As financials flail, one banking stock could be about to break out

The sector has tumbled 9 percent over the past year, by far the worst-performing S&P 500 sector over that stretch. But there is one name in the group that is setting up for a breakout, said Todd Gordon, founder of TradingAnalysis.com. “One financial that I do like is Bank of America,” Gordon said Wednesday on CNBC’s “Trading Nation.” I will add to my holding in Bank despite the financials weakness in the S&P so this is one strong name that I do like.” Then you throw in earnings, positive earning


The sector has tumbled 9 percent over the past year, by far the worst-performing S&P 500 sector over that stretch. But there is one name in the group that is setting up for a breakout, said Todd Gordon, founder of TradingAnalysis.com. “One financial that I do like is Bank of America,” Gordon said Wednesday on CNBC’s “Trading Nation.” I will add to my holding in Bank despite the financials weakness in the S&P so this is one strong name that I do like.” Then you throw in earnings, positive earning
As financials flail, one banking stock could be about to break out Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: keris lahiff, dennis caruso, new york daily news, getty images, spencer platt, scott mlyn, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, earnings, standpoint, break, stock, sector, flail, im, financials, xlf, america, bank, bapis, sp, gordon, banking


As financials flail, one banking stock could be about to break out

Financials are in a funk.

The sector has tumbled 9 percent over the past year, by far the worst-performing S&P 500 sector over that stretch.

But there is one name in the group that is setting up for a breakout, said Todd Gordon, founder of TradingAnalysis.com.

“One financial that I do like is Bank of America,” Gordon said Wednesday on CNBC’s “Trading Nation.” “Obviously you have a very nice uptrend here, you’ve broken resistance, we’ve come back to test support.”

“There is a nice kind of level right here at about the $30 region,” Gordon said. “There’s a lot of open interest here. If we can sometimes get a push – and help from the broader market would certainly help – there’s sure to be a lot of stop-loss buying going off in Bank of America. I will add to my holding in Bank despite the financials weakness in the S&P so this is one strong name that I do like.”

Bank of America needs to rally around 5 percent to push through $30. The stock has not traded above that level since October.

The sector is a long-term buy even if it continues to underperform in the short term, said Michael Bapis, managing director of Vios Advisors at Rockefeller Capital Management.

“Banks are stronger than ever from a balance sheet standpoint, from a risk standpoint, they’re taking less risk than they ever have, and from a cash standpoint. Then you throw in earnings, positive earnings and low PEs for many of the banks,” Bapis said Wednesday on “Trading Nation.”

The XLF financial ETF trades at below 12 times forward earnings, while the S&P 500 trades at a 16.5 times multiple.

“This is just a forgotten sector that people have put aside and it is going to snap back at some point in the future,” said Bapis. “I’m positive on the space long term. I’m very surprised that it has taken this long but if we’re taking a long-term perspective for our clients, I’m fine waiting 18 months for it to bounce back.”

The XLF ETF has risen 10 percent this year, below the S&P 500’s 13 percent advance.

Disclosure: Todd Gordon owns shares of Bank of America.


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: keris lahiff, dennis caruso, new york daily news, getty images, spencer platt, scott mlyn, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, earnings, standpoint, break, stock, sector, flail, im, financials, xlf, america, bank, bapis, sp, gordon, banking


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer: Powell fixed his ‘rookie mistake’ and is now on the right path with rates

Cramer: Powell fixed his ‘rookie mistake’ and is now on the right path with rates 2 Hours Ago | 02:46Federal Reserve Chairman Jerome Powell changed course and finally made the correct policy decision by indicating the Fed is stalling interest rate increases for the year, CNBC’s Jim Cramer said Thursday. The latest policy decision came as the list of economists and business elite predicting a downturn grows. Speaking after the Fed’s decision, Powell said that weakening Chinese and European econom


