These are Morgan Stanley’s top picks for earnings

Facebook’s CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Facebook’s stock is poised to rise after it announces earnings next week, according to Morgan Stanley. In a note to clients on Wednesday, the bank’s analysts picked seven stocks to have a positive near-term catalyst and 11 to have a negative near-term catalyst. The social media giant is one of the stocks Morgan Stanley is most bullish about heading into earnings, with the


Facebook’s CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California.
Facebook’s stock is poised to rise after it announces earnings next week, according to Morgan Stanley.
In a note to clients on Wednesday, the bank’s analysts picked seven stocks to have a positive near-term catalyst and 11 to have a negative near-term catalyst.
The social media giant is one of the stocks Morgan Stanley is most bullish about heading into earnings, with the
These are Morgan Stanley’s top picks for earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: jesse pound
Keywords: news, cnbc, companies, stock, week, picks, catalyst, stanleyin, nearterm, stanleys, stocks, earnings, morgan, zuckerberg, strong


These are Morgan Stanley's top picks for earnings

Facebook’s CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California.

Facebook’s stock is poised to rise after it announces earnings next week, according to Morgan Stanley.

In a note to clients on Wednesday, the bank’s analysts picked seven stocks to have a positive near-term catalyst and 11 to have a negative near-term catalyst. The social media giant is one of the stocks Morgan Stanley is most bullish about heading into earnings, with the bank projecting a beat on revenue and a key earnings measure.

An earnings-fueled bump would continue a recent strong run by the stock, which rose by more than 50% last year.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: jesse pound
Keywords: news, cnbc, companies, stock, week, picks, catalyst, stanleyin, nearterm, stanleys, stocks, earnings, morgan, zuckerberg, strong


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Live stock market updates: S&P 500 record, mystery housing move, coronavirus, chips jump

—Domm10:21 am: US home sales numbers help sentimentU.S. home sales easily beat expectations, jumping to a nearly 2-year high. However, Piper Sandler said in a note to clients that higher than expected expenses would put pressure on the stock and shares are down roughly 3.3%. S&P 500 and Nasdaq hit recordsThe S&P 500 added about 0.3% and touched a new intraday record. -Melloy9:03 am: Tesla set to top $100 billion at the openShares of Tesla rose about 5% in premarket trading. If the gains hold, th


—Domm10:21 am: US home sales numbers help sentimentU.S. home sales easily beat expectations, jumping to a nearly 2-year high.
However, Piper Sandler said in a note to clients that higher than expected expenses would put pressure on the stock and shares are down roughly 3.3%.
S&P 500 and Nasdaq hit recordsThe S&P 500 added about 0.3% and touched a new intraday record.
-Melloy9:03 am: Tesla set to top $100 billion at the openShares of Tesla rose about 5% in premarket trading.
If the gains hold, th
Live stock market updates: S&P 500 record, mystery housing move, coronavirus, chips jump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: cnbccom staff
Keywords: news, cnbc, companies, stock, live, housing, coronavirus, level, record, netflix, tesla, mystery, market, jump, stocks, trading, bank, shares, higher, earnings, updates


Live stock market updates: S&P 500 record, mystery housing move, coronavirus, chips jump

This is a live blog. Check back for updates.

10:28 am: Homebuilders started to pop even before existing homes data hit

Homebuilder stocks and the SPDR S&P Homebuilders ETF all moved to highs after the 10 a.m. ET report of better than expected existing home sales. But the XHB, Lennar, DR Horton, Pulte, KB Home all kicked into gear and started moving higher in the minutes ahead of the 10 a.m. release. Some gains were given back after peaking, after the report. “They’ve been having pretty good news. I think it’s just carry through,” said Art Cashin, director of floor operations at UBS. Home sales in December totaled 5.54 million, vs. 5.43 million expected. It’s the highest level since February 2018. The clincher is the supply of homes for resale at 3 months, a record low, and that in itself is enough to put a lift in the homebuilders .

