Here are the biggest analyst calls of the day: Hewlett Packard, Nike, L Brands & more

Raymond James said in its upgrade that the company has a “strong” balance sheet and a dividend that continues to increase. “Recognizing that we do not live in a vacuum, we acknowledge that China tariffs and potential recession worries combine to frighten some to the sidelines. Accordingly, we are using our less-than- strongest rating, not for lack of conviction, but on the supposition that investors may need to be patient while the market comes to recognize LZB’s value. That said, La-Z-Boy’s bal


Raymond James said in its upgrade that the company has a “strong” balance sheet and a dividend that continues to increase. “Recognizing that we do not live in a vacuum, we acknowledge that China tariffs and potential recession worries combine to frighten some to the sidelines. Accordingly, we are using our less-than- strongest rating, not for lack of conviction, but on the supposition that investors may need to be patient while the market comes to recognize LZB’s value. That said, La-Z-Boy’s bal
Here are the biggest analyst calls of the day: Hewlett Packard, Nike, L Brands & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: michael bloom
Keywords: news, cnbc, companies, balance, vacuum, packard, analyst, value, upgrade, nike, day, dividend, worries, brands, sheet, calls, weeks, hewlett, biggest, strong, using


Here are the biggest analyst calls of the day: Hewlett Packard, Nike, L Brands & more

Raymond James said in its upgrade that the company has a “strong” balance sheet and a dividend that continues to increase.

“Recognizing that we do not live in a vacuum, we acknowledge that China tariffs and potential recession worries combine to frighten some to the sidelines. Accordingly, we are using our less-than- strongest rating, not for lack of conviction, but on the supposition that investors may need to be patient while the market comes to recognize LZB’s value. That said, La-Z-Boy’s balance sheet is strong with no funded debt and the dividend has increased each year since 2013. In addition, the host of retail earnings over the last two weeks seem to point to a healthy U.S. consumer. “


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: michael bloom
Keywords: news, cnbc, companies, balance, vacuum, packard, analyst, value, upgrade, nike, day, dividend, worries, brands, sheet, calls, weeks, hewlett, biggest, strong, using


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Larry Kudlow says there could be a tax cut before Election Day

Top White House economic advisor Larry Kudlow said Thursday that President Donald Trump could put forward a tax cut before the 2020 presidential election. “You very may well see a new rollout of additional middle-class tax relief and small-business tax relief,” Kudlow said in an interview on Fox Business Network. On Wednesday, Trump said that he’s “not looking at a tax cut now. When asked Thursday to provide more details about the possible preelection tax cut, Kudlow said, “I don’t want to get i


Top White House economic advisor Larry Kudlow said Thursday that President Donald Trump could put forward a tax cut before the 2020 presidential election. “You very may well see a new rollout of additional middle-class tax relief and small-business tax relief,” Kudlow said in an interview on Fox Business Network. On Wednesday, Trump said that he’s “not looking at a tax cut now. When asked Thursday to provide more details about the possible preelection tax cut, Kudlow said, “I don’t want to get i
Larry Kudlow says there could be a tax cut before Election Day Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: kevin breuninger
Keywords: news, cnbc, companies, tax, white, kudlow, washington, election, scott, day, trump, house, cut, payroll, taxes, larry


Larry Kudlow says there could be a tax cut before Election Day

Top White House economic advisor Larry Kudlow said Thursday that President Donald Trump could put forward a tax cut before the 2020 presidential election.

“You very may well see a new rollout of additional middle-class tax relief and small-business tax relief,” Kudlow said in an interview on Fox Business Network.

Kudlow stressed that “there is nothing in the near term” because “we believe the economy is quite healthy.” “But longer run, why not?” he added.

Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.

“Had a great conversation with my friend @larry_kudlow yesterday about our economy,” Scott tweeted Thursday morning.

“When we get back from recess, we should immediately start working on a plan to reduce taxes for middle-class families & workers by the amount the Treasury is collecting in tariffs,” the senator said.

In a text message, Kudlow told CNBC, “I do support the proposal” put forward by Scott in their meeting. Kudlow did not say if he had asked the president about the plan.

