Facebook and Alphabet upgraded by Stifel on advertising optimism

Stifel is betting on Facebook and Alphabet as businesses increasingly spend more on advertising both in the U.S. and abroad. The firm upgraded shares of Google’s parent company Alphabet and social media giant Facebook to buy from hold. Stifel hiked its price target for Alphabet to $1,525 from $1,325, a 14% upside to the stock’s closing price on Wednesday. Stifel raised Facebook’s price target to $240 from $215, a 20% upside from Wednesday’s closing price. U.S. advertising spending continues to o


Stifel is betting on Facebook and Alphabet as businesses increasingly spend more on advertising both in the U.S. and abroad.
The firm upgraded shares of Google’s parent company Alphabet and social media giant Facebook to buy from hold.
Stifel hiked its price target for Alphabet to $1,525 from $1,325, a 14% upside to the stock’s closing price on Wednesday.
Stifel raised Facebook’s price target to $240 from $215, a 20% upside from Wednesday’s closing price.
U.S. advertising spending continues to o
Facebook and Alphabet upgraded by Stifel on advertising optimism Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, advertising, growth, upgraded, price, target, optimism, spend, facebook, upside, stifel, alphabet, firm


Facebook and Alphabet upgraded by Stifel on advertising optimism

Stifel is betting on Facebook and Alphabet as businesses increasingly spend more on advertising both in the U.S. and abroad.

The firm upgraded shares of Google’s parent company Alphabet and social media giant Facebook to buy from hold. Stifel hiked its price target for Alphabet to $1,525 from $1,325, a 14% upside to the stock’s closing price on Wednesday. Stifel raised Facebook’s price target to $240 from $215, a 20% upside from Wednesday’s closing price.

U.S. advertising spending continues to outpace GDP growth and since the last recession, growth in global advertising spend has remained steady around 5% year-over-year, the firm noted.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, advertising, growth, upgraded, price, target, optimism, spend, facebook, upside, stifel, alphabet, firm


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Facebook and Alphabet upgraded by Stifel on advertising optimism

Stifel is betting on Facebook and Alphabet as businesses increasingly spend more on advertising both in the U.S. and abroad. The firm upgraded shares of Google’s parent company Alphabet and social media giant Facebook to buy from hold. Stifel hiked its price target for Alphabet to $1,525 from $1,325, a 14% upside to the stock’s closing price on Wednesday. Stifel raised Facebook’s price target to $240 from $215, a 20% upside from Wednesday’s closing price. U.S. advertising spending continues to o


Stifel is betting on Facebook and Alphabet as businesses increasingly spend more on advertising both in the U.S. and abroad.
The firm upgraded shares of Google’s parent company Alphabet and social media giant Facebook to buy from hold.
Stifel hiked its price target for Alphabet to $1,525 from $1,325, a 14% upside to the stock’s closing price on Wednesday.
Stifel raised Facebook’s price target to $240 from $215, a 20% upside from Wednesday’s closing price.
U.S. advertising spending continues to o
Facebook and Alphabet upgraded by Stifel on advertising optimism Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, advertising, growth, upgraded, price, target, optimism, spend, facebook, upside, stifel, alphabet, firm


Facebook and Alphabet upgraded by Stifel on advertising optimism

Stifel is betting on Facebook and Alphabet as businesses increasingly spend more on advertising both in the U.S. and abroad.

The firm upgraded shares of Google’s parent company Alphabet and social media giant Facebook to buy from hold. Stifel hiked its price target for Alphabet to $1,525 from $1,325, a 14% upside to the stock’s closing price on Wednesday. Stifel raised Facebook’s price target to $240 from $215, a 20% upside from Wednesday’s closing price.

