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☆ Here's why some of Wall Street's biggest bulls are still calling for a recession in 2024 — and 4 investments they recommend right now
▼ + stars: | 2023-12-02 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

After a year of steady, resilient growth, the US economy will finally slip into a recession in 2024. Deutsche Bank is also calling for double-digit profit growth in a weaker economic backdrop. "For 2024, the house economics view with a mild short US recession implies $250 (+10%)," Chadha wrote in reference to S&P 500 earnings. Deutsche Bank also foresees earnings growth next year. "We remain overweight the financials as well as consumer cyclicals as they are already priced for a recession and the biggest beneficiary of an eventual recovery," Chadha wrote.

Persons: That's, —, Chris Grisanti, Brian Belski, Chadha, Belski, Financials, BMO's Organizations: Wall, Business, BMO Capital Markets, Deutsche Bank, MAI Capital Management, CNBC, BMO, Deutsche, Labor, Investors, Tech Locations: Chadha

☆ Stock market appears 'too optimistic' by pricing in Fed rate cuts early, says BMO's Yung-Yu Ma
▼ + stars: | 2023-12-01 | 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 EmailStock market appears 'too optimistic' by pricing in Fed rate cuts early, says BMO's Yung-Yu MaYung-Yu Ma, BMO Wealth Management CIO, joins 'Squawk on the Street' to discuss Ma's first take on the recent comments from Jerome Powell, why Ma believes equity markets are too optimistic about rate cuts, and much more.

Persons: BMO's Yung, Yu Ma Yung, Yu Ma, Jerome Powell, Ma Organizations: Email, BMO Wealth Management

☆ The Fed will 'underperform' what the market is expecting in rate cuts, says BMO's Ian Lyngen
▼ + 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 Fed will 'underperform' what the market is expecting in rate cuts, says BMO's Ian LyngenIan Lyngen, BMO Capital Markets head of U.S. rates strategy, joins 'Squawk Box' to discuss the latest market trends, Treasury yields, the Fed's inflation fight, when investors can expect rate cuts from the central bank, and more.

Persons: Ian Lyngen Ian Lyngen Organizations: BMO Capital Markets

☆ Make these 5 investments as stocks climb to record highs in 2024, according to top strategists at Bank of America and BMO Capital Markets
▼ + stars: | 2023-11-28 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

COVID), and active funds are hugging their benchmarks," Subramanian wrote in a note about her 2024 outlook. "We're bullish not because we expect the Fed to cut, but because of what the Fed has accomplished," Subramanian wrote. BMO Capital MarketsBofA analysts are calling for slower inflation, better profit margins, and improved efficiency, Subramanian wrote. BMO is less optimistic about energy stocks since they've lagged behind oil prices in the last year. Consumer discretionary is a strong bet if interest rate hikes are over and consumers keep spending, Subramanian wrote.

Persons: Brian Belski, Belski, Savita Subramanian, Subramanian, Bank of America BMO's Belski, he's, boomers, BofA Organizations: Bank of America, BMO Capital Markets, Business, BMO, Federal Reserve, " Bank of, Energy, BMO isn't Locations: Ukraine, Israel

☆ Amid the gloom here and abroad, the U.S. stock market is holding up just fine
▼ + stars: | 2023-11-27 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

I dislike getting involved in debates on the stock market when I am enjoying an old-fashion rum punch at a beach bar in the Caribbean, but I couldn't resist interjecting. "We'll see how the coming slowdown plays out," he said, and turned back to his discussion. The coming slowdown? More may be coming: the last week of November tends to be the strongest week of the month, Ryan Detrick, chief market strategist at Carson Group, has noted. As for earnings, which are the lifeblood for the stock market, forward earnings estimates for the next 12 months stand at record highs.

Persons: I's, Ryan Detrick, Detrick, Fundstrat's Thomas Lee, Oppenheimer's Ari Wald, Webush's Dan Ives, BMO's Brian Belski, Bespoke's Paul Hickey Organizations: EU, Hamas, Forbes, Bloomberg, Carson Group, LSE Locations: Caribbean, Antigua, British Commonwealth, London, England, American, China, Russia, Ukraine, Israel, U.S

☆ S&P 500 to reach record 5,100 next year, fueled by bumper corporate profits, BMO says
▼ + stars: | 2023-11-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The stock market rally will diversify next year amid a broader, "normal for longer" trend, according to BMO Capital Markets. Chief investment strategist Brian Belski set his 2024 base case target of 5,100 for the S & P 500, which implies an almost 12% rally from Friday's close. In other words, normal and typical," Belski wrote in a Monday note. But that does not make it normal or typical," Belski added. One market trend that will notably improve next year is the percentage of stocks outperforming the broader index, Belski added.

