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☆ The pullback in this high-quality edtech stock could be opportunity for investors
▼ + stars: | 2023-02-24 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +7 min

Knoblauch raised his price target to $27 from $21, saying the stock's underperformance so far this year is an opportunity. Last year, PowerSchool's stock outperformed its edtech peers by a wide margin. Demand for PowerSchool's products are largely driven by the growth of school budgets, which are recession-resilient. The international opportunity Thill said it's early days for PowerSchool's international expansion, and it's one of the reasons he's positive on the stock in the long term. We're particularly optimistic regarding the company's persona-based cloud bundles and international opportunity.

☆ Warren Buffett’s must-read annual letter arrives Saturday. Here’s what to expect from the investing legend
▼ + stars: | 2023-02-24 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Andrew Harnik | APWarren Buffett's loyal following of value investors is about to hear from the legend himself, at a crucial time when interest rates have soared and recession fears are raging. He believed that when interest rates are high, it could be a major "gravitational pull" on values. "We have a roughly 15-year period of abnormally and historically low interest rates. "Interest rates are the main determinant of equity prices, to quote Buffett, so I think I'm looking for and expecting a discussion on interest rates." "Private equity and others who are thinking of making acquisitions would have to go into the market to borrow [at] higher interest rates.

☆ Here are Thursday's biggest analyst calls: Tesla, Apple, Intel, Teladoc, Nvidia, Salesforce & more
▼ + stars: | 2023-02-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Bank of America reiterates Target as neutral Bank of America said it sees "modest upside" at current levels. Bank of America downgrades Lucid Group to neutral from buy Bank of America said it's concerned about slowing demand for the luxury vehicle company. Bank of America reiterates Nvidia as buy Bank of America said Nvidia remains "best-in-class" after its earnings report on Wednesday. Bank of America reiterates CVS as buy Bank of America said it sees "significant free cash flow generation potential" for CVS. Goldman Sachs upgrades Nvidia to buy from neutral Goldman upgraded Nvidia after its "impressive" earnings report on Wednesday.

☆ Stocks making the biggest moves premarket: Lucid, Nvidia, Dollar General, Sunrun and more
▼ + stars: | 2023-02-23 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Lucid Motors — The electric vehicle maker saw shares slide 14% premarket after reporting that fourth-quarter revenue fell short of expectations. eBay — The online auction platform fell 5% despite posting fourth-quarter earnings and revenue that topped analysts' estimates as gauged by Refinitiv. The company also forecast current quarter revenue of $600 million and $640 million, compared to estimates of $622 million. Bath & Body Works — Shares fell more than 4% after the company reported fourth-quarter earnings. Sunrun — The solar company rose 1.5% after its fourth-quarter earnings topped Wall Street's expectations.

☆ New Rolls-Royce boss says more to come after profit beat
▼ + stars: | 2023-02-23 | by ( Paul Sandle | ) www.reuters.com time to read: +2 min

SummarySummary Companies FY op profit 652 mln stg, up 57%Profit beats consensusNew CEO says 2023 profit will riseLONDON, Feb 23 (Reuters) - The new chief executive of Britain's Rolls-Royce (RR.L) forecast more profit growth in 2023 after last year beat expectations, and said the engineering company was capable of "much more" as his transformation plan starts to take shape. As Rolls-Royce announced a 57% rise in underlying operating profit on Thursday, he said his transformation programme was already underway and moving at pace. The company posted operating profit of 652 million pounds ($786.4 million) for 2022, beating an analyst forecast of 478 million pounds, helped by an improving performance in civil aerospace, its biggest division, as travel recovers from the pandemic. For 2023, Rolls guided to underlying operating profit of 0.8-1.0 billion pounds and free cash flow of 0.6-0.8 billion pounds, helped by the early benefits of the transformation. ($1 = 0.8291 pounds)Reporting by Paul Sandle; additional writing by Sarah Young and Kate HoltonOur Standards: The Thomson Reuters Trust Principles.

☆ Pence says Republicans will have 'better choices' than Trump in the 2024 presidential election
▼ + stars: | 2023-02-22 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former Vice President Mike Pence said Wednesday that he would prefer a Republican alternative to former President Donald Trump in the 2024 presidential election. "I think we're going to have better choices" than Trump, Pence said on CNBC's "Squawk Box" when asked if the GOP should nominate someone other than the former president next year. The potential 2024 candidate Pence did not explicitly rule out supporting Trump if he became the GOP nominee. "I'll keep you posted," Pence said when asked if he sought the Republican presidential nomination. After several relatively quiet months when Trump was the only notable Republican on the campaign trail, former South Carolina Gov.

