For everyone criticizing me as overconfident, tell me how you get through life without the courage of your convictions. To me, that's a recipe for failure. I do my work and I make my call. I've been wrong enough to know I will be again. That will not stop me from doing my best.
Today is capitulation. This is exactly what it looks like. I’ve started nibbling but will do most my buying in the last hour.
@ScottWapnerCNBC
@HalftimeReport
Any investor trying to time this or any market should really consider the implications of this chart. It shows the effect of missing just a handful of days in the markets over >5,400 trading days. And if anyone asks, the best days don't get announced the day before they occur.
So what will financial markets focus on tomorrow? Short term negatives like sanctions with teeth and nuclear sable rattling? Or…will markets realize Putin getting his ass kicked is a positive for long-term peace & prosperity, and the nuclear alert is just a negotiating tactic?
I just listened to
@steveliesman
talk for an hour about the Russian economy for the past 30 years and what the future may hold for it.
The dude is seriously one of the most thoughtful, insightful, and knowledgeable people that I know.
Well done, Steve!
Let's do some math here. to get to 5,030 on the S&P is 9.5%. To get that on a typical 7-10 year A-AA corporate bond would take 3 years. Do you think the S&P will take that long to get there? BTW - that's our year-end target.
@ScottWapnerCNBC
I very strongly believe we create the best show on television
@HalftimeReport
in terms of educating our viewers on the markets. If I have to take a punch or two to get the point across, so be it. Both
@ScottWapnerCNBC
and I know what our goal is. Today was a fabulous example, imo
This is bullish for the stock market.
I’m sure some will @ me for perceived transgressions against mankind in that statement. I don’t care. I give you my opinions on the markets. My opinions on society? That stays with me.
$CLF
Crushes on revs, eps, EBITDA. Raises expected selling price for steel for full year by 17%. Expects record free cash flow => ‘22 EBITDA >$5.3B. 1Q’22 run rate is at $5.8B. Analysts are at $4.9B for the year. If you don’t know what to do with this stock, I can’t help you.
$DIS streaming subscribers along with $PARA streaming numbers lay to rest what the cause is of $NLFX decline. It is specific to $NFLX. Not endemic to the industry.
On $CLF earnings: Record year, 10x revenue vs two years ago. From press release: next year's contracts are fixed at higher prices than 2021. Volumes will pick up w autos. Means cash flow will increase. Any stock declines = larger # shares repurchased. This was an excellent report
@ScottWapnerCNBC
You spend a lot of time thinking about me, don’t you
@ScottWapnerCNBC
?
I like that. I like living rent-free in your head.
Enjoy the day.
New day, new week, new me!
My goal for this week is to be nice to
@stephenLweiss
no matter how annoying he is.
Here you go, Steve.
Here are some ❤️❤️❤️ for you!
#killemwithkindness
We live in a world where the frailest of minds are exploited by duplicitous egotists who say they’ve come to save them. Leadership is precious. Hard to find. And more needed now than ever.
Hard to find a blemish on $CLF results. Sales beat, EBITDA beat, earnings beat. Contracts renewed. Annual sales projected above estimates. With infrastructure, resumed auto production, supply chain onshoring all set to support future growth. Don't be fooled by "peak steel" calls!
Off to see members of this once-polished, now-motley group in Las Vegas. This picture from 30 years ago. Will be great fun. I expect to make it back. If I don't, notify the U.S. Navy Submarine Service for search-and-rescue.
Here it is . . .
By popular demand . . .
@stephenLweiss
and I are starting a regular podcast.
We’ll be giving you our thoughts on the markets, the economy, and individual stocks.
Listen and be ready to LOL!!
$PARA beats on subscriber additions. Adds over 6MM streaming subscribers in the 1st quarter. $NFLX has a problem but it is a $NFLX problem, not an industry problem.
Hey
@verified
@Twitter
- I keep getting imposters.
@jlebenthali
is at least the third one. And this imposter is posing as me to post crypto scams. I don't know what I need to do to get the verified checkmark. Isn't my situation exactly what it is for? Just verify me already!