A spokeswoman for the Florida senator said that Scott “has not yet spoken to the president on this proposal, but is urging the Administration to start immediately cutting fees to help American families.”

Kudlow made similar comments to reporters at the White House shortly after his television interview.

Kudlow also told Fox that he still expected Chinese negotiators to meet with Trump administration officials in Washington in September to continue trade talks.

The deputies for Washington and Beijing had a “productive conference call” Wednesday, he said.

The remarks from the top economic aide came amid a week of mixed messaging from the White House about possible tax cuts and other proposals to stimulate the economy.

On Wednesday, Trump said that he’s “not looking at a tax cut now. We don’t need it.”

That statement appeared to be completely at odds with the president’s comments from just a day earlier, when he said in the Oval Office that he has “been thinking about payroll taxes for a long time.”

Less than a day before those comments, a White House official had denied that a payroll tax cut was being considered: “More tax cuts for the American people are certainly on the table, but cutting payroll taxes is not something under consideration at this time.”

And that denial came in response to The Washington Post’s report that White House officials have been floating a payroll tax cut as a way to head off a possible economic slowdown.

When asked Thursday to provide more details about the possible preelection tax cut, Kudlow said, “I don’t want to get in a lot of detail on this because, I don’t want to get ahead of the curve.”

But he did say that “the idea of some short-term payroll tax cut fix — it doesn’t work, it never works, it has no lasting impact.”

He added: “The personal tax rates could easily be lowered, and probably the brackets could be shrunk. That’s a thought.”

And “we might even kind of work through a way to help our friends in some of the state who are concerned about the shrinkage of the tax deductions there … the SALT taxes,” Kudlow said.

But he cautioned not to take those suggestions as promises. “I’m just — these are for examples, OK? For examples,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: kevin breuninger
Keywords: news, cnbc, companies, tax, white, kudlow, washington, election, scott, day, trump, house, cut, payroll, taxes, larry


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I asked Facebook if I could work part-time from home after I had my baby. They said no—so I quit

I was incredibly lucky to work there for five months while pregnant with my third baby. (Pictured above: Eliza and her daughter; Photo: Eliot Khuner) When it was time to return to work, I asked HR if I could work part-time from home, while my baby was young. I also wrote another letter about my experience and shared it on Facebook in an internal group for all Facebook employees. I asked him what he would do: “Would you lead this company and the US in supporting working parents? Remote work, part


I was incredibly lucky to work there for five months while pregnant with my third baby. (Pictured above: Eliza and her daughter; Photo: Eliot Khuner) When it was time to return to work, I asked HR if I could work part-time from home, while my baby was young. I also wrote another letter about my experience and shared it on Facebook in an internal group for all Facebook employees. I asked him what he would do: “Would you lead this company and the US in supporting working parents? Remote work, part
I asked Facebook if I could work part-time from home after I had my baby. They said no—so I quit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: eliza khuner
Keywords: news, cnbc, companies, asked, leave, need, kids, noso, employees, company, working, day, parttime, parents, quit, facebook, work, baby


I asked Facebook if I could work part-time from home after I had my baby. They said no—so I quit

