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Cramer's lightning round: Booz Allen is a buy
  + stars: | 2022-11-11 | by ( Krystal Hur | ) www.cnbc.com   time to read: 1 min
Loading chart...Booz Allen Hamilton Holding Corp : "It was down big today, and I would be a buyer." Loading chart...Piedmont Lithium Inc : "I want you in something much more substantive than that." Loading chart...Lumen Technologies Inc : "They're behind the eight ball, frankly. I just am afraid that it's just too risky."
Lyft – Shares of Lyft plummeted 21% after the company's earnings report showed mixed results in the last quarter. SolarEdge Technologies – Shares of SolarEdge rose 18% after the company reported record revenue in its last quarter that beat analysts' expectations. Revenue fell short of estimates coming in at $967 million instead of $979 million. Perrigo – Shares of pharmaceutical company Perrigo slumped 16% after the company reported earnings and revenue that fell short of analysts' expectations, according to Refinitiv. The company reported $198.3 million in revenue, which beat expectations, according to StreetAccount.
Morning Bid: Downbeat on the downshift
  + stars: | 2022-11-02 | by ( ) www.reuters.com   time to read: +4 min
A look at the day ahead in U.S. and global markets from Mike Dolan. The recent burst of stock market optimism around the world still seems to be on shaky ground. Despite expectations the U.S. Federal Reserve will signal a much-vaunted 'downshift' in its rate rise campaign from next month - following a fourth straight 75 basis point rise on Wednesday - the incoming economic numbers won't play ball. The other slightly peculiar source of global market optimism this week has been unverified speculation over the past 48 hours that China will ease its draconian zero COVID rules in March. In Europe, markets awaited the Bank of England's latest interest rate decision on Thursday - with the bank's biggest rate rise in 33 years forecast.
Elon Musk photo, Twitter logos and U.S. dollar banknotes are seen in this illustration, August 10, 2022. The banks, which include Morgan Stanley and Barclays Plc (BARC.L), did not respond to requests for comment. Representatives for Musk and Twitter did not immediately respond to requests for comment. He has not revealed details on Twitter's new leadership and business plan, and many debt investors are holding back until they get more details on that front, the sources said. The debt package for the Twitter deal is comprised of junk-rated loans, which are risky because of the amount of debt the company is taking on, as well as secured and unsecured bonds.
The major averages are up this week on the back of those results, with the S & P 500 roughly 3.8% higher. When a beaten-up stock market is bouncing off recent lows, the most hated names are sometimes what leads the way back. We screened for risky and hated names in the S & P 1,500 Composite Index. These stocks are down more than double the broader market this year, and have more than 10% of their tradable shares shorted. About 38% of tradable shares are being shorted.
Oct 17 (Reuters) - Bank of America Corp (BAC.N) on Monday reported a smaller-than-expected 9% drop in quarterly profit, as its interest income was bolstered by rising interest rates that offset a slump in investment banking. BofA holds a large base of consumer deposits, compared with its main rivals, making it more sensitive to any changes in interest rates. "Consumers remain resilient," Bank of America Chief Executive Officer Brian Moynihan told analysts on a conference call. The bank, however, added $378 million to its loan-loss reserves as it braces for a weakening economy. Citigroup Inc (C.N) wrote down $110 million on leveraged loans in the third quarter, down from $126 million in the previous quarter.
Bank of America holds a large base of consumer deposits, compared with its main rivals, making it more sensitive to any changes in interest rates. Its net interest income jumped 24% in the third quarter. JPMorgan Chase & Co (JPM.N) Citigroup Inc (C.N), and Wells Fargo & Co (WFC.N) also saw their net interest income rise in the same period. read moreThe bank's leveraged loan losses were lower in the third quarter than in the second, Borthwick said. Peer Citi also wrote down $110 million on leveraged loans in the third quarter, down from $126 million in the previous quarter.
