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Subramanian said investors should buy defensive stocks so they can "sleep at night." According to Bank of America strategist Savita Subramanian, investors should "get used to the volatility." AdvertisementTo combat expectations of continued volatility, Subramanian said investors should buy defensive stocks that would allow them to "sleep at night." "The best hedge is owning high quality stocks," Subramanian said of combating market volatility. Most of these defensive stocks are found in defensive sectors, which include consumer staples, healthcare, real estate, and utilities.
Persons: Savita Subramanian, Subramanian, , They're, Stocks Organizations: . Bank of America, Service, Bank of America, Procter, Gamble, Kroger, PepsiCo, Walmart, Utilities, Investors, Consolidated Edison, Alliant Energy, CMS Energy, Healthcare, Quest Diagnostics, Essex Property Trust, Digital Realty Trust Locations: Essex
NextEra Energy is considering restarting a nuclear plant in Iowa as demand for carbon-free energy grows amid a historic surge in electricity consumption. The Duane Arnold Energy Center in Palo, Iowa ceased operations in 2020 after 45 years of service. "There would be opportunities and a lot of demand from the market if we were able to do something with Duane Arnold," Ketchum said on NextEra's second-quarter earnings call Wednesday. The Duane Arnold plant was scheduled for retirement in late 2020 after a key customer, Alliant Energy, sought cheaper energy alternatives. Nuclear energy fell out of favor over the past decade as plants struggled to compete with cheaper energy sources such as natural gas and renewables.
Persons: Duane Arnold, John Ketchum, Ketchum Organizations: NextEra Energy, Duane Arnold Energy Center, Alliant Energy, Congressional Research Service Locations: Iowa, Palo , Iowa, Japan, U.S
Piper Sandler upgrades Skechers to overweight from neutral Piper said in its upgrade of the stock that it likes its balance sheet. Goldman Sachs reiterates Tesla as neutral Goldman cut its estimates on the stock and says it sees pricing heading lower. Mizuho upgrades DoorDash to buy from neutral Mizuho said in its upgrade of DoorDash that it's deserving of a re-rating. Wedbush upgrades Carvana to neutral from underperform Wedbush said in its upgrade of the stock that it sees profitability upside. Raymond James initiates Disney as outperform Raymond James said in its initiation of Disney that the stock is compelling.
Persons: TD Cowen, TENB, Piper Sandler, Piper, Goldman Sachs, Tesla, Goldman, Wells, Wedbush, Evercore, Raymond James, Ralph Lauren, Guggenheim, Morgan Stanley, Atkins, Bernstein, ASGN, underperform Bernstein, it's, YoY Organizations: Tenable Holdings, TAM, Tesla, Apple, Netflix, Northland, Mizuho, HSBC, Deutsche Bank, Micron, Deutsche, Barclays, Alliant Energy, EV, UBS, BioMarin Pharmaceutical, Iridium, NASDAQ, Disney, Bank of America, of America, Nvidia, Nike, NKE's 1Q, PayPal, Moffett Locations: Europe, Wisconsin, Iowa, US, Swedish, 2Q23
The morning after he uploaded his new movie “Froning: The Fittest Man in History” to the iTunes store, in early October 2015, the director Heber Cannon received a phone call from somebody at iTunes, who sounded bewildered. “They called us and said, ‘Who are you guys? What’s going on?’” Cannon said in a recent video interview. But when we dropped the film, it was like wildfire.”Cannon and his creative partner Marston Sawyers, who work together under the name Buttery Bros, followed up “Froning” with a string of documentaries about athletes performing at the CrossFit Games. The films, which include “Fittest on Earth” (2016), “Fittest on Earth: A Decade of Fitness” (2017) and “The Redeemed and the Dominant: Fittest on Earth,” (2018), depict the Games in all their arduous, sweat-soaked agony, focusing on every explosive muscle-up and hefty snatch.
