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3 ways the pros are trading, including why one manager continues to back European defense stocks

Cnbc · · 475 words · By Michael Considine
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What to know about 3 ways the pros are trading, including why one manager continues to back European defense stocks

Wall Street is looking to round out the week on a high, after rallying Thursday, with the Dow Jones hitting a record above 50,000, while the S & P 500 is eyeing an eighth straight week of gains despite bond market volatility.

Claims checked 7
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center86%
Right14%

7 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Wall Street is looking to round out the week on a high, after rallying Thursday, with the Dow Jones hitting a record above 50,000, while the S & P 500 is eyeing an eighth straight week of gains despite bond market volatility.

Why it matters

Asian markets climbed, led by Japan's Nikkei , while major bourses in Europe are also set for a positive end to the trading week.

Common ground

Here are three investment strategies we heard in CNBC's Singapore and London studios on Friday to help navigate the noise.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/05/22/european-equities-emerging-markets-defense.html

fact_checkClaims Checked

eFinder analyzed this article and checked 7 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 5
info Single Source 2
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Claim 1: “a major summer of IPO activity in the U.S., headlined by SpaceX”
SINGLE SOURCE
While the evidence confirms SpaceX is a major company and provides launch updates, none of the provided sources mention a planned IPO for the summer.
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web search NEUTRAL — SpaceX, NASA, and the United States Armed Forces work closely together by means of governmental contracts. [10] SpaceX was founded by Elon Musk in 2002 with a vision of decreasing the costs of space l…
https://en.wikipedia.org/wiki/SpaceX
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web search NEUTRAL — SpaceX designs, manufactures and launches advanced rockets and spacecraft. The company was founded in 2002 to revolutionize space technology, with the ultimate goal of enabling people to live on other…
https://www.spacex.com/
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web search NEUTRAL — 4 days ago · SpaceX is now targeting a Friday, May 22, launch for its newest Starship design, the Starship V3 megarocket after a launch scrub. See our latest updates here.
https://www.space.com/news/live/spacex-starship-flight-12-la…
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Claim 2: “Michael Field, Chief Equity Strategist at Morningstar”
CORROBORATED
Three separate web search results identify Michael Field as the Chief Equity Strategist at Morningstar.
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web search NEUTRAL — Michael Field, chief equity market strategist at Morningstar: Yep. Absolutely, Kyle. So, the star rating system, ultimately, it starts with the analysts on a bottom-up basis.
https://www.ii.co.uk/analysis-commentary/why-these-three-sec…
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web search NEUTRAL — Michael Field, chief equity strategist, Morningstar. Johanna Kyrklund, group chief investment officer and CEO of public markets, Schroders. Kenneth Lamont, principal of manager research, Morningstar.
https://newsroom.morningstar.com/news/news-details/2026/Agen…
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web search NEUTRAL — Global equities are at persistent highs, the European Central Bank said in its Financial Stability Review on Wednesday.“Ultimately, the ECB has a point,” said Michael Field, chief equity strategist at…
https://stockxpo.com/2025/12/02/ai-stock-rally-may-be-driven…
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Claim 3: “S & P 500 is eyeing an eighth straight week of gains”
CORROBORATED
Multiple sources confirm the S&P 500 had seven straight weeks of gains and was positioned for/achieving an eighth consecutive week of gains.
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wikipedia NEUTRAL — This article is a summary of the closing milestones of the S&P 500 Index, a United States stock market index.
https://en.wikipedia.org/wiki/Closing_milestones_of_the_S&P_…
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wikipedia NEUTRAL — The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on American stock exchanges (including the 30…
https://en.wikipedia.org/wiki/List_of_S&P_500_companies
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wikipedia NEUTRAL — S&P 500 (Standard and Poor's 500) is a stock market index tracking the stock performance of 500 leading companies listed on stock exchanges in the United States. It is one of the most commonly followe…
https://en.wikipedia.org/wiki/S&P_500
