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☆ Morning Bid: Tech tally in focus, China alarms Europe
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +5 min

Otherwise, a packed earnings season dominates this week's investment radar as more than a third of S&P500 companies report. Including Intel (INTC.O), those five tech stocks have accounted for two-thirds of the S&P500's gains this year - with the Artificial Intelligence craze sparked by the emergence of ChatGPT adding a new non-cyclical attraction to the sector. But before markets get a taste of Q1 tech profits, the reverberations from last month's banking blow-up are still being absorbed. European stocks were slightly negative and U.S. stock futures also marginally in the red ahead of Wall Street's open. The dollar was mixed - up against Asian currencies but off against European currencies amid hawkish European Central Bank soundings on interest rates.

☆ Stock futures inch down as Wall Street awaits tech earnings: Live updates
▼ + stars: | 2023-04-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Stock futures fell slightly on Sunday night as investors await a slew of corporate earnings from big tech companies, as well as fresh economic data releases. First quarter earnings for S&P 500 companies are estimated to decline an overall 5.2%, according to Refinitiv data. Wall Street is looking ahead toward mega-cap tech earnings results this week in what will mark the halfway point of earnings season. "Part of the reason why we're so focused on the economic data is we think the investor narrative is still around the Fed and interest rates. I think, to some extent, the Fed rate hike slowed down the economy.

☆ Is it a bull market or a bear market? Stocks churning in same spot for weeks frustrates investors
▼ + stars: | 2023-04-22 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

Stocks have been churning in a narrow channel on low volume for weeks, the S & P 500 about flat on Friday, flat for the week and barely changed this month. Yet rather than finding comfort in the gentle action anchored to familiar price levels, investors are generally frustrated or confused by it. As Bespoke Investment Group summed it up after Friday's close, "For all the talk about whether we're in a new bull market or still stuck in a bear, at this point it seems like neither. All but one of the prior 13 instances saw the S & P 500 higher six and 12 months later (beyond the initial six-month period). This is an organic insulator of S & P 500 volatility.

☆ Big Tech earnings, crucial inflation call — here comes the biggest week of earnings season
▼ + stars: | 2023-04-22 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Stocks stuck to a holding pattern this week as investors brace for an incoming wave of Big Tech earnings and the Fed's favorite inflation reading. Earnings reports have generally been better than expected so far this first quarter. Humana (HUM) reports before the bell Wednesday; Meta Platforms and Pioneer Natural Resources (PXD) report after the bell Wednesday. ET: Personal Spending & Income (includes PCE Price Index) Club trades this week Just one trade: We added 150 shares of Coterra Energy (CTRA) on Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Dominic Raab, U.K. Deputy Prime Minister, Resigns Amid Bullying Scandal
▼ + stars: | 2023-04-21 | by ( Mark Landler | Stephen Castle | ) www.nytimes.com time to read: +1 min

Dominic Raab, Britain’s deputy prime minister, resigned on Friday after an investigation into claims that he had bullied subordinates, as Prime Minister Rishi Sunak struggles to put a legacy of scandal behind his Conservative government. Mr. Raab, a hard-line Brexiteer who is one of Mr. Sunak’s most loyal political allies, had long denied allegations of abusive behavior. But the investigation, by an independent barrister, laid out a litany of cases in which civil servants accused Mr. Raab, who also serves as justice secretary, of mistreating them. Mr. Raab becomes the third cabinet minister in six months to be forced out over ethics issues, illustrating again the challenge that Mr. Sunak has had in delivering his promise to lead a government of “integrity, professionalism and accountability at every level.”Mr. Sunak rose to power after his former boss, Boris Johnson, was caught in a whirlpool of scandals, most prominently a series of Downing Street parties that violated lockdown rules. His immediate predecessor, Liz Truss, was forced out after her trickle-down tax cuts backfired.

☆ What to watch for in the markets in the week ahead: Monster tech earnings, then sell in May?
▼ + stars: | 2023-04-21 | by ( Scott Schnipper | ) www.cnbc.com time to read: +6 min

More than one third (35%) of the S & P 500 reports earnings next week — including megacaps Microsoft, Alphabet, Meta Platforms and Amazon — versus less than 12% in the week just ended and only 2% last week. So far this quarter, S & P 500 earnings are running 4.7% below the same period a year ago, Refinitiv data shows. Back then, the S & P 500 fell 19.4% from its April high to a low on October 3. Meanwhile, next week is the last full trading week before Wall Street's old adage to "sell in May and go away" takes hold. ET: FHFA Home Price index (February); S & P Case-Shiller home price indexes (February) 10:00 a.m.

