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On Friday's "Ask Halftime," our traders answered questions from CNBC Pro subscribers about stocks and ETFs during this heightened market volatility, including whether to buy, sell or hold specific companies Jenny Harrington of Gilman Hill Asset Management discussed shipping line Star Bulk Carriers and why she thinks China reopening will benefit Star near-term. Virtus Investment Partners' Joe Terranova explained that he personally owns the Gold Shares ETF and why investors should be interested in this fund. Finally, Jason Snipe of Odyssey Capital Advisors reviewed Alphabet , noting the opportunity to buy the stock after its latest earnings report.
Harrington said on CNBC's " Halftime Report " that although Chevron has been improving its performance, its dividend yield has declined below her portfolio's dividend income yield target of 5% or greater. The energy stock is paying a 3.6% dividend yield, while Pioneer has a yield of 11.8%, according to FactSet. Harrington sold Chevron shares in taxable accounts at the start of 2023, giving her the remainder of the year to offset those capital gains. Joe Terranova, senior managing director for Virtus Investment Partners, who stated that he personally owns Pioneer shares, praised Harrington's tactic. Natural gas and energy prices have fallen this year from their 2022 highs.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigh-beta stocks remain in a bear market, says Virtus' Joe TerranovaJoe Terranova, Virtus Investments Partners chief market strategist, joins 'Closing Bell: Overtime' to discuss the Fed ahead of Powell's remarks tomorrow and on market trends.
Joe Terranova doesn't trust the recent rally in a slew of high-beta stocks. TSLA YTD mountain Tesla shares surged nearly 41% in January Stocks have just wrapped a blowout month after the worst year for stocks since 2008 . The S & P 500 surged 6.2% to notch its best January since 2019 due in part to a rally in high-beta names, like 2022's battered tech darlings. Tesla shares, for example surged nearly 41% this month. But Terranova doesn't expect this momentum to last, nor does he anticipate continued outperformance from the Nasdaq Composite after its 10.7% surge in January.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomic recession has already been priced into stocks, says Virtus' Joe TerranovaJoe Terranova, Virtus Investment Partners, joins 'Closing Bell: Overtime' to discuss Microsoft and Texas Instruments earnings reports and the broader market.
Stephanie Link, chief investment strategist at Hightower, moved away from Dollar General to D.R. Horton , a stock she particularly likes in a sector she deemed a smart play. Horton has been a resilient stock though acknowledged the stock could be volatile in the near term. But I do think housing for 2023 into '24 makes sense." "I think this year you want to be more offensive, and you've seen it actually in terms of growth outperforming value."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf inflation comes in at 6.6%, that makes sense, says Gilman Hill's Jenny HarringtonA mid-day look at the market and what the traders are expecting from the next inflation read. With CNBC's Scott Wapner and the 'Halftime Report' investment committee, Gilman Hill's Jenny Harrington, Virtus Investment Partners' Joe Terranova, NewEdge's Rob Sechan and Sand Hill Global's Brenda Vingiello.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full post-market discussion with Virtus' Joe Terranova, BNY Mellon Wealth Management's Alicia Levine and CIC Wealth's Malcolm EthridgeVirtus Investment Partners' Joe Terranova joins 'Closing Bell: Overtime' to discuss the markets and whether he believes there could be positive momentum building. With Alicia Levine, BNY Mellon Wealth Management and Malcolm Ethridge, CIC Wealth.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI believe earnings really are the catalyst for the market, says Virtus' Joe TerranovaVirtus Investment Partners' Joe Terranova joins 'Closing Bell: Overtime' to discuss the markets and whether he believes there could be positive momentum building.
The bond market is right, says Virtus' Joe Terranova
  + stars: | 2023-01-06 | 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 bond market is right, says Virtus' Joe TerranovaJoe Terranova, Virtus Investment Partners chief market strategist, joins 'Closing Bell: Overtime' to discuss the likelihood of a soft landing and stocks closing near session highs.
As investors position their portfolios for the year ahead, one sector is a standout pick for the investment panel on CNBC's "Halftime Report" : financials. "In every recession, there's one sector, whose balance sheet is most negatively affected by the recession. Gilman Hill Asset Management CEO Jenny Harrington named financial stocks as her top 2023 sector pick, saying the sector is undervalued after reviewing its price/earnings to growth ratio, or PEG ratio. The financials sector in the S & P 500 was down by 12% in 2022, still outperforming the broader market index despite the drop. Here is the full 2023 stock picks from the group: Karen Firestone: Charles Schwab, Align Technology, American Tower; Sector Pick: Financials Jenny Harrington: Kohl's, Uber, B & G Foods; Sector Pick: Financials Jim Lebenthal: Boeing, Cleveland-Cliffs, Paramount Global; Sector Pick: Industrials
This is notably different from the S & P 500 and Nasdaq Composite , which are weighted based on market cap. Bank of America ETF strategist Jared Woodard listed the Invesco S & P 500 Equal Weight ETF (RSP) as a top trade for 2023. The fund had a total return of -11.6% in 2022, meaning its decline was significantly less than the S & P 500. After tech stocks underperformed again in December, value stocks have now made up a lot of ground in the major indexes. However, equal-weighted funds still give investors more exposure to value stocks and areas like energy and materials than broad index funds.
