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☆ Why this is perfect time to buy health-care stocks, one financial advisor says
▼ + stars: | 2024-04-23 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Health care shouldn't be overlooked as a place to buy amid the current market turmoil, according to Jamie Cox, managing partner at Harris Financial Group. He's been particularly interested in health care — pharma more specifically — as the industry feels tailwinds from artificial intelligence and the weight-loss drug boom. "The amount of money that the health care industry is making is being completely ignored by investors," Cox told CNBC Pro. "The noise of the short-term back-and-forth ... gives you good opportunity to buy high-quality companies, while people are just selling indiscriminately." For more diversified exposure, Cox recommended the Vanguard Health Care ETF (VHT) .

Persons: Jamie Cox, Cox, He's, FactSet, That's, they're, Johnson, Eli Lilly Organizations: Harris Financial Group, Federal Reserve, pharma, CNBC, Pharma, Novo Nordisk, Novartis, Pfizer, Swiss, Novo, Vanguard Health Care Locations: U.S

Traders work on the trading floor at the New York Stock Exchange on April 5, 2024. Stocks rebounded Friday following the Dow Jones Industrial Average 's worst session in more than a year as traders cheered a stronger-than-expected jobs report and looked past a jump in rates. The 30-stock Dow climbed 307.06 points, or 0.8%, to settle at 38,904.04. The Dow slid 2.27%, posting its worst weekly performance in 2024. The Dow tumbled about 530 points, or 1.35%, on Thursday, marking its biggest daily drop since March 2023 and its fourth consecutive losing session.

Persons: Stocks, Dow, Nonfarm payrolls, Dow Jones, Jamie Cox, Neel Kashkari Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Treasury, Labor, Federal Reserve, Harris Financial, Minneapolis Federal Locations: Minneapolis

Thursday on Wall Street, the S&P 500 added 0.4% to 4,894.16 and set a record for a fifth straight day. IBM helped lead the market with a gain of 9.5% after it reported a better profit for the latest quarter than analysts expected. The electric-vehicle maker reported earnings and revenue that fell short of forecasts and warned of lower sales growth this year. Such a resilient economy should drive profits for companies, which are one of the main inputs that set stock prices. On the losing end of Wall Street, Humana tumbled 11.7% after the insurer reported worse results for the end of 2023 than expected.

Persons: ” Robert Carnell, Seng, Tesla, ”, Jamie Cox Organizations: TOKYO, Nikkei, Bank of Japan, ING, Dow Jones, Nasdaq, IBM, U.S ., Federal Reserve, Harris Financial, Treasury, . American Airlines, Humana, New York Mercantile Exchange, Brent Locations: U.S, Asia, Pacific, Shanghai, Australia, Wall

☆ Fiscal policy should be prioritized in 2024, says Harris Financial's Jamie Cox
▼ + stars: | 2024-01-17 | 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 EmailFiscal policy should be prioritized in 2024, says Harris Financial's Jamie CoxJamie Cox, Harris Financial Group managing partner, joins 'The Exchange' to discuss fiscal policy and the market, fiscal policy uncertainty, and more.

Persons: Harris, Jamie Cox Jamie Cox Organizations: Harris Financial Group

☆ Dow jumps 489 points and bond yields plunge as CPI report suggests 'inflation fever has broken'
▼ + stars: | 2023-11-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

US stocks saw an impressive rally as the latest CPI data surprised investors with an inflation slowdown. Bond yields dropped dramatically, with the 10-year rate plummeting over 19 basis points. AdvertisementUS stocks shot up on Tuesday, as markets rallied around October's Consumer Price Index report, which surprised investors with softer-than-predicted inflation data. Since the CPI report, market expectations of rate hike in December dropped from 14% to 0%, according to the CME FedWatch Tool. AdvertisementAccording to October's report, prices remained flat on a monthly basis, despite expectations of a 0.1% rise.