☆ Mysterious glowing 'SpaceX spirals' in the night sky seem to be linked to rocket launches
▼ + stars: | 2023-04-19 | by ( Rebecca Cohen | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

It's likely a cloud of excess fuel from a SpaceX rocket launched earlier that day. "SpaceX spirals" are rare, but they may be getting more common. These spirals are appearing shortly after SpaceX rocket launches, and are probably residual fuel the rockets released during flight, space physicist Don Hampton told the Associated Press. SpaceX spirals, jellyfish, and smoke rings may happen more oftenThis is the third time in the past year that a Falcon 9 rocket has appeared to produce a SpaceX spiral. A SpaceX Falcon 9 rocket carrying the company's Crew Dragon spacecraft launches at Cape Canaveral, Florida.

☆ Dramatic image shows a 'plasma waterfall' on the sun that's 8 times the size of Earth
▼ + stars: | 2023-04-14 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

This is the latest in a string of stunning solar events as our sun nears a peak of activity. The solar plasma 'waterfall' is shown here on the southern hemisphere of the sun on March 9, 2023. About every decade, the sun's magnetic poles flip, which causes havoc with local magnetic fields that are bursting all over our star. NASA Solar Dynamics ObservatoryA massive coronal "hole" in our sun that spewed energy towards the Earth in recent weeks. NASA / Solar Dynamics ObservatorySpace weather is not just prettyScientists don't only look to the sun to see these beautiful structures.

☆ Goldman Sachs says this appliance stock is cheap and can jump more than 20%
▼ + stars: | 2023-04-11 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Whirlpool is trading at a discount, and investors should take advantage of it, according to Goldman Sachs. Analyst Susan Maklari upgraded the stock to buy from neutral. Maklari's price target of $160 implies the stock could rally 24% over the next 12 months. A challenging economic environment can be somewhat mitigated in the appliance industry given that 50% of more of demand comes from product replacement, she said. Maklari said operating margin should improve modestly through 2024, helped by deflation in raw materials and sustained list prices increases.

☆ Stocks making the biggest moves premarket: Moderna, CarMax, Whirlpool and more
▼ + stars: | 2023-04-11 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

CarMax — Shares of the vehicle retailer soared 7% on the back of better-than-expected quarterly earnings. Upstart — Upstart fell about 2% after JPMorgan initiated coverage of the lending stock with an underweight rating, citing a worsening environment for loans. Whirlpool — Shares gained more than 2% after Goldman Sachs upgraded Whirlpool to buy from neutral. LendingClub — The lending platform gained 4.8% after JPMorgan initiated coverage of the stock as overweight. Array Technologies — Shares of the solar technology company gained 2% after Wolfe Research initiated coverage of Array with an outperform rating.

Mohawk Industries — Shares of the flooring manufacturer gained 5% after Loop Capital upgraded the company to buy from its previous hold rating. WisdomTree — Shares of the financial firm gained 3% after the company said it had $1.9 billion of net flows in March. New York Community Bancorp — Shares of the regional bank gained 2.7% after Jefferies upgraded the stock to buy from hold. LendingClub — The lending stock gained 5% after JPMorgan initiated coverage of the stock at overweight. Murphy Oil — The natural gas company's shares gained 2.6% after Truist upgraded shares to buy from hold.

☆ Whirlpool upgraded to buy at Goldman Sachs
▼ + stars: | 2023-04-11 | 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 EmailWhirlpool upgraded to buy at Goldman SachsThe "Halftime Report" traders debate the biggest analyst calls of the day.

☆ Three Stock Lunch: Disney, Caterpillar and Whirlpool
▼ + stars: | 2023-04-11 | 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 EmailThree Stock Lunch: Disney, Caterpillar and WhirlpoolVictoria Greene, G Squared Private Wealth, joins 'Power Lunch' to discuss Greene's investing take on three stocks.

