Stocks rally on US-China trade deal but bond investors fear recession

“I think there’s a couple of things in the bond market that don’t connect to reality the way the equity market sees it,” said Hogan. Conversely, “I don’t think the bond market is behind that narrative,” Hogan added. “The bond market is looking at the economic data stream and reflecting on the negatives.” “Is the bond market expressing the longer term consensus? That is how the bond market is now responding to weak data — as if it is forecasting an economic storm, or even recession that may not c


“I think there’s a couple of things in the bond market that don’t connect to reality the way the equity market sees it,” said Hogan. Conversely, “I don’t think the bond market is behind that narrative,” Hogan added. “The bond market is looking at the economic data stream and reflecting on the negatives.” “Is the bond market expressing the longer term consensus? That is how the bond market is now responding to weak data — as if it is forecasting an economic storm, or even recession that may not c
Stocks rally on US-China trade deal but bond investors fear recession Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: patti domm, ralph orlowski, bloomberg, getty images, -chris rupkey, chief financial economist, mufg union bank
Keywords: news, cnbc, companies, recession, uschina, trade, fear, bond, trading, think, market, rates, growth, investors, stock, deal, stocks, pande, rally, fed


Stocks rally on US-China trade deal but bond investors fear recession

Trade talks between the U.S. and China appear to be making some progress and are scheduled to continue in the coming week. That has helped lift stocks, with the S&P 500 up 2.5 percent and the Dow gaining 3 percent in the past week.

The Federal Reserve’s about-face on policy in January has also helped lift stocks and keep bond yields low. After its Jan. 30 meeting, the central bank indicated it is not in a hurry to raise interest rates, and that it could slow down the process to reduce its balance sheet.

For their part, stock investors love low interest rates and an easy Fed. Lower rates also means bond yields do not need to move higher, particularly in an economy that is growing slower with no inflation pressures.

Important for investors is that when these two markets trade in the same direction, there ultimately is a breakout and one dictates direction.

“I think there’s a couple of things in the bond market that don’t connect to reality the way the equity market sees it,” said Hogan.

In his view, the stock market is moving higher based on three assumptions: An end to the U.S.-China trade fight, an accomodative Fed, and continued economic stability in both the U.S. and China.

Conversely, “I don’t think the bond market is behind that narrative,” Hogan added. “The bond market is looking at the economic data stream and reflecting on the negatives.”

Vinay Pande, head of trading strategies at UBS Global Wealth Management, said that the bond market is not trading as if it were reflecting the same growth expectations of the stock market. “Most economists think the economy is slowing, but we don’t know how much it’s slowing. That’s a bit of an issue for the Fed, and that’s why they’re going to be on hold.”

He explained that currently, bonds look as if they see growth a full percentage point below what economists have forecast. The median fourth quarter GDP growth forecast is 2.4 percent, while first quarter is 2 percent, according to CNBC/Moody’s Analytics Rapid Update.

“Is the bond market expressing the longer term consensus? No, it’s not,” said Pande. “The bond market is really trading like it’s a reinsurance market,” where reinsurers will raise prices with each successive event: If there were hurricanes five years in a row, they would still charge as though another hurricane was expected in the sixth year.

That is how the bond market is now responding to weak data — as if it is forecasting an economic storm, or even recession that may not come.

“There’s a muscle memory to this,” Pande added.


Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: patti domm, ralph orlowski, bloomberg, getty images, -chris rupkey, chief financial economist, mufg union bank
Keywords: news, cnbc, companies, recession, uschina, trade, fear, bond, trading, think, market, rates, growth, investors, stock, deal, stocks, pande, rally, fed


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It’s too early to turn bullish on stocks, Louise Yamada warns

Louise Yamada believes the market downturn is not securely in the past. Yamada, who runs Louise Yamada Technical Research Advisors, acknowledges that 2800 is a key level on the S&P 500. “If you look back at the 2015 chart, there it went through it considerably three times and couldn’t progress much beyond it,” said Yamada. The S&P 500 hit its all-time high of 2940 on Sept. 21, 2018. Since the December low, the S&P 500 has surged 18 percent and closed Friday at 2775.60.


