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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHatfield: We're playing a short-term stall in the market through November. Jay Hatfield sees a short-term market stall through November but expects growth next year, with a 7,500 S&P target if corporate tax cuts happen. He is bullish on investment banks, especially Goldman Sachs, with a 750 target, and AI-related IPOs.
Persons: We're, Jay Hatfield, Goldman Sachs Locations: Hatfield
The S & P 500 could rally nearly 23% into 2025 if the Republicans sweep the election, according to Jay Hatfield, founder & CIO of InfraCap. Specifically, Hatfield said he sees the broad market index climbing to 7,000 next year. The odds of that scenario grew overnight, as former President Donald Trump took the lead in the U.S. presidential race over Vice President Kamala Harris. Despite the current electoral backdrop, Hatfield cautioned he's not as confident as the market is about Trump regaining the presidency. "It seems like the odds might be a little bit ahead of the data so far," he told CNBC.
Persons: Jay Hatfield, Hatfield, Donald Trump, Kamala Harris, Trump, Harris, it's, he's Organizations: Republicans, InfraCap, Republican, U.S, NBC, GOP, NBC News, Trump, CNBC Locations: North Carolina, Virginia
But the true implications for investors monitoring the election may lie in which party controls Congress, rather than who will sit in the White House. .SPX YTD mountain S & P 500 The importance of whichever party controls Congress was highlighted by Trump's recent trips outside battleground states such as New Mexico , a state that hasn't voted for a GOP presidential nominee in roughly 20 years. On the other hand, Evercore ISI's Emanuel expects a Harris victory, with a Democratic sweep of Congress, could result in the S & P 500 falling to roughly 5,700. The S & P 500 slid 1%, while the Nasdaq dipped 0.5%. Earnings season continues with about 100 S & P 500 companies confirmed to report.
Persons: Donald Trump, Kamala Harris, Trump, Nanette Abuhoff Jacobson, I'm, Abuhoff Jacobson, hasn't, Brian Burrell, Jay Hatfield, Harris, Hatfield, Evercore ISI's Julian Emanuel, Evercore ISI's Emanuel, Jerome Powell's, Ralph Lauren, Warner, Alex Harring Organizations: NBC, Congress, House, Democratic, Republican, Hartford Investments, GOP, Thornburg Investment Management, Infrastructure Capital Advisors, Senate, Wednesday, Regional Banking, Treasury, Federal Reserve, Dow Jones, Nasdaq, National, Marriott International, Diamondback Energy, Wynn Resorts, Palantir Technologies, NXP Semiconductors, PMI, PMI Services, Services PMI, Petroleum, Brands, Technology, Computer, CVS, Howmet Aerospace, Gilead Sciences, Labor, Consumer, Moderna, Molson Coors Beverage, Halliburton, Hershey Co, Warner Bros, Expedia, Akamai Technologies, Paramount Locations: New Mexico, Albuquerque, Santa Fe , New Mexico, Hartford, Albemarle, Qualcomm, Michigan
Nasdaq 100 futures advanced Thursday night as traders analyzed major earnings reports in the runup to the all-important jobs report. Dow Jones Industrial Average futures rose 15 points, or 0.1%, while S&P 500 futures also gained 0.1%. Those moves come after a downbeat session on Thursday, which saw the S&P 500 and Nasdaq Composite dragged down by post-earnings slumps in Microsoft and Meta Platforms . The Dow led the major indexes down with a slide of 1.3%, while the S&P 500 and Nasdaq shed 1% and 0.5%, respectively. On the earnings front, traders will monitor Friday reports from Chevron and Exxon Mobil .
Persons: Dow, Jay Hatfield, Dow Jones, nonfarm Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Amazon, Intel, Microsoft, Meta, Infrastructure Capital Management, Chevron, Exxon Mobil
3-Stock Lunch: UnitedHealth, Johnson & Johnson & Wolfspeed
  + stars: | 2024-10-15 | 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 Email3-Stock Lunch: UnitedHealth, Johnson & Johnson & WolfspeedJay Hatfield, Infra-Cap CEO, joins 'Power Lunch' to discuss stock plays for three stocks.
