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Top related persons:
Jimmy Bhullar - 4 — CNBC's Michael Bloom - 2 Goldman - 1 Robert Cox - 1 Stocks - 1 Goldman's Cox - 1 Cox - 1 Wells - 1
Top related locs:
U.S Bengaluru Northbrook , Illinois Wells Fargo . New York Michigan Reshma Rockie George
Top related orgs:
Allstate - 2 JPMorgan - 2 CNBC - 2 United Auto Workers - 2 UAW - 2 Detroit Three - 2 General Motors - 2 Ford - 2

Search resuls for: "Jimmy Bhullar"


5 mentions found


☆ Insurance stocks are rallying as a way to play one of the hottest spots for inflation
  + stars: | 2024-04-19 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +5 min
The stubbornly high inflation readings to start 2024 are good news for one group of stocks — insurance companies. Stocks to watch In general, Wall Street analysts are buying the underlying story for these insurance stocks. For a slightly different angle, Wells Fargo analyst Elyse Greenspan upgraded Hamilton Insurance Group to overweight last week. Potential downsides To be sure, there are several factors that could derail the rally for insurance stocks. Another concern is so-called "social inflation," in which legal trends or regulatory changes can drive costs higher for insurance companies.
Persons: Goldman, Robert Cox, Stocks, Goldman's Cox, Cox, Wells, Elyse Greenspan, Hamilton, HG, Greenspan, Jimmy Bhullar, Andrew McGee, McGee, — CNBC's Michael Bloom Organizations: Bureau of Labor Statistics, Allstate, Wall Street, PGR, Progressive, Hartford Financial Services, Hamilton Insurance Group, U.S . Insurance, JPMorgan, CNBC Locations: Northbrook , Illinois, Wells Fargo
☆ This could be the year for dividend stocks. Here are Wall Street's favorites
  + stars: | 2024-01-03 | by ( Michelle Fox | ) www.cnbc.com   time to read: +3 min
This year could be a better one for dividend stocks. This year, the Federal Reserve has said it's likely to cut interest rates three times , which could bode well for dividend stocks . "Moving forward … it's the time to start buying dividend stocks." The insurance company has a 3.1% dividend yield and 16% upside to the average analyst price target. The stock, which has a 3.3% dividend yield, has 26% upside to the average price target.
Persons: bode, Matt Powers, VIG, FactSet, TD Cowen, Matt Elkott, Jimmy Bhullar, — CNBC's Michael Bloom Organizations: Federal Reserve, Powers Advisory, CNBC, Trinity Industries, Trinity, MetLife, JPMorgan, MET, Utilities
☆ Potential UAW strike could cut production, push up vehicle prices, analysts say
  + stars: | 2023-09-11 | by ( Priyamvada C | ) www.reuters.com   time to read: +3 min
Sept 11 (Reuters) - A prolonged coordinated strike by the United Auto Workers (UAW) union against the Detroit Three automakers could cut production by thousands, potentially pushing up vehicle prices and exacerbating supply-chain disruptions, analysts said. New vehicle prices may rise by less than 2% if the strike lasts about two weeks, according to automotive consulting firm J.D. That would mean an end to the trend of cooling vehicle prices in recent months, at a time when inflation continues to pinch U.S. consumers. However, UAW president Shawn Fain rejected the idea that worker wages were responsible for auto prices going up in the last few years. In a video released on Thursday titled "Here's what the Big Three and the corporate media's NOT telling you about car prices," Fain said "corporate greed" was responsible for rising car prices.
Persons: Tyson Jominy, Jominy, Garrett Nelson, J.P, Morgan, Jimmy Bhullar, Jim, Farley, Mary, Barra, Dan Ives, Tesla, Bryan DeBoer, Shawn Fain, Fain, Priyamvada C, Nathan Gomes, Abhijith, Anil D'Silva Organizations: United Auto Workers, UAW, Detroit Three, General Motors, Ford Motor, Toyota, Honda, Volkswagen, Deutsche Bank, GM, Ford, Lithia Motors, Thomson Locations: ., U.S, Bengaluru
☆ Potential UAW strike presents a near-term headwind for auto insurers - JPM
  + stars: | 2023-09-07 | by ( Reshma Rockie George | ) www.reuters.com   time to read: +2 min
A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo Acquire Licensing RightsSept 7 (Reuters) - J.P.Morgan on Thursday said supply chain disruptions from a potential United Auto Workers (UAW) union strike would cut new vehicle production, drive up used car prices and put pressure on margins in the personal auto insurance business. The automakers "represent about 40% of light vehicle auto sales (by units) in the U.S., and IHS Markit estimates that a strike would disrupt North American vehicle production by roughly 75%," J.P.Morgan said. The brokerage identifies Allstate Corp (ALL.N) and Progressive Corp (PGR.N) as the insurers with the most exposure to a potential UAW strike, with Allstate more susceptible due to its weaker capital position. Used-car prices have had the most impact on auto margins in recent years compared to other factors such as higher spare part costs, labor costs, increased litigation, and severe accidents, the brokerage added.
Persons: Morgan Chase, Mike Segar, J.P.Morgan, Jimmy Bhullar, Reshma Rockie, Tasim Zahid Organizations: Co, New York City, REUTERS, United Auto Workers, UAW, Detroit Three, Ford, Chrysler, General Motors, Allstate Corp, Progressive Corp, Allstate, Anderson Economic Group, Thomson Locations: New York, U.S, Michigan, Reshma Rockie George, Bengaluru
☆ 'Compelling' and 'attractive': These stocks are firing on all cylinders, JPMorgan says
  + stars: | 2022-11-19 | by ( Michael Bloom | ) www.cnbc.com   time to read: +7 min
Analysts at JPMorgan said this week there's a whole host of stocks that they say are flying under the radar. CNBC Pro combed through top JPMorgan research to find some unique stocks that are just too compelling to ignore. At the same time, Allstate's low stock valuation is "compelling," with a "depressed multiple on depressed earnings." With visibility improving, now's the time to buy the stock, JPMorgan concluded. ... .Our positive view reflects an expected recovery in margins & ALL's compelling valuation.
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