Here’s where the jobs are for January 2023 — in one chart

The U.S. economy added far more jobs than expected in January, boosted by a jump in leisure and hospitality employment. That one service sector saw an increase of 128,000 jobs in the month, led by 99,000 positions at restaurants and bars alone, the Bureau of Labor Statistics said in a report released Friday. Employment at hotels continued to … Read more

View More Here’s where the jobs are for January 2023 — in one chart

Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies

Charlie Munger at the Berkshire Hathaway press conference, April 30, 2022. CNBC Berkshire Hathaway Vice Chairman Charlie Munger urged the U.S. government to ban cryptocurrencies, as China has done, arguing that a lack of regulation enabled wretched excess and a gambling mentality. “A cryptocurrency is not a currency, not a commodity, and not a security,” the 99-year-old Munger … Read more

View More Charlie Munger says the U.S. should follow in China’s footsteps and ban cryptocurrencies

Morgan Stanley analyst says these ‘undervalued’ bank stocks could rise 24%

The top picks of Morgan Stanley bank analyst Betsy Graseck are looking undervalued as the market rallies, she said Wednesday in a report. The shares of Graseck’s three overweight-rated banks, JPMorgan Chase , Wells Fargo and Regions Financial , have underperformed versus the S & P 500 since last month, when the companies released fourth-quarter … Read more

View More Morgan Stanley analyst says these ‘undervalued’ bank stocks could rise 24%

UBS downgrades Snap after earnings, says rising competition will keep pressure on stock

Snap may have trouble keeping up with ever-rising competition going forward, according to UBS. Analyst Lloyd Walmsley downgraded the social media company to neutral from buy. He also reiterated a price target of $10, which implies downside of 13.5% from Tuesday’s close, and trimmed his 2023 revenue outlook on Snap. “We see increasing competition everywhere,” analyst … Read more

View More UBS downgrades Snap after earnings, says rising competition will keep pressure on stock

Credit Suisse sees Apple beating the Street this week for a couple reasons

Credit Suisse is bullish on Apple shares as the tech company prepares to announce its earnings report this week. The bank reiterated Apple’s stock as outperform and maintained its price target of $184, which implies upside of 26% from where shares closed on Friday. Credit Suisse also held steady on its revenue estimate of $121.6 … Read more

View More Credit Suisse sees Apple beating the Street this week for a couple reasons

Cheap quality stocks offer a smoother ride, according to Trivariate Research

As investors worry about greater market volatility looming in 2023, Trivariate Research offers up some cheap, quality stocks that can be used to play defense. Stocks are off to a strong start in 2023, with all three major averages set to finish off a positive first month to the calendar year. Even so, the threat … Read more

View More Cheap quality stocks offer a smoother ride, according to Trivariate Research

Goldman Sachs CEO David Solomon gets 29% pay cut to $25 million after tough 2022

David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023.  Adam Galica | CNBC Goldman Sachs CEO David Solomon will get a $25 million compensation package for his work last year, the bank said Friday in a regulatory filing. The package includes a … Read more

View More Goldman Sachs CEO David Solomon gets 29% pay cut to $25 million after tough 2022

General Mills upgraded to buy at UBS after recent underperformance creates attractive entry point

General Mills was upgraded to buy from neutral at UBS, which said it’s optimistic about the outlook despite the stock’s rocky performance, and investor concerns are overblown. The Pillsbury and Cheerios maker’s stock has fallen 12% since mid-December, UBS said, vs. a 5% loss for peers, UBS said. “Investors are concerned that structural headwinds are … Read more

View More General Mills upgraded to buy at UBS after recent underperformance creates attractive entry point

BMO downgrades Ralph Lauren shares after 50% rally, citing ‘domestic pressures’

Ralph Lauren ‘s 50% rally in the past four months has gone too far, too fast, according to BMO Capital Markets, which downgraded the stock Friday to underperform. “Although we believe RL has among the group’s strongest brand/management team who essentially architected the Sell Less, Charge More strategy, shares are almost back to pandemic-peaks despite … Read more

View More BMO downgrades Ralph Lauren shares after 50% rally, citing ‘domestic pressures’

Analysts call Intel’s disappointing quarter an ‘historic collapse’ and ‘much worse than feared’

Intel’s dismal fourth-quarter earnings and poor outlook have analysts extremely bearish on the stock, as they were surprised at the magnitude of the weakness in the quarter and expect the chip maker’s difficulties to continue in 2023. Simply put: “That was indeed something,” Cowen analyst Matthew Ramsay wrote in a client note. “Somehow… It was … Read more

View More Analysts call Intel’s disappointing quarter an ‘historic collapse’ and ‘much worse than feared’