Transcripts For FBC Making Money With Charles Payne 20240712

FBC Making Money With Charles Payne July 12, 2024

Economy annual portfolio . Putting sensors and software on their machinery, right . We have a National Mandate and so the Management Team has to wear a mask, not as a burden adapted to the new 21st century but as a patriotic duty to protect one another. Ecommerce and industrialization Charles Joe Biden in his and so you know what i like is acceptance speech to once again call for a National Mask mandate other Tech Companies that arent making really big moves but im going to get reaction from still have a lot of catalysts in republican congressman andy front of them so you can look at biggs, all that and so much more , on making money. Actually up on the day a content Delivery Network because we know with nvidias earnings yesterday, we saw that data centers are crucial to our life. They sold more Data Center Chips so the market is showing signs in that segment than they did in of rally fatigue this week as the gaming and they are a gaming fewer names participate on chip company so that tells you everything you need to know the upside, but those that have are putting in olympiclike about the digitization of our lifestyles. Charles right. Performances and you know the i love how you connected those names but now if youve been watching this show for a while dots. Courtney, id like your optimism you probably own a few of them by the way as well in reaching shows and you were already kind of looking beyond technology. As well despite the constant what do you like here . Experts about how extended they what else is out there with are and how they are due for a potential opportunity to the up pullback. Its true stocks go up and down and even these amazing names side . Yeah, i mean, i think at will have pullbacks and when some point you really got to they do the same folks will, Look Beyond Technology as it well they will be completely gets more and more expensive and wrong anyway, and still have the weve been talking in the last several weeks about looking more nerve to pass themselves on at value rather than your growth the back. Take for instance the hated companies. If you just look at it tesla. They hated the stock at 200, so historically your value tends to outperform growth by about 4. 5 at 2,000 its going to pullback. Save the round of applause folks a year and were coming off a decade where growth is for american ingenuity. Think about these winners. Significantly outperformed so were due for a rotation there. We are really starting to see apple, microsoft, amazon, that valuation line up and alphabet, facebook, netflix, just kind of more granular in there were really looking at tesla, these are all uniquely american Success Stories and in your small Value Companies fact many started by immigrants rather than large so youre or their children. Really starting to see small caps are picking up earnings i do not believe they could have faster than large caps are and been started or flourished anywhere else in the world. Those valuation discrepancies this has always been by the way are getting so wide theres so much opportunity still in your been the case and this brings me small cap values and thats where im looking at right now. To the stock of the day, deere Charles Kevin thinking about posted Financial Results that blew away wall street consensus by the way what you just said with deere and how theyve adapted and we founded in 1837 by john deere, a get a lot of new traders who blacksmith, heard concerns from watch this show think oh, 150 yearold company and boring but theres a reason you stay local naturallers from and they public for 150 years. I want to talk about maybe some arent able to shift through other old school names that you that thicker soil so he came up may be looking at or spying. With a revolutionary plow and as they say the rest is history. Yeah, well all you need to do is open up the wall street this morning, deere posted journal every day and youll see results revenue 8. 9 billion the these old bellweathers like street was looking for even honeywell which is now 6. 7 billion, earnings 2. 57 getting into quantum computing the street was looking for 1. 26 and honeywell is the big operating margins improved in Aerospace Company but they understand weve got to digital equipment and turf. I love when these companies ize everything that we do deliver but also appreciate that in every single supply chain, so companies that have been around theyve done very well in that for more than 100 years, that regard and thats why youve have seen the ups and downs, can seen honeywell share price come through as investors, well outperform ge, you know, every it gives us confidence single year, for the last 15 because we know that current years, because theyve been part management as long as theyre sticking to the founding ethos of this , right . But youd would in think of them as a tech company but theyre and those who took the initial risk to start investing in quantum computing. Those businesses can do well. Today its an old industry name charles scott, one area, i pacing the Dow Jones Industrial know you like cat, and deere and average Higher Technology stocks for the most part is taking a travel, all intriguing. Breather joining me now is you also like financials. I mean the financials are just s Wealth Management cio fox business contributor scott tinking the joint up. Martin, and