Latest news with #MylesUdland
Yahoo
04-04-2025
- Business
- Yahoo
Tariffs, bank earnings, CPI & PPI, FOMC minutes: What to Watch
Yahoo Finance Head of News Myles Udland breaks down the top stories to watch this weekend and next week. President Trump's baseline 10% tariffs are set to take effect Saturday, April 5, and reciprocal tariffs will take effect Wednesday, April 9. Big banks will kick off earnings season next week, with JPMorgan (JPM), Wells Fargo (WFC), and Bank of New York Mellon (BK) to release earnings on Friday, April 11. Other companies will also be releasing earnings throughout the week, including Levi Strauss (LEVI), Tilray (TLRY), and Delta (DAL). Fresh inflation data will be coming out next week, including the Consumer Price Index (CPI) on Thursday, April 10 and the Producer Price Index (PPI) on Friday, April 11. Finally, on Wednesday, April 9, the Federal Reserve will release the meeting minutes for its most recent FOMC meeting. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Right, time now for what to watch next week. Let's start off on the tariff front and as the market sell off continues, President Trump's liberation day tariffs are set to go into effect over the weekend and next week a 10% tariff on all countries takes effect at 12:01 a.m. Eastern on Saturday and individualized reciprocal tariffs are scheduled for midnight on Wednesday. On the earning side, another season is kicking off, big banks leading it on Friday. JP Morgan Wells Fargo and Bank of New York Mellon will all report their results. We'll also get results from companies including Levi's, Delta and Carmax throughout the week. Now, over on the economic data side, we'll get fresh inflation data out next week with the consumer and producer price indexes, CPI coming on Thursday. Economist forecasting total CPI to slow to 0.1%. Core CPI ticks up to 0.3% on a month over month basis. On the producer side, PPI out on Friday, economists see total and core PPI increasing to 0.2% and 0.3% respectively. And finally, the Fed will release the minutes from March's FOMC meeting on Wednesday, the minutes giving us more insight into the discussions and deliberations held at the Fed ahead of its interest rate decision to hold rates steady earlier or last month, I guess now at this point. All right, that's going to do it for market domination today. Huge thanks as always Corey Johnson. Joebus. Thanks for stopping by for the full 90. That was fun. Couldn't imagine a more momentous day to have that fun. Thank you. Thank you. Sign in to access your portfolio
Yahoo
04-04-2025
- Business
- Yahoo
Small caps could be good buys in tariff-fueled bear market
Glenmede vice president of investment strategy Michael Reynolds joins Market Domination with Yahoo Finance Head of News Myles Udland, Epistrophy Capital Research chief market strategist and host of "The Drill Down Podcast" Cory Johnson, and RSM chief economist Joe Brusuelas, to explain the market reaction to US President Donald Trump's new tariffs and outline why small-cap stocks could gain. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Michael Reynolds, VP of Investment Strategy at Glenmede. Michael, I want to get you in here just on how you guys have tried to think through what we've seen over the last 48 hours in markets, what you've talked about internally with clients, and how you're trying to get your head around what's, you know, getting close to a 10% drop here in the S&P in just two sessions. Well, we knew we were heading for some volatility here when, uh, liberation day, so to speak, came around. And the expectation was perhaps we'd get a little bit more certainty on trade policy. To some extent, we actually did, but when one question was answered, it seemed to bring up two more. The biggest of that is, well, okay, we've got the details on what reciprocal tariffs mean now, but what does that mean from here? I mean, countries, some of our trade partners can take one or two paths. They can either bring their rates down and maybe we soften the impact of these tariffs, or maybe they ratchet things higher by putting in tariffs of their own. And so we have so many different questions of where things could be going here. The uncertainty is really here to stay for the near term. So it really doesn't surprise us to see a lot of this volatility when you have really a regime shifting change to global trade, when globalization has become such a big theme over the past two decades. Upturning that is really having some implication for risk assets. I don't know if it's liberation day or obliteration day. It seems like the latter. I mean, I'm just going to go with it is the latter. We can see what's happened to the market here in these last few obliteration days. Um, am I right to focus on when I'm looking for companies that are going to feel the most pain? Am I right to focus on companies that are producing in I'm looking at the 10k of a company. Since I already mentioned one of my shorts, I won't mention this one, but, uh, 91% of our revenues in fiscal '24 are from Malaysia, Mexico, Vietnam, China, Indonesia, and Taiwan. That's not good. So we think there's two ways to look at this. You can look at the direct impact and you can go down that thought process where you look at the companies that are exposed to foreign trade, and really there's nowhere to hide anymore because there's 10% universal tariffs and maybe higher for your Vietnams, your Southeast Asia. But the other part of this is if other countries are going to retaliate, maybe they're going to go after the US cash cows, which is like I would call Big Tech, Mag 7, whatever you want to call it. That's really a big driver of our economy, and if we're going after big drivers of their economy, that's sort of what's vulnerable on the US side. So we're thinking through both indirect impacts as well as the direct impacts, and it's it's really quite a lot all at once. So it's again, not surprising to see a lot of this volatility to the extent we have. All right, this is probably impossible to do, but give us a couple names that are being unduly punished so we can sort of finish maybe on an encouraging note today. Sure. I don't know about specific names, but we're looking at small cap in particular, which has gotten hit really hard in this environment. We sort of liked small caps on some interesting valuations to start the year, and if you liked them then, you're certainly going to love them in a bare market here. But what we've got to watch closely here is where the earnings are going to go, because if things get cheap on earnings that just haven't been adjusted for what the tariffs could do here, maybe you're catching a falling knife so to speak. We're starting to think about that a little bit. And the reason is, Lex, small cap, for the uninitiated out in the audience, is they don't have the exposure to the external sector on tariffs on imported goods for the most part, right? For the most part, yeah. I mean, they're more domestically focused. A smaller portion of their revenues relative to larger cap companies are exposed to to foreign trade. There is some argument to be made that larger companies perhaps are a little bit more dynamic in resourcing their supply chains, and we think there's some truth to that, but at what point does the sell-off get too much? We're starting to have those conversations, and really we're looking at the things that are down the most, and small caps are fitting that bill. You know, Michael, I'm curious. We got a minute here to the bell, and I want to be quick, but just are portfolios in your view positioned to take advantage of these sell-offs? I mean, how are you guys thinking about the mix coming into a year like '25, particularly coming off two straight years where the S&P was up 20%? Well, we've been making the case for diversification really hard at the beginning of this year, and that was both between asset classes as well as within. So if you had a more diversified approach and you're say large cap bucket, you're probably avoiding some of the stocks that are down the most this year. Uh, in addition, if you had some international equities in your portfolio, yeah, I mean, down quite a bit today, but actually year to date doing considerably better. So it sort of depends the approach you took coming into the year. If you were diversified, you had some bonds in your portfolio, yeah, this doesn't feel great, but you're certainly doing a bit better than some of the stark numbers you're seeing on the screen today. Sign in to access your portfolio
Yahoo
15-03-2025
- Business
- Yahoo
Nvidia stock rises ahead of 2025 GTC
Nvidia (NVDA) shares pop during Friday's trading session, making up for being among the "Magnificent Seven" names that dragged the market lower during the recent tech-driven downturn. Market Domination host Julie Hyman and Yahoo Finance Head of News Myles Udland take a closer look at the price action. To watch more expert insights and analysis on the latest market action, check out more Market Domination here.
Yahoo
14-03-2025
- Business
- Yahoo
Fed meeting, Nike earnings, Nvidia's GTC: What to Watch
Market Domination Overtime host Julie Hyman and Yahoo Finance Head of News Myles Udland outline the top events investors will be watching next week. The March Federal Open Market Committee (FOMC) is set for Tuesday with comments from Federal Reserve Chair Jerome Powell and the possibility of changing interest rates. General Mills (GIS), Accenture (ACN), Darden (DRI), Nike (NKE), Micron Technology (MU), and FedEx (FDX) are some of the companies reporting earnings next week. Nvidia (NVDA) will kick off its GPU Technology Conference on Monday. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Sign in to access your portfolio
Yahoo
14-03-2025
- Business
- Yahoo
Gold hits a record high, tops $3,000
Gold (GC=F) prices hit a new high, briefly surpassing $3,000 for the first time. Market Domination hosts Julie Hyman and Myles Udland break down the commodity's moves. For more expert insight and the latest market action, click here.
