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☆ The cloud is back at Amazon, putting the stock on a path back to Covid-era record highs
▼ + stars: | 2024-02-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Would you look at the quarter Amazon just delivered. One of the main highlights came from its cloud unit, Amazon Web Services (AWS), where revenue growth finally accelerated. Better yet, management's comment about how it expects accelerating AWS revenue trends to continue through 2024 should keep the bulls happy. If the AWS revenue growth acceleration continues and the company continues its progress on expanding margins, the stock should get back there. Driving this accelerating revenue growth was an increase in larger new deals while the cost optimization headwind "continued to attenuate," the company said.

Persons: Amazon's, we're, Amazon, Jim Cramer's, Jim Cramer, Jim, Mike Segar Organizations: Amazon, Revenue, LSEG, Amazon Web Services, Microsoft, AWS, Management, Prime, Subscription Services, CNBC Locations: North America, Robbinsville , New Jersey

☆ GM said the strike cost it $1.1 billion. But it could post a record profit this year
▼ + stars: | 2024-01-30 | by ( Chris Isidore | ) edition.cnn.com time to read: +1 min

The automaker said it expects 2024 adjusted earnings of between $9.8 billion to $11.2 billion, which could top the record $11 billion it earned on that basis in 2022. The company reported adjusted net income of $1.6 billion in the fourth quarter, or $1.24 a share. That’s down 46% from a year earlier, partly due to the $1.1 billion cost of the strike, most of which came in the fourth quarter. Revenue of $43 billion in the quarter, down less than 1% from a year earlier, also beat forecasts. Full year adjusted earnings slipped only 5% to $10.5 billion.

Persons: “, ”, Mary Barra Organizations: New, New York CNN, General, Refinitiv, “, GM Locations: New York, Refinitiv ., China, United States

☆ Here's why Starbucks shares can rally after a quarterly earnings miss
▼ + stars: | 2024-01-30 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

On a year-over-year basis, sales rose 8.2%. Still, the comparable store sales challenges in the U.S. and China force us to be less upbeat about the company's prospects than we were after prior quarter. In Starbucks' international segment, comparable store sales rose 7% as transactions increased 11% but ticket amount dropped 3%. Comparable store sales in China rose 10%, the company said, below the the 17% estimate, according to Bloomberg data. It expects full-year comparable sales on a global basis and in the U.S. to grow 4% to 6%.

Persons: Jim Cramer, Laxman Narasimhan, Narasimhan, Rachel Ruggeri, Ruggeri, Jim Cramer's, Jim, Gabby Jones Organizations: Starbucks, Revenue, Management, Buyers, Wall Street, FactSet, U.S, Bloomberg, CNBC, Getty Locations: China, U.S, North America, Israel, New York

☆ Danaher shares hit a 1-year high after earnings and we're increasing our price target
▼ + stars: | 2024-01-30 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

DHR 1Y mountain Danaher 1 year Shares of Danaher rose as much as 5% to a 52-week high of $245.40 each. Core sales, not shown on the table, were down 22.5%. Core sales were down 4% year over year as strength from academic and life science research customers was more than offset by weakness from pharma and biopharma customers. Core sales fell about the same as strength in clinical diagnostics, driven by Beckman Coulter Diagnostics was more than offset by lower respiratory revenue at Cepheid. In this photo illustration, Danaher Corporation logo is seen displayed on a smartphone and PC screen.

Persons: we've, Danaher, Beckman Coulter, Jim Cramer's, Jim Cramer, Jim, Pavlo Gonchar Organizations: Revenue, LSEG, JPMorgan Healthcare, Sciences, Diagnostics, Biotechnology, Management, pharma, Beckman Coulter Diagnostics, CNBC, Getty Locations: Danaher, China, Biotechnology, North America, Europe, Asia, Pacific, Cepheid

WASHINGTON (AP) — America's employers posted 9 million job openings in December, an increase from November and another sign that the U.S. job market remains resilient despite the headwind of higher interest rates. The number of openings was up from November's 8.9 million, which itself was revised up in Tuesday's report from the government. Job openings have gradually but steadily declined since peaking at a record 12 million in March 2022. The U.S. economy and job market have remained surprisingly durable despite sharply higher interest rates, which have led to higher borrowing rates for consumers and businesses. The job market is cooling in a mostly painless way — through fewer openings.