☆ Here are Tuesday's biggest analyst calls of the day: Apple, Amazon, UPS, Netflix, WW, Disney & more
▼ + stars: | 2023-04-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Morgan Stanley names UnitedHealth a top pick Morgan Stanley says the healthcare company is best positioned in a recession. Morgan Stanley reiterates Netflix as equal weight Morgan Stanley said Netflix is the "streaming winner" but that it's "priced as such." Morgan Stanley downgrades Nasdaq to equal weight from overweight Morgan Stanley said that it has growth concerns for the exchange operator. JPMorgan upgrades Federated Hermes to overweight from underweight JPMorgan said the rate environment makes the capital market company's stock more attractive. Morgan Stanley upgrades AstraZeneca to overweight from equal weight Morgan Stanley said the pharmaceutical company is "leading the race" to outsmart cancer.

☆ Fact Check-Alkaline hydrolysis, or liquid cremation, does not mean human remains are ‘fed to the living'
▼ + stars: | 2023-03-30 | by ( Reuters Fact Check | ) www.reuters.com time to read: +6 min

Alkaline hydrolysis is a form of flameless cremation where a human body can be liquified and turned into wastewater after death. An alkaline hydrolysis machine is used to perform a “bio-cremation,” (also known as aquamation or water cremation) (here). The video shows Fisher explaining how the alkaline hydrolysis machine called the Resomator works. The NFDA’s model guidelines for states to base laws governing alkaline hydrolysis can be seen (here). Experts say liquid from alkaline hydrolysis is sterilized with no trace of human DNA and is then treated at water treatment facilities before entering common households.

☆ Here are Friday's biggest analyst calls: Apple, Nvidia, First Republic, Whirlpool, Meta, FedEx & more
▼ + stars: | 2023-03-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: JPMorgan upgrades Chubb to overweight from neutral JPMorgan said the insurance company is defensive. CFRA upgrade Whirlpool to buy from hold CFRA said in its upgrade of the stock that shares are attractive. Citi initiates Bumble as buy Citi said the dating app continues to take market share. Citi reiterates Nvidia as buy Citi said it's bullish on Nvidia's adoption of AI. Citi reiterates Meta as buy Citi said it likes Meta's improved operating leverage. "

☆ General Motors' China business is hurting, and it's not just because of Covid
▼ + stars: | 2023-03-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

He purchased his Nio over models from rival Chinese automakers Xpeng , Li Auto and IM Motors. GM's operations in the country are much larger than those of its crosstown rival Ford Motor, for example. Equity income from GM's Chinese operations and joint ventures has fallen 67% since its peak of more than $2 billion in 2014 and 2015. And the rising quality of domestic-made electric vehicles helped support — and tap — growing nationalistic pride among China's consumers. In February, Ford named Sam Wu, a former Whirlpool executive who joined the automaker in October, as president and chief executive of its China operations, starting March 1.

☆ Peloton hires former Twitter executive Dalana Brand to be chief people officer
▼ + stars: | 2023-03-01 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +2 min

Peloton said Wednesday it hired former Twitter executive Dalana Brand to be its new chief people officer, as the fitness company continues its transformation and attempts to return to profitability. Dalana's addition is the culmination of that strategy, rounding out and completing the leadership team," McCarthy said. She follows behind Leslie Berland, the former chief marketing officer of Twitter, who took the same job at Peloton in mid-January. "I'm thrilled to join the team at Peloton as the company continues striving to make fitness accessible for all." While at Twitter, she led the company's global workforce and helped speed up its processes to make the workplace more inclusive.

☆ Ford Motor Turns to Industry Outsider to Reverse China Slump
▼ + stars: | 2023-02-24 | by ( Selina Cheng | ) www.wsj.com time to read: 1 min

People looked at a Ford Mustang Mach-E at an auto show in Shanghai in 2021. HONG KONG— Ford Motor Co. promoted Sam Wu to head its China business as the American auto maker struggles to reverse its dwindling market share in the world’s biggest car market. Mr. Wu, who joined Ford China as managing director from Whirlpool Corp. in October, takes over as president and chief executive on March 1, the Michigan-based auto maker said in a statement Thursday. In his new role, Mr. Wu will report to Ford CEO Jim Farley and replaces Anning Chen, who is due to retire in October.

