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☆ Paul Meeks reveals his picks to play the A.I. trend
▼ + 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 EmailPaul Meeks reveals his picks to play the A.I. trendPaul Meeks, portfolio manager at Independent Solutions Wealth Management, shares his top picks on how to play the artificial intelligence trend.

Persons: Paul Meeks Organizations: Independent Solutions Wealth Management

☆ Legacy automakers underestimated the EV transition, says fund manager Paul Meeks
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLegacy automakers underestimated the EV transition, says fund manager Paul MeeksPaul Meeks, portfolio manager at Independent Solutions Wealth Management discusses the challenges legacy carmakers face when competing in the EV sector against companies like Tesla.

Persons: Paul Meeks Paul Meeks Organizations: Independent Solutions Wealth Management, EV

"For the first time in history, the State Department has agreed to allow Congress to view a dissent channel cable," McCaul said in a statement. A State Department spokesperson said the department continues to believe its accommodations had been sufficient. But it said the department would let additional committee members see it. "To bring this matter to resolution, we will permit additional Members of the Committee to view the cable at the State Department," the spokesperson said in a statement. The channel allows State Department officials to air concerns to supervisors.

Persons: Antony Blinken, Michael McCaul, McCaul, Blinken, Gregory Meeks, Patricia Zengerle, Bill Berkrot Organizations: . House, Republican, House Foreign Affairs, State Department, Republicans, Wall, Thomson Locations: Afghanistan, U.S, Kabul's, McCaul, Kabul

☆ Nvidia shares are on a tear this year. Why Wall Street is bracing for a near-term pullback
▼ + stars: | 2023-05-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Nvidia shares are on a tear this year as the chipmaker asserts it dominance and cements itself as the one to beat in the AI arms race. NVDA YTD mountain Nvidia shares in 2023 Wall Street analysts and investors remain confident in the long-term trajectory of the stock, but say its latest jaw-dropping surge sets Nvidia up for a short-term pullback. Overbought conditions and a short-term pullback Despite Nvidia's jaw-dropping print, most near-term momentum indicators show the stock is overbought. Even so, Wald suggests investors consider buying on any pullback and using market dips to sell relatively weaker positions and buy Nvidia. Consolidation in megacaps Nvidia isn't the only big technology giant Wall Street's cooling on at least in the near-term.

Persons: Paul Meeks, Ari Wald, Oppenheimer, Wald, Janney Montgomery Scott, Dan Wantrobski, Katie Stockton, tailwinds, Price, Microsoft's, Meeks, Michael Bloom Organizations: Nvidia, Independent Solutions Wealth Management, Street, Amazon, Microsoft, Apple Locations: Tuesday's

“Please note, however, that the subpoena remains in full force and effect, and the acceptance of this accommodation does not waive any of the Committee’s rights regarding the subpoena," McCaul wrote. McCaul had scheduled a committee meeting next week to consider a contempt of Congress charge against Blinken over his refusal to release the cable despite the subpoena. In his letter, McCaul said he still wanted every member of the foreign affairs committee to be able to view the cable, something the State Department has resisted to protect the integrity of its dissent channel system. McCaul is investigating the withdrawal from Afghanistan. The State Department did not immediately respond to a request for comment on McCaul's letter.

☆ A.I. enthusiasm is responsible for the bulk of the stock market’s gain this year
▼ + stars: | 2023-05-03 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Digging deeper into the gains, Nvidia turns up as a big winner. Meta Platforms shares have doubled. If the Fed signals a pause Wednesday and rates fall, the market could see tech stocks rip higher. To be sure, other factors besides for AI have contributed to this year's rally in technology stocks. Jason Tauber, a portfolio manager at Neuberger Berman said AI stocks should start to experience bifurcation from here on out.

