Retail sales, small business sentiment, and other news affecting your money in the week ahead

Wall Street will be monitoring the all-important retail sales report due on Friday, especially as the holidays draw near. And a monthly survey of small business owners is scheduled for release on Tuesday. Economists forecast a big increase in consumer spendingWhat’s happening: The monthly retail sales report for November is scheduled for release on Friday, December 13. Small business owners may feel more optimisticWhat’s happening: A monthly report that measures confidence among small business o


Wall Street will be monitoring the all-important retail sales report due on Friday, especially as the holidays draw near.
And a monthly survey of small business owners is scheduled for release on Tuesday.
Economists forecast a big increase in consumer spendingWhat’s happening: The monthly retail sales report for November is scheduled for release on Friday, December 13.
Small business owners may feel more optimisticWhat’s happening: A monthly report that measures confidence among small business o
Retail sales, small business sentiment, and other news affecting your money in the week ahead Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: anna-louise jackson
Keywords: news, cnbc, companies, traders, small, week, sentiment, business, affecting, owners, ahead, report, money, economy, retail, trade, sales


Retail sales, small business sentiment, and other news affecting your money in the week ahead

The record-busting rally in the U.S. stock market has taken a pause. After major benchmarks set several all-time highs in December, the S&P 500 fell nearly 2% in three days before recovering to end the week higher. Experts say trade remains “the biggest risk out there” for the stock market right now, and that’s likely to create some choppiness in the weeks ahead. That’s because there’s a December 15 deadline looming for China and the U.S. to reach a trade deal before additional U.S. tariffs on Chinese goods take effect. The coming week is likely to be busy. House Speaker Nancy Pelosi on Thursday directed the House committees investigating President Donald Trump to proceed with articles of impeachment, and the Judiciary committee is scheduled to hold a hearing Monday morning on the evidence gathered in the inquiry. The Federal Reserve also will meet for its eighth and final time this year on Tuesday and Wednesday. While surprises on either front could rattle traders, pros point out that even big news can be “a nonissue for the market.” Wall Street will be monitoring the all-important retail sales report due on Friday, especially as the holidays draw near. And a monthly survey of small business owners is scheduled for release on Tuesday. Here’s what to watch in the stock market during the week ahead — and how the news could affect your bottom line.

Economists forecast a big increase in consumer spending

What’s happening: The monthly retail sales report for November is scheduled for release on Friday, December 13. This details how much American consumers spent on things like clothing and food. Economists currently forecast the biggest month-over-month increase in spending since August. Last month’s report showed that retail sales rebounded after falling in September, though Americans cut back on buying big-ticket household items. Meanwhile, economists project that another report due Wednesday will show that average hourly earnings ticked up slightly in November. Why it matters: American consumers have been very resilient this year, even amid signs of slowing in the broader economy. Reports in the past week showed that sentiment improved to the second-best number 2019 and consumers are borrowing more money via revolving credit, like credit cards, at rates not seen since July. Traders on Wall Street track the monthly retail sales report closely because consumer spending accounts for more than two-thirds of U.S. economic growth. What it means for you: Perhaps you haven’t made any changes to your shopping habits, but what your neighbors do matters to the overall economy. What’s more, there are less than three weeks until Christmas and the start of Hanukkah — and spending during the all-important holiday shopping season accounts for about 20% of annual retail sales each year, according to the National Retail Federation.

Small business owners may feel more optimistic

What’s happening: A monthly report that measures confidence among small business owners is scheduled for release on Tuesday by the National Federation of Independent Business. This survey looks at 10 different components, like whether business owners plan to hire more workers or spend more money, and how they feel about the economy. Why it matters: Businesses with fewer than 500 workers account for almost half of private sector employment, so traders closely monitor how these business owners feel. A separate poll last week found that optimism about the future of U.S. trade policy helped lift confidence among small business owners, according to the fourth-quarter 2019 CNBC/SurveyMonkey Small Business Survey. Trade has been key to the rebound in sentiment among business owners, so there’s also a risk if China and the U.S. can’t reach a deal before additional tariffs take effect. That means traders will be keen to see if there are any clues about future readings, especially because sentiment this year has been lower, on average, than either 2017 or 2018. What it means for you: Even if you don’t work for a small business, chances are you know someone who does. Hiring plans are good to track because they reveal important clues about the overall health of the U.S. economy. If employers pull back on adding workers to their payrolls, that may make it more difficult for job seekers to find a new position. Last month’s broader jobs report showed that employers added 266,000 jobs, the most since January. The U.S. economy is nearing full employment, meaning almost everyone willing and able to work can. And it’s generally been a good year for workers.

