Latest news with #JamesDemmert
BBC News
2 days ago
- Business
- BBC News
'Room for growth' after big tech earnings
James Demmert, the Chief Investment Officer at Main Street Research, cautions investors to stay away from vulnerable companies but says that there is room for growth in the AI and energy trade in this market.
Hindustan Times
29-05-2025
- Business
- Hindustan Times
Stock market after hours: Why S&P, Dow and Nasdaq futures are up today?
Stock market futures rose Wednesday night after AI giant Nvidia posted a strong earnings report. S&P futures rose at least 0.8%, while Nasdaq 100 futures were up 1.2%. Dow Jones Industrial Average futures gained 206 points, or 0.5%. This also comes after a federal trade court blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law. The ruling follows several lawsuits arguing that the president exceeded his authority and left the country's trade police dependent on his whims and unleashed economic chaos. In after-hours on Wednesday, Nvidia shares gained more than 4%. James Demmert, chief investment officer of Main Street Research, told CNBC that the earnings report is 'pivotal not just for Nvidia but for the entire stock market, as it can rejuvenate investor optimism across the board and help investors to focus on the power of AI and less on headlines out of Washington on tariffs and taxes'.
CNBC
28-05-2025
- Business
- CNBC
S&P 500 futures rise after Nvidia posts earnings beat: Live updates
Traders work on the floor of the New York Stock Exchange on May 28, 2025. NYSE S&P 500 futures rose Wednesday night, buoyed by a strong earnings report from artificial intelligence heavyweight Nvidia . Futures tied to the broad market index rose 0.3%, while Nasdaq 100 futures gained 0.5%. Dow Jones Industrial Average futures slipped 15 points. Nvidia shares jumped more than 4% in after-hours trading. The chipmaker reported exceeded expectations on the top and bottom lines in the first quarter, as its data center business recorded year-over-year growth of 73%. "Wednesday's Nvidia earnings report is pivotal not just for Nvidia but for the entire stock market, as it can rejuvenate investor optimism across the board and help investors to focus on the power of AI and less on headlines out of Washington on tariffs and taxes," said James Demmert, chief investment officer of Main Street Research. Separately, Salesforce shares rose about 1% after the software company posted better-than-expected fiscal first-quarter results and lifted its full-year forecast. Stocks are coming off of a lackluster session Wednesday. The S&P 500 ended the day almost 0.6% lower, while the tech-heavy Nasdaq Composite lost 0.5%. The Dow Jones Industrial Average fell nearly 245 points, or 0.6%. Major U.S. indexes are on track to close the week—and month—higher, however. The S&P 500 and 30-stock Dow are up 1.5% and 1.2% this week, respectively, while the Nasdaq has rallied nearly 2%. The tech sector has surged more than 10% in May, fueled by AI announcements from Big Tech player Alphabet . This month, the S&P 500 has gained 5.7%. The Dow has added 3.5%, while the Nasdaq has jumped 9.5%. The surge in stocks comes after President Donald Trump on Sunday walked back his threat to implement a 50% tariff on the European Union on June 1, delaying the date to July 9. Although investors cheered the news, critiques of Trump's tariffs have emerged given their wild effect on markets.
CNBC
28-05-2025
- Business
- CNBC
Demmert: We think this might be the quarter
James Demmert, CIO at Main Street Research, discussed Salesforce's growth, the $8B Informatica deal, and why Agentforce adoption could signal upside, calling the stock cheap and poised to beat.
CNBC
16-05-2025
- Business
- CNBC
Three Stock Lunch: Novo Nordisk, Constellation Brands and Citigroup
James Demmert, Main Street Research CIO, joins 'Power Lunch' to discuss Demmert's investing take on three stocks: Novo Nordisk, Constellation Brands and Citigroup.
