pgim investments. shaping tomorrow today. we are back, and under pressure. looking at his investment strategy. are we on solid footing with this market? are we feeling a little dicey? we were 10 out of 11. >> we are not in a downtrend. this is a different point. look back at the previous, all time high. we have gone back to the point that we were at. this was another action. maybe the market has decided that recession is not necessarily in the cards. we are struggling to get above that previous high. there isn't a lot of risk appetite in the market so far this year. it is interesting after such a ferocious rally. >> is this the pause that refreshes? are we taking a break? are we assessing where we are? do we need more earnings to come into the system? can we spin something out one way or the other? >> we have some solid, good news to break above it. we are trying to figure out where we are always cutting in. so far, the idea that has been bullish and supportive. depending on the direction that occurs between now and that meet

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pgim investments. shaping tomorrow today. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. >>> we're back. let's talk some banks. morgan stanley upgrades large cap banks, upgrade goldman and bofa to overweight. they double upgrade citi. jim lebenthal is in that one, too. the banks called, quote, significantly undervalued, recommend investors overweight goldman sachs and jefferies. they recommend bac, citi, morgan stanley and u.s. bankcorp. jim, you own several and like citi. >> you asked the question, what is the one sector that will surprise you. approaching the month of february and i will tell you i think it's financials. you have strong performance. citigroup is higher. gap is higher. can you say the same thing for bank of america and if you look through the entire financial sector, look at what the research firms are doing, i have to tell you something, in terms

pgim investments. shaping tomorrow today. >>> all right, welcome back. we're under pressure today the major averages are after a strong retail sales report sen yields up. that questioned the market's rate cut expectations. our next guest could see mor short side down ahead. chris toomey runs one of the highest wealth advisory teams in the country, joining me here a post 9 welcome back >> thanks for having me. >> you still don't like th market >> i'm still cautious around the market >> why, toomey [ laughter ] >> what's going on here? >> i want to be involved >> what prevents you from bein one? a lot of people have turned. >> a lot of the things w thought was going to happen last year happened, right they were predicting a lot o good things to happen. inflation came down, we didn't go through an economic recession. we had an earnings recession but if you look at earnings, earnings were actually negativ for last year, right so 2.19 in 2022. markets pronounced 2.19, we're expecting 2.15, right in the middle of this financials, big expectations not a really

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pgim investments.day. . >>> bouncing back from the earlier losses, but still to start the year with the ruing down nearly 6%. the founder and the chairman. jeff, it's good to see you. >> you too, mike. you referred to the weakness this morning, what is the premise of that? why does it seem like it is trending on the backside? >> we take this back into the fourth quarter of last year where we had unprecedented breath in terms of the 20 day new highs. what we saw out of the russell 3000, where they need to participate in that. that will help set the stage. we have our trend models that will turn positive in december for the group. and at the same time, what we would hear recently as they got through that affect of the beginning of the year. we are now oversold. oversold conditions in that uptrend particularly after we would have this escape velocity that is bullish. oftentimes you will get that consolidation and we actually had a decent priced pull back. i would just add without rambling here, they have

at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments. shaping tomorrow today. a force to be reckon with. no, not you saquon. hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? that's new! yup, that's how you business differently. >>> welcome back. small caps again sitting on the rally. lagging today and heading for a negative month. our next guest sees five reasons the group is poised for higher the pair. welcome back. nice to see you. >> thanks for having me. >> it looked like it was going to be a great trade. now sputtering around a little bit. what are we thinking? >> even though we are starting off with a bad january after the rally, it does not necessarily mean we will have a bad year. there used to be small caps were january was the best month and it was predictive of the year but we have not really seen that. not necessarily a signal of how the year is going to end u

