These five companies reporting earnings in the week ahead almost always beat the Street

Of the hundreds of big companies set to report earnings next week, there are five key names that investors should be focused on as these companies almost always top expectations. CNBC crunched the numbers using data from Bespoke Investment Group and found five stocks that nearly always beat Wall Street’s earnings forecasts. Plus, these companies normally trade positive after their surefire earnings beat.


Of the hundreds of big companies set to report earnings next week, there are five key names that investors should be focused on as these companies almost always top expectations.
CNBC crunched the numbers using data from Bespoke Investment Group and found five stocks that nearly always beat Wall Street’s earnings forecasts.
Plus, these companies normally trade positive after their surefire earnings beat.
These five companies reporting earnings in the week ahead almost always beat the Street Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-19  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, street, trade, wall, companies, beat, surefire, stocks, using, ahead, week, reporting, streets, earnings


These five companies reporting earnings in the week ahead almost always beat the Street

Of the hundreds of big companies set to report earnings next week, there are five key names that investors should be focused on as these companies almost always top expectations.

CNBC crunched the numbers using data from Bespoke Investment Group and found five stocks that nearly always beat Wall Street’s earnings forecasts. Plus, these companies normally trade positive after their surefire earnings beat.


Company: cnbc, Activity: cnbc, Date: 2020-01-19  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, street, trade, wall, companies, beat, surefire, stocks, using, ahead, week, reporting, streets, earnings


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

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


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


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

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

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

TE Connectivity

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

Guess

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

Synaptics

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

Goldman Sachs – Netflix, Buy rating

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

RBC – Lyft, Outperform rating

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

Wells Fargo – TE Connectivity, Overweight rating

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

Jefferies – Guess, Buy rating

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

KeyBanc – Synaptics Incorporated, Overweight rating


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


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Amazon reportedly wants to turn your hand into a credit card

People shop at the newly opened Amazon Go Store on May 07, 2019 in New York City. The cashier-less store, the first of this type of store, called Amazon Go, accepts cash and is the 12th such store in the United States located at Brookfield Place in downtown New York. The company already has major plans to expand its Amazon Go stores, which allow shoppers to buy without cashiers or checkout, as well as its voice payment service called Amazon Pay. Amazon will have to address concerns from card iss


People shop at the newly opened Amazon Go Store on May 07, 2019 in New York City.
The cashier-less store, the first of this type of store, called Amazon Go, accepts cash and is the 12th such store in the United States located at Brookfield Place in downtown New York.
The company already has major plans to expand its Amazon Go stores, which allow shoppers to buy without cashiers or checkout, as well as its voice payment service called Amazon Pay.
Amazon will have to address concerns from card iss
Amazon reportedly wants to turn your hand into a credit card Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-18  Authors: emma newburger
Keywords: news, cnbc, companies, wants, reportedly, credit, store, terminals, working, hand, turn, wall, company, amazons, street, stores, amazon, card


Amazon reportedly wants to turn your hand into a credit card

People shop at the newly opened Amazon Go Store on May 07, 2019 in New York City. The cashier-less store, the first of this type of store, called Amazon Go, accepts cash and is the 12th such store in the United States located at Brookfield Place in downtown New York.

Technology giant Amazon is working to allow customers to connect their credit card information to their hands, so that they can scan for purchases with their palms at checkout areas in physical stores, people familiar with the project told The Wall Street Journal.

While Amazon’s plan is in the early stages, the company has reportedly begun working with Visa on testing out the terminals, and has discussed the project with Mastercard, JPMorgan Chase, Wells Fargo and Synchrony Financial.

The company previously filed a patent for a “non-contact biometric identification system” that features a “hand scanner” to produce a picture of a person’s palm.

The news offers a look into Amazon’s ideas on transforming the way people shop in brick-and-mortar stores, and how it could work with credit card companies to further integrate itself into people’s financial lives.

The company already has major plans to expand its Amazon Go stores, which allow shoppers to buy without cashiers or checkout, as well as its voice payment service called Amazon Pay.

Amazon will have to address concerns from card issuers and customers over how terminals would detect fraud and the amount of personal information the company will receive from the scans.

Data collected from the terminals would be stored on Amazon’s cloud and used to study consumers’ Amazon.com spending habits, according to The Journal.

An Amazon spokesperson declined CNBC’s request to comment.

