Pinterest plunges after earnings but Wall Street analysts are sticking with the stock

Wall Street analysts are sticking with Pinterest despite a very rocky first earnings report Thursday after the bell. Analysts at UBS noted Pinterest is in a, “unique position,” in its space and reiterated its confidence in the company’s ability to execute over the long haul. “While its initial earnings report & forward commentary were roughly inline with Street estimates, we still see signs that PINS long-term narrative is solidly intact,” wrote UBS analyst Eric Sheridan in his recap not to clie


Wall Street analysts are sticking with Pinterest despite a very rocky first earnings report Thursday after the bell. Analysts at UBS noted Pinterest is in a, “unique position,” in its space and reiterated its confidence in the company’s ability to execute over the long haul. “While its initial earnings report & forward commentary were roughly inline with Street estimates, we still see signs that PINS long-term narrative is solidly intact,” wrote UBS analyst Eric Sheridan in his recap not to clie
Pinterest plunges after earnings but Wall Street analysts are sticking with the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: michael bloom
Keywords: news, cnbc, companies, plunges, analyst, ubs, stock, street, pinterest, wall, analysts, report, intact, view, trading, earnings, wasnt, sticking


Pinterest plunges after earnings but Wall Street analysts are sticking with the stock

Wall Street analysts are sticking with Pinterest despite a very rocky first earnings report Thursday after the bell. The social media platform posted a much bigger loss than many expected.

Most analysts feel the social media company, which went public last month, is on the right track and said to use the pullback as an opportunity to buy the shares.

“The stock could remain volatile near term, but management laid out a compelling roadmap that should ensure ongoing strong revenue growth and a route to attractive profitability over the medium term,” Atlantic Equities analyst James Cordwell said.

Shares plunged 15% in premarket trading Friday to $25.79, still above the stock’s $19 IPO price but just around its closing price on its first day of trading of $24.40.

The negative earnings headlines were mostly, “noise,” according to Baird analysts.

“Overall, fundamentals are intact, and we view significant near-term weakness as an attractive buying opportunity,” analyst Colin Sebastian said.

Analysts at UBS noted Pinterest is in a, “unique position,” in its space and reiterated its confidence in the company’s ability to execute over the long haul.

“While its initial earnings report & forward commentary were roughly inline with Street estimates, we still see signs that PINS long-term narrative is solidly intact,” wrote UBS analyst Eric Sheridan in his recap not to clients.

One analyst admitted the earnings report wasn’t great but wasn’t backing down from his buy rating.

“Though the headline outlook may have missed the mark, we believe expectations have been broadly reset for the rest of the year and our view on the long-term drivers of the business remain intact (and actually pulled in a bit),” Nomura analyst Mark Kelley said.

Here are what the major analysts are saying about Pinterest earnings:


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: michael bloom
Keywords: news, cnbc, companies, plunges, analyst, ubs, stock, street, pinterest, wall, analysts, report, intact, view, trading, earnings, wasnt, sticking


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Wall Street analysts are sticking by these stocks hit hard by the trade war

The Dow dropped a s much 719 points on Monday as the trade war continued its escalation but is higher in early trading on Tuesday. CNBC did a deep dive through sell-side stock research since the trade war escalated to find companies that analysts are singling out in their respective coverage universes. Wall Street analysts aren’t backing down from their buy ratings on stocks that have been hit hard in the latest trade battle between the U.S. and China. Wall Street will be watching Alibaba’s earn


The Dow dropped a s much 719 points on Monday as the trade war continued its escalation but is higher in early trading on Tuesday. CNBC did a deep dive through sell-side stock research since the trade war escalated to find companies that analysts are singling out in their respective coverage universes. Wall Street analysts aren’t backing down from their buy ratings on stocks that have been hit hard in the latest trade battle between the U.S. and China. Wall Street will be watching Alibaba’s earn
Wall Street analysts are sticking by these stocks hit hard by the trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: michael bloom
Keywords: news, cnbc, companies, war, sticking, buy, analysts, wall, earnings, trade, hard, street, tariffs, services, hit, chinese, china, company, stocks


Wall Street analysts are sticking by these stocks hit hard by the trade war

Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 26, 2018.

