Join the experts at VettaFi and KraneShares for an in-depth exploration of the generative AI space and learn how you can set your portfolio up to capture the potential of this exciting new technology.
Join the experts at Xtrackers by DWS for an educational webcast and gain insights into the most pressing questions on AI investing.
The U.S. economy may be heading into choppy waters, and investors might be wise to buckle up.
The main focus for investors should is no longer if the Fed will cut rates in 2024, but how much and how quickly the Fed will lower interest rates.
Nvidia Corp. has wiped out more than $400 billion in value this week, weighing on key equity benchmarks as jitters spread over the health of the US economy and an AI trade that may have gotten ahead of itself.
We think the decline in the S&P 500 Index on Tuesday may be more technical than fundamental.
The world’s biggest asset manager is taking some chips off the table as markets enter a “new phase” of turbulence ahead of a Federal Reserve interest rate cutting cycle and the US presidential election.
The Federal Reserve is creating the potential for extreme bouts of volatility surrounded economic data releases.
In this edition, Harold Evensky explores the challenges facing sustainable and active funds, the implications of the new DOL Fiduciary Rule, and the value of long-term performance projections. With candid observations and critical analysis--read on to gain perspective on navigating the complex world of investing, the importance of risk management, and the role of fiduciary advisors in securing your financial future.
The sharp selloff that wiped a record $279 billion off Nvidia Corp.’s market value on Tuesday has traders scouring charts for clues as to where the pain might end.
There are two radically different visions of our AI future, and they depend on the cost of energy.
The case for infrastructure investment is rising, but so are its costs.
A soft landing for the U.S. economy still appears to be the most likely outcome.
On the latest edition of Market Week in Review, Director and Senior Investment Strategist Alex Cousley and ESG and Active Ownership Analyst Zoe Warganz discussed key takeaways from the U.S. Federal Reserve’s (Fed) annual economic symposium in Jackson Hole, Wyoming.
It’s the story of so many stock market manias: A transformative technology juices a few companies, a bunch of more questionable outfits follow in their wake, and Wall Street buys it all. Then time sorts out what’s real from fake.
Apple Inc.’s upcoming iPhone release has sent its stock price soaring because of promised artificial-intelligence features. Those gains appear vulnerable, at least in the short term, if history is any guide.
Since the pandemic, Wall Street strategists have repeatedly underestimated the performance of the US stock market in their annual projections, leading to a mad dash to boost their outlooks in the back end of the year.
This week saw a nontech giant cross a unique milestone and a tech giant’s earnings report become a Mainstreet sensation.
As I write this, gold continues to trade above $2,500 an ounce after surging past the psychologically important level for the first time ever in mid-August. For seasoned gold mining investors, this should be a moment of validation. After all, the yellow metal has long been seen as the ultimate hedge against economic uncertainty.
Investors pursuing widely followed 60/40 strategies should consider swapping out bonds for commodities, according to strategists at Bank of America Corp.
When you see that behavior at extreme valuations, it tends to be a sign of underlying skittishness and risk aversion. When valuations are setting record extremes because the news can’t get any better, even a slightly less optimistic outlook becomes a risk.
China's economic transformation presents both challenges and opportunities for global markets.
There’s an adage in Silicon Valley: Hardware is hard. And expensive. And time-consuming. That’s the case even when you’re a company that’s really good at it — like Nvidia Corp., whose market value has grown to $3 trillion thanks to its extraordinary prowess in the trickiest hardware challenge today: building cutting-edge chips for artificial intelligence.
Nvidia Corp., the world’s biggest chipmaker, has discussed joining a funding round for OpenAI that would value the artificial intelligence startup at more than $100 billion, according to people familiar with the matter.
When global equity markets tumbled in early August, investors got a glimpse of what a deeper correction could like for the US giants, and it wasn’t pretty. The so-called Magnificent Seven have dominated US and global equity market returns since late 2022—and valuations have soared—as earnings growth rebounded and on expectations that they will be the big winners from artificial intelligence (AI).
While short-term fluctuations and sudden selloffs have tested the markets, key indicators such as corporate profits, employment data, and economic resilience have held firm.
Chair Jerome Powell cemented a shift in focus from inflation to employment last week when he said that the Federal Reserve does not seek a further cooling in the labor market. It was a welcome message for those concerned about an economic slowdown. But there are reasons to expect today’s sluggish hiring environment to persist at least into early next year, frustrating job seekers and policymakers alike.
