rose more than 8% in extended trading after the company's announcement that it had reinstated former CEO Todd Vasos.revealed that inflation still stubbornly persists, pushing bond yields higher. CPI rose 0.4% in September, and gained 3.7% from 12 months earlier.Besides fears over disappointing earnings and another potential rate hike, investors have also turned their concerns to the ongoing Israel-Hamas war, which could potentially threaten global oil supply and prices.
"We'll have some companies that will disappoint but I think for the most part, earnings are probably going to surprise investors to the upside," she said. "Investors are too pessimistic. We expect that companies are going to be able to manage this pretty well." Tengler added that she believes stocks will end the year with a rally, led by the technology and industrials sectors.
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