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Search resuls for: "Mike Wilson"


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☆ Jim Cramer's top 10 things to watch in the market Monday: FANG-obsession over; crazy earnings, Fed, jobs week
  + stars: | 2023-01-30 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
Susquehanna raises price target on Advanced Micro Devices (AMD) to $88 per share from $80; keeps positive rating on the Club stock. Baird increases price target on Starbucks (SBUX) to $110 per share from $94; keeps hold rating. Deutsche Bank cut price target by $3 per share to $84. HSBC raises price target on oilfield services company Halliburton (HAL) to $57 per share from nearly $44; keeps buy rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ Recession 2023: Jerome Powell's Legacy Will Dictate Inflation, Stock Market, Economy
  + stars: | 2023-01-30 | by ( William Edwards | ) www.businessinsider.com   time to read: +15 min
This obsession with controlling inflation — and potentially causing serious pain for average Americans — is driven by one major factor: legacy. High inflation eats away at consumers' purchasing power, and persistent inflation seeps into expectations for price and wage adjustments, which further fuel inflation. What's more, the full impact of the Fed's rate hikes have yet to hit. Legacy actsThere are signs that certain Fed officials are ready to dial back on the inflation fight. And navigating such a tricky economy — without throwing hundreds of thousands of Americans out of work — could cement Powell's legacy.
☆ A notorious market bear who called the dot-com bubble warns that stocks will face losses rivaling 1929, 2000, and 2007 as high valuations and poor investor sentiment create a "trap door" scenario
  + stars: | 2023-01-28 | by ( William Edwards | ) www.businessinsider.com   time to read: +7 min
There are two major driving forces of stock-market returns, according to John Hussman: valuations and investor sentiment. "Put simply, we estimate that the S&P 500 faces the same prospect of full-cycle loss and return-free risk as it did in 1929, 2000, and 2007. The S&P 500, in its current form since 1957, fell more than 46% from 2000-2002 and more than 52% from 2007-2009. Hussman FundsAs for investors sentiment — or what Hussman calls "market internals" — he uses a proprietary measure of the uniformity of investor behavior. Predicted in April 2007 that the S&P 500 could lose 40%, then it lost 55% in the subsequent collapse from 2007 to 2009.
☆ The stock market is underestimating sticky cost inflation that's eating away at company profits, says Morgan Stanley's Mike Wilson
  + stars: | 2023-01-25 | by ( Zahra Tayeb | ) www.businessinsider.com   time to read: +2 min
The market is in worse shape now as sticky inflation is eating into company profits, says Morgan Stanley's Mike Wilson. "We think the market is in worse shape," Wilson said in a CNBC interview on Tuesday. Sticky inflation is a problem several market commentators have flagged despite the Federal Reserve's aggressive efforts to cool it down. "We think the market is in worse shape because equity risk premium is lower today, which means the market is not worried about risk. Wilson's bearish view of the market feeds into his stock market outlook.
☆ US stocks drop as gloomy earnings reports from Big Tech and others roll in
  + stars: | 2023-01-25 | by ( Carla Mozée | ) www.businessinsider.com   time to read: +2 min
US stocks fell Wednesday as investors assess more earnings reports from Corporate America. Microsoft cut revenue guidance and Boeing posted a quarterly loss. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Boeing fell after the aircraft maker posted a more than $600 million loss for the fourth quarter, hurt by supply chain challenges. Big Tech shares will remain in focus with Tesla's fourth-quarter results due after Wednesday's closing bell.
☆ Disney’s Bob Iger and Salesforce’s Marc Benioff are the latest high-profile execs to come under pressure from activist investors
  + stars: | 2023-01-24 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +5 min
Billionaire activist investors are putting pressure on top CEOs who were previously thought to be untouchable. Leaders of beloved brand names are coming under fire — and Marc Benioff of Salesforce and Disneys' Bob Iger are the two latest execs to feel the heat, as my colleague Matthew Fox writes. That means activist investors, moguls they may be, still face an uphill battle in winning over shareholders and management teams. What's your take on this burgeoning wave of activist investors? US stock futures fall early Tuesday, as investors brace for the next wave of high-profile earnings and despite growing hopes for a mild recession.
