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☆ Disney quarterly results are on deck. Here's what to expect
▼ + stars: | 2024-05-07 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023. This will also be Disney's first earnings call since it won a proxy fight against Nelson Peltz's Trian Partners. Here is what Wall Street expects Disney to report Tuesday morning, according to LSEG:Earnings per share: $1.10 expectedRevenue: $22.11 billion expectedThe subscriber growth at its flagship streaming service, Disney+, will once again be a top focus. Last quarter Disney's direct-to-consumer unit — which also includes Hulu and ESPN+ — saw its losses narrow to $216 million from $1.05 billion in the same period a year earlier. Visitor traffic to Disney's theme parks in the U.S. will also be in focus.

Persons: Walt Disney, Mickey Mouse, Bob Iger, Nelson Peltz's Trian, Jessica Reif Ehrlich, Reif Ehrlich Organizations: Magic, Walt Disney World, Disney, BofA Securities, Hulu, ESPN, Deutsche Bank, Comcast, Universal, CNBC Locations: Lake Buena Vista , Florida, Hulu, U.S, Orlando, Universal Orlando, NBCUniversal

☆ This stock has nearly doubled in one year. Using options to catch further upside with less risk
▼ + stars: | 2024-03-25 | by ( Michael Khouw | ) www.cnbc.com time to read: +3 min

Here's an options strategy that allows traders to rent a stock instead of buying outright. United Rentals (URI) , headquartered in Stamford, Connecticut, is the world's largest equipment rental company. According to a recent Deutsche Bank research report, United Rentals "operates in attractive end markets that are experiencing tailwinds from mega-projects, which are expected to provide a multi-year boost." URI 1Y mountain United Rentals, 1 year The only concern for those interested in purchasing United Rentals now is that perhaps things look too good. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: they're Organizations: United Rentals, Deutsche Bank Locations: Stamford , Connecticut

☆ Deutsche Bank's Mark Devries breaks down CFPB's new late fee rule
▼ + stars: | 2024-02-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeutsche Bank's Mark Devries breaks down CFPB's new late fee ruleMark Devries, Deutsche Bank research analyst, joins 'The Exchange' to discuss regulattion for credit card late fees and its impact to issuers.

Persons: Mark Devries Organizations: Deutsche, Deutsche Bank

☆ Magnificent 7 profits now exceed almost every country in the world. Should we be worried?
▼ + stars: | 2024-02-19 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Michael M. Santiago | Getty ImagesThe so-called "Magnificent 7" now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise in the profits and market capitalizations of the Magnificent 7 U.S. tech behemoths — Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla — outstrip those of all listed companies in almost every G20 country, the bank said in a research note Tuesday. Of the non-U.S. G20 countries, only China and Japan (and the latter, only just) have greater profits when their listed companies are combined. Deutsche Bank analysts highlighted that the Magnificent 7's combined market cap alone would make it the second-largest country stock exchange in the world, double that of Japan in fourth. However, this level of concentration has led some analysts to voice concerns over related risks in the U.S. and global stock market.

Persons: Michael M, Jim Reid, Deutsche, Reid, Tesla, Evelyn Partners, Daniel Casali, Evelyn, Casali Organizations: New York Stock Exchange, Santiago, Getty, Deutsche Bank, Microsoft, Nvidia, Tesla, Apple, Amazon, Evelyn Partners Locations: New York City, China, Japan, France, Saudi Arabia, U.S

☆ Here’s what analysts are expecting from Tesla earnings
▼ + stars: | 2024-01-24 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Analysts are largely cautious on Tesla — and the broader autos industry — ahead of the electric vehicle company's earnings on Wednesday. TSLA 1Y mountain Tesla shares over the past year. "There is continually growing evidence that the global EV market is in an unfavorable balance of supply (growing) vs. demand (slowing)." The analyst rates Tesla stock a buy with a $260 price target. Higher units likely require more price cuts," analyst Joseph Spak forecasted about Tesla's earnings in a Jan. 15 note.