Persons: Johnson, Jay Hatfield
One financial firm is trying to capitalize on preferred stocks – which carry more risks than bonds, but aren't as risky as common stocks. Infrastructure Capital Advisors Founder and CEO Jay Hatfield manages the Virtus InfraCap U.S. Preferred Stock ETF (PFFA) . Since its May 2018 inception, the Virtus InfraCap U.S. Preferred Stock ETF is down almost 9%.
Persons: Jay Hatfield, we're, CNBC's, Hatfield Organizations: Infrastructure Capital, Virtus InfraCap U.S, Preferred Stock ETF, SLM Corporation, Preferred
A Kentucky couple spent six days looking for a body believed to be the highway shooting suspect that authorities have been hunting for over a week — and eventually found it by following circling vultures, they said Thursday. So capturing Couch wasn't as far fetched as it might seem, the couple said. "None of us are getting out of this world alive," Fred McCoy told NBC News. "The smell was terrible, it was horrible," said Sheila McCoy, 59. "When you got that many vultures, you've either got a livestock, a horse, a cow or you've got a human," said Fred McCoy, 67.
Persons: Fred, Sheila McCoy, Joseph A ., Couch, Fred McCoy, he's, Fred McCoy —, Hatfield, McCoy, West Virginia —, I've, you've Organizations: Authorities, NBC, West Virginia, YouTube, telltale Locations: Kentucky, Laurel County, London , Kentucky, Eastern Kentucky, West
AdvertisementHatfield ranked his top five favorite and least favorite states and national parks. They also have a cruise scheduled to American Samoa, home of the National Park of American Samoa, their last national park. Favorite and least favorite statesHatfield acknowledged his favorite states were also the ones with the most diverse national parks. Favorite and least favorite national parksHatfield said he enjoyed every national park, though some have more to offer than others. One of his earliest and most memorable national parks was Yosemite, which he visited 15 years ago.
Persons: , Tom Hatfield, Hatfield, Lake Charles, — Gates, Louisiana didn't, Bryce, El Capitan Organizations: Service, Business, Hatfield, Louisiana State University, Redwood, of, Salt Lake City . California, Alaska, El, Indiana Dunes Locations: Louisiana, New Orleans, Lake, North Dakota, New Hampshire, Canada, Bavarian, Dubai, Antarctica, Ireland, Basel, Amsterdam, Egypt, Alaska, California, Isle Royale, Michigan, Kobuk, Nevada, American Samoa, of American Samoa, . Utah, Salt, Salt Lake City ., Colorado, Montana, Yellowstone, Mississippi, Las Vegas, Nebraska, Indiana, Hatfield, Zion, Utah, Yosemite, North, Pacific Northwest, South Carolina, Springs, Arkansas, Guadalupe, Texas
The S&P 500 advanced 0.47% to finish at 5,344.16. This week marked the most volatile week of 2024 for the market. The Dow on Monday tumbled 1,000 points, while the S&P 500 lost 3% for its worst day since 2022. At the Monday lows, the S&P 500 was down nearly 10% from its recent all-time high. It is not just equity markets that have had a volatile week.
Persons: Stocks, Spencer Platt, Jay Hatfield, ” Hatfield Organizations: Nasdaq, Dow Jones, Dow, Federal Reserve, New York Stock Exchange, Wall, Treasury, Capital Locations: U.S, unwind, Hatfield,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHatfield: Recommend value and dividend-paying stocks to hedge against volatilityJayfield, Chief Investment Officer of InfraCap, discusses market rotation, the stock sell-off, and inflation.
Global markets rise after Biden exit
  + stars: | 2024-07-22 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +3 min
New York CNN —Global markets made solid gains after President Joe Biden dropped out of the 2024 presidential election Sunday and endorsed Vice President Kamala Harris as the Democratic nominee. European markets were higher, and Asian markets closed mostly lower. But “the fact that Biden endorsed Kamala Harris reduces uncertainty,” said Jay Hatfield, CEO at Infrastructure Capital Advisors. “Markets are increasingly focused on the US presidential election in November,” wrote Deutsche Bank’s Henry Allen in a research note on Monday. Stocks tumbled toward the end of last week as a turbulent election cycle and a global tech outage rocked technology stocks in particular.
