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☆ Beware of tech stocks — these cash-rich names are a better bet, analysts say
▼ + stars: | 2023-02-02 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Forget growth stocks like tech. "We're starting to enter a bifurcated market: companies with strong balance sheets will hold up much better than growth companies that have never posted a profit," he added. He said his firm has been bullish on energy, thanks to high free cash flow yield in the sector. "Energy companies used to take every dollar they could get their hands on ... "Investors are looking to fade the growth trade in favor of more reliable cash flow generating stocks.

☆ Brewing EV Pricing War Could Be Great for Car-Buyers
▼ + stars: | 2023-02-01 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

A pricing battle could accelerate EV adoption, but automakers will have to sacrifice profits. Today's pricing war (coupled with new federal EV tax credits) could boost demand, helping automakers to boost volume, further helping with cost. The problem lies in profitabilityBut Tesla and Ford's price cuts mean they'll deprioritize profitability for the time being, and that worries industry analysts. "The current EV price cuts appear to defy logic… This will make the unprofitable low-return EV business that much more challenging until massive scale is achieved." "We view the price war as being good for consumers and it should help with overall EV sales and adoption," Nelson said.

☆ I see this year's budding stock rally signaling a different kind of bull market, one that's not so reliant on just a few stocks
▼ + stars: | 2023-01-29 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

This nascent bull market started with the peak in interest rates and the dollar back in the fall and then broadened to include bank and semiconductor stocks in 2023. That's right we created FANG a decade ago this week on "Mad Money," and it was a really good call — until it wasn't. The stability of a market that's based, in part, on the assumption of a JPMorgan (JPM) or an American Express or even a Boeing rallying on earnings, seems tidal to me. That's what's happening as we consider the market to be far bigger than any group of a half-dozen stocks. Yes, I am shredding the cynicism and heralding the new bull market, one that's not ignorant of what ails things, but is benignly rotational.

☆ Investors don't listen to Elon Musk on the economy, Tesla bull Gary Black says as he rebukes recession claims
▼ + stars: | 2023-01-27 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Any economic downturn will be shallow because the Federal Reserve can cut interest rates whenever it wants, Black said Thursday. "I don't think investors listen to Elon's economic forecasts," the Future Fund managing partner told Yahoo Finance Thursday. Musk alluded to the idea of a severe recession on Tesla's fourth-quarter earnings call, which took place after Wednesday's bell. He said a downturn could actually help the Tesla's stock price because it would be disinflationary – helping to reduce the company's input costs. Tesla stock rallied just under 11% Thursday after the company beat Wall Street's fourth-quarter earnings targets.

☆ European shares slide, euro steady as data tees up ECB rate hikes
▼ + stars: | 2023-01-24 | by ( Alun John | ) www.reuters.com time to read: +4 min

S&P Global's flash Composite Purchasing Managers' Index (PMI) climbed to 50.2 this month from 49.3 in December, the first time it has been above the 50 mark since June. Britain's flash Composite Purchasing Managers' Index (PMI), however, dropped to 47.8 in January from 49.0 in December, the lowest since January 2021. U.S. PMI data is due later in the day. The European common currency was steady at $1.0865, just off its nine-month high of $1.0927 hit a day before. Sterling turned negative after the British data and lost 0.5% to $1.231, retreating from Monday's seven-month high.

☆ Putin is a tyrant who wants to enslave Ukraine, Poland's president says
▼ + stars: | 2023-01-17 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

Russian President Vladimir Putin speaks during a news conference after a meeting of the State Council on youth policy in Moscow, Russia, December 22, 2022. Sergey Guneev | Sputnik | ReutersPoland's president, Andrzej Duda, has slammed his Russian counterpart, saying Vladimir Putin is behaving like a colonialist. "Vladimir Putin wants to enslave Ukraine, he wants to expand his regime across the Ukrainian territory, [to] take away Ukrainians' freedom. Polish President Andrzej Duda and Ukrainian President Volodymyr Zelensky shake hands and hug during their press conference on August 23, 2022 in Kyiv, Ukraine. Or do we think that the free world can progress and every country has the right to self-determine?"

☆ Idea of de-globalization is a 'mirage,' says historian Niall Ferguson
▼ + stars: | 2023-01-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Historian Niall Ferguson gives a speech at a gala dinner in Hong Kong. Ferguson argued at the 2023 World Economic Forum in Davos that the world is not experiencing major de-globalization. The idea that a major trend of de-globalization has begun is a "mirage" that is not borne out by data, according to the historian Niall Ferguson. This is "just history happening," he said on a panel at the World Economic Forum in Davos, Switzerland. It would be surprising if that series of events hadn't produced structural changes in the way the world economy worked, Ferguson said.