Read the full report in the Wall Street Journal


Company: cnbc, Activity: cnbc, Date: 2020-01-18  Authors: emma newburger
Keywords: news, cnbc, companies, wants, reportedly, credit, store, terminals, working, hand, turn, wall, company, amazons, street, stores, amazon, card


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Wall Street expects Boeing to take another big, ugly charge on 737 Max. BofA estimates total cost of crisis as high as $20 billion

He estimates the total cost of the grounding could reach $20 billion — excluding any settlements from lawsuits from crash victims’ families — if the planes return by June or July. Epstein estimates that about 40% of Boeing’s profits last year came from the Max. That’s assuming the planes return to service in April, she said. Even the planned pause in production won’t stop the cash drain and will cost Boeing $1 billion a month, estimates J.P. Morgan. Suppliers are walking a tightrope with the 737


He estimates the total cost of the grounding could reach $20 billion — excluding any settlements from lawsuits from crash victims’ families — if the planes return by June or July.
Epstein estimates that about 40% of Boeing’s profits last year came from the Max.
That’s assuming the planes return to service in April, she said.
Even the planned pause in production won’t stop the cash drain and will cost Boeing $1 billion a month, estimates J.P. Morgan.
Suppliers are walking a tightrope with the 737
Wall Street expects Boeing to take another big, ugly charge on 737 Max. BofA estimates total cost of crisis as high as $20 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: leslie josephs
Keywords: news, cnbc, companies, service, boeing, high, estimates, max, wall, cost, ugly, return, epstein, crisis, month, total, billion, job, street, expects, planes


Wall Street expects Boeing to take another big, ugly charge on 737 Max. BofA estimates total cost of crisis as high as $20 billion

A year ago, Boeing posted record revenues topping $100 billion with hopes of delivering a chart-topping number of airplanes in 2019, including hundreds of 737 Max jetliners.

The news isn’t going to be so rosy on its fourth-quarter earnings call this year. Those bestselling planes were grounded worldwide in March after the second of two fatal crashes that claimed 346 lives. The crisis cost former CEO Dennis Muilenburg his job, prompted Boeing to suspend production of the planes, drove down orders to the lowest level in decades, hurt its supply chain, and wracked up costs that are now around $10 billion. Wall Street is expecting more bad news.

The Jan. 29 earnings call will be the first for new CEO Dave Calhoun, who took the helm on Monday, days after the company released a trove of shocking internal messages that showed employees dissing regulators and airlines and boasting about getting them to approve less time-consuming training. One showed employees complaining that Lion Air, the operator of the first 737 Max that crashed, wanted simulator training for pilots before they flew the planes.

Calhoun is tasked with cleaning up Boeing’s culture, improving employee morale and repairing damaged relationships with regulators and airlines.

“Many of our stakeholders are rightly disappointed in us, and it’s our job to repair these vital relationships,” Calhoun told Boeing employees on his first day. “We’ll do so through a recommitment to transparency and by meeting and exceeding their expectations. We will listen, seek feedback, and respond — appropriately, urgently and respectfully.”

Jeff Windau, industrials analyst at Edward Jones, said he hopes the call will shed some light on the company.

“It would be nice to get some candid comments,” he said. “I’m not expecting a date [of the return to service] but it would be nice to get some indication where they’re at.”

Several Wall Street analysts now expect Boeing, which reports full-year and fourth-quarter earnings on Jan. 29, to take additional charges related to the troubled airplane. The company took a $5.6 billion pretax charge in July to compensate airlines and other customers for the grounding, which is now in its 11th month.

“They’re going to have to pay more,” said Ron Epstein, aerospace analyst at Bank of America Merrill Lynch. He estimates the total cost of the grounding could reach $20 billion — excluding any settlements from lawsuits from crash victims’ families — if the planes return by June or July. Epstein estimates that about 40% of Boeing’s profits last year came from the Max.

Moody’s Investors Service said it was putting Boeing’s debt on a review for a possible downgrade, less than a month after cutting its credit rating by one-notch, as the crisis wears on longer than expected. The lower the credit rating, the more expensive it is for Boeing to borrow. Boeing, which declined to comment on a potential charge, has previously said it would tap the debt markets if it needs more cash to cover the costs of the crisis.

