Analyst who turned heads by predicting a ‘Lehman-like’ plunge says we’re not out of the woods yet

A trader works at the New York Stock Exchange in New York, the United States, on Aug. 5, 2019. Nomura macro and quant strategist Masanari Takada made waves earlier this month with his prediction of a crisis-level plunge to arrive as soon as late August. The imminent risk for the market meltdown is Fed Chair Jerome Powell’s speech on Friday at the central bank’s annual Jackson Hole, Wyoming, symposium, the strategist said. “Investors should be on their guard until it becomes clear just how dovish


A trader works at the New York Stock Exchange in New York, the United States, on Aug. 5, 2019. Nomura macro and quant strategist Masanari Takada made waves earlier this month with his prediction of a crisis-level plunge to arrive as soon as late August. The imminent risk for the market meltdown is Fed Chair Jerome Powell’s speech on Friday at the central bank’s annual Jackson Hole, Wyoming, symposium, the strategist said. “Investors should be on their guard until it becomes clear just how dovish
Analyst who turned heads by predicting a ‘Lehman-like’ plunge says we’re not out of the woods yet Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: yun li
Keywords: news, cnbc, companies, predicting, risk, fed, analyst, woods, strategist, takada, recession, chair, market, points, speech, plunge, lehmanlike, dow, turned, heads


Analyst who turned heads by predicting a 'Lehman-like' plunge says we're not out of the woods yet

A trader works at the New York Stock Exchange in New York, the United States, on Aug. 5, 2019. U.S. stocks plunged on Monday as investors worry that U.S. President Donald Trump’s threatened new tariffs on Chinese imports will worsen trade prospects. The Dow Jones Industrial Average decreased 767.27 points, or 2.90 percent, to 25,717.74. The S&P 500 fell 87.31 points, or 2.98 percent, to 2,844.74. The Nasdaq Composite Index was down 278.03 points, or 3.47 percent, to 7,726.04. (Photo by Guo Peiran/Xinhua via Getty Images)

The market rebound this week hasn’t convinced the strategist who predicted a “Lehman-like” sell-off for late August or early September that the risk is completely off the table.

Nomura macro and quant strategist Masanari Takada made waves earlier this month with his prediction of a crisis-level plunge to arrive as soon as late August. With a key speech from the Federal Reserve’s chairman on deck and the bond market’s repeated recession warnings, the likelihood of a sell-off that catastrophic is still not zero, according to the strategist.

“Although the likely magnitude of any second bottoming looks to have declined, the risk of a vol-up scenario playing out at the end of August or early September has not been completely eliminated, in our view,” Takada said in a note to clients Thursday.

The market took a huge beating last week with the Dow Jones Industrial Average suffering its worst day of the year on Aug. 14 when the yield curve briefly inverted, fueling worries of a recession. Stocks have rebounded since but the Dow is still down more than 2% in August. The imminent risk for the market meltdown is Fed Chair Jerome Powell’s speech on Friday at the central bank’s annual Jackson Hole, Wyoming, symposium, the strategist said.

“The current equity rally seems largely driven by wishful thinking,” Takada said. “Investors should be on their guard until it becomes clear just how dovish Fed Chair Jerome Powell will lean in his comments at Jackson Hole.”

Stocks turned lower Thursday in a sharp move after a third trigger of the recession indicator and weak U.S. manufacturing data. The major averages then recovered as traders decided to wait for Powell’s remarks.

If the speech from the Fed chair turns out to be a disappointment, global macro hedge funds would start fleeing the market again, stopping the S&P 500 from breaking above 2,960, the strategist said. The benchmark closed Thursday’s trading at 2,924.43.


