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Search resuls for: "prognostications"


12 mentions found


☆ The downside risk to the stock market is the highest it's been in a year as earnings face pressure, Morgan Stanley's chief stock strategist says
  + stars: | 2023-03-27 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +3 min
Stocks are still set to see earnings pressure, and investors shouldn't be fooled by the tech rally, Morgan Stanley's Mike Wilson said. Previously, he predicted the worst earnings recession since 2008 to strike the market. In an interview with Bloomberg TV on Monday, Wilson pushed back against bullish market commentators who are championing the current rally in tech stocks. "The malinvestment was just so egregious and the overearning was even worse," he said of tech stocks' strong performance. Wilson has been bearish on stocks for months and previously sounded the alarm for the worst earnings recession since 2008 to hit the market.
☆ Jim Cramer says these 12 stocks aren't 'your father's cyclicals'
  + stars: | 2023-03-08 | by ( Rohan Goswami | ) www.cnbc.com   time to read: 1 min
CNBC's Jim Cramer said Wednesday he thinks many investors are wrong about twelve companies that were historically considered cyclical stocks. "These are not your father's cyclicals," Cramer said. Historically, Cramer said, these stocks tended to be swayed by the broader macroeconomic picture, and by prognostications from Federal Reserve officials. But Cramer says this "dirty dozen" isn't so dirty anymore. Here are the twelve stocks that Cramer thinks aren't as cyclical, and have made major strides toward repositioning themselves.
☆ Wall Street analysts are warning stocks are about to come crashing down
  + stars: | 2023-02-22 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
Today's Fed minutes release should provide more insight on what's to come in March. So according to Wilson, stocks have entered this death zone after climbing too high too fast in hopes the Federal Reserve is about to pull back on its aggressive monetary policy. He's reiterated several times this year that the rally will lose steam, and he expects sticky inflation to push the Fed to hold interest rates higher for longer. The bank's analysts now see the Fed raising rates by 25 basis points in June, which would bring the terminal rate to a target range of 5.25-5.5%. "As [stocks] have reached even higher levels, there is now talk of a "no landing" scenario – whatever that means," Wilson noted.
☆ Meta shares rocket 25%, on pace for the best day in a decade
  + stars: | 2023-02-02 | by ( Rohan Goswami | ) www.cnbc.com   time to read: +2 min
Meta shares jumped 25% Thursday morning, on pace for the best day in nearly a decade, with a slew of analyst upgrades coming off the back of a fourth-quarter revenue beat and optimistic prognostications from CEO Mark Zuckerberg. Meta shares sit at their highest point since September 2022, weeks before a disastrous third-quarter earnings report that prompted analysts across Wall Street to openly question Zuckerberg's leadership. posited Evercore ISI analyst Mark Mahaney. He cited "materially reduced expense projections" and a larger-than-anticipated share buyback, upping his price target to $275 and reiterating an outperform rating. At Guggenheim, Michael Morris revised his price target to $210, maintaining a buy rating, citing in part lowered costs and a belief in management messaging on "momentum."
☆ Behavioral investing expert Phil Toews sees upside for stocks and bonds now — but warns investors that a bigger, longer-lasting downturn might be on the way
  + stars: | 2023-01-18 | by ( Marley Jay | ) www.businessinsider.com   time to read: +3 min
Phil Toews is the CEO of Toews Asset Management, which has more than $2 billion in assets. Phil Toews has made a name for himself with defensive-oriented investing, so it's something of a surprise to hear he's taking some risks these days. Toews is the CEO and a portfolio manager at Toews Asset Management, which manages more than $2 billion in assets. One major reason is that stocks look expensive when a recession might be approaching. Toews says that stocks keep making short-term rallies because investors think the Federal Reserve is about to pivot and take a more dovish approach to interest rates.
☆ California floods strike at planners’ blind spots
  + stars: | 2023-01-11 | by ( ) www.reuters.com   time to read: +2 min
WASHINGTON, Jan 11 (Reuters Breakingviews) - If California’s budget speaks to lawmakers’ prognostications, flooding wasn’t supposed to be such a big issue. But a current deluge of rainfall makes it clear that planning for disasters needs to be broader and more proactive. Flooding along the state’s coast is expected to cost California more than $1 billion, the Los Angeles Times reported Tuesday. While the California Senate called for extra flood protection in May, the budget only set aside $246 million for risk prevention. Municipal spending was painfully low with state and local authorities spending $48 million annually.
