DIRS.INFO The most relevant business & tech news

☆ Meta and Disney begin cutting jobs. Here's a rundown of all Club names planning major layoffs
▼ + stars: | 2023-04-20 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

The list includes Meta Platforms (META) and Walt Disney (DIS). META YTD mountain Meta's stock performance year to date. The March layoff plan was in addition to the 11,000 job cuts disclosed in November. As part of this effort, Disney announced in February it was planning roughly 7,000 total job cuts in a series of three rounds. Amazon (AMZN) CEO Andy Jassy announced 18,000 job cuts in early January impacting retail and recruiting operations .

☆ Here are Thursday's biggest analyst calls: Tesla, Amazon, GE, Home Depot, Elanco, SeaWorld & more
▼ + stars: | 2023-04-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs reiterates Tesla as buy Goldman says Tesla's earnings report on Wednesday was a "negative" but that it's standing by the stock. Bank of America reiterates Amazon as buy Bank of America says it's standing by Amazon heading into earnings next week. Bank of America upgrades WestRock to buy from neutral Bank of America said in its upgrade of the packaging solutions company that it sees "transformation benefits." Bank of America downgrades NetApp to underperform from neutral Bank of America said in its downgrade of the hybrid cloud data services company that it sees weaker demand. Morgan Stanley initiates SeaWorld as overweight Morgan Stanley said in its initiation of SeaWorld that it sees an attractive risk/reward.

☆ 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.

☆ Retail investors are sitting on big losses in their stock portfolios even as the market rallies in 2023
▼ + stars: | 2023-04-14 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

Retail investors have pared back their stock purchases as they remain hesitant to dive back into the market after a difficult 2022, when the Nasdaq Composite and the S&P 500 fell 31% and 19.4%, respectively. But individual investors appear to be missing out on these gains for the most part, according to Vanda. Average retail investor allocations are very concentrated and largely titled towards tech stocks. A strong earnings season, however, could could boost risk appetite for the retail investor cohort. "Better figures or convincing forward guidance from bank or tech stocks will likely lead to a boost in retail purchases."

Morgan Stanley thinks it's time to get back on board the MongoDB train, saying it sees a "pivot to profitability" for the company. Analyst Sanjit K Singh upgraded the cloud database stock to overweight from equal-weight. He also increased his price target to $270 per share from $230 per share, implying upside of 27.6% from Tuesday's closing price. Morgan Stanley now believes that many of its prior concerns have been addressed by the company and is now "getting back on board a secular beneficiary." Singh thinks that much of MongoDB's headwinds from cloud digestion should be behind it by the end of the current fiscal year.

☆ Bank pullback on lending will be a headwind for businesses, says Bain's Jack Connaughton
▼ + stars: | 2023-04-12 | 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 EmailBank pullback on lending will be a headwind for businesses, says Bain's Jack ConnaughtonJack Connaughton, Bain Capital co-managing partner, joins 'Closing Bell: Overtime' to discuss private equity and the banking sector.

☆ Tax refunds are getting smaller, and fit into the picture of a slowing economy
▼ + stars: | 2023-04-12 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +8 min

But as pandemic-related tailwinds run their course, another example becoming a thing of the recent past is bigger than typical tax refunds. "Earlier in the quarter, we were seeing taxes, your tax refunds higher year-over-year, during the last probably five or six weeks we've seen that decline. As pandemic-era benefits and tax credit wane, the tax refund data factors into the broader economic picture and the consumer as a source of strength. watch nowAll spending, not just retail spending, will be impacted by lower tax refunds, and that will continue into next quarter. The smaller tax refunds should not be a surprise to businesses — the data has been mounting over the past four to six weeks.

