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☆ Goldman Sachs is strong, Netflix raises questions: What we learned from earnings this week
▼ + stars: | 2024-04-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

Of those companies, 73.6% have beaten earnings expectations, FactSet data shows. Investment banks doing well, BofA not so much The major banks that posted results this week — Goldman Sachs , Morgan Stanley and Bank of America — beat earnings expectations. Bank of America shares fell more than 3% despite the company beating on both top and bottom lines. Mixed earnings picture Although nearly three-quarters of the reported earnings so far have topped expectations, the broader earnings picture is more muddled. The blended earnings growth rate, which considers the reports already out and the estimates from those still pending, sits at just 0.16%.

Persons: — Goldman Sachs, Morgan Stanley, Alastair Borthwick, Wells, Mike Mayo, Goliath, Mayo, Goldman Sachs, Wells Fargo's Mayo, Goldman, Ebrahim Poonawala, cyberattack, George Hill, Doug Anmuth, Jessica Reif Ehrlich, Canaccord Genuity, Chris Harvey Organizations: Investment, Bank of America —, Bank of America, Bank of America's, JPMorgan, Wells, of America, Deutsche, Netflix, NFLX's, Revenue, Microsoft, Exxon Mobil

☆ Wells Fargo's Chris Harvey says 'I don't feel bullish' — a day after hiking S&P year-end target to highest on Street
▼ + stars: | 2024-04-09 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +2 min

Wells Fargo Securities' Chris Harvey hiked his S & P 500 year-end price target by about 20% this week. Harvey, who once referred to himself during a CNBC interview as " not a real positive guy ," raised his official 2024 S & P 500 target to 5,535 on Monday. That's good for growth. That's good for momentum, and it's good for large caps," Harvey added. Harvey's S & P 500 2023 year-end target was 4,420.

Persons: Chris Harvey, Harvey Organizations: Wells Fargo Securities, CNBC, Labor Department Locations: Wells Fargo

☆ Wells Fargo's Chris Harvey hikes S&P target by 20% - but still doesn't feel bullish, here's why
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo's Chris Harvey hikes S&P target by 20% - but still doesn't feel bullish, here's whyChristopher Harvey, Wells Fargo Securities Head of Equity Strategy, joins 'Fast Money' to explain why he is hiking his S&P 500 price target despite not feeling bullish on the market.

Persons: Wells, Chris Harvey, Christopher Harvey Organizations: Wells, Wells Fargo Securities Head, Equity Locations: Wells Fargo

☆ Watch CNBC's full interview with the 'Closing Bell' market watchers
▼ + stars: | 2024-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with the 'Closing Bell' market watchersVictoria Fernandez, chief market strategist at Crossmark Global Investments, Chris Harvey, head of equity research at Wells Fargo, and Dan Greenhaus, Solus Alternative Asset Management chief strategist, join 'Closing Bell' to discuss if an equity pullback is healthy, how investors should position in today's market, and more.

Persons: Victoria Fernandez, Chris Harvey, Dan Greenhaus Organizations: Crossmark Global Investments, Asset Management Locations: Wells Fargo

☆ Three Fed rate cuts may be highly unlikely, says Wells Fargo's Chris Harvey
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree Fed rate cuts may be highly unlikely, says Wells Fargo's Chris HarveyChris Harvey, Wells Fargo head of equity strategy, joins 'Closing Bell' to discuss sector strategies and his market playbook.

Persons: Wells, Chris Harvey Chris Harvey Locations: Wells Fargo

☆ No, Sam Altman doesn't actually own half a billion dollars of Reddit stock
▼ + stars: | 2024-02-29 | by ( Madeline Berg | Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

Reddit filed for an IPO, revealing nearly 10% of its shares are owned by entities related to Sam Altman. AdvertisementLast week, not long after Reddit made moves toward a public listing, headlines began to appear about an unexpected figure: Sam Altman. For example, Hydrazine Capital II is listed as owning nearly 9.9 million shares of Reddit. But Altman, at most, owns 5% of Hydrazine Capital II's holdings, or 492,720 of its Reddit shares. AdvertisementThe various entities point to a side of Altman — Altman the investor — that has receded from view since he has become known to the public as OpenAI's CEO.

Persons: Reddit, Sam Altman, Altman, —, tech's, Reddit's, that's, he's, Chris Harvey, Altman — Altman, ADVs, Peter Thiel, Cruise, Steve Huffman, Alexis Ohanian Organizations: Service, Business, Securities and Exchange Commission, Harvey, Apollo, Apollo Projects, SPV, SEC, Investors, University of Michigan, Helion Energy, Facebook, Google Locations: Altman

☆ Economic environment not conducive for broadening in the markets, says Wells Fargo's Chris Harvey
▼ + stars: | 2024-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomic environment not conducive for broadening in the markets, says Wells Fargo's Chris HarveyChris Harvey, Wells Fargo Securities head of equity strategy, joins 'Fast Money' to talk his market predictions for the rest of 2024.

