Latest news with #AriWald
CNBC
12-05-2025
- Business
- CNBC
These Big Tech stocks could be poised for long-term gains, Oppenheimer's Ari Wald says
Shares of Apple and Meta Platforms may be due for even more moves to the upside despite their pullback in recent months, according to Ari Wald, head of technical analysis at Oppenheimer. Wald joined CNBC's " Power Lunch " on Monday to discuss the two "Magnificent Seven" names, as well as one other stock that was surging in the day's session along with the rest of the market. Apple Apple shares popped about 6% during Monday's session after the U.S. and China announced that they've agreed to temporarily suspend their steep tariff rates , with the U.S. bringing its duties down to 30% on Chinese imports and China cutting its levies on U.S. goods to 10%. AAPL 1D mountain AAPL, 1-day However, the iPhone maker is weighing raising iPhone prices in the upcoming fall season, The Wall Street Journal reported Monday, citing people familiar with the matter. Most of the company's iPhones are made in China . "We still think we are in a large-cap Growth-led secular bull market, and I think Apple benefits over the long term," Wald said during the segment. "For that reason, looking at the stock, I think the positive is that it has paid to buy this stock when it's ugly." Despite the stock's latest gains, it's still down about 16% in 2025, and Wald cautioned that he still sees some technical weakness ahead in the near term when compared to the broader market. "Still, there's some resistance to get through pushing right into a 50-day average," the technical analyst said. "So, not necessarily our top-ranked stock right here, right now." Meta Platforms Fellow megacap technology stock Meta Platforms has also risen with Monday's rally, gaining 8%. The company also has exposure to China, particularly through advertising . META 1D mountain META, 1-day While Wald thinks that Meta, like Apple, will benefit in the long run given his bull market stance, he believes it "looks better from a near-term trading basis." "I think Meta in particular, benefiting from [the] strength that we're seeing in communication services, it's moving up in our momentum ranks," he also said. "Now that it's turning higher again, our assumption is that long-term strength is resuming." Stanley Black & Decker Shares of manufacturing company Stanley Black & Decker climbed even higher Monday than both Apple and Meta, seeing almost a 16% gain. SWK 1D mountain SWK, 1-day But Wald believes investors should view this as a chance to sell shares, as he points out that the stock is "still in a downtrend." "We would not be chasing this," he said. "Here's a stock still below its key long-term moving averages, its 200-day average. And so for that reason, I prefer to sell strength." "I want stuff that I can hold for the long run, and I don't think this is it," Wald continued.
CNBC
12-05-2025
- Business
- CNBC
3-Stock Lunch: Apple, Meta, Stanley Black & Decker
Ari Wald, Oppenheimer head of technical analysis, joins CNBC's 'Power Lunch' to discuss outlooks on three stocks.
Yahoo
30-04-2025
- Business
- Yahoo
One chart shows why the stock market could be headed for another period of intense volatility
The S&P 500 is nearing two key resistance levels that could give way to more volatility and selling. The index's rally faces challenges at the 50-day and 200-day moving averages. Potential market catalysts include Q1 GDP, the April jobs report, and first-quarter earnings. Breadth thrust buy signals? Check. A collapse in volatility? Check. To many chart readers, it seemed like the latest technical signals were pointing to a fresh and lasting upswing in the stock market — but not so fast. The S&P 500 is approaching key resistance levels that could unleash a wave of selling and increase volatility in the near term. Since the benchmark index rallied 14% from tariff-induced lows earlier this month, it is fast approaching its declining 50-day moving average and 200-day moving average. This embedded content is not available in your region. When the stock market is in a downtrend, as it has been since it made a series of lower highs and lower lows in March and April, the declining moving averages typically represent a level where sellers can overwhelm buyers, driving stock prices lower and extending the downtrend. "We favor the 200-day average as a gauge of the market's primary trend," Ari Wald, head of technical analysis at Oppenheimer & Co., told Business Insider on Tuesday. "It often serves as support in uptrends and resistance in downtrends." As of Tuesday afternoon, the 50-day moving average of 5,613 represents 1.2% upside from current levels, while the 200-day moving average of 5,746 represents 3.6% upside. But from there, it will likely be a tougher hill to climb for the stock market. "The key question we're focused on is whether the first-quarter weakness was simply a sharp correction within an ongoing bull cycle, or the start of a more extended consolidation following a meaningful trend break," Wald said. "We lean toward the latter view, and believe the risk/reward profile becomes less attractive as the S&P 500 approaches its 200-day moving average," He added. Whats more, the S&P 500's 200-day moving average is around the same level where the market peaked in late March, representing yet another reason why selling could take place around 5,750. "The S&P 500 is reaching a 'confluence of resistance' formed by the 200-day moving average as well as the late March swing low around 5750," David Keller, chief strategist at Sierra Alpha Research, told BI. "Given the severity of the upswing, we would expect at least a tactical pullback from this resistance zone as the market digests recent gains," he said. For Katie Stockton, founder of Fairlead Strategies, the 50-day moving average is a key resistance level to watch in the coming trading days. And she thinks the stock market will be able to break above it. "Our market internals are supportive of a bigger