☆ Small caps are on a tear this year. Here’s how investors are playing the rally.
▼ + stars: | 2023-02-16 | by ( Pia Singh | ) www.cnbc.com time to read: +6 min

"A regime change, if you will, is taking place in the market, where small caps are going to do better," said Francis Gannon, co-chief investment officer at Royce Investment Partners, which focuses on small caps. Now investors are pointing to the recent rally as proof that small caps are on the verge of a prolonged period of outperformance. 'Massively outperform' Michael Sesser, equity portfolio manager of the $558-million DWS Small Cap Core fund, believes small caps will "massively outperform" large caps over the next five to 10 years. Cantaloupe , a retail service digital payments company with a $373 million market cap, and medical imaging provider RadNet ($1.2 billion market cap) are among Sesser's picks. DWS Small Cap also owns metallurgical coal producers serving the steel industry, namely Alpha Metallurgical Resources ($2.7 billion market cap), Arch Resources ($2.6 billion market cap) and Peabody Energy ($4.2 billion market cap).

☆ Amazon's pledge to become 'Earth's Best Employer' is failing.
▼ + stars: | 2023-02-16 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

I get a lot of satisfaction out of what I do, but I'd love to work for the world's best employer. What would the best employer in the world look like? While we ponder these imponderables, I can tell you that it's probably not Amazon — despite its flashy 2021 pledge to become "Earth's Best Employer." Amazon is fumbling its "Earth's Best Employer" pledge. CEO Andy Jassy even once admitted that the definition of Earth's Best Employer is "subjective."

☆ Canaccord Genuity upgrades Generac, says generator builder stock can surge nearly 30%
▼ + stars: | 2023-02-16 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Generac is heading in the right direction after a bout of underperformance, according to Canaccord Genuity. On Wednesday, Generac reported a beat for quarterly per-share earnings and issued better-than-expected revenue guidance for the year. GNRC 5D mountain GNRC jumped after earnings Gianarikas said that marked the end to a difficult year punctuated by a negative earnings preannouncement in October. Gianarikas said dealer growth is key to fixing inventory levels and getting the company back to revenue growth in the short term. But there's also room for the company to growth, he said, specifically within the clean energy space.

☆ Wall Street puts Salesforce, Nvidia, Humana under the microscope. Here's our take.
▼ + stars: | 2023-02-14 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Club holdings Salesforce (CRM), Nvidia (NVDA) and Humana (HUM) are the subjects of fresh Wall Street research. The news: It's all about margins at Salesforce, Wells Fargo analysts wrote in a research note Tuesday. The news: Bank of America raised its price target on Nvidia stock to $255 per share from $215, while reiterating a buy rating. Regardless, the shift to accelerated computing , led by NVDA GPU, and away from conventional CPUs is structural," the analysts wrote. The sector's valuation is starting to "appear increasingly attractive," trading roughly 10% below its five-year-average forward earnings multiple, Oppenheimer analysts wrote in a note Tuesday.

☆ These 2023 underperformers are set for a comeback — 7 stocks with big upside
▼ + stars: | 2023-02-14 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

These stocks are lagging the S & P 500 in 2023, but are favored by analysts who expect a comeback, according to a CNBC Pro screen. Halliburton is due for a comeback, based on the analysts' ratings and price targets. The energy stock declined slightly to start 2023 after surging more than 72% last year. "We are buyers of CEG, which we believe is a significant beneficiary of the IRA, and this is not reflected in the current stock price," analyst Ross Fowler wrote. The Wall Street favorite — with buy ratings from 78% of analysts — has 21% upside to its price target, according to FactSet consensus estimates.

☆ GOLDMAN SACHS: Here are 18 stocks to buy and 7 to short for maximum market upside as recession fears fade.
▼ + stars: | 2023-02-14 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

Goldman Sachs says it's becoming more likely that the US will avoid a recession in 2023. It says stock dispersion is rising, and named the stocks most likely to break out in a flat market. "We expect a soft landing and flat returns that will create an environment in which alpha will be more important than beta for performance," Kostin wrote. The 25 stocks below are ranked from lowest to highest based on a dispersion score calculated by Goldman Sachs. The stocks with the highest dispersion score, by Goldman's reasoning, have the highest likelihood of diverging from the broader market.

