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☆ Meta needs to see top-line reacceleration, says Truist's Youssef Squali
▼ + stars: | 2023-04-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta needs to see top-line reacceleration, says Truist's Youssef SqualiYoussef Squali, Truist Securities global head of internet and media research, joins 'The Exchange' to discuss Meta's upcoming Q2 earnings report, Meta's plans to monetize reels, and Google's loss of market share to Microsoft.

☆ Truist's Will Stein on the firm's downgrade of Tesla
▼ + stars: | 2023-04-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTruist's Will Stein on the firm's downgrade of TeslaWill Stein, Truist Securities, joins 'Closing Bell' to discuss Truist downgrading Tesla to a hold from a buy.

☆ Amazon's fundamentals remain strong despite cloud slowdown: Truist's Youssef Squali
▼ + stars: | 2023-04-13 | 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 EmailAmazon's fundamentals remain strong despite cloud slowdown: Truist's Youssef SqualiTruist Securities' Youssef Squali, joins 'Squawk on the Street' to discuss Amazon's layoff, short-term headwinds from a slowdown in Amazon Cloud Services, and the reasons for his buy rating and target.

Retail traders are beginning to buy the dip in some financial stocks that were hit hard during the banking crisis, according to JPMorgan. Strategist Peng Cheng said in a note to clients Wednesday evening that, while retail traders are pulling back from individual stocks in general, two financial names are surprisingly popular: Charles Schwab and Truist . "At the single stock level, retail traders net sold -$1.8B this past week. However, half of Wall Street analysts who cover Truist have a hold rating on the stock, according to Refinitiv. The majority of analysts who cover Schwab have a buy or strong buy rating on the stock, according to Refinitiv.

☆ Truist's Keith Lerner says he expects market sell-off amid earnings season
▼ + stars: | 2023-04-13 | 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 EmailTruist's Keith Lerner says he expects market sell-off amid earnings seasonRBC Capital’s Amy Wu and Truist’s Keith Lerner, join 'Closing Bell: Overtime' to discuss market moves and earnings expectations.

☆ Earning numbers coming down will make markets more expensive, says Truist's Keith Lerner
▼ + stars: | 2023-04-06 | 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 EmailEarning numbers coming down will make markets more expensive, says Truist's Keith LernerKeith Lerner, CFA at Truist, joins 'Closing Bell' to an S&P earnings rebound, the employment report, and the Fed pivoting on its rate plan.

☆ Stock futures are flat on Monday evening: Live updates
▼ + stars: | 2023-03-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures inched higher in overnight trading after the S&P 500 posted its third positive session in a row and banking sector concerns continued to ease. Meanwhile, S&P 500 and Nasdaq 100 futures added 0.11% each. Investors fought to extend last week's gains, but tech shares came under pressure. The Dow Jones Industrial Average added 194.55 points, or 0.6%, while the S&P 500 gained 0.16%. Beaten-up regional banking stocks, including First Republic , climbed along with the SPDR S&P Regional Banking ETF (KRE ).

☆ Watch CNBC’s full interview with Truist's Keith Lerner
▼ + stars: | 2023-03-20 | 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 EmailWatch CNBC’s full interview with Truist's Keith LernerKeith Lerner, Truist, joins 'Closing Bell' to discuss the trading day and sectors he's looking at for his portfolio.

☆ Watch CNBC's full interview with Trivariate's Adam Parker, Crossmark's Victoria Fernandez and Truist's Keith Lerner
▼ + stars: | 2023-03-01 | 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 EmailWatch CNBC's full interview with Trivariate's Adam Parker, Crossmark's Victoria Fernandez and Truist's Keith LernerTrivariate Research Founder and CEO Adam Parker, Crossmark's Victoria Fernandez and Truist's Keith Lerner join 'Closing Bell' to discuss the risk of a position disconnect and bonds becoming an attractive alternative to equities.

☆ U.S. travel companies experience high demand but economic worries cloud outlook
▼ + stars: | 2023-02-24 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +3 min

NEW YORK, Feb 24 (Reuters) - Fears of recession and the impact of inflation on consumer budgets could curb a rebound in travel demand reported by U.S. travel companies in the fourth quarter, although bookings are holding up so far this year, analysts said. U.S. travel spending in December 2022 totaled $97 billion, 3% above 2019 levels and 7% above 2021 levels, according to the U.S. Travel Association. The demand contrasts with declining home improvement sales and other discretionary purchases that have hurt furniture stores and retailers like Home Depot. International travel spurred demand growth for Airbnb and Marriott International Inc (MAR.O) in the fourth quarter. Group bookings are still down 15% compared to pre-pandemic levels, while headwinds in several industries continue to affect business travel, said Truist's Scholes.

