Beijing will leave Hong Kong to resolve protests, HKEX chair says

The Chinese government should and will let authorities in Hong Kong resolve the continued public protests that have beset the financial center, according to the chair of the Hong Kong Stock Exchange (HKEX). Hong Kong has witnessed more than nine months of protests over a now suspended extradition bill that would have allowed people in the city to be sent to the mainland for trial. Speaking to CNBC’s Geoff Cutmore at the World Economic Forum in Davos on Monday, the chair of the Hong Kong Stock Ex


The Chinese government should and will let authorities in Hong Kong resolve the continued public protests that have beset the financial center, according to the chair of the Hong Kong Stock Exchange (HKEX).
Hong Kong has witnessed more than nine months of protests over a now suspended extradition bill that would have allowed people in the city to be sent to the mainland for trial.
Speaking to CNBC’s Geoff Cutmore at the World Economic Forum in Davos on Monday, the chair of the Hong Kong Stock Ex
Beijing will leave Hong Kong to resolve protests, HKEX chair says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-20  Authors: david reid
Keywords: news, cnbc, companies, hkex, world, chair, protests, leave, cha, resolve, issues, exchange, hong, kong, stock, public, beijing


Beijing will leave Hong Kong to resolve protests, HKEX chair says

The Chinese government should and will let authorities in Hong Kong resolve the continued public protests that have beset the financial center, according to the chair of the Hong Kong Stock Exchange (HKEX).

Hong Kong has witnessed more than nine months of protests over a now suspended extradition bill that would have allowed people in the city to be sent to the mainland for trial. The public disorder has spread to consider other issues such as rampant property prices. The most recent rally on Sunday once again turned violent.

Speaking to CNBC’s Geoff Cutmore at the World Economic Forum in Davos on Monday, the chair of the Hong Kong Stock Exchange, Laura Cha, said she felt Beijing would resist from interfering.

“I believe that it will, and it should. It is a local issue under one country, two systems,” said Cha.

For 10 years until 2018, Cha was a member of China’s National People’s Congress, acting as the Hong Kong deputy. The businesswoman added she believed that Hong Kong would soon be able to tackle the issues that have led to the unrest.


Company: cnbc, Activity: cnbc, Date: 2020-01-20  Authors: david reid
Keywords: news, cnbc, companies, hkex, world, chair, protests, leave, cha, resolve, issues, exchange, hong, kong, stock, public, beijing


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France is making start-up friendly reforms to lure tech talent and take on Silicon Valley

France is bringing in new rules on employee stock options to lure in talent and compete with the U.S.’ top tech hub. President Emmanuel Macron will on Monday announce the government’s plans, which look to expand its stock options scheme to include foreign companies with staff in France, among other rule changes. The package of reforms comes after 500 European start-up founders called on EU member states to update and align their rules on employee stock options, which give employees the chance to


France is bringing in new rules on employee stock options to lure in talent and compete with the U.S.’ top tech hub.
President Emmanuel Macron will on Monday announce the government’s plans, which look to expand its stock options scheme to include foreign companies with staff in France, among other rule changes.
The package of reforms comes after 500 European start-up founders called on EU member states to update and align their rules on employee stock options, which give employees the chance to
France is making start-up friendly reforms to lure tech talent and take on Silicon Valley Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-19  Authors: ryan browne
Keywords: news, cnbc, companies, silicon, stock, employee, rules, france, options, talent, friendly, tech, valley, lure, work, reforms, ventures, value, startup, making


France is making start-up friendly reforms to lure tech talent and take on Silicon Valley

France is bringing in new rules on employee stock options to lure in talent and compete with the U.S.’ top tech hub.

President Emmanuel Macron will on Monday announce the government’s plans, which look to expand its stock options scheme to include foreign companies with staff in France, among other rule changes.

The package of reforms comes after 500 European start-up founders called on EU member states to update and align their rules on employee stock options, which give employees the chance to acquire a slice of the company they work for.

The entrepreneurs, which include Stripe CEO Patrick Collison and TransferWise boss Taavet Hinrikus, warned of a “brain drain” of the best and brightest in Europe if policymakers didn’t reform employee share ownership rules to help the EU’s tech sector rival Silicon Valley.

A letter signed by the tech executives and coordinated by venture capital firm Index Ventures was sent to lawmakers across the continent last year. Index Ventures, an investor in the likes of Adyen and Deliveroo, has claimed U.S. tech workers own twice as much equity in the companies they work for than their European counterparts.

The changes from France will also ensure the stock options are priced at a fair-market value instead of the value paid by investors to avoid penalizing early employees, as well as remove restrictions on start-up visas that require eligible employers to be based in France.


