Podcasts about industrials

Episode Summary:Caitlin Wheeler, a multifaceted dance professional with an impressive resume spanning creative direction, choreography, and event production. Originally from Australia, Caitlin has worked globally with top artists such as Drake, Adele, and T-Pain, and brands like Nike and Reebok. She shares insights into her journey from a dancer to a choreographer and creative director, emphasizing the importance of connections, staying open to opportunities, and continually evolving.Caitlin reflects on how saying "yes" to unexpected challenges has shaped her career, including her transition into the world of corporate event production with Blueprint NYC. She encourages young dancers to embrace risks, remain professional, and focus on building a strong reputation, as talent alone is often not enough. Caitlin's story highlights the power of resilience, networking, and the willingness to pivot in the pursuit of long-term success in the dance industry.Her advice to the next generation of dancers is to keep learning, remain adaptable, and always approach challenges with confidence and gratitude. This episode is a wealth of knowledge for aspiring dancers and creatives looking to navigate the diverse opportunities within the entertainment world.Show Notes:0:00 – Introduction to the podcast3:00 – Caitlin's Early Dance Journey7:00 – Transitioning to the U.S.12:00 – The Power of Networking17:30 – Creative Direction and Choreography22:30 – Working with Cirque du Soleil28:00 – The Shift to Production and Event Management35:00 – Advice for Aspiring Dancers40:00 – Navigating Career Transitions45:00 – Final Thoughts and Words of EncouragementBiography:Caitlin's credits hail from all over the world such as Australia, USA, UK, India, Europe and Africa, and include a scope of Creative Directing, Choreography, Performance, Event Production, Hosting and Teaching.Caitlin has worked with an extensive list of Artists, Celebrities, Brands, and has worked on Television Shows, Industrials, Live Shows, Movies and Music Videos. Some of these esteemed names include - Drake, Kendrick Lamar, Glady's Knight, T-Pain, Adele, LaToya Jackson, Raven Symone, Fifth Harmony, Michelle Williams, Seal, Joey Fatone, Daughtry, Donny Osmond, Kelly Osborne, Paulina Rubio, “Carlton” Alfonzo Remeiro, Guy Sebastian, Jessica Mauboy, Neymar, Carl Lewis, Gabby Douglas, Russell Wilson, Serena Williams, Colin Kapernick, Bo Jackson and Michelle Obama just to name a few.Brands such as Sony, Nike, Reebok, Adidas, Jay-Z, Stila, Nickelodeon, Buxom, Planet Fitness, Snapchat, In & Out, Miss USA and Royal Caribbean Cruise Lines.Caitlin has a strong passion and skillset for Creative Directing, Choreography and Event Production. Some of her credits include Assistant Director & Associate Choreographer for Cirque Du Soleil's Vegas show “R.U.N”.Choreographer on Fox's hit Tv show “The Masked Singer”, New Years Rockin Eve featuring Alfonso Ribeiro, “Unleashed” on Nickelodeon, Nike Forum Fashion Week New York, “Obsessed with the babysitter” premiering on Lifetime Movies, The Rose Bowl Parade, Ringling Bros Circus “Circus Extreme”, Nickelodeon Kids Sports Awards, Nike “Born Mercurial” London, Snap Chat Annual New Years Eve Gala, In & Out Annual Gala, Nike's Strongest Plus one Brunch, India's Rawstar, Nike Olympics Puerto Rico Live Show, Reebok Global Live Summits, So You Think You Can Dance (Australia/USA), Nike “Let's Move” campaign with Michelle Obama, Miss World Tourism, Miss Angola, UNICEF, Westfield, Bachelor's Ball, and Buxom.Caitlin was also a Competition judge and Director for over 12yrs, and was a featured host on Lifetime's hit show "Dance Moms" and Jojo Siwa's "Dance Revolution". Caitlin now works Full time as a Producer for New York based esteemed Meeting and Event production company BlueprintNYC.Connect on Social Media:https://www.instagram.com/caitlinaussiefithttps://www.facebook.com/caitlinwheeler11

