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REUTERS/Charles PlatiauCHICAGO/DETROIT, Jan 31 (Reuters) - The companies that produce goods at the heart of the U.S. consumer economy - SUVs, washing machines, heavy equipment and hamburgers - kept rolling along at the end of 2022. Bellwethers including McDonald's (MCD.N), General Motors, Exxon Mobil (XOM.N), appliance maker Whirlpool (WHR.N) and delivery giant United Parcel Service (UPS.N), posted results that exceeded estimates. That's a good sign for the broader economy, according to Lori Calvasina, equity analyst at RBC Capital Markets. The economy's performance may depend on whether price pressures that have afflicted consumer and business spending start to wane. "As we go into 2023, there is going to continue to be inflation," said Christopher Kempczinski, McDonald's CEO, on the company's earnings call Tuesday.

☆ Company outlooks so far paint a dreary 2023 earnings picture, BofA says
▼ + stars: | 2023-01-23 | by ( Scott Schnipper | ) www.cnbc.com time to read: +2 min

The early 2023 corporate earnings outlooks that companies are issuing alongside actual fourth-quarter results are deteriorating, Bank of America equity and quantitative strategist Savita Subramanian wrote in a report Sunday. As a result, S & P 500 earnings estimates for 2023 have already fallen 1% — but are 10% down from where they were at the peak in June 2022. "Early signs are troubling," with an in-house "S & P guidance ratio" falling into the 10th percentile, signaling that "corporate misery [is] rising." What's worse, analysts' estimates had already fallen 7% coming into the reporting period, Subramanian said. She noted the same disconcerting early earnings trend, headlining a report out on Monday with, "EPS Backdrop Continues To Soften."

☆ 2023 earnings downgrades are at fastest pace since 2010: RBC’s Lori Calvasina
▼ + stars: | 2023-01-23 | 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 Email2023 earnings downgrades are at fastest pace since 2010: RBC’s Lori CalvasinaLori Calvasina, RBC Capital Markets, joins CNBC"s "Fast Money" to discuss the state of markets and the recent rally.

☆ Watch CNBC's full discussion with RBC's Lori Calvasina and Barclays' Venu Krishna
▼ + stars: | 2023-01-10 | 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 discussion with RBC's Lori Calvasina and Barclays' Venu KrishnaLori Calvasina, RBC Capital Markets, and Venu Krishna, Barclays Investment Bank, join CNBC's 'Squawk on the Street' to discuss where they see the markets headed this year.

☆ S&P 500 will see flat 2023, forecasts RBC Capital Market's Lori Calvasina
▼ + stars: | 2022-12-19 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailS&P 500 will see flat 2023, forecasts RBC Capital Market's Lori CalvasinaRBC Capital Markets' Lori Calvasina on where markets are headed into the new year. With CNBC's Melissa Lee and the Fast Money traders, Chris Verrone, Karen Finerman, Steve Grasso and Julie Biel.

☆ Stocks are likely to get smacked down in the first half of 2023 before markets improve
▼ + stars: | 2022-12-05 | by ( Patti Domm | In | ) www.cnbc.com time to read: +5 min

The outlook for next year is a bit better for stocks, but the first half sounds like it could be downright ugly. The strategist expects lows to be retested due to what could be a significant decline in earnings as interest rates rise. Jeff Kleintop, Charles Schwab's chief global investment strategist, expects a shallow recession may already have begun. He predicts the first half will be worse for stocks than the back half of the year, with a choppiness similar to the past six months. Calvasina expects small caps to be an area of outperformance, and she still sees value in energy and financials.

☆ Markets looking for the next catalyst might latch on to worries about 2023
▼ + stars: | 2022-12-02 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Markets could be volatile and in search of a catalyst in the week ahead, as investors consider year-end trades in the lull before the Federal Reserve's December 13-14 policy meeting. Stocks were higher in the past week, with the year's worst performing sectors, communications services and consumer discretionary companies, leading the gains. On the geopolitical front, Arone said investors will watch the Dec. 6 runoff election in Georgia's senate race . Week ahead calendar Monday Earnings: Sumo Logic , Gitlab 9:45 a.m. Services PMI 10:00 a.m. ISM services 10:00 a.m. Initial jobless claims 10:00 a.m. Quarterly services survey Friday 8:30 a.m. PPI 10:00 a.m. Consumer sentiment 10:00 a.m. Wholesale trade

☆ Investors should start thinking about recovery trades, says RBC Capital's Lori Calvasina
▼ + stars: | 2022-11-15 | 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 EmailInvestors should start thinking about recovery trades, says RBC Capital's Lori CalvasinaLori Calvasina, RBC Capital Markets, joins 'Closing Bell' to discuss investment plays in the current market environment.