Organizations: WASHINGTON, —, Federal Locations: U.S

☆ After Tesla’s dismal quarter, more of the Magnificent Seven face tests next week
▼ + stars: | 2024-01-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

That comes as the rest of the “Magnificent Seven” — Nvidia, Microsoft, Meta Platforms, Amazon, Apple and Alphabet — continue climbing higher. Excluding Tesla, the Magnificent Seven is projected to report an aggregate 53.7% fourth-quarter earnings growth from the prior year, according to FactSet. Companies in the S&P 500 index are expected to report a 10.5% earnings decline minus those six firms. The “Magnificent Seven” excluding Tesla has a combined market cap of roughly $12 trillion, according to Bespoke Investment Group data through Wednesday’s close. Her firm owns all of the Magnificent Seven stocks except for Tesla.

Persons: Tesla, Howard Silverblatt, Dow, “ You’re, ”, Saira Malik, Russell, “, Shelby McFaddin, Wall, Joe Mazzola, Charles Schwab Organizations: New, New York CNN — Tech, Nvidia, Microsoft, Meta, Amazon, Apple, Companies, Big Tech, Dow Jones, Investors, Federal Reserve, Dow, Tesla, Investment, Federal, — Locations: New York

☆ Wall Street analysts touted 5 portfolio stocks this week. Here’s our call on each name
▼ + stars: | 2024-01-27 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

In turn, Wall Street analysts made a slew of bullish calls on five of our portfolio names — all of which report earnings next week SBUX YTD mountain Starbucks (SBUX) year-to-date performance Wall Street's call: Wells Fargo forecasted an improved backdrop for Starbucks. Although the stock's been a portfolio laggard, we're bullish on management's plans to progressively expand margins in the years to come. MSFT YTD mountain Microsoft (MSFT) performance year-to-date Wall Street's call: Morgan Stanley boosted Microsoft's price target to $450 per share from $415, citing the company's strength from generative artificial intelligence efforts. Analysts issued a slew of downbeat calls at the start of 2024, causing the stock to sell off. AMZN YTD mountain Amazon (AMZN) year-to-date performance Wall Street call: Jefferies said Amazon stock has even more room to run after a great 2023.

Persons: Wells Fargo, we're, Morgan Stanley, Goldman Sachs, refreshes, Jefferies, AMZN, Twitch, they're, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Dow Jones, Wall Street, Club, Microsoft, Big Tech, Bank of America's, Apple, Analysts, MGM Studios, Management, Bank of America, CNBC, Traders, New York Stock Exchange Locations: Fargo, China, Tuesday's, Copilot, F1Q24E, Thursday's, New York City, U.S

The declines have come from just about every sector, with the exception of technology, which has seen its earnings estimates rise since October 1. A good example: IBM , which beat earnings expectations and highlighted an uptick in demand for artificial intelligence products and services. Outside of technology, earnings expectations are lower than three months ago, but are now rising again. "The market has been anticipating improving earnings expectations, and it's getting them. By that I do not mean that earnings estimates are rising, I mean they are not getting cut as much anymore," Raich added.

