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☆ Market sets record — Breaking down whether the bulls are in the clear or a peak is imminent
▼ + stars: | 2024-05-18 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

You can't argue with a market making new record highs, though it's fair game to interrogate the tape about its assumptions and intentions. With the Dow Jones Industrial Average closing above 40,000 for the first time Friday and the S & P 500 settling above 5,300 after hitting a fresh all-time high Wednesday, the advice of history suggests not overthinking it. Keith Lerner, strategist at Truist, marks up a long-term S & P 500 chart to show times when it was at an all-time high. Brian Belski, strategist at BMO, last week lifted his year-end S & P 500 target to a Street-high 5,600 . And, quite remarkably, the stock market low of October 2022 occurred at an S & P 500 forward P/E above 15, with unemployment below 4% and in mid-economic expansion.

Persons: Stocks, Keith Lerner, Ned Davis, Brian Belski, Leuthold, Doug Ramsey Organizations: Treasury, Dow Jones, Dow, Ned Davis Research, Investment, Bank, Federal, BMO, Citi U.S, Vegas, Fed, Leuthold Locations: U.S

☆ The stock market's report card one year since the bottom of the 2022 bear market
▼ + stars: | 2023-10-07 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

A report card for the stock market as it approaches one year since the October 2022 bottom of the mini-bear market would probably read, "Good effort, shows perseverance, needs improvement." The equal-weight S & P 500 is up less than 12% from its low. The median stock in the index is up between 3% and 4% over the past 12 months. All four times since 1979, the S & P 500 and Russell 2000 were both higher in the fourth quarter. The S & P 500 is now at 17.7-times 12-month forward profit forecasts, according to FactSet, down from almost 20 in late July.

Persons: Doug Ramsey, Russell, Stephen Suttmeier, Jurrien Timmer, Stocks Organizations: Leuthold, Nasdaq, Bank of America, Fidelity Investments, Fed, Federal Reserve, Deutsche, Treasury

TOKYO (AP) — Asian shares were mostly lower in cautious trading Tuesday ahead of the Federal Reserve’s upcoming decision on interest rates. “Market sentiment remained in its usual wait-and-see ahead of the Federal Open Market Committee meeting this week,” said Yeap Jun Rong, market analyst at IG. Political Cartoons View All 1167 ImagesStocks have been see-sawing since early August on uncertainty about whether the Fed will finally end its hikes to interest rates. Attention will mainly focus on forecasts Fed officials will publish about where they expect interest rates, the economy and the job market to head in upcoming years. But just as much attention will be on what Fed officials say about next year, when investors expect the Fed to begin cutting interest rates.

Persons: Australia's, Seng, ”, Yeap Jun Rong, it’s, Doug Ramsey, It’s, Ramsey, Clorox, Ford, That’s, Brent Organizations: TOKYO, Federal, Nikkei, IG, Dow Jones, Nasdaq, Traders, CME Group, Fed, Ford, General Motors, United Auto Workers, Exxon Mobil, Marathon Petroleum, New York Mercantile Exchange, U.S Locations: Hong, Shanghai, Japan's

☆ Zero-day options fad could be why Wall Street's fear gauge appears to be showing less fear
▼ + stars: | 2023-04-15 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The index gets its value derived from option prices on short-term bets being made on the S & P 500. Market strategists say one explanation for the muted VIX is the explosion of zero-day-to-expiration options (ODTEs), contracts that expire the same day that they're traded. "The VIX Index might have become obsolete as a risk barometer," Doug Ramsey, Leuthold Group's chief investment officer, said in a note. Daily notional volumes in these 0DTE options that track the S & P 500 index have exploded to reach a record $1 trillion, according to JPMorgan. LPL Financial analyzed VIX levels for all trading days when the S & P 500 was in a drawdown ranging from 18.5% to 28.5%.

☆ Resilient stock market finds support at just the right time, preserving uptrend
▼ + stars: | 2023-03-04 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

Did the "soft landing" occur six months ago, at least in market terms? The leadership profile speaks, perhaps, to an elongated economic and Fed tightening cycle and suggests where within a notably bifurcated market investors should migrate. For one thing, the stock market surely can be prone to misapprehending the next macro turn and can overshoot reality in the short term. BCA Research here shows the sobering harmony in the current market trajectory and that of the early-2000s post-tech-bubble bear market. We can note, though, that the S & P 500 back then never spent as much as a month above its 200-day moving average as it has this year.