The bottom line


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: anna-louise jackson
Keywords: news, cnbc, companies, traders, small, week, sentiment, business, affecting, owners, ahead, report, money, economy, retail, trade, sales


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‘Give gifts of money’ this holiday season, says etiquette expert

The best way to give a gift is to give people what they want, not what you think they should have, says Elaine Swann, an etiquette expert. Across all generations, money for personal spending is the No. 1 present when ranked against tangible gifts, experiences, and money for bills or experiences, according to the Zelle study, but younger people are on record as being the most excited. “Millennials have definitely changed the landscape in terms of the way we give gifts now,” says Swann. Here are s


The best way to give a gift is to give people what they want, not what you think they should have, says Elaine Swann, an etiquette expert.
Across all generations, money for personal spending is the No.
1 present when ranked against tangible gifts, experiences, and money for bills or experiences, according to the Zelle study, but younger people are on record as being the most excited.
“Millennials have definitely changed the landscape in terms of the way we give gifts now,” says Swann.
Here are s
‘Give gifts of money’ this holiday season, says etiquette expert Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: ivana pino
Keywords: news, cnbc, companies, holiday, way, prefer, perfect, spending, gifts, zelle, expert, etiquette, money, gift, season, personal, experiences


'Give gifts of money' this holiday season, says etiquette expert

During the holidays, you might feel extra pressure to shop for the perfect gift for each of your friends and family members, but if what you really want to do is skip the shopping trip and send them cash, that’s perfectly acceptable. In fact, your recipient might well prefer it.

About two-thirds of people say that they prefer the gift of money to pay for experiences, bills, or personal spending, according to a 2019 online survey of U.S. adults conducted by Early Warning Services, LLC, the network operator behind the Zelle payments network.

While giving money seems impersonal, it can be the greatest gift of all for those who need cash to cover their expenses, or for those whose idea of the perfect gift is the freedom to treat themselves.

The best way to give a gift is to give people what they want, not what you think they should have, says Elaine Swann, an etiquette expert. That can mean sending them money so that they can choose how they want to spend it.

Giving the gift of money is becoming more widely accepted, too: “It used to be a taboo thing to give money or ask for it, but it’s now becoming part of our society to give gifts of money and then to graciously accept those gifts as well,” says Swann.

Across all generations, money for personal spending is the No. 1 present when ranked against tangible gifts, experiences, and money for bills or experiences, according to the Zelle study, but younger people are on record as being the most excited. “Millennials have definitely changed the landscape in terms of the way we give gifts now,” says Swann.

Here are some guidelines for graciously giving the gift of money over the holiday season.


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: ivana pino
Keywords: news, cnbc, companies, holiday, way, prefer, perfect, spending, gifts, zelle, expert, etiquette, money, gift, season, personal, experiences


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Trump thanks Iran for releasing American grad student: ‘We can make deal’

Wang was released in Switzerland in exchange for Iranian citizen Massoud Soleimani, who was being held in an Atlanta jail over charges of violating American trade sanctions against Iran. Wang was among at least four other Americans being held in Iran. The swap comes amid growing tensions between Iran and the U.S. and massive protests in Iran. Trump has placed significant economic sanctions on Iran and withdrew from the Obama-era Iran nuclear deal. The White House confirmed the trade on Saturday


Wang was released in Switzerland in exchange for Iranian citizen Massoud Soleimani, who was being held in an Atlanta jail over charges of violating American trade sanctions against Iran.
Wang was among at least four other Americans being held in Iran.
The swap comes amid growing tensions between Iran and the U.S. and massive protests in Iran.
Trump has placed significant economic sanctions on Iran and withdrew from the Obama-era Iran nuclear deal.
The White House confirmed the trade on Saturday
Trump thanks Iran for releasing American grad student: ‘We can make deal’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: emma newburger
Keywords: news, cnbc, companies, administration, trade, releasing, student, trump, deal, white, thanks, held, wang, grad, twitter, american, iran


Trump thanks Iran for releasing American grad student: 'We can make deal'

U.S. President Donald Trump hosts a roundtable discussion with small business owners and members of his administration in the Roosevelt Room at the White House December 06, 2019 in Washington, DC.

President Donald Trump on Saturday thanked Iran for releasing an American graduate student who had been imprisoned in Tehran for over three years on charges of espionage in exchange for a prisoner held in the U.S.

“Taken during the Obama Administration (despite $150 Billion gift), returned during the Trump Administration,” the president wrote on Twitter. “Thank you to Iran on a very fair negotiation. See, we can make a deal together!”

Xiyue Wang, 38, was a Princeton University doctoral student doing research in Iran when he was arrested there in August 2016 and sentenced to 10 years in prison over suspicion of being a spy.

U.S. officials have repeatedly denied that Wang, who was held in Evin Prison on two counts of espionage, was a spy.

Wang was released in Switzerland in exchange for Iranian citizen Massoud Soleimani, who was being held in an Atlanta jail over charges of violating American trade sanctions against Iran. Soleimani was expected to be released as early as January under a plea agreement.

Wang was among at least four other Americans being held in Iran.

The swap comes amid growing tensions between Iran and the U.S. and massive protests in Iran. Trump has placed significant economic sanctions on Iran and withdrew from the Obama-era Iran nuclear deal.

