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☆ These are the 4 AI stocks retail investors are pouring into as they chase the next tech rally
▼ + stars: | 2023-06-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Retail investors are chasing the next tech rally with AI-related stocks like Micron, Vanda said. Though retail investor flows fell slightly, stock purchases are above the daily average since SVB's collapse. The firm identified four stocks that were gaining traction among retail investors as they search for new winners in the AI space. Still, retail investors had taken interest in the stock even before it posted its financial results, Vanda said, thanks to speculation it could be another AI gamble. Retail net purchases of the stock were about 145 times the daily average before its latest earnings report.

Persons: Vanda, —, " Vanda, NVDA Organizations: Micron, Service, Vanda Research, Silicon Valley Bank, Nvidia, Oracle, Retail, Adobe, Microsoft Locations: Silicon

☆ Premarket stocks: Why it might be time to get optimistic about the market
▼ + stars: | 2023-06-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

US stocks, meanwhile, have managed to pull up from their recent bear market into bull territory. Still, there’s good reason for investors to be optimistic, says Indrani De, head of global investment research at FTSE Russell. That makes sense, since tech and energy stocks have largely been driving markets upward over the last few weeks. For instance, leading venture capital firm Sequoia Capital held just more than $1 billion at SVB, according to the FDIC document. The FDIC document shows that Circle held $3.3 billion at SVB, a figure that the stablecoin company previously disclosed.

Persons: New York CNN —, Indrani De, Bell, De, froth, Matt Egan, SVB, Zhipin Organizations: CNN Business, Bell, New York CNN, FTSE Russell, Energy, Communications Services, Technology, Tech, Consumer Staples, FDIC, Bloomberg, Silicon Valley Bank, Bloomberg News, Sequoia Capital, PayPal, Google, Apple, Internet Locations: New York, Russia, disinflation, Silicon, Beijing

☆ GlobalData: Europe is way ahead of the U.S. when it comes to digital regulation
▼ + stars: | 2023-06-23 | 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 EmailGlobalData: Europe is way ahead of the U.S. when it comes to digital regulationCyrus Mewawalla, Head of Investment Research at GlobalData, discusses EU Commissioner for Internal Market Thierry Breton's planned meetings with Elon Musk, Mark Zuckerberg, Sam Altman, and Jensen Huang this week.

Persons: Cyrus Mewawalla, Thierry Breton's, Elon Musk, Mark Zuckerberg, Sam Altman, Jensen Huang Organizations: Investment Research, GlobalData, Internal, Elon Locations: Europe, U.S

☆ China's economy is undergoing a structural transition, so don't expect a massive stimulus package, analyst says
▼ + stars: | 2023-06-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China's economy is transitioning away from previous growth drivers, UBS analyst Tao Wang wrote. Instead of a spending binge, Wang said that China should implement modest stimulus as well as policies aimed at structural issues. In the long term, stepping away from large government support may be beneficial to the country's economy, she added. That's as it could clear inefficient market participants, allow development in the private sector, and enable more social spending. "Such a realignment of the roles of the state and the market would be welcome," Wang wrote.

Persons: Tao Wang, —, Wang Organizations: UBS, Financial Times, Service, UBS Investment Research Locations: Beijing, China

☆ The S&P 500 will extend its stellar rally, hitting a new record high before 2023 is over, Carson Group's top strategist says
▼ + stars: | 2023-06-16 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The S&P 500 has climbed 15% in 2023, powered higher by Big Tech stocks. The index is likely to hit a new all-time high before the end of the year, Carson Group's top strategist said Thursday. "We still think there's a lot left in the tank here," Ryan Detrick told CNBC. "We've been overweight equities at Carson Investment Research since late December," Detrick told CNBC's "Closing Bell". The S&P 500 hit its record high in January 2022, reaching just under 4,800 points.

Persons: Carson Group's, Ryan Detrick, —, Carson, Tesla, We've, Detrick, CNBC's, – Organizations: Big Tech, CNBC, Service, Meta, Nvidia, Carson Investment Research, Reserve, Fed

☆ Goldman Sachs shares 24 stocks to buy and ride higher as they catch up to the market's powerful rally through year-end
▼ + stars: | 2023-06-13 | by ( Mark Reeth | ) www.businessinsider.com time to read: +4 min

The S&P 500 has entered bull-market territory thanks to a small handful of tech stocks. Goldman Sachs says that could actually mean good things to come for the rest of the market. Goldman Sachs analysts led by Chief US Equity Strategist David Kostin set out to answer that question. It's no wonder, then, that Goldman Sachs has upped its guidance for where the market will end the year. Below are the 24 stocks that Kostin found which have YTD EPS revisions above the median of 9%.

