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[ad_1] Exchange-traded funds can still compete in today's "stock picker's" market, according to a top investor. "A lot of money is moving into active ETFs, because it provides the benefits that you have from active management [or] from stock picking … but also all the tax benefits and cost benefits that you have in an ETF," Avantis Investors Chief Investment Officer Eduardo Repetto told CNBC's " ETF Edge " last week. He predicts actively managed ETFs will continue to gain traction through the second half of the year. "We used to only have index ETFs," Repetto noted. However, he emphasized this has changed over the past three years as the number of actively managed ETFs has grown. Repetto's firm is behind the Avantis U.S. Equity ETF , an actively managed portfolio of U.S. stocks. Its website shows the fund's top holdings are Apple, Microsoft , Amazon , Meta Platforms and Alphabet . As of Friday, the ETF is up 12% this ye

[ad_1] Two weeks into the second half of the year, we put together a quick look at the top four performers and the bottom four in Jim Cramer's Charitable Trust, the stock portfolio we use for the Investing Club. The first full trading week of July saw Wall Street under some pressure Friday after a multisession winning streak. Gains month-to-date of roughly 2.4% for the Nasdaq add to the tech-heavy index's best first half (up nearly 32%) in four decades. There are some new names on both the July leaders and July laggards list since we did this exercise looking at our January to June portfolio performance. July leaders HAL mountain 2023-06-30 Halliburton stock performance since June 30 close Oilfield services giant Halliburton (HAL) flips from a first-half loser (down 16%) to top our second-half winner. Month-to-date, HAL gained nearly 12%, a recent rally that we took advantage of Friday morning by booking in some profits. During our Monthly Meeting on Wednesday, we told mem

[ad_1] Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE Stocks rose Friday as strong earnings results from some of the biggest banks and companies kicked off earnings season. The Dow Jones Industrial Average rose 121 points, or 0.3%. The S&P 500 ticked up about 0.1%, and the Nasdaq Composite advanced 0.2%. Wall Street is coming off its fourth consecutive day of gains, with the Nasdaq and S&P 500 reaching their highest levels since April 2022. JPMorgan Chase rose 0.3% after its second-quarter earnings topped expectations. The bank was boosted by higher interest rates and rising interest income. Wells Fargo also gained 0.5% on the back of better-than-expected results. UnitedHealth shares jumped 8% after the insurance giant reported better-than-expected earnings and revenue. The company also raised the lower end of its full-year earnings guidance. "What we've seen simple out of out of big bank earnings, especially JPMorgan, is pretty resilient,&qu

[ad_1] A visual representation of the digital cryptocurrency, XRP. S3studio | Getty Images Ripple's XRP token surged on Thursday after a judge in the Southern District of New York ruled that it's "not necessarily a security on its face." The price of XRP was last higher by 70% at about 80 cents a coin, according to Coin Metrics. The news gave hope to crypto investors, who breathed a sigh of relief that other altcoins may not be considered securities after all. Polygon's matic token gained 11%. Litecoin and the token tied to Solana jumped 8%, and Cardano's token advanced 7%. Bitcoin and ether got a boost too, of 3% and 7%, respectively. "The judgments today are a huge step forward for the industry," Chris Martin, head of research at Amberdata, told CNBC. "By judging that XRP is not a security we're starting to get clarity on what constitutes a security and what constitutes a commodity — the SEC will have to revise their tactics on

[ad_1] A visual representation of the digital cryptocurrency, XRP. S3studio | Getty Images Ripple's XRP token surged on Thursday after a judge in the Southern District of New York ruled that it's "not necessarily a security on its face." The price of XRP was last higher by 70% at about 80 cents a coin, according to Coin Metrics. The news gave hope to crypto investors, who breathed a sigh of relief that other altcoins may not be considered securities after all. Polygon's matic token gained 11%. Litecoin and the token tied to Solana jumped 8%, and Cardano's token advanced 7%. Bitcoin and ether got a boost too, of 3% and 7%, respectively. "The judgments today are a huge step forward for the industry," Chris Martin, head of research at Amberdata, told CNBC. "By judging that XRP is not a security we're starting to get clarity on what constitutes a security and what constitutes a commodity — the SEC will have to revise their tactics on

[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 12, 2023.  Brendan McDermid | Reuters Stock futures inched higher in overnight trading after the S&P 500 closed at its highest level in over a year. Markets also looked ahead to another key inflation reading. Disney shares added nearly 1% in extended trading after the entertainment giant extended CEO Bob Iger's contract through 2026, two years longer than planned. Futures tied to the S&P 500 rose 0.08%, while Nasdaq 100 futures added 0.14%. Futures connected to the Dow Jones Industrial Average gained 27 points, or 0.08%. Stocks surged on Wednesday after a cooler-than-expected June consumer price index report eased some worries that the Federal Reserve may tip the economy into a recession as it fights to bring down sticky inflation.   The S&P 500 and Nasdaq Composite jumped 0.74% and 1.15%, respectively, to hit their highest closing levels since April 2022.

