Stocks extend record highs: The Investment Committee's strategy
Спикеры
Joe Terranova
— Старший управляющий директор, Virtus Investment Partners
Liz Young Thomas
— Глава инвестиционной стратегии, SoFi
Scott Wapner
— Ведущий, CNBC
Mackenzie Sigalos
— Крипто-репортер/аналитик, CNBC
The Investment Committee debates the S&P 500's record highs and the possibility of reaching 8000 or 8250, driven by strong earnings growth and broadening market participation. Joe Terranova highlights the strength in financials and momentum, expects large caps to outperform small caps, and sees a continued rise. Liz Young points to Delta Air Lines as a beneficiary of broadening profit growth. Risks include momentum cooling and market concentration. Alphabet dips on a DeepMind leadership reshuffle.
- S&P 500 extends record highs with analysts targeting 8000-8250 on strong earnings growth.
- Goldman's John Waldron emphasizes double-digit earnings growth and a broadening beyond tech.
- Joe Terranova expects the S&P 500 to reach 8000, citing financials strength and a return of the momentum factor.
- He sees large caps outperforming small caps and avoids small caps for the rest of the year.
- Liz Young notes that non-Mag-7 earnings are set to surpass tech and highlights Delta Air Lines for new highs.
- Risk warnings include momentum potentially cooling and the market losing its broadening narrative.
- Alphabet (GOOGL) dips on DeepMind leadership changes and departures, raising AI execution concerns.
Идеи
Momentum factor drives further upside.
The momentum factor has returned, driven by strong earnings growth and increasing spending. Momentum is essential for the S&P 500 to reach 8250, and the trend is likely to continue as earnings remain robust.
Delta to new highs, multiple rerating.
Broadening profit growth and a strong economy will lift Delta Air Lines to new highs. The stock is also poised for a multiple re-rating as earnings expand beyond tech, making it a beneficiary of the broadening theme.
Financials confirm rally strength.
Financials are a strong confirmation of the rally and cyclicality. Nearly 90% of financials are above their 200-day moving average, signaling broad strength and support for further gains.
Avoid small caps, favor large caps.
Volatility is expected in the second half, and large-cap stocks will outperform small caps. Small caps are unlikely to sustain their year-to-date leadership, making them unattractive for the rest of the year.
S&P 500 heading to 8000 soon.
Strong earnings growth, broad market participation, and financials confirmation make it hard to be pessimistic. The S&P 500 should continue moving higher, with 8000 just 3.5% away and momentum needed to reach 8250.
Далее
This CNBC video, published August 05, 2026, features Joe Terranova, Liz Young Thomas discussing MTUM, DAL, XLF, IWM, SPY. 5 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Joe Terranova, Liz Young Thomas · Tickers: MTUM, DAL, XLF, IWM, SPY