How to trade the market amid the Iran war and earnings season

Watch on YouTube ↗  |  April 13, 2026 at 18:11  |  9:25  |  CNBC
Speakers
Joe Terranova — Senior Managing Director, Virtus Investment Partners
Stephanie Link — Chief Investment Strategist, Hightower
Jim Lebenthal — Investment Committee Member
Scott Wapner — Host, CNBC

Summary

The Investment Committee debates market strategies amid the Iran war and earnings season. Members express bullish views on the overall market and specific stocks like Goldman Sachs and BlackRock, citing strong earnings, consumer resilience, and adapting geopolitical risks as key drivers.

  • Discussion on market performance and geopolitical tensions in the Middle East.
  • Focus on earnings strength and economic resilience led by the consumer.
  • Specific stock recommendations: Goldman Sachs and BlackRock.
  • Analysis of market positioning and institutional defensiveness.
  • Observations on rotation from growth to value stocks.
  • Comments on energy market dynamics and oil price adjustments.
  • Outlook for further market upside based on current setup.
  • Mention of high yield spreads and yield anchoring as positive signs.
Trade Ideas
Joe Terranova Senior Managing Director, Virtus Investment Partners 1:03
Long S&P for near-term upside.
Market resilience due to defensive institutional positioning and neutral systematic bias sets up for further upside in the near term, so be long the market.
SPY MED
Stephanie Link Chief Investment Strategist, Hightower 3:38
Buy Goldman Sachs on strong earnings.
Goldman Sachs had a very good quarter, making it a buy opportunity despite not currently owning it.
GS HIGH
Jim Lebenthal Investment Committee Member 5:06
Buy BlackRock on market confidence.
Added meaningfully to BlackRock because he feels good about the market and doesn't think things are worrisome, indicating confidence in further gains.
BLK HIGH
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This CNBC video, published April 13, 2026, features Joe Terranova, Stephanie Link, Jim Lebenthal discussing SPY, GS, BLK. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Joe Terranova, Stephanie Link, Jim Lebenthal  · Tickers: SPY, GS, BLK