Persons: Bond, —, That's, Bill Adams, Jamie Cox Organizations: Service, October's, Dow Jones, Nasdaq, Federal, Comerica Bank, Treasury, Harris Financial, Here's Locations: United States

[1/5] A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Nov 14 (Reuters) - A benign U.S. inflation report is bolstering hopes that the Federal Reserve can bring down consumer prices without hurting the economy, a so-called Goldilocks environment that investors believe will benefit stocks and bonds. This does feel like a Goldilocks moment for the entire market.”The data fueled a powerful rally in stocks and bonds. The S&P 500 (.SPX) was up about 2% on the day, on track for its biggest one-day rise since January. Still, some investors believed it was too early to call a victory in the fight against inflation.

Persons: Brendan McDermid, Eric Kuby, bearish, “, Daniel Kirsch, Piper Sandler, Thomas Hayes, ”, Brian Rose, Jamie Cox, Lewis Krauskopf, Saqib Iqbal Ahmed, Davide Barbuscia, Ankika Biswas, Ira Iosebashvili, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, Federal Reserve, North Star Investment Management Corp, Thomson Reuters, BofA's Global, Fed, Fund, UBS Global Wealth Management, Harris Financial, Thomson Locations: New York City, U.S, Thomson Reuters United States, New York, Bengaluru

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Seven of the 11 major S&P 500 sectors climbed, with information technology (.SPLRCT) and consumer discretionary (.SPLRCD) leading gains. Other speakers include voting members such as Federal Reserve Board Governor Lisa Cook, New York Fed President John Williams and Dallas Fed President Lorie Logan. A total of 403 companies in the S&P 500 have reported profits to date in the third quarter, with 81.6% surpassing analyst estimates, per LSEG data. Declining issues outnumbered advancers for a 2.01-to-1 ratio on the NYSE and for a 1.24-to-1 ratio on the Nasdaq.

Persons: Brendan McDermid, Tesla, Jerome Powell, Lisa Cook, John Williams, Lorie Logan, Jamie Cox, Walt Disney, Erik Carlson, Whitney Wolfe, advancers, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dish, Dow, Nasdaq, Federal, Tesla, Reuters, Traders, Federal Reserve, Lisa Cook , New York Fed, Dallas Fed, Harris Financial, Fed, University of, Dow Jones, Dish Network, NYSE, Thomson Locations: New York City, U.S, Berlin ., Lisa Cook , New

☆ How to invest $1 million for the next decade, according to private bankers and wealth advisors
▼ + stars: | 2023-10-09 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

The next 10 years will be unlike the last two decades for investors, according to investment advisors and wealth managers. Those conditions could create more volatility and lower returns for assets that have done well over the past decade, according to Monchau. ELTIFs allow individual investors to invest alongside institutions in assets like infrastructure, private equity and private credit. "The ability to generate income is going to be far and away the better place for the next decade for investment," he said. For younger investors more than 10 years from retirement, Cox recommends a 100% equity portfolio, maximising returns with low-cost index ETFs.

Persons: Charles, Henry Monchau, Monchau, There's, Goldman Sachs, Franklin Templeton, Jamie Cox, Cox, it's, maximising Organizations: CNBC Pro, Swiss, BlackRock, Harris Financial Group, Unilever, Nestle, Broadcom Locations: Swiss, Geneva, Richmond , Virginia

☆ European markets open lower amid Middle East turmoil
▼ + stars: | 2023-10-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

The next 10 years will be unlike the last two decades for investors, according to investment advisors and wealth managers. Charles-Henry Monchau, chief investment officer at Swiss private bank Syz, said investors risk making long-term decisions with a "cognitive bias" and urges those investing $1 million over the next decade not to extrapolate too much from recent history. Jamie Cox, financial planner at Harris Financial Group, believes international stocks will outperform U.S. stocks in the coming decade as rising rates and inflation change market dynamics. Both share with CNBC Pro their thoughts on how investors with $1 million should invest over the next decade. Subscribers can read more here.