The ASX 200 dropped as expected 325 points to 7343 (4.2%). US futures pointing to another realignment of valuation with a big drop in store. Asian markets are playing some catch-up as China comes back from a holiday. Our market bounced off its low this morning of 7169 with the banks recovering some ground. The Big Bank Basket down 5.7% to $232.68, CBA down 6.2% and WBC off 5.6% with MQG turning positive after an 8% fall to close down 0.8%. Financials were squashed, GQG down 1.9% and PPT does 7.3%. QBE were hit hard as bond yields fall down 6.8%. Some winners in finance though with CGF up 8.3% on a strategic stake acquired and ASK also doing well up % on a NBIO. REITS stumbled lower, GMG down 4.3% and SCG off 3.8% despite rate falls. Industrials too under pressure, WES down 4.9% and CPU off 4.4% with QAN falling 3.7%. ALL came up lemons dropping 6.2% and retail in trouble, JBH down 5.9% and LOV off 8.3%. Travel stocks fell, and tech stocks did better than expected, with WTC actually firmer by 2.2%. The All-Tech Index down 3.1%. Resources struggled as global growth expectations were adjusted, BHP down 6.1% with FMG losing only 3.6%. Gold miners saw profit taking but off early lows, NEM down 3.5% after being down twice that.  Oil and gas stocks declined as crude fell, WDS off 5.8% despite selling a US LNG business. Uranium under pressure again, PDN down 9.6% and BOE off 8.7%. In corporate news, ASK got a NBIO from Ki Corp at 147c, CGF saw a Japanese buyer take a 15% stake. Nothing on the economic front. Asian markets played catch up, China down 7.1%, HK off 12.2% and Japan down 6.7%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 finished down only 75 points to 7860 (0.9%) as it bounced solidly from support at 7800. The extreme knee jerk reaction on the promises in the Rose Garden saw banks back on the defensive buyers list and companies with little or no overseas exposure did better. CBA rose 1.0% with the Big Bank Basket up to $251.54 (0.2%). ANZ had a shaky start after moves to increase its capital requirements, closing down 1.4% with MQG on the nose off 2.9%. Financial services copped it with GQG off 5.2% and PPT down 4.8%. ZIP remained undone as US consumer confidence woes will continue. NWL hit hard off 8.7%. REITs also reversing some recent gains, GMG off 3.7% and CHC down 4.7%. Healthcare stocks found buyers, CSL up 1.0% and PME rising 2.0%. Industrials eased, WOW and COL better on defensive buyers, WES up 0.3% and REA doing better, up 0.9%. Tech followed US tech lower, WTC off 2.7% with XRO falling 3.4%. The All-Tech Index down 1.2%.Resources were hurt badly, BHP down 3.4% and RIO off 2.7% with MIN falling 9.5% and PLS down another 6.8%. Gold miners were boosted by bullion price rises on tariff uncertainty, NEM up 2.3% and NST up 2.1%. SPR rose 4.4% with WGX also better. Oil and gas stocks fell hard, WDS down 2.9% and BPT off 2.9%. WHC dropped 7.6% on broker downgrades and uranium still toxic, PDN down 1.3%. In corporate news, TWE reassured no impact from tariffs. CTT smacked 14.5% on serious impact from rising tariffs.Nothing on the economic front although the RBA released its financial stability report. Asian markets fared better than some feared, with Japan down 3.5%. China down 0.4% and HK off 1.6%. AUD stable with bond yields falling to 4.24% in the 10's. Dow futures down 2.0%, NASDAQ futures worse at -3.1%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 rallied hard despite negative US futures with a 82-point gain to 7925 (+1.0%). The RBA left rates on hold as expected. Banks were the turn around story with CBA up % and the Big Bank Basket up to $248.66 (1.2%). REITs also in demand as GMG bounced 2.7% and SCG up 1.8%. Financials services still under some pressure, IFT down 1.4% and ASX off 3.0%. Industrials generally firmed, WES up 1.3% and WOW and COL better; Retail was back in demand, as retail sales numbers were released, JBH up 1.1% and PMV up 0.9%. Tech was better, WTC up 2.3% and XRO up 1.2% with ORG rallying 2.7% on news from Earring power station. JHX remained under pressure as the recent acquisition plan continues to spur selling, down 3.9%. Resources were back in demand, BHP bouncing % and FMG up %. Gold miners limped higher, NEM up 1.1% and RMS better by 0.8%. EVN doing well up 1.7%. PLS crumbled 5.5% again as shorts took control, MIN fell 0.8% and LTR down 6.4%.  Oil and gas positive as crude rose, WDS up 1.7% and STO up 1.7%. Uranium under pressure again. In corporate news, AVJ gained 8.3% as it agreed terms with AVID. Looks like Virgin is heading for a June listing. On the economic front, retail sales rose 0.2% slightly below forecasts. Asian markets better across the board, Japan up 0.2%, China up 0.3% and HK up 1.1%. 10-year yields steady at 4.41%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 finished the day up 0.2% and up 0.6% for the week. Consumer Staples, Energy and Industrials the leading sectors. Materials and Utilities also did well. It was an excellent session for Gold following the rise in bullion overnight, reaching a fresh record high, with BC8 up 20%, TCG up 14%, RMS up 7%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 pushed up 57 points to 7999 (0.7%) after a better lead from the US and benign CPI numbers. Banks once again leading us higher with the Big Bank Basket up to $245.09 (+1.3%). ANZ bouncing back from the big sell down yesterday. Other financials also in demand, MQG up 0.5% and ASX up 1.3% as volumes pick up. REITs better led by GMG up 1.0% and SCG rising 3.3% on Budget news and CPI. Industrials also feeling the love, WES up 0.7% and TCL rising 2.0% with WOW and COL rising 1.7 and 1.5%. Retail was mixed with SUL off 0.8% and LOV falling 1.7% as JBH bounced back 2.5%. Tech was mixed, WTC up 0.3% and XRO down 0.2%. Resources were a happy place as US copper hit record levels. BHP and RIO doing well with FMG up 0.8%. Gold miners were back in demand, NEM up 1.1% and SPR doing well up 4.9% on a RMS upgrade. BGL in a trading halt pending another production issue. MIN bounced 1.8% with LTR up 4.0%. PDN collapsed 11.6% as more issues with rain and production in Namibia, BOE off 4.0% and NXG falling 2.9%. Both WDS and STO were firmer. In corporate news, TUA fell 7.5% on disappointing results, VUL up 12.8% on EU critical project status. WOR CFO resigned. In economic news, CPI fell to 2.4% perhaps opening the door for a rate cut. Budget had no impact. Asian markets mixed again, Japan up 0.8% and HK finding support up 0.3% with China flat. 10-year yields rising to 4.47%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 gave up strong gains to finish up 6 points at 7943 (0.1%) as US futures turned slightly negative. Banks were mixed with ANZ sold off by 3.2% and CBA up 0.7%. The Big Bank Basket down to $242.05 (-0.1%). MQG had a good day, up 2.6% as financials generally did well. RPL came clean with its exposure to OPT. VG1 rose 0.6% with RF1 down 2.4%. REITs did well, SGP up 0.8% with SCG up 0.9%. Healthcare too in demand, CSL up 1.4% and RMD up 1.5%. Industrials generally firmed, JBH up 1.0% and WTC bouncing 3.8% with the All-Tech Index up 1.1%. REA and CAR bouncing back on tech enthusiasm.Resources mixed again, BHP off 0.7% with FMG sliding 1.3%. Gold miners were slightly better with news of a bid for GOR dominating the sector. GOR rose 13.9% with GMD up 0.6% and SPR up 1.2%. Lithium stocks under some pressure, LTR down 3.9% and MIN back 1.0%. JHX continued to slide, 5% down. Oil and gas stocks firmed with uranium buyers getting a note from their parents to avoid buying. PDN fell another 2.4% with NXG running hot on drill results, up 5.8%. In corporate news, NHC fell 3.6% after downgrading its convertible bond conversion price.Nothing on the economic front ahead of the Budget tonight. Asian markets saw sellers hit HK down 2.2%, China down 0.2% and Japan up 0.2%. 10-year yields steady at 4.43%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 put on another 13 points to 7932 (0.2%) after a tentative start. 2% up for the week. Banks were sold with the Big Bank Basket unchanged at $238.82. CBA flat. MQG saw some profit taking, other financials also flat, GQG down 1.4% and HUB off 1.8%. REITs once again in demand, SGP up 0.8% with VCX up 2.4%. Industrials were firm but unexciting, WOW and COL rallied hard on ACCC news, CPU up 3.7% and retail doing ok again, PMV up 3.9% on an update. JBH bounced back a little too. Tech was a little soft, WTC off 0.5% with the All-Tech Index down 0.7%.Iron ore stocks were firm despite falls in the iron ore price. BHP up 1.1% and RIO up 0.9%, maybe copper more a factor. Lithium stocks were depressed, PLS fell 5.1% and uranium squeeze continues, BOE up 6.7%. Gold miners slid on some fatigue in bullion. GOR down 3.3% and NST off 0.6%. In corporate news, PDN dropped 4% as the rains came down in Africa. CSC lifted 0.7% after announcing plans to issue $500mn worth of senior unsecured bonds and EMR crashed 3.85% on a production miss.Nothing locally on the economic front as we head into the Budget next week. Asian markets seeing sellers win, China down 0.9%, HK off 2% and Japan back from another holiday up 0.6%. 10-year yields steady at 4.41%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 fell 32 points to 7828 (0.4%) after a failed rally attempt petered out. Losses across the board with the banks under pressure again, the Big Bank Basket slipping to $234.26(-0.7%). MQG down again off 0.9% with other financials sliding lower, PNI down 5.4% and MFG off 1.8%. REITs down led by GMG off 1.6% and SCG down 1.5%. Industrials also under pressure, ALL off 1.6%, QAN falling 2.7% with tech stocks falling, WTC down 2.3% on the governance update. Utilities also gave up some recent gains, ORG down 1.9% and AGL off 2.0%. Retail was mixed, LOV down 3.3% but JBH found friends on a broker note, up 3.6%. Travel stocks dropped, WEB down 2.9% and CTD off 2.8%.Resources fared slightly better in places, BHP unchanged, RIO off 0.7% and FMG falling 1.0%. Gold miners were mixed despite a push above $3000, EVN off 0.9% and GOR off 4.0%, falling again. SPR fell 1.4% and GMD off 1.1%. NEM up 1.0%. Lithium stocks bid higher but lost momentum, LTR up 2.1% and MIN smashed 3.9% on another accident on its haul road. Well off its lows. Uranium stocks doing well today as shorts continue to cover, DYL up 4.5% and BOE up 3.3%. In corporate news, MYR dropped 1.3% on flat sales. DDR dropped down 1.4% as David Dicker sold down his holding, CMM off 4.2% as it unwound its hedge book.Nothing locally on the economic front, the BoJ kept rates unchanged. Fed to come. Asian markets firm but uninspiring, Japan up 0.6%, China down 0.1%, HK up 0.2%. 10-year yields steady at 4.41%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

ASX 200 finished up only 6 points to 7860 (0.1%) as enthusiasm waned ahead of the Fed.US futures negative again. Banks slid with NAB and MQG under pressure, the Big Bank Basket down to $235.85 (-0.1%). REITs were solid with GMG up 1.1% and GPT up 0.9%. Industrials were mixed, ALL fell 2.8% with JBH off another 2.2% but WOW rose 1.2% with TLS quietly creeping higher. QAN jumped 2.5% with tech going nowhere. The All-Tech Index flat, XRO down 0.8%. Resources too were mixed, gold hit its 12th record this year, NEM up 2.5%. GOR fell 4.9% on production downgrades, GMD up again, 2.0% with VAU finding friends too. Lithium stocks still seeing shorts cover, LTR roared up 5.1% and PLS up 1.3%. MIN added to yesterday's gains up 1.5% with iron ore stocks down slightly. Oil and gas stocks a little better, Uranium seeing small gains, and coal dominated by good results from NHC up 8.9%. In corporate news, ASB rose 7.6% as Hanwha raided the register. Nothing on the economic front, Asian markets stronger again, Japan up 1.4%, HK up 1.8% and China up 0.2%. 10-year yields 4.39%, little changed.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 rose another 64 points to 7854 (0.8%) with the banks finding bargain hunters, CBA up % and ANZ rallying % as the Big Bank Basket hit $236.48 ( +1.2%). Financials were mixed, MQG up 1.3% with GQG down 0.5% and PNI rallying 3.2%. REITs were flat as GMG rose 0.3%. Industrials a mixed picture, QAN down 0.9% and WOW and COL slipping slightly, Tech mixed, WTC down 0.6% and XRO up 1.0%. Retails stocks firmed, LOV up 4.2% and PMV rising 1.3% with DMP up 3.6%. Footy has started perhaps! MYR also had a good day, up 3.3%. Resources were the stand outs, BHP up 2.4% and FMG rallying 4.2%. Lithium shorts scrambling to cover with MIN up 11.6% as UBS upgraded. PLS rallying 7.1%. LTR also doing well, roaring 6.2% ahead. Gold miners were slightly better, GMD up 1.8% and SPR rose 9.1% as RMS made its move to merge. Oil stocks formed, WDS up 1.9% and coal better too, WHC up 2.5% with uranium stocks finding a little love. In corporate news, the NAB CFO has switched banks to WBC, SMP jumped 47.1% on news TYR and another was looking at a bid. Nothing on the economic front, Asian markets pushed hard, Japan up 1.3%, HK up 1.3% and China flat. 10-year yields 4.41%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

