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Carrier Global has a powerful tailwind that could stick around for years, says Jim Cramer'Mad Money' host Jim Cramer looks at more stocks that could benefit from the influx in federal spending programs.
Persons: Jim Cramer Organizations: Carrier Global
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft-Activision win will be huge tailwind for tech, says Jefferies' Brent ThillBrent Thill, Jefferies analyst, joins 'Squawk on the Street' to discus Microsoft-Activision deal as the latter company sees shares soar.
Persons: Jefferies, Brent Thill Brent Thill Organizations: Microsoft, Activision, Jefferies
July 11 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. All else equal, this would be a tailwind for Asian stocks, bonds and currencies. A New York Fed survey of consumer and inflation expectations was also "risk-friendly." Sentiment toward Asian stocks in recent months has been mostly bearish, with the exception of Japan, but a pause in the selling on Monday lifted the gloom a little. Chinese and broader Asian stocks rose for the first time in four sessions, while the yuan and yen strengthened to two-week highs against the dollar.
Persons: Jamie McGeever, Marguerita Choy Organizations: New York Fed, Mainland Banks Index, Ant, Thomson, Reuters Locations: U.S, Japan, underperformance, Hong Kong, Mainland, Philippines, Australia, Germany
Baby boomers own a massive $75 trillion in wealth spread out across stocks, homes, and businesses. And that same advantage baby boomers have had—time—is about to be bestowed upon millennials as they enter the prime years for their careers and earnings growth. They will continue to grow their incomes all the way through 2050, compared to a steady decline for baby boomers and Generation X over the same time period. And while Yardeni expects baby boomers will start to spend down their savings and help bolster the economy, they won't be able to spend all of it. Various estimates suggest that more than $70 trillion will ultimately be inherited by Generation X, millennials, and to a lesser extent, Generation Y.
Persons: Ed Yardeni, Cash Ed Yardeni, millennials, boomer, Tom Lee, Lee, Fundstrat Lee, Yardeni Organizations: Service, millennials Locations: Wall, Silicon
A jump in the number of people working part-time for economic reasons also suggested a weaker labor market, but the pace of job growth remains strong and with inflation still double the Fed's target rate, a rate hike this month is likely. "The Fed is being hawkish and that prevents the dollar from depreciating too much. After the jobs data, futures pointed to an 88.8% probability that the Fed hikes in three weeks. Adding a tailwind to the rally in the yen was some position-squaring among speculators, who have built up sizeable bearish positions, Hardman said. The Australian dollar rose 0.8% to $0.6681, but it is still battered by weak Chinese economic data and broad risk aversion.
Persons: Joe Manimbo, We're, Thierry Wizman, They've, Lee Hardman, Hardman, YEN, Herbert Lash, Amanda Cooper, Rae Wee, Sam Holmes, Mark Potter, Barbara Lewis, Marguerita Choy Organizations: Federal Reserves, Labor Department, Treasury, ECB, Strong U.S, Bank of Japan, Thomson Locations: U.S, Japan, New York, London, Singapore
"But at the same time, it just puts the Fed in a position where they've got more work to do." Wall Street's main indexes ended sharply lower in a broad selloff in the previous session, with the benchmark S&P 500 posting its biggest daily percentage drop in six weeks, after employment data on Thursday showed the number of jobs more than doubled in June. Six of the 11 major S&P 500 sectors advanced in mid-day trading, with commodity stocks such as energy (.SPNY) and materials (.SPLRCM) up over 1% each and outperforming the broader market. Among other movers, the S&P 500 banking index (.SPXBK) gained 1.4%. The S&P index recorded three new 52-week highs and four new lows, while the Nasdaq recorded 28 new highs and 49 new lows.
Persons: Levi Strauss, we're, Steve Wyett, they've, Austan Goolsbee, Russell, Wells, Tesla, Bansari Mayur Kamdar, Johann M, Caroline Valetkevitch, Shinjini Organizations: Dow, Nasdaq, BOK, Traders, Chicago Fed, Dow Jones, JPMorgan Chase, Citigroup, Alibaba, Ant Group, NYSE, Thomson Locations: Beijing, Washington, China, Bengaluru
Bloom Energy is positioned for "robust growth" as demand for fuel cells remains strong, according to RBC Capital Markets. Analyst Chris Dendrinos initiated coverage of the electric and hydrogen power company with an outperform rating. The company's increasing traction in Europe, improving cost structure and lower natural gas prices are helping its growth and profitability prospects, he added. "Our analysis shows that BE's vertical sales approach is unlocking incremental value and that there continues to be a strong opportunity to grow the customer base," said Denidros. He highlighted the company's "solid traction" with its customer base in the data center, telecom and health care sectors.
