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☆ Buy Charles Schwab shares to ride out potential summer volatility, Deutsche Bank says
▼ + stars: | 2023-05-18 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Deutsche Bank thinks Charles Schwab stock is poised to break out in a more challenging market environment in the next three-to-six months. Analyst Brian Bedell also noted that Charles Schwab shares could get a boost once market volatility picks up. SCHW YTD mountain Shares of Charles Schwab have lost about 37% from the start of 2023. "After a lull in market volatility since March, we expect turbulence to resume this summer, assuming economic data weakens & markets increasingly debate recession timing and Fed policy," he wrote Thursday. Bedell also said that a slowdown in cash sorting will also help Schwab shares.

☆ Investors have turned away from a key part of the stock market. Here's why.
▼ + stars: | 2023-05-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 23, 2018. US stock futures rise early Thursday, as investors await the weekly jobless claims report to measure the strength of the labor market. It revealed just a week ago that it already holds $1.5 billion of the world's most popular token. Here are the five bank stocks to bet on now. The tech giant's stock has rallied on its AI efforts, and it surpassed the key threshold for the first time since May 2022.

☆ Charles Schwab's director of trading shares the 3 key factors to look for when picking stocks in 2023 — but says investors may be better off buying bonds
▼ + stars: | 2023-05-18 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

He shares three key factors investors should look for when buying stocks in 2023. But in fact, investors may actually be too optimistic right now, according to Joe Mazzola, Charles Schwab's director of trading and education. At this point, Mazzola believes it's pretty clear the Federal Reserve is planning to pause its rate-hiking cycle in June. One key metric Mazzola tracks is the earnings yield spread, or earnings divided by asset price — the inverse of the more widely followed price-to-earnings ratio. Fundamentally, the earnings yield shows an investor how much they're paying for potential earnings, Mazzola explained.

☆ The debt ceiling 'deadline' is June 1—what to know about the standoff and how it could affect your money
▼ + stars: | 2023-05-18 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

"I think, at the end of the day, we do not have a debt default," House Speaker Kevin McCarthy CNBC's "Squawk Box" on Wednesday morning. What's the debt ceiling? That limit, also known as the debt ceiling, must be raised to cover spending that Congress has approved. This isn't unusual — the debt ceiling has been raised 45 times in the past 40 years. So the U.S. is about to hit the debt ceiling?

☆ Charles Schwab to raise $2.5 bln in long-term debt - WSJ
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +1 min

May 17 (Reuters) - Charles Schwab Corp (SCHW.N) is looking to raise $2.5 billion in long-term debt, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The financial services firm will issue $1.2 billion in debt due in 2029 and $1.3 billion due in 2034, the report added. Shares of the company, which have lost about 38% of their value so far this year, fell 1.5% in extended trading. BofA Securities, Citigroup, Credit Suisse, Goldman Sachs & Co. LLC, J.P. Morgan and Wells Fargo Securities are the joint book-running managers for the offering. Reporting by Manya Saini in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Wall Street's main indexes climbed to session highs by early afternoon trading as shares of Tesla Inc (TSLA.O) extended gains to rise 3.9% after its annual shareholder meeting on Tuesday. U.S. regional banks rose, led by a 14.0% rise in Western Alliance Bancorp (WAL.N) as the lender's deposit growth exceeded $2 billion and brokerage Bank of America Global Research resumed coverage of the bank with a "buy" rating. The KBW Regional Banking Index (.KRX) jumped 5.4% after losing 1.8% in the previous session, while S&P 500 banks (.SPXBK) added 3.4%. The S&P 500 retail index (.SPXRT) rose 1.3%. The S&P index recorded 12 new 52-week highs and 14 new lows, while the Nasdaq recorded 46 new highs and 99 new lows.

