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☆ Top Wall Street analysts recommend these 3 dividend stocks
▼ + stars: | 2024-03-10 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Energy TransferThis week's first dividend stock is Energy Transfer (ET), a master limited partnership or MLP. With an annualized distribution per unit of $1.26, ET stock offers an attractive yield of 8.4%. Target's quarterly dividend of $1.10 per share reflects a 1.9% year-over-year increase and represents a dividend yield of 2.6%. Tarlowe noted that the retailer's Q4 revenue benefited from a 10% rise in other revenue, thanks to solid growth in advertising.

Persons: Wall, Selman Akyol, Akyol, TipRanks, Ivan Feinseth, Feinseth, Jefferies, Corey Tarlowe, Tarlowe, TGT Organizations: Energy, MLP, Management, Garmin, Tigress, Aviation, Automotive, Target Locations: Harlem, Crestwood

☆ Opinion: After Super Tuesday, the dreaded rematch is real
▼ + stars: | 2024-03-05 | by ( Opinion Patrick T. Brown | ) edition.cnn.com time to read: +7 min

But there’s also the loud minority of “Never Trump” Republicans, represented by figures like former Illinois Rep. Adam Kinzinger or former New Jersey Gov. In North Carolina, exit polls suggest Trump won a slim majority of Republican voters with a college degree. But there’s a third camp: the reluctant Republican stalwarts who are neither Always Trump nor Never Trump. In general, these Republicans tend to seek traditionally defined conservative policy victories – from school choice to tax cuts to a strong national defense. But they can also see the potential for conservative policy victories in a second Trump administration.

Persons: Patrick T, Brown, Joe Biden, pollsters, Donald Trump, denialism, suburbanites, MAGA, ”, there’s, Adam Kinzinger, Christine Todd Whitman, Trump’s, they’ve, Trump, Nikki Haley, Glenn Youngkin, Brian Kemp, aren’t, –, Inez Feltscher Stepman, Biden, FDR, Harris, Roe, Wade –, Dobbs, Wade, slog Organizations: Public Policy Center, Economic, Twitter, CNN, Biden, Trump, GOP, Republican, “, Trump ” Republicans, Illinois Rep, New, New Jersey Gov, Hilton, Republicans, Virginia Gov, Georgia Gov, Supreme, Independent, American, Democratic, Super Locations: Washington , DC, America, South Carolina, New Jersey, North Carolina, Charleston, Columbia, Georgia, Afghanistan, Ukraine, Gaza

☆ 4 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-02-17 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

A hotter-than-expected consumer price index on Tuesday sent stocks reeling, with the Dow posting its biggest drop in a year. Stocks bounced back over the next two days, helped by a softer retail sales report , only to slump again on Friday's hot producer price index for January. As we said this week, we're not overly concerned with the hotter-than-expected inflationary readings. Earnings season picks back up for the Club next week, with four holdings set to report quarterly results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Wall, Stocks, we're, Palo, Fortinet, BCH's Bausch, Management doesn't, Dana, Bausch, Dr Pepper, Diana Shipping, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Club, Palo Alto, Palo, billings, Nvidia, Amazon, Microsoft, Bausch Health, Coterra Energy, Management, NYSE, Walmart, Axsome Therapeutics, Barclays Bank, Armstrong World Industries, Ceragon Networks, Tri Pointe Homes, Dana Incorporated, DigitalBridge, Oil States International, Systems, Allegion, CenterPoint Energy, Equitrans Midstream Corporation, Expeditors International of Washington, Alto Networks, SolarEdge Technologies, Enovix Corporation, Caesars Entertainment, Diamondback Energy, Toll, Ternium S.A, Celanese Corp, Chesapeake Energy, CVR Energy, Reserve, Vertiv Holdings Co, Properties Trust, Devices, HSBC Holdings plc, HSBC, Lomb, Sinclair Corporation, Pagaya Technologies, Gibraltar Industries, Garmin, NVIDIA, Rivian Automotive, Sunnova Energy International, Bros, Apache, Oil, Suncor Energy, Co, FNF, Sciences, Coeur D'Alene Mines, Trip.com, Joby Aviation, Resources, Alamos, Jackson, Nutrien, NTR, Pan, Sm Energy Company, Health, Newmont, Nikola Corporation, Cheniere Energy, Fiverr, Natural Resources, Point Credit, Lantheus Holdings, Builders, Grab Holdings, NICE, Dominion Energy, Harmony Biosciences Holdings, Teck Resources Limited, Intellia Therapeutics, Energy, Booking Holdings, Intuit, Semiconductor, Nation Entertainment, Vale S.A, Rocket Companies, Warner Bros ., AerCap Holdings, Natural Holdings, Calumet Specialty Products Partners, Frontier Communications, Jim Cramer's Charitable, CNBC, Lightrocket, Getty Locations: billings, Palo Alto, China, Xifaxan, Tri Pointe, Avista, Gibraltar, Coeur D'Alene, Pan American, Teck, Vale

