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CNBC
Feb 17, 2010 12:30pm EST
and short-term and bearish on this copy trade? >> i don't know what's on the farms in china but i tell you, melissa. i do know that the demand for some of the commodities in china is still alive and i know we're talking to companies that are trading and selling ore and selling steel and that trade is very much alive. copper withes me and the 310 level is a key level to hold. we pushed through that yesterday. i agree with what brian's saying in terms of is the question, if the g 3 is slowing down we have big issues with commodities. we need more than just china. >> obviously, the demand is still there in china, but at the same time china will pull back on the unprecedented stimulus they unleashed in 2009. joe teranova, what's your trade on the copper trade and separate that from the rest of the metals and there may be demand for steel, et cetera, in terms of supply and demand. >> i love that brian said he's putting his mob wre his mouth is and that's exactly what traders do and brian being short and copper and kudos to him. it will work out to be a great trade. commodities themselv
CNBC
Apr 24, 2013 12:00pm EDT
hewlett-packard and hours. over the next hour, we'll talk about key positions, bearish take on china and the role short sellers play in the markets today. jim, welcome. >> good to be here. >> pete najarian joining us for the hour, as well. let me get your take just where we sort are in the markets at large. does a guy like you -- i mean, you're known as a short seller and we've had this huge updraft in the market. how do you compete with that? >> yeah, i've noticed that, scott. look, we are -- we have two pools of capital. our short-only capital, which is predominant part of our business and then a hedge fund, more traditional, like a lot of other managers. we try not to worry about the markets. we're trying to fix stocks that are going to underperform the markets. and, in fact, that's how we get paid. my call on markets is probably pretty worthless. i started my short fund in 1985, the dow was at 1300. so timing is not my forte. but look, we're mindful of it. i think the u.s. has probably been the best place to be, probably still the best place to be. if you had to pin me down. i'm
CNBC
Mar 12, 2012 12:00pm EDT
china. why the opportunity makes samsung a better buy than apple. welcome to "fast money" halftime report. lots of trade today. let's do it with vix plunging to the lowest level since july. what's it signaling here? >> you brought it up at the very top. talked about ranges we've seen. on top of that contraction we've had a steady plotting move to the upside. s&p 500 continues to push above 1350 area toward 1370. seems to be a consistent pattern that we see and watching that volatility index continue to be the leadership. we talked about it on many occasions and even sell-off days where volatility pops but that pop only lasts a couple sessions. we were talking last week. we've had three days since january 19th where we actually stayed above 20 three times. we've never done that in succession. it does tell you something about the markets right now and there is a level of comfort at least that people are reflecting right now on the vix. >> what is the average investor who is sitting at home looking at the vix listening to you explain it supposed to take from that in terms of what thei
CNBC
Feb 19, 2013 12:00pm EST
characterize that coming out of china, just given the property boom and then perhaps the pullback that we've seen. is demand as strong as it has been? >> are you talking about demand in china? >> yeah. >> demand in china, you know, softened for us. so we export logs off the west coast, our primary market for our log exports has always been japan, but the chinese entered the market, we saw demand fall off and we're starting to see some pick up in the demand for logs from china. in our cellulose fibers business, that's our fourth business segment, about an equal mix between europe and asia. we see signs the chinese economy is firming a bit. >> are we underestimating the coming build and recovery from hurricane sandy here in the eastern part of the united states? some of the traders sitting at my desk personally impacted by what's going on there. >> the last time we talked about that was immediately after sandy and it was really too early to tell. there was a lot of disruption in the distribution channels. i was in a meeting last week with economist mark zandi. he talked about the destruction i
CNBC
Feb 6, 2013 12:00pm EST
nothing to write home about. platinum does a little bit better when the china story looks like it could pop with momentum. an excellent indicator from the stock market but not just the growth side of it. >> if you had to pick one metal for 2013, flat numb, gold or silver? >> i'm looking at platinum. it is $5 from its all time high and gold closer to that. i think it can make that move quicker and usually out-performs gold. >>> what about you, log onto cnbc.com and vote. futuresn futuresnow.cnbc.com. >> apple spiking at the half, any thoughts as to what is changing behind today's move. >>> later legendary investor, byron wien throwing cold water on this rally and find out how low he thinks stocks could go. come on, nowadays lots of people go by themselves. no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch
CNBC
Feb 16, 2012 12:00pm EST
saw some relatively bearish news out of china where they're saying it's only going to grow at 7% which is bearish for china. but the u.s. data, you can't deny. australia overnight had fantastic job creation and it was all in the western part of the country which is all the mining, which is everything that's off of china. so now you have this idea that some kind of greek resolution is on the table and things look a lot better and bought spiders right before i got on the air. >> you've been shifty lately. >> i called myself cautious. i wasn't saying i was bearish, but certainly cautious because you've had these economic surprises and how much more account market go up. but now it appears that we've got all this bad news out there. >> do you agree, dr. j? >> i do agree with bk that the market isn't focused on some of the bad things and is invite focused on things internal rather than external drivers. a little lift today coming from greece and a little bit of a selloff yesterday of course coming there greece. but you get the philly fed numbers, good solid numbers. and you see some
CNBC
Feb 11, 2013 12:00pm EST
