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☆ Wall Street slashes price targets this earnings season. Here are 13 stocks that bucked the trend
▼ + stars: | 2022-11-03 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

As Wall Street banks cut share price targets across the board this earnings season, only a handful of companies have bucked the trend, an analysis by CNBC Pro reveals. About 20 stocks emerged with a meaningfully higher price target of 5% or more compared to a month ago. Of these, only 13 still offer a potential upside of at least 5% to their current share price . The median price target for SLB represents a 13.5% upside potential, according to FactSet data. Loews Corp was excluded from the analysis as price targets or estimates were unavailable during the analysis.

Germany's Volkner Mobil creates custom luxury RVs. The vehicles come fitted with a fully equipped kitchen, a bathroom, a bedroom, and a "garage." The German manufacturer Volkner Mobil, run by married couple Gerhard and Stephanie Volkner, makes custom luxury RVs. So he decided to build one himself, using the chassis of a truck, Stephanie Volkner said in an interview with Insider. The cheapest version Volkner Mobil offers costs 425,000 euros, with most models costing between 1.1 million and 1.8 million euros, which is around $1.07 million to $1.75 million, Volkner said.

☆ Whirlpool's India unit reports 39% drop in Q2 profit
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 1 (Reuters) - Home appliances maker Whirlpool of India (WHIR.NS) reported a 39% drop in second-quarter profit on Tuesday, as costs increased and demand for white goods was muted amid surging inflation. Whirlpool's profit before exceptional items, its share of profit from joint ventures, and tax slid to 669.9 million Indian rupees ($8.10 million) from 1.09 billion Indian rupees, a year earlier. It had booked a one-time fair value gain of 3.25 billion rupees last year on equity interest in kitchen appliances maker Elica India. Revenue rose marginally by 0.31% to 16.12 billion rupees, helped by the higher prices. IFB (IFBI.NS) posted a 2% fall in its second-quarter profit last week on higher expenses.

Oct 31 (Reuters) - Emerson Electric Co (EMR.N) will sell a majority stake in its climate technologies unit to Blackstone Inc (BX.N) in a deal that values the business at $14 billion, as the U.S. industrial firm pivots to supplying to a booming automation market. Emerson's shares edged up 1% in a weak broader market as the company also beat fourth-quarter earnings and revenue. The Climate Technologies business, which will be structured as a joint venture, generated net sales of $5 billion in fiscal 2022. Emerson said it plans to use proceeds from the deal to invest in automation-related businesses and spend around $2 billion on share repurchases in 2023. Centerview Partners LLC and Goldman Sachs are financial advisers to Emerson, while Barclays is the lead financial adviser to Blackstone.

☆ Blackstone to buy majority stake in Emerson's climate tech unit in $14 bln deal
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +2 min

Oct 31 (Reuters) - Emerson Electric Co (EMR.N) will sell a majority stake in its climate technologies unit to Blackstone Inc (BX.N) in a deal that values it at $14 billion, the latest revamp by the U.S. industrial firm as it focuses on the booming automation market. Emerson's shares rose about 3.8% before the bell as the company also beat fourth-quarter earnings and revenue. Emerson, which will retain about 45% stake in the climate tech unit, said Blackstone and co-investors Abu Dhabi Investment Authority and GIC, would contribute $4.4 billion in equity toward the deal, which would be supplemented by $5.5 billion of debt financing. read moreThe Climate Technologies business, which will be structured as a joint venture, generated net sales of $5 billion in fiscal 2022. The unit includes its Copeland compressor business and products and services across residential and commercial heating and cooling.

☆ Emerson sells majority stake in climate tech unit to Blackstone
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +1 min

Oct 31 (Reuters) - Emerson Electric Co (EMR.N) is selling a majority stake in its climate technologies unit to Blackstone Inc (BX.N), the U.S. industrial firm said on Monday, in a deal that values the unit at $14 billion. The deal would give Blackstone a 55% stake in the unit. Blackstone and co-investors would contribute $4.4 billion in equity toward the deal, which would be supplemented by $5.5 billion of debt financing, Emerson said. As part of that pivot, Emerson in August also sold its unit that makes waste disposal equipment and hot water dispensers to Whirlpool Corp (WHR.N). The Blackstone deal is expected to close in the first half of 2023.