Persons: Brian Belski, Belski, –, — CNBC's Michael Bloom Organizations: BMO Capital Markets, BMO, Bank of Montreal Locations: Friday's

☆ BMO's Simeon Siegel weighs in on retailers' holiday expectations
▼ + stars: | 2023-11-24 | 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 EmailBMO's Simeon Siegel weighs in on retailers' holiday expectationsSimeon Siegel, BMO capital markets senior analyst, joins 'Closing Bell' to discuss the winners and losers in the holiday retail season.

Persons: BMO's Simeon Siegel, Simeon Siegel Organizations: BMO

☆ The stock market just avoided an 'earnings apocalypse,' paving the way for a year-end rally
▼ + stars: | 2023-11-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market has avoided an "earnings apocalypse" following third-quarter results, according to BMO. AdvertisementThe stock market just avoided an "earnings apocalypse" following third-quarter results, and that should set the stage for more gains heading into year-end. "Despite an impressive month-to-date gain thus far, there is still a fair amount of negativity and concern regarding stock market direction," Belski said. With 94% of S&P 500 companies having reported third-quarter earnings results, 83% beat profit estimates by a median of 7%, which is higher than average. That's an encouraging signal, as more participation in the stock market rally should help drive a sustainable continuation of the current bull market.

Persons: BMO's Brian Belski, Belski, —, Brian Belski, That's Organizations: BMO, Service

☆ BMO's bullish bet on Biotech
▼ + stars: | 2023-11-16 | 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 EmailBMO's bullish bet on BiotechThe "Halftime Report" traders debate the biggest analyst calls of the day.

☆ Buy these 15 stocks to mimic a strategy that's crushed the S&P 500 since 2008 and has more than doubled its returns in the last 12 months
▼ + stars: | 2023-11-03 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Stocks have rallied this week as optimism builds about earnings and interest rates. Strategists at BMO Capital Markets see the gains continuing through year-end. US stocks can continue their winning streak through the end of 2023, according to BMO Capital Markets. As expected, the Federal Reserve declined to raise interest rates at its November 1 meeting. Chairman Jerome Powell indicated that higher long-term interest rates set by the market made another hike unnecessary, as Bill Adams, Comerica Bank's economy chief, recently noted.

Persons: Stocks, Jerome Powell, Bill Adams Organizations: BMO Capital Markets, Federal Reserve, Comerica

☆ 'This bull market is alive and well': BMO's strategy chief explains why history supports a continued rally for US stocks in 2024 — and shares 22 companies poised to outperform
▼ + stars: | 2023-10-22 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

"We continue to believe this bull market is alive and well," wrote Brian Belski, the chief investment strategist at BMO Capital Markets, in an October 18 note. Just over a year ago, the S&P 500 snapped out of a 25% downturn that began in early 2022. "While this one-year gain is certainly not impressive by bull market standards, we believe it is notable since many entered the year prognosticating doom-and-gloom for US stocks," Belski wrote. Don't expect a second-year slump for stocksAll eyes are now on the S&P 500 as it enters the second year of a bull market. BMO Capital Markets22 buy-rated stocks to target nowStock-picking will be increasingly important if the S&P 500 falls under pressure, in BMO's view.

Persons: Brian Belski, Belski Organizations: BMO Capital Markets, BMO Capital, BMO Locations: Montreal

☆ The Fed won't raise rates again, says BMO's Yung-Yu Ma
▼ + stars: | 2023-10-20 | 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 EmailThe Fed won't raise rates again, says BMO's Yung-Yu MaYung-Yu Ma, BMO Wealth Management chief investment strategist, joins 'Squawk on the Street' to discuss the Fed's interest rate outlook, how much further Treasury yields could climb, and more.

Persons: BMO's Yung, Yu Ma Yung, Yu Ma Organizations: BMO Wealth Management

☆ Paxlovid contract renegotiation pushed Covid business over the edge, says BMO's Evan Seigerman
▼ + stars: | 2023-10-16 | 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 EmailPaxlovid contract renegotiation pushed Covid business over the edge, says BMO's Evan SeigermanEvan Seigerman, BMO Capital Markets analyst, joins 'Closing Bell: Overtime' to discuss Pfizer and BioNTech cutting guidance amid Covid sales falling, the weight loss boom, and more.