purchase, a gate catalyst, a sell pricer on the stock the last year or two, a slowdown in china, it has that corrected. big opportunity for women's peril -- peril -- can you say that? >> apparel. that's how we say it here. >> that's the problem with it. less than 5%. e-commerce 2-3%, mass consecutive growth there and hear they're coming out with nike bks. >> i like those. >> what's wrong with nike. >> everything simon talked about is already priced in the stock. jpmorgan today didn't bring out anything incrementally new, all about the fact the management said everything will be great. if you went with everything because management said it will be great the next six months or so and the second half of the year better for discretionary spending, that's a false assumption. >> one thing nike has done you can't put in a balance sheet is innovation. they continue and continue to put in innovation and nike is inconsistent. you have a core holding in that particular space, nike has to go long. >> we know about innovation and the pipeline. is there nothing else to propel this and no other cataly
CNBC
May 26, 2017 12:00pm EDT
powerful and, most importantly, or equally importantly, it's a global audience. you look korea, china and japan, all over asia and europe you'll see that it's everywhere and it isn't bound by geography. you don't use a stick or a bat to play, and you can play alone or with a whole group of people, play against the best. it has all the tools to go the distance. that's what's made everybody excited about it if they're in sports or entertainment. >> let me wrap by asking you about the movie business. you produced the first batman movie. in some respects i feel we've come full circle here. if you had to place your biggest bet today in the movie business, would it be on a superhero or a super actor, a clooney, a pitt, a cruise, they're going to make top gun 2. superheroes are all the rage and that's where the studios are putting their money behind? >> there's two businesses. there's this big franchise, you know, glamorous, huge, star driven, ip driven business like wonderwoman and batman and all these films like that and then there's the small independent films at $15 million, $20 million, $25
CNBC
Apr 12, 2013 12:00pm EDT
mining business has left them. they have come out of china. they have lots of issues. they really have control of their game at this point in time. i would avoid the stock. >> i don't know if i like the kinder, gentler weis. is it just me? >> new 52 week high. and traders are -- do you make the rotation trade out of pfizer into merk? i don't think you do. eli lily, that's the name in farm ma that i would stay with. >> and dr. jay? >> this was one we used for the portfolio example. i like the stock . pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance inc
CNBC
May 8, 2017 12:00pm EDT
% and you get a company like apple that we heard about china, china was a little bit weak. pete's done an excellent job talking about india, up 20%. and lock at where we are. you want to sell the market with a vix below ten now? below ten. >> that's a cop ver sags in and of itself. let's stick with apple. drexel hamilton raising its price target to $22 a share. it's not the highest target on the street. brian white is the analyst behind the call. brian, welcome back to the halftime report. >> hi, scott. >> you're being bullish is not a new story, but thousand, more so, why? >> i think what we're starting to see her are the dark clouds around this valuation on apple, which has been with this company for several years start tog part wiis, so sentiment is starting to change and we have four pi pillars going forward. iphone 8. valuation 11 times x cash ch capital return. we heard about it last week, but it's not done and new innovations on the horizon. so i think the market is starting to get it. but it's still early stages. i think there's plenty of upside left. >> is that one of the
CNBC
May 29, 2012 12:00pm EDT
space of the impact of europe or china on the chip spending space? >> it's a couple things. first off the u.s. is modestly improvi improving, but not a very strong snap back. the eurozone can't be good for demand. you talk to companies out there, there's a lot of uncertainty about what we'll do, what direction they will go and how we'll send it. third thing, china, we've had accept straight quarters of slowing growth. not hearing a lot of positive things there. and lastly, enterprise demand. not seeing a lot of enterprise demand. if the economy will start slowing, companies whether start to slow down their cap ex spends and the computers they buy, all that kind of stuff. so i think that there are some concerns there. the one pocket of strength is apple. and you guys talked on that earlier. >> texas instruments is your best from breed stock here. your number one pick. why? >> first off you have a very brad based demand. so you'll see them across the entire supply chain. they are the number one market share position in an made log today. and the way i look at the stock here, you're gett
CNBC
Jan 8, 2013 12:00pm EST
that we've been watching china stabilize for a while. if you believe in that story, which i do, i think we're starting to see growth over in china. i think because of that these industrials can do very, very well. i don't know that it will be this quarter but i think going forward the industrial space is a base we can move off of but the financials will put us to the upside. we get to the xof, close above that 17 level for a couple days in a row, get into the earnings season and jpmorgan can put the flash in there, we're going higher. >> what is the retreat in stocks telling you now? >> i think this is the most constructive thing that could be happening. this is what you want to see if you're bullish. we're very close to new highs and you've consolidation on very low volume. my favorite feature of the option this week is the fact that correlations continue to stay almost nonexistent. in other words, even when you have down days, you have money that continues to work. i'd like to see them rotate sector to sector without a lot of panic. even though we're opening down and staying dow
CNBC
May 23, 2014 12:00pm EDT
you look at that, the pivot they've made toward china, and i heard steve liesman this morning addressing this, saying it's been going on for decades, 50 years and all the rest of this. yeah, but right now, the way things are going with the u.s., the sanctions, and some of that is push-away from europe and maybe going in towards china, and getting a partnership up as far as the energy, when you're talking about gas and oil, that's what people focus on when you talk about the russian economy. and because of that, the rsx today, by the way, june 27 calls, they're buying them. i think it's going towards -- >> you say the rsx has more room to run? >> it has more room to run now. >> to that point, an ancient piece of investing wisdom -- good things tend to happen to bad stocks. the only market you can buy cheaper now is greece. it's not you want to go heavy, whole hog, i can't get enough russia -- >> let's not forget about the risks -- >> that's the point. there's a reason it's a depressed market. at the end of the day, you don't have to figure what can go right. you can get a sense
