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☆ The Fed needs two industries to suffer in order to beat inflation, Jim Cramer says
▼ + stars: | 2023-04-11 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

It's going to be tough for the Federal Reserve to beat inflation without declines in the auto and housing industries, CNBC's Jim Cramer said on Tuesday. When the Fed raises interest rates, investors typically expect the housing, auto and retail industries to suffer. "You want to break the back of inflation, you need to break the back of the auto and housing industries," Cramer said. Cramer said without significant layoffs from more industries, the same cycle will continue, with marginal institutions staying afloat, partially due to strength in the stock market. If the Fed is going to defeat inflation, it needs to see some marginal businesses go under, he said.

☆ Morning Bid: Glass half full on disinflation
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +4 min

Headline March consumer price inflation is expected to drop as low as 5.2% from 6% - showing the disinflation journey from more than 40-year highs of 9.2% last June to the Fed's 2% target more than half way there. The rider is that headline inflation rates are expected be below stickier annual 'core' rates, which are forecast to have ticked higher to 5.6% last month. The International Monetary Fund's updated World Economic Outlook is also due on Tuesday ahead of the Fund's Spring meeting in Washington. The disinflation picture was encouraged around the world on Tuesday as Chinese consumer price inflation hit an 18-month low last month and the annual decline in factory prices sped up. Hopes that central bank rates are cresting worldwide lifted risk appetite across the spectrum with major cryptocurrency bitcoin broke back above $30,000 level for the first time in 10 months on Tuesday.

☆ CarMax soars on earnings beat. Here's how the pros are playing it
▼ + stars: | 2023-04-11 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCarMax soars on earnings beat. Here's how the pros are playing itJim Cramer, Jenny Harrington of Gilman Hill Asset Management, Bryn Talkington of Requisite Capital Management, and Joe Terranova of Virtus Investment Partners on what they think about CarMax's fiscal 4Q earnings beat.

☆ Cramer’s Mad Dash: Carmax is the biggest pre-market mover in the S&P 500
▼ + stars: | 2023-04-11 | 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 EmailCramer’s Mad Dash: Carmax is the biggest pre-market mover in the S&P 500CNBC’s Jim Cramer delivers his daily Mad Dash on what's driving Carmax's stock to soar in pre-market trading.

Mohawk Industries — Shares of the flooring manufacturer gained 5% after Loop Capital upgraded the company to buy from its previous hold rating. WisdomTree — Shares of the financial firm gained 3% after the company said it had $1.9 billion of net flows in March. New York Community Bancorp — Shares of the regional bank gained 2.7% after Jefferies upgraded the stock to buy from hold. LendingClub — The lending stock gained 5% after JPMorgan initiated coverage of the stock at overweight. Murphy Oil — The natural gas company's shares gained 2.6% after Truist upgraded shares to buy from hold.

☆ Stocks making the biggest moves premarket: Moderna, CarMax, Whirlpool and more
▼ + stars: | 2023-04-11 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

CarMax — Shares of the vehicle retailer soared 7% on the back of better-than-expected quarterly earnings. Upstart — Upstart fell about 2% after JPMorgan initiated coverage of the lending stock with an underweight rating, citing a worsening environment for loans. Whirlpool — Shares gained more than 2% after Goldman Sachs upgraded Whirlpool to buy from neutral. LendingClub — The lending platform gained 4.8% after JPMorgan initiated coverage of the stock as overweight. Array Technologies — Shares of the solar technology company gained 2% after Wolfe Research initiated coverage of Array with an outperform rating.

☆ NCAA star Angel Reese says playing at LSU is more lucrative than the WNBA—and she wants to splurge on a Mercedes-Benz
▼ + stars: | 2023-04-11 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

NCAA basketball champion Angel Reese isn't fast-tracking her college career, even if she had the option to go pro. "I'm in no rush to go to the league," Reese, 20, recently told the "I Am Athlete" podcast. That's more than any other college basketball player, the report says. Reese knows exactly what she wants to spend her newly gained fortune on, too: a Mercedes-Benz, she said on the podcast. "My first year [in college], I was just taking money," Reese said.

☆ CarMax soars on its earnings beat. Here's how the pros are playing it
▼ + stars: | 2023-04-11 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best trade ideas from investors and analysts on CarMax throughout the day. The pros, including Jim Cramer , discussed CarMax on Tuesday. Shares ended the session 9.6% higher after the company reported a huge beat on earnings for its fiscal fourth-quarter before the opening bell. Jenny Harrington, CEO of Gilman Hill Asset Management, owns CarMax . The car retailer was the biggest winner in the S & P 500 Tuesday.

☆ AdvisorShares' Brad Lamensdorf's short sell bear case for CarMax
▼ + stars: | 2023-04-11 | 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 EmailAdvisorShares' Brad Lamensdorf's short sell bear case for CarMaxBrad Lamensdorf, AdvisorShares portfolio manager, joins 'Closing Bell: Overtime' to discuss his bearish call on CarMax.

