DIRS.INFO The most relevant business & tech news

☆ Investor Jenny Harrington is finding consumer stocks to buy that are way too cheap even if there's a recession
▼ + stars: | 2022-12-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

In this environment, investors need to be very granular in their approach to the stock market, according to investor Jenny Harrington. "Everything in this market right now is moving asynchronously," Harrington said in an interview during the CNBC Financial Advisor Summit on Tuesday. While she is a dividend investor, she is also looking for value in this current market. "The share price has, I think, already discounted an incredibly weak consumer, trading at 10 times earnings," Harrington said. So those will actually become tail winds in next year earnings versus 2022 earnings."

☆ Jim Cramer's Investing Club meeting Tuesday: Bank pick, consumer play, Alphabet
▼ + stars: | 2022-12-06 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. (Jim Cramer's Charitable Trust is long GOOGL, PG, WFC. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Here's where we stand after this week's big back-to-back market declines
▼ + stars: | 2022-12-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

We plan to update the Investing Club with some new additions in the coming days. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. The Dow Jones opened low this morning continuing its downward trend dipping more than 400 points as the stock market closed on Monday.

☆ December tends to be a strong month for the market. Here's how our stocks have done recently
▼ + stars: | 2022-12-05 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

So thought we'd look at what the Santa Claus rally phenomenon is all about and which Club stocks have had the best and worth December track records in recent years. It's a seven-day stretch over which the S & P 500 has historically tended to climb. The entire month of December has actually proven to be a historically strong period for the stock market. Investors would surely welcome a strong December after a terrible 11 months for the stock market. The S & P 500 tanked more than 9% that December, which at the time was its worth monthly performance in nearly a decade.

☆ An uphill battle could await activist Trian as the firm snaps up a stake in Disney
▼ + stars: | 2022-12-03 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Trian calls itself a "constructivist," implying a more friendly activist investor. Trian, like most activist investors, intends to be friendly and always starts off that way, and then it is up to the company to respond. The firm is an activist investor, plain and simple. On Nov. 21, The Wall Street Journal reported that Trian Fund Management took an approximately $800 million stake in Disney. In this situation, Trian seems to be looking for a board seat and is urging Disney to make operational improvements and reduce costs.

☆ Environmentalists ask SEC to examine P&G's wood pulp supply chain claims
▼ + stars: | 2022-11-30 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com time to read: +2 min

The advocacy group wrote that P&G's claims could be materially misleading to investors because the company sources from pristine forests and from areas that are habitats for caribou. P&G annually purchases more than one million metric tons of wood pulp, which comes from trees, to makes Charmin toilet paper, Bounty paper towels and Puffs tissues. NRDC wants the SEC, the main U.S. markets regulator, to consider appropriate enforcement action or require P&G to update its statements to investors. The environmental group also said that P&G's claims are concerning because some investors take into consideration how the company ranks compared to its peers on its environment-related actions. NRDC also said that P&G is overly reliant on third-party certifications for the sustainability of its wood pulp supply chain.

☆ Jim Cramer's Investing Club meeting Wednesday: Fed speech, stock picks, Alphabet's costs
▼ + stars: | 2022-11-30 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Fed Chair Powell to speak Defensive growth stocks Alphabet's high costs 1. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Recent weakness in the strong dollar is a welcome development for multinational Club stocks
▼ + stars: | 2022-11-29 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

The dollar has run into a brick wall in November, a potentially hopeful sign for multinational Club stocks that have seen their earnings dented because of the U.S. currency's strength this year. The U.S. dollar index (DXY) has declined more than 5% to around the 107 level since settling at nearly 113 on Nov. 3. However, the dollar index, which measures against six other currencies including the Japanese yen and the euro, is still up more than 10% compared with this time in 2021. Even though currency considerations don't factor into our long-term investment theses , the strong dollar has been a thorn in the side of many Club stocks in 2022. But it's important to understand near-term dynamics because we've seen how the strong U.S. dollar has pinched profits at Club stocks like P & G, Apple (AAPL), Salesforce (CRM) and more.

☆ These defensive stocks are looking more attractive in this topsy-turvy market
▼ + stars: | 2022-11-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

