Homebuilder stocks are getting crushed, but one analyst says the chart looks so bad — it’s good

Homebuilder stocks get crushed, but one analyst says the chart looks so bad — it’s good 4:49 PM ET Thu, 15 Nov 2018 | 04:00Homebuilder stocks are getting hammered. While some investors are avoiding homebuilders amid rising interest rates that traditionally serve as a headwind for the economically sensitive group of stocks, others say evidence is mounting for a bounce. Technically, that’s good in contrast to some name-specific damage that we’ve seen,” Gordon said Thursday on CNBC’s “Trading Natio


Homebuilder stocks get crushed, but one analyst says the chart looks so bad — it’s good 4:49 PM ET Thu, 15 Nov 2018 | 04:00Homebuilder stocks are getting hammered. While some investors are avoiding homebuilders amid rising interest rates that traditionally serve as a headwind for the economically sensitive group of stocks, others say evidence is mounting for a bounce. Technically, that’s good in contrast to some name-specific damage that we’ve seen,” Gordon said Thursday on CNBC’s “Trading Natio
Homebuilder stocks are getting crushed, but one analyst says the chart looks so bad — it’s good Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: rebecca ungarino, source, rick wilking, samxmeg, getty images, kcna, thomas barwick getty images, lawrence mcdonald
Keywords: news, cnbc, companies, gordon, good, crushed, chart, bad, rates, continue, homebuilder, stocks, looks, thats, getting, analyst, homebuyers, xhb, interest, group


Homebuilder stocks are getting crushed, but one analyst says the chart looks so bad — it's good

Homebuilder stocks get crushed, but one analyst says the chart looks so bad — it’s good 4:49 PM ET Thu, 15 Nov 2018 | 04:00

Homebuilder stocks are getting hammered.

The group fell Friday for the sixth time in seven sessions, bringing the total year-to-date losses for the XHB, a popular homebuilder-tracking ETF, to 23 percent. While some investors are avoiding homebuilders amid rising interest rates that traditionally serve as a headwind for the economically sensitive group of stocks, others say evidence is mounting for a bounce.

The XHB began accelerating its losses this year once the U.S. 10-year Treasury yield broke above 2.8 percent, said Todd Gordon, technical analyst and founder of TradingAnalysis.com. From there, homebuilders’ move lower has been quite sharp, but he sees support forming on the chart.

“As long as you’re above $31 to $32 [per share], technical support is in place, and we can continue higher. We’re already pushing up at the $34 mark. Technically, that’s good in contrast to some name-specific damage that we’ve seen,” Gordon said Thursday on CNBC’s “Trading Nation,” referring to levels on the XHB.

Barring an unforeseen spike in rates, Gordon said, he sees the group heading higher from here. He’s not betting on a rapid rate rise, either, he said; bond volatility has fallen.

Still, others are more cautious given the Federal Reserve’s monetary tightening path.

“You’re finally seeing some wage growth. That should be good news for homebuyers, but here’s the problem. We have been in an interest rate hiking cycle, and as we continue to see the economy continuing to grow, that hiking is likely going to continue and interest rates really affect first-time homebuyers. And that’s actually been the focus for most of the homebuilding market right now. So they’re really sensitive to very small moves in interest rates, because it does move their monthly mortgage, and that does matter to first-time homebuyers. So I think that’s a big problem,” Gina Sanchez, CEO of Chantico Global, said Thursday on “Trading Nation.”

Still, she said relief could be in store for housing stocks due to falling costs. Lumber prices have crashed this year, Sanchez pointed out, and that should help margins. Land supply is also limited relative to demand, so that should also be a boon to the group.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: rebecca ungarino, source, rick wilking, samxmeg, getty images, kcna, thomas barwick getty images, lawrence mcdonald
Keywords: news, cnbc, companies, gordon, good, crushed, chart, bad, rates, continue, homebuilder, stocks, looks, thats, getting, analyst, homebuyers, xhb, interest, group


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Why recent market turmoil might be a good thing for your tax bill