CNBC
Aug 13, 2013 12:00pm EDT
up and this is in the context of the s&p up only 0.3%. pom a people are playing the china news. i also agree though that the financials, they have lagged, and they are beneficiaries of a steeper yield curve. you want to pick your spots there. i this thi-- think the ease my has been made in those sectors. the other sectors that have caught up, they're still attractive in terms of values. >> you agree, steve, with josh brown, that maybe this is the start of the correction that so many people have been talking about and waiting for? >> correction is too strong a word. i think we're in the summer malaise. when have you walked in, seen europe up the way it's up today, seen japan up, abe talking about cutting corporate tax and have the u.s. market be flat, really flat, not down much. >> you look up tomorrow japan could be down 3%. >> it could be, exactly right. my point is this market is just tired, it's tired, it's taking a much-needed pause after earnings. people are unsure if actually we're going to get a tightening. say we do or cut back on the bond buying, but we are. and that mean
CNBC
Feb 12, 2013 12:00pm EST
doing the same thing with expansion at china mobile is a big story. it's very specific, looking for names and where we have seen performance has been in the names we have given up for dead maybe have enough product line coming out right now maybe they have a chance that they catch to apple or samsung but at least more come ppetitive than severa months ago. >> are you still a believe in big cap tech? >> it has not changed. it has commodity based companies, the semis and pc manufacturers. the other side are cutting edge technology stocks you buy for a wave. i think jpmorgan downgrade was very flawed. i don't see the comparison between blackberry and palm. blackberry has an installed base of almost 80 million people. palm had no installed base. blackberry has a huge corporate installed base home depot i said and have new technology. we talked about that off and on and i disagree emphatically about that comparison. >> dan, i'm not sure if you can hear these guys. stev steven weiss is making the point you can't make a comparison between blackberry and palm, the installed base is defendan
CNBC
Aug 12, 2013 12:00pm EDT
it all the time. are the numbers real in china or not? you're getting better incremental news, the expectations are low and i listen to what the companies have to say, specifically a freeport. both of those reports in earnings were better than the gloom and doom the stocks are discounting. so i think there is a fundamental case if the data continues to be better. it is very important week. we get gdp, eurozone dwchlt dp, industrial production in europe, and we have our own data here. clearly that is very important. it is going to be -- data dependent and we're data dependent and i think there are some values still in the cyclical stuff. >> you made the case of late certainly that the onus is on the economy at this point to prove the taper should not happen. >> right. >> the rebound here, can i ask a question? when i went on vacation, good news was good news for the market. i was gone last week. was that still the case where data came in better than expected? >> we didn't get a lot of data. >> we didn't and there was the trade data that up lifted gdp. this is the big week. i think i
CNBC
Jun 20, 2013 12:00pm EDT
, ivy zelman, in a halftime exclusive. >>> mining for answers. what does china's manufacturing meltdown mean for stocks? a trader debate is ahead. >>> stocks falling hard and continuing that steep slide "today." the worst two-day drop for the dow this year. did ben bernanke kill the rally or is this the buying opportunity a lot of people have been waiting for? we're trading the fed fallout, what it all means to your money with joe terranova, josh brown, simon baker, and stephanie link. josh brown, answer that question. >> no, the rally has been killed. we haven't yet closed at a 5% connection yet but it looks like we're getting very close. what i would tell you is we've been beneath the 20-day moving average for almost a month now. so i think that rally that started from november has ended and now the only question is whether or not we're in a down trend or we're biding time until another leg up. i would tell you this is a massive carry trade unwinding. i would 234not want to be the ft one to dive in and say this is the worst it could get. it's the summer and clearly the markets are adj
CNBC
Feb 8, 2013 12:00pm EST
agree with that. >> china grew at 7% last year, the shanghai was down. greece had gdp shrink and the market was up 30%. how can we possibly say there's a statistical correlation to stock market -- >> you do want to be on the right side of the curve -- >> you want to be aware. >> more than aware. >> greece had shrinking gdp and its stock market went up 30% last year. >> right. but what's the six-month call on that? do you want to be on the wrong side of an expanding economy? do you want to be shorting the stock market into an expanding economy? do you want to be long into -- >> you want to be aware of it. but i don't think it's -- >> you want to be aware of lots of data. you don't want to look at one data point. >> especially one that's revised every single time it comes out. >> i agree with that. but you have to make a call on the direction of the economy. that's why i think the fourth-quarter discussion is important. let's see what happened this morning. the gdp -- the trade number came in much better than was originally estimated by the government. so what happened is you went
CNBC
Jan 31, 2013 12:00pm EST
think the fact that they've got china coming on and that we're likely to see some sort of new product introduction in march are reasons to be bullish about the upside. >> what's the problem? >> full disclosure we own the stock so i hope i'm wrong in this debate because we obviously hold it and it's been painful. so this is the situation. there's no catalyst in the near term so what we're dealing with is the gross margin issue, it's still an issue, right? four of the last quarter they disappointed. earnings the last six quarters, three have been disappointing. management credibility and that's a little strong, right, but questions about tim cook and team, and no real wow products at least in the near term so long-term i think you're right, very very cheap, a lot of cash. i hope they tell us something about cash and make acquisitions but in the near time it's a trading ring stock at best. >> doc the only metric that matters is it's gone from 705 to where it sits now in the fan of a few months. >> one of the things we talked about in december exclusively selling pressure people that want