The protests erupted across Iran in November in response to a 50% increase in gas prices. U.S. officials believe the demonstrations have left as many as 1,000 people dead and 7,000 imprisoned, drawing widespread global criticism.

Secretary of State Mike Pompeo said Saturday that “The United States will not rest until we bring every American detained in Iran and around the world back home to their loved ones.”

The White House confirmed the trade on Saturday with a statement from Trump, and Iran’s foreign minister, Mohammad Javad Zarif, also confirmed the deal on twitter.


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: emma newburger
Keywords: news, cnbc, companies, administration, trade, releasing, student, trump, deal, white, thanks, held, wang, grad, twitter, american, iran


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As the cost of dying rises, more families try crowdfunding for funerals

RubberBall Productions | Brand X Pictures | Getty ImagesAt 2 a.m. on Oct. 17, Helen Ramos tried to wake up her son, Michael Bowen. Neither his four older siblings nor his parents had enough savings to come up with the $10,000 it would cost for a funeral and burial at Keenan Funeral Home in West Haven, Connecticut. Michael Bowen Source: Tina MiddaughWe have turned what is an important event in family life into a commodity. Joshua Slocum executive director of the Funeral Consumers AlliancePhilip A


RubberBall Productions | Brand X Pictures | Getty ImagesAt 2 a.m. on Oct. 17, Helen Ramos tried to wake up her son, Michael Bowen.
Neither his four older siblings nor his parents had enough savings to come up with the $10,000 it would cost for a funeral and burial at Keenan Funeral Home in West Haven, Connecticut.
Michael Bowen Source: Tina MiddaughWe have turned what is an important event in family life into a commodity.
Joshua Slocum executive director of the Funeral Consumers AlliancePhilip A
As the cost of dying rises, more families try crowdfunding for funerals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: annie nova
Keywords: news, cnbc, companies, dying, try, funerals, families, cost, funeral, bowen, crowdfunding, ramos, keenan, west, turned, director, family, way, slocum, rises


As the cost of dying rises, more families try crowdfunding for funerals

RubberBall Productions | Brand X Pictures | Getty Images

At 2 a.m. on Oct. 17, Helen Ramos tried to wake up her son, Michael Bowen. Something about the 37-year-old looked strange. Ramos, 65, uses a wheelchair, and running errands can be a struggle. The day before, Bowen had gone grocery shopping for her. Later, Ramos pleaded with him to spend the night at her house in Milford, Connecticut. It was raining heavily and she wanted him to be safe, but now she couldn’t get him to rise. Bowen had died in his sleep, from either medical or drug complications. He had suffered from drug addiction since he was 13. Bowen’s death threw his family into grief — and a financial problem. Neither his four older siblings nor his parents had enough savings to come up with the $10,000 it would cost for a funeral and burial at Keenan Funeral Home in West Haven, Connecticut.

Michael Bowen Source: Tina Middaugh

We have turned what is an important event in family life into a commodity. Is this really the way we want things to be? Joshua Slocum executive director of the Funeral Consumers Alliance

Philip Appell, a funeral director at Keenan, said he expects to use the platform more often with his customers. “A lot of families here go paycheck to paycheck,” Appell said. The fact that grieving family members need to turn to crowdfunding is a sign of a larger societal problem, said Joshua Slocum, executive director of the Funeral Consumers Alliance, a nonprofit that promotes price transparency. “We have turned what is an important event in family life into a commodity that we can’t experience unless we purchase it from a vendor,” Slocum said. “Is this really the way we want things to be?”

Keenan Funeral Home in West Haven, CT Source: Keenan Funeral Home


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: annie nova
Keywords: news, cnbc, companies, dying, try, funerals, families, cost, funeral, bowen, crowdfunding, ramos, keenan, west, turned, director, family, way, slocum, rises


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It’s possible the US economy is not ‘late cycle’ but rather just recharging

The idea that we are late in the economic and financial-market cycle is one that even most Wall Street bulls won’t dispute. Huge parts of the economy have run out of sync, at separate speeds. What about the yield curve? Whatever the answers, Jason Hunter, technical strategist at JP Morgan, notes that stocks have tended to have some of their strongest runs after an inversion, late in a cycle. “The longer-term bull cycles persisted for nearly two years after the initial [Treasury] curve inversion


The idea that we are late in the economic and financial-market cycle is one that even most Wall Street bulls won’t dispute.
Huge parts of the economy have run out of sync, at separate speeds.
What about the yield curve?
Whatever the answers, Jason Hunter, technical strategist at JP Morgan, notes that stocks have tended to have some of their strongest runs after an inversion, late in a cycle.
“The longer-term bull cycles persisted for nearly two years after the initial [Treasury] curve inversion
It’s possible the US economy is not ‘late cycle’ but rather just recharging Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: michael santoli
Keywords: news, cnbc, companies, curve, economy, late, fed, cycles, cycle, past, levels, recharging, inversion, possible, yield, treasury