SINGAPORE, Oct 16 (Reuters) - Singapore-based digital wealth advisor Endowus has acquired a majority stake in Hong Kong-based wealth manager and multi-family office Carret Private Investments Limited, it announced on Monday. With the acquisition, total assets under management of the Endowus group - comprising Endowus' licensed companies in Singapore and Hong Kong, as well as Carret Private - stands at over $4 billion across tens of thousands of clients as at the end of the first half this year. The group, through Carret Private’s minority shareholding, will also have a partnership with Singapore-based wealth advisor and multi-family office Lumen Capital Investors. Lumen is founded and led by Wilfried Kofmehl, former CEO of Bank Julius Baer Singapore. Register now for FREE unlimited access to Reuters.com RegisterReporting by Rae Wee; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.
NEW YORK (Reuters) -Citigroup took a $110 million writedown on leveraged loans in the third quarter, the company said on Friday as its Wall Street competitors downplayed their exposure to the sector. Banks have since pulled back from leveraged financing in the wake of losses taken on Citrix and other deals, as investors lost their appetite for riskier, floating-rate leveraged loans amid rapid interest rate hikes and fears of recession. “There are no real levels of loan write-down this quarter, and that market isn’t yet to clear,” Jamie Dimon, JPMorgan’s chief executive officer, told analysts on a conference call. So we’re very comfortable.”Morgan Stanley also scaled back its leveraged exposure in the third quarter. “They actually were quite modest marks, given the environment,” Sharon Yeshaya, Morgan Stanley’s chief financial officer, told analysts.
In this article CEGENPHETSYNFLXBIIBVFCCTLTLUMNFDX Follow your favorite stocks CREATE FREE ACCOUNTwatch nowCNBC's Jim Cramer on Tuesday gave his take on the winning and losing stocks in the S&P 500 during the third quarter. WinnersZoom In Icon Arrows pointing outwardsConstellation Energy Cramer said that the company is "perfectly crafted" for the ESG movement. Netflix The company's stock should be able to continue gaining if Netflix doesn't botch the launch of its ad-supported tier, he predicted. Biogen Cramer said he has faith in the company's Alzheimer's drug, though he believes Eli Lilly's will be better. VF Corp Cramer said he has no faith in the apparel stock's ability to rally in the current inflationary environment.
In the previous session, the S & P 500 reached a new bear market low of 3,623.29, indicating that stocks could still have further to fall. Investors wanting to counter the market turbulence with income can look to stocks with high dividend yield and growth. Goldman Sachs has a basket of cheap stocks, with a median dividend yield of 3.4%, compared to the S & P 500's 1.8%. That's followed closely by Ford Motor, which has a 3.4% dividend yield, and projected growth of 100%. Among financials, Morgan Stanley has the fastest projected dividend growth at 21%.
Citrix Systems logo is seen on smartphone placed on U.S. While the syndication was completed successfully, it was done at a steep discount to the levels that the banks underwrote the debt. It was also buoyed by one of Citrix's acquirers, hedge fund Elliott Management, helping out by buying $1 billion in bonds, a second source said. They also sold a $4 billion three-year Citrix bond for 83.6 cents on the dollar, resulting in a higher than expected yield of 10%, the sources added. More debt syndication pain for the banks is on the way.
Here's what you should know about how to invest in communications stocks, what the risks are, and what rewards you might anticipate. Companies in the media, entertainment, interactive gaming, information creation, and information distribution businesses also belong to the communications sector. Basically, it expanded the existing telecommunications sector to become a broader communications services sector. The advantages of communications stocksThere are a variety of reasons for investors to consider communications companies. And the COVID-19 lifestyle shifts might make us permanently more reliant on communications companies, even once the pandemic is behind us.
Din sălile restaurantelor din Chișinău astăzi ne mutăm în bucătăria mea unde am gustat mai multe produse semifabricate, marca LumenCraft Gastro. La fel de delicioasă a fost și sarailia cu măr. Am gustat din salamul de casă (45 MDL, 300 g) și Sângerete „Кровянка” – (27 MDL, 300 g). Tehnologul și cofetăriei Elena Moroz a fost la stagiere în Italia și România, unde a învățat tehnica și tehnologia de pregătire a înghețatei Gelato. Acest material a fost scris de către Tomm Reviews.
