Wall Street bets international stocks will top US equities in 2020 after a decade-long slump

Several investors and strategists are betting on international stocks outperforming the U.S. in the new year, something that has only happened twice since 2010. “A reacceleration in global growth, a weaker US dollar, and favorable valuations should all support non-US stocks next year.” Callum Thomas, head of research at Topdown Charts, notes there is a “50% valuation gap” between U.S. and international stocks. These moves could spur a resurgence in global economic growth, which would “disproport


Several investors and strategists are betting on international stocks outperforming the U.S. in the new year, something that has only happened twice since 2010.
“A reacceleration in global growth, a weaker US dollar, and favorable valuations should all support non-US stocks next year.”
Callum Thomas, head of research at Topdown Charts, notes there is a “50% valuation gap” between U.S. and international stocks.
These moves could spur a resurgence in global economic growth, which would “disproport
Wall Street bets international stocks will top US equities in 2020 after a decade-long slump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: fred imbert
Keywords: news, cnbc, companies, valuation, growth, bets, stocks, wall, global, international, equities, msci, index, street, economic, slump, europe, decadelong, 2020


Wall Street bets international stocks will top US equities in 2020 after a decade-long slump

A pedestrian walks past a stock indicator displaying numbers of the Tokyo Stock Exchange and the world’s major markets in Tokyo. Kazuhiro Nogi | AFP | Getty Images

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) U.S. equities have been the best place to invest during the past 10 years, but that dominance could shift in 2020. Several investors and strategists are betting on international stocks outperforming the U.S. in the new year, something that has only happened twice since 2010. U.S. stocks have blown their international counterparts out of the water in that time. The S&P 500 is up more than 180% and the MSCI ACWI ex U.S. exchange-traded fund (ACWX) has gained just 18% since 2010. Emerging markets have fared even worse this decade against the S&P 500. The iShares MSCI Emerging Market Index is up just 4% since 2010. However, market experts think international stocks are poised for a comeback in 2020 versus the U.S. due to attractive valuations and a potential trough in global economic growth as world central banks take up more stimulative measures. “Having underperformed for more than ten years, non-US stocks are set to gain the upper hand over their US peers,” Peter Berezin, chief global strategist at BCA Research, said in a note. “A reacceleration in global growth, a weaker US dollar, and favorable valuations should all support non-US stocks next year.”

Valuation favors international

The S&P 500’s price-to-earnings ratio, a widely used valuation metric on Wall Street, currently sits above 20. That’s the average’s richest valuation since August 2018. That high valuation follows the S&P 500 hitting all-time highs despite a year-over-year earnings decline. International stocks, however, are trading at a much lower valuation. Through Friday’s close, the ACWI fund’s price-to-earnings ratio rested around 14.7. Callum Thomas, head of research at Topdown Charts, notes there is a “50% valuation gap” between U.S. and international stocks. “Yes global ex-US has its problems, but are they 50% discount problems? At a certain point if the valuation gap is wide enough it kind of starts to speak for itself,” he said in a note. This wide valuation gap comes as global economic growth has slowed down while the U.S. economy keeps humming. Last week, the Commerce Department said U.S. GDP expanded by 2.1% in the third quarter. Economies around the world, meanwhile, have been stuck in the mud as manufacturing activity falls and trade conditions tighten. In Europe, manufacturing activity hit a seven-year low in October. It rebounded slightly in November but remained in contraction territory, data from IHS Markit showed. On the trade front, the U.S.-China conflict continues as both sides try to sign a so-called phase one deal. President Donald Trump also said Monday the U.S. will restore tariffs on metal imports from Brazil and Argentina. These factors, however, have led global central banks to ease monetary policy. The European Central Bank launched a new bond-buying program earlier this year. The People’s Bank of China lowered its short-term funding rate for the first time since 2015 last month, and the Bank of Japan has kept monetary policy easy throughout 2019.

Global economic rebound?

The trade tensions between China and the U.S. have eased slightly in recent months as both sides show they are willing to reach some sort of deal. These moves could spur a resurgence in global economic growth, which would “disproportionately benefit” international stocks relative to the U.S., BCA’s Berezin said. “The sector composition of international stocks is more skewed towards cyclicals than defensives compared to US stocks,” Berezin said. “As a result, non-US stocks generally outperform their US peers when global growth accelerates.” To be sure, global stocks may be pricing in these scenarios already. Mike Wilson, chief U.S. equity strategy at Morgan Stanley, said the MSCI All-Country World Index — which measures the performance of global stocks including the U.S. — has already produced returns that are “meaningfully higher” since hitting its December 2018 lows. “That is consistent with a bottoming in global economic growth, meaning that markets are sending a signal about the turn in growth and pricing it in many cases,” Wilson said.

