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Stocks with steady earnings growth are the play to manage an upcoming economic downturn, according to David Kostin, Goldman Sachs' chief U.S. equity strategist. Goldman Sachs projects that there is a 35% probability that the U.S. economy will enter a recession within the next 12 months. What's perhaps not priced in our view, would be the stable growth companies." The equity strategist named household products company Colgate-Palmolive and biotechnology name Amgen as examples of stocks with low variability of earnings growth in an environment that's laden with recession risk. The firm also picked pest-control company Rollins and consumer goods company Procter & Gamble in its basket of steady earnings growers.

☆ From McDonald's $200 million Arch Deluxe to Colgate's frozen lasagna: Here are 5 of the biggest food 'failures'
▼ + stars: | 2023-04-07 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

For every massive hit like the Popeye's chicken sandwich, the food industry produces countless duds. At the museum, visitors can see failed products ranging from the once-promising 3D TVs to the infamous MoviePass. "What I really appreciate with the food and beverage industry is that they have this sort of evolutionary approach," West says. "If we don't accept the failures, we can't have the good stuff," West says. These are five of the biggest culinary duds at the Museum of Failure.

☆ Elon Musk's free-speech agenda at Twitter is 'perpetuating racism,' McDonald's marketing chief reportedly says in leaked email
▼ + stars: | 2023-04-07 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Semafor reported that execs at some big advertisers had concerns about Elon Musk's "racist rhetoric." McDonald's marketing chief feared Musk was "perpetuating racism" under "the guise of freedom of speech." A Colgate-Palmolive exec said she was "mindful of the harmful and often racist rhetoric" of Musk, per Semafor. Colgate-Palmolive's consumer experience general manager, Diana Haussling, said she was "mindful of the harmful and often racist rhetoric of Elon Musk," according to the report. Semafor reported that Chris Riedy, Twitter's global sales and marketing chief, didn't defend Musk in his response but thanked the advertisers for their feedback.

Investors may want to look somewhere other than tech for safety, according to Morgan Stanley's Mike Wilson. Tech is the best-performing sector this year, up more than 20% and outpacing the S & P 500 's 7% advance. Recently, tech stocks got a boost after bond yields fell amidst volatility in the banking sector. Morgan Stanley looked for defensive stocks to own in a bear market. His 2023 S & P 500 target of 3,900 is also the third-lowest in CNBC Pro's Market Strategist Survey.

☆ Some of Florida's cities don't want spring breakers. With the state's economy booming, many don't need them.
▼ + stars: | 2023-04-01 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

Miami Beach's mayor recently said officials "don't want spring break in our city." Spring break is among the reasons the state generates billions of dollars in tax revenue per year from tourism. But there are signs that booming population growth, which Florida's Office of Economic and Demographic Research has described as the state's "primary engine of economic growth," could help diversify the state's economy. The number of arrests in the city during spring break more than doubled in 1986 from the same period in 1985. While thousands of college students still frequent Fort Lauderdale during spring break, the city's current mayor, Dean Trantalis, described them as "very well behaved."

☆ Inside a shake-up at the world's 'most feared law firm'
▼ + stars: | 2023-03-30 | by ( Casey Sullivan | ) www.businessinsider.com time to read: +30 min

It's been a tumultuous period for Quinn and the storied law firm he built over the past 37 years — now the world's largest litigation firm with hourly rates that can be north of $2,000. But behind the scenes, a shift at QE has been the talk of elite law firm circles. Indeed, the firm – known as a singular, even freewheeling, institution that brands itself as the "#1 Most Feared Law Firm in the World" — may appear to be less in the image of its founder as a generational shift brings changes. "We all thought it was important that the world understands this is not a one generation law firm." One former firm partner in California says he believes Quinn's inner circle generally got better deals.

