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☆ BofA says 'higher-for-longer' oil will boost stocks beyond energy — here are some of its picks
▼ + stars: | 2022-10-19 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

"The cut to oil production comes at a time when global inventories are already low and U.S. reserves are at levels not seen since the 1980s, pushing oil prices higher-for-longer," the bank's analysts wrote in an Oct. 17 note. They estimated that this could send oil prices to an average of $100 per barrel next year – 20% above consensus. Oil prices have been volatile this year, rallying following the Russia-Ukraine war before sliding on recession worries. But BofA is bullish on the sector, predicting that oil and gas stocks are set to benefit. "Sectors exposed to higher energy prices and the secondary implications are Oil & Gas, LNG, Utilities, Alt.

☆ Morgan Stanley's Mike Wilson flags a key risk to earnings — and names the stocks to avoid
▼ + stars: | 2022-10-17 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Morgan Stanley believes U.S companies are facing an inventory problem — and it's a key risk to earnings. "The problem with inventory is two-fold: supply chain bottlenecks are clearing while demand, especially demand for goods, is slowing," Morgan Stanley strategists led by Michelle Weaver and Mike Wilson wrote in an Oct. 10 note. Morgan Stanley believes the inventory problem has now become a risk to earnings, with oversupply and lagging demand likely to weigh on companies' margins. However, although a broad problem for the market and for goods producing industries in particular, not all industries are impacted to the same degree, according to Morgan Stanley. The bank found that tech hardware and consumer retail companies are among the most at risk from excess inventory.

☆ Bargain retailer TJX strategically placed to navigate a recession, JPMorgan says
▼ + stars: | 2022-10-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

TJX Companies (TJX) is competitively positioned to weather an economic slowdown, JPMorgan said Monday, underscoring the Club case for owning the off-price retailer. JPMorgan analysts added TJX — whose brands include T.J Maxx, Marshalls and HomeGoods — to their "Analyst Focus List," while reiterating an overweight rating and a Dec. 2023 price target of $80 a share. TJX stock, which is down about 13% year-to-date, was trading up more than 4% in midday trading Monday, at roughly $66.23 a share. That's helped to insulate the retail operator from a recession, JPMorgan analysts argued, and should allow management to make good on its promise to expand merchandise margins within the next three years. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ How TJ Maxx and Ross discount their clothes by so much
▼ + stars: | 2022-10-15 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN Business —It’s a great time to be a closeout store like TJ Maxx. In July, they were sitting on $713 billion in inventory, according to the latest data from the Census Bureau. That’s a prime opportunity for “off-price” retailers such as TJX (TJX) – the parent of TJ Maxx, Marshalls and HomeGoods – as well as Ross (ROST), Burlington (BURL) and Ollie’s Bargain Outlet (OLLI). And if a designer changes the style or color of a dress, for example, off-price stores are happy to take it and sell it on the cheap. “We are seeing extraordinary off-price buying opportunities in the marketplace,” TJX CEO Ernie Herrman said in August.

☆ These 7 states have the least air pollution in the U.S.
▼ + stars: | 2022-09-24 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

That's good news for residents of several states, according to a new U.S. News and World Report analysis, which ranked all 50 states according to how polluted they are and the risk that pollution poses to their population's health. That ranking is consistent with other 2022 analyses: The American Lung Association (ALA) says Vermont's cities are among the cleanest by air quality in the country, and have low levels of the most harmful and widespread types of air pollution. The state's Burlington-South metro area in particular is one of only two U.S. cities that rank as the cleanest for the worst types of air pollution, which include particle pollution and ozone air pollution. In 2022, the ALA said the state's air quality got "mixed grades." Several pieces of research point to the state's poor air quality.

☆ North Carolina authorities searching for teen accused of killing high school freshman and ex-football player
▼ + stars: | 2022-09-21 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

A 17-year-old was accused of murder Tuesday in the deaths of two North Carolina high school students who vanished over the weekend and were found dead, authorities said. Woods was a freshman and Clark was a former football player at another high school west of Durham, their school districts said in separate statements. Orange County Sheriff Charles Blackwood said his investigators identified the suspect with the help of other law enforcement agencies. WRALMen riding four-wheelers found the bodies of Woods and Clark in western Orange County on Monday afternoon, the sheriff's office said. Woods was a ninth-grader at Cedar Ridge High School in Hillsborough, Orange County Schools said in a statement.