U.S. advertising spending continues to outpace GDP growth and since the last recession, growth in global advertising spend has remained steady around 5% year-over-year, the firm noted.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, advertising, growth, upgraded, price, target, optimism, spend, facebook, upside, stifel, alphabet, firm


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Dow drops 200 points after worse-than-expected manufacturing data

The Dow Jones Industrial Average fell 200 points, or 0.8%. Manufacturing activity in the U.S. continued to contract last month, the Institute for Supply Management said. Sentiment was also dented after President Donald Trump said China still wants to make a deal on trade, “but we’ll see what happens.” Trade worries also offset stronger-than-expected manufacturing data out of China. The Caixin/Markit manufacturing Purchasing Managers’ Index came in at 51.8 for November, topping a Reuters estimate


The Dow Jones Industrial Average fell 200 points, or 0.8%.
Manufacturing activity in the U.S. continued to contract last month, the Institute for Supply Management said.
Sentiment was also dented after President Donald Trump said China still wants to make a deal on trade, “but we’ll see what happens.”
Trade worries also offset stronger-than-expected manufacturing data out of China.
The Caixin/Markit manufacturing Purchasing Managers’ Index came in at 51.8 for November, topping a Reuters estimate
Dow drops 200 points after worse-than-expected manufacturing data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: fred imbert
Keywords: news, cnbc, companies, dow, points, 200, month, came, wants, worsethanexpected, manufacturing, tariffs, optimism, trade, drops, data, trump, china


Dow drops 200 points after worse-than-expected manufacturing data

Monday’s losses came after a strong performance in November. The major averages had their biggest monthly gains since June, rallying to record highs. The S&P 500 climbed 3.4% last month while the Dow advanced 3.7%. The Nasdaq rallied 4.5%.

The Dow Jones Industrial Average fell 200 points, or 0.8%. The S&P 500 pulled back 0.8% while the Nasdaq Composite traded 1.4% lower. The major averages started off the session with slight gains before turning lower.

Stocks dropped on Monday, the first trading day of December, as investors digested disappointing economic data along with the latest trade news after capping a month that featured blistering gains.

A General Motors assembly worker moves a V6 engine, used in a variety of GM cars, trucks and crossovers, from the final assembly line at the GM Romulus Powertrain plant in Romulus, Michigan, August 21, 2019.

“The trend and momentum going into December are bullish,” said Bruce Bittles, chief investment strategist at Baird. “However, investor optimism is registering as excessive by many of the services we follow. While optimism is not euphoric, excessive investor optimism generally suggests a pause in a bull market.”

Manufacturing activity in the U.S. continued to contract last month, the Institute for Supply Management said. The ISM Manufacturing PMI dipped to 48.1 in November. That’s below an estimate of 49.4. Stocks hit their session lows after the data was released.

“All in all, this should take some wind out of the sails of the argument that the U.S. economy is accelerating going into the end of the year,” said Jon Hill, vice president of rates strategy at BMO Capital Markets.

Sentiment was also dented after President Donald Trump said China still wants to make a deal on trade, “but we’ll see what happens.” There is no clear indication of when both countries will be able to sign an agreement and last week saw fresh tension between Washington and Beijing after Trump signed legislation supporting protesters in Hong Kong.

That comment came after Chinese state media reported Sunday that Beijing wants a cancellation of tariffs for a phase one trade deal.

Trump also said Monday he will restore tariffs on metal imports from Brazil and Argentina. In a tweet, he said: “Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries.”

Trump noted in a separate tweet that “U.S. markets are up as much as 21%” since his first tariffs announcement on March 1, 2018, adding the U.S. is “taking in massive amounts of money.”

The percolating uncertainty around trade came despite Axios reporting, citing a source, that Trump is expected to hold off on additional tariffs against China set to kick in this month in the hopes of striking a deal before year-end.

Trade worries also offset stronger-than-expected manufacturing data out of China. The Caixin/Markit manufacturing Purchasing Managers’ Index came in at 51.8 for November, topping a Reuters estimate of 51.4.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: fred imbert
Keywords: news, cnbc, companies, dow, points, 200, month, came, wants, worsethanexpected, manufacturing, tariffs, optimism, trade, drops, data, trump, china


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Small business confidence rebounds on optimism about US-China trade deal

Resurgent optimism about the future of U.S. trade policy, along with a surprise spike in optimism about technological changes, helped lift confidence among small business owners, according to the fourth-quarter 2019 CNBC/SurveyMonkey Small Business Survey. The Small Business Confidence Index is calculated based on entrepreneurs’ responses to a set of eight questions about their businesses. Optimism about coming changes in technology also boosted the small business confidence index. Nine percent


