One of Wall Street’s top technology analysts is sounding alarms that the sector has gotten too pricey. Bernstein’s Toni Sacconaghi noted the tech sector is currently trading at 22 times earnings, the highest level for the group in 15 years. Sacconaghi is rated consistently the No.1 analyst on IT hardware and electronics manufacturing services by Institutional Investor magazine. “Given elevated valuations and elevated expectations for high priced stocks, we believe risk remains high in tech,” Sac

“We don’t use one-size-fits-all model portfolios or dictate a generic risk tolerance,” said certified financial planner Victoria Trumbower, managing member of Trumbower Financial Advisors in Bethesda, Maryland. Trumbower Financial ranked No. 22 on the CNBC FA 100 list of top financial advisors for 2019. For some financial advisors, the person behind the assets is the key to providing the best investment advice possible. There also might be insight to be gained from understanding a person’s inves

NBCUniversal CEO Steve Burke will retire on August 14, 2020 following the Summer Olympics in Tokyo, Comcast announced on Monday. Jeff Shell will become CEO of NBCUniversal beginning Jan. 1, 2020, when Burke will move to role of Chairman of NBCUniversal. Following Burke’s retirement, Shell will report to Comcast CEO Brian Roberts. Roberts said Shell, who currently oversees NBCUniversal’s Film and Entertainment division, is the “ideal executive” to “lead NBCUniversal NBCUniversal into the future.”

In fact, it’s possible to look at the last 10 years as the iPhone decade — when smartphones went mainstream, created billion-dollar corporations, rearranged existing industries and changed the world. Now it’s a much bigger deal — in the first calendar quarter of 2010, Apple sold 8.7 million iPhones. Apple’s iPhone unit sales are dwarfed by Google’s Android operating system, which has shipped billions of devices as well. Under Cook, Apple has sold sold billions of iPhones and raked in hundreds of

Dow, S&P 500, Nasdaq set record highs at openCNBC’s Bob Pisani looks ahead at the day’s market action.

Loup Venture’s Gene Munster on whether Apple shares have room to run in 2020Gene Munster, co-founder and managing partner at Loup Ventures, joins “Squawk Box” to discuss the big tech stories of the day including how Apple is being affected by the trade headlines.

Workers extracting oil from oil wells in the Permian Basin in Midland, Texas on May 5, 2018. Oil prices on Monday held near three-month highs, supported by last week’s announcement that an initial trade deal had been reached between the United States and China. Brent crude oil futures rose 36 cents to $65.58 a barrel, while West Texas Intermediate crude rose 18 cents, or 0.3%, to $60.25. “What the market needs now, though, is clarity around exactly what the deal entails,” analysts from ING Econo

The space industry is long overdue in its shift toward commercialization, astrophysicist Neil deGrasse Tyson told CNBC on Monday. “This should’ve happened decades ago,” Tyson, director of the Hayden Planetarium at New York City’s American Museum of Natural History, said on “Squawk Box.” “When we think of space, we think of NASA,” but the government agency is “only a small fraction” of what’s going on in space, said Tyson, who likes to comment on all-things-science on social media and television.

Weight Watchers member and board member Oprah Winfrey shares her thoughts on the value of community at an intimate luncheon with winners of Weight Watchers Better Together Sweepstakes on Friday, March 23, 2018, in Santa Barbara, Calif.WW International, formerly known as Weight Watchers, just got another nod from billionaire media mogul Oprah Winfrey. WW International announced Monday its partnership with Winfrey is being extended into 2025, a collaboration that has rallied the stock nearly 450%.

Jaireme Barrow, 36, knows what it feels like to be the victim of “porch pirates.” Florida, Fort Myers, Publix, supermarket Gift Card Display. Jeff Greenberg | Universal Images Group | Getty ImagesThe best thing to do is to buy gift cards that are behind the counter, since they are more protected, she advised. Another option is to buy the gift card directly from the retailer’s website. However, don’t buy gift cards through online auction sites, as they are often stolen or fake.

