Analyst: Baidu may be the safest of the BAT stocks

Analyst: Baidu may be the safest of the BAT stocks4 Hours AgoLeo Sun of The Motley Fool says he likes Baidu as a “conservative play,” but prefers Tencent over the Chinese search giant in the long-term.


Analyst: Baidu may be the safest of the BAT stocks4 Hours AgoLeo Sun of The Motley Fool says he likes Baidu as a “conservative play,” but prefers Tencent over the Chinese search giant in the long-term.
Analyst: Baidu may be the safest of the BAT stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22
Keywords: news, cnbc, companies, likes, motley, bat, search, baidu, safest, play, prefers, longterm, stocks4, analyst, tencent, stocks


Analyst: Baidu may be the safest of the BAT stocks

Analyst: Baidu may be the safest of the BAT stocks

4 Hours Ago

Leo Sun of The Motley Fool says he likes Baidu as a “conservative play,” but prefers Tencent over the Chinese search giant in the long-term.


Company: cnbc, Activity: cnbc, Date: 2019-02-22
Keywords: news, cnbc, companies, likes, motley, bat, search, baidu, safest, play, prefers, longterm, stocks4, analyst, tencent, stocks


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Forget bitcoin, cannabis is the place to go, says US wealth advisor

Cannabis stocks are the “next huge growth area” and the plant has “staggering” possibilities for medical use, according to one advisor to wealthy families. The New York Stock Exchange and Nasdaq both listed cannabis companies in 2018 when Canopy Growth and the Cronos Group went public on the indexes. Canopy Growth stock has risen more than 65 percent year-to-date, while over the same period Cronos has risen more than 115 percent. “The medical applications for cannabis are staggering. The wealth


Cannabis stocks are the “next huge growth area” and the plant has “staggering” possibilities for medical use, according to one advisor to wealthy families. The New York Stock Exchange and Nasdaq both listed cannabis companies in 2018 when Canopy Growth and the Cronos Group went public on the indexes. Canopy Growth stock has risen more than 65 percent year-to-date, while over the same period Cronos has risen more than 115 percent. “The medical applications for cannabis are staggering. The wealth
Forget bitcoin, cannabis is the place to go, says US wealth advisor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: david reid, spencer platt, getty images, cole burston
Keywords: news, cnbc, companies, medical, think, cannabis, forget, plant, stocks, place, staggering, stock, pepper, bitcoin, growth, advisor, risen, wealth


Forget bitcoin, cannabis is the place to go, says US wealth advisor

Cannabis stocks are the “next huge growth area” and the plant has “staggering” possibilities for medical use, according to one advisor to wealthy families.

“If you want to be in something that’s very growthy, and actually legitimate as it is legalized and controlled properly, I think this is the place to go,” Carol Pepper of Pepper International told CNBC’s “Squawk Box Europe” on Friday.

The New York Stock Exchange and Nasdaq both listed cannabis companies in 2018 when Canopy Growth and the Cronos Group went public on the indexes. Both firms are based in Canada, where recreational marijuana is now legal. Canopy Growth stock has risen more than 65 percent year-to-date, while over the same period Cronos has risen more than 115 percent.

Pepper said legalization in Canada had “blown through expectations” and the success had reached the point where firms based there were now exporting to Europe.

“The medical applications for cannabis are staggering. The research is being done and I really think this is next huge growth area,” she said, noting evidence of the drug’s efficacy in treatment of arthritis and epilepsy.

The wealth manager also rejected a suggestion that cannabis stocks would mirror the bitcoin frenzy, which saw asset prices spike to the highs of over $19,000 and crash to trade at around $3,940 currently , stating that cannabis is a physical product with defined benefits.

“I think it is a phenomenal plant that is going to a lot of good for the planet and I’m glad it is finally being legalized.”

Ten U.S. states and the District of Columbia have legalized the crop, even though federal law bans it.