A year ago, I had to make the hardest decision of my life: Choose between my dream job and my baby girl. I loved being a data scientist in Facebook’s Social Good department. The open culture and shared sense that we could reach so many people and improve their lives made me enjoy my work even more. Facebook’s benefits for new parents were quite generous — even by US standards — including four months’ paid leave, $4,000 in “baby cash,” partial reimbursement of childcare expenses and ample lactation rooms in every building. I was incredibly lucky to work there for five months while pregnant with my third baby. My 5-year-old and 3-year-old spent the day with a patchwork of family members and babysitters, while my husband worked as a software developer. Working full-time left me just enough time to feed my kids, tuck them into bed and catch enough sleep for myself and my unborn baby. I was both exhilarated and exhausted. After my daughter was born, I soaked up as much time with her as I could. I loved her tiny yawns and delicious toes — and dreaded the end of my leave. During wakeful nights of nursing, my mind ran in circles scheming on how to return full-time. I wished for on-site child care so I could bring her to work and take nursing breaks. Maybe I could leave early and make up the hours after my kids went to bed. I’d catch up on missed sleep over the weekends. Holding the baby who saw me as her world, I tried to convince myself that I could leave her all day. I couldn’t. (Pictured above: Eliza and her daughter; Photo: Eliot Khuner) When it was time to return to work, I asked HR if I could work part-time from home, while my baby was young. They said no. How about unpaid leave until she’s a bit older? Also no. Heavyhearted, I submitted my resignation letter. I also wrote another letter about my experience and shared it on Facebook in an internal group for all Facebook employees. I told them I knew the company could do better. Almost instantly, my phone buzzed with a comment. Then again, and again. Hundreds of employees wrote to say, “Me, too.” Mothers said they cried every day dropping their babies off at daycare, that it physically hurt to be apart. Fathers said they longed to be in their children’s lives more. Young women were afraid to risk their career; some said they were freezing their eggs, while others said they simply gave up on their dreams of ever having kids. My post received over 5,000 likes, 700 comments, and 80 shares on Facebook. Employees called for CEO Mark Zuckerberg to answer. COO Sheryl Sandberg chimed in, explaining that it was something they wanted to do, but that it just wasn’t the right time. Reading through the comments, I thought about how, in Sandberg’s book “Lean In,” she urged companies to accommodate women and mothers, but conspicuously never mentioned part-time options or extended parental leave.

An in-office, 40-hour workweek requirement is at odds with the human need for family and community.

Three days later, I stood in front of Zuckerberg with my baby strapped to my chest and told him, “I see the posters here every day that say, ‘What would you do if you weren’t afraid?'” I asked him what he would do: “Would you lead this company and the US in supporting working parents? Would you give us the chance to show you how kick-ass and loyal we can be with fewer hours at our desks — if you weren’t afraid?” I challenged him to stop making us choose. Zuckerberg’s response was no different than Sandberg’s. He valued time with kids and thought it was important, he said, but offering more options for parents couldn’t happen right now. I walked away still feeling torn, but knowing that I wasn’t alone in needing more time. An in-office, 40-hour workweek requirement is at odds with the human need for family and community. When I shared my story with the public last year, the widespread response proved once again how common my struggle was. Thousands of parents said they want more time to care for their babies. Laszlo Bock, former SVP of People Operations at Google, posted my story on his LinkedIn page. “Surprising that even the wealthiest companies don’t offer more flexible and compelling situations for moms,” he wrote in the caption. A few commented on how spoiled I sounded, and that the company isn’t obligated to pay for my child. “I hope you get the time to care for your loved ones when you need it. You deserve it. Everyone does,” I wrote back. (Pictured above: Eliza and her second son; Photo: Eliot Khuner) One person said that it was unfair of me to ask a company I had worked at for less than a year for a flexible schedule. I responded by saying that I did disclose my pregnancy — and the fact that I had two young children — before I was given an offer. “They were terrific about it and super supportive. I also stated clearly from the start that I would happily take a pay cut in exchange for fewer hours, but they said that had to be worked out with my team,” I added. “That’s why I went ahead and asked for it after my daughter was born.”

If such a successful company refuses to acknowledge this, then what chance do the rest of working families have?

I know I’m unusually fortunate to have a partner who supports our family while I care for my kids. Most working Americans do not have this option, much less paid leave of any length. The US is the only industrialized nation that doesn’t require employers to provide paid leave for new parents. Only eight states and 40% of employers in the US currently offer any paid parental leave. But a company that boasts three meals a day for employees and a redwood grove inside one of its offices, I would assume, has the resources to accommodate parents who need more time with their children. If such a successful company refuses to acknowledge this, then what chance do the rest of working families have? (Pictured above: Eliza and her oldest son; Photo: Eliot Khuner) Time to care and connect is something we all need. Remote work, part-time hours and longer leave need to be an option for everyone. In recent years, more mothers have shared publicly how they stepped down, having buckled under the stress of juggling work and care-taking. Tech companies lament lack of diversity with words not backed by action; policy change has been depressingly sluggish. Telecommuting, working off-hours and job-sharing are all within reach thanks to technology, yet leaders resist taking the leap. Companies that push the boundaries of what’s possible with their products turn conservative when it comes to supporting families. If you want to keep parents and get the best from your employees, expand your idea of work beyond the nine-to-five desk model. For every parent who protests, there are many more who suffer silently because they can’t afford to lose their job or cut their hours.