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: yun li
Keywords: news, cnbc, companies, predicting, risk, fed, analyst, woods, strategist, takada, recession, chair, market, points, speech, plunge, lehmanlike, dow, turned, heads


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Analysts are predicting China’s Tencent will climb back above $500 billion in value

The Chinese giant is forecast to report the following results for the June quarter: 93.42 billion yuan ($11.9 billion) in revenue, according to estimates from Refinitiv. Profit attributable to shareholders of 20.74 billion yuan ($2.64 billion), according to estimates from Refinitiv. That hurt Tencent’s business, which relies on a large portion — nearly 41% in the first quarter — of revenue from online gaming. Nomura said in a recent note that it expects online gaming revenue to grow 10% year-on-


The Chinese giant is forecast to report the following results for the June quarter: 93.42 billion yuan ($11.9 billion) in revenue, according to estimates from Refinitiv. Profit attributable to shareholders of 20.74 billion yuan ($2.64 billion), according to estimates from Refinitiv. That hurt Tencent’s business, which relies on a large portion — nearly 41% in the first quarter — of revenue from online gaming. Nomura said in a recent note that it expects online gaming revenue to grow 10% year-on-
Analysts are predicting China’s Tencent will climb back above $500 billion in value Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: arjun kharpal
Keywords: news, cnbc, companies, billion, revenue, game, gaming, analysts, business, tencent, predicting, chinas, according, wechat, value, video, 500, tencents, climb


Analysts are predicting China's Tencent will climb back above $500 billion in value

Tencent’s headquarters in Shenzhen, China, pictured in August 2016. Bloomberg | Getty Images

Tencent is reporting second-quarter earnings on Wednesday and the the market is expecting the company’s core gaming business and its financial technology division to mean strong revenue growth. The Chinese giant is forecast to report the following results for the June quarter: 93.42 billion yuan ($11.9 billion) in revenue, according to estimates from Refinitiv. If realized, that would represent a nearly 27% year-on-year rise.

Profit attributable to shareholders of 20.74 billion yuan ($2.64 billion), according to estimates from Refinitiv. That would be a roughly 16% rise if it were hit.

Tencent’s troubles

In the three months to the end of March, Tencent logged its slowest pace of quarterly sales growth since it went public in 2004. That was because the Chinese government halted game approvals last year. Video games need to be approved by regulators in order to be released and monetized in China. That hurt Tencent’s business, which relies on a large portion — nearly 41% in the first quarter — of revenue from online gaming. Billions of dollars were wiped off the stock in 2018. China began approving games again at the start of the year and a number of Tencent titles got the green light. The company’s stock has staged a small revival and is up over 6% so far this year. Analysts, meanwhile, have maintained confidence in Tencent. The average 12-month price target on the stock is 428.46 Hong Kong dollars, according to Reuters data. That represents an over 28% upside from Tuesday’s close and a market capitalization of $521.7 billion. If Tencent’s valuation rises above $500 billion, it would be the first time since March 2018.

Gaming revival

After the game approval freeze was lifted, Tencent was able to release titles like “Peacekeeper Elite,” which is also known as “Game for Peace.” It’s a similar game to “PlayerUnknown’s Battlegrounds Mobile,” a game that Tencent co-developed but that never received approval for monetization. Tencent pulled that game from China, replaced it with “Game for Peace” and migrated users over. The game grossed $14 million in its first three days of availability in China, according to data from Sensor Tower. There are other signs that Tencent’s gaming business is looking up: The Chinese giant was the top grossing mobile game publisher worldwide in July, Sensor Tower data showed. Nomura said in a recent note that it expects online gaming revenue to grow 10% year-on-year driven mainly by a 30% rise in mobile gaming revenue, which accounts for 68% of the company’s total online gaming revenue.

New businesses

While gaming is still the biggest revenue driver for Tencent, it has looked to diversify to areas including financial technology and cloud computing. In the March quarter, Tencent broke out numbers for its “fintech and business services” division for the first time. That included revenue it received from payments via WeChat Pay and other financial services products like micro-loans. It also included cloud computing revenue. That division accounted for over 25% of revenue in the first quarter, making it the second-largest business for Tencent. The WeChat Pay platform, which is integrated into messaging app WeChat, is looking to become more profitable, according to analysts. “We have learned from our industry contacts that Tencent’s WeChat Pay has enhanced efforts to improve profitability by phasing out/reducing subsidies,” Nomura said in a recent note. Tencent pays subsidies to some merchants to use the WeChat Pay platform in order to boost its market share.

