These are the four biggest misconceptions about investing in ETFs, says behavioral finance pro

But there are a few simple rules investors can follow to avoid getting caught in anxiety-fueled drops or becoming the weak-handed sellers themselves, says Dan Egan, Betterment’s managing director of behavioral finance and investing. Here are the four main tips he shared with CNBC’s “ETF Edge” on Monday about managing your instincts and using behavioral investing to your advantage. “There’s the School of Hard Knocks [and] there’s the School of Hard Stocks.” That point is especially important when


But there are a few simple rules investors can follow to avoid getting caught in anxiety-fueled drops or becoming the weak-handed sellers themselves, says Dan Egan, Betterment’s managing director of behavioral finance and investing.
Here are the four main tips he shared with CNBC’s “ETF Edge” on Monday about managing your instincts and using behavioral investing to your advantage.
“There’s the School of Hard Knocks [and] there’s the School of Hard Stocks.”
That point is especially important when
These are the four biggest misconceptions about investing in ETFs, says behavioral finance pro Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-20  Authors: lizzy gurdus
Keywords: news, cnbc, companies, investors, youve, theres, let, misconceptions, finance, pro, behavioral, hard, etfs, biggest, school, fund, egan, best, investing


These are the four biggest misconceptions about investing in ETFs, says behavioral finance pro

It’s not easy to keep your emotions out of investing. Those that follow Wall Street’s daily moves may often hear stock market commentators use terms like “weak hands” and “shaken out” to refer to investors who can’t bear the pain of sell-offs or times of higher-than-usual volatility. Those buyers aren’t exactly few in number. The group, made up largely of individuals, has the power to meaningfully exacerbate moments of weakness, making broad-market declines worse than feared or multiplying the effects of certain stocks’ swings. But there are a few simple rules investors can follow to avoid getting caught in anxiety-fueled drops or becoming the weak-handed sellers themselves, says Dan Egan, Betterment’s managing director of behavioral finance and investing. Here are the four main tips he shared with CNBC’s “ETF Edge” on Monday about managing your instincts and using behavioral investing to your advantage.

“If your brother-in-law is talking to you about it over Thanksgiving, you might want to watch out for it.”

One of Egan’s biggest tips for investors is to watch out for themes. The rise of internet culture has sped up the widespread adoption of fads like cannabis investing, making it difficult for people to fully vet thematic trends before deciding to buy in, he said. “If your brother-in-law is talking to you about it over Thanksgiving, you might want to watch out for it,” Egan said in the Monday interview. “The ability to go to market with a new ETF based upon a theme has dropped. The asset base that you need in order to launch that fund has gone down, too. So, we’re seeing quicker uptake on whatever the latest fad is.” To determine if something is a viral trend, Egan asks himself a few questions: “How quickly did the underlying asset price come up? How much are people talking about it on social media? … How fast is this going to spread?” The most important question, though, is “has it performed well recently?” Egan said. “If no and it’s still growing, that’s interesting. If yes, then it’s more likely to be speculative.”

“Maybe it’s time for me to do a little bit of house-cleaning.”

Egan’s second investing rule? You don’t need 50 ETFs. “One of the things I like about New Year’s is it gives you that fresh start where you can say, ‘Maybe it’s time for me to do a little bit of house-cleaning,'” he said. “I’ve done this: you accumulate holdings over the years. Here was this thing that was the best choice maybe 10 years ago, and … the big names, over time, sometimes aren’t the best bet for you.” One of the most common reasons investors are reluctant to sell out of their long-term positions has to do with taxation, Egan said. “One very common bias, especially in taxable accounts, is that people don’t want to realize the taxable gains and pay the tax,” he said. “In a weird way, they’ll end up paying more over the life of a fund if it’s charging an extra 20, 30 or 40 [basis point]s than if they just sold out of it and went to something cheaper.” In short, “pulling the Band-Aid off” and cutting your portfolio down to a manageable number of holdings can actually improve performance, Egan said.

“There’s the School of Hard Knocks [and] there’s the School of Hard Stocks.”