☆ The US is in a 'rolling recession' but financials and retail stocks have repriced and present opportunities, Morgan Stanley's chief stock strategist says
▼ + stars: | 2023-03-29 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Morgan Stanley's Mike Wilson said the US is in a rolling recession but opportunities exist in stocks still. In an interview with Bloomberg, the chief strategist explains why financials and retail look attractive. Wilson has long been bullish on the stock market, predicting that 2023 could see steep declines in equity prices. "Markets go through these periods I call a rolling bear market [or] rolling recession," Wilson told Bloomberg on Monday. The chief stock strategist, who previously sounded the alarm on the worst earnings recession since 2008, has been steadily bearish in recent months.

☆ Mike Wilson says an earnings-driven stock decline is imminent so get defensive with these two stocks
▼ + stars: | 2023-03-27 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Investors are still too optimistic about corporate earnings, and a severe deterioration is about to drag stocks lower, according to Mike Wilson, Morgan Stanley's chief investment officer. "This is typically how bear markets end—i.e., P/E multiples fall precipitously and unexpectedly, catching many investors off guard," Wilson said. "The recent underperformance of small caps and low quality stocks suggests it could be imminent." "We believe it's underappreciated how significant the negative operating leverage is going to get before this earnings recession is over," Wilson said. Given such a negative outlook, Morgan Stanley looked for defensive stocks to own that should fare better in a bear market.

☆ These elite dividend stocks have raised their payments for over 60 consecutive years
▼ + stars: | 2023-03-19 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Through recessions and economic booms, over decades of market volatility, only eight companies in the S & P 500 have hiked their annual dividends year-in and year-out for at least 60 years. It pays an annual dividend of $1.84 per share, and currently has a dividend yield of 3.07%, while the S & P 500's average dividend yield is 1.65%. Manufacturing company Stanley Black & Decker and food and beverage giant PepsiCo have raised their annual dividends for more than 50 years. ExxonMobil and Chevron have hiked their annual dividends for 40 and 36 years, respectively. Based on the current dividend rate, with no additional increases or decreases, Silverblatt expects cash payments for 2023 to increase 3.9% over 2022.

☆ N.C.A.A. Bracket Picks: Where Fans and Experts Diverge
▼ + stars: | 2023-03-15 | by ( Josh Katz | Alice Fang | ) www.nytimes.com time to read: +8 min

One avenue is examining the differences between the forecasts of mathematical models and the collective choices of fans. For example, fans are much more likely to have Kansas and Alabama in the Final Four than the experts. The table below shows an aggregate view of the difference between the public’s picks and those of forecasting models. But if you pick the same teams as everyone else, your bracket will look the same, too, something you should consider. There is no guarantee that this approach will work, of course, and part of the draw of the N.C.A.A.

[1/2] Customers shop at a mall ahead of the Chinese Lunar New Year, in Beijing, China January 15, 2023. REUTERS/Tingshu Wang/File PhotoLONDON/MILAN/FRANKFURT/NEW YORK, March 1 (Reuters) - The world's top consumer and luxury goods companies have seen sales of everything from cosmetics to condoms grow in China since Beijing ended strict COVID-19 curbs, another sign that the world's No. Tourism from China was helping sales in neighbouring Macau, Hong Kong, Taiwan and even Japan, he added. Reckitt Benckiser, which makes Nurofen tablets, cold remedy Lemsip and Durex, saw a pick-up in China after a decline in volumes because of lockdowns. U.S. retailer Walmart Inc (WMT.N), which operates nearly 400 retail and wholesale stores in China, reported strong traffic in its stores since reopening.

Big brands have seen earnings propelled by double-digit price hikes – even if it has had a negative impact on demand elasticity. Only two-thirds (67%) of the companies that have reported have beat earnings estimates, the lowest beat rate in eight years. But workforce reductions aren't the only way for companies to cut costs, or necessarily the best way in a tight labor market. We've seen notable examples across industries of just how important general cost cuts have been this earnings season. Of course, Airbnb was one of the first companies to cut costs when the pandemic hit.

Financial advisor Cassandra Cummings has taught more than 100,000 Black women start investing in the stock market. Here are four investments she recommends for beginners, including REITs and dividend stocks. Real estate investment trustsInvesting in real estate can require large sums of cash on hand to close sales, make renovations, and maintain properties. On the other hand, real estate investment trusts (REIT) are companies that own, operate or finance income-producing real estate ventures. It's an easy way to start investing in real estate if you don't have the capital to invest in your own rental property.

