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☆ Barclays' Venu Krishna: S&P 500's 'sensitivity to CPI remains high'
▼ + stars: | 2024-05-13 | 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 EmailBarclays' Venu Krishna: S&P 500's 'sensitivity to CPI remains high'Venu Krishna, Barclays head of US equity strategy, joins CNBC's 'Squawk on the Street' to discuss markets, inflation, the Fed, earnings, and more.

Persons: Venu Krishna Organizations: Barclays

☆ Stock futures are little changed after Dow's best week of the year, investors look toward inflation data: Live updates
▼ + stars: | 2024-05-12 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Stock futures were little changed on Sunday, with Wall Street looking toward fresh inflation data this week. Futures tied to the S&P 500 fell 0.1%, while Nasdaq 100 futures hovered near the flatline. Investors will look for insights into the Federal Reserve's monetary policy moving forward with April's consumer price index report due out on Wednesday. Results so far have helped stocks remain resilient despite the inflation overhang. 92% of S&P 500 companies have reported as of Friday, with neatly 80% of firms surpassing Wall Street forecasts, per FactSet data.

Persons: Dow, Venu Krishna Organizations: New York Stock Exchange, Stock, Nasdaq, Dow Jones Industrial, Federal, Traders, Fed, Wall, Barclays Locations: New York City

☆ Diversify your Big Tech holdings into these other stocks with similar traits, recommends Barclays
▼ + stars: | 2024-05-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

In an effort to navigate a market that remains highly concentrated under Big Tech's dominance, but also ripe for stock pickers, Barclays has dozens of stocks that share similar characteristics to the tech heavyweights. However, some select Big Tech remained fairly strong throughout the sell-off, with stocks like Alphabet and Apple bucking the downtrend. While Big Tech valuations still appear reasonable to Barclays analyst Venu Krishna, he pointed out that they're "not the only game in town," and suggested investors diversify their portfolios to beat their benchmarks. Yet, market returns, earnings upside, and institutional investor exposure remain highly concentrated in Big Tech," Krishna said in a Tuesday note. Aside from allowing investors to diversify, these stocks come with strong fundamentals based on profitability, balance sheet strength, cash conversion, and growth-adjusted valuation characteristics that closely resemble those of Big Tech stocks, the firm said.

Persons: Venu Krishna, Krishna, Dennis Geiger, Geiger, outperformance, Adrienne Yih, Yih, Goldman, TJX Organizations: Barclays, Big Tech, Inter, UBS, Software, Oracle, Arista Networks, JPMorgan, Arista, TJX Companies, Goods Locations: Big Tech, SPX, Ulta

☆ Remain favorably inclined to Big Tech as fundamentals remain strong, says Barclays' Venu Krishna
▼ + 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 EmailRemain favorably inclined to Big Tech as fundamentals remain strong, says Barclays' Venu KrishnaVenu Krishna, Barclays head of U.S. equity strategy, joins 'Money Movers' to discuss if this is a period when tech will underperform the broader market, how to play the tech market, and much more.

Persons: Venu Krishna Venu Krishna Organizations: Big Tech, Barclays

☆ Election trading playbook: Watch these stocks as Trump secures Republican nomination
▼ + stars: | 2024-03-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Despite Trump facing legal issues on multiple fronts, including a federal indictment that alleges he illegally conspired to discount votes in the 2020 election, he appears to be cruising to the Republican nomination once again. Raymond James was listed by Goldman and in Barclays' Trump stock basket, according to the Jan. 30 note. A Trump term could benefit energy giants such as Chevron , but also smaller players such as Devon Energy or coal companies such as Peabody Energy , according to Goldman. Another group of industrial companies could get a piece of government spending from expansion of the Mexico border wall under a second Trump administration. Caterpillar was one of the companies involved previously, according to Goldman.

Persons: Donald Trump, Nikki Haley, Trump, Goldman Sachs, Jan Hatzius, Venu Krishna, Goldman, Wells, Piper Sandler, Raymond James Organizations: Trump, Republican, Barclays, Federal Trade Commission, Boston, Vertex Pharmaceuticals, Energy, Republicans, Chevron, Devon Energy, Peabody Energy, Steel Dynamics, Broadcom, Caterpillar Locations: China, Cleveland, Mexico

☆ Stocks enter 'belief' phase with most investors converted to bulls. What it means going forward
▼ + stars: | 2024-03-02 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

The sheer persistence of the equity rally, with the S & P 500 up 16 of 18 weeks and refusing to succumb to supposed late-February seasonal weakness, has converted the cautious. Still, by some lights, stocks' valuation is one of the better sentiment indicators, and by that measure the investment community is pretty enthusiastic. More simply, we continue to see elevated but not alarming P/Es in the S & P 500 broadly while the median P/E of the top 10 names in the index remains close to past peaks." Coming at a time when the S & P 500 is more than 13% above its 200-day moving average — pretty stretched — and we haven't had even a 3% pullback since October. The "right" cyclical sectors are leading (industrials and consumer discretionary in addition to tech), and the equal-weight S & P 500 is nosing toward its old high.

