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☆ Tom Lee says the rotation out of large caps is just beginning, small caps to surge 15% in August
▼ + stars: | 2024-07-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

The S & P 500 and Nasdaq Composite suffered their biggest one-day losses since late 2022, dropping 2.3% and 3.6%, respectively. The small-cap Russell 2000 was a relative outperformer, ending the day down 2.1%. The Russell is up 7.2% month to date, while the S & P 500 and Nasdaq have fallen 0.6% and 2.2%, respectively, during that time. "I think for the month of August small caps can do something more than 15% even, because they underperformed so dramatically. And the type of move we've seen just the last two weeks is something that only happens at the start of a pretty significant advance for small caps."

Persons: Tom Lee, Russell, Lee, Donald Trump, Trump, we've Organizations: Fundstrat Global Advisors, Nasdaq, Trump White House, Nvidia

☆ Stocks are being routed as tech undergoes a re-rating. Here are the key drivers behind the shakeup
▼ + stars: | 2024-07-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The stock market is facing several issues: a tech re-rating, a slower economy, a seasonally weak period and an uncertain presidential outcome. Big cap tech is getting re-rated This is what happens when the market gets top-heavy in technology. Prices for megacap tech stocks have run up dramatically in hopes of outsized earnings. Regardless, investors have been re-rating tech stocks for many weeks now. Technology stocks have been toppy for some time.

Persons: Sundar Pichai, he'd, Goldman Sachs, Goldman, Matt Bartolini, Kamala Harris, Sam Stovall, Trump Organizations: Technology, Cloud Computing, Semiconductor, P Technology, X Social Media, Semiconductors, Micron, Qualcomm, Nvidia, Broadcom, SPDR, SPDR Americas Research, State, Trump, Democratic Locations: SPDR Americas

☆ Stock futures rise slightly as investors prepare for Fed’s preferred inflation gauge: Live updates
▼ + stars: | 2024-07-25 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Stock futures rose modestly on Thursday evening as the major averages head for weekly losses and investors anticipated a reading of the Federal Reserve's preferred inflation gauge. Futures tied to the Dow Jones Industrial Average advanced 42 points, or just over 0.1%. S&P 500 futures and Nasdaq 100 futures climbed about 0.1% each. The activity seemed to be part of a broader rotation into small caps and more cyclical areas of the market. ET, traders will watch for the June reading of the personal consumption expenditures report, an inflation reading that's preferred by central bank policymakers.

Persons: Kamala Harris, Dexcom, Adam Turnquist, Dow, Dow Jones Organizations: New York Stock Exchange, Federal, Dow Jones Industrial, Nasdaq, Dow, Bristol Myers Squibb, Colgate, Palmolive, 3M Locations: New York City, Stock, Michigan

☆ These stocks have strong balance sheets as broader market sells off
▼ + stars: | 2024-07-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Against this backdrop, Wolfe Research searched for stocks with a high free cash flow yield — that is, a comparison of a company's free cash flow to its market capitalization. Free cash flow refers to the amount of cash leftover after a company has paid its expenses. A higher free cash flow yield means the company is generating more cash, which it can then reinvest back into its business for further growth. With an estimated 2024 free cash flow yield of 5%, Lockheed Martin also made the list. IBM has an estimated 2024 free cash flow yield of 6%.

Persons: Wolfe, Wells, Daniel Politzer, Lockheed Martin, TD Cowen, Cai von Rumohr, Mills Organizations: Wolfe Research, Vegas Sands, Lockheed, Technology, Machines, IBM, Bank of America, Infrastructure, Consulting, Body, Delta Air Lines Locations: Macau, Bath

☆ 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

☆ Stock futures rise after S&P 500, Nasdaq post worst day since 2022: Live updates
▼ + stars: | 2024-07-24 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on July 24, 2024 in New York City. Stock futures rose Wednesday night after a sharp tech-driven sell-off dragged the Nasdaq Composite and the S&P 500 to their worst session since 2022. S&P 500 futures rose 0.2%, while Nasdaq 100 futures advanced 0.3%. In after-hours trading, Ford Motor shares tumbled about 10% after the company's second-quarter earnings came in much lower than analysts had expected. More than 25% of companies in the S&P 500 have reported their second-quarter earnings, according to FactSet data.

