Trump wades into debate over controversial Fed speech Thursday, calls for end to tight policy

President Donald Trump weighed into a simmering debate over the Federal Reserve interest rate policy, saying Friday that the central bank needs to end its “crazy” tightening moves. In a series of tweets, the president addressed an unusual controversy stemming from a speech Thursday that New York Fed President John Williams delivered. Market participants initially took Williams’ remarks as indicative that the central bank was prepared to cut rates aggressively, by perhaps a half a percentage poin


President Donald Trump weighed into a simmering debate over the Federal Reserve interest rate policy, saying Friday that the central bank needs to end its “crazy” tightening moves. In a series of tweets, the president addressed an unusual controversy stemming from a speech Thursday that New York Fed President John Williams delivered. Market participants initially took Williams’ remarks as indicative that the central bank was prepared to cut rates aggressively, by perhaps a half a percentage poin
Trump wades into debate over controversial Fed speech Thursday, calls for end to tight policy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: jeff cox
Keywords: news, cnbc, companies, wades, williams, cut, president, calls, speech, end, policy, saying, trump, tightening, controversial, economic, tight, debate, fed, rates, comments


Trump wades into debate over controversial Fed speech Thursday, calls for end to tight policy

President Donald Trump weighed into a simmering debate over the Federal Reserve interest rate policy, saying Friday that the central bank needs to end its “crazy” tightening moves.

In a series of tweets, the president addressed an unusual controversy stemming from a speech Thursday that New York Fed President John Williams delivered.

Market participants initially took Williams’ remarks as indicative that the central bank was prepared to cut rates aggressively, by perhaps a half a percentage point. But a Fed spokesman soon walked back the comments, causing confusion over where policy is headed.

Trump said he liked Williams’ “first statement much better than his second.” He called on the Fed to “stop with the crazy quantitative tightening” and not to “blow it” by halting “unparalleled” growth.

The president, though, mischaracterized Williams’ comments. Williams never said in the speech that the Fed raised “far too fast & too early,” as Trump suggested. Rather, Williams said the Fed, when confronted with an economic downturn and interest rates close to zero, should cut quickly and aggressively.

Trump has long been a Fed critic, saying the central bank’s rate hikes since December 2015, along with its efforts to reduce bond holdings on its balance sheet, i.e. “quantitative tightening,” have constrained economic growth. The Fed already has announced plans to halt the balance sheet rolloff, likely in September.

With fears building over a bevy of issues including global economic slowdown, tariffs, Brexit, debt ceiling negotiations and a vexing lack of inflationary pressures, markets widely expect the Fed to announce a rate cut at its July 30-31 meeting.

In his speech, Williams said that when faced with “economic distress,” the Fed should “act quickly” and “keep interest rates lower for longer.” Coming along with similarly dovish comments from Fed Vice Chairman Richard Clarida and St. Louis Fed President James Bullard, markets immediately started pricing in an even sharper reduction from the Fed than the typical quarter-point moves and looked for a possible half-point cut.

Williams’ office, however, followed with a statement saying that his comments were only in regard to an academic study and shouldn’t be construed as a current policy intention.

Traders on Friday were assigning a 41% chance of a half-point cut, according to the CME’s FedWatch tracker.


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: jeff cox
Keywords: news, cnbc, companies, wades, williams, cut, president, calls, speech, end, policy, saying, trump, tightening, controversial, economic, tight, debate, fed, rates, comments


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Here are the biggest analyst calls of the day: Apple, Zillow, AMC & more

KeyBanc said the online real estate brokerage has a “competitive advantage.” “We are initiating coverage of Z at Overweight and recommend buying the shares. Zillow’s traffic should allow it to remain the leading marketplace for connecting home buyers/sellers with agents. Further, we believe its traffic, capital, and data provide competitive advantages that position Zillow to become the leading market maker for residential real estate in the U.S. We believe can drive substantial profit growth and


KeyBanc said the online real estate brokerage has a “competitive advantage.” “We are initiating coverage of Z at Overweight and recommend buying the shares. Zillow’s traffic should allow it to remain the leading marketplace for connecting home buyers/sellers with agents. Further, we believe its traffic, capital, and data provide competitive advantages that position Zillow to become the leading market maker for residential real estate in the U.S. We believe can drive substantial profit growth and
Here are the biggest analyst calls of the day: Apple, Zillow, AMC & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: michael bloom
Keywords: news, cnbc, companies, estate, target, calls, biggest, traffic, day, competitive, analyst, leading, zillows, amc, real, apple, believe, zillow


Here are the biggest analyst calls of the day: Apple, Zillow, AMC & more

KeyBanc said the online real estate brokerage has a “competitive advantage.”