Persons: Wells, Chris Harvey Chris Harvey Organizations: Wells, Wells Fargo Securities Locations: Wells Fargo

☆ Wells Fargo's Chris Harvey warns of a potential market pullback
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo's Chris Harvey warns of a potential market pullbackChris Harvey, Wells Fargo head of equity strategy, joins 'Closing Bell' to discuss risks to the market rally.

Persons: Wells, Chris Harvey Locations: Wells Fargo

☆ Stock futures inch lower after Dow notches new high for the year: Live updates
▼ + stars: | 2023-11-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures fell slightly in overnight trading after the Dow Jones Industrial Average notched a new 2023 high and capped off its best month in more than a year. Futures tied to the 30-stock index dipped 20 points, or 0.06%, while S&P 500 futures and Nasdaq-100 futures slipped 0.1% and 0.15%, respectively. The Dow Jones Industrial Average surged 520 points, or 1.47%, to settle at 35,950.89 and top its previous 2023 high hit in August. The S&P and Nasdaq rallied 8.9% and 10.7%, respectively, to notch their best monthly performances since July 2022. Both the Dow and S&P are also headed for a winning week, with the Dow on pace to hit a fifth consecutive winning week for the first time in more than two years.

Persons: Stocks, Everyone's, Wells, Chris Harvey, CNBC's Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Disney, Dow, Dominion Energy, Gartner, Cardinal Health

☆ Wells Fargo Chris Harvey on the market: Time to get defensive
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo Chris Harvey on the market: Time to get defensiveChris Harvey, Wells Fargo securities head of securities, joins 'Closing Bell' to discuss his 2024 playbook and more.

Persons: Wells, Chris Harvey Locations: Wells Fargo

☆ 'It's beginning to look a lot like VIX-mas.' What Wall Street's fear gauge is saying right now
▼ + stars: | 2023-11-29 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

"It's beginning to look a lot like 'VIX-mas,'" Jonathan Krinsky, chief market technician at BTIG, wrote in a note Sunday. Wells Fargo's Chris Harvey on Monday wrote that a low VIX is historically a bad sign for markets entering a new year. .VIX 5Y mountain CBOE Market Volatility Index, 5 years "We think 2024 will be a 'trader's market,' not a buy-and-hold situation," Harvey wrote. "But we ultimately think, you know, beyond that, it's poised to go lower just given the low volatility cycle that's been in place." The question is whether we are entering a new period of low volatility as the norm starting in 2024.

Persons: Jonathan Krinsky, BTIG's Krinsky, Wells Fargo's Chris Harvey, Harvey, SPX, Will Tamplin, Tamplin, it's, Oppenheimer's Ari Wald, Wald, " Wald, Krinsky Organizations: Apple, Microsoft, Nvidia Locations: U.S

☆ Stocks are headed nowhere fast with high rates likely to weigh on the S&P 500 for all of 2024, Wells Fargo says
▼ + stars: | 2023-11-28 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Stocks won't bring much joy in 2024, according to Wells Fargo. The bank expects the benchmark S&P 500 to trade within a narrow range the whole year. AdvertisementInvestors shouldn't count on the stocks' stellar run lasting much longer with higher interest rates likely to weigh on the market for all of 2024, according to Wells Fargo. In a research note published Monday, strategists at the bank said they expected the S&P 500 to be trading at between 4,600 and 4,800 points by the end of 2024. Wells Fargo's latest outlook puts it on the more bearish side of Wall Street, with many analysts saying the S&P 500 could have another strong year with the US economy looking likely to avoid a long-predicted recession.

Persons: —, Austin Pickle, Wells, Chris Harvey –, they're Organizations: “ Equity, Service, Fargo Investment Institute, Fed, CNBC, Bank of America, Deutsche Bank, RBC Capital Markets Locations: Wells Fargo, Fargo, Wall

☆ Wells Fargo unveils 2024 target, warns of 'really, really sloppy' first half for stocks
▼ + stars: | 2023-11-27 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +1 min

Wells Fargo Securities is officially out with its 2024 stock market forecast. The second half will be better, but the first half is going to be really, really sloppy." In his official 2024 outlook note, Harvey told clients to brace for a "trader's market" instead of a "buy-and-hold situation." We've seen the equity market pull back, and it's just not a great setup into 2024," Harvey added. He warns the higher cost of capital is an additional market problem because it prevents multiples from going higher.

