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Throw in increasingly positive signs from China, and the bulls could be leading the charge on Monday. Beijing's abrupt U-turn has triggered huge waves of infections, but investors hope the reopening will eventually bear economic fruit. Analysts are split on whether this paves the way for the company to revive its IPO plans, or results in further delay. There is little in the way of economic data from Asia on Monday, but the flow accelerates later in the week. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Morning Bid: Relentless
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +1 min

No compromise is forthcoming, either, on Capitol Hill, with 11 failed attempts at installing Kevin McCarthy as House speaker underscoring dysfunction there. The MSCI Asia ex-Japan index (.MIAPJ0000PUS) hit a four-month high on Friday, while Wall Street indexes test recent lows. European inflation data on Friday can set the stage for U.S. jobs data due later in the day as the figures can offer the latest state-of-play for consumer prices and the economy. A bigger-than-expected drop in the speed of German consumer price rises unleashed a bond rally across Europe earlier this week. The U.S. economy likely maintained a solid pace of job and wage growth in December, and that could again stymie bets that an end to rate rises is coming anytime soon.

☆ Apple is coming off a terrible year and Wall Street is torn on whether it's set for more pain or about to skyrocket.
▼ + stars: | 2023-01-05 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

While the meeting minutes don't tell us exactly what the Fed will do next month, generally they are worth paying attention to for hints into the thinking of central bankers. Shares fell further on Tuesday and Wednesday after a Nikkei report said demand for MacBooks, AirPods, and Apple Watches is weakening. But Loup Funds' Gene Munster said Apple stock should be worth double its current value, given that it's one of the world's greatest companies. What's your outlook for Apple stock this year? This hedge fund manager has returned 163% over the last year, and he's anticipating more pain to come for stocks.

Funds had already increased their combined position by 44 million barrels over the seven days ending on Dec. 20, according to data from regulators and exchanges. The late surge of purchasing reverses some of the 236 million barrels of sales reported over the previous five weeks. Crude positions had risen to 331 million barrels (14th percentile) up from a low of 253 million (5th percentile) on Dec. 13. The difference between bullish and bearish investors is essentially about timing of the oil market cycle. Related columns:- Hedge fund oil sales slow as balance of risks shifts (Reuters, Dec. 19)- Investors abandon bullish oil positions as recession nears (Reuters, Dec. 12)- Oil prices slump as receding price-cap threat unmasks worsening demand (Reuters, Dec. 8)John Kemp is a Reuters market analyst.

☆ Solana's slide accelerates — $50 billion in value wiped from the cryptocurrency in 2022
▼ + stars: | 2022-12-30 | by ( Rohan Goswami | ) www.cnbc.com time to read: +4 min

The token's market cap collapsed from over $55 billion in January to barely above $3 billion at year-end. Bankman-Fried's companies held nearly $1.2 billion worth of the token and associated assets in June, according to documents reviewed by CoinDesk. But the recent slides came after that news had already broken, making Solana's recent slide something of a mystery. During the crypto market's heyday in 2021, Bankman-Fried was hardly alone in his bullishness. Solana's token fell from $141 to a low of a little over $94.

☆ Meta is a 'top recession stock' for 2023, analysts say, after shares tanked 65% this year
▼ + stars: | 2022-12-22 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Wall Street analysts are bullish on Meta Platforms for 2023 after shares in the company nosedived by more than 65% this year. The decline is the largest among mega-cap stocks, with many analysts saying shares in the company have fallen too far. As a result, while the stock has since risen by about 16%, it remains down by more than 65% this year. Bank of America Bank of America analysts have also become bullish on Meta's shares after the company announced its cost-cutting measures. The analysts have called Meta a "top recession stock" and expect shares to rise by 19% to $136 next year if Facebook's parent can keep costs to a minimum through the recession.

☆ Tesla's cratering share price goes beyond Musk's preoccupation with Twitter. The entire EV market is slowing down.
▼ + stars: | 2022-12-22 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Tesla's share price has been cut in half and a distracted CEO isn't the only issue. The wider EV market is facing a tough mix of challenges. At the time of writing, its share price sits at $126.31, down 60% since the beginning of the year. Tesla's woes are symptomatic of wider issues plaguing the EV market. Tesla's stock market value slid below ExxonMobil this week for the first time since 2020, falling to $435 billion on Tuesday-compared with the oil and gas company's $439 billion market value, according to the Financial Times.

