Zacks Investment Management

06/03/2026

Is the AI rally still in early innings? Chief Market Strategist Brian Mulberry recently joined BNN Bloomberg to discuss the evolution of AI investment and where he sees opportunity right now.

AI servers are now using 12 times more memory chips than previous generations, driving triple-digit year to date returns in names like SanDisk, Western Digital, and Micron. As Brian shared, "the growth that we've seen in this AI capex spending has just kind of had these rolling waves into different components, memory being the latest one."

He also weighed in on Nvidia's new RTX Spark processor chip coming to PCs, calling it "a real game changer," and explained why he sees durable upside in memory names for the next three to five years.

Watch here: https://www.bnnbloomberg.ca/video/shows/morning-markets/2026/06/01/is-the-ai-rally-still-in-early-innings/

Brian Mulberry, chief market strategist at Zacks Investment Management, joins BNN Bloomberg to discuss the outlook on the markets.

06/03/2026

Q1 economic growth revised down, tariff refunds, summer jobs scarce
View more in our latest article: https://zacksim.com/blog/q1-economic-growth-revised-down-tariff-refunds-summer-jobs-scarce/

In today’s Steady Investor, we examine the forces behind the market’s recent resilience, and the risks that could challenge it in the months ahead, including:

06/02/2026

With households feeling pressure, why is the stock market booming?
View more in our latest article: https://zacksim.com/blog/with-households-feeling-pressure-why-is-the-stock-market-booming/

According to the widely watched University of Michigan Consumer Sentiment Index, Americans are not feeling good about the economy.

05/29/2026

Walmart and Target both sold off after their latest earnings reports, yet Chief Market Strategist Brian Mulberry says the market may be getting ahead of itself. Joining Yahoo Finance in-studio, Brian pointed out that Walmart has a history of "lowering the bar, making it a little bit easier to beat those expectations" before going on to beat earnings estimates repeatedly, a pattern worth keeping in mind before reading too much into the cautious guidance.

Brian also discussed the consumer backdrop and rate environment, pointing out that with 30-year mortgage rates near 6.75%, many consumers are choosing to stay put and invest in renovation projects instead of moving.

Watch here: https://finance.yahoo.com/video/walmart-home-depot-consumer-retail-103000165.html

Retail names, including Walmart (WMT), Target (TGT), Lowe's (LOW), and Home Depot (HD), all reported quarterly earnings this week. Zacks Investment Management chief market strategist Brian Mulberry joins Yahoo Finance to share his thoughts on the earnings prints, how oil (CL=F, BZ=F) prices and Trea...

05/29/2026

U.S. stocks closed out another strong week, with markets shrugging off rising crude-oil prices and Treasury yields. Chief Market Strategist Brian Mulberry spoke with Joseph Adinolfi at MarketWatch, pointing to solid earnings from major retailers including Walmart, Home Depot, Target and Lowe's as a key driver of investor optimism. As Brian put it, the results are "pushing back against the idea that we're looking at stagflation or recession."

Read more: https://www.marketwatch.com/livecoverage/stock-market-today-dow-jones-s-p-500-nasdaq-us-iran-peace-deal-potential-oil-prices/card/optimism-about-the-u-s-consumer-is-helping-lift-stocks-on-friday-strategist-says-zsdBqngXRjKWLUkBsxKC

U.S. stocks were on track for another round of record finishes on Friday, even as crude-oil prices and Treasury yields were rising. Brian Mulberry, senior portfolio manager at Zacks Investment Management, said investors found plenty to like in the latest earnings reports from a number of major U.S.

05/28/2026

2026 is shaping up to be a "prove it" year for AI stocks, and it's bringing fundamentals back to the forefront. Our Head of ETFs Salvatore Esposito joined Ryan Nauman on Zephyr's Adjusted for Risk podcast, recorded live at the ETF Exchange conference in Las Vegas, to discuss why Zacks' earnings-driven process is built for this kind of market.

Sal explained that Zacks' Indicator model evaluates analyst agreement, earnings magnitude, upside potential and surprise, and it is applied consistently across all of our products, from SMAs to our growing ETF lineup. He also made the case for active management in small/mid caps and international equities, noting that "if you're riding the wave with the index, you might not have anything in your tool bag to combat" a downturn.

Listen here: https://www.wealthmanagement.com/investment-news/zephyr-s-adjusted-for-risk-why-2026-is-a-prove-it-year-for-many-ai-stocks

Sal Esposito discusses how mega-cap tech leadership is shifting back to fundamentals as investors demand real AI results

05/28/2026

Eli Lilly's latest round of acquisitions is turning heads, and Chief Market Strategist Brian Mulberry sees it as a sign of just how dominant the company has become.

"It does provide a lot of upside to Lilly's potential," Brian shared with Mallika Mitra at The Daily Upside. "They have clearly won the GLP-1 market out of sheer scale and volume of production, and one of the key drivers of these new acquisitions will be once fully approved, Lilly has the industrial base to meet the demand of the market."

Brian also drew a parallel to Nvidia, noting that Lilly has "multiple products that are in high demand" and has "been able to ramp up production capacity to a scale that balances the needs of the market with strong margins protecting shareholders."

Read more: https://www.thedailyupside.com/industries/healthcare/eli-lilly-notches-3-new-deals-and-positive-early-results-for-cholesterol-shot/

The highest dose of a single injection reduced cholesterol levels by 62% in patients, according to Eli Lilly's recently published study.

05/27/2026

Global bonds inch up, AI power demand, Fed open to rate hikes
View more in our latest article: https://zacksim.com/blog/global-bonds-inch-up-ai-power-demand-fed-open-to-rate-hikes/

05/27/2026

Bank lending trends show risks and opportunities in today’s market
View more in our latest article: https://zacksim.com/blog/bank-lending-trends-show-risks-and-opportunities-in-todays-market/

Commercial and industrial lending by U.S. banks surged 12.7% in the first quarter, the fastest pace of growth since 2022. I think there are fundamental and regulatory reasons bank lending is growing, which is what I mean by “opportunity” in today’s market. I’ll explain more below.

05/23/2026

Is the long-rumored demise of the U.S. consumer overstated? Chief Market Strategist Brian Mulberry joined Liz Claman in-studio on Fox Business Network’s “The Claman Countdown” and shared that strong retail spending data is driving a real opportunity in consumer names. He noted that "retail sales over $650 billion last month, that's up 5% year over year, so what you're finding is there's durable spending out there."

Brian also weighed in on the Nvidia vs. Walmart debate, emphasizing that Walmart's investment in AI-powered e-commerce gives it more room to grow where Nvidia's upside may already be priced in. He also flagged the one risk keeping him up at night: the possibility that AI data center buildout slows, creating collateral damage across AI-adjacent sectors.

Watch here: https://www.foxbusiness.com/video/6396175419112

Zacks Investment Management chief market strategist Brian Mulberry says Walmart has made heavy investments in AI tools on ‘The Claman Countdown.’