A solid end to the week with the ASX 200 up 41 points to 7790 (0.5%). For the week the ASX 200 is down 2%. Resources leading the charge higher and Asian markets soaring. Banks flat with the Big Bank Basket down to $233.56 (-0.7%). Insurers gained a little QBE up 1.2% and financials generally better, GQG up 1.4% with MQG rallying 0.8%. REITs were better generally, SCG up 0.9% and GPT up 1.4%. Industrials also saw bargain hunting, WES up 0.8% with BXB up 0.8% and utilities bouncing, ORG up 1.9% and TWE up 1.9% on wine tariffs. Healthcare also back in demand, SIG rising 2.9%. Tech slightly better, TNE up 2.1%.Resources were the stars today, iron ore miners finding some love with BHP up 1.1% and FMG up 2.7%. Gold miners celebrated record gold prices, NST up 2.8%, NEM up 5.7% and EVN up 4.6%.  Lithium stocks also saw gains with PLS up 4.3% and MIN gaining 0.9%. MLX soared 22.2% as tin prices erupted as a mine in Africa closed. Even uranium stocks managed a small bounce, PDN up 2.2% and BOE up 4.5%. In corporate news, MYR announced some C-Suite changes. CYL up 5.2% after initiating production at Plutonic.Nothing on the economic front. Asian market bouncing hard. Japan up 0.9%, HK up 2.5% and China up 1.8%. 10-year yields steady at 4.42%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

 The ASX 200 turned turtle after a promising start and closed down 37 points at 7749. (0.5%). Market heavyweights led us lower with the banks under pressure again, the Big Bank Basket fell to $235.18. WBC off 1.5% and CBA down 0.6%. MQG dropped another 1.2% and insurers slid, SUN off 1.4%. REITS firmed, GMG finding bottom feeders up 1% and SCG rising 0.3%. Healthcare mixed, RMD continuing to fall, down 1.6% and FPH off 1.5%. Industrials fell too, WES off 0.8% and ALL down 0.7% with retail under some pressure, JBH falling 1.4%. Electricity prices are set to rise around 9% on the east coast. PMV off 2.4% and APE falling 2.5%. In resources, Macquarie downgraded coal and coal stocks, WHC down 5.8% and YAL ex div off 12.6%. Iron ore stocks slid too, BHP off 1.8% and FMG down 0.5%. Gold miners doing well today, NEM up 0.9% and NST up 2.5%. Lithium stocks also finding some friends, PLS up 1.8% and MIN moving 3% higher. Oil and gas stocks slightly firmer, uranium stocks also in the green, PDN up 1.8% and BOE up 1.8%. In corporate news, SLH fell 22,2% as the ACCC said they had some concerns on the DP World takeover. NEC appointed Matt Stanton as chief executive.  Nothing on the economic front. Asian markets mixed Japan up 0.3%, HK down 0.7% and China falls 0.4%.10-year yields ease to 4.42%. Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Another day, another drubbing as the ASX falls 104 points to 7786 (1.3%) with banks soggy again. The Big Bank Basket down to $236.66 (-1.7%) with NAB and WBC the worst affected. MQG dropped another 1.4% with ASX off 3.8% despite good volumes recently. GQG fell 2.4% and CGF off 1.5%. REITs also in the seller's sights, GMG bucked the trend, up 0.5% and SGP off 1.0% with healthcare under pressure as the holy trinity of CSL, RMD and COH all lost ground. Industrials found it tough going today, TCL fell 1.9% with WES off 2.6% and BXB down 2.6% with ALL slipping 1.6%. Retail once again saw selling, JBH off 1.0% and NCK down 3.5%. Travel stocks all fell, significantly as did gaming stocks, tech slipped with WTC down 1.7% and XRO off 1.1% as the All-Tech Index dropped 1.1%. Resources were again a mixed bag; gold miners rallied but somewhat muted, RMS fell 8.7% on a disappointing mine plan, EVN rose 0.8% and NEM was up 1.5%. BHP and RIO all fell 1.8% with FMG finding some friends up 1.5%. Lithium remains depressed and uranium stocks mixed. PDN up 2.7% and DYL up 3.2%. Oil and gas stocks eased back. In corporate news, IPH fell 10.0% as the CFO quit. Nothing on the economic front with US CPI due tonight. Asian markets eased slightly and 10-year yields rose to 4.43%. US Futures slightly positive.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX dropped hard and bounced a little closing down 72 points at 7890 (0.9%) after touching 7818. Banks were the turnaround story with the Big Bank Basket down to $240.73 (0.2%). MQG suffered as US investment banks have sunk. Other financials were also sold down hard, GQG off 3.2% and XYZ falling 6.3% with insurers slipping lower as government warns on Alfred issues. REITs fell back to earth, DGT dropped 7.4% on a broker downgrade, as HMC fell 9.7% too, SCG off 0.9%. Industrials slipped across the board, QAN fell 8.9% with it ex-dividend too, SGH down 3.2% and CPU falling 3.6%. Retail under pressure, JBH down 2.5% and TPW sliding 3.7%. Travel stocks took their cue from Delta Airlines, CTD off 0.5% and FLT falling 3.6%. Tech was also on the nose for obvious reasons, WTC down only 1.9% after bouncing hard off the lows, XRO saw no real bounce with the All-Tech Index down 4.0%. Resources was an interesting space. BHP and RIO both rallied hard, gold miners fell hard despite bullion prices picking back up. NST fell 1.9% and NEM dropped 2.6%. Lithium stocks under pressure as usual, oil and gas stocks better, WDS up 1.2% and uranium remains under a toxic cloud. In corporate news, NIC saw a large block trade causing a drop of 19.9% combined with possible tax changes. ASB in a trading halt as it seeks $200m at 380c together with a founder partial sell down. PNV lost its CEO and more value, GYG fell 2.2% on details of recently released escrow stock. In economic news, consumer confidence rose in March. In Asia, Japan down 1.3%, HK off 0.8% and CSI China off 0.6%. 10-year yields 4.36%. Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Value: After Hours is a podcast about value investing, Fintwit, and all things finance and investment by investors Tobias Carlisle, and Jake Taylor. See our latest episodes at https://acquirersmultiple.com/podcastWe are live every Tuesday at 1.30pm E / 10.30am P.About Jake Jake's Twitter: https://twitter.com/farnamjake1Jake's book: The Rebel Allocator https://amzn.to/2sgip3lABOUT THE PODCASTHi, I'm Tobias Carlisle. I launched The Acquirers Podcast to discuss the process of finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations.We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success.SEE LATEST EPISODEShttps://acquirersmultiple.com/podcast/SEE OUR FREE DEEP VALUE STOCK SCREENERhttps://acquirersmultiple.com/screener/FOLLOW TOBIASWebsite: https://acquirersmultiple.com/Firm: https://acquirersfunds.com/ Twitter: https://twitter.com/GreenbackdLinkedIn: https://www.linkedin.com/in/tobycarlisleFacebook: https://www.facebook.com/tobiascarlisleInstagram: https://www.instagram.com/tobias_carlisleABOUT TOBIAS CARLISLETobias Carlisle is the founder of The Acquirer's Multiple®, and Acquirers Funds®.He is best known as the author of the #1 new release in Amazon's Business and Finance The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law.Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam. He is a graduate of the University of Queensland in Australia with degrees in Law (2001) and Business (Management) (1999).

