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☆ Chesapeake Energy to reduce drilling amid natgas price slump
  + stars: | 2023-02-22 | by ( Liz Hampton | ) www.reuters.com   time to read: +2 min
Feb 22 (Reuters) - U.S. natural gas producer Chesapeake Energy Corp (CHK.O) on Wednesday said it would pull back on drilling and completing wells this year as natural gas prices have crashed to a quarter of what they were last summer. Earlier this month, Comstock Resources Inc (CRK.N) said it would cut drilling rigs to seven from nine this year. Henry Hub natural gas futures on Wednesday briefly dipped below $2 per million British thermal units (mmBtu) for the first time since September 2020, and were down from last year's $8 peak. Chesapeake, which previously announced plans to sell its oil position to focus on gas production, on Tuesday said it would sell oil assets in South Texas to chemical maker INEOS for $1.4 billion. Rival shale oil producer Diamondback Energy (FANG.O) on Wednesday said it was increasing its non-core asset sale target to at least $1 billion by the end of this year, up from $500 million previously.
☆ These 8 stocks are cheap and are expected to see strong earnings growth this year
  + stars: | 2023-02-22 | by ( Jesse Pound | ) www.cnbc.com   time to read: +3 min
But there are some stocks that appear more reasonably priced, at least by one common valuation yardstick. The companies listed are also expected to see earnings per share growth of at least 10% this year. According to FactSet, 81% of Wall Street analysts have a buy rating on the stock. Financial stocks often trade at lower P/E ratios than the market as a whole, due in part to their slower growth prospects, but insurance company Metlife offers some attractive upside, according to analysts. According to FactSet, 65% of analysts have a buy rating on Metlife, with an average upside of 17% from current levels.
☆ Buy these 16 dividend stocks to collect consistent cash payments while inflation stays high, according to a fund manager who outperformed 95% of his peers last year
  + stars: | 2023-02-20 | by ( James Faris | ) www.businessinsider.com   time to read: +6 min
"Just simply by focusing on quality companies with strong free cash flows is going to get you through any economic cycle. When looking for dividend stocks, the fund manager said it's crucial to consider a company's cash flow to ensure that it will be able to provide consistently high cash payments each quarter. "We do think it's prudent for investors to focus on — whether it's sectors as a whole or companies — strong, resilient cash flows," Morey said. "Because in an environment that we're in right now, cash is king, and cash flows are the life of companies. And without cash flows, you're tapping into other sources for capital, which is now at a much higher rate."
☆ Warren Buffett is missing out on this year’s market comeback
  + stars: | 2023-02-19 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +8 min
But the Oracle of Omaha has missed out on this year’s stock market rally. Buffett, in fact, has promoted that idea to investors many times, arguing that most individual stock pickers will not be able to beat the market. And to his credit, that usually pays dividends: Berkshire stock was up 3% last year in a down market. “High rates of inflation create a tax on capital that makes much corporate investment unwise,” Buffett said in his 1980 shareholder letter to Berkshire investors. Investors will get several more clues about consumer spending this week when several top retailers report earnings.
☆ The Fed’s favorite inflation gauge will be the big market hurdle of next week
  + stars: | 2023-02-18 | by ( Zev Fima | ) www.cnbc.com   time to read: +7 min
Most important this week is Friday's core personal consumption expenditure (PCE) price index for January. In comparison, the consumer price index (CPI), released this past week, only tracks price changes over time. The market is expecting the core PCE price index to rise 0.4% monthly and 4.9% annually. In addition to the core PCE price index, we're going to be looking closely at the housing and utilities component. Lastly, the January producer price index came in hotter than expected, rising 0.7% from December versus expectations for 0.4% increase.
☆ Here are Credit Suisse's favorite stocks for February
  + stars: | 2023-02-09 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +4 min
Credit Suisse refreshed its "top of the crop" stock picks for February, as the market tries to build on its strong start to the year. Despite the uncertain market backdrop, Credit Suisse highlighted several stocks it thinks can outperform going forward. Credit Suisse has a price target of $27 per share, implying upside of 18.2%. Credit Suisse also sees strong gains for software stock ServiceNow, with the bank's price target of $575 implying upside of more than 20%. Credit Suisse set its target price for shares at $830, implying a 15.2% upside from Tuesday's close.
☆ Another way to play the early 2023 market comeback: Volatile stocks that trade at a discount
  + stars: | 2023-02-07 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
For investors seeking ways to play this year's stock market comeback, looking at cheap, volatile names might lead to big gains. These stocks are all members of the iShares Russell Value ETF (IWD), and have a 3-year beta greater than 1.5. Alaska Air Group was identified as a high beta value stock, according to the screen. The carrier has a 3-year beta of 1.7, and 87% of analysts covering it rate it a buy. The semiconductor company has a 3-year beta of 2.1, and is recommended by 82% of analysts covering it.
