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☆ Club meeting recap: Jim Cramer says Wells Fargo is a buy following a first-quarter earnings beat
▼ + stars: | 2023-04-14 | by ( Christopher Alessi | In | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Equities fall Buy Wells Fargo Watch Estee Lauder 1. Buy Wells Fargo Club holding Wells Fargo (WFC) on Friday delivered a beat on first-quarter revenue and earnings, while reiterating its full-year guidance for net interest income and expenses. 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 .

☆ LMVH: China reopening gives Tiffany and Dior owner a boost
▼ + stars: | 2023-04-13 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Shares in LVMH, the world’s biggest luxury group, jumped to a record high after it reported strong first-quarter sales buoyed by the economic re-opening in China. The stock of Europe’s most valuable company rose 4.6% Thursday to hit €875 ($965) apiece, boosting the fortune of its owner Bernard Arnault, already the world’s richest man. The owner of brands such as Tiffany & Co. and Dior reported late on Wednesday sales of €21 billion ($17 billion) in the first three months of the year, up 17% from the same period in 2022. In Europe and Japan, first-quarter sales were strong, rising 24% and 34% respectively, thanks to “robust demand” from local consumers and international travelers. In the United States, sales rose 8%.

☆ A flurry of news outside the portfolio has implications for 3 of our stocks
▼ + stars: | 2023-04-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Here are three noteworthy news developments over the past two days, which contain useful insights about our stocks. For the full year 2023, Novo now expects sales growth in the range of 24% and 30%, compared to prior estimates of 13% to 19%. In addition, operating profit growth is expected to be in the range of 28% and 34%, up from a prior range of 13% to 19%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ The March jobs report was a win-win for stocks and the Fed, economist Mohamed El-Erian says
▼ + stars: | 2023-04-07 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

The March jobs report is a win for stocks and the Fed should keep a steady pace of rate hikes in May, Mohamed El-Erian said. Stock futures closed higher after the jobs report that arrived during the Good Friday holiday. "It's good to see good economic news," El-Erian, chief economic adviser at Allianz, said on Bloomberg TV after the Labor Department released its report. US stock futures turned higher after the Labor Department released its data. Trading in stock futures was open until 9:15 a.m. Eastern time on Friday, while broader equity trading was closed for the Good Friday holiday.

☆ Xi and Putin share a deep resentment of the US, but China's new dominance over Russia could eventually shatter the alliance
▼ + stars: | 2023-03-28 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Russia and China have formed closer ties to counter the power of the US. But China is the dominant one in the partnership, with Russia weakened by the Ukraine war. At last week's summit, Xi proposed a peace plan in Ukraine that critics said mainly reflected Russian demands. Russian President Vladimir Putin and China's President Xi Jinping at the Kremlin in Moscow on March 21, 2023. But despite such tensions, the Russia-China alliance will likely persist because of the deep resentment Putin and Xi share over the US' status as the world's top superpower.

☆ The banking crisis is doing Fed's work and creating a window for stocks to rally
▼ + stars: | 2023-03-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +19 min

Work from home has in part jacked up food prices, and the increase is about 14% above just last year. The only bank that looks like Silicon Valley Bank is First Republic Bank (FRC) because it, too, has suffered huge deposit withdrawals. Nike (NKE)said China orders were good, so did Club stock Starbucks (SBUX). As counterintuitive as it is, the banking row will give the 4.8% fed funds rate a chance to cool consumer spending. This gives stocks a window to advance until we begin earnings season with what will no doubt be a cautious banking sector.

☆ Nvidia, Tesla and Meta are helping power a growth-stock surge that has challenged BlackRock and Goldman Sachs
▼ + stars: | 2023-03-25 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +6 min

Growth stocks are beating value peers by the most in 3 years, despite interest-rate increases and banking-sector turmoil. Sizzling rallies in Nvidia, Meta and Tesla shares have helped power the surge in growth stocks. BlackRock strategists projected a similar view, saying in a late February report that they expect value stocks to outperform. Nvidia, Tesla, MetaStunning rallies in the shares of tech giants such as Nvidia and Meta as well as electric-vehicle maker Tesla have helped growth stocks beat their value peers by such an impressive margin. "Lower rates feed into lower discount rates, making future cash flows of growth companies more attractive," Dutta said.