Sheila Kahyaoglu, aerospace and defense analyst at Jefferies, estimated this week that the charges for aircraft customers’ compensation is likely to rise to $11 billion, and that some of that will be reported later this month. That’s assuming the planes return to service in April, she said.

The Wall Street estimates for its earnings vary widely — from a loss of 23 cents a share to a profit of as much as $2.52 a share, according to analysts polled by Refinitiv. On average, analysts expect the Chicago-based company to report a profit of $1.53 a share — a 72% decline from a year earlier. They estimated a more than 26% drop in revenue to $20.8 billion.

Earlier this month, Boeing threw airline customers another curve ball: It’s recommending additional simulator training for pilots on the Max, a reverse of its previous stance and a step that promises to further delay the planes return to service and drive up costs.

As of Thursday, all U.S. airlines with Maxes in their fleets — American, Southwest and United — have pulled the planes from their schedules until early June, a delay that’s threatening to last until the peak travel season of late spring and the summer.

Analysts are also looking for news on how Boeing will manage its supply chain. Spirit Aerosystems, which makes fuselages and other parts for the planes, announced initial job cuts of 2,800 people last week. Moody’s downgraded its debt to junk territory.

Even the planned pause in production won’t stop the cash drain and will cost Boeing $1 billion a month, estimates J.P. Morgan.

“It doesn’t give you the warm and fuzzies when Spirit lays off 2,800 people,” said BofA’s Epstein. Suppliers are walking a tightrope with the 737 Max, because they don’t want to lack workers when Boeing can resume production. “It’s a tight job market and I’m sure there are a lot to companies that would like to hire them,” Epstein added.

Investors are also closely watching Calhoun for cues about Boeing’s bigger picture. The company has faced problems with its KC-46 refueling tanker. Because it’s hobbled by the 737 Max issues, Boeing hasn’t been able to move forward with a new middle-market airplane, giving a bigger lead to rival Airbus, which recently won orders for its forthcoming long-range, single-aisle plane from airlines including American and United. And the scrutiny of the Max could become more time consuming when regulators review its wide-body Boeing 777X.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: leslie josephs
Keywords: news, cnbc, companies, service, boeing, high, estimates, max, wall, cost, ugly, return, epstein, crisis, month, total, billion, job, street, expects, planes


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

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


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


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

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

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

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

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

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

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

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

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

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

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

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

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


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


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

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


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


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

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

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

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

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

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

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

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

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

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

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

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


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


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

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


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


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

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

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

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

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

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

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

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

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


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


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Labor Department makes change to the way jobs data is released, aimed at hedge funds, media

The Labor Department is changing the way it will release economic reports to the public, in an effort to tighten security it says gave Wall Street traders an unfair advantage. In an announcement Thursday, the department said it no longer will allow computers in the lockups it hosts for credentialed press. Media members have access ahead of time to reports, in particular the monthly nonfarm payrolls count, in a room with no outside access. The department previously had prohibited outside devices


The Labor Department is changing the way it will release economic reports to the public, in an effort to tighten security it says gave Wall Street traders an unfair advantage.
In an announcement Thursday, the department said it no longer will allow computers in the lockups it hosts for credentialed press.
Media members have access ahead of time to reports, in particular the monthly nonfarm payrolls count, in a room with no outside access.
The department previously had prohibited outside devices
Labor Department makes change to the way jobs data is released, aimed at hedge funds, media Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: jeff cox
Keywords: news, cnbc, companies, data, makes, released, hedge, labor, access, room, spokesman, traders, street, rules, media, funds, department, way, reports, wall, report, jobs


Labor Department makes change to the way jobs data is released, aimed at hedge funds, media

The Labor Department is changing the way it will release economic reports to the public, in an effort to tighten security it says gave Wall Street traders an unfair advantage.

In an announcement Thursday, the department said it no longer will allow computers in the lockups it hosts for credentialed press. Media members have access ahead of time to reports, in particular the monthly nonfarm payrolls count, in a room with no outside access. Print and digital outlets are allowed to file stories precisely at 8:30, while broadcast networks have their own lockups after which they can report the news.

The changes are aimed at news organizations that sell the information from the reports to high-speed traders, according to a senior department official who spoke on condition of anonymity. While the spokesman denied that the new rules are aimed at any one outlet, one media firm that this pertains to is Bloomberg News, whose founder, Michael Bloomberg, is running for president as a Democrat.