Nvidia Corp.’s earnings report needed to be perfect for a stock that’s added nearly $2 trillion in market value in the past year. In the end, a broad beat still sparked a selloff.
Nvidia Corp.’s earnings report was impressive by virtually any metric — except its own recent history.
Nvidia Corp. failed to live up to investor hopes with its latest results on Wednesday, delivering an underwhelming forecast and news of production snags with its much-awaited Blackwell chips.
Will 2030 DC plans perform better at preparing U.S. workers for retirement?
The healthcare sector offers a compelling mix of defensive characteristics and growth potential driven by innovation. It also features ample dispersion that presents stock pickers with an opportunity to parse potential leaders and laggards in pursuit of above-market return.
The almost $3 trillion rally in Nvidia Corp. shares over the roughly two years since ChatGPT’s unveiling has virtually rewired the US stock market, giving the artificial intelligence chipmaking giant an outsized influence on a bevy of equity indexes.
The most glaring uncertainties today, which contributed to early August seeing some of the largest market moves in the last several years, are the risks associated with the Federal Reserve’s dual mandate.
Portfolio managers should always have good explanations for their underweight positions. These days, it matters more than ever.
Midstream’s second quarter earnings calls reinforced the positive outlook for US natural gas demand driven in part by expected power demand from data centers. This note discusses the advantages of natural gas for data centers, additional factors contributing to demand growth, and how midstream is uniquely positioned to benefit from these trends.
To understand the importance of involving both spouses in the discussion, we asked our very own Vicky Frye, Director of FinTech Innovation and Cybersecurity Strategies at WMGNA, for her comments on this topic.
Artificial intelligence has the potential to reshape our economies, labor markets, societies, and politics. But despite the rosy forecasts of an AI-driven boom, history shows that technological advances rarely lead to immediate improvements in living standards and often lead to profound disruption.
The potential of AI in wealth management is undeniable, but realizing that potential requires more than just adopting the latest technology. By engaging advisors in the process, providing thorough training, and setting realistic expectations, firms can bridge the gap between C-suite optimism and frontline reality.
To make an organizational change effort stick, you have to start with the people, not with KPIs or quotas. If you want to move your firm to a client-centric model, you need to consider influencing factors such as your organizational structure and culture...
This week, before she accepted the Democratic Party’s nomination for president, Vice President Kamala Harris threw her support behind President Joe Biden’s tax proposals for 2025, which include a steep 44.6% capital gains rate and an unprecedented 25% tax on unrealized gains.
Expectations heading into Nvidia Corp.’s Wednesday report are high, with analysts anticipating another strong consensus beat that could prompt the chipmaker to raise its profit guidance.
Mark Zuckerberg may have a history of copying of others’ ideas, but when it comes to navigating the generative AI hype cycle, he’s the one forging a smarter path.
For years, a Chinese company has dominated one of the most lucrative corners of the cryptocurrency universe. Rising political tensions, and the prospect of Donald Trump retaking the White House, pose an unprecedented threat to that reign.
Deep value stocks are currently our highest conviction long-only investment idea. For the avoidance of any doubt, when we talk about “deep value,” we simply mean stocks that are cheap, often screamingly so, relative to our appraisal of their fair value. We do not care about a “growth” or “value” label that has been assigned, sometimes seemingly arbitrarily, by one index provider or another.
Robust U.S. stock momentum hit a slowdown in the third quarter, even as strong company earnings results rolled in. Fundamental Equities’ U.S. and Developed Markets CIO Carrie King weighs in on the incongruence with three reflections from Q2 earnings season.
Technology giants that want to spend big on artificial intelligence and stay in the good graces of investors should take a page out of Meta Platforms Inc.’s playbook.
Emerging-market stocks are trading at the steepest discount to US equities since the Covid-19 panic in March 2020 as skittish investors look elsewhere for growth opportunities.
Amid expectations of rate cuts from major central banks, managers are increasing their exposure to more cyclical and value-oriented names, including autos, transportation, and short-cycle industrials.
Many financial advisors exhibit a risk-averse attitude, leading to missed opportunities for growth and innovation.
With questions swirling around Federal Reserve policy, the state of the economy and the US presidential race, at least one thing seems clear on Wall Street: spending on artificial intelligence remains a central priority.
As the AI halo begins to fade, equity investors are seeking companies that can profit from—and not just pontificate about—artificial intelligence.
Since the release of ChatGPT, mega-cap technology companies poised to profit from AI-enhanced software tools or cloud AI-model training capabilities have seen a surge in their stock prices. Yet, many have yet to realize significant AI-driven revenue growth, let alone a substantial impact on their bottom lines.
