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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt would be very difficult for the Fed to hike rates, says New York Life Investment's Lauren GoodwinNew York Life Investment's Lauren Goodwin and Invesco's Brian Levitt join 'Closing Bell' to discuss the market mentality and sentiment.
Persons: Investment's Lauren Goodwin, Brian Levitt Organizations: Fed, York
As the price of gold hits new all-time highs and silver rallies to a multi-year high, Bank of America has identified four exchange-traded funds (ETFs) that offer attractive exposure to precious metals. The top-rated ETFs include abrdn Physical Silver Shares ETF (ticker SIVR), iShares Silver Trust (SLV), Invesco DB Precious Metals Fund (DBP) and abrdn Physical Precious Metals Basket Shares ETF (GLTR). Bank of America rated all four ETFs "more attractive" in comparison to other ETFs with similar assets. These funds reflect baskets of physical precious metals, with varying allocations to silver, gold, palladium, and platinum. abrdn Physical Silver Shares ETF SIVR is the cheapest silver fund in Bank of America's coverage, with a total expense ratio of 0.50%.
Persons: Jared Woodard, SLV, Michael Bloom Organizations: Bank of America, Precious Metals Fund, Bank of, Treasury, Bank, Precious Metals Locations: BofA
A collection of travel-related stocks will likely be key beneficiaries as warm summer months arrive and as consumers start to go off on beach and mountain vacations. Shares of casino operator Las Vegas Sands have fallen 8.5% so far in 2024. LVS YTD mountain Las Vegas Sands stock. Umansky also lauded Las Vegas Sands' generation of free cash flow that can be used to buy back stock. VAC YTD mountain Marriott stock.
Persons: Vitaly Umansky, Umansky, Wall, FactSet, Aaron Hecht, Ryan Lambert Organizations: Entertainment, Vegas Sands, CNBC, FactSet, Seaport Securities, Sands, Marriott, JMP Securities, Hilton, JPMorgan, Madison Square Garden Sports Locations: Macao, Singapore, Vegas, Madison
That said, there are still some opportunities to buy AI stocks on the cheap. The stock's current forward price-to-earnings multiple at 20.1 is only slightly below its five-year average of 21.20. It is also cheap — the stock's current forward price-to-earnings multiple at 150.08 is significantly below its five-year average of 761.17. The stock is also trading at a discount to its five-year average, with a forward price-to-earnings ratio of 16. Other favored AI plays that meet the aforementioned criteria include Equinix , Adobe and Western Digital Corp .
Persons: Wall, Morgan Stanley, Snowflake, Tyler Radke, Joseph Moore, FactSet Organizations: Nvidia, Nasdaq, Dow Jones, CNBC Pro, Meta, Facebook, Citi Research, Micron Technology, Micron, Adobe, Western Digital Corp
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRate cuts will provide 'positive momentum,' says Invest's Kristina HooperStephanie Link, Hightower Advisors chief investment strategist and CNBC contributor, and Kristina Hooper, Invesco chief global market, join 'Closing Bell' to discuss their outlooks on rate cuts, stock performance, the economy, and more.
Persons: Invest's Kristina Hooper Stephanie Link, Hightower, Kristina Hooper Organizations: Hightower Advisors, CNBC
Coinbase is poised to benefit from U.S. spot ether exchange-traded funds, if they are approved, according to JMP Securities. The turnaround sent ether soaring more than 20% to start the week. ETH.CM= 5D mountain Ether 5-day chart JMP's Devin Ryan said in a note Wednesday that Coinbase could see benefits to its transaction, custody and staking businesses as a result of the introduction of ether ETFs. He also said an ether ETF approval does not necessarily signal a blessing by the SEC of the broader crypto asset class, or even comfort around all ETH use cases, such as staking. JMP has an outperform rating on Coinbase and a price target of $320, implying nearly 42% upside from Tuesday's close.
Persons: Coinbase, Devin Ryan, Ryan, JMP Organizations: JMP Securities, U.S . Securities, Exchange Commission, SEC, Fidelity, Management Locations: Base, BlackRock
Cryptocurrencies rose Tuesday amid a late surge in optimism around the U.S. Securities and Exchange Commission's decisions on spot ether exchange-traded funds applications, the first of which is due this week. Ether led the rally, rising 9% to $3,680.98, according to Coin Metrics. Investors are reconsidering the probability that the SEC greenlights spot ether ETF applications amid reports that the SEC has requested document updates from potential ETF issuers and exchanges. Final decisions on applications by VanEck and Ark Invest are due this Thursday and Friday, respectively. BlackRock, Fidelity, Invesco, Grayscale and Bitwise Asset Management also have applications awaiting decisions this year.