What to buy overseas

Wilson recommends investors buy into Japanese and Korean stocks in 2020. He also has an underweight rating on U.S. stocks heading into next year. The iShares MSCI Japan ETF (EWJ) is up more than 18% this year, on pace for its biggest annual gain since 2017. The ETF rose 22.7% that year. Japan’s Nikkei 225 index is also up 16.4% for 2019. Korean stocks, however, have not fared nearly as well this year. The iShares MSCI South Korea ETF (EWY) is down more than 2% for 2019, and the main stock index, the Kospi, is barely up year to date. Europe is another international market eyed by experts heading into 2020. Stocks in the continent are on pace for their biggest annual gain since 2009, when they surged 28%. The Stoxx 600 index, which tracks a broad number of European stocks, is up 19.3% in 2019. Cameron Brandt, director of research at EPFR, said money flows into European assets are “certainly indicating that all the bad news in Europe has been priced in.” “Given that the ECB is back in full backstop mode, and that Europe has a lot of dry powder in terms of fiscal stimulus … it’s probably fair to say the greatest potential for upside next year may be in Europe,” Brandt said. Within Europe, one market that could see further upside in 2020 is Germany, said Nuveen’s Brian Nick. The German Dax has rallied more than 20% in 2019 and is headed for its biggest one-year gain since 2013. “If we get a stabilization in growth in 2020, the internationally oriented countries should do a bit better, especially if China looks a little more solid as it seems to,” the firm’s chief investment strategist said. “Those two economies are more closely tied together than the U.S. is to either of those.”

Buy international for the new decade?


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: fred imbert
Keywords: news, cnbc, companies, valuation, growth, bets, stocks, wall, global, international, equities, msci, index, street, economic, slump, europe, decadelong, 2020


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

7Qs: How Karen Firestone beats the market with 35 names — ‘Don’t fall in love with your stocks’

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Firestone runs a concentrated equity portfolio with only 35 stocks, which returned more than 30% this year, beating the S&P 500’s 25% gain. After a 22-year run at Fidelity, Firestone founded Aureus Asset Management, a wealth advisory firm that now manages over $1 billion of clients’ assets. Having spent most of her life picking stocks, Firestone shared with CNBC her


(This story is part of the Weekend Brief edition of the Evening Brief newsletter.
To sign up for CNBC’s Evening Brief, click here.)
Firestone runs a concentrated equity portfolio with only 35 stocks, which returned more than 30% this year, beating the S&P 500’s 25% gain.
After a 22-year run at Fidelity, Firestone founded Aureus Asset Management, a wealth advisory firm that now manages over $1 billion of clients’ assets.
Having spent most of her life picking stocks, Firestone shared with CNBC her
7Qs: How Karen Firestone beats the market with 35 names — ‘Don’t fall in love with your stocks’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: yun li
Keywords: news, cnbc, companies, market, evening, stocks, fall, 7qs, fund, worst, love, beats, picking, 500s, dont, brief, names, management, karen, firestone


7Qs: How Karen Firestone beats the market with 35 names — 'Don't fall in love with your stocks'

(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.)

Wall Street veteran Karen Firestone knows all too well that stock picking isn’t as easy as it used to be, but her decades of experience is serving her well.

Firestone runs a concentrated equity portfolio with only 35 stocks, which returned more than 30% this year, beating the S&P 500’s 25% gain.

She started out as an assistant fund manager to Peter Lynch in 1983 on Fidelity’s legendary Magellan Fund, which consistently more than doubled the S&P 500’s performance under his management. After a 22-year run at Fidelity, Firestone founded Aureus Asset Management, a wealth advisory firm that now manages over $1 billion of clients’ assets.

Having spent most of her life picking stocks, Firestone shared with CNBC her investing philosophy, her best and worst trades, as well as the biggest lesson learned in her career.

Here are 7Qs for Firestone:


Company: cnbc, Activity: cnbc, Date: 2019-12-07  Authors: yun li
Keywords: news, cnbc, companies, market, evening, stocks, fall, 7qs, fund, worst, love, beats, picking, 500s, dont, brief, names, management, karen, firestone


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Asia stocks set to inch higher ahead of US payrolls data

Meanwhile, shares in Australia edged higher in early trade, as the S&P/ASX 200 rose about 0.1%. Futures pointed to a higher open for Japanese stocks. Stocks in Asia were set to inch higher at the open on Friday ahead of the release of U.S. nonfarm payrolls data for November expected to be released later in the day stateside. Overnight stateside, stocks ended the session on Wall Street little changed. The Wall Street Journal reported Thursday that Washington and Beijing are still in disagreement


Meanwhile, shares in Australia edged higher in early trade, as the S&P/ASX 200 rose about 0.1%.
Futures pointed to a higher open for Japanese stocks.
Stocks in Asia were set to inch higher at the open on Friday ahead of the release of U.S. nonfarm payrolls data for November expected to be released later in the day stateside.
Overnight stateside, stocks ended the session on Wall Street little changed.
The Wall Street Journal reported Thursday that Washington and Beijing are still in disagreement
Asia stocks set to inch higher ahead of US payrolls data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: eustance huang
Keywords: news, cnbc, companies, inch, week, stocks, dollar, payrolls, higher, data, asia, street, earlier, levels, wall, ahead, set, trade


Asia stocks set to inch higher ahead of US payrolls data

Meanwhile, shares in Australia edged higher in early trade, as the S&P/ASX 200 rose about 0.1%.

Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 23,325 while its counterpart in Osaka was at 23,330. The Nikkei 225 last closed at 23,300.09.

Stocks in Asia were set to inch higher at the open on Friday ahead of the release of U.S. nonfarm payrolls data for November expected to be released later in the day stateside.

Overnight stateside, stocks ended the session on Wall Street little changed. The Dow Jones Industrial Average gained just 28.01 points to 27,677.79 while the S&P 500 added 0.16% to 3,117.43. The Nasdaq Composite gained less than 0.1% to 8,570.70.

Investors will await the release of the U.S. governments monthly nonfarm payrolls report expected at 9:30 p.m. HK/SIN on Friday. That would come following a disappointing private payrolls number released Wednesday, and also on the back of the Labor Department saying Thursday that U.S. weekly jobless claims dropped 203,000 last week — the lowest in seven months.

Markets have seen a rocky start to December amid conflicting headlines on the U.S.-China trade front ahead of a closely watched date of Dec. 15 when additional tariffs on Chinese exports to the U.S. go into effect.

The Wall Street Journal reported Thursday that Washington and Beijing are still in disagreement over the size of China’s agriculture purchases. Meanwhile, China has given little indication on how negotiations with the U.S. are progressing. Earlier in the week, markets were sent into a frenzy after U.S. President Donald Trump said he may delay a trade deal with China till after the 2020 U.S. presidential election

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 97.388 after slipping from levels above 98.0 earlier in the trading week.

The Japanese yen traded at 108.73 per dollar after strengthening from levels above 108.8 yesterday. The Australian dollar changed hands at $0.683 after rising from levels below $0.678 earlier in the week.

What’s on tap:


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: eustance huang
Keywords: news, cnbc, companies, inch, week, stocks, dollar, payrolls, higher, data, asia, street, earlier, levels, wall, ahead, set, trade


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

European stocks move higher ahead of US jobs report; Swiss Re up 2.8%

European stocks moved higher Friday morning as investors awaited employment data out of the U.S. and monitored trade developments between Beijing and Washington. Looking at individual stocks, Marks and Spencer was 3% higher and among the top gainers across the European index, after a trading update from fellow U.K. firm AB Foods. The insurer Swiss Re also traded higher after announcing that it is selling its British unit to Phoenix Group Holdings for £3.2 billion ($4.1 billion). The pan-European


European stocks moved higher Friday morning as investors awaited employment data out of the U.S. and monitored trade developments between Beijing and Washington.
Looking at individual stocks, Marks and Spencer was 3% higher and among the top gainers across the European index, after a trading update from fellow U.K. firm AB Foods.
The insurer Swiss Re also traded higher after announcing that it is selling its British unit to Phoenix Group Holdings for £3.2 billion ($4.1 billion).
The pan-European
European stocks move higher ahead of US jobs report; Swiss Re up 2.8% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: silvia amaro
Keywords: news, cnbc, companies, second, swiss, trade, traded, data, stocks, higher, jobs, sector, ahead, talks, european, output, report


European stocks move higher ahead of US jobs report; Swiss Re up 2.8%

European stocks moved higher Friday morning as investors awaited employment data out of the U.S. and monitored trade developments between Beijing and Washington.

Meanwhile, Glencore dropped 1.5% in early deals. The Wall Street Journal reported that the mining company is being investigated in a U.K. bribery probe.

Looking at individual stocks, Marks and Spencer was 3% higher and among the top gainers across the European index, after a trading update from fellow U.K. firm AB Foods. The insurer Swiss Re also traded higher after announcing that it is selling its British unit to Phoenix Group Holdings for £3.2 billion ($4.1 billion).

The pan-European Stoxx 600 traded 0.3% higher with almost every sector in the black. Banking and tech stocks were among the top performers in early deals.

Overall, stock markets are following news on the U.S.-China trade front. President Donald Trump said Thursday that trade talks with China were “moving right along,” according to Reuters. However, earlier this week, the U.S. president said that it might be better to wait until after the presidential election in November of next year to finish a trade deal with Beijing. Meanwhile, spokespersons for the Chinese government have avoided commenting on the prospects of a trade deal.

Oil prices rose Thursday after OPEC members agreed in principle to another cut to output during the first quarter of 2020. OPEC members are starting their second day of talks on Friday.