Stocks that offer artificial intelligence have been the hot ticket in the stock market – seeing their prices surge – many to astronomical heights. In this video, Chuck Carnevale, Co-Founder of FAST Graphs, a.k.a. Mr. Valuation will use FAST Graphs to see if he can locate some AI stocks that might not be so expensive, but his primary focus is going to be on Dell Technologies (DELL), as well as Dell’s competitors.
More than any of the megacap technology stocks, Amazon.com Inc.’s big spending ways are coming at the expense of profits, and its shares are being punished as a result.
This week marks the ‘unofficial’ end to 2Q24 earnings season – and aside from a few wobbles, it has been reasonably good. S&P 500 earnings growth came in at a solid 11.2% YoY pace – its best quarterly performance since 4Q21.
Silver is an important component of solar photovoltaic (PV) panels, meaning that for China to reach its ambitious climate targets, it must import massive amounts of the white metal. In June alone, China spent over $228 million on silver, a new monthly record based on Bloomberg data going back to 2009.
The recent rebound in US tech stocks isn’t convincing options traders just yet.
Unfortunately, when it comes to the government, what’s old is sometimes new again.
Earlier this year, around the time Nvidia Corp.’s market cap eclipsed that of the entire S&P 500 energy sector, I wrote about whether oil and gas stocks might offer a decent hedge when AI-fever breaks. The past several weeks have offered a test.
Portfolio Manager Jeremy Sutch, CFA, and Chief Investment Officer Sean Taylor assess the issues besetting the region’s key markets—from domestic challenges to geopolitical headwinds—as well as their structural strengths, and whether prospects may brighten with the onset of a U.S. rate-cutting cycle.
Value has been in a protracted slump versus growth for years, but it’s been undergoing something of a makeover during that time.
Quant traders at Man Group Plc are betting that unlocking the secrets of private markets will give them an edge in trading public stocks.
Because there is unprecedented use of the word “unprecedented,” we thought it appropriate to expand our annual Charts for the Beach from 5 charts to 10 charts and tables this year. So, probably best to stay under the beach umbrella as you read our unprecedented extended edition.
Stocks that offer artificial intelligence have been the hot ticket in the stock market – seeing their prices surge – many to astronomical heights.
Alphabet Inc. investors are facing a long period of uncertainty as they grapple with a scenario they previously saw as unlikely: a possible breakup of Google.
George Soros and Stanley Druckenmiller’s investment firms trimmed their holdings in “Magnificent Seven” stocks before this year’s ebullient run-up in technology companies gave way to a major downturn in mid-July.
This year, the bears have asserted themselves after the bulls controlled the first half. Shares of companies that recently announced stock splits are well off their highs, generally not benefiting from the historical trend of outperformance.
Technology stocks led the market for much of this year, with AI euphoria in full effect. Recent cracks in the momentum caused some investors to question whether the enthusiasm has been exhausted. Technology investors and active stock pickers Tony Kim and Reid Menge offer answers ― and an optimistic outlook.
With the Nasdaq-100 Index (NDX) lower, it might not yet be safe for investors to rush back to mega-cap growth stocks.
Skeptics had long warned that artificial intelligence-related stocks were in a bubble. Now that some of the froth has come off, bulls see an opportunity.
A bid to break up Alphabet Inc.’s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolized the online search market, according to people with knowledge of the deliberations.
Franklin Templeton’s David Mann highlights the firm’s diverse ETF lineup and offers perspective on stocks, bonds, and crypto. VettaFi’s Zeno Mercer goes in-depth on the “Magnificent Seven” stocks.
It's an ideal time to add bonds, especially if they are poised to outperform stocks over the next 10 years.
When two popular trades, such as buying US big tech stocks and selling the Japanese yen, are unraveling at the same time, investors naturally think they are somehow related.
Pretty much every month there’s one week that has the most important economic reports. For the month of August that’s this week. The reports this week include consumer price inflation, producer prices, retail sales, industrial production, housing starts, and unemployment claims.
First the private credit firms came for the banking industry’s lucrative corporate loan business. Now they’re grabbing a chunk of their consumer-lending work. The pressing question for this thriving multi-trillion dollar industry is whether it has timed its latest incursion badly.
A dizzying start to August, which saw US stocks whiplashed by economic jitters, lackluster earnings and the unwinding of the global yen carry trade, has left Wall Street searching for corners of the market that may have been unfairly punished.
