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(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day) Word of the day: Patience Stephanie Link, chief investment strategist of Hightower Advisors said investors need to wait for the opportunities in the market and not chase trends. “The economy is holding up, so bodes very well for earnings going forward so you want to pick your spots.” Link said. She added: “You don’t have to chase. Make a list of the names that you like and as they come down you add on the weakness.” Fed cuts and the August jobs report Chantico Global CEO Gina Sanchez said Federal Reserve rate cuts could be a double edged sword for the markets. “This is very much a Goldilocks scenario, where you have to get just right. A little too much could actually spook the markets.” Sanchez said on Worldwide Exchange about the impact of a quarter-point cut compared to a half-point cut. “Getting 50 basis points would really potentially send shivers into the market, basically saying a we could be going into a deeper slowdown or recession,” said Sanchez. Stock picks Link is bullish on Broadcom’s (AVGO) long-term artificial intelligence narrative, saying AI revenue is expected to be a $150 billion opportunity over the next 5 years. But she admits, it’s a risky play ahead of earnings after the bell on Thursday. Link does believe the stock’s 4% decline in the third quarter creates a buying opportunity. “It’s a risk to buy ahead of the quarter, but for the long term I have no doubt this company is a winner,” said Link. Mystery chart: Xpeng Xpeng (XPEV) shares are higher ahead of the open on an upgrade from JP Morgan to overweight. Analysts say expect the EV makers upcoming models to give a boost to quarterly deliveries. XPEV 1D mountain Xpeng, 1 day
Investors say be patient before buying dip, look for opportunities in stocks like Broadcom
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