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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumer discretionary spend is starting to fade, says Allspring's Bryant VanCronkhiteBryant VanCronkhite, portfolio manager at Allspring Global Investments,, joins 'Power Lunch' to discuss his expectations for tomorrow's CPI report and the state of the consumer.
Persons: Allspring's Bryant VanCronkhite Bryant Organizations: Allspring Global Investments, CPI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors need to respect the reality of a possible recession, says Allspring's Bryant VanCronkhiteBryant VanCronkhite, Allspring Global Investments portfolio manager, joins 'Power Lunch' to discuss the Fed minutes and what it means for the market.
Persons: Allspring's Bryant VanCronkhite Bryant Organizations: Allspring Global
If you're looking at this year's economic outlook to inform your investing decisions, you may want to rethink that strategy. Investors like Bryant VanCronkhite, a senior portfolio manager at Allspring , agree that the environment is ripe for active management. The days of overpriced equities that benefited from low interest rates will soon hit a brick wall. One option is to take a cue from Wall Street's top analysts — and TipRanks, a financial data firm, has analyzed reams of data to compile useful lists. Below is a set of seven mid-cap stocks that analysts have given "strong buy" ratings with high upside.
Persons: It's, Long, Goldman Sachs, Jean Boivin, Bryant, Organizations: Business, Bank of, BlackRock Investment Institute, Allspring, NYSE, Nasdaq
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStaples and health care look increasingly attractive: Allspring's Bryant VanCronkhiteBryant VanCronkhite, senior portfolio manager at Allspring Global Investments, joins 'Power Lunch' to discuss the state of markets and the likelihood of a Christmas rally.
Persons: Allspring's Bryant VanCronkhite Bryant VanCronkhite Organizations: Staples, Allspring Global Investments
For every two U.S. consumer staples stocks that hedge funds have shorted, they have bought one, Goldman Sachs said. U.S. companies ranging from supermarkets to beer have been under pressure on concerns about the impact of weight-loss drugs like Ozempic, Wegovy and Mounjaro. Shares in the U.S. consumer staples sector (.SPLRCS) are down roughly 8% this year, which some investors see as an overreaction to the new weight-loss drugs. "Consumer staples has been ignored and beaten up," said Bryant VanCronkhite, equities senior portfolio manager at Allspring Global Investments LLC. PORTFOLIO ROTATIONEuropean hedge funds have bought defensive stocks in October, while selling cyclicals, according to Goldman Sachs.
Persons: Goldman Sachs, Bryant, Carolina Mandl, Sharon Singleton, Leslie Adler Organizations: Allspring Global Investments, Thomson Locations: Europe, U.S, Israel, United States, Norway, Denmark, Germany, defensives, New York
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. Nvidia (NVDA.O) shares have surged almost 205% year to date, while Meta Platforms (META.O) has surged about 160% as investors anticipate the potential AI may unlock. That spending has led investors to search for stocks that will reap the benefits of the boost in spending in construction and engineering. "You have to look harder at these companies about what their end market really is, even though they're in a sector." Reporting by Chuck Mikolajczak; additional reporting by Lance Tupper, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Kim Forrest, Morgan Stanley, hasn’t, Bryant VanCronkhite, VanCronkhite, Owens Corning, Forrest, Chuck Mikolajczak, Lance Tupper, Louise Heavens Organizations: New York Stock Exchange, REUTERS, Nvidia, Meta, Bokeh Capital Partners, Infrastructure Investment, Jobs, Allspring Global Investments, Reuters, Vulcan, Thomson Locations: New York City, U.S, Pittsburgh, Menomonee Falls , Wisconsin
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFitch's downgrade of US credit rating adds excitement, but won't drive long-term market behaviorBryant VanCronkhite of Allspring Global Investments discusses the market implications of the U.S. credit rating downgrade by Fitch.
Persons: Bryant Organizations: Allspring Global Investments, Fitch
Here are five investments VanCronkhite loves now with market volatility likely to rise in late 2023. According to fund manager Bryant VanCronkhite, many investors make a common mistake when building portfolios: overlooking mid-sized stocks. After all, he's co-managed the $12.8 billion Allspring Special Mid Cap Value Fund (WFPAX) since early 2009 and has crushed his competitors in that span. Investors with the exact same priorities will likely target similar stocks and end up with average returns, VanCronkhite noted. 5 top stocks to buy as market volatility spikesAn outstanding rally for US stocks so far this year could get choppy in the coming months, VanCronkhite warned.
