Club names that have been big winners before

Club names that have been big winners before

Strange but true: The S&P 500 has been solidly higher 12 months after the midterm elections in every cycle since 1954, according to Yardeni Research, regardless of which party won or lost. The broad market index’s average one-year gain in 17 post-election windows has been around 15%. These facts are on our minds this Election … Read more

Stocks mixed, China hopes, buys Coterra

Stocks mixed, China hopes, buys Coterra

Every weekday, the CNBC Investing Club with Jim Cramer hosts a “Morning Meeting” live stream at 10:20 a.m. ET. Here’s a recap of Friday’s highlights. Stocks shaky Club stocks soar China vaccine news Buys more CTRA 1. Stocks shaky Stocks were mixed in midday trading Friday after rallying this morning after four consecutive days of … Read more

Beijing Allowing BioNTech Covid Vaccine Increases Our China-Linked Stocks

Beijing Allowing BioNTech Covid Vaccine Increases Our China-Linked Stocks

Estee Lauder ( EL ) and other club stocks with meaningful exposure to the Chinese economy jumped Friday on news that BioNTech’s ( BNTX ) Covid vaccine will soon be available to foreign residents living in China. We are cautiously optimistic about vaccine development, raising hopes that Beijing will soften its restrictive pandemic policies after … Read more

Starbucks ( SBUX ) solid Q4 earnings, guidance despite China move

Starbucks ( SBUX ) solid Q4 earnings, guidance despite China move

Club parent Starbucks ( SBUX ) reported strong fiscal fourth-quarter results after the closing bell on Thursday, giving us confidence that demand can withstand softness in the global economy and China’s continued adherence to its zero-Covid policy. Revenue rose to a quarterly record of $8.4 billion, beating expectations of $8.31 billion. The adjusted earnings per … Read more

Starbucks ( SBUX ) fourth quarter 2022 earnings beat estimates

Starbucks ( SBUX ) fourth quarter 2022 earnings beat estimates

Starbucks on Thursday reported quarterly earnings and revenue that topped analysts’ estimates, driven by U.S. customers spending more on their orders. Shares rose 2.3% in after-hours trading on the earnings report. Here’s what the company reported for the quarter ended Oct. 2 compared to what Wall Street expected, based on a survey of analysts by … Read more

Fidelity is the latest employer to offer free college education to workers

Fidelity is the latest employer to offer free college education to workers

Despite growing economic uncertainty, employers are still waging a war for talent and employees are on the rise. Now, more companies are expanding their benefits offerings with free college programs to attract and retain employees. Most recently, Fidelity Investments said it will offer fully funded bachelor’s degree programs to 18,000 employees, including entry-level customer service … Read more

Bullish on Estee Lauder, Starbucks as China holds back earnings

Bullish on Estee Lauder, Starbucks as China holds back earnings

Wall Street worried China’s draconian Covid-19 restrictions — which have weighed on the world’s second-largest economy for nearly three years — could drag down earnings at Estee Lauder ( EL ) and Starbucks ( SBUX ) when the two U.S. companies report this week. At the club, we have also tempered our expectations in light … Read more

The Fed could lay groundwork for a year-end rally in the week ahead

The Fed could lay groundwork for a year-end rally in the week ahead

Stocks are set to exit October with a tail wind but will immediately face a Federal Reserve meeting in the first days of November that could help decide the course of trading for the rest of the year. The Fed is widely expected to raise its target fed funds rate by three-quarters of a point … Read more

There may be “real signs” that the Fed will slow down

There may be “real signs” that the Fed will slow down

CNBC’s Jim Cramer said Friday that next week’s jam-packed week of earnings and economic data could result in good news for the Federal Reserve’s fight against inflation. “This market is trading like next week, we will see some real signs that the Fed is winning its war on inflation and therefore they may ease rate … Read more

New shares, 2 trades, earnings overview

New shares, 2 trades, earnings overview

Every weekday, the CNBC Investing Club with Jim Cramer hosts a “Morning Meeting” live stream at 10:20 a.m. ET. Here’s a recap of Friday’s highlights. Looking for new names We made 2 trades Earnings Summary 1. Looking for new names Stocks rose on Friday, with the Dow Jones Industrial Average up nearly 2%. And we … Read more