Jim Cramer: Invest in ‘big, apolitical themes that work no matter what’

Jim Cramer: Invest in ‘big, apolitical themes that work no matter what’With trade and other headwinds impacting multiple sectors, the “Mad Money” host urges viewers buy stocks into weakness that are bound to comeback.


Jim Cramer: Invest in ‘big, apolitical themes that work no matter what’With trade and other headwinds impacting multiple sectors, the “Mad Money” host urges viewers buy stocks into weakness that are bound to comeback.
Jim Cramer: Invest in ‘big, apolitical themes that work no matter what’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-10
Keywords: news, cnbc, companies, stocks, multiple, sectors, themes, jim, viewers, trade, apolitical, invest, whatwith, weakness, urges, work, matter, big, cramer


Jim Cramer: Invest in 'big, apolitical themes that work no matter what'

Jim Cramer: Invest in ‘big, apolitical themes that work no matter what’

With trade and other headwinds impacting multiple sectors, the “Mad Money” host urges viewers buy stocks into weakness that are bound to comeback.


Company: cnbc, Activity: cnbc, Date: 2019-12-10
Keywords: news, cnbc, companies, stocks, multiple, sectors, themes, jim, viewers, trade, apolitical, invest, whatwith, weakness, urges, work, matter, big, cramer


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CIBC Private Wealth: In a volatile 2020, these sectors can climb

Stocks have performed strongly heading into the new year, maintaining their notable year-to-date gains despite starting December on a downbeat note. The S&P 500 is up over 24% for 2019 as of Thursday’s close, on pace for its best annual performance since 2013. We think the bull market will a year from now … still be in a bull market, although we don’t expect nearly the sort of gains for the S&P certainly that we’re seeing this year.” “The consensus estimates are for 9 or 10% operating earnings


Stocks have performed strongly heading into the new year, maintaining their notable year-to-date gains despite starting December on a downbeat note.
The S&P 500 is up over 24% for 2019 as of Thursday’s close, on pace for its best annual performance since 2013.
We think the bull market will a year from now … still be in a bull market, although we don’t expect nearly the sort of gains for the S&P certainly that we’re seeing this year.”
“The consensus estimates are for 9 or 10% operating earnings
CIBC Private Wealth: In a volatile 2020, these sectors can climb Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: lizzy gurdus
Keywords: news, cnbc, companies, cibc, private, volatile, sectors, 2020, growth, donabedian, seeing, bull, wealth, climb, earnings, market, think, starting


CIBC Private Wealth: In a volatile 2020, these sectors can climb

Investors are starting to get 2020 vision.

Stocks have performed strongly heading into the new year, maintaining their notable year-to-date gains despite starting December on a downbeat note. The S&P 500 is up over 24% for 2019 as of Thursday’s close, on pace for its best annual performance since 2013.

Now, buyers are shifting their attention to the pivotal year ahead, one that will likely see a heated race for the White House along with potential developments in the U.S.-China trade dispute that has been weighing on markets for the better part of two years.

Dave Donabedian, chief investment officer for CIBC Private Wealth Management, said Wall Street is likely to get “a continuation” of the not-too-strong, not-too-weak macroeconomic backdrop that has paved the way for stocks to climb for much of 2019.

Between “mediocre economic growth, low inflation, low interest rates [and] easy money from global central banks,” much of next year’s setup will be similar to this year’s — with a few exceptions, Donabedian said Thursday on CNBC’s “Trading Nation.”

“The one thing I think will be different, and a positive, is I think we’ll see some earnings growth next year whereas we’re really not seeing any in 2019,” Donabedian said. “So, we do think there’s upside for the market next year. We think the bull market will a year from now … still be in a bull market, although we don’t expect nearly the sort of gains for the S&P certainly that we’re seeing this year.”

Donabedian, whose firm handles approximately $59 billion in assets, said he is targeting a 6-8% total return for the S&P in 2020 based on what he expects to be 5% growth in operating earnings.

“We don’t see a lot of room for multiple expansion,” he said, adding that equity price increases will “have to be driven by earnings.”

