'Buckle your seatbelts' because earnings will start to disappoint, long-term bull Art Hogan warns

Asia's Tech News Daily

Earnings season may turn an ugly corner.

Long-term bull Art Hogan warns a storm of disappointing corporate guidance and missed revenue targets is ahead.

“Buckle your seatbelts,” the National Securities' chief market strategist told CNBC's “Trading Nation” on Friday. “This will be the first time in the cycle you're actually going to hear more companies guide down than guide up.”

Hogan cites headwinds tied to supply chain backlogs, inflation and worker shortages.

“There's going to be a real earnings season of haves and have nots,” Hogan said. “The haves really have that pricing ability.”

He cites Snap's third quarter results as an example of upcoming trouble. The social media giant reported last Thursday a revenue miss and it lowered guidance — citing trouble in its advertising business and global supply chain interruptions. Snap stock is off 27% since the announcement.

“Aggregate demand is outstripping aggregate supply,” said Hogan. “If you don't have things to sell, you're probably not increasing your ad budget.”

He urges long-term investors to resist the urge to react to volatility and believes they should take a barbell approach to investing, with growth on one end and cyclicals on the other.

“Any given earnings reporting season is not the time to make a broad sweeping change to your long-term investments plan,” he said. “But make sure you know what you have on your growth side, and make sure you're picking companies that actually are sector leaders and are measured in a P/E [price-to-earnings ratio] versus price to revenues.”

He believes the pain won't trickle into year-end. His S&P 500 year-end target is 4,700, which implies a 3% gain from Friday's close.

“We've got a long runway in front of us, and I think a lot of demand that wasn't satiated this year gets dragged into 2022,” Hogan said.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related


Bitcoin price: Why is crypto down today? Crypto news and prices of Bitcoin, ETH, SHIB in cryptocurrency crash

Bitcoin’s price has fallen $55,000 today as renewed Covid fears shake the crypto market – here’s the latest cryptocurrency news and prices for Bitcoin, Ethereum, Shiba Inu coin, XRP, Cardano ... Read more »

Lidl names new boss to lead UK supermarket expansion plans

Ryan McDonnell has been promoted to Lidl GB CEO (Lidl) Lidl GB has promoted Ryan McDonnell to be its next chief executive, with Christian Härtnagel leaving the role to lead ... Read more »

‘A space to unburden yourself': yoga club breathes life into Black health and wellness

It’s no secret that the health and wellness sector is booming, with a current global valuation at $1.5tn. But for Paris Alexandra and Alicia Ferguson – co-owners of BK Yoga ... Read more »

Roblox sues YouTuber for creating a ‘cybermob' and allegedly trying to put photos of Hitler in the game

The hacker had access to personal information, the ability to change passwords and two-factor authentication, and could steal valuable in-game items from some of the ‘richest’ players in the game ... Read more »

BoE chief economist hints at rate rise but new Covid variant leads to doubts

Photograph: Bloomberg/Getty Images The Bank of England appears to have move a step closer towards increasing the cost of borrowing next month after its new chief economist, Huw Pill, said ... Read more »

Nov. 29 is the final day to make changes for the last child tax credit payment this year

Time is running out for families with kids to make any changes to information the IRS has on file for their last child tax credit payment of the year. Families ... Read more »

Stocks are in the red. Should you sell?

Simon Smith | E+ | Getty Images With U.S. markets slipping on Friday amid fears of a new Covid variant, you may be tempted to take some money off the ... Read more »

U.S. dollar hits highest level since July 2020 — Oppenheimer on which stocks to watch

The greenback is breaking out. The U.S. dollar this week climbed to highs not seen since July 2020 after Federal Reserve Chair Jerome Powell was renominated to the position. That ... Read more »

Voices: I crossed the Channel last summer – I just want the chance to live like everyone else

Before needing to flee, I had never heard of the UK’s asylum system and I certainly didn’t know what the “Home Office” was. I’d never heard of any asylum system ... Read more »

