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☆ These stocks win when interest rates rise, according to Goldman
▼ + stars: | 2023-09-22 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Interest rates are on a tear this week, sending stocks toward their biggest weekly loss since March. In other words, their share prices typically gain when longer-term rates rise. BA YTD mountain Boeing stock. Some of these stocks could be hurt if this rise in rates triggers a recession. But if rates continue to rise because of inflationary forces and the economy rolls over, Boeing may break from its historic precedent.

Persons: Goldman Sachs, Marc Benioff, Max, — CNBC's Michael Bloom Organizations: Treasury, Federal, Boeing, of International Trade, Mosaic

☆ Boeing gets downgraded by CFRA as near-term headwinds add up
▼ + stars: | 2023-09-22 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

It's time to move to the sidelines on Boeing as short-term headwinds pile up, according to CFRA. The firm downgraded the aircraft maker to hold from buy on Thursday and lowered its 12-month price target to $210 from $253. Analyst Stewart Glickman said the cuts are warranted "by a litany of quality control issues across the aerospace industry. The downgrade comes a month after Boeing said a new manufacturing flaw on its 737 Max jet will delay deliveries of the strong-selling aircraft. BA YTD mountain Boeing ytd chart Glickman also cut his 2024 earnings forecast to $5.39 per share from $6.02 per share.

Persons: Stewart Glickman, Glickman, — Michael Bloom Organizations: Boeing

☆ Here are Friday's biggest analyst calls: Netflix, Apple, Walmart, Arm, Ralph Lauren, Wells Fargo and more
▼ + stars: | 2023-09-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Deutsche Bank reiterates Wells Fargo as buy Deutsche Bank said it's standing by its buy rating on the stock. " BTIG initiates Instacart as neutral BTIG initiated the stock with a neutral rating mainly on valuation. Raymond James initiates Ralph Lauren as outperform Raymond James said in its initiation of Ralph Lauren that it has "strengthening direct-to-consumer." Oppenheimer reiterates Netflix as outperform Oppenheimer lowered its price target on the stock but said it's standing by its outperform rating on shares of Netflix. "Following CFO comments at competitor conference, we are lowering '24E/'25E margins and reducing target to $470 from $515, but maintaining Outperform rating on revenue outlook."

Persons: Goldman Sachs, it's, Meta's, Raymond James, Ralph Lauren, Wells, Wells Fargo, Oppenheimer, Morgan Stanley, XOM, Jefferies, Chris Rolland, downgrades Deere, Canaccord, Bernstein, underperform Bernstein Organizations: Constellation Brands, Deutsche Bank, WFC, Citi, Meta Citi, Meta's, Meta, CART, Bank of America, Apple, of America, Boeing, Communications, Cable, UBS, Netflix, Jefferies, Susquehanna, Semiconductor, Deere, HSBC, Walmart, Procter, Gamble, Procter & Gamble Locations: China, EBITDA

☆ Covid hospitalizations spike with new variant as school returns, U.S. readies vaccines
▼ + stars: | 2023-09-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

The late summer Covid spike comes after a quiet year in which hospitalizations and deaths declined week after week since January. "We're living in a bit of a fantasy world where we're pretending Covid is not relevant," Birx told ABC in a podcast interview last week. Birx said those vaccines should have been released weeks ago to combat the predictable summer wave, adding the U.S. should already be developing new shots for January to target the emerging BA.2.86 variant. The updated shots should be effective at reducing severe disease and hospitalization from the variant, according to the agency. The first lady last caught Covid in August 2022 and the president tested positive in July of last year.