“The consensus estimates are for 9 or 10% operating earnings growth. We think that’s too high,” Donabedian said. “Those estimates are already coming down. We think they’ll settle in probably in the 5 to 7% range, looking at some decent revenue growth and a little bit of productivity on top of that. But that earnings growth is really a necessary component if we’re going to continue to see the bull market extend through 2020.”


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: lizzy gurdus
Keywords: news, cnbc, companies, cibc, private, volatile, sectors, 2020, growth, donabedian, seeing, bull, wealth, climb, earnings, market, think, starting


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European markets higher ahead of data and OPEC meeting; Moncler up 11%

The pan-European Stoxx 600 was 0.3% higher with most sectors trading in the black. Household goods was among the top-performing sectors on reports that Kering is considering buying the Italian brand Moncler. Overall, investors are closely monitoring trade talks between China and the U.S. amid mixed signals about their progress. However, President Donald Trump has said that he could decide to delay a trade deal with China until after the 2020 Presidential election. The statement comes after two-d


The pan-European Stoxx 600 was 0.3% higher with most sectors trading in the black.
Household goods was among the top-performing sectors on reports that Kering is considering buying the Italian brand Moncler.
Overall, investors are closely monitoring trade talks between China and the U.S. amid mixed signals about their progress.
However, President Donald Trump has said that he could decide to delay a trade deal with China until after the 2020 Presidential election.
The statement comes after two-d
European markets higher ahead of data and OPEC meeting; Moncler up 11% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: silvia amaro
Keywords: news, cnbc, companies, sectors, trade, moncler, data, opec, statement, china, deal, twodays, trump, higher, meeting, talks, transatlantic, ahead, markets, european


European markets higher ahead of data and OPEC meeting; Moncler up 11%

The pan-European Stoxx 600 was 0.3% higher with most sectors trading in the black. Household goods was among the top-performing sectors on reports that Kering is considering buying the Italian brand Moncler. Shares of the latter rose 11% in early deals.

Overall, investors are closely monitoring trade talks between China and the U.S. amid mixed signals about their progress. According to a Bloomberg report, citing people familiar with the talks, the two economies are moving closer on their first-phase deal. However, President Donald Trump has said that he could decide to delay a trade deal with China until after the 2020 Presidential election.

Elsewhere, a joint statement by NATO leaders on Wednesday said that the transatlantic alliance will stand together against threats from Russia and China. The statement comes after two-days of intense meetings in the U.K., where members clashed over the organization’s role.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: silvia amaro
Keywords: news, cnbc, companies, sectors, trade, moncler, data, opec, statement, china, deal, twodays, trump, higher, meeting, talks, transatlantic, ahead, markets, european


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In 2019, almost every investment worked

The S&P 500 is up more than 25% and counting. Treasurys, which tend to fall when risk assets rally, also gained in 2019. For stock investors specifically, it was hard to guess wrong. A look at the S&P 500 companies’ internal performance shows only 64 names, or 12%, are down this year. All 11 S&P 500 sectors are ending the year with positive returns.


The S&P 500 is up more than 25% and counting.
Treasurys, which tend to fall when risk assets rally, also gained in 2019.
For stock investors specifically, it was hard to guess wrong.
A look at the S&P 500 companies’ internal performance shows only 64 names, or 12%, are down this year.
All 11 S&P 500 sectors are ending the year with positive returns.
In 2019, almost every investment worked Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: yun li
Keywords: news, cnbc, companies, sectors, investment, 500, rates, investors, 2019, stock, sheet, markets, corporate, worked, returns


In 2019, almost every investment worked

Traders work on the floor of the New York Stock Exchange Lucas Jackson | Reuters

This year is shaping up to be one of the best ever for investors of all stripes with nearly every single asset class on track to finish 2019 in the green. From stocks to government debt to corporate bonds to commodities, no matter where you went, you reaped a profit this year. The S&P 500 is up more than 25% and counting. Treasurys, which tend to fall when risk assets rally, also gained in 2019. Oil, gold and corporate bonds all scored double-digit returns. For stock investors specifically, it was hard to guess wrong. A look at the S&P 500 companies’ internal performance shows only 64 names, or 12%, are down this year. All 11 S&P 500 sectors are ending the year with positive returns. Tech is the biggest winner this year with a 41.5% gain. Communication services, industrials, financials, real estate, consumer sectors all skyrocketed more than 20% this year.