Persons: Chris Dendrinos, Denidros, Bloom, — CNBC's Michael Bloom Organizations: Bloom Energy, RBC Capital Markets Locations: Thursday's, Europe
BENGALURU, July 6 (Reuters) - The U.S. dollar will hold its ground against most major currencies for the rest of the year despite expectations of narrowing interest rate differentials as the U.S. economy stays resilient, according to FX strategists polled by Reuters. "The tightness of the U.S. labour market may help the economy and the dollar in the very short term," said Kit Juckes, chief FX strategist at Societe Generale. "Even if we see (interest) rate convergence, it seems unlikely a new major euro uptrend will start without stronger growth." Indeed, a majority of common contributors showed the dollar view against most major currencies for the coming six months has been either upgraded or kept unchanged from a month ago. "The dollar is getting a tailwind from the Fed ... the current strength is on a repricing of the Fed (rate) higher," said John Hardy, head of FX strategy at Saxo Bank.
Persons: Jerome Powell, Kit Juckes, Jonas Goltermann, Sterling, John Hardy, Indradip Ghosh, Shaloo Srivastava, Sarupya Ganguly, Anitta Sunil, Veronica Khongwir, Hari Kishan, Ross Finley, Matthew Lewis Organizations: U.S, Reuters, Federal Reserve, European Central Bank and Bank of England, Societe Generale, Futures Trading Commission, Capital Economics, Saxo Bank, Thomson Locations: BENGALURU, U.S, Europe, Asia, Britain, Bengaluru
As yields jump to their highest levels in more than 16 years, investors may want to seek out stocks that receive a tailwind from climbing interest rates. CNBC PRO sought to find stocks that go higher during periods of rising short-term rates. We then scrubbed the screen for stocks where analysts like the outlook today and anticipate a gain over the next 12 months. Defensive play PG & E is second as investors look to utilities for shelter in what is typically a tough environment for stocks. Several insurers also make the list as they stand to benefit from higher rates on their large fixed income portfolios.
Persons: Stocks Organizations: CNBC, FactSet, Marathon Petroleum
The research arm of BlackRock, the world's biggest asset manager, shifted its view on Japanese equities to neutral from underweight. "We are looking for more evidence of corporate reform to support the enthusiasm for its equity markets that has gripped foreign investors so far this year," wrote analysts at BlackRock Investment Institute, in its mid-year outlook report last week. "It's not the case that we've already seen the completion of offshore investors' quite aggressive investment in Japan equity markets," said Nomura's chief equity strategist for Japan, Yunosuke Ikeda. "Now, a lot of asset owners have decided just not to invest in China any more, and that's made Japan the top dog in Asia." Many analysts and investors, though, consider the declines a healthy and necessary retracement before the next leg higher, with 35,000 often touted as a target for this year as slower-moving foreign investors start to buy in size.
Persons: Nomura, It's, Yunosuke Ikeda, Archie Ciganer, Rowe Price, Ciganer, that's, Warren Buffett, Vikas Pershad, Kevin Buckland, Ankur Banerjee, Junko Fujita, Jacqueline Wong Organizations: Nikkei, BlackRock Investment Institute, Nomura Securities, Graphics, G Investments, Thomson Locations: TOKYO, Japan, BlackRock, China, Asia, Tokyo, Singapore
Wall Street analysts and economists have always had a tendency to fall in love with their forecasts. This stubbornness helps explain why Wall Street is having an exceptionally hard time letting go of the idea that a recession is just around the corner. Despite the year-plus in which analysts have been arguing that a recession is imminent, none of the arguments behind the predictions stand up to scrutiny. Bear growlsOver the past year, Wall Street pessimists' reasons for an approaching recession have shifted. The drag from the US housing market is fading.
Persons: doomsayers, it's, Neil Dutta Organizations: Street, Federal Reserve, Fed, Macro
Morgan Stanley has named four cybersecurity stocks it expects to gain from the increasing use of artificial intelligence. The investment bank said Palo Alto Networks , Microsoft , Fortinet , and CrowdStrike are set to benefit from a potential $30 billion opportunity AI is expected to unlock in cybersecurity. This trend indicates that there could be a cybersecurity workforce shortage of around 3.4 million people, according to the ISC. They calculated their estimated $30 billion opportunity by talking to more than 20 chief investment security officers and IT security experts. They found that tasks that can be automated currently occupy between 20-40% of a security analyst's time.