It's possible the US economy is not 'late cycle' but rather just recharging

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) The idea that we are late in the economic and financial-market cycle is one that even most Wall Street bulls won’t dispute. After all, when the economic expansion surpasses a decade to become the longest ever and the S&P 500 has delivered a compounded return of nearly 18% a year since March 2009, how can the cycle not be considered pretty mature? Yet it’s not quite that simple. Huge parts of the economy have run out of sync, at separate speeds. Some indicators have a decidedly “good as it gets” look, others retain a mid-cycle profile — and a few even resemble early parts of a recovery than the end. Friday’s unexpectedly strong November job gain above 200,000 reflects this debate, suggesting we are not at “full employment” even this deep into an expansion. And the market itself has stalled and retrenched several times along the way, keeping risk appetites tethered and purging or preventing excesses. In the “late-cycle” category we find several broad, trending data readings: Unemployment rate and jobless claims at a 50-year low; consumer confidence hit a cycle peak and has flattened out; and the broad index of leading economic indicators has slipped from very high levels. Auto sales peaked a few years ago. Corporate debt levels are near extremes, profit margins have retreated from historic highs and equity valuations are certainly full and in line with the latter phases of prior bull markets. But corporate-credit conditions are sturdy, and households have simply not loaded up on debt this cycle, in a long period of enforced and then voluntary sobriety after the massive credit boom and bust that culminated in 2008. This leaves consumers in good shape. And the housing market, a drag on growth for years after the crash, has now perked up and is feeding off supply-demand dynamics that are more typical of an early-cycle environment.

What about the yield curve?

The summertime inversion of the Treasury yield curve — in which longer-term bond yields slip below short-term rates after the Federal Reserve has been tightening policy for a while — crystallized the debate on the cycle’s effective age. Such an inversion, in the past, has started the countdown to a recession — but sometimes with a lag as long as two years. This indicator has been translated into a recession-probability gauge one year ahead by the New York Fed. Source: New York Fed It has turned lower since late summer as the yield curve has returned to its “normal” shape, but only in the 1960s has it ever climbed above 30% and fallen back to tame levels well ahead of any recession. Have there even been enough cycles for this pattern to qualify as a statistically reliable “rule?” Do the extremely low absolute level of rates now (similar to the ’60s) change the interpretation? Was the inversion too shallow and short-lived to serve as a proper signal? Whatever the answers, Jason Hunter, technical strategist at JP Morgan, notes that stocks have tended to have some of their strongest runs after an inversion, late in a cycle. “The longer-term bull cycles persisted for nearly two years after the initial [Treasury] curve inversion during the past three business cycles, with the majority of the late-cycle rally acceleration phases unfolding within the year after curve inversion.” The S&P on average has gained more than 20% over less than two years in the past four episodes before peaking. One way to view the summer tumult is as the third severe “growth scare” of this expansion, following those of 2011-12 and 2015-16. Both brought with them nasty 15-20% equity downturns, new lows in Treasury yields and forced central banks to become more accommodative. The Fed has referred to its shift from rate-hiking last year to three cuts this year as a “mid-cycle adjustment,” which would leave it on hold for now and summons happy memories of prior such Fed-enabled “soft landings.”

‘Still upside’ for stocks


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: michael santoli
Keywords: news, cnbc, companies, curve, economy, late, fed, cycles, cycle, past, levels, recharging, inversion, possible, yield, treasury


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Buy a Monet instead of a Treasury? Art has shown long-term returns that rival bonds

Astronomical auction prices may have defined the art market in recent years, but new research shows that over the long-term the value of art has steadily climbed, delivering returns relatively in-line with bonds. Impressionist art averaged 5.0%, while the art market as a whole returned 5.3% annually. Chesnot | Getty ImagesIn 2018 the art market hit $67.4 billion, according to estimates from UBS, which was the second highest on record. “Periods of falling and/or low real rates have coincided with


Astronomical auction prices may have defined the art market in recent years, but new research shows that over the long-term the value of art has steadily climbed, delivering returns relatively in-line with bonds.
Impressionist art averaged 5.0%, while the art market as a whole returned 5.3% annually.
Chesnot | Getty ImagesIn 2018 the art market hit $67.4 billion, according to estimates from UBS, which was the second highest on record.
“Periods of falling and/or low real rates have coincided with
Buy a Monet instead of a Treasury? Art has shown long-term returns that rival bonds Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: pippa stevens
Keywords: news, cnbc, companies, art, longterm, returns, market, return, investors, returned, prices, bonds, monet, shown, rival, buy, citi, firm, works, instead, treasury


Buy a Monet instead of a Treasury? Art has shown long-term returns that rival bonds

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Astronomical auction prices may have defined the art market in recent years, but new research shows that over the long-term the value of art has steadily climbed, delivering returns relatively in-line with bonds. Since 1985 contemporary art has been the best bet for investors of the asset class, returning an average of 7.5% per year, Citi said in a report using data from Masterworks.io. Impressionist art averaged 5.0%, while the art market as a whole returned 5.3% annually. Art can be a wildly volatile market — among other things it’s subject to the whim of consumer tastes — but Citi said that it’s becoming an increasingly popular way for investors to diversify their portfolio since art’s return isn’t correlated with any other major asset class. In other words, its performance is independent of strength or weakness in various areas of the market. This is “art’s most attractive investment quality over the long run,” Citi said.

