Stocks making the biggest moves premarket: Estee Lauder, Palo Alto Networks, Nvidia & more

Check out the companies making headlines before the bell:Estee Lauder – The cosmetics maker reported adjusted quarterly profit of 64 cents per share, 11 cents a share above estimates. Palo Alto Networks – Palo Alto announced that its executive vice president of worldwide sales, Dave Peranich, is stepping down. The paper said Apollo is seeking to combine the TV station operator with its Cox TV stations. Nvidia — Microsoft said it would use Nvidia’s so-called “ray tracing” technology to provide mo


Check out the companies making headlines before the bell:Estee Lauder – The cosmetics maker reported adjusted quarterly profit of 64 cents per share, 11 cents a share above estimates. Palo Alto Networks – Palo Alto announced that its executive vice president of worldwide sales, Dave Peranich, is stepping down. The paper said Apollo is seeking to combine the TV station operator with its Cox TV stations. Nvidia — Microsoft said it would use Nvidia’s so-called “ray tracing” technology to provide mo
Stocks making the biggest moves premarket: Estee Lauder, Palo Alto Networks, Nvidia & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, share, networks, according, lauder, valuation, biggest, estee, tv, nvidia, street, sales, buy, palo, stock, moves, firm, premarket, stocks, making, upgraded


Stocks making the biggest moves premarket: Estee Lauder, Palo Alto Networks, Nvidia & more

Check out the companies making headlines before the bell:

Estee Lauder – The cosmetics maker reported adjusted quarterly profit of 64 cents per share, 11 cents a share above estimates. Revenue also beat forecasts and Estee Lauder issued a better-than-expected full-year outlook. The company mentioned escalating U.S.-China trade tensions as a potential source of risk, however.

Palo Alto Networks – Palo Alto announced that its executive vice president of worldwide sales, Dave Peranich, is stepping down. The cybersecurity company’s stock fell 7.2% Friday after the initial reports of his impending departure.

Tegna – Tegna has been approached by private-equity firm Apollo Global about a possible sale, according to The Wall Street Journal, but has rebuffed those efforts so far. The paper said Apollo is seeking to combine the TV station operator with its Cox TV stations.

Aramark — Private-equity firm Mantle Ridge has taken a 20% stake in the food services company, according to a Securities and Exchange Commission filing. Earlier this year, Reuters had reported that Mantle Ridge was mulling a possible offer to buy Aramark.

Nvidia — Microsoft said it would use Nvidia’s so-called “ray tracing” technology to provide more realistic graphics for its Minecraft video game.

PG&E — PG&E won a court decision that allows the utility to keep sole control of a planned bankruptcy exit. Two groups of creditors had wanted to put forth their own versions of Chapter 11 exit proposals.

Lions Gate – The movie studio’s stock was upgraded to “outperform” from “in-line” at imperial Capital, which cited a number of factors including interest from CBS in Lions Gate’s Starz channel.

MasterCard — MasterCard is putting together its own cryptocurrency team, according to the New York Post. Mastercard is already a partner in Facebook’s planned Libra cryptocurrency announced in June.

Deckers – Pivotal Research Group upgraded the footwear maker’s stock to “buy” from “hold,” noting that it is at a more attractive valuation following a 25% decline and also foreseeing more favorable weather trends in the fall.

Dollar General – JPMorgan Chase raised its same-store sales projection for the discount retailer, as well as predicting quarterly earnings above Street consensus. The firm rates the stock “overweight.”

Amgen – Mizuho downgraded the biotech company’s stock to “neutral” from “buy” in what it says is solely a valuation call. That follows a 10% runup in the stock over the past week.


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: peter schacknow, fred imbert
Keywords: news, cnbc, companies, share, networks, according, lauder, valuation, biggest, estee, tv, nvidia, street, sales, buy, palo, stock, moves, firm, premarket, stocks, making, upgraded


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These stocks fell after earnings, but Wall Street analysts see a buying opportunity

CNBC combed through Wall Street research to find stocks that analysts defended after the market knocked down their stock. So far this earnings season, 73% of the S&P 500 companies have beaten earnings estimates, according to Refinitiv. Global investment management firm Victory Capital reported earnings on Tuesday that missed on the topline and fell short of expectations, according to analysts at William Blair. Earlier this week, Argentina’s stock market tanked after the country’s president suffe


