Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Sector"


25 mentions found


Gen Z is getting hit hard by inflation
  + stars: | 2024-05-12 | by ( Krystal Hur | ) edition.cnn.com   time to read: +8 min
For Gen Z, it was the Covid-19 pandemic. Why are we seeing that Gen Z is tapping into their credit more than their Millennial counterparts 10 years ago? Most Gen Z consumers are not homeowners. And so I think that’s been a big cause of what’s been driving a lot of that financial strain that Gen Z consumers have seen. The key is to not use the personal loans to pay off credit card debt and then run your credit card bills right back up after you do that.
Persons: TransUnion, Zers, Millennials, Gen Zers, Bell, Charlie Wise, we’ve, haven’t, You’re, Rishi Sunak, Hanna Ziady, Anna Cooban, Philip Jefferson, Loretta Mester, Jack, Neel Kashkari Organizations: CNN Business, Bell, New York CNN, Gross, Office, National Statistics, Bank of England, P, Federal, Cleveland Fed, Depot, US Labor Department, Cisco Systems, US Commerce Department, National Association of Home Builders, Index, Minneapolis, Walmart, Applied, Co, Baidu, Board Locations: New York, Kingdom, Wells Fargo
The growth of US tech earnings is vulnerable to ongoing tensions with China. As Beijing exerts influence in the region, US tech firms will compete for a smaller market share. S&P Global data shows that for US chip firms, China is even more important for business than their home turf. AdvertisementGeopolitical tensionsAbishur Prakash, the founder of advisory firm The Geopolitical Business, told Business Insider that US tech companies ignoring the geopolitical tensions with China are risking serious setbacks to their portfolios. Experts believe that China will gradually contribute less to the revenue of mega-cap US tech firms.
Persons: , Tesla, Apple, Prakash, Elon, Kelvin Wong, walling, Jay Pelosky, Pelosky, Wong Organizations: Service, TPW, American, Nvidia, AMD Locations: China, Beijing, India, Europe, South Korea, Taiwan, Japan, Southeast Asia, Vietnam, Malaysia, Indonesia
The PEG ratio, as referenced in the question, takes the price-to-earnings ratio and divides it by a company's projected long-term earnings growth rate. As a general rule, a PEG ratio of 1 or lower indicates you're getting future growth at a good value. That's what the PEG ratio attempts to capture. Keep in mind that we also collect a dividend to compensate us for any lack of earnings growth. These factors outweigh the PEG ratio in our view and are our primary focus right now when it comes to valuing Abbott.
Persons: Jim Cramer, Marcia, Abbott, It's, that's, Eaton, That's, Jim Organizations: Abbott Labs, NEC, Abbott, CNBC Locations: Eaton, Washington, Cramer's
It's now focused on finding industry leaders with high free cash flow. Hong Kong-based AlphaHill Capital is looking specifically for Chinese consumer names with free cash flow growth, said Siliang Jiang, the firm's partner and portfolio manager. Jiang expects the Chinese consumer will start to turn around in the second half of this year or next year. China's "Consumer Confidence Index (CCI) edged up in the past 9 months, despite falling property prices and fears of 'household balance sheet recession '. Two of their picks based on positive free cash flow are Li Auto and New Oriental Education .
Persons: Ding Wenjie, Ding, It's, Siliang Jiang, Jiang, Li, Liqian Ren, Ren, — CNBC's Michael Bloom Organizations: Citi, China Asset Management Co, CNBC, Investors, China Merchants Securities, Baidu, Bank of America, Li Auto, New Oriental, Speed Railway, WisdomTree, Reuters Locations: China, India, Hong Kong, Tencent, Beijing, Shanghai, Shanghai . State
Citigroup analysts upgraded India to "overweight" from "neutral" in their emerging markets allocation on Friday, citing strong earnings and economic growth momentum. It also attributed India's one-year forward price-to-earnings (P/E) of 20x, which is slightly higher than the long-term averages, to a stable earnings trajectory. The brokerage remains "overweight" on India's banks, insurers, public sector enterprises, autos and capital goods companies among others. Citi downgraded China to "neutral" from "overweight", saying the recent rally in its stock markets occurred despite weakening fundamentals. Citi reiterated its "overweight" rating on Taiwan and Korea, maintaining "underweight" on Latin American countries.
Persons: Surendra Goyal Organizations: Hong, Citigroup, Citi, Jefferies, Asia Locations: India, China, Asia Pacific, Japan, Taiwan, Korea
The five-month, 28% sprint from the October correction low to the record high on the last trading day of the first quarter left the S & P 500 overbought, overheated and over-loved. .SPX YTD mountain S & P 500, YTD So far, so good, three weeks down and now three weeks up, taking the S & P 500 back to within 1% of its March 28 peak. More specifically, he tracks the correlation between S & P 500 and the Citi Economic Surprise Index. Fidelity Investments head of global macro Jurrien Timmer fashioned this look at the path of S & P 500 earnings heading into and through each calendar year, with 2024 holding up better than 2023 was last year at this time. The last time the S & P 500 was at today's level above 5200 in late March, the 12-month forward price/earnings multiple was 21.