Persons: Charles, Henry Monchau, Jamie Cox, — Ganesh Rao Organizations: Harris Financial Group, CNBC Locations: Swiss

☆ Dow drops 388 points as US stocks suffer worst loss since March on weak economic data
▼ + stars: | 2023-09-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

US stocks tumbled on Tuesday as weak economic data sparked the worst loss since March. Investors are also contending with a possible interest rate hike and a government shutdown. AdvertisementAdvertisementUS stocks plummeted on Tuesday as weak economic data sparked fears of a recession, adding to worries about rates and a government shutdown. "So far, higher interest rates haven't made a dent in housing prices this year. AdvertisementAdvertisementBefore this, investors were already grappling with uncertainty, as the Federal Reserve indicated that another interest rate could come up before the year end.

Persons: —, haven't, Jamie Cox Organizations: Service, Harris Financial, Federal Reserve, Dow Jones

☆ Inflation will return to the Fed's 2% target by next year, says Moody's Analytics' Mark Zandi
▼ + stars: | 2023-09-20 | 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 EmailInflation will return to the Fed's 2% target by next year, says Moody's Analytics' Mark ZandiJamie Cox, Harris Financial Group managing partner, Subadra Rajappa, head of U.S. rates strategy at Societe Generale, and Mark Zandi, Moody's Analytics chief economist, join 'The Exchange' to discuss signals that indicate the Fed could be done with rate hikes this year, cues in the dot plot about the Fed's 2024 agenda, and fears of a potential government shutdown.

Persons: Zandi Jamie Cox, Subadra Rajappa, Mark Zandi Organizations: Harris Financial Group, Societe Generale

☆ Watch CNBC's full interview with Jamie Cox, Subadra Rajappa, and Mark Zandi
▼ + stars: | 2023-09-20 | 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 EmailWatch CNBC's full interview with Jamie Cox, Subadra Rajappa, and Mark ZandiJamie Cox, Harris Financial Group managing partner, Subadra Rajappa, head of U.S. rates strategy at Societe Generale, and Mark Zandi, Moody's Analytics chief economist, join 'The Exchange' to discuss signals that indicate the Fed could be done with rate hikes this year, cues in the dot plot about the Fed's 2024 agenda, and fears of a potential government shutdown.

Persons: Jamie Cox, Subadra Rajappa, Mark Zandi Jamie Cox, Mark Zandi Organizations: Harris Financial Group, Societe Generale

☆ Analysis: Potential US government shutdown could dent investor confidence
▼ + stars: | 2023-09-08 | by ( David Randall | ) www.reuters.com time to read: +5 min

Investors might be more sensitive to a shutdown this time around, however. With only weeks to go before the deadline, the Republican-led House of Representatives has approved only one of those 12 bills. 'LESS FRIENDLY POLICY'If it occurs, the shutdown would be the fourth over the last decade and would furlough roughly three of out five federal civilian workers. The White House last month said it was working with Congress to hammer out a short-term funding measure to avoid a shutdown while longer-term spending talks continue. Analysts at Ned Davis Research said a shutdown could add to factors threatening to roil the economy into next year.

Persons: Dado Ruvic, Goldman Sachs, Fitch, ”, Jamie Cox, Kevin McCarthy, Joe Biden, Paul Christopher, Christopher, Ned Davis, David Randall, Ira Iosebashvili, Marguerita Choy Organizations: REUTERS, Goldman, Social, Federal, Harris Financial Group, Caucus, House Republican, Republican, Senate, Congressional, Office, Wells, Wells Fargo Investment Institute, Democrats, Ned, Ned Davis Research, CFRA Research, Thomson Locations: Wells Fargo

☆ US stocks fall as Fed minutes show officials think hot inflation could still require more rate hikes
▼ + stars: | 2023-08-16 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

US stocks closed lower on Wednesday after Fed minutes showed officials remain worried about inflation. Markets have been confident in their belief that the July rate hike was the last of the Fed's cycle. "The Fed wants to talk tough on inflation, but it's obvious they are done with rate hikes. "The July 26 rate hike was most likely not a one and done as the latest round of data suggests." The Fed will have another inflation report and another jobs report to sift through before it makes another policy decision.

