Morning Call

Biotech stocks, a former pandemic winner, have been falling since April, with the S&P Biotech ETF down nearly 40% this year. Salim Syed of Mizuho Securities gives us his take on what will happen to these biotech companies in the near-term. Energy, on the other hand, seems to be on an unstoppable winning streak, as oil and gas stocks continue to make positive moves amid this volatile market. Biraj Borkhataria of RBC Capital Markets joins us to talk about which names in particular he’s most excited about. Plus, are commodities impacting inflationary readings more than wages? Gina Sanchez of Chantico Global weighs in. And, ahead of Wednesday’s CPI report, what’s the best area to invest? Patrick Fruzzetti of Rose Advisors has the answers. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

As inflation fears continue to grow, investors fear shoppers are starting to scale back non-essentials spending. Scott Mushkin of R5 Capital joins us to unpack why the consumer discretionary sector is getting hit especially hard. Also doing poorly are tech stocks, as the NASDAQ is coming off of its worst single day performance in almost two years. Dan Ives of Wedbush Securities joins us to discuss how the hangover from the Fed meeting and yesterday’s rally are being felt on Wall Street. And, what’s in store for the trading day ahead as the first week of May closes out? Greg Branch of Veritas Financial Group and Dan Morgan of Synovus Trust give us their takes. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Eric Ripert, co-owner and chef at Le Bernardin and Vice Chairman of City Harvest, joins us to discuss the organization’s efforts to deliver more than 100 million pounds of food to nearly 400 food rescue outlets across the five NYC boroughs. He dives into Le Bernardin’s recommitment to City Harvest after reopening post-pandemic and his work to strengthen local food systems. Plus, OPEC is meeting today as oil stays above $100 per barrel and natural gas hits $8. John Kilduff of Again Capital gives us his thoughts on why the market is getting no help from OPEC and which areas are being hit the hardest by all-time low fuel supplies. And, the Federal Reserve did exactly what was expected in raising rates 0.5%, but what does this mean for equity markets and the risks to growth? Paul Donovan of UBS Global Wealth Management gives us his take. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Former Fed Vice Chairman Roger Ferguson says the hurdle for a 75 basis point rate hike is high. Plus, Amrita Sen of Energy Aspects discusses the impact of EU members agreeing to a shorter-term phase out of Russian oil & gas. And, Greg Sarian of Sarian Strategic Partners says investors should seek out high quality cash-rich companies that offer dividend value. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Federal Reserve is kicking off a two-day meeting today, which is expected to end in a 50 basis point hike. But word on the street is that the Fed might be even more aggressive, especially in light of Tuesday’s news that Australia has hiked its interest rate for the first time in over a decade. Stephen Halmarick of the Commonwealth Bank of Australia and Priya Mirsa of TD Securities discuss their predictions for the meeting’s outcome. Plus, what does the Fed’s fight against inflation mean for the markets today? Mark Haefele of UBS Global Wealth Management joins us to discuss inflation modulation, moderating growth, and asset allocation. And, as anticipation for the Fed decision looms over the market, how much damage has been done? Eric Beiley of Steward Partners Global Advisory and Jason Snipe of Odyssey Capital Advisors give us their take. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Gina Sanchez of Chantico Global and Lee Baker of Apex Financial discuss whether there are still quality names in the market, following April’s meltdown. Plus, Guggenheim Partners Global CIO Scott Minerd discusses the Fed, bond market and equities with Brian Sullivan at the Milken conference. And, Jon Najarian reveals where the options action has been headed as the markets sold off. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

With more competition comes more innovation. But what about the growing battle between companies and governments? Makan Delrahim, the former Assistant Attorney General for the Department of Justice, joins us to discuss how anti-trust issues and the media are making their way into politics. Plus, Apple and Amazon reported quarterly results yesterday, with the former topping estimates and the latter missing revenue forecasts. Jared Weisfeld of Jefferies discusses the markets and tech’s wild ride. And, it’s been a rocky week for markets, as the Dow and S&P are both on track for their third negative month this year. Bill Stone of Glenview Trust gives us his thoughts. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stacey Widlitz of SW Retail Advisors discusses what’s been driving the weakness in the consumer discretionary sector, and how not all retailers -- such as discount chains -- are created equal. Joel Kulina, Head of Technology/Media Trading at Wedbush Securities, discusses the tech sector outlook ahead of the anticipated Big Tech earnings reports later today. Matt Orton of Carillon Tower Advisers gives his take on what’s driving the market. Plus, Tiffany McGhee of Pivotal Advisors discusses whether positive results from some big tech names can offer a glimmer of hope, and highlights one company that plays a huge role in the global food supply chain. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Delano Saporu of New Street Advisors and Matt Maley of Miller Tabak offer advice to nervous investors trying to navigate through the negative market headlines. Plus, we discuss the broader implications of Russia’s move to cut off natural gas supplies to EU and NATO members Poland and Bulgaria. And, Brian Sullivan highlights several stocks that managed to avoid the sea of red ink in Tuesday’s sell-off. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Eunice Yoon reports from the ground the measures authorities are putting in place to contain a COVID outbreak in Beijing, and lessons learned from the month-long lockdown in Shanghai. Plus, a top tech analyst weighs in on Elon Musk’s buyout of Twitter and what he could reasonably change on the platform. And, Grace Capital’s Cate Faddis makes the case for investors to consider a pair of lesser-known banks. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.