☆ VIEW U.S. consumer prices fall in December
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +5 min

NEW YORK, Jan 12 (Reuters) - U.S consumer prices unexpectedly fell for the first time in more than 2-1/2 years in December amid declining prices for gasoline and other goods, suggesting that inflation was now on a sustained downward trend. The consumer price index dipped 0.1% last month after gaining 0.1% in November, the Labor Department said on Thursday. MARKET REACTION:STOCKS: U.S. stock index futures fall after the inflation data BONDS: U.S. Treasury yields slid across the board. But I will note that it is an especially volatile period, which is not atypical for inflection points in market expectations and the broader macro outlook." BRIAN KLIMKE, INVESTMENT DIRECTOR, CETERA INVESTMENT MANAGEMENT LLC, LOS ANGELES"It (the report) came in as expected, but investors were somewhat optimistic leading into this reading, so that they were buying the rumor and selling the new.

☆ Britain's Tesco to target value offers after strong Christmas
▼ + stars: | 2023-01-12 | by ( James Davey | ) www.reuters.com time to read: +3 min

[1/2] Clubcard branding is seen inside a branch of a Tesco Extra Supermarket in London, Britain, February 10, 2022. Tesco, like Sainsbury's, is absorbing some of its cost inflation rather than passing it all on to consumers. The group maintained its forecast for 2022-23 retail adjusted operating profit of between 2.4 billion pounds and 2.5 billion pounds ($2.9-$3.0 billion), down from the 2.65 billion pounds earned in 2021-22. It expects retail free cash flow of at least 1.8 billion pounds and profit from Tesco Bank of 120-160 million pounds. Shares in Tesco have fallen 17% over the last year, but are up 7% over the last month.

☆ Instant View: U.S. consumer prices fall in December
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +5 min

NEW YORK, Jan 12 (Reuters) - U.S consumer prices unexpectedly fell for the first time in more than 2-1/2 years in December amid declining prices for gasoline and other goods, suggesting that inflation was now on a sustained downward trend. The consumer price index dipped 0.1% last month after gaining 0.1% in November, the Labor Department said on Thursday. MARKET REACTION:STOCKS: U.S. stock index futures fall after the inflation dataBONDS: U.S. Treasury yields slid across the board.FOREX: The dollar fell against the euro and yen. But I will note that it is an especially volatile period, which is not atypical for inflection points in market expectations and the broader macro outlook." BRIAN KLIMKE, INVESTMENT DIRECTOR, CETERA INVESTMENT MANAGEMENT LLC, LOS ANGELES"It (the report) came in as expected, but investors were somewhat optimistic leading into this reading, so that they were buying the rumor and selling the new.

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2022. In currencies, the dollar, a beneficiary of rising U.S. interest rates, fell on the day but was on track for a 2022 gain of roughly 8%, its biggest annual increase since 2015. The U.S. U.S. 10-year Treasury yield rose on Friday and closed out the trading year with its biggest annual increase in decades, pushed higher by aggressive Fed rate hikes. U.S. crude oil futures registered a second straight annual gain after a wildly volatile year marked by tight supplies due to the Ukraine war and then sliding demand from China, the world's top crude importer. Gold was showing its biggest quarterly gain since June 2020, while the Fed's fast-paced tightening cycle had tempered bullion's progress for the full year.

☆ Tech stocks got whacked in 2022 — but one server maker soared almost 90%, beating all its peers
▼ + stars: | 2022-12-28 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Heading into 2023, the outlook for the server market is murky, especially in the early part of the year. He said tech companies can move faster with Supermicro servers and are willing to pay for execution and the company's design skills. Another specialized market Supermicro is targeting is servers for 5G or telecom applications, using a new kind of approach called OpenRAN. Supermicro said in November that a big unnamed customer was responsible for nearly 22% of the company's sales in the quarter. Intel and AMD have issued downbeat prospects for the server market, and companies of all sizes are cutting costs.

☆ Behind a Wall Street headhunter's rapid ascent lie accusations of harassment and abuse
▼ + stars: | 2022-12-21 | by ( Alex Morrell | ) www.businessinsider.com time to read: +38 min

"It was a complete whirlwind, and it felt too good to be true," Morrison told Insider. "Everyone is given a calendar reminder of when they have to submit a review," one former employee told Insider. Durlston told Insider she wasn't a credible source given the acrimonious nature of her departure from Durlston. "Everyone gets pretty loose at these events," a former employee told Insider, noting the availability of alcohol throughout the day. Bahram told Insider this was not a prohibition but merely a suggestion that it would not be an appropriate arrangement.

