Schwab Network
4,326 episodes - English - Latest episode: 13 days ago - ★★★★★ - 23 ratingsSchwab Network is brought to you by Charles Schwab Media Productions Company (CSMPC), a subsidiary of The Charles Schwab Corporation and not a financial advisor, registered investment advisor, broker, or futures commission merchant. THE SCHWAB NETWORK SITE, CONTENT, APPS, and RELATED SERVICES, ARE ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES. Not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction. ©2024 CSMPC. All rights reserved.
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Episodes
How Cruise Lines Are Doing After Carnival's (CCL) Disappointing Earnings
January 06, 2023 19:21 - 7 minutes - 77.7 MBCarnival (CCL) reported disappointing 4Q earnings and expects "significant positive EBITDA" in 2023, says Paul Golding. He reflects on CCL's 4Q results, as well as the outlook for CCL in 2023. He talks about how Macquarie Group has an outperform rating for CCL and a $10 price target. He talks about other travel stocks such as Norwegian Cruise Line (NCLH), Royal Caribbean (RCL), and Lindblad Expeditions (LIND). Tune in to find out more about the stock market today.
Investment Goals For 2023 & Headwinds For The Fed
January 06, 2023 19:17 - 7 minutes - 92.7 MBThe vicious cycles of volatility aren't going to end just yet, says Matthew Johnson. He discusses how the markets are under pressure ahead of tomorrow's employment report. He notes that the Fed has made it clear that they may be willing to reduce the size of hikes but not the long-term terminal rate. He talks about how this means more potential layoffs, more shrinkage of the economy, and more squeezing of profits. He also goes over the potential headwinds for the market this year, as well ...
Major Takeaways From This Week's Employment Data
January 06, 2023 19:01 - 8 minutes - 92.3 MBEconomists project a 4.6% unemployment rate a year from now, according to BankRate.com. Mark Hamrick discusses how the markets are lower following today's jobless claims data. He talks about the key takeaways from today's jobs data, as well as how the Fed will react to this week's employment data. He then goes over what to expect from tomorrow's jobs report. Finally, he notes the chances for a recession. Tune in to find out more about the stock market today.
Crude Oil, Gold, & Copper Rise To Begin 2023
January 06, 2023 18:55 - 7 minutes - 69.4 MBCrude oil (/CL) is higher after beginning the year with two straight days of losses. Phil Streible discusses this, as crude oil began 2023 with a big move lower. He talks about factors weighing on crude oil price. He also goes over how gold (/GC) hit its highest level since mid-June this week. Finally, he notes the impact of China's demand on copper (/HG). Tune in to find out more about the stock market today.
Where To Invest Once Inflation Has Cooled
January 06, 2023 18:43 - 8 minutes - 78.6 MBMany of the headwinds we faced in 2022 will turn into tailwinds during 2023, says Scott Ladner. He talks about areas of the market to watch in 2023. He thinks that the headwinds will play out over the first 3-4 months, making 1Q relatively dicey from an investing standpoint. He notes that peak inflation will build a floor for equities and growth concerns are creating a ceiling. He also talks about how once growth and inflation have cooled, the Fed will stop hiking and rates will fall. He t...
Will Inflation Ever Be Controlled?
January 05, 2023 18:56 - 3 minutes - 54.2 MBThe market is going to settle between 3-5% says Derek Izuel. He discusses if inflation will ever be controlled. He talks about the chances of a recession in 2023. He also notes that stocks and bonds will not be the great diversifier they once were. Tune in to find out more about the stock market today.
Crude Oil Weakness Continues To Start 2023
January 05, 2023 18:49 - 5 minutes - 53.6 MBCrude oil's (/CL) weakness continues to start 2023. Dan Deming discusses the reasons behind the weakness in crude to start the year. He also talks about today's metals movers. He then goes over how treasury yields, FVX, TNX, and TYX, are all falling. Tune in to find out more about the stock market today.
Stock Market Today: CRM, NFLX Strength & MSFT Weakness
January 04, 2023 23:52 - 2 minutes - 45.3 MBDow Jones today finished in the green along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. The stock market closed higher following the release of December FOMC minutes. Next, Renita Young weighs in on Salesforce (CRM) announcing a restructuring plan that included cutting 10% of workforce. Also, Microsoft (MSFT) was downgraded to neutral from buy at UBS. Finally, Netflix (NFLX) stock price saw strength after New Street initiated coverage with a neutral rating and a $304 price...
