DIRS.INFO The most relevant business & tech news

☆ Divided U.S. government may lead Fed to be more cautious, analyst says
▼ + stars: | 2023-01-05 | 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 EmailDivided U.S. government may lead the Federal Reserve to be more cautious, analyst saysEdward Mills, managing director at Raymond James, says things have been "dysfunctional" in the House of Representatives in the last two days.

☆ FTSE 100 rises on Next boost; recession worries loom
▼ + stars: | 2023-01-05 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) climbed 0.4%, extending gains to a third straight session and outperforming most regional peers. British clothing retailer Next (NXT.L) surged 7.4% after raising its pretax profit forecast for the current year, pushing the broader retailers index (.FTNMX404010) to a more than four-month high. Oil majors BP (BP.L) and Shell (SHEL.L) rose more than 1% each as crude oil prices rebounded amid dollar weakness. Britain's services sector ended 2022 in a lacklustre fashion, with new orders falling and hiring frozen during December, a survey showed, highlighting the likelihood that Britain is already in recession. Reporting by Shashwat Chauhan in Bengaluru; editing by Uttaresh.V and Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves midday: Wynn Resorts, Microsoft, Honeywell, Salesforce and more
▼ + stars: | 2023-01-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018. Check out the companies making the biggest moves midday:Wynn Resorts — The casino operator's stock jumped nearly 7%, building on its solid start to 2023. Salesforce — Shares of the cloud-based software company jumped more than 3% after Salesforce announced that it is cutting 10% of its personnel and reducing some office space as part of a restructuring plan. Celanese — The global chemical and specialty materials company jumped more than 6% after being upgraded by RBC Capital Markets to outperform from sector perform. The firm cited the solar company stock's "steep drop from the initial euphoria created by the Inflation Reduction Act."

☆ Salesforce's cost-cutting plan is a much-needed move for an economic downturn
▼ + stars: | 2023-01-04 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

Salesforce (CRM) laid out a cost-cutting plan on Wednesday that is a step in the right direction for the banged-up Club holding. I know that Starboard would've liked double that [number of layoffs] because that's how bloated they think that Salesforce became." Salesforce is the latest tech company to slash headcount as business slows down from Covid-fueled growth and recession fears mount. 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.

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Rivian, Target, Microsoft, Etsy & more
▼ + stars: | 2023-01-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are the biggest calls on Wall Street on Monday: UBS downgrades Microsoft to neutral from buy UBS said in its downgrade of the stock that it's concerned about Microsoft Office risks. Wells Fargo downgrades Target to equal weight from overweight Wells said in its downgrade of the stock that it sees too much 2023 uncertainty. " UBS downgrades JB Hunt to neutral from buy UBS said in its downgrade of the shipping company that it sees volume and pricing risk. UBS downgrades Honeywell to sell from buy UBS said in its downgrade of the stock that the multiple is "inflated." UBS reiterates Amazon as buy UBS lowered its price target on the e-commerce giant to $125 per share from $165 but says it's standing by the stock.

☆ Raymond James sees clean energy stocks jumping 30% to 40% in 2023. Here are some favorite picks
▼ + stars: | 2023-01-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

The new year should bring a boost to clean energy stocks, according to Raymond James. Demand drivers vary around the world, but there is strength everywhere," Molchanov wrote. With that in mind, he upgraded two clean energy companies: Chart Industries to strong buy from market perform, and Maxeon Solar Technologies to outperform from market perform. Chart Industries joins names such as Bloom Energy and FTC Solar on Raymond James' strong buy list. The firm also upgraded NextEra Energy to market perform from underperform, but noted it is not enthusiastic about the stock at these levels.

☆ Chewy Looks to Open More Automated Fulfillment Centers in Drive to Control Costs
▼ + stars: | 2023-01-03 | by ( Nina Trentmann | ) www.wsj.com time to read: +5 min

Online pet retailer Chewy Inc. plans to open more automated fulfillment centers in 2023 to control costs and raise efficiency, which could help the company repurpose certain capital spending, its finance chief said. Photo: Chewy Inc.“When we think about the future of our fulfillment network, automation is at the center of that,” Mr. Marte said. The company, which had over 21,000 employees and 13 fulfillment centers in December, usually requires about 1,200 people for a manned distribution center. “Those are real dollars,” Mr. Marte said, adding that Chewy is working to grow profits and taking out costs. Over time, the company could defer or lower some of its capital expenditures, Mr. Marte said.

☆ Orton: Maintain a core defensive bias with higher quality, dividend-paying companies
▼ + stars: | 2022-12-30 | 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 EmailOrton: Maintain a core defensive bias with higher quality, dividend-paying companiesMatt Orton, Chief Market Strategist at Raymond James Asset Management, joins Worldwide Exchange to give his take on investing in the markets.

