Latest news with #RitholtzWealthManagement
CNBC
8 hours ago
- Business
- CNBC
AI is 'bailing out' most of the U.S. stock market, Josh Brown says
Concentrated tech strength is powering a market that is otherwise flashing signs of falling consumer health, according to Josh Brown, CEO of Ritholtz Wealth Management. Concerns around the market are mounting as artificial intelligence-related capex spending and strong corporate earnings — notably from Meta and Microsoft reports this week — fuel record gains for just a few mega-cap tech companies, while the rest of the S & P 500 is posting lackluster returns. "The top five market cap stocks now, all AI, spoiler alert, I think they're equal to the market cap of the bottom 430 S & P 500 names. That's absurd — and the problem is it was absurd when they were equal to the bottom half of the S & P 500," Brown said Thursday on CNBC's " Halftime Report ." By market cap, Nvidia is the largest company in the broad-market index worth about $4.37 trillion. Microsoft earlier Thursday joined the exclusive $4 trillion club on the back of its better-than-expected earnings report, but later climbed down to roughly $3.97 trillion. Apple, Amazon and Google parent Alphabet are the following largest names in the S & P 500, according to their respective market cap sizes. As these stocks continue to get a pop, Brown called out a dangerous shift in investor focus toward AI and away from stocks considered as "bellwether" indicators of U.S. economic and consumer health. "Nobody seems to care. Chipotle is a falling knife. Nike's been horrible. Starbucks, horrible. And these are companies where when they used to report, we would be like, ooh, the health of the consumer. Forget it. No cares," Brown said. "They keep going lower, and AI keeps bailing out the rest of the stock market." "Some of the other companies that we used to see as bellwethers are doing very poorly ... we're not paying attention to that because we're so focused on this," he said, referring to AI. He recalled the dotcom bubble in the late 1990s when traders overlooked bright spots in the market that were not related to the Internet. "It's not that there aren't opportunities. It's a game where you say to yourself, but other investors aren't going to come and buy this stock for me higher 'cause they only want to buy one thing. It's not healthy. We get to that point," Brown said. 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
9 hours ago
- Business
- CNBC
Trade Tracker: Josh Brown buys more Shake Shack
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to detail his latest buy in the burger company.
Yahoo
2 days ago
- Business
- Yahoo
Josh Brown Highlights His New Best Industrial Stock Pick in 2025
Fastenal Co (NASDAQ:FAST) is one of the . Josh Brown, CEO of Ritholtz Wealth Management, recently highlighted Fastenal Co (NASDAQ:FAST) as one of his best stock picks in the market. Here is how Brown explained his thesis about the stock: 'When you look at a long-term chart of this, it's just up and to the right. The buyers come in pretty much on every dip, and the trend line has been pristine dating back to early 2023. Basically, what they've done is they've Amazon-ed the construction business. They have something called Fastenal Managed Inventory. It's a digital tech platform so that you don't even have to reorder the things that you're running out of as an industrial company building things. Fastenal already knows, and they will deliver what you need right to the site. And this has been incredible for the business.44% of total sales last quarter, which they announced on Monday, came in as a result of this FMI technology—this platform that I'm talking about. The important thing to understand here is it's an industrial company. It's not a tech company, doesn't grow revenue at 40% a year or anything like that, but it's incredibly well-managed.' Photo by Ruben Sukatendel on Unsplash While we acknowledge the potential of FAST 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
2 days ago
- Business
- Yahoo
Josh Brown Pitches ‘Very Exciting' Speculative Stock – ‘Keep It On Your Radar'
Joby Aviation Inc (NYSE:JOBY) is one of the . Josh Brown, CEO of Ritholtz Wealth Management, recently talked about how impressed he is with the electric vehicle takeoff and landing aircraft company Joby Aviation Inc (NYSE:JOBY) stock performance. Brown recommends that people keep the stock on their radar. 'I brought the stock to the show on June 17th and I took an initial position and I said this is highly speculative. It's really not the kind of thing that I do a lot of. Unfortunately, I didn't buy that much of it. It's up 104% since then. Did not expect that. If I did, I would have bet the rich. So, let's just be very clear. This thing took off way faster than I had a chance to accumulate. But I just want to give people an update as to what's going on and why. They just doubled their air taxi production capacity in the state of California and made a major announcement in Ohio. These are eVTOL. Basically, these are electric vehicle, electric vertical takeoff and landing. So they are—think of it like a cross between a helicopter and a plane for very short trips. They just want to lift you up off the ground, bring you to your destination, drop you off. There will be a lot of uses for these over the next 10 years. This is the leading company in the space. Just delivered their first production aircraft to Dubai.' Photo by Austin Distel on Unsplash Brown believes Joby Aviation Inc (NYSE:JOBY) progress in the US could be its next catalyst: 'They're running an eVTOL trial in Dubai where I guess the government's allowing them to do more than they could do here. So in the United States, the last thing they have to clear is the final FAA certification phase. That's the next catalyst. I don't know how much the stock rally is already pricing that in, but I'm going to remain long with my position. Very exciting company. Highly speculative. Not telling people to buy it up 100% in a month, but keep it on your radar. It's worth learning what they're working on.' While we acknowledge the potential of JOBY 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 while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
CNBC
2 days 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."
