Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Oppenheimer Asset Management"


24 mentions found


Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailContext helps right-size market expectations, says John StoltzfusJohn Stoltzfus, Chief Investment Strategist at Oppenheimer Asset Management, discusses what he's watching within the markets today.
Persons: John Stoltzfus John Stoltzfus Organizations: Oppenheimer Asset Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe broadening of the market is bullish for industrials, says John StoltzfusJohn Stoltzfus, Chief Investment Strategist at Oppenheimer Asset Management, discusses the S&P 500's surge to 5,000 and the broader markets.
Persons: John Stoltzfus John Stoltzfus Organizations: Oppenheimer Asset Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors can expect 1-2 rate cuts in the second half of 2024, says Oppenheimer's John StoltzfusJohn Stoltzfus, Oppenheimer Asset Management chief investment strategist, joins 'Squawk Box' to discuss the Fed's rate decision, takeaways from Fed Chair Powell's presser, rate path outlook, and more.
Persons: Oppenheimer's John Stoltzfus John Stoltzfus, takeaways, Powell's presser Organizations: Oppenheimer Asset Management
The S&P 500 rose for nine straight weeks, its longest winning streak since 2004, as optimism built about future interest rate cuts. Stoltzfus predicted that S&P 500 earnings will end 2024 between $240 and $250. "Just about everything that you buy costs more today than it cost in 2019, 2020, before 2021 when this started taking hold, except for stocks," Stoltzfus said. Another argument that's more widely discussed is that last year's gains were driven by a handful of large growth stocks. "Some, on a multiple basis, are considerably cheaper outside of Big Tech," Stoltzfus said.
Persons: John Stoltzfus, Stoltzfus, he's, It's, Ameriprise's Anthony Saglimbene, DWS Group's David Bianco, Goldman Sachs, Tesla, , Oppenheimer, Stocks, that's, it's Organizations: Business, Oppenheimer Asset Management, University of Michigan, Stoltzfus, Apple, Microsoft, Netflix, Nvidia, Big Tech, Software, isn't, Facebook, Google Locations: industrials
Since 1928, the S & P 500 has finished up 20% or more about 36% of the time. Yes, 2022 was down about 19%, but the S & P has posted declines of 10% or more only 12% of the time since 1928. Could the S & P gain 20% again in 2024? That run from 1995 to 1999 was certainly epic, but that was the last time the S & P 500 saw back-to-back 20% gains. Regardless, with the S & P 500 closing the year at 4,769, a 20% gain next year would mean the S & P would hit 5,722.
Persons: Ben Carlson, Jessica Rabe, Nicholas Colas, Tom Lee, John Stoltzfus Organizations: Ritholtz Wealth Management, DataTrek Research, Fundstrat Global Advisors, Oppenheimer Asset Management
(PRO subscribers can view the official 2024 strategist survey here . ) "Lifting our 12-month S & P 500 target to 5100 as inflation falls, the Fed turns dovish, and real yields plunge," Kostin wrote. Other Wall Street firms with similarly bullish forecasts include Citigroup and BMO Capital Markets, which each have S & P 500 price targets of 5,100. Barclays' Venu Krishna was even more bearish, anticipating the S & P 500 would fall to 3,725. Entering the penultimate trading week of the year, the S & P 500 is almost 23% higher in 2023, while the Nasdaq Composite has advanced almost 42%.
Persons: , Stocks, Sam Stovall, Monday, Stovall, Goldman Sachs, David Kostin, Kostin, John Stoltzfus, Stoltzfus, America's Savita Subramanian, JPMorgan's, Bujas, Morgan Stanley, BofA's Subramanian —, Venu Krishna, Oppenheimer's John Stoltzfus, Dow Industrials Organizations: CNBC, Federal Reserve, Dow Jones, CFRA Research, Goldman, Oppenheimer Asset Management, Citigroup, BMO Capital Markets, Bank, America's, Nvidia, Microsoft, Barclays, Nasdaq Locations: Friday's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLess likely bonds will stay competitive with equities, says Oppenheimer's StoltzfusJohn Stoltzfus, Oppenheimer Asset Management chief investment strategist, joins 'Squawk on the Street' to discuss equity markets, the latest move in bonds, and the margins story from Q3.
