons: Stifel Financial's Barry Bannister, Bannister, Stifel's, Stifel, we've Organizations: CNBC, Traders

☆ Global stock markets are sliding as Japan suffers biggest fall since 1987
▼ + stars: | 2024-08-05 | by ( Huileng Tan | Polly Thompson | ) www.businessinsider.com time to read: +5 min

Read previewJapan's main stock market index suffered its biggest fall since 1987, closing 12.4% lower on Monday, while markets in Asia and Europe also fell sharply. US stock markets sunk at the end of last week as investors digested a streak of negative economic data and disappointing earnings from Big Tech companies. The Chinese stock markets were already under pressure this year due to the country's economic troubles. Japan kept interest rates ultra-low for decades following the implosion of an asset bubble in the 1990s that contributed to persistent deflation. AdvertisementThe BoJ's rate hike has also fanned further risk-off sentiment in global stock markets.

Persons: —, Tony Sycamore, Taiwan's Taiex, Paris, it's, Sycamore, Vishnu Varathan, Mizuho Bank's Organizations: Service, Nikkei, Business, Big Tech, Nasdaq, IG Australia, Bloomberg TV, Kospi, CSI, Federal Reserve, Bloomberg, Bank of Japan, ING Locations: Asia, Europe, Frankfurt, London, Japan

☆ Tech stock sell-off may herald the long-awaited AI reckoning
▼ + stars: | 2024-08-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe tech slide follows a dramatic sell-off in Asia, with Japan's main stock market index, the Nikkei 225, ending 12.4% lower and other AI heavyweights such as SoftBank slid hard. By the end of the year, the company expects to spend up to $40 billion on AI research and product development. That's because AI's been touted as a technology as revolutionary as the internet and smartphones by tech luminaries like Bill Gates. If others really start to believe that's the case, it could mark the beginning of the end for the AI rally.

Persons: —, Jensen, Warren Buffett's Berkshire Hathaway, SoftBank, Sundar Pichai, Susan Li, AI's, Bill Gates, Goldman Sachs, Jim Covello, Daron Acemoglu, it's, Blackwell, Elliott, Dan Ives Organizations: Service, Tech, Business, Nvidia, Apple, Microsoft, Nikkei, Google, Big, Investors, Meta, Elliott Management, Financial Times Locations: Asia

☆ Japan’s stock market index Nikkei 225 touches bear territory as global rout enters a third day
▼ + stars: | 2024-08-04 | by ( Laura He | ) edition.cnn.com time to read: 1 min

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☆ Stock futures slip after Amazon posts results, traders brace for July payrolls report: Live updates
▼ + stars: | 2024-08-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading on July 31, 2024 in New York City. U.S. stock futures slid on Thursday night as traders considered fresh results from Amazon and Intel. Dow Jones Industrial Average futures lost 143 points, or 0.4%, and Nasdaq 100 futures dropped 0.8%. Even the small-cap Russell 2000 hasn't been spared from the recent tumult, down about 3.3% in the period and on pace for its worst weekly performance since January. On the earnings front, energy giants Chevron and Exxon Mobil will be announcing their quarterly results Friday before the market open.

Persons: July's, Dow, Quincy Krosby, Arnim Holzer, Russell, " Holzer, hasn't, payrolls, Dow Jones Organizations: New York Stock Exchange, Amazon, Intel, Investors, Dow Jones Industrial, Nasdaq, Apple, LPL, EAB Investment, Chevron, Exxon Mobil Locations: New York City . U.S, Thursday's

☆ CFRA raises S&P 500 outlook, sees 11% gain over the next 12 months
▼ + stars: | 2024-08-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

CFRA Research sees more upside for the benchmark S & P 500 over the next 12 months, even if the risk of near-term profit taking looms. The higher forecast implies a year-end target of 5,770 for the S & P 500, or a 4.5% uptick from Wednesday's close for the benchmark. Stovall's previous year-end S & P 500 target called for 4,940. A combination of more stable supply-and-demand dynamics coupled with a widening of market gains supports the more bullish outlook, CFRA said. The S & P 500 has a roughly 14% gain this year, compared to the Nasdaq Composite's roughly 15% advance.

