DIRS.INFO The most relevant business & tech news

☆ Tesla stock is having a dominant start to 2023 and retail investors are loving it
▼ + stars: | 2023-02-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Not that Elon Musk really needs more attention, but his company's stock warrants a look for a very successful six-week stretch. Last year, Tesla drew headlines for its roughly 65% stock decline. Bank of America strategists have forecasted that the move can ultimately boost sales volume, and Wedbush gave Tesla stock a 35% upside. And according to Vanda Research, retail investors' bullishness for Tesla is driving a FOMO Tesla trade that has pushed inflows from the cohort into the stock market at levels not seen since 2020. Alibaba stock price on Feb.10, 2023 Markets Insider10.

☆ Why top Wall Street investors say there's never been a better time to invest your money overseas — and where they say the 7 best opportunities are
▼ + stars: | 2023-02-08 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

But when US stocks deliver low annualized returns over a 10-year period, international stocks almost always deliver better performance. They included: global value vs. growth; emerging value equities; Japanese small value; and European small value. Among those, Inker and GMO are plugging the most money into global value and emerging market value stocks. Perfect timing would have seen investors hold their fire in emerging markets in 2001-02 to hit the very bottom. "Emerging-markets value, international value represent bargains.

☆ The stock market has runway to continue its rally until April - and then investors should expect to feel the pain of weak corporate earnings, veteran strategist says
▼ + stars: | 2023-02-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Stocks will continue their rally until April - and then start feeling the pain of weak corporate earnings, Joe Terranova said. The veteran market strategist warned of the lagged effect of Fed rate hikes. "I think the market has a runway though leading up to the next earnings report." "I don't view the Federal Reserve right now as the adversary of the market," Terranova said, though he warned investors weren't completely in the clear. "The first half of the year is going to be better than the second half of the year," Terranova warned.

☆ Worried about Alibaba’s share price slump? Analysts name 4 alternatives in China tech
▼ + stars: | 2023-02-02 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

No Chinese tech stock has generated as much excitement as Alibaba , one of the most recognizable names in the Chinese internet sector. More than 76% of analysts covering the stock rate it a "buy," giving it average upside of 31%, according to FactSet data. Kuaishou is rated buy or overweight by 94% of analysts covering the stock, who give it average upside of around 24.4%. It is rated buy by 88% of analysts covering it, and has average upside of 37.7%, according to FactSet data. Rounding off the list is food delivery giant Meituan , with average upside of 32.5%.

☆ Tesla's bitcoin holdings fell nearly $1.8 billion in value last year, as Elon Musk called crypto a 'sideshow'
▼ + stars: | 2023-02-02 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

The value of Tesla's bitcoin holdings fell nearly $1.8 billion last year, a company filing showed. CEO Elon Musk distanced himself from crypto last year, calling it a "sideshow to the sideshow." But 2022 saw a bloodbath for the vast majority of crypto assets, after a bull rally through most of 2021 where prices peaked. "We're neither here nor there on cryptocurrency," Musk told investors. The value of bitcoin has risen more than 40% through 2023 in a sign of returning bullishness for riskier assets after a dour 2022.

☆ Jeremy Grantham's right-hand man Ben Inker shares 5 trades to start making now for the best returns and smallest downside risk in the cheapest parts of the market
▼ + stars: | 2023-02-02 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

They include:Global Value vs. GrowthEmerging Value EquitiesJapanese Small ValueEuropean Small ValueResource StocksGlobal value and emerging market value stocks carry the most weight in the strategy among these five factors at 20% and 16%, respectively. In fact, he and his firm think some broader equity indices like the S&P 500 may still have big downside. the S&P 500) will deliver negative returns over the next seven-year period. "When markets did decisively turn in 2003 and the S&P 500 gained a gratifying 28.7%, Emerging rose a stunning 55.8%. Perfect timing would have seen investors hold their fire in emerging markets in 2001-02 to hit the very bottom.

☆ Tesla is the one stock ARK Invest's Cathie Wood says she would hold for 10 years
▼ + stars: | 2023-02-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

If Cathie Wood had to hold one stock for the next decade, it would be Tesla, she said in an interview. Wood has been snapping up Tesla stock since shares of the EV maker closed out a dismal year in 2022. She estimates the stock will soar to $1,500 a share over the next five years, marking a 675% increase. In a recent Twitter Spaces interview with Cardone Capital, the famed money manager professed her bullishness for Tesla stock, which is the largest holding in her flagship ARK Innovation ETF. Wood anticipates Tesla stock reaching $1,500 a share over the next five years, implying a 675% increase from current levels.

