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☆ Cramer's week ahead: Pay attention to the Federal Reserve's meeting
▼ + stars: | 2023-09-15 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday gave investors tips for what to focus on during the coming week, highlighting the Federal Reserve's Wednesday decision on interest rate hikes for the rest of the year. Grocery-delivery company Instacart may also release initial public offering pricing Monday night, Cramer said, and Tuesday will bring an earnings report from AutoZone. "When there's a Fed meeting coming up in less than a week and nobody seems worried about it, maybe you want to brace yourself for a little turbulence," he said. On Thursday, Cramer will be looking at Olive Garden owner Darden 's earnings report, which may provide some clarity on whether consumers are spending money dining out. And Friday will mark a week since the United Auto Workers union went on strike against the country's primary automakers.

Persons: CNBC's Jim Cramer, We've, there's, Jay Powell, Cramer, Jerome Powell, I'm, Powell, General Mills, Darden, Shawn Fain Organizations: Disney, ESPN, ABC, Nexstar, AutoZone, FedEx, KB, Fed, Olive Garden, United Auto Workers Locations: Orlando , Florida, General

☆ Czech banks hit as central bank ceases paying interest on reserves
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +3 min

The Czech National Bank (CNB) decided on Thursday to cancel paying interest on banks' mandatory minimum reserves from Oct. 5, a move to reduce the costs of implementing monetary policy. The decision follows a similar move by the European Central Bank in July. Komercni Banka said its stipulated amount of required minimum reserves for the current maintenance period stood at approximately 19.6 billion Czech crowns ($861.12 million). Banks have been required to keep a portion of liabilities at the central bank as reserves. Mandatory minimum reserves are not used as a monetary policy instrument but can act as a liquidity buffer to ensure the smooth flow of interbank payments, the central bank said.

Persons: Dado Ruvic, Komercni Banka, MONETA, Banks, Jason Hovet, Jan Lopatka, Andrew Cawthorne Organizations: REUTERS, Rights, Money Bank, Prague Stock Exchange, Czech National Bank, European Central Bank, Analysts, Komercni, KB, Thomson Locations: Komercni Banka, Komercni, BKOM.PR, Czech, Prague

CNN —Zimbabwe’s incumbent President Emmerson Mnangagwa was declared the winner in the country’s presidential elections on Saturday after securing an absolute majority in a tense presidential contest that was marred by delays. “The Zimbabwe Electoral Commission has announced the 2023 presidential election results. Nelson Chamisa, leader of Zimbabwe's main opposition party, the Citizens Coalition for Change (CCC). In that election, in 2018, Mnangagwa won 51% of the total ballots, while Chamisa took 44%. However, Mnangagwa was sworn in after Zimbabwe’s constitutional court upheld his victory.

Persons: CNN —, Emmerson Mnangagwa, Nelson Chamisa, It’s, Zimbabwe's, ”, Robert Mugabe, “, Mugabe, Chamisa, Mnangagwa, I’m, Eldred Masunungure, Chris Mutsvangwa Organizations: CNN, Zimbabwe Electoral Commission, Citizens Coalition, Zanu, KB, Reuters, Amnesty, Zimbabwe NGO Forum, University of Zimbabwe Locations: Zimbabwe, Britain, Chamisa, Harare, wallop

☆ U.S. home builder confidence falls for the first time in 2023
▼ + stars: | 2023-08-15 | by ( Safiyah Riddle | ) www.reuters.com time to read: +2 min

REUTERS/Mike Blake/File PhotoAug 15 (Reuters) - U.S. home builder confidence weakened in August for the first time this year, according to a report released Tuesday, as record-breaking mortgage rates and still-high housing prices discouraged prospective buyers. The National Association of Home Builders/Wells Fargo Housing Market Index retreated to 50 in August from a 13-month peak of 56 in July. Builder confidence was largely undermined by a drop in prospective buyer traffic, which fell to 34 in Augustfrom a year-long high of 40 in July. Economists polled by Reuters expected builder confidence to remain unchanged at 56. Many current home owners are locked into low mortgage rates, and have been reluctant to put existing homes on the market amidst expensive financing options.