Pepper predicted that big U.S. tobacco and drinks companies will take control of the industry once more legal prohibition is removed around the world.

WATCH: Six experts on the cannabis craze


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: david reid, spencer platt, getty images, cole burston
Keywords: news, cnbc, companies, medical, think, cannabis, forget, plant, stocks, place, staggering, stock, pepper, bitcoin, growth, advisor, risen, wealth


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FANG stocks aren’t the growth names they used to be, strategist says

S&P Global’s Erin Gibbs believes this group might be out of favor for some time. “We really see this as a rotation out of these mega-cap growth stocks into a wider distribution broader market, as well as value,” she said Thursday on CNBC’s “Trading Nation.” She notes that the expected growth rate of 8 percent for Alphabet and Amazon means they are “no longer growth names” but “still super pricey.” Overall, Gibbs believes “the decline in a lot of these stocks is people just adjusting to the fact


S&P Global’s Erin Gibbs believes this group might be out of favor for some time. “We really see this as a rotation out of these mega-cap growth stocks into a wider distribution broader market, as well as value,” she said Thursday on CNBC’s “Trading Nation.” She notes that the expected growth rate of 8 percent for Alphabet and Amazon means they are “no longer growth names” but “still super pricey.” Overall, Gibbs believes “the decline in a lot of these stocks is people just adjusting to the fact
FANG stocks aren’t the growth names they used to be, strategist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: pippa stevens, simon dawson, bloomberg, getty images, daniel hernanz ramos, moment, justin sullivan, tasos katopodis, source, apex legends
Keywords: news, cnbc, companies, strategist, names, stocks, believes, arent, netflix, growth, fang, gibbs, used, alphabet, amazon, market


FANG stocks aren't the growth names they used to be, strategist says

New year, different FANG.

After leading the market for much of 2018, tech high-flyers Facebook, Amazon, Netflix and Google parent Alphabet were hit hard in the fourth quarter, and apart from Netflix have lagged the S&P 500 this month.

While these four stocks have bounced meaningfully from their December lows, they are still a good distance from their all-time highs. Facebook and Amazon are in bear markets (off at least 20 percent from their recent highs), while Netflix and Alphabet are trading in correction territory (down at least 10 percent).

S&P Global’s Erin Gibbs believes this group might be out of favor for some time.

“We really see this as a rotation out of these mega-cap growth stocks into a wider distribution broader market, as well as value,” she said Thursday on CNBC’s “Trading Nation.” She notes that the expected growth rate of 8 percent for Alphabet and Amazon means they are “no longer growth names” but “still super pricey.” Given that, she said, “these are the kinds of stocks that might actually underperform for the rest of the year.”

One notable exception is Netflix, which she continues to “love” given its 50 percent-plus earnings per share growth expectations for the next three years. She also notes that the valuation, while still high at 90 times forward earnings, has “really come down below its three-year average, so it’s not overpriced when you’re looking at the type of growth.”

While Netflix is still in correction, shares have skyrocketed more than 50 percent from their December low, and the company has outpaced fellow FANGs as well as the broader market this year, clocking a gain of more than 33 percent.

Overall, Gibbs believes “the decline in a lot of these stocks is people just adjusting to the fact that they’re no longer such high flyers.”

Miller Tabak’s Matt Maley wouldn’t be a buyer of any of these stocks here, although he believes Alphabet looks the best from a technical perspective. He noted that the stock has broken back above its six-month trend line, and that even when it was falling, it still managed to hold the key $1,000 level.

Like Gibbs, Maley believes the overall weakness in the tech space is a case of investors having been “loaded to the gills in these FANG names” and using recent weakness to rebalance their portfolios.

Maley foresees gains for FANG but says the high-flying days of yore may be gone for good.

“I think the [FANG names] will do fine, but I think they’ll only do as well as the rest of the market, because as money is coming out of the FANGs it’s being redistributed into other names like the semiconductor stocks,” he said.

