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☆ India likely to get "below normal" monsoon rains in 2023 - Skymet
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, April 10 (Reuters) - India is likely to get "below normal" monsoon rains in 2023 with an increasing likelihood of El-Nino, which typically brings dry weather to Asia, private weather forecasting agency Skymet said on Monday. "Likelihood of El Nino is increasing and its probability to become a dominant category during the monsoon is growing large. El Nino return may presage a weaker monsoon," Jatin Singh, managing director, Skymet said in a statement. Monsoon rains in India are expected to be 94% of the long-term average, said Skymet, retaining its previous view of sub-par monsoon. Punjab, Haryana, Rajasthan and Uttar Pradesh, known as the agriculture bowl of North India, are likely to observe less than normal rains during the 2nd half of the season, the weather forecaster said.

☆ The March jobs report was a win-win for stocks and the Fed, economist Mohamed El-Erian says
▼ + stars: | 2023-04-07 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

The March jobs report is a win for stocks and the Fed should keep a steady pace of rate hikes in May, Mohamed El-Erian said. Stock futures closed higher after the jobs report that arrived during the Good Friday holiday. "It's good to see good economic news," El-Erian, chief economic adviser at Allianz, said on Bloomberg TV after the Labor Department released its report. US stock futures turned higher after the Labor Department released its data. Trading in stock futures was open until 9:15 a.m. Eastern time on Friday, while broader equity trading was closed for the Good Friday holiday.

☆ The 10 worst US cities for job growth and earning potential in 2023
▼ + stars: | 2023-04-06 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

HR firm Checkr ranked the worst US cities for employment opportunities and earning potential. Cities based around agriculture and manufacturing have seen slower job growth and lower salaries. Earning potential was based on each city's real per capita personal income, 10-year income growth, and percentage of households that make over $200,00 a year. "The findings show that the current state of the US job market varies in big and small cities," Korelevich said. Jackson, Toledo, El Paso, and Lakeland also have a "less healthy job market," per US News.

☆ Picasso: Love Him or Hate Him?
▼ + stars: | 2023-04-05 | by ( Deborah Solomon | April | ) www.nytimes.com time to read: +14 min

It is not hugely cool to profess a love for Picasso these days. This is what Picasso’s detractors — like Hannah Gadsby, the Australian comedian and Picasso basher, who will help curate a Picasso show at the Brooklyn Museum opening on June 2 — often miss. Picasso, by contrast, brought the weight of lived experience into his work, even when he was tethered to archetypal subjects. “The Mother” (1901), an early painting by Picasso, shows a view of motherhood purged of Renaissance idealization. The conventional view of the painting holds that the women are “dolled-up cocottes,” as John Richardson glibly put it in his biography of Picasso.

☆ Club meeting recap: Wall Street looks to finish Q1 higher as our tech stocks shine
▼ + stars: | 2023-03-31 | by ( Paulina Likos | ) 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. Stocks up on final day of Q1 Stocks rose Friday on the last day of the first quarter after the Federal Reserve's preferred inflation metric came in cooler-than-expected for February. 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.

☆ There's more economic pain coming as the SVB fallout is likely not contained, Mohamed El-Erian says
▼ + stars: | 2023-03-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

More economic pain is coming as the SVB fallout is likely not contained, Mohamed El-Erian said. Though policymakers have quelled financial contagion, economic contagion is still a risk, he warned. Other market commentators have also warned of more economic pain, as the outflow of deposits in recent weeks will make banks less willing to lend, leading to tighter credit conditions. It is also a reminder to markets not to allow the understandable focus on supersonic-speed financial contagion divert all the attention away from slower-moving economic contagion," El-Erian warned. Though El-Erian has said a recession isn't inevitable, other commentators have warned that a downturn is more likely.

☆ Here's our March rapid-fire update on all 36 stocks in Jim Cramer's Investing Club portfolio
▼ + stars: | 2023-03-28 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +13 min

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. But importantly, the chipmaker has joined Apple in rarified air, becoming an "own it, don't trade it" stock for the Club. The company's business can withstand an economic slowdown and benefits from a weaker U.S. dollar because of its large international presence. 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.