☆ Opinion: How America became immune to scandal
▼ + stars: | 2024-02-15 | by ( Julian Zelizer | ) edition.cnn.com time to read: +8 min

Editor’s note: CNN’s six-part series “United States of Scandal With Jake Tapper” will premiere at 9 p.m. ET/PT February 18. As president, Trump experienced more moments that would traditionally be defined as a scandal than almost any other high official in recent memory, arguably surpassing his notorious predecessor, Richard Nixon. In an era when most Americans are more concerned about the political party of their children’s future spouse than their religion, this calculation is dominant. One study even found that legislators often raise more money after a scandal, especially if the issue received media coverage. For all these reasons, scandal in 2024 isn’t your grandfather’s scandal.

Persons: Jake Tapper ”, Julian Zelizer, Webster, doesn’t, Donald Trump, Trump, Richard Nixon, Ronald Reagan, Trump’s, Matt Gaetz, Marjorie Taylor Greene, Pink Floyd, George Santos, Santos, Taylor Swift, Bill Clinton, Sen, Robert Menendez Organizations: CNN, Princeton University, The New York Times, America, Trump, Capitol, Republicans, GOP, Republican Party, Democratic Party, New York Republicans, Rep, Republican, Democrat, Robert Menendez of New Locations: United States, Merriam, Florida, Marjorie Taylor Greene of Georgia, Vietnam, shrug, midstream, yesteryear, Robert Menendez of, Robert Menendez of New Jersey

☆ Here are Wednesday's biggest analyst calls: Tesla, Nvidia, Arm, Citi, Walmart, First Solar, Ulta, GE & more
▼ + stars: | 2024-02-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

UBS downgrades Waste Management to neutral from buy UBS said the trash company has a "lofty" valuation. Citi reiterates Nvidia as buy Citi said its standing by its buy rating heading into earnings next week. " UBS upgrades HF Sinclair to buy from neutral UBS said the refiner is underappreciated. UBS upgrades Huntington Bancshares to buy from neutral UBS said it sees "strong strategic positioning" for the regional bank. Citi downgrades GlobalFoundries to neutral from buy Citi downgraded the semi company following earnings on Tuesday.

Persons: Wells, Redburn, Morgan Stanley, Tesla, it's, Piper Sandler, Piper, Jane Fraser's, Q, BRKRs, BRKR, DINO, D.A, Davidson downgrades Airbnb, Evercore, GlobalFoundries, Bernstein, Wingstop Organizations: Wells, RBC, Enphase Energy, Shoals Technologies, SolarEdge Technologies, UBS downgrades Waste Management, UBS, Citi, Nvidia, JPMorgan, Sinclair, diesel, Deutsche Bank, General, Deutsche, GE, ABNB, ABNB's, Walmart, ISI, Huntington, HSBC, Palantir, HP, Bank of America, of America, Design Systems, Rivals Locations: EBITDA

☆ Top Wall Street analysts pick these 3 dividend stocks for the long haul
▼ + stars: | 2024-02-11 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Investors ought to consider the insight of top Wall Street pros as they hunt for dividend stocks with solid fundamentals. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Overall, he thinks that the company offers a compelling investment opportunity, given its high dividend yield and industry-leading position that enables it to benefit from long-term telecom trends. (See EPD Insider Trading Activity on TipRanks)MPLX LPOur third dividend pick is another midstream energy player, MPLX LP (MPLX). The analyst expects a cash distribution of $3.57 per unit in 2024 and $3.84 per unit in 2025.

