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☆ Morgan Stanley says these attractive stocks have the best risk-reward for 2023
▼ + stars: | 2023-01-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

They include Dick's Sporting Goods, Verizon , Alibaba, Constellation Brands and Sealed Air. Dick's Sporting Goods It's been an "Olympic transformation" for the sporting goods retailer, according to analyst Simeon Gutman. Dick's Sporting Goods made pre-pandemic structural changes that leaves the company with a "faster-growing & more profitable business," Gutman added. Meanwhile, he said the retailer's customers have gotten wealthier and the sporting goods category has room for growth. Sealed Air The maker of bubble wrap and other packaging products is firing on all cylinders, according to analyst Angel Castillo and his team.

The euro edged up 0.01% against the greenback to $1.0733 at 10:30 a.m. EST (1530 GMT), just below its seven-month high of $1.07605 hit Monday. Investors now expect rates to peak just under 5% by June, before starting to come down later in the year. The pause in the dollar's decline comes as traders ready themselves for U.S. Consumer Price Index (CPI) inflation data on Thursday. The China-sensitive Australian dollar spiked at a more than four-month peak of $0.6950 in the previous session. The offshore yuan last traded at 6.7878 per dollar, after hitting its strongest in five months of 6.7590 earlier in the session.

There were new twists on foldable devices, cars that changed colors and smart ovens that live streamed dinners. Patrick T. Fallon/AFP/Getty ImagesBMW unveiled a wild color-changing concept car with 260 e-panels that can change up to 32 colors. During a demo, different parts of the car, including the wheel covers, flashed in varying hues and swirls of colors. A new look for foldable phonesSamsung's Flex Hybrid Display concept folds and slides SamsungSome companies offered a new twist on the foldable phone concept. The lock, which will cost $300, will be available for purchase late this spring, according to a company press release.

☆ A bad market omen: Apple and Tesla denting market sentiment to start the year
▼ + stars: | 2023-01-04 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

It was a sloppy start to the year for stocks, and the steep decline in two market darlings — Apple and Tesla — is not a good omen for the market in 2023. The S & P 500 was down as much as 1.2% on Tuesday and dipped below the key 3,800 level. "I think Apple has a major influence on market sentiment. Though, she added that Tesla is much less of an impact on overall market action than Apple because of the tech giant's huge market cap. Stockton also said the S & P 500 could break down several hundred points below that and reach 3,200.

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Imax, Netflix, Robinhood, Amazon & more
▼ + stars: | 2022-12-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Evercore ISI initiates American Express Global Business Travel Group as outperform Evercore initiated the corporate travel business company with an outperform rating and said it's a beneficiary of corporate travel recovery. AmEx GBT is the leading business to business travel management platform, providing software and services to manage travel, expenses, and events for corporate travel." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it sees a "buying opportunity" for shares of Tesla. Piper Sandler reiterates Tesla as overweight Piper said Tesla could become a key ESG holding. Morgan Stanley reiterates Wells Fargo as overweight Morgan Stanley said the banking giant is a top beneficiary of rate increases. "

☆ Yen retreats after BOJ policy tweak sparked surge
▼ + stars: | 2022-12-21 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

The BOJ decided to change its "yield curve control" policy on Tuesday even as it kept broad policy settings unchanged. It is letting 10-year yields move 50 basis points either side of its 0% target, wider than the previous 25-basis-point band. On Wednesday, the dollar was 0.4% higher against the yen , having plunged 3.8% in the previous session, its largest one-day drop against the Japanese currency in 24 years. The BOJ, long preoccupied with reviving price growth to avert a risk of deflation, has been an outlier among central banks this year. It has kept interest rates negative while other central banks have hiked hard to tame inflation and bolster domestic currencies against the U.S. dollar.

☆ Yen eases after BOJ policy tweak sparked surge
▼ + stars: | 2022-12-21 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

NEW YORK, Dec 21 (Reuters) - The yen eased in a choppy session on Wednesday, ceding some of the ground gained the previous day when a surprise policy tweak by the Bank of Japan lifted the Japanese currency by 4% against the dollar. The BOJ decided to change its "yield curve control" policy on Tuesday even as it kept broad policy settings unchanged. It is letting 10-year yields move 50 basis points either side of its 0% target, wider than the previous 25 basis point band. On Wednesday, the dollar was 0.2% higher against the yen , having plunged 3.8% in the previous session, its largest one day drop against the Japanese currency in 24 years. I don't think we're going to 150 (yen) anytime soon," Chandler said.

☆ Famed bearish strategist Albert Edwards says the Fed will extract a high price to bring down inflation — and outlines why its success will only be temporary
▼ + stars: | 2022-12-21 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

He says the combination of easy monetary policy and future stimulus will cause more inflation. True to form, Societe Generale strategist Albert Edwards says investors shouldn't get too excited when interest rates level off. Edwards, who is famous for his bearish views on markets, says that rates usually peak after the Federal Reserve has already raised interest rates to a level that's too high. Still, Edwards says that core inflation is going to come down fast, as many of the causes of high inflation are now unwinding. It was only after the Fed raised interest rates to record levels that inflation finally "broke."

