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☆ Morgan Stanley: Buy these 38 stocks that will increase their profits during another better-than-feared earnings season
▼ + stars: | 2023-07-30 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Here are 38 stocks that will revise earnings estimates higher, according to Morgan Stanley. Corporate profits are on pace to fall 9% through roughly a fifth of the Q2 earnings season, which is about 6 percentage points better than anticipated, according to Morgan Stanley. Morgan StanleyIn fact, the firm found that earnings revisions decelerated in two thirds of industries in the weeks since early July. That's cause for concern as a seasonally challenging time for revisions nears — earnings revisions breadth traditionally trends downwards in the months of July through November. Morgan Stanley expects nominal earnings and sales growth to suffer as price growth slows faster than expected, even if long-awaited interest rate cuts come.

Persons: haven't, Morgan Stanley, Ed Yardeni, Morgan, Mike Wilson, isn't, Wilson, they've

☆ One of the most accurate recession predictors is only half right. Here's what the yield curve is actually saying, according to a market veteran
▼ + stars: | 2023-07-30 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

One of the most accurate recession predictors is only half right, market veteran Ed Yardeni told Insider. The yield curve has been inverted for more than a year, but it doesn't mean a recession is ahead. For years, he has been saying the inverted yield curve is an indicator for a process, not a recession. In 2019, he coauthored a paper titled "The Yield Curve: What Is It Really Predicting?" What does the inverted yield curve say?

Persons: Ed Yardeni, Yardeni Organizations: Service, Yardeni Research, Reserve, Silicon Valley Bank, Fed Locations: Wall, Silicon

☆ Wall St Week Ahead Relentless U.S. stock rally faces Fed test
▼ + stars: | 2023-07-21 | by ( David Randall | ) www.reuters.com time to read: +4 min

The S&P 500 is up nearly 19% year-to-date and closed on Thursday at 4,534.87, only about 6% below an all-time high reached in January 2022. What the Fed does and says next week will be critical," said Cliff Corso, chief investment officer at Advisors Asset Management. "Bearish investors have had to capitulate," said Liz Ann Sonders, chief investment strategist at Charles Schwab. The bank last month raised its year-end S&P 500 target to 4,500, from 4,000. However, Christopher Tsai, chief investment officer at Tsai Capital, is not worried about buying into an overvalued market.

Persons: Cliff Corso, Jonathan Golub, Tom Lee, Ed Yardeni, Liz Ann Sonders, Charles Schwab, Eric Freedman, Goldman Sachs, Sunitha Thomas, We've, Christopher Tsai, David Randall, Saqib Iqbal Ahmed, Ira Iosebashvili, Richard Chang Organizations: YORK, Federal Reserve, Fed, Asset Management, Jonathan Golub of Credit Suisse, Fundstrat Global, Yardeni Research, National Association of Active Investment, U.S, Bank Wealth Management, Consumers, Northern Trust, Tsai, MSCI Inc, Zoetis Inc, Thomson Locations: U.S, Jonathan Golub of

☆ Traders are wondering if now is the time for a summer market correction
▼ + stars: | 2023-07-21 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

After a string of up days, the old market leadership of technology and consumer discretionary is looking tired, and that is probably a good thing. Since 1950, August is the third-worst month for the S & P 500, while September is the worst month. That is "historically extreme," Todd Sohn from Strategas told me, though it is consistent with coming off major market lows. A torrid two-month rally has lifted the S & P Technology Sector (XLK) by 16%, but tech has mostly been for sale in the last few days. Still, for investors in the S & P 500, McClellan says no one should be surprised to see a summer correction in the next month or so.