Persons: Cryptocurrencies, Ether, bitcoin, Robinhood, Bartosz Lipiński Organizations: U.S . Securities, Exchange, Metrics, Marathon, Energy, SEC, Cube Exchange, Fidelity, Management Locations: BlackRock
Grayscale Investments announced that CEO Michael Sonnenshein stepped down on Monday, ending a 10-year run as the leader of the largest crypto asset manager. Under Sonnenshein, Grayscale played a key role in pushing the U.S. Securities and Exchange Commission to allow bitcoin ETFs. "The crypto asset class is at an important inflection point and this is the right moment for a smooth transition. In 2022, Grayscale launched a lawsuit against the SEC, after regulators turned down its bid to convert the investment vehicle into an exchange-traded fund. Michael Sonnenshein at the 2022 Forbes Iconoclast Summit at New York Historical Society on Nov. 3, 2022.
Persons: Michael Sonnenshein, Peter Mintzberg, Goldman Sachs, Edward McGee, Sonnenshein, Arturo Holmes Organizations: Investments, BlackRock, U.S . Securities, Exchange Commission, SEC, Fidelity, Forbes, Summit, New York Historical Society, Getty Locations: OppenheimerFunds
How to buy a put spread on the Nasdaq as a portfolio hedge
  + stars: | 2024-05-17 | by ( Jeff Kilburg | ) www.cnbc.com   time to read: +2 min
I want to focus on the Invesco QQQ Trust (QQQ) tracking the Nasdaq 100 as the majority of this year's gains in the S & P 500 are derived from Magnificent 7 constituents. The tech-heavy Nasdaq 100 has more beta than the S & P 500 and has the potential to increase rewards if this downside protective trade pays off. This trade is looking for roughly a 5% pullback to cover the cost of owning this put spread. The Trade Bought the 6/28/24 $437 put for $3.50 Sold the 6/28/2024 $420 put for $1.45 Total cost of this debit spread is $2.05 or $205 per one lot spread In the event the Nasdaq 100 continues to make new all-time highs, this spread will expire worthless But hopefully the Nasdaq 100 exposure you have in your portfolio will more than cover the cost of this hedge. DISCLOSURES: (Kilburg owns this spread) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .
Persons: Kilburg Organizations: Nasdaq
We'll review a trade that wins if the market pulls back again. Inflation has been stubbornly high for months, and today's hotter-than-expected producer price index report only reinforces that notion. It is prudent to wait for confirmation of the double-top pattern before considering a bearish trade though. The trade setup: SPY 513-512 Bear Put Spread The trade structure I am using here is called a "bear put spread". BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: SPDR Dow, Nishant Pant Organizations: PPI, CPI, SPDR Dow Jones, Average Trust
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Solus' Dan Greenhaus, Invesco's Kristina Hooper and BofA's Marci McGregorSolus' Dan Greenhaus, Invesco’s Kristina Hooper and BofA’s Marci McGregor, join 'Closing Bell' to discuss the market's resiliency, sector winners and their outlook.
Persons: Solus, Dan Greenhaus, Invesco's Kristina Hooper, BofA's Marci McGregor Solus, Invesco’s Kristina Hooper, BofA’s Marci McGregor
Thursday's gains put the S & P 500 less than 1% away from its record close on March 28. Tech sits out: The only S & P 500 sector in the red Thursday was technology. A bunch of solar stocks, which fall under the tech bucket, were lower after SolarEdge gave disappointing second-quarter guidance. S & P leaders: The top-performing sectors in the S & P 500 on Thursday were real estate, utilities and energy. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Dow, Stocks, We'll, we'll, SolarEdge, It's, Jayshree, What's, Jim Cramer's, Jim Organizations: CNBC, University of Michigan's, Tech, Arm Holdings, Arista Networks, Dow, Utilities, Technologies, Insulet Corp, Akamai Technologies, Jim Cramer's Charitable Locations: SolarEdge, Salesforce
Breaking down the next leg of the European equity rally
  + stars: | 2024-05-08 | 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 EmailBreaking down the next leg of the European equity rallyMaximilian Uleer, Head of European Equity and Cross Asset Strategy at Deutsche Bank, and Kristina Hooper, Chief Global Market Strategist at Invesco, discuss the European rally as the STOXX 600 and FTSE 100 hit fresh all-time highs.
