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Oil companies are giving back tons of cash — and other things we’ve learned this earnings season
A trader works at the New York Stock Exchange NYSE in New York, the United States, May 18, 2022. U.S. stocks plummeted on Wednesday as weak earnings from major retailers stoked concerns about the impact of inflation. Michael Nagle | Xinhua News Agency | Getty Images Source
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CEOs send mixed signals about consumer spending as split emerges between income levels
If the signals you’re getting about the U.S. consumer seem mixed, there could be a very good reason for that: They are. In recent earnings conference calls, CEOs have been presenting more evidence that consumer spending patterns are bifurcating. Despite rampant inflation, the high-end consumer is remaining strong, but the low-end consumer is starting to […]
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LVMH buys California wine giant Joseph Phelps as high-end drinks market soars
LVMH’s Moet Hennessy division on Wednesday announced it has acquired California wine-maker Joseph Phelps Vineyards, as the French luxury goods giant continues to broaden its drinks portfolio. The deal delivers Moet one of the best-known California wine makers, famous for its red table wines and premium Insignia label, and deepens its foothold in the U.S., […]
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Morgan Stanley says investors can weather a ‘prolonged storm’ with these global stocks
European companies have never been richer, according to Morgan Stanley , and are ready to splash the cash — including distributing part of it to shareholders. The Wall Street bank has named a raft of stocks that have strong balance sheets and resilient cash flows and are set to return excess cash to shareholders through […]
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‘Fallen angels’: Morgan Stanley says buy the dip on these 5 global stocks
Global markets have been slammed by a slew of macro headwinds, but Morgan Stanley sees opportunities for investors to pile into “fallen angels” — stocks which the bank thinks have sold off materially and now look attractive. With the MSCI Europe down nearly 14% this year, Morgan Stanley believes European stocks have been oversold, with […]
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Thousands of people are leaving Hong Kong — and now it’s clear where they’re going
They stuck it out during the political protests of 2019. Then they lasted through nearly two years of pandemic. But this year, they say they’ve had enough. Residents of Hong Kong are leaving the city in droves in 2022 — not because they want to, several told CNBC, but because Covid restrictions and what they see […]
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Strategists pick their top stocks to beat rising prices and slowing growth — including some they say are ‘extremely cheap’
The global economy is beset with rising inflation and slowing growth. Here, CNBC Pro sifts through recent research notes to identify strategists’ top stocks in this tricky environment. The U.S. Federal Reserve hiked rates in March for the first time in more than three years, and announced a further 50-basis-point hike earlier this month . […]
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These stocks could provide ‘downside protection’ as inflation soars, Bernstein says
As surging inflation puts significant pressure on margins, Bernstein names stocks with pricing power that could outperform. Source
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The path to profitability: Why some struggling resale names could triumph in the long-run
Resale is becoming an increasingly popular option for socially conscious consumers, but stocks in the sector have plummeted post-IPO. Source
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Bernstein says these global stock picks will outperform — even as inflation fears grow
Bernstein has a raft of global stock picks to navigate higher-for-longer inflation. Source
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