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☆ Chinese firms face embarrassment of listing riches
  + stars: | 2023-02-10 | by ( ) www.reuters.com   time to read: +2 min
HONG KONG, Feb 10 (Reuters Breakingviews) - Global appetite for Chinese stocks is returning. Sensor-maker Hesai shares popped nearly 11% in what is the biggest initial public offering from the People’s Republic in New York since 2021. The country's sudden reopening has boosted economic activity, and regulators are prioritising growth over cracking down on private firms. Hedge funds have increased their exposure to Chinese equities back to 2020 levels, Goldman Sachs data shows. A steady stream of firms are mulling Hong Kong listings too.
☆ India Budget 2023: Here's what the experts say
  + stars: | 2023-02-01 | by ( ) www.reuters.com   time to read: +13 min
"This budget, therefore, has rewritten the rules for financilisation of savings in India, which will induce expenditures rather incentivise savings. LAKSHMI IYER, CEO-INVESTMENT ADVISORY, KOTAK INVESTMENT ADVISORS LTD"India budget 2023 has offered a multi-dimensional view. The 3 Cs which stand out are - Capex increase - consumption boost - capital gains tax status quo. Additionally, the budget has provided significant direct tax benefits to individuals which will help increase disposable income and support spending. The budget keeps in mind the needs of future India while focusing on Artificial Intelligence and machine learning.
☆ 78% of voters in Republican Rep. George Santos' district want him to resign: poll
  + stars: | 2023-01-31 | by ( Brent D. Griffiths | ) www.businessinsider.com   time to read: +4 min
An overwhelming number of Rep. George Santos' own constituents want the Republican to resign. According to a new poll, 78% of voters in Santos' district want him to step down. According to a newly released Newsday/Siena College Poll, 78% of voters in Santos' district who responded to the survey want him to step down. The view was broadly supported by 71% of Republican respondents, 72% of independents, and 89% of Democrats. The poll comes after fellow New York House Republicans and some influential conservatives in the state previously called on Santos to resign.
☆ Goldman Sachs names tech stocks with a 'strong runway' for growth — giving one upside of nearly 70%
  + stars: | 2023-01-30 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +3 min
One corner of tech, software, might be seeing "limited appetite" from the market, according to Goldman Sachs. Goldman analysts forecast in a Jan. 23 note that the earnings per share (EPS) growth of software stocks may outpace the broader S & P 500 index this year. It gave Datadog a "buy" rating and a price target of $128, or an upside of nearly 70%. Software stocks were an investor favorite during the pandemic, but their popularity waned as economies reopened. Nevertheless, the tech sub-sector remains a key part of several long-term secular trends, such as cloud computing and artificial intelligence.
☆ U.S. inflation roller coaster prompts fresh look at long-ignored money supply
  + stars: | 2023-01-26 | by ( Michael S. Derby | ) www.reuters.com   time to read: +4 min
The recent decline in the money supply comes as the Fed has been aggressively raising rates to push inflation back to its 2% target. That dynamic changed in the last two years, though, with money supply trends moving in roughly the same direction as inflation pressures: As money supply rose rapidly into early 2022, so did inflation; since M2 started a persistent decline last summer, inflation pressures have also receded. To be sure, measuring money supply is complicated, with no one way to do it. Bullard, acknowledging the cooling off of money supply, said this downshift in money "bodes well for disinflation," which means the Fed is likely to face an enduring trend of lower price pressures. Economists, meanwhile, are still taking on board whether money supply is something they need to pay greater mind to as they contemplate monetary policy and inflation.
☆ Oil prices fall but remain buoyed by China outlook
  + stars: | 2023-01-23 | by ( Sonali Paul | ) www.reuters.com   time to read: +2 min
MELBOURNE, Jan 23 (Reuters) - Oil prices drifted lower in early trade on Monday, thinned by the Lunar New Year holiday in east Asia, but held on to most of last week's gains on the prospect of an economic recovery in top oil importer China this year. The jump in China's traffic ahead of the Lunar New Year holiday bodes well for fuel demand after the two-week vacation. "The expected surge in demand comes as the market braces for further sanctions on Russian oil," ANZ analysts said. The European Union and Group of Seven (G7) coalition will cap prices of Russian refined products starting on Feb. 5, in addition to their price cap on Russian crude in place since December and an EU embargo on imports of Russian crude by sea. The G7 has agreed to delay a review of the level of the price cap on Russian oil to March, a month later than originally planned, to give time to assess the impact of the oil products price caps.