Persons: Bryant VanCronkhite, he's, Morningstar, VanCronkhite, James Tringas, they're suboptimal, VanCronkhite isn't, we're Organizations: Value, Value Fund
That has helped pressure many of the market’s popular dividend-paying stocks, which investors had turned to when rates were far lower. "The dividend-paying value side of the market is a pretty compelling place to go to maintain that return." Nevertheless, investors are seeking out dividend-paying stocks as a source of total return this year in anticipation that bond yields may falter while stocks continue to gain, Silverblatt said. “If you are going into dividend paying stocks now, you are taking that risk because you think there's a high probability that the market goes up," he said. Corso is searching for dividend-paying companies in cyclical sectors such as financials, where valuations are less expensive.
Persons: Jurrien Timmer, Howard Silverblatt, Dow, Silverblatt, hadn't, Cliff Corso, Corso, Bryant VanCronkhite, David Randall, Ira Iosebashvili Organizations: YORK, Federal Reserve, Fidelity Investments, BoFA Global Research, Dow Jones Indices, Companies, Asset Management, Fed, Allspring Global Investments, Thomson
REUTERS/Peter DaSilvaNEW YORK, June 21 (Reuters) - Meta Platforms (META.O) will return to its former status as a full growth stock after financial data provider FTSE Russell finishes its annual shakeup of its stock index components on Friday. Every year, FTSE Russell reconstitutes, or refreshes, the components across its indexes, such as the Russell 2000 (.RUT) index of small cap stocks and Russell 1000 (.RUI) index of large-cap names. There are also style indexes such as the Russell 1000 Growth (.RLG) and Russell 2000 Value (.RUJ). FTSE Russell says about $12.1 trillion is currently benchmarked to the Russell US equity indexes. "The growth indexes look more like growth benchmarks and the value indexes look more like cyclical value indices," said Steven DeSanctis, equity analyst at Jefferies in New York.
Persons: Peter DaSilva, Russell, FTSE Russell reconstitutes, RUI, Goldman Sachs, Stocks, Goldman, Bryant VanCronkhite, VanCronkhite, Catherine Yoshimoto, Steven DeSanctis, You've, Thomas Martin, Chuck Mikolajczak, Alden Bentley, Matthew Lewis Organizations: Facebook, Meta, REUTERS, Russell, FTSE, FTSE Russell, London Stock Exchange, Allspring Global Investments, Walmart, Jefferies, Nasdaq, New York Stock Exchange, Globalt Investments, Thomson Locations: Mountain View , California, U.S, Menomonee Falls , Wisconsin, New York, Atlanta
Megacap technology and growth stocks, which benefit from lower interest rates, have led the market's advance. A Congressional package raising the debt ceiling, meanwhile, is expected to cap spending on government programs. The debt ceiling impasse had weighed on stocks in recent days, but for the most part investors had been expecting Washington to reach a deal. At the same time, the equity market has only just begun to start pricing in more Fed hikes, she added. "The ongoing effects of monetary policy now are setting us up for this wall of debt that people aren't talking about with enough vigor," he said.
The Commerce Department reported retail sales rose 0.4% in April, at half the pace against an expected increase of 0.8%. "The retail sales data has been positive in several months, but it's still weak," said Jamie Cox, managing partner at Harris Financial Group. You are probably seeing the end of the decline in retail sales, but it's not going to be a smooth ride from here." Dow Jones Industrial Average (.DJI) component Home Depot (HD.N) shed 1.4%, hitting its lowest level in over six months after the company lowered its annual sales forecast. Shares of Capital One Financial Corp (COF.N) jumped 2.4%, rising the most on the S&P 500, after Berkshire Hathaway Inc (BRKa.N) on Monday disclosed it has begun investing in the consumer lender.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Allspring Global Investments' Bryant VanCronkhiteBryant VanCronkhite, senior portfolio manager at Allspring Global Investments, joins 'The Exchange' to discuss dividend paying stocks in industrials and materials, navigating Fed policy and understanding secular demand versus cyclical.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed telling investors it won't save market or struggling companies, says Allspring's Bryant VanCronkhiteBryant VanCronkhite, senior portfolio manager at Allspring Global Investments, joins 'The Exchange' to discuss dividend paying stocks in industrials and materials, navigating Fed policy, and understanding secular demand versus cyclical.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed will turn focus from inflation to employment, says Allspring's Bryant VanCronkhiteBryant VanCronkhite, Allspring Global senior portfolio manager, joins 'The Exchange' to discuss the Fed's next move and secular investment plays.
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