Cramer: Powell fixed his ‘rookie mistake’ and is now on the right path with rates 2 Hours Ago | 02:46Federal Reserve Chairman Jerome Powell changed course and finally made the correct policy decision by indicating the Fed is stalling interest rate increases for the year, CNBC’s Jim Cramer said Thursday. The latest policy decision came as the list of economists and business elite predicting a downturn grows. Speaking after the Fed’s decision, Powell said that weakening Chinese and European econom
Cramer: Powell fixed his ‘rookie mistake’ and is now on the right path with rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: berkeley lovelace jr, scott mlyn
Keywords: news, cnbc, companies, fed, policy, fixed, rookie, rates, right, slowing, decision, mistake, path, powell, saying, cramer, cnbcs


Cramer: Powell fixed his 'rookie mistake' and is now on the right path with rates

Cramer: Powell fixed his ‘rookie mistake’ and is now on the right path with rates 2 Hours Ago | 02:46

Federal Reserve Chairman Jerome Powell changed course and finally made the correct policy decision by indicating the Fed is stalling interest rate increases for the year, CNBC’s Jim Cramer said Thursday.

“I thought that Jay was great [Wednesday],” Cramer told “Squawk Box,” referring to Powell’s news conference at the conclusion of the central bank’s two-day policy meeting. “It’s not easy to start. You make your rookie mistakes, you come back. He’s a great guy. Anyone who knows him knows that he course corrected.”

The latest policy decision came as the list of economists and business elite predicting a downturn grows.

The Fed decided Wednesday to hold interest rates steady, as expected, and indicated it would keep rates at current levels for the rest of 2019. The central bank currently holds its benchmark funds rate in a range of 2.25 percent to 2.5 percent.

Speaking after the Fed’s decision, Powell said that weakening Chinese and European economies are acting as a deterrent to growth at home even as policymakers see the overall outlook in the U.S. as good.

Cramer agreed, saying the “economy is slowing,” earnings are downshifting and there are growth concerns in just about every part of the world.

Cramer has been critical of the Fed ever since Powell’s remarks on Oct. 3 that the cost of borrowing money was a long way from so-called neutral, sparking concerns about possibly more aggressive Fed tightening. Powell appeared to walk back those comments the following month, saying rates are “just below” the balance point of not stimulating or slowing the economy.

Powell later left the door open to other options, emphasizing “data dependency” and saying if data did not hold up in 2019, the Fed may change course.

Cramer said last month that he doesn’t see an economic recession, at least anytime soon. But when asked about what would cause the next recession, Cramer responded in part with, “Three [Fed] tightenings.”

The Fed did not immediately respond to CNBC’s request for comment on Cramer’s remarks.

— CNBC’s Jeff Cox contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: berkeley lovelace jr, scott mlyn
Keywords: news, cnbc, companies, fed, policy, fixed, rookie, rates, right, slowing, decision, mistake, path, powell, saying, cramer, cnbcs


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer Remix: I need to see better earnings before recommending this stock

Investors must be aware of potential rewards and beware the potential risks when buying a stock because anything can happen on the stock market, Cramer said. There are five current events that illustrate the “perils” of individual stock picking and why shareholders must have a strong stomach, he said. “I’m going to give you five reasons why it’s so hard to make money in the stock market … [preparing] you for the inevitable pain that comes with owning individual stocks,” the host said. If the t


Investors must be aware of potential rewards and beware the potential risks when buying a stock because anything can happen on the stock market, Cramer said. There are five current events that illustrate the “perils” of individual stock picking and why shareholders must have a strong stomach, he said. “I’m going to give you five reasons why it’s so hard to make money in the stock market … [preparing] you for the inevitable pain that comes with owning individual stocks,” the host said. If the t
Cramer Remix: I need to see better earnings before recommending this stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: tyler clifford, michael nagle, bloomberg, getty images, source, scott mlyn, matthew busch
Keywords: news, cnbc, companies, market, thought, social, remix, strong, stomach, stocks, recommending, stock, earnings, need, cramer, owning, potential, better, individual


Cramer Remix: I need to see better earnings before recommending this stock

Investors must be aware of potential rewards and beware the potential risks when buying a stock because anything can happen on the stock market, Cramer said.

