XLV Nov 2024 150.000 put
| Previous Close | 1.9100 |
| Open | 1.6800 |
| Bid | 1.6000 |
| Ask | 2.0900 |
| Strike | 150.00 |
| Expire Date | 2024-11-15 |
| Day's Range | 1.5300 - 1.7500 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 1.09k |
- Yahoo Finance Video
Morgan Stanley turns neutral on defensive sectors
Morgan Stanley is out with a new call recommending investors lock in their gains on defensive stocks (XLV, XLU) as they tend to underperform in the month following the Federal Reserve's first interest rate cut. Catalysts Hosts Seana Smith and Madison Mills report more on the call and break down how the upcoming labor market data could impact investors' defensive plays. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
- Yahoo Finance Video
Fed eyes interest rate cut, TikTok heads to court: Catalysts
On today's episode of Catalysts, Hosts Seana Smith and Madison Mills break down key stories from how an interest rate cut and the election may impact markets to TikTok's legal battle against a potential ban in the US. While tech has certainly spearheaded the market's record growth this year, many investors are gearing up for a potential rotation as interest rates ease. HSBC head of equity strategy for the Americas Nicole Inui explains that the market will likely broaden outside of tech, benefiting sectors like financials (XLF), utilities (XLU), and healthcare (XLV). She adds, "When we look at the market as a whole, it looks like it's trading at a very hefty premium. You take out the Mag Seven, you take out tech, valuations aren't as elevated compared to historical levels. So yes, tech, Mag Seven, you still see strong earnings growth." EY chief economist Greg Daco expects the Federal Reserve to initiate a 25-basis-point cut as it kicks off its rate-easing cycle. However, he notes that the central bank walks a delicate tightrope: "If you ease monetary policy by 25 basis points, it does little to nothing in terms of consumer rates, auto loan rates, mortgage rates, very little. But the risks are asymmetric. If the Fed does not ease monetary policy by as much as markets are anticipating, then you'll actually see a repricing of rates and you're going to see upward movement in terms of rates, and that could damage consumer spending activity, housing activity, business investment. That is the real risk right now." Meanwhile, TikTok is in court on Monday for a key hearing in its ongoing battle to block a law that could ban the app in the US. Rachel Tipograph, the CEO of e-commerce analytics company MikMak, tells Yahoo Finance that the odds of a TikTok disruption, either through a ban or a sale, are rising. Looking at Snapchat (SNAP) and Meta Platforms (META) stock, the analyst says, “There is an implied probability there that TikTok disruption is more likely than not in the next four months, and I feel that could manifest into either a complete sale, complete ban, or somewhere in between.” He says this means “eyeballs and money move away from TikTok” which helps Meta and Snapchat. GenWealth Financial Advisors financial advisor and host of "Get Ready for the Future Show" Scott Inman joins Catalysts to discuss how the election may impact markets (^DJI,^GSPC, ^IXIC) and how investors can best prepare their portfolios for the rest of the year. He believes that markets "don't really care about who is in office," noting that they have performed well and GDP (gross domestic product) has grown regardless of a Democratic or Republican administration. This post was written by Melanie Riehl
- Yahoo Finance Video
401(k) investing, food price inflation, holiday shopping: Wealth!
On today's episode of Wealth!, Host Brad Smith breaks down key personal finance stories, from anticipated interest rate cuts to a lookahead to the holiday shopping. Traders have been pricing in a 25-basis-point interest rate cut from the Federal Reserve at its September meeting next week. Crescent Grove Advisors co-chief investment officer Andrew Krei notes that the labor market has been increasingly in focus since July's jobs report saw the unemployment rate hit 4.3%, sparking fears of a recession. However, he believes that the labor market data shows the economy "softening off of an ultra-hot level" rather than indicating the beginnings of a recession. According to new data from Fidelity, there are now almost half a million 401(k) plan participants with balances of at least $1 million in their accounts. UBS financial advisor Tracy Byrnes encourages retirement savers to not "set it and forget it," and explains the importance of revisiting a retirement account to rebalance and diversify. She warns, "What was good when you started working 20 years ago might not still work today." The latest Conference Board Consumer Confidence Survey shows Americans are still under pressure from high prices, as necessities like food are straining budgets and wallets. Former USDA economist and Cal Poly professor of agribusiness Richard Volpe explains that in 2021 and 2022, "we saw food prices increase at a clip that we hadn't seen in the US since the 1970s." He notes that while inflation has cooled across the board, food prices have not fallen. As the holidays are right around the corner, retail sales are likely to increase between 2.3% and 3.3% from 2023, according to Deloitte's annual holiday retail forecast. Deloitte Consulting retail and consumer products leader Michael Jeschke believes that retailers with omnichannel approaches will likely outperform this holiday season, expecting a 7% to 9% acceleration as they "are best able to meet consumers where they are." This post was written by Melanie Riehl