Persons: Chris Harvey, CNBC's, Harvey, it's Organizations: Wells Fargo Securities Locations: Wells Fargo

☆ Small-caps and value stocks just don't work in this environment, says Wells Fargo's Harvey
▼ + stars: | 2023-11-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmall-caps and value stocks just don't work in this environment, says Wells Fargo's HarveyChris Harvey, Wells Fargo Securities head of equity strategy, joins 'Squawk on the Street' to discuss Harvey's thoughts on equities this year, why Harvey likes 'uber-cap' stocks, and the spread between small and large-cap stocks.

Persons: Wells Fargo's Harvey Chris Harvey, Harvey Organizations: Wells, Wells Fargo Securities Locations: Wells Fargo

☆ Earnings estimates for next year are too optimistic, says Wells Fargo's Chris Harvey
▼ + stars: | 2023-10-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings estimates for next year are too optimistic, says Wells Fargo's Chris HarveyChris Harvey, Wells Fargo Securities head of equity strategy, joins 'Closing Bell' to discuss earnings season, estimates, and where the markets and economy go.

Persons: Wells, Chris Harvey Chris Harvey Organizations: Wells, Wells Fargo Securities Locations: Wells Fargo

☆ Wells Fargo’s message to investors: Use market strength to take risk out of your portfolio
▼ + stars: | 2023-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo’s message to investors: Use market strength to take risk out of your portfolioChris Harvey, Wells Fargo Securities Head of Equity Strategy, joins the ‘Fast Money’ traders to discuss his expectations going into earnings season.

Persons: Wells, Chris Harvey Organizations: Wells, Wells Fargo Securities Head, Equity Locations: Wells Fargo

☆ I wouldn't touch the Instacart IPO 'with a 10-foot pole', says David Bahnsen
▼ + stars: | 2023-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI wouldn't touch the Instacart IPO 'with a 10-foot pole', says David BahnsenDavid Bahnsen, The Bahnsen Group founder, and Chris Harvey, Wells Fargo Securities head of equity strategy, joins 'Closing Bell Overtime' to talk Instacart's possible pricing, the day's market action and more.

Persons: David Bahnsen David Bahnsen, Chris Harvey Organizations: Bahnsen, Wells, Wells Fargo Securities Locations: Wells Fargo

☆ Here's why stocks are still vulnerable in September
▼ + stars: | 2023-08-28 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The bad news is, stocks still aren't cheap, rates still seem like they want to push higher, and China is definitely weaker. Stocks are vulnerable in September: The 'pain trade' is down After that, it's time to repair some damage to the markets. Here's the good news: even though stocks have been straight down most of this month, 5% off the highs is a pretty garden variety correction. Nvidia and AI stocks: how much more do you want? I don't know if that is true, but it sure looks like much of the demand for AI stocks has been pulled forward.

Persons: Jerome Powell's Jackson, Powell, Stocks, there's, Banks, Russell, Susan Collins, Patrick Harker, Joachim Nagel, Thursday's, I'm, Chris Harvey, it's, Jackson Organizations: Federal, deflator, Regional Bank ETF, Energy, Boston, Financial Times, Philadelphia Fed, CNBC, ECB, Nvidia, Microsoft, Cisco, Intelligence, Technology, IBM Locations: China, Wells Fargo, Jackson

☆ Play uber caps for rest of year due to ‘melt up’ potential, says Wells Fargo's Chris Harvey
▼ + stars: | 2023-08-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPlay uber caps for rest of year due to ‘melt up’ potential, says Wells Fargo's Chris HarveyChris Harvey, Wells Fargo Securities Head of Equity Strategy, joins 'Fast Money' to talk uber caps and how to play them in the current market.

Persons: Wells, Chris Harvey Chris Harvey Organizations: Wells, Wells Fargo Securities Head, Equity Locations: Wells Fargo

☆ Thursday's CPI print will be another bit of good news for the Fed, says UBS' Jonathan Pingle
▼ + stars: | 2023-08-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThursday's CPI print will be another bit of good news for the Fed, says UBS' Jonathan PingleChris Harvey, Wells Fargo Securities head of equity strategy, and Jonathan Pingle, chief U.S. economist at UBS Investment Bank, join 'Squawk on the Street' to discuss what the latest Federal Reserve headlines mean for markets and the economy, when equity volatility will wane, and much more.