In all of our lives, we’re meant to build both our careers and our communities. I’m calling for the time and space to do both


Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: eliza khuner
Keywords: news, cnbc, companies, asked, leave, need, kids, noso, employees, company, working, day, parttime, parents, quit, facebook, work, baby


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Trump says he’s ‘thinking about’ a payroll tax cut — a day after the White House denies it

President Donald Trump on Tuesday said he was “thinking about” cutting payroll taxes, less than a day after the White House denied that a payroll tax cut was under consideration. That denial came in response to The Washington Post’s report that White House officials have been floating a payroll tax cut as a way to head off a possible economic slowdown. When asked about the discrepancy between the official’s statement and the president’s remarks, a White House representative declined to comment.


President Donald Trump on Tuesday said he was “thinking about” cutting payroll taxes, less than a day after the White House denied that a payroll tax cut was under consideration. That denial came in response to The Washington Post’s report that White House officials have been floating a payroll tax cut as a way to head off a possible economic slowdown. When asked about the discrepancy between the official’s statement and the president’s remarks, a White House representative declined to comment.
Trump says he’s ‘thinking about’ a payroll tax cut — a day after the White House denies it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: kevin breuninger jordan mcdonald, kevin breuninger, jordan mcdonald
Keywords: news, cnbc, companies, thinking, taxes, president, payroll, denies, day, hes, white, tax, word, house, trump, cut


Trump says he's 'thinking about' a payroll tax cut — a day after the White House denies it

US President Donald Trump takes part in a meeting with Romania’s President Klaus Iohannis(not shown) in the Oval Office of the White House in Washington, DC on August 20, 2019.

President Donald Trump on Tuesday said he was “thinking about” cutting payroll taxes, less than a day after the White House denied that a payroll tax cut was under consideration.

“Payroll tax is something we think about, and a lot of people would like to see that, and that very much affects the workers of our country,” Trump told reporters at the White House.

Trump went on to say that he has “been thinking about payroll taxes for a long time” — and he cautioned that “whether or not we do something now, it’s not being done because of recession.”

His remarks were at odds with a White House official’s statement to CNBC on Monday evening: “More tax cuts for the American people are certainly on the table, but cutting payroll taxes is not something under consideration at this time.”

That denial came in response to The Washington Post’s report that White House officials have been floating a payroll tax cut as a way to head off a possible economic slowdown.

When asked about the discrepancy between the official’s statement and the president’s remarks, a White House representative declined to comment.

The president has pushed back strongly on reports that investors fear an economic recession may be on the horizon. In a tweet Monday, he accused Democrats of “trying to ‘will’ the Economy to be bad for purposes of the 2020 Election.”

In the Oval Office on Tuesday afternoon, Trump said, “I think the word recession is a word that’s inappropriate because it’s just a word that certain people, I’m going to be kind, certain people and the media are trying to build up because they would love to see a recession. We are very far from a recession.”

But in his nearly 30-minute exchange with the press, ahead of a meeting with Romanian President Klaus Iohannis, Trump floated a number of possible ways to stimulate the economy. He slammed the Federal Reserve for raising interest rates and called for a full percentage-point cut in rates “over a period of time.”

He also discussed multiple proposals to reduce taxes, including a payroll tax cut and indexing capital-gains taxes to inflation.

“I’m not talking about doing anything at this moment, but indexing is something a lot of people have liked for a long time,” Trump said. “It is something I’m thinking about.”

If Trump attempts to pass a payroll tax cut through Congress, he’s almost certain to face strong opposition from Democrats. The 6.2% tax helps to fund social welfare programs that Democrats have vowed to protect.