The Dow dropped a s much 719 points on Monday as the trade war continued its escalation but is higher in early trading on Tuesday.

CNBC did a deep dive through sell-side stock research since the trade war escalated to find companies that analysts are singling out in their respective coverage universes.

Wall Street analysts aren’t backing down from their buy ratings on stocks that have been hit hard in the latest trade battle between the U.S. and China. While the two countries continue slapping tariffs on each other, many analysts say clients should use the market weakness as a time to buy these beaten down shares because the risks are overblown.

Wall Street will be watching Alibaba’s earnings report on Wednesday for any signs of the trade war effect on the Chinese e-commerce giant.

The most recent actions by the White House have brought “greater uncertainty,” to the company, but SunTrust analysts are sticking with their buy rated call. “The latest data out of National Bureau of Statistics of China suggests that the macro environment has been improving, a positive for Chinese consumption, and for BABA in particular,” analyst Youssef Squali said.

“Long term we view BABA as a winner considering 1) its dominance of the Chinese ecom. mkt and the insatiable appetite for China’s growing middle class, 2) it’s a 25%+ compounder over the next 5 yrs (our ests), and 3) its portfolio of strategic invests,” he added.

Shares of the company are down 4% over the last week.

Apple has also been hit hard by the ongoing trade uncertainty, but Wedbush analysts say things might not be as bad as they appear.

“That said, for Apple in particular we believe the way things stand today the bark will be worse than the bite for Cupertino around China headwinds and we would be buyers of the name on weakness,” said analyst Dan Ives who’s keeping his outperform rating on the stock.

Apple, which was the worst performer on the Dow on Monday, is down more than 8% over the last week.

Despite the trade dispute, Credit Suisse analysts are not backing down from their calls on some business services stocks.

Alarm.com, provides cloud services for remote control home monitoring services and has an outperform rating at the firm.

The company recently reported earnings and stated that tariffs were indeed having an effect.

“ALRM highlighted on its most recent earnings call that higher tariffs have modestly impacted hardware sales,” analyst Kevin McVeigh said.

The stock is down more than 15% over the last week.

Here are other buy-rated stocks analysts are sticking by in the trade war:


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: michael bloom
Keywords: news, cnbc, companies, war, sticking, buy, analysts, wall, earnings, trade, hard, street, tariffs, services, hit, chinese, china, company, stocks


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Buffett says Berkshire is sticking with Apple and he’s pleased with latest earnings report

Berkshire Hathaway is sticking with its sizable Apple stake, Warren Buffett said. “We haven’t changed our [Apple] holdings,” Buffett told CNBC’s Becky Quick on Thursday, on the eve of the kickoff of Berkshire Hathaway’s annual shareholder meeting in Omaha this weekend. Apple shares are up more than 32% this year, including a boost from the iPhone maker’s better-than-expected first-quarter earnings report this week. I have no reason to think he’s bought or sold Apple,” Buffett added Thursday. Buf


Berkshire Hathaway is sticking with its sizable Apple stake, Warren Buffett said. “We haven’t changed our [Apple] holdings,” Buffett told CNBC’s Becky Quick on Thursday, on the eve of the kickoff of Berkshire Hathaway’s annual shareholder meeting in Omaha this weekend. Apple shares are up more than 32% this year, including a boost from the iPhone maker’s better-than-expected first-quarter earnings report this week. I have no reason to think he’s bought or sold Apple,” Buffett added Thursday. Buf
Buffett says Berkshire is sticking with Apple and he’s pleased with latest earnings report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: yun li
Keywords: news, cnbc, companies, apple, shares, hes, earnings, told, reason, report, sticking, annual, pleased, omaha, investment, think, latest, berkshire, buffett


Buffett says Berkshire is sticking with Apple and he's pleased with latest earnings report

Berkshire Hathaway is sticking with its sizable Apple stake, Warren Buffett said.

“We haven’t changed our [Apple] holdings,” Buffett told CNBC’s Becky Quick on Thursday, on the eve of the kickoff of Berkshire Hathaway’s annual shareholder meeting in Omaha this weekend.

