Ari Wald has some thoughts on buzzy stocks as the new trading year kicked off. Oppenheimer’s head of technical analysis joined CNBC’s “Power Lunch” to discuss three names that have come up on best ideas lists from Wall Street firms for 2025: Nvidia , Boeing and Howmet Aerospace . Here’s what he thought of each: Nvidia Even after Nvidia’s banner year, Wald is still optimistic. “It comes down to trend following 101,” Wald said, noting that shares continue to trade above the 200-day moving average since the start of 2023. “Nothing has really changed in our work. … We are…
Author: usaeverydaylife
It became clear that the fractured dysfunction that courses through professional tennis was getting worse on a bright November morning in Turin, Italy.Andrea Gaudenzi, the chairman of the ATP Tour who views himself as the sport’s ultimate mover and shaker, was holding court in the sparkling hospitality dining area at the 2024 men’s Tour Finals before the room filled for lunch with corporate guests. White tablecloths, crystal stemware and silver flatware covered the tables.About 100 yards away in the Inalpi Arena, a couple of exercise bikes and some rubber mats jammed into the dark corner of a basement corridor comprised…
Facebook vice president of global public policy Joel Kaplan and Facebook CEO Mark Zuckerberg leave the Elysee Presidential Palace after a meeting with French President Emmanuel Macron on May 23, 2018 in Paris, France.Chesnot | Getty ImagesFacebook parent Meta is replacing President of Global Affairs Nick Clegg with Joel Kaplan, the company’s current policy vice president and a former Republican party staffer.The shake up comes three weeks before President-elect Donald Trump’s inauguration, and it’s the latest sign of how tech companies are positioning themselves for a new administration in Washington.Clegg, a former British deputy prime minister, said he is stepping…
Ken Griffin, founder and CEO of Citadel, speaks during The New York Times’ annual DealBook Summit in New York City, Dec. 4, 2024.Michael M. Santiago | Getty ImagesBillionaire investor Ken Griffin’s handful of hedge funds at Citadel all posted double-digit returns in 2024, led by its tactical trading strategy.Citadel’s multistrategy Wellington fund, its largest, finished the year up 15.1%, according to a person familiar with the returns. All five strategies used in the flagship fund — commodities, equities, fixed income, credit and quantitative — were positive for the year, the person said.The Miami-based firm’s tactical trading fund was the standout…
While growth stocks have been getting all the attention these days, certain dividend-paying exchange-traded funds have also been providing attractive total returns. In fact, dividend stocks could enjoy some further tailwinds this year as the Federal Reserve cuts interest rates. While the two rate decreases anticipated in 2025 are fewer than the four that were initially expected, a lower-rate environment of any size tends to help dividend payers as their yields become more competitive with the Treasury market. On top of that, possible corporate tax cuts from the Trump administration could juice companies’ cash flows, which may translate into some…
From left, Elon Musk, House Speaker Mike Johnson and Vivek Ramaswamy arrive for a meeting on Capitol Hill on Dec. 5, 2024.Al Drago/Bloomberg via Getty ImagesWhen Elon Musk and Vivek Ramaswamy laid out their vision for slashing the size of the federal government, they touted plans to bring workers back to the office full-time.Working from home was a “Covid-era privilege,” the duo, appointed by President-elect Donald Trump to lead a new so-called Department of Government Efficiency, wrote in a Nov. 20 Wall Street Journal op-ed.But labor economists don’t see the pandemic-era uptick in remote work as a passing fad.Instead, they…
Back in July, the boss brimmed with his trademark optimism.“It’s the best team we’ve fielded in a while,” Jim Irsay boasted. Weeks later, during a preseason game, the Indianapolis Colts’ 65-year-old owner spelled out his hopes for the coming season. “I think we have the kind of football team that can really make a difference and go beyond just making the playoffs, but winning playoff games.”For a man who has never shied away from speaking his mind — be it on social media, in postgame scrums outside the locker room or in late-night calls to local reporters — Irsay has…
Regulatory clarity and institutional adoption could drive bitcoin this year to more than double its current price, according to H.C. Wainwright. The firm raised its price target on the flagship cryptocurrency to $225,000 from $145,000, it said in a note to investors Thursday, implying upside of more than 130%. “Based on our analysis of historical price cycles and recent price action, along with the widely-held expectation for a more favorable regulatory environment for the digital assets industry in the U.S. in 2025 under the new administration, the availability of spot ETF products in the U.S., and accelerating institutional investor and…
Check out the companies making headlines in midday trading: Tesla — The electric vehicle maker slipped 5% after reporting its first ever annual vehicle deliveries decline . Tesla delivered 1.79 million vehicles in 2024, a drop from 1.81 million in 2023. Constellation Energy — Shares jumped 7% after the company secured a record-setting $1 billion in combined contracts to supply nuclear energy to the U.S. federal government. Unity Software — The video game stock surged 9% after online personality Keith Gill, also known by his online moniker Roaring Kitty, posted a gif on social media site X of a “Chappelle’s…
As the new year begins, Bank of America has a few short-term stock recommendations for investors looking to navigate the quarter ahead. Stocks made fresh all-time highs in 2024, pushing the S & P 500 to notch two consecutive years of annual gains above 20%. Wall Street continued its bets on artificial intelligence-related trades, across energy and technology, and remained optimistic on inflation progress and economic growth. “This remains a stock pickers market,” analyst Anthony Cassamassino wrote in a Thursday note to clients. Here are some of the firm’s top buy-rated picks for the first quarter: Bank of America is…