Despite the monster gains funds like the S&P-tracking SPDR S&P 500 ETF Trust (SPY) have accrued over the years, Egan has also found that the biggest aren’t necessarily the best. “You can get the exact same exposure as SPY for one-third of the cost with VOO,” the Vanguard S&P 500 ETF, Egan said. “There’s a lot of big names — EFA [iShares’ Europe-focused fund], EEM [iShares’ emerging-markets fund] — that are funds that have been around. They’re very liquid. They’re very large,” he said. “They’re usually used by large institutional investors because of that liquidity. They can count on it in order to trade it. But that doesn’t mean it’s necessarily good for a long-term, buy-and-hold investor.” That point is especially important when it comes to teaching kids about investing, the behavioral expert said. Often times, parents purchase the largest, most successful and most liquid funds for their kids, but Egan prefers to let the younger generations make their own mistakes. “There’s the School of Hard Knocks [and] there’s the School of Hard Stocks,” he joked. “You’ve got to throw them in there with a little bit of a guardrail on. You’ve got to give them the money; you’ve got to let them make the mistakes.” In other words, “the best way to learn is to actually take your hits,” he said. “You’ve got to learn that you’re not the best investor ever and the best thing for you to do is dedicate your time somewhere else. So, give them money. Let them invest. Let them learn their own way.”

“I’m not going to … be able to bench-press 250 pounds today, but if I come in and I do my reps, I’ll get there.”


Company: cnbc, Activity: cnbc, Date: 2020-01-20  Authors: lizzy gurdus
Keywords: news, cnbc, companies, investors, youve, theres, let, misconceptions, finance, pro, behavioral, hard, etfs, biggest, school, fund, egan, best, investing


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‘Where do we put our money?’ is biggest issue for the Davos crowd, top fund manager says

Finding a place to invest capital is the biggest problem for wealthy investors and fund managers attending the World Economic Forum (WEF) in Davos this week, according to one prominent U.K. finance player. On Monday, the International Monetary Fund forecast a global growth rate of 2.9% for 2019 and of 3.3% for 2020 — trimming previous estimates. “The biggest problem that the people I meet here have — the investors who give money to us — is ‘where do we put our money?’ “So they are buying infrast


Finding a place to invest capital is the biggest problem for wealthy investors and fund managers attending the World Economic Forum (WEF) in Davos this week, according to one prominent U.K. finance player.
On Monday, the International Monetary Fund forecast a global growth rate of 2.9% for 2019 and of 3.3% for 2020 — trimming previous estimates.
“The biggest problem that the people I meet here have — the investors who give money to us — is ‘where do we put our money?’
“So they are buying infrast
‘Where do we put our money?’ is biggest issue for the Davos crowd, top fund manager says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-20  Authors: david reid
Keywords: news, cnbc, companies, money, investors, growth, capital, issue, fund, biggest, world, manager, crowd, davos, standard, asset, markets


'Where do we put our money?' is biggest issue for the Davos crowd, top fund manager says

Finding a place to invest capital is the biggest problem for wealthy investors and fund managers attending the World Economic Forum (WEF) in Davos this week, according to one prominent U.K. finance player.

The investment world has been beset by sluggish growth and ultra-low interest rates. Bond yields have dipped while many feel the strongest gains in equities have already been made. On Monday, the International Monetary Fund forecast a global growth rate of 2.9% for 2019 and of 3.3% for 2020 — trimming previous estimates.

Martin Gilbert, the outgoing vice chair of British investment company Standard Life Aberdeen, told CNBC’s Steve Sedgwick Monday that despite growth concerns, markets look stable. He said that for large investors, deciding where to allocate capital is now the primary concern.

“The biggest problem that the people I meet here have — the investors who give money to us — is ‘where do we put our money?’ And that is the big issue they all have,” claimed Gilbert.

He said the only asset class he was “slightly worried about” in terms of lofty valuations were government bonds. Property, stocks and high-yield credit all looked “reasonable,” he said.

The current trend for large funds and high-net worth investors, said Gilbert, was to move out of public markets and into private markets, with a global capital swing of about 5% already underway.

“So they are buying infrastructure — be it real estate, student accommodation, airports — all of these asset classes are where the money is going,” said the top fund manager.

After many decades with Aberdeen Asset Management, Gilbert’s last big project was to help fulfill the firm’s merger with Standard Life in 2018. He is now to step down from his role and assume a new position at U.K. financial technology company Revolut.

Gilbert said his passion was growth companies but forecast that a tipping point would only come for the “neobanks” and “fintechs” once people felt safe to pay their regular salary into the firm’s account.


