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☆ European banks face renewed selling pressure
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +8 min

So people are acting with their feet and continuing to sell bank stocks. ING ECONOMICS TEAM (emailed) "Most European banks are impacted by these events mainly via the more cautious market sentiment. "It seems like post what happened to Credit Suisse last weekend, two things might be at play here. “European banks probably suffered from contagion from what was going on in the US, where the regional banks seem to be under pressure in the rising rate environment. European banks have, in fact, had no fundamental issues whatsoever.

☆ Bitcoin at $100,000? Insiders say the cryptocurrency could test new highs this year
▼ + stars: | 2023-03-23 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

In this article BTC.BS=-USSBTC.CB=BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNTCryptocurrency industry insiders predict bitcoin could hit a new all-time high in 2023 and possibly reach $100,000. Bitcoin previously hit its all-time high of $68,990.90 in November 2021. related investing news How crypto prices may react to the latest Fed decision Marshall Beard, chief strategy officer at U.S.-headquartered cryptocurrency exchange Gemini, said $100,000 could be a possibility for bitcoin. "I think bitcoin probably breaks all-time highs this year," Beard said, adding that the $100,000 price figure is an "interesting number." Paolo Ardoino, chief technology officer at stablecoin issuer Tether, said bitcoin could "retest" its all-time high near $69,000.

☆ Bitcoin’s market dominance is climbing. Here’s what that says about interest rate expectations
▼ + stars: | 2023-03-23 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin's market dominance has been climbing in March and is now up to levels not seen since June. Investors use it to determine which parts of the crypto market are outperforming or underperforming relative to their peers. When bitcoin dominance climbs, it implies that bitcoin is doing well, but more specifically, it means its outperforming altcoins. Bitcoin dominance has risen steadily since March 8, the day after Silvergate Bank announced its voluntary liquidation. "That's reflecting a view that a lot of macro investors have, that we're either at or very near the bottom of this macro cycle."

☆ Scranton to Biden: Love ya, Joe. But a 2024 run?
▼ + stars: | 2023-03-22 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +6 min

[1/6] A photograph of Jim Connors, 76, former Mayor of Scranton, with U.S. President Joe Biden hangs in his home in Scranton, Pennsylvania, U.S., March 10, 2023. Despite those strong ties, interviews with about two dozen Scranton voters show many harbor deep concerns about Biden running again. Many Scranton residents say they might back Biden again in 2024, albeit without much enthusiasm. Biden is also supporting a plan to build a new rail line from Scranton to New York City. “So, when I think about President Biden, I don't just think about President Biden being our hometown son," Cognetti said.

☆ Buy these 18 financial stocks that top Wall Street analysts expect will outperform the market by up to 70% despite the banking crisis, according to a company that ranks them
▼ + stars: | 2023-03-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +2 min

A global banking crisis has investors on edge as they rethink their exposure to the sector. TipRanks' list of top financial stocks is compiled based on eight leading market factors. Below is a list of 18 stocks compiled by TipRanks, a financial technology company that uses artificial intelligence to collect and analyze data for stock-market research. These stocks still have upside based on Wednesday's trading prices relative to price targets set by top analysts, or those with four to five-star TipRanks ratings based on their accuracy. The highest stock's upside is at over 71%.

☆ These are the best-performing stocks since the bank crisis began, and the sector that's leading
▼ + stars: | 2023-03-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

As yields sank, investors rotated back into technology stocks, which had been hid hard the past year by rising yields and higher interest rates that hurt valuations. Amid this backdrop, CNBC Pro screened for the best-performing stocks in the S & P 500 since the crisis kicked off. These are some of the stocks outperforming: Chip stocks have been some of the biggest winners since the crisis began, with Advanced Micro Devices up 12.4%, the third best-performing stock. Another standout chip stock is Nvidia , up a little over 8% in the wake of the crisis. Other key players at the center of the AI chatbot war also made the list.

