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Some investors are buying the dip in the latest tech selloff. Kevin Green discusses how commentary from Anthropic's Dario Amoedi and OpenAI CEO Sam Altman ignited fears of AI development and ways he sees the news moving stocks in the industry. It comes as the stock market braces for the Fed's interest rate decision Wednesday, with Wall Street pricing in a hike. KG tuns to crude oil's price surge near $105, a level he sees as a strong resistance level for the commodity.
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Andrew Kotliar, founder and partner at MEP Capital, examines the role of private credit in the sports and entertainment industries, the rise of specialization in private credit and the mechanics of financing a media library. Andrew also takes a closer look at the potential long-term value of content creator media libraries as the creator economy continues to grow.
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Analyst upgrades and downgrades take Diane King Hall's attention to start a volatile trading week. She explains why JPMorgan is double upgrading IREN (IREN) while Evercore ISI is downgrading HPE (HPE). In the crypto space, Coinbase (COIN) rallied after Compass Point upgraded the stock.
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Chuck Lieberman of Advisors Capital Management discusses the FOMC's upcoming rate decision amid current inflation and strong growth, and explores AI's impact on the economy and market breadth. He highlights REITs like Omega Healthcare Investors (OHI) and Healthpeak Properties, favors money center banks Citigroup (C) and Wells Fargo (WFC) for their recovery stories, and contrasts the lower-risk appeal of oil pipelines against AI investments.
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With all the volatile headlines hitting the AI trade, Jed Ellerbroek discusses the rollout of AI models and impacts to U.S. GDP relying more and more on data center buildouts. He calls the stock market moves Monday morning a "kneejerk reaction." Jed later explains his bull case on Microsoft (MSFT) due to ways the Mag 7 company ties its legacy tech suite to its cloud growth. He also believes Nvidia (NVDA) will continue to gain more market share and still has an attractive valuation.
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Kevin Hincks discusses Anthropic co-founder Dario Amodei's call that AI is growing too fast and its impact on markets. As Kevin highlights, some Big Tech names are still higher even though shares of Nvidia (NVDA), AMD Inc. (AMD), and Micron (MU) slid on Amodei's commentary. He turns to crude oil's "snapback" rally following a Friday selloff after key oil infrastructure was struck over the weekend. Kevin then looks ahead to this week's FOMC interest rate meeting and makes the case for a hold in September.
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Affirm (AFRM) still has some technical repair ahead following the company's post-earnings rally and selloff on the same day, says Rick Ducat. He takes investors through his technical analysis of the stock by highlighting key levels to watch in the chart. He then turns to options activity and an example trade in the fintech stock.
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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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Between AI safety risks, crude oil's price spike, and political polarization, Michael Rosen still believes the stock market remains in good shape. He doesn't expect corporate profits bolstering earnings to be impacted much, if at all, by energy fluctuations and a multi-year-high in the 10-year Treasury yield. Michael tells investors to stay diversified as he projects volatility to continue, highlighting healthcare as a corner of Wall Street with opportunities.
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While investors are selling off stocks tied to the AI trade over the rise of safety questions, Matthew Caruso believes the industry has much more room to run. He sees the selloff as an "overreaction," though not entirely unwarranted, saying there needs to be regulation on AI's growth. Matthew's top stock picks include AMD Inc. (AMD), Dell Technologies (DELL), and HPE (HPE).
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A "warnings sign" for a momentum reset in Okta Inc. (OKTA) is on Rachel Dashiell's (Charles Schwab) mind when looking at the short-term trading action in the stock. She discusses how the recent moves play into the long-term outlook she sees for shares.
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