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☆ Stocks making the biggest moves premarket: Procter & Gamble, Travelers, Nasdaq and more
▼ + stars: | 2022-10-19 | by ( Peter Schacknow | ) www.cnbc.com time to read: +3 min

Travelers (TRV) – Travelers added 1% in premarket trading after beating top and bottom line estimates for its latest quarter. Nasdaq (NDAQ) – Nasdaq gained 1.5% in premarket action after reporting better-than-expected profit and revenue for the third quarter. Netflix (NFLX) – Netflix surged 12.2% in premarket trading after reporting it added 2.4 million subscribers during its latest quarter. United Airlines (UAL) – United Airlines jumped 5.3% in premarket trading after reporting better-than-expected quarterly results and issuing an upbeat earnings forecast for the current quarter amid a continued surge in travel demand. ASML (ASML) – ASML reported better-than-expected quarterly sales and profit, as the semiconductor manufacturing equipment maker managed to thrive despite an overall industry slowdown.

☆ It’s been 35 years since the epic Black Monday crash. What have investors learned?
▼ + stars: | 2022-10-19 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

CNN Business spoke to Jon Hirtle, a broker at Goldman Sachs in 1987, to get his recollections about Black Monday. That’s led some Wall Street veterans to derisively refer to the NYSE as nothing more than a glorified TV studio. Goldman Sachs announced Tuesday that it is merging its trading and investment banking businesses into a single unit. CEO David Solomon said that the move is a “realignment” that will allow Goldman Sachs to better serve its customers. There are growing concerns on Wall Street (and Main Street) about an economic downturn.

☆ Stocks making the biggest moves midday: Netflix, Intuitive Surgical, Generac, Winnebago and more
▼ + stars: | 2022-10-19 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The power company also reported preliminary third-quarter results, with earnings per share expected to come in at $1.75 compared to the $3.21 estimate. Netflix — Shares of the streaming media company soared 13.1% after the firm on Tuesday posted better-than-expected results on the top and bottom lines. Netflix also reported the addition of 2.41 million net global subscribers, more than doubling the adds the company had projected a quarter ago. Intuitive also reported growth in its da Vinci procedures of about 20% compared with the third quarter of 2021. Snap — The social media stock climbed 2.5% after Citi added a positive catalyst watch on Snap heading into its earnings results Thursday.

☆ Earnings aren't yet painting anything like a picture of an apocalyptic profit slowdown
▼ + stars: | 2022-10-19 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

With north of 50 companies reporting so far, third quarter earnings (and fourth quarter guidance) have not turned into the apocalypse that was feared when FedEx slashed earnings expectations on Sept. 15. Since then, however, many companies have reported, and while overall earnings are inching lower and guidance is cautious, they are not being slashed. In the last 24 hours, Netflix, United Airlines, JB Hunt, Procter & Gamble and Travelers have all reported earnings above expectations. A beat, but slightly lower guidance? As it was with the last quarter, Prologis and the REITs are starting to rally: it's up 6% in the last few days.

☆ Procter & Gamble gets a price target trim, but is poised for faster growth as inflation cools
▼ + stars: | 2022-10-19 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

More importantly, it maintained its global market share, accelerated productivity savings and improved supply chain efficiencies. Fabric and home care sales of $7.08 billion, up 8% organic (versus a 6% estimate), was shy of the $7.13 billion expected. Baby, feminine and family care sales of $4.93 billion, up 6% organic (versus a 4% estimate), exceeded the $4.85 billion consensus. Feminine care organic sales were up double digits, with growth in all regions, driven by price increases and a positive geographic mix. However, the gains were partially offset by lower market volumes and soft market share.

☆ P&G's pricing strategy saved the quarter, but the dollar's strength could ruin the year
▼ + stars: | 2022-10-19 | by ( Robert Hum | ) www.cnbc.com time to read: +3 min

The price hikes were enough to bring P & G's gross margin of 47.4% above StreetAccount estimates of 46.7%, despite the year-over-year decline. Let's take a deeper dive into P & G foreign exchange problem to better illustrate what's going on. It was a 3 percentage point headwind six months ago in P & G's third quarter and a 4 percentage point headwind in the fourth. P & G is yet another company that is indicating that analyst estimates are too high. The currency issue has basically created another headache for global companies like P & G. A big question will be whether P & G will evaluate further price hikes to mitigate the strong dollar's impact on financial performance.

☆ 2 takeaways from our daily meeting: Recession-proof stocks, Club names in the news
▼ + stars: | 2022-10-19 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Hold onto recession-proof stocks Quick mentions: PG, HAL, PXD, DIS 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.

☆ What Cramer is watching Wednesday — Netflix's big rebound, PG beats on earnings
▼ + stars: | 2022-10-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Deutsche Bank upgrades NFLX to buy with a price target of $350, up from $270, sees more levers to drive growth. Microsoft (MSFT) price target lowered to $282 from $300 at Citi — estimates still too high ... ServiceNow (NOW) — expect disappointment according Citi analyst's "cautious" conversations with partners … lowered price target to $488 from $575. 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.

