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☆ Top Wall Street analysts pick these stocks for 2023
▼ + stars: | 2022-12-18 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

To help the process, here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a service that ranks analysts based on their track record. The solid execution exhibited by the company against a difficult economic backdrop, especially for the tech sector, managed to impress several Wall Street analysts. Ranked at Number 703 among more than 8,000 analysts, White has a success rate of 54%. Giving us good reason to consider the analyst's convictions is his 370th position among more than 8,000 analysts followed on TipRanks. Standing at the 402nd position, 63% of the analyst's ratings have been profitable.

☆ Securities trader charged in New York with front-running employer's trades
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +1 min

Dec 14 (Reuters) - An equities trader at a large U.S. asset manager was criminally charged with using information about his employer's trades to make tens of millions of dollars in an insider trading scheme, federal prosecutors in New York said Wednesday. Equities trader Lawrence Billimek, 51, of Hailey, Idaho, was arrested in Texas and day trader Alan Williams, 77, of West Linn, Oregon, was arrested in his home state, prosecutors said. Prosecutors allege they made tens of millions of dollars on more than a thousand trades ahead of large stock transactions by Billimek's employer. Both were charged with conspiracy, securities fraud and wire fraud in an indictment unsealed in Manhattan. Reporting by Jody Godoy in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Consumer prices data for November, due Tuesday, will provide fresh clues on the central bank's monetary tightening plans. The S&P 500 declined 0.73% to end the session at 3,934.38 points. The Nasdaq declined 0.70% to 11,004.62 points, while Dow Jones Industrial Average declined 0.90% to 33,476.46 points. Declining stocks outnumbered rising ones within the S&P 500 (.AD.SPX) by a 3.3-to-one ratio. The S&P 500 posted 5 new highs and 1 new lows; the Nasdaq recorded 54 new highs and 213 new lows.

☆ Jim Cramer says Costco is a buy, Lululemon is a wait-and-see
▼ + stars: | 2022-12-09 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

In this article COSTLULU Follow your favorite stocks CREATE FREE ACCOUNTLululemon AthleticaLoading chart...Shares of Lululemon tumbled over 12% on Friday. Cramer said that the main problem with Lululemon was that its strength was already baked into its stock price going into the quarter, meaning that it tumbled when the company failed to report perfect results. Costco WholesaleLoading chart...Shares of Costco inched up 0.33% on Friday. Unlike Lululemon, Wall Street underestimated the company's ability to churn out a solid quarter, according to Cramer. "I think you should be buying Costco if you don't already own it.

Producer prices climbed 7.4% last month on an annual basis, the Labor Department's report showed, compared with economists' expectations of a 7.2% increase. Core producer prices, which exclude volatile food and energy components, jumped 6.2% compared with estimates of a 5.9% rise. Consumer prices data for November, due Tuesday, will provide fresh clues on the central bank's monetary tightening plans. U.S. stocks had snapped a recent run of losses on Thursday after data showed initial jobless claims modestly rose last week, suggesting the labor market was deteriorating. The S&P index recorded five new 52-week highs and one new lows, while the Nasdaq recorded 24 new highs and 96 new lows.

☆ Lululemon sees downbeat quarter as inflation-hit consumers turn cautious
▼ + stars: | 2022-12-08 | by ( Ananya Mariam Rajesh | ) www.reuters.com time to read: +2 min

Dec 8 (Reuters) - Lululemon Athletica Inc (LULU.O) on Thursday forecast holiday-quarter revenue and profit largely below analysts' estimates, as shoppers turn cautious about spending on higher-priced clothing amid decades-high inflation, sending its shares down 6%. "But ...I do still think that Lululemon is playing a very strong game with the consumer." Lululemon lifted its full-year revenue and profit forecasts and beat estimates for third-quarter results. The company forecast fourth-quarter revenue between $2.61 billion and $2.66 billion, compared to analysts' estimates of $2.65 billion, according to IBES data from Refinitiv. Lululemon sees current-quarter profit between $4.20 and $4.30 per share, while analysts estimate $4.30.

