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☆ U.S. rail union representing 4,900 workers narrowly approves contract
▼ + stars: | 2022-11-05 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 5 (Reuters) - A labor union representing about 4,900 rail workers said on Saturday that members narrowly ratified a tentative contract agreement with freight railroads in the United States. The union representing locomotive machinists, roadway mechanics, and facility maintenance personnel is the seventh of 12 to approve the deal, while two unions previously voted to reject the national deal announced in mid-September. Last month, the Brotherhood of Railroad Signalmen (BRS) union, representing more than 6,000 members, voted against the deal as did the Brotherhood of Maintenance of Way Employees (BMWED), which represents 11,000 workers. The rail deal included a 24% percent wage increase over a five-year period from 2020 through 2024 as well $1,000 lump sum payments in each of the next five years. The unions represent 115,000 workers at railroads including Union Pacific (UNP.N), BNSF, CSX (CSX.O), Norfolk Southern (NSC.N) and Kansas City Southern .

☆ What Cramer is watching Friday — Amazon drop overdone, Apple's outlier quarter, Big Oil profits
▼ + stars: | 2022-10-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Shares of the Club holding down 13% in premarket. Apple's quarter was better than expected , an outlier in an otherwise brutal week for Big Tech earnings. Club holding AbbVie (ABBV) solid number, more of the same. Club holding Pioneer Natural Resources (PXD) slightly misses on EPS of $7.48. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ More than 300 groups urge Biden involvement to avoid rail shutdown
▼ + stars: | 2022-10-27 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Oct 27 (Reuters) - More than 300 groups including the National Retail Federation and National Association of Manufacturers on Thursday urged President Joe Biden's involvement to help avoid a potential rail strike that could have significant impacts on the U.S. economy. On Wednesday, a second union voted against ratifying a national tentative agreement reached in mid-September, raising prospects of a labor disruption later this year. "If that were to be the case, we could witness a strike that would shut down the entire freight rail system." The unions represent 115,000 workers at railroads including Union Pacific (UNP.N), BNSF, CSX (CSX.O), Norfolk Southern (NSC.N) and Kansas City Southern . The rail deal included a 24% wage increase over a five-year period from 2020 through 2024 as well $1,000 lump sum payments in each of the next five years.

☆ What Cramer is watching Monday — Fed pivot, Xi consolidates, DHR and META downgrades
▼ + stars: | 2022-10-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Mizuho doesn't like it either, cuts price target to $180 from $225 ... worried about expenses. Barclays cuts price targets on almost all of the chip makers, including Nvidia (NVDA), Qualcomm (QCOM) and Skyworks (SWKS). Amazing: American Express (AXP) price target trimmed to $128 from $130 at Citi. Wells Fargo cuts to $170 from $180 but keeps buy rating. Generac (GNRC) — Wells Fargo takes this down to $175 from $285.

☆ 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.

☆ Stocks making the biggest moves midday: Snap, American Express, Verizon, Twitter and more
▼ + stars: | 2022-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Snap — Shares of the Snapchat parent company cratered 30% after missing revenue estimates and sharing its slowest sales growth since going public as advertising spending slows. The results from Snap hit other ad-reliant stocks, sending shares of Pinterest and Meta Platforms down about 7.7% and 2.6%, respectively. Twitter — The social media stock sank more than 4% Friday amid a slew of media reports surrounding Twitter and Elon Musk. American Express – Shares of American Express fell about 3.5% even after the bank reported quarterly earnings and revenue that beat analysts' expectations. Huntington Bancshares — Shares gained 8% after the bank operator topped earnings estimates for the third quarter and upped its net interest income outlook for 2022.

☆ Renewed threat of rail strike has supply chain managers ramping up contingency plans
▼ + stars: | 2022-10-20 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +3 min

Logistics managers are dusting off their plans for a possible railroad strike in November that could wreak havoc on the supply chain and cost the U.S. economy up to $2 billion a day. "Now is not the time to introduce new demands that rekindle the prospect of a railroad strike," the NCCC said in a statement. Tom Nightingale, CEO of AFS Logistics, tells CNBC that logistics managers are fielding calls from customers in anticipation of a possible strike. "Shippers had a lot of sensitivity to the potential rail strike," Nightingale said. "Shippers don't want cargo with a limited shelf life sitting at a rail yard, particularly commodities like chemicals and refrigerated food and beverage," he said.

☆ Earnings Exchange: CSX, SNAP & VZ
▼ + stars: | 2022-10-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings Exchange: CSX, SNAP & VZDavid Katz, Matrix Asset Advisors CIO, joins ‘The Exchange’ to discuss three stocks ahead of earnings: CSX, Snap Inc. and Verizon.

☆ 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.

☆ 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.

☆ U.S. railroad operators' volume woes to continue next year
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +3 min

Oct 19 (Reuters) - Volume woes at U.S. railroad operators are set to spill into next year as labor shortages continue to hurt the sector that is critical in connecting consumers with businesses and finished goods, according to analysts. The North America railroad industry has also been under scrutiny for working conditions. Railroad operators have tried to increase staffing levels, partly under pressure from U.S. regulator Surface Transportation Board, but have found it tough to recruit amid labor shortages. WALL STREET SENTIMENT** The current average analyst rating on Union Pacific shares is "buy", with 15 analysts rating it "hold", and 16 "buy" or higher. ** The current average analyst rating on Canadian National shares is "hold", with 18 rating it "hold", and six "buy" or higher.