☆ Kleintop: Consider Japanese stocks and bonds in the event of a potential U.S. default
▼ + 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 EmailKleintop: Consider Japanese stocks and bonds in the event of a potential U.S. defaultJeff Kleintop of Charles Schwab discusses ways investors can protect their portfolio, especially if the worst-case scenario surrounding the debt ceiling comes to fruition.

☆ Lyft says CFO Paul to step down, appoints replacement
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

May 16 (Reuters) - Lyft Inc (LYFT.O) said on Tuesday Erin Brewer will replace chief financial officer Elaine Paul, who is leaving the ride hailing company months after a new CEO was appointed. The company said Paul, who has served as Lyft CFO since January 2022, was leaving on May 19, and announced Brewer's expected joining on July 10. Chief Accounting Officer Lisa Blackwood-Kapral will serve as finance chief in the interim. Brewer has previously served as the managing director, enterprise finance, at Charles Schwab & Co and head of strategy and finance at software company Atlassian. Reporting by Tiyashi Datta in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

"And as Washington leaks out increments with rolling disclosure about how the discussions are proceeding ... that probably is bolstering confidence in investors." ET, Dow e-minis were up 51 points, or 0.15%, S&P 500 e-minis were up 7.5 points, or 0.18%, and Nasdaq 100 e-minis were up 20.75 points, or 0.15%. Atlanta Fed President Raphael Bostic said on Monday he does not expect any interest-rate cuts this year as he does not see inflation going down as fast as market participants believe. Chicago Fed President Austan Goolsbee, Minneapolis Fed President Neel Kashkari and Fed Board Governor Lisa Cook are among other Fed officials set to speak later in the day. Reporting by Shreyashi Sanyal in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

☆ 3-Stock Lunch: GOOGL, DD & SCHW
▼ + stars: | 2023-05-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: GOOGL, DD & SCHWAri Wald, Oppenheimer managing director, joins ‘Power Lunch’ to discuss three stocks: Alphabet, Dupont De Nemours and Charles Schwab.

☆ Here are Monday's biggest analyst calls: Apple, Exxon, Crox, Meta, JPMorgan Chase, SoFi, DuPont & more
▼ + stars: | 2023-05-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Loop upgrades Meta to buy from hold Loop said it sees a "brighter revenue picture" for the social media giant. Morgan Stanley reiterates Exxon Mobil as overweight Morgan Stanley said it has "high confidence" in the oil and gas giant. We do think consensus estimates for 2023/24 remain too high but believe the buy-side is more aligned with our below-consensus views." Citi initiates AerCap as buy Citi said demand should remain attractive for the aviation leasing company. Deutsche Bank upgrades DuPont to buy from hold Deutsche said DuPoint is well positioned in an uncertain macro. "

☆ Stocks making the biggest moves midday: Shake Shack, Charles Schwab, Activision Blizzard and more
▼ + stars: | 2023-05-15 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Oneok shares slid 7.7%. The IRS is due to release the report this week, the Wall Street Journal reported. Activision shares added 1%, while Microsoft was little changed. The Wall Street firm said shares trade at a significant discount to peers. The Coach and Kate Spade parent has a strong valuation and long-term investment case, the Wall Street firm said.

☆ Charles Schwab's shares climb after an upgrade. Here's what the experts say to do next
▼ + stars: | 2023-05-15 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts as Charles Schwab 's shares jumped to close the trading day up 4% after an upgrade from Raymond James . The experts, including Jim Cramer , discussed the bank stock after the firm hiked its rating on Schwab to outperform from market perform. Raymond James has a price target of $63, on the stock, reflecting upside of roughly 24% from Monday's close, as Schwab continues to draw in new accounts and assets during this volatile period for financials.

Raymond James thinks Charles Schwab 's core business remains healthy despite concerns about the volatility in the banking system. Schwab's "core franchise [is] still healthy," the analyst wrote in a Monday note to clients. "Importantly, concerns about the stability of the banking system have not impaired Schwab's ability to attract new accounts and assets. In fact, net new accounts grew at a 4.3% annualized pace in 1Q23 while core net new assets grew at a 7.5% pace." To be sure, he noted that elevated cash sorting "is a stark reminder of the interest rate risk inherent within Schwab's business model."

