Yahoo Finance Are living host Brian Sozzi delivers a speculative forecast of what to expect in 2022 in relation to current market corrections, the housing marketplace, Kohl’s, Coinbase, Robinhood, Intel, Apple, Microsoft, and Berkshire Hathaway.
Video clip Transcript
JULIE HYMAN: It is the minute you have all been ready for– at minimum the second I’ve been ready for. Brian Sozzi giving up some of his predictions for 2022. Acquire it absent, Brian.
BRIAN SOZZI: Yeah, and I’ll increase the caveat off the top right here, Julie. I want to make these relatively achievable predictions. I didn’t want to appear out listed here and make buffoonish phone calls. I am not Nouriel Roubini. First prediction listed here at minimum one 20% market correction up coming calendar year. I assume the market will have to modify at some point to this new fact of the Fed mountaineering desire prices to command inflation. At minimum one particular 20% correction at some point in the calendar year.
Up coming up, house costs up one more 10%. I think that is unquestionably doable. This year, a quite robust 12 months for household gross sales, dwelling costs. Up coming calendar year most likely to be the comparable– really see very similar issues since stock remains quite low.
Up coming up, 1 we talked about early in the 7 days, but I will reiterate it. New administration at Kohl’s. Why? Simply because it truly needs it. The firm is dealing with its 2nd activist investor attack right now. It fended one off previously in the calendar year. Bottom line the, stock price tag has been complete trash for the previous five decades under present administration. They want to adjust it up.
Up coming up, Coinbase and Robinhood shares stop the 12 months greater. Both equally of these shares, IPOs of this calendar year, have been less than critical force this 12 months. I think at some place upcoming yr. You will see investors get started to phase in right here underneath the thesis that each of these firms are functioning quite robust platforms with stable moats all-around them.
Up coming, I would say this is quite achievable. Microsoft and Apple end the calendar year above $3 trillion market place caps. Apple is knocking on that door appropriate now– about 2.93 trillion. Microsoft at about $2.6 trillion. Theoretically, equally can get there someday in the first quarter immediately after robust holiday getaway seasons.
Up coming up, Intel will get GlobalFoundries. That rumor was producing the rumor mill in the summer, below. It helps make sense to me. I’ve protected Intel extensively this yr. I consider Pat Gelsinger needs to– the CEO– wants to make a large splash. Wants to just maximize capability for Intel about the globe. One way to do that is to shell out up to acquire GlobalFoundries– a Fab maker.
And past but not minimum, Julie, Warren Buffett, I feel, this yr passes the CEO baton at Berkshire Hathaway. This 12 months, he signaled for the 1st time, through Yahoo Finance special coverage, that he’s contemplating that Greg Abel could possibly be that successor to him as CEO. He is 91 many years outdated. Again, you will find no outward indications that he is slowing down, but nevertheless, at some level, you would consider there has to be a baton switch atop Berkshire Hathaway, and it’s possible subsequent calendar year is it.
JULIE HYMAN: Which is all? Why not 20 predictions, Soz?
BRIAN SOZZI: I did have 15.
JULIE HYMAN: I am just kidding. You the blanket strategy I like this.
BRIAN SOZZI: I did have 15, but I experienced to make a Tv-friendly.
JULIE HYMAN: As you know, I do not make predictions as a matter of Julie Hyman coverage. Nevertheless, the only quibble I would have with these– due to the fact they do appear to be quite achievable– is that if the current market goes down 20%, that ain’t just a correction, bud. Which is a bear market place. I do not know if we are likely to see a further one of those so before long right after 2020, but, you know, could be.
BRIAN SOZZI: Properly, notice, you know, the excellent way to make a prediction, Julie, is it’s under no circumstances definitely set a timeline on it. I said at minimum a single 20% current market correction. Failed to say what month didn’t. Say what week. It may possibly take place at some level following 12 months, so when it does transpire, we can come back again in this article and just say how remarkable we ended up.