rebound," Stockton told clients in a note on Monday. "Sentiment has recovered meaningfully per the Fear & Greed Index, which is back above 25% after becoming deeply oversold earlier this month." However, according to Stockton, a break above the S&P 500's 50-day moving average would likely be short-lived and ultimately give way to renewed weakness. "Both the SPX and Nasdaq-100 Index have room to initial resistance at their 50-day MAs, respectively 5625 and 19680, breakouts above which would likely foster additional momentum before the rally fails," she said. As to what could cause a new wave of selling in the stock market, it could be investors' reaction to a flurry of upcoming data. Investors will get a first glimpse at first-quarter GDP on Wednesday along with an update to the Fed's preferred inflation gauge. Those data points will by followed by the April jobs report on Friday. On May 7, investors will hear from Jerome Powell at the Federal Reserve's next policy meeting, which could include a shift in the central bank's view of interest rates. In between all of the macroeconomic updates, first-quarter earnings season will be in full swing, with most mega-cap tech giants set to report results in the next few days. Read the original article on Business Insider
Business Insider
29-04-2025
- Business
- Business Insider
One chart shows why the stock market could be headed for another period of intense volatility
Breadth thrust buy signals? Check. A collapse in volatility? Check. To many chart readers, it seemed like the latest technical signals were pointing to a fresh and lasting upswing in the stock market — but not so fast. The S&P 500 is approaching key resistance levels that could unleash a wave of selling and increase volatility in the near term. Since the benchmark index rallied 14% from tariff-induced lows earlier this month, it is fast approaching its declining 50-day moving average and 200-day moving average. When the stock market is in a downtrend, as it has been since it made a series of lower highs and lower lows in March and April, the declining moving averages typically represent a level where sellers can overwhelm buyers, driving stock prices lower and extending the downtrend. "We favor the 200-day average as a gauge of the market's primary trend," Ari Wald, head of technical analysis at Oppenheimer & Co., told Business Insider on Tuesday. "It often serves as support in uptrends and resistance in downtrends." As of Tuesday afternoon, the 50-day moving average of 5,613 represents 1.2% upside from current levels, while the 200-day moving average of 5,746 represents 3.6% upside. But from there, it will likely be a tougher hill to climb for the stock market. "The key question we're focused on is whether the first-quarter weakness was simply a sharp correction within an ongoing bull cycle, or the start of a more extended consolidation following a meaningful trend break," Wald said. "We lean toward the latter view, and believe the risk/reward profile becomes less attractive as the S&P 500 approaches its 200-day moving average," He added. Katie Stockton, founder of Fairlead Strategies, highlighted the 50-day moving average as a key resistance level to watch in the coming trading days. And she thinks the stock market will be able to break above it. "Our market internals are supportive of a bigger rebound," Stockton told clients in a note on Monday. "Sentiment has recovered meaningfully per the Fear & Greed Index, which is back above 25% after becoming deeply oversold earlier this month." However, according to Stockton, a break above the S&P 500's 50-day moving average would likely be short-lived and ultimately give way to renewed weakness. "Both the SPX and Nasdaq-100 Index have room to initial resistance at their 50-day MAs, respectively 5625 and 19680, breakouts above which would likely foster additional momentum before the rally fails," she said. Big stock market catalysts ahead As to what could cause a new wave of selling in the stock market, it could be investors' reaction to a flurry of upcoming data. Investors will get a first glimpse at first-quarter GDP on Wednesday along with an update to the Fed's preferred inflation gauge. Those data points will by followed by the April jobs report on Friday. On May 7, investors will hear from Jerome Powell at the Federal Reserve's next policy meeting, which could include a shift in the central bank's view of interest rates. In between all of the macroeconomic updates, first-quarter earnings season will be in full swing, with most mega-cap tech giants set to report results in the next few days.
CNBC
28-04-2025
- Business
- CNBC
S&P 500 likely to face stiff resistance ahead, especially around this level
Although the S & P 500 is coming off strong gains in the previous week, several technical analysts are warning that the market isn't yet in the clear. As of midday Monday, the S & P 500 was down about 0.7%, trading above the 5,480 level. The broad market index advanced 4.6% last week on hopes for progress on tariff talks. According to Ari Wald, technical analyst at Oppenheimer, the risk-reward outlook for the broad market index is becoming "less favorable" as it nears its 200-day average near the 5,745 level. "We believe risk-taking is establishing a floor and likely needs to back & fill over the coming months," Wald wrote in a note on Saturday. Roth Capital Partners' chief technical strategist JC O'Hara noted Sunday that while the S & P 500 is no longer in correction territory, he sees overheard resistance until the 5,670 level, where the broad market index closed on April 2. "Repairs continue but the bear case remains," O'Hara wrote. JPMorgan's cross-asset strategy team also forecasts the S & P 500 staying in a range between 5,200 and 5,800 — its bull and bear case levels. In a Friday client note, the investment bank said "to sell risk assets on strength rather than chasing the momentum as a complete shift in narrative will require clearing further headlines."
