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good to see you, ari research chief investment separatist, sam stovall is. how are ya? value what you bring to the table, and pnc financial, national bank of canada and koh loan frost bank. tell us why you -- can koh loan frost bank. >> we have what we call five-star or best buy, strong buy recommendations on each of these stocks. and, you know, everyone's been talking about the magnificent seven, they've been talking about technology, communications services, consumer discretionary, but sneaking up in the pack, so what you could say with honorable mention, is the financials area. and you just articulated the performances. but each of these banks come in a sub-industry that is above their 10-week as well as 40-week or 50-day and 200-day moving averages, so there's good momentum behind them. with pnc financial, it still trades as a sub-10 persian -- p if e, it offers a 4.6% dividend yield, and our analyst really likes it because the business model is supported by consistent earnings performance, a large scale company, revenue if diversity as well as limited concentration
good to see you, ari research chief investment separatist, sam stovall is. how are ya? value what you bring to the table, and pnc financial, national bank of canada and koh loan frost bank. tell us why you -- can koh loan frost bank. >> we have what we call five-star or best buy, strong buy recommendations on each of these stocks. and, you know, everyone's been talking about the magnificent seven, they've been talking about technology, communications services, consumer discretionary, but...
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Dec 28, 2023
12/23
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charles: sam stovall, wall street legend will let you know what to do.nners ride, baby. that is what he always says. he will share that and a whole lot of his market wisdom right after this. ♪. [ applause ] the day you get your clearchoice dental implants changes your struggle with missing teeth forever. it changes how you eat, how you feel, and how you enjoy life. it changes your smile and how others smile at you. clearchoice network doctors have changed over 100,000 lives with dental implants, and they can change yours, too. because a clearchoice day changes every day. schedule a free consultation. we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a life insurance polic
charles: sam stovall, wall street legend will let you know what to do.nners ride, baby. that is what he always says. he will share that and a whole lot of his market wisdom right after this. ♪. [ applause ] the day you get your clearchoice dental implants changes your struggle with missing teeth forever. it changes how you eat, how you feel, and how you enjoy life. it changes your smile and how others smile at you. clearchoice network doctors have changed over 100,000 lives with dental...
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sam stovall, it's always great to see you. like the picks. very you unique -- very unique. monday, fran drescher going to be joining liz talking about the actors' strike and the aftermath. that is on monday. that's it for me. next is "can kudlow." ♪ larry: hello, folks, welcome to "kudlow." i'm larry kudlow. all right, hunter biden indicted again, nine new tax charges in california. could be facing up to 17 years in the poke key. fox news' jonathan hunt standing by for us with much more. jonathan, what can you tell us? as though we don't already know. [laughter] >> reporter: well, what we're all wondering, larry, right now is when hunter biden will make his initial appearance. we know that it will be in the federal courthouse behind me. in theory, it could be anytime now. in practice we believe most likely it will be early next week that he comes here to face those nine tax-related charges that include, by the way, three felonies. now, the bottom line according to the special prosecutor, david weiss, is that hunter or biden, quote, spent millions of dollars on an extravagan
sam stovall, it's always great to see you. like the picks. very you unique -- very unique. monday, fran drescher going to be joining liz talking about the actors' strike and the aftermath. that is on monday. that's it for me. next is "can kudlow." ♪ larry: hello, folks, welcome to "kudlow." i'm larry kudlow. all right, hunter biden indicted again, nine new tax charges in california. could be facing up to 17 years in the poke key. fox news' jonathan hunt standing by for us...
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Dec 26, 2023
12/23
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for more let's bring in sam stovall from cfre research. what's not to like?s. what else do you want, sam, in order to fuel the optimism? >> good morning to you, contessa. i think basically the market is being drawn higher, like a tractor toward its all time high. once we do eclipse that prior high, thereby including the bear market that started in the beginning of 2022, we will probably advance by about 10% over the coming four-month period, but i do think we're likely to be digesting some of those gains before we actually start to move higher earlier in the year. just when you look to the percentage of stocks above their 50-day moving average, the industries within the 500, et cetera, i think we have had a bit too much of the egg nog. so as a result we need to sleep some of that off. >> if it's a wonderful life, as investors seem to think it is, what sectors do you think prove there's some opportunity, sam? >> well, i think because we are expecting not to have a recession, that we do look for economic growth to continue in 2024. i'd be looking for the also r
for more let's bring in sam stovall from cfre research. what's not to like?s. what else do you want, sam, in order to fuel the optimism? >> good morning to you, contessa. i think basically the market is being drawn higher, like a tractor toward its all time high. once we do eclipse that prior high, thereby including the bear market that started in the beginning of 2022, we will probably advance by about 10% over the coming four-month period, but i do think we're likely to be digesting...
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Dec 26, 2023
12/23
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here with us is sam stovall -- sam stovall, cfra research's chief investment strategist. continue on, or is there something that can throw off this rally? sam: hi. actually i think the old high on the s&p 500 is acting like a tractor beam, sort of pulling up the index. i think we will not stop until we make that final 20 points from where we are right now which would end up concluding the bear market that we endured in 2022. then i wouldn't be surprised if the market takes a breather, digests some of these gains for advancing because historically, the market tends to rise another 9.5%, 10% in about three to four months after recovering all that it lost in the prior bear market. sonali: there has certainly been a bit of euphoria in the market this idea that the animal spirits are back with the idea that the rate hiking cycle not only is coming to an end, but potentially pivoting. what happens when the fed actually starts to pivot? how much of the enthusiasm is priced in? sam: a lot of it is priced in, investors are anticipate her's and that's why on average, we have had a
here with us is sam stovall -- sam stovall, cfra research's chief investment strategist. continue on, or is there something that can throw off this rally? sam: hi. actually i think the old high on the s&p 500 is acting like a tractor beam, sort of pulling up the index. i think we will not stop until we make that final 20 points from where we are right now which would end up concluding the bear market that we endured in 2022. then i wouldn't be surprised if the market takes a breather,...
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Dec 19, 2023
12/23
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. >> let's continue the market conversation, cfre research strategist sam stovall with us, target of> good morning, carl. good to see you. >> i wonder, you make the point that if s&p manages to notch an all-time high there might be a little momentum on the upside rather than the downside. >> absolutely. history would basically tell you, but, obviously, not guarantee, that when we hit a new all-time high and recover everything we lost from the prior bear mart, that there's a greater likelihood of a 5% advance than there is a 5% decline, and that essentially we have seen every move above that prior bear market level to be positive in a sense, you know, it's not as if we then just turned right around immediately and ended up selling off. >> you think the market right now is leaning too much on multiples, or can earnings ratify this good mood next year? >> well, prices lead fundamentals and right now i believe that prices are leading fundamentals we're looking for earnings about 243 for the s&p 500 in 2024. we are at about 20 times forward earnings, which is -- might seem a bit pricey if
. >> let's continue the market conversation, cfre research strategist sam stovall with us, target of> good morning, carl. good to see you. >> i wonder, you make the point that if s&p manages to notch an all-time high there might be a little momentum on the upside rather than the downside. >> absolutely. history would basically tell you, but, obviously, not guarantee, that when we hit a new all-time high and recover everything we lost from the prior bear mart, that...