If this fall’s market turbulence is giving you vertigo, here’s a thought that might make you feel a little better: your losses could help you save on 2018 taxes. If you have a taxable account, this strategy allows you to sell stocks, bonds and other investments that have fallen in value so that you can offset capital gains from holdings that you’ve sold that rose in value. “You might have had a large amount of gains recognized throughout the year,” said Brian Wainscoat, a CPA and tax specialist


If this fall’s market turbulence is giving you vertigo, here’s a thought that might make you feel a little better: your losses could help you save on 2018 taxes. If you have a taxable account, this strategy allows you to sell stocks, bonds and other investments that have fallen in value so that you can offset capital gains from holdings that you’ve sold that rose in value. “You might have had a large amount of gains recognized throughout the year,” said Brian Wainscoat, a CPA and tax specialist
Why recent market turmoil might be a good thing for your tax bill Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: darla mercado, ataboy, getty images
Keywords: news, cnbc, companies, goes, turmoil, works, strategy, market, youve, bill, thing, offset, recent, good, wainscoat, tax, wrong, gains


Why recent market turmoil might be a good thing for your tax bill

If this fall’s market turbulence is giving you vertigo, here’s a thought that might make you feel a little better: your losses could help you save on 2018 taxes.

Say hello to tax-loss harvesting.

If you have a taxable account, this strategy allows you to sell stocks, bonds and other investments that have fallen in value so that you can offset capital gains from holdings that you’ve sold that rose in value.

“You might have had a large amount of gains recognized throughout the year,” said Brian Wainscoat, a CPA and tax specialist at Personal Capital.

“As the market goes up and down, we can look at those losing positions, dispose of them and offset gains from throughout the year, reducing the overall tax liability,” he said.

Here’s how this strategy works — and what could happen if it goes wrong.


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: darla mercado, ataboy, getty images
Keywords: news, cnbc, companies, goes, turmoil, works, strategy, market, youve, bill, thing, offset, recent, good, wainscoat, tax, wrong, gains


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Cramer Remix: If you want a long-term cannabis play, look no further

Cramer Remix: If you want a long-term cannabis play, look no further 5 Hours Ago | 01:03Investors looking for a way to capitalize on the rise of legal cannabis should look no further than Canadian cannabis giant Canopy Growth Corp., CNBC’s Jim Cramer said as stocks recovered from a multi-day selling streak. Because it’s got that big position with Constellation [Brands],” the “Mad Money” host told a caller on Thursday. Cramer was referring to Constellation Brands’ $4 billion stake in Canopy Growt


Cramer Remix: If you want a long-term cannabis play, look no further 5 Hours Ago | 01:03Investors looking for a way to capitalize on the rise of legal cannabis should look no further than Canadian cannabis giant Canopy Growth Corp., CNBC’s Jim Cramer said as stocks recovered from a multi-day selling streak. Because it’s got that big position with Constellation [Brands],” the “Mad Money” host told a caller on Thursday. Cramer was referring to Constellation Brands’ $4 billion stake in Canopy Growt
Cramer Remix: If you want a long-term cannabis play, look no further Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: elizabeth gurdus, alex wong, getty images, frederick florin, afp, source
Keywords: news, cnbc, companies, youve, remix, canopy, look, good, brands, play, constellation, cramer, longterm, think, growth, cannabis


Cramer Remix: If you want a long-term cannabis play, look no further

Cramer Remix: If you want a long-term cannabis play, look no further 5 Hours Ago | 01:03

Investors looking for a way to capitalize on the rise of legal cannabis should look no further than Canadian cannabis giant Canopy Growth Corp., CNBC’s Jim Cramer said as stocks recovered from a multi-day selling streak.

“That’s the only one you can really own and you’ve got to sell the rest. Why? Because it’s got that big position with Constellation [Brands],” the “Mad Money” host told a caller on Thursday.

Cramer was referring to Constellation Brands’ $4 billion stake in Canopy Growth, a vote of confidence by the alcohol maker that the cannabis industry’s growth is still in its early innings.

“If you believe, over the long term, that cannabis is going to be good, I think Constellation’s good and I think Canopy’s good. It’s got the best balance sheet. That matters a great deal to me,” Cramer said.


