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☆ US stocks are in the firing line if China’s economy stalls further
▼ + stars: | 2023-06-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Recent data shows that China is also contending with worse-than-expected consumer spending, slowing manufacturing and weak home sales. What it means for markets: US-based companies doing business in China stand to lose if the economy continues on a downward trajectory. Qualcomm (QCOM), with a 67% exposure rate to China, issued disappointing forward guidance during earnings last month, citing China’s slow recovery. JD.com (JD), one of the largest Chinese companies trading in the United States, has fallen by nearly 36% this year. The air purifier market is poised to grow as climate change increases air pollution and exacerbates breathing difficulties.

Persons: That’s, China —, Capvision, China Nicholas Burns, ”, Goldman Sachs, Dow, JD.com, Morgan Stanley, Goldman, Ayaz Ebrahim, CARR, Johnson, Ivan Menezes, Diageo, Menezes ’, Menezes, King Charles III, Debra Crew, Johnnie Walker, Ivan, Javier Ferrán, “ Ivan Organizations: CNN Business, Bell, New York CNN, International Monetary Fund, Factories, Bain, Group, Micron Technology, Nasdaq, Apple, Intel, Starbucks, Nike, Bank of America, Las, Qualcomm, Nvidia, Wynn Resorts, WYNN, MGM Resorts, MGM, China . Companies, Dragon, Goldman Sachs Group, Nomura, Barclays, JPMorgan, Asia Pacific, Bloomberg, Google, Carrier Global, Johnson Controls, Economic Co, Diageo, India, Business, ”, Whisky Association, Northwestern University’s Kellogg School of Management Locations: New York, China, Washington, Beijing, United States, Hong Kong, Dragon China, Canada, Pune, India

☆ Jefferies says these casino stocks have less upside as they better reflect Macao's recovery
▼ + stars: | 2023-06-08 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Two resort-and-gambling stocks are less attractive now that the market has better priced in a popular gambling destination's recovery, according to Jefferies. Analyst David Katz downgraded Las Vegas Sands and Wynn Resorts to hold from buy. Katz shaved Las Vegas Sands' price target by $4 to $65, still representing an 11.1% upside from where the stock closed Wednesday. For 2024, he said to expect EBITDA margin growth of 29% for Las Vegas Sands and 52% for Wynn. Outside of Macao, Katz said Las Vegas business should continue to help Wynn, while Singapore is a strong performing area for Las Vegas Sands.

Persons: David Katz, Katz, Wynn, — CNBC's Michael Bloom Organizations: Jefferies, Sands, Wynn Resorts, Las Vegas Sands, Wynn, Las Locations: Macao, Macau, Las Vegas, Singapore, Las

☆ Stocks making the biggest moves midday: GameStop, Amazon, Carvana and more
▼ + stars: | 2023-06-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

GameStop — The meme stock tumbled nearly 18% after the company fired CEO Matthew Furlong and appointed Ryan Cohen as executive chairman, effective immediately. Carvana — Shares popped 56% after the online car seller issued an upbeat outlook for the second quarter. Carvana said it now expects non-GAAP total gross profit per unit to come in above $6,000 in the second quarter. Smartsheet — Smartsheet tanked more than 17.5% after the software company said billings came in at $215.5 million, falling short of a StreetAccount estimate of $217.1 million. Trip.com posted earnings per share of 43 cents, beating a StreetAccount estimate of 26 cents.

Persons: Matthew Furlong, Ryan Cohen, Wells, Carvana, Wolfe, Fisker, Rod Lache, Chris Licht, Jefferies, billings, Lilly Pulitzer, Tommy Bahama, Trip.com, Yun Li, Alex Harring, Sarah Min, Michelle Fox, Tanaya Macheel Organizations: GameStop, Signet, Signet Jewelers, Wolfe Research, Warner Bros, CNN, Wynn Resorts, Sands, Mobile, Adobe —, Adobe, Oxford Industries Locations: Wells Fargo, Las, Macao

