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Miami Herald
2 days ago
- Business
- Miami Herald
Stocks and Markets Podcast: Strategist gives tips on what to watch for in August
This article is based on TheStreet's Stock & Markets Podcast. Hosted by the veteran Wall Street investor Chris Versace, the weekly podcasts are available early to members of TheStreetPro investing club. Shall I compare thee to a summer's day? Well, in that case, you'd better hurry up Summer is starting to wind down, and some investors might be feeling a little uncertain right about now. Don't miss the move: Subscribe to TheStreet's free daily newsletter But this has historically been a less-than-stellar time for the stock market, and Jay Woods, chief global strategist with Freedom Capital Markets, said that August and September are two of the market's worst performing months. "You go back the last 15 years to 2011, August and September have been down more than they've been up," he said. "September, in fact, is a losing month over that time. So, we're seeing this seasonal pattern of weakness." "Weird things happen in August," Woods added. "I don't know why." Woods shared his insights with Chris Versace, columnist and lead manager of TheStreet Pro portfolio during the Aug. 6 edition of TheStreet's Stock & Markets Podcast, as he discussed what stocks and sectors investors should buy and avoid in the month that has been called summer's last stand. Stock have had big run since bottoming in April, Versace noted. The Standard & Poor's 500 Index has risen 32.2% from the low. The Nasdaq Composite Index is up 45% in the same time period. "We're about two thirds of the way through the earnings season," Versace added. "Earnings have been, by and large, better than expected. But we're entering that time of the year known to many as August. Seasonally slow. Not the strongest time of the year." More Economic Analysis: Trump sends strong message on Federal Reserve Chair decisionA divided Federal Reserve mulls interest rate cut after wild weekFederal Reserve reveals latest interest rate cut decision Woods believes the market is in a "garden variety pullback" that happens in August and September. "So, as a technician that follows price action, the seasonal factors are lining up, too," Woods said. "I think you want to get ready to buy some of these dips, especially in the strongest names. So you stay, you go to the beach for a little while. You come back, and see where the opportunities are." Technology and financials are doing okay now, Woods said, "and that's going to take this market higher." Follow TheStreet's Stocks & Markets Podcast on Apple Podcasts, Spotify, or YouTube. Don't miss the move! Woods said that he is watching software giant Microsoft (MSFT) , which he noted had stellar earnings, but then peaked at $555 on July 31 and has since reversed. "Microsoft did exactly what Nvidia (NVDA) did," he said, referring to the AI chipmaker. "It hasn't had a sideways action in quite some time. So, we're in a digestive phase right now in this market. And it's not just Microsoft. Look at Meta (META) , look at a lot of these names that had tremendous runs." Woods also discussed areas to avoid, including pharmaceuticals and materials. President Donald Trump has escalated his demands that pharma companies lower U.S. drug prices in line with what other countries pay. Related: Stocks and Markets Podcast: Prairie Operating CEO on energy business "Pharma is getting hit," he said. "The drug makers don't know what to do here because what he wants to do is get comparable pricing in the U.S. To our European counterparts, you and I, this is fantastic. But to the drug makers, to the shareholders of these stocks, this is going to hurt their margins dramatically." Woods also warned about staples, including companies like Procter & Gamble (PG) , Clorox (CLX) , and Kimberly-Clark (KMB) . "Overall, we're talking about those household, everyday items that we need," he said. "It's going to be tough because their margins are going to get hit, and it's going to come back to us. And then the consumer is going to get a little more selective." Woods said the only winners in this case are "cheap retail stocks" like Dollar General (DG) and Dollar Tree (DLTR) . Stocks in the materials sector "are a little wonky," he said, as some mining-related companies have done well, such as gold producer Newmont Corp. (NEM) , but companies like Sherwin-Williams (SHW) and Dow (DOW) have struggled. "They warned, and they warned again after lowering the bar a quarter ago," Woods said. "So these stocks are in the penalty box for now. And you're not going to get a nice bang for your buck at these levels. It's going to take a little while for them to turn around." He said that the market is in a period of uncertainty after a tremendous run. "What do we do after we have a tremendous run?" he asked. "We digest those gains. We consolidate. I do not think we're on the verge of a bear market or recession, but there are some data points that have my antenna up. And if the data changes, if price changes, then I'll change my tune." Woods said that he is okay with a little pullback right now, and "I think we're going to be set up to have a strong fourth quarter and finish 2025 at or near all time highs." Related: The stock market is being led by a new group of winners The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Miami Herald
