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☆ Experts are getting bullish on small caps. Here's the case for the surprise pre-recession call, and what to buy.
▼ + stars: | 2022-10-26 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

Some leading strategists and experts are very positive on smaller companies right now. Heading into a recession, smaller companies usually look expensive compared to their bigger peers. Steven DeSanctis, a SMID-cap strategist for Jefferies, is another expert who is positive on smaller companies right now. But he notes that even though small caps have delivered better returns than large caps since June 30, investors are still pulling money out of small cap-themed ETFs. In fact, Fisher wrote that when small caps do this poorly, it can lead to powerful recoveries.

Shares of both companies fell about 7.5% each, dragging down Amazon.com (AMZN.O) and Apple (AAPL.O), which are scheduled to report results later this week. Shares of ad revenue dependent social media firms Meta Platforms (META.O) fell 3.4%, while Pinterest (PINS.N) dropped 1%. Visa Inc (V.N) jumped 5%, boosting the Dow, after the payments processor topped quarterly profit estimates on strong travel demand. Advancing issues outnumbered decliners by a 2.05-to-1 ratio on the NYSE and by a 1.87-to-1 ratio on the Nasdaq. The S&P index recorded 19 new 52-week highs and two new lows, while the Nasdaq recorded 45 new highs and 24 new lows.

☆ Watch CNBC's full interview with RBC Capital Markets' Rishi Jaluria and Evercore ISI's Mark Mahaney
▼ + stars: | 2022-10-26 | 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 RBC Capital Markets' Rishi Jaluria and Evercore ISI's Mark MahaneyRBC Capital Markets' Rishi Jaluria and Evercore ISI's Mark Mahaney join 'Squawk on the Street' to discuss Google calling out weakness in search and mega cap companies acting on risk concerns.

☆ Google reporting Search weakness could be harbinger for further slowdowns in ad market, says Mark Mahaney
▼ + stars: | 2022-10-26 | 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 EmailGoogle reporting Search weakness could be harbinger for further slowdowns in ad market, says Mark MahaneyRBC Capital Markets' Rishi Jaluria and Evercore ISI's Mark Mahaney join 'Squawk on the Street' to talk Google calling out weakness in Search, mega cap companies acting on risk concerns, and Microsoft and Alphabet print findings.

☆ Cannabis stocks, upbeat Wall St mood lifts TSX
▼ + stars: | 2022-10-25 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +1 min

Oct 25 (Reuters) - Canadian stocks rose on Tuesday, echoing an upbeat sentiment on Wall Street as Treasury yields fell, while top cannabis producer Canopy Growth surged on plans to create a holding company to speed up its entry into the United States. read moreThe wider healthcare index (.GSPTTHC), which houses other cannabis stocks, jumped 6.9%. Meanwhile, Wall Street indexes rallied as U.S. bond yields fell on hopes of the Federal Reserve will dial down its ultra-hawkish rhetoric in its fight against inflation. Earnings from megacap companies including Microsoft Corp (MSFT.O), Alphabet Inc (GOOGL.O) and Apple Inc (AAPL.O) could set the tone on Wall Street this week. Among other single stocks, Celestia Inc (CLS.TO) jumped 18.7% after the electronics company reported third-quarter results that beat analysts' estimates.

read moreOther megacap shares, including those of Amazon.com Inc (AMZN.O) and Alphabet Inc (GOOGL.O), also dropped ahead of their earnings later this week. read moreThe benchmark S&P 500 (.SPX) is up about 5% from its Oct. 12 closing low for the year. The indexes notched their biggest weekly percentage gains in four months on Friday, also supported by better-than-expected earnings reports. The earnings reports from the four biggest U.S. companies by market capitalization could test a nascent rally on Wall Street as stocks claw their way back from the latest lows. The S&P index recorded 20 new 52-week highs and 4 new lows, while the Nasdaq recorded 42 new highs and 204 new lows.

☆ Wall Street set to open higher as bond yields retreat
▼ + stars: | 2022-10-24 | by ( Amruta Khandekar | ) www.reuters.com time to read: +3 min

The 10-year yield was last seen at 4.17% after hitting a 15-year high at 4.34% on Friday. The earnings reports from the four biggest U.S. companies by market capitalization could test a nascent rally on Wall Street as stocks claw their way back from the latest lows. Of the 99 companies in the S&P 500 that reported third-quarter earnings through Friday, 74.7% had beat analysts' expectations, according to Refinitiv IBES estimates. Despite the recent rebound, the index is down 21% so far in 2022, on track for its biggest decline since 2008. ET, Dow e-minis were up 144 points, or 0.46%, S&P 500 e-minis were up 14.75 points, or 0.39%, and Nasdaq 100 e-minis were up 13.25 points, or 0.12%.

