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☆ These stocks will help investors break out of the sideways market doldrums, BMO says
▼ + stars: | 2023-05-02 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The stock market could be volatile and stay rangebound for the foreseeable future — but that doesn't mean investors should sit it out, according to BMO. The Canadian bank's year-end target of 4,300 for the S & P 500 implies just a 3.2% upside from where the broad index finished Monday. "Nonetheless, investors should remain opportunistic by employing active decision-making, in our view, as our analysis suggest that plenty of investment opportunities still exist even during range-bound market periods." He screened for stocks that have forword price-to-earnings multiples below the S & P 500 and forword earnings per share growth that's greater than the S & P 500's. The Delaware company also missed revenue expectations, reporting $3.02 billion against the $3.10 billion anticipated.

☆ Will Levis, widely expected to be picked in first round of 2023 NFL Draft, suffers awkward moments as he isn’t chosen
▼ + stars: | 2023-04-28 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

Those cutaways during the NFL Draft to hopefuls waiting for their names to be picked as other players are chosen ahead of them. Will Levis, the quarterback from Kentucky, was widely projected to be drafted in the first round, if not the top 10 selections. Levis waits in the Green Room with family at the 2023 NFL Draft. Levis waited, waited, waited and waited. But when the final pick was turned in and it Levis’ name wasn’t on that ticket, the waiting game was over.

☆ Strong US consumer spending seen driving economy in first quarter
▼ + stars: | 2023-04-27 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

According to a Reuters survey of economists, GDP growth likely increased at a 2.0% annualized rate last quarter after rising at a 2.6% pace in the fourth quarter. Estimates ranged from a growth rate of 0.4% to a 3.3% pace. DOWNSIDE RISKSome institutions cut their GDP growth estimates, with Wells Fargo slashing its forecast by a full percentage point. Still, consumer spending is expected to have grown at a pace faster than the pedestrian 1.0% rate logged in the fourth quarter. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, is expected to be driven by demand for services.

☆ The most overbought S&P 500 stocks include one fast food giant
▼ + stars: | 2023-04-15 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 rose about 0.8% this week, notching its fourth weekly advance in five weeks. However, the S & P 500's steady run of late made several stocks overbought. CNBC Pro screened for S & P 500 stocks in overbought territory, based on their relative strength index. Too oversold CNBC Pro also searched for oversold S & P 500 stocks that could be due for a bounce. Qorvo shares have lagged the S & P 500 this year, advancing just 3.2%.

☆ Justice Department to announce charges against more than 24 Mexican drug cartel members
▼ + stars: | 2023-04-14 | by ( Mirna Alsharif | ) www.cnbc.com time to read: +4 min

The Justice Department plans to announce charges against more than 24 Mexican drug cartel leaders and members, according to senior law enforcement officials. The announcement is expected on Friday morning and is part of the Drug Enforcement Administration's push to target the Sinaloa and Jalisco New Generation Cartel (CJNG) groups, the officials say. "The Sinaloa cartel and the Jalisco cartel and their affiliates control the vast majority of the fentanyl global supply chain, from manufacture to distribution," DEA Administrator Anne Milgram told Congress last month. The Sinaloa cartel "remains the most powerful" drug trafficking organization in Mexico despite the conviction of El Chapo, experts said. El Chapo's arrest also led to intensification of bloody clashes with the CJNG, which split from the Sinaloa Cartel in 2010.

WASHINGTON, April 13 (Reuters) - Photoshop maker Adobe Inc (ADBE.O) has agreed to pay $3 million to settle U.S. kickback allegations involving federal software sales, the U.S. Justice Department said in a statement on Thursday. The settlement resolves allegations that Adobe made improper payments under its Solution Partner program to companies that had a contractual or other relationship with the government that allowed them to influence federal purchases of Adobe software, the Justice Department said. Between January 2011 and December 2020, Adobe allegedly paid the companies a percentage of the purchase price of the software, according to the Justice Department. The United States contends that these payments constituted prohibited kickbacks that resulted in Adobe causing false claims for payment to be submitted to federal agencies. "We will continue to use all appropriate tools to safeguard the integrity of the federal procurement process," Boynton said.

