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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: Top investor Karen Firestone says these stocks are finding a way out of the doghouse2023 started off with a bang for the markets as investors piled into stocks that took a beating last year. Now earnings are coming into focus, and some are wondering if they bought too much too fast. Aureus Asset Management CEO Karen Firestone has been sharing her investment thesis on CNBC's "Halftime," and now she shares her favorite stocks for the near and long-term with CNBC Pro, and offers advice on finding sell discipline and gauging risk.
One of the more senior brokers told me that the most important lesson I could learn about the stock market was – drumroll, please – "Buy low. By the second week in March, the S & P 500 had dropped 12% and the Nasdaq Composite had fallen about 20%. In mid-June, the S & P had sunk 23.4% from its Jan. 3 peak of 4,796, and the Nasdaq had collapsed more than 30%. On Oct. 12, the S & P closed at 3,577, down 25.4% from its peak. Since the market low in October, about half of the cohort has climbed 20%.
Data released Friday showed consumer spending, adjusted for inflation, declined 0.2% in December from the prior month. That means consumer spending slowed at the end of 2022, stoking fears of a recession ahead. AXP 3M mountain American Express shares have gained nearly 18% so far this year. Management said on its earnings call Thursday that both international travel and resilient consumer spending helped Visa in the quarter. V 3M mountain Visa shares have gained more than 11% since the start of this year.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is rallying because it was oversold, says Karen FirestoneKari Firestone, Bryn Talkington and Jim Lebenthal join the 'Halftime Report' to discuss the Fed ahead of its February meeting and the latest market rallies.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSalesforce, Blackstone & more: CNBC's 'Halftime Report' traders answer your questionsCNBC's Halftime traders Jim Lebenthal of Cerity Partners, Karen Firestone of Aureus Wealth Management and Jason Snipe of Odyssey Capital Advisors answer investment-related questions from CNBC Pro subscribers. Look out for an email where you can submit your questions directly to the Halftime team.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full mid-day market discussion with the 'Halftime Report' investment committeeA mid-day market discussion following a 0.1 percent decline in the CPI. With CNBC's Scott Wapner and the 'Halftime Report' investment committee, Odyssey Capital Advisor's Jason Snipe, Aureus Asset Management's Karen Firestone, DCLA's Sarat Sethi and Cerity's Jim Lebenthal.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaybe we're in an environment that's, 'Don't fight the bond market,' says Ed YardeniEd Yardeni of Yardeni Research on where he sees the markets heading in 2023. With CNBC's Scott Wapner and the 'Halftime Report' investment committee, Odyssey Capital Advisor's Jason Snipe, Aureus Asset Management's Karen Firestone, DCLA's Sarat Sethi and Cerity's Jim Lebenthal.
On Thursday's "Ask Halftime," traders answered questions from CNBC Pro subscribers about stocks and ETFs during this market volatility, including whether to buy, sell or hold specific names. Jim Lebenthal of Cerity Partners shares why he thinks Salesforce is a "hypergrowth" stock along witha name to build slowly into a portfolio. Karen Firestone of Aureus Wealth Management, meanwhile, said Blackstone is an attractive stock with a high-paying dividend. Finally, Jason Snipe of Odyssey Capital Advisors said he likes the Materials Select Sector SPDR Fund as a way to play the materials sector, and thinks the space has room to run.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTruth is there have been buyers over the last few weeks, says Aureus's Karen FirestoneA mid-day market discussion following a 0.1 percent decline in the CPI. With CNBC's Scott Wapner and the 'Halftime Report' investment committee, Odyssey Capital Advisor's Jason Snipe, Aureus Asset Management's Karen Firestone, DCLA's Sarat Sethi and Cerity's Jim Lebenthal.
Watch 'Halftime Report's full conversation with Ed Yardeni
  + stars: | 2023-01-12 | 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 'Halftime Report's full conversation with Ed YardeniEd Yardeni of Yardeni Research on where he sees the markets heading in 2023. With CNBC's Scott Wapner and the 'Halftime Report' investment committee, Odyssey Capital Advisor's Jason Snipe, Aureus Asset Management's Karen Firestone, DCLA's Sarat Sethi and Cerity's Jim Lebenthal.
As investors position their portfolios for the year ahead, one sector is a standout pick for the investment panel on CNBC's "Halftime Report" : financials. "In every recession, there's one sector, whose balance sheet is most negatively affected by the recession. Gilman Hill Asset Management CEO Jenny Harrington named financial stocks as her top 2023 sector pick, saying the sector is undervalued after reviewing its price/earnings to growth ratio, or PEG ratio. The financials sector in the S & P 500 was down by 12% in 2022, still outperforming the broader market index despite the drop. Here is the full 2023 stock picks from the group: Karen Firestone: Charles Schwab, Align Technology, American Tower; Sector Pick: Financials Jenny Harrington: Kohl's, Uber, B & G Foods; Sector Pick: Financials Jim Lebenthal: Boeing, Cleveland-Cliffs, Paramount Global; Sector Pick: Industrials
Seriously, this is not where I thought we would be: The 3,800 level on the S & P 500 at the end of December 2022. If you listen to pundits, almost all are in dour agreement about a poor 2023 market . The table below shows all the years since 1960 when the S & P 500 fell at least 10%. In six of the 10 years following a 10% decline, the average increase in the S & P 500 was 17.5%. The S & P 500 index is down 20% for the year, the equal-weighted S & P 500 is off by about 13%, multiples have compressed, and sentiment is highly negative – that's bullish.