☆ Here are Wednesday's biggest analyst calls: Tesla, Amazon, Robinhood, Microsoft, Sunrun, Block & more
  + stars: | 2023-01-25 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
Here are Wednesday's biggest calls on Wall Street: BMO downgrades Microsoft to market perform from outperform BMO downgraded the stock after Microsoft's earnings report, noting it has concerns about Azure growth. Bank of America initiates Papa John's as buy Bank of America said the pizza chain stock is attractive and that it sees a return to growth. " Bank of America downgrades Booking Holdings to neutral from buy Bank of America said it sees "less valuation upside" for the online travel booking company. Bank of America downgrades Union Pacific to neutral from buy Bank of America it's concerned about "service and cost pressures" for Union Pacific. Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating heading into Amazon earnings, but it's concerned about Amazon Web Services following Microsoft's disappointing quarterly results.
☆ U.S. oil & gas M&A hit 17-year low; big firms dominate deals-report
  + stars: | 2023-01-24 | by ( Liz Hampton | ) www.reuters.com   time to read: +2 min
Oil companies are also grappling with less productive wells, with some viewing asset purchases as a way to keep oil and gas flowing. Larger companies with better inventories tend to have a premium built into their stock, giving them more buying power, Enverus wrote. "It's a market where the rich get richer," said Andrew Dittmar, a director at Enverus who focuses on mergers and acquisitions. Publicly traded U.S. shale firm Diamondback Energy (FANG.O) added some 500 drilling locations to its portfolio by spending $3 billion to purchase Lario Oil & Gas and Firebird Energy during the fourth quarter. Diamondback's added inventory was "more of a luxury than a necessity," Dittmar said of those deals.
☆ 8 stocks that have reclaimed their long-term bullish trend
  + stars: | 2023-01-18 | by ( Alex Harring | ) www.cnbc.com   time to read: +3 min
The 200-day moving average calculates the average price of the index over the last roughly 40 weeks. The S & P 500 ended Friday at 3,999.09 points, above the 200-day average of 3,981.22. On Monday, the S & P 500 broke a four-day winning streak , slipping 0.2% to 3,990.97, but it remained above that key point. About two out of every three S & P 500 stocks are individually above their respective 200-day moving averages, according O'Hara. All numbers are current through Friday's close: Airlines Alaska and Delta are both trading around 10% above their 200-day moving average.
☆ Value investor Bill Nygren says he sold some energy for new buys, including Adobe and an auto name
  + stars: | 2023-01-12 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Last year's losing market created a new host of buying opportunities for long-term value investors across different sectors, Oakmark Funds' Bill Nygren said Thursday. In the energy sector, Oakmark opted to keep positions in APA , Conocophilips and Dominion Energy , which have more non-earning assets, Nygren said. The portfolio manager then used the cash to buy Canadian auto parts manufacturer Magna International . It is a single-digit price-to-earnings stock that fell to around $60 from $100 at its high, Nygren said. MGA 1Y mountain Magna International "We think they're under earning today because of supply chain problems," Nygren said.
☆ This dividend stock fund is beating the market. Here's its strategy and positions
  + stars: | 2023-01-10 | by ( Michelle Fox | ) www.cnbc.com   time to read: +6 min
The firm's Integrity Dividend Harvest Fund ended 2022 down just 1.45%, while the broader market saw its worst year since 2008. So far in 2023, Integrity Dividend has gained more than 5%, while the S & P is up only a little more than 1%. IDHIX 1Y mountain Integrity Dividend Harvest I outperformed the S & P 500 in 2022. The stock, which gained more than 19% last year, has a 3.65% dividend yield. "They're pointing to 6% to 7% long-term annual earnings growth, along with dividends growing in lockstep to their earnings," Radke said.
☆ RBC gives its top picks for 2023, including a surprising automaker
  + stars: | 2023-01-05 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +3 min
In that note, RBC shared its quarterly refresh of its top 30 "high-conviction, long-term ideas," which includes global names with an outperform rating by RBC analysts. Recovery in individual portfolios may be slow-moving, but RBC's top picks have a track record of beating the global market. The firm's price target on Ferrari implies about 32% upside. Cybersecurity stock Palo Alto Networks has the highest potential return of the group, with a price target of $233. The firm has a $165 price target on the stock, nearly 60% greater than Tuesday's closing price.
