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☆ New hope China may soften on Covid boosts our stocks most tied to world's No. 2 economy
▼ + stars: | 2022-11-04 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

After all, Chinese officials have not announced an official transition away from their very strict Covid policy. Nevertheless, the moves in certain stocks tied to China — including many owned by the Club — show the market is taking the vaccine policy change in stride. The cosmetics giant has a big China business and just a few days ago it cut its sales guidance partly due to China's Covid policy. The price move provided some support for oil stocks in Friday's volatile stock market. It's not immediately clear when expatriates in China could actually start getting a shot of the BioNTech-Pfizer Covid vaccine.

☆ China says must resolve stability issues in Hong Kong and Macau
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Nov 2 (Reuters) - China should "resolutely deal with" and "rectify" whatever is needed to resolve any long-term stability issues in Hong Kong and Macau, a senior official said, according to a 20th Communist Party Congress party supplementary document reading published in October. "We should seize the major issues related to the long-term stability of Hong Kong and Macao, we should resolutely deal with whatever needs dealing, we should resolutely rectify what must be rectified and resolutely establish whichever rules are necessary," wrote Xia Baolong, director of China's Hong Kong and Macau affairs office, according to the document, which local media published excerpts of on Wednesday. Reporting by Martin Quin Pollard and Beijing Newsroom; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ Macao's latest Covid lockdown is one step forward, two steps back, analyst says
▼ + stars: | 2022-11-01 | 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 EmailIt's one step forward, two steps back for Macao: ConsultancyBen Lee of IGamiX discusses Macao's recent move to reimpose Covid-19 curbs, and discusses Genting's business prospects in Macao.

☆ China residents will be able to travel to Macao using e-visa starting Nov. 1
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: +1 min

This photograph taken on October 20, 2022 shows a view of the Cotai Strip in Macau. China's immigration bureau said mainland residents will be able to travel to Macao from Nov. 1 using an online visa system rather than in-person applications, a move that could increase travel to the world's largest gambling hub. In-person applications have been required for the past two and a half years due to Covid-19 restrictions. Authorities locked down the MGM Cotai casino resort owned by MGM China on Sunday with staff and guests ordered to stay inside until Nov 1. All of Macao's 700,000 residents are mandated to take rapid antigen tests daily during the period, the government said.

☆ What Cramer is watching Monday — October's stock pop, tech reign over, China's zero Covid
▼ + stars: | 2022-10-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding Wynn Resorts (WYNN) jumps 5% in the premarket after a 4.5% pop Friday. UBS downgrades Caterpillar (CAT) to neutral (hold) from buy; cuts price target by $5-per-share to $230, which is silly. Outback Steakhouse owner Bloomin' Brands (BLMN): two price target boosts, Citi and Barclays. Barclays: LyondellBasell (LYB) downgraded to equal weight from overweight (hold from buy), cut price target to $82 per share from $95. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stock market continues to sizzle this month
▼ + stars: | 2022-10-24 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +2 min

New York CNN Business —October may be famous for historically horrifying stock market crashes like the ones in 1929, 1987 and 2008. Stocks enjoyed another solid rally Monday, continuing a hot streak for the markets this month. The S&P and Nasdaq are each still down more than 20% in 2022, though, which means they are in a bear market. American companies with significant exposure to the Chinese market were also hit hard and sat out the broader market rally. Brands (YUM) was down 2% while Yum China (YUMC), which franchises the KFC, Pizza Hut and Taco Bell brands in China, plunged 14%.

☆ This man says he lost all his savings gambling online in China, where players visit 'mirror' websites that change URLs daily and fake 'friends' recruit gamblers in chat groups
▼ + stars: | 2022-10-22 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +7 min

Gambling is illegal in most parts of China, apart from the state-owned national lotteries, and recognised gambling sites are blocked from Chinese users. It is one of many gambling companies that have mirror sites. Experts told Insider mirror websites are a "common" practice by betting companies in countries that don't allow gambling. A virtual armyHuang said it was easy to find a link to a new mirror gambling site once an old one has been blocked: his friends sent him the URL. They make friends with people and claim that they have won money gambling, and encourage other users to visit mirror sites.

