Pinterest plunges after earnings but Wall Street analysts are sticking with the stock

Wall Street analysts are sticking with Pinterest despite a very rocky first earnings report Thursday after the bell. Analysts at UBS noted Pinterest is in a, “unique position,” in its space and reiterated its confidence in the company’s ability to execute over the long haul. “While its initial earnings report & forward commentary were roughly inline with Street estimates, we still see signs that PINS long-term narrative is solidly intact,” wrote UBS analyst Eric Sheridan in his recap not to clie


Wall Street analysts are sticking with Pinterest despite a very rocky first earnings report Thursday after the bell. Analysts at UBS noted Pinterest is in a, “unique position,” in its space and reiterated its confidence in the company’s ability to execute over the long haul. “While its initial earnings report & forward commentary were roughly inline with Street estimates, we still see signs that PINS long-term narrative is solidly intact,” wrote UBS analyst Eric Sheridan in his recap not to clie
Pinterest plunges after earnings but Wall Street analysts are sticking with the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: michael bloom
Keywords: news, cnbc, companies, plunges, analyst, ubs, stock, street, pinterest, wall, analysts, report, intact, view, trading, earnings, wasnt, sticking


Pinterest plunges after earnings but Wall Street analysts are sticking with the stock

Wall Street analysts are sticking with Pinterest despite a very rocky first earnings report Thursday after the bell. The social media platform posted a much bigger loss than many expected.

Most analysts feel the social media company, which went public last month, is on the right track and said to use the pullback as an opportunity to buy the shares.

“The stock could remain volatile near term, but management laid out a compelling roadmap that should ensure ongoing strong revenue growth and a route to attractive profitability over the medium term,” Atlantic Equities analyst James Cordwell said.

Shares plunged 15% in premarket trading Friday to $25.79, still above the stock’s $19 IPO price but just around its closing price on its first day of trading of $24.40.

The negative earnings headlines were mostly, “noise,” according to Baird analysts.

“Overall, fundamentals are intact, and we view significant near-term weakness as an attractive buying opportunity,” analyst Colin Sebastian said.

Analysts at UBS noted Pinterest is in a, “unique position,” in its space and reiterated its confidence in the company’s ability to execute over the long haul.

“While its initial earnings report & forward commentary were roughly inline with Street estimates, we still see signs that PINS long-term narrative is solidly intact,” wrote UBS analyst Eric Sheridan in his recap not to clients.

One analyst admitted the earnings report wasn’t great but wasn’t backing down from his buy rating.

“Though the headline outlook may have missed the mark, we believe expectations have been broadly reset for the rest of the year and our view on the long-term drivers of the business remain intact (and actually pulled in a bit),” Nomura analyst Mark Kelley said.

Here are what the major analysts are saying about Pinterest earnings:


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: michael bloom
Keywords: news, cnbc, companies, plunges, analyst, ubs, stock, street, pinterest, wall, analysts, report, intact, view, trading, earnings, wasnt, sticking


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In the battle of Trump personalities, ‘Tariff Man’ is winning, and Wall Street isn’t ready for it

Two of President Donald Trump’s priorities — a strong stock market and a tough China trade deal — are at odds. Year to date, Trump has tweeted about seven times per week on the subjects of China, trade and tariffs — the same average frequency for jobs, stocks and the economy. “Tariff Man,” as Trump once described himself, is winning the battle of the president’s personalities, and “Dow Man” is just going to have to take a back seat for a while. “It’s impossible — the risk reward here is that alm


Two of President Donald Trump’s priorities — a strong stock market and a tough China trade deal — are at odds. Year to date, Trump has tweeted about seven times per week on the subjects of China, trade and tariffs — the same average frequency for jobs, stocks and the economy. “Tariff Man,” as Trump once described himself, is winning the battle of the president’s personalities, and “Dow Man” is just going to have to take a back seat for a while. “It’s impossible — the risk reward here is that alm
In the battle of Trump personalities, ‘Tariff Man’ is winning, and Wall Street isn’t ready for it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: kate rooney
Keywords: news, cnbc, companies, china, wall, battle, president, research, presidents, economy, trump, winning, tariff, personalities, trade, street, policy, ready, trumps, isnt, tariffs, man