☆ After the S&P's Wednesday jump, Jim Cramer dissects 10 stocks that performed well when the index bottomed out last year
▼ + stars: | 2023-06-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

After Wednesday saw the S&P 500 suddenly jump, CNBC's Jim Cramer looked back at 10 stocks that performed well even when the index bottomed out last October. "I think today's advance from the abyss last year all the way to near 4,300 is actually a very important landmark that you and I must explore," Cramer said. "We need to know which stocks can make us the most money when we get a true trend-line inflection." Cramer laid out 10 stocks that did well during that down period for the S&P 500. He pointed to insurance company Arch Capital Group , Facebook parent Meta , casino chains Wynn Resorts and Las Vegas Sands , credit-score platform Fair Isaac , homebuilder PulteGroupe , solar-panel manufacturer First Solar , Netflix , software giant Nvidia and cruise-line giant Royal Caribbean .

Persons: CNBC's Jim Cramer, Cramer, we've, Isaac, homebuilder Organizations: Arch Capital, Facebook, Wynn Resorts, Vegas Sands, Netflix, Nvidia, Royal Locations: Vegas, Royal Caribbean

☆ Here's our first-quarter earnings report card for every stock in the portfolio
▼ + stars: | 2023-06-02 | by ( Zev Fima | ) www.cnbc.com time to read: +17 min

As a result, about 78% of S & P 500 companies reported better-than-expected earnings results, according to FactSet. Though sales came up short of expectations, earnings, operating margin, and return on capital all notched new record highs in a tough economy. We also saw strong sales of key drug Mounjaro along with positive updates for its potential as a weight loss medication. GE Healthcare (GEHC) reported solid results with its first-quarter earnings release as sales and earnings outpaced expectations. Despite the top-line miss, TJX Companies (TJX) delivered better-than-expected earnings as management demonstrated the ability to diligently control expenses.

Persons: Emerson, Eli Lilly, Strong, Humana, Johnson, Morgan Stanley, Wells Fargo, Wells, Estee Lauder, Locker, Jim Cramer's, Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Club, Halliburton, HAL, Linde, LIN, Microsoft, Nvidia, Palo Alto Networks, billings, Procter & Gamble, Devices, Caterpillar, Costco, Coterra Energy, Management, GE Healthcare, Honeywell, Johnson, Wynn Resorts, WYNN, Valley Bank . Disney, Natural Resources, Constellation Brands, TJX Companies, Bausch Health, Nike, Jim Cramer's Charitable, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: Washington, North America, United States, Wells, Macau, Asia, Los Angeles , California

☆ News of a potential Beijing stimulus package boosts the Club's China-exposed names
▼ + stars: | 2023-06-02 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stocks climb on jobs data, debt deal Wynn soars on hopes for China stimulus Watch Apple 1. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Wynn, payrolls, Dow Jones, Joe Biden's, WYNN, Jim, Apple Morgan Stanley, Jim Cramer's Organizations: CNBC, U.S . Labor Department, Dow, Federal Reserve, Bloomberg, Club, Wynn Resorts, WYNN, Caterpillar, Apple, Worldwide, Conference Locations: China, Washington, Congress, Macao, U.S

☆ Macau's May casino revenue soars 366% year on year on visitor influx
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +2 min

China lifted strict COVID-19 restrictions in January, allowing visitors to swarm into Macau for the first time in more than three years. A general view shows casinos and hotels in Macau, China February 5, 2020. Sands last week officially opened its "Londoner" casino resort which includes a 6,000 seat arena and attractions like a replica of London's Big Ben clock tower. It was the first big casino opening since the COVID pandemic and was attended by former England football captain David Beckham who drew scores of fans to the property. ($1 = 8.0840 patacas)Reporting by Farah Master; Editing by Tom Hogue & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Tyrone Siu, David Beckham, Farah Master, Tom Hogue, Simon Cameron, Moore Organizations: Labour, REUTERS, Sands, HK, Wynn, MGM, SJM Holdings, Galaxy Entertainment, Melco, England, Thomson Locations: HONG KONG, Macau, China, Sands China, Wynn Macau, MGM China, Sands