There are five current events that illustrate the “perils” of individual stock picking and why shareholders must have a strong stomach, he said. From the top plane manufacturer to the top social media platform to the divided politics across the pond, negative news can change the direction of an equity in a matter of seconds.

“I’m going to give you five reasons why it’s so hard to make money in the stock market … [preparing] you for the inevitable pain that comes with owning individual stocks,” the host said. “These have all snuck up on people, making them queasy. If the thought of them scares you, then you might want to rethink how you invest your money.”

There are many advantages in owning stocks, but index funds provide the best market exposure, he said.

Read more here


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: tyler clifford, michael nagle, bloomberg, getty images, source, scott mlyn, matthew busch
Keywords: news, cnbc, companies, market, thought, social, remix, strong, stomach, stocks, recommending, stock, earnings, need, cramer, owning, potential, better, individual


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cloud company MongoDB soars after crushing earnings

Cloud company MongoDB soared Wednesday after crushing earnings expectations for the the fourth quarter of its fiscal year 2019. “MongoDB Atlas’ tremendous growth highlights its compelling value to enable customers to focus on innovation and offload the operational burden of database management.” MongoDB is projecting a loss per share for the fiscal first quarter of 2020 between 23 cents and 25 cents, on revenues between $82 million and $84 million. For the full fiscal year of 2020, the company e


Cloud company MongoDB soared Wednesday after crushing earnings expectations for the the fourth quarter of its fiscal year 2019. “MongoDB Atlas’ tremendous growth highlights its compelling value to enable customers to focus on innovation and offload the operational burden of database management.” MongoDB is projecting a loss per share for the fiscal first quarter of 2020 between 23 cents and 25 cents, on revenues between $82 million and $84 million. For the full fiscal year of 2020, the company e
Cloud company MongoDB soars after crushing earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: sara salinas, scott mlyn
Keywords: news, cnbc, companies, cloud, share, revenue, crushing, database, earnings, mongodb, vs, million, company, cents, soars, quarter, fiscal


Cloud company MongoDB soars after crushing earnings

Cloud company MongoDB soared Wednesday after crushing earnings expectations for the the fourth quarter of its fiscal year 2019.

Shares were up more than 18 percent in extended trading, exceeding $120 per share.

Here’s how the company did compared with Wall Street estimates:

Loss per share: 17 cents vs. 38 cents, according to Refinitiv consensus estimates

Revenue: $85.5 million vs. $74.0 million, according to Refinitiv consensus estimates

Quarter revenue represents a 71 percent increase from the year-ago period. The segment is up 400 percent year over year and accounted for nearly a third of total revenue during the quarter.

“MongoDB Atlas, our fully managed global, multi-cloud database service, achieved a major milestone in the fourth quarter, surpassing $100 million in annualized revenue run rate less than three years from launch,” CEO Dev Ittycheriasaid in a statement. “MongoDB Atlas’ tremendous growth highlights its compelling value to enable customers to focus on innovation and offload the operational burden of database management.”

MongoDB is projecting a loss per share for the fiscal first quarter of 2020 between 23 cents and 25 cents, on revenues between $82 million and $84 million. For the full fiscal year of 2020, the company expects a loss per share between 98 cents and $1.06, on revenues between $363 million and $371 million.

The company’s stock has been on a tear of late, up 25 percent already in 2019 and up more than 175 percent in the last 12 months.

Twice in recent months MongoDB shares have plunged on concerns about competition from Amazon. On Jan. 10, the stock tanked on news that Amazon was rolling out cloud-based software called DocumentDB to directly compete with MongoDB. And on Feb. 26, it plummeted after an analyst said that Lyft, one of MongoDB’s big customers, “is in the process of a massive database migration” to another service.

