CIO Scott Martin Interviewed on Fox News 4.27.22 Pt. 1

Kingsview CIO Scott Martin discusses Facebook, Amazon and Apple. He also talks about a reduction in Robin Hood’s workforce and his expectation for the stock.

Program: Cavuto Coast to Coast
Date: 4/27/2022
Station: Fox Business News
Time: 12:00PM

NEIL CAVUTO: That’s something we’re we’re keeping an eye on. How much ground could be made up for that? We get a read from Scott Martin, Kingsview Asset Management CIO Jonathan Hoenig as well. Scott, when you look at a day like today, I do notice it’s very, very hard for the market to put two back to back winning days together. They’ll get a, you know, a spurt of activity and all of a sudden it will dissipate and then more. The common rule is to sell than to buy. That might change, but it has been a pretty reliable rule of thumb. What do you make of that?

SCOTT MARTIN: Yeah, a factor of the market phase right now, Neil, you mentioned it. I mean, alpha earnings, you get good earnings, you get good revenues and the stock goes up and then gets sold throughout the day. So that’s the phase we’re in and that’s going to continue, I think, through this earnings season. But you mentioned a couple of names in your intro there. My goodness. I mean, Facebook coming out very soon. Amazon and Apple have to come out as well. The good news is, I think if there’s any silver lining with what happened with Netflix some days ago, the expectations are starting to come down. Google yesterday, too. So as these companies come out with new reports, if Facebook does fall flat on its face, pun intended, you might not have as big of a sell up as you one might think, because I think some of the things are happening in Facebook today, selling off right now that are getting into expectations of maybe lackluster earnings here, at least for this period of time.

CAVUTO: Well, if that happened to Facebook, that would be a major disappointment. See what I did there? It’s a meta. All right. Listen, guys, if you hate my wit, then, well, no one appreciates my wit. Jonathan Hoenig, let me ask you a little bit about and we’ve touched on this before, Jonathan, what you tell investors these days, some of them, especially with the big technology names and even with the fall off of some of them that have gone well into bear market territory, they still made a lot of money on them. And one investor was telling me, I just don’t want to run it back down to no gains at all. So what do you tell them to do?

JOHNATHAN HOENIG: Well, it’s all about one’s own individual context, Neal, and also expectations and also stocks themselves. I mean, as you mentioned, some of the names like Facebook, like Microsoft, Netflix down 70% year to date. So even made up, for example, it’s down 50% year to date. Well, now it has to gain 100% just to get back to even. So, I think some expectations setting is in order here. Look, we’ve had a dramatic comeback since the pandemic lows, everything from the meme stocks to the FAANG stocks, the technology across the board. So these are the names that have led the market on the way up and the fact that they’re sputtering, as Scott mentioned, sputtering so heavily now. I mean, even today, Neil, 555 new lows, only about eight new highs. So the market’s having trouble getting going without tech leading the charge.

CAVUTO: You know, guys, what I thought was kind of interesting and maybe a story of our times is what happened. Robinhood, you know, now announcing it’s going to lay off 9% of its workforce. This was sort of the means by which a lot of young people in particular, as you know, Scott, got into the market. And I’m wondering if that is saying something about the frenetic activity behind that and whether this is an indictment of that. What do you think?

MARTIN: There was just a flash in the pan for Robin Hood. It was also the Darling Neil to steal that word from you, the darling of the IPO smash that was going on about a year, a year and a half ago. So they got public, they got liquid. A lot of folks got rich off of that. They were privately holding those shares and they kind of succeeded in that route. But once they came out, once you kind of saw what the company was all about, had some trading issues and some other things going on there at the company that were not well run. Obviously, it got the right valuation and continues to do so. And of course, competition. I mean, with respect to what they’re doing, they’re not doing anything amazing with respect to how their business is. So therefore, as they continue in their say line of fight here, I expect the stock to go lower.

CAVUTO: For technology as a group. How are you playing at these days, Jonathan?

HOENIG: Well, I mean, I’m actually avoiding it, Neal. I mean, you know, technology is such a major part of the S&P 500 of the Dow. I mean, these companies aren’t tech companies anymore. You know, Apple, Microsoft, Netflix, these are the stalwarts of the old overall economy. So even if some of our viewers don’t think that they’re overweight in technology, just that S&P 500 index fund is likely has a big portion of it in technology stocks anyway, as Scott alluded to. I mean, look, the times are different now. We’re not in the midst of the pandemic, the peloton’s, the the zooms, those stocks are underperforming now. And inflation is the big story now. I mean, the ten year yields gone from about 1.6% to two and one half percent in just one year. So these are different times. I think they requires a different different portfolio than just technology stocks.