☆ Retailers have a serious inventory problem. Here are the stocks most at risk, according to UBS
▼ + stars: | 2022-09-21 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

UBS said the inventory problem at retailers is worse than investors are expecting, and identified some stocks that will be hardest hit. 2) The Street's 3Q and 4Q gross margin estimates look too high," analyst Jay Sole wrote in a note Wednesday. The findings are an ugly surprise for some investors who expected retailers would resolve inventory issues after the first quarter this year, according to UBS. "Since the industry's sales/inventory spread has deteriorated, we believe the industry's gross margin trend should deteriorate too in Q3. Kohl's inventory jumped at the end of the second quarter, up 48% from the end of the second quarter in 2021, because of lower sales.

☆ A 23-year-old, self-described 'Crypto King' reportedly had his Lamborghini, BMWs, and McLarens seized after investors sued him claiming he stole $35 million
▼ + stars: | 2022-09-21 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Aiden Pleterski, who calls himself "Crypto King," had $2 million of assets seized, CBC Toronto reports. Now, he's being sued by former investors in a bankruptcy proceeding and two civil lawsuits. The seized assets of the man, Aiden Pleterski, include his Lamborghini, two McLarens, and two BMWs, CBC Toronto first reported. A lawyer for Pleterski told CBC Toronto that Pleterski thinks the claims against him by former investors are "wildly exaggerated." In a meeting with creditors, Pleterski reportedly told them he was "very unorganized," and didn't keep records of his investments.

☆ Wonder where the economy is heading? Pay close attention to earnings
▼ + stars: | 2022-09-20 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +5 min

Economic bellwether FedEx (FDX) stunned Wall Street last week with a massive earnings warning and tepid outlook for the global economy. Still, investors remain nervous about the health of the railroad business, a sign of the jitters about the overall economy. Most of Corporate America operates on a calendar year schedule for earnings, which means they will report third quarter results in October. That would be the worst quarter for earnings since a 5.7% decrease in the third quarter of 2020, when the economy was reeling from Covid-imposed lockdowns. That adds to the risk that a global spike in rates will lead to a further slowdown in earnings, consumer spending and the overall economy.

☆ We're buying more shares of two companies, stepping off the sidelines in this down market
▼ + stars: | 2022-09-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

We're buying 25 shares of Danaher (DHR) at roughly $272.79 each. We're also buying 100 shares of TJX Companies (TJX) at roughly $63.04 each. Following Tuesday's trade, the Trust will down 950 shares of TJX, increasing its weighting in the portfolio to 2.13% from 1.91%. We're adding to our position in Danaher and buying back 25 shares we previously sold at higher levels. Danaher shares have fallen about 3.5%, or $10, since the company made these two announcements last Wednesday after the closing bell, compared to a roughly 2.9% decline in the S & P 500 .

But that doesn’t mean that the freight railroads are providing good service to their customers. Many of the problems tangling up the supply chain, driving up prices and slowing the economy can be traced to the steady decline in freight rail service in recent years. “Railroads understand that service is not at the level customers expect or deserve. “”I’m told by a lot of our members that this has been the worst rail service year in their careers. For rail customers there is basically no alternative for the products they ship.

☆ Unilever violating merger deal over Israel sale - Ben & Jerry's founders on MSNBC
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

Ice creams of Ben & Jerry's, a Unilever brand, are seen at their shop in London, Britain, October 5, 2020. REUTERS/Hannah McKay/File PhotoSept 18 (Reuters) - The founders of ice cream maker Ben & Jerry's said on MSNBC on Sunday that parent Unilever PLC (ULVR.L) is in violation of the 2000 merger deal over its sale of Ben & Jerry's business in Israel to a local licensee who could sell their products in the West Bank. "That agreement gave authority over the social mission to the independent board of Ben & Jerry's. Ben & Jerry's said earlier this month that it plans to amend its lawsuit challenging Unilever's sale of the Israeli business in Federal court in Manhattan. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Alden Bentley; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ Drag performer, 25, dies mid-performance at Philadelphia bar
▼ + stars: | 2022-09-15 | by ( Alexander Kacala | ) www.nbcnews.com time to read: +3 min

A Philadelphia drag performer beloved by the local LGBTQ community died Monday night during a performance at a popular gay bar. Valencia Prime, 25, was performing at Tabu Lounge and Sports bar, in the heart of Philadelphia's Gayborhood, when she collapsed on stage, bar owner Jeffrey Sotland said. "We say goodbye to Valencia Prime but we will not forget the light you brought to the stage." Valencia Prime. According to Prime's Facebook page, she graduated from Delran High School in 2015 and later attended Rowan College at Burlington County in New Jersey and Temple University in Philadelphia.

