President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing the possible sale of...World Politicsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Home Depot CFO Carol Tome says "consumer confidence is near record high levels" but "consumer demand could be impacted" by lingering U.S.-China trade tensions.Mad Money with Jim Cramerread more
The company's stock seesawed after the markets closed Tuesday, initially swinging up by 4% before falling by about 2%.Retailread more
VMware has become accepting of the corporate rush to the cloud. A new acquisition could help it make more revenue as companies adopt a modern approach called serverless...Technologyread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second....Defenseread more
U.S. stocks are modestly overvalued, but investors can find opportunities in broad swaths of some sectors that are currently underappreciated, Glenmede Trust Director of Investment Strategy Jason Pride said Monday.
In a slow-growth environment, investors tend to pay too much for shares of companies that are growing, he said. That leads them to overlook companies that have experienced some difficulty in the same spaces as those high-fliers, he said.
This is happening to a "dramatic degree" in the tech sector, Pride told CNBC's "Squawk Box." While names like Facebook and Amazon have run up this year, the rest of the sector is relatively reasonably valued, providing an opportunity for stock pickers to invest in a number of cheaper equities, he said.
The S&P 500 information technology sector is up about 0.9 percent this year, making it the third-worst performing group in the index.
"It's not really a stock-by-stock story. There's entire groups of stocks that are just underappreciated," Pride added.
Pride said he also sees this trend playing out in the energy and industrials sectors.
Glenmede also favors health-care stocks for their "reasonable valuations" and defensive characteristics, which provide a buffer against some of the risks in the back half of the business cycle, according to Pride.
On Monday, the National Association for Business Economics reported business economists now expect U.S. growth of 1.8 percent in 2016, down from an earlier estimate of 2.2. percent. Respondents to the NABE survey also lowered their expectations for business investment, consumer spending, corporate profits and industrial production.