Susquehanna upgraded Western Digital on the expected ramp-up of the 5G smartphone build cycle. “In a nutshell, we expect the 5G smartphone build cycle to start in earnest in late Mar-Q, which combined with all the cuts to NAND cap-ex and wafer starts, all aimed at reducing bit supply growth rate, should lead to a tight NAND supply-demand market by June-Q. We actually don’t rule out (real) “shortages” hitting the headlines by mid-summer! Game console upgrade cycle of 2020 could also exacerbate th

“While we hold an Underperform rating on Tesla, we nevertheless believe it’s important to give Tesla its credit where due,” Credit Suisse analyst Dan Levy wrote in a note to investors on Monday. “We believe Tesla is leading in the areas that will likely define the future of carmaking – software and electrification.” The firm has a notably pessimistic view of Musk’s company, with a $200 price target that represents the expectation that Tesla’s stock will drop 44% from its current price of nearly

This could be as good as it gets for Apple right now, says JC O’Hara, chief market technician at MKM Partners. “Momentum is definitely strong, and our concern is that it actually might be too strong, leaving Apple vulnerable,” O’Hara said on CNBC’s “Trading Nation” on Friday. “If you look at where Apple’s trading, especially compared to its 200-day moving average, we find it’s 28% above that. Steve Chiavarone, portfolio manager at Federated Investors, says Apple’s mammoth move this year was just

It’s the broadest portfolio by far, and we’ll have double the R&D of any other company in the industry,” DuPont Executive Chairman Ed Breen said on CNBC’s “Squawk on the Street” on Monday. Shares of IFF, which has a market value of $13.4 billion, are trading down nearly 7% Monday morning. DuPont’s stock, which has a market value of $48.3 billion, were up less than 1%. Under terms of the agreement, DuPont shareholders will own 55.4% of the shares of the new company and existing IFF shareholders w

While the Detroit giant initially put up a fight to hang onto its global sales crown, GM has now abandoned its long-time strategy of growth, almost no matter what the cost. Long the world’s largest automaker, General Motors has watched an assortment of key competitors push past it in the global sales race this past decade and may soon find itself slipping into the No. We will continue to optimize our operations market by market to further improve our competitiveness and cost base.” Under her lea

Tech was the best-performing sector among the 11 S&P 500 groupings, led by Micron Technology and Western Digital which traded 4.5% and 6.9% higher. Micron is trading at its 52-week high, on pace for its best day in two months. Micron and Western Digital surged on Monday on upgrades at Susquehanna International Group. The equity research firm upgraded Western Digital on the expected ramp-up of the 5G smartphone build cycle. “Given elevated valuations and elevated expectations for high priced stoc

Mired by allegations of racism and anti-Semitism, one of YouTube’s biggest stars, PewDiePie, announced he will take a break from the platform in 2020. In recent years, though, Kjellberg has found himself at the center of controversy as some of his racist remarks have been embraced by far-right groups. Amid growing blowback for his remarks, Kjellberg took to YouTube this weekend to announce his departure from the platform. “I am taking [a] break from YouTube next year,” he said in a video. At the

Goldman Sachs is raising its 12-month commodity returns forecast to 6.4% — a 3% increase — based on subsiding geopolitical tensions. The firm said that following clarity on the US-China trade deal and UK election, demand for commodities will increase, without any changes to supply. For oil specifically, the firm raised its returns forecast to 15% from 9.7%. “Tighter than expected agriculture markets due to supply problems and an improved outlook on oil following the OPEC+ agreement reinforce our

Financial professionals sit in the Goldman Sachs booth on the floor of the New York Stock Exchange. The investment firm highlighted a decline in stock buybacks as a risk to the market in its weekly note to clients. Goldman estimates that buybacks will be down 15% to $710 billion this year and will decline another 5% in 2020. If share repurchases fall more than expected next year, it could lead to slower earnings per share growth and increased volatility. The question about buybacks from clients

A stronger economy and a severe housing shortage have the nation’s homebuilders feeling better than they have in two decades. Builder confidence in the newly built, single-family home market jumped 5 points in December to 76, the highest reading since June 1999, according to the National Association of Home Builders/Wells Fargo Housing Market Index. At the worst of the housing crash, in 2009, builder sentiment hit a low of just 8. Of the index’s three components, current sales conditions rose 7