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2 hours ago
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Tom Lee Says V-Shaped Rally Among 'Most Hated' Ever As Market Nears All-Time Highs, Warns Of Possible 'Face-Ripper' Surge
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Tom Lee, co-founder and Head of Research at Fundstrat Global Advisors, predicts a substantial market rally despite widespread investor skepticism as the S&P 500, tracked by SPDR S&P 500 (NYSE:SPY), trades within 2% of all-time highs. What Happened: Lee wrote on X that 'This remains one of the 'most hated' V-shaped rallies and yet we are within 2% of all-time highs.' He cited short positioning, bear sentiment, and improving macro conditions as catalysts for a possible 'face-ripper rally.' The S&P 500, closed at 5,970.37 on Tuesday, up 0.58%, while the Nasdaq-100 gained 0.79% to 21,662.58. The benchmark index reached an all-time high of 6,152.87 in February. Trending: Start investing with eToro's CopyTrader — . Speaking on CNBC, Lee emphasized the disconnect between market performance and investor sentiment. 'You'd think that with the S&P doing well this week and a great May investors are bullish. They are not,' Lee said. 'In our calls and zooms with portfolio managers many are still cautious because they see tariff risks ahead.' Lee highlighted technical indicators supporting further upside. 'Given the amount of cash on the sidelines, the fact that short interest is going up and we have a quiet week and markets are rallying, I think the risk is now of a substantial leg up rally from here,' he stated. Why It Matters: Regarding tariff concerns, Lee downplayed their economic impact. He estimates a 10% tariff rate would create roughly a 1% GDP effect, comparing it to oil moving from $40 to $80. 'We wouldn't say $80 oil breaks the economy anymore,' Lee noted. The Fundstrat strategist expects the Federal Reserve to remain dovish through 2026 as housing prices decline and deliver deflationary pressure. Housing represented 75% of inflation increases since 2019, according to Lee's analysis. For sector positioning, Lee favors the Magnificent Seven technology stocks alongside financials, industrials, and small caps for the second half of 2025. He views the MAG 7 as 'the first to peak, the first to bottom' during recent market volatility. Lee's bullish outlook contrasts with mounting concerns from JPMorgan Chase Inc. CEO Jamie Dimon and others about potential bond market instability amid rising federal deficits and elevated long-term Treasury yields. Read Next: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000. Invest Where It Hurts — And Help Millions Heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold. Image Via Shutterstock This article Tom Lee Says V-Shaped Rally Among 'Most Hated' Ever As Market Nears All-Time Highs, Warns Of Possible 'Face-Ripper' Surge originally appeared on
Yahoo
4 hours ago
- Business
- Yahoo
Tom Lee Says V-Shaped Rally Among 'Most Hated' Ever As Market Nears All-Time Highs, Warns Of Possible 'Face-Ripper' Surge
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Tom Lee, co-founder and Head of Research at Fundstrat Global Advisors, predicts a substantial market rally despite widespread investor skepticism as the S&P 500, tracked by SPDR S&P 500 (NYSE:SPY), trades within 2% of all-time highs. What Happened: Lee wrote on X that 'This remains one of the 'most hated' V-shaped rallies and yet we are within 2% of all-time highs.' He cited short positioning, bear sentiment, and improving macro conditions as catalysts for a possible 'face-ripper rally.' The S&P 500, closed at 5,970.37 on Tuesday, up 0.58%, while the Nasdaq-100 gained 0.79% to 21,662.58. The benchmark index reached an all-time high of 6,152.87 in February. Trending: Start investing with eToro's CopyTrader — . Speaking on CNBC, Lee emphasized the disconnect between market performance and investor sentiment. 'You'd think that with the S&P doing well this week and a great May investors are bullish. They are not,' Lee said. 'In our calls and zooms with portfolio managers many are still cautious because they see tariff risks ahead.' Lee highlighted technical indicators supporting further upside. 'Given the amount of cash on the sidelines, the fact that short interest is going up and we have a quiet week and markets are rallying, I think the risk is now of a substantial leg up rally from here,' he stated. Why It Matters: Regarding tariff concerns, Lee downplayed their economic impact. He estimates a 10% tariff rate would create roughly a 1% GDP effect, comparing it to oil moving from $40 to $80. 