Euro zone economy faces risk from new surge in virus, ECB policymakers say

FILE PHOTO: European Central Bank holds a news conference in Frankfurt S'AGARO, Spain (Reuters) -The euro zone economy is still rebounding but it faces a fresh challenge from a rise ... Read more »

Germany's energy plan to have limited impact on EU carbon prices, analysts say

FILE PHOTO: Steam rises from the cooling towers of the coal power plant of RWE in Niederaussem LONDON (Reuters) – Germany’s new energy transition plan is unlikely to have a ... Read more »

Save Solutions acquires New Habitat Housing Finance for Rs 74 crore

Save Solutions that offers financial products via kiosk banking across India has acquired New Habitat Housing Finance for Rs 74 crore. The Bihar-head quartered company is working to offer its ... Read more »

Extinction Rebellion blockades Amazon UK hubs on Black Friday

Photograph: Henry Nicholls/Reuters Activists target distribution network to highlight company’s treatment of workers and environmental impact Climate activists have blockaded Amazon distribution centres across the UK to highlight the company’s ... Read more »

DWP benefits rise set - but Britons face 'impossibly tough winter & worse spring' first

DWP benefits, including Universal Credit and Personal Independence Payment (PIP), will increase by 3.1 percent from April 11, 2022 in line with the Consumer Price Index (CPI). Thérèse Coffey, the ... Read more »

From cruise operators to airlines: 'Reopening' stocks tumble on variant fears

1 / 3From cruise operators to airlines: ‘Reopening’ stocks tumble on variant fearsFILE PHOTO: United Airlines planes are parked at their gates at O’Hare International Airport ahead of the Thanksgiving ... Read more »

Asia prices inch down on COVID concerns; fundamentals remain bullish

FILE PHOTO: A LNG tanker is tugged towards a thermal power station in Futtsu By Marwa Rashad LONDON (Reuters) – Asian liquefied natural gas (LNG) prices inched lower this week ... Read more »

Bitcoin and other crypto plunge as fears over new Covid variant shake traditional markets

The price of bitcoin peaked above $68,000 on 10 November, 2021 (Getty Images) Bitcoin and other cryptocurrencies have fallen sharply, as fears over the new coronavirus outbreak also shook traditional ... Read more »

UK poised for record Black Friday sales

Photograph: Jack Dredd/REX/Shutterstock The UK is headed for its biggest Black Friday sales day with data suggesting shoppers had already spent over a fifth more than last year by mid-morning ... Read more »

FTSE 100 plunges as global markets gripped by new pandemic panic

(Moment RF) A fresh wave of pandemic panic sent global financial markets into a tailspin today as fears over a “horrific” new Covid-19 variant sparked a mass sell-off. The FTSE ... Read more »

Oil prices plunge as new Covid variant spooks markets

Photograph: Jacob Ford/AP Global oil prices have plunged below $80 a barrel after “the most worrying” new variant of Covid-19 was identified in South Africa, raising fears in the market ... Read more »

M&S says it's not doing Black Friday - but shoppers can still get 40% off today only

Shoppers can get discounts of up to 40% on homeware at Marks and Spencer (M&S) today – despite the retailer not technically taking part in the Black Friday sales. On ... Read more »

Voices: I crossed the Channel last summer – and my family still don't know if I am alive

Before needing to flee, I had never heard of the UK’s asylum system and I certainly didn’t know what the “Home Office” was. I’d never heard of any asylum system ... Read more »

Sherlock Holmes: Chapter One review – a gripping interactive detective drama

Developer Frogwares has been making games about the world’s most famous detective for a long time now, but Sherlock Holmes: Chapter One is the most personal. A 21-year-old Sherlock has ... Read more »

Black Friday sales kick off holiday shopping season

Shoppers carry bulging bags from River Island and Next in Liverpool city centre on Black Friday. Photo: PA Black Friday, one of the biggest shopping events of the year, has ... Read more »