“We are initiating coverage of Z at Overweight and recommend buying the shares. Zillow’s traffic should allow it to remain the leading marketplace for connecting home buyers/sellers with agents. Further, we believe its traffic, capital, and data provide competitive advantages that position Zillow to become the leading market maker for residential real estate in the U.S. We believe can drive substantial profit growth and ancillary opportunities over time. Our $66 price target is based on 9.0x 2020E EV/GP$. “


Company: cnbc, Activity: cnbc, Date: 2019-07-19  Authors: michael bloom
Keywords: news, cnbc, companies, estate, target, calls, biggest, traffic, day, competitive, analyst, leading, zillows, amc, real, apple, believe, zillow


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Here are the biggest analyst calls of the day: Apple, Levi Strauss, Ralph Lauren & more

Tim Cook, chief executive officer of Apple Inc., speaks during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Monday, March 25, 2019. Here are the biggest calls on Wall Street on Wednesday:Goldman raised its price target on the stock but warned that services business growth may fall short. “Apple App Store data from Sensor Tower suggests a material slowdown in May and June revenues after a spike in activity in March and April driven by Greater China. In revenue terms Senso


Tim Cook, chief executive officer of Apple Inc., speaks during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Monday, March 25, 2019. Here are the biggest calls on Wall Street on Wednesday:Goldman raised its price target on the stock but warned that services business growth may fall short. “Apple App Store data from Sensor Tower suggests a material slowdown in May and June revenues after a spike in activity in March and April driven by Greater China. In revenue terms Senso
Here are the biggest analyst calls of the day: Apple, Levi Strauss, Ralph Lauren & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: michael bloom
Keywords: news, cnbc, companies, growth, wednesdaygoldman, calls, wall, lauren, levi, sensor, day, app, analyst, strauss, apple, revenue, store, warned, biggest, tower, ralph, yy


Here are the biggest analyst calls of the day: Apple, Levi Strauss, Ralph Lauren & more

Tim Cook, chief executive officer of Apple Inc., speaks during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Monday, March 25, 2019.

Here are the biggest calls on Wall Street on Wednesday:

Goldman raised its price target on the stock but warned that services business growth may fall short.

“Apple App Store data from Sensor Tower suggests a material slowdown in May and June revenues after a spike in activity in March and April driven by Greater China. In revenue terms Sensor Tower indicates iOS App Store revenue growth of 14% Y/Y in June down from 18% Y/Y in May, 21% in April and 22% in March. ”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: michael bloom
Keywords: news, cnbc, companies, growth, wednesdaygoldman, calls, wall, lauren, levi, sensor, day, app, analyst, strauss, apple, revenue, store, warned, biggest, tower, ralph, yy


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Here are the biggest analyst calls of the day: General Electric, Molson Coors, Deere & more

Credit Suisse lowered its price target on Boeing and said it still expected the Max to be recertified “at some point.” “Barring an unforeseen catastrophe, we believe the MAX will be recertified at some point (though timing remains uncertain), which should presage a return to normal production and delivery rates. Though the timeline has been extended, normalized free cash should plateau around $32-37 per share in the 2022 timeframe. Accordingly, long term investors may be rewarded for their patie


Credit Suisse lowered its price target on Boeing and said it still expected the Max to be recertified “at some point.” “Barring an unforeseen catastrophe, we believe the MAX will be recertified at some point (though timing remains uncertain), which should presage a return to normal production and delivery rates. Though the timeline has been extended, normalized free cash should plateau around $32-37 per share in the 2022 timeframe. Accordingly, long term investors may be rewarded for their patie
Here are the biggest analyst calls of the day: General Electric, Molson Coors, Deere & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: michael bloom
Keywords: news, cnbc, companies, max, biggest, deere, calls, timeline, term, timing, molson, electric, analyst, coors, recertified, target, general, suisse, day, timeframe, unforeseen, uncertain


Here are the biggest analyst calls of the day: General Electric, Molson Coors, Deere & more

Credit Suisse lowered its price target on Boeing and said it still expected the Max to be recertified “at some point.”

“Barring an unforeseen catastrophe, we believe the MAX will be recertified at some point (though timing remains uncertain), which should presage a return to normal production and delivery rates. Though the timeline has been extended, normalized free cash should plateau around $32-37 per share in the 2022 timeframe. Accordingly, long term investors may be rewarded for their patience, though we are increasingly concerned that a macro slowdown may derail plans to hike to rate 57 in 2021/22.”