Visitors look at a painting entitled ‘Salvator Mundi’ by School of Leonardo da Vinci during a press visit of the exhibition “Leonardo da Vinci” at the Louvre museum on October 22, 2019 in Paris, France. The painting sold at auction by Christie’s for over $450 million on November 15, 2017. Chesnot | Getty Images

In 2018 the art market hit $67.4 billion, according to estimates from UBS, which was the second highest on record. In May one of Monet’s haystacks went for $110.7 million, and Picasso’s “Young Girl with a Flower Basket” and a Modigliani painting of a reclining nude woman were among the works to top $100 million at auction in 2018. Perhaps most famously, Leonardo da Vinci’s “Salvator Mundi” sold for a record $450.3 million in 2017. While these numbers are attention grabbing, there’s also a robust market at much lower prices. Citi found that works under $50,000 actually offer “the best performing price point from both a return and a risk per unit of return basis,” adding that “there is no disadvantage from a return perspective to having a small purse.”

Art offers similar returns to fixed income

Using data from Masterworks.io, which tracks auction sales from Sotheby’s, Christie’s and Phillips, Citi found that between 1985 and 2018 the art market as a whole has returned an average of 5.3% annually. Contemporary art has been the top performer, returning an average of 7.4% annually, while art from the Impressionist period has returned 5%. The return on art most closely matches that of fixed income. In the same time frame investment grade bonds from developed countries returned 6.5%, while global high yield bonds returned 8.1%, Citi said. Developed-market equities and private equity returns 9.8% and 13.9%, respectively. Citi said that the relative outperformance of post-war and contemporary art is likely because it currently “commands the largest share of annual transaction volume,” and “appears to attract the most demand from new entrants to the market.” The firm also found that art typically does better when interest rates are low since the opportunity cost — or the higher that investors might otherwise be getting from fixed income — goes down. “While the relationship has been far from perfect, art prices have tended to move in line with broad shifts in real interest rates,” the firm said. “Periods of falling and/or low real rates have coincided with rising art prices.” After crunching the numbers from 13,000 works of art sold since July of 2016, the firm found a few key takeaways, including that holding art for longer typically lowers the risk of future returns, and that higher returns are typically given to more liquid artists. “Art has proven to be an excellent store of wealth over all time periods, easily exceeding inflation,” the firm said. Overall, the firm said that art has been “an excellent store of wealth over all time periods” since it easily exceeds inflation.

Traction with technology

A lack of transparency around sales has been a longstanding hurdle for the art market, but Citi said that could be about to change thanks to technological advancements like blockchain. “Digital technologies such as blockchain could help automate vital processes, including establishing authenticity and performing valuations, as well as enabling sharebased investment in individual works and collections,” the firm said. “More transparent pricing, more readily available data on sales, greater market liquidity, and lower transaction costs could result. If realized, such efficiencies would make the art market more attractive for collectors and investors alike.” This is especially important as baby boomers prepare to pass an estimated $68 trillion to their children in the United States alone. Millennials and Generation X care more about how their money is being used, Citi said, so blockchain technology could be an important way for users trace and set up protocols for their donations, for example.

“With the potential for technology to enhance the world of art over the coming years, we believe that art’s existing appeal to collectors and investors could increase further,” Citi said.

Returns, but not without risk


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: pippa stevens
Keywords: news, cnbc, companies, art, longterm, returns, market, return, investors, returned, prices, bonds, monet, shown, rival, buy, citi, firm, works, instead, treasury


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Here are some of the best analyst calls of the week on Wall Street including PayPal, WWE

Here are some of the best analyst calls on Wall Street this week:MKM – World Wrestling Entertainment, buy ratingMKM reiterated its buy rating on World Wrestling Entertainment this week. The analyst said the company has the “best multi-year growth potential” within the firm’s media and entertainment universe. “A series of meetings we hosted last week with WWE management reinforced our view the company has the best multi-year growth potential within our Media & Entertainment universe. “We also exp


Here are some of the best analyst calls on Wall Street this week:MKM – World Wrestling Entertainment, buy ratingMKM reiterated its buy rating on World Wrestling Entertainment this week.
The analyst said the company has the “best multi-year growth potential” within the firm’s media and entertainment universe.
“A series of meetings we hosted last week with WWE management reinforced our view the company has the best multi-year growth potential within our Media & Entertainment universe.
“We also exp
Here are some of the best analyst calls of the week on Wall Street including PayPal, WWE Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: michael bloom
Keywords: news, cnbc, companies, company, including, paypal, sales, best, entertainment, mondelez, growth, wall, week, online, wwe, street, analyst, amazon, calls