KO, TGT, PG: Stocks To Invest In 2023
January 04, 2023 19:09 - 6 minutes - 81.4 MBCoca-Cola (KO), Target (TGT), and Procter & Gamble (PG) are three of Chris McMahon's stock picks. He discusses these stocks, as well as areas of the market to keep on your radar. he then goes over what to watch for in 2023. Tune in to find out more about these stocks and the stock market today.
2022: The Beginning Of The Lost Decade
January 04, 2023 18:59 - 7 minutes - 104 MB2022 will likely be looked at as the beginning of the lost decade, says David Stryzewski. He talks about how the markets start 2023 under pressure. He notes that prices in nearly every category have declined due to inflation and the Fed's policy. he also discusses how 2023 will bring us lower lows as the Fed's inflicted recession hits our economy over the next few months. He then goes over what investors learned in 2022 and portfolio positioning in 2023. Tune in to find out more about the ...
The Outlook For the Cooling Housing Market In 2023
January 04, 2023 18:56 - 8 minutes - 67.1 MBWe are seeing signs of easing inflation for customers and are expecting a decrease in 2H23, says Chris Maher. He discusses the economic outlook for 2023. He notes that clients are somewhat apprehensive of a recession but are still hiring and making large capital decisions. He then goes over the outlook for the cooling housing market, as well as how a potential recession will impact small business. Tune in to find out more about the stock market today.
Tesla (TSLA) & Apple (AAPL): Popular Names Take A Tumble
January 04, 2023 18:30 - 4 minutes - 64.8 MBTesla (TSLA) produced 439,701 vehicles in 4Q and delivered 405,278 in 4Q. Renita Young joins Oliver Renick to discuss Tesla. They talk about how vehicle deliveries grow 40% year-over-year to 1.31M in 2022. They also discuss Apple (AAPL) as it was downgraded today. Tune in to find out more about the stock market today.
A Recession Could Set Stocks Up For A Better Second Half Of The Year
January 03, 2023 21:59 - 6 minutes - 59.1 MBThere is the potential for an S&P 500 rally after last year's sell-off, says Rob Fleming. He talks about how markets are mixed on the first trading day of 2023. He also goes over some ecodata to watch, including IS manufacturing, JOLTs, and the December Jobs Report. He then discusses the recession outlook for the new year. He notes that weaker economic trends will likely form heading into 2023 as the Fed battles inflation. Tune in to find out more about the stock market today.
Options Will Continue To Grow Quickly In 2023
January 03, 2023 21:50 - 6 minutes - 71.3 MB10.3B contracts traded up approximately 50% from last year, says Arianne Adams. She talks about 2022's U.S. options market highlights. She notes that traders using near-term options to manage intraday volatility and hedge risk. She then goes over how zero-days-to-expiry options has been the fastest growing segment of CBOE's complex. She also assesses growth in short-dated options, as well as what to watch for in options for 2023. Tune in to find out more about the stock market today.
META, VZ, VWO, LAD: Top Picks For 2023
December 28, 2022 23:06 - 9 minutes - 97.7 MBMeta Platforms (META), Verizon (VZ), Vanguard Emerging Markets ETF (VWO), and Lithia Motors (LAD) are some of David Dietze's top picks for 2023. He recaps market performance in 2022. He also talks about the key factors driving market action such as an earnings recession, the Federal Reserve, inflation, and an economic recession. Tune in to find out more about these picks and the stock market today.
Top Stories That Shaped The Markets In 2022
December 27, 2022 22:01 - 6 minutes - 75.1 MBThere were many top stories that shaped the market in 2022. Renita Young discusses this year's top stories which include Russia's invasion of Ukraine, the Federal Reserve rate hikes, and the FTX collapse. She notes that the Fed hiked rates seven times during the year. Additionally, she talks about how Sam Bankman-Fried has many criminal charges against him including conspiracy to commit wire fraud and money laundering. Tune in to find out more about the stock market today.
Fed In 2022: Transitory Inflation To Aggressive Stance
December 26, 2022 18:25 - 9 minutes - 96 MBThe Federal Reserve in 2022 was forced to move from a transitory inflation message to an aggressive stance to combat it. The Fed hiked rates seven times in 2022. What does the inversion of the yield curve mean for traders? Also, is a recession imminent? "Interest rates are having an impact not only in the United States but globally. This impacted technology stocks. The stock market today is volatile due to the pace of the rate hikes," says Dan Deming.