Disclosure: S&P Global holds shares of Netflix and Alphabet in its advised portfolios.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: pippa stevens, simon dawson, bloomberg, getty images, daniel hernanz ramos, moment, justin sullivan, tasos katopodis, source, apex legends
Keywords: news, cnbc, companies, strategist, names, stocks, believes, arent, netflix, growth, fang, gibbs, used, alphabet, amazon, market


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The stock market rally to start 2019 is one for the history books

Both the Dow Jones Industrial Average and Nasdaq Composite Index have yet to register a weekly decline so far this year. With more gains this week, both major indices are on a nine-week winning streak that started in the last week of the year. This would mark the first time since 1964 that the Dow has rallied in each of the first eight weeks to kick off the year. Throughout those weeks, the Dow jumped 7 percent which was about half of its 14.6 gain for that year. Total, the Dow saw a 13-week win


Both the Dow Jones Industrial Average and Nasdaq Composite Index have yet to register a weekly decline so far this year. With more gains this week, both major indices are on a nine-week winning streak that started in the last week of the year. This would mark the first time since 1964 that the Dow has rallied in each of the first eight weeks to kick off the year. Throughout those weeks, the Dow jumped 7 percent which was about half of its 14.6 gain for that year. Total, the Dow saw a 13-week win
The stock market rally to start 2019 is one for the history books Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: robert hum, kate rooney, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, started, week, rally, stocks, books, 2019, streak, stock, history, start, index, rallied, nasdaq, winning, dow, weeks, market


The stock market rally to start 2019 is one for the history books

The roaring rebound for stocks this year is about to make history.

Both the Dow Jones Industrial Average and Nasdaq Composite Index have yet to register a weekly decline so far this year. With more gains this week, both major indices are on a nine-week winning streak that started in the last week of the year.

This would mark the first time since 1964 that the Dow has rallied in each of the first eight weeks to kick off the year. The previous back-to-back week record was hit in 1964, when the Dow rose in all of the first 11 weeks through mid-March. Throughout those weeks, the Dow jumped 7 percent which was about half of its 14.6 gain for that year. Total, the Dow saw a 13-week winning streak that started in the last two weeks of 1963.

For the tech-heavy Nasdaq though, this marks the first time in history the index has risen in each of the first 8 weeks of the year. The index was founded in 1971.

The gains come after the worst December for stocks since the Great Depression. Since then, stocks have more than rebounded into the black.

The Dow has rallied 11 percent this year. On Friday, the 30-stock index broke above 26,000 for the first time since Nov. 9. The Nasdaq is up 13 percent this year and rallied 0.64 percent Friday, boosted by shares of Facebook, Amazon, Netflix and Alphabet. Equities have been helped by optimism on another round of trade talks between the U.S. and China and signals from the Federal Reserve that it will be patient in raising interest rates.

— CNBC’S Fred Imbert contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: robert hum, kate rooney, michael nagle, bloomberg, getty images
Keywords: news, cnbc, companies, started, week, rally, stocks, books, 2019, streak, stock, history, start, index, rallied, nasdaq, winning, dow, weeks, market


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Stocks making the biggest moves midday: Kraft Heinz, Wayfair, Stamps.com & more

Check out the companies making headlines midday Friday:Kraft Heinz — Shares of Kraft Heinz plummeted 27 percent after the company announced a $15.4 billion write down of its Kraft and Oscar Mayer brands. The online furniture retailer posted an adjusted loss of $1.12 per share, which is smaller than a Refinitiv estimate of $1.28. The company also reported revenue of $791.6 million, topping a Refinitiv estimate of $774.3 million. Intuit — Intuit reported adjusted earnings of $1 per share for its f