'We wouldn't say $80 oil breaks the economy anymore,' Lee noted. The Fundstrat strategist expects the Federal Reserve to remain dovish through 2026 as housing prices decline and deliver deflationary pressure. Housing represented 75% of inflation increases since 2019, according to Lee's analysis. For sector positioning, Lee favors the Magnificent Seven technology stocks alongside financials, industrials, and small caps for the second half of 2025. He views the MAG 7 as 'the first to peak, the first to bottom' during recent market volatility. Lee's bullish outlook contrasts with mounting concerns from JPMorgan Chase Inc. CEO Jamie Dimon and others about potential bond market instability amid rising federal deficits and elevated long-term Treasury yields. Read Next: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000. Invest Where It Hurts — And Help Millions Heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold. Image Via Shutterstock This article Tom Lee Says V-Shaped Rally Among 'Most Hated' Ever As Market Nears All-Time Highs, Warns Of Possible 'Face-Ripper' Surge originally appeared on Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Yahoo
a day ago
- Business
- Yahoo
Apple App Store Sales Jump In May, Boosting Outlook For Services Growth
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. JP Morgan analyst Samik Chatterjee had an Overweight rating on Apple Inc (NASDAQ:AAPL) on Tuesday. Apple's App Store revenue for May, tracked by Sensor Tower, increased by 4.9% month-over-month (which compares to an average sequential uptick of 2.3% seen historically going from April to May) and helped support an acceleration of year-over-year revenue trends to up 13.0% Y/Y in May (versus up 11.8% Y/Y in April), Chatterjee stated. While the management did not provide official guidance for Services revenue growth for the calendar second quarter or fiscal third quarter, the analyst noted the latest monthly revenue trends for the App Store to be supportive of Services growth tracking in line with his forecast for low-double-digit year-over-year growth, contrary to investor concerns from the lack of an explicit guide. Don't Miss: Start investing with eToro's CopyTrader — mirror top-performing traders with no management fees, and receive a $10 bonus when you deposit $100 today. Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today. Chatterjee remarked that in May, App Store downloads increased by 2.0% month over month (versus a decline of 4.6 % M/M in April), compared to an average sequential change of 0.1% decline seen historically from April to May. The analyst said that on a year-over-year basis, the App Store downloads increased by 3.1% in May (versus +5.8% in April). On the flip side, some experts cite research pointing toward growth issues for Apple's iPhone. Counterpoint Research has cut growth expectations for global smartphone shipments in 2025 to 1.9% on Wednesday, down from 4.2% previously, citing Trump administration tariff-related uncertainties. The firm also revised shipment growth from China down to near flat and expects Apple and Samsung Electronics shipments to slow as the companies pass the cost burden on consumers. Other research from IDC expects the U.S. smartphone shipment to grow by 1.9% in 2025, down from 3.3% in 2017, due to increased uncertainty and tariff-related price increases. Meanwhile, Deepwater Research's Gene Munster estimated that Apple has about two years to perfect its AI strategy, but it will require increased investments. Read Next: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000. Invest Where It Hurts — And Help Millions Heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold. Photo by hanohiki via Shutterstock This article Apple App Store Sales Jump In May, Boosting Outlook For Services Growth originally appeared on
Yahoo
2 days ago
- Business
- Yahoo
Jim Cramer Recommends Nvidia Over 'Very Cheap' Semiconductor Stock
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. On CNBC's 'Mad Money Lightning Round,' Jim Cramer said Cerence Inc. (NASDAQ:CRNC) is a 'winner.' Supporting his view, Cerence, on May 7, posted better-than-expected quarterly earnings. Aurora Cannabis Inc. (NASDAQ:ACB) is a 'nice speculative' stock, Cramer said. 'I'm not fighting it. You can own it.' Aurora Cannabis, on March 20, announced it discovered a novel source of genetic resistance against powdery mildew, a pathogen, in cannabis sativa. Don't Miss: Start investing with eToro's CopyTrader — mirror top-performing traders with no management fees, and receive a $10 bonus when you deposit $100 today. Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today. Although Skyworks Solutions, Inc. (NASDAQ:SWKS) is 'very cheap,' it doesn't have a catalyst, Cramer said. He recommends owning NVIDIA Corporation (NASDAQ:NVDA) rather than Skyworks. As per the recent news, Skyworks Solutions, on May 29, named Robert Schriesheim as interim CFO. When asked about Sezzle Inc. (NASDAQ:SEZL), he said, 'We think Sezzle's had its day. I don't think we can recommend Sezzle any higher here.' On the earnings front, Sezzle reported better-than-expected first-quarter financial results on May 8 and raised its FY25 guidance. Cramer recommended holding Build-A-Bear Workshop, Inc. (NYSE:BBW) and not buying it because it 'just had that spike.' However, he said he would buy the stock in case it comes down. Build-A-Bear posted better-than-expected results for the first quarter of fiscal 2025 on May 29. Revenue rose 11.9% year over year to $128.4 million, surpassing analysts' expectations of $118.9 million. Republic Services, Inc. (NYSE:RSG) is such a 'good' company, Cramer said. 'That is a great stock." Lending support to his choice, JP Morgan analyst Tami Zakaria raised the price target on the stock from $229 to $275 on May 23. When asked about HighPeak Energy, Inc. (NASDAQ:HPK), Cramer said, 'Oil at $62 a barrel does not make me interested. If you think oil's going to go up you do have a winner, though. HighPeak is levered to the price of oil more than almost all of them.' On the earnings front, HighPeak Energy, on May 12, posted upbeat results for the first quarter. Read Next: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000. Invest Where It Hurts — And Help Millions Heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold. Photo: Shutterstock This article Jim Cramer Recommends Nvidia Over 'Very Cheap' Semiconductor Stock originally appeared on
Yahoo
2 days ago
- Business
- Yahoo
Elizabeth Warren Says Trump 'Approved' The Largest Meat Company In World To Be Listed On NYSE Ignoring Corruption And Bribery History, Demands Answers
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Sen. Elizabeth Warren (D-Mass.) is once again calling out corruption in the Trump Administration, following a questionable decision made by the U.S. Securities and Exchange Commission. What Happened: On Monday, Warren shared a video on X questioning the SEC's recent approval of Brazilian meat processing company JBS SA's (OTC:JBSAY) listing on the New York Stock Exchange, despite its history of corruption, price fixing, and safety violations. 'JBS and its subsidiaries have been fined hundreds of millions of dollars for bribery, for price fixing, for safety violations, you name it,' Warren said. Trending: Start investing with eToro's CopyTrader — . She then highlighted the company's connection with the Trump administration, bringing attention to the fact that JBS' subsidiary, Pilgrim's Pride, contributed $5 million to President Donald Trump's inauguration fund, the single-largest donation. 'And can you guess which company made the single largest donation to Trump's inauguration? Pilgrim's Pride, which is owned by JBS,' while noting that the figure was higher than the contributions made by Apple Inc. (NASDAQ:AAPL), Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META), and Alphabet Inc. (NASDAQ:GOOG) combined. 'After a decade of trying and failing to get the green light to go public, suddenly Trump's SEC gives them the go-ahead,' she says. 'That sounds pretty fishy to me.' Warren said she has sent a letter to the CEOs of JBS and Pilgrim's Pride demanding answers. 'We've got to fight back against shady corporate deals and stand up for the Americans who actually play by the rules,' she SA did not immediately respond to Benzinga's request for comments. Why It Matters: JBS SA's owner, Joesley Batista, is known to have recorded a conversation with former Brazilian President Michel Temer where the latter is seen encouraging the continuous bribery of a jailed politician. The recording was presented to prosecutors as part of a plea bargain. Temer replaced President Dilma Rousseff as the leader of Brazil. Rousseff was impeached for criminal administrative misconduct. JBS shareholders approved the company's proposal for a dual listing during its Extraordinary General Meeting held two weeks ago. Its shares are expected to begin trading in Brazil's São Paulo Stock Exchange (B3), as well as the New York Stock Exchange, on June 9 and 12, respectively, according to a press release. Warren has been a vocal critic of the Trump administration's business dealings in recent weeks, having called for a probe into billionaire Elon Musk's Starlink receiving favorable operating permits while leveraging Trump's tariffs and trade talks with nations across the globe. Read Next: Nancy Pelosi Invested $5 Million In An AI Company Last Year — Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000. Invest Where It Hurts — And Help Millions Heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold. Photo: Shutterstock/Sheila Fitzgerald This article Elizabeth Warren Says Trump 'Approved' The Largest Meat Company In World To Be Listed On NYSE Ignoring Corruption And Bribery History, Demands Answers 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