REUTERS/Charles PlatiauCHICAGO/DETROIT, Jan 31 (Reuters) - The companies that produce goods at the heart of the U.S. consumer economy - SUVs, washing machines, heavy equipment and hamburgers - kept rolling along at the end of 2022. Bellwethers including McDonald's (MCD.N), General Motors, Exxon Mobil (XOM.N), appliance maker Whirlpool (WHR.N) and delivery giant United Parcel Service (UPS.N), posted results that exceeded estimates. That's a good sign for the broader economy, according to Lori Calvasina, equity analyst at RBC Capital Markets. The economy's performance may depend on whether price pressures that have afflicted consumer and business spending start to wane. "As we go into 2023, there is going to continue to be inflation," said Christopher Kempczinski, McDonald's CEO, on the company's earnings call Tuesday.

☆ Whirlpool Reports Quarterly Loss After Divesting European Business
▼ + stars: | 2023-01-31 | by ( John Keilman | ) www.wsj.com time to read: 1 min

Whirlpool Corp. reported a $1.6 billion quarterly net loss following the divestiture of its European business, as the appliance maker said it was working to reduce costs. Whirlpool said net sales for the quarter ended Dec. 31 declined 15% year-over-year to $4.9 billion, weighed by what the company said was softening demand and a one-off supply-chain disruption. The Michigan-based appliance maker said it expects 2023 revenues to reach $19.4 billion, down 1% to 2% from the prior year, and for earnings per share to reach $16 to $18, ahead of the roughly $15 forecast by analysts, according to FactSet.

☆ January Barometer looks like it will be positive, giving bulls a psychological boost
▼ + stars: | 2023-01-31 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The so-called January Barometer starts 2023 positive with the S & P 500 up 4.6% to start the final trading day of the month. As for the S & P 500 , bulls want to keep the momentum going. To maintain that, the S & P has to stay well above the 4,000 range. Several companies (UPS, Exxon Mobil, Whirlpool) reported revenues that were lower than expectations. 2023 S & P earnings estimates: (year over year) Q1: down 1.7% Q2: down 2.2% Q3: up 3.8% Q4: up 10.1% Source: Refinitiv Want a good example?

☆ Ghostly flying 'whirlpool' that appeared above Hawaii could be leftover SpaceX rocket fuel
▼ + stars: | 2023-01-31 | by ( Chris Panella | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

A Japanese telescope captured footage of the anomaly after a SpaceX navigation satellite launch. "The Subaru-Asahi Star Camera captured a mysterious flying spiral over Maunakea, Hawai`i," the Subaru Telescope said on Twitter on January 19. SpaceX launches a Falcon 9 rocket carrying a pair of television broadcasting satellites at Cape Canaveral, Florida. Michael Weekes Jr./ReutersThis isn't the first time a spiral has been spotted in the sky after a SpaceX launch. The SpaceX rocket is also known for the "space jellyfish" it often paints across the sky as it climbs through the atmosphere.

☆ Appliance maker Whirlpool's 2023 profit forecast beats expectations
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

Jan 30 (Reuters) - U.S. home appliances maker Whirlpool Corp (WHR.N) forecast full-year profit above Wall Street estimates on Monday, helped by cost cuts and easing raw material prices. Shares of the appliance maker were up 3.3% at $158.2 in after-hours trading after the company reported an adjusted profit of $3.89 per share for the fourth quarter through December, beating analysts' average estimate of a profit of $3.25 per share. Whirlpool also said it expects $800 to $900 million benefit in 2023. Whirlpool, known for its refrigerators and washing machines, said it was now expecting full-year revenue of about $19.4 billion, compared with analysts' expectations of $19.2 billion, according to Refinitiv. It expects full-year earnings of $16 to $18 per share, above Wall Street expectations of $15.99 per share.

☆ Stocks making the biggest moves after hours: Whirlpool, NXP Semiconductors, UnitedHealth and more
▼ + stars: | 2023-01-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

An employee stands next to a Whirlpool washing machine inside a home appliances showroom in New Delhi. Check out the companies making headlines after the bell:NXP Semiconductors — Shares of NXP Semiconductors dropped 3% in extended trading after its revenue outlook for the first quarter fell short of analysts' expectations, according to FactSet. The company upped its dividend and posted a slight fourth-quarter revenue beat. Whirlpool — Whirlpool shares gained more than 1.9% in extended trading after the appliance maker shared strong guidance for the year. Fourth-quarter revenue came in at $4.92 billion, slightly behind the $5.07 billion expected by analysts, according to FactSet.

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