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☆ Here's where we've trimmed our portfolio and are reallocating money, says Wells Fargo's Wren
▼ + stars: | 2024-05-16 | 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 EmailHere's where we've trimmed our portfolio and are reallocating money, says Wells Fargo's WrenScott Wren, Wells Fargo Investment Institute senior global market strategist, joins 'Money Movers' to discuss where in Wren's portfolio he would trim, if the stock shopping list is wide outside of the technology sector, and more.

Persons: Wells Fargo's Wren Scott Wren Organizations: Fargo Investment Institute Locations: Fargo

☆ This is the sweet spot in bonds right now, according to Wells Fargo — and it can yield up to 5%
▼ + stars: | 2024-05-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

As investors navigate the Federal Reserve's higher-for-longer interest rate policy — and eventual rate cuts down the road — they should make sure they have their fixed-income portfolio positioned properly, according to Wells Fargo. The Fed last raised rates in July 2023, bringing the fed funds rate to a range of 5.25% to 5.5%. But investors were buoyed by news Wednesday that the consumer price index showed inflation eased slightly in April. Right now, Wells Fargo anticipates two rate cuts this year and just one in 2025, bringing the Fed's target rate to a range of 4.5% to 4.75% by the end of next year, said Scott Wren, senior global market strategist at Wells Fargo Investment Institute. Investors can get exposure to intermediate-term bonds through mutual funds or exchange-traded funds.

Persons: Jerome Powell, Wells, Scott Wren, Wren Organizations: Federal, Wells, Wells Fargo Investment Institute Locations: Wells Fargo

☆ Earnings are holding the market up right now, says Envestnet's Dana D'Auria
▼ + stars: | 2024-05-10 | 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 are holding the market up right now, says Envestnet's Dana D'AuriaScott Wren, Wells Fargo Investment Institute senior global market strategist, and Dana D’Auria, Envestnet co-CIO, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Envestnet's Dana D'Auria Scott Wren, Dana D’Auria, Envestnet Organizations: Fargo Investment Institute Locations: Fargo

☆ Wells Fargo expects two rate cuts in the second half of 2024
▼ + stars: | 2024-04-30 | 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 expects two rate cuts in the second half of 2024Paul Christopher, global head of market strategy at Wells Fargo Investment Institute, Stephanie Roth, chief investment economist at Wolfe Research, and CNBC's Steve Liesman join 'The Exchange' to share their expectations from the Federal Reserve on rate cuts.

Persons: Paul Christopher, Stephanie Roth, Steve Liesman Organizations: Wells, Wells Fargo Investment Institute, Wolfe Research, Federal Locations: Wells Fargo

☆ Tension in the Middle East, hot inflation rattle stocks. Take these steps to shore up your portfolio
▼ + stars: | 2024-04-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Conflict in the Middle East escalated over the weekend as Iran launched drones and missiles at Israel, and traders braced for a response. Investors have already been on edge as of late amid climbing oil prices and recent economic data that shows inflation is remaining sticky. Rockier times could be ahead, too, noted Paul Christopher, head of global investment strategy at Wells Fargo Investment Institute. Tax-loss harvesting involves selling losers in your taxable account and using these losses to offset realized gains within your portfolio. Extending duration involves adding exposure to bonds with greater price sensitivity to changes in rates.

Persons: Paul Christopher, Christopher, rebalancing, Gargi Pal Chaudhuri Organizations: Wells, Wells Fargo Investment Institute, Information Technology, Communications Services, BlackRock, Treasury Bond ETF Locations: Fresh, Iran, Israel, Wells Fargo, BlackRock

☆ Want to ride the next wave of the AI trade beyond tech? These 2 portfolio stocks fit the bill
▼ + stars: | 2024-04-10 | by ( Morgan Chittum | ) www.cnbc.com time to read: +10 min

Eaton and DuPont are both unconventional AI plays, as the data center market grows to meet the demands of the generative AI boom. Wells Fargo Investment Institute last month described rising data center demand as having positive "trickle-down effects" on the industrial sector. WFII wrote that spending from Big Tech firms into data centers, in particular, creates "meaningful downstream impacts" for industrial companies. Amazon Web Services is reportedly investing nearly $150 billion in data centers within the next 15 years to support AI efforts. During a Barclays investor conference in February, CFO Lori Koch said DuPont's data center and AI exposure will help boost the company's electronics business.