Persons: Nick Raich, it's, Raich, Sherwin, Williams, Heidi Petz, Kimberly, Clark, Nelson Urdaneta, that's, shipper J.B, Hunt, John Roberts, McCormick, Gamble, STMicroelectronics, Jim Fitterling, DuPont, hasn't, ASML, Andre Schulten, Baker Hughes Organizations: IBM, Treasury, Scout, Paint Stores, Insurance, Procter, Swift Transportation, Dow Inc, Texas, 3M, Gamble, FedEx, Humana, Adobe, Dupont Locations: Americas, China

☆ 3 reasons the US economy's strength right now is a head-fake, according to Mohamed El-Erian
▼ + stars: | 2024-01-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The narrative that the US economy could achieve a soft landing still faces challenges, Mohamed El-Erian told Bloomberg TV. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMarket confidence in a US soft landing ignores three vulnerabilities that still pose a recessionary threat, economist Mohamed El-Erian told Bloomberg TV. The bank expects a noticeable mid-year slowdown, contrasting Wall Street's soft landing consensus. Secondly, inflation will also keep a recession on standby, as it's no given that it won't rebound, El-Erian warned.

Persons: Mohamed El, Erian, —, it's, Wells, November's, I've, Yemen's Houthi Organizations: Bloomberg, Service, Federal Reserve Locations: Europe, Red, Africa

☆ Beijing is making moves to restore confidence in its battered stock markets, but there might be another big problem just ahead
▼ + stars: | 2024-01-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Chinese authorities are making moves to restore confidence in its battered stock markets. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Ugly corporate results could undermine Beijing's efforts to prop up investor confidence in China's stock markets, which have bled over $6 trillion in market value from 2021. AdvertisementNews that Beijing is trying to boost the investor confidence gave some upside to China's battered markets.

Persons: —, it's, Morgan Stanley, Laura Wang, Catherine Chen, Nomura, Li Qiang Organizations: Service, Bloomberg, Reuters, CSI Locations: China, Beijing, Shanghai, Shenzhen

☆ Analysts love these biotech stocks, giving 4 more than 100% upside
▼ + stars: | 2024-01-25 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

To look for biotech stocks that did well last year and that analysts are still positive on, CNBC Pro screened the iShares Biotechnology ETF and the SPDR S & P Biotech ETF. Potential upside to average price target of more than 40%. Four stocks stood out for being given on average more than 100% potential upside: Humacyte , Marinus Pharmaceuticals , Olema Pharmaceuticals and Ovid Therapeutics . Another three stocks in the screen drew 100% buy ratings from analysts: Ardelyx , Cabaletta Bio and Rocket Pharmaceuticals . Of these three, Rocket Pharmaceuticals got the highest potential upside of 81.4%.

Persons: Marinus, Biomea Organizations: Citi, Federal Reserve, CNBC Pro, Biotechnology, P Biotech ETF, Marinus Pharmaceuticals, Olema Pharmaceuticals, Ovid Therapeutics, Rocket Pharmaceuticals

☆ Jim Cramer: If I were running a hedge fund, I would make these short-term trades on China's bank stimulus
▼ + stars: | 2024-01-24 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer said Wednesday that China's big monetary policy easing overnight to boost its economy and stock market presents investors with a short-term trading opportunity. This type of monetary policy stimulus is about giving banks more incentives to lend to kickstart the economy. But he said Wednesday that China's monetary policy move to reduce what banks must hold in rainy day funds could be the thing that helps the economy turn the corner. While the Club waits for its China-tied stocks to bounce back, Cramer said during Wednesday's Club meeting that he felt compelled to share the China trades. Club members can watch a replay of January's Monthly Meeting below : (Jim Cramer's Charitable Trust is long EL, SBUX, WYNN.

Persons: CNBC's Jim Cramer, Cramer, Goldman Sachs, It's, Estee Lauder, Jim Cramer's, WYNN Organizations: Baidu, PDD Holdings, CNBC, Club, Goldman, Wynn Resorts, Wednesday's Locations: U.S, China's, China

☆ P&G's beauty sales hurt by an unlikely headwind: A wastewater release in Japan
▼ + stars: | 2024-01-23 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

While Japan and the United Nations' nuclear watchdog said the move was safe, China retaliated by banning all seafood imported from Japan. Chinese consumers followed with boycotts on Japanese brands, including P&G's SK-II, fearing that their products would be tainted by radiation. While the brand took a hit in the previous quarter, P&G executives said SK-II is already seeing sales turn around. "Our consumer research indicates SK-II brand sentiment is improving, and we expect to see sequential improvement in the back half," CFO Andre Schulten said on the company's earnings conference call. CEO Jon Moeller also reminded investors that previous tensions between Japan and China have hurt SK-II's sales, but the brand always bounced back.

