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May 7, 2024
05/24
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lets speak to sam stovall, chief investment strategist at cfra here in new york. thanks forjoining us. we have seen the dowjones trying to push forward on hopes that maybe the us economy is not overheating, can it sustain that? i is not overheating, can it sustain that? 4' ., that? i think it will. right now the market is focused _ that? i think it will. right now the market is focused on _ that? i think it will. right now the market is focused on recapturing l market is focused on recapturing what it lost in the 5.5% pull—back we experienced since reaching the 22nd all—time high on the 28th of march, and our expectation is we could continue to see us gdp growth in the 2% area but then also see inflation continue to come back down, allowing the fed to cut interest rates at least twice by the end of the year. is interest rates at least twice by the end of the year.— end of the year. is there a risk that it overshoots? _ end of the year. is there a risk that it overshoots? americans| end of the year. is there a risk - that it overshoots? americans saved up tha
lets speak to sam stovall, chief investment strategist at cfra here in new york. thanks forjoining us. we have seen the dowjones trying to push forward on hopes that maybe the us economy is not overheating, can it sustain that? i is not overheating, can it sustain that? 4' ., that? i think it will. right now the market is focused _ that? i think it will. right now the market is focused on _ that? i think it will. right now the market is focused on recapturing l market is focused on recapturing...
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May 13, 2024
05/24
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let's bring in cfra's chief investment sam stovall. am, what was the target before that adjustment and what about the reaction to the april drawdown impressed you so much? >> hey, charles. the target before was 5250. so our expectations have been improved. it is also a couple months since we made that prior target. so what we like to do is continue to have a rolling 12 month target so our analysts can decide whether a stock's intrinsic value is a buy, a sell or hold. charles: i love the notion of a rolling 12-month target. i think that makes a whole lot of sense. let's talk about the leadership in the rebound because it has been a little unique. the dynamics of the market the last 30 days versus the first quarter. again growth played less of a role. you've got energy, you've got utilities, can these names though continue to lead the way? >> yes they do. history tells us after we've recovered from a decline of five to 10% or what i call a pullback it's those sectors that led the way from the bottom to that recovery level that then conti
let's bring in cfra's chief investment sam stovall. am, what was the target before that adjustment and what about the reaction to the april drawdown impressed you so much? >> hey, charles. the target before was 5250. so our expectations have been improved. it is also a couple months since we made that prior target. so what we like to do is continue to have a rolling 12 month target so our analysts can decide whether a stock's intrinsic value is a buy, a sell or hold. charles: i love the...
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May 7, 2024
05/24
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lets speak to sam stovall, chief investment strategist at cfra here in new york. thanks forjoining us. we have seen the dowjones trying to push forward on hopes that maybe the us economy is not overheating, can it sustain that?
lets speak to sam stovall, chief investment strategist at cfra here in new york. thanks forjoining us. we have seen the dowjones trying to push forward on hopes that maybe the us economy is not overheating, can it sustain that?
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May 16, 2024
05/24
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joining me now is arun at cfra research. arun, this is a big story because it is an economic bellwether for close to 70% of the u.s. economy. what are you watching for out of walmart? >> hey, dom. we are expecting another strong quarter for walmart. this is a lot of positive momentum behind walmart. in-store sales are strong with the tough economic area. we see strong numbers in grocery with 60% of the business. they have a general merchandise operation and the third-party marketplace. we think the general merchandise is doing well. we still think walmart is getting share in the category. the growth of the online business is helping fuel the walmart plus subscription model. we feel that is the way to attract and retain higher-income households it retained over last few years. lastly, the model is changing. they are getting into alternative revenue streams. it is. >> growing advertising business. it is also getting into data monetization. i think over the next few years, we see operating margins expand. we are positive for th
joining me now is arun at cfra research. arun, this is a big story because it is an economic bellwether for close to 70% of the u.s. economy. what are you watching for out of walmart? >> hey, dom. we are expecting another strong quarter for walmart. this is a lot of positive momentum behind walmart. in-store sales are strong with the tough economic area. we see strong numbers in grocery with 60% of the business. they have a general merchandise operation and the third-party marketplace. we...
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May 29, 2024
05/24
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charles: so on may 8th, the cfra increased their 12 month target for the s&p 500. remember, it was 5600. they had been at 5250. that new target was informed by three things, fundamental, technical and historical factors. i want to bring in now their chief investment strategist sam stovall because, sam, you know, today not withstanding this market has been on absolute tear since you guys increased your target. it was prescient obviously. i want to go back down the checklist to educate the audience. what made you make the move? for instance, let's start with fundamentals, what fundamental improvement. s you see at the time that gave you the comfort and confidence for you to make that move, you and your team? >> first off, charles, let me say happy anniversary. i always thought you were a 10. charles: [laughter] thank you very much. >> in terms of forecasts, what we do we maintain a rolling 12 month price target mainly because our equity analysts look 12 months down the road and they compare the intrinsic value of the stocks that they follow and if the value of that s
charles: so on may 8th, the cfra increased their 12 month target for the s&p 500. remember, it was 5600. they had been at 5250. that new target was informed by three things, fundamental, technical and historical factors. i want to bring in now their chief investment strategist sam stovall because, sam, you know, today not withstanding this market has been on absolute tear since you guys increased your target. it was prescient obviously. i want to go back down the checklist to educate the...