In the battle of Trump personalities, 'Tariff Man' is winning, and Wall Street isn't ready for it

Two of President Donald Trump’s priorities — a strong stock market and a tough China trade deal — are at odds. The conflict is frustrating Wall Street as it chases a moving target of pricing in a particular outcome. Traders are hanging on the president’s every word looking for an easing in his rhetoric and a potential softening in the ongoing trade war. If tweets are any indication, the president’s focus is shifting. In the past two weeks, his Twitter mentions of trade-related terms were double his mentions of the economy and stocks. Year to date, Trump has tweeted about seven times per week on the subjects of China, trade and tariffs — the same average frequency for jobs, stocks and the economy. During the week of May 5, though, his China and trade mentions rose to roughly 46 times, while he mentioned economy-related phrases about 17 times, according to analysis of his Twitter feed. There is some overlap, as he occasionally bundles multiple subjects in the same tweet. “Tariff Man,” as Trump once described himself, is winning the battle of the president’s personalities, and “Dow Man” is just going to have to take a back seat for a while.

‘It’s impossible’

Wall Street analysts find the job of predicting the president’s mindset on a daily basis for clients to be a difficult task. “It’s impossible — the risk reward here is that almost all of this is at the discretion of President Trump,” Raymond James Washington policy analyst Ed Mills said. “You can’t know entirely what his intentions are.” On one hand, Trump is appealing to his base with a tough stance on trade ahead of the 2020 election. But economists say less trade between the world’s largest economies threatens to dampen growth, at least in the near term.

That is taking a toll on global growth expectations and therefore the stock market. The Dow Jones Industrial Average — Trump’s go-to report card for a strong economy — dropped 600 points Monday following new rounds of retaliatory tariffs. It rallied on Tuesday on more trade optimism and again moved higher on Wednesday. Overall, the Dow is down a little more than 3% since Trump escalated the trade war 10 days ago by tweeting a threat to raise tariffs on China, which he followed through with on Friday. “The problem is that the president has two conflicting polls here,” Fundstrat Washington policy strategist Thomas Block told CNBC. “He obviously watches the Dow and has friends who probably call him up and say, ‘Donald, we’re getting killed’ — that’s why that’s one side of Donald Trump. But there has also emerged a very political side.” The political side has increased tariffs from 10% to 25% on $200 billion in Chinese imports. The U.S. is also taking necessary legal steps to slap another round of 25% tariffs on $300 billion of imports, which would happen in June at the earliest. Block highlighted uncertainty that he said is leading him to tell clients to “stay on the sidelines.” “If I felt I understood Donald Trump’s mind better than anybody else and had a high level of confidence about the outcome, Fundstrat would have to pay me more money than they could afford,” Block said. Block said his instinct is that “some sort of agreement” gets done around a June G-20 meeting. But he said Trump’s priorities, and therefore public stance, could change last minute.

‘Turn on a dime’

Isaac Boltansky, director of policy research for Compass Point Research & Trading, is also navigating this fickle market. He said clients are “cognizant of the fact that this narrative can turn on a dime.” “The near-term sentiment shift has been undeniably warranted given recent developments, but investors recognize that the president could change market sentiment with a single tweet,” Boltansky said. Trump rolled out the “Tariff Man” persona in a tweet in early December, a month that saw the S&P 500 drop 9.2% in its worst month since the financial crisis. But the approach has played to his base and is part of the campaign’s strategy heading into 2020. Trump is also using the stance as ammo against Democratic candidate and former Vice President Joe Biden, who supported the Trans-Pacific Partnership. “Tariffs are focused right at the electoral map of Trump, particularly farm states,” said Dan Clifton, a partner and head of policy research for Strategas Research Partners. “At the same time, Trump can make a convincing case that Biden has been weak on China, and a standoff with China benefits his re-election.”