CNBC combed through Wall Street research to find stocks that analysts defended after the market knocked down their stock. So far this earnings season, 73% of the S&P 500 companies have beaten earnings estimates, according to Refinitiv. Global investment management firm Victory Capital reported earnings on Tuesday that missed on the topline and fell short of expectations, according to analysts at William Blair. Earlier this week, Argentina’s stock market tanked after the country’s president suffe
These stocks fell after earnings, but Wall Street analysts see a buying opportunity Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-17  Authors: michael bloom
Keywords: news, cnbc, companies, shares, season, wrestling, opportunity, market, companies, wall, company, stock, earnings, reported, buying, analysts, stocks, fell, street


These stocks fell after earnings, but Wall Street analysts see a buying opportunity

World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009

Earnings season is just about over and some companies blew it, with their shares dropping after reporting results. But that drop could be an opportunity.

CNBC combed through Wall Street research to find stocks that analysts defended after the market knocked down their stock.

So far this earnings season, 73% of the S&P 500 companies have beaten earnings estimates, according to Refinitiv. Earnings for the S&P 500 are up 2.9% in the second quarter.

The U.S.-China trade war, market volatility, and global growth fears continue to weigh on the minds of companies and investors alike as earnings season comes to a close. But many Wall Street analysts are advising clients there is still plenty of value to be found among the growing sea of uncertainty.

The names include companies like Victory Capital Holdings, MercadoLibre, Fastly, World Wrestling Entertainment, and Bloom Energy.

Global investment management firm Victory Capital reported earnings on Tuesday that missed on the topline and fell short of expectations, according to analysts at William Blair.

The stock tanked due to what an analyst called “a timing issue, with inflows coming in late in the quarter rather than being spread evenly across the quarter.” Inflows refers to the amount of cash coming into the business.

The firm went on to say in a note that the stock reaction was “overblown” and “we would be buyers on weakness,.”

Shares of the company are down 8% on the week.

Earlier this week, Argentina’s stock market tanked after the country’s president suffered an election upset against the opposition candidate.

Argentinean company MercadoLibre also reported earnings this week and while analysts at Deutsche Bank said they were “strong,” the e-commerce retailer may have also been the victim of bad timing due to the ongoing events in the country.

“Given robust underlying fundamentals, large total addressable market, and MELI’s track record at weathering both regulatory and FX challenges in the past, we think the dip is largely an overreaction which has created a buying opportunity for investors who can withstand short term volatility,” they said.

The stock is down 9% on the week.

World Wrestling Entertainment reported strong bottom-line results in late July. Shares of the company took a bit of a beating as of late but have quickly rallied back.

The company has also been the subject of several buy initiations and upgrades recently, including one from Rosenblatt analysts on Thursday.

“Our thesis on the media industry is content is king and view WWE as one of the best public market ways to benefit from this theme,” they wrote. “We see the recent pullback in shares driven by concerns over ratings and quarterly estimate revisions as a buying opportunity.”

Here’s what else analysts are saying about stocks to buy after an earnings pullback:


Company: cnbc, Activity: cnbc, Date: 2019-08-17  Authors: michael bloom
Keywords: news, cnbc, companies, shares, season, wrestling, opportunity, market, companies, wall, company, stock, earnings, reported, buying, analysts, stocks, fell, street


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US futures point to higher open

U.S. stock index futures were set to open higher on Friday morning. ET, Dow futures rose 156 points, indicating a positive open of more than 164 points. Futures on the S&P and Nasdaq were both higher. Wall Street closed Thursday’s session on a more positive note, reverting some of the steep losses seen earlier in the week. However, market sentiment remains volatile to developments in the bond market.


U.S. stock index futures were set to open higher on Friday morning. ET, Dow futures rose 156 points, indicating a positive open of more than 164 points. Futures on the S&P and Nasdaq were both higher. Wall Street closed Thursday’s session on a more positive note, reverting some of the steep losses seen earlier in the week. However, market sentiment remains volatile to developments in the bond market.
US futures point to higher open Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: silvia amaro
Keywords: news, cnbc, companies, stock, positive, points, street, futures, open, volatile, point, market, week, higher, thursdays


US futures point to higher open

U.S. stock index futures were set to open higher on Friday morning.

At around 02:30 a.m. ET, Dow futures rose 156 points, indicating a positive open of more than 164 points. Futures on the S&P and Nasdaq were both higher.

Wall Street closed Thursday’s session on a more positive note, reverting some of the steep losses seen earlier in the week. However, market sentiment remains volatile to developments in the bond market.