Resurgent optimism about the future of U.S. trade policy, along with a surprise spike in optimism about technological changes, helped lift confidence among small business owners, according to the fourth-quarter 2019 CNBC/SurveyMonkey Small Business Survey.
The Small Business Confidence Index is calculated based on entrepreneurs’ responses to a set of eight questions about their businesses.
Optimism about coming changes in technology also boosted the small business confidence index.
Nine percent
Small business confidence rebounds on optimism about US-China trade deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: david spiegel, laura wronski, senior research scientist
Keywords: news, cnbc, companies, index, quarter, rebounds, business, uschina, deal, number, optimism, trade, small, owners, confidence


Small business confidence rebounds on optimism about US-China trade deal

US President Donald Trump shows a letter from Chinese President Xi Jinping as he announces an initial trade deal with China at the Oval Office of the White House in Washington, DC on October 11, 2019.

Resurgent optimism about the future of U.S. trade policy, along with a surprise spike in optimism about technological changes, helped lift confidence among small business owners, according to the fourth-quarter 2019 CNBC/SurveyMonkey Small Business Survey.

The CNBC/SurveyMonkey Small Business Confidence Index rose from 57 in the third quarter to 59 in the fourth quarter, indicating that owners are feeling better about the overall outlook for their businesses. The Small Business Confidence Index is calculated based on entrepreneurs’ responses to a set of eight questions about their businesses.

Increased optimism around trade helped the index rebound from an all-time low of 57 hit in Q3. Twenty-four percent of small business owners expect trade to have a positive effect on their businesses over the next year, up from 16% in Q3.

The Trump administration announced a “phase one” trade agreement with China last month. Despite the administration’s repeated insistence that a deal is imminent, no agreement officially has been signed. Over the weekend, there were reports that China is demanding a rollback of existing tariffs before it will agree to phase one of the trade deal. There are also some concerns that the trade deal could become intertwined with China and U.S. dueling positions on Hong Kong.

Optimism about coming changes in technology also boosted the small business confidence index. After nine quarters of virtually no movement, the number of small business owners who expect technological changes to have a positive effect on their businesses jumped from 41% to 48% this quarter. The jump is hard to explain, but was pushed by big jumps in optimism among small business owners under age 35 and among owners in the arts, entertainment and leisure industries.

Confidence rose despite a less positive outlook on overall business conditions. Nine percent of small business owners describe current business conditions as “bad,” the highest number since the fourth quarter of 2017. The number describing conditions as “good” fell from 55% in Q3 to 53%, but that number is still well above all-time lows.

This CNBC/SurveyMonkey online poll was conducted Nov. 12–18, 2019, among a national sample of 2,081 self-identified small business owners ages 18 and up.

See full results of the fourth quarter CNBC/SurveyMonkey Small Business Survey. The survey is conducted quarterly using SurveyMonkey’s online platform and based on its survey methodology.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: david spiegel, laura wronski, senior research scientist
Keywords: news, cnbc, companies, index, quarter, rebounds, business, uschina, deal, number, optimism, trade, small, owners, confidence


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European markets slightly lower despite trade optimism; Travel and leisure stocks down 2.4%

European markets traded slightly lower on Tuesday morning, despite optimism over progress in the U.S.-China trade dispute. The pan-European Stoxx 600 slipped 0.1% below the flatline in early trade, with travel and leisure stocks dropping 2.5% as most sectors and major bourses edged into negative territory. Trade negotiators from Washington and Beijing held another phone call Tuesday morning, where the two sides discussed “resolving core issues,” according to the Chinese Ministry of Commerce. The


European markets traded slightly lower on Tuesday morning, despite optimism over progress in the U.S.-China trade dispute.
The pan-European Stoxx 600 slipped 0.1% below the flatline in early trade, with travel and leisure stocks dropping 2.5% as most sectors and major bourses edged into negative territory.
Trade negotiators from Washington and Beijing held another phone call Tuesday morning, where the two sides discussed “resolving core issues,” according to the Chinese Ministry of Commerce.
The
European markets slightly lower despite trade optimism; Travel and leisure stocks down 2.4% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: ryan browne
Keywords: news, cnbc, companies, slightly, optimism, travel, party, morning, ministry, europe, saw, reporting, early, despite, leisure, traded, lower, trade, markets, stocks, european


European markets slightly lower despite trade optimism; Travel and leisure stocks down 2.4%

European markets traded slightly lower on Tuesday morning, despite optimism over progress in the U.S.-China trade dispute.

The pan-European Stoxx 600 slipped 0.1% below the flatline in early trade, with travel and leisure stocks dropping 2.5% as most sectors and major bourses edged into negative territory.

Trade negotiators from Washington and Beijing held another phone call Tuesday morning, where the two sides discussed “resolving core issues,” according to the Chinese Ministry of Commerce. The call was between Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, the ministry said in a statement.

Shares in Asia got a boost from the news, while investors also monitored Alibaba’s strong Hong Kong debut. The MSCI Asia ex-Japan index traded about 0.2% higher.

Back in Europe, British Prime Minister Boris Johnson’s Conservative Party saw its lead over the opposition Labour Party narrow to 7 points in the last week, according to an opinion poll by ICM for Reuters. The country is heading for a general election that’s due to take place on Dec. 12.

Sterling slid 0.2% against the dollar following the news, trading at $1.2872 early on Tuesday.

In corporate news, U.K. food delivery firm Just Eat urged its shareholders to reject a $6.3 billion takeover offer from Prosus, saying a separate proposal from Takeaway.com was a better fit for the firm.

In terms of individual stocks, Vifor Pharma shares added 3.8% after reporting positive data for a new drug study, while car parts maker Faurecia climbed 3.2% after projecting record profits in 2022.

Compass Group saw its stock fall 7% after reporting full-year results in which it warned on performance in Europe.


Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: ryan browne
Keywords: news, cnbc, companies, slightly, optimism, travel, party, morning, ministry, europe, saw, reporting, early, despite, leisure, traded, lower, trade, markets, stocks, european


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US-China trade optimism is overdone, Asia expert Stephen Roach warns

Wall Street is overestimating the benefits of a U.S.-China trade agreement, according to one of the world’s leading authorities on Asia. Stephen Roach, who lived in China from 2007 until 2012 during his tenure as chairman of Morgan Stanley Asia, is warning investors the ultimate deal won’t deliver, and stocks will sell off. If stocks rally after a trade agreement, investors should take profits quickly because it’s unlikely to last, he has said. According to Roach, progress on trade with China wi


Wall Street is overestimating the benefits of a U.S.-China trade agreement, according to one of the world’s leading authorities on Asia.
Stephen Roach, who lived in China from 2007 until 2012 during his tenure as chairman of Morgan Stanley Asia, is warning investors the ultimate deal won’t deliver, and stocks will sell off.
If stocks rally after a trade agreement, investors should take profits quickly because it’s unlikely to last, he has said.
According to Roach, progress on trade with China wi
US-China trade optimism is overdone, Asia expert Stephen Roach warns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: stephanie landsman
Keywords: news, cnbc, companies, trade, think, optimism, china, stocks, stephen, asia, investors, overdone, unlikely, roach, expert, phase, uschina, warns, deal, agreement


US-China trade optimism is overdone, Asia expert Stephen Roach warns

Wall Street is overestimating the benefits of a U.S.-China trade agreement, according to one of the world’s leading authorities on Asia.

Stephen Roach, who lived in China from 2007 until 2012 during his tenure as chairman of Morgan Stanley Asia, is warning investors the ultimate deal won’t deliver, and stocks will sell off.

“To the extent that ‘phase one’ is a big event that the markets are looking at, I think the news will be far more disappointing than the rumor of a deal,” the Yale University senior fellow told CNBC’s “Trading Nation” on Monday.” “It may be a classic case of buying on the rumor.”

The Dow, S&P 500 and Nasdaq locked in another round of record high closes on Monday, and a major driver was speculation the U.S. and China were closing in on the first part of a trade deal.