‘Buy everything’

It might seem a little too good to be true as the markets have been grappling with a handful of risks that are almost unprecedented — a costly trade war with China and a bid to impeach the president. But thanks to the Federal Reserve for coming to the rescue. The central bank pulled a 180, cutting rates three straight times this year. The Fed has also been pumping billions into the financial system after the mid-September tumult in very short-term lending markets. “We’ve gotten three rate cuts as we know and a dramatic rise in the size of their balance sheet in a very short period of time,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group. The markets “see an expansion of the Fed’s balance sheet to the extent it’s grown and the only response is, it’s QE. Buy everything.” The stimulus has lowered interest rates, pushing all assets up at the same time.

Will the markets hold up?


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: yun li
Keywords: news, cnbc, companies, sectors, investment, 500, rates, investors, 2019, stock, sheet, markets, corporate, worked, returns


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Here’s where two traders say to invest with the stock market at record highs

Bill Baruch, president of Blue Line Capital, says it pays to be careful but there are still pockets of opportunity. I like looking at the SOXX ETF, and that has [also] broken out, and not only did it break down in October and rally sharply, we’ve settled in, created a bull flag in November, and now with this bull flag, we’re moving out above there. A bull flag is formed during a period of consolidation. Two names in the tech sector and one financials stock look particularly enticing to Bapis. Di


Bill Baruch, president of Blue Line Capital, says it pays to be careful but there are still pockets of opportunity.
I like looking at the SOXX ETF, and that has [also] broken out, and not only did it break down in October and rally sharply, we’ve settled in, created a bull flag in November, and now with this bull flag, we’re moving out above there.
A bull flag is formed during a period of consolidation.
Two names in the tech sector and one financials stock look particularly enticing to Bapis.
Di
Here’s where two traders say to invest with the stock market at record highs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-18  Authors: keris lahiff
Keywords: news, cnbc, companies, stock, heres, sector, highs, flag, look, line, invest, traders, sectors, market, tech, higher, capital, bull, record, say, baruch


Here's where two traders say to invest with the stock market at record highs

Stocks are in never-before-seen territory.

The S&P 500, Dow Jones Industrial Average and Nasdaq look to open Monday morning higher, fresh off record closes last week.

Bill Baruch, president of Blue Line Capital, says it pays to be careful but there are still pockets of opportunity.

“I’m still worried that there could be something more broadly that just encourages a near-term correction, so I’m hesitant to chase things, but when I look at the charts, there are some names out there or some sectors out there that say they’re going higher,” Baruch said on CNBC’s “Trading Nation” on Friday.

One name on his watchlist is Alphabet, among the best-performing stocks over the past three months.

“There’s a rising trend line [in Alphabet] and it came in right about $1,300 in the early part of this month, and it broke out above there. Not only did it break out on November 7, it came back and retested $1,300 and held it,” Baruch said. “There’s higher to go, the chart is telling me this.”

Baruch is also bullish on another corner of the tech sector — semiconductors.

“The chips have been on fire, but I do want to avoid the idiosyncratic risk of owning a particular or one or two or handful of them. I like looking at the SOXX ETF, and that has [also] broken out, and not only did it break down in October and rally sharply, we’ve settled in, created a bull flag in November, and now with this bull flag, we’re moving out above there. So this is a very bullish setup.”

A bull flag is formed during a period of consolidation. It suggests to chart analysts that a stock or ETF is taking a breather before resuming its upward trend.

Michael Bapis, managing director of Vios Advisors at Rockefeller Capital Management, says a number of sectors are beginning to show momentum.

“We still think there’s value, especially tech, financial and in health care because everything is starting to point in the right direction geopolitically,” Bapis said during the same segment. “Also, we’re seeing sectors that weren’t performing for whatever reason, start to perform from the tax overhaul, from the monetary stimulus.”

The information technology, health-care and financials sectors are among the best-performing groups on the S&P 500 this quarter.