Apple shares are up more than 32% this year, including a boost from the iPhone maker’s better-than-expected first-quarter earnings report this week.

“I was pleased with what they reported,” Buffett said, while noting he never makes investment decisions based on a single quarterly report. “What they talked about and reported is consistent with the reason we own $50 billion-plus of Apple.”

Berkshire owned more than $40 billion worth of the tech giant as of end of last year, according to its 2018 annual letter. The conglomerate decreased its stake in Apple by nearly 3 million shares in the fourth quarter of 2018, but Buffett said at the time that the selling wasn’t under his direction.

“Unless — and I have no reason to think this is true — but there’s one fellow that owns a little over 1% of our holdings in the office and I don’t see what he does every day. I have no reason to think he’s bought or sold Apple,” Buffett added Thursday.

The “Oracle of Omaha” first announced Berkshire’s investment in Apple in February 2017 despite Chairman Buffett’s usual aversion to tech stocks. He told CNBC at the time that he clearly likes Apple, and “we buy them to hold.”

Buffett also told CNBC on Thursday that Berkshire has been buying shares of Amazon.

Tens of thousands of investors are heading to Omaha for the annual shareholder meeting on Saturday to hear from Buffett about his succession plan, investment strategy and market outlook.


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: yun li
Keywords: news, cnbc, companies, apple, shares, hes, earnings, told, reason, report, sticking, annual, pleased, omaha, investment, think, latest, berkshire, buffett


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Cramer’s lightning round: I’m sticking with this gold stock pick

Align Technology: “Look, they’ve got Danaher … [and] 3M against them and you know what, Align still owns the market. Johnson & Johnson: “I think Johnson & Johnson is the earnings, the fundamentals versus — O.K., listen up — versus talc. Enlink Midstream LLC: “It’s a good midstream, but I gotta tell you something: these stocks are like wasting assets. I no longer recommend any pipeline stocks. I’m trying to save people money and I can’t if I recommend a pipeline stock.”


Align Technology: “Look, they’ve got Danaher … [and] 3M against them and you know what, Align still owns the market. Johnson & Johnson: “I think Johnson & Johnson is the earnings, the fundamentals versus — O.K., listen up — versus talc. Enlink Midstream LLC: “It’s a good midstream, but I gotta tell you something: these stocks are like wasting assets. I no longer recommend any pipeline stocks. I’m trying to save people money and I can’t if I recommend a pipeline stock.”
Cramer’s lightning round: I’m sticking with this gold stock pick Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: tyler clifford
Keywords: news, cnbc, companies, owns, pick, im, recommend, stocks, stock, lightning, versus, tell, pipeline, cramers, gold, oh, sticking, johnson, know, round


Cramer's lightning round: I'm sticking with this gold stock pick

CarGurus Inc.: “Well, I gotta tell you my viewers, including you Scott, are smarter than I am. I like Carmax, but we are going to do a deep dive on Cargurus because of exactly what you just told us. Because you teach us.”

Iamgold Corp.: “Well, you know what, I am not gold. I am Barrick Gold. I like the work of [CEO] Dr. Mark Bristow … That would be the way I go.”

Align Technology: “Look, they’ve got Danaher … [and] 3M against them and you know what, Align still owns the market. I was too negative. Align as got it going.”

Johnson & Johnson: “I think Johnson & Johnson is the earnings, the fundamentals versus — O.K., listen up — versus talc. And I happen to be a believer that JNJ will prevail. Now I know that is a minority view and it’s why JNJ keeps failing at $140, but my charitable trust owns it and we’re sticking with it.”

Electronic Arts: “You know, the gaming stocks they are just a battleground and I don’t want to be in a battleground, it’s too hard.”

Enlink Midstream LLC: “It’s a good midstream, but I gotta tell you something: these stocks are like wasting assets. I no longer recommend any pipeline stocks. I’m trying to save people money and I can’t if I recommend a pipeline stock.”

NextEra Energy Inc.: “Oh, I love a growth utility and that is one of the best. I should be recommending it more. I’m too focused on Dominion [Energy] and AEP. I should put NEE in there.”