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: silvia amaro
Keywords: news, cnbc, companies, stock, positive, points, street, futures, open, volatile, point, market, week, higher, thursdays


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GE rebounds after CEO share purchases, Wall Street analysts come to company’s defense

General Electric bounced back Friday after the CEO shored up confidence by purchasing a bulk of company shares, and analysts defended the industrial giant. The CEO has roughly doubled his holding of GE shares this week. In the 175-page report, Markopolos accused GE of $38 billion in accounting fraud — “bigger than Enron and WorldCom combined.” “It’s going to make this company probably file for bankruptcy,” Markopolos told CNBC’s “Squawk on the Street ” on Thursday. Markopolos told CNBC that he w


General Electric bounced back Friday after the CEO shored up confidence by purchasing a bulk of company shares, and analysts defended the industrial giant. The CEO has roughly doubled his holding of GE shares this week. In the 175-page report, Markopolos accused GE of $38 billion in accounting fraud — “bigger than Enron and WorldCom combined.” “It’s going to make this company probably file for bankruptcy,” Markopolos told CNBC’s “Squawk on the Street ” on Thursday. Markopolos told CNBC that he w
GE rebounds after CEO share purchases, Wall Street analysts come to company’s defense Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: kate rooney
Keywords: news, cnbc, companies, street, report, shares, told, rebounds, stock, purchases, wall, companys, ceo, morning, defense, worldcom, come, markopolos, share, accounting, ge


GE rebounds after CEO share purchases, Wall Street analysts come to company's defense

General Electric bounced back Friday after the CEO shored up confidence by purchasing a bulk of company shares, and analysts defended the industrial giant.

GE’s stock was up more than 6% on Friday morning following its biggest drop since April 2008 a day earlier. The shares had tanked 11% on Thursday.

The stock began its downward spiral Thursday morning after Harry Markopolos, best-known for pointing out irregularities with Bernie Madoff’s investment strategy years before the Ponzi scheme was exposed, published a report accusing GE of fraudulent financial statements.

Larry Culp, who took over the struggling industrial conglomerate last year, bought 252,200 shares for $7.93 each, according to a Thursday evening filing with the SEC. The CEO has roughly doubled his holding of GE shares this week.

In the 175-page report, Markopolos accused GE of $38 billion in accounting fraud — “bigger than Enron and WorldCom combined.” He outlined a “long history” of accounting fraud at GE, dating to as early as 1995, when it was run by Jack Welch.

“It’s going to make this company probably file for bankruptcy,” Markopolos told CNBC’s “Squawk on the Street ” on Thursday. “WorldCom and Enron lasted about four months. … We’ll see how GE does.”

A U.S. hedge fund, which Markopolos wouldn’t name, paid Markopolos to conduct the report. Markopolos told CNBC that he was getting a “decent percentage” of profits that the hedge fund would make from betting against GE.

Culp, who is a former CEO of Danaher, said the accusations were false, and driven by incentives to profit off of GE’s stock drop.

“GE will always take any allegation of financial misconduct seriously. But this is market manipulation – pure and simple,” he said in a statement. “Mr. Markopolos’s report contains false statements of fact and these claims could have been corrected if he had checked them with GE before publishing the report.”

Leslie Seidman, a GE board director and chair of its audit committee, also pushed back on the Markopolos report, which she said contained “numerous novel interpretations and downright mistakes about the actual accounting requirements.”

“In his own words, he stands to personally financially benefit from today’s significant market reaction to his report,” she said Thursday. “He is selectively front-running widely reported regulatory processes and rigorous investigations without the benefit of any access to GE’s books and records.”


Company: cnbc, Activity: cnbc, Date: 2019-08-16  Authors: kate rooney
Keywords: news, cnbc, companies, street, report, shares, told, rebounds, stock, purchases, wall, companys, ceo, morning, defense, worldcom, come, markopolos, share, accounting, ge


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Utilities and these other stocks win when volatility strikes Wall Street

The second-best performing ETF was the iShares U.S. Real Estate ETF (IYR). The group of real estate stocks rose 0.28% in the week following surges in volatility. Real estate companies tend to have higher dividends, which is attractive for investors searching for yield in a volatile environment. One caveat, if the volatility is the result of a recession centering on real estate, these names could get hit as well. The Financial Select Sector SPDR Fund (XLF) returned 0.18% and the Health Care Selec


The second-best performing ETF was the iShares U.S. Real Estate ETF (IYR). The group of real estate stocks rose 0.28% in the week following surges in volatility. Real estate companies tend to have higher dividends, which is attractive for investors searching for yield in a volatile environment. One caveat, if the volatility is the result of a recession centering on real estate, these names could get hit as well. The Financial Select Sector SPDR Fund (XLF) returned 0.18% and the Health Care Selec
Utilities and these other stocks win when volatility strikes Wall Street Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, strikes, win, volatility, vix, select, wall, etf, stocks, rose, estate, utilities, points, sector, street, real


Utilities and these other stocks win when volatility strikes Wall Street

Volatility is back on Wall Street.

