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☆ Goldman tells clients to buy calls on Wells Fargo ahead of results Friday
▼ + stars: | 2024-07-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Investors should take a look at the options market to bet on the long-awaited rebound of Wells Fargo , according to the derivatives research team at Goldman Sachs. John Marshall, the firm's head of derivatives research, said in a note to clients that Wells Fargo looks like an options trade candidate ahead of its earnings report. Wells Fargo is set to release its latest earnings before the bell on Friday. WFC 5Y mountain Wells Fargo is off to a strong start in 2024 after a long period of underperformance. Wells Fargo has been a long-term underperformer among bank stocks, and it is still under regulatory restrictions related to a fake accounts scandal under a previous CEO.

Persons: Goldman Sachs, John Marshall, Wells, Goldman, Richard Ramsden, Richard, Wells Fargo, Marshall, NII, — CNBC's Michael Bloom Locations: Wells Fargo, Wells, underperformance, 2H24

☆ 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

☆ Here's where the jobs are for June — in one chart
▼ + stars: | 2024-07-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Health care and social assistance added 82,400 jobs, while government increased by 70,000 positions. The breakdown of the June jobs report suggests that growth has become increasingly uneven as the labor market shows signs of softening. Health care and social assistance have been a key component of the labor market recovery since the pandemic. Meanwhile, education accounted for 17,200 of the jobs added in the government sector. Both state and local governments added jobs outside of education, as well.

Persons: nonfarm payrolls, Jeffrey Roach, payrolls, Roach Organizations: Labor Department, LPL

☆ One of the biggest bears in this bull market is leaving JPMorgan
▼ + stars: | 2024-07-03 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

A top strategist at JPMorgan who was caught offside by the stock market rally is quitting the investment firm. Marko Kolanovic, who served as chief global markets strategist and co-head of global research, is leaving the bank to explore other opportunities, according to a source familiar with the internal announcement. In his place, Hussein Malik will become the sole head of global research, and Dubravko Lakos-Bujas will serve as chief markets strategist. Kolanovic rose to prominence among market watchers for correctly predicting a stock market rebound in the middle of the Covid-19 pandemic. JPMorgan's current year-end prediction for the S&P 500 is 4,200, while no other major firm in the CNBC Market Strategist Survey is below 5,200.

Persons: Marko Kolanovic, Hussein Malik, Dubravko, Kolanovic Organizations: JPMorgan, CNBC Market, ., Bloomberg News

☆ Fed to cut rates three times by year-end, Lazard market strategist Temple says
▼ + stars: | 2024-07-02 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

A weakening economy may help push the Federal Reserve to make more rate cuts this year than the market is currently expecting, according to Lazard. The firm's chief market strategist Ronald Temple said in a second-half outlook that his base case is for the Fed to start cutting interest rates in September, with two additional cuts later in the year. Temple's base case is more aggressive on rate cuts than the current market view. However, Temple says the Fed will be able to lean on the economic data to make a move. Temple did caution that Fed rate cuts may not end up significantly lowering long-term interest rates, which could be bad news for prospective homeowners waiting for mortgage rates to drop.

Persons: Lazard, Ronald Temple, Temple, Jerome Powell, CNBC's Sara Eisen Organizations: Federal Reserve, Fed, U.S

☆ Fast-growing buffer funds could help investors hedge election risks
▼ + stars: | 2024-07-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

These ETFs, often called "buffer funds," use options to give investors downside protection in exchange for giving up potential upside. The funds come with different time horizons, and new funds are launching or resetting every month, so there are several options for investors to buy now and protect themselves through the November election. Many of the ETFs offer something in the range of 10% to 30% downside protection and are often called buffer funds. Other products that offer 100% downside protection — in exchange for smaller upside — are sometimes marketed as "principal protection funds." Jim Saulnier, a CFP and founder of Jim Saulnier & Associates in Fort Collins, Colorado, said his clients use both the buffer funds and the 100% downside protection funds.