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: kevin breuninger jordan mcdonald, kevin breuninger, jordan mcdonald
Keywords: news, cnbc, companies, thinking, taxes, president, payroll, denies, day, hes, white, tax, word, house, trump, cut


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Here are the biggest analyst calls of the day: Beyond Meat, AbbVie, Hewlett Packard & more

Ethan Brown, founder and chief executive officer of Beyond Meat Inc., second right, looks at a monitor during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, May 2, 2019. Here are the biggest calls on Wall Street on Tuesday:J.P. Morgan said it saw potential for Beyond Meat to acquire new customers following a secondary stock offering. “We see three primary reasons for renewed optimism: (1) The potential to acquire new food service customers, (


Ethan Brown, founder and chief executive officer of Beyond Meat Inc., second right, looks at a monitor during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, May 2, 2019. Here are the biggest calls on Wall Street on Tuesday:J.P. Morgan said it saw potential for Beyond Meat to acquire new customers following a secondary stock offering. “We see three primary reasons for renewed optimism: (1) The potential to acquire new food service customers, (
Here are the biggest analyst calls of the day: Beyond Meat, AbbVie, Hewlett Packard & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: michael bloom
Keywords: news, cnbc, companies, packard, brown, wall, biggest, hewlett, offering, abbvie, potential, customers, acquire, ethan, secondary, york, calls, analyst, day, meat


Here are the biggest analyst calls of the day: Beyond Meat, AbbVie, Hewlett Packard & more

Ethan Brown, founder and chief executive officer of Beyond Meat Inc., second right, looks at a monitor during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, May 2, 2019.

Here are the biggest calls on Wall Street on Tuesday:

J.P. Morgan said it saw potential for Beyond Meat to acquire new customers following a secondary stock offering.

“We see three primary reasons for renewed optimism: (1) The potential to acquire new food service customers, (2) Continued strength in measured data, and (3) Valuation. We appreciate that the secondary offering spooked many investors; however, founder/CEO Ethan Brown trimmed only a tiny portion of his holdings, and we cannot blame anyone involved pre-IPO for locking in some gains.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: michael bloom
Keywords: news, cnbc, companies, packard, brown, wall, biggest, hewlett, offering, abbvie, potential, customers, acquire, ethan, secondary, york, calls, analyst, day, meat


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Here are the biggest analyst calls of the day: Chevron, Deckers, NXP Semiconductors & more

Pivotal said it sees a more attractive valuation for the shoe maker following a 25 percent decline and better weather trends in the fall. “In our most recent note (7/26/19), we talked about being on the wrong side of this stock for the last year and wanting another crack at it. But we didn’t like the risk/reward profile at those levels and were content to wait for a better opportunity to become more constructive, believing that this stock is always one warm winter away from a potential reset. Si


Pivotal said it sees a more attractive valuation for the shoe maker following a 25 percent decline and better weather trends in the fall. “In our most recent note (7/26/19), we talked about being on the wrong side of this stock for the last year and wanting another crack at it. But we didn’t like the risk/reward profile at those levels and were content to wait for a better opportunity to become more constructive, believing that this stock is always one warm winter away from a potential reset. Si
Here are the biggest analyst calls of the day: Chevron, Deckers, NXP Semiconductors & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: michael bloom
Keywords: news, cnbc, companies, better, analyst, winter, warm, 25, biggest, reset, potential, nxp, deckers, day, wrong, stock, wanting, calls, chevron, semiconductors, weather


Here are the biggest analyst calls of the day: Chevron, Deckers, NXP Semiconductors & more

Pivotal said it sees a more attractive valuation for the shoe maker following a 25 percent decline and better weather trends in the fall.

“In our most recent note (7/26/19), we talked about being on the wrong side of this stock for the last year and wanting another crack at it. But we didn’t like the risk/reward profile at those levels and were content to wait for a better opportunity to become more constructive, believing that this stock is always one warm winter away from a potential reset. Since then, the stock is down ~25%, which is a reset in our view, albeit not on a warm winter. That said, how do we think about winter, which is quickly approaching? As it turns out, there are now early indications that October/November weather could be favorable, which would suggest potential upside to DECK’s FY20 sales/GM guidance. “


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: michael bloom
Keywords: news, cnbc, companies, better, analyst, winter, warm, 25, biggest, reset, potential, nxp, deckers, day, wrong, stock, wanting, calls, chevron, semiconductors, weather


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Here are the biggest analyst calls of the day: Merck, Intel, Dow & more

