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☆ Raymond James downgrades Home Depot, says there are challenges ahead despite solid earnings report
▼ + stars: | 2022-11-16 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Hold off on Home Depot for now, according to Raymond James. Analyst Bobby Griffin downgraded shares of Home Depot to market perform from outperform, foreseeing challenges next year for the housing sector. Home Depot posted on Tuesday better-than-expected results for the third quarter , while reaffirming its full-year outlook. "[Any] potential decrease in home prices ... could hinder consumer's perceived return on investment in their homes following several years of record spend in the category," Griffin wrote. Still, Griffin said the long-term investment case for Home Depot remains intact, as he expects that the retailer will continue to take market share from here.

☆ Amazon remains a show-me stock but we're encouraged by some positive Wall Street commentary
▼ + stars: | 2022-11-15 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Amazon (AMZN) received several mentions Tuesday from Wall Street analysts covering a range of topics. While including commentary on Alphabet and Meta from the note as a point of reference, we're mostly focusing on Amazon. From a top-down view, Morgan Stanley maintained that Amazon remains "strategically positioned" to take market share in e-commerce and enterprise spend "through/post downturn." From a bottom-up view, the analysts acknowledged that Amazon, along with other large-cap tech names, is finally taking its medicine. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Results of Tuesday's election remain uncertain, with President Joe Biden's Democratic Party performing better than expected and potentially in position to retain control of the Senate. "This will be de facto gridlock regardless of the outcome," said Brian Gardner, Washington-based strategist for Stifel. But it can also gum up the wheels of basic governance and pose its own set of risks. But it also may have helped trigger the current round of inflation, and has pushed U.S. public debt to record levels. That may mean a more reluctant fiscal response to any coming downturn.

☆ Aveva signals revenue growth in the second half
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: 1 min

LONDON, Nov 8 (Reuters) - Aveva (AVV.L), the British software company targeted by its top shareholder Schneider Electric (SCHN.PA), said on Tuesday it expected revenue to grow in the second half, while increases in its cost base that squeezed first-half profit would abate. The company reported a 2.5% drop in revenue on an organic constant-currency basis to 553.8 million pounds ($635.3 million)for the six months to end-September. Higher costs, particularly in research and development and sales, resulted in adjusted operating profit falling 42% to 72.9 million pounds, it said. ($1 = 0.8718 pounds)Reporting by Paul Sandle; Editing by Sachin RavikumarOur Standards: The Thomson Reuters Trust Principles.

☆ Starbucks delivered solid quarter and guidance, imagine when China fully reopens
▼ + stars: | 2022-11-03 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Estimates were for 4% global growth and 8% in the U.S. China sales dropped 16%. The Q4 operating profit margin contracted to 12.2% from 19.7% in the year ago period due largely to China store closures. Guidance No surprises here, as we mentioned earlier, with management reaffirming the full-year fiscal 2023 guidance provided at the company's Investor Day in September. A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California.

☆ We still see Estee Lauder shares as a buy on weakness despite downbeat guidance
▼ + stars: | 2022-11-02 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Estee Lauder (EL) reported a better-than-expected fiscal first quarter, but a downbeat forecast for the rest of its fiscal year sent shares lower Wednesday. If the U.S. dollar is peaking here and starts to pullback, Estee Lauder will also see a huge pressure point on its business gradually ease. Even though foot traffic may be down in stores, we think Estee Lauder is seeing solid growth from its direct-to-consumer channels. Shares of Estee Lauder have dropped 13% since we started a position back near the end of September. Capital Returns Separately, Estee Lauder announced that it's increasing its quarterly dividend payment by 10% to 66 cents per share.