Persons: Shannon Stapleton, Reuters Covid, Deborah Birx, Trump, Covid, Birx, we're, Novavax, Moderna, Karine Jean, Pierre, Biden, Anthony Fauci, Fauci, It's, Still, Jill Biden, Joe Biden Organizations: Intensive Care Unit, Western Reserve Hospital, Reuters, hospitalizations, Centers for Disease Control, White, ABC, Pfizer, Moderna, CDC, U.S, BBC, National Institute of Allergy, White House Locations: Cuyahoga Falls , Ohio, U.S, ., Arkansas , Colorado , Indiana , Kansas , Minnesota , Oklahoma , Tennessee , Utah, Wyoming, China, Kentucky, Texas, India

Oleg Panteleev, head of the AviaPort aviation think-tank in Moscow, said Russian airlines have "solved the problem" of operating under Western sanctions. When those firms stopped providing services – Lufthansa Technik said it suspended sales to Russia from Feb. 28, 2022 – Russian airlines turned to a pool of far smaller suppliers. Ivan Melnicov, chief executive of Air Rock and another aircraft parts distributor in Moldova called Aerostage Services, denied selling products to Russia. Most of the shipments listed in Russian customs records as having been made by Air Rock and Aerostage took circuitous routes, transiting through the UAE or Kyrgyzstan. He said Skyparts had procured one of the Northrop Grumman parts from a U.S. supplier but denied ever sending it to Russia.

Persons: Paul Hanna, Northrop, Oleg Panteleev, Kirill Skuratov, Northrop Grumman, Ivan Melnicov, Melnicov, Aerostage, Kafolati Komil, Mahmadbashir Yakubov, Kafolati, Skyparts FZCO, Lisa Barrington, Saeed Abdulloev, Skyparts, Karine Bukrey, Ramses Turizm, Bukrey's, Ramazan, Bukrey, Akpinar, Nordwind, Valery Pashaev, Pashaev, Maurice Tamman, David Clarke, Daniel Flynn Organizations: Ural Airlines Airbus, Palma de Mallorca, REUTERS, Rights, U.S ., Northrop Grumman, Central Asia, Airbus, Boeing, Ural Airlines, Northrop, United Arab Emirates, Western, Reuters, of Commerce, European Union, Russian, S7 Airlines, Reuters Graphics Reuters, Aeroflot, Lufthansa Technik, Engineering, Rock Solutions, Air Rock, Aerostage Services, Airlines, UAE, Istikloliyat, Skyparts, Nordwind Airlines, Thomson Locations: Palma de, Spain, Russian, Yekaterinburg, U.S, Moscow, Russia, Central, Ukraine, Tajikistan, UAE, Turkey, China, Kyrgyzstan, Swiss, Germany, Moldova, Air, Moldovan, Saudi Arabia, Komilchon, Ural, Dubai, United Arab, Turkish, Antalya, Nusret, Technic, New York

☆ These are the best-performing Dow stocks this summer. Where analysts see them going
▼ + stars: | 2023-08-23 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Since Memorial Day, the 30-stock benchmark is up more than 3%, as some tech and nontech names gain traction. To help answer it, CNBC Pro searched for the best-performing Dow stocks since May 29. Intel made the list, rising more than 13% from Memorial Day through Tuesday's close. The best performer on the list is Caterpillar , which has added nearly 28% from Memorial Day through Tuesday. About 41% of analysts polled by FactSet maintain a buy rating on the stock, and the average price target implies 6.6% upside.

Persons: Dow, FactSet Organizations: Dow Jones, CNBC Pro, Dow, Intel, UBS, Boeing, FactSet, Caterpillar Locations: Tuesday's

☆ iPhone Photography Awards 2023: Winners unveiled
▼ + stars: | 2023-08-03 | by ( Christy Choi | ) edition.cnn.com time to read: +2 min

CNN —Organizers announced the winners of the 2023 iPhone Photography Awards on Monday. Scott Galloway/iPhone Photography Awards"Palazzo della Civiltà Italiana,"Rome, Italy, by Leon Wang (United States) won 3rd place in Architecture. Sofia Ershova/iPhone Photography Awards"Duet," Zhejiang, China, by Zhang Xiaojun (China) won 3rd place in Children. Zhang Xiaojun/iPhone Photography Awards"Kapkungkap Tadau" Phuket, Thailand by Juan Castaneda (United States) won 2nd place in Series. Juan Castaneda/iPhone Photography Awards"Bi Mo," Zhaojue County, China, by Jian Wang (China) won 2nd place in People.