☆ Bank of America downgrades Whirlpool on 'severe' drop in appliance demand
▼ + stars: | 2022-10-26 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Consumers aren't buying as many appliances as they used to, and that's bad news for Whirlpool according to Bank of America. The firm on Wednesday downgraded the company stock to underperform from neutral and cut its price target to $119 from $155. "Industry and company data suggests a severe drop in appliance demand and softening of pricing, while costs remain elevated, pressuring margins," wrote analyst Elizabeth Suzuki in the note, adding that Bank of America lowered its expectations for Whirlpool's 2023 earnings. "North America drove the lion's share of the miss, due to the impact of widespread global cost increases, combined with weakening demand. Shares of Whirlpool have slumped more than 41% year to date, underperforming the S & P 500's 19% drop.

☆ Here are Wednesday's biggest analyst calls: Tesla, Microsoft, Disney, Amazon, Alphabet & more
▼ + stars: | 2022-10-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America downgrades Whirlpool to underperform from neutral Bank of America said there has been a severe drop in appliance demand. Bank of America reiterates Uber as buy Bank of America said it's staying "constructive" on Uber heading into earnings on Nov. 1. Morgan Stanley upgrades Discover to overweight from equal weight Morgan Stanley upgraded the stock on a potential buyback resumption. " Morgan Stanley reiterates Disney as overweight Morgan Stanley said Disney shares already have baked in macro risks. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's seeing signs that Tesla is "taking steps to become a bigger player in its own battery supply chain."

☆ For the Well-Off, the Economy Is Still in a Postpandemic Spending Boom
▼ + stars: | 2022-10-24 | by ( Jon Sindreu | ) www.wsj.com time to read: 1 min

Wealthier households own most of the stock market. They may also hold the keys to a stock-market rebound—in the form of their own spending. In recent weeks, many consumer-facing companies have warned of lower sales and earnings than Wall Street expected. Examples include KitchenAid owner Whirlpool , Korean electronics manufacturer Samsung and apparel labels like Adidas and H&M . Packaged-goods giants such as Procter & Gamble and Nestlé are making more money by raising prices, but still reported falling sales volumes.

☆ Companies Take Different Strategies to Navigate High Inflation
▼ + stars: | 2022-10-23 | by ( Thomas Gryta | Drew Fitzgerald | ) www.wsj.com time to read: 1 min

Procter & Gamble is ramping up advertising on premium brands. Verizon Communications is raising prices on wireless plans, while Whirlpool has slashed production of appliances. High levels of inflation in the U.S. and shifts in underlying demand are putting the spotlight on the strategies executives are taking to navigate a global economy where costs are rising and consumer appetite for some products has waned.

☆ Whirlpool Cuts Production to Counter Falling Appliance Sales
▼ + stars: | 2022-10-21 | by ( Bob Tita | ) www.wsj.com time to read: 1 min

Whirlpool slashed production of refrigerators, dish washers and other home appliances by more than a third during its most recent quarter to shrink inventories as consumer demand diminished, executives said. The Benton Harbor, Mich.-based company cut its profit forecast for 2022 by about half, warning that high costs were likely to persist into next year as appliance demand remains muted.

☆ Stocks making the biggest moves premarket: American Express, Verizon, Snap and others
▼ + stars: | 2022-10-21 | by ( Peter Schacknow | ) www.cnbc.com time to read: +3 min

American Express also raised its full-year forecast, amid a surge in customer spending, and increased the amount in reserve for potential defaults. Verizon (VZ) – Verizon earned an adjusted $1.32 for the third quarter, beating the consensus estimate by 3 cents, with revenue also better than expected. Snap (SNAP) – The Snapchat parent's stock tumbled 28.2% in the premarket after forecasting no revenue growth for the current quarter. Whirlpool (WHR) – The appliance maker's profit and revenue for the latest quarter came in below Wall Street forecasts. Under Armour (UAA) – The athletic apparel maker's stock lost 2.6% in the premarket after Telsey Advisory Group downgraded it to market perform from outperform.

