Latest news with #Ginsberg
CNBC
6 days ago
- Business
- CNBC
Financial stocks seem to be losing momentum and show signs of weakness
One sector that was seen as a potential winner of the Trump administration is starting to cool, even as some of the projected benefits seem to be materializing. Wolfe Research analyst Rob Ginsberg wrote in a note to clients that financials are showing signs of weakness. The group is still outperforming the S & P 500 year to date, but the gap has been closing in recent weeks. "The sector peaked on a relative basis in April and has been leaking lower since. The most concerning group in our view? Capital Market names," Ginsberg wrote, referring especially to financial exchanges and data companies. The analyst highlighted the SPDR S & P Capital Markets ETF (KCE) , which has fallen in five of the past six sessions and has triggered a sell signal in one of the technical analysis tools Wolfe tracks. KCE 1M mountain This ETF focused on capital markets stocks dipped since the middle of May. Curiously, the struggles for financial stocks come just as the IPO market is showing signs of life and merger activity has started to regain its footing despite tariff uncertainty. And, in addition to Wall Street power players, the KCE also includes brokerage stocks like Robinhood and Coinbase that should, in theory, see a boost from the deregulation of crypto. All those areas were seen as reasons to be bullish on the group after November's election. The recent struggles could be a sign that the upside has been priced in, with some investors now looking to sell in the event of positive news. Wells Fargo is a potential example of this. On Tuesday, the Federal Reserve made the long-awaited move to lift the asset cap on the bank, allowing Wells Fargo to push for growth. However, the stock gave back all of its morning gains to close lower on Wednesday and is well off its highs of the year, reached in February. WFC YTD mountain Wells Fargo is trading below its highs of the year even after the Federal Reserve lifted the bank's asset cap. "With the steady underperformance of Banks in mind as well, Financials just does not look like one of the more appealing sectors currently," Ginsberg wrote.
CNBC
6 days ago
- Business
- CNBC
The setup is ‘compelling' for these two real estate stocks, Wolfe says – and they pay big dividend yields
The real estate sector has been a lackluster performer in recent weeks, but some dividend-paying stocks in the group could be showing signs of promise, according to Wolfe Research. While the S & P 500 was up more than 6% in May, the real estate sector only advanced about 0.9% in that time. Real estate's performance last month coincided with a volatile period for longer-dated Treasurys, including the 10-year note, as investors grappled with shakiness around tariff policy and deficit worries as the House of Representatives cleared a massive tax and spending bill . The 10-year Treasury is closely tied to the real estate sector, as a spike in yields raises borrowing costs and hurts returns on real estate investments. But even as the real estate sector has had a rough go, one corner of the market is standing out. "A more diluted group that intrigues us is Office [real estate investment trusts]," wrote Wolfe Research managing director and technical analyst Rob Ginsberg in a May 30 report. Indeed, the S & P 500's office REIT sub-industry group was up more than 5% in May – its first winning month in 2025. "[T]he group is starting to come around nicely following months of aggressive underperformance," Ginsberg added, noting that two names in particular are seeig "compelling setups." COPT Defense Properties Ginsberg called out COPT Defense Properties , noting that once the stock punches through its 200-day moving average of $29, its November high at $34 will be "the only thing left in its path." COPT Defense ended Tuesday's trading at $27.56. Shares are off more than 11% in 2025, and pay a current dividend yield of 4.4%. COPT Defense, based in Maryland, has a tenant base that includes U.S. government agencies and defense contractors. It also owns and operates more than 30 data centers. Earlier this year, the REIT lifted its quarterly dividend by 3.4%, a move that caught the attention of Wedbush analyst Richard Anderson. "The company confidently raised the dividend as results are beating essentially every guidance building block," he said in a May 12 report. Anderson rates COPT outperform. "Bigger picture, even though CDP appears protected from [Department of Government Efficiency] cuts and other military forced departures, we think the market [sees] the company as too close for comfort," he added. "Assuming CDP continues to perform, we expect it to shake that stigma." Wall Street also likes the name, with most analysts rating it a buy or strong buy, according to LSEG, and the consensus price target calling for 15% upside. Highwoods Properties Ginsberg also highlighted North Carolina-based Highwoods Properties , which owns and manages real estate in business districts in major Sunbelt cities, including Atlanta, Charlotte and Orlando. The key level for investors to watch is the $30.50 mark – Highwoods' 200-day moving average, Ginsberg said. Once the stock tops that, it would open a "sizable runway to the high $30s," he added. Shares ended Tuesday at $30.31. Highwoods' stock is off about 1% in 2025, and it pays a dividend yield of 6.6%. "We see the set-up into FY26-27 as promising but still see some execution risk and remain Neutral," Mizuho analyst Vikram Malhotra said in a report last week after meeting with Highwoods' CFO Brendan Maiorana. Malhotra noted that the South is still benefiting from migration trends, which is lifting office demand in Highwoods' markets. "Getting back to steady 'mid-single-digit' cash flow growth combined with a well-covered 7% dividend is the opportunity for investors," the analyst added. Analysts largely rate the company a hold, and the consensus price target sees just 1% upside from current levels, according to LSEG. —CNBC's Michael Bloom contributed reporting.