We are talking about stocks that offer defensive growth and do even better if the economy slows down. (DHR) Even Linde (LIN) has some defensive growth attributes, but the stock just had a huge move and we are looking for a little more of a pullback. Our preference is still with stocks that offer defensive growth. We understand buying defensive growth today means you aren't catching the bottom, but bottom fishing is often called an expensive hobby for a reason. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ How we're thinking about our Club stock exposure to China following Covid protests
▼ + stars: | 2022-11-28 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Global stocks slumped Monday on growing concerns about intensifying protests across China over the communist government's strict Covid policies. Apple (AAPL) — Revenue from China : 17.7% (China is the iPhone maker's second-largest market, lagging just the U.S. at 37.5% of sales.) Disney (DIS) — Revenue from China: 4.8% Devon Energy (DVN) — Revenue from China: 0% Estee Lauder (EL) — Revenue from China: 29.7% (China is the cosmetic giant's largest sales market, followed by the U.S. at 19.8%, per FactSet.) Ford Motor (F) — Revenue from China: 4.6% Alphabet (GOOGL) — Revenue from China: 3.8% Halliburton (HAL) — Revenue from China: 1.6% Honeywell International (HON) — Revenue from China: 4.2% Humana (HUM) — Revenue from China: 0% Johnson & Johnson (JNJ) — Revenue from China: 3.1% Eli Lilly (LLY) — Revenue from China: 5.7% Linde (LIN) — Revenue from China: 8.1% Meta Platforms (META): Revenue from China: 2.6% Morgan Stanley (MS) — Revenue from China: 2.6% Microsoft (MSFT) — Revenue from China: 12.4% Nvidia (NVDA) — Revenue from China: 25.8% — keep in mind: Nvidia's revenue is not attributed to the country in which the consumer buys a product that contains one of the company's semiconductors. Procter & Gamble (PG) — Revenue from China: 13.7% (China is P & G's second-largest sales market, with the U.S. accounting for 45.5% of revenue).

☆ Tampax forced to apologize for 'creepy' tweet after being accused of sexualizing women
▼ + stars: | 2022-11-27 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +2 min

The US arm of the tampon company tweeted their spin on a well-used meme, saying: "You're in their DMs. People immediately expressed outrage with the tweet, saying it "sexualized" women's healthcare and was "demeaning" towards women. Others said the tweet was "creepy," considering minors often use Tampax products during menstruation, Sky News reported. In response to the backlash, the company, owned by Procter & Gamble, tweeted an apology saying they "messed up." "Women and girls want sanitary products they can trust, not wink, wink sexualization of a basic biological function.

☆ The Disney CFO Who Raised Concerns About Bob Chapek Has Respect on the Street
▼ + stars: | 2022-11-25 | by ( Nina Trentmann | Mark Maurer | ) www.wsj.com time to read: +6 min

Christine McCarthy, Walt Disney Co. ’s longtime finance chief, took an unusual step when she expressed a lack of confidence in the chief executive to directors of the entertainment giant. But Ms. McCarthy had raised concerns to Disney directors, The Wall Street Journal reported earlier this week. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. Following the leadership shake-up, Disney faces a challenge to regain trust from the street and Ms. McCarthy needs to realign with her old and new chief executive Mr. Iger, analysts said. Age 67, Ms. McCarthy is likely to stay on while Mr. Iger reviews Disney’s strategy and searches for another successor to himself, analysts said.

☆ Corporate America is bracing for a rise in activist investing. Meet the 13 lawyers on speed-dial when companies and investors fight for boardroom control.
▼ + stars: | 2022-11-23 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +11 min

Law firms including Olshan Frome Wolosky LLP and Schulte Roth & Zabel are go-tos for activist investors looking to change how companies do business. Kai Liekefett, who co-chairs Sidley's shareholder activism practice, last year successfully defended cloud company Box Inc. in a proxy fight by Starboard. Liekefett has also defended clients against major activist investors including Carl Icahn and Trian Partners. He has advised clients against major activist investors including Trian, Carl Icahn, Starboard Value and the billionaire Paul Singer. Lawrence Elbaum and Patrick Gadson, Vinson & ElkinsPatrick Gadson (L) and Lawrence Elbaum (R), co-heads of Vinson & Elkins' shareholder activism group.

Others, like Target (TGT.N) and Barnes & Noble, sealed merchandise behind plexiglass or tethered it with steel cables to store shelves. One survey by the National Retail Federation (NRF) cited a 26.5% jump last year in "organized retail crime" carried out by groups of people. But it is unclear whether overall U.S. retail crime is on the rise, with little data available on the problem. Retailers rarely openly acknowledge the threat of theft or crime because they generally don't want to spook shoppers. "Along with other retailers, we've seen a significant increase in theft and organized retail crime across our business," Target CEO Brian Cornell told investors on a November 16 conference call.

☆ 'Boomerang CEOs' don't always work out; Disney hopes this one bucks trend
▼ + stars: | 2022-11-22 | by ( David Randall | ) www.reuters.com time to read: +5 min

NEW YORK, Nov 22 (Reuters) - Can Walt Disney Co (DIS.N) bank on another hit sequel? That appears to be the hope behind the company's surprise decision to bring back former chief executive Bob Iger to replace Bob Chapek. During his first tenure from 2005 to 2020, Disney's annualised shareholder returns were more than 14%, well above its rival Comcast Corp (CMCSA.O) and the broader stock market, and in total in that period the stock rose more than 400%. Yet there are reasons to think that Disney may have made the right decision in bringing back Iger, Bingham said. “I think this is a game-changer," said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors, about Disney.