CNBC
May 22, 2012 12:00pm EDT
have big exposure there and then focus on, say, a coach which is making such a big push into china? how do you reconcile those thoughts? >> i can easily see that. i think that uncertainty last as little bit and certainly there's a valuation point when people get interested in some of these names that do have european exposure but the u.s. companies with greater exposure in the u.s., whether it's coach or tiffany given the valuation where it's trading at now, certainly needs some increased innovation to drive the top line, will certainly is help. >> the best name in the luxury group is what? >> i think the best name on the european side in the u.s. we have coach and also you have the growth vehicle that continues to grow michael kors. ralph lauren was terrific and the sales growth was encouraging. >> dana, thanks, as always. dana telsey. >> i think she has points own on those. ralph lauren with his exposure in europe is pricey at these levels. the one i have been buying is phillip vanhausen trading at ten times. i think you have growth going into china as well as the growth of the tommy
CNBC
Jan 23, 2014 12:00pm EST
, tesla is a story of the auto sector getting attention today. tesla's model s will be sold in china for $121,000. tesla will sell the first model s in china starting in march or in april. they're still working out a few things. that's the expectation. they're already some being shipped over to china. guys, do not underestimate the importance of the chinese market for tesla. it is the number one market for luxury vehicles. it is going to be a huge market for electric vehicles. that combined is why a lot of people are excited about china when it comes to tesla. >> how is the price tag sound to you, phil? why is the stock down today? >> listen, i don't think the stock is down based on this. i think the price, 11,000, it's a steal over in china. they could probably charge more more than that and do well over there. $121,000 is going to sell very well in china. i would be surprised if they do not see strong sales. >> i was thinking maybe it was high. you know better than me. >> no. i mean, this is how it breaks down. $81,000, basically the same as u.s. you are going to pay more because the v
CNBC
Feb 5, 2013 12:00pm EST
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CNBC
May 9, 2017 12:00pm EDT
week. that's largely due to manufacturing weakness coming out of china. we can't talk about copper right now without talking about the china theme. how do you see data impacting the metal going forward? >> well, jackie, before we talk about that, let's talk about what copper up to the levels it was at. that was after trump was elected. a trillion dollar stimulus plan. it has pushed back to the wayside with health care and tax reform taking center stage. copper has come off. you mentioned the pmi data out of china. it was terrible, and that added to the slide, too. when you're not talking about a trillion dollar stimulus plan into this, i'm not surprised we're lower. >> scott, you're taking a look at the charts, the levels, what are the key points to watch? >> you're right with the 30% drop in april driving those imports to the lowest level in six months, that is really a queasy chart and with the pmi data out of china, they're not going it to get any relief soon. >> all right. today on "futures now" a packed show for you. we are joined by sven henrich. plussance it's yo amoroso to
CNBC
Jan 24, 2013 12:00pm EST
from ray lewis is what you're saying. meanwhile, the macro has been at our back in china, and here in the states. d.c. has given us a temporary breather. i wonder if and when those things come back to haunt us, if they do. >> they may well, and the thing that kind of disturbs me, you do this for 50 years and when i walk in a room, i look for the exit sign to make sure i'm ready in case things change. there is no geopolitics as far as i can tell priced into this market. we have had an israeli election, the president's hurled down the gauntlet in the inaugural speech. you've got things going on in the middle east that are border line crazy. it looks like iraq may be getting destabilized. not a tick here. not a tick. >> that's been your complaint for a while. >> and it has. and they still remain asleep. i cannot believe that that will continue for any length of time. >> i have a feeling we'll come back to this conversation and look at it later on. our thanks again for stopping by. art cash. that does it for us on "squawk on the street." back to headquarters as we hit noon. scott wapner a
CNBC
Mar 28, 2013 12:00pm EDT
news out of china in terms of tighter property controls, doing away with the balance sheet finance, and they have been trying to do away with that for a while. overall, we'll still trend higher. there's always the risk of a few percent down but that shouldn't keep you from the market. to josh's point, utility etf hit an all-time high today, and that's not typical of a bull market. >> b.k. >> yeah, certainly i tend to be more bearish here on the desk. going into the second quarter, in the u.s. we need to be concerned about earnings. act censure came out today, the largest consulting firm out there, they had bad earnings, their revenues were lower, they can't blame that on oracle's sales people. when i put that together with tbix, oracle, i see the slowing in the earnings picture. going into the second quarter, i would be concerned the market is a little ahead of itself. >> were you ready for the rally, b.k., surprised by it? >> listen, i have been surprised by this rally -- you mean just recently? i have been surprised by the rally for the last few months. >> for the last few months, it
CNBC
May 19, 2017 12:00pm EDT