WeChat also has a social media function called Moments. Tencent has been slowly increasing the number of ads users see in that feed. Tencent’s other business units include content and video streaming as well as advertising. That mix of revenue streams and the company’s push toward diversification is one reason analysts are bullish. “Leveraging on its highly synergistic social ecosystem, Tencent’s diversified revenue streams from gaming to advertising and Fintech and business services demonstrates its strong execution capabilities,” Jefferies said in a note from earlier this month.

Headwinds

The major headwind for Tencent is the wider business environment, influenced by the U.S.-China trade war. Neil Campling, head of technology, media and telecommunications research at Mirabaud Securities called Tencent’s stock a “risk proxy” as the “largest and most liquid” emerging market stock. That has seen its shares caught up in some of the selling pressure that has weighed on Chinese stocks. Another headwind is the slowdown in the Chinese advertising market. Digital ad spending in the world’s second-largest economy is expected to hit $79.82 billion in 2019, growing 22% from the year before, according to eMarketer. That’s a slowdown from the 28% growth seen last year. That, coupled with stricter online content controls, could present a problem for Tencent. “Aside from lingering macro impacts, we expect Tencent’s video ads service, which is a big component of media ads, also suffered from tightening content regulation, which has caused delays in the airing of some popular video content and consequently caused disruption to the video ads business,” Nomura said.


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: arjun kharpal
Keywords: news, cnbc, companies, billion, revenue, game, gaming, analysts, business, tencent, predicting, chinas, according, wechat, value, video, 500, tencents, climb


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One California police officer killed, two injured in Riverside gun battle

China fixes its yuan midpoint at 7.0326 per dollar, stronger than…Analysts were predicting the midpoint to be set at 7.0421 per dollar after the yuan last traded at 7.0578 in Monday’s session, according to Reuters estimates. China Economyread more


China fixes its yuan midpoint at 7.0326 per dollar, stronger than…Analysts were predicting the midpoint to be set at 7.0421 per dollar after the yuan last traded at 7.0578 in Monday’s session, according to Reuters estimates. China Economyread more
One California police officer killed, two injured in Riverside gun battle Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: joanna tan
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One California police officer killed, two injured in Riverside gun battle

China fixes its yuan midpoint at 7.0326 per dollar, stronger than…

Analysts were predicting the midpoint to be set at 7.0421 per dollar after the yuan last traded at 7.0578 in Monday’s session, according to Reuters estimates.

China Economy

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Wall Street sees even more Fed rate cuts ahead with Morgan Stanley predicting a return to zero

“Slower growth and rising risks will likely impel the Fed to cut rates further,” UBS economist Seth Carpenter said in a report for clients. That jibes with current pricing in the futures market which sees the funds rate around 1.12% by the end of next year. In their most recent projections in June, they indicated the longer-run funds rate to be at 2.5%, or higher than the current target range of 2% to 2.25%. Morgan Stanley: Back to zeroThe cut in September, he said, likely would be framed as ano


“Slower growth and rising risks will likely impel the Fed to cut rates further,” UBS economist Seth Carpenter said in a report for clients. That jibes with current pricing in the futures market which sees the funds rate around 1.12% by the end of next year. In their most recent projections in June, they indicated the longer-run funds rate to be at 2.5%, or higher than the current target range of 2% to 2.25%. Morgan Stanley: Back to zeroThe cut in September, he said, likely would be framed as ano
Wall Street sees even more Fed rate cuts ahead with Morgan Stanley predicting a return to zero Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: jeff cox
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Wall Street sees even more Fed rate cuts ahead with Morgan Stanley predicting a return to zero

As trade tensions escalate and economic indicators weaken, Wall Street is beginning to anticipate more aggressive interest rate cuts from the Federal Reserve, with at least one forecast seeing a return to near zero. Economists now see the likelihood of three quarter-point reductions before the end of the year, along with multiple moves in 2020 until it becomes clear that the U.S. central bank has staved off a recession. The anticipation comes as Goldman Sachs just announced that it reduced its GDP projections by 0.2 percentage point and Bank of America Merrill Lynch said it sees increasing chances of a recession in the next 12 months. Other forecasters on the Street are joining the calls for weakening conditions that prompt the Fed to take a sharper knife to rates than officials indicated at the July meeting, which saw the first rate reduction in 11 years.