Louise Yamada believes the market downturn is not securely in the past. Yamada, who runs Louise Yamada Technical Research Advisors, acknowledges that 2800 is a key level on the S&P 500. “If you look back at the 2015 chart, there it went through it considerably three times and couldn’t progress much beyond it,” said Yamada. The S&P 500 hit its all-time high of 2940 on Sept. 21, 2018. Since the December low, the S&P 500 has surged 18 percent and closed Friday at 2775.60.
It’s too early to turn bullish on stocks, Louise Yamada warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: stephanie landsman, daniel acker, bloomberg, getty images, michael nagle, jacob w frank, david a grogan
Keywords: news, cnbc, companies, warns, market, louise, low, stocks, sp, high, 500, turn, early, yamada, rally, bullish, look, 2800


It's too early to turn bullish on stocks, Louise Yamada warns

Louise Yamada believes the market downturn is not securely in the past.

According to the Wall Street technician, a retest of the December low is possible.

“It’s too soon to know from our perspective whether it’s a rally in a bear market or an extension of the 2009 bull because rallies can retrace through to the high and still fail,” she said Thursday on CNBC’s “Futures Now.”

Yamada, who runs Louise Yamada Technical Research Advisors, acknowledges that 2800 is a key level on the S&P 500. But she contends getting through that threshold doesn’t ensure stocks are out of the woods.

“[You] still have to look at the characteristic of the market as it approaches the old high because sometimes it can roll over once again,” she said.

She uses 2015 as an example of a rally that failed to hold.

“If you look back at the 2015 chart, there it went through it considerably three times and couldn’t progress much beyond it,” said Yamada. “So, I think we’re due for a little testing.”

The S&P 500 hit its all-time high of 2940 on Sept. 21, 2018. By December, the index was getting battered by a deep correction — with the biggest plunge happening on Christmas Eve.

Since the December low, the S&P 500 has surged 18 percent and closed Friday at 2775.60.

“The best case would be for the markets to go sideways here between 2600 and 2800 which would be constructive and allow for a period of repair which thereafter a push through 2800 could be more meaningful,” Yamada said.


Company: cnbc, Activity: cnbc, Date: 2019-02-17  Authors: stephanie landsman, daniel acker, bloomberg, getty images, michael nagle, jacob w frank, david a grogan
Keywords: news, cnbc, companies, warns, market, louise, low, stocks, sp, high, 500, turn, early, yamada, rally, bullish, look, 2800


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Russell’s Douglas Gordon: Historic rally may set investors up for pain

Money manager urges investors to rebalance portfolios as stocks surge 4:28 PM ET Fri, 15 Feb 2019 | 01:14Money manager Douglas Gordon is worried about a potentially widespread problem in long-term investors’ portfolios. Gordon, who’s instrumental in building Russell Investments’ asset allocation strategies, believes many investors haven’t rebalanced their portfolios to reflect the historic 2019 stock market rally. According to Gordon, the market rally’s robust gains are tilting investors too far


Money manager urges investors to rebalance portfolios as stocks surge 4:28 PM ET Fri, 15 Feb 2019 | 01:14Money manager Douglas Gordon is worried about a potentially widespread problem in long-term investors’ portfolios. Gordon, who’s instrumental in building Russell Investments’ asset allocation strategies, believes many investors haven’t rebalanced their portfolios to reflect the historic 2019 stock market rally. According to Gordon, the market rally’s robust gains are tilting investors too far
Russell’s Douglas Gordon: Historic rally may set investors up for pain Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-16  Authors: stephanie landsman, michael nagle, bloomberg, getty images, andrew harrer, brendan mcdermid, don emmert, afp, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, stocks, markets, market, whos, portfolios, russells, douglas, manager, historic, rally, pain, right, gordon, set, investors


Russell's Douglas Gordon: Historic rally may set investors up for pain

Money manager urges investors to rebalance portfolios as stocks surge 4:28 PM ET Fri, 15 Feb 2019 | 01:14

Money manager Douglas Gordon is worried about a potentially widespread problem in long-term investors’ portfolios.

