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☆ 'Sell in May and go away' is a catchy adage, but probably not a good idea
▼ + stars: | 2024-04-30 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

It's not just that it has been a down month (down 3.0% for the S & P 500, breaking a 5-month win streak). However, weaker does not mean down. The S & P, even in the weakest five months, was still up almost 2%. The bottom line: market timing is always a tricky affair. Many of these timing maxims could be trumped by an even better one: "It's time in the market that matters, not market timing."

Persons: It's, Nicholas Colas, Jeff Hirsch, it's Organizations: Dow, Stock Locations: It's, DataTrek

☆ Inside Calamos' 100% protection ETFs
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside Calamos' 100% protection ETFsMatt Kaufman, Calamos head of ETFs, joins CNBC’s Bob Pisani on ETF Edge to discuss the launch of the firm’s 12 new ETFs that offer a way to protect from downside risk.

Persons: Matt Kaufman, Calamos, Bob Pisani Organizations: Edge

☆ Corporate earnings solid so far, despite threats from a slowing economy and sticky inflation
▼ + stars: | 2024-04-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Valuations coming down So if earnings are up, why is the S & P off its highs? Today, a month later, 2024 earnings estimates are essentially the same but the multiple has declined to 20.8. The S & P 500 hit a low of 4,117 on Oct. 27 and only recovered when rates came down in early November. There are some big drags on earnings Some companies are seeing large declines in earnings estimates that are weighing on their sectors. When including this one-time item, the S & P 500 earnings growth rate for the first quarter declines to 5.6%, from 8.7%, LSEG has noted.

Persons: Goldman Sachs, JPMorgan Chase, Morgan Stanley, Christopher Suh, Stephen Squeri, Hess, Nick Raich, LSEG, Hal Lawton, Brian Niccol, CNBC's Kate Rogers, Horton, Paul Romanowski, Kimberly, Clark, Michael Hsu Organizations: Companies, Netflix, JPMorgan, GE Aerospace, Caterpillar, Microsoft, Merck, Ford, Waste Management, Royal, Consumer, American Express, Energy, Marathon Petroleum, Apache, Valero Energy, Oil, Occidental Petroleum, Devon Energy, ConocoPhillips, Exxon Mobil, Scout, Bristol Myers Squibb, Karuna Therapeutics, Boeing, Nvidia, Meta, AMD Locations: financials, industrials, Royal Caribbean, North America

☆ Watch now: ETF Edge on most of the good with none of the bad? Is 100% downside protection possible?
▼ + stars: | 2024-04-29 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

[The stream is slated to start at 1:00 PM ET. Please refresh the page if you do not see a player above at that time.] CNBC's ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants to offer educational and actionable advice to help you build your best portfolio.

Persons: Bob Pisani Organizations: Edge

☆ The IPO reopening is real. Just look at Rubrik, the first unicorn to go public in months
▼ + stars: | 2024-04-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Last night data security firm Rubrik priced 23.5 million shares at $32, above the price talk of 23 million shares at $28-$31, raising $752 million. Rubrik is the first tech unicorn IPO since last fall. Marex Group, a UK-based financial services company known for its global clearing business, priced 15.4 million shares at $19, the midpoint of the price talk of $18-$21, raising $292 million. Loar Holdings, which makes aerospace and defense components, priced 11 million shares at $28, above the range of $24-$26, raising $308 million. All eyes on Rubrik Rubrik is an important test of the tech IPO market.

Persons: Matt Kennedy, Rubrik, Kennedy, Ingram, Del Organizations: Marex, Nasdaq, Loar Holdings, New York Stock Exchange, Viking Holdings, Arm Holdings, Renaissance Capital, UL, Astera Labs, Forge, Companies, Ingram Micro, Epic Locations: Del Monte

☆ The world of investing in private companies
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe world of investing in private companiesBrett Winton, Ark Investment chief futurist, joins CNBC’s Bob Pisani to discuss the ARK Venture Fund, investing in private companies and the advantages it holds.

Persons: Brett Winton, Bob Pisani Organizations: Ark Investment, ARK Venture Fund

☆ Demand for private companies is high, but getting your hands on them is a big problem
▼ + stars: | 2024-04-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

If you have your heart set on investing in up-and-coming private companies, options exist, but are limited. Obviously, there is a strong desire to get into hot private market tech companies, even if at an irrational cost. The simplest way to do this would be to float an exchange traded fund, or ETF, that held these private shares. Forge Global launched the Forge Accuity Private Market Index, a market capitalization weighted index that tracks the performance of 60 late-stage venture-backed private companies like SpaceX and Epic Games. Bottom line: there is no easy way to access private shares.