The average daily point range of the Dow Jones Industrial Average so far this month is about 482 points, which is more than double the average daily range from the rest of the year (224 points from January to July).

The CBOE Volatility index, a gauge for investor fear, has risen nearly 50% this month but based on past surges in uncertainty this could be a buying opportunity.

Stocks have whipsawed in August on concerns about the trade war between the U.S. and China and global economic uncertainty. On Monday stocks fell on worries and falling yields, followed by a rally in stocks of 300 points on Tuesday when Trump delayed and cancelled tariffs on select items. Just yesterday, the Dow dropped 800 points as investors worried an inverted yield curve means a recession is coming.

CNBC used Kensho, a hedge fund analytics tool, to track the top ETF performers the week after the volatility Index, a measure of the 30-day implied volatility of U.S. stocks also known as the VIX, popped above the 15 level. The VIX has breached this key fear level 82 times in the past 10 years and data showed that the utilities ETF has the biggest returns following bursts of uncertainty.

The Utilities Select Sector SPDR Fund (XLU), which holds stocks like Duke Energy, Dominion Energy and Southern Company, rose 0.35% in the week after the VIX popped over 15.

Utilities are generally more stable stocks, as demand for electricity and gas is a steady consumer and business need. And the shares pay above-average dividends.

The second-best performing ETF was the iShares U.S. Real Estate ETF (IYR). The group of real estate stocks rose 0.28% in the week following surges in volatility.

Real estate companies tend to have higher dividends, which is attractive for investors searching for yield in a volatile environment. The high dividend comes from real estate company’s strong cash flow. In the case of tax laws for REITS, the companies are forced to distribute a certain percentage of income, which also drive yield higher.

Prologis, Equinix and American Tower are all in the XLU real estate portfolio. One caveat, if the volatility is the result of a recession centering on real estate, these names could get hit as well.

As a proxy for bonds in times of economic uncertainty, the U.S. Treasury ETF was also a strong performer following a spike in volatility. The iShares 20+ Year Treasury Bond ETF (TLT) rose 0.24% when the VIX breached the 15 level.

The financial sector ETF and the healthcare ETF also rose following increased uncertainty.

The Financial Select Sector SPDR Fund (XLF) returned 0.18% and the Health Care Select Sector SPDR Fund (XLV) returned 0.15% in the 5 days after the VIX rose.

This month’s volatility is not quite at levels breached in December 2018, when the Dow saw an average daily range of 600 points.

CNBC’s Jim Cramer said Tuesday the markets should be prepared for “choppy waters and perhaps a modest pullback,” as the S&P 500 index and the VIX typically run in opposite directions.

Stocks rebounded slightly on Thursday in more volatile trading.


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, strikes, win, volatility, vix, select, wall, etf, stocks, rose, estate, utilities, points, sector, street, real


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Concern about Trump’s immigration policies impacting business fades on Main Street

But those concerns among small business owners do not extend to their work. While the crisis at the border continues, the concerns among small business owners already seem to be fading. These data come from the quarterly CNBC/SurveyMonkey Small Business Survey, a regular check-in on the state of small business optimism in the United States. The latest survey was fielded July 29 to Aug. 4 among a sample of nearly 2,300 small business owners. Of these small business owners, 52% say U.S. immigratio


But those concerns among small business owners do not extend to their work. While the crisis at the border continues, the concerns among small business owners already seem to be fading. These data come from the quarterly CNBC/SurveyMonkey Small Business Survey, a regular check-in on the state of small business optimism in the United States. The latest survey was fielded July 29 to Aug. 4 among a sample of nearly 2,300 small business owners. Of these small business owners, 52% say U.S. immigratio
Concern about Trump’s immigration policies impacting business fades on Main Street Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: laura wronski, senior research scientist, senior research scientist at surveymonkey
Keywords: news, cnbc, companies, impacting, months, policy, policies, owners, expect, street, business, main, fades, small, issue, say, trumps, quarter, immigration, concern


Concern about Trump's immigration policies impacting business fades on Main Street

A U.S. Border Patrol agent takes down personal data from Salvadorian mother Ana Esmeralda and her son Manuel Alexander, 2, after they were taken into custody on July 02, 2019 in Los Ebanos, Texas.