Persons: Wall, Ivan Feinseth, TipRanks, Selman Akyol, Akyol, EPD, Elvira Scotto, Scotto Organizations: Verizon Communications, Tigress, Verizon, Enterprise Products, Enterprise Products Partners, Enterprise, MPLX, RBC Capital Locations: unitholders

☆ Activist Bluebell believes BP is 50% undervalued compared to peers
▼ + stars: | 2024-02-03 | by ( Kenneth Squire | ) www.cnbc.com time to read: +11 min

The company's segments include gas & low-carbon energy, oil production & operations and customers & products. Its gas business includes upstream activities that produce natural gas, integrated gas and power, and gas trading. Its oil production & operations segment comprises upstream activities that produce crude oil, including Bpx Energy. As of Bluebell's October 4, 2023, letter to BP, BP traded on a price-earnings ratio of 6.7 times, a 44% discount to Chevron and ExxonMobil, which on average traded at 12 times. To make it even clearer how the market views BP's strategy, on February 7, 2023, when BP announced its partial retracement from this strategy, BP's share price rose 8% on the day and 17% on the week.

Persons: Giuseppe Bivona, Marco Taricco, Bivona, –, Helge Lund, Bluebell, BP's, Bernard Looney, Shell, Looney's, Looney, Pamela Daley, Solvay, Glencore, Ken Squire Organizations: BP Bunge, Bpx Energy, Castrol, Bluebell Capital Partners, Bluebell Partners, BP, ExxonMobil, Chevron, Bluebell, International Energy Agency, EV, Exxon, Shell, Mr, Renewables, Power, BP's Board, BlackRock, 13D Locations: bioenergy, Europe, Bluebell, Paris, Bioenergy, United States, U.S

☆ Supreme Court lets West Point continue considering race as part of admissions
▼ + stars: | 2024-02-02 | by ( Devan Cole | ) edition.cnn.com time to read: +6 min

Washington CNN —The Supreme Court said Friday that the United States Military Academy at West Point can continue considering race as a factor in its admissions process while a legal challenge to the practice plays out. Last week, SFFA asked the high court to step in on an emergency basis to block West Point from considering race in its admissions process as the litigation unfolds. “For now, the only question is what should happen as this case proceeds – who should bear the burden of the status quo,” attorneys for SFFA told the Supreme Court. “Every year this case languishes in discovery, trial, or appeals, West Point will label and sort thousands more applicants based on their skin color – including the class of 2028, which West Point will start choosing in earnest once the application deadline closes on January 31. Or should West Point bear the burden of temporarily complying with the Constitution’s command of racial equality?” they added in part.

Persons: SFFA, Biden, “, midstream, Elizabeth Prelogar, Prelogar, ”, Philip M, Halpern, it’s, ’, Court’s, John Roberts, Richard Bennett, CNN’s Jamiel Lynch Organizations: Washington CNN, United States Military Academy, Fair, Harvard, University of North, US Naval Academy, Supreme, “, Army, West, Naval Academy Locations: University of North Carolina, “, New York, West, Maryland

☆ Top Wall Street analysts are upbeat about these 3 dividend stocks
▼ + stars: | 2024-01-28 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

The selection of the right dividend stock involves a thorough analysis of the fundamentals of a company and its ability to sustain its dividend payments. Bearing that in mind, investors can follow the recommendations of Wall Street's top analysts to pick dividend stocks that can boost their total returns. Here are three lucrative dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. On an annualized basis, BIP offers a dividend yield of 4.9%. The analyst thinks that the recent period of elevated inflation was like a "mini recession" for OMF's target group of lower income borrowers.

Persons: Wall, Devin Dodge, BIP, Dodge, TipRanks, Gerard Cassidy, Cassidy, Mark DeVries, DeVries Organizations: Investors, Brookfield Infrastructure Partners, BMO Capital, Dodge, Federal Deposit Insurance Corporation, RBC Capital, OneMain Holdings, Deutsche Bank, Foursight, TAM, OneMain Locations: Columbus , Ohio, Brookfield

☆ As Trump wins New Hampshire, here’s an early look at stocks that could win if Republicans sweep in November
▼ + stars: | 2024-01-24 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Certain stocks are poised to perform better under Republican or Democratic leadership this coming November, according to Strategas. On Wednesday night, former president Donald Trump clinched the victory in the New Hampshire primary over former South Carolina Gov. The win now means it's "highly likely" Trump will secure the Republication presidential nomination, according to Strategas analyst Daniel Clifton. US-China trade tensions are likely to continue regardless, but we see greater escalation under Trump," Clifton said. Other names that could outperform under Democratic leadership include renewable energy company NextEra Energy , automation provider Rockwell Automation and beverage company Constellation Brands .