Company: cnbc, Activity: cnbc, Date: 2020-01-19  Authors: ryan browne
Keywords: news, cnbc, companies, silicon, stock, employee, rules, france, options, talent, friendly, tech, valley, lure, work, reforms, ventures, value, startup, making


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How to make a ‘truly delicious and satisfying’ soup that costs only 50 cents per serving

When you’re hungry and there’s seemingly nothing in your pantry or fridge, you might be tempted to drop $15 on takeout. Instead, you could take a page from cookbook authors Guy Ambrosino and Kate Winslow and call on the resourcefulness of past generations. The story goes that Ambrosino’s Italian great-grandmother started making fried water soup when there were just a few eggs, onions, and some stale bread in the house. Here’s how to make fried water soup, as well as some other meals that are eas


When you’re hungry and there’s seemingly nothing in your pantry or fridge, you might be tempted to drop $15 on takeout.
Instead, you could take a page from cookbook authors Guy Ambrosino and Kate Winslow and call on the resourcefulness of past generations.
The story goes that Ambrosino’s Italian great-grandmother started making fried water soup when there were just a few eggs, onions, and some stale bread in the house.
Here’s how to make fried water soup, as well as some other meals that are eas
How to make a ‘truly delicious and satisfying’ soup that costs only 50 cents per serving Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-18  Authors: sofia pitt, guy ambrosino, kate winslow
Keywords: news, cnbc, companies, eggs, winslow, satisfying, onions, stock, ambrosino, skills, truly, soup, water, hungry, save, costs, serving, delicious, cents


How to make a 'truly delicious and satisfying' soup that costs only 50 cents per serving

When you’re hungry and there’s seemingly nothing in your pantry or fridge, you might be tempted to drop $15 on takeout. Instead, you could take a page from cookbook authors Guy Ambrosino and Kate Winslow and call on the resourcefulness of past generations. In “Onions Etcetera: The Essential Allium Cookbook,” Ambrosino and his wife Winslow share with readers a recipe for fried water soup, a meal that costs just $0.48 per serving, and one that Ambrosino says “illustrates the saying that necessity is the mother of invention.” The story goes that Ambrosino’s Italian great-grandmother started making fried water soup when there were just a few eggs, onions, and some stale bread in the house. “What was once something that was made because that was all they could make to feed and nourish their family is now made because it reminds us of ancestors and of our warm memories of sitting with family and friends around a table,” he says. “Plus, it is truly delicious and satisfying.” Here’s how to make fried water soup, as well as some other meals that are easy to make when you have little on hand or are trying to save money.

‘You will never go hungry if you have an egg’

If you want to stretch what you have at home, “learn to make a good omelet, and a good frittata,” Ambrosino says. If you know how to make a few staples easily and quickly, with limited ingredients, you won’t be tempted to eat out, he says. Instead of impulsively ordering in food, take a beat to plan, he suggests. “There are many nights when we open the fridge and don’t see much there, but if we take a few extra minutes to think, we realize that we can utilize that leftover kale from two nights ago along with that heel of Manchego from last week’s party as well as the eggs we always have. Voila, we have the makings of a frittata.” Always keep eggs on hand, he suggests. “Best advice ever: Always, always have eggs in the house — you will never go hungry if you have an egg.”

Best advice ever: Always, always have eggs in the house — you will never go hungry if you have an egg. Guy Ambrosino ‘Onions Etcetera: The Essential Allium Cookbook’ co-author

Learn these three kitchen skills

Learning just three kitchen skills will save you money, Ambrosino says. His first recommendation is to learn to make any type of stock, beef, vegetable, or chicken. “Even if you buy a rotisserie chicken, keep the carcass for making stock, which will go into making future soups, risottos, and sauces. A freezer full of stock means there is dinner in your future.” He also recommends learning how to chop and break down vegetables because “precut veggies at the supermarket are so much more expensive, and who knows how long they’ve been sitting on the shelf!” If you don’t know the best way to dice an onion or chop a carrot, you can find knife skills videos featuring chefs Jacques Pepin and Jamie Oliver on YouTube. Or you can even take an online vegetable skills course at The Milk Street Cooking School for $39.

Guy Ambrosino and Kate Winslow. Photo by Guy Ambrosino

The third way to save is to learn how to make a basic vinaigrette. Once you get the hang of it, you can make a variety of dressings, he explains. “Swapping out vinegars, oils, and seasonings to create different [flavor] profiles — you’ll never have to buy bottled dressing again, which is so full of gunk and fillers and sodium anyways.” Ambrosino and Winslow’s son is starting high school, and they’re thrilled that he has the option to take a culinary arts course. “It shouldn’t be an elective — it should be a requirement,” Ambrosino says. “Culinary arts is arguably the only one [class] that will teach him skills that he will use every single day of his life. And that’s why they used to call it home economics — because it helped teach you how much things cost and why it’s more economical to cook at home rather than eat out. It’s a true life skill.”


