These two retail stocks could take off after earnings, charts suggest

Gear up for a major week for retail stocks. Some of the big-ticket names in retail such as Home Depot, Macy’s and TJ Maxx parent TJX are all gearing up for earnings. The first company, Best Buy, broke out after the company hiked its earnings forecast in November, he says. Better-than-expected earnings will rely on a couple of factors, including product demand, convenience and shopping experience. In an email to “Trading Nation,” he added that “commoditized products, stale distribution, and a lac


Gear up for a major week for retail stocks.
Some of the big-ticket names in retail such as Home Depot, Macy’s and TJ Maxx parent TJX are all gearing up for earnings.
The first company, Best Buy, broke out after the company hiked its earnings forecast in November, he says.
Better-than-expected earnings will rely on a couple of factors, including product demand, convenience and shopping experience.
In an email to “Trading Nation,” he added that “commoditized products, stale distribution, and a lac
These two retail stocks could take off after earnings, charts suggest Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-24  Authors: ivana freitas
Keywords: news, cnbc, companies, suggest, retail, company, johnson, rely, earnings, stocks, second, names, nation, charts, stock, trading


These two retail stocks could take off after earnings, charts suggest

Gear up for a major week for retail stocks.

Some of the big-ticket names in retail such as Home Depot, Macy’s and TJ Maxx parent TJX are all gearing up for earnings. The group heads into the busy stretch with a lot to prove — nearly half the stocks in the XRT retail ETF are in a bear market after falling at least 20% from 52-week highs.

However, two names caught the attention of Craig Johnson, chief market technician of Piper Sandler. The first company, Best Buy, broke out after the company hiked its earnings forecast in November, he says.

“You could probably see an implied move of around 7%, but ultimately I could see a measured objective on this stock that can push this stock materially higher from where it is,” Johnson said on CNBC’s “Trading Nation” on Friday.

The second pick for Johnson is Home Depot. The company hit a new record for the second day in a row on Friday.

“If you see a move to the upper end of that channel, that can put this stock up toward about $160, maybe $165 — an implied move about 3% around the earnings announcement,” said Johnson.

Steve Chiavarone, equity strategist at Federated Hermes, said the support for retail will continue to rely on a strong consumer — economic data, he says, indicates the consumer remains healthy.

“You have unemployment at a 50-year low, you’ve got wages that are growing somewhere north of 3% or certainly around there. Interest rates are low … [and] you have oil prices that are benign,” Chiavarone said during the same segment.

Better-than-expected earnings will rely on a couple of factors, including product demand, convenience and shopping experience. In an email to “Trading Nation,” he added that “commoditized products, stale distribution, and a lack of perceived value” will continue to lose share.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2020-02-24  Authors: ivana freitas
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Here’s how to tell a bear market is coming

Bank of America Securities curated a “bear market signposts” list for clients to help predict when stocks might be close to embarking on a bear market. Currently 63% of the bear market signposts have been triggered, up from 47% in January. Since 1968, when 80% of the indicators are triggered, a bear market occurred, meaning stocks fell 20% from their most recent highs. The S&P 500 went on to briefly dip into bear market territory on an intraday basis following that signal, and suffered its worst


Bank of America Securities curated a “bear market signposts” list for clients to help predict when stocks might be close to embarking on a bear market.
Currently 63% of the bear market signposts have been triggered, up from 47% in January.
Since 1968, when 80% of the indicators are triggered, a bear market occurred, meaning stocks fell 20% from their most recent highs.
The S&P 500 went on to briefly dip into bear market territory on an intraday basis following that signal, and suffered its worst
Here’s how to tell a bear market is coming Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-22  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, stocks, tell, bank, months, returns, low, coming, market, triggered, earnings, bear, heres, list


Here's how to tell a bear market is coming

A trader works at his post on the floor of the New York Stock Exchange, December 19, 2018. Brendan McDermid | Reuters

Trying to time the market can be dangerous, but there are certain signals that the professionals look for when trying to gauge future risk in stocks which could be helpful for regular investors to monitor. Bank of America Securities curated a “bear market signposts” list for clients to help predict when stocks might be close to embarking on a bear market. The list of 19 signals ranges from fundamental to sentiment-related indicators and uses data tracking back more than 50 years. Currently 63% of the bear market signposts have been triggered, up from 47% in January. Since 1968, when 80% of the indicators are triggered, a bear market occurred, meaning stocks fell 20% from their most recent highs. “Stocks appear to be pricing in more good news than bad,” Bank of America equity and quant strategist Savita Subramanian said in a recent note to clients. The signposts list was almost triggered in October of 2018 when it hit 79%. The S&P 500 went on to briefly dip into bear market territory on an intraday basis following that signal, and suffered its worst December since the Great Depression. The Fed raising rates, as they did in 2018, is a trigger on the bear market signal list, as bear markets have always been preceded by the Fed hiking rates by at least 75 basis points from the cycle trough.

Here’s a full list of the bear market indicators from Bank of America:

Federal Reserve raising interest rates Tightening credit conditions Minimum returns in the last 12 months of a bull market have been 11% Minimum returns in the last 24 months of a bull market have been 30% Low quality stocks outperform high quality stocks (over six months) Momentum stocks outperforming (over six to 12 months) Growth stocks outperforming (over six to 12 months) 5% pullback in stocks over the last year Stocks with low price-to-earnings ratio underperform Conference Board’s consumer confidence level has not hit 100 within 24 months Conference Board’s percentage expecting stocks go higher Lack of reward for earnings beats Sell side indicator, a contrarian measure of sell side equity optimism Bank of America Fund Manger Survey shows high levels of cash Inverted yield curve Change in long-term growth expectations Rule of 20, trailing price-to-earnings ratio added to CPI is above 20 Volatility index spikes over 20 at some point within the last 3 months Earnings estimate revisions rule

