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☆ China remains an overhang for Apple, NB Private Wealth says
▼ + stars: | 2023-11-02 | 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 EmailChina remains an overhang for Apple, NB Private Wealth saysShannon Saccocia, chief investment officer of NB Private Wealth, says the market might be "overemphasizing" Apple.

Persons: Shannon Saccocia Organizations: China, Apple

☆ Watch CNBC’s full interview with JPMorgan's AJ Oden and NB Private’s Shannon Saccocia
▼ + stars: | 2023-10-23 | 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 EmailWatch CNBC’s full interview with JPMorgan's AJ Oden and NB Private’s Shannon SaccociaAJ Oden, JPMorgan Global Wealth Management global investment strategist, and Shannon Saccocia, CIO of NB Private Wealth, join 'Closing Bell' to discuss opportunity plays in the market as bond yields retreat, mega caps set to report earnings, and more.

Persons: JPMorgan's AJ Oden, Shannon Saccocia AJ Oden, Shannon Saccocia Organizations: JPMorgan Global Wealth Management, Wealth

☆ The market is poised to go higher before year-end, says NB Private Wealth's Shannon Saccocia
▼ + stars: | 2023-10-16 | 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 EmailThe market is poised to go higher before year-end, says NB Private Wealth's Shannon SaccociaRob Sechan, Josh Brown, Shannon Saccocia, Joe Terranova join 'Halftime Report' to discuss the potential for a year-end rally in the market, upcoming earnings reports, and the impact of high rates on consumer spending.

Persons: Wealth's Shannon, Rob Sechan, Josh Brown, Shannon Saccocia, Joe Terranova

☆ Get tax-exempt income on the cheap as bond shake-up hits munis
▼ + stars: | 2023-10-12 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Tax-exempt income and relative safety are on sale for investors who are sniffing around municipal bonds. Tax-exempt income Interest income from municipal bonds is exempt from federal income tax — and can avoid state and local levies, too, if an investor and the bond issuer are in the same jurisdiction. This feature makes munis especially attractive to high-income investors in the 32% marginal federal income tax bracket and higher. Investors weighing a tax-exempt municipal bond against a corporate bond would do well to check out the tax equivalent yield. Schwab's Howard noted that the 5- to 7-year part of the municipal bond curve is favorable.

Persons: MUB, Nathan Will, Will, it's, Cooper Howard, Schwab's Howard, Shannon Saccocia Organizations: Federal Reserve, Muni Bond ETF, Vanguard, AAA, Bond, ., New York Life Investments, Schwab Center, Financial Research Locations: munis, muni

☆ Target stock gets an upgrade from Bank of America. Here's what the pros have to say
▼ + stars: | 2023-10-12 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTarget stock gets an upgrade from Bank of America. Here's what the pros have to sayJim Cramer, Stephanie Link of Hightower Advisors and Shannon Saccocia of NB Private Wealth discussed Target after the company was upgraded to buy from neutral from Bank of America.

Persons: Jim Cramer, Stephanie Link, Shannon Saccocia Organizations: Target, Bank of America, Hightower Advisors Locations: Bank

☆ We're preparing for continued volatility and valuation compression: NB Private Wealth's Saccocia
▼ + stars: | 2023-10-10 | 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 EmailWe're preparing for continued volatility and valuation compression: NB Private Wealth's SaccociaShannon Saccocia, NB Private Wealth CIO, joins 'Closing Bell'' to discuss her thoughts on the recent equity performance, psyche about the market, and more.

Persons: Saccocia Shannon Saccocia

☆ Watch CNBC's investment committee discuss rate expectations for Q4
▼ + stars: | 2023-10-02 | 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 EmailWatch CNBC's investment committee discuss rate expectations for Q4Shannon Saccocia, CIO of NB Private Wealth, Joe Terranova, chief market strategist at Virtus Investment Partners, Steve Weiss, Short Hills Capital founder, and Brian Belski, BMO chief investment strategist, join 'Halftime Report' to discuss the Q4 playbook, rates moving higher as additional supply comes in from the Fed, and more.

Persons: Shannon Saccocia, Joe Terranova, Steve Weiss, Brian Belski Organizations: Watch, Virtus Investment Partners, Short Hills Capital, BMO

☆ There is no fundamental catalyst for yields to fall in Q4, says Virtus Investment's Joe Terranova
▼ + stars: | 2023-10-02 | 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 EmailThere is no fundamental catalyst for yields to fall in Q4, says Virtus Investment's Joe TerranovaShannon Saccocia, CIO of NB Private Wealth, Joe Terranova, chief market strategist at Virtus Investment Partners, Steve Weiss, Short Hills Capital founder, and Brian Belski, BMO chief investment strategist, join 'Halftime Report' to discuss the Q4 playbook, rates moving higher as additional supply comes in from the Fed, and more.