☆ Nasdaq 100 futures fall after major averages end two-day rally
▼ + stars: | 2022-10-19 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Nasdaq 100 futures fell on Wednesday night after surging Treasury yields ended a two-day rally for the major averages. Futures linked to the Dow Jones Industrial Average dipped by 12 points, or 0.04%. S&P 500 futures declined 0.26%, while Nasdaq 100 futures fell 0.49%. During the regular session Wednesday, the major averages snapped a two-day winning streak, though all three indexes remain on track for a positive week. Investors monitored rising Treasury yields for recession signals even with a stronger-than-expected earnings season underway.

☆ It’s been 35 years since the epic Black Monday crash. What have investors learned?
▼ + stars: | 2022-10-19 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

CNN Business spoke to Jon Hirtle, a broker at Goldman Sachs in 1987, to get his recollections about Black Monday. That’s led some Wall Street veterans to derisively refer to the NYSE as nothing more than a glorified TV studio. Goldman Sachs announced Tuesday that it is merging its trading and investment banking businesses into a single unit. CEO David Solomon said that the move is a “realignment” that will allow Goldman Sachs to better serve its customers. There are growing concerns on Wall Street (and Main Street) about an economic downturn.

☆ 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.

☆ 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.

☆ 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.

☆ What Cramer is watching Thursday — September to forget and dueling Apple notes
▼ + stars: | 2022-09-29 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Credit Suisse lowers price target on Club holding Constellation Brands (STZ) to $277 per share from $292, without any real reason. Citi cautious on Alibaba (BABA), cuts price target $146 per share from $159. Credit Suisse cuts Paychex (PAYX) price target to $138 per share 150, even though they raised the estimates. Starts with a buy and a $65 per share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ What Cramer is watching Wednesday — oversold market bounce; promising Alzheimer's drug
▼ + stars: | 2022-09-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

Citi crushes the autos with price target cuts: $78 per share from $87 for General Motors (GM); $13 from $16 for Ford (F). Citi lowers its price target on Caterpillar (CAT) $180 per share from $195. Downgrades NSC to neutral from positive (hold from buy), cuts price target to $218 per share from $275. Barclays cuts price target on AMAT to $85 per share from $95, keeps equal weight (hold) rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Here are Tuesday’s biggest analyst calls: FedEx, McDonald's, Lucid and more
▼ + stars: | 2022-09-27 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Here are Tuesday's biggest calls on Wall Street. Cantor Fitzgerald initiates Lucid Group with an overweight rating The Wall Street firm said Lucid 's luxury and premium electric vehicles are more attractive than its peers. Lucid vehicles are designed to contain a luxurious interior and a compact, efficient exterior that results in more space for the passengers, thus termed the "Space Concept" by LCID. Lucid will compete in the global luxury car market, and the company's initial product, the Lucid Air, began deliveries to customers in 10/2021." Citi puts McDonald's on a 90-day negative catalyst watch The Wall Street firm put McDonald's shares on a 90-day negative catalyst watch in the face of foreign exchange headwinds and overall macroeconomic challenges.

☆ What Cramer is watching Tuesday — market extremely oversold, new signs of housing slowdown
▼ + stars: | 2022-09-27 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Counterintuitive: Raymond James says buy homebuilder Lennar (LEN), raises price target to $90 per share from $75, despite surging mortgage rates. Morgan Stanley slashes price target on FedEx (FDX) in half to $125 per share. Citi put Dow stock McDonald's (MCD) on a "negative catalyst watch" and lowers price target to $246 per share from $275. Deutsche Bank raises PepsiCo (PEP) price target to $181 per from $179; keeps hold rating ahead of third-quarter results next month. 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 premarket: Keurig Dr Pepper, CSX, Li Auto and more
▼ + stars: | 2022-09-27 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines before the bell:Keurig Dr Pepper — The consumer stock fell 1.5% premarket after Goldman Sachs downgraded the stock to neutral from a buy rating. The Wall Street firm said it sees increased risk to Keurig's margins as commodity inflation, especially related to coffee, remains elevated. The Wall Street firm said it will be hard for Norfolk and CSX to achieve the consensus 25% volume growth going forward. Amazon, Apple, Microsoft — Big Tech names Amazon, Apple, Alphabet and Microsoft all traded at least 1% higher premarket, a possible rebound from Monday's sell-off. Treasury yields retreated Tuesday morning after the multi-year highs hit in the previous session put pressure on tech names.

☆ New York is now the nation's busiest port in a historic tipping point for U.S.-bound trade
▼ + stars: | 2022-09-24 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

This comes as the flow of trade continues to move away from the West Coast with logistics managers worried about a labor strike or lockout. More East Coast trade, and more port congestionThe CNBC Supply Chain Heat Map for the U.S. shows how the continued increase in trade has East Coast ports and Gulf port as the winners in this movement of freight. Maritime prices fallingThe flow of trade away from the West Coast has decreased the demand for vessel space, leading Far East to West Coast maritime freight prices to fall. "Shippers are still bringing in a lot of containers, on the East Coast and West Coast and Gulf Coast as well." Shippers are still hesitant to return re-routed cargo to the U.S. West coast, Sand said.

☆ 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.

The White House struck a tentative deal Thursday to avoid a rail strike that risked major disruptions across the United States, with freight workers securing a key demand. Pandemic pressures, including those that scrambled supply chains, worked in freight workers’ favor, logistics experts said. A rail strike would dent many industries, as about 40% of goods that are shipped long-distance rely on the nation’s rail system. Rail workers often are on-call 24/7 year-round and are allotted time off only after being called to a number of consecutive on-call shifts. A labor union source told NBC News that getting rail carriers to negotiate on attendance policies was a major breakthrough.

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