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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market has a runway to the next earnings season, says Virtus' Joe TerranovaJoe Terranova, Virtus Investments Partners, joins 'Closing Bell: Overtime' to discuss Fed Chair Powell's remarks and how the markets reacted.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Virtus' Joe Terranova, Wealth Enhancement’s Nicole Webb and Axonic’s Peter CecchiniVirtus' Joe Terranova, Wealth Enhancement’s Nicole Webb and Axonic’s Peter Cecchini join 'Closing Bell: Overtime' to discuss Fed Chair Powell's remarks and how the markets reacted.
It's time for investors to get back into British pharmaceutical company GSK , according to investor Sarat Sethi. He has been adding to the stock that was known as GlaxoSmithKline since buying it a couple months ago, Sethi told the panel on CNBC's " Halftime Report " on Monday. GSK shares have notably underperformed this year. While the S & P 500 has rallied more than 7% since the start of 2023, GSK shares are just slightly higher for the year, up 0.6%. Hightower's Stephanie Link approved of the buy, saying that GSK has a "great story."
Investors are flocking back into tech, after shunning the sector for the better part of 2022 amid broad risk-off sentiment. The tech-heavy Nasdaq Composite has been the best-performing Wall Street index in 2023, having gained about 15.6% since the start of the year. This could be the rebound," Wang told CNBC's "Street Signs Asia" on Thursday. " Some 87% of analysts covering the stock rate it a "buy," according to FactSet data, and give it average upside of 10.3%. Christopher Crawford, managing partner at Crawford Fund Management, told CNBC's "Street Signs Asia" on Tuesday that his firm is overweight tech "for the first time in our 10-year history."
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.
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.
Snap shares plunge on weak sales outlook despite earnings beat
  + stars: | 2023-01-31 | 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 EmailSnap shares plunge on weak sales outlook despite earnings beatCNBC's Julia Boorstin joins 'Closing Bell: Overtime' to report on Snap's earnings report. Virtus' Joe Terranova reacts to the drop in shares.
AMD shares rise on fourth-quarter earnings beat
  + stars: | 2023-01-31 | 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 EmailAMD shares rise on fourth-quarter earnings beatCNBC's Kristina Partsinevelos joins 'Closing Bell: Overtime' to report on AMD's earnings report. Virtus' Joe Terranova, Veritas’ Greg Branch and Wealth Enhancement’s Aya Yoshioka react to the report.
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.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Virtus' Joe Terranova, SVB’s Shannon Saccocia and G-Squared’s Victoria GreeneVirtus' Joe Terranova, SVB’s Shannon Saccocia and G-Squared’s Victoria Greene, join 'Closing Bell: Overtime' to discuss Microsoft and Texas Instruments earnings reports and the broader market.
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.
A metric dubbed Microsoft Cloud — including Azure, commercial subscriptions to Microsoft 365, commercial LinkedIn services and Dynamics 365 enterprise software — now represents 51% of total sales. Large organizations are optimizing their spending on cloud services, a key area of growth for Microsoft, CEO Satya Nadella said. Hood said said Azure growth would slow down more. In the full December quarter, revenue from Azure and other cloud services rose 42% in constant currency. Her forecast included flat revenue for Windows commercial products and cloud services, compared with a decline of 3% in the fiscal second quarter.
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."
HONG KONG, Jan 12 (Reuters) - Scores of mainland Chinese travellers are rushing to Hong Kong to receive mRNA COVID-19 vaccines, which are not available on the Chinese mainland, as the country grapples with a torrent of infections which have overwhelmed its health system. A private hospital in the special Chinese administrative region of Hong Kong welcomed the first batch of mainland customers on Thursday, just five days after China reopened its borders for the first time in three years, allowing quarantine free travel. [1/5] Yoyo Liang, from mainland China, received a dose of BioNTech bivalent coronavirus disease (COVID-19) vaccine at a private clinic in Hong Kong, China January 12, 2023. There is no bivalent vaccine available in mainland Chin," she explained after she received her jab. Virtus, which has received more than 300 inquiries so far about the vaccines, is expecting more mainland customers to come to Hong Kong in the coming weeks and months, the company's chief medical officer Samuel Kwok told reporters.
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 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.
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.
Today is the revenge of high beta, says Virtus' Joe Terranova
  + stars: | 2023-01-09 | 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 EmailToday is the revenge of high beta, says Virtus' Joe TerranovaJason Snipe, Steve Weiss, Joe Terranova and Liz Young join the 'Halftime Report' to discuss price relative to moving average in high beta names, rethinking near term investment strategies and weakening economic data.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full post-market interview with Virtus' Joe Terranova, Truist’s Keith Lerner and John Hancock’s Emily RolandVirtus' Joe Terranova, Truist’s Keith Lerner and John Hancock’s Emily Roland join 'Closing Bell: Overtime' to discuss the likelihood of a soft landing and stocks closing near session highs.
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
Apple has lost its positive momentum, says Virtus' Joe Terranova
  + stars: | 2023-01-03 | 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 EmailApple has lost its positive momentum, says Virtus' Joe TerranovaCNBC’s ‘Halftime Report’ investment committee, Stephanie Link, Joe Terranova and Josh Brown, discuss Apple's stock as it hits a new 52-week low.
The S & P 500 is currently at around 3,839. Based on the current yield of 3.75%, the S & P 500 is "fairly valued" at 3,800 — implying no upside. 'Conviction themes' in 2023 Hatfield highlighted the "conviction investment themes" he expects to be very attractive in 2023. One asset class he highlighted was preferred stocks, which have the characteristics of both stocks and bonds . "We believe that preferred stocks are extremely attractive now as most are trading at more than a 20% discount to par.
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.
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