I can't let this month pass without noting a significant anniversary: This is the 25th year I’ve been writing Thoughts from the Frontline. You can visit the archive and see every issue since January 2001.
On Monday, global equities and digital assets underwent a dramatic selloff as the unwinding of the Japanese yen carry trade rattled markets. The S&P Global Broad Market Index (BMI), which measures the performance of more than 14,000 stocks around the world, retreated 3.3%, its worst trading day in over two years.
When the Federal Reserve (Fed) cut rates in response to the COVID-19 pandemic, mortgage rates fell below 3% in 2021 and many households refinanced or obtained new loans.
It looks like investors have been adding shares of Amazon.com to their carts in recent weeks.
The Biden administration is nearly finished divvying up $39 billion in grants under the Chips and Science Act, the landmark bipartisan legislation aimed at revitalizing the domestic semiconductor industry. The bigger test still lies ahead.
During volatile markets, investors may flock to safe haven sectors like utilities that can weather a recession.
In this PIMCO Perspectives, we explore the dispersion playing out across monetary policy and financial markets.
On the surface, Nvidia Corp.’s $900 billion selloff since its June record would suggest the artificial intelligence spending boom that propelled it there is cooling. But the undercurrents tell a far less dire story.
It has been a tough earnings season for the technology industry, and markets more broadly.
The stock selloff of the past month is forcing investors to think about whether the market remains too high, and if so, how far it might fall.
Portfolio Managers Shuntaro Takeuchi, Michael Oh, CFA, and Andrew Mattock, CFA, assess the reasons for the heightened volatility and sharp moves in global markets.
Copper prices have pulled back since peaking in May at $5.12, but the long-term bull case for copper remains strong.
Artificial Intelligence
Understanding the AI Ecosystem & Investment Opportunity
Join the experts at VettaFi and KraneShares for an in-depth exploration of the generative AI space and learn how you can set your portfolio up to capture the potential of this exciting new technology.
The Next Phase of AI Investing
Join the experts at Xtrackers by DWS for an educational webcast and gain insights into the most pressing questions on AI investing.
The Yield Curve Inversion Just Ended, but Economic Risks Remain
The U.S. economy may be heading into choppy waters, and investors might be wise to buckle up.
Fed Rate Cuts Coming in September: What’s Next?
The main focus for investors should is no longer if the Fed will cut rates in 2024, but how much and how quickly the Fed will lower interest rates.
Nvidia’s $400 Billion Tumble This Week Makes Bitcoin Look Calm
Nvidia Corp. has wiped out more than $400 billion in value this week, weighing on key equity benchmarks as jitters spread over the health of the US economy and an AI trade that may have gotten ahead of itself.
Volatility Strikes in September: Our Thoughts
We think the decline in the S&P 500 Index on Tuesday may be more technical than fundamental.
BlackRock Dials Back Risk Across $131 Billion Model Portfolios
The world’s biggest asset manager is taking some chips off the table as markets enter a “new phase” of turbulence ahead of a Federal Reserve interest rate cutting cycle and the US presidential election.
Volatility Cocktail
The Federal Reserve is creating the potential for extreme bouts of volatility surrounded economic data releases.
Navigating the Investment Landscape: Insights and Warnings
In this edition, Harold Evensky explores the challenges facing sustainable and active funds, the implications of the new DOL Fiduciary Rule, and the value of long-term performance projections. With candid observations and critical analysis--read on to gain perspective on navigating the complex world of investing, the importance of risk management, and the role of fiduciary advisors in securing your financial future.
Nvidia Rout Has Traders Watching $100-Share Level Amid ‘Vacuum’
The sharp selloff that wiped a record $279 billion off Nvidia Corp.’s market value on Tuesday has traders scouring charts for clues as to where the pain might end.
AI Culture Will Be Weirder Than You Can Imagine
There are two radically different visions of our AI future, and they depend on the cost of energy.
Reinforcing Economic Foundations
The case for infrastructure investment is rising, but so are its costs.
August Sees Markets Close Strong After Tough Start
A soft landing for the U.S. economy still appears to be the most likely outcome.
Key Highlights From Q2 Earnings Season Around the Globe
On the latest edition of Market Week in Review, Director and Senior Investment Strategist Alex Cousley and ESG and Active Ownership Analyst Zoe Warganz discussed key takeaways from the U.S. Federal Reserve’s (Fed) annual economic symposium in Jackson Hole, Wyoming.