@ScottWapnerCNBC
Peeps gotta get off Scott's back. Yeah, it's no fun getting your feet held to the fire. But it's a big part of what makes the show great. There's no finance show better or even close. Scott is the quarterback here. You better run your right patterns.
#bringyouragame
To all our loyal viewers, Thank You!
We have so much fun on the show, but without you it is meaningless.
Here's to a wonderful 2022!
Oh and if you missed the show, here it is.
Too bad you can't see
@stephenLweiss
's jacket.
#freebowlofsoup
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Scott Wapner and the Investment Committee discuss the record-setting momentum in the market, and how much longer stocks can sustain this move.
Hard to overstate what a loss this is for the Russian Navy. Nor how hard it will be to conceal from the Russian public if true. Implications for Putin are large, real, and negative.
A Russian source is saying the Moskva has sunk and that the explosion was from a Ukrainian Neptun missile strike. Apparently, Ukraine flew a TB2 UCAV to distract the ship while it was targeted by the Neptun. The ship rolled onto its side after the strike.
My quiet moments in this spot help me suffer the slings and arrows of outrageous fortune in day to day life. I wish everyone to have a place for silent contemplation and rejuvenation.
People need to bring me up to date. When did it become the go-to move to bring chicken wings onto a plane. Do people think we don’t smell it in the close confines of a 767?
#isitme
Whatever this premarket move in $VIAC is, it has nothing to do with the value of company. Streaming subs is what matters. They beat and raised - really raised - subs guidance. Spending on content comes with territory. They have the cash. Way undervalued. Look for price reversal.
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TODAY: Scott Wapner and the Investment Committee discuss the rally in stocks and whether an even bigger rally is coming soon. Brian Belski joins us to weigh in on what he sees in store for stocks.
At my son’s graduation so I’m going to be off line most of today. $BA news is not a big deal. Remember the 737 MAX wiring issue? Of course not. Because the plane is back in production, being delivered, with new orders coming in. Will be the same with the 787. Stay long.
Hey
@AmericanAir
, I emailed you about your ineptitude in checking me in this morning. I tried the app, I tried the kiosk, I tried JetBlue's app. None of them worked. The line for customer service was 3 hrs long. Bottom line: if I can't check in, I won't fly with you. Reply to me!
$PARA beats revenues, earnings, and FCF. Paramount+ adds 4.9MM subs in 2Q. How many did $NFLX add again?? Yes, lost 3.9MM Russia subs Russia - a one-off. I'll say it again so it doesn't get lost: adds 4.9MM subs. Fastest growth in the industry.
@ScottWapnerCNBC
@HalftimeReport
$QCOM All time high today. I only point this out because it was such a laggard the last 9 months. I know many have listened to me and stayed in. It proves the point I continually try to make about patience.
#tortoiseandthehare
Yet another example of supply chain onshoring. Announcements like these are set to promote economic growth well into the middle of this decade.
Panasonic Picks Kansas for $4 Billion Battery-Production Site - Bloomberg
Just initiated my position in $JOET, the Virtus Terranova Quality Momentum ETF.
@terranovajoe
is a fantastic, accomplished trader. He is also living proof that nice guys finish first. So excited to have the opportunity to invest with him!
Give me a S,
Give me an O,
Give me an F,
Give me a T
What does that spell? SOFT! As in Soft Landing.
Join
@Jason_Snipe
@Karen_Firestone
@sarat_sethi
and me as we discuss today's CPI report and the implications for stocks. Honorable Judge Wapner
@ScottWapnerCNBC
presides . . .
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Scott Wapner and the Investment Committee discuss what the latest round of cooling inflation data means for stocks from here. Plus, Ed Yardeni of Yardeni Research calls in to break it all down.
You meet amazing people in life! Here’s James Driscoll, 20-year veteran of the Secret Service, and Cynthia, an active NCIS agent. Avid watchers of
@HalftimeReport
. Real American heros. Our paths crossed in the airport and I am a better person for having met them!
I nominate these two to the starting lineup of the How-Not-To-Make-Money-In-Stock-Market All-Star team.
The market looks forward, fellas.
@garysp
, who’s the idiot?