A quiet muted start to the week with the ASX rising a modest 16 points to 7964 (0.2%) as US futures pointed to another tricky US session ahead. Banks were flat with the Big Bank Basket easing to $241.33 (-0.3%). MQG down another 0.4% with insurers looking better as Cyclone Alfred was downgraded. REITS improved led by GMG up 0.6% with some bottom fishing taking place. Industrials a mixed bag too, QAN off 1.7% and ALL down 0.5% with retail steady, APE rose 3.3% with JBH up 0.8%. Some buying in BXB and CPU with TLS off 1.0%. Tech stocks mixed, WTC off 1.1% and XRO up 0.6% with the All-Tech Index up 0.1%. Resource stocks were generally firmer, BHP rallied 0.6% with RIO doing very well up 3.1% as the capital raise looks to have been put on ice. FMG still struggling. Gold miners still in demand, NEM up 0.6% and VAU up 3.7%. MIN had a good day up 3.3% with PLS rallying too. Oil and gas stocks also finding friends, WDS up 1.9% and BPT up 4.1%. Uranium still toxic, BOE down 3.9% and NXG off 1.4%. In corporate news, GQG were off 0.9% on FUM, JLG fell 12.5% on index changes due on March 25th. SGR looks to have had a last-minute rescue attempt from Bally although it remains in a trading halt. Nothing on the economic front. Asian markets mixed, China down 0.9% and HK off 2.1% with Japan up 0.3%.10-year yields at 4.44%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 continued to struggle down 46 points at 8095 (0.6%) as stocks going ex -dividend weighed. Banks eased yet again with CBA off 1.8% and WBC down 0.9% as the Big Bank Basket fell to $248.82 (-1.1%). MQG off another 0.4% as one broker downgraded. Insurers also in the eye of the cyclone, SUN down 1.0% and QBE dropping 1.3%. REITs eased back, GMG down 0.2% and SCG off 0.9%. Industrials also lost ground, WES fell 1.6% with WOW and COL slipping, QAN down 2.0% from heady highs and TLS slid 1.0%. REA was a positive today up 4.3%. Tech mixed again, WTC up 4.7%. In resources, RIO Ex dividend knocked 2.2% off, BHP down 0.8% after it went Ex, gold miners better, NEM up 1.4% and EVN up 2.7% on copper exposure too. SFR ran 4.8% on its copper exposure, MIN bounced 2.6% and WAF jumped 11.9% on production upgrades. Oil and gas stocks on the nose as crude hits 3-year lows, WDS down 4.7% (XD) and STO off 1.9%. Uranium stocks feeling slightly perkier, BOE up 1.3% and PDN up 1.1% on some broker upgrades. On the corporate front, AMC dropped1.6 % on plans to reorganise it business. AUD has had its best week since 2023. LTM now delisted. SGR looks to HK for a bail out as Brisbane casino set to be sold. On the economic front, Building approvals rose 6.3%. Asian markets remain firm, Alibaba helping Japan up 0.9%, HK up 2.6% and China up 1.3%. 10-year yields back up to 4.48%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 dropped another 57 points to 8141 (-0.7%) partially ignoring a decent rally in US futures as Trump gave his State of the Union address. China now targeting 5% GDP growth in a separate proclamation. Banks dragged us down with the Big Bank Basket down to $251.84 (-1.0%). CBA down 0.9% and MQG off 1.3% with XYZ continuing to stumble down another 4.1%. REITs slipped lower, VCX down 0.5% and GPT off 0.9%. Healthcare also down, RMD falling 2.3% and TLX off 1.2%. Industrials under pressure across the board with ex dividends not helping. WES dropped 0.8% with WOW and COL sliding on ex-dividend as did TWE off 5.6%. Retail eased back, PMV off 2.4% and JBH down 1.8% with GYG up 2.1% on a broker upgrade. Tech stocks mixed, WTC up 1.2% and XRO down 0.7%. The All-Tech Index off 0.4%. Resources were mixed, iron ore stocks seeing some buying, BHP up 0.2% and RIO up 0.2%. MIN still under pressure on debt and governance issues, down 1.9%. Gold miners were positive, WAF up 6.5% and EVN up 1.4%. Energy stocks still falling, WDS down 1.5% and STO falling 1.6%. Uranium stocks finding some support. In corporate news, Virgin gets approval for Qatar investment. WTC said it expects to appoint new directors very soon. MIN saw a downgrade by Fitch and SUN and IAG clarified Alfred impacts. In economic news, we saw a better than expected 0.6% rise in GDP. Asian markets were steady on Chinese stimulus talk, Japan up 0.7%, HK up 1.7% and China up 0.3%. 10-year yields 4.35%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

In this episode of ASEAN Speaks, we feature three of our analysts who give their opinions on some rating changes as earnings season is coming to a close.Jarick Seet, our SMIDs analyst, talks about the tech manufacturing sector outlook, going into detail on whether the previous murky forecasts has given way to more positive prospects.Thilan Wickramasinghe, our Head of Research, goes in depth into OCBC's performance and why he still prefers UOB after all three banks have reported their results.Finally, we have Krishna Guha, our REITs and Industrials analyst, who explains why he has upgraded ST Engineering to a fresh BUY given the increase in defense spending.Edited by Xuan Hao/Dion/Bruce

The ASX 200 fell another 48 points today to 8198(0.6%). Trump's tariff chaos continues with Mexico and Canadian levies due to take effect in days. Canada has already fired back, losses were tempered as banks found a footing. CBA rose 0.4% with WBC up 0.2% and the Big Bank Basket at $254.30 (). Financials were weaker, MQG down 1.2% and insurers down heavily as Alfred comes to QLD. QBE down 2.0% and SUN down 2.0%. REITs were weaker, GMG off another 0.9% with DXS bucking the trend up 1.6%. Healthcare weaker though CSL up 1.0% in defensive buying. Industrials fell across the board. Some love found for rate sensitive stocks, QAN rose 2.1% on oil price falls. Retail pushed lower, LOV down 3.5% and TPW off 5.3% with WEB falling 4.4% and GYG dropping another 4.4%. Tech dropped with the index down 0.8% Resources could have been worse. Iron ore stocks found some buying, BHP down 0.3% with RIO similar, FMG fell 3.4% with PLS down 3.8% and MIN off 10.2%. Gold miners firm but unspectacular, NEM down 0.9% and EVN up 1.6%. Energy stocks suffering big falls, WDS off 3.1% and STO down 4.7% with uranium stocks still toxic. In corporate news, IFL fell 5.6% as it declined to make an early debt repayment, HCW dropped 7.8% as Healthscope failed to pay some rental invoices. In economic news, RBA minutes showed RBA in no hurry to cut rates and retail sales rose by 0.3% in January. Steady as she goes. Asian markets weaker but 10-year yields continuing to fall to 4.27%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Watch the video version on YouTube.  Despite lagging the broader index, industrial stocks performed well in 2024, gaining over 17% on a total return basis. Sector fundamentals, however, have been more challenged. After an impressive post-COVID recovery supported double-digit earnings growth in 2022, industrial earnings have been in the doldrums alongside U.S. manufacturing activity. In fact, on a year-over-year basis, the sector is on pace to see earnings contract for the last three quarters of 2024. That said, prospects ahead look brighter. With AI and policy tailwinds, increased focus on domestic infrastructure investment and the Fed now easing policy, earnings growth is expected to accelerate in 2025, providing investors with a broad menu of investment options to choose from within the sector. On this episode, Gabriela Santos, is joined by Rob Maloney, an equity research analyst covering industrials and a co-portfolio manager here at J.P. Morgan Asset Management. Resources: Subscribe to the Notes on the Week Ahead podcast for more insights from Dr. David Kelly: Apple Podcasts | Spotify

Eric Sterner looks past the noise in the market and calls 4Q a “great earnings season.” He still thinks there's more “bark than bite” in Trump's tariff threats, arguing he wouldn't do anything to cause a “bear market” or more inflation. He breaks down recent Fed comments to gauge the chances of rate cuts this year. “We really like financials,” he adds, though he prefers big banks.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

ASX 200 pushed 28 points higher to 8268 (0.3%) as results nearly finished. Banks were flat with ANZ up 0.5% and WBC up 0.4% with the Big Bank Basket at $253.25 (). Health insurers raced away on results and increases from April 1. REITs not doing much, GMG down 0.2% as it released the SPP details. Industrials mainly firmer, WTC still suffering down 2.6% with COL reporting and rallying 3.5%. QAN results and special dividend cheered up 5.6% and retail slightly firmer, LOV up 0.5% and PMV up 0.9%. BAP had a solid reaction day up 5.3% and APE shot the lights out, up 19.9% on better-than-expected numbers. IEL crashed 7.6% on worse than expected results. In resources, iron ore stocks found some friends, BHP up 0.8% and FMG up 1.7%. Gold miners pushed higher again, aided by a lower AUD, NEM back up 1.9% with EVN up 1.5%. Lithium and rare earths slightly firmer, PLS up 0.5% and LYC up 0.6%. Energy stocks saw some bargain hunting, STO up 1.2% and KAR posting better than expected numbers up 4.7%. Uranium stocks showed a glimmer of light, NXG up 4.5%. In corporate news, PME fell 3.7% on a 4m share block trade from the founder. NEU jumped 8.9% on better Daybue numbers. RHC jumped 6.8% after it appointed Goldmans to potentially sell its 52.8% in the European business. Nothing on the economic front. Asian markets drifted lower, Japan up 0.4%, HK off 1.1% and China down 0.4%. 10-year yield at 4.34% Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

 The ASX 200 finished down around 11 points at 8241(0.1%) with CPI coming in as expected. Once again results were the focus, banks found buyers with the Big Bank Basket up to $253.05 (+1.1%) with CBA leading the way up 1.3%. MQG rose 0.6% and insurers flat. REITs were weaker, GMG falling 1.6% and SCG off 3.3% on results. Industrials mixed again, WTC rose 2.1% as White became Chair and results showed no further surprises, the All-Tech Index still fell 1.3% with TLS under pressure off 1.9% and QAN down 2.3%. Retail stocks mixed, JBH off 0.6% with LOV finding friends in all the right places up 5.7%. Travel stocks arrived jet lagged as FLT touched down 10.2% and CTD fell 3.6%. DMP hit another 3.7% with LNW better by 7.8% on results. Resources were back in the doghouse as iron ore fell, FMG dropped 6.2% as it went ex-div, BHP off 1.5% and RIO down 3.4%. Gold miners ran out of luck, NST down 2.8% and EVN off 1.7%. NEM off just 2.0%. LYC fell 1.7% after results showed the effects of low REE prices. Uranium stocks showed more fall out with PDN results bringing no joy and coal down too. WDS gained 3.4% after broker comments. STO going nowhere. In corporate news, WOW fell 3.0% after cutting its dividend, PBH had an abundance of bid interest around the 106c level, up 32.5%. BAP rose 13.4% and WOR up 10.3% on results whereas APX crashed 33.3% on disappointment. PTM also suffering as results were nasty, off 20.0%. KLS was another casualty today, maybe just a flesh would, but down 15.2%. In economic news, the CPI came in as expected and hardly moved the dial. Asian markets mixed, Japan down 0.8% and HK up 2.8% with China up 0.6%.  10-year yields at 4.37%. Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