Persons: Tesla, outsized, John Murphy, Murphy, Wells, Colin Langan, Langan, Morgan Stanley Morgan Stanley, Adam Jonas, Jonas, Emmanuel Rosner, Rosner, Joseph Spak Organizations: Tesla, Bank of America, Deutsche Bank Deutsche Bank Research, UBS UBS, UBS Locations: China, Tuesday's, Downside, Wells Fargo, Europe

☆ Your Thanksgiving dinner still costs way more than it did before the pandemic
▼ + stars: | 2023-11-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The price of a 10-person Thanksgiving dinner at home is $61.17 this year. AdvertisementInflation-weary Americans are finally getting some relief with the price of Thanksgiving dinner down 4.5% from last year, according to the American Farm Bureau Federation, or AFBF. The average cost of a Thanksgiving meal at home for 10 persons is $61.17 this year as compared to $64.05 last year. A 16-pound frozen whole turkey, which costs $27.35 on average, accounted for 45% of the price of Thanksgiving dinner this year. The fall in the price of a Thanksgiving dinner comes after a cooling in US inflation amid relentless interest-rate hikes by the Federal Reserve.

Persons: —, that's, Jim Reid, Reid Organizations: Service, American Farm Bureau Federation, Federal Reserve, Deutsche Bank, Business Locations: Puerto Rico

What to watch for in Tuesday’s inflation numberThe markets have rebounded from their fall swoon — with the S&P 500 up more than 7 percent over the past two weeks — as investors grow more optimistic that the Fed is done raising interest rates. That conviction will be put to the test with a new batch of inflation data this week, starting with Tuesday’s Consumer Price Index data at 8:30 a.m. Eastern. It arrives amid deep divisions on Wall Street over the Fed’s next move, and as inflation weighs heavily on President Biden’s poll numbers. Tuesday’s figure could signal that progress on inflation is slowing. That’s no better than the September figure, and well above the Fed’s 2 percent target.

Persons: Biden’s Organizations: Tuesday’s, Wall, Deutsche Bank

☆ Euro zone inflation drops to two-year low in October; economy shrinks in third quarter
▼ + stars: | 2023-10-31 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

(Photo by Kirill KUDRYAVTSEV / AFP) (Photo by KIRILL KUDRYAVTSEV/AFP via Getty Images)Inflation across the euro zone dropped to a two-year low of 2.9% in October, according to preliminary data released Tuesday, down from 4.3% the previous month and below a consensus estimate of 3.1% from a Reuters poll of economists. The agency also revealed Tuesday that the euro zone economy contracted by 0.1% in the third quarter, according to flash estimates, below consensus estimates for GDP to be unchanged from the previous quarter. The ECB expects the euro zone economy to grow by just 0.7% this year, by 1% in 2024 and 1.5% in 2025. The euro zone has been grappling with high inflation for the past 18 months, with the consumer price index peaking at 10.6% in October 2022. The ECB needs to see wage inflation slowing and this could take a further six months," he added.

Persons: Kirill KUDRYAVTSEV, KIRILL KUDRYAVTSEV, Mathieu Savary, Mark Wall Organizations: Getty, European Union, Eurostat, ECB, European Central Bank, Council, BCA Research, Deutsche Bank Research Locations: Frankfurt, Germany, AFP, Europe's, Latvia, Belgium, Spain, Ireland, Austria, Israel, European

☆ Japan's yen in spotlight ahead of 'live' BOJ meeting
▼ + stars: | 2023-09-18 | by ( ) www.cnbc.com time to read: +3 min

In a week packed with central bank meetings, decisions are also due from the U.S. Federal Reserve on Wednesday and Bank of England on Thursday. The yen was flat versus the greenback at 147.82 per dollar with markets in Japan closed for a national holiday. Carol Kong, economist and currency strategist at Commonwealth Bank of Australia, said she expects the yen to be volatile leading up to the policy meeting. "So that means dollar yen can track higher, particularly if Governor Ueda sounds dovish and dashes hopes of policy tightening at the upcoming meeting," she said. The European Central Bank raised interest rates to 4% last week but said this hike could be its last.

Persons: Kazuo Ueda, Carol Kong, Kong, Ueda, Sterling Organizations: U.S ., The, of, U.S . Federal Reserve, Bank of England, Commonwealth Bank of Australia, European Central Bank, Japan, . U.S, Treasury, Deutsche Bank Research, Brent, Saudi Locations: Asia, Japan, ., U.S, Ukraine

☆ Factbox: Impact of possible strikes on Detroit Three automakers
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +3 min

A strike would ground production to a halt, costing billions of dollars in losses for automakers as well as their suppliers. UAW workers have struck work for two days at GM and for one day at Chrysler in 2007. Prior to 1976, strikes were frequently used as a bargaining tool at Detroit Three. STRIKE IMPACTThe Detroit Three automakers account for about 40% of U.S. new light vehicle sales by units, according to J.P. Morgan. STRIKE TOLLTen-day strikes at all three automakers could cost manufacturers, workers, suppliers and dealers more than $5 billion, according to economic consulting firm Anderson Economic Group.