Persons: Jamie Cox, Quincy Krosby Organizations: Service, Reserve, Harris Financial, LPL, Fed, Dow Jones, Nasdaq Locations: Wall, Silicon

☆ Hollywood is helping boost the economy as fans flock to 'Barbie,' 'Oppenheimer,' and Taylor Swift's Eras Tour
▼ + stars: | 2023-08-05 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +5 min

Taylor Swift's Eras Tour and "Barbenheimer" have been key drivers of consumer spending this year. "The Super Mario Bros. Movie" has also boosted theaters that are still struggling post-pandemic. "'Barbenheimer' likely drove the continued surge in year-on-year entertainment spending growth," analysts Shruti Mishra and Aditya Bhave wrote in a note. Nintendo/Universal"The Super Mario Bros. Bringing some more optimism to global economies is "The Super Mario Bros. Movie" — an animated adaptation of the Nintendo video game.

Persons: Taylor, Mario, quieten, hasn't, Swift, Barbie, Oppenheimer, Taylor Swift, Taylor Hill, Jamie Cox, Covid, Cox, Shruti Mishra, Aditya Bhave, Greta Gerwig's, Zelda Organizations: Mario Bros, Service, Hollywood, Federal Reserve, Institute, Harris Financial Group, Bank of America, AMC, Nintendo Locations: Wall, Silicon, Cincinnati , Ohio, what's, Philadelphia

☆ Healthcare creating more opportunities for tech investors, says Harris Financial's Jamie Cox
▼ + stars: | 2023-07-21 | 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 EmailHealthcare creating more opportunities for tech investors, says Harris Financial's Jamie CoxJamie Cox, Harris Financial Group managing partner, joins 'The Exchange' to discuss investment opportunities in medical devices, the intersection of healthcare and technology, and top picks in the medical tech space.

Persons: Harris, Jamie Cox Jamie Cox Organizations: Healthcare, Harris Financial Group

☆ Cathie Wood's ARK fund hits 11-month high as inflation ebbs
▼ + stars: | 2023-07-12 | by ( David Randall | ) www.reuters.com time to read: +2 min

NEW YORK, July 12 (Reuters) - The flagship fund of star stockpicker Cathie Wood hit an 11-month high Wednesday, extending a rally that has been powered by bets that inflation would fall rapidly and benefit the sort of speculative technology stocks she is known for. The $8.4 billion ARK Innovation ETF (ARKK.P) rose 0.6% in morning trading Wednesday to its highest level since August 2022. Wood's fund was among the worst-performing U.S. equity funds overall in 2022 as she continued to downplay the impact of inflation and said that deflation would be the larger issue driving markets. Lower interest rates help unprofitable or other early-stage companies by lowering their borrowing costs and increasing the value of future profits. "Anything that puts interest rate hikes at bay is definitely positive for any small-cap or speculative tech stock," he said.

Persons: stockpicker Cathie Wood, Jamie Cox, David Randall Organizations: YORK, Coinbase Global Inc, Sciences, Commerce Department, Federal Reserve, Harris Financial Group, Thomson

☆ A.I. could mean a 'decade of health care is upon us.' Here are some stock picks
▼ + stars: | 2023-07-06 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Investors hoping to capture more upside from artificial intelligence could turn to a sector that's underperformed this year, and maybe not immediately associated with AI: Health care. Greater drug discovery The bull case for health care boils down to several factors including improvements made in drug discovery. Cox added that one overlooked health care and AI beneficiary would be Amazon , which he called a "sleeper" pick for investors. This year, it closed a $3.9 billion transaction for primary health care provider One Medical . The investor also called Rockwell Automation one of his stock picks that could benefit from AI in health care.