Persons: Sam Stovall, Evercore's Julian Emanuel, CFRA, Russell Organizations: Research, Federal Reserve, Nasdaq Locations: Wednesday's

☆ Small cap Russell 2000 posts 10% gain in July, trouncing other indexes
▼ + stars: | 2024-08-01 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Wall Street ended July with a bang that turned a volatile month into a winner. The Russell 2000 soared 10.1% in July, its biggest one-month gain since December. .RUT YTD mountain Russell 2000, year-to-date Bank of America thinks this "pain trade" will continue as a new month of trading kicks off. Among the big analyst calls on Wall Street this morning, Morgan Stanley upgraded GE Vernova to overweight from equal weight. "We believe we are at the early stages of a multi-decade energy transition investment cycle that will require significant capital investment in gas power, renewables, and grid expansion/enhancement.

Persons: Russell, Savita Subramanian, Morgan Stanley, Andrew Percoco Organizations: Nasdaq, Nvidia, Bank of America, GE

☆ CNBC Daily Open: BOJ ups rate to 0.25%; U.S. stocks fall; Starbucks' same-store sales decline
▼ + stars: | 2024-07-31 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia pulled back 7% and Microsoft fell 0.9% during the normal session before reporting earnings after the bell. Still, Microsoft beat estimates as quarterly revenue increased 15% from a year ago to $64.73 billion and net income rose to $22.04 billion. Starbucks missStarbucks' quarterly revenue slid 1% to $9.11 billion, missing forecasts as same-store sales declined for the second straight quarter. The South Korean tech giant said sales of high-end memory chips used in servers will continue to be strong.

Organizations: CNBC, New York Stock Exchange, New York City . Bank of Japan, U.S . Federal, Bank of, Nasdaq, megacaps Meta, Apple, Dow Jones, Nvidia, Microsoft, Fed, Microsoft Microsoft, Bank of Japan, Nikkei, Seng, Samsung, Samsung Electronics, Revenue, South, Reading, Fed Stock, Federal Reserve Locations: New York City, Bank of Japan, U.S, China, Shanghai

☆ CNBC Daily Open: Tech retreats; Starbucks same-store sales decline for second straight quarter
▼ + stars: | 2024-07-31 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia pulled back 7% and Microsoft fell 0.9% during the normal session before reporting earnings after the bell. Still, Microsoft beat estimates as quarterly revenue increased 15% from a year ago to $64.73 billion and net income rose to $22.04 billion. Starbucks missStarbucks' quarterly revenue slid 1% to $9.11 billion, missing forecasts as same-store sales declined for the second straight quarter. Net income fell to $1.05 billion from $1.14 billion a year ago, though it met analysts' expectations.

Persons: Tamas Varga, PVM, Tom Lee Organizations: New York Stock Exchange, CNBC, Big Tech, Nasdaq, megacaps Meta, Apple, Dow Jones, Nvidia, Microsoft, Fed, Microsoft Microsoft, West Texas Intermediate, Brent Locations: New York City, U.S, China

☆ S&P 500 faces greater downside risk ahead, Bank of America says
▼ + stars: | 2024-07-29 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The odds of a pullback in the S & P 500 are higher now, according to Bank of America. "We are thus overdue for a pullback," wrote Subramanian, adding there is "elevated downside risk in coming months. In fact, the strategist expects the S & P 500 will end the year at 5,400. Just 50% have been triggered [today] vs. an average of 70% ahead of prior S & P 500 peaks." From 1936 to 2010, dividends contributed around 40% to S & P 500 total returns, but have only accounted for 15% since 2010.

Persons: Savita Subramanian, Subramanian Organizations: Bank of America, Nasdaq, Dow Jones, BofA Securities

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