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☆ Taser maker Axon Enterprise shares are up for an eighth-straight year. Here's what's driving the gains
▼ + stars: | 2023-03-19 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

One stock that's bucking all macro concerns in 2023, and has been for years, is Taser maker Axon Enterprise . Axon shares are up nearly 30% this year, putting them on track for their eighth consecutive annual gain. While other smaller firms offer these products, Axon has been snatching up market share as it leverages its relationship with law enforcement. The Taser maker has a customer relationship with roughly 17,000 out 18,000 U.S. law enforcement agencies, according to a note this month from Goldman Sachs . The firm also has dedicated sales representatives for 1,200 for the largest agencies, which represent 70% of law enforcement patrol officers.

☆ Top Wall Street analysts pick these five stocks for the long term
▼ + stars: | 2023-03-19 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Given the ongoing uncertainty, turning to stock market experts to pick attractive stocks for the long term could be a good decision. Allegro expects to flourish in these two key markets and to deliver low-double-digit percentage revenue growth from fiscal 2023 to 2028. CrowdStrike's adjusted earnings per share for the fourth quarter of fiscal 2023 (ended Jan. 31) increased 57%, fueled by revenue growth of 48%. The company's adjusted EPS grew 8% and came ahead of Wall Street's expectations, while revenue growth of 18% fell short of estimates. Nonetheless, Oracle is optimistic about the solid potential of its cloud business, which delivered 45% revenue growth in the fiscal third quarter.

☆ These stocks are table-pounding buys as bank fears linger, analysts say
▼ + stars: | 2023-03-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wall Street analysts unveiled a slew of must-own stocks this week even as bank and macroeconomic worries permeate the market. While some investors might be distracted by the ongoing financial turmoil, analysts say there are plenty of quality buying opportunities. They include: TrueCar, Apple, Progressive, Academy Sports and Prosperity Bancshares. Apple Morgan Stanley is doubling down on Apple shares. Apple shares are up almost 20% since the start of the year.

☆ Australia PM visits Fiji to discuss nuclear submarines, regional security
▼ + stars: | 2023-03-15 | by ( Kirsty Needham | ) www.reuters.com time to read: +2 min

Australia is party to a nuclear-free zone treaty with 12 other South Pacific nations, including Fiji, in a region where sensitivity over nuclear weapons is high because of the effects of nuclear weapons tests by the United States and France. Albanese will meet with Fijian Prime Minister Sitiveni Rabuka on Wednesday to discuss regional security, a day after unveiling details of the AUKUS submarine programme in San Diego with the leaders of United States and Britain. Australia will buy three U.S. Virginia-class submarines early next decade, before shifting to production of a new AUKUS submarine based on a British design from 2040. Australia emphasised on Tuesday the submarines will not carry nuclear weapons. Australia's defence officials have said the nuclear submarine fleet is needed as a deterrent to China's naval build up.

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, First Republic, Charles Schwab, Match & more
▼ + stars: | 2023-03-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wells Fargo reiterates PNC as overweight Wells said PNC should benefit from a "flight to quality." Deutsche Bank reiterates Charles Schwab as buy Deutsche said liquidity risks for Charles Schwab are overblown. Wells Fargo reiterates Western Alliance Bancorp as overweight Wells said it's standing by shares of the regional bank. Wells Fargo reiterates American Express as overweight Wells said investors should buy the dip in American Express shares. Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating on shares of Amazon.

☆ Australia's nuclear submarine plan to cost up to $245 billion by 2055 -defence official
▼ + stars: | 2023-03-13 | by ( Lewis Jackson | ) www.reuters.com time to read: +4 min

CANBERRA, March 14 (Reuters) - Australia's nuclear-powered submarine programme with the United States and Britain will cost up to A$368 billion ($245 billion) over the next three decades, a defence official said on Tuesday, the country's biggest single defence project in history. Albanese said the programme would start with a A$6 billion ($4 billion) investment over the next four years to expand a major submarine base and the country's submarine shipyards, as well as train skilled workers. The total cost of the submarine program is estimated to be A$268 billion to A$368 billion by 2055, or roughly 0.15% of gross domestic product per year, a defence official told Reuters. U.S. nuclear-powered submarines will visit Western Australia more frequently this year, with British submarines making port visits starting in 2026. From 2027 the Perth base, HMAS Stirling, will be host to a rotational presence of British and U.S. nuclear-powered submarines to build Australia's experience.