Persons: Gamble, Andre Schulten, Jon Moeller Organizations: Procter, SK, United Nations, G's SK Locations: Greater China, Japan, —, China

☆ Large stocks celebrate record while small caps remain mired in bear market
▼ + stars: | 2024-01-23 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Small caps are conspicuously absent from Wall Street's bull market party. The S & P 500 confirmed Friday that a new bull market has begun, breaking both its intraday and closing record high from January 2022. Year to date thus far, the S & P 500 is up more than 1%, while the Dow has climbed 0.5%. "We think it's when the Fed cuts rates not if; this boosts small more than large," he wrote in a Monday note. Not everyone on Wall Street is as optimistic that Fed rate cuts will be an outsized catalyst for small caps.

Persons: Russell, Jason Goepfert, Sundial's Goepfert, Steven DeSanctis, DeSanctis, Barclays's Stefano Pascale, Pascale Organizations: Dow Jones, Dow, Nvidia, Meta, Microsoft, Capital, Micro, Wall

☆ We're pleased to see P&G shares pop on solid quarterly earnings. But don't chase the rally
▼ + stars: | 2024-01-23 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Procter & Gamble shares jumped more than 4% on Tuesday following better-than-expected quarterly earnings that were released before the opening bell. PG 1Y mountain Procter & Gamble 1 year Given the consumer products giant's strong profitability and cash flow, we're reiterating our $168-per-share price target. Organic sales grew 4% in the quarter. Skip down to the Organic Sales growth, the only line time that beat was Grooming. Boxes of Crest toothpaste owned by the Procter & Gamble company are seen on a store shelf on October 20, 2020 in Miami, Florida.

Persons: Gamble, That's, Skip, Jim Cramer's, Jim Cramer, Jim, Joe Raedle Organizations: Procter, Gamble, Gillette, Citi, Management, Care, SK, CNBC, Procter & Gamble, Getty Locations: Greater China, Eastern Europe, Africa, North America, China, Miami , Florida

☆ Oil extends losses as economic headwinds weigh on demand outlook
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: +2 min

Oil prices fell for a second day on Monday as economic headwinds pressured the global oil demand outlook and outweighed geopolitical concerns in the Middle East and an attack on a Russian fuel export terminal over the weekend. Brent crude fell 41 cents, or 0.5%, to $78.15 a barrel by 0105 GMT after settling down 54 cents on Friday. "This morning's subdued re-open speaks volumes about current sentiment in the crude oil market despite ongoing geopolitical tensions in Europe and the Middle East," IG analyst Tony Sycamore said. Russian producer Novatek aid on Sunday it had been forced to suspend some operations at the Baltic Sea terminal because of a fire. In the Middle East, the Gaza war rages on while the U.S. struck another anti-ship missile preparing to launch into the Gulf of Aden by Yemen's Houthi militants on Saturday.

Persons: headwinds, Brent, Tony Sycamore, Yemen's, IG's Sycamore, Baker Hughes, JP Morgan Organizations: West Texas, U.S . Energy Information Administration, International Energy Agency, Organization of, Petroleum, Energy Locations: Red, Ras Behar, Egypt, Europe, Ukrainian, Russian, Gaza, U.S, Aden, Iran, China

☆ How our banks Morgan Stanley and Wells Fargo performed against peers this earnings season
▼ + stars: | 2024-01-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Here's how our financial names, Morgan Stanley and Wells Fargo, stacked up against their peers. Morgan Stanley reported a fourth-quarter exceeded estimate on adjusted earnings-per-share (EPS) of $1.13, excluding a few one-time charges. MS YTD mountain Morgan Stanley (MS) performance year-to-date On earnings day last week, Morgan Stanley shares came under pressure on CEO Ted Pick's conservative macro outlook and the firm's Wealth Management number. Money center banks Then, there are money centers and traditional lenders like Wells Fargo and JPMorgan Chase . Overall, the quarter didn't discourage our long-term bull case on Wells Fargo as a multiyear recovery play.