Bearish signs to watch

Currently, if investors buy a 3-month treasury bill, they will be getting a higher yield than if they buy a 10-year treasury note. This is not normal. Typically, the more long term the holding period of the government security is, the higher the returns. This is a bond market phenomena called the inverted yield curve, which is known to precede recessions and sits as one of Bank of America’s bear market sign posts. Another indicator that is currently triggered is muted price reactions for earnings beats this season. Stocks are getting their thinnest rewards for beating Wall Street’s estimates on earnings since the first quarter of 2018 and the third lowest level since 2000, according to Bank of America. “Historically, small rewards preceded negative S&P 500 returns 60% of the time over subsequent quarters,” Subramanian added. Stocks with low price-to-earnings ratios are also currently underperforming, flashing a bear market warning sign. Stocks with low PE ratios are generally considered undervalued and can be a good buying opportunity. When investors don’t buy into these cheap stocks it normally means they are crowding in high growth names. This means that the most expensive stocks are narrowly driving market returns. Another flashing signal is tightening credit conditions, which occurs when it becomes harder to borrow money from the bank. In times of uncertainty or an economic slowdown, banks will tighten their lending taps to hedge for risk. Each of the last three bear markets started when a positive percentage of banks tightened lending standards. A recent Fed survey showed banks expected credit standards to tighten this year.

Bullish signs to watch


Company: cnbc, Activity: cnbc, Date: 2020-02-22  Authors: maggie fitzgerald
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Cramer’s week ahead: February could ‘end with a nasty whimper’

“If the situation remains as fluid … or if it remains dynamic, get ready for February to end with a nasty whimper and a bear full of bang.” The computer and printer company is estimated to report $14.6 billion in revenue and 54 cents of earnings per share. “HP wants to remain independent and a strong earnings report, and a concomitant rally, will help them do that,” Cramer said. EOG Resources releases its earnings report after the closing bell, but executives won’t host a shareholder call unti


“If the situation remains as fluid … or if it remains dynamic, get ready for February to end with a nasty whimper and a bear full of bang.”
The computer and printer company is estimated to report $14.6 billion in revenue and 54 cents of earnings per share.
“HP wants to remain independent and a strong earnings report, and a concomitant rally, will help them do that,” Cramer said.
EOG Resources releases its earnings report after the closing bell, but executives won’t host a shareholder call unti
Cramer’s week ahead: February could ‘end with a nasty whimper’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: tyler clifford
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Cramer's week ahead: February could 'end with a nasty whimper'

CNBC’s Jim Cramer said Friday that investors are worried about how the coronavirus epidemic in China could impact U.S. businesses and the market is feeling the impact as the novel virus continues to spread outside that country. The Dow Jones Industrial plunged more than 227 points, or 0.78%, the S&P 500 declined 1.05% and the Nasdaq Composite plummeted almost 1.80%. “The most important thing you need to know about next week is that the coronavirus will color everything,” the “Mad Money” host said. “If the situation remains as fluid … or if it remains dynamic, get ready for February to end with a nasty whimper and a bear full of bang.” Cramer went on to present his game plan for the week ahead:

Monday: HP, Palo Alto earnings

HP, which is being targeted for a merger from Xerox, will report earnings from its first quarter of the 2020 fiscal year after the closing bell. The computer and printer company is estimated to report $14.6 billion in revenue and 54 cents of earnings per share. “HP wants to remain independent and a strong earnings report, and a concomitant rally, will help them do that,” Cramer said. Palo Alto Networks also reports after the market closes. The cloud networking provider is forecast by analysts to bring in $844 million in revenue and $1.12 in earnings per share. “Last time this cyber-security kingpin delivered a terrific quarter and the stock rallied accordingly,” the host said. “This time it could be a little tougher.”

Tuesday: Home Depot, Macy’s, Salesforce.com, Toll Brothers, The RealReal, Virgin Galactic

Home Depot reports fourth-quarter results before the opening bell. The home improvement retailer is expected to show almost $25.7 billion in revenue and $2.11 in profit per share. “Home Depot almost always comes in too hot,” Cramer said. “It is doing the exact same thing this time, which is why I think it’s too late to buy ahead of the quarter.” Macy’s also reports its fourth-quarter performance in the morning. Analysts expect revenue of $8.3 billion and earnings of $1.96 per share from the troubled department chain, according to FactSet. “Macy’s needs to show something good, some growth, or I predict more debt downgrades and a stock that can’t even hold the $15 level,” the host said. Salesforce.com delivers its December report after the market closes. The cloud software provider is forecast to show more than $4.7 billion in revenue and 56 cents of earnings per share. The stock is up more than 17% to $189.50 since it last reported in December. “We own Salesforce for my charitable trust, which you can follow by joining the ActionAlertsPlus.com club, and we just actually trimmed some,” Cramer said. “We had a huge gain. Bulls make money, bears make money, and hogs — hogs get slaughtered.” Toll Brothers reports in the morning. The homebuilding company is estimated to print $1.4 billion on the revenue line and dish out earnings of 46 cents per share. “When you have interest rates this low, there are some real winners and one of them is Toll Brothers,” Cramer said. “I expect Toll to report an excellent quarter.” The RealReal is set to report its final quarterly report of 2019 after the market closes. The online consignment store, whose shares nosedived after a CNBC investigation raised doubts about its goods authentication process, is estimated to produce $91.4 million in sales and losses of 19 cents per share, according to FactSet. Virgin Galactic reports fourth-quarter earnings after the closing bell. Wall Street estimates the spaceflight company, co-founded by Virgin Group founder Richard Branson, to do $750,000 in sales and 21 cents of losses per share, according to FactSet. “This is the poster child for the kind of ultra-speculative stocks that have exploded higher of late, although it totally cooled off today,” Cramer said. “Maybe they’ll tell us that they’re ahead of schedule, but I’m skeptical and I justifiably think it’s losing altitude.”

