Category: Market Monitor

It's the end of a quarter on Wall Street, which means it's time to get the market wrap up from Sam Stovall, Chief Investment Strategist at Standard and Poor's. NBR anchor Paul Kangas asks Sam to identify the major winners and losers on the Dow, Nasdaq Composite, and S&P 500. Sam also explains why he was impressed by the how the markets performed in the third quarter. He also offers some general predictions about the 4th quarter and some sector picks.

How did your portfolio fare in the 3rd quarter?

To read a transcript, including sector picks, of Paul's interview with Sam Stovall, click this link: Market Monitor for September 28th, 2007.

On tonight's program, Anchor Paul Kangas chats with "Market Monitor" Michael O'Higgins, President of O'Higgins Asset Management. O'Higgins is known for going after undervalued stocks he calls, "The Dogs of the Dow." Paul begins the interview by asking O'Higgins how the rest of the year will play out for the markets. They also touch on gold before heading into O'Higgins latest stock recommendations.

Are you on the look out for "The Dogs of the Dow?" Have you spotted any that O'Higgins failed to mention in the interview?

To read a transcript, including stock picks, of Paul's interview with Michael O'Higgins, click this link: Market Monitor for September 21st 2007.

On tonight's program, the "Market Monitor" guest is Stan Weinstein, Editor & Publisher of "Global Trend Alert." Anchor Paul Kangas spends some quality time asking Stan for his take on Wall Stret. He starts off the discussion posing the good old "bull or bear" question. Stan says we're no longer in a healthy bull market. He also explains why this summer's market rally was suspect from the beginning. He also gives his new "worry level" for the Dow and points out that the expanding role of hedge funds in the market means all investors should get used to volatility. Finally, the interview wraps up with some sectors Stan says are still strong and some sectors that should be avoided.

Do you agree with Stan, have hedge funds changed the way the markets work when in comes to volatility?

To read a transcript, including sector picks, of Paul's interview with Stan Weinstein, click this link: Market Monitor for September 14th, 2007.

On tonight's program, Anchor Susie Gharib chats with "Market Monitor" John Manley, Managing Director of Global Wealth Management at Citi Smith Barney. Susie gets Manley's take on the latest, disappointing employment report. She also asks him about his strategy for investing in the current market. Manley says he hasn't changed his investment mix because the liquidity and housing issues dragging the market down are not the "big one." And, as usual, the interview wraps up with some stock recommendations.

Manley is new to the NBR "Market Monitor" family. What did you think of his take on the markets and his stock picks?

To read a transcript, including stock picks, of Susie's interview with John Manley, click this link: Market Monitor for September 7th, 2007.

On tonight's program, Anchor Paul Kangas asks "Market Monitor" James Grant, Editor of "Grant's Interest Rate Observer" to grade Fed chief Ben Bernanke. Grant gives Bernanke high marks for the speech he gave today, in which he said "it is not the responsibility of the Federal Reserve...to protect lenders and investors from the consequences of their financial decisions." However, overall, Grant gives the Fed head a so-so review. Grant also says he expects a number of cuts in the Fed Funds Rate through the end of the year. The interview wraps up with some stock picks, and they're all value plays in the mutual fund arena.

Do you think Grant was "spot-on" in his review of Bernanke and his forecast for a decline in interest rates?

To read a transcript, including stock picks, of Paul's interview with James Grant, click this link: Market Monitor for August 31st, 2007.

On tonight's program, Anchor Paul Kangas chats with "Market Monitor" Frank Cochrane, President of Investment Timing Consultants. Paul starts the interview with a question about market stability. Cochrane predicts a very short term rally followed by another drop. He also says he'd be surprised if the Federal Reserve cuts the funds rate at its next meeting. The interview wraps up with a review of past picks and some new picks, which include two defensive, "short" picks.

Do you agree with Cochrane's prediction that the central bank will NOT cut the Fed funds rate when it next meets?

To read a transcript, including stock picks, of Paul's interview with Frank Cochrane, click this link: Market Monitor for August 24th, 2007.

On tonight's program, Anchor Paul Kangas chats with "Market Monitor" Derwood Chase, President of Chase Investment Counsel Corporation. Paul gets Derwood's take on the Fed's decision to cut its discount rate. Derwood says it was, in most part, a "symbolic" move. He also says he's looking for the market correction to get a bit deeper, and he sees the housing slump stretching into next year...at least. Finally, Derwood offers up some of his stock picks for the current market. Like a number of our other market watchers, he's focusing on large cap stocks, but his picks have a bit of an international flare.

Have the ups and downs of the current market driven you to large caps?

To read a transcript, including stock picks, of Paul's interview with Derwood Chase, click this link: Market Monitor for August 17th, 2007.

On tonight's program, Anchor Paul Kangas interviews "Market Monitor" Randall Eley, President of the Edgar Lomax Company. Of course, Paul and Randall talk about the market's recent many ups and many downs. Randall says the volatility is tied in part to the short-term memory of today's investors. They just don't remember that big corrections happen in bull markets. He also explains why, in his mind, debt could be a greater concern for the economy and Wall Street than subprime lending. Finally, Randall wraps up with some stock picks from the S&P 500.

Are you concerned about the impact debt -- federal and consumer -- could have on the markets in the future?

To read a transcript, including stock picks, of Paul's interview with Randall Eley, click this link: Market Monitor for August 10th, 2007.

On tonight's program, Anchor Paul Kangas interviews "Market Monitor" Hans Black, Chairman of Interinvest. Hans takes a cautious line on the recent market nervousness. Hans also says the bear could be peeking out around the corner on Wall Street, but there are still attractive sectors. In addition, Hans explains what's driving the current credit crunch, and he talks interest rates. Finally, Hans offers two stock picks in one of the sectors he thinks is attractive -- biotech.

What's your take on the credit crunch that's driving Wall Street's recent slide? Are you a) unconcerned, b) taking a cautious line, or c) running scared?

To read a transcript, including stock picks, of Paul's interview with Hans Black, click this link: Market Monitor for August 3rd, 2007.

On tonight's program, Anchor Paul Kangas interviews "Market Monitor" James Stack, President of Stack Financial Management. The focus of the interview is the big question on the mind of every investor: "Are we in a bear market?" Stack explains that the indicators he watches are pointing to the bear. He also explains why investors shouldn't underestimate the downside and offers from tips for investing in a bear market. And, of course, his three stock picks are defensive plays.

What are your thoughts about this week's market dive? If Stack is right and the bear has arrived, does it seem to you that it arrived rather suddenly?

To read a transcript, including stock picks, of Paul's interview with James Stack, click this link: Market Monitor for July 27, 2007.