Tom Lee says investors are in a new bull market following the April lows, and prefers small caps in the second half of the year as buyers start to look past tariff risk. “I think what happened at the April lows — which was very capitulatory, and that was a huge liquidation event, and we had a VIX spike to 60 — that is the kind of flush and reset that I would associate with a new bull market,” Lee told CNBC’s ” Money Movers ” on Friday, referring to the CBOE Volatility Index . “I think we had what…
Author: usaeverydaylife
Elon Musk is interviewed on CNBC from the Tesla headquarters in Texas.CNBCShares of the Elon Musk-led automaker Tesla have rallied in May despite recent poor car sales numbers for the company in China and Europe, as the billionaire CEO promised to focus more on his businesses than politics.Tesla shares are on track for an increase of more than 20% for the month.The stock is still down about 12% for the year. Apple is down about 21% year-to-date, the worst of all the megacaps.The bounceback in May comes as President Donald Trump marks the end of Musk’s time as a “special…
Chinese President Xi Jinping and U.S. President Donald Trump.Dan Kitwoodnicholas Kamm | Afp | Getty ImagesChina is calling out the U.S. for “discriminatory restrictions” in its use of export controls in the chip industry, after the Trump administration accused the world’s second-largest economy of violating a preliminary trade deal between the two countries. “Recently, China has repeatedly raised concerns with the U.S. regarding its abuse of export control measures in the semiconductor sector and other related practices,” China U.S. embassy spokesperson Liu Pengyu told NBC News.It’s the latest escalation in the simmering trade war between the U.S. and China, particularly…
Daniel Loeb has found himself a new goal as his hedge fund Third Point entered its milestone 30th year: To be a true winner in the red-hot artificial intelligence boom and not run over by it. “Change is happening at an ever accelerating and increasing rate and it’s just going to require us to continue to be even more nimble, and to use AI as your own tool to stay on top of what’s going on,” Loeb told CNBC’s Scott Wapner at Third Point’s investor day Thursday. “You’ll either be a beneficiary of AI or AI roadkill. So I think…
Portfolio manager Christopher Buchbinder often finds opportunities where others see none. That instinct has helped make his Capital Group Dividend Value ETF among the top rated funds on Morningstar. He calls himself a contrarian, but not religiously — and says he is also willing to invest in stocks other people like, if there is an opportunity. “My favorite investments are ones where any educated person can pick up the newspaper or read it on the phone, as we often do today, and understand why they should not invest in a certain company or industry, but our insight or analysis leads…
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe more Jamie Dimon worries, the better his bank seems to do.As JPMorgan Chase has grown larger, more profitable and increasingly more crucial to the U.S. economy in recent years, its star CEO has grown more vocal about what could go wrong — all while things keep going right for his bank.In the best of times and in the worst of…
President Donald Trump on Friday will host a press event to celebrate Elon Musk as the Tesla CEO concludes his official government service after four turbulent months leading the Department of Government Efficiency.Musk’s scheduled departure comes at a precarious moment, both for DOGE and for his relationship with the president.Multiple top staffers at DOGE have either recently left or are on their way out of the federal-workforce slashing group. They include Steve Davis, the president of Musk’s Boring Company, and DOGE spokeswoman Katie Miller, White House officials told NBC News. Attorney James Burnham is also reportedly leaving the group.Musk worked…
Check out the companies making headlines in midday trading. Costco — The wholesaler gained more than 3% on fiscal third-quarter results that surpassed analyst estimates, while sales jumped 8% from the same period a year ago. Ulta Beauty — Shares of the beauty retailer skyrocketed nearly 13% to hit a 52-week high after the company raised its annual profit forecast and crushed expectations with its quarterly results. Ulta said lower inventory losses as well as new launches helped drive demand at its stores. Gap — The apparel retailer plunged 20% after saying it sees current-quarter sales around flat from the…
The month of May added to the remarkable V-shaped comeback equity rally in the wake of “liberation day.” As I expect June to be another positive month in U.S. equities, I want to remain bullish as the bears seem to weaken on a daily basis. After a nearly 25% bounce off the April lows, I see more upside and an all-time high retest coming. I am defining my risk by using options on the Nasdaq-100 ETF (QQQ) to participate in this bullish move. May caught many bearish traders by surprise. Analysts continue to have to reconfigure their 2025 end-of-year price…
In minutes released this week from the Federal Reserve’s May meeting, central bank policymakers indicated that an interest rate cut isn’t coming anytime soon.Largely because of mixed economic signals and the United States’ changing tariff agenda, officials said they will wait until there’s more clarity about fiscal and trade policy before they will consider lowering rates again.In prepared remarks earlier this month, Fed Chair Jerome Powell also said that the federal funds rate is likely to stay higher as the economy changes and policy is in flux. The Fed’s benchmark sets what banks charge each other for overnight lending, but also has a domino effect on…