And don’t worry,
@lukeownslds
, I won’t forget. You scrub.
@jimcramer
Post-Vegas recap:
I am extraordinarily blessed to have friends like my
#navynukes
So much friggin’ fun. Golf, steaks, Lamborghinis, gambling, and memories for a lifetime. Can’t wait for next year!!
Another example of supply chain onshoring & why I remain bullish on US economy. 8,100 jobs to be created. One of many such examples. Yes, a growth slowdown is afoot but not a recession
Hyundai to invest $5.5 billion to build EVs and batteries in Georgia
Pre-announcement from $CLF. Third guidance increase in 3 months. If you wonder why I don't sell into the reddit mania, it's because the fundamentals are too good. Congratulations
@CLE_Cliffs
.
@stephenLweiss
, you better have something nice to say.
@ScottWapnerCNBC
@HalftimeReport
If you missed today's show, you have to listen.
I mean it.
You have to.
Professor Siegel gave the Fed hell & said what many of us think.
@stephenLweiss
&
@GilmanHill
take opposite sides on markets.
@ShannonSaccocia
&
@terranovajoe
kill it.
But seriously, Prof. Siegel, on fire!
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The Dow falling below its June lows and the S&P falling below its June closing low. Scott Wapner & the Investment Committee debate how far will stocks fall from here?
Quick thoughts on $CLF earnings
2Q EBITDA was $1.4B vs. guide of $1.3B one month ago.
3Q guide is $1.4B of free cash flow vs. current estimates of $1.0B. Look for analysts to increase their numbers for 3Q in coming weeks.
Company is going to $0 debt next year.
Very positive.
How on earth this sequence of events leads to a 2% rally is beyond me. I would expect a market hangover in the morning. We’ll see.
And to be clear, I expect higher volatility and higher share prices in 2022. But the market should not have rallied on this news today. imo
$GM This has been the story all along. It's not just an internal combustion engine OEM. Between EV and Cruise (autonomous vehicles) there is enormous undiscovered value. Here we go!
Supply chain onshoring is set to be a powerful force for economic growth this decade.
CEOs have been talking up plans to relocate production to the US at a greater clip this year than they even did in the first six months of the pandemic via
@business
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Big banks kick off earnings this week and key inflation data on deck. Scott Wapner & the Investment Committee debate what’s at stake for the markets and how to position your portfolio ahead of it all.
@ScottWapnerCNBC
Your work today with Professor Siegel and Fish has been unreal. Incredibly helpful and insightful to all. Top notch.
We’re all better informed than we were this morning.
@HalftimeReport
@CNBCOvertime
Gonna be honest here … I’m stunned at how many people think violence is an acceptable way to defend honor. On the other hand I am grateful for all of you who agree in which direction humankind should evolve.
To the former, I ask you to consider the example to the children.
#hope
Spell-check is getting more and more excitingly random. I somehow misspelled “country” and it thought I wanted to write “Amigo ribs”. What letters could I have possibly written? I’m going to start purposely making spelling mistakes to see what it comes up with.
Covfefe anyone?
Since I see a lot of misleading commentary here on this fine platform, let me clarify a couple things:
1. I do not own WMT, TGT, or their ilk.
2. I said on air this is not good for their shareholders.
3. I believe this news is deflationary on the margin.
Today we retire the All-In moniker for me. But make no mistake, I am bullish going forward. I just need some dry powder for opportunities I expect to arise after the Fed's hawkish turn.
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Scott Wapner and the Investment Committee are joined today by Fundstrat’s Tom Lee to discuss what’s next for stocks after the Fed doubles down on taper.
Make no mistake, $CLF is masterfully strategic. The acquisitions of AK Steel and Arcelor Mittal US paid off handsomely. Expect this one to as well.
Cleveland-Cliffs to enter scrap business with acquisition of Ferrous Processing in $775 million deal
Tomorrow is a very important day, one that matters to me a great deal. It is Veterans Day. CNBC always hosts an excellent special edition of
@HalftimeReport
on this day. I hope you will join me, host
@ScottWapnerCNBC
, and the HalfTime team for our show tomorrow at noon.