☆ Here are the Club’s 7 'safety stocks' for a volatile economic environment
▼ + stars: | 2023-03-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

PG YTD mountain YTD peformance Jim called Procter & Gamble (PG) his favorite stock in the portfolio right now. COST YTD mountain YTD peformance Costco (COST) is one of the best retailers to own in a strained economy. HUM YTD mountain YTD peformance Humana (HUM) is our managed-care play and we're holding the stock for its defensive characteristics. JNJ YTD mountain YTD peformance Health care leader Johnson & Johnson (JNJ) has been a tough name to own as of late. PANW YTD mountain YTD peformance Cybersecurity giant Palo Alto Networks (PANW) is one of our newer holdings, which we started in mid-February .

☆ The banking crisis is doing Fed's work and creating a window for stocks to rally
▼ + stars: | 2023-03-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +19 min

Work from home has in part jacked up food prices, and the increase is about 14% above just last year. The only bank that looks like Silicon Valley Bank is First Republic Bank (FRC) because it, too, has suffered huge deposit withdrawals. Nike (NKE)said China orders were good, so did Club stock Starbucks (SBUX). As counterintuitive as it is, the banking row will give the 4.8% fed funds rate a chance to cool consumer spending. This gives stocks a window to advance until we begin earnings season with what will no doubt be a cautious banking sector.

☆ Morgan Stanley's case for six Club names, including Alphabet and Microsoft
▼ + stars: | 2023-03-21 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

In a research note Tuesday, Morgan Stanley identified its "best long-term picks" for 2025, in line with our approach for assessing companies. Six names on Morgan Stanley's list were Club holdings, all of which the firm rated a buy. Alphabet (GOOGL): Morgan Stanley analysts think artificial intelligence (AI) will create a new growth opportunities at Google parent Alphabet in its core products, including its search engine, YouTube and cloud offerings. Morgan Stanley has price target of of $135 per share on the stock. Eli Lilly (LLY): The pharmaceuticals giant is well-positioned within the U.S. due to its strong pipeline of drugs and "robust new product cycles," Morgan Stanley analysts argued.

☆ For investors looking for solid ground in an uncertain market, balance sheet is king
▼ + stars: | 2023-03-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

Amid ongoing market volatility and renewed fears about the health of the banking sector, investors and analysts are increasingly targeting the stocks of companies with stellar balance sheets. Note: The Altman Z-score is derived from a model initially developed in the 1960s by New York University professor Edward Altman as a way to predict bankruptcies. We used an Altman Z-score of 5 to focus our list on the cream of the crop. Tier 1 Capital ratios are generally a better metric for monitoring the balance sheets of big banks. But the market may give heightened attention to companies with strong balance sheets in times of elevated economic uncertainty.

LONDON, March 17 (Reuters) - Hedge funds are watching growing U.S.-Chinese geopolitical tensions and have spotted ways to trade them. Taking a short position on investment grade bonds would make up for losses on long positions elsewhere, he said. If tensions were resolved, being caught with a negative view on Chinese stocks would not be beneficial, and therefore she would not short Chinese AI firms but invest in U.S. ones instead. "The most sensitive commodity to a break down in trade between China and Russia and the West is graphite," he added. "Supply chains are already shifting to Penang, and they are receiving investment from both China and the U.S.

☆ Unfairly swept up in Wednesday's sell-off, these stocks now look more attractive
▼ + stars: | 2023-03-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

Another Club stock with defensive characteristics is Procter & Gamble (PG). The three companies have very little economic sensitivity, and our overarching reasons for owning them haven't changed: Eli Lilly for its innovative drug pipeline, J & J for its sterling balance sheet and upcoming breakup and Humana for the growth fueled by its retooled Medicare Advantage offering. Plus, their stocks have largely been out of favor in 2023, especially the drugmakers in Eli Lilly and J & J; shares of both companies are down more than 10% year to date. META 1Y mountain Meta Platforms (META) stock performance over the past 12 months. Meta shares rallied into the close, climbing 1.9%, to nearly $198 apiece.

