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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with RBC's Lori Calvasina, Crossmark's Victoria Fernandez and Gabelli's Kevin DreyerRBC's Lori Calvasina, Crossmark's Victoria Fernandez and Gabelli's Kevin Dreyer, join 'Closing Bell' to discuss markets as the S&P 500 breaks below 5,000.
Persons: RBC's Lori Calvasina, Victoria Fernandez, Gabelli's Kevin Dreyer, Lori Calvasina
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe S&P 500 break doesn't mean it's time to be an uber bear, says RBC's Lori CalvasinaRBC's Lori Calvasina, Crossmark's Victoria Fernandez and Gabelli's Kevin Dreyer, join 'Closing Bell' to discuss markets as the S&P breaks below 5,000.
Persons: RBC's Lori Calvasina RBC's Lori Calvasina, Victoria Fernandez, Gabelli's Kevin Dreyer
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomic crosscurrents creating questions around earnings season, says Crossmark's Bob DollBob Doll, Crossmark Global Investments CEO and CIO, joins 'Squawk on the Street' to discuss what the week's commodity performance tells Doll, if there's a challenging period ahead for equity markets, and more.
Persons: Bob Doll Bob Doll Organizations: Global
These robust gains come after a lackluster year for energy stocks. The energy sector fell roughly 5% in 2023, underperforming the broader S&P 500’s double-digit gains as concerns about the global economy hurt energy demand. Some investors say that energy stocks are poised for more gains, given the continued geopolitical turmoil and the US economy’s resilience. Energy stocks often do well when the economy is strong, since there’s more energy demand to fuel goods- and services production. Plug Power shares have slipped 34% this year, SolarEdge Technologies shares have tumbled 25% and Enphase Energy shares have slid 8%.
Persons: Nancy Curtin, , , Bob Doll, he’s, Donald Trump, Trump, Matt Egan, ” Alex Durante, Read, Alicia Wallace, Price Organizations: CNN Business, Bell, New York CNN — Energy, Marathon Petroleum, Exxon Mobil, Occidental Petroleum, Halliburton, West Texas, Brent, Federal Reserve, Energy, RBC Capital Markets, Crossmark Global Investments, Organization of, Petroleum, Clean Energy, SolarEdge Technologies, Enphase Energy, Tax Foundation, CNN, Trump, of Labor Statistics, PPI Locations: New York, Ukraine, OPEC, China, Mexico
How the corporate America is handling sticky inflation and the prospect of higher interest rates will be top of mind for investors in the week ahead, after this week's choppy moves. The first-quarter earnings season, which kicked off Friday, will give Wall Street insight into how businesses expect to weather an environment of elevated interest rates. More macro data, such as U.S. retail sales, will give insight into how the consumer is handling higher pricing pressures. First-quarter earnings season underway The corporate earnings season kicks into high gear in the week ahead. This week, the small cap Russell 2000 is on track for a losing week, down by more than 1%.
Persons: Bob Doll, CNBC's, Wolfe, Rob Ginsberg, Ginsberg, Goldman Sachs, Morgan Stanley, FactSet, Robert Haworth, Haworth, Charles Schwab, Johnson, D.R, KeyCorp Organizations: Dow Jones Industrial, Exxon Mobil, Costco, Apple, Crossmark, Investments, Investors, Bank of America, Consumer, U.S . Bank, Index, Retail, T Bank, Housing, Manufacturing, Hunt Transport Services, United Airlines, Johnson, Bank of New York Mellon, UnitedHealth Group, Northern Trust, CSX, Discover Financial Services, Prologis, U.S . Bancorp, Philadelphia Fed, American Express, Procter, Gamble, Fifth Third Bancorp, Schlumberger Locations: America, China, NAHB, Vegas Sands, U.S, Horton
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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis has been a momentum-driven bull market, says Victoria FernandezVictoria Fernandez, Chief Market Strategist at Crossmark Global Investments, discusses the market action this week and the trading day ahead.
Persons: Victoria Fernandez Victoria Fernandez Organizations: Crossmark Global Investments
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRecession will still happen as Covid savings have run out, says Crossmark's Bob DollBob Doll, Crossmark Global Investments CIO, joins 'Squawk on the Street' to discuss why valuations aren't more of a concern, Doll's guidance on a recession, and more.
