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☆ This week’s most overbought stocks in the S&P 500 include several tech companies
▼ + stars: | 2023-09-09 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Wall Street is coming off a losing week, with the Nasdaq Composite Index closing 1.9% lower, the S & P 500 falling 1.3% and the Dow Jones Industrials shedding 0.8%. By contrast, here are the most oversold stocks in the S & P 500: Alaska Air Group has the highest projected upside on the list (+60%), continuing last week's trend . Walgreens Boots Alliance is another of the most oversold companies in the S & P 500. Viatris was the most oversold company in the S & P 500 with a 14-day RSI less than 7. Discount retailers Dollar Tree and Dollar General as well as chemical manufacturer FMC are also among the most oversold companies in the S & P 500.

Persons: Dow Jones, Piper, Baker Hughes, Viatris, Pfizer's Upjohn Organizations: Federal Reserve, Nasdaq, CNBC Pro, Technology, Intuit, IBM, Accenture, CNBC, Autodesk, Verisk, Alaska Air Group, Walgreens Boots Alliance, Walgreens, Wall Street, FMC Locations: Seattle, Mylan

July 25 (Reuters) - Further deterioration in demand for glyphosate-based weed killers led Bayer (BAYGn.DE) to cut its full-year earnings outlook and announce a 2.5 billion euro ($2.8 billion) write-down on glyphosate-related assets. That was lower than a previous 2023 outlook of 12.5 billion euros, or slightly higher. Free cash flow would come in at zero, down from a previous prediction of 3 billion euros, the company said. "Based on the anticipated market development, in particular with respect to the glyphosate business, Bayer also expects to record a goodwill impairment of approximately 2.5 billion euros," it said. That would result in a second-quarter net loss of 2 billion euros.

Persons: Bayer, Bill Anderson, Roche, Markus Manns, Anderson, Hurricane Ida, Werner Baumann, Thomas Escritt, Ludwig Burger, Jonathan Oatis, Susan Fenton, Kirsten Donovan Organizations: Union Investment, Barclays, FMC, BASF, Bayer, Thomson

BERLIN, July 24 (Reuters) - Weak demand for glyphosate-based weed killers led Bayer (BAYGn.DE) to cut its full-year earnings outlook for the second time and announce a 2.5 billion euro ($2.8 billion) write-down on glyphosate-related assets. That was lower than a previous 2023 outlook of 12.5 billion euros, or slightly higher. Free cash flow would come in at zero, down from a previous prediction of 3 billion euros, the company said. "Based on the anticipated market development, in particular with respect to the glyphosate business, Bayer also expects to record a goodwill impairment of approximately 2.5 billion euros," it said. That would result in a second-quarter net loss of 2 billion euros.

Persons: Bayer, Hurricane Ida, Bill Anderson, Roche, Werner Baumann, Thomas Escritt, Ludwig Burger, Jonathan Oatis, Susan Fenton Organizations: Bayer, FMC, BASF, Thomson Locations: BERLIN

MV Lara Cruise Ship Courtesy: Miray CruisesA unique offer to cruise around the world for three years — which appeared at risk of running aground earlier this year — now is boasting of a bigger ship. Such bonds reimburse U.S.-boarding passengers if cruise operators fail to complete the booked trips. In March, Life at Sea originally offered what it called the "world's first — and only — three-year cruise" aboard the prior ship, MV Gemini. View of a cabin onboard the MV Lara cruise ship. While she almost pulled out of the trip after controversy over the initial plan to use the Gemini for the cruise, Thomas is now committed to the voyage.

