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☆ Why India banned TikTok — and what the US can learn from it, as pressure mounts for Biden to follow suit
▼ + stars: | 2023-01-07 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +6 min

To see what could happen if the US were to ban TikTok, analysts say to look at India. Why did India ban TikTok? What happened when India banned TikTokIn the summer of 2020, India banned 59 Chinese apps including TikTok, WeChat, Weibo, and QQ, an instant-messaging service owned by the internet giant Tencent. While the situation wouldn't be exactly the same, the US might face these questions if it decides to ban TikTok. "So if that continues to deteriorate, I can't imagine that that that doesn't increase the odds of some sort of TikTok ban."

☆ Here are Friday's biggest analyst calls of the day: Apple, Amazon, Uber, Nike, Boeing, Netflix & more
▼ + stars: | 2023-01-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Baird names Boeing a top 2023 pick Baird named Boeing as a top idea this year and says it sees a recovery in aerospace. UBS names Target a top pick in 2023 UBS says it sees Target as a market share gainer in 2023. Wells Fargo initiates Snowflake as overweight Wells said in its initiation of the stock that it's built to "weather the storm." Piper Sandler names Amazon a top 2023 pick Piper Sandler says it sees share gains and easing comps for the e-commerce giant. " Bank of America names Domino's a top 2023 pick The firm says Domino's is well positioned in a declining macroeconomic environment.

☆ Stocks making the biggest moves midday: World Wrestling Entertainment, Bed Bath & Beyond, Costco and more
▼ + stars: | 2023-01-06 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

World Wrestling Entertainment — The wrestling entertainment stock surged 21% after WWE announced that founder Vince McMahon is returning to its board of directors and that the company is exploring strategic moves. R1 RCM — Shares of the healthcare technology firm soared more than 11% after the company raised its revenue outlook for 2023. Costco Wholesale — Shares of the big-box retailer jumped more than 6% after it reported solid sales numbers for December. First Solar — Shares of First Solar rose more than 4% after Wells Fargo upgraded it to overweight, saying Europe's energy crisis and the Inflation Reduction Act in the U.S. will boost demand for solar energy. Bed Bath & Beyond — Shares plunged 20% after the retailer warned it was running out of cash and was considering bankruptcy.

☆ Netflix's ad tier drove 13% of subscriptions in its first month, new survey shows
▼ + stars: | 2023-01-06 | by ( Lucia Moses | Ryan Joe | ) www.businessinsider.com time to read: +5 min

Netflix's new ad-supported tier accounted for 13% of subscribers in its first month, new Evercore research found. Evercore believes the ad tier is driving incremental subscriber growth for Netflix. Netflix's new ad-supported tier accounted for 13% of the streamer's subscribers in its first month, with about half being new or returning users to the streamer, according to new research from Evercore ISI. Netflix's ad tier entered a crowded field of streaming services, including ad-supported versions, from Disney's Hulu to Comcast's Peacock to Warner Bros. Netflix's ad tier was followed close behind Disney+ with Ads launching in December, and Warner plans to launch a combined Discovery+-HBO Max app in spring with an ad-supported tier.

☆ Evercore's Mark Mahaney reveals 2023 outlook for tech — and names his top stocks
▼ + stars: | 2023-01-06 | 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 EmailEvercore's Mark Mahaney reveals 2023 outlook for tech — and names his top stocksMark Mahaney, head of internet research at Evercore ISI, told CNBC "Squawk Box Asia" on Thursday that he is "tactically constructive" on tech looking ahead.

Jan 5 (Reuters) - Walgreens Boots Alliance (WBA.O) said on Thursday it will not strike new deals in the short term after a spate of acquisitions in recent years, as it focuses on ramping up sales at its newer healthcare business. "We're not considering any M&A type activity in the short term. We need to focus on integration activities," Chief Financial Officer James Kehoe said in a post-earnings conference call. Walgreens said same-store pharmacy sales rose 4.8% in the reported quarter from a year earlier, but below Evercore ISI's estimates of 5% growth. Net loss attributable to Walgreens was $3.72 billion, for the quarter ended Nov. 30, compared with a profit of $3.58 billion, a year earlier.

☆ Watch CNBC's full interview with Evercore ISI's Julian Emanuel
▼ + stars: | 2023-01-05 | 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 Evercore ISI's Julian EmanuelEvercore ISI's Julian Emanuel joins 'Closing Bell' to discuss the Fed, where he sees rates moving and where he sees the market headed in 2023.

☆ No bear market has ever bottomed before a recession, says Julian Emanuel
▼ + stars: | 2023-01-05 | 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 EmailNo bear market has ever bottomed before a recession, says Julian EmanuelEvercore ISI's Julian Emanuel joins 'Closing Bell' to discuss the Fed, where he sees rates moving and his call for the market in 2023.