☆ Stock futures inch higher as investors brace for Fed minutes: Live updates
▼ + stars: | 2023-02-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Stock futures rose slightly in overnight trading as Wall Street braced for the Federal Reserve's latest meeting minutes and more insight on the central bank's future hiking agenda. Shares of Palo Alto Networks popped after the bell as the cybersecurity company lifted its earnings forecast for the year. Meanwhile, futures linked to the S&P 500 inched 0.12% higher, and Nasdaq 100 futures gained 0.16%. Mounting concerns that the Federal Reserve will continue hiking rates spooked investors during regular trading Tuesday and pushed stocks to cap off their worst day of 2023. Investors will scour the results for insight into the central bank's future rate hiking path and its recent 25 basis point increase.

☆ Household budgets are shredded: These stocks will benefit as consumers trade down to store brands
▼ + stars: | 2023-02-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +12 min

Shoppers are largely creatures of habit, but after two years of rising prices, a broader shift to private label brands is underway. 'A tailwind' for private label That is good news for store brands, otherwise known as private label. Yet the biggest pure play on private label brands is Treehouse Foods , Chappell said. "That's where you're going to see them lean into store brands," said Mary Ellen Lynch, principal of IRI's center store solutions. Americans forced to trade down due to supply chain constraints found store brands they enjoyed, she said.

☆ Analysts bail on Lyft after latest earnings, say Uber is cementing its place as leader
▼ + stars: | 2023-02-10 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Lyft shares fell more than 30% during Friday premarket trading as traders weighed a weaker-than-expected forecast from the ridesharing company in its most recent earnings report. LYFT 1D mountain Lyft shares tumble For market observers on Wall Street, that was hardly a good enough explanation. As of Thursday's close, Lyft shares jumped more than 47%, following a 74% drop in 2022. While the analyst did not have a price target available, his previous target in January was $24 for the stock. Lastly, Loop Capital's Rob Sanderson downgraded Lyft to hold from buy, and dropped the price target to $10 from $17.

☆ 8 investments to make now as the Federal Reserve risks a recession by going 'way overboard' in raising interest rates, according to 7 top economists and strategists
▼ + stars: | 2023-02-02 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Since March, Rosenberg has warned that by trying to crush inflation, the Fed would inadvertently kill the economy as well. "I think that the odds now are that it's going to be more severe than people think because the Fed has gone way overboard," Rosenberg said of a recession. The contrarian view: With inflation falling, a recession is no guaranteeHowever, not every strategist thinks that a recession is a sure thing. But what I think we can see is the Federal Reserve is overdoing it and eventually, the Fed will have to cut rates." Fittingly, Parker's bets are contingent on his view that the US economy won't suffer from a severe recession.

☆ Stocks making the biggest moves midday: Goldman Sachs, Morgan Stanley, Roblox, Alibaba and more
▼ + stars: | 2023-01-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Goldman Sachs — Shares of the Wall Street investment bank shed more than 7% after it reported its worst earnings miss in a decade. Morgan Stanley — The bank stock jumped 6% after the firm reported fourth-quarter earnings that exceeded Wall Street expectations. CEO James Gorman said he's more confident on the markets than the rest of Wall Street, seeing a return of deal-making as soon as the Federal Reserve stops hiking interest rates. Global Payments – Shares rose 3.2% after Morgan Stanley upgraded the company to buy, saying that the upcoming environment will favor incumbents and help shares gain. Citizens Financial Group — The bank stock slipped 2.3% despite posting solid quarterly that met Wall Street's expectations.

☆ Wall St Week Ahead Stock swoon resets valuations but recession risk, rates cloud outlook
▼ + stars: | 2023-01-06 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The S&P 500 tumbled 19.4% in 2022, as the Federal Reserve's aggressive rate hikes designed to tamp down 40-year high inflation punished asset prices. The market's 2022 slide cut the ratio of price to forward earnings estimates to around 17 from about 21.7 a year ago, according to Refinitiv Datastream. S&P 500 forward price-to-earnings ratio over timeValuations may still be too high if a recession comes to pass, as many on Wall Street expect. Combined with an expectation of weakening earnings estimates, that would lower the S&P 500 to 3,200, UBS said, roughly 16% below current levels. The 2022 surge in interest rates also could undermine stock valuations by making relatively safe assets like U.S. Treasuries more attractive alternatives.

☆ Buy these broadband operators after valuations took a hit, Truist says
▼ + stars: | 2023-01-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Oversold conditions make now an opportune time to bet on shares of Comcast and Charter Communications , Truist said. Analyst Greg Miller upgraded shares of both Comcast and Charter to buy from hold, with respective $50 and $550 price targets. The recent investor flight from both stocks has created a valuation reset, he said. Comcast and Charter sold off sharply in 2022, falling about 30% and 48%, respectively. Comcast shares gained more than 1% premarket, while Charter added 1% on light volume.

