Latest news with #ScottRubner
CNBC
6 days ago
- Business
- CNBC
Stocks will keep ripping to record highs as retail traders continue buying spree, Citadel says
Retail traders are on a buying spree that can keep equities marching to record highs. Scott Rubner of Citadel Securities pointed out in a note Wednesday that mom-and-pop traders have been net buyers of stocks for 19 straight trading sessions. That marks the longest buying streak since March 2021 and fifth-longest on record. The hedge fund's data also shows retail investors have been bullish in options for 12 weeks in a row, with the put-call ratio skewing in favor of call options. These contracts give the buyer the right to buy an underlying stock at a certain price. Put options let the holder sell a specific stock at a predetermined price. This comes as the S & P 500 continues to scale to fresh record highs , boosted by strong earnings and expectations that the U.S. will reach trade deals with other countries. So far, 23% of the S & P 500 has posted second-quarter results. Of those, about 88% have topped analyst earnings expectations, FactSet data shows. But the big reports will come from major tech companies. Alphabet is set to report after the bell Wednesday. Amazon, Apple, Meta Platforms and Microsoft are scheduled to report next week. On the trade front, President Donald Trump said the U.S. reached a deal with Japan, sending stocks higher on Wednesday. "I remain on watch for daily all-time highs, but more importantly I am on alert for a 'blow-off' top led by the laggards. The pain trade remains higher," Rubner wrote. Elsewhere on Wall Street this morning, Bank of America raised its price target on Amazon to $265 from $248. "Amazon's YTD commentary on AWS capacity constraints, plus recent competitor Cloud revenue acceleration has likely elevated Street focus on AWS," analyst Justin Post wrote in a note to clients. "We think 2Q Retail is setting up for a solid quarter, plus a strong 1Q for AWS backlog and accelerating quarterly AWS capex spending should drive accelerating 2H AWS growth."
Yahoo
17-07-2025
- Business
- Yahoo
US corporates expected to buoy stock markets with buy backs, says Citadel Securities
By Nell Mackenzie LONDON (Reuters) -Companies in the U.S. are expected to buy $1 trillion worth of their own stock in 2025 and remain the largest buyers of U.S. equities, according to Scott Rubner, Citadel Securities' head of equity and equity derivatives strategy. A corporate repurchase window, when companies can buy their own stock, reopens after companies' blackout period. The most recent corporate reporting season ends in August. Stock purchases, whether from investors trading equities or from the companies themselves, generally lead to asset prices rising. WHY IT'S IMPORTANT August is typically a positive month for stock markets and there has been a debate as to whether the scale of the rally is justified given ongoing uncertainties over U.S. tariffs. Big investors are staying out of markets for now and corporate buybacks may support higher asset values. Plus, earnings expectations this season are low, Rubner adds. "I put the current set-up in baseball terms – inning 7 out of 9," he said, referring to the final stages of a game. KEY QUOTE(S) "July seasonals are exceptional for U.S. stocks. Since 1928, July is the best-performing month of the year for the S&P 500, while September is the worst-performing month of the year as investors go 'back to school'," Rubner said in a note released on Wednesday and seen by Reuters. CONTEXT The S&P 500 and Nasdaq indexes hit record highs on July 15, up 6.7% and 7.5% respectively so far this year. MARKET REACTION Citadel Securities' retail trading flows have seen retail traders buy cash equities for the past 14 trading sessions, the longest daily retail buying streak since December 2024, which lasted 16 days, its note said. There has been a competition in markets for who can buy the dip the fastest, said Rubner. WHAT'S NEXT "I think that equities can rally further from here led by positive seasonal factors, strong flow-of-funds, continued retail support, return of corporates, and final buy-in from fundamental investors," he said. GRAPHIC (Reporting By Nell Mackenzie; Editing by Dhara Ranasinghe and Sharon Singleton)
Zawya
17-07-2025
- Business
- Zawya
US corporates expected to buoy stock markets with buy backs, says Citadel Securities