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: michael bloom
Keywords: news, cnbc, companies, max, biggest, deere, calls, timeline, term, timing, molson, electric, analyst, coors, recertified, target, general, suisse, day, timeframe, unforeseen, uncertain


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European stocks close lower after IMF calls for ECB stimulus

European stocks closed lower on Thursday after the IMF said the euro zone economy faces rising risks stemming from trade tensions, Brexit and Italy. In a report published on Thursday afternoon, the International Monetary Fund (IMF) also called for fresh stimulus from the ECB. “Directors agreed that monetary policy should remain accommodative until inflation is sustainably converging to the ECB’s objective,” it said. Sewing is seeking shareholder backing for a massive 7.4 billion euro ($8.4 billi


European stocks closed lower on Thursday after the IMF said the euro zone economy faces rising risks stemming from trade tensions, Brexit and Italy. In a report published on Thursday afternoon, the International Monetary Fund (IMF) also called for fresh stimulus from the ECB. “Directors agreed that monetary policy should remain accommodative until inflation is sustainably converging to the ECB’s objective,” it said. Sewing is seeking shareholder backing for a massive 7.4 billion euro ($8.4 billi
European stocks close lower after IMF calls for ECB stimulus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: chloe taylor elliot smith, chloe taylor, elliot smith
Keywords: news, cnbc, companies, close, financial, brexit, stocks, stock, tax, calls, testimony, lower, imf, monetary, ecb, bank, european, british, trade, stimulus, billion


European stocks close lower after IMF calls for ECB stimulus

European stocks closed lower on Thursday after the IMF said the euro zone economy faces rising risks stemming from trade tensions, Brexit and Italy.

In a report published on Thursday afternoon, the International Monetary Fund (IMF) also called for fresh stimulus from the ECB.

“Directors agreed that monetary policy should remain accommodative until inflation is sustainably converging to the ECB’s objective,” it said. “They welcomed the recent extension of forward guidance to help achieve a sustained pickup in inflation. Targeted macroprudential policies could be used to address any financial stability risks.”

The pan-European Stoxx 600 was in negative territory at the closing bell, with all major bourses in the red.

Stateside, the Dow Jones Industrial Average rallied to a record high on Thursday, lifted by health insurance stocks after the White House dropped a proposal to eliminate drug rebates.

Stocks on Wall Street were also lifted by Wednesday’s testimony by Federal Reserve Chair Jerome Powell, which signaled that easier monetary policy could be implemented later this month.

Powell told the House Financial Services Committee in a prepared testimony on Wednesday that the central bank will “act as appropriate” to sustain expansion as “crosscurrents” are weighing on the economic outlook.

Back in Europe, the Bank of England’s Financial Stability Report on Thursday suggested that British banks hold enough capital to cope with the simultaneous risks of a no-deal Brexit and a global trade war, but warned that a slide in overseas investment into some British assets due to Brexit does pose a risk to the wider economy.

France’s Senate approved a tax on the revenues of tech giants like Google, Amazon and Facebook on Thursday, defying a warning from the U.S. Trade Representative Robert Lighthizer said Wednesday that President Donald Trump has ordered a probe into whether the planned “digital services” tax is an unfair trade practice that targets U.S. companies.

In corporate news, Deutsche Bank shareholders will have the opportunity to grill CEO Christian Sewing on how he plans to deliver on the German lender’s revenue growth targets during a global roadshow. Sewing is seeking shareholder backing for a massive 7.4 billion euro ($8.4 billion) restructuring program. Deutsche Bank shares were up 0.9% on Thursday.

Swiss Re has suspended the $4.1 billion IPO (initial public offering) of its U.K. life insurance business due to market conditions. The reinsurance giant’s stock pared early losses to end the session around the flatline.

In terms of individual stock performance, German packaging manufacturer Gerresheimer topped the Stoxx 600, jumping 13.7% after reporting a strong second quarter, with net income more than doubling.

At the other end of the table, British online supermarket Ocado saw its shares fall 6% during afternoon trade, after U.S. retailer Kroger announced that the two companies would invest $55 million in a “customer fulfillment center” in Georgia, an automated warehouse facility with digital and robotic capabilities.

Swiss chemical company Sika shed 4% after UBS downgraded the stock from “neutral” to “sell.”