☆ First Republic shares fall on fresh liquidity fears as peers rebound
▼ + stars: | 2023-03-20 | by ( Medha Singh | ) www.reuters.com time to read: +3 min

March 20 (Reuters) - Shares of First Republic Bank (FRC.N) slumped 13.1% on Monday, after a report the regional bank could raise more money fanned worries about its liquidity despite a $30 billion rescue last week. Shares of some of the big banks involved in the unprecedented support rose, reversing premarket losses. "Even though First Republic Bank says that they have the financial backing to survive, investors are concerned that they too will have to be taken over," said Jason Pride, chief investment officer of private wealth at Glenmede. The S&P 1500 regional banks index (.SPCOMBNKS) added nearly 4%, outperforming S&P 500 banks' (.SPXBK) 2.6% rise. A U.S. official told Reuters on Sunday that the deposit outflows that left many regional banks reeling in the wake of Silicon Valley Bank's failure had slowed and in some cases reversed.

☆ Goldman's strong balance sheet basket is beating the market amid banking crisis. Here's what's in it
▼ + stars: | 2023-03-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stocks with strong balance sheets are gaining favor as the broader market whipsaws amid the ongoing bank crisis. Goldman Sachs' basket of 50 S & P 500 companies with strong balance sheets has outperformed its weak balance sheet basket by six percentage points since March 8, the day Silicon Valley Bank's downward spiral began , according to an analysis of performance released Friday by analyst David Kostin. The outperformance of stocks with stronger balance sheets has marked a "sharp rotation," Kostin said. Technology and other growth stocks are considered particularly interest rate sensitive and are expected to do better during periods with lower interest rates. Nvidia , another technology stock in the basket, has also rallied this year in tandem with growing interest in artificial intelligence.

☆ 3 ways your business can survive an economic downturn without layoffs or marketing budget cuts
▼ + stars: | 2023-03-18 | by ( Joy Gendusa | ) www.businessinsider.com time to read: +9 min

It can be tempting to go straight to layoffs or cut marketing costs during an economic downturn. Losing new business to less marketing and laying off experienced staff you'll have to rehire are not the best ways to go. The better option is to find smart ways to continue marketing your products and services rather than stop marketing completely. Find ways to reduce expenses and maximize efficiencyYou'll have to get clever to weather an economic storm and come out strong. Review all areas of your business, and find ways to cut expenses, maximize efficiency, and keep marketing consistently.

The NYSE FANG+ index is headed for its best week in one year. Semiconductor maker AMD is up 17.8% week to date, headed for its best week since July 24, 2020, when AMD jumped 26.1%. Facebook-parent Meta advanced 12.3% this week, on pace for its best week since Feb. 3, when the social media stock gained 22.9%. AMD 5D mountain AMD shares 5-day Microsoft shares are 11.4% higher week to date, headed for its best week since Nov 11, 2022 when the Xbox maker jumped 11.6%. Amazon shares are up 10% this week, headed for its best week since Jan. 13, when AMZN soared 14%.

☆ Bank of America says buy these 30 small-cap stocks that are set to outperform as we enter an economic downturn and bank collapses worsen
▼ + stars: | 2023-03-17 | by ( Laila Maidan | ) www.businessinsider.com time to read: +2 min

The note recommends sticking to value and emphasizing free cash flow when investing in small caps. The 30 stocks below are the top contenders from the Russell 2000 set to best perform in this phase. Yep, we've entered the "downturn" phase, says a March 14 note from Bank of America. Specifically, they should focus on value with an emphasis on free cash flow (FCF), which is what's leftover after a company has covered its operating and capital expenses. And when the economy turns the corner, small-cap, value stocks tend to lead the market's recovery, usually outperforming over multiple years, according to David Wagner, portfolio manager for the SmallCap Value Fund at T.Rowe Price (PRSVX)Below is a list of 30 small-cap stocks compiled by Bank of America and pulled from the Russell 2000 that have an analyst "Buy" rating.

☆ Just Capital: Companies investing in diversity are outperforming their peers
▼ + stars: | 2023-03-17 | 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 EmailJust Capital: Companies investing in diversity are outperforming their peersAlison Omens, chief strategy officer at Just Capital, details new data on the increasing number of companies that are disclosing their workforce diversity demographics, and how investors play a key role in incentivizing more firms to do so.

