Month: June 2022
JPMorgan picks stocks to play a part of China that’s flown under the radar
Consumers in China’s smaller cities are more willing to spend than those in large, well-known Chinese cities like Shanghai that have had to battle Covid this year, JPMorgan analysts said, citing an American consumer branding expert in China. “There is an untold story about the stronger economic growth outside [Tier] 1/2 cities, and in the […]
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‘Strong growth ahead’: Bank names its top EV battery stocks, giving one over 60% upside
Japanese investment bank Nomura has named the battery stocks it thinks are set to pop on rising electric vehicle adoption. The bank estimates that global EV penetration will reach 27.2% in 2030, up from 11.8% in 2022, driven by the “irreversible trend” for carbon neutrality. In a note from Jun. 22, Nomura’s analysts, led by […]
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Asia-Pacific stocks trade mixed as markets monitor recession concerns
SINGAPORE — Shares in the Asia-Pacific region were mixed on Friday as investors weigh recession fears. In Japan markets, the Nikkei 225 rose 0.13%, while the Topix declined 0.11%. South Korea’s Kospi gained 0.7%, and the Kosdaq advanced 1.34%. The S&P/ASX 200 in Australia slipped 0.21%. The New Zealand market is closed for a holiday […]
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BMW opens $2.2 billion EV plant in China as it ramps up challenge to Tesla, domestic players
German automaker BMW is ramping up production of electric vehicles in China as it looks to catch up with leaders Tesla and domestic rivals like BYD. The new plant in Shenyang is BMW’s third in China and brings its annual production capacity in the country to 830,000 cars. Anadolu Agency | Getty Images BMW has […]
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The market could reach an ‘investable’ bottom after analysts cut earnings estimates, Jim Cramer says
CNBC’s Jim Cramer on Thursday said that a possible upcoming slew of earnings estimate cuts from analysts could create a sell-off and an opportunity for investors to do some buying. “Over the next few weeks, before earnings season gets rolling, I expect the analysts to hit us with some preemptive estimate cuts while more companies […]
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Republicans lawmakers sought Trump pardons on heels of Jan. 6 Capitol riot, committee told
Excerpts from an email by U.S. Rep. Mo Brooks (R-AL) to former White House Chief of Staff Mark Meadows asking for pardons for members of Congress are shown on a screen during the fifth public hearing of the U.S. House Select Committee to Investigate the January 6 Attack on the United States Capitol, on Capitol […]
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Cramer’s lightning round: Nokia is ‘right to buy’
Nokia Corp: “I am hearing nothing but positives of late, for the last four weeks, about Nokia. … I think it’s right to buy.” Iron Mountain Inc: “I’ve been behind it because I like that dividend. … I think you’re okay in it.” Tattooed Chef Inc: “That’s a very hard call. Doesn’t make money, and […]
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JPMorgan midyear outlook shocker sees S&P 500 roundtrip to new record
The stock market will likely erase its 2022 losses in the second half as inflation declines and the U.S. economy skirts a recession, according to a top strategist at JPMorgan. Marko Kolanovic, who has remained bullish on stocks in recent months despite sharp declines, said in a note to clients on Thursday that he and […]
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Biden needs to work with big business to beat inflation and help the economy, Jim Cramer says
CNBC’s Jim Cramer on Thursday said President Joe Biden needs to team up with business leaders in order to bring inflation down and help the economy recover. “I’m always pointing out that the major problems come down to supply chain disruptions, a labor shortage, the war in Ukraine and the lockdowns in China. But I […]
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Stocks making the biggest moves midday: WeWork, Snowflake, United Airlines, Rite Aid and more
General view of WeWork Weihai Road flagship is seen on April 12, 2018 in Shanghai, China. World’s leading co-working space company WeWork will acquire China-based rival naked Hub for 400 million U.S. dollars. (Photo by Jackal Pan/Visual China Group via Getty Images) VCG | Getty Images Check out the companies making headlines in midday trading […]
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