Wednesday: Lowe’s, TJX, Marriott International, Etsy and Square earnings

Lowe’s reports results from the December quarter in the morning. The home refurbishing chain is projected to bring in $16 billion in revenue and 91 cents of earnings per share. TJX Companies, the parent of T.J. Maxx, also reports in the morning. The off-price retail company is estimated to show $11.8 billion in revenue and 77 cents of earnings per share. Marriott International has an earnings release after the closing bell, but the company won’t host a conference call until the following morning. The hotel chain is forecast to bring in $5.5 billion in sales and $1.47 in earnings per share. Etsy has an earnings report coming out after the market closes. The online crafts retailer is expected to deliver $265 million in sales and 16 cents of profit per share. Square reports in the afternoon. The financial technology company is estimated to produce $592 million of revenue and 21 cents in earnings per share.

Thursday: Best Buy, Anheuser-Busch InBev, Keurig Dr. Pepper, Dell Technologies, Occidental Petroleum, EOG Resources earnings

Best Buy reports before the morning bell. The electronics retailer is expected to show $15 billion in revenue and $2.75 in earnings per share, according to FactSet. Anheuser-Busch InBev has an earnings release in the early morning. The beer company is projected to show more than $12.6 billion in revenue and earnings per share of 83 cents. Keurig Dr. Pepper reports before the market opens for trading. Wall Street expects the beverage company to record nearly $3 billion in revenue and 35 cents of profit per share. Dell Technologies has a fourth-quarter report coming out after the closing bell. The computer maker is estimated to have $24.4 billion of revenue and earnings per share of $1.97, according to FactSet. “I’m a believer, but it’s been a tough slog. We need a good quarter for Dell to break out of its range. Dell’s subsidiary VMware — they report, too, and we’re talking about a cloud king, so therefore I expect good numbers.” Occidental Petroleum will disclose its fourth-quarter report after the market closes and hosts a conference call the day after. The company is projected to report $6.2 billion of sales and losses of 16 cents per share. EOG Resources releases its earnings report after the closing bell, but executives won’t host a shareholder call until the following morning. The oil producer is expected to bring in more than $4.3 billion in revenue and $1.16 of earnings per share.

Friday: Workday, Trade Desk, Wayfair earnings

Workday reports earnings after the closing bell. The cloud-computing company is expected to bring in $965 million in revenue and 40 cents of earnings per share, according to FactSet. Trade Desk also has an earnings release after the market closes. The digital marketing company is estimated to have $213 million in revenue and $1.17 of earnings per share. Wayfair reports in the morning. The online furniture store is expected to report $2.5 billion of revenue, but $2.63 of losses per share.


Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: tyler clifford
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Warren Buffett speaks, Shake Shack earnings, Nevada caucus reaction: 3 things to watch for Monday

Warren Buffett Gerard Miller | CNBCHere are the most important things to know about Monday before you hit the door. Warren Buffett on the recordBerkshire Hathaway’s Warren Buffett will publish his much-awaited shareholder letter on Saturday, a tradition that dates back to 1977. Shake Shack set to reportFast food chain Shake Shack reports fourth quarter earnings after the bell on Monday. Shares of Shake Shack have rallied more than 25% so far in 2020, but dipped on Friday after being downgraded t


Warren Buffett Gerard Miller | CNBCHere are the most important things to know about Monday before you hit the door.
Warren Buffett on the recordBerkshire Hathaway’s Warren Buffett will publish his much-awaited shareholder letter on Saturday, a tradition that dates back to 1977.
Shake Shack set to reportFast food chain Shake Shack reports fourth quarter earnings after the bell on Monday.
Shares of Shake Shack have rallied more than 25% so far in 2020, but dipped on Friday after being downgraded t
Warren Buffett speaks, Shake Shack earnings, Nevada caucus reaction: 3 things to watch for Monday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, shake, reaction, quarter, buffett, analysts, nevada, letter, million, things, warren, watch, speaks, earnings, fourth, shack, caucus


Warren Buffett speaks, Shake Shack earnings, Nevada caucus reaction: 3 things to watch for Monday

Warren Buffett Gerard Miller | CNBC

Here are the most important things to know about Monday before you hit the door.

1. Warren Buffett on the record

Berkshire Hathaway’s Warren Buffett will publish his much-awaited shareholder letter on Saturday, a tradition that dates back to 1977. Buffett’s letter typically gives Wall Street an idea of how he and his partner Charlie Munger view the current state of the stock market. The “Oracle of Omaha” told CNBC this time last year that despite Berkshire’s underwhelming performance in the past few years, he was keen to make an “elephant sized” acquisition for the portfolio. Buffett will also sit down with CNBC’s Becky Quick on Monday from 6 a.m. to 9 a.m. to answer her and CNBC viewers’ questions.

2. Shake Shack set to report

Fast food chain Shake Shack reports fourth quarter earnings after the bell on Monday. Analysts polled by FactSet are expecting Shake Shack to say it broke even last quarter, compared to the 6 cents per share it earned a year earlier. Revenue is forecast to come in at $153 million and increase from the $124.3 million in sales reported a year prior. Shares of Shake Shack have rallied more than 25% so far in 2020, but dipped on Friday after being downgraded to hold from buy by SunTrust. The firm said it sees near term headwinds that could impact 2020 guidance. Analysts will be looking to see how Shake Shack’s exclusive partnership with GrubHub effected the fourth quarter.

3. Nevada caucuses reaction


Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: maggie fitzgerald
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Everything Jim Cramer said about the stock market on ‘Mad Money,’ including looming earnings, social media stocks

CNBC’s Jim Cramer gave viewers a preview of what’s circled on his earnings calendar next week and warned that the coronavirus could weigh on how investors react. The “Mad Money” host dove into the earnings reports of the top social media stocks of Facebook, Twitter, Snap and Pinterest. “The most important thing you need to know about next week is that the coronavirus will color everything,” the “Mad Money” host said. Social media earningsSnapchat, Facebook, Twitter, Messenger, Instagram and Link


CNBC’s Jim Cramer gave viewers a preview of what’s circled on his earnings calendar next week and warned that the coronavirus could weigh on how investors react.
The “Mad Money” host dove into the earnings reports of the top social media stocks of Facebook, Twitter, Snap and Pinterest.
“The most important thing you need to know about next week is that the coronavirus will color everything,” the “Mad Money” host said.
Social media earningsSnapchat, Facebook, Twitter, Messenger, Instagram and Link
Everything Jim Cramer said about the stock market on ‘Mad Money,’ including looming earnings, social media stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: tyler clifford
Keywords: news, cnbc, companies, stock, cramer, earnings, jim, including, media, week, stocks, twitter, mad, facebook, host, coronavirus, snap, money, looming, market, social


Everything Jim Cramer said about the stock market on 'Mad Money,' including looming earnings, social media stocks

CNBC’s Jim Cramer gave viewers a preview of what’s circled on his earnings calendar next week and warned that the coronavirus could weigh on how investors react. The “Mad Money” host dove into the earnings reports of the top social media stocks of Facebook, Twitter, Snap and Pinterest.

Cramer’s week ahead

CNBC’s said Friday that investors are worried about how the coronavirus epidemic in China could impact U.S. businesses and the market is feeling the impact as the novel virus continues to spread outside that country. The plunged more than 227 points, or 0.78%, the declined 1.05% and the plummeted almost 1.80%. “The most important thing you need to know about next week is that the coronavirus will color everything,” the “Mad Money” host said. “If the situation remains as fluid … or if it remains dynamic, get ready for February to end with a nasty whimper and a bear full of bang.” Cramer went on to present his game plan for the week ahead.

Social media earnings

Snapchat, Facebook, Twitter, Messenger, Instagram and LinkedIn apps shown on a smartphone screen. Chesnot | Getty Images

The four major social media companies are all performing well, but the diverging moves that the corresponding stocks made coming off earnings were have been defined by investor expectations, CNBC’s said Friday. The host crowned the stocks of and as winners; denoted and Snapchat-parent as losers. “It was about the expectations,” he said. “None of them had perfect results, but Facebook and Snap had run going into the quarter, while Twitter and Pinterest had sold off ahead. So Facebook and Snap got pulverized while Twitter and Pinterest caught fire.” Cramer gave his assessment of their quarterly reports and stock actions.

Cramer’s lightning round


Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: tyler clifford
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Coronavirus live updates: Coca-Cola takes an earnings hit, Iran confirms more cases

Iran confirmed 13 new coronavirus cases, bringing the total in the country to 18, with four of the total having died. The majority of coronavirus cases in Iran have been in Qom, a Shiite Muslim holy city 75 miles south of the capital Tehran. And it is possible that it exists in all cities in Iran,” Health Ministry official Minou Mohrez said Friday, Reuters reported, citing the country’s official IRNA news agency. The total number of confirmed cases in Iran has now climbed to 18, with four deaths


Iran confirmed 13 new coronavirus cases, bringing the total in the country to 18, with four of the total having died.
The majority of coronavirus cases in Iran have been in Qom, a Shiite Muslim holy city 75 miles south of the capital Tehran.
And it is possible that it exists in all cities in Iran,” Health Ministry official Minou Mohrez said Friday, Reuters reported, citing the country’s official IRNA news agency.
The total number of confirmed cases in Iran has now climbed to 18, with four deaths
Coronavirus live updates: Coca-Cola takes an earnings hit, Iran confirms more cases Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: william feuer berkeley lovelace jr dawn kopecki, william feuer, berkeley lovelace jr, dawn kopecki
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Coronavirus live updates: Coca-Cola takes an earnings hit, Iran confirms more cases

An Iranian street vendor sells protective masks in the capital Tehran on February 20,2020. Atta Kenare | AFP | Getty Images

This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 76,700

Total deaths: At least 2,249

10:12 am: Iran confirms 4 deaths as officials acknowledge outbreak

The coronavirus has spread to several Iranian cities, a health ministry official said on Friday, as an outbreak that the authorities say began in the holy city of Qom caused two more deaths. Iran confirmed 13 new coronavirus cases, bringing the total in the country to 18, with four of the total having died. The majority of coronavirus cases in Iran have been in Qom, a Shiite Muslim holy city 75 miles south of the capital Tehran. The new cases comprised seven people diagnosed in Qom, four in the capital Tehran and two in Gilan province, Health Ministry spokesman Kianush Jahanpur said in a tweet. Health officials had called for the suspension of all religious gatherings in Qom. “It’s clear that new coronavirus has circulated in the country and probably the source of this illness was Chinese workers who work in the city of Qom and had traveled to China,” health ministry official Mohrez said, according to the official IRNA news agency. — Reuters

9:51 am: WHO officials hold press conference

World Health Organization officials are holding a press conference at 10 a.m. ET Friday to update the public on the outbreak. WHO officials declared the virus a global health emergency last month, while urging the public against over-reacting to the virus. However, the COVID-19 epidemic in China has not yet met world health officials’ designation of a global pandemic that spreads far and wide throughout the world. While it has spread to more than two dozen countries, international health officials say there’s little transmission on local levels outside of China right now. They have warned that could quickly change. Watch the live press conference here. — Feuer

9:22 am: Facebook is the latest to pull out of a major industry conference as fears batter travel industry