☆ Investors should brace for uncertainty after Tuesday's elections, according to RBC. Here's what they should buy if Republicans gain power or Democrats complete an upset win.
▼ + stars: | 2022-11-09 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Election nights and morning-afters are becoming wild times in the stock market as traders track the results race by race or county by county and assess the implications. That could continue Wednesday as it was too early to determine whether Democrats or Republicans will end up with control of the House of Representatives or the Senate. Also positive for stocks is the potential for divided government, with Democrats in control of the White House and Republicans holding at least one house of Congress. Republicans could still control Congress, but on Tuesday that wave was well short of what they, and many pundits, had expected. Dozens of races haven't been called, and it's possible that the Georgia Senate race will go to a runoff election.

☆ These ETFs can help round out your midterm election investing playbook
▼ + stars: | 2022-11-08 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

Even if the election results match expectations, stocks may still rally as some unknowns are removed. Broad sector ETFs from firms like iShares, State Street and Vanguard are one way to play these sectors, offering cheap broad exposure. For example, the Industrial Select Sector SPDR ETF (XLI) and Vanguard Communications Services ETF (VOX) both have an expense ratio of 0.10%. Under-the-radar elections Federal elections are not the only contests on Tuesday that could move stocks. The biggest marijuana ETFs — AdvisorShares Pure US Cannabis ETF (MSOS) and ETFMG Alternative Harvest ETF (MJ) — are each down more than 50% for the year.

☆ These stocks could benefit from a GOP victory in midterm elections, and analysts love them
▼ + stars: | 2022-11-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

The stocks also have to have a potential upside of at least 20%, based on the average analyst price target, according to FactSet. Shares are up more than 36% year to date and have another 30% upside to the average analyst price target, according to FactSet. Google-parent Alphabet is down about 38% year to date but has nearly 45% upside to the average analyst price target. Match has lost more than 65% so far this year but has 50% upside to the average analyst price target, according to FactSet. The stock is down about 28% year to date, but has 27% upside to the average analyst price target.

☆ Stock futures mostly unchanged as election results start roll in
▼ + stars: | 2022-11-08 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +2 min

New York CNN Business —US stocks were mostly unchanged in after-hours trading as results from Tuesday’s midterm elections rolled in. If Republicans take at least one chamber of Congress, that will likely result in more gridlock, which the market usually loves. Investors are more than happy when politicians bicker but don’t actually enact any new laws that may hurt corporate profits. S&P 500 futures were down 0.1%, and the Nasdaq Composite was down 0.01%. Early results on election night can be very different from the final outcome once all the votes are tallied.

☆ Best midterm election scenarios for stocks and the sectors to play them, according to RBC
▼ + stars: | 2022-11-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

If the midterm elections go as Wall Street expects, stocks should rally into year-end, according to RBC. The average S & P 500 returns are higher in the years when a Democrat is president and the GOP controls Congress, her analysis showed. This year is most similar to 2002 — so far the S & P has had a 76% correlation with 2002, the strongest in any midterm election year in recent decades. Back then, the S & P rallied back 20% from its October lows, she said. Additionally, biotech in the health-care space and specialty/consumer finance and regional banks within financials should outperform, according to RBC.

☆ S&P to see a big rally post-midterm if Republicans take Congress, says RBC's Calvasina
▼ + stars: | 2022-11-07 | by ( Melissa Lee | ) 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 EmailS&P to see a big rally post-midterm if Republicans take Congress, says RBC's CalvasinaRBC's Lori Calvasina offers her market midterm survival guide. With CNBC's Melissa Lee and the Fast Money traders, Bonawyn Eison, Karen Finerman, Dan Nathan and Guy Adami.

☆ Stock futures are flat as Wall Street awaits U.S. midterm elections
▼ + stars: | 2022-11-07 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 7, 2022. Stock futures were flat Monday evening following a winning day for markets as investors looked ahead to U.S. midterm elections on Tuesday. S&P 500 futures and Nasdaq 100 futures gained 0.03% and 0.10%, respectively. Shares of Lyft fell 13% while Take-Two Interactive and Tripadvisor slumped more than 15% each after reporting disappointing quarterly results. On Tuesday, Lordstown Motors , Lucid Group, Walt Disney and AMC Entertainment all report their latest quarterly results.

☆ There are more signs that a revaluation of growth stocks is underway
▼ + stars: | 2022-10-31 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

It is the value player's dream: A revaluation of growth stocks. As a result, money in October has been moving into financials, materials, industrials, energy and even small caps. Investors have noticed this deceleration in earnings for growth sectors and have been buying classic "value" sectors like energy, industrials and health care this month. Third-quarter arnings growth for tech names is down a modest 1.2% and is only projected down 3.3% for the fourth quarter. Krinsky wasn't alone in his caution about earnings estimates.

☆ Until we've de-risked 2023 expectations, expect further volatility, says RBC Capital Markets' Calvasina
▼ + stars: | 2022-10-27 | 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 EmailUntil we've de-risked 2023 expectations, expect further volatility, says RBC Capital Markets' CalvasinaRBC Capital Markets Head of US Equity Strategy Lori Calvasina joins 'Squawk on the Street' to discuss the reasons behind her Meta target cut, the influence of midterm elections on markets and investing tips for the tech landscape.