☆ Here's why it makes sense that stocks are rallying as rates rise and a recession approaches, and what to own because they could keep going, according to research firm Leuthold Group.
▼ + stars: | 2023-02-24 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

Leuthold Group CIO Doug Ramsey says the "irrational" stock market rally could continue. Ramsey says that when economic indicators hit a low point, it's generally very good for stocks. It might not make a lot of sense that stocks have jumped in 2023 even as recession concerns have risen and interest rates have climbed to 15-year highs, notes Doug Ramsey, investment chief at Leuthold Group. Ramsey concedes that the moves are "irrational," but that doesn't mean there is no reason to be optimistic about stocks. He notes that a closely watched measurement of economic activity, the Conference Board's Leading Economic Index, is in a downturn.

☆ Watch CNBC’s full interview with Bleakley’s Peter Boockvar and Leuthold’s Doug Ramsey
▼ + stars: | 2023-02-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Bleakley’s Peter Boockvar and Leuthold’s Doug RamseyBleakley’s Peter Boockvar and Leuthold’s Doug Ramsey, joins 'The Exchange' to discuss markets and the economy ahead of today's Fed minutes.

☆ The economy is still seeing impact from stimulus, says Leuthold’s Doug Ramsey
▼ + stars: | 2023-02-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe economy is still seeing impact from stimulus, says Leuthold’s Doug RamseyBleakley’s Peter Boockvar and Leuthold’s Doug Ramsey join 'The Exchange' to discuss markets and the economy ahead of today's Fed minutes.

☆ The bold bullish case to be made for U.S. stocks — one that not many are voicing just yet
▼ + stars: | 2023-01-14 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

There's a bullish case on stocks that's not gained much traction yet. With another 4%-5% upside in the S & P 500 , the thesis would demand serious attention. A Fed pause? But this time, the S & P 500 had fallen 20% by the time the 10-to-2-year Treasury curve inverted, whereas in past cycles stocks were near a high. The S & P 500 probably needs to reach 4300 — up another 7.5% — to make a solid case for the bear market being over, says John Kolovos of Macro Risk Advisors.

☆ Beyond Meat reports wider-than-expected loss, falling revenue and cuts sales outlook
▼ + stars: | 2022-11-09 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Beyond Meat "Beyond Burger" patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Beyond Meat on Wednesday reported a wider-than-expected loss for its third quarter as demand for its meat substitutes tumbled. It now expects 2022 sales between $400 million to $425 million, down from its prior outlook of $470 million to $520 million. The company's U.S. food service business was the only division to report sales growth, rather than declines, for the quarter. The company reported a third-quarter net loss of $101.7 million, or $1.60 per share, wider than its net loss of $54.8 million, or 87 cents per share, a year earlier.

☆ Tyson Foods CFO arrested for public intoxication, falling asleep in the wrong house
▼ + stars: | 2022-11-07 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Tyson Foods CFO John Tyson was arrested early Sunday in Arkansas after allegedly becoming intoxicated and falling asleep in the wrong house. Tyson, 32, was charged with public intoxication and trespassing and booked in Washington County jail. Tyson Foods is headquartered in Springdale, Arkansas. Tyson is the son of the company's chairman, John H. Tyson, and the great-grandson of founder John W. Tyson. Tyson is the second prominent C-suite food executive to be arrested in Washington County over the last two months.

☆ Tyson Foods CFO John Tyson was arrested in Arkansas after allegedly becoming intoxicated and falling asleep in the bed of a woman who didn't know him
▼ + stars: | 2022-11-07 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Tyson Foods CFO John Tyson was arrested Sunday in Arkansas after allegedly becoming intoxicated. Tyson is a fourth-generation member of the Tyson family, and was made CFO of the company last month. Tyson was named CFO of Tyson Foods on October 2, after serving as executive vice president of strategy and chief sustainability officer. He is also the great-grandson of Tyson Foods founder John W. Tyson. Ramsey, who formerly worked at Tyson Foods, was fired along with 19% of Beyond Meat's workforce in October.