☆ The volatile bond market could cause a 'system reset,' says an award-winning fund manager who explains why the way out will either be apocalyptic or a 'shock move higher' for stocks.
▼ + stars: | 2022-10-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Michael Gayed says if volatility in the bond market doesn't abate, economic activity could halt. But even for someone with Gayed's expertise, this year's market conditions have brought surprises relative to historical cycles. Instead, it's a system-wide distress signal and an indication that the government bond market can't handle the higher rates, he added. If the bond market were to have a really nasty collapse further from where we are now, "it's like a reset for the system", Gayed said. However, a recovery likely won't be led by US large-cap stocks, Gayed said.

☆ Here are Friday's biggest analyst calls: Apple, Netflix, Bank of America, Amazon, AT&T, Snap & more
▼ + stars: | 2022-10-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Telsey downgrades Under Armour to market perform from outperform Telsey said it's concerned about too much inventory weighing on the stock. Bank of America downgrades Snap to neutral from buy Bank of America downgraded the stock after its "mixed" earnings report. " JPMorgan reiterates Apple as overweight JPMorgan said investors are too focused on iPhone growth heading into Apple earnings next week. Raymond James downgrades KB Home, Toll Brothers and PulteGroup to market perform from strong buy and D.R. Horton to outperform from strong buy and Lennar to market perform from outperform Raymond James downgraded several homebuilders due to rising mortgage rates.

☆ Premarket stocks: The strong dollar has an unexpected victim
▼ + stars: | 2022-10-18 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

New York CNN Business —The strong dollar has been a headwind for blue chip US companies in the Dow and S&P 500 this year. And the Russell 2000, another index of mostly smaller companies, is down 25%, too. Also, the dollar is so strong — the US Dollar Index, which tracks the greenback against the euro, pound, yen and several other currencies has soared 18% this year — it’s making foreign imports cheaper. But real estate stocks have been slammed by worries about a housing and office real estate slowdown. And multinational companies and foreign stocks will fare more poorly than smaller companies with little to no international exposure.

☆ Top Goldman Sachs strategist picks the global small-cap stocks he says look cheap
▼ + stars: | 2022-10-18 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Small-cap stocks are having a difficult time, even by this year's bear market standard. But Goldman Sachs ' Peter Oppenheimer believes the worst could be over for smaller companies, and names several stocks he likes within the space. "Small caps are down 34% year-to-date. Investors hoping for a respite in the fortunes of small caps could be in for a longer wait, however. Global stock picks While a turnaround in small caps may not be imminent, Oppenheimer believes the sector now looks "inexpensive."

☆ A Strong U.S. Dollar Buoys Small-Cap Companies’ Stocks
▼ + stars: | 2022-10-17 | by ( Hannah Miao | ) www.wsj.com time to read: 1 min

Dave & Buster’s Entertainment is among the small-cap stocks that have posted gains topping those of megacap bellwethers this month. Small-cap stocks are bouncing back. After suffering bruising losses earlier this year, shares of many small, domestic-focused companies are outshining the large-capitalization stocks that dominate the U.S. equity markets. In October, the S&P 600 small-cap index has risen 2.5%, beating the large-cap S&P 500’s 0.1% decline. For the year, the S&P 600 is on pace to outperform the S&P 500 for the first time since 2016.

☆ There are signs of change in the M&A market. Bank of America gives their buyout candidates
▼ + stars: | 2022-10-17 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Health and tech are providing heat in what is otherwise a lukewarm year for merger and acquisition deals, according to Bank of America. The bank reported 150 deals so far this year, which annualized comes in about 9% lower than last year. That makes sense given lower market returns typically make for a weaker deal landscape, said strategist Jill Carey Hall. Bank of America screened for small-cap companies that could have merger or acquisition potential. It also boosted its revenue outlook for the third quarter to between $112 million and $115 million from between $96 million and $100 million.

☆ Top performing energy stocks may still be a buy based on their charts and earnings power
▼ + stars: | 2022-10-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

An ETF that mirrors the S & P technology sector has fallen 33% this year, while the ETF representing the energy sector is up 45%. On top of that, Strategas found that the energy sector is punching above its weight when it comes to earnings power. For instance, its 12-month trailing earnings weight among S & P 500 companies is more than double its S & P 500 market cap weight of about 5%. In the past 50 years, the sector has traditionally been about 11% of the S & P 500, he said. S & P energy earnings are expected to soar 121% in the third quarter, while total S & P 500 earnings are expected to grow just 4.1%, according to Refinitiv.

The Labor Department's producer prices index rose 8.5% in the 12 months through September, slightly higher than an estimated 8.4% rise. Register now for FREE unlimited access to Reuters.com Register"It is not going to be that way. That's what the Fed has been looking at and that's why they're raising rates the way they are. Persistent inflation has sparked worries about the Fed's aggressive monetary action tipping the world's largest economy into a recession. ET, Dow e-minis were up 46 points, or 0.16%, S&P 500 e-minis were up 10.25 points, or 0.28%, and Nasdaq 100 e-minis were up 41.25 points, or 0.38%.

