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CNBC
an hour ago
- CNBC
How the ultra wealthy travel in Madrid
Located in the centre of Spain, capital Madrid welcomes more than 10 million visitors every year, but only a privileged few get to experience the level of luxury often hidden behind closed doors, until now! In this edition of 'First Class', CNBC shares an itinerary fit for the super-rich. We check in to the hotel designed for royalty, we reveal how the uber-wealthy eat and shop, and we meet the people behind Madrid's A-list experiences. Madrid welcomes 10 million visitors every year, but only a privileged few get to experience the level of luxury often hidden behind closed doors, until now. In this episode of 'First Class', CNBC opens doors to hotels designed for royalty, how the uber-wealthy eat and shop, and we meet the people behind Madrid's A-list experiences.
Yahoo
5 hours ago
- Yahoo
Wall Street's Tom Lee Says This 'Most Hated' Rally Could Be A Fortune-Maker—And Bitcoin at $250K Isn't Out Of Reach
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. When Wall Street veteran Tom Lee speaks, investors listen. As head of research at Fundstrat Global Advisors, Lee has built a reputation for bold predictions and contrarian calls that often prove prescient. In a recent CNBC interview, the market strategist delivered a compelling case for why current market skepticism could create generational wealth opportunities—and why his eye-popping Bitcoin price target might not be as crazy as it sounds. The Recovery Everyone Loves to Hate Lee describes the market's recent rebound as the 'most hated V-shape bounce in history,' pointing to a critical disconnect between market performance and investor sentiment. During what he calls 'April tariff Armageddon,' fear of recession drove massive liquidations, leaving most investors underexposed when markets staged their dramatic recovery. Don't Miss: Be part of the breakthrough that could replace plastic as we know it— — no wallets, just price speculation and free paper trading to practice different strategies. This positioning creates an unusual dynamic: strong fundamentals meeting widespread skepticism. 'Most investors are currently underexposed,' Lee notes, suggesting significant upside potential as sentiment eventually catches up to reality. Why the Market Is Cheaper Than You Think Challenging the narrative that stocks have become dangerously overvalued, Lee presents compelling valuation data. Despite enduring what he characterizes as 'six extinction-like events' over the past six years—including COVID-19, supply chain disruptions, inflation surges, aggressive Fed rate hikes, Trump tariffs, and geopolitical tensions—S&P 500 earnings have actually grown. More surprisingly, the equity-weighted S&P multiple has compressed from approximately 17.6 times in 2019 to 16 times currently. This suggests the market has become cheaper even as earnings demonstrated remarkable resilience through unprecedented challenges. Trending: Grow your IRA or 401(k) with Crypto – . Apple's AI Ace in the Hole While much attention focuses on the 'Magnificent Seven' tech giants, Lee offers a contrarian take on Apple (NASDAQ:AAPL). He believes the iPhone maker has been 'quietly ready to pounce on AI' and will 'surprise people' with its approach. Drawing parallels to Apple's transformative but late entry into smartphones with the 2007 iPhone launch, Lee suggests that when Apple decides to 'play big in AI,' it will 'change the game.' He emphasizes Apple's competitive advantages in safety, privacy, and user experience optimization—particularly valuable if large language models become commoditized. The strategist also supports speculation around Apple's potential foldable phone launch this fall, noting that larger screens drive users toward 'computing and something much higher capability,' aligning with augmented reality applications in the AI era. The Stablecoin Revolution and Ethereum's Golden Opportunity Lee identifies stablecoins as the 'ChatGPT moment for crypto,' highlighting their growing adoption by businesses, consumers, and major financial institutions like JPMorgan Chase (NYSE:JPM) and Citigroup (NYSE:C). This trend creates significant opportunities for Ethereum, which hosts the majority of stablecoins and generates over 30% of its network fees from this Ethereum approaching a $4 trillion market valuation, Lee sees substantial upside. While technical analysis suggests near-term targets around $5,000, he believes valuation metrics similar to Circle could justify prices between $10,000 and $20,000. The $250K Bitcoin Vision Perhaps Lee's boldest call remains his Bitcoin price target of $200,000 to $250,000, which he maintains 'still makes sense.' His reasoning is straightforward: this would value Bitcoin at just 25% of gold's market size. Looking further ahead, Lee reiterates his belief that Bitcoin 'should be worth over a million per bitcoin' and that this 'could happen in the next few years.' The Bottom Line Lee's message is clear: current market skepticism, combined with resilient fundamentals and emerging technological shifts, creates compelling investment opportunities. Whether through traditional equities trading at compressed multiples, Apple's potential AI breakthrough, or cryptocurrency's institutional adoption wave, patient investors willing to look past short-term noise may find themselves positioned for significant gains. As Lee emphasizes, his goal at Fundstrat remains helping clients 'find good ideas and make money'—and his track record suggests these contrarian insights deserve serious consideration. Read Next: A must-have for all crypto enthusiasts: . Image: Shutterstock This article Wall Street's Tom Lee Says This 'Most Hated' Rally Could Be A Fortune-Maker—And Bitcoin at $250K Isn't Out Of Reach originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 hours ago
- Yahoo
International Business Machines Corporation (IBM): Don't Abandon The Stock, Warns Jim Cramer
We recently published . International Business Machines Corporation (NYSE:IBM) is one of the stocks Jim Cramer recently discussed. International Business Machines Corporation (NYSE:IBM) is one of Cramer's favorite technology stocks. Throughout this year, the CNBC TV host has expressed optimism about the firm's CEO and the firm's consistency in winning contracts for its enterprise computing business. International Business Machines Corporation (NYSE:IBM)'s shares fell by 7.6% after the firm's latest earnings report saw software revenue of $7.39 billion miss analyst estimates of $7.43 billion. Cramer discussed the earnings report: 'Most of the news is good this morning, IBM. I still think not as bad, uh, Chipotle we have to talk about. Copyright: believeinme33 / 123RF Stock Photo Previously, he discussed potential future International Business Machines Corporation (NYSE:IBM) share price movement: 'Oh, I like IBM very much. I mentioned Ben Wright earlier. I think that Ben, he's really turned me on to this stock. We did a very positive piece about it. I think it goes, I'm going to say not much higher but creeping higher over time, and that's actually a great place to be. So I like IBM.' While we acknowledge the potential of IBM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