As a practical matter, the new rules will most impact print and digital, who won’t have access to devices to file stories immediately after the jobs report, which is closely watched on Wall Street and often moves markets.

The department previously had prohibited outside devices like laptops, tablets and smart watches from the lockup room. It did, however, allow journalists to work at DOL computers whose online access was shut down during the lockups.

There was no apparent recent provocation for the move. The department spokesman said the impetus came instead from the department’s inspector general.

The changes will take effect March 1.


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: jeff cox
Keywords: news, cnbc, companies, data, makes, released, hedge, labor, access, room, spokesman, traders, street, rules, media, funds, department, way, reports, wall, report, jobs


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Stocks making the biggest moves premarket: Bank of America, UnitedHealth, Goldman, Target & more

Check out the companies making headlines before the bell:Bank of America (BAC) – Bank of America reported fourth-quarter earnings of 74 cents per share, 6 cents a share above estimates. Revenue also came in above Wall Street forecasts, boosted by increasing inflows into its exchange-traded funds as well as its cash-management business. Revenue beat estimates, with record consumer and wealth management revenues as well as record assets under management. UnitedHealth (UNH) – The health insurer rep


Check out the companies making headlines before the bell:Bank of America (BAC) – Bank of America reported fourth-quarter earnings of 74 cents per share, 6 cents a share above estimates.
Revenue also came in above Wall Street forecasts, boosted by increasing inflows into its exchange-traded funds as well as its cash-management business.
Revenue beat estimates, with record consumer and wealth management revenues as well as record assets under management.
UnitedHealth (UNH) – The health insurer rep
Stocks making the biggest moves premarket: Bank of America, UnitedHealth, Goldman, Target & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: peter schacknow
Keywords: news, cnbc, companies, goldman, bank, management, revenue, share, moves, estimates, premarket, america, stocks, unitedhealth, wall, street, reported, cents, making, biggest, earnings, target


Stocks making the biggest moves premarket: Bank of America, UnitedHealth, Goldman, Target & more

Check out the companies making headlines before the bell:

Bank of America (BAC) – Bank of America reported fourth-quarter earnings of 74 cents per share, 6 cents a share above estimates. Revenue came in above estimates as well, helped by a 25% jump in fixed income, currency, and commodities revenue.

BlackRock (BLK) – The asset management firm earned $8.34 per share for the fourth quarter, compared to a consensus estimate of $7.69 a share. Revenue also came in above Wall Street forecasts, boosted by increasing inflows into its exchange-traded funds as well as its cash-management business.

Goldman Sachs (GS) – Goldman reported GAAP earnings of $4.69 per share, compared to a consensus estimate of $5.47, but the GAAP number includes a sizeable litigation charge which – if excluded – would put Goldman’s EPS above estimates. Revenue beat estimates, with record consumer and wealth management revenues as well as record assets under management.

Target (TGT) – The retailer’s holiday season sales were up 1.4%, a result Target is calling “disappointing.” CEO Brian Cornell said the company faced challenges in some key merchandise categories. Target reaffirmed its prior fourth-quarter earnings guidance, however.

UnitedHealth (UNH) – The health insurer reported quarterly earnings of $3.90 per share, 12 cents a share above estimates. Revenue was slightly below forecasts. UnitedHealth got a boost from higher revenue at its Optum pharmacy benefits management unit.

Beyond Meat (BYND) – Beyond Meat struck a pea protein supply deal with ingredients supplier Roquette Freres, expanding an existing partnership and helping the plant-based burger maker avoid shortages.

Microsoft (MSFT) – Microsoft released a patch for a Windows 10 security flaw discovered by the National Security Agency. Both Microsoft and the NSA said there is no evidence the flaw had actually been used for any malicious purposes.

Nektar Therapeutics (NKTR) – Nektar withdrew its application for its opioid painkiller designed to treat chronic low back pain. The move comes after a Food and Drug Administration panel unanimously voted against recommending the drug’s approval.

ViacomCBS (VIACA) – ViacomCBS has reportedly hired George Cheeks, the vice chairman of Comcast’s (CMCSA) NBCUniversal Contest Studios, to fill a senior executive role. That’s according to The Wall Street Journal, which said Cheeks could ultimately succeed Joe Ianniello as head of the company’s CBS network. Comcast is the parent company of NBCUniversal and CNBC.