Persons: Chipotle, ServiceNow, Yung, Yu Ma, Ma Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Ford Motor, IBM, Nvidia, Microsoft, BMO Wealth Management, American Airlines, Northrop Grumman, Honeywell, Hasbro Locations: New York City, Stock

☆ BTIG says S&P 500 will be stuck in a range, but thinks these stocks can outperform
▼ + stars: | 2024-07-23 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The S & P 500 may be due for a pullback, but some individual names could be relative outperformers, according to BTIG. Last week, the S & P 500 dropped nearly 2% in its worst week since April as investors rotated out of megacap tech leaders and into smaller names. Jonathan Krinsky, chief market technician at BTIG, said in a Monday note that those choppy moves could continue from here. If we look at the calendar right now, that makes the most sense to us with a huge week on the macro and micro front next week," Krinsky wrote. "We think a consolidation this week in the 5450-5600 range is likely before the next meaningful move occurs," he said.

Persons: Jonathan Krinsky, Krinsky, Blackstone, AppFolio Organizations: Apollo Global Management, Blackstone, Garmin, Health, Globus Locations: BTIG

☆ These stocks with long track record of growing sales have a history of outperformance, Jefferies says
▼ + stars: | 2024-07-23 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

This report comes amid a strong year for the megacap tech stock's valuation, which is up about 31% compared to the start of 2024. Food chains Wingstop and Texas Roadhouse also both made the list. WING TXRH YTD mountain Wingstop and Texas Roadhouse, year to date Despite those jumps, Morgan Stanley analyst Brian Harbour warned that pressure on the lower-end customer can be a challenge for the industry. He listed Wingstop and Texas Roadhouse as part of a group that can win, but may see more limited upward revisions. The typical price target implies about 7% more upside for Wingstop and slightly more than 2% for Texas Roadhouse.

Persons: Jefferies, Baird, Colin Sebastian, Sebastian, LSEG, Morgan Stanley, Brian Harbour Organizations: Texas, Texas Roadhouse Locations: U.S, Texas

☆ Why we like this wait-and-see market — plus, our latest thinking on 3 portfolio names
▼ + stars: | 2024-07-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. One could say Wall Street is in wait-and-see mode ahead of earnings from the megacap tech stocks that start after the bell with Club holding Alphabet . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Dover, Baird, China –, Estee Lauder, Ike Perlmutter, Nelson Peltz, We're, Perlmutter, he's, Peltz, Jim Cramer's, Jim Organizations: CNBC, Marshall Excelsior Company, Clean Energy, Marshall Excelsior, Nike, Burberry, Richemont, Swatch, Disney, Street, Enphase, Texas Instruments, Chubb, Seagate, Vertiv, GE Vernova, Boston Scientific, Jim Cramer's Charitable Locations: Michigan, Dover, China, Europe, U.S, Japan, Asia, Enphase Energy

☆ Nasdaq futures fall after Alphabet, Tesla report earnings: Live updates
▼ + stars: | 2024-07-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on July 22, 2024. Nasdaq stock futures traded lower Tuesday night after megacap tech companies Alphabet and Tesla reported their second-quarter results. Futures tied to the tech-heavy Nasdaq 100 moved down 0.5%, while S&P 500 futures fell 0.4%. Shares of Google parent company Alphabet fell 1.7% in extending trading. Although Alphabet reported a top and bottom line beat, Youtube advertising revenue fell below the consensus estimate.

Persons: Tesla, Dan Greenhaus, Greenhaus, I've Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Google, Dow, Investors, Federal Reserve, Asset Management, Dynamics, Boston Locations: New York City

☆ Disney slides on concerns about its theme parks. That should not be a surprise
▼ + stars: | 2024-07-23 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The S & P 500 edged slightly higher Tuesday as investors awaited quarterly earnings releases after the close from influential tech companies. This follows CNBC-parent Comcast's quarterly earnings on Tuesday, which missed revenue estimates due to weakness in theme parks and film studios. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Danaher, that's, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Dow Jones, Google, YouTube, NFL, Walt Disney, Club, Disney

☆ BofA Securities' Savita Subramanian says there’s opportunity in this corner of the market that isn’t getting attention
▼ + stars: | 2024-07-23 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Bank of America's Savita Subramanian said investors are neglecting this one corner of the market with upside potential: "old school capex." Subramanian anticipates stocks can still go higher from here, on balance. Instead of big-cap tech, the strategist favors what she calls "old school capex," stocks that have yet to price in any gains from artificial intelligence, as well as from the nearshoring trend. "Our view is that there is probably more upside elsewhere in the market, which is why we like old school capex, and we don't think that's getting a lot of attention," Subramanian said. So, that's where we really see the strength in the market," Subramanian added.

