XLP, Consumer Staples Stocks Jump Amid Risk-Off Shift
The classic defensive sector gained amid a deep selloff in the tech sector.
The classic defensive sector gained amid a deep selloff in the tech sector.
Professional Capital Management founder and CEO Anthony Pompliano joins Asking for a Trend to share his perspective on the artificial intelligence (AI) sector following Chinese AI startup DeepSeek's mainstream emergence and growing popularity. Pompliano addresses market reactions, telling Yahoo Finance, "I think that mainstream investors have no clue what AI is; they couldn't describe to you how it works, and so anything that is new or surprising to them frankly drives fear. And if there is fear and uncertainty in the market, they sell." Despite market concerns, he views DeepSeek's emergence as "bullish" for both the AI sector and broader cryptocurrency markets. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Angel Smith
The tech sell-off fueled by DeepSeek's new AI model has created quite the buzz on Wall Street ahead of a crucial earnings week. B. Riley Wealth chief market strategist Art Hogan joins Market Domination to point out that while the tech sector faces pressure, earnings season is signaling positive growth, especially for names outside of tech. Hogan notes that hedge funds have reduced their positions in Big Tech, reflecting caution. Additionally, Hogan suggests a market-weight stance on AI stocks and recommends looking at undervalued sectors like energy (XLE), which he sees as poised for growth despite recent underperformance. “Well, we think that this is a great year for things like energy. That's probably our most non-consensus call… Energy is the worst-performing sector in the S&P 500 (^GSPC) for two years running. We think the multiples are ridiculously cheap, most of the majors throw off nice dividends,” Hogan says. Hogan also recommends considering other undervalued sectors like financials (XLF) and healthcare (XLV): “We think the financials are probably the largest net beneficiary of new policies from a new [Trump] administration." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Josh Lynch
While the Dow Jones Industrial Average (^DJI) eked out a daily gain of over 0.6%, the Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) fell by over 3% and nearly 1.5%, respectively. The AI competition fears sparked by Chinese startup DeepSeek fueled a market sell-off in today's session. Market Domination Overtime anchor Julie Hyman and Yahoo Finance markets and data editor Jared Blikre review the day's market and sector action following the closing bell. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.
A Chinese AI startup just upended the trillion-dollar AI race--sending Nvidia, Microsoft, and the Nasdaq into freefall.
MALVERN, Pa., January 27, 2025--Pacer ETFs Announces Dividend Increase for Pacer American Energy Independence ETF (USAI)
US new home sales for the month of December came out above economist estimates, climbing 3.6% month-over-month and 6.7% year-over-year to 698,000. Catalysts host Seana Smith breaks down this key housing market data. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.
Perplexity's 50% stake offer to U.S. government makes its proposal more appealing than acquisition rivals
Existing-home sales rose 2.2% in December 2024, reaching 4.24 million units — slightly above economists' forecast of 4.2 million, according to data posted on Friday from the National Association of Realtors (NAR). Despite the monthly uptick, annual existing home sales declined to their lowest level in approximately three decades. Yahoo Finance Senior Reporter Dani Romero analyzes the report and examines the implications for the current housing market landscape. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
The conversion marks the Minneapolis-based research/investment firm's second step into the ETF marketplace.