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☆ The No. 1 dividend strategy right now according to Wolfe Research
▼ + stars: | 2023-05-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Wolfe Research strategist Chris Senyek said in a note to clients Tuesday the slowing U.S. economy should push investors toward stocks that reliably throw off cash. One simple way for investors to buy into the aristocrats is the ProShares S & P 500 Dividend Aristocrats ETF (NOBL). NOBL YTD mountain The NOBL ETF is underperforming the broader market in 2023. A similar fund is the SPDR S & P Dividend ETF (SDY) , which tracks an index of stocks in the S & P 1500 Index that have increased dividends for at least 20 consecutive years. That fund weights stocks by yield and has a distribution yield of 3.04%, also according to FactSet.

Persons: Wolfe, Chris Senyek, Senyek, NOBL, — CNBC's Michael Bloom Organizations: Wolfe Research, Cardinal Health Locations: U.S, NOBL, Albemarle, Pentair

☆ Here's what's next for bank stocks after the failure of First Republic
▼ + stars: | 2023-05-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

First Republic's demise was the third regional bank failure since early March, when Silicon Valley Bank and Signature Bank folded within days of each other. There is cautious optimism on Wall Street that First Republic will be the last failure of this period. However, reports from other regional banks weren't nearly as dire, with many reporting that deposits had stabilized and were growing again. However, the failure of First Republic could cause some more turbulence, at least in the short-term, for both deposits and bank stocks. "We don't believe that regional banks are completely out of the woods," Wolfe Research chief investment strategist Chris Senyek said in a note to clients on Monday.

☆ Stocks won't see sustainable rally without clarity on inflation, says NYU's Aswath Damodaran
▼ + stars: | 2023-04-28 | 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 EmailStocks won't see sustainable rally without clarity on inflation, says NYU's Aswath DamodaranAswath Damodaran, professor of finance at NYU's Stern School Of Business, and Chris Senyek, Wolfe Research chief investment strategist, joins 'The Exchange' to discuss tech companies carrying the market, disparities between old and young tech, and the macroeconomic picture.

☆ This style of dividend 'aristocrat' ETF could outperform going into a recession
▼ + stars: | 2023-04-27 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

As such, we recommend buying Dividend Aristocrats, which are companies that have a long track record of increasing dividends," Senyek said. Additionally, Dividend Aristocrats' outperformance has tended to persist during the initial stages of recoveries, which also tend to be highly uncertain environments," he added. One fund that tracks the group directly is the ProShares S & P 500 Dividend Aristocrats ETF (NOBL) . Those funds have a total return of 1.7%% and 3%, respectively, so far this year. Another similar product is the iShares Core Dividend ETF (DIVB) .

☆ Short these stocks with deteriorating earnings, Wolfe Research says
▼ + stars: | 2023-04-18 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Wolfe Research is recommending a basket of companies to short ahead of their quarterly earnings. AI YTD mountain C3.ai has one of the worst earnings quality ratings on the Wolf Research list. Elsewhere, Hasbro also has one of the lower earnings quality ratings on the Wolfe scale, earnings just three out of 100. The Wolfe report showed a sequential earnings quality decline of more than 82%. SPWR YTD mountain Although SunPower has a higher earnings quality rating on the Wolfe Research list, the company still has high short interest according to the report.

☆ 'The numbers need to come down,' bears say ahead of the next round of earnings reports
▼ + stars: | 2023-04-05 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Earnings season does not start until April 14, when the big banks begin reporting, but already the bears are saying expectations are too high. One of the issues that drives bears crazy is the refusal of analysts to slash earnings estimates for 2023. This is exactly what happened during the big selloff that culminated in the drop in the S & P in October of last year. These estimates from analysts are known as "bottoms-up" estimates, because the estimates come from an analysis of individual companies. I'll get into this more as we get closer to earnings season, but here's an example from Wolfe Research's Chris Senyek.

☆ Nasdaq's rip higher looks like a bear market rally, says Wolfe's Chris Senyek
▼ + stars: | 2023-03-30 | 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 EmailNasdaq's rip higher looks like a bear market rally, says Wolfe's Chris SenyekChris Senyek, chief investment strategist at Wolfe Research, and CNBC's Mike Santoli join 'The Exchange' to discuss the two sides of the bear and bull case, address recession fears, and predict the Fed's next steps.

Wolfe Research warned investors to avoid these low-quality stocks that could blow up. Using fourth-quarter corporate results, Wolfe Research identified potentially underperforming stocks using its earnings quality score, which considers several variables including sentiment, valuation metrics and various financial ratios. From this group, Wolfe Research found the names in the bottom 10% of its earnings quality score. Wolfe Research also identified names with high short interest relative to the company's sector. Wolfe also found the company has the lowest earnings quality score of all energy stocks tracked at just 2.

☆ The stock market is amazingly in the green since the bank crisis broke out. Here's why
▼ + stars: | 2023-03-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Despite the banking crisis, the S & P 500 is actually higher than it was the day before Silicon Valley Bank's troubles dragged the banking sector down. Crisis causes Fed to 'grip the wheel' The bank crisis is also seemingly affecting the Federal Reserve 's policy of raising interest rates, experts said. Yet on Wednesday, the Fed announced a 25 percentage point increase , while expressing caution about the banking crisis. "The banking crisis basically caused the Fed to grip the wheel with two hands and take a more cautious approach to its rate tightening policy," Stovall said. "Other areas of the economy, including larger companies who may maintain access to bank credit and public markets (and perhaps consumer relative to commercial borrowers) might then escape with less negative impacts," he said.