China has responded to U.S. tariffs with its own hike on $60 billion worth of U.S. goods. That hits farmers at “every single angle,” according to an economist at the American Farm Bureau Federation. To curb the effect of Beijing’s retaliatory duties, Trump said this week that farmers would receive about $15 billion in aid. His campaign is betting that farmers will support Trump despite the hit to American agriculture. “A deal with China to end their bad behavior would provide even more long-term benefit to the economy,” Tim Murtaugh, the Trump campaign’s communications director, told CNBC. “Farmers are patriotic and understand that someone had to finally call China to account.” Murtaugh also pointed to a booming economy, another rallying point ahead of 2020. GDP growth in the first quarter grew by 3.2% — its best start to a year since 2015. In April, unemployment fell to its lowest level since 1969.

10% drop before he changes tune


Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: kate rooney
Keywords: news, cnbc, companies, china, wall, battle, president, research, presidents, economy, trump, winning, tariff, personalities, trade, street, policy, ready, trumps, isnt, tariffs, man


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Cramer: Wednesday’s ‘crazy session’ is a perfect example of the market’s new normal

A cross current of bad retail data and market-moving news out of the White House carried Wall Street higher on Wednesday, CNBC’s Jim Cramer said. “I want to walk you through what happened in this crazy session because it is a perfect encapsulation of the new normal.” Macy’s saw action during the session similar to Ralph Lauren’s the day prior, Cramer said. The Trump administration has imposed tariffs on 40% of imports from China and is considering slapping duties on the remaining 60%, Cramer sai


A cross current of bad retail data and market-moving news out of the White House carried Wall Street higher on Wednesday, CNBC’s Jim Cramer said. “I want to walk you through what happened in this crazy session because it is a perfect encapsulation of the new normal.” Macy’s saw action during the session similar to Ralph Lauren’s the day prior, Cramer said. The Trump administration has imposed tariffs on 40% of imports from China and is considering slapping duties on the remaining 60%, Cramer sai
Cramer: Wednesday’s ‘crazy session’ is a perfect example of the market’s new normal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: tyler clifford
Keywords: news, cnbc, companies, session, wall, white, crazy, wednesdays, chinese, today, cramer, normal, trump, trade, stocks, tariffs, street, example, markets, perfect


Cramer: Wednesday's 'crazy session' is a perfect example of the market's new normal

A cross current of bad retail data and market-moving news out of the White House carried Wall Street higher on Wednesday, CNBC’s Jim Cramer said.

The Dow Jones Industrial Average gained nearly 116 points Wednesday. The S&P 500 advanced 0.58%, while the Nasdaq Composite advanced 1.13%.

“We got a weird combination of tailwinds today … Turns out we can get good news, too, and some days like today the stock market actually makes sense,” the “Mad Money” host said. “I want to walk you through what happened in this crazy session because it is a perfect encapsulation of the new normal.”

The market had a rough opening after news that retail sales declined for the second time in three months, tallying a 0.2% fall in April. The weakness included autos, home centers and the internet stores, Cramer said.

That brought the benchmark 10-year Treasury to its lowest yield of the year at 2.37% and pushed buyers into stocks with safe, consistent dividends, he noted, including Kimberly-Clark and PepsiCo. Money also moved into Facebook, Amazon, Netflix and Google’s Alphabet, along with the financial technology plays of PayPal, Square Inc., Visa and MasterCard, he added.

Even health care stocks, which have been hurting amid calls from some Democratic presidential candidates for a single-payer system, rallied because the industry does well in a slowing economy, Cramer said.

Macy’s saw action during the session similar to Ralph Lauren’s the day prior, Cramer said. The department chain’s share price rallied after the company reported an earnings beat and recorded higher-than-expected sales in the morning, but the company ultimately revealed how vulnerable it is to tariffs and finished down 0.46%.

The Trump administration has imposed tariffs on 40% of imports from China and is considering slapping duties on the remaining 60%, Cramer said.