Persons: Bruce Bond, Matt Kaufman, Jim Saulnier, Saulnier, Bond, there's, Matt Thompson, Thompson, Kaufman Organizations: U.S, JPMorgan, Capital Management, Calamos Investments, Jim Saulnier & Associates, Little Harbor Advisors Locations: Fort Collins , Colorado, iShares

☆ These parts of the stock market are already priced for recession, Northwestern CIO says
▼ + stars: | 2024-06-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

"The world has been talking about a recession for the better part of two years, and people have been investing that way," Schutte said. Schutte said that the price-to-cash flow ratio for the S & P Small Cap 600 index already looks like it typically does at the end of recessions. The S & P 500 is up 14.5% year to date, while the Russell 2000 small cap index is higher by just 1%. The S & P 600 Small Cap index is actually down by almost 2% on the year. .RUT YTD mountain Small cap stocks are lagging behind their larger counterparts.

Persons: Brent Schutte, Schutte, Russell Organizations: Northwestern Mutual Wealth Management, CNBC, Northwestern, University of Chicago Booth School, Businesss, Federal Reserve, Nvidia, Microsoft Locations: U.S

☆ Buy these cheap quality stocks for the third quarter, says Piper Sandler
▼ + stars: | 2024-06-28 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Investors should look for companies in the third quarter that are on solid ground, both in their fundamental business and their stock price, according to Piper Sandler. The firm's yardsticks for quality fundamentals include free cash flow yield and positive earnings revisions. Piper Sandler's macro select model includes some of the big tech companies that have outperformed in recent years, in part due to their combination of solid balance sheets and strong growth. Two other stocks on the list with momentum are Chipotle Mexican Grill and Wingstop , up roughly 37% and 66%, respectively, in 2024. The company said in its first-quarter report that cash was up and debt was down compared with the same period a year ago.

Persons: Piper Sandler, Michael Kantrowitz Organizations: Nvidia, Microsoft, Google, Netflix, AMC Networks, Academy Sports Locations: Mexican

☆ Chart analysts say 'something is not right' with stock market, grow increasingly worried
▼ + stars: | 2024-06-27 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The S & P 500 and Nasdaq Composite have rallied during the second quarter and are currently within 1% of their record highs. "It's great to see S & P and Nasdaq make new highs, but clearly something is not right if key barometers for risk are rolling over," Ginsberg wrote. There doesn't even seem to be a consensus among the biggest names in the stock market. These latest signs of weakness are part of the long-standing worry about the lack of market breadth . RSP YTD mountain The equal-weight S & P 500 is headed for a losing second quarter.

Persons: Wolfe, Rob Ginsberg, Russell, Ginsberg, Jonathan Krinsky, Krinsky, — CNBC's Michael Bloom Organizations: Nasdaq, Wolfe Research, Nvidia, Microsoft, Apple, Big Tech, RSP, Bears

☆ Stocks making the biggest move premarket: SolarEdge, Pool Corp, Disney and more
▼ + stars: | 2024-06-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Here are the stocks making headlines before Wall Street's opening bell on Tuesday. SolarEdge Technologies — The green energy stock fell more than 17% after announcing a new debt offering. SolarEdge said it will offer $300 million worth of convertible notes, due 2029. Pool Corp — Shares sank 12.4% after the wholesale pool supplies distributor revised full-year earnings guidance postmarket Monday. Enerpac Tool Group — The industrial supplies stock fell more than 9% after reporting sales declined year over year in the fiscal third quarter.

Persons: Wall, SolarEdge, Raymond James, Walt Disney — Goldman Sachs, —, Alex Harring, Michelle Fox Theobald, Sarah Min Organizations: SolarEdge Technologies, Leslie's Inc, JPMorgan, Penn Entertainment, Disney, Microsoft, Xbox, Airbus — Locations: Singapore, France

☆ Nvidia made chart history that could mark the stock’s top, says BTIG
▼ + stars: | 2024-06-24 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Nvidia 's furious rally is breaking new ground in stock chart analysis that even the dot-com bubble couldn't pull off, according to BTIG. "NVDA recently traded ~100% above its 200 DMA. In other words, NVDA is in a league of its own," the note said. To make another parallel to the dot-com bubble, Cisco also briefly passed Microsoft in market cap in March of 2000, according to Krinsky. Shares of Nvidia are now up more than 150% year to date, and its market cap is still over $3 trillion despite a Friday slump.