Here are some of the best analyst calls of the week on Wall Street including PayPal, WWE

World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 Ethan Miller | Getty Images Entertainment | Getty Images

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) Here are some of the best analyst calls on Wall Street this week:

MKM – World Wrestling Entertainment, buy rating

MKM reiterated its buy rating on World Wrestling Entertainment this week. The analyst said the company has the “best multi-year growth potential” within the firm’s media and entertainment universe. The company is also armed with a brand new television contract and international deals, which the firm expects to lead to accelerated subscriber growth. “A series of meetings we hosted last week with WWE management reinforced our view the company has the best multi-year growth potential within our Media & Entertainment universe. WWE is at a financial inflection point with its new, five-year domestic TV rights contract for Raw and Smackdown having commenced this quarter and its largest international deals beginning in 1Q20. Furthermore, the WWE Network is repositioned for a reacceleration in subscriber growth as a result of multiple new initiatives planned over the coming year. … 2020-2024 has multiple catalysts with sizable potential.”

Cowen – AstraZeneca, outperform & top pick for 2020

Cowen named AstraZeneca a top pick for 2020 this week and said the multinational pharmaceutical company has all the “attributes” need to be a “top” performer next year. In addition, the analyst says the company has “low relative exposure” to the U.S. and is “less vulnerable” to election rhetoric. The firm also said the company has “opportunity for upside” and many “promising” new products in the pipeline. “AZN product momentum and high relative growth are not unrecognized. However, drug stocks with these characteristics can outperform for extended periods as management executes, and there is opportunity for upside as forecasts are below AZN guidance/ambitions. Low relative exposure to U.S. makes AZN less vulnerable to election rhetoric. These attributes should drive AZN to top performance in 2020.”

Craig-Hallum- PayPal, buy rating

PayPal is aiding retailers that are making the necessary technology investment to help better compete against Amazon, according to Craig-Hallum. While the analyst says Amazon is still the dominant online retailer he also said that the e-commerce giant doesn’t have the “lock” on online sales that is often believed. The analyst also points out that according to reports, Walmart and Target are growing faster in eCommerce this year than Amazon. Craig-Hallum said PayPal can take advantage of the fact that non-Amazon retailers’ accept the company’s payment while Amazon doesn’t. “We also expect PayPal to benefit from non-Amazon retailers’ significant investment in online sales and digitally originated sales capabilities that more effectively compete against Amazon than in years past. This year we have seen WMT and TGT both growing their e-Commerce sales growing significantly faster than Amazon’s 1st party sales. A number of sources have shown online social media mentions putting BBY, WMT and TGT right in the mix with AMZN and retail experts noting they are well positioned. We believe that not all investors fully appreciate that increased disclosures by Amazon this year caused online sales market share estimates to be revised to 38% from 47% by eMarketer. While still the dominant online retailer, Amazon does not have the lock on online sales that is often perceived.”

Bernstein – Mondelez, outperform rating

Bernstein laid out it’s “Blue-Sky” scenario for Mondelez in a note to clients this week. The firm called the multinational food and beverage holding company a “solid standalone” investment and said it sees a $78 stock in three years. Bernstein said the company has a large exposure to the “faster-growing” snacking category and also believes a merger with Pepsi’s snack business would be a winning combination. “Mondelez represents a solid standalone investment. With ~80% exposure to the faster-growing snacking category and close to 40% of sales in emerging markets, Mondelez has the potential to grow the top-line at ~4% based on its category and geographic exposures. Meanwhile, adding deal-making to the equation could represent additional upside for Mondelez. Should Mondelez’s sales momentum taper off as it faces tougher comps in FY20, this could attract renewed interest from activist investors, who may push for a combination of Mondelez and Pepsi’s snack business to unlock additional value for shareholders.”

Canaccord Genuity – Penumbra, buy rating


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: michael bloom
Keywords: news, cnbc, companies, company, including, paypal, sales, best, entertainment, mondelez, growth, wall, week, online, wwe, street, analyst, amazon, calls


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This simple visual tool can help you set financial goals you’ll actually achieve in 2020

Kumiko Love, founder of financial advice website The Budget Mom, knows this well. Within eight months of getting serious about eliminating her debt, Love, who’s a single mom to a 6-year-old son, paid off $77,281. Source: The Budget Mom “Having a reminder, something you can see every day, helps me stay motivated,” Love tells CNBC Make It. Any time you experience a major life change, your financial goals should be reevaluated. “Any time you experience a major life change, your financial goals shou


Kumiko Love, founder of financial advice website The Budget Mom, knows this well.
Within eight months of getting serious about eliminating her debt, Love, who’s a single mom to a 6-year-old son, paid off $77,281.
Source: The Budget Mom “Having a reminder, something you can see every day, helps me stay motivated,” Love tells CNBC Make It.
Any time you experience a major life change, your financial goals should be reevaluated.
“Any time you experience a major life change, your financial goals shou
This simple visual tool can help you set financial goals you’ll actually achieve in 2020 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: anna hecht
Keywords: news, cnbc, companies, simple, set, visual, tool, debt, financial, budget, writing, youll, love, youve, achieve, mom, goal, actually, help, goals, steps