☆ These stocks are winning the battle against inflation and expanding profit margins
  + stars: | 2022-12-27 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Still, there are plenty of individual stocks whose businesses are fundamentally performing well, improving their profit margins even at a time when inflation is running at a 40-year high. As a result, analysts and strategists say there are still opportunities to profit by carefully choosing stocks, even in a bear market. Gross margin measures a company's remaining profit after subtracting all costs related to its product or service. Its performance aligns with the broader energy sector, which has surged this year following Russia's invasion of Ukraine. The S & P 500 energy sector, which has added about 60%, is the only major group, out of 11, that's advanced in the benchmark index in 2022.
☆ The CIO of a top-performing fund says 2023's stock market will be a tale of 2 halves. He shares the sectors he expects to outperform.
  + stars: | 2022-12-27 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +5 min
Mike Morey believe the stock market may retest its 2022 lows during the first half of the year. Despite the market chaos, there were two clear standouts that outperformed the broad market: the energy sector and defensive sectors, both of which fall under his area of expertise. The second fund, the Integrity Mid-North American Resources Fund (ICPAX), focuses on the energy sector. He favors defensive sectors such as healthcare, utilities, staples, and traditional telecommunications sectors, which are found in the IDIVX fund. ICPAX's top 10 holdings are Cheniere Energy, Diamondback Energy, OvintivInc., ExxonMobil Corp., Cactu, Nextier Oilfield., Halliburton, Enbridge, Champion, and Marathon Oil.
☆ The Nasdaq had its worst year since 2008. These are the best and worst performers and what to expect in 2023
  + stars: | 2022-12-27 | by ( Samantha Subin | ) www.cnbc.com   time to read: +9 min
2022 brought an end to an impressive bull run for technology — and the worst year for the Nasdaq Composite since 2008. Energy stocks, meanwhile, found favor in investors' portfolios, as did healthcare and financials. Given this outlook, CNBC examined some of the worst and best-performing stocks in the Nasdaq 100 this year. Energy stocks Energy won 2022, benefitting from volatile oil prices triggered by the war in Ukraine. Meta Platforms was the worst-performing FAANG name, and one of the poorest-performing Nasdaq stocks.
☆ Energy stocks had a blowout performance this year. In 2023, the outlook is more uncertain
  + stars: | 2022-12-25 | by ( Sarah Min | ) www.cnbc.com   time to read: +7 min
After enjoying a monster rally in 2022, energy stocks are heading into an uncertain new year. Energy stocks surged this year after the war in Ukraine interrupted the global oil supply, and drove up the price of a barrel of oil. Ongoing geopolitical risks To be sure, not everyone believes that the outlook is positive for energy stocks, especially without the resolution of some ongoing geopolitical disruptions. That would be bad even for energy stocks. If they do add to their energy allocation, he stressed a preference for U.S. energy over global energy for a "more stable" investment environment.
☆ These are analysts’ favorite value stocks heading into 2023, including one name expected to double
  + stars: | 2022-12-18 | by ( Fred Imbert | ) www.cnbc.com   time to read: +3 min
The IWF , its growth counterpart, has dropped 28% in that time, while the S & P 500 has fallen nearly 20%. This would mark the first time since 2016 that the IWD outpaces both the S & P 500 and IWF since 2016. The stock is trading at a slight discount relative to the S & P 500 and has buy ratings from three-quarters of analysts covering it. Mattel also made the list, with a price-to-earnings ratio of 10 and buy ratings from 73% of analysts. The stock is one the best performers in the S & P 500 for 2022, gaining more than 70% as investors have piled into the energy sector this year.
☆ One of the market's biggest ETFs is changing its holdings. Here's what's new
  + stars: | 2022-12-17 | by ( Jesse Pound | ) www.cnbc.com   time to read: +2 min
The index behind one of the biggest ETFs on the market is getting a shakeup next week, creating a shift in the portfolios of many investors. The index is the backbone of the Invesco QQQ Trust , one of the biggest ETFs on the market with more than $150 billion in assets under management. Investors who own the QQQ will see their own portfolios indirectly change as the massive fund rotates its holdings. Discovery are also not perfect fits within the tech sector. The Invesco QQQ Trust, which was launched in 1999, has an expense ratio of 0.20%.
☆ Analysis: Europe can't look to U.S. shale to fill any OPEC gap
  + stars: | 2022-12-06 | by ( Laila Kearney Liz Hampton Arathy Somasekhar | Laila Kearney | Liz Hampton | ) www.reuters.com   time to read: +8 min
U.S. shale production costs are soaring and there is no sign that tight-fisted investors will change their demands for returns rather than investment in expanding drilling. At Helmerich & Payne (HP.N), one of the largest drilling contractors, its R&D budget will rise only $1 million, from 2022's $27 million. The U.S. government expects overall oil production to reach a new peak next year, but it has several times this year cut its forecasts. Shale production declines rapidly after peaking compared to conventional oil wells, falling about 50% after the first year. Lower production rates are "a longer-term prospect," said Mike Oestmann, chief executive of shale producer Tall City Exploration.