Gold Drops Back Below $1800
December 23, 2022 17:47 - 5 minutes - 54.8 MBI disagree that this somehow would take us out of a recessionary track, says Bob Iaccino. He examines today's price action in the bond market, and goes over GDP numbers, as well as jobless claims. He also talks about how gold futures (/GC) dropped back below $1800. He then goes over the impact of a strong U.S. dollar (/DX) on gold futures. Tune in to find out more about the stock market today.
IGT, DKNG, EVRI: Why Investors Should Keep Believing In The Gaming Industry
December 22, 2022 18:40 - 5 minutes - 390 MBRegional, Vegas, and online gross gaming revenue is going to remain resilient, says Chad Beynon. He discusses why you should keep believing in the gaming industry. He talks about how Macau's gross gaming revenue will improve in 2023 as policies are loosened. He mentions some top mid-large cap names including IGT, DKNG, and PENN and some top small cap names which include EVRI, NGMS, and RSI. He then goes over gambling trends to keep your eyes on. Tune in to find out more about the stock mar...
Will The Holiday Season Be Jolly For Retailers?
December 22, 2022 17:49 - 5 minutes - 380 MBWill the holiday season be jolly for retailers? Andrew Hogenson discusses what the data says about retail sales during the holidays. He talks about the outlook for the retail sector, highlighting Walmart (WMT). He then goes over how retail return policies could impact consumers. Tune in to find out more about the stock market today.
Stock Market Today: NKE, CCL, BA Strength & MU Weakness
December 21, 2022 23:28 - 3 minutes - 54 MBDow Jones today finished 1% higher along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. Crude oil price rose around 3%. Next, Renita Young weighs in on Nike (NKE) stock price surging after a strong earnings report. Next, Carnival (CCL) rallied after a small-than-expected fourth quarter loss. Boeing (BA) shares rose after being awarded a $2B navy contract and spending bill extending the 737 max approval deadline. Finally, Micron (MU) stock price fell after reporting a mixed ea...
It Could Be An Atrocity: Omnibus Spending Bill & State Of The Labor Market
December 21, 2022 19:02 - 8 minutes - 99.3 MBFirst of all, it's an atrocity, says Stephen Moore. He discusses how U.S. Congress is finalizing a potential $1.7T Omnibus spending bill. He also talks about what trends to watch in the labor market, as well as the reality of the U.S. labor market. He then goes over the biggest economic trends to monitor heading into 2023, highlighting ESG funds versus the S&P 500. Tune in to find out more about the stock market today.
Not All Debt Is Bad: Financial Tips For Young People & Young Parents
December 21, 2022 18:46 - 4 minutes - 58.9 MBLive within your means and avoid debt, says Carrie Schwab-Pomerantz. She discusses financial tips for young people and young parents. She notes that people should spend mindfully by paying attention to where you live and keep your goals in mind. She then goes over good financial accounts for young people, such as a brokerage account to buy and sell stocks, bonds, and mutual funds. She also talks about how young people can manage debt. Tune in to find out more about the stock market today.
Stock Market Today: TSLA Weakness & NKE, FDX Earnings
December 20, 2022 22:45 - 3 minutes - 46.5 MBDow Jones today finished slightly higher along with the Russell 2000. The S&P 500 Index or SPX snapped a 4-day losing streak. Next, Renita Young weighs in on Piper Sandler initiating The Trade Desk (TTD) stock with an overweight rating and a $60 price target. Tesla (TSLA) stock price fell to the lowest level in over 2 years as its CEO, Elon Musk, is searching for a new Twitter CEO. Finally, Young discusses Nike (NKE) beating on earnings estimates and FedEx (FDX) reporting mixed earnings re...
Stock Market Today Still Thinks The Fed Will Be An Inflation Fighter
December 20, 2022 21:11 - 7 minutes - 76 MB"I see higher real yields coming to the detriment of risk assets. There are narrowing breakevens as investors contemplate the challenging year ahead for the global economy. Last week was exemplary of what I anticipate will be the market sentiment in 2023. The stock market today still thinks that the Federal Reserve will be an inflation fighter. Higher borrowing costs are weighing on housing and equity markets. The stock market today is waiting on whether there will be an erosion of demand,...
Recession Could Set Stocks Up For A Better Second Half Of The Year
December 20, 2022 19:15 - 5 minutes - 56.3 MBWeaker economic trends will likely form heading into 2023 as the Fed battles inflation, says Rob Fleming. He discusses how a mild recession may help set up stocks for a better second half of the year. He notes that he continues to recommend that stock picking-oriented investors focus on quality-based factors and long-term investors should remain disciplined. He then goes over the takeaways from today's housing data as Housing Starts & Permits for November 2022 were released today, December...
