Tim Seymour reveals global 'Mag 7' for U.S. investors as international markets outperform
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CNBC
25 minutes ago
- CNBC
The charts are showing these oversold stocks could be due for a bounce, says Katie Stockton
The S & P 500 Index (SPX) has gained 31% since the April low, breaking out to new highs in a bullish long-term development. The gains have been largely driven by large-cap technology stocks like Nvidia (NVDA) and Microsoft (MSFT) , which are up about 100% and 48%, respectively. These names are relatively overbought, along with much of the market's leadership, versus the SPX. We think there is greater appeal in relatively oversold stocks as the rally broadens. One sector that is relatively oversold and has a fresh technical catalyst is utilities. The PHLX Utility Sector Index (UTY) is breaking out to new all-time highs, resolving a six-month trading range to the upside. The chart has the look of a long-term cup-and-handle pattern, which we find to be a high-probability technical setup for upside follow-through. The weekly MACD is positive and diverging, which suggests overbought conditions will be absorbed well. Within the utility sector, the chart of Consolidated Edison (ED) is compelling because it has oversold indications in absolute terms and relative to the SPX. There is a new upturn in the weekly stochastic oscillator from oversold levels, which tends to be a bullish intermediate-term development. The DeMark Indicators also show signs of downside exhaustion relative to the SPX that support improved relative performance in the coming weeks. ED is in a cyclical uptrend above support from the weekly cloud, near $97. The prevailing bullish trend increases conviction behind the intermediate-term oversold signal. An intermediate-term upside objective for ED is defined by the April high, near $113. A daily chart shows ED rising above its 50-day MA, near $102. A breakout is likely to be made decisive since short-term indicators like the daily MACD point higher. Short-term momentum has been improving for several days, and the daily stochastics have a bullish 'pop' in support of near-term upside follow-through. The first level to watch on the upside is May's gap, which would be filled up to $107. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. This material is for illustration and discussion purposes and not intended to be, nor construed as, financial, legal, tax or investment advice. You should consult appropriate advisors concerning such matters. This material presents information through the date indicated, reflecting the author's current expectations, and is subject to revision by the author, though the author is under no obligation to do so. This material may contain commentary on broad-based indices, market conditions, different types of securities, and cryptocurrencies, using the discipline of technical analysis, which evaluates the demand and supply based on market pricing. The views expressed herein are solely those of the author. This material should not be construed as a recommendation, or advice or an offer or solicitation with respect to the purchase or sale of any investment. The information is not intended to provide a basis on which you could make an investment decision on any particular security or its issuer. This document is intended for CNBC Pro subscribers only and is not for distribution to the general public. Certain information has been provided by and/or is based on third party sources and, although such information is believed to be reliable, no representation is made with respect to the accuracy, completeness, or timeliness of such information. 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In addition, any opinions and assumptions expressed herein are made as of the date of this communication and are subject to change and/or withdrawal without notice. Fairlead Strategies or its affiliates may have positions in financial instruments mentioned, may have acquired such positions at prices no longer available, and may have interests different from or adverse to your interests or inconsistent with the advice herein. Any investments made are made under the same terms as nonaffiliated investors and do not constitute a controlling interest. No liability is accepted by Fairlead Strategies, its officers, employees, affiliates, or partners for any losses that may arise from any use of the information contained herein. Any financial instruments mentioned herein are speculative in nature and may involve risk to principal and interest. Any prices or levels shown are either historical or purely indicative. 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CNBC
25 minutes ago
- CNBC
Jim Cramer says buy these 2 cybersecurity stocks in the wake of Microsoft's attack