☆ For Aging Homeowners, Elevators Give Luxury Properties a Major Lift
▼ + stars: | 2023-04-27 | by ( Lia Picard | ) www.wsj.com time to read: +1 min

In 2020, Russell Franchi’s clients liked many features of a beach home in South Walton County, Fla., but it was missing one thing: an elevator. The clients, who had limited mobility, considered retrofitting an elevator, but ultimately walked away from the deal before finding a house that already had one installed. Kaitlind Meeks-Price, a sales representative of Delaware Elevator in Salisbury, Md., said that elevators are typically 3 feet by 4 feet, but she’s seen them go up to 15 square feet. A basic, three-stop elevator, including installation, typically starts around $32,000 to $35,000. When it comes to maintaining the lift, Ms. Meeks-Price suggests having it serviced at least once a year for the first five years.

☆ Microsoft shares jump on strong results. Here's what analysts say is in store for the tech giant
▼ + stars: | 2023-04-26 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft shares jump on strong results. Here's what analysts say is in store for the tech giantJim Cramer, Stephanie Link of Hightower Advisors, Paul Meeks of Independent Solutions Wealth Management, Brent Thill of Jefferies, Karen Firestone of Aureus Asset Management, Joe Terranova Virtus of Investment Partners and Josh Brown of Ritholtz Wealth Management on what they think about Microsoft's recent earnings.

☆ Russian soldiers 'forced me to dig my own grave': US lawmakers hear accounts of Russian war crimes
▼ + stars: | 2023-04-19 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +6 min

CNN —A 57-year-old Ukrainian woman from Kherson testified to US lawmakers that Russian forces beat her, threatened to rape her and forced her to dig her own grave. Lyubov’s story was one of two powerful and horrific testimonies shared with House Foreign Affairs Committee members at a hearing about Russian war crimes Wednesday. Ukrainian Prosecutor General Andriy Kostin, who also testified at the hearing, said his office registered around 80,000 incidents of potential war crimes, and to date has convicted 31 Russians for war crimes in Ukrainian courts. “These are more than war crimes. Roman was able to make his way back to Ukraine with the help of volunteers from the country, the representative said.

☆ Independent Solution's Meeks: Definitely wouldn't buy Netflix before the earnings call
▼ + stars: | 2023-04-17 | 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 EmailIndependent Solution's Meeks: Definitely wouldn't buy Netflix before the earnings callPaul Meeks, Independent Solutions Wealth Management portfolio manager, joins 'Squawk Box' to discuss this week's earnings results, what Meeks is looking for from Netflix, and more.

☆ Tech ripped higher to start the year. Here's how the pros are trading the sector in the new quarter
▼ + stars: | 2023-04-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +10 min

After the worst year for tech since 2008 , many investors questioned whether the market could move higher in the new year without the sector's cooperation. Names such as Apple , Microsoft and Amazon gained about 27%, 20% and 23% in the first quarter, respectively, as yields pushed lower. Amid this backdrop, Alphabet shares gained 17.6% in the first quarter as the company launched it's Bard chatbot rival. Not all investors view big tech so optimistically heading into the new quarter. Much of the surge in tech stocks stems from the oversold conditions created during 2022's carnage, positioning many of these stocks for a bounce, Meeks said.

☆ ABC News staffers were stunned at the departures of veteran colleagues and 'outraged' about how the exits were handled
▼ + stars: | 2023-04-01 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +6 min

Some ABC News staff were in tears on Thursday after layoffs of respected news veterans. Kim Godwin has made positive changes as ABC News president and has faced a string of complex situations. ABC News staffers are in shock over the departure of multiple senior-level colleagues, most notably Wendy Fisher, SVP news gathering. ABC News alone lost 50 staffers on Thursday as part of the slim-down and a leadership reorganization by division President Kim Godwin. A second ABC News insider said it was unprecedented to dismiss longtime veterans in such a manner.

☆ Nvidia's stock has climbed as Wall Street bets on A.I. Why investors say its promise is worth the premium
▼ + stars: | 2023-03-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

NVDA YTD mountain Nvidia shares so far this year Nvidia's stock' is trading at a forward price-to-earnings ratio of roughly 58 times. The focus on Nvidia's capabilities in this area have only grown since it unveiled new AI technologies at its GTC conference. On the heels of the conference, Goldman Sachs called the chipmaker a "key AI enabler," while Bank of America said Nvidia's AI dominance could "reshape the existing tech industry." That's in part because along with the hardware and software, Nvidia offers the engineers and relationships with both end-users and research organizations, which could stunt competitor plans from the get-go, Freund explained . Because so many engineers are already using Nvidia's software, some companies may face resistance if attempting to transition to a new language, explained Pieran Maru, an investment analyst at global asset management firm GAM Investments.

