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☆ Monday's rally raises the stakes ahead of inflation data release — listen to the 'Homestretch'
▼ + stars: | 2023-02-13 | by ( ) www.cnbc.com time to read: +7 min

I WOULD SAY IT DOES RAISE THESTAKES A LITTLE BIT SO TO SPEAKAHEAD OF CPI TOMORROW JUST INTERMS OF WE HAVE TO GET A GOODINFLATION NUMBER IN ORDER TOKEEP THE RALLY GOING. IF IT COMES IN A LITTLE BIT HOTOR MAYBE EVEN IF IT COMES IN ASEXPECTED, PERHAPS WE SEE SOMESELLING AND PROFIT TAKING THERE. YEAH, JUST IN TERMS OF WHAT ISWORKING TODAY, A LOT OF IT WILLBE TECH. SOME OF IT IS LED BY SOME OF OURNAMES, TOO, WHETHER IT ISMICROSOFT OR A LOT OF SEMISLEADING, NVIDIA, AMD. IT HAS LOST A LITTLE BIT OF ITSJUICE SINCE EARNINGS.

☆ Perfect Storm for Some Companies: Fewer Interest Deductions, Rising Rates
▼ + stars: | 2023-02-06 | by ( Mark Maurer | ) www.wsj.com time to read: +9 min

For some firms, the move shrank the amount of taxable income that can be offset by interest expenses. Higher interest rates generally lead to higher interest expenses tied to companies’ variable-rate debt, new borrowings and refinancings. The cap can hit companies’ cash flows immediately, though not necessarily their financial statements, due to timing differences in claiming the deductions. Aluminum maker and recycler Novelis plans to allocate less cash toward its venture-capital arm due to the higher interest expenses. Leveraged loans have variable rates that typically reset every one to three months, based on short-term interest rates.

☆ After huge Turkey quake, Diyarbakir residents pray for missing families
▼ + stars: | 2023-02-06 | by ( Umit Ozdal | ) www.reuters.com time to read: +3 min

DIYARBAKIR, Turkey, Feb 6 (Reuters) - In the southeastern Turkish city of Diyarbakir, residents were hoping and praying for news of relatives and friends after a massive earthquake and a huge aftershock turned apartment blocks into mounds of rubble and piles of shattered masonry. "My nephew is under the rubble, with his wife and kids," Ahmet Budak told Reuters after he had rushed towards their building. More than 2,400 people have been killed and thousands more injured in Turkey and northwest Syria. They worked alongside diggers that were guided in to move huge slabs of concrete and sheets of corrugated metal. Writing and additional reporting by Ezgi Erkoyun; Editing by Alison Williams and Edmund BlairOur Standards: The Thomson Reuters Trust Principles.

☆ Here’s our February rapid-fire update on all 34 stocks in Jim Cramer’s Investing Club portfolio
▼ + stars: | 2023-02-05 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +12 min

Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the holdings we manage in the CNBC Investing Club. J & J is a good stock to get into ahead of the impending split into two companies: consumer brands and pharma/medical technology. The company reported a good quarter and guidance, while fundamentals are solid ahead of the split. 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.

☆ India's Adani shares nosedive as investors fret about Hindenburg fallout
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +3 min

Hindenburg in its report said key listed Adani companies had "substantial debt" and that shares in seven Adani listed firms have an 85% downside due to what it called sky-high valuations. The Adani Group said the allegation of stock manipulation had "no basis" and stemmed from ignorance of Indian law. Its response stated that over the past decade, group companies have "consistently de-levered". In total, the seven listed Adani Group companies now have a market capitalisation of $99 billion, versus $218 billion before the Hindenberg report. The prices of U.S. dollar bonds issued by Adani Group entities edged higher on Friday after diving on Thursday.

☆ Investor reaction to Adani market rout after short-seller report
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: +4 min

The rout has sparked concern that the fallout could also affect, more broadly, confidence in India. GEORGE BOUBOURAS, HEAD OF RESEARCH AT K2 ASSET MANAGEMENT, MELBOURNE (UNDERWEIGHT ON INDIA)"The Adani effect works both ways given the market cap relative to index. "To attract more capital the Indian economy needs more FTAs (free-trade agreements) and more financial market reform - a long process." Given there has not been any significant change for now for the market valuation, the market remains overall expensive in our view." Adani is a known levered name in India, so I would think most participants should not associate the same issues for other Indian assets."

