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Wall Street Poised For Pullback Ahead Of August CPI Data: Strategist Says Further Dip Likely Before Rally Resumes Following Next Week's Fed Meeting
Wednesday, September 11, 2024 - 6:56am | 1355Index futures are sporting caution early Wednesday as the market prepares to receive the all-important August consumer price inflation report. Vice President Kamala Harris is widely considered as the winner of the presidential debate held between her and Republican candidate Donald Trump late...
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Nasdaq, S&P 500 Futures Rise Amid Tech Buoyancy, Bitcoin Gains 2%: Analyst Warns Of Elevated Valuations And Potential Election Volatility
Wednesday, July 10, 2024 - 7:40am | 1409The market’s bullish bias will likely be put to the test on Wednesday as some key market-moving catalysts due this week could pose a threat to the upward momentum. Federal Reserve Chair Jerome Powell is scheduled to testify before the House Financial Committee and is widely expected to be in...
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Wall Street Poised For Muted Open On Mixed Earnings, With More Fed Speeches In Store: Analyst Sees S&P 500 Crossing Late-March High
Wednesday, May 8, 2024 - 7:13am | 1733U.S. stocks are on track for a mixed start on Wednesday as the market digests mixed earnings reports and looks ahead to more speeches by Federal Reserve officials. Given the paucity of any market-moving economic data, the spotlight will likely be on central bank officials’s statements about...
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$6 Trillion Cash On The Sidelines Poised To Drive Stock Market Growth In 2024: Fundstrat
Sunday, December 24, 2023 - 3:08pm | 317The stock market is set to see a significant boost next year, thanks to a record $6 trillion and a growing cash pile in money market funds, according to Fundstrat’s technical strategist Mark Newton. What Happened: Newton is of the opinion that funds might begin to deploy cash in the new year...
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Gold Prices On Track For All-Time Highs, Eyeing $2,500: Fundstrat
Thursday, November 23, 2023 - 7:34am | 476In a golden ray of hope for investors, the price of the precious metal is set to climb to record highs, with a potential leap to a staggering $2,500. A report by Business Insider revealed a 3% surge in gold futures in recent weeks, temporarily breaking the significant $2,000 per ounce barrier. This...
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Bitcoin Rally Likely To Peak Out In Coming Weeks, Says Technical Analyst
Monday, December 28, 2020 - 11:09pm | 389Bitcoin (BTC) rally seems headed for a breather in early January, as per Newton Advisors President Mark Newton. What Happened: The apex cryptocurrency still looks “bullish on an intermediate-term basis,” given it just broke out to all-time new highs, Newton told CNBC on the...
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What Do Wall Street Analysts Think After Starbucks Investor Day?
Thursday, December 10, 2020 - 6:48am | 460Starbucks Corporation (NASDAQ: SBUX) shared updates on its present growth model and a peek into its future outlook in 2021 to appreciate shareholder value in its Investor Day event on Wednesday. What Do Wall Street Analysts Say?: Newton Advisors LLC President and Founder, Mark...
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Traders Share Their Health Care Picks
Wednesday, June 3, 2020 - 5:17pm | 216On CNBC's "Trading Nation," Mark Tepper of Strategic Wealth Partners and Mark Newton of Newton Advisors spoke about opportunities in the health care sector. Tepper likes Bristol-Myers Squibb Co (NYSE: BMY). The stock has been a laggard, but that's what he's looking for since...
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Mark Newton Says There Can Still Be Winners In Retail, But Be Selective
Tuesday, March 31, 2020 - 10:01am | 500The full economic and psychological impact of the coronavirus pandemic has yet to be felt across the U.S., but it is evident fewer people will be going out to buy discretionary items, Danielle Shay of Simpler Trading said on a recent CNBC "Trading Nation" segment. Shay...
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2 Pros Like Goldman Sachs Ahead Of Big Bank Earnings
Monday, January 13, 2020 - 2:01pm | 364Big banks are on deck to report quarterly results this week and two pros say one name stands out among the group: Goldman Sachs Group Inc (NYSE: GS). Newton: 'Decent Signs Of Strength' The banking sector was a "relative dog" for the first nine months of 2019, especially when the...
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Top 3 S&P 500 Equities Are All Chip Stocks
Thursday, December 26, 2019 - 12:02pm | 440The top three performing stocks out of the entire S&P 500 index are chipmakers, CNBC's Seema Mody said on Thursday's "Trading Nation." The three stocks are Advanced Micro Devices, Inc. (NASDAQ: AMD) which is up 146%, followed by Lam Research Corporation (NASDAQ: LRCX),...
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Analysts Share Stocks To Buy On Fed Uncertainty
Thursday, August 22, 2019 - 8:21am | 256On CNBC's "Trading Nation," Mark Newton of Newton Advisors recommended Twitter Inc (NYSE: TWTR) and Merck & Co., Inc. (NYSE: MRK) as stocks to buy in the current market environment. He said Twitter has been underperforming in recent years, but it recently started to catch up....
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These Traders Would Stay Away From McDonald's For Now
Wednesday, August 14, 2019 - 11:25am | 213On CNBC's "Trading Nation," Mark Newton of Newton Advisors and Quint Tatro of Joule Financial spoke about McDonald's Corp (NYSE: MCD). Newton said the Relative Strength Index in McDonald's is near 80. He explained that in the last 25 years, this has happened only five...
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Analysts Share Their View On FANG Stocks And Apple
Friday, August 2, 2019 - 4:22pm | 326Michael Binger of Gradient Investments spoke on CNBC's "Trading Nation" about the tech sector. He believes the FANG stocks are relatively immune from the tariffs announcement. He added that these stocks have been strong performers, but they're not immune to pullbacks. Binger sees...
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Cramer And This Technical Analyst Agree: Coca-Cola Has Room To Run
Wednesday, July 24, 2019 - 10:05am | 431Coca-Cola Co (NYSE: KO) saw its shares hit a new 52-week high Tuesday in reaction to its second-quarter results but the stock still has "a lot more room to run," says CNBC's Jim Cramer. Cramer: Throwback To The 1980s Coca-Cola's era of growth started in the 1980s when the U.S....