“Slower growth and rising risks will likely impel the Fed to cut rates further,” UBS economist Seth Carpenter said in a report for clients. “Although we saw little support from the [Federal Open Market] Committee for further cuts at the July meeting, trade developments should provide enough justification to cut in” September. Carpenter sees another cut in December then one final reduction in March 2020 for a full cycle of 100 basis points lower, taking the Fed’s benchmark funds rate down to a range of 1% to 1.25%. That jibes with current pricing in the futures market which sees the funds rate around 1.12% by the end of next year. The projection, though, is still a far cry from where committee members anticipate rates heading. In their most recent projections in June, they indicated the longer-run funds rate to be at 2.5%, or higher than the current target range of 2% to 2.25%. However, that forecast came before July’s rate cut and, perhaps more importantly, a day before President Donald Trump’s announcement that he intends to levy tariffs on the remaining $300 billion or so of Chinese imports not already targeted. “Trump’s announcement … that tariffs on the final tranche of Chinese imports would be implemented September 1 has changed the outlook,” Carpenter said. “The new tariffs will slow growth. We anticipate the Fed eases policy further because of the slowdown and their fears of increased uncertainty.”

Morgan Stanley: Back to zero

The cut in September, he said, likely would be framed as another insurance policy against future uncertainty. By December, though, the easing would be in response to data showing material weakness in the economy. Morgan Stanley anticipates successive cuts at the September and October FOMC meetings and an even steeper path ahead, with four more rate moves in 2020 taking the funds rate close to zero, or where it was during the financial crisis and stayed for seven years. Strategist Mark Cabana of BofAML also recently told CNBC that zero rates could come if trade tensions keeping rising. “Taking a walk through Chair Powell’s checklist of factors the FOMC will be looking at when deliberating policy adjustments going forward, it seems to us there is already a clear need to cut rates further,” Ellen Zentner, a Morgan Stanley economist, said in a note, citing a reduction in hours worked for July, typically a precursor to layoffs.


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: jeff cox
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This rebound is a ‘bump in the road on the way down,’ says strategist predicting ‘Lehman-like’ drop

Traders work on the floor of the New York Stock Exchange (NYSE) on August 05, 2019 in New York City. The rebound, supported by dip buying and technical positioning by speculative traders, is bound to be a short-lived one as market sentiment continues to deteriorate, according to Nomura macro and quant strategist Masanari Takada. He garnered much attention this week for his call for a “Lehman-like” sell-off as soon as late August. “We see the rebound in US stocks as a mere technical rally that lo


Traders work on the floor of the New York Stock Exchange (NYSE) on August 05, 2019 in New York City. The rebound, supported by dip buying and technical positioning by speculative traders, is bound to be a short-lived one as market sentiment continues to deteriorate, according to Nomura macro and quant strategist Masanari Takada. He garnered much attention this week for his call for a “Lehman-like” sell-off as soon as late August. “We see the rebound in US stocks as a mere technical rally that lo
This rebound is a ‘bump in the road on the way down,’ says strategist predicting ‘Lehman-like’ drop Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-08  Authors: yun li
Keywords: news, cnbc, companies, investors, york, nomura, technical, market, takada, way, road, strategist, predicting, drop, buying, bump, lehmanlike, rebound, traders, 2019


This rebound is a 'bump in the road on the way down,' says strategist predicting 'Lehman-like' drop

Traders work on the floor of the New York Stock Exchange (NYSE) on August 05, 2019 in New York City. T

The S&P 500 pulled off its most dramatic intraday turnaround this year on Tuesday, extending the rebound from its worst day of 2019, but investors shouldn’t be too optimistic about the comeback, Nomura warns.

The rebound, supported by dip buying and technical positioning by speculative traders, is bound to be a short-lived one as market sentiment continues to deteriorate, according to Nomura macro and quant strategist Masanari Takada. He garnered much attention this week for his call for a “Lehman-like” sell-off as soon as late August.

