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☆ These stocks are Wall Street's favorite picks to win if the Fed pulls off a soft landing
▼ + stars: | 2023-11-19 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Many of the stocks that have stood on Wall Street in November, however, are those that sell nonessential goods and services to consumers. Some 60% of analysts polled by FactSet rate Guess? GES YTD mountain Guess? About 62% of analysts polled by FactSet rate Royal Caribbean a buy, with price targets late last week that implied about 14% upside. RCL YTD mountain Royal Caribbean stock.

Persons: Dorsey Wright, Morningstar, Goldman Sachs, Susan Maklari, Taylor Swift Organizations: Federal Reserve, Dow Jones, Nasdaq, Abercrombie, Fitch, CNBC, Products, FactSet, Royal Caribbean Cruises Ltd, Royal, Port, Marvelous Locations: Caribbean, Royal Caribbean, Port of Miami

This marks their biggest net short in corn since August 2020, and it nearly ties 2016 for the date's most bearish corn view. The move went against expectations for slight fund buying, as most-active CBOT corn futures had drifted fractionally higher for the week. Funds maintained their huge net short in CBOT wheat futures and options, which is the second largest for the time of year after 2016. CONTINUED SELLINGFriday marked several milestones for CBOT grain and oilseed futures, the most significant being a 6.4% dive in CBOT wheat futures, the biggest single-day decline since March 2022. Sept. 1 U.S. soybean stocks were above expectations but similar to the past two years, though soybean futures hit three-month lows on Friday.

Persons: Raquel Cunha, Friday’s, soyoil, Karen Braun, Sonali Paul Organizations: REUTERS, Rights, Funds, U.S . Department of Agriculture, Reuters, Thomson Locations: U.S, Tepexpan, Mexico, Rights NAPERVILLE , Illinois, Chicago, Kansas City, Minneapolis, Kansas

☆ Cruise Stocks Surge, Airlines Fall After Earnings
▼ + stars: | 2023-07-27 | by ( ) www.wsj.com time to read: 1 min

One takeaway from this morning’s round of earnings: Demand for leisure travel is booming, but business travel is still shaky. Royal Caribbean stock jumped nearly 7% after the cruise operator reported second-quarter earnings of $1.82 per share, well above Wall Street expectations of $1.57. Southwest Airlines fell more than 8%, the worst performer in the S&P 500 and on pace for the stock's worst day since 2020. The airline said business travel demand hasn’t yet recovered to prepandemic levels. Delta, American and United shares also edged lower.

Organizations: Royal, Southwest Airlines, United Locations: Royal Caribbean, Norwegian

☆ 8 Starbucks slang terms you'll only know if you work there, according to former baristas
▼ + stars: | 2023-06-30 | by ( Kaila Yu | ) www.businessinsider.com time to read: +5 min

Insider spoke to former Starbucks workers about the slang terms used to do their jobs. Insider spoke to current and former Starbucks employees who shared some slang words only Starbucks workers use — along with their definitions. Bliss shared that at least one or more puppuchino orders came in daily when they worked for the company. Bliss shared an opposing point of view. However, Bliss explained that Starbucks can be a hard place to work and that they were part of unionization efforts.

Persons: that's, barista, —, Kerri Shea, Max Bliss, they'd, John, I've, flack, Shea, Bliss, it's Organizations: Starbucks, Service, PARS Employees, PARS, Partners, Bean Stock Locations: PARS

Production had never exceeded 100 million prior to 2017, though USDA sees the 2024 crop jumping to another new high of 163 million tonnes. Current economics suggest 2024 soybean profitability in Brazil could return to the lower levels of the late 2010s, when the average yearly area expansion was below 3%. Brazilian farmers have been slow to sell the 2023 soy crop amid easing prices, and 2024 may be less exciting. China’s soybean consumption had been rising more than 8% per year in the mid-2010s. Chinese soybean demand: consumption and importsKaren Braun is a market analyst for Reuters.

Persons: Mato, Karen Braun, Matthew Lewis Organizations: U.S . Department of Agriculture, USDA, Reuters, Thomson Locations: NAPERVILLE , Illinois, China, Americas, Brazil, BRAZIL, United States, Argentina, CHINA

The ever-important U.S. corn crop may be most primed for a market miss due to an alarmingly low range of guesses. YIELDSAnalysts’ range on U.S. corn yield is a seven-year low and for soybeans it is at least a 13-year low. U.S. farmers did not have a banner corn crop primarily because of drought in western areas. The 2021 corn yield last January was unchanged from November, but otherwise the trade is looking for the smallest January move in corn yield in 14 years. Argentina’s corn crop is seen falling more than 5% to 52 million tonnes from 55 million in December.

☆ Food inflation: Tight grain, oilseed supplies to keep prices elevated
▼ + stars: | 2022-12-13 | by ( Naveen Thukral | ) www.reuters.com time to read: +4 min

"As this stage, it looks highly unlikely, if we look at the global production prospects for cereals and oilseeds." Wheat, corn and palm oil futures have from dropped from record or multi-year highs but prices in the retail market remain elevated and tight supplies are forecast to support prices in 2023. Food imports costs are already on course to hit a near $2 trillion record in 2022, forcing poor countries to cut consumption. Corn and soybeans climbed to their highest in a decade, while Malaysia's benchmark crude palm oil prices climbed to a record high in March. For rice, prices are expected to remain high as long as export duties imposed earlier this year by India, the world's biggest supplier, remain in place, traders said.

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