Persons: Goldman Sachs, David Kostin, Kostin, YTD Organizations: Investors, Big Tech, Apple, Microsoft, Nvidia, Chief US, Goldman Sachs Global Investment Research

☆ Charles Schwab's Kevin Gordon on markets: Neither a bull nor a bear market
▼ + stars: | 2023-06-09 | 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 EmailCharles Schwab's Kevin Gordon on markets: Neither a bull nor a bear marketVictoria Fernandez, chief market strategist at Crossmark Global Investments, Kevin Gordon, senior investment research manager at Charles Schwab, and Tom Lee, Fundstrat Global Advisors co-founder, join 'Closing Bell' to discuss the debate between a bull and bear market, the rising cost of debt, and lagging performance in staples and value names.

Persons: Charles Schwab's Kevin Gordon, Victoria Fernandez, Kevin Gordon, Charles Schwab, Tom Lee Organizations: Crossmark Global Investments, Fundstrat Global Advisors

☆ They said we were getting a recession. Instead, we’re getting a bull market
▼ + stars: | 2023-06-07 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

A recipe for a bull market, apparently. “The key difference for us is that you tend to see bull markets coincide with economic expansions, not economic contractions.”Still, since the last bull market, we’ve had a pandemic, a war in Europe, a banking crisis and a debt crisis among other dramas. “Such narrowness is not what new bull markets are built on.”The bottom line: Investors should “avoid getting sucked into this as a new bull market,” said Samana. A nationwide UPS strike would be the largest work stoppage in US history, reports my colleague Vanessa Yurkevich. US Bankruptcies reach highest level in 13 yearsChapter 11 filings in the US have reached their highest levels since the end of the Great Recession, according to new data from S&P Global Market Intelligence..

Persons: “ We’re, ” Sameer Samana, we’ve, ”, Kevin Gordon, Charles Schwab, Lisa Shalett, they’ve, Vanessa Yurkevich, We’ve, Fred Zuckerman, pare Organizations: CNN Business, Bell, New York CNN, Federal, Wells, Wells Fargo Investment Institute, CNN, Tech, Nvidia, US, Morgan Stanley Wealth Management, UPS, Teamsters, –, Brotherhood of Teamsters, 1st, “, ”, P Global Market Intelligence, Bed, P, Retail, City Locations: New York, Wells Fargo, Europe, Samana, America

☆ Here's why Goldman Sachs cut recession probability from 35% to 25%
▼ + stars: | 2023-06-06 | 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 EmailHere's why Goldman Sachs cut recession probability from 35% to 25%Jan Hatzius, chief economist and head of global investment research at Goldman Sachs, joins ‘Squawk on the Street’ to explain why the company lowered the recession probability from 35% to 25% and more.

Persons: Goldman Sachs, Jan Hatzius, Squawk

☆ The Harvard economics PhD whiz who is teaching generative AI to invest for everyone
▼ + stars: | 2023-06-06 | by ( Kiley Lambert | ) www.cnbc.com time to read: +3 min

Szilagyi has the record for the fastest-ever Harvard Economics Ph.D. (2.5 years), studying under Ken Rogoff. In addition to his economics Ph.D., Szilagyi holds BA and MA degrees in mathematics and economics from Yale. Szilagyi: Toggle is a generative AI startup that sits squarely at the intersection of finance and artificial intelligence. Toggle AI was really born from observing the ever-mounting flow of financial data that we needed to track. Thanks to his support, Toggle AI took off with a mission to provide every investor and advisor with powerful AI tools in an easy-to-navigate, chat interface.

Persons: Jan Szilagyi, Szilagyi, Stanley Druckenmiller, Lombard Odier, Ken Rogoff, Giuseppe Sette, Druckenmiller Organizations: Duquesne Capital, Lombard, Harvard, Yale, CNBC, Summit, Microsoft, Duquesne Locations: Szilagyi, Lombard

☆ Insider buying in US regional banks at 3-year high as execs look to bolster confidence
▼ + stars: | 2023-06-05 | by ( Shubham Batra | ) www.reuters.com time to read: +3 min

June 5 (Reuters) - Regional bank executives buying shares in their own companies hit a three-year high in the United States during the second quarter of 2023 as they rushed to restore investor confidence in their firms following the collapse of Silicon Valley Bank. US Bancorp (USB.N), East West Bancorp (EWBC.O), Zions Bancorp (ZION.O) and SoFi Technologies (SOFI.O) are some of the names from the 244 banks that saw heavy insider buying in the second quarter. The ratio of buyers to sellers in the regional banking sector has also hit a record high in the second quarter of 2023, according to the data. Bank stocks have stabilized in recent weeks, but haven't recovered their March losses. Bank deposits, however, started stabilizing from April.