☆ Wall Street salaries revealed: How much Evercore, Centerview, Moelis, and other boutique banks pay from analyst to VP
  + stars: | 2022-11-22 | by ( Emmalyse Brownstein | Rachel Durose | ) www.businessinsider.com   time to read: +9 min
Pay soared everywhere, but particularly at boutique firms, which tend to pay more than big banks. Some of the biggest beneficiaries of that trend were those at "boutique" firms — smaller banks lesser known to industry outsiders — like Moelis, Lazard, and Evercore. It has more than 3,000 employees according to LinkedIn and more than 200 open positions. Rothschild & Co.Based in Paris, but with offices in several US cities, Rothschild has 3,600 employees, according to their website. 2 in number of completed transactions for the first half of 2022, according to their August press release.
☆ Sorrell's S4 Capital defies tech turmoil to maintain momentum
  + stars: | 2022-11-14 | by ( Paul Sandle | ) www.reuters.com   time to read: +2 min
SummarySummary Companies Digital ad group says it maintained momentum in Q3Reiterates full-year earnings forecastShares rise as much as 9%LONDON, Nov 14 (Reuters) - Martin Sorrell said his digital ad group S4 Capital (SFOR.L) had maintained momentum in a third quarter marked by disappointing results from major platforms including Alphabet's Google (GOOGL.O) and Facebook's Meta (META.O). Shares in S4 rose 9% to 229 pence in early deals, the highest level since the downgrade in the summer. Sorrell said Twitter and Snap, which each account for around 1% of the digital ad market, were not a good indicator for the sector. He said advertisers were pausing spending on Twitter pending clarity on how new owner Elon Musk would moderate content. "At the moment most clients are suspending their activities because they're worried about extreme content and content moderation on the site."
☆ From Elon Musk's 'super bad feeling' to Jamie Dimon's warnings of an economic 'hurricane,' CEOs are shouting that 2023 is going to suck. Here's what 10 are predicting.
  + stars: | 2022-10-21 | by ( Hannah Towey | Jason Lalljee | ) www.businessinsider.com   time to read: +8 min
91% of US CEOs anticipate there will be recession in the next 12 months, according to a KPMG survey. The Fed will further raise interest rates to combat inflation, which will increase costs for businesses. Those interest rates also mean that credit card and loan debt will get more expensive. Musk told investors in October that "North America is in pretty good health," but pushed back on the Fed's decision to keep raising interest rates. Citadel CEO Ken Griffin"Everybody likes to forecast recessions, and there will be one," Citadel's billionaire CEO told CNBC in late September, noting that he thinks inflation has peaked.
☆ Tesla shares slide after Q3 revenue miss, Bernstein says earnings call 'didn't sit well with us'
  + stars: | 2022-10-20 | by ( Sofia Pitt | ) www.cnbc.com   time to read: +1 min
Tesla CEO Elon Musk is trying to buy Twitter and manage multiple companies at the same time. Shares of Tesla slid about 6% Thursday morning as investors digested the company's third-quarter earnings report from Wednesday evening. Tesla reported earnings of $1.05 per share, beating expectations of 99 cents a share. Musk's comments "didn't sit well" with Bernstein senior research analyst Toni Sacconaghi. "Aside from the financials, the earnings call didn't sit well with us," Sacconaghi said in a note on Thursday.
☆ Bernstein says Musk was 'curt' and 'almost dismissive' on earnings call, sees stock dropping nearly 30%
  + stars: | 2022-10-20 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
"Aside from the financials, the earnings call didn't sit well with us," Sacconaghi said in a note Thursday. "Answers to many questions on the earnings call were curt and almost dismissive, with CEO Musk instead repeatedly making very bold prognostications about Tesla's future and capabilities." The analyst said Tesla earnings call was less informative than usual with Musk dodging concerns and questions about demand, the potential for lower prices and details about Inflation Reduction Act. Instead, Sacconaghi said Musk tried to highlight Tesla's potential and aspirations. Apparently this is not the first time Sacconaghi was annoyed by Musk's comments on Tesla's earnings call.
☆ Gen X is late to the leadership table in US politics, prompting the question: Will it ever produce a president?
  + stars: | 2022-09-28 | by ( Darren Samuelsohn | ) www.businessinsider.com   time to read: +21 min
By historical standards, Gen X should be in charge of the US by now. Think of them as the godparents of the "Xennials" — those born in the late 1970s or early 1980s who aren't fully Gen X or millennial. No matter whether you deny the 61-year-old Obama is a boomer, Gen X is starting to get up there in age. Michael Ciaglo-Pool/Getty ImagesWhat's the US missing without a Gen X president? "It's like seeing a ghost that doesn't appear," she said of any expectation the presidency would just suddenly open up for Gen X.
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