Scott Wapner (Host) 00:00.350
the final stretch of twenty twenty five whether a santa rally is still possible and what this choppy end of year trade means for the start of next year let's ask our panel partners groups anastasia moroso CNBC contributor pain capitalist courtney garcia robin hood stephanie gill
Scott Wapner (Host) 00:16.550
it's good to have everybody with us anastasia i'll start with you see the tape feels still kind of heavy i mean we're getting a nice bounce today in the nasdaq it's much needed i don't know how much conviction is behind it though in the near term how do you feel
Anastasia Amoroso (Managing Director) 00:28.950
look i don't know near term i think people may want to lock in some of the gains and what has been such a great trade all year which is the AI trade but i do think we did get a couple of pieces of really good news overnight and also this morning first of all the micron news it's
Anastasia Amoroso (Managing Director) 00:42.550
been a while since you had a memory chip company say that their demand is outpacing supply so that's all due to AI so that reunderwrites that conviction there and then the second piece of good news is of course the CPI number and the fact that the services inflation is now
Anastasia Amoroso (Managing Director) 00:57.350
running at two point three percent year over year so you take those two things together and i think they do you know give investors some sort of a conviction and i will say more broadly scott that i think you know AI trade had a bit of a pullback had a lot of a little bit of
Anastasia Amoroso (Managing Director) 01:11.670
consolidation but if you look at the adoption of artificial intelligence if you look at the productivity gains behind AI and if you actually look at monetization all those things are progressing in the right direction so maybe this is some pause some weakness but i would
Anastasia Amoroso (Managing Director) 01:25.510
actually step in and buy with the expectations for continuous strength into twenty twenty six well you
Scott Wapner (Host) 01:29.950
would so court jonathan krinsky is out today says while it's premature to say this is the top for AI stocks evidence is growing that it's more than just a speed bump you agree with that or disagree yeah
Courtney Garcia (Senior Wealth Advisor) 01:42.910
i don't i don't think this is like a bubble that's bursting right now by any means i know that's become a continued conversation here on wall street and yes it is getting expensive and i do think you want to start to broaden out your portfolio i think when we're looking at
Courtney Garcia (Senior Wealth Advisor) 01:54.150
earnings growth next year technology is still expected to have like twenty eight percent earnings growth going into twenty twenty six but when you're looking at like materials are also over twenty percent industrials are supposed to be over fifteen percent there's plenty of
Courtney Garcia (Senior Wealth Advisor) 02:06.070
other places to put your money right now i think you bring up a good point people are looking into lock into some of these profits after such a good year that we've had and i think it's smart to do so so i don't want to get out of AI but if you haven't made any changes in your
Courtney Garcia (Senior Wealth Advisor) 02:17.510
portfolio and a lot of people have not you are really overweight right now and when you're looking at tech and communication services that's over forty five percent of the S and P five hundred there's a lot of concentration risk right now and i think you want to be aware of that
Scott Wapner (Host) 02:29.990
i feel like you've been one who's been out there saying on this program and maybe elsewhere that you're a little concerned about what's been happening with some of the AI story yet particularly we've been talking about on numerous occasions so where does that leave you now
Stephanie Guild (Chief Investment Officer) 02:43.790
i think it's shown up a couple of times in the market and starting a few weeks ago we started rotating into names that were just demolished this year and started to look like they 'd had a turn around right so lululemon is something right it's looking good right now and it's
Stephanie Guild (Chief Investment Officer) 02:59.950
something that i think speaks to that where you're seeing a change in the leadership you're seeing a way to try to turn around the business and look my daughter asked for lululemon leggings so that's sometimes a anecdotal sign to me too but i actually think we're in a moment
Stephanie Guild (Chief Investment Officer) 03:14.190
where we could be starting to look at like these companies will still make money like the chip makers but i do think it will eventually end up a little more commoditized and that's why i actually do like looking at some of the software names for example that can benefit from AI
Stephanie Guild (Chief Investment Officer) 03:28.590
product