“We see the rebound in US stocks as a mere technical rally that looks like no more than a bump in the road on the way down,” Takada said in a note on Thursday. “We think the market is likely to resist further downside thanks to a combination of bargain hunting by fundamentals-oriented investors and contrarian buying by ultra-short-term traders through perhaps 15 August.”


Company: cnbc, Activity: cnbc, Date: 2019-08-08  Authors: yun li
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Here’s what major analysts are predicting will happen with Netflix earnings after the bell

Reed Hastings attends Reed Hastings panel during Netflix ‘See What’s Next’ event at Villa Miani on April 18, 2018 in Rome, Italy. Earnings season is underway and there’s no shortage of story lines when Netflix reports its second quarter earnings after the bell on Wednesday. Wall Street analysts say they’ll be squarely focused on key metrics like cash, content, and comments on upcoming competition from Disney and HBO Max. “Wall of worry” refers to when a company runs into a stumbling block in the


Reed Hastings attends Reed Hastings panel during Netflix ‘See What’s Next’ event at Villa Miani on April 18, 2018 in Rome, Italy. Earnings season is underway and there’s no shortage of story lines when Netflix reports its second quarter earnings after the bell on Wednesday. Wall Street analysts say they’ll be squarely focused on key metrics like cash, content, and comments on upcoming competition from Disney and HBO Max. “Wall of worry” refers to when a company runs into a stumbling block in the
Here’s what major analysts are predicting will happen with Netflix earnings after the bell Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: michael bloom
Keywords: news, cnbc, companies, competition, wall, earnings, upcoming, analysts, stocks, analyst, heres, second, bell, predicting, worry, refers, happen, netflix, major


Here's what major analysts are predicting will happen with Netflix earnings after the bell

Reed Hastings attends Reed Hastings panel during Netflix ‘See What’s Next’ event at Villa Miani on April 18, 2018 in Rome, Italy.

Earnings season is underway and there’s no shortage of story lines when Netflix reports its second quarter earnings after the bell on Wednesday. Wall Street analysts say they’ll be squarely focused on key metrics like cash, content, and comments on upcoming competition from Disney and HBO Max.

The company has recently taken heat from analysts over its spending on content as well as its recent loss of comedy shows, ‘Friends,’ and ‘The Office.’

The streaming giant is up 37% year to date, that’s second only to Facebook among the so-called FAANG stocks. But it’s also underperformed the market over the past year, concerning analysts. FAANG refers to a group of internet and tech stocks including Facebook, Amazon, Apple, Netflix, and Google.

Despite the concerns, most analysts are still urging clients to buy into the report.

“NFLX remains one of our top picks, and while the competition/price increase-related churn ‘wall of worry’ could take a few quarters to disprove, we think it presents a good buying opportunity,” J.P. Morgan analyst Doug Anmuth said.

“Wall of worry” refers to when a company runs into a stumbling block in the market causing temporary uncertainty.

Content and competition issues are mostly “noise,” according to analysts at Bank of America

“We see most near term risks for Netflix as fleeting, with structural growth expected to hold,” they said.

“We would see any dip around these worries as an enhanced buying opportunity because we do not see Disney/HBO as the competition and we expect, as has happened before, any price hike driven increase in churn to be short-lived as consumers come back for Netflix’s content.”

However, one analyst says he’s keeping his sell rating, “until we see progress.”

“Should cash burn stabilize and reverse trajectory, we are prepared to reconsider our underperform rating,” Wedbush analyst Michael Pachter said.

Here’s what major analysts are saying about Netflix’s upcoming earnings report:


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: michael bloom
Keywords: news, cnbc, companies, competition, wall, earnings, upcoming, analysts, stocks, analyst, heres, second, bell, predicting, worry, refers, happen, netflix, major


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Verizon shares fall after Citi downgrades the stock, predicting lower wireless pricing ahead

Shares of Verizon fell on Monday following a downgrade from Citi citing potential lower wireless pricing in the future. Verizon shares fell more than 1% in premarket trading Monday. The wireless carrier space is narrowing with a potential merger between T-Mobile and Sprint on the horizon. Further, Verizon is at risk because the evolution of technology in the wireless carrier space is reducing costs, which is lowering the barrier to enter into the category, said Rollins. Shares of Verizon are onl


