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☆ Wall Street landlords with billions in their coffers have gone silent, patiently waiting for cheaper homes to buy
▼ + stars: | 2023-05-21 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +6 min

For the first two or so years of the pandemic, it looked like big, corporate landlords would buy up so many rental homes that they'd soon control the market that had been the purview of mom-and-pop owners. But five months in, the lull that started the year persists, said analysts at John Burns Real Estate Consulting, a purveyor of real-estate data. According to JT Graham, a John Burns analyst who attended an April conference of the SFR lobbying group National Home Rental Council, the buzzword there was "patience." For those that do make the trip, they can console themselves that the industry's fundamentals are strong enough to offset headwinds such as soaring taxes and slowing rent growth, John Burns analysts said. They're also able to absorb defaults and vacancies in the way small landlords can't as their costs increase.

☆ Morning Bid: US debt drama crashes Japan's G7 party
▼ + stars: | 2023-05-11 | by ( ) www.reuters.com time to read: +3 min

A look at the day ahead in European and global markets from Kevin Buckland. But almost everyone also wants to hear from her that the United States can sort out its own debt ceiling conundrum and avoid a potentially disastrous default. The United States isn't the only concern either. Chinese inflation data showed consumer prices almost flat-lining in April, while factory gate deflation deepened. Ten-year Treasury yields continued to tick lower in Tokyo, putting the U.S. dollar under pressure against the yen.

☆ U.S. dollar struggles, pound hits one-year high
▼ + stars: | 2023-05-08 | by ( ) www.cnbc.com time to read: +2 min

The dollar index, which measures the currency against six rivals, was slightly higher at 101.41, a better showing than the one-year low of 100.78 reached last month. Fed funds futures traders are now pricing for the fed funds rate to reach 4.993 in July, and remain below that all year. Sterling hit a more than one-year peak against the dollar on Monday, with the pound trading as high as $1.2668, its highest since April 2022, but slipped slightly below that, and was last seen at $1.2614. The pound remains in focus this week ahead of an expected Bank of England rate increase on Thursday, and has also been firming versus the euro. Meanwhile, U.S. inflation data due on Wednesday, could indicate whether the Fed must do more to rein in inflation.

☆ Meta stock jumps after company reports first revenue growth in nearly a year
▼ + stars: | 2023-04-26 | by ( Clare Duffy | ) edition.cnn.com time to read: +2 min

The company also reported that profits declined by nearly a quarter compared to the same period in the prior year to $5.7 billion. The company said it expects revenue to grow again in the current quarter compared to the prior year. Like other tech companies, Meta has also recently read investor cues and taken to playing up its focus on artificial intelligence rather than the metaverse. The shift comes as Meta contends with the popularity of AI tools from tech firms like Microsoft and OpenAI. In his statement with the results Wednesday, Zuckerberg said: “Our AI work is driving good results across our apps and business.”

☆ These Are Not Your G-Rated Fairy Tales
▼ + stars: | 2023-04-20 | by ( Claire Luchette | ) www.nytimes.com time to read: +1 min

“Jesus?” she asks, when he tells her. “Jesus bloody Jesus like the Jesus Jesus?” He nods. Her bike gone, Orla must return home to her widowed father and toddler sister in the North England village of Glasson Dock. It’s unfair that her grieving dad gets to do what he wants, which is drink; what Orla wants is to steal and skip class and get out of there. ImageAs coming-of-age stories go, “The Gospel of Orla” is winningly off-kilter.

☆ Strong individual performers can buoy whole sectors, Jim Cramer says
▼ + stars: | 2023-04-20 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Stocks that investors might expect to be shorted in the buildup to a recession are doing very well, buoying their whole sectors, CNBC's Jim Cramer said Thursday. There are certain kinds of industries that have historically been targeted by short sellers in the run-up to recession, Cramer said, including railroads, semiconductors, homebuilders and automakers. Steel firm Nucor would be an "obvious short" headed into a recession, Cramer said, but the company reported strong growth and "blew away the estimates." Homebuilders are likely short candidates ahead of a recession, but that doesn't seem to be happening here, Cramer said. But as Cramer has noted before, strong performing companies with effective management can weather most storms.