 The ASX gave up another 56 points to 8252 (0.7%). Results and a negative US lead dominated. Some real shockers today, JLG, DMP and VEA in the frame. Banks and sellers return with CBA down 1.3% and NAB falling 1.4% as the Big Bank Basket fell to $250.25 (-1.1%). MQG slipped 1.0% and PNI retreated 3.3%. Insurers firmed and REITs did better after the sell off yesterday. GMG failed to inspire again though down another 1.4%. Industrials weakened, WES fell 3.4% with ALL off 2.8% and retail suffering again. JBH down 0.5% with DMP falling 10.5% on results and store closure costs. LOV dropped % on broker downgrades, GYG continued to fall, and WTC remained under pressure ahead of results tomorrow, off 2.8%. Tech generally eased with the All-Tech Index down 1.4%. Resources were weak too, BHP, RIO and FMG under pressure, MIN fell 4.6% and PRN rallied 8.6% on a rethink. gold miners found some buyers, NEM bucked that trend down 2.8%. WDS rose 2.8% on better-than-expected results, VEA collapsed 26.7% on challenging condition in the convenience space, uranium stocks were punished again today.  In corporate news, JLG fell 33.4% as it revised down guidance on lack of natural disasters.ZIP rose 13.9% on better results, HLI up 17.2% too on better numbers. QOR rose 4.3% on results and DRO fell 8.6% as numbers underwhelmed. In economic news, nothing locally, South Korea cut rates by 25bps. Asian markets fell, HK down 0.6%, China off 0.1% and Japan off 0.3%. 10-year yields slipped to 4.39%. Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The ASX 200 closed up 12 points at 8308 (0.1%) in a good recovery from early 70-plus point losses. Banks were the turnaround story as buyers went shopping. ANZ and NAB leading the sector higher with the Big Bank Basket at $252.96 (2.5%). Macquarie gained 1.5% as insurers also saw a positive turnaround. NHF dropped good numbers and rose 12.5%. PPT knocked back the Barbarians at the Gate falling 2.3% with XYZ falling 12.9% on disappointing numbers. REITs slipped again as GMG fell 4.1% and VCX down 4.4%. Industrials were mixed, ALL bounced 2.9% with WOW and COL better on defensive buying., Utilities also did well with APA rising 7.7% on numbers. Tech was hit hard as news of WTC directors resigning en masse saw losses of 20.1% in WTC and XRO slipped 1.2% with the All-Tech Index dropping 3.2%. Resources succumbed to gravity after holding up well last week, BHP, RIO and FMG all lost ground. Gold miners eased back, NEM fell 2.8% and NST off 2.1% with lithium plays falling but off lows. PLS down 3.4% and MIN off 0.7%. Oil and gas remained neglected and uranium stocks fell on profit taking. In corporate news, plenty of results, IRE fell 14.5% as guidance came in below forecasts, PRN, REH also under pressure on disappointing results. GYG fell 7.0% as brokers downgraded, XYZ hit hard falling 12.9% as crypto lost ground and LOV felt no love at all down 3.8%. Nothing on the economic front today. Asian markets mixed, Japan on a holiday, China and HK taking a break with HK off 0.6% and China unchanged. 10-year yields steady at 4.44%Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

US equity markets retreated heavily on Friday The DOW down 750 Points or -1.7% amid reports of increased volatility and a potential correction sited by Goldman Sacs as being related to some 2.7 Trillion in derivatives that are set to expire. Only the consumer staples sector was positive during the session up 1% whilst Consumer discretionary was the worst sector down 2.77%. The Energy, IT and Industrials sectors all falling 2% or more.

US equity markets retreated heavily on Friday The DOW down 750 Points or -1.7% amid reports of increased volatility and a potential correction sited by Goldman Sacs as being related to some 2.7 Trillion in derivatives that are set to expire. Only the consumer staples sector was positive during the session up 1% whilst Consumer discretionary was the worst sector down 2.77%.  The Energy, IT and Industrials sectors all falling 2% or more.Nvidia Corp pulled back 4% and will report this week. Also of note United Health was the biggest detractor down over 7% with Amazon and Amex also negative 2.8% each.  Leading performers in the 30-stock index Merck 7 co, Coca Cola and Proctor & Gamble.

*This episode has been previously aired Wolf & Jack are joined by: Matthew Lee, CFA - Director of Equity Research, Financials and Industrials at Canaccord Genuity Andrew Pennington, CFA – Product Specialist at Canaccord Genuity Wealth Management

RenMac team discusses the potential for government shutdown and the calculus from Ds, the softening data and the risks created by the Fed, the deterioration in Industrials, the soft seasonality with cyclicals, China and this week's RenMac mailbag.

American Securities president and managing director Scott Wolff dives into the firm's approach to investments and value creation, its specialty chemicals platforms and the industrial sector's slow recovery.

Noah Hamman debuts the HVAC & Industrials ETF (HVAC) and covers the state of ‘thematic investing.' He talks about the creation of the fund and its outperformance since its inception, its status as an A.I. play, and its international opportunities. The biggest holdings include TT, LII, and FIX.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

The Fed is being more vocal about the uncertainty new policies are creating for them. What could the consequences be of the unknows? Plus, job cuts have begun at the IRS. What it means for audits and filings. And, we'll dive into two big themes we could see in the industrials this year…M&A and tariffs.

Will Dowd is a partner and Portfolio Manager at Fairlight Asset Management.Throughout this Summer Series, we're speaking to 12 accomplished investors and financial advisors to unpack their journeys in finance and the lessons they've learned along the way.In today's conversation with Will, we're unpacking:Fairlight's investment philosophy and how they've built an enviable track recordWill's love (and we mean love) of under-studied industrial businesses that can quietly compoundWhy Will focuses on small and mid capsHow Fairlight filter the universe to uncover interesting investment opportunitiesHow Will would build a portfolio for the next 30 yearsWill's biggest gripes with the industry that all investors should be mindful of—------Thank you to Viola Private Wealth for sponsoring this Summer Series and helping us keep all of our content free.Trusted by the Equity Mates community, Viola Private Wealth helps investors grow and protect their wealth. With over $2.5 billion under management, they provide sophisticated investment strategies backed by decades of experience. To speak to the team at Viola Private Wealth, complete the contact form on their website.—------Looking to start 2025 on the right foot?Pick up a copy of our books Don't Stress Just Invest or Get Started Investing.Want to speak to one of our hand-picked financial advisers? Fill out the form on our website and we'll put you in touch.Want more Equity Mates?Listen to our basics-of-investing podcast: Get Started Investing (Apple | Spotify)Watch Equity Mates on YouTubeFollow us on social media: Instagram, TikTokSign up to our daily news email—------In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. —------Equity Mates Investing is a product of Equity Mates Media. This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. Equity Mates Media operates under Australian Financial Services Licence 540697. Hosted on Acast. See acast.com/privacy for more information.

