Wall Street is relentlessly bullish , putting the S & P 500 on pace Monday for its first close above 6,800 ever . But what if the majority view here is wrong and valuations in frothy territory will suddenly start to matter? Investors may want to hold some stocks that can remain stable even when the market goes through a correction, just in case. The S & P 500 is trading at a price-to-earnings (P/E) ratio of 24 times next 12-month earnings projections, a 42% premium to its 20-year average, according to CFRA Research. Information technology is trading at a…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailRandy Babbitt, former FAA administrator, joins ‘Squawk Box’ to discuss the impact of the government shutdown on air travel disruptions, whether Americans who are flying less safe today, and more. Source link
Klaudia Radecka | Nurphoto | Getty ImagesAirbnb wants to block parties this spooky season.The travel and home rental platform said Monday that it will utilize its anti-party technology this Halloween weekend. The tech factors in the length of a stay, the distance from a guest’s location, property type and timing of a booking to block reservations deemed “higher risk.””We lead the way in proactive measures to reduce the risk of unauthorized parties, and our heightened technology for Halloween is one important layer in a comprehensive suite of policies and tools to support hosts, guests and local communities, and promote responsible…
(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) NYSE insider Jay Woods says that in light of the ongoing government shutdown, traders will be paying special attention to what Federal Reserve Chair Jerome Powell says at the U.S. central bank’s meeting this week. Powell’s comments carry special weight as the ongoing government shutdown — which is close to being the longest one in American history — has halted the tracking of government data. While a quarter-point percentage rate cut is already…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — First things first, Netflix (NFLX) dropped off our list of the Best Stocks in the Market last week after reporting a disappointing earnings quarter because of a one-time tax issue with the Brazilian IRS. I wish I were kidding, but I’m not. That’s literally what happened. Absent the surprise charge, NFLX would have beaten The Street’s estimates. Guidance was good and the tone of the call was solidly upbeat. Sometimes it doesn’t matter. NFLX went into…
The largest union representing federal workers on Monday called for Democrats in Congress to end the ongoing government shutdown by voting for the stopgap funding measure that Republicans have proposed.”It’s time to pass a clean continuing resolution and end this shutdown today,” Everett Kelly, president of the American Federation of Government Employees, wrote.”No half measures, and no gamesmanship. Put every single federal worker back on the job with full back pay — today,” said Kelly, whose union represents more than 800,000 federal and District of Columbia government workers.”Because when the folks who serve this country are standing in line for…
Microsoft CEO Satya Nadella, right, speaks as OpenAI CEO Sam Altman looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.Justin Sullivan | Getty ImagesOpenAI’s head-spinning investments announced in recent months have led to increased scrutiny of the hyperscalers, which are all racing to develop infrastructure for the accelerating artificial intelligence boom.Investors are about to get a lot of new information to digest.Microsoft, Alphabet, Meta and Amazon announce quarterly results this week. While they all have very different businesses – and compete in certain areas – Wall Street is going to be laser focused on one…
Selling cash-secured puts is a common, relatively conservative options-income generation strategy, but aligning strike selection and timing with technical indicators can significantly improve risk-adjusted returns. One variant I propose to simplify this process involves selling puts with approximately 60 days to expiration when the underlying stock is trading near its exponential moving average (EMA). This approach blends technical discipline, probabilistic pricing and time decay into a cohesive framework. The exponential moving average smooths price trends while weighting recent data more heavily than older prices. Traders use the 50-day EMA as a “mean reversion” guidepost — an area where prices often…
Keefe, Bruyette & Woods downgraded Berkshire Hathaway to underperform, warning that Warren Buffett’s succession risk and a slew of business-specific headwinds could weigh on the conglomerate’s earnings and share performance over the next year. The brokerage slashed its rating to the equivalent of sell from neutral, and cut its price target for Berkshire’s Class A shares to $700,000 from $740,000, implying a 5% downside from Friday’s close of $738,500. “Beyond our ongoing concerns surrounding macro uncertainty and Berkshire’s historically unique succession risk … we think the shares will underperform as earnings challenges emerge and/or persist,” analysts led by Meyer Shields…
Qualcomm announced Monday that it will release new artificial intelligence accelerator chips, marking new competition for Nvidia, which has so far dominated the market for AI semiconductors.The AI chips are a shift from Qualcomm, which has thus far focused on semiconductors for wireless connectivity and mobile devices, not massive data centers.Qualcomm said that both the AI200, which will go on sale in 2026, and the AI250, planned for 2027, can come in a system that fills up a full, liquid-cooled server rack.Qualcomm is matching Nvidia and AMD, which offer their graphics processing units, or GPUs, in full-rack systems that allow…
