Arm Holdings CEO Rene Haas: Our business is increasingly being driven by AI workloads
Arm Holdings CEO Rene Haas joins CNBC's 'Squawk on the Street' to discuss the company's most recent earnings, expectations for growth, and more.
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CNBC
29 minutes ago
- CNBC
A cybersecurity play set to run even higher, and how to trade this week's inflation reports
(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in emerging markets on the back of U.S.-China trade talks and at a cybersecurity play focused on AI and remote work. Worldwide Exchange pick: CrowdStrike Shana Sissel of Banrion Capital sees more upside in CrowdStrike despite the cybersecurity giant seeing a more than 35% gain this year. "It's the leading player in that space. … Its Falcon XDR technology is incorporating AI, remote work continues to be a tailwind to the stock," said Sissel. CrowdStrike reported Tuesday where revenue inline with estimates and a better-than-expected profit, but guidance that was below expectations. But Bernstein downgraded CrowdStrike on Friday to market perform from outperform, citing valuation concerns. CrowdStrike trades at roughly 133 times forward earnings. Worldwide Exchange pick: Mexican stocks Alastair Pinder, head of emerging markets at HSBC, said U.S.-China trade talks in London are a tailwind for emerging markets and believes Mexico will be one of the biggest winners. "A surprise market that could do very well this year is Mexico," said Pinder. "They are a beneficiary long term of these trade tensions and this rejiggering of supply chains away from Asia and towards America … this is a market that trades at 12-times earnings it's used to be 19 times a lot of the bad news is already reflected in the price." The iShares MSCI Mexico ETF (EWW) has gained nearly 30% year to date. The dollar has dropped 8% against the Mexican peso. The trade ahead of CPI and PPI Jimmy Lee of Wealth Consulting group sees inflation improving and growing opportunities in interest rate sensitive cyclicals and small caps. His comments come ahead of the latest consumer and producer price index readings due this week. "I believe if the headline number continues to come in lower that there may be one or two more cuts than what the market is pricing in," Lee said to CNBC. "I like the cyclical sectors that would perform better in a lower rate environment as well as an economy that is not going into recession. … I think the smaller cap and mid cap stocks that have not participated in this year will come back." Citi on Monday lowered its outlook for Federal Reserve rate cuts from 100 basis points in 2025 to 75 basis points. Tracking the TIPS Gilbert Garcia of Garcia Hamilton believes we are likely seeing a peak in U.S. Treasury yields, noting it's an ideal time to buy at any point on the curve. "If you look at the real rate on TIPS (Treasury Inflation Protected Securities) they are unusually high … the real rate is roughly 250 basis points, which it should normally be 50 to 75 basis points," he said. Garcia noted bond yields moved higher after the jobs report but expects continued downward revisions similar to the 30,000 in April and 65,000 in March. Garcia expects those revisions to be eventually be reflected in bond pricing.
CNBC
an hour ago
- CNBC
Investors assess their U.S. exposure as uncertainty creates concerns — and opportunities
As investors assess whether the U.S. is still a good place to put their money, the list of events in the country making global headlines just keeps growing. Front of mind for investors is both U.S. President Donald Trump's tariffs regime — with much anticipated talks between the U.S. and China taking place in London on Monday — and the spending bill , which could allow the U.S. to add a new tax of up to 20% on foreigners with U.S. investments. Indeed, the market volatility under Trump's presidency so far has led some investors to diversify to other markets to ride it out. BofA fund flows data has shown investors fleeing U.S. equities and piling into Europe and Japan this year. "Policy uncertainty has risen in recent months, both globally and particularly in the U.S., and we think that will continue to inform debates among investors about the right exposure to U.S. assets," Richard Flax, chief investment officer at Allianz-owned Moneyfarm, told CNBC Monday. Over the weekend, riots in LA became the latest news to make headlines around the world as protesters demonstrating against federal immigration raids clashed with law enforcement . Investors said that no immediate market impact was expected from the ongoing riots, but they would be watching the Trump administration's response closely. "The riots themselves, I don't think are going to make things any worse — unless, of course, this goes on for another couple of weeks, or it spreads to other cities in the U.S.," Rami Cassis, founder of family office Parabellum Investments, told CNBC Monday in a phone call. "It's something we've seen in LA before, and I think most investors will see it just as that and hope that things settle down. The administration's response, on the other hand, means that they're a little bit more under the microscope, and how they address this is going to be telling." As the unrest continued, U.S. President Donald Trump deployed the National Guard to the city , federalizing part of California's National Guard that would ordinarily be under the control of state governor Gavin Newsom — who lashed out at the White House's response to the unrest. Meanwhile, U.S. Defense Secretary Pete Hegseth said on social media that U.S. Marines were "on high alert" and would be mobilized if violence continued in the city. Cassis added that the Trump administration's reaction to the LA protests so far "don't reflect well on an administration looking to resolve this in a sensible way." "I think the other concern is Trump's position on legal and illegal immigration, I think, is likely to eventually be a risk for the U.S. economy in terms of how its workforce is made up and access to resources," Cassis said. 