Investors ready for ‘sharp drop’ | Mark Cuban’s IPO warning | Hulu takeover

A record number of investors are scrambling to protect their portfolios from another sharp drop.

VIEW IN BROWSER | SUBSCRIBE TUE, MAY 14, 2019 EVENING BRIEF AS OF TUE, MAY 14, 2019 • 04:03 ET DJIA 25532.32 +0.82% +207.33 S&P 500 2834.45 +0.80% +22.58 NASDAQ 7734.49 +1.14% +87.47   Most Active DOW NAME LAST CHG %CHG AAPL 188.66 +2.94 +1.58% PFE 40.66 +0.09 +0.22% CSCO 52.02 +0.72 +1.40% S&P 500 NAME LAST CHG %CHG AMD 27.32 +1.08 +4.12% GE 10.32 +0.45 +4.56% BAC 28.62 +0.37 +1.31% NASDAQ NAME LAST CHG %CHG AMD 27.32 +1.08 +4.12% AAPL 188.66 +2.94 +1.58% SIRI 5.63 +0.06 +1.08% EDITOR'S NOTE As the trade war drags on, a record number of investors are scrambling to protect their portfolios from another sharp drop. According to a new Bank of America Merrill Lynch survey out this week, 34% of investors say they secured downside protection against a big decline in the stock market over the next three months. That's the highest level in the history of the poll, CNBC's Tom Franck reports. The bank's chief investment strategist, Michael Hartnett, said no trade deal ahead of the survey meant "investor mood has soured significantly." He flagged vulnerable long positions in U.S. stocks, emerging markets, tech and banks if technical levels don't hold up this week. More fund managers are now highlighting "trade war" as the No. 1 global tail risk to stock performance. And despite a rally Monday, the investors surveyed don't think the recent selling is over. Kate Rooney | CNBC Markets Reporter @Kr00ney TOP NEWS  Dow jumps more than 200 points, making back half of Monday's drop Uber underwriters worried about the IPO deployed unusual 'naked short' tactic to support the stock Apple is the 'poster child' for trade tensions and if its stock bounces, so could market Markets signal to US and China on the trade war: You have 'blundered into a minefield' Mark Cuban says Uber's poor IPO is a wake-up call for Silicon Valley: 'They just waited too long' Fed's Esther George says there's no need for a rate cut even with the trade threat looming Disney to take full control over Hulu, Comcast has option to sell its stake in 5 years Beyond Meat shares spike another 14%, leaving Uber in the dust after IPO Chinese state media touts '5,000 years of trials and tribulations,' gearing up for a long trade war The cost of your shoes could jump thanks to the US-China trade war   CNBC PRO Credit Suisse has a portfolio of takeover plays that's beat the market the last 5 years     TOP VIDEO Watch CNBC's full interview with Mark Cuban   SPECIAL REPORTS Here's what could take bitcoin to its all-time high, according to longtime bull Tom Lee Trying to predict the market off the escalating trade war is 'truly insane,' Wall Street bull Tony Dwyer says   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS