Speaker · Updated

Courtney Garcia: latest market views

Payne Capital Management

Summary

Courtney Garcia is a Senior Wealth Advisor and Certified Financial Planner at Payne Capital Management, a New York boutique wealth management firm, where she sits on the investment committee.

Chorus has 17 views from Courtney Garcia across 3 episodes on CNBC Fast Money and CNBC Closing Bell since October 21, 2026. Their latest calls: bullish on Alphabet, Amazon.com, Costco Wholesale and Delta Air Lines; bearish on Anthropic and JetBlue Airways.

Where they stand

Their latest bullish or bearish call on each company.

What they talk about most

The latest views

Newest first. Every quote is checked against the episode's transcript.

  • AnthropicBearish

    Revenue slowdown at Anthropic and OpenAI should concern investors more than their losses.

    Garcia says the slowdown in revenue growth is more worrying than the large losses at OpenAI and Anthropic. Growth reportedly fell from about 140% to about 45%. She says excitement about Anthropic's IPO as the first pure-play AI company will likely be priced in quickly, so the growth slowdown is what matters.

    “it's the slowdown in revenue that I think should concern people significantly, in both OpenAI and Anthropic.”at 9:22

    CNBC Fast Money: Anthropic’s long-awaited IPO filing... And next Fed decision on deck 10/26/26 ·

  • Amazon.comBullish

    Amazon benefits from Anthropic's IPO as a large investor and from cloud compute demand.

    Garcia names Amazon and Alphabet as secondary beneficiaries of the Anthropic deal. Both are large Anthropic investors and will get a bump if the IPO goes well. They also benefit later, as Anthropic's cloud compute spending flows to them. She suggests investors look at these angles because the pure-play exposure may already be priced in.

    “Amazon and Alphabet who are large investors of Anthropic and will get a bump from that if it does IPO positively”at 9:39

    CNBC Fast Money: Anthropic’s long-awaited IPO filing... And next Fed decision on deck 10/26/26 ·

  • AlphabetBullish

    Alphabet benefits from Anthropic's IPO as a large investor and from cloud compute demand.

    Garcia names Alphabet, alongside Amazon, as a secondary beneficiary of Anthropic's IPO. Alphabet is a large Anthropic investor and will get a bump if the listing goes well. It also benefits as Anthropic's cloud compute demand comes through. She argues investors can benefit from the AI trade through these holders even without owning Anthropic directly.

    “Amazon and Alphabet who are large investors of Anthropic and will get a bump from that if it does IPO positively”at 9:39

    CNBC Fast Money: Anthropic’s long-awaited IPO filing... And next Fed decision on deck 10/26/26 ·

  • TeslaNeutral

    Tesla's car business is improving, but its 207x forward multiple reflects SpaceX merger hopes.

    Garcia says Tesla's core car business is expected to grow after two years of decline, which she calls partly justifiable. However, Tesla has never traded like a car company. It trades at about 207 times forward earnings, largely because of a possible SpaceX merger that could move future revenue into SpaceX. She expects the stock to be priced accordingly if the deal happens.

    “I mean, their fundamental business always was their cars... Right? And they're actually expected to have growth after two years of decline. So I do think there is some of that that's justifiable.”at 30:50

    CNBC Fast Money: Anthropic’s long-awaited IPO filing... And next Fed decision on deck 10/26/26 ·

  • Credit markets

    Bonds and municipals look attractive after the rate move; clients are rebalancing into them.

    Investors have disliked bonds because prices fell as rates rose. But new bonds are a great opportunity after the recent move in rates, and the last month has offered a good entry point. Her firm is advising clients to rebalance into bonds and take losses in municipal bonds, because municipals still look attractive. She expects the Fed is very unlikely to cut next month and very likely to cut or hike by the end of the year.

    “Actually, kind of the opposite. I think people have been hating bonds... But yes, new bonds, a great opportunity, and especially if we have seen a lot of the move in rates, that has been your good opportunity to do this is the last month or so.”at 38:26

    CNBC Fast Money: Anthropic’s long-awaited IPO filing... And next Fed decision on deck 10/26/26 ·

  • Delta Air LinesBullish

    Delta is a higher-quality airline to own than weaker-balance-sheet peers amid high oil prices.