Roach is confident Washington and Beijing will sign a “phase one” agreement. However, he predicts it will be a one-and-done deal.

“There is a strong political incentive on both sides to cut a deal. I think we’ll look back on ‘phase one’ and wonder why we called it ‘phase one’ because we’re unlikely to see phases two, three four and anything else,” he said. “This deal will be cosmetic [and] will accomplish very little for the American worker.”

If stocks rally after a trade agreement, investors should take profits quickly because it’s unlikely to last, he has said.

“We have trade deficits with over 100 countries right now, that’s a hollow accomplishment to say the least,” he said.

According to Roach, progress on trade with China will not meaningfully rev up global growth. With or without an agreement, he thinks the significant slowdown gripping the global trade cycle will persist.

“It’s going to be hard to restart that on a dime. The outlook for trade over the next year, I think, is still very, very subdued, and that’ll affect not just China but all economies in East Asia,” Roach said. “It’s already affecting Mexico which is technically back in recession, and it’ll have an impact on trade sensitive economies in Europe, especially Germany.”

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: stephanie landsman
Keywords: news, cnbc, companies, trade, think, optimism, china, stocks, stephen, asia, investors, overdone, unlikely, roach, expert, phase, uschina, warns, deal, agreement


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US consumer sentiment comes in higher than expected for November

Consumer sentiment unexpectedly rose in November, according to data released Friday by the University of Michigan. The university’s index of consumer sentiment climbed to 96.8 from 95.5 last month. Economists polled by Dow Jones expected consumer sentiment to dip to 94.9 for November. An index reflecting consumer expectations moving forward also rose to 87.3 from 84.2 in October. Richard Curtin, chief economist at the Surveys of Consumers, said consumer sentiment has not been at 95 or higher in


Consumer sentiment unexpectedly rose in November, according to data released Friday by the University of Michigan.
The university’s index of consumer sentiment climbed to 96.8 from 95.5 last month.
Economists polled by Dow Jones expected consumer sentiment to dip to 94.9 for November.
An index reflecting consumer expectations moving forward also rose to 87.3 from 84.2 in October.
Richard Curtin, chief economist at the Surveys of Consumers, said consumer sentiment has not been at 95 or higher in
US consumer sentiment comes in higher than expected for November Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: fred imbert
Keywords: news, cnbc, companies, expected, expectations, index, economist, optimism, sentiment, consumer, rose, higher, comes, consumers, period, economic


US consumer sentiment comes in higher than expected for November

Consumer sentiment unexpectedly rose in November, according to data released Friday by the University of Michigan.

The university’s index of consumer sentiment climbed to 96.8 from 95.5 last month. Economists polled by Dow Jones expected consumer sentiment to dip to 94.9 for November. An index reflecting consumer expectations moving forward also rose to 87.3 from 84.2 in October.

Richard Curtin, chief economist at the Surveys of Consumers, said consumer sentiment has not been at 95 or higher in 30 of the past 35 months. That level of optimism has not been seen since the period between January 1998 and December 2000, when the index remained at 100 or above in 34 or 36 months.

“Although impeachment proceedings occurred in both time periods, the current period is distinctive for the much sharper partisan divisions in the economic expectations among consumers as well as the wide gap in optimism between consumers and business firms,” Curtin said. “One side anticipates a recession, while the other side expects an uninterrupted expansion in the year ahead.”

“To be sure, there is ample reason for both optimism as well as pessimism, but not the extreme differences voiced by these groups,” he added.

Favorable evaluations of consumers’ financial situation is at a record high while household wealth is rising, the economist noted. But risks from the ongoing U.S.-China trade war and slow global economic growth could lead to “negative shocks” for consumers.