Persons: Scott Rubner, maven, Goldman Sachs, there's, it's, hustled, gunning, BofA's Savita Subramanian, Citi's Scott Chronert, Barclays Venu Krishna, Lori Calvasina, haven't, I've, We've, Stocks, – Organizations: Micro, Dell Technologies, ARM Holdings, Bank of America, Barclays, Big Tech, Tech, Federal, Fed Locations: U.S

☆ S&P 500 to hit 5300 because of US economy and Big Tech stocks, says Barclays' Venu Krishna
▼ + stars: | 2024-02-29 | 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 EmailS&P 500 to hit 5300 because of US economy and Big Tech stocks, says Barclays' Venu KrishnaVenu Krishna, Barclays head of U.S. equity strategy, joins CNBC's "Money Movers" to discuss his bullish call on the S&P 500.

Persons: Venu Krishna Venu Krishna Organizations: Big Tech, Barclays

☆ Barclays raises S&P 500 target to 5,300 on tech leadership and resilient economy
▼ + stars: | 2024-02-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

The market's hot start to 2024 will continue thanks to a strong tech sector and a resilient economy despite high rates, according to Barclays. The bank raised its S & P 500 target to 5,300 from 4,800. Year to date, the S & P 500 is up 6.3%, led by even more gains in tech amid excitement around artificial intelligence and the prospects of it bolstering profits. The S & P 500 tech sector is up 9.6% in 2024, outperforming the 10 other sectors. Krishna also raised his full-year earnings forecast for the S & P 500 to $235 per share from $233.

Persons: It's, Venu Krishna, Krishna Organizations: Barclays, CNBC Market, UBS, Big Tech, Tech, Nvidia Locations: Monday's

☆ India is the new Asia growth story. Here’s why investors are bullish on the outlook
▼ + stars: | 2024-02-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

As China's property market and deflation woes continue to rattle investors, India's growth outlook appears all the more impressive. Last year's annual report attributed strong revenue growth partially to expansion in the Middle East, India, and Asia, Krishna wrote. "More than revenue, India is an important area for sourcing talent" as well, Krishna wrote. Growth potential For investors looking to gain exposure to the domestic stock market, Indian equities themselves aren't especially cheap though. "You're paying for the growth potential in India, certainly.

Persons: Morgan Stanley, Chetan Ahya, Ahya, Bernstein, —, Narendra Modi, Bill Fitzpatrick, Fitzpatrick, Quincy Krosby, Venu Krishna, Aecom, Krishna, Tim Long, Long, Simon Coles, Krosby, Jeffrey Gundlach, Gundlach, CNBC's, — CNBC's Michael Bloom Organizations: Investment, Logan Capital Management, Modi, Infrastructure Pipeline, Aecom, Barclays, Cisco Systems, Juniper Networks, India —, Semiconductor, Micron Technology, Qualcomm, Logan Capital Locations: India, China, Asia, Philadelphia, South Carolina . U.S, Dallas, East, Asia Pacific, Japan, Coles , U.S, U.S, IShares

☆ Strategists say red hot stock market rally is due for a breather
▼ + stars: | 2023-12-20 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The equity market is due for a cooldown, according to several strategists, who are telling clients to begin positioning themselves defensively in preparation for a slow-growth earnings environment next year. The S & P 500 has rallied almost 24% this year, but is up 11% in the fourth quarter alone. The SPDR S & P Regional Banking ETF , for example, is up 24% this quarter, but still down 12% for the year. According to Calvasina, industrials are the most overvalued sector in the S & P 500, while energy and communication services offer the most attractive valuations. .GSPHC YTD mountain S & P Health Care sector performance this year.

Persons: Venu Krishna, Krishna, haven't, Lori Calvasina, Calvasina, Marko Kolanovic, Kolanovic Organizations: Barclays, Dow Jones, Federal Reserve, CNBC, Big Tech, Regional Banking, RBC Capital, P Health Care, JPMorgan Locations: Krishna, SPX, Europe

(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

☆ Barclays fears year-end gains could be stealing 2024's potential returns
▼ + stars: | 2023-11-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

For investors cheering stocks' strong rally into the year end, Barclays warned that it could be eating into 2024's return. A number of macro news events sparked a relief rally in equities as 2023 begins to wrap up, with the S & P 500 registering four straight weeks of gains and climbing 8.5% in November. "Combined with year-end seasonality, the surge in institutional flows could push equities over their skis, essentially 'borrowing' 2024 returns and leaving less room for upside next year," he added. .SPX YTD mountain S & P 500 The firm expects only single-digit returns next year as modest economic deceleration offsets the benefit of easing inflation. Barclays raised its 2024 S & P 500 price target to 4,800, from 4,500 previously.

