Latest news with #MichelleWeaver
CNBC
6 days ago
- Business
- CNBC
Morgan Stanley's highest conviction picks into earnings
Morgan Stanley expects a handful of stocks that are reporting quarterly results soon to see big gains. Second-quarter earnings season has so far impressed Wall Street, even as investors keep an eye on commentary about tariff-related uncertainty and artificial intelligence spending and demand. Of the 88 S & P 500 companies that have reported results, more than 82% have beaten analysts' estimates, according to FactSet data. Analyst Michelle Weaver wrote in a Tuesday note to clients that Morgan Stanley expects a "normal" rate of companies outpacing earnings estimates this season. "Given the downward EPS revisions we saw in April / May and the subsequent recovery in Earnings Revisions Breadth from –25% to ~1% , we expect the index to deliver 2Q beat rates roughly in line with historical averages (4-5%)," Weaver wrote. She added, earnings should be "top-heavy," led by strong year-over-year "Magnificent Seven" net income growth. Below are five of Morgan Stanley's 13 highest conviction plays. These are stocks in which near-term catalysts should drive "a meaningful move" upward, according to the firm. Morgan Stanley views Nvidia as an earnings winner. The firm rates the chipmaking giant overweight with a $170 price target, which implies 1.8% potential upside. "Expect the pace of revenue and EPS to accelerate on the print, as demand remains very strong and NVDA continues to deliver upside on the supply side having resolved issues with rack scale products," the firm said about the stock. Analysts are bullish that Nvidia's revenue growth in the second half of 2025 and 2026 will improve after the company resumes shipments of previously banned H20 chips to China. CVS Health is another name Morgan Stanley likes, with an overweight rating and a price target that implies the stock could gain about 31%. Analyst Erin Wright called CVS a "compelling turnaround story in Managed Care," given its focus on the Medicare Advantage business, which she said has earnings power. "CVS should be a cleaner print in what has been a volatile period for Managed Care, with another 'beat and maintain' or ~in line quarter likely, in our view, offering welcomed relief," Wright said. CVS in the first quarter exceeded estimates and hiked its earnings guidance , but did not provide a revenue forecast given uncertainty with higher medical costs from more Medicare Advantage patients returning to hospitals. CVS 1Y mountain CVS Health performance over the past year. AI data center play Eaton has room for upside, according to analyst Chris Snyder. He views the stock as attractively positioned heading into earnings due to margins in its Electrical Americas business. "We have confidence in both ETNs pricing power & ability to drive volumes higher given company backlog and ongoing capacity adds," the analyst said.
Yahoo
02-07-2025
- Business
- Yahoo
The 3 areas of the stock market to buy as the dollar continues to plummet, Morgan Stanley says
The US dollar has tumbled this year, with the GOP budget bill threatening more declines. But Morgan Stanley sees the move in the dollar as a likely tailwind for the stock market. The bank sees it as a positive catalyst for companies in four sectors of the market. The dollar just wrapped up its worst half of a year since 1973, but the US currency's loss might be the stock market's gain. Morgan Stanley predicts that the dollar will continue depreciating throughout the year but it views this trend as a "substantial, under-appreciated tailwind" for stocks, one that could drive fresh earnings growth. It also laid out four sectors of the stock market the are set to benefit most from the dollar's string of declines. "The dollar is currently down approximately 11% from the January highs and is expected to fall another 7% by mid-2026 providing a substantial boost for multinational earnings," analyst Michelle Weaver said in a recent note. In Morgan Stanley's thesis, the key tailwind for stocks is companies with high exposure to foreign sales. A weaker US dollar makes currency conversions more favorable for overseas customers and makes US goods more attractive. Weaver also highlighted the translation effect, in which such companies can "earn a premium when exchanging revenues earned in foreign currencies into USD," which does not apply to competitors who only sell in the US. This creates an environment in which larger cap stocks are well-positioned to benefit. The note adds that the S&P 500, composed of the largest publicly traded US companies, typically derives roughly 40% its revenue from abroad. By contrast, the small-cap Russell 2000 sees about 22% of its revenue from overseas sales. "We have a broad preference for large-cap stocks given their higher-quality balance sheets, stronger pricing power, and stronger supplier negotiation power — the dollar dynamic further supports this view," she noted. For investors looking for specific sectors to focus on, Morgan Stanley has highlighted those with the highest foreign revenue exposure. First on the list is tech, which boasts more than 50%. The materials sector is next, with just over 40% exposure, followed by industrials, with 30%. Tech makes up the largest portion of the S&P 500, accounting for more than 30% of the benchmark index. That's likely part of why Morgan Stanley predicts it will rise even more as the dollar declines. As the bank said in a separate report this week, upward earnings revisions are the stock market's secret weapon for hitting new highs. "Morgan Stanley expects the S&P 500 to end the year at 6,500, implying a gain of about 5% from current record levels. With analysts growing more bullish on corporate earnings, the outlook points to a potentially sustainable growth trajectory." The "Big Beautiful Bill" that's moving through Congress is also expected to increase the national deficit by as much as $3.3 trillion, which could push the US dollar down even further. Read the original article on Business Insider 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