☆ Stocks making the biggest premarket moves: Shake Shack, Charles Schwab, H&R Block, DuPont and more
▼ + stars: | 2023-05-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Charles Schwab -- Stock in the brokerage firm added 2.4% in premarket trading. SoFi Technologies -- The stock sank nearly 6% in the premarket following a downgrade by Wedbush to underperform from neutral. The Wall Street firm said SoFi's fee income may be reaching a tipping point and it may need to raise capital this year to support growth. Dupont De Nemours -- Shares added 2.7% in premarket trading after Deutsche Bank upgraded the chemical company to buy from hold. The Wall Street firm said the stock was trading at a 50% discount to its peers.

☆ How to invest in the S&P 500 — a guide to the funds that mimic the influential index's makeup and moves
▼ + stars: | 2023-05-15 | by ( Martin Daks | ) www.businessinsider.com time to read: +17 min

After tracking the S&P 500 from 1965 to 2021, Berkshire Hathaway found the compound annual gain in the S&P 500 was 10.5%. In the case of S&P 500 index funds, the stocks are those of the companies listed in the S&P 500. With 500+ stocks in their portfolio, S&P 500 funds are especially diversified, their securities representing a range of industries. With 500+ stocks in their portfolio, S&P 500 funds are especially diversified, their securities representing a range of industries. The diversified, passive approach of S&P 500 funds — like most index funds — means an investor's downside is generally limited.

☆ The Fed likely won't cut rates this year. Why that's good news for markets
▼ + stars: | 2023-05-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

Although a pause in interest rate hikes appears likely, cuts may be farther off than some believe. Still, investors have remained hyper-alert for signs that the central bank could let up its brisk clip of interest rate increases. The central bank also opened the door to a pause, accelerating bets that the Fed will hold rates steady at its next meeting in June and cut rates as soon as July. The Fed is unlikely to cut rates in JulyExperts say that the Fed won’t cut rates anytime soon for two key reasons: Inflation remains sticky, and the economy has stayed strong. that’s not to say that a Fed rate cut this year is completely out of the cards, says Nicole Webb, senior vice president at Wealth Enhancement Group.

☆ Stocks making the biggest moves midday: First Solar, News Corp, Charles Schwab, Twilio and more
▼ + stars: | 2023-05-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday:First Solar — Shares soared 26.48% after the solar company announced it is acquiring Evolar AB for up to $80 million. First Solar said the acquisition of the European company, which develops thin film used in solar panels, should accelerate its development of next-generation photovoltaic technology. News Corp — The media company's stock popped 8.48% after it reported an earnings and revenue beat for its fiscal third quarter after the bell Thursday, according to FactSet. JD.com — The Chinese e-commerce company's U.S.-listed shares slid 6.19%, a day after gaining 7.2% on an earnings beat. Charles Schwab — Shares of the brokerage firm rose 2.54% Friday after the company reported total client assets rose 1% in April.

☆ Covid caused huge shortages in the jobs market. It may be easing — but there's another problem ahead
▼ + stars: | 2023-05-11 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Data aggregated by Charles Schwab showed that in U.S. corporate earnings since the start of this year, phrases relating to workforce reductions began to exceed those relating to labor shortages for the first time since mid-2021. 'From shortages to gluts' Kleintop also cited tighter lending conditions as contributing to a weaker jobs outlook, pointing to a "clear and intuitive leading relationship between banks' lending standards and job growth." "Modest growth in labor supply will also ease shortages, driven by higher participation rates from younger worker cohorts and fading pandemic-related frictions," Moody's strategists said. watch nowServices job growth has been a key factor behind labor market resilience in the face of global economic weakness over the past year, as a result of a post-pandemic surge in demand. Based on estimates of labor supply lost to aging since the Covid pandemic, Moody's believes the coming drag will be "significant."