Recent housing data has been very strong. —Domm

10:21 am: US home sales numbers help sentiment

U.S. home sales easily beat expectations, jumping to a nearly 2-year high. U.S. home sales increased 3.6% in December to a seasonally adjusted 5.54 million. Economists polled by Reuters expected a gain of 1.3% to 5.43 million units sold. The report from the National Association of Realtors is the latest sign the U.S. housing market is getting a boost from the three rate cuts implemented by the Federal Reserve last year. Data released last week showed housing stars surged last month to a 13-year high. Homebuilders Toll Brothers and Lennar were higher. —Imbert

10:16 am: Regional banks among the few big losers Wednesday

Regional banks are the losers in early trading, with Zions Bancorporation and Northern Trust suffering two of the largest declines. Zions was down 5.3% after reporting earnings for the fourth-quarter Tuesday night. The Utah-based bank holding company reported a decline in its loan balance, and Raymond James lowered its price target on the stock to $59 per share from $61 per share while lowering its earnings estimate. Zions was also downgraded to neutral from buy at Bank of America, according to FactSet. Northern Trust reported its fourth-quarter results Wednesday morning, and its $1.56 billion in revenue was above the $1.55 billion expected, according to Refinitiv. However, Piper Sandler said in a note to clients that higher than expected expenses would put pressure on the stock and shares are down roughly 3.3%. – Pound

10:11 am: Chip stock ETF hits all-time high

The VanEck Vectors Semiconductor ETF (SMH) hit a record led by Teradyne, Lam Research, Skyworks, and Micron

Tearadyne trading at multi-year highs back to July 2000

Skyworks is trading at all-time high levels back to the creation of the company after the merger of Alpha Industries and Conexant in June, 2002

Micron is trading at its highest level since June 2018 -Francolla

9:56 am: Pandemic fears drive 10-year Treasury yield to important test

The 10-year Treasury yield has been resting at 1.76%, after dropping to that level as the world worried about the new Chinese coronavirus Tuesday. Risk markets are rallying, and yields are higher Wednesday, but the 10-year still hovers near Tuesday’s lows, a key level on the charts. “That 1.76 level has provided support at a few different moments in January. It also corresponds to the bottom of an opening gap, back to some of the volatility around the Iranian tensions,” said Jon Hill of BMO. “But the intraday low of Jan. 8 was 1.70. That to me is the defacto range bound.” He said it’s now testing resistance for further rallies in duration. Yields move lower when bond prices rise. Treasurys were expected to trade quietly this week due to the light data calendar, lack of new supply, and dearth of Fed speak ahead of next week’s FOMC meeting. — Domm

9:51 am: Coronavirus death toll rises

CNBC’s Eunice Yoon reported Chinese state TV confirmed the coronavirus has killed 17 people with confirmed cases climbing to 444 in total. The virus stemmed from Wuhan, China, less than a week before Lunar New Year, when millions of Chinese travel at home and abroad. Related stocks were still higher, however. Wynn Resorts was up 0.4% and United Airlines added 0.6%. —Li

9:45 am: Bank of America’s retail clients bought stocks for the first time in eight weeks

Bank of America said its retail clients were net buyers of stocks last week after an eight-week selling streak. The S&P 500 gained 2% in the week ending Jan. 17, hitting new records. The buying was largely driven by inflows into exchange-traded funds, the bank noted. Meanwhile, buybacks by Bank of America’s corporate clients picked up as earnings season kicked off and the amount has been consistent with the historical trends, the bank said. Its hedge funds and institutional clients, however, continued to sell for four and three weeks, respectively. — Li

9:30 am: Stocks rise at the open. S&P 500 and Nasdaq hit records

The S&P 500 added about 0.3% and touched a new intraday record. The Nasdaq Composite also hit a record. Shares of Tesla jumped 4%. IBM added more than 3% and was the biggest gainer in the S&P 500. Netflix, meanwhile, was lower, falling almost 2%. -Melloy

9:03 am: Tesla set to top $100 billion at the open

Shares of Tesla rose about 5% in premarket trading. If the gains hold, the company’s market value would climb to more than $103 billion at the open of trading. That’s a closely watched level for the electric automaker’s stock, as CEO Elon Musk would land the first of a possibly massive payout if Tesla can stay above $100 billion in value on both a 30-day and six-month trailing average. -Sheetz

8:59 am: Vertical Research Partners is ‘throwing in the towel’ on Boeing and downgrading the stock to a hold

The fallout from Boeing’s 737 Max keeps getting worse. On Tuesday the company said it doesn’t expect regulators to sign off on the jet until June or July, which is later than some, including Vertical Research’s Robert Stallard, were predicting. On Wednesday Stallard downgraded the stock to a hold and lowered his target to $294, saying the “ramifications” of the grounded jet have “yet to reverberate.” He slashed his estimates for 2019-2022, and said the company will likely halt buybacks until 2022. With shares of Boeing down nearly 17% in the last six months, Stallard acknowledged that the call is belated. -Stevens