That outage dropped the United States behind top exporter Australia as global demand for the fuel boomed. In 2022, U.S. exports of natural gas as LNG rose 8% to 10.6 bcfd, just shy of Australia's 10.7 bcfd. The United States remained ahead of Qatar, which in third place shipped 10.5 bcfd, according to data provider Refinitiv. CROWN WITHIN SIGHTHowever, the loss of Freeport LNG's supply at mid-year took away the U.S. chance to take the crown as top exporter in 2022. In 2021, when prices in Asia were higher, just 35%, or about 3.3 bcfd, of U.S. LNG exports went to Europe.

☆ China risks loom over U.S. tech giants Tesla and Apple as share prices plunge
▼ + stars: | 2023-01-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

But in October, the world's biggest iPhone factory in Zhengzhou, China, was hit with a Covid outbreak. Reuters reported on Tuesday that Foxconn's Zhengzhou factory is almost back to full production. In early November, after Foxconn imposed Covid restrictions at the factory, Apple said the plant was operating at a "significantly reduced capacity." The world's biggest iPhone factory, located in China and run by Foxconn, faced disruptions in 2022. Apple could report a 1% annual decline in revenue in the December quarter, according to Refinitiv consensus estimates.

We're buying 10 shares of Humana (HUM) at roughly $492 apiece. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 110 shares of HUM, increasing its weighting in the portfolio to 1.96% from 1.78%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Traders on the floor of the New York Stock Exchange (NYSE) in New York, on Tuesday, Jan. 3, 2023.

☆ Netflix looks good in a recession, says Evercore ISI's Mark Mahaney
▼ + stars: | 2023-01-03 | 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 EmailNetflix looks good in a recession, says Evercore ISI's Mark MahaneyMark Mahaney, Evercore ISI head of internet research, joins 'Closing Bell' to discuss digital ads as Google and Meta's ad dominance falls.

☆ Stocks in 2023: Many strategists think prices will be higher but earnings lower
▼ + stars: | 2023-01-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

I noted last week that there is an unusual divergence in thinking among Wall Street strategists for earnings and prices in 2023. Yet, in 2023, strategists do not seem to agree on this. A survey of 22 strategists indicated the average price target for the S & P 500 for year-end 2023 was 4,078. That would be about 7% higher than where the S & P is now. It means "patient accumulation" of what seems like odd choices, including China ADRs and what Emanuel calls "Misperceived Value" stocks.

☆ Here are Tuesday's biggest analyst calls: Tesla, Apple, Wynn, Amazon, Wendy's, Delta & more
▼ + stars: | 2023-01-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

We are lowering our relative ratings on ALLY, COF and MTB from Overweight to Equal Weight and ZION from Equal Weight to Underweight." Wells Fargo upgrades Wynn to overweight from equal weight Wells said in its upgrade of the casino company that it sees a significant reopening opportunity for the stock. " Wells Fargo initiates Mondelez as overweight Wells said the food products company has "superior" fundamentals. Wells Fargo downgrades Molson Coors to equal weight from overweight Wells said in its downgrade of the stock that it sees downside to estimates. Baird names Wells Fargo a top 2023 pick Baird said it likes the risk/reward for the banking giant in 2023.

☆ The first quarter could determine how good or bad the new year will be
▼ + stars: | 2023-01-01 | by ( Patti Domm | In | ) www.cnbc.com time to read: +9 min

The first quarter of the third year of a presidential term is consistently the best quarter for S & P 500 performance, according to CFRA data. "If everyone says the first half is going to be bad and the second half is going to be good, it could be the opposite. "The timing of the economic rebound probably starts in the second quarter so the market can look forward to it," he said. "Right now it's estimated to be down 3% year-on-year … We are looking at an earnings recession which is typically coincident with an economic recession." The second quarter is expected to be down 2.3%.

☆ 2023 could end up a better year for markets, but it likely won't start off that way
▼ + stars: | 2022-12-31 | by ( Patti Domm | In | ) www.cnbc.com time to read: +12 min

As a very painful market year exits, Wall Street's strategists expect 2023 will end on a much better note —even if the path there continues to be highly volatile. I think the Fed will likely be overtightening the economy into this recession." So rates could rise before heading lower in the second half, and that environment will be better for stocks. Rieder said 2023 is going to a banner year for fixed income, and "not so much because it's going to be rates rallying so much," he said. "I think rates still have some upside," said Rieder.

☆ Jobs report hangs over markets in first week of new year
▼ + stars: | 2022-12-30 | by ( Patti Domm | In | ) www.cnbc.com time to read: +5 min

The first week of the new year will be a busy one with December's jobs report looming Friday, and many investors may be looking for ways to fix up their portfolios after 2022's battering. What to watch Friday's jobs report is one of two big events on the market calendar in the coming week. The jobs report is very important because it is the final employment report the Fed will consider before its next meeting, Feb. 1. For all years since 1945, the S & P 500 has averaged an 8.6% gain and was up 70% of the time. The worst major S & P industry sector of 2022 was communications services, down 40.4% as of Thursday's close.