Persons: Joe Biden, Kamala Harris, Donald Trump, unwind, Harris, Biden, , Jay Hatfield, Trump, ” Hatfield, Deutsche Bank’s Henry Allen, Lyndon Johnson, Stocks Organizations: New, New York CNN — Global, Democratic, Dow, Nasdaq, Trump, Infrastructure Capital Advisors, Deutsche Bank, , Deutsche Locations: New York
S&P 500 futures inched up Sunday night after the broad market index suffered its worst weekly losses since April last week as investors rotated out of megacap technology stocks for smaller names. Since Biden's disastrous debate performance in June, many analysts were seeing an increasing likelihood of a win by former President Donald Trump in November. There may be a small unwinding of the Trump trade on Monday as Vice President Harris is perceived to have a slightly better chance of winning," Hatfield said. Traders have been pricing in nearly a 93% likelihood of the Federal Reserve cutting interest rates during its September meeting. During the previous trading week, the S&P 500 and Nasdaq Composite fell nearly 2% and 3.7%, respectively, marking their biggest weekly losses since April.
Persons: Joe Biden, Kamala Harris, Donald Trump, Jay Hatfield, Biden, Trump, Harris, Hatfield, Russell Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Traders, Democratic, Infrastructure Capital Advisors, Federal Reserve, Dow, Verizon
Investors are flocking to small-cap stocks right now, driving this segment of the market to new highs this week. He also noted that the Russell 2000 is outperforming the S & P 500 by the widest margin since November 2021. But according to him, one group of small-cap stocks could do well if rates were to stay higher for longer: regional banks. However, Turnquist cautioned that small-cap growth stocks would find the outlook tougher than small-cap value stocks, as they are more sensitive to economic health. How to play small-caps Investors who have been making a play for small-caps include billionaire Stanley Druckenmiller , who revealed a big bullish position in small-cap stocks last quarter.
Persons: Russell, Adam Turnquist, Turnquist, we've, There's, Trump, Kelvin Wong, Donald Trump, Wong, Stanley Druckenmiller, FactSet, David Dietze, Dietze, Jay Hatfield, Kilroy, Jefferies, Hatfield, , Yun Li Organizations: CNBC, LPL, U.S . Federal, Federal Reserve, Citi, Wealth Management, CNBC Pro, Corp, Jefferies Locations: U.S, America
Americans will be splashing around this summer in the backyard pools they've already got, but not splashing out as much on new ones. Swimming pool installations were part of the home improvement frenzy that swept the country during the pandemic as Americans were stuck at home. Pool Corp., a national pool equipment distributor with a roughly $11 billion market valuation, said last week it expects new pool construction to fall by 15% to 20% this year. But businesses that rely on Americans' appetite for home upgrades are still adjusting to leaner times — including pool builders. In Arizona, Ast said, "the lines get blurred a little bit between luxury and need in the middle of the desert."
Persons: Skip Ast, wasn't, Scott Payne, Payne Organizations: Pool Corp, Shasta, Airlines, Analytics, Ast, Corp Locations: Phoenix, Hatfield , Pennsylvania, Shasta, Arizona
Traders work on the floor during morning trading at the New York Stock Exchange on Jan. 31, 2024. S&P 500 futures edged higher Tuesday night as investors parsed the latest financial releases from corporate America. Futures tied to the broad index advanced 0.1%, while Nasdaq 100 futures popped 0.4%. Tuesday marked a second straight winning day for the broad S&P 500 and tech-heavy Nasdaq Composite , which continued recovering from their recent losing streaks. The blue-chip Dow closed the session more than 260 points higher, or nearly 0.7%, while the S&P 500 and Nasdaq each gained more than 1%.
Persons: Tesla, Jay Hatfield Organizations: New York Stock Exchange, America, Futures, Nasdaq, Dow Jones Industrial, Visa, Texas Instruments, Dow, Infrastructure Capital Advisors, Wednesday, Boeing, Hasbro, Meta, Ford, IBM
In a “detailed, undeniable, unconflicted” deathbed confession to one of the investigators in the case earlier this month, Larry Webb admitted to fatally shooting Natasha “Alex” Carter, who was 10 at the time, and her mother, Susan Carter, nearly 24 years ago, Hatfield said. Webb told the investigator some of his cash in the home went missing, and Webb suspected Susan Carter had “spent a lot of money. “Almost lost hope several times.”Webb had been a suspect from the start of the investigation, authorities said. “The confession aligned with exactly the investigative efforts and the evidence collected” by authorities, Hatfield noted. Hours later, the bodies of Susan and Alex Carter were found, Hatfield said.