Persons: Jonathan Krinsky, NVDA, — CNBC's Michael Bloom Organizations: Nvidia, Cisco, Microsoft Locations: U.S

☆ Election hedging is causing a 'kink' in the volatility market
▼ + stars: | 2024-06-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Traders are gearing up for an increase in volatility around the November elections in the United States, according to one market indicator. Stacey Gilbert, CIO of Glenmede Investment Management, said that the futures market for the Cboe Volatility Index is showing a distortion around the November election. Vix futures are basically a way to bet on or hedge against where the index will be trading at the time of expiration. The expectation for volatility around this election is pretty sizable," Gilbert said. "It would stand to reason that the Vix, or volatility in general, would increase around then," he added.

Persons: Stacey Gilbert, Gilbert, Donald Trump, Joe Biden, Ed Clissold, Ned Davis, it's, Clissold Organizations: Glenmede Investment Management, Republican, Democratic, Bank of America, Ned, Ned Davis Research, Republicans Locations: United States, U.S

☆ Nvidia tops the individual stock market values of Germany, France and the UK
▼ + stars: | 2024-06-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Nvidia 's furious rally to become the king of the megacap stocks has also put it above the entire stock market value of some of the world's largest economies. On Tuesday, Nvidia surpassed $3.3 trillion in market capitalization, moving it ahead of Microsoft as the biggest stock in the U.S. But its market cap had already raced ahead of the cumulative value for entire stock markets in Germany, France and the United Kingdom, measured individually and in U.S. dollars. Only India, Japan, China and the U.S. have stock markets bigger than Nvidia alone, according to Deutsche Bank. The rally has also fueled concerns about the concentration of the U.S. stock market in just a few technology names.

Persons: Warren Buffett's Berkshire Hathaway Organizations: Nvidia, Microsoft, Deutsche Bank, U.S, Apple Locations: U.S, Germany, France, United Kingdom, India, Japan, China, OpenAI

☆ These new high yield bond funds are hitting the market as interest rates start to fall
▼ + stars: | 2024-06-18 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

The managers for the fund also helm the BlackRock High Yield mutual fund, which has a four-star rating from Morningstar and a yield of roughly 6.5%. Other recent launches include the John Hancock High Yield ETF (JHHY) , an Invesco BulletShares 2032 High Yield Corp. ETF (BSJW) , and the AB Short Duration High Yield ETF (SYFI) , which was a conversion from a mutual fund. The new products come as the next steps for high yield debt are unclear. High yield investors say that the sector is still on solid ground, at least for now. Four of the five biggest broad-based high yield bond ETFs have seen inflows over the past month, according to FactSet.

Persons: Jay Jacobs, John Hancock, Michael Schlembach, Schlembach, AJ Rivers, Rivers Organizations: Morningstar, BlackRock, John, Yield Corp, Treasury, Federal Reserve, Marathon Asset Management Locations: BlackRock, U.S

☆ Nvidia to get 20% weighting and billions in investor demand, while Apple demoted in major tech fund
▼ + stars: | 2024-06-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Nvidia 's blistering rally will force a major technology exchange-traded fund to acquire more than $10 billion worth of shares of the chip giant while cutting dramatically back on Apple . The index that the Technology Select Sector SPDR Fund (XLK) follows will soon rebalance, based on an adjusted market cap value from Friday's close. As a result, Microsoft and Nvidia will likely have a weight of around 21%, while Apple will fall sharply to about 4.5%, Bartolini said. That is a change from the prior weightings, which saw Nvidia's weight be kept artificially low by index rules. As of June 14, Microsoft and Apple were both at about 22% each in the fund, while Nvidia was just 6%.

Persons: Matthew Bartolini, Bartolini Organizations: Nvidia Corporation, Nvidia, Apple, Microsoft, SPDR, SPDR Americas Research Locations: Taipei, Taiwan, SPDR Americas

☆ The stock market has never been this divided before, by one measure
▼ + stars: | 2024-06-17 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The divergence between the broader stock market and a handful of massive technology companies continues to hit new milestones. Excitement around artificial intelligence has led to several tech stocks becoming dominant weights in the S & P 500. In the equal-weighted S & P 500, each company has the same influence on the index. Over the last 12 months, the SPDR S & P 500 Trust (SPY) is up 23.5%, while the Invesco S & P 500 Equal Weight ETF (RSP) is higher by just 10%. RSP 1Y mountain Equal weighted measures of the S & P 500, like the RSP, are underperforming the index itself.