Northland said in its upgrade of the chipmaker that it thinks sentiment is nearing a “low point.” “1) Shares our trading below our PT. 2) Shares are trading at 11.5x our below consensus CY20 estimates. 5) We think value stocks likely outperform higher multiple stocks during sell offs. 6) Sentiment nearing a low point.As such upgrading to MP. “


Northland said in its upgrade of the chipmaker that it thinks sentiment is nearing a “low point.” “1) Shares our trading below our PT. 2) Shares are trading at 11.5x our below consensus CY20 estimates. 5) We think value stocks likely outperform higher multiple stocks during sell offs. 6) Sentiment nearing a low point.As such upgrading to MP. “
Here are the biggest analyst calls of the day: Merck, Intel, Dow & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: michael bloom
Keywords: news, cnbc, companies, day, intel, merck, trading, shares, analyst, dow, calls, stocks, upgrading, low, estimates, value, view, biggest, sentiment, nearing


Here are the biggest analyst calls of the day: Merck, Intel, Dow & more

Northland said in its upgrade of the chipmaker that it thinks sentiment is nearing a “low point.”

“1) Shares our trading below our PT. 2) Shares are trading at 11.5x our below consensus CY20 estimates. 3) Negative AMD server launch catalyst is in the rear view mirror. 4) INTC beat Q2 by $900M and $0.17, but only increased CY19 estimates by $500M and $0.05. 5) We think value stocks likely outperform higher multiple stocks during sell offs. 6) Sentiment nearing a low point.As such upgrading to MP. “


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: michael bloom
Keywords: news, cnbc, companies, day, intel, merck, trading, shares, analyst, dow, calls, stocks, upgrading, low, estimates, value, view, biggest, sentiment, nearing


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Here are the biggest analyst calls of the day: Alphabet, Levi Strauss, Caterpillar & more

J.P. Morgan said the race track operator is now in a position to reap the benefits of past investments. “Formula 1 is emerging from a transition period following Liberty assuming control of the asset in January 2017.Costs, which ramped over the prior two years, are at or close to run-rate levels, and F1 is now in position to reap the benefit of past investments. We estimate adjusted OIBDA will increase 20% this year with the start of a pay-TV deal with Sky, and forecast more modest though steady


J.P. Morgan said the race track operator is now in a position to reap the benefits of past investments. “Formula 1 is emerging from a transition period following Liberty assuming control of the asset in January 2017.Costs, which ramped over the prior two years, are at or close to run-rate levels, and F1 is now in position to reap the benefit of past investments. We estimate adjusted OIBDA will increase 20% this year with the start of a pay-TV deal with Sky, and forecast more modest though steady
Here are the biggest analyst calls of the day: Alphabet, Levi Strauss, Caterpillar & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: michael bloom
Keywords: news, cnbc, companies, caterpillar, levi, track, analyst, start, day, past, reap, position, transition, biggest, strauss, western, steady, sponsors, upside, calls, alphabet


Here are the biggest analyst calls of the day: Alphabet, Levi Strauss, Caterpillar & more

J.P. Morgan said the race track operator is now in a position to reap the benefits of past investments.

“Formula 1 is emerging from a transition period following Liberty assuming control of the asset in January 2017.Costs, which ramped over the prior two years, are at or close to run-rate levels, and F1 is now in position to reap the benefit of past investments. We estimate adjusted OIBDA will increase 20% this year with the start of a pay-TV deal with Sky, and forecast more modest though steady growth thereafter, driven by contractual escalators, new sponsors, additional grands prix, and broadcast renewals in the US and Western Europe for which we see upside. “


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: michael bloom
Keywords: news, cnbc, companies, caterpillar, levi, track, analyst, start, day, past, reap, position, transition, biggest, strauss, western, steady, sponsors, upside, calls, alphabet


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Asia Pacific stocks edge up as US announces some tariff delays

Stocks in Asia Pacific edged up on Wednesday as the U.S. announced a delay in the implementation of tariffs on some Chinese goods. Meanwhile, the Hang Seng index in Hong Kong was fractionally lower, as of its final hour of trading. Tensions in Hong Kong remained high after the city’s airport saw disruptions for a second day on Tuesday as a result of protests. “We are advising client(s) to cut their exposure towards Hong Kong equity markets and move towards more South Asia markets like Indonesia,


