Latest news with #KevinGordon
CNBC
21-05-2025
- Business
- CNBC
Charles Schwab's Kevin Gordon: 'Idiosyncratic risk' for certain companies will be dominant theme
Kevin Gordon, Charles Schwab senior investment strategist, joins CNBC's 'Closing Bell' to discuss consumer signals, what they means for earnings and market moves as stocks get pinched by yields, and more.
Yahoo
12-05-2025
- Business
- Yahoo
Trump talks US-China deal, Affirm COO on guidance: Catalysts
Madison Mills is joined by guest host, Charles Schwab senior investment strategist Kevin Gordon, as they cover the morning's top economic and market stories on Catalysts. UBS Asset Management portfolio manager and head of multi-asset strategy Evan Brown addresses the market (^DJI, ^IXIC, ^GSPC) rally being seen Monday morning after US and China officials agree to a 90-day tariff truce. Affirm (AFRM) COO Michael Linford comes on the program to talk about the buy now, pay later platform's latest earnings and guidance figures, while also sharing his outlook on consumer credit. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
07-05-2025
- Business
- CNBC
Fed's first interest rate cut this year may happen in the fourth quarter: Charles Schwab
Kevin Gordon of Charles Schwab shares his view on the Fed's rate cut trajectory this year, AI's impact on American jobs, and the U.S.-China rivalry.
CNBC
05-05-2025
- Business
- CNBC
U.S. could start to see near-term weakness in leisure and hospitality, says Charles Schwab's Gordon
Kevin Gordon, Charles Schwab senior investment strategist, joins 'Closing Bell Overtime' to talk the day's market action.
Yahoo
09-04-2025
- Business
- Yahoo
A diminished ‘Magnificent 7' tests Big Tech's role in the market: Morning Brief
Even before the stock market strapped into the tariff roller coaster, Big Tech was on a bumpy ride. The start of the year coincided with an unwinding of the AI trade. Trillion-dollar tickers composing the Magnificent Seven devolved from Wall Street's jet fuel into dead weight. Some forecasters lowered their S&P 500 year-end levels, weighed down by the leaden baggage of the 'Maleficent Seven," including the massive costs of AI development, Deepseek's surprise success, and what (at the time) was the looming threat of new levies. But as the AI trade cooled, the Magnificent Seven still tracked the growth trajectory of the market, even accounting for their concentration in the S&P 500. It wasn't (and still isn't) a controversial thing to say that many of the valuations of the largest companies were inflated by a combination of AI mania, FOMO trading, and the animal spirits wafting around talk of a soft landing. Fast-forward a few weeks and several panicked trading sessions later, and the Magnificent Seven has been cut down to size. But the relief that arrived this week, though fleetingly measured in hours on Tuesday, highlighted just how important these stocks remain, even in their diminished state. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy While last week's announcement probably squashed any hope that these stocks are simply too big to fail, taking the market down with them, a better read might just be that they remain big, powerful, lucrative, and are well-positioned for a market of attrition. These stocks have a history of playing a defensive role. As Citi's Scott Chronert wrote in December during a similar Magnificent resurgence, they have the potential to take up that mantle "when you get concerned about other things at work in the market and the economy." Schwab's senior investment strategist Kevin Gordon also noted at the time that the Magnificent Seven can handle higher rates with the cash on their balance sheets — and coming in every quarter. Rather than only being seen as the S&P's vanguard, accounting for roughly one-third of its weighted market cap, the mega tickers are like a big tree that investors sometimes scramble to get under. But what this means during an international trade incident isn't clear. Nvidia, Apple, Microsoft, and their peers aren't defensive stocks in the traditional sense of the term — and certainly not insulated from tariff shocks due to their global supply chains and international operations. Optimism over a dovish White House saw Magnificent Seven stocks rise on Tuesday before those hopes were dashed when news broke that tariffs on China would, in fact, rise to 104%. Clearly, the Magnificent Seven aren't sheltered from the volatility of the market. Their outsized heft amplifies the twists and turns because their valuations have so much gravitational pull on many portfolios. But even if their businesses are entangled abroad, they also may have more resources to weather months of uncertainty and the margins to better absorb whatever cost hikes ensue. Being enormous, cash-rich, and with sprawling businesses — a good offense — may turn out to be a fine defense. The massive American enterprises with global footprints create their own market conditions. Sure, their tickers have come down and may continue to go down, perhaps a lot. But the companies aren't going anywhere. Hamza Shaban is a reporter for Yahoo Finance covering markets and the economy. Follow Hamza on X @hshaban. Sign in to access your portfolio
