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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou know who I am, I run to the cheaper stocks, says Cerity Partners' Jim LebenthalDiscussing a rough morning for stocks. With CNBC's Scott Wapner and the 'Halftime Report' investment committee, Ritholtz Wealth Management's Josh Brown, Gilman Hill Asset Management's Jenny Harrington and Cerity Partners' Jim Lebenthal.
There were some buying opportunities in tech on Thursday, according to two "Halftime Report" traders. Ritholtz Wealth Management CEO Josh Brown bought a small position in DocuSign Thursday morning, ahead of its anticipated earnings report in early March. People were calling it a stay-at-home stock," Brown said on " Halftime Report ." If the stock tanks on its earnings report, he expects it's an opportunity to increase his position. Brown had purchased shares last week , anticipating a rally into earnings and potential drop after the report.
Josh Brown buys Oracle, says its cloud revenue is attractive
  + stars: | 2023-02-14 | 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 EmailJosh Brown buys Oracle, says its cloud revenue is attractiveJosh Brown, Ritholtz Wealth Management co-founder, joins the 'Halftime Report' to discuss his buy of Oracle.
Ritholtz Wealth Management CEO Josh Brown snapped up Oracle shares Tuesday morning, following the tech company's announcement of its partnership with Uber. On Monday, Oracle said it entered into a seven-year strategic cloud partnership with Uber to accelerate the ride-sharing platform's innovation and help deliver new products. It's a name that Brown said has been lost in the shuffle, adding this could be the year of its "coming out party." "This has been a very boring company that I have ignored for a decade," Brown said on CNBC's " Halftime Report ." The fact that Uber selected Oracle over Amazon Web Services, which powers Lyft , and over big player Microsoft is impressive, Brown said.
Ritholtz Wealth Management CEO Josh Brown said he bought shares of Toast — but warns it's for the long term. Brown said that he is planning on buying more shares with an eye on the company's pending earnings announcement on February 16. He noted that the last two times Toast reported earnings, shares dropped significantly afterwards. The company's stock has since tumbled almost 58% from its peak trading price of $59 in November 2021. "It's much better than trying to buy any individual restaurant stock.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUber's earnings prove it's not a 'pandemic stock,' says Ritholtz's Josh BrownJosh Brown, Ritholtz Wealth Management CEO, joins the 'Halftime Report' to discuss Uber stock after the company reported strong fourth quarter results.
Josh Brown breaks down Wednesday's post-Fed market action
  + stars: | 2023-02-01 | 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 EmailJosh Brown breaks down Wednesday's post-Fed market actionJosh Brown, Ritholtz Wealth Management co-founder, joins 'Closing Bell: Overtime' to discuss Fed Chair Powell's remarks and the market reaction to the latest rate hike.
Portfolio managers are looking at earnings season and seeing opportunities to buy up more of their favorite stocks either at a discount or as they gain. The construction equipment manufacturer reported adjusted earnings per share of $4.27, excluding an unfavorable foreign currency impact of $0.41 per share. She said she added to the stock, noting China's reopening as a tailwind for Caterpillar in the next year. For Sarat Sethi, managing partner and portfolio manager at Douglas C. Lane & Associates, earnings has also given one of his picks, General Motors , a boost. GM 5D line gm "This was kind of a perfect earnings report that we've been hoping for for a long time," Sethi said.
We’re currently in the thick of fourth quarter earnings reports, but traders don’t seem to care about how companies fared during the final months of 2022. These slowdowns have been partially factored into stock prices, he said, “but not necessarily in full.”The upside: Market reaction appears to go both ways. Gas prices are surging this month. Gas prices are rocketing higher. Why are gas prices jumping?
"We prefer companies generating cash rather than those that need capital to grow. The higher the free cash flow yield, the better a company's position to meet its debt obligations. A company with a high free cash flow is also able to access cash more quickly in the event of an emergency or opportunity. Using FactSet data, CNBC Pro screened for stocks that boast lots of cash and could be well positioned for a rocky year. U.S.-listed Chesapeake Energy Corporation was the only energy stock to appear on the screen, with its free cash flow yield at nearly 14%.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch the full post-market discussion with Ritholtz's Josh Brown, Wells Fargo's Sameer Samana and OptionsPlay's Jessica InskipJosh Brown, CEO of Ritholtz Wealth Management, joins 'Closing Bell: Overtime' to discuss recent economic data and what it says about the economy and ongoing Fed rate increases. With Sameer Samana of the Wells Fargo Institute and Jessica Inskip of OptionsPlay.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix is one of the biggest bouncers in the entire market, says Ritholtz's Josh BrownRitholtz Wealth Management's Josh Brown joins 'Closing Bell: Overtime' to discuss Netflix ahead of earnings and whether now might be a good time to get back in.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is reacting badly to bad news, says Ritholtz's Josh BrownJosh Brown, CEO of Ritholtz Wealth Management, joins 'Closing Bell: Overtime' to discuss recent economic data and what it says about the economy and the likelihood of ongoing Fed rate increases.