Shares of Verizon fell on Monday following a downgrade from Citi citing potential lower wireless pricing in the future. Verizon shares fell more than 1% in premarket trading Monday. The wireless carrier space is narrowing with a potential merger between T-Mobile and Sprint on the horizon. Further, Verizon is at risk because the evolution of technology in the wireless carrier space is reducing costs, which is lowering the barrier to enter into the category, said Rollins. Shares of Verizon are onl
Verizon shares fall after Citi downgrades the stock, predicting lower wireless pricing ahead Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, pricing, verizon, potential, sprint, fall, lower, shares, downgrades, tmobile, carrier, predicting, margins, citi, stock, space, wireless


Verizon shares fall after Citi downgrades the stock, predicting lower wireless pricing ahead

Shares of Verizon fell on Monday following a downgrade from Citi citing potential lower wireless pricing in the future.

Citi downgraded the stock to neutral from buy and maintained its $62 price target. Verizon shares fell more than 1% in premarket trading Monday.

“Verizon’s consistently strong operating performance in the wireless category may not be enough to drive further multiple expansion at a time when investors are more likely to question the competitive environment and long-term risks to pricing and margins,” Citi’s Michael Rollins wrote in a note to clients.

The wireless carrier space is narrowing with a potential merger between T-Mobile and Sprint on the horizon. As new competitors come into the space without legacy pricing and with different margin goals, opportunities to expand margins are shrinking for Verizon, said Rollins.

A merger between T-Mobile and Sprint “creates a potentially disruptive fourth competitor [that] could be dilutive to long-term pricing and margins for the wireless industry,” said Rollins.

Rollins said that Verizon, which is the second-largest U.S. wireless carrier, should consider and is well positioned to purchase DISH, which “holds a disruptive amount of spectrum that can be used to build a scale network.”

Further, Verizon is at risk because the evolution of technology in the wireless carrier space is reducing costs, which is lowering the barrier to enter into the category, said Rollins.

Despite the downgrade, Citi said it is not concerned about Verizon’s upcoming quarterly results.

Shares of Verizon are only up 3% since the start of the year, while T-Mobile, Sprint and AT&T are all up about 20% year to date.

— With reporting from CNBC’s Michael Bloom


Company: cnbc, Activity: cnbc, Date: 2019-07-08  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, pricing, verizon, potential, sprint, fall, lower, shares, downgrades, tmobile, carrier, predicting, margins, citi, stock, space, wireless


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Goldman upgrades Procter & Gamble, predicting a ‘double-digit’ return

Oil to trade in current range or higher this summer — CNBC surveyOil experts surveyed by CNBC do not expect any talks between the U.S. and Iran for at least six months, and more than a third see no military confrontation. Market Insiderread more


Oil to trade in current range or higher this summer — CNBC surveyOil experts surveyed by CNBC do not expect any talks between the U.S. and Iran for at least six months, and more than a third see no military confrontation. Market Insiderread more
Goldman upgrades Procter & Gamble, predicting a ‘double-digit’ return Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: michael bloom, megan graham
Keywords: news, cnbc, companies, goldman, gamble, upgrades, trade, surveyoil, predicting, summer, oil, military, talks, months, surveyed, range, doubledigit, procter, return


Goldman upgrades Procter & Gamble, predicting a 'double-digit' return

Oil to trade in current range or higher this summer — CNBC survey

Oil experts surveyed by CNBC do not expect any talks between the U.S. and Iran for at least six months, and more than a third see no military confrontation.