☆ Yen perched near 7-month high as BOJ decision looms
  + stars: | 2023-01-17 | by ( ) www.cnbc.com   time to read: +3 min
A bundle of Japanese 10,000 yen banknotes on a tray arranged at a branch of Resona Bank Ltd. in Tokyo, Japan. The dollar drifted up from multi-month lows on Tuesday, while the yen was perched near seven-month highs as investors held their breath for a potential policy shift at the Bank of Japan. The yen rose 3% against the dollar last week, and one-week implied volatility for dollar/yen is at its highest since March 2020. "The yen would explode higher, Japanese government bond yields would explode higher and global yields would go higher," he said. The New Zealand dollar held at $0.6394.
☆ Why one fast-casual restaurant is a Wall Street favorite, even with a recession looming
  + stars: | 2023-01-13 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +6 min
One fast-casual restaurant chain has remained a favorite on Wall Street even as the U.S. grapples with a potential looming recession. Over the past 15 months, the burrito chain has introduced three rounds of price increases that boosted the cost of its products 13% from a year earlier. In addition, many Wall Street analysts are forecasting a mild recession, which is better for fast-casual restaurants as the hope is consumers won't have to pull back very much or for very long. Potential for growth Another reason that Wall Street likes Chipotle is that it has solid potential for growth in the coming months and years, according to Zackfia. Overall, however, Wall Street sees fast-casual restaurants holding up to economic weakness.
☆ UnitedHealth Group Q4 Beats
  + stars: | 2023-01-13 | 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 EmailUnitedHealth Group Q4 BeatsBertha Coombs breaks down fourth quarter results for UnitedHealth Group. Despite a surge in flu and Covid during the quarter, medical costs were in line, which bodes well for health insurers.
☆ JPMorgan upgrades Cinemark, says now is the time to buy after a recent sell-off and 'Avatar' success
  + stars: | 2023-01-12 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +3 min
A sell-off in Cinemark coupled with the success of the latest installment in the "Avatar" franchise makes now a great time for investors to snap up the stock, according to JPMorgan. JPMorgan upgraded Cinemark to overweight from neutral and kept its $15 price target, which implies a more than 57% upside from where the stock currently trades. JPMorgan also now has a greater degree of confidence in their 2023 North America box office forecast and sees a continued recovery in movie supply. More stability in this industry model should help benefit Cinemark and push its multiple back towards pre-pandemic levels, according to JPMorgan. Of course, there are still some risks on the horizon that could lead to near-term pressure on the shares, such as was seen with the recent sell-off.
☆ Asian stocks enter bull market as investors bet on China
  + stars: | 2023-01-10 | by ( Anna Cooban | ) edition.cnn.com   time to read: +2 min
London CNN —Stocks in Asia are starting 2023 in a bull market. The rally has been driven by a rebound in investor sentiment towards Chinese stocks. The MSCI China index rose 2.4% on Tuesday to stand 50% above its low on October 31. Nasdaq’s Golden Dragon China index — which tracks Chinese companies listed in the United States — rose 0.72% on Monday, putting it 71.3% above where it was trading in late October. Investors have snapped up Chinese stocks as the country rapidly unwound its strict zero-Covid policy.
☆ Column: China's power sector emissions set to jump as economy reboots
  + stars: | 2023-01-10 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com   time to read: +5 min
LITTLETON, Colo., Jan 9 (Reuters) - Pollution levels from China's mammoth power sector are set to climb to new highs in 2023 as Beijing's efforts to spur growth across the economy result in increased burning of fossil fuels. The energy sector accounts for roughly 90% of emissions in the country, the world's top polluter, according to the International Energy Agency (IEA). SOFT PATCHThe 1.6% rise in China's power sector emissions through November was the smallest increase during that period on record aside from 2020, when China first tackled COVID outbreaks, Ember data shows. China power sector emissionsA more than 10% rise in electricity generated from clean sources such as solar and wind - compared with a 1.5% rise in fossil fuel electricity generation - helped curb overall power sector emissions, according to the Ember data. Diminished energy demand from shuttered factories and several key industries also capped overall power sector pollution, with China's industrial output through most of 2022 holding at suppressed levels.