☆ Nuclear submarine construction to generate thousands of jobs in Australia
▼ + stars: | 2023-03-13 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

China has objected to the transfer of nuclear propulsion technology to Australia. read moreThe 2021 announcement that the U.S. and Britain would share nuclear submarine technology with Australia came as a surprise to many Southeast Asian governments, said Perth USAsia Centre chief executive Gordon Flake. Government modelling showed 20,000 jobs, including 8,500 in submarine construction, would be created in Australia over 30 years, local newspapers reported on Monday. "This is about jobs, including jobs and manufacturing and Adelaide in particular will be a big beneficiary of this announcement, as well as Western Australia," he told reporters on Saturday. Flake said Albanese was correct to focus on the longer-term economic impact of servicing the nuclear submarine fleet.

The agreement will also see U.S. and British submarines deployed in Western Australia to help train Australian crews and bolster deterrence. This first phase of the plan is already underway with the U.S. Virginia-class nuclear-powered attack submarine Asheville visiting Perth in Western Australia, officials said. Briefing a small group of reporters on Friday, Sullivan dismissed China's concerns and pointed to Beijing's own military buildup, including nuclear-powered submarines. 'DOUBLE DIGIT BILLION' INVESTMENTAustralia had agreed to contribute funds to boost U.S. and British submarine production and maintenance capacity, the official said. Australia's nuclear-powered submarine program with the United States and Britain will cost Australia up to A$368 billion ($245 billion) by 2055, a defense official said.

☆ Analysis: Nuclear submarine plan aims to give Australia strategic edge to deter China
▼ + stars: | 2023-03-10 | by ( Kirsty Needham | ) www.reuters.com time to read: +6 min

Sooner than that, around 2027, U.S. nuclear submarines are expected to be deployed in Western Australia. It is vital that Australia has the same capability to deter - or, if necessary, fight - China as it expands its nuclear submarine fleet and ranges deeper into Australia's northern waters, he said. A U.S. Defense Department report last year said the People's Liberation Army Navy (PLAN) had a fighting force of 340 ships and submarines, including 12 nuclear submarines - six equipped with ballistic missiles - and 44 conventionally powered submarines. The report added that China would build a guided missile submarine by the middle of this decade. The U.S. has long wanted to base its nuclear submarines in Australia, and if that is the near-term solution under AUKUS, it is a significant shift, Gill said.

☆ Fiji's former leader Bainimarama bailed after court appearance
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, March 10 (Reuters) - Fiji's former long-serving prime minister Frank Bainimarama pleaded not guilty in a Suva court on Friday after being charged with abuse of office and held in police custody overnight. Fiji's Director of Public Prosecutions Christopher Pryde approved the charges of abuse of office against Bainimarama and suspended police commissioner Sitiveni Qiliho. read moreBainimarama, who led the Pacific island nation for 16 years until narrowly losing an election in December, rejected the charge. "I served as Fiji's prime minister with integrity and with the best interest of Fijians at heart," Bainimarama said outside court, according to video taken by Fijian media outlets. Bainimarama resigned from parliament on Wednesday after being suspended last month for sedition and insulting the president.

☆ PREVIEW Biden to host Australia and Britain to reveal details of submarine pact to counter China
▼ + stars: | 2023-03-10 | by ( David Brunnstrom | ) www.reuters.com time to read: +6 min

Two of the officials said that after the annual port visits, the United States would forward deploy some submarines in Western Australia by around 2027. In the early 2030s, Australia would buy three Virginia class submarines and have the option to buy two more. It will be the first time the United States has shared nuclear-propulsion technology since it did so with Britain in the 1950s. Currently no party to the nuclear Non-Proliferation Treaty other than the five countries the NPT recognizes as weapons states - the United States, Russia, China, Britain and France - has nuclear submarines. General Dynamics Corp (GD.N), which makes Virginia class submarines, has 17 of them in its current backlog delivering through 2032.

☆ Biden to host Australia and Britain to reveal details of submarine pact to counter China
▼ + stars: | 2023-03-10 | by ( David Brunnstrom | ) www.reuters.com time to read: +6 min

In the early 2030s, Australia would buy three Virginia class submarines and have the option to buy two more. Under the initial AUKUS deal announced in 2021, the United States and Britain agreed to provide Australia with the technology and capability to deploy nuclear-powered submarines. It will be the first time the United States has shared nuclear-propulsion technology since it did so with Britain in the 1950s. Currently no party to the nuclear Non-Proliferation Treaty other than the five countries the NPT recognizes as weapons states - the United States, Russia, China, Britain and France - has nuclear submarines. General Dynamics Corp (GD.N), which makes Virginia class submarines, has 17 of them in its current backlog delivering through 2032.

