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☆ Morgan Stanley's top picks for the rest of earnings season
▼ + stars: | 2023-07-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

While Wall Street's expectations are lower this corporate earnings season, there are still several stocks Morgan Stanley said could rise in the near term. Morgan Stanley's estimates for second-quarter earnings are down 9% year to date and flat sales growth, which the firm attributes to lagged and elevated costs. Amazon is one of Morgan Stanley's top picks for this earnings season. The firm believes potential catalysts include positive earnings revisions and its AWS Summit on cloud computing and generative artificial intelligence. He added that multiple appreciation and earnings revisions could drive the stock upward.

Persons: Morgan Stanley, Morgan Stanley's, Michelle Weaver, Brian Nowak, Brian Harbour, Yum, Elizabeth Porter, Porter, — CNBC's Michael Bloom Organizations: Pharmaceutical, Merck, Pfizer, Devices, Tech, Amazon, Yum Brands, Taco Bell Locations: North America, China

☆ Gold listless as traders avoid big bets ahead of Fed decision
▼ + stars: | 2023-07-26 | by ( ) www.cnbc.com time to read: +2 min

Gold struggled for momentum on Wednesday as traders refrained from making big bets ahead of the U.S. Federal Reserve's policy decision later in the day. Spot gold held steady at $1,963.99 per ounce by 0546 GMT, while U.S. gold futures were up 0.1% to $1,965.20. Gold is highly sensitive to rising interest rates as they increase the opportunity cost of holding non-yielding bullion. Along with policy guidance from the European Central Bank, traders also await second-quarter U.S. GDP data due on Thursday. As per the International Monetary Fund, the bank should start preparing for future monetary tightening.

Persons: Gold, Jun Rong, Yeap Organizations: U.S, IG, Treasury, European Central Bank, PCE, Bank of Japan's, Monetary Fund Locations: Siberian, Krasnoyarsk, Russia, U.S . Federal, U.S, Asia, Japan

☆ 3 trends that will redefine sports media as the industry reckons with layoffs, AI, and more
▼ + stars: | 2023-07-25 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +8 min

More news jobs have already been cut this year than in all of 2022 and 2021, per a firm that tracks layoffs. Industry experts explain the three media trends that could replace traditional sports journalism. Wiacek said that the 18- to 30-year-old demographic is key for traditional media organizations, yet the hardest to reach. "The more traditional media outlets are trying to find ways of attracting that audience," Wiacek said. Hanlon said team communications are essential for growing leagues like the NWSL that can't wait around for classic media coverage to pour in, especially in local markets.

Persons: Andy Challenger, It's, Challenger's, Challenger, Conrad Wiacek, Wiacek, Pat McAfee, CJ McCollum, McAfee, famer David Ortiz, JJ Redick, isn't, Tim Hanlon, Hanlon, They're Organizations: ESPN, New York Times, Sports Illustrated, Warner Bros, The Athletic, NFL Media, Times, Los Angeles Times, Industry, Sports, YouTube, Indianapolis Colts, NBA, famer, Leagues, MLS, LA Times, Associated Press, Minor League Baseball Locations: FanDuel, pickleball

The project launched on Monday, with eyeball scans taking place in countries including Britain, Japan and India. Applicants lined up to have their irises scanned by the device, before waiting for the 25 free Worldcoin tokens the company says verified users can claim. Worldcoin's data-collection is a "potential privacy nightmare," said the Electronic Privacy Information Center, a U.S. privacy campaigner. Worldcoin tokens were trading around $2.30 on the world's largest exchange, Binance, on Tuesday. For many users, the promise of financial gains from the crypto coins was enough to make them hand over personal data.

Persons: Sam Altman, Saeki Sasaki, Worldcoin, Ali, Madeleine Stone, Sujith, Elizabeth Howcroft, Medha, Mark Potter Organizations: Reuters, Privacy, Big Brother Watch, Thomson Locations: TOKYO, BENGALURU, Britain, Japan, India, Tokyo, U.S, London, Bengaluru, Medha Singh, Anton

☆ Here are Tuesday's biggest analyst calls: Apple, Disney, Costco, Nike, Imax, Walmart, Meta & more
▼ + stars: | 2023-07-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Tuesday's biggest calls on Wall Street: UBS reiterates Nike as buy UBS said it's getting incrementally bullish on the stock and that it could double. " BTIG upgrades Zscaler to buy from neutral BTIG said its checks on the IT stock have been "consistently positive." Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating heading into Apple earnings next week. Goldman Sachs reiterates Apple as buy Goldman said it's standing by its buy rating heading into earnings next week. Morgan Stanley names Elevance a top pick Morgan Stanley named the health insurance provider as a top pick and said it sees further earnings per share growth.