Persons: Oppenheimer's Stoltzfus John Stoltzfus Organizations: Oppenheimer Asset Management
The S&P 500 is down 7% since the start of September and briefly entered correction territory from its summer high last week. However, strategists say these threats are mostly priced into stocks, but higher earnings aren't. After three straight quarters of contracting profits, both BofA and UBS expect earnings to grow at least 3% year-over-year in Q3. "Within the context of our expectations for a continued choppy backdrop, we are incrementally more positive," Lerner wrote in a late October note. Truist's more constructive view on equities is based on strong results so far in Q3, Lerner wrote.
Persons: Oppenheimer, Savita Subramanian, Marcelli, David Lefkowitz, Lefkowitz, John Stoltzfus, Stoltzfus, Keith Lerner, Lerner, it's, Truist, Mark Haefele Organizations: Bank of America, UBS, Bank of America's, Equity, UBS Global Wealth Management, Federal Reserve, Israel, Oppenheimer Asset Management Locations: Israel, Ukraine, Truist, Real, Charlotte
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStoltzfus: Stocks can still outperform bonds in a higher rate environmentJohn Stoltzfus, Chief Investment Strategist at Oppenheimer Asset Management, discusses the road ahead for the markets and the impact of higher rates.
Persons: John Stoltzfus Organizations: Oppenheimer Asset Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOppenheimer's John Stoltzfus on why he's keeping his 4,900 price target for the S&P 500John Stoltzfus, Chief Investment Strategist at Oppenheimer Asset Management, discusses his S&P 500 price target, the impact of rising rates, and which sectors he's watching closely.
Persons: John Stoltzfus Organizations: Oppenheimer Asset Management
Some on Wall Street are getting increasingly bullish on the S & P 500 , raising their price targets for the index. It increased its year-end S & P 500 price target from 4,400 to 4,900 — the highest in CNBC's Market Strategist survey . Mid-cap tech stocks : Ball said "mid tech is the equity place for tomorrow." Big tech stocks have contributed to much of the gains this year — although the rally is broadening out — but other well established "but not gigantic" tech stocks have "more premise looking ahead." Energy stocks: The S & P 500 energy subsector has underperformed this year, gaining just 1% to date.
Persons: Sanders Morris Harris, George Ball, CNBC's, Ball Organizations: Oppenheimer Asset Management, CNBC's, Citi, Trade, Energy, Enterprise Products Partners Locations: Tuesday's, bitcoin
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2023. REUTERS/Brendan McDermid/File Photo License this content on Reuters ConnectNEW YORK, Aug 1 (Reuters) - Oppenheimer Asset Management on Tuesday projected the S&P 500 would rise above its record high by year end, the latest Wall Street firm to grow more bullish on the outlook for stocks following the market's rally this year. Oppenheimer lifted its year-end price target for the S&P 500 to 4,900 from the 4,400 projection it set in December, Chief Investment Strategist John Stoltzfus said in a note. The S&P 500 record closing high is 4,796.56, reached on Jan. 3, 2022, while the index's intraday record is 4,818.62, which it hit on Jan. 4, 2022. Oppenheimer's more bullish view comes after Citigroup (C.N) recently boosted its S&P 500 price target by 15%, saying the more upbeat view reflected increased probability of an economic soft landing.
Persons: Brendan McDermid, Oppenheimer, John Stoltzfus, Stoltzfus, Morgan Stanley, Michael Wilson, Lewis Krauskopf, Noel Randewich, Chris Reese Organizations: New York Stock Exchange, REUTERS, Reuters, Oppenheimer, Management, Citigroup, Thomson Locations: New York City, U.S, San Francisco
Here's why Oppenheimer raised S&P 500 target to 4,900
  + stars: | 2023-08-01 | 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 why Oppenheimer raised S&P 500 target to 4,900John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, joins 'Squawk on the Street' to discuss the strategist's decision to raise his target for the S&P 500, how Stoltzfus justifies the multiple scenarios and more.