This simple visual tool can help you set financial goals you'll actually achieve in 2020

When it comes to reaching your financial goals, there’s real merit to writing everything down, from your total debt to your budgeting plan to your spending patterns. Kumiko Love, founder of financial advice website The Budget Mom, knows this well. Within eight months of getting serious about eliminating her debt, Love, who’s a single mom to a 6-year-old son, paid off $77,281. She declared herself completely debt-free in January 2019. Through her blog turned full-time business, Love publicly documented her own debt journey using color-coded charts, worksheets and calendars to track and display her progress. Now, she employs these same visual tools to teach her followers money tips and tricks.

The Budget Mom

One visual tool Love recommends is her three-part “Budget Blueprint Goal Worksheet,” which allows you to record and organize your financial aspirations, such as building up an emergency savings, paying off student loans or making a big purchase, for the upcoming year, the next five years and 10 to 15 years down the line. Source: The Budget Mom “Having a reminder, something you can see every day, helps me stay motivated,” Love tells CNBC Make It. “Writing it down and creating action steps on how to achieve them turns your wants into reality. All of a sudden, you know exactly where to spend your money and why.” Follow these three steps to set actionable — and achievable — money goals for the new year.

1. Think about what’s important to you

Prior to writing anything down, Love says to first think about what is important to you. Do you want to buy a new car or house? Do you want to pay off all of your credit card debt? Maybe you simply want to take a vacation next year. Whatever it is, think about the aspirations you have, no matter how big or small, which will require financial planning in order to accomplish.

Any time you experience a major life change, your financial goals should be reevaluated. Kumiko Love Founder of The Budget Mom

2. Create step-by-step strategies

Next, get your goals down on paper. You can tackle your short-term or long-term goals in any order, but make sure you’re detailed when writing down what you want and how you’ll make it happen. “A goal isn’t a reality until you can write down action steps on how you are going to achieve it. Until then, they are just intentions,” Love said. “For each goal, I want you to write down specific actions steps.” If she were tackling the short-term goal of paying off debt, Love would write something along the lines of: “Pay off debt by tackling my student loans first. I will put $500 monthly towards my student loans for the next 24 months.” As you’re working, ask yourself these three questions: Are my goals specific? Are they measurable? Are they achievable?

3. Reflect on what you’ve written

Once you’ve filled out all three parts of the worksheet, reflect on what you’ve written. Taking a moment to read them over once more allows you more time to make sure you’re satisfied with your goals and to let them sink in. And to motivate yourself to follow through, hang it somewhere around the house where you can see and revisit your goals as regularly as possible. Remember, this worksheet isn’t meant to be set aside once you’ve completed it. You should revisit this sheet periodically, Love said. “Any time you experience a major life change, your financial goals should be reevaluated.”

The new year is the perfect time to start making solid financial solutions that can lead to lasting change in your life. Kumiko Love Founder of The Budget Mom


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: anna hecht
Keywords: news, cnbc, companies, simple, set, visual, tool, debt, financial, budget, writing, youll, love, youve, achieve, mom, goal, actually, help, goals, steps


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Automakers investing billions in partnerships as industry races toward autonomous and electric vehicles

GMDETROIT – General Motors’ $2.3 billion joint venture with LG Chem for production of battery cells for electric vehicles is “more than a collaboration,” it’s a necessity in today’s rapidly changing automotive industry. “To invest in these electric vehicles and CASE (connected, autonomous, shared, electric vehicles) in general, you’re taking one years’ worth of investment out of every five out of the picture,” Wakefield said. AlixPartners reports the number of automaker partnerships increased 43


GMDETROIT – General Motors’ $2.3 billion joint venture with LG Chem for production of battery cells for electric vehicles is “more than a collaboration,” it’s a necessity in today’s rapidly changing automotive industry.
“To invest in these electric vehicles and CASE (connected, autonomous, shared, electric vehicles) in general, you’re taking one years’ worth of investment out of every five out of the picture,” Wakefield said.
AlixPartners reports the number of automaker partnerships increased 43
Automakers investing billions in partnerships as industry races toward autonomous and electric vehicles Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: michael wayland
Keywords: news, cnbc, companies, electric, billions, automakers, joint, billion, partnerships, venture, ford, vehicles, autonomous, ceo, races, investing, industry


Automakers investing billions in partnerships as industry races toward autonomous and electric vehicles

GM CEO and Chairman Mary Barra and LG Chem Vice Chairman and CEO Hak-Cheol Shin at the automaker’s battery lab in Warren, Mich., where the companies announced a new $2.6-billion joint venture on Dec. 5, 2019. GM

