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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNeed upward earnings revisions to justify current valuations, says CFRA's Sam StovallSam Stovall, CFRA Research chief investment strategist, joins 'Squawk on the Street' to discuss the rerating of the current equity market, what's happening with valuations at current levels, and much more.
Persons: CFRA's Sam Stovall Sam Stovall Organizations: CFRA Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWould not surprise me if earnings results exceed estimates, says CFRA's Sam StovallSam Stovall, CFRA Research chief investment strategist, joins 'Squawk on the Street' to discuss Stovall's thoughts on the overall earnings season, what could change for markets post-election, and much more.
Persons: CFRA's Sam Stovall Sam Stovall Organizations: CFRA Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect smooth sailing in the markets for the next 3-6 months, says CFRA's Sam StovallSam Stovall, CFRA Research chief investment analyst, joins 'Squawk Box' to discuss the latest market trends, how long the bull market can run, state of the economy, and more.
Persons: CFRA's Sam Stovall Sam Stovall Organizations: CFRA Research
Bull markets tend to sputter in year three
  + stars: | 2024-10-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +2 min
.SPX mountain 2022-10-12 The S & P 500 has gained more than 60% during this bull market. However, prior bull markets have shown a tendency to lose a little steam in their third year. Bank of America research showed that 10 prior bull markets for the S & P 500 had an average return of -2% in months 25 to 36. Another thing to keep in mind is that even positive third years for bull markets tend to be bumpy. Of course, a slump for the S & P 500 could be an opportunity for small-cap stocks to catch up .
Persons: Ritesh Samadhiya, Sam Stovall, Russell Organizations: Bank of America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSeems like China's stimulus hype is fading, says CFRA's Sam StovallSam Stovall, CFRA Research chief investment strategist and Barbara Doran, BD8 Capital Partners CIO, join 'Closing Bell Overtime' to talk the day's market action.
Persons: CFRA's Sam Stovall Sam Stovall, Barbara Doran Organizations: CFRA Research, BD8 Capital
The S & P 500 was higher Tuesday, one day after the broad market index posted its worst day in nearly two years amid revived fears of a recession. The current pullback has all the hallmarks of a market correction, the strategist said. So, don't rush to try to catch a falling knife," Malek said. The S & P 500 on Tuesday traded about 7% below a record high reached last month. Besides, he said, it is hard to think of a market correction occurring in August, when a bottom is historically more likely to happen in the month of October.
Persons: Thomas Salopek, Salopek, Mark Malek, Siebert, Malek, CFRA's Sam Stovall, Stovall, Strategas, Chris Verrone, Verrone Organizations: Nasdaq, JPMorgan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRisk of recession would hurt the mid and smalls more than the large caps: CFRA's Sam StovallSam Stovall, CFRA Research chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, what to expect from earnings this week, the Fed's inflation fight, and more.
Persons: smalls, Sam Stovall Sam Stovall Organizations: CFRA Research
AdvertisementThe stock market is in for a correction, as a trio of unfavorable factors will weigh on equity prices, according to Sam Stovall, chief investment strategist of CFRA Research. Tech stocks, which have dominated the market in recent years, are trading at a 68% premium. Stocks could see their first "crack in the ice" in the tech sector, he added, pointing to lofty valuations among mega-cap tech stocks. AdvertisementOther forecasters have warned of limited upside to the market as stocks — particularly tech stocks — continue to climb higher. According to one valuation metric, the stock market looks to be the most overvalued since 1929, which could pave the way to a steep correction, elite investor John Hussman warned.
Persons: Sam Stovall, , Stovall, Stocks, John Hussman Organizations: Service, CFRA Research, Wall, Treasury, Tech, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCFRA's Sam Stovall: The projected S&P decline is due to the 10-year yield and inflation readingsSam Stovall, CFRA Research chief investment strategist, joins 'Squawk on the Street' to discuss what might be a catalyst for an S&P 500 decline, whether sideline cash will soon get put to work, and more.
Persons: Sam Stovall Organizations: CFRA Research
The S&P 500 is likely to fall at least 5% in the coming months, one strategist predicted. CFRA's Sam Stovall said a pullback tends to follow a great first quarter for the benchmark index. On the bright side, Stovall said the S&P's full-year gain is usually over 20% after a stellar start. AdvertisementBrace for stocks to take a breather and retreat by at least 5% after a breathless start to the year, one strategist warned. The S&P 500 surged by more than 10% in the first quarter.