Organizers of the Mobile World Congress pulled the plug on the show — and the 100,000 visitors it normally draws — less than two weeks before it was set to start Monday in Barcelona, marking a turning point for companies in the global battle against a new virus that’s killed more than 2,100 in China over the last seven weeks. Since the disease, named COVID-19, emerged from the city of Wuhan in late December, U.S. airlines have cut service to much of China and Hong Kong and dozens of trade exhibitions and conferences have been canceled or postponed. Major corporations have pulled their executives from attending conferences across the globe, including major trade shows in the U.S., as fears of a possible pandemic spread of the virus gripped the world meeting market. — Miller

8:50 am: Beirut hospital confirms first case of coronavirus in Lebanon

The first case of coronavirus was confirmed in Lebanon on Friday after a woman arriving from Iran tested positive, a source at a Beirut hospital where the woman is being quarantined told Reuters. There were no further details immediately available on the case. Lebanon’s health minister was expected to hold a news conference on Friday to address the case. — Reuters

7:45 am: Expectations for a rate cut will fade as coronavirus fear eases, Fed’s James Bullard says

Markets that are expecting an interest rate cut are reacting to the coronavirus scare and likely will reverse once the fear starts to fade, St. Louis Fed President James Bullard said. In an interview on CNBC’s “Squawk Box,” Bullard pushed back on the likelihood of a cut, saying current policy seems right considering the pace of the record-breaking U.S. economic expansion. “There’s a high probability that the coronavirus will blow over as other viruses have, be a temporary shock and everything will come back. But there’s a low probability that this could get much worse,” he said. “Markets have to price that in, and that drags down the center of gravity a little bit. But if this all goes away, I expect that pricing will come back out of the market and we’ll be back to the on-hold scenario.” — Cox

7:30 am: It is possible coronavirus exists in all Iranian cities, Health Ministry says

Iran’s health ministry on Friday reportedly confirmed the coronavirus had spread to several cities nationwide, before adding the flu-like virus might exist in all of them. “Based on existing reports, the spread of the coronavirus started in Qom and with attention to people’s travels has now reached several cities in the country, including Tehran, Babol, Arak, Isfahan, Rasht, and other cities. And it is possible that it exists in all cities in Iran,” Health Ministry official Minou Mohrez said Friday, Reuters reported, citing the country’s official IRNA news agency. It comes after the Islamic Republic confirmed 18 total cases on Friday, and four patients have died. — Meredith

7:25 am: Coca-Cola takes an earnings hit on virus

Coca-Cola is forecasting that the coronavirus will drag down its first-quarter earnings by a penny to 2 cents a share. The company also estimates that the outbreak will hit unit case volume by 2% to 3% and organic revenue by 1% to 2%.The beverage giant is still expecting to meet its full-year outlook. Coke’s Chinese business accounts for about 10% of its global volume but less of its profit and revenue. — Lucas

6:45 am: Israel confirms passenger has tested positive upon return from coronavirus-hit ship in Japan

Israel’s Ministry of Health on Friday confirmed a passenger returning from a coronavirus-hit cruise ship in Japan has tested positive for COVID-19. The patient is in quarantine and under supervision, the Health Ministry said in a statement, adding the infection did not take place in Israel. The remaining passengers returning to Israel were reported to have tested negative for the coronavirus. — Meredith

6 am: Iran confirms 13 new cases of coronavirus, two deaths

Iran has confirmed two deaths among 13 new cases of the coronavirus, according to a statement from Health Ministry spokesperson Kinaush Jahanpur. Seven people found to have contracted the flu-like virus were diagnosed in Qom, four people in Tehran and two in Gilan, Jahanpur said Friday. The total number of confirmed cases in Iran has now climbed to 18, with four deaths. — Meredith

5:30 am: Chinese city says discharged virus patient tested positive after 10 days

A coronavirus patient who was discharged less than two weeks ago has tested positive for the virus, Chengdu Public Health and Medical Center said Friday in an online statement. The post said the patient was discharged on Feb. 10 after meeting requirements from China’s virus diagnosis protocol, and went home for a 14-day quarantine. The hospital said it received the patient on Wednesday for further treatment. Chengdu is the capital city of Sichuan province in southwestern China and located more than 1,100 kilometers (683 miles) away from Wuhan. — Wu

4:35 am: Confirmed cases in Hubei province cannot be removed, must now be added back, official says


Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: william feuer berkeley lovelace jr dawn kopecki, william feuer, berkeley lovelace jr, dawn kopecki
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Jim Cramer says Facebook, Snap, Twitter and Pinterest earnings were ‘about the expectations’

The “Mad Money” host crowned the stocks of Twitter and Pinterest as winners; denoted Facebook and Snapchat-parent Snap as losers. “None of them had perfect results, but Facebook and Snap had run going into the quarter, while Twitter and Pinterest had sold off ahead. So Facebook and Snap got pulverized while Twitter and Pinterest caught fire.” Below is his assessment of their quarterly reports and stock actions:Snapchat, Facebook, Twitter, Messenger, Instagram and LinkedIn apps shown on a smartph


The “Mad Money” host crowned the stocks of Twitter and Pinterest as winners; denoted Facebook and Snapchat-parent Snap as losers.
“None of them had perfect results, but Facebook and Snap had run going into the quarter, while Twitter and Pinterest had sold off ahead.
So Facebook and Snap got pulverized while Twitter and Pinterest caught fire.”
Below is his assessment of their quarterly reports and stock actions:Snapchat, Facebook, Twitter, Messenger, Instagram and LinkedIn apps shown on a smartph
Jim Cramer says Facebook, Snap, Twitter and Pinterest earnings were ‘about the expectations’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: tyler clifford
Keywords: news, cnbc, companies, expectations, pinterest, cramer, stock, earnings, jim, company, shares, facebook, twitter, revenue, quarter, share, snap