☆ Stock futures are little changed as investors assess risk of an economic downturn
▼ + stars: | 2022-12-07 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

U.S. stock futures were little changed on Wednesday night following a fifth straight day of losses for the S&P 500 as Wall Street weighed the likelihood of a recession. S&P 500 futures added 0.02%, while Nasdaq 100 futures was up 0.004%. During the regular session Wednesday, the S&P 500 declined 0.19% in its fifth straight losing session. Still, investors are increasingly concerned whether the central bank can avoid a recession next year in its attempt to squash inflation. On the economic front, investors are awaiting the latest data on weekly jobless claims before the bell on Thursday.

☆ Cramer’s week ahead: Markets need a strong job market, tame inflation to stay up
▼ + stars: | 2022-12-02 | by ( Krystal Hur | ) www.cnbc.com time to read: +4 min

But if the job market stays strong and inflation stays tame, we could be in for still one more very good week," he said. Tuesday: AutoZone, Toll Brothers, SentinelOneAutoZoneQ1 2023 earnings release at 6:55 a.m. Wednesday: Campbell Soup, Ollie's Bargain Outlet Holdings, Brown-Forman, Lowe'sCampbell SoupQ1 2023 earnings release at 7:30 a.m. Brown-FormanQ2 2023 earnings release at 8 a.m. ETProjected EPS: $1.96Projected revenue: $1.81 billionCramer said he's betting Lululemon will beat Wall Street expectations in its latest quarter.

☆ Markets looking for the next catalyst might latch on to worries about 2023
▼ + stars: | 2022-12-02 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

Markets could be volatile and in search of a catalyst in the week ahead, as investors consider year-end trades in the lull before the Federal Reserve's December 13-14 policy meeting. Stocks were higher in the past week, with the year's worst performing sectors, communications services and consumer discretionary companies, leading the gains. On the geopolitical front, Arone said investors will watch the Dec. 6 runoff election in Georgia's senate race . Week ahead calendar Monday Earnings: Sumo Logic , Gitlab 9:45 a.m. Services PMI 10:00 a.m. ISM services 10:00 a.m. Initial jobless claims 10:00 a.m. Quarterly services survey Friday 8:30 a.m. PPI 10:00 a.m. Consumer sentiment 10:00 a.m. Wholesale trade

Lululemon is a multibillion-dollar leader in the high-end active wear category that owns and operates 600 stores, 40 of which are located in Europe. Its roots date back to 1998 when it opened as "Lululemon Athletica," a yoga-wear brand geared toward women and yoga enthusiasts. Demand for athletic wear has grown exponentially since those early days, and in 2022 Lululemon continues to lead the way, with its second-quarter revenue soaring 29% year over year. Nevertheless, the company continues to innovate and diversify into different categories and wider tech offerings. Watch the video above to learn more about what makes Lululemon a global leader in athleisure and active wear.

☆ Evercore ISI sees some potential winners as earnings forecasts expected to plunge
▼ + stars: | 2022-10-10 | by ( Patti Domm | In | ) www.cnbc.com time to read: +1 min

Evercore ISI analysts expect earnings estimates to plunge, but they do see some winners emerging during earnings season in a bifurcated market. For the third quarter, Evercore ISI expects S & P 500 earnings to grow at a 4.1% pace and beat estimates by a modest 1.2%. The stocks also have seen positive 2023 earnings revisions and high short interest relative to the past year. Apple, for instance, is up 7.7% since the June low and its 2023 earnings have been revised down 23.8%. Evercore ISI also looked at stocks that could underperform this earnings season.

☆ Anthony Gonzalez snags GoodRx, Marie Newman sells Moderna, Gary Peters buys fossil fuel burners
▼ + stars: | 2021-04-26 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +8 min

Newman sells ModernaLast week, Insider reporters Kimberly Leonard and Warren Rojas profiled the stock trades of Rep. Marie Newman, a freshman Democrat from Illinois, and her husband. On Wednesday, Newman reported that she or her husband made additional stock trades in January. And he and his wife last week reported making dozens of different stock trades and financial moves during March. Rep. Josh Gottheimer, a Democrat from New Jersey, made more than 60 stock trades during March. Rep. John Yarmuth, a Democrat from Kentucky, meanwhile made nearly 20 stock trades during March.

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