HONG KONG, March 23 (Reuters Breakingviews) - Tencent (0700.HK) is sounding more like its normal self again. The combination of regulatory respite, a post-lockdown consumption bounce plus cost cuts have put the company in a sweet spot for 2023. Revenue in the three months to December inched up 0.5% from a year earlier, to $21 billion, reversing year-on-year declines from the previous two quarters. With 2022 firmly behind it, Tencent can put a spring back in its step. Shares of Tencent rose 4.7% to HK$364.00 during early morning trading on March 23.

☆ Gold prices could notch an all-time high soon — and stay there
▼ + stars: | 2023-03-22 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Investors have been flocking to gold and Treasurys as bank stocks have been whacked by the shuttering of Silicon Valley Bank and Credit Suisse's implosion. Gold prices have more room to run as global banks struggle and the U.S. Federal Reserve renders another interest rate decision, potentially breaking all-time highs — and staying there. Investors have been flocking to gold and Treasurys as bank stocks have been whacked by the shuttering of Silicon Valley Bank and Credit Suisse's implosion. Gold has risen around 10% since early March when SVB was hit by a bank run. "Continued central bank buying of gold bodes well for long-term prices," said CEO Randy Smallwood of Wheaton Precious Metals, a precious metals streaming company.

☆ The stock market is amazingly in the green since the bank crisis broke out. Here's why
▼ + stars: | 2023-03-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Despite the banking crisis, the S & P 500 is actually higher than it was the day before Silicon Valley Bank's troubles dragged the banking sector down. Crisis causes Fed to 'grip the wheel' The bank crisis is also seemingly affecting the Federal Reserve 's policy of raising interest rates, experts said. Yet on Wednesday, the Fed announced a 25 percentage point increase , while expressing caution about the banking crisis. "The banking crisis basically caused the Fed to grip the wheel with two hands and take a more cautious approach to its rate tightening policy," Stovall said. "Other areas of the economy, including larger companies who may maintain access to bank credit and public markets (and perhaps consumer relative to commercial borrowers) might then escape with less negative impacts," he said.

☆ How these 3 sisters grew up to become highly successful CEOs and a doctor: 'It's helpful to realize the world is often wrong'
▼ + stars: | 2023-03-17 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Believing in yourself has immeasurable value, says Anne Wojcicki. "It's helpful for people to realize the world is often wrong," she tells CNBC Make It. "When you're swimming upstream, it's hard and you're going to have people telling you it's a bad idea or you're not capable," Anne says. Many of those close relationships remain: Anne says she and her two sisters all still "have the same friends from early elementary school." 1 best piece of advice for regular investors, do's and don'ts, and three key investing principles into a clear and simple guidebook.

☆ The Club's recession-resistant retail stocks won't be hurt by a 'more reluctant' U.S. consumer
▼ + stars: | 2023-03-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

But the Club's defensive retail stocks, from discounter Costco Wholesale (COST) to coffeemaker Starbucks (SBUX), should continue to attract consumers in an increasingly volatile economic environment. But U.S. consumer spending was strongest in cosmetic stores, according to Citi. Among Wells Fargo's top-five hardline retail and restaurant picks, Club holding Starbucks (SBUX) on Tuesday was named a "top idea" among defensive stocks. The Club take The recession-resistant retail stocks in our portfolio are well-positioned to weather the current bout of economic turmoil. High-end coffee retailer Starbucks also continues to attract customers, despite the steep prices of its popular beverages.

☆ Club meeting recap: Cramer outlines the Club stocks that are well-positioned in a volatile economy
▼ + stars: | 2023-03-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Bank woes pressure stocks Stocks that work Stick with China-exposed names 1. 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.