Persons: Eric Compton, Ben Silverman, haven't, Shubham Batra, Shounak Dasgupta Organizations: Silicon Valley Bank, US Bancorp, East West Bancorp, Zions Bancorp, SoFi Technologies, Morningstar, Company, U.S . Securities, Exchange Commission, Bank, Thomson Locations: United States, Silicon, COVID, VerityData, Bank, Bengaluru

☆ Jobs report suggests the economy is nowhere close to a recession, says Goldman Sachs’ Jan Hatzius
▼ + stars: | 2023-06-02 | 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 EmailJobs report suggests the economy is nowhere close to a recession, says Goldman Sachs’ Jan HatziusJan Hatzius, chief economist and head of global investment research at Goldman Sachs, joins ‘Squawk on the Street’ to discuss what the new job reports suggest about the economy, his expectation from Fed's next meeting, and more.

Persons: Goldman Sachs ’ Jan Hatzius Jan Hatzius, Goldman Sachs, Squawk, Fed's

☆ Watch CNBC’s full interview with Goldman Sachs’ Jan Hatzius
▼ + stars: | 2023-06-02 | 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 EmailWatch CNBC’s full interview with Goldman Sachs’ Jan HatziusJan Hatzius, chief economist and head of global investment research at Goldman Sachs, joins ‘Squawk on the Street’ to discuss what the new job reports suggest about the economy, his expectation from Fed's next meeting, and more.

Persons: Goldman Sachs ’ Jan Hatzius Jan Hatzius, Goldman Sachs, Squawk, Fed's

☆ China's recovery is relying on an improvement in the labor market: UBS Investment Research
▼ + stars: | 2023-06-02 | 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 EmailChina's recovery is relying on an improvement in the labor market: UBS Investment ResearchWang Tao from UBS Investment Research says slow improvement in the labor market, and property market fundamentals are weighing on the Chinese economic recovery.

Persons: UBS Investment Research Wang Tao Organizations: UBS Investment Research

In April and May, domestic outflows totalled around 2 trillion yen ($14.81 billion) for individual investors and over 2.2 trillion yen for Japanese institutions. While foreign investors are excited about the prospect of a new era of growth in corporate Japan, domestic investors are eager to catch any profits they can, sticking to a strategy born out of decades of fleeting rallies. Reuters Graphics"It has been a trend that retail investors sell stocks at a peak. This time short-term investors sold stocks as they were cautious about the sharp gains of the Nikkei," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities. "Long-term investors also sold stocks because they were saddled with losses after the Nikkei made a range-bound move for a long time."

Persons: Shoichi Arisawa, Masayuki Kubota, Kubota, Warren Buffet, Ohara, Ankur Banerjee, Junko Fujita, Rocky Swift, Gaurav Dogra, Tom Westbrook, Sam Holmes Organizations: Nikkei, Reuters, IwaiCosmo Securities, Rakuten Securities, Tokyo Stock, Reuters Graphics, Bank of Japan, Gaurav, Thomson Locations: TOKYO, SINGAPORE, Japan, Tokyo, Singapore, Bengaluru

☆ A 'Big Short' investor who called the 2008 housing-market collapse warns about another big threat to home prices
▼ + stars: | 2023-05-30 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +2 min

"Big Short" investor Dave Burt said people don't see how the climate crisis will hurt home values. He told CNBC that that mortgage lenders aren't taking into account climate risk, like flooding. He warned that the housing market is in for a 2008-level price correction if the pattern continues. "Ultimately, until people have good information about what these climate-related costs are going to look like, we're creating new problems every day," Burt told CNBC. If this does not change, he warned, the housing market is in for another crash: a 2008-level price correction.

☆ White House AI Summit: A 'frank discussion' about ethical innovation
▼ + stars: | 2023-05-30 | by ( Frank Holland | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhite House AI Summit: A 'frank discussion' about ethical innovationOn May 4, 2023, GlobalData Head of Investment Research Cyrus Mewawalla joined CNBC's Frank Holland to discuss the White House AI Summit and the ethical debate surrounding rapidly growing AI technology.

Persons: Investment Research Cyrus Mewawalla, CNBC's Frank Holland Organizations: GlobalData, Investment Research, AI Summit

☆ A 'Big Short' investor sees financial disaster brewing in housing markets — again
▼ + stars: | 2023-05-29 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

A 'Big Short' investor fears an often-overlooked climate risk could see history repeating itself in the housing market. He helped two of the protagonists of Michael Lewis' bestselling book "The Big Short" bet against the mortgage market in the lead-up to the 2008 economic collapse. Now, Burt believes the mortgage market is underestimating another systemic issue: flood risk. If realized, he warns the fallout could resemble the massive correction seen during the global financial crisis. So, why does the U.S. housing market seem to be underestimating the cost of flooding?