On the data front, Germany’s industrial output dropped unexpectedly in the month of October. Industrial output fell 1.7% against a market expectation of a 0.1% increase in activity. In France, data on Friday showed a drop of 4.73 billion euros in its trade deficit. There will also be payroll figures out in the U.S. at 1:30 p.m. London time.

In the U.K., the leaders of the Conservative and Labour parties are set to have their final TV debate Friday ahead of the December 12 election. In France, a general strike is carrying on to a second day as public sector workers protest against changes to the pension system.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: silvia amaro
Keywords: news, cnbc, companies, second, swiss, trade, traded, data, stocks, higher, jobs, sector, ahead, talks, european, output, report


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks surge on strong jobs report—what 5 pros see ahead for the US economy

A stronger-than-expected November U.S. jobs report sent stocks soaring Friday, with the Dow Jones Industrial Average rallying over 300 points intraday on word that the economy added 266,000 jobs last month, mainly in education and manufacturing. Economic and market professionals largely see the results as yet another catalyst for the U.S. stock market’s record bull run. Here’s what five of them — two economists, two strategists and one investment chief — see ahead for stocks. You saw the real we


A stronger-than-expected November U.S. jobs report sent stocks soaring Friday, with the Dow Jones Industrial Average rallying over 300 points intraday on word that the economy added 266,000 jobs last month, mainly in education and manufacturing.
Economic and market professionals largely see the results as yet another catalyst for the U.S. stock market’s record bull run.
Here’s what five of them — two economists, two strategists and one investment chief — see ahead for stocks.
You saw the real we
Stocks surge on strong jobs report—what 5 pros see ahead for the US economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: lizzy gurdus, thomas franck
Keywords: news, cnbc, companies, long, strong, economy, surge, recovery, stocks, weve, report, market, think, ahead, late, real, thats, jobs, investment, pros, reportwhat


Stocks surge on strong jobs report—what 5 pros see ahead for the US economy

Talk about getting the job done.

A stronger-than-expected November U.S. jobs report sent stocks soaring Friday, with the Dow Jones Industrial Average rallying over 300 points intraday on word that the economy added 266,000 jobs last month, mainly in education and manufacturing. Economists polled by Dow Jones expected closer to 187,000 nonfarm payroll additions.

Economic and market professionals largely see the results as yet another catalyst for the U.S. stock market’s record bull run.

Here’s what five of them — two economists, two strategists and one investment chief — see ahead for stocks.

Andy Green, managing director of economic policy at the Center for American Progress, was a bit less enthusiastic about the report than others on Wall Street:

“What we’re seeing is a result of a tremendous crash and a very long recovery. You saw the real wealth of the average middle-class American family collapse by 49% between 2001 and 2010. It was a deep financial crash and recession. It’s taken a long time to come back, and that’s great. But the real point is this recovery is an Obama-Yellen recovery. It is in spite of everything that [President Donald] Trump is doing, not because of it. If it were because of it, we would see higher gross private investment. … I think there’s a lot of caution signs out there, and so I obviously am not quite as rosy as … others.”

Douglas Holtz-Eakin, president of the American Action Forum, figured the U.S. could do “even better” in terms of growth:

“If you take a look at our best indicator of wage gains, which is the employment cost index, which has both benefits and cash compensation, that’s rising, in real terms, at about 1.1%. That’s about the rate of productivity growth, that’s exactly what you would expect, and it’s 50% higher than it was in 2016. And, hopefully, it will get stronger. Everyone, I think, would agree: We can do even better. This is a good report; we could do better.”

J.P. Morgan Asset Management’s Oksana Aronov, who leads the firm’s market strategy and alternative fixed income divisions, said this report didn’t give the Federal Reserve cause to alter its monetary policy just yet:

“We certainly have a long way to go until inflation sort of enters the narrative in any meaningful way, but I think that we’ve, as a marketplace, certainly in the fixed-income space, we’ve completely discounted it as a risk. … A stronger-than-expected print is not going to bring the Fed in, but it can change the expectations in a market where yields are so depressed.”

Jason Trennert, the co-founder, chairman and CEO of Strategas Research Partners, found the economic strength somewhat ironic:

“It’s just hard to get inflation, in my opinion. All of the inflation is in financial assets, it’s not in goods and services. … Listen, I think the irony here is that despite the duration of the expansion, which is the longest expansion in postwar history, we’re not particularly late in the business cycle. Everyone has been saying that we’re late in the cycle. This suggests that … we’re not as late in the cycle as we think.”

Lori Henel, State Street Global Advisors’ deputy global chief investment officer, predicted the market’s “upward momentum” would persist:

“It was pretty strong across the board, not just the print, but also some of the revisions from past months. Look, we’ve been pretty encouraged about the global economy all this year. We’ve seen improvement. Even in the dark of the summer when a lot of other people were thinking that we were going to go into recession, we sort of felt that the consumer and the services sector would help us kind of power through. And this is just validation that we are in a bit of an upward momentum here.”