☆ What Cramer is watching Friday — a new wild card for Musk and Twitter, more earnings
▼ + stars: | 2022-10-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Twitter (TWTR) and Musk new wild card. A separate report in the Washington Post said Musk is planning to cut the Twitter workforce by 75%. Jeffries lowered price target for Club name Estee Lauder (EL), but maintains its buy rating. Dow Inc. (DOW) price target raised to $47 from $45 at Citi. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stocks making the biggest moves after hours: Snap, CSX, Whirlpool and more
▼ + stars: | 2022-10-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The company's third-quarter revenue was about 6% higher than last year. The employment agency missed expectations on top and bottom lines, posting per-share earnings of $1.53 on revenue of $1.83 billion. SVB posted per-share earnings of $7.21, compared to analysts' expectations of $7.09 per share. Adjusted per-share earnings came in at $1.44, compared to analysts' expectations of $1.24, according to Refinitiv. Tenet also announced a $1 billion share buyback program.

☆ Premarket stocks: The Fed isn't about to back down from its inflation fight
▼ + stars: | 2022-10-20 | by ( Julia Horowitz | ) edition.cnn.com time to read: +5 min

A version of this story first appeared in CNN Business’ Before the Bell newsletter. London CNN Business —Twelve days from now, the Federal Reserve will meet again, and expectations for the central bank’s next moves are firming up. The consensus among investors: Persistently hot inflation means the Fed will need to continue with its string of aggressive interest rate hikes, which is unprecedented in the modern era. In an interview with Reuters on Friday, St. Louis Fed President James Bullard said inflation had become “pernicious,” which means that “frontloading” larger rate hikes is logical. But with two quarters of disappointing deliveries caused by supply chain issues and Covid-related shutdowns in China, that goal has looked increasingly out of reach, my CNN Business colleague Chris Isidore reports.

☆ Tesla and Truss, 5% and 150
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +4 min

A Tesla model 3 car is seen in their showroom in Singapore October 22, 2021. read more The latest European tech sector earnings on Thursday were downbeat, too. Bank of England Deputy Governor Ben Broadbent said the BoE would respond to changes in Truss's tax and spending policies. read moreKey developments that should provide more direction to U.S. markets later on Thursday:* European Union summit in Brussels* U.S. Oct Philadelphia business index. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ OutThink raises $10 mln to track human errors behind data breaches
▼ + stars: | 2022-10-18 | by ( Juliette Portala | ) www.reuters.com time to read: +2 min

SummarySummary Companies AlbionVC backs OutThink's $10 million seed funding roundFinancing to speed up the firm's international distributionCo to help identify human behaviour behind data breachesOct 18 (Reuters) - London-based cybersecurity company OutThink has raised $10 million in early-stage investments backed by venture capital firm AlbionVC, it said on Tuesday, as it looks to help organisations identify human behaviour that can lead to data breaches. The company, which says human behaviour is the source of 91% of data breaches, uses machine learning, natural language processing and applied psychology to identify, understand and manage the attitudes, intentions and sentiment of individuals. The financing, in which TriplePoint Capital, Forward Partners, Gapminder and Innovate UK took part, brings the firm's total funding to $11.4 million. OutThink said its platform was used by major organisations, including Whirlpool (WHR.N), Danske Bank (DANSKE.CO), Rothschild (ROTH.PA) and NatWest (NWG.L). Register now for FREE unlimited access to Reuters.com RegisterReporting by Juliette Portala, editing by Supantha Mukherjee and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla investors try to ignore Musk's many distractions
▼ + stars: | 2022-10-16 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

While that’s good news for Twitter’s long-suffering shareholders, Tesla investors hope he still has some time for them. There are big challenges in China as well, with Tesla going up against homegrown EV rivals like Nio (NIO), Xpeng and Li Auto. Too many distractionsGary Black, managing partner at the Future Fund and a Tesla shareholder, has been tweeting for the past few weeks that concerns about Twitter are a headache for Tesla investors. In one tweet, Black said there are several problems for Tesla due to Twitter. The underwhelming deliveries and production numbers also underscore how a slowing global economy (and possible recession) could hurt Tesla.

