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☆ 8 investments to make now as the Federal Reserve risks a recession by going 'way overboard' in raising interest rates, according to 7 top economists and strategists
▼ + stars: | 2023-02-02 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Since March, Rosenberg has warned that by trying to crush inflation, the Fed would inadvertently kill the economy as well. "I think that the odds now are that it's going to be more severe than people think because the Fed has gone way overboard," Rosenberg said of a recession. The contrarian view: With inflation falling, a recession is no guaranteeHowever, not every strategist thinks that a recession is a sure thing. But what I think we can see is the Federal Reserve is overdoing it and eventually, the Fed will have to cut rates." Fittingly, Parker's bets are contingent on his view that the US economy won't suffer from a severe recession.

☆ Tom Brady announces retirement from the NFL, swears it's 'for good' this time
▼ + stars: | 2023-02-01 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

He finishes with numerous NFL records and seven Super Bowl titles with the New England Patriots and the Tampa Bay Buccaneers. Brady returned to the field less than two months after making that announcement to play for the Tampa Bay Buccaneers, marking his 23rd season. Pledging that his retirement is "for good" this time, Brady ends a 23-season career with seven Super Bowl wins under his belt. Brady played for the New England Patriots from 2000 to 2019 and joined the Tampa Bay Buccaneers in 2020. Outside the NFL, Brady has faced other losses mainly pertaining to his investments with the bankrupt cryptocurrency exchange FTX.

☆ Bond investors brace for recession as Fed expected to slow pace of tightening
▼ + stars: | 2023-01-31 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +5 min

The rally comes after Treasuries notched the worst year in their history following the Fed's most aggressive monetary policy tightening since the 1980s. Some equity investors are nevertheless playing it safe, expecting the current rally in stocks to wilt if a recession hits. For now, many investors are wedded to a more dovish view, betting that policymakers will blink if growth starts to slow. "The Fed is closer to the end than the beginning, and rates usually fall across the curve when the Fed is finished raising rates." Of course, some investors are happy to take the central bank at its word and are betting rates stay higher for longer.

Some hedge funds, wealth managers, and asset managers are still hiring. Recruiters told us what roles are in demand and what skills can help you land them. Big-name hedge funds like Citadel, D. E. Shaw, and Millennium Management posted double digits in a year that many other investment managers would rather soon forget. Alternative asset managers, meanwhile, are hiring in the private-wealth-management businesses they've spent recent years building out. … if you're in or interested in wealth managementDespite the market downturn, wealth managers are in high demand.

☆ Risk of U.S. debt ceiling to markets is being underplayed, capital advisor says
▼ + stars: | 2023-01-27 | 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 EmailRisk of U.S. debt ceiling to markets is being underplayed, capital advisor saysSunaina Sinha Haldea, global head of private capital advisory at Raymond James, discusses what political wrangling over the U.S. debt ceiling and risk of default could mean for markets.

Amazon.com Inc (AMZN.O), Salesforce Inc (CRM.N) and ServiceNow Inc (NOW.N), which have large cloud businesses, fell about 1% each. The S&P 500 technology index (.SPLRCT) shed 1.3%. Other major growth stocks, including Apple Inc (AAPL.O), Alphabet Inc (GOOGL.O) and Tesla Inc (TSLA.O), also dropped between 0.4% and 3%. News Corp (NWSA.O) jumped 6.1%, leading gains on the S&P 500, after Rupert Murdoch withdrew a proposal to reunite News Corp and Fox Corp. The S&P index recorded two new 52-week highs and one new low, while the Nasdaq recorded 45 new highs and 25 new lows.

☆ Watch CNBC's full interview with Raymond James' Andrew Marok
▼ + stars: | 2023-01-25 | 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 EmailWatch CNBC's full interview with Raymond James' Andrew MarokAndrew Marok, Raymond James internet and digital media analyst, joins 'Squawk on the Street' to break down his overweight rating on Microsoft following the company's missed Q3 revenue guidance.

