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. Since OpenAI’s ChatGPT exploded onto the scene in late 2022, mentions of generative AI have risen dramatically across C-suite transcripts, senior managing director Julian Emanuel wrote in … Read more
A bitcoin top could signal trouble for stocks – and a shift in market leadership, according to Stifel. According to Barry Bannister, Stifel’s chief equity strategist, there’s evidence the cryptocurrency may be peaking, which could lead to a pullback in investor sentiment, weaker Big Tech stocks, and a rotation into value, he said in a … Read more
While some investors are concerned that exchange-traded funds with options overlays could limit returns, experts see a key benefit at play. Morgan Stanley’s global head of ETFs Tony Rochte suggests that hedging strategies like options â serving as a bet against a fund’s equity position â also protect against significant losses. “They might be capped … Read more
Evercore ISI’s Julian Emanuel thinks Nvidia’s monster rally is fueling a fear of missing out in the market. He finds clients, including many who traded through the dot-com boom and subsequent collapse, are more worried about being underinvested than overexposed right now. “That’s the first time that’s happened since 2021 for us,” the firm’s senior … Read more
Visitors around the Charging Bull statue near the New York Stock Exchange on June 29, 2023. Victor J. Blue | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 7, 2022. Brendan Mcdermid | Reuters Stocks rose Friday as investors returned to buying equities in force in recent days following a short-lived market stumble to start the new year. The S&P 500 rose around 0.7%, trading … Read more
Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Here’s today’s edition. Big Tech selloff : Stocks were still broadly lower. But what’s different about Wednesday compared to the past two weeks was that the market pullback finally came … Read more
CNBC’s Jim Cramer on Thursday gave his take on the worst performers in the Nasdaq-100 in 2023. Cramer compared each company’s closing price in 2022 to the end of 2023, noting the biggest losers. The list included healthcare companies as well as several utilities outfits. “You’ve heard of the Dogs of the Dow? Well, now … Read more
Traders work on the floor of the New York Stock Exchange. NYSE Stocks inched up on Wednesday as traders kept an eye on the S&P 500’s march toward record levels. The S&P 500 and Nasdaq Composite gained 0.1% and about 0.2%, respectively. The Dow Jones Industrial Average rose 95 points, or more than 0.2%. The … Read more
Small cap stocks are undergoing a resurgence, and Goldman Sachs Asset Management is looking to capitalize on it through the exchange-traded fund space. “In the last five weeks, we’ve launched three new active products. Two are the premium income. One, believe it or not, is small cap core,” Brendan McCarthy, the firm’s managing director of … Read more