☆ Watch CNBC's full interview with RBC Capital Markets' Lori Calvasina
▼ + stars: | 2022-10-27 | 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 RBC Capital Markets' Lori CalvasinaRBC Capital Markets head of US equity strategy Lori Calvasina joins 'Squawk on the Street' to discuss the reasons behind her Meta target cuts, the influence of midterm elections on markets and investing tips for the tech landscape.

☆ Experts are getting bullish on small caps. Here's the case for the surprise pre-recession call, and what to buy.
▼ + stars: | 2022-10-26 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

Some leading strategists and experts are very positive on smaller companies right now. Heading into a recession, smaller companies usually look expensive compared to their bigger peers. Steven DeSanctis, a SMID-cap strategist for Jefferies, is another expert who is positive on smaller companies right now. But he notes that even though small caps have delivered better returns than large caps since June 30, investors are still pulling money out of small cap-themed ETFs. In fact, Fisher wrote that when small caps do this poorly, it can lead to powerful recoveries.

☆ Here's where stocks and inflation could be headed next after the market's stunning reversal
▼ + stars: | 2022-10-14 | by ( Jason Ma | ) www.businessinsider.com time to read: +7 min

Analysts at Barclays raised their forecasts on Fed rate hikes in December and February to 75 and 50 basis points, respectively. Any relief rally that takes hold in the stock market could send the S&P 500 to its first big resistance test around 3,914, Stockton added. High inflation reports could become the norm after more than a decade of sub-2% inflation readings, according to Bank of America. That's because underinvestment in energy production, sticky wage inflation, and aging demographics are set to drive structural inflation for years to come. There's reason to believe the stock market is close to its low point, according to RBC.

☆ The stock market will be rocky over the next few months, RBC says, but the bottom could be in very soon. Here are 3 reasons a double-digit recovery could be in store 2023.
▼ + stars: | 2022-10-13 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

There's reason to believe the stock market is close to its low point, according to RBC. She points out that when investors get this cautious — with bearish investors outnumbering bullish ones by at least 10% — 12-month forward returns hit 15.5% on average. But stock market downturns and economic downturns don't always happen at the same time. She notes that on average, the S&P 500 has returned 13.6% in years when US GDP is negative. Calvasina writes that on average, the S&P 500 rallies 7% off its lows in a midterm year like this one.

☆ RBC's Lori Calvasina cuts 2023 earnings forecast, cites weak GDP through next year
▼ + stars: | 2022-10-12 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

RBC Capital Markets' Lori Calvasina is cutting her forecast for markets at the start of what many investors expect will be a rough third-quarter earnings season. The head of U.S. equity strategy said she trimmed her 2022 S & P 500 earnings per share forecast to $216, down from $218. Her 2023 EPS outlook fell to $208 from $212, as she cited weak GDP through next year. Calvasina's year-end 2022 S & P 500 forecast dropped to 3,800, down from 4,200. Meanwhile, the strategist said that a new period of small cap leadership could be ahead for investors should they outperform large caps in the third quarter reporting period, as they did when second quarter earnings were reported.

☆ Take no prisoners: In the Fed’s inflation fight, no one is spared
▼ + stars: | 2022-09-26 | by ( Christine Romans | ) edition.cnn.com time to read: +5 min

Global central banks are jacking up interest rates with no end in sight until high inflation is vanquished. The Federal Reserve is aggressively fighting inflation by lifting its benchmark interest rate five times so far this year. There isn’t.”Higher interest rates make life more expensive for anyone who borrows money. The higher rates ding home affordability but also might be holding back home sales. Higher interest rates make financing a car — when you can find one — even more expensive.

☆ Millennial day-traders are putting Wall Street to shame as investors bank on a V-shaped recovery
▼ + stars: | 2020-06-16 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Rich Fury/GettyDear Readers,A strange dynamic is afoot in the stock market. The institutional heavyweights on Wall Street are being beaten at their own game by upstart day-traders and retail investors — and it's not been particularly close. Peter Cecchini, the former global chief market strategist at Cantor Fitzgerald, also recently weighed in on the retail-investor phenomenon. Put simply, Main Street is putting Wall Street to shame since late March. — Peter Cecchini, former global chief market strategist at Cantor Fitzgerald, commenting on Barstool Sports founder Dave Portnoy's irreverent day-trading exploits

☆ How to play the risk rally in stocks, a shift in market leadership, and an exclusive chat with the head of iShares
▼ + stars: | 2020-06-09 | by ( Business Insider | ) www.businessinsider.com time to read: +5 min

The last time we spoke, market observers were scratching their heads over the stock market's seemingly unstoppable march higher. Turns out maybe the stock market was right all along. Exclusive interview with the head of iSharesBlackRockETFs helped investors navigate the recent period of volatility, particularly in parts of fixed income where liquidity dried up. This development signals that a new breed of stocks is taking over as the market leaders for the next period of economic expansion. Strategists at the firm highlighted two pairs trades that have been performing well since the stock market hit rock bottom in March.

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