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☆ Wall St Week Ahead Fed-wary investors eye mounting risks to US stock rally
▼ + stars: | 2023-09-22 | by ( David Randall | ) www.reuters.com time to read: +4 min

The S&P 500 (.SPX) tumbled 2.9% this week, its biggest weekly decline since March. High Treasury yields dull the allure of stocks by offering investors an attractive payout on an investment seen as virtually risk free. The S&P 500 entered what has historically been its weakest 10-day stretch of the year on Sept. 18, according to BofA Global Research. Meanwhile, a drawn out government shutdown could aggravate concerns over U.S. government gridlock and send Treasury yields even higher. He noted that the S&P 500 remains above its 200-day moving average and there have been few signs of investors fleeing to safety.

Persons: Charlie Ripley, Brian Jacobsen, “, ”, Fitch, Keith Lerner, Adam Turnquist, David Randall, Ira Iosebashvili, David Gregorio Our Organizations: Federal Reserve, Fed, Investors, BoFA, Allianz Investment Management, Treasury, Annex Wealth Management, BofA Global Research, Societe Generale, LPL Financial, Thomson

Following Thursday's trade, Jim Cramer's Charitable Trust will own 300 shares of PXD, increasing its weighting in the portfolio to 2.4% from 2.2%. PXD @CL.1 YTD mountain Pioneer vs. WTI You might that a stock directly linked to the price of oil would have made a similar move. The divergence here has created an opening to buy more shares as higher oil prices should lead to bigger dividends and larger share repurchases at the company level. U.S. oil prices briefly topped $92 on Tuesday. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, PXD @CL, WTI, Jim, Carley Garner, Rusty Braziel, Jim Cramer, Spencer Platt Organizations: Natural Resources, PXD, Texas, Halliburton, HAL, Coterra Energy, CNBC, New York Stock Exchange, Getty Locations: U.S, Russia, China, India

☆ China surprises with modest rate cut amid growing yuan risks
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +4 min

The one-year loan prime rate (LPR) was lowered by 10 basis points to 3.45% from 3.55% previously, while the five-year LPR was left at 4.20%. The 10 bp cut in the one-year rate was smaller than the 15 bp cut expected by most poll respondents. Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages. The reduction in the one-year LPR came after the People's Bank of China (PBOC) unexpectedly lowered its medium-term policy rate last week. Cheung added that the unexpected rate outcome should be "negative to China growth outlook and the yuan exchange rate".

Persons: Tingshu Wang, LPR, Masayuki Kichikawa, Ken Cheung, Cheung, Winni Zhou, Tom Westbrook, Kevin Buckland, Sam Holmes Organizations: People's Bank of China, REUTERS, Rights, Sumitomo Mitsui DS Asset Management, Mizuho Bank, Thomson Locations: Beijing, China, Rights SHANGHAI, SINGAPORE, Shanghai

☆ The credit outlook has gotten a lot better, says OceanFirst Financial CEO
▼ + stars: | 2023-08-21 | 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 credit outlook has gotten a lot better, says OceanFirst Financial CEOChris Maher, OceanFirst Financial chairman and CEO, joins 'Squawk on the Street' to discuss how much of the regional bank selloffs have to do with the current rate environment, OceanFirst's positioning towards credit, and the outlook for credit delinquencies.

Persons: Chris Maher

☆ Bitcoin abruptly tumbles as much as 9% to just over $26,000 late Thursday
▼ + stars: | 2023-08-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

Bitcoin slipped sharply on Thursday evening, tumbling by as much as 9% to just over $26,000. The cryptocurrency last traded at $26,593.68, reflecting a decline of more than 8%, according to Coin Metrics data. The fall in bitcoin followed several hours after The Wall Street Journal reported that SpaceX, which is helmed by Elon Musk, wrote down the value of its bitcoin holdings by a total of $373 million in 2022 and 2021, and that the space travel company had sold the virtual currency. "This is one of the most brutal minute-by-minute selloffs we've seen in the history of bitcoin," Ryan Rasmussen, a researcher at Bitwise Asset Management, told CNBC. In 2022, Tesla, which Musk also leads as CEO, announced that it sold about 75% of its bitcoin holdings after investing $1.5 billion in the flagship cryptocurrency.

Persons: Bitcoin, Elon Musk, Ryan Rasmussen, Elon, Tesla, Musk Organizations: Street Journal, SpaceX, Bitwise Asset Management, CNBC Locations: bitcoin

☆ Here are our top 4 stocks and worst 4 stocks to start the second half of 2023
▼ + stars: | 2023-07-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

There are some new names on both the July leaders and July laggards list since we did this exercise looking at our January to June portfolio performance. META 1M mountain Meta stock performance month-to-date. Meta Platforms (META) remains a top performer in the portfolio to start the second half, rising 7.6% for the first two weeks of July after more than doubling in the first half. To start out the first half of 2023, Nvidia was our top-performing stock in the portfolio with nearly a triple. The analysts warned that FL's high exposure to lower-income consumers could pressure the second half of the year.