☆ Stocks making the biggest moves midday: First Republic, Signet Jewelers, Snap and more
▼ + stars: | 2023-03-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

A customer walks past an ATM outside of a First Republic Bank branch in Manhattan Beach, California, on March 13, 2023. First Republic Bank — Shares of First Republic erased earlier losses and were last up about 22%. UiPath — The stock surged 17.5% after the automation software company reported fourth-quarter adjusted earnings per share of 15 cents, beating the StreetAccount estimate of 6 cents per share. Adobe — The software maker saw its stock jump nearly 5% after the company reported fiscal first-quarter results that topped Wall Street estimates. The Wall Street firm said the stock has fallen to levels that are attractive.

The bar exam assesses knowledge and reasoning and includes essays and performance tests meant to simulate legal work, as well as multiple choice questions. Less than four months ago, two of the same researchers concluded that OpenAI's earlier large language model, ChatGPT, fell short of a passing score on the bar exam, highlighting how rapidly the technology is improving. “I heard so many people say, ‘Well, it might get the multiple choice but it will never get the essays,'” Katz said. AI has also performed well on other standardized tests, including the SAT and the GRE, but the bar exam has garnered more attention. Bar exam tutor Sean Silverman attributed the focus on the bar exam to its widely recognized difficulty.

☆ There's been one big beneficiary of the banking crisis so far: Cathie Wood
▼ + stars: | 2023-03-15 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

While most of the Wall Street is in panic mode amidst the spreading banking crisis, one big investor is having a field day. Cathie Wood's flagship Ark Innovation ETF (ARKK) reeled in $397 million in new money just Tuesday alone, notching the biggest one-day inflow since April 2021, according to FactSet. She expects a grand rally could be upon her innovation stocks when rates stop their ascent. ARKK 1Y mountain Ark Innovation ETF ARKK has rallied 21% this year as Wood's top holdings, such as Tesla and Roku , rebounded dramatically. The innovation fund is focused on advanced technology companies in areas such as genomics, robotics, internet and fintech.

We are buying 20 shares of Caterpillar (CAT) on Wednesday, at roughly $214.38 apiece. Following today's trade, Jim Cramer's Charitable Trust will own 310 shares of CAT, increasing its weighting in the portfolio to about 2.67% from 2.5%. With the market tumbling Wednesday, we're adding to our position in Caterpillar (CAT) for the second day in a row . 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.

☆ Generali provides dividend cheer, no exposure to SVB
▼ + stars: | 2023-03-14 | by ( Gianluca Semeraro | ) www.reuters.com time to read: +2 min

SummarySummary Companies 2022 operating profit 6.5 bln euros vs forecast 6.19 bln2022 dividend up 8.4%Shares rise 2%MILAN, March 14 (Reuters) - Italy's Assicurazioni Generali (GASI.MI) surprised investors on Tuesday by hiking the dividend payout on its 2022 results after posting its best operating profit ever. Finance chief Cristiano Borean also told reporters the leading Italian insurer had no exposure to collapsed U.S. lender Silicon Valley Bank (SVB) (SIVB.O) and just "a marginal" position in its third-party risk portfolio. Generali shares were up 2% in early trade, outperforming a flat Italian blue-chip (.FTMIB) index. The solvency ratio, a measure of the financial strength of Generali, stood at 221% at the end of 2022 and had risen to 230% as of March 10. ($1 = 0.9354 euros)Reporting by Gianluca Semeraro Editing by Alvise Armellini and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Mexican stocks are on fire this year. Here's what's driving the gains
▼ + stars: | 2023-03-12 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Closer supply chains to the U.S. are giving Mexican stocks a big boost to start the year. The iShares MSCI Mexico ETF (EWW) , which is made up of Mexican stocks, is performing even better — up 15.2%. EWW YTD mountain EWW in 2023 One key factor driving this early outperformance is "nearshoring," which refers to companies bringing supply chains closer to their home country. In this case, many U.S.-based companies are moving their supply chains to neighboring Mexico, which could lead to even more gains in Mexican stocks. Lippmann said the firm likes stocks directly helped by nearshoring trends, such as the real-estate firm Vesta and airport operator OMA .