CNBC's Jim Cramer said Monday that a pair of cybersecurity stocks are "big winners" following a cyberattack on Microsoft's SharePoint software. Speaking on "Squawk on the Street," Cramer identified both CrowdStrike and Palo Alto Networks as stocks to buy in light of the Microsoft incident that surfaced over the weekend. The software vulnerability enabled hackers to launch a major attack on U.S. government agencies and universities, among other parties, The Washington Post reported . "All I can tell you is the feedback is these companies have another wave of calls .. that then become clients, so you buy these," Cramer said shortly before Monday's opening bell. "You buy these aggressively because people did not know, once again, the vulnerabilities and you can't figure it out yourself." Plenty of investors are doing just that, with shares of Palo Alto Networks up around 3% Monday and CrowdStrike adding more than 1%. Microsoft's stock was relatively flat in the session. Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, owns a stake in all three companies. In a security alert on Saturday, Microsoft acknowledged the attack and said it only affected versions of SharePoint that companies run using on-premise servers, not the cloud-based version of the collaboration software. Still, thousands of organizations are exposed to the risk. Microsoft has released security updates for two versions of the SharePoint software. However, as of this writing, an update for the 2016 version is not available yet, according to Microsoft's website . The cyberattack is being described as a "zero-day attack" because it exploited a previously unknown flaw, allowing attackers to gain full access to SharePoint servers, enabling them to read, manipulate or delete content. When major security incidents occur, "what happens is you don't know who to call so call Nikesh Arora, [the CEO of] Palo Alto. You call George Kurtz [of CrowdStrike]. You say, 'Help me," Cramer said. "Microsoft is frantically trying to do a patch. These guys are frantically getting customers," Cramer added. The Microsoft attack underscores the growing security risks faced by organizations — and that's precisely why Cramer believes cybersecurity companies are an essential part of investors' portfolios. He believes CrowdStrike and Palo Alto are the best two around. CrowdStrike's Falcon platform leverages machine learning and behavioral analysis to detect threats, while Palo Alto Networks has comprehensive endpoint and network security through a host of products that monitor and block suspicious behavior. CrowdStrike is up over 40% year to date while Palo Alto is up more than 10% over the same period, both outperforming the S & P 500's more than 7% rise in 2025. (Jim Cramer's Charitable Trust is long CRWD, PANW and MSFT. See here for a full list of the stocks.) 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.
News24
26 minutes ago
- News24
Nasdaq, S&P hit record levels as megacaps rise ahead of tech earnings
• For more financial news, go to the News24 Business front page. The S&P 500 and the Nasdaq reached new record highs on Monday, bolstered by gains in megacaps as investors geared up for the week's major tech earnings, while the prospects of fresh trade deals also boosted sentiment. By late Monday morning (US time), the S&P 500 gained 34.97 points, or 0.56%, to 6,331.90 and the Nasdaq Composite gained 147.24 points, or 0.71%, to 21,042.87. The Dow Jones Industrial Average rose 201.87 points, or 0.46%, to 44,544.76, just 1.28% shy of its all-time high. Verizon gained 4.1% after boosting its annual profit forecast. The stock also drove up the communications sector , which emerged as the top gainer among other sectors. Most big-tech names moved higher, pushing the S&P's information technology sector up 0.6% to hit an all-time high. The spotlight was on Google-parent Alphabet and electric-vehicle maker Tesla, whose results this week will kick off the "Magnificent Seven" earnings parade, and could set the tone for Wall Street. Shares of Alphabet rose 2.1%, while Tesla dipped 0.2%. Both stocks have lagged their peers so far this year, with Tesla down 18.5% year to date and Alphabet slipping 0.2%. "It is going to be interesting to see the Tesla and Google reports," because those two are kind of "underachievers in the Mag 7 this year," said Mike Dickson, head of research at Horizon Investments. "We're going to need these earnings reports to just really knock it out of the park if we want to see this little leg of the rally continue." Despite US President Donald Trump's August 1 tariff deadline, the S&P 500 and the Nasdaq reached new heights recently as investors believed that the economic fallout from tariffs might not be as dire as once feared. Trump has threatened to slap 30% tariffs on imports from Mexico and the EU, and sent letters to other trading partners, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20% to 50%. Investors were expecting some progress in trade talks after US Commerce Secretary Howard Lutnick on Sunday expressed confidence over striking a trade deal with the European Union. However, EU diplomats said the 27-member bloc is exploring a broader set of possible counter-measures against the United States, as hopes for a breakthrough deal with Washington dwindled. On the economic data front, investors will keep a close eye on jobless claims figures and the July business activity report, expected on Thursday. They will also closely analyze Federal Reserve Chair Jerome Powell's remarks on Tuesday for any clues on the central bank's next move, especially after last week's mixed inflation signals. Traders have largely ruled out a July rate cut, and are now pegging the odds at about 56% for a September reduction, according to CME Group's FedWatch tool. Advancing issues outnumbered decliners by a 3.02-to-1 ratio on the NYSE, and by a 2.58-to-1 ratio on the Nasdaq. The S&P 500 posted 15 new 52-week highs and 5 new lows, while the Nasdaq Composite recorded 73 new highs and 34 new lows.
