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☆ UBS sees a rally in these bank stocks ahead as bank crisis appears contained
▼ + stars: | 2023-03-31 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Several bank stocks appear ready to rebound in April as the failure of Silicon Valley Bank fades from investors' minds, according to UBS. UBS analyst Erika Najarian said in a note to clients that the next step could be a rebound for bank stocks. Thus, we see the stage setting for a rally into earnings," Najarian said. Two of the stocks that UBS highlighted were Comerica and Western Alliance , which are down about 38% and 52%, respectively, in March. WAL 1M mountain Western Alliance is one of many regional bank stocks that has struggled in March.

☆ Goldman Sachs says buy oil-stock pullbacks, highlighting a Club name to purchase
▼ + stars: | 2023-03-23 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Goldman Sachs said in a research note Thursday the recent energy sector pullback should be viewed as a reason to buy since that strategy has worked well since late 2020. West Texas Intermediate crude and energy stocks have been under intense pressure in recent weeks on the back of heightened recession fears. Based on that criteria, Goldman has Pioneer Natural Resources (PXD) on its "Americas Conviction List" with a buy rating. Recognizing the ups-and-downs of owning energy stocks, we still believe they should be part of any diversified portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Piper Sandler did a deep analysis of banks and says these are the ones to buy on the dip
▼ + stars: | 2023-03-22 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The repercussions from the ongoing banking crisis will take some time to play out, but Piper Sandler has names for investors to start sorting through among the wreckage. Even so, banks are dealing with tightening lending standards and rising costs that will continue to weigh on the sector. Still, some banks with strong deposit and liquidity characteristics can help investors find safe harbor, according to Piper Sandler. Here are three overweight-rated, mid-cap bank stocks that Piper Sandler highlighted: The analysts named SouthState Corporation to their list, saying they have confidence in the bank's ability to outperform peers because of its "strong low-cost, core deposit base." First Interstate BancSystem was named to the list because of its lower cost deposit base, its relatively insulated location, and its strong dividend yield.

☆ Ken Griffin's hedge fund Citadel takes a 5% stake in Western Alliance Bancorp amid banking turmoil
▼ + stars: | 2023-03-14 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Billionaire investor Ken Griffin's hedge fund Citadel has taken a 5.3% stake in Western Alliance Bancorp amid turbulence in the banking sector after Silicon Valley Bank's collapse, according to a regulatory filing released Monday . The hedge fund owns thousands of individual stocks and often trades in and out of positions quickly. WAL 5D mountain Western Alliance Bancorp The bank stock rallied more than 40% Tuesday following a 47% sell-off on Monday. On Monday, Western Alliance said it saw only "moderate" outflows , and its cash reserves exceed $25 billion. The hedge fund soared a whopping 38% in 2022, marking the firm's best year ever.

☆ A worse-than-expected recession will cause the price of homes in overvalued markets to fall 20% this year — and these 3 cities are most at risk
▼ + stars: | 2023-02-09 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

Here are three cities where properties are overvalued and could drop by 20%. "I think it's going to continue to be a rolling recession, of which housing has already started." Many pundits expect that to change, and some are predicting that US home prices will plunge 20% in 2023. How much home values fall depends both on how long and painful the upcoming recession is and what market they're in, Polcari said. "In some parts of the country that got really overexaggerated, you could see those prices come in 20%," Polcari said.

☆ It's official: Remote work is going to make it easier to buy a home
▼ + stars: | 2023-01-04 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

Remote work pushed housing trends into warp speedIn some ways, the pandemic's housing shifts were a long time coming. The shift to remote work also hastened many people's desire for more space. Across the country, remote workers chose to part ways with roommates or seek out larger homes. Elon Musk asserted his authority at Twitter by putting an end to remote work. On the other hand, as my colleague Aki Ito previously argued, a recession could further ingrain remote work as employers look to cut spending on real estate.