Josh Brown issued a warning for investors on Tuesday, noting that new bear market lows could soon be reached. I think we break the October lows," Brown, the CEO of Ritholtz Wealth Management, said Tuesday on CNBC's " Halftime Report ." Brown pointed to one view held among even bullish strategists on Wall Street that stocks will sell off in the first half of 2023, before rebounding in the second half of the year. "It's so much more rational to be in that camp, given all the headwinds, all of the negativity," Brown added. Brown named aerospace and defense as his favorite sector for 2023, saying equities in the sector will serve as an hedge for growing geopolitical risks this year.
I traded Apple horribly this year, says Virtus' Joe Terranova
  + stars: | 2022-12-29 | 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 EmailI traded Apple horribly this year, says Virtus' Joe TerranovaJoe Terranova, Virtus Investment Partners chief market strategist, joins 'Closing Bell' to discuss the mega cap tech trade and his outlook for the sector.
Stephen Weiss, chief investment officer and managing partner at Short Hills Capital Partners, bought Moderna , and sold Merck — though he still expects the latter is a solid pharmaceutical stock. "Some days I regret selling because it's still a cheap stock, still extremely well-run, I think the best-run pharma company." Moderna shares have recently attracted investors' interest following the announcement of an experimental melanoma vaccine . Shares of Moderna are down roughly 18% this year, while shares of Merck is up nearly 45% in 2022. To this, Weiss added that "there's no other drug company, biotech company" with the pipeline that Moderna has.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full post-market discussion with Virtus' Joe Terranova, John Hancock’s Emily Roland and CIC Wealth’s Malcolm EthridgeVirtus Investment Partners' Joe Terranova, John Hancock Investment Management’s Emily Roland and CIC Wealth’s Malcolm Ethridge join 'Closing Bell: Overtime' to discuss markets rallying today and what it could mean going into next year. FedEx and Nike earnings are also discussed.
S&P 500 futures rise, helped by Nike and FedEx earnings
  + stars: | 2022-12-20 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +2 min
S&P 500 futures rose 0.3%, and Nasdaq 100 futures climbed 0.4%. Investors were digesting earnings from Nike and FedEx that sent both companies higher in after-hours trading. Nike shares added 12% after the apparel maker beat Wall Street's expectations for quarterly earnings and revenue. The S&P 500 climbed 0.1% and the Nasdaq Composite eked out a slight gain of 0.01%. There are a few more big names left to report earnings before the Christmas holiday.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFocus on resiliency in the markets next year, says Virtus Investment Partners' Joe TerranovaJoe Terranova, Virtus Investment Partners, joins 'Closing Bell: Overtime' to discuss markets rallying today and what it could mean going into next year.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow's an opportunity to invest if you respect valuations and profitability, says Joe TerranovaCNBC's Investment Committee discuss if now's a good opportunity for investors, how Virtus Investment Partners' Joe Terranova is positioning at the end of the year and more.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBanks trading revenue is really strong, says Virtus' Joe TerranovaJoe Terranova, Virtus Investment Partners chief market strategist, joins 'Closing Bell: Overtime' to discuss what's behind the fall in bank stocks.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full post-market discussion with Virtus' Joe Terranova, Sand Hill Global’s Brenda Vingiello and New York Life Investments' Lauren GoodwinVirtus Investment Partners' Joe Terranova, Sand Hill Global’s Brenda Vingiello and New York Life Investments' Lauren Goodwin join 'Closing Bell: Overtime' to discuss the Fed ahead of Powell's speech tomorrow and what it could mean for the markets.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market will rally through the end of the week, says Virtus' Joe TerranovaJoe Terranova, Virtus Investment Partners, joins 'Closing Bell: Overtime' to discuss the Fed ahead of Powell's speech and what it could mean for the markets.
The S & P 500, meanwhile, is down 15.5% this year, dragged down by the communication services and information technology sectors, along with consumer discretionary. The Nasdaq is up 6% in the fourth quarter, while the S & P 500 has surged 12% in that time. But, some investors think tech's cooperation will be needed for the market to bounce back from this bear market. "[Tech stocks] have to participate, they have to move up to get a big market move," the company's co-chief investment officer said. Tech stocks that could lead Given this backdrop, CNBC Pro searched for stocks in the Nasdaq 100 — which is made up of the 100-largest Composite stocks — that could lead tech out of its rut.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCorporations are better positioned now than other recessionary cycles, says Virtus' Joe TerranovaJoe Terranova, Virtus Investment Partners, joins 'Closing Bell: Overtime' to discuss S&P sector leaders and the broader markets.
The bull market in energy is still going strong and any dips are an opportunity to buy, according to Ritholtz Wealth Management CEO Josh Brown. The Energy Select Sector SPDR Fund also regained some of its earlier losses but was still down more than 1%. Joe Terranova, a senior managing director for Virtus Investment Partners, is also bullish on energy. "These are all the companies that I believe rightfully belong in a diversified energy basket," Terranova said on " Halftime Report ." Brown likes the iShares U.S. Oil & Gas Exploration & Production exchange-traded fund, as well as Cheniere Energy , Southwest Gas and Nextera Energy.
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