Persons: Benjamin Hatfield, unconflicted, Larry Webb, Natasha “ Alex ” Carter, Susan Carter, Hatfield, Webb, , ” Hatfield, Alex, Susan, ” Webb, Alex’s, Rick Lafferty, ” “ It’s, ” Lafferty, Carter, Alex Carter, Lafferty, Organizations: CNN, Authorities, Mount, Mount Olive Correctional, Montgomery General Hospital Locations: West Virginia, Raleigh County, Hatfield, Mount Olive, Montgomery
David Smith dropped his career as a delivery driver and factory worker to become a Henry VIII impersonator. He earns a living by giving talks and performances as Henry VIII at schools and heritage sites. I was eight years old when I saw a portrait of Henry VIII in all his regalia. Everything changed when I found a Henry VIII outfit on Facebook Marketplace for £20 ($25) in 2021. Out of all the events I've attended, that was the one that made me feel most like Henry VIII.
Persons: David Smith, Henry VIII, wouldn't, , Smith, I'd, King, Henry, Henry VIII's, Anne Boleyn, Marquess, I've, must've, Henry Smith, wasn't, I'm, It's Organizations: Service, Facebook, Hatfield House Locations: Penshurst, Hatfield, Hatfield House, Salisbury
Google workers have the right to peacefully protest about terms and conditions of our labor. Last month, Google Cloud engineer Eddie Hatfield interrupted a keynote speech from the managing director of Google's Israel business stating, "I refuse to build technology that powers genocide." That same week, an internal Google employee message board was shut down after staffers posted comments about the company's Israeli military contracts. The Israeli Ministry of Defense reportedly sought consulting services from Google to expand its access to Google Cloud services. "A small number of employee protesters entered and disrupted a few of our locations," a Google spokesperson told CNBC Wednesday evening.
Persons: Thomas Kurian's, Chris Rackow, Googlers, Cheyne Anderson, Anderson, Eddie Hatfield, Hatfield, Israel, Ariel Koren, It's, Hasan Ibraheem, Ibraheem Organizations: Google, CNBC, Google Cloud, Apartheid, Protesters, Hamas, enclave's Health Ministry, Israeli Ministry of Defense, The New York Times, Security, New Locations: New York, Sunnyvale , California, Sunnyvale, Seattle, Washington, Israel, Gaza, South Africa, York, New York City
Nine Google workers were arrested on trespassing charges Tuesday night after staging a sit-in at the company's offices in New York and Sunnyvale, California, including a protest in Google Cloud CEO Thomas Kurian's office. Anderson had flown to Sunnyvale for the protest in Kurian's office and was one of the workers arrested Tuesday. Last month, Google Cloud engineer Eddie Hatfield interrupted a keynote speech from the managing director of Google's Israel business stating, "I refuse to build technology that powers genocide." The Israeli Ministry of Defense reportedly sought consulting services from Google to expand its access to Google Cloud services. "A small number of employee protesters entered and disrupted a couple of our locations," a Google spokesperson told CNBC.
Persons: Thomas Kurian's, Cheyne Anderson, Anderson, Eddie Hatfield, Hatfield, Israel, Ariel Koren, It's, Hasan Ibraheem, Ibraheem, Googlers Organizations: Google Cloud, Apartheid, Google, CNBC, Hamas, enclave's Health Ministry, Israeli Ministry of Defense, The New York Times, Security, New, Sunnyvale Locations: New York, Sunnyvale , California, Sunnyvale, Seattle, Washington, Israel, Gaza, South Africa, York, New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHatfield: This is the year of global rate cuts, which should support stocksJay Hatfield, founder and CIO of Infracap, discusses why he raised his S&P 500 price target to among the highest on Wall Street, and why even that new target may be too low.
Persons: Jay Hatfield Organizations: Infracap
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 29, 2024. Futures linked to the Nasdaq 100 rose on Tuesday night, following a sharp sell-off for all three major averages. S&P 500 futures added 0.05%, and Dow Jones Industrial Average futures inched higher by 19 points, or 0.05%. Investors dumped large-cap tech names, fueling Tuesday's losses and notching the worst day since Jan. 2 for the tech sector. While the market will likely react to Powell's commentary, Hatfield thinks that his remarks should not come as a surprise to investors.