Persons: Ivan Silva, Heroe, Lionel Messi, Thea Mihu, Ba Jia Jiang, Surong Zhu, Scott Galloway, Leon Wang, Sofia Ershova, Zhang Xiaojun, Juan Castaneda, Jian Wang, Sasa Borozan, Beata Krowicka, Barry Mayes Organizations: CNN — Organizers, Italiana, Diesel Locations: Mexico, Sweden, Hanoi, Vietnam, Germany, Fujian, China, Ohio, USA, United States, Rome, Italy, Architecture, California, Zhejiang, Phuket, Thailand, Zhaojue County, People, Nature, Croatia, Bosnia, Herzegovina, Grande, Argentina, Poland, Travel, Sierra Leone, United Kingdom

☆ Passenger uses AirTag to track the bike his airline lost
▼ + stars: | 2023-07-28 | by ( Julia Buckley | ) edition.cnn.com time to read: +8 min

“I keep doing these epic bike trips [abroad] and with each one I think it’s probably the last I’m going to do. Inside he put an AirTag – Apple’s luggage tracker – which he’d bought a year earlier, after hearing other cyclists rave about them. Each day, he updated his location on the British Airways website, and each day, his bike failed to arrive – or move from Heathrow, according to the AirTag. The Twitter campaignSherry repeatedly tweeted a photo of his bike and its location to the airline. “And I had no problems with luggage.”So what was the key to reuniting Sherry with his bike?

Persons: Barry Sherry, Sherry, “, I’m, ”, it’s, he’d, He’d, –, wasn’t, “ I’ve, didn’t, Sherry wasn’t, Paul Ellis, “ I’d, Ben, “ didn’t, who’d, couriered, Fränk, Andy Schleck, who’ve, I’d Organizations: CNN, de France, American Airlines –, British Airways, Washington DC, Heathrow, Getty Images British Airways, American Airlines, Heathrow Airport, “ AA, Tour de France, Dulles, Virgin, Heathrow Twitter Locations: Virginia, Europe, Swiss, Luxembourg, Finland, Switzerland, Washington, London, Zurich, AFP, Heathrow, Lake Lucerne, Helsinki, Copenhagen, Finnair

☆ Richard Barancik, Last of the World War II Monuments Men, Dies at 98
▼ + stars: | 2023-07-22 | by ( Richard Sandomir | More About Richard Sandomir | ) www.nytimes.com time to read: +1 min

Richard Barancik, the last surviving member of the Allied unit known as the Monuments Men and Women, which during and after World War II preserved a vast amount of European artworks and cultural treasures that had been looted and hidden by Nazi Germany, died on July 14 in Chicago. His death, in a hospital, was confirmed by his daughter Jill Barancik. We did everything we could to salvage what the Nazis had done. It’s the best we could do.”An Army private first class, Mr. Barancik served in England and France — where he was not on the front lines, his daughter said, and enjoyed the marching, food and structure of military life — until Germany surrendered. After being deployed to Salzburg, Austria, he volunteered for the Monuments Men serving for three months as a driver and guard.

Persons: Richard Barancik, Jill Barancik, Barancik, — Organizations: Fine Arts, Los Angeles Times, Army, France —, Monuments Locations: Nazi Germany, Chicago, Washington, Europe, England, France, Germany, Salzburg, Austria

☆ These stocks that are about to turn a profit should beat the market, Jefferies says
▼ + stars: | 2023-07-09 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

In a Thursday note, the firm outlined a basket of stocks that may be on the brink of turning a profit. Jefferies has a buy rating on DraftKings stock with a $35 per share price target, or about 39% upside from Thursday's close. Jefferies' buy rating and $250 per share price target equates to roughly 18% upside for the stock from Thursday's close. SoFi stock has climbed more than 78% from the start of the year. SOFI YTD mountain Jefferies' buy rating and $9.60 price target forecasts about 19% upside for SoFi Stock.