Persons: Bob Doll Bob Doll Organizations: Global Investments
Strong earnings, or rate cuts? Instead of worrying about weak earnings growth and persistently high interest rates, investors are now counting on the opposite. Markets should cut their expectations by half and prepare for mid-single-digit profit growth and three to four rate cuts, Doll said. At that point, a flurry of rate cuts from the Fed wouldn't be enough to save stocks, the Crossmark CIO said. However, there are two mega-cap growth stocks that Doll is enamored with: Meta Platforms ( META ) and Microsoft ( MSFT ).
Persons: , Bob Doll, Doll, who's, . Doll, they're, I'm Organizations: Service, Global Investments, Business, Federal Reserve, BlackRock, Consumer, Microsoft, IBM Locations: Nuveen, What's
S&P 500 futures also inched down 0.1%, while Nasdaq 100 futures slipped just 0.03%. During Monday's main trading session, the S&P 500 lost 0.32%, pulling back from its record high from last week that was powered by megacap tech stocks. "There's a lot of momentum, but I'm worried about [the S&P 500 at] 20 times earnings, and that the Fed's not going to live up to [rate] cut expectations. And I don't see how we get double-digit earnings growth," Doll said on CNBC's "Closing Bell: Overtime" on Monday. On the economic front Tuesday, Wall Street will be keeping an eye out for the New York Fed's household debt and credit report for the fourth quarter.
Persons: Dow, Jerome Powell, Bob Doll, Doll, — I'm, Loretta Mester, Susan Collins, Eli Lilly, Amgen Organizations: New York Stock Exchange, Federal Reserve, Dow Jones, Nasdaq, Palantir Technologies, NXP, Crossmark, Investments, New, Cleveland Fed, Boston Fed, Boeing, Spirit, DuPont, Grill, Ford Locations: New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket can't 'have its cake and eat it too' with hot economy and rate cuts: Crossmark's Bob DollEric Johnston, Cantor Fitzgerald head of equity derivatives & cross asset, and Bob Doll, Crossmark CEO, joins 'Closing Bell Overtime' to talk the day's market action, the recent slate of earnings, new comments from Fed Chair Powell and more.
Persons: Bob Doll Eric Johnston, Cantor Fitzgerald, Bob Doll, Powell
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis may be the worst quarter of 2024, says Virtus Investment's Joe TerranovaDan Greenhaus, Solus Alternative Asset Management chief strategist, Joe Terranova, senior managing director at Virtus Investment Partners, and Victoria Fernandez, chief market strategist at Crossmark Global Investments, join 'Closing Bell' to discuss how they're navigating the sideways markets in 2024.
Persons: Virtus, Joe Terranova Dan Greenhaus, Joe Terranova, Victoria Fernandez Organizations: Asset Management, Virtus Investment Partners, Crossmark Global Investments
"If there is a regime shift, then what has worked could be quite different from what does work," McLennan said. That means the growth stocks that dominated for years may come back to earth in the mid-2020s. He also recommends that investors diversify away from growth stocks that thrived under low rates and instead broaden out to value-oriented names. Valuations explain 80% of a stock's returns over a decade, according to Bank of America. Smead sees energy in stocks in Canada also outperforming in the coming decade, as well as European banks.
Persons: , Peter Bates, Rowe Price, Damanick Dantes, We're, Dantes, you've, He's, Matt McLennan, McLennan, Kimball Brooker, Morningstar, Nicola Stafford, Stafford, it's, Molina, Bates, Russell, Cole Smead, that's, Phillip Colmar, Colmar, Bob Doll, Doll, Smead, Michael Sheldon, Sheldon, who's, there's, Chris Chen, Chen, Roth Organizations: Service, Business, Global, International, McLennan, First Eagle Global Fund, Eagle Investments, Goldman, Asset Management, Stock, Molina Healthcare, Vanguard Value, Healthcare, Bank of America, Comerica Wealth Management, MRB Partners, Canadian, Crossmark Global Investments, BlackRock, Energy, P Bank ETF, RDM Financial, Social Security, Social, Insight Financial, Trust, IRA Locations: Canada, Colmar, United States, Canadian, Europe, Treasuries
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Dan Greenhaus, Victoria Fernandez and Ryan DetrickSolus' Dan Greenhaus, Crossmark's Victoria Fernandez and Carson Group's Ryan Detrick, join 'Closing Bell' to discuss their market outlooks and the state of the consumer.
