Latest news with #WorldwideExchange
CNBC
11 hours ago
- Business
- CNBC
Field: Investors are breathing a sigh of relief at the 15% tariff level
Emily Field, Barclays head of European pharma research, tells Worldwide Exchange tariffs bring relief at 15%, but risks like shortages and pricing still weigh on the sector.
CNBC
11 hours ago
- Business
- CNBC
Yones: Positive China news boosts Yin; negative headlines drive Yang
Douglas Yones, Direxion CEO, tells Worldwide Exchange traders are piling into leveraged China ETFs like Yin and Yang, with flows driven more by headlines than fundamentals.
CNBC
4 days ago
- Business
- CNBC
McNeal: Both sides want to push past the August 12th deadline
Dewardric McNeal, Managing Director at Longview Global, told Worldwide Exchange both the US and China aim to extend trade talks, while EU tensions rise over rare earths, tech, and Chinese overcapacity.
CNBC
21-07-2025
- Business
- CNBC
Forget tariffs. It's all about earnings this week on Wall Street
Commerce Secretary Howard Lutnick said Aug. 1 is the " hard deadline " for countries to reach a trade deal with the United States. The market, however, didn't care. Stocks instead looked to start the week on a high note as investors turned their focus to a slew of major corporate reports due out this week. More than 100 S & P 500 companies are slated to post results, including Tesla and Google-parent Alphabet. Wall Street has a lot riding on some of these reports, as most of second-quarter earnings growth is expected to come from megacap tech. (For more on what to expect from some of the biggest reports this week, check out my latest Earnings Playbook .) .SPX YTD mountain S & P 500 year to date "Our view is you are going to need a notable 'beat and raise' across the board here for the most part, outside of an Alphabet where the expectations, valuations are a little bit more reasonable in nature," CFRA analyst Angelo Zino told CNBC's Frank Holland on "Worldwide Exchange" Monday morning. Alphabet, which reports Wednesday after the bell, trades at around 19 times forward earnings. Big Tech rivals Meta Platforms and Apple sport respective multiples of 27 and 29. One thing that can provide some comfort to Wall Street for now is that the reporting period is off to a strong start. FactSet data shows that of the 62 S & P 500 companies that have already posted results, 85% have exceeded expectations. However, RBC isn't fully sold just yet. "Overall, we exited week 1 of 2Q25 reporting season feeling like everything is fine, but not fabulous, and wondering if investors generally got what they expected but were hoping for a bit more," Lori Calvasina, the bank's head of U.S. equity strategy, wrote in a note Monday. She noted that companies reporting in the weeks ahead could signal trade-related pressure will hurt their bottom lines. This is despite investors looking beyond the recent tariff headlines. Morgan Stanley's chief investment officer Michael Wilson holds a more positive view, however. "Earnings momentum, positive operating leverage and cash tax savings are underappreciated tailwinds, in our view. We lean more toward our bull case (7200) by the middle of next year. While there should be some consolidation during 3Q, we think dips are meant to be bought," he said. Wilson's bull-case target signals 14% upside from Friday's close.
CNBC
21-07-2025
- Business
- CNBC
Navigating earnings risk in megacap tech, and a buying opportunity in this industrial name
(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in a midcap industrial name and the financial sector. They are also looking for a way to navigate megacap tech earnings. Worldwide Exchange Pick: IEX Drew Pettit of Citi likes Idex as a way to play the spending bill President Donald Trump recently signed into law. "Idex is a small and midcap industrial company, pump valve and metering name that plays to a lot of secular themes like water, oil and gas, agriculture all supported by the 'One Big Beautiful Bill,'" Pettit said. Pettit said he's seeing broader opportunities in small- and midcap cyclicals due to a valuation discount. Idex shares are down year to date. The company reports earnings on July 30. Worldwide Exchange Pick: Financials Mark Smith of Wells Fargo sees opportunity in large cap financials. "Large Cap financials have some potential upside due to possible deregulation coming out of the executive branch this year," Smith said. "Financials are the place to be right now if you want to see outsized gains and remember they are tariff talk free, US financials don't get affected by any of this." The Invesco KBW Bank ETF holding the largest U.S. bank stocks and the SPDR S & P Regional Banking ETF that holds regional banking stocks are both outperforming the market since the Trump Administration's April 2 tariff announcement. Earnings risk in megacap tech With the Nasdaq Composite trading at an all time high and the Roundhill Magnificent Seven ETF within 1.5% of its record, Angelo Zino of CFRA is highlighting the risk to the megacap tech trade with Tesla and Alphabet reporting earnings this week. Last week, Netflix beat estimates for revenue and earnings, but the stock closed lower the day after reporting. "Our view is you are going to need a notable 'beat and raise' across the board here for the most part, outside of an Alphabet where the expectations, valuations are a little bit more reasonable in nature." He added: "If you can hear some of these companies talk about accelerating growth tied to AI, a guy like Zuckerberg at Meta … if he talks about accelerating growth here over the next 18-24 months I think that's where the stock could potentially go higher."
