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☆ Goldman Sachs sees Tesla rallying nearly 40%, points to three positives for the stock
▼ + stars: | 2023-01-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Tesla's fourth-quarter report points to even more gains for the electric vehicle maker, Goldman Sachs said Thursday. Analyst Mark Delaney reiterated his $200 price target and buy rating on Tesla. CEO Elon Musk also said during a conference call that the company could produce 2 million vehicles in 2023. Tesla shares have fluctuated dramatically during the past year, as questions intensify over Elon Musk's involvement in the company and as Twitter CEO. The company's stock has gained 17.25% in 2023, and jumped 9.8% in premarket hours after it announced its earnings report.

☆ We agree with Wells Fargo that Wynn is set for a comeback as gamblers return to Macao
▼ + stars: | 2023-01-26 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Wells Fargo on Thursday raised its earnings estimates for Club holding Wynn Resorts ' (WYNN) operations in Macao, China, while increasing its price target on the casino operator. Wells Fargo increased its price target on Wynn to $125 per-share from $101 and reiterated an overweight, or buy, rating on the stock. "Looking ahead, LVS management envisions a premium mass led recovery, which should support rapid recovery at Wynn," the Wells Fargo analysts wrote. The Club take We agree with Wells Fargo that the recovery of China's gambling market is a major catalyst for Wynn Resorts, a core pillar of our investment thesis. Moreover, upbeat commentary from Las Vegas Sands' CEO represents a positive read-through into Wynn's operations in Macao.

☆ How the dollar's sharp reversal could be an unexpected positive for these companies
▼ + stars: | 2023-01-25 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

But with the dollar's stunning reversal since then, some companies should conversely start to catch a currency break and potentially see upside surprises. In the fourth quarter, because of the sophisticated hedging strategies from companies, they may not get the full benefit of the dollar's decline. Johnson & Johnson, for instance, said fourth quarter sales fell, in part because of the negative impact from currency translation. 3M said fourth quarter sales were 5% lower than they would have been were it not for the stronger dollar. Sacconaghi said the market has typically rewarded tech companies' "currency beats."

☆ 92% of millennial homebuyers say inflation has impacted their purchase plans, but most are plowing ahead anyway, study shows
▼ + stars: | 2023-01-25 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +5 min

The typical first-time buyer was age 36 in 2022, up from age 33 in 2021, according to the National Association of Realtors. The combination of year-over-year double-digit price jumps for much of 2022 and rising mortgage rates created an affordability problem for many buyers. The average for a 30-year fixed-rate loan is 6.21% as of Jan. 24, according to Mortgage News Daily. An adjustable rate mortgage may be an optionIt may also be worth considering an adjustable rate mortgage if you're trying to bring the cost down, Yun said. With an ARM, the appeal is its lower initial rate compared with a traditional fixed rate mortgage.

☆ Headwind of energy price shock receding in euro zone and UK, economic advisor says
▼ + 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 EmailHeadwind of energy price shock receding in euro zone and UK, economic advisor saysMartin Beck, chief economic advisor at EY ITEM Club, weighs in on the day's PMI data and the story it tells about the euro zone and U.K. economic outlook.

☆ Next up for Elon Musk: Crucial Tesla earnings and outlook
▼ + stars: | 2023-01-25 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

But on January 2, the company revealed disappointing fourth quarter sales, despite price cuts announced in December. “Will they rip the band-aid off and say they no longer will see 50% sales growth? Ives recently slashed his own Tesla price target from $250 to $175. Some of those sales came after Musk had declared on Twitter that he was done selling Tesla shares. “There’s so much noise that’s been an overhang on Tesla stock, from Twitter, to the court case, to his selling of stock,” said Ives.

S&P Global's Flash U.S. Composite Output Index last month rose to 46.6, below a reading of 50 where growth begins. Companies reported soft demand amid still high inflation that remains a headwind to customer spending, the report showed. The S&P 500 and Nasdaq closed slightly lower after bellwethers including 3M (MMM.N), Johnson & Johnson (JNJ.N), Verizon (VZ.N) and GE (GE.N) reported mixed results. The Dow rose as Traveler Cos (TRV.N), American Express (AXP.N) and JPMorgan Chase provided almost half its gains. The Dow Jones Industrial Average (.DJI) rose 0.31%, the S&P 500 (.SPX) lost 0.07% and the Nasdaq Composite (.IXIC) dropped 0.27%.