☆ 'Kenan & Kel' actor Kel Mitchell on the upcoming 'Good Burger' sequel, mentoring new child stars as 'Uncle Kel,' and the controversial producer Dan Schneider
▼ + stars: | 2022-12-16 | by ( William Antonelli | ) www.businessinsider.com time to read: +17 min

Nickelodeon legend Kel Mitchell spoke to Insider this week about his career and the upcoming sequel to "Good Burger." The two also co-starred in "Good Burger," a 1997 comedy film that's become a cult classic among millennials and Gen Zers. Scholastic/PBS; Titmouse/Disney Television AnimationSpeaking of animated work, last year, Brian Robbins [director of "Good Burger" and Paramount Pictures CEO] said that he wanted to create a "Good Burger" animated series. I met a couple that said that [seeing "Good Burger"] was their first date, and then they got married, and now every anniversary they go and see "Good Burger" because it's part of their life, so it's so deep to me. Ex-Nickelodeon producer Dan Schneider (top-left) posing for a photo with Kel Mitchell and the cast of the show "Game Shakers."

☆ Stocks are set to fall further in 2023, and investors haven't priced in a growth slowdown with inflation set to hammer corporate profits, Morgan Stanley CIO says
▼ + stars: | 2022-12-15 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

"The growth slowdown is not yet priced," Morgan Stanley CIO Mike Wilson told CNBC on Thursday about the potentially rough ride lower for the S&P 500 next year. Wilson has been warning of a potential drop in the S&P 500 to 3,000 in the first half of 2023. And the real question is, 'What does that mean about growth?,'" Mike Wilson, Morgan Stanley's chief US equity strategist, said on CNBC. And that's what's going to determine the winners — it's a stock-picking game." Wilson has projected a potential drop in the S&P 500 to 3,000 in the first half of 2023.

☆ Morocco change the mood for African football with exploits in Qatar
▼ + stars: | 2022-12-15 | by ( Mark Gleeson | ) www.reuters.com time to read: +2 min

DOHA, Dec 15 (Reuters) - Morocco’s exciting run to a first-ever World Cup semi-final will inject a new energy in African football and hold out hope for the continent’s teams when they return in larger numbers in four years’ time. African football had been in a crisis of confidence after the last World Cup in Russia, when none of the five teams made it out of the group phase, but that has now all changed with the performance of Walid Regragui’s team in Qatar. "I think we've given a good image of Morocco and a good image of African football and that was also important for us, because we were representing our country and our continent." It is a trophy Morocco have won only once, in 1976, despite often being among the favourites. Morocco will also expect to be back at the expanded 48-team World Cup in 2026 when Africa has nine places, and a possible further 10th via a playoff.

☆ It's been 50 years since the last moonwalk. NASA astronauts explain why it took so long.
▼ + stars: | 2022-12-09 | by ( Morgan Mcfall-Johnsen | Hilary Brueck | ) www.businessinsider.com time to read: +7 min

The 50th anniversary of the last Apollo astronaut moonwalk is Wednesday. NASA astronauts say it's taking so long to return to the moon because of politics and money. But NASA built Orion to send astronauts back into lunar orbit and, as early as 2025, link up with SpaceX's Starship to land astronauts on the moon. NASA astronaut Victor Glover visits the Space Launch System rocket inside Kennedy Space Center's Vehicle Assembly Building, on July 15, 2021. NASA/Kim ShiflettAs early as 2004, former President George Bush was setting goals to return astronauts to the moon.

The benchmark S&P 500 (.SPX) fell for the fifth straight session on Wednesday. The Nasdaq (.IXIC) was down for the fourth straight session, dragged lower by a 1.3% drop in Apple Inc (AAPL.O) on Morgan Stanley's iPhone shipment target cut and a 3.9% fall in Tesla Inc (.IXIC) over production loss worries. The CBOE volatility index (.VIX), also known as Wall Street's fear gauge, rose to a two-week high to 23.01 points. The S&P 500 is on track to snap a three-year winning streak, down 17.4% so far in 2022. The S&P index recorded six new 52-week highs and seven new lows, while the Nasdaq recorded 36 new highs and 226 new lows.