benchmark investment what the heck is going on and when do they turn around . Managing partner kevin kelly and look thats something viewer s tell me over email. Senior wets management of payne theyve been okay. I mean, dont get me wrong, but Capital Group i am not affiliated with, scott i want to start with you so what do you hey, charles and everyone like some of our great lets say one make of the fact there are more of our great musical philosopher winners thangains, charles and d s i guess if you can call them that dont call it a comeback. Ive been here for years as far as jpmorgan and some of these others you mentioned with deere and cat charles so these are tried and True Companies along that same theme, trending at really good valuations versus the market. We own jpmorgan, we own citi, theyve set aside money for loan loss provisions, well capitalized the markets get better so thats why we own them and tip use to pick them up on down days. Charles all right, and well see them at some point, one of these Earnings Seasons they are going to do well but for now its foot locker that has a great Earnings Report among others. You know what caught my eye though it wasnt necessarily the earnings but management reinstating dividends. You know, there have been several names that have brought back diver dappeds and i personally think its a great sign of confidence, scott. Weve got someone on the screen here one by the way another one i like is estee lauder, they reported a couple days ago, the stock got hammered two upgrades today, do you look at anything like that when youre making your decisions . Yeah, i mean, dividends are a gold mine to use because we do like gold still too, just given, charles the fact that the tenure , theres no yield really to be found anywhere. Even if you look at high yield bonds as far as that space these days theres not much to be found there, given the risk that are kind of out there even though the feds in that game now too so if youre looking at dividends on coca cola and some of these other companies as well , those are pretty attractive longer term when you consider in our opinion, they arent going anywhere for many years with Powell Company involved and therefore dividends on the s p 500 with a total return capability look pretty good. Charles and kevin what i also like is when management says were going to do a dividend they have to pay this money out unlike a buyback which we may or may not be ale to pull it off to me is the ultimate sign of confidence. Any of these dividend ideas particularly maybe companies that brought it back that are on your screen . Yeah, so we actually do look at some of these companies that pay out significant dividends and they have to, because theyre classified as Real Estate Investment trust but theyre at the frontlines of the digitization that we talked about and thats like a crown capital. If you think about it, a Tower Company that at t and verizon, sprint, tmobile and dish have to put new 5g antennas on this company yields over 3 and their management wants to increase youre dividend every year Going Forward 810 so if you use your cell phone, pay yourself by buying Companies Like that. Charles yeah, cci i think is a monster particularly as we really do rollout 5g. Speaking of rolling things out, i think theres good news on america reopening were going to give it another shot as a nation , right . I just read this morning Indoor Dining in philadelphia soon, High School Sports back in new jersey, covid19 cases are coming down, and theres serious vaccine hopes. Courtney, how does this inform your portfolio . Lets just say, you know, we come back, were a little bit smarter and we party a little less, we social distance, we get a vaccine approved in november. What changes the way you make, are you making ahead of Something Like that . Yeah, i think it really comes down to just staying invested and i think just kind of the echo all of these thoughts weve had today. There is still a lot of value to be had in the market. Theres certain things that are getting very expense ever but theres so much cash on the sidelines and i would just really urge everyone dont wait for some sort of drop to happen. Theres a lot of optimism were seeing things open and vaccine or not things are getting back to normal and theres still places in the economy that havent hit their highs and theres still great buying opportunities. Charles and you also say that vaccine or not were going to learn how to reopen better and that means its going to be better for the economy either way. I think were already kind of seeing that i dont know if youve noticed that but daytoday things are starting to feel a little bit more back to normal. Definitely not there but well get there. Hopefully, vaccines. Charles absolutely, courtney, kevin, scott, didnt get a chance to talk to you about gold but you mentioned youre still along people wanted to know that too. Hes buying it, brother. Charles he is. All right ive got plenty. Charles thanks very much have a great weekend meanwhile the post office is the center for a political firestorm, now its top official is fighting back against claims that he is trying to rig the election for trump. Ive got details at 2 25 and fresh housing data out this morning, crushing wall street estimates. Its just more evidence america is better, positioned right now than we were during the Great Recession, but can we still see a kshaped recovery . Whether the same tide will lift allamerican votes well be right back. I have an idea for a trade. Oh yeah, you going to place it . Not until im sure. Why dont you call Td Ameritrade for a strategy gut check . Whats that . You run it by an expert, you talk about the risk and potential profit and loss. Couldve used that before i hired my interior decorator. Voila maybe a couple throw pillows would help. Get a strategy gut check from our trade desk. i need it so bad dont call it a hobby. Its way more than just a job. 