DIRS.INFO The most relevant business & tech news

☆ We're going through a 'digestive phase' right now in tech, says CFRA's Sam Stovall
▼ + stars: | 2024-04-02 | 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 EmailWe're going through a 'digestive phase' right now in tech, says CFRA's Sam StovallSam Stovall, CFRA Research chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, why he believes the S&P 500 is getting increasingly vulnerable to a meaningful sell-off, tech sector performance, the Fed's interest rate outlook, and more.

Persons: CFRA's Sam Stovall Sam Stovall Organizations: CFRA Research

☆ Boardroom proxy battle has been 'therapeutic' for Disney's management, says CFRA's Ken Leon
▼ + stars: | 2024-04-02 | 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 EmailBoardroom proxy battle has been 'therapeutic' for Disney's management, says CFRA's Ken LeonKen Leon, CFRA Director of Equity Research, joins 'Closing Bell Overtime' to talk the ongoing showdown between Disney CEO Bob Iger and board nominee Nelson Peltz.

Persons: Ken Leon Ken Leon, Bob Iger, Nelson Peltz Organizations: Equity Research, Disney

☆ Investors should buckle up as strong first quarters often lead to 'frightful' corrections, says Sam Stovall
▼ + stars: | 2024-04-02 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It is time for investors to buckle up as a strong first quarter could be followed by a frightful year, according to CFRA's Sam Stovall. .SPX 1D mountain S & P 500 History shows investors should expect volatility can continue, according to Stovall. A strong first quarter typically suggests a good second quarter, the strategist found. After 13 of those 15 strongest first quarters, the S & P 500 registered "intrayear" declines of 5% or more. "So, in other words, this strong start implies a frightful yet fulfilling full-year performance for the S & P 500," he said.

Persons: Sam Stovall, Stocks, Stovall, CNBC's, — Organizations: Fed

☆ Wall Street could be in for another good quarter after an exuberant start to the year, history shows
▼ + stars: | 2024-03-28 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Wall Street could be in for another solid quarter as stocks have embarked on a strong start to the year. Specifically, in the second quarter, the S & P 500 was higher 9 out of 11 times, averaging a 2.7% gain. Significantly, two occurrences of those 10% first-quarter gains Detrick reviewed took place during election years, with the S & P 500 ending higher on the year. In 1976, the S & P 500 went on to register a 1.5% increase in the second quarter, and a 4.6% jump for the rest of the year. The Wall Street firm maintained its year-end S & P 500 target of 5,050, representing a 3.8% slide from Wednesday's close.

Persons: Ryan Detrick, We've, there'd, Detrick, CNBC's, Research's Sam Stovall, Stovall, Piper Sandler, Craig Johnson, Brian Nick, Nick, John Stoltzfus, Ayako Yoshioka, Yoshioka, CFRA's Stovall, FactSet Organizations: Nvidia, VanEck Semiconductor, Dow Jones, Carson Group, Macro, PMI, Manufacturing, ADP, Survey, Services PMI, Weston Holdings, Conagra Brands, Consumer Credit Locations: U.S

☆ Volume growth is a lag on UPS, says CFRA's Stewart Glickman
▼ + stars: | 2024-03-26 | 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 EmailVolume growth is a lag on UPS, says CFRA's Stewart GlickmanStewart Glickman, CFRA Deputy Research Director, joins 'Closing Bell: Overtime' to discuss UPS as the company's stock has its worse day since January.

Persons: CFRA's Stewart Glickman Stewart Glickman Organizations: UPS

☆ CapEx environment will grow 25% this year, says CFRA's Angelo Zino
▼ + stars: | 2024-03-26 | 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 EmailCapEx environment will grow 25% this year, says CFRA's Angelo ZinoAngelo Zino, senior industry analyst at CFRA Research, joins 'Power Lunch' to discuss what's driving spending this year from tech companies, whether there will be sustained growth rates on spending in the future, and more.

Persons: CFRA's Angelo Zino Angelo Zino Organizations: CFRA Research

☆ Nordstrom shares sink on weak guidance, CFRA's Zachary Warring says move is 'just a breather'
▼ + stars: | 2024-03-05 | 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 EmailNordstrom shares sink on weak guidance, CFRA's Zachary Warring says move is 'just a breather'Zachary Warring, CFRA Equity Research Analyst, joins 'Closing Bell Overtime' to talk Ross and Nordstrom quarterly results.