Company: cnbc, Activity: cnbc, Date: 2020-01-20  Authors: david reid
Keywords: news, cnbc, companies, money, investors, growth, capital, issue, fund, biggest, world, manager, crowd, davos, standard, asset, markets


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Here are Friday’s biggest analyst calls of the day: Apple, Amazon, Netflix, Pinterest & more

Apple CEO Tim Cook speaks during an announcement of new products at the Apple Worldwide Developers Conference Monday, June 4, 2018, in San Jose, Calif. Here are the biggest calls on Wall Street on Friday:UBS said in its downgrade that Twitter’s ongoing investments into safety, security, and advertising technology could be an earnings headwind for 2020. “As we enter 2020, we see TWTR at a bit of a crossroads – we con’t to hear from ad industry contacts that 2020 should be a year where TWTR’s plat


Apple CEO Tim Cook speaks during an announcement of new products at the Apple Worldwide Developers Conference Monday, June 4, 2018, in San Jose, Calif.
Here are the biggest calls on Wall Street on Friday:UBS said in its downgrade that Twitter’s ongoing investments into safety, security, and advertising technology could be an earnings headwind for 2020.
“As we enter 2020, we see TWTR at a bit of a crossroads – we con’t to hear from ad industry contacts that 2020 should be a year where TWTR’s plat
Here are Friday’s biggest analyst calls of the day: Apple, Amazon, Netflix, Pinterest & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: michael bloom
Keywords: news, cnbc, companies, day, tim, calls, analyst, twtr, worldwide, investments, pinterest, fridays, biggest, 2020, wall, twitters, amazon, twtrs, apple, netflix


Here are Friday's biggest analyst calls of the day: Apple, Amazon, Netflix, Pinterest & more

Apple CEO Tim Cook speaks during an announcement of new products at the Apple Worldwide Developers Conference Monday, June 4, 2018, in San Jose, Calif.

Here are the biggest calls on Wall Street on Friday:

UBS said in its downgrade that Twitter’s ongoing investments into safety, security, and advertising technology could be an earnings headwind for 2020.

“As we enter 2020, we see TWTR at a bit of a crossroads – we con’t to hear from ad industry contacts that 2020 should be a year where TWTR’s platform is set to capitalize on large scale global events (Olympics, European football championship & US election) but exiting from its ‘buggy’ summer we think TWTR mgmt also is likely to persist with investments around safety/security and ad tech stack.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: michael bloom
Keywords: news, cnbc, companies, day, tim, calls, analyst, twtr, worldwide, investments, pinterest, fridays, biggest, 2020, wall, twitters, amazon, twtrs, apple, netflix


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Stocks making the biggest moves premarket: Twitter, Pinterest, Alibaba, Gap, CSX & more

Regions Financial (RF) – The bank reported quarterly profit of 38 cents per share, a penny a share below estimates. Schlumberger (SLB) – The oilfield services company came in 2 cents a share above estimates, with quarterly earnings of 39 cents per share. CSX (CSX) – CSX reported quarterly earnings of 99 cents per share, 3 cents a share above estimates. Progress Software (PRGS) – The business software company reported quarterly earnings of 79 cents per share, beating forecasts by 4 cents a share.


Regions Financial (RF) – The bank reported quarterly profit of 38 cents per share, a penny a share below estimates.
Schlumberger (SLB) – The oilfield services company came in 2 cents a share above estimates, with quarterly earnings of 39 cents per share.
CSX (CSX) – CSX reported quarterly earnings of 99 cents per share, 3 cents a share above estimates.
Progress Software (PRGS) – The business software company reported quarterly earnings of 79 cents per share, beating forecasts by 4 cents a share.
Stocks making the biggest moves premarket: Twitter, Pinterest, Alibaba, Gap, CSX & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: peter schacknow
Keywords: news, cnbc, companies, revenue, making, share, estimates, quarterly, pinterest, biggest, alibaba, quarter, reported, twitter, company, earnings, moves, billion, stocks, gap, cents, csx, premarket


Stocks making the biggest moves premarket: Twitter, Pinterest, Alibaba, Gap, CSX & more

Check out the companies making headlines before the bell:

Twitter (TWTR) – Twitter was downgraded to “neutral” from “buy” at UBS, which said that Twitter’s ongoing investments into safety, security, and ad technology will act as an earnings headwind for 2020.

Pinterest (PINS) – Wells Fargo raised its rating on the stock to “overweight” from “equal weight,” noting material underperformance in the shares despite solid fundamentals and audience engagement.

Regions Financial (RF) – The bank reported quarterly profit of 38 cents per share, a penny a share below estimates. Revenue beat forecasts. Among the negative factors in the quarter: a 4.1% drop in net interest income, although total revenue was up 3%.

Alibaba (BABA) – Shares of Ant Financial – an affiliate of the China-based e-commerce giant – are being offered privately at levels that value Ant at $200 billion, according to a Reuters report. Ant was valued at $150 billion during a 2018 fundraising round.