Don't be fooled by the counter-trend bounce, Josh Brown said Tuesday, and stick with dividend stocks. "Dividend aristocrats are the right place to be," the co-founder and CEO of Ritholtz Wealth Management said on CNBC's "Halftime Report." In 2023, the tech-heavy Nasdaq Composite has jumped 6%, as risk-on sentiment spurred investors to snap up beaten-up tech stocks. Don't try to be a hero and don't try to anticipate the move after the move," he said. One ETF that tracks these so-called dividend aristocrats is the ProShares S & P 500 Dividend Aristocrats ETF (NOBL) .
"I actually think Netflix will have a good report," he said. I would not be telling people don't own Netflix ahead of earnings. NFLX 1Y mountain Netflix shares plummeted 51% in 2022 Shares of Netflix slumped 51% in 2022 as investors rotated out of growth and streaming stocks faced a dwindling advertising environment and steepening competition. Despite selling shares, Brown remains confident in the company's long-term trajectory and reputation as one of the only profitable streaming services in the industry. Looking ahead, Brown views more information regarding Netflix's advertising tier as the news that could "make or break" this quarter.
Some Amazon employees are calling for Jeff Bezos to return as CEO. Some Amazon employees are calling for the return of founder Jeff Bezos as CEO in the midst of massive layoffs and a plunging stock price. "Apparently not even Andy is safe," one employee wrote, referring to Jassy who took over from Bezos as CEO in July 2021. "He should come…he is the best," another employee wrote, referring to Bezos. In the turkey-themed email, viewed by Insider, the CEO acknowledged challenges, thanked Amazon employees, and called for resilience and optimism.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJeff Bezos could return as Amazon CEO this year, says Ritholtz’s Michael BatnickMichael Batnick, director of research at Ritholtz Wealth Management, joins CNBC's 'Tech Check' to argue why he thinks Jeff Bezos will come back to lead Amazon this year.
The most recent market bottom occurred on October 12th, when the S & P 500 closed at 3,577. At the time, analysts were quite optimistic about 2023 earnings, expecting them to come in at $239, up almost 8% from the 2022 earnings estimates. That translates into a forward multiple (P/E ratio) of 15 times 2023 earnings. Other strategists have also noticed that the S & P 500, despite a 20% drop in 2022, is still trading at a rich valuation. Instead of $237, estimates are now $229, and the multiple is now 16.7 times forward earnings.
Josh Brown issued a warning for investors on Tuesday, noting that new bear market lows could soon be reached. I think we break the October lows," Brown, the CEO of Ritholtz Wealth Management, said Tuesday on CNBC's " Halftime Report ." Brown pointed to one view held among even bullish strategists on Wall Street that stocks will sell off in the first half of 2023, before rebounding in the second half of the year. "It's so much more rational to be in that camp, given all the headwinds, all of the negativity," Brown added. Brown named aerospace and defense as his favorite sector for 2023, saying equities in the sector will serve as an hedge for growing geopolitical risks this year.
It has been a year to forget for growth stocks. This also marks the first time since 2016 that growth has lagged value, comparing the growth ETF to the iShares Russell 1000 Value ETF (IWD) . Growth stocks are characterized by those that tend to trade on the expectation of strong earnings expansion over several years in the future, rather than here and now. Despite this tough year, analysts expect big gains from some growth companies in 2023. More than three-quarters of analysts covering ChargePoint rate it a buy, while Plug Power has buy ratings from nearly two-thirds of analysts covering it.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should be positioning on expectations, not shocking news, says Ritholtz's Josh BrownJosh Brown, Ritholtz Wealth Management co-founder, joins 'Closing Bell: Overtime' to discuss the S&P posting two days of gains.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRitholtz CEO Josh Brown likes the healthcare sector in a recessionary 2023Josh Brown, Ritholtz Wealth Management CEO, joins 'Closing Bell: Overtime' to react to DoubleLine's Jeffrey Gundlach's remarks regarding the Fed and markets.
Santa Claus looks on at the 98th Annual Christmas Tree lighting ceremony at the New York Stock Exchange on Dec. 1, 2021 in New York. If history is a guide, stock investors may be poised to get a gift over the holidays. The trend, known as the "Santa Claus rally," encompasses the last five trading days of the calendar year and the first two of the new year. In the past two decades, the S&P 500 Index — a barometer of U.S. stock performance — has increased by 0.7% a year, on average, over those seven trading days, according to FactSet data. The S&P 500 was positive during those seven days in 15 of the 20 years — or 75% of the time, FactSet found.
On Thursday's "Ask Halftime," traders answered questions from CNBC Pro subscribers about stocks during volatile markets, including whether to buy, sell or hold specific names. Brenda Vingiello of Sand Hill Global Advisors explained why she likes Honeywell . Short Hills Capital's Stephen Weiss said he believes the Invesco QQQ exchange-traded fund, which tracks the Nasdaq-100 index, will be "terrible" over the next six months. However, he notes that if investors have a longer time frame, they can make money. Finally, Josh Brown of Ritholtz Wealth Management discussed how he thinks Uber could fare during a recession.
On Thursday's "Ask Halftime," traders answered questions from CNBC Pro subscribers about stocks and ETFs during volatile markets, including whether to buy, sell or hold specific names. Requisite Capital Management's Bryn Talkington highlighted the reasons she likes and owns BHP Group . Josh Brown of Ritholtz Wealth Management explained why it's tough to say if Nvidia will return to an all-time high in 2023. Finally, Liz Young of SoFi talked about the main factors she believes will determine the Federal Reserve's decision on interest rate policy.
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