Two names in the tech sector and one financials stock look particularly enticing to Bapis.

“Apple, Intel — they change their whole business model to be able to deal with the tariffs and trade wars as well as to be ahead of the innovation, and then you have companies like J.P. Morgan in the financial sector — still trading at 12 times earnings with a really good dividend yield in these interest rates environments,” Bapis said.

Apple, Intel and J.P. Morgan have been among the top drivers leading the market rally to records this year.

Disclosure: Blue Line Capital holds GOOGL and SOXX.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-11-18  Authors: keris lahiff
Keywords: news, cnbc, companies, stock, heres, sector, highs, flag, look, line, invest, traders, sectors, market, tech, higher, capital, bull, record, say, baruch


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Money is creeping back into value plays, but that doesn’t mean growth’s run is over

So, you’re getting now some macro factors and … fundamentals in energy, financials, some of these crucial sectors where value can rebound.” Value is, indeed, getting another look from investors who have enjoyed growth’s decade of gains, said Tom Lydon, editor and proprietor of ETFTrends.com. “When you look at value compared to growth, growth has just kicked some major butt out there in the last 10 years,” he said in the same “ETF Edge” interview. All of a sudden we’re starting to see some mone


So, you’re getting now some macro factors and … fundamentals in energy, financials, some of these crucial sectors where value can rebound.”
Value is, indeed, getting another look from investors who have enjoyed growth’s decade of gains, said Tom Lydon, editor and proprietor of ETFTrends.com.
“When you look at value compared to growth, growth has just kicked some major butt out there in the last 10 years,” he said in the same “ETF Edge” interview.
All of a sudden we’re starting to see some mone
Money is creeping back into value plays, but that doesn’t mean growth’s run is over Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-18  Authors: lizzy gurdus
Keywords: news, cnbc, companies, value, doesnt, etf, sectors, names, draper, growths, run, growth, money, market, factors, starting, creeping, stocks, mean, plays


Money is creeping back into value plays, but that doesn't mean growth's run is over

Call it a near-perfect rotation.

A number of different, even opposite parts of the market — value and growth, consumer staples and technology, health care and communications services — are hitting new highs in tandem, a rare occurrence that often speaks to the strength of a given market move.

With all of these sectors touching records yet again on Monday along with the broader market, some are likely wondering if this broad-based strength can last.

Dan Draper, managing director and global head of ETFs at Invesco, told CNBC’s “ETF Edge” on Monday that the action is a sign of healthy “breadth in the market.”

“Think about a year ago when we were really struggling, worried about geopolitical events [and] the market was selling off,” Draper said. “Now, a year later, we’ve seen the reversal in monetary policy taking effect.”

With the Federal Reserve taking an accommodative stance on interest rate policy, recently indicating that it would pause after three successive cuts, the macroeconomic layout is starting to improve the value proposition for some largely undervalued sectors, Draper said.

“We went down below 1.5% [on the] 10-year Treasury. Now [we’re] back up to 1.8, approaching 2%,” he said. “That’s a better environment. So, you’re getting now some macro factors and … fundamentals in energy, financials, some of these crucial sectors where value can rebound.”

Value is, indeed, getting another look from investors who have enjoyed growth’s decade of gains, said Tom Lydon, editor and proprietor of ETFTrends.com.

“When you look at value compared to growth, growth has just kicked some major butt out there in the last 10 years,” he said in the same “ETF Edge” interview. “Value? All of a sudden we’re starting to see some money flowing in, and also in certain factors [like] fundamental factors, quality factors. Value-oriented stocks are starting to get, in this late cycle, a little bit more attention.”

That could be tied to the fact that just five stocks — the FANG names and Berkshire Hathaway — make up 18% of the S&P 500, Lydon said.

“Going forward, especially as we’re late cycle, do investors who own the S&P 500 feel like they’re going to invest with confidence in that way?” Lydon wondered.

Draper wasn’t sure they would, but suggested that a different group of buyers may come in to pick up the slack.

“We just had [the] tax year end for mutual funds end of October, we have some reverse window dressing ironically coming into the winners of this year — more defensive, more low-volatility and some growth names,” he said. “But then … new money’s looking at value.”