☆ Quotes: Global banks under pressure as SVB triggers contagion worries
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +8 min

LONDON, March 14 (Reuters) - The health of the global banking sector as interest rates rise remained in the spotlight on Tuesday in the wake of the collapse of Silicon Valley Bank (SVB). But days of wild swings in global markets and hefty losses in bank shares, left the outlook for the sector in focus. Banks are now faced with the classic problem that has threatened banks throughout history: a mismatch in terms between assets and liabilities." Hopefully we'll go over the next few days, whether or not the financial system is going to calm down or not. "It’s been an indiscriminate sell off in banking stocks, the financial sector repriced everywhere.

☆ Investors fear inflation, higher yields may make U.S. equities 'dead money'
▼ + stars: | 2023-03-09 | by ( David Randall | ) www.reuters.com time to read: +5 min

Jonathan Golub, managing director at Credit Suisse, is among those with a bleak outlook for equities. "A six-month (Treasury) yield effectively guaranteed at 5.25% changes the dynamics for investors when the stock market looks shaky," he said. "You would need to get risk-adjusted returns in equities of at least 1 or 2 percentage points more than that, so in that environment stocks are not worth the effort and are dead money. Still, stocks have managed to hold onto their year-to-date gains so far even as bond yields have risen, with the S&P 500 up 4% and the Nasdaq Composite up nearly 11%. "You no longer have to hold your nose and invest in stocks because there's no other alternative," he said.

☆ US stocks will soon beat European peers again as hotter inflation means the region is heading into more aggressive rate hikes, BlackRock says
▼ + stars: | 2023-03-07 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

The S&P 500 this year has gained about 5% while German and French stocks are up in the 14% area. Good news on the economy means the European Central Bank (ECB) needs to hike rates more to cool inflation," wrote Wei Li, global chief investment strategist at BlackRock Investment Institute. "The ECB faces a stark trade-off between pushing up unemployment or living with persistent inflation," wrote Li. Market pricing indicates rates will peak around 3.9% compared with expectations of 3.2% in February, with fewer rate cuts expected next year. We're underweight European stocks but like the financial, energy, healthcare and consumer discretionary sectors," said Li.

☆ US factory orders fall as civilian aircraft demand dives
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +3 min

The report from the Commerce Department on Monday also showed shipments of manufactured goods rebounding after two-straight monthly declines, while inventories were unchanged. The drop in factory orders in January mostly reflected a 13.3% decline in transportation equipment, which followed a 15.8% jump in December. Transportation equipment orders were weighed down by a 54.5% tumble in orders for civilian aircraft. Motor vehicle orders increased 1.3%. Shipments of manufactured goods increased 0.7%, the biggest gain since August, after falling 0.6% in December.

Here's an update on technology-related holdings in Jim Cramer's Charitable Trust, the portfolio we use at the CNBC Investing Club. Jim ran through the 35 stocks during the Club's inaugural Annual Meeting, an in-person event Saturday in New York City. Big picture, we think AMD shares will continue to increase in value as its leadership over Intel is further cemented. But sentiment is improving, with AMD shares climbing around 21% year to date. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Frederick, the President of Howard University, at a press conference February 29, 2016, in the university's Founder's Library. Frederick is the 17th president of Howard University, one of 107 historically Black colleges and universities in the U.S., serving some 11,000 students across its undergraduate, graduate, and professional student programs. Frederick is the distinguished Charles R. Drew Professor of Surgery at the Howard University College of Medicine. He is also a practicing cancer surgeon at Howard University Hospital, where he continues to see patients and perform surgeries. CNBC: The Department of Defense recently announced its selection of Howard University as the 15th university, and first HBCU, to lead a University Affiliated Research Center.

☆ People who moved to Tennessee for cheaper homes and a laid-back life say they're happy — for the most part
▼ + stars: | 2023-02-26 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +10 min

The 50-year Florida resident decided to pack up and move to Memphis, Tennessee, for a more manageable mortgage payment while on a fixed income. Foster said clients have recently moved to Tennessee from New York, New Jersey, and California. He traded snowy Buffalo for the ease of southern livingMichael and Danielle Ekstrum moved to Tennessee after becoming empty nesters in 2018. A retiree fed up with California's overcrowding bought a home in Tennessee without thinking twiceMichael and Bonnie Tyler moved from Sacramento, California, to Jonesborough, a historic town in eastern Tennessee. "There's too much traffic, too many people, it's way too expensive, and there's no water," Tyler told Insider.

