CNBC's Top States for Business: One more diabolical hint
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CNBC
5 hours ago
- CNBC
Global week ahead: Banking bellwethers and a tariffs waiting game
Next week, the CNBC teams are back on the road – and it's all about the banks and the ECB. From Frankfurt to Milan, and Paris to London, the financials are in focus. The markets seem to be banking on the financial sector to keep up the positive earnings momentum this quarter. Citi described the first quarter as "remarkably resilient," with analysts now expecting Stoxx 600 earnings-per-share growth to turn positive year-on-year this quarter. Much of that optimism is centered on the big banks, while other sectors like luxury, autos and energy have been plagued by earnings downgrades. Unicredit kicks things off on Wednesday. The Italian banking giant will try to keep investors focused on the numbers, rather than its M&A ambitions. While its moves around Commerzbank have seen it increase its equity stake to 20%, Saxo Bank analysts highlight the uncertainty around its potential takeover of Banco BPM, after an Italian court blocked the move until further conditions are met. The stock is up over 50% so far this year, providing some cheer for CEO Andrea Orcel as he battles to keep his expansion plans on track. French financial BNP Paribas — the euro zone's largest lender by assets — reports earnings on Thursday. Last quarter, the bank soared past expectations driven by performance at its investment bank, but revised its profitability target slightly lower. On the same day, attention will turn to Frankfurt for Deutsche Bank's latest set of numbers. The German lender logged its best profit in 14 years last quarter, benefiting from increased trading volumes around the market volatility. CEO Christian Sewing told CNBC in June that he sees an opportunity for Europe to invest more in its own defense sector as a key growth area. For macro-watchers, the highlight of the week in Europe will come from the European Central Bank. President Christine Lagarde and her fellow policymakers are expected to keep rates on hold at 2% on Thursday. But there is a BIG catch… U.S. President Donald Trump's tariff threats are not expected to derail this meeting's outcome, according to Reuters, citing five ECB governing council member sources. But if Trump does push ahead with 30% tariffs on EU imports, there is a broad assumption the ECB will cut rates in response. Investors will have until Sept. 11 to assess the impact, as the ECB breaks for the summer after this week's meeting. In terms of the underlying economic conditions, Deutsche Bank warns that European inflation risks are "still being underestimated, with a remarkable complacency across key assets," with the tariff impact yet to fully trickle through. The bank's macro strategist also told CNBC's Squawk Box Europe that the Aug. 1 tariff deadline for negotiations between the U.S. and EU sets the stage for a late outcome to trigger a "very sharp market reaction."
Yahoo
21 hours ago
- Yahoo
Analyst Highlights Netflix's (NFLX) ‘Biggest Advantage' – Can The Stock Keep Rising Amid Competition?
Netflix Inc (NASDAQ:NFLX) is one of the . MNTN CEO Mark Douglas recently talked about Netflix during a program on CNBC. He believes Netflix has an edge over its competitors. 'I think the biggest advantage Netflix Inc (NASDAQ:NFLX) always has, it's the first place most people think to go when they turn on their TV. And—and it's just an incredible advantage. We've talked about this before. It allows them to turn like a female fight, which typically in the past hasn't had great ratings, into the one of highest rated fights of all time, another form of their live content. So, as long as you have consumers coming to you first, you want a mixture of these top tier shows, but you also want new content that isn't that expensive to produce, like live programming, like dating shows, like, you know, soccer, football in Europe and things like that that you can produce and put out there and attract those viewers worldwide.' Netflix shares were in the red early Friday despite reporting a strong Q2. Revenue rose nearly 16% year over year and beat estimates, while operating margin climbed to 34.1% from 27.2%. The company raised its full-year revenue forecast to $44.8–$45.2 billion from $43.5 billion to $44.5 billion. The stock is up 44% so far this year. Netflix's P/E ratio of 60 is significantly higher than Disney's and Amazon's. Amid rising competition and high valuation, the stock could struggle to keep momentum in the absence of new catalysts. Photo by Souvik Banerjee on Unsplash ClearBridge Large Cap Growth Strategy stated the following regarding Netflix, Inc. (NASDAQ:NFLX) in its second quarter 2025 investor letter: 'Netflix, Inc. (NASDAQ:NFLX), one of the Strategy's largest active weights, saw its shares rise due to overall continued robust execution with double-digit revenue growth, driven by a balance of subscriber growth and price, and continued margin expansion. We took some profits in the position but remain confident in the company's long-term strategy, strong market position and attractiveness of the global streaming market.' While we acknowledge the potential of NFLX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Yahoo
DoorDash, Inc. (DASH): 'The Multiple's Too High,' Says Jim Cramer
We recently published . DoorDash, Inc. (NASDAQ:DASH) is one of the stocks Jim Cramer recently discussed. DoorDash, Inc. (NASDAQ:DASH) is a well-known food delivery company. The shares are up by a strong 38% year-to-date as the firm has benefited from strong earnings performance and analyst sentiment. DoorDash, Inc. (NASDAQ:DASH)'s fourth quarter earnings saw the firm beat analyst revenue estimates. However, the firm's first quarter revenue of $3.03 billion, which missed analyst estimates of $3.09 billion, led to its shares falling by 13.8%. Cramer believes that the stock might be overvalued: 'DoorDash is the multiple's too high. Come on. . .' A shot of a delivery driver zooming down a busy street, symbolizing the company's quick and efficient delivery services. Previously, the CNBC TV host discussed DoorDash, Inc. (NASDAQ:DASH)'s advertising potential: 'DoorDash, up as usual 2%… Unlike most of the people around here, the older people I talk to, I pass no judgment about these people. You know why? Because they are buying very good companies… These are top-notch businesses that might have gigantic earnings power someday. You want to get in front of DoorDash, which may turn out to be an advertising powerhouse.' While we acknowledge the potential of DASH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