Check out the companies making headlines midday Friday:Kraft Heinz — Shares of Kraft Heinz plummeted 27 percent after the company announced a $15.4 billion write down of its Kraft and Oscar Mayer brands. The online furniture retailer posted an adjusted loss of $1.12 per share, which is smaller than a Refinitiv estimate of $1.28. The company also reported revenue of $791.6 million, topping a Refinitiv estimate of $774.3 million. Intuit — Intuit reported adjusted earnings of $1 per share for its f
Stocks making the biggest moves midday: Kraft Heinz, Wayfair, Stamps.com & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: fred imbert, nadine el-bawab, brendan mcdermid
Keywords: news, cnbc, companies, kraft, midday, refinitiv, estimate, earnings, reported, biggest, share, jumped, stocks, revenue, moves, shares, wayfair, stampscom, heinz, company, making


Stocks making the biggest moves midday: Kraft Heinz, Wayfair, Stamps.com & more

Check out the companies making headlines midday Friday:

Kraft Heinz — Shares of Kraft Heinz plummeted 27 percent after the company announced a $15.4 billion write down of its Kraft and Oscar Mayer brands. The company also disclosed a Securities and Exchange Commission subpoena as part of a probe into its accounting policies and cut its dividend.

J.M. Smucker, Dean Foods, Conagra Brands, Kellogg, General Mills — Shares of these consumer products companies were dragged down by Kraft Heinz’s sharp decline. They were all down at least 4 percent.

Intel — Morgan Stanley upgraded Intel to overweight from equal weight, citing a potential rally under CEO Bob Swan’s leadership. “We think that Intel can rerate higher around a more financially oriented CEO,” Morgan Stanley said. Intel shares rose 2.7 percent.

Wayfair — Shares of Wayfair leaped 32 percent on better-than-expected fourth-quarter results. The online furniture retailer posted an adjusted loss of $1.12 per share, which is smaller than a Refinitiv estimate of $1.28. The company’s revenue also topped estimates. Wayfair added its active consumer count jumped more than 15 percent.

Roku — Shares of Roku jumped 20 percent on a better-than-expected fourth-quarter earnings and an active account growth of over 40 percent. The company also reported revenues that were $14 million higher than expected and earnings that surpassed a Refinitiv estimate by 2 cents.

Zillow — Zillow shares surged 20 percent after the real estate database company announced CEO Spencer Rascoff was leaving his post. The company also said Rich Barton, one of Zillow’s co-founders, was taking over as chief executive.

Boyd Gaming — The gaming and hospitality company’s stock rose 10 percent in midday trading after releasing its quarterly results. Boyd Gaming posted adjusted earnings per share of 32 cents, in line with expectations. The company also reported revenue of $791.6 million, topping a Refinitiv estimate of $774.3 million.

Intuit — Intuit reported adjusted earnings of $1 per share for its fiscal second quarter, topping a Refinitiv estimate of 86 cents. The company also said its revenue increased by 12 percent as sales from its small business online ecosystem expanded by 38 percent. Intuit shares jumped 5.7 percent.

Stamps.com — Shares of Stamps.com plummeted more than 56 percent after the company dissolved its longtime partnership with the U.S. Postal Office. The company said it did so in a bet on Amazon’s success in shipping and logistics.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: fred imbert, nadine el-bawab, brendan mcdermid
Keywords: news, cnbc, companies, kraft, midday, refinitiv, estimate, earnings, reported, biggest, share, jumped, stocks, revenue, moves, shares, wayfair, stampscom, heinz, company, making


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Goldman has a portfolio which tracks hedge funds that is trouncing the market — here’s what’s in it

One of Goldman Sachs’ secret portfolios that tracks hedge funds’ most popular long positions is crushing the market. The so-called hedge fund “very important position” basket contains the 50 stocks that appear most often on the top 10 holdings of fundamentally-driven hedge funds, according to the firm. Goldman analyzed 880 hedge funds with $2.1 trillion of gross equity positions to compile the latest portfolio, which is based on funds’ recently released fourth-quarter regulatory filings. The por