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: elizabeth gurdus, alex wong, getty images, frederick florin, afp, source
Keywords: news, cnbc, companies, youve, remix, canopy, look, good, brands, play, constellation, cramer, longterm, think, growth, cannabis


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Cramer: For the first time, Powell seems concerned about the economy, and that’s good

Cramer: For the first time, Powell seems concerned about the economy, and that’s good 2 Hours Ago | 01:57Federal Reserve Chairman Jerome Powell’s comments about the U.S. economy on Wednesday may have been the central bank chief’s first real acknowledgment of an economic slowdown, CNBC’s Jim Cramer says. To Cramer, Powell’s remarks “basically amounted to a realization” that the Fed’s interest rate hikes are affecting the U.S. economy. I’m going to slap on a rate increase in December, and then I’m


Cramer: For the first time, Powell seems concerned about the economy, and that’s good 2 Hours Ago | 01:57Federal Reserve Chairman Jerome Powell’s comments about the U.S. economy on Wednesday may have been the central bank chief’s first real acknowledgment of an economic slowdown, CNBC’s Jim Cramer says. To Cramer, Powell’s remarks “basically amounted to a realization” that the Fed’s interest rate hikes are affecting the U.S. economy. I’m going to slap on a rate increase in December, and then I’m
Cramer: For the first time, Powell seems concerned about the economy, and that’s good Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, cramer, powells, powell, worse, economy, interest, rates, good, concerned, im, know, thats, going


Cramer: For the first time, Powell seems concerned about the economy, and that's good

Cramer: For the first time, Powell seems concerned about the economy, and that’s good 2 Hours Ago | 01:57

Federal Reserve Chairman Jerome Powell’s comments about the U.S. economy on Wednesday may have been the central bank chief’s first real acknowledgment of an economic slowdown, CNBC’s Jim Cramer says.

“It’s the first time that I’ve actually heard Jay Powell say, ‘You know what? We’ve got to be careful, because there are signs of the economy slowing,’ whether it be because of tariffs, whether it be just because genuine economic activity seems to be cooling off,” Cramer told investors on “Mad Money.”

During a question-and-answer session in Dallas, Powell conceded that the global economy is not growing at the same pace it was last year, but said that overall, the domestic picture looks good. He described the global layout as gradually “chipping away” at the pace of growth but said it is “not a terrible slowdown.”

To Cramer, Powell’s remarks “basically amounted to a realization” that the Fed’s interest rate hikes are affecting the U.S. economy.

“If you’re thinking that way, you’re not going to be thinking, ‘You know what? I’m going to slap on a rate increase in December, and then I’m going to just add three more blindly in 2019,'” Cramer said.

“He gets that the tightenings have had an impact and that maybe he shouldn’t keep tightening, because the impact is going to get worse and worse and worse for the economy,” the “Mad Money” host continued. “And he said he did not want to be responsible for setting us back.”

Powell has been a target of criticism from Cramer and from President Donald Trump for the Fed’s aggressive plan to hike interest rates to a level where they are neither accommodative nor restrictive to the economy. The central bank is expected to hike interest rates once more in December and three times in 2019.

But even Powell’s newfound sense of caution doesn’t guarantee that the central bank won’t continue to raise rates to economically crippling levels, Cramer warned.

“I need everybody to think that things are going to be awful,” he said. “The bear market that everyone is talking about? Well, it’s got to be universally accepted and people have to keep leaving. And if they don’t, then what’s going to happen is someone’s going to say, ‘You know what? I heard Powell. I’m going to stay in.’ Every weak hand has to go.”

The major averages endured another day of declines Wednesday as weakness from shares of Apple and the banking sector weighed on the broader market.

— CNBC’s Jeff Cox contributed to this report.

Disclosure: Cramer’s charitable trust owns shares of Apple.


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, cramer, powells, powell, worse, economy, interest, rates, good, concerned, im, know, thats, going


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Powell credits Fed policy for the US economy being ‘in a good place’

During a question-and-answer session in Dallas, Powell conceded that the global economy is not growing at the same pace it was last year. “I’m very happy about the state of the economy now,” he said in an interview with Dallas Fed President Robert Kaplan. “Our policy is part of the reason why our economy is in such a good place right now.” That’s because Powell announced earlier this year that he will be meeting with the press after all eight FOMC meetings. “We have to be thinking about how much


During a question-and-answer session in Dallas, Powell conceded that the global economy is not growing at the same pace it was last year. “I’m very happy about the state of the economy now,” he said in an interview with Dallas Fed President Robert Kaplan. “Our policy is part of the reason why our economy is in such a good place right now.” That’s because Powell announced earlier this year that he will be meeting with the press after all eight FOMC meetings. “We have to be thinking about how much
Powell credits Fed policy for the US economy being ‘in a good place’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: jeff cox
Keywords: news, cnbc, companies, policy, fed, place, powell, continue, economy, credits, control, rates, good, used, raise, rate, public


Powell credits Fed policy for the US economy being 'in a good place'

Federal Reserve Chairman Jerome Powell expressed confidence in U.S. economic strength Wednesday and said markets will have to get used to the idea that the central bank could raise rates at any time starting in 2019.

During a question-and-answer session in Dallas, Powell conceded that the global economy is not growing at the same pace it was last year. But he said overall the domestic picture looks good. He described the global picture as a “gradual chipping away” at the pace of growth but said it is “not a terrible slowdown.”

“I’m very happy about the state of the economy now,” he said in an interview with Dallas Fed President Robert Kaplan. “Our policy is part of the reason why our economy is in such a good place right now.”

That confidence has translated into a commitment by the policymaking Federal Open Market Committee to continue to increase short-term interest rates in a gradual but steady manner. The committee has approved three quarter-point increases this year and is expected to go through with a fourth in December.

Powell has faced some criticism for the Fed’s policy. President Donald Trump has been vocal in his belief that the central bank’s interest rate policy is the biggest threat to the growth seen during his administration.

For his part, Powell has refused to be drawn into a public debate with the president, maintaining that the Fed is independent and will continue to do what it thinks is best to maintain economic growth while keeping inflation under control and ensuring financial stability.

“We have a very important job that Congress has assigned us: Serve the public,” he said. “That’s our sole focus. We don’t try to control things we don’t control. We try to control the controllable. We’re just trying to do our jobs, and we’re doing fine.”

Powell did nothing to dispel anticipation that the rate hikes would continue. In fact, he said that in 2019, investors should know that the practice of the Fed only hiking rates quarterly, at meetings where the chair holds a news conference afterwards, will no longer be the case.

That’s because Powell announced earlier this year that he will be meeting with the press after all eight FOMC meetings. The committee has not wanted to make rate decisions without the public having the benefit of hearing the chair explain why.

“Certainly all meetings are live now, there’s no question about it now,” he said.

“Over time, folks will get used to the idea that we can and will move at any meeting,” he added.

However, he did say the Fed will continue to monitor financial conditions.

“We have to be thinking about how much further to raise rates and the pace at which we will raise rates,” he said. “I think the way we will be approaching that is to be looking really carefully at how the markets and the economy and business contacts will be reacting to our policy.”

“Our goals will be to extend the recovery … and to keep unemployment low and inflation low. So that’s how we’re going to think about it,” he added.

Asked about the recent market volatility, which brought the major averages close to correction levels of a 10 percent decline, Powell said stock prices are “one of many, many factors” used to assess the economy.


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: jeff cox
Keywords: news, cnbc, companies, policy, fed, place, powell, continue, economy, credits, control, rates, good, used, raise, rate, public


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Cramer: Wall Street is ‘absurd’ for punishing Home Depot for good earnings

Wall Street is crazy for punishing Home Depot for a great quarterly earnings report, CNBC’s Jim Cramer argued on Tuesday. “Home Depot was not dead,” Cramer said on “Squawk on the Street” as the Dow component was falling sharply. For Advanced Auto Parts to be up so strongly “on a very small comp beat and Home Depot to be down?” Before the bell on Tuesday, Home Depot reported third-quarter earnings that beat analyst expectations. However, shares of Home Depot opened about 1 percent lower and more