WATCH: MongoDB CEO: IBM is helping us seize on a $60 billion market opportunity


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: sara salinas, scott mlyn
Keywords: news, cnbc, companies, cloud, share, revenue, crushing, database, earnings, mongodb, vs, million, company, cents, soars, quarter, fiscal


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

This chipmaker is one of the ‘deepest value’ stocks, says Credit Suisse

Micron Technology is one of the cheapest stocks globally, according to Credit Suisse. The bank used its proprietary valuation metric called “cash flow return on investment (CFROI),” and said Micron’s valuation has been at all-time low for a few months, seeing a whopping 70 percent gain.


Micron Technology is one of the cheapest stocks globally, according to Credit Suisse. The bank used its proprietary valuation metric called “cash flow return on investment (CFROI),” and said Micron’s valuation has been at all-time low for a few months, seeing a whopping 70 percent gain.
This chipmaker is one of the ‘deepest value’ stocks, says Credit Suisse Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, deepest, whopping, technology, used, value, months, return, valuation, credit, suissethe, stocks, proprietary, suisse, chipmaker, seeing


This chipmaker is one of the 'deepest value' stocks, says Credit Suisse

Micron Technology is one of the cheapest stocks globally, according to Credit Suisse.

The bank used its proprietary valuation metric called “cash flow return on investment (CFROI),” and said Micron’s valuation has been at all-time low for a few months, seeing a whopping 70 percent gain.


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: yun li, drew angerer, getty images, david paul morris, bloomberg, patrick t fallon, tom strickland, scott mlyn, chip chipman, victor j blue
Keywords: news, cnbc, companies, deepest, whopping, technology, used, value, months, return, valuation, credit, suissethe, stocks, proprietary, suisse, chipmaker, seeing


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cloud company MongoDB soars after crushing earnings

Cloud company MongoDB soared Wednesday after crushing earnings expectations for the the fourth quarter of its fiscal year 2019. “MongoDB Atlas’ tremendous growth highlights its compelling value to enable customers to focus on innovation and offload the operational burden of database management.” MongoDB is projecting a loss per share for the fiscal first quarter of 2020 between 23 cents and 25 cents, on revenues between $82 million and $84 million. For the full fiscal year of 2020, the company e


Cloud company MongoDB soared Wednesday after crushing earnings expectations for the the fourth quarter of its fiscal year 2019. “MongoDB Atlas’ tremendous growth highlights its compelling value to enable customers to focus on innovation and offload the operational burden of database management.” MongoDB is projecting a loss per share for the fiscal first quarter of 2020 between 23 cents and 25 cents, on revenues between $82 million and $84 million. For the full fiscal year of 2020, the company e
Cloud company MongoDB soars after crushing earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: sara salinas, scott mlyn
Keywords: news, cnbc, companies, cloud, share, revenue, crushing, database, earnings, mongodb, vs, million, company, cents, soars, quarter, fiscal


Cloud company MongoDB soars after crushing earnings

Cloud company MongoDB soared Wednesday after crushing earnings expectations for the the fourth quarter of its fiscal year 2019.

Shares were up more than 18 percent in extended trading, exceeding $120 per share.

Here’s how the company did compared with Wall Street estimates:

Loss per share: 17 cents vs. 38 cents, according to Refinitiv consensus estimates

Revenue: $85.5 million vs. $74.0 million, according to Refinitiv consensus estimates

Quarter revenue represents a 71 percent increase from the year-ago period. The segment is up 400 percent year over year and accounted for nearly a third of total revenue during the quarter.

“MongoDB Atlas, our fully managed global, multi-cloud database service, achieved a major milestone in the fourth quarter, surpassing $100 million in annualized revenue run rate less than three years from launch,” CEO Dev Ittycheriasaid in a statement. “MongoDB Atlas’ tremendous growth highlights its compelling value to enable customers to focus on innovation and offload the operational burden of database management.”