☆ Wall Street says bad news is no longer good news. Here’s why
▼ + stars: | 2023-04-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —There’s been a seismic shift in investor perspective: Bad news is no longer good news. Markets teetered after a slew of economic reports signaled that the red-hot labor market is finally cooling (more on that later), flashing warning signals across Wall Street. Now that Wall Street is in “bad news is bad news and good news is good news” mode, it will be looking for signs that the economy remains resilient. President Joe Biden said in a statement Friday that the March data is “a good jobs report for hard-working Americans.”The March jobs report revealed that US employers added a lower-than-expected 236,000 jobs last month. The jobs report was also the first one in 12 months that came in below expectations.

☆ 3 reasons big bank earnings are super important to the stock market in the week ahead
▼ + stars: | 2023-04-08 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

There are two big watchers on our list for the week ahead, and one of them — believe it or not — is not an inflation reading. The consumer price report (CPI), which calculates the average change over time in prices shoppers pay for goods and services, comes out Wednesday before the opening bell. Other data next week includes the producer price index report on Thursday and the retail sales report on Friday. ET: Consumer Price Index 2:00 p.m. The most important macroeconomic update of the week came on Friday while the market was closed for Good Friday.

☆ Key inflation data and earnings reports loom as labor market signals a slowing U.S. economy
▼ + stars: | 2023-04-06 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

Fed officials have been pointing to the tight labor market as an area of concern for inflation, using it as evidence that it hasn't tightened rates enough. After months of strategists and investors complaining that earnings estimates are too high, they've started to fall — but with a catch. If the trough in earnings is close, then the stock market could be in for a big year. ET - Producer price index Friday: Earnings: UnitedHealth, JPMorgan Chase, Wells Fargo, BlackRock, Citigroup, PNC Financial 8:30 a.m. ET - Fed H.8 data on assets and liabilities of U.S. commercial banks

☆ Bank of America lists its top stock picks for the second quarter
▼ + stars: | 2023-04-05 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

With the start of the second quarter, Bank of America has a new list of short-term ideas for investors seeking clarity amid ongoing market volatility. The bank expects its Medicare Advantage plans to comprise two-thirds of the company's revenue growth for this year. The bank assigned a $650 price target on UnitedHealth, suggesting the stock could gain more than 31% from Tuesday's close. The bank expects even more gains for the stock, with its 12-month price target of $115 per share implying 11% upside from Tuesday's close of $103.58. Analysts at the bank aren't as bullish on CarMax Bank of America expects CarMax shares to shed 37% to its $40 per share price target.

☆ Jim Cramer's top 10 things to watch in the stock market Friday: Stars of first quarter and Alphabet's AI risk
▼ + stars: | 2023-03-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

AI is a real problem for Club holding Alphabet (GOOGL), according to Piper Sandler, which lowers price target to $117 per share from $120. Raises price target to $75 per share from $72. Baird raises price target on Okta (OKTA) to $100 per share from $92. Morgan Stanley raises price target on e.l.f. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Explainer: What is Generative AI, the technology behind OpenAI's ChatGPT?
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +4 min

WHAT IS GENERATIVE AI? Like other forms of artificial intelligence, generative AI learns how to take actions from past data. The most famous generative AI application is ChatGPT, a chatbot that Microsoft-backed OpenAI released late last year. Generative AI likewise can take notes during a virtual meeting. Cybersecurity researchers have also expressed concern that generative AI could allow bad actors, even governments, to produce far more disinformation than before.

CNBC Select compared more than a dozen car loan lenders based on the types of loans offered, affordability, credit requirements and shopping experience they provide. Here are our top picks for car lenders that serve customers with bad or fair credit. It offers various types of loans, including used and new car loans, refinancing and lease buyouts. If you have bad credit, getting approved for a car loan without a co-signer can be more challenging — but it's still possible. The rates and fee structures advertised for car loans are subject to fluctuate in accordance with the Fed rate.

☆ Carvana’s losses widen as the used-car market stalls
▼ + stars: | 2023-02-23 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

Auto industry supply chain problems that decreased the supply of new cars led to dramatic increases in the price of Carvana’s product, used cars. Many of thoe issues have begun to resolve in the new car market and, consequently, used car prices have recently started to come down. The number of cars Carvana sold in the fourth quarter last year dropped 23% from a year earlier to about 87,000 while overall revenue declined 24%. For the full year, Carvana sold 3% fewer vehicles while revenue, at $13.6 billion, increased 6%. As the numbers of cars sold has dropped, though, the reductions haven’t yet been visible in per-vehicle profits, they said.

☆ Retailers are hoarding labor even as tech layoffs mount
▼ + stars: | 2023-02-14 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Some retailers are bucking the trend of layoffs and holding on to workers. But on the store level, retailers are holding on tight to their workers, even seasonal workers who they typically would have dismissed by now, in a practice known as "labor hoarding." "The concept of labor hoarding is alive and well," Kenneth Kim, a senior economist at KPMG, told Insider. Anna Moneymaker/Getty ImagesThose layoffs don't seem to be an emerging trend in the retail sector, Kim from KPMG said. And while there were 417,000 job cuts in January, the official models were accounting for a lot more, since that's when many retailers typically begin laying off seasonal workers.

