Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Lori Calvasina"


22 mentions found


Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full discussion with RBC's Lori Calvasina and Barclays' Venu KrishnaLori Calvasina, RBC Capital Markets, and Venu Krishna, Barclays Investment Bank, join CNBC's 'Squawk on the Street' to discuss where they see the markets headed this year.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailS&P 500 will see flat 2023, forecasts RBC Capital Market's Lori CalvasinaRBC Capital Markets' Lori Calvasina on where markets are headed into the new year. With CNBC's Melissa Lee and the Fast Money traders, Chris Verrone, Karen Finerman, Steve Grasso and Julie Biel.
The outlook for next year is a bit better for stocks, but the first half sounds like it could be downright ugly. The strategist expects lows to be retested due to what could be a significant decline in earnings as interest rates rise. Jeff Kleintop, Charles Schwab's chief global investment strategist, expects a shallow recession may already have begun. He predicts the first half will be worse for stocks than the back half of the year, with a choppiness similar to the past six months. Calvasina expects small caps to be an area of outperformance, and she still sees value in energy and financials.
Markets could be volatile and in search of a catalyst in the week ahead, as investors consider year-end trades in the lull before the Federal Reserve's December 13-14 policy meeting. Stocks were higher in the past week, with the year's worst performing sectors, communications services and consumer discretionary companies, leading the gains. On the geopolitical front, Arone said investors will watch the Dec. 6 runoff election in Georgia's senate race . Week ahead calendar Monday Earnings: Sumo Logic , Gitlab 9:45 a.m. Services PMI 10:00 a.m. ISM services 10:00 a.m. Initial jobless claims 10:00 a.m. Quarterly services survey Friday 8:30 a.m. PPI 10:00 a.m. Consumer sentiment 10:00 a.m. Wholesale trade
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should start thinking about recovery trades, says RBC Capital's Lori CalvasinaLori Calvasina, RBC Capital Markets, joins 'Closing Bell' to discuss investment plays in the current market environment.
Election nights and morning-afters are becoming wild times in the stock market as traders track the results race by race or county by county and assess the implications. That could continue Wednesday as it was too early to determine whether Democrats or Republicans will end up with control of the House of Representatives or the Senate. Also positive for stocks is the potential for divided government, with Democrats in control of the White House and Republicans holding at least one house of Congress. Republicans could still control Congress, but on Tuesday that wave was well short of what they, and many pundits, had expected. Dozens of races haven't been called, and it's possible that the Georgia Senate race will go to a runoff election.
New York CNN Business —US stocks were mostly unchanged in after-hours trading as results from Tuesday’s midterm elections rolled in. If Republicans take at least one chamber of Congress, that will likely result in more gridlock, which the market usually loves. Investors are more than happy when politicians bicker but don’t actually enact any new laws that may hurt corporate profits. S&P 500 futures were down 0.1%, and the Nasdaq Composite was down 0.01%. Early results on election night can be very different from the final outcome once all the votes are tallied.
Even if the election results match expectations, stocks may still rally as some unknowns are removed. Broad sector ETFs from firms like iShares, State Street and Vanguard are one way to play these sectors, offering cheap broad exposure. For example, the Industrial Select Sector SPDR ETF (XLI) and Vanguard Communications Services ETF (VOX) both have an expense ratio of 0.10%. Under-the-radar elections Federal elections are not the only contests on Tuesday that could move stocks. The biggest marijuana ETFs — AdvisorShares Pure US Cannabis ETF (MSOS) and ETFMG Alternative Harvest ETF (MJ) — are each down more than 50% for the year.
The stocks also have to have a potential upside of at least 20%, based on the average analyst price target, according to FactSet. Shares are up more than 36% year to date and have another 30% upside to the average analyst price target, according to FactSet. Google-parent Alphabet is down about 38% year to date but has nearly 45% upside to the average analyst price target. Match has lost more than 65% so far this year but has 50% upside to the average analyst price target, according to FactSet. The stock is down about 28% year to date, but has 27% upside to the average analyst price target.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailS&P to see a big rally post-midterm if Republicans take Congress, says RBC's CalvasinaRBC's Lori Calvasina offers her market midterm survival guide. With CNBC's Melissa Lee and the Fast Money traders, Bonawyn Eison, Karen Finerman, Dan Nathan and Guy Adami.
If the midterm elections go as Wall Street expects, stocks should rally into year-end, according to RBC. The average S & P 500 returns are higher in the years when a Democrat is president and the GOP controls Congress, her analysis showed. This year is most similar to 2002 — so far the S & P has had a 76% correlation with 2002, the strongest in any midterm election year in recent decades. Back then, the S & P rallied back 20% from its October lows, she said. Additionally, biotech in the health-care space and specialty/consumer finance and regional banks within financials should outperform, according to RBC.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 7, 2022. Stock futures were flat Monday evening following a winning day for markets as investors looked ahead to U.S. midterm elections on Tuesday. S&P 500 futures and Nasdaq 100 futures gained 0.03% and 0.10%, respectively. Shares of Lyft fell 13% while Take-Two Interactive and Tripadvisor slumped more than 15% each after reporting disappointing quarterly results. On Tuesday, Lordstown Motors , Lucid Group, Walt Disney and AMC Entertainment all report their latest quarterly results.