India's largest ever secondary share sale attracted participation from anchor investors including Maybank Securities and Abu Dhabi Investment Authority, as well as India's HDFC Life Insurance and state-backed Life Insurance Corporation (LIFI.NS). By Tuesday the overall share sale was fully subscribed as foreign institutional investors and corporate funds flooded in, although participation by retail investors and Adani Enterprises (ADEL.NS) employees remained low. Support for Adani's share sale came even as the flagship's shares closed at 2,973.9 rupees, up nearly 3% but below the lower end of the sale price band of 3,112 rupees. So, what happens to one particular corporate group, is a matter between the market and the corporate group." Reuters GraphicsHindenburg said in its report it had shorted U.S.-bonds and non-India traded derivatives of the Adani Group.

The secondary share sale of flagship Adani Enterprises (ADEL.NS) was subscribed 93% on Tuesday, including the anchor investor portion, Indian stock exchange data showed. The share sale needed at least 90% subscription to go through. By Monday, the book building process of the country's largest share sale had received only 3% in bids, amid swirling concerns that the share sale could struggle due to a market rout in Adani's stocks in recent days. That has since sparked $65 billion in cumulative losses for stocks of the Adani group, which called the report baseless. The support for Adani's share sale came even as the flagship's shares were trading at 2,967 rupees, up nearly 2.5% but below the lower end of the share sale price band of 3,112 rupees.

[1/5] Indian billionaire Gautam Adani speaks during an inauguration ceremony after the Adani Group completed the purchase of Haifa Port earlier in January 2023, in Haifa port, Israel January 31, 2023. REUTERS/Amir CohenSummarySummary Companies Adani scripts comeback by completing share saleKey $2.5 billion share sale fully subscribed-dataShort-seller's report led to fall in Adani sharesMUMBAI, Jan 31 (Reuters) - Gautam Adani's crucial $2.5 billion share sale was fully subscribed on Tuesday as investors pumped funds into his flagship firm, despite a $65 billion rout in the Indian billionaire's stocks sparked by a short-seller's report. Support for Adani's share sale came even as the flagship's shares closed at 2,973.9 rupees, up nearly 3% but below the lower end of the sale price band of 3,112 rupees. So, what happens to one particular corporate group, is a matter between the market and the corporate group." Hindenburg said in its report it had shorted U.S.-bonds and non-India traded derivatives of the Adani Group.

☆ Adani rides out storm as investors rally behind $2.5 billion share sale
▼ + stars: | 2023-01-31 | by ( ) www.cnbc.com time to read: +4 min

But on Tuesday, the overall share sale was fully subscribed as foreign institutional investors and corporates pumped in funds, although participation by retail investors and Adani Enterprises employees remained low. That sparked $65 billion in cumulative losses for stocks of the Adani group, which called the report baseless. The support for Adani's share sale came even as the flagship's shares closed at 2,973.9 rupees, up nearly 3% but below the lower end of the sale price band of 3,112 rupees. Demand mostly came from foreign institutional investors, as well as corporates who bid in excess of 1 million rupees each, data showed. Adani Transmission closed nearly 4% higher on Tuesday after losing 38% since the Hindenburg report, while Adani Ports and Special Economic Zone climbed 2.6%.

Adani Transmission (ADAI.NS), Adani Total Gas (ADAG.NS), Adani Green Energy (ADNA.NS), Adani Power (ADAN.NS) and Adani Wilmar (ADAW.NS) fell between 5% and 20% on Monday. It stayed well below the offer price of the issue, which if successful will be largest such share offering ever in India. Adani Enterprises' $2.5 billion secondary share sale closed its second day amid weak investor sentiment. The stock closed at 2,892.85 rupees, 7% below the 3,112 rupees lower end of the offer price band. "While there is a risk that the share sale does not go through, it will be crucial today to wait and see how institutional investors participate."

☆ A financially independent 34-year-old says that building wealth through real estate investing is 'a numbers game.' He explains how to win the game by avoiding 'lazy money.'
▼ + stars: | 2023-01-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

The key to making money as a real estate investor is to avoid what he calls "lazy money." He also owns a handful of properties and manages two funds that invest in commercial real estate, both of which he owns a piece of. "I'm supremely confident that real estate is much better from a risk-reward standpoint than stocks," the 34-year-old told Insider. Making money via real estate investing "is all a numbers game," said Berkley. And the way to win the game is by avoiding what he calls "lazy money," which he describes as money that's not being put to use in the best way possible.