☆ Jim Cramer gives his take on consumer packaged goods stocks
▼ + stars: | 2022-10-19 | 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 EmailJim Cramer gives his take on consumer packaged goods stocksCramer gave his take on the stock of companies including Procter & Gamble, Johnson & Johnson and PepsiCo on Wednesday.

☆ Procter & Gamble earnings beat expectations on the top and bottom line
▼ + stars: | 2022-10-19 | 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 EmailProcter & Gamble earnings beat expectations on the top and bottom lineJon Moeller, Procter and Gamble chairman, president and CEO, joins 'Squawk Box' to discuss the company's quarterly earnings results, if Moeller is lowering any sales guidance and more.

☆ Jim Cramer makes the bull case for consumer goods stocks
▼ + stars: | 2022-10-19 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday told investors to consider adding shares of well-established consumer packaged-goods companies to their portfolios. "Nobody's championing what actually works: these old-line consumer packaged-goods names that we all know," he said. Cramer highlighted three companies' most recent quarterly results as examples of why investors should have such stocks on their shopping lists:"I bet we get something similar from Bristol-Myers , Coca-Cola and Eli Lilly [when they report earnings]," he said. Cramer also reiterated two points that he's made throughout this year: invest in boring companies with solid balance sheets and avoid money-losing companies that will likely struggle in a recessionary environment. Disclaimer: Cramer's Charitable Trust owns shares of Procter & Gamble, Johnson & Johnson and Eli Lilly.

☆ Investors' cash pile is the largest in 21 years. Here's what that means and why it could signal a rally is on the way in 2023.
▼ + stars: | 2022-10-19 | by ( Max Adams | ) www.businessinsider.com time to read: +5 min

There's a massive amount of cash on the sidelines right now as markets suffer through extreme bouts of volatility and investors remain skittish. Investors' cash pile is the largest since April 2001. Which bring us to the next part of BofA's prediction — that this cash pile will fuel a rally in 2023. I-Bonds have gained immense popularity this year given deeply negative stock market returns and high inflation. Just three weeks away, the elections will still likely have implications for areas of the stock market.

☆ Morning Bid: Earnings vs Rates
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +5 min

Oct 19 (Reuters) - A look at the day ahead in U.S. and global markets from Mike Dolan. Market tension is building between surprising positivity still coming from the unfolding corporate earnings season and the anxiety in interest rate markets and macro gloom. But earnings may be just a rearview mirror of the economy and the inflation and interest rate backdrop showed little sign of improvement across the western economies. U.S. 10- and 30-year bond yields were now both above 4% this week for the first time in 12 years. Oil prices steadied after Tuesday's slide amid reports U.S. President Joe Biden plans to release more of the Strategic Petroleum Reserve.

☆ Engine No. 1 held talks with Coca-Cola on new recycling initiatives - source
▼ + stars: | 2022-10-18 | by ( Shashwat Awasthi | Byron Kaye | ) www.reuters.com time to read: +1 min

1 has held talks with Coca-Cola Co (KO.N) about steps the soda giant could take to ramp up recycling of its cans and bottles, a source familiar with the matter told Reuters on Tuesday. 1 partner responsible for getting three seats at Exxon, brought the Coca-Cola idea to Engine No. 1 from Jana Partners where he had been researching it, another source told Reuters. 1 has suggested a partnership between Coca-Cola and garbage collection and recycling company Republic Services Inc (RSG.N), in which Engine No. Coca-Cola and Republic did not respond to Reuters requests for comment.

☆ Wall Street rally throws spotlight on reports from Tesla, Netflix
▼ + stars: | 2022-10-18 | by ( Noel Randewich | ) www.reuters.com time to read: +3 min

Monday's major rally on Wall Street was just the latest in an unusually volatile year. Shares of Tesla jumped 7%, with the electric vehicle maker's report late on Wednesday set to be one of this week's main attractions. Wall Street's most heavily traded stock, Tesla has tumbled over 17% since Oct. 2, when it disclosed third-quarter vehicle deliveries that missed estimates as logistical challenges overshadowed its record deliveries. Analysts worried about a deteriorating global economy have slashed their quarterly earnings outlooks. Netflix reports on Tuesday, with analysts expecting revenue to grow just 5% year/year, its lowest quarterly increase ever, according to Refinitiv.

☆ Premarket stocks: The strong dollar has an unexpected victim
▼ + stars: | 2022-10-18 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

New York CNN Business —The strong dollar has been a headwind for blue chip US companies in the Dow and S&P 500 this year. And the Russell 2000, another index of mostly smaller companies, is down 25%, too. Also, the dollar is so strong — the US Dollar Index, which tracks the greenback against the euro, pound, yen and several other currencies has soared 18% this year — it’s making foreign imports cheaper. But real estate stocks have been slammed by worries about a housing and office real estate slowdown. And multinational companies and foreign stocks will fare more poorly than smaller companies with little to no international exposure.