We are buying 100 shares of Wynn Resorts (WYNN) at roughly $96.89 apiece. Before the Covid pandemic, the company generated about 75% of its earnings before interest, taxes, depreciation, and amortization (EBITDA) from its Macao properties. And since the Macao properties' cost structure was reduced to minimize losses during the lockdowns, the operating leverage as revenues recover has been both notable and underappreciated by the market. Despite recent weakness due to fresh Covid concerns, the May CGR numbers numbers for Macao indicate that there has not been any material slowdown in gaming. Wynn stock is still up nearly 17% year-to-date, and we believe China's long-term economic recovery is on track.

Persons: Jim Cramer's, GGR, Covid, Wynn, WYNN, Jim Cramer, Jim Organizations: Wynn Resorts, WYNN, Macao, Boston, CNBC Locations: China, Macao, U.S, Las Vegas, Boston, Beijing

☆ 'Chin up and don't put a lot of money to work' — why Cramer is getting worried about the market
▼ + stars: | 2023-05-24 | by ( Christopher Alessi | In | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. But we're "not backing away from any of these three stocks," Jim said Wednesday, suggesting a pullback could provide a buying opportunity. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ China's latest Covid surge pressures 3 Club stocks, but doesn't change our conviction in each
▼ + stars: | 2023-05-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Investor concern has been spilling over into the Club holdings doing the most business in China: Wynn Resorts (WYNN), Estee Lauder (EL), and Starbucks (SBUX). That ultimately bodes well for Estee Lauder, Starbucks and Wynn, even if increasing consumer demand appeared somewhat uneven in the latest round of quarterly results. And we're expecting Estee Lauder's China business to recover as travel continues to accelerate. We remain optimistic about the growth trajectory in the country, and see this latest Covid wave as a temporary speedbump. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Estee Lauder, Wynn, Jim Cramer, Jim, Laxman Narasimhan, Beijing's, hasn't, Estee, Jim Cramer's, WYNN Organizations: Wynn Resorts, WYNN, Starbucks, Wynn, Management, CNBC, China News Service, Getty Locations: China, Shanghai, Beijing, Macao, Asia

☆ Transgender Mississippi girl misses graduation after judge's ruling
▼ + stars: | 2023-05-20 | by ( Timothy Gardner | ) www.reuters.com time to read: +2 min

May 20 (Reuters) - A transgender Mississippi girl declined to participate in high school graduation on Saturday after a U.S. District Judge said the school district could bar her unless she dressed in clothes required for boys, a lawyer for the girl said. The school district's dress code requires boys to wear a white button-down shirt, black dress plants, black shoes and a tie or bowtie. Mississippi lawmakers have introduced more than 30 bills this year seeking to limit rights of LGBTQ citizens. In 2021, Mississippi became the first U.S. state to ban transgender athletes from competing in women's and girl's sports, when Republican Governor Tate Reeves signed legislation. Efforts to reach the school district and Clark on Saturday were unsuccessful.

☆ These ETFs could see big moves higher if U.S. lawmakers overcome this latest obstacle and reach a debt ceiling deal
▼ + stars: | 2023-05-19 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The Direxion Daily Financial Bull 3x Shares (FAS) includes a wide range of banking stocks, including Berkshire Hathaway Class B Shares , Bank of America and J PMorgan Chase . FAS YTD mountain Direxion Daily Financial Bull 3x Shares. In chips, the Direxion Daily Semiconductor Bull 3x Shares (SOXL) includes behemoths like Nvidia , Broadcom and Qualcomm . SOXL YTD mountain The Direxion Daily Semiconductor Bull 3x Shares ETF. Some of the standouts in the ProShares UltraPro S & P 500 ETF (UPRO) are Walmart , Wells Fargo and Yum!

☆ Here's our Monthly Meeting rapid-fire update on all 34 stocks in the Club's portfolio
▼ + stars: | 2023-05-18 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +13 min

Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Ford (F): CEO Jim Farley did a fantastic job delivering in the automaker's latest quarter, and we like his decision to scale back Ford's business in China . 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. Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club.