Persons: Mike Blake, ”, Robert Dietz, Safiyah Riddle, Chizu Organizations: KB, REUTERS, National Association of Home Builders, Market, Reuters, Federal, U.S, Thomson Locations: Valley Center , California, U.S, Wells Fargo

☆ Here are Friday's biggest analyst calls: Apple, Nvidia, AT&T, Tesla, Disney, Amazon, Microsoft & more
▼ + stars: | 2023-07-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

JPMorgan downgrades AT & T to neutral from overweight JPMorgan downgraded the telecommunications due to "slowing growth drivers." Wells Fargo downgrades Progressive to equal weight from overweight Wells said it has concerns about the insurance company gaining share. UBS upgrades Microsoft to buy from neutral UBS said in its upgrade of the stock that shares are too attractive to ignore. Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating after the company's Prime Day. JPMorgan reiterates Apple as overweight JPMorgan said recent checks show that Apple has "strong market share" in a variety of markets.

Persons: LOE, Wells, it's, Tesla, Morgan Stanley, Goldman Sachs, Goldman, Raymond James, Robert Iger, Mills, Argus Organizations: HSBC, Pfizer, ADC, JPMorgan downgrades, Verizon, Mobile, Consumer, JPMorgan, Alcoa, UBS, Microsoft, Citi, Applied Materials Citi, Bank of America, Texas Roadhouse Citi, Texas, Barclays, Apple, Sands, Macau, Northland, Nvidia, Pulte, KB, Disney, CNBC, DIS, Argus, TNT, Tidewater Locations: Wells Fargo, China, Northland

☆ Exclusive: South Korea asks banks to prepare $4 bln to support credit union - sources
▼ + stars: | 2023-07-10 | by ( Seunggyu Lim | ) www.reuters.com time to read: +3 min

An official at the Financial Services Commission confirmed that banks had been asked to prepare liquidity through repurchase-agreement facilities to aid MG Community Credit Cooperatives, but did not comment on the amount. Depositors were lining up last week to withdraw funds from a branch of MG Community Credit Cooperatives after local media reported a rise in non-performing loans tied to real estate projects. Woori Bank, Hana Bank, Shinhan Bank, KB Kookmin Bank and NongHyup Bank had been asked to make financing available to MG Community Credit, although the actual amount extended to the credit union would depend on deposit withdrawals, the sources said. The sources added that each of the banks was asked to prepare 1 trillion won of financing, or 5 trillion won in total ($3.84 billion), as potential support. MG Community and the five banks did not immediately respond to requests for comment.

Persons: Kim Jin, 1,302.7800, Seunggyu Lim, Jihoon Lee, Ed Davies, Edmund Klamann Organizations: Financial Services Commission, Community Credit Cooperatives, MG Community Credit Cooperatives, Woori Bank, Hana Bank, Shinhan Bank, KB Kookmin Bank, NongHyup Bank, MG Community Credit, MG Community, Community, Interior Ministry, Bank of, Ministry of Finance, Citi, Jungdo, Thomson Locations: SEOUL, Namyangju, Seoul, Bank of Korea, Gangwon

☆ Stocks making the biggest premarket moves: Tesla, Darden Restaurants, Anheuser-Busch, Alcoa & more
▼ + stars: | 2023-06-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Darden Restaurants — The company behind Olive Garden and other restaurant chains slid nearly 4% in the premarket. Darden beat expectations of analysts polled by Refinitiv for earnings in the fiscal fourth quarter, while revenue came in line with expectations. Meanwhile, Darden's revenue guidance was higher than Wall Street forecasted. The Wall Street firm said the stock is pricing in only downside risk without the expectation for recovery. Alcoa — Shares of the aluminum company slumped 3.5% in premarket trading after Morgan Stanley downgraded Alcoa to underweight from equal weight.

Persons: Morgan Stanley, Darden, Refinitiv, FactSet, Eugene Lee, Overstock.com, discounter, Overstock, Mauricio Gutierrez, Bud Light, influencer Dylan Mulvaney, Aerosystems, —, Samantha Subin, Jesse Pound, Alex Harring Organizations: Tesla, Darden, Olive, Wall, Bed, NRG Energy, Journal, Elliott Investment Management, Anheuser, Busch Inbev, Deutsche Bank, Alcoa —, Alcoa, Refinitiv, Revenue, Boeing Locations: Austin , Texas, Kansas

☆ Three-Stock Lunch: KBH, BUD & EXPE
▼ + stars: | 2023-06-22 | 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 EmailThree-Stock Lunch: KBH, BUD & EXPEDavid Trainer, New Constructs CEO, joins 'Power Lunch' to discuss three stocks: KB Home, Anheuser-Busch and Expedia.