Persons: Jefferies, John Colantuoni, Colantuoni Organizations: CNBC, Boeing, Jefferies, SoFi Stock Locations: SoFi, fintech

The world's third-largest aircraft maker after Airbus (AIR.PA) and Boeing (BA.N), Embraer bagged 13 fresh orders for commercial jets at the Paris Airshow, falling short of market estimates and previous years' levels. The 13 new orders compared with 74 secured at Le Bourget in 2019 and 28 in Farnborough last year. They also lagged some upbeat market forecasts, including expectations by JPMorgan analysts for at least 30 orders. In Paris, investors were especially disappointed by the lack of orders from the booming Indian airline market, which handled an all-time-high 500-plane transaction to Airbus and new orders to Boeing. "We believe that most of the pre-event excitement has already been adjusted in share prices," said XP Investimentos, while also rates Embraer a "buy."

Persons: Le Bourget, Gabriel Araujo, Conor Humphries, Leslie Adler Organizations: SAO PAULO, Embraer, EMBR3, Airbus, Boeing, Paris, Le, JPMorgan, American Airlines, Royal, Salam Air, Thomson Locations: China, Farnborough, U.S, Paris, Royal Jordanian, New York

The case for investing in India — a nation of 1.4 billion — is clear, and only bolstered by recent geopolitical shifts. As Western leaders look to boost economic cooperation with countries that share similar values, India, the world’s largest democracy, stands to gain. Arun Sankar/AFP/Getty ImagesIndia’s so-called “demographic dividend,” the potential economic growth arising from a large working-age population, represents a major opportunity. A recent Air India order for more than 200 Boeing planes could support more than 1 million American jobs. One consistent with our democratic values, and another not.”‘Economic miracle?’Beyond geopolitics, India’s economic and demographic fundamentals are driving business interest.

☆ Tech powers Nasdaq gains; recession fears weigh on cyclicals, dollar
▼ + stars: | 2023-04-26 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 14, 2023. "(Recession) is still out there as a pretty significant risk, but handicapping the timing of it is difficult." Upbeat earnings from Microsoft (MSFT.O), Alphabet Inc (GOOGL.O) and Boeing Co (BA.N) took the sting out of some disappointing economic data, which suggested weakening corporate expenditures on core capital goods. Emerging market stocks rose 0.23%. The dollar index fell 0.35%, with the euro up 0.57% to $1.1034.

☆ Techs lift the S&P 500, dollar softens
▼ + stars: | 2023-04-26 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

SINGAPORE, April 26 (Reuters) - The S&P 500 inched higher on Wednesday and the dollar weakened as investors weighed solid company earnings against weaker-than-expected economic data and ongoing wrangling in Washington on raising the debt ceiling. "Megacaps are doing well based on strong earnings," said Bill Northey, senior investment director at U.S. Bancorp in Helena, Montana. The Dow Jones Industrial Average (.DJI) fell 42.01 points, or 0.13%, to 33,488.82, and the S&P 500 (.SPX) gained 8.73 points, or 0.21%, to 4,080.36. The U.S. dollar softened against a basket of major world currencies as the previous session's flight to safety faded and the euro gained strengthThe dollar index fell 0.46%, with the euro up 0.68% to $1.1047. Crude prices extended their losses as weak economic data further fueled fears of an economic downturn.