MongoDB is projecting a loss per share for the fiscal first quarter of 2020 between 23 cents and 25 cents, on revenues between $82 million and $84 million. For the full fiscal year of 2020, the company expects a loss per share between 98 cents and $1.06, on revenues between $363 million and $371 million.

The company’s stock has been on a tear of late, up 25 percent already in 2019 and up more than 175 percent in the last 12 months.

Twice in recent months MongoDB shares have plunged on concerns about competition from Amazon. On Jan. 10, the stock tanked on news that Amazon was rolling out cloud-based software called DocumentDB to directly compete with MongoDB. And on Feb. 26, it plummeted after an analyst said that Lyft, one of MongoDB’s big customers, “is in the process of a massive database migration” to another service.

WATCH: MongoDB CEO: IBM is helping us seize on a $60 billion market opportunity


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: sara salinas, scott mlyn
Keywords: news, cnbc, companies, cloud, share, revenue, crushing, database, earnings, mongodb, vs, million, company, cents, soars, quarter, fiscal


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Dropbox, GitHub and 12 other companies that offer unlimited vacation

Gone are the days of hoarding precious vacation time and waiting nervously to have PTO requests approved — well, for some lucky workers. Job site Glassdoor compiled a list of companies that offer unlimited vacation time and are hiring now. From the software company Dropbox to the personal styling company Stitch Fix, below are 14 employers you should consider applying to if you want to have more control over your time away from the office:


Gone are the days of hoarding precious vacation time and waiting nervously to have PTO requests approved — well, for some lucky workers. Job site Glassdoor compiled a list of companies that offer unlimited vacation time and are hiring now. From the software company Dropbox to the personal styling company Stitch Fix, below are 14 employers you should consider applying to if you want to have more control over your time away from the office:
Dropbox, GitHub and 12 other companies that offer unlimited vacation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: courtney connley, victoriiabulyha, pat greenhouse, the boston globe, getty images, scott mlyn, source, stitch fix
Keywords: news, cnbc, companies, unlimited, github, styling, workersjob, companies, dropbox, vacation, waiting, offer, software, site, company, 12, stitch, requests


Dropbox, GitHub and 12 other companies that offer unlimited vacation

Gone are the days of hoarding precious vacation time and waiting nervously to have PTO requests approved — well, for some lucky workers.

Job site Glassdoor compiled a list of companies that offer unlimited vacation time and are hiring now.

From the software company Dropbox to the personal styling company Stitch Fix, below are 14 employers you should consider applying to if you want to have more control over your time away from the office:


Company: cnbc, Activity: cnbc, Date: 2019-03-12  Authors: courtney connley, victoriiabulyha, pat greenhouse, the boston globe, getty images, scott mlyn, source, stitch fix
Keywords: news, cnbc, companies, unlimited, github, styling, workersjob, companies, dropbox, vacation, waiting, offer, software, site, company, 12, stitch, requests


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer Remix: This stock is looking its selfie best

Cramer Remix: This stock is looking its selfie best 14 Hours Ago | 01:00CNBC’s Jim Cramer has circled Ulta Beauty’s earnings report on his calendar next Thursday and the “Mad Money” host said he is bullish on the stock. “The look-your-selfie-best economy remains a major tailwind for Ulta and the stock has more upside,” he said. Also in his game plan for the week ahead are quarterly results from Stitch Fix, Dick’s Sporting Goods, Adobe and a number of other companies. Check out his game plan for