One of Goldman Sachs’ secret portfolios that tracks hedge funds’ most popular long positions is crushing the market. The so-called hedge fund “very important position” basket contains the 50 stocks that appear most often on the top 10 holdings of fundamentally-driven hedge funds, according to the firm. Goldman analyzed 880 hedge funds with $2.1 trillion of gross equity positions to compile the latest portfolio, which is based on funds’ recently released fourth-quarter regulatory filings. The por
Goldman has a portfolio which tracks hedge funds that is trouncing the market — here’s what’s in it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: yun li, scott eells, bloomberg, getty images
Keywords: news, cnbc, companies, portfolio, hedge, tracks, positions, basket, stocks, heres, equity, funds, quarters, trouncing, fund, whats, goldman, market


Goldman has a portfolio which tracks hedge funds that is trouncing the market — here's what's in it

One of Goldman Sachs’ secret portfolios that tracks hedge funds’ most popular long positions is crushing the market.

The so-called hedge fund “very important position” basket contains the 50 stocks that appear most often on the top 10 holdings of fundamentally-driven hedge funds, according to the firm. Goldman analyzed 880 hedge funds with $2.1 trillion of gross equity positions to compile the latest portfolio, which is based on funds’ recently released fourth-quarter regulatory filings.

The portfolio is up 14 percent year to date, more than doubling the average equity hedge fund’s 6 percent gain and outperforming the S&P 500’s 11 percent return. Goldman revealed that the most-owned holdings in the basket are very tech heavy, with Amazon, Microsoft, Facebook, Alphabet and Alibaba being the top five. These five stocks also made last quarter’s top five.

“Recent hedge fund returns have benefited from the outperformance of the most popular long positions as well as the decision to increase net length ahead of the equity market bottom in December 2018,” Ben Snider, an equity strategist at the bank, said in a note Friday.

The smart money managed to chase the huge tech comeback with these top-five names rebounding from their December lows and rising as much as 25 percent in the new year. Social media giant Facebook is up 22 percent in 2019 after losing more than 20 percent amidst fourth quarter’s market turmoil. E-commerce powerhouse Amazon has posted a nearly 8 percent gain in the new year after losing more than 25 percent in the fourth quarter. Alibaba has returned more than 25 percent year to date.

The basket also has a track record of beating the market as it has outperformed the S&P 500 in 62 percent of quarters since 2001, Goldman said.

Other stocks in the hedge fund VIP basket include Visa, Netflix, Bank of America, Paypal and Citigroup.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: yun li, scott eells, bloomberg, getty images
Keywords: news, cnbc, companies, portfolio, hedge, tracks, positions, basket, stocks, heres, equity, funds, quarters, trouncing, fund, whats, goldman, market


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FANG stocks aren’t the growth names they used to be, strategist says

S&P Global’s Erin Gibbs believes this group might be out of favor for some time. “We really see this as a rotation out of these mega-cap growth stocks into a wider distribution broader market, as well as value,” she said Thursday on CNBC’s “Trading Nation.” She notes that the expected growth rate of 8 percent for Alphabet and Amazon means they are “no longer growth names” but “still super pricey.” Overall, Gibbs believes “the decline in a lot of these stocks is people just adjusting to the fact


S&P Global’s Erin Gibbs believes this group might be out of favor for some time. “We really see this as a rotation out of these mega-cap growth stocks into a wider distribution broader market, as well as value,” she said Thursday on CNBC’s “Trading Nation.” She notes that the expected growth rate of 8 percent for Alphabet and Amazon means they are “no longer growth names” but “still super pricey.” Overall, Gibbs believes “the decline in a lot of these stocks is people just adjusting to the fact
FANG stocks aren’t the growth names they used to be, strategist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: pippa stevens, simon dawson, bloomberg, getty images, daniel hernanz ramos, moment, justin sullivan, tasos katopodis, source, apex legends
Keywords: news, cnbc, companies, strategist, names, stocks, believes, arent, netflix, growth, fang, gibbs, used, alphabet, amazon, market


FANG stocks aren't the growth names they used to be, strategist says

New year, different FANG.

