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☆ Street looks to extend rally into a holiday-shortened week that is light on data
▼ + stars: | 2023-06-17 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Also on tap are several speaking engagements for Federal Reserve members, including Chair Jerome Powell on Wednesday and Thursday in his semiannual monetary policy report to Congress. ET: St. Louis Fed president Jim Bullard speaks 8:30 a.m. ET: Federal Reserve Chairman Jerome Powell speaks 12:25 am. ET: Federal Reserve Chairman Jerome Powell speaks 10:00 a.m. Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023.

Persons: Jerome Powell, Louis, Jim Bullard, John Williams, Austan Goolsbee, Loretta Mester, Tom Barkin, Friday's, Jim Cramer's, Jim Cramer, Jim, Mandel Ngan Organizations: Federal Reserve, Darden, FedEx, Louis Fed, Housing, NY Fed, Federal, Chicago Fed, Patterson Companies, Winnebago Industries, Algoma Steel, Cleveland Fed, Richmond Fed, Commercial Metals, U.S, Treasury, Jim Cramer's Charitable, CNBC, AFP, Getty Locations: United States, Olive, Washington ,

☆ Wait for a price break next week while the market's overbought, Jim Cramer says
▼ + stars: | 2023-06-16 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday provided his game plan for the week ahead, encouraging investors to cool their heels while the market is so overbought. "I think it's going to be worth your while to wait for a price break before you pull the trigger," Cramer said. While the market is closed on Monday for Juneteenth, Cramer will be looking at Raytheon's performance at the Paris air show. On Thursday, Cramer will be focused on Olive Garden parent Darden 's earnings report, as well as investor meetings from software companies Samsara and MongoDB . Cramer thinks CarMax 's Friday earnings report will show that used car prices are coming down, which he said is a good sign for the company.

Persons: CNBC's Jim Cramer, Cramer, Juneteenth, He's, Raj Subramaniam, Darden, CarMax, I'm Organizations: FedEx, Olive Garden Locations: Paris

☆ Stocks making the biggest moves midday: Cava, Domino's Pizza, Kroger, Lennar and more
▼ + stars: | 2023-06-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The Wall Street firm said it believes there will be "significant improvement" in the company's return on invested capital over the next two to three years. Domino's Pizza — The pizza chain gained 6.46% after Stifel upgraded the stock to buy from hold. The Wall Street firm said investors should buy the weakness in Target shares, which are down 15% over the past month. The Wall Street firm said it was bullish long term, but believes the stock price has been seeing appreciation much stronger than experienced in the broader market. The Wall Street firm also boosted its price target to $40 from $36, suggesting upside of more than 20% from Wednesday's close.

Persons: Kroger —, Kroger, Rodney McMullen, Bernstein, Lennar, Oppenheimer, Corning, John Wiley, Mizuho, Patterson, Morgan Stanley, Yun Li, Alex Harring, Jesse Pound, Sarah Min Organizations: New York Stock Exchange, Cava Group, Deutsche Bank, Stifel, —, Technologies, Corning —, Citi, Corning, Management, UTI Energy, Patterson Locations: Wednesday's

☆ Homebuilder Lennar raises full-year forecast for home deliveries
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +2 min

June 14 (Reuters) - Lennar Corp (LEN.N) on Wednesday raised its full-year forecast for home deliveries, as the homebuilder benefits from upbeat demand that far outpaced supply. Homebuilders are benefiting from the lack of existing home inventory and pent up demand they were unable to meet in previous years. The perennial shortage of homes on the market is frustrating would-be buyers eager to take advantage of dips in mortgage rates. The Miami-based homebuilder raised its total home deliveries forecast for 2023 to 68,000 to 70,000 homes, up from its prior guidance of between 62,000 and 66,000 homes. The company reported a second-quarter profit of $3.01 per share, above average analysts' estimate of $2.32 per share, according to Refinitiv data.