8:57 am: Barclays upbeat on coming earnings of top tech stocks

The firm’s internet analyst Ross Sandler said he expects “management teams to sound upbeat” when technology companies reporting fourth quarter results soon. Sandler noted continuing strength of Alphabet and Amazon, saying to buy any weakness in the stocks as “large caps likely see growth accelerate in 1Q20.” The Barclays analyst also called out its three best picks for investors looking to buy before tech earnings: Snap, Facebook and Uber. – Sheetz

8:54 am: Wedbush expects Tesla earnings “will not disappoint”

Wedbush analyst Dan Ives raised his price target on shares of Tesla to $550 from $370, saying “we believe Musk & Co. will not disappoint” when the electric automaker reports earnings on Jan. 29. Ives’ note was incrementally more optimistic about Tesla’s outlook in China, as he updated the potential for those operations to “at least $100” a share from “$75 to $100″ two weeks ago. Wedbush has a neutral rating on Tesla. -Sheetz

8:39 am: Coronavirus-related names are rebounding

Travel and hotel stocks rebounded on Wednesday, after falling Tuesday on fears that the coronavirus outbreak in China would dent international travel. Shares of casino and hotel companies Wynn Resorts and Las Vegas Sands gained nearly 1% each, after falling 6% and 5%, respectively on Tuesday. United Airlines jumped nearly 1%, American Airlines rose more than 1% and Delta Air and Southwest all gained slightly in premarket trading. -Fitzgerald

8:38 am: Investors using better-than-expected earnings to take profits in individual stocks

Wall Street may be using the earnings season to take profits off the table after the market’s stunning run to record highs this past one year. Data compiled by Bespoke Investment Group shows stocks have opened higher by an average of 0.62% after a company reports quarterly earnings. However, those stocks decline by an average of 0.56% into market close.”We’re seeing investors use earnings as a reason to lighten up a bit,” Bespoke said in a tweet.—Imbert

8:33 am: Netflix rebounds as Wall Street analysts shrug off subscriber miss

Netflix was the first of the so-called FANG stocks to report fourth-quarter results. The streaming giant beat on the top and bottom line, but gave disappointing guidance and posted a miss on domestic subscriber growth. Wall Street analysts largely looked past the weakness and believe Netflix is on the right track to profitability. Goldman Sachs said the company’s content investments, distribution partnerships and global positioning should drive subscriber growth “significantly above consensus expectations.” Bank of America expects Netflix to be “increasingly dominant overseas” in the next year. Credit Suisse said the set-up is “quite favorable for Netflix heading into 2020,” and the subscriber guidance looks “conservative.” Shares of Netflix rose more than 1% in premarket trading on Wednesday, after losing as much as 2% Tuesday after the bell following the earnings report.Click here to read more about what every major analyst had to say about Netflix’s latest earnings. -Li

8:30 am: Dow set to rise


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: cnbccom staff
Keywords: news, cnbc, companies, stock, live, housing, coronavirus, level, record, netflix, tesla, mystery, market, jump, stocks, trading, bank, shares, higher, earnings, updates


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Stocks making the biggest moves premarket: J&J, Moderna, Netflix, Boeing, IBM, Xerox & more

Check out the companies making headlines before the bell:Johnson & Johnson (JNJ) – Johnson & Johnson reported quarterly profit of $1.88 per share, 1 cent a share above estimates. Fifth Third (FITB) – The bank reported quarterly profit of 96 cents per share, well above the consensus estimate of 72 cents a share. Netflix (NFLX) – Netflix added 8.76 million paying global subscribers during the fourth quarter, more than the 7.6 million that analysts had expected. IBM (IBM) – IBM reported quarterly p


Check out the companies making headlines before the bell:Johnson & Johnson (JNJ) – Johnson & Johnson reported quarterly profit of $1.88 per share, 1 cent a share above estimates.
Fifth Third (FITB) – The bank reported quarterly profit of 96 cents per share, well above the consensus estimate of 72 cents a share.
Netflix (NFLX) – Netflix added 8.76 million paying global subscribers during the fourth quarter, more than the 7.6 million that analysts had expected.
IBM (IBM) – IBM reported quarterly p
Stocks making the biggest moves premarket: J&J, Moderna, Netflix, Boeing, IBM, Xerox & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: peter schacknow
Keywords: news, cnbc, companies, johnson, making, ibm, moves, netflix, xerox, cents, premarket, quarterly, stocks, estimates, share, revenue, moderna, profit, boeing, reported, million