Shorts Are Circling Some of the AI Boom’s Biggest Question Marks
It’s the story of so many stock market manias: A transformative technology juices a few companies, a bunch of more questionable outfits follow in their wake, and Wall Street buys it all. Then time sorts out what’s real from fake.
Apple Rally Fueled by AI Promises Approaches a Crucial Test
Apple Inc.’s upcoming iPhone release has sent its stock price soaring because of promised artificial-intelligence features. Those gains appear vulnerable, at least in the short term, if history is any guide.
Wall Street Strategists Face Their Own Short Squeeze
Since the pandemic, Wall Street strategists have repeatedly underestimated the performance of the US stock market in their annual projections, leading to a mad dash to boost their outlooks in the back end of the year.
Berkshire Hathaway vs Nvidia: The Battle Between Value & Growth
This week saw a nontech giant cross a unique milestone and a tech giant’s earnings report become a Mainstreet sensation.
Why Gold Stocks Could Be a Contrarian Investor’s Dream Right Now
As I write this, gold continues to trade above $2,500 an ounce after surging past the psychologically important level for the first time ever in mid-August. For seasoned gold mining investors, this should be a moment of validation. After all, the yellow metal has long been seen as the ultimate hedge against economic uncertainty.
Swap Bonds for Commodities in 60/40 Funds, BofA Strategists Say
Investors pursuing widely followed 60/40 strategies should consider swapping out bonds for commodities, according to strategists at Bank of America Corp.
Fed Pivots and Baby Aspirin
When you see that behavior at extreme valuations, it tends to be a sign of underlying skittishness and risk aversion. When valuations are setting record extremes because the news can’t get any better, even a slightly less optimistic outlook becomes a risk.
China's Growth Evolution: Opportunities and Challenges for the Global Economy
China's economic transformation presents both challenges and opportunities for global markets.
Nvidia Investors Must Remember — Hardware Is Hard
There’s an adage in Silicon Valley: Hardware is hard. And expensive. And time-consuming. That’s the case even when you’re a company that’s really good at it — like Nvidia Corp., whose market value has grown to $3 trillion thanks to its extraordinary prowess in the trickiest hardware challenge today: building cutting-edge chips for artificial intelligence.
Nvidia Discusses Joining OpenAI’s Latest Funding Round
Nvidia Corp., the world’s biggest chipmaker, has discussed joining a funding round for OpenAI that would value the artificial intelligence startup at more than $100 billion, according to people familiar with the matter.
Expanding the Hunt for Attractively Valued Equities
When global equity markets tumbled in early August, investors got a glimpse of what a deeper correction could like for the US giants, and it wasn’t pretty. The so-called Magnificent Seven have dominated US and global equity market returns since late 2022—and valuations have soared—as earnings growth rebounded and on expectations that they will be the big winners from artificial intelligence (AI).
Fundamentals Matter
While short-term fluctuations and sudden selloffs have tested the markets, key indicators such as corporate profits, employment data, and economic resilience have held firm.
Fed Rate Cuts Are No Magic Fix for Anemic Hiring
Chair Jerome Powell cemented a shift in focus from inflation to employment last week when he said that the Federal Reserve does not seek a further cooling in the labor market. It was a welcome message for those concerned about an economic slowdown. But there are reasons to expect today’s sluggish hiring environment to persist at least into early next year, frustrating job seekers and policymakers alike.
Nvidia Pays Price of Lofty Expectations, Stoking Fear for Rivals
Nvidia Corp.’s earnings report needed to be perfect for a stock that’s added nearly $2 trillion in market value in the past year. In the end, a broad beat still sparked a selloff.
With AI Story Intact and Rate Cuts Imminent, Markets Turn Higher
Nvidia Corp.’s earnings report was impressive by virtually any metric — except its own recent history.
Nvidia Tumbles After Disappointing Forecast, Blackwell Chip Snags
Nvidia Corp. failed to live up to investor hopes with its latest results on Wednesday, delivering an underwhelming forecast and news of production snags with its much-awaited Blackwell chips.
8 Ways DC Plans Are Likely to Change by 2030
Will 2030 DC plans perform better at preparing U.S. workers for retirement?
Where It Pays to Get Choosy: A Case Study in Stock Selection
The healthcare sector offers a compelling mix of defensive characteristics and growth potential driven by innovation. It also features ample dispersion that presents stock pickers with an opportunity to parse potential leaders and laggards in pursuit of above-market return.
Nvidia’s Earnings Will Test the S&P 500’s $4 Trillion Recovery
The almost $3 trillion rally in Nvidia Corp. shares over the roughly two years since ChatGPT’s unveiling has virtually rewired the US stock market, giving the artificial intelligence chipmaking giant an outsized influence on a bevy of equity indexes.