Some hedge funds, wealth managers, and asset managers are still hiring. Layoffs across industries have been dominating headlines in January, and Wall Street has been no exception. Big-name hedge funds like Citadel, D. E. Shaw, and Millennium Management posted double digits in a year that many other investment managers would rather soon forget. Alternative asset managers, meanwhile, are hiring in the private-wealth-management businesses they've spent recent years building out. Emily Landon, the CEO of the Chicago-based headhunting firm The Crypto Recruiter, pointed to the job board Crypto Careers, which has over 2,400 openings.

☆ Microsoft set to report earnings after market close
▼ + stars: | 2023-01-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella speaks at the company's Ignite Spotlight event in Seoul on Nov. 15, 2022. Microsoft will report fiscal second-quarter results after the close of regular trading on Tuesday. As of Monday's close, Microsoft shares were down 18% over the past year, slightly underperforming the Nasdaq. The growth engine of Microsoft's Intelligent Cloud unit is the Azure public cloud. Analysts polled by CNBC and FactSet are expecting revenue growth for the Azure and other cloud services category of close to 31%.

☆ In a water-scarce world, the Xylem-Evoqua deal makes sense. Why some think it's too expensive
▼ + stars: | 2023-01-23 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +5 min

Evoqua shareholders will receive 0.480 Xylem shares, or about $52.89, for each one they own. That's a 29% premium to where Evoqua shares closed on Friday. Evoqua shares jumped 14% on the news, but Xylem shareholders are balking at what they see as a pricey deal. XYL 1Y mountain Xylem shares sell off in the wake of Evoqua deal That's one of problems Raymond James analyst Pavel Molchanov raised. Trading in Evoqua shares doesn't appear to indicate expectations of a competing bid surfacing, and some analysts have said they didn't expect one,.

☆ A booming market for gear to help seniors grow older at home is creating an opportunity for investors
▼ + stars: | 2023-01-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +13 min

Alphabet, Amazon and Best Buy are among the fund's plays on the aging in place theme. Best Buy breaks into the space It's Best Buy that has really been doubling down on its efforts to break into the space. Best Buy sees the role of technology within health care becoming much more important. Medicare Advantage's health care at home coverage includes primary care, transitional care when someone is released from a hospital and often hospice care, she said. That should lead to higher earnings power, said Baker, who has a buy rating and $237 price target on Lowe's stock.

The report said investigators interviewed 97 court employees but was silent on whether the nine justices who sat on the court at the time of the leak were interviewed, prompting calls from Democratic lawmakers and others for clarity. "During the course of the investigation, I spoke with each of the justices, several on multiple occasions," Curley said in the statement, released by the court. "I followed up on all credible leads, none of which implicated the justices or their spouses," Curley added. Curley said on that basis she decided it was not necessary to ask the justices to sign sworn affidavits affirming they did not leak the draft, something court employees were required to do. Gabe Roth, executive director of the court reform group Fix the Court, said the fact that the report initially omitted the fact that the justices were interviewed "smells fishy."

[1/2] U.S. Supreme Court police officers stand on the front steps of the Supreme Court building prior to the official investiture ceremony for the court's newest Associate Justice Ketanji Brown Jackson and the start of the court's 2022-2023 term in Washington, U.S. September 30, 2022. The report said the Supreme Court's information security environment was "built fundamentally on trust with limited safeguards to regulate and constrain access to very sensitive information." But it called the court's information security policies "outdated" and recommended that it overhaul its platform for handling case-related documents and remedy "inadequate safeguards" for tracking who prints and copies documents. The Supreme Court's IT systems operate separately from the rest of the federal judiciary. U.S. judiciary officials have said the systems used by federal appellate and district courts also are outdated and need modernization.