CAVUTO: All right, guys, if you can just stay right there. Want to get the latest right now on.


CIO Scott Martin Interviewed on Fox News 10.15.21

Kingsview CIO Scott Martin discusses the psychology and emotion involved in investing, and trusting the system. He also talks about Amazon and Netflix, and expectations for Q4.

Program: Making Money with Charles Payne
Date: 10/15/2021
Station: Fox Business News
Time: 2:00PM

CHARLES PAYNE: So we know historically October, the most volatile month for the market, but also the month that sees that September weakness morph into a launching pad for a year end rally. And it looks like that may be happening this week. I want to bring in the market bros Scott, Martin, Rob Luna and before we even talk about that, both of you guys are very passionate about getting people into the stock market. In fact, Rob, I was reading your website today and something struck me quote. My mission is to mentor anyone who is willing to build and put in the hard work to secure their own business, invest in their future, for their future. You know, I think that’s the biggest hurdle, right? People now you kind of rely on social media. You get these tips. We call them water cooler tips. So it’s easy to find stock ideas, but really, you got to put a little bit more elbow grease in there. Isn’t that true?

ROB LUNA: Yeah, I mean, that’s exactly it, Charles. And especially when you look at our community being a Cuban-American yourself, African-American, the numbers are horrible. Charles Less than 10 percent of Latinos are invested in the market. 13 percent of African-Americans in my academy minorities represent over 75 percent. I’m really proud of that. We need to start educating these people. There’s a lot of wealth that’s being built and created in this market. But people need to get in, but they need to spend the time to do it the right way. It’s not on chat boards, it’s not reading news clips. It’s really understanding how to analyze, manage risk and invest in good long term quality companies.

CHARLES PAYNE: And of course, Scott, we’ve had this record amount of money pour into this market. So these new investors are getting in there. And this is one of the biggest tests the last few weeks for them. What is the key thing? Maybe they should take away from it that they should understand?

SCOTT MARTIN: I like the term hard work Charles and Rob has been great at that mantra. His whole career and the hard work for me working with clients too is the emotional aspect. I mean, you talk about the new investors. Charles, Rob talks about some of the minorities that need to trust the system, which you know, it’s hard number one. But number two, think about your emotions of when you invest. You know, people too many times compare their selves themselves to other investors. They compare themselves to that, you know, half brother, half sister, that half cousin, whoever it is that has that great idea, that investment in oil or cannabis that went crazy. You’ve got to understand your own psychology when you’re going into investing to know what you expect out of it, what you can take both on the upside and downside and how you’re going to deal with it.

PAYNE: I’ve got to ask you guys about earnings season. Let’s go to next week because we talked a lot about this week Squid Games, the hottest thing in the world. Will that make Netflix a buy before the earnings? Scott, would you be in this stock?

MARTIN: We already own it, man, and I got chastised and raked over the coals in May when we took it out of our managed stock portfolios in favour of Amazon. So we took out Amazon, which was taboo to ever sell and bought Netflix. Let’s look at the chart. That was actually a pretty good move. You know what’s funny, too? I don’t like Squid Games. I know I’m getting a ton of hate mail about it. I don’t think it’s that good. But I think a lot of their other content is geared. Charles. Sub numbers should look pretty good this past quarter. And so I like Netflix here going forward, especially into Q4.

PAYNE: Rob, are you? Are you? Would you be a buyer or owner? And if not, would it be like right now, Rob, what’s a fresh idea since we spoke last?

LUNA: Yeah, I mean, I think Scott’s a better stock picker than he is media critic. I think that’s a great game, a great show. I’ve been binge watching it for the last week. You know, I think you’ll look the fangs reporting next week. All of these companies are good long term holds, not trading around them. What I wanted to bring, though I knew it was coming up against some heat with the market bros I wanted to bring a fresh idea. That idea today is simple. Tigr, tigr, it’s up. Fintech. Look, there’s some controversy surrounding this. It’s a Chinese based company. A lot of online brokerage fintech, right? Take a look at this, though a big move into the US stocks down 30 percent in the last five years.

PAYNE: Take a look. I’ve got an admission. I’m in it with my subscribers and we are getting shellacked, so I’m so happy someone else is getting in there. And by the way, another admission I want you, Scott. I watched half an episode of Squid Games. Let’s say people may love it. I’m going to give it another shot over the weekend. And I do like Netflix. Guys have a great weekend.