Persons: Tomm Blanaru, Reviews, Lumen, Serghei uțenco, Elena Moroz, Serghei, Le, Serghei Cuțenco Organizations: arnea, , Facebook Tomm Locations: Tomm, Chișinău, pelmenilor, clătitelor, pelmeni, Otac, Rezina, bulgară, Voila, Le, Moscova, stagiere, Italia, România, Barcelona, Roma
Компания «Aerofood» запустила новую сеть кишиневских пекарен-кондитерских «Lumen Craft Bakery». Так, в 2017 году доход от продаж «Aerofood» составил 54 млн леев, в 2018-м — 74 млн леев, а в 2019-м — 151 млн леев. Чистая прибыль выросла втрое — с 11 млн леев в 2017 году до 33 млн — в 2019. Активы увеличились с 19,8 млн леев до 73 млн. Нынешней зимой оператор вышел из «зоны комфорта», открыв первые две кондитерские-пекарни «Lumen Craft Bakery» в кишиневских торговых центрах «Varna» и «Marmelad».
Persons: logos.press.md, Вадим Фотеску, Максим Рижак Organizations: Avia, Locations: Varna
(foto) Localul din Chișinău unde puteți gusta bere craft și sandviciuri, dar și vedea un tractor Lamborghini din anul 1959Tomm Blanaru este autorul blogului Tomm Reviews . Am început cu Litra Brewing Company Oktoberfest (0,5 l – 60 MDL). Nu mă consider un expert în bere, însă pot deosebi berea bună de cea rea. Chicken Sandwich (410 g – 60 MDL)Între două felii de pâine din malț avem pui, cașcaval topit și ceapă caramelizată. În meniu se mai regăsește sandviciul cu cașcaval (300 g – 60 MDL) și scrambel sandwich (340 g – 50 MDL).
Persons: Reviews, Merkel, Putin, Obama, Trump, Joe Biden, Hops, Bernard, Litra, Lumen Craft Porter Locations: Chișinău, sandviciuri, Macron, Labrewtory, Budweiser, Moldova
Unde le poți găsi și ce tipuri de bere poți gustaPentru că e vară și pentru în Republica Moldova avem un număr mare de iubitori de bere, echipa #diez vă prezintă lista berăriilor autohtone, unde puteți găsi bere craft. Așadar, începând de la tipurile bere și până la locațiile unde le puteți savura, le găsiți mai jos. #LitraAici găsiți următoarele tipuri de bere artizanală: Nuit Blanche, Vienna Style Lager, Kollabrett Prune 2016, Pale Ale, Hefeweissbier, Session IPA. #Sunstone AlehouseAici găsiți următoarele tipuri de bere artizanală: Vermont IPA, Milk & Honey IPA , Obsidian, Highland Dew, Smoke at the Dock. #Бендерский ПЗ (Bendery Brew)Aici găsiți următoarele tipuri de bere artizanală: Lager – Pale, Lager – Dark, Kellerbier / Zwickelbier, Wheat Beer.
Persons: craft, Albeer, Urban, Elvis, Elvis Coffee Porter, Elvis Summer, Elvis Nelson, Elvis Porter, Airy, Ginger, Brown, Beerloga, Labrewtory, & Bar, Odd Brew, BLANCHE, Оа, Крафтира Organizations: Urban PUB, Red Vienna, India Pale, Brown Ale, Pale, Amber, Triple, Labrewtory Brewing, &, Beer House Moldova Locations: Republica Moldova, Cahul, Pale Ale, Chișinău, Taproom27, Bălți, Beermaster Golden Lager, Sud, Nord, Red, Weiss, Aeroportului Internațional Chișinău, Vienna Style, Dublin Irish Pub, Smokehouse, Dolce, Vienna Lager, Cartal, Com, India, Beer, Havana, York Pub, Vermont, Vienna Nefiltratā, Grenoble, Pale
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