The bounce follows five straight days of declines in the Nasdaq (.IXIC) and the benchmark S&P 500 (.SPX) as recent economic data nearly sealed a case for a fourth consecutive 75-basis-point hike by the Fed. The Labor Department's producer prices index data due at 8:30 a.m. ET is expected to have risen 8.4% in the 12 months through September, after advancing 8.7% in August. Register now for FREE unlimited access to Reuters.com RegisterStubborn inflation has sparked worries about the Fed's aggressive monetary action tipping the world's largest economy into a recession. ET, Dow e-minis were up 118 points, or 0.4%, S&P 500 e-minis were up 20.5 points, or 0.57%, and Nasdaq 100 e-minis were up 85.25 points, or 0.79%.

☆ Wall St futures rise with focus on inflation data, Fed minutes
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

The producer price index, an important inflation gauge, is expected to have risen 8.4% in the 12 months through September, after advancing 8.7% in August, according a Reuters poll. Register now for FREE unlimited access to Reuters.com RegisterMinutes from the Federal Open Market Committee meeting, which was held last month, will be released later in the day. Megacap companies Tesla Inc (TSLA.O) and Apple Inc (AAPL.O) added 0.8% each in premarket trading. ET, Dow e-minis were up 165 points, or 0.56%, S&P 500 e-minis were up 23.75 points, or 0.66%, and Nasdaq 100 e-minis were up 89.25 points, or 0.82%. Register now for FREE unlimited access to Reuters.com RegisterReporting by Bansari Mayur Kamdar in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

The Labor Department's producer prices index rose 8.5% in the 12 months through September, slightly higher than an estimated 8.4% rise. read morePersistent inflation has increased concerns about the Fed's aggressive monetary action tipping the world's largest economy into a recession. That's what the Fed has been looking at and that's why they're raising rates the way they are. Declining issues outnumbered advancers for a 1.74-to-1 ratio on the NYSE and for a 1.47-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week high and 41 new lows, while the Nasdaq recorded 7 new highs and 201 new lows.

Buying other companies is one option to help maintain its historical 20%-plus annual revenue growth, a person familiar with Amazon's deal process said. While Amazon doesn't necessarily prey on companies in trouble, the company is extremely price disciplined, the person familiar with Amazon's deal process told Insider. Bertucci has been a part of some of Amazon's largest transactions, including leading the MGM and One Medical deals. According to the person familiar with Amazon's deal process, Amazon only brings in investment banks when acquisitions reach roughly the $1 billion mark. Indeed, the One Medical deal alone could have netted Goldman and Morgan Stanley, which repped One Medical, in the tens of millions in fees.

During the Prime Early Access Sale, which began today and runs through October 12, Prime members can get an extra kickback, too. Limited-Time Deal Amazon Gift Card Deal Amazon is offering a $10 promotional credit if you purchase a $50 Amazon gift card during the Prime Early Access Sale. Prime Early Access Sale FAQWhat is the Amazon Prime Early Access Sale? Amazon's Prime Early Access Sale is a new shopping event aimed to give Prime members exclusive "early" access to holiday deals, hence the name. Similar to Prime Day, the Amazon Prime Early Access Sale is exclusive to Prime members.

☆ As the pound tanks, Goldman and others reveal the UK stock market's likely winners and losers
▼ + stars: | 2022-09-27 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

The British pound continued its slide against the U.S. dollar this week, hitting a new record low against the greenback Monday. Goldman Sachs European strategist Sharon Bell said the bank expects the pound to trade at around $1.05 over the next three months. Winners Secker is overweight the blue-chip FTSE 100 , which he believes is "arguably the ultimate 'weak FX' play." "The losers in the U.K. are the small-and-mid cap companies that are importing raw materials, which has now become more expensive. The FTSE 250 , which is more domestic than the FTSE 100, will also tend to suffer, all else equal, as sterling falls," Bell said.

☆ The Dow is in a bear market. What does that mean?
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

Worries that the Federal Reserve's war against decades-high inflation is pushing the U.S. economy into a downturn have sent the U.S. stock market tumbling in 2022. With the S&P 500 (.SPX) and Nasdaq (.IXIC) already down some 23% and 32%, respectively, from their record highs, confirmation the Dow is also in a bear market is just the latest milestone in 2022's market turmoil. Many investors use the terms loosely, and analysts don't always share the same specific definitions, particularly about when to call the end of a bear market. However, S&P Dow Jones Indices, which administers the S&P 500 and Dow Jones Industrial Average, has an even more nuanced definition. Indeed, investors can only be sure they are in a new bull market once a new record high has been reached, and at that point, the previous low would mark the end of the bear market and beginning of the new bull market, according to S&P Dow Jones Indices.

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