Persons: Jonathan Krinsky, that's, Krinsky Organizations: Microsoft, Apple, Nvidia, RSP, Bulls

☆ These stocks are an AI model's biggest upside picks after a week of mild economic data
▼ + stars: | 2024-06-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The iFi AI model, powered by IBM's Watsonx, was still projecting big upside for bitcoin miner Marathon Digital as of Friday morning. The stock was also near the top of iFi AI's projections for 30-day returns on screens earlier in June. The AI model uses a variety of inputs, including fundamental data, technical analysis and company news, to make its predictions. Here are some of the model's biggest upside plays after a week of downward-trending inflation data and sliding Treasury yields. Ron Insana, CNBC senior analyst and commentator, is the CEO of iFi AI, which launched in March .

Persons: IBM's Watsonx, Ron Insana Organizations: Marathon, Group, homebuilder, Palo Alto Networks, Palo Alto's, CNBC Locations: Marathon, Carvana, Palo

☆ Friday's trading could trigger a $10 billion rush of demand for Nvidia shares. Here's how
▼ + stars: | 2024-06-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

At stake is one of the top two spots in the Technology Select Sector SPDR Fund (XLK) , whose June rebalance is based on market cap values as of Friday's close. The market caps of Microsoft, Apple and Nvidia were all within $100 billion of each other as of Thursday's close, according to a FactSet calculation. This type of big shift in an index fund is unusual, but not unprecedented. The fund tracks an index from S & P Dow Jones Indices that uses weighting caps to keep the index in bounds. Depending on how many shares of Nvidia are required, it might cause a short-term spike in the name," Bajaj said.

Persons: Dow, Dow Jones, Matthew Bartolini, Bartolini, Mohit Bajaj, SPDR, Bajaj, Todd Sohn, — CNBC's Michael Bloom Organizations: Nvidia, Technology, Apple, Microsoft, Dow Jones, Dow Jones Indices, UBS, SPDR, Amazon, Trading, WallachBeth, Bajaj, Street Global Advisors, NYSE Technology Locations: U.S, SPDR Americas, rebalancing

☆ These are the stocks that short sellers are betting against even as the market rallies
▼ + stars: | 2024-06-13 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Hedge funds and other short sellers are betting against plenty of stocks even as the market sets new record highs. Many short sellers have pulled back since the start of the meme stock craze, but the practice of betting against stocks is still around. But with interest rates falling and stocks broadly climbing this week, those targeted stocks could be candidates for a so-called short squeeze. In certain cases, this can create a feedback loop where the extra buying pressure forces other short sellers to do the same. That performance could make them more likely to have a short squeeze in the near term, though the exact financial position of those short sellers is unknown.

Persons: Citron Research, Nick Wells Organizations: Arbor Realty Trust, Medical Properties Trust, Federal Reserve, Comstock Resources, Madrigal Pharmaceuticals, GameStop Locations: Arbor, U.S

☆ California pension fund opposes 'ridiculous' Elon Musk pay package at Tesla
▼ + stars: | 2024-06-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

This pay package is ridiculous," Ailman said on " Squawk on the Street ." The vote this week is to effectively reinstate a 2018 pay package that was struck down by a judge in January. California State Teachers' Retirement System Chief Investment Officer Chris Ailman said the fund opposed the pay package previously and will do so again. The head of a massive California pension fund told CNBC on Monday that he is voting against the revised pay package for Tesla CEO Elon Musk. The billionaire has indicated that he might focus more on his other projects if the Tesla pay package is rejected.

Persons: Elon Musk, Tesla, Porte, Ailman, Chris Ailman, CalSTRS, Musk Organizations: Viva Technology, Porte de, California State Teachers, CNBC, Tesla, SpaceX Locations: Paris, France, California, Tesla, Texas

☆ This AI model sees big upside for Carvana and Meta Platforms in the next month
▼ + stars: | 2024-06-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

IFi AI is an investment firm that uses IBM's Watsonx to help make projections about the short-term directions of stocks. The stocks below are the highest upside stocks for the next 30 days in iFi's top confidence category that have a market cap of at least $2 billion. The bitcoin miner hasn't popped yet, with shares down about 1% month to date, but iFi still sees upside of nearly 40%. META YTD mountain Shares of Meta Platforms are below their all-time high reached in April. CNBC senior analyst and commentator Ron Insana is the CEO of iFi AI, which launched in March .

