Investment Learning

  • August 5, 2024

All eyes are on the future of the tech trade during sell-off

The widespread sell-off in US equities (^DJI, ^IXIC, ^GSPC) continues just ahead of Monday's closing bell. The tech sector (XLK) has been a significant anchor dragging down tech-heavy indexes, but could this be a good thing for Big Tech's Magnificent Seven as investors were rotating out of tech before this broad selling activity even began? Josh Schafer outlines the year-to-date trends that brought the tech trade to new heights, now contending with new challenges, and how closely Wall Street will be watching Nvidia's (NVDA) second quarter earnings results on Wednesday, August 28. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.

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  • August 5, 2024

The two tech stocks to buy despite major sector sell-off

Nvidia (NVDA) and Apple (AAPL) are driving the tech-heavy Nasdaq Composite (^IXIC) into turmoil amid a major sell-off on Wall Street. D.A. Davidson senior software analyst Gil Luria joins Morning Brief to discuss the market movement and his top tech stock picks despite the dip. "There's traders selling because they're covering their yen carry trade. There's computer algorithmic trading that's selling because those traders sold. And then there's index fund computers that are selling because those two sold. What's not happening is somebody didn't wake up this morning and say Apple, Amazon (AMZN), and Microsoft (MSFT) are worth 5% less than they were on Friday. That's not happening," Luria explains. He says that fundamental-based investors haven't changed their minds since Friday, and the prospects for large cap tech companies will continue to do well. He adds that there are companies out there that will benefit from AI over the next few years, and that value is not yet reflected in the stock price. He points to Apple as one of those companies as a buying opportunity, explaining its AI integration will drive an iPhone upgrade cycle. He also points to Amazon as another opportunity, noting that its AWS (Amazon Web Services) segment has more room to grow as it strengthens its AI capabilities. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl

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  • August 2, 2024

Big Tech: Investors questioning when AI bets will pay off

Recent Big Tech earnings reports have revealed that the sector continues to make substantial investments in generative AI technology and initiatives. However, as a result, expectations and valuations for these companies have become extremely high, making them challenging to meet or exceed. Market Domination anchor Julie Hyman analyzes the details, discussing why these investments are under pressure to succeed, given the lofty resources and market expectations tied to them. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

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  • August 2, 2024

There are the catalysts will take utilities higher: Analyst

The utilities (XLU) sector managed to defy Friday's steep market sell-off, gaining into the close to end the session 0.16% higher. Year to date, the group is one of the strongest performers in the S&P 500 (^GSPC). Bret Kenwell, eToro U.S. Investment and Options Analyst, joined Market Domination to discuss the sector's recent gains - and catalysts going forward. Historically, in periods of volatility investors flock to utilities for stable and steady growth. But looking at the group today, Kenwell sees "a collection of other catalysts" at play that could drive further gains. He notes the sector is projected to see its best year of earnings growth since 2009, on top of attractive valuation and the near-certainty of a September rate cut (thanks to Friday's weak jobs report). Looking to the broader market, Kenwell doesn't expect the current rotation out of megacap tech and into small caps to continue for all that long. "I think that at some point investors are going to start circling back at those names," he says, pointing to the recent declines in Nvidia (NVDA), Alphabet (GOOG, GOOGL), Microsoft (MSFT), and Amazon (AMZN). Watch the video above to hear what Kenwell says about the healthcare sector. For more expert insight and the latest market action, click here to watch this full episode of Market Domination.This post was written by Kathleen Welch

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  • August 2, 2024

Chevron hit with downgrade after Q2 miss, Hess deal setback

Chevron missed expectations in its second quarter, in part due to pressure from lower refining margins. Stewart Glickman, CFRA Research Energy Equity Analyst and Deputy Research Director joined Market Domination to discuss. Chevron (CVX) saw revenue of $51.18 billion for the quarter, higher than expected. But the oil giant's adjusted earnings per share of $2.55 missed expectations of $2.93. Glickman described the print as "disappointing," and downgraded the shares to a Hold from a Buy. Beyond the quarter, Chevron now faces a lengthy delay in its attempted acquisition of Hess (HES). Chevron saying in a securities filing that an arbitration case brought by rival ExxonMobil (XOM) could drag on well into 2025. Glickman noted that prolonged uncertainty was a factor in downgrading the stock, noting he and his team have "thrown in the towel" on the Chevron story. Conversely, ExxonMobil had a stellar quarter with a beat on its top and bottom line. The company's production securing a big boost from its recent acquisition of Pioneer. Glickman raised his price target on ExxonMobil's stock, noting the oil giant has "a much better story to tell." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Kathleen Welch

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  • August 1, 2024

Defiance ETFs Announces Transition of QTUM and SIXG from NYSE Arca to Nasdaq

NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs is pleased to announce that, effective on or about August 13, 2024, the Defiance Quantum ETF (NYSE Arca: QTUM) and the Defiance Connective Technologies ETF (NYSE Arca: SIXG) will cease trading on the NYSE Arca and will commence trading on the Nasdaq Stock Exchange. For more detailed information about these funds, including investment strategies and portfolio compositions, please visit Defiance ETFs. The Funds’ investment objectives, risks

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  • August 1, 2024

AI capex will be pivotal figure in tech, chip earnings

The chip sector reverses course from gains seen earlier this week. Will this trend continue or will chip stocks rebound even higher? Harvest Portfolio Management Co-CIO Paul Meeks joins Catalysts to discuss his outlook on tech amid this earnings season. Meeks describes the current earnings season as "weird and squirrelly," stating he is refraining from buying tech names until the season concludes. He notes that while some companies are posting strong results, "their stocks go down the next day," leading him to characterize it as "too difficult of a market." Regarding tech names, Meeks observes that this earnings season, "The only thing that was not controversial at all is how much... money they're going to spend on AI CapEx [capital expenditures]." He believes this "bodes incredibly well" for companies like Nvidia (NVDA), saying the semiconductor giant will "have a hold on this market as far as the eye can see." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith

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