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May 23, 2024
05/24
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angelo zino covers nvidia for cfra. joins us now. first of all, once again, a beat and a raise. your reaction to this one? angelo: not surprised, right? it was definitely some concern going into the quarter about what the guidance would look like. i think everybody knew it was going to be a beat in terms of the quarter. in terms of the guidance, i think there was concern going ahead of that blackwell launch later this year, whether the momentum, you know, for these chips, would be able to hold up. not only are we seeing at hold up, but the momentum continues to get even stronger than it had been earlier this year. i think that is a testament of kind of where, you know, the enterprise space is. where these cloud service providers continue to significantly invest, which we told investors we do believe there is kind of an ai war going on. all of that is continuing to drive this strong demand for nvidia's gpu's. jonathan: that is microsoft, alphabet, amazon. when we talk about runway, how long is that here? angelo: i think that is the answer everybody wants. it is kind of like, when
angelo zino covers nvidia for cfra. joins us now. first of all, once again, a beat and a raise. your reaction to this one? angelo: not surprised, right? it was definitely some concern going into the quarter about what the guidance would look like. i think everybody knew it was going to be a beat in terms of the quarter. in terms of the guidance, i think there was concern going ahead of that blackwell launch later this year, whether the momentum, you know, for these chips, would be able to hold...
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May 6, 2024
05/24
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finally cfra downgrading live nation to hold citing investor worry about overhang of the doj's review of the business practices. 10 leon saying this. unearned revenue on future concerts was 4.4 billion we are positive on live nation sponsoring 80 plus worldwide concerts and 24 for the errors tour and other big artists that benefit ticketmaster and select venues. can joins us now. let's talk by the overhang first before the reasons to be positive. this doj overhang what you think the end result will be. >> i think there will be tweaking in terms of best practices for ticketmaster. i want to set the stage as there's 18 to 21 analysts we went to a hold prayed there still the euphoria of consumers moving from products to experiences and liberty media on 23%, all the media analysts just have fatigue with video streaming. so why not live nation. we beg to differ because the businesses are kind of different. concerts is almost like the supermarket of lost leader. over 80% of revenue but doesn't really make money. that feeds into advertising and sponsorship. ticketmaster, the tickets are only
finally cfra downgrading live nation to hold citing investor worry about overhang of the doj's review of the business practices. 10 leon saying this. unearned revenue on future concerts was 4.4 billion we are positive on live nation sponsoring 80 plus worldwide concerts and 24 for the errors tour and other big artists that benefit ticketmaster and select venues. can joins us now. let's talk by the overhang first before the reasons to be positive. this doj overhang what you think the end result...
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May 10, 2024
05/24
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joining us right now is sam stovall, chief investment strategist at cfra and, sam, you're feeling a little better about the markets i think joustust over the last k or so. you're raising your 12-month price target for the s&p 500 by more than 8% i think now you're looking for 12-month price target of 56.10, up from 52.50. what gives you that confidence >> good morning, becky first off, people might think of the 56.10 number and say, gee, which mushrooms has he been chewing on but actually as you said, it really represents about an 8% advance and i think what is encouraging is we are continuing to see earnings come in better than expected, not only for 2024, but also now in a near 15% projected advance for 2025, we're seeing the economy be -- show trends that we could be seeing inflation come down a bit further. and also i think this relief rally has been continuing triggered by fed chair powell's comments that a rate hike is highly unlikely. so, i think this bull market is maintaining its upward trajectory and will do so over the coming 12 months. >> okay. what would change your mind? if w
joining us right now is sam stovall, chief investment strategist at cfra and, sam, you're feeling a little better about the markets i think joustust over the last k or so. you're raising your 12-month price target for the s&p 500 by more than 8% i think now you're looking for 12-month price target of 56.10, up from 52.50. what gives you that confidence >> good morning, becky first off, people might think of the 56.10 number and say, gee, which mushrooms has he been chewing on but...
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May 9, 2024
05/24
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cfra maintaining a positive fundamental outlook on the chip industry. the commerce department's blacklist of huawei won't negatively impact u.s. firms, writing, we anticipate no change to qualcomm's revenue outlook as the company cited that it planned to completely stop shipments to huawei by the end of the year. the impact on the industry isn't a needle mover, china remains a long-term risk to the supply chain. investors should expect more sanctions through the pipeline. mandeep singh, good morning. chipmakers are navigating choppy waters in china. mandeep: it may help qualcomm. they were gaining traction on the premium side. remember, they used android, and all of the oem makers like samsung, apple, weigh weight competitors in china use qualcomm processors. if you are sanctioning qualcomm from supplying the modem and connectivity chips, also part of their business, that actually helps the other android makers who may see more business. qualcomm benefits. intel, i'm not sure. if you aren't providing the cpu that goes into a way weight laptop -- into a
cfra maintaining a positive fundamental outlook on the chip industry. the commerce department's blacklist of huawei won't negatively impact u.s. firms, writing, we anticipate no change to qualcomm's revenue outlook as the company cited that it planned to completely stop shipments to huawei by the end of the year. the impact on the industry isn't a needle mover, china remains a long-term risk to the supply chain. investors should expect more sanctions through the pipeline. mandeep singh, good...