“If that happens, the analysts will have to slash their estimates on this one,” Cramer said. “Macy’s won’t be alone. Almost every retailer has some exposure because they’ve spent decades sourcing their merchandise from Chinese vendors in order to keep costs down. Now that’s blowing up in their faces.”

Later in the day, news broke that the White House plans to delay automotive tariffs by up to six months.

“I can’t overemphasize the importance of this leaked news,” Cramer said. “In one fell swoop, [President Donald] Trump went from being a hated protectionist, know-nothing to someone who might be cleverly assembling a coalition of the willing in the trade war against the Chinese, at least in the eyes of Wall Street.”

Furthermore, more CEOs of companies that deal with China are warming up to the action that Trump has taken on the country, Cramer said.

That includes Goldman Sachs CEO David Solomon, who on Tuesday tweeted: “Tariffs might be an effective negotiating tool.” Cramer also highlighted that New York Times foreign affairs columnist Tom Friedman, who is a proponent of globalization, came out in support of the trade war.

“To me, these represent tectonic shifts in the Wall Street consensus,” Cramer said. “I think it gives Trump a much better bargaining position versus the Chinese, and it certainly gave us higher stock prices.”


Company: cnbc, Activity: cnbc, Date: 2019-05-15  Authors: tyler clifford
Keywords: news, cnbc, companies, session, wall, white, crazy, wednesdays, chinese, today, cramer, normal, trump, trade, stocks, tariffs, street, example, markets, perfect


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Cramer: ‘I don’t trust this market at all’ because it’s so dependent on Trump tweets

“I don’t trust this market at all,” Cramer warned on “Squawk on the Street” as stock futures pointed to a higher Wall Street open, which in fact came to pass through the morning. Cramer said he was troubled by Trump’s barrage of tweets Tuesday, calling them “a little erratic,” including the one about the Federal Reserve. Trump is “really disturbing the zeitgeist of the stock market,” Cramer said. However, in light of the uncertainty around Trump’s new tweets, Cramer on Tuesday advised investors


“I don’t trust this market at all,” Cramer warned on “Squawk on the Street” as stock futures pointed to a higher Wall Street open, which in fact came to pass through the morning. Cramer said he was troubled by Trump’s barrage of tweets Tuesday, calling them “a little erratic,” including the one about the Federal Reserve. Trump is “really disturbing the zeitgeist of the stock market,” Cramer said. However, in light of the uncertainty around Trump’s new tweets, Cramer on Tuesday advised investors
Cramer: ‘I don’t trust this market at all’ because it’s so dependent on Trump tweets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: matthew j belvedere
Keywords: news, cnbc, companies, trumps, stock, worth, sp, trump, trust, dependent, wall, tweets, cramer, street, dont, market, 500


Cramer: 'I don't trust this market at all' because it's so dependent on Trump tweets

CNBC’s Jim Cramer voiced concern about the staying power of the stock market’s bounce Tuesday following President Donald Trump’s latest tweetstorm on China trade and Monday’s sharp decline.

“I don’t trust this market at all,” Cramer warned on “Squawk on the Street” as stock futures pointed to a higher Wall Street open, which in fact came to pass through the morning. “[Trump] has made it so we got to wait to be able to buy.”

Cramer said he was troubled by Trump’s barrage of tweets Tuesday, calling them “a little erratic,” including the one about the Federal Reserve.

Trump is “really disturbing the zeitgeist of the stock market,” Cramer said. “He should knock the tweets off if he wants the Dow to start going up, at least today.”

On “Mad Money” on Monday evening — after the Dow Jones Industrial Average and the S&P 500 each lost about 2.4% on China’s tariff response to last week’s U.S. hike — Cramer said Wall Street is nearly oversold and investors should get ready to load up on names that can withstand higher tariffs.

However, in light of the uncertainty around Trump’s new tweets, Cramer on Tuesday advised investors to let things shake out, saying there may be a buying opportunity in stocks later in the session.

In late morning trading, the S&P 500 was making up about half of Monday’s losses, which had sent the index down for a total of nearly 5% from its May 1 intraday all-time high. So far in 2019, the S&P 500 has gained about 13% — and since the crushing Christmas Eve 2018 low, the index has soared more than 20%.

On Monday, China said it will raise tariffs, some to as high as 25%, on $60 billion in U.S. goods, in retaliation for the Trump administration’s decision last week to increase duties on $200 billion worth of Chinese products from 10% to 25%.

Meanwhile, the Office of the U.S. Trade Representative is taking steps to prepare to slap tariffs on the remaining billions and billions of dollars worth of Chinese goods coming into the U.S.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: matthew j belvedere
Keywords: news, cnbc, companies, trumps, stock, worth, sp, trump, trust, dependent, wall, tweets, cramer, street, dont, market, 500


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Wall Street analysts are sticking by these stocks hit hard by the trade war

The Dow dropped a s much 719 points on Monday as the trade war continued its escalation but is higher in early trading on Tuesday. CNBC did a deep dive through sell-side stock research since the trade war escalated to find companies that analysts are singling out in their respective coverage universes. Wall Street analysts aren’t backing down from their buy ratings on stocks that have been hit hard in the latest trade battle between the U.S. and China. Wall Street will be watching Alibaba’s earn


The Dow dropped a s much 719 points on Monday as the trade war continued its escalation but is higher in early trading on Tuesday. CNBC did a deep dive through sell-side stock research since the trade war escalated to find companies that analysts are singling out in their respective coverage universes. Wall Street analysts aren’t backing down from their buy ratings on stocks that have been hit hard in the latest trade battle between the U.S. and China. Wall Street will be watching Alibaba’s earn
Wall Street analysts are sticking by these stocks hit hard by the trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: michael bloom
Keywords: news, cnbc, companies, war, sticking, buy, analysts, wall, earnings, trade, hard, street, tariffs, services, hit, chinese, china, company, stocks


Wall Street analysts are sticking by these stocks hit hard by the trade war

Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 26, 2018.

The Dow dropped a s much 719 points on Monday as the trade war continued its escalation but is higher in early trading on Tuesday.

CNBC did a deep dive through sell-side stock research since the trade war escalated to find companies that analysts are singling out in their respective coverage universes.

Wall Street analysts aren’t backing down from their buy ratings on stocks that have been hit hard in the latest trade battle between the U.S. and China. While the two countries continue slapping tariffs on each other, many analysts say clients should use the market weakness as a time to buy these beaten down shares because the risks are overblown.

Wall Street will be watching Alibaba’s earnings report on Wednesday for any signs of the trade war effect on the Chinese e-commerce giant.

The most recent actions by the White House have brought “greater uncertainty,” to the company, but SunTrust analysts are sticking with their buy rated call. “The latest data out of National Bureau of Statistics of China suggests that the macro environment has been improving, a positive for Chinese consumption, and for BABA in particular,” analyst Youssef Squali said.

“Long term we view BABA as a winner considering 1) its dominance of the Chinese ecom. mkt and the insatiable appetite for China’s growing middle class, 2) it’s a 25%+ compounder over the next 5 yrs (our ests), and 3) its portfolio of strategic invests,” he added.

Shares of the company are down 4% over the last week.

Apple has also been hit hard by the ongoing trade uncertainty, but Wedbush analysts say things might not be as bad as they appear.

“That said, for Apple in particular we believe the way things stand today the bark will be worse than the bite for Cupertino around China headwinds and we would be buyers of the name on weakness,” said analyst Dan Ives who’s keeping his outperform rating on the stock.

Apple, which was the worst performer on the Dow on Monday, is down more than 8% over the last week.

Despite the trade dispute, Credit Suisse analysts are not backing down from their calls on some business services stocks.

Alarm.com, provides cloud services for remote control home monitoring services and has an outperform rating at the firm.

The company recently reported earnings and stated that tariffs were indeed having an effect.

“ALRM highlighted on its most recent earnings call that higher tariffs have modestly impacted hardware sales,” analyst Kevin McVeigh said.

The stock is down more than 15% over the last week.