☆ Playing defense as market tumbles — 10 stocks that outperform in recessions
▼ + stars: | 2023-03-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

As the market tumbles and recession risks rise, it's time to start playing defense and buying stocks that are poised to outperform in the later innings of the U.S. market cycle, according to Wolfe Research. Bond yields have fallen, oil prices have steeply dropped and stock market volatility has surged. With that in mind, here are 10 of the stocks that Wolfe Research believes outperform the rest of the market during a recession. It has an estimated 2023 P/E of 24.7x and an EV/2023 estimated EBITDA of 16.4x. The drugmaker has an estimated 2023 P/E of 37.2x and an EV/2023 estimated EBITDA of 28.7x.

☆ Beware these stocks with high leverage as a potential recession looms, Wolfe Research says
▼ + stars: | 2023-03-07 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Concerns of an impending recession have become paramount in corporate America after the Federal Reserve began raising interest rates in a bid to cool inflation. Given this environment, Senyek screened for stocks that could be most vulnerable as interest rates rise and the economy slows. Norwegian Cruise Line also made the list, but for its estimated floating debt rate. TransUnion also raised a red flag for its 98% estimated floating debt rate. Despite the floating debt rate and lackluster earnings forecast, others are still optimistic about the credit reporting agency.

☆ Stay away: These stocks are expensive and most vulnerable to a consumer slowdown, Wolfe Research says
▼ + stars: | 2023-02-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Consumer spending is likely to turn negative following "a series of rolling recessions," and there are several vulnerable stocks that investors may want to steer clear of in the months ahead, according to Wolfe Research. Most of them have highly volatile gross margins, leaving them vulnerable to disappointing consumer spending. It's followed in volatility by Peloton , with gross margin volatility of 31%. Its gross margin volatility is 13%. DraftKings and Las Vegas Sands are also near the top in terms of gross margin volatility, at 26% and 25%, respectively.

☆ There's at least a 20 percent downside for stocks from here, says Wolfe Research's Chris Senyek
▼ + stars: | 2022-12-16 | 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 EmailThere's at least a 20 percent downside for stocks from here, says Wolfe Research's Chris SenyekChris Senyek, Wolfe Research chief investment strategist, joins 'Closing Bell' to discuss the markets and trading day.

☆ The bear market isn't over, and drawdown has another 25% to go, Wolfe Research predicts
▼ + stars: | 2022-12-06 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Investors hoping that the 2022 bear market will subside next year are likely to be disappointed, according to Wolfe Research's outlook for 2023. The firm sees the slump in stocks continuing, and even falling further from trading prevailing prices. "The current bear market isn't over – we expect another 25% to 35% drawdown from current levels," analyst Chris Senyek wrote in a note Tuesday. Bear market signals There are multiple reasons that Senyek sees stocks falling further next year instead of rebounding into a new bull market. Wolfe's checklist Of the 10 items on Wolfe's "market bottom" checklist, none have definitively turned positive.

☆ Watch CNBC's full interview with Wolfe Research's Chris Senyek
▼ + stars: | 2022-11-14 | 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 Wolfe Research's Chris SenyekChris Senyek, Wolfe Research chief investment strategist, joins 'The Exchange' to discuss Senyek's thoughts on recent market performance, the next trigger for a lower market trajectory and more.

☆ We would be selling any rally here — it's not a change in trend, says Wolfe Research's Senyek
▼ + stars: | 2022-11-14 | 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 EmailWe would be selling any rally here — it's not a change in trend, says Wolfe Research's SenyekChris Senyek, Wolfe Research chief investment strategist, joins 'The Exchange' to discuss his thoughts on recent market performance, the next trigger for a lower market trajectory and more.

☆ Bear market still has more pain to inflict before it bottoms, history shows
▼ + stars: | 2022-10-20 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Data analyzed by Bespoke Investment Group shows that stocks' current bear market may need to take another leg lower before rebounding. That spells bad news for investors hoping the current bear market has hit a bottom, as the general rule of thumb is the final six months of a bear market before a bounce should be particularly painful. "When it comes to investing during a bear market, you'll often hear the advice that investors should wait on the sidelines until the market shows signs of meaningful stabilization," the firm said. The S & P 500 closed within 5% of the true low a median of 10 times during previous bear markets. In just the six months before Oct. 12, the S & P 500 closed within 5% on 20 trading days.

☆ Buy these stocks that are beating earnings expectations in this tough environment, Wolfe Research says
▼ + stars: | 2022-10-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

PepsiCo continued its winning streak by reporting third-quarter results before the bell Wednesday that beat expectations. CVS Health doesn't report its third-quarter results until Nov. 2, but in its second-quarter report , the company increased its earnings outlook for 2022. In the second quarter, the company earned $2.40 per share, adjusted, beating a Refinitiv forecast of $2.17 per share. Rising oil prices helped Chevron , which reported record profits during the second quarter of 2022. Earnings came in at $11.62 billion during the three-month period, up from $3.08 billion during the second quarter of 2021.

☆ What traders are thinking about before the big Fed decision Wednesday afternoon
▼ + stars: | 2022-09-21 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

The S & P 500 is about 70 points below where it was at the close of the last Federal Reserve meeting on July 27. The last several Fed meetings have seen the S & P close up on the announcement day, but there's no pattern after that. After the May 4 meeting, the S & P dropped three days in a row, and after the March 16 meeting, a rally continued for several days. Corporate bond funds are also at new lows, including the Vanguard Short-Term Corporate Bond ETF (VCSH) and the iShares Investment Grade Corporate Bond ETF (LQD) . Remarkably, there have not been outflows from these funds, likely because they have strong institutional support and broad bond funds like these tend to be "sticky."

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