Persons: Maximilian Uleer, Kristina Hooper Organizations: European Equity, Cross, Deutsche Bank, Chief Global
U.S. stocks have been rather volatile in the past month, but in the past week they had a strong run on hopes of rate cuts. Tech stocks, which would be boosted by rate cuts, have been a big part of that rally — with Meta , Alphabet and Amazon in particular having a strong showing over the past couple of weeks. Elsewhere, analysts are getting more optimistic on China stocks, especially those in the tech sector. Kevin Liu, managing director and strategist at CICC Research, said his conviction call would be a structural barbell allocation with themes including tech names "with high-end upgrading opportunities," among others. Stock screen Against this backdrop, CNBC Pro screened FactSet for stocks from four exchange-traded funds (KraneShares CSI China Internet ETF, Vanguard Information Technology ETF, Invesco China Technology ETF and the iShares MSCI China Multisector Tech ETF) to find stocks that: have beaten the S & P 500's around 9% year-to-date performance.
Persons: Bernstein, Kevin Liu Organizations: Dow Jones, Tech, UBS, CICC Research, CNBC Pro, CSI China Internet, Vanguard Information Technology, China Technology ETF, China Multisector Tech Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailValuations in Europe are 'quite compelling' compared with other developed markets: StrategistDavid Chao, global market strategist for Asia-Pacific at Invesco, discusses the outlook for the U.S. Federal Reserve's monetary policy, the Japanese yen, and European markets.
Persons: David Chao Organizations: U.S, U.S . Federal Locations: Europe, Asia, Invesco, U.S .
Shares of Apple surged 6% on Friday as investors cheered better-than-expected fiscal second-quarter results and the announcement of the biggest stock buyback program in U.S. corporate history. In theory, Apple's $110 billion stock buyback program should provide a boost to its share price. However, recent history shows that spending billions on share repurchases isn't guaranteed to make the stock a runaway winner. So they've been retiring these shares," Nathan said. AAPL YTD mountain Shares of Apple are still down year to date despite Friday's bounce.
Persons: Dan Nathan, they've, Nathan, hasn't, They've, Apple isn't Organizations: Apple, RiskReversal Advisors, CNBC, Big Tech, Nasdaq, Mobile
In 2017, at 19 years old, Jack Kellogg became interested in stock trading. AdvertisementIn 2023, he took advantage of the AI hype by trading stocks within that theme. He then reviews these stocks' price movements over the previous three to two weeks. Where it's set depends on how much he's willing to risk on each position and varies based on the stock's price movements. While he's agnostic about the stock's cap size, he favors swing trading mid and sometimes small-cap stocks.
Persons: Jack Kellogg, Timothy Sykes, Kellogg, Kellogg wasn't Organizations: Business, BI, Trust, Nvidia, CXApp Inc
The Fed will have room to cut rates, Invesco says
  + stars: | 2024-05-03 | 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 Fed will have room to cut rates, Invesco saysPaul Jackson, global head of asset allocation research at Invesco, says "the underlying, background inflation fundamentals are still suggesting a decline in core inflation."
Persons: Invesco, Paul Jackson
Hong Kong stocks are back from the dead. Here’s why
  + stars: | 2024-04-30 | by ( Laura He | ) edition.cnn.com   time to read: +6 min
Hong Kong CNN —Hong Kong’s benchmark Hang Seng Index surged more than 7% in April as the best-performing major index in the world. The valuation of Hong Kong stocks has also become more “compelling” relative to the rest of the Asian region after the pullback last year, said Zhikai Chen, head of Asian equities at BNP Paribas Asset Management. He added that there is a shift in investors’ sentiments as Chinese economic data turned more positive. Innes said global investors are currently “underweight” in Chinese markets, including Hong Kong, because of geopolitical tensions and concerns surrounding potential fallout from the upcoming US elections. Stock exchange data showed that southbound investors (meaning investment from mainland China into Hong Kong) have bought nearly $20 billion of Hong Kong-listed stocks in March and the first three weeks of April on a net basis.