Jim Cramer says Facebook, Snap, Twitter and Pinterest earnings were 'about the expectations'

The four major social media companies are all performing well, but the diverging moves that the corresponding stocks made coming off earnings were have been defined by investor expectations, CNBC’s Jim Cramer said Friday. The “Mad Money” host crowned the stocks of Twitter and Pinterest as winners; denoted Facebook and Snapchat-parent Snap as losers. “It was about the expectations,” he said. “None of them had perfect results, but Facebook and Snap had run going into the quarter, while Twitter and Pinterest had sold off ahead. So Facebook and Snap got pulverized while Twitter and Pinterest caught fire.” Below is his assessment of their quarterly reports and stock actions:

Snapchat, Facebook, Twitter, Messenger, Instagram and LinkedIn apps shown on a smartphone screen. Chesnot | Getty Images

Twitter

Twitter shares suffered a 22% downfall earlier this year after reporting top- and bottom line misses on its October quarterly report. The stock managed to recover almost all of those losses after reporting mixed results in its fourth-quarter results in early February. The social media company came up short on earnings, but beat revenue expectations of $992 million by recording $1 billion on the top line, a year-over-year increase of more than 10%. Twitter also reported stronger-than-expected user growth, Cramer noted. The stock closed Friday at $38.31. While Twitter is also investing in its business, which stunts profits, to improve the social experience, investors were more forgiving of this one, he said. “I think it’s because the expectations for Twitter were lower, and also because the company’s proven it can overcome adversity. Even if this quarter wasn’t consistently better than expected, well it was certainly NABF — not as bad as feared.”

Pinterest

Pinterest shares rallied 23% from the start of 2019 before it reported earnings on Feb. 6. After delivering shareholders a top- and bottom-line beat and a bullish guidance, investors rewarded the stock with a nearly 10% increase the day after. The ideas discovering app benefited from strong user growth and an ability to monetize it, Cramer said. While the stock is up more than 20% this year, its down almost $3 from its February closing high. “Really, though, Pinterest is giving investors everything they want: strong revenue growth with steadily rising profitability. No wonder the stock ignited after the quarter. The stock surged to $26 two weeks ago. It has since cooled off back to $22 and, you know what, I think it’s kind of nuts that it went down that much.”

Facebook

Facebook shares sold off almost 10% in the two days after reporting a fourth-quarter beat at the end of January. As of Friday’s close, the stock is down about 6% since the earnings report. The social media giant, which owns the Instagram photo app and WhatsApp messaging platform, reported earnings per share of $2.56 and revenue of $21 billion, topping Wall Street estimates of $2.53 per share and $20.9 billion of revenue, according to FactSet. Though Cramer was pleased by the results, he said Wall Street wanted to see a wider marginal beat. After Facebook gave investors a series of strong quarterly reports in 2019, the stock was doomed by high expectations, he said. Shares had risen more than 8% from the beginning of the year going into the Jan. 29 report. Cramer said the stock was “priced for perfection going into the quarter.” “It didn’t help that Facebook’s revenue guidance for the next quarter was less than stellar [and] management plans to spend more money than Wall Street was expecting,” he said. “Anything less than perfection was going to spark a sell-off, and that’s exactly what happened. Long term, I remain a believer in Facebook.”

Snap

Snap stock almost tripled to $16.72 per share over the course of 2019. Cramer applauded the company, which markets a photo- and message-disappearing app, for improving its Android user experience and growing its user base, which attracts advertising dollars to the platform. The company came public at $24 in March 2017 and has not traded above $20 per share since February 2018, according to FactSet. Cramer recommended buying the stock in January at about $19 apiece. “I had been concerned that Snap had caught too many upgrades going into earnings,” the host said. “That raises the bar, making it harder for the company to beat expectations.” Still unprofitable, Snap’s quarterly losses were 5 cents per share worse than what Wall Street forecast and revenue came in just short. The company reported a loss of 17 cents per share, 21% lower than the year prior, and revenue of $561 million, up about 44%. Shares grew 16% from the start of 2019 before the earnings report earlier this month. The company lost nearly 15% of value the day after. Shares closed Friday’s session at $16.70. “Management said they’ll be losing more money than expected this quarter because they’re investing more heavily in the business. In response, the stock got completely eviscerated,” Cramer said. “It’s still down $3 from its high. That said, you know what, I’m telling you to buy it. I think you’re getting a great discount from where it was.”


Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: tyler clifford
Keywords: news, cnbc, companies, expectations, pinterest, cramer, stock, earnings, jim, company, shares, facebook, twitter, revenue, quarter, share, snap


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Stock market live updates: Dow down 200, JPMorgan sees ‘sell signals,’ hedge funds buy tech

Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange. The dollar hit a record high against the Brazilian real, reaching 4.4064, before pulling back from that level. Meanwhile, the Mexican peso fell more than 1% against the U.S. currency, hitting its lowest level against the dollar since Dec. 13. Analysts expected earnings of 14 cents per share on sales of $443 million, according to Refinitiv. —Imbert8:17 am: Here are Friday’s biggest anal


Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange.
The dollar hit a record high against the Brazilian real, reaching 4.4064, before pulling back from that level.
Meanwhile, the Mexican peso fell more than 1% against the U.S. currency, hitting its lowest level against the dollar since Dec. 13.
Analysts expected earnings of 14 cents per share on sales of $443 million, according to Refinitiv.
—Imbert8:17 am: Here are Friday’s biggest anal
Stock market live updates: Dow down 200, JPMorgan sees ‘sell signals,’ hedge funds buy tech Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: fred imbert michael bloom john melloy, fred imbert, michael bloom, john melloy
Keywords: news, cnbc, companies, sell, coronavirus, live, tech, stocks, jpmorgan, level, updates, stock, share, investors, sees, million, earnings, sales, signals, market, hedge, fell


Stock market live updates: Dow down 200, JPMorgan sees 'sell signals,' hedge funds buy tech

Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange. Drew Angerer | Getty Images

This is a live blog. Check back for updates.

10:24 am: LatAm currencies get hit as coronavirus fears rise

The Brazilian real, Mexican and Chilean pesos all fell against the U.S. dollar as forex traders dumped riskier currencies in favor of safer ones such as the greenback. The dollar hit a record high against the Brazilian real, reaching 4.4064, before pulling back from that level. Meanwhile, the Mexican peso fell more than 1% against the U.S. currency, hitting its lowest level against the dollar since Dec. 13. The Chilean peso, meanwhile, fell to its weakest level since Nov. 29 against the dollar. —Imbert, Francolla

10:17 am: Service sector PMI hits lowest level since 2013

The IHS Markit services purchasing manager’s index dipped into contraction territory for February. The flash PMI reading came in at 49.4, a 76-month low and down from 53.4 in January.The flash PMI for manufacturing also declined to 50.6 from a final reading of 51.9 in January, but stayed above the key 50.0 level that separates contraction and expansion. Both readings were well below expectations, according to Dow Jones. —Pound

10:11 am: January home sales beat estimates

Existing home sales declined in January 1.3% in January, but the annualized rate of 5.46 million homes still came in above expectations. Economists polled by Dow Jones projected a gain of 5.34 million. The better-than-expected sales data follows strong reports for housing starts and building permits earlier in the week. The housing sector is one reason that BNY Mellon Investment Management expects an uptick in U.S. growth by the middle of the year, said Alicia Levine, the group’s chief strategist. “If you look at the housing data over the last week or so, the housing data has been really good, much stronger than expected,” Levine said before Friday’s sales data was released. “And that tends to pull things up like construction and manufacturing and all the industries that are associated with it.” —Pound

9:59 am: Dropbox surges 16% after earnings beat

Shares of Dropbox jumped more than 16% after the cloud file-storage company posted better-than-expected quarterly numbers. Dropbox posted a profit of 16 cents a share on revenue of $446 million. Analysts expected earnings of 14 cents per share on sales of $443 million, according to Refinitiv. The company also announced a $600 million buyback. —Imbert

9:56 am: 30-year Treasury bond yield hits all-time low

The yield on the benchmark 30-year Treasury bond fell to an all-time low under 1.9% as of about 9:40 a.m. ET. The historic lows for the 30-year came as investors grew more nervous about the economic fallout from the coronavirus. The Friday bid for U.S. debt came as the Dow Jones Industrial Average fell more than 250 points in a market-wide pivot away from riskier assets. — Franck

9:41 am: Deere earnings pop 8% on strong earnings

Deere shares jumped about 8% after the construction equipment maker reported earnings per share and revenue that easily beat analyst expectations. The company posted a profit of $1.63 per share on revenue of $6.53 billion. Analysts polled by Refinitiv expected earnings of $1.25 per share on sales of $6.409 billion. CEO John May said fiscal first-quarter results showed “early signs of stabilization” in the U.S. farm sector. —Imbert

9:31 am: Dow falls more than 100 points at the open

Amid the lingering fears about the coronavirus, the Dow fell about 120 points to start Friday’s session, on pace to post its first weekly loss in three weeks. The S&P 500 dipped 0.5%, while the Nasdaq Composite dropped 0.4%. The so-called FANG stocks are all in the red at the open. — Li

9:23 am: Citi Private Bank CIO: ‘Rush to safety’ could end badly for investors when coronavirus outbreak abates

David Bailin, chief investment officer at Citi Private Bank, told CNBC on Friday that investors could get burned in a “rush to safety” due to coronavirus concerns. Gold, treasuries, utilities stocks and growth stocks “actually are going to turn out to be dangerous places in the market to be … when we get over the hump of the coronavirus,” Bailin said in a “Squawk Box” interview. “We think those are going to turn out to be places where the market is overvalued, and we’ll actually see reversals.” Bailin said he’s “constructive” on the overall market. However, he advises investors to pick their spots because, in his view, the S&P 500 is “fully priced.” —Belvedere

8:33 am: Hedge funds are crowding into a few stocks

Goldman Sachs notes that “the typical hedge fund now carries 69% of its long portfolio in its top 10 positions, up from 55% in 2005.” Top favorites of the hedge fund crowd include Amazon and Microsoft, according to a Goldman note. The firm also points out that all investors are crowding into the biggest stocks and that could be worrisome. “In the S&P 500, the 10 largest companies account for 25% of market cap, nearing the 27% share reached at the peak of the Tech Bubble in 2000,” the Goldman note stated. —Melloy

8:19 am: JPMorgan technical analyst calls for a market setback, says ‘short-term systematic sell signals’ triggered

The U.S. stock market could be subjected to near-term headwinds as a slew of “systematic sell signals” are tripped up, JPMorgan technical analyst Jason Hunter said in a note to clients. Hunter noted that as the S&P 500 hit record highs, it did so with “much less momentum and weaker internals.” Hunter also pointed to how narrow the leadership in the market has been, noting: “With only a select group of stocks powering the rally … multiple momentum and internal divergences provide technical signals that increase the probability for a short-term setback.” —Imbert

8:17 am: Here are Friday’s biggest analyst calls of the day

7:58 am: Stocks set to fall as coronavirus cases spike


Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: fred imbert michael bloom john melloy, fred imbert, michael bloom, john melloy
Keywords: news, cnbc, companies, sell, coronavirus, live, tech, stocks, jpmorgan, level, updates, stock, share, investors, sees, million, earnings, sales, signals, market, hedge, fell