Stocks making the biggest moves premarket: J&J, Moderna, Netflix, Boeing, IBM, Xerox & more

Check out the companies making headlines before the bell:

Johnson & Johnson (JNJ) – Johnson & Johnson reported quarterly profit of $1.88 per share, 1 cent a share above estimates. Revenue was slightly below forecasts. J&J’s bottom line was helped by strength in medical devices and improved profitability in its consumer business.

Moderna (MRNA) – The drugmaker said it is working with health officials on a potential vaccine to address the current coronavirus threat. The virus has caused nine deaths, and the Centers for Disease Control and Prevention has confirmed the first U.S. case.

Fifth Third (FITB) – The bank reported quarterly profit of 96 cents per share, well above the consensus estimate of 72 cents a share. Revenue also came in above estimates. Strong fee revenue was among factors boosting Fifth Third’s results.

Netflix (NFLX) – Netflix added 8.76 million paying global subscribers during the fourth quarter, more than the 7.6 million that analysts had expected. The video streaming service did note increased competition in the United States, however, and that it will become more intense globally after Walt Disney’s (DIS) Disney+ service launches across Europe in March.

Boeing (BA) – Boeing remains on watch after falling 3.3% Wednesday. The jet maker’s stock fell after it said that it now estimates a mid-2020 return for its grounded 737 Max jet.

IBM (IBM) – IBM reported quarterly profit of $4.71 per share, 2 cents a share above estimates. Revenue also came in better than Street forecasts and broke a five-quarter streak of year-over-year declines. IBM also gave better-than-expected full-year 2020 earnings guidance.

United Airlines (UAL) – UAL beat estimates by 2 cents a share, with quarterly profit of $2.67 per share. The airline’s revenue was very slightly above expectations. United’s performance came despite numerous flight cancellations resulting from the grounding of Boeing’s 737 Max jet.

Toyota (TM) – Toyota said it would recall 3.4 million vehicles globally due to an electronic defect that could prevent airbags from deploying in a crash.

Xerox (XRX) – Xerox plans to nominate up to 11 directors to the board of computer and printer maker HP Inc. (HPQ), according to The Wall Street Journal, as it tries to move its unsolicited $33 billion takeover bid for HP forward.

Tesla (TSLA) – Tesla crossed the $100 billion market cap threshold in off-hours trading. A number of stock option bonuses for CEO Elon Musk will trigger if the market cap stays at $100 billion or more for an average of one month and six months.

Intel (INTC) – Intel named Medtronic (MDT) CEO Omar Ishrak as its new independent chairman effective immediately, after Andy Bryant stepped down from that role at the chipmaker earlier this month.

Apple (AAPL) – A new low-cost Apple iPhone will go into mass production in February, according to people familiar with the plan who spoke to Bloomberg.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: peter schacknow
Keywords: news, cnbc, companies, johnson, making, ibm, moves, netflix, xerox, cents, premarket, quarterly, stocks, estimates, share, revenue, moderna, profit, boeing, reported, million


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New stocks are red hot to start 2020 with IPO ETF tripling the return of the market

Despite a roller-coaster ride in 2019, IPO investors made money, and they are starting off 2020 in the green as well. The Renaissance Capital IPO ETF, a basket of the most recent 60 or so larger IPOs, is at a historic high. The IPO ETF has outperformed the major indices this year due to a surge in 2019 under-performers such as Uber, Lyft and BeyondMeat. “The strong 2020 performance of recent IPOs bodes well for the 2020 crop,” said Kathleen Smith of Renaissance Capital. IPO watchers expect the 2


Despite a roller-coaster ride in 2019, IPO investors made money, and they are starting off 2020 in the green as well.
The Renaissance Capital IPO ETF, a basket of the most recent 60 or so larger IPOs, is at a historic high.
The IPO ETF has outperformed the major indices this year due to a surge in 2019 under-performers such as Uber, Lyft and BeyondMeat.
“The strong 2020 performance of recent IPOs bodes well for the 2020 crop,” said Kathleen Smith of Renaissance Capital.
IPO watchers expect the 2
New stocks are red hot to start 2020 with IPO ETF tripling the return of the market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: bob pisani
Keywords: news, cnbc, companies, ipo, tripling, hot, nearly, lyft, quarter, ipos, 2020, start, stocks, uber, public, etf, red, recent, money, return, market


New stocks are red hot to start 2020 with IPO ETF tripling the return of the market

Despite a roller-coaster ride in 2019, IPO investors made money, and they are starting off 2020 in the green as well.

