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Although full-calorie options still dominate the soda segment, diet sodas now represent more than a quarter of sales. Diet Coke, Coke Zero, Pepsi Zero Sugar and Diet Mountain Dew all contain aspartame. For most adults, that means drinking less than nine to 14 cans of diet soda every day. Even so, Edward Jones analyst Brittany Quatrochi said she isn't expecting a big hit to diet soda sales. Besides diet sodas, aspartame can also be found in a variety of foods, including breakfast cereals, chewing gum and ice cream.
Persons: Coke, sodas, Cowen, TD Cowen, Vivien Azer, Garrett Nelson, Gerald Pascarelli, Francesco Branca, Hugh Johnston, CFRA's Nelson, Edward Jones, Brittany Quatrochi, isn't, Keurig Dr Pepper, Kevin Keane Organizations: Health, International Agency for Research, Cancer, World Health Organization, Pepsi, WHO, CNBC, PepsiCo, Reuters, Diet Pepsi, Pepsi Zero, Coke, American Beverage Association, Keurig, ABA Locations: Diet, Coke
CFRA's Garrett Nelson makes the bull case for Tesla
  + stars: | 2023-07-03 | 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 EmailCFRA's Garrett Nelson makes the bull case for TeslaGarrett Nelson, CFRA VP, joins 'Closing Bell Overtime' to discuss his buy rating on Tesla as the stock rises.
Persons: CFRA's Garrett Nelson, Tesla Garrett Nelson, CFRA, Tesla
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors playing catch up should boost the markets in the second half of 2023: CFRA's Sam StovallSam Stovall, CFRA chief investment strategist, joins 'Closing Bell Overtime' to discuss market performance in the second half of the year and what to expect from the Federal Reserve for the rest of the year.
Persons: CFRA's Sam Stovall Sam Stovall Organizations: Federal Reserve
A big start for stocks in the first six months of 2023 could be a signal that even bigger things are on the way for the rest of the year. Historically, a positive first half has led to gains in the second half 72% of the time, above the normal 69% rate in data cited by CFRA that goes back to 1945. However, history also has shown that the stronger the start, the stronger the finish. The scenario has seen gains 82% of the time. "With this year's S & P 500 gain of nearly 15% YTD through June 16, history suggests investors hold onto their hats, since a stellar H2 may be in order," Sam Stovall, CFRA's chief investment strategist, said in a client note Tuesday.
Persons: CFRA, that's, Sam Stovall
The reshoring trend is bringing manufacturing back into the U.S., putting the need for robots and automation at the forefront of the building boom. But with a tight labor market, companies are incorporating more automation and robotics into these brand new factories. Another robotics company Daryanani picked was Azenta . Sakraida said it could see upside as it gradually exposes itself more to the reshoring trend. It's working toward becoming a pure-play automation company," Sakraida said.
Persons: Jonathan Sakraida, reshoring, Carol Schleif, BMO's, Amit Daryanani, Daryanani, chipmakers, Morgan Stanley, industrials, Jonathan Coleman, Janus Henderson, Sakraida, Chris Snyder, Rockwell, — CNBC's Michael Bloom Organizations: UBS, Labor, BMO Family, HP, Janus Henderson Investors, Lincoln Electric, Rockwell Automation, ROK, Emerson Electric, Emerson Locations: U.S
The stock market's strength in 2023 is giving BMO Capital Markets reason to turn more bullish on the setup going forward. But even after a slew of significant rate increases, signs point to easing inflation and a strong and a resilient labor market, Belski said. .SPX YTD mountain S & P 500's 2023 performance "In other words, we believe the anticipated recipe for disaster is simply not present," he wrote. "So, from our perspective, all the worries that damaged 2022 market performance are slowly beginning to subside." "So, despite an extremely strong YTD sector performance, we believe the momentum, even if it slows a bit, is likely persist for the foreseeable future."
Persons: Brian Belski, CFRA's Sam Stovall, Belski, Price, — CNBC's Michael Bloom Organizations: BMO Capital, Federal Reserve Locations: Tech
In a note to clients on Sunday, Bank of America strategist Savita Subramanian hiked her year-end price target for the S & P 500 to 4,300 from 4,000. The S & P 500 is already up more than 9% year-to-date. .SPX YTD line The S & P 500 has gained more than 9% in 2023. The new target puts Bank of America above the average in the CNBC Market Strategist Survey . The highest target among major Wall Street firms is still 4,575 from CFRA's Sam Stovall.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFocus on Tesla remains about the company's margins, says CFRA's Garrett NelsonGarrett Nelson, CFRA analyst, joins 'Squawk on the Street' to discuss what investors can expect from Tesla's annual shareholder meeting, any key questions for Tesla after the company's earnings and more.
Expectations that the Fed will start cutting interest rates in July briefly spiked up to 50% this past week. But the Fed is unlikely to swing from 10 straight rate hikes to cuts within two months, a Truist Advisory economist said. The probability spiked to nearly 50% over the past week after the release of the April inflation report and another sell-off in regional bank stocks like PacWest. That's when policymakers thought they got a handle on high inflation after an initial round of rate hikes. What's likely to jumpstart rate cuts is job losses, which could arrive toward the end of this year, Skordeles said.
There's an old Wall Street adage that urges investors to "sell in May and go away" — but CFRA Research says there's an even smarter way to play the market this spring. According to the Stock Trader's Almanac , the worst six months of the year for the S & P 500 starts in May and runs through October. The strategist says traders can look toward defensive names during the May slump, instead of entirely exiting the market. Indeed, since 1990, while the entire S & P 500 gained 6.7% annually, average price gains from equal exposure to these four sectors returned 9.0%. The stock almanac's editor, Jeff Hirsch, said that reducing long exposure and adopting a defensive stance will pay off for investors during the low period.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're bullish on long-term earnings growth for Tesla, says CFRA's Garrett NelsonGarrett Nelson, CFRA senior equity research analyst, joins 'Squawk Box' to discuss his expectations from Tesla's quarterly earnings, why he remains bullish on the company's earnings growth long-term, and more.