The Moose on The Loose helps Canadians to invest with more conviction so they can enjoy their retirement. Download the Rockstar list here: https://moosemarkets.com/rockstars Join the Retirement Loop waitlist here: https://dividendstocksrock.com/loop

Christopher P. Davis and Jonathan Dane discuss sectors to watch in 2025. Christopher is looking for sales growth, while Jonathan thinks the same playbook as 2024 applies to this year. Jonathan expects the Mag 7 to “still have room to run,” though perhaps “not as fast.” Christopher likes financials, industrials, and value small caps. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Retail Sales numbers this week will feed into expectations for 2025. Fed meeting tomorrow: Cut and pause, or cut and slow? Employment revisions are also due, but markets won't care. The stock market is still hitting all time highs, but that's not necessarily the case, sector by sector: Basic Materials, Industrials, Financials, and Energy are not mirroring the S&P 500; the Magnificent 7 is responsible for the bulk of growth. It's a very narrow market. “When you sit down with your portfolio management team, and the first comment made is “this is nuts,” it's probably time to think about your overall portfolio risk. On Friday, that was how the investment committee both started and ended – “this is nuts.” Lance Roberts & Jonathan Penn will also discuss where investors are thinking of investing their money next year, and some common "themes" on the minds of investors who find themselves struggling with not making "knee-jerk" reactions.Lance and Jonathan reveal the inner workings of our investing philosophy, and why Lance is not a permabull...or bear. Looking at event-driven markets. Navigating markets up's and downs: how to break down portfolio risks. Our audio mea culpa and four-day growth. Strategies for high-wealth individuals: Don't wait to do RMD's! Roth IRA's and backdor conversions: Are they worth the trouble? Why you should over-fund life insurance policies; managing tax risks. SEG-1: S&P 500 vs Everyone Else SEG-2: Is Lance a Permabull? SEG-3: Navigating markets' Ups & Downs SEG-4: Roth IRA's & Back Door Conversions Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Financial Advisor Jonathan Penn, CFP, Produced by Brent Clanton, Executive Producer ------- Watch today's show video here: https://www.youtube.com/watch?v=drZL-tygAg0&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1314s ------- Articles mentioned in this report: "Permabull? Hardly." https://realinvestmentadvice.com/resources/blog/permabull-hardly/ "Trump Election Sends NFIB Optimism Surging" https://realinvestmentadvice.com/resources/blog/trump-election-sends-nfib-optimism-surging/ ------- The latest installment of our new feature, Before the Bell, "Is the Market Really Doing That Great Outside of the Mag 7?," is here: https://www.youtube.com/watch?v=yUe60JWmpzM&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1&t=3s ------- Our previous show is here: "Why NFIB Optimism Matters" https://www.youtube.com/watch?v=tTJNZ1ndXpI&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket2024 #MarketVolatility #InvestorInsights #BullOrBear #Microstrategies #SP100 #OilPrices #SlowingEconomy #GoldPrices #GoldCorrection #USDollar #EconomicGrowth #SmallBusinessOptimism #NFIBReport #EconomicTrends #BusinessConfidence #FinancialTalk #InvestingAdvice #Money #Investing

The stock market hitting all-time highs has been somewhat limited to only a few, major stocks. Sector by sector, things have not been quite as grand. Basic Materials, Industrials, Financials, and even Energy stocks have not followed the same trend as the S&P 500. Why is this? Because of the Mag-7 stocks, like Apple, Amazon, Google, and Nvidia, etc. Market breadth is declining. Dig into any sector outside Technology, Communications, and Discretionary, and the market is not doing so great. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=yUe60JWmpzM&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1&t=3s ------- Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #MagnificentSeven #SP500 #NarrowMarket #MarketBreadth #BasicMaterials #Financials #Energy #Technology #Communications #Discretionary #OilPrices #SlowingEconomy #GoldPrices #GoldCorrection #USDollar #EconomicGrowth #InvestingAdvice #Money #Investing

Retail Sales numbers this week will feed into expectations for 2025. Fed meeting tomorrow: Cut and pause, or cut and slow? Employment revisions are also due, but markets won't care. The stock market is still hitting all time highs, but that's not necessarily the case, sector by sector: Basic Materials, Industrials, Financials, and Energy are not mirroring the S&P 500; the Magnificent 7 is responsible for the bulk of growth. It's a very narrow market. “When you sit down with your portfolio management team, and the first comment made is “this is nuts,” it's probably time to think about your overall portfolio risk. On Friday, that was how the investment committee both started and ended – “this is nuts.” Lance Roberts & Jonathan Penn will also discuss where investors are thinking of investing their money next year, and some common "themes" on the minds of investors who find themselves struggling with not making "knee-jerk" reactions.Lance and Jonathan reveal the inner workings of our investing philosophy, and why Lance is not a permabull...or bear. Looking at event-driven markets. Navigating markets up's and downs: how to break down portfolio risks. Our audio mea culpa and four-day growth. Strategies for high-wealth individuals: Don't wait to do RMD's! Roth IRA's and backdor conversions: Are they worth the trouble? Why you should over-fund life insurance policies; managing tax risks.  SEG-1: S&P 500 vs Everyone Else SEG-2: Is Lance a Permabull? SEG-3: Navigating markets' Ups & Downs SEG-4: Roth IRA's & Back Door Conversions Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Senior Financial Advisor Jonathan Penn, CFP, Produced by Brent Clanton, Executive Producer ------- Watch today's show video here: https://www.youtube.com/watch?v=drZL-tygAg0&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=1314s ------- Articles mentioned in this report: "Permabull? Hardly." https://realinvestmentadvice.com/resources/blog/permabull-hardly/ "Trump Election Sends NFIB Optimism Surging" https://realinvestmentadvice.com/resources/blog/trump-election-sends-nfib-optimism-surging/ ------- The latest installment of our new feature, Before the Bell, "Is the Market Really Doing That Great Outside of the Mag 7?," is here:  https://www.youtube.com/watch?v=yUe60JWmpzM&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1&t=3s ------- Our previous show is here: "Why NFIB Optimism Matters" https://www.youtube.com/watch?v=tTJNZ1ndXpI&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 ------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket2024 #MarketVolatility #InvestorInsights #BullOrBear #Microstrategies #SP100 #OilPrices #SlowingEconomy #GoldPrices #GoldCorrection #USDollar #EconomicGrowth #SmallBusinessOptimism #NFIBReport #EconomicTrends #BusinessConfidence #FinancialTalk #InvestingAdvice #Money #Investing

Our CIO and Chief U.S. Equity Strategist says that while equity market activity suggests a measured level of optimism about 2025, the questions around tariffs and inflation have tempered expectations.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief US Equity Strategist. Today on the podcast I will be discussing how equity markets have traded post the election and how this fits with our thinking.It's Tuesday, Dec 10 at 11:30am in New York. So let's get after it. Post the election, our focus has been on the potential for a rebound in animal spirits like we observed following the 2016 election. During that historical period, we saw a broad-based surge in corporate, consumer and investor confidence as the sentiment analysis we've done shows. So far over the last month, sentiment data has reflected a more measured level of optimism led by small business confidence while services related business outlooks were actually tempered somewhat. Our assessment of the details of these surveys and commentary from corporates suggests that consumers and companies are feeling more optimistic heading into 2025. But the uncertainty around tariffs and the still elevated price levels are likely holding back the type of exuberance we saw post the 2016 election.In 2016, we were also coming out of an industrial/manufacturing downturn, which was then aided by aggressive China stimulus. Due to that downturn, interest rates were much lower globally and sovereign deficits and balance sheets were in much better shape to absorb reflationary type policies like tax cuts and deregulation. As a result, the equity market almost immediately embraced an expansionary fiscal agenda that was interpreted as being pro-growth. Today, that policy agenda appears to be less front-footed in this regard, perhaps due to some of these constraints.Nevertheless, these dynamics are still supportive of our preference for more cyclical sectors. However, given the stickiness of interest rates, it also makes sense to remain up the quality curve within cyclicals and constructively focused on sectors with clearer de-regulation tailwinds. As a result, Financials remain our preferred over-weight, followed by Software, Utilities and Industrials. On the topic of interest rates, we find it interesting that the correlation of S&P 500 returns versus the change in bond yields remains in positive territory. In other words, good macro data is good for equity returns. Furthermore, there is a clear bifurcation in terms of this correlation between cyclical and defensive sectors. Cyclical sectors are showing a positive correlation to rates, with one exception of Materials, while defensive cohorts are showing a negative correlation except for Utilities.In our view, this is a sign that cyclicals and the market overall still like stronger macro data even if it comes amid higher yields. Having said that, there is a point where this dynamic would likely reverse if interest rates rise due to less dovish monetary policy or an increase in the term premium. In April of this year, that level was 4.5 per cent on the 10-year Treasury yield when growth and inflation drove the term premium higher. For now, rates remain contained well below that threshold and the term premium is close to zero.On the flipside, a material decline in yields due to weakness in the macro growth data would also hurt cyclical stocks disproportionately leaving 4.00-4.50 per cent on the 10-year treasury yield as the sweet spot for equity valuations. Yields below that range can certainly be tolerated by equities assuming the driver is Fed rate cuts in the absence of a material slowdown in growth. Yields above that range can also be tolerated if the pace of the rate rise is measured, and the driver is stronger nominal growth versus a more hawkish Fed or a rising inflation. Finally, as we approach year-end, December seasonality is likely to be a focal point for investors. Over the past 45 years, the S&P 500's median return over the month of December is 1.5 per cent and the index has a positive return 73 per cent of the time. Notably, almost all of that performance comes in the second half of the month. These trends are directionally consistent for the Russell 2000 small cap index except that it's even stronger at about 2.5 per cent. This performance could be further enhanced by the larger post-election spike in small business confidence mentioned earlier. Thanks for listening. If you enjoy the podcast, leave us a review wherever you listen, and share Thoughts on the Market with a friend or colleague today.

The Q3 earnings season is out of the way, US elections resulted in a swift and decisive Republican sweep, and the incoming president has nominated a likely equity-friendly nominee for the post of Treasury Secretary. The ducks still seem to be in a row for a year-end rally, but what tweaks have our strategists made to their calls, and where do they think investors should focus their attention as we head into the final stretch of the year?In this episode of the Beyond Markets podcast, Bernadette Anderko, Investment Writer, talks to Mathieu Racheter, Head of Equity Strategy, about how the earnings results compared in Europe and the US, and what the dynamics are going forwards. They delve into which cyclical sectors are preferred and Mathieu also explains why some sectors have now fallen out of favour and why others should now be in focus.00:31 Introduction to topic and speaker01:14 Summary of US Q3 earnings season02:33 Summary of Europe Q3 earnings season03:30 Stock price reactions to earnings04:10 Is it too late to join the equity rally?06:47 Why we overweight Financials and prefer US stocks08:06 The reason Industrials remain overweight09:04 Our preference for mid-caps over small-caps10:22 Healthcare moves to Neutral12:10 Thoughts on tech and the Magnificent 712:29 Latest ratings changes on equity sectors14:28 What to take away from the conversation15:18 Closing commentsWould you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

Sectors closely tied to broad economic growth keyed the fourth straight day of gains. Industrials, financials, and materials shined, and semiconductors rose after Nvidia's results.Important DisclosuresInformation on this site is for general informational purposes only and should not be considered individualized recommendations or personalized investment advice. The type of securities and investment strategies mentioned may not be suitable for everyone. Each investor needs to review a security transaction for his or her own particular situation. All expressions of opinion are subject to change without notice in reaction to shifting market, economic and geo-political conditions.Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.All corporate names are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.Investing involves risk, including loss of principal.Past performance is no guarantee of future results.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.Apple Podcasts and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries.Google Podcasts and the Google Podcasts logo are trademarks of Google LLC.Spotify and the Spotify logo are registered trademarks of Spotify AB.

With the Republican party poised to clinch control of the White House and Congress, our CIO and Chief US Equity Strategist says markets are readying for a lighter regulatory environment, supportive tax policy and a possible rebound in investor enthusiasm.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief US Equity Strategist. Today on the podcast I'll be talking about the results of last week's election and its impact on equity markets.It's Monday, Nov 11th at 11:30am in New York.So let's get after it.Our work leading up to the election showed that stocks likely to benefit from a Republican sweep did not actually see material outperformance up and through November 5th. In other words, this political outcome was not fully priced. As a result, this allowed for significant outperformance of Financials, Industrials, and other cyclicals last week. We see further follow through to the upside in quality cyclicals as prospects for a lighter regulatory environment, supportive tax policy and a potential rebound in animal spirits should rise following the election outcome. These developments came on the back of a macro backdrop that was already becoming more supportive of cyclical outperformance – and why we upgraded this cohort to overweight in early October. We continue to be sellers though of tariff-exposed consumer stocks and renewable energy stocks. Our upgrade to Financials in early October was rooted in our view that expectations were low going into earnings season while positioning remained light. Our work since then showed that the majority of the group's outperformance into the election could be explained by strong earnings revisions as opposed to rising odds of a Trump win in prediction markets. Now that we have the election results in hand, it appears that expectations for de-regulation are also driving performance upside in addition to improving fundamentals. While the 2016 playbook would suggest small caps and lower quality equities could see a period of outperformance following the election, there are a couple of important differences worth considering. First, several of these areas of the market are exhibiting a negative correlation to interest rates today whereas they were showing a positive correlation in 2016. In other words, in today's later cycle environment, these cohorts' adverse sensitivity to rising rates is greater than it was in that period. Should rates see more upside post the election, there is likely less upside this time for small caps and lower quality cyclicals. Furthermore, relative earnings revisions breadth for small cap cyclicals is negative today, whereas it was positive in 2016. Finally, even with the increase in animal spirits following the 2016 election, small caps' relative performance peaked in early December of that year, just one month after the election.While the momentum remains to the upside for US equity markets led by quality cyclicals, it's worth considering the potential risks. The first one is a material move higher in interest rates driven by a rising term premium. The 50 basis point rise in term premium so far has not been enough to worry equity investors yet. However, should the term premium accelerate materially from here driven by fiscal sustainability concerns, equity valuations would likely face headwinds. Second, one of the more popular views in the macro community is for a stronger dollar. If such strength continues into year-end, it could provide a headwind to multinationals' Earnings growth for 2024 and 2025. A final risk to the positive price momentum is simply price itself. Over the past several months, the price change of the S&P 500 has distanced itself from the fundamentals. More specifically, the year-over-year change in the S&P has rarely been this disconnected from earnings revision breadth and business confidence surveys. However, given the positive reaction to the election so far in markets and from many business leaders, perhaps animal spirits can take earnings guidance higher – which is necessary to maintain the current trajectory in equity markets, especially since that is now expected by stock prices. Thanks for listening. If you enjoy the podcast, leave us a review wherever you listen, and share Thoughts on the Market with a friend or colleague today.

Brandon Rakszawski with VanEck calls the latest dynamics in nuclear energy "really fascinating." Many industrials and utilities are taking charge to meet A.I.'s electrical demand. Brandon talks about how the market needs to look forward to ensure that exponential demand is met. He also discusses his firm's VanEck Uranium and Nuclear Energy ETF (NLR). ======== Schwab Network ======== Empowering every investor and trader, every market day. Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6D Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Industrials and financials take the focus in today's Big 3 as both industries release a slew of earnings reports. Dan Deming joins Rick Ducat and Nicole Petallides to break down the technical trends in Cintas (CTAS), Synchrony Financial (SYF), and GE Vernova (GEV). ======== Schwab Network ======== Empowering every investor and trader, every market day. Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6D Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – https://twitter.com/schwabnetwork Follow us on Facebook – https://www.facebook.com/schwabnetwork Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

A slump in tech stocks may explain the market rotation – but it's the earnings season that investors need to watch, says CIO and Chief US Equity Strategist Mike Wilson.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief US Equity Strategist. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about the recent rotation toward more cyclical parts of the equity market.It's Monday, Oct 14th at 11:30am in New York.So let's get after it.Last Monday, we upgraded cyclicals relative to defensives after taking profits in our defensive overweight two weeks prior. These calls come on the back of September's strong jobs report and our economists' expectation for the Fed to still cut interest rates into next year. The resilient labor report effectively reverses the softness we saw in labor markets over the summer which had re-introduced hard landing risks into the markets, driving big outperformance in bonds and defensive stocks. In short, it was a good time to lock in profits after an historically good run. Indeed, cyclical stocks have delivered better performance with these improved macro data. Importantly, the rates market is confirming this move. Oftentimes, the rates market tends to hold onto growth risks longer than the equity market. Thus, the recent move higher in yields following resilient data suggests the bond market pricing is shedding some of its growth concerns, and giving us more confidence in our cyclicals upgrade. Furthermore, our cyclical overweights at the sector level in Industrials, Financials and Energy are all exhibiting a positive correlation to rates. Conversely, defensives are exhibiting a negative correlation to yields. In other words, good macro data is still good for many large cap cyclical stocks, while it's bad for defensives. Thus, further stabilization in the economic surprise index should continue to support quality cyclicals' relative performance even if it comes amid higher yields.Meanwhile, positioning in cyclicals remains light amongst our institutional client base. This is particularly true for Financials. In our view, this creates opportunity in a sector that we upgraded to overweight last week. This upgrade was based on rebounding capital markets activity, a better loan growth environment in 2025, an acceleration in buybacks post Basel Endgame re-proposal, and attractive relative valuation. Finally, we also factored in the notion that several large cap bank stocks had de-risked in mid-September with lowered guidance ahead of earnings season. Initial results from earnings season last week indicate that large cap banks are clearing that lowered hurdle. On the other side of the coin, positioning in defensives and quality growth remains extended. This is consistent with our conversations with clients who generally remain positioned for a soft macro growth regime.Given the significant influence of the Magnificent 7 stocks on the overall direction of the S&P 500, investors remain focused on how this group of stocks will trade into year-end. It's notable this cohort has underperformed since the second quarter earnings season, and relative performance just took another leg lower. The breadth among this group has been somewhat narrow with only one of the seven making new highs since the summer in both absolute and relative terms. In our view, this may be one of the reasons for the better performance in other areas of the market and is a potential driver of further broadening into cyclicals. Of course, if the market reverts back to these stocks, it's a risk to our cyclical upgrade.Earnings season will be an important factor in terms of these rotations. The fundamental reason for the underperformance of the Magnificent 7 could simply be the deceleration in earnings growth from the very strong pace last year. If this underperformance continues, it could provide further fuel for the quality cyclicals to continue to do better as we expect. Conversely, if earnings revisions show relative strength for the Mag 7, these stocks will likely outperform once again and market leadership may narrow—like it did during [the] second quarter and all of 2023.Thanks for listening. If you enjoy the podcast, leave us a review wherever you listen, and share Thoughts on the Market with a friend or colleague today.