Persons: Tech100, Cathie Wood, Howe Ng, Brett Winton Organizations: New York Stock Exchange, SpaceX, Klarna Bank, Tech100, ARKVX Venture, Forge Global, Epic Games, ARK Investment, Edge

☆ Watch now: ETF Edge on investing in private tech companies
▼ + stars: | 2024-04-22 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Persons: Bob Pisani Organizations: Edge

☆ IPO market continues to open up, market downdraft be damned, but higher rates loom
▼ + stars: | 2024-04-18 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

For proof that the market for initial public offerings continues to open up despite the downdraft in the market, just look at this week. This spring reopening, however, is threatened by the specter of higher interest rates. Why higher interest rates hurt IPOs The major headwind: higher for longer interest rates. technology) are more sensitive to a change in interest rates, because their cash flow projections are further out. Still, most admit higher rates make it more difficult to get investors excited about IPOs.

Persons: Ibotta, Rubrik, Matt Kennedy, IPOs, That's, Kennedy, Santosh Rao Organizations: Centuri Holdings, Southwest Gas Holdings, UL Solutions, Group, Renaissance Capital, Loar Holdings, Manhattan Venture Partners

☆ Bob Pisani: My ambition has always been to help you become a better investor
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBob Pisani: My ambition has always been to help you become a better investor"You can shape your own future and your own destiny." CNBC Senior Markets Correspondent Bob Pisani shares what ambition means to him.

Persons: Bob Pisani Organizations: CNBC

☆ Higher for longer rates may mean lower for longer stock multiples, and stock prices
▼ + stars: | 2024-04-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Earnings estimates did not suddenly rise dramatically. Earnings estimates for the S & P 500 this year is $243, according to LSEG. The multiple is an expression of how much investors are willing to pay for, say, $1 of future earnings. The market is saying it is willing to pay $10 for $1 in future earnings. And if that happens, earnings estimates will decline along with the multiple.

Persons: Jack Bogle, Bogle, depresses, that's Organizations: Vanguard, Funds

☆ VanEck CEO on the reflation trade and how investors can navigate this uncertain environment
▼ + stars: | 2024-04-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVanEck CEO on the reflation trade and how investors can navigate this uncertain environmentJan Van Eck, VanEck Associates CEO, joins CNBC's Bob Pisani on 'ETF Edge' to discuss the reflation trade, how investors can position during this uncertain time, and assess VanEck's latest ETF products.

Persons: Jan Van Eck, Bob Pisani Organizations: VanEck

☆ Watch now: ETF Edge on how Middle East concerns, inflation & reflation has commodities on the move
▼ + stars: | 2024-04-15 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Persons: Bob Pisani Organizations: Edge

☆ As bank earnings come out, here are the red flags to watch out for this season
▼ + stars: | 2024-04-12 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

For example, we now have a higher interest rate environment that will add more pressure on deposit costs. There is anticipation of more builds for reserves, particularly for commercial real estate, but also possibly for credit cards. The commercial real estate problem is the main issue. "Anything that's levered like commercial real estate, it's a different world," Tom Michaud, CEO of Keefe, Bruyette & Woods, said in a recent interview on FactSet. "I expect more commercial real estate losses in every category, the question is whether it is going to be cataclysmic or is it going to be manageable."

Persons: Financials, Banks, Morgan Stanley, Wells, Wells Fargo, it's, Tom Michaud, Keefe, Woods Organizations: UBS, Credit Suisse, Bank of America, JPMorgan, Federal Reserve, First Republic, Regional Bank ETF, Bank, Allstate, Travelers Locations: Wells Fargo, Treasurys, Hartford

☆ Winners and losers now that the reflation trade is back. Who does well and who struggles
▼ + stars: | 2024-04-11 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

To see the impact of higher inflation and higher interest rates on companies, just look at the earnings release for CarMax this morning. For example, higher rates are generally bad for REITs beause REITs rely on debt financing. Higher rates also mean increased borrowing costs for utilities, which carry a lot of debt because they use a lot of capital. The problem is, energy and material stocks have already been rising due to higher oil and a still strong economy. Other potential beneficiaries of higher rates with a strong economy are defensive stocks, which tend to be less interest rate sensitive, like Kroger or Walmart .

Organizations: Energy, Communication, Kroger, Walmart Locations: Meta

☆ There are green shoots appearing in the IPO market. Here are the stocks to watch going public soon
▼ + stars: | 2024-04-10 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Two months ago, I wrote a story entitled, "The IPO market is looking very shaky and facing challenges galore." Two months later, the IPO market is still shaky, but there are definite signs of improvement. Second, three $100 million IPOs have filed to go public in the past week, including Viking (the cruise line operator) and Rubrik, a data management platform. Greg Martin at Rainmaker Securities told me that the recent performance of Reddit and Astera Labs, "Were nice shots in the arm for the IPO market. Even with markets at new highs, the specter of interest rates creeping up is still hanging over the IPO market.