Gordon, who’s instrumental in building Russell Investments’ asset allocation strategies, believes many investors haven’t rebalanced their portfolios to reflect the historic 2019 stock market rally.

According to Gordon, the market rally’s robust gains are tilting investors too far into stocks.

The bottom line: If there’s another pullback, it’ll leave them wide open to losses that may have been avoidable.

“It’s a good time to re-assess where you’re at with respect to being diversified in a multi-asset solution,” the firm’s senior portfolio manager said Friday on CNBC’s “Trading Nation.”

Since the Christmas Eve plunge, the S&P 500 has soared 18 percent. Because of the market’s sharp rebound, Gordon suspects a 3 to 5 percent sell-off could strike stocks in the coming weeks.

For protection, Gordon recommends taking some profits from the historic rally. Plus, he’d consider going overseas, a strategy he’s employing right now as part of a balanced allocation strategy.

“I’d probably right now prefer to take my higher beta exposures maybe in EM [emerging markets],” said Gordon, who’s responsible for $48.5 billion of the firm’s assets.


Company: cnbc, Activity: cnbc, Date: 2019-02-16  Authors: stephanie landsman, michael nagle, bloomberg, getty images, andrew harrer, brendan mcdermid, don emmert, afp, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, stocks, markets, market, whos, portfolios, russells, douglas, manager, historic, rally, pain, right, gordon, set, investors


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Investors may have already missed out on the bulk of the market’s gains this year

Investors expecting the stock market to build on the robust start it’s seen in 2019 don’t have history on their side. A lot will have to go right to continue the best market start in 32 years. After all, the year-to-date gain, which eclipsed 10 percent for the S&P 500 during Friday’s rally, is already better than what the index typically sees over an entire year. Recent years in this bull market, though, have shown that outsized gains are possible. Difficult as it was to endure, the late-2018 sl


Investors expecting the stock market to build on the robust start it’s seen in 2019 don’t have history on their side. A lot will have to go right to continue the best market start in 32 years. After all, the year-to-date gain, which eclipsed 10 percent for the S&P 500 during Friday’s rally, is already better than what the index typically sees over an entire year. Recent years in this bull market, though, have shown that outsized gains are possible. Difficult as it was to endure, the late-2018 sl
Investors may have already missed out on the bulk of the market’s gains this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: jeff cox, brendan mcdermid
Keywords: news, cnbc, companies, ended, market, sp, investors, expecting, start, 500, bulk, gains, missed, saw, rally, dont, markets


Investors may have already missed out on the bulk of the market's gains this year

Investors expecting the stock market to build on the robust start it’s seen in 2019 don’t have history on their side.

A lot will have to go right to continue the best market start in 32 years. After all, the year-to-date gain, which eclipsed 10 percent for the S&P 500 during Friday’s rally, is already better than what the index typically sees over an entire year.

Recent years in this bull market, though, have shown that outsized gains are possible. In 2017, the market jumped 19.4 percent, 2013 saw a 29.6 percent surge and 2009, the year that saw the crisis bottom, ended with the S&P 500 up 23.4 percent.

Source: FactSet

But someone looking to jump into the market now and expecting to make money by the time the calendar rolls over 2020 will need the following stars to align: positive U.S.-China trade talks, continued reluctance by the Federal Reserve to raise interest rates, and the economy and corporate profits to stay out of recession, just to name three.

The market was in a funk during the fourth quarter of 2018 that began with Fed fears and ended with a blowout selling frenzy that resulted in the worst Christmas Eve in Wall Street history.

Difficult as it was to endure, the late-2018 slide and the early 2019 rally may portend good things for investors the rest of the year.