Persons: Cruise, Gemini, Mikael Petterson, Petterson, Petterson's, Barbara, Lara, Kendra Holmes, Miray, Holmes, Thomas, Shirene Thomas, They've, people's Organizations: CNBC, Sea Cruises, Miray Cruises, Federal Maritime Commission, U.S, Gemini, Facebook, Victoria Cruises, [, Miray Locations: —, United States, Florida, North Carolina, Wilmington , North Carolina, U.S, Miami, Istanbul

CNN —Theodore “Ted” Kaczynski, the Harvard-trained math professor who unleashed a deadly bombing campaign from a shack in rural Montana and became known as the “Unabomber,” has died, according to the Federal Bureau of Prisons. In 2021, Kaczynski was moved to the federal medical center in North Carolina, according to the bureau. Elaine Thompson/APPortrayed by prosecutors as a vengeful loner, Kaczynski published 30,000-word treatise that became known as the Unabomber Manifesto. “Justice has been done, and Theodore Kaczynski will never threaten anyone again,” Attorney General Janet Reno said in a statement at the time. Its similarity to letters he sent to his family alerted his brother, who made the decision to turn Kaczynski in.

Persons: Theodore “ Ted ” Kaczynski, ”, Kaczynski, “, ” Kaczynski, Ted Kaczynski's, Elaine Thompson, David, Michael Macor, Sally Johnson, Johnson, Judge Garland Burrell Jr, Theodore Kaczynski, ” Burrell, Susan Mosser, Burrell, he’ll, Thomas, Kelly, Hugh Scrutton, Gilbert Murray, Charles Epstein, David Gelernter, Janet Reno, ” David Kaczynski, ” Ted Kaczynski Organizations: CNN, Harvard, Federal Bureau of Prisons, Federal Medical Center, “ Staff, FMC Butner, San Francisco Chronicle, Getty, Prosecutors, University of California, Time Locations: Montana, Butner , North Carolina, North Carolina, Supermax, Florence , Colorado, Lincoln , Montana, Helena , Montana, New Jersey, Berkeley

☆ Big global employers plan modest cuts to office space: Knight Frank
▼ + stars: | 2023-06-06 | by ( Suban Abdulla | ) www.reuters.com time to read: +3 min

REUTERS/Hannah BeierLONDON, June 6 (Reuters) - Half of large multinational companies plan to reduce office space as they adjust to hybrid working patterns, although the cuts are likely to be modest as few plan to go fully remote, a survey from real estate agents Knight Frank showed on Tuesday. Knight Frank said 50% of employers with more than 50,000 staff intended to reduce office space, typically by 10% to 20% in the next three years, as they reassess their needs following the introduction of remote working during the COVID-19 pandemic. But at companies with up to 10,000 staff split across different countries, most expected to increase office space. Mat Oakley, head of commercial research at Savills said demand for office space in London had increased, and flexible working appeared less of a challenge than previously thought. "There are definitely challenges for office demand but these have been largely overstated particularly when you take into consideration employment growth," Oakley said.

Persons: Hannah Beier LONDON, Knight Frank, Tim Armstrong, Antony Antoniou, Robert Irving Burns, Mat Oakley, Savills, Oakley, Suban Abdulla, David Milliken Organizations: FMC Corporation, REUTERS, Bank of England, British, Land Securities, P, Thomson Locations: Philadelphia , Pennsylvania, U.S, Britain, Mat, London

☆ Here are 3 themes to invest in now as artificial intelligence and technological innovation transform the global food system — and 14 key players leading the evolution, according to PGIM's director of
▼ + stars: | 2023-05-30 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +8 min

Antia shared 3 major themes to invest in — and 14 key players driving this evolution. And according to Antia, right now there's no secular trend more exciting than the transformation of the world's food system. On the food supply side, Antia listed climate change and technological innovation as two additional drivers for the evolution of the global food system. This two-way impact between food production and the environment has revealed the necessity for greater sustainability in the world's food system, Antia explained. As global demand for local products increases, so does the demand for refrigerated frozen storage facilities and transportation.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ BMO: Buy these 20 stocks to profit from a simple 2-part investing strategy that's consistently outperformed during volatile markets — like the one we're in right now
▼ + stars: | 2023-03-21 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Mutual fund managers are beating the market this year at the highest rate in a decade. Active fund managers are currently having their best year of relative performance in a decade, according to BMO Capital Markets. Since 1990, that strategy has consistently outperformed the S&P 500 — regardless of what's happened in the broader market, or with volatility. BMO Capital Markets20 stocks to buy nowInvestors can follow the two-part strategy BMO laid out by buying 20 outperform-rated stocks in the S&P 500 that are classified as either GARP or dividend growth stocks. Below are BMO's 20 stock picks for GARP or dividend growth, along with each company's ticker, market capitalization, and group.