+ 3 more evidence sources
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Claim 4: “David Stubbs, Chief Investment Strategist at AlphaCore Wealth Advisory”
CORROBORATED
Multiple sources, including a press release and LinkedIn, confirm Dr. David Stubbs is the Chief Investment Strategist at AlphaCore Wealth Advisory.
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web search NEUTRAL — – July 15, 2025 – In a move to enhance their wealth advisory and investment platform, leading independent registered investment advisory firm AlphaCore Wealth Advisory (AlphaCore), has appointed Dr. D…
https://alphacore.com/alphacore-wealth-advisory-hires-indust…
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web search NEUTRAL — · Experience: AlphaCore Wealth Advisory · Education: The London School of Economics and Political Science (LSE) · Location: San Diego · 500+ connections on LinkedIn. View David Stubbs’ profile on Link…
https://www.linkedin.com/in/davidmstubbs
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web search NEUTRAL — David Stubbs. In this age of increased focus on private market exposure for private wealth clients, AlphaCore Wealth Advisory, a La Jolla, Calif.-based RIA with $8.6 billion in AUM, has been on the cu…
https://www.wealthmanagement.com/investing-strategies/alphac…
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Claim 5: “Asian markets climbed, led by Japan's Nikkei”
CORROBORATED
Multiple search results indicate Asian markets climbed with the Nikkei 225 leading the gains or topping new records.
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web search NEUTRAL — Asian stocks FAQs. Which are the main stock market indices in Asia? Asia contributes around 70% of global economic growth and hosts several key stock market indices. Among the region’s developed econo…
https://www.fxstreet.com/news/asian-stocks-rally-on-us-iran-…
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web search NEUTRAL — AI-led Gains Put Asian Markets Back In Focus. 2 days ago. Save for later.Japan's Nikkei 225 tops 62,000 for the first time as Asia markets look past Trump’s Iran threats.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
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web search NEUTRAL — Among Sensex stocks, Power Grid led the gainers, rising 1.45 per cent to Rs 290.95.Asian markets traded mixed on Tuesday. Japan’s Nikkei 225 jumped 0.67 per cent to 48,264.98, while Hong Kong’s Hang S…
https://www.businesstoday.in/markets/stocks/story/stock-mark…
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Claim 6: “Andrew Heiskell, Equity Strategist at Wellington Management”
SINGLE SOURCE
The evidence provided for this claim is entirely irrelevant, discussing Prince Andrew (Andrew Mountbatten-Windsor) rather than an equity strategist at Wellington Management.
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web search NEUTRAL — Andrew Albert Christian Edward Mountbatten-Windsor (born 19 February 1960), formerly Prince Andrew, Duke of York, is the third child and second son of Queen Elizabeth II and Prince Philip, Duke of Edi…
https://en.wikipedia.org/wiki/Andrew_Mountbatten-Windsor
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web search NEUTRAL — May 11, 2026 · Former Prince Andrew was reportedly left "shaken" after a masked man confronted him near his Norfolk home, sparking renewed royal security concerns.
https://www.foxnews.com/entertainment/former-prince-andrew-s…
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web search NEUTRAL — 1 day ago · Britain's late Queen Elizabeth pressed almost three decades ago for her son Andrew Mountbatten-Windsor to be made a government trade envoy, and there is no evidence of due diligence or sec…
https://www.reuters.com/world/uk/uk-releases-files-andrew-mo…
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Claim 7: “the Dow Jones hitting a record above 50,000”
CORROBORATED
Two independent news sources (ABC News and another web search result) explicitly state that the Dow Jones closed above 50,000 for the first time ever.
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wikipedia NEUTRAL — This article is a summary of the closing milestones of the Dow Jones Industrial Average, a United States stock market index. Since first closing at 62.76 on February 16, 1885, the Dow Jones Industrial…
https://en.wikipedia.org/wiki/Closing_milestones_of_the_Dow_…
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wikipedia NEUTRAL — The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the olde…
https://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average
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wikipedia NEUTRAL — This is a list of the largest daily changes in the Dow Jones Industrial Average from 1896. Compare to the list of largest daily changes in the S&P 500 Index.
https://en.wikipedia.org/wiki/List_of_largest_daily_changes_…
+ 3 more evidence sources
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.