☆ Tech investors are 'too manic' with A.I. right now: Independent Solution's Paul Meeks
▼ + stars: | 2023-03-30 | 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 EmailTech investors are 'too manic' with A.I. right now: Independent Solution's Paul MeeksPaul Meeks, Independent Solutions Wealth Management portfolio manager, joins 'Squawk Box' to discuss why the tech sector is outperforming, whether there's promise in the metaverse, and more.

[1/2] Senator Bob Menendez (D-NJ), speaks during a Senate Foreign Relations Committee hearing on the Fiscal Year 2023 Budget at the Capitol in Washington, U.S., April 26, 2022. The bill is led by Senator Bob Menendez, chairman of the Senate Foreign Relations Committee, and Representative Gregory Meeks, the ranking Democrat on the House of Representatives Foreign Affairs Committee. Under U.S. law, the chair and ranking member of the Foreign Relations and Foreign Affairs committees review major weapons transfers. They often take human rights into account and at times seek to delay or block planned sales. For example, Menendez opposes the sale of Lockheed Martin F-16 aircraft to Turkey for reasons including its record on human rights.

And I'm prepared to serve this," Representative Michael McCaul told Secretary of State Antony Blinken as he testified to the committee about the department's budget request. McCaul has launched an investigation into the messy withdrawal from Afghanistan and events in the country since. McCaul sent a letter to Blinken this week requesting the information before Thursday. Blinken responded at Thursday's hearing that the department is working to provide as much information as possible. Blinken told the committee that several Americans were being held in Afghanistan, but they were not being identified at their families' request.

☆ A longtime bear is ‘creeping back’ into tech — and has some picks to play it
▼ + stars: | 2023-03-22 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

Tech investor Paul Meeks — an unabashed longtime tech bear — is also beginning to warm to the sector. "I'm creeping back into the sector after long advocating an underweight position in it," he said in notes to CNBC on Friday. Chip makers NXP Semiconductors and STMicroelectronics also made Meeks' list, with the tech investor saying they are two stocks that he "likes very much." Outside of semiconductors, Meeks is also looking at German software firm SAP . "Keep an eye on SAP because this windfall for them could be a really nice blessing, a game-changer," he added.

☆ I'm still playing pretty defensive in tech, says Independent Solutions' Paul Meeks
▼ + stars: | 2023-03-20 | 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 EmailI'm still playing pretty defensive in tech, says Independent Solutions' Paul MeeksPaul Meeks, portfolio manager at Independent Solutions Wealth Management, joins CNBC’s Jon Fortt and the ‘CNBC Special: Taking stock’ to discuss Big Tech and cost-cutting measures taken by companies like Amazon.

☆ Time to buy the tech rally? Hedge fund manager Dan Niles and others reveal their top picks
▼ + stars: | 2023-03-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

The tech sector was a bright spot last week as the banking crisis rocked markets. Big tech and semiconductor stocks such as Nvidia and Microsoft were up around 12% over the week, while AMD soared over 18%. Hedge fund manager Dan Niles, meanwhile, said he likes Meta as it has a "strong" core business, with good user growth and engagement. Like Meeks, Niles is also bullish — but selective — on semiconductor stocks. Financial services firm BTIG said it believes that tech stocks have become something of a "rotation beneficiary given the recent events and rising odds for a hard landing."

☆ As yields fall, some investors are flocking to rate-sensitive technology stocks
▼ + stars: | 2023-03-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

A sharp decline in bonds yields is providing much needed relief for big tech stocks that were under pressure in recent weeks. Yields fell drastically Monday as the collapse of Silicon Valley Bank wreaked havoc on the broader banking sector and pushed investors into safe haven assets. The move brought the 2-year Treasury yield to its biggest 3-day decline since 1987 , while the yield on the 10-year Treasury note hit its lowest level since February. Tech's suffered from extreme volatility in recent months as yields barreled toward multiyear highs, and the Federal Reserve restricted monetary policy to quell inflation. Higher rates typical means valuations are less attractive for tech stocks since future profits become less valuable.