☆ The head of investment strategy at BlackRock's $2.2 trillion iShares Americas unit explains why the stock market has already hit its low — and lays out the 5 ways to invest now
▼ + stars: | 2023-03-10 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +4 min

But Chaudhuri believes that stocks won't hit their 2022 lows, and that any slowdown will be mild. On the other hand, the US economy has shown signs of strength so far this year, and Chaudhuri believes that when a slowdown finally comes, it'll be both relatively mild and predictable. Within the bond market, Chaudhuri specifically recommends investors use a barbell strategy to gain exposure to both ends of the yield curve. As for the equity market, Chaudhuri said that from a historical perspective, value stocks generally outperform in a macroeconomic regime characterized by higher inflation and rates. Another benefit of value stocks is that they are currently trading more cheaply than their growth counterparts.

☆ Europe's arms spending on Ukraine boosts defense companies
▼ + stars: | 2023-03-09 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

London CNN —After months of soaring stock prices, Europe’s defense companies hardly needed another boost. But a tentative €2 billion ($2.1 billion) European Union plan to procure ammunition for war-torn Ukraine may provide just that. Speaking in Stockholm Wednesday, Ukraine’s Defense Minister Oleksii Reznikov said his country needed one million rounds of ammunition “as soon as possible” to deter Russian forces. A final decision is expected on March 20 when EU foreign and defense ministers meet in Brussels. In early February, the bloc announced that it would inject another €545 million ($575 million) into its €3.6 billion ($3.8 billion) military assistance fund for Ukraine.

☆ Top tech analyst Mark Mahaney has a new top pick
▼ + stars: | 2023-03-09 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Evercore ISI's Mark Mahaney has a new top pick, and it's one of last year's biggest losers: Meta Platforms . In addition, he expects Meta shares can jump 48% from Wednesday's close to his $275 price target. META 1Y mountain Meta shares 1-year Meta is outperforming this year after lagging the market and its Big Tech brethren last year. Mahaney expects investors are in search of quality names after the carnage in tech stocks last year. Of those tech stocks that have soared more than 50% in 2023, Mahaney identified Meta is a high quality name.

☆ An options strategy from Goldman to profit from Friday's jobs report
▼ + stars: | 2023-03-09 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

The options for some major stocks appear oddly cheap ahead of a highly anticipated jobs report, according to Goldman Sachs. Straddles are derivatives that serve as a bet on volatility, regardless of direction. Shares of the Facebook parent have been on a tear in 2023, rising by more than 50% already. Outside of tech, Caesars Entertainment has already gained 28% year to date, and analysts see another 30% of upside, according to Refinitiv. Shares of Moderna have already moved 3% or more on 11 different trading days in 2023.

☆ Bank of America sees this chipmaker rallying more than 25% as electric vehicle demand grows
▼ + stars: | 2023-03-08 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

On Semiconductor is a top chip stock for autos that could jump more than 25%, Bank of America said. This was in addition to news that On Semiconductor signed a long-term electric vehicle supply deal with BMW. "This win complements ON's other notable wins at Tesla, Mercedes, Jaguar Land Rover, VW, Hyundai, and Nio," Arya wrote in a Tuesday note. On Semiconductor shares are more than 26% higher in 2023, after also outperforming last year in spite of an 8% drop. "We expect ON to maintain/expand its 25-30% CY23E SiC device mkt share, while also benefitting from its leadership in image sensors for advanced driver assist systems," Arya wrote.

☆ Recession worries used to be bad for bank stocks. Not anymore
▼ + stars: | 2023-03-08 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

London CNN —Investors are bucking tradition this year by piling into big bank stocks just as major economies are expected to either slow down or fall into recession. Fed Chair Jerome Powell said Tuesday that interest rates would rise more than people anticipated. European bank stocks have risen particularly sharply in the past six months. “As those worries have unwound, European banks have done particularly well.”No ‘hidden skeletons’But European economies are still fragile. When economic activity slows down, bank stocks are typically among those hit hardest.

☆ Current sweet spot in equities may come from picking up 'quality' stocks
▼ + stars: | 2023-03-08 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

For investors who don't want to abandon stocks altogether and flee to the safety of two-year Treasury notes, one style attracting renewed interest is an old one: quality. "I would be picking growth stocks from here," Peter Tchir, head of macro strategy at Academy Securities, told me. But not just any growth stocks: "I would be picking companies that have stable earnings, and low debt." Stocks that screen for high quality tend to be leveraged to technology and the consumer. Matt Maley, chief market strategist at Miller Tabak, explains why: "Are people really going to be mad at you for owning Apple, or Microsoft, or other high quality stocks?

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