Persons: Jim Cramer's, Jim, Meta, Baird, Mary Dillon, Foot, Nikesh Arora, PANW, Eli Lilly, Lilly, Mounjaro that's, Johnson, Jim Cramer, Brendan McDermid Organizations: Jim Cramer's Charitable Trust, Investing, Nasdaq, HAL, Halliburton, Natural Resources, Coterra Energy, Meta, Nvidia, Apple, Alto Networks, Palo Alto Networks, Microsoft, PANW, Palo, Reuters, Nordisk, CNBC, Traders, New York Stock Exchange, & ' $ Locations: North America, FL, PANW, Palo, New York City, U.S

☆ If forward numbers don't match valuation you could see selloffs in tech, says Satori's Dan Niles
▼ + stars: | 2023-06-30 | 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 EmailIf forward numbers don't match valuation you could see selloffs in tech, says Satori's Dan NilesDan Niles, Satori Fund founder, joins 'Tech Check' to talk the A.I. hype cycle, what's ahead for mega cap tech stocks and more.

Persons: Dan Niles Dan Niles Organizations: Fund

☆ A portfolio manager who runs 3 of the 10 best large-cap funds in the past year shares his surprisingly simple investing strategy — and the 4 places he's putting his money now
▼ + stars: | 2023-05-24 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Leading fund manager Matt Fruhan found success this year by continuing to prioritize valuations. Two of those standout funds, the Fidelity Mega Cap Stock Fund (FGRTX) and the Fidelity Advisor Mega Cap Stock Fund (FGTAX), are virtually identical, except for their class and ticker. The fund manager told Insider that he applies the same investing process and principles across all of his funds. "Some investors are kind of reactive to the market and let the market tell them what to think," Fruhan said. And that's how you get separation from the stock market over time."

☆ Analysis: Why we may need a stock market plunge to solve the debt ceiling crisis
▼ + stars: | 2023-05-22 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

They know how it ends: with politicians waiting until the last minute before giving in and finally raising the debt ceiling before disaster strikes. On Friday, it looked like the White House and Republicans were getting closer to a deal on the debt ceiling before talks unexpectedly broke down. In 2011, the most serious near-default in American history, markets experienced volatility in the days and weeks before Washington reached a last-minute deal to raise the debt ceiling. None of this is to say markets are completely ignoring the debt ceiling drama today. The debt ceiling is a manufactured crisis that officials could have dealt with months ago.

☆ Dow leaps 546 points as US stocks surge after Apple earnings and hot April jobs report
▼ + stars: | 2023-05-05 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

US stocks jumped on Friday as tech behemoth Apple and regional bank stocks climbed. The S&P 500 finished higher after four consecutive losses, and the Dow Jones Industrial Average piled on more than 500 points. Here's where US indexes stood at the 4:00 p.m. closing bell on Friday:Equities also found strength from a jump in regional bank shares, including PacWest and Western Alliance after sharp selloffs during the week. Yields ran up as the bond market sold off following the stronger-than-expected US jobs report for April. "The April jobs report is indisputably hawkish and puts the focus back on the Fed – especially if inflation data also beat next week.

One silver lining of the stock market’s fluctuations in recent months: Individual investors say they have learned a thing or two about investing along the way. The S&P 500 has been stuck in a bear market—down more than 20% from its high—for 221 days. That is the longest such stretch since 1973, surpassing the selloffs that coincided with the bursting of the dot-com bubble in 2001 and the financial crisis of 2008.

☆ A Fidelity fund manager who's beaten 93% of competitors in the past 5 years shares his strategy for delivering upside while avoiding painful selloffs — and explains how he finds 'mispriced growth' sto
▼ + stars: | 2023-04-16 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

The Fidelity Puritan Fund has dominated in the past five years under Dan Kelley. Here's how the portfolio manager finds underpriced growth stocks that are still high quality. Meanwhile, about half of the fund's bonds are US Treasuries, and just 11.5% are high-yield. How to find mispriced growth in marketsWhen looking for stocks, Kelley said his focus is on finding "mispriced growth" companies, which is similar to what many fund managers call "growth at a reasonable price," or GARP. That's the same mindset that's kept the Fidelity Puritan Fund going for nearly eight decades.

☆ Morningstar: Stocks are historically cheap — buy these 33 top undervalued names to brace for a volatile market today and profit from the recovery later this year
▼ + stars: | 2023-04-15 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

In a recent note, Morningstar shared its top 33 undervalued stocks to buy for the second quarter. While the near term may look difficult for investors, Sekera believes that these headwinds will force the Federal Reserve to pump the brakes on its rate-hiking program sooner rather than later. Valuations-wise, small-cap firms remain the cheapest, while mid-cap and large-cap stocks respectively remain just below and above market average. In a separate note, Morningstar analysts listed their top 33 undervalued stocks for the second quarter of 2023. The full list of names is below, along with each company's ticker, sector, market capitalization, and price versus fair value estimate.