Persons: there's, Donald Trump, Nikki Haley, Daniel Clifton ., Clifton, Trump, Biden, Kinder Morgan, Tesla, Joe, Morgan Stanley, Erik Woodring, — CNBC's Michael Bloom Organizations: Republican, Democratic, South Carolina Gov, Trump, L3Harris Technologies, JPMorgan, Democrat, Verizon Communications, GOP Congress, California's, Tesla, Biden, Apple, NextEra Energy, Rockwell Automation, Constellation Brands Locations: New Hampshire, L3Harris, Tuesday's, China, Clifton, U.S, LSEG

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, GM, Uber, Carvana, Nike, Palo Alto & more
▼ + stars: | 2023-12-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Wells Fargo downgrades Lululemon to equal weight from overweight Wells said in its downgrade of the stock that it sees less balanced risk/reward. Morgan Stanley downgrades Sea Limited to equal weight from overweight Morgan Stanley downgraded the Singapore-based tech conglomerate until its business outlook is clearer. Morgan Stanley upgrades Insulet to overweight from equal weight Morgan Stanley initiated the insulin pump therapy company and said it sees room for further gains. Wells Fargo reiterates Nike as overweight Wells says Nike is a top defensive pick for 2024. Morgan Stanley reiterates Palo Alto as overweight Morgan Stanley said Palo Alto shares have the poten tial to rise further.

Persons: Morgan Stanley, Mizuho, Wells, LULU, Roth, Evercore, Piper Sandler, Piper, NVDA, Goldman Sachs, Goldman, it's bullish, KeyBanc, Worthington Enterprises –, TD Cowen, Coinbase, underperform TD Cowen, Oppenheimer, Uber, Truist, Herc, Palo Organizations: West Bancorp, Bank of America, Union Pacific, US Bancorp, Motors, Mizuho, GM, UAW, UBS, Apple, Deutsche Bank downgrades Anheuser Busch InBev, Deutsche, Deutsche Bank, Airlines, Alaska, " Bank of America, Google, Walmart, Nvidia, AMD, European Partners, Coke, JPMorgan, of America, Magellan, MMP, Arrowhead Pharmaceuticals, Arrowhead Pharma, Worthington Steel, Worthington Industries, Worthington Enterprises, Barclays, Resources, Herc Holdings, United Rentals, Nike, Palo Alto, Palo Locations: China, Singapore, Indonesia

☆ Here’s how activist Elliott could build shareholder value amicably at Phillips 66
▼ + stars: | 2023-12-02 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Business: Phillips 66 is an energy manufacturing and logistics company. Percentage Ownership: n/a Average Cost: n/a Activist Commentary: Elliott is a very successful and astute activist investor. On Wednesday, Elliott sent a letter to Phillips 66, announcing that it has taken a $1 billion stake and is seeking up to two board seats. While we do not generalize like that, it is hard to imagine a more amicable and constructive activist campaign than what Elliott is proposing at Phillips 66. When implemented, Phillips 66 saw costs increase relative to peers, burning shareholders' confidence in the management team's ability to achieve its goals.

Persons: Phillips, Elliott, Mark Lashier, Ken Squire Organizations: Phillips, Chevron Phillips Chemical, Valero Energy, Marathon Petroleum, Valero, 13D Locations: Chevron, U.S, Europe, COOs

☆ Delfin signs 15-year LNG supply agreement with Gunvor
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

Nov 27 (Reuters) - Delfin Midstream Inc said on Monday it had entered into a long-term liquefied natural gas (LNG) supply agreement with global commodity trader Gunvor. Delfin said in a news release its LNG plant in Louisiana will supply between 500,000 to 1 million tonnes of LNG per annum to Gunvor on a free-on-board basis at Delfin Deepwater Port for at least 15 years. Delfin has been developing the Delfin LNG Deepwater Port project supporting up to four floating LNG vessels with a combined export capacity of about 13.3 million tons per annum (MTPA), the release said. The company secured commercial agreements for LNG sales, liquefaction services and is in the final phase towards final investment decisions (FID) on its first three floating LNG vessels, the release added. Reporting by Deep Vakil and Rahul Paswan in Bengaluru; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Delfin Midstream, Delfin, Vakil, Rahul Paswan, David Gregorio Our Organizations: Delfin Midstream Inc, Delfin Deepwater Port, Delfin, Tellurian Inc, Singapore, Ltd, Thomson Locations: Louisiana, Mexico, Bengaluru