☆ IMF backs Latam progressive taxes, fiscal discipline
▼ + stars: | 2022-11-02 | by ( Rodrigo Campos | ) www.reuters.com time to read: +2 min

For most of the region "the story there is actually they have pretty good fiscal and monetary frameworks," said Nigel Chalk, acting director of the Western Hemisphere Department at the IMF. "So it's more a question of letting the frameworks work and do their job as they were designed." The fund said last month tightening global financial conditions and high inflation clouded the outlook for Latam and Caribbean economies. Carbon taxes, which have been discussed across the region, are also on the IMF menu for increasing revenues. Reuters GraphicsReporting by Rodrigo Campos and David Lawder; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ Kit Connor's sexuality is none of your business
▼ + stars: | 2022-11-01 | by ( Allison Hope | ) edition.cnn.com time to read: +8 min

CNN —The pressure for 18-year-old actor Kit Connor to come out had been building on social media for months. It is one of the first to center LGBTQ characters — both Nick and Charlie, as well as others in the main cast — geared towards a teen and young adult audience. Rob Youngson/NetflixThe truth about Nelson’s character, as well as Connor’s real-life identity, may be much more nuanced. (From left) The cast of "Heartstopper" — Kizzy Edgell, Corinna Brown, Kit Connor, Joe Locke, Tobie Donovan and Sebastian Croft — attend London Pride on July 2. Chris J Ratcliffe/Getty ImagesNow LGBTQ audiences are rightfully asking the hard questions about who gets to play LGBTQ characters.

☆ JPMorgan upgrades Monster Beverage, says it's attractive heading into 2023
▼ + stars: | 2022-11-01 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

JPMorgan thinks it's time to buy shares of Monster Beverage . Analyst Andrea Teixeira upgraded shares of Monster Beverage to overweight from neutral ahead of the company's third-quarter earnings results this week. "We think MNST is well positioned into 2023E from both organic top-line (JPMe: 11%) and bottom-line perspectives (JPMe: +31%)," Teixeira wrote in a Tuesday note. Several challenges remain for Monster Beverage, including rising inflation and greater competition from new entrants in the field. Shares of Monster Beverage are down just 2.4% this year.

☆ Australia signs up to global pledge to cut methane emissions by 30%
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Oct 23 (Reuters) - Australia's climate change minister Chris Bowen on Sunday said the government has joined the Global Methane Pledge as part of multilateral efforts to reduce global methane emissions. The government will continue to partner with industry to decarbonise the economy, especially in energy and waste sectors, and capture waste methane to generate power, he said. The senior minister said the pledge would not require Australia to focus only on agriculture, or reduce agricultural production or livestock. The U.S.- and EU-led effort pledges to slash methane emissions by 30% by 2030. The effort now covers 60% of global gross domestic product and 30% of global methane emissions.

☆ 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.

☆ Wall Street retreats as Fed worries outweigh earnings
▼ + stars: | 2022-10-20 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

The New York Stock Exchange building is seen from Broad Street in Lower Manhattan in New York, January 20, 2016. But stocks were unable to hold their gains as strong weekly jobless claims and comments from Federal Reserve Bank of Philadelphia President Patrick Harker bolstered concerns about the Fed hiking rates and potentially tilting the economy into a recession. Better-than-expected results thus far has pushed earnings growth expectations for third-quarter for S&P 500 companies to 3.1% from a 2.8% increase earlier in the week, but still well below the 11.1% increase that was forecast at the start of July. Other data showed sales of existing homes fell for an eight straight month, while another reading showed factory activity in the Federal Reserve Bank of Philadelphia's district contracted again in October. The S&P 500 posted 3 new 52-week highs and 23 new lows; the Nasdaq Composite recorded 40 new highs and 204 new lows.

☆ Climate investor Satgana funds early-stage founders tackling issues across food, energy, and carbon removal. Here's a peek at its first 16-slide LP fundraising deck.
▼ + stars: | 2022-10-20 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Climate-focused investor Satgana just closed the first round of its inaugural $29 million fund. We got an exclusive look at the 16-slide pitch deck it used to raise the funds. European venture capital firm Satgana has closed the first tranche of its 30 million euros (around $29 million) climate tech fund. Founded in 2020, the Luxembourg-based investor will write checks of up to 500,000 euros to 40 pre-seed and seed-stage startups across Europe and Africa. This is particularly important for startups that enable other climate tech solutions but may not have direct impact, he said.