Let’s Get Real (Rates)!
The most glaring uncertainties today, which contributed to early August seeing some of the largest market moves in the last several years, are the risks associated with the Federal Reserve’s dual mandate.
So Why Don’t You Own It?
Portfolio managers should always have good explanations for their underweight positions. These days, it matters more than ever.
AI, Natural Gas & Midstream’s Emerging Opportunities
Midstream’s second quarter earnings calls reinforced the positive outlook for US natural gas demand driven in part by expected power demand from data centers. This note discusses the advantages of natural gas for data centers, additional factors contributing to demand growth, and how midstream is uniquely positioned to benefit from these trends.
Bringing Wives into the Discussion
To understand the importance of involving both spouses in the discussion, we asked our very own Vicky Frye, Director of FinTech Innovation and Cybersecurity Strategies at WMGNA, for her comments on this topic.
Will the AI Revolution Lead to Greater Prosperity?
Artificial intelligence has the potential to reshape our economies, labor markets, societies, and politics. But despite the rosy forecasts of an AI-driven boom, history shows that technological advances rarely lead to immediate improvements in living standards and often lead to profound disruption.
Bridging the AI Confidence Gap Between the C-Suite and Advisors
The potential of AI in wealth management is undeniable, but realizing that potential requires more than just adopting the latest technology. By engaging advisors in the process, providing thorough training, and setting realistic expectations, firms can bridge the gap between C-suite optimism and frontline reality.
Successful Change Needs Buy-In from Staff, Clients
To make an organizational change effort stick, you have to start with the people, not with KPIs or quotas. If you want to move your firm to a client-centric model, you need to consider influencing factors such as your organizational structure and culture...
How Price Controls Could Harm the U.S. Economy Under a President Harris
This week, before she accepted the Democratic Party’s nomination for president, Vice President Kamala Harris threw her support behind President Joe Biden’s tax proposals for 2025, which include a steep 44.6% capital gains rate and an unprecedented 25% tax on unrealized gains.
Nvidia to Keep Surfing Tech Spending Wave: Earnings Week Ahead
Expectations heading into Nvidia Corp.’s Wednesday report are high, with analysts anticipating another strong consensus beat that could prompt the chipmaker to raise its profit guidance.
AI Giants Can Learn a Thing or Two From Mark Zuckerberg
Mark Zuckerberg may have a history of copying of others’ ideas, but when it comes to navigating the generative AI hype cycle, he’s the one forging a smarter path.
Trump’s ‘Made in USA’ Bitcoin Threatens China Juggernaut Bitmain’s Reign
For years, a Chinese company has dominated one of the most lucrative corners of the cryptocurrency universe. Rising political tensions, and the prospect of Donald Trump retaking the White House, pose an unprecedented threat to that reign.
Deep Value
Deep value stocks are currently our highest conviction long-only investment idea. For the avoidance of any doubt, when we talk about “deep value,” we simply mean stocks that are cheap, often screamingly so, relative to our appraisal of their fair value. We do not care about a “growth” or “value” label that has been assigned, sometimes seemingly arbitrarily, by one index provider or another.
Amid Solid Q2 Earnings, Volatility More About Sentiment Than Fundamentals
Robust U.S. stock momentum hit a slowdown in the third quarter, even as strong company earnings results rolled in. Fundamental Equities’ U.S. and Developed Markets CIO Carrie King weighs in on the incongruence with three reflections from Q2 earnings season.
Meta Shares Are Flying High as Zuckerberg Sells His AI Vision
Technology giants that want to spend big on artificial intelligence and stay in the good graces of investors should take a page out of Meta Platforms Inc.’s playbook.
EM Stocks Getting Cheaper as Investors Cool to Analyst Optimism
Emerging-market stocks are trading at the steepest discount to US equities since the Covid-19 panic in March 2020 as skittish investors look elsewhere for growth opportunities.
August 2024 Active Management Insights: Positive Outlook for Cyclical and Value-Oriented Stocks
Amid expectations of rate cuts from major central banks, managers are increasing their exposure to more cyclical and value-oriented names, including autos, transportation, and short-cycle industrials.
Transform Risk Into Opportunity
Many financial advisors exhibit a risk-averse attitude, leading to missed opportunities for growth and innovation.