Company: cnbc, Activity: cnbc, Date: 2020-01-18  Authors: sofia pitt, guy ambrosino, kate winslow
Keywords: news, cnbc, companies, eggs, winslow, satisfying, onions, stock, ambrosino, skills, truly, soup, water, hungry, save, costs, serving, delicious, cents


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Stocks appear detached from reality, rallying for two things that may not happen

The S&P 500 has soared 12% since the beginning of October. S&P 500 earnings are expected to drop by 0.3% in the fourth quarter of 2019, marking the first back-to-back quarterly decline since 2016, according to Refinitiv. Detached from economic realityThe stock market and the economy are also telling two different stories, at least for now. S&P 500 materials and consumer discretionary only eked out 6% and 4% gains, respectively, in the past three months, versus the broad market’s 11% climb. The b


The S&P 500 has soared 12% since the beginning of October.
S&P 500 earnings are expected to drop by 0.3% in the fourth quarter of 2019, marking the first back-to-back quarterly decline since 2016, according to Refinitiv.
Detached from economic realityThe stock market and the economy are also telling two different stories, at least for now.
S&P 500 materials and consumer discretionary only eked out 6% and 4% gains, respectively, in the past three months, versus the broad market’s 11% climb.
The b
Stocks appear detached from reality, rallying for two things that may not happen Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-18  Authors: yun li
Keywords: news, cnbc, companies, stock, detached, rallying, things, reality, market, quarter, shortterm, strategist, 500, happen, stocks, earnings, rally, appear


Stocks appear detached from reality, rallying for two things that may not happen

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. Brendan McDermid | Reuters

The new year is not even three full weeks old, and already half a trillion dollars has been added to the S&P 500’s value. Some investors worry either the economy has to suddenly jolt into action or earnings have to surprisingly surge — two things unlikely to occur — in order to justify these kinds of gains. The S&P 500 has soared 12% since the beginning of October. Not only does the rally defy many tried-and-true economic indicators, it also ignores the ongoing profits slump, leading many Wall Street strategists to urge caution. “People are getting too optimistic in the short-term,” said Tom Essaye, founder of The Sevens Report. “We keep pricing in all this really good stuff that’s going to happen, but it has not shown up yet …This market is in a full melt-up mode, and it would be foolish to try and stay in front of it.” Perhaps the easing trade tensions between the U.S. and China unleashed animal spirits, or the Federal Reserve’s massive bond-buying is working its magic. But if the rally is purely driven by expectations for a rapid rebound in earnings growth and the global economy, this level of enthusiasm should elicit concerns.

‘Way ahead of its earnings’

The problem front and center is how investors are looking past the continuous earnings rout, betting on a snapback as soon as the first quarter of 2020.

S&P 500 earnings are expected to drop by 0.3% in the fourth quarter of 2019, marking the first back-to-back quarterly decline since 2016, according to Refinitiv. Analysts project much higher earnings growth in 2020, a 6% increase in the first quarter. “It just seems obvious to me that we’ve had a situation where earnings have gone nowhere and the markets have gone straight up,” said Matt Maley, chief market strategist at Miller Tabak. “I don’t want to call it a bubble yet but it’s moving in that direction. The market is way ahead of its earnings.”

Detached from economic reality

The stock market and the economy are also telling two different stories, at least for now. The U.S. manufacturing sector has been contracting since August as exports dropped amid the China trade war. However, the gloomy readings on the key industry didn’t prompt investors to take shelters. Instead, stocks kept rising to new records.

While megacap tech giants lift the market higher, more economically sensitive pockets of the market continue to fall behind. S&P 500 materials and consumer discretionary only eked out 6% and 4% gains, respectively, in the past three months, versus the broad market’s 11% climb. Meanwhile, a century-old classic tool known as Dow Theory has yet to confirm the rally is for real. The Dow Jones Transportation Average hasn’t hit new record highs with industrial stocks consistently underperforming over the past year. Many believe transportation stocks are a barometer of global economic activity and any rally without their support cannot be a long-lasting one.

Don’t fight the Fed?

Some strategists floated the theory that the rally is driven by the Federal Reserve’s commitment to providing liquidity in the short-term borrowing market for banks, known as the “repo” market. On Oct. 11, the central bank announced it would begin purchasing $60 billion of Treasury bills a month to keep control over short-term rates. The magnitude of the purchases resembles the quantitative easing program the Fed conducted during and after the financial crisis.

“The primary driving force behind the advance is increased liquidity/money flows — massive injections of funds into their systems by central banks,” David Rosenberg, chief economist and strategist of Rosenberg Research, said in a note. The increase in the Fed’s balance sheet has been in near lockstep with the stock market’s climb. The balance sheet has expanded 10% since October, while the S&P 500 shot up 12%, including notching its best fourth quarter since 2013. “Whether one wants to call it QE or not, we believe this excess liquidity has suppressed volatility to extremely low levels,” Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, said in a note. “A liquidity driven bull market typically overshoots fair value.”

