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☆ This 'stealthy' AI play is setting up for upside, says chart analyst
▼ + stars: | 2023-09-06 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

The stock is a "stealthy way to think about AI," Johnson said. The company also said it plans to double its AI talent to 80,000 employees through hiring, acquisitions and training. Johnson also mentioned oilfield services company Baker Hughes and engineering and construction firm Fluor as stocks with potential upside. While the chart analyst said he is not convinced that the energy sector overall isn't "really ready to work," he sees Baker Hughes getting back to its March 2022 highs. BKR 1Y mountain Baker Hughes stock.

Persons: Piper Sandler, Craig Johnson, hasn't, Johnson, Baker Hughes Organizations: Accenture, Accenture —, Baker, & ' $ Locations: Wednesday's, . Texas, U.S

☆ The housing market is stuck: Americans can't afford homes, investors aren't buying property, and economists see little relief ahead
▼ + stars: | 2023-09-02 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Low inventory, high mortgage rates, and high prices have created a difficult housing market. Low inventory, high mortgage rates, and high prices have put the housing market into a state of unaffordability that's weighing on house hunters, current homeowners, and even real estate investors. AdvertisementAdvertisementAs things stand, roughly one-quarter of homeowners are sitting on mortgage rates of less than 3%, near the highest on record. The seasonally-adjusted data showed prices climbed in every single city in the group's 20-city index. Otherwise said, half the cities in our sample now sit at all-time high prices."

Persons: we've, Craig J, Lazzara, DJI, Daryl Fairweather, haven't, Shay Stein, Realtor.com, Fannie Mae, Bill McBride Organizations: Homeowners, Service Locations: Wall, Silicon, Realtor.com

☆ Piper Sandler's Craig Johnson breaks down the technicals of NVDA, ANF, MRNA & MSFT
▼ + stars: | 2023-08-16 | 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 EmailPiper Sandler's Craig Johnson breaks down the technicals of NVDA, ANF, MRNA & MSFTCraig Johnson, Piper Sandler, joins 'Power Lunch' to discuss technical support for Nvidia, Abercrombie & Fitch, Moderna and Microsoft.

Persons: Piper Sandler's Craig Johnson, MSFT Craig Johnson, Piper Sandler Organizations: Nvidia, Abercrombie, Fitch, Moderna, Microsoft

☆ Costco's iconic $1.50 hot dog combo has a viral T-shirt design celebrating its cult status
▼ + stars: | 2023-06-24 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

Costco's famous $1.50 hot dog and soda combo is more than a great lunch deal. It's an object of corporate mythology, an inflation-proof icon and, most recently, a TikTok famous T-shirt design. A quick Google search for "Costco hot dog shirt" brings up dozens of results from retailers all over the web with designs featuring the no-frills signage found in every Costco food court. They have rapidly spread across the web thanks to a viral TikTok from Eaton Print Shop. "I had the idea to draw it," Jacob said of the Costco signage.

Persons: Jacob, Craig Jelinek, Jim Sinegal, Jelinek Organizations: Eaton Print, Costco Locations: Eaton

☆ Johnson: Markets will likely move higher into the end of this year after the Fed's last hike
▼ + stars: | 2023-06-21 | 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 EmailJohnson: Markets will likely move higher into the end of this year after the Fed's last hikeCraig Johnson, Piper Sandler Chief Market Technician, discusses the Fed, the markets, and his S&P 500 price target.

Persons: Craig Johnson, Piper Organizations: Johnson

☆ CEOs do matter when picking stocks. 5 things we look for in a leader and examples from our portfolio
▼ + stars: | 2023-06-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +16 min

It's not unusual for a company's stock price to soar — or sink — on news of a CEO shakeup. So, CEOs matter when picking stocks — and at the Club, these are the five things we look for when evaluating the leaders of our holdings. A stock's day-to-day and even month-to-month performance may not truly reflect how well a CEO is leading a company. Trust has value, and the stocks of companies led by reputable CEOs with competent management teams can trade at premium valuations. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Mary Dillon, Locker, J im Cramer, buybacks, Rainer Blair, —, Kevin Johnson, Marc Benioff, Mark Zuckerberg, Zuckerberg, we've, Bruce Broussard, Humana, Jeff Smith's, Craig Jelinek, who's, that's, Jelinek, it'd, Andy Jassy, Tim Cook, he's, Cook, Jim Cramer's, Dan Schulman, Sanjiv Lamba, Linde, Lamba, Eli Lilly, Dave Ricks, Eli Lilly's, Jim, Lilly, Jim Farley, Farley, Elon Musk's Tesla, Ford, LLY, Jim Cramer, Spencer Platt Organizations: Club, McKinsey & Co, Natural Resources, GE Life Sciences, SVB Securities, Starbucks, Humana, Bain & Co, Costco, CNBC, Apple, Amazon's, Football, MGM, Management, PayPal, Linde, LIN, Ford Motor, Wall, EV, Ford, The New York Stock Exchange, Financial, Getty Locations: U.S, Manhattan, New York City