☆ Yellen says vigilant to downside economic risks, but don't 'overdo the negativism'
▼ + stars: | 2023-04-11 | by ( Andrea Shalal | ) www.reuters.com time to read: +4 min

REUTERS/Elizabeth FrantzWASHINGTON, April 11 (Reuters) - U.S. Treasury Secretary Janet Yellen on Tuesday said she remained vigilant to downside risks facing the global economy, given Russia's ongoing war against Ukraine and banking pressures, but the overall outlook was "reasonably bright." Yellen, speaking at a news conference, pushed back against warnings by the International Monetary Fund of bigger risks associated with severe financial tensions. "I wouldn't overdo the negativism about the global economy," Yellen said, when asked about a slightly trimmed IMF global growth forecast for 2023 which warned that a flare-up of financial system turmoil could slash output to near recessionary levels. She said the U.S. banking system remained sound, with strong capital and liquidity positions, and the global financial system is resilient due to the significant reforms enacted after the 2008 financial crisis. Yellen told reporters the global economy was in a better place than projected last fall, with energy and food prices having stabilized and supply chain pressures continuing to ease.

☆ Yellen says vigilant to downside risks given war in Ukraine, banking pressures
▼ + stars: | 2023-04-11 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

WASHINGTON, April 11 (Reuters) - U.S. Treasury Secretary Janet Yellen said she remained vigilant to downside risks facing the global economy, given the negative economic consequences of Russia's war against Ukraine and recent pressures on banking systems in the United States and elsewhere. A price cap on Russian oil was helping to stabilize global energy markets while reducing Russia’s primary source of revenue, she added. The U.S. banking system remains sound, with strong capital and liquidity positions, and the global financial system is resilient due to the significant reforms enacted after the 2008 financial crisis, she said. DEBT OVERHANGYellen said high debt burdens posed a "significant economic headwind for too many countries," with more than half of all low-income countries near or in debt distress, and called for steps to improve the international debt restructuring process. Yellen also called for completion of a debt treatment for Zambia and the rapid establishment of a creditor committee for Ghana.

☆ UBS downgrades this regional bank, says 'structural uncertainties' will pressure the stock
▼ + stars: | 2023-04-10 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

UBS thinks the recent banking crisis has left U.S. Bancorp with limited upside. UBS noted that "structural uncertainties" remain for the company which are more of a headwind as opposed to the macro issues stemming from the regional banking crisis. USB RF YTD mountain UBS downgraded U.S. Bankcorp on Monday, citing "structural uncertainties" afflicting the company after a broader banking liquidity crisis last month. (Before the liquidity crisis.) Shares of U.S Bancorp have pulled back 18% year to date, stemming largely from a broader liquidity crisis spurred from the collapse of Silicon Valley Bank and Signature Bank last month .

☆ Costco's weaker sales offer a buying opportunity for investors
▼ + stars: | 2023-04-10 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

The decline in sales, which may also have been impacted by unfavorable seasonal weather in California, sent shares tumbling the next day by nearly 3%. Separately, analysts at TD Cowen see the decline in Costco's stock as "an opportunity to buy." More broadly, we're encouraged to see analyst optimism around Costco, despite last month's decline in sales. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Market veteran says we may be 'a long way from a new bull market' and shares what to buy and avoid
▼ + stars: | 2023-04-06 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

That puts the index in a technical bull market — widely defined as a gain of at least 20% from a 52-week low. That outperformance is getting investors excited and is prompting talk that a new bull market is in the cards. But market veteran David Dietze said he believes the stock market is getting ahead of itself. "Others have trouble calling a market movement a new bull market until the market at least attains its prior all-time high point. How he's positioning For starters, he said, investors should remain invested in the stock market, despite the appeal of higher-yielding money market funds and short-dated Treasurys.

☆ These 10 fairly priced stocks are well off recent highs. Here's where we stand on them
▼ + stars: | 2023-04-05 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

52-week high date: April 5, 2022 Percent below 52-week high: 68.4% Forward P/E: 2.1 We continue to view troubled Bausch Health as a wait-and-see situation. CTRA 1Y mountain Coterra's stock performance over the past 12 months. 52-week high date: May 31, 2022 Percent below 52-week high: 26.94% Forward P/E: 9.5 Our view on Pioneer Natural Resources (PXD) is similar to Coterra. 52-week high date: June 8, 2022 Percent below 52-week high: 24.46% Forward P/E: 10.4 Like our two other energy stocks, we want to see another pullback in Halliburton shares before we'd add to our position. 52-week high date: Jan. 27, 2023 Percent below 52-week high: 18.26% Forward P/E: 13.4 Caterpillar is a beaten-down stock worth buying.