Nvidia Eyes Return to Record as AI Spending Bonanza Continues
With questions swirling around Federal Reserve policy, the state of the economy and the US presidential race, at least one thing seems clear on Wall Street: spending on artificial intelligence remains a central priority.
In an AI Arms Race, Investors Should Focus on Profit Potential
As the AI halo begins to fade, equity investors are seeking companies that can profit from—and not just pontificate about—artificial intelligence.
Where Are the AI Revenues? A Look at Mega-Cap Tech Sales Multiples
Since the release of ChatGPT, mega-cap technology companies poised to profit from AI-enhanced software tools or cloud AI-model training capabilities have seen a surge in their stock prices. Yet, many have yet to realize significant AI-driven revenue growth, let alone a substantial impact on their bottom lines.
Investing in Transformative AI: How Dell Technologies is Shaping the Future
Stocks that offer artificial intelligence have been the hot ticket in the stock market – seeing their prices surge – many to astronomical heights. In this video, Chuck Carnevale, Co-Founder of FAST Graphs, a.k.a. Mr. Valuation will use FAST Graphs to see if he can locate some AI stocks that might not be so expensive, but his primary focus is going to be on Dell Technologies (DELL), as well as Dell’s competitors.
Amazon’s AI Spending Plans Keep Stock From Joining Tech Rebound
More than any of the megacap technology stocks, Amazon.com Inc.’s big spending ways are coming at the expense of profits, and its shares are being punished as a result.
Reviewing the Key Themes That Emerged From Earnings Season
This week marks the ‘unofficial’ end to 2Q24 earnings season – and aside from a few wobbles, it has been reasonably good. S&P 500 earnings growth came in at a solid 11.2% YoY pace – its best quarterly performance since 4Q21.
The Fine Line Between Content Moderation and Censorship in the Digital Age
Silver is an important component of solar photovoltaic (PV) panels, meaning that for China to reach its ambitious climate targets, it must import massive amounts of the white metal. In June alone, China spent over $228 million on silver, a new monthly record based on Bloomberg data going back to 2009.
As Tech Stocks Rebound, High Hedging Costs Indicate Skepticism
The recent rebound in US tech stocks isn’t convincing options traders just yet.
Price Controls Redux?
Unfortunately, when it comes to the government, what’s old is sometimes new again.
Oil’s AI Hedge Works, Just Don’t Mention a Recession
Earlier this year, around the time Nvidia Corp.’s market cap eclipsed that of the entire S&P 500 energy sector, I wrote about whether oil and gas stocks might offer a decent hedge when AI-fever breaks. The past several weeks have offered a test.
Latin America's Long-Term Potential
Portfolio Manager Jeremy Sutch, CFA, and Chief Investment Officer Sean Taylor assess the issues besetting the region’s key markets—from domestic challenges to geopolitical headwinds—as well as their structural strengths, and whether prospects may brighten with the onset of a U.S. rate-cutting cycle.
The Forgotten Style: What Ever Happened to Value?
Value has been in a protracted slump versus growth for years, but it’s been undergoing something of a makeover during that time.
Man Group Quants Are Riding Private Boom for Public Stock Trades
Quant traders at Man Group Plc are betting that unlocking the secrets of private markets will give them an edge in trading public stocks.
Charts for the Beach 2024
Because there is unprecedented use of the word “unprecedented,” we thought it appropriate to expand our annual Charts for the Beach from 5 charts to 10 charts and tables this year. So, probably best to stay under the beach umbrella as you read our unprecedented extended edition.
Investing in Transformative AI: How Dell Technologies is Shaping the Future
Stocks that offer artificial intelligence have been the hot ticket in the stock market – seeing their prices surge – many to astronomical heights.
Alphabet Shares Face Months of Uncertainty on New Breakup Risk
Alphabet Inc. investors are facing a long period of uncertainty as they grapple with a scenario they previously saw as unlikely: a possible breakup of Google.
Soros, Druckenmiller Pared Megacap Holdings Ahead of Summer Rout
George Soros and Stanley Druckenmiller’s investment firms trimmed their holdings in “Magnificent Seven” stocks before this year’s ebullient run-up in technology companies gave way to a major downturn in mid-July.
Sour Stock-Split Performances Amid a Possible Sequel to Last Year’s Pullback
This year, the bears have asserted themselves after the bulls controlled the first half. Shares of companies that recently announced stock splits are well off their highs, generally not benefiting from the historical trend of outperformance.