☆ I generally tend to be bullish on a 3- to 5-year horizon for cloud spending, says Battery Ventures' Thakker
▼ + stars: | 2022-12-16 | 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 EmailI generally tend to be bullish on a 3- to 5-year horizon for cloud spending, says Battery Ventures' ThakkerDharmesh Thakker, Battery Ventures general partner, joins 'TechCheck' to discuss tech M&A targets, short-term bullishness for cloud spending and the persistence of a digital transformation despite macro conditions.

☆ Morgan Stanley says the market is underestimating these 9 travel and leisure stocks for 2023 as the industry enters a 'Goldilocks' year with surging demand
▼ + stars: | 2022-12-15 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

But they will see more normalcy in 2023, Morgan Stanley says. But in 2023, things will get back to normal, Morgan Stanley analysts say, and investors are undervaluing stocks in the airline and hotel subsectors. The bank said the industries will be boosted by continued demand growth in business travel, and bigger travel budgets than existed in 2019. Below is data from a Morgan Stanley survey on corporate travel showing budget expectations for next year compared to 2019. Morgan StanleyThe analysts also expect Boeing, which manufactures airplanes, to benefit from increased flying demand.

☆ Investors are putting too much faith in China's reopening as sick workers will drag on the economy, Saxo strategist says
▼ + stars: | 2022-12-15 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Investors shouldn't count on China's reopening to run smoothly, a Saxo Markets strategist has warned. Beijing pivoted away from its zero-COVID strategy last month, fueling hopes of an economic rebound. But workers calling in sick could drag on economic activity, Charu Chanana said. Workers calling in sick would likely weigh on economic activity by driving down production levels. Read more: Expect Chinese stocks to rally hard now that Beijing has set a 'clear path' to reopening, Morgan Stanley says

☆ The stock market will jump 18% in 2023 as this year's crises become next year's opportunities and the economy heads for a soft landing, Fundstrat's Tom Lee says
▼ + stars: | 2022-12-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market will rally 18% in 2023 as the economy sticks a soft landing, Fundstrat's Tom Lee said. Fundstrat's 2023 outlook for the S&P 500 to end the year at 4,750 is the most bullish forecast on Wall Street. Lee set a 2023 year-end price target of 4,750 for the S&P 500, representing the most bullish forecast on Wall Street so far. That hasn't happened in over two decades, as Wall Street strategists typically forecasts a 10% gain in the year-ahead. Therefore, Lee ultimately expects S&P 500 earnings per share to "grow modestly" in 2023 to $250, from an estimated $220 in 2022.

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☆ JPMorgan thinks emerging markets will be the star next year, returning 14%. How to play it
▼ + stars: | 2022-12-08 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

Emerging markets could be a big winner for investors next year, even though a global economic slowdown seems likely, according to JPMorgan. Chief global markets strategist Marko Kolanovic said in a note to clients on Thursday that emerging markets could rally next year even as major economies slow, as markets look ahead to the next economic rebound. The iShares MSCI China ETF (MCHI) is the biggest, at roughly $8 billion of assets under management. The iShares MSCI Brazil ETF (EWZ) has already outperformed the U.S. market this year, rising more than 13% on a total return basis. Another area of emerging markets that could rally next year is technology, due in part to the "expected peaking of US rates and forecasted bottom in tech sub-sectors especially memory," JPMorgan said.

☆ What increasing confidence in Biogen's latest Alzheimer's drug means for Eli Lilly
▼ + stars: | 2022-11-30 | by ( ) www.cnbc.com time to read: +6 min

Donanemab is the name of Eli Lilly's Alzheimer's drug in its own late-stage trials. JPMorgan has a neutral (hold) rating on Biogen shares and an overweight (buy) rating on Eli Lilly shares. What it means for Eli Lilly Eli Lilly has a phase three trial underway for its donanemab Alzheimer's drug that is similar to lecanemab, which is why the Biogen-Eisai data has been interpreted as favorable for the Club holding. Clumps of the protein, known as amyloid plaques, are one of the key markers of Alzheimer's disease. Previous drugs developed around the a-beta hypothesis — including those from Eli Lilly — have failed to meaningfully delay the disease's progression.