‘A euphoric mood’


Company: cnbc, Activity: cnbc, Date: 2020-01-18  Authors: yun li
Keywords: news, cnbc, companies, stock, detached, rallying, things, reality, market, quarter, shortterm, strategist, 500, happen, stocks, earnings, rally, appear


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Buy these top stocks ahead of earnings, including Netflix and Guess, Wall Street analysts say

Mario Tama / Getty ImagesCNBC took a close look at the latest Wall Street research to find stocks to buy ahead of the release of their earnings reports. These companies include Netflix, Lyft, TE Connectivity, Guess, and Synaptics Inc.TE ConnectivityThis week, Wells Fargo raised its rating on TE Connectivity to overweight from equal weight. The company designs and manufactures connectivity and sensor products across a variety of sectors, including most notably the automobile industry. The analyst


Mario Tama / Getty ImagesCNBC took a close look at the latest Wall Street research to find stocks to buy ahead of the release of their earnings reports.
These companies include Netflix, Lyft, TE Connectivity, Guess, and Synaptics Inc.TE ConnectivityThis week, Wells Fargo raised its rating on TE Connectivity to overweight from equal weight.
The company designs and manufactures connectivity and sensor products across a variety of sectors, including most notably the automobile industry.
The analyst
Buy these top stocks ahead of earnings, including Netflix and Guess, Wall Street analysts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-18  Authors: michael bloom
Keywords: news, cnbc, companies, iphone, guess, analyst, buy, stock, netflix, believe, continue, guidance, lyft, analysts, say, stocks, wall, earnings, company, street, including


Buy these top stocks ahead of earnings, including Netflix and Guess, Wall Street analysts say

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images

CNBC took a close look at the latest Wall Street research to find stocks to buy ahead of the release of their earnings reports. These companies include Netflix, Lyft, TE Connectivity, Guess, and Synaptics Inc.

TE Connectivity

This week, Wells Fargo raised its rating on TE Connectivity to overweight from equal weight. The company designs and manufactures connectivity and sensor products across a variety of sectors, including most notably the automobile industry. The firm is banking on an improving global auto outlook to lead the company to better-than-expected earnings when it issues its first quarter report later this month. “Given our comfort with incrementally stable to positive trends, we think TEL’s 2H could outpace our prior/current consensus outlooks comfortably,” Wells Fargo analyst Deepa Raghavan said. The analyst said the stock isn’t without risk, but it noted that the improving global outlook should help investors. “Apart from autos, many other datapoints have stabilized vs last few months including industrial short cycle. Partial trade resolution and some easy comps have resulted in China PMI exceeding expectations,” she said. Shares of the company are up 1.8% on the week.

Guess

On the heels of a successful holiday season for many retailers, Guess is aiming to keep the momentum going according to Jefferies analyst Janine Stichter. The firm had a chance to visit with management at Guess and came away impressed that the company appears to be firing on all cylinders. Guess makes jeans, watches, and other clothing accessories. The analyst said she believes the company has big opportunities across logistics and the supply chain, and thinks e-commerce will be a “key driver” behind top-line growth. Jefferies also said it expected that the company’s double-digit margin target is “well-within reach.” “We continue to believe that GES has meaningful low-hanging fruit to drive margins across many areas of the business, and see much of this margin expansion unfolding over the next few years,” she said. Shares of the company are up over 2% on the week.

Synaptics

Many investors, customers, and analysts await the next generation of iPhones, and so do some companies. Synaptics Inc. is one of them. It makes human interface hardware and software, including touchpads for computer laptops, and touch, display driver, and fingerprint biometrics technology for smartphones. The company is expected to be a key supplier for the touch controller in some of the new iPhone models and according to KeyBanc, a key driver of earnings when the company reports in early February. “Healthy iPhone 11 demand in conjunction with the ramp of the iPhone SE should drive upside to both near-term results and guidance,” analyst John Vinh said. The upcoming 5G cycle is also crucial, according to the firm. “Within mobile, the initial rollout of 5G, healthy iPhone demand, and the ramp of the iPhone SE2 should drive near-term upside and better than normal seasonal guidance,” they said. The stock is up over 5% on the week. Here’s what else analysts are saying about stocks to watch into earnings season:

Goldman Sachs – Netflix, Buy rating

“We expect Netflix to report 4Q results well above and provide initial guidance for 1Q roughly in-line with FactSet Consensus with its 1/21 results. The content additions to the platform, in particular what we believe was Netflix’s highest quality Original release slate to date, drove this outperformance, despite the lingering impact of last year’s price increases and high profile competitive launches, and should continue to do so as these cash content investments pay off. While the stock has outperformed the broader market since 3Q results as investor expectations have largely converged toward company guidance, we continue to believe Netflix will exceed that guidance and consensus expectations for the year ahead, driving more share price outperformance.”

