‘Peak issues' for supply chains create portfolio opportunities: Chief market strategist

As the pandemic rages on with the emergence of the Omicron variant and markets on high alert as a result, whether or not there will be a “Santa Claus Rally” remains up in the air. According to Victoria Fernandez, chief market strategist at Crossmark Global Investments, however, the easing of supply chain issues may be an opportunity for investment.

Fernandez cited the recent report from ISM, which noted an uptick in U.S. manufacturing activity and a lowering in prices paid for the month of November, as being a positive indicator for markets in spite of the new COVID-19 variant.

“We're looking at possibly, before the [ISM report] came out, peak issues with supply chains. We're seeing prices start to stabilize. We're seeing supplier delivery times start to stabilize,” Fernandez told Yahoo Finance Live. “So, fundamentals are good. It was something that we expected. And then what we're hearing so far is that, yes, this is maybe a more transmissible variant, but it's not as severe in the symptoms that we're seeing.”

FILE – Containers are stacked at the Port of Long Beach in Long Beach in Calif., Oct. 1, 2021. U.S. manufacturing activity grew at a faster pace in November as companies continue to struggle to keep up with demand amid ongoing supply shortages and delays. The Institute for Supply Management, a trade group of purchasing managers, said Wednesday, Dec. 1, 2021 that its index of manufacturing activity rose to a reading of 61.1 in November, just above September’s 60.8. Any reading above 50 indicates growth in the manufacturing sector. (AP Photo/Jae C. Hong, file)

And although markets may have experienced a recent pullback due to Omicron fears, Fernandez believes that now may be the right time to buy.

“But you know what? You use it as a consolidation in the market,” she added. “But I think if there's certain names you've been wanting to add to your portfolio, you can use this to your advantage.”

Fernandez joined Yahoo Finance Live to share her perspective on the market reaction to supply chain issues and the Omicron variant, the Fed's course of action, as well as stocks to invest in. Founded in 1987 and headquartered in Houston, Texas, CrossMark Global Investments is an investment management firm that provides investment strategies to institutional investors, financial advisors, and the clients they serve.

Yahoo Newsletter
Adobe updates, sent straight to your inboxPlease enter a valid email addressSuccess! You have subscribed to Yahoo newsletter.Unsubscribe anytime. By signing up, you agree to Yahoo's Terms and Privacy Policy.

Black Friday sales

Black Friday online sales typically rise year-over-year, with a growing number of consumers becoming more comfortable with shopping from home. However, Adobe (ADBE) estimates that combined Black Friday and Thanksgiving internet sales declined slightly in 2021 from $9 billion in 2020 to $8.9 billion. And while the drop may not be substantial from a numbers perspective, what the dip could mean for corporate earnings through to the end of the year still remains to be seen.

However, Fernandez is skeptical that this serves as an indicator for weakened earnings expectations in the coming months.

“I'm not so sure [the decline in sales will weigh down earnings expectations],” Fernandez said. “And I think some of the reason that we saw online sales down year-over-year is because last year people were not going out to the stores to the extent that they are this year. So the online sales I can kind of understand.”

She also believes that, because consumers may have begun their holiday shopping earlier this year, in-store foot traffic numbers were stunted. Black Friday weekend shopper traffic for 2021 saw an increase of 34.2% compared to 2020.

“So I think, perhaps, some of that was pulled forward in those really strong retail sales we saw in the last six weeks, and we didn't see it as much now,” Fernandez said. “But we had strong momentum in the beginning of the fourth quarter. And I think the strength of the consumer is going to hold that up through the end of this year, even if the couple shopping days that we traditionally see were not quite as strong.”

Thomas Hum is a writer at Yahoo Finance. Follow him on Twitter @thomashumTV

    Follow Yahoo Finance on Twitter, Instagram, YouTube, Facebook, Flipboard, and LinkedIn

    News Related
    • National Insurance: Minister says rise in April 'is going ahead' after reports PM is considering delaying tax hike

      A rise in National Insurance contributions in April “is going ahead”, a minister has told Sky News, amid reports Boris Johnson is considering delaying the increase. Technology minister Chris Philp said funds are needed for the NHS and social care and the move is a “proportionate way” of finding the ...
      See Details: National Insurance: Minister says rise in April 'is going ahead' after reports PM is considering delaying tax hike
    • CLSA recommends 'buy' on L&T, raises target price to Rs 2,450