☆ Investing Club: The week in review, the week ahead — Oct. 14, 2022
▼ + stars: | 2022-10-14 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Club trades for the week Monday Bought 20 shares of Constellation Brands (STZ); Trust owns 390 shares of STZ. On Wednesday, the September producer price index was reported to have risen 0.4% monthly, double the expectation. On Thursday, the September consumer price index was also reported to have increased 0.4% monthly, above the expectation for a 0.3% increase. Excluding automobile sales, sales were up 0.1% slightly ahead of the expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ October's wild trading could give way to a new stock rally, as earnings roll out in the week ahead
▼ + stars: | 2022-10-14 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

But Emanuel sees the chance for a 17% to 20% rally in the S & P 500. The S & P 500 was down about 0.9% for the week, as of Friday afternoon, and it was hovering just above 3,600. S & P 500 earnings are expected to grow by 3.6% for the third quarter, based on actual reports and estimates, according to Refinitiv. Without the boost from more than doubling profits from energy companies, S & P earnings would decline by 3.1%. Week ahead calendar Monday Earnings: Bank of America , Bank of NY Mellon, Charles Schwab 8:30 a.m.

☆ Here is an update on our 7 Bullpen stocks
▼ + stars: | 2022-10-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

We reviewed our Bullpen stocks during the Investing Club's October "Monthly Meeting" on Thursday. Barrick Gold (GOLD): Investors would think that with geopolitical tensions, inflation, and economic uncertainty, this is time for gold to shine. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Factbox: Companies sell their businesses in Russia
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +9 min

The logo of French tyre maker Michelin is seen at a company building in Boulogne-Billancourt, near Paris, France, August 6, 2022. REUTERS/Sarah Meyssonnier/File PhotoOct 10 (Reuters) - Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they seek to comply with sanctions over the Ukraine conflict and deal with threats from the Kremlin that foreign-owned assets may be seized. Below is a list of firms by sector that have sold their businesses in Russia:AUTOS** British car distributor Inchcape (INCH.L) sold its Russian business to local managementRegister now for FREE unlimited access to Reuters.com Register** Italian truck and bus maker Iveco (IVG.MI) transferred its 33% stake in its AMT truck assembly joint venture in Russia to a local partner** French tyre maker Michelin (MICP.PA) intends to transfer its activities in Russia to a new entity under local management by end-2022** French carmaker Renault (RENA.PA) sold its majority stake in Avtovaz (AVAZI_p.MM) to a Russian science institute, and transferred all shares in Renault Russia to the city of Moscow** MAN Truck & Bus and Scania, units of German truck maker Traton (8TRA.DE), expect to sell their sales companies in Russia to local partners along with Scania's Russian financing business by Q1 2023BANKS** Britain's HSBC (HSBA.L) agreed to sell its Russian business to Expobank, subject to regulatory approvals in Russia** Czech investment group PPF sold its Russian banking assets, including consumer lender HCFB and its subsidiaries, to investors led by Ivan Tyryshkin** France's Societe Generale (SOGN.PA) sold its Russian business Rosbank (ROSB.MM) to Interros Capital, a firm linked to Russian oligarch Vladimir PotaninCONSUMER ELECTRONICS** Swedish home appliance maker Electrolux (ELUXb.ST) transferred its business in Russia to local management** Its Electrolux Professional (EPROb.ST) branch also sold its Russian business to local management** Whirlpool (WHR.N) sold its Russian operations to Turkey's Arcelik (ARCLK.IS)ELECTRICAL COMPONENTS & EQUIPMENT** Finland's Boreo (BOREO.HE) sold its 90% stake in YE Russia to companies controlled by its current director Yrjö Pönni** U.S. industrial firm Emerson Electric (EMR.N) agreed to sell its Russia business to the local management** Finnish elevator maker Kone (KNEBV.HE) expects to close the sale of its Russian business to local management in Q4 2022** France's Schneider Electric (SCHN.PA) expects to close the sale its Russian unit to local management by end-2022** U.S. elevator maker Otis (OTIS.N) sold its Russia business to local investment firm Ice DevelopmentENERGY** French industrial gases producer Air Liquide (AIRP.PA) agreed to shift its Russian assets to local management, subject to regulatory approvals in Russia** Baker Hughes (BKR.O) agreed to sell its oilfield services business in Russia to local management, with closing expected in H2 2022** Italian utility Enel (ENEI.MI) sold its 56.43% stake in Enel Russia to Lukoil (LKOH.MM) and private fund Gazprombank-Frezia** Norway's Equinor (EQNR.OL) transferred assets of its Russian oil and gas joint ventures to state-owned partner Rosneft (ROSN.MM), and its 30% stake in the Arctic Kharyaga oilfield to state-controlled Russian operator Zarubezhneft** U.S. oilfield services firm Halliburton (HAL.N) sold its Russia operations to a management team made up of former employees** Oil major Shell (SHEL.L) sold its Russian retail and lubricants business to Lukoil** Singapore-based commodities trader Trafigura sold its 10% stake in Vostok Oil project in Siberia to Hong Kong-registered trading firm Nord Axis** Total Energies (TTEF.PA) sold its remaining 20% interest in the Kharyaga oil project to Zarubezhneft, and its 49% stake in Terneftegaz to joint venture partner NovatekFOOD & BEVERAGES** Finland's Atria (ATRAV.HE) sold its fast food business in Russia, Sibylla Rus, to Russian meat producer Cherkizovo (GCHE.MM)** Finland's Fazer sold its Russian unit to Moscow's Kolomenskij Bakery and Confectionery Holding** Irish ingredients giant Kerry Group (KYGa.I) sold its Russian subsidiary to local management and agreed to offload its Belarusian unit to a local operator** Fast food chain McDonald's (MCD.N) sold its Russian business to its licensee Alexander Govor** Finnish food and drinks company Paulig sold its operations in Russia to private Indian investor Vikas Soi** Yum Brands (YUM.N) sold its Pizza Hut business in Russia to a local operator** Finnish food processing firm Raisio (RAIVV.HE) sold its consumer business in Russia to Copacker Agro** Finnish dairy producer Valio sold its Russian business to GK VelkomINDUSTRIAL MACHINERY** Polish measuring devices maker Apator's (APTP.WA) Powogaz unit divested its entire stake in Russia-based AO Teplovodomer** Danish industrial firm Danfoss agreed to sell its Russian and Belarusian business to local management, subject to approval by shareholders and regulatory approvals in Russi