☆ Club meeting recap: Semiconductor stocks shine in Wednesday tech-led market rally
▼ + stars: | 2023-03-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Tech stocks rally Micron readthrough Wynn gets a boost 1. Tech stocks rally Stocks rose Wednesday as the banking crisis retreated from the headlines. "I'm glad we're involved in it, and I have no desire to sell" Nvidia stock, Jim added. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Wall St Week Ahead Strength in megacap stocks masks broader U.S. market woes
▼ + stars: | 2023-03-24 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

A recent pullback in U.S. bond yields, whose ascent punished growth stocks last year, is also buoying their prices in 2023. Megacaps' growing market capitalization means indexes such as the S&P 500 are increasingly driven by a smaller cluster of stocks. The weight of the top five S&P 500 companies has rebounded to 21.7% from 18.8% for the top five stocks at the end of 2022. The S&P 500 energy sector (.SPNY) is down 7.5% since March 8, while the industrials sector (.SPLRCI) is off 5%. In turn, he said, that likely means "the big-cap growth stocks will be the ones who lead from here."

☆ Morning Bid: Hang on a minute
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +4 min

And so a speech from New York Fed chief John Williams make give a better steer on current thinking. Markets are now priced for a Fed 'terminal rate' in the 5.25-5.50% range by July and no cut from there by year-end. European central bankers are also talking tough as the region's economies dodge recession and inflation stays high. But geopolitical concerns rankle again ahead of Friday's anniversary, with Russia unilaterally withdrawing from a key nuclear arms control treaty. As G20 finance chiefs meet in India, the world is watching closely the extent of the alliance between Beijing and Moscow.

☆ Wall Street's most overbought stocks include General Motors and a pharma stock
▼ + stars: | 2023-02-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

There's a Wall Street momentum indicator that can help investors filter out the most overbought, and oversold, stocks. A stock is considered overbought if its 14-day RSI goes above 70. CNBC Pro screened for the 10 most overbought stocks in the S & P 500. Catalent was one of the most overbought stocks in the S & P 500. GWW YTD mountain GWW in 2023 General Motors made our list of overbought stocks as well, with a 14-day RSI of 76.25.

☆ Oil prices climb on hopes for Fed slowing interest rate hikes
▼ + stars: | 2023-01-20 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +2 min

Jan 20 (Reuters) - Oil prices rose on Friday on optimism that the U.S. Federal Reserve will ends its tightening cycle, buoying the economy and boosting fuel demand. Both closed 1% higher on Thursday, near their highest closing levels since Dec. 1. A number of other Fed officials have expressed support for a downshift in the pace of rate rises. A rebound in Chinese economy and the Russian oil industry's struggles under sanctions could tighten energy markets in 2023, International Energy Agency (IEA) head Fatih Birol said on Thursday. Reporting by Arathy Somasekhar; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

☆ Smartphones, used cars and bacon: 10 things with the biggest price drops in 2022, despite inflation
▼ + stars: | 2023-01-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

The largest declines, on a percentage basis, were concentrated in categories like consumer electronics, beef, and cars and trucks, according to the consumer price index. watch nowUsed cars and trucks, rental vehiclesA used car dealership in New York on Jan. 19, 2022. Pablo Monsalve | View Press | Corbis News | Getty ImagesPrices for used cars and trucks were among the first to spike as inflation took hold in early 2021. The category inflated by 37.3% that year — the most of any item outside of energy commodities like gasoline and fuel oil, according to the consumer price index. "Rental car companies were buying — and now completely stopped buying — used vehicles," said Mark Zandi, chief economist at Moody's Analytics.

☆ A housing market 'trough' is around the corner and should be a welcome relief to real estate firms like Zillow, a Bank of America analyst says
▼ + stars: | 2023-01-17 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

High mortgage rates and home prices have put the housing market into a deep chill. A Bank of America analyst upgraded real estate stock Zillow from "underperform" to a "buy." A dark cloud is hovering over America's housing market with each week bringing signs of doom and gloom. The rosier view wasn't because of an imminent improvement in the housing market. That's hit Zillow — which earns most of its revenue from lead generation for real estate agents — squarely in the pocket.

☆ Stock futures are flat with all eyes on key inflation report
▼ + stars: | 2023-01-11 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Stock futures were little changed in overnight trading Wednesday as investors awaited a key inflation report to assess the outlook for the Federal Reserve's rate-hiking campaign. S&P 500 futures and Nasdaq 100 futures were both flat. All eyes are on December's consumer price index reading with the consensus forecast calling for a slight easing in price pressures. Stocks rallied Wednesday ahead of the inflation report as investors bet that the Fed could slow down its rate hikes in light of tamer prices. The Dow climbed more than 260 points, while the S&P 500 gained 1.3% with all 11 sectors ending the day higher.