Costco is well-positioned for ongoing success as it is experiencing impressive growth, largely thanks to its booming e-commerce sector and the rising demand for convenience among shoppers. Today's Stocks & Topics: REZ - iShares Residential & Multisector Real Estate ETF, Market Wrap, WMS - Advanced Drainage Systems Inc., SSNC - SS&C Technologies Holdings Inc., SIRI - Sirius XM Holdings Inc., The Surprising Business Driving Costco's Growth in 2024, GILD - Gilead Sciences Inc., BAX - Baxter International Inc., The Fed's Data Dependency, Investing in Industrials, UPST - Upstart Holdings Inc., China, HIFS - Hingham Institution for Savings, SBRA - Sabra Healthcare REIT Inc. Our Sponsors:* Check out PrizePicks: https://prizepicks.onelink.me/LME0/INVESTAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Investors came away from Morgan Stanley's recent Industrials Conference with a more optimistic outlook than they expected, based on perspectives including freight transportation's momentum and AI's impact on the growth of data centers.----- Transcript -----Michelle Weaver: Welcome to Thoughts on the Market. I'm Michelle Weaver, Morgan Stanley Research's U.S. Thematic Strategist.Ravi Shanker: I'm Ravi Shanker, Morgan Stanley's Freight Transportation and Airlines Analyst.Chris Snyder: And I'm Chris Snyder, the U.S. Industrial Analyst.Michelle Weaver: Today, we'll talk about key themes for Morgan Stanley's recently concluded industrials conference in Laguna Beach.It's Thursday, September 19th at 10am in New York.Last week, we were all out in Laguna Beach at the industrials conference. There were about 500 different industrials investors, along with 156 corporates, which gave us a pretty comprehensive read on what's going on in the industrial sector.Investor sentiment around industrials was pretty poor heading into the conference, and the overall tone of management, though, seemed better than feared in presentations.Chris, your coverage includes companies with exposure to a wide range of end markets. What did you learn about the cycle from your discussions with company management?Chris Snyder: Yeah, I think you categorized it well: consistent, largely unchanged, but better than feared. Morgan Stanley did a poll ahead of the conference. And only 5 percent of investors thought that the conference would be bullish for industrial risk sentiment. Coming out of the conference, 60 percent of industrial investors are bullish on risk sentiment into the end of the year. So, I think it kind of shows that sentiment was in a very bad place and ‘better than feared' is the right way to categorize it.We've generally been surprised at the lack of optimism around the industrial cycle in the market. The industrial economy has been in contraction for almost two years now, and it seems like we're on the verge of a rate cut cycle, which has historically been a tailwind for the cycle.You know, in our coverage, business is driven by a combination of investments and then production of goods; and the companies we're seeing real bifurcation on that. On the investment side -- and that's things like data center, new manufacturing facilities with all the US reshoring momentum -- that business remains strong. And on the production side of the house, that business remains soft. And that's generally in line with our call. We prefer CapEx exposure, particularly those that are tied into energy efficiency.Michelle Weaver: Great. That's really positive to hear that the investment side is still doing well. Ravi, your freight coverage is very macro as well -- in that the freight companies move all the stuff that other companies are making. How does demand from shippers look? And what are freight companies saying about the cycle?Ravi Shanker: Yeah, from a freight transportation perspective, I guess, no news was good news out in Laguna; largely because we have already started to see an improvement in the freight cycle, at the end of 1Q going into 2Q. And I think the market was just waiting to see if that would sustain through 3Q. The data has been supportive so far, and the good news was most of the trucking companies did validate the fact that we have seen a continuation of seasonality from 2Q into 3Q.And looking forward, they're also anticipating a fairly decent peak season, probably the most robust peak season we have had in two or three years. And I use the word robust on a relative basis because it's not going to be the greatest peak season ever. But certainly, better than we've had the last couple of years. But that momentum should continue into 2025.So, nobody really was high fiving out there. But certainly, noted the fact that we are seeing a continued improvement in the cycle; and that momentum should continue into next year.Michelle Weaver: One of Morgan Stanley Research's three key themes for the year is technology, diffusion and AI; and this theme came up repeatedly throughout the conference.Chris, some of your companies have significant exposure to data centers, which have seen a huge boost in demand from AI. What does the growth opportunity look like for Multi's names with exposure to data centers?Chris Snyder: Yeah, data center is a growth opportunity for my industrials' coverage. And they primarily are driven by the investment side. How much data centers are we building? And they sell a lot of the equipment that goes into the data centers. And what we're seeing now is that there's a huge focus on energy efficiency within the data center. You know, obviously it helps improve their cost profile, but also as there's growing concerns around load growth and electricity allotment.And what that's doing is it's driving demand towards the high end of the spectrum, which is where our big public companies compete. You know, they're the ones that are always spending R&D and innovating and driving energy efficiency for the customer. So, we think there's a mix up opportunity behind it.In terms of growth rates, you know, most of the companies are talking to about 15 percent kind of plus as the growth rate going forward or where they are exposed. And the conference brought, you know, really positive updates. There was no talk of slowdown. And generally, it sounds like momentum remains firm and growth will continue.Michelle, what were some of the other ways companies discussed AI or how they're leveraging the technology?Michelle Weaver: Yeah. So, when I think about how companies have been adopting AI so far, not just within industrials, but within the broader market, it's largely been about things that are plug and play solutions; something like taking a chat bot, putting that on your website, and then you don't need as many customer service representatives.So, when I'm at these kind of events, I always like to listen for more unique or differentiated ways of adopting AI. And I heard about a really interesting case from a company that holds about half of the global market for luxury seating. Processing leather is a super important part of manufacturing seats and has typically been really labor intensive and skilled labor at that. But this company is using AI to scan cow hides to determine what the optimal use for them is, and then inventory them.Before that, a worker had to individually mark the leather for imperfections and then determine how to cut around that. So, I thought that was a pretty interesting use of AI.But now I want to turn over to the consumer exposed pockets of industrials. Discretionary spending has been slowing as multiple years of high prices have been weighing on consumers. But overall, I thought the commentary around the consumer at the conference seemed pretty mixed, and we saw a big divide between the high-end and low-end consumers.Ravi, what did you hear from the airlines around travel demand?Ravi Shanker: Unlike the transportation side where what we heard was fairly consistent with expectations, I think things were much better than expected on the airline side largely because the airlines came out and validated the fact that demand continues to remain very robust -- pretty much across the board. But as you mentioned, definitely at the high end, the premium traveler continues to travel.International is rebounding post Olympics. Corporate is normalizing as well, and some of the low-cost carriers did mention that they were seeing some weakness on the low-end consumer side. Although it was unclear to them if that was actual demand weakness or a function of too much capacity in the marketplace.But they did come out and validate that demand continues to remain very robust; and with capacity continuing to come out of the marketplace and be more balanced with demand, you have seen pricing inflect positive for all the airlines for the first time in several quarters. So definitely, a pretty supportive backdrop for airline demand. And that is going to show up in airline numbers in the third and fourth quarters as well, we think.Michelle Weaver: As someone who's been in the airports a lot recently, I can definitely feel that demand has held up well. Chris, some of your companies also sell consumer products. What does consumer demand look like in your space?Chris Snyder: I would say stable, but at soft levels. And I think a lot of the tailwinds that Ravi is seeing on the service side of the house in airlines is actually coming at the expense of my companies who sell consumer goods. You know, if you look at the consumer wallet share, service mix has not gotten back to the levels that we saw in 2019 and we think that will remain a headwind for goods purchasing going forward.Michelle Weaver: Ravi, Chris, thank you for taking the time to talk.Ravi Shanker: Thanks so much for having me.Chris Snyder: Thank you.Michelle Weaver: And to our listeners, thanks for tuning in. If you enjoy the show, please leave us a review wherever you listen to podcasts and share Thoughts on the Market with a friend or colleague today.

We expect volatility in equity markets to remain elevated as we head towards the end of the year, amidst uncertainty around the upcoming US election, seasonal factors, and lingering fears of an economic slowdown. It therefore seems timely to look at what our analysts take into account when it comes to stock selection.In this episode of the Beyond Markets podcast, Bernadette Anderko, Investment Writer, talks to Philipp Lienhardt, Head of Equity Research, about how his team approaches the process of stock selection, what sectors they favour currently, and the subsectors that are set to offer good investment opportunities in the coming months.00:32 – Introduction to the topic and the speakers01:16 – Our approach to stock selection02:33 – Market Outlook into year-end 202404:13 – Information Technology: our preferences06:27 – Healthcare: more than just large-cap pharma09:06 – Industrials: focus on cyclical & structural growth opportunities11:22 – Opportunities across sectors12:01 - US election outcome - implications for stocks13:33 – Summary and conclusionWould you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.