“The quickness by which you’ve come out of the gate is uncommon. But January’s irregularity is just as irregular as what we had in December,” said Jim Paulsen, chief investment strategist at the Leuthold Group. “I don’t remember another December in my 36 [professional] years that was like that, ever. It was weird and odd and January is equally so, and I think they’re not unrelated in some sense.”


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: jeff cox, brendan mcdermid
Keywords: news, cnbc, companies, ended, market, sp, investors, expecting, start, 500, bulk, gains, missed, saw, rally, dont, markets


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One tech stock is up 300 percent in a year, but chart analyst calls it a FOMO rally

Twilio has surged more than 300 percent in 12 months, miles ahead of double-digt gains by Adobe, Workday and Salesforce. Blue Line Futures’ Bill Baruch says it might be too late to jump into the stock now. “Don’t simply chase this stock because of FOMO [fear of missing out]. It broke out above a potential ‘butting bearish wedge’ and that breakout level is going to be support above that trend line. A “butting bearish wedge” is formed when a trading range narrows as prices rise — Twilio broke out


Twilio has surged more than 300 percent in 12 months, miles ahead of double-digt gains by Adobe, Workday and Salesforce. Blue Line Futures’ Bill Baruch says it might be too late to jump into the stock now. “Don’t simply chase this stock because of FOMO [fear of missing out]. It broke out above a potential ‘butting bearish wedge’ and that breakout level is going to be support above that trend line. A “butting bearish wedge” is formed when a trading range narrows as prices rise — Twilio broke out
One tech stock is up 300 percent in a year, but chart analyst calls it a FOMO rally Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: keris lahiff, michael nagle, bloomberg, getty images, daniel acker, zhang peng, lightrocket, jason alden, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, baruch, going, 300, chase, twilio, trading, calls, id, bearish, chart, tech, rally, analyst, broke, wedge, stock, fomo


One tech stock is up 300 percent in a year, but chart analyst calls it a FOMO rally

One cloud tech stock has risen further and faster than all the rest.

Twilio has surged more than 300 percent in 12 months, miles ahead of double-digt gains by Adobe, Workday and Salesforce.

Blue Line Futures’ Bill Baruch says it might be too late to jump into the stock now.

“Don’t simply chase this stock because of FOMO [fear of missing out]. I’d rather miss a move than chase something,” Baruch said on CNBC’s “Trading Nation” on Wednesday. “Yes, Twilio is strong. It broke out above a potential ‘butting bearish wedge’ and that breakout level is going to be support above that trend line. Still, though, I wouldn’t chase this.”

On top of its 12-month surge, the stock has risen 20 percent just this year and reached record highs as recently as this week. A “butting bearish wedge” is formed when a trading range narrows as prices rise — Twilio broke out of this bearish channel earlier this year.

Instead of getting in now, Baruch is waiting for the cloud software stock to come back down to a more attractive entry point.

“It is out above the 50-day, 100-day, 200-day moving averages, but I’d wait for a little bit of a pullback coming into there. Look at a retracement,” said Baruch. Around “$85 or $90 – that’s where you’re going to find value in the stock rather than just chasing it.”

The bottom end of that range at $85 represents a 21 percent drop from Wednesday’s close of $106.87. Twilio first broke above that level last September.

Stacey Gilbert, head of derivative strategy at Susquehanna, says the stock is likely to continue its upward sprint based on market activity.

“Options are the market’s best guess of where the stock is going to be in the future, it’s the positioning of the future, and that remains bullish,” Gilbert said on “Trading Nation” on Wednesday. “So while the stock may be pulling back a little bit [on Wednesday] as a knee-jerk reaction and some profit-taking, I’d make an argument that the sentiment overall remains bullish.”