Wall Street is crazy for punishing Home Depot for a great quarterly earnings report, CNBC’s Jim Cramer argued on Tuesday. “Home Depot was not dead,” Cramer said on “Squawk on the Street” as the Dow component was falling sharply. For Advanced Auto Parts to be up so strongly “on a very small comp beat and Home Depot to be down?” Before the bell on Tuesday, Home Depot reported third-quarter earnings that beat analyst expectations. However, shares of Home Depot opened about 1 percent lower and more
Cramer: Wall Street is ‘absurd’ for punishing Home Depot for good earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: berkeley lovelace jr, scott mlyn
Keywords: news, cnbc, companies, improvement, dow, beat, sales, cramer, wall, good, shares, street, depot, absurd, punishing, earnings


Cramer: Wall Street is 'absurd' for punishing Home Depot for good earnings

Wall Street is crazy for punishing Home Depot for a great quarterly earnings report, CNBC’s Jim Cramer argued on Tuesday.

“Home Depot was not dead,” Cramer said on “Squawk on the Street” as the Dow component was falling sharply.

For Advanced Auto Parts to be up so strongly “on a very small comp beat and Home Depot to be down?” Cramer asked.

That’s “absurd,” he argued.

Before the bell on Tuesday, Home Depot reported third-quarter earnings that beat analyst expectations. The home improvement giant also raised its full-year sales outlook.

Initially, in premarket trading, Home Depot was jumping higher, prompting Cramer’s early morning tweet about whether the stock could help reverse Monday’s more than 600-point drop in the Dow Jones Industrial Average.

However, shares of Home Depot opened about 1 percent lower and more than doubled that decline.

Cramer, whose charitable trust does not own shares of Home Depot, has said he prefers that home improvement retailer over rival Lowe’s because of what he called generally better earnings results, same-store sales, and growth.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: berkeley lovelace jr, scott mlyn
Keywords: news, cnbc, companies, improvement, dow, beat, sales, cramer, wall, good, shares, street, depot, absurd, punishing, earnings


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I tested Amazon’s super-cheap microwave that you can talk to, and it’s pretty darn good

It’s a good idea: Normally I have no idea how to cook things without a label. I asked Alexa to defrost what I guessed was 12 ounces of frozen chicken, and it set the timer for 8:48. You just open the Alexa app on an iPhone or Android device, tap an icon for “devices,” then choose to add a microwave. As I mentioned before, you need to have an Amazon Echo if you want to give the microwave instructions by voice — there isn’t a speaker built into the microwave — but any model will do. Once I connect


It’s a good idea: Normally I have no idea how to cook things without a label. I asked Alexa to defrost what I guessed was 12 ounces of frozen chicken, and it set the timer for 8:48. You just open the Alexa app on an iPhone or Android device, tap an icon for “devices,” then choose to add a microwave. As I mentioned before, you need to have an Amazon Echo if you want to give the microwave instructions by voice — there isn’t a speaker built into the microwave — but any model will do. Once I connect
I tested Amazon’s super-cheap microwave that you can talk to, and it’s pretty darn good Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: todd haselton, stephen brashear, getty images
Keywords: news, cnbc, companies, pretty, automatically, defrost, alexa, microwave, set, idea, food, supercheap, app, amazons, tested, good, talk, amazon, darn, echo


I tested Amazon's super-cheap microwave that you can talk to, and it's pretty darn good

You can also defrost some foods, such as vegetables or meat. It’s a good idea: Normally I have no idea how to cook things without a label.

I asked Alexa to defrost what I guessed was 12 ounces of frozen chicken, and it set the timer for 8:48. It worked!

Amazon told me it worked with a food science lab to get the proper timings for all of these food items.

All of this is really easy to set up.

You just open the Alexa app on an iPhone or Android device, tap an icon for “devices,” then choose to add a microwave. The app walks you through the rest of set-up and even connects to your Wi-Fi automatically if you’ve already set it up with an Echo or Amazon Fire TV product.

As I mentioned before, you need to have an Amazon Echo if you want to give the microwave instructions by voice — there isn’t a speaker built into the microwave — but any model will do. Once I connected it to the Echo through the app, I was able to talk to the microwave through the Echo.

There’s also a button on the microwave that automatically activates the Echo you have paired up if you don’t want to say “Hey Alexa” every time.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: todd haselton, stephen brashear, getty images
Keywords: news, cnbc, companies, pretty, automatically, defrost, alexa, microwave, set, idea, food, supercheap, app, amazons, tested, good, talk, amazon, darn, echo


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Cramer’s lightning round: How investors should approach the ‘best-in-show’ stock of Nvidia

I think the quarter is going to be just OK, not great. I would sell half and then see what happens, because it really did have a good quarter. The Fed’s got it wrong and I would say buy, buy, buy!” Exxon did have a good quarter. If that stock comes down, buy, buy, buy.’


I think the quarter is going to be just OK, not great. I would sell half and then see what happens, because it really did have a good quarter. The Fed’s got it wrong and I would say buy, buy, buy!” Exxon did have a good quarter. If that stock comes down, buy, buy, buy.’
Cramer’s lightning round: How investors should approach the ‘best-in-show’ stock of Nvidia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, doing, investors, approach, buy, going, quarter, round, cramers, lightning, good, think, nvidia, corp, great, bestinshow, stock, ok, able


Cramer's lightning round: How investors should approach the 'best-in-show' stock of Nvidia

Nvidia Corp.: “Yes[, this is a good time to start nibbling on Nvidia]. OK, Nvidia reports on Thursday. I think the quarter is going to be just OK, not great. I think your next quarter is going to have a product gap because they’ve got this Turing chip that is so smart that nobody’s running for it yet. But the answer is I agree. I’d buy a little before and then a little after. Do not make a big commitment because the stock is in free fall, but I like your thinking. Long term, it is the best in show.”

Impinj Inc.: “This one is way too crazy for me. In this market, for identification [and] RFID, we like Zebra, not this one. Don’t buy.”

Roku Inc.: “You’re still OK. It is coming down because it’s one of those situations where what’s happened is the market no longer likes these very high-multiple stocks. I would sell half and then see what happens, because it really did have a good quarter. It was not a bad quarter.”

Cypress Semiconductor Corp.: “I think Cypress is way too low to be able to give up right now. I think the quarter’s actually going to be OK. People don’t like that group, but Cypress is doing well and the management is excellent and you can pocket that dividend.”

Science Applications Intl. Corp.: “I like that military provider and I think it’s really terrific. I’ll tell you what: I don’t understand why that company is still public. I think it’s only a matter of time. I want you to stay long it. I would even buy some right here. Good idea.”

Micron Technology Inc.: “No. Not cheap yet. I think that you haven’t seen the estimates cut. As soon as the estimates are cut, then we can look at it. Until then, it can continue to go lower.”

AvalonBay Communities Inc.: “That actually is doing well because people are having a hard time being able to afford a new home, so that’s why it’s doing well. I think it’s a good stock here.”

Prudential Financial Inc.: “I like Prudential here. I like the insurers. We are in a deflationary environment, not an inflationary environment. The Fed’s got it wrong and I would say buy, buy, buy!”

Eaton Corp.: “I think Eaton’s good. The quarter wasn’t spectacular, but it’s a good industrial. Now, you’ve got to deal with the fact that Europe is, I think, teetering on recession, but all that said, I would hold [it] for the long term. Management’s done a good job.”

Exxon Mobil Corp.: “You can’t go wrong with Exxon Mobil, but you have to understand that I think that oil’s probably headed to the low $50s, high $40s, and there, you’ll be able to pick up a little bit more. So you can buy some now and some later, but 11 straight days of oil going down is not a good sign. Exxon did have a good quarter. It’s got a great balance sheet.”

SAP SE: “I have to tell you, I think [the Qualtrics deal] is one of those ‘Keeping Up with the Joneses’ situations. I think they’re trying to stay in the game, stay relevant with Salesforce. I prefer Salesforce. I’m going to talk about Salesforce when [the ActionAlertsPlus.com club has] our conference call Wednesday and why I think that SAP, while good, is not as good.”

Vornado Realty Trust: “Here’s my issue: Vornado, Simon Property Group, Federal Realty, Kimco, they all act great, and that’s because I think that they’re not going to be able to get financing to be able to build a lot of other malls or shopping centers. VNO is right. And I’ve got to tell you, this guy Steve Roth who runs it? He’s tough. I like him.”

McDonald’s Corp.: “Oh, man. McDonald’s is probably best in show. We had a meeting this morning with my staff and I said, ‘You know what? If that stock comes down, buy, buy, buy.’ But it doesn’t want to come in. [CEO] Steve Easterbrook’s doing a great job.”


Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, doing, investors, approach, buy, going, quarter, round, cramers, lightning, good, think, nvidia, corp, great, bestinshow, stock, ok, able


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The US has a chance to have its first World Chess Champion since Bobby Fischer

The World Chess Championship begins in London on Friday between reigning champion Magnus Carlsen and U.S. challenger Fabiano Caruana. Carlsen told CNBC on the eve of the opening match. I enjoy the struggle of playing human players. Should 26-year-old Caruana win, he’ll be the first American since Bobby Fischer in the mid-1970’s to hold the title. Chess has 600 million fans worldwide and its promoters claim that makes it the most participated sport in the world.


The World Chess Championship begins in London on Friday between reigning champion Magnus Carlsen and U.S. challenger Fabiano Caruana. Carlsen told CNBC on the eve of the opening match. I enjoy the struggle of playing human players. Should 26-year-old Caruana win, he’ll be the first American since Bobby Fischer in the mid-1970’s to hold the title. Chess has 600 million fans worldwide and its promoters claim that makes it the most participated sport in the world.
The US has a chance to have its first World Chess Champion since Bobby Fischer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-09  Authors: adam reed, tristan fewings, getty images entertainment, getty images
Keywords: news, cnbc, companies, fischer, chess, bobby, good, champion, carlsen, million, human, told, long, caruana, chance, title, playing, world


The US has a chance to have its first World Chess Champion since Bobby Fischer

The World Chess Championship begins in London on Friday between reigning champion Magnus Carlsen and U.S. challenger Fabiano Caruana. They’ll contest twelve matches spread over a three-week period to decide the 2018 winner.

There’s over $1 million dollars in prize money on offer, with this match being billed as the toughest to call in years, given how evenly matched the two player’s rankings are.

“I want the games to be long and not so much decided by home preparation. It’s all about a battle of minds on the board, which is really what I find most exciting. I think this is what Fabiano also finds the most exciting, since he is not the kind of player who relies on home preparation.” Carlsen told CNBC on the eve of the opening match.

This head-to-head battle of human intelligence is the Norwegian’s preferred form of competition and, despite advances in A.I. technology, he wouldn’t want to see a computer entered into the Chess World Championship.

“Computers are better than humans now and that’s not going to change,” Carlsen said. “I enjoy playing the best, but only as long as it’s a human. I enjoy the struggle of playing human players. To me playing a computer is far less interesting and not something I would do in an official tournament or match.’

Carlsen has been the champion since 2010, winning the title three-times in that period, but said in the pre-match conference that his form would need to “step up” if he was to win.

Should 26-year-old Caruana win, he’ll be the first American since Bobby Fischer in the mid-1970’s to hold the title. Despite the history and the quality of his opponent, Caruana insisted he was looking forward to the challenge.

“His standards are very high, he’s still having good results, just maybe not as good as he’d hoped,” the Italian-American told CNBC at the launch of the event. “It’s like boxing, you have two guys who are slugging it out for a very long time and I think it’ll go down to the wire, which is another good reason to tune in.” he added.

Chess has 600 million fans worldwide and its promoters claim that makes it the most participated sport in the world.

The newly elected president of chess’s governing body FIDE, Arkady Dvorkovich, wants to increase prize-money for future tournaments and ensure the women’s game has equal stature. Currently, total prizes on offer for women is roughly a quarter of what the men make.

The 2016 world championship took place in New York and attracted a host of famous names to watch including Bill Gates, Mark Zuckerburg and Jay-Z. A further ten million people followed the match online and that number is predicted to increase this time around.


Company: cnbc, Activity: cnbc, Date: 2018-11-09  Authors: adam reed, tristan fewings, getty images entertainment, getty images
Keywords: news, cnbc, companies, fischer, chess, bobby, good, champion, carlsen, million, human, told, long, caruana, chance, title, playing, world


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P&G CEO David Taylor worries trade war will destroy consumer confidence in American brands

Procter & Gamble CEO David Taylor worries about the long-term damage the global trade war will have on consumer behavior and spending. “What I worry most about with the trade war is it destroys consumers’ confidence in American brands,” Taylor told CNBC’s Sara Eisen in an interview that aired Friday on “Squawk on the Street.” “Higher costs from tariffs may also translate into higher prices, reduce P&G sales, and undermine American jobs in P&G U.S. operations,” P&G lobbyist Selina Jackson wrote.