Persons: CFRA's Zachary Warring, Zachary, Ross, Nordstrom Organizations: Nordstrom, CFRA Equity Research

☆ Walmart is a 'much more diversified' company than Target, says CFRA's Arun Sundaram
▼ + stars: | 2024-03-05 | 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 EmailWalmart is a 'much more diversified' company than Target, says CFRA's Arun SundaramArun Sundaram, CFRA analyst, joins 'Squawk on the Street' to discuss Target as the company's stock is trading higher following the fourth-quarter earnings report, the divergence in equity performance between Target and Walmart, and more.

Persons: CFRA's Arun Sundaram Arun Sundaram Organizations: Walmart, Target

☆ The market is due for some sort of digestion of gains, says CFRA's Sam Stovall
▼ + stars: | 2024-03-04 | 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 EmailThe market is due for some sort of digestion of gains, says CFRA's Sam StovallSam Stovall, CFRA Research chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, state of the economy, the Fed's interest rate outlook, and more.

Persons: CFRA's Sam Stovall Sam Stovall Organizations: CFRA Research

☆ Can Buffett’s Berkshire make the $1 trillion milestone? Analysts weigh in
▼ + stars: | 2024-02-26 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Wall Street analysts have a cautious view on Berkshire Hathaway , though they praised a solid earnings report over the weekend from Warren Buffett 's conglomerate. Berkshire also said its cash rose to a record $167.6 billion, topping its prior high of $157.2 billion held in the previous quarter. Berkshire's stock initally rose in trading on Monday, with both classes hitting all-time highs intraday, and bringing the conglomerate closer to a $1 trillion valuation. BRK.A YTD mountain Berkshire Hathaway Class A However, many Wall Street analysts are wary on Berkshire, with many expecting that the stock is fairly valued as much of the strength is already priced into the stock. Berkshire's solid earnings reflected outperformance in auto insurer Geico, but the results were dinged by lower earnings in utilities and energy.

Persons: Berkshire Hathaway, Warren Buffett, FactSet, Edward Jones, James Shanahan, Keefe, Woods, Meyer Shields, Shields, Brian Meredith, CFRA's Catherine Seifert, Buffett, Michael Bloom Organizations: Berkshire Hathaway, Wall, UBS Locations: Berkshire, Omaha

Elena Perova | Istock | Getty ImagesJust ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on food and other staples were falling instead of rising. But the retail giant backpedaled this week, saying higher prices on many grocery items and household staples like paper goods have stuck. Food prices climbed 2.6%, fueled by a 5.1% jump in prices for food away from home, a category that includes restaurant meals and vending machine purchases. That gives their makers the ability to keep raising prices to mitigate higher costs, even as their volume drops. Even some of the biggest U.S. brands have signaled that consumers' tolerance of higher prices has worn thin.

Persons: Elena Perova, John David Rainey, Coke, James Quincey, Gregory Daco, airfares, Tyson, Fernando Fernandez, Arun Sundaram, Kraft Heinz, Chocolate, Hershey, Edward Jones, Brittany Quatrochi, Sundaram, Pringles, Kellanova, Heinz, Stefani Reynolds, Brad Thomas, CFRA's Sundaram, Thomas, Frederic J, Brown, Oscar Mayer, Greg Melich Organizations: Istock, Walmart, CNBC, Federal, Depot, Pew Research Center, Maine Foods, Unilever, Nestle, Bloomberg, Getty, Planters, Target, Kroger, AFP, U.S, PepsiCo, Frito, Evercore ISI Locations: Hershey , Pennsylvania, North America, Washington ,, Rosemead , California

☆ We remain skeptical on GM's EV business, says CFRA's Garrett Nelson
▼ + stars: | 2024-01-30 | 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 EmailWe remain skeptical on GM's EV business, says CFRA's Garrett NelsonGarrett Nelson, CFRA senior analyst, joins 'Squawk Box' to break down General Motor's quarterly earnings results, which beat Wall Street’s top- and bottom-line expectations for the fourth quarter, while forecasting another strong year despite potential economic and sales head winds.