Persons: Jonathan Pingle Chris Harvey, Jonathan Pingle Organizations: UBS, Wells, Wells Fargo Securities, UBS Investment Bank, Federal Locations: Wells Fargo

☆ Watch CNBC's full interview with Wells Fargo's Christopher Harvey and UBS' Jonathan Pingle
▼ + stars: | 2023-08-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wells Fargo's Christopher Harvey and UBS' Jonathan PingleChris Harvey, Wells Fargo Securities head of equity strategy, and Jonathan Pingle, chief U.S. economist at UBS Investment Bank, join 'Squawk on the Street' to discuss what the latest Federal Reserve headlines mean for markets and the economy, when equity volatility will wane, and much more.

Persons: Wells Fargo's Christopher Harvey, Jonathan Pingle Chris Harvey, Jonathan Pingle Organizations: UBS, Wells, Wells Fargo Securities, UBS Investment Bank, Federal Locations: Wells Fargo

☆ Wells Fargo's Chris Harvey: Stock pullback will be 'relatively short and shallow'
▼ + stars: | 2023-08-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo's Chris Harvey: Stock pullback will be 'relatively short and shallow'Chris Harvey, Wells Fargo Securities head of equity strategy, joins 'Closing Bell' to discuss a pullback in the market following Fitch's rating downgrade, opportunities for investment outside of prominent growth names, and troubling valuation of the overall market.

Persons: Wells, Chris Harvey Organizations: Wells, Wells Fargo Securities Locations: Wells Fargo

☆ U.S. debt downgrade sinks global markets — but economists are not concerned
▼ + stars: | 2023-08-02 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Global stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States' long-term credit rating — but top economists say there is nothing to worry about. U.S. stock futures were sharply lower after the downgrade, pointing to a fall of almost 300 points for the Dow Jones Industrial Average at the Wednesday open on Wall Street. Current Treasury Secretary Janet Yellen described the downgrade as "outdated." Phillips said the downgrade "should have little direct impact on financial markets as it is unlikely there are major holders of Treasury securities who would be forced to sell based on the ratings change." Harvey noted that, ahead of the 2011 S&P downgrade, stocks were in correction territory, credit spreads were widening, rates were falling, and the global financial crisis "was still in the market's collective conscience" — whereas the conditions today are "almost the opposite."

Persons: Fitch, Larry Summers, Mohamed El, Erian, Summers, Janet Yellen, Goldman Sachs, Alec Phillips, Phillips, Wells, Chris Harvey, Harvey, Mark Mobius, they've, CNBC's Organizations: United, AAA, Dow Jones, U.S ., Allianz Chief, Treasury, Wells Fargo Securities Head, Equity, CNBC, ., Mobius Capital Partners Locations: United States, London, Asia, Pacific, Wells Fargo, U.S

Smith’s office interviewed Georgia Secretary of State Brad Raffensperger last month as part of the federal probe into Trump’s efforts to subvert the peaceful transition of power. Raffensperger, an elected Republican, repeatedly pushed back on Trump’s demands in 2020, as he and his family, in addition to other election workers in the state, faced an onslaught of threats. Harvey left his job at the secretary of state’s office about six months after the 2020 election. Separately, a grand jury in Fulton County is expected to consider state charges against Trump and his Republican allies for trying to overturn the 2020 election in Georgia. Fulton County District Attorney Fani Willis, an elected Democrat, launched the investigation in early 2021, and has indicated that final charging decisions could come next month.

Persons: Donald Trump’s, Brad Raffensperger’s, Jack Smith, Donald Trump, ”, Brad Raffensperger, Chris Harvey, Harvey, Trump, Fani Willis Organizations: CNN, Federal, Farm Arena, baselessly, FBI, Georgia, Republican Locations: Atlanta’s, Georgia, Atlanta , Georgia, Fulton, Fulton County

☆ Why better-than-expected earnings this reporting season may have trouble boosting market further
▼ + stars: | 2023-07-13 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

They are very high, and that may prevent stock prices from moving forward even if earnings reports exceed estimates. The earnings "apocalypse" — the collapse in earnings that many feared would be coming along with a serious recession in 2023 — has not materialized. What this means is that the price of the S & P 500 has gone up to due multiple expansion, not because earnings estimates have been rising dramatically. Bottom line: The S & P 500 at 4,400 with forward earnings at $230 today (19.2 multiple) is not nearly as appealing as the S & P was in January, when it was at 3,800 with forward earnings at $220 (17.2 multiple). It's the easiest path to get the overall market higher.

Persons: Savita Subramanian, —, Chris Harvey, Wells, Nick Raich, Nicholas Colas, DataTrek Organizations: BofA Securities, Delta, Microsoft, Nvidia, P Technology, Big Tech Locations: Wells Fargo

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