☆ Bob Pisani: What UBS' Art Cashin taught me about the art of storytelling
▼ + stars: | 2022-12-30 | by ( Bob Pisani | ) www.cnbc.com time to read: +8 min

But for 60 years, Art Cashin has been one of the most influential men on Wall Street. Cashin is that rare exception: a man who knows what he was talking about, and sounds like he knows. Tiffany, Cashin said, knew that Morgan loved diamond stickpins, which he used to put in his tie. How do you tell a story about the stock market? Let's get back to the story about J.P. Morgan, Tiffany, and price discovery.

☆ How to play market volatility in 2023, according to Evercore ISI
▼ + stars: | 2022-12-29 | by ( Patti Domm | In | ) www.cnbc.com time to read: +2 min

"There's never been a bear market that has bottomed without a noticeable volatility spike, and that didn't occur at all in 2022. That's why we think the first half is likely to be volatile," said Julian Emanuel, senior managing director at Evercore ISI. When the current value of the asset is higher than the strike price on the put option, then the option is "out of the money." Meanwhile, a call option gives the owner the right to buy an asset at a given strike price. When the value of the underlying asset is trading below the strike price, then the call is "out of the money."

☆ TikTok's future is uncertain. This is how it could avoid a ban.
▼ + stars: | 2022-12-29 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +6 min

At the same time government bans on TikTok are raising questions about a full on ban for US consumers. Moorhead says TikTok will likely need to open up more scrutiny to avoid a total consumer ban. Logistically, to completely ban TikTok, the government needs to cite a specific law TikTok is breaking. That's what happened when India banned TikTok, citing a law that allowed India to block websites and apps "in the interest of sovereignty and integrity of India, after a geopolitical dispute between India and China. Walling off data as a compromiseAnalysts said that one compromise could be stricter rules around how TikTok data in the US is shared and stored.

☆ Wall Street names these 20 Club stocks as top picks for 2023. Here's the list and our takes
▼ + stars: | 2022-12-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +16 min

Club take: We've pared back our position in AMD this year as the semicondcutor company worked through its inventory correction. The company has to do more in terms of managing its costs, but it will likely be a priority in 2023. Analysts described growth outlooks in these segments as "robust" and expect them to drive revenue growth and margin expansion. BofA calls the Club stock a "top tier operator" and expects the company to grow revenue in the coming year despite fears of an economic downturn. Analysts expect to see strong data center growth next year, a business they said could reach $20 billion by 2023.

☆ Mahaney: The set-up for tech and internet stocks is much more constructive going into 2023 than it was going into 2022
▼ + stars: | 2022-12-28 | 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 EmailMahaney: The set-up for tech and internet stocks is much more constructive going into 2023 than it was going into 2022Mark Mahaney of Evercore ISI discusses whether the tech trade will recover from this year's big declines, and which stocks may shine brightest as his top tactical picks for 2023.

☆ Online travel and enterprise spending will weaken next year or at least decelerate, says Evercore's Mahaney
▼ + stars: | 2022-12-22 | 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 EmailOnline travel and enterprise spending will weaken next year or at least decelerate, says Evercore's MahaneyMark Mahaney, Evercore ISI, joins 'TechCheck' to discuss his overall view of tech activity in 2023, how much Alphabet and Amazon's stock has already discounted the bad news to come and the signs that tell if a company is positioned to do better than its peers.

☆ Stocks making the biggest moves premarket: CarMax, Micron, Under Armour and others
▼ + stars: | 2022-12-22 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:CarMax (KMX) – The auto retailer's stock slumped 12.7% in the premarket after its quarterly profit and revenue fell well short of estimates. Micron Technology (MU) – Micron shares fell 2.9% in premarket trading after the chip maker reported a wider-than-expected quarterly loss and revenue that fell short of Wall Street forecasts. Tyson fell 1% in premarket action. Global Business Travel Group (GBTG) – The American Express spin-off was rated outperform in new coverage at Evercore ISI, which expects the business travel platform to benefit from its leading position in the industry and from a rebound in business travel recovery. Global Business Travel Group rose 1.6% in premarket trading.

☆ Watch CNBC's full interview with Evercore's Mark Mahaney
▼ + stars: | 2022-12-22 | 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 Evercore's Mark MahaneyMark Mahaney, Evercore ISI, joins 'TechCheck' to discuss his overall view of tech activity in 2023, how much Alphabet and Amazon's stock has already discounted the bad news to come and the signs to tell if a company is better positioned than its peers.

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