☆ Here are Wednesday's biggest analyst calls: Tesla, Amazon, Robinhood, Microsoft, Sunrun, Block & more
▼ + stars: | 2023-01-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: BMO downgrades Microsoft to market perform from outperform BMO downgraded the stock after Microsoft's earnings report, noting it has concerns about Azure growth. Bank of America initiates Papa John's as buy Bank of America said the pizza chain stock is attractive and that it sees a return to growth. " Bank of America downgrades Booking Holdings to neutral from buy Bank of America said it sees "less valuation upside" for the online travel booking company. Bank of America downgrades Union Pacific to neutral from buy Bank of America it's concerned about "service and cost pressures" for Union Pacific. Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating heading into Amazon earnings, but it's concerned about Amazon Web Services following Microsoft's disappointing quarterly results.

☆ Gautam Adani, Asia's richest man, slams short-seller Hindenburg's claims as 'baseless' and 'malicious'
▼ + stars: | 2023-01-25 | by ( Diksha Madhok | ) edition.cnn.com time to read: +4 min

Shares of Adani’s companies have surged in the last few years, making him Asia’s richest man. In 2021, shares in Adani’s companies tumbled after The Economic Times newspaper said that foreign funds that hold stakes worth billions of dollars were frozen by the country’s National Securities Depository. Its report on the Adani Group comes at a sensitive time. Later this week, Adani Enterprises, the conglomerate’s flagship company, is aiming to raise 200 billion rupees ($2.5 billion) by issuing new shares. Last year, CreditSights, a research firm owned by Fitch Group, published a report about Adani Group titled “Deeply Overleveraged” in which it expressed strong concerns about its debt-funded growth plans.

☆ Here are Tuesday's biggest analyst calls: Apple, Disney, Target, AMD, Tesla, Coinbase, Amazon & more
▼ + stars: | 2023-01-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Tuesday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by it's overweight rating on Apple shares heading into earnings on Feb. 2. Bernstein reiterates Apple as market perform Bernstein said it's "ambivalent" about Apple shares heading into earnings next month. Bernstein downgrades Advanced Micro to market perform from outperform Bernstein said it's concerned about a deteriorating PC market. Morgan Stanley upgrades Marathon Oil to overweight from neutral Morgan Stanley said Marathon Oil has "peer-leading FCF and shareholder returns." Morgan Stanley reiterates Ford as overweight Morgan Stanley said it sees opportunity for Ford to "to exercise its self-help muscle."

☆ Cramer on the astonishing rise of offensive stocks — and what could come next
▼ + stars: | 2023-01-22 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

When I went over about 1,000 stocks this weekend, I was astonished to see that the stocks with the strongest charts were those in the most offensive categories. Not even a weaker U.S. dollar has meant anything to brace these stocks from a further fall. There's one group, though, that's just plain hard to call, and that's tech. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ A former equities trader who now invests in real estate full-time and cash flows $45,000 per month explains why 'the risk-reward is much more attractive on real estate than stocks'
▼ + stars: | 2023-01-19 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

He believes that real estate is much better from a risk-reward standpoint than stocks. With real estate, there are four ways to make money, including cash flow and levered appreciation. "And I'm supremely confident that real estate is much better from a risk-reward standpoint than stocks. And he's only doubled down on the investment, he added: More than 80% of his current net worth is invested in real estate. Plus, he manages two funds that invest in commercial real estate, both of which he owns a piece of.

☆ Wall Street names these 20 Club stocks as top picks for 2023. Here's the list and our takes
▼ + stars: | 2022-12-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +16 min

Club take: We've pared back our position in AMD this year as the semicondcutor company worked through its inventory correction. The company has to do more in terms of managing its costs, but it will likely be a priority in 2023. Analysts described growth outlooks in these segments as "robust" and expect them to drive revenue growth and margin expansion. BofA calls the Club stock a "top tier operator" and expects the company to grow revenue in the coming year despite fears of an economic downturn. Analysts expect to see strong data center growth next year, a business they said could reach $20 billion by 2023.

☆ Energy funds were among the biggest ETF winners in 2022 — but not exclusively
▼ + stars: | 2022-12-28 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

In many cases, the energy funds didn't even need leverage to outperform, with plain vanilla sector funds seeing massive gains. The iShares MSCI Turkey ETF has surged in the second half of the year and has a total return of more than 100%. Even with the Turkey outlier, the list overall is still dominated by oil and gas funds, with the VanEck Oil Services ETF (OIH) generating a total return of 65%. The Advocate Rising Rate Hedge ETF (RRH) and FolioBeyond Rising Rates ETF (RISR) also did their job in buoying investors portfolios. On the inflows side, broad market funds from Vanguard and iShares were the big winners, as those two brands continued to dominate the ETF market.