In early 2019, with the crisis at the U.S.’s southern border reaching a tipping point, immigration surged to become the issue that small business owners said they cared about the most. In the first quarter of this year, more than a quarter of small business owners (27%) named immigration as the top issue, when only a year prior just 11% had said the same.

But those concerns among small business owners do not extend to their work. The percentage of small business owners who expect any effect on their businesses — positive or negative — as a result of changes to immigration policy has barely budged in the past two years. Even when concerns about immigration spiked, about 6 in 10 small business owners said they didn’t expect immigration policy to impact their businesses, the same as in previous quarters.

While the crisis at the border continues, the concerns among small business owners already seem to be fading. This quarter the percent naming immigration the top issue is down five percentage points from its peak six months ago.

These data come from the quarterly CNBC/SurveyMonkey Small Business Survey, a regular check-in on the state of small business optimism in the United States. The latest survey was fielded July 29 to Aug. 4 among a sample of nearly 2,300 small business owners.

Majorities of small business owners say that immigration policy has had no impact on their business in the past 12 months (69%) and that they expect immigration policy to have no effect on their business in the next 12 months (61%).

However, among the minority who have been affected by immigration policy thus far, three times as many small business owners say they have been hurt by the U.S.’s immigration policy as the number who say they’ve been helped (21% vs. 7%). For this small subset, hiring difficulties have only become more problematic thanks to the immigration crisis.

Nearly half of small business owners (46%) who say immigration policy has hurt their business in the last 12 months say they’ve hired or attempted to hire new employees in the same time period. Of these small business owners, 52% say U.S. immigration policy has made it more difficult to hire new workers.


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: laura wronski, senior research scientist, senior research scientist at surveymonkey
Keywords: news, cnbc, companies, impacting, months, policy, policies, owners, expect, street, business, main, fades, small, issue, say, trumps, quarter, immigration, concern


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Verizon reportedly selling Tumblr to WordPress owner for nominal amount

Verizon reportedly selling Tumblr to Wordpress owner for nominal amount12:04 PM ET Tue, 13 Aug 2019CNBC’s “Squawk on the Street” crew discuss Verizon’s sale of Tumblr to Wordpress parent company Automattic.


Verizon reportedly selling Tumblr to WordPress owner for nominal amount12:04 PM ET Tue, 13 Aug 2019CNBC’s “Squawk on the Street” crew discuss Verizon’s sale of Tumblr to WordPress parent company Automattic.
Verizon reportedly selling Tumblr to WordPress owner for nominal amount Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: karina frayter
Keywords: news, cnbc, companies, squawk, street, selling, reportedly, verizons, sale, tumblr, nominal, verizon, owner, parent, wordpress


Verizon reportedly selling Tumblr to WordPress owner for nominal amount

Verizon reportedly selling Tumblr to WordPress owner for nominal amount

12:04 PM ET Tue, 13 Aug 2019

CNBC’s “Squawk on the Street” crew discuss Verizon’s sale of Tumblr to WordPress parent company Automattic.


Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: karina frayter
Keywords: news, cnbc, companies, squawk, street, selling, reportedly, verizons, sale, tumblr, nominal, verizon, owner, parent, wordpress


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Small business confidence drops to a low as U.S.–China trade war rattles Main Street

Small business owners are undoubtedly better off now than they were the last time the confidence index was this low. Over half of business owners in the CNBC|SurveyMonkey Small Business Survey for the third quarter of 2019 say that business conditions are good. “Trade has become the new issue causing volatility for small business owners, as a growing number of small business owners say they expect trade policy to have a negative effect on their business in the next year,” said Laura Wronski, sen


Small business owners are undoubtedly better off now than they were the last time the confidence index was this low. Over half of business owners in the CNBC|SurveyMonkey Small Business Survey for the third quarter of 2019 say that business conditions are good. “Trade has become the new issue causing volatility for small business owners, as a growing number of small business owners say they expect trade policy to have a negative effect on their business in the next year,” said Laura Wronski, sen
Small business confidence drops to a low as U.S.–China trade war rattles Main Street Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: riley de leon joe andrews eric rosenbaum, riley de leon, joe andrews, eric rosenbaum, laura wronski, senior research scientist, surveymonkey, jon cohen, chief research officer
Keywords: news, cnbc, companies, confidence, drops, expect, street, uschina, owners, think, low, main, business, rattles, china, positive, trade, small, war, impact