Persons: Rebecca Cook, Kristin Dzizcek, Morgan Stanley, Morgan, Sam Fiorani, Anderson, Mehr Bedi, Nathan Gomes, Joe White, Anil D'Silva Organizations: General Motors, REUTERS, Ford Motor, UAW, DETROIT, United Auto Workers, Detroit Three, GM, Ford, Chrysler, Chicago Federal Reserve, Detroit, IHS, AutoForecast Solutions, Intelligence, Deloitte, Alliance for Automotive Innovation, Anderson Economic, Deutsche Bank Research, Thomson Locations: Detroit , Michigan, U.S, United States, Bengaluru, Detroit

☆ China slips into deflation, fueling more calls for economic stimulus
▼ + stars: | 2023-08-09 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Shop and factory prices both fell in China last month, according to data released Wednesday. That means the country is suffering deflation for the first time in over two years. It's the latest in a long list of concerns for Beijing as China's post-COVID rebound fizzles out. That's another economic worry for Beijing, which is also contending with faltering growth, skyrocketing youth unemployment, and massive amounts of debt. The data released Wednesday is likely to lead to more calls for fiscal stimulus, according to analysts.

Persons: Hargreaves, Steve Clayton, Jim Reid Organizations: Service, Privacy, China, National Bureau of Statistics, CPI, PPI, Deutsche Bank Locations: China, Beijing, Wall, Silicon

The STOXX 600 (.STOXX) index closed 0.3% lower after data showed euro zone business growth stalled this month as the downturn in manufacturing deepened. "A hike was fully expected, but the magnitude of the rise surprised most," said RBC Brewin Dolphin’s head of asset allocation, Paul Danis. Germany's DAX index (.GDAXI) shed 1.0%, leading losses among regional peers as shares of Siemens Energy (ENR1n.DE) sank 37.3%. DATA DIGESTWhile euro zone business growth stalled in June, a separate reading showed German business activity slowed notably this month. French business activity contracted this month for the first time in five months, data showed.

Persons: Germany's DAX, Paul Danis, DAX, Clemente De Lucia, Shreyashi Sanyal, Bansari, Eileen Soreng, Jonathan Oatis Organizations: Siemens Energy, GSK, Bank of England, Norges Bank, Swiss National Bank, Investors, RBC, Bank, Siemens, Deutsche Bank Research, Thomson Locations: U.S, Stockholm, Helsinki, Bengaluru

☆ Deutsche Bank thinks this resort company can grow property margins and outperform the gaming industry
▼ + stars: | 2023-04-20 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Deutsche Bank thinks a $45 billion resort operator may be poised to outperform the broader gaming industry. The bank reiterated a buy rating on shares of Las Vegas Sands and raised its price target to $74 from $69. LVS YTD mountain Shares of resort company Las Vegas Sands added to gains early Thursday after reporting quarterly results a day earlier. "We continue to believe labor levels, the VIP gaming margin profile, and the gaming revenue mix, will add meaningfully to EBITDA and property margin," Santarelli said. Las Vegas Sands was more than 5% higher in pre-market trading early Thursday.

☆ Analysis: Rates shift gives European currencies fresh legs
▼ + stars: | 2023-04-19 | by ( Alun John | ) www.reuters.com time to read: +5 min

But markets expect another 75 bps of European Central Bank rate hikes, with the deposit rate rising to a peak in the autumn. Expectations for higher official interest rates typically drag money market and government bond yields higher, attracting investor cash into a country and boosting its currency. "An interest rate differential that is flat between the two regions would be equivalent to a euro/dollar move up to around 1.20." TURNAROUNDThe Federal Reserve's relentless rate hikes sent the dollar to 20-year highs last year as other big central banks moved more slowly. "But interestingly last month has seen the pound stronger, because of limited spillovers and declining U.S. and European rate expectations."