Tailored Brands (TLRD) – The specialty retailer is selling its Joseph Abboud clothing brand trademarks to brand management firm WHP Global for $115 million. Tailored Brands – the parent of the Jos. A. Bank and Men’s Wearhouse clothing chains – entered into a licensing agreement with WHP to sell and rent Joseph Abboud branded apparel.

Schlumberger (SLB) – The oilfield services company came in 2 cents a share above estimates, with quarterly earnings of 39 cents per share. Revenue also topped estimates. The company noted challenging market conditions but was able to benefit from strength in international markets.

Gap (GPS) – The apparel retailer abandoned its plan to spin off its Old Navy unit into a separate publicly traded company. Sales for the Old Navy business have slowed in recent months, casting some doubts on its value as a separate entity.

CSX (CSX) – CSX reported quarterly earnings of 99 cents per share, 3 cents a share above estimates. The railroad operator’s revenue was very slightly below forecasts. CSX reported a larger-than-expected 7% drop in freight volume during the quarter and is expecting another challenging year in 2020, even as it implements significant improvements in efficiency.

Eli Lilly (LLY) – Lilly is aiming for $1 billion to $5 billion in acquisition deals during every quarter this year, according to Chief Financial Officer John Smiley. He told Reuters the drugmaker will focus on earlier stage opportunities in key areas like oncology, immunology, and neurology.

Alphabet (GOOGL) – Alphabet remains on watch after the Google parent’s market value topped $1 trillion for the first time Thursday.

Comcast (CMCSA) – The NBCUniversal and CNBC parent unveiled details of its Peacock streaming service, with plans to offer a free option as well as $5 per month and $10 per month plans. The service will debut in April for Comcast customers and in July for others.

Progress Software (PRGS) – The business software company reported quarterly earnings of 79 cents per share, beating forecasts by 4 cents a share. Revenue also beat estimates and the company gave a better-than-expected forecast for the current quarter and the full year.

Ventas (VTR) – Ventas was upgraded to “buy” from “hold” at Jefferies, which points to the health-care REIT’s valuation compared to competitors like Welltower (WELL) and Healthpeak (PEAK).


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: peter schacknow
Keywords: news, cnbc, companies, revenue, making, share, estimates, quarterly, pinterest, biggest, alibaba, quarter, reported, twitter, company, earnings, moves, billion, stocks, gap, cents, csx, premarket


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Stocks making the biggest moves midday: Alphabet, Boeing, Dave & Buster’s, Snap & more

Dave & Buster’s Entertainment — Shares of Dave & Buster’s Entertainment skyrocketed more than 10% after KKR disclosed a 10.7% position in the restaurant chain. Snap — Shares of Snap rose more than 4% after UBS upgraded the social media company to buy from neutral. The firm raised its 2020 full-year EPS and revenue estimates based on market share gains and the beginning of the 5G upgrade cycle. State Street – State Street stock surged 4.6% on better-than-expected quarterly results. Comcast — Shar


Dave & Buster’s Entertainment — Shares of Dave & Buster’s Entertainment skyrocketed more than 10% after KKR disclosed a 10.7% position in the restaurant chain.
Snap — Shares of Snap rose more than 4% after UBS upgraded the social media company to buy from neutral.
The firm raised its 2020 full-year EPS and revenue estimates based on market share gains and the beginning of the 5G upgrade cycle.
State Street – State Street stock surged 4.6% on better-than-expected quarterly results.
Comcast — Shar
Stocks making the biggest moves midday: Alphabet, Boeing, Dave & Buster’s, Snap & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: michael sheetz
Keywords: news, cnbc, companies, earnings, comcast, stocks, making, dave, alphabet, stock, company, shares, estimates, revenue, share, snap, midday, boeing, billion, busters, moves, biggest, street


Stocks making the biggest moves midday: Alphabet, Boeing, Dave & Buster's, Snap & more

Check out the companies making headlines in midday trading on Friday:

Alphabet – The Google-parent’s stock rose nearly 1% after UBS increased its price target, saying shares will climb more than 15% this year. The firm’s optimistic outlook came a day after a day after Alphabet became the latest U.S. company to reach a market capitalization of over $1 trillion.

Boeing — Shares of the aerospace giant fell almost 1% after Bank of America said it expects Boeing to absorb a $20 billion total cost for its 737 Max crisis. The company will report full-year and fourth-quarter earnings on Jan. 29, when analysts expect Boeing will announce additional charges related to the troubled aircraft.