Persons: Oppenheimer, John Stoltzfus, Stoltzfus Organizations: Oppenheimer Asset Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEquities are an essential place to be, says Oppenheimer's John StoltzfusJohn Stoltzfus, chief investment strategist at Oppenheimer Asset Management, joins 'The Exchange' to discuss re-rating financials, portfolio allocation strategies, and the Fed putting an end to free money.
The benchmark 10-year Treasury yield fell nearly 20 basis points to 3.50%, touching the lowest level since Feb.3. The yield on the 2-year Treasury tumbled more than 40 basis points to 4.16%, also the lowest in over five weeks. Investors flocked to safe-haven assets such as Treasurys and gold on Monday amid an extraordinary plan to backstop the banking system and limit the impact from the collapse of Silicon Valley Bank. U.S. gold futures gained 1.2% to $1,889.40, while the SPDR Gold Trus t gained nearly 2%. Investors sought safety as banking regulators rushed to backstop depositors with money at Silicon Valley Bank and now-shattered Signature Bank, seeking to ease systemic contagion fears.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets could face a moderate upside in 2023, says Oppenheimer's John StoltzfusJohn Stoltzfus, Oppenheimer Asset Management chief investment strategist, joins CNBC's 'Squawk on the Street' to discuss his market outlook for 2023 and expectations for future interest rate hikes from the Federal Reserve.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo market strategists discuss their best stock ideas for the yearJenny Harrington, CEO of Gilman Hill Asset Management, and John Stoltzfus, Chief Market Strategist at Oppenheimer Asset Management, join Worldwide Exchange to discuss their investment strategies.
Wall Street will enjoy a solid rebound in 2023 if the Federal Reserve can get inflation under control without going too far with interest rate hikes, according to Oppenheimer Asset Management. Oppenheimer set a price target of 4,400 for the S & P 500 , which is 11.8% above where the index closed Friday. The better the improvement in the inflation rate when the Fed either takes pause or pivots the less likely a hard landing," Stoltzfus said. While many Wall Street strategists believe that estimates for corporate profits are still too high ahead of a potential recession, Stoltzfus said they may already be close to correct. In fact, the pessimism about earnings from other major strategists and investors could help the stock market rally next year, according to Oppenheimer.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Oppenheimer's John Stoltzfus and Wells Fargo's Darrell CronkJohn Stoltzfus, Oppenheimer Asset Management chief investment strategist, and Darrell Cronk, Wells Fargo CIO for wealth & investment management, join 'Squawk on the Street' to discuss whether valuations have fallen enough, what Stoltzfus makes of the December selloff and if the absolute level of rates matters.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere will be better buying opportunities in the first quarter of next year, says Darrell CronkJohn Stoltzfus, Oppenheimer Asset Management chief investment strategist, and Darrell Cronk, Wells Fargo CIO for wealth & investment management, join 'Squawk on the Street' to discuss whether valuations have fallen enough, what Stoltzfus makes of the December selloff and if the absolute level of rates matters.
Stoltzfus: The Fed's efforts are beginning to impact inflation
  + stars: | 2022-12-02 | 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 EmailStoltzfus: The Fed's efforts are beginning to have an impact on inflationJohn Stoltzfus, Chief Investment Strategist at Oppenheimer Asset Management, joins Worldwide Exchange to discuss his view on the markets.
Watch CNBC's full interview with Oppenheimer's John Stoltzfus
  + stars: | 2022-11-25 | 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 EmailWatch CNBC's full interview with Oppenheimer's John StoltzfusJohn Stoltzfus, Oppenheimer Asset Management chief investment strategist, joins 'Squawk on the Street' to discuss current market performance and expectations.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt looks like investors are coming back into the S&P 500, says Oppenheimer's StoltzfusJohn Stoltzfus, Oppenheimer Asset Management chief investment strategist, joins 'Squawk on the Street' to discuss his thoughts on current market performance, Stoltzfus' expectations for next year and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEnd-of-year price target likely has to be revisited, says Oppenheimer's John StoltzfusJ.P. Morgan Asset Management's Phil Camporeale and Oppenheimer Asset Management's John Stoltzfus, join 'Squawk on the Street' to discuss businesses working under adversity, expectations for further market dips, and the outlook for earnings season.
Total: 24