Baidu Inc.: “Baidu’s good. Now we know that Baidu has got a very strong track record, but Alibaba is my favorite. Baidu is my second favorite.”

KKR & Co. Inc.: “Oh, I like KKR. C’mon, they’re brilliant guys. I know the distribution’s low right now, but I’m never gonna go against those guys. And yes, I was in favor of Blackstone more than those guys.”

Canopy Growth Corp.: “Canopy? I like Canopy. It just had a big spike. You buy a little and then you let it come down.”


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: tyler clifford
Keywords: news, cnbc, companies, owns, pick, im, recommend, stocks, stock, lightning, versus, tell, pipeline, cramers, gold, oh, sticking, johnson, know, round


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Morgan Stanley sticking by bear call for 2019, sees profits disappointing

Rate hike predictions could come back next year: U.S. equity strategist 17 Hours Ago | 03:20Morgan Stanley’s Mike Wilson is sticking by his bear call — and isn’t changing his mind about an earnings recession. “The earnings profit recession is real,” he told CNBC on Monday. The mistake was … the timing of the fiscal policy stimulus, which overheated the economy last year.” Wilson, the firm’s chief U.S. equity strategist, has repeatedly warned that investors could be caught in a “rolling bear mark


Rate hike predictions could come back next year: U.S. equity strategist 17 Hours Ago | 03:20Morgan Stanley’s Mike Wilson is sticking by his bear call — and isn’t changing his mind about an earnings recession. “The earnings profit recession is real,” he told CNBC on Monday. The mistake was … the timing of the fiscal policy stimulus, which overheated the economy last year.” Wilson, the firm’s chief U.S. equity strategist, has repeatedly warned that investors could be caught in a “rolling bear mark
Morgan Stanley sticking by bear call for 2019, sees profits disappointing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: michelle fox, jacob w frank, getty images
Keywords: news, cnbc, companies, earnings, morgan, 2019, mistake, recession, equity, profits, sees, strategist, sticking, yearwilson, bear, wilson, disappointing, stanley, warned, investors


Morgan Stanley sticking by bear call for 2019, sees profits disappointing

Rate hike predictions could come back next year: U.S. equity strategist 17 Hours Ago | 03:20

Morgan Stanley’s Mike Wilson is sticking by his bear call — and isn’t changing his mind about an earnings recession.

“The earnings profit recession is real,” he told CNBC on Monday.

“The mistake was not the Fed tightening last year. The mistake was … the timing of the fiscal policy stimulus, which overheated the economy last year.”

Wilson, the firm’s chief U.S. equity strategist, has repeatedly warned that investors could be caught in a “rolling bear market” for the next several years. In February, he said that the long-awaited earnings recession had arrived but that investors were still too optimistic.

Indeed, optimism has reigned so far this year. The S&P 500 has had its best start to a year since 1998. The index gained 13.1 percent in the first quarter — its strongest quarterly performance since 2009.


Company: cnbc, Activity: cnbc, Date: 2019-04-01  Authors: michelle fox, jacob w frank, getty images
Keywords: news, cnbc, companies, earnings, morgan, 2019, mistake, recession, equity, profits, sees, strategist, sticking, yearwilson, bear, wilson, disappointing, stanley, warned, investors


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Cramer’s lightning round: I’m sticking with Domino’s ahead of earnings

Domino’s Pizza Inc.: “I think the quarter’s going to be OK. I think [CEO] Ritch Allison’s doing a real good job. I’m sticking with Domino’s. Baidu Inc.: “Nope, nope. I’m going to have to take a pass on it.”


Domino’s Pizza Inc.: “I think the quarter’s going to be OK. I think [CEO] Ritch Allison’s doing a real good job. I’m sticking with Domino’s. Baidu Inc.: “Nope, nope. I’m going to have to take a pass on it.”
Cramer’s lightning round: I’m sticking with Domino’s ahead of earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, dominos, schlumberger, cramers, sticking, ahead, im, round, earnings, strong, ill, real, offshore, going, holdings, think, lightning, nope


Cramer's lightning round: I'm sticking with Domino's ahead of earnings

Domino’s Pizza Inc.: “I think the quarter’s going to be OK. I like the stock. I think [CEO] Ritch Allison’s doing a real good job. I’m sticking with Domino’s. [The] category’s not that flamboyant, it’s not doing that well, but hey, listen, they’re taking some share from another competitor that I don’t need to name.”