☆ Inflation already peaked, and 2 things in particular will ease Americans' pain over the next 12 months, JPMorgan says
▼ + stars: | 2022-10-19 | by ( Ben Winck | ) www.businessinsider.com time to read: +5 min

The US is past peak inflation, and the cooldown is going to be swift, JPMorgan said Tuesday. Supply-chain healing and the strong dollar will slow price growth and even bring some discounting, the team said. Inflation is forecasted to slow to 6.8% by the end of the year, marking the lowest inflation since last November. The strong dollar will drag import costs lowerThe Fed's rate hikes haven't been very helpful to Americans so far. Import prices aren't just set to "slow significantly," but could even fall by the end of 2023, according to the bank.

☆ Tesla Autopilot’s safety questioned after latest fatal motorcycle crash
▼ + stars: | 2022-10-17 | by ( Matt Mcfarland | ) edition.cnn.com time to read: +6 min

Driver-assist crash data that automakers like Tesla must report to NHTSA was published Monday and revealed that Autopilot was engaged. A Utah motorcycle rider was killed in July after being struck by a Tesla driver using Autopilot. Utah Department of SafetyA Tesla driver using Autopilot struck a motorcycle lying on a road on July 7 at 4:47 a.m in Riverside, California. Motorcycle safety advocates say they’re concerned that the software fails to see motorcycles and lulls Tesla drivers into a sense of complacency and inattentiveness. Europe’s vehicle safety programs test if driver-assist systems identify motorcycles.

☆ A portfolio manager beating 99% of his peers this year breaks down why the market has another 15% to 20% of downside ahead — and shares the biggest mistake investors could make once the Fed begins to
▼ + stars: | 2022-10-17 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

Drawing from the dot-com crash, he believes the current bear market still has 15%-20% more downside. Abate also shared the biggest mistake investors could make once the Fed begins to ease once more. Today's bear market mirrors the dot-com crashPart of Abate's investment process involves drawing parallels between the current market and historical recessions. "I still think that we are in the midst of a bear market. Similarly, both bear markets were also kicked off by an "excessive period of poor allocation of investment capital," Abate said.

☆ 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.

☆ Sterling drops as UK turmoil escalates; dollar hits new 32-year high vs yen
▼ + stars: | 2022-10-14 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

The dollar, on the other hand, continued its march higher against a beleaguered yen, hitting a fresh 32-year peak of 148.86. Japanese Finance Minister Shunichi Suzuki on Thursday reiterated the government's readiness to take steps against excessive currency volatility. Register now for FREE unlimited access to Reuters.com RegisterJapan last month intervened to buy yen for the first time since 1998. The pound, meanwhile, fell for a second straight day against the dollar, last traded at $1.1167, down 1.4% . U.S. retail sales were unexpectedly unchanged in September as stubbornly high inflation and rapidly rising interest rates crimp demand for goods.

☆ Morgan Stanley's decline on Q3 results is too severe and may lead to a buying opportunity
▼ + stars: | 2022-10-14 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Club holding Morgan Stanley (MS) reported weaker-than-expected results for its third-quarter before the opening bell Thursday. Segment results Institutional Securities net revenue of $5.82 billion for Q3 missed expectations of nearly $6 billion. Wealth Management net revenue of $6.12 billion for Q3 came up a bit short versus expectations of $6.15 billion. Investment Management net revenue of $1.17 billion for Q3 missed the $1.34 billion consensus. The logo of Morgan Stanley is seen in New York Shannon Stapleton | Reuters

☆ 9 Stock Picks, Investing Strategy From Top 1% Fund Manager in 2022
▼ + stars: | 2022-10-14 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

James Abate's fund has beaten 99% of its peers this year and over one, three, and five years. Here are his 9 standout stock picks which he says have enough pricing power to beat the bear market. He compared this dogmatic style of investing — purposely ignoring opportunities in the market — to horses running around a track with blinders on. Within energy, Abate specifically likes more gas-related names versus oil-related ones, with two standouts including Exxon Mobil (XOM) and EQT (EQT). Below is the full list of Abate's nine standout stocks along with the ticker, market capitalization, and sector for each.

