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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with John Hancock Investment Management's Emily RolandEmily Roland, co-chief investment strategist at John Hancock Investment Management, joins 'Squawk Box' to offer her take on earnings season so far, CEO recession expectations, and consumer dynamics in an elevated inflationary environment.
Monday's major rally on Wall Street was just the latest in an unusually volatile year. Shares of Tesla jumped 7%, with the electric vehicle maker's report late on Wednesday set to be one of this week's main attractions. Wall Street's most heavily traded stock, Tesla has tumbled over 17% since Oct. 2, when it disclosed third-quarter vehicle deliveries that missed estimates as logistical challenges overshadowed its record deliveries. Analysts worried about a deteriorating global economy have slashed their quarterly earnings outlooks. Netflix reports on Tuesday, with analysts expecting revenue to grow just 5% year/year, its lowest quarterly increase ever, according to Refinitiv.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 7, 2022. Register now for FREE unlimited access to Reuters.com RegisterFellow financial Bank of NY Mellon Corp (BK.N) also benefited from higher interest rates, and its shares climbed 5.08%. The S&P 500 banks index (.SPXBK) was up 3.48%, while each of the 11 major S&P 500 sector were higher. Tesla Inc (TSLA.O), Netflix (NFLX.O) and Johnson & Johnson (JNJ.N) are among companies expected to report results later in the week. The S&P 500 posted no new 52-week highs and 2 new lows; the Nasdaq Composite recorded 83 new highs and 146 new lows.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should look at defensive companies with high cash flow, says John Hancock’s Emily RolandCantor Fitzgerald's Eric Johnston, Payne Capital's Courtney Garcia and John Hancock’s Emily Roland, join 'Closing Bell: Overtime' to discuss the market rally, inflation and the Fed.
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