☆ U.S. business activity still soft in early 2023, but outlook perks up
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +4 min

S&P Global's Flash U.S. Composite Output Index rose to 46.6 in January - with readings below 50 indicating contraction in activity - from a final reading of 45.0 in December. While that was the highest in three months, companies still reported demand was soft and high inflation was a headwind to customer spending. Another quarter-percentage point increase is expected enroute to a policy rate officials see rising above 5% this year. The S&P Global survey's forward-looking indexes did show improved confidence in the outlook, indicating businesses expect the situation to improve later in the year. "The pick-up in positive sentiment was broad-based, with companies hopeful of a resurgence in customer demand as 2023 progresses," it said.

☆ Defense firms set to post higher sales, McCarthy's election clouds outlook
▼ + stars: | 2023-01-23 | by ( Nathan Gomes | ) www.reuters.com time to read: +3 min

** Raytheon is expected to post quarterly revenue of $18.15 billion and a profit of 92 cents a share. ** General Dynamics is estimated to report quarterly revenue of $10.69 billion and a profit of $3.55 per share. ** Northrop is expected to report quarterly revenue of $9.66 billion and a profit of $6.58 per share. Median 12-month price target is $495. Median 12-month price target is $566.

☆ Emerging markets are a top investing trend for 2023. Here's the best way to take advantage
▼ + stars: | 2023-01-23 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +6 min

The iShares MSCI emerging market Asia exchange traded fund is up 11% and the iShares core MSCI emerging markets ETF is up more than 10% since the year began. For Kotler, it's emerging market bonds, where his firm has an overweight rating as opposed to a neutral rating on equities. One other factor that should help emerging market countries outperform in 2023 is the winding down of the strength of the U.S. dollar. Some top emerging market bond funds include the iShares JP Morgan USD Emerging Markets Bond ETF , the Vanguard Emerging Markets Government Bond ETF and the VanEck JP Morgan EM Local Currency Bond ETF. Of course, the downside to large emerging market funds is that they tend to be most heavily weighted to China, as it's the largest emerging market country.

☆ Get ready for a deluge of data next week that will shape the Fed's next moves
▼ + stars: | 2023-01-21 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Within the portfolio, we'll get the latest earnings from Danaher (DHR), Halliburton (HAL), and Johnson & Johnson (JNJ) on Tuesday before the opening bell. While the results will be important as always, we are most interested in the earnings call with analysts and investors. Housing Starts fell 1.4% in December to a seasonally adjusted annual rate of 1.38 million, slightly above the 1.36 million expected. Building permits dropped 1.6% in December to a seasonally adjusted annual rate of 1.33 million, below expectations of 1.37 million. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Six stocks Goldman Sachs likes ahead of earnings
▼ + stars: | 2023-01-21 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

Goldman Sachs' analysts have stocks they are confident about going into a new earnings season. The stocks we found are Amazon , ServiceNow , Colgate-Palmolive , Boeing , Microsoft and Cleveland-Cliffs . Colgate-Palmolive Analyst Jason English raised estimates ahead of Colgate-Palmolive's Jan. 27 earnings as headwinds from foreign exchange turn in to tailwinds. While English said the uncertain global environment could hurt Colgate's business, he still expects the toothpaste and soap maker to meet Goldman's 9% per-share earnings growth forecast for the year. Specifically, we are now forecasting AWS growth to decelerate to +21% YoY (vs. +27.5% YoY in Q3'22) with more subdued growth expectations in 2023.