☆ Eli Lilly has spent years and billions of dollars in search of an effective Alzheimer's drug. But success is not all or nothing for the stock
  + stars: | 2023-01-09 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +22 min
Eli Lilly (LLY) has spent decades researching Alzheimer's disease without successfully bringing to market a treatment that slows the memory-destroying condition. For Eli Lilly as a company, an Alzheimer's drug is an important pursuit. Lilly's Alzheimer's history Eli Lilly's "first real foray" into Alzheimer's came in the 1990s, according to Dr. John Sims, Eli Lilly's head of medical development for donanemab. Financial implications for Lilly LLY mountain 2021-10-08 The Club started a new position in Eli Lilly (LLY) in October 2021. The Eli Lilly logo is shown on one of the company's offices in San Diego, California, September 17, 2020.
☆ It's official: Remote work is going to make it easier to buy a home
  + stars: | 2023-01-04 | by ( James Rodriguez | ) www.businessinsider.com   time to read: +12 min
Remote work pushed housing trends into warp speedIn some ways, the pandemic's housing shifts were a long time coming. The shift to remote work also hastened many people's desire for more space. Across the country, remote workers chose to part ways with roommates or seek out larger homes. Elon Musk asserted his authority at Twitter by putting an end to remote work. On the other hand, as my colleague Aki Ito previously argued, a recession could further ingrain remote work as employers look to cut spending on real estate.
☆ After a Bumpy Year, Renewable Energy Looks Poised for Boom Times
  + stars: | 2022-12-29 | by ( Dieter Holger | ) www.wsj.com   time to read: +9 min
The future has never been brighter for renewable energy, as some of the snags that kept wind and solar production from going full throttle this year seem poised to ease. What is more, by early 2025, the IEA said it expects renewable energy to be the largest source of electricity in the global power mix, surpassing coal. Driving the IEA’s rosier outlook: First is the global energy crisis caused by Russia’s invasion of Ukraine that led European nations to try to build more renewable energy capacity within their borders to improve their energy security and replace Russian fuel imports. But the climate-and-spending bill’s support for growth of the solar industry should reverse the recent spikes in PPA costs, he said. GridsLong waits for permits and permissions to build new grid infrastructure remain a challenge to getting more renewable energy.
☆ From the digital ad crash to Elon Musk buying Twitter — these were the ad industry's 5 biggest shocks of 2022, and what it means for 2023
  + stars: | 2022-12-29 | by ( Ryan Joe | Lara O'Reilly | ) www.businessinsider.com   time to read: +7 min
The ad industry is crossing its fingers that Twitter is a safe place to advertise. 2022 was a volatile year for the advertising industry. DeGroote believes the 2023 ad market growth forecasts from major ad buyers like GroupM (5.9% growth), and Magna (5% growth to $822 billion) are too optimistic. Meta, has also seen its ad revenue decline, and has dumped $4 billion so far into building a so-called Metaverse, which hasn't driven any revenue yet. Elon Musk acquires TwitterMusk's acquisition of Twitter — and subsequent decimation of its employee ranks, including its revenue-driving advertising operations — shook the ad industry.
☆ Japan Nov factory output falls on weakening global demand
  + stars: | 2022-12-28 | by ( Kantaro Komiya | ) www.reuters.com   time to read: +3 min
"The impacts of overseas rate hikes, slower growth and weak capital expenditure demand are gradually reaching Japan," said Masato Koike, economist at Sompo Institute Plus. "Production inevitably remains weak for October-December and highly likely stalls furthermore as the global economy hasn't hit its worst." That marked the third monthly decrease in Japanese production and followed a revised 3.2% fall in October and 1.7% contraction in September. Output of general machinery slipped 7.9%, while that of production machinery decreased 5.7%, driving down the overall index in November. METI cut its assessment of industrial output for a second straight month, saying "production is weakening".
☆ Michael Farr: These are 2023's top stock picks for what could be a rocky year
  + stars: | 2022-12-27 | by ( Michael K. Farr | ) www.cnbc.com   time to read: +17 min
Regarding the cloud, AMZN's Web Services business is the market leader in cloud infrastructure services. Moreover, the scale of AMZN's web services business provides many cost advantages as very few companies can compete with AMZN's investment spend and first-mover advantage. Over the long term, we would expect MDLZ to generate double-digit total returns, consisting of high-single digit EPS growth and the 2.3% dividend. There is a long runway remaining for cloud growth as companies slowly deal with legacy investments that still drive value but are not cloud-based. Management remains committed to its goal of high single-digit EPS growth in 2023, followed by sustained double-digit growth in 2024 and beyond.
