Walter Price, portfolio manager at Allianz RCM Technology Fund, told CNBC’s “Squawk on the Street” that the technology sector still looks strong.
Linda Shesto, managing director at Divine Capital, told CNBC’s “Squawk Box” that she looks for a market correction of 3% to 5%.
Allen Sinai, chief global economist at Decision Economics, told CNBC’s “Morning Call” that the stock market is not overvalued. ... He also said Federal Reserve Chairman Ben Bernanke gets high marks.
Julia Stewart, chairman and chief executive officer of IHOP, told CNBC’s “Morning Call” that franchising will re-energize Applebee’s, which IHOP is acquiring for $2.1 billion.IHOP, which franchises nearly all of its restaurants, plans to franchise a majority of Applebee’s 508 company-operated restaurants.
Richard Hastings, senior retail analyst at Bernard Sands, told CNBC’s “Squawk Box” that the buying power of the bottom one-third of consumers is falling.
Matthew Meyer, managing director at AIG Investments, told CNBC’s “Power Lunch” that the bond market now suffers from a metaphorical distress: “We think there’s still some indigestion in the market,” Meyer said Friday. “…We think there could be some more spread widening, but we think there could be some attractive opportunities.”
Robert Brusca, chief economist at Fact and Opinion Economics, told CNBC’s “Morning Call” that economic fundamentals are in “great shape.” “When you look at the consumer, the important thing is that jobs are growing very firmly, wages are growing at a good pace and this is underpinning income growth,” Brusca said Friday. “When the consumers have good income growth, they’re going to spend.”
Boone Pickens, Texas oilman and chief executive of BP Capital, told CNBC’s “Squawk Box” that he expects oil to hit $80 a barrel before he turns 80 next May.
John Snow, chairman of Cerberus Capital Management and former U.S. Treasury Secretary, told CNBC’s “Street Signs” that raising taxes on private equity would harm the nation’s economy and erode retirement benefits for many working people.