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A recent selloff in shares of cybersecurity company CrowdStrike has been a buying opportunity for investors Josh Brown and Cathie Wood. That sent the stock down nearly 15%, even though CrowdStrike beat earnings expectations on both the top and bottom lines in its latest quarter. That slump provided an opportunity for Josh Brown of Ritholtz Wealth Management, who bought more of the stock to bolster his position. Cathie Wood of Ark Invest also purchased the technology name while it was falling. Wood's ARK Next Generation ETF bought more than 39,000 shares of CrowdStrike on Wednesday, a position worth about $4.6 million.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBHP Group, Nvidia, and more: CNBC's 'Halftime Report' traders answer your questionsCNBC's 'Halftime Report' traders, Bryn Talkington of Requisite Capital Management, Josh Brown of Ritholtz Wealth Management and Liz Young of SoFi answer investment-related questions from CNBC Pro subscribers. Look out for an email where you can submit your questions directly to the 'Halftime Report' team.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig Tech may remain high through year end, says Ritholtz CEO Josh BrownJosh Brown, Ritholtz Wealth Management CEO, joins 'Closing Bell: Overtime' to discuss the market rally and what it means for markets as we head into year end.
Amid the market volatility, there is one strategy that has served Ritholtz Wealth Management CEO Josh Brown well this year. Every time the Cboe Volatility Index — a measure of expected stock market volatility that is known as the VIX — hits 20, he sells something. When the VIX is between 12 and 20, volatility is considered normal. When the volatility index hit 20 this past Friday, Brown sold something. That day, the Dow Jones Industrial Average closed more than 150 points higher , while the S & P 500 closed 0.03% lower.
One Big Tech stock is at an "attractive" price point to buy right now, according to Foord Asset Management's Brian Arcese. That's Alphabet , which Arcese, a portfolio manager at the firm, expects to post growth in the "mid-teens" despite cyclical headwinds in the ad business. "At this point we're focused on companies with pricing power, sound management teams … and long-term structural competitive advantages," Arcese added. Arcese explained that Alphabet is in a "competitive position" given the continued shift from offline to online advertising. Josh Brown , co-founder and CEO of Ritholtz Wealth Management, told CNBC in early November that Alphabet is a "screaming buy."
Stephanie Link, chief investment strategist at Hightower, bought shares of Disney , calling them attractive after the return of Bob Iger signaled a clean-up at the media company. Shares of Disney closed up more than 6% Monday following the CEO change announcement, but they are down more than 2% during Tuesday trading. Brown expects that the CEO change could signal "transformative transactions" ahead at the media company, probably within the "first couple of quarters" of Iger's return. Over his previous tenure at Disney, Iger led notable acquisitions in Pixar, Marvel and Lucasfilm. Separately in the same "Halftime Report" episode, Brown named CrowdStrike the best of the cybersecurity names.
The bull market in energy is still going strong and any dips are an opportunity to buy, according to Ritholtz Wealth Management CEO Josh Brown. The Energy Select Sector SPDR Fund also regained some of its earlier losses but was still down more than 1%. Joe Terranova, a senior managing director for Virtus Investment Partners, is also bullish on energy. "These are all the companies that I believe rightfully belong in a diversified energy basket," Terranova said on " Halftime Report ." Brown likes the iShares U.S. Oil & Gas Exploration & Production exchange-traded fund, as well as Cheniere Energy , Southwest Gas and Nextera Energy.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStocks aren't fully pricing in a recession, says Ritholtz's Josh BrownJosh Brown, Ritholtz Wealth Management co-founder, joins 'Closing Bell: Overtime' to discuss NVIDIA ahead of its earnings report and retailers Target and Walmart.
The Warren Buffett curse is alive and well following the collapse of Sam Bankman-Fried and his crypto exchange FTX. Fortune magazine asked if Bankman-Fried was the next Warren Buffett in an August profile. Fortune put Bankman-Fried on the front page of its August issue, asking readers if he was in fact the next Warren Buffett? Several of Palihapitiya's SPAC companies soared in value amid the SPAC boom of 2020 and the early months of 2021. Palihapitiya was often compared to Buffett by market participants, and Brown called the investor "the new Buffett" on a podcast in January 2021.
Josh Brown, CEO of Ritholtz Wealth Management, is praising coffee chain Dutch Bros as a stock with the "right" fundamentals that will perform in the long term. In addition, Bank of America said the stock should see success both long and short term. What's hurting the stock, Brown said, is that it went public in September 2021, which Brown called "the wrong time." He said investors should look at the stock long term rather than in the context of the current market downturn. And again, I'm hoping to be in it for the long term, not for a trade."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Ritholtz Wealth Management co-founder & CEO Josh BrownCNBC's Kate Rooney and Mike Santoli, and Josh Brown, Ritholtz Wealth Management CEO, join 'Closing Bell: Overtime' to discuss markets and Binance's decision to walk away from FTX deal.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe issues in crypto wouldn't be happening if there was regulation, says Ritholtz's Josh BrownCNBC's Kate Rooney and Josh Brown, Ritholtz Wealth Management CEO, join 'Closing Bell: Overtime' to discuss Binance walking away from FTX deal and the greater markets.