The Renaissance Capital IPO ETF, a basket of the most recent 60 or so larger IPOs, is at a historic high. It has dramatically outperformed the S&P 500 year-to-date, up nearly 9% versus a gain of about 3% for the S&P.

The IPO market is now heating up again, with recent filings from Reynolds Consumer (Reynolds Wrap and Hefty trashbags) and OneMedical (health clinics). They may soon be joined by Casper (mattresses), which has filed to go public but not yet set out terms.

Sitting out there is Airbnb, and likely the largest IPO of the year: GE Healthcare, GE’s imaging business, which could go public at $60 billion. That’s twice the size of Airbnb.

The IPO ETF has outperformed the major indices this year due to a surge in 2019 under-performers such as Uber, Lyft and BeyondMeat.

IPO underperformers shine in 2020 (YTD) Uber, up 26% Lyft, up 12% Beyond Meat, up 71% SmileDirect, up 45%

Uber and Lyft together comprise nearly 15% of the value of the IPO ETF.

“The strong 2020 performance of recent IPOs bodes well for the 2020 crop,” said Kathleen Smith of Renaissance Capital.

“Prices were reset in the third quarter,” she said, noting that the IPO ETF rebalanced in the second half of December, buying its largest position — Uber — at nearly $29. It’s now at $37.

Smith noted that while the amount of money raised by IPOs in 2019 was a mild disappointment — $46 billion, which is about the same as 2018 — public investors made money in most IPOs. That’s because many issuers were forced to lower prices to attract buyers.

“It was a mediocre year for companies that thought they could go public at premium valuations, but it was a good year for investors who bought IPOs,” she said. She expects that to continue into 2020.

IPO watchers expect the 2020 market to be front-half loaded due to a big second-half event: the presidential elections.

“In an election year, IPO issuance is traditionally strong in the first two quarters, slow in the third quarter, then picks up in the end of the fourth quarter,” Santosh Rao, head of research at Manhattan Venture Research said.

“My best guess is the biggest names will try to come out well before the election,” he said.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: bob pisani
Keywords: news, cnbc, companies, ipo, tripling, hot, nearly, lyft, quarter, ipos, 2020, start, stocks, uber, public, etf, red, recent, money, return, market


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Asia stocks subdued amid heightened concerns over coronavirus

Stocks in Asia were little changed in Wednesday morning trade amid heightened concerns over the spread of the coronavirus that has killed 6 in China so far. The Nikkei 225 was largely flat in early trade, as shares of index heavyweight Fast Retailing fell 1.29%. The Topix index dipped slightly. Meanwhile, stocks in Australia rose in morning trade, with the S&P/ASX 200 adding 0.3%. Overall, the MSCI Asia ex-Japan index was largely flat.


Stocks in Asia were little changed in Wednesday morning trade amid heightened concerns over the spread of the coronavirus that has killed 6 in China so far.
The Nikkei 225 was largely flat in early trade, as shares of index heavyweight Fast Retailing fell 1.29%.
The Topix index dipped slightly.
Meanwhile, stocks in Australia rose in morning trade, with the S&P/ASX 200 adding 0.3%.
Overall, the MSCI Asia ex-Japan index was largely flat.
Asia stocks subdued amid heightened concerns over coronavirus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: eustance huang
Keywords: news, cnbc, companies, korea, flat, topix, coronavirus, asia, subdued, trade, morning, stocks, concerns, amid, heightened, index, quarter, largely


Asia stocks subdued amid heightened concerns over coronavirus

Stocks in Asia were little changed in Wednesday morning trade amid heightened concerns over the spread of the coronavirus that has killed 6 in China so far.

The Nikkei 225 was largely flat in early trade, as shares of index heavyweight Fast Retailing fell 1.29%. The Topix index dipped slightly.