☆ Wall Street downgrades European banks and names stocks to buy 'in case markets turn sour'
▼ + stars: | 2023-03-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Wall Street is downgrading European banks after stresses in the sector led to the emergency merger of the two largest lenders in Switzerland. The bank's strategists said — in a report titled "A dozen stocks in case markets turn sour" — their list of 12 buy-rated stocks would prove resilient during broad market sell-offs. The list includes companies such as Nokia , Sodexo , and SAP among others that strategists at Deutsche Bank Research said could outperform broader markets during recessionary environments. Meanwhile, they said that Sodexo's defensive growth profile is also expected to lead to top-line growth of 8-10% this year. Deutsche strategists Maximilian Uleer and Caroline Raab added that the German tech giant SAP had finished its costly cloud investments and is now starting to see benefits from the transformation.

☆ Nio's new electric car models probably won't be 'super earth-shattering,' analyst says
▼ + stars: | 2022-12-23 | 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 EmailNio's new electric car models probably won't be 'super earth-shattering,' analyst saysEdison Yu of Deutsche Bank Research discusses Nio's line-up of new electric car models.

☆ Outperforming asset manager picks 3 global retailers to short amid a fall in consumer spending
▼ + stars: | 2022-11-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Shares of mass market retailers will fall as profit margins are squeezed, and consumers curtail spending next year, according to Plurimi Wealth's chief investment officer. Selling shares "short" means borrowing shares through a broker to sell them immediately with a plan to repurchase them when the price is lower. In such an environment, mass market retailers that benefit from discretionary spending will see their revenues decline. While investors are split over the health of the American consumer, European shoppers are mostly expected to curtail their spending habits next year. Elsewhere in Europe, economists are also expecting a recession for the first half of next year that will impact discretionary spending.

☆ There hasn't been an impact on solar spending from consumer slowdown, says Deutsche Bank's Blanchard
▼ + stars: | 2022-11-16 | 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 EmailThere hasn't been an impact on solar spending from consumer slowdown, says Deutsche Bank's BlanchardCorinne Blanchard, Deutsche Bank research analyst, joins 'The Exchange' to discuss her macro thesis on solar stocks, if she worries about an economic slowdown affecting solar panel sales and more.

☆ Gold is in its worse slump since 1869 as inflation-adjusted yields turn sharply positive, says Deutsche Bank
▼ + stars: | 2022-11-01 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Gold prices are down for seven consecutive months, the longest decline since 1869, according to Deutsche Bank. The fall in gold prices is happening as real bond yields have turned sharply higher. But Deutsche Bank analysts also noted that such a losing streak hasn't been seen in the half century that followed the US coming off the gold standard, ending the Bretton Woods currency exchange regime. Meanwhile inflation-adjusted bond yields have turned sharply higher amid aggressive rate hikes from the Federal Reserve and other central banks. Gold, however, has still outperformed most other notable assets despite the sharp decline this year, according to Deutsche Bank research strategist Jim Reid.

☆ Rocketing energy costs are savaging German industry
▼ + stars: | 2022-10-07 | by ( Anna Cooban | ) edition.cnn.com time to read: +9 min

“We don’t need a crystal ball to see a further weakening of German industry in the coming months. The full impact of higher energy prices will only be felt in the last months of the year,” he said. Energy prices started rising last fall, and then shot even higher when Russia invaded Ukraine in late February, sparking an energy standoff between Europe and Moscow. Energy costs at Prysmian’s six German factories are expected to soar to €20 million ($20 million) this year from just €5 million ($5 million) in 2021. “German industry, the so-called ‘Mittlestand’, the small and medium [sized] companies, are quite resilient and adaptable,” he said.

☆ Sterling slips after IMF and Moody's rebuke Britain over tax plans
▼ + stars: | 2022-09-28 | by ( Harry Robertson | ) www.reuters.com time to read: +3 min

LONDON, Sept 28 (Reuters) - Sterling resumed its fall on Wednesday after the International Monetary Fund (IMF) and ratings agency Moody's scolded Britain over its new spending plans. The pound was down 0.56% to $1.068 with renewed dollar strength also weighing on the currency. Sterling tumbled to an all-time low against the dollar of $1.0327 on Monday as investors dumped UK assets after finance minister Kwasi Kwarteng unveiled plans to slash taxes and ramp up borrowing. Ratings agency Moody's said the unfunded tax cuts were "credit negative" and were likely to weigh on growth. UK pound coins plunge into water coloured with the European Union flag colours in this illustration picture, October 26, 2017.

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