Persons: EXPE David Trainer Organizations: Anheuser, Busch, Expedia

☆ Watch CNBC’s full interview with UBS' John Lovallo
▼ + stars: | 2023-06-22 | 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 UBS' John LovalloUBS Homebuilders & Building Products Analyst John Lovallo joins 'Power Lunch' to discuss UBS raising its price target on KB Home to $65 from $48 and the state of home builders.

Persons: John Lovallo Organizations: UBS, John Lovallo UBS Homebuilders, Building

☆ It's a great time to be a public homebuilder, says UBS' John Lovallo
▼ + stars: | 2023-06-22 | 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 EmailIt's a great time to be a public homebuilder, says UBS' John LovalloUBS Homebuilders & Building Products Analyst John Lovallo joins 'Power Lunch' to discuss UBS raising its price target on KB Home to $65 from $48 and the state of home builders.

Persons: John Lovallo Organizations: UBS, John Lovallo UBS Homebuilders, Building

☆ Morgan Stanley expects the stock market to plunge. Others aren't so sure.
▼ + stars: | 2023-06-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

An American flag hangs behind traders working on the floor of the New York Stock Exchange (NYSE) on October 11, 2019 in New York City. Morgan Stanley, for example, has adopted a downbeat view for the months ahead. Falling prices, Morgan Stanley explained, can cut into revenue growth and weigh on earnings. "This should begin to hit asset prices by the end of this month and carry into the fall," Morgan Stanley strategists said. To Stockton, the S&P 500 could soon trade as high as 4,510, or about 3% higher than current levels.

Persons: I'm Phil Rosen, Jerome Powell, Drew Angerer, Morgan Stanley, Mike Wilson, Katie Stockton, Stockton, Morgan Stanley's bearishness, Rick Bowmer, Tom Lee, Phil Rosen, Jason Ma, Hallam Bullock Organizations: Capitol, Financial Services, Committee, Fed, New York Stock Exchange, NYSE, Advance, Bank of England, Patterson Companies, Winnebago Industries, Bloomberg, Manheim Locations: American, New York City, Stockton, Salt Lake City, London, China, Europe, New York, Los Angeles

☆ Low U.S. housing inventory is opportunity for home builders to gain market share: KBW's Jade Rahmani
▼ + stars: | 2023-06-21 | 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 EmailLow U.S. housing inventory is opportunity for home builders to gain market share: KBW's Jade RahmaniJade Rahmani, KBW Managing Director, joins 'Closing Bell Overtime' to discuss KB Home's earnings, the U.S. housing market, and the home builders sector.

Persons: Jade, Jade Rahmani Organizations: KBW Locations: U.S

☆ Stock futures are little changed Tuesday night as market rally falters: Live updates
▼ + stars: | 2023-06-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

U.S. stock futures were near flat on Tuesday evening as investors took a breather from last week's market rally. S&P 500 futures inched down by 0.06% and Nasdaq 100 futures lost 0.03%. The S&P 500 slid 0.47%, and the Nasdaq Composite lost 0.16%. Stocks are overbought and in need of a catalyst, according to Quincy Krosby, chief global strategist for LPL Financial. Indeed, last week the S&P 500 hit its highest level since April 2022 and posted its fifth consecutive positive week.

Persons: Quincy Krosby, Jerome Powell, Powell, Krosby, Winnebago Organizations: New York Stock Exchange, Dow Jones, Nasdaq, FedEx, Dow, LPL, U.S, Home, Financial Locations: New York City . U.S, Quincy

☆ Options Action: Traders feeling bullish on KB Home
▼ + stars: | 2023-06-20 | 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 EmailOptions Action: Traders feeling bullish on KB HomeMike Khouw, Optimize Advisors president, joins CNBC’s Melissa Lee and the Options Action traders to talk KB Home.