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☆ Top Wall Street analysts bet on these stocks to brace for a sharp downturn
  + stars: | 2022-12-04 | by ( Tipranks.Com Staff | ) www.cnbc.com   time to read: +5 min
In this article ADIMCHPFANGVMW Follow your favorite stocks CREATE FREE ACCOUNTVMware at the NYSE, Dec. 14, 2021. Source: NYSEVMwareWhile software company VMware (VMW) reeled from lackluster quarterly results, Monness Crespi Hardt analyst Brian White maintained his positive conviction on the stock. Impressively, Hanold holds the 8th position among more than 8,000 analysts on TipRanks, and boasts a 70% success rate. Recently, Stifel analyst Tore Svanberg recently reiterated a buy rating on MCHP stock and even increased the price target to $80 from $77. (See Analog Devices Hedge Fund Trading Activity on TipRanks) The analyst sees Analog Devices outperforming its peers in the present challenging macroeconomic environment.
☆ Analysis: Energy hungry Europe can't look to U.S. shale to fill any OPEC gap
  + stars: | 2022-12-02 | by ( Laila Kearney Liz Hampton Arathy Somasekhar | Laila Kearney | Liz Hampton | ) www.reuters.com   time to read: +8 min
U.S. shale production costs are soaring and there is no sign that tight-fisted investors will change their demands for returns rather than investment in expanding drilling. At Helmerich & Payne (HP.N), one of the largest drilling contractors, its R&D budget will rise only $1 million, from 2022's $27 million. The U.S. government expects overall oil production to reach a new peak next year, but it has several times this year cut its forecasts. Shale production declines rapidly after peaking compared to conventional oil wells, falling about 50% after the first year. Lower production rates are "a longer-term prospect," said Mike Oestmann, chief executive of shale producer Tall City Exploration.
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☆ A market mystery: Energy stocks are still riding high even as crude oil tumbles
  + stars: | 2022-11-30 | by ( Bob Pisani | ) www.cnbc.com   time to read: +4 min
Traders are watching oil vs. oil stocks and thinking something has to give. Energy bulls insist supplies will remain tight and oil prices will likely be higher in 2023. Variable dividends Lower oil prices are not just a threat to profits: many oil companies have instituted variable dividends, where the variable portion of the payouts are dependent on cash flow. Companies with a variable dividend include Pioneer (PXD), ConocoPhillips (COP), Devon Energy (DVN), Diamondback Energy (FANG), and Coterra Energy (CTRA). The downside: No one is sure what the total payout (the fixed dividend plus the "variable" dividend) will be from quarter to quarter.
☆ Here are Monday's biggest analyst calls: Amazon, Apple, DraftKings, Tesla, Live Nation & more
  + stars: | 2022-11-28 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
Here are Monday's biggest calls on Wall Street: JPMorgan reiterates Apple as overweight JPMorgan said its survey checks show Apple's iPhone Pro lead times are moderating. JPMorgan names Amazon a top idea heading into 2023 JPMorgan said Amazon is the "most diversified mega-cap across revs & profit & has numerous large growth opportunities." Morgan Stanley downgrades Aptiv to equal weight from overweight Morgan Stanley said in its downgrade of the auto tech supplier that it thinks Aptiv will be affected by a slower rollout of electric vehicles. Morgan Stanley downgrades Williams-Sonoma to underweight from equal weight Morgan Stanley said in its downgrade of Williams-Sonoma that "negative revisions are set to begin." JPMorgan downgrades First Solar to neutral from overweight JPMorgan downgraded the solar stock mainly on valuation.
☆ Stocks making the biggest moves midday: Disney, Carvana, Diamondback Energy and more
  + stars: | 2022-11-21 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +3 min
Disney — Shares jumped 5% after the company reappointed Bob Iger as chief executive officer, effective immediately and 11 months after he left Disney. Carvana — Shares of the used car company slid 13% after Argus downgraded the stock to sell from hold. Energy stocks — Energy stocks were the biggest losers in the S&P 500 midday after oil prices fell to their lowest levels since early January following a Wall Street Journal report that Saudi Arabia and other OPEC oil producers are discussing an output increase. Still, Diamondback Energy and Halliburton fell 4% and 2.9%, respectively. Intel — Shares dipped more than 2% after Cowen downgraded Intel to market perform from outperform, according to StreetAccount.
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