CNBC
09-05-2025
- Business
- CNBC
S&P 500 is still struggling below a ‘stubborn' resistance level
Not even signs of progress on the trade front could lift stocks above a key level that chart watchers are focused on. The S & P 500 ended Thursday at roughly 5,664. While that reflected a 0.6% advance for the day, it was well off the benchmark's session high of 5,720. In fact, the index sold off into the close — tumbling from about 5,709 just before 3:30 p.m. ET. "Not the ideal close, as ~5700 resistance is proving to be quite stubborn since the S & P first took it out 2-months ago," wrote Wolfe Research technical strategist Rob Ginsberg. A close above 5,700 would have been the first since late March, before President Donald Trump's April 2 tariff announcement. Ginsberg also noted that the S & P 500 fell short of its 200-day moving average, currently 5,748. "Ebullience on the U.K. trade deal gave way to a late day fade as the market once again closed below its 200-day moving average," Ginsberg said. "While many would argue [that's] an arbitrary number, the moving average has done a sound job over the years in helping to identify the market's underlying trend, and spending all but two days beneath it over the past two months speaks to the tape's longer-term deterioration." Indeed, the S & P 500 last closed above its 200-day average on March 25, when it ended the day at about 5,777. Bottom line: If the market can't make a meaningful break above 5,700 and retest its 200-day moving average, the bounce from the April lows could be short lived. Elsewhere Friday morning on Wall Street, UBS raised its price target on Boeing to $226, implying about 18% upside. The bank cited the aerospace company's ability to navigate a tough tariff landscape. "Boeing has taken a proactive approach to addressing tariff risk, communicating that they will prioritize supply chain continuity over price negotiations / changing production schedules and quantifying the direct cost impact as < $500mn annually (full reciprocals, net of duty drawbacks)," UBS wrote.
Yahoo
24-03-2025
- Politics
- Yahoo
2 journalists killed in Gaza as Israel steps up bombing and death toll spikes past 50,000
March 24 (UPI) -- New airstrikes by Israel Defense Forces in Gaza killed at least 61 Palestinians over a 24-hour time frame. The rising death toll included two journalists. A series of Israeli attacks by Sunday morning left at least 30 people dead in Khan Younis and Rafah in what was the latest set of IDF attacks, on Nasser hospital in Gaza, which reportedly killed two senior Hamas officials, including Ismail Barhoum, a top leader of Iran's proxy militia in Gaza. Israeli officials claimed Hamas' rejection and ultimately the collapse of a U.S.-backed peace deal was the reason behind Israeli military airstrikes which killed more than 700 Palestinians in a little more than a week. "Naturally, we will not comment on future operational plans," the Israel Defense Forces told NBC on Monday in a statement, with the IDF claiming it acted "accordance with operational plans that were devised by the appropriate professional bodies, and by the directive of the political echelon." Hamas leaders, however, have pinned blame on Israel for its refusal to continue negotiations on phase two of the cease-fire deal pieced together by the prior Biden administration as it mounts further airstrikes on the plagued Palestinian territory. It marked the latest chapter of escalating violence, which erupted on Oct. 7, 2023, when more than 200 Israeli hostages were taken captive by Hamas militants. Meanwhile, the death toll has spilled over to more than 50,000 and at least 113,408 wounded in the war between Israel and Hamas, according to new numbers by the Hamas-run health ministry in Gaza. It added that "thousands" of other Palestinian civilians are reported missing and presumed dead under debris as it updated its death toll to 61,700. An Al Jazeera journalist, Hossam Shabat, who was baselessly accused by Israel of being a "militant," was killed Monday when his car was blown up in the northern Gaza Strip -- one of a number of other journalists killed by Israeli military strikes and arbitrarily accused