Persons: Morgan Stanley, Wells, Morgan, Goldman Sachs, Ted Pick's, Jim Cramer, Jim, Morgan Stanley's, David Solomon, Jim mulled, we're, Wells Fargo's, We're, Jamie Dimon, Jim Cramer's, Brendan Mcdermid Organizations: Valley Bank, Management, Investment, Federal Deposit Insurance Corporation, Institutional Securities, Wealth Management, Investment Management, firm's Wealth, Investment Banking, Goldman's Investment, JPMorgan Chase, JPMorgan, CNBC, Traders, New York Stock Exchange Locations: Valley, Wells Fargo, Wells, Republic, New York City, U.S

☆ The 4 most important things we're watching in the stock market this coming week
▼ + stars: | 2024-01-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Fortunately, we'll get useful information in the coming weeks as earnings season ramps up and updated inflation data is released. We really want to see more supply come into the market to provide some relief on shelter costs. Looking to next week, we'll get a several key economic updates and a ramp up of earnings releases. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Morgan Stanley, we'll, Procter & Gamble, we've, We're, we're, We'll, Forex, Brown, BRO, Zions, CrossFirst, Johnson, Lockheed Martin, Horton, ERIC, Baker Hughes, Abbott, ABT, Clark, BOK, Monro, Simmons, United Community Banks, Lam, Ethan Allen Interiors, Raymond James Financial, Sherwin, Williams, Northrop, Murphy, Arthur J, Levi Strauss, LEVI, Booz Allen, Jim Cramer's, Jim Cramer, Jim, John Gress Organizations: Nasdaq, Microsoft, Nvidia, Tesla, Apple, Bank of America, Reserve, Procter, Gross, Citigroup, of Hawaii, United Airlines, Logitech International S.A, AGNC Investment, Agilysys Inc, Great Southern Bancorp, Enterprise Financial Services, Independent Bank, Home Bancorp, RBB Bancorp, TrustCo Bank Corp, Gamble Co, Verizon Communications, 3M Company, General Electric Co, GE, RTX Corporation, Halliburton Company, HAL, Lockheed, Ericsson, Bank, GATX Corporation, MakeMyTrip, National Bancorp, Synchrony, Webster, Atlantic Union Bankshares Corporation, Invesco PLC, Peoples Bancorp Inc, Sandy Spring Bancorp, Netflix, Texas Instruments Incorporated, Steel Dynamics, Canadian National Railway Company, NBT Bancorp, East West Bancorp, Covenant Logistics Group, Inc, Hanmi, National Bank Holdings Corporation, Premier Financial, QCR Holdings, Renasant Corporation, Triumph, Veritex Holdings, ASML, SAP, Textron, Oriental Education, Technology Group, First BanCorp, General Dynamics, OFG Bancorp, Prosperity, TE Connectivity, United Community, Blue Foundry Bancorp, Capitol Federal, HBT, Teledyne Technologies, Business Machines, IBM, Las Vegas Sands Corp, Lam Research, United Rentals, Berkley Corp, Crown, International, Packaging Corporation of America, Seagate Technology plc, CACI, Swift Transportation Holdings, Ameriprise Financial, Concentrix Corporation, First Bank, Liberty Energy, Pathward Financial, Columbia Banking, CSX, American Airlines Group, NextEra Energy Inc, Alaska Air Group, Dow Chemical Co, Valero Energy, Southwest Airlines Co, Nextera Energy, Williams Co, Union Pacific, Applied Industrial Technologies, Mobileye, Northrop Grumman, Comcast, Nokia, TAL Education, McCormick & Company, Intel, Visa Inc, Gallagher, Co, KLA Corporation, Western Alliance, Mobile, L3Harris Technologies, Western, Olin Corporation, American Express Co, Booz, Booz Allen Hamilton Holding, Colgate, Palmolive Co, Norfolk Southern Corporation, Jim Cramer's Charitable, CNBC, Gamble's Locations: Procter &, U.S, China, ZION, Freeport, Kimberly, Las, W.R, Chicago