WASHINGTON, Dec 29 (Reuters) - The U.S. government on Thursday filed a lawsuit accusing AmerisourceBergen Corp (ABC.N), one of the nation's largest drug distributors, of helping ignite the nation's deadly opioid epidemic by failing to report hundreds of thousands of suspicious orders of prescription painkillers. The government said AmerisourceBergen had since 2014 systematically refused or negligently failed to flag suspicious orders by pharmacy customers when it had reason to know that opioids were being diverted to illegal channels. "For years, AmerisourceBergen prioritized profits over its legal obligations and over Americans' well-being," Associate Attorney General Vanita Gupta told reporters. In a statement, AmerisourceBergen called the lawsuit an improper attempt to "shift blame" and the burdens of law enforcement from the Justice Department and DEA to the companies they regulate. The Justice Department said AmerisourceBergen for years understaffed and unfunded programs designed to ensure compliance with the Controlled Substances Act.

☆ Wall Street names these 20 Club stocks as top picks for 2023. Here's the list and our takes
▼ + stars: | 2022-12-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +16 min

Club take: We've pared back our position in AMD this year as the semicondcutor company worked through its inventory correction. The company has to do more in terms of managing its costs, but it will likely be a priority in 2023. Analysts described growth outlooks in these segments as "robust" and expect them to drive revenue growth and margin expansion. BofA calls the Club stock a "top tier operator" and expects the company to grow revenue in the coming year despite fears of an economic downturn. Analysts expect to see strong data center growth next year, a business they said could reach $20 billion by 2023.

☆ Raymond James' Savi Syth: We are sticking to our strong buy rating for Southwest Airlines
▼ + stars: | 2022-12-29 | 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 EmailRaymond James' Savi Syth: We are sticking to our strong buy rating for Southwest AirlinesRaymond James analyst Savi Syth joins 'Squawk on the Street' to discuss shares of Southwest Airlines amid the airlines' massive wave of flight cancellations amid the busy holiday travel season.

Dec 29 (Reuters) - The U.S. government on Thursday filed a civil lawsuit accusing the drug distributor AmerisourceBergen Corp (ABC.N) of contributing to the deadly U.S. opioid epidemic by repeatedly failing to report suspicious orders of prescription painkillers. "The United States brings this suit to hold defendants accountable for their egregious failure to report suspicious orders and their role in contributing to the opioid epidemic," the Justice Department said in its complaint. The company has long denied contributing to the opioid epidemic. Thursday's lawsuit is latest in a series of criminal and civil actions the Justice Department has pursued against companies accused of fueling the opioid epidemic. Reporting by Jonathan Stempel in New York; Editing by Chizu Nomiyama and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ CFRA says Southwest Airlines remains a strong buy, despite recent turmoil for travelers
▼ + stars: | 2022-12-29 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Southwest Airlines is still a stock worth buying despite the recent bout of flight cancellations, according to CFRA Research. CFRA analyst Colin Scarola maintained his rating of the stock as a buy. He said the stock's drop this month on the back of the cancellations has made it a smart time to buy in. Scarola cut his per-share earnings estimate on the stock for 2022 to $1.20 from $1.86. Southwest has attributed its challenges to internal technology platforms that the company says got overwhelmed by the volume of schedule changes .

☆ Mills: The top priority for Republicans is to choose a House Speaker, which may set up what type of legislation will come in 2023
▼ + stars: | 2022-12-27 | 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 EmailMills: The top priority for Republicans is to choose a House Speaker, which may set up what type of legislation will come in 2023Raymond James' Ed Mills discusses the key items on the agenda for Congress in 2023, including energy permit reform, crypto regulation and the debt limit.

☆ Stocks making the biggest moves premarket: Tesla, Nutanix, Meta and more
▼ + stars: | 2022-12-23 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:Tesla (TSLA) – Tesla CEO Elon Musk said he would refrain from selling any more Tesla stock for 18 to 24 months. Tesla gained 1.2% in the premarket. Nutanix (NTNX) – Nutanix tumbled 16.6% in the premarket following a report that Hewlett Packard Enterprise (HPE) has ended talks to acquire the cloud computing company. Meta Platforms (META) – Meta and users of its Facebook platform settled a privacy class action lawsuit, with Meta agreeing to pay $725 million. Oilfield services stocks – Halliburton (HAL) gained 1.4% in the premarket, with Schlumberger (SLB) up 1.3% and Baker Hughes (BKR) rising 1%.

☆ The EU agreed to limit gas prices, but some analysts are skeptical
▼ + stars: | 2022-12-20 | by ( Jenni Reid | ) www.cnbc.com time to read: +6 min

Pipes run along a technical facility for compressing natural gas on the site of astora GmbH's Rehden natural gas storage facility, the largest in Western Europe. He flagged that it could disrupt the European energy market, risk security of supply and have wider financial implications. Analysts told CNBC that these conditions called into question the ability of the mechanism to limit energy price rises. Around 70% of liquefied natural gas (LNG) is tied up in long-term contracts, leaving 30% available on a spot basis. "As it stands, about 20% of Europe's electricity comes from natural gas, 10% comes from coal.