After leading the market for much of 2018, tech high-flyers Facebook, Amazon, Netflix and Google parent Alphabet were hit hard in the fourth quarter, and apart from Netflix have lagged the S&P 500 this month.

While these four stocks have bounced meaningfully from their December lows, they are still a good distance from their all-time highs. Facebook and Amazon are in bear markets (off at least 20 percent from their recent highs), while Netflix and Alphabet are trading in correction territory (down at least 10 percent).

S&P Global’s Erin Gibbs believes this group might be out of favor for some time.

“We really see this as a rotation out of these mega-cap growth stocks into a wider distribution broader market, as well as value,” she said Thursday on CNBC’s “Trading Nation.” She notes that the expected growth rate of 8 percent for Alphabet and Amazon means they are “no longer growth names” but “still super pricey.” Given that, she said, “these are the kinds of stocks that might actually underperform for the rest of the year.”

One notable exception is Netflix, which she continues to “love” given its 50 percent-plus earnings per share growth expectations for the next three years. She also notes that the valuation, while still high at 90 times forward earnings, has “really come down below its three-year average, so it’s not overpriced when you’re looking at the type of growth.”

While Netflix is still in correction, shares have skyrocketed more than 50 percent from their December low, and the company has outpaced fellow FANGs as well as the broader market this year, clocking a gain of more than 33 percent.

Overall, Gibbs believes “the decline in a lot of these stocks is people just adjusting to the fact that they’re no longer such high flyers.”

Miller Tabak’s Matt Maley wouldn’t be a buyer of any of these stocks here, although he believes Alphabet looks the best from a technical perspective. He noted that the stock has broken back above its six-month trend line, and that even when it was falling, it still managed to hold the key $1,000 level.

Like Gibbs, Maley believes the overall weakness in the tech space is a case of investors having been “loaded to the gills in these FANG names” and using recent weakness to rebalance their portfolios.

Maley foresees gains for FANG but says the high-flying days of yore may be gone for good.

“I think the [FANG names] will do fine, but I think they’ll only do as well as the rest of the market, because as money is coming out of the FANGs it’s being redistributed into other names like the semiconductor stocks,” he said.

Disclosure: S&P Global holds shares of Netflix and Alphabet in its advised portfolios.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: pippa stevens, simon dawson, bloomberg, getty images, daniel hernanz ramos, moment, justin sullivan, tasos katopodis, source, apex legends
Keywords: news, cnbc, companies, strategist, names, stocks, believes, arent, netflix, growth, fang, gibbs, used, alphabet, amazon, market


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Boeing, Goldman and three other Dow stocks are soaring. Here’s how to play them

Just five of the stocks of the Dow 30 have carried it back within reach of record highs. Boeing, IBM, United Technologies, Goldman Sachs and Home Depot have rallied double digits to start the year, contributing around 50 percent of the year’s gains to the price-weighted index. Boeing and UTX are the top and third-best performers on the Dow for the year, adding 30 percent and 19 percent, respectively. While Maley expects UTX and Boeing to pull lower, he sees a bigger breakout in fellow Dow stock


Just five of the stocks of the Dow 30 have carried it back within reach of record highs. Boeing, IBM, United Technologies, Goldman Sachs and Home Depot have rallied double digits to start the year, contributing around 50 percent of the year’s gains to the price-weighted index. Boeing and UTX are the top and third-best performers on the Dow for the year, adding 30 percent and 19 percent, respectively. While Maley expects UTX and Boeing to pull lower, he sees a bigger breakout in fellow Dow stock
Boeing, Goldman and three other Dow stocks are soaring. Here’s how to play them Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: keris lahiff, simon dawson, bloomberg, getty images, daniel hernanz ramos, moment, justin sullivan, tasos katopodis, source, apex legends
Keywords: news, cnbc, companies, ibm, break, stable, overbought, stocks, boeing, heres, gibbs, utx, maley, pattern, dow, play, soaring, goldman


Boeing, Goldman and three other Dow stocks are soaring. Here's how to play them

Just five of the stocks of the Dow 30 have carried it back within reach of record highs.