Business Insider
02-07-2025
- Business
- Business Insider
The 3 areas of the stock market to buy as the dollar continues to plummet, Morgan Stanley says
The dollar just wrapped up its worst half of a year since 1973, but the US currency's loss might be the stock market's gain. Morgan Stanley predicts that the dollar will continue depreciating throughout the year but it views this trend as a "substantial, under-appreciated tailwind" for stocks, one that could drive fresh earnings growth. It also laid out four sectors of the stock market the are set to benefit most from the dollar's string of declines. "The dollar is currently down approximately 11% from the January highs and is expected to fall another 7% by mid-2026 providing a substantial boost for multinational earnings," analyst Michelle Weaver said in a recent note. In Morgan Stanley's thesis, the key tailwind for stocks is companies with high exposure to foreign sales. A weaker US dollar makes currency conversions more favorable for overseas customers and makes US goods more attractive. Weaver also highlighted the translation effect, in which such companies can "earn a premium when exchanging revenues earned in foreign currencies into USD," which does not apply to competitors who only sell in the US. This creates an environment in which larger cap stocks are well-positioned to benefit. The note adds that the S&P 500, composed of the largest publicly traded US companies, typically derives roughly 40% its revenue from abroad. By contrast, the small-cap Russell 2000 sees about 22% of its revenue from overseas sales. "We have a broad preference for large-cap stocks given their higher-quality balance sheets, stronger pricing power, and stronger supplier negotiation power — the dollar dynamic further supports this view," she noted. For investors looking for specific sectors to focus on, Morgan Stanley has highlighted those with the highest foreign revenue exposure. First on the list is tech, which boasts more than 50%. The materials sector is next, with just over 40% exposure, followed by industrials, with 30%. Tech makes up the largest portion of the S&P 500, accounting for more than 30% of the benchmark index. That's likely part of why Morgan Stanley predicts it will rise even more as the dollar declines. As the bank said in a separate report this week, upward earnings revisions are the stock market's secret weapon for hitting new highs. "Morgan Stanley expects the S&P 500 to end the year at 6,500, implying a gain of about 5% from current record levels. With analysts growing more bullish on corporate earnings, the outlook points to a potentially sustainable growth trajectory." The " Big Beautiful Bill" that's moving through Congress is also expected to increase the national deficit by as much as $3.3 trillion, which could push the US dollar down even further.
Daily Mail
03-06-2025
- Entertainment
- Daily Mail
Wild video of Washington woman digging for seafood delicacy goes viral
A Washington woman has gone viral after being filmed almost completely submerged underwater while digging for a seafood delicacy. Amber Fauci, an Arizona native, dove head first into the sand during her first ever time hunting for geoduck clams. In a video demonstrating the process, Fauci is seen struggling to pull herself out of the hole in her attempt to catch the saltwater clam. Geoduck clams are the world's largest burrowing clam, according to the Washington Department of Fish and Wildlife. On average, they reach just over two to two-and-a-half pounds - including the shell, and can live up to 150 years. The woman recording the video, Michelle Weaver, told Fox 13 that it's important to remain still and stay vigilant for water shooting out of the sand. 'So we dug out quite a bit of sand first, and you get to that point where you gotta reach deeper - and I'm short. I am five-foot-one, so I don't have really long arms, so I'm in there, and I saw that opportunity,' Fauci told the outlet. 'Anybody who's gotten their feet stuck [in the sand] knows how far it suctions you down. 'So I'm sitting there trying to pull myself up from the sand, and that's the struggle everybody thought was, "Oh my gosh, she's stuck." I wasn't stuck,' Fauci continued. 'But I knew the tide was coming up, and that's when I decided to come up. It was when the tide hit my nose. I didn't feel like holding my breath, so that was when I started struggling to come up.' Fauci emerged up, sand and water over her hand, before fellow diver, Tyler Weaver, grabbed the geoduck and pulled it from the sand near the end of the video. He said that after digging three to four feet deep, a geoduck diver has to move quickly before it gets away. They used a 'geoduck gun' that has been in Tyler's family for three generations of his family, the outlet reported. Michelle described the device as a 'glorified soup pot that has no bottom, that clearly can fit an entire human in it.' 'That helps from the water - from the tide coming in, or the sand falling in while you're trying to dig, because there's nothing like digging and then a whole pile of sand lands right where you just dug,' she said. Comments on the viral video were stunned by Fauci's dedicated hunting attempt. 'I'm sorry WHAT ma'am did you almost drown for a [geoduck]?' one said. 'Her moving around was scaring me like I was thinking she needed help and I'm like WHY ARE STANDING AROUND LAUGHING AT HER GET HER OUTTT but she good,' another said. One wrote: 'I didn't see the tube at first and thought she was just stuck in the sand and water. Didn't understand why everyone was so chill.' After their hunting efforts proved successful, the group took the geoducks and celebrated with clam and geoduck chowder. Michelle described Fauci as a 'legit badass' for her 'geoduck digging dedication.'