the index and they're driving everything from advertising to sales in china. if we think about where we've come over the last year, from a fear things were falling apart in china and emerging markets were cratering, now, we see they're improving. these are all buyers of technology. u.s. companies they're buying. look at sales force today. the earnings i think a lot of that is because world markets are growing faster than people expected and so, tech is the way to play that. if you're a u.s. investor. to say this is one sector and they all kind of look alike. we know they don't. it looks nothing like facebook and anything whatsoever. think about the chip sector. nvidia doesn't look like qualcomm on micron. there's a little bit of something for everyone in tech. you want to be b a real high growth investor, you can be in amazon, nvidia, fabcebook. you want to be a big value investor, i am. so i like the cisco's, the qualcomms and intels of the world, but there's something for everyone in here. it's a little difficult to paint such a broad brush stroke for tech. >> i think overall
CNBC
Jul 9, 2015 12:00pm EDT
from what's taking place in china. big gains there. things have been completely unsettled. if that's the way of the world these days, i guess this is the kind of volatility we're going to have to live with for a little while at least. >> it's not out of character for this time of year, we've had some slippery summers. you remember the taper tantrum took place june, fixed itself by july. last summer wasn't a picnic, the biotech sector selloff about 20% from its high and spook a the love investors with speculative names. we average a 10% correction in the s&p, roughly every year in and a quarter. it's not totally shocking that we seem to be wanting a correction. i would tell you a burst of enthusiasm today, doesn't mean anything, we could be back into headline hell tomorrow. think the message is just get used to it it's okay. nothing wrong with volatility in a market. >> maybe we're going to get out of the shadow so to speak of what's taking place over in china. there's like zero correlation between what the chinese market does and what our markets do here at home. did we have some gig
CNBC
Nov 30, 2012 12:00pm EST
and raises big question is the run for the super china play over? one stock two opinions in a halftime debate. but first our top story. big money and the cliff as negotiations continue in washington. where are the nation's wealthiest investing? there are millions. let's ask the man who knows. keith banks is more than $200 billion in client assets and joins us in a halftime exclusive. great to have you here, keith. >> good to be here. >> what is your view as we look at all of the ji ratiomovements market minute by minute based on what is going on in washington how are you advising your clients? >> we just recently when the s&p got down to 13.60 went to an overweight in equities. the reason being we thought the majority of the bad news associated with the fiscal cliff fears were baked into the market give or take and the risk reward favored being more aggressive in stocks. >> the bottom line is you got more bullish, more recently looking for opportunity when maybe others were running for the hills. >> yeah. we're more worried about fixed income right now. i'll give you interesting number
CNBC
Sep 27, 2012 12:00pm EDT
coming out of china, very weak. i don't expect any stimulus there until the new regime gets their putting. but they have a ten-year run, so they can take their time. so i'm more caution yurs in the market than i had been. while being positive. i'm short iron ore. i don't think you play those. i think you have to be more on the consumer stocks in the u.s. economy. >> stephanie. >> trade what we were talking about with steve. what do you think? >> well, i think there are pockets in the u.s., for sure, and you're looking at about 1.5%, 2% gdp growth modeling along. there are strengths like housing, like consumer, like auto sales, like retail sales. we've talked about it. i think those are the names that you buy on pullbacks. i think that includes housing and banks and financials. i think you're going to see continued global easing around the world. there's all kinds of easing today that china is going to do something in front of their holiday. i don't know when it comes, but it's coming. i think that's why you want to be slowly picking at some of the industrials. you're at almost cha
CNBC
Oct 17, 2012 12:00pm EDT
all debating how hard a landing china should have. their stock market is back where it was in 2009. nobody in the u.s. cares because the stock market is near its high. stimulus does wonderful things if you're the best house in a burning neighborhood. >> dan, ibm usually gets a pass to your point. usually weakness is bought. we still look at it as a hardware company. we were told to look as a software service company. are we looking at this now as a cloud space and everyone is giving it the benefit of the doubt and in five years it's going to look a lot different than it was five years ago and now? >> i think what you really need to think about, when they missed the last four quarters, they were able to basically raise the eps, and they beat the eps by a substantial amount. this is the first time that, if you're sort of thinking, oh, it's got a big dividend and it's big and it's sleepily and it's safe, you actually had to question is it a good thing i'm in a company? their services business growth accelerated for the sixth straight quarter year over year. it's one of those things wh
CNBC
Dec 3, 2012 12:00pm EST
, ism, back below 50. josh pointing it out. upbeat data though from china, a place you look at closely. stocks, it's not like we're going down the tubes today. >> i thought we would have been a lot more because of not only china pmi but brazil. there is a lot in the last couple weeks, the data we have gotten has been mixed. particularly on the consumer side as well, because of sandy. so i think in the meantime, until we get a resolution, i've said before, i think you're going to be in a trading range. and i think into the strength of the market, you want to take some off, never bad to have some cash. but on these pullbacks, i think you want to be buying, because i actually think the economy is getting better, particularly when you look at housing, consumer, even auto and aerospace, all those data points point to 2013. >> are you buying the market on any pullback? >> i like the santa claus rally with josh and would be raising cash. i think the risk in the markets further on the down side than the up side. but when you see some real pullbacks, buy the stock if you like it. >> morgan stan
CNBC
Oct 8, 2015 12:00pm EDT