Persons: Freddie Mac, Stuart Miller, Kannaki, Krishna Chandra Organizations: Lennar, National Association of Realtors, Thomson Locations: The Miami, Bengaluru

☆ Cramer says don't be complacent ahead of Fed meeting: 'I do not trust a benign market like this one'
▼ + stars: | 2023-06-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

"No surprise to regular viewers, I do not trust a benign market like this one," Cramer said. On Monday, Cramer will be watching out for software company Oracle 's report, which is expected after market's close. Cramer asked, "Because they don't want to lose those low mortgages they got over the last five years." Wednesday will bring news from the Fed, and Cramer isn't convinced Chairman Jay Powell has completely lost his hawkish streak. Friday will hopefully bring investors more clearly into the minds of consumers, Cramer said, with the release of the University of Michigan Consumer Sentiment index.

Persons: CNBC's Jim Cramer, Cramer, market's, Cramer isn't, Jay Powell, Lina Khan, we've, —, Wall Organizations: Oracle, Kroger, Albertsons, Federal Trade, University of Michigan, Fed Locations: Florida

☆ MAI Capital's Chris Grasanti on whether investors should buy or bail on retail stocks
▼ + stars: | 2023-06-07 | 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 EmailMAI Capital's Chris Grasanti on whether investors should buy or bail on retail stocksChris Grisanti at MAI Capital Management, joins 'The Exchange' to discuss the state of the homebuilder market, how to trade the retail sector, and opportunities in equities with low p/e ratios.

Persons: Chris Grasanti, Grisanti Organizations: MAI, MAI Capital Management

☆ 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

☆ 'It's been a disaster' for people that bet against homebuilder stocks, says Jim Cramer
▼ + stars: | 2023-06-07 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

'It's been a disaster' for people that bet against homebuilder stocks, says Jim Cramer'Mad Money' host Jim Cramer takes a look at the housing sector including hombuilder stocks, home improvment, and more.

Persons: Jim Cramer

☆ Here are Thursday's biggest analyst calls: Target, Tesla, Toast, Chevron, Meta, Toll Brothers and more
▼ + stars: | 2023-06-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

JPMorgan downgrades Okta to neutral from overweight JPMorgan Chase said it sees too many macroeconomic pressures for the company. " JPMorgan downgrades Target to neutral from overweight JPMorgan Chase said in its downgrade of the stock it sees a "weakening" consumer. Bank of America initiates Toast as buy Bank of America said the restaurant tech company is "best in class." JPMorgan upgrades Domino's Pizza to overweight from neutral JPMorgan Chase said in its upgrade of Domino's that it's too cheap to ignore. Bank of America reiterates Dick's as buy Bank of America said it's bullish on the company's new store format.

Persons: Goldman Sachs, Goldman, Johnson, it's, Salesforce, JPMorgan downgrades, JPMorgan Chase, we've, Horton, PulteGroup, TOST, BorgWarner, Morgan Stanley, Tesla, XOM, Cowen, Phillips, Wedbush, Macquarie, Dick's, it's bullish, DKS Organizations: AAP, Barclays, JCI, RBC, Chevron, JPMorgan, JPMorgan downgrades Target, Deutsche Bank, " Bank of America, Bank of America, Restaurant Association, BorgWarner Deutsche Bank, Citi, Meta, ExxonMobil, UBS, CSX, Garden Entertainment, Knicks, Rangers, Networks Locations: Europe, New York

RBC Capital Markets thinks strong gains are in store for Toll Brothers as demand improves. The firm thinks sentiment surrounding the luxury homebuilder's shares have been "overly negative." Analyst Mike Dahl said "given TOL's high-end, West Coast and build-to-order exposures," recent trends show the company has experienced improvement similar to its peers. Toll Brothers announced its fiscal second-quarter earnings Tuesday after the bell. However, the analyst believes Toll Brothers is a relative outperformer due to its resilient margins profile higher than its peers' average and an inexpensive valuation.

