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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Trivariate's Adam Parker, Requisite’s Bryn Talkington and Raymond James' Tavis McCourtTrivariate's Adam Parker, Requisite’s Bryn Talkington and Raymond James' Tavis McCourt, join 'Closing Bell' to discuss market sentiment and breadth and their expectations for the Fed and earnings.
Persons: Trivariate's Adam Parker, Requisite’s Bryn Talkington, Raymond James ' Tavis McCourt, Adam Parker Organizations: Fed
Raymond James is bracing for a "mild" recession in the new year that will likely result in only "modest positive gains" for equities in 2024. "Single Digit Returns A Decent Base Case," he added. In Raymond James' base case scenario, or what it believes is the most likely assumption, McCourt said that corporate profit expectations likely need to come down. Heading into the new year, Raymond James favors several stock sectors, among them medical devices, financial services and insurance issues. In its base case scenario, real estate, utilities and telecom offer the best risk-reward.
Persons: Raymond James, Tavis McCourt, McCourt, — CNBC's Michael Bloom Organizations: Nasdaq
As stocks look to cap a winning month and enter a seasonally weak period for investors, Raymond James highlighted one big risk to the market performance for the rest of the year, in a note to investors over the weekend. Wall Street is coming off of a winning week after the latest blast of earnings showed stronger-than-expected performance from the likes of Meta and Alphabet . "It's clear that core inflation is coming down fast with the Fed funds rate 2-3% above these figures," said Raymond James equity strategist Tavis McCourt. Commodity prices were mixed last week. Silver declined about 1.5% for its worst week since June 23, while copper gained 2.8%.
Persons: Raymond James, Tavis McCourt, Silver, Michael Bloom, Chris Hayes
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe economy is slowing on a year-to-year basis in nominal terms, says Raymond James' Tavis McCourtTavis McCourt, institutional equity strategist at Raymond James, joins 'The Exchange' to discuss the likelihood of a soft landing, shifting earnings expectations, and inflation working as a benefit to earnings.
Persons: Raymond James ' Tavis McCourt Tavis McCourt, Raymond James
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRaymond James' Tavis McCourt and Barclays' Venu Krishna break down the marketTavis McCourt, Raymond James institutional equity strategist, and Venu Krishna, head of US equity strategy with Barclays Investment Bank, join 'Squawk on the Street' to discuss their thoughts on inflation and the market.
Since March, Rosenberg has warned that by trying to crush inflation, the Fed would inadvertently kill the economy as well. "I think that the odds now are that it's going to be more severe than people think because the Fed has gone way overboard," Rosenberg said of a recession. The contrarian view: With inflation falling, a recession is no guaranteeHowever, not every strategist thinks that a recession is a sure thing. But what I think we can see is the Federal Reserve is overdoing it and eventually, the Fed will have to cut rates." Fittingly, Parker's bets are contingent on his view that the US economy won't suffer from a severe recession.
SHANGHAI, CHINA - Tourists pose for a photo at the Shanghai Disney Resort as the resort kicked off a month of festivities from January 13 to February 10 to celebrate the upcoming Chinese New Year. As the end of China's stringent Covid restrictions quickens the country's economic recovery, concerns about pent-up Chinese demand — and the inflation that may follow — could mean bad news for the U.S. Federal Reserve. "In our view ... a stronger China increases the chances of a stubbornly hawkish Fed," Tavis McCourt, institutional equity strategist at Raymond James, said in his 2023 Outlook. With activity expected to pick up from China, demand for a variety of commodities will drive , McCourt said. "Demand is going to come back really quickly."
The Federal Reserve's Wednesday rate hike was just the beginning of the world's fight against inflation. A smattering of other central banks have followed suit, while some others took a different course. For now, pain fueled by central banks is likely to continue. The Fed's 75 basis-point rate hike on Wednesday was the first of many such moves this week as the policymakers globally confront surging prices. Three investing experts explained how to adjust your portfolio to benefit from the Fed's rate hike and rising inflation.
A teetering global economy could cause earnings to decline, said Tavis McCourt of Raymond James. Here are 15 stocks that McCourt and Raymond James are bullish on right now. That multiple is above the S&P 500's long-term average but is warranted because of the shaky prospects for foreign stocks, McCourt said. Buy these 15 stocks and play defense as the economy evolvesIn addition to sharing his economic outlook, McCourt gave Insider a list of 15 of his favorite stock picks right now. The first two themes can help investors get defensive while the latter two speak to how the economy is shifting.
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