☆ Tesla a 'screaming buy' or bellwether for zombie stocks? The bulls and bears state their case
▼ + stars: | 2023-03-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Tesla's stock closed at $193.81 on Monday — 49.2% off its 52-week high, compared to an average drop of 18% among its peers, according to FactSet. Over the year so far, Tesla shares are up around 57%, but looking ahead, analysts are divided on the company's prospects. The bears: 'Bellwether' for zombie stocks Apart from the recent price cuts, Tesla has hinted at a cheap, next-generation model that would cost $25,000. David Trainer, CEO of investment research firm New Constructs, said that it's "nosebleed high because the cash flow expectations baked into the stock price are unreasonably optimistic." And you look at the relative growth to large cap tech companies and it's a screaming buy," he said.

☆ Why investors don't expect a dividend check from Alphabet anytime soon
▼ + stars: | 2023-03-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Coming out of the Internet bubble in 2003, Microsoft implemented a dividend for the first time in its then nearly three-decade history. Over the next decade, the software giant slowly hiked that dividend annually, while its shares languished mostly in the 20s. But despite the recent struggle in Alphabet shares, and fears over what lies ahead for the dominant search engine, big investors say a dividend isn't the best use of cash to convince investors to stay the course. Like some of its tech peers, Alphabet could pay a small dividend to "check the box for institutional investors," Meeks said. "Last thing you want to do is commit yourself to a dividend and then all of a sudden retrench it."

WASHINGTON — The U.S. House Foreign Affairs Committee voted Wednesday to advance a bill that would grant President Joe Biden the authority to ban TikTok, the Chinese social media app used by more than 100 million Americans. Yet even as Democrats objected, many of them said they did so regretfully, and they would have much preferred to support a version of McCaul's TikTok ban. "My bill empowers the administration to ban TikTok or any other software application that threatens U.S. national security." "It would be unfortunate if the House Foreign Affairs Committee were to censor millions of Americans," TikTok spokeswoman Brooke Oberwetter told CNBC in an email Monday. On Monday, the Biden administration released new implementation rules for a TikTok ban that applies only to federal government-owned devices, which was passed by Congress in December.

☆ U.S. House panel approves bill giving Biden power to ban TikTok
▼ + stars: | 2023-03-01 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

WASHINGTON, March 1 (Reuters) - The U.S. House Foreign Affairs Committee voted on Wednesday along party lines to give President Joe Biden the power to ban Chinese-owned social media app TikTok and other apps. Democrats on the committee opposed the bill, which was sponsored by Republican committee chair Michael McCaul. The fate of the measure is still uncertain and it would need to be passed by the full House and U.S. Senate before it can go to Biden. McCaul told Reuters after the vote that he thinks the TikTok bill will be taken up on the floor "fairly soon" and voted on by the full House this month. Reporting by David Shepardson; Editing by Chizu Nomiyama and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

Feb 28 (Reuters) - The Biden administration approved more than $23 billion worth of licenses for companies to ship U.S. goods and technology to blacklisted Chinese companies in the first quarter of 2022, a Republican lawmaker said on Tuesday. The data comes amid growing pressure on the administration of Democratic President Joe Biden to further expand a broad crackdown on shipments of sensitive U.S. technology to China from Republican lawmakers, who now control the House of Representatives. The data comes a week after the Biden administration added new Chinese companies to the trade blacklist for aiding Russia’s military and months after announcing a sweeping new policy aimed at dramatically curbing shipments of chips and chipmaking tools to China. Chinese tech giant Huawei Technologies Co Ltd was added to a trade blacklist known as the entity list by former Republican President Donald Trump in 2019, amid allegations of sanctions violations, spying capabilities, and intellectual property theft. Reporting by Karen Freifeld and Alexandra Alper; Editing by Chizu Nomiyama, Marguerita Choy and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

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