☆ Cathie Wood's Ark Invest says bitcoin could hit $1.5 million by 2030, doubling down on its bullishness for the world's largest cryptocurrency
▼ + stars: | 2023-02-01 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

Ark Invest said bitcoin could hit nearly $1.5 million by 2030, a 6,326% increase from its current price. The famed money manager predicted bitcoin will scale unto a "multi-trillion dollar market," per a recent report. The bullish estimates come amid a severe and lengthy crypto market rut. Bitcoin is down 65% from its all-time high in November 2021, with the industry's total market value off over 64% from its peak. Since the start of the year, Ark's flagship exchange-traded fund, ARKK, bought 108,548 Coinbase shares, worth $6.3 million at its current price.

☆ Wall Street is bullish on Europe — but analysts warn investors to avoid these 5 stocks
▼ + stars: | 2023-02-01 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

And Wall Street is calling Europe a better bet than the U.S. right now . "The region also remains cheap and under-owned unlike the U.S." Amid this bullishness on Europe, however, a number of investment banks have named stocks in the region they think investors should avoid. Underweight stocks One such stock is Danish shipping firm Maersk , which is on Barclays' list of underweight stock calls for the first quarter of 2023. Barclays' price target of 140 Swedish krona ($13.50) on the stock suggests the stock has potential downside of almost 25% to its Jan. 30 closing price. The bank has ascribed a price target of 145 Swedish Krona on the stock, which implies potential downside of 30%.

☆ Elon Musk is gung-ho on Tesla sales hitting 2 million after price cuts, but a Wedbush analyst says it's having to 'sacrifice margins for volumes'
▼ + stars: | 2023-01-26 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Elon Musk said he expects Tesla sales to hit 2 million this year, following the company's aggressive price cuts. Still, the firm saw a drop in vehicle gross margins, showing it is having to "sacrifice margins for volume," a Wedbush analyst said. In an earnings call with analysts, Musk said he expects car deliveries to hit 2 million this year, per Reuters. That shows the company is enduring an erosion of margins in order to prop up sales volumes, according to Dan Ives, an analyst with Wedbush Securities. "They're ultimately needing to sacrifice margins for volume.

☆ Don't rule out further inflation surprises yet, and here are 3 ways for investors to predict them, Goldman Sachs says
▼ + stars: | 2023-01-25 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

Inflation is beginning to moderate in developed markets, but potential data surprises remain a risk to investors. Goldman Sachs suggests three areas that investors can watch in order to help predict these inflation surprises. Commodity prices, currency movements, and regional inflation figures are key areas to look for future surprises. But, according to Goldman Sachs, surprises still abound and can shock markets if too much bullishness is priced in. "The significant slowdown in global headline and core inflation that we anticipate in 2023 will likely eventually lower market sensitivity to inflation surprises," Goldman analysts wrote.

☆ Credit Suisse's stock chief says investors are piling into all the wrong sectors as they anticipate a recession that won't come. He shares 3 areas of the market will deliver the best returns instead.
▼ + stars: | 2023-01-25 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

As such, the Credit Suisse stock chief thinks investors are looking to the wrong sectors for returns. The consumer discretionary, industrials, and energy sectors are the best places to be, he said. 3 places to invest for a non-recessionary scenarioInstead of defensive sectors, three areas of the market Golub is overweight on include the consumer discretionary sector, the industrials sector, and the energy sector. When it comes to industrials, Golub said there is a "re-stocking" happening, and that supply chains are easing. The Energy Select Sector SPDR Fund (XLE) is one way to gain exposure to the energy sector.

Ongoing drought in Argentina also enticed fund buying last week in corn, soybeans and soybean meal, forcing another managed money record in the latter. Money managers' extension of net longs in CBOT corn, soybeans and meal in the week ended Jan. 17 was the result of new gross longs, which were especially numerous in corn and beans. Managed money net position in CBOT soybean futures and optionsOpen interest in CBOT corn futures and options is at 13-year lows for the time of year after hovering a bit below average during mid-to-late 2022. Through Jan. 17, money managers boosted their net long in CBOT corn futures and options to 192,137 contracts from 149,605 a week earlier. In the last three sessions, most-active CBOT soybean futures fell 2.2%, corn fell 1.3% and soymeal shed 3.6%.