Persons: Morgan Stanley, Mogan Stanley, Hamza Fodderwala, PANW, FTNT Organizations: Palo Alto Networks, Microsoft, Information, ISC Locations: Palo, cybersecurity
Travelers are seen ahead of the fourth of July holiday weekend at Hartsfield-Jackson Atlanta International Airport on June 30, 2023, in Atlanta, Georgia. Flight disruptions piled up at airports around the country ahead of the July Fourth weekend, but airline investors have largely shrugged them off. More than 63,000 flights operated by U.S. airlines, or 30% of their schedules, were delayed between June 24 through July 2. But sky-high travel demand continues to keep airline stocks aloft, with several reaching multi-year highs. American Airlines and Delta Air Lines have recently raised their profit outlooks thanks to strong bookings.
Organizations: Hartsfield, Jackson Atlanta International Airport, U.S, Transportation Security Administration, American Airlines, Delta Air Lines, Airlines Locations: Atlanta , Georgia, New York
The S & P 500 rose 8.3% in the second quarter to extended its 2023 advance to 15.9%. Here's a closer look at the Club's best and worst performers in the first half of 2023, starting with the four winningest stocks. West Texas Intermediate crude ended the second quarter under $71 per barrel, about $10 below where it started the year. Humana (HUM) dropped 12.7% in the first half of 2023, rounding out the bottom-four Club stocks between January and June. The common denominator among the worst-performing Club stocks is a bit less obvious than with the winners.
Persons: It's, Dow, Here's, Mark Zuckerberg, Palo, Lisa Su, , Eli Lilly, Locker, Foot Locker's, Estee Lauder, Estee, Halliburton haven't, encouragingly, Halliburton, Jim Cramer's, Jim Cramer, Jim, Jen, Hsun Huang, Huang, Andrej Sokolow Organizations: Nasdaq, Dow Jones, Nvidia, FactSet, Meta, Investors, Facebook, Networks, Palo Alto Networks, Alto, AMD, Devices, Palo, would've, The, HAL, Halliburton, West Texas, Coterra, Humana, Disney, DIS, CNBC, Consumer, Audi, Getty Locations: China, Meta, Palo, Palo Alto, Las Vegas, USA
With two days left in the first half, the S&P 500 (.SPX) is up 14% in 2023 - a rebound that surprised many analysts after equities’ brutal 2022 decline. If history is a guide, stocks’ strong start may give them a tailwind in the second half. Here are six key questions investors are posing as they assess the market's prospects:WHERE’S THAT RECESSION? While the S&P 500 has gained 14% this year, the equal-weight version of the index -- a proxy for the average stock -- has gained just 4.2%. The S&P 500 tech sector (.SPLRCT) now trades at 27 times forward earnings, according to Refinitiv Datastream.
Persons: Sam Stovall, Refinitiv, Lewis Krauskopf, Ira Iosebashvili, David Gregorio Our Organizations: YORK, Nasdaq, New York Federal Reserve, Treasury, UBS, CAN, Apple Inc, Nvidia Corp, HSBC, Reuters Graphics, Advisory Services, Reuters, Thomson Locations: U.S, Silicon
Wall Street analysts continued to favor Meta Platforms (META) over Alphabet (GOOGL), sending shares of META up more than 3% and GOOGL shares just slightly higher Tuesday. Analysts at both firms expressed concern over how the implementation of generative AI might hurt search-related ad revenues and boost expenses. That said, Bernstein and UBS both also acknowledge that longer-term generative AI may very well prove a tailwind for Alphabet. META YTD mountain Meta Platforms YTD performance Meta Platforms, meanwhile, has been getting better reviews. Bottom line Both Meta and Alphabet are likely to benefit from generative AI in the long-term — even if Meta has more clearcut benefits in the near term.
