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CNBC
18 minutes ago
- CNBC
KPMG's Diane Swonk explains why the employment rate has remained low
Diane Swonk, chief economist at KPMG, and CNBC's Steve Liesman join 'The Exchange' to discuss the possibility of a rate cut, the shrinking labor force, and more.
CNBC
18 minutes ago
- CNBC
Here are 3 reasons we are not going to buy stocks in Friday's nosediving market
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves : The S & P 500 was dropping almost 2% on Friday as weak jobs and new tariff levels unsettled the market. After closing at a record high on Monday, the index was set to finish the week on a four-session losing streak. While some of these lower stock prices were tempting, we are not going to make any buys on Friday for three reasons. First, the monthly jobs report plays a significant role in our outlook and worldview, and the weakness over the past three months — especially after the downward revisions — is a concerning signal. Second, the impact of the tariffs is still unclear. Third, there are obvious signs of greed following Figma 's 250% increase on its first day of trading on Thursday. We would like to see some of that froth leave the market. So, heading into the weekend, we're watching the market closely with our big cash position, waiting to pounce if even more attractive prices emerge next week. Earnings season : As our CNBC colleague Robert Hum points out, 81% of S & P 500 companies that have reported quarterly results so far beat earnings estimates. This is the highest beat rate since the third quarter of 2023. For context, Hum said we usually see a beat rate somewhere in the mid to high 70% range. On the revenue side, 79% of companies reported beats, representing the highest levels since the second quarter of 2021. Next week : It's another important week of corporate earnings, with about a fourth of the S & P 500 set to report. Six companies in the Club portfolio are on the schedule: Coterra Energy , DuPont , Eaton , Disney , Eli Lilly , and Texas Roadhouse . On the data side, expect the major economic reports to face a greater level of scrutiny following Friday's soft jobs report and ugly downward revisions. Some releases to be on the lookout for next week are factory orders, capital goods orders, the ISM services index, and weekly jobless claims. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Yahoo
36 minutes ago
- Yahoo
Roblox Q2 Earnings Beat Sends Leveraged RBLU Soaring
Roblox Corp.'s (RBLX) strong second-quarter earnings drove a 23.7% surge in the T-REX 2X Long RBLX Daily Target ETF (RBLU) Thursday, with the gaming platform also held as a major position in gaming and Web3 funds. Roblox reported $1.4 billion in net bookings, up 51% year over year, beating analyst expectations of $1.2 billion, according to CNBC reporting. Daily active users reached 111.8 million, up 41% year over year, while hours engaged jumped 58% to 27.4 billion. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA Roblox's presence across multiple fund strategies reflects the company's evolution beyond traditional gaming, with CEO David Baszucki targeting 10% of the global gaming content market through investments in infrastructure, discovery and virtual economy development, according to CNBC. RBLU aims for 200% of Roblox's daily price movements through swap agreements and has posted a 330.1% year-to-date return since launching March 4, according to FactSet. The leveraged fund has attracted $3.4 million in net flows with $6.3 million in assets under management and a 1.05% expense ratio. Gaming and Web3 Funds See Earnings Boost The Roundhill Video Games ETF (NERD) holds Roblox as its third-largest position at 9%, behind Nintendo Co. (NTDOY) at 12.4% and AppLovin Corp. (APP) at 11.3%, according to FactSet. The fund tracks a modified market-cap-weighted index of globally listed video game and eSports companies. NERD has posted a nearly 28% year-to-date return with $24.6 million in assets under management and a 0.5% expense ratio, according to FactSet. The ETF experienced net outflows of around $379,000 year to date despite positive three-month inflows of about $665,000. Roblox also ranks as the second-largest holding in the Bitwise Web3 ETF (BWEB) at just over 9%, trailing only Coinbase Global Inc. (COIN) at 10.4%, according to FactSet. The fund provides exposure to Web3 technologies through companies positioned to benefit from decentralized finance, infrastructure, creator economy, metaverse and governance themes. BWEB has generated a 28.9% year-to-date return with $4.5 million in assets under management and a 0.85% expense ratio, according to FactSet data. The Web3-focused fund has attracted inflows of about $5,000 year to date. RBLX & Gaming ETF Comparison Fund T-REX 2X Long RBLX Daily Target ETF (RBLU) Roundhill Video Games ETF (NERD) Bitwise Web3 ETF (BWEB) Issuer Tuttle Capital Management Roundhill Investments Bitwise Asset Management AUM $6.3M $24.6M $4.5M Expense Ratio 1.05% 0.5% 0.85% 1 Month Performance 70.6% -5.3% 6.3% Year-to-Date Performance 330.1% 28% 28.9% Source: & FactSet Data Roblox raised its booking guidance for the third quarter to between $1.59 billion and $1.64 billion, compared to FactSet expectations of $1.42 billion, according to CNBC. The company reported a net loss of $279.4 million, or 41 cents per share, compared to a loss of $205.9 million, or 32 cents per share, in the same quarter last year. The platform recently rolled out age verification tools to address regulatory pressure on gaming companies to improve safety for younger users, according to CNBC. Chief Safety Officer Matt Kaufman said the tools will help create more mature content opportunities to retain teens and adults on the | © Copyright 2025 All rights reserved Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