☆ Too far, too fast: These stocks are set to decline after hot 2023 starts
▼ + stars: | 2023-02-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

However, analysts believe some stocks are getting ahead of themselves and are set to fall. We used FactSet data to screen for S & P 500 stocks whose consensus price targets indicate an expected decline. Here are 20 stocks analysts predict will have the biggest drops this year. Macquarie downgraded Paramount shares to underperform from neutral the day after Paramount announced its integration plans. Carnival Cruise Line 's stock has popped more than 40% in 2023 as of Thursday morning, but analysts anticipate it will drop 8.1%.

☆ Davos 2023: CEOs buzz about ChatGPT-style AI at World Economic Forum
▼ + stars: | 2023-01-17 | by ( Jeffrey Dastin | ) www.reuters.com time to read: +3 min

DAVOS, Switzerland, Jan 17 (Reuters) - Business titans trudging through Alpine snow can't stop talking about a chatbot from San Francisco. Businesses including CarMax Inc (KMX.N) have already used Microsoft and OpenAI's tech, such as to generate thousands of customer review summaries when marketing used vehicles. Such buzz carried through gatherings at Davos, like talk about a slide-generating bot dubbed ChatBCG after the management consulting firm. loadingGenerative AI is "a game-changer that society and industry need to be ready for," stated an article on the World Economic Forum's website. Reporting By Jeffrey Dastin in Davos, Switzerland; Editing by Kenneth Li and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

☆ Microsoft to expand ChatGPT access as OpenAI investment rumors swirl
▼ + stars: | 2023-01-17 | by ( Jeffrey Dastin | ) www.reuters.com time to read: +2 min

Jan 16 (Reuters) - Microsoft Corp (MSFT.O) on Monday said it is widening access to hugely popular software from OpenAI, a startup it is backing whose futuristic ChatGPT chatbot has captivated Silicon Valley. The news site Semafor reported earlier this month that Microsoft might invest $10 billion; Microsoft declined to comment on any potential deal. Public interest in OpenAI surged following its November release of ChatGPT, a text-based chatbot that can draft prose, poetry or even computer code on command. ChatGPT itself, not just its underlying tech, will soon be available via Microsoft's cloud, it said in a blog post. Microsoft said CarMax, KPMG and others were using its Azure OpenAI service.

☆ Brilliant: It could be a challenging year ahead for a company like CarMax, but it's a solid investment in the long-term
▼ + stars: | 2023-01-17 | 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 EmailBrilliant: It could be a challenging year ahead for a company like CarMax, but it's a solid investment in the long-termDiamond Hill president & CEO Heather Brilliant discusses how if investors are able to look past the next few quarters, there are plenty of longer-term opportunities to be had, including names such as CarMax and Nestle.

☆ Companies’ Capital Spending Forecast to Slow in 2023 Amid Recession Fears
▼ + stars: | 2023-01-16 | by ( Kristin Broughton | ) www.wsj.com time to read: +8 min

Companies are expected to tap the brakes on capital investments this year as they assess the risk of a downturn and contend with higher financing costs. Capital spending in 2021 rose by 9% compared with 2020, the first year of the pandemic, EY said. After two years of spending heavily, some companies want to take a pause to digest the investments they’ve made, advisers said. FedEx Corp. last month lowered its capital spending forecast for the current fiscal year by $400 million, to $5.9 billion. The remainder said they don’t finance their capital spending plans through borrowing, or their borrowing isn’t sensitive to changes in interest rates.

☆ The steep plunge in used car prices – what it means, and what’s ahead
▼ + stars: | 2023-01-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —Tracking used car prices is enough to give anyone whiplash. Today’s average used car price is about the same as the average new car price as recently as 2010. Experts say part of the decline in used car prices is that the price increases were not sustainable and were partly driven by buyers at used car auctions overpaying for the limited supply of used vehicles. There could be more declines in used car prices in the months ahead, as new car inventories continue to build. One thing that could put a floor under the used car prices: late model used cars will likely be in short supply given the reduced new car production over the last three years.

☆ JPMorgan downgrades CarMax, says hope for a recovery looks 'premature'
▼ + stars: | 2023-01-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

JPMorgan is pumping the brakes on shares of CarMax . Analyst Rajat Gupta downgraded the used vehicle stock to underweight from neutral, saying that the risk-reward looks skewed to the downside as the potential for lower earnings revisions linger. He also said recovery hopes look "premature" at the moment. According to Gupta, Wall Street is also failing to accurately account for downside risks to overall earnings. Gupta maintained the Wall Street firm's $60 price target on CarMax, which represents 11% downside from Tuesday's close.

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