DETROIT – General Motors’ $2.3 billion joint venture with LG Chem for production of battery cells for electric vehicles is “more than a collaboration,” it’s a necessity in today’s rapidly changing automotive industry. The announced joint venture between America’s largest automaker and the South Korean chemical giant adds to a growing list of tie-ups for the auto industry as companies attempt to share in the monumental costs of electric and autonomous vehicles. Automakers such as GM are annually spending billions on the emerging technologies in an attempt to gain an upper hand on the potential multitrillion-dollar businesses, which many believe will transform transportation as we know it and assist in lowering global carbon emissions. But, for the moment, remain unprofitable. Mark Wakefield, global co-leader of the automotive and industrial practice at AlixPartners and a managing director at the firm, said the “tricky balance” of investing in new technologies while keeping traditional business operations profitable is one of the main drivers for the uptick in auto industry partnerships. “All these things take this tremendous investment and aren’t going to pay off with a top-end profit next year or the year after or the year after that,” he told CNBC on Friday. “But they are somewhat existential if you want to be in the game 10 years from now. That’s where partnerships come into play.” A report by AlixPartners earlier this year estimated the industry’s annual spending on autonomous driving and electric vehicles will reach a cumulative $85 billion by 2025 and $225 billion by 2023, respectively.

The capital being spent on electric vehicles alone is roughly equal to the massive amount that all automakers globally combined spend on capital expenditures and research and development in a year, according to the firm. “To invest in these electric vehicles and CASE (connected, autonomous, shared, electric vehicles) in general, you’re taking one years’ worth of investment out of every five out of the picture,” Wakefield said. “That’s an extraordinary amount to take out and keep the trains running on time of your vehicle programs and traditional business.”

Billions in tie-ups

Some of the most prominent collaborations this year have been between automakers and tech companies, however many have been automakers deciding to share costs with traditional competitors. The largest announcement thus far this year is the planned merger between Fiat Chrysler and French automaker PSA Group. It would create the fourth-largest automaker by sales in the world with a roughly $50 billion valuation. Fiat Chrysler CEO Mike Manley described it as a “potentially industry-changing combination,” while PSA CEO Carlos Tavares said the “convergence brings significant value to all the stakeholders and opens a bright future for the combined entity,” including autonomous and electric vehicles. Major non-merger deals included: Hyundai Motor and auto supplier Aptiv creating a $4 billion autonomous vehicle joint venture; Volkswagen agreeing to invest $2.6 billion in Ford Motor-backed autonomous vehicle startup Argo AI as part of a global alliance; Amazon, Ford and others investing hundreds of millions in startup EV manufacturer Rivian; and German automakers Daimler and BMW jointly investing more than $1 billion in mobility services.

Jim Hackett (r), CEO of Ford, and Herbert Diess, CEO of VW, at the Detroit auto show last January. Boris Roessler | picture alliance | Getty Images

“These companies, especially on the autonomous side, they’re finding it’s harder to develop this stuff than they thought it was going to be, so they’re teaming up to spread those costs and share the expertise that they have across a broader range of vehicles to try and get some scale,” said Sam Abuelsamid, principal research analyst at Navigant and an engineer. AlixPartners reports the number of automaker partnerships increased 43% from 2017 to 2018 to 543, led by a 122% increase in autonomous vehicles tie-ups to 115. The partnerships are separate from mergers and acquisitions, which AlixPartners said were “down a bit” last year from 2017. However, the firm reports the portion of closed deals last year related to connected, autonomous, shared, electric vehicles rose five percentage points to 55%, worth $21 billion, in 2018. Other high-profile deals this year included: Toyota Motor taking a 4.9% stake, valued at more than $900 million, in Suzuki; Ford creating a $275 million joint venture with Mumbai-based Mahindra & Mahindra; and Honda Motor and Hitachi announcing plans to combine car parts businesses to create a $17 billion components supplier. In September, Toyota announced plans to raise its stake in Subaru from 17% to more than 20%, expanding their partnership to invest more efficiently in new technologies.

Seeking profits

Executives from several automakers, including GM and Ford, have said their next-generation electric vehicles will be profitable — a challenge the industry has faced for nearly a decade. “For competitive reasons and also for regulatory reasons, everybody has to have EVs in their lineup. The challenge is selling them profitability,” Abuelsamid said. “That’s something everybody has struggled to do so far.” GM CEO Mary Barra on Thursday confirmed the joint venture with LG Chem will assist in the company’s plans for profitable electric vehicles, which are expected to begin rolling out in 2021. “The new facility will help us scale production and dramatically enhance EV profitability and affordability,” she told reporters when announcing the joint-venture with LG Chem. “Ours is a long-lead industry and having accelerated our product planning and production processes, we will develop a greater range of EV options that truly alter our product portfolio.”


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: michael wayland
Keywords: news, cnbc, companies, electric, billions, automakers, joint, billion, partnerships, venture, ford, vehicles, autonomous, ceo, races, investing, industry


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