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☆ Investors should stay cautious with sector positioning, says Mark Luschini, CIO at Janney Montgomery Scott
▼ + stars: | 2022-12-16 | 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 EmailInvestors should stay cautious with sector positioning, says Mark Luschini, CIO at Janney Montgomery ScottMark Luschini, chief investment strategist at Janney Montgomery Scott, joins 'Power Lunch' to discuss the potential strength of a Fed induced recession, leading indicators for timing a recession and investor strategy ahead of a potential downturn.

☆ Here are Thursday's biggest analyst calls: Apple, Amazon, Tesla, Chipotle, Capital One, United & more
▼ + stars: | 2022-12-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley downgrades Capital One and Ally Financial to underweight from equal weight Morgan Stanley said in its downgrade of Capital One and Ally Financial that it sees "significant risk" for both stocks. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by it's overweight rating on Tesla but is concerned 2023 could be a disappointing year in general for electric vehicles. Morgan Stanley initiates Vizio as equal weight Morgan Stanley said it's concerned the television tech company lacks scale to keep up with bigger competitors. Morgan Stanley reiterates Salesforce as overweight Morgan Stanley said it's standing by shares of Salesforce after the company's disappointing earnings report on Wednesday. Morgan Stanley reiterates Snowflake as overweight Morgan Stanley said investors should stick with shares of Snowflake for the long-term after its earnings report on Wednesday.

[1/4] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 21, 2022. The pan-European STOXX 600 index (.STOXX) closed down 0.13% while MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.09%. "It's going to be a busy second half of the week with all the data points we're expecting. Oil prices climbed on hopes for a relaxation of China's strict COVID-19 controls, which had fueled demand concerns. Gold prices rose with help from the dollar's retreat and hopes for less aggressive U.S. rate hikes going forward.

☆ How Ukraine Blew Up a Key Russian Bridge
▼ + stars: | 2022-11-17 | by ( Marco Hernandez | James Glanz | ) www.nytimes.com time to read: +8 min

Last month, a truck laden with explosives drove across the Kerch bridge, a critical artery connecting Russia with its troops fighting in southern Ukraine. Structural and explosive experts who reviewed the bridge’s design and imagery of the blast offered new details on how the bridge was damaged. There are few direct parallels to such a spectacular act of sabotage on a bridge behind enemy lines in wartime. The blast ignited a train carrying large fuel tanks on an adjacent bridge, creating flames and a plume of smoke. “If it were a suicide truck bomb,” Mr. Nair said, “I would think the guy would have destroyed the main span.”But the trigger for the bomb is still unknown.

☆ Stock market bottom will be determined by recession aversion, says Janney Montgomery Scott's Luschini
▼ + stars: | 2022-11-11 | 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 EmailStock market bottom will be determined by recession aversion, says Janney Montgomery Scott's LuschiniMark Luschini, Janney Montgomery Scott chief investment strategist, joins 'Power Lunch' to discuss if equity markets have hit their bottom, where he would put discretionary dollars to work and more.

‘Black Panther: Wakanda Forever’Even before making its way to theaters, “Black Panther: Wakanda Forever” — the long-awaited sequel to the 2018 film starring Chadwick Boseman — has birthed some of this fall’s biggest pop culture moments, including a Rihanna song drop. “Black Panther: Wakanda Forever” opens in U.S. theaters Nov. 11. “The Inspection” opens in U.S. theaters Nov. 18. “Bones and All” opens in U.S. theaters Nov. 23. “Strange World” opens in U.S. theaters Nov. 23.

ZURICH/NEW YORK, Oct 28 (Reuters) - After months of reflecting, Credit Suisse's chairman Axel Lehmann revealed an overhaul "to rebuild Credit Suisse as a strong ... bank with a firm foundation, rock-solid like our Swiss mountains". On Thursday, Credit Suisse outlined plans to raise 4 billion Swiss francs from investors, cut thousands of jobs and shift its focus from investment banking towards its rich clients. Credit Suisse said its clients pulled funds in recent weeks at a pace that led the lender to breach some regulatory requirements for liquidity, underscoring the deep impact of wild market swings and social media speculation about its health. It will separate its investment bank to create CS First Boston, focused on advisory work such as mergers and acquisitions and arranging deals on capital markets. And that's the pond that Credit Suisse is swimming in."

☆ Stocks making the biggest moves midday: Snap, American Express, Verizon, Twitter and more
▼ + stars: | 2022-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Snap — Shares of the Snapchat parent company cratered 30% after missing revenue estimates and sharing its slowest sales growth since going public as advertising spending slows. The results from Snap hit other ad-reliant stocks, sending shares of Pinterest and Meta Platforms down about 7.7% and 2.6%, respectively. Twitter — The social media stock sank more than 4% Friday amid a slew of media reports surrounding Twitter and Elon Musk. American Express – Shares of American Express fell about 3.5% even after the bank reported quarterly earnings and revenue that beat analysts' expectations. Huntington Bancshares — Shares gained 8% after the bank operator topped earnings estimates for the third quarter and upped its net interest income outlook for 2022.

☆ Goldman to merge investment banking, trading as Marcus takes backseat
▼ + stars: | 2022-10-18 | by ( Saeed Azhar | Lananh Nguyen | ) www.reuters.com time to read: +4 min

The group’s reorganization sees its investment banking and trading businesses merged into a single unit, two people familiar with the matter told Reuters. It is the biggest shakeup since the company’s investor day in early 2020 when it outlined plans for four core units: investment banking, global markets, consumer and wealth management and asset management. “They’re excellent at trading, excellent (at) investment banking,” said Marinac. But the consumer banking unit that launched in 2016 has struggled to gain traction and suffered from delays. The combined investment banking and trading group will be overseen by Dan Dees and Jim Esposito, who are currently global co-heads of Goldman’s investment banking division, and Ashok Varadhan, now co-head of its global markets division, according to Bloomberg.

REUTERS/Andrew KellyOct 14 (Reuters) - Profits slid at Wall Street's biggest banks in the third quarter as they braced for a weaker economy while investment banking was hit hard, but investors saw a silver lining with some banks beating estimates. Banks set aside more money in preparation for a hit from a potential economic slowdown. Marinac said investors would want to see banks build reserves at this point in the economic cycle. Morgan Stanley's earnings showed that investment banking revenue more than halved to $1.3 billion with declines across the bank's advisory, equity and fixed income segments. Corporations' interest in mergers, acquisitions and initial public offerings dried up, particularly hitting banks strong in investment banking.

☆ Janney Montgomery Scott's Mark Luschini urges near-term caution
▼ + stars: | 2022-10-12 | 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 EmailJanney Montgomery Scott's Mark Luschini urges near-term cautionMark Luschini, Janney Montgomery Scott chief investment strategist, joins 'Power Lunch' to discuss September's Fed minutes, cautious sectors to invest in, and forces influencing defensive stock prices.

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