☆ Inflation is coming down, but costs are sticky, says Morgan Stanley's Mike WIlson
  + stars: | 2023-01-24 | 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 EmailInflation is coming down, but costs are sticky, says Morgan Stanley's Mike WIlsonMike Wilson, Morgan Stanley CIO, joins 'Closing Bell: Overtime' to offer his bearish call for market downside this year.
☆ Apple and others to benefit from China's reopening, Morgan Stanley says
  + stars: | 2023-01-24 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +2 min
But Wilson said that investors may still benefit from Beijing's reopening by choosing stocks and industry groups with high revenue exposure to China. Here are three of Morgan Stanley's China reopening stock picks: Apple China accounts for approximate 20% of Apple 's revenue and a staggering 95% of its production. "While a reopening and initial spread of Covid infections could cause near-term disruption, we ultimately believe a relaxing of restrictions should be a positive for production," Wilson wrote. Branded Apparel & Footwear coverage from a broad China reopening," Wilson said. Las Vegas Sands has seen visitation drop more than 80% from pre-Covid levels due to travel restrictions, according to Morgan Stanley.
☆ 'Bear markets end with outright disgust': Top investor Peter Boockvar warns that a third leg of the sell-off is coming as investors remain too optimistic about corporate earnings and a Fed pivot
  + stars: | 2023-01-21 | by ( William Edwards | ) www.businessinsider.com   time to read: +5 min
But as the Fed has continued to ratchet up interest rates, good economic news has again become good news to the market. But market participants shouldn't be too optimistic that a true bottom to the bear market is in, according to Peter Boockvar. "The third phase of the bear market is everyone throws in the towel, and no one wants to own a stock again," he told Wealthion. Bear markets end with outright disgust." Goldman Sach's David Kostin, who is more bullish than Wilson in the near-term, assuming a recession doesn't play out, also thinks earnings expectations are too high.
☆ Cramer sees bullish signs starting to emerge in the stock market, just not in the same places as before
  + stars: | 2023-01-16 | by ( Jim Cramer | ) www.cnbc.com   time to read: +9 min
Case in point: Mike Wilson, the genius of 2022, the strategist who was the most negative — and, therefore, the most right. Seven days ago, he predicted the bank earnings, the kick-off, would jolt the market by coming in sharply below expectations. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
☆ 'The market is built on a bedrock of total complacency': A former top TD Ameritrade technical analyst says stocks will fall another 20% this year as investors begin to realize a Fed pivot isn't in the
  + stars: | 2023-01-14 | by ( William Edwards | ) www.businessinsider.com   time to read: +4 min
He also thinks earnings expectations are too high and will come down. This hawkish policy will eventually lead to a recession this year, Bierman said, a view that is shared by many on Wall Street. "The market has not priced in earnings misses, the market has priced in earnings beats," he said. Bierman's views in contextBierman's recession call has become a somewhat consensus view on Wall Street. RIA AdvisorsThis translates to lackluster expectations for stocks among Wall Street strategists.
☆ From the Shanghai upgrade to U.S. regulation: Watch these 5 events to see where crypto markets are heading in 2023
  + stars: | 2023-01-11 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +7 min
Unlike in previous crypto winters, however, macro forces outside the crypto industry are the biggest drivers of the market. The Shanghai upgrade Ethereum developers are gearing up for the network's next big upgrade, the "Shanghai" upgrade, which has a target release of March 2023. "The problem right now is if you stake ether into the network, your ether will be locked until the Shanghai upgrade," Lau said. "There will be more liquidity of ether after the Shanghai upgrade," he added. Gox but the expected distribution of the bitcoin recovered from the exchange's 2014 implosion could be a near-term headwind for bitcoin investors.
☆ Earnings season will likely expose worrisome 'disconnect' in market, Morgan Stanley's Mike Wilson predicts
  + stars: | 2023-01-10 | 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 EmailEarnings season will likely expose worrisome 'disconnect' in market, Morgan Stanley's Mike Wilson predictsMike Wilson, Morgan Stanley chief U.S. equity strategist & chief investment officer, on what to expect from the markets in 2023. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.