Persons: renegotiation, BMO's Evan Seigerman Evan Seigerman Organizations: BMO Capital Markets, Pfizer

☆ Watch CNBC's full interview with Cantor Fitzgerald's Eric Johnston and BMO's Brian Belski
▼ + stars: | 2023-10-13 | 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 EmailWatch CNBC's full interview with Cantor Fitzgerald's Eric Johnston and BMO's Brian BelskiEric Johnston, Cantor Fitzgerald's head of equity derivatives and cross-asset, and Brian Belski, chief investment strategist at BMO Capital Markets, join 'Closing Bell' to discuss the possibility of a late-year rally, the outlook for interest rates, and more.

Persons: Cantor Fitzgerald's Eric Johnston, BMO's Brian Belski Eric Johnston, Cantor Fitzgerald's, Brian Belski Organizations: BMO Capital Markets

☆ We're going to have a soft landing, says BMO's Brian Belski
▼ + stars: | 2023-10-13 | 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 EmailWe're going to have a soft landing, says BMO's Brian BelskiEric Johnston, Cantor Fitzgerald's head of equity derivatives and cross-asset, and Brian Belski, chief investment strategist at BMO Capital Markets, join 'Closing Bell' to discuss the possibility of a late-year rally, the outlook for interest rates, and more.

Persons: Brian Belski Eric Johnston, Cantor Fitzgerald's, Brian Belski Organizations: BMO Capital Markets

☆ Eli Lilly is on a buying spree. Here’s what it means for investors like us
▼ + stars: | 2023-10-05 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

Still, he said it's "healthy" for a company like Eli Lilly — valued over $500 billion, as of Thursday — to be executing smaller deals. "They can still put their mark on an asset or a constellation of drugs," said Seigerman, who has a buy rating and $633-per-share price target on Eli Lilly stock. LLY 1Y mountain Eli Lilly's stock performance over the past 12 months. Details on the deals The three companies Eli Lilly bought this summer have drugs in various stages of the clinical development process. In the near term, though, they may result in a noisy third-quarter earnings report as Eli Lilly records the acquisitions.

Persons: Eli Lilly, Mounjaro, Jim Cramer, Eli Lilly's, Lilly, –, Verzenio, Evan Seigerman, Eli Lilly —, Seigerman, Lilly's, Dice, Versanis, Sigilon, that's, BMO's Seigerman, Eli, we'd, Jim Cramer's, Jim, Daniel Acker Organizations: Indianapolis, U.S . Food, Drug Administration, BMO Capital, Immunology, Therapeutics, Siligon Therapeutics, Oncology, Club, Department of Health, Human Services, Dice Therapeutics, Alzheimer's, Treasury, CNBC, Bloomberg, Getty

☆ BMO expects more market volatility. These dividend payers can cushion the ride
▼ + stars: | 2023-10-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Investors looking for safety amid the market turbulence can find it in certain dividend stocks, according to BMO Capital Markets. "One of the benefits of a dividend-focused investment strategy, such as our Dividend MFR [Dividend Multi-Factor Rank] model, is its ability to combat high levels of volatility and protect against market losses," Brian Belski, chief investment strategist at BMO, wrote in a note last week. Pioneer Natural Resources has a whopping 7.6% dividend yield. Meanwhile, Eli Lilly has a 0.9% dividend yield. Lastly, tech giant Microsoft made the cut with its 0.9% dividend yield.

Persons: Brian Belski, Belski, Howard Schultz, Eli Lilly, — CNBC's Michael Bloom Organizations: BMO Capital Markets, BMO, Treasury, Natural Resources, West Texas, Starbucks, Microsoft Locations: ChatGPT

☆ 2025 looks like a great year for fundamentals in real estate, says BMO's John Kim
▼ + stars: | 2023-10-04 | 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 Email2025 looks like a great year for fundamentals in real estate, says BMO's John KimJohn Kim, analyst at BMO Capital Markets, joins 'Squawk on the Street' to discuss how REITs typically perform with higher bond yields, the underlying financing for new or existing developments, and places to hide in the real estate sector.