REUTERS/Cole Burston/File PhotoFeb 24 (Reuters) - Airports are taking steps to avoid gridlock during the upcoming holiday travel seasons, with some limiting flights during peak hours to avoid the long lines and luggage piles that marred last summer. While smoother holiday travel is expected for Europe and North America, airlines and airports which learned tough lessons on holiday travel in 2022, are taking a more prudent approach as global traffic rebounds roughly to pre-pandemic levels. Despite extensive planning and hiring this year, some airlines and airports are still wrestling with industry staff shortages, including baggage handlers. Germany's Lufthansa AG (LHAG.DE) said it has cut summer flights by an unspecified amount due to shortages of personnel like ground handlers at airports in Frankfurt and Munich. U.S. Customs and Border Protection and the Canada Border Services Agency were not immediately available to comment on staffing.

☆ 12 top investors, from Blackstone to TPG, pouring billions into production studios in a long-term bet on Hollywood's content boom
▼ + stars: | 2023-02-21 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Institutional investors continue to see gold in Hollywood studios, despite a slowdown in content spending. Just as investors are pouring money into film and TV production companies, they're also doubling down on studio space, betting that the content boom is here to stay. The production real estate arena has attracted giants like Blackstone, which in 2020 acquired 49% of real estate investment trust Hudson Pacific Properties' three Los Angeles-based studios. Also bulking up in Hollywood is Bain Capital Real Estate, which in 2019 created a joint venture with Bardas Investment Group, a West Hollywood real estate development and investment firm. And investors insisted to Insider that their long-term view on the space hasn't darkened, even if high interest rates and a slowdown in new content spending temper activity in the short term.

SummarySummary Companies Spain's new restructuring law faces looming testCelsa caught between creditors and shareholdersSuccessful outcome seen lifting Spain outlookLONDON/MADRID, Feb 15 (Reuters) - Spain's new restructuring law is just over four months old and already being tested as the economy slows, with companies and officials hopeful it will help cut high bankruptcy rates. Now, a restructuring plan for Celsa, Spain's largest private industrial group with debt worth roughly 2.8 billion euros ($3.04 billion), is going through the courts. LITMUS TESTA court-sanctioned restructuring plan in December for Spanish frozen food retailer Xeldist Congelados allowed it to receive fresh capital and save jobs in a first success for the new law. "The Celsa case shows that creditors can push for a restructuring plan and request the appointment of an expert to assist in the negotiations," said Juan Verdugo, partner at law firm Garrigues. Spain is playing catch up after the EU in 2019 told member states to improve restructuring toolkits.

☆ New Zealand mount home defence against England's 'Bazball'
▼ + stars: | 2023-02-14 | by ( Ian Ransom | ) www.reuters.com time to read: +3 min

While New Zealand have not lost a test series at home to England since 2008, Stokes's men have little respect for the record books. If New Zealand have a sliver of hope it may lie in England's trouble with day-night tests. England have lost their last five under the lights and neither James Anderson nor Ollie Robinson have much love for the pink Kookaburra ball. England have not looked back since McCullum and Stokes took charge but the series will be a reminder of where it all began for the Anderson-Stuart Broad pace axis. They kept their spots for the third and final clash in Napier, which England won to seal the series 2-1.

With a majority of S & P 500 companies having posted their quarterly results, investors' focus will turn toward inflation and the consumer price index reading in the upcoming week. The three major indexes are on pace to end the week down, with the S & P 500 poised to post its worst performance since December. Sharp declines for Alphabet , which is off by more than 9% this week, dragged the tech-heavy index. January's consumer price index With the latest Powell speech in the books, investors are now looking ahead to the consumer price index for insight into the pace of inflation. "Retail sales and CPI is really driven by the consumer, and a lot of eyes are on how the consumer doing," Bruno said.

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