4 days ago
- Business
- Miami Herald
The Dow is signaling something is amiss
The conventional wisdom on Wall Street is that the Dow Jones Industrial is a lovely but archaic way of looking at the stock market. It is archaic, first published on May 26, 1896. Don't miss the move: Subscribe to TheStreet's free daily newsletter And it is a peculiar measure: It's price weighted. The higher the price the more impact a stock has on the average. The Standard & Poor's 500 Index is market-capital weighed. The larger the market cap of a stock the bigger the impact on the index. The Dow has its uses, and maybe now the index is warning that it's looking a bit messy. Like today. The Dow was off as many as 394 points before recovering to a loss of 224 points. Not so good. It's off about 2.5% from its 52-week high. Not horrible. But that 52-week high of 43,969 was reached on Dec. 24. Related: Stock Market Today: NY Fed delivers harsh inflation surprise But compare that with the S&P, which has notched nearly a dozen 52-week highs in 2025. The S&P's last 52-week high was reached on July 31. TIMOTHY A. CLARY/Getty Images And now the Dow has finished off lower for the eighth session in the last 11. The easiest explanation is the market is stalling. True. But it is stalling across a number of sectors. Indeed, the seven worst Dow stocks on the day are off a combined 151 points or the 67% of the entire loss. Related: New space stock turns heads with $10 billion IPO surprise The group includes: Salesforce (CRM) , whose shares contributed 51 points to the Dow's loss followed by: Caterpillar (CAT) , 65 Dow points. Microsoft (MSFT) , 25 Dow points. JPMorgan Chase (JPM) , 27 Dow points. Visa (V) , 47 Dow Sachs (GS) , 31 Dow Group (UNH) , 20 Dow points. But you have industrial stocks (Caterpillar); tech stocks (Microsoft and Salesforce); financial stocks (JP Morgan, Goldman Sachs and Visa) and health care (UnitedHealth Group). More Experts Stocks & Markets Podcast: Sectors to Avoid With Jay WoodsTrader makes bold call with Boeing stock after defense workers strikeVeteran fund manager sends urgent 9-word message on stocks That cuts across most of the economy. Why do these matter now: All are exposed to tariffs and the global economy. And tariffs have been a flash point for the economy. So, if investors are worried, these might be worth keeping an eye on. Related: Bonus for the economy: lower oil, gas prices ahead The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Business Wire
04-08-2025
- Business
- Business Wire
U.S. News & World Report Names Cintas One of the Best Companies to Work For 2025-2026
CINCINNATI--(BUSINESS WIRE)-- Cintas Corporation (Nasdaq: CTAS) has been recognized by U.S. News & World Report as one of the best companies to work for in 2025-2026. This award demonstrates Cintas' strong commitment to creating a workplace culture where employee-partners feel supported and are given opportunities to thrive. 'At Cintas, we believe that our employee-partners are our greatest strength,' said Todd Schneider, Cintas President and CEO. 'This award recognizes their dedication to our culture, where employee-partners feel valued and empowered. We are always proud to receive these awards and be recognized as a great place to work.' To create this list, U.S. News evaluated the largest 5,000 publicly traded companies as of January 2025. The rankings are derived from an independent analysis of employee sentiment combined with publicly available data. The key factors evaluated included: Quality of pay and benefits Work-life balance and flexibility Job and company stability Physical and psychological comfort Belongingness and esteem Career opportunities and professional development Cintas was also recognized in one of the major categories, including Best Workplaces in the Midwest. About Cintas Corporation Cintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing products and services that help keep their customers' facilities and employees clean, safe, and looking their best. With offerings including uniforms, mats, mops, towels, restroom supplies, workplace water services, first aid and safety products, eye-wash stations, safety training, fire extinguishers, sprinkler systems and alarm service, Cintas helps customers get Ready for the Workday®. Headquartered in Cincinnati, Cintas is a publicly held Fortune 500 company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor's 500 Index and Nasdaq-100 Index.