Persons: Virtus, Joe Terranova Shannon Saccocia, Joe Terranova, Steve Weiss, Brian Belski Organizations: Virtus Investment Partners, Short Hills Capital, BMO

☆ Energy is in a secular bull market, says Virtus Investment's Joe Terranova
▼ + stars: | 2023-09-25 | 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 EmailEnergy is in a secular bull market, says Virtus Investment's Joe TerranovaShannon Saccocia, chief investment officer at NB Private Wealth, Josh Brown, CEO at Ritholtz Wealth Management, Joe Terranova, Virtus Investment Partners chief market strategist, Bill Baruch, Blue Line Capital founder, join 'Halftime Report' to discuss what's next for the stock market as 10-year Treasury yield hits its highest level in sixteen years, the opportunities in the current market, and more.

Persons: Virtus, Joe Terranova Shannon Saccocia, Josh Brown, Joe Terranova, Bill Baruch, what's Organizations: Email Energy, Ritholtz Wealth Management, Virtus Investment Partners, Blue Line Capital

☆ Watch CNBC’s full investment committee discussion
▼ + stars: | 2023-09-22 | 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 EmailWatch CNBC’s full investment committee discussionBryn Talkington, Requisite Capital Management managing partner, Rob Sechan, NewEdge Wealth managing partner and co-founder, Shannon Saccocia, chief investment officer at NB Private Wealth, and Steve Weiss, Short Hills Capital founder, join ‘Halftime Report’ to discuss the market as it is still poised to end the week with steep losses, whether recession is on the horizon, and more.

Persons: Bryn Talkington, Rob Sechan, Shannon Saccocia, Steve Weiss Organizations: Capital Management, NewEdge, Wealth, Short Hills Capital

☆ Chart of the day: Alibaba
▼ + stars: | 2023-09-22 | 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 EmailChart of the day: AlibabaBryn Talkington, Requisite Capital Management managing partner; Rob Sechan, NewEdge Wealth managing partner and co-founder, Shannon Saccocia, chief investment officer at NB Private Wealth, and Steve Weiss, Short Hills Capital founder, join ‘Halftime Report’ to discuss Alibaba as the stock is gaining momentum following the report that China is easing rules that cap foreign investment in domestic publicly traded companies.

Persons: Bryn Talkington, Rob Sechan, Shannon Saccocia, Steve Weiss Organizations: Capital Management, NewEdge, Wealth, Short Hills Capital Locations: China

☆ We are going into a recession, and there won't be a soft landing: Short Hills Capital's Steve Weiss
▼ + stars: | 2023-09-22 | 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 EmailWe are going into a recession, and there won't be a soft landing: Short Hills Capital's Steve WeissBryn Talkington, Requisite Capital Management managing partner; Rob Sechan, NewEdge Wealth managing partner and co-founder, Shannon Saccocia, chief investment officer at NB Private Wealth, and Steve Weiss, Short Hills Capital founder, join ‘Halftime Report’ to discuss the market as it is still poised to end the week with steep losses, whether recession is on the horizon, and more.

Persons: Steve Weiss Bryn Talkington, Rob Sechan, Shannon Saccocia, Steve Weiss Organizations: Capital Management, NewEdge, Wealth, Short Hills Capital

☆ Stock market weakness could continue in week ahead as looming government shutdown adds to fears
▼ + stars: | 2023-09-22 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Headwinds are piling up for the market heading into the final week of the month, as September lives up to its reputation as a horrible month for Wall Street. Wolfe Research's Rob Ginsberg pointed out in a note this week that the CBOE Volatility Index (VIX) doesn't suggest much fear in markets. "We have a potential shutdown in Washington, as well as the UAW strike, which could potentially create some volatility in jobs data in particular." But investors heading into the final trading week of September will likely see a continuation of those losses, if history is any indication. "We could see the market experience additional weakness over the next several weeks," said Sam Stovall, chief investment strategist at CFRA.

Persons: Wolfe, Rob Ginsberg, VIX, Amy Wu Silverman, Aditya Bhave, Shannon Saccocia, Saccocia, there's, RBC's Wu Silverman, what's, Goldman Sachs, Scott Rubner, Sam Stovall, Michael Bloom, Jeff Cox Organizations: Wall, Dow Jones, Reserve, Bank of America U.S, UAW, CFRA, Costco Wholesale, Nike, Chicago, Dallas Fed, New, Richmond Fed, Costco, Micron, . Kansas City Fed Manufacturing, BEA, Auto, PCE Deflator, Chicago PMI Locations: Washington, Detroit, . Kansas, Chicago, Michigan

☆ Consumers are driving the strength of the US economy, says NB Private Wealth's Shannon Saccocia
▼ + stars: | 2023-08-25 | 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 EmailConsumers are driving the strength of the US economy, says NB Private Wealth's Shannon SaccociaShannon Saccocia, CIO of NB Private Wealth, joins 'Closing Bell' to discuss Powell's less hawkish commentary, a renewed focus on the data dependency of monetary policy, and the reacceleration in food and energy prices.