☆ 5 things the Supreme Court will take into account in medication abortion case
▼ + stars: | 2023-04-12 | by ( Ariane De Vogue | ) edition.cnn.com time to read: +10 min

CNN —As the Supreme Court prepares for yet another controversial abortion case to come its way, the justices will pore over District Court Judge Matthew Kacsmaryk’s ruling last week to block the government’s approval of the key medication abortion drug at issue. “There are serious questions on whether the Supreme Court is willing to endorse the district’s court’s very broad approach to those questions,” he said. As he often does, Supreme Court Justice Brett Kavanaugh wrote separately last June to explain his thinking in voting to overturn Roe v. Wade. The Supreme Court might also take issue with the relief that Kacsmaryk ordered. None other than the liberals on the Supreme Court who dissented in Dobbs.

☆ Strategists are gloomy going into the start of first quarter earnings season
▼ + stars: | 2023-04-11 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

I noted last week that following a strong first quarter (S & P up over 7%), the S & P 500 almost invariably is up even more by the end of the year. For the most part, the strategist community is fairly gloomy going into first quarter earnings season and the prospects for further gains in 2023. He too noted that the S & P 500 is now "within spitting distance" of his year-end price target of 4,200 and announced Tuesday he was shifting direction. Indeed, it looks like a race to the bottom to see who can claim the mantle of "lowest estimate on the Street" for full-year 2023 earnings. 2023 earnings: the trough is Q1 Q1: $50.63 Q2: $54.13 Q3: $56.84 Q4: $58.32 Source: Refinitiv That works out to $219.83, just a tad above the $218.09 that 2022 printed.

☆ Here are all of the Republican elected officials backing Trump's 2024 campaign
▼ + stars: | 2023-04-10 | by ( Bryan Metzger | Oma Seddiq | ) www.businessinsider.com time to read: +11 min

Michael Burgess — the Texas congressman endorsed Trump in March after being named to the former president's campaign's Texas leadership team. Eli Crane — the Arizona freshman tweeted his support for Trump's 2024 bid the night of his announcement. Barry Moore — the Alabama congressman endorsed Trump in a radio interview in December, citing the former president's "experience level." 3 House Republican endorsed Trump days before his widely expected 2024 announcement in November. Roger Williams — the Texas congressman endorsed Trump in March after being named to the former president's campaign's Texas leadership team.

☆ Buy these 13 stocks now to bet on a rebound in the unfairly punished financials sector, according to BMO Capital Markets
▼ + stars: | 2023-04-07 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

But strategists at BMO Capital Markets think the selling has gone too far. And while some economists are warning that storms are still on the horizon for the sector, that gloomy sentiment is nothing more than fear-mongering, according to BMO Capital Markets. BMO Capital MarketsThat weakness opens the door for traders to get deals in the beaten-down sector, Belski wrote. BMO Capital MarketsFinancials broadly are also historically cheap by any measure compared to the market, according to BMO, even though valuations aren't as heavily discounted as they were last fall. BMO Capital MarketsAnother sign of the sector's financial health is that the growth outlooks for both dividends and earnings look rosy.

☆ How Warren Buffett's Berkshire Hathaway can navigate the looming economic turmoil
▼ + stars: | 2023-04-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

First, let's check in with Warren Buffett. Warren Buffett REUTERS/Rick Wilking1. Few people would argue with you if you said Warren Buffett is the greatest investor of all time. Fewer still would challenge anyone who claimed Berkshire Hathaway was one of the most resilient companies of all time. Is there any other company or conglomerate better poised to navigate uncertainty than Berkshire Hathaway?

☆ Stock market is going to rally in second half of 2023, says BMO's Brian Belski
▼ + stars: | 2023-04-05 | 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 EmailStock market is going to rally in second half of 2023, says BMO's Brian BelskiBMO Chief Investment Strategist Brian Belski joins 'Halftime Report' to discuss his Q2 market forecast, and why it makes sense to buy the dip in financials.