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Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. What if i sleep hot . Or cold . Of the year on the new sleep number 360 smart bed. No problem, with temperature balancing you can sleep better together. Can it help keep me asleep . Absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable will it help me keep up with mom . You got this. So you can really promise better sleep . Not promise. Prove. Its our weekend special. Save 500 on the new sleep number 360 smart bed. Plus, free premium delivery when you add a base. Ends monday. To learn more, go to sleepnumber. Com. Charles all week long stocks continue to muscle higher as a shrink of economic data, it all continues to pour in and its all been really good including existing home sales rising a record nearly 25 in july, this rebound in housing has become a boom. Lauren simonetti joins us now with a look at the details. Lauren hey charles good to see you so yes sales of previouslyowned homes the largest part of the Housing Market they are selling at the fastest rate, since december of 2006 and if you look at the annual increase for 8. 7 above last years pace, folks are taking advantage of low rates and the desire for space. I love this quote by the chief economist of the National Association of realtors. He describes the Housing Market as this is a quote, past the recovery phase and now in the booming stage so homes are selling fast, inventory is 21 less than this time last year, and guess what prices are rising to a record 304, 100, so Housing Market is booming housing stocks going up in a big way today what about the rest of the economy . The rest of the market . We did get current reads on business activity. It shows that manufactures growth is spilling over to the services providers. That does suggest a broadening of the recovery. The overall reading in this ihs market pmi was at an 18month high charles so this is good news that should support the rally that we saw this week. Charles and certainly very optimistic news thank you very much lauren appreciate it. Joining me now to discuss this university of maryland economist peter maurici. Peter the Housing Market was already shaping up to be very good. I felt it was being driven by millennials who by the way First Time Buyers is still strong but now investors are in this , the flight from major city, lumber prices at near alltime highs, the economics echosystem around housing alone is a very powerful thing and its really working out isnt it . Well absolutely. The two things to watch in the economy right now that separate us from the Great Recession and the financial crisis so the stock market and the Housing Market. That translates into very strong Bernie Sanderses for households, to support the recovery for about 80 of households. Its the other 1015 that are left behind because their jobs have disappeared, Small Business closures things like that that we have to worry about, but 80 of the economies very strong, the s p covers 80 of the economy, thats why we have a stock market boom. In june i predicted on a financial website that we were going to have a summer rally if we got a stimulus package. Here it is. Charles well, youve been right many times not just this june but many junes. Let me just before we talk about that other 20 which i think is critical particularly in an election season, also the Great Recession kind of scared people right . So we brought down our debt, our debt to Household Debt to income levels to near record lows. I mean, we are sitting pretty strong. Do you think we need just one more stimulus package to sort of get us to boost our spending enough to make that bridge, to get that bridge to where were completely over the virus and back on track. We need a smart package. I would say like 350 a week be full income replacement for those 15 million, 20 million people, that are long term unemployed because of Small Business closures. I wouldnt give another nickel to the airlines simply because theyre going to have to lay off a lot of people, when whatever stimulus package is the last one happens because thats a permanently strong market. We should give money to state and local governments as long as they play ball. This business, for example, Governor Cuomo is not giving out the 300 a week because he says its too hard, heck, all hes got to do is take 600 cut it in half to three and keep issuing checks. Thats not that hard. He ought to come down to maryland and ill show him how math works. I went to the new York Public Schools like he did. Apparently he was sleeping in class. Charles [laughter] well, hes been too busy accepting accolades and writing books. The kshaped recovery for the folks out there, what this means is a k, so the up part of the 80 that peter talked about doing very well or on the cusp of doing very well and the other part of the l

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