LONDON - Companies in the U.S. are expected to buy $1 trillion worth of their own stock in 2025 and remain the largest buyers of U.S. equities, according to Scott Rubner, Citadel Securities' head of equity and equity derivatives strategy. A corporate repurchase window, when companies can buy their own stock, reopens after companies' blackout period. The most recent corporate reporting season ends in August. Stock purchases, whether from investors trading equities or from the companies themselves, generally lead to asset prices rising. WHY IT'S IMPORTANT August is typically a positive month for stock markets and there has been a debate as to whether the scale of the rally is justified given ongoing uncertainties over U.S. tariffs. Big investors are staying out of markets for now and corporate buybacks may support higher asset values. Plus, earnings expectations this season are low, Rubner adds. "I put the current set-up in baseball terms – inning 7 out of 9," he said, referring to the final stages of a game. KEY QUOTE(S) "July seasonals are exceptional for U.S. stocks. Since 1928, July is the best-performing month of the year for the S&P 500, while September is the worst-performing month of the year as investors go 'back to school'," Rubner said in a note released on Wednesday and seen by Reuters. CONTEXT The S&P 500 and Nasdaq indexes hit record highs on July 15, up 6.7% and 7.5% respectively so far this year. MARKET REACTION Citadel Securities' retail trading flows have seen retail traders buy cash equities for the past 14 trading sessions, the longest daily retail buying streak since December 2024, which lasted 16 days, its note said. There has been a competition in markets for who can buy the dip the fastest, said Rubner. WHAT'S NEXT "I think that equities can rally further from here led by positive seasonal factors, strong flow-of-funds, continued retail support, return of corporates, and final buy-in from fundamental investors," he said. (Reporting By Nell Mackenzie; Editing by Dhara Ranasinghe and Sharon Singleton)
Reuters
17-07-2025
- Business
- Reuters
US corporates expected to buoy stock markets with buy backs, says Citadel Securities
LONDON, July 17 (Reuters) - Companies in the U.S. are expected to buy $1 trillion worth of their own stock in 2025 and remain the largest buyers of U.S. equities, according to Scott Rubner, Citadel Securities' head of equity and equity derivatives strategy. A corporate repurchase window, when companies can buy their own stock, reopens after companies' blackout period. The most recent corporate reporting season ends in August. Stock purchases, whether from investors trading equities or from the companies themselves, generally lead to asset prices rising. August is typically a positive month for stock markets and there has been a debate as to whether the scale of the rally is justified given ongoing uncertainties over U.S. tariffs. Big investors are staying out of markets for now and corporate buybacks may support higher asset values. Plus, earnings expectations this season are low, Rubner adds. "I put the current set-up in baseball terms – inning 7 out of 9," he said, referring to the final stages of a game. "July seasonals are exceptional for U.S. stocks. Since 1928, July is the best-performing month of the year for the S&P 500, while September is the worst-performing month of the year as investors go 'back to school'," Rubner said in a note released on Wednesday and seen by Reuters. The S&P 500 (.SPX), opens new tab and Nasdaq (.IXIC), opens new tab indexes hit record highs on July 15, up 6.7% and 7.5% respectively so far this year. Citadel Securities' retail trading flows have seen retail traders buy cash equities for the past 14 trading sessions, the longest daily retail buying streak since December 2024, which lasted 16 days, its note said. There has been a competition in markets for who can buy the dip the fastest, said Rubner. "I think that equities can rally further from here led by positive seasonal factors, strong flow-of-funds, continued retail support, return of corporates, and final buy-in from fundamental investors," he said. GRAPHIC
Bloomberg
16-07-2025
- Business
- Bloomberg
Citadel Securities' Rubner Is Bullish on Stocks Into Labor Day
US stock bulls can expect a solid run into the Labor Day holiday before seasonal factors conspire to deliver a rockier fall, Citadel Securities' head of equity and equity derivatives strategy Scott Rubner said Wednesday. Sustained demand from retail dip-buyers, flows into stocks from under-allocated institutionals along with corporate purchases should bolster American equities at least for the next month, Rubner said, making his first call with Citadel Securities after more than a decade at Goldman Sachs Group Inc.