Dave & Buster’s Entertainment — Shares of Dave & Buster’s Entertainment skyrocketed more than 10% after KKR disclosed a 10.7% position in the restaurant chain. Raymond James believes there is a leveraged buyout scenario for Dave & Buster’s, saying a takeout valuation in the mid-$50s could be supported. The stock trades around $46 Friday.

Snap — Shares of Snap rose more than 4% after UBS upgraded the social media company to buy from neutral. The bank said it expects positive momentum for ad revenue and user growth in 2020.

Qualcomm — Shares of the semiconductor company gained more than 3% after Citi upgraded the stock to a buy rating. The firm raised its 2020 full-year EPS and revenue estimates based on market share gains and the beginning of the 5G upgrade cycle. Citi also raised its target on the stock to $108, which is 13% higher than where it currently trades.

State Street – State Street stock surged 4.6% on better-than-expected quarterly results. The financial company reported earnings of $1.98 per share on revenue of $3.05 billion, while analysts expected earnings of $1.69 per share on revenue of $2.92 billion, according to Refinitiv. Expenses fell 9% to $2.27 billion, reflecting the impact of lower re-positioning charges.

United Natural Foods — Shares of the wholesale grocer plunged more than 10% following a downgrade to underweight by Wells Fargo. The firm said United Natural Foods operates within a “structurally challenged industry” as competition increases and the customer base shrinks.

J.B. Hunt Transport — Shares slid more than 4% after the company missed EPS estimates for the fourth quarter. The company reported earnings per share of $1.35, while Wall Street had been looking for $1.50, according to estimates from FactSet. Revenue came in at $2.45 billion, which was in line with estimates.

Comcast — Shares of Comcast jumped more than 1% after the company released details about its new streaming service Peacock. The service will launch on April 15 for Comcast subscribers and on July 15 nationally. There will be a free, ad-supported option as well two pricing options. The stock’s rise brought Comcast to an all-time high on Friday.

Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: michael sheetz
Keywords: news, cnbc, companies, earnings, comcast, stocks, making, dave, alphabet, stock, company, shares, estimates, revenue, share, snap, midday, boeing, billion, busters, moves, biggest, street


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Stocks making the biggest moves premarket: Morgan Stanley, Southwest, Tesla, Netflix & more

Southwest Airlines (LUV) – Southwest took Boeing’s (BA) grounded 737 Max jet off its flight schedule through June 6. XPO Logistics (XPO) – XPO is considering a sale of the company or a spin-off of one or more business units. Tesla (TSLA) – Tesla saw vehicle registrations in California cut nearly in half during the fourth quarter of 2019 compared to a year earlier. Netflix (NFLX) – Netflix is collaborating with Ben & Jerry’s on a new ice cream flavor called “Netflix & Chilll’d.” PPG Industries (P


Southwest Airlines (LUV) – Southwest took Boeing’s (BA) grounded 737 Max jet off its flight schedule through June 6.
XPO Logistics (XPO) – XPO is considering a sale of the company or a spin-off of one or more business units.
Tesla (TSLA) – Tesla saw vehicle registrations in California cut nearly in half during the fourth quarter of 2019 compared to a year earlier.
Netflix (NFLX) – Netflix is collaborating with Ben & Jerry’s on a new ice cream flavor called “Netflix & Chilll’d.”
PPG Industries (P
Stocks making the biggest moves premarket: Morgan Stanley, Southwest, Tesla, Netflix & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: peter schacknow
Keywords: news, cnbc, companies, revenue, netflix, premarket, making, moves, tesla, fourth, southwest, stanley, morgan, xpo, recent, company, vaporfly, vehicle, share, cents, decline, biggest, stocks


Stocks making the biggest moves premarket: Morgan Stanley, Southwest, Tesla, Netflix & more

Check out the companies making headlines before the bell:

Morgan Stanley (MS) – The investment bank reported quarterly earnings of $1.30 per share, beating the consensus estimate of 99 cents a share. The $1.30 including a 10 cent discrete tax benefit. Revenue was well above Wall Street forecasts, with firmwide revenue exceeding $10 billion for the fourth consecutive quarter.

Southwest Airlines (LUV) – Southwest took Boeing’s (BA) grounded 737 Max jet off its flight schedule through June 6.

XPO Logistics (XPO) – XPO is considering a sale of the company or a spin-off of one or more business units. Such a move would reverse recent strategy for the provider of warehousing and delivery services, which made 17 acquisitions from 2011 to 2015.