Persons: Mike Khouw, Melissa Lee Organizations: Options

☆ Street looks to extend rally into a holiday-shortened week that is light on data
▼ + stars: | 2023-06-17 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Also on tap are several speaking engagements for Federal Reserve members, including Chair Jerome Powell on Wednesday and Thursday in his semiannual monetary policy report to Congress. ET: St. Louis Fed president Jim Bullard speaks 8:30 a.m. ET: Federal Reserve Chairman Jerome Powell speaks 12:25 am. ET: Federal Reserve Chairman Jerome Powell speaks 10:00 a.m. Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023.

Persons: Jerome Powell, Louis, Jim Bullard, John Williams, Austan Goolsbee, Loretta Mester, Tom Barkin, Friday's, Jim Cramer's, Jim Cramer, Jim, Mandel Ngan Organizations: Federal Reserve, Darden, FedEx, Louis Fed, Housing, NY Fed, Federal, Chicago Fed, Patterson Companies, Winnebago Industries, Algoma Steel, Cleveland Fed, Richmond Fed, Commercial Metals, U.S, Treasury, Jim Cramer's Charitable, CNBC, AFP, Getty Locations: United States, Olive, Washington ,

☆ Wait for a price break next week while the market's overbought, Jim Cramer says
▼ + stars: | 2023-06-16 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday provided his game plan for the week ahead, encouraging investors to cool their heels while the market is so overbought. "I think it's going to be worth your while to wait for a price break before you pull the trigger," Cramer said. While the market is closed on Monday for Juneteenth, Cramer will be looking at Raytheon's performance at the Paris air show. On Thursday, Cramer will be focused on Olive Garden parent Darden 's earnings report, as well as investor meetings from software companies Samsara and MongoDB . Cramer thinks CarMax 's Friday earnings report will show that used car prices are coming down, which he said is a good sign for the company.

Persons: CNBC's Jim Cramer, Cramer, Juneteenth, He's, Raj Subramaniam, Darden, CarMax, I'm Organizations: FedEx, Olive Garden Locations: Paris

☆ Wall Street prepares for more gains this month after past week's breakout
▼ + stars: | 2023-06-16 | by ( Scott Schnipper | ) www.cnbc.com time to read: +6 min

For now, it's not a brighter economic picture or an exuberant earnings outlook pushing stocks higher. Another reason that some investors have come back to stocks is simply because the S & P 500 ended the week more than 23% above last October's low. "The next level of resistance is above 4,500 on the S & P. Historically, the market gains 14.5% on average between the 20% threshold level and the next decline of 5% or more. "Inflation peaked in June of last year and has been rapidly declining over the past 12 months. Trading the week after is often treacherous, Hirsch said, with the Dow Jones Industrials falling in 27 of the past 33 years and the S & P 500 down in 23 of 33 years.

Persons: it's, Sam Stovall, Clinton, Wells Fargo, Chris Harvey, Harvey, Jay Hatfield, Price, CarMax, Stovall, Jeffrey Hirsch, Hirsch, Dow Jones Industrials, York Fed's John Williams, Jerome Powell, Philip Jefferson, Lisa Cook, Adriana Kugler, Avid Bioservices, Patterson Cos, Christopher Waller, Michael Bloom, Fred Imbert, Alex Harring Organizations: Fed, CFRA, Microsoft, Infrastructure Capital Management, Consumer, PPI, FedEx, Darden, Dow, Housing, Financial, Enerpac, Avid, Banking, Accenture, Commercial Metals, P, PMI Locations: New York, York, Dublin

The outlook was little changed for Britain and in India where prices have kept rising. Adam Challis, executive director of research and strategy for EMEA at JLL, said strong wage gains over the past year had kept many housing markets resilient despite significantly higher borrowing costs. Peak-to-trough falls for nearly all housing markets surveyed were downgraded from the March poll. British and U.S. house prices were expected to fall around 3% and Australia's to be flat for the full year 2023. Average house prices are expected to rise about 6% in India.