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: lizzy gurdus, thomas franck
Keywords: news, cnbc, companies, long, strong, economy, surge, recovery, stocks, weve, report, market, think, ahead, late, real, thats, jobs, investment, pros, reportwhat


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks making the biggest moves midday: Uber, Tesla, Ulta, Zoom Video & more

Tesla — Shares of the automaker gained more than 2% after Morgan Stanley raised its “bull case” target on the stock to $500. Ulta earnied $2.25 per share, compared to the $2.13 per share expected by Wall Street analysts, according to Refinitiv. Zoom Video Communications — Shares of the video-conferencing company plummeted more than 10% on the back of quarterly results that revealed slowing growth. Big Lots lost 18 cents per share, compared to the 20 cents per share expected on Wall Street, accor


Tesla — Shares of the automaker gained more than 2% after Morgan Stanley raised its “bull case” target on the stock to $500.
Ulta earnied $2.25 per share, compared to the $2.13 per share expected by Wall Street analysts, according to Refinitiv.
Zoom Video Communications — Shares of the video-conferencing company plummeted more than 10% on the back of quarterly results that revealed slowing growth.
Big Lots lost 18 cents per share, compared to the 20 cents per share expected on Wall Street, accor
Stocks making the biggest moves midday: Uber, Tesla, Ulta, Zoom Video & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: thomas franck
Keywords: news, cnbc, companies, biggest, reported, zoom, moves, quarterly, company, stock, ulta, stocks, shares, cents, street, midday, share, tesla, making, morgan, uber, revenue, video


Stocks making the biggest moves midday: Uber, Tesla, Ulta, Zoom Video & more

An Uber banner on the New York Stock Exchange on the day of Uber’s IPO, May 10, 2019.

Check out the companies making headlines in midday trading:

Uber Technologies — Shares of Uber slid 2% after the ride-hailing company said more than 3,000 sexual assaults occurred during rides last year in the United States alone. This finding was revealed as part of the company’s first-ever U.S. Safety Report, which was released on Thursday.

Tesla — Shares of the automaker gained more than 2% after Morgan Stanley raised its “bull case” target on the stock to $500. The firm said that this best case scenario could result if the recently unveiled Cybertruck is successful, and if the new factory in China tops expectations. Morgan Stanley’s “base case” price target for the stock remains $250.

Ulta Beauty — Shares of the cosmetics company surged more than 13% after beating quarterly profit estimates, driven by sales of higher-margin cosmetics products. Ulta earnied $2.25 per share, compared to the $2.13 per share expected by Wall Street analysts, according to Refinitiv.

Zoom Video Communications — Shares of the video-conferencing company plummeted more than 10% on the back of quarterly results that revealed slowing growth. Zoom’s revenue of $166.6 million represents annualized growth of 85%. That’s less growth than in the previous quarter, when sales grew by 96%.

DocuSign — DocuSign shares climbed more than 7% after the digital signature software company posted quarterly results that beat analyst expectations. The company posted an adjusted profit of 11 cents a share on revenue of $249.5 million. Analysts polled by Refinitiv expected earnings per share of 3 cents on revenue of $239.9 million.

Big Lots — Shares of Big Lots soared more than 25% after the retailer reported a smaller-than-expected loss for its third-quarter earnings. Big Lots lost 18 cents per share, compared to the 20 cents per share expected on Wall Street, according to Refinitiv. The company also reported revenue of $1.168 billion, topping the forecast $1.162 billion.

Cloudera — Cloudera popped nearly 10% in midday trading after multiple brokerages (including Morgan Stanley and Bank of America Merrill Lynch) raised their price targets on the company’s equity after the enterprise software firm reported third-quarter earnings and revenues ahead of what the Street expected.

Stifel analysts wrote that they were “pleased to see that Cloudera has seemingly stabilized its business, [but] remain cautious around the true size of the company’s long-term market opportunity.”

— CNBC’s Fred Imbert, Maggie Fitzgerald and Pippa Stevens contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: thomas franck
Keywords: news, cnbc, companies, biggest, reported, zoom, moves, quarterly, company, stock, ulta, stocks, shares, cents, street, midday, share, tesla, making, morgan, uber, revenue, video


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks making the biggest moves midday: Etsy, ViacomCBS, Biogen, Sage Therapeutics & more

Biogen – The biotechnology company’s stock rose 3.3% after Biogen released new data about its late-stage Alzheimer’s drug called aducanumab. Signet Jewelers — Shares of the jewelry company popped more than 9% in midday trading after the company reported a smaller-than-expected loss and topped analysts’ sales expectations in the third quarter. Sage Therapeutics — Sage’s stock plunged nearly 60% after the company announced its oral depression therapy failed in a late-stage trial. Five Below report


Biogen – The biotechnology company’s stock rose 3.3% after Biogen released new data about its late-stage Alzheimer’s drug called aducanumab.
Signet Jewelers — Shares of the jewelry company popped more than 9% in midday trading after the company reported a smaller-than-expected loss and topped analysts’ sales expectations in the third quarter.
Sage Therapeutics — Sage’s stock plunged nearly 60% after the company announced its oral depression therapy failed in a late-stage trial.
Five Below report
Stocks making the biggest moves midday: Etsy, ViacomCBS, Biogen, Sage Therapeutics & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael sheetz
Keywords: news, cnbc, companies, biogen, results, therapeutics, earnings, moves, data, biggest, trial, viacomcbs, sage, etsy, stock, shares, midday, stocks, company, drug, reported, making, million


Stocks making the biggest moves midday: Etsy, ViacomCBS, Biogen, Sage Therapeutics & more

An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn.