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Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: fred imbert
Keywords: news, cnbc, companies, expected, expectations, index, economist, optimism, sentiment, consumer, rose, higher, comes, consumers, period, economic


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Treasury yields rise for the first time in 4 days on US-China trade optimism

U.S. government debt prices retreated on Friday as investors grew more optimistic about a U.S.-China trade agreement. The yield on the benchmark 10-year Treasury note, which moves inversely to price, rose to around 1.8428%, the first day of gains since Monday. The yield on the 30-year Treasury bond was also higher at around 2.3238%. Larry Kudlow, the White House economic adviser, said Thursday that Washington is getting close to a trade deal with Beijing. His comments have followed recent report


U.S. government debt prices retreated on Friday as investors grew more optimistic about a U.S.-China trade agreement.
The yield on the benchmark 10-year Treasury note, which moves inversely to price, rose to around 1.8428%, the first day of gains since Monday.
The yield on the 30-year Treasury bond was also higher at around 2.3238%.
Larry Kudlow, the White House economic adviser, said Thursday that Washington is getting close to a trade deal with Beijing.
His comments have followed recent report
Treasury yields rise for the first time in 4 days on US-China trade optimism Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: silvia amaro, yun li
Keywords: news, cnbc, companies, yield, trade, rise, rose, washington, rights, treasury, retreated, days, white, optimism, uschina, yields, reports


Treasury yields rise for the first time in 4 days on US-China trade optimism

U.S. government debt prices retreated on Friday as investors grew more optimistic about a U.S.-China trade agreement.

The yield on the benchmark 10-year Treasury note, which moves inversely to price, rose to around 1.8428%, the first day of gains since Monday. The yield on the 30-year Treasury bond was also higher at around 2.3238%.

Larry Kudlow, the White House economic adviser, said Thursday that Washington is getting close to a trade deal with Beijing. His comments have followed recent reports that both countries had hit an impasse over agricultural products and intellectual property rights.


Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: silvia amaro, yun li
Keywords: news, cnbc, companies, yield, trade, rise, rose, washington, rights, treasury, retreated, days, white, optimism, uschina, yields, reports


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I doubt the stock market can absorb much higher tariffs, Jim Cramer says, but a China deal could provide a ‘major boost’

In an address a the Economic Club of New York, Trump signaled that U.S. and China negotiators were “close” to settling on a so-called phase one trade deal, but threatened to increase tariffs “very substantially” if one does not come to fruition. “When you consider how high this market is, I doubt it can absorb much higher tariffs,” the “Mad Money” host said. “But if the Chinese really are eager to make a deal, well that would give the averages a major boost.” Cramer went on to explain varying “g


In an address a the Economic Club of New York, Trump signaled that U.S. and China negotiators were “close” to settling on a so-called phase one trade deal, but threatened to increase tariffs “very substantially” if one does not come to fruition.
“When you consider how high this market is, I doubt it can absorb much higher tariffs,” the “Mad Money” host said.
“But if the Chinese really are eager to make a deal, well that would give the averages a major boost.”
Cramer went on to explain varying “g
I doubt the stock market can absorb much higher tariffs, Jim Cramer says, but a China deal could provide a ‘major boost’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-12  Authors: tyler clifford
Keywords: news, cnbc, companies, higher, stock, doubt, market, money, deal, cramer, trumps, speech, think, trade, provide, tariffs, jim, major, optimism


I doubt the stock market can absorb much higher tariffs, Jim Cramer says, but a China deal could provide a 'major boost'

CNBC’s Jim Cramer said Tuesday that President Donald Trump’s willingness to raise tariffs on Chinese imports was the “more important” statement that the leader of the free world made in a speech earlier that day.

In an address a the Economic Club of New York, Trump signaled that U.S. and China negotiators were “close” to settling on a so-called phase one trade deal, but threatened to increase tariffs “very substantially” if one does not come to fruition.

“When you consider how high this market is, I doubt it can absorb much higher tariffs,” the “Mad Money” host said. “But if the Chinese really are eager to make a deal, well that would give the averages a major boost.”

Cramer went on to explain varying “glass half full” and “half empty” perspectives on the latest developments in the ongoing U.S.-China trade war. The pessimistic glass-half-empty cohort forecast that more pain is in the works as the December tariff hikes could go into effect. The optimistic glass-half-full contingent is banking on Trump’s tease that a breakthrough in trade talks is nigh.