☆ Here are Friday's biggest analyst calls: Apple, Tesla, SVB Financial, United, Roblox, JPMorgan Chase, Meta & more
▼ + stars: | 2023-03-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

LightShed downgrades Apple to sell from neutral LightShed said in its downgrade of Apple that it sees moderating growth. Baird reiterates Tesla as a top pick Baird said it sees Tesla launching heat pump technology for homes. " Baird upgrades KeyCorp to outperform from neutral Baird said it sees an attractive risk/reward for the regional bank. Baird downgrades Allbirds to neutral from outperform Baird downgraded the footwear company after its disappointing earnings report. " Oppenheimer reiterates Pool Corp as outperform Oppenheimer said it sees a compelling entry point for shares of the pool company.

☆ Pacific's Micronesia in talks to switch ties from Beijing to Taiwan- letter
▼ + stars: | 2023-03-10 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

We can and will receive this, over a three year period, if and when we establish diplomatic relations with Taiwan," he wrote. In the letter, Panuelo accused China of waging "political warfare" in his country, and bribing his government's officials. Beijing and Taiwan have a history of competing in the Pacific islands, where four of Taiwan's 14 diplomatic allies are located. Two Pacific island nations, Kiribati and Solomon Islands, cut diplomatic ties with democratically ruled Taiwan in 2019 after offers of aid from China, which views Taiwan as its own territory. Reporting by Kirsty Needham in Sydney; Additional reporting by Ben Blanchard in Taipei and Beijing newsroom; Editing by Lincoln Feast.

NEW DELHI/SYDNEY, March 8 (Reuters) - Australia’s Prime Minister Anthony Albanese arrives in India on Wednesday seeking to strengthen the new momentum in ties between the two countries through deeper trade, investment and defence relations. Quad includes the United States and India besides Australia and Japan. Australia is due to host a Quad leaders summit in Sydney later this year. “India and Australia share warm and friendly relations based on common values and democratic principles. Australian Minister for Trade and Tourism Don Farrell is a part of Albanese’s delegation and the visit is expected to provide an opportunity to hasten the ambitious deal.

[1/2] Australian Prime Minister Anthony Albanese attends the APEC Leader's Dialogue with APEC Business Advisory Council during the Asia-Pacific Economic Cooperation (APEC) summit, Friday, Nov. 18, 2022, in Bangkok, Thailand. Sakchai Lalit/Pool via REUTERS/File PhotoSYDNEY/WASHINGTON, March 8 (Reuters) - Australian Prime Minister Anthony Albanese said on Wednesday he will visit the United States to meet President Joe Biden after a trip to India this week. "I look forward to the continuing engagement that I have with the U.S. administration," Albanese told reporters before leaving for India, without giving a date for his U.S. trip. Ashley Townshend, an Australian Defense expert at the Carnegie Endowment for International Peace think tank, said a new information-sharing agreement would be needed for the submarine program's implementation stage. Albanese will reach India later on Wednesday and will stay until Saturday in the first visit by an Australian prime minister since 2017.

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Carvana, Ulta, Meta, Alphabet & more
▼ + stars: | 2023-03-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Canaccord initiates Bowlero as buy Canaccord said the bowling company has a "unique growth and profitability story." Bank of America reiterates Meta as buy Bank of America said Meta is well positioned for "revenue acceleration." Deutsche Bank reiterates Ulta as buy Deutsche called Ulta "resilient." Bank of America reiterates On Semiconductor as a top pick Bank of America said the semiconductor company is a top autos pick that has the "right execution." Needham reiterates Alphabet as buy Needham said investors shouldn't be concerned about any legislative risks for Alphabet.

☆ Australian PM seeks to diversify trade, investment on India visit
▼ + stars: | 2023-03-06 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

SYDNEY, March 7 (Reuters) - Australian Prime Minister Anthony Albanese said on Tuesday his government wants to diversify trade and foreign investment partners, as he prepares to lead a business delegation to India which he said shares Australia's democratic values. China is easily Australia's largest trading partner, although a diplomatic dispute has resulted in what Australia calls "trade blockages" being imposed by China on a raft of Australia's exports. Business leaders across transport, resources, finance, higher education, architecture and energy will on Wednesday accompany Albanese to India, which is Australia's sixth largest trading partner. "We can do all these things as well as remaining a trusted and reliable supplier of energy to key trading partners such as Japan and the Republic of Korea," he added. Albanese said Australia would be "deepening and diversifying our international investment and trade links".

☆ An Amazon seller with over $200 million in sales shares 9 tips for picking a sell-out product
▼ + stars: | 2023-03-05 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

For some, selling products as a side hustle and making an extra $2,000 a month is perfect. If you're selling as a side hustle, a simple Amazon search is enough to collect data, he noted. It indicates a product's sales velocity or how well its selling: the lower the rank, the better it sells. Most seasoned sellers have a general sense of how a product's sales rank converts to sales over time. As a private label seller, Needham avoids selling products that have been monopolized by big, household brands.