☆ U.S. Importers Seize on New Shipping Rules to Fight Late Fees
▼ + stars: | 2023-03-03 | by ( Paul Berger | ) www.wsj.com time to read: +6 min

U.S. importers are fighting millions of dollars in fees imposed by the world’s largest ocean carriers with the help of a new federal law and a newly emboldened regulator. He said his company, Lion Energy LLC, which imports about 800 containers a year, felt it had little power to dispute the charges. Now, Mr. Frey and hundreds of shippers like him are turning to rules set out in the Ocean Shipping Reform Act, which passed Congress in June. The new shipping law endorsed an FMC rule published in 2020. But shippers are still able to challenge fees that predate the law under earlier FMC rules.

Healthcare group Fresenius (FREG.DE) said late on Tuesday it would give up strategic control over FMC via a planned change of the division's legal form, also releasing annual results and an outlook that failed to impress investors. Fresenius CEO Michael Sen, a former E.ON (EONGn.DE) and Siemens (SIEGn.DE) executive who took over the helm in October, wants to simplify the company's structure but said he will hang onto the 32% stake Fresenius owns in FMC. This makes a sale more likely in the future, said Florian Oberhofer, portfolio manager at Union Investment, which holds 0.26% of Fresenius shares. Sen said Fresenius was banking on a business improvement at FMC and Vamed and on participating financially in this through its holdings in both. FMC and Fresenius shares lagReporting by Ludwig Burger and Patricia Weiss; Additional reporting by Christoph Steitz; Writing by Rachel More; Editing by Josephine Mason, Elaine Hardcastle and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ Germany's Fresenius to simplify structure, flags potential profit fall
▼ + stars: | 2023-02-21 | by ( Ludwig Burger | ) www.reuters.com time to read: +3 min

[1/2] Samples of products of Fresenius and Fresenius Medical Care are on display during the company's annual news conference at their head quarters in Bad Homburg Germany, February 20, 2019. "The new structure will greatly benefit both companies: Fresenius Medical Care needs an operational turnaround, to improve its performance and focus on its core business." "Fresenius needs to simplify its complex corporate structures and commit to its Operating Companies and to maximizing value from its investments," Sen said. FMC is expected to hold an extraordinary general meeting in July to let shareholders vote on the proposed change of the legal form, Fresenius said. Frankfurt-listed shares of Fresenius and FMC were up 1% and 2.2%, respectively.

☆ Germany's Fresenius may give up control of FMC dialysis business
▼ + stars: | 2023-02-09 | by ( Ludwig Burger | ) www.reuters.com time to read: +2 min

FRANKFURT, Feb 9 (Reuters) - German healthcare group Fresenius SE (FREG.DE) said on Thursday it was potentially ready to cede control over Fresenius Medical Care (FMC) (FMEG.DE), after a fall in earnings at the world's largest dialysis company. Shares in FMC were down 3.4% at 1538 GMT, while Fresenius stock surged 4.3% after it said it was considering de-consolidating the subsidiary, meaning its sales would no longer be fully integrated into its financial reports. FMC, which has been hit hard by U.S. staff shortages and cost inflation this year, slashed its annual outlook twice last year, also pulling down Fresenius' forecasts. The Else Kroener-Fresenius-Stiftung, a charitable trust that controls Fresenius SE, "has taken note with approval of" the plans to deconsolidate FMC and to change its legal form. FMC Chief Executive Carla Kriwet, who was hired by Sen's predecessor, stepped down in December after just two months in the job, citing "strategic differences".