Persons: Tom McClellan, Nate Geraci, Schwab, Todd Sohn, Strategas, John Murphy, Banks, Murphy, UnitedHealth, Johnson, Abbott, Ed Yardeni, McClellan Organizations: The, Growth, P Technology, Microsoft, Apple, Nasdaq, NVIDIA, Meta, Technology, Health Care

☆ Investors will be disappointed by Bernstein’s estimated stock market returns for the next decade
▼ + stars: | 2023-07-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Elevated stock market valuations suggest that returns for investors over the next decade could be meager, according to a Bernstein analysis. The Shiller PE or CAPE — that is, cyclically adjusted price to earnings ratio — sets the market multiple based on average inflation-adjusted earnings over the course of a decade. "The Shiller PE has historically been a good predictor of very long-run 10-year forward equity returns," the Bernstein analysts wrote. However, the firm notes that investors shouldn't forego stock market exposure even if returns are likely to be lower. Ed Yardeni of Yardeni Research said market valuations could be resetting as Big Tech companies powered by artificial intelligence dominate the market.

Persons: Bernstein, Sarah McCarthy, Mark Diver, Ed Yardeni, Yardeni Organizations: Equity, Yardeni Research, Big Tech Locations: Tuesday's

☆ CNBC Daily Open: The long-awaited recession might not arrive
▼ + stars: | 2023-07-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Waiting for earningsU.S. stocks made slight gains Monday, but trading volume was lower than average as investors braced for second-quarter earning. Merger bonanzaWarren Buffett's Berkshire Hathaway reduced its stake in Activision Blizzard from 6.7% last year to 1.9% yesterday, according to a securities filing released Monday. Buffett previously revealed Berkshire added to its initial Activision stake in a bet the deal would close and cause shares to rise.

Persons: Antonio Guterres, Berkshire Hathaway, Buffett, Jim Jordan, Mark Zuckerberg, Ed Yardeni Organizations: CNBC, Initiative, Activision Blizzard, Microsoft, Activision, Twitter, Yardeni Research Locations: Russia, Ukraine, Berkshire

☆ Ed Yardeni sees S&P 500 rising to a record as high as 5,400 within the next 18 months
▼ + stars: | 2023-07-17 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Market veteran Ed Yardeni believes we are already in a new bull market and the S & P 500 could potentially climb nearly 20% in the next 18 months in the cycle. His target range represents a gain of between 6.5% and 19.9% from the S & P 500's Friday close of 4,505.42. "I've been thinking for quite some time that we're in a recession, but I argued that it's a rolling recession, not an economy-wide recession. .SPX 1Y mountain S & P 500 Yardeni praised the U.S. central bank for bringing down inflation effectively. The S & P 500 has jumped more than 17% this year after scoring its best first half since 2019.

Persons: Ed Yardeni, Yardeni, meltdowns Organizations: Yardeni Research, Federal Reserve, Street, Deutsche Bank, Wall Street, CNBC Locations: U.S

☆ Inflation has been 'much more transitory than persistent', says Ed Yardeni
▼ + stars: | 2023-07-17 | 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 EmailInflation has been 'much more transitory than persistent', says Ed YardeniEd Yardeni, Yardeni Research president, joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, market outlook, and more.

Persons: Ed Yardeni Ed Yardeni Organizations: Yardeni Research

☆ Why declaring victory over inflation too soon may be a mistake for economy
▼ + stars: | 2023-07-16 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +9 min

The market is fully expecting another interest rate hike from the Fed in July, after it skipped a rate hike in June. For the Fed, ideal inflation is in the target range of 2%. But he is more encouraged about the economy avoiding recession, which recent economic history said would not be possible. San Francisco Fed President Mary Daly expressed her commitment to lowering inflation even further on "Squawk on the Street" last week. "It's really too early to say that we can declare victory on inflation.