Small business confidence drops to a low as U.S.–China trade war rattles Main Street

Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019. Aly Song | Reuters

Small business confidence has dropped to a level not seen since 2017, matching the all-time low since CNBC and SurveyMonkey began taking the pulse of Main Street in a quarterly survey three years ago. Business confidence is now lower than it was amid the major stock market sell-off of late 2018 and equals the way entrepreneurs felt in late 2017, when the tax cuts package and its provisions for small business owners were in doubt. The reason this time: President Donald Trump’s trade policy. Small business owners are undoubtedly better off now than they were the last time the confidence index was this low. Over half of business owners in the CNBC|SurveyMonkey Small Business Survey for the third quarter of 2019 say that business conditions are good. That number was 13 percentage points lower (55% vs. 44%) at the time of the 2017 low. Fifty-eight percent say they expect revenue to increase in the next 12 months, and Trump’s net approval rating is holding strong, at 57%. “Trade has become the new issue causing volatility for small business owners, as a growing number of small business owners say they expect trade policy to have a negative effect on their business in the next year,” said Laura Wronski, senior research scientist at SurveyMonkey. “There’s been a huge divergence in the proportion of small business owners who expect positive versus negative effects from the Trump administration’s trade policies. It used to be that those numbers were about even or even net positive, but now twice as many small business owners expect a negative impact as expect a positive impact from trade policy,” Wronski said. “The big story of the summer has been the escalating trade war with China, and small business owners are reacting nervously.” The CNBC|SurveyMonkey Small Business Survey for Q3 included responses from approximately 2,300 small business owners across the country, collected between July 29 and Aug. 4.

Trade trickles down to Main Street

“That really bright outlook we saw two years ago has waned,” said Molly Day, vice president of public affairs for the National Small Business Association. “We’ve been pretty concerned with threats of tariffs.” She said for small businesses it is important that Congress pass the trade deal with the nation’s two biggest trading partners, Mexico and Canada, legislation known as the United States–Mexico–Canada Agreement (USMCA). China may be “three or four steps down the supply chain” for many small businesses, but it affects them, especially the longer it goes on. The majority of small business owners still say that Mexico and China trade policy will not be a factor for their business, but entrepreneurs experiencing a direct or indirect hit are bringing down overall confidence. “The trade piece really does impact people a lot, but it is not as easy to have that personal connection” at the small business level, Day said. “For some small businesses not importing or exporting, it may not have a direct impact, but I think it will trickle down in that things are costing a little more.” That’s the case for Ben Thomas, owner of Five Pound Apparel in Springfield, Missouri — the name comes from the business mission to donate 5 lbs of food for every T-shirt bought by customers. His store’s core products are “Made in America,” and the business has a focus on what it considers “ethical” brands, but those brands have global supply chains. “The trade war has yet to have a direct impact on our business, but we do expect it to have a small impact,” said Thomas, who owns the store with his wife. “The impact would likely be a slight increase on the cost of some of our goods. We have brands that source products and labor from all over the world, primarily with the goal of having a positive economic and social impact on that particular section of the globe. Wholesale margins are thin enough that manufacturers will have to pass those to their customers (us), and we in turn will likely have to pass those on to the end consumer,” Thomas said.

The one lever the administration has is trade, and where they go with trade will dictate how small business owners feel by the end of the year. Karen Kerrigan SBE Council

The longer the feud with China continues, the “deeper and wider” the impact will be on small businesses, said Karen Kerrigan, president and CEO of industry trade group SBE Council. “It really represents this drag on confidence and optimism,” she said. “Optimism is still relatively high, but slowly lowering. We are at a critical period in the economy.” She noted that a recent weak reading in business investment, which hit a three-year low in an otherwise positive Commerce Department report, is also bringing down confidence, and that makes removing the trade anxiety even more important for the business community. “Small and mid-size businesses are depending on larger businesses. The agricultural community is depending on farmers to buy stuff,” Kerrigan said. “If you can get a [China] trade deal, maybe not a comprehensive one but start with something, IP protection or market access, and get the USMCA through Congress, it would all be very positive for investments, the markets and small business,” Kerrigan said. She added: “The one lever the administration has is trade, and where they go with trade will dictate how small business owners feel by the end of the year.” Matt Laricy, a third-generation real estate agent who manages his own sales group based in Chicago, is worried about a recession. “I think we’re on the brink of a recession, and I think it’s a matter of time that this gravy train we’ve all been riding is going to sink on us,” he said. “We’re past due. … I don’t think we’re going to see a 2008 type of recession where the world is ending. I do think that we’re going to see a little bit of a gut check.” But his economic concerns do not represent a sudden shift based on the trade war or any single factor. “I think this trade war with China is not going to affect us [and], for the most part, the general consumer.”

