Morning Call

Rounding out the final trading day of November, tech continues to be a weak spot for investors, with the Nasdaq standing as the only major index on track to end the month lower. Arete Research’s Rocco Strauss explains the outlook for the sector. Plus, crude prices are looking at some modest gains today as investors gear up for this weekend’s meeting by OPEC+. Saxo Bank’s Ole Hansen breaks down the price action around oil. And, what do recent home price numbers mean for a potential slowdown in the housing market? Cortland’s Brad Dillman weighs in. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Officials in China are holding a press conference today over the ongoing COVID-19 restrictions showing no signs of easing, a policy move that some think could actually create an economic opportunity down the road. Robert Kuhn, a long-term advisor to China’s leaders, explains the outlook. Plus, shopping for Cyber Week is expected to hit all-time highs this year despite concerns over a potential consumer slowdown. Telsey Advisory Group’s Dana Telsey gives her top stock picks in the sector. And, markets are marginally higher following yesterday’s selloff. Waddell & Assocs.’ David Waddell, Pivotal Advisors’ Tiffany McGhee, and Allspring Global Investments’ Margie Patel weigh in on the trading day ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Unrest is erupting in cities across China overnight amid the country’s ever increasing COVID-19 lockdowns and restrictions. Longview Global’s Dewardric McNeal gives the latest. Plus, Black Friday saw record sales in online shopping, with a similar outcome expected for Cyber Monday today. R5 Capital’s Scott Mushkin breaks down his holiday outlook. And, markets are lower in pre-market trading. Fernwood Investment Management’s Cate Faddis and G Squared Private Wealth’s Victoria Greene discuss where they’re putting their money. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

U.S. retailers are bracing for a slower-than-normal Black Friday as inflation weighs on consumer demand. J. Rogers Kniffen Worldwide’s Jan Kniffen breaks down what to expect. Plus, the latest unrest and exodus of workers at Foxconn’s factory in Zhengzhou is adding to pressures on Apple’s production of the iPhone 14 during the company’s most important quarter. Hargreaves Landsdown’s Sophie Lund-Yates gives the latest. And, futures are pointing towards a higher open ahead of the shortened trading day. Advisors Capital Management’s Chuck Lieberman and Infracap’s Jay Hatfield discuss the markets. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The bankruptcy process for FTX is beginning, marking the latest turn in the ongoing saga that is the exchange’s high profile collapse. Investopedia’s Caleb Silver explains the key topics investors are searching for online. Plus, shares of several retail companies are up ahead of Black Friday shopping. Storch Advisors’ Gerald Storch gives his expectations for the holiday shopping season. And, earnings from John Deere are out today as Wall Street looks for insight on the state of agriculture supply. Melius Research’s Rob Wertheimer details what to watch. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Oil prices are edging higher today after both WTI and Brent Crude dove more than $5 a barrel to 10-month lows yesterday. Again Capital’s John Kilduff breaks down the outlook for energy ahead of OPEC’s next meeting. Plus, it’s the final stretch for retail earnings before holiday shopping season kicks off with Black Friday this week. SW Retail Advisors’ Stacey Widlitz discusses which names to watch. And, futures are pointing towards a muted open, but will there be a Tuesday turnaround during this shortened week? CIC Wealth’s Malcolm Ethridge, Potomac Wealth Advisors’ Mark Avallone, and Aureus Asset Management’s Kari Firestone weigh in. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Disney’s board announced late last night that CEO Bob Chapek is out and Bob Iger is back in, marking the end of a tumultuous, nearly three-year tenure by Chapek. Financial Times’ Alex Barker gives the latest developments. Plus, the 2022 World Cup kicked off yesterday with the host nation Qatar falling to Ecuador. Washington University in St. Louis’ Patrick Rishe discusses the sports streaming landscape. And, AAA estimates more than 54 million people will travel over the Thanksgiving holiday, or about 98% of pre-pandemic levels this year. The Points Guy’s Brian Kelly explains what this means for the travel outlook. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Bahamas securities regulator says it ordered the crypto assets of FTX’s Bahamas unit to a government-controlled wallet for safekeeping one day after its parent company filed for Chapter 11 bankruptcy. TechCrunch’s Anita Ramaswamy gives the latest. Plus, China tech stocks are higher on the back of a mixed quarterly report from Alibaba. SC Asia’s Sid Choraria explains the impact on the rest of the sector. And, stocks are coming off of a two-day losing streak following a slew of hawkish comments from Federal Reserve officials. UBS Global Wealth Management’s Mark Haefele and Truist Advisory Services’ Keith Lerner discuss the trading day ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

It’s been a mixed picture for retail, with Target warning of a consumer slowdown despite names like Walmart, Home Depot, and Lowe’s all beating expectations. Kearney Consumer Institute’s Katie Thomas explains what’s to come. Plus, Federal Reserve Governor Christopher Waller says he’s open to the idea of raising rates by half a point but stresses that inflation remains painfully high. Raymond James Investment Management’s Matt Orton discusses what this means for the markets. And, stocks are coming off a second negative session in the past three. Crossmark Global Investments’ Victoria Fernandez presents her investment thesis. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Retail earnings roll on with Target expected to report this morning on the heels of Walmart’s better-than-expected quarter yesterday. UBS’ Michael Lasser makes the case for the stock. Plus, it’s a mixed picture for Chinese tech, with names like Alibaba and JD.com reversing gains seen earlier this week. MSA Capital’s Ben Harburg gives the latest. And, stocks are looking to add onto yesterday’s gains following the PPI report and further signals of easing inflation. Cadinha & Co.’s Kaleialoha Cadinha-Pua’a and Diamond Hill’s Heather Brilliant lay out the trading day ahead. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.