Latest news with #JoshBrown
CNBC
4 hours ago
- Business
- CNBC
Josh Brown's "Best Stocks in the Market:" Utilities
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to detail some names joining his "Best Stocks in the Market."
Yahoo
a day ago
- Business
- Yahoo
Josh Brown on Pfizer (PFE): ‘I Was Dead Wrong, There's No Turnaround'
Pfizer Inc (NYSE:PFE) is one of the . Josh Brown, CEO of Ritholtz Wealth Management, explained in a recent program on CNBC why he's bearish on Pfizer. Brown said he was 'dead wrong' in hoping to see a turnaround at the pharma giant. 'Do you know how hard it is to find a stock as bad as Pfizer Inc (NYSE:PFE) like in the last couple of years? I managed the impossible. I haven't really lost a lot of money here. I think my initial purchase was like 28. But it's a loss nonetheless. But the way I think about these types of things, it's a loss relative to the overall market having gone up so much, which makes it even worse. And I stuck to my guns on this for no reason. I'm not really a value investor. I just felt the stock was so hated and down so much that it was a relatively low-risk entry and at some point they'd find a way to turn it around. I was right about the low-risk entry part, but I was dead wrong. There is no turnaround. Maybe it'll happen starting today now that I'm no longer in the stock.' Photo by Kaleidico on Unsplash While we acknowledge the potential of PFE 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. 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
a day ago
- Business
- Yahoo
Josh Brown Gives Followers ‘Permission' to Sell NVIDIA (NVDA) Shares – Here's Why
NVIDIA Corp (NASDAQ:NVDA is one of the . Josh Brown, CEO of Ritholtz Wealth Management, recently said during a program on CNBC that he is giving 'permission' to his followers to sell NVIDIA Corp (NASDAQ:NVDA) shares and take some profits amid the stock's strong performance. However, the analyst said he is not selling Nvidia shares. 'I'm not selling. I'm giving people permission. Let me give you the context. On the China front, let's just do this quickly. Bernstein reiterated Nvidia, $185 target. And what they said was that for every 10 billion dollars in recovered revenue in China, meaning business we didn't think they could do up until a few days ago, that could add 25 cents to Nvidia's earnings per share. So they say that could be like 40–50 cents in 2026 if they capture back 15 to 20 billion worth of China revenue. Great news. Happy to hear that as a long. Be that as it may, put that aside. We'll assume Bernstein has it roughly right.' Brown said over the past few years, he's seen 'mostly ups' holding NVIDIA Corp (NASDAQ:NVDA) shares 'People walk up to me on the street. They come to me at stores, airports, you name it. The question that I'm getting the most over the last month or so is not, 'Do you still like Nvidia?' It's, 'Should I sell some Nvidia?' And I totally get it. Look at what the stock has just done. It's really remarkable.' Photo by Vishnu Mohanan on Unsplash With its latest numbers and stock performance, Nvidia was able to prove the skeptics wrong. In its recently reported quarter, Nvidia's data center computer revenue rose 76% year over year, driven by Blackwell GB200. The company is finding new catalysts for growth. Saudi Arabia's Humain plans to buy more than 200,000 AI GPUs from Nvidia, potentially generating $15 billion in sales. The UAE reportedly has an agreement for up to 500,000 GPUs. Even without China's involvement for now, Nvidia said nearly 100 AI factories are under construction. These factories have hyperscalers deploying 1,000 GB200 NVL72 racks weekly, each with 72,000 Blackwell GPUs. Patient Capital Opportunity Equity Strategy stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its second quarter 2025 investor letter: 'NVIDIA Corporation (NASDAQ:NVDA) recovered strongly in the second quarter, climbing back from earlier declines to end the quarter at an all-time high. As the undisputed leader in Graphics Processing Units (GPUs), Nvidia continues to benefit from surging demand for AI training and inference. Despite concerns over competition from TPUs and rivals like AMD, Nvidia remains in the lead. The company is rapidly releasing next-gen products, with the Blackwell line-up, its fastest architecture yet, hitting the market just 2 years after its predecessor. Moreover, Nvidia is aggressively expanding into adjacent areas including robotics, edge AI, AI cloud leasing, and AI software putting them in direct competition with some of their biggest customers. CEO Jensen Huang describes Nvidia as a 'full-stack, accelerated computing platform', reflecting its blend of cutting-edge hardware, software (CUDA), and AI infrastructure. With leading-edge tech, a shortening innovation cycle, and robust cash flow, we believe Nvidia is well positioned to ride the accelerating wave of AI adoption.' While we acknowledge the potential of NVDA 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. 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
CNBC
a day ago
- Business
- CNBC
Best Stocks: 2025 will be known as the year when boring utilities joined the growth team
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — It's quite possible that 2025 will be remembered as the year where defensive utilities became growth stocks. As Sean explains below, this sector is the second best performing group of stocks in the entire S & P 500 this year. This is remarkable when you consider that this is not a "risk-off" year in which investors reach for stocks that should hold up well in a downturn. It's a risk-on year so far and defensive stocks like consumer staples and healthcare are lagging. Utilities are bucking the trend and accompanying the Nasdaq and S & P 500 to new highs. Why? Two letters: A.I. Last year, Citi analysts estimated that, by 2030, data centers could be responsible for as much as 11% of the demand for electricity in America, up from 4.5% today. Utilities are responding to the massive capex being invested in cloud computing, data center infrastructure and the AI buildout with large investments of their own to modernize and raise capacity. These investments are allowing the utility companies to go back to their regulators and apply for electricity rate increases from their customers. When they win a formal rate case, estimates for profits and dividend payouts go higher, driving