Here are other buy-rated stocks analysts are sticking by in the trade war:


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: michael bloom
Keywords: news, cnbc, companies, war, sticking, buy, analysts, wall, earnings, trade, hard, street, tariffs, services, hit, chinese, china, company, stocks


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FAA reportedly didn’t review crucial safety assessments of Boeing 737 Max system before fatal crashes

The Federal Aviation Administration’s internal probe of Boeing’s 737 Max approval process has reportedly found that senior agency officials failed to review key safety assessments of the plane’s flight-control system that was later implicated in two fatal crashes. The preliminary findings, reported by The Wall Street Journal, are the first to shed light on how the faulty design of the so-called MCAS system, which led to crashes that killed 346 people in October and March, remained in the Max fle


The Federal Aviation Administration’s internal probe of Boeing’s 737 Max approval process has reportedly found that senior agency officials failed to review key safety assessments of the plane’s flight-control system that was later implicated in two fatal crashes. The preliminary findings, reported by The Wall Street Journal, are the first to shed light on how the faulty design of the so-called MCAS system, which led to crashes that killed 346 people in October and March, remained in the Max fle
FAA reportedly didn’t review crucial safety assessments of Boeing 737 Max system before fatal crashes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: emma newburger
Keywords: news, cnbc, companies, boeings, shed, system, reportedly, fatal, wall, senior, crashes, socalled, review, safety, faa, crucial, street, didnt, max


FAA reportedly didn't review crucial safety assessments of Boeing 737 Max system before fatal crashes

The Federal Aviation Administration’s internal probe of Boeing’s 737 Max approval process has reportedly found that senior agency officials failed to review key safety assessments of the plane’s flight-control system that was later implicated in two fatal crashes.

The preliminary findings, reported by The Wall Street Journal, are the first to shed light on how the faulty design of the so-called MCAS system, which led to crashes that killed 346 people in October and March, remained in the Max fleet. Boeing’s Max jets have been grounded since March.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: emma newburger
Keywords: news, cnbc, companies, boeings, shed, system, reportedly, fatal, wall, senior, crashes, socalled, review, safety, faa, crucial, street, didnt, max


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Here’s what Wall Street thinks of the unfolding trade deal drama: ‘Potential for a bear market’

In a note to clients, Bank of America outlined three trade scenarios and its implications for the broader market. “The worst-case scenario: an all-out trade war, with tariffs on the remaining Chinese goods, retaliation from China, and an increased risk of auto tariffs that could push the global economy into recession,” wrote Savita Subramanian. “Under a deal, we expect the S&P 500 could rally above 3000 near-term…while under a full-fledged trade war, the S&P 500 could pull back 5-10% near-term


In a note to clients, Bank of America outlined three trade scenarios and its implications for the broader market. “The worst-case scenario: an all-out trade war, with tariffs on the remaining Chinese goods, retaliation from China, and an increased risk of auto tariffs that could push the global economy into recession,” wrote Savita Subramanian. “Under a deal, we expect the S&P 500 could rally above 3000 near-term…while under a full-fledged trade war, the S&P 500 could pull back 5-10% near-term
Here’s what Wall Street thinks of the unfolding trade deal drama: ‘Potential for a bear market’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: michael bloom, carlos barria
Keywords: news, cnbc, companies, street, drama, wall, china, war, expect, trump, tariffs, potential, market, trade, sp, marketthe, thinks, unfolding, bank, deal, heres


Here's what Wall Street thinks of the unfolding trade deal drama: 'Potential for a bear market'

In a note to clients, Bank of America outlined three trade scenarios and its implications for the broader market.

“The worst-case scenario: an all-out trade war, with tariffs on the remaining Chinese goods, retaliation from China, and an increased risk of auto tariffs that could push the global economy into recession,” wrote Savita Subramanian.

“Under a deal, we expect the S&P 500 could rally above 3000 near-term…while under a full-fledged trade war, the S&P 500 could pull back 5-10% near-term, with potential to enter a bear market.”