Stocks in Asia Pacific edged up on Wednesday as the U.S. announced a delay in the implementation of tariffs on some Chinese goods. Meanwhile, the Hang Seng index in Hong Kong was fractionally lower, as of its final hour of trading. Tensions in Hong Kong remained high after the city’s airport saw disruptions for a second day on Tuesday as a result of protests. “We are advising client(s) to cut their exposure towards Hong Kong equity markets and move towards more South Asia markets like Indonesia,
Asia Pacific stocks edge up as US announces some tariff delays Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: eustance huang
Keywords: news, cnbc, companies, rose, day, index, markets, pacific, way, trading, asia, edge, tariff, kong, delays, tariffs, hong, stocks, announces


Asia Pacific stocks edge up as US announces some tariff delays

Stocks in Asia Pacific edged up on Wednesday as the U.S. announced a delay in the implementation of tariffs on some Chinese goods.

Shares in mainland China rose on the day, with the Shanghai composite gaining 0.42% to 2,808.91 and the Shenzhen component adding 0.72% to 8,966.47. The Shenzhen composite also advanced 0.692% to 1,509.00.

The United States Trade Representative announced Tuesday certain products are being removed from the tariff list and will not face additional tariffs of 10%. Other tariffs will be delayed to Dec. 15 for certain goods, it said.

“A cynical view then is that the delay is purely for political timing rather than a more substantive change in the US’ approach to the US-China relationship,” Tapas Strickland, an economist at National Australia Bank, wrote in a note.

“Overall a high degree of (skepticism) should remain and an imminent deal is unlikely given Trump has foreshadowed he is going to be campaigning hard on the issue in the 2020 election,” Strickland said.

Meanwhile, the Hang Seng index in Hong Kong was fractionally lower, as of its final hour of trading. Tensions in Hong Kong remained high after the city’s airport saw disruptions for a second day on Tuesday as a result of protests.

“In the near term, Hong Kong police might take tougher action and China might be looking to resolve this issue one way or the other way, which is going to be negative for the markets,” Suresh Tantia, senior investment strategist at the Credit Suisse APAC CIO office, told CNBC’s “Street Signs” on Wednesday.

“We are advising client(s) to cut their exposure towards Hong Kong equity markets and move towards more South Asia markets like Indonesia,” Tantia said.

Elsewhere, Japan’s Nikkei 225 rose 0.98% to close at 20,655.13, while the Topix index also advanced 0.87% to end its trading day at 1,499.50.

Over in South Korea, the Kospi gained 0.65% to close at 1,938.37, Australia’s S&P/ASX 200 also rose 0.42% on the day to 6,595.90.

Overall, the MSCI Asia ex-Japan index added 0.62%.


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: eustance huang
Keywords: news, cnbc, companies, rose, day, index, markets, pacific, way, trading, asia, edge, tariff, kong, delays, tariffs, hong, stocks, announces


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Franklin Templeton fund manager loses $1.8 billion in one day on Argentina bets: Financial Times

Consumers are America’s not so secret weapon to lift economyWith markets reeling from recession fears, the world is watching the so far resilient U.S. consumer, now in the strongest position since before the financial crisis. Market Insiderread more


Consumers are America’s not so secret weapon to lift economyWith markets reeling from recession fears, the world is watching the so far resilient U.S. consumer, now in the strongest position since before the financial crisis. Market Insiderread more
Franklin Templeton fund manager loses $1.8 billion in one day on Argentina bets: Financial Times Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: jesse pound, patti domm
Keywords: news, cnbc, companies, resilient, loses, reeling, strongest, secret, franklin, bets, templeton, day, world, times, position, financial, markets, manager, recession, billion, watching, fund, weapon


Franklin Templeton fund manager loses $1.8 billion in one day on Argentina bets: Financial Times

Consumers are America’s not so secret weapon to lift economy

With markets reeling from recession fears, the world is watching the so far resilient U.S. consumer, now in the strongest position since before the financial crisis.

Market Insider

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Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: jesse pound, patti domm
Keywords: news, cnbc, companies, resilient, loses, reeling, strongest, secret, franklin, bets, templeton, day, world, times, position, financial, markets, manager, recession, billion, watching, fund, weapon


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