☆ Leon Cooperman says it's a stock picker's market. Here are his new favorite bets
▼ + stars: | 2023-11-21 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Billionaire investor Leon Cooperman thinks that it's a stock picker's market and only individual names will offer value for investors as the overall market struggles. Cooperman became overweight the energy sector about two years ago when the group was still unloved. On the broader market, Cooperman recently said investors might not see a new high for a long time, partly because of the risk of a fiscal crisis. "Ultimately, we will have a crisis in public sector finance, and the market is not discounting a crisis. He said he would be very surprised if the S & P 500 climbs above 4,600 anytime this year.

Persons: Leon Cooperman, Cooperman Organizations: Omega Advisors, Devon Energy, Ashland Global Holdings, Cooper Group, Lithia Motors, Apollo Global Management

☆ Occidental Petroleum beats Q3 estimates on higher production
▼ + stars: | 2023-11-08 | by ( Sabrina Valle | Thomson Reuters | U.S. Energy Correspondent Focused In Covering Global Operations Of Oil Majors Out Of Houston. | ) www.reuters.com time to read: +2 min

The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. The oil and gas company reported a $1.18 a share profit compared to average Wall Street analyst forecasts for an 84 cent a share profit, according to LSEG. Its chemical and midstream unit earnings fell compared to a year ago. Midstream swung to a loss of $130 million from a $104 million profit. Its chemicals business profit fell to $373 million from $580 million a year ago.

Persons: Brendan McDermid, Warren Buffett's, Midstream, Sabrina Valle, Sourasis Bose, Krishna Chandra Eluri, Stephen Coates, Jamie Freed Organizations: Occidental Petroleum, New York Stock Exchange, REUTERS, Rights, Tuesday, Occidental, Berkshire Hathaway's, Anadarko Petroleum, BlackRock, Devon Energy, Thomson Locations: New York, U.S, Berkshire, Occidental, Texas, Devon, Houston, Bengaluru

The headquarters of U.S. energy exporter and pipeline operator Kinder Morgan Inc. is seen in Houston, Texas, U.S. September 27, 2020. REUTERS/Gary McWilliams/File Photo Acquire Licensing RightsNov 6 (Reuters) - U.S. pipeline operator Kinder Morgan (KMI.N) said on Monday it would acquire NextEra Energy Partners' (NEP.N) gas pipelines in South Texas for $1.82 billion. NextEra Energy Partners' (NEP) Texas natural gas pipeline portfolio, STX Midstream, primarily consists of seven pipelines which provide natural gas to Mexico and power producers and municipalities in South Texas. "Upon closing, the proceeds would be sufficient to pay off the outstanding project-related debt," NextEra Energy Partners' CEO John Ketchum said in a statement. The sale price represents an about 10 times multiple on the estimated calendar-year 2023 adjusted core profit for the Texas natural gas pipeline portfolio, NEP said.

Persons: Gary McWilliams, Kinder Morgan, KMI.N, STX Midstream, John Ketchum, Seher Dareen, Sourasis Bose, Shilpi Majumdar Organizations: Kinder Morgan Inc, REUTERS, NextEra Energy Partners, NextEra Energy, Energy Partners, Guggenheim Securities, Thomson Locations: Houston , Texas, U.S, South Texas, Texas, Mexico, Bengaluru

☆ Cramer: This market has put investors in a box. This is how we break out of it
▼ + stars: | 2023-10-29 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

How can you not keep the federal funds rate higher for longer when you get a U.S. GDP number that surpasses the real GDP of China. He sees the three Oreos taken out of the bag and the higher price nonetheless. The average person hurt by higher rates is collateral damage to the greater anti-inflation mission. All the market has to do is reach a price level that is too darned compelling. And who says we won't see higher rates until the horizon is at last upon us?