Tesla (TSLA) – Tesla saw vehicle registrations in California cut nearly in half during the fourth quarter of 2019 compared to a year earlier. That decline comes amid a significant drop in federal tax credits for electric vehicle buyers during 2019. Separately, Tesla was downgraded to “underweight” from “equal-weight” at Morgan Stanley, which pointed to the recent stock run-up as well as long term risks to the automaker’s China business.

Taiwan Semiconductor (TSM) – Taiwan Semi said its current-quarter revenue should show a 45% jump compared to a year ago. The world’s largest contract chipmaker also raised its capital spending plan for the year on expectations of strong demand for 5G smartphones.

American Outdoor Brands (AOBC) – The company said CEO James Debney left the Smith & Wesson parent after he was found to have engaged in behavior “inconsistent with a non-financial company policy.” The company did not provide more details.

Alcoa (AA) – Alcoa lost 31 cents per share for the fourth quarter, wider than the 22 cents a share loss that analysts had been expecting. The aluminum producer’s revenue also came in below estimates, due in large part to lower prices. Alcoa said it expected aluminum demand to pick up this year.

Netflix (NFLX) – Netflix is collaborating with Ben & Jerry’s on a new ice cream flavor called “Netflix & Chilll’d.” The new flavor mixes pretzel swirls and fudge brownies in peanut butter ice cream.

Nike (NKE) – Nike’s Vaporfly shoe reportedly is set to be banned by World Athletics, amid allegations that it gives an unfair advantage to runners. The Daily Mail reports that the shoe’s design is under review, with findings to be revealed later this month. The Vaporfly has been worn by both men and women in recent record-breaking marathon races.

GlaxoSmithKline (GSK) – A Glaxo executive told Bloomberg that the drugmaker has not given much thought to an initial public offering of its consumer health care joint venture with Pfizer (PFE). The comments come after Pfizer CEO Albert Bourla said such a move could happen within three to four years.

Spirit Airlines (SAVE) – The airline updated its fourth-quarter guidance, saying a decline in total operating revenue per available seat mile would decline less than previously expected.

PPG Industries (PPG) – The paint maker missed estimates by 3 cents a share, with quarterly profit of $1.31 per share. Revenue also came in slightly below Street forecasts. with PPG noting weak conditions in the industrial markets that it serves.


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: peter schacknow
Keywords: news, cnbc, companies, revenue, netflix, premarket, making, moves, tesla, fourth, southwest, stanley, morgan, xpo, recent, company, vaporfly, vehicle, share, cents, decline, biggest, stocks


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Here are Thursday’s biggest analyst calls of the day: Nvidia, Tesla, Amazon & more

Here are the biggest calls on Wall Street on Thursday:Morgan Stanley downgraded the stock and said investors should wait for a better entry point. “In our opinion, four factors have driven TSLA’s share price up ~105% over the last four months: (1) stronger than expected global demand for Tesla vehicles, which has created more optimism around the long-term margin profile of the business; (2) China announcements that show Tesla’s expansion into the world’s largest electric vehicle (EV) market is p


Here are the biggest calls on Wall Street on Thursday:Morgan Stanley downgraded the stock and said investors should wait for a better entry point.
“In our opinion, four factors have driven TSLA’s share price up ~105% over the last four months: (1) stronger than expected global demand for Tesla vehicles, which has created more optimism around the long-term margin profile of the business; (2) China announcements that show Tesla’s expansion into the world’s largest electric vehicle (EV) market is p
Here are Thursday’s biggest analyst calls of the day: Nvidia, Tesla, Amazon & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: michael bloom
Keywords: news, cnbc, companies, wall, wait, tesla, day, demand, worlds, amazon, thursdaymorgan, margin, thursdays, nvidia, analyst, vehicles, vehicle, teslas, calls, biggest, tslas


Here are Thursday's biggest analyst calls of the day: Nvidia, Tesla, Amazon & more

Here are the biggest calls on Wall Street on Thursday:

Morgan Stanley downgraded the stock and said investors should wait for a better entry point.