Monthly debt market data shows foreign investors have been net sellers for seven straight months to August as what had been a lucrative yield premium in China vanished as U.S. interest rates soared. GIMME SHELTERAmid foreign investors' exodus, there are signs of locals following as fast as allowable under capital controls that were tightened after the previous season of heavy outflows in 2016. Moving money is also very difficult as COVID-19 curbs on travel add another layer to capital controls. Data from consultancy Education International Cooperation showed a 41.5% jump in queries about study in Hong Kong between January and July, compared with the same period a year earlier. They expect a rush to Hong Kong products when the border between Hong Kong and the mainland reopens.

☆ Asian economies may have to brace for rising debt and capital flight, IMF warns
▼ + stars: | 2022-10-13 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +4 min

watch nowAsia's biggest economic challenges will be rising debt and capital flight as interest rates continue to rise, the International Monetary Fund has warned. The warnings come as the IMF trimmed its global growth predictions in its latest economic outlook this week and warned the new year would feel like a recession for many parts of the world. "Debt has gone up in Asia," IMF Deputy Director of Asia and Pacific Department Anne-Marie Gulde told CNBC's "Squawk Box Asia" on Wednesday. "First, private sector debt has gone up since the global financial crisis but afterwards since Covid, public sector debt has gone up. The crisis in the U.K stemmed from rising yields and plunging bond prices, which sparked collateral calls for pension funds to cover their LDI-related derivatives.

☆ Here are Thursday's biggest analyst calls of the day: Apple, Meta, Biogen, Amazon, Netflix & more
▼ + stars: | 2022-10-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS reiterates Apple as buy UBS said Apple's iPhone Pro and Pro Max demand remains "solid." Bank of America names Northrop Grumman and Rocket Lab top picks Bank of America said it likes Northrop's defensiveness. Bank of America reiterates Microsoft as buy Bank of America said it still sees a solid risk/reward outlook for Microsoft. Cowen reiterates Amazon as outperform Cowen said that its recent survey shows Amazon is still the preferred place for shopping. Stifel upgrades Biogen to buy from hold Stifel said in its upgrade of Biogen that concerns about the company's Alzheimer's drug, lecanemab, are overdone.

☆ Resorts World makes bid for a New York City casino
▼ + stars: | 2022-10-11 | 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 EmailResorts World makes bid for a New York City casinoBob DeSalvio, president of Genting New York State, talks about Resort World's bid for a New York and Macao gaming license.

☆ Men charged in stock fraud case involving a small-town NJ deli are set to appear in federal court
▼ + stars: | 2022-10-11 | by ( Jack Stebbins | ) www.cnbc.com time to read: +4 min

Federal prosecutors have described the case as a tale of international fraud and betrayal. Peter Coker Jr., 53, the son of Coker Sr., is based in Hong Kong and is considered at large. Federal authorities sought to jail Coker Sr. before agreeing to a conditional release. The men are charged with conspiracy to commit securities fraud, securities fraud and conspiracy to manipulate securities prices. The peculiarities surrounding Your Hometown Deli first caught the eye of hedge-fund manager David Einhorn in 2021.

☆ This week's best performers include a health care stock analysts expect will go up 35%
▼ + stars: | 2022-09-30 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

However, analysts see little upside from current levels, with the average analyst price target implying a gain of only 1.4%. Analysts in general are bullish on the stock, with the average price target implying upside of 35.7%. Analysts expect the stock to go up 34%, though only a third of analysts rate it a buy, FactSet data shows. Marathon has buy ratings from 75% of analysts covering them, with the average price target implying upside of about 24%. About 61% of analysts rate the stock a buy, but the average price target implies upside of just 5.1%.