☆ Earnings playbook: How to trade results from Disney and 3 electric car makers
▼ + stars: | 2022-11-06 | by ( Fred Imbert | ) www.cnbc.com time to read: +9 min

Monday Palantir Technologies is set to report earnings before the bell, followed by a conference call at 8 a.m. Tuesday Disney is set to report earnings after the bell, followed by a conference call at 4:30 p.m. Lucid is set to report earnings after the close, with a management call set for 5:30 p.m. Rivian is set to report earnings after the close, with management holding a call at 5 p.m. Beyond Meat is set to report earnings after the bell, followed by a conference call at 5 pm.

☆ Beyond Meat launches new steak product
▼ + stars: | 2022-10-24 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN Business —Beyond Meat, the company known for plant-based burgers designed to look, taste and cook like meat, is getting into plant-based steak. But the new product, meant to mimic an expensive cut of beef, arrives as interest in the plant-based sector appears to be ebbing. Each 10-ounce package contains seared plant-based “steak tips” in bite-sized pieces, and is priced at $7.99. “Beyond Steak is a highly anticipated expansion of our popular beef platform,” said Dariush Ajami, chief innovation officer at Beyond Meat, in a statement announcing the new product Monday. The product “delivers the taste and texture of sliced steak.”Beyond Meat launched a new steak product, Beyond Steak.

☆ Beyond Meat is rolling out its steak substitute in grocery stores
▼ + stars: | 2022-10-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Beyond Meat is launching a steak substitute in grocery stores on Monday. Amid the chaos, Beyond and Yum Brands' Taco Bell started testing meatless carne asada using its Beyond Steak product at restaurants in Dayton, Ohio. The Beyond Steak that will be sold in grocery stores comes packaged in bite-sized pieces. In the second quarter, Beyond reported U.S. grocery sales rose just 2.2% while restaurant revenue was off 2.4%. This year, shares of the company have lost 80% of their value, shrinking its market value to $821 million.

☆ Wall Street is debating whether the bear market still has legs
▼ + stars: | 2022-10-17 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

So far, results from the big Wall Street banks have been mixed, with JPMorgan and Citigroup beating but Morgan Stanley falling short of forecasts. He told CNBC on Friday that Thursday's wild reversal wasn't just a bear market rally and could be the start of a new upswing. "We are, in my opinion, coming to the end of this bear market," Scaramucci told CNBC on Friday. Is the stock market poised for a sustainable uptrend or still teasing with bear market rallies? But the stock market isn't out of the woods yet as there could be more pain in the short-term.

☆ Beyond Meat cuts 19% of workers including COO accused of biting man's nose in road rage incident; stock crashes
▼ + stars: | 2022-10-15 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Beyond Meat cuts 19% of workforce including disgraced COO, according to a release from the company. CEO Ethan Brown says the plant-based company is 'significantly reducing expenses' in an effort to focus on growth. Ramsey was charged with third-degree battery and one count of terroristic threatening, according to Washington County Police. Washington County PoliceRamsey's alleged road rage isn't the first sign of trouble for Beyond Meat. According to an August report from Bloomberg, the company eliminated 40 job positions as part of cost-cutting plans.

☆ Beyond Meat cuts revenue view, jobs as inflation hits plant protein demand
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +2 min

Oct 14 (Reuters) - Beyond Meat on Friday cut its annual revenue forecast for the second time due to slowing demand for faux meat as consumers look for cheaper options to beat rising prices and announced jobs cuts as well as executive departures. The plant-based meat producer plans to cut 200 jobs this year and said its finance chief Philip Hardin, who has been in the role for just over a year, will leave at the end of the month. FILE PHOTO - A Beyond Meat Burger is seen on display at a store in Port Washington, New York, U.S., June 3, 2019. "We are significantly reducing expenses and sharpening our focus on a set of key growth priorities," Chief Executive Officer Ethan Brown said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Aishwarya Venugopal and Mehr Bedi in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ Beyond Meat exec Doug Ramsey leaves company after arrest for allegedly biting man’s nose
▼ + stars: | 2022-10-14 | by ( Mike Calia | ) www.nbcnews.com time to read: +1 min