The Kospi in South Korea hovered around the flatline. The Bank of Korea said Wednesday the country’s economy grew 1.2% on a seasonally adjusted basis in the fourth quarter as compared with three months earlier. That was the fastest expansion since the third quarter of 2017, beating an estimated 0.8% growth from a Reuters poll.

Meanwhile, stocks in Australia rose in morning trade, with the S&P/ASX 200 adding 0.3%.

Overall, the MSCI Asia ex-Japan index was largely flat.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: eustance huang
Keywords: news, cnbc, companies, korea, flat, topix, coronavirus, asia, subdued, trade, morning, stocks, concerns, amid, heightened, index, quarter, largely


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European markets advance as investors track coronavirus and earnings

European markets advanced on Wednesday after China unveiled measures to rein in the spread of a new strain of coronavirus that has killed nine people so far. Stocks worldwide began a tentative recovery Wednesday as the Chinese government’s plans to contain the virus seemed to ease equity investors’ concerns over a possible pandemic, though markets will remain attuned to news out of China. U.S. stocks fell on Tuesday after the Centers for Disease Control confirmed the first U.S. case of a mysteri


European markets advanced on Wednesday after China unveiled measures to rein in the spread of a new strain of coronavirus that has killed nine people so far.
Stocks worldwide began a tentative recovery Wednesday as the Chinese government’s plans to contain the virus seemed to ease equity investors’ concerns over a possible pandemic, though markets will remain attuned to news out of China.
U.S. stocks fell on Tuesday after the Centers for Disease Control confirmed the first U.S. case of a mysteri
European markets advance as investors track coronavirus and earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: elliot smith holly ellyatt, elliot smith, holly ellyatt
Keywords: news, cnbc, companies, earnings, worldwide, european, investors, wef, china, track, stocks, workerat, markets, virus, advance, coronavirus, world, confirmed, wellbeing


European markets advance as investors track coronavirus and earnings

European markets advanced on Wednesday after China unveiled measures to rein in the spread of a new strain of coronavirus that has killed nine people so far.

The pan-European Stoxx 600 edged up 0.3% in early trade, with autos jumping 1% to lead gains as almost all sectors and major bourses entered positive territory.

Stocks worldwide began a tentative recovery Wednesday as the Chinese government’s plans to contain the virus seemed to ease equity investors’ concerns over a possible pandemic, though markets will remain attuned to news out of China.

U.S. stocks fell on Tuesday after the Centers for Disease Control confirmed the first U.S. case of a mysterious virus that has infected hundreds in China. Health officials have also confirmed cases in Thailand, South Korea, Japan and Taiwan.

However, stocks on Wall Street are expected to bounce back on Wednesday morning.

In other news, market focus in the region will continue to be on the World Economic Forum (WEF) in Davos, Switzerland. In a keynote speech Tuesday, U.S. President Donald Trump urged other countries to “put their own citizens first.”

He said America’s “newfound prosperity” is undeniable and said the country had “achieved this stunning turnaround not by making minor changes to a handful of policies, but by adopting a whole new approach centered entirely on the well-being of the American worker.”

At WEF on Wednesday, CNBC is hosting a ‘Future of Financial Markets’ panel featuring U.S. Treasury Secretary Steven Mnuchin, IMF Managing Director Kristalina Georgieva, U.K. Chancellor Sajid Javid and UBS Chairman Axel Weber.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: elliot smith holly ellyatt, elliot smith, holly ellyatt
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Coronavirus may induce a chance to ‘buy unrelated stocks at a discount,’ Jim Cramer says

Coronavirus may induce a chance to ‘buy unrelated stocks at a discount,’ Jim Cramer saysCNBC’s Jim Cramer said “if the whole market sells off on the coronavirus tomorrow, that might be your chance to pick up some high-quality stocks into weakness.”


Coronavirus may induce a chance to ‘buy unrelated stocks at a discount,’ Jim Cramer saysCNBC’s Jim Cramer said “if the whole market sells off on the coronavirus tomorrow, that might be your chance to pick up some high-quality stocks into weakness.”
Coronavirus may induce a chance to ‘buy unrelated stocks at a discount,’ Jim Cramer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21
Keywords: news, cnbc, companies, discount, sells, sayscnbcs, chance, stocks, buy, weakness, jim, coronavirus, unrelated, cramer, tomorrow, induce


Coronavirus may induce a chance to 'buy unrelated stocks at a discount,' Jim Cramer says

Coronavirus may induce a chance to ‘buy unrelated stocks at a discount,’ Jim Cramer says

CNBC’s Jim Cramer said “if the whole market sells off on the coronavirus tomorrow, that might be your chance to pick up some high-quality stocks into weakness.”