Miami Herald
03-08-2025
- Business
- Miami Herald
Stocks will try to recover their mojo this week
So after Friday, when the all the stocks in the Standard & Poor's 500 fell an average 1% and the major averages fell more than 2% in a week, it's understandable to ask, "OK, now what?" Don't miss the move: Subscribe to TheStreet's free daily newsletter Well, there are 1,382 earnings reports to think about. There's the economy, too. And all the tariff negotiations to consider. Will there be a deal with China? Can Canada kiss and make up with the Trump administration? How about we think about only a few earnings (we'll get to them shortly) and some of the forces that may well affect markets more than we expect now. Related: Warren Buffett's stock still struggling since May peak The Standard & Poor's 500 Index managed to hit five straight new closing highs between July 21 and July 28. The index then closed lower each day for the next four days ending with Friday's bust, with the S&P 500 off 1.6% for the day. The question is if those four days of selling were one-offs. Let's look at four realities. The indexes and many stocks have been giving off signals for weeks that it was getting to be overbought. Multiples have expanded until something triggered professional money managers to decide to wait for better prices. You saw it Thursday when the Federal Reserve held rates steady and wouldn't say when a rate is coming. You saw it Friday after reports from (AMZN) and Coinbase Global (COIN) disappointed investors. Not so much because the jobs created came in less than expected. It was the huge revisions for May and June that enraged President Trump enough to fire the head of the Bureau of Labor Statistics, accusing her of cooking the data to make him look bad. (Without evidence) This is a month, which, the Stock Traders Almanac tells us, is the worst month of the year for the Dow Jones Industrial Average and second worst month for the S&P 500 and Nasdaq Composite Index. Related: Veteran trader takes hard look at Microsoft Q4 report and sends a warning They're doing back-to-school shopping. They're worried about wild fires in the West. Along the southern Atlantic and Gulf coasts, they're watching for hurricanes. China, Mexico and Canada negotiations are moving slowly. And they're starting to be a problem for many companies that can't absorb higher costs. Listen carefully when Walmart (WMT) reports earnings on Aug. 21. Last week's selloff pushed bond yields lower. Especially the 10-year Treasury note, the key determinant of mortgage rates. The rate on a 30-year mortgage was pushing toward 6.6%. Enough to save a home buyer upwards of $1,200 a year if buying a $300,000 home with 15% down. That assumes buyers and sellers can agree on prices that make sense. Did it affect stocks last week? It sure did. Shares of D.R. Horton (DHI) jumped 5.2% to $150.30 on Friday as bond yields came down. Horton, Pultegroup (PHM) , Lennar (LEN) and (NVR) were all sharply higher Friday and led the S&P 500's Consumer Discretionary Sector. The sector index was down 3.6%, partly because of Amazon's 8.3% tumble. Michael M. Santiago/Getty Images Start with Palantir (PLTR) , which reports after Monday's close. The stock fell 2.9% last week, but it is up 13.2% this quarter and 104% this year. This an artificial intelligence play. It takes lots and lots of data and makes sense of it for military and big corporate clients. Revenue estimate: Earnings of 12 cents a share, up 33%. Revenue of $939 million would be up 38%. It is a pricey stock: Its simple price earnings ratio is 674. Its forward p/e ratio is 328. More Palantir Veteran trader surprises with Palantir price target and commentsMusk moves xAI, Grok onto Palantir turfVeteran analyst sends bold message on Palantir stock targetPalantir makes surprise move into weather On the AI vein, chipmaker Advanced Micro Devices (AMD) reports after Tuesday's close. The revenue estimate is $7.4 billion, up 27.2%. Earnings are projected at 40 cents, but down 42%. Eaton Corp (ETN) , maker of important gear used in AI applications, also reports Tuesday. Related: A country is ready to scrap all visas for Americans Wednesday brings in consumer stocks, especially McDonald's (MCD) and Walt Disney Co. (DIS) . Both should have lots to say about what consumers are telling them. Neither is expected to report big earnings and revenue gains. Eli Lilly (LLY) and Gilead Sciences (GILD) lead the Thursday earnings. The former has a big weight drug Zepound with more in the pipeline. Also reporting Uber Technologies (UBER) , DoorDash (DASH) , Shopify (SHOP) and Airbnb (ABNB) . Related: Costco has a serious credit card problem The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Miami Herald