Persons: America's Savita Subramanian, Subramanian, we've, CNBC's Organizations: America's

☆ S&P 500 futures are little changed as investors await key earnings reports: Live updates
▼ + stars: | 2024-07-22 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

S&P 500 futures are near flat Monday night, with traders readying for earnings reports from major companies after the benchmark posted its best day in more than a month. Futures tied to the broad index sat near their flatline, as did Nasdaq 100 futures . The S&P 500 rose more than 1% for its best session since early June, while the Dow ticked higher by 0.3%. The S&P 500 was led higher by the information technology and communication services sectors, which gained roughly 2% and 1.2%, respectively. "If we get that bullish inflation report, I think you could see another leg higher in small caps and the banks."

Persons: Russell, Larry Tentarelli, Tentarelli, Mattel Organizations: New York Stock Exchange, Dow Jones Industrial, Dow, Nasdaq, Big Tech, Federal Reserve, Blue, Motors, Comcast, UPS, Technology, CNBC

☆ S&P 500 futures tick higher Sunday night after worst week since April: Live updates
▼ + stars: | 2024-07-21 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

S&P 500 futures inched up Sunday night after the broad market index suffered its worst weekly losses since April last week as investors rotated out of megacap technology stocks for smaller names. Since Biden's disastrous debate performance in June, many analysts were seeing an increasing likelihood of a win by former President Donald Trump in November. There may be a small unwinding of the Trump trade on Monday as Vice President Harris is perceived to have a slightly better chance of winning," Hatfield said. Traders have been pricing in nearly a 93% likelihood of the Federal Reserve cutting interest rates during its September meeting. During the previous trading week, the S&P 500 and Nasdaq Composite fell nearly 2% and 3.7%, respectively, marking their biggest weekly losses since April.

Persons: Joe Biden, Kamala Harris, Donald Trump, Jay Hatfield, Biden, Trump, Harris, Hatfield, Russell Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Traders, Democratic, Infrastructure Capital Advisors, Federal Reserve, Dow, Verizon

☆ Alphabet earnings and 3 more things we're watching in the stock market next week
▼ + stars: | 2024-07-20 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