Persons: Tom Werner, Jerome Powell, Ed Yardeni, Yardeni, Paul McCulley, Tom Lee, Fundstrat, Lee, Liz Young, Roger Ferguson, Ferguson, Hugh Johnston, they've, CFOs, Milton Friedman's, Pimco, Tiffany Wilding, Wilding, Mary Daly Organizations: Federal Reserve, Market Committee, Fed, CME Fed, Yardeni, Dow Jones, Dow, PepsiCo, CNBC, Francisco Fed Locations: U.S, Georgetown

☆ Goldman Sachs: These 17 stocks could earn much more than the rest of Wall Street expects following a strong second half for markets
▼ + stars: | 2023-07-14 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Goldman Sachs is bullish about stocks in the second half of 2023. Here are 17 stocks with dramatically higher 2024 earnings estimates from Goldman than the consensus. Instead of simply watching to see whether corporate profits continue to decline this quarter, Goldman Sachs is already keeping a pulse on next year's earnings growth. Unlike most of its peers, Goldman Sachs expects the S&P 500 to build on its gain, though its year-end price target of 4,500 suggests near-term upside will be hard to come by. David Kostin, the chief US equity strategist at Goldman Sachs, wrote in a note that just 33% of large-cap mutual fund managers beat their benchmark in the first half.

Persons: Goldman Sachs, David Kostin Organizations: Goldman, Research, Credit Suisse

☆ This time the Fed may have actually gotten it right on inflation, says Ed Yardeni
▼ + stars: | 2023-07-12 | 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 EmailThis time the Fed may have actually gotten it right on inflation, says Ed YardeniEd Yardeni, Yardeni Research president, joins 'Halftime Report' to discuss the latest CPI report, what is ahead for Federal Reserve policy and more.

Persons: Ed Yardeni Ed Yardeni Organizations: Yardeni Research, Federal Reserve

☆ Real-estate guru Brandon Turner shares the low-risk investing approach his company is now taking amid housing market uncertainty — and which strategies he's avoiding
▼ + stars: | 2023-07-12 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

He's still bullish on real-estate investing as a strategy to build wealth. But he's taking a buy-and-hold approach right now, and not taking out risky loans. It's hard to imagine anyone who hails the virtues of real-estate investing more than Brandon Turner. He again sang the praises of real-estate investing as a method for building generational wealth, and brushed off calls for a housing market crash that have grown louder since last year. But that's not to say Turner is particularly bullish on every investing approach right now.

Persons: Brandon Turner, He's, Turner, David Greene, that's, Skylar Olsen, Anne Curry, Morgan Stanley's Ellen Zentner, Ray Farris, Ian Shepherdson Organizations: Credit

☆ Baby boomers own pretty much everything - but millennials could be about to catch up
▼ + stars: | 2023-07-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Baby boomers own a massive $75 trillion in wealth spread out across stocks, homes, and businesses. And that same advantage baby boomers have had—time—is about to be bestowed upon millennials as they enter the prime years for their careers and earnings growth. They will continue to grow their incomes all the way through 2050, compared to a steady decline for baby boomers and Generation X over the same time period. And while Yardeni expects baby boomers will start to spend down their savings and help bolster the economy, they won't be able to spend all of it. Various estimates suggest that more than $70 trillion will ultimately be inherited by Generation X, millennials, and to a lesser extent, Generation Y.

Persons: Ed Yardeni, Cash Ed Yardeni, millennials, boomer, Tom Lee, Lee, Fundstrat Lee, Yardeni Organizations: Service, millennials Locations: Wall, Silicon

☆ U.S. economy has shifted from a 'rolling recession' to a 'rolling recovery,' market veteran Ed Yardeni says
▼ + stars: | 2023-07-05 | 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 EmailU.S. economy has shifted from a 'rolling recession' to a 'rolling recovery,' market veteran Ed Yardeni saysEd Yardeni, president of Yardeni Research, said he expects sticky inflation in services will fall, similar to goods inflation, without requiring the Federal Reserve to push the economy into a recession.

Persons: Ed Yardeni Organizations: U.S, Yardeni, Federal Reserve

☆ US economy's 'rolling recession' turning into 'rolling expansion,' says Ed Yardeni
▼ + stars: | 2023-07-05 | 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 EmailUS economy's 'rolling recession' turning into 'rolling expansion,' says Ed YardeniEd Yardeni, Yardeni Research president, joins 'Squawk on the Street' to discuss Yardeni's evolving views on the economy over the last few months, the current bull to bear ratio and its implications, and the possibility of a rolling expansion with weak credit markets.