    With Middle East tensions and high oil prices, investors should prefer higher-quality airlines. Delta is the example, in contrast to weaker-balance-sheet carriers like JetBlue.

    “I think you want to be in the higher quality names like a Delta, for example.”at 42:27

    CNBC Fast Money: Anthropic’s long-awaited IPO filing... And next Fed decision on deck 10/26/26 ·

  • JetBlue AirwaysBearish

    JetBlue is hit harder than peers due to the weakest airline balance sheet; debt concerns are a warning.

    JetBlue is getting hit harder than the other airlines because it arguably has the weakest balance sheet in the sector. When a stock is falling on debt concerns, investors should be more cautious. The backdrop of Middle East tensions and high oil prices adds pressure.

    “They're getting hit harder than the other airlines because they have, arguably the weakest balance sheet of the airline. So I think when you're coming into this and you're having all these tensions in The Middle East, oil prices are high.”at 42:27

    CNBC Fast Money: Anthropic’s long-awaited IPO filing... And next Fed decision on deck 10/26/26 ·

  • Costco WholesaleBullish

    Costco benefits from value-seeking shoppers and a resilient higher-income consumer ahead of the holidays.

    People are concerned about inflation, so they want value. At the same time, higher-income consumers are holding up better, and they still shop at Costco while frustrated with inflation. Going into the holidays, these trends should keep benefiting Costco. Its exposure also diversifies investors away from AI.

    “people are concerned about inflation, so they want value right now, but they also have a higher income consumer. So you have that consumer who is holding up better.”at 45:54

    CNBC Fast Money: Anthropic’s long-awaited IPO filing... And next Fed decision on deck 10/26/26 ·

  • AI infrastructure & data centers

    AI trade isn't over, but capex ROI concerns will keep being scrutinized after Meta's results.

    Courtney says the AI trade is not over and investors should stay in it. She expects capex to keep being scrutinized because earnings season is now showing the spending numbers. Meta's Muse consumer adoption has been a wild success, but investors don't see the ROI yet, and she expects that to continue. Days like this show money rotating into other areas such as software, not leaving equities.

    “I don't think the AI trade is over by any means. I think you do wanna remain here, but I think this question over CapEx concerns is gonna be continue to be scrutinized”at 2:33

    CNBC Fast Money: Parts Of Tech Showing Strength Amid Sell-Off… And A Catch-Up Call In Oil 10/23/26 ·

  • General Motors CompanyBullish

    General Motors is a rate-sensitive cyclical name hit hard and worth adding for near-term upside.

    Courtney is leaning in and adding GM back to her models. She wants industrials, small caps and anything more interest-rate sensitive that has been hit harder, because she sees those as areas of opportunity. She thinks other areas are better buys in the short term, and GM's earnings profile supports adding it.

    “I'm also leaning in and again changing some models, actually adding back in a GM, Home Depot, which we've talked about, even a Delta Airlines.”at 13:07

    CNBC Fast Money: Parts Of Tech Showing Strength Amid Sell-Off… And A Catch-Up Call In Oil 10/23/26 ·

  • The Home DepotBullish

    Home Depot is a rate-sensitive name hit hard and worth adding for near-term upside.

    Courtney is adding Home Depot back to her models. She argues rate-sensitive areas that have been hit harder are better buys in the short term. She says lower rates would open up the frozen housing market, meaning more people need furniture and home products. She doesn't think that unlock is around the corner.

    “I'm also leaning in and again changing some models, actually adding back in a GM, Home Depot, which we've talked about, even a Delta Airlines.”at 13:07

    CNBC Fast Money: Parts Of Tech Showing Strength Amid Sell-Off… And A Catch-Up Call In Oil 10/23/26 ·

  • Delta Air LinesBullish

    Delta is a rate-sensitive, cyclically hit airline and a near-term buy as an earnings story.