Persons: BMO's John Kim John Kim Organizations: BMO Capital Markets

☆ The labor market will continue to be relatively stable going forward, says BMO's Yung-Yu Ma
▼ + stars: | 2023-09-27 | 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 EmailThe labor market will continue to be relatively stable going forward, says BMO's Yung-Yu MaYung-Yu Ma, BMO Wealth Management chief investment strategist, joins 'Squawk on the Street' to discuss how much equity markets can move higher while interest rates remain high, whether investors should stick with energy stocks going forward, or more.

Persons: BMO's Yung, Yu Ma Yung, Yu Ma Organizations: BMO Wealth Management

☆ Third-quarter earnings will be pretty good, says BMO's Brian Belski
▼ + stars: | 2023-09-25 | 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 EmailThird-quarter earnings will be pretty good, says BMO's Brian BelskiBrian Belski, chief investment strategist at BMO Capital Markets, joins 'Closing Bell' to discuss drops in the indexes, the trajectory of next year's energy costs, and more.

Persons: Brian Belski Brian Belski Organizations: BMO Capital Markets

☆ Retail sector is in a 'limbo state': BMO's Simeon Siegel
▼ + stars: | 2023-09-22 | 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 EmailRetail sector is in a 'limbo state': BMO's Simeon SiegelSimeon Siegel, senior analyst at BMO Capital Markets, joins 'Closing Bell' to discuss the rough week for retail stock, their future, and more.

Persons: BMO's Simeon Siegel Simeon Siegel Organizations: BMO Capital Markets

☆ Interest rates stay higher because the economy's good and stocks are following suit: BMO's Belski
▼ + stars: | 2023-09-22 | 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 EmailInterest rates stay higher because the economy's good and stocks are following suit: BMO's BelskiBrian Belski, chief investment strategist at BMO Capital Markets, joins 'Squawk on the Street' to discuss how the economy evades elevated rate risks, whether macroeconomic pressures could impact seasonality, and more.

Persons: BMO's, Brian Belski Organizations: BMO Capital Markets

☆ Despite economic issues America is 'still a place where people want to invest': BMO's Carol Schleif
▼ + stars: | 2023-09-19 | 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 EmailDespite economic issues America is 'still a place where people want to invest': BMO's Carol SchleifHosted 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: Carol Schleif, Brian Sullivan, “ Organizations: CNBC Locations: America

REUTERS/Chris Wattie/File Photo Acquire Licensing RightsTORONTO, Sept 17 (Reuters) - Bank of Montreal (BMO) (BMO.TO) is winding down its indirect retail auto finance business and shifting focus to other areas in a move that will result in an unspecified number of job losses, Canada's third-largest bank said. The bank, which announced the move on Saturday, has conducted this business in Canada and the United States. Under the indirect retail auto finance business, the bank works with car dealerships to arrange financing for buyers, who make monthly payments to the lender. "By winding down the indirect retail auto finance business, we have the ability to focus our resources on areas where we believe our competitive positioning is strongest," BMO said in a statement to Reuters. The remaining loans in this portfolio are primarily auto loans, but also include other loans, including loans for boats, recreational vehicles and motorcycles, Edward Jones analyst James Shanahan said.

Persons: Chris Wattie, Paul Hunsley, Edward Jones, James Shanahan, Nivedita Balu, Denny Thomas, Jane Merriman, Susan Fenton, Will Dunham, Diane Craft Organizations: of Montreal, BMO, REUTERS, Rights, Bank of Montreal, Reuters, The, Bank, Thomson Locations: Ottawa , Ontario, Canada, United States, California, Toronto

A Bank of Montreal (BMO) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo Acquire Licensing RightsTORONTO, Sept 17 (Reuters) - Bank of Montreal (BMO) (BMO.TO) is winding down its retail auto finance business and shifting focus to other areas in a move that will result in an unspecified number of job losses, Canada's third largest bank said on Saturday. "By winding down the indirect retail auto finance business, we have the ability to focus our resources on areas where we believe our competitive positioning is strongest," BMO said in a statement to Reuters. Under the indirect retail auto finance business, the bank provides financing to the vehicle seller instead of directly to the buyer, who makes monthly payments to the lender. The United States now accounts for more than two-thirds of BMO's overall profits.

Persons: Chris Wattie, Paul Hunsley, Gross, Nivedita Balu, Denny Thomas, Jane Merriman, Susan Fenton Organizations: of Montreal, BMO, REUTERS, Rights, Bank of Montreal, Reuters, Bank, Thomson Locations: Ottawa , Ontario, Canada, United States, California, Toronto

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