☆ Top 10 things to watch in the stock market Friday: Market slide, optimism on Club stocks
▼ + stars: | 2023-02-17 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Deere (DE) posts a big earnings beat: $6.55 per share for fiscal 2023 first quarter, beating estimates of $5.53. Roku (ROKU) double upgraded at Bank of America to buy, price target to $85 per share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Nestlé says food prices will rise further this year
▼ + stars: | 2023-02-16 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

Food, including ice cream, will see significant price increases in 2023, CEO Alan Jope said on the same call. Unilever said price increases caused sales volumes to decline by 2.1% in 2022. Heineken, meanwhile, said it expected to sell less beer in Europe this year because of “steep” price increases related to energy costs. At the time, Tesco (TSCDF) described the company’s price increases as “unjustifiable.” Once the products were restored, prices were unchanged on Heinz’s most popular lines. Gabby Jones/Bloomberg/Getty ImagesTesco has also “fallen out with other suppliers” over price increases, its chairman John Allen recently told the BBC.

"Because the consumer is now under more pressure, and Walmart is under pressure, that sets up a dynamic where there's probably not a lot of pricing going forward." The clout Walmart holds over suppliers also means that Walmart would likely get the lowest percentage of any price hikes manufacturers implement, according to investors who track the company. In 2018, Walmart pulled Campbell Soup Co's (CPB.N) products during the key winter season over a dispute over prices and shelf space promotion. At the time, Tesco labeled Heinz's price hikes as "unjustifiable." After raising prices four times in 2022, he said, Clorox doesn't "have any additional plans" to hike prices this year.

☆ Fabuloso recalls about 5 million bottles because of bacterial contamination
▼ + stars: | 2023-02-09 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Nearly 5 million bottles of Fabuloso multi-purpose cleaner have been voluntary recalled because there’s a “risk of bacterial growth,” the company said. Around 3.9 million bottles were never released for sale, the company said. The first eight digits of the lot code of the recalled products are 2348US78 through 2365US78 and 3001US78 through 3023US78, the CPSC said. If a customer has one of the products listed below, the company can get a refund through a special website or by calling the company at 1-855-703-0166. Fabuloso is telling affected customers to “immediately stop using the recalled product” and to dispose of it in its container.

☆ Fabuloso Parent Recalls Nearly 5 Million Bottles of Cleaning Product Over Infection Risk
▼ + stars: | 2023-02-08 | by ( Colin Kellaher | ) www.wsj.com time to read: 1 min

Colgate-Palmolive Co. is recalling nearly 5 million bottles of Fabuloso multipurpose cleaning products due to the risk of exposure to bacteria, the U.S. Consumer Product Safety Commission and the company said Wednesday. The agency said the recalled products may contain Pseudomonas species bacteria, which pose a risk of serious infection for people with weakened immune systems, external medical devices or underlying lung conditions. The same bacteria was linked to another recent recall of 8 million laundry and cleaning products from The Laundress.

☆ Sustainable Packaging Is Sometimes Doubling as Easier-to-Open Packaging
▼ + stars: | 2023-02-03 | by ( Katie Deighton | ) www.wsj.com time to read: +7 min

Sarah Ryan Hudson found the Barbie’s Dr. Jane Goodall packaging to be a welcome departure from the hard-to-open versions of her youth. The costs involved in overhauling packaging systems also made them reluctant to change for the benefit of a less-finicky opening experience. To be sure, shifts toward more sustainable materials haven’t made packaging easier to use across the board, and campaigners for widely accessible packaging say companies aren’t moving to provide it quickly enough. The company’s Gillette razor brand in 2021 began selling some razors in cardboard packaging with a pulp tray, rather than in plastic blister packs and trays. Colgate-Palmolive Co. in 2019 introduced a recyclable Colgate toothpaste tube, using a high-density polyethylene material without aluminum, said Greg Corra, Colgate-Palmolive’s worldwide director of global packaging and sustainability.

