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☆ Stocks making the biggest moves midday: Chevron, Tesla, Seagate Technology, United Rentals and more
▼ + stars: | 2023-01-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Analysts called for earnings of 10 cents per share on $1.83 billion in revenue, according to Refinitiv. Though United Rentals missed analysts' expectations for per-share earnings, it was in-line with Wall Street's forecasts for revenue, per FactSet. The company forecasted 2023 revenue to range between $13.7 billion and $14.2 billion, surpassing analysts' estimates, according to FactSet. Sherwin-Williams earned an adjusted $1.89 per share last quarter, topping estimates by 2 cents, according to Refinitiv. Tractor Supply's EPS came in at $2.43 versus analysts' estimate of $2.35 per share, according to Refinitiv.

☆ We agree with Wells Fargo that Wynn is set for a comeback as gamblers return to Macao
▼ + stars: | 2023-01-26 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Wells Fargo on Thursday raised its earnings estimates for Club holding Wynn Resorts ' (WYNN) operations in Macao, China, while increasing its price target on the casino operator. Wells Fargo increased its price target on Wynn to $125 per-share from $101 and reiterated an overweight, or buy, rating on the stock. "Looking ahead, LVS management envisions a premium mass led recovery, which should support rapid recovery at Wynn," the Wells Fargo analysts wrote. The Club take We agree with Wells Fargo that the recovery of China's gambling market is a major catalyst for Wynn Resorts, a core pillar of our investment thesis. Moreover, upbeat commentary from Las Vegas Sands' CEO represents a positive read-through into Wynn's operations in Macao.

☆ UBS says some stocks have upside to Q4 earnings as reports ramp up
▼ + stars: | 2023-01-19 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Though UBS has warned stocks in the S & P 500 are poised for a tough earnings season, it still sees some that could positively surprise Wall Street. To get more granular, Parker expects 14 of 20 industries to see fourth-quarter earnings decline on a year-over-year basis. Despite the pessimistic sentiment for the broader market, Parker found 32 stocks that the firm thinks could have positive earnings surprises. Mastercard, which shed just over 3% in 2022 but has gained more than 5% since the start of the new year, reports earnings Jan. 26. Visa, which is also up just over 5% this year after shedding 4% in 2022, reports a day later.

☆ Macao gambling promoter Alvin Chau sentenced to 18 years - public broadcaster
▼ + stars: | 2023-01-18 | by ( Philip Wang | ) edition.cnn.com time to read: +1 min

CNN —Alvin Chau, one of Macao’s high-profile gambling promoters, has been sentenced to 18 years in prison for racketeering and illegal gambling activities, the city’s public broadcaster TDM reported Wednesday. Chau, 48, was the former chairman of Suncity Group, a Macao-based company that helped promote gambling by lending credit to high rollers. Macao is the only region in China where gambling in casinos is legal. Chau was ordered by the court to pay the Macao government more than HK$6.5 billion ($830 million), the broadcaster reported, as well as $22.7 mlliion to $98 million to a number of casino operators. After his arrest, experts said that the move signaled a tougher stance on gambling in Macao by the Beijing authorities.

☆ 8 stocks that have reclaimed their long-term bullish trend
▼ + stars: | 2023-01-18 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The 200-day moving average calculates the average price of the index over the last roughly 40 weeks. The S & P 500 ended Friday at 3,999.09 points, above the 200-day average of 3,981.22. On Monday, the S & P 500 broke a four-day winning streak , slipping 0.2% to 3,990.97, but it remained above that key point. About two out of every three S & P 500 stocks are individually above their respective 200-day moving averages, according O'Hara. All numbers are current through Friday's close: Airlines Alaska and Delta are both trading around 10% above their 200-day moving average.

