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☆ Five defensive stocks to buy now if you think there's recession risk ahead
▼ + stars: | 2023-12-26 | by ( Brian Evans | ) www.cnbc.com time to read: +5 min

CVS YTD mountain CVS stock has fallen 15% from the start of the year. KR YTD mountain Kroger stock has added nearly 2% from the start of the year. AER YTD mountain AerCap stock has rise nearly 28% from the start of 2023. GM YTD mountain General Motors stock has gained 8% in 2023. GPN YTD mountain Global Payments stock has risen 27% year to date.

Persons: Patrick Kaser, Kaser, Kroger, there's, AerCap, Kaser's, Aengus Kelly Organizations: Brandywine Global, CNBC, CNBC Fed Survey, Federal Reserve, CVS, Kroger, Albertsons, KR, Aerospace, Motors, United Auto Workers, UBS, GM, General Motors, Global Locations: Brandywine, U.S, Walmart's heft

☆ Analysis: Wall Street's 'Magnificent Seven' face moment of truth as earnings season arrives
▼ + stars: | 2023-10-19 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

Valuations have swelled, with the Magnificent Seven trading at an average forward price-to-earnings ratio of 33.5, compared with the S&P 500's P/E of 18.3. “Everybody knows these guys are going to make money," said Sameer Samana, senior global market strategist at the Wells Fargo Investment Institute (WFII), referring to the Magnificent Seven. "The reallocation of funds going forward is going to suggest lower returns and more difficulty for the Magnificent Seven to maintain their leadership." The seven companies' combined market capitalization topped 30% of the S&P 500's overall market value earlier this month, according to LSEG Datastream. Some investors are also drawing distinctions among the seven stocks.

Persons: Aly, Tesla, Sameer Samana, Tajinder Dhillon, Tim Pagliara, CapWealth, Pagliara, Elon Musk, LSEG Datastream, Torsten Slok, Patrick Kaser, Kaser, Lewis Krauskopf, Ira Iosebashvili, Jonathan Oatis Organizations: Apple, REUTERS, Microsoft, Nvidia, U.S, Tesla, Wells, Investment Institute, Google, Facebook, Federal, Treasury, “, Global, Apollo Global Management, Brandywine Global, Thomson Locations: Shanghai, China, Apple

☆ Auto companies could sacrifice stock buybacks to help pay for union demands, analyst says
▼ + stars: | 2023-10-03 | by ( Aruni Soni | ) www.businessinsider.com time to read: +4 min

Auto companies could forgo stock buybacks to pay for the costly union demands, an analyst said. Strikers have pointed out the billions of dollars companies have poured towards buybacks and dividends. Some investors have expressed willingness to sacrifice stock repurchases. Some investors seem ready to sacrifice stock buybacks. "That translates to a couple billion dollars per week of sales, $2 [billion] to $3 billion dollars, potentially.

Persons: —, Ford, Edward Jones, Jeff Windau, Brian Mulberry, Patrick Kaser, Stellantis, Patrick Anderson Organizations: Auto, Strikers, Service, Big Three, SEC, GM, Bloomberg, Stock, UAW, Zacks Investment Management, Ford, Brandywine Global, General Motors, Anderson Economic Group, Anderson Economic Locations: buybacks

The prospect of higher rates put particular pressure on growth stocks with the S&P 500 growth index (.IGX) underperforming the benchmark throughout the session. "Growth stocks have been pricing in the idea that inflation has been well anchored and that the Fed's going to cut. The S&P 500 showed little reaction to the Fed's "Beige Book" snapshot of the U.S. economy a week ahead of the keenly awaited August inflation data and the Fed's rate decision on Sept. 20. The report showed "modest" U.S. economic growth in recent weeks while job growth was "subdued," and inflation slowed in most parts of the country. The S&P 500 posted six new 52-week highs and 25 new lows; the Nasdaq Composite recorded 34 new highs and 174 new lows.

Persons: Lockheed Martin, Carol Schleif, Schleif, Susan Collins, Patrick Kaser, Mike Segar, advancers, Sinéad Carew, Shristi, Vinay Dwivedi, Richard Chang Organizations: Dow, Nasdaq, Institute for Supply Management, Traders, Federal Reserve, Boston, Equity, Brandywine Global, Apple Inc, Wall, New York Stock Exchange, REUTERS, Dow Jones, Energy, Lockheed, NYSE, Thomson Locations: China, Minneapolis, Manhattan, New York City , New York, U.S, New York, Bengaluru

Apple Inc (AAPL.O) rose 0.7% to an all-time high, while Amazon (AMZN.O), Alphabet (GOOGL.O) and Tesla (TSLA.O) rose between 1.1% and 3.2%. The S&P banks index (.SPXBK) slipped 0.5% ahead of the results due after markets close on Wednesday. Advancing issues outnumbered decliners by a 1.01-to-1 ratio on the NYSE and a 1.07-to-1 ratio on the Nasdaq. The S&P index recorded 36 new 52-week highs and six new lows, while the Nasdaq recorded 50 new highs and 79 new lows. Reporting by Sruthi Shankar and Johann M Cherian in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Dow, Michael Green, Jerome Powell, Patrick Kaser, Oppenheimer, Mills, Sruthi Shankar, Johann M, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Nasdaq, Apple, Microsoft, Federal, Apple Inc, Management, Nvidia, Wall Street Journal, Central Bank, U.S, Brandywine, Traders, Dow Jones, Bank, Netflix Inc, NYSE, Thomson Locations: New York City, U.S, United States, China, bank's, Bengaluru

☆ Analysis: Bearish fundamentals, buoyant charts complicate outlook for US stocks
▼ + stars: | 2023-04-21 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

Technical indicators such as equity price movement largely show stocks are poised to continue a rally that has seen the S&P 500 climb 8% year-to-date, analysts who track them said. TECHNICALLY SPEAKINGThe S&P 500 (.SPX) has traded in a 9.7 percentage point range year-to-date, its narrowest range for comparable periods since 2017. Johnson, who has a year-end S&P 500 target of 4,625, is encouraged by the reversals in downtrends for many U.S. stock indexes. The S&P 500 has traded higher 83% of the time for the full year, returning an average 13.73%, when it hasn't dropped below the preceding year’s December low in the first quarter, a Piper Sandler analysis showed. The S&P 500 is trading at about 18 times 12-month forward earnings estimates compared to its long-term average P/E of 15.6 times, according to Refinitiv Datastream.

☆ Premarket stocks: These are the only stocks that matter right now
▼ + stars: | 2023-04-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Leading the way in growth are tech stocks like Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Tesla (TSLA) and Meta (FB). That’s been a boon to large cap tech stocks that are more sensitive to interest rates because they tend to borrow more than established companies and rely more on the prospect of future earnings. But it also means that the current market rally is thin, as the major indexes outperform the average stock. Strong outperformance from the largest stocks often power indexes to rise, said Liz Ann Sonders, chief investment strategist at Schwab, in a note Tuesday. But healthy markets should be characterized by greater participation of the “soldiers” — the rest of the stocks, she said.

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