☆ Birkenstock spooks with cautious outlook even as its sandals stay on trend
▼ + stars: | 2024-01-18 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNN —Birkenstock sandals might be as pricey as ever, and the folksy footwear are as popular with shoppers as ever, too. Despite strong sales, the company gave a cautious outlook for 2024, saying it expects “modest headwind to impact margins.”Birkenstock shares dipped nearly 8.5% on the news Thursday. “They have really strong profitability that was really eating them during their IPO and post IPO. “Overall the brand remains healthy with strong sales growth in the fourth quarter and encouraging first-quarter trends so far. “The comfort of these sandals coincided with the casual comfort dressing trend that was already in play pre-pandemic and accelerated through it.

Persons: “, Abigail Gilmartin, Gilmartin, ”, TikTok, Beth Goldstein, Birkenstocks, Birkenstock, ” Goldstein Organizations: New, New York CNN, Bloomberg Intelligence, CNN, “ Locations: New York

☆ Birkenstock shares slump as shoe company warns on profit outlook during first earnings since IPO
▼ + stars: | 2024-01-18 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +1 min

A Birkenstock banner hangs outside the New York Stock Exchange in New York on Oct. 11, 2023, as Birkenstock launches an initial public offering. Birkenstock shares slumped 7% Thursday after the company warned about its 2024 outlook during its first earnings report since its initial public offering. In its earnings report, Birkenstock said it aims to substantially grow and invest nearly 150 million euros in retail store expansion and production capacity in 2024. Reichert said he plans to tap into "significant" geographic and production expansion while the company remains "undeterred" by the broader macroeconomic landscape. The debut came nearly 250 years after the company was founded by German cobbler Johann Adam Birkenstock.

Persons: Birkenstock, Oliver Reichert, Reichert, Johann Adam Birkenstock Organizations: New York Stock Exchange, Company, CNBC PRO Locations: New York

☆ An upgrade, a 'top pick' and a potential deal: 3 of our stocks make news Tuesday
▼ + stars: | 2024-01-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

We're taking a closer look at a few of our stocks in the headlines on Tuesday: Starbucks, Constellation Brands and Walt Disney. The firm said it is looking beyond the current quarter, noting that Starbucks is "underearning vs its potential." Constellation Brands News: Bernstein named Constellation Brands its top pick for 2024 in a Tuesday research note. That's why a potential partnership that would give equity ownership of ESPN to a professional sports league would be so interesting. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Walt Disney, Morgan Stanley, Bernstein, Jim, Bob Iger, Wells Fargo, Nelson Peltz, Jim Cramer's, Jim Cramer, Spencer Platt Organizations: Starbucks, Constellation Brands, Walt, Modelo, Disney, ESPN, National Football League, New York, NFL Media, NFL Network, Players Association, NFL, Netflix, CNBC, People, Starbucks Workers United, Getty Locations: Israel, China, Corona, Pacifico, New, New York City

☆ We're raising our Morgan Stanley price target despite the stock's post-earnings decline
▼ + stars: | 2024-01-16 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Morgan Stanley on Tuesday morning reported an adjusted earnings-per-share beat. MS 1Y mountain Morgan Stanley 1 year Shares of Morgan Stanley were on a five-session losing streak with Tuesday's post-earnings 5% decline. However, Morgan Stanley — and for that matter, Wells Fargo — saw their stocks surge into the end of 2023. Asset management revenue increased 6% from last year, reflecting higher asset levels and the impact of positive fee-based asset flows. Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023.