Persons: Wealth's Shannon Saccocia Shannon Saccocia Organizations: Consumers

☆ Retailers take center stage in the week ahead, as Wall Street turns to the consumer for a much-needed boost
▼ + stars: | 2023-08-11 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

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

☆ Watch CNBC’s full interview with NB's Shannon Saccocia, Requisite’s Bryn Talkington and Axonic Capital’s Peter Cecchini
▼ + stars: | 2023-08-09 | 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 EmailWatch CNBC’s full interview with NB's Shannon Saccocia, Requisite’s Bryn Talkington and Axonic Capital’s Peter CecchiniNB Private Wealth's Shannon Saccocia, Requisite's Bryn Talkington and Axonic Capital's Peter Cecchini join 'Closing Bell' to discuss the bull rally and sentiment and being cautious in the market.

Persons: NB's Shannon Saccocia, Requisite’s Bryn, Axonic, Peter Cecchini, Wealth's Shannon Saccocia, Requisite's Bryn

☆ Every piece of economic data will be influential, says NB Private Wealth's Shannon Saccocia
▼ + stars: | 2023-08-09 | 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 EmailEvery piece of economic data will be influential, says NB Private Wealth's Shannon SaccociaShannon Saccocia, NB Private Wealth, joins 'Closing Bell' to give her case for cautious optimism for the market.

Persons: Wealth's Shannon Saccocia Shannon Saccocia

☆ NB Renaissance invests in app developer Bending Spoons, eyes IPO
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

MILAN, Aug 3 (Reuters) - NB Renaissance has invested in Milan-based mobile app developer Bending Spoons to help the company expand in a fast-growing market, including through merger and acquisition deals, the private equity firm said on Thursday. Bending Spoons is one of the world's top app providers with 500 million downloads and 100 million active users a month. "In securing the deal, NB Renaissance leveraged its strong relationship with Bending Spoons' founding team," it said, adding they had first worked together in 2019 on a potential U.S. acquisition deal. NB Renaissance did not disclose the size of the investment, saying only it had taken a minority stake, with NBR's senior partner Stefano Bontempelli appointed as member of the board. NB Renaissance is part of Neuberger Berman, a private, independent and employee-owned investment manager with $443 billion of assets under management.

Persons: NBR's, Stefano Bontempelli, Cherry, Neuberger Berman, Valentina Za, Kirsten Donovan Organizations: MILAN, Cherry, Cherry Bay Capital Group, Banco, Engineering, Thomson Locations: Milan, Cherry Bay, Inetum

☆ The dollar’s decline is yet another positive for the broad market — including AI stocks
▼ + stars: | 2023-07-22 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

A weaker dollar will continue to support a broad stock market rally that has already seen an extraordinary run-up this year. Since topping out in late last September, the ICE U.S. Dollar Index has fallen about 13%. A weaker dollar "starts to set into motion a few different dynamics," said Yung-Yu Ma, chief investment officer at BMO Wealth Management. .DXY 1Y mountain ICE U.S. Dollar Index over past year A weaker dollar typically lifts large-cap stocks that are more likely to have an international footprint. What's more, emerging market companies more easily pay back dollar-denominated debt when the greenback is weaker.

Persons: it's, Yung, Yu Ma, Shannon Saccocia, Riley Financial's Art Hogan, Hogan, Neuberger Berman's Saccocia, Saccocia, We've Organizations: ICE, BMO Wealth Management, Federal Reserve, Bank of Canada, Bank of England, European Central Bank, Vanguard FTSE Emerging

☆ Wall Street rides high into next week as traders brace for a major Fed decision and key earnings
▼ + stars: | 2023-07-21 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The recent streak of gains in markets could be in jeopardy next week as traders come up against a big Federal Reserve meeting and earnings shift into high gear. However, markets are ramping up just ahead of several catalysts next week that could roil markets. According to the CME FedWatch Tool, 83% of traders expect monetary policymakers will be done at that point. 'Floodgate' of earnings season including tech The biggest week for earnings season is also up ahead, with results having been mixed thus far. Personal Consumption Expenditure index (June) 10 a.m.: Consumer sentiment (July final) Earnings: Exxon Mobil , Chevron , Procter & Gamble , T. Rowe Price