Market Insider

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Company: cnbc, Activity: cnbc, Date: 2019-06-28  Authors: michael bloom, megan graham
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Goldman Sachs is predicting an escalation of global trade wars

Goldman Sachs has revised up its expectations of an escalation to U.S. trade wars with China and Mexico. There is now a 60% chance of the U.S. placing a new 10% tariff on the final $300 billion of Chinese imports, a note from the Wall Street investment bank said Monday. Last month, President Donald Trump announced that tariffs on $200 billion worth of Chinese goods would increase from 10% to 25%. Washington has now begun looking into whether $300 billion worth of other Chinese imports will also


Goldman Sachs has revised up its expectations of an escalation to U.S. trade wars with China and Mexico. There is now a 60% chance of the U.S. placing a new 10% tariff on the final $300 billion of Chinese imports, a note from the Wall Street investment bank said Monday. Last month, President Donald Trump announced that tariffs on $200 billion worth of Chinese goods would increase from 10% to 25%. Washington has now begun looking into whether $300 billion worth of other Chinese imports will also
Goldman Sachs is predicting an escalation of global trade wars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: elliot smith
Keywords: news, cnbc, companies, chinese, billion, tariff, worth, global, increase, tariffs, trump, predicting, goldman, escalation, trade, wars, sachs, revised, chance, imports


Goldman Sachs is predicting an escalation of global trade wars

Goldman Sachs has revised up its expectations of an escalation to U.S. trade wars with China and Mexico.

There is now a 60% chance of the U.S. placing a new 10% tariff on the final $300 billion of Chinese imports, a note from the Wall Street investment bank said Monday. This is an increase from a previous estimate of 40%. Last month, President Donald Trump announced that tariffs on $200 billion worth of Chinese goods would increase from 10% to 25%. Washington has now begun looking into whether $300 billion worth of other Chinese imports will also be subject to increased levies.

Goldman also revised its assumptions of a tariff on all Mexican products, suggesting there is now a 70% chance Trump will impose duties on the first 5% of Mexican goods and a 50% chance that this will increase to 10%.

Trump recently threatened Mexico with 5% tariffs on its imports, to be implemented on June 10, unless it could stem the flow of migrants to the southern U.S. border.

“Additional tariff rate increases or an across-the-board auto tariff are also possible but not our base case,” the analyst team led by Jan Hatzius said in the note. Goldman revised up the possibility of sweeping auto tariffs being introduced this year to 40%, from 25% previously.

While deals with China and Mexico are anticipated to represent a removal of tariffs, this is not expected until late 2019 or into 2020.


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: elliot smith
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Big expectations for Netflix earnings after the bell — here’s what major analysts are predicting

All eyes will be watching Netflix Thursday as the streaming giant reports earnings after the bell. The company raised prices earlier this week 13 to 18 percent with most analysts and investors cheering the move. Since then Goldman raised their price forecast to $420 from $400 and Thursday morning, Guggenheim upped their price target to $400 from $370. The price increase caused the shares to soar and the stock is now up more than 30 percent this year going into the numbers. Here’s what some of th


All eyes will be watching Netflix Thursday as the streaming giant reports earnings after the bell. The company raised prices earlier this week 13 to 18 percent with most analysts and investors cheering the move. Since then Goldman raised their price forecast to $420 from $400 and Thursday morning, Guggenheim upped their price target to $400 from $370. The price increase caused the shares to soar and the stock is now up more than 30 percent this year going into the numbers. Here’s what some of th
Big expectations for Netflix earnings after the bell — here’s what major analysts are predicting Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-17  Authors: michael bloom, mike blake
Keywords: news, cnbc, companies, major, stock, netflix, analysts, raised, price, predicting, week, upped, target, big, streaming, watching, heres, earnings, expectations, bell, 400


Big expectations for Netflix earnings after the bell — here's what major analysts are predicting

All eyes will be watching Netflix Thursday as the streaming giant reports earnings after the bell.

The company raised prices earlier this week 13 to 18 percent with most analysts and investors cheering the move. Since then Goldman raised their price forecast to $420 from $400 and Thursday morning, Guggenheim upped their price target to $400 from $370.

The price increase caused the shares to soar and the stock is now up more than 30 percent this year going into the numbers.

Here’s what some of the other analysts say to look for:


Company: cnbc, Activity: cnbc, Date: 2019-01-17  Authors: michael bloom, mike blake
Keywords: news, cnbc, companies, major, stock, netflix, analysts, raised, price, predicting, week, upped, target, big, streaming, watching, heres, earnings, expectations, bell, 400


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