☆ Costco Isn't Raising Member Fees Even Though They're Due for a Hike
▼ + stars: | 2023-06-03 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Costco fans don't have to worry about the chain raising its membership fees, at least not yet. CFO Richard Galanti said last week that it has been about 6 years since the last hike. He said that's usually the amount of time between increases yet there are no plans to boost fees. It typically raises membership fees about every five and a half to six years, but a top executive recently said the chain isn't planning to bump the fees — at least not yet anyway. Costco recently checked in near the top of an annual survey of America's most trusted brands, second only to Patagonia.

Persons: Richard Galanti, that's, —, didn't, Galanti, we've, Craig Jelinek Organizations: Costco, Service, Walmart, Target Locations: Patagonia

☆ It's not just the Costco $1.50 hot dog combo—4 products that have beaten inflation
▼ + stars: | 2023-06-02 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Customers wait in line to order below signage for the Costco Kirkland Signature $1.50 hot dog and soda combo in Hawthorne, California. Hot Wheels' $1 toy carHot Wheels toy cars have been able to hover around $1 since their inception. In fact, when you account for inflation, it's cheaper to buy a new Hot Wheels car today than it was 55 years ago. Today, you can buy a single Hot Wheels car from Target for just $1.29. Costco's $1.50 hot dog and soda comboNot many companies pledge to never raise the price of an item, which is part of why the famous Costco $1.50 hot dog and soda combo gets so many headlines — especially when inflation is running rampant.

Persons: Don Vultaggio, Jim Sinegal, Craig Jelinek, Jelinek's, Jelinek Organizations: Costco, CNBC, Hershey, Walmart Locations: Hawthorne , California, AriZona, Target

☆ S&P 500 futures are flat as House prepares to vote on debt ceiling bill: Live updates
▼ + stars: | 2023-05-31 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Stock futures held steady in overnight trading Wednesday after the market wrapped the month of May, marked by a dramatic rally in artificial intelligence-related stocks. S&P 500 futures and Nasdaq 100 futures were both flat. The S&P 500 inched up 0.3% in the month, while the blue-chip Dow fell almost 3.5%, dragged down by Nike , Walt Disney and Chevron . Investors are closely watching a bill that would raise the debt ceiling and cut government spending. Beyond the debt ceiling battle, investors are looking ahead to the Federal Reserve's June 13-14 policy meeting as another possible market catalyst.

Persons: Nordstrom, Salesforce, Dow, Walt, Craig Johnson, Piper Sandler, Adam Turnquist, Patrick Harker Organizations: NYSE, Stock, Dow Jones, Nasdaq, Nvidia, Nike, Walt Disney, Chevron, Investors, LPL, Philadelphia Fed Locations: Washington, Philadelphia

☆ US home prices just jumped for the second-straight month, suggesting the housing downturn could be over. Here are the 6 cities where prices are rising the fastest.
▼ + stars: | 2023-05-31 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

In the 20-city version of the index, all 20 of the cities saw home prices rise month-over-month. "That said, the challenges posed by current mortgage rates and the continuing possibility of economic weakness are likely to remain a headwind for housing prices for at least the next several months." "A shortage of listings, plentiful jobs, and strong wage growth are largely offsetting the headwind to housing from high mortgage rates," Adams told Insider. Their reasons include high mortgage rates, historically low affordability, and a potential recession. Below, we've listed in descending order the six cities in the Case-Shiller 20-city index that posted month-over-month growth of at least 2%.

Persons: Craig J, Lazzara, Bill Adams, Adams, Suisse's Ray Farris, Rosenberg Research's David Rosenberg, Ian Shepherdson, American Enterprise Institute's Desmond Lachman, Skylar Olsen Organizations: Home, NSA, Redfin, Comerica Bank, American Enterprise Locations: Denver, Detroit, San Francisco, San Diego, Seattle, Minneapolis, West Coast, Miami , Florida, Tampa , Florida, Charlotte, North Carolina

☆ Home price declines may be over, S&P Case-Shiller says
▼ + stars: | 2023-05-30 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Nationally, home prices in March were 0.7% higher than March 2022, S&P CoreLogic Case-Shiller Indices said Tuesday. "The modest increases in home prices we saw a month ago accelerated in March 2023," said Craig J. Lazzara, managing director at S&P DJI, in a release. Before seasonal adjustment, prices rose in all 20 cities in March (versus in 12 in February), and in all 20 price gains accelerated between February and March. Miami, Tampa, Florida, and Charlotte, North Carolina, saw the highest year-over-year gains among the 20 cities in March. Compared with a year ago, 19 of 20 cities reported lower prices with only Chicago showing an increase at 0.4%.