☆ 'This is a crisis.' Why more workers need access to retirement savings
▼ + stars: | 2022-12-02 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

As many as 57 million Americans lack access to a workplace retirement savings plan, said Ed Murphy, president and CEO of Empower, a provider of retirement services. "If they don't access through payroll deduction, they just flat out don't save." The lack of retirement plan coverage presents an opportunity for the financial industry and government to work together to find solutions, Walsh said. California is one of a handful of states that has implemented automatic individual retirement accounts to help bridge that gap for workers who lack access to retirement plans through their employers. Those that opt out are required to begin offering their own retirement plan, per California rules.

☆ Scientists build 'baby' wormhole as sci-fi moves closer to fact
▼ + stars: | 2022-11-30 | by ( Will Dunham | ) www.reuters.com time to read: +3 min

Scientists have long pursued a deeper understanding of wormholes and now appear to be making progress. It was a "baby wormhole," according to Caltech physicist Maria Spiropulu, a co-author of the research published in the journal Nature. But scientists are a long way from being able to send people or other living beings through such a portal, she said. The researchers observed the wormhole dynamics on a quantum device at Alphabet's Google (GOOGL.O) called the Sycamore quantum processor. A wormhole - a rupture in space and time - is considered a bridge between two remote regions in the universe.

☆ Expanding equity income strategies in a rising rate environment
▼ + stars: | 2022-11-23 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +3 min

The Amplify Enhanced Dividend Income ETF (DIVO ) ranks in the top 5% of all ETFs in terms of inflows in 2022. As dividend ETFs continue to outperform the S&P 500 this year, Todd Rosenbluth of VettaFi said that advisers are consistently seeking alternatives to traditional fixed income — including dividend income strategies and covered call strategies. VettaFi recently surveyed advisers to canvas their views on dividend strategies and discovered a possible shift in how they approach the funds. "Instead of looking at it from an income component that they've historically done throughout 2022 in the rising rate environment, they're now looking for more growth from these strategies," Rosenbluth explained. As a result, VettaFi expects dividend growth products to garner more attention, like the WisdomTree US Quality Dividend Growth ETF (DGRW ) and Vanguard Dividend Appreciation Index ETF (VIG ).

☆ An investor with 35,000 rental houses is sitting on $3 billion of 'dry powder' as it waits for the perfect time to buy up thousands more homes
▼ + stars: | 2022-11-10 | by ( James Rodriguez | ) www.businessinsider.com time to read: +4 min

Tricon Residential is one of the biggest owners of single-family rental homes in the US. Berman said the company expected to buy up 850 homes in the fourth quarter, for a total of 7,300 this year. Berman said the company was "slowing down today" so it could buy larger portfolios at discounted prices in the future. Single-family rental operators may be slowing down in the short term, but the biggest players have been adamant that the fundamentals of their business remain strong. "We also think that a lot of the startups in single-family rental may have trouble getting financing, and so maybe some portfolios shake loose.

Rep. Annie Kuster faces off against Republican Bob Burns in New Hampshire's 2nd Congressional District. The 2nd District is located in the largely rural western half of the state. Democratic Rep. Annie Kuster faces off against Republican Bob Burns in New Hampshire's 2nd Congressional District. 2022 General EmbedsNew Hampshire's 2nd Congressional District candidatesKuster, running for her 6th term in the US House, serves on the House Energy and Commerce Committee. Voting history for New Hampshire's 2nd Congressional DistrictNew Hampshire's 2nd Congressional District covers the western half of the state and then some, running from the Massachusetts state line in the south to the Canadian border in the north.

☆ Cramer's lightning round: I think Tesla is a decent situation
▼ + stars: | 2022-11-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

I do prefer something that gives you that dividend because you know in the Investing Club, we bought Coterra. But Antero is very inexpensive, and I'm not going to say anything bad about it." Loading chart...Tesla : "Tesla has got the worst chart I've ever seen, and that's what's driving things. People are very worried that [CEO Elon Musk] has to sell a lot of Tesla in order to be able to pay whatever he has to pay for Twitter. I say that Tesla is not cheap, but I'm not going to let the chart determine the fact that I think it's a decent situation."

☆ 'I don't want to work with these clowns.' Inside the culture war that Elon Musk has unleashed at Twitter.
▼ + stars: | 2022-11-04 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +8 min

With a project, you could see who initiated the work, who was the assignee, who was in the chain of command. They wanted to make Twitter a place to exchange ideas and observations that were funny, factual and engaging. Whenever I'm on Twitter, I always find something that makes me laugh, or learn something. It feels like that's what's happening. What's even more frightening is that I don't see any viable alternatives to Twitter right now.

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