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at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments. shaping tomorrow today. >>> welcome back. we are in record close. what stocks levitating throughout the weekend. here's another look at where we stand now. the dow up 1.1%. s&p up 1.2%. basically a full percent into a record close territory. under 4800 with the record closing more than two years ago. nasdaq up forming, once again, up 1.6%. let's send it out to scott walker who is live from the american express pga tour event at like kentucky, california. hey, scott. >> a mic. good to see you. thank you so much. new forges energy founder and ceo west edens has his hand all over the economy. infrastructure spending, energy, and of course, through sports. he's the owner, after, all of the milwaukee blocks. we started a conversation today talk about energy. talking about natural gas he's a big believer in. if i asked him about the tremendous collapsing price

pgim investments. shaping tomorrow today. >> we're heading towards quite the finish for stocks on the treasury announcement just a short time ago. the highs of the day across the board, that was good for a little bit more than 230 points as we speak. s&p 500 going for its first ever close above 4900. looks to be on the way of doing that. of course as yields are coming down, the nasdaq is starting to rip a little bit as well. 15,000 6:27. it's the outperform or today, a better than 1%. speaking of, tech stocks, moving. are ticked off the busy week of earnings with all these makeup stocks reporting their numbers this week. microsoft, alphabet, amazon, beta. you know who's reporting this week. let's bring in -- to discuss. these were the top of your holdings as well, what are your expectations? >> the outlook is still positive on all of these names. overall sector positive, but we do recognize a lot of these names have been moved quite a bit already, and it's been just a couple of weeks in the year so som

he's never been in that line, michael collins, senior portfolio manager, debt, at pgim.e of the rose bowl. i'm going to look at the rose bowl here. the bond market. how will yield react off the cpi today if we reaffirm disinflation? where across the yield curve where we -- will we see the biggest adjustment? michael: good money. i'm a football fan, but i'm more excited about today's cpi print. that tells you what a bond geek i am. disinflation is becoming more entrenched. notwithstanding the big jump in freight charges we have seen as a result of geopolitical risk, but you are seeing more evidence that things like housing are starting to unravel a little bit. i think you are seeing more evidence of a big surge in multifamily construction that is still online is going to cause rents to come down. if you have housing at zero, you have goods at zero or negative territory, even if services and wages get stuck in the 4%, inflation in the mid-2%'s, i think you are on that trajectory, and the fed is going to have to play catch up. tom: i have not ask this question in ages, but

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pgim investments.s talk retail, state of the consumer, key focus at the world economic forum in davos last week i sat down with the ceo of william williams-sonoma. the business boomed during the pandemic when everyone was home but the give back for categories like furniture and home goods has been rough across the board. here's what she's seeing right now. >> hasn't been that touch we had a little give back after the surge with covid people still love their homes, they're entertaining at home, cooking at home, and the home is the most important part of their life as we go into 2024, everyone is talking about health and wellness and i think what's exciting is that when you think about home, that's the place where you develop those healthy habits and so, there's a lot that we have in the pipeline to really capitalize on those trends. >> sort of to drive the secular growth at a time where -- i mean, there are questions about americans prioritizing spending for instance, on their homes mortgage rates have

pgim investments.esla begins its cybertruck tour in china and getting a lot of social media buzz there ahead of this trip. eunice yoon joins us live from beijing with more on what's at stake for tesla. hi, eunice. >> hey, mike. the cybertruck is on display at the tesla store behind me. this weekend the company started showcasing the futuristic new vehicle in eight chinese cities including here in beijing. now, tesla continues to be a fan favorite among ev drivers here, despite the fierce competition by local brands. one of the criticisms, though, of tesla is that it doesn't refresh its models quickly enough, especially when compared to some of its chinese rivals. for this cybertruck, tesla had not announced the cybertruck would come to china. elon musk said that would be difficult. one of the issues the regulatory environment, especially around trucks, but one point that was really interesting and picked up on by a lot of the fans is that name of the cybertruck in chinese avoids the word truck, so that

pgim investments. shaping tomorrow today. what is cirkul?uel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. >>> last year at this time salesforce was under heavy pressure by a number of activist investors. over the course of the year many backed down as the company substantially improved profitability and the stock shot up. i sat down with marc benioff in davos where he didn't hold back about the activists environment, ai and a lot more. have a listen. >> i get a lot of calls from my friends who are dealing with activists. it's an industry, activists. activist investors are number one investors, they want to make money. they love money. maybe activist investors make and love money more than anyone i've ever met, so they're just money people. i think you have to kind of get that set right away. they're not going to want to hear about all the things you and i have talked about for decades. >> stakehold