RBC – Lyft, Outperform rating

“We continue to believe that LYFT is a strong #2 player in the large and growing U.S. Ridesharing industry, with industry-leading growth rates. We continue to believe that Lyft is beginning to prove out its path to profitability from competitive dynamics improving, long-term pricing power, insurance leverage, and expense leverage from scale advantages. … We’re most incrementally near-term constructive on LYFT – which we believe has a reasonable shot at upwards estimates revisions on the print given highly reasonable Street estimates for Revenue and EBITDA in Q4 and FY20.”

Wells Fargo – TE Connectivity, Overweight rating

“We are upgrading TEL to Overweight from Equal Weight on better auto outlooks (better recent datapoints plus upcoming risks well understood) and potential for outperformance vs. current c’sus expectations. … We believe the company should return to beat and raise/upward earnings momentum driven by broad based stabilization encompassing autos, industrial, semi & China PMIs. Moreover, we believe risks to Europe and N.Am auto outlooks are by now largely well recognized, even if only partially reflected in stock. … Given our comfort with incrementally stable to positive trends, we think TEL’s 2H could outpace our prior/current c’sus outlooks comfortably.

Jefferies – Guess, Buy rating

We continue to believe that GES has meaningful low-hanging fruit to drive margins across many areas of the business, and see much of this margin expansion unfolding over the next few years. Even against a volatile macro backdrop, F’21 estimates may prove conservative as these initiatives are realized. … DD% margin target is well-within reach. … E-comm optimization is a key driver behind top-line growth.”

KeyBanc – Synaptics Incorporated, Overweight rating


Company: cnbc, Activity: cnbc, Date: 2020-01-18  Authors: michael bloom
Keywords: news, cnbc, companies, iphone, guess, analyst, buy, stock, netflix, believe, continue, guidance, lyft, analysts, say, stocks, wall, earnings, company, street, including


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In the stock market, it’s become Apple, Microsoft and Alphabet vs everyone else

The stock market travels on the currents of supply and demand. But it’s an oversimplification to focus on the absolute number of stocks or the background hum of stock buybacks as key drivers of the market’s historic run. And the total number of issues has been about steady since 2012, and since then the Wilshire 5000 has more than doubled. Share buybacks are now a constant of corporate finance, and at the current pace amount to perhaps 2% to 3% of total stock market value per year. So as a swing


The stock market travels on the currents of supply and demand.
But it’s an oversimplification to focus on the absolute number of stocks or the background hum of stock buybacks as key drivers of the market’s historic run.
And the total number of issues has been about steady since 2012, and since then the Wilshire 5000 has more than doubled.
Share buybacks are now a constant of corporate finance, and at the current pace amount to perhaps 2% to 3% of total stock market value per year.
So as a swing
In the stock market, it’s become Apple, Microsoft and Alphabet vs everyone else Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-18  Authors: michael santoli
Keywords: news, cnbc, companies, stock, microsoft, number, demand, buybacks, market, total, markets, apple, stocks, scarcity, alphabet, public


In the stock market, it's become Apple, Microsoft and Alphabet vs everyone else

The stock market travels on the currents of supply and demand. That’s uncontroversial.

Yet as the indexes have sped to new highs, plenty of observers have argued that a relative shortage of stocks combined with somewhat mechanical sources of demand explain everything from Dow 29,000 to the trio of trillion-dollar market-cap giants that tower above the rest of the market.

The idea of an equity shortage usually hinges on the decline in the total number of U.S. public companies in recent decades, the relative dearth of initial public offerings and the consistent flow of share buybacks meant to reduce companies’ equity base.

These are all features of this bull market, for sure. But it’s an oversimplification to focus on the absolute number of stocks or the background hum of stock buybacks as key drivers of the market’s historic run. There are plenty of stocks to go around and buybacks aren’t wagging the indexes – it’s just that everyone wants the same kind of stocks.

What’s truly scarce are big, reliable cash flows that investors believe will endure economic wobbles and constant technological disruption. And this perceived scarcity of safe sources of profit and income is animating voracious demand for corporate debt and propelling the elite class of dominant secular-growth stocks to ever-richer valuations.

That’s not to deny there are literally fewer stocks on the market’s shelves than there used to be. The comprehensive Dow Jones Wilshire 5000 index now has about 3,500 domestic stocks, down from more than 7,000 in the late 1990s. But most of the stocks that went away were tiny, marginal companies. And the total number of issues has been about steady since 2012, and since then the Wilshire 5000 has more than doubled.

If the reduced number of stocks were an issue, then why would one-sixth of the names in the S&P 500 be languishing at 12-times forecast earnings or less?

And if public investors didn’t have enough names to choose from, why did the market fail to embrace the likes of Uber, Lyft and Pinterest last year?

Share buybacks are now a constant of corporate finance, and at the current pace amount to perhaps 2% to 3% of total stock market value per year. But a good portion of that purchasing is simply soaking up the stealth equity issuance through employee stock compensation. So as a swing factor in a $30 trillion stock market, its potency has diminished from a couple years ago.

The true issue is a scarcity of stability and growth — or a perceived scarcity of them, at least.