Persons: CFRA's Sam Stovall, Stovall, , Brace, Sam Stovall, CFRA Organizations: Service, Nvidia, Microsoft, Yahoo Finance, Wall Street, CFRA Locations: Friday's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCFRA's Sam Stovall on why he's raising his S&P 500 12-month price target by 8%Sam Stovall, CFRA chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, why he's raising his S&P 500 12-month price target by 8%, state of the economy, and more.
Persons: Sam Stovall
CFRA's Sam Stovall has emerged as one of the biggest bulls on Wall Street, seeing more room for the S & P 500 to run to a double-digit gain this year. This updated target marks one of the highest on the Street, behind only the 5,500 target from John Stoltzfus at Oppenheimer. It is also 6% higher than the average projection of 5,105, according to the CNBC Pro Market Strategist Survey , which rounds up the targets from the top 14 Wall Street strategists. .SPX YTD mountain S & P 500 The S & P 500 is up more than 9% this year, driven by the continuous rally in many megacap tech names. Stovall sees the S & P 500 hitting 5,610 in the next 12 months, which would translate into a 7.6% gain from Thursday's close of 5,214.
Persons: CFRA's Sam Stovall, John Stoltzfus, Stovall, he's, Jerome Powell, — CNBC's Michael Bloom Organizations: CNBC Pro Market, Survey, Federal Locations: Oppenheimer
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets can rally without rate cuts this year, says CFRA's Sam StovallSam Stovall, CFRA Research chief investment strategist, joins 'Squawk on the Street' to discuss if equity markets can rally without rate cuts, what will drive the market's growth, and more.
Persons: CFRA's Sam Stovall Sam Stovall Organizations: CFRA Research
CFRA's Sam Stovall anticipates the stock market can go higher even without rate cuts, but has the playbook to navigate a possible correction if one develops. The chief investment strategist expects the S & P 500 still has further upside. But he sees a bumpy road ahead, anticipating a consolidation of about 8% to 10% after the market's recent gains. "As a result, I think there is, after we get through this much-anticipated correction that history says is overdue, I think we do end up being higher by year-end," Stovall said. After such a pullback, however, the best-performing assets were in communication services, financials and technology, Stovall said.
Persons: CFRA's Sam Stovall, Stovall, CNBC's Organizations: Federal Reserve, NextEra Energy, Procter, Gamble
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're going through a 'digestive phase' right now in tech, says CFRA's Sam StovallSam Stovall, CFRA Research chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, why he believes the S&P 500 is getting increasingly vulnerable to a meaningful sell-off, tech sector performance, the Fed's interest rate outlook, and more.
Persons: CFRA's Sam Stovall Sam Stovall Organizations: CFRA Research
It is time for investors to buckle up as a strong first quarter could be followed by a frightful year, according to CFRA's Sam Stovall. .SPX 1D mountain S & P 500 History shows investors should expect volatility can continue, according to Stovall. A strong first quarter typically suggests a good second quarter, the strategist found. After 13 of those 15 strongest first quarters, the S & P 500 registered "intrayear" declines of 5% or more. "So, in other words, this strong start implies a frightful yet fulfilling full-year performance for the S & P 500," he said.
Persons: Sam Stovall, Stocks, Stovall, CNBC's, Organizations: Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is due for some sort of digestion of gains, says CFRA's Sam StovallSam Stovall, CFRA Research chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, state of the economy, the Fed's interest rate outlook, and more.
Persons: CFRA's Sam Stovall Sam Stovall Organizations: CFRA Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe financial sector will benefit when the Fed starts cutting rates, CFRA's Sam StovallSam Stovall, CFRA Research chief investment strategist, joins 'Squawk on the Street' to discuss if a March rate cut is less than likely, how much tensions in the Middle East could raise inflation, and more.
Persons: Sam Stovall Sam Stovall Organizations: Fed, CFRA Research
Here's why CFRA's Sam Stovall is optimistic on small caps
  + stars: | 2023-11-22 | 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 EmailHere's why CFRA's Sam Stovall is optimistic on small capsSam Stovall, CFRA Research chief investment strategist, joins 'Squawk on the Street' to discuss why he believes small-caps will perform well going forward, what could hurt the earnings power of the small-cap companies, and more.
Persons: Sam Stovall Organizations: CFRA Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere may be earnings losses in energy, health care, and more, says CFRA's Sam StovallErik Nelson, Wells Fargo macro strategist, and Sam Stovall, CFRA chief investment strategist, join 'The Exchange' to discuss the Israel-Hamas conflict's market impact, the earnings outlook, and more.
Persons: CFRA's Sam Stovall Erik Nelson, Sam Stovall Organizations: Hamas Locations: Wells Fargo, Israel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're in 'less than the first year' of a new bull market, says CFRA's Sam StovallSam Stovall, CFRA Research chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, what to make of the current market correction, and more.