Persons: Eaton, Jensen Huang, Huang, chipmaker, Sameer Samana, WFII, Jim Cramer, Eaton's, DuPont, Lori Koch, Koch, Jim Cramer's Organizations: The, DuPont, Club, Nvidia, Wells, Wells Fargo Investment Institute, CNBC, Big Tech, —, Microsoft, Services, McKinsey, workloads, Electrical, Management, Barclays, Wall Street, RBC Capital Markets, Eaton, RBC, U.S, De Nemours, DuPont's Electronics, Semiconductor Technologies, DuPont's Semiconductor Technologies, Jim Cramer's Charitable Locations: Wells Fargo, U.S, Eaton, China

☆ Watch CNBC's full interview with Scott Wren and Adam Crisafulli
▼ + stars: | 2024-04-04 | 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 Scott Wren and Adam CrisafulliScott Wren, Wells Fargo Investment Institute senior global equity strategist, and Adam Crisafulli, Vital Knowledge founder, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Scott Wren, Adam Crisafulli Scott Wren, Adam Crisafulli Organizations: Fargo Investment Institute, Vital Knowledge Locations: Fargo

☆ Today's market moves were largely due to geopolitical tensions, says Wells Fargo's Scott Wren
▼ + stars: | 2024-04-04 | 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 EmailToday's market moves were largely due to geopolitical tensions, says Wells Fargo's Scott WrenScott Wren, Wells Fargo Investment Institute senior global equity strategist, and Adam Crisafulli, Vital Knowledge founder, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Wells Fargo's Scott Wren Scott Wren, Adam Crisafulli Organizations: Fargo Investment Institute, Vital Knowledge Locations: Fargo

☆ Broader markets will likely pause as long rates tick up, says Wells Fargo's Sameer Samana
▼ + stars: | 2024-03-25 | 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 EmailBroader markets will likely pause as long rates tick up, says Wells Fargo's Sameer SamanaSameer Samana, Wells Fargo Investment Institute senior global market strategist, joins 'Money Movers' to discuss where it is time to get more defensive, if there's risk built into earnings right now, and more.

Persons: Wells, Sameer Samana Sameer Samana Organizations: Wells Fargo Investment Institute Locations: Wells Fargo

☆ Fed could cut rates fewer times than expected as economy keeps growing, according to CNBC survey
▼ + stars: | 2024-03-19 | by ( Steve Liesman | ) www.cnbc.com time to read: +2 min

But the possible downside of the better forecast: less Fed easing with the possibility that officials at their meeting this week forecast fewer rate cuts in 2024 they did in December. The CNBC Fed Survey respondents include economists, strategists and fund managers. And while the average recession probability is down, about 20% of respondents still say there's an even money chance or greater of a downturn in the next 12 months. "The larger-than-consensus reduction in the federal funds rate in my forecast is contingent on a recession that brings inflation down," said Robert Fry, of Robert Fry Economics. He has a 60% recession probability and sees the Fed slashing rates to 3.6% by year end from the current level of 5.38%.

Persons: Jerome Powell, Tom Williams, John Donaldson, it's, Scott Wren, Robert Fry Organizations: UNITED STATES, Federal, Banking, Housing, Urban Affairs Committee, Inc, Getty, CNBC Fed Survey, Haverford Trust Co, Wells, Investment Institute, CNBC Fed, Robert Fry Economics Locations: U.S

☆ How to invest $100,000 right now, according to the pros
▼ + stars: | 2024-02-27 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

As investors ponder how — and where — to invest in this uncertain climate, CNBC Pro asked market experts where they recommend allocating $100,000. "By investing purely in cash and fixed income, you can already get a decent return," Jia said. And with global central banks cutting rates, fixed income will likely benefit from capital gains as well because of the duration." Within fixed income, Jia likes government bonds from developed countries and investment-grade bonds from "reputable firms," which offer "quality" and "longer-term growth" potential. Investors nearing retirement, for instance, should have a more conservative portfolio mix of 80% in fixed income and 20% in equities, according to Jia.