☆ As Cantonese language wanes, efforts grow to preserve it
▼ + stars: | 2022-09-28 | by ( Associated Press | ) www.nbcnews.com time to read: +7 min

Or worse, the Cantonese language and culture won’t survive another generation. Ceci Pang, a former kindergarten teacher, runs classes for children at Rainbow Seeds Cantonese school in London. Some turn to social media for advice and camaraderie — a Facebook group called “Cantonese Parents” has thousands of members sharing tips on everything from Cantonese books to YouTube videos. After more than 20 years, the school opted not to renew her contract, which effectively eliminated the Cantonese language program. Aleyda Poe has been overseeing the Cantonese kindergarten at Merit Chinese School in Plano, Texas, for over a decade.

We're initiating a position in Estee Lauder (EL), buying 75 shares at roughly $224.37 each. After not chasing Tuesday's higher open on Wall Street, we're putting some cash to work in the afternoon in a Club Bullpen stock that we have owned in the Trust in the past. We are calling up Estee Lauder from our Bullpen watch list. When the pandemic hit and department stores temporarily closed their doors, Estee Lauder pivoted quickly and built out direct-to-consumer channels like e-commerce. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Top 5 and bottom 5 Club stocks between the S&P 500's old June low and Monday's new one
▼ + stars: | 2022-09-27 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +15 min

Walmart (WMT) and Chevron (CVX) were in the Trust on June 16, but we exited those stocks Aug. 1 and Sept. 7 , respectively. On the other hand, Starbucks (SBUX) and off-price retailer TJX Companies (TJX) entered the portfolio Aug. 22 and Aug. 24 , respectively. Top performers Leading the way was Wynn Resorts (WYNN) , gaining 22.6% between the old June low and Monday. Advanced Micro Devices (AMD) was next , falling 19.20% between the old June low and Monday's new one. Pioneer Natural Resources (PXD) saw the fifth-largest decline among portfolio stocks, declining 14.94% between the old June low and Monday.

☆ What the Club is watching Monday — yields and dollar way up, stocks down, we want to buy
▼ + stars: | 2022-09-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

So, after a period of aggressive selling, the Club wants to buy stocks back now. Citi raises its price target on Club holding Wynn Resorts (WYNN) to $91 per share from $87.50. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Stocks making the biggest moves midday: Wynn Resorts, Planet Fitness, AMC, Lyft and more
▼ + stars: | 2022-09-26 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

An exterior view shows Encore Las Vegas (L) and Wynn Las Vegas as the coronavirus continues to spread across the United States on March 15, 2020 in Las Vegas, Nevada. Las Vegas Sands, Wynn Resorts — Shares of the casino operators both soared about 11% after Macao announced its plan to allow Chinese tour groups back in the casinos as soon as November. Chegg — Shares of the educational tech company jumped more than 6% after Needham upgraded the company to a buy rating from hold. Planet Fitness - The gym stock jumped 2% after Raymond James upgraded Planet Fitness to strong buy from market perform. Lyft – Shares of the ride hailing company fell about 3% after UBS downgraded the stock to neutral from a buy.

☆ Jefferies upgrades Las Vegas Sands and Wynn Resorts as stocks soar on Macao reopening
▼ + stars: | 2022-09-26 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Jefferies on Monday upgraded Las Vegas Sands and Wynn Resorts after Macao announced its plan to allow Chinese tour groups back in the casinos as soon as November. "The moment we've been waiting for," Jefferies analysts led by David Katz said in a note to clients Monday. Shares of Wynn Resorts rallied 14% Monday, while Las Vegas Sands also soared a similar amount. Jefferies also lifted the price target for Las Vegas Sands to $50 from $40, Wynn to $75 from $62. Still, the analysts raised the question about the concession renewal process following the reopening.