Persons: Dan Greenhaus, Victoria Fernandez, Ryan Detrick Solus, Carson Group's Ryan Detrick
The week starts off with a bevy of unpleasant surprises for the markets and the economy but with maybe a hope of good news on the inflation front. “The decline in oil prices will feature prominently in explaining October's CPI and PPI reports. Core CPI likely slowed in October as well, with lower prices of new and used cars, lower airfares, and lower shelter costs all leaning the same way. PPI inflation likely moderated in October, too, with diesel prices following crude oil prices lower, albeit not by as much as gasoline. Powell’s comments were not anything new, but the timing seemed to suggest he was dampening down enthusiasm in the markets.
Persons: Moody’s, Mike Johnson, , Bob Doll, Republican Sen, Tim Scott of, David Cameron, Rishi Sunak, Stocks, Bill Adams, Waran Bhahirethan, ” Adams, Jerome Powell spooked, ” Powell, Oliver Rust, Sam Bullard, ” Bullard Organizations: U.S, AAA, Louisiana Republican, GOP, Senate, Crossmark Global Investments, Republican, Tim Scott of South Carolina, Conservative, Analysts, Comerica Bank, PPI, CPI, Federal Reserve, International Monetary Fund, Central Bank, , Wells Locations: U.S, Louisiana, Tim Scott of South, London, Iraq, Syria, Gaza City, September’s, Israel, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with T. Rowe Price's Sebastien Page and Crossmark's Victoria FernandezSebastien Page, T. Rowe Price CIO and head of global multi-asset, and Victoria Fernandez, Crossmark Global Investments chief market strategist, join 'Closing Bell' to discuss what led Page to change his belief towards equity markets, the strategist's thoughts towards equity markets, and much more.
Persons: Rowe Price's Sebastien Page, Victoria Fernandez Sebastien Page, Rowe Price, Victoria Fernandez Organizations: Crossmark Global Investments
A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. "Obviously with yields moving higher, you expect the equity market to pull back a little bit. Better-than-expected economic data, inflation not coming down as anticipated and weak demand at auctions contributed to higher yields," said Victoria Fernandez, chief market strategist at Crossmark Global Investments. Eight of the 11 S&P 500 sub-sectors were in the red, with consumer discretionary (.SPLRCD), energy (.SPNY) and information technology (.SPLRCT) leading declines amongst the major S&P 500 sectors. Third-quarter earnings for the S&P 500 companies are expected to increase 1.1% year-on-year, compared with a 1.6% rise estimated on Thursday, as per LSEG data.
Persons: Brendan McDermid, Jerome Powell, Powell, Victoria Fernandez, Raphael Bostic, Patrick Harker, CME's, Shubham Batra, Shashwat Chauhan, Arun Koyyur, Vinay Dwivedi Organizations: Wall, REUTERS, Dow, Nasdaq, Treasury, Federal, Christian, Economic, of New, Crossmark Global Investments, Atlanta Fed, CNBC, Philadelphia Fed, Traders, Regions, American, Dow Jones, Coinbase Global, Marathon, NYSE, Thomson Locations: New York, U.S, Israel, Gaza, of New York, Bengaluru
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmall-cap stocks will 'lead the way' as economy re-accelerates, says Richard BernsteinBob Doll, Crossmark Global Investments, and Richard Bernstein, Richard Bernstein Advisors, join 'Closing Bell: Overtime' to discuss today's stock gains, what this signals for the market, and more.
Persons: Richard Bernstein Bob Doll, Richard Bernstein Organizations: Investments, Richard Bernstein Advisors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe probability of a financial accident has 'certainly' gone up, says Crossmark's Bob DollBob Doll, Crossmark Global Investments CIO, joins 'Squawk on the Street' to discuss whether yields have separated from anything regarding inflation, whether Doll is paying attention to market parallels to 1987, and how this resolves itself.
Persons: Bob Doll Bob Doll, Doll Organizations: Global Investments
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is coming to terms with higher rates, says Crossmark's Victoria FernandezCharlie Bobrinskoy, Ariel Investments vice chairman, and Victoria Fernandez, Crossmark Global Investments chief market strategist, join 'Closing Bell Overtime' to talk the day's market action.