Persons: Mike Dahl, Dahl, TOL, Toll, — CNBC's Michael Bloom Organizations: RBC Capital Markets, Toll Brothers, 1Q Locations: West Coast

☆ BlackRock bond chief Rieder says U.S. economy in 'much better shape’ than doomsayers say
▼ + stars: | 2023-05-23 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

NEW YORK — When the bond chief of the world's biggest asset manager looks at the U.S. right now, he sees a lot to like. A combination of resilient government, corporate and consumer spending, improving homebuilder data, $1.5 trillion in excess savings and low unemployment tell BlackRock's Rick Rieder that the American economy is faring better than many expected. "I think the U.S. economy's in much better shape than people give [it] credit" for, Rieder said Tuesday at an event at BlackRock's New York headquarters. Talk of a pending recession has been building as the impact of the Federal Reserve's interest rate increases ripple through the economy. "When people talk about, 'We're going to a recession or a deep recession,' it's pretty unusual [or] almost impossible when you have an unemployment rate of 3.4%," Rieder said.

☆ CNBC Daily Open: Inflation weighed on consumer spending
▼ + stars: | 2023-05-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Indeed, retail sales in April rose a weaker-than-expected 0.4% for the month, according to an advanced sales report. Moreover, the figure isn't adjusted for inflation — which rose 0.4% in April — so consumers' spending just kept up with the pace of inflation, CNBC's Jeff Cox noted. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Consumer demand is flagging
▼ + stars: | 2023-05-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Both the Dow and the S&P were badly affected by Home Depot's weak earnings report and lackluster forecast. Home Depot's disappointing performance suggests that consumer demand is flagging. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ US consumer spending appears solid early in second quarter
▼ + stars: | 2023-05-16 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Retail sales excluding automobiles, gasoline, building materials and food services rebounded 0.7% last month, the Commerce Department said. Data for March was revised slightly down to show these so-called core retail sales slipping 0.4% instead of 0.3% as previously reported. Core retail sales correspond most closely with the consumer spending component of gross domestic product. Economists estimated that core retail sales adjusted for inflation rose by about 0.6% in April. Sales at food services and drinking places, the only services category in the retail sales report, rose 0.6%.

☆ Homebuilder sentiment pulls out of negative territory for the first time in nearly a year
▼ + stars: | 2023-05-16 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

It's the fifth straight month of gains and the first reading of builder sentiment since July that wasn't negative, which would be a reading below 50. With mortgage rates now double what they were a year and a half ago, some potential sellers may be reluctant to trade to another home at a higher rate. Homebuilders also drew more buyers by offering incentives, like buying down mortgage rates. Sentiment in the Midwest rose 2 points to 39. In the South, it increased 3 points to 52, and in the West moved 3 points higher to 41.

☆ Business inventories fall 0.1%; homebuilder confidence rises 5 points to 50
▼ + stars: | 2023-05-16 | 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 EmailBusiness inventories fall 0.1%; homebuilder confidence rises 5 points to 50CNBC's Rick Santelli and Diana Olick report on the latest economic data.

☆ David Einhorn's Greenlight Capital bets on pair of regional banking stocks
▼ + stars: | 2023-05-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

David Einhorn joined other big investors in shares in several regional bank stocks last quarter in a bet that the financial institutions would survive the industry crisis that felled Silicon Valley and First Republic banks. That's the bank whose subsidiary, Flagstar, acquired Signature Bank assets after that bank was shuttered. Einhorn's additions come amid a broad selloff of regional bank stocks on concern more institutions could fail as depositors withdrew assets and the value of banks' bond holdings narrowed. "Big Short" investor Michael Burry also bought regional bank stocks last quarter. Outside of the bank stocks, Einhorn notably increased exposure to Concentrix , Gulfport Energy and Tenet Healthcare .

☆ Homebuilder ETFs could get another boost if the Fed stops after one more rate hike
▼ + stars: | 2023-05-03 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Mortgage rates are tied indirectly to the Fed through the yield on the 10-year Treasury note, and could still move around while the central bank is paused. The ETFs that track the industry have already outperformed this year, rebounding from dramatic declines in 2022. The rapid Fed rate hikes last year appeared to spook consumers, who saw their future monthly payments climb sharply just while they were in the midst of searching for new homes. ITB YTD mountain Homebuilder ETFs like the ITB have outperformed in 2023. And a relatively stable interest rate outlook should make it easier for the homebuilders to hit those raised estimates, according to their own executives.