Company: cnbc, Activity: cnbc, Date: 2020-01-21
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European stocks fall on China virus concerns as world leaders gather in Davos

European stock markets tumbled on Tuesday morning, at the start of the World Economic Forum (WEF) in Davos, Switzerland, as concerns over a new strain of pneumonia in China hit risk assets. Market focus on Tuesday will likely be on the opening of the annual WEF event in Davos, where politicians and business leaders will be gathered. High-profile attendees this year include U.S. President Donald Trump, German Chancellor Angela Merkel and climate activist Greta Thunberg. The event itself has been


European stock markets tumbled on Tuesday morning, at the start of the World Economic Forum (WEF) in Davos, Switzerland, as concerns over a new strain of pneumonia in China hit risk assets.
Market focus on Tuesday will likely be on the opening of the annual WEF event in Davos, where politicians and business leaders will be gathered.
High-profile attendees this year include U.S. President Donald Trump, German Chancellor Angela Merkel and climate activist Greta Thunberg.
The event itself has been
European stocks fall on China virus concerns as world leaders gather in Davos Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: elliot smith holly ellyatt, elliot smith, holly ellyatt
Keywords: news, cnbc, companies, spread, climate, thunberg, european, trade, china, leaders, fall, concerns, world, davos, virus, stocks, wef, trump, change, risk, pneumonia, gather, strain


European stocks fall on China virus concerns as world leaders gather in Davos

European stock markets tumbled on Tuesday morning, at the start of the World Economic Forum (WEF) in Davos, Switzerland, as concerns over a new strain of pneumonia in China hit risk assets.

The pan-European Stoxx 600 dropped 1% in early trade, with basic resources falling 1.8% to lead losses as all sectors and major bourses sank into negative territory on fears over the outbreak of a new strain of pneumonia in China.

Market focus on Tuesday will likely be on the opening of the annual WEF event in Davos, where politicians and business leaders will be gathered.

Climate change and sustainable business will be a key focus for delegates at this year’s WEF summit, but other political risks such as international trade and geopolitical instability are likely to be on the agenda as well.

High-profile attendees this year include U.S. President Donald Trump, German Chancellor Angela Merkel and climate activist Greta Thunberg.

Both Trump and Thunberg, whose positions on climate change are poles apart, are expected to take to the stage at WEF on Tuesday; Thunberg will speak on a panel at 7:30 a.m. London time and Trump will deliver a keynote speech at 10:30 a.m. London time.

The event itself has been criticized for putting climate change at the top of the agenda, with environmental activists arguing that delegates arriving on private planes represent some of the worst climate offences.

Meanwhile in Asia, equities turned negative earlier Tuesday amid heightened concerns over the spread of a virus in China, that is being compared to the SARS outbreak that killed 800 people in 2002/2003. The flight from risk assets spread throughout global markets.

Stocks in Hong Kong led losses regionally among major Asian markets on Tuesday after ratings agency Moody’s cut its rating for the city to Aa3 from Aa2 on Monday.


Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: elliot smith holly ellyatt, elliot smith, holly ellyatt
Keywords: news, cnbc, companies, spread, climate, thunberg, european, trade, china, leaders, fall, concerns, world, davos, virus, stocks, wef, trump, change, risk, pneumonia, gather, strain


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Industrials at record highs, and four stocks could be best chance to play catch-up

The XLI industrials ETF, which includes Boeing and Honeywell, notched record highs on Friday for the second day in a row. The ETF is also up more than 3% this month in one of the top performances in the S&P 500. Craig Johnson, chief market technician at Piper Sandler, likes the group as a whole but says one stock stands out. “Look at stocks inside of [the XLI], take a look at the chart of 3M. Textron, Lockheed and Northrop have all outperformed the market this month.