      Brokerage firm CLSA has a ‘buy’ call on engineering and construction major Larsen & Toubro (L&T) – which is scheduled to report its financial results for the December quarter later today. The brokerage raised the target price for the L&T stock to Rs 2,450. The L&T stock rose as much ...
      See Details: CLSA recommends 'buy' on L&T, raises target price to Rs 2,450
    • Congress to have CM face in Punjab, says Rahul Gandhi after Channi-Sidhu's show of unity

      © Provided by The Financial Express Hugging Sidhu at the dais, Channi said that there is no fight among the Congress leaders. Congress leader Rahul Gandhi, who was in Punjab yesterday, announced that the party will project a chief ministerial face for the assembly elections in the state. Rahul’s statement ...
      See Details: Congress to have CM face in Punjab, says Rahul Gandhi after Channi-Sidhu's show of unity
    • ILS-Bhubaneswar witnesses COVID surge: Omicron variant detection affected

      © Provided by The Statesman ILS-Bhubaneswar witnesses COVID surge: Omicron variant detection affected With scientists and staff getting infected with COVID-19 cases at the Institute of Life Sciences (ILS)- Bhubaneswar, the genome sequencing of samples for Omicron variant detection has virtually come to a grinding halt for more than a ...
      See Details: ILS-Bhubaneswar witnesses COVID surge: Omicron variant detection affected
    • Budget 2022: Big relief likely for work from home employees, benefits up to Rs 50,000 - Know more

      © Provided by DNA The Covid-19 pandemic brought monumental shifts to the way we live and work. From children not going school to attend classes to work from home culture, there have been new challenges for the common man. Household budgets have gone for a toss due to new kinds ...
      See Details: Budget 2022: Big relief likely for work from home employees, benefits up to Rs 50,000 - Know more
    • Body Revival – A ray of hope for cancer patients

      © Provided by DNA After dealing with a worldwide pandemic, people started to understand the worth of Ayurveda and implement the holistic and natural way to deal with diseases because somewhere we all want to heal naturally without any side effects from various kinds of health issues. So the question ...
      See Details: Body Revival – A ray of hope for cancer patients
    • New-age tech stocks are bleeding, Nikhil Kamath will still not buy them

      © Kshitij Anand New-age tech stocks are bleeding, Nikhil Kamath will still not buy them The bloodbath in new-age technology stocks listed on Dalal Street over the past few weeks have not impressed the Co-founder of Zerodha and TrueBeacon Nikhil Kamath, he wants more. Shares of several technology startups such ...
      See Details: New-age tech stocks are bleeding, Nikhil Kamath will still not buy them
    • Trump administration ‘compiled secret list' to decide which nations would receive COVID vaccine first: Allies were placed at the top ahead of poorer more desperate countries

      Confidential vaccine distribution list developed under former President Trump Administration prepared a secret list of which nations would get the doses firstIt placed allied nations ahead of poorer ones with greater needsThe secret list was drawn up during the second half of 2020 and prioritized nations based on their strategic relationship with the U.S. First on the list were allies, including Israel, Taiwan, South Korea, Canada, and several European nations, despite having perfectly good health-care systemsThe countries also had their own financial resources to buy their own doses and had good infrastructure for it to be distributed Next on the list were countries involved with the development of the vaccineGavi, the Vaccine Alliance, a public–private global health partnership with the goal of increasing access to immunization in poor countries, was third on the list Fourth came all the other countries that were not already in any other categoryThe Trump plan never went into action because the Biden administration came to power before the vaccination effort had been fully set up
      See Details: Trump administration ‘compiled secret list' to decide which nations would receive COVID vaccine first: Allies were placed at the top ahead of poorer more desperate countries
    • Video: The Bachelorette's Ali Oetjen shows off her ripped abs and incredible bikini body in skimpy blue swimwear

      Confidential vaccine distribution list developed under former President Trump Administration prepared a secret list of which nations would get the doses firstIt placed allied nations ahead of poorer ones with greater needsThe secret list was drawn up during the second half of 2020 and prioritized nations based on their strategic relationship with the U.S. First on the list were allies, including Israel, Taiwan, South Korea, Canada, and several European nations, despite having perfectly good health-care systemsThe countries also had their own financial resources to buy their own doses and had good infrastructure for it to be distributed Next on the list were countries involved with the development of the vaccineGavi, the Vaccine Alliance, a public–private global health partnership with the goal of increasing access to immunization in poor countries, was third on the list Fourth came all the other countries that were not already in any other categoryThe Trump plan never went into action because the Biden administration came to power before the vaccination effort had been fully set up
      See Details: Video: The Bachelorette's Ali Oetjen shows off her ripped abs and incredible bikini body in skimpy blue swimwear
    • Kyrgyzstan, Tajikistan agree ceasefire after clashes kill two

      Confidential vaccine distribution list developed under former President Trump Administration prepared a secret list of which nations would get the doses firstIt placed allied nations ahead of poorer ones with greater needsThe secret list was drawn up during the second half of 2020 and prioritized nations based on their strategic relationship with the U.S. First on the list were allies, including Israel, Taiwan, South Korea, Canada, and several European nations, despite having perfectly good health-care systemsThe countries also had their own financial resources to buy their own doses and had good infrastructure for it to be distributed Next on the list were countries involved with the development of the vaccineGavi, the Vaccine Alliance, a public–private global health partnership with the goal of increasing access to immunization in poor countries, was third on the list Fourth came all the other countries that were not already in any other categoryThe Trump plan never went into action because the Biden administration came to power before the vaccination effort had been fully set up
      See Details: Kyrgyzstan, Tajikistan agree ceasefire after clashes kill two
    • Exclusive-China regulator talks to foreign banks to soothe economic concerns -sources

      Confidential vaccine distribution list developed under former President Trump Administration prepared a secret list of which nations would get the doses firstIt placed allied nations ahead of poorer ones with greater needsThe secret list was drawn up during the second half of 2020 and prioritized nations based on their strategic relationship with the U.S. First on the list were allies, including Israel, Taiwan, South Korea, Canada, and several European nations, despite having perfectly good health-care systemsThe countries also had their own financial resources to buy their own doses and had good infrastructure for it to be distributed Next on the list were countries involved with the development of the vaccineGavi, the Vaccine Alliance, a public–private global health partnership with the goal of increasing access to immunization in poor countries, was third on the list Fourth came all the other countries that were not already in any other categoryThe Trump plan never went into action because the Biden administration came to power before the vaccination effort had been fully set up
      See Details: Exclusive-China regulator talks to foreign banks to soothe economic concerns -sources
    • Zwei Jahre nach dem Brexit: Wie geht's dir, Grossbritannien?

      Confidential vaccine distribution list developed under former President Trump Administration prepared a secret list of which nations would get the doses firstIt placed allied nations ahead of poorer ones with greater needsThe secret list was drawn up during the second half of 2020 and prioritized nations based on their strategic relationship with the U.S. First on the list were allies, including Israel, Taiwan, South Korea, Canada, and several European nations, despite having perfectly good health-care systemsThe countries also had their own financial resources to buy their own doses and had good infrastructure for it to be distributed Next on the list were countries involved with the development of the vaccineGavi, the Vaccine Alliance, a public–private global health partnership with the goal of increasing access to immunization in poor countries, was third on the list Fourth came all the other countries that were not already in any other categoryThe Trump plan never went into action because the Biden administration came to power before the vaccination effort had been fully set up
      See Details: Zwei Jahre nach dem Brexit: Wie geht's dir, Grossbritannien?
    • Toyota bleibt grösster Autoverkäufer vor Volkswagen

      Confidential vaccine distribution list developed under former President Trump Administration prepared a secret list of which nations would get the doses firstIt placed allied nations ahead of poorer ones with greater needsThe secret list was drawn up during the second half of 2020 and prioritized nations based on their strategic relationship with the U.S. First on the list were allies, including Israel, Taiwan, South Korea, Canada, and several European nations, despite having perfectly good health-care systemsThe countries also had their own financial resources to buy their own doses and had good infrastructure for it to be distributed Next on the list were countries involved with the development of the vaccineGavi, the Vaccine Alliance, a public–private global health partnership with the goal of increasing access to immunization in poor countries, was third on the list Fourth came all the other countries that were not already in any other categoryThe Trump plan never went into action because the Biden administration came to power before the vaccination effort had been fully set up
      See Details: Toyota bleibt grösster Autoverkäufer vor Volkswagen
    • 'It's like he's got more time than anyone I've seen' - Ala'alatoa on what makes Sexton one of a kind

      Confidential vaccine distribution list developed under former President Trump Administration prepared a secret list of which nations would get the doses firstIt placed allied nations ahead of poorer ones with greater needsThe secret list was drawn up during the second half of 2020 and prioritized nations based on their strategic relationship with the U.S. First on the list were allies, including Israel, Taiwan, South Korea, Canada, and several European nations, despite having perfectly good health-care systemsThe countries also had their own financial resources to buy their own doses and had good infrastructure for it to be distributed Next on the list were countries involved with the development of the vaccineGavi, the Vaccine Alliance, a public–private global health partnership with the goal of increasing access to immunization in poor countries, was third on the list Fourth came all the other countries that were not already in any other categoryThe Trump plan never went into action because the Biden administration came to power before the vaccination effort had been fully set up
      See Details: 'It's like he's got more time than anyone I've seen' - Ala'alatoa on what makes Sexton one of a kind

    OTHER NEWS

    Sheffield United eye loan transfer

    © Provided by Football League World Premier League – Liverpool v Crystal Palace Sheffield United are said to be likely to utilise the loan market before the window closes in ... Read more »

    Luis Diaz latest and why Spurs want him, the crazy Adama Traore figures and Daniel Levy decision

    OakgroveSpurs: “Was the decision not to go through with the Adama deal down to Antonio Conte? The finances? The player or Wolves? Alasdair says: “It seems like it’s a number ... Read more »

    Only Fools and Horses legend wants to do new episode but fears BBC is embarrassed by show's best loved scene

    Only Fools and Horses has become such a national treasure over the years that it is hard to imagine a world without it. The iconic comedy came to an end ... Read more »

    Perjelas jika Azam disoal siasat berkait dakwaan pemilikan saham, kata Ahli Parlimen

    © Provided by Free Malaysia Today Fahmi Fadzil (tiga dari kiri) dan Maria Chin Abdullah (dua dari kiri) bercakap kepada pemberita selepas memberi keterangan di Ibu Pejabat Polis Daerah Dang ... Read more »

    Rafael Nadal pushes through to Australian Open final

    Rafael Nadal withstood a fightback from Matteo Berrettini to reach his sixth Australian Open final. Having scraped through a five-set contest with Denis Shapovalov in the quarter-finals, there were doubts ... Read more »

    Liverpool consider late swoop for Spurs target Diaz

    © Associated Press Luis Diaz is wanted by Spurs and Liverpool Liverpool are considering making a late £45m move to sign Luis Diaz from Porto, who are also in talks with Tottenham for ... Read more »

    Beni Baningime: Hearts got themselves 'great player' in Ellis Simms

    © Ellis Simms battles with Celtic’s Carl Starfelt for possession during his Hearts debut at Tynecastle… The pair, who were team-mates at Everton, were second-half substitutes during the narrow defeat ... Read more »

    'The pressure brings the best out of me' - Doak out to prove he's not too young to lead Ulster

    © Billy Stickland INPHO Nathan Doak on the ball for Ulster. NATHAN DOAK DOESN’T want people to focus on his age. Given what he’s achieved at 20, that’s easier said ... Read more »

    Hungarian journalists targeted with Pegasus spyware to sue state

    Hungarian journalists targeted with Pegasus spyware plan to take legal action against the Hungarian state and the Israeli company NSO, which manufactures the tool. © Provided by The Guardian Photograph: ... Read more »

    ‘We are desperate for new people': inside a hate group's leaked online chats

    Leaked chats of the US white supremacist group Patriot Front have revealed the day-to-day organizing of a far-right gang desperate for new members as it seeks a higher profile in ... Read more »

    Malawi president changes finance minister in reshuffled cabinet

    BLANTYRE (Reuters) – Malawi’s President Lazarus Chakwera has changed the southern African country’s finance minister in a reshuffled cabinet, a government statement showed, with the post going to economist and ... Read more »

    Giulia Tanno verpasst Olympische Spiele erneut

    © KEYSTONE/GIAN EHRENZELLER Pech für Giulia Tanno: Die Schweizer Freeskierin verpasst die in einer Woche beginnenden Olympischen Spiele in Peking wegen einer Bänderverletzung im Knie und muss sich operieren lassen. ... Read more »

    Eleven zama-zamas arrested, assets worth R3m seized by Hawks

    © Provided by Times Live A joint team comprising the Hawks’ Serious Organised Crime Investigation unit and Public Order Police members caught the suspects red-handed mining chrome at the mine, ... Read more »

    Quota in promotions: SC rejects plea to do away with quantifiable data collection

    © Provided by Hindustan Times The Supreme Court of India. (HT Photo) NEW DELHI: The Supreme Court on Friday turned down the Union government’s plea to do away with the ... Read more »

    Tajikistan says two dead after clashes with Kyrgyzstan

    Tajikistan said Friday, January 28, 2022, that two of its citizens were killed and 10 injured during overnight clashes at its contested border with Kyrgyzstan, where a ceasefire is now ... Read more »

    Antisipasi Peningkatan Omicron, Pangdam Jaya Siapkan Tower Tambahan

    © VIVA VIVA Militer: Pangdam Jaya Mayjen TNI Untung Budiharto VIVA – Panglima Komando Daerah Militer (Pangdam) Jaya/Jayakarta Mayjen TNI Untung Budiharto yang juga menjabat sebagai Panglima Komando Tugas Gabungan Terpadu ... Read more »

    The Bachelor's Matty 'J' Johnson and Laura Byrne load up trucks as they move house in Bondi - after buying new $1.87million home in Byron Bay

    Matty ‘J’ Johnson and Laura Byrne were busy making moves on Friday.  The Bachelor stars loaded up a moving van outside the home in Sydney’s trendy suburb of Bondi.  Laura, ... Read more »

    Portugal's abrasive far-right leader tipped for surprise poll gain

    © Reuters/PEDRO NUNES Far right political party Chega leader Andre Ventura talks to the news media during a campaign event for the snap elections, in Faro By Catarina Demony FARO, ... Read more »

    Philippines to reopen in February to vaccinated foreign tourists

    © Reuters/ELOISA LOPEZ FILE PHOTO: Philippine holiday island amid COVID-19 outbreak MANILA (Reuters) – The Philippines will grant entry to visitors vaccinated against COVID-19 from Feb. 10, its government said ... Read more »

    Exhibition marks 40 years of BBC Radio Guernsey

    © BBC The exhibition is on display at Guernsey Museum in Candie Gardens Items from BBC Radio Guernsey’s 40 years of broadcasting in the Bailiwick of Guernsey have gone on ... Read more »

    Air India takeover: Aviation minister Scindia says win-win deal for all

    Civil aviation minister Jyotiraditya Scindia on Friday said the Tata Group’s takeover of Air India is a win-win situation for all stakeholders concerned, adding the deal represents a huge quantum ... Read more »

    'Need to Take Mature Decision': Amid Family Feud, Ex-Goa CM Pratapsingh Rane Withdraws From Poll Race

    © Provided by News18 ‘Need to Take Mature Decision’: Amid Family Feud, Ex-Goa CM Pratapsingh Rane Withdraws From Poll Race Pratapsingh Rane, Goa’s longest-serving MLA and former Chief Minister, announced ... Read more »

    Baguio City reports 'plateauing' of COVID-19 cases, downward trend expected in February -Magalong

    Baguio City Mayor Benjamin Magalong on Friday said they are now seeing a “plateauing” of COVID-19 cases in the city and expect a downward trend in February. “Sa ngayon ang ... Read more »

    Rural votes, Ramaphosa getting the boot and factions galore — Fana Mokoena predicts ANC 'collapse'

    © Provided by Times Live The actor, who recently predicted the ANC could elect suspended secretary-general Ace Magashule as its president in its next conference and start the collapse of the party, ... Read more »

    Gen Sitole's woes pile up as Ipid says he's not co-operative

    © Provided by SowetanLive A month after a criminal charge was laid against him, embattled top cop Gen Kehla Sitole says he was not aware he is an accused. Instead, ... Read more »

    BBL Final Live Score, Perth Scorchers vs Sydney Sixers: Both teams aim for record fourth title