German company Wasser 3.0, however, thinks it may have found the answer to cleaning up microplastic pollution before it reaches the ocean — using a whirlpool and a specially developed hybrid silica gel. Courtesy Wasser 3.0 gGmbH | Philipp BrüderleThe hybrid silica gel consists of silicone-based chemicals called organosilanes, and is non-toxic, says Schuhen. During a 12-month trial at the Landau site, around 600 pounds of microplastics were removed, says Schuhen. Some scientists have suggested using magnetic fluids to separate microplastics from water or sticky film made of bacteria, but these processes are in their early stages. Schuhen says that Wasser 3.0 is an affordable, scalable and simple solution to the global problem of microplastic pollution.

Over the past two years, however, Bed Bath has tested vendor relationships by making late payments, pushing aggressively into private labels and losing shoppers. Those tensions have intensified as financial troubles mounted, according to the former Bed Bath executives. Make or breakA customer carries a shopping bag outside a Bed Bath & Beyond Inc. store in Charlotte, North Carolina. Bed Bath already had a significant debt load prior to the new financing. Growing troublesCustomers carry bags from Bed Bath & Beyond store on April 10, 2013 in Los Angeles, California.

☆ Wonder where the economy is heading? Pay close attention to earnings
▼ + stars: | 2022-09-20 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +5 min

Economic bellwether FedEx (FDX) stunned Wall Street last week with a massive earnings warning and tepid outlook for the global economy. Still, investors remain nervous about the health of the railroad business, a sign of the jitters about the overall economy. Most of Corporate America operates on a calendar year schedule for earnings, which means they will report third quarter results in October. That would be the worst quarter for earnings since a 5.7% decrease in the third quarter of 2020, when the economy was reeling from Covid-imposed lockdowns. That adds to the risk that a global spike in rates will lead to a further slowdown in earnings, consumer spending and the overall economy.

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