Persons: that's, Jerome Powell, Scott Chronert, It's, Powell, Lori Calvasina, we've Organizations: U.S, Bank, Citi, Citi U.S, Fidelity Investments, Treasury, RBC Capital
More than a quarter of US metros are still recovering from COVID-era job losses, the Federal Reserve Bank of New York reported. Today's job market amplifies fears of another recession, which some experts say could hit as soon as this year. AdvertisementAs analysts clash over when the next recession will befall the US, large swaths of the country are still bogged down in the previous downturn. The Federal Reserve Bank of New YorkBut this trend is especially distinct in the Northeast, a region that's home to particularly impacted metros. By this indicator, a recession started in October, confirmed further by accelerating job erosion, Danielle DiMartino Booth said.
Persons: , Danielle DiMartino Booth, it's, Frances Donald, Donald, We're, Gary Schilling Organizations: Federal Reserve Bank of New, Service, US metros, QI, Bloomberg, Wall Street Locations: COVID, Federal Reserve Bank of New York, Rust Belt, California, Hawaii, New Orleans, Honolulu, San Francisco, Cleveland , Detroit, Pittsburgh, Northeast, New York City, New York
Business: Sensata Technologies is an industrial technology company that develops, manufactures and sells sensors, electrical protection components and other products. Activist Commentary: Elliott is a very successful and astute activist investor. Elliott often watches companies for many years before investing and has an extensive stable of impressive board candidates. At the same time, Sensata also noted that Elliott settled for a board seat for Phillip Eyler (president and CEO of Gentherm), effective on July 1. As Sensata sensors are used in both combustion and electric vehicles, the current trend to hybrid gives the company a sort of 2-for-1 demand for its products.
Persons: Elliott, Jeff Cote, Martha Sullivan, Sensata, Phillip Eyler, Russell, Sullivan, Eyler, Ken Squire Organizations: Sensata Technologies, Xirgo Technologies, SmartWitness Holdings, 13D Locations: COOs, Cote, Sensata
Not surprisingly, China’s leaders did not like what they heard, and they didn’t budge. Years of erratic and irresponsible policies, excessive Communist Party control and undelivered promises of reform have created a dead-end Chinese economy of weak domestic consumer demand and slowing growth. The only way that China’s leaders can see to pull themselves out of this hole is to fall back on pumping out exports. The tide of Chinese exports will continue, tensions with the United States and other trading partners will grow, China’s people will become increasingly unhappy with their gloomy economic prospects and anxious Communist Party leaders will respond with more repression. It is baked into China’s political system and has only worsened during President Xi Jinping’s decade in power.
Persons: Antony Blinken, Janet Yellen, that’s, Xi Organizations: Communist Party Locations: Beijing, United States
High-income consumers helped Chipotle Mexican Grill , Wingstop and Sweetgreen report strong sales this quarter, bucking the broader consumer slowdown that's been hurting other eateries. The sector saw higher traffic growth than any other dining sector from November to February, according to GuestXM data. High-income consumers haven't felt the same pinch as those in lower-income brackets. Wingstop saw its same-store sales soar 21% in the quarter. On Thursday, the salad chain reported first-quarter same-store sales growth of 5% and raised its full-year outlook for same-store sales growth.
Persons: Chris Kempczinski, John Peyton, haven't, Wingstop, Michael Skipworth, Jonathan Neman Organizations: Starbucks, KFC, Yum Brands, CNBC, Dine Brands
Lower pricing due to softening demand helped April electric vehicle sales at Ford more than double, even as the automaker was shifting resources away from the money-losing unit. Despite the volume increases, Ford Model e saw losses widen in Q1 to $1.32 billion on just $100 million in quarterly sales. Ford's hybrid sales in April rose almost 60% to 17,997 units. We believe a buyback would be a catalyst for Ford stock just like it has been for General Motors , which announced its repurchase plan back in November. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Michael Ward, Ford's, BEV, Ford, Ward, Jim Farley, Jim Cramer, That's, We're, Jim Cramer's, Jim, Danielle DeVries Organizations: Ford, Freedom Capital, Ford Model, ICE, Ford Blue, Ford Pro, General Motors, CNBC, New York Locations: EBIT
Goldman Sachs said this week that there are plenty of cheap tech stocks to buy coming out of earnings. The information technology sector has reported a year-over-year earnings growth rate of 23.2%, according to John Butters, senior earnings analyst at FactSet. CNBC Pro combed through Goldman Sachs' research to find the most underappreciated buy-rated tech stocks. "Second, ANET has growing confidence in its AI position and its > $750 mn AI revenue target for 2025," he added. Second, ANET has growing confidence in its AI position and its > $750 mn AI revenue target for 2025.