PG&E (PCG) – PG&E is near a deal with investment firm Pimco and Elliott on a restructuring plan, according to a Bloomberg report. The agreement is said to give creditors of the utility a mix of equity and new debt if they abandon their rival restructuring plan.


Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: peter schacknow
Keywords: news, cnbc, companies, goldman, bank, management, revenue, share, moves, estimates, premarket, america, stocks, unitedhealth, wall, street, reported, cents, making, biggest, earnings, target


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JP Morgan beats analysts’ estimate for fourth-quarter profit on record Wall Street revenue

J.P. Morgan Chase posted profit and revenue that exceeded analysts’ expectations on a surge in trading revenue at the end of 2019. The bank said Tuesday that fourth-quarter profit rose 21% to $8.52 billion, or $2.57 a share, compared to the $2.35 estimate of analysts surveyed by Refinitiv. CEO Jamie Dimon noted that his investment bank produced record revenue for a fourth quarter, aided by a rebound in trading revenue. CFO Jennifer Piepszak said last month that trading revenue was “meaningfully”


J.P. Morgan Chase posted profit and revenue that exceeded analysts’ expectations on a surge in trading revenue at the end of 2019.
The bank said Tuesday that fourth-quarter profit rose 21% to $8.52 billion, or $2.57 a share, compared to the $2.35 estimate of analysts surveyed by Refinitiv.
CEO Jamie Dimon noted that his investment bank produced record revenue for a fourth quarter, aided by a rebound in trading revenue.
CFO Jennifer Piepszak said last month that trading revenue was “meaningfully”
JP Morgan beats analysts’ estimate for fourth-quarter profit on record Wall Street revenue Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: hugh son
Keywords: news, cnbc, companies, estimate, quarter, income, fourthquarter, billion, revenue, profit, trading, interest, bank, street, beats, fourth, morgan, wall, record


JP Morgan beats analysts' estimate for fourth-quarter profit on record Wall Street revenue

J.P. Morgan Chase posted profit and revenue that exceeded analysts’ expectations on a surge in trading revenue at the end of 2019.

The bank said Tuesday that fourth-quarter profit rose 21% to $8.52 billion, or $2.57 a share, compared to the $2.35 estimate of analysts surveyed by Refinitiv. Managed revenue climbed 9% to $29.2 billion, compared with the $27.94 billion estimate. Shares of the bank gained 1.9% in early trading Tuesday.

CEO Jamie Dimon noted that his investment bank produced record revenue for a fourth quarter, aided by a rebound in trading revenue. For the full year, profit of $36.4 billion was a record as well.

“JPMorgan Chase produced strong results in the fourth quarter of 2019, capping off a solid year for the firm where we achieved many records, including record revenue and net income,” Dimon said in the release. “While we face a continued high level of complex geopolitical issues, global growth stabilized, albeit at a lower level, and resolution of some trade issues helped support client and market activity towards the end of the year.”

CFO Jennifer Piepszak said last month that trading revenue was “meaningfully” higher in the fourth quarter versus a year ago. The rebound comes from the industry’s’ fixed-income trading operations, projected to rise 25% on average, versus a 3% bump in stock trading revenue, KBW analyst Brian Kleinhanzl wrote last month.

Bank stocks finished 2019 on a tear, outpacing the broader stock indices in the fourth quarter as investors rushed into an under-owned sector. J.P. Morgan, in particular, surged last year, climbing about 40%, a sharp move higher than prompted some analysts to cut their recommendations based on valuation.

But banks may face pressure this year as interest rates stay low or are even slashed further. The Federal Reserve cut its benchmark rates for the third time in October, and that pressures net interest income, or the revenue that banks garner from collecting loan payments, minus the interest it pays to depositors.

Here’s what Wall Street expected:

Earnings: $2.35 a share, a 19% increase from a year earlier, according to Refinitiv.

Revenue: $27.94 billion, a 4.2% increase from a year earlier.

Net Interest Margin: 2.37%, according to FactSet

Trading Revenue: Fixed income $2.61 billion, Equities $1.37 billion

This story is developing. Please check back for updates.


Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: hugh son
Keywords: news, cnbc, companies, estimate, quarter, income, fourthquarter, billion, revenue, profit, trading, interest, bank, street, beats, fourth, morgan, wall, record


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