☆ What the debt ceiling standoff means for money market funds
▼ + stars: | 2023-05-10 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

But some investors worry about increased risk as the debt ceiling debate intensifies. Money market funds — which are different than money market deposit accounts — typically invest in lower-risk, short-term debt, such as Treasury bills, and may make sense for short-term investing goals. As a result, some of the biggest money market funds are paying nearly 5% or more as of May 9, according to Crane data. Investors worry funds may 'break the buck'As default concerns rise, investors fear money market funds may "break the buck," which happens when a fund's so-called net asset value, or total assets minus liabilities, falls below $1. Money market funds may provide an 'opportunity'Despite the looming debt ceiling, advisors are still recommending money market funds for cash.

☆ Charles Schwab's accounts growing faster now than before the banking crisis, says Harris' Alex Fitch
▼ + stars: | 2023-05-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharles Schwab's accounts growing faster now than before the banking crisis, says Harris' Alex FitchAlex Fitch, Harris Associates partner, joins 'Fast Money' to talk the bull case for Charles Schwab amid a banking crisis.

☆ Options Action: Investors leaning bearish on Charles Schwab
▼ + stars: | 2023-05-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOptions Action: Investors leaning bearish on Charles SchwabMike Khouw, Optimize Advisors president, joins CNBC’s Melissa Lee and the Options Action traders to talk the bearish sentiment hitting Charles Schwab stock today.

☆ Furyk named as third U.S. vice captain for Ryder Cup
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +2 min

Mandatory Credit: Allan Henry-USA TODAY SportsMay 8 (Reuters) - United States Ryder Cup captain Zach Johnson, looking for leadership and experience, named Jim Furyk as one of his vice captains on Monday for this year's event in Italy. Furyk boasts a wealth of Ryder Cup experience having played in the biennial competition between the United States and Europe in nine consecutive editions from 1997 while serving as captain in 2018 and vice captain in 2016 and 2021. Johnson previously appointed former Ryder Cup captains Steve Stricker and Davis Love III as vice captains. "I've been involved in the Ryder Cup since 1997, and my passion for this event is unmatched," said Furyk, who last week was named U.S. team captain for the 2024 Presidents Cup. The 2023 Ryder Cup will be played from Sept. 29-Oct. 1 at Marco Simone Golf & Country Club in Rome.

☆ Bill Nygren buys this regional bank with strong deposits, says 'inappropriate role' of short selling contributing to fears
▼ + stars: | 2023-05-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Oakmark Funds' Bill Nygren scooped up shares of Truist Financial during the first-quarter banking rout that saw the collapse of Silicon Valley Bank . According to Nygren, investors are laser-focusing on Truist's mortgage portfolio and overlooking its insurance brokerage business. TFC 1D mountain Truist shares pop on Friday The bank recently sold 20% of its insurance brokerage business to private equity group Stone Point Capital . Beyond Truist, Nygren sees several opportunities in the sector. No 'spiraling fundamental problem' Despite some resurfacing bank fears, Nygren expects the sector to fair okay over the long haul.

☆ Inside Wells Fargo's 'chaotic' journey to transform its services for the ultrarich
▼ + stars: | 2023-05-04 | by ( Hayley Cuccinello | Reed Alexander | ) www.businessinsider.com time to read: +23 min

In late 2020, some 300 Wells Fargo employees were summoned to a conference call. "I actually welcomed that, although I did like Abbot Downing," he said of folding Abbot Downing into the private bank. One team of legacy Abbot Downing employees with $3.5 billion in assets left for Hirtle Callaghan in June 2021. Today, Ginter runs a registered investment advisor called Callan Family Office, which some former Abbot Downing employees refer to as "the new Abbot Downing." Are you a current or former client of Wells Fargo Private Bank or Abbot Downing?

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