☆ Jim Cramer: This is what I learned from the real first week of earnings season
▼ + stars: | 2023-04-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

"Simply stated we're in a freight recession." That line, uttered last Monday by Shelley Simpson, president of J.B. Hunt (JBHT), the fourth-largest trucking company in the United States, was the most memorable of the real first week of earnings season. If so, it would know that we're dealing with much more than a freight recession. It's not enough to offset the immense deflationary pressure emanating from the regional banks and the freight recession described by J.B. Hunt. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Organizations: & $

☆ Club meeting recap: Stocks fall, Emerson upgrade, Danaher readthrough
▼ + stars: | 2023-04-20 | by ( Kevin Stankiewicz | ) 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 fall on earnings Emerson upgrade Danaher readthrough 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.

☆ Stocks making the biggest premarket moves: Tesla, IBM, American Express, KeyCorp and more
▼ + stars: | 2023-04-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

IBM — The tech stock rose more than 1% in premarket trading after the company reported an earnings beat. IBM posted adjusted earnings of $1.36 per share, compared to $1.26 per share as expected by analysts, according to Refinitiv. American Express — Shares dipped 1.3% after the payments company reported adjusted earnings per share of $2.40 for the first quarter, below StreetAccount's estimates of $2.66. F5 — The cloud-based software company's shares were down about 7% after a mixed second fiscal quarter earnings report. Analysts polled by FactSet had estimated 44 cents earnings per share and $1.79 billion in revenue.

☆ Stocks making the biggest moves midday: Tesla, IBM, American Express, AT&T and more
▼ + stars: | 2023-04-20 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

American Express posted earnings per share of $2.40 for the first quarter, below an estimate of $2.66, per Refinitiv. On Wednesday, the casino and resort company posted a beat on first-quarter earnings. The decline comes a day after Zions missed earnings expectations in the first quarter. The company posted earnings of $2.73 per share on revenue of $7.97 billion. The downgrade comes ahead of the defense firm's first quarter earnings report, which is set to release April 25.

☆ Strong individual performers can buoy whole sectors, Jim Cramer says
▼ + stars: | 2023-04-20 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Stocks that investors might expect to be shorted in the buildup to a recession are doing very well, buoying their whole sectors, CNBC's Jim Cramer said Thursday. There are certain kinds of industries that have historically been targeted by short sellers in the run-up to recession, Cramer said, including railroads, semiconductors, homebuilders and automakers. Steel firm Nucor would be an "obvious short" headed into a recession, Cramer said, but the company reported strong growth and "blew away the estimates." Homebuilders are likely short candidates ahead of a recession, but that doesn't seem to be happening here, Cramer said. But as Cramer has noted before, strong performing companies with effective management can weather most storms.

AT&T (T.N) shares dropped 10.4% after the wireless carrier missed market estimates for first-quarter revenue and free cash flow. The S&P 500's rally to start the year is set to be tested by a first-quarter earnings season that investors expect to show tepid results. “The market has been overbought for the last week or two," said Anthony Saglimbene, chief market strategist at Ameriprise Financial. In other earnings news, American Express Co (AXP.N) profit missed Wall Street estimates and its shares fell 1%. Shares of Lam Research (LRCX.O) rose 7.2% after the chip-making equipment supplier's revenue topped estimates, while shares of D.R.

☆ Homebuilder sentiment rises in April, as builders grab near-record share of the market
▼ + stars: | 2023-04-17 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 45 in April, a one-point gain. Builders in the report cited a lack of listings on the resale market, which gave them an unusually strong edge. Slightly lower mortgage rates are also helping demand — though rates are still higher than they were a year ago. "Builders note that additional declines in mortgage rates, to below 6%, will price-in further demand for housing," said Alicia Huey, NAHB chairman and a custom homebuilder and developer from Birmingham, Alabama. It marked the first time both of the indicators were positive since June, when mortgage rates really took off.

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