Persons: Bernstein, Bard, MAUs, Instagram, chatbots, Meta, Jim Cramer's, Jim Cramer, Jim, Beata Zawrzel Organizations: Street, UBS, Citi, Google, Meta, Cannes Lions, Creativity, Instagram, CNBC, Nurphoto, Getty Locations:
The bank downgraded the tech giant to neutral from buy, albeit with a higher $132 per share price target compared to the previous $123 forecast. UBS' new price target implies roughly 8% upside for Alphabet stock compared to its $122.34 close on Friday. GOOGL YTD mountain Alphabet stock has added nearly 40% from January. UBS analyst Lloyd Walmsley noted he finds difficulty forecasting more upside for Alphabet, noting revenue headwinds remain in the near-term from new search competition. Walmsley highlighted three risks stemming from generative AI over the medium-term: stiffer competition, pressure to margins and hiccups in monetizing the technology.
Persons: Lloyd Walmsley, Walmsley, GOOG, — CNBC's Michael Bloom Organizations: UBS, Google
Information technology firms should benefit as the adoption of artificial intelligence increases. For instance, another subset of technology firms that could capitalize on the rise of automation enabled by AI, especially in the near term, includes information technology services vendors. Although this may be true, the analysts also noted that information technology firms have traditionally been quick to adapt to and adjust for technological advancements. 5 stocks poised to benefit from the rise of AIEven within the information technology industry, it's clear that not all firms are created equally. In the report, the analysts identified five information technology companies that are uniquely positioned to become key beneficiaries of rising artificial intelligence adoption.
Persons: Morgan Stanley Organizations: Nvidia, IT Services, Services
The S&P 500 now trades at 19 times its expected 12-months earnings, well above its historic average of 15.6 times, Refinitiv Datastream showed. WFII recently downgraded the technology sector, which has led this year's S&P 500 rally, to "neutral" from "favorable," citing "unattractive" valuations. Goldman urged investors to consider "downside protection" to their stock portfolios, though they expect the S&P 500 to reach 4,500 by year-end, or about 3.5% above current levels. Valuations are even more stretched for the Nasdaq 100 (.NDX), whose 36% rally this year has dwarfed that of the S&P 500. "From a near-term perspective, investors should expect stocks to just cool a little bit."
Persons: Refinitiv Datastream, Goldman Sachs, Sameer Samana, WFII, Goldman, Refinitiv, Michael Purves, Purves, Anthony Saglimbene, Lewis Krauskopf, Ira Iosebashvili, Richard Chang Organizations: YORK, Wells, Wells Fargo Investment Institute, Federal Reserve, Nasdaq, Tallbacken Capital, Deutsche Bank, Ameriprise, Thomson Locations: Wells Fargo
Recessions haven't always resulted in declining stock markets, and good opportunities can be found amid them. Sectors for recession naysayersThe best sectors for recession disbelievers are the most economically sensitive ones: industrials, materials and financials. Well-positioned companies with good growth prospects currently include: Corteva, Dow Chemical, Ecolab, Linde plc, Martin Marietta Materials, Nucor Corp., PPG Industries and Sherwin-Williams. Currently buyable names include: Campbell Soup Co., General Mills, The Hershey Co., Kellogg's, Kimberly-Clark Corp., Kroger, Procter & Gamble and Walmart. Sector names with reasonable risk levels and good growth prospects include: Vertex Pharmaceuticals, IDEXX Laboratories, DaVita Inc., Veeva Systems Inc., IQVIA Holdings Inc., Cigna Group and Zoetis Inc.
Persons: Sherwin, Williams, Mayur, Martin Marietta, JPMorgan Chase, Rowe Price, Willis Towers Watson, Campbell, General Mills, Clark, Willie B, Thomas, Digitalvision Organizations: Westend61, University of Michigan Consumer, Investors, Westinghouse Air Brake Co, Cummins Inc, CSX, Emerson Electric, Otis Worldwide, Carrier, Caterpillar, Honeywell, Illinois Tool, Lockheed Martin Corp, Dow Chemical, Ecolab, Linde plc, Martin, Martin Marietta Materials, Nucor Corp, PPG Industries, XLF, JPMorgan, Rowe Price Group Inc, American International Group, Allstate, The, McLennan, Sectors, Co, Hershey Co, Clark Corp, Kroger, Procter, Gamble, Walmart, Getty Images Health, iShares U.S, Medical Devices, Vertex Pharmaceuticals, IDEXX Laboratories, DaVita Inc, Veeva Systems Inc, IQVIA Holdings Inc, Cigna, Zoetis Inc Locations: American, The Hartford, Marsh, Kimberly
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInventory shrink could mean more costs are passed on to consumers, says UBS's Michael LasserMichael Lasser, UBS equity research analyst, joins 'The Exchange' to discuss increased theft in the retail market, new laws requiring high volume sellers to register shrinkage, and how shrinkage could be a tailwind to retailers.