Persons: CFRA's Garrett Nelson Garrett Nelson, CFRA

☆ There's no question the U.S. EV market is in a state of oversaturation: CFRA's Garrett Nelson
▼ + stars: | 2024-01-24 | 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 EmailThere's no question the U.S. EV market is in a state of oversaturation: CFRA's Garrett NelsonGarrett Nelson, CFRA senior analyst, joins 'Squawk Box' to preview Tesla's quarterly earnings results, the electric vehicle market at large, and more.

Persons: CFRA's Garrett Nelson Garrett Nelson, CFRA Organizations: EV Locations: U.S, oversaturation

☆ The financial sector will benefit when the Fed starts cutting rates, CFRA's Sam Stovall
▼ + stars: | 2024-01-17 | 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 EmailThe financial sector will benefit when the Fed starts cutting rates, CFRA's Sam StovallSam Stovall, CFRA Research chief investment strategist, joins 'Squawk on the Street' to discuss if a March rate cut is less than likely, how much tensions in the Middle East could raise inflation, and more.

Persons: Sam Stovall Sam Stovall Organizations: Fed, CFRA Research

Fourth-quarter earnings season is kicking off with a mix of good and bad news. Without those six stocks, the rest of the S & P is expected to see earnings fall 6%. There's a lot riding on earnings in 2024 For the S & P 500 to increase in 2024, earnings need to expand. But with the S & P 500 up over 20% last year, the forward earnings multiple is roughly 19.6, in the very pricey range. We need higher revenues The biggest risk to higher earnings is lower revenue growth.

Persons: Savita Subramanian, General Mills, Mobileye, Nick Raich, Adam Crisafulli, BofA's Subramanian, Deutsche, Binky, Sam Stovall Organizations: Pfizer, Merck, Moderna, Bank of America, Nvidia, Microsoft, Apple, Nike, FedEx, General, Darden, Constellation Brands, Technology, Samsung Electronics, Vital, Deutsche Bank's Locations: Wayfair, Conagra

(PRO subscribers can view the official 2024 strategist survey here . ) "Lifting our 12-month S & P 500 target to 5100 as inflation falls, the Fed turns dovish, and real yields plunge," Kostin wrote. Other Wall Street firms with similarly bullish forecasts include Citigroup and BMO Capital Markets, which each have S & P 500 price targets of 5,100. Barclays' Venu Krishna was even more bearish, anticipating the S & P 500 would fall to 3,725. Entering the penultimate trading week of the year, the S & P 500 is almost 23% higher in 2023, while the Nasdaq Composite has advanced almost 42%.

Persons: —, Stocks, Sam Stovall, Monday, Stovall, Goldman Sachs, David Kostin, Kostin, John Stoltzfus, Stoltzfus, America's Savita Subramanian, JPMorgan's, Bujas, Morgan Stanley, BofA's Subramanian —, Venu Krishna, Oppenheimer's John Stoltzfus, Dow Industrials Organizations: CNBC, Federal Reserve, Dow Jones, CFRA Research, Goldman, Oppenheimer Asset Management, Citigroup, BMO Capital Markets, Bank, America's, Nvidia, Microsoft, Barclays, Nasdaq Locations: Friday's

☆ 'Let your winners ride': Stocks will climb in 2024 as U.S. skirts a recession, CFRA's Stovall says
▼ + stars: | 2023-12-11 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stocks will continue to rise as the U.S. skirts a recession in 2024, according to CFRA chief investment strategist Sam Stovall. "By the end of 2024, CFRA sees the S & P 500 challenging the 5,000 level," Stovall wrote in a Friday note. "But since large, round numbers traditionally act like rusty doors, requiring several attempts before finally swinging open, our year-end target for the S & P 500 is 4,940." .SPX YTD mountain The S & P 500 has gained about 21% from the start of 2023. Stovall's forecast implies about 7% upside for the S & P 500 to the end of 2024.

