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☆ JPMorgan upgrades Cinemark, says now is the time to buy after a recent sell-off and 'Avatar' success
▼ + stars: | 2023-01-12 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

A sell-off in Cinemark coupled with the success of the latest installment in the "Avatar" franchise makes now a great time for investors to snap up the stock, according to JPMorgan. JPMorgan upgraded Cinemark to overweight from neutral and kept its $15 price target, which implies a more than 57% upside from where the stock currently trades. JPMorgan also now has a greater degree of confidence in their 2023 North America box office forecast and sees a continued recovery in movie supply. More stability in this industry model should help benefit Cinemark and push its multiple back towards pre-pandemic levels, according to JPMorgan. Of course, there are still some risks on the horizon that could lead to near-term pressure on the shares, such as was seen with the recent sell-off.

☆ Buy these 15 high-quality stocks that will beat the market as a recession strikes in the next 6 months, according to Bank of America
▼ + stars: | 2023-01-12 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Bank of America sees limited gains for US stock indexes in 2023 as a recession begins. Inflation could also stay high for longer than expected, which would hurt growth stocks. He believes that the growth stocks that led the market in the previous decade will take a backseat to value names and smaller stocks in the coming years, especially if inflation persists. Since indexes like the S&P 500 are disproportionately weighted towards large growth stocks, such a shift could lead to rough years for benchmarks and funds that track them. "History suggests flat, volatile returns for crowded, large cap benchmarks," Woodard wrote.

☆ Buy these 16 oversold stocks that should become winners in a painful earnings season for markets, according to Wall Street firm Evercore
▼ + stars: | 2023-01-10 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

Julian Emanuel at Evercore says stocks performed very well over the last two quarters. However, he says oversold, steady-earning stocks could still trade higher after earnings. Investors won't walk away from 2022 with a lot of happy memories, but Julian Emanuel of Evercore ISI says there were two surprisingly positive periods for stocks in an otherwise difficult year. The reason, he wrote, is because investors thought things might get even worse, and stocks and bonds were both oversold as a result. But he doesn't think that will happen again, which means he thinks this earnings season will be harder to endure.

☆ Amazon 'Thursday Night Football' audiences fell short of estimates by 25%, and the tech giant is scrambling to make it up to advertisers
▼ + stars: | 2023-01-10 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Amazon is working to make advertisers whole after "Thursday Night Football" audiences fell short. Amazon has been scrambling to make advertisers whole for its "Thursday Night Football" broadcasts on Prime Video after audiences fell short of estimates, according to ad agency sources. For the 14-game season, "TNF" on Prime Video averaged 9.6 million viewers, according to Nielsen data shared by Amazon Monday. "TNF" viewership on Prime Video had a median age of 47, according to Amazon — 7 years younger than the NFL average on linear TV. But advertisers are likely to give Amazon a pass overall, given this was the first season for a streaming-only "TNF."

Both are legacy issues from Monsanto, which Bayer acquired for more than $60 billion in 2018. Another activist, Elliott, took a 1.1 billion euro stake in Bayer in 2019 but has kept a low profile. The next-generation blood thinner is one of four new drug hopefuls that Bayer said on Tuesday had combined peak sales potential of more than 12 billion euros. That included an improved outlook for kidney drug Kerendia, with potential annual sales now seen at more than 3 billion euros. ($1 = 0.9313 euros)Reporting by Ludwig Burger and Patricia Weiss Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Bank of America unveils the most 'attractive' must-own stocks for 2023
▼ + stars: | 2023-01-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America analysts said this week there are several stocks every investor must own for 2023. CNBC Pro combed through Bank of America research to find its top stocks to own this year. Bank of America says China reopening is a positive catalyst likely to send Starbucks shares higher. Shares are up more than 25% over the last six months and Bank of America calls Tapestry one of its best ideas for 2023. Tapestry "Tapestry remains a top pick given our view of its sustainable pricing power and solid capital return plan.

☆ Tesla ≠ Apple. Elon Musk ≠ Steve Jobs. Cars ≠ iPhones.
▼ + stars: | 2023-01-06 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

I'm Diamond Naga Siu, and today, we're looking at where tech workers are getting hired. Startups and Big Tech have major cultural differences, according to some startup founders. My colleague Rebecca Knight and I found that tech jobs remain abundant — they just aren't necessarily in the tech industry. Elon Musk ≠ Steve Jobs. Many industry experts are quick to compare Tesla to Apple and Musk to Jobs.