Prepare for the unpredictable


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: riley de leon joe andrews eric rosenbaum, riley de leon, joe andrews, eric rosenbaum, laura wronski, senior research scientist, surveymonkey, jon cohen, chief research officer
Keywords: news, cnbc, companies, confidence, drops, expect, street, uschina, owners, think, low, main, business, rattles, china, positive, trade, small, war, impact


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Wall Street sees even more Fed rate cuts ahead with Morgan Stanley predicting a return to zero

“Slower growth and rising risks will likely impel the Fed to cut rates further,” UBS economist Seth Carpenter said in a report for clients. That jibes with current pricing in the futures market which sees the funds rate around 1.12% by the end of next year. In their most recent projections in June, they indicated the longer-run funds rate to be at 2.5%, or higher than the current target range of 2% to 2.25%. Morgan Stanley: Back to zeroThe cut in September, he said, likely would be framed as ano


“Slower growth and rising risks will likely impel the Fed to cut rates further,” UBS economist Seth Carpenter said in a report for clients. That jibes with current pricing in the futures market which sees the funds rate around 1.12% by the end of next year. In their most recent projections in June, they indicated the longer-run funds rate to be at 2.5%, or higher than the current target range of 2% to 2.25%. Morgan Stanley: Back to zeroThe cut in September, he said, likely would be framed as ano
Wall Street sees even more Fed rate cuts ahead with Morgan Stanley predicting a return to zero Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: jeff cox
Keywords: news, cnbc, companies, predicting, street, wall, cut, trade, morgan, stanley, rate, sees, rates, taking, funds, return, fed, zero, tariffs


Wall Street sees even more Fed rate cuts ahead with Morgan Stanley predicting a return to zero

As trade tensions escalate and economic indicators weaken, Wall Street is beginning to anticipate more aggressive interest rate cuts from the Federal Reserve, with at least one forecast seeing a return to near zero. Economists now see the likelihood of three quarter-point reductions before the end of the year, along with multiple moves in 2020 until it becomes clear that the U.S. central bank has staved off a recession. The anticipation comes as Goldman Sachs just announced that it reduced its GDP projections by 0.2 percentage point and Bank of America Merrill Lynch said it sees increasing chances of a recession in the next 12 months. Other forecasters on the Street are joining the calls for weakening conditions that prompt the Fed to take a sharper knife to rates than officials indicated at the July meeting, which saw the first rate reduction in 11 years.

“Slower growth and rising risks will likely impel the Fed to cut rates further,” UBS economist Seth Carpenter said in a report for clients. “Although we saw little support from the [Federal Open Market] Committee for further cuts at the July meeting, trade developments should provide enough justification to cut in” September. Carpenter sees another cut in December then one final reduction in March 2020 for a full cycle of 100 basis points lower, taking the Fed’s benchmark funds rate down to a range of 1% to 1.25%. That jibes with current pricing in the futures market which sees the funds rate around 1.12% by the end of next year. The projection, though, is still a far cry from where committee members anticipate rates heading. In their most recent projections in June, they indicated the longer-run funds rate to be at 2.5%, or higher than the current target range of 2% to 2.25%. However, that forecast came before July’s rate cut and, perhaps more importantly, a day before President Donald Trump’s announcement that he intends to levy tariffs on the remaining $300 billion or so of Chinese imports not already targeted. “Trump’s announcement … that tariffs on the final tranche of Chinese imports would be implemented September 1 has changed the outlook,” Carpenter said. “The new tariffs will slow growth. We anticipate the Fed eases policy further because of the slowdown and their fears of increased uncertainty.”