☆ Warren Buffett's 91st year marked by a huge focus on Berkshire Hathaway's energy empire
▼ + stars: | 2022-08-30 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Warren Buffett turns 92 on Tuesday, having spent the past year expanding further his Berkshire Hathaway energy empire, making a classic value investor's bet. Plus, many energy stocks have found themselves with torrents of cash flow since the economy reopened following Covid lockdowns. "All of this just sounds like the perfect Berkshire Hathaway stock." If Berkshire continues to ramp up its Occidental investments and makes the position a controlling one, it probably reflects the influence of Greg Abel, Buffett's likely successor who has been leading the conglomerate's energy unit Berkshire Hathaway Energy. Berkshire acquired MidAmerican Energy in 1999, and Abel became CEO of MidAmerican Energy in 2008, six years before it was renamed Berkshire Hathaway Energy in 2014.

☆ Dollar Tree's stock tumbles as rival Dollar General's bet on food and groceries pays off
▼ + stars: | 2022-08-25 | by ( Robert Hum | ) www.cnbc.com time to read: +4 min

Look at what's happening between Dollar General and Dollar Tree if you want proof. The reason for Dollar Tree's weaker outlook is price cuts it's taking at Family Dollar stores that will eat into margins. Dollar General said it's seeing plenty of customers visiting its stores to buy food and groceries. But the problem for Dollar Tree is that it has less exposure to the grocery business than Dollar General. Family Dollar's customers tend to have lower incomes than both Dollar Tree and Dollar General, and clearly these shoppers are feeling the strain of months of higher prices.

☆ From Boeing Starliner to Goodyear Tesla tire, 3-D printing is becoming manufacturing reality
▼ + stars: | 2022-07-31 | by ( Rebecca Fannin | ) www.cnbc.com time to read: +7 min

Currently, about 2% of its production is through additive manufacturing and more integration into the mix is in sight. 3-D printing is not for every job. Prices for industrial 3-D printing machines can vary from $25,000 to $500,000 and up to $1 million for huge systems. But stock market reception of 3-D printing as a pure-play investment theme has not been good in recent years. Pivoting to 3-D printing was the company's "Kodak moment," said owner and president Mark Lamoncha.

☆ Why tech workers are quitting great jobs at companies like Google to fight climate change
▼ + stars: | 2022-07-26 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +14 min

"What bigger problem is there to solve for our generation than climate change?" Not only is climate change an existential-level threat to humanity, it is especially dangerous for the poorest communities around the world. "Eventually, it just got to the point where I couldn't justify to myself why I'm still doing something that isn't climate," Kirpichov told CNBC. "It turns out that there are just so many people who are in the same boat," Kirpichov told CNBC. We know Southeast Asia is going to get hit really hard with climate change.

☆ My husband and I made $200,000 in revenue last year on Poshmark. Here's how I went from working at Bath & Body Works to reselling full time.
▼ + stars: | 2022-07-13 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +8 min

I resell shoes on Poshmark full time under the closet name "RNZY," which is my husband, Ryan's, and my name combined. From 2013 to 2015, I worked as a Bath & Body Works store manager in Burlington, Vermont. We sold shoes and clothing, but we quickly niched down to exclusively shoes. We both realized that we enjoyed the entire process of selling shoes — sourcing, cleaning, photographing, listing, and shipping. (We search for the pair of shoes on Poshmark and select "sold items."

Sen. Patrick Leahy, the veteran Democratic lawmaker who told reporters Monday he will not seek re-election in Vermont, holds impressive distinctions. Leahy went on to appear in "Batman & Robin" (1997), "The Dark Knight" (2008), "The Dark Knight Rises" (2012) and "Batman v Superman: Dawn of Justice" (2016). "The Dark Knight" gave Leahy his juiciest role outside Capitol Hill — as well as his most cherished Batman cameo, according to David Carle, Leahy's press secretary. "He scared the heck out of me, when he came at me with the knife," Leahy told the political publication Roll Call. "I have too many other things going on with Covid, with appropriation bills," Leahy told the newspaper in August 2020.

☆ Microsoft, pe cale să facă a doua cea mai mare achiziție din istoria sa, de 16 miliarde dolari
▼ + stars: | 2021-04-12 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Microsoft și Nuance colaborează din 2019 în domenii precum telemedicină. Microsoft are o valoare de piață de peste 1.900 miliarde dolari și are în plan mai multe achiziții mari. Sursele spun că tranzacția va fi anunțată în aceste zile, însă există o posibilitate ca înțelegerea să pice. Prețul oferit de Microsoft este cu 23% mai mare decât prețul acțiunilor Nuance de vineri.Nuance activează în domenii precum ”artificial intelligence” și ”speech recognition technology” și are o valoare de piață de 13 miliarde dolari. Compania a avut venituri de aproape 1,5 miliarde dolari în anul fiscal precedent și venituri nete de 91 milioane dolari.

Organizations: Microsoft, Apple Locations: Burlington, Massachusetts

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