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☆ Morning Bid: Full of energy
  + stars: | 2022-11-01 | by ( ) www.reuters.com   time to read: +3 min
Global stocks just won't lie down, doggedly clinging to hopes that central banks will ease off the policy brakes or that China might ease COVID curbs, just as energy firms reap massive windfall profits. Everything from central bank speculation, big rotations of equity sectors and talk of yearend seasonal flows in a U.S. election year are all cited. And after a downbeat start to the week, stocks jumped back yet again on Tuesday - even on some pretty thin reasoning. Underperforming Hong Kong and China stocks surged late in the day, with the former closing up more than 5%, after social media chatter that China was planning some reopening from strict COVID curbs in March. Energy sector earnings show clear winners from the year's Ukraine-related price shock.
☆ What Cramer is watching Tuesday — big J&J deal, Lilly guidance light, Biden scolds Big Oil
  + stars: | 2022-11-01 | by ( Jim Cramer | ) www.cnbc.com   time to read: +5 min
Club holding J ohnson & Johnson (JNJ) buys Abiomed (ABMD), premier heart pumping company, in a deal valued at $16.6 billion. J & J is paying a hefty premium: $380-per-share upfront, plus extra $35-per-share if certain milestones are met. J & J juiced growth ahead of its separation into two companies: one, pharma and the other, consumer brands. This will raise the growth rate of the MedTech portion of new J & J company. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) very good: $516 million versus $470 million expected.
☆ Stocks shrug off tech's troubles as the Street awaits key inflation data next week
  + stars: | 2022-10-28 | by ( Zev Fima | ) www.cnbc.com   time to read: +9 min
The major indexes all posted gains this week despite a Big Tech beatdown, proving the market can rally without its most valuable stocks. Indeed strength in other sectors — only communication services finished down — helped the overall market to shrug off disappointing earnings results from Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN) and Meta Platforms (META). Alphabet's results fell short of the Street's expectations, but still managed to grow revenue 6% annually off a $65 billion base. (Canada's central bank hiked rates less than expected this week, opting for a 50 basis point hike instead of the expected 75.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ Beer is on pace to lose its leading share of the U.S. alcohol market as spirits surge
  + stars: | 2022-10-27 | by ( Stefan Sykes | ) www.cnbc.com   time to read: +2 min
This week, Samuel Adams maker Boston Beer debuted Loma Vista Tequila Soda, a ready-to-drink tequila cocktail in both lime and mango flavors. Last year was the 12th consecutive year spirits have taken away market share from beer in the total U.S. alcoholic beverage market, according to a report earlier this year from the Distilled Spirits Council, a national trade organization. The beer category, which includes hard seltzer, accounted for 42% of the U.S. beverage alcohol market in 2021, while spirits accounted for 41%, according to DISCUS. At this trajectory, spirits are pegged to overtake beer in market share in the next few years, even though beer sales have grown. The downward trend of beer market share has also been reflected on the online ordering and alcohol delivery platform Drizly.
☆ Recession or not, investments in this sector have shown resilience in tough times
  + stars: | 2022-10-18 | by ( Michelle Fox | ) www.cnbc.com   time to read: +13 min
Boston Beer has an average analyst rating of hold and 8% downside to the average price target, according to FactSet. "In a recession, beer tends to gain about one percentage point of share from spirits. How to play the space With that mindset, you shouldn't alter your long-term investments because of a potential recession, Sarwat said. Its average price target is buy. Duckhorn also has an average rating of buy, with 30% upside to the average price target.
☆ Jim Koch used 2 strategies when creating Samuel Adams 38 years ago. Here's what other entrepreneurs can learn from the $4 billion company's founder.
  + stars: | 2022-09-27 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com   time to read: +5 min
Jim Koch founded the Boston Beer Company, the maker of Samuel Adams, in 1984. The bottle is a Samuel Adams, a mainstay on shelves alongside American beer brands like Budweiser and Miller. The Boston Beer Company, which he founded in 1984, now owns Angry Orchard, Truly Hard Seltzer, and Twisted Tea. The billionaire founder and brewmaster said the strategies that made him successful 38 years ago are the same ones that continue to improve Samuel Adams beer today. "In my mind, there is a perfect Sam Adams Boston Lager.
☆ NFL has a new halftime show sponsor
  + stars: | 2022-09-23 | by ( Jordan Valinsky | Cnn Business | ) edition.cnn.com   time to read: +1 min
New York (CNN Business) Apple Music is replacing Pepsi as the new sponsor for the NFL's Super Bowl halftime show. In a statement, the NFL said that it "couldn't think of a more appropriate partner" for the show. Apple Music's sponsorship begins at the next Super Bowl on February 12, 2023, in Glendale, Arizona. More details about the show, including performers, will be released in the coming months on Apple Music's social platforms. Pepsi PEP has been the NFL's halftime show sponsor for the past decade.
☆ Factbox: Mass shootings in the U.S. from Club Q to Pulse nightclub
  + stars: | 2022-07-04 | by ( ) www.reuters.com   time to read: +6 min
[1/2] A police officer sits in their vehicle while responding to a mass shooting at the Club Q gay nightclub in Colorado Springs, Colorado, U.S., November 20, 2022. - BUFFALO, May 14, 2022 - A white gunman killed 10 Black people inside a supermarket in a racially motivated attack. - ORLANDO, June 12, 2016 - A gunman fatally shot 49 people at Pulse, a gay nightclub, before he was shot dead by police. - WASHINGTON, Sept. 16, 2013 - A former Navy reservist working as a government contractor killed 12 people at the Washington Navy Yard. - AURORA, July 20, 2012 - A masked gunman killed 12 people at a cinema in Aurora, Colorado.
☆ Upcoming live events at Insider
  + stars: | 2022-01-19 | by ( Business Insider | ) www.businessinsider.com   time to read: +6 min
Below is a list of our upcoming in-person and virtual events, including exclusive fireside chats, compelling panels, and reporter Q&As. Featured Events for Sustainability & Climate ActionInsider Introducing the Optimist's Destination for Climate ActionApril 10, 2023 | 3 PM ETDetails to come! InsiderFor a Better Future: Bridging Culture, Business, and ClimatePresented by DeloitteApril 25, 2023 | 12 PM ETDetails to come! Panelists from Tinuiti, Jungle Scout, Bobsled Marketing, and Cure Hydration will discuss what this trend means — watch hereHow advertisers can navigate the death of the third-party cookie. To submit a potential speaker for an upcoming event, please complete this form.
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