Persons: Venu Krishna, Krishna, dovish, Treasury QRA, — CNBC's Michael Bloom Organizations: Barclays, Treasury, Big Tech, CNBC Pro's, Survey, Wall

☆ Earnings not providing 'meaningful upside catalysts' to the market, says Barclays' Venu Krishna
▼ + stars: | 2023-11-09 | 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 EmailEarnings not providing 'meaningful upside catalysts' to the market, says Barclays' Venu KrishnaVenu Krishna, Barclays Head of US Equity Strategy, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Venu Krishna Venu Krishna Organizations: Barclays, US Equity

☆ Prospects for both bonds and stocks are starting to look more attractive: Wilmington's Meghan Shue
▼ + stars: | 2023-10-23 | 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 EmailProspects for both bonds and stocks are starting to look more attractive: Wilmington's Meghan ShueMeghan Shue, Wilmington Trust EVP, and Venu Krishna, Barclays Investment Bank head of U.S. equity strategy, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Meghan Shue Meghan Shue, Venu Krishna Organizations: Wilmington Trust, Barclays Investment Bank Locations: Wilmington

Investors are awaiting Microsoft (MSFT.O), Google-owner Alphabet (GOOGL.O) and Meta Platforms (META.O) earnings this week, which will show whether their stocks justify sky-high valuations. The Nasdaq (.NDX) lost steam during the session as investors looked to non-tech stocks for bargains, lifting sectors from energy to banks. Barclays' head of U.S. equity strategy Venu Krishna said in a note to clients that investors are differentiating between tech companies. A few Big Tech names are driving all of the earnings upside, while the outlook for the "Rest of the Tech" is deteriorating, he said. Helping the Dow (.DJI) notch its longest winning streak since February 2017, Chevron (CVX.N) gained as the oil giant posted upbeat preliminary quarterly earnings over the weekend.

Persons: Barbie, Randy Frederick, Venu Krishna, You've, Carol Schleif, Toymaker Mattel, AMC's, Carolina Mandl, Bansari Mayur Kamdar, Johann M, Shounak Dasgupta, Anil D'Silva, Richard Chang Organizations: Chevron, Dow, Dow Jones, Federal Reserve, Schwab Center, Financial Research, Microsoft, Google, Nasdaq, Barclays, Big Tech, Tech, Investors, BMO Family Office, Reuters, AMC Entertainment, Thomson Locations: U.S, New York, Bengaluru

☆ 'We expect greater downside from here', says Barclays' Venu Krishna on new S&P 500 target
▼ + stars: | 2023-07-10 | 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 Email'We expect greater downside from here', says Barclays' Venu Krishna on new S&P 500 targetMeghan Shue, Wilmington Trust EVP, and Venu Krishna, Barclays head of U.S. equity strategy, join 'Closing Bell Overtime' to discuss the day's market action, their latest market calls and more.

Persons: Venu Krishna, Meghan Shue Organizations: Barclays, Wilmington Trust Locations: Wilmington

☆ Watch CNBC's full interview with Meghan Shue and Venu Krishna
▼ + stars: | 2023-07-10 | 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 EmailWatch CNBC's full interview with Meghan Shue and Venu KrishnaMeghan Shue, Wilmington Trust EVP, and Venu Krishna, Barclays head of U.S. equity strategy, join 'Closing Bell Overtime' to discuss the day's market action, their latest market calls and more.

Persons: Meghan Shue, Venu Krishna Meghan Shue, Venu Krishna Organizations: Wilmington Trust, Barclays Locations: Wilmington

☆ Macro uncertainties means market downside is still a 'meaningful risk', says Barclays' Venu Krishna
▼ + stars: | 2023-06-27 | 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 EmailMacro uncertainties means market downside is still a 'meaningful risk', says Barclays' Venu KrishnaVenu Krishna, Barclays head of U.S. equity strategy and David Doyle, Macquarie head of economics, joins 'Closing Bell Overtime' to talk the day's market action, the possibility of future Fed rate hikes, and more.

Persons: Venu Krishna Venu Krishna, David Doyle, Macquarie Organizations: Barclays

☆ Watch CNBC's full interview with Venu Krishna and David Doyle
▼ + stars: | 2023-06-27 | 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 Venu Krishna and David DoyleVenu Krishna, Barclays head of U.S. equity strategy and David Doyle, Macquarie head of economics, joins 'Closing Bell Overtime' to talk the day's market action, the possibility of future Fed rate hikes, and more.

