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The S & P 500 's recent rally has many investors convinced the bear market is drawing to a close, but Citi's Scott Chronert isn't convinced. Chronert, U.S. equity strategist at Citi, isn't buying the rally. He is maintaining his full-year S & P 500 target of 4,000 as he forecasts a pullback in the second half of 2023. According to CNBC Pro's Market Strategist Survey , Barclays, Morgan Stanley and UBS are forecasting the broad market index to fall below 4,000 at year-end. His base case for the S & P 500 forecasts a mid-year 2024 target of 4,400.

Persons: Citi's Scott Chronert isn't, Morgan Stanley, Chronert, — CNBC's Michael Bloom Organizations: Citi, CNBC Pro's, Survey, Barclays, UBS Locations: U.S

☆ We're setting up for a retrenchment around Nasdaq stock gains, says Citi's Scott Chronert
▼ + stars: | 2023-06-08 | 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 setting up for a retrenchment around Nasdaq stock gains, says Citi's Scott ChronertScott Chronert, Citi Research head of U.S. equity strategy, joins 'Squawk Box' to discuss the latest market trends, and why he's confident in his year-end S&P target of 4,000, which would be about a 6% decline from Wednesday's close.

Persons: Citi's Scott Chronert Scott Chronert Organizations: Nasdaq, Citi Research

☆ Investors should consider hedging against implied volatility, says Citi's Chronert
▼ + stars: | 2023-05-10 | 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 EmailInvestors should consider hedging against implied volatility, says Citi's ChronertScott Chronert, Citi U.S. equity strategist, joins 'Squawk on the Street' to discuss what markets have priced-in, what Chronert exepcts from markets from here and Chronert's expectations for upcoming market performance.

☆ Citi's guide to trading the debt ceiling: Beware companies with high revenues from U.S. government
▼ + stars: | 2023-05-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Investors looking to trade the showdown over the U.S. debt ceiling should focus on stocks that are tied most to government spending, according to Citigroup. Lawmakers have been trying to find a way to raise the debt ceiling so the government can pay its bills on time. On Sunday, Treasury Secretary Janet Yellen warned that failing to raise the debt ceiling will cause a " steep economic downturn ." As the fight over the debt ceiling — and talk of spending cuts — ramp up, some stocks will trade down, Citi pointed out. He believes the iShares U.S. Aerospace & Defense , SPDR S & P Aerospace & Defense , and Invesco Aerospace & Defense ETFs "could be useful off-the-shelf trading tools to consider."

☆ Citi's Scott Chronert makes a case for a 10 percent downside by mid-year
▼ + stars: | 2023-05-02 | 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 EmailCiti's Scott Chronert makes a case for a 10 percent downside by mid-yearScott Chronert, Citi U.S. equity strategist, joins 'Closing Bell' to discuss stock downside and the Fed's next move.

☆ These mid-cap funds can give investors growth without Big Tech, Citi says
▼ + stars: | 2023-04-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Tech stocks with healthy cash flow have been the big winners so far this year, and those names are also dominating the growth indexes. One way to dial back your exposure to mega-cap tech while keeping bets on growth is through mid-cap growth ETFs, according to Citi. Another benefit of the mid-cap growth area is that is not as reliant on tech stocks as the large-cap growth bucket, he added. The Citi note highlighted several ETFs that track the mid-cap growth space, including the iShares Russell Mid-Cap Growth ETF (IWP) , the Vanguard Mid-Cap Growth ETF (VOT) , and the Invesco Nasdaq Next Gen 100 ETF (QQQJ) . These funds do have less concentrated exposure than other popular growth ETFs.

☆ Here's what even a 'mild' recession would look like for stocks
▼ + stars: | 2023-04-13 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

That is hardly an "earnings recession." More accurately: analysts are predicting a mild "earnings recession" for the first half of the year, but then a rebound in the second half. The strategists have good reason to be nervous Strategists are nervous because the market is priced for a perfect landing. It is not even priced for a "mild" recession. The difference between a "mild" recession and a "deep" recession on stocks is enormous: a "typical" recession will produce an earnings decline of 10%-20%, and a multiple compression of 20%-25%.

