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The AI trade wavered soon after Monday's opening bell, seen in CoreWeave (CRWV) pulling back to the flat line following strong premarket price action. Kevin Green discusses the standout tech movers he's watching, along with the added macro pressures from crude oil volatility. The NAHB housing market index plunged to its lowest level since June 2012, something KG says reflects the "almost recession" conditions he sees in housing.
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Jay Hatfield says the tech selloff was largely a rotation and believes strengthening earnings can push the S&P 500 (SPX) toward his 8,000 target. He discusses risks from Fed policy and France potentially leaving the eurozone, while highlighting opportunities in Marvell (MRVL), Amazon (AMZN), Alphabet (GOOGL), Bank of America (BAC) and KKR (KKR). Hatfield names Marvell as his top tech pick and sees the stock reaching $400 over the next two to three years, while also explaining his Nasdaq call-writing strategy.
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Cleveland-Cliffs (CLF) is back in black as seen in the latest earnings print. Datadog (DDOG) gets an upgrade from Bernstein on expectations of faster growth. Morgan Stanley boosted its price target for Amazon (AMZN) and named the stock a top stock pick. Diane King Hall turns to the top market movers at the start of Monday's trading session.
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Steven E. Orr discusses why he’s buying the dip after taking profits ahead of the tech selloff, including adding SpaceX (SPCX) and D-Wave Quantum (QBTS). He sees cybersecurity as a major opportunity as AI creates new security threats, highlighting Cloudflare (NET), Zscaler (ZS), Palo Alto Networks (PANW), and Akamai (AKAM). He’s also watching Tesla (TSLA) and Meta Platforms (META) earnings while cautioning that the tech rebound could still be a relief rally.
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AI is rebounding and crude oil is cooling after the former sold off and the latter rose last week. Kevin Hincks discusses the key movers on his radar to start the trading week as investors brace for several Big Tech earnings. Among the names on the docket: Tesla (TSLA), SpaceX (SPCX), Meta Platforms (META), and Netflix (NFLX). Keep on eye on the housing market as well, with Kevin pointing to key data expected to hit the wire.
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Intel (INTC) shares have taken a beating in recent weeks as investors reevaluate exposure to the AI trade. Tom White turns to the key levels to watch in the stock's one-year chart to show where bulls can find their footing. He then looks at an example options trade for Intel.
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Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6D
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Edison Byzyka remains bullish through year-end, citing a resilient labor market and consumer despite weak sentiment, higher yields, inflation and geopolitical pressure on oil. He discusses how the midterms could shape markets and says JPMorgan Chase (JPM), Wells Fargo (WFC) and Goldman Sachs (GS) earnings still point to healthy consumers, although guidance is softening. He warns persistently high oil and diesel prices could reignite inflation, while weaker earnings guidance, particularly around AI, could eventually trigger a needed market correction.
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Diesel woes will take some time to "work their way through the system," says Matt Lekstutis, who discusses some of the key long-standing issues facing energy and transportation companies. He addresses the question: is management behind these firms aware of the disruptions and have plans to face them? Matt explains how the bottom lines of these companies will be hit if proper precautions aren't taken.
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Datadog (DDOG) rallied into a new trading week thanks to an upgrade from Bernstein. Patrick Ciummo of Charles Schwab takes investors through the 30-day chart to show key nodes the stock is fluctuating between. On the one-year chart, he highlights key levels investors should watch if consolidation breaks.
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Kevin Green offers a look into Monday's trading session ahead of the opening bell with a glimpse at the commodity trends and a rebound in AI stocks. A rebound in CoreWeave (CRWV) is leading the way for a more favorable session for tech, but KG warns that volatility trends continue to tick higher. Brace for a slew of Big Tech earnings throughout the week with Meta Platforms (META), Tesla (TSLA), and SpaceX (SPCX) all reporting.
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