Persons: aren't, Estee Lauder, Jerome Powell, Powell, it's, He's, calvary, Jim Cramer's, Jim Cramer, Jim, Squawk, Virginia Sherwood Organizations: Treasury, Signature Bank, Silicon Valley Bank, First, Bank, Federal Reserve, Disney, Fed, Costco, Homes, Jim Cramer's Charitable, CNBC Locations: U.S, China, Russia, Saudi Arabia

☆ Top Wall Street analysts expect these dividend stocks to boost portfolio returns
▼ + stars: | 2023-10-08 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

The company's dividend hike of 3.4% last year marked the 40th consecutive year of annual dividend growth. Mizuho analyst Nitin Kumar reiterated a buy rating on Exxon with a price target of $139 after attending the company's Product Solutions Spotlight event. Calling CTRA his top pick, Kumar reiterated a buy rating on the stock with a price target of $42. (See BIP Stock Chart on TipRanks)American Electric PowerAnother RBC Capital analyst, Shelby Tucker, is bullish on utility stock American Electric Power (AEP). Recently, Tucker lowered the price target for AEP to $90 from $103 to reflect a high interest environment but reiterated a buy rating.

Persons: Sergio Moraes, Wall, Mizuho, Nitin Kumar, Kumar, TipRanks, Marcellus Shale, Robert Kwan, Kwan, Shelby Tucker, Charles E, Tucker Organizations: AEP BIP, Exxon Mobil Corp, Oil, Gas Expo, Exxon Mobil First, Exxon Mobil, Exxon, Coterra Energy, CTRA, Brookfield Infrastructure Partners, Brookfield Infrastructure, RBC Capital, Power, American Electric Power, AEP, 453rd, Darden Locations: Rio de Janeiro, Brazil, Baytown, Singapore, Anadarko, TipRanks, Brookfield

☆ 'There's no greater canary in the coal mine': Renowned energy analyst Paul Sankey shares why oil prices will continue to nosedive — and 4 stocks that can hold up anyway
▼ + stars: | 2023-10-07 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The widely followed energy analyst is often ahead of the curve, including in early 2020 when he warned that oil prices could dip negative. And if there's a recession, less economic activity should lead to even lower oil prices. However, higher oil prices would further weigh on demand from consumers and businesses, which raises the risk of causing — or worsening — a recession. Paul Sankey, Sankey Research (based on Bloomberg data)Although refining margins have downward momentum, Sankey said a long oil market drawdown isn't necessarily a foregone conclusion. Geopolitical tensions are an increasingly serious threat, JPMorgan CEO Jamie Dimon has recently warned, and a sudden conflict breakout could cause oil prices to surge.

Persons: Paul Sankey, Sankey, Platts, It's, it's, they're, Jamie Dimon, he's Organizations: Sankey Research, Mizuho, Wolfe Research, Deutsche Bank . Institutional Investor, JPMorgan, OPEC, Bloomberg, Federal Reserve, Exxon, Chevron, Valero, Plains, American Pipeline, Labor Locations: Saudi Arabia, Saudi, Russia, Kazakhstan, China, India, Africa, Latin America, Europe, San Antonio

☆ Trump lawyers seek halt to civil fraud trial, arguing dissolving his companies would 'sow confusion and chaos'
▼ + stars: | 2023-10-06 | by ( Associated Press | ) www.businessinsider.com time to read: +5 min

Trump's lawyers are trying to halt his $250M civil fraud trial. Judge Engoron's ruling would "sow confusion and chaos," Trump's lawyers argue. AdvertisementAdvertisementThe appellate court last week rejected the defense's last-minute effort to delay the trial just days before it began. But, only if the trial proceeds as scheduled, Senior Assistant Solicitor General Dennis Fan wrote in a letter to the appellate court. Trump's lawyers argued that Engoron had "no rationale or legal authority" to impose what they described as "the corporate death penalty."

Persons: Engoron's, —, — Donald Trump's, Letitia James, Arthur Engoron, Trump, Clifford Robert, Michael Farina, Michael Madaio, Trump's, James, Dennis Fan, Fan, who've, Engoron, Barbara Jones, Jones, Christopher Kise, he'd Organizations: Service, Trump, Republican, Engoron, White Locations: York, New

The appellate court last week rejected the defense’s last-minute effort to delay the trial just days before it began. On Thursday, Trump’s lawyers dropped a lawsuit they filed against Engoron as part of that challenge. Political Cartoons View All 1202 ImagesThe appellate court has yet to rule on the latest appeal. Trump's lawyers argued that Engoron had “no rationale or legal authority” to impose what they described as “the corporate death penalty." “Perhaps most alarming is (the court's) incomprehension of the sweeping and significant consequences of its own ruling,” Trump's lawyers said in their appeal Friday, describing Engoron’s ruling as an “overbroad directive that sows confusion and chaos in its implementation.”

