Speaker · Updated
James Taylor: latest market views
Wells Fargo Advisors (The Taylor Group)
Summary
C. James Taylor is Managing Director - Investments and leads The Taylor Group of Wells Fargo Advisors, a New York wealth management team overseeing more than $5.7 billion for tech-sector executives, and was ranked #4 on Forbes' 2025 Top Next-Gen Wealth Advisors list.
Chorus has 8 views from James Taylor across 2 episodes on CNBC Closing Bell and Prof G Markets since October 13, 2026. Their latest calls: bullish on NVIDIA.
Where they stand
Their latest bullish or bearish call on each company.
- NVIDIABullish ·
What they talk about most
- US stock market outlook · 4
- NVIDIA · 1
- Financial Select Sector SPDR Fund · 1
- US elections & politics · 1
- US Treasuries & yields · 1
The latest views
Newest first. Every quote is checked against the episode's transcript.
NVIDIABullish
Believes in Nvidia over the next twelve months despite short-term volatility; expects an earnings surprise.
He says Nvidia is backed by about 41,000 employees, including 31,000 engineers, so it is not dependent on one person, and that demand is still there. He expects the company to surprise on earnings. He acknowledges short-term volatility from recent news and says it is too early to judge that, but he holds a twelve-month view that is positive on Nvidia.
“We do believe in NVIDIA over the next twelve months, but short term, there might be some volatility.”at 49:01
Likes healthcare into year-end after its roughly 13% rise since August.
He recommended health care names in mid-August and says the sector has since gained about 13%. He still likes health care going into the end of the year. The view is a sector call based on the recent rally and the outlook into year-end.
“I like health care. I think, you know, I was out here in in mid August talking about health care names.”at 49:35
Financial Select Sector SPDR FundUncertain
Bank earnings this quarter will be a key read on the consumer and the economy.
Taylor notes bank stocks have struggled, with XLF essentially flat for the year. He thinks this quarter is probably the most important for earnings because of the recent rate hike and expected further hikes by year-end. He expects bank results to give an early read on consumer health and the broader economy, but does not say which way they will go.
“I think the bank stocks are gonna really give us a good preview into the consumer as well as how they are doing overall.”at 16:03
Earnings will be very good, but may not justify current stock valuations.
Taylor is not worried about bad earnings and expects this earnings season to be very good. His concern is whether those results will be strong enough to support current valuations. He says he hopes they will, and that bank earnings will give a good read on the consumer and the wider economy.
“I think their earnings are gonna be very good. I just don't know if they're gonna be good enough to support current valuations.”at 16:03
Market gains are too concentrated in AI names; he wants broader breadth and proof of AI returns.
Taylor is concerned that a handful of AI-linked stocks are driving the market. A few years ago, any company spending on AI did well, but now investors are more selective and want to see a return on that spending, which will show up in earnings. He would feel much more comfortable if market breadth improved significantly, and he sees this earnings season as key to that.
“Now I think you have to be a lot pickier. I think investors are looking at these different companies, and they wanna see that there's actually a return on that spend.”at 17:23
Bonds look attractive at current yields, especially municipal and Treasury bonds, so conservative investors should add them.
Taylor says bonds are much more attractive now on the municipal and Treasury side. Yields are at a 24-year high while stocks still rose, and the market shrugged off the recent rate hike. For conservative investors, he says buying individual bonds makes sense, since principal is backed by the US government or the issuing municipality and municipal income is tax-free. He cautions that if yields stay high for longer, equities will probably suffer, and this may not be a one- or two-year opportunity.
“I do think that bonds are starting to look a lot more attractive now on the municipal side, on the treasury side. ...I think this is the first time in a long time that I've said, hey. Like, maybe we should be taking a look at these because I do think they're very attractive.”at 18:36
Midterm election certainty would be a positive catalyst for markets by year-end.
Taylor argues that the uncertainty of not knowing whether there will be a Republican or Democratic sweep is currently weighing on markets. He notes that polls have been wrong before. Once the outcome is known, that clarity could be a positive catalyst into the end of the year.
“Honestly, I think that certainty is a good thing. ...It could be a positive catalyst going into the end of the year just because of market like certainty.”at 20:21
S&P 500 can reach 8,000 before year-end, backed by strong earnings.
Taylor says the S&P 500 can reach 8,000 before the end of the year. He is clear that this is his own opinion and not his firm's view. He argues it is absolutely possible, particularly if earnings are strong. He points to his call during the July selloff, when others saw Armageddon and he saw a good buying opportunity.
“I do think we can get to the S and P 8,000 before the end of the year. Again, that's my opinion. I don't wanna speak for my company as a whole, but I do think it's absolutely possible, especially on the back of strong earnings.”at 21:23
Shows
- CNBC Closing Bell · 1 episode
- Prof G Markets · 1 episode
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Chorus reports what speakers said. It isn't investment advice.