Persons: Paul Christopher —, Christopher, Kevin Teng, Teng, Morgan Stanley, Rickie Jia, Jia, Group's Teng, Pictet's Jia Organizations: Treasury, Wells Fargo Investment, CNBC Pro, Wrise Wealth Management Singapore, U.S . Federal Reserve, Microsoft, Pictet Wealth Management Locations: Wells Fargo, Asia, East, Europe, U.S

☆ Tech Layoffs Scare Employees but Make Wall Street Investors Happy
▼ + stars: | 2024-02-22 | by ( Emily Stewart | ) www.businessinsider.com time to read: +5 min

It may seem counterintuitive for Wall Street to reward companies for letting people go. After all, layoffs are usually thought to be a sign that the business isn’t doing so hot. And while a lot of the layoff talk is concentrated in tech, investors were also quite pleased about job cuts at Estée Lauder . Many companies took an aggressive approach to hiring during the pandemic, particularly tech companies whose engagement boomed while everyone was stuck at home. The tech companies developing AI products are the best positioned to try them out.

Persons: Estée Lauder, ”, Scott Kessler, Goldman Sachs, Sameer Samana, moonshot, Ted Mortonson, Baird, Kessler, ” Mortonson, hasn’t, Emily Stewart Organizations: Bloomberg, Third, Companies, Wells, Investment Institute, Business Locations: Samana

☆ 'There's very little margin for error': 7 strategists explain why the Goldilocks narrative is in trouble — but these 8 investments are still worth making now
▼ + stars: | 2024-02-16 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

Investors are pricing in a best-case outcome where earnings rise and inflation returns to normal in a continued economic expansion. “It’s a tough needle to thread,” said Steve Sosnick, the chief strategist at Interactive Brokers. “And that pretty much pulls forward almost all the returns, in our minds, for 2024.”AdvertisementCrit Thomas, a global market strategist at Touchstone Investments, has the same concern. “And so at 21x earnings, there’s very little margin for error here.”AdvertisementFourth-quarter earnings mostly met measured expectations , as did forward guidance. Clark Bellin, the chief investment officer at Bellwether Wealth, said he’s less worried about valuations broadly and is more interested in seeing which sectors look cheap.

Persons: —, ”, Solita Marcelli, “, Sameer Samana, Steve Sosnick, It’s, Steven Wieting, “ We’ve, Crit Thomas, “ I’m, ” Thomas, We’re, Chris Galipeau, ” Galipeau, ” Sosnick, we’ve, Liz Ann Sonders, Schwab, ” Sonders, there’s, Clark Bellin, he’s, ” Bellin, you’re, Stocks, Samana, won’t, Thomas, Wieting, Bellin, “ They’ve, they’re Organizations: Service, Business, UBS Global Wealth Management, Federal Reserve, Wells, Wells Fargo Investment Institute, Interactive, Citi Global Wealth’s, Touchstone Investments, Franklin Templeton Institute, Citi Global Wealth, Bellwether Wealth Locations: Wells Fargo, Samana, ” Samana, Galipeau

☆ S&P 500 closes above key 5,000 level for first time
▼ + stars: | 2024-02-09 | by ( Nicole Goodkind | Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —The S&P 500 closed above the 5,000 level on Friday for the first time as bullish sentiment spreads across Wall Street and investors cheered fresh data showing progress on inflation. The S&P 500 briefly topped 5,000 for the first time intraday on Thursday. It took almost 41 years for the S&P 500 to reach its first major milestone of 1,000, which it hit on February 2, 1998, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. When the S&P 500 sets a new high in January, found Sam Stovall at CFRA Research, it reaches new highs in February about 75% of the time. The S&P 500 is up about 5.4% so far this year.

Persons: Howard Silverblatt, Dow, Sam Stovall, ”, Scott Wren Organizations: New, New York CNN, Federal Reserve, Dow Jones, CFRA Research, Fed, Big Tech, Nvidia, Microsoft, Meta, Wells Fargo Investment Institute Locations: New York, Wells Fargo

☆ Fed meeting: Here's what to expect
▼ + stars: | 2024-01-31 | 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 EmailFed meeting: Here's what to expectSubadra Rajappa, Societe Generale head of U.S. rates strategy, Paul Christopher, Wells Fargo Investment Institute head of global market strategy, and Joe Lavorgna, SMBC Nikko Securities America chief economist, join 'The Exchange' to discuss a timeline for Fed rate easing, U.S. economic health, and more.