Beyond Meat’s operating chief, Doug Ramsey, left the company Friday, weeks after he was arrested for allegedly biting a man’s nose following a college football game in Arkansas. Police said Ramsey punched through the back windshield of a Subaru after it hit the front tire of Ramsey’s car, according to a police report. Ramsey then allegedly punched the Subaru driver and bit his nose, “ripping the flesh on the tip of the nose,” the report said. Police also said the victim and a witness also claimed Ramsey told the Subaru driver he would kill him. Beyond Meat said Jonathan Nelson, the company’s senior vice president of manufacturing operations, will permanently oversee Beyond’s operations activities.

☆ Beyond Meat COO Doug Ramsey Leaves Company After Allegedly Biting Man’s Nose
▼ + stars: | 2022-10-14 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

Beyond Meat said it expects to see full-year revenue decline about 9% to 14%. Beyond Meat parted ways with its operating chief, who had been suspended after being arrested for allegedly biting a man’s nose and threatening to kill him. The plant-based meat company said Friday in a securities filing that Chief Operating Officer Doug Ramsey was no longer with the company. Beyond Meat suspended the executive last month after his arrest following what authorities said was a fight in an Arkansas parking garage. Mr. Ramsey didn’t respond to requests for comment.

☆ Beyond Meat Executive Doug Ramsey Leaves Company After Allegedly Biting Man’s Nose
▼ + stars: | 2022-10-14 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

Beyond Meat Chief Operating Officer Doug Ramsey, who had been suspended following an arrest for assault, has left the company. Ramsey left the company effective Friday, weeks after he was arrested for allegedly biting a man's nose following a college football game in Arkansas, the company said in a regulatory filing. The company had originally suspended Ramsey after the arrest became public last month. Ramsey then allegedly punched the Subaru driver and bit his nose, "ripping the flesh on the tip of the nose," the report said. Police also said the victim and a witness also claimed Ramsey told the Subaru driver he would kill him.

☆ Beyond Meat to cut 19% of its workforce as sales, stock struggle
▼ + stars: | 2022-10-14 | by ( Sara Salinas | ) www.cnbc.com time to read: +1 min

Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019. Beyond Meat plans to cut 19% of its workforce, or about 200 employees, the company said Friday in a regulatory filing. Shares of the company, already down about 77% so far this year as the company struggles with declining sales, fell in premarket trading Friday. The company also said Chief Financial Officer Philip Hardin stepped down from his post earlier this week. Lubi Kutua, previously Beyond Meat's vice president for financial planning and analysis as well as investor relations, assumed the top financial role on Thursday.

☆ How to invest with the S&P 500 at risk of falling up to 28% in the next 3 months as valuations contract, according to an investment chief and 5-star fund manager
▼ + stars: | 2022-10-14 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Valuations in past downturns suggest that the S&P 500 could fall another 28%. Don't be surprised if the S&P 500 plummets by up to 28% in the next three months, said Doug Ramsey, chief investment officer of The Leuthold Group, in a recent interview with Insider. "The stock market is not just a discounter of future economic activity — it's also a driver by the wealth effect and the confidence effect," Ramsey said. Ramsey added: "They acknowledged the power of the wealth effect, and they've certainly harnessed the power of the wealth effect on the way up. That means being willing to quickly pivot off an incorrect view — including if his theory that the S&P 500 will fall below 3,000 proves to be wrong.

☆ Beyond Meat executive who allegedly bit a man’s nose will leave the company
▼ + stars: | 2022-10-14 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNNBusiness —Beyond Meat Chief Operating Officer Doug Ramsey is leaving the company after his recent arrest for assault. Ramsey was arrested last month on on charges of “terroristic threatening” and third-degree battery after he allegedly bit a man’s nose following a Arkansas football game. In a SEC filing, the company announced Ramsey’s departure, noting Friday will be his last day of employment. Ramsey joined Beyond Meat in December last year, pivoting from a three-decade career at Tyson Foods (TSN). Beyond Meat had been a market leader in the plant-based meat space, alongside rival Impossible Foods.

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