Sales over the two most recent weeks totalled 149 million barrels, the fastest rate since early March, in the immediate aftermath of Russia’s invasion of Ukraine. Similar to the week before, last week’s selling was concentrated in crude (-89 million barrels), specifically in Brent (-71 million barrels). Two-week crude sales totalled 137 million barrels, with Brent totalling 100 million barrels, according to position records published by ICE Futures Europe and the U.S. Commodity Futures Trading Commission. The number of crude positions, WTI as well as Brent, fell to just 306 million barrels (9th percentile for all weeks since 2013) down from 443 million barrels (40th percentile) on Nov. 8. The ratio of bullish long positions to bearish short ones fell to 3.28:1 (27th percentile) from 5.36:1 (62nd percentile) two weeks earlier.

☆ Ark Invest's Cathie Wood is betting on Elon Musk's plans for Twitter: 'If anyone in the US can do this, I think he can'
▼ + stars: | 2022-11-24 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Cathie Wood championed Elon Musk as Twitter's CEO and endorsed his plans for the company. "If anyone in the US can do this, I think he can," the Ark Invest CEO and tech-stock guru said. Wood welcomed Musk's plan to make Twitter's algorithm more transparent and move away from human moderators. His plans are much needed according to Wood, who said Twitter "needed to be shaken up." As well as being a Musk fan, Wood is a longtime Tesla bull.

☆ Cathie Wood still sees bitcoin hitting $1 million by 2030 as the current crisis will have the token 'coming out of this smelling like a rose'
▼ + stars: | 2022-11-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Cathie Wood reiterated her forecast of bitcoin hitting $1 million by 2030 in a Bloomberg interview Tuesday. "Sometimes you need to battle test, you need to go through crises... to see the survivors." "Sometimes you need to battle test, you need to go through crises... to see the survivors," she said. "We think bitcoin is coming out of this smelling like a rose," she maintained. Similar to bitcoin, ether — the second largest crypto by market cap, behind bitcoin — has shed nearly 70% of its value year to date.

☆ Bitcoin bounces off 2-year low with 5% rally even as traders remain cautious after FTX collapse
▼ + stars: | 2022-11-23 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

The crypto market has been battered this year, with more than $2 trillion wiped off its value since its peak in Nov. 2021. Cryptocurrencies have been under pressure after the collapse of major exchange FTX. Bitcoin jumped higher on Wednesday bouncing off the previous day's two-year low, even as traders remain cautious over the possible contagion from the collapse of cryptocurrency exchange FTX. The world's largest digital currency rose more than 5% to trade at $16,497.19 at around 3:34 a.m. Markets remain on edge after the fall of FTX, a once $32 billion empire which was one of the world's largest cryptocurrency exchanges.

☆ Billionaire bitcoin bull Mike Novogratz says crypto should and will be regulated and the FTX disaster has created a 'deficit of trust' in the whole industry
▼ + stars: | 2022-11-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The FTX disaster has created a "deficit of trust" in crypto, according to bitcoin bull Mike Novogratz. The industry should and will get regulated he said, pointing to the fallout of Sam Bankman-Fried's crypto exchange. But while investors are being rocked by this bout of volatility, crypto isn't going anywhere, he told CNBC. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. And so in no world is bitcoin is going away, or quite frankly, the blockchain and Ethereum and everything else," he said.

☆ Markets wary about 2023 investment in China, says Grow Investment Group's Hao Hong
▼ + stars: | 2022-11-21 | 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 EmailMarkets wary about 2023 investment in China, says Grow Investment Group's Hao HongHao Hong, Grow Investment Group chief economist, joins 'TechCheck' to discuss investor bullishness toward Chinese stocks, observations about the fundamentals for Chinese tech companies and China's weak export and retail sales growth.