But in general, this is the kind of development we've hoped to see ever since Starbucks' massive earnings miss April 30. We'll take the nearly 7% pop in shares Friday and hope it's only the beginning of recovery for the beaten-up stock. Fed's fave inflation measure : The personal spending and income report will be the most closely watched economic report next week. Earnings : As the second-quarter earnings season picks up pace, we'll hear from five Club holdings next week including Google parent Alphabet . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Russell, Donald Trump, — Trump, Jim Cramer, Trump, Donald Trump's, Taiwan's TSMC, Joe Biden's, Biden, Biden's, he's, Elliott, we've, We'll, it's, we'll, Sartorius, Ford, Jim Farley, We're, Honeywell management's, —, Zions, BOK, Brown, BRO, Lockheed Martin, Philip Morris, Clark, Lamb, Edwards Lifesciences, DOV, Dr Pepper, CARR, Baker Hughes, Booz Allen Hamilton, Jim Cramer's, Jim Organizations: Federal Reserve, Nasdaq, Dow, Republican National Convention, GOP, Bloomberg Businessweek, Trump, Elliott Management, Starbucks, Street Journal, Technology, General Motors, Honeywell, Dover, Products Company, Verizon, Truist, SAP, Semiconductors, Crown Holdings, Cadence Design Systems, Medpace Holdings, AGNC Investment, Logitech International S.A, KKR Real Estate Finance Trust, Berkley Corp, Spotify Technology S.A, United Parcel Service, GE Aerospace, GE, Cola Company, Lockheed, Comcast, Polaris Industries, Philip Morris International, Company, HCA Healthcare, Moody's Corporation, Enphase Energy, Texas Instruments Incorporated, Chubb Corporation, Seagate Technology plc, Maine, Packaging Corporation of America, Weatherford International plc, Canadian National Railway Company, FTAI Aviation Ltd, Mattel, Vertiv Holdings Co, Lamb Weston Holdings, NextEra Energy, Tenet Healthcare, Fisher, GE Vernova, Boston Scientific Corporation, General Dynamics, Lennox International, Software Technologies, CME Group, Fortive Corporation, Co, Roper Technologies, Teck Resources Limited, Blackstone Mortgage Trust, Economico Mexicano S.A, Dominion Freight, Otis Worldwide Corporation, OTIS, Ford Motor Company, Grill, Business Machines, IBM, Viking Therapeutics, Las Vegas Sands Corp, Newmont, Whirlpool, Globe, WM, O'Reilly Automotive, Annaly Capital Management, Honeywell International, American Airlines Group, Hasbro, Southwest Airlines Co, New York Community Bancorp, RTX Corporation, AstraZeneca, Carrier Global Corporation, Integer Holdings Corporation, Valero Energy, Texas, Juniper Networks, Boston Beer Company, Physicians Realty Trust, Allison Transmission Holdings, Corp, Columbia Banking, Digital Realty Trust, Edison International, Myers Squibb, Charter Communications, 3M Company, Booz, Centene Corporation, AON, Barnes, Colgate, Palmolive, Jim Cramer's Charitable, CNBC, U.S Locations: U.S, Taiwan, FactSet, China, Dover, Cleveland, Alexandria, ZION, W.R, Freeport, Kimberly, Cal, Teck, Las, ORLY, New, Banc, Bristol, Milwaukee , Wisconsin

☆ After a volatile week for tech stocks, here are the top analyst calls on Nvidia, Netflix and more
▼ + stars: | 2024-07-19 | by ( Katrina Bishop | ) www.cnbc.com time to read: +1 min

Tech stocks continued to sell off on Thursday, as investors dumped more megacap tech names. The tech-heavy Nasdaq Composite lost 0.7% Thursday after suffering its worst session since 2022 the day before. Chip stocks drove much of the volatility, moving lower Wednesday on reports of tougher export restrictions from the U.S. Investor-favorites Nvidia and U.S.-listed shares of Taiwan Semiconductor sank more than 6% and nearly 8% during the session, respectively. It was also a big week for earnings, with Netflix reported earnings after the bell Thursday that beat estimates . In case you missed it, here's a round-up of all the top analyst calls on tech stocks from CNBC Pro this week: — CNBC's Arjun Kharpal and Alex Harring contributed to this report.

Persons: Donald Trump, —, Arjun Kharpal, Alex Harring, Thomas Trutschel Organizations: Nasdaq, U.S . Investor, Nvidia, U.S, Taiwan Semiconductor, Netflix, CNBC Pro, Photothek, Getty

☆ We're upgrading Eli Lilly after an overdone sell-off on competition fears
▼ + stars: | 2024-07-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Upgrading Lilly: Shares of Eli Lilly have been hit hard since making a new closing high on Monday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Eli Lilly, Roche, there's, Lilly, we'll, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Energy, Nvidia, Lilly, Novo Nordisk, Netflix, PPG Industries, American, Halliburton, Jim Cramer's Charitable Locations: Swiss

☆ Stanley Druckenmiller hits another home run in small caps after nailing the Nvidia trade
▼ + stars: | 2024-07-17 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Stanley Druckenmiller , still basking in his winning Nvidia bet, has hit another home run in this bull market. When Druckenmiller acquired the position in the first quarter, small caps were significantly underperforming their large-cap counterparts. Druckenmiller once managed George Soros' Quantum Fund and shot to fame after helping make a $10 billion bet against the British pound in 1992. After the stock soared from $150 to above $900, Druckenmiller slashed the stake. A lot of what we recognized has become recognized by the marketplace now," Druckenmiller said on CNBC at the time.