☆ Bayer gains on report activist Bluebell pushing for break-up
▼ + stars: | 2023-01-11 | by ( Ludwig Burger | ) www.reuters.com time to read: +2 min

FRANKFURT, Jan 11 (Reuters) - Bayer (BAYGn.DE) shares gained 1.7% in early Wednesday trade following a report activist investor Bluebell Capital Partners has built an equity stake and is pushing for a break-up of the German pharmaceutical and agriculture company. A Bayer spokesperson, who declined to comment on the report, said: "Generally speaking we are always open for a constructive dialogue with our stakeholders." The report follows news on Monday that activist investment fund Inclusive Capital Partners, run by hedge fund veteran Jeffrey Ubben, has acquired a 0.83% stake in Bayer, which has seen its market value slide in recent years. Bayer on Tuesday flagged billions in additional sales potential from its drug development pipeline, buoying its shares. Bayer shares have lagged($1 = 0.9308 euros)Reporting by Ludwig Burger Editing by Rachel More and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Oil rises on demand optimism as China borders reopen
▼ + stars: | 2023-01-09 | by ( Jeslyn Lerh | ) www.reuters.com time to read: +3 min

Companies Baker Hughes Co FollowSINGAPORE, Jan 9 (Reuters) - Oil prices climbed on Monday as the borders reopened in China, the world's top crude importer, boosting the outlook for fuel demand growth and offsetting global recession concerns. Brent crude futures were up $1.49, or 1.9%, at $80.06 a barrel as of 0745 GMT, while U.S. West Texas Intermediate crude rose $1.43, or 1.9%, to $75.20. Those concerns are reflected in the market structure for the benchmark oil futures. ,"Oil prices have likely ticked up on increased confidence on China's reopening, but fears of recession in the wider global market remains. This uncertainty will likely lead to swings in oil prices in the near-term," said Serena Huang, Vortexa's head of APAC analysis.

Companies Baker Hughes Co FollowSINGAPORE, Jan 9 (Reuters) - Oil prices climbed on Monday as the borders reopened in China, the world's top crude importer, boosting the outlook for fuel demand growth and offsetting global recession concerns. Brent crude futures rose 90 cents, or 1.2%, to $79.47 a barrel at 0520 GMT, while U.S. West Texas Intermediate crude was up 90 cents, or 1.2%, at $74.67. Despite the gains in oil on Monday, concerns remain that the massive flow of Chinese travellers may cause another surge in COVID infections. Those concerns are reflected in the market structure for the benchmark oil futures. Energy futures for crude oil, refined products and natural gas have plummeted in the New Year as traders have reconsidered near-term worries over cold weather and fears of supply shortages and dumped contracts.

☆ Oil nudges higher after China opens borders, lifts fuel demand outlook
▼ + stars: | 2023-01-09 | by ( Florence Tan | ) www.reuters.com time to read: +2 min

Companies Baker Hughes Co FollowSINGAPORE, Jan 9 (Reuters) - Oil prices edged up on Monday, a day after travellers streamed into China following a reopening of borders that lifted the fuel demand outlook and partly offset concerns of global recession. Brent crude futures had risen 53 cents, or 0.7%, to $79.10 a barrel by 0114 GMT while U.S. West Texas Intermediate crude was at $74.23 a barrel, up 46 cents, or 0.6%. Both Brent and WTI tumbled more than 8% last week, their biggest weekly dives at the start of a year since 2016. China, the world's second-biggest oil consumer, opened its borders on Saturday for the first time in three years, buoying the outlook for its demand for transportation fuels. Energy futures for crude oil, refined products and natural gas have plummeted in the New Year as traders have reconsidered near-term worries over cold weather and fears of supply shortages and dumped contracts.

☆ Energy funds were among the biggest ETF winners in 2022 — but not exclusively
▼ + stars: | 2022-12-28 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

In many cases, the energy funds didn't even need leverage to outperform, with plain vanilla sector funds seeing massive gains. The iShares MSCI Turkey ETF has surged in the second half of the year and has a total return of more than 100%. Even with the Turkey outlier, the list overall is still dominated by oil and gas funds, with the VanEck Oil Services ETF (OIH) generating a total return of 65%. The Advocate Rising Rate Hedge ETF (RRH) and FolioBeyond Rising Rates ETF (RISR) also did their job in buoying investors portfolios. On the inflows side, broad market funds from Vanguard and iShares were the big winners, as those two brands continued to dominate the ETF market.