The new money could be enough to drive “unloved names and sectors,” including the interest-rate-sensitive financial stocks, higher going into next year, Draper said.

“This mixed bag we have, it’s a bit of a rotation into what was winning beginning of the year, but also new money looking to go to somewhere more favorable,” he said.

Todd Rosenbluth, senior director of ETF and mutual fund research at CFRA, wasn’t convinced value’s win streak would last.

“We at CFRA are positive on the growth side of the ledger, so cyclicals like technology like you’d find with XLK or RYT, [which] is the equalweight version of that, or the communications services,” he said in the same “ETF Edge” interview. “Those are sectors we think are going to do better. We’re heading into the period, starting now and in the next six months, where cyclical sectors tend to do very well, and we think that’s set up very well for 2020.”


Company: cnbc, Activity: cnbc, Date: 2019-11-18  Authors: lizzy gurdus
Keywords: news, cnbc, companies, value, doesnt, etf, sectors, names, draper, growths, run, growth, money, market, factors, starting, creeping, stocks, mean, plays


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Facebook and Carlyle are ‘great names,’ says strategist

Facebook and Carlyle are ‘great names,’ says strategistRobert Luna of Surevest Wealth Management says there is value in sectors such as health care, energy and financials. He says Carlyle has “great upside momentum” going into 2020


Facebook and Carlyle are ‘great names,’ says strategistRobert Luna of Surevest Wealth Management says there is value in sectors such as health care, energy and financials.
He says Carlyle has “great upside momentum” going into 2020
Facebook and Carlyle are ‘great names,’ says strategist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-06
Keywords: news, cnbc, companies, wealth, great, momentum, upside, carlyle, strategist, facebook, surevest, value, strategistrobert, sectors, names


Facebook and Carlyle are 'great names,' says strategist

Facebook and Carlyle are ‘great names,’ says strategist

Robert Luna of Surevest Wealth Management says there is value in sectors such as health care, energy and financials. He says Carlyle has “great upside momentum” going into 2020


Company: cnbc, Activity: cnbc, Date: 2019-11-06
Keywords: news, cnbc, companies, wealth, great, momentum, upside, carlyle, strategist, facebook, surevest, value, strategistrobert, sectors, names


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An Elizabeth Warren presidency may not be as bad for stocks as some investors fear, Jefferies strategist suggests

An Elizabeth Warren presidency would likely be tough on some sectors, but it might not hit stock markets as hard as feared, a Jefferies strategist suggested on Wednesday. As the Massachussetts senator climbs in Democratic presidential polls, a growing pool of investors warn that her win would result in major losses for the U.S. stock market. “In our industry … there’s a general perception that it would be a significant equity market correction, if she were to win,” said David Zervos, chief mar


An Elizabeth Warren presidency would likely be tough on some sectors, but it might not hit stock markets as hard as feared, a Jefferies strategist suggested on Wednesday.
As the Massachussetts senator climbs in Democratic presidential polls, a growing pool of investors warn that her win would result in major losses for the U.S. stock market.
“In our industry … there’s a general perception that it would be a significant equity market correction, if she were to win,” said David Zervos, chief mar
An Elizabeth Warren presidency may not be as bad for stocks as some investors fear, Jefferies strategist suggests Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-30  Authors: weizhen tan
Keywords: news, cnbc, companies, bad, obama, elizabeth, suggested, investors, zervos, tax, stocks, suggests, presidency, market, win, jefferies, sectors, strategist, warren, fear, stock


An Elizabeth Warren presidency may not be as bad for stocks as some investors fear, Jefferies strategist suggests

An Elizabeth Warren presidency would likely be tough on some sectors, but it might not hit stock markets as hard as feared, a Jefferies strategist suggested on Wednesday.

Warren, a Democratic presidential 2020 frontrunner, has bashed the rich — proposing a wealth tax — and lambasted the financial industry among other sectors. As the Massachussetts senator climbs in Democratic presidential polls, a growing pool of investors warn that her win would result in major losses for the U.S. stock market.