Persons: Nordstrom, Jay Hatfield, It's, Hatfield, it's Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Dow, Investors, Apple, Counterpoint Research, Microsoft, Infrastructure Capital Advisors, Financial Services Committee Locations: New York City, U.S, China
(AP) — A divided Missouri Supreme Court upheld voting districts drawn for the state Senate on Wednesday, rejecting a legal challenge that claimed mapmakers should have placed a greater emphasis on keeping communities intact. The high court's 5-2 decision means the districts, first used in the 2022 elections, will remain in place both for this year's elections and ensuing ones. While a Republican Senate committee supported the Senate map enacted in 2022 by a panel of appeals court judges, a GOP House committee sided with Democratic-aligned voters suing for the districts to be overturned. The third prioritizes “contiguous” and “compact” districts, and the fourth requires communities to be kept whole in districts if possible under the equal population guidelines. The Supreme Court said a trial judge correctly decided that the constitution makes “compact” districts a higher priority than keeping communities intact.
Persons: Judge Kelly Broniec, Mike Parson's, Judge W, Brent Powell, Judge Paul Wilson, ” Powell, Chuck Hatfield, ” Hatfield, I’m, Pro Tem Caleb Rowden, Organizations: JEFFERSON CITY, Republicans, Republican, GOP, Democratic, Republican Gov, Pro Locations: Mo, Missouri, Buchanan, Louis, Hazelwood,
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 6, 2024. U.S. stock futures hovered near the flatline on Sunday night following a record-setting week for the S&P 500 . On Friday, the S&P 500 rose 0.57% to close above the 5,000 level for the first time, while the tech-heavy Nasdaq Composite added 1.25%. The S&P 500 and Nasdaq Composite added 1.4% and 2.3%, respectively. Some 61 names in the S&P 500 are set to report earnings in the week ahead, including gig economy stocks Lyft , Instacart and DoorDash .
Persons: Kraft, Jay Hatfield, Hatfield Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow Jones, Dow, Kraft Heinz, Hasbro, Capital Advisors, Traders, CPI, PPI, CNBC Locations: New York City, U.S
(AP) — Missouri's high court entertained arguments Thursday on whether to force changes to the state's Senate districts in a case that has divided majority-party Republicans over how to apply new voter-approved redistricting criteria. The lawsuit brought by voters contends that Senate districts in suburban St. Louis and western Missouri's Buchanan County violate the state constitution by needlessly splitting cities or counties into multiple districts. The outcome of the case won't affect immediate control of the Senate, where Republicans hold a 24-10 majority over Democrats. Deputy Solicitor General Maria Lanahan told judges that various other Senate districts — though not challenged by plaintiffs — also split counties while not following political subdivision lines. "Compact, contiguous territory is the first and most powerful line of defense against political and racial gerrymanders,” Senate Republicans wrote in a brief filed by attorney Eddie Greim.
Persons: Chuck Hatfield, Hatfield, Maria Lanahan, , , Eddie Greim Organizations: JEFFERSON CITY, Republicans, Republican, GOP, Democratic, Senate, Democrats, Missouri House Republican, Locations: Mo, St, Louis, Missouri's Buchanan, Missouri, Buchanan, Hazelwood
Here's where to invest $250,000 for the next 5 years
  + stars: | 2023-12-04 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +4 min
CNBC Pro spoke to financial advisors and investment experts to find out how they would allocate $250,000 over the next five years. Preferred Stocks: Preferred stocks have attractive yields and are depressed after two years of weak stock and bond markets — and so are set to gain if the stock market recovers, Hatfield said. Preferred stocks have characteristics of both stocks and bonds — they trade on exchanges like stocks but they have a face value and pay dividends like bonds. They are also like bonds in that when the value of the preferred stock goes down, yields rise. $30,000 to investment grade bonds: This is a conservative investment that will benefit if long-term rates rally, he said.
Persons: Jay Hatfield, Hatfield, Microsoft —, Paul Gambles, James McManus, McManus, — CNBC's Michael Bloom Organizations: CNBC, Infrastructure Capital Advisors, U.S . Preferred, Nasdaq, Nvidia, Microsoft, U.S . Federal Reserve, Family, JPMorgan Locations: U.S, Hatfield, Asia, Pacific, Europe
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