The Top Global Risks Of 2023
December 20, 2022 18:52 - 8 minutes - 78 MBThe Bank of Japan adjusted its yield curve control on 10-year bond yields. Jeffrey Kleintop discusses this, as well as the top global risks of 2023 which include China's reopening, Central Banks overtightening, Ukraine War broadening, mortgage shock, and a European energy crisis. He also talks about identifying potential economic risks for next year, as well as what China reopening means for the global economy. He then goes over the impact of central bank policy on market performance. Fina...
Don't Fight Price Trends: Lessons Learned From 2022
December 20, 2022 18:33 - 5 minutes - 78.6 MBDon't fight the price trends, says Oliver Renick. He discusses lessons learned from 2022. He looks at the S&P 500 (SPX) and CBOE Market Volatility Index (VIX) to emphasize the volatility in price. He notes that this is still a market where there's a lot of speculation going on and there are still fairly elevated valuations based on earnings potential. He then goes over his risk radar which still has a lot of reds on it. Tune in to find out more about the stock market today.
Patience Is Key: Wait For The Sell-Off To Make Your Move
December 19, 2022 21:20 - 5 minutes - 58.3 MB1H23 will be very challenging, expect markets to make new lows in the coming months, says Eddie Ghabour. He discusses the market outlook as markets fade from session highs. He talks about how patience is key, there will be opportunities but not until we see the sell-off. He also goes over how he expects that many companies will revise their earnings and expectations down. He notes that the cost of capital is high and consumer demand will be down. Tune in to find out more about the stock ma...
Netflix (NFLX) Ad Tier Has A Rocky Rollout
December 19, 2022 21:14 - 9 minutes - 97.6 MBNetflix's (NFLX) ad tier rollout isn't going so smoothly, says Tim Nollen. He discusses the outlook for Netflix (NFLX) in 2023. He believes the service will succeed, but it could take a couple of years to build a large-enough user base. He also talks about how ad-supported audiences will grow as more users switch to the service. Macquarie analysts note that NFLX must give up its higher-priced subs to build a base of lower-priced users to attract the ads. Tim then goes over the state of str...
Crude Oil: SPR Not Meant For Price Or Political Control
December 19, 2022 21:06 - 12 minutes - 136 MBThe Biden administration announced a purchase of 3M barrels of oil to replenish strategic reserves. The crude oil price is getting a lift off the $70 level. "The strategic petroleum reserve is supposed to be maintained for emergency situations and is not meant to be used as a political tool or a price control. Now, these levels are under 400M barrels. High energy and gasoline prices last summer coming into a midterm election cycle and SPR was used to mitigate them along with inflation," sa...
Walmart (WMT), Alrtia Group (MO): Stock Picks Amid Inflation
December 19, 2022 20:48 - 6 minutes - 166 MBRate cuts are unlikely until the Fed is confident that inflation is under control, says Mark Falter. He discusses inflation's impact on the economy. He talks about how the chances of a soft landing are getting slimmer by the day, and he thinks inflation has cooled more than expected at this point. He then goes over his stock picks which include Walmart (WMT) and Altria Group (MO). Finally, he examines liquidity in portfolio positioning. Tune in to find out more about the stock market today...
Interest Rates Pointing To A Recession
December 19, 2022 20:44 - 8 minutes - 77.6 MBAre interest rate buying into the hawkish tone of policymakers like Jerome Powell and the rest of the Federal Reserve? "I am watching the TNX spread from a technical analysis perspective. When interest rates invert that is a sign that we could have a recession. However, a recession with 3% unemployment is odd. There is an impact of a hawkish tone on interest rates. At some points, rates will have to go higher to attract money to continue to finance the debt in the United States," says Chri...
Musk's Twitter (TWTR) Poll Is Having A Negative Impact On Tesla (TSLA)
December 19, 2022 19:30 - 5 minutes - 65.9 MBElon Musk created a poll to see if he should step down as head of Twitter (TWTR) and said he will abide by the results. 57.5% of voters said yes, he should step down. Caroline Woods discusses Musk's future at Twitter. She notes that this move is hurting Tesla (TSLA). Tesla was downgraded to perform from outperform by Oppenheimer. The Oppenheimer analyst said that the negative Twitter sentiment could becoming an "ongoing overhang on Tesla." Tune in to find out more about the stock market to...