Twilio fell 7 percent on Wednesday after topping fourth-quarter earnings estimates, but falling short on first-quarter guidance.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: keris lahiff, michael nagle, bloomberg, getty images, daniel acker, zhang peng, lightrocket, jason alden, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, baruch, going, 300, chase, twilio, trading, calls, id, bearish, chart, tech, rally, analyst, broke, wedge, stock, fomo


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Emerging markets set for a ‘rally’ after last year’s rout, says strategist

With the U.S. Federal Reserve pledging to be “patient” in future rate hikes, emerging markets should do better this year, and may in fact even have “a decent rally,” one strategist told CNBC on Monday. Last year, economic troubles in Argentina and Turkey, as well as the Fed tightening monetary policy, had caused a selloff in several emerging market currencies. Some emerging market stock indexes also saw steep declines. But those markets should turn around this year, said Mary Nicola, a G-10 fore


With the U.S. Federal Reserve pledging to be “patient” in future rate hikes, emerging markets should do better this year, and may in fact even have “a decent rally,” one strategist told CNBC on Monday. Last year, economic troubles in Argentina and Turkey, as well as the Fed tightening monetary policy, had caused a selloff in several emerging market currencies. Some emerging market stock indexes also saw steep declines. But those markets should turn around this year, said Mary Nicola, a G-10 fore
Emerging markets set for a ‘rally’ after last year’s rout, says strategist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: weizhen tan, -mary nicola, asian fixed income strategist at eastspring invest
Keywords: news, cnbc, companies, rout, market, rally, set, hikes, markets, saw, patient, emerging, strategist, told, em, fed


Emerging markets set for a 'rally' after last year's rout, says strategist

With the U.S. Federal Reserve pledging to be “patient” in future rate hikes, emerging markets should do better this year, and may in fact even have “a decent rally,” one strategist told CNBC on Monday.

Last year, economic troubles in Argentina and Turkey, as well as the Fed tightening monetary policy, had caused a selloff in several emerging market currencies. Some emerging market stock indexes also saw steep declines. Rising interest rates stateside make it harder for emerging economies to service their U.S-dollar debt.

But those markets should turn around this year, said Mary Nicola, a G-10 foreign exchange and Asian fixed income strategist at Eastspring Investments.

“Now that the Fed is going to be patient, we think that EM has a bit to go. If you look at what we saw last year in terms of emerging markets, the EM rout had much to do with the fact that the Fed was hiking,” she told CNBC’s “Squawk Box” on Monday. “Now that the Fed hikes are off the table for a little bit, and the Fed can afford to be patient, EM funding conditions won’t be as tight as it was before.”


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: weizhen tan, -mary nicola, asian fixed income strategist at eastspring invest
Keywords: news, cnbc, companies, rout, market, rally, set, hikes, markets, saw, patient, emerging, strategist, told, em, fed


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Tesla shares jump after Canaccord Genuity upgrades the stock and predicts 40% rally from here

Canaccord upgraded Tesla to buy from hold and raised its 12-month price target to $450 from $330. “The EV penetration story is underappreciated by the Street,” wrote analyst Jed Dorsheimer in a note to clients Monday. Canaccord’s new 12-month price target represents a gain of 47 percent from here. The stock jumped 2 percent in premarket trading Monday amid the Canaccord call. The shares fell at the end of January after the company posted a fourth-quarter profit that fell short of Wall Street exp


Canaccord upgraded Tesla to buy from hold and raised its 12-month price target to $450 from $330. “The EV penetration story is underappreciated by the Street,” wrote analyst Jed Dorsheimer in a note to clients Monday. Canaccord’s new 12-month price target represents a gain of 47 percent from here. The stock jumped 2 percent in premarket trading Monday amid the Canaccord call. The shares fell at the end of January after the company posted a fourth-quarter profit that fell short of Wall Street exp
Tesla shares jump after Canaccord Genuity upgrades the stock and predicts 40% rally from here Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: john melloy, aly song
Keywords: news, cnbc, companies, rally, jump, target, street, canaccord, upgrades, genuity, cash, concerns, shares, predicts, price, company, view, 40, stock, tesla, upgraded


Tesla shares jump after Canaccord Genuity upgrades the stock and predicts 40% rally from here

Tesla shares got off to the week with a good start after Canaccord Genuity upgraded the stock and predicted a monster rally from here as electric vehicle penetration improves and the company gets closer to building a car that is affordable for the masses.

