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☆ Three-Stock Lunch: Alphabet, Domino's Pizza and Hershey
▼ + stars: | 2024-09-16 | 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 EmailThree-Stock Lunch: Alphabet, Domino's Pizza and HersheyMAI Capital Management's Christopher Grisanti joins 'Power Lunch' to discuss stock plays for three stocks.

Persons: Christopher Grisanti Organizations: Hershey MAI Capital

☆ Stronger economic data means Fed shouldn't cut rates, says MAI Capital's Chris Grisanti
▼ + stars: | 2024-02-20 | 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 EmailStronger economic data means Fed shouldn't cut rates, says MAI Capital's Chris GrisantiChristopher Grisanti, MAI Capital Management chief equity strategist, joins 'The Exchange' to discuss the timeline of Fed actions, whether the demise of EVs are exaggerated, and more.

Persons: Chris Grisanti Christopher Grisanti Organizations: MAI Capital Management

Nonpartisan forecasters and opinion polls suggested a strong chance of Republicans winning a House majority and a tight race for Senate control. Shares in healthcare, energy and defense sectors could see more volatility in the wake of the election. "A Republican victory is seen as removing either current regulations, like in the energy sector, or potential future regulations like in the pharmaceutical sector." The S&P 500 (.SPX) is up nearly 9% from its recent October lows, but has still posted steep losses this year on worries that aggressive monetary policy tightening would tip the U.S. economy into a recession. Among S&P 500 sectors, energy (.SPNY) and consumer discretionary (.SPLRCD) fell the most, down 1% and 0.5%, respectively.

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. Five of the 11 S&P 500 sectors were lower. Tech heavyweights Apple Inc (AAPL.O) and Tesla Inc (TSLA.O) rose more than 1% each to provide the biggest boost to S&P 500 and the Nasdaq. read moreThe CBOE volatility index (.VIX), also known as Wall Street's fear gauge, rose to 26.67 points. Declining issues outnumbered advancers for a 1.31-to-1 ratio on the NYSE and for a 1.92-to-1 ratio on the Nasdaq.

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. Unexpectedly hot August inflation data last week also raised bets on increased rate hikes down the road, with the terminal rate for U.S. fed funds now at 4.47%. The Fed regards a recession as regrettable, but necessary to fight inflation," Grisanti said. The CBOE volatility index (.VIX), also known as Wall Street's fear gauge, rose to 27.72 points, inching closer to a more than two-month high. Focus will also be on new economic projections, due to be published alongside the policy statement at 2 p.m.

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. Five of the 11 S&P 500 sectors were down in early trading. Unexpectedly hot August inflation data last week also raised bets on increased rate hikes down the road, with the terminal rate for U.S. fed funds now at 4.48%. The S&P 500 has lost 19% so far this year on worries of a central bank-induced recession amid recent warnings of slowing demand from delivery firm FedEx and an inverted U.S. Treasury yield curve. The CBOE volatility index (.VIX), also known as Wall Street's fear gauge, rose to 27 points, inching closer to a more than two-month high.

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