☆ Morningstar: Buy these 10 cheap, defensive stocks to survive a rough second quarter and position for better times ahead
▼ + stars: | 2023-04-12 | by ( Marley Jay | ) www.businessinsider.com time to read: +2 min

Morningstar's chief US market strategist says stocks will stay choppy over the next few quarters. But Dave Sekera also says patient investors can position themselves for future success. "According to our valuations, investors appear best positioned in a barbell-shaped portfolio by being overweight value and growth and underweight core." For now, Sekera wrote, stocks are likely to stay inside their recent trading range, with positive and negative economic news dictating their course. The 10 stocks below are ranked from lowest to highest based on the upside Morningstar believes they have relative to their fair value.

☆ JPMorgan says this retailer is a buy as it nears an 'inflection point'
▼ + stars: | 2023-04-03 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Analyst Matthew Boss upgraded the retail stock to overweight from neutral and increased his price target by $1 to $29. His price target implies the stock will rally 65.8% over the next year from where shares ended Friday's session. He said the retailer should be able to see multiyear EBITDA margins in the low double digits due to five "self-help" growth vectors. Boss said the stock has an attractive risk-to-reward ratio and is at an attractive entry point following recent underperformance. Macy's trades at around two times its 2024 EBITDA, he said, which places it around 50% below the average of stocks in the department stores/mall-based specialty category.

☆ Stocks making the biggest moves premarket: Marathon Oil, Macy's, WWE and more
▼ + stars: | 2023-04-03 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

A road is closed after an oil leak at Marathon Galveston Bay Refinery on October 6, 2021 in Texas City, Texas. Energy stocks — Energy stocks rose broadly Monday after OPEC surprised the market by announcing a production cut. Marathon Oil rose more than 7%, while Halliburton , APA and Occidental Petroleum each gained more than 6%. Extra Space Storage , Life Storage — Extra Space Storage said it would acquire Life Storage in an all-stock transaction for $145.82 per share, an 11.2% premium to where the stock closed Friday. Extra Space shares dropped 4.9% following the announcement; Life Storage shares climbed about 1.7%.

☆ Yellen says US bank rules may be too loose, need to be re-examined
▼ + stars: | 2023-03-30 | by ( David Lawder | ) www.reuters.com time to read: +5 min

REUTERS/Mary F. CalvertWASHINGTON, March 30 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Thursday that banking regulation and supervisory rules need to be re-examined in the wake of the Silicon Valley Bank (SIVB.O) and Signature Bank (SBNY.O) failures to ensure current banking system risks are addressed. Yellen said a 2018 roll-back of bank capital requirements and stronger supervision for smaller and mid-size banks with assets below $250 billion should be re-examined. She added that regulatory reforms put in place after the 2008 financial crisis have helped the U.S. financial system weather shocks, including the COVID-19 pandemic. adding that the financial system was significantly stronger than it was 15 years ago. The multi-regulator Financial Stability Oversight Council's restored Hedge Fund Working Group will continue to monitor risks and develop policy recommendations, Yellen said.

☆ Lyft’s New Boss Quickly Loses His Signing Bonus
▼ + stars: | 2023-03-28 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Lyft’s past two quarterly reports have disappointed investors and sparked major stock selloffs. David Risher helped an online bookseller figure out how to also move DVDs, toys, stereos and garden supplies. Lyft announced late Monday that co-founders Logan Green and John Zimmer are stepping down from their respective roles as chief executive and president of the ride-sharing company to hand the wheel to Mr. Risher. The change takes place on April 17 when Mr. Risher will take over the CEO post and Messrs. Zimmer and Green become chair and vice chair of the company’s board, respectively. Mr. Risher has been serving on Lyft’s board since 2021.

☆ Stock futures are up as Wall Street looks to build on winning week: Live updates
▼ + stars: | 2023-03-26 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Stock futures edged higher Sunday evening as Wall Street came off a winning week and investors continued to follow the troubling bank sector. The moves come after Wall Street capped off a winning week despite volatility related to the Federal Reserve's latest interest rate hike and the ongoing bank crisis. The news reignited concerns over the health of the European banking system that started with UBS ' acquisition of Credit Suisse earlier this month. "Although markets were okay with the Fed, it was the second thing — the ongoing turmoil in the banking system — that mattered even more." In the week ahead, investors will likely continue watching the banking sector for indicators of potential weakness.