Can AI and Technology Stocks Keep on Keeping On? An Expert Take
Technology stocks led the market for much of this year, with AI euphoria in full effect. Recent cracks in the momentum caused some investors to question whether the enthusiasm has been exhausted. Technology investors and active stock pickers Tony Kim and Reid Menge offer answers ― and an optimistic outlook.
Some Growth Stocks Suddenly Attractively Valued
With the Nasdaq-100 Index (NDX) lower, it might not yet be safe for investors to rush back to mega-cap growth stocks.
Receding AI Stock Euphoria Has Bulls Seeing Some Opportunities
Skeptics had long warned that artificial intelligence-related stocks were in a bubble. Now that some of the froth has come off, bulls see an opportunity.
US Considers a Rare Antitrust Move: Breaking Up Google
A bid to break up Alphabet Inc.’s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolized the online search market, according to people with knowledge of the deliberations.
Franklin Templeton’s David Mann on Stocks, Bonds, & Crypto
Franklin Templeton’s David Mann highlights the firm’s diverse ETF lineup and offers perspective on stocks, bonds, and crypto. VettaFi’s Zeno Mercer goes in-depth on the “Magnificent Seven” stocks.
Bonds Could Be Poised to Outperform Stocks in Next Decade
It's an ideal time to add bonds, especially if they are poised to outperform stocks over the next 10 years.
How Big Is the Yen Carry Trade, Really?
When two popular trades, such as buying US big tech stocks and selling the Japanese yen, are unraveling at the same time, investors naturally think they are somehow related.
The Week Ahead
Pretty much every month there’s one week that has the most important economic reports. For the month of August that’s this week. The reports this week include consumer price inflation, producer prices, retail sales, industrial production, housing starts, and unemployment claims.
Private Credit Enters Risky Terrain With Huge Bets on Consumers
First the private credit firms came for the banking industry’s lucrative corporate loan business. Now they’re grabbing a chunk of their consumer-lending work. The pressing question for this thriving multi-trillion dollar industry is whether it has timed its latest incursion badly.
Big Tech, Health-Care and High-Yield Stocks Are Dip-Buying Targets
A dizzying start to August, which saw US stocks whiplashed by economic jitters, lackluster earnings and the unwinding of the global yen carry trade, has left Wall Street searching for corners of the market that may have been unfairly punished.
25 Years and Counting
I can't let this month pass without noting a significant anniversary: This is the 25th year I’ve been writing Thoughts from the Frontline. You can visit the archive and see every issue since January 2001.
Understanding the Yen Carry Trade Impact on World Markets
On Monday, global equities and digital assets underwent a dramatic selloff as the unwinding of the Japanese yen carry trade rattled markets. The S&P Global Broad Market Index (BMI), which measures the performance of more than 14,000 stocks around the world, retreated 3.3%, its worst trading day in over two years.
Giving Some Context to Real Estate Concerns
When the Federal Reserve (Fed) cut rates in response to the COVID-19 pandemic, mortgage rates fell below 3% in 2021 and many households refinanced or obtained new loans.
Is Amazon Primed for More Upside or a Bearish Reversal?
It looks like investors have been adding shares of Amazon.com to their carts in recent weeks.
With US Chips Act Money Mostly Divvied Up, the Real Test Begins
The Biden administration is nearly finished divvying up $39 billion in grants under the Chips and Science Act, the landmark bipartisan legislation aimed at revitalizing the domestic semiconductor industry. The bigger test still lies ahead.
Recession or Not, Utilities Can Thrive in Current Market
During volatile markets, investors may flock to safe haven sectors like utilities that can weather a recession.
Summer of Dispersion
In this PIMCO Perspectives, we explore the dispersion playing out across monetary policy and financial markets.
Nvidia Value Takes $900 Billion Hit Even as AI Spending Ramps Up
On the surface, Nvidia Corp.’s $900 billion selloff since its June record would suggest the artificial intelligence spending boom that propelled it there is cooling. But the undercurrents tell a far less dire story.
Gig Economy Emerges as a Bright Spot Amid Gloomy Tech Earnings
It has been a tough earnings season for the technology industry, and markets more broadly.
How Much Should Stocks Correct? Less Than You May Think
The stock selloff of the past month is forcing investors to think about whether the market remains too high, and if so, how far it might fall.
Our Thoughts on the Global Selloff
Portfolio Managers Shuntaro Takeuchi, Michael Oh, CFA, and Andrew Mattock, CFA, assess the reasons for the heightened volatility and sharp moves in global markets.
Don’t Count Out Copper Yet
Copper prices have pulled back since peaking in May at $5.12, but the long-term bull case for copper remains strong.