Persons: Goldman Sachs, John Butters, Goldman, Noah Poponak, Poponak, Kash Rangan, Rangan, Michael Ng, Arista's, Ng, ANET Organizations: FactSet, CNBC, Microsoft, Teledyne Technologies, Arista Networks, Arista, TAM, Cloud Titans, Cloud Locations: 2H24
Party boats that sell alcohol on board will also be prohibited to be within one nautical mile of the areas included in the decree. The original 22-article decree introduced in 2020 was sparked by media reports of “uncivil behavior in certain tourist areas” of Mallorca and Ibiza, attributed in large part to alcohol consumption. That behavior had damaged the image of the destinations and given rise to a nightlife scene that diminished the areas for residents. The decree outlined measures for tourist accommodations, the sale and advertising of alcoholic beverages, sanctions and other measures to curb dangerous or disruptive behavior. The newly modified Responsible Tourism Decree allocates 16 million euros (about $17.2 million) from a sustainable tourism tax to help the affected areas finance projects to encourage responsible tourism.
Persons: CNN — Organizations: CNN, Party, , Canary Islands Locations: Ibiza, Mallorca
Sanction-hit Russian airlines are getting plane parts delivered in hand luggage, per the Financial Times. Flight safety incidents involving Russian planes have shot up, according to estimates. AdvertisementPassengers are carrying plane parts in their luggage to get them to sanction-hit Russian airlines, according to the Financial Times. Russian airlines are obtaining plane parts through a vast network of small suppliers, many of which are based in the United Arab Emirates, the FT reported. Meanwhile, the number of flight safety incidents involving Russian planes has more than doubled, from 37 in 2022 to 81 in 2023, according to the Jet Airliner Crash Data Evaluation Centre.
Persons: , Turboshaft didn't, Timur Badr, Arwed Richter Organizations: Financial Times, Service, United Arab Emirates, Business, Jet Locations: Moscow, Ukraine, UAE, Russian, Russia
Read previewUkraine's latest aerial attack on Russian soil is its farthest one yet, Ukrainska Pravda reported, with officials saying a drone traveled 930 miles to strike an oil refinery far inside Russia's borders. AdvertisementThe strike, which has not been independently confirmed, would represent a distance record in Ukraine's ever-more ambitious series of drone strikes on Russian energy facilities. In early April, Ukraine demonstrated its drones' increasing reach after Russian officials reported strikes 620 miles inside their country. Related storiesReports claim that the White House has reached out to President Volodymyr Zelenskyy to signal its concern that hitting Russia's oil production will destabilize global energy prices. The strikes have also led to a surge in the price of refined oil products within Russia itself, they argued.
Persons: , Ukrainska, Radiy Khabirov, Volodymyr Zelenskyy, Michael Liebreich, Lauri Myllyvirta, Sam Winter, Levy, Carnegie, Sergey Vakulenko, Ann Marie Dailey Organizations: Service, Ukrainska Pravda, Ukraine's Security Service, Gazprom, Business, RIA Novosti, Russian, White, Bloomberg New Energy Finance, Foreign Affairs, RAND Corporation Locations: Russian, Bashkortostan, Ukraine's, Ukraine, Russia
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHightower's Stephanie Link explains why the rally in utilities is just the beginningStephanie Link, Hightower Chief Investment Strategist, joins 'Closing Bell Overtime' to talk the utilities sector taking off recently.
Persons: Stephanie Link Organizations: Hightower
The dividend stock club could soon get new members, according to Morgan Stanley. Alphabet and Meta Platforms are among the most recent high-profile names to initiate a dividend to give back to shareholders. The search giant announced a 20-cent per share quarterly dividend in April, while Meta Platforms authorized a 50-cent per share dividend in February. The moves bring the total tally of "Magnificent Seven" stocks offering a dividend to five, along with Nvidia, Microsoft and Apple. Broken down by sector, consumer staples, energy and communication services stocks tend to outperform, while materials is the only sector that underperforms following a dividend initiation.
Persons: Morgan Stanley, Todd Castagno, Castagno, Instacart, Regeneron Organizations: Meta, Nvidia, Microsoft, Apple, PayPal, Palo Alto Networks, Expedia Group
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why JPMorgan's Christopher Horvers is favoring Lowe's over Home DepotChristopher Horvers, JPMorgan senior analyst, joins 'Money Movers' to discuss his thoughts on the home improvement sector, the macroeconomic data points regarding the consumer, and much more.