    Courtney says she is adding Delta back into models with GM and Home Depot. She describes these as companies whose earnings profiles look strong but that were hurt by cyclicality and interest-rate sensitivity. She sees areas that were hit harder as the better buys in the short term.

    “I'm also leaning in and again changing some models, actually adding back in a GM, Home Depot, which we've talked about, even a Delta Airlines.”at 13:07

    CNBC Fast Money: Parts Of Tech Showing Strength Amid Sell-Off… And A Catch-Up Call In Oil 10/23/26 ·

  • Williams-SonomaUncertain

    Williams-Sonoma is executing well, but at 24-25x forward earnings much of the excitement may be priced in.

    Courtney says housing expectations are very low because the housing market is frozen, yet Williams-Sonoma is executing well, which is benefiting the stock. Her concern is valuation, which trades at about 24 to 25 times forward earnings. She asks how much of the excitement is already priced in. She expects a bigger unlock only when rates fall enough to open the housing market, which she doesn't see soon.

    “my only concern here is the valuation and now trades like 24, 25 times forward earnings. So I think the question is how much of that excitement is already priced in.”at 30:56

    CNBC Fast Money: Parts Of Tech Showing Strength Amid Sell-Off… And A Catch-Up Call In Oil 10/23/26 ·

  • AI infrastructure & data centers

    Markets are questioning whether AI spending by hyperscalers will ever turn into profitable revenue.

    Garcia says it is a genuine question whether AI use cases will eventually generate revenue that is profitable. Investors backing AI spending are asking whether each dollar is worth it. Earlier earnings reports justified the spending, but the question has returned after this earnings report.

    “I think the question is for all of the financial backers here, is that really worth every dollar they're spending? And everybody's starting to question that.”at 43:42

    CNBC Fast Money: Parts Of Tech Showing Strength Amid Sell-Off… And A Catch-Up Call In Oil 10/23/26 ·

  • Middle East & Iran

    Gulf geopolitical headlines matter little for markets unless they hit consumer spending or earnings.

    Garcia says geopolitical headlines usually have less market impact than people assume. They matter only if they affect consumer spending or companies' business and earnings. She says to keep the Gulf embassy report in the back of your mind. She sees oil as the more important thing to watch, because it affects stock sentiment.

    “these geopolitical headlines don't have as much of an impact, I think, on the markets as one would lead you to believe. I think as long as it's nothing that's gonna affect how the consumer is spending or companies are doing business”at 17:32

    CNBC Closing Bell: Closing bell 10/21/26 ·

  • AI infrastructure & data centers

    AI trade isn't over; the key question is when hyperscaler capex will produce realistic ROI.

    Garcia says the AI trade is not over. Capex concerns will keep being scrutinized, and investors will focus on the timing of ROI, not on whether companies are spending too much or too little. She is watching Meta's Muse adoption and asking for real ROI evidence. If rates stabilize and growth continues, the capex spending that flows back into the economy should continue.

    “I don't think the AI trade is over by any means. I do think the CapEx concerns are gonna continue to come under scrutiny here”at 20:42

    CNBC Closing Bell: Closing bell 10/21/26 ·

  • US stock market outlook

    Rally should broaden into economically sensitive industrials and financials if rates stabilize and growth continues.

    Garcia says that if rates stabilize and growth continues, capex spending should keep feeding back into the economy. Economically sensitive areas such as industrials and financials should benefit. She expects this broadening to continue and says it does not depend on the AI trade doing well.

    “if rates do start to stabilize here and growth does continue, which will be continue to see this CapEx spending and that that money going back to the economy, that likely continues. But I think your economically sensitive areas can benefit from that.”at 21:18

    CNBC Closing Bell: Closing bell 10/21/26 ·

Shows

Ask your AI what Courtney Garcia thinks

Chorus gives Claude, ChatGPT and other assistants every view Courtney Garcia has shared on the shows it covers, next to everyone else's. Ask where they stand, what changed, and who disagrees.

Setup guide

Chorus reports what speakers said. It isn't investment advice.