☆ BMO's chief strategist says you have to 'sift through the rubble' in the banking sector. Here are the smaller names he likes
▼ + stars: | 2023-04-05 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

First Citizens BancShares and Glacier Bancorp are smart smaller bank stocks to own as investors re-examine the pummeled financial sector, according to Brian Belski, chief investment strategist at BMO Harris. "Unfortunately, you have to kind of sift through the rubble to find ... the best names," he said on CNBC's " Halftime Report ." That's despite the fact that small- and mid-size banks will likely see massive consolidation more broadly, Belski added. Three out of the five analysts with ratings on First Citizens say the stock is worth buying, according to Refinitiv. But after its recent drop, the average analyst expects the stock to rally almost 25% in the next year.

☆ Watch CNBC's full interview with BMO's Brian Belski on his second-quarter playbook
▼ + stars: | 2023-04-05 | 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 BMO's Brian Belski on his second-quarter playbookBMO Chief Investment Strategist Brian Belski joins 'Halftime Report' to discuss his Q2 market forecast, and why it makes sense to buy the dip in financials.

☆ A 15-foot statue of a spoon disappeared from outside a Dairy Queen in Arizona and its owners have no idea where it's gone
▼ + stars: | 2023-03-30 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

A 15-foot red spoon statue vanished from a Dairy Queen in Phoenix just three weeks after it opened. The store's owner told Fox Business its manager called the police after being unable to spot the statue. Dairy Queen told Fox Business that the giant red spoons only adorn the exterior of restaurants built or renovated in recent years. Dairy Queen restaurants built or renovated in recent years feature giant red spoons on their exterior. Dairy QueenKalra said that he and his wife owned 34 Dairy Queen stores, but only two had spoon statues outside – and this figure has now been reduced to one.

☆ BlackRock Communications Specialists Exit As Fink Scrutiny Mounts
▼ + stars: | 2023-03-29 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +7 min

At least nine people have left or are transitioning out of BlackRock's communications group. The corporate communications team has some 90 employees globally, up from 48 in 2019, a BlackRock spokesperson said. "We're fortunate the BlackRock communications team includes some of the most talented professionals in the industry and that we have continued to attract top talent as the team has grown in recent years," Badenhausen said in a statement to Insider. Jonathan Posen, a veteran speechwriter who worked as former Treasury Secretary Tim Geithner's chief writer on the financial crisis and other economic matters, joined BlackRock's communications group in 2013. The criticism reached new heights in 2022 as Republican state officials coordinated attacks on Fink and BlackRock and some pulled their investments.

☆ BMO: Buy these 20 stocks to profit from a simple 2-part investing strategy that's consistently outperformed during volatile markets — like the one we're in right now
▼ + stars: | 2023-03-21 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Mutual fund managers are beating the market this year at the highest rate in a decade. Active fund managers are currently having their best year of relative performance in a decade, according to BMO Capital Markets. Since 1990, that strategy has consistently outperformed the S&P 500 — regardless of what's happened in the broader market, or with volatility. BMO Capital Markets20 stocks to buy nowInvestors can follow the two-part strategy BMO laid out by buying 20 outperform-rated stocks in the S&P 500 that are classified as either GARP or dividend growth stocks. Below are BMO's 20 stock picks for GARP or dividend growth, along with each company's ticker, market capitalization, and group.

☆ A 5,000-mile blanket of seaweed that can be seen from space threatens the beaches of Florida
▼ + stars: | 2023-03-15 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +3 min

This year's seaweed bloom of 'Great Atlantic Sargassum Belt' is one of the largest on record. It is the largest seaweed bloom in the world — weighing approximately 20 million tons — and is visible from outer space. "It's incredible," Brian LaPointe, a research professor at Florida Atlantic University's Harbor Branch Oceanographic Institute, told NBC News. Workers who were hired by residents remove sargassum seaweed from the Bay of Soliman, north of Tulum, Quintana Roo state, Mexico, Wednesday, Aug. 3, 2022. "I think I've replaced my climate change anxiety with sargassum anxiety," Patricia Estridge, CEO of Seaweed Generation, told The Guardian.