Bangkok/Hong Kong CNN —For years, Thailand welcomed legions of Chinese tourists to its golden beaches, shopping districts and striking temples. Three government ministers headed to Bangkok’s international airport earlier this week to personally greet the first group of Chinese tourists to arrive after China lifted travel restrictions. Amazing Thailand always warmly welcomes our Chinese family.”Travelers from a Xiamen Airlines flight being welcomed by Thai officials upon arrival at Suvarnabhumi Airport in Bangkok on Jan. 9, 2023. “The arrival of tourists from China, as well as from countries around the world, to Thailand is expected to increase continually. In Thailand, that’s been no exception, with travel companies beginning to reactivate Chinese social marketing campaigns and increase staffing, according to Barnett.

☆ China’s local governments set 2023 growth targets, offering clues on economic recovery
▼ + stars: | 2023-01-12 | by ( Laura He | ) edition.cnn.com time to read: +4 min

The meetings will culminate in the national parliamentary session to be held in March, in which the premier is expected to disclose the nation’s GDP growth target. So far, a group of government economists and international analysts have said they expect Beijing to set a growth target of above 5% in 2023. On Thursday, Zhejiang province, another major economic powerhouse, announced it’s targeting an expansion of more than 5% in 2023. On Wednesday, Shanghai, the most affluent city in mainland China, announced it would aim for 5.5% growth this year. On the same day, Fujian, Sichuan and Hebei provinces all disclosed growth targets of 6% for 2023.

☆ Hong Kong businesses cheer China reopening, but warn there’s a long way to go
▼ + stars: | 2023-01-12 | by ( Michelle Toh | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Kiki Yang brought an empty green suitcase from Shenzhen to Hong Kong this week to load up on new purchases for her family and friends. On Sunday, residents of Hong Kong and mainland China were permitted to resume two-way, quarantine-free travel after three years, albeit in limited numbers. Sa Sa, which counts Hong Kong and Macao combined as its top market, has seen sales roughly halve since 2019. The move is the latest effort by Hong Kong to rebuild its status as a global business hub. Currently, as part of a gradual reopening, Hong Kong has a quota of 60,000 visitor arrivals from mainland China each day.

"We had such a hard time, and I would rather have more Chinese people come than the government restricting their entry so I can do business." "Tour bus operators who have had their vehicles idly parked for over three years are now gearing up for (bus) inspections," said Thai Tour Bus Association President Wasuchet Sophonsatien. Thailand, Japan, the United States, South Korea, Australia, Macao, Singapore, Hong Kong and Taiwan were the most-searched destinations. Yue Hua Entertainment Korea, which manages Tempest, did not respond to a request for comment. "The pandemic outbreak on the mainland is still vigorous and needs time to recover, while domestic consumption remains weak on the mainland."

☆ Mainland Chinese citizens are eager to travel — for the West's mRNA Covid vaccines
▼ + stars: | 2023-01-10 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Passengers prepare to enter Shenzhen through the Lok Ma Chau Spur Line Control Point on the first day of the resumption of normal travel between Hong Kong and mainland China on Jan. 8, 2023 in Hong Kong. Analysts expect that the list of destinations for vaccine tourism will grow. 'Natural first destination': Hong Kong"I believe that the natural first destination of the Chinese vaccine tourism is Hong Kong. "It's been long since I went to Hong Kong. But Hong Kong won't provide free Covid vaccinations to short-term travelers.

☆ With new China travel restriction in place, Asian Americans urge nuanced caution
▼ + stars: | 2023-01-09 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +5 min

Following the Biden administration’s implementation of a new Covid-19-related travel requirement for passengers flying in from China, Asian American advocates and experts are urging caution and nuance amid years of heightened anti-Asian violence. Several Asian American organizations and leaders have expressed concern over the requirement of a pre-departure negative Covid test from those flying in from the country. “What I would ask everyone to do is, again, be careful not to conflate the virus with an ethnicity or a group of people,” said John C. Yang, president and executive director of Asian Americans Advancing Justice | AAJC. But some groups like Stop AAPI Hate, a nonprofit that tracks incidents of hate and discrimination against Asian Americans and Pacific Islanders, strongly opposed the policy. The group pointed to previous travel restrictions under the Trump administration in January 2020 that coincided with a rise in hate incidents against the racial group.