☆ JPMorgan says the market can't keep rising on bad news — and more bad news is coming
▼ + stars: | 2023-01-20 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Bad news has recently been good news for the stock market, but that won't be the case much longer, according to Dubravko Lakos-Bujas, chief U.S. equity strategist at JPMorgan. "Lately, equities have been shrugging off bad economic news and rising on weaker [economic] data and lower yields," Lakos-Bujas said in a note. The S & P 500 has risen about 2% so far in 2023 following its worst year since 2008. JPMorgan's year-end S & P 500 year-end sits at 4,200, about 8% higher than the index's current level around 3,900. The bank's forecast is slightly higher than the average target among Wall Street strategists, according to CNBC's market strategist survey that rounds up 15 top strategists' outlooks.

☆ Silver prices could touch a 9-year high in 2023 — with a bigger upside than gold
▼ + stars: | 2023-01-20 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Akos Stiller | Bloomberg | Getty ImagesPrices of silver could hit a nine-year high of $30 per ounce this year — possibly outpacing gold prices. No silver lining for silver supplies"We hit peak silver supply back about five, six years ago. The supply of silver, which is largely produced as a byproduct of lead-zinc, copper and gold mines, does not generally respond as quickly to demand. Andrey Rudakov | Bloomberg | Getty Images"When silver prices go up, it's not like the silver mines can increase production, because the silver mines only supply about 25% of the silver," Smallwood said, adding that the market often relies on the lead-zinc mines to satisfy the higher demand. "I'm very bullish on gold, but I'm even more bullish on silver," Smallwood said.

☆ P&G's uneventful quarter and guidance overshadows compelling execution in a tough environment
▼ + stars: | 2023-01-19 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Club holding Procter & Gamble (PG) reported fiscal second-quarter results largely in line with expectations before the opening bell Wednesday. During the December quarter, management returned roughly $4.2 billion to investors via $2 billion share repurchases and another $2.2 billion via dividends. Guidance Management raised their fiscal year 2023 sales guidance, now expecting sales to be in a range of down 1% to in-line. On the bottom line, management reaffirmed EPS guidance to be in line to up 4% versus fiscal 2022 earnings of $5.81 per share, better than the 0.3% growth the Street has been modeling. We made a table (see above) of the reported numbers versus estimates and how each line item compares to the year-ago quarter and the prior fiscal quarter.

Japan's 10-year bond yield, trading at 0.4%, fell on Wednesday but is not far off its highest levels since 2015. Total holdings of foreign bonds by Japanese institutional investors, excluding Japan's $1 trillion reserve portfolio, reached $3 trillion at their peak. GOING HOMEThe implications of higher inflation and a possible end to ultra-low rates are not lost on Japanese investors. Still, anticipating a shift, Japanese investors sold a net 2.1 trillion yen ($15.94 billion) of foreign bonds in December, marking a fourth straight month of selling. According to Nomura, Japanese investors have been far more active buyers of global and overseas equities than domestic stocks in the last decade.

☆ What had been a headwind in 2022 can be a tailwind in 2023, says AllianceBernstein's Tierney
▼ + stars: | 2023-01-18 | 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 EmailWhat had been a headwind in 2022 can be a tailwind in 2023, says AllianceBernstein's TierneyJim Tierney, CIO of US concentrated growth at AllianceBernstein, joins 'The Exchange' to discuss the influence of the dollar on multinational companies, stock names to buy now and the tailwinds helping drive demand.

☆ Wall Street veteran whose fund returned 160% in 2022's bear market shares his trading 'bible'
▼ + stars: | 2023-01-17 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

Last year's bear market left many investors deep in the red, but hedge fund manager Neal Berger bucked the trend. 'My bible is the price action' That's why the veteran fund manager is sticking to his tried-and-proven playbook. "As a trader, my bible is the price action. I'm a student of price action and I'm going to be trading the market in accordance with the longer-term trends," he said. He noted that the one-year trend of all asset prices, such as stocks, bonds and crypto, is pointing downward.

☆ A leaked Google memo compared it to slime mold
▼ + stars: | 2023-01-17 | by ( Jake Swearingen | ) www.businessinsider.com time to read: +5 min

It's like the start of a joke: What do Google and slime mold have in common? A lot, says a memo from an ex-Googler comparing the org to a "slime mold." (A key difference: Stanford grads aren't desperate to intern at a slime mold.) But with ChatGPT setting off alarm bells inside and outside the org, Google should probably move faster and with more intention than slime mold. The most memorable part of the memo compares Google's bottom-up organizational structure to a "slime mold," highlighting how both Google and a slime mold can work independently but still come together to solve complex problems.