☆ As tech companies pull back on spending, big office holiday parties are on the chopping block
▼ + stars: | 2022-12-22 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Apparently, some tech workers are also missing their companies' holiday festivities — but not because they're bopping around in the Mountain West. As tech companies pull back on spending, big office holiday parties are on the chopping block. Cost-cutting is coming for startups — and big office holiday parties are first on the list. For startup founders and venture capitalists, the office holiday party is a December tradition. But this year, holiday parties in startup-land look a little different.

For the past three cycles, chair of the Democratic Congressional Campaign Committee, a leadership post, had been elected by rank-and-file Democrats. But members recently voted to reinstate a rule that gives the party’s leader the power to select the chair, putting the decision in Jeffries’ hands. House Republicans last month elected Richard Hudson of North Carolina as their campaign chief for the 2024 cycle. We went 35-4 in the front-line races.”But several Democrats think a different approach is needed, and they are urging Jeffries to look outside the Democratic Caucus. “It should be someone who can really campaign well, who is familiar with the process and dynamics of the House.

☆ 'Yellowstone' prequel '1923' trailer released, starring Harrison Ford and Helen Mirren
▼ + stars: | 2022-11-28 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +2 min

CNN —Fans of the TV blockbuster “Yellowstone” are in for a treat after Paramount + released a preview of the upcoming prequel “1923” – starring Harrison Ford and Oscar-winner Helen Mirren. The much-anticipated “1923” follows on the success of another “Yellowstone” spinoff – “1883” – which stars real-life spouses Tim McGraw and Faith Hill, along with Sam Elliott. It tells the story of how the family came to own Yellowstone ranch. Speaking with an Irish accent, Mirren, 77 – who won an Academy Award in 2006 for her role in “The Queen” – looks set to be a formidable opponent for those trying to take over her family’s land. In one scene in the trailer, she warns: “Men kill quick with a bullet or a noose.

☆ Don Jr. missed Trump's 2024 campaign launch because he was hunting and couldn't get a flight, report says
▼ + stars: | 2022-11-16 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

Former President Donald Trump launched his 2024 bid at Mar-a-Lago on Tuesday night. His eldest son, Donald Trump Jr., was notably absent despite being a major supporter. Former President Donald Trump formally launched his 2024 bid for the Republican nomination at his Mar-a-Lago resort in Florida on Tuesday evening. Don Jr. tweeted clips of his father's campaign announcement on Tuesday evening, and his fiancée, Kimberly Guilfoyle, was at the launch party in Mar-a-Lago. Kushner did attend the presidential campaign launch on Tuesday night.

☆ A housing economist shares estimates of where mortgage rates will be by the end of this year and next — and lists the states that may see the most price corrections.
▼ + stars: | 2022-11-04 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

The majority of forecasters estimate mortgage rates will peak at 6.8 to 6.9%. Idaho, Utah, Nevada, Arizona, and Texas may see the most price corrections in housing prices. The hawkish approach has significantly increased anticipated mortgage rates for this time of year, she noted. The good news is, there's a low probability that mortgage rates will peak above 7%, she said. So I think that is always the one segment of the housing market one has to be a little bit more cautious about."

Across the United States, cases of respiratory syncytial virus, or RSV, and influenza are increasing. Influenza activity continues to increase in the US – the number of flu illnesses, hospitalizations and deaths so far this season nearly doubled in the past week. RSV cases are also increasing nationally, although there are regional differences in the circulation of these viruses, Romero said. In the South and Mountain West, RSV cases appear to have peaked in October. There are signs that RSV cases are slowing in the southern region of the US, but test positivity rates and cases continue to rise in other regions, especially the Midwest.

☆ America's 'Zoomtowns' are running out of water
▼ + stars: | 2022-10-24 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +11 min

Remote workers aren't just driving up housing prices but also adding more of a burden to already water-strapped regions. Running out of waterAmerica's water crisis, which has been bubbling for years, has become dire. The lack of fresh snow means that less water makes its way into the river and its massive reservoirs — Lake Mead and Lake Powell — upon which the region depends for water. They found that statewide COVID-19 stay-at-home orders triggered "significant increases" in residential water consumption — a trend the researchers attributed, in large part, to remote workers. While population growth does increase water usage, it's (pardon the pun) a drop in the bucket of the bigger-picture crisis.

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