☆ Goldman Sachs names SolarEdge Technologies and First Solar top picks for 2023
▼ + stars: | 2022-12-19 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The outlook is rosy for SolarEdge Technologies and First Solar , according to Goldman Sachs. Analyst Brian Lee named the two solar stocks among his top picks heading into 2023, saying they can add to this year's gains. "While solar equities outperformed in 2022 vs. R2K, stocks are still ~20% below early '21 peak levels and valuations remain below pre-IRA levels," Lee wrote in a Sunday note. Solar stocks outperformed in the second half of 2022, after underperforming in the first half of the year, following the passage of the Inflation Reduction Act. Meanwhile, shares of First Solar may have surged more than 77% this year, but the analyst forecasts the company could be the "biggest beneficiary of the IRA" because of its "outsized leverage to US utility-scale solar," Lee said.

☆ There could be a new market low in 2023. Investors can hide in these 5 stocks, MKM Partners says
▼ + stars: | 2022-12-17 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +4 min

The stock market could reach new lows in the new year, but there are some stocks where investors can weather market volatility, according to MKM Partners. That doesn't bode well for stocks and means there's a high risk that the equity market will see a new low next year, he said. In that market environment, MKM recommends focusing on stocks that are defensive and avoiding sectors trading at high-cyclical adjusted valuations. MKM sees investors overlooking the amount of leverage that Arch has as a positive going into the current cycle. The pick with the largest potential upside is Talos Energy , which MKM sees surging 47% to its target price.

☆ Here are Friday's biggest analyst calls: Apple, Amazon, Meta, Nvidia, Carvana, Delta, Walmart & more
▼ + stars: | 2022-12-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Evercore ISI names Apple as a top pick in 2023 Evercore said it sees 2023 as a "moonshot" year for Apple. MKM names Walmart a top 2023 pick MKM said it sees further share gains for Walmart in 2023. " JPMorgan names Eli Lilly a top 2023 pick JPMorgan said Eli Lilly is "best-in-class." Canaccord names Yeti and Traeger top 2023 picks Canaccord says Yeti should hold up well in a recessionary environment. YETI Holdings (YETI : BUY, $58 PT): We believe the core YETI consumer should hold up relatively better in a recession as it skews a bit higher end.

☆ Here's why we're overhauling our Bullpen watch list — adding five stocks and removing two
▼ + stars: | 2022-12-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +13 min

We're making several updates to our Bullpen watch list: adding five names, including Caterpillar (CAT), and removing two. Also, adding a stock to the Bullpen does not necessarily mean we would buy it at the current price. Let's go company by company to explain the reasons behind the additions and the removals. 5 stocks added to the Bullpen This aerospace and defense company was formed in 2020 through the combination of Raytheon Company and United Technologies Corporation's aerospace business. 2 stocks removed by the Bullpen We put Barrick Gold in the Bullpen back in March, thinking investors may seek out gold stocks as a safe haven during times of crisis.

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Tesla, Netflix, Coinbase, Costco, Etsy & more
▼ + stars: | 2022-12-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan reiterates Apple as overweight JPMorgan said Apple's iPhone supply chain challenges appear to be moderating. JPMorgan reiterates Netflix as overweight JPMorgan said it sees a "heavily backend-weighted quarter" for Netflix. Morgan Stanley initiates Marriott as overweight Morgan Stanley said it likes how the hotel chain has transformed its business and that it sees a "further re-rating." Jefferies reiterates Amazon and Etsy as buy Jefferies said Amazon and Etsy will be winners this holiday shopping season. Morgan Stanley downgrades Silvergate to underweight from equal weight Morgan Stanley said in its downgrade of the crypto bank that it sees too many headwinds due to the FTX collapse. "

☆ The S&P 500 hasn't bottomed before a recession since WWII
▼ + stars: | 2022-12-05 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

"History suggests that if the US economy experiences a recession, the SPX bottoms out during the recession and not before. Only the March 1945-October 1945 recession saw the SPX rally ahead of and throughout the recession," the note said. Canaccord Genuity strategist Tony Dwyer is one of the Wall Street pros that sees a recession and a market bottom coming soon. He pointed to the historical track record of market bottoms coming after the start of a recession as one reason for short-term pessimism about the market. We would enter 2023 with a more defensive posture, with an eye on adding risk as the market begins to more fully reflect the likelihood of recession," Dwyer said.

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