'Surprisingly resilient' U.S. market Iain Barnes, chief investment officer at London-based wealth manager Netwealth, agreed that the response to the riots, rather than the event itself, was likely to strike a chord with investors who had already had their confidence in the U.S. shaken . "Taken on their own, we don't see the images of police and national guard on streets in LA as a signal for investors' views on the U.S. to change, but it does keep U.S. politics in market focus and will give global investors another excuse to say that the outlook for the world's biggest stock market has deteriorated," he explained. "The socially conservative standpoint on issues like immigration was expected, so it's the economic policies that have dented the confidence of domestic and international investors so far." Despite this, Barnes noted on Monday that nearly six months into Trump's second term, the U.S. market continued to look "surprisingly resilient given what's been thrown at it." Despite volatility, the S & P 500 index is still over 12% higher over the last 12 months. .SPX YTD mountain S & P 500 "Profit margins are at historically strong levels, spurring a strong rebound since the Liberation Day-induced panic so valuations remain our primary concern here," he said. "Heat has come out of the labor market and inflation is also cooling for now." He added that some areas of the U.S. actually looked ripe for investment. "We think the real yields on offer from U.S. Treasuries are increasingly attractive, should the growth profile deteriorate once the 90-day pause on Trump's 'reciprocal' tariff rates expires in early July," he said. "We still expect passive diversification away from U.S. assets over the medium term, but on a more cyclical view U.S. dollar weakness is likely to slow, if not revert." Pivot to Europe? Speaking on CNBC's "Europe Early Edition" Monday, John Blank, chief equity strategist at Zacks Investment Research, said broad diversification away from the U.S. was unlikely to end any time soon. "There's a regime shift away from the Trump administration, and the Trump administration's going to be with us — at least in this form, [with] control of both houses — for another 18 months. So it's very hard to say that people are going to change the thematic around avoiding a dominant Trump country, the United States, any time soon," he said. Europe was currently a good alternative to the U.S. for investors, Blank argued. "I think the fundamentals of the infrastructure packages , the defense packages , and the open arms Europe has shown for the Middle East and Canada and China, all of that's going to track interest in Europe in a way that we haven't seen in a while," he told CNBC. "Given how this president likes to not only tear up but put down immigration, put down international students, I cannot imagine anything but that creating a relative bid for European equities and European investment in a more direct sense as well."
Yahoo
an hour ago
- Yahoo
US seeking 'handshake' on rare earths from China, White House aide says
WASHINGTON (Reuters) -The three top U.S. trade negotiators are seeking a handshake with China in London talks to seal the agreement on rare earths reached by Presidents Donald Trump and Xi Jinping, White House economic adviser Kevin Hassett said on Monday. "The purpose of the meeting today is to make sure that they're serious, but to literally get handshakes," Hassett, director of the National Economic Council, told CNBC in an interview. "I expect it to be a short meeting with a big, strong handshake," Hassett added. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer were set to meet with Chinese counterparts in London on Monday to defuse the trade dispute between the two superpowers that has widened in recent weeks to include export controls over goods critical to global supply chains. Chinese export controls on rare earths was a very significant sticking point, Hassett said. With China controlling most of the global rare earth and magnet supply, its restrictions on sending those to the U.S. could disrupt production for American companies, including automakers, that rely on those materials, he said. Asked about the Chinese objection to U.S. curbs on semiconductor exports, Hassett said: "Our expectation is that after the handshake, then immediately after the handshake, any export controls from the U.S. will be eased, and the rare earths will be released in volume, and then we can go back to negotiating smaller matters." Sign in to access your portfolio