☆ The case for investing in China's reopening is strong. Here's how to proceed with caution
▼ + stars: | 2023-01-19 | by ( Patti Domm | In | ) www.cnbc.com time to read: +11 min

Strategists see China's markets easily scoring double-digit gains this year. The case for investing outside the U.S. is strong, particularly with the dollar coming off its highs and looking at further downside. "While China's reopening is undoubtedly a turning point, there remain reasons to be cautious," wrote Barclays equity strategists. But still the prospects for China's economy are much brighter than they were just several months ago. The Covid lockdown has been so damaging to the Chinese economy, they want to get back to a growth path in 2023."

☆ China's recovery may mean the Fed will have to hike rates longer
▼ + stars: | 2023-01-19 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

SHANGHAI, CHINA - Tourists pose for a photo at the Shanghai Disney Resort as the resort kicked off a month of festivities from January 13 to February 10 to celebrate the upcoming Chinese New Year. As the end of China's stringent Covid restrictions quickens the country's economic recovery, concerns about pent-up Chinese demand — and the inflation that may follow — could mean bad news for the U.S. Federal Reserve. "In our view ... a stronger China increases the chances of a stubbornly hawkish Fed," Tavis McCourt, institutional equity strategist at Raymond James, said in his 2023 Outlook. With activity expected to pick up from China, demand for a variety of commodities will drive , McCourt said. "Demand is going to come back really quickly."

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Amazon, Alphabet, Chipotle, Microsoft & more
▼ + stars: | 2023-01-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Morgan Stanley downgrades Chipotle to equal weight from overweight Morgan Stanley said it's concerned about "traffic headwinds." Morgan Stanley upgrades Domino's to overweight from equal weight Morgan Stanley said Domino's is best positioned to handle a downturn. Morgan Stanley upgrades Church & Dwight to overweight from equal weight Morgan Stanley said it sees "fundamental inflection ahead." Morgan Stanley downgrades AutoNation to underweight from equal weight Morgan Stanley said it sees too many headwinds for shares of AutoNation right now. Morgan Stanley upgrades Kroger to equal weight from underweight Morgan Stanley said it sees more people eating at home.

☆ Carvana adopts 'poison pill', sells $4 billion of auto loans
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +1 min

Companies Carvana Co FollowJan 17 (Reuters) - Carvana Co (CVNA.N) has adopted a "poison pill" to limit shareholders from raising their stakes and has reached an agreement to sell up to $4 billion of auto loans, the struggling used car retailer said on Tuesday. Carvana said the "poison pill" will help safeguard its "significant" U.S. federal net operating loss (NOLs) that could be available to offset its future taxable income. The company's ability to use the NOLs would be substantially limited if its 5%-shareholders increased their ownership, Carvana said. Companies with large NOLs often adopt poison pills to enable them to cut their tax bill. Poison pills are also adopted to ward off hostile takeovers.

☆ Breaking down JPMorgan Chase and Wells Fargo earnings
▼ + stars: | 2023-01-13 | 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 EmailBreaking down JPMorgan Chase and Wells Fargo earningsKen Leon of CFRA and David Long of Raymond James discuss their respective calls on banks, specifically JPMorgan and Wells Fargo.

☆ UK economy ekes out growth in November surprise — but recession still seen as inevitable
▼ + stars: | 2023-01-13 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

A Reuters poll of economists had forecast a 0.2% contraction amid a bleak overall picture for the British economy. watch nowThe boost in services seemingly offset some of the negative impact of mass strike action across the U.K., particularly in the rail and postal sectors. "What's more, the effects of the Bank's monetary tightening are still to feed through the economy fully. Together with the corporation tax increase to 25% and the expiration of the tax reduction on new investments, the economy only stands to contract further." The Bank of England has projected that the U.K. economy will experience at least a four-quarter recession, its longest on record.