Canaccord upgraded Tesla to buy from hold and raised its 12-month price target to $450 from $330.

“The EV penetration story is underappreciated by the Street,” wrote analyst Jed Dorsheimer in a note to clients Monday. “We see a more stable 2019 with far fewer concerns for investors in the company.”

Tesla closed Friday at $305.80, down 8 percent for the year. Canaccord’s new 12-month price target represents a gain of 47 percent from here. The stock jumped 2 percent in premarket trading Monday amid the Canaccord call.

The shares fell at the end of January after the company posted a fourth-quarter profit that fell short of Wall Street expectations. The Elon Musk-led company said it would focus on reducing costs in 2019 and also said its cash position improved to $3.7 billion.

“We view the recent string of price cuts as further proof that the cost cutting and right sizing that the company has undertaken are resulting in concrete movement towards the ultimate goal of an affordable $35,000 Model 3,” added Dorsheimer. “With the strong operating cash flow generation of $1.23B and cash on the balance sheet of $3.7B, the liquidity concerns and convertible note repayment are no longer valid concerns in our view.”

— With reporting by Michael Bloom.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: john melloy, aly song
Keywords: news, cnbc, companies, rally, jump, target, street, canaccord, upgrades, genuity, cash, concerns, shares, predicts, price, company, view, 40, stock, tesla, upgraded


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Rally Rd wants to make owning expensive sports cars more accessible

Rally Rd, a New York-based fintech company that allows small investors to invest in rare collectibles, is giving the term asset diversification a whole new meaning. However, Rally Rd has come up with a middle-ground solution. The Lamborghini, which priced at $127 per share, is one of at least 10 cars Rally Rd offers to its app users, but is aiming for 100 by year’s end. Rally Rd aims to make investing more accessible to the small investor. He explained that the average Rally Rd investor can “enj


Rally Rd, a New York-based fintech company that allows small investors to invest in rare collectibles, is giving the term asset diversification a whole new meaning. However, Rally Rd has come up with a middle-ground solution. The Lamborghini, which priced at $127 per share, is one of at least 10 cars Rally Rd offers to its app users, but is aiming for 100 by year’s end. Rally Rd aims to make investing more accessible to the small investor. He explained that the average Rally Rd investor can “enj
Rally Rd wants to make owning expensive sports cars more accessible Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-10  Authors: javier e david, rally rd
Keywords: news, cnbc, companies, accessible, owning, expensive, cars, investors, theyre, share, million, liquid, asset, car, small, rally, wants, rd


Rally Rd wants to make owning expensive sports cars more accessible

For car aficionados that have always wanted to own a fancy trophy car without having to shell out hundreds of thousands of dollars for the privilege, a financial technology upstart has come up with the perfect solution.

Rally Rd, a New York-based fintech company that allows small investors to invest in rare collectibles, is giving the term asset diversification a whole new meaning. The platform has raised more than $10 million from a range of investors like Jeffrey Katzenberg’s & Anthony Saleh’s WndrCo, rapper/venture capitalist Nas, and Acorns co-founder Jeff Cruttenden.

Rally Rd, which has the blessing of the SEC, lets investors purchase shares of classic automobiles like Ferraris, Porsches, Lamborghinis and other classic models for as little as $50 per share. There’s a catch: Although purchasers of a Rally Rd asset are technically shareholders of an asset, they’re deprived of the joys associated with getting behind the wheel, taking the car out for a spin – or even seeing it up close.

However, Rally Rd has come up with a middle-ground solution. Last month, the company opened a live showroom in New York City’s SoHo neighborhood, with a 1980 Lamborghini Countach Turbo stationed in its center. The Lamborghini, which priced at $127 per share, is one of at least 10 cars Rally Rd offers to its app users, but is aiming for 100 by year’s end.

Rally Rd’s objective is to use showrooms to give potential investors an opportunity to view what they’re buying, even if they’ll never get the chance to drive it on the road.