Baidu Inc.: “Nope, nope. We’re going to recommend only Alibaba. We’ve added that just because we feel like the trade camp is going to get a deal, but that’s the only one we’re going to do because we’re very, very strong on the fundamentals there.”

Synopsys Inc.: “It’s a good company. It’s design automation. I’ll give you a two-fer: I’ll also throw in Autodesk. I like that one, too. These are very strong stocks.”

Transocean Ltd.: “I don’t like offshore drilling. It’s just been a real loser. If you want to own offshore drilling, you might as well go be in … Schlumberger, and I never thought Schlumberger would sink as low as it did. There. I own that.”

MarketAxess Holdings Inc.: “You know we liked [CEO Rick] McVey when he was on. We’re not going to cash out up 21 percent. More upside.”

Lumentum Holdings Inc.: “Lumentum is a short-term trader. It’s too much of a trading vehicle. Too hard for this guy. I’m going to have to take a pass on it.”


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, dominos, schlumberger, cramers, sticking, ahead, im, round, earnings, strong, ill, real, offshore, going, holdings, think, lightning, nope


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A giant coalition of companies including Amazon and Apple urges Congress to save ‘Dreamers’

Trump had proposed limited legal protections for “Dreamers” in exchange for money to build his proposed border wall, but Democrats quickly rejected the temporary solution as “inadequate.” Losing DACA workers would cost the economy $350 billion in GDP and $90 billion in tax revenue, the companies said in the letter. “American employers and hundreds of thousands of Dreamers are counting on you to pass bipartisan, permanent legislative protection for Dreamers without further delay.” Trump agreed on


Trump had proposed limited legal protections for “Dreamers” in exchange for money to build his proposed border wall, but Democrats quickly rejected the temporary solution as “inadequate.” Losing DACA workers would cost the economy $350 billion in GDP and $90 billion in tax revenue, the companies said in the letter. “American employers and hundreds of thousands of Dreamers are counting on you to pass bipartisan, permanent legislative protection for Dreamers without further delay.” Trump agreed on
A giant coalition of companies including Amazon and Apple urges Congress to save ‘Dreamers’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: yun li, samuel corum, anadolu agency, getty images
Keywords: news, cnbc, companies, billion, dreamers, save, pass, trump, border, apple, coalition, companies, urges, end, wall, temporary, giant, including, congress, sticking, amazon


A giant coalition of companies including Amazon and Apple urges Congress to save 'Dreamers'

“With the re-opening of the federal government and the presumptive restart of immigration and border security negotiations, now is the time for Congress to pass a law to provide Dreamers the certainty they need. These are our friends, neighbors, and coworkers, and they should not have to wait for court cases to be decided to determine their fate when Congress can act now,” they wrote in the letter.

Immigration is one of the biggest sticking points between the parties as the government lurches toward another potential shutdown at the end of this Friday. President Donald Trump has been a big opponent of the Obama-era Deferred Action for Childhood Arrivals program, or DACA, which allows young immigrants who arrived in the U.S. illegally as children to stay and work in the country. Trump had proposed limited legal protections for “Dreamers” in exchange for money to build his proposed border wall, but Democrats quickly rejected the temporary solution as “inadequate.”

Losing DACA workers would cost the economy $350 billion in GDP and $90 billion in tax revenue, the companies said in the letter.

“We have seen time and again that the overwhelming majority of Americans of all political backgrounds agree that we should protect Dreamers from deportation,” the letter said. “American employers and hundreds of thousands of Dreamers are counting on you to pass bipartisan, permanent legislative protection for Dreamers without further delay.”