☆ Here are analysts' favorite tech stocks for 2023
▼ + stars: | 2023-01-11 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

The tech sector was hit hard last year as worries about economic weakness and the Federal Reserve's aggressive rate hike path to tame inflation weighed on companies. In particular, rising interest rates hurt the present value of the future stream of earnings for tech stocks. The Technology Select Sector SPDR Fund (XLK), a fund that corresponds with the tech sector of the S & P 500, dropped 28% in 2022. Still, there are some bright spots in the sector where Wall Street analysts see growth ahead. The stock gained nearly 45% in 2022 and could rise another 43% this year, according to the consensus price target from Wall Street analysts.

☆ Amazon’s Buy with Prime is a positive step, but the stock is still expensive
▼ + stars: | 2023-01-10 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

However, the Club holding's stock is still expensive, a high multiple compared to the broader stock market. The service allows Amazon Prime members the ability to shop directly on other retailers' websites , in turn helping those outlets to tap into Prime's roughly 200 million members. The company said it expects Buy with Prime to increase shopper conversion from browsing to buying by around 25%. Buy with Prime "allows merchants to build customer relationships and brand loyalty while offering conversion-driving benefits," Amazon said in a statement. While this is a move in the right direction, it's not enough to make Amazon stock look cheaper.

☆ Here are Monday's biggest analyst calls: Apple, Tesla, Amazon, Netflix, Alibaba, Meta, Uber & more
▼ + stars: | 2023-01-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: Bernstein reiterates Apple as market perform Bernstein said it's concerned about disappointing iPhone revenues for Apple. Guggenheim upgrades AutoZone to buy from neutral Guggenheim said it sees "operational improvement" for the auto parts retailer. KeyBanc upgrades Visa and Mastercard to overweight from sector weight KeyBanc upgraded several credit card stocks on Monday and said it sees "growth durability." "Bank stocks face another year of uncertainty with revenue forecasts challenged, provisions for credit on the rise, and capital return mostly sidelined ahead of a recession." Bank of America names Ferrari a top 2023 pick Bank of America said the luxury car company has pricing power.

☆ Nearly half of Bed Bath and Beyond's products are out of stock as the retailer nears bankruptcy
▼ + stars: | 2023-01-06 | by ( Ben Tobin | ) www.businessinsider.com time to read: +4 min

Bed Bath & Beyond had 53% of inventory available for customers in December 2022, per DataWave. For context, in January 2022, the company's inventory availability rate was 77%. That's much lower than the company's competitors like Kohl's and Lowe's, whose December 2022 inventory availability rates were 61% and 72%, respectively. "During the quarter, inventory levels were negatively impacted by reduced credit limits for Bed Bath," Raymond James analyst Bobby Griffin wrote in a note Thursday. Categories worse off for Bed Bath and Beyond in December 2022 were kitchen and lighting, which both had a mere 39% inventory availability rate.

☆ Mills: If a small group can hold the House Speakership hostage, they could potentially do the same with issues such as the debt limit
▼ + stars: | 2023-01-06 | 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 EmailMills: If a small group can hold the House Speakership hostage, they could potentially do the same with issues such as the debt limitEd Mills of Raymond James says for now, the fight over electing the House Speaker is just more DC drama and doesn't have much market impact, but if it drags out more, the dysfunction could have a significant impact.

☆ The private-equity firm behind Italian soccer champs AC Milan is quietly building a financial services powerhouse
▼ + stars: | 2023-01-05 | by ( Hayley Cuccinello | Dakin Campbell | ) www.businessinsider.com time to read: +4 min

RedBird Capital is best known as the private-equity owner of soccer club AC Milan. But the sports dealmaker is quietly building a financial services arm to rival its flashier bets. RedBird Capital is one of the buzziest names in dealmaking when it comes to sports and Hollywood. In August, the New York City-based private equity firm bought soccer club AC Milan for $1.2 billion. The firm's philosophies for financial services and sports are one and the same: taking advantage of fragmented environments with firms that have long-term recurring cash flow.

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