The market action Tuesday in Uber Technologies is another reason to be bullish on the stock, according to Ritholtz Wealth Management CEO Josh Brown. Lyft's stock tumbled nearly 25% Tuesday after reporting worse-than-expected revenue for the third quarter and miss on active riders. "You almost never see these two trade apart from each other after reporting earnings," Brown said. "It's becoming apparent Uber is becoming the one company that's going to dominate this space, similar to what Google eventually was able to do in search." Last week, Uber reported a third-quarter loss but gave strong fourth-quarter guidance .
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Stock World Cup: Will Visa or Microsoft give investors a greater total return? As we head into the World Cup season, CNBC speaks to Josh Brown of Ritholtz Wealth Management on whether Visa or Microsoft will give investors a greater total return over the next 12 months. 01:52 38 minutes ago
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Stock World Cup: Visa vs Microsoft and Naspers vs Softbank — who wins? Heading into the World Cup season, CNBC spoke to Josh Brown of Ritholtz Wealth Management on whether Visa or Microsoft will give investors a greater total return over the next 12 months. And James Demmert from Main Street Research gives his take on who's going to be the winner between Naspers and SoftBank. 01:20 2 hours ago
But with the tech-heavy Nasdaq down more than 30% year-to-date, analysts say there are some bright spots that could offer opportunities to investors. Two stand-out Big Tech names All the major tech stocks declined sharply following the bad earnings reports last week – except for Apple , which saw its stock rise. "For me, the legacy tech companies is a melting ice cube in a lot of ways if you're in the wrong one. Buy the 'right type' of Big Tech stock There are two types of mega tech companies, according to Yoshikami. In comparing the two types of companies, Yoshikami said he likes companies that are not transitioning.
Tech stocks got clobbered this week, with the Nasdaq Composite tumbling more than 3% Wednesday after the U.S. Federal Reserve hikes rates by another 0.75 percentage point . Tech stocks have been underperforming all year, with the Nasdaq down more than 30% year-to-date. But Josh Brown , co-founder and CEO of Ritholtz Wealth Management, says one mega-cap tech stock is a "screaming buy." I don't think that's going to be the case," Brown told CNBC's "Street Signs Asia." "And so I think Alphabet right now is a screaming buy."
On Thursday's "Ask Halftime," our traders answered questions from CNBC Pro subscribers about stocks and ETFs during this market volatility, including whether to buy, sell or hold specific names. Aureus Asset Management's Karen Firestone explained why she would hold Salesforce shares, outlining steps the company can take to achieve double-digit growth over the next few years. Jim Lebenthal of Cerity Partners said he likes Kinder Morgan as a way to play the energy space. He noted that the stock has been a steady one for the market's top performing sector this year. Finally, Josh Brown of Ritholtz Wealth Management shares his thoughts on Matterport , noting he bought the stock at much higher levels, but does not recommend buying it in the current market environment.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSalesforce, Kinder Morgan, and more: CNBC's 'Halftime Report' traders answer your questionsCNBC's Halftime traders Karen Firestone of Aureus Asset Management, Jim Lebenthal of Cerity Partners, and Josh Brown of Ritholtz Wealth Management answer investment-related questions from CNBC Pro subscribers. Look out for an email where you can submit your questions directly to the Halftime team.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRitholtz Wealth Management's Josh Brown discusses buying Big TechJosh Brown, CEO of Ritholtz Wealth Management, discusses investing in the tech sector and says one stock is a "screaming buy."
"It's just too high of a rate to assume that all of these great consumer businesses that make up the S & P can flourish," he said. "Almost every name in this group – the 40 names in the S & P 500 insurance sector – are within 3% to 5% of record-high prices," he said. "There's nothing like this in the market right now," he added. The iShares U.S. Insurance ETF is up more than 9% year to date, versus the S & P 500's roughly 19% dip. He also noted that catastrophic weather could give them the ability to get higher policy renewal rates and higher prices for those policies.
Investments in the U.S. Treasury's Series I savings bonds have surged this year as prices climbed and so far show few signs of easing. I bonds offer holders a standard fixed rate together with a variable rate that shifts every six months, the latter depending on the latest consumer price index numbers. Even putting a few thousand dollars in the bond could offer a decent cash cushion for times ahead, she said. While a safe haven for cash, I bonds are not an alternative to investing, McLoughlin said. Despite the market's dismal performance this year, equities offer much better returns for those with longer time horizons, she said.
Ritholtz Wealth Management CEO Josh Brown is taking advantage of Meta's stock plunge. He bought shares before the open Thursday, although it is not a substantial position, he said on CNBC's " Halftime Report ." Brown's move isn't necessarily an endorsement of the company or its CEO Mark Zuckerberg . "I can come in today and make the bet that this guy doesn't want to burn his own house down," Brown said. "The issues with Meta — the spending, the lack of focus, the lack of clarity — all of that stuff I think is fixable," Brown said.
Meta misses earnings, but beats on revenue
  + stars: | 2022-10-26 | 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 EmailMeta misses earnings, but beats on revenueCNBC's Julia Boorstin joins 'Closing Bell: Overtime' to report on Meta's third quarter earnings. Ritholtz Wealth Management's Josh Brown and Hightower's Stephanie Link react.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft, Simon Property, and more: CNBC's 'Halftime Report' traders answer your questionsCNBC's Halftime traders Josh Brown of Ritholtz Wealth Management, Shannon Saccocia of SVB Private Bank, and Jim Lebenthal of Cerity Partners answer investment-related questions from CNBC Pro subscribers. Look out for an email where you can submit your questions directly to the Halftime team.
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