Markets have hinted at a sector rotation out of high-momentum stocks. High-flyers such as Tesla, Nvidia, and Square have been among the top investments over the past year. Eric Marshall, President and Director of Research for Hodges Capital Management stopped by Cheddar to discuss whether tech stocks can continue their run higher into 2018.
Marshall says he is encouraged by indications that there may be a shift to more value-oriented segments of the market. His firm is particularly optimistic for consumer-related names and transports. Marshall sees a rotation out of momentum stocks as healthy for markets, which he says keeps equity valuations in check.
Marshall also spots a turnaround for American Eagle. He says his firm likes retail at these levels because they are under-owned. Marshall adds that some retail stocks have been "thrown out with the bathwater," and thinks the adoption of e-commerce and the shutting down of stores could revive the company.
Altro founder and CEO Michael Broughton shares how his company is bringing both expanded credit access and financial wellness to underserved consumers, plus netting early investments from Tinashe, Quavo, and Jay Z’s Marcy Ventures.
Portillo’s CEO Michael Osanloo discusses the company’s decades of profitability, opening restaurants in new markets, and why it doesn’t need trends like dynamic pricing.
Adam Turnquist, Chief Technical Strategist for LPL Financial, weighs in on the latest CPI data, what could get the Fed to lower borrowing costs, and the crypto rally.
Mark Hamrick, senior economic analyst at Bankrate, breaks down the current housing market and why he’s expecting affordability will get better as the year goes on.