Boeing, IBM, United Technologies, Goldman Sachs and Home Depot have rallied double digits to start the year, contributing around 50 percent of the year’s gains to the price-weighted index.

Two of those could be set for a pullback, says Matt Maley, equity strategist at Miller Tabak.

“Two of our favorites are Boeing and United Technologies. However, they’d had such big runs here and they’ve become very, very overbought on a near-term basis,” Maley said Thursday on CNBC’s “Trading Nation.”

Boeing and UTX are the top and third-best performers on the Dow for the year, adding 30 percent and 19 percent, respectively. Boeing has rocketed 43 percent off its December lows, while UTX has bounced 26 percent.

“You want them to pull back a little bit, it’d actually be healthy for them if they did that and would allow them to kind of work off those conditions and move higher later on, so I would say I wouldn’t want to chase those names,” said Maley.

While Maley expects UTX and Boeing to pull lower, he sees a bigger breakout in fellow Dow stock Walmart.

“It was overbought, but it’s now working off that situation,” said Maley. “It’s formed a symmetrical triangle pattern and it’s at the upper end of that pattern, so now that it’s working off this short-term overbought position, if it can rally within the next week or so and break above that formation, that’s going to be very bullish for the stock.”

The symmetrical triangle pattern generally typifies a consolidation period before a break higher or lower. The move closer to the top end of that pattern suggests it could break out of that consolidation.

Erin Gibbs, portfolio manager at S&P Global, has a different pick for MVP of the Dow.

“If you’re going for the Dow, you’re looking at very large-cap, blue-chip, stable so we really see IBM as just one of those companies that even at these prices, we’re still looking at potential appreciation,” Gibbs said. “It has above average earnings growth expected versus its industry, so still nice, stable consistent, over the next three or four years.”

Analysts anticipate earnings growth of nearly 1 percent for 2019 and 2 percent for 2020, according to FactSet estimates, up from flat in 2018.

“It’s just one of those nice defensive stocks,” added Gibbs. “We just see IBM delivering those strong stable returns for you.”

Disclosure: S&P Global holds IBM.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: keris lahiff, simon dawson, bloomberg, getty images, daniel hernanz ramos, moment, justin sullivan, tasos katopodis, source, apex legends
Keywords: news, cnbc, companies, ibm, break, stable, overbought, stocks, boeing, heres, gibbs, utx, maley, pattern, dow, play, soaring, goldman


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Stocks set to open mixed amid weak data, US-China trade talks

U.S. stock futures are pointing to a flat open on the final trading day of the week as investors digest soft economic data and monitor developing trade talks with China. ET, Dow futures rose 7 points, indicating a flat open points. On Thursday, stocks fell as traders reacted to weak economic data, fueling fears of a potential slowdown in the world’s largest economy. The department also said core capital goods orders fell 0.7 percent while economists polled by Reuters expected a gain of 0.2 perce


U.S. stock futures are pointing to a flat open on the final trading day of the week as investors digest soft economic data and monitor developing trade talks with China. ET, Dow futures rose 7 points, indicating a flat open points. On Thursday, stocks fell as traders reacted to weak economic data, fueling fears of a potential slowdown in the world’s largest economy. The department also said core capital goods orders fell 0.7 percent while economists polled by Reuters expected a gain of 0.2 perce
Stocks set to open mixed amid weak data, US-China trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: ryan browne
Keywords: news, cnbc, companies, polled, mixed, level, open, data, orders, rose, talks, fell, stocks, trade, points, futures, uschina, weak, amid, set


Stocks set to open mixed amid weak data, US-China trade talks

U.S. stock futures are pointing to a flat open on the final trading day of the week as investors digest soft economic data and monitor developing trade talks with China.