Persons: Stanley Druckenmiller, Druckenmiller, Russell, George Soros, bullish, We've Organizations: Nvidia, Duquesne Family Office, Investment, SEC, Quantum Fund, Duquesne Capital Management, CNBC

☆ Retail investors in AI stocks may get burned like they did in past bubbles, says Bank of America
▼ + stars: | 2024-07-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Investors may want to exercise some caution with this year's leading artificial intelligence stocks, according to Bank of America. The investing and ETF strategist anticipates some profit-taking in megacap technology stocks during the second half as investors become "impatient for an AI killer app" or more revenues. Stocks have rallied this year as investors mount bets on popular AI names such as Nvidia and megacap technology. "No one denies the computing power," Woodard wrote. This includes small-cap value stocks, utilities, energy and banks.

Persons: Jared Woodard, Stocks, Woodard Organizations: Bank of America, Nvidia Locations: India, Latin America

Stock price information reflected on a window at the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023. LONDON — European stocks closed lower Wednesday, continuing negative sentiment seen in the previous two trading sessions as technology stocks plummeted. The regional Stoxx 600 index provisionally closed 0.43% lower, with most major bourses in the region falling and sectors trading mixed. European tech stocks plunged 4.4%, mirroring a sell-off seen across the Atlantic, where the Nasdaq Composite retreated 2% in early deals. U.S. stocks were broadly lower as investors continued to rotate out of megacap tech stocks into the broader market.

Organizations: LONDON, Nasdaq Locations: Paris, France, U.S

☆ Small caps are the hottest trade going in the stock market right now and they're up again Tuesday
▼ + stars: | 2024-07-16 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Traders work on the floor of the New York Stock Exchange (NYSE) on July 11, 2024 in New York City. The Russell 2000 index , the benchmark for the group, hit its highest level since January 2022 on Monday. The iShares Russell 2000 ETF, which tracks the index, was up about 1% in premarket trading Tuesday. The ETF is up 9% over the last one month, nearly triple the gains in the S&P 500. Stock Chart Icon Stock chart icon Russell 2000Fundstrat's Tom Lee, who's been correctly calling the stock market for the past few years, said the rally in small caps could last for more than two months, seeing dramatic gains for this cohort.

Persons: Spencer Platt, Russell, Tom Lee, who's, Lee Organizations: New York Stock Exchange, Getty, Investment Locations: New York City

☆ This week's most overbought stocks include several real estate names and a regional bank
▼ + stars: | 2024-07-12 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Take a look at this week's overbought names. Pittsburgh-based regional bank PNC Financial is among the week's most overbought names with an RSI of around 73. PNC YTD mountain PNC in 2024 Several real estate investment trusts, or REITs, are also at risk of a slide following this week's rally. American Tower , Alexandria Real Estate Equities and BXP are this week's three most overbought stocks. Shares of American Tower and Alexandria Real Estate Equities gained 5.9% and 6.9%, while BXP climbed more than 8%.

Persons: BXP, Corning Organizations: Big Tech, Federal Reserve, Dow Jones, Depot, Caterpillar, CNBC Pro, Pittsburgh, PNC Financial, CPI, PNC, Alexandria Real, American, Management, Corning Locations: Big, Alexandria

But Mizuho expects things will play out differently, and instead raises its price target on the electric vehicle maker, citing challenges with its robotaxis. Morgan Stanley stands by Starbucks, keeping it at an overweight, but lowering its price target. Fong's $155 price target suggests shares can jump another 19.3% over Thursday's closing level, building on a year of monster gains. Analyst Doug Anmuth hiked the mega-cap technology stock's price target by $100 to $750, now implying 14.9% upside from Thursday's close. While he upped his price target by $50 to $197, that fresh target reflects a drop of 18.3%.

Persons: Morgan Stanley, Cody Acree, Acree, — Alex Harring, Jon Tower, Chipotle, Alex Harring, BTIG, Marvin Fong, Fong, Carvana, CarMax, Doug Anmuth, Anmuth, Anmuth's, that's, he's, Christina Cheddar Berk, Vijay Rakesh, Rakesh, Joseph Spak, Spak Organizations: CNBC, UBS, Starbucks, JPMorgan, Netflix, Nvidia, Citi, Harbour, Tesla, robotaxis, Bloomberg Locations: Thursday's, premarket, China

☆ 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

☆ 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

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