Persons: Morgan Stanley, Wells Fargo, Morgan Stanley's, Morgan Stanley —, Ted Pick, Morgan Staley, ROTCE, it's, Morgan, Morgan Stanley repurchased, Jim Cramer's, Jim Cramer, Jim Organizations: Revenue, Bloomberg, Federal Deposit Insurance Corporation, Silicon Valley Bank, Morgan, Wealth Management, Investment Banking, FDIC, Institutional Securities, Investment, Equity, Morgan Stanley's Wealth Management, Investment Management, Asset, Capital, CNBC, Bloomberg Television, Getty Locations: Silicon, Wells Fargo —, U.S, New York

☆ Dollar wobbles; yuan on guard ahead of China data dump
▼ + stars: | 2024-01-15 | by ( ) www.cnbc.com time to read: +3 min

The dollar ebbed on Monday on renewed expectations of a rate cut by the Federal Reserve in March, while the Chinese yuan struggled near a one-month low ahead of a slew of economic data this week. The offshore yuan languished near a one-month low of 7.1925 per dollar hit on Friday, and was last at 7.1861 per dollar. "I think more PBOC (People's Bank of China) easing is coming this year," said Carol Kong, a currency strategist at Commonwealth Bank of Australia. "I don't think (Monday's move) will materially weigh on the (yuan) because a rate cut is more or less priced in. The Australian dollar , often used as a liquid proxy for the yuan, edged 0.07% higher to $0.6690.

Persons: China's, Sterling, Chris Weston, Carol Kong, Party's Lai Ching, te, Goldman Sachs Organizations: Federal Reserve, Traders, U.S, Treasury, CPI, PPI, Bank of, People's Bank of China, Commonwealth Bank of Australia, Australian, New Zealand, Democratic, Taiwan Locations: Asia, U.S, Bank of Japan, China, Taiwan

☆ The managers of a fund that beat 97% of competitors in 2023 explain how they have outperformed for over a decade, what they're looking for in an investment, and the stocks they're watching in 2024
▼ + stars: | 2024-01-15 | by ( Mark Reeth | ) www.businessinsider.com time to read: +7 min

The Davenport Equity Opportunities Fund managers are unafraid to be different when it comes to finding high-quality investments to add to their fund. Beyond that, there's little restriction on the types of investments Pearson and Smith are looking at. Owner-operated businesses are a favorite for the fund managers, who prefer to find management that has skin in the game. AdvertisementFinally, the fund managers aren't afraid to hold onto their investments even if the market disagrees with their thesis. "Longer term, I think healthcare is an interesting place to invest just given the innovation, the stable demand, and the importance to society."

Persons: George Smith, Chris Pearson, Smith, who's, Pearson, we're, they're, Stocks, hasn't Organizations: Service, Business, The, The Davenport Equity, Fund, Opportunities Fund, Davenport Equity, Pearson, Nation Entertainment, Ticketmaster, Kinsale Capital Group, Clean Harbors Locations: The Davenport, Davenport, Kinsale, Richmond, Avantor

☆ Ford could do 2 things to really shine in a challenging 2024 for the auto industry
▼ + stars: | 2024-01-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Underscoring our optimism, total hybrid sales last week came in strong for the fourth quarter and the year. They grew 55.5% for the quarter while EV sales rose 27.5%. With higher-margin hybrid sales topping the quarter and the year, the Maverick Hybrid was the best performer, with a 67% increase in 2023 sales from the year-ago period. Morgan Stanley and Wells Fargo analysts are taking a pretty pessimistic view of the auto industry in the year ahead. F 1Y mountain Ford 1 year Reflecting that apprehension, the late-2023 upswing in Ford stock has been reversing a bit in the new year.

Persons: Ford, Jim Farley, Jim Cramer, Morgan Stanley, Wells, Tesla, Wells Fargo, Jim Cramer's, Jim, Michael Nagle Organizations: Ford, ICE, General Motors, Federal Reserve, Management, CNBC, New York, Auto, Bloomberg, Getty Locations: New York, U.S

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