Trump agreed on Jan. 25 to end a 35-day government shutdown, the longest such impasse in history, without getting the $5.7 billion he had demanded from Congress for a border wall. Congress has been working on a bill that addresses border security but is still stuck on several key issues. It has until end of day Friday to lock down the sticking points and strike a deal that could avoid another funding lapse, or pass another temporary spending bill.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: yun li, samuel corum, anadolu agency, getty images
Keywords: news, cnbc, companies, billion, dreamers, save, pass, trump, border, apple, coalition, companies, urges, end, wall, temporary, giant, including, congress, sticking, amazon


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Liquor before beer? You will still feel terrible, new study says

“Beer before liquor, never been sicker; liquor before beer, you’re in the clear” is a well-worn phrase backing the belief that you can avoid a hangover if you take drinks in the “right” order. But a new medical study has concluded that the threat of a crushing hangover cannot be removed by making sure that beer comes before, or after, wine. A 2015 Edelgrafler white wine with an alcohol content of 11.1 percent, was served at the same temperature. One group consumed two-and-a-half pints of beer fo


“Beer before liquor, never been sicker; liquor before beer, you’re in the clear” is a well-worn phrase backing the belief that you can avoid a hangover if you take drinks in the “right” order. But a new medical study has concluded that the threat of a crushing hangover cannot be removed by making sure that beer comes before, or after, wine. A 2015 Edelgrafler white wine with an alcohol content of 11.1 percent, was served at the same temperature. One group consumed two-and-a-half pints of beer fo
Liquor before beer? You will still feel terrible, new study says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: david reid, hero images, getty images
Keywords: news, cnbc, companies, terrible, study, drink, hangover, beer, group, white, liquor, feel, wine, sticking, groups, alcohol


Liquor before beer? You will still feel terrible, new study says

“Beer before liquor, never been sicker; liquor before beer, you’re in the clear” is a well-worn phrase backing the belief that you can avoid a hangover if you take drinks in the “right” order.

But a new medical study has concluded that the threat of a crushing hangover cannot be removed by making sure that beer comes before, or after, wine.

The study, published in the American Journal of Clinical Nutrition on Friday, went further claiming that hangovers were also not made more bearable by sticking to one type of drink thereby debunking another of the barfly’s favorite: “Grape or grain but never the twain.”

The experiment broke up 90 people into three groups before the drinking began. Factors included size, age and gender.

The beer, a Carlsberg Pilsner lager, held an alcohol content of 5 percent and was, served cold. A 2015 Edelgrafler white wine with an alcohol content of 11.1 percent, was served at the same temperature.

One group consumed two-and-a-half pints of beer followed by four large glasses of white wine. The second group consumed the same, but in the opposite order.

The third group drank either only beer or only wine, but with matching alcohol levels.

A week later, the study groups were asked to come back and drink in reverse order, or in the case of the third group, to switch beverages.

Hangover severity was judged by Acute Hangover Scale (AHS) rating on the day following each drinking session.

According to the study, changing the order of the drinks made no little to difference to the pain or discomfort of those in the medical trial and sticking to one or the other drink offered little AHS change either.

It was noted that women in the groups tended to suffer more than men.

While debunking some old myths the conclusion of the paper did suggest that there were important benefits of a symptomatic hangover calling it “a protective warning sign that will certainly have aided humans over the ages to modify future behavior, and hence pass on this evolutionary advantage to next generations.”


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: david reid, hero images, getty images
Keywords: news, cnbc, companies, terrible, study, drink, hangover, beer, group, white, liquor, feel, wine, sticking, groups, alcohol


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China and US discussing Trump-Xi trade meeting, but optics among sticking points

A White House official told CNBC that “thus far, we have focused on substance and not next steps.” U.S. and China officials are meeting in Washington, trying to strike the trade deal to avert a new round of tariffs. Trump is scheduled to meet with Chinese Vice Premier Liu He on Thursday. However, he noted that a deal will not be struck until he meets with Chinese President Xi Jinping. The two countries slapped tariffs on billions of dollars worth of each other’s goods last year, sending ripples


A White House official told CNBC that “thus far, we have focused on substance and not next steps.” U.S. and China officials are meeting in Washington, trying to strike the trade deal to avert a new round of tariffs. Trump is scheduled to meet with Chinese Vice Premier Liu He on Thursday. However, he noted that a deal will not be struck until he meets with Chinese President Xi Jinping. The two countries slapped tariffs on billions of dollars worth of each other’s goods last year, sending ripples
China and US discussing Trump-Xi trade meeting, but optics among sticking points Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: kayla tausche, fred imbert, chip somodevilla, getty images
Keywords: news, cnbc, companies, sticking, xi, washington, white, worth, optics, deal, chinese, vice, updates, china, trumpxi, trade, trying, points, discussing, meeting, tariffs


China and US discussing Trump-Xi trade meeting, but optics among sticking points

A White House official told CNBC that “thus far, we have focused on substance and not next steps.”