We live now in a world where triple-B-rated corporate bonds, the lowest-grade and largest segment of the investment-grade universe, yield 3%. Junk bonds — an asset class with a long-term annualized default rate of 3.5% — now yield 5%.

Clearly, the Federal Reserve’s three rate cuts and promise to stay on hold for a while is part of this backdrop, as are the stirrings of a global economic pickup following an inflation scare. But the massive demand for cash flows by an aging global investor base and return-starved institutions are the proximate actors on these markets.


Company: cnbc, Activity: cnbc, Date: 2020-01-18  Authors: michael santoli
Keywords: news, cnbc, companies, stock, microsoft, number, demand, buybacks, market, total, markets, apple, stocks, scarcity, alphabet, public


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Wall Street sees Amazon rejoining the trillion-dollar club later this year

The e-commerce giant currently has a market cap of $931 billion, but analysts on Wall Street are betting Amazon will be back in the club soon. Apple has a market value of $1.38 trillion, Microsoft has a market value of $1.27 trillion and the group’s newest member, Alphabet, has a market value around $1.0 trillion. There’s an exclusive club on Wall Street and it might let Amazon back in this year. This means analysts on Wall Street expect Amazon’s market value to reach about $1.08 trillion by yea


The e-commerce giant currently has a market cap of $931 billion, but analysts on Wall Street are betting Amazon will be back in the club soon.
Apple has a market value of $1.38 trillion, Microsoft has a market value of $1.27 trillion and the group’s newest member, Alphabet, has a market value around $1.0 trillion.
There’s an exclusive club on Wall Street and it might let Amazon back in this year.
This means analysts on Wall Street expect Amazon’s market value to reach about $1.08 trillion by yea
Wall Street sees Amazon rejoining the trillion-dollar club later this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, trilliondollar, rejoining, share, trillion, wall, later, sees, market, amazon, stock, value, price, street, club


Wall Street sees Amazon rejoining the trillion-dollar club later this year

Trailing closely behind is Jeff Bezos-led Amazon. The e-commerce giant currently has a market cap of $931 billion, but analysts on Wall Street are betting Amazon will be back in the club soon.

The so-called trillion-dollar club, which includes tech giants Apple , Microsoft and now Google-parent Alphabet , is the group of companies with a market value of $1 trillion or more. Apple has a market value of $1.38 trillion, Microsoft has a market value of $1.27 trillion and the group’s newest member, Alphabet, has a market value around $1.0 trillion.

There’s an exclusive club on Wall Street and it might let Amazon back in this year.

The average 12-month price target for Amazon is $2,188 per share, a 16.5% upside to its current share price, according to FactSet. This means analysts on Wall Street expect Amazon’s market value to reach about $1.08 trillion by year-end. (This projection does not account for share buybacks. Amazon’s market cap could come in a bit smaller if Amazon buys back its own stock, reducing share count.)

In September 2018, Amazon joined the trillion-dollar club for the first time, but has since lost some of its value because of heavy investments in last mile and 1-day delivery, grocery delivery and content for its streaming platform Amazon Prime Video.

“Amazon’s high-margin businesses continue to allow Amazon to drive greater profitability while still continuing to invest,” Morgan Stanley equity analyst Brian Nowak said in a note to clients on Thursday. Morgan Stanley raised its price target for Amazon to $2,200 per share from $2,100.

UBS hiked its price target for Amazon to $2,305 from $2,100 on Friday, more than 20% upside to Thursday’s closing price of $1,877 per share. UBS is bullish on Amazon’s investment in 1-Day Prime shipping, which will likely result in increased purchase frequency, the firm said.

But UBS said Amazon is the most hotly debated stock among investors after last quarter earnings showed a miss on Amazon’s cloud business’ sales, which could be a drag on future earnings as it has provided the bulk of Amazon’s operating income for the past four years.

Plus, Amazon has come under fire from politicians for its disruption of the retail industry. Despite the “break-up of big tech” threats for Washington, Wall Street remains bullish on the stock that has grown almost 3000% in the past two decades.

Amazon is almost universally loved on Wall Street. Of the 50 analysts that cover the stock, 47 recommend buying the stock, according to FactSet. Three analysts have a hold rating.

If Amazon tops $1 trillion, it is unlikely any tech giants will sneak into the club anytime soon. The next closest candidate is social media company Facebook, with a market value of $632.6 billion. Analysts, on average, see Facebook’s market value increasing in the next 12 months is to $697.1 billion, according to FactSet.

—with reporting CNBC’s Nate Rattner and Michael Bloom.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, trilliondollar, rejoining, share, trillion, wall, later, sees, market, amazon, stock, value, price, street, club


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UBS raises Alphabet price target after the Google-parent tops $1 trillion: ‘Still a cheap stock?’

Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. UBS raised its price target for Google-parent company Alphabet, a day after the technology giant surpassed $1 trillion in market capitalization. That would see Alphabet gain ground toward becoming the most valuable U.S. company, as it would near the market cap’s of Apple ($1.38 trillion) and Microsoft ($1.27 trillion). UBS analyst Eric


Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019.
UBS raised its price target for Google-parent company Alphabet, a day after the technology giant surpassed $1 trillion in market capitalization.
That would see Alphabet gain ground toward becoming the most valuable U.S. company, as it would near the market cap’s of Apple ($1.38 trillion) and Microsoft ($1.27 trillion).
UBS analyst Eric
UBS raises Alphabet price target after the Google-parent tops $1 trillion: ‘Still a cheap stock?’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: michael sheetz
Keywords: news, cnbc, companies, ubs, raises, cloud, tops, trillion, googleparent, target, market, alphabets, valuable, stock, cheap, apple, company, price, microsoft, alphabet, google


UBS raises Alphabet price target after the Google-parent tops $1 trillion: 'Still a cheap stock?'

Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019.

UBS raised its price target for Google-parent company Alphabet, a day after the technology giant surpassed $1 trillion in market capitalization.

The firm sees Alphabet’s stock climbing more than 15% this year. That would see Alphabet gain ground toward becoming the most valuable U.S. company, as it would near the market cap’s of Apple ($1.38 trillion) and Microsoft ($1.27 trillion). While Apple was the first to surpass the $1 trillion mark in 2018, Microsoft and Amazon soon followed – although Jeff Bezos’ company has since slid to $931 billion.

UBS analyst Eric Sheridan focused on the expected growth of Alphabet’s cloud computing business in his note to investors on Friday, leading him to ask the question: “Is GOOG still a cheap stock?”

Alphabet shares rose 0.5% in trading from its previous close of $1450.16 a share.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: michael sheetz
Keywords: news, cnbc, companies, ubs, raises, cloud, tops, trillion, googleparent, target, market, alphabets, valuable, stock, cheap, apple, company, price, microsoft, alphabet, google


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Stocks making the biggest moves midday: Alphabet, Boeing, Dave & Buster’s, Snap & more

Dave & Buster’s Entertainment — Shares of Dave & Buster’s Entertainment skyrocketed more than 10% after KKR disclosed a 10.7% position in the restaurant chain. Snap — Shares of Snap rose more than 4% after UBS upgraded the social media company to buy from neutral. The firm raised its 2020 full-year EPS and revenue estimates based on market share gains and the beginning of the 5G upgrade cycle. State Street – State Street stock surged 4.6% on better-than-expected quarterly results. Comcast — Shar


Dave & Buster’s Entertainment — Shares of Dave & Buster’s Entertainment skyrocketed more than 10% after KKR disclosed a 10.7% position in the restaurant chain.
Snap — Shares of Snap rose more than 4% after UBS upgraded the social media company to buy from neutral.
The firm raised its 2020 full-year EPS and revenue estimates based on market share gains and the beginning of the 5G upgrade cycle.
State Street – State Street stock surged 4.6% on better-than-expected quarterly results.
Comcast — Shar
Stocks making the biggest moves midday: Alphabet, Boeing, Dave & Buster’s, Snap & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: michael sheetz
Keywords: news, cnbc, companies, earnings, comcast, stocks, making, dave, alphabet, stock, company, shares, estimates, revenue, share, snap, midday, boeing, billion, busters, moves, biggest, street


Stocks making the biggest moves midday: Alphabet, Boeing, Dave & Buster's, Snap & more

Check out the companies making headlines in midday trading on Friday:

Alphabet – The Google-parent’s stock rose nearly 1% after UBS increased its price target, saying shares will climb more than 15% this year. The firm’s optimistic outlook came a day after a day after Alphabet became the latest U.S. company to reach a market capitalization of over $1 trillion.

Boeing — Shares of the aerospace giant fell almost 1% after Bank of America said it expects Boeing to absorb a $20 billion total cost for its 737 Max crisis. The company will report full-year and fourth-quarter earnings on Jan. 29, when analysts expect Boeing will announce additional charges related to the troubled aircraft.

Dave & Buster’s Entertainment — Shares of Dave & Buster’s Entertainment skyrocketed more than 10% after KKR disclosed a 10.7% position in the restaurant chain. Raymond James believes there is a leveraged buyout scenario for Dave & Buster’s, saying a takeout valuation in the mid-$50s could be supported. The stock trades around $46 Friday.

Snap — Shares of Snap rose more than 4% after UBS upgraded the social media company to buy from neutral. The bank said it expects positive momentum for ad revenue and user growth in 2020.

Qualcomm — Shares of the semiconductor company gained more than 3% after Citi upgraded the stock to a buy rating. The firm raised its 2020 full-year EPS and revenue estimates based on market share gains and the beginning of the 5G upgrade cycle. Citi also raised its target on the stock to $108, which is 13% higher than where it currently trades.