Persons: Christopher Horvers, Depot Christopher Horvers Organizations: Depot, JPMorgan
Financials also did well, with Club stocks Morgan Stanley and Wells Fargo trading at new 52-week highs. Portfolio name Starbucks should take a page out of this book, lowering its price of coffee and food to attract more customers. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, they've, Lael Brainard, Financials, Morgan Stanley, Wells, McDonald's, Cramer, Jim Cramer's, Jim, Robert Gauthier Organizations: CNBC, University of Michigan Survey, National Economic Council, Club, Bloomberg, Starbucks, Disney, Comcast, Hulu, Jim Cramer's Charitable, McDonalds, Rte, Los Angeles Times, Getty Locations: Wells Fargo, United States, Azusa , CA
In the first three months of the year, economic growth was driven by the services sector, which expanded for the first time in a year, statistics agency said. Transport services, legal services and scientific research all grew strongly, but services that include hotels and restaurants fell slightly, and the construction sector contracted sharply. per person grew 0.4 percent in the first quarter, following seven consecutive quarters of decline. Some sectors like professional services and technology have been doing well, but others like hospitality have struggled, she said. Household spending, adjusted for inflation, grew 0.2 percent, following two quarters of declines, the statistics agency said.
Persons: , Tera Allas, Ms, Allas Organizations: Transport Locations: McKinsey’s Britain, Ireland
Nurphoto | Nurphoto | Getty ImagesBEIJING — European companies in China are finding it harder to make money in the country as growth slows and overcapacity pressures increase, according to a survey released Friday by the EU Chamber of Commerce in China. Only 30% of EU Chamber survey respondents said their profit margins were higher in China than their company's worldwide average — an eight-year low. Jens Eskelund EU Chamber of Commerce in China, presidentChina's economy is now far bigger than it was in 2015 and 2016. More than one-third of EU Chamber survey respondents said they observed overcapacity in their industry in the last year, and another 10% expect to see it in the near future. "This is not just European companies whining," Eskelund said.
Persons: Carlo D'Andrea, D'Andrea, Jens Eskelund, Eskelund, overcapacity Organizations: Nurphoto, Getty, EU Chamber of Commerce, EU, of Commerce, U.S, Bureau, Statistics, Cosmetics Locations: Minhou County, Fuzhou, China, BEIJING, Shanghai, Beijing
The increase follows falls of 0.3% in the fourth quarter and 0.1% in the third quarter of last year. The Bank of England now expects UK GDP to expand by 0.5% this year, double the pace forecast in February, according to projections published Thursday. A growing economy could, however, delay the interest rate cuts widely expected this year. “Stronger GDP growth raises the risk of stronger demand pressures on inflation,” analysts at Nomura wrote in a note, adding that Friday’s GDP release “casts doubt” over a cut in June. Annual UK inflation came in at 3.2% last month, a sharp slowdown from a rate above 10% about a year ago.
Persons: Rishi Sunak, Sunak, Nomura, , Andrew Bailey, Bailey Organizations: London CNN, Gross, Office, National Statistics, Conservative Party, Labour Party, The Bank of England, P Global . Service, Bank of England Locations: United Kingdom
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBehind the momentum in China market is a 'very great EV story,' analyst saysZerlina Zeng, senior credit analyst at CreditSights, discusses China's electric vehicle sector, and says "it's probably a great equity story in the short term, but over the medium to long term we are a bit concerned on the credit fundamental front."
Persons: Zerlina Zeng, it's Locations: China
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Citing people familiar with the matter, Bloomberg reported that the US government is set to impose new tariffs on a range of Chinese industries, including EVs. Chinese EV producers such as BYD have so far largely avoided the US market due to pre-existing trade barriers, such as a 25% tariff on Chinese auto imports previously touted by President Donald Trump. AdvertisementRelief for US firmsThe expected decision to target China's EV exports would come as a relief to US EV companies. Tesla CEO Elon Musk said earlier this year that Chinese EV firms would "demolish" their Western rivals if trade barriers weren't put in place.
Persons: , Joe Biden, Donald Trump, he's, Elon Musk, Trump Organizations: Service, Bloomberg, Business, Reuters, EV, Chery Locations: Mexico
The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, official figures showed Friday, beating expectations. Economists polled by Reuters had forecast growth of 0.4% on the previous three months of the year. The U.K. entered a shallow recession in the second half of 2023, as persistent inflation continued to hurt the economy. Although there is no official definition of a recession, two straight quarters of negative growth is widely considered a technical recession. The Bank of England's Monetary Policy Committee on Thursday warned that indicators of persistent inflation "remain elevated," and voted to keep its main interest rate at 5.25%.
Organizations: Reuters, of England's
Total: 25