☆ Sideways stock market is making traders crazy, but the pain trade is still up
▼ + stars: | 2023-05-17 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

Second quarter guidance is light, but guidance is unchanged for the year. Traders are "not sure they should be leaning into, or out of, the market," Craig Johnson at PiperSandler tells me. One of the favorite indicators traders like to use is the "pain trade." "The pain trade is up," Johnson, a chief market technician, tells me. "Everyone is negatively positioned; the real risk is they get caught offsides and the market moves higher."

☆ Piper Sandler's Craig Johnson explains why he's bullish on the S&P 500, Apple, and Bitcoin
▼ + stars: | 2023-05-15 | 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 EmailPiper Sandler's Craig Johnson explains why he's bullish on the S&P 500, Apple, and BitcoinCraig Johnson, Piper Sandler chief market technician, joins 'Squawk Box' to discuss the latest market trends, and why he is bullish on the S&P 500, Bitcoin and Apple.

☆ How to trade three stocks with earnings on deck: PYPL, LCID, WMG
▼ + stars: | 2023-05-08 | 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 EmailHow to trade three stocks with earnings on deck: PYPL, LCID, WMGPiper Sandler's Craig Johnson joins 'The Exchange' to share his earnings takeaways and expectations for Paypal Holdings, Lucid Group, and Warner Music Group.

☆ Analysis: Bearish fundamentals, buoyant charts complicate outlook for US stocks
▼ + stars: | 2023-04-21 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

Technical indicators such as equity price movement largely show stocks are poised to continue a rally that has seen the S&P 500 climb 8% year-to-date, analysts who track them said. TECHNICALLY SPEAKINGThe S&P 500 (.SPX) has traded in a 9.7 percentage point range year-to-date, its narrowest range for comparable periods since 2017. Johnson, who has a year-end S&P 500 target of 4,625, is encouraged by the reversals in downtrends for many U.S. stock indexes. The S&P 500 has traded higher 83% of the time for the full year, returning an average 13.73%, when it hasn't dropped below the preceding year’s December low in the first quarter, a Piper Sandler analysis showed. The S&P 500 is trading at about 18 times 12-month forward earnings estimates compared to its long-term average P/E of 15.6 times, according to Refinitiv Datastream.

☆ Johnson: The S&P 500 can trade upwards of 4,300 from here
▼ + stars: | 2023-04-12 | 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 EmailJohnson: The S&P 500 can trade upwards of 4,300 from herePiper Sandler chief market technician Craig Johnson says the market trendlines are still positive, and while there could be a correction, it's not likely to happen until the Fed start to cut rates.

☆ Starbucks new CEO wants senior leaders to work in stores. Every leader should follow suit.
▼ + stars: | 2023-04-10 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +7 min

Former Walmart CEO Greg Foran used to visit stores every week to observe factors like customer service, inventory levels, in-stock levels, and assortment. Fewer retail CEOs got their start working in storesLowe's CEO Marvin Ellison started his retail career as a Target security guard. Others went through management-training programs operated by department stores. As department stores started facing stiff competition from specialty stores, they scrambled to cut costs. These days, finding a qualified retail CEO seems like one of the hardest jobs to fill, with many companies looking outside the retail industry.

☆ Starbucks' new CEO plans to spend time working at his company's coffee shops. Here's why every retail leader should take a shift on the sales floor.
▼ + stars: | 2023-04-03 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +7 min

Former Walmart CEO Greg Foran used to visit stores every week to observe factors like customer service, inventory levels, in-stock levels, and assortment. Fewer retail CEOs got their start working in storesLowe's CEO Marvin Ellison started his retail career as a Target security guard. David Swanson/ReutersOf course, times have changed — in the past, many retail CEOs got their start at the store level. As department stores started facing stiff competition from specialty stores, they scrambled to cut costs. These days, finding a qualified retail CEO seems like one of the hardest jobs to fill, with many companies looking outside the retail industry.