Persons: Venu Krishna, David Doyle Venu Krishna, David Doyle, Macquarie Organizations: Barclays

☆ Further stock market advance depends on rally broadening out
▼ + stars: | 2023-06-05 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The advance in those indexes, particularly the S & P 500, has been very uneven, even with last week's broad rally. Lowry Research analysts noted that investors simply in the S & P 500, or in tech stocks, were clearly in an up market. Lowry noted that 48.2% of all operating-company only stocks are 20% or more below their 52-week highs, which Lowry and others define as bear market territory. That's far worse than the 32% that were in bear market territory on February 2, when the S & P 500 was at a new high for the year. "Bull markets are hard-pressed to last when the number of stocks entering 'bear market territory' grows," Lowry noted.

Persons: You'd, Chadha, SPX, Venu Krishna, Lowry, Russell, Quincy Krosby Organizations: Deutsche Bank, Barclays, Street Journal, Lowry Research, LPL

☆ A top Wall Street investment strategist breaks down why stocks are setting up for a 22% drop in the second half of the year — and shares 2 signs that show a recession is likely
▼ + stars: | 2023-06-03 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Piper Sandler's Michael Kantrowitz says a recession is hurtling toward the US economy. He pointed to stocks falling in lockstep with rising unemployment claims in 2007, 2000, 1990, 1981, 1973, and 1969. Today, investors are again doing a poor job of forecasting rising unemployment claims in the months ahead, Kantrowitz believes. Underpinning Wilson's call is an earnings recession this year that investors aren't pricing in. "We first started talking about the coming earnings recession a year ago and received very strong pushback, just like today.

Persons: Piper Sandler's Michael Kantrowitz, Kantrowitz, Michael Kantrowitz doesn't, Piper Sandler, it's, Louis, Greg Boutle, Cantor Fitzgerald's Eric Johnston, Venu Krishna, Morgan Stanley's Mike Wilson, Wilson, Albert Edwards Organizations: Energy, Survey, Federal Reserve Bank of St, BNP, Barclays, Conference, Board, National Federal, Independent, of Labor Statistics, Generale's Locations: lockstep

☆ Wall Street's official stock market outlook — The latest CNBC Market Strategist Survey
▼ + stars: | 2023-05-11 | by ( Michael Bloom | ) www.cnbc.com time to read: 1 min

Where do the sharpest minds on Wall Street believe the market is headed? The CNBC PRO exclusive Market Strategist Survey is a roundup of year-end targets for the S & P 500 from top Wall Street strategists, updated quarterly, or whenever there is a material change to the forecasts. Here are the current 2023 targets from top strategists. Maximum target: 4,575 — Sam Stovall, CFRA Minimum target: 3,725— Venu Krishna, Barclays Average target: 4,147 Median Target: 4,100

☆ Here are 5 questions that are top of mind for investors as the S&P 500 wavers and the Fed enters its next policy phase
▼ + stars: | 2023-05-09 | by ( Carla Mozée | ) www.businessinsider.com time to read: +6 min

Barclays outlined the top questions investors are asking as the S&P 500 looks stuck in a tight trading range. The S&P 500 is likely to remain rangebound in the short-term, Krishna said. Tail risks aside, markets may be lulled into thinking hurdles - just as the current earnings recession – can be cleared in record time. That scenario tilts the balance of risk toward its base case of a shallow recession base case and an S&P 500 price target of 3,725. The S&P 500 during Tuesday's session was at 4,125.

☆ These smaller stocks have nearly 30% upside, according to Barclays
▼ + stars: | 2023-04-26 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Although small-cap stocks have taken a hit in recent weeks, Barclays Capital has several picks in the sector that it expects to have significant upside. The following names show strong upside potential, with a median upside to price target of 28%. Powell has a price target of $24 on the REIT, which represents 52% upside from where shares closed on Tuesday. Barclays sees an upside of 37% for the stock since Tuesday's close. Retailer Dick's Sporting Goods , water management products manufacturer Advanced Drainage Systems and US Foods are companies Barclays expects to benefit from expanding margins through strong sales growth and declining costs.

☆ What to watch for in the markets in the week ahead: Monster tech earnings, then sell in May?
▼ + stars: | 2023-04-21 | by ( Scott Schnipper | ) www.cnbc.com time to read: +6 min

More than one third (35%) of the S & P 500 reports earnings next week — including megacaps Microsoft, Alphabet, Meta Platforms and Amazon — versus less than 12% in the week just ended and only 2% last week. So far this quarter, S & P 500 earnings are running 4.7% below the same period a year ago, Refinitiv data shows. Back then, the S & P 500 fell 19.4% from its April high to a low on October 3. Meanwhile, next week is the last full trading week before Wall Street's old adage to "sell in May and go away" takes hold. ET: FHFA Home Price index (February); S & P Case-Shiller home price indexes (February) 10:00 a.m.

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