Persons: , Kelly Chung, Zhikai Chen, Stephen Innes, David Chao, Nomura, Xiaomei Chen, Angelina Lai, Innes, Kong, BNP Paribus Organizations: Hong Kong CNN, Hong, Value Partners, BNP, Management, P Global, PMI, Kong's, Reuters, US, People’s Bank of, HK, Locations: China, Hong Kong, United States, Beijing, India, James’s, People’s Bank of China
Invesco: Expect one to two Fed rate cuts this year
  + stars: | 2024-04-30 | 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 EmailInvesco: Expect one to two Fed rate cuts this yearBen Gutteridge, director of model portfolio services at Invesco, says "the very latest would be December, but I think there is a chance it comes before that if the wage data continues to show disinflation."
Persons: Ben Gutteridge Locations: Invesco
The consumer is strong, but weakening: Cantor's Eric Johnson
  + stars: | 2024-04-26 | 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 consumer is strong, but weakening: Cantor's Eric JohnsonCantor's Eric Johnson, Payne Capital's Courtney Garcia and Invesco's Brian Levitt, join 'Closing Bell' to discuss markets, PCE, potential for rate cuts, and the state of the consumer.
Persons: Eric Johnson Cantor's Eric Johnson, Payne Capital's Courtney Garcia, Invesco's Brian Levitt
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Cantor’s Eric Johnson, Payne’s Courtney Garcia and Invesco’s Brian LevittCantor's Eric Johnson, Payne Capital's Courtney Garcia and Invesco's Brian Levitt, join 'Closing Bell' to discuss markets, PCE, potential for rate cuts, and the state of the consumer.
Persons: Cantor’s Eric Johnson, Payne’s Courtney Garcia, Invesco’s Brian Levitt, Eric Johnson, Payne Capital's Courtney Garcia, Invesco's Brian Levitt
The artificial intelligence revolution is just getting started, and that means there are opportunities for investors to scoop up some names at a discount, according to Evercore ISI. Yet adoption is low, with less than 5% of U.S. firms reporting using AI, he said, citing U.S. Census Bureau data. To find "AI revolutionaries" that are trading at a discount, Evercore ISI looked for companies in the Russell 1000 with strongly trending AI mentions — either surpassing the index or the company's sector average. One of the names on the list is Uber Technologies , which mentioned AI 17 times last year. The company is also using AI to increase productivity.
Persons: OpenAI's ChatGPT, Julian Emanuel, Emanuel, Russell, , Uber's, Dara Khosrowshahi, they're, CNBC's, Goldman Sachs, David Solomon, Solomon, Goldman's, Penny, Glenn Fogel, Fogel Organizations: ISI, Census, Nvidia, Nasdaq, Uber Technologies, Holdings Locations: U.S
Oil prices were slightly lower Monday as Israel, aided by the U.S., fended off Iran's aerial barrage. The investment bank believes aerospace and defense stocks could outperform in the short run in light of growing geopolitical risks. The biggest ETF in the industry is the iShares U.S. Aerospace & Defense ETF (ITA) , with about $5 billion in assets under management. Invesco Aerospace & Defense ETF (PPA ) and SPDR S & P Aerospace & Defense ETF (XAR) are two other popular offerings. To be sure, Liberum thinks the stock market could quickly reverse any losses as soon as the tensions in the Middle East ease.
Persons: Israel retaliating, Liberum, — CNBC's Michael Bloom Organizations: Liberum, U.S ., Federal Reserve, West Texas Intermediate, May, U.S . Aerospace & Defense ETF, ITA, Invesco Aerospace & Defense ETF, P Aerospace & Defense ETF Locations: Iran, Israel, Damascus, Syria, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Invesco's Kristina Hooper and Ritholtz's Josh BrownKristina Hooper, Invesco chief global market strategist, and Josh Brown, CEO of Ritholtz Wealth Management, join 'Closing Bell' to discuss why the market seems overreacting to the latest CPI data, how PCE data will affect equity markets, and more.
Persons: Invesco's Kristina Hooper, Josh Brown Kristina Hooper, Josh Brown Organizations: Ritholtz Wealth Management
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