Rally Rd aims to make investing more accessible to the small investor. Still, the market for collectible cars isn’t less than liquid and requires lots of disposable income to participate. It raises the question of why anyone would want to buy a piece of an asset it can’t physically own.

“If you don’t have $10 million liquid, you’re not even in the class of investing in this and driving significant value,” Rally Rd co-founder and CEO Christopher Bruno told CNBC in a recent interview.

He explained that the average Rally Rd investor can “enjoy the ownership effect” without the headaches and expense associated with maintaining a blue-chip car.


Company: cnbc, Activity: cnbc, Date: 2019-02-10  Authors: javier e david, rally rd
Keywords: news, cnbc, companies, accessible, owning, expensive, cars, investors, theyre, share, million, liquid, asset, car, small, rally, wants, rd


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Chip stocks fall after Goldman and others warn they’ve gotten ahead of themselves

The Goldman warning comes amid a strong rally in chipmaker stocks, which bounced off a steep December decline and have since posted double-digit gains to start the new year. Angst mounted in the semiconductors space in late in 2018 amid the U.S.-China trade war and general concerns around China’s economic growth. While the Greensboro, North Carolina-based semiconductor company topped analyst profit expectations in the third quarter, it offered fourth-quarter earnings guidance of $1.05, well belo


The Goldman warning comes amid a strong rally in chipmaker stocks, which bounced off a steep December decline and have since posted double-digit gains to start the new year. Angst mounted in the semiconductors space in late in 2018 amid the U.S.-China trade war and general concerns around China’s economic growth. While the Greensboro, North Carolina-based semiconductor company topped analyst profit expectations in the third quarter, it offered fourth-quarter earnings guidance of $1.05, well belo
Chip stocks fall after Goldman and others warn they’ve gotten ahead of themselves Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: thomas franck, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, stocks, analyst, semiconductor, goldman, theyve, warn, company, chip, rally, steep, smartphone, semiconductors, gotten, space, earnings, ahead, fall


Chip stocks fall after Goldman and others warn they've gotten ahead of themselves

The Goldman warning comes amid a strong rally in chipmaker stocks, which bounced off a steep December decline and have since posted double-digit gains to start the new year. Angst mounted in the semiconductors space in late in 2018 amid the U.S.-China trade war and general concerns around China’s economic growth. Demand also slowed between softer iPhone sales and a deceleration in cryptocurrency mining ventures.

And while those fears abated in the final days of 2018 and into the new year, Goldman and others have cautioned that the pain may not be over yet.

“Our near-term caution about being too early on memory is not just about avoiding catching a falling knife, but also the fact that upturns typically last for a year or longer,” Delaney added. “It’s only the second quarter of the DRAM downturn, and while NAND has been weak for several quarters there are still high levels of NAND inventory and demand in key markets like smartphones is quite weak.”

Also weighing on the chipmaker space Friday was Qorvo’s quarterly earnings report. While the Greensboro, North Carolina-based semiconductor company topped analyst profit expectations in the third quarter, it offered fourth-quarter earnings guidance of $1.05, well below consensus estimates of $1.33. The company reported earnings Thursday after market close.

“Qorvo’s March quarterly guidance reflects weakness in the broader smartphone market, partially offset by content gains with the leading Korea-based smartphone manufacturer and double-digit, year-over-year growth in IDP,” Chief Financial Officer Mark Murphy said of the projection. Qorvo’s stock was last seen down more than 6 percent.

Mizuho also penned a more bearish note on semiconductor stocks Friday. Analyst Vijay Rakesh downgraded Dutch chip manufacturer NXP Semiconductors, telling clients that while management’s cost control initiative is appreciated, the company’s 2019 global GDP outlook looks a little optimistic. Further, the stock’s valuation seems steep following a 40 percent rally since December, the analyst wrote.

“While CEO Rick Clemmer and CFO Peter Kelly have executed well with cost controls and steering the company, we are moving to the sidelines as we see continued challenges in China and Europe with auto and industrial headwinds limiting meaningful upside,” he wrote.