☆ Here are Tuesday's biggest analyst calls: Apple, Amazon, Costco, Alphabet, Nvidia, Coinbase & more
▼ + stars: | 2022-11-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Cowen downgrades Peloton to market perform from outperform Cowen said there's too much uncertainty around the stock. "We downgrade PTON to Market Perform on challenging post-pandemic trajectory and demand uncertainty amid turnaround effort." Cowen downgrades Lyft to market perform from outperform Cowen said it sees macro and insurance cost headwinds. Cowen downgrades Wayfair to market perform from outperform Cowen downgraded the stock due to macro headwinds. Morgan Stanley reiterates Alphabet as overweight Morgan Stanley said its survey checks show that "GOOGL's position at top of e-com funnel remains strong."

Wall Street analysts put four Club holdings — Apple (AAPL), Amazon (AMZN), Procter & Gamble (PG) and Honeywell (HON) — under the microscope Tuesday. Club take: We continue to see Amazon's cloud business as the industry leader that repeatedly outperforms peers. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . Analysts have been debating the demand for Apple's iPhone 14 models amid a backdrop of rampant inflation, rising interest rates and fears of a global recession.

☆ Wolfe Research says buy Procter & Gamble, a defensive name as investors 'flee to safety'
▼ + stars: | 2022-11-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Investors should consider putting their money in Procter & Gamble amid the ongoing search for safety in this difficult macro climate, according to Wolfe Research. Analyst Greg Badishkanian initiated coverage of the consumer staple stock with an outperform rating and a $156 price target. "P & G's brand portfolio has delivered strong demand elasticities to date as they innovate and reinvest in the brands," he said. "We view their geographic exposure and balance sheet as defensive, which should support fund flows as investors flee to safety." Wolfe Research's price target implies an 8% upside from Monday's close.

☆ What Cramer is watching Tuesday — Nasdaq tough year, seasonal oil strength, P&G looking good
▼ + stars: | 2022-11-22 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Citi lowers DVN price target by $2 pe share to $78; keeps buy rating. Piper Sandler cuts Club holding Amazon (AMZN) price target to $119 per share from $125. Honeywell (HON), also a Club stock, is an underappreciated tech franchise, JPMorgan says. Zoom Video (ZM) catches multiple price target cuts on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ 3 takeaways from our daily meeting: Oil buy, P&G tailwinds, sticking by TJX
▼ + stars: | 2022-11-18 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

Opportunity to buy oil PG is a 'coiled spring' Sticking by TJX 1. Opportunity to buy oil West Texas Intermediate (WTI) crude — the U.S. oil benchmark — tumbled 3.64% Friday, to $78.77 a barrel, opening a window for investors to pick up oil stocks. The Club's oil stocks followed WTI lower in Friday trading, with Coterra Energy (CTRA) down nearly 1%, at $26.56 a share. Sticking by TJX This week saw many big U.S. retailers report earnings — and none made out as well as TJX Companies (TJX). THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Here's our November rapid-fire update on the stocks in Cramer's Charitable Trust portfolio
▼ + stars: | 2022-11-17 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

We think the stock has been hurt by a recent update to the company's reserve quantity. While we're big fans of the company's recent corporate governance cleanup , and we expect some near-term selling pressure associated with those efforts. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) 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.

☆ What the Club is watching Tuesday — more cooler inflation, Dow stock earnings, price target hikes
▼ + stars: | 2022-11-15 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Truist raises price target on Eli Lilly (LLY) to $421 per share from $400. Club holding Procter & Gamble (PG) price target cut to $130 per share from $140 at Credit Suisse. Mizuho cuts price target on Club holding Salesforce (CRM) to $225 per share from $235. Amazon initiated with an outperform (buy) rating at MoffettNathanson, with a price target of $118 per share. Bank of America double upgrades Netflix (NFLX) to a buy rating from a sell, with a price target of $370 per share.

☆ Hedge funds were busy trading Club holdings last quarter, regulatory filings show
▼ + stars: | 2022-11-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

What's more, Third Point added to its bet on Disney (DIS), owning 1.4 million shares as of Sept. 30, up 40% compared with its position on June 30. That valued the position at roughly $700,000 as of Sept. 30, which is quite small for a multi-billion dollar investment firm like Trian. In August, the firm had reported owning 14.34 million shares as of June 30. They are current as of the reporting date, which for this latest round of disclosures was Sept. 30. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ What Cramer is watching Monday — two AMD upgrades, Microsoft hesitancy, Alzheimer's results
▼ + stars: | 2022-11-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Baird upgrades Advance Micro Devices (AMD) to outperform from neutral (buy from hold) and raises price target to $100 per share from $65. UBS goes to a buy from neutral as well and raises price target to $95 from $75. Oppenheimer cuts price target on Club holding Nvidia (NVDA) to $225 per share from $250. Credit Suisse analyst Scott Deuschle assumes coverage on Honeywell (HON) with a neutral rating and a $202-per-share price target. Good for Club holding Eli Lily (LLY) and Biogen (BIIB), which are each working on separate experiment treatments for the disease.

☆ After this week's big market rally, here's a rapid-fire update on all 32 stocks in our portfolio
▼ + stars: | 2022-11-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Cisco Systems (CSCO): It reports next week and we think it should deliver a decent quarter as it converts its backlog into revenue. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Search resuls for: "procter"

25 mentions found