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: chloe taylor elliot smith, chloe taylor, elliot smith
Keywords: news, cnbc, companies, close, financial, brexit, stocks, stock, tax, calls, testimony, lower, imf, monetary, ecb, bank, european, british, trade, stimulus, billion


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Biden slams Trump’s trade war even as he calls to ‘get tough’ on China

Former Vice President Joe Biden knocked President Donald Trump’s trade policy Thursday even as he argued the U.S. needs to curb China’s “abusive” economic behavior. “President Trump may think he’s being tough on China. Biden, who has led most early primary polls, called to “build a united front” of economic partners to hold China accountable. She cited Trump’s replacement for NAFTA, called the United States-Mexico-Canada Agreement, his decision to leave TPP and his China policy. Biden has typica


Former Vice President Joe Biden knocked President Donald Trump’s trade policy Thursday even as he argued the U.S. needs to curb China’s “abusive” economic behavior. “President Trump may think he’s being tough on China. Biden, who has led most early primary polls, called to “build a united front” of economic partners to hold China accountable. She cited Trump’s replacement for NAFTA, called the United States-Mexico-Canada Agreement, his decision to leave TPP and his China policy. Biden has typica
Biden slams Trump’s trade war even as he calls to ‘get tough’ on China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: jacob pramuk
Keywords: news, cnbc, companies, american, biden, called, united, china, calls, trump, policy, democratic, president, war, trumps, tough, slams, trade


Biden slams Trump's trade war even as he calls to 'get tough' on China

Former Vice President Joe Biden knocked President Donald Trump’s trade policy Thursday even as he argued the U.S. needs to curb China’s “abusive” economic behavior.

The 2020 Democratic presidential candidate slammed Trump for tariffs on Chinese goods that sparked retaliation from Beijing and pain for American farmers. Still, he called for the U.S. to “get tough on China” — taking a more aggressive stance than he did when he downplayed the threat China poses earlier this year.

“President Trump may think he’s being tough on China. All that he’s delivered as a consequence of that is American farmers, manufacturers and consumers losing and paying more,” Biden said during a speech outlining his foreign policy plans at the Graduate Center at the City University of New York. “His economic decision making is so short sighted and as short sighted as the rest of his foreign policy.”

Biden said the U.S. needs to act to counter China or it will “keep moving and robbing U.S. firms” of technology and intellectual property. But the former vice president — who supported the North American Free Trade Agreement and Trans-Pacific Partnership free trade deals that some of his Democratic rivals oppose — called for “new rules” and “new processes” to craft trade relationships.

Biden, who has led most early primary polls, called to “build a united front” of economic partners to hold China accountable.

“China can’t afford to ignore half the global economy if we’re united. That gives us substantial leverage to shape the future rules of the road on everything from the environment to labor to trade to technology to transparency,” Biden said.

In a statement, Trump campaign spokeswoman Kayleigh McEnany said Trump “has repeatedly advocated for the American worker on the world stage by taking on unfair trade practices across the world.” She cited Trump’s replacement for NAFTA, called the United States-Mexico-Canada Agreement, his decision to leave TPP and his China policy. She argued Biden “has a history of blue collar betrayals.”

Few Democratic candidates have targeted Trump over his trade policy. But Biden previously slammed him in the key agricultural state of Iowa — which will hold the first Democratic nominating contest in February. Sanders criticized Biden earlier this year for questioning how much of a threat China posed to the U.S.

Trump’s trade conflict with China has raised fears about damage to U.S. businesses, farmers and the broader global economy. Trade is a thorny issue for 2020 Democratic candidates. Contenders such as Sens. Bernie Sanders, I-Vt., and Elizabeth Warren, D-Mass., agree with Trump that free trade has harmed American workers and sapped manufacturing jobs.

Biden has typically supported U.S. trade policy. But he said Thursday that “there’s no going back to business as usual on trade with me.” His comments come as Democrats express reservations about Trump’s NAFTA replacement due to concerns about labor and environmental protections and pharmaceutical prices.

The remarks also come as the U.S. scrambles to strike a trade deal with China. The Trump administration has slapped tariffs on $250 billion in Chinese goods during the ongoing trade war. China has responded with duties on $110 billion in American products.

The U.S. and Beijing restarted talks in recent weeks after efforts to strike a deal stalled. But earlier Thursday, Trump said Beijing is “letting us down” by not buying more agricultural products. The Trump administration has considered farm product purchases as a key part of moving forward with discussions.