“In our industry … there’s a general perception that it would be a significant equity market correction, if she were to win,” said David Zervos, chief market strategist at Jefferies. “She would change returns on capital expectations, earning expectations, regulations would go up, taxes would go up, all of these things.”

His comments come after billionaire Paul Tudor Jones on Monday predicted that the S&P 500 would sink about 25% if Warren beats current U.S. President Donald Trump at the 2020 ballot box.

But Zervos suggested that the impact on the stock markets may be more tempered.

“But people forget she’s not that different from Obama. If you put the two of them side by side in 2007, they had very similar agendas — healthcare, regulation and financial, and energy and environment. From 2009 going forward, when Obama took office, we never looked back. The stock market just rallied,” he told CNBC’s “Squawk Box.”

Under Barack Obama, who was U.S. president between 2009 and 2017, the stock market soared, with the Dow Jones Industrial Average jumping more than 140% by the time his term ended. That’s the third-best stock market performance since World War II for any president.

Obama was known for his signature healthcare law, more commonly known as Obamacare, which significantly expanded health coverage by mandating everyone gets health insurance — or pay a tax penalty.


Company: cnbc, Activity: cnbc, Date: 2019-10-30  Authors: weizhen tan
Keywords: news, cnbc, companies, bad, obama, elizabeth, suggested, investors, zervos, tax, stocks, suggests, presidency, market, win, jefferies, sectors, strategist, warren, fear, stock


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Bet on these two sectors for a breakout on earnings, traders say

Todd Gordon, founder of TradingAnalysis.com, is banking on the communications sector’s ETF XLC. “I think, over the next 12 months, the energy sector could be one of the better-performing or outperforming in the S&P. In particular, he drew attention to the stocks of exploration and production companies, tracked by the SPDR S&P Oil & Gas Exploration & Production ETF XOP. So I think at current value, the energy sector is under-owned, and I think there’s a lot of catalysts to drive to the upside.” T


Todd Gordon, founder of TradingAnalysis.com, is banking on the communications sector’s ETF XLC.
“I think, over the next 12 months, the energy sector could be one of the better-performing or outperforming in the S&P.
In particular, he drew attention to the stocks of exploration and production companies, tracked by the SPDR S&P Oil & Gas Exploration & Production ETF XOP.
So I think at current value, the energy sector is under-owned, and I think there’s a lot of catalysts to drive to the upside.”
T
Bet on these two sectors for a breakout on earnings, traders say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-25  Authors: michael affigne
Keywords: news, cnbc, companies, energy, production, bet, think, etf, lot, traders, xlc, sector, say, earnings, gordon, sectors, breakout


Bet on these two sectors for a breakout on earnings, traders say

Which sectors will lead the way as markets near record highs?

After the busiest day of earnings season, the S&P 500 is less than 1% away from all-time highs, and traders are placing their bets on which sector is poised to break out. Todd Gordon, founder of TradingAnalysis.com, is banking on the communications sector’s ETF XLC.

“We’re seeing a rotation into XLC. We’ve already seen the move in technology. I think that communications is the sleeper,” Gordon said Thursday on CNBC’s “Trading Nation.” “I like XLC as sort of a catch-up trade to what technology has already done.”

Technology is the best performing sector this year, surging over 32%. The communications sector has stayed on par with the S&P, rising about 21% since January, but Gordon is looking for a breakout.

“If we look at the chart right now, you can see, much like this overall market, we’ve been in a lot of consolidation, a lot of back and forth. Higher lows, lower highs, a lot of frustration,” he said. “I do think this consolidation resolves in the direction of the trend, … which should be up. So, through about $52, watch that XLC.” It closed Thursday at $49.93.

Gordon mentioned that two of the top 10 holdings for the sector, Netflix and Comcast, have already reported and beat on earnings, while the rest have strong-looking charts with favorable outlooks. He said one name could even near its all-time high after reporting earnings next week.

“One trade, if you want to play one of the biggest holdings, is Alphabet. Earnings are coming out on [Oct.] 28th, again, very similar pattern here,” he said. “[It’s] really just a stone’s throw away from an all-time high. … When you try once, twice, three, four times to get through a level, there’s a chance that the buyers are going to take us through.”