Persons: Sam Stovall, CFRA, Stovall, Stocks, Michael Bloom Organizations: Nasdaq, Dow Jones, Reserve, Treasury Locations: U.S

☆ Charlie Munger's death brings home the inevitable future: Berkshire without Warren Buffett
▼ + stars: | 2023-12-03 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Greg Abel, vice chairman of Berkshire's non-insurance operations, became known as Buffett's heir apparent in 2021 after Munger inadvertently made the revelation . Ajit Jain, Berkshire's vice chairman of insurance operations, had been a top contender for the top job, but Buffett recently revealed that Jain "never wanted to run Berkshire." "All [Munger's passing] does is add to the conversation that what happens when Buffett's gone because this brings it home. Berkshire analysts believe the event won't notably alter Berkshire's transition plans. James Shanahan, Edward Jones' Berkshire analyst, also said he remains confident in the leadership of Berkshire following Munger's passing.

Persons: Charlie Munger, Warren Buffett's, Berkshire Hathaway, Greg Abel, Munger, Ajit Jain, Buffett, Jain, Abel, he's, Buffett's, Bill Stone, Warren Buffett, Catherine Seifert, James Shanahan, Edward Jones, CNBC's Becky Quick, Ted Weschler, Todd Combs Organizations: Oracle, Berkshire, Glenview Trust, CFRA's, MidAmerican Energy, Berkshire Hathaway Energy Locations: Berkshire, Omaha, Glenview, CFRA's Berkshire, Japan

☆ Wall Street is set to wrap up a strong month next week as stocks gun for new highs
▼ + stars: | 2023-11-24 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Wall Street is set to wrap up a strong month next week as stocks gun for new highs heading into year end. The Nasdaq Composite is on pace to close out the month with a double-digit advance, up 10%. In contrast to September and October, which are typically weak periods for stocks, the seasonal patterns are now in favor of equities. This week, LPL Financial's Adam Turnquist pointed out that more than half, or 55%, of S & P 500 stocks closed above their 200-day moving average. It's set to show a rise of 0.2%, down from the 0.7% rise in the prior month, according to FactSet consensus estimates.

Persons: Stephen Suttmeier, Sam Stovall, That's, CFRA's Stovall, What's, LPL, Adam Turnquist, Turnquist, Wolfe, Rob Ginsberg, Ginsberg, Morningstar's Dave Sekera, Sekera, Morningstar's Sekera, Salesforce, Gartner Organizations: Nasdaq, Bank, Treasury, Costco Wholesale, Kroger, New, Dallas Fed, Richmond Fed, Hewlett Packard Enterprise, NetApp, Intuit, PCE Deflator, Chicago PMI, PMI, Manufacturing, Dominion Energy, Cboe, Cardinal Health Locations: Chicago

☆ Here's why CFRA's Sam Stovall is optimistic on small caps
▼ + stars: | 2023-11-22 | 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 EmailHere's why CFRA's Sam Stovall is optimistic on small capsSam Stovall, CFRA Research chief investment strategist, joins 'Squawk on the Street' to discuss why he believes small-caps will perform well going forward, what could hurt the earnings power of the small-cap companies, and more.

Persons: Sam Stovall Organizations: CFRA Research

☆ Berkshire Hathaway shares are cheap after a pullback from record high, CFRA says
▼ + stars: | 2023-11-02 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Berkshire Hathaway 's shares are trading at a significant discount, offering investors a buying opportunity ahead of the conglomerate's earnings report, according CFRA. The current trading level is "offering investors an attractive entry point to acquire the shares," Seifert said in a note. BRK.B YTD mountain Berkshire Hathaway The Omaha-based conglomerate's class A shares have rallied 11.7% this year. Warren Buffett 's Berkshire is set to report its third-quarter earnings Saturday morning. "CFRA believes Berkshire's diversified revenue and earnings mix is positive for the shares, and following a recent pullback, we view BRK.B undervalued versus historical averages," CFRA said.

Persons: Berkshire Hathaway, Catherine Seifert, Seifert, Warren Buffett, CFRA Organizations: CFRA's, Berkshire Hathaway Locations: Berkshire, CFRA's Berkshire, Berkshire Hathaway The Omaha

☆ Alphabet's 22% growth rate in its cloud business a 'big dissapointment', says CFRA's Angelo Zino
▼ + stars: | 2023-10-24 | 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 EmailAlphabet's 22% growth rate in its cloud business a 'big dissapointment', says CFRA's Angelo ZinoAngelo Zino, CFRA Research Senior Equity Analyst and Doug Famigletti, Griffin Asset Management Portfolio Manager, joins 'Closing Bell Overtime' with reaction to Microsoft and Google's quarterly earnings results.