☆ Morgan Stanley warns US profits could drop like in 2008, tanking stocks
▼ + stars: | 2022-12-20 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —One of Wall Street’s top executives is worried about a repeat of 2008. But Wilson is warning clients about a looming plunge in corporate profits next year as the economy stumbles. “The earnings recession by itself could be similar to what transpired in 2008/2009,” the Morgan Stanley exec wrote in a report on Monday. “We often hear from clients that everyone knows earnings are too high next year, and therefore, the market has priced it,” he wrote. Art Hogan, chief market strategist at B. Riley Wealth Management, told CNN late last week that investors may be overreacting to signs of more interest rate hikes from the Federal Reserve.

☆ Here are Wednesday's biggest analyst calls: Tesla, Apple, Amazon, Exxon Mobil, Nike, Best Buy & more
▼ + stars: | 2022-12-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley names Exxon Mobil a top 2023 pick Morgan Stanley said Exxon Mobil is one of the best-positioned stocks heading into 2023. Morgan Stanley reiterates Apple as overweight Morgan Stanley said concerns about App Store competition are overdone. Bank of America downgrades Best Buy to underperform from neutral Bank of America said the environment is too challenging right now for Best Buy. Bank of America reiterates Nike as neutral Bank of America said it's cautious going into Nike earnings next week. Bank of America reiterates Alphabet as buy Bank of America said it's sticking with its buy rating on Alphabet but that investors need to hear more about the Google parent's cost-cutting initiatives.

☆ There are very few pockets of growth and optimism where oil demand is concerned, says analyst
▼ + stars: | 2022-12-12 | 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 EmailThere are very few pockets of growth and optimism where oil demand is concerned, says analystVandana Hari of Vanda Insights says the gloomy scenario is "not all that surprising but it's probably overdone."

☆ Analysis: European food delivery shapes up with Getir's Gorillas buy
▼ + stars: | 2022-12-11 | by ( ) www.reuters.com time to read: +6 min

QUICK COMMERCEThe Gorillas acquisition makes Getir Europe's largest quick commerce company. LESS CAPITAL, FEWER COUPONSMore than a dozen smaller European quick commerce companies failed or were acquired since mid-2021. While profits may still be distant for the privately-held quick commerce companies, Europe's listed meal delivery companies have all set formal targets for earnings before interest, taxes, depreciation and amortisation (EBITDA). Shares in the European delivery companies are down around 60% from a year ago, but have traded sideways since June. So to "all the naysayers saying 'quick commerce is over - No.

☆ Jim Cramer's Investing Club meeting Friday: Inflation data, Salesforce, Microsoft trouble
▼ + stars: | 2022-12-09 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "I think things have kind of bottomed, and the publicity and the long knives are overdone to me at this point," Jim Cramer said Friday. 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.

☆ Blackstone gets a slap from efficient markets
▼ + stars: | 2022-12-08 | by ( Jonathan Guilford | ) www.reuters.com time to read: +9 min

NEW YORK, Dec 8 (Reuters Breakingviews) - Private markets seemed, for a while, the perfect antidote to the weirdness of public markets. Those models typically move much more slowly than the rapidly changing prices served up by public markets. These charms became much more potent during the stresses of Covid-19, when it became clear that public markets are not always a ruthlessly efficient price-discovery mechanism. RESILIENCE OR INTRANSIGENCECovid briefly scrambled the world, but bigger changes are coming that may scramble the calculus for private markets. During Covid, public markets seemed backward-looking, overreacting to the present moment while private markets were able to focus on the future.

☆ Here are Tuesday's biggest analyst calls: Tesla, Apple, JPMorgan Chase, GE, Starbucks, Costco & more
▼ + stars: | 2022-12-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: UBS reiterates Apple as buy UBS said Apple's iPhone supply chain headwinds are abating. Cowen reiterates TJX Company as outperform Cowen said it's feeling more bullish on the stock after a series of recent management meetings. Piper Sandler reiterates Tesla as outperform Piper said reports of Tesla cutting production in China are mostly overdone. Bank of America reiterates Chipotle as buy Bank of America said the Mexican chain restaurant has "price elasticity." Oppenheimer upgrades General Electric to outperform from market perform Oppenheimer said it's starting to see strong execution from GE .

☆ I tried a $5 hangover pill. The next morning, I felt like I'd barely had anything to drink at all.
▼ + stars: | 2022-12-04 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

The next morning, I had no hangover symptoms and was amazed at my productivity. Myrkl pills are transparent capsules containing brown granules, and nearly an inch long. It felt like I'd barely had anything to drink the night before. Overall, Myrkl seemed to help me grapple with hangover symptoms and sustain my productivity without forcing me to sacrifice post-work drinks. While the best option is always to limit your alcohol consumption, Myrkl might make happy hour a little more cheerful.