of various crimes. Shabat was reporting to fill a "news void" in Gaza as Israeli officials have sought to hide credible and ongoing reports of the "ethnic cleansing" of Palestinians, according to Jodie Ginsberg, chief executive of the independent Committee to Protect Journalists. "That's a pattern that we have seen repeatedly both in the current war and in previous ones, as well," said Ginsberg, adding Shabat "appears to have been deliberately targeted on a direct hit on his vehicle." The Israeli military claimed responsibility for the attack following what it says was an "an extensive intelligence-gathering process" and that "precise munitions" had been used to reduce casualties and related harm. "The deliberate and targeted killing of a journalist, of a civilian, is a war crime," added the CPJ's Ginsberg. Nearly 60 hostages, both dead and alive, are believed to still be held in captivity by Hamas as Israeli Prime Minister Benjamin Netanyahu's right-wing government has dug in its heels in the war-torn enclave. "The more Hamas persists in its refusal to release the hostages, the more territory it will lose, which will be annexed to Israel," Israeli Defense Minister Israel Katz said Friday as the government ordered troops to permanently seize parts of Gaza unless Hamas sets free its remaining hostages.
Yahoo
25-02-2025
- Yahoo
Utility vehicles stolen from Nashville high school located with help of social media post
NASHVILLE, Tenn. (WKRN) — Two utility vehicles used by a baseball team—a lawn mower and a gator— were recently stolen from a Nashville high school. The booster-funded equipment, which totaled about $10,000 in value, was taken from James Lawson High School in Bellevue last Friday. Thanks to a social media post made by the team's head coach, law enforcement was able to locate the suspected thief on Monday, Feb. 24. Surveillance video shows apparent vehicle break-ins in Nashville neighborhood 'We went to go look for the gator [an ATV vehicle], and it was gone,' said Coby Ginsberg, Lawson High's head baseball coach. 'We pulled the cameras, we saw that he came in, he left, and I asked our principal, I say, 'Hey give me that picture, I'm putting it on social media and letting it do its thing.'' Social media did in fact do its thing. Within 24 hours, Ginsberg's Facebook post had nearly 400 shares. And in less than 72 hours, law enforcement found the suspect via an anonymous tip. 'They see you're stealing from schools, and it went nuts,' Ginsberg said about his post.'They wanted this guy's head, you know, and they wanted our stuff back. And they were going to figure it out. I had calls from people who were willing to let us borrow their equipment.' 'It restores faith in humanity a little bit,' Ginsberg continued. 'A lot of times, people get on social media and bicker. But now, this was a good thing, where everybody came together for a cause.' Teen charged after car, laptops stolen from vacation rentals in North Nashville With school closed because of snow and the weekend, Ginsberg said they didn't know anything was missing until Sunday, which is when they showed up to work on the field. Ginsberg believes the suspect must have been familiar with the school's campus in order to locate where their equipment was being held. 'Our parents, our players have all worked hard to get this equipment to help us take care of our field, and that's the most frustrating part: that he would steal from a school,' Ginsberg told News 2. The suspect —identified as 44-year-old Clinton Watson— was arrested by the Dickson County Sheriff's Office at a home in White Bluff early Monday morning. He was charged with felony possession of stolen property and remains jailed on a $25,000 bond. | READ MORE | According to the sheriff's office, the White Bluff residence has been a problem previously for other stolen items. In addition to the stolen items, deputies said they also uncovered 'several ounces of methamphetamine' in the home, leading to the arrests of two more individuals. At approximately 1 p.m. Monday, Feb. 24, both stolen vehicles were reportedly returned to James Lawson High School. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