others what's going on in china to see if this rally will continue. >> where hasn't apple participated spshgs what's the message to the investors? >> right. that's been a huge disappointment. i mean, joy is talking about energy, and, yes, we had incredible amounts of energy. paper coming into last week. late last week. even into the beginning part of this week. we have not seen paper really in a bullish way coming in towards some of these names like an apple. apple just seems to struggle each and every day. i guess what they're waiting for is the proof will be in the pudding. yesterday we had an analyst on talking about apple. could be $100 stock or it could be $150 stock. tony was talking about apple, and he was saying, hey, look, it all depends on how well this phone really is the adoption cycle of the new phone. how well is that going? if it's strong, stocks will sprint to the up side. if it's weak, we're seeing something below $100 a share. that seems to be what everybody is waiting on right now. it seems to me that up side seems to be much greater, though, than the $1
CNBC
Mar 25, 2013 12:00pm EDT
make themselves more competitive. for all the talk about china, forget about china. sell your china and buy japan if you want to be in that part of the world because as they take their currency lower, export markets come alive and all the savers, they're going to have to start taking and look for risk opportunities they will do a lot better. going back to joe's comments on cyprus, let them go. i would say that we should let greece go, then we wouldn't have let cyprus as an issue. that was the failed opportunity. i think you can draw a hard line. as a kid, i'm grounding you for a week and then you say, i'm grounding you for a day. and then you say i only give you 20 bucks instead of 40. you can't keep doing it. at some point discipline has to be imposed. i think the euro is tremendously overvalued. the only reason draghi held 25 bits in his pocket is because he knows he needs to use it. >> they have, what, another meeting on april 4th? >> we'll see what he has. >> i don't think he will do much. i think you're right, it's over valued. at the end of the day they need to let it go. havi
CNBC
Oct 10, 2012 12:00pm EDT
, china's slowing, fiscal uncertainty, i could find others. >> you know, and they're all there, and like i said last time we were on, i could make a hell of a negative case using those things, but they were all absolutely true in second quarter earnings, yet here we are at the peak we're up 15%. so, again, the market correlates to the direction of earnings, the direction of earnings is driven by economic activity. driven by the availability of money, that's driven by the fed policy and that's driven by inflation. and all of those are historically in favor of equities, so when we get these pullbacks, until you have money availability begin to shrink and even begin to tighten, it's still getting better, you want to be buying those kind of weak periods. >> joe terranova, you first. >> they see at the end of 2013, they see the end of this year 1,250, how completely ludicrous is that we would see such a significant drop from where we are now at 1,430? >> again, you know, in high-frequency world. and i missed a good chunk of the decline last year, but, again, our conviction level goes very high.
CNBC
Jan 10, 2013 12:00pm EST
since last september. >> hey there, scottie. good news out of china is good news for crude, right? the question is how are trading playing that news? jim, i want to start with you. is $100 for a barrel of crude right around the corner? >> i don't think it's right around the corner. i believe the china story is really, i believe in the domestic story here and i think saudi arabia wants to support the price of oil. i don't believe in buying crude when it's up 10.5% over the last couple of weeks. clearly the market has priced in a lot of that stuff. i'll be wrong if crude can go above $95 a barrel and feel comfortable there for a couple of days, then possibly i'll be in. i think you get better levels to buy probably and 90.50. >> do you feel it's overdone at this level? >> i absolutely feel it's overdone. wti showed a 30 million barrel sur applause year on year. even though the china dat ya yafs -- data was good, the eu posted information that was credible. we're going to hit resistance around 94.50 in that area. i'm going to sell it the first time out. >> don't you see $100 by summe
CNBC
Jun 23, 2017 12:00pm EDT
level >> to own this, you have to have a positive view on u.s. and china construction, mining activity and oil and gas capex that's just the basics of owning the industrial sector right now. if you have a negative view on any of those, which you could if you don't think the infrastructure package is going to get promoted, passed through, whatever, then you can't own the stock. >> i'm sorry, kate, 20 sometimes this stock traditionally is 14, 15 -- >> i'm not talking about the stock, i'm just talking about the space. >> i think the bigger thing is not just about an infrastructure package coming out of d.c., which we agree is going to be delayed. and also, which we have to understand, will take a lot of time for my kmouany money comino d.c. to actually flow through the sector this is about business sentiment. and if we have a follow-through from a lot of the sentiment voi surveys that have come out -- >> through the roof. >> but small business owners don't mobilize huge pieces of capital and machinery. small business owner sentiment is great and i agree, they love trump. there's no questi
CNBC
Jun 14, 2012 12:00pm EDT
other day about growth? >> actually not. i was a little bit more relieved. china was slow. that's going to change i think over time with their rate policies. s japan was weak. expectations are low. >> everyone has heard me say it, i love this stock. that's the only reason i own this. >> mike murphy, how would you play the strong dollar? >> i think buying a name we're seeing a lot of fundamental, positive news on is target. the stronger dollar will trickle down. it's had a nice run. >> thank you very much. coming up on "the halftime report" a beaten down tech stock value plays or value traps? our traders make the call. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover anot
CNBC
Sep 6, 2017 12:00pm EDT
it in the same way that china did in the 60s [']and then pakistan and india came in. now, it's a pretty tough regime to deal with, but the market needs to get used to it. that was 7 to 8 basis points in the ten year i'm not as worried about the debt ceiling because i don't think politicians can play with the debt ceiling with these two harvey and now irma. so that leaves the big one that we haven't discussed today the tru trump trade. i think the way that trump is just berating his own party right now is putting the whole concept of tax repeal in question personally i think it will be fine but i don't think that the bond market thinks it will be fine. and to your earlier question, would the asset market be fine if the ten year broke 2%, i'd say no stocks would dump because there would be a reason. >> i'm surprised that you think stocks could continue to go up >> i think it depends why the ten year is breaking 2%. >> we'll never know a reason why. do you know definitively why it's at $2$2.06? >> i think if the debt ceiling does not get done, yes, stocks will go down but we've seen