☆ There's at least one big name investor who won't be fighting the Fed next year.
  + stars: | 2022-12-23 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
As if this year didn't bring us enough bad news in the market, there's a steady chance 2023 brings more of the same. But Saint Nick's absence isn't the elephant in the room for markets — it's the Fed. Billionaire hedge fund manager David Tepper said he's "leaning short" on the stock market as the calendar changes. In a bid to squash decades-high inflation, this year the Fed has embarked on a historic interest rate-hiking campaign. "What the forwards in the Fed Funds futures are telling us is that it's increasing the probability that there's going to be a recession at some point," Caron said in a Bloomberg interview.
☆ Jim Cramer's Investing Club meeting Thursday: Estee Lauder, NFL-YouTube deal, Beer buy
  + stars: | 2022-12-22 | by ( Krystal Hur | ) www.cnbc.com   time to read: +2 min
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. While shares of EL were down to around $241 each mid-morning on Thursday, Jim Cramer thinks they could slip further by the close. 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.
☆ Survey shows a Costco membership fee hike would face little resistance — we think so, too
  + stars: | 2022-12-21 | by ( Paulina Likos | ) www.cnbc.com   time to read: +7 min
Most American shoppers say they are willing to pay more for their retail club memberships — a sentiment that bodes well for Investing Club holding Costco (COST). As a result of the survey findings, Evercore favors Costco for a planned fee increase and the potential for a special dividend sometime next year. Costco's last membership price hike was in June 2017, when the wholesale retailer increased its standard membership fee from $55 to $60 and its Executive membership from $110 to $120. Historically, Costco has increased its membership fee every five years, an anniversary that passed a few months ago. Another potential catalyst for Costco stock is the company's likely decision to issue a special dividend, which Evercore thinks could happen in 2023.
☆ 2023 should be a brighter year for the traditional 60/40 portfolio
  + stars: | 2022-12-21 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +7 min
Investors who stuck to the traditional portfolio breakdown of 60% allocated to stocks and 40% allocated to bonds were hit hard this year as both asset classes shed value. Bonds also lost value for investors this year, going against the traditional correlation where they act as a hedge to stock market volatility. Still, most analysts don't expect the year to yield a worse performance than 2022 for the standard 60/40 portfolio. That bodes well for investors who still have a traditional portfolio balance. And even though the traditional 60/40 portfolio had a dismal 2022, investors shouldn't write it off.
☆ Stocks making the biggest moves midday: Rite Aid, Nike, Six Flags and more
  + stars: | 2022-12-21 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +2 min
Rite Aid — Shares of Rite Aid dropped nearly 14% in midday trading after the pharmacy operator reported a quarterly loss, though a smaller-than-expected one, and lowered its full-year financial guidance citing seasonal markdowns among other issues. Nike — Nike shares jumped more than 13% after the company easily topped earnings and revenue estimates for its most recent quarter. The company also beat earnings expectations, but profits fell from the same period last year. Revenue beat estimates but the performance of its cyber business fell short of StreetAccount estimates, coming in at $106 million versus estimates of $111.8 million. Carnival — Shares jumped more than 4% after Carnival posted a smaller-than-expected loss in its latest quarter, though revenue was worse than expected.
☆ Investors won't see big returns on stocks 2023 if a Santa rally doesn't happen before the new year.
  + stars: | 2022-12-21 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +5 min
The S&P 500 is down about 19% on the year, and those losses could spill over into the new year if stocks don't see the usual holiday rally. But if the S&P 500 misses that final rally, that bodes poorly for rebound odds in 2023. The lack of a holiday rally so far suggests that more rocky markets await when the calendars change. Recall that while the S&P 500 tumbled 37% in 2008, it rebounded 26% in 2009. What's your stock market outlook for 2023?
☆ Jim Cramer's Investing Club meeting Monday: Industrials, buying tech, Eli Lilly
  + stars: | 2022-12-19 | by ( Krystal Hur | ) 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. Still bullish on Eli Lilly The Food and Drug Administration (FDA) added Eli Lilly 's (LLY) new type-2 diabetes drug Mounjaro to its list of drugs in short supply , highlighting strong demand for the medication. 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.
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