Persons: Heber Cannon, , , Rich Froning Jr, Cannon, Melissa McCarthy, they’d, , ” Cannon, Marston Sawyers, Buttery Organizations: iTunes, CrossFit Inc, U.S, CrossFit, Alliant Energy Locations: , Madison, Wis
Morning Bid: Hike and hold, bank angst and Apple
  + stars: | 2023-05-04 | by ( ) www.reuters.com   time to read: +5 min
As the Fed delivered what markets assume will be the last rate hike of a brutal 13-month, 500-basis-point tightening cycle, further aftershocks from the March bank blowups reverberated in the background. And given they had advance knowledge of next week's quarterly loan survey before Wednesday's rate decision, it suggests the bigger picture they see remains somewhat equivocal. Norway's central bank raised interest rates as expected and signalled more to come. Events to watch for on Thursday:* European Central Bank policy decision, statement and news conference* U.S. first quarter unit labor costs and productivity, April layoffs, March trade balance, weekly jobless claims. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Union Pacific — Shares rose 9.5% after the company said CEO Lance Fritz would have a successor named this year. Best Buy — The retailer slipped 1.5% in the premarket after being downgraded to market perform from outperform by Telsey Advisory Group. The Wall Street firm said it expects high inflation and rising interest rates to weigh on Best Buy's 2023 sales and profits. The Omaha-based company used $2.855 billion to buy back shares in the quarter. Alliant Energy — Shares dropped more than 3% after the company reported that it intends to offer $500 million of its convertible senior notes due 2026.
Morning Bid: Blue chips cheered up
  + stars: | 2023-02-23 | by ( ) www.reuters.com   time to read: +5 min
[1/2] The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. Its CEO Jensen Huang said use of its chips to power AI had "gone through the roof in the last 60 days." The Federal Reserve at least seems keen on the higher-for-longer message that's shaken world stock and bond markets this week. And as the minutes pre-date red-hot jobs and retail data for January, the message from Fed officials is probably even sterner now. A Reuters poll of equity analysts showed global stock markets are expected to correct in the next three months.
Morning Bid: Polls and prices
  + stars: | 2022-11-07 | by ( ) www.reuters.com   time to read: +4 min
A look at the day ahead in U.S. and global markets from Mike Dolan. Chinese stocks continued last week's tentative recovery, however, despite officials throwing cold water on any early end to draconian COVID lockdown policies. Some correction of the market's severe underperformance this year was about the only cogent reason given for the ongoing stock bounce. European Central Bank President Christine Lagarde and ECB board member Fabio Panetta both speak. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Members of Congress regularly make stock trades and are required to disclose them. Here's Insider's compilation of the most recent stock trades lawmakers disclosed. Her stock sales include the American Express Company, Booz Allen Hamilton Holding Corporation, consumer credit reporting agency Equifax Inc., and oil company Hess Corporation. Dingell this month also sold up to $50,000 worth of stock in the parent company of department store Macy's. These disclosures, which include a range of information about members' income, assets, debt, and financial trades, were originally due May 17.
They've rubbed up against an adversary of enormous scale: A $12 billion utility that began deploying smart meters in 2017 that communicate using radio waves. AdvertisementFor the power company, smart meters are the future, offering big savings and granular info about energy use. For one, smart meters save utilities a ton of cash, since they get rid of the need for manual readings. "I would have never put an investment in if I had known that it would require smart meters and what smart meters do." Monsanto isn't selling smart meters, but there is a big company on the other end that stands to gain.
Persons: Lewis Weiss, Weiss, We're, They've, that's, Santiago Jose Sanchez, Fairfield, Parsons, Mahesh Yogi, Oprah, David Lynch, Russell Brand, meditators, I'd, Maharishi, Jon Lipman, Lipman, Randy Bauer, Bauer, Alliant, Jay Marcus, intervenors, David, Goliath, Lipman —, Marcus, Bill Goldstein, they're, David Carpenter, Fairfield's intervenors, Alliant's, he's, there's Organizations: Power Line, Business, Parsons College, Maharishi International University, Beatles, Maharishi, Energy, Alliant Energy, Iowa Utilities Board, National Toxicology, US Department of Health, Human Services, Food and Drug Administration, Institute for Health, University, Albany who's, AMI, GMOs, Monsanto, FDA Locations: Fairfield , Iowa, Indian, Fairfield, FAIRFIELD , IOWA, New York City, Fairfield ., Iowa, India, Parsons, Des Moines, Alliant, New York, Maharishitower.org
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