“In our opinion, four factors have driven TSLA’s share price up ~105% over the last four months: (1) stronger than expected global demand for Tesla vehicles, which has created more optimism around the long-term margin profile of the business; (2) China announcements that show Tesla’s expansion into the world’s largest electric vehicle (EV) market is progressing well from a demand and margin perspective; (3) supportive incentive developments (i.e. the potential, however small, for extended subsidies in the US); and (4) positive sentiment around product expansion.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: michael bloom
Keywords: news, cnbc, companies, wall, wait, tesla, day, demand, worlds, amazon, thursdaymorgan, margin, thursdays, nvidia, analyst, vehicles, vehicle, teslas, calls, biggest, tslas


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Stocks making the biggest moves midday: Morgan Stanley, Tesla, Alcoa & more

Check out the companies making headlines in midday trading. Morgan Stanley — Morgan Stanley shares jumped more than 7% after the bank posted quarterly profit numbers that easily beat expectations. Tesla — Stock of the electric car maker dropped more than 3% after an analyst at Morgan Stanley downgraded it to underweight from equal weight. Alcoa — Alcoa sank more than 9% in midday trading Thursday after the aluminum maker reported that fourth-quarter sales fell 27% in 2019 from the same time in 2


Check out the companies making headlines in midday trading.
Morgan Stanley — Morgan Stanley shares jumped more than 7% after the bank posted quarterly profit numbers that easily beat expectations.
Tesla — Stock of the electric car maker dropped more than 3% after an analyst at Morgan Stanley downgraded it to underweight from equal weight.
Alcoa — Alcoa sank more than 9% in midday trading Thursday after the aluminum maker reported that fourth-quarter sales fell 27% in 2019 from the same time in 2
Stocks making the biggest moves midday: Morgan Stanley, Tesla, Alcoa & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: thomas franck
Keywords: news, cnbc, companies, stocks, morgan, biggest, moves, alcoa, trading, revenue, stanley, midday, share, profit, stock, quarterly, maker, tesla, making


Stocks making the biggest moves midday: Morgan Stanley, Tesla, Alcoa & more

Check out the companies making headlines in midday trading.

Morgan Stanley — Morgan Stanley shares jumped more than 7% after the bank posted quarterly profit numbers that easily beat expectations. The company earned $1.30 per share on revenue of $10.86 billion. Analysts polled by Refinitiv expected a profit of 99 cents per share on sales of $9.72 billion. Morgan Stanley’s three big businesses — trading, wealth management and investment banking — all had larger-than-forecast revenue for the quarter.

Tesla — Stock of the electric car maker dropped more than 3% after an analyst at Morgan Stanley downgraded it to underweight from equal weight. “We think investors will be presented with more attractive opportunities to own the stock in the future,” the analyst said.

PPG Industries — PPG Industries dipped 2.8% after the paint maker reported disappointing quarterly earnings. PPG said it earned $1.31 per share in the fourth quarter, missing estimates by 3 cents, according to Refinitiv. Its quarterly revenue also came in below expectations.

Spirit Airlines — Shares of Spirit Airlines jumped nearly 7% after the low-cost carrier gave better-than-expected revenue guidance. The company said it estimates a 3.6% year-over-year decline in revenue, a smaller decrease from its previous forecast of a 4.5% drop.

Alcoa — Alcoa sank more than 9% in midday trading Thursday after the aluminum maker reported that fourth-quarter sales fell 27% in 2019 from the same time in 2018. CEO Roy Harvey said in a press release that the aluminum market “challenged us” as analysts worried about the impact of U.S. trade battles and sluggish industrial production.

Charles Schwab — The company’s stock rose 2.75% in midday trading following the brokerage’s quarterly results. Despite missing profit expectations, Charles Schwab’s fourth-quarter results showed “robust asset gathering” and core client metric growth, according to Raymond James analyst Patrick O’Shaughnessy.

— CNBC’s Yun Li, Fred Imbert and Sunny Kim contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: thomas franck
Keywords: news, cnbc, companies, stocks, morgan, biggest, moves, alcoa, trading, revenue, stanley, midday, share, profit, stock, quarterly, maker, tesla, making


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Stocks making the biggest moves after hours: Gap, CSX and Progress Software

Check out the companies making headlines after hours on Tuesday:Gap Inc. — Stock of the clothing retailer was up more than 4% in extended trading after the company announced it no longer planned to spin-off Old Navy into a separately traded public company. The company also announced that Neil Fiske, president and CEO of the Gap brand, is departing. CSX — Shares of the transportation company were down more than 3% in extended trading after CSX reported quarterly revenues of $2.89 billion, which m


Check out the companies making headlines after hours on Tuesday:Gap Inc. — Stock of the clothing retailer was up more than 4% in extended trading after the company announced it no longer planned to spin-off Old Navy into a separately traded public company.
The company also announced that Neil Fiske, president and CEO of the Gap brand, is departing.
CSX — Shares of the transportation company were down more than 3% in extended trading after CSX reported quarterly revenues of $2.89 billion, which m
Stocks making the biggest moves after hours: Gap, CSX and Progress Software Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: al lewis
Keywords: news, cnbc, companies, estimates, progress, announced, extended, share, hours, company, biggest, trading, reported, stocks, quarterly, moves, shares, software, gap, csx, making


