China signals slight Covid policy easing, without any major change

Customers dine in at a McDonald’s in Guangzhou on Dec. 1, 2022, a day after the city eased Covid restrictions on restaurant operations. Yin Hon Chow | CNBC BEIJING — A trickle of changes around China’s Covid controls in the last 24 hours has raised hopes that broader relaxation is on its way. Local state … Read more

Stocks that top tech investor Paul Meeks is buying

It has been a rough year for the tech sector, as investors pulled out of growth stocks such as tech amid soaring inflation, interest rate hikes and other headwinds that have left investors clamoring for safer bets. The tech-heavy Nasdaq Composite is down around 30% this year. That’s worse than the broad-based S & P … Read more

Energy stocks could double next year even in a flat market, according to Fundstrat’s Tom Lee

Oil was one of the biggest market headwinds earlier this year, but even as it turns into a tailwind, it offers a key lesson for investors, according to Fundstrat’s Tom Lee. “For many years, our clients thought energy was a group that they could ignore because the world was moving towards renewables,” he said in … Read more

Deutsche Bank upgrades UPS, says macro concerns are now fully priced into the stock

Deutsche Bank is changing its perspective on United Parcel Service, believing macro concerns are now priced into the stock. Analyst Amit Mehrotra upgraded shares of the transport company to buy from hold and lifted the bank’s price target to $220 from $197 a share. The new target implies upside of 22.3% from Monday’s close of … Read more

Strong labor report could bring bigger Fed hikes

CNBC’s Jim Cramer on Monday told investors that a key labor report could help drive the Federal Reserve’s inflation strategy. “We need to see the unemployment rate go higher, while wages remain stable and we get meaningful layoffs in some industries. If that doesn’t happen, if the numbers are truly strong, then the Fed heads … Read more

China might not make major changes to its Covid policy any time soon

A couple pass necessities over a Covid lockdown barrier in Guangzhou city on Nov. 17, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China won’t likely make major changes to its Covid policy in the near future despite this weekend’s protests, analysts said. One of the reasons for public unrest was the … Read more

CIO shares stock picks to weather volatility in policy and inflation

Overly loose fiscal and monetary policy during Covid-19 was a “mistake,” according to the chief investment officer of asset management firm Antipodes Partners. Jacob Mitchell told CNBC’s “Street Signs Europe” Friday he expects to see a flip back to central banks “loosening policy aggressively” within 12 to 18 months to deal with the recessions seen … Read more

Retail expert Dana Telsey breaks down the holiday season’s potential winners and losers

This holiday season, Telsey Advisory Group CEO Dana Telsey expects more in-store shoppers and a movement away from spending on home improvement to clothing and beauty as consumers exit the pandemic mindset. But not all retail companies are on equal footing. “I think this holiday season’s gonna be about in-person shopping,” Telsey said on “Squawk … Read more

Mainland China’s total daily Covid cases soar above Shanghai lockdown highs

Only a few vehicles, including one with two health workers, drive through Beijing’s central business district on Nov. 23, 2022, as the area has announced tighter Covid controls. Kevin Frayer | Getty Images News | Getty Images BEIJING — Mainland China reported more than 31,000 Covid infections for Wednesday, including cases without symptoms. That surpassed … Read more

Watch all of Tuesday’s big stock calls on CNBC

Market Movers rounds up the best trade ideas from investors and analysts throughout the day. The pros discussed Best Buy. The stock popped more than 12% after the electronics retailer beat on earnings and revenue expectations for its fiscal third quarter. The experts also talked about Zoom. On Monday, the video-conferencing company announced weaker guidance … Read more