“The next focal point for markets will be whether we see Trump and Liu actually meet. As mentioned, a potential release valve for sentiment would be if Trump and Xi speak on the phone following Liu’s visit,” Deutsche Bank said.

“We expect China to hike retaliatory tariffs, and the US to begin the process of imposing tariffs on all other imports from China, but further US tariff increases are still unlikely in our view and would likely take a couple months to implement,” said Goldman Sachs chief economist Jan Hatzius.


Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: michael bloom, carlos barria
Keywords: news, cnbc, companies, street, drama, wall, china, war, expect, trump, tariffs, potential, market, trade, sp, marketthe, thinks, unfolding, bank, deal, heres


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Uber, volatility and trillion-dollar companies: The Reformed Broker Live on Twitter at 11amET

Today’s market conversation is going to be dominated by two things: The recent spate of volatility and the imminent public offering of Uber. Uber’s great challenge is to convince investors that ongoing losses are optimal for the company’s pursuit of dominant market share. It must also convince Wall Street that it is more than just a networked taxi and limousine service — and so you can expect to hear a lot about Uber Eats as well as experiments in freight and trucking. Investors want to know if


Today’s market conversation is going to be dominated by two things: The recent spate of volatility and the imminent public offering of Uber. Uber’s great challenge is to convince investors that ongoing losses are optimal for the company’s pursuit of dominant market share. It must also convince Wall Street that it is more than just a networked taxi and limousine service — and so you can expect to hear a lot about Uber Eats as well as experiments in freight and trucking. Investors want to know if
Uber, volatility and trillion-dollar companies: The Reformed Broker Live on Twitter at 11amET Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: josh brown
Keywords: news, cnbc, companies, reformed, wall, twitter, going, live, companies, uber, market, 11amet, convince, investors, recent, lyft, ongoing, volatility, trilliondollar, broker, theres


Uber, volatility and trillion-dollar companies: The Reformed Broker Live on Twitter at 11amET

Today’s market conversation is going to be dominated by two things: The recent spate of volatility and the imminent public offering of Uber.

And there’s some crossover between the topics.

Uber’s IPO may be raising less money than had originally been expected due to a cooling off of investor enthusiasm for stocks in general and for ride-hailing services in particular.

With Lyft currently selling for 27% less than it’s opening tick, there’s a bit of second-guessing going on among investors about whether or not these companies can continue to scale unprofitably.

Uber’s great challenge is to convince investors that ongoing losses are optimal for the company’s pursuit of dominant market share.

It must also convince Wall Street that it is more than just a networked taxi and limousine service — and so you can expect to hear a lot about Uber Eats as well as experiments in freight and trucking.

Lastly, the recent strikes by Lyft and Uber drivers may have cast a pall over the category in the media, but we’ll see if investors are concerned at all about this ongoing issue.

Investors want to know if Uber will turn into the next trillion-dollar company — a milestone Microsoft hit (albeit briefly) since our last show. We’ll be talking about that, too.

Dominic Chu and I want your questions on these topics. We’ll be answering your queries live on Twitter at 11 a.m. ET. Check it out here:


Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: josh brown
Keywords: news, cnbc, companies, reformed, wall, twitter, going, live, companies, uber, market, 11amet, convince, investors, recent, lyft, ongoing, volatility, trilliondollar, broker, theres


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Chevron, the loser in the Anadarko buyout battle, is actually a winner on Wall Street

Michael Wirth, CEO of Chevron, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Occidental Petroleum may have spoiled Chevron’s plans to acquire oil and gas driller Anadarko Petroleum, but Wall Street is not pronouncing the oil company the loser in the buyout battle. Several analysts are commending Chevron for declining to counter Occidental’s $38 billion bid for Anadarko. Chevron not only walks away with a $1 billion breakup fee, but showed investors it won’t sacrifice its bud


Michael Wirth, CEO of Chevron, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Occidental Petroleum may have spoiled Chevron’s plans to acquire oil and gas driller Anadarko Petroleum, but Wall Street is not pronouncing the oil company the loser in the buyout battle. Several analysts are commending Chevron for declining to counter Occidental’s $38 billion bid for Anadarko. Chevron not only walks away with a $1 billion breakup fee, but showed investors it won’t sacrifice its bud
Chevron, the loser in the Anadarko buyout battle, is actually a winner on Wall Street Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: tom dichristopher
Keywords: news, cnbc, companies, chevron, occidental, street, actually, offer, battle, petroleum, loser, bid, winner, billion, analysts, wall, oil, share, buyout, anadarko


Chevron, the loser in the Anadarko buyout battle, is actually a winner on Wall Street

Michael Wirth, CEO of Chevron, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019.