Persons: Matt Kennedy, Reddit, Greg Martin, Ibotta, Ingram, Del, Viking, Howe Ng, I'm, Martin, Rainmaker, Santosh Rao Organizations: IPOs, Viking, Renaissance Capital, Astera Labs, Rainmaker Securities, NYSE, UL Solutions, Underwriters Laboratories, Nursing, Centuri Holdings, Labs, Companies, Ingram Micro, Epic, Manhattan Venture Partners Locations: IPOs, Del Monte

☆ Bob Pisani: Ambition Is The Ability To See Yourself In The Future
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBob Pisani: Ambition Is The Ability To See Yourself In The Future"CNBC viewers are very ambitious and at CNBC we are in the dreams business." CNBC Senior Markets Correspondent Bob Pisani shares what ambition means to him.

Persons: Bob Pisani Organizations: CNBC

☆ Watch now: ETF Edge on gold funds beating stocks & bonds... but why?
▼ + stars: | 2024-04-08 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Persons: Bob Pisani Organizations: Edge

☆ State Street's George Milling-Stanley on the booming trade in gold ETFs
▼ + stars: | 2024-04-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailState Street's George Milling-Stanley on the booming trade in gold ETFsGeorge Milling-Stanley, chief gold strategist at State Street Global Advisors, sits down with CNBC's Bob Pisani on the 'Halftime Report: ETF Edge' to discuss where gold is headed from here, who's buying into the commodity, and more.

Persons: George Milling, Stanley, CNBC's Bob Pisani Organizations: George Milling, State Street Global Advisors

☆ Behind this week's selloff and what could cause it to turn into a full-blown correction
▼ + stars: | 2024-04-05 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Despite Thursday's declines, the S & P 500 is only 2% from last week's record highs. The surprise isn't that the S & P 500 dropped Thursday. .SPX 6M mountain S & P 500, 6 months First-quarter earnings estimates for the S & P 500 have slipped to an expected gain of 5.1%, down from an anticipated increase of 7.2% on Jan. 1, according to LSEG. Since earnings are what ultimately moves stocks, the question is not "What would cause a modest 2% to 5% decline?" To do that, market participants would need to believe that earnings estimates were off significantly.

Persons: Daniel Kahneman, Joe Biden, Benjamin Netanyahu, Israel, Neel Kashkari, it's, John Butters, Charles Schwab Organizations: Economic Sciences, Israel's, Federal Reserve Bank of, FactSet Locations: Gaza, Iran, Federal Reserve Bank of Minneapolis

☆ SEC Chair Gary Gensler signals that disclosure will be a key issue in the year ahead
▼ + stars: | 2024-04-02 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The event allows the SEC to get its main messages across, and this year a key issue is "disclosure." Besides Gensler, all the SEC division heads and senior staff will be speaking. and then monitors Corporate America (investment advisers, investment companies, broker-dealers, etc.) This is all governed by the Investment Company Act of 1940 and the Investment Advisers Act of 1940. There's a division of investment management that monitors all the investment companies (that includes mutual funds, money market funds, closed-end funds, and ETFs) and investment advisers.

Persons: Gary Gensler, Drew Angerer, Gensler, There's, We'll Organizations: . Securities, Exchange, Capitol, SEC, Securities and Exchange Commission, Practicing Law Institute, Gensler, Securities, Investment, America, Corporate America, Mutual Locations: Washington ,, United States, There's, U.S

☆ Watch now: ETF Edge on bonds... they still have an edge in '24 but how long will it last?
▼ + stars: | 2024-04-01 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Persons: Bob Pisani Organizations: Edge

☆ Bondbloxx co-founder on why intermediate treasurys are the place to be
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBondbloxx co-founder on why intermediate treasurys are the place to beJoanna Gallegos, BondBloxx Investment Management co-founder, joins CNBC's Bob Pisani on 'Halftime Report' to discuss if four or five-year Treasurys are the new rage and if they will stick around for the rest of the year.

Persons: Joanna Gallegos, Bob Pisani Organizations: BondBloxx Investment Management

☆ Hedging when "momentum... begets more momentum"
▼ + stars: | 2024-03-28 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHedging when "momentum... begets more momentum"We are ending the first quarter with the S&P up around 10% and up around 25% in the last 5 months. But that's with concentration increasing commensurately. How to hedge now.

☆ Watch now: ETF Edge on re-defining "active" with Goldman Sachs' ETF Accelerator
▼ + stars: | 2024-03-28 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Persons: Bob Pisani Organizations: Edge

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