☆ 3 takeaways from our daily meeting: Market stabilization, putting cash to work, Macao reopening
▼ + stars: | 2022-09-26 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The market has a chance to stabilize Putting money to work in the oversold market China loosens some Covid rules 1. Putting money to work in the oversold market Following Friday's sell-off, the S & P Oscillator showed the market to be at its most oversold level since mid-June. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Wall Street backs Club holding Wynn Resorts as Macao tours from China get ready to reopen
▼ + stars: | 2022-09-26 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Club holding Wynn Resorts (WYNN) was among them, jumping more than 12%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. People use their smartphones to take photographs outside The Wynn Macau casino resort, operated by Wynn Resorts Ltd., in Macao, China, on Tuesday, Jan. 30, 2018.

☆ Stocks making the biggest moves premarket: Planet Fitness, PG&E, Las Vegas Sands and more
▼ + stars: | 2022-09-26 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines before the bell:Planet Fitness — Shares of the gym franchise jumped nearly 3% in premarket trading after Raymond James upgraded the stock to strong buy from market perform. The Wall Street firm said the company has a resilient and recession-resistant business with no interest rate risk and very little near-term debtmaturities. PG&E — The utility stock climbed more than 5% premarket after S&P Dow Jones Indices on Friday said PG&E will replace Citrix Systems in the S&P 500, effective prior to the opening of trading on Monday, October 3. Lyft — Shares of the ride-hailing company fell nearly 4% premarket after UBS downgraded the stock to neutral from buy. The Wall Street firm cited its driver survey that indicates drivers prefer Uber and Lyft is not their main app.

☆ Airlines add flights to Hong Kong but the aviation hub won't be back to normal anytime soon
▼ + stars: | 2022-09-26 | by ( Michelle Toh | Cnn Business | ) edition.cnn.com time to read: +6 min

Hong Kong (CNN Business) International airlines are scrambling to add more flights to Hong Kong as the city ends two and a half years of quarantine measures , leading to a surge in demand for travel. This will absolutely increase the demand for travel to and from Hong Kong," Christoph Meyer, Lufthansa's general manager of sales for Hong Kong, Macao and South China, said in a statement. International Air Transport Association Director General Willie Walsh said last week that China's zero-Covid policy had "devastated" Hong Kong. Friday's news puts Hong Kong back on "the right track," said Dr. Kam Hung Ng, assistant professor of aviation engineering at the Hong Kong Polytechnic University. He told CNN Business that Hong Kong still had advantages that could allow its aviation industry to recover to pre-pandemic levels, "or even more."

☆ Hong Kong Covid: Airlines race to add flights to the city, reviving hopes for its recovery as an aviation hub
▼ + stars: | 2022-09-26 | by ( Michelle Toh | ) edition.cnn.com time to read: +6 min

Hong Kong CNN Business —International airlines are scrambling to add more flights to Hong Kong as the city ends two and a half years of quarantine measures, leading to a surge in demand for travel. “As Hong Kong’s home airline, we are fully committed to rebuilding the connectivity of the Hong Kong aviation hub,” it said in a statement. This will absolutely increase the demand for travel to and from Hong Kong,” Christoph Meyer, Lufthansa’s general manager of sales for Hong Kong, Macao and South China, said in a statement. International Air Transport Association Director General Willie Walsh said last week that China’s zero-Covid policy had “devastated” Hong Kong. Friday’s news puts Hong Kong back on “the right track,” said Dr. Kam Hung Ng, assistant professor of aviation engineering at the Hong Kong Polytechnic University.

☆ FedEx inflamed recession fears. These are our least economically sensitive stocks
▼ + stars: | 2022-09-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +12 min

FedEx hasn't exactly been a perfect company in recent years, and Subramaniam acknowledged to Jim that FedEx needs to get its own house in order. However, the traditional recession playbook involves selling energy stocks due to fears of demand collapsing. Mixed bag The stocks discussed here have a mixture of economically resilient and sensitive characteristics to them, such as Microsoft (MSFT) and Apple (AAPL). (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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