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Hostess, Home Depot, Rivian, Netflix & more
▼ + stars: | 2022-12-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Tuesday's biggest calls on Wall Street: Atlantic Equities names Coca-Cola as a top 2023 pick Atlantic Equities said it sees "category momentum" for shares of the beverage giant. JPMorgan reiterates Apple as overweight JPMorgan cut its price target on Apple to $190 per share from $200 due to supply chain challenges concerns. JPMorgan names Amazon as a top 2023 pick JPMorgan said Amazon is the "most diversified mega-cap across revs/profit & has numerous large growth opportunities." JPMorgan resumes DuPont as overweight JPMorgan resumed coverage of the stock and said it sees several positive catalysts ahead. JPMorgan names Bank of America a top 2023 pick JPMorgan said it likes the stock due to a "lower share of nonprime consumer loans."

☆ Wells Fargo settles with CFPB over consumer abuses
▼ + stars: | 2022-12-20 | 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 EmailWells Fargo settles with CFPB over consumer abusesDavid Long of Raymond Jones joins 'Squawk on the Street' to discuss the Wells Fargo settlement with the Consumer Financial Protection Bureau and more.

☆ EU's gas price cap isn't a sustainable solution, analyst says
▼ + stars: | 2022-12-20 | 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 EmailEU's gas price cap isn't a sustainable solution, analyst saysPavel Molchanov of Raymond James says "the solution for Europe will be to diversify its energy mix away from imported fossil fuels."

☆ 2022 didn’t go as expected for bank investors. How to avoid pitfalls in the sector in 2023
▼ + stars: | 2022-12-19 | by ( Hugh Son | ) www.cnbc.com time to read: +4 min

Banks finally got a long-awaited boost to interest rates this year after a decade of toiling in a low-rate environment. A year ago, big lenders including Bank of America and Wells Fargo were the top picks of the analyst community because they were expected to benefit from higher rates . Loan growth coupled with vast deposit bases would drive gains in interest income as the Federal Reserve hiked rates, the thinking went. In a downturn, banks are exposed to surging loan defaults, reduced loan demand and write-downs on assets. Veteran analyst Mike Mayo of Wells Fargo said that bank stocks could pop 50% in 2023 by proving their resilience in a recession.

☆ Raymond James' Savanthi Syth offers her 2023 airline playbook
▼ + stars: | 2022-12-19 | 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 EmailRaymond James' Savanthi Syth offers her 2023 airline playbookSavanthi Syth, Raymond James analyst, joins 'Closing Bell: Overtime' to discuss on how to position yourself in airline stocks.

☆ Delta Air Lines named top 2023 pick at Raymond James
▼ + stars: | 2022-12-19 | by ( Scott Wapner | ) 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 EmailDelta Air Lines named top 2023 pick at Raymond JamesThe "Halftime Report" traders debate the biggest analyst calls of the day.

☆ Here are Monday's biggest analyst calls: Tesla, Amazon, Netflix, Moderna, Nike, Coinbase & more
▼ + stars: | 2022-12-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Morgan Stanley names Microsoft a top 2023 pick Morgan Stanley said it sees accelerating earnings per share growth for Microsoft in 2023. Morgan Stanley reiterates Netflix as equal weight Morgan Stanley raised its price target on Netflix to $275 per share from $250 but said the valuation has come too far too fast. Telsey names Amazon a top 2023 pick Telsey said the e-commerce giant will continue to gain share in 2023. " Morgan Stanley names Formula One Group a top 2023 pick Morgan Stanley said the company is top beneficiary in the rising popularity of auto racing. Goldman Sachs names SolarEdge a top 2023 pick Goldman said shares of the solar company are attractive heading into next year. "

☆ Mississippi State names Zach Arnett as the team’s next head football coach after death of Mike Leach
▼ + stars: | 2022-12-15 | by ( David Close | ) edition.cnn.com time to read: +1 min

CNN —Mississippi State University has hired Zach Arnett as the team’s next head football coach following the death of Mike Leach on Monday. Hired in 2020, Arnett served as the team’s defensive coordinator for the last three seasons. “Our football program has dealt with a stunning blow at the untimely passing of Coach Mike Leach,” Mississippi State president Mark E. Keenum said on Thursday. Jonathan Mailhes/Cal Sport Media via AP ImagesArnett said that he and the Mississippi State footbal team were “committed to continuing to build on the foundation Coach Leach laid and continue to honor his legacy.”Previously, Mississippi State said it would play in its scheduled bowl game on January 2 against Illinois. Leach was nicknamed “The Pirate.”Prior to arriving in Starkville, Mississippi, Arnett spent nine seasons as a defensive coach at San Diego State University.

☆ DeVante Parker: NFL says it is reviewing an apparent head injury incident during Monday's Patriots game
▼ + stars: | 2022-12-14 | by ( Kevin Dotson | ) edition.cnn.com time to read: +27 min

CNN —The NFL and the NFL Players Association are looking into an incident in which an apparent head injury to New England Patriots wide receiver DeVante Parker seemingly went unnoticed by medical staff and spotters, league spokesman Brian McCarthy tells CNN. Jeff Dean/AP Los Angeles Chargers wide receiver Mike Williams catches a pass against Miami Dolphins cornerback Xavien Howard on December 11. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

Search resuls for: "Raymond J"

25 mentions found