☆ Most Gulf markets in red ahead of U.S. inflation data
▼ + stars: | 2022-10-13 | by ( Ateeq Shariff | ) www.reuters.com time to read: +2 min

Oct 13 (Reuters) - Most stock markets in the Gulf ended lower on Thursday, ahead of U.S. inflation data which is likely to shape the size of the Federal Reserve's next interest rate hike. read moreThe Saudi market could continue seeing negative performances while oil markets continue to show downside risk, said Farah Mourad, senior market analyst of XTB MENA. In Abu Dhabi, the index (<.FTFADGI>) eased 0.4%, with the UAE's biggest lender First Abu Dhabi Bank (<FAB.AD>) falling 1.3%. Outside the Gulf, Egypt's blue-chip index (<.EGX30>) retreated 0.5%, ending two sessions of losses, helped by a 0.8% increase in top lender Commercial International Bank Egypt (<COMI.CA>). Register now for FREE unlimited access to Reuters.com RegisterReporting by Ateeq Shariff in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ The market for EV tech is revving up — and it's a good time to cash in on these stocks, Citi says
▼ + stars: | 2022-10-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Fuel cells could be the next big technology to power electric vehicles — Citi is naming it one of the 10 fastest-growing markets in industrial tech. Fuel cells use hydrogen or other fuels to cleanly produce electricity. Citi estimated the fuel cell market could grow from around $2.5 billion in 2021 to $43 billion by 2030. A 'hidden' EV battery play Morgan Stanley flagged one stock that it says is a "hidden EV battery play." Morgan Stanley also pointed to the firm's healthy balance sheet and cash resources, saying the EV battery recycling industry could give it further upside.

☆ Synthomer shares plunge on lowered annual profit outlook
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +1 min

Sept 29 (Reuters) - Shares of Synthomer Plc (SYNTS.L) slumped to their lowest in more than a decade after the polymer maker slashed its annual core profit projections on Thursday, hit by destocking of medical gloves and declining demand due to macro challenges. Synthomer has been saddled with a high inventory of medical gloves post the pandemic, with reduced demand. Meanwhile, the deteriorating macroeconomic conditions led to reduced demand in construction and coatings end markets, hurting trading in Europe, it added. Shares of the London-listed company tanked 32% to 94 pence as of 0750 GMT, hitting their lowest level since 2010. Register now for FREE unlimited access to Reuters.com RegisterReporting by Muhammed Husain in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ How to navigate a bear market — we look to history for answers and tell you how we're doing it
▼ + stars: | 2022-09-28 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

So the current bear market started in early January and won't be considered over until the S & P 500 closes 20% or more above its bear market low, which can only be determined in hindsight. But Monday and Tuesday, the S & P 500 closed lower, setting new bear market lows each day. Notably, the term "rolling bear market" has also been one we have heard in recent years. Investing in a bear market There are various options for how different sorts of people can play a bear market like the one we find ourselves in. Bottom line But as painful as it may be right now, the one thing history tells us is what always follows a bear market is a bull market.

☆ Life after monkeypox: Men describe an uncertain road to recovery
▼ + stars: | 2022-09-25 | by ( Benjamin Ryan | ) www.nbcnews.com time to read: +16 min

Following recovery from this skin lesion–causing virus, people often find themselves waiting anxiously over the course of months to see whether monkeypox will leave them with permanent scarring. The marks are also signals of an infection that because it largely transmits through sex between men, can be highly stigmatized. Gerald Febles points to a scar left from his monkeypox outbreak. He founded a Zoom-based monkeypox support group for people with the virus he met mainly through social media. “I need to get back to my normal life,” said Galaise, who works for a New York City governmental agency.

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