their share price up. DTE Electric, the regulated utility owned by one of the names on our list, DTE Energy (DTE) won its rate case this January when the Michigan Public Service Commission approved a $217 million rate increase - meaning a jump of $4.61 per customer, per month going forward. WEC Energy Group (WEC) , another name on our Best Stocks list, won a rate case last year which led to 6.9% and 8.5% rate increases for 2025 for the two Wisconsin electric and gas utilities the company controls. As utilities make this pitch to the commissions that oversee their capex spend and pricing, they are increasingly citing "increased electric demand from data center and tech sector development." This argument, along with the ongoing need to spend on forest maintenance and management against wildfire risks, is winning left and right. The combination of demand from AI usage and infrastructure along with the willingness of municipalities to invest in grid modernization and environmental protection has created a massive bull market in the utility sector. We'll show you four names with solid chart set-ups below, in addition to our regular Monday data drop. Sector Leaderboard As of 7/28/2025, there are 154 names on The Best Stocks in the Market list. Top Sector Ranking: Top Industries: Top 5 Best Stocks by Relative Strength: Sector Spotlight: Sean — Despite signs of a meme-stock revival, utilities—a traditionally defensive sector—are the second-best performing group in the S & P 500 YTD. Ninety percent of the utility sector is above their 50-day and 200-day moving average. Compare that to the overall S & P 500 which has 73% of constituents above their 50-day and only 64% above their 200-day moving average. This is not a market where traditional defensive sectors are leading. While utilities are second best, health care, energy, and staples are three of the four bottom performing sectors in 2025. In the meme-crazed year of 2021, from January through July, utilities were the worst performing sector year-to-date up 6%, while 9 other sectors were up double digits. Similar to how Spotify and Netflix are looking more defensive, utilities are getting wrapped up in a more growth-oriented story. A major driver is the rise in electricity usage tied to artificial intelligence. Data centers supporting AI workloads are consuming an increasing share of the U.S. power grid and are expected to rise from about 4.5% today to 11% by 2030. Look at what the market is telling us. There is some rotation under the surface and a handful of the names on our list are setting up nicely as the AI theme plays out. Ameren Corp (AEE) Ameren is a regulated utility company that generates and distributes electricity and natural gas to customers in Missouri and Illinois, paying a 2.84% dividend. The company operates a diverse mix of energy sources and is focused on grid modernization and transitioning to cleaner energy. CenterPoint Energy Inc (CNP) CenterPoint Energy , which pays a 2.29% dividend, delivers electricity and natural gas to customers primarily in Texas, Indiana, and surrounding states. It focuses on utility operations and infrastructure, having divested most of its non-utility businesses in recent years. DTE Energy Co (DTE) DTE Energy is a diversified energy company serving customers with electric and gas utility services, paying a 3.13% dividend yield. It also has non-utility operations in power and industrial projects, and is investing in renewable energy and carbon reduction projects. DTE's presence in Detroit is notable in the age of the electric vehicle. WEC Energy Group Inc (WEC) WEC Energy Group, which has the highest dividend yield of the four we mentioned at 3.26% provides electricity and natural gas to customers in the mid west. WEC is primarily focused on energy-related infrastructure investments and clean energy projects. Together, these utilities — AEE, CNP, DTE, and WEC — may seem like traditional defensive plays, but they're increasingly at the center of one of the most powerful growth trends in the market. As data center demand surges, the companies powering the grid are becoming essential enablers of the AI revolution. These stocks are bending to a more growth-oriented narrative, where consistent power delivery is becoming just as valuable as the innovation itself. Risk Management Josh — My favorite chart among the utility names on our list right now is DTE. After the company reported earnings in May, Wells Fargo raised its price target from $145 to $154, citing the company's reaffirmed guidance through the year 2027 and management's "sustained confidence in achieving targets at the higher end of projections" for the next few years. If you're buying this stock, it should be for an investment, not a trade, given how important the dividend yield will be for the total return you can potentially receive. Trading in and out of a dividend stock means missing out on that component of the return. Analysts currently expect DTE to raise its current 3%-ish dividend yield by 6% to 8% per year, each year, through the end of this decade. With a current payout ratio between 50% and 60%, DTE has plenty of room to increase this portion of its income it returns to you every year. So long as management maintains its forward guidance, I would use dips in the stock as opportunities to accumulate as opposed to selling or trimming exposure. For the risk-averse, consider the 50- week moving average as your line in the sand. You can see that this has been important support for the uptrend back to early 2024. DISCLOSURES: (None) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. INVESTING INVOLVES RISK. EXAMPLES OF ANALYSIS CONTAINED IN THIS ARTICLE ARE ONLY EXAMPLES. THE VIEWS AND OPINIONS EXPRESSED ARE THOSE OF THE CONTRIBUTORS AND DO NOT NECESSARILY REFLECT THE OFFICIAL POLICY OR POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC. JOSH BROWN IS THE CEO OF RITHOLTZ WEALTH MANAGEMENT AND MAY MAINTAIN A SECURITY POSITION IN THE SECURITIES DISCUSSED. ASSUMPTIONS MADE WITHIN THE ANALYSIS ARE NOT REFLECTIVE OF THE POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC" TO THE END OF OR OUR DISCLOSURE. Click here for the full disclaimer.
CNBC
5 days ago
- Business
- CNBC
Josh Brown's 'Best Stocks in the Market': CBOE Global Markets
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to spotlight another name on his "Best Stocks in the Market."