Check out the companies making headlines in midday trading:

Etsy — Shares of e-commerce company Etsy fell 1.4% after Morgan Stanley downgraded the e-commerce website company to underweight from ‘equal weight. The bank said it sees slowing gross merchandise sales that will result in negative earnings revisions.

ViacomCBS — ViacomCBS shares rallied more than 3% after it announced on Wednesday evening the completion of the merger between CBS and Viacom. The new company is expected to focus on quality content as rivals like Disney, Apple and Amazon ramp up their own streaming and original shows and films.

Biogen – The biotechnology company’s stock rose 3.3% after Biogen released new data about its late-stage Alzheimer’s drug called aducanumab. While the data did not offer any significant differences from data Biogen released in October, analysts believe the lack of negatives in the most recent report means the company will soon bring the drug’s data to the Food and Drug Administration.

Signet Jewelers — Shares of the jewelry company popped more than 9% in midday trading after the company reported a smaller-than-expected loss and topped analysts’ sales expectations in the third quarter. Despite a larger net loss than the year-ago period, the owner of Kay, Zales and Jared issued better fiscal 2020 guidance thanks to the success of its transformation plan, according to CEO Virginia Drosos.

Acadia Pharmaceuticals — Shares of the pharmaceutical company jumped 14.8% on positive trial results for its pimavanserin drug, which aims to treat psychosis on patients with Alzheimer’s disease. Acadia also said serious adverse effects were low during the trials.

Sage Therapeutics — Sage’s stock plunged nearly 60% after the company announced its oral depression therapy failed in a late-stage trial. After 15 days, the treatment did not produce significant improvements across 17 parameters, including anxiety.

Restoration Hardware – The furniture company’s stock surged more than 10% after reporting better-than-expected third quarter earnings. RH earned $2.79 per share on $677 million. Wall Street expected $2.23 per share on revenue of $676 million, according to Refinitiv. The company also raised its full year earnings guidance.

Five Below – Shares of the discount retailer popped 5% on strong third quarter earnings. Five Below reported earnings of 18 cents per share, topping estimates by 1 cents, according to Refinitiv. Revenue came in at $377 million, higher than the $374 million forecast by analysts.

Glencore – Shares of commodities trading company Glencore fell more than 8% after the company disclosed that the United Kingdom’s Serious Fraud Office is investigating the company for bribery. Glencore is also under investigation by the Department of Justice for the “Operation Car Wash” scandal in Brazil.

The Michaels Companies – The home goods store chain’s stock fell 11% after Michaels reported third-quarter earnings and revenue that were both below Wall Street’s expectations, according to a FactSet survey of analysts. Michaels lowered its fiscal year forecast, while the company also reported worse than anticipated same store sales for the most recent quarter.

Aurinia Pharmaceuticals — Shares of biotech Aurinia Pharmaceuticals surged a whopping 92% after the biotech company announced positive results from a trial for its lupus-related drug. The company said its phase three trial for drug voclosporin posted positive efficacy and safety results in the treatment of lupus nephritis. Some analysts expect the stock to quadruple on the better-than-expected trial results.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael sheetz
Keywords: news, cnbc, companies, biogen, results, therapeutics, earnings, moves, data, biggest, trial, viacomcbs, sage, etsy, stock, shares, midday, stocks, company, drug, reported, making, million


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Chart suggests a year-end market rally will emerge as soon as next week

The market could be on the verge of a year-end rally. Hickey builds his bullish case in a chart that shows the intramonth performance of the S&P 500. Stocks typically don’t break out into a sustainable year-end rally until around Dec. 14, according to Hickey’s data. But the S&P 500 is still down 1 percent, and the Dow is off almost 1.5%. Hickey points out the S&P 500 has already soared almost 25% this year surrounded by trade jitters.


The market could be on the verge of a year-end rally.
Hickey builds his bullish case in a chart that shows the intramonth performance of the S&P 500.
Stocks typically don’t break out into a sustainable year-end rally until around Dec. 14, according to Hickey’s data.
But the S&P 500 is still down 1 percent, and the Dow is off almost 1.5%.
Hickey points out the S&P 500 has already soared almost 25% this year surrounded by trade jitters.
Chart suggests a year-end market rally will emerge as soon as next week Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: stephanie landsman
Keywords: news, cnbc, companies, 500, month, market, soon, chart, suggests, trend, shows, hickey, stage, yearend, stocks, rally, emerge, week


Chart suggests a year-end market rally will emerge as soon as next week

The market could be on the verge of a year-end rally.