REUTERS/Eric ThayerMarch 2 (Reuters) - The Biden administration on Thursday added 37 companies to a trade blacklist, including units of Chinese genetics company BGI (300676.SZ) and Chinese cloud computing firm Inspur, in a move that promises to further ratchet up tensions with Beijing. The Commerce Department, which oversees export controls, added BGI Research and BGI Tech Solutions (Hongkong), over allegations that the units pose a "significant risk" to contributing to Chinese government surveillance. The Commerce Department accused Inspur of acquiring and attempting to acquire U.S. goods to support China's military modernization efforts. Commerce added 26 other Chinese entities to the list - which makes it hard for targeted companies to receive shipments of U.S. goods from suppliers. In 2020, the Commerce Department added two units of BGI Group, the world’s largest genomics company, to its economic blacklist over allegations it conducted genetic analyses used to further the repression of China’s minority Uyghurs.

☆ China leads US in global competition for key emerging technology, study says
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +3 min

The Australian Strategic Policy Institute (ASPI) said its study showed that, in some fields, all of the world's top 10 research institutions are based in China. The study, funded by the United States State Department, found the United States was often second-ranked, although it led global research in high-performance computing, quantum computing, small satellites and vaccines. "Western democracies are losing the global technological competition, including the race for scientific and research breakthroughs," the report said, urging greater research investment by governments. The report called for democratic nations to collaborate more often to create secure supply chains and "rapidly pursue a strategic critical technology step-up". The study recommended visa screening programs to limit illegal technology transfers and instead favour international collaboration with security allies.

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Snowflake, Salesforce, Nio, Nvidia & more
▼ + stars: | 2023-03-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan downgrades Nio to neutral from overweight JPMorgan said it sees too many challenges after the Nio's earnings report on Wednesday. JPMorgan downgrades Dollar Tree to neutral from overweight JPMorgan said it sees too many macro headwinds for the discount retailer. Morgan Stanley upgrades Pinduoduo to overweight from equal weight Morgan Stanley said the ag-tech company is a "long-term growth story." Morgan Stanley reiterates Liberty Formula One as overweight Morgan Stanley said it's bullish on shares of the auto racing company. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said competitors can't keep up after Tesla's investor day on Wednesday.

☆ Salesforce is having its best day since 2020 after blowout earnings report
▼ + stars: | 2023-03-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Salesforce shares surged 12% on Thursday and headed for their biggest single-day rally since August 2020, after the cloud software vendor issued earnings and guidance that trounced analysts' estimates. After the close of regular trading on Wednesday, Salesforce reported fiscal fourth-quarter adjusted earnings of $1.68 per share, 23% higher than the consensus among analysts polled by Refinitiv. Alongside the earnings report, Salesforce said it's working with Bain on a business review, and the company announced the elimination of the board's committee on mergers and acquisitions. Rangan, who recommends buying the stock, raised his 12-month price target for the second time in a week after the report. WATCH: Salesforce earnings highlight how expectation beats can move markets, says Kari Firestone

☆ British RAF chief calls it 'unacceptable' for China to recruit western military pilots
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, March 2 (Reuters) - Britain's air force chief says it was "unacceptable" its former pilots were being recruited to train Chinese military, and intelligence agencies in Australia and Britain had shared information to warn pilots against working for Beijing. In October Britain said it would change the law to make it an offence for a former military pilot to continue training a foreign military after being warned by British intelligence agencies to stop. The Royal Air Force's Air Chief Marshal Mike Wigston told the ABC in an interview at the Avalon Air Show in Australia the warnings were about China. Australia's spy chief last week hit out in his annual security threat assessment at former military pilots who turn to working for authoritarian regimes, describing them as "lackeys, more 'top tools' than 'top guns'". Reporting by Kirsty Needham; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ TikTok's potential ban in U.S. could be boon for Meta and Snap
▼ + stars: | 2023-03-01 | by ( Ashley Capoot | ) www.cnbc.com time to read: +4 min

Jonathan Raa | Nurphoto | Getty ImagesInvestors in Meta , Snap and other U.S. digital media companies have been looking for signs of a rebound after a tumultuous 2022. Meta climbed 1% on Wednesday, and Snap was unchanged. She said that Meta's Facebook, Snap and Google's YouTube could be "huge beneficiaries" if the ban ultimately takes place. watch now"A U.S. ban on TikTok is a ban on the export of American culture and values to the billion-plus people who use our service worldwide," a TikTok spokesperson said Wednesday. Andrew Boone, an analyst at JMP, said that Meta likely stands to benefit the most should TikTok face a U.S. ban.

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