Investors looking for income in the current environment may want to turn to securitized products, according to Bryan Whalen, chief investment officer and portfolio manager at Los Angeles-based TCW. Right now investors are in “the waiting place” for the next few months as the direction of the economy gets sorted out, said Whalen. While the outcome is still uncertain, Whalen thinks the economy will likely weaken more than the market expects. Yet in many parts of the bond market, investors aren’t being compensated for credit risk, he said. Key inflation data comes out this week, with the May consumer price…
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Investor Danny Moses, who made a killing betting against mortgage-backed debt before the 2008 crash, revealed he is bullish on the unloved energy sector. The Moses Ventures founder pointed out that energy stocks’ weighting in the S & P 500 benchmark is only 3% right now, compared to their historical average of 7%. “I don’t see that going much lower … oil is a little bit disconnected from the value of these energy stocks,” Moses said Monday on CNBC’s ” Power Lunch .” “These energy stocks, the last four to five years, have gone through transformational M & A. Their…
The Food and Drug Administration on Monday approved Merck’s shot designed to protect infants from respiratory syncytial virus during their first season of the virus, bringing to market a rival to a similar treatment from Sanofi and AstraZeneca.The decision will allow the company to launch the drug, which will be marketed as Enflonsia, ahead of the RSV season that typically kicks off around fall and winter and lasts through the spring. Merck said in a release that it expects orders for the shot to begin in July, with shipments delivered before the virus starts to spread widely.The approval gives doctors…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh here — The healthcare sector has entered the chat. There are 12 healthcare names now on our Best Stocks list as of the end of last week. I’ll show you a few of these set-ups below and then Sean’s going to share some fundamentals for these healthcare firms. Sector Leaderboard As of 6/9/2025 morning, there are 114 names on The Best Stocks in the Market list Top Sector Ranking: Top Industries: Top 5 Best Stocks by Relative…
Earlier this year, Warner Bros. Discovery Chief Executive Officer David Zaslav ended his company’s long relationship with the National Basketball Association. Now, he may be setting the stage to end his relationship with U.S. sports, altogether.WBD announced Monday it’s splitting itself into two companies — a concept CNBC first reported had picked up steam in April. One company, temporarily called Streaming and Studios, will consist of Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO and HBO Max. The other, currently dubbed Global Networks, will be the rest of the company’s assets: legacy cable networks, TNT Sports, digital…
OpenAI Chief Executive Officer Sam Altman appears on screen during a talk with Microsoft Chairman and Chief Executive Officer Satya Nadella at the Microsoft Build 2025 conference in Seattle, May 19, 2025.Jason Redmond | AFP | Getty ImagesOpenAI has hit $10 billion in annual recurring revenue less than three years after launching its popular ChatGPT chatbot.The figure includes sales from the company’s consumer products, ChatGPT business products and its application programming interface, or API. It excludes licensing revenue from Microsoft and large one-time deals, according to an OpenAI spokesperson.For all of last year, OpenAI was around $5.5 billion in ARR.…
Semiconductor stocks have been a source of upside leadership for the market since the April low, noting the Philadelphia Semiconductor Index (SOX) has outperformed the S & P 500 Index (SPX) by over 20% over that period. However, high-profile semiconductor stocks now look overextended, which suggests the market is at risk of losing a primary source of leadership. Earnings from Broadcom (AVGO) were not received well last week, with the stock gapping lower Friday. The downmove confirmed a short-term counter-trend ‘sell’ signal from the DeMARK Indicators, in addition to downturns in both the daily stochastic oscillator and MACD indicator. The…
Wall Street is extremely bullish on stock trading platform eToro , with analysts estimating the stock could rise between 11% and 24% from here. Israel-based eToro went public on May 15 , with its initial public offering price at $52 per share, above the high end of its proposed range. The stock opened that day at $69.69, or 34% above its IPO, and closed up nearly 29% at $67 per share. Shares surged more than 5% on Monday to hit a fresh 52-week high. The overwhelming positive sentiment from Wall Street has rewarded the company’s decision to go public after…
Apple adds new features to CarPlayApple is also bringing new updates to its CarPlay offering, including an updated widget interface.The update includes a new design allowing users to see directions and others features when a call comes through.— Samantha SubinApple brings together its operating system names to simply 26Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesApple is changing the style of its names of operating systems for all of its devices.To reflect the majority of the year when these software updates will be available to customers, the company will release iOS 26, watchOS 26, tvOS 26, macOS 26,…
A Topgolf location in Oxon Hill, Maryland, on March 20, 2024.Kent Nishimura | Bloomberg | Getty ImagesSports entertainment, equipment and apparel stock Topgolf Callaway Brands surged on Monday after a high-profile corporate director bought shares in the company.Shares rose 11%, hitting their highest level since May 13.Stock Chart IconStock chart iconTopgolf Callaway shares surged on Monday.The moves comes after board member Adebayo Ogunlesi purchased about $2.5 million worth of shares last week, disclosed in a securities filing on Friday.Purchases by corporate executives and directors can sometimes be seen as a vote of confidence in the company, and this purchase comes…