Persons: Ed Yardeni Ed Yardeni Organizations: Yardeni Research

☆ Rolling recession to rolling recovery? Ed Yardeni says a unique factor has cushioned the economy
▼ + stars: | 2023-07-05 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

The U.S. economy has shifted from a "rolling recession" to a "rolling recovery," according to market veteran Ed Yardeni. Instead, it has experienced what the head of Yardeni Research calls a "rolling recession" — various industries being hit at different times since early last year. In addition, one unique factor influencing the U.S. economy is the large-scale fiscal stimulus, like the Inflation Reduction Act, implemented before an actual recession, according to Yardeni. When questioned about the strength of this recovery, Yardeni confirmed that he'd doubled his growth forecast for the second quarter. Don Mason | Tetra Images | Getty ImagesThe U.S. economy has shifted from a "rolling recession" to a "rolling recovery," according to market veteran Ed Yardeni.

Persons: Ed Yardeni, Yardeni, CNBC's, he'd, Don Mason Organizations: Federal Reserve, Yardeni Research, Goods, Consumers, Deutsche Bank Locations: U.S

☆ Watch CNBC's full interview with Ed Yardeni on markets, the economy and 'rolling' economic expansion
▼ + stars: | 2023-07-05 | 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 Ed Yardeni on markets, the economy and 'rolling' economic expansionEd Yardeni, Yardeni Research president, joins 'Squawk on the Street' to discuss Yardeni's evolving views on the economy over the last few months, the current bull to bear ratio and its implications, and the possibility of a rolling expansion with weak credit markets.

Persons: Ed Yardeni Organizations: Yardeni Research

☆ Watch CNBC’s full interview with VantageRock's Avery Sheffield and Yardeni Reserch's Ed Yardeni
▼ + stars: | 2023-06-27 | 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 VantageRock's Avery Sheffield and Yardeni Reserch's Ed YardeniAvery Sheffield, VantageRock co-founder, and Ed Yardeni, Yardeni Research president, join 'Closing Bell' to discuss inflation, recession risks, and risks to the momentum trade.

Persons: VantageRock's Avery, Yardeni, Ed Yardeni Avery Sheffield, VantageRock, Ed Yardeni Organizations: VantageRock's Avery Sheffield, Yardeni Research

☆ Jerome Powell says the Fed is still 'very far' on inflation
▼ + stars: | 2023-06-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Fed Chairman Jerome Powell testified before the House, central bank nominees are talking to the Senate, and the Washington Wizards traded away their star hooper. Powell spoke before the House Financial Services Committee yesterday following 10 consecutive interest rate hikes and one rate "skip" that the Fed chief made sure to clarify wasn't a "pause." "Given how far we've come, it may make sense to move rates higher but to do so at a more moderate pace," Powell said Wednesday. So far, the economy has been more resilient than expected, even as the fed funds rate hovers in the 5% to 5.25% range. US stock futures fall early Thursday, after Federal Reserve Chair Jerome Powell said more rate hikes are likely ahead.

Persons: I'm Phil Rosen, Jerome Powell, hooper, Anna Moneymaker, Powell, that's, Patrick McHenry, Tesla, Goldman Sachs, there's, Julia La Roche, Ed Yardeni, isn't, BofA's Savita Subramanian, Apple isn't, Read, Phil Rosen, Jason Ma, Hallam Bullock, Nathan Rennolds Organizations: Senate, Washington Wizards, Financial Services, Fed, Nvidia, Apple, Business, Federal, Accenture, Volex, Bank of America, . Locations: New York, Los Angeles, London

☆ A rolling recession in the economy is turning into a rolling recovery that should help limit downside in the stock market
▼ + stars: | 2023-06-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

A rolling recession in the economy has turned into a rolling expansion, according to market veteran Ed Yardeni. He said the resilience of underlying sectors of the economy should help limit stock market downside. Now, that rolling recession is turning into a rolling expansion across that should help boost the ongoing economic recovery and help limit any potential downside in the stock market, market veteran Ed Yardeni said in a Tuesday note. "What happens after a rolling recession? Perhaps a rolling expansion as the economic sectors that fell into a recession recover," he said.