However, there is a “glass-totally-full camp” that Cramer said thinks a trade truce between the world’s largest economies is imminent, pointing to positive comments the president’s chief economic advisor Larry Kudlow made on CNBC Tuesday.

“When Larry spoke to CNBC later in the afternoon, he talked about how there could be some real agreement going on … [and] made it sound like [it’s] just a matter of time before we get a deal,” said Cramer, noting how the market swung up and down and up again during Trump’s speech. “I think the optimism of this third group is almost unhinged.”

The S&P 500 hit an intraday low of 3,084.73 before finishing Tuesday’s trading session up 0.16% at 3,091.84.

“I think that as long as the interest rates stay low … this sense of optimism can sustain itself until we get some bad news on the China front,” he said. “Of course, if there’s a major trade deal, the glass-is-full crew will turn out to be right — otherwise they’re going to be too bullish unless some fresh money comes in to take us higher regardless.”


Company: cnbc, Activity: cnbc, Date: 2019-11-12  Authors: tyler clifford
Keywords: news, cnbc, companies, higher, stock, doubt, market, money, deal, cramer, trumps, speech, think, trade, provide, tariffs, jim, major, optimism


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Asia stocks set to trade higher as optimism rise on US-China trade developments

Shares in Asia were set to trade higher on Friday after the Dow Jones Industrial Average closed overnight at a record high amid renewed optimism on the U.S.-China trade front. Meanwhile, shares in Australia inched higher in early trade, with the S&P/ASX 200 up fractionally. The ministry spokesperson said both sides were closer to a so-called “phase one” trade agreement following constructive negotiations over the past two weeks. A U.S. official also said both sides agreed to the tariffs rollback


Shares in Asia were set to trade higher on Friday after the Dow Jones Industrial Average closed overnight at a record high amid renewed optimism on the U.S.-China trade front.
Meanwhile, shares in Australia inched higher in early trade, with the S&P/ASX 200 up fractionally.
The ministry spokesperson said both sides were closer to a so-called “phase one” trade agreement following constructive negotiations over the past two weeks.
A U.S. official also said both sides agreed to the tariffs rollback
Asia stocks set to trade higher as optimism rise on US-China trade developments Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: eustance huang
Keywords: news, cnbc, companies, uschina, nikkei, asia, higher, spokesperson, stocks, developments, expected, sides, trade, shares, ministry, rise, optimism, rollback, tariffs, set


Asia stocks set to trade higher as optimism rise on US-China trade developments

Shares in Asia were set to trade higher on Friday after the Dow Jones Industrial Average closed overnight at a record high amid renewed optimism on the U.S.-China trade front.

Futures pointed to a higher open for Japanese shares. The Nikkei futures contract in Chicago was at 23,550 and its counterpart at Osaka was at 23,520. That compared against the Nikkei 225’s last close at 23,330.32.

Meanwhile, shares in Australia inched higher in early trade, with the S&P/ASX 200 up fractionally. The Reserve Bank of Australia’s monetary policy statement is expected to be released around 8:30 a.m. HK/SIN.

Sentiment got a boost on Thursday after Gao Feng, a ministry spokesperson for China’s Commerce Ministry, said both sides had agreed to simultaneously cancel some existing tariffs on one another’s goods, according to the country’s state broadcaster. The ministry spokesperson said both sides were closer to a so-called “phase one” trade agreement following constructive negotiations over the past two weeks.

A U.S. official also said both sides agreed to the tariffs rollback, according to Reuters. Still, the outlet also reported the plan faces fierce internal opposition in the White House.

“The elevation of discussion from a trade truce to a possible tariff rollback is important and suggests both China and the US have come under pressure to seal a deal,” Tapas Strickland, director of economics and markets at National Australia Bank, wrote in a note.

Those developments came ahead of the release of China’s October trade data, expected to be out around 11:00 a.m. HK/SIN on Friday.


Company: cnbc, Activity: cnbc, Date: 2019-11-08  Authors: eustance huang
Keywords: news, cnbc, companies, uschina, nikkei, asia, higher, spokesperson, stocks, developments, expected, sides, trade, shares, ministry, rise, optimism, rollback, tariffs, set


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