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Coca-Cola expects coronavirus to lower first-quarter earnings, but holds firm to its 2020 forecast

Coca-Cola said Friday that the COVID-19 outbreak could drag down its first-quarter earnings by as much as 2 cents. Despite the hit to its first-quarter financial results, the company still expects to meet its full-year targets. Coke estimates 2020 organic revenue will grow by 5% and adjusted earnings per share will increase by 7% to $2.25. In 2019, the company reported net sales of $37.3 billion and earnings per share of $2.07. The company expects to provide more information about the outbreak’s


Coca-Cola said Friday that the COVID-19 outbreak could drag down its first-quarter earnings by as much as 2 cents.
Despite the hit to its first-quarter financial results, the company still expects to meet its full-year targets.
Coke estimates 2020 organic revenue will grow by 5% and adjusted earnings per share will increase by 7% to $2.25.
In 2019, the company reported net sales of $37.3 billion and earnings per share of $2.07.
The company expects to provide more information about the outbreak’s
Coca-Cola expects coronavirus to lower first-quarter earnings, but holds firm to its 2020 forecast Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: amelia lucas
Keywords: news, cnbc, companies, lower, coronavirus, cocacola, volume, holds, firstquarter, organic, hit, forecast, company, share, global, earnings, 2020, revenue, expects, firm


Coca-Cola expects coronavirus to lower first-quarter earnings, but holds firm to its 2020 forecast

Coca-Cola said Friday that the COVID-19 outbreak could drag down its first-quarter earnings by as much as 2 cents.

The global beverage giant is forecasting that the virus will hit its quarterly earnings by 1 cent to 2 cents, unit case volume by 2% to 3% and organic revenue by 1% to 2%.

Despite the hit to its first-quarter financial results, the company still expects to meet its full-year targets. Coke estimates 2020 organic revenue will grow by 5% and adjusted earnings per share will increase by 7% to $2.25. In 2019, the company reported net sales of $37.3 billion and earnings per share of $2.07.

Shares of the company are down less than 1% in premarket trading. The stock, which has a market value of $256 billion, is up 30% over the last 12 months.

Coke executives told analysts on its fourth-quarter earnings call in late January that China accounts for about 10% of its global volume but less of its profits and revenue. The company expects to provide more information about the outbreak’s impact on its business during its first-quarter earnings call in April.

Coke will be presenting at the Consumer Analyst Group of New York (CAGNY) conference in Boca Raton, Florida, later on Friday morning.


Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: amelia lucas
Keywords: news, cnbc, companies, lower, coronavirus, cocacola, volume, holds, firstquarter, organic, hit, forecast, company, share, global, earnings, 2020, revenue, expects, firm


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Deere rises after tractor-maker reports better-than-expected earnings, says farming stabilizing

A Deere & Co. John Deere 9560 combine harvester unloads soft red winter (SRW) wheat during a harvest in the village of Kirkland in Dekalb, Illinois, July 9, 2018. Shares of Deere spiked Friday morning after the agriculture company topped estimates for its fiscal first quarter and said the farming sector in the United States is starting to stabilize. The company reported $1.63 in adjusted earnings per share and $6.53 billion of revenue for the quarter. Analysts expected $1.25 in earnings per shar


A Deere & Co. John Deere 9560 combine harvester unloads soft red winter (SRW) wheat during a harvest in the village of Kirkland in Dekalb, Illinois, July 9, 2018.
Shares of Deere spiked Friday morning after the agriculture company topped estimates for its fiscal first quarter and said the farming sector in the United States is starting to stabilize.
The company reported $1.63 in adjusted earnings per share and $6.53 billion of revenue for the quarter.
Analysts expected $1.25 in earnings per shar
Deere rises after tractor-maker reports better-than-expected earnings, says farming stabilizing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: jesse pound
Keywords: news, cnbc, companies, reports, billion, united, betterthanexpected, segment, deere, quarter, agriculture, rises, company, stock, share, profit, earnings, stabilizing, farming, tractormaker


Deere rises after tractor-maker reports better-than-expected earnings, says farming stabilizing

A Deere & Co. John Deere 9560 combine harvester unloads soft red winter (SRW) wheat during a harvest in the village of Kirkland in Dekalb, Illinois, July 9, 2018.

Shares of Deere spiked Friday morning after the agriculture company topped estimates for its fiscal first quarter and said the farming sector in the United States is starting to stabilize.

The company reported $1.63 in adjusted earnings per share and $6.53 billion of revenue for the quarter. Analysts expected $1.25 in earnings per share and $6.409 billion of revenue, according to Refinitiv. The stock was up more than 8% to about $180 per share in early trading.

“John Deere’s first-quarter performance reflected early signs of stabilization in the U.S. farm sector,” CEO John May said in a statement.

Deere and other major agriculture companies have been hit by the trade war between the U.S. and China, which has made farmers unsure of how large the market for their products will be.

Sales in the company’s agriculture and turf segment were down 4% compared with the same quarter last year, but operating profit rose 7% segment. The company said operating profit grew in part due to lower production costs.

The company said it expects net income of between $2.7 billion and $3.1 billion for the full year. It did not change its guidance for agriculture and turf equipment sales, which includes a 5% decline in the United States and Canada.

Friday’s sharp increase represents a turnaround for the stock, which had been down more than 4% so far this year. The stock is within a few percentage points of its 52-week high at $180.48 per share.

Deere suffered sales and profit declines in its construction and forestry segment for the quarter, and the company said it expects those to be down 10 to 15% for the year.


Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: jesse pound
Keywords: news, cnbc, companies, reports, billion, united, betterthanexpected, segment, deere, quarter, agriculture, rises, company, stock, share, profit, earnings, stabilizing, farming, tractormaker


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