The Salesforce departures are worrisome, says CNBC's Jim Cramer
  + stars: | 2022-12-07 | 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 EmailThe Salesforce departures are worrisome, says CNBC's Jim CramerMad Money host Jim Cramer joins the 'Halftime Report' investment committee, Karen Firestone, Jason Snipe and Joe Terranova to discuss Salesforce hitting a new 52-week low today.
Grade My Trade: Wells Fargo and the financials
  + stars: | 2022-12-07 | 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 EmailGrade My Trade: Wells Fargo and the financials'Mad Money' host Jim Cramer and the 'Halftime Report' investment committee, Joe Terranova, Karen Firestone and Jason Snipe, weigh in on the Wells Fargo trade and whether now is the time to buy financials.
I see so many individual stocks I want to buy, says Jim Cramer
  + stars: | 2022-12-07 | 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 EmailI see so many individual stocks I want to buy, says Jim CramerCan the market still expect a Santa Claus rally? With CNBC's Scott Wapner and the 'Halftime Report' investment committee, Karen Firestone, Jason Snipe, Joe Terranova and Mad Money's Jim Cramer.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch the full market discussion with the CNBC 'Halftime Report' investment committeeIs a Santa Claus rally even possible given the current market conditions. With CNBC's Scott Wapner and the 'Halftime Report' investment committee, Karen Firestone, Jason Snipe, Joe Terranova and 'Mad Money' host Jim Cramer.
Ascentxmedia | E+ | Getty ImagesThe CEOs of some of the biggest American companies believe the economy may be heading for a recession. Yet financial advisors warn against too much certainty, or pessimism, over what's next. That's because investors try to get ahead of what's coming and price those expectations into stocks, Firestone said. "The market always anticipates slowdowns and recoveries," she said, adding that people inevitably resume their buying when they believe stocks are sufficiently discounted. "And so yes," she said, "I think it's possible that the market can rally."
While the S & P 500 rose 11% during two weeks in March and 18% from mid-June to mid-August, investors bailed out and tripped the prior lows for the year. It wasn't obvious that Americans still had huge amounts of buying power that would continue to drive price levels higher. One definition might be when there is a fundamental shift in some critical measurements of the most negative weights pressuring stock prices. The S & P soared 5.5% that day, and the Nasdaq vaulted over 7%. This rally is different, even if it moves sideways or falters for a while because its genesis is based on real facts and figures.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors are ready to buy, but we need more layoffs and inflation to fall, says Aureus' Karen FirestoneCNBC’s ‘Halftime Report’ investment committee, Karen Firestone, Josh Brown, Joe Terranova and Jim Lebenthal discuss November stock gains and their market outlook.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAureus’ Karen Firestone explains why Meta is a 'buy' for some peopleKaren Firestone, chairman and CEO of Aureus Asset Management joins the 'Halftime Report' to explain why Meta is a 'buy' for some people. Similarly, Victoria Greene, Steve Weiss, and Joe Terranova also weigh in on the state of mega-cap tech.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s ‘Halftime Report’ investment committee discuss how investors should position themselvesKaren Firestone, Victoria Greene, Steve Weiss and Joe Terranova join the ‘Halftime Report’ to discuss mega caps, the impact of the midterm election on the market and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe way the mega caps trade will determine where the market goes, says Joe TerranovaKaren Firestone, Victoria Greene, Steve Weiss and Joe Terranova join the ‘Halftime Report’ to discuss mega caps, the impact of the midterm election on the market and more.
Nearly three-quarters of Buffett's portfolio is in five stocks
  + stars: | 2022-11-07 | 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 EmailNearly three-quarters of Buffett's portfolio is in five stocksCNBC’s ‘Halftime Report’ investment committee, Karen Firestone, Victoria Greene, Steve Weiss and Joe Terranova discuss Warren Buffett's portfolio, which is dominated by five stocks: Apple, Bank of America, Coca-Cola, Chevron and American Express.
On Thursday's "Ask Halftime," our traders answered questions from CNBC Pro subscribers about stocks and ETFs during this market volatility, including whether to buy, sell or hold specific names. Aureus Asset Management's Karen Firestone explained why she would hold Salesforce shares, outlining steps the company can take to achieve double-digit growth over the next few years. Jim Lebenthal of Cerity Partners said he likes Kinder Morgan as a way to play the energy space. He noted that the stock has been a steady one for the market's top performing sector this year. Finally, Josh Brown of Ritholtz Wealth Management shares his thoughts on Matterport , noting he bought the stock at much higher levels, but does not recommend buying it in the current market environment.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSalesforce, Kinder Morgan, and more: CNBC's 'Halftime Report' traders answer your questionsCNBC's Halftime traders Karen Firestone of Aureus Asset Management, Jim Lebenthal of Cerity Partners, and Josh Brown of Ritholtz Wealth Management answer investment-related questions from CNBC Pro subscribers. Look out for an email where you can submit your questions directly to the Halftime team.
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