☆ Citi just named 4 new picks, including a Buffett-backed stock it says could soar 70%
▼ + stars: | 2023-04-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Citi gave the stock a price target of $180, implying about 11% upside. The bank gave the stock a price target of $44, giving it almost 40% upside. It gave the stock a price target of $50, implying about 23% upside. Citi gave it a price target of $45, or 71% potential upside. 'Great defensive trade' It comes as Citi's Chronert told CNBC he still sees opportunities in some sectors, despite the market volatility.

☆ There's a 20% chance of severe recession in the U.S., strategist says
▼ + stars: | 2023-04-04 | 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 EmailThere's a 20% chance of severe recession in the U.S., strategist saysScott Chronert, U.S. equity strategist at Citi, says there's a 65% chance of a mild recession.

☆ Explaining the relative calm of the stock market as the Fed hikes rates into a mini-financial panic
▼ + stars: | 2023-03-25 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

.SPX 1Y mountain S & P 500, 1-year So, are equities under-reacting to a badly contorted bond market, a potentially trapped Fed and faltering economy? This has allowed the S & P 500 excluding financials and real estate to outperform the headline index by a couple percentage points year to date. Microsoft alone has added some $240 billion in market value since that date, more than the entire market cap of the S & P 500 regional-banks sub sector. Only about 60% of the S & P 500 members are positive over the past six months even as the index is up 7.5%, a loss of internal energy. The flash S & P Global U.S. Composite PMI for March, reported Friday, was up to 53.3 from 50.1 the prior month and above the 49.5 forecast, a reading S & P says is consistent with around a 2% real GDP pace.

☆ Watch CNBC's full interview with Citi's Scott Chronert and Morgan Stanley's Seth Carpenter
▼ + stars: | 2023-03-17 | 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 EmailWatch CNBC's full interview with Citi's Scott Chronert and Morgan Stanley's Seth CarpenterScott Chronert, Citi U.S. equity strategist, and Seth Carpenter, Morgan Stanley global chief economist, join 'Squawk on the Street' to discuss the Fed rate hikes likelihood after the bank fallout and more.

☆ What to expect from the Fed's meeting next week
▼ + stars: | 2023-03-17 | 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 EmailWhat to expect from the Fed's meeting next weekScott Chronert, Citi U.S. equity strategist, and Seth Carpenter, Morgan Stanley global chief economist, join 'Squawk on the Street' to discuss the Fed rate hikes likelihood after the bank fallout and more.

☆ Pennington Partners' Sumit Handa and Citi’s Scott Chronert debate the likelihood of a recession
▼ + stars: | 2023-03-16 | 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 EmailPennington Partners' Sumit Handa and Citi’s Scott Chronert debate the likelihood of a recessionPennington Partners Sumit Handa and CITI’s Scott Chronert, join 'Closing Bell: Overtime' to weigh in on the recession debate.

☆ Earnings stability will prevent some downside from here, says Citi's Scott Chronert
▼ + stars: | 2023-02-23 | 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 EmailEarnings stability will prevent some downside from here, says Citi's Scott ChronertScott Chronert, Citi, joins 'Closing Bell' to discuss the levels for the S&P as it broke above 4,000 today.

☆ These 2023 underperformers are set for a comeback — 7 stocks with big upside
▼ + stars: | 2023-02-14 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

These stocks are lagging the S & P 500 in 2023, but are favored by analysts who expect a comeback, according to a CNBC Pro screen. Halliburton is due for a comeback, based on the analysts' ratings and price targets. The energy stock declined slightly to start 2023 after surging more than 72% last year. "We are buyers of CEG, which we believe is a significant beneficiary of the IRA, and this is not reflected in the current stock price," analyst Ross Fowler wrote. The Wall Street favorite — with buy ratings from 78% of analysts — has 21% upside to its price target, according to FactSet consensus estimates.

☆ Earnings picture is still far from clear, says Citi's Scott Chronert
▼ + stars: | 2023-02-06 | 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 EmailEarnings picture is still far from clear, says Citi's Scott ChronertScott Chronert of Citi joins 'Closing Bell' to discuss market moves in the trading day.

☆ A 'huge pivot' in China is fueling the emerging markets boom, says Jan van Eck
▼ + stars: | 2023-02-06 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

They're emphasizing growth right now," van Eck said at the Exchange ETF conference in Miami. The iShares MSCI China ETF (MCHI) had a total return of more than 10% this year, through Feb. 3. MCHI YTD mountain This popular China ETF is outperforming in 2023. Van Eck pointed to the outsized growth of major U.S. tech firms as a key reason for that outperformance, but said that era appears to be over. "We've got a decade where you're really taking a risk if you're under invested overseas," van Eck said.