FCX, CVX, FRC: Look For Companies With Favorable Balance Sheets
December 17, 2022 20:42 - 4 minutes - 49.2 MBI like companies that can control cost structure, possess pricing power, and grow dividends, says Michael Cuggino. He talks about looking for companies with cash flow and favorable balance sheets. He also discusses how to hedge against recessionary risks. He then looks towards materials, commodities, energy, real estate companies with favorable balance sheets. He notes that GARP stocks FCX, CVX, and FRC are also favorable. Finally, he goes over investment ideas for a slowing economy. Tune ...
Utilizing Leveraged Single-Stock ETFs In A Portfolio
December 17, 2022 20:27 - 8 minutes - 87.2 MBGraniteShares launches a new leveraged single-stock ETFs for META, NVDA, and BABA. Will Rhind, CEO of GraniteShares discusses this. He talks about how to utilize leveraged single-stock ETFs in a portfolio. He goes over how these single stock ETFs provide leverage to underlying companies. Tune in to find out more about ETFs and the stock market today.
Remove Emotional Decisions: Indicators To Watch Entering 2023
December 17, 2022 20:23 - 8 minutes - 77.6 MB17 of the 19 FOMC members are on board with raising rates to 5+%, says Kyle O'Dell. He discusses how the markets continue to sell-off as post-Fed losses mount. He talks about what a hawkish Fed means for the markets. He then goes over key indicators to watch entering 2023, highlighting that the jobs report will eventually get the Fed's attention. Finally, he goes over finding opportunities in fixed income, noting that it is important to remove emotional decisions. Tune in to find out more ...
BAC, VEGBX: Start Moving Back Into The Stock Market If You Are Holding Lots Of Cash
December 17, 2022 20:17 - 7 minutes - 63.1 MBWe continue to be cautious and focus on value over growth in the short-term, says Brian Seay. He discusses the outlook for inflation in 2023. He notes that it's time to start moving back into the stock market and growth in the 1st quarter if you are holding lots of cash. He also talks about how traditional value like staples and utilities have been bid up as investors rotated into those areas this year. He then goes over his market picks which include Bank of America (BAC) and Vanguard Eme...
Cowen Names TFI International (TFII) A Best Idea For 2023
December 17, 2022 20:12 - 6 minutes - 65.1 MBCowen names TFI International (TFII) a best idea for 2023. Jason Seidl discusses this, and talks about how TFII provides freight transportation and logistics services. He notes that TFII's "do more with less" mantra bodes well with a potentially softer environment in 2023. He goes over how the 2023 story will consist of TForce freight opportunities (U.S. LTL) & capital deployment. He then talks about investing in trucking and transportation. Tune in to find out more about the stock market ...
Where Investors Should Turn During Times Of Volatility
December 17, 2022 19:55 - 5 minutes - 55.1 MBThe disconnect between the Fed and investors will lead to volatility, says Ryan Nauman. He discusses what to watch for in 2023. He notes that volatility in equities will continue as economic growth slows, earnings soften and liquidity dries up. He talks about the takeaways from this week's market weakness, as well as what we learned from the Fed's rate hike. He then goes over where investors should turn during times of volatility. Tune in to find out more about the stock market today.
Adobe (ADBE) Earnings: Morningstar Has 4-Star Rating
December 17, 2022 19:52 - 7 minutes - 76.1 MBWe see heightened sensitivity to a possible slowdown within the advertising area in the event of a possible recession, says a Morningstar analyst on Adobe (ADBE). Dan Romanoff spotlights the takeaways from ADBE's earnings, which were released yesterday, December 15th. He talks about ADBE beat on revenue. He then goes other software companies to watch in 2023. Tune in to find out more about the stock market today.
Stock Market Today: TSLA, F Weakness & ADBE Strength
December 16, 2022 22:54 - 3 minutes - 45.9 MBDow Jones today was in the red along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. Stocks slumped for the fourth straight session to close out a negative week. Next, Renita Young weighs in on Tesla (TSLA) stock price falling to the lowest level since November 2020 as CEO Elon Musk's Twitter decisions could be a negative impact. Also, Ford Motor Co. (F) shares fell as the company raised prices on F-150 Lightning truck for the third time this year. Finally, Adobe (ADBE) was a ...