Persons: Ed Yardeni, —, Yardeni Organizations: Service, Federal Reserve, National Association of Home Builders, Atlanta Fed, Atlanta Locations: Wells Fargo

☆ Morgan Stanley's chief US economist now says home prices are likely to drop only 2% in 2023. Here's why she thinks the housing downturn is virtually over.
▼ + stars: | 2023-06-17 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Morgan Stanley's Ellen Zentner says housing activity has bottomed. After a huge drop off in activity, demand is starting to stabilize. Yardeni ResearchThe pickup in activity has likely been due to housing affordability stabilizing. Zentner's view that the housing market is stabilizing is a big contributing factor to her call for a soft-landing scenario, where the US economy avoids a recession. But nevertheless, housing activity has bottomed, and that's probably the most important pillar to a soft-landing."

Persons: Morgan, Ellen Zentner, Morgan Stanley's Ellen Zentner, Zentner, that's, Goldman Sachs, Jonathan Woloshin, Suisse's Ray Farris, Ian Shepherdson, undershoots, David Rosenberg Organizations: National Association of, National Association of Homebuilders, UBS Wealth Management, Rosenberg Locations: Zentner

☆ Broadening activity in market is proof of bullish turn, says Momentum Advisors' Allan Boomer
▼ + stars: | 2023-06-16 | 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 EmailBroadening activity in market is proof of bullish turn, says Momentum Advisors' Allan BoomerAllan Boomer, chief investment officer at Momentum Advisors, and Ed Yardeni, president of Yardeni Research, join 'The Exchange' to discuss earnings picking up as profit margins improve, fears of a Fed over reaction, and consumer resistance to price increases.

Persons: Allan Boomer Allan Boomer, Ed Yardeni Organizations: Momentum Advisors, Yardeni Research

☆ Watch CNBC’s full interview with iCapital's Anastasia Amoroso and Ed Yardeni
▼ + stars: | 2023-06-13 | 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 iCapital's Anastasia Amoroso and Ed YardeniAnastasia Amoroso, iCapital chief investment strategist, and Ed Yardeni, Yardeni Research president, join 'Closing Bell' to discuss whether investors can trust the bullish breakout in the market and tomorrow’s Federal Reserve meeting.

Persons: iCapital's Anastasia Amoroso, Ed Yardeni Anastasia Amoroso, Ed Yardeni Organizations: Yardeni Research

☆ Stocks would plummet 20% if the bond market's expectations pan out, JPMorgan says
▼ + stars: | 2023-06-09 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Macroeconomic outlooks between bond and equity markets continue to diverge, JPMorgan said. If the bond market is right about inflationary risk, stocks would face 20% potential downside. But if the fixed-income market's inflationary outlooks prove right, stocks would face 20% potential downside. "If equity markets were to price in a rise in inflation vol to levels consistent with bond markets appear to price, this would imply around 20% downside from current levels," analysts said. But, in the case that bond markets are able to look past inflationary risk, JPMorgan expects that yields of 10-year Treasurys would drop by around 70 basis points.

Persons: —, Ed Yardeni Organizations: JPMorgan, Service, Federal

☆ The 'mother of all melt-ups' in stocks could be quickly followed by a meltdown as the bubble in overvalued names pops, Ed Yardeni says
▼ + stars: | 2023-06-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Stocks could face a meltdown as the bubble in firms riding the AI excitement pops, Ed Yardeni said. The current bull market in stocks is unusual, as they typically begin when valuations for firms are low, he said. But if stocks rise too quickly, it could spell trouble for the market as the bubble in overvalued names pops. That ratio is now around 18, largely due to the success of the eight mega-cap firms. High rates also risk tipping the economy into recession, experts warn, which is also likely to weigh on stocks.

Persons: Ed Yardeni, meltdowns, —, Yardeni Organizations: Service, Fox Business, Yardeni, Nvidia, Microsoft, & $

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