Persons: UBS's Michael Lasser Michael Lasser Organizations: UBS
Warren Buffett has made another annual donation to five foundations, boosting his total charitable giving to more than $50 billion — significantly higher than his entire net worth in 2006 when he first scheduled the grants. The 92-year-old legendary investor said Thursday he has converted over 9,000 Berkshire Class A shares into B shares in order to donate 13.7 million B shares to five foundations. "During the following 17 years, I have neither bought nor sold any A or B shares nor do I intend to do so. The five foundations have received Berkshire B shares that had a value when received of about $50 billion, substantially more than my entire net worth in 2006," Buffett said. "I have no debts and my remaining A shares are worth about $112 billion, well over 99% of my net worth."
Persons: Warren Buffett, Berkshire Hathaway, Melinda Gates, Susan Thompson Buffett, Howard G, Buffett Organizations: Berkshire, Berkshire Hathaway, Melinda Gates Foundation Trust, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Oracle, Melinda Gates Foundation, Berkshire B Locations: Omaha , Nebraska, Omaha, Berkshire
Warren Buffett's charitable giving tops $51 billion
  + stars: | 2023-06-22 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +2 min
June 22 (Reuters) - Warren Buffett has donated another $4.64 billion of Berkshire Hathaway (BRKa.N) stock to five charities, boosting his total giving since 2006 to more than $51 billion. Buffett is donating 10.45 million shares to the Bill & Melinda Gates Foundation, which has received more than $39 billion of Berkshire stock overall. He still owned more than $112.5 billion, or about 15%, of Berkshire shares following Wednesday's donations. The Susan Thompson Buffett Foundation works in reproductive health. The Howard G. Buffett Foundation focuses on alleviating hunger, mitigating conflicts and improving public safety.
Persons: Warren Buffett, Berkshire Hathaway, Buffett, Melinda Gates, Susan Thompson Buffett, Howard, Susan, Peter, Howard G, Bill Gates, Michael Bloomberg, Larry Ellison, Carl Icahn, Elon Musk, Mark Zuckerberg, Jonathan Stempel Organizations: Melinda Gates Foundation, Susan Thompson Buffett Foundation, Buffett Foundation, Sherwood Foundation, NoVo Foundation, BNSF, Apple Inc, Thomson Locations: Berkshire, Omaha , Nebraska, United States, Nebraska, New York
Many retailers are grappling with a rise in theft at their stores that is cutting into profits. Most losses were attributed to organized retail crime, employee theft and process-control failures. While theft is an industry-wide phenomenon, the shrink headwind appeared to have more of a material impact among discount retailers. Off-price retailer TJX Companies (TJX) also cited shrink as a headwind to gross margins in its latest results . At its stores, TJX has also made efforts to better secure expensive merchandise by putting it behind locked cases and using more innovative tagging.
Persons: , hasn't, Jim Cramer's, Locker, Dana Telsey, TJX, Tom Nikic, Foot Locker, Nikic, Wedbush, Jim, Mary Dillon's, Rich Galanti, We've, Telsey, they're, Jim Cramer, Victor J Organizations: National Retail Federation, UBS, TJX Companies, Costco, Telsey Advisory, CNBC, TAG, Wedbush, Management, TJ Maxx, Blue, Bloomberg, Getty Locations: FL, New York, U.S
Buffett would likely be worth an unmatched $250 billion if he hadn't donated any shares. Tally up the shares he's given away over the past 17 years, and they would be worth an astounding $132 billion today. He gave about 10.5 million of those shares to the Bill & Melinda Gates Foundation, just over 1 million shares to the Susan Thompson Buffett Foundation, and about 732,000 shares to each of the Sherwood Foundation, Howard G. Buffett Foundation, and Novo Foundation. The Susan Thompson Buffett Foundation is named after Buffett's late wife, while Buffett's three children each run one of the other three foundations. Buffett has given away 54% of his Berkshire shares so far, and has pledged that over 99% of his personal wealth will go toward good causes.
Persons: Warren Buffett, Buffett, hadn't, , Tally, Melinda Gates, Susan Thompson Buffett, Howard G, Bill Gates, Buffett's, He's, hasn't, Elon Musk, he's Organizations: Berkshire Hathaway, Service, Berkshire, Melinda Gates Foundation, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, Novo Foundation, Microsoft, SpaceX, Bloomberg Locations: Berkshire
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