Investment Learning

  • September 18, 2024

Tech stocks have 'a bit further to go' in 2024: Strategist

Truist co-chief investment officer and chief market strategist Keith Lerner believes tech stocks will run even higher in the fourth quarter, despite seasonal volatility (^VIX) that could persist. Lerner joins Madison Mills and Brad Smith on Morning Brief to examine how the tech sector could see late 2024 gains driven by earnings. "I think partly is that the earnings momentum is still with tech," he says, adding in his view tech stocks have "overextended positioning," so "what you've really been seeing in the last maybe month or two is really kind of getting some of that excess sentiment wrung out from the sector." Tech stocks have "a bit further to go," and "as we get into the earnings season, in a cooling economy, tech on the earnings front still outperforms. He adds "That will drive investors back to tech" because "that's the part of this bull market." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Naomi Buchanan.

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  • September 18, 2024

US housing starts climb in August, fastest pace since April

August saw US housing starts rise by 9.6% and pushed the annual pace to 1.36 million homes, according to the US Census Bureau's latest data. Yahoo Finance senior housing reporter Dani Romero breaks down the numbers, including the latest housing permits print, as mortgage rates ease and the Federal Reserve prepares to begin cutting interest rates. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.

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  • September 17, 2024

S&P 500 intraday high, Mag 7, silver: Market Takeaways

The S&P 500 (^GSPC) reached an intraday record high on Tuesday while closing just below its flatline on the eve of the Federal Reserve's interest rate decision. Yahoo Finance markets and data editor Jared Blikre joins Josh Lipton on Asking for a Trend to look back on the day's biggest market drivers, which also includes fund managers' persistent bullishness on Magnificent Seven tech stocks and pricing trends within silver (SI=F). For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Luke Carberry Mogan.

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  • September 17, 2024

Utility stock plays to invest around AI, lower interest rates

Hennion & Walsh CIO Kevin Mahn sits down in-studio with Josh Lipton and Josh Schafer on Market Domination ahead of Wednesday’s expected interest rate cut, discussing why the utilities sector (XLU) stands out in a changing rate environment. Utilities are “generally known for paying attractive dividend yields" and as interest rates come down, “these high dividend paying stocks are going to look a lot more attractive,” Mahn says. The sector has “also historically have a very defensive nature" which could help weather near-term volatility brought on by not only the 2024 presidential election and the "Fed guessing game." Mahn tells Yahoo Finance that the utility sector is "a backdoor play into the AI revolution" due to the intense power demands of data centers. He highlights Southern Company (SO), Sempra Energy (SRE), and NiSource (NI) as stocks within the sector that could benefit. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Naomi Buchanan.

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  • September 17, 2024

The days of 3 to 4% mortgages may be 'gone,' NAHB CEO says

The National Association of Home Builders (NAHB) reported home builder confidence to have risen to a print of 41 in September, up from August's reading of 39. Mortgage rates, also, continued to cool to 6.2%, declining their lowest levels since February 2023. Josh Lipton and Josh Schafer bring National Association of Home Builders CEO Jim Tobin onto Market Domination to talk about the signals the Federal Reserve is sending to the US housing market as the central bank continues to cut interest rates for the first time in four years this week. The Fed's rate narrative "does translate into almost a one-for-one cut in those construction loans that our members use in order to buy and improve land and start projects. So that's really what the Fed means for homebuilding in the short term," Tobin explains. He touches on the latest economic proposals hinted at by presidential candidates Donald Trump and Kamala Harris and why the focus should remain on the supply side of the housing market. "The days of 3 or 4% mortgages are gone, I'm afraid. So what we need to do is get this whole generation of buyers to recognize that 5.5% is still really cheap money, historically, when it comes to mortgage rates," Tobin says. "And it's going to be a great time to buy your home. For those who bought earlier in the last couple of years, it's going to be an opportunity for them to refi [refinance]." 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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