Persons: it's, Morgan Stanley, Apple, Piper Sandler, Wells, Goldman Sachs, Goldman, Mizuho, Oppenheimer, TSCO, Citi downgrades Goldman Sachs, TD Cowen, Wolfe, Baird, HWM, Elevance, Comm, Flywire Organizations: UBS, Nike, Apple, Walmart, Piper, Signet, Superior Unit, Costco, Citi, adv, 2Q, Meta, Digital Ad, Bank of America downgrades, Supply, Bank of America, HSBC, Zynga, Disney, Mizuho, Howmet Aerospace, Airbus Locations: Wells Fargo, 2Q23

☆ History shows a nice trading setup for Apple going into earnings
▼ + stars: | 2023-07-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

If history is any guide, expect a positive setup for Apple shares should the company raise expectations for the September quarter when it reports earnings Aug. 3, Morgan Stanley said. "History would show that June quarter earnings is a positive stock catalyst for Apple, and Sept quarter guidance matters most for Apple's stock," he added. Apple has beaten June earnings estimates every time in the last decade by 9% on average, and Morgan Stanley expects the company to do it again. "With our September quarter revenue and EPS 4-9% above current Consensus, and a shade above buyside expectations, we expect earnings to be a positive catalyst for Apple shares next week," Woodring said. Apple shares have rallied nearly 49% since the start of 2023.

Persons: Morgan Stanley, Erik Woodring, Woodring, — CNBC's Michael Bloom Organizations: Apple, Management Locations: Apple's

☆ The Dow's longest win streak since 2017 is another sign that suggests there is no recession in sight
▼ + stars: | 2023-07-25 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The Dow Jones Industrial Average is in its longest win streak since February 2017. Carson Group's Ryan Detrick observed that win streaks from the Dow suggest there is no recession in sight. Blue chips were higher three months later 100% of the time, delivering an average gain of 5%. They were also up six months later 100% of the time, delivering an average gain of 11%. And 12 months later, they were up 80% of the time, delivering an average gain of just over 8%.

Persons: Carson Group's Ryan Detrick, Dow, Ryan Detrick, Dow Jones, Detrick Organizations: Dow Jones, Dow, Service, Microsoft, Carson Group Locations: Wall, Silicon

☆ I made $340,000 in revenue on Etsy last year selling digital products. Here's how I use simple design tools and AI to boost sales.
▼ + stars: | 2023-07-25 | by ( Elle Hardy | ) www.businessinsider.com time to read: +7 min

Bailey runs an Etsy store that makes about $14,000 a month selling digital tumbler designs. So I quit my job and started an Etsy store called Bailey Designed Co., where I sell custom tumbler designs. In January 2022, I pivoted from print-on-demand products to digital productsI was faced with pandemic supply-chain issues, and I also saw a lot of successful sellers on Etsy who were selling just digital designs. In January, I started my own online courses for people who want to sell digital products without a design background. AI has helped me earn more because it's increased my productivity and volume of designs — and more volume equals more sales.

Persons: Bailey, I'm, Evelyn Weiss, Sandra Di, Wholesale Ted, tumblers, I've, Evelyn Weiss's, it's, Kittl's Organizations: Facebook, Service, YouTube, Wholesale, Canva, Google, Society Locations: Wall, Silicon, Florida, Canva, Etsy

☆ Here are Monday's biggest analyst calls: Apple, Tesla, Meta, Nvidia, Shopify, Netflix, Disney & more
▼ + stars: | 2023-07-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Goldman Sachs initiates Amylyx Pharmaceuticals as buy Goldman said it sees an attractive entry point for shares of the biotech company. " Goldman Sachs reiterates Nvidia as buy Goldman said it's standing by its buy rating on Nvidia and that it likes stocks with "room for meaningful positive EPS revisions." UBS downgrades Tesla to neutral from buy UBS said in its downgrade of Tesla that strong growth is already priced in. Goldman Sachs initiates Savers Value Village as buy Goldman said the thrift store operator is a share gainer. Goldman Sachs reiterates ServiceNow as buy Goldman said it sees more upside in shares of ServiceNow as the stock remains a key beneficiary.