Occidental Petroleum may have spoiled Chevron’s plans to acquire oil and gas driller Anadarko Petroleum, but Wall Street is not pronouncing the oil company the loser in the buyout battle.

Several analysts are commending Chevron for declining to counter Occidental’s $38 billion bid for Anadarko. Chevron not only walks away with a $1 billion breakup fee, but showed investors it won’t sacrifice its budget sheet in a bidding war, the analysts say.

The San Ramon, California-based energy giant was under pressure to hike its original $65 per share offer into the $70s after the underdog Occidental sweetened its offer this week. For Occidental, funding a $76 per share bid relied in part on agreeing to a steep 8% annual payout to Warren Buffett in order to secure a $10 billion investment from the Oracle of Omaha.


Company: cnbc, Activity: cnbc, Date: 2019-05-09  Authors: tom dichristopher
Keywords: news, cnbc, companies, chevron, occidental, street, actually, offer, battle, petroleum, loser, bid, winner, billion, analysts, wall, oil, share, buyout, anadarko


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Here are the biggest analyst calls of the day: Boeing, Beyond Meat, Lululemon, Roku & more

Dennis Muilenburg, CEO of Boeing Inc. speaking at the Business Roundtable CEO Innovation Summit in Washington D.C. on Dec. 6th, 2018. Here are the biggest calls on Wall Street on Tuesday:Barclays downgraded Boeing to ‘equal weight’ from ‘overweight’Barclays said it believes that fliers will avoid the Boeing 737 Max when it’s back in service. “We expect the recovery of 737 MAX production to take longer than expected and our 2019-21 EPS & FCF forecasts are below consensus as a result. Our view is


Dennis Muilenburg, CEO of Boeing Inc. speaking at the Business Roundtable CEO Innovation Summit in Washington D.C. on Dec. 6th, 2018. Here are the biggest calls on Wall Street on Tuesday:Barclays downgraded Boeing to ‘equal weight’ from ‘overweight’Barclays said it believes that fliers will avoid the Boeing 737 Max when it’s back in service. “We expect the recovery of 737 MAX production to take longer than expected and our 2019-21 EPS & FCF forecasts are below consensus as a result. Our view is
Here are the biggest analyst calls of the day: Boeing, Beyond Meat, Lululemon, Roku & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: michael bloom
Keywords: news, cnbc, companies, roku, boeing, ceo, view, max, 737, washington, fliers, lululemon, biggest, calls, wall, weight, day, meat, avoid, analyst


Here are the biggest analyst calls of the day: Boeing, Beyond Meat, Lululemon, Roku & more

Dennis Muilenburg, CEO of Boeing Inc. speaking at the Business Roundtable CEO Innovation Summit in Washington D.C. on Dec. 6th, 2018.

Here are the biggest calls on Wall Street on Tuesday:

Barclays downgraded Boeing to ‘equal weight’ from ‘overweight’

Barclays said it believes that fliers will avoid the Boeing 737 Max when it’s back in service.

“We expect the recovery of 737 MAX production to take longer than expected and our 2019-21 EPS & FCF forecasts are below consensus as a result. Our view is informed by our survey that indicates a large portion of fliers are likely to avoid 737 MAX for an extended period beyond when the grounding is lifted.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: michael bloom
Keywords: news, cnbc, companies, roku, boeing, ceo, view, max, 737, washington, fliers, lululemon, biggest, calls, wall, weight, day, meat, avoid, analyst


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