Trade Tracker: Kevin Simpson buys Jabil, more Caterpillar and sells Apple covered calls
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
The Home Depot, Inc. (HD)'s On A 'Buying Spree,' Says Jim Cramer
We recently published . The Home Depot, Inc. (NYSE:HD) is one of the stocks Jim Cramer recently discussed. The Home Depot, Inc. (NYSE:HD) is a frequent appearance on Cramer's morning show. Cramer is generally optimistic about the firm and has praised its business model in earlier appearances. The CNBC host has also bemoaned the impact of high interest rates on the gardening market which led The Home Depot, Inc. (NYSE:HD) to miss out on some very important gardening season spending this spring. His latest comments revolved around the firm's announcement of a building products firm for a $4.3 billion price tag: 'Home Depot's been on a buying spree. They bought SRS, they bought GMS. Should we be thinking about what Home Depot's going to do?' A home improvement store overflowing with a variety of products and supplies. Earlier, Cramer commented on the broader headwinds that The Home Depot, Inc. (NYSE:HD) is facing: 'Next up, retail. Oh man, it's all over the map, but for the most part, the stocks are awful. Kohl's looks so troubled. Macy's can't get out of its own way, closeout stores Ollie's just downgraded. Burlington, Ross, TJX, all trading terribly. Target's been clobbered. Home Depot, ouch. I like it, but it's very, very hard to own with such a horrendous housing market and a miserable garden season. If you want to own Home Depot, you have to hold your nose and buy it in anticipation of the rate cuts from the Fed. That's what we're doing for the Charitable Trust, but it's a struggle…. We are sticking with it.' While we acknowledge the potential of HD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
2 hours ago
- CNBC
Ethereum succeeded beyond anyone's expectations, says network co-founder Vitalik Buterin
CNBC's MacKenzie Sigalos provides an inside look at the Ethereum Community Conference taking place in Cannes.
CNBC
2 hours ago
- CNBC
Slam dunk? Fundstrat's Tom Lee considers two new themes for his Granny Shots ETF
Long-time market bull Tom Lee is considering two new themes for his Fundstrat Granny Shots US Large Cap ETF. On CNBC's "ETF Edge" this week, he revealed sovereign security could soon make the cut. "It's now evident to me that the mechanisms are in motion for companies to really fix their supply chains within a sovereign border, and that's a change," the firm's chief investment officer said. "That's not going to just be one or two years." He's also looking at Gen Z. Lee compares the generation to millennials, who he called "the engine" of the market when Fundstrat first began researching themes seven years ago. "That means we need to be focusing on Gen Z and then Gen Alpha, so we might have to evolve our demographic theme to kind of orient towards the younger cohorts," he said. "It may not be for a couple years, but I'm kind of sharing our thought process." Lee's Granny Shots ETF was inspired by NBA legend Rick Barry's awkward free throw style. 'If you buy the best stocks in each theme, then you're hanging your hat on a single idea. So we said, 'Let's be like Rick Barry. Let's do a correct physics basketball throw, underhanded,'" said Lee. "It doesn't look great, but it makes 90% of the shots." According to Lee, the ETF's strategy starts with seven themes Fundstrat predicts will define the market over the next 10 years — from millennials to energy security. To be considered a granny shot, a stock must fit at least two of the themes. "We're not buying junky stocks. We want to make sure that they generate earnings and high ROIC [return on invested capital]," Lee said. "We rebalance every quarter." So far, the Granny Shots ETF, which was launched on Nov. 7, is scoring investors. In May, Fundstrat reported the ETF crossed the $1 billion in assets under management milestone. As of last week, Lee said the fund grew to $1.3 billion. Since its launch, the ETF is up 13% as of Thursday's close. The fund is beating the S&P 500 so far this year. It's up almost 15% since Jan. 1 while the index is up about 7%. As of July 3, Fundstrat reports its top three holdings are Robinhood, Oracle and AMD. Independent ETF expert Dave Nadig said he's observed recently that ETFs with active management styles are gaining traction. "Tom's very much a part of it," Nadig said in the same interview. "I think having an active management overlay, both on the stock selection and the thematic part, can make a lot of sense for investors. It's certainly easier for investors to understand."