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, First Republic, Charles Schwab, Match & more
▼ + stars: | 2023-03-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wells Fargo reiterates PNC as overweight Wells said PNC should benefit from a "flight to quality." Deutsche Bank reiterates Charles Schwab as buy Deutsche said liquidity risks for Charles Schwab are overblown. Wells Fargo reiterates Western Alliance Bancorp as overweight Wells said it's standing by shares of the regional bank. Wells Fargo reiterates American Express as overweight Wells said investors should buy the dip in American Express shares. Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating on shares of Amazon.

☆ Mohamed El-Erian says U.S. may be stuck with sluggish growth and high inflation
▼ + stars: | 2023-03-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

There's a risk the economy can be stuck in a period of stagflation — sluggish growth and high inflation —on the heels of Silicon Valley Bank's collapse, economist Mohamed El-Erian said Monday. The central bank has been hiking rates for the past year in an effort to tame inflation. El-Erian, chief economic advisor at Allianz, said the Fed should continue on its path and increase rates by another 25 basis points. El-Erian believes it's possible the Fed may, in fact, hold off, but said there are no more perfect policy reactions available for the central bank. "When you hit the brakes you risk both economic and financial accidents and we just lived through a financial accident."

PANW YTD mountain Palo Alto Networks (PANW) YTD performance We're adding to our Palo Alto Networks position. One of the big data points that came out of the company's recent blowout earnings report was how Palo Alto has now achieved GAAP profitability over its past four quarters. PXD YTD mountain Pioneer Natural Resources (PXD) YTD performance We're also buying an oil stock, Pioneer Natural Resources , into Monday's energy rout and upgrading our rating back to a 1 . 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.

☆ Here’s our fourth-quarter earnings report card for all the stocks in our portfolio
▼ + stars: | 2023-03-10 | by ( Zev Fima | ) www.cnbc.com time to read: +20 min

Fourth-quarter earnings season is in the rearview mirror and most Club stocks reported results ahead of, or in line with, analysts' forecasts. Moreover, excluding foreign exchange fluctuations, this marked the ninth quarter in a row of 20% or better annual earnings growth. Nvidia (NVDA) reported a very strong quarter and better-than-expected guidance for the current quarter . Eli Lilly 's (LLY) fourth-quarter results came up a bit short on revenue but delivered a strong bottom line. Despite missing on top-line expectations, Wells Fargo 's (WFC) earnings came in better-than-expected, as the bank realized the benefits of higher interest rates .

☆ El-Erian says the Fed is dragging the U.S. into an unnecessary recession
▼ + stars: | 2023-03-08 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

The Federal Reserve "flip-flopping" on monetary policy is threatening to send the U.S. economy into a recession, economist Mohamed El-Erian said Wednesday. "We're going to have a recession made at the Fed," El-Erian told CNBC during a " Squawk Box " interview. "There's no reason the U.S. economy should go into recession other than a Fed policy mistake." On top of that, traders repriced their expectations for rate hikes ahead. El-Erian said much of the economic anxiety can be laid at the feet of Fed officials, who he said should have held to their more aggressive hikes rather than the 25 basis point increase approved Feb. 1.

☆ El-Erian says the Fed should go back to raising interest rates more aggressively
▼ + stars: | 2023-03-02 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

The Federal Reserve faces two policy choices when it meets later this month, neither of which is particularly appealing, economist Mohamed El-Erian said Thursday. Markets expect the central bank to hike its benchmark interest rate another 0.25 percentage point when it next meets on March 21-22. But they also are making room for the possibility of a 0.50-point increase, an alternative El-Erian thinks is preferable, though not ideal. "If they are truly data-dependent, then they should go back to 50" basis points, El-Erian said on CNBC's "Squawk Box." A basis point is equal to 0.01 percentage point.