It is the value player's dream: A revaluation of growth stocks. As a result, money in October has been moving into financials, materials, industrials, energy and even small caps. Investors have noticed this deceleration in earnings for growth sectors and have been buying classic "value" sectors like energy, industrials and health care this month. Third-quarter arnings growth for tech names is down a modest 1.2% and is only projected down 3.3% for the fourth quarter. Krinsky wasn't alone in his caution about earnings estimates.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with RBC Capital Markets' Lori CalvasinaRBC Capital Markets head of US equity strategy Lori Calvasina joins 'Squawk on the Street' to discuss the reasons behind her Meta target cuts, the influence of midterm elections on markets and investing tips for the tech landscape.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUntil we've de-risked 2023 expectations, expect further volatility, says RBC Capital Markets' CalvasinaRBC Capital Markets Head of US Equity Strategy Lori Calvasina joins 'Squawk on the Street' to discuss the reasons behind her Meta target cut, the influence of midterm elections on markets and investing tips for the tech landscape.
Some leading strategists and experts are very positive on smaller companies right now. Heading into a recession, smaller companies usually look expensive compared to their bigger peers. Steven DeSanctis, a SMID-cap strategist for Jefferies, is another expert who is positive on smaller companies right now. But he notes that even though small caps have delivered better returns than large caps since June 30, investors are still pulling money out of small cap-themed ETFs. In fact, Fisher wrote that when small caps do this poorly, it can lead to powerful recoveries.
Analysts at Barclays raised their forecasts on Fed rate hikes in December and February to 75 and 50 basis points, respectively. Any relief rally that takes hold in the stock market could send the S&P 500 to its first big resistance test around 3,914, Stockton added. High inflation reports could become the norm after more than a decade of sub-2% inflation readings, according to Bank of America. That's because underinvestment in energy production, sticky wage inflation, and aging demographics are set to drive structural inflation for years to come. There's reason to believe the stock market is close to its low point, according to RBC.
There's reason to believe the stock market is close to its low point, according to RBC. She points out that when investors get this cautious — with bearish investors outnumbering bullish ones by at least 10% — 12-month forward returns hit 15.5% on average. But stock market downturns and economic downturns don't always happen at the same time. She notes that on average, the S&P 500 has returned 13.6% in years when US GDP is negative. Calvasina writes that on average, the S&P 500 rallies 7% off its lows in a midterm year like this one.
RBC Capital Markets' Lori Calvasina is cutting her forecast for markets at the start of what many investors expect will be a rough third-quarter earnings season. The head of U.S. equity strategy said she trimmed her 2022 S & P 500 earnings per share forecast to $216, down from $218. Her 2023 EPS outlook fell to $208 from $212, as she cited weak GDP through next year. Calvasina's year-end 2022 S & P 500 forecast dropped to 3,800, down from 4,200. Meanwhile, the strategist said that a new period of small cap leadership could be ahead for investors should they outperform large caps in the third quarter reporting period, as they did when second quarter earnings were reported.
Global central banks are jacking up interest rates with no end in sight until high inflation is vanquished. The Federal Reserve is aggressively fighting inflation by lifting its benchmark interest rate five times so far this year. There isn’t.”Higher interest rates make life more expensive for anyone who borrows money. The higher rates ding home affordability but also might be holding back home sales. Higher interest rates make financing a car — when you can find one — even more expensive.
Rich Fury/GettyDear Readers,A strange dynamic is afoot in the stock market. The institutional heavyweights on Wall Street are being beaten at their own game by upstart day-traders and retail investors — and it's not been particularly close. Peter Cecchini, the former global chief market strategist at Cantor Fitzgerald, also recently weighed in on the retail-investor phenomenon. Put simply, Main Street is putting Wall Street to shame since late March. — Peter Cecchini, former global chief market strategist at Cantor Fitzgerald, commenting on Barstool Sports founder Dave Portnoy's irreverent day-trading exploits
The last time we spoke, market observers were scratching their heads over the stock market's seemingly unstoppable march higher. Turns out maybe the stock market was right all along. Exclusive interview with the head of iSharesBlackRockETFs helped investors navigate the recent period of volatility, particularly in parts of fixed income where liquidity dried up. This development signals that a new breed of stocks is taking over as the market leaders for the next period of economic expansion. Strategists at the firm highlighted two pairs trades that have been performing well since the stock market hit rock bottom in March.
Total: 22