Persons: Subadra, Paul Christopher, Joe Lavorgna Organizations: Societe Generale, Wells Fargo Investment Institute, Nikko Securities America Locations: Wells Fargo

☆ Wells Fargo's Paul Christopher says, there's value in energy and likes these non-tech sectors
▼ + stars: | 2024-01-22 | 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 Paul Christopher says, there's value in energy and likes these non-tech sectorsPaul Christopher, Wells Fargo Investment Institute head of global investment Strategy and Mimi Duff, Gentrust Managing Director, join 'Closing Bell: Overtime' to discuss opportunities in the market.

Persons: Wells Fargo's Paul Christopher, Paul Christopher, Mimi Duff Organizations: Wells Fargo Investment Institute, Gentrust Locations: Wells Fargo

☆ Top money managers warn that 2024 earnings expectations are getting out of hand, even as Wall Street firms scramble to raise their S&P 500 targets
▼ + stars: | 2024-01-18 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Goldman Sachs"We expect price increases to be driven by modest earnings growth and well-supported price-to-earnings multiples," wrote Austin Pickle, a strategist at WFII, in a January 16 note. Stucky continued: "I've never seen a re-acceleration in earnings growth — which is what the baseline expectation is for earnings — absent some sort of economic recovery or an acceleration in economic growth. He noted that many factors influence profits, but added that his forward model suggests there's earnings risk ahead. Bianco said he expects flat or mid-single-digit earnings growth for stocks in most sectors. However, he said that during expansions, GDP growth is a poor predictor of earnings growth.

Persons: Goldman Sachs, Austin Pickle, Jonathan Golub, Golub, Matt Stucky, Stucky, I've, Brad Klapmeyer, He's, Klapmeyer, Anthony Saglimbene, —, Saglimbene, Saglimbene doesn't, David Bianco, Bianco Organizations: Business, Wells, Investment Institute, UBS, Federal Reserve, Northwestern Mutual Wealth Management, Macquarie Asset Management, DWS Group

☆ Economy to face slowdown in early 2024 so stay in defensive stocks, Wells Fargo's CIO says
▼ + stars: | 2023-12-06 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Investors should focus on defensive stocks ahead of an expected economic slowdown in 2024, according to the Wells Fargo Investment Institute. Against this forecast, Cronk added that investors may have to wait until the second half of 2024 before visibility improves and markets meaningfully recover. Wednesday saw stocks climb after two back to back losing sessions for both the Dow Jones Industrial Average and S & P 500 . "The lack of market breadth (along with our expectation for an economic slowdown) suggests late-cycle dynamics are at play, leading us to maintain our defensive positioning entering 2024," he said. Cronk highlighted health care, industrials and materials as three key market segments that fit his suggested defensive investor focus.

Persons: Darrell Cronk, Cronk, Michael Bloom Organizations: Wells, Investment Institute, Wells Fargo Investment Institute, Dow Jones Industrial Locations: Wells Fargo

☆ Wall St Week Ahead Tax-loss selling, 'Santa rally' could sway U.S. stocks after November melt-up
▼ + stars: | 2023-12-02 | by ( David Randall | ) www.reuters.com time to read: +5 min

The key catalyst for stocks will likely continue to be the expected trajectory of the Federal Reserve's monetary policy. In September, historically the weakest month for stocks, the S&P 500 fell nearly 5%. The S&P 500 gained nearly 9% gain in November, historically a strong month for the index. Overall, December has been the second-best month for the S&P 500, with the index up an average of 1.54% for the month since 1945, according to CFRA. Many other names have languished: The equal-weighted S&P 500, whose performance is not skewed by big tech and growth stocks, is up around 6% in 2023.

Persons: Mike Segar, Santa Claus, Stocks, We've, Sam Stovall, Claus, Kraft Heinz, BofA, Sameer Samana, Dow, Michael Hartnett, David Randall, Ira Iosebashvili, Richard Chang Organizations: New York Stock Exchange, REUTERS, Federal, Research, Investors, LPL, BofA Global Research, PayPal Holdings, CVS Health, Kraft, Wells, Investment Institute, Nvidia, Dow Jones, Coinbase Global, Innovation, Thomson Locations: Manhattan, New York City , New York, U.S, Santa, New York

☆ Cash versus bonds? Pros weigh what to buy for the next 2 years and beyond
▼ + stars: | 2023-11-30 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

That's quite similar to what investors can get on government bonds, while high-quality corporate bonds yield more nearly 6.5% in the U.S. and U.K., and 4.6% in Europe. Here's what the pros say on how to invest within the fixed income space — cash or bonds — in the next two years and beyond. Schroders' Head of Strategic Research Duncan Lamont also stated his preference for bonds, saying that putting your money in cash means being exposed to interest rate fluctuations. And those rates are higher than cash — at 6.2% for corporate bonds with an average maturity of three years, and 6.5% on high-quality U.S. corporate bonds with an average tenure of 10 years, noted Lamont. "Fixed income is experiencing greater inflows than equities in the US and the same trend relative to cash in Europe.