☆ Arcturus: WHO watching XBB.1.16 as a coronavirus variant of interest
▼ + stars: | 2023-04-24 | by ( Brenda Goodman | ) edition.cnn.com time to read: +2 min

CNN —The World Health Organization has elevated the fast-growing Omicron sublineage XBB.1.16 as a new variant of interest, and says it is outcompeting the previously dominant XBB.1.5 in many regions. XBB.1.16 is a descendant of the recombinant XBB, which is a mashup of two BA.2 sublineages. On social media, the variant has been nicknamed Arcturus, like the brightest star in the northern celestial hemisphere. Currently, it is the dominant variant in India, where it is causing a wave of mostly mild illnesses. The XBB.1.5 variant continues to be the dominant cause of new infections in the United States, according to data from the US Centers for Disease Control and Prevention.

☆ Israel in advanced talks with Germany to sell Arrow-3 missile defense
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, April 20 (Reuters) - Israel is in advanced negotiations with Germany to sell its Arrow-3 missile defense system, Israel's Defense Ministry said on Thursday. It is the top layer of Israel's missile defense array, which extends from Iron Dome that intercepts short-range rockets to Arrow-3's long-range missiles that destroy any non-conventional warheads at a safe altitude. Talks with the German defense ministry have been accelerated and the aim is to export the system in the near future, said Israel's Defense Ministry. The project has U.S. backing so the sale would require approval from Washington, the ministry said. State-owned Israel Aerospace Industries (ISRAI.UL) is the project's main contractor and Boeing (BA.N) is involved in producing the interceptors.

☆ Wall St dips to lower close as rate hike bets firm, banks jump
▼ + stars: | 2023-04-14 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

"Today we're taking bit of a breather," said Sal Bruno, chief investment officer at IndexIQ in New York. Citigroup Inc (C.N), JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co (WFC.N) beat earnings expectations, benefiting from rising interest rates and easing fears of stress in the banking system. The S&P 500 banking sector (.SPXBK) jumped 3.5% and JPMorgan Chase surged 7.6%, its biggest one-day percentage gain since Nov. 9, 2020. Among the 11 major sectors of the S&P 500, seven ended the session lower, with real estate (.SPLRCR) falling most. The S&P 500 posted 11 new 52-week highs and two new lows; the Nasdaq Composite recorded 47 new highs and 205 new lows.

☆ Wall St slides as rate hike expectations firm, banks surge
▼ + stars: | 2023-04-14 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

"As expected, the bigger banks were probably not harmed that much by the regional banking turmoil, and possibly even beneficiaries of it," Mayfield added. "We saw mostly strong and healthy balance sheets, and it's pretty clear (the regional banking) crisis isn't systemic." The S&P 500 banking sector (.SPXBK) jumped 3.4% and JPMorgan Chase surged 7.3%, setting itself up for its biggest one-day percentage gain since Nov. 9, 2020. Among the 11 major sectors of the S&P 500, financials (.SPSY) were the sole gainers. The S&P 500 posted nine new 52-week highs and two new lows; the Nasdaq Composite recorded 37 new highs and 182 new lows.

BlackRock Inc's (BLK.N) quarterly profit also beat analysts' estimates as investors continued to pour money in the world's largest asset manager's various funds. The S&P 500 banks index (.SPXBK) has lagged the broader S&P 500 (.SPX) this year with a 13% decline, while the KBW Regional Banking index (.KRX) has already lost 20% in its worst performance since 2009. Bank stocks lag S&P 500 this yearThe S&P 500 and the Dow Jones Industrial (.DJI) closed at almost two-month highs on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Fed could be nearing the end of its aggressive interest rate-hike cycle. Among other big-ticket earnings, healthcare conglomerate UnitedHealth Group Inc (UNH.N) beat estimates for quarterly profit and raised its annual forecast, pushing its shares up 0.7%. ET, Dow e-minis were down 9 points, or 0.03%, S&P 500 e-minis were down 4 points, or 0.10%, and Nasdaq 100 e-minis were down 68.75 points, or 0.52%.