☆ This startup helps Microsoft and P&G make their products more sustainable. Check out the 14-slide pitch deck Makersite used to raise $17.5 million.
▼ + stars: | 2022-10-18 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

A startup that helps companies build more sustainable products just raised $17.5 million. We got an exclusive look at the 14-slide pitch deck it used to raise the Series A round. A German startup that enables companies to assess the sustainability of their products before going to market just landed 18 million euros (around $17.5 million) in its first institutional raise. Makersite uses AI to create software-based replicas of product designs using technology known as digital twins. Check out the 14-slide pitch deck Makersite used to raise the fresh funds below.

☆ Procter & Gamble Ups Marketing to Persuade Consumers on Pricier Products
▼ + stars: | 2022-10-17 | by ( Sharon Terlep | ) www.wsj.com time to read: 1 min

Inflation is testing Americans’ loyalty to Procter & Gamble biggest brands, but the maker of Tide detergent, Pampers diapers and Gillette razors is betting it can persuade shoppers to keep paying up. The world’s biggest maker of consumer products is rolling out star-studded ad campaigns and new product features, from drip-proof soap bottles to extra-absorbent paper towels, hoping to keep cash-crunched consumers from switching to cheaper brands.

☆ Procter & Gamble Bets Inflation Won’t Push Shoppers to Trade Down
▼ + stars: | 2022-10-17 | by ( Sharon Terlep | ) www.wsj.com time to read: 1 min

☆ 3 of our stocks, including J&J, report earnings this week. Here's what we'll be watching
▼ + stars: | 2022-10-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

Here's how we're thinking about J & J, P & G and Danaher heading into their prints, along with Wall Street estimates provided by Refinitiv. When reporting its second quarter, back in July , J & J took down its full-year profit outlook due to currency headwinds. In late September, J & J announced that Kenvue would be the name of the standalone consumer health company. Plus, J & J is a classic defensively oriented stock. The Johnson & Johnson logo is displayed outside the company's headquarters in New Brunswick, New Jersey, Aug. 1, 2020.

☆ What Cramer is watching Monday — BofA nice beat and my informal poll says people hate the market
▼ + stars: | 2022-10-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

WFC price target hikes at BMO Capital and Piper Sandler. Citi lowers price target on American Airlines (AAL) to $15 per share from $16. Mizuho cuts price target on Dow Inc. (DOW) to $46 per share from $62, pricing is falling apart. RBC Capital cut price target on Datadog (DDOG) to $105 per share from $125, getting more conservative. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Earnings playbook: How to trade a big week of results including Netflix and Goldman Sachs
▼ + stars: | 2022-10-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +13 min

Tuesday Johnson & Johnson is set to report earnings in the premarket, followed by a call at 8:30 a.m. What history shows: FactSet data shows Johnson & Johnson has beaten earnings expectations every quarter since 2011. Goldman Sachs is set to report earnings before the market open. Netflix is set to report earnings after the bell, followed by a conference call between management and analysts at 6 p.m. What history shows: American Airlines has beaten earnings expectations 89% of the time over its history, according to Bespoke.

☆ Tesla investors try to ignore Musk's many distractions
▼ + stars: | 2022-10-16 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

While that’s good news for Twitter’s long-suffering shareholders, Tesla investors hope he still has some time for them. There are big challenges in China as well, with Tesla going up against homegrown EV rivals like Nio (NIO), Xpeng and Li Auto. Too many distractionsGary Black, managing partner at the Future Fund and a Tesla shareholder, has been tweeting for the past few weeks that concerns about Twitter are a headache for Tesla investors. In one tweet, Black said there are several problems for Tesla due to Twitter. The underwhelming deliveries and production numbers also underscore how a slowing global economy (and possible recession) could hurt Tesla.

☆ How obscure government documents foreshadowed divorce for Kanye West, Marjorie Taylor Greene, and Madison Cawthorn
▼ + stars: | 2022-10-16 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +9 min

Republican Rep. Marjorie Taylor Greene of Georgia, for one, puts her marriage first among her qualifications for elected office. "Marjorie Taylor Greene is a conservative wife, mother of three, a successful business woman and job creator. (Marjorie Taylor Greene, too, has sometimes herself invested in companies that clash with her social sensibilities.) Months later, Cawthorn would reveal in his annual personal financial disclosure that he and Bayardelle, despite their splashy nuptials, had never pooled their finances or jointly owned reportable assets. From billionaire to billionaire, Michael Bloomberg could teach Kanye West a lesson about how to hide one's personal finances when running for president.

☆ Stock futures rise slightly after a rollercoaster week
▼ + stars: | 2022-10-16 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Stock futures edged higher in overnight trading Sunday as investors awaited big earnings reports to roll in. S&P 500 futures and Nasdaq 100 futures both inched 0.3% higher. The S&P 500 just came off its fourth negative week in five with a 1.6% loss last week. JPMorgan and Wells Fargo reported solid results last week, while Morgan Stanley's equity trading revenue disappointed. Johnson & Johnson, United Airlines, AT&T, Verizon and Procter & Gamble are other big companies on investors' radar.

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