Biden made the comments Thursday during a broader speech about his foreign policy strategy. He also criticized the president for favorable comments about authoritarian leaders and tweeted threats of military force.

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Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: jacob pramuk
Keywords: news, cnbc, companies, american, biden, called, united, china, calls, trump, policy, democratic, president, war, trumps, tough, slams, trade


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AT&T will soon automatically block annoying robocalls

AT&T said this week that it will soon block spam calls or alert customers of suspected spammers. The FCC mandated in February that U.S. carriers need to help stop spam calls. T-Mobile already offers customers two free tools, Scam Block and Scam ID, but Scam Block needs to be turned on first. The Google Pixel 3 and Pixel 3a can automatically screen calls for you, while iOS 13, which will roll out this fall, uses Siri to automatically silence calls from unknown numbers. Correction: A previous vers


AT&T said this week that it will soon block spam calls or alert customers of suspected spammers. The FCC mandated in February that U.S. carriers need to help stop spam calls. T-Mobile already offers customers two free tools, Scam Block and Scam ID, but Scam Block needs to be turned on first. The Google Pixel 3 and Pixel 3a can automatically screen calls for you, while iOS 13, which will roll out this fall, uses Siri to automatically silence calls from unknown numbers. Correction: A previous vers
AT&T will soon automatically block annoying robocalls Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: todd haselton
Keywords: news, cnbc, companies, att, customers, calls, soon, annoying, scam, users, automatically, suspected, spam, robocalls, turned, unwanted, block


AT&T will soon automatically block annoying robocalls

AT&T said this week that it will soon block spam calls or alert customers of suspected spammers. The blocking will first activate for new lines and will then be applied to all existing accounts, the carrier said on Tuesday.

The feature will be on by default but can be turned off by users who don’t want it, per rules set by the Federal Communications Commission that require carriers to let customers opt out.

The FCC mandated in February that U.S. carriers need to help stop spam calls. Hiya, a spam-blocking app, estimates that 25.3 billion unwanted robocalls were received by U.S. wireless customers in the first half of this year alone, even to people who are registered on the Do Not Call list.

AT&T’s service is the first that will be on by default, instead of requiring users to opt in or download a separate app.

T-Mobile already offers customers two free tools, Scam Block and Scam ID, but Scam Block needs to be turned on first. Sprint charges a $2.99 fee for Premium Caller ID, and Verizon alerts customers if a call is from a suspected spammer. Google and Apple have worked to add spam blocking into Android and iOS too.

The Google Pixel 3 and Pixel 3a can automatically screen calls for you, while iOS 13, which will roll out this fall, uses Siri to automatically silence calls from unknown numbers.

Correction: A previous version of this story included an incorrect number of unwanted robocalls.


Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: todd haselton
Keywords: news, cnbc, companies, att, customers, calls, soon, annoying, scam, users, automatically, suspected, spam, robocalls, turned, unwanted, block


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McDonald’s and Burger King are facing calls to scrap plastic toys in kids’ meal deals

The plastic toys given away with children’s fast food meals are under fire. McDonald’s and Burger King are the target of a petition started by two British school children who criticize the companies for giving away the toys that they say are put in the trash after only being used briefly. McDonald’s Happy Meal and Burger King’s Kids’ Meal include a main meal, side, drink and a toy, which is often linked to movie releases. The children, aged 9 and 7, wrote that they learnt about pollution at scho


The plastic toys given away with children’s fast food meals are under fire. McDonald’s and Burger King are the target of a petition started by two British school children who criticize the companies for giving away the toys that they say are put in the trash after only being used briefly. McDonald’s Happy Meal and Burger King’s Kids’ Meal include a main meal, side, drink and a toy, which is often linked to movie releases. The children, aged 9 and 7, wrote that they learnt about pollution at scho
McDonald’s and Burger King are facing calls to scrap plastic toys in kids’ meal deals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: lucy handley
Keywords: news, cnbc, companies, school, wrote, children, burger, away, started, deals, calls, mcdonalds, kids, toys, meal, facing, petition, plastic, king, scrap


McDonald's and Burger King are facing calls to scrap plastic toys in kids' meal deals

The plastic toys given away with children’s fast food meals are under fire.

McDonald’s and Burger King are the target of a petition started by two British school children who criticize the companies for giving away the toys that they say are put in the trash after only being used briefly.

McDonald’s Happy Meal and Burger King’s Kids’ Meal include a main meal, side, drink and a toy, which is often linked to movie releases.