☆ High regional bank exposure looks like headwind for small caps, says BoA's Jill Carey Hall
▼ + stars: | 2023-04-05 | 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 EmailHigh regional bank exposure looks like headwind for small caps, says BoA's Jill Carey HallJill Carey Hall, Bank of America, joins 'Closing Bell' to discuss her caution for small caps.

☆ Wall Street sees big growth prospects for Amazon. But first it needs to get its house in order
▼ + stars: | 2023-04-05 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Wall Street this week suggested ecommerce giant Amazon (AMZN) still has significant room for growth across its cloud and advertising businesses. The firm defined retail media as "advertising that leverages retailers' proprietary customer data to target ad campaigns." Advertisers spent $80 billion on retail media in 2022, according to Morgan Stanley. The company "has already developed a leading onsite retail media offering through ad formats like sponsored products," they wrote. Morgan Stanley estimated Amazon will generate roughly $45 billion in ad services revenue this year, up from around $37.7 billion in 2022.

☆ Australia pauses rate hikes to assess tightening impact, Q1 inflation in focus
▼ + stars: | 2023-04-04 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

Wrapping up its April policy meeting, the Reserve Bank of Australia (RBA) did warn that "some further tightening of monetary policy may well be needed" to ensure that inflation returns to target. Markets had been wagering on a pause, while analysts were split on whether the bank would hike again given the still high level of inflation. Three-year bond futures were up 9 ticks to 97.14, with futures now also leaning towards a pause in May, implying hikes are essentially over. "The Board recognises that monetary policy operates with a lag and that the full effect of this substantial increase in interest rates is yet to be felt." Bill Evans, chief economist at Westpac, said there isn't sufficient evidence for the bank to change its terminal rate forecast of 3.85%, after Tuesday's pause.

☆ Morning Bid: Oil spike a black mark for inflation, consumer demand
▼ + stars: | 2023-04-03 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

Oil prices have stolen the show in Asia on Monday, and not in a good way if you care about global inflation and consumer spending power. Yet, higher petrol prices are also a tax on consumers and have a close correlation to consumer sentiment, especially in the United States. It's also unlikely to be taken well by the White House given the political pain of higher gas prices. Concerns about consumer demand were not helped by the Caixin/S&P survey of Chinese manufacturing in March that badly missed forecasts at 50.0, largely due to a weakness in export orders. Auto sales for March will offer an early read on consumer demand- Federal Reserve Board Governor Lisa Cook speaks on the U.S. economic outlook and monetary policyEditing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Bitcoin outlook: Crypto may be in a bull market now, but investors should still tread carefully
▼ + stars: | 2023-04-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +8 min

The case for a new crypto bull market has been slowly growing since the beginning of the year and gained more strength still in March. For Orsini, the new bull market in crypto began on Jan. 13, when bitcoin broke through its 200-day moving average. "But an enduring secular bull market will have clarity and regulation underpinning it." "When that framework gets introduced you're going to be closer to the beginning of a secular bull market." Less liquidity, bigger swings Bull market or not, investors agree it'll be no straight line up over the next few months.

☆ Asian shares ride high in Q1 but steel for U.S. inflation data
▼ + stars: | 2023-03-31 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

Japan's Nikkei (.N225) also gained 1%，as inflation data for the capital city Tokyo highlighted broadening price pressures. A slower than expected decline in German inflation has raised the stakes for U.S. personal consumption expenditures (PCE) inflation, tracked by the Federal Reserve for monetary policy, later in the day. Economists are expecting the PCE index to ease to 0.4% in February from January when it rose 0.6%. "With central banks still mindful of inflation risks, interest rates will stay at their peaks for several months. That compared with an overwhelming bet on a 25 basis point hike a month ago before the banking volatility started.