☆ Jim Cramer's top 10 things to watch in the stock market Friday
▼ + stars: | 2023-04-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

JPM revenue $39.3 billion versus $36.2 billion expected; adjusted EPS $4.32 versus $3.41 expected. WFC revenue $20.7 billion versus $20.1 billion expected; adjusted EPS $1.23 versus $1.13; bought back $4 billion at $46. Dow stock JPM up nearly 6%, the most I have ever seen ahead of regular trading. Dow stock Boeing keeping a lid on the Dow after a big rally Thursday. Revenue $91.9 billion versus $89.4 billion expected.

☆ Jim Cramer's top 10 things to watch in the stock market Wednesday
▼ + stars: | 2023-04-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Deutsche Bank named industrial Club holding Honeywell (HON) a short-term investment idea, citing its "highly attractive portfolio at this point in the cycle." The firm maintained an overweight rating on JNJ stock and a price target of $195 per share. Susquehanna maintained a positive rating on the stock and price target of $260 per share. 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.

☆ History shows now is a great time to buy this Dow member, Bernstein says
▼ + stars: | 2023-04-11 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

"But, when we examine Boeing's current situation alongside twenty years of history, we still see this as an attractive time to buy." Each of these periods share common themes: global airline traffic was increasing, the delivery outlook forecasted strong growth and rising free cash flow was on the horizon — but investor sentiment was negative. Boeing stock has a history of following free cash flow specifically, Harned said. "But, once cash flow starts to come, the shares have a history of gathering extraordinary amounts of momentum." Defense issues could also hamper the company's ability to meet its free cash flow goals in 2025 and 2026, he said.

BUENOS AIRES, April 7 (Reuters) - Argentina's state oil company YPF has agreed to pay nearly $300 million to the creditors of one of its now-bankrupt subsidiaries after they sued the company in relation to a historical U.S. environmental case, it said. In 2016, Maxus Energy Corporation filed for chapter 11 protection in the U.S. Bankruptcy Court in Delaware. YPF said its former subsidiary had met its obligations until then, without specifying if these were financial or environmental. Under the conciliation agreement reached this week, the Maxus Liquidation Trust agreed to drop the claims it had filed against both YPF and co-defendant Spanish oil company Repsol, the statement issued by YPF said. In turn, YPF and Repsol agreed to pay the trust $287.5 million each, without admitting any responsibility.

☆ Branson's Virgin Orbit files for bankruptcy, to seek buyer
▼ + stars: | 2023-04-04 | by ( Joey Roulette | ) www.reuters.com time to read: +4 min

Virgin Orbit went public in 2021 through a blank-check deal, raising $255 million less than expected. Spun off from Branson's space tourism firm Virgin Galactic in 2017, Virgin Orbit air-launches rockets from beneath a modified Boeing (BA.N) 747 plane to send satellites into orbit. Virgin Orbit's strategy has been that launching small rockets from a 747 in flight would allow for short-notice launches from anywhere. Virgin Investments, a unit of Virgin Group, will provide $31.6 million in new money to Virgin Orbit through debtor-in-possession financing to fund operations while it looks for a buyer in bankruptcy, the companies said. Virgin Orbit's bankruptcy filing showed its largest creditor as London-based Arqit Ltd, which was owed almost $10 million for services and as a customer deposit.

☆ Here are Tuesday's biggest analyst calls: Apple, Amazon, Boeing, Chipotle, Rivian, Etsy, Exxon & more
▼ + stars: | 2023-04-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Piper Sandler reiterates Apple as overweight Piper said iPhone share remains at near record levels for Apple. Bank of America reiterates Endeavor as buy Bank of America said it's bullish on Endeavor's plan to merge WWE and UFC. Piper Sandler upgrades Etsy to overweight from neutral Piper said it sees "continued share gains" for the e-commerce company. Deutsche Bank reiterates Citizens Financial and PNC as buy Deutsche said it's cautious on bank stocks overall, but that it likes Citizens and PNC as top picks. Bank of America reiterates Analog Devices as buy Bank of America said Analog Devices has "best-in-class" free-cash flow returns.

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