State Street – State Street stock surged 4.6% on better-than-expected quarterly results. The financial company reported earnings of $1.98 per share on revenue of $3.05 billion, while analysts expected earnings of $1.69 per share on revenue of $2.92 billion, according to Refinitiv. Expenses fell 9% to $2.27 billion, reflecting the impact of lower re-positioning charges.

United Natural Foods — Shares of the wholesale grocer plunged more than 10% following a downgrade to underweight by Wells Fargo. The firm said United Natural Foods operates within a “structurally challenged industry” as competition increases and the customer base shrinks.

J.B. Hunt Transport — Shares slid more than 4% after the company missed EPS estimates for the fourth quarter. The company reported earnings per share of $1.35, while Wall Street had been looking for $1.50, according to estimates from FactSet. Revenue came in at $2.45 billion, which was in line with estimates.

Comcast — Shares of Comcast jumped more than 1% after the company released details about its new streaming service Peacock. The service will launch on April 15 for Comcast subscribers and on July 15 nationally. There will be a free, ad-supported option as well two pricing options. The stock’s rise brought Comcast to an all-time high on Friday.

Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: michael sheetz
Keywords: news, cnbc, companies, earnings, comcast, stocks, making, dave, alphabet, stock, company, shares, estimates, revenue, share, snap, midday, boeing, billion, busters, moves, biggest, street


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Wall Street expects gains for Alphabet and the rest of the $1 trillion gang to slow from here

There are now three U.S. stocks with a market capitalization above $1 trillion – but, judging by the average view on Wall Street, none of these stocks will climb much farther this year. Apple, Microsoft and Alphabet are all now in the $1 trillion club, thanks to the latter joining on Thursday. But the average Wall Street estimate shows an expectation for meager to no returns in the next 12 months, according to FactSet. The consensus view is that Apple will drop 8.2%, Microsoft will rise 3% and A


There are now three U.S. stocks with a market capitalization above $1 trillion – but, judging by the average view on Wall Street, none of these stocks will climb much farther this year.
Apple, Microsoft and Alphabet are all now in the $1 trillion club, thanks to the latter joining on Thursday.
But the average Wall Street estimate shows an expectation for meager to no returns in the next 12 months, according to FactSet.
The consensus view is that Apple will drop 8.2%, Microsoft will rise 3% and A
Wall Street expects gains for Alphabet and the rest of the $1 trillion gang to slow from here Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: michael sheetz
Keywords: news, cnbc, companies, slow, microsoft, gang, stocks, alphabet, market, wall, rest, stock, cloud, view, gains, trillion, expects, value, apple, street


Wall Street expects gains for Alphabet and the rest of the $1 trillion gang to slow from here

There are now three U.S. stocks with a market capitalization above $1 trillion – but, judging by the average view on Wall Street, none of these stocks will climb much farther this year.

Apple, Microsoft and Alphabet are all now in the $1 trillion club, thanks to the latter joining on Thursday. But the average Wall Street estimate shows an expectation for meager to no returns in the next 12 months, according to FactSet. The consensus view is that Apple will drop 8.2%, Microsoft will rise 3% and Alphabet will gain 4.5% in the next one year.

Analysts are normally very bullish on most of the stocks they cover. But Wall Street’s more tepid view comes after each of the stocks have had excellent – and in the case of Apple, spectacular – run-ups in the past year. In 12 months, Apple is up 102%, Microsoft is up 57% and Alphabet is up 33%. The strong gains of the tech giants also means they dominate the stock market: Combined with Amazon and Facebook, the five companies now make up 18% of the total market value of the S&P 500, according to Morgan Stanley. That’s unprecedented, as its the highest percentage in history, the firm said.

Apple shares have doubled in value in the past year, putting the stock “at its highest relative multiple in a decade,” Bernstein analyst Toni Sacconaghi said in a Jan. 10 note.

“We see risk-reward on Apple as balanced,” Sacconaghi said.

A few analysts are still bullish on Apple’s prospects this year, such as Morgan Stanley’s Katy Huberty. She thinks the stock is set to climb further, saying “Apple has proven less earnings dependency on iPhone with the success of Services and Wearables which now make up 27% of revenue and 37% of profits.”

Microsoft and Alphabet both have a few optimistic analysts still recommending investors buy shares. Two recent notes – one from Credit Suisse on Microsoft and the other from UBS on Alphabet – both recommended the stocks in part because of the potential of their cloud businesses. Credit Suisse said “Microsoft can reasonably achieve Commercial Cloud revenues of $100 Billion” by fiscal year 2024,” while UBS said cloud computing is “an area where GOOG mgmt will continue heavy levels of investment to maintain/build upon recent end market success.”

– CNBC’s Michael Bloom and Yun Li contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: michael sheetz
Keywords: news, cnbc, companies, slow, microsoft, gang, stocks, alphabet, market, wall, rest, stock, cloud, view, gains, trillion, expects, value, apple, street


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