An index tracking high-yield dollar bonds of Chinese developers (.IBXXAX13) has jumped more than 70% from its Nov. 3 low, but is still down about 70% from its peak in May, 2021. A growing list of Chinese developers have entered into or are preparing to kick-off debt restructuring talks with offshore bondholders after defaulting on payments. Of 241 dollar-denominated bonds issued by Chinese property firms, 211 are trading in distressed territory below 50 cents on the dollar, Refinitiv data shows. The recent rally in developers' shares and bonds on the back of funding support measures, however, has given investors some respite. "A recovery in property sales would be firmer in a re-opening scenario," said Justin Ong of Columbia Threadneedle, which holds China property bonds, as it would offer a clearer timeline for re-opening.

☆ GoodRx is a buy that can surge 60% from here, Citi says
▼ + stars: | 2022-12-01 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

The sell-off in telemedicine name GoodRx is overdone, and now is a good time to buy the stock, according to Citi. "In our view, GDRX will continue to serve a vital role in bringing transparency/consumerism to a historically unshopable market," Grosslight wrote in a Wednesday note. In addition to its focus on generic retail prescription drugs, GoodRx has recently expanded into branded Rx spending as well. the recently announced ESI partnership for commercial members)," Grosslight wrote. "In our view, the market has been too punitive, effectively pricing in no terminal value," he added.

☆ Stocks making the biggest moves midday: Salesforce, Five Below, Okta, Costco and more
▼ + stars: | 2022-12-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Salesforce did report earnings and revenue that beat analyst expectations for the most recent quarter, however. Costco – Shares of retailer Costco shed nearly 6% after the company reported softer-than-expected sales figures for November that could signal a weak consumer heading into the holiday shopping season. The cloud data platform provider reported earnings that beat expectations but provided light revenue guidance, which sent the stock lower after-hours Wednesday. The company reported 29 cents of earnings per share on $645 million of revenue. The lingerie company reported earnings of 29 cents per share on revenue of $1.32 billion.

☆ An interior designer to New York City's elite shares the 3 fresh trends that are all the rage and 2 that are out of style
▼ + stars: | 2022-11-30 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +5 min

NYC interior designer Bennett Leifer outlined what's in and what's out right now. He spoke with Insider about what his clients are seeking in their homes now, and the tired trends they're ready to leave behind. John Keeble/Getty ImagesLeifer said his clients aren't using white as a fallback anymore, but rather an intentional decision. "It has to finish a space to a certain degree," Leifer said, but clients aren't falling back on the old rulebook. Instead they're curious to experiment with new touches, like the project where Leifer's using bronze casings around windows.

REUTERS/Aly Song/File PhotoLONDON, Nov 29 - A look at the day ahead in U.S. and global markets from Mike Dolan. They also cheered a relaxation of regulations on developer fundraising that eases the smouldering property sector bust. A crackdown on demonstrations happened simultaneously, with Chinese authorities making inquiries into some protesters as police flooded the city's streets. Strikingly, hawkish Dutch central banker Klaus Knot also said forecasts of recession may be overdone and fears of "overtightening" policy were a "joke". His boss European Central Bank President Christine Lagarde said euro zone inflation, which is expected to ease this month but remain above 10%, has not yet peaked, encouraging speculation of another swingeing 75 basis point interest rate rise next month.

☆ U.S. crude turns positive, Brent pares losses on output on OPEC+ rumors
▼ + stars: | 2022-11-28 | by ( Nia Williams | ) www.reuters.com time to read: +3 min

The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+, will meet on Dec. 4. In October, OPEC+ agreed to reduce its output target by 2 million barrels per day through 2023. "Inventories are still near record lows and this probably increases the odds of an OPEC production cut." However, EU governments were split on the level at which to cap Russian oil prices, with the impact being potentially muted. The price cap is due to come into effect on Dec. 5 when an EU ban on Russian crude also takes effect.

☆ Oil turns positive in output rumours ahead of OPEC+ meeting
▼ + stars: | 2022-11-28 | by ( Nia Williams | ) www.reuters.com time to read: +2 min

☆ Oil falls to near year's lows on China demand worries
▼ + stars: | 2022-11-28 | by ( Nia Williams | ) www.reuters.com time to read: +3 min

ET (1548 GMT), having slumped more than 3% to $80.61 earlier in the session for its lowest since Jan. 4. "Inventories are still near record lows and this probably increases the odds of an OPEC production cut." The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+, will meet on Dec. 4. However, EU governments were split on the level at which to cap Russian oil prices, with the impact being potentially muted. The price cap is due to come into effect on Dec. 5 when an EU ban on Russian crude also takes effect.

☆ Morning Bid: Gloomy enough?
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +4 min

Asset managers tout a return to beaten-down bonds as a result - even if there's far less enthusiasm for equity in that environment. But the view hinges on economies slowing to a point that drags inflation back down toward 2% targets. So far at least, most incoming economic numbers are less gloomy than forecast. Likewise equivalents for the euro zone, China and the world at large - with UK surprises the most positive since April. The People's Bank of China said it would cut the reserve requirement ratio for banks by 25 basis points.

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