Cramer Remix: This stock is looking its selfie best 14 Hours Ago | 01:00CNBC’s Jim Cramer has circled Ulta Beauty’s earnings report on his calendar next Thursday and the “Mad Money” host said he is bullish on the stock. “The look-your-selfie-best economy remains a major tailwind for Ulta and the stock has more upside,” he said. Also in his game plan for the week ahead are quarterly results from Stitch Fix, Dick’s Sporting Goods, Adobe and a number of other companies. Check out his game plan for
Cramer Remix: This stock is looking its selfie best Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: tyler clifford, david paul morris, bloomberg, getty images, bernard weil, toronto star, scott mlyn
Keywords: news, cnbc, companies, looking, stock, stockthe, cramer, ulta, best, week, game, plan, upside, ahead, tailwind, remix, selfie


Cramer Remix: This stock is looking its selfie best

Cramer Remix: This stock is looking its selfie best 14 Hours Ago | 01:00

CNBC’s Jim Cramer has circled Ulta Beauty’s earnings report on his calendar next Thursday and the “Mad Money” host said he is bullish on the stock.

“The look-your-selfie-best economy remains a major tailwind for Ulta and the stock has more upside,” he said.

Also in his game plan for the week ahead are quarterly results from Stitch Fix, Dick’s Sporting Goods, Adobe and a number of other companies.

Check out his game plan for the week ahead here


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: tyler clifford, david paul morris, bloomberg, getty images, bernard weil, toronto star, scott mlyn
Keywords: news, cnbc, companies, looking, stock, stockthe, cramer, ulta, best, week, game, plan, upside, ahead, tailwind, remix, selfie


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

79 percent of global companies are not prioritizing gender equality

Seventy-nine percent of respondents said they haven’t prioritized achieving gender equality among leaders within their organizations, despite research proving that gender equality and diversity leads to higher profits. IBM’s Chief Marketing Officer Michelle Peluso said the dismal statistic is a result of corporations failing to realize that gender equality is positive for the bottom line. “We haven’t yet moved to formalizing gender equality as a business quality. Making up 12 percent of the stud


Seventy-nine percent of respondents said they haven’t prioritized achieving gender equality among leaders within their organizations, despite research proving that gender equality and diversity leads to higher profits. IBM’s Chief Marketing Officer Michelle Peluso said the dismal statistic is a result of corporations failing to realize that gender equality is positive for the bottom line. “We haven’t yet moved to formalizing gender equality as a business quality. Making up 12 percent of the stud
79 percent of global companies are not prioritizing gender equality Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: emma newburger, scott mlyn
Keywords: news, cnbc, companies, study, women, 79, business, firms, leadership, gender, prioritizing, priority, equality, global, peluso, companies


79 percent of global companies are not prioritizing gender equality

Advancing women in the workforce is not a priority for firms worldwide, and the gender gap in leadership will likely persist until 2073 without corporate action.

That’s according to a new study from IBM, which polled 2,300 executives and business professionals across all industries about their initiatives to close gender leadership gaps. Seventy-nine percent of respondents said they haven’t prioritized achieving gender equality among leaders within their organizations, despite research proving that gender equality and diversity leads to higher profits.

The study also found that women held only 18 percent of senior leadership roles. IBM’s Chief Marketing Officer Michelle Peluso said the dismal statistic is a result of corporations failing to realize that gender equality is positive for the bottom line.

“We haven’t yet moved to formalizing gender equality as a business quality. It’s imperative for businesses,” Peluso told CNBC Make It. “There is countless research that shows that more inclusive teams produce better results.”

Men interviewed also underestimated workplace gender bias, according to the study — 65 percent of men believed they were just as likely as women to be promoted, despite the lack of women in leadership positions in all industries. The study concluded that few companies took ownership of gender equality issues, and that most applied a “laissez-faire” approach to diversity rather than implementing real business solutions to advance women.

There were a set of companies, however, that IBM called the “First Movers.” Making up 12 percent of the study sample, First Mover firms had concrete initiatives for gender equality. All these firms agreed that gender-inclusive organizations were more successful financially, compared to just 38 percent of other companies. Additionally, all the First Mover firms said their top business priority was advancing women to leadership positions, compared to only 9 percent of other companies that said the same.