☆ Watch CNBC's full interview with Citi's Scott Chronert and Edward Jones' Mona Mahajan
▼ + stars: | 2023-01-27 | 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 Citi's Scott Chronert and Edward Jones' Mona MahajanScott Chronert, Citi U.S. equity strategist, and Mona Mahajan, senior investment strategist at Edward Jones, join 'Squawk on the Street' to break down the market, a possible mild recession, and more.

☆ Cybersecurity was supposed to be a resilient area of tech, but these ETFs are struggling
▼ + stars: | 2023-01-22 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

Through the first three weeks of the year, the exchange traded funds tracking cybersecurity stocks are underperforming the rest of tech sector. The iShares Cybersecurity and Tech ETF (IHAK) , for example, has returned just 1% in January, well behind the tech and communication services funds that are also sponsored by BlackRock. The January underperformance comes at a time when high growth cybersecurity stocks were expected stay in favor. "From my perspective, it should be doing better in terms of performance because of the tailwinds that are behind cybersecurity," Maier said. Cyber stocks moved broadly higher, with the Global X Cybersecurity ETF (BUG) gaining almost 3%.

☆ These 12 cheap stocks are off to a great start in 2023, and Wall Street sees one jumping more than 50%
▼ + stars: | 2023-01-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

After last year's turmoil, Amazon now trades near a 36% discount to its average forward P/E over the past five years. The theme park operator also trades at a forward PE of 21 times, representing a near 28% discount to the last five years. T-Mobile shares bucked 2022's selloff, gaining nearly 21% and, looking ahead, analysts are overwhelmingly positive on the stock. On a forward P/E basis, shares trades at a 31% discount to the last five years. A weakening economy could test these stocks in the months ahead , but analysts still see their shares rallying nearly 35% each.

☆ Citi's Chronert says a recession is near; shares his 'top conviction calls' to tough it out
▼ + stars: | 2023-01-06 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Citi's Scott Chronert expects a mild recession in the first half of this year and revealed three strategy calls that could help investors trade the downturn. Earnings Earnings will likely come in better than expected, according to Chronert in his outlook for this year, published in December. Strength in some sectors Chronert likes both industrials and energy looking ahead. In the December note, Citi listed a number of "preferred" U.S. energy stocks including APA and EOG Resources . As such, he told CNBC Thursday that he's "steering somewhat clear of" mega-cap companies.

☆ Citi's Scott Chronert shares his outlook for the S&P 500 in 2023
▼ + stars: | 2023-01-05 | 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 EmailCiti's Scott Chronert shares his outlook for the S&P 500 in 2023Citi's U.S. Equity Strategist Scott Chronert discusses how the S&P 500 may perform this year as a recession looms, and his expectations for the earnings season.

☆ Citi strategist expects weakness in early 2023 is a buying opportunity. Here are his large-cap stock picks
▼ + stars: | 2023-01-05 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

With recession risks in focus for investors positioning for 2023, Citi strategist Scott Chronert refreshed his large-cap stock picks for the year ahead. According to a Tuesday note, the strategist projects the broader market index will hit 3,700 mid-year, while rising to 4,000 at year-end. For investors, that means any volatility in the first part of 2023 could be used to their advantage. Chronert added T-Mobile to the bank's large cap focus list, saying the telecommunications stock is a defensive pick. Meanwhile, HCA Healthcare is a defensive pick expected to benefit from "improving labor supply" this year, according to the note.

☆ Citi's Chronert says these three things will be a headwind for markets in 2023
▼ + stars: | 2022-12-29 | 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 EmailCiti's Chronert says these three things will be a headwind for markets in 2023Scott Chronert, Citi U.S. equity strategist, joins 'Closing Bell: Overtime' to discuss his strategy going into 2023 and what investors should look for in the first quarter of the new year.

☆ Next year will be a great year for stock selection, says Citi's Chronert
▼ + stars: | 2022-12-21 | 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 EmailNext year will be a great year for stock selection, says Citi's ChronertScott Chronert, Citi U.S. equity strategist, joins 'Closing Bell' to discuss the path for markets, why companies will continue to modify guidance lower and more.

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