☆ These financials ETFs are getting slammed, but some new entries next week could help
▼ + stars: | 2023-03-15 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Financials ETFs are getting hit hard by fear that the collapses of Silicon Valley Bank and Signature Bank will ripple throughout the banking system. According to a March 2 summary of the changes from BMO strategist Brian Belski, the biggest names moving to the financials industry are Visa , Mastercard and PayPal . The changes will filter through to many passive sector funds that track indexes, particularly those that use indexes from MSCI and S & P Dow Jones. While the collapse of Silicon Valley Bank has rattled the entire equity market, the payments stocks have held up much better than the financials sector funds. Mastercard, Visa and PayPal all have buy ratings from the majority of Wall Street analysts, according to Refinitiv.

☆ Buy these 52 top stocks now before a multi-year market recovery begins, according to BMO Capital Markets
▼ + stars: | 2023-03-15 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

The days of low interest rates that allowed growth stocks to take off are over, according to BMO. A three-year stretch of chaos in markets will soon end, according to BMO Capital Markets. Stocks have swung from feverish highs to crushing lows since the pandemic as interest rates rose from rock-bottom levels to historically high. 52 top stocks to buy nowIn the report, dozens of BMO analysts listed 52 of their favorite stocks across nine market sectors to buy this quarter. Below are the top investing ideas from BMO, along with each company's ticker, market capitalization, sector, price target, and thesis.

☆ Deutsche Bank says Charles Schwab liquidity risks are overblown, sticks with buy rating
▼ + stars: | 2023-03-14 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The liquidity risk fears around Charles Schwab are overblown, according to Deutsche Bank. Charles Schwab shares were hard-hit by the selloff of financial firms' stocks following the SVB failure. Atlantic Equities analyst Josh Heagerty reiterated the minimal liquidity risk for Charles Schwab and the likely downward target to earnings. Charles Schwab shares were up 9.2% before the bell on Tuesday, after falling 11.5% during the previous trading session. SCHW 5D mountain Charles Schwab shares plunged following the failure of SVB —CNBC's Michael Bloom contributed to this report.

☆ A 5,000-mile blanket of seaweed that can be seen from space is threatens the beaches of Florida
▼ + stars: | 2023-03-12 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +3 min

☆ Analysts see a buying opportunity in this financial stock in particular amid SVB-fueled sell-off
▼ + stars: | 2023-03-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Financial services stocks took a spill as SVB Financial Group's distress cued a sell-off in banks, but investors should use the decline to snap up shares of Charles Schwab on the cheap. Charles Schwab shares dipped more than 7% on Friday morning, following a nearly 13% decline during Thursday's trading session. SCHW 5D mountain Significant decline in Charles Schwab shares following SVB Financial's announcement The significant drop in financial services stocks has been fueled by a massive sell-off of tech-focused bank SVB Financial's shares. However, several analysts believe that such fears are overblown and remain bullish on Charles Schwab, saying that the current decline presents a promising entry point into Schwab's shares. UBS has a buy rating on Charles Schwab shares.

☆ Slower, but still solid US job growth expected in February
▼ + stars: | 2023-03-10 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The Labor Department's closely watched employment report on Friday is also expected to show wage gains maintaining their upward trend, underscoring a persistently tight jobs market. Estimates for February payrolls growth ranged from as low as 78,000 to as high as 325,000. "This would indicate the anticipated normalization in the labor market is taking longer than expected," said Jan Groen, chief U.S. macro strategist at TD Securities in New York. There's locational and skills mismatches, which basically means the labor market is not functioning efficiently," said Brian Bethune, an economics professor at Boston College. The Fed has to be careful about how they interpret what's going on in the labor market."

☆ Financials are the value play in the market, buy the weakness, says BMO's Brian Belski
▼ + stars: | 2023-03-09 | 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 EmailFinancials are the value play in the market, buy the weakness, says BMO's Brian BelskiBrian Belski, BMO chief investment strategist, joins the 'Halftime Report' to discuss trends in financials and his sector outlook. The Investment Committee also weighs in.

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