Persons: — Donald Trump’s, Letitia James ’, Arthur Engoron, Engoron “, ” Trump, Clifford Robert, Michael Farina, Michael Madaio, ”, Trump’s, James, Dennis Fan, Fan, “ upending, who've, Engoron, Trump, Barbara Jones, Jones, Christopher Kise, he’d, wasn't “ Organizations: Trump, Republican, Engoron, White Locations: York, New

☆ Morgan Stanley names its top dividend-paying stock picks
▼ + stars: | 2023-09-28 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

When picking dividend-paying stocks to stabilize your portfolio in tumultuous times, don't just go for higher yields — look for the growers, according to Morgan Stanley. Dividend-paying stocks have outperformed nondividend payers across all large-cap sectors going back to 2000, except for consumer discretionary, Morgan Stanley said. Energy Transfer , a company that operates in the natural gas pipeline industry, is rated overweight by Morgan Stanley analyst Robert Kad. Morgan Stanley also likes Mondelez International , the company behind Sour Patch Kids candy and Oreo cookies. Morgan Stanley anticipates banks will be able to grow their dividends about 5% in 2024.

Persons: Morgan Stanley, Morgan Stanley's, Robert Kad, Pamela Kaufman, Betsy Graseck, — CNBC's Michael Bloom Organizations: Mondelez, Financial, Regions Locations: outperformance, Birmingham , Alabama

REUTERS/Charles Mostoller/File Photo Acquire Licensing RightsSept 21 (Reuters) - Magellan Midstream Partners' (MMP.N) unitholders on Thursday voted in favour of its sale to larger rival ONEOK Inc (OKE.N) for $18.8 billion, creating one of the largest U.S. energy pipeline companies. Independent proxy advisory firms Glass Lewis & Co and ISS had recommended a vote in favor of the sale. Magellan, in its proxy, cautions that the merger is not conditioned on the compensation vote and that if the acquisition is approved, the executive compensation is payable. Michael Mears, Magellan's previous chief executive officer, also would receive about $26.5 million in equity, while the company's current chief commercial officer and general council will receive multi-million dollar packages. Magellan, however, said it expects ONEOK to consider the outcome of the compensation vote, along with other factors, when considering future executive pay.

Persons: Charles Mostoller, unitholders, Glass, Aaron Milford, Jeff Holman, Michael Mears, Magellan's, ONEOK, Mrinalika Roy, Gary McWilliams, Sharon Singleton Organizations: REUTERS, Midstream Partners, ONEOK Inc, Energy, Partners, Glass Lewis, Co, ISS, Thomson Locations: Elliston , Virginia, U.S, Magellan, Bengaluru, Arathy, Houston

Internal Revenue Service agents have claimed in whistleblower testimony the investigation was “slow walked” and the authority of the prosecutor in charge was curtailed by the Justice Department. While the Hunter Biden case is far from typical, it touches on some of the more mundane but less-well-understood aspects of the criminal justice system. Such an order, requiring approval in this case by Garland or another senior Justice Department official, gives the prosecutor what’s typically known as “special attorney” status. This person is not subject to day-to-day supervision of the Justice Department, but must still comply with department regulations, policies and procedures. WHAT ARE SOME OF THE COMPLICATIONS ON THE HUNTER BIDEN CASE?

Persons: Merrick Garland, Hunter Biden, Garland, Joe Biden, –, what’s, David Weiss, Weiss, Biden, Hunter, Gary Shapley, Thomas Sobocinski, —, ” Sobocinski, “ Organizations: WASHINGTON, —, Republicans, Justice Department, Internal Revenue Service, FBI, Drug, Administration, Homeland, Prosecutors, Department, IRS, Delaware U.S, Hunter Biden, HUNTER, Congressional Republicans Locations: U.S, Delaware, Washington and California

☆ Lightning Round: The properties Enbridge got from Dominion were 'absolutely fantastic', says Jim Cramer
▼ + stars: | 2023-09-12 | by ( Jim Cramer | ) 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 EmailLightning Round: The properties Enbridge got from Dominion were 'absolutely fantastic', says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Magellan Midstream Partners, Cabaletta Bio, Edwards Lifesciences, International Flavors and Fragrances, CVS, Enbridge and Honeywell.

Persons: Enbridge, Jim Cramer, Cabaletta, Edwards Lifesciences Organizations: Dominion, Magellan Midstream Partners, Honeywell

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