Lidl GB chief Christian Hartnagel to step down next year

The boss of Lidl’s British business is stepping down to take the helm of the grocer’s German operation. Christian Hartnagel, chief executive officer of Lidl GB, has confirmed he will ... Read more »

Huel: Plant-based foodmaker hires bankers to advise on IPO

Huel’s products are made from plant ingredients such as oats, coconut and flax seeds, containing as many as 26 essential vitamins and minerals, it says. Photo: Huel Plant-based foodmaker Huel ... Read more »

“If you are never in the office, you won't make it around here” -- BT boss Philip Jansen

Philip Jansen (BT/PA) (PA Media) On the campaign trail in June 2019 Boris Johnson said in his usual off the cuff way that he wanted ultra-fast broadband in every UK ... Read more »

Euro zone bond yields drop on significant COVID variant

FILE PHOTO: The word “COVID-19” is reflected in a drop on a syringe needle in this illustration By Abhinav Ramnarayan and Dhara Ranasinghe LONDON (Reuters) – Euro zone government bond ... Read more »

Inflation ‘expected to peak at 5%- What inflation surge means for your pension

The rate of inflation has been the subject of much concern in recent months, as the COVID-19 pandemic continues to take its toll on the UK economy. The state pension ... Read more »

Can you get extra cash during very cold weather? Online tool shows if payment is due

The Cold Weather Payment can see Brits receiving an extra £25 for each week of cold weather between November and March. An online tool shows who should be receiving what ... Read more »

Apple's AR headset will ‘will be as powerful as a Mac' and launch in 2022, analyst predicts

Apple-App Store On Trial (Copyright 2020 The Associated Press. All rights reserved.) Apple’s augmented reality headset will be as powerful as the Mac and will be launched in 2022, according ... Read more »

Bitcoin, ethereum lead crypto fall as market gloom spreads

All leading cryptocurrencies started the day in the red on Friday. Chart: Yahoo Finance UK Major cryptocurrencies slumped on Friday as a new coronavirus variant sparked concerns across the broader ... Read more »

‘I am not gonna die on the internet for you!': how game streaming went from dream job to a burnout nightmare

It is June 2018, and I am sitting at a table in a needlessly fancy restaurant in LA with a bunch of teenagers. Well, some of them must be over ... Read more »

Shoppers forecast to spend almost £9bn on Black Friday

Shoppers are expected to spend almost £9 billion on what could be the biggest Black Friday yet, according to analysts. Retail experts have predicted that spending will rise beyond pre-pandemic ... Read more »

Novo Nordisk says lower insulin prices in China dent 2022 outlook

FILE PHOTO: FILE PHOTO: FILE PHOTO: The logo of Danish multinational pharmaceutical company Novo Nordisk is pictured on the facade of a production plant in Chartres COPENHAGEN (Reuters) – Novo ... Read more »

Black Friday: Top 10 best buys as shoppers warned to steer clear of 'poor quality' deals

It’s Black Friday but shoppers have been warned a whole host of goods on offer are actually duds. After running tests, consumer group Which? has slapped a “don’t buy” label ... Read more »

Volkswagen sees Europcar deal as attractive, quashes hopes for higher bid

FILE PHOTO: A new logo of German carmaker Volkswagen is unveiled at the VW headquarters in Wolfsburg FRANKFURT (Reuters) – Volkswagen is convinced that its 2.9 billion euro ($3.3 billion) ... Read more »

ISS recommends shareholders support Shell move to UK

FILE PHOTO: A logo for Shell is seen on a garage forecourt in central London LONDON (Reuters) – Proxy advisory firm Institutional Shareholder Service (ISS) recommended shareholders support Royal Dutch ... Read more »

Shortages cast shadow over Britain's Black Friday

Britain‘s Black Friday in London By James Davey LONDON (Reuters) – Britain's retailers are hoping Black Friday discount day will get shoppers spending, though it takes place against a backdrop ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic