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Tag: PNC’s

Winning Main Street trade is moving too far, too fast, PNC’s Amanda Agati says

Finance
PNC Financial's Amanda Agati warns a winning Main Street trade may burn investors.According to the firm's chief investment strategist, fundamentals don't support small cap value's recent strong run."If you just look at things from a forward P/E [price to earnings] perspective, small cap value is at an all-time high, if you can believe it," she said on CNBC's "Trading Nation" on Thursday. Over the past three months, the Russell Small Cap Value Index has rallied more than 19% versus the broader S&P 500 which is up about 16% in the same period. Agati finds it troublesome."There's a big disconnect between the haves and have nots as it relates to Wall Street and certainly Main Street," she said.In a special note to CNBC, Agati explained it's important pay attention to the growth backdr...
Market’s historic rebound may soon hit a breaking point, PNC’s Amanda Agati warns

Market’s historic rebound may soon hit a breaking point, PNC’s Amanda Agati warns

Finance
PNC Financial's Amanda Agati is on alert. With the major indexes on the cusp of their second positive month in a row, the firm's chief investment strategist believes stocks are getting too expensive, and the historic rebound may soon hit a breaking point."The market is getting pretty far ahead of itself," she told CNBC's "Trading Nation" on Thursday. "The market is really pricing for perfection here."Since the March 23 low, the S&P 500 and Dow have surged 38% and 39%, respectively. Meanwhile, the tech-heavy Nasdaq is seeing an even bigger rally. It's up 41% since then."It's not the good kind of multiple expansion that we're seeing here with the bottom dropping out of earnings especially for smaller cap names where leverage is basically sitting at all-time highs," said Agati.Accord...
This is the ‘key driver’ in PNC’s bull case for Q4

This is the ‘key driver’ in PNC’s bull case for Q4

Finance
PNC Financial's Amanda Agati expects the fourth quarter to take investors on a wild ride.But that doesn't mean investors will be clutching their stomachs the whole time.According to the firm's chief investment strategist, stocks should still deliver gains for investors over the next three months despite the recent batch of sluggish economic reports."We're feeling the effects of that hangover from a slower sluggish summer in the data that's coming out more recently. So, no question the data is mixed. Soft data is just that: It's soft," Agati said Friday on CNBC's "Trading Nation."Agati, who doesn't envision a recession hitting the U.S. until at least 2021, believes the bullish driver will be third quarter earnings season, which is scheduled to kick-off the week of October 14. "Q3 and Q...