☆ Stocks making the biggest moves midday: Palantir, Nvidia, Avis Budget and more
▼ + stars: | 2023-02-14 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading Tuesday:Palantir — The software company's stock price soared 13%. Avis Budget — Shares jumped 6.5% after Avis topped expectations in its latest quarterly report. Ecolab — Shares gained 5% after the chemicals company reported higher-than-expected earnings of $1.27 per share, excluding items, beating analysts' estimate of $1.25 per share, according to FactSet. Synopsys — The software company's stock price gained 3% during midday trading ahead of its scheduled earnings release on Wednesday. Arista Networks — Shares rose 2.4% during Tuesday's midday trading session after the company reported fourth-quarter earnings and revenue on Monday that beat Wall Street expectations.

☆ Stocks making the biggest moves premarket: Palantir, Coca-Cola, Marriott and more
▼ + stars: | 2023-02-14 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

Here are the stocks making notable moves before the opening bell on Tuesday, Feb. 14. Palantir — Shares of the software company surged 18% in extended trading after Palantir reported it made a profit in the fourth quarter, the first GAAP profit in the company's history. Marriott — The hotel stock rose nearly 2% in premarket trading after Marriott beat estimates on the top and bottom lines for the fourth quarter. Cadence Design Systems — The electronics design stock rose 5% premarket after Cadence beat estimates on the top and bottom lines for the fourth quarter, according to StreetAccount. Amkor Technology — The semiconductor stock fell about 3% premarket after Amkor's fourth quarter earnings per share came in at 67 cents, three cents below estimates, according to StreetAccount.

☆ Goldman Sachs upgrades Occidental Petroleum, says recent underperformance puts energy stock at right place to buy
▼ + stars: | 2023-02-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Occidental Petroleum 's recent underperformance has brought the stock to a more attractive level, according to Goldman Sachs. Analyst Neil Mehta upgraded the energy stock to buy from neutral. "Instead, it reflects a view that the current valuation is difficult to reconcile with the quality of the underlying assets and cash flow power through a cycle." Mehta said he expects Occidental to return around $9 billion in free cash flow to shareholders in 2023 through share repurchases and equity redemption. The chemicals business is one source of consistent cash flow, he said, and a reason to be bullish on the stock.

☆ Most Republicans are on the fence about Trump's 2024 re-election bid. Here are the few elected officials backing him so far.
▼ + stars: | 2023-02-13 | by ( Bryan Metzger | Oma Seddiq | ) www.businessinsider.com time to read: +6 min

As of Monday, five senators and about a dozen House members have announced they're backing Trump in 2024 or expressed support for his bid. As president, Trump maintained an ironclad grip over the GOP. Eric Schmitt — the newly elected senator told Politico last month he's backing the former president in 2024, who also endorsed Schmitt in Missouri's GOP primary last year. Tommy Tuberville — the Alabama senator endorsed Trump in a tweet just days after he launched his 2024 bid, becoming the first Republican senator to do so. 3 House Republican endorsed Trump days before his widely expected 2024 announcement in November.

MUMBAI, Feb 13 (Reuters) - Indian government bond yields are expected to trend higher this week, as sentiment stays bearish, but debt as well as the local currency will track U.S. and India inflation data. India's headline retail inflation print is due on Monday, followed by U.S. retail inflation on Tuesday. Bond yields jumped after the RBI highlighted core inflation concerns, keeping the door open for another hike. The rupee will take its cues from the U.S. inflation print and its impact on the dollar index, a trader with a private bank said. For the week, the currency could move between 82.10 and 82.80 unless the U.S. inflation data is a big surprise, dealers said.

☆ Third Point's Dan Loeb makes a number of changes to his portfolio, including adding an insurer
▼ + stars: | 2023-02-09 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Third Point's Dan Loeb made a slew of moves to his portfolio last quarter, including building a new stake in a big insurer. Loeb said the company has undergone a massive overhaul since the financial crisis and is well positioned for profitable growth. Loeb said AIG has transformed into a property and casualty insurance pure play after the IPO of its retirement arm Corebridge Financial in September. "This is an important catalyst for the business," Loeb said. AIG 1Y mountain AIG Meanwhile, Loeb said he added to his Bath & Body Works position significantly last quarter.