CNBC
Nov 27, 2013 12:00pm EST
people go to, sanderson acquired -- being acquired by china. i, on the other hand, judge, would alert folks to the fact that black friday is normally when i like to sell the retailers. so i will be doing that next week, taking my profits, getting out of retailers, because this is the run that you waited for. they say buy rumor, sell news. >> last up, a question from john wanting to know if there's any indicators, simon, of a market top, i guess technical or otherwise? what do you see? >> well, that's a massive question to answer, in, like, two seconds. basically, the macro, the tentacles, fundamentals, macro out of play, europe all right, china looks good. fundamentals here, the fed hasn't stopped tapering yet, so you look at the technicals, and they're starting to look weaker. the number of stocks hitting 52-week highs is weaker. more rotation in the numbers. taking a neutral stance. 30% in cash. up 27% year-to-date. quarter to date, 4.2%. the market doesn't go up all the time. that's an indicator you need to take money off the table. >>> oil trades to the lowest levels since the beg
CNBC
Jul 18, 2013 12:00pm EDT
the name today. the reason is i think that all the negative news on china is priced in there. i think the stock is going to rebound. they've been buying back stock, increasing the dividend. now is the time to get long. >> michael -- >> joshua. >> where do i begin? first of all, valuation is not a catalyst. we have no idea what future earnings are going to be. all we know is this company routinely misses their estimates and then misses guidance and guides lower. they will continue to do it to you because they're a company not in control of their own desti destiny. all i need is for china to continue what they've been doing and have publicly stated they are deliberately slowing down infrastructure spending. unfortunately for caterpillar, they have no choice but to bear the consequences of that and, by the way, when china slows down, latin america slows down, europe slows down. it hits the whole world. it's a great company. i see the support at $80. i got to tell you, you better pray that holds if you're long this name because if it breaks down, things get really sloppy really quickly. >
CNBC
Mar 21, 2013 12:00pm EDT
if not for the slight uptick in china so i think that we can look at these little companies' specific issues, but truthfully, the big picture, don't have enough oomph right now to truly break out to a new range. >> you look at this. the economic data that continues to come out and continues to tell a pretty good story in the united states >> the philly fed numbers, that was pretty good. >> the best thing we have going for us. >> only two weeks, really great positive job numbers that came out. the retail numbers that came out last week. >> kind of my point here is that the story that you guys have been telling and people have been saying about this house being the best one in an otherwise bad neighborhood, that story still plays. there are investment opportunities that will still work here in the united states. that's why our market is holding in in the face of some of this negative news. >> here's the problem with that, though. we know that in the end there really is no such thing as decoupling. it's not something that truly exists anymore in this globalized world, so at a c
CNBC
Jan 22, 2013 12:00pm EST
. >> caterpillar did kind of a sneaky move. late friday they announced an acquisition they made in china had some bad accounting. i think this works fine. it's a small deal for them. caterpillar is fine. >> j.b. give me the take on new skin. >> so dan lobe is a actually not a fan of multilevel companies and the stock opened down. but it's coming back on the day. we don't have any confirmation there what the position size is. >> joey, the read on travelers? >> it's a name i owned for much of 2012. got shaken out after sandy. excellent report, the insurance companies look strong. they're strong in auto, even in business insurance itself. pricing looks good here. i think this is very favorable also for aig potentially. >> okay. and a big drop for gas clouds. that's right. here's the story that's causing a pretty big stink over europe. people awoke to the unpleasant smell of rotten eggs and sweat. i it's being attributed to a gas leak and now it's spread over 220 miles and has been dubbed the great french stench. >>> all right, coming up on the half, the biggest names in finance and politics are
CNBC
May 24, 2012 12:00pm EDT
, the political and budget impasse here in the u.s., as well as some concerns about where china's growth is headed, all of that, he said, is contributing to what he calls a dampening of activity and enthusiasm in the economy. scott, back to you. >> all right, mary, thanks so much. mary thompson outside the goldman meeting. as we head to break, we're going to trade all of the banks after the break. but take a look at the nasdaq 100 here, at session lows, leading stock index declines. net app f5, joy global dragging the most on the index. coming up, tis the luxury boom going bust? shares of tiffany plunge. much more "halftime report" on the way, including the banks. how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. [ engine t
CNBC
Mar 19, 2012 12:00pm EDT
like china and the developing world, hey has been a major growth engine even for u.s. stocks that's also facing some challenges. so that's on the one hand. that's a headwind for u.s. stocks. and generally speaking support for bonds. on the other hand, what you've seen with the stabilization of what's going on in europe or the european central bank you've seen a reduction in fear. you've seen a reduction in anxiety as a result of that people are more confident about buying of stocks. and bonds have sold off a little bit. so so far this year the story is, we have the relief in investor anxiety basically offsetting, more than compensating for the challenges that we're seeing on the growth side. what i would say basically is that if bonds, if the economic news continues to progress, what you're going to see basically is bonds rally. and i would expect bonds to sell off a little bit in that environment. >> where are you advising your wealthy clients to put their money these days? what parts of the market look attractive? >> we're trying to have our portfolios play both defense and offens
CNBC
Jul 17, 2013 12:00pm EDT