☆ JPMorgan shares 4 charts that put the banking crisis into perspective — and show why the tech recession may already be over
▼ + stars: | 2023-03-26 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

But JPMorgan Private Bank's Jacob Manoukian says investors shouldn't let the noise distract them. With the recent collapses of Silicon Valley Bank and Signature Bank drawing comparisons to the Global Financial Crisis, the stakes have never been higher for the Federal Reserve than they were during this week's FOMC meeting. Both SVB and Signature Bank had an unusually high concentration of large deposits above the $250,000 threshold insured by the Federal Deposit Insurance Corporation. Takeaway #2: Say goodbye to the tech recessionBesides their deposit makeup separating them from regional banks, both SVB and Signature Bank were also highly concentrated in specific sectors. "Such companies are often (as yet) unprofitable, speculative and digitally enabled," Manoukian wrote.

☆ Buy Berkshire Hathaway stock for Warren Buffett's steady hand during crises, says Morningstar
▼ + stars: | 2023-03-20 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's long history of aiding failing banks is one reason for investors to buy Berkshire Hathaway shares now, in the midst of the latest banking blowup, according to Morningstar. "Another banking crisis, another call to Buffett," Morningstar analyst Greggory Warren said in a note Monday. The legendary investor has been a white knight for troubled banks on other occasions. Buffett also famously came to Goldman Sachs' rescue with a $5 billion cash infusion after the collapse of Lehman Brothers in 2008. The analyst said Berkshire shares are appealing right now and could serve as downside protection given its diverse businesses and unmatched balance sheet strength.

☆ Signature Bank buyer gets a crisis dividend
▼ + stars: | 2023-03-20 | by ( John Foley | ) www.reuters.com time to read: +4 min

The failure of lender Signature Bank (SBNY.O) has forced them to abandon their consolidation-skeptic principles, resulting in a sizeable crisis dividend for Signature’s new owner. Bank mergers almost never happen so quickly, and nobody knows that better than Community Bancorp boss Thomas Cangemi. A study by the St. Louis Federal Reserve found that failed bank selloffs did lessen competition, but not by much. Community Bancorp said it has taken on $13 billion in loans and $25 billion in cash as part of the deal. The FDIC has been given equity appreciation rights in New York Community Bancorp that could be worth up to $300 million.

☆ Victims of the Fed: How a year of rate hikes cratered stocks - and fueled the demise of FTX and Silicon Valley Bank
▼ + stars: | 2023-03-17 | by ( George Glover | ) www.businessinsider.com time to read: +5 min

The US central bank has lifted borrowing costs from near-zero to just under 5%, starting with its initial raise on March 16, 2022. Lender Silicon Valley Bank failed and FTX imploded after borrowing costs rose. "Stocks had become reliant on low interest rates as a crutch," Dan Kemp, CIO at Morningstar Investment Management, told Insider. "If valuations had been lower, then the reaction to the Fed's rate hikes would've been far less severe." Rising interest rates in a particular country tend to strengthen its currency, because they attract foreign investors seeking higher yields.

☆ The CIO of Morningstar Wealth's Americas unit explains why investors focused on the next recession are missing the point — and shares the market areas to buy now for profits in any economy
▼ + stars: | 2023-03-13 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Marta Norton believes that investors hyper-focused on the next recession are missing the point. A glance at the current US economy certainly doesn't paint a very rosy picture for investors. "Very long term return prospects across equities and fixed income are better today than they were a year ago, but markets still aren't priced to really attractive levels," she added. Globally, Norton is also bullish on the communication services due to the sector's attractive valuations and diversification benefits, since some companies have both value and growth characteristics. Norton is also overweight healthcare and consumer staples, two defensive sectors that are more resilient to market volatility and earnings declines.

☆ Morgan Stanley, BlackRock funds among those exposed to regional bank failures
▼ + stars: | 2023-03-13 | by ( David Randall | ) www.reuters.com time to read: +3 min

REUTERS/Lucas JacksonNEW YORK, March 13 (Reuters) - Mutual funds managed by Morgan Stanley (MS.N), Fidelity, and BlackRock (BLK.N) appear to be among the most exposed to the collapse of Silicon Valley Bank and Signature Bank, Morningstar data showed, as a market selloff has erased more than $100 billion of U.S. banks' value. Few funds held positions that alone appeared large enough to badly damage them, though further selloffs in regional bank shares could increase the pressure, said Todd Rosenbluth, head of research at data analysts firm VettaFi. Regulators closed Signature Bank on Sunday, marking the third-largest bank failure in U.S. history, after Silicon Valley Bank on Friday became the country's second-largest bank to collapse. The $3.9 million BlackRock Future Financial and Tech ETF , meanwhile, held 3% of its assets in Signature and 1.7% in Silicon Valley Bank as of the end of December. Prior to the fall of Silicon Valley Bank, financial shares had drawn some U.S. investors, who expected rising interest rates to lift bank margins.

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