Persons: CFRA's Sam Stovall Sam Stovall Organizations: CFRA Research
August is shaping up to be a poor month for the Nasdaq Composite, but history suggests that it will only get worse before it gets better. The Nasdaq Composite is headed for its worst month since May, down more than 4%. The Dow Jones Industrial Average and the S & P 500 were down more than 2% and 3%, respectively. September is actually the only month out of the year that the Nasdaq Composite averages a negative return, as well as the lowest rate of advance. On Monday, however, the Nasdaq Composite appeared to consolidate somewhat from its August lows.
Persons: It's, Sam Stovall, Stovall, John Roque, NVDA, manna, sloppily, Roque, — CNBC's Michael Bloom, Gabriel Cortes Organizations: Nasdaq, Dow Jones Industrial, Nvidia, Research, Meta
A raft of economic data and big retail earnings reports next week will give traders insight into the strength of the consumer after a mixed batch of inflation data. "Next week is all about the consumer," said Shannon Saccocia, investment chief at NB Private Wealth. The Nasdaq Composite fell for a second straight week for the first time in 2023 after mixed inflation data this week, as well as Moody's downgrading several regional banks. July's consumer price index came in weaker than expected, but continued to show some underlying stickiness. Housing data expected to show strength Investors will also watch data on what has been a strong housing market.
Persons: Shannon Saccocia, Saccocia, , we've, John Porter, it's, Wealth's Saccocia, Kate Spade, Stuart Weitzman, Versace, Jimmy Choo, Michael Kors, That's, Sam Stovall, Stovall, CFRA's Stovall, Estee Organizations: Home Depot, Walmart, Federal Reserve, Nasdaq, Dow Jones, Newton Investment Management, FactSet, . Discount, TJX Companies, Ross, Homeowners, Price, Retail, Health, Home, Agilent Technologies, Housing, Manufacturing, TJX, Target, Cisco Systems, Philadelphia Fed, Applied, Deere, Co, Companies, Palo Alto Locations: U.S, NAHB, Housing States
New inflation data set for release in the week ahead could help Wall Street regain its footing. However, he does not expect that the inflation data releasing next week will be very threatening, even if they show a slight rise from the prior reading. A smattering of results will roll out in the week ahead including from major firms like the Walt Disney Company, which reports Wednesday. Other economic data Investors will digest other major economic data in the week ahead. Hourly earnings (July) Earnings: RL Friday, Aug. 11 8:30 a.m. PPI (July) 10 a.m. Michigan Sentiment preliminary (August)
Persons: it's, Jack Ablin, Ablin, McCormick, Archer, CFRA'S Sam Stovall, FactSet, Stovall, Greg Bassuk, Bassuk, Tyson, Eli Lilly, Fox Organizations: Federal, PPI, Cresset, Nasdaq, Dow Jones, Fed, Daniels, Midland, Chevron, Investments, Walt Disney Company, Wynn Resorts, Dow, Consumer Credit, Tyson Foods, Paramount, Parcel Service, CPI Locations: U.S, Michigan
Stocks could continue to gain momentum in the week ahead as traders turn their attention to earnings results after the past week's softer inflation news. The major benchmarks are headed for a positive week Friday after encouraging consumer and wholesale inflation in June cemented the likelihood that the Federal Reserve is closer to the end of its rate-hiking campaign. Some market participants expect this period could mark the trough for earnings, and urge traders to pay more attention to forward guidance. "And that's a great sign for the market and market health." ET: NAHB housing market index (July) Earnings: Bank of America , Morgan Stanley , Bank of N.Y. Mellon , Lockheed Martin , PNC Financial , J.B. Hunt Wednesday 8:30 a.m.
Persons: Sage, Rob Williams, Sam Stovall, gee, Stovall, It's, Yung, Yu Ma, MRB, Sage Advisory's Williams, Williams, Morgan Stanley, Wells, Baird's Ross Mayfield, Lockheed Martin, Baker Hughes, Goldman Sachs, Kinder Morgan, Equifax, Johnson Organizations: Federal Reserve, Traders, Reserve, Open, BMO Wealth Management's, MRB Partners, Bank of America, JPMorgan Chase, Investors, Bank, N.Y, Mellon, Lockheed, PNC Financial, J.B, Hunt, Housing, Nasdaq, Citizens Financial, Halliburton, Las Vegas Sands, IBM, Tesla, Netflix, American Airlines, United Airlines, CSX, Comerica, PPG, Roper Technologies, American Locations: Wells Fargo, Silicon Valley, Las Vegas, Horton
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