laffer tengler investments ceo nancy tengler, we love having on because your detail about leaders, but also the macro impact of tech. are you worried about any jitters and what that means for the s&p and broader benchmarks? nancy: i don't think i'm a ball. there are plenty of times where you want to hedge your portfolios or get out, but i don't think this is one of them. i think use weakness in some of these names that there is a selloff. we will get a correction, and that will be healthy for the market. i think then you want to add to names you don't own or don't think you own enough of. you heard, you just had a great interview on palantir. that was an extraordinarily bullish report for the monetization of generative ai. the naysayers have been fleeing the tech trade for the last four years that i can remember. it might be even longer. and every time technology comes back. we have talked about how they are the new defensive names because they generate reliable earnings growth. we have seen that again this earnings season. caroline: what has been interesting is perhaps some of the com

katie: that is nancy tengler. x is teaming up with the wwe for an exclusive weekly series. we speak to bret white's head of partnerships and talents next. this is bloomberg. ♪ personalized financial advice from ameriprise can do more than help you reach your goals. i can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. katie: x is getting into the ring with wwe. the exclusive series called wwe speed will debut on the social media platform this spring. and i'm thrilled to say that joining us now is brett weitz, x head of partnerships and talent. >> this is the next step, right, in the x platform, becoming more video focused. and i think i understand the deal, right. wwe produces the content. you guys are the distribution platform. and then there's an element of revenue share. so i guess thi

joining us now, nancy tengler.more, but for now, take what the market's giving us, right? >> yeah, i think so, charles. i mean, as you know, i've drawn an analogy to the 1990s, the market and the economy. and one of the things that's i putting a floor under this market is share buybacks which really became a thing in the 1990s with the entrance or emergence of the shadow banking system. that's one issue. the other issue brian belski nailed, the balance sheets. these companies have really sound balance sheets, and they actually benefited for the most part from hire interest rates because they earned more cash on the balance sheet. so we've seen in this earnings season that companies are monetizing a.i. watch adobe next week with. i think you want to continue to be exposed. don't chase them, but don't jump out just because people are saying the market's going to broaden. by the way, they've been saying that for three or four years. charles: they have been. i mean, it's like the person that says the end is near. maybe

i want to bring in nancy tengler.how about these names haven't become de facto defense stocks whereas in the past someone may have hit up utilities or staples or real estate, now people actually hide out in these names. but but there's -- if they don't deliver, could that actually be sort of a double whammy for investors? >> it could, charles, for sure. but i think what we're seeing from these companies is that they're delivering on earnings growth. and if you just look at a your over year earnings growth with about 350 companies reporting this quarter, tech's up 21.2%, and margins are expanding. communications services up 54%, and consumer discretionary if up 33. so i think these are places where you can successfully hide out and use weakness to be add a to the names, because that's exactly what the companies are doing. you know, or we've talked in the past about a share buybacks announced at the mag seven, and that was about 190 billion, but we're seeing more share buybacks being announced across sectors and industr

how much longer can the stocks keep the broader market on its back let's talk to nancy tengler and jamesy, how long longer can this keep going >> thanks for having me, frank this market is similar to the 1990s. labor shortage and companies spending on productivity and generative a.i if you look at the magnificent seven and we think the rally has broadened out as you pointed out, but you see higher earnings growth in 2024 22% for the magnificent seven against 7.9% for the remaining 493. margins will expand by 22% against 11% for the rest of the market in the '90s, technology continued to power all decade long with higher interest rates at 5% to 7% on the ten-year note this can carry on much longer as we saw from nvidia with triple in earnings and sales. a pe still achievable. >> you are hitting us with a lot of numbers i want to give one back to you year to date, we have been talking about the stocks in the magnificent seven. is that a sign of concern and do you see the broaden? >> i don't known all of the magnificent seven. you want to broaden out now. you mentioned other names likes ado

elizabeth: nancy tengler, you're terrific. thank you so much. >> you too, liz. elizabeth: special counsel robert hur's report on the president basically recklessly storing u.s. secrets is hitting the impeachment inquiry. lawmakers demand information on whether the president kept ukraine and china top secrets for the families overseas business deals. congressman andy biggs on house oversight is here next on "the evening edit". meet the jennifers. jen x. jen y. and jen z. each planning their future through the chase mobile app. jen x is planning a summer in portugal with some help from j.p. morgan wealth plan. let's go whiskers. jen y is working with a banker to budget for her birthday. you only turn 30 once. and jen z? her credit's golden. hello new apartment. three jens getting ahead with chase. solutions that grow with you. one bank for now. for later. for life. chase. make more of what's yours. if your business needs a new application then developers will have to write code. a lot of code. if an application needs to be modernized then you'll n

. >> nancy tengler, time to a nine seconds left in the program.> "the exchange" getting ready for "power lunch." if she is happy, i will join her if she will have me. that is "power lunch," on the other side of this quick break.