Jan 6 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. The deepening gloom surrounding the Fed and its 'higher for longer' stance on interest rates will surely spread to Asia - likely soon, depending on how the latest U.S. employment data pans out. Watch foreign exchange markets, too - the dollar is up 1.5% so far this week, on course for its best week since September. Of course, a higher dollar, rising U.S. Treasury yields and tighter U.S. financial conditions is never a good mix for emerging markets. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

It absolutely is,” said former Rep. Mick Mulvaney, R-S.C., a co-founder of the House Freedom Caucus, home to the rebels. It foreshadows more divisions in the narrow House majority, which will have to compromise with a Democratic-controlled Senate and President Joe Biden to keep the government functioning and avert economic crises. 2 GOP Rep. Steve Scalise of Louisiana pleaded with colleagues to support McCarthy so the House could begin to advance conservative goals like bolstering border security and energy independence. But we can’t start fixing those problems until we elect Kevin McCarthy as our next speaker,” he said on the floor. “This is going to be everyday in the House Republican majority,” Sen. Chris Murphy, D-Conn., said on Twitter.

☆ Impactive Capital nominates four directors to Envestnet's board
▼ + stars: | 2023-01-04 | by ( Anirban Sen | ) www.reuters.com time to read: +2 min

Impactive Capital, which holds a 7.5% stake in Envestnet, nominated two men and two women, including its co-founder Lauren Taylor Wolfe, to Envestnet's board. Impactive Capital said it unveiled the challenge to Envestnet after its attempt to negotiate just one spot on the company's board for Wolfe was unsuccessful. In its statement, Impactive Capital cited poor profit margins and bad capital allocation among the reasons for Envestnet's underperformance. It also said Envestnet's management and board directors were overpaid and that the company should improve its corporate governance by putting all of its directors up for election every year. Impactive Capital, which was founded by Taylor Wolfe and Christian Asmar, oversees $2.7 billion in assets.

A majority of the 10 global asset and hedge fund managers surveyed by Reuters said commodities are undervalued and should thrive as global inflation stays elevated in 2023. Preqin said just 915 hedge funds were launched in 2022, the lowest in 10 years. "It's the perfect environment for macro hedge funds: central bank policy divergence, interest rate differentials, geopolitical tension, bottlenecks and each country on its own. Macro hedge funds led the industry performance through November, according to financial data firm HFR, up roughly 8%. Lyons is keen to allot more to macro hedge funds and also thinks there are good opportunities in corporate credit.

☆ 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.

☆ 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.

☆ Land & Buildings spots a chance to build value in a real estate play with Six Flags
▼ + stars: | 2022-12-31 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

It invests in deeply discounted real estate in the public markets and select corporate engagements. Land & Buildings ("L&B") is a real estate focused investor, and this is primarily a real estate play. In its analysis, L&B assumes a 7.25% cap rate and a $2.8 billion value for the real estate. Without stabilizing operations, the real estate strategy can only create so much shareholder value. However, optimizing attendance and stabilizing operations will magnify any value created by the real estate strategy.

☆ China’s Covid Easing and Policy Pivots Brighten Outlook for Stocks
▼ + stars: | 2022-12-30 | by ( Weilun Soon | ) www.wsj.com time to read: 1 min

The clouds over Chinese stocks are clearing after two years of steep losses. The MSCI China Index, which tracks Chinese companies listed in the U.S., Hong Kong and the mainland, dropped 24% in the year through Dec. 29, after declining by a similar magnitude in 2021. That caps one of the longest periods of underperformance for stocks from the world’s second-largest economy, which has been weighed down by its Covid-19 restrictions, a real-estate downturn and regulatory crackdowns in the private sector.

☆ Don't overpay for prescriptions—even well-marketed ones
▼ + stars: | 2022-12-29 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

In times when I felt otherwise unappealing, my hair was always there — thick, coifed and widow's peaked. So at the very first signs my hairline was receding in my mid-20s, I started taking a drug to stop it. In the years since I began preempting my hair loss, a handful of companies have begun marketing to people with similar anxieties to mine. All boast well-designed websites, discreet packaging and messaging providing reassurance that your thinning hair or sexual underperformance can be treated without the awkwardness of seeing your doctor. Had they been around at the time, these are companies I likely would have signed up with.

☆ China is rolling back much of its Covid controls. That could spell a buying opportunity for these stocks
▼ + stars: | 2022-12-28 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

A reopening in the world's second-largest economy could spell a buying opportunity for investors as China unwinds much of its Covid restrictions. Investors have taken the recent developments as a signal to start snapping up China equities. What's more, they say that Chinese equities are cheap on a historical basis, and cheap compared to their emerging market peers. This month, Morgan Stanley said that Chinese equities have a "steep climb" after their underperformance during the pandemic. Yum China is the fourth-largest position in the Thornburg Developing World Fund (THDAX) , which has a roughly 29% allocation to China.