The XLI industrials ETF, which includes Boeing and Honeywell, notched record highs on Friday for the second day in a row.
The ETF is also up more than 3% this month in one of the top performances in the S&P 500.
Craig Johnson, chief market technician at Piper Sandler, likes the group as a whole but says one stock stands out.
“Look at stocks inside of [the XLI], take a look at the chart of 3M.
Textron, Lockheed and Northrop have all outperformed the market this month.
Industrials at record highs, and four stocks could be best chance to play catch-up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: keris lahiff
Keywords: news, cnbc, companies, xli, lockheed, look, textron, northrop, stock, chance, space, trading, highs, catchup, stocks, record, industrials, best, market, play


Industrials at record highs, and four stocks could be best chance to play catch-up

Industrials are having an industrial-sized rally.

The XLI industrials ETF, which includes Boeing and Honeywell, notched record highs on Friday for the second day in a row. The ETF is also up more than 3% this month in one of the top performances in the S&P 500.

Craig Johnson, chief market technician at Piper Sandler, likes the group as a whole but says one stock stands out.

“We’re overweight the industrial sector,” Johnson said on CNBC’s “Trading Nation” on Friday. “Look at stocks inside of [the XLI], take a look at the chart of 3M. If we look at this chart, you can see that the stock looks like it’s making a bottom.”

“From our perspective, we can see it move back to the highs we’ve seen in 2018 and 2019. It’s just about 22% upside from here so we would be a buyer of those shares here,” said Johnson.

Danielle Shay, director of options at Simpler Trading, says any weakness relative to the mark can probably be pegged to the U.S.-China trade war. However, she does see some opportunity in a few names.

“The space within the industrials that’s been very strong is aerospace defense. For that reason, I looked at Textron and even though it’s one of the laggards within the space, I prefer Lockheed. Northrop, I like that one in the long run due to the ongoing geopolitical tensions.”

She is recommending all three. Textron, Lockheed and Northrop have all outperformed the market this month.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: keris lahiff
Keywords: news, cnbc, companies, xli, lockheed, look, textron, northrop, stock, chance, space, trading, highs, catchup, stocks, record, industrials, best, market, play


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The 2020 election has supplanted the trade war as the biggest risk for stocks, survey shows

Professional investors spent most of 2019 worrying about the U.S.-China trade war. As a new year has dawned, so has the focus of most concern. The first Bank of America Global Research fund manager survey of 2020 shows the highest risk is now the looming presidential election, according to the 249 panelists surveyed. The survey, widely followed on Wall Street, found that 29% said they consider politics the biggest potentially disruptive issue in the year ahead. Since June 2018, the U.S-China tar


Professional investors spent most of 2019 worrying about the U.S.-China trade war.
As a new year has dawned, so has the focus of most concern.
The first Bank of America Global Research fund manager survey of 2020 shows the highest risk is now the looming presidential election, according to the 249 panelists surveyed.
The survey, widely followed on Wall Street, found that 29% said they consider politics the biggest potentially disruptive issue in the year ahead.
Since June 2018, the U.S-China tar
The 2020 election has supplanted the trade war as the biggest risk for stocks, survey shows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: jeff cox
Keywords: news, cnbc, companies, election, biggest, survey, 2020, risk, higher, investors, trade, global, wall, stocks, market, uschina, concern, shows, supplanted, war


The 2020 election has supplanted the trade war as the biggest risk for stocks, survey shows

Professional investors spent most of 2019 worrying about the U.S.-China trade war. As a new year has dawned, so has the focus of most concern. The first Bank of America Global Research fund manager survey of 2020 shows the highest risk is now the looming presidential election, according to the 249 panelists surveyed. The survey, widely followed on Wall Street, found that 29% said they consider politics the biggest potentially disruptive issue in the year ahead. Since June 2018, the U.S-China tariff battle has been most prominent for the market pros. However, with the two sides agreeing to the first phase of a trade agreement and negotiations on the next stage expected to begin soon, concern has abated on Wall Street.

“Investors are bullish but not euphoric,” Michael Hartnett, BofA’s chief investment strategist, said in a statement. The survey also showed that cash levels have held steady while allocations to global stocks inched higher and sentiment about the global economy has improved to where 36% now expect higher growth over the next year, the best level since February 2018. However, investors remain nervous about the election, which will pit a yet-to-be determined Democratic candidate against President Donald Trump, who has overseen a market that has surged 63% since his election, as measured by the Dow Jones Industrial Average.

Stock market has prospered


Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: jeff cox
Keywords: news, cnbc, companies, election, biggest, survey, 2020, risk, higher, investors, trade, global, wall, stocks, market, uschina, concern, shows, supplanted, war


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