☆ Stock Market Today: Dow Rises 400 Points as Debt Ceiling Deal in Focus
▼ + stars: | 2023-05-17 | by ( ) www.wsj.com time to read: +2 min

Regional-bank shares are jumping after Western Alliance—a lender investors have worried about—gave a positive update on deposit growth. Its shares gained, along with those of PacWest, Comerica and Zions. On the housing front: Housing starts for April rose 2.2% on a monthly basis, beating expectations for a decline. The WSJ Dollar Index gained 0.3%, on pace to finish higher for the sixth session in the last eight trading days. Indexes in China fell, while Japan’s Nikkei 225 gained 0.8% to top 30000 for the first time since 2021.

☆ Here are Wednesday's biggest analyst calls: Tesla, Wynn, Walmart, Alphabet, Western Alliance & more
▼ + stars: | 2023-05-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Bernstein reiterates Tesla as underperform Bernstein said after the automaker's shareholder meeting that it sees trouble ahead. Bank of America upgrades AppLovin to buy from neutral Bank of America said it sees accelerating revenue growth for the mobile tech company. Stephens reiterates Walmart as overweight Stephens said it's standing by its overweight rating heading into Walmart earnings Thursday. Bank of America reiterates ServiceNow as buy Bank of America said the software company is well positioned for AI. " Stephens reiterates Western Alliance as overweight Stephens said it's standing by its overweight rating on the regional bank.

☆ This casino stock can jump 30% as Macao market recovers despite macro headwinds, Barclays says
▼ + stars: | 2023-05-17 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Wynn Resorts has more to gain as a recovery in its Macao properties continues, according to Barclays. It also hiked its price target on the stock to $135 from $120. Despite the already strong gain for the stock, analyst Brandt Montour thinks the casino operator remains "under appreciated by the market." And the company's Las Vegas business remains strong, Montour noted. CEO Craig Billings said during the company's first-quarter earnings call earlier this month that Wynn Las Vegas had a record adjusted net EBITDAR (earnings before interest, taxes, depreciation, amortization and restructuring or rent costs) of $232 million.

☆ Stocks making the biggest premarket moves: Western Alliance, TJX, Wynn, Tesla & more
▼ + stars: | 2023-05-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves in premarket trading:Western Alliance — Shares popped 12% premarket after Western Alliance said its deposit growth for the current quarter exceeded $2 billion as of May 12, up from the $1.8 billion in deposit growth for the quarter through May 9. Target also said it expects sales to remain sluggish in the current quarter, marked by a single digit decrease in comparable sales. Zions Bancorporation — The Salt Lake City-based bank added 4.7% as regional banks moved higher in premarket trading, led by Western Alliance. It guided for between $2.00 and $2.06 EPS for the current quarter, above analysts' forecast of $1.96. Doximity — The medical software stock dropped nearly 10% premarket, one day after the company issued weak guidance for the current quarter.

☆ Stocks making the biggest moves midday: Tesla, Western Alliance, Target & more
▼ + stars: | 2023-05-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Musk said that although he expects an economic downturn for the next 12 months, Tesla is well-positioned for the long run. Western Alliance — Western Alliance popped 15% after the regional bank said deposit growth so far this quarter surpassed $2 billion as of May 12. Target — Shares of the big-box retailer rose more than 2% after the company topped Wall Street's earnings expectations for its fiscal first quarter. It also topped expectations for first-quarter comparable sales, per StreetAccount, but its revenue missed estimates. Keysight Technologies — Shares popped more than 7% after Keysight Technologies topped earnings expectations for the fiscal second quarter.

HONG KONG, May 16 (Reuters Breakingviews) - Investing in China need not be too stressful, provided you avoid investing in Chinese companies. A spending pop in the transport, food and beverage and hospitality sectors helped lift first-quarter GDP to 4.5%. But that data was flattered by comparison to a grim 2022, and April data on imports, inflation and bank loans all disappointed. While Beijing’s crackdowns on domestic technology companies and property developers have eased, other risks are rising. Separately, quarterly revenue at Alibaba is expected to rise 3% year-on-year to 211 billion yuan ($30.5 billion) in the three months to March, according to the average analyst forecast on Refinitiv.