☆ Jim Cramer's Investing Club meeting Wednesday: China, Eli Lilly, P&G
▼ + stars: | 2023-03-01 | by ( Paulina Likos | ) 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. Stay bullish on China Stick with Eli Lilly Watch P & G 1. If investors continue to put their cash in Treasuries and yields rise, P & G stock could come under further pressure. 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 .

☆ Accused Colorado LGBTQ club shooter back in court for preliminary hearing
▼ + stars: | 2023-02-22 | by ( Keith Coffman | ) www.reuters.com time to read: +3 min

One of the men pistol-whipped Aldrich as others pummeled the accused assailant, leaving the suspect with multiple injuries that required hospitalization. Aldrich's lawyers have asserted in court filings that their client identifies as "non-binary" in gender and prefers them/they pronouns. At a previous court hearing, a defense lawyer intimated that Aldrich may have been in the club previously, including on the night of the massacre. El Paso County District Judge Michael McHenry was assigned to preside over the preliminary hearing, which was scheduled to run for three days, according to the court docket. The Q nightclub shooting is not the defendant's first brush with the law.

☆ Citi says buy 3 stocks tied to the consumer for the same reasons we own them
▼ + stars: | 2023-02-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

What Citi thinks Analysts at Citi chose our three Club holdings among their top-rated picks — initiating coverage in U.S. beverages, household and personal care products. STZ YTD mountain Constellation Brands (STZ) YTD performance Citi also said it's time to buy Constellation Brands, the company behind Mexican beers Corona, Modelo and Pacifico. Analysts at Citi have a $265 price target on the stock, which fell slightly lower Friday to just under $227. EL YTD mountain Estee Lauder (EL) YTD performance Citi also estimates "strong topline/margin recovery" from Estee Lauder as China's economy continues to reopen. Buy Estee Lauder."

☆ From 'relief' to 'not too devastated': Why some laid-off workers aren't rushing to find new jobs
▼ + stars: | 2023-02-16 | by ( Jennifer Liu | ) www.cnbc.com time to read: +6 min

That's how some recently laid-off workers view losing their jobs, despite the era of loud layoffs and ever-constant recession fears. She figured she'd be let go from her social media job at Attentive, an e-commerce startup, once her visa expired in April. Calista Tee, 28, plans to use her post-layoff time to build her social media marketing brand on TikTok and beyond. It's since taken off, and in 2022 she matched 80% of her full-time income. Without the security of full-time income, Tee plans to make small tweaks to her spending habits.

☆ Tuesday Morning says it wants to close 265 stores as part of its bankruptcy filing. See if your local store is on the list.
▼ + stars: | 2023-02-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +30 min

Camarillo: Camarillo Village Square, 2450 Las Posas Road, Ste HCamarillo Village Square, 2450 Las Posas Road, Ste H Roseville: Fairway Commons Shopping Center, 5771A Five Star Blvd. San Diego: Pacific Plaza Shopping Center, 1772‐D Garnet AvenuePacific Plaza Shopping Center, 1772‐D Garnet Avenue Woodland Hills: Pride Shopping Center, 22950 Victory Blvd. Winston-Salem: Whitaker Square Shopping Center, 1947 North Pease Haven Road, Space #1947Whitaker Square Shopping Center, 1947 North Pease Haven Road, Space #1947 Matthews: Windsor Square Shopping Center, 9945 E. Independence Blvd. ; Westhill Village Shopping Center, 7525 WestheimerWeslayan Plaza West Shopping Center, 5442‐A Weslayan Street; Westheimer Commons, 12568 Westheimer Rd. ; Westhill Village Shopping Center, 7525 Westheimer El Paso: West Towne Marketplace, 6450 N. Desert Blvd., Ste.

☆ Jim Cramer's Investing Club meeting Monday: Caterpillar, Estee Lauder, Salesforce
▼ + stars: | 2023-02-13 | by ( Paulina Likos | ) 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. (Jim Cramer's Charitable Trust is long CAT, EL & CRM. 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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