Persons: CFRA's Angelo Zino Angelo Zino, Doug Famigletti Organizations: Research, Griffin, Microsoft

☆ Wall Street braces for big tech earnings and key economic data in the week ahead as Treasury yields rise
▼ + stars: | 2023-10-20 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Major earnings reports and economic data will be in focus next week as investors seek clarity on how the Federal Reserve will proceed from here. But next week will bring the lion's share of results including reports from mega-cap darlings Alphabet, Amazon , Meta Platforms and Microsoft . While the S & P 500 is higher by 10% in 2023, the equal-weighted index is down slightly. Of note, Tesla shares sank more than 9% on Thursday following a pessimistic economic outlook from CEO Elon Musk during the company's earnings call. Its the S & P 500's first weekly loss in three weeks.

Persons: bode, Elon Musk, We're, Sam Stovall, it's, Raphael Bostic, Ed Clissold, Ned Davis, Clissold, Katie Stockton, Rob Ginsberg, I'm, CFRA's Stovall, Stovall, Sherwin, Williams, Kimberly, Hess, Raymond James Financial, Keurig Dr Pepper, Northrop, Willis Towers Watson, Stanley Black, Rowe Price Organizations: Federal Reserve, Microsoft, Investors, CFRA, Dow Jones, Treasury, Fed, Atlanta Federal Reserve, Ned, Ned Davis Research, Wolfe Research, Chicago, P, PMI, P Global PMI Manufacturing, P Global PMI Services, Richmond Fed, Visa, Texas Instruments, General Electric, NextEra Energy, Raytheon Technologies, Dow, Inc, General Motors, Halliburton, Coca, Corning, Hilton Worldwide, General Dynamics, Dominion Freight, Mobile US, Boeing, Raymond, Technology, Whirlpool, International Business Machines, O'Reilly, Honeywell, Northrop Grumman, Mastercard, Amazon, Royal Caribbean Group, Tractor Supply, United Parcel Service, Hasbro, Southwest Airlines, Comcast, Hershey, Intel, L3Harris Technologies, Ford Motor, Energy, Chevron, Decker, Exxon Mobil, Colgate, Palmolive Locations: U.S, Atlanta, AbbVie

☆ There may be earnings losses in energy, health care, and more, says CFRA's Sam Stovall
▼ + stars: | 2023-10-10 | 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 may be earnings losses in energy, health care, and more, says CFRA's Sam StovallErik Nelson, Wells Fargo macro strategist, and Sam Stovall, CFRA chief investment strategist, join 'The Exchange' to discuss the Israel-Hamas conflict's market impact, the earnings outlook, and more.

Persons: CFRA's Sam Stovall Erik Nelson, Sam Stovall Organizations: Hamas Locations: Wells Fargo, Israel

By contrast, both funds received their highest monthly net inflows of 2023 in June, gaining $265.5 million and $29.74 million, respectively, according to Lipper data. But AI stocks have suffered along with broader markets in recent weeks, as Treasury yields hovering around 16-year highs dull investors' risk appetite. Retail investor flows into the sector have also cooled as the initial fervor surrounding AI wanes. September saw the lowest net monthly retail flows of $1.96 billion into AI-linked stocks since April, according to Vanda Research. "It is possible this negative sentiment could reverse again in Q4, particularly if large cap tech stocks like Nvidia held in AI-themed tech ETFs continue to show strong earnings growth," CFRA's Ullal added.

Persons: Dado Ruvic, Aniket, Mark Haefele, Bansari Mayur, Ira Iosebashvili, Mark Potter Organizations: REUTERS, Robotics, Intelligence, Global Robotics, Automation, CFRA Research, Vanda Research, Global, Nvidia, UBS Global Wealth Management, Thomson, & $ Locations: Bengaluru

Search resuls for: "CFRA's"

25 mentions found