Persons: Piper downgrades Estee Lauder, Piper, Baird, Goldman Sachs, Goldman, Wells, Evercore, it's, Stifel, Lam, Tesla, Moffett, Rosenblatt, Raymond James, Becton Dickinson, SLB, Horton, BTIG, Needham, ServiceNow Organizations: Express, Netflix, Amylyx Pharmaceuticals, Bank of America, NTR, RBC, Research, Nvidia, MU, UBS, Semiconductor, Deutsche Bank, Apple, Deutsche, Mac, Med Tech, Schlumberger, Disney, DIS, American Express Locations: China, underperform, ServiceNow

☆ Baird says Netflix shares can once again trade at $500
▼ + stars: | 2023-07-24 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The successful execution of Netflix 's advertising-enabled subscription tier and paid sharing crackdown is among the major reasons Baird believes shares could trade at a price not reached in more than a year. Senior analyst Vikram Kesavabhotla upgraded the streaming stock to outperform and raised his price target by $160 per share to $500. Kesavabhotla's new target implies the stock could rally 17% from Friday's close to trade at a price not seen since early 2022. A firm survey shows Netflix is maintaining popularity among customers despite the changes. Following its second-quarter earnings report , Kesavabhotla said Netflix is entering a "period of particular strength."

Persons: Baird, Vikram Kesavabhotla, Kesavabhotla, he's, Michael Bloom Organizations: Netflix, CNBC Locations: U.S

☆ Here's why Jim Cramer prefers to stay patient during Monday's market rally
▼ + stars: | 2023-07-24 | by ( ) www.cnbc.com time to read: 1 min

Here's why Jim Cramer prefers to stay patient during Monday's market rallyMoney keeps flowing into the market ahead of a big week of earnings and economic data. But Jim Cramer urges investors to not play a stock ahead of its earnings print because there is considerable uncertainty.

Persons: Jim Cramer

☆ This is how investors should respond to the fresh pressure facing chipmakers
▼ + stars: | 2023-07-24 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

The generative artificial intelligence boom has seen semiconductor stocks soar this year, no more so than Club holding Nvidia (NVDA). We're more cautious on AMD going into its earnings print on Aug. 1, as it doesn't have the same outsized exposure to generative AI technology as Nvidia. Similarly, in a research note Monday, analysts at JMP Securities said that while "demand around generative AI remains extremely robust," elsewhere enterprise IT budgets remain constrained. Semiconductor firms are either basking in the glory of generative AI demand, or working through excess inventory and IT budget-optimization dynamics. And when the semiconductor firms report next month, investors will have a clearer sense on inventory challenges.

Persons: TSM, Jim Cramer's, Jim Cramer, Jim, Tyrone Siu Organizations: Nvidia, Devices, AMD, Taiwan Semiconductor Manufacturing Company, JMP Securities, Semiconductor, Club, Microsoft, CNBC, Nvidia Corporation Locations: China, Taipei, Taiwan

☆ Worsening euro zone business downturn reignites recession fears
▼ + stars: | 2023-07-24 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

The survey also indicated the European Central Bank's sustained campaign of interest rate rises is starting to take its toll on consumers and denting the services sector. In our baseline case we expect subdued growth for the second half of the year, but today's data suggest the risk of a small contraction in euro zone GDP in Q3 is increasing." In France a downturn extended into July as both the services and manufacturing sectors did worse than expected. A PRICE TO PAYThe euro zone services PMI fell to 51.1 from 52.0, its lowest since January and shy of the Reuters poll forecast for 51.5. An index measuring output, which feeds into the composite PMI, fell to its lowest in over three years.

Persons: Paolo Grignani, Jack Allen, Reynolds, Jonathan Cable, John Stonestreet, Toby Chopra Organizations: P Global, June's, Oxford Economics, PMI, Reuters, Capital Economics, ECB, Thomson Locations: Germany, France, Europe's, Britain

☆ Gilgo Beach killings: Search warrant for suspect's South Carolina property sought possible 'trophies,' other items that may have been used in murders, newspaper reports
▼ + stars: | 2023-07-21 | by ( Rob Frehse | ) edition.cnn.com time to read: +3 min

CNN —A search warrant for property in South Carolina owned by the suspect in the Gilgo Beach serial killings sought possible “trophies,” among other items, the suspect may have taken after the killings, according to the Chester News & Reporter, which has seen the warrant. CNN has reached out to authorities in South Carolina to obtain the search warrant. The South Carolina warrant shows a long list of items under “property sought,” many of which are listed as “trophies,” the paper reported. The warrant also sought any firearm-related evidence or storage containers. The women, who disappeared between 2007 and 2010, all worked as escorts and advertised their services, according to police.