Persons: Schroders, Luis D, Alvarado, Duncan Lamont, Lamont, Ashish Shah Organizations: Wells, Wells Fargo Investment Institute, Fed, CNBC Pro, Strategic, U.S . Federal, Goldman, Management, Goldman Sachs Asset Management Locations: U.S, Europe, Wells Fargo

☆ The market is telling us the Fed is done hiking rates, things are slowing, says BD8's Barbara Doran
▼ + stars: | 2023-11-29 | 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 EmailThe market is telling us the Fed is done hiking rates, things are slowing, says BD8's Barbara DoranBarbara Doran, BD8 Capital Partners CIO, and Scott Wren, Wells Fargo Investment Institute senior global market strategist, join 'Closing Bell Overtime' to talk the day's market action.

Persons: Barbara Doran Barbara Doran, Scott Wren Organizations: BD8 Capital, Fargo Investment Institute Locations: Fargo

☆ 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

☆ Turn to this high-quality income play for the new year, Wells Fargo Investment Institute says
▼ + stars: | 2023-11-23 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Investors who hope to generate portfolio income while recession fears ramp higher can seek some safety in municipal bonds. Wells Fargo Investment Institute recently issued its fixed income guidance for 2024, forecasting "higher for longer" rates across the yield curve as the Federal Reserve remains vigilant to bring down inflation. Municipal bonds offer a combination of characteristics that appeal to investors: General obligation bonds are backed by the revenue of the municipality issuing them. "Going into a slowdown, you anticipate rates to fall," said Brian Rehling, head of global fixed income strategy at Wells Fargo Investment Institute. The top marginal income tax rate is 13.3% in California and well over 10% in New York and New Jersey.

Persons: Brian Rehling, Jennifer Johnston, Franklin Templeton, Johnston Organizations: Wells, Wells Fargo Investment Institute, Federal Reserve, Fargo Investment Institute, AAA, Muni Bond ETF, Vanguard, Bond, Fed, New York Life Investments, Investors, York State, Metropolitan Transportation Authority Locations: Wells Fargo, Fargo, New, California, New York, New Jersey, York

☆ Investors are 'racing to get back into good names', says BD8's Barbara Doran
▼ + stars: | 2023-11-21 | 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 EmailInvestors are 'racing to get back into good names', says BD8's Barbara DoranBarbara Doran, BD8 Capital Partners CIO and Scott Wren, Wells Fargo Investment Institute senior global market strategist, join 'Closing Bell Overtime' to talk the day's market action.

Persons: Barbara Doran Barbara Doran, Scott Wren Organizations: BD8 Capital, Fargo Investment Institute Locations: Fargo

☆ S&P 500 to see small gain in 2024 as US economic risks rise - Reuters poll
▼ + stars: | 2023-11-21 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +4 min

The S&P 500 is up about 18% for 2023 to date. WFII sees the S&P 500 ending next year between 4,600 and 4,800. Geopolitical problems are among other risks to the market heading into 2024, strategists said, with investors closely watching the war between Israel and Hamas militants in Gaza. Overall S&P 500 earnings growth for 2023 is estimated at 2.3% after a weak first half of the year, according to LSEG data. The S&P 500 index's forward 12-month price-to-earnings ratio is now at 19.1, up from 17 at the end of 2022 and its long-term average of about 16, based on LSEG data.

Persons: Brendan McDermid, Paul Christopher, WFII, CME's, Goldman, Tim Ghriskey, Ingalls & Snyder, Dow, Caroline Valetkevitch, Chuck Mikolajczak, Sinead Carew, Stephen Culp, Pranoy Krishna, Rahul Trivedi, Sarupya Ganguly, Alexandra Hudson Organizations: New York Stock Exchange, REUTERS, Reuters, Wall, Federal, Wells, Wells Fargo Investment Institute, U.S, Ingalls &, Dow, Alexandra Hudson Our, Thomson Locations: New York City, U.S, Wells Fargo, Israel, Gaza, New York, Monday's, Bengaluru

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