☆ Investor Kari Firestone: A murky year looms ahead for investors. This is how they should proceed in 2023
▼ + stars: | 2022-12-28 | by ( Karen Firestone | ) www.cnbc.com time to read: +6 min

Seriously, this is not where I thought we would be: The 3,800 level on the S & P 500 at the end of December 2022. If you listen to pundits, almost all are in dour agreement about a poor 2023 market . The table below shows all the years since 1960 when the S & P 500 fell at least 10%. In six of the 10 years following a 10% decline, the average increase in the S & P 500 was 17.5%. The S & P 500 index is down 20% for the year, the equal-weighted S & P 500 is off by about 13%, multiples have compressed, and sentiment is highly negative – that's bullish.

☆ Clean energy shares underperformed in 2022
▼ + 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 EmailClean energy shares underperformed in 2022CNBC's Pippa Stevens joins 'Squawk on the Street' to discuss underperformance in clean energy stocks, rising rates offsetting alternative energy tailwinds and stand out stocks in the clean energy market.

☆ Michael Farr: These are 2023's top stock picks for what could be a rocky year
▼ + stars: | 2022-12-27 | by ( Michael K. Farr | ) www.cnbc.com time to read: +17 min

Regarding the cloud, AMZN's Web Services business is the market leader in cloud infrastructure services. Moreover, the scale of AMZN's web services business provides many cost advantages as very few companies can compete with AMZN's investment spend and first-mover advantage. Over the long term, we would expect MDLZ to generate double-digit total returns, consisting of high-single digit EPS growth and the 2.3% dividend. There is a long runway remaining for cloud growth as companies slowly deal with legacy investments that still drive value but are not cloud-based. Management remains committed to its goal of high single-digit EPS growth in 2023, followed by sustained double-digit growth in 2024 and beyond.

☆ The Nasdaq had its worst year since 2008. These are the best and worst performers and what to expect in 2023
▼ + stars: | 2022-12-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +9 min

2022 brought an end to an impressive bull run for technology — and the worst year for the Nasdaq Composite since 2008. Energy stocks, meanwhile, found favor in investors' portfolios, as did healthcare and financials. Given this outlook, CNBC examined some of the worst and best-performing stocks in the Nasdaq 100 this year. Energy stocks Energy won 2022, benefitting from volatile oil prices triggered by the war in Ukraine. Meta Platforms was the worst-performing FAANG name, and one of the poorest-performing Nasdaq stocks.

☆ A China ‘spending boom?’ Your guide to emerging market investing in 2023
▼ + stars: | 2022-12-26 | by ( Fred Imbert | ) www.cnbc.com time to read: +9 min

"We're going to have a spending boom in China, at least in the first half of the year," said Mehran Nakhjavani, emerging market strategist at MRB Partners. How to play emerging markets in 2023 Regardless, there are several ways for investors to get exposure to emerging markets. Perhaps the easiest way is by investing in the iShares MSCI Emerging Markets ETF (EEM). Another vehicle through which to play emerging markets is the First Trust Emerging Markets Small Cap AlphaDex ETF (FEMS) . The fund is the best-performing emerging markets ETF this year, according to Morningstar, with a year-to-date return of just over 1%.

☆ Goldman Sachs unveils its top buy-rated stocks for 2023
▼ + stars: | 2022-12-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs analysts have revealed their favorite stocks to buy for 2023. CNBC Pro combed through top Goldman research to find the bank's top picks heading into next year. They include: Amazon, Weyerhaeuser, Boeing, Chipotle, Humana and Bath & Body Works. Shares are up about 40% over the past six months, and they have more room to run in 2023, he said. Chipotle Chipotle is down 19% this year, but analyst Jared Garber said the stock is greatly undervalued heading into 2023.

He promises not to let that happen again, insisting he will “actively look for quality candidates” to promote in the 2024 primaries. “In the other states, Trump’s support was so significant — we could have spent a lot of money, maybe trying to come up with a different candidate and maybe not succeeding,” he said. And yet, it's Senate Majority Leader Chuck Schumer, D-N.Y. — not McConnell — who's radiating confidence about winning the majority in 2024. He also spent large parts of 2022 feuding over strategy with Sen. Rick Scott of Florida, the GOP Senate campaign chief. Then Senate Majority Leader Mitch McConnell, R-Ky., and then President Donald Trump at the U.S. Capitol, on Oct. 24, 2017.

☆ Here's what Wall Street analysts had to say after Micron's disappointing earnings report
▼ + stars: | 2022-12-22 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Micron Technology reported surprisingly weak quarterly results, raising concern among Wall Street analysts. On Wall Street, many analysts say the stock remains a buy, though they expect the semiconductor name will still face challenges ahead. His $65 price target implies the stock can jump more than 26%. The analyst reiterated a hold rating, as well as a $55 price target that implies 7% upside from Wednesday's closing price. He lowered his price target to $46, down from $49, implying shares could fall another 10% from Wednesday's closing price.

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