☆ Goldman basket of U.S. stocks linked to China is starting to beat the market — Here's what's in it
▼ + stars: | 2023-01-09 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"Recent easing of China's zero-Covid policy represents one upside risk to S & P 500 profits via stronger 2023 global growth," David Kostin, Goldman's head of U.S. equity strategy, said in a note to clients. Since the start of the fourth quarter, a basket of stocks with high China sales exposure has outperformed stocks with high domestic sales exposure by eight percentage points, Kostin said. Still, Goldman cautioned that a faster-than-expected exit from the zero-Covid policy nonetheless suggests weaker near-term growth as the infection rate dramatically increases. For investors wanting to capitalize on the rebound, here are the U.S. stocks with the highest percentage of revenue tied to China, according to Goldman. U.S. companies with a major China footprint include iPhone maker Apple , which has rallied more than 2% year to date.

☆ Jim Cramer's top 10 things to watch in the market Friday: Goldilocks jobs, mega-caps, Costco
▼ + stars: | 2023-01-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Mega cap stock abandonment: Lots of hedge funds surprised Club holding Apple (AAPL) didn't go higher after it didn't preannounce. Club holding Costco (COST) says net sales of $23.8 billion for December rose 7% year over year. Guggenheim raises price target on Club holding Starbucks (SBUX) to $103 per share from $92; keeps hold-equivalent rating. Wells Fargo says the negativity is too great when it comes to PVH Corp (PVH) but raises price target and stock rating to a buy-equivalent. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ More non-gamblers have been visiting Macao, consultancy says
▼ + stars: | 2023-01-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMore non-gamblers have been visiting Macao, consultancy saysBen Lee of says the demographic of visitors from mainland China to Macao has changed "drastically," and there are now more young families, young couples and young groups of women.

☆ JPMorgan's top picks for 2023, including two stocks coming off their worst performances in decades
▼ + stars: | 2023-01-04 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

JPMorgan analysts warned Wednesday that there could be further downward pressure on the market in 2023 before a recovery is felt. The firm has a $130 price target, implying the stock will gain 51.5% from Tuesday's close. JPMorgan set a price target of $201, which shows a potential upside of 32.5% over Tuesday's close. JPMorgan set a price target of $84.17, which implies the stock should gain 51.7% in the next 12 months. JPMorgan's $55 price target reflects an 11.5% upside.

☆ Stocks making the biggest moves midday: Wynn Resorts, Microsoft, Honeywell, Salesforce and more
▼ + stars: | 2023-01-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018. Check out the companies making the biggest moves midday:Wynn Resorts — The casino operator's stock jumped nearly 7%, building on its solid start to 2023. Salesforce — Shares of the cloud-based software company jumped more than 3% after Salesforce announced that it is cutting 10% of its personnel and reducing some office space as part of a restructuring plan. Celanese — The global chemical and specialty materials company jumped more than 6% after being upgraded by RBC Capital Markets to outperform from sector perform. The firm cited the solar company stock's "steep drop from the initial euphoria created by the Inflation Reduction Act."

☆ Wells Fargo issues some top tactical investing ideas for the first quarter
▼ + stars: | 2023-01-04 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

As the first quarter of 2023 kicks off, Wells Fargo has its eye on what it calls stocks that offer tactical trading opportunities. Wells Fargo analyst Daniel Politzer upgraded Wynn to overweight from equal weight on Monday . Merck also made the Wells Fargo list, with the firm setting a price target of $125. And Wells Fargo has a $50 price target for Dynatrace , which implies 30% over Tuesday's close. Wells Fargo believes the software company has the "only enterprise-grade cloud platform capable of supporting modern workloads in a hybrid environment."