☆ Yen on defensive before BOJ; NZ dollar sinks
▼ + stars: | 2022-12-20 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

[1/2] Banknotes of Japanese yen are seen in this illustration picture taken September 22, 2022. New Zealand's dollar dropped after a big decline in a survey of local business confidence. The Aussie, though, was little changed after shrugging off minutes from the Reserve Bank of Australia's last policy meeting. Ten-year Treasury yields held at a one-week high of 3.601% in Tokyo trading. Those minutes reinforced the "uncertain outlook" for policy, providing an additional weight on the Australian dollar, said Sean Callow, a strategist at Westpac.

☆ Oil-Shipping Costs Soar as Ukraine War Reshapes Global Trade
▼ + stars: | 2022-11-23 | by ( David Uberti | ) www.wsj.com time to read: 1 min

A surge in the cost of shipping oil between the world’s ports is buoying energy prices, even as a gloomy economic outlook has dragged down crude near its lowest levels of the year. Economic fallout from the war in Ukraine has severed many of the short oil- and petroleum-product trading routes across the Baltic and North seas. Now, as Europe scrambles to find new suppliers and Russia looks to send exports elsewhere, tankers are spending more time on water before reaching their destinations.

☆ Oil prices climb on big drop in U.S. crude stocks, Russia supply uncertainty
▼ + stars: | 2022-11-23 | by ( ) www.cnbc.com time to read: +2 min

Oil prices rose in early trade on Wednesday after industry data showed U.S. crude stockpiles fell more sharply than expected last week, highlighting supply tightness ahead of a looming European Union ban and G7 price cap on Russian oil. Uncertainty over how Russia will respond to plans by the Group of Seven (G7) nations to cap Russian oil prices further supported the market, analysts said. Buoying prices on Wednesday, U.S. crude inventories fell by about 4.8 million barrels for the week ended Nov. 18, data from the American Petroleum Institute showed, according to market sources. Analysts polled by Reuters on average had expected a 1.1 million barrel drawdown in crude inventories. However, on a bearish note, API data showed distillate stocks, which include heating oil and jet fuel, rose by about 1.1 million barrels compared with analysts' expectations for a drop of 600,000 barrels.

The surge in stocks and bonds, and steep dollar slide last week sparked one of the biggest loosening of financial conditions in decades. "We see this as another example of the inherent challenges that come from trying to slow the pace of hikes without easing financial conditions." chartchartEvery time investors and traders begin to price a Fed 'pivot', market conditions loosen, and inflationary pressures rise. Policy decisions affect financial conditions immediately, but the full effects of changing financial conditions on inflation are felt much later, Powell told reporters. Related columns:- Fed 'pivot' draws closer, but the word has had its day (Nov. 11)- China reopening may add inflation headache (Nov. 9)- Hedge funds capitulate on Fed pivot (Nov. 6)By Jamie McGeever; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

☆ Morning Bid: Congress unswept, crypto a mess
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike Dolan. Incumbent Democrats enjoyed a stronger-than-expected showing, with a chance of retaining the Senate, limiting expected losses in the House of Representatives and taking important governors' races. Regardless of the poll results, problems in the crypto world deepened amid fears of widespread contagion and selling following the near collapse of a major exchange on Tuesday. Perhaps partly related to the crypto shakeout, shares in Tesla (TSLA.O) dropped as much as 5% on Tuesday after filings showed owner Elon Musk sold almost $4 billion Tesla shares before his Twitter takeover. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Investors brace for government gridlock as Republicans seen gaining in U.S. midterms
▼ + stars: | 2022-11-08 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

Republicans are favored to win control of the House of Representatives and possibly the Senate, polls and betting markets show, though there are still hours left to vote. "I think the markets are rallying at the prospect of gridlock," said Jack Ablin, chief investment officer at Cresset Capital in Chicago. "Fiscal spending has created a challenge for central banks worldwide. The S&P 500 (.SPX), which finished up 0.6% on the day, has risen about 5% over the last month. Reporting by Saqib Iqbal Ahmed; Editing by Ira Iosebashvili and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

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