“We like to go to eat at Burger King and McDonald’s, but children only play with the plastic toys they give us for a few minutes before they get thrown away and harm animals and pollute the sea,” wrote Ella and Caitlin Wood on a Change.org petition page, which has more than 335,000 signatures.

The children, aged 9 and 7, wrote that they learnt about pollution at school and recycle at home. “But we want to do more, which is why we started this petition. It’s not enough to make recyclable plastic toys — big, rich companies shouldn’t be making toys out of plastic at all,” they wrote.


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: lucy handley
Keywords: news, cnbc, companies, school, wrote, children, burger, away, started, deals, calls, mcdonalds, kids, toys, meal, facing, petition, plastic, king, scrap


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Here are the biggest analyst calls of the day: Chewy, 3M, Square & more

J.P. Morgan downgraded Marriott on valuation amongst other things. “We move MAR to Neutral, from Overweight, as recent share outperformance, peak valuation, an extended cycle and decelerating industry trends all point to diminished upside from here. We want to be clear that this isn’t a reflection on the quality of the business model (capital light, fee-based, with steady, solid returns driving high ROICs), or that of management, which is tops in the sector, in our view. MAR’s unit growth story


J.P. Morgan downgraded Marriott on valuation amongst other things. “We move MAR to Neutral, from Overweight, as recent share outperformance, peak valuation, an extended cycle and decelerating industry trends all point to diminished upside from here. We want to be clear that this isn’t a reflection on the quality of the business model (capital light, fee-based, with steady, solid returns driving high ROICs), or that of management, which is tops in the sector, in our view. MAR’s unit growth story
Here are the biggest analyst calls of the day: Chewy, 3M, Square & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: michael bloom
Keywords: news, cnbc, companies, steady, unit, view, calls, thingswe, 3m, valuation, square, chewy, biggest, day, analyst, peak, upside, tops, solid, trends


Here are the biggest analyst calls of the day: Chewy, 3M, Square & more

J.P. Morgan downgraded Marriott on valuation amongst other things.

“We move MAR to Neutral, from Overweight, as recent share outperformance, peak valuation, an extended cycle and decelerating industry trends all point to diminished upside from here. We want to be clear that this isn’t a reflection on the quality of the business model (capital light, fee-based, with steady, solid returns driving high ROICs), or that of management, which is tops in the sector, in our view. MAR’s unit growth story remains intact for now but without a path for estimate revisions higher (RevPAR) and peak multiples, we believe risk-reward is more balanced here. “


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: michael bloom
Keywords: news, cnbc, companies, steady, unit, view, calls, thingswe, 3m, valuation, square, chewy, biggest, day, analyst, peak, upside, tops, solid, trends


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Here are the biggest analyst calls of the day: Apple, Verizon, Best Buy, airlines & more

J.P. Morgan said the company’s fundamentals look more “stable.” Johnson Controls produces electronics and HVAC equipment for buildings. “We upgrade from UW to N on JCI, as the stock has de-rated and fundamentals look more stable now vs peers, with management executing the Battery divestiture in the least dilutive way possible (buybacks vs expensive M&A), lending confidence it will not overpay for premium valued assets. “


J.P. Morgan said the company’s fundamentals look more “stable.” Johnson Controls produces electronics and HVAC equipment for buildings. “We upgrade from UW to N on JCI, as the stock has de-rated and fundamentals look more stable now vs peers, with management executing the Battery divestiture in the least dilutive way possible (buybacks vs expensive M&A), lending confidence it will not overpay for premium valued assets. “
Here are the biggest analyst calls of the day: Apple, Verizon, Best Buy, airlines & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: michael bloom
Keywords: news, cnbc, companies, biggest, stock, way, airlines, best, analyst, stable, upgrade, vs, buy, produces, calls, uw, fundamentals, verizon, valued, day, apple, look


Here are the biggest analyst calls of the day: Apple, Verizon, Best Buy, airlines & more

J.P. Morgan said the company’s fundamentals look more “stable.” Johnson Controls produces electronics and HVAC equipment for buildings.

“We upgrade from UW to N on JCI, as the stock has de-rated and fundamentals look more stable now vs peers, with management executing the Battery divestiture in the least dilutive way possible (buybacks vs expensive M&A), lending confidence it will not overpay for premium valued assets. “


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: michael bloom
Keywords: news, cnbc, companies, biggest, stock, way, airlines, best, analyst, stable, upgrade, vs, buy, produces, calls, uw, fundamentals, verizon, valued, day, apple, look


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