U.S. and China officials are meeting in Washington, trying to strike the trade deal to avert a new round of tariffs. Trump is scheduled to meet with Chinese Vice Premier Liu He on Thursday.

Trump tweeted on Thursday the meetings in Washington are going well, adding: “China’s representatives and I are trying to do a complete deal, leaving NOTHING unresolved on the table.” However, he noted that a deal will not be struck until he meets with Chinese President Xi Jinping.

The two countries slapped tariffs on billions of dollars worth of each other’s goods last year, sending ripples through financial markets.

This is a developing story. Check back for updates.


Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: kayla tausche, fred imbert, chip somodevilla, getty images
Keywords: news, cnbc, companies, sticking, xi, washington, white, worth, optics, deal, chinese, vice, updates, china, trumpxi, trade, trying, points, discussing, meeting, tariffs


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Canada’s vast pension fund is sticking with China even as political tensions mount

Investment strategies involving China are coming under scrutiny amid political and security-related conflicts between Beijing and major Western economies, as well as a predicted growth slowdown for the world’s second-largest economy. But Canada’s massive pension fund, among the world’s top 10 in terms of size, is sticking to plans to expand its holdings there. Mark Machin, president and chief executive of Canada’s Pension Plan Investment Board (CPPIB), sees the country’s potential to diversify h


Investment strategies involving China are coming under scrutiny amid political and security-related conflicts between Beijing and major Western economies, as well as a predicted growth slowdown for the world’s second-largest economy. But Canada’s massive pension fund, among the world’s top 10 in terms of size, is sticking to plans to expand its holdings there. Mark Machin, president and chief executive of Canada’s Pension Plan Investment Board (CPPIB), sees the country’s potential to diversify h
Canada’s vast pension fund is sticking with China even as political tensions mount Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-21  Authors: natasha turak
Keywords: news, cnbc, companies, sticking, worlds, pension, political, world, market, portfolio, plans, china, growth, investment, tensions, expected, fund, mount, vast, secondlargest, canadas


Canada's vast pension fund is sticking with China even as political tensions mount

Investment strategies involving China are coming under scrutiny amid political and security-related conflicts between Beijing and major Western economies, as well as a predicted growth slowdown for the world’s second-largest economy.

But Canada’s massive pension fund, among the world’s top 10 in terms of size, is sticking to plans to expand its holdings there.

Mark Machin, president and chief executive of Canada’s Pension Plan Investment Board (CPPIB), sees the country’s potential to diversify his portfolio as outweighing any shorter-term economic setbacks.

“China is today the second-largest economy in the world, the second-largest equity market in the world, the third-largest bond market in world, and we have the ability to diversify into it,” he told CNBC at the World Economic Forum in Davos.

“So it’s more of a diversification call than a market call for the next few weeks or months … It’s much longer-term and it’s about diversification.”

China’s growth outlook has been dampened by weakened domestic demand and the trade war with Washington that’s hit exports. A recent Reuters poll found that the country’s growth is expected to slow to 6.3 percent this year from an expected 6.6 percent in 2018, which would be the lowest in 29 years. That figure was 6.9 percent in 2017.

The CPPIB, with $280 billion in assets under management as of last summer, plans to more than double its assets allocated to China by 2025 from a current 7.6 percent of its portfolio to up to 20 percent, it announced last August.


Company: cnbc, Activity: cnbc, Date: 2019-01-21  Authors: natasha turak
Keywords: news, cnbc, companies, sticking, worlds, pension, political, world, market, portfolio, plans, china, growth, investment, tensions, expected, fund, mount, vast, secondlargest, canadas


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