[ad_1] Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday's key moments. Earnings and inflation Watch J & J Strong outlook for Meta 1. Earnings and inflation U.S. stocks edged higher Monday, with the Dow jumping over 150 points, rallying after a tough week for the major Wall Street gauges. We're looking ahead to second-quarter earnings Friday, kicking off with financials like Club holding Wells Fargo (WFC). Consumer price index (CPI) data will be released Wednesday, which will give the market a better read on the inflation situation. Overall, there's a lot of uncertainty for the U.S. economy as inflation stays high and the Federal Reserve mulls over further monetary tightening in order to cool a resilient labor market. 2. Watch J & J We're watching for closing arguments in a talc lawsuit against Johnson & Johnson (JNJ) brought by a 24-year-old in California

[ad_1] Bill Ackman Scott Mlyn | CNBC Bill Ackman said in 2021 that delaying Covid vaccinations for older Americans "seems like genocide." Today, the influential hedge fund chief and investor is amplifying the debunked anti-vaccine views of Democratic presidential candidate Robert F. Kennedy Jr. Ackman is not denying his change. In fact, he said Kennedy is asking "important questions" about vaccines, raising issues he is interested in learning more about. Several of Ackman's recent tweets about Covid vaccines have stunned and confounded many of his colleagues on Wall Street, according to several people who have known and been allied with him for years. And it's led both his allies and foes to ask the same question: Why is he doing this? Ackman answered that question in an interview with CNBC on Wednesday. "I listened to RFK on several podcasts and a town hall and thought he raised important issues about vaccines and other issues that were worth lea

[ad_1] Almost all Federal Reserve officials at their June meeting indicated further policy tightening is likely, if at a slower pace than the rapid-fire rate increases that had characterized monetary policy since early 2022, according to minutes released Wednesday. Policymakers decided against a rate increase amid concerns over economic growth, even though most members think further hikes are on the way. Citing the lagged impact of policy and other concerns, they saw room to skip the June meeting after enacting 10 straight rate increases. Officials felt that "leaving the target range unchanged at this meeting would allow them more time to assess the economy's progress toward the Committee's goals of maximum employment and price stability." Federal Open Market Committee members voiced hesitance over a multitude of factors. They said that a brief pause would give the committee time to assess the impacts of the hikes, which have totaled 5 percentage points, the mos

[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on February 01, 2023 in New York City.  Michael M. Santiago | Getty Images U.S. stock futures were little changed on Tuesday night as Wall Street looks to resume a holiday-shortened week. Dow Jones Industrial Average futures fell by 31 points, or 0.09%. S&P 500 and Nasdaq 100 futures dipped 0.05% and 0.11%, respectively. Markets were closed Tuesday for the Fourth of July holiday. They closed early Monday. Investors are coming off a positive session Monday, which kicked off the start of a new month, quarter and half-year for traders. Stocks rose slightly during the shortened trading day, with the Dow Jones Industrial Average  adding 10.87 points, or 0.03%. The  S&P 500  rose 0.12%, while the  Nasdaq Composite  closed 0.21% higher. Those gains build on a strong start to the year. Last week, the Nasdaq Composite closed out its best first half of the year since 1983, while the S&P

[ad_1] Travelers are seen ahead of the fourth of July holiday weekend at Hartsfield-Jackson Atlanta International Airport on June 30, 2023, in Atlanta, Georgia. Elijah Nouvelage | AFP | Getty Images Flight disruptions piled up at airports around the country ahead of the July Fourth weekend, but airline investors have largely shrugged them off. More than 63,000 flights operated by U.S. airlines, or 30% of their schedules, were delayed between June 24 through July 2. More than 9,000, or 4.2%, were canceled. Both of those percentages are above disruption averages so far this year, according to flight-tracking site FlightAware. The delays were driven mostly by a series of rolling thunderstorms coupled with other issues like a shortage of air traffic controllers in congested airspace around New York and other areas, derailing travel plans of thousands of customers. It upended what has been a mostly calm spring for travelers. But sky-high travel demand continues to keep airline stocks a

[ad_1] An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. Lindsey Wasson | Reuters Workers at Boeing aircraft parts supplier Spirit Aerosystems approved a new labor deal on Thursday, setting the stage to resume production at a Wichita, Kansas, facility after a work stoppage last week. Spirit Aerosystems, which supplies fuselages for Boeing's best-selling 737 Max aircraft as well as other parts for Boeing and other manufacturers, halted production last Thursday after workers voted against a new proposed contract and in favor of a strike. "We continue to monitor the situation as we assess any potential impacts to production and deliveries," Stan Deal, CEO of Boeing's commercial airplane unit, said in a note to staff. The company and the workers' union, the International Association of Machinists and Aerospace Workers, had r

[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE), June 29, 2023. Brendan McDermid | Reuters U.S. stock futures were little changed Sunday night, as traders prepared for the second half of what's already been a stellar year on Wall Street. Futures tied to the Dow Jones Industrial Average dipped 17 points. S&P 500 and Nasdaq-100 futures traded flat. Tesla shares were little changed in overnight trading after the electric vehicle maker reported delivery and production numbers that beat analysts' expectations . Elsewhere, United shares inched marginally lower as bad weather contributed to a swath of flight disruptions for the airline over the long holiday weekend. Stocks are coming off a banner start to 2023. On Friday, the Nasdaq Composite closed out its biggest first-half gain since 1983, surging 31.7%, while the S&P 500 jumped 15.9% for its best first-half since 2019. The Dow Jones Industrial Average lagged, climbing a modest 3.8% d