    © Provided by Firstpost BBL Final Live Score, Perth Scorchers vs Sydney Sixers: Both teams aim for record fourth title 12:39 (IST) Hello and welcome to the coverage of the ... Read more »

    Rafael Nadal withstands Matteo Berrettini fightback to reach Australian Open final

    Rafael Nadal celebrates his semi-final victory (Andy Brownbill/AP) (AP) Rafael Nadal withstood a fightback from Matteo Berrettini to reach his sixth Australian Open final. Having scraped through a five-set contest ... Read more »

    BREAKING: Rafa Nadal beats Matteo Berrettini to enter Australian Open 2022 final, keep record 21st Slam bid alive

    © Provided by Zee News No. 6 seed Rafa Nadal defeated No. 7 seed and Wimbledon 2021 finalist Matteo Berrettini of Italy 6-3, 6-2, 3-6, 6-3 in the Australian Open ... Read more »

    ‘Bhagwan Ke Liye No Budget' KL Rahul & Chahal Pull Shardul Thakur's Leg In Hilarious Video

    © Provided by MensXP Ahead of the IPL 2022 Mega Auction, Indian all-rounder Shardul Thakur got into some humorous banter with KL Rahul, the newly-announced captain of the Lucknow Super ... Read more »

    Stacey Solomon reveals new hair colour that 'took less than 30 minutes' to create

    Stacey Solomon has been in the limelight for over a decade since first bursting onto the scene after a third place on the sixth series of The X Factor in ... Read more »

    Inside Dallas and Happy Days stars Patrick Duffy and Linda Purl's relationship

    © Provided by Metro Patrick Duffy and Linda Purl got to know each other virtually during lockdown (Picture: Ken McKay/ITV/REX/Shutterstock) Patrick Duffy and Linda Purl have been going strong since ... Read more »

    Comelec urged to conduct another mock polls

    © Danny Pata A man inserts the official ballot into a vote counting machine after casting his vote during the mock election held at the Tenement Elementary School in West ... Read more »

    Ranji Trophy to be Held in Two Phases, Knockouts in June: BCCI Secretary Jay Shah

    © Provided by News18 Ranji Trophy to be Held in Two Phases, Knockouts in June: BCCI Secretary Jay Shah Lifting the uncertainty surrounding the fate of Ranji Trophy, BCCI secretary Jay ... Read more »

    Warriors' Stephen Curry and Klay Thompson combine for vintage Splash Brothers performance vs. Timberwolves

    Steph Curry snapped out of the worst shooting slump of his career and had help from Klay Thompson, who knocked down five triples as well, as the duo turned back ... Read more »

    Höherer Gewinn: Duftstoffhersteller Givaudan wächst kräftig

    Givaudan hat auch im zweiten Jahr der Pandemie weiter zugelegt. Organisch wuchs der Aromen- und Duftstoffhersteller gar wie seit zehn Jahren nicht mehr. Unter dem Strich resultiert auch ein höherer ... Read more »

    Meek Mill pumped after Joel Embiid leads 76ers past LeBron James-less Lakers

    …and that's a wrap goodnight from the atSixers admin and @MeekMill! pic.twitter.com/6mIZ3kbtpX — Philadelphia 76ers (@sixers) January 28, 2022 PHILADELPHIA — Meek Mill crashed a 76ers press conference and gave ... Read more »

    From Cory to Duterte: A look into how long Philippine presidents work in a day

    How could someone work eighteen hours a day? Or is this actually the norm for public servants? This was the question that occupied many on social media after Vice President ... Read more »

    Where to get Rare Candy in Pokémon Legends: Arceus

    © Provided by GamePur Rare Candy in Pokémon Legends: Arceus can be a major help to those who’ve found themselves stuck with underwhelming Pokémon. As with previous installments, the Rare ... Read more »

    How to customize your character in Pokémon Legends: Arceus

    © Provided by GamePur While it is certainly not one of the main areas of focus in a Pokémon game, people love to customize their character. Sometimes it is to ... Read more »

    How to catch Shiny Pokémon | Pokémon Legends: Arceus Shiny hunting guide

    © Provided by Dot Esports Shiny Pokémon have always been a fascinating mechanic in the franchise, giving players extremely rare encounters with Pokémon that feature alternate color schemes and unique ... 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