According to Bespoke Investment Group’s Paul Hickey, stocks generally stage their final push for the year in mid-December — even when the month starts off weak, as this one did.

“You would think you’d see strong performance throughout the month,” the firm’s co-founder told CNBC’s “Trading Nation” on Wednesday. “What we found is almost more so than any other month, December is a very back-end-loaded month, meaning the returns usually come towards the back half of the month.”

Hickey builds his bullish case in a chart that shows the intramonth performance of the S&P 500. He compares the current bull market to the overall trend between 1983 to 2018.

Since 1983, his chart shows December’s first two weeks often see muted returns. Stocks typically don’t break out into a sustainable year-end rally until around Dec. 14, according to Hickey’s data. That’s around the end of next week.

Even with last December’s plunge skewing the data, Hickey notes the historical trend is intact. So he’s confident the odds are in favor of a positive December despite the month’s choppy start.

“The market was extremely overbought heading into the month,” he said. “It was a healthy pullback. We didn’t see any major technical damage in the charts.”

The major indexes gained more than a half percent Wednesday and were pointing to higher opens on Thursday. But the S&P 500 is still down 1 percent, and the Dow is off almost 1.5%.

Hickey is confident stocks will rediscover upward momentum that will last into 2020.

He isn’t concerned climbing geopolitical risks, including the looming U.S. tariffs against China scheduled for Dec. 15, will disrupt the seasonal trend. Hickey points out the S&P 500 has already soared almost 25% this year surrounded by trade jitters.

Hickey cites a growing U.S. economy and a Federal Reserve keeping interest rates steady for his bullish outlook.

“These two positive things should set the stage for the market having a decent return,” Hickey said.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: stephanie landsman
Keywords: news, cnbc, companies, 500, month, market, soon, chart, suggests, trend, shows, hickey, stage, yearend, stocks, rally, emerge, week


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Stocks making the biggest moves after hours: Ulta, CrowdStrike, Zoom Video and more

Check out the companies making headlines after the bell:Shares of Ulta spiked more than 9% during extended trading after the beauty retailer posted mixed third-quarter earnings and matched same store-sales estimates. Shares of Zoom Video Communications tanked as much as 11% despite the company’s third-quarter earnings beat and strong fourth-quarter guidance, suggesting slower growth ahead. Domo shares soared more than 25% after the company reported third-quarter earnings and fourth-quarter guida


Check out the companies making headlines after the bell:Shares of Ulta spiked more than 9% during extended trading after the beauty retailer posted mixed third-quarter earnings and matched same store-sales estimates.
Shares of Zoom Video Communications tanked as much as 11% despite the company’s third-quarter earnings beat and strong fourth-quarter guidance, suggesting slower growth ahead.
Domo shares soared more than 25% after the company reported third-quarter earnings and fourth-quarter guida
Stocks making the biggest moves after hours: Ulta, CrowdStrike, Zoom Video and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: ganesh setty
Keywords: news, cnbc, companies, analysts, stocks, company, video, million, revenue, crowdstrike, biggest, share, thirdquarter, ulta, loss, earnings, expected, zoom, moves, making, cents, hours


Stocks making the biggest moves after hours: Ulta, CrowdStrike, Zoom Video and more

Pedestrians pass in front of an Ulta Beauty store in New York.

Check out the companies making headlines after the bell:

Shares of Ulta spiked more than 9% during extended trading after the beauty retailer posted mixed third-quarter earnings and matched same store-sales estimates. The company earned $2.25 per share, exceeding the earnings of $2.13 per share analysts forecast. Revenue fell short, coming in at $1.68 billion, versus the $1.69 billion expected. Ulta matched same-store sales growth forecasts at 3.2%.

Shares of Zoom Video Communications tanked as much as 11% despite the company’s third-quarter earnings beat and strong fourth-quarter guidance, suggesting slower growth ahead. The company reported earnings of 9 cents per share excluding certain items on revenue of $166.6 million, while Wall Street expected earnings of 3 cents per share and revenue of $154.9 million.

For the fourth quarter, Zoom expects earnings of roughly 7 cents per share, excluding certain items, and revenue between $175 million and $176 million. For the 2020 fiscal year, the company projected annual earnings of approximately 27 cents per share excluding certain items and a revenue range of $609 million to $610 million.

CrowdStrike shares popped nearly 5% after the cloud-based cybersecurity company reported better-than-expected earnings in its third quarter. The company lost 7 cents per share on revenue of $125.1 million, while Wall Street expected an 11 cent loss per share and revenue of $118.8 million, according to Refinitiv.

CrowdStrike also increased its fiscal 2020 outlook, anticipating a loss between 9 and 8 cents per share and revenue between $465.2 million and $468 million.

DocuSign shares jumped nearly 10% after the online-signature platform posted third-quarter earnings that topped analysts’ expectations. The company posted earnings of 11 cents per share excluding certain items on revenue $250 million, compared to the earnings of 3 cents per share and revenue of $240 million analysts forecast.

Domo shares soared more than 25% after the company reported third-quarter earnings and fourth-quarter guidance that topped expectations. Domo, which makes executive management software, lost 85 cents per share excluding certain items on revenue of $44.8 million, while analysts expected a loss of $1.01 per share and revenue of $41.8 million.

Next quarter, Domo sees an adjusted loss of 94 cents to 98 cents per share on revenue between $45 million and $46 million. Analysts had projected a loss of 98 cents per share on revenue of $43.9 million, according to Refinitiv.

Shares of cloud-computing company PagerDuty tanked 17% after the bell following its mixed third-quarter earnings and fourth-quarter guidance, plus a new leadership change. The company lost 10 cents per share excluding certain items, slightly more than the 9 cent loss per share analysts expected, according to Refinitiv. Revenue came in better than expected, at $42.8 million versus the $42.1 million projected.

For the fourth quarter, the company expects an adjusted loss of 6 cents to 7 cents per share and revenue between $44.5 million and $45.5 million. Analysts had forecast a loss of 5 cents per share on revenue of $43.8 million.

Separately, PagerDuty announced that former Salesforce executive Dave Justice will join the company as chief revenue officer.

Yext shares plummeted more than 22% after the online brand management company posted disappointing third-quarter earnings and fourth-quarter guidance. Yext posted a loss of 19 cents per share, slightly higher than the 18 cent loss per share analysts expected, according to Refinitiv. The company’s revenue of $76.4 million was in-line with expectations.

For the fourth quarter, Yext anticipates a loss of 13 cents to 15 cents per share and revenue between $79 million and $81 million. Analysts had forecast a lower loss of 8 cents per share and higher revenue at $93.9 million.

Shares of Tesla briefly climbed more than 1% before settling just above its closing price after Morgan Stanley analyst Adam Jonas raised the company’s bull case from $440 to $500 per share, citing the unveiling of the new Tesla Cybertruck and more potential sales penetration in China. Morgan Stanley’s base case remains the same at a price target of $250 per share, and Tesla shares are down nearly 1% year to date.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: ganesh setty
Keywords: news, cnbc, companies, analysts, stocks, company, video, million, revenue, crowdstrike, biggest, share, thirdquarter, ulta, loss, earnings, expected, zoom, moves, making, cents, hours


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Asia stocks set to trade higher amid trade confusion

Stocks in Asia were set to trade higher on Thursday as investors digest recent developments on U.S.-China trade. Futures pointed to a higher open for Japanese stocks, with the Nikkei futures contract in Chicago at 23,350 while its counterpart in Osaka was at 23,360. Meanwhile, shares in Australia jumped in early trade after leading losses among regional markets on Wednesday, with the S&P/ASX 200 gaining about 1%. Investors will watch for the release of Australia’s merchandise trade and retail sa


Stocks in Asia were set to trade higher on Thursday as investors digest recent developments on U.S.-China trade.
Futures pointed to a higher open for Japanese stocks, with the Nikkei futures contract in Chicago at 23,350 while its counterpart in Osaka was at 23,360.
Meanwhile, shares in Australia jumped in early trade after leading losses among regional markets on Wednesday, with the S&P/ASX 200 gaining about 1%.
Investors will watch for the release of Australia’s merchandise trade and retail sa
Asia stocks set to trade higher amid trade confusion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: eustance huang
Keywords: news, cnbc, companies, spasx, watch, stocks, nikkei, amid, trade, tradefutures, asia, confusion, set, higher, uschina, investors


Asia stocks set to trade higher amid trade confusion

Stocks in Asia were set to trade higher on Thursday as investors digest recent developments on U.S.-China trade.

Futures pointed to a higher open for Japanese stocks, with the Nikkei futures contract in Chicago at 23,350 while its counterpart in Osaka was at 23,360. The Nikkei 225 last closed at 23,135.23.

Meanwhile, shares in Australia jumped in early trade after leading losses among regional markets on Wednesday, with the S&P/ASX 200 gaining about 1%. Investors will watch for the release of Australia’s merchandise trade and retail sales data for October, set to be released around 8:30 a.m. HK/SIN.

On the economic front, the Reserve Bank of India is expected to announce its interest rate decision at 2:15 p.m. HK/SIN.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: eustance huang
Keywords: news, cnbc, companies, spasx, watch, stocks, nikkei, amid, trade, tradefutures, asia, confusion, set, higher, uschina, investors


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post