☆ Hotel stocks normally benefit from large airline cancellations like Southwest, says Truist's Scholes
▼ + stars: | 2022-12-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHotel stocks normally benefit from large airline cancellations like Southwest, says Truist's ScholesPatrick Scholes, Truist Securities managing director, and CNBC's Leslie Josephs join 'The Exchange' to discuss Southwest Airlines flight cancellations and how it impacts the sector.

☆ Negative mood could pervade market next week as investors search for stability before the holidays
▼ + stars: | 2022-12-16 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

Stocks were battered in the past week, as investors reacted to a hawkish message from the Federal Reserve. In the past week, stocks rallied Tuesday after the consumer price index showed a smaller-than-expected increase of 7.1% for November. "There's a lot of housing data next week," said Art Hogan, chief market strategist at B. Riley Financial. Ned Davis Research pointed out in a note this week that there has been a recent negative correlation between stocks and bonds, meaning stocks are falling and so are yields. Ned Davis expects the negative correlation to continue for the foreseeable future, and is watching the rolling one-year correlation between the S & P 500 and the 10-year Treasury yield.

☆ The tech sector isn't going to be a leader next year, says Truist's Keith Lerner
▼ + stars: | 2022-12-01 | 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 EmailThe tech sector isn't going to be a leader next year, says Truist's Keith LernerJPMorgan’s Gabriela Santos and Truist Wealth’s Keith Lerner join 'Closing Bell: Overtime' to discuss Brad Gerstner's comments on the Fed and rates. They also discuss slimming down the tech sector.

☆ A tech rebound may be needed for a full market recovery. These are the stocks that could lead
▼ + stars: | 2022-11-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

The S & P 500, meanwhile, is down 15.5% this year, dragged down by the communication services and information technology sectors, along with consumer discretionary. The Nasdaq is up 6% in the fourth quarter, while the S & P 500 has surged 12% in that time. But, some investors think tech's cooperation will be needed for the market to bounce back from this bear market. "[Tech stocks] have to participate, they have to move up to get a big market move," the company's co-chief investment officer said. Tech stocks that could lead Given this backdrop, CNBC Pro searched for stocks in the Nasdaq 100 — which is made up of the 100-largest Composite stocks — that could lead tech out of its rut.

☆ This undervalued biotech stock is earning some fans. Why Piper Sandler, Truist say it's time to buy
▼ + stars: | 2022-10-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Piper Sandler and Truist upgraded the stock to overweight and buy ratings, respectively, after the company topped earnings expectations for the recent quarter and shared upbeat guidance. Both firms said they anticipate solid growth from Gilead's oncology and HIV franchises going forward, saying now is the time to get in on the stock. Kim upped the firm's price target on the stock to $96 from $79 a share, suggesting 37% upside from Thursday's close. Truist's Robyn Karnauskas highlighted the potential of Gilead's cancer drugs and therapies in a note to clients, hiking the firm's price target on the stock to $91 per share. Gilead's stock jumped nearly 5% in Friday's premarket.

☆ Snap's biggest headwinds are cost cutting and market uncertainty next year, says Truist's Youssef Squali
▼ + stars: | 2022-10-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSnap's biggest headwinds are cost cutting and market uncertainty next year, says Truist's Youssef SqualiYoussef Squali, Truist managing director, joins 'The Exchange' to discuss Snap's third quarter revenue miss.

☆ The short-term rally has longer to go, but more challenges to come mid-term, says Truist's Lerner
▼ + stars: | 2022-10-20 | 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 EmailThe short-term rally has longer to go, but more challenges to come mid-term, says Truist's LernerSoFi's Liz Young, NewEdge Wealth’s Cameron Lawson and Truist’s Keith Lerner join 'Closing Bell: Overtime' to discuss market rallies, inflation and the Fed.

☆ U.S. bank CEOs set for congressional grilling by Democrats and Republicans
▼ + stars: | 2022-09-21 | by ( Pete Schroeder | ) www.reuters.com time to read: +2 min

People wearing masks for protection against the coronavirus disease (COVID-19) walk past the U.S. Capitol in Washington, U.S., September 4, 2022. read moreThe CEOs due to testify include the heads of the four largest U.S. banks: JPMorgan Chase & Co's Jamie Dimon, Wells Fargo's (WFC.N) Charles Scharf, Bank of America's (BAC.N) Brian Moynihan and Citigroup's Jane Fraser. They are set to be joined by US Bancorp (USB.N) CEO Andy Cecere, PNC Financial (PNC.N) CEO William Demchak and Truist's (TFC.N) Bill Rogers, who run the country's largest regional lenders. Democrats are likely to press bank executives on fees, the closure of bank branches in poorer areas and how banks are addressing fraudulent transactions. Some large banks have adopted policies that some Republicans say amount to boycotts of certain industries such as fossil fuels and firearms.

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