Persons: Jamie Cox, Morgan Stanley, Cox, Mizuho, Rockwell Organizations: Nvidia, Harris Financial, Johnson, Merck, Pfizer, Exscientia, Amazon, Rockwell Automation, . UnitedHealth Locations: U.S, U.K

☆ The AI-powered rally to start the year could broaden out in the third quarter
▼ + stars: | 2023-06-30 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Stocks markets are wrapping up a surprisingly strong start to the year, but whether it will continue is an open question as investors wade into a seasonally weak period for markets. Even the laggard Dow Jones Industrial Average, with few tech stocks, managed to eke out a 3.6% gain. Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla account for 80% of the gains in the S & P 500, according to UBS. The S & P 500 health sector is down almost 3% this year. Next week marks the start of July and the third quarter of 2023.

Persons: didn't, Jamie Cox, Cox, John Lynch, Harris Financial's Cox, that's, Comerica's Lynch, Kim Forrest, Nonfarm payrolls Organizations: Spring, Federal Reserve, Dow Jones, Harris Financial, Apple, Meta, Microsoft, Nvidia, UBS, Comerica Wealth Management, Nasdaq, Investors, Bokeh Capital Partners, Independence, P Global, PMI, Tuesday U.S

☆ Watch CNBC's full interview with Harris Financial's Jamie Cox and Societe Generale's Subadra Rajappa
▼ + stars: | 2023-06-14 | 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 EmailWatch CNBC's full interview with Harris Financial's Jamie Cox and Societe Generale's Subadra RajappaJamie Cox, managing partner at Harris Financial Group, and Subadra Rajappa, head of U.S. rates strategy at Societe Generale, join 'The Exchange' to discuss the banking credit crunch tightening financial conditions, the potential for a gradual decline in 10-year Treasury yields, and concerns about a 2024 recession.

Persons: Harris, Jamie Cox, Subadra Rajappa Organizations: Societe, Harris Financial Group, Societe Generale

☆ Credit crunch will help Fed's job of financial tightening, says Societe Generale's Subadra Rajappa
▼ + stars: | 2023-06-14 | 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 EmailCredit crunch will help Fed's job of financial tightening, says Societe Generale's Subadra RajappaJamie Cox, managing partner at Harris Financial Group, and Subadra Rajappa, head of U.S. rates strategy at Societe Generale, join 'The Exchange' to discuss the banking credit crunch tightening financial conditions, the potential for a gradual decline in 10-year Treasury yields, and concerns about a 2024 recession.

Persons: Jamie Cox, Subadra Rajappa Organizations: Harris Financial Group, Societe Generale

☆ With these many jobs, do we no longer have to worry about a recession?
▼ + stars: | 2023-06-03 | by ( Chris Isidore | ) edition.cnn.com time to read: +7 min

But for every recession alarm bell, the continued strength in the labor market seems to be an answer to those worries. “I think even in a recession environment, we’re going to have a relatively strong job market. “It’s still possible that the case of avoiding a recession is, in my view, more likely than that of having a recession. Jobs market still hot, but coolingThat’s not to say that the jobs market hasn’t slowed down. Powell said he’s not particularly worried about the cooling of the labor market over the last year.

Persons: That’s, ”, Jamie Cox, they’re, Mark Zandi, “, I’ve, we’ve, Dave Gilbertson, Jerome Powell, “ We’ve, ” Powell, It’s, Julia Pollock, Powell, he’s, —, ZipRecruiter’s Pollock, – CNN’s Bryan Mena Organizations: New, New York CNN, Labor Department, Costco, Federal Reserve, Harris Financial Group, Moody’s Analytics, Target, Labor Locations: New York

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.

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." "There is little chance we will see a resolution to the U.S. debt ceiling issue today," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. "The negotiations will likely remain tight as Republicans ask decent spending cuts to accept a debt ceiling relief, while Biden is not willing to compromise on spending into the election year."

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." The S&P 500 retail index (.SPXRT) lost 0.6%. Shares of Capital One Financial Corp (COF.N) jumped 5.4%, 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.

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