☆ Bullish analyst note gives troubled chipmakers a much needed boost. Here's our view
▼ + stars: | 2023-01-23 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

In the back half of 2023, analysts expect an acceleration in capex spending in both the U.S., "and potentially in China." Also supportive of AMD shares, the analysts believe that the PC inventory glut should bottom out in the current quarter. QCOM YTD mountain Qualcomm (QCOM) YTD peformance One key driver of end market improvement is headwinds in China turning to tailwinds in the second half of the year. We continue to hold that view and note again that much of the Barclays analysts' optimism is predicated on their second-half 2023 view. (Jim Cramer's Charitable Trust is long QCOM, AMD, NVDA, EMR, CAT.

The wave of buying was led by crude (+78 million barrels), especially Brent (+55 million), with smaller buying in NYMEX and ICE WTI (+23 million). The increase in investors’ Brent positions was the largest since August 2018 and the sixth-largest out of 514 weeks since the time series began in 2013. Chartbook: Investors' oil positionsThe sudden turn around seems to have been driven by a combination of low initial positioning and a sudden increase in confidence about the outlook for the global economy and oil consumption. Ironically, the biggest risk to the economy and oil consumption is that the economic revival rekindles inflationary pressures and forces the major central banks to persist in raising interest rates longer and higher. Related columns:- Bullishness on oil ebbs at start of 2023 (Reuters, Jan. 16)- Hedge fund petroleum buying paused over year end (Reuters, Jan. 9)- Bullish oil investors look beyond China's COVID wave (Reuters, Jan. 3)- Investors abandon bullish oil positions as recession nears (Reuters, Dec. 12)John Kemp is a Reuters market analyst.

☆ Stock market faces collision of bullish and bearish forces, says Tom McClellan
▼ + stars: | 2023-01-20 | 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 EmailStock market faces collision of bullish and bearish forces, says Tom McClellanTom McClellan, of The McClellan Market Report, joins 'Closing Bell Overtime' to offer historical insights into present market activity, signals of market bullishness, and looking at taxes as a percentage of GDP.

☆ Analysis: BOJ bullishness on wages suggests days of super-low rates are numbered
▼ + stars: | 2023-01-19 | by ( Leika Kihara | ) www.reuters.com time to read: +5 min

Kuroda likely put YCC on life support so his successor can strategise an orderly exit, said former BOJ official Nobuyasu Atago. He said the bank could raise the 0.5% yield cap to as high as 1% around mid-year and ditch negative rates by year's end. The parent of casual clothing giant Uniqlo says it will raise wages as much as 40%. "If the BOJ ends negative rates, that would widen the spread between deposit and lending rates so would definitely be positive for us," he said. With YCC creaking under market pressure, the BOJ may not be able to wait too long.

☆ Here are Wednesday's biggest analyst calls: Apple, IBM, Amazon, Tesla, Exxon, Gap, Netflix & more
▼ + stars: | 2023-01-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley upgrades Gap to equal weight from underweight Morgan Stanley said it sees more "upside than downside" for the stock. Morgan Stanley downgrades Skechers to equal weight from overweight Morgan Stanley downgraded the stock on valuation. Morgan Stanley names Apple a top 2023 pick Morgan Stanley said Apple is a "rare best-of-both worlds outperformer." Morgan Stanley names Amazon a top 2023 pick Morgan Stanley said Amazon is operating from a "leading e-commerce profit generating position." Morgan Stanley downgrades IBM to equal weight from overweight Morgan Stanley downgraded IBM and said "late cycle outperformance [has] runs its course."

Organizations: & $

☆ Investors should sell stocks and take profits as the latest rally is set to falter amid surprises from the Fed and weak corporate earnings, JPMorgan says
▼ + stars: | 2023-01-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Investors should sell stocks and take profits as the current market rally is set to fizzle, according to JPMorgan. The bank said stocks will face several curveballs this year thrown by the Fed and weak corporate earnings. "We... are reluctant to chase the past week's rally as recession and overtightening risks remain high," JPMorgan said. Given the risk-reward profile, JPMorgan increased its underweight recommendation for equities and took profits in credit in its model portfolio. While JPMorgan has a bearish view on stocks in the short-term, longer term it still sees the potential for upside.