Yahoo
03-06-2025
- Entertainment
- Yahoo
WATCH: TikTok video of woman digging for geoduck in WA goes viral
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience. Generate Key Takeaways QUILCENE, Wash. - A woman's deep dedication to digging out a geoduck in Quilcene, Washington is going viral on social media. By the numbers The video, posted by TikTok user @xchellesbellesx on Memorial Day, has racked up more than 100,000 likes on the platform and is giving the social media community a glimpse of the work it takes to dig up one of the Pacific Northwest's unique seafood delicacies. With the tide coming in, and her body submerged in the geoduck gun, many on social media initially thought the woman was in danger. FOX 13 reached out to the people featured in the video to hear their side of the story. Michelle Weaver, the woman who captured the moment on camera, said when hunting geoducks, it's important to stay still and keep an eye out for spurts of water shooting out of the sand. After spotting one, Amber Fauci dove in for the grab – and as soon as she got hold of it, it spurted sandy saltwater straight into her mouth. (@xchellesbellesx via TikTok) What they're saying "So we dug out quite a bit of sand first, and you get to that point where you gotta reach deeper. And I'm short. I am five-foot-one, so I don't have really long arms, so I'm in there, and I saw that opportunity," said Amber. "Anybody who's gotten their feet stuck [in the sand] knows how far it suctions you down." Amber grew up in Arizona, and this was her first time geoducking. She said she's raised three boys, so she's not afraid of getting her hands dirty. "So I'm sitting there trying to pull myself up from the sand, and that's the struggle everybody thought was—'oh my gosh, she's stuck,'" she said. "I wasn't stuck, but I knew the tide was coming up, and that's when I decided to come up. It was when the tide hit my nose. I didn't feel like holding my breath, so that was when I started struggling to come up." Tyler Weaver eventually plucked out the geoduck toward the end of the video, but said Amber had already done 90% of the work by then. The backstory Tyler, who is also a former geoduck diver, said they can dig about three to four feet deep and that you have to move quickly before they get away. He said he used what he called a "geoduck gun" that had been passed down through three generations of his family. Similar devices are used by geoduck and clam fishermen, but Michelle describes this one as more of a 'glorified soup pot that has no bottom, that clearly can fit an entire human in it.' "That helps from the water – from the tide coming in, or the sand falling in while you're trying to dig, because there's nothing like digging and then a whole pile of sand lands right where you just dug," Michelle said jokingly. The group said after their successful dig, they celebrated with some clam and geoduck chowder. Now, they have a viral memory to look back on, one that's still making waves on TikTok as it continues to rack up views and likes. The Source Information in this story comes from an original FOX 13 interview. MORE NEWS FROM FOX 13 SEATTLE Wenatchee dad, 3 young girls unreachable, missing person alert activated 'Shut your legs' comment, rating female staff: Snoqualmie Police Chief fired after probe DOJ to announce drug trafficking arrests in Seattle Washington state named 'sanctuary jurisdiction' by Trump admin, 35 of 39 counties listed Motorcyclist speaks out after arrest made in Auburn, WA hit-and-run nearly 2 years ago WA beekeeper working to save millions of bees involved in crash in Whatcom County FBI scrutiny puts pressure on Seattle mayor after protest clash To get the best local news, weather and sports in Seattle for free, sign up for the daily FOX Seattle Newsletter. Download the free FOX LOCAL app for mobile in the Apple App Store or Google Play Store for live Seattle news, top stories, weather updates and more local and national news.