31-07-2025
- Business
- Miami Herald
Coinbase shares slide after hours
Coinbase Global (COIN) had been on a tear this year. The stock was up more than 52% since Dec. 31, 15th among stocks in the Standard & Poor's 500 Index. That performance is still tops among stocks in the S&P 500 Financial sector, ahead of such giants as Citigroup (C) , Bank of New York Mellon (BK) and Charles Schwab (SCHW) . Coinbase was added to the S&P 500 only on May 19, replacing Discover Financial, which merged with Capital One Financial (COF) . But shares fell nearly 8% from a regular close of $377.76. The company reported results that came up short of estimates. Related: Stock Market Today: Shares see gains shrink in last hour of trading Revenue was down slightly at $1.5 billion. Transaction revenue of $764.3 million missed Street estimates for $814 million. Retail trading volume was $43 billion, compared with estimates of $48.05 billion. Subscription revenue was $655 million, compared with a consensus estimate of $705 million. Operating expenses were up 15%, largely because of costs from a data-theft incident disclosed in May. The net income estimate was $319 million. The actual was more confusing. It was $1.4 billion. It included a $1.5 billion gain on "strategic investments" and a $362 million gain on crypto investments. But the adjusted net was $33 million. What makes Coinbase unique is that it is a cryptocurrency exchange and a lot of other things. But not a bank. Its has capitalized on the soaring value of bitcoin, which closed at 116,778, down slightly on the day. It is still up 25% on the year and more than 608% from the end of large financial institutions have won regulatory approval to create spot bitcoin exchange-traded funds. Aside from the strong earnings showing, Coinbase also provided investors with a small glimpse of what 'Life After the Crypto Bill' will look like. Namely, how it plans to seize on regulatory clarity to expand beyond crypto and into other asset classes. Related: Warren Buffett sends White House blunt message on the economy Representatives for the company told TheStreet it is "actively building and testing" a new product called the "Everything Exchange." This will allow users to trade "traditional stocks, prediction markets, foreign exchange, treasuries, commodities, and more" directly on the Coinbase platform. Coinbase plans to power these new features with tokenization, which has already found a 'grand slam' use case in stablecoins. More AI Stocks: Google plans major AI shift after Meta's surprising $14 billion moveMeta delivers eye-popping AI announcementVeteran trader surprises with Palantir price target and comments Today, stables like Tether and USD Coin (which is issued by Coinbase and Circle) are already widely adopted. Soon, industry participants believe that a token takeover will expand to blockchain, allowing users to trade all of their favorite assets on-chain. The new "Everything Exchange" is anticipated to be a product built on top of its in-house blockchain, Base. Among other things, reports have shown that the company has big plans in store for the Base App. The company is eying an expansion of the current Base Wallet to include social, messaging, and other app support. The new features are expected later this year. It's not the only wall that the company looks to be knocking down. On Wednesday, Bloomberg reported that Coinbase reached a deal with JPMorgan Chase (JPM) , allowing customers to link their accounts to their crypto wallets. The direct dealing will cut out data aggregators like fintech Plaid, creating a direct data pipe between the exchange and America's largest bank amid a crackdown on data access at the bank. It's a big step forward for the exchange, which only years back was unable to accept transactions from the bank, which cited "fraud" for freezing transactions outbound to the exchange. Related: Veteran fund manager points to glaring stock market risk The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