Tesla set to report first-quarter earnings after the bell
  + stars: | 2023-04-19 | by ( Lora Kolodny | ) www.cnbc.com   time to read: +2 min
Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. Tesla is scheduled to report first-quarter earnings for 2023 after the close of trading on Wednesday. A month earlier, Musk announced plans to build a Tesla factory in Monterrey, Mexico, a day's drive from a relatively new factory in Austin, Texas. And more recently, Tesla said it plans to set up a factory to make Megapacks, or large lithium ion battery-based energy storage systems, in Shanghai. WATCH: CFRA's Garrett Nelson bullish on long-term earnings growth for Tesla
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRegional banks have the potential for significant deposit declines, says CFRA's Alexander YokumAlexander Yokum, banking analyst at CFRA Research, joins 'Squawk on the Street' to discuss regional bank risks, net interest margin compression, and bank loan growth numbers.
Chip stocks made a breathtaking comeback in the first quarter, but don't be surprised if the rally gives up some of its gains, investors warn. The semiconductor sector on Friday wrapped up its best quarter since 2020 as investors rotated back into the downtrodden industry, with names like Nvidia notching its best quarterly stretch since 2001. The recent tear in semiconductor stocks brings the sector into overbought territory versus non-financial cyclicals, said Credit Suisse's Andrew Garthwaite in a recent note. Like many investors, Niles views Nvidia as a dominant AI play despite its rich valuation . While the stock's given those gains, many investors viewed the print as a sign of a bottom.
Households and businesses may find it harder to get loans from regional banks as people pull deposits from those lenders. "The greatest vulnerabilities with respect to credit creation going forward lie with non-mortgage bank lending to households and mortgage bank lending for non-financial non-corporate businesses," JPMorgan said. Regional banks are "very important" to the financial system, CFRA's Yokum said. Regional banks can potentially give better service, more customized products, potentially higher deposit rates," he said. Some hefty figures illustrate the "disproportionately large" role small banks hold in lending in the US.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed won't cut rates until the beginning of 2024 at the earliest, says CFRA's Sam StovallSam Stovall, CFRA Research chief investment strategist, joins CNBC's 'Squawk on the Street' to discuss the Fed's upcoming interest rate decision and what it means for markets.
The Vanguard Growth ETF (VUG) has blown past one of its closest competitor from iShares, the S & P 500 Growth ETF (IVW) . The Vanguard fund has a total return of 7.96% this year, while the iShares fund has returned just 3.15%, according to FactSet. The Vanguard funds track the growth indexes from CRSP, while iShares S & P 500 follows products from S & P Dow Jones. Since IT has done well this year and energy has not, ETFs tracking S & P indices have underperformed growth ETFs tracking other indices," Ullal wrote. Meanwhile, the iShares S & P fund has more than a 4% combined weighting in ExxonMobil and Chevron .
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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDemand for Teslas has continued to rebound since they cut prices, says CFRA's NelsonCFRA Research's Garrett Nelson joins 'Squawk on the Street' to discuss Tesla's Investor Day today and what he expects to hear from CEO Elon Musk.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCFRA's Sam Stovall: Next week's inflation data will calm investors' nervesSam Stovall, CFRA Research chief investment strategist, joins 'Squawk Box' to discuss how he feels about markets now, the economic data that may impact markets, and more.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCFRA's Angelo Zino breaks down Apple ahead of the earnings reportAngelo Zino of CFRA Research joins 'Closing Bell' to discuss what to watch on Apple ahead of earnings.
Stocks look ready for a 'pause and pop' between when the Fed pauses rate hikes and starts cutting, CFRA said. CFRA said the Fed may make its final rate hike of this cycle at the upcoming February 1 meeting. "Historically, the FOMC has started a new rate-easing cycle an average of nine months after the last rate hike. The nine-month gap between a Fed pause in rate hikes and the first interest rate cut usually results in a gain for the S&P 1500 index, he said. Stovall said CFRA apparently not alone in thinking the Fed is on the verge of pausing rate hikes, outpointing the S&P 500's nearly 5% rise since the start of 2023.
Watch CNBC's full interview with CFRA's Ken Leon
  + stars: | 2023-01-17 | 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 EmailWatch CNBC's full interview with CFRA's Ken LeonKen Leon from CFRA joins 'Closing Bell' to discuss today's market action and the impact of Goldman and Morgan Stanley earnings on today's trading.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJames Gorman's strategy is to get a higher multiple, says CFRA's Ken LeonKen Leon from CFRA joins 'Closing Bell' to discuss today's market action and the impact of Goldman and Morgan Stanley earnings on today's trading.
He also thinks earnings expectations are too high and will come down. This hawkish policy will eventually lead to a recession this year, Bierman said, a view that is shared by many on Wall Street. "The market has not priced in earnings misses, the market has priced in earnings beats," he said. Bierman's views in contextBierman's recession call has become a somewhat consensus view on Wall Street. RIA AdvisorsThis translates to lackluster expectations for stocks among Wall Street strategists.
CFRA's Garrett Nelson makes bullish case for Tesla
  + 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 EmailCFRA's Garrett Nelson makes bullish case for TeslaGarret Nelson, CFRA senior analyst, joins 'The Exchange' to discuss the headwinds dragging Tesla stock lower.
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