☆ As investors shift focus from inflation to growth, Club stocks with China exposure stand to gain
▼ + stars: | 2023-01-03 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

As we kick off 2023, Wall Street appears to be shifting its focus from inflation to growth. Investors apparently believe the Federal Reserve has inflation under control after dramatically raising interest rates throughout last year. But the deepening U.S. economic slowdown comes just as China has moved to abandon its zero-Covid policy and reopen its economy after 3 years. As a result, Club stocks with exposure to China are seeing a boost, with the potential for their share prices, along with overall company growth, to accelerate in the coming months. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: Wages too high, China reopening
▼ + stars: | 2023-01-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Barclays raises price target on Club holding Eli Lily (LLY) by $5-per-share to $400. UBS downgrades PG & E (PCG) to neutral from buy, with a $17-per-share price target; just above where the stock closed Friday. Barclays raises Exxon Mobil (XOM) price target to $129 per share from $111; keeps overweight (buy) rating. 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.

☆ Wells Fargo upgrades Wynn Resorts, says China reopening will help casino stock
▼ + stars: | 2023-01-03 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Wynn Resorts should rally as China moves closer to a full reopening, according to Wells Fargo. Wells Fargo analyst Daniel Politzer upgraded the stock to overweight from equal weight. "We have long held the view that Macau's recovery remains the key driver of WYNN's stock," Politzer said in a note to clients Monday. "For the first time in several years, we see better days ahead as China is pivoting from its COVID-zero strategy and easing travel restrictions." Politzer said rising Covid cases or reinstated travel restrictions could also threaten growth.

☆ Canada to impose mandatory COVID tests for travelers from China
▼ + stars: | 2022-12-31 | by ( ) www.reuters.com time to read: +1 min

Dec 31 (Reuters) - Canada on Saturday said it will require travelers on Canadian-bound flights departing China to test negative for COVID-19. ET on Thursday, apply to all travelers two years of age and older arriving on flights in Canada originating from the People's Republic of China, Hong Kong or Macao. Travelers will be required to provide evidence of a negative COVID-19 test result, taken no more than two days before departure, to the airline prior to boarding. South Korea, Spain and France on Friday joined a growing list of countries, including the United States and India, that have imposed COVID tests for travelers from China. Reporting by David Shepardson; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

☆ These stocks were our best and worst performers in the fourth quarter
▼ + stars: | 2022-12-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

What made the fourth quarter stand out from the first three of the year? Here's a snapshot of the best and worst performers in the Investing Club's 33-stock portfolio for the fourth quarter, starting with our top 4 performers. Worst performers Turning to what didn't work in the fourth quarter, the worst performer for the club was Amazon (AMZN), which fell 27.6% in the quarter. Revenues declined year-over-year for the second quarter in a row, but that was mostly anticipated by the market. The fourth worst performer was Walt Disney (DIS), which fell 10.8% in the quarter It all unraveled for Disney after it reported a much weaker-than-expected fiscal fourth quarter in November.

☆ Here's where Covid rules for visitors from China are changing
▼ + stars: | 2022-12-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Vernon Yuen | Nurphoto | Getty ImagesBEIJING — Some countries announced new Covid testing requirements for visitors from China after the mainland said it would finally relax border controls. Covid-19 infections surged this month in mainland China, but there is limited data available publicly. Those who test positive will need to quarantine at a designated facility, the ministry said. The new rules also apply to people who visited mainland China within the seven days prior to arrival in Japan, the health ministry said. The rules do not apply to flights from Hong Kong or Macao.

☆ 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.

☆ U.S. weighs new measures for travelers from China as Japan says it will require negative Covid tests
▼ + stars: | 2022-12-28 | by ( Jihye Lee | ) www.cnbc.com time to read: +1 min

For more than two years, overseas travelers have had to quarantine upon arrival in China because of Covid restrictions. The U.S. government is considering imposing new Covid rules for travelers from China, officials said, citing concerns over virus-related data released by the Chinese government. The officials pointed to Japan's recent measures which require a negative Covid test for travelers arriving from mainland China from Dec. 30 – as China faces a sharp surge in infections nationwide following an abrupt reopening. Travelers from China without a valid vaccination certificate will also be required to take a pre-departure test, the notice from Japan's health ministry added. The measures will not apply to those traveling from Hong Kong and Macao, according to the notice.

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