Persons: Rex Heuermann, Heuermann, Melissa Barthelemy, Megan Waterman, Amber Lynn Costello, Maureen Brainard, Barnes, Ray Tierney Organizations: CNN, Chester News, New York City, Parkway Locations: South Carolina, New York, Manhattan, Suffolk County, Nevada, Carolina, Heuermann, Shore

☆ Asia markets to mostly fall as Japan's inflation rises slightly in June
▼ + stars: | 2023-07-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set to mostly fall on Friday as investors look to Japan's consumer price index figures for June. The country's core inflation rate - which strips out costs of fresh food - came in at 3.3%, in line with expectations of economists polled by Reuters. This is slightly higher than May's figure of 3.2%, and also above the Bank of Japan's 2% target. The inflation print will give clues to the Bank of Japan's moves when it meets next week for its rate decision. In contrast, Hong Kong's Hang Seng index looks set to open higher, with futures at 18,935 compared to the HSI's last close of 18,928.02.

Persons: Kazuo Ueda Organizations: Reuters, Bank of Japan's, Bank of, Nikkei Locations: Asia, Pacific, Chicago, Osaka, Australia

☆ Treasury yields are flat as investors consider monetary policy outlook
▼ + stars: | 2023-07-21 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down marginally at 3.841%. The 2-year Treasury yield was trading less than 1 basis points higher at 4.846%. U.S. Treasury yields were flat on Friday as investors weighed what could be on the horizon for interest rates ahead of the Federal Reserve's meeting next week. The Fed is due to meet on July 25 and 26 to discuss monetary policy, and markets are widely expecting the central bank to announce an interest rate hike when its meeting concludes. Before the central bank announces its decision next Wednesday, several fresh economic data points are expected next week.

Organizations: Treasury, U.S

☆ The unofficial timeline of how Burger King's 'have it your way' offer ended up with a guy ordering a $290, 100-patty burger in Bangkok
▼ + stars: | 2023-07-21 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Burger King Thailand has released a 100-patty burger that costs nearly $300. Which is how, 69 years after Burger King was founded, we find ourselves staring a monstrous, 100-patty burger straight in the face. July 2023: Burger King Thailand unleashes the "Real Cheese Burger" upon the world, featuring twenty slices of cheese and nothing else between two buns. July 2023: A week after the debut of the real cheese burger, the Thai chain one-ups itself by releasing the Real Meat Burger, a vegetarian's nightmare consisting solely of patties. And while Burger King might have the spotlight right now, the competition is stiffer than ever.

Persons: Burger, McDonald's, Burger King, Marielle Descalsota, hadn't Organizations: Burger King, Service, McDonald's, Burger Locations: Burger, Burger King Thailand, Wall, Silicon, Burger King Brazil, Thai, Bangkok

☆ Buyout barons feast on excesses of last boom
▼ + stars: | 2023-07-21 | by ( Jonathan Guilford | ) www.reuters.com time to read: +7 min

That opens up plenty of potential loopholes which could allow borrowers to keep their old loans even after a deal. Lenders explicitly allow a company’s so-called “permitted holders” - typically its management or long-time investors - to assume responsibility for the debt. For example, one definition of a change of control is where the majority of board seats change hands. That means the company’s debt can stay put, news service 9fin reported. Interest rates for loans provided by private lenders have risen from 6.2% to 11.6% over a similar time frame.

Persons: Clayton, Rice, Breakingviews, 9fin, Cooper’s, Blackstone, Datacenters, Murray, dealmakers, Peter Thal Larsen, Sharon Lam, Streisand Neto Organizations: YORK, Reuters, Partners, P, Reuters Graphics Reuters, Cornerstone, Focus Financial, Stone, Point, Smart, Securities, Exchange, NRG Energy, QTS Realty Trust, Foresight Energy, American Consolidated Natural Resources, Foresight, P Global Market Intelligence, Thomson, & $ Locations: Dubilier, Delaware

July 21 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The regional data focus on Friday will be the latest consumer inflation figures from Japan. Core consumer inflation likely re-accelerated in June to a 3.3% annual rate from 3.2% the previous month, staying above the central bank's 2% target for the 15th straight month. In its mid-year review, the government expects overall consumer inflation to hit 2.6% for the fiscal year that began in April, up sharply from 1.7% projected in January. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jamie McGeever, Thursday's, Dow Jones Industrials, Johnson, Kazuo Ueda, Janet Yellen, Josie Kao Organizations: Nasdaq, Netflix, Johnson, U.S, Treasury, Bank of Japan's, . Treasury, Thomson, Reuters Locations: Asia, Japan, South Korea, Vietnam