☆ Here are Monday's biggest analyst calls: Tesla, Apple, Netflix, Amazon, Chevron, Meta, Shopify & more
▼ + stars: | 2023-01-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley upgrades Colgate-Palmolive to overweight from equal weight Morgan Stanley said in its upgrade of Colgate that it sees an attractive entry point. "We upgrade shares from Neutral to Buy as we see the last of tough comparables for SHOP subsiding entering '23." Bank of America reiterates Meta as neutral Bank of America says it's cautious heading into Meta earnings on Wednesday. Berenberg upgrades Tesla to buy from hold Berenberg said in its upgrade of Tesla that "factory innovations support long-term margins." Morgan Stanley reiterates Southwest Airlines as overweight Morgan Stanley says it's sticking with shares of the airline.

☆ Stocks making the biggest moves midday: Carvana, Colgate-Palmolive, Tesla and more
▼ + stars: | 2023-01-30 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Tesla — Shares dropped 2.8% after Berenberg lowered its earnings estimate for Tesla by around 25% for 2023 following the company's price cuts for its electric vehicles. Ford Motor Company — Shares fell nearly 1.4% after the company announced price cuts for its electric Mustang Mach-E crossover. The move in Ford comes after Tesla said earlier this month it would trim prices to counteract dwindling demand. AMC Entertainment — Common shares of the theater chain fell by more than 7% after AMC announced a shareholder meeting in March for a potential change to its capital structure. The preferred or "APE" shares, which trade at a large discount to the common shares, jumped by more than 16%.

☆ Stocks making the biggest premarket moves: Colgate-Palmolive, Kohl's, Boot Barn and more
▼ + stars: | 2023-01-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

The Kohl's logo is displayed on the exterior of a Kohl's store on January 24, 2022 in San Rafael, California. Check out the companies making the biggest moves in premarket trading:Colgate-Palmolive — The maker of household and personal care products saw shares add more than 1% premarket after Morgan Stanley analysts upgraded the stock to overweight from equal weight. Boot Barn — The retailer was downgraded to neutral from outperform by Baird, which cited concerns over macroeconomic risks for the sector. Boot Barn shed 2.5% during premarket trading. The stock, however, was down more than 1% in premarket trading.

☆ Unilever’s new boss whets appetite for split
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +2 min

LONDON, Jan 30 (Reuters Breakingviews) - Unilever’s new chief executive is arguably a bit low fat. The appointment of board member Hein Schumacher, CEO of Dutch dairy cooperative FrieslandCampina, will instead have investors wondering whether Unilever needs to split its food and non-food arms. Unilever’s current share price is barely 40 euros per share. (By Aimee Donnellan)Follow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Morgan Stanley upgrades Colgate-Palmolive, calls sell-off a good entry point to buy its top pick
▼ + stars: | 2023-01-30 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Colgate-Palmolive is a top stock compared with peers and it's cheap to buy right now, Morgan Stanley said. Analyst Dara Mohsenian upgraded the stock to overweight from equal weight and named it her top pick in the household and personal care industry. The note was titled, "Stock Pullback Offers a Good Entry Point into a Solid Long-Term Story." Mohsenian pointed to the company's larger-than-expected fourth quarter gross margin miss and weaker-than-anticipated 2023 earnings guidance reported Friday as drivers of the most recent sell-off. And Mohsenian said the stock has an attractive valuation, trading at a lower price-to-earnings ratio when looking ahead to 2024 compared with peers.

☆ Jim Cramer's top 10 things to watch in the market Monday: FANG-obsession over; crazy earnings, Fed, jobs week
▼ + stars: | 2023-01-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Susquehanna raises price target on Advanced Micro Devices (AMD) to $88 per share from $80; keeps positive rating on the Club stock. Baird increases price target on Starbucks (SBUX) to $110 per share from $94; keeps hold rating. Deutsche Bank cut price target by $3 per share to $84. HSBC raises price target on oilfield services company Halliburton (HAL) to $57 per share from nearly $44; keeps buy rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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