Persons: Victoria Fernandez Charlie Bobrinskoy, Ariel, Victoria Fernandez Organizations: Crossmark Global Investments
Storm clouds are growing over the U.S. economy as the third quarter winds down this week. There is the ongoing strike by United Auto Workers members against the major car manufacturers. There is the rising price of oil with the international benchmark Brent crude now sitting above $93 a barrel. Aiding the economy’s escape from a downturn has been an unusual set of circumstances that include falling inflation, rising wages and some leftover stimulus from the COVID pandemic. “Such a shutdown could leave a visible mark on the economy,” Gregory Daco, chief economist at EY Parthenon, said last week.
Persons: Bob Doll, ” Gregory Daco, ” Daco, ” Wells Organizations: United Auto Workers, Brent, Crossmark Advisors, Federal Reserve, , Fed Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Solus' Dan Greenhaus, CIC Wealth's Malcolm Ethridge and Crossmark's Victoria GreeneDan Greenhaus, Solus Alternative Asset Management chief strategist, Malcolm Ethridge, CIC Wealth Executive Vice President, and Victoria Greene, G Squared Private Wealth CIO, join 'Closing Bell' to discuss markets, seasonality and sentiment, and more.
Persons: Solus, Dan Greenhaus, Malcolm Ethridge, Victoria Greene Dan Greenhaus, Victoria Greene Organizations: Asset Management, Private Wealth
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe've never had lending standards at this level and not had a recession, says Crossmark's FernandezHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: We've, Crossmark's Fernandez, Brian Sullivan, Organizations: CNBC
The S&P 500 climbed 0.12% to end the session at 4,467.44 points. The Nasdaq gained 0.29% to 13,813.59 points, while the Dow Jones Industrial Average declined 0.20% to 34,575.53 points. The S&P 500 consumer discretionary index (.SPLRCD) climbed 0.9%, lifted as Ford Motor (F.N) rallied 1.5% on the vehicle maker's plans to double the production of its hybrid F-150 pickup trucks in 2024. Declining stocks outnumbered rising ones within the S&P 500 (.AD.SPX) by a 1.5-to-one ratio. The S&P 500 posted 10 new highs and 11 new lows; the Nasdaq recorded 20 new highs and 199 new lows.
Persons: Victoria Fernandez, Raindrops, Mike Segar, that's, Keith Buchanan, Jane Fraser, Xpeng, Ankika Biswas, Shristi, Shubham Batra, Noel Randewich, Savio D'Souza, Vinay Dwivedi, Deepa Babington Organizations: Citi, Nasdaq, Dow, Federal Reserve, Microsoft, Dow Jones, Ford, Crossmark Global Investment, Wall, New York Stock Exchange, REUTERS, GLOBALT Investments, Reuters Graphics Reuters, Citigroup, European Commission, Sprit Airlines, Moderna, Thomson Locations: Manhattan, New York City , New York, U.S, Atlanta, Bengaluru, Oakland, Calif
Megacap growth stocks Tesla (TSLA.O), Meta Platforms (META.O), Microsoft (MSFT.O) and Amazon.com (AMZN.O) gained for much of the session. According to preliminary data, the S&P 500 (.SPX) gained 5.87 points, or 0.13%, to end at 4,467.77 points, while the Nasdaq Composite (.IXIC) gained 39.96 points, or 0.29%, to 13,813.59. Data showed consumer prices increased by the most in 14 months in August as gasoline prices surged, but the annual rise in underlying inflation was the smallest in nearly two years. Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. Reuters Graphics Reuters GraphicsThe Fed is unlikely to cut rates before the April-June period next year, a Reuters poll showed.
Persons: Victoria Fernandez, Mike Segar, that's, Keith Buchanan, Jane Fraser, Xpeng, Ankika Biswas, Shristi, Shubham Batra, Noel Randewich, Savio D'Souza, Vinay Dwivedi, Deepa Babington Organizations: Citi, Federal Reserve, Microsoft, Apple, Nasdaq, Dow Jones, Ford, Crossmark Global Investment, Wall, New York Stock Exchange, REUTERS, GLOBALT Investments, Reuters Graphics Reuters, Citigroup, European Commission, Sprit, Moderna, Thomson Locations: Manhattan, New York City , New York, U.S, Atlanta, Bengaluru, Oakland, Calif
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