Persons: Jerome Powell, Hogan, Powell, Shannon Saccocia, Jackson, Yung, Yu Ma, that's, Saccocia, Northrop Grumman, Rowe Price Organizations: Reserve, Dow Jones, Riley Wealth Management, BMO Wealth Management, Big Tech, Microsoft, Chicago, P Global, PMI, GE, GE HealthCare, GM, Boeing, Hess, ADP, CME Group, eBay, Honeywell, Hershey, McDonald's, Mastercard, Northrop, Royal, Enphase Energy, Mobile, Ford Motor, Intel, Mondelez, Exxon Mobil, Chevron, Procter, Gamble Locations: Royal Caribbean

☆ Tech needs continued pricing power to justify the multiples: NB Private Wealth's Shannon Saccocia
▼ + stars: | 2023-07-11 | 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 EmailTech needs continued pricing power to justify the multiples: NB Private Wealth's Shannon SaccociaShannon Saccocia, Josh Brown, Stephanie Link, and Jim Lebenthal join 'Halftime Report' to discuss elevated treasury rates, a rebalancing in the NASDAQ 100, and expectations for the upcoming earnings season.

Persons: Wealth's Shannon Saccocia Shannon Saccocia, Josh Brown, Stephanie Link, Jim Lebenthal Organizations: Email Tech, NASDAQ

☆ Municipal bonds can offer your portfolio tax-free income and stability as recession fears loom
▼ + stars: | 2023-06-21 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

"People see [municipal bonds] as a defensive position for two reasons," said Shannon Saccocia, chief investment officer at NB Private Wealth. "Historically, municipal bonds have had low default rates," wrote Jared Woodard, investment and exchange-traded fund strategist at Bank of America, in a June 12 report. For instance, there's the Vanguard California Intermediate-Term Tax-Exempt Fund Investor Shares (VCAIX) and the Nuveen New York Quality Municipal Income Fund (NAN) . In select situations, some advisors are recommending closed-end municipal bond funds. Closed-end muni bond funds trading at a deep discount include the BNY Mellon Municipal Income (DMF) and the MFS High Income Municipal (CXE) .

Persons: Shannon Saccocia, Jerome Powell, Jared Woodard, Nisha Patel, Patel, Paul Winter Organizations: Bank of America, Bond, Muni Bond ETF, Vanguard, Income Fund, Five, BNY, Income Locations: York, BNY Mellon

☆ Columns That Scrutinized, and Skewered, the Literary World
▼ + stars: | 2023-05-22 | by ( Dwight Garner | ) www.nytimes.com time to read: +1 min

NB BY J.C.: A Walk Through the Times Literary Supplement, by James CampbellIf you are a subscriber to the Times Literary Supplement, or TLS, that august literary review out of London, you know that its good, gray issues roll in every week, more quickly than it is possible to keep up. Davis didn’t mention it, but one part of the TLS no one skips, in my experience, is the NB column, which runs inside the back cover. This correspondent has officially been outed as James Campbell, a biographer of James Baldwin and a longtime editor at the magazine. He was a good steward of the column, and his best material has been collected now in “NB by J.C.: A Walk Through the Times Literary Supplement.”His NB was not a gossip column, Campbell explains. He hoped never to see the words “Martin” and “Amis” in proximity, and he mostly lived up to that vow.

☆ In Mexico, new non-binary passport can now sidestep male or female box
▼ + stars: | 2023-05-18 | by ( David Alire Garcia | ) www.reuters.com time to read: +2 min

The new non-binary passport was unveiled at an event hosted by Foreign Minister Marcelo Ebrard, but it came under immediate criticism by some non-binary activists as confusing gender with sex. Under the new passport policy, non-binary Mexicans who do not identify as either a man or a woman, which are gender categories, can now respond with an "X" on paperwork that asks applicants to choose between male or female, which are biological sex categories. Mexican passports did not previously ask applicants to select gender, only sex. Ebrard, who is seeking the presidential nomination of the leftist Morena party for next year's election, touted the policy as "a quantum leap" for Mexico. But non-binary Mexican activist Alex Orue argued that Ebrard mostly flubbed the attempt at progressive inclusion by blurring the difference between gender and sex.

☆ How to Gift Money for Weddings, Christmas, Birthdays or Any Occasion
▼ + stars: | 2022-10-18 | by ( ) www.wsj.com time to read: +8 min

A sentimental card or letter can smooth over the transactional rough edges of a cash gift. If you’re sending money electronically, it’s great to note in the card the method by which you’ve sent money: “Check your Venmo for the gift that accompanies this card UNLESS YOU HATE MONEY,” or similar phrasing of your choice. Don’t even give them a gift card, which limits where they can redeem it and adds the pressure of an expiration date. And even if you feel annoyed by an overt request for a monetary gift, don’t decide to opt out with the gift of nothing. If you’d like to receive cashEmbrace transparencyMaybe people used to pretend they didn’t need money or that gifts didn’t…cost money, but those days are happily behind us.

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