Stocks making the biggest moves after hours: Gap, CSX and Progress Software

Check out the companies making headlines after hours on Tuesday:

Gap Inc. — Stock of the clothing retailer was up more than 4% in extended trading after the company announced it no longer planned to spin-off Old Navy into a separately traded public company. “The cost and complexity of splitting into two companies, combined with softer business performance, limited our ability to create appropriate value from separation,” said interim CEO Robert Fisher in a statement. The company also announced that Neil Fiske, president and CEO of the Gap brand, is departing.

CSX — Shares of the transportation company were down more than 3% in extended trading after CSX reported quarterly revenues of $2.89 billion, which missed analysts’ estimates of $2.92 billion. The company’s earnings, however, came in at 99 cents per share. That beat analysts estimates and was up from earnings of $1.01 per share in the same quarter a year ago.

Progress Software — The software developer’s shares were up more than 9% in extended trading after the company reported a 19% increase in quarterly revenue to $117 million. The company also announced the appointment of a new chief financial officer and said its current CFO is retiring.


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: al lewis
Keywords: news, cnbc, companies, estimates, progress, announced, extended, share, hours, company, biggest, trading, reported, stocks, quarterly, moves, shares, software, gap, csx, making


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LA’s top real estate agent says this is the biggest misconception about the job

As a top realtor, Kirman makes seven figures , but not all agents earn a ton of money — and that’s one of the biggest misconceptions about the job. Aaron Kirman has sold roughly $6 billion worth of real estate over his 25-year career, making him the No. A top producer is selling between $30 million and $40 million of real estate a year, which equates to a $300,000 or $400,000 salary. Another misconception, he says, is that the realtors at the top don’t work that hard: “It’s a tough job. ETDon’t


As a top realtor, Kirman makes seven figures , but not all agents earn a ton of money — and that’s one of the biggest misconceptions about the job.
Aaron Kirman has sold roughly $6 billion worth of real estate over his 25-year career, making him the No.
A top producer is selling between $30 million and $40 million of real estate a year, which equates to a $300,000 or $400,000 salary.
Another misconception, he says, is that the realtors at the top don’t work that hard: “It’s a tough job.
ETDon’t
LA’s top real estate agent says this is the biggest misconception about the job Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: kathleen elkins
Keywords: news, cnbc, companies, agent, agents, real, estate, world, biggest, misconception, kirman, million, work, theres, las, think, job


LA's top real estate agent says this is the biggest misconception about the job

Entry level agents can bring home even less than that because “it takes about a year to sell something,” he says.

“On average, agents make anywhere between $30,000 and $50,000 , which isn’t what the public thinks that they make,” he tells CNBC Make It . “It’s a lot less than you think because it’s such a competitive industry.”

As a top realtor, Kirman makes seven figures , but not all agents earn a ton of money — and that’s one of the biggest misconceptions about the job.

Aaron Kirman has sold roughly $6 billion worth of real estate over his 25-year career, making him the No. 1 agent in Los Angeles and among the best in the country.

A top producer is selling between $30 million and $40 million of real estate a year, which equates to a $300,000 or $400,000 salary. “Then you have the very, very, very top, which is a select few that make more than a million,” says Kirman. “And there’s one level up, which is big, mega brokers. There are not that many in the world, but there are a few, and I’m pretty lucky to consider myself one of those.”

“Mega brokers” make between $5 million and $12 million a year.

Another misconception, he says, is that the realtors at the top don’t work that hard: “It’s a tough job. There are a lot of nuances that make it extremely complicated, and I think that agents deserve every penny of every dollar they make.”

Even Kirman, who’s established himself as one of the most successful agents in the world, works long days that often end past 9 p.m.

To be successful in real estate you have to put in the hours, he says: “60% of it is showing up. You just have to work really hard. And then there’s intelligence involved — you have to understand market dynamics, human nature and the product.”

Plus, he adds, “there’s always a little bit of luck.”

″Listing Impossible″ airs on CNBC Wednesdays at 10 p.m. ET

Don’t miss: A day in the life of the top real estate agent in LA, who makes millions selling luxury properties to the super rich

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Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: kathleen elkins
Keywords: news, cnbc, companies, agent, agents, real, estate, world, biggest, misconception, kirman, million, work, theres, las, think, job


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