(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Traders heading into Monday’s session are looking into whether the market rally can continue to broaden beyond tech. Plus, the an industrial play that will benefit from potential Federal Reserve rate cuts. Worldwide Exchange pick: Transdigm Group (TDG) Sarat Sethi of DCLA sees Transdigm as a timely industrial play. Sethi is bullish on the maker of after-market airplane parts, seeing double-digit earnings growth in the next three-to-five years. He added that the stock’s 34 times price-to-forward earnings multiple is reasonable. Sethi also likes what he calls “select industrials” after Federal Reserve Chair Jerome Powell struck a dovish tone at his speech at Jackson Hole. Big Tech or broadening? Jimmy Lee of Wealth Consulting Group sees the market broadening continuing this week with cyclical sectors and homebuilders benefiting from the enthusiasm over potential Fed rate cuts. “I think we see a broadening that’s going to be a big big part of why the indexes should continue to go up,” Lee said. “We have been long cyclical sectors, you have seen it already in small cap stocks.” Lee added that he sees upside in homebuilders and mortgage companies such as Rocket and UWM . “If rates come down from the 7s to the 5s I think you see an incredible amount of activity that has been locked up in housing unlocked.” Tech trade outside megacaps Drew Pettit of Citi sees opportunity in two areas of tech outside of the AI names that dominate the major indices, fintech and wearable tech. “You should be looking at some themes like fintech, that doesn’t have perfection priced in, and wearable technology which gives you a lot of health care names outside of insurance and biotech,” said Pettit. “In both of those cases earnings estimates have held in there even though we have seen earnings estimates outside of growth actually come down.” There are no major ETFs focused on wearable technology, but the SNSR and THNQ ETFs both offer exposure to the space through companies like Garmin and DexCom . Fintech ETFs such as the Ark Fintech Innovation ETF (ARKF) and the iShares Fintech Active ETF( BPAY) have outperformed the market year to date. Countdown to Nvidia earnings Wedbush analyst Dan Ives sees a “risk on” environment for the tech trade after Jackson Hole and before Nvidia earnings after the bell on Wednesday. “You could have a broadening, but growth is going to continue to be concentrated in tech and the AI revolution. I believe the second, third, fourth derivatives of AI are going to continue to play out across chips, software as well as power and the grid,” Ives said. He also believes investors will shake off some of the headwinds for the tech trade including elevated valuation, a recent MIT report finding 95% of companies are not seeing a benefit from generative AI and Sam Altman comments that the AI trade may be a bubble. “I think that added some white knuckles, but I think the risk on trades here are perfect,” Ives said. On Friday, the iShares MSCI USA Momentum Factor ETF (MTUM) underperformed the market following the Jackson Hole speech, while the Invesco S & P 500 High Beta ETF (SPHB) doubled the performance by the S & P 500.
Renowned film producer Boney Kapoor has approached the Madras High Court alleging that three individuals have been unlawfully claiming right over an immovable property purchased by his wife and veteran actor A. Sridevi (since dead) at East Coast Road (ECR) in Chennai in 1988.
Justice N. Anand Venkatesh on Monday (August 25, 2025) directed the Tambaram Taluk Tahsildar to take a decision within four weeks on a representation made by the film producer to cancel a “fraudulent” legal heirship certificate that had been granted in favour of the three indviduals.
The orders were passed while disposing of a writ petition filed by the producer seeking a direction to the Chengalpattu Collector and Tambaram Taluk Tahsildar to dispose of a representation made by him on April 22, 2025, for cancelling the legal heirship certificate.
Explaining the background of the case, Mr. Kapoor told the court that his wife had purchased the property on April 19, 1988, and since then, she and her family members had been in absolute possession and enjoyment of the property now being used as a farm house.
The petitioner also told the court that the land originally belonged to a person named M.C. Sambanda Mudaliar, who had three sons and two daughters. The family members had entered into a mutual arrangement on February 14, 1960, with respect to the division of the property between them.
It was based on this agreement that Sridevi had purchased the property and duly registered the sale deed. However, suddenly, three individuals began contending that they too had an undivided shared over the property by claiming to be the second wife and two children of one of the three sons of Mr. Mudaliar.
Stating that the claimants had also obtained a legal heirship certificate from the Tambaram Tahsildar in 2005, the petitioner questioned the jurisdiction of the revenue official to issue such a certificate when the family of the original land owner had, all along, resided in Mylapore and not in Tambaram.
Further, pointing out that the second wife claims to have got married on February 5, 1975, the petitioner said, it could not be considered a legal marriage since the first wife had died only on June 24, 1999. Therefore, the three individuals could not be classified either as Class-I or Class-II legal heirs under the Hindu Succession Act, he said.
Complaining that the trio had been causing a lot of trouble by instituting multiple civil proceedings and approaching the revenue authorities to stake claim over the property on the basis of the “fraudulent” legal heirship certificate, Mr. Kapoor had urged the officials to cancel the certificate at the earliest.
Published – August 25, 2025 06:02 pm IST