☆ This 35-year-old mom brought in more than $110,00 in passive income from Etsy in 2022—now she’s teaching others
▼ + stars: | 2023-07-20 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

In 2022, the store brought in more than $110,000 in passive income, the second year it brought in six-figures. Jiminez has a masters in positive organizational psychology from Claremont Graduate University, the study of positive experiences in the workplace and their effects on the quality of work life. Her course, "Optimize Your Life Academy," draws on her knowledge of positive psychology and its ability to bring about personal success. Since launching "Optimize Your Life Academy" in January 2023, it's brought in just over $10,000. Here's how Jimenez has built her new venture and what she plans to do with it going forward.

Persons: Rachel Jimenez, I've, Jimenez, Jiminez, it's Organizations: Claremont Graduate University, Academy

☆ Amazon will let you pay with a wave of your hand at all Whole Foods stores
▼ + stars: | 2023-07-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +1 min

New York CNN —Amazon will let customers at all of its Whole Foods stores pay with a simple wave of their hand. The company announced Thursday that it is bringing its Amazon One palm recognition system to all of its more than 500 Whole Foods stores by the end of the year. Amazon rolled out the technology in 2020, and it’s currently available at more than 200 Whole Foods stores. Whole Foods customers who choose to use Amazon One will no longer need their wallet or a phone to pay — they can simply hover their palm over an Amazon One device. Amazon says customer palm data is safeguarded in its Amazon Web Services cloud and it does not share palm data with third parties.

Organizations: New, New York CNN, Foods, Coors, Amazon, Services Locations: New York, Hudson, Colorado

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). The easiest personal loans to get are ones with low or flexible credit score requirements. Quick tip: A secured personal loan is even easier to qualify for than a traditional personal loan . There are more places than ever to get personal loans, but there isn't a one-size-fits-all personal loan source for everyone. Because of their lax credit score requirements, these lenders are often the easiest overall sources of personal loans.

Persons: you've, you'll, Michael Pugh, Banks, Pugh Organizations: Service, Federal Savings Bank, Chevron Locations: Wall, Silicon, Plenty, Chevron

☆ The Grim Reaper is coming for the sports desk. Here's what industry experts say could take its place.
▼ + stars: | 2023-07-20 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +7 min

Industry experts explain the three media trends that could replace traditional sports journalism. But Challenger and other experts say the demand for sports content isn't going anywhere: it's just going to look, and sound, a little different. Wiacek said that the 18- to 30-year-old demographic is key for traditional media organizations, yet the hardest to reach. "The more traditional media outlets are trying to find ways of attracting that audience," Wiacek said. Hanlon said team communications are essential for growing leagues like the NWSL that can't wait around for classic media coverage to pour in, especially in local markets.

☆ J&J's strong quarter was amplified by new details around its big Kenvue consumer unit stake
▼ + stars: | 2023-07-20 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

Johnson & Johnson (JNJ) reported strong second - quarter profit and revenue before the opening bell Thursday, with better-than-expected results both domestically and internationally, as well as across all major operating segments. It's possible that J & J management will offer up Kenvue shares at a discount to market value. Regardless, arbitrage isn't our game and we want to be invested in J & J for the long term. The only change — since J & J owns 89.6% of Kenvue — is that 10.4% of earnings generated since Kevnue went public in early May to the end of the quarter are no longer attributed to J & J. A Johnson & Johnson building is shown in Irvine, California.

Persons: Johnson, —, Kevnue, J, J's, prioritization, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Dow, Pharmaceutical, Management, J's, Johnson, J, Consumer, Consumer Health, Pharmaceutical Pharmaceutical, CNBC, & $ Locations: Kenvue, JNJ, KVUE, Spravato, Irvine , California

☆ Amazon's palm payment tech is coming to every Whole Foods in the US
▼ + stars: | 2023-07-20 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Amazon is rolling out its palm payment technology to every Whole Foods store in the US. Privacy advocates say the way that Amazon collects and keeps palm data raises concerns. The tech giant will roll out Amazon One across over 500 Whole Foods stores by the end of 2023, it said in a blog post. Amazon's technology links a user's credit card or other payment information to their unique palm print. Besides Whole Foods, Amazon has also used the technology at its Amazon Go convenience stores.

Organizations: Foods, Service, Amazon, Coors Field Locations: Wall, Silicon, Denver

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