☆ U.S. export restrictions of powerful chips to China hurt now, but should prove bullish long term
▼ + stars: | 2022-11-21 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

The advanced chips are what we want to focus on as those represent the big risk to the current world order should they fall into the wrong hands. As a result, it is simply too risky to allow China to continually gain an increasing controlling position over the semiconductor manufacturing process. For this reason, we think that as painful as it may be in the near term, the U.S. isn't wrong to block advancement in China. Lastly, don't forget, thanks to the latest restrictions, U.S. citizens risk losing their citizenship should they choose to help China pursue its advanced chip production goals. Along with these defensive actions, we are pleased to see more domestic support for the semiconductor industry.

☆ Chipmaker Astera Labs valued at over $3 bln after latest fundraise
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +1 min

Nov 17 (Reuters) - Chipmaker Astera Labs said on Thursday it was valued at $3.15 billion following a late-stage funding round led by Fidelity Management & Research, signaling investors' bullishness on the semiconductor sector. The company raised $150 million in the latest round amid upbeat long-term outlook for chips, especially as growth in artificial intelligence, Internet of Things and machine learning segments booms. Berkshire Hathaway (BRKa.N), which typically stays away from big technology wagers, said earlier this week it had bought more than $4.1 billion in TSMC stock. Existing investors, including Atreides Management, Intel Capital and Sutter Hill Ventures also participated in the funding round. Reporting by Mehnaz Yasmin in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Star quarterback and FTX investor Tom Brady just changed his Twitter profile photo from the Bitcoin laser eyes meme, signaling the end of an era for crypto
▼ + stars: | 2022-11-14 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

Tom Brady just signaled the end of an era for crypto with a quiet change of his Twitter profile photo. Brady switched his profile photo from the "laser eyes" meme, which symbolized bullishness in Bitcoin. Social media profiles with "laser eyes" grew in popularity among cryptocurrency believers last year as a way for them to symbolically show bullishness in crypto, particularly in Bitcoin. Bitcoin is currently trading at $16,000, its lowest level in two years, and most original laser eye photos have now disappeared from Twitter. Brady was one of the final holdouts with a "laser eyes" photo; many noteworthy people quietly switched away from the meme as cryptocurrency prices crashed this year.

☆ Stock market rally will be put to test in week ahead, after yields fall and tech surges
▼ + stars: | 2022-11-11 | by ( Patti Domm | In | ) www.cnbc.com time to read: +10 min

This week, bond yields also came off their highs and were sharply lower, paving the way for gains in tech and growth shares. They include Fed Vice Chair Lael Brainard, New York Fed President John Williams and Minneapolis Fed President Neel Kashkari to name a few. Hogan said that group includes Bullard, Brainard and San Francisco Fed President Mary Daly. Many strategists are calling the move higher a bear market rally, and some expect it will fizzle in December while others say it could continue into the new year. Friday Earnings: JD.com, Foot Locker, Buckle 8:40 a.m. Boston Fed President Susan Collins 10:00 a.m.

☆ This chart shows S&P 500 rally could resume if inflation has peaked
▼ + stars: | 2022-11-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

If inflation has peaked, then U.S. stocks have bottomed, according to strategists at Clocktower Group —and that's exactly what they think has happened. They then looked at the average S & P 500 return following peaks in the CPI since 1934, and found that the broad-market index rises. Economists also predict core CPI, which excludes volatile food and energy prices, to gain 0.5% month over month. Inflation figures came in hotter than expected for September , with CPI rising 0.4% month over month —more than the 0.3% Dow Jones estimate. While Clocktower strategists believe the bottom is in, they are urging caution right now.

☆ Jeremy Grantham's firm says it's time to buy into small cap stocks. Here are the themes and companies GMO is most bullish on.
▼ + stars: | 2022-11-01 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

Jeremy Grantham's firm GMO just launched a fund targeting "quality" small-cap stocks. Growing fears about a recession weren't enough to stop small cap stocks from having a great month in October. But small caps seem to have some momentum behind them despite rising interest rates and signs of a slowing economy. They say that quality small caps have outperformed small caps in general by 1.8% a year since 1976, and they've beaten a mix of small-, medium-, and large-caps by 2.8% a year in that time. That's a challenge for any investor, but they say it's harder with smaller companies because their competitive edges fade faster.

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