Microsoft (MSFT) Deal With Activision Blizzard (ATVI)
December 16, 2022 21:43 - 5 minutes - 63.1 MB"FTC is claiming that the deal with Activision Blizzard (ATVI) and Microsoft (MSFT) is anti-competitive. If the deal falls through, this will not have a material impact on Microsoft (MSFT). Analysts consider this a vertical acquisition and not a horizontal one," says JP Lee. "The Activision Blizzard (ATVI) deal is under scrutiny in the U.K, E.U, and China. U.K.'s competition and markets authority has moved the deal into a phase 2 investigation. Microsoft (MSFT) will owe a $3B cancellation ...
Bullish On The Stock Market Today If Crude Oil Closes Above $75
December 16, 2022 21:22 - 9 minutes - 64.2 MB"I was slightly surprised at Jerome Powell's hawkish tone, but not the 50BPS interest rate cut. The S&P 500 Index or SPX and Dow Jones rallied into the announcement and from a technical analysis perspective, it is typical for that to reverse. Also, the U.S. oil refiners are reporting higher quarterly profits now than they had prior to the pandemic. Crude oil price is impacted by the Keystone Pipeline leak in Kansas, which shut it down. That makes it the largest Keystone Pipeline leak in hi...
Apple (AAPL) Supplier To Loosen Restrictions & Musk Sells Tesla (TSLA) Shares
December 16, 2022 20:01 - 5 minutes - 78.2 MBApple (AAPL) supplier Foxconn is to loosen Covid restrictions at the Zhengzhou factory. Renita Young discusses this, as well as how AAPL shares are down 20% in 2022. She also goes over how Tesla's (TSLA) CEO Elon Musk sold 22M shares this week. The shares he sold this week are nearly worth $3.6B. Musk has sold almost $40B worth of Tesla (TSLA) stock this year. Tune in to find out more about the stock market today.
Braze (BRZE) CEO On Customer-Centric Interactions With Brands
December 16, 2022 19:48 - 8 minutes - 205 MBBraze (BRZE) is a provider of customer engagement platform that enables customer-centric interactions between consumers and brands. CEO Bill Magnuson joins Oliver Renick to discuss BRZE as it helps brands to listen to their customers, understand them and act on that understanding in a way that is human and personal. He talks about BRZE's earnings were released December 13th, and its 3Q revenue grew 45.6% year-over-year. He then goes over what's next for BRZE. Tune in to find out more about...
Consumers Are Dipping Into Personal Savings More & More
December 16, 2022 19:33 - 6 minutes - 174 MBIt's possible that the Fed may pause rate hikes sometime by the end of the first half of 2023, says Kevin Mahn. He discusses what we learned from the Fed's 50 BPS rate hike. He notes that the pause will allow the Fed to assess the overall economic impact of all the hikes. He talks about how consumers appear to be putting more on their credit cards and dipping into personal savings. He then goes over how to identify potential stock opportunities. Tune in to find out more about the stock mar...
Market Overview: Stocks Sell Off To 1-Month Lows
December 16, 2022 19:17 - 7 minutes - 66.5 MBExpect the Fed to continue to slow the pace of rate hikes, says Collin Martin. He and Kevin Gordon give an overview of the market today as stocks sell off to 1-month lows. They talk about S&P 500 winners which include Lennar (LEN), D.R. Horton (DHI), and Align Technology (ALGN), and losers which include Western Digital (WDC), Nucor (NUE), and Warner Bros. Discovery (WBD). They note that all 11 S&P 500 sectors closed negative. Kevin notes that stocks are building on their post-Fed decision ...
The Duckhorn Portfolio (NAPA) CEO On Luxury Wines
December 15, 2022 21:22 - 7 minutes - 79 MBThe Duckhorn Portfolio (NAPA) is a producer of luxury wines in North America. CEO Alex Ryan discusses NAPA as some of its notable brands include Duckhorn Vineyards, Decoy, Goldeneye, Calera, and Postmark. He talks about how NAPA controls approximately 1,200 acres of estate vineyards across California and Washington. He then goes over holiday trends for wine. Finally, he mentions NAPA's earnings highlights. Tune in to find out more about the stock market today.
Fed Raises 50 BPS & Says Rate Hikes Are Appropriate
December 15, 2022 21:10 - 10 minutes - 93.7 MBThe Fed raises rates 50 BPS. Joe Brusuelas discusses the Fed's announcement. He talks about how the Fed repeated that "ongoing" rate increases are likely appropriate. He notes that only two policy makers project year-end 2023 Fed funds rate to be below 5%. He then goes over how the Fed sees core PCE inflation at 3.5% in 2023 versus 3.1% prior. Tune in to find out more about the stock market today.