☆ BlackRock moves from 'overweight' to 'neutral' on credit
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +1 min

[1/2] People are seen in front of a showroom that hosts BlackRock in Davos, Switzerland Januar 22, 2020. REUTERS/Arnd WiegmannMay 22 (Reuters) - BlackRock Investment Institute on Monday said it was moving from "overweight" to "neutral" on credit, saying yields are not enough to compensate investors for tightening credit conditions. In a research note, it also said it was moving from "underweight" to "neutral" on private markets following recent weakness in the U.S. regional banking industry. "The fallout from the banking sector troubles and further tightening of credit conditions adds to the pressure on public credit but could be a potential boon for private credit," the investment management company said. The BlackRock Investment Institute is an arm of U.S.-based investment firm BlackRock that provides proprietary investment research.

☆ As the Nasdaq recovers half of its bear market losses, signs of broader strength emerge
▼ + stars: | 2023-05-20 | by ( Michael Santoli | ) www.cnbc.com time to read: +6 min

This particular conversation has been chewed over pretty thoroughly, and I've hit on it last week and the week before . And perhaps more relevant, last week saw at least tentative signs of a desired broadening out. It's worth pointing out too that the recent surge in the familiar Nasdaq megacaps has a lot to do with mean reversion, after the Nasdaq lagged the equal-weighted S & P 500 in 2002 by 20 percentage points. The NDX has been in a long-term structural uptrend relative to the S & P 500 for the past decade. As noted, the S & P 500 touched 4,200 late in the week before easing back a bit.

☆ A 31-year market vet who called the current bear market warns an impending credit crunch and recession will sink stocks by 45% as valuations remain higher than dot-com bubble levels
▼ + stars: | 2023-05-13 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

Indicators like initial and continuing unemployment claims and loan demand show weakness. A recession paired with high valuations spells trouble for stocks, he said. For example, the number of initial unemployment claims is starting to jump at a recessionary pace, Wolfenbarger said. The four-week moving average of initial unemployment claims has risen 29% over the last eight months. Hussman FundsWhat others are sayingMany market onlookers have highlighted high stock market valuations in recent weeks.

☆ EV maker Rivian takes bold bet with higher-priced vehicles amid heating competition
▼ + stars: | 2023-05-11 | by ( Abhirup Roy | ) www.reuters.com time to read: +4 min

"We see demand from customers for what we're building" Rivian CEO R.J. Scaringe told Reuters on Wednesday. Rivian is confident of maintaining prices in the face of growing competition, he said, adding that extra-large batteries, better performance and premium features would distinguish the company from rivals. Any immediate impact on Rivian's demand will be difficult to gauge as the company, along with rival Lucid, stopped disclosing current orders in a move that has concerned analysts. "You'll absolutely see prices come down when they're able to have more economies of scale and when there's more competition. Reporting by Abhirup Roy in San Francisco; Editing by Peter Henderson and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

To revive its fortunes, the government late last year published its Edinburgh Reforms agenda comprising over 30 proposed changes to existing rules. "There are a variety of factors that keep somewhere attractive in terms of investment, listing and being an international finance centre." "We want the UK to be the world's most innovative and competitive global financial centre," the spokesperson added. CHALLENGING ASSUMPTIONSSupporters of a more vibrant UK stock market are also increasing pressure on bankers managing IPO processes to challenge assumptions about London's poorer liquidity or post-IPO performance, relative to rival venues. Proposed changes to UK listings are encouraging, but may not be enough, said Steve Bates, BIA CEO.

☆ Stocks are set for more volatility as the 'unlucky 13' months of strong job growth complicates the Fed's mission to cool the economy
▼ + stars: | 2023-05-06 | by ( Carla Mozée | ) www.businessinsider.com time to read: +4 min

A blowout jobs report and could make the Fed's job of tamping down inflation harder. The April US jobs report showed nonfarm payrolls grew by of 253,000 and a fall in the unemployment rate to 3.4%. Wages are key to the Fed's inflation outlook, and April brought a 0.5% rise in average hourly pay – the biggest monthly increase in a year. "This is a market that's really going to struggle. "It's too early to assess the likelihood of an additional Fed rate hike in mid-June, but this latest jobs report will push the excessively data-dependent Fed towards further tightening – a mistake in our view."

☆ Guggenheim's Brian Smedley: Here's what to expect from the next Fed meeting
▼ + stars: | 2023-05-02 | 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 EmailGuggenheim's Brian Smedley: Here's what to expect from the next Fed meetingBrian Smedley, chief economist and head of macroeconomic and investment research at Guggenheim Investments, joins 'Power Lunch' to discuss the Fed's upcoming rate decision, the Fed's quantitative tightening plan, and ongoing funding strain in regional banks.

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