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☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Imax, Netflix, Robinhood, Amazon & more
▼ + stars: | 2022-12-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Evercore ISI initiates American Express Global Business Travel Group as outperform Evercore initiated the corporate travel business company with an outperform rating and said it's a beneficiary of corporate travel recovery. AmEx GBT is the leading business to business travel management platform, providing software and services to manage travel, expenses, and events for corporate travel." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it sees a "buying opportunity" for shares of Tesla. Piper Sandler reiterates Tesla as overweight Piper said Tesla could become a key ESG holding. Morgan Stanley reiterates Wells Fargo as overweight Morgan Stanley said the banking giant is a top beneficiary of rate increases. "

☆ Costco CEO's cautious consumer outlook justifies our near-term view on the stock
▼ + stars: | 2022-12-19 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Craig Jelinek, chief executive officer of Club holding Costco (COST), said Monday he sees a more-vigilant consumer this holiday shopping season and potentially beyond. Consumer behavior Jelinek highlighted a number of stronger areas for Costco, including its Kirkland-branded products across a number of categories. "Our food [and] sundry business, our fresh business, our travel business, continues to be strong," Jelinek added. Looking ahead to next year, Jelinek said Costco is taking stock of the economic uncertainty and factoring that into its merchandising plans. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Top tech analyst Mark Mahaney says this travel stock should weather a slowdown in demand
▼ + stars: | 2022-12-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Evercore ISI's Mark Mahaney views Booking Holdings as one of the best-positioned stocks to weather a slowdown in travel demand heading into 2023. Wall Street is preparing for a slowdown in travel over the coming months following a record-breaking summer stemming from pent-up demand during the pandemic. Despite this backdrop, Mahaney views many travel businesses more favorably than other digital companies that benefitted from Covid-19 tailwinds and must now cut costs amid a weakening macro environment. "Travel companies cut costs way early on, so they already go into this softening environment with lean and mean cost structures," Mahaney said. Against this backdrop, Mahaney also likes Airbnb , but views Booking as a more favorable travel play because it's less expensive.

☆ China’s Meituan beats revenue estimates, swings to profit
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +2 min

Meituan, whose services also include restaurant reviews and bike-sharing, said total revenue rose to 62.62 billion yuan ($8.74 billion) in the three months ended September, compared with analysts' average estimate of 61.79 billion yuan, according to Refinitiv data. The company swung to a quarterly profit of 1.22 billion yuan from a loss of 9.99 billion yuan a year earlier, as it pulled the brakes on heavily funding its new initiatives. Sales from new initiatives, including its community e-commerce business Meituan Select, grew by 39.7% year-on-year to 16.29 billion yuan. Revenue from core local commerce, which includes food delivery and in-store, hotel and travel businesses, rose 24.6% to 46.33 billion yuan. ($1 = 7.1615 Chinese yuan renminbi)Reporting by Yingzhi Yang and Brenda Goh;Editing by Mark Potter and Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

☆ IPO funds raised by Southeast Asian companies fall amid economic headwinds
▼ + stars: | 2022-11-16 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Photographer: Dimas Ardian/Bloomberg via Getty ImagesThe funds raised by public listings in Southeast Asia fell by 52% this year compared to a year ago, data from Deloitte showed. Initial public offering (IPO) funds raised by companies in the region reached $6.3 billion from the January to Nov. 11 period, the management consulting company said. The findings also revealed that only eight large and medium-sized companies listed in 2022, less than half of the 19 large- and medium-sized companies that were listed in 2021. IPO activity in Southeast Asia was lower this year, with only two blockbuster IPOs — Indonesia's GoTo which raised $1.1 billion and Thai Life Insurance with $1 billion raised. This could mean that the bigger companies are holding out and postponing their listings in anticipation of better market conditions, Deloitte said.

☆ E-commerce firm Blibli up nearly 5% in Indonesia stock debut
▼ + stars: | 2022-11-08 | by ( Sheila Chiang | ) www.cnbc.com time to read: 1 min

Shares of Indonesian e-commerce company Blibli rose 4.9% in its Indonesian stock market debut Tuesday, in what was the country's second-largest initial public offering this year. Shares of PT Global Digital Niaga Tbk, which owns Blibli, climbed as high as 472 rupiah in early trading, up from its IPO price of 450 rupiah per share. In early afternoon trade, the stock was trading at about 452 rupiah. Blibli is the latest tech company to list in Southeast Asia since Indonesian unicorns Bukalapak's $1.5 billion share sale in August 2021 and GoTo's $1.1 billion IPO in April. Blibli, an online marketplace selling a range of household and lifestyle goods, was founded in 2011 and is owned by the Indonesian e-commerce group PT Global Digital Niaga which also runs an online travel business and supermarket chains.

☆ Unexpected Revival in Group Travel Boosts Hotel Owners
▼ + stars: | 2022-09-20 | by ( Kate King | ) www.wsj.com time to read: 1 min

The chairman of Omni Hotels & Resorts says its Southern properties, including the Omni Nashville Hotel in Tennessee, are seeing a recovery in group-travel business. People are traveling in packs again. More than two years after the pandemic grounded group travel, hotels are finally selling blocks of rooms. Bookings for corporate events, conferences and large social gatherings such as weddings and reunions started picking up steam this spring and have accelerated for many hotels and resorts through the summer, analysts and hotel owners said.

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). If you've lost your income or otherwise need help paying your bills, a credit card should be your last resort because you don't want to end up accruing credit card debt with high interest rates. If your income has been affected by the coronavirus, you might be eyeballing cash-back rewards credit cards, or even a low-interest credit card as a source of funds to tide you over. See Business Insider's list of the best travel rewards credit cards »There are a few things to keep in mind if you want to open a travel rewards card right now. "The goal is to not let the credit card debt grow from month to month."

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