Persons: Mike Blake, Goldman Sachs, Adam Challis, hasn't, Hari Kishan, Prerana Bhat, Jonathan Cable, Anant Chandak, Sarupya Ganguly, Indradip Ghosh, Vivek Mishra, Milounee, Susobhan Sarkar, Devayani, Vijayalakshmi Srinivasan, Ed Osmond Organizations: KB, REUTERS, EMEA, Thomson Locations: Valley Center , California, U.S, BENGALURU, Canada, Germany, Australia, New Zealand, Britain, India, JLL

☆ A number of outperforming stocks have bucked macro trends, Jim Cramer says
▼ + stars: | 2023-05-08 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Investors should be wary of bearish strategists who opt for a macro view and instead focus on individual companies, CNBC's Jim Cramer said Monday. In a market where idiosyncratic performers are plentiful, following one-size-fits-all macro advice can leave investors confused, Cramer says. Cramer pointed to outsize performers in myriad industries that would have been written off by those same bearish strategists. Investors might expect that industrial and homebuilding stocks would be suffering given the continued rate hikes, Cramer said. But industrial names like General Electric or Cummins have done extremely well, as have housing stalwarts like KB Home and Lennar , Cramer said.

☆ How much money do you need to buy a home in 2023?
▼ + stars: | 2023-05-04 | by ( Ana Connery | ) edition.cnn.com time to read: +9 min

Whether you’re looking to buy your first home or upgrade the one you already have, homebuyers often wonder how much money they really need to buy a home. And these days, the answer is ever more complicated thanks to the high interest rates and inflation. Refinance it with a balance transfer cardToday’s average homebuyerWe may see interest rates fall once rent comes down. The main culprits that everyone points to are inflation and interest rates, but many experts think interest rates have peaked. Home inventory is still low in some areasDespite high interest rates, you might still see multiple offers on one home.

☆ The housing market is showing signs of a rebound as cancellations for homes under construction drop to levels last seen during the pandemic buying boom
▼ + stars: | 2023-05-03 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

The rate of cancellations has dropped nearly to what was seen during the peak of the pandemic housing boom. A March survey by John Burns Research and Consulting found that builders reported an aggregate cancellation rate of 9% for purchases of new homes under construction. KB Home, for example, said its cancellation rate for the first three months of 2023 stood at 36%, down from 68% the quarter prior. "As we entered the spring selling season during the quarter, we began to see an increase in [housing] demand," Jeffrey Mezger, chief executive of KB Home said in March. "This reflected in part the targeted sales strategies we deployed, together with a stabilizing mortgage interest rate environment.

☆ Big Tech earnings are on deck this week. Why that matters
▼ + stars: | 2023-04-23 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —With Microsoft, Alphabet, Amazon and Meta Platforms all slated to report earnings this coming week, investors are turning their attention away from bank earnings to Big Tech. Another major theme for tech earnings is the race toward artificial intelligence. Earnings reports from Meta Platforms (META), Boeing (BA) and ServiceNow (NOW). Earnings reports from Amazon (AMZN), MasterCard (MA), T-Mobile (TMUS), Keurig Dr Pepper (KDP) and Capital One (COF). Earnings reports from Exxon Mobil (XOM), Chevron (CVX), Colgate-Palmolive (CL) and New York Community Bancorp (NYCB).

☆ Jim Cramer's top 10 things to watch in the stock market Friday: Bank mess, stocks slide, Activision deal
▼ + stars: | 2023-03-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Investors have been selling bank stocks overseas and in the U.S. off-and-on for two weeks since the failure of Silicon Valley Bank in California and later Signature Bank in New York. Any further limitation of TikTok in the U.S. would benefit Facebook-parent and Club stock Meta Platforms (META). 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Three-Stock Lunch: Coinbase, Chewy & KB Home
▼ + stars: | 2023-03-23 | 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 EmailThree-Stock Lunch: Coinbase, Chewy & KB HomeCourtney Garcia, Payne Capital Market senior wealth advisor, joins ‘Power Lunch’ to discuss her investing take on three stocks: Coinbase, Chewy & KB Home.

☆ Stocks making the biggest moves midday: Netflix, Block, Snap, KB Home and more
▼ + stars: | 2023-03-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday:Netflix — The streaming giant's stock climbed 8.5% following a report from YipitData that said the company's gross additions in Canada have improved. Block — Shares plunged 14% after short seller Hindenburg Research announced its latest position in the stock. The firm alleges that Block facilitates fraud and described the company's internal systems as a "Wild West" approach to compliance. Meta Platforms , Snap — The social media stocks moved higher as TikTok CEO Shou Zi Chew testified before the House Energy and Commerce Committee. KB Home — Shares rallied 8.8% after the homebuilder's fiscal first-quarter earnings beat expectations.

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