John Petrides, portfolio manager at Tocqueville Asset Management, is eyeing a different sector to beat the market over the next year.

“I think, over the next 12 months, the energy sector could be one of the better-performing or outperforming in the S&P. I mean, it’s less than 5% of the overall index, which is unbelievable to think where we were 10 years ago,” said Petrides.

Energy is the worst performing sector in the S&P, having gained only about 3% for the year, but Petrides thinks it could be the big winner over the next year. In particular, he drew attention to the stocks of exploration and production companies, tracked by the SPDR S&P Oil & Gas Exploration & Production ETF XOP.

“I think [those] are the most attractive here, assuming we get a deal with China,” he said. “You’re seeing production slow down, which should hopefully tighten supply-and-demand dynamic, and post the 2016 collapse in oil prices, most of these energy companies have become really good capital allocators focusing on repairing the balance sheet and returning cash to shareholders. So I think at current value, the energy sector is under-owned, and I think there’s a lot of catalysts to drive to the upside.”

The XLC lost more than 1% in Thursday’s trading session. The energy sector select ETF XLE and XOP shed less than 1%.

Disclosure: Todd Gordon owns shares of the XLC, XLK and Alphabet.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-10-25  Authors: michael affigne
Keywords: news, cnbc, companies, energy, production, bet, think, etf, lot, traders, xlc, sector, say, earnings, gordon, sectors, breakout


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Hong Kong government pledges more aid, no end in sight to unrest

Hong Kong’s embattled government announced extra financial support on Tuesday for the Chinese-ruled city battered by political unrest and facing its first recession in a decade. Massive and violent anti-government protests over the past five months have shaken Hong Kong’s reputation as an Asian financial center and damaged its all important tourism and retail sectors, with many businesses forced to close. Financial Secretary Paul Chan announced relief measures of HK$2 billion ($255 million) to s


Hong Kong’s embattled government announced extra financial support on Tuesday for the Chinese-ruled city battered by political unrest and facing its first recession in a decade.
Massive and violent anti-government protests over the past five months have shaken Hong Kong’s reputation as an Asian financial center and damaged its all important tourism and retail sectors, with many businesses forced to close.
Financial Secretary Paul Chan announced relief measures of HK$2 billion ($255 million) to s
Hong Kong government pledges more aid, no end in sight to unrest Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-23  Authors: weizhen tan
Keywords: news, cnbc, companies, sight, pledges, kong, chan, violent, end, billion, secretary, told, unrest, tourism, hong, support, sectors, retail, aid, transport


Hong Kong government pledges more aid, no end in sight to unrest

Hong Kong’s embattled government announced extra financial support on Tuesday for the Chinese-ruled city battered by political unrest and facing its first recession in a decade.

Massive and violent anti-government protests over the past five months have shaken Hong Kong’s reputation as an Asian financial center and damaged its all important tourism and retail sectors, with many businesses forced to close.

Financial Secretary Paul Chan announced relief measures of HK$2 billion ($255 million) to support the city’s economy, particularly in its transport, tourism and retail industries.

“Since the economic situation is worsening quite fast, we rolled out this package to target certain sectors which are hard hit,” Chan told a news conference.

The move follows a HK$19.1 billion ($2.4 billion) package in August to support the underprivileged and businesses, and Chan said more assistance would be given if needed. The support measures would ultimately increase the “probability of a fiscal deficit”, but the government’s finances were strong, he said.

A government colleague said the best medicine for the economy would be fewer, less violent protests.

“If society could come to harmony, with less demonstrations, and perhaps the stoppage of violence, that would help even more than what we can offer,” Secretary for Transport and Housing Frank Chan told the news conference.

As yet, there seems no end in sight to the pro-democracy protests, or the violent ways of hardcore activists who have fought with police, throwing petrol bombs and bricks.


Company: cnbc, Activity: cnbc, Date: 2019-10-23  Authors: weizhen tan
Keywords: news, cnbc, companies, sight, pledges, kong, chan, violent, end, billion, secretary, told, unrest, tourism, hong, support, sectors, retail, aid, transport


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