☆ Loop Capital downgrades this Chinese e-commerce stock, citing rising competition
▼ + stars: | 2023-03-31 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Investors should step to the sidelines on JD.com which is facing growing competition from Tencent, according to Loop Capital. Analyst Rob Sanderson downgraded JD.com shares to hold from buy, citing rising competition that he expects will weigh on the stock. However, he expects that "Tencent's ecommerce ambitions will likely be an overhang, at best" as the multimedia conglomerate charges commissions for merchandise sales on its livestreaming platform. This is however a change from Tencent's traditional position as a traffic funnel into other ecommerce platforms, typically investees like JD," Sanderson wrote. "While we see potential for long-term upside, the demand for Chinese equities remains low and we think other vehicles will appear more attractive to global investors over the near-term," Sanderson wrote.

☆ After a more than $1 trillion rout, Beijing appears to be warming to Chinese tech giants
▼ + stars: | 2023-03-30 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

In this article BABA Follow your favorite stocks CREATE FREE ACCOUNTwatch nowBeijing's regulatory crackdown on the Chinese tech sector began in late 2020, wiping off more than a combined $1 trillion from the country's biggest companies. There are now signs that the central government is softening its stance towards internet titans like Alibaba , in a move that could prove positive for Chinese tech stocks. Jean Chung | Bloomberg | Getty ImagesIn addition to warming to the domestic tech sector, China is also courting foreign business. To achieve that, it will need the help of private businesses — including the tech sector. Is China tech out of the woods yet?

☆ Home prices cool in January, even falling in some cities, S&P Case-Shiller says
▼ + stars: | 2023-03-28 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Home prices cooled in January, up only 3.8% nationally than they were a year earlier, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. That was likely due to a brief drop in mortgage rates and a resulting jump in sales. Home prices have been cooling due to higher mortgage rates. Miami prices were up 13.8%, Tampa prices up 10.5%, and Atlanta prices rose 8.4%. All 20 cities, however, reported lower prices in the year ending January 2023 versus the year ending December 2022.

☆ US home prices fell in January for the seventh-straight month
▼ + stars: | 2023-03-28 | by ( Anna Bahney | ) edition.cnn.com time to read: +4 min

Washington, DC CNN —US home prices fell for the seventh month in a row in January, even as mortgage rates eased, according to the latest S&P CoreLogic Case-Shiller US National Home Price Index, released Tuesday. Miami had a year-over-year price increase of 13.8%, followed by Tampa with a 10.5% increase and Atlanta with an 8.4% increase. That battle has caused mortgage rates to spike over the past year, resulting in many home buyers being priced out of purchasing a home. Mortgage rates are expected to be volatile for as long as the Fed has to work to pull back runaway inflation. “Just how much prices will rise from winter lows will depend on whether mortgage rates stabilize and creep downward or stay high and volatile.”

LONDON, March 22 (Reuters) - Portfolio investors dumped petroleum futures and options at one of the fastest rates on record in the early stages of the banking crisis, as traders anticipated an increased probability of a recession hitting oil consumption. Hedge funds and other money managers sold the equivalent of 139 million barrels in the six most important futures and options contracts over the seven days ending March 14. Fund managers have sold a total of 148 million barrels since the end of January, taking their combined position to 432 million barrels (20th percentile for all weeks since 2013). In the most recent week, there were heavy sales of Brent (-65 million barrels), NYMEX and ICE WTI (-59 million), U.S. gasoline (-12 million) and European gas oil (-7 million), with only minor buying of U.S. diesel (+4 million). Related column:- U.S. bank failure places oil prices under pressure (March 13, 2023)John Kemp is a Reuters market analyst.

☆ Here's the 4-step strategy for investing and profiting during the banking crisis, according to Goldman Sachs
▼ + stars: | 2023-03-21 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

David Kostin of Goldman Sachs explains how to trade this moment and get ready for what's next. "We believe the sector has upside potential if economic growth remains healthy." "Falling bond yields have provided a boost to long-duration growth and other rate-sensitive stocks," Kostin said. But he sees a lose-lose scenario for growth stocks, especially those that aren't profitable. "If economic growth proves resilient, it will likely lead to higher yields, posing a headwind to long duration cash flows of unprofitable growth stocks," he said.

Search resuls for: "Headwind"

25 mentions found