pgim investments.haping tomorrow today. >>> take a look at chips today given everything that's going on, might surprise some to know that the vaneck semi etf all-time high after the guidance from taiwan semi, upgrades, positive sessions for intel, lam research and nvidia and a bunch more flying in the face of some weakness on the dow. we'll get stop trading with jim in a minute. that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. all right. 60 seconds to draw the perfect gift. what's it gonna be? a bottle of don julio, 1942, delivered. delivered with drizly. gifting without the guessing. drizly. in order for small businesses to thrive, delivered with drizly. gifting without the guessing. they need to be smart, efficient, savvy. making the most of every opportunity. that's why comcast business is introducing the small business bonus. for a limit

pgim investments. shaping tomorrow today. i could use a little help.here. huh ♪♪ hey, is this thing hard to learn? nah, it's easy. huh. you know, i think i'm going to ride it home. good thing you chose u.s. bank to manage and grow your money. with our 24/7 support at least you're not taking chances with your finances. yeah, i think i'm gonna need a chair. oh, ohhhh. >>> interesting to watch bitcoin over the course of the week. the blackrock etf first to hit a billion in assets. grayscale's chief says a lot of these are not going to survive as they defend some of their high fees. jim saying -- >> it's going to try to stabilize here. remember $400 billion to $800 billion in the run-up to the etf and only a billion in. i think that there's still, as my friend larry williams would say a substantial sell, if not cliff coming up. >> right. >> stabilize here and then. ptty ear yote. >>reclon that. >> stop trading with jim in a minute. tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab t

pgim investments. shaping tomorrow today. >>> headlines out of the ups conference call. also requiring all employees to be back in the office five days per week this year. in other headlines the company says it's exploring strategic options for coyote trucking brokerage. >>> a busy few days ahead for the markets as investors brace for big tech earnings and the ed's biggest policy decision. john mowery is executive managing director and cio at nfj investment group. john, what do you want to hear from the fed? what's front and center for you this week. >> good to see you, becky. when i look at earnings, i'm expected those to be pretty sang ginn. i think i'm looking at what is the fed going to say. the 13th month where the two-year yield has been below the fed funds rate. why is that important? because the two-year bond rate is telling the fed it's time to cut. if you go back historically we're in the second longest yield curve inversion. those things can be problematic. i'm looking for the fed to use language that could give investors some relief there. that's going to be

pgim investments.e notified members that the $78 billion tax package will get a vote today. joining us now to break down the new bill, gene ross covers tax policy at the center for american progress and ro rohit kumar. thanks so much for joining us. jean, i want to start with you. there has been some analysis from i guess we could say some conservative groups that perhaps show that this could lead to some full time workers switching to part time because of the child tax credit or even some people not working altogether. an estimate that says maybe net 150,000 workers could stop working because of the incentives from this child tax credit. what do you think are the potentials for that? >> i think we should look at the upside of these improvements, which is 16 million children, more money in the households helping parents to pay the rent with food on their children's table. there is a large body of research on the question of what do these credits mean for work, both the child credit, long time earned in

at pgim, finding opportunity in fixed income today, helps secure tomorrow.rience, helps investors meet their goals. pgim investments. shaping tomorrow today. >>> let's get to dom chu. what are you watching? >> a lot of earnings headliners. a slate of do you components. let's see how many we can get through. we'll start with general electric, shares are down right now just about 3.5%. the restructured industrial conglomerate specializes in air row -- aerospace. first quarter forecast did fall shy of the expectations. now on to the dow components, shares of procter & gamble up about a percent or so right now. the consumer product giant behind products like tide and pampers reported adjusted earnings $1.84. some are still parsing through it. revenues slightly below forecast and reaffirmed full year sales forecast. shares up 1.5%. on the telecom front, verizon is up. it forecast full year profits ahead of estimates. verizon was helped by much stronger than expected growth in new post paid wireless phone subscribers, people who pay a bill as opposed to prepaying

pgim investments. shaping tomorrow today. with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com >>> now for a look at in weekend's nfl playoff games and the betting landscape, let's bring in patrick reece, director of the sports business program at washington u in st. louis. he is also the ceo of sports impacts in a market scale sports business contributor. patrick, it's good to see you. i think the most interesting -- not the most interesting thing, but the super bowl is x amount of betting dollars. that's coming up, and then the playoffs are -- there's a rule of thumb four times the amount? and what does that come out to? $64 billion. >> yeah, if you base it on last year's numbers, joe, talking to some of my sources in the industry. last year's super bowl the betting is 16 billion. the betting on the rest of the nfl playoffs is 4