☆ Watch CNBC's full interview with Mike Wilson of Morgan Stanley
  + stars: | 2023-01-10 | 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 EmailWatch CNBC's full interview with Mike Wilson of Morgan StanleyMike Wilson, Morgan Stanley chief U.S. equity strategist & chief investment officer, on what to expect from the markets in 2023. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.
☆ Winter of 'disconnect': Morgan Stanley's Mike Wilson braces for more than 20% stock drop
  + stars: | 2023-01-10 | by ( Stephanie Landsman | ) www.cnbc.com   time to read: +2 min
Morgan Stanley's Mike Wilson is telling investors to brace for a winter downdraft. He warns S&P 500 is vulnerable to a 23% drop — bringing it to 3,000. Wilson expects earnings season, which kicks off with financials on Friday, will jolt the market by coming in sharply below expectations. "When we actually talk to people, they talk a bearish game about the first half. But they're not really either positioned for it or they don't really think that it's going to be that bad," said Wilson, who has been defensively positioned since last year.
☆ Investors may be surprised how low the S&P 500 could go in a recession, Morgan Stanley's Mike Wilson says
  + stars: | 2023-01-09 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +3 min
The S & P 500 may have quite a bit further to fall this year, especially if the U.S. is pushed into a recession, according to Morgan Stanley. What Wilson sees in stocks in 2023 Wilson has a few reasons to again go against the grain. He sees the equity risk premium of the S & P 500 – currently around 2.33% –too low given the earnings risk forecast. "Our base case forecast for 2023 S & P 500 EPS is $195 while our bear case forecast (a recession) is $180," he said. "This compares to the bottoms up consensus forecast of $230, which nearly every client agrees is too high."
☆ Jim Cramer's top 8 things to watch in the market Monday: Stocks up, guidance trims, possible job cuts coming
  + stars: | 2023-01-09 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
U.S stock futures rise after the Dow Jones Industrial Average , the S & P 500 and the Nasdaq finished the first trading week of the new year higher. Barclay's cuts price target on Club name Constellation Brands (STZ) to $278 per share from $288; 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
☆ A 33-year market vet shares why history shows stocks will likely fall more than 20% further before bottoming as a recession barrels toward the US economy
  + stars: | 2023-01-07 | by ( William Edwards | ) www.businessinsider.com   time to read: +5 min
But Lebowitz thinks there's a much greater chance that a recession occurs, forcing the Fed to back off. And then there's the inverted yield curve, which has preceded every recession since the 1960s. RIA AdvisorsIt's also not a good environment for stocks because yield curve inversions have usually meant large downward earnings revisions, which haven't happened yet. RIA AdvisorsAnother look at history, Lebowitz said, shows that a recession has to be already underway before stocks can bottom out. The yield curve, Chicago PMI, and other analyses argue it's a matter of when but if a recession occurs.
☆ Morgan Stanley just revamped a 9-stock list that's beaten the S&P 500 by 18% over time. Here's what's on it — and how much further each one has to run.
  + stars: | 2023-01-01 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +2 min
Attention has shifted from interest rates and inflation to earnings growth and a looming recession. The Federal Reserve's moment of glory as the center of attention for market may have already passed. In 2008, the central bank was slashing interest rates rather than raising them. Morgan Stanley has revamped its fresh-money buy list, which contains nine names it sees outperforming next year. Over time, the firm's ever-changing group of elite stocks has outperformed the becnhmark S&P 500 by 18%.
☆ A 30-year investing vet who called the latest bear market warns that stocks have another 41% downside with US economy already in recession and the Fed continuing to ratchet up rates
  + stars: | 2022-12-31 | by ( William Edwards | ) www.businessinsider.com   time to read: +7 min
Jon Wolfenbarger thinks the US economy is already in recession. With growth slowing and the Fed still tightening, Wolfenbarger thinks stocks are due for big losses. The S&P 500 is already down around 20% year-to-date. All of that spells further trouble ahead for stocks, Wolfenbarger said, despite the fact that the S&P 500 has already fallen about 20% in 2022. In a recessionary scenario, Goldman Sachs' David Kostin said the S&P 500 could fall to 3,150, though that is not his base case.