Procter & Gamble CEO David Taylor worries about the long-term damage the global trade war will have on consumer behavior and spending. “What I worry most about with the trade war is it destroys consumers’ confidence in American brands,” Taylor told CNBC’s Sara Eisen in an interview that aired Friday on “Squawk on the Street.” “Higher costs from tariffs may also translate into higher prices, reduce P&G sales, and undermine American jobs in P&G U.S. operations,” P&G lobbyist Selina Jackson wrote.
P&G CEO David Taylor worries trade war will destroy consumer confidence in American brands Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-09  Authors: robert ferris, lauren hirsch, scott mlyn
Keywords: news, cnbc, companies, war, destroy, products, trade, ceo, global, tariffs, good, david, consumer, pg, costs, taylor, confidence, worries, company


P&G CEO David Taylor worries trade war will destroy consumer confidence in American brands

Procter & Gamble CEO David Taylor worries about the long-term damage the global trade war will have on consumer behavior and spending.

“What I worry most about with the trade war is it destroys consumers’ confidence in American brands,” Taylor told CNBC’s Sara Eisen in an interview that aired Friday on “Squawk on the Street.”

Rising commodity costs have already forced the company to hike prices on Pampers diapers, Bounty paper towels, Charmin toilet paper and Puffs tissues in recent months, and the trade war isn’t helping.

“It’s not good. I believe, and our company believes, in free and open trade. We think that raises all boats,” Taylor said. “It’d be good for the global economy, good for our country, good for China for a productive and constructive resolution of this.”

Still, Taylor noted he has not yet seen an impact on consumer confidence.

Procter & Gamble tends to manufacture close to its customer base, so its products intended for Chinese buyers are typically made in China and products for American buyers are mostly made in the United States. As such, Taylor noted P&G is impacted less than other global companies by trade ware threats.

The maker of everyday household goods, including Tide detergent and Crest toothpaste, said in early October that tariffs on products sent to Canada were hurting the company. P&G successfully obtained an exemption from paying steel tariffs on its Gillette and Venus brand razor blades after arguing against the levies in a letter to the U.S. Trade Representative.

“Higher costs from tariffs may also translate into higher prices, reduce P&G sales, and undermine American jobs in P&G U.S. operations,” P&G lobbyist Selina Jackson wrote.

Still, Taylor said the U.S. remains a primary focus for the company. He said that with innovation of its brands like Olay Whips cream-to-liquid moisturizer and Tide Pods detergent packets, he is confident Americans will continue to be willing to “pay a little more because they provide better value.”

That’s even as it sees competition from cheaper, store-owned brands.

Meantime, the sprawling consumer products company announced plans Thursday to simplify its operations.

The announcement came after activist investor Nelson Peltz joined the board in March following a vigorous proxy battle. Peltz had previously pushed for a simplified structure, saying it would improve accountability, agility and responsiveness to local needs.

Under the new business structure, the company will now have six sector business units organized by industry. Each business will have a unit “CEO” responsible for running all major decisions, like marketing, costs and supply chain.

“We did certainly consult with all 12 of our external board members. And we have a very active and engaged board…But certainly any good ideas we’ll take. I don’t care where they come,” said Taylor.

Shares of P&G have jumped by more than 29 percent since hitting a 52-week low of $70.73 a share in May, giving it a market value of $227.6 billion. They closed on Thursday at $91.36 a share and opened Friday’s session little changed.

WATCH:Twelve US execs explain how Trump’s trade war affects their bottom lines


Company: cnbc, Activity: cnbc, Date: 2018-11-09  Authors: robert ferris, lauren hirsch, scott mlyn
Keywords: news, cnbc, companies, war, destroy, products, trade, ceo, global, tariffs, good, david, consumer, pg, costs, taylor, confidence, worries, company


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