☆ Instant View: China's economy slows sharply in Q4, 2022 growth one of the worst on record
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +10 min

As a result, the Chinese economic growth rate will be below the Chinese government's target of 5% plus." This could weigh on their potential economic growth in the mid-and long-term, and we really need to be paying attention to that." MARCO SUN, CHIEF FINANCIAL MARKET ANALYST, MUFG BANK (CHINA), SHANGHAI"China's Q4 and full-year 2022 GDP growth rates came in higher than expected. Economic growth will have to depend more on productivity growth, which is driven by government policies." IRIS PANG, GREATER CHINA ECONOMIST, ING, HONG KONG"The biggest surprise is the retail sales number, which is really a big beat...

☆ Guggenheim downgrades Microsoft, says vulnerabilities may be exacerbated during an economic slowdown
▼ + stars: | 2023-01-17 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Now is the time to sell shares of tech giant Microsoft , according to analysts at Guggenheim. The firm on Tuesday downgraded the shares to sell from neutral and introduced a $212 price target, implying a more than 11% downside for Microsoft. Microsoft may disappoint on upcoming earnings numbers in the second quarter of 2023 and in their full-year guidance as well. "While most investors see MSFT as a large stable business that can weather any storm, it does have vulnerabilities, some of which could be exacerbated by this macro slowdown," analyst John DiFucci wrote. The biggest headwind the firm sees is MPC business, where consensus numbers are expecting slight growth after several quarters of declines.

☆ Morgan Stanley downgrades Chipotle, slashes price target on worries about foot traffic
▼ + stars: | 2023-01-17 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Morgan Stanley has grown more cautious on fast-casual name Chipotle after its data showed waning foot traffic. The firm downgraded shares from overweight to equal weight and cut its price target to $1,664 from $1,847 in a Tuesday note. Traffic slump In the future, Morgan Stanley will look to be more constructive on the name but sees it as more balanced today. "We think CMG remains well-positioned, but it doesn't necessarily have an edge on value." Pricing promos Chipotle may have some room to use promotional pricing in 2023 given their solid margins, but Morgan Stanley isn't sure they should take the opportunity.

☆ The steep plunge in used car prices – what it means, and what’s ahead
▼ + stars: | 2023-01-16 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —Tracking used car prices is enough to give anyone whiplash. Today’s average used car price is about the same as the average new car price as recently as 2010. Experts say part of the decline in used car prices is that the price increases were not sustainable and were partly driven by buyers at used car auctions overpaying for the limited supply of used vehicles. There could be more declines in used car prices in the months ahead, as new car inventories continue to build. One thing that could put a floor under the used car prices: late model used cars will likely be in short supply given the reduced new car production over the last three years.

☆ VCs are investing in these hot areas of climate tech
▼ + stars: | 2023-01-15 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

Tens of billions of dollars are up for grabs for startups trying to solve the climate crisis. That means tens of billions of dollars are up for grabs for startups trying to solve the climate crisis. Industries known to be big polluters, such as agriculture, utilities, and commercial shipping, are ripe for change, the VCs said. Maxwell added that the influx of cash was encouraging more entrepreneurs and former Big Tech employees to enter the field. Methane is a far more potent greenhouse gas than carbon dioxide, so sizable reductions could be a climate win.

☆ International stock trade could be in the first inning as investors seek alternatives to U.S. tech
▼ + stars: | 2023-01-13 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

"FANG" and other big cap tech have faded as favorite trades, but i nvesting in foreign stocks as a way to generate better returns is just beginning. The outperformance in foreign markets has not gone unnoticed by U.S. investors, bruised by the 19.4% decline in the S & P 500 last year. Also, investors in foreign stocks will benefit if their local currencies gain against the dollar. Investors are now monitoring foreign markets much more and focusing on what's happening in currency pairs, like dollar/yen. "I think a lot of investors will play Europe stocks right out of the gate," he said.

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