Persons: hasn't, iFi, PVH, Ron Insana Organizations: Oil, ConocoPhillips, Marathon, Holdings, CNBC

☆ How recent elections are shaking up investments in emerging markets like India and Mexico
▼ + stars: | 2024-06-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

Emerging markets investors have had a bumpy week after surprising election results seem to have caught at least some traders off guard. Between now and Nov. 5 are almost all negative potential risks in Mexico," Joshi added. Elsewhere in the world There are other lingering political issues that could affect emerging market investing. And for investors in broad emerging markets funds, even positive developments in some of these countries can be overshadowed by what happens in China. "It's a very large weight so it's going to drive the emerging market index quite a bit.

Persons: Narendra Modi, Modi, Aastha Gudwani, Angus Shillington, Shillington, Adam Turnquist, We've, Turnquist, Claudia Sheinbaum, Andres Manual Lopez, Morgan Stanley's Nikolaj Lippmann, Arif Joshi, Joshi, Sheinbaum, Lopez, Claudia, Polina Kurdyavko, Javier Milei, Alejandra Grindal, Ned Davis, Grindal, — CNBC's Michael Bloom Organizations: Indian, Bank of America India, CNBC, LPL, Lazard Asset, RBC Global Asset Management, Ned, Ned Davis Research, Federal Reserve Locations: India, Mexico, South Asia, VanEck, U.S, Morena, South Africa, Argentina, China

☆ This Fidelity portfolio manager says Nvidia has a 'huge moat' and can keep rallying
▼ + stars: | 2024-06-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Nvidia 's stock still has plenty of upside ahead of it even after the chip giant's market cap crossed $3 trillion , according to a highly rated portfolio manager. Adam Benjamin, a research analyst and portfolio manager at Fidelity Investments, told CNBC on Thursday that the artificial intelligence boom still has plenty of room to grow and that Nvidia remains in a strong position. Nvidia was the top holding in the Fidelity Select Technology Portfolio (FSPTX) as of April 30. "I know people like to talk about this as a chip company … but this is really a full infrastructure and compute and services company," Benjamin said. Other top holdings in Benjamin's Fidelity fund as of April 30 include Microsoft and Apple .

Persons: Adam Benjamin, Benjamin, Berkshire Hathaway's Warren Buffett, Morningstar Organizations: Nvidia, Fidelity Investments, CNBC, Wall, Berkshire, Fidelity, Technology, Morningstar, Microsoft, Apple

☆ Goldman has two short-term trade ideas for clients on major stocks Tesla and Apple
▼ + stars: | 2024-06-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Investors looking to bet on another rally for major tech stocks should take a look at some options trades that are curiously cheap, according to Goldman Sachs. The "Magnificent Seven" was the key to the stock market rally last year, but the group has splintered a bit in recent months. For example, investors have had a hard time betting on Tesla , which is down nearly 30% in 2024. "We see the potential for more volatility over the next two months than is priced into TSLA options. The strategy works by picking a strike price, typically above the current stock price, and expiration date.

Persons: Goldman Sachs, John Marshall, Elon Musk's, Goldman, Michael Ng Organizations: Tesla, Apple, Worldwide

☆ CEOs of General Motors, Salesforce among corporate insiders selling stock last month
▼ + stars: | 2024-06-03 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Barra sold more than $27 million worth of stock on May 28, joining several other GM insiders who have done similar trades this year. Meanwhile, Benioff sold more than $12 million worth of shares over the course of several days. Salesforce CEO Benioff sold 45,000 shares at an average price of $270.70 for a total of $12.18 million. The biggest move came from two insiders at a small investment firm — Oxford Lane Capital — who combined to buy $50 million worth of the stock. Claros Mortgage CEO Richard Mack bought 160,000 shares at an average price of $7.20 for a total of $1.15 million.

Persons: Mary Barra, Marc Benioff, Barra, Benioff, execs, Verity, Salesforce's, General Motors CEO Barra, Anthony Casalena, Brice Hill, Gerald Morgan, Cameron Breitner, Jonathan Cohen, Saul Rosenthal, Joseph Adams Jr, John Rakolta Jr, Richard Mack, —, Nick Wells Organizations: VerityData, General Motors CEO, Texas, Lane Capital —, Capital Partners, Oxford Lane Capital, FTAI Aviation, Petco, Wellness, Claros Locations: 10b5

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