☆ Buffer ETFs were big winners in 2022. Here's how they work when markets rally
▼ + stars: | 2023-02-09 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

Defined outcome and buffer ETFs proved their worth in 2022's bear market, but a murky market outlook for 2022 could make using the funds a bit more complicated for investors. Buffer ETFs — offered by several firms, including First Trust, Innovator, and Allianz — were a winning strategy for investors in 2022. And they've done exactly what we said they were going to do," said Trevor Terrell, head of distribution at Innovator ETFs. And if the rally continues past the cap, the funds could be in for a terrible year. The success of the buffer funds last year could lead to different types of defined outcome strategies coming to market soon.

☆ Credit Suisse posts massive annual loss as 'radical' restructure gets underway
▼ + stars: | 2023-02-09 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021.Credit Suisse on Thursday reported a fourth-quarter net loss of 1.4 billion Swiss francs ($1.51 billion), as it continues with its huge strategic overhaul. The quarterly result was worse than analyst projections of a net loss attributable to shareholders of 1.32 billion Swiss francs, and took the embattled Swiss lender's full-year loss to 7.3 billion Swiss francs. In November, the bank projected a 1.5 billion Swiss franc loss for the fourth quarter amid large-scale restructuring costs, while Credit Suisse shareholders greenlit a $4.2 billion capital raise aimed at financing the overhaul. The capital raise included the sale of 9.9% of Credit Suisse shares to the Saudi National Bank, making it the bank's largest shareholder. The Qatar Investment Authority became the second-largest shareholder in Credit Suisse after doubling its stake late last year.

☆ Goldman Sachs downgrades Tyson Foods, says poultry stock's trajectory is uncertain after latest earnings
▼ + stars: | 2023-02-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Analyst Adam Samuelson downgraded the food producer to neutral from buy after Tyson's latest quarterly report showed significant underperformance across the company — particularly its chicken segment. The company's reported earnings per share of 85 cents for its first fiscal quarter. "Put together, we see a more uncertain trajectory for Chicken segment profitability into FY24 and have less confidence in the business returning to previously articulated 6-8% normalized margins," the analyst added. Tyson shares fell 4.6% on Monday after the company announced its quarterly earnings. TSN 1Y mountain TSN in past 12 months —CNBC's Michael Bloom contributed to this report.

☆ Morgan Stanley's first ETFs come with an ESG focus despite political pushback
▼ + stars: | 2023-02-07 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

The six new offerings of U.S. and international stock funds and a short-term bond fund from Calvert, part of Morgan Stanley Investment Management (MSIM), is built with ESG considerations in mind. The last three quarters of 2022 were very difficult," said Anthony Rochte, global head of ETFs at Morgan Stanley Investment Management. While the number of ESG funds is growing rapidly, Calvert distinguishes itself by conducting its own ESG scoring rather than relying on an index provider's system, Rochte said. And it goes back to the differentiation and the active process they employ in designing the Calvert principles," Rochte said. Over time, Morgan Stanley will look at launching ETFs beyond the Calvert brand, Rochte said.

☆ Morning Bid: Hot air
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +3 min

Still, stocks rallied and bond yields fell as markets priced in lower rates. Now, it appears that some of these expectations were a load of hot air. The U.S. jobs data showed the unemployment rate hit more than a 53-1/2-year low of 3.4%. U.S. stock futures traded lower and FTSE futures indicated a weaker start for British stocks (.FTSE), which vaulted to a record high on Friday. European index futures also traded lower.

☆ Bernstein says tech stocks could face another lost decade
▼ + stars: | 2023-02-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

After outperforming by 8.6% on average every year for the previous eight years, tech performance reversed dramatically in 2022. That could mean tech is entering a new period of tepid growth, Toni Sacconaghi, senior research analyst at Bernstein, said in a note Monday. "We worry that relative stock performance for tech over the next several years risks being more muted, akin to the lost decade following the tech bubble bursting," he said. But as in the "lost decade," the market found fresh leaders to drive the next big rally in tech and it may need to do so again in this new period, Sacconaghi said. "And it took time for a new era of tech leaders to emerge."

On Wednesday, the company reported adjusted fourth quarter profit of 25.8 pence per share on sales of about 7.4 billion pounds ($9.11 billion). At 0900 GMT, GSK shares were up 0.4% outperforming the FTSE 100 which was up 0.3%. U.S. litigation over the heartburn drug Zantac has also spooked investors, hurting GSK's shares in the second half of 2022. "Nevertheless, against the backdrop of recent performance, and without any contribution from Covid-19, GSK’s 2023 guidance demonstrates some improved momentum," he said. GSK's shares have lagged most of its rivals in recent years.

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