As of 2:35 a.m. ET, Dow futures rose 7 points, indicating a flat open points. S&P 500 and Nasdaq futures traded barely above the flatline.

On Thursday, stocks fell as traders reacted to weak economic data, fueling fears of a potential slowdown in the world’s largest economy.

Durable goods orders for December rose 1.2 percent, the Commerce Department said. The department also said core capital goods orders fell 0.7 percent while economists polled by Reuters expected a gain of 0.2 percent.

The Philadelphia Federal Reserve business index fell to negative 4.1 in February — its lowest level since May 2016 — from 17 in January. Economists polled by Dow Jones expected a print of 14.

Meanwhile, market players also monitored the latest round of negotiations between Washington and Beijing. Optimism has risen over the chances of both countries securing a deal to end their protracted trade war, but some experts say the most difficult part is yet to come as high level talks continue into Friday.

“There’s obviously an incentive for both sides to reach a deal,” James Athey, senior investment manager at Aberdeen Standard Investments, told CNBC “Squawk Box Europe” on Friday.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: ryan browne
Keywords: news, cnbc, companies, polled, mixed, level, open, data, orders, rose, talks, fell, stocks, trade, points, futures, uschina, weak, amid, set


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European markets mixed amid US-China trade talks; Elekta shares tumble 10%

Europe’s basic resources stocks — with their heavy exposure to China — were the top performers during morning trade, up more than 1.3 percent. It comes as market focus is largely attuned to global trade negotiations, with little more than a week left before a U.S-imposed deadline for an agreement with China expires. Chinese Vice Premier Liu He is scheduled to meet with President Donald Trump at the White House on Friday. Looking at individual stocks, France’s Sopra Steria Group surged to the top


Europe’s basic resources stocks — with their heavy exposure to China — were the top performers during morning trade, up more than 1.3 percent. It comes as market focus is largely attuned to global trade negotiations, with little more than a week left before a U.S-imposed deadline for an agreement with China expires. Chinese Vice Premier Liu He is scheduled to meet with President Donald Trump at the White House on Friday. Looking at individual stocks, France’s Sopra Steria Group surged to the top
European markets mixed amid US-China trade talks; Elekta shares tumble 10% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: sam meredith
Keywords: news, cnbc, companies, european, china, vice, shares, mixed, markets, weakerthanexpected, group, talks, tumble, trade, stocks, uschina, elekta, white, week, amid, usimposed


European markets mixed amid US-China trade talks; Elekta shares tumble 10%

Europe’s basic resources stocks — with their heavy exposure to China — were the top performers during morning trade, up more than 1.3 percent. It comes as market focus is largely attuned to global trade negotiations, with little more than a week left before a U.S-imposed deadline for an agreement with China expires.

Chinese Vice Premier Liu He is scheduled to meet with President Donald Trump at the White House on Friday. The meeting follows reports that both sides have started to outline commitments in principle on the stickiest issues in their protracted dispute.

Looking at individual stocks, France’s Sopra Steria Group surged to the top of the European benchmark. The consultancy group reported full-year revenue jumped almost 7 percent in 2018 and forecast a slight improvement in operating margin on business activity. Shares of the Paris-listed stock rose nearly 16 percent on the news.

Meanwhile, Swedish radiation therapy equipment maker Elekta tumbled to the bottom of the index. The company posted weaker-than-expected third-quarter core profit on Friday, prompting shares to tank more than 11 percent.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: sam meredith
Keywords: news, cnbc, companies, european, china, vice, shares, mixed, markets, weakerthanexpected, group, talks, tumble, trade, stocks, uschina, elekta, white, week, amid, usimposed


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