“The good news is that the First Movers give us a road map,” said Peluso. “They are outperforming their peers, there’s lots of hope.”

“What we have learned from First Movers is the importance of setting measurable goals and defining a systematic approach to inclusion across the organization. This means everything from recruiting to rewarding, developing, retaining and promoting women, she said. “And, then, we must ourselves accountable to meet these goals.”

The study pointed to several initiatives that companies should take to foster gender equality. They include using performance indicators to advance women in the company, put gender equality into the corporate mission statement and implement flexible work arrangements and sponsorship opportunities for women.

“If we actually don’t make this a business priority, it will not happen on its own. Like any priority, this requires us to roll up our sleeves and get it done together,” said Peluso. “While the stat that it will take more than 50 years to produce gender equality is a tough stat, the flip side is that companies are showing that much faster progress is possible, and that we’ll see better financial outcomes.”

Like this story? Subscribe to CNBC Make It on YouTube!

Don’t miss: Employing more women could boost economies by 35 percent, says IMF chief Christine Lagarde


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: emma newburger, scott mlyn
Keywords: news, cnbc, companies, study, women, 79, business, firms, leadership, gender, prioritizing, priority, equality, global, peluso, companies


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

The stock market and the economy are telling two different stories

“The current macro setup much more matches the ‘Scattered Storms’ scenario, but the market valuation is reflective of a ‘Partly Sunny’ environment. That’s a discrepancy that will have to close,” Essaye pointed out, comparing market multiples to a weather forecast. The mismatch between fundamental reality and market pricing has had many on Wall Street scratching their heads as stocks’ comeback coincided with a wave of downward growth and earnings revisions. The first-quarter earnings growth forec


“The current macro setup much more matches the ‘Scattered Storms’ scenario, but the market valuation is reflective of a ‘Partly Sunny’ environment. That’s a discrepancy that will have to close,” Essaye pointed out, comparing market multiples to a weather forecast. The mismatch between fundamental reality and market pricing has had many on Wall Street scratching their heads as stocks’ comeback coincided with a wave of downward growth and earnings revisions. The first-quarter earnings growth forec
The stock market and the economy are telling two different stories Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: yun li, michael nagle, bloomberg, getty images, scott mlyn
Keywords: news, cnbc, companies, valuation, way, times, 500, stock, market, note, growth, earnings, different, sp, essaye, telling, economy


The stock market and the economy are telling two different stories

“On a valuation basis this market has risen to reflect a macro environment that is materially more positive than the one we currently have, and as a fundamentals-driven analyst, that makes me nervous over the medium term,” Essaye said in a note Tuesday.

“The current macro setup much more matches the ‘Scattered Storms’ scenario, but the market valuation is reflective of a ‘Partly Sunny’ environment. That’s a discrepancy that will have to close,” Essaye pointed out, comparing market multiples to a weather forecast.

The mismatch between fundamental reality and market pricing has had many on Wall Street scratching their heads as stocks’ comeback coincided with a wave of downward growth and earnings revisions. The first-quarter earnings growth forecast for the S&P 500 firms has turned negative and consensus first-quarter GDP growth has also been slashed to below 2 percent.

Many have said that what’s driving the market is growing optimism about a trade deal with China and the Fed’s more “patient” approach to tightening.

“Either markets have to come down to where growth expectations are, or growth and earnings expectations have to move higher to justify current market valuations,” Torsten Slok, Deutsche Bank’s chief international economist, said in a note last week.

Everything will be OK seems to be the market’s mantra for the past few months, but if things don’t end up the way the market assumed, the S&P 500 multiple could come down to 15.5 times to 15 times, dragging the S&P 500 down by 5 to 10 percent, Essaye said.

WATCH: Is an earnings recession on the way?


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: yun li, michael nagle, bloomberg, getty images, scott mlyn
Keywords: news, cnbc, companies, valuation, way, times, 500, stock, market, note, growth, earnings, different, sp, essaye, telling, economy


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post