NXP fell 2.8 percent Friday.

— CNBC’s Michael Bloom contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: thomas franck, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, stocks, analyst, semiconductor, goldman, theyve, warn, company, chip, rally, steep, smartphone, semiconductors, gotten, space, earnings, ahead, fall


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After markets go from one extreme to another, one technician sees an ‘inflection point’

Back on Christmas Eve, just three stocks of the Nasdaq 100 were trading above their 50-day moving average. “On top of that, you’re aligned with the 200-day moving average, 7,050 to 7,060. “The really one big economic thing I’m going to be looking at in Q2 is global PMI [Purchasing Managers’ Index]. If global PMI starts to stabilize, if all those factors start to finally show sequential growth, then yes, you have a legitimate case for further upside. Otherwise it’s very much a bear market rally a


Back on Christmas Eve, just three stocks of the Nasdaq 100 were trading above their 50-day moving average. “On top of that, you’re aligned with the 200-day moving average, 7,050 to 7,060. “The really one big economic thing I’m going to be looking at in Q2 is global PMI [Purchasing Managers’ Index]. If global PMI starts to stabilize, if all those factors start to finally show sequential growth, then yes, you have a legitimate case for further upside. Otherwise it’s very much a bear market rally a
After markets go from one extreme to another, one technician sees an ‘inflection point’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: keris lahiff, drew angerer, getty images, brendan mcdermid, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, extreme, schlossberg, global, technician, markets, moving, nasdaq, pmi, line, rally, point, trading, market, inflection, sees, average


After markets go from one extreme to another, one technician sees an 'inflection point'

Market swings from one extreme to another since December 2:52 PM ET Wed, 6 Feb 2019 | 04:41

Stocks have gone from one extreme to another.

Back on Christmas Eve, just three stocks of the Nasdaq 100 were trading above their 50-day moving average. Now, 93 are above the short-term trend line, illustrating a massive bounce off lows. That’s the biggest swing ever,

“Some of the sharpest rallies come in bear markets,” Blue Line Futures’s Bill Baruch said on CNBC’s “Trading Nation” on Wednesday. “Where we are right now, we are hitting a bit of an inflection point.”

The Nasdaq 100 broke above its 50-day moving average in mid-January, consolidated through last week, and is now breaking out again, says Baruch.

“On top of that, you’re aligned with the 200-day moving average, 7,050 to 7,060. There’s a tremendous amount of resistance up there. It tells me that this range, this rally has been extended and it’s time for it to come in,” said Baruch.

The Nasdaq 100, an index that includes Apple and Amazon, is trading just below its 200-day moving average. It has not traded firmly above that long-term trend line since October. However, it has rallied 19 percent off its December lows.

“What would convince me that this is not just a bear market rally would be a pullback of roughly 5 percent, something healthy where this market can come back a little bit and people don’t panic and then it can go back higher,” Baruch said. “I want to see that play out and then I think we can continue higher in a path similar to last year.”

Fundamentally, a global economic decline has to slow and then stabilize before BK Asset Management’s Boris Schlossberg gets bullish on the markets again.

“You’re seeing some pretty serious material slowdowns,” Schlossberg told “Trading Nation” on Wednesday. “The really one big economic thing I’m going to be looking at in Q2 is global PMI [Purchasing Managers’ Index]. If global PMI starts to stabilize, if all those factors start to finally show sequential growth, then yes, you have a legitimate case for further upside. Otherwise it’s very much a bear market rally and will peter out.”

Global economic growth slowed close to its lowest level in 2½ years in January, according to the JPMorgan Global Composite PMI. Both growth in manufacturing and services activity decelerated.

“They need to see at very minimum a stabilization in order for us to have some confidence that this rally is going to be real,” Schlossberg added.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: keris lahiff, drew angerer, getty images, brendan mcdermid, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, extreme, schlossberg, global, technician, markets, moving, nasdaq, pmi, line, rally, point, trading, market, inflection, sees, average


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