Trump trades and a Fed decision

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Trump trades and a Fed decision

(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) The “Trump trade” and how the Federal Reserve could impact the trend was top of mind for investors Thursday. Also, Wedbush’s Dan Ives and Alex Fishman of Empros Capital share their

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on tech under a second Trump administration. ‘Worldwide Exchange’ word of the day: ‘Growmentum’ Victoria Fernandez of Crossmark said growth and momentum stocks outperformed during the first 3 quarters of the year, and she expects the trend to continue under the Trump administration. “We will have higher growth with President Trump coming and the Mag 7 stocks are coming to the front of the classroom and leading the market again,” Fernandez said. Fernandez also believes financials will continue to rally on the back of a steepening yield curve, with Fed rate cuts expected later in the day and in upcoming meetings. The Trump trade and ETFs Anna Paglia, chief business officer for State Street Global Advisors said financials and small caps are two areas she expects to see continued benefit from less regulation under a Trump Administration and the Fed rate cutting cycle. She recommends the SPDR S & P Bank ETF (KBE) and the SPDR Portfolio S & P 600 Small Cap ETF (SPSM) as two ways to invest in the trend. “I don’t think what we saw was a one day phenomenon,” said Paglia. “Yesterday we saw about $22 billion in new money coming into the industry.” Tech and Trump Dan Ives from Wedbush and Alex Fishman of Empros Capital, an early investor in Palantir and Airbnb , both say tech will benefit from less regulation under a Trump Administration. “I think now we are going to see a tidal wave of M & A specifically with AI infrastructure, cybersecurity,” said Ives. He added that, in the current environment, both public and private tech companies are holding off plans due to regulation uncertainty. “It’s almost like a ‘tech prom’ on both sides, no one is asking anyone to dance. Now this thing starts.” Fishman said the Trump administration benefits all private tech company valuations, but especially the names in what he calls the “Musk-economy,” including Neuralink and the xAI. “We have seen what Elon Musk can do under what has been an adversarial White House. With a White House that is neutral or favorable. I think it will be incredible,” said Fishman on “Worldwide Exchange.” He added: “I think with less regulation and an ethos towards building in the ******* States we are going to see the deployment of these potentially extraordinary infrastructures at a much much faster clip throughout the country and especially in the ‘redder’ states.” ‘Worldwide Exchange’ pick: Qualcomm (QCOM) Crossmark’s Fernandez said Qualcomm is a good buy after a strong earnings report Wednesday, a raise to current quarter guidance and an attractive valuation at 16x forward PE. “If you want exposure to the tech sector, but at a PE that is less than a lot of the other names there, this is a good place to be. They have been growing share in the handheld which makes up about 73% of revenue, they have a new chip coming out. I think that is a good name for your portfolio,” said Fernandez.

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#Trump #trades #Fed #decision

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