☆ Fresenius in talks about deconsolidation of FMC - WirtschaftsWoche
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Feb 9 (Reuters) - The chief executive of German health care group Fresenius (FREG.DE) is preparing a deconsolidation of Fresenius and its struggling subsidiary Fresenius Medical Care (FMC) (FMEG.DE), business magazine WirtschaftsWoche reported on Thursday, citing sources close to the supervisory board. Chief Executive Michael Sen's goal is for Fresenius to relinquish control over FMC and no longer have to fully consolidate the dialysis company, WirtschaftsWoche added. Shares in Fresenius rose 5% to a five-month high soon after the report was published while FMC shares slipped 2% initially. Sen is negotiating the plan with the major shareholder Else-Kroener-Fresenius-Stiftung, which controls Fresenius, WirtschaftsWoche reported. U.S.-focused kidney dialysis specialist FMC's chief executive stepped down in December, marking the second leadership change in as many months.

☆ Morning Bid: Powell's state of the union
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +4 min

Jerome Powell makes his first speech since the Fed's latest quarter-point interest rate rise last week. More importantly, it's his first chance to comment on Friday's seemingly blockbuster U.S. employment report for January. Perhaps just as significantly, they now price year-end Fed rates higher than the 4.5-4.75% range they are at right now. Atlanta Federal Reserve Bank President Raphael Bostic on Monday said of the jobs readout: "It'll probably mean we have to do a little more work." Investors will watch Biden's State of the Union with one eye on the potentially destabilising debt ceiling standoff with Congress.

Todd and Julie Chrisley, stars of the reality TV franchise "Chrisley Knows Best," reported to federal facilities Tuesday to begin their years-long prison sentences after their fraud convictions, officials said. Todd Chrisley surrendered to the Federal Prison Camp (FPC) Pensacola in Florida, while Julie Chrisley arrived at the Federal Medical Center (FMC) Lexington in Kentucky, according to the Bureau of Prisons. Todd Chrisley was sentenced to 12 years, wife Julie Chrisley got 7 years. The downfall of Todd and Julie Chrisley came at about the same time as "Real Housewives of Salt Lake City" star Jen Shah faced federal prosecution before she pleaded guilty to wire fraud. "Real Housewives of Salt Lake City" is on Bravo, which is also an NBCUniversal property.

☆ Future of work: Back to the office
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +4 min

[1/2] Empty cubicles are seen as the first phase of FMC Corporation employees return to work in the office in Philadelphia, Pennsylvania, U.S., June 14, 2021. Hybrid arrangements, where workers go into the office part of the week, have gained broad acceptance as a compromise. The evolving workplace is reshaping businesses that serve office workers. The landscape for other businesses that served office workers has changed, too. The coming year could determine who ends up having the upper hand in determining what work looks like in the future.

☆ European shares dip as commodity stocks weigh ahead of inflation data
▼ + stars: | 2022-10-31 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +2 min

The STOXX 600 index (.STOXX) had slipped 0.1% by 0925 GMT after closing higher on Friday, with miners (.SXPP) down 0.1% while energy stocks (.SXEP) fell 0.2%. Meanwhile, euro zone inflation is seen hitting a record 10.2% in October, in what will likely make for yet another uncomfortable reading for the European Central Bank (ECB), which is targeting a 2% price growth. Among individual stocks, Credit Suisse (CSGN.S) rose 2.5% as it unveiled details of its plan to raise 4 billion francs ($4.01 billion) from investors. Fresenius Medical Care (FMC) (FMEG.DE) jumped 4.4% after the German dialysis provider on Sunday reported third-quarter earnings above market expectations. Reporting by Shreyashi Sanyal in Bengaluru; Editing by Dhanya Ann Thoppil and Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

☆ Fresenius Medical cuts outlook on slower recovery, rising costs
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: 1 min

BERLIN, Oct 30 (Reuters) - Kidney dialysis provider Fresenius Medical Care (FMC) on Sunday revised down its forecast for 2022, expecting net income to decline this year, dragged down by rising labour costs and a slower than expected recovery in North America business. The company now expects net income to decline in the high-teens to mid-20s percentage range this year, down from its previous outlook of a high-teens percentage drop. It still expects revenue to grow at a low single digit percentage rate. FMC said net income dropped 16% in third quarter to 230 million euros ($229.15 million) while operating income fell by 7% to 472 million euros in the quarter. ($1 = 1.0037 euros)Reporting by Riham Alkousaa; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

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