☆ Senate Democrats urge Walmart, Costco, Albertsons and Kroger to sell abortion pill mifepristone
▼ + stars: | 2023-03-14 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Erin Hooley | Tribune News Service | Getty ImagesSenate Democrats called on Walmart , Costco , Albertsons and Kroger to sell the prescription abortion pill mifepristone and clearly let customers know how to get it at their pharmacies. The companies have not publicly stated yet whether they plan to sell mifepristone at their pharmacies. The 17 senators told Walmart CEO Doug McMillon, Costco CEO Craig Jelinek, Albertsons CEO Vivek Sankaran and Kroger CEO Rodney McMullen that they are frustrated the companies have not yet publicly indicated whether they will sell mifepristone. Major retailers in the U.S. have been thrust in the middle of the nation's deep divisions over abortion as they weigh whether to sell mifepristone. Walgreens has come under fire after it told the GOP attorneys general that it would not sell mifepristone in their states.

☆ Costco says the time to raise membership prices is 'about now,' but it won't just yet: 'We'll let you know'
▼ + stars: | 2023-03-02 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

For now, Costco is not raising the fee for members of its warehouse club, CFO Richard Galanti said Thursday. The company last increased its fee in 2017 from $55 to $60 for a basic one-year membership. The Issaquah, Washington, mega-retailer told investors Thursday that, for the time being, it would not raise the annual fee for its Gold Star membership from $60. Over 30 million households have Costco's $120 Executive Membership, and Galanti said Executive members represent nearly three-quarters of the company's total sales. He pointed to Costco's popular $4.99 rotisserie chicken as one way the company aims to reward members and drive sales.

☆ The Fed's own economists are warning of a 19.5% housing correction and more rate hikes could set off a 'domino effect'
▼ + stars: | 2023-03-01 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

For more on that, I recommended reading my colleague Dan DeFrancesco's excellent 10 Things on Wall Street newsletter. And for today, let's see why the Fed's own economists are warning of a nearly 20% housing correction. They argued US home prices would have to tumble nearly 20% to bring the housing market back to fundamentals — and additional Fed rate hikes could lead to an even worse housing correction. Have you entered or exited the housing market in the last year? These four charts explain the troubling state of the housing market right now.

☆ US home prices fell in December for the sixth-straight month
▼ + stars: | 2023-02-28 | by ( Anna Bahney | ) edition.cnn.com time to read: +2 min

Washington, DC CNN —US home prices fell for the sixth month in a row in December, as rising mortgage rates pushed prospective buyers out of the housing market, according to the latest S&P CoreLogic Case-Shiller US National Home Price Index, released Tuesday. Compared to prices from the year before, US home prices nudged higher in December, but the pace of that growth slowed from prior months. The cities with the strongest price appreciation were all in the Southeast, with Miami, up 15.9% from last year, seeing the strongest prices for the fifth-straight month. In November, prices in San Francisco had fallen on a year-over-year basis and the city’s decline worsened in December, with prices down 4.2% year-over-year. “Given these prospects for a challenging macroeconomic environment, home prices may well continue to weaken.”This story is developing and will be updated.

☆ Home price gains weakened sharply to end 2022, according to S&P Case-Shiller
▼ + stars: | 2023-02-28 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Higher mortgage rates weighed on home price gains at the end of 2022. While prices were still higher than they were a year earlier, the rate of increase slowed quickly, according to data released Tuesday. Home prices in December were 5.8% higher than the previous December, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. For all of 2022, the 5.8% price gain was the 15th best performance in the index's 35-year history, but was well below 2021's record-setting 18.9% gain. Weekly data on buyer activity indicates that homebuyers may be watching mortgage rates closely.

☆ Johnson: We're seeing a downtrend reversal on all the major averages
▼ + stars: | 2023-02-22 | 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 EmailJohnson: We're seeing a downtrend reversal on all the major averagesPiper Sandler's Craig Johnson discusses his forecast for the markets.

☆ Retail CEO crisis: With recent shakeups at Kohl's, Adidas, Dollar General, and more, the industry's top job is suddenly the hardest to fill
▼ + stars: | 2023-02-11 | by ( Matthew Kish | Avery Hartmans | ) www.businessinsider.com time to read: +8 min

It's the surest sign yet of a crisis facing the retail industry. Supply chains got snarled, shoppers stopped visiting stores, and stimulus payments spiked demand, each making it difficult to measure how business was doing. Then stimulus payments sent demand for everything from sneakers to home goods spiking while supply chains snarled. And just when supply chains started to sort themselves out, inflation hit, and shoppers started to scale back spending. Retail CEOs need 'peripheral vision'Workers at Starbucks stores and Amazon warehouses across the country have pushed to unionize, with many calling out the pay disparity between front-line workers and top executives.

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