☆ Debt ceiling crisis hangs over markets, with investors hoping to avoid a repeat of 2011
▼ + stars: | 2023-05-13 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +8 min

Republicans, led by House Speaker Kevin McCarthy, want to attach spending cuts to any agreement to raise the debt ceiling. Biden and the Democrats say they are willing to talk about spending cuts but only outside the debt ceiling discussions. Raising the debt ceiling would allow the government to pay for spending that has already occurred. That year, the debt ceiling was raised at the last minute but not before a summer of bickering sent the S & P 500 down 17% from late July to mid-August. The market this past week stumbled with the debt ceiling deadline looming and over concern about regional bank failures.

☆ Jim Cramer takes a look at Wynn Resorts' stellar quarterly report
▼ + stars: | 2023-05-12 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer takes a look at Wynn Resorts' stellar quarterly report'Mad Money' host Jim Cramer goes over some of the earnings you may have missed this week including Wynn Resorts which notched several big wins for the quarter.

☆ Stocks stumble as investors' nerves show ahead of US inflation data
▼ + stars: | 2023-05-10 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

SINGAPORE, May 10 (Reuters) - Stocks were struggling to advance in Asia and the dollar was firm on Wednesday ahead of U.S. consumer price data that could damage hopes for interest rate cuts later this year if inflation fails to show much of a decline. Overnight the S&P 500 (.SPX) fell 0.5% and S&P 500 futures were steady in the Asian morning. A firm U.S. dollar pushed the euro back below $1.10 to $1.0971. Treasuries were broadly steady overnight, though debt-ceiling brinkmanship is warping the bills market as investors avoid bills maturing early in June. The dollar was also firm at 135.14 yen and has lifted slightly from recent lows on the Aussie , kiwi and sterling .

[1/2] A woman checks the arrivals and departures board at Chicago Midway International Airport in Chicago, Illinois, U.S. April 18, 2023. REUTERS/Jim Vondruska/File PhotoNEW YORK, May 10 (Reuters) - A gloomy forecast from vacation rental firm Airbnb (ABNB.O) weighed on travel-related stocks on Wednesday as an expected slowdown in bookings signaled an impending slump in travel demand with consumers seeking cheaper accommodation amid inflation and recession fears. Airbnb's forecast will heighten caution in the travel sector, which encompasses hotels, airlines, and vacation rental firms, according to an investor note by JPMorgan analysts, led by Doug Anmuth. "We also believe Airbnb's commentary will result in increased caution in the travel space, but more specifically around vacation and the U.S.," the analysts said. Reporting by Chibuike Oguh in New York; Editing by Lance Tupper and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Circuit Court of Appeals ruled in favor of private equity executive John Wilson and former casino executive Gamal Aziz, the first two people to face trial of the dozens charged in the sprawling "Operation Varsity Blues" probe. All of Aziz's convictions were set aside, and all but one of Wilson's convictions were aside. Wilson and Aziz were the first to go to trial in 2021. A former University of Southern California water polo coach convicted in the second trial later won a new trial, and another parent was acquitted in the third trial. Aziz and Wilson were sentenced in February 2022 to 12 months and 15 months in prison, respectively.

☆ The editor of an online erotica site shares 3 tips to make your romance writing immediately hotter
▼ + stars: | 2023-05-09 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +5 min

Carly Pifer, founder of online erotica site Aurore, edits erotica stories professionally. It was one of the reasons she started Aurore, an online erotica community where women and LGBTQ+ writers can submit confessional-style true stories. "I want something slow, meandering, I want something that's like a tease…you're not going get straight to sex," Pifer told Insider. "I don't really care what color lipstick you're wearing and like how often as women do we really wear red lips?" Building up to sex is one of the most important parts of erotica, according to Pifer — and of intimacy itself.

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