Morgan Stanley: Back to zero

The cut in September, he said, likely would be framed as another insurance policy against future uncertainty. By December, though, the easing would be in response to data showing material weakness in the economy. Morgan Stanley anticipates successive cuts at the September and October FOMC meetings and an even steeper path ahead, with four more rate moves in 2020 taking the funds rate close to zero, or where it was during the financial crisis and stayed for seven years. Strategist Mark Cabana of BofAML also recently told CNBC that zero rates could come if trade tensions keeping rising. “Taking a walk through Chair Powell’s checklist of factors the FOMC will be looking at when deliberating policy adjustments going forward, it seems to us there is already a clear need to cut rates further,” Ellen Zentner, a Morgan Stanley economist, said in a note, citing a reduction in hours worked for July, typically a precursor to layoffs.


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: jeff cox
Keywords: news, cnbc, companies, predicting, street, wall, cut, trade, morgan, stanley, rate, sees, rates, taking, funds, return, fed, zero, tariffs


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Amazon’s quest for constant growth is not leaving it with many friends — except for Wall Street

FedEx terminated its ground-delivery contract with Amazon, two months after ending its U.S. express shipping deal. For the fourth straight month, all 45 analysts with ratings on Amazon’s stock recommend buying it, according to FactSet. Even following last month’s earnings miss and lower-than-expected guidance, Amazon’s stock barely moved and didn’t see a single downgrade on its rating. “That’s what it really comes down to,” Chuckumba said, referring to Amazon’s continued growth. In a series of s


FedEx terminated its ground-delivery contract with Amazon, two months after ending its U.S. express shipping deal. For the fourth straight month, all 45 analysts with ratings on Amazon’s stock recommend buying it, according to FactSet. Even following last month’s earnings miss and lower-than-expected guidance, Amazon’s stock barely moved and didn’t see a single downgrade on its rating. “That’s what it really comes down to,” Chuckumba said, referring to Amazon’s continued growth. In a series of s
Amazon’s quest for constant growth is not leaving it with many friends — except for Wall Street Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-11  Authors: eugene kim
Keywords: news, cnbc, companies, politicians, sales, sp, friends, quest, months, leaving, amazons, constant, amazon, stock, growth, retail, wall, really, ratings, street


Amazon's quest for constant growth is not leaving it with many friends — except for Wall Street

From industry stalwarts to high-profile politicians, seemingly everyone’s turning their backs against Amazon these days. Except one: Wall Street.

Just this week, old players in two major categories — logistics and pharmacies — turned into foes. FedEx terminated its ground-delivery contract with Amazon, two months after ending its U.S. express shipping deal. Meanwhile, CVS and Walgreens were accused of unfairly blocking Amazon-owned PillPack’s access to certain prescription data.

This comes after several years of stories about retail rivals’ refusal to use Amazon’s AWS cloud service so they could avoid funding its most lucrative business. Vendors and sellers often complain about Amazon’s marketplace policy, and sometimes threaten to stop selling there altogether. Even politically, Amazon has butted heads with city officials in Seattle and New York, while politicians on both sides are calling for tighter regulatory scrutiny on its business.

Wall Street doesn’t seem to care.

For the fourth straight month, all 45 analysts with ratings on Amazon’s stock recommend buying it, according to FactSet. That makes Amazon one of only three companies in the S&P 500, alongside Assurant and Diamondback Energy, to have perfect “buy” ratings. Even following last month’s earnings miss and lower-than-expected guidance, Amazon’s stock barely moved and didn’t see a single downgrade on its rating. Its stock is up 20% this year, outpacing the 16% rise of the broader S&P 500 index.

“Amazon is expected to make more enemies as they grow larger,” said Loop Capital’s Anthony Chukumba, who raised his price target to $2,380 in May. “But none of this really concerns me — everybody hates Goliath.”

Chukumba said the hostile reaction is only natural as Amazon has become a dominant force and is known for its almost limitless ambition. But the animosity is having little effect on his investment decision because he doesn’t believe any of it is going to have a significant impact on Amazon’s long-term financial prospects.

“That’s what it really comes down to,” Chuckumba said, referring to Amazon’s continued growth. “The track record speaks for itself.”

In a series of statements, Amazon noted that AWS retains many retail customers, and that third-party sales on Amazon.com are growing faster than Amazon’s first-party sales.


Company: cnbc, Activity: cnbc, Date: 2019-08-11  Authors: eugene kim
Keywords: news, cnbc, companies, politicians, sales, sp, friends, quest, months, leaving, amazons, constant, amazon, stock, growth, retail, wall, really, ratings, street


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