☆ Here's what to expect from stocks and the economy in 2023, according to Goldman Sachs, JPMorgan, and 9 other top Wall Street firms
  + stars: | 2022-12-27 | by ( James Faris | ) www.businessinsider.com   time to read: +1 min
Here are 11 top investment firms' views on what's next for stocks and the economy in 2023. Even Wall Street's biggest bears didn't predict how disastrous 2022 would be for stocks and the economy. Heading into this year, the lowest S&P 500 price target among top investment firms was 4,400, which was set by long-time bear Mike Wilson of Morgan Stanley. The firms had 2023 year-end S&P 500 price outlooks ranging from 4,500 (an 18% gain from the current level of about 3,800) to as low as 3,400 (a nearly 11% loss). Below is the S&P 500 forecast, stock market outlook, and economic outlook from each of these major Wall Street firms, ranked from highest S&P 500 price target to lowest.
☆ A notorious market bear who called the dot-com bubble warns stocks are still as overvalued as they were in 1929 and 2000, setting up the S&P 500 for a 'far deeper retreat' and a decade of negative ret
  + stars: | 2022-12-24 | by ( William Edwards | ) www.businessinsider.com   time to read: +5 min
John Hussman expects a "far deeper retreat" in stocks, despite the S&P 500's 20% loss in 2022. The 20% loss the S&P 500 has suffered this year has most investors searching for a bottom. "Though recent market losses have removed the most extreme speculative froth, our most reliable valuation measures remain near their 1929 and 2000 extremes." He also said he expects -6% returns over the next 10-12 years for the S&P 500. The chart below shows actual market returns (vertical axis) over 12 years when considering market capitalization of non-financial stock-to-gross value added valuations.
☆ Here's why Wall Street is warning the Fed blew it on inflation and it won't save the stock market from crashing
  + stars: | 2022-12-24 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +7 min
The Fed blew it on inflation stocks are going to have to suffer as a result. The central bank has no choice now but to keep hiking until inflation is down, experts have said. Here are five top voices in markets warning investors not to pin their hopes on a Fed put to save stocks. El-Erian has been a loud critic of the Fed's response to inflation this year, slamming central bankers for saying inflation was "transitory" in 2021. That's the cost of the Fed being late to the game, and the central bank can't back away from its monetary tightening now, El-Erian warned.
☆ Top Wall Street strategists see another roller-coaster year ahead with minimal returns for stocks
  + stars: | 2022-12-22 | by ( Yun Li | ) www.cnbc.com   time to read: +3 min
A brutal year for stocks has made Wall Street strategists cautious about what's ahead as most are forecasting a similarly bumpy 2023 with minimal returns. The S & P 500 could tumble more than 16% from Wednesday's close to 3,250 before a strong rally to end 2023 higher. He sees the S & P 500 dropping 20% to the 3,000-3,300 level by the first quarter of next year. The firm noted that S & P 500 companies' third-quarter reports showed margins contracted year over year for the first time since the pandemic. If the economy goes into a recession, Goldman said, the S & P 500 would decline to 3,150.
☆ The S&P 500 is likely to bottom out early next year in a 'terrific buying opportunity' for investors, Morgan Stanley says
  + stars: | 2022-12-21 | by ( Zahra Tayeb | ) www.businessinsider.com   time to read: +3 min
Morgan Stanley's Mike Wilson expects the benchmark S&P 500 will bottom out next year. That presents stock investors with a "terrific buying opportunity," the investment chief told CNBC. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. The S&P 500 slipped into bear market territory in June, as the Federal Reserve slammed the brakes on the US economy with aggressive interest rate hikes. Wilson said earnings expectations for next year are 20% too high, but suggested that volatility, rather than a hit to stock prices, is in focus for Morgan Stanley.
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