year ago, they said do not talk about china. so i dutifully gave an iconic american company, hewlett-packard, that has not done well in the intervening year other than the 40% drop it suffered in the first six months i gave the idea on accounting concerns. i will just briefly touch on the fact we are still short hewlett-packard for all the reasons we gave you last year and the extra reason now that the services business that everybody loves and i referred to this morning on "squawk" i think is beginning to deteriorate as well. and all you need to do is look at what ibm and accenture and others have said and at the end of the day services is tied to hardware and that's a business that is going to be declining as well. so for everybody that hopes and prays that hewlett and dell and others have a savior in the services business, i think they're going to be disappointed. but enough about that. let's take on another iconic american company and talk about china just a little bit. i believe that the commodities super cycle which has been built on the back of the chinese construction boom is
CNBC
Dec 28, 2012 12:00pm EST
to be exposed to china. we think the soft landing is real. we stabilized the 7.4 print in q 3 we think was the bottom. all of those things lead us to be believers in the china story. on europe we've been early and big believers in the draghi road map. yes they're in a mild recession. we think they come out of it in the second half. >> which is why i'm going more toward the second half. >> but the debt markets, the sovereign credit markets we think remain stable. and u.s. equities are more correlated to the spanish and italian bond yields than they are to european gdp. we likehe european influence next year. >> let's say your focus is more on the united states right? if you're buying stocks, you believe your thesis that we're going to get to 1550 at a minimum consumer discretionary is tops on your list the second best performing sector this year behind financials. you think that continues to work why? >> we've seen profit taking on the cliff but by the same token this is an area that has the most to gain if we get a cliff deal and that is our base case. we also like industrials. t
CNBC
Mar 8, 2013 12:00pm EST
mickey d's and put it in yum which sold off because of the scare because of chicken in china. >> yum's got issues not only in chicken -- >> horse meat, taco bell came out. >> i just don't think that yum is the china story anymore that it was. it's gotten very tense. the whole qsr space is extremely competitive. and mcdonald's, we don't know what the new ceo is going to do, even though he's been there for 20 years. >> well, i mean the read on him now is that he's done a darn good job. right? i mean he came in. it's like, you know, the guy following mickey mantle, and you know, okay, he looks pretty good. >> i think the space, it's very difficult, i don't think a 3% yield under that scenario is -- >> he's a phenomenal manager, the dollar menu, the value menu, he's doing everything right. thompson. there comes a point where you've gotten yourself where you need to be. >> stay at home with the -- >> now that we have are the rules of the bank stress test. which ones are worth buying right now? kbw's chief equity strategy, welcome back to the halftime show. >> great to be on. >> what do you
CNBC
May 13, 2013 12:00pm EDT
today. that adds to what the fed has been doing over the last several years. even china last year with the targeted plans. this will lead to the second half of 2013 or 2014 better growth, better visibility. that means capex budgets start to improve, businesses start to invest and that benefits the cyclical stocks the most. i think you've had a pretty decent ism pmis around the world, as well. banks are in very solid shape. >> and they have, and it was clearly after the labor report where this call by all the investment banks basically said go into cyclicals. the problem i have is the central banks keep orchestrating all these evc monetary policies but we're not seeing the global growth reflected. >> yet. >> yet. and the concern i have is all of these portfolio managers that shift out of what's working right now which is clearly the consumer staples. and the reason you're seeing the multiples -- >> they're getting expensive. >> back in the '90s, scott, the multiple on consumer staples was above 20. right now the multiple on consumer staples is 19. i don't want to make the move right now
CNBC
Jan 14, 2014 12:00pm EST
bear. >> i think the bash case is well-known at this point. there's a lot of exposure to china. a lot of exposure to coal. that is not looking as good as it had in prior cycles. i understand all of that. as warren buffett is fond of saying, the news hasn't gotten any better but the prices sure have. this is a stock with 3% yield selling at ten times earnings. had a huge rally off the bottom last summer of almost 50%. it's digesting the gains since then. has not gotten off to a good start this year. i got to tell you something. you still have 30% of the float short. they have not covered from those summer lows. quite frankly, i think we're at a point where the estimates and the negativity surrounding this stock are over -- about to change. >> with all due respect to warren buffett it's not about price, it's valuation. >> i think that's what he meant. but continue. >> i'll try and clear it up to for you. >> sure. >> value you asian has not improved. they got joe cash. going to do away with the yield. if you focus on this headline here, china's increasing there large capacity by 100 mill
CNBC
Mar 26, 2013 12:00pm EDT
and continued kind of stabilization in china. europe, i think, is certainly going to hear a lot of companies say deceleration back to that, and we'll see how these stocks can handle that. in the meantime, we're still focusing on what we've been focusing on. housing, commercial, u.s. commercial construction. i still think technology is the contrarian play. that's where we've been putting some money. also yield. and to pete's point, we initiated a position in merck yesterday and johnson & johnson today. >> people down at cup where i was in florida, seem bullish. big investors down there. bullish on u.s. equities right now. are you? >> no, i'm short the s&p 500. i don't think the economy looas. when i loon look look under the hood of the data, when you take out the boeing anomaly, you had a decline. consumer confidence is atrocious. oracle, fedex, caterpillar. they have not been good. maybe they're stock specific, maybe they're company specific. as we get into earnings season, we will find out more. and europe is not fixed. it is a big, big problem. it is just quiet for a little bit.
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