☆ Davos: No recession after all? Business leaders more hopeful as China reopens
▼ + stars: | 2023-01-17 | by ( Julia Horowitz | ) edition.cnn.com time to read: +4 min

Davos, Switzerland CNN —Bullishness about the global economy has been in short supply among business leaders in recent months, with fears of recession clouding the outlook and restraining investment. That’s thanks in large part to China, whose sudden removal of strict coronavirus restrictions late last year is expected to unleash a wave of spending that may offset economic weakness in the United States and Europe. Near term, China is in the grip of its worst coronavirus outbreak, keeping many people indoors and emptying shops and restaurants in recent weeks. “I’m expecting a solid growth number for China in 2023,” said Kevin Rudd, president of the Asia Society and a former prime minister of Australia. “Maybe we will be surprised also in the first half of the year.”Averting a global recession is not a done deal, however.

[1/2] Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, U.S., March 24, 2016. Hedge funds and other money managers sold the equivalent of 17 million barrels in the six most important petroleum-related futures and options contracts over the seven days ending on Jan. 10. Investors sold a total of 29 million barrels in the two most recent weeks, after purchasing 103 million barrels in the two weeks before, according to position records published by regulators and exchanges. The net position in middle distillates is 60 million barrels (48th percentile) but the net position in crude is just 301 million (9th percentile). Sluggish output growth from U.S. shale producers, sanctions on Russia's oil exports, China's eventual emergence from the coronavirus pandemic and depleted diesel stocks are all contributing to eventual bullishness about prices.

☆ Cramer sees bullish signs starting to emerge in the stock market, just not in the same places as before
▼ + stars: | 2023-01-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

Case in point: Mike Wilson, the genius of 2022, the strategist who was the most negative — and, therefore, the most right. Seven days ago, he predicted the bank earnings, the kick-off, would jolt the market by coming in sharply below expectations. 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.

☆ Top Wall Street analysts like these stocks amid easing inflation
▼ + stars: | 2023-01-15 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

To help the process, here are five stocks chosen by Wall Street's top pros, according to TipRanks, a platform that ranks analysts based on their track records. Hims & HersAnother stock that Feinseth has recently reiterated as a buy is the multi-specialty telehealth company, Hims & Hers (HIMS). Feinseth is confident in HIMS's strong brand equity and customer loyalty, which he expects will continue to drive business performance. BTIG analyst Ryan Zimmerman notes that the company stands to benefit from this space as larger players have mostly overlooked the opportunity. (See OrthoPediatrics Financial Statements on TipRanks) Last week, Zimmerman reiterated his buy rating and $62 price target on KIDS stock.

☆ Major reversal in bank stocks power late-day market comeback — listen to 'The Homestretch'
▼ + stars: | 2023-01-13 | by ( ) www.cnbc.com time to read: +9 min

THAT'S WHAT EVERYBODY IS FOCUSEDON TODAY, THE EXPENSEOPPORTUNITY WITHIN WELLS FARGOAND ALSO THE FACT THAT THEY'LLBE BUYING BACK SHARES THISQUARTER. I WANT TO POINT OUT A MARKET LEDBY THE FINANCIALS HAS ALWAYSBEEN MY FAVORITE KIND OF MARKET. I DON'T KNOW IF HE'LL BE THATRADICAL. I THINK THAT'S REACTION TO LASTYEAR. IF INFLATION COMES DOWN, IF THEFED DOESN'T BECOME AS AGGRESSIVEAS SOME BELIEVE THEY WILL BE, IDON'T THINK THAT'S A REASON TOGO IN AND RUSH IN AND BUY HIGHMULTIPLE STOCKS.

First Abu Dhabi Bank (FAB) (FAB.AD), the $50 billion Gulf lender that the brother of the United Arab Emirates’ president chairs, last week said it had considered a bid for the $23 billion UK-listed bank. Half its revenues come from Hong Kong, China and other Asian countries, where much of Abu Dhabi’s oil goes. StanChart’s commodities trading strength fits with Abu Dhabi’s keenness to become an energy trading hub. CONTEXT NEWSFirst Abu Dhabi Bank (FAB) on Jan. 5 said it had considered a bid for London-listed Standard Chartered but was no longer doing so. The Abu Dhabi lender said it had been in "the very early stages of evaluating a possible offer".

Search resuls for: "bullishness"

25 mentions found