Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • How much you REALLY need in Premium Bonds to win the £1m jackpot… and why it’s less than you may think. We reveal the truth behind all the rumours
    • High Return Value Mutual Funds in the Last 5 Years – Money Insights News
    • HSBC Mutual Fund launches RedHex Hybrid Long-Short Fund under SIF route; NFO closes June 16
    • Gold mutual fund investment limits India | More mutual funds curb gold bets amid restrictions on gold-focused schemes
    • Midcap magic: These 5 midcap mutual funds rallied up to 10% in 2026
    • Here’s How To Buy TIPS Bonds And TIPS ETFs
    • Contra funds explained: How they work, key risks, benefits and top 3 options for investors
    • Premium Bonds ‘not effective’ warning for one group of customers
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»Traders seeing possible opportunity in Starbucks and high-yield bonds ahead of Thursday’s session
    Bonds

    Traders seeing possible opportunity in Starbucks and high-yield bonds ahead of Thursday’s session

    October 24, 2024


    (This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in one beaten-up consumer name. Plus, they are reacting to Tesla earnings and watching an interesting bond opportunity outside of Treasuries. Tesla gets investors charged up George Gianarikas of Cannaccord Genuity appeared on Worldwide Exchange to talk Tesla (TSLA) earnings and why he raised his price target to $278 from $254. “The margins were exceptional. If you recall over the last several quarters Tesla margins have gone down, down, down because they needed cut price based on weakening global auto sales,” said Gianarikas. “But now they had an incredible quarter… because the cost of production came down to levels never before seen.” He also added that guidance on production of a lower cost vehicle is also a reason to be bullish on the EV maker. Worldwide Exchange pick: Starbucks Earlier this week, Starbucks (SBUX) pulled its profit outlook and said sales last quarter tumbled in a release of preliminary results. Matt Powers of Powers Advisory Group said it was a necessary step to begin the turnaround plan of new CEO Brian Niccol. Starbucks formally reports results next Wednesday. The early release was “polarizing no question,” said Powers on Worldwide Exchange. “What they have been doing isn’t working. They separated the results from the message they will deliver Wednesday.” “They are going to focus that earnings call on the business, the turnaround,” the analyst added. Opportunity in high yield bonds Joanna Gallegos of BondBloxx said while Treasury yields are higher since the Federal Reserve rate cut in September, she is seeing the best opportunity in high yield bonds. “As you look across where the economy is, the economy is in a good place… so we like opportunities in corporate credit quite a bit,” said Gallegos on Worldwide Exchange. She recommended high yield bond ETFs: BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) with a yield above 10% and the BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) with a yield above 6%.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    How much you REALLY need in Premium Bonds to win the £1m jackpot… and why it’s less than you may think. We reveal the truth behind all the rumours

    June 6, 2026

    Here’s How To Buy TIPS Bonds And TIPS ETFs

    June 6, 2026

    Premium Bonds ‘not effective’ warning for one group of customers

    June 6, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    How much you REALLY need in Premium Bonds to win the £1m jackpot… and why it’s less than you may think. We reveal the truth behind all the rumours

    June 6, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Bonds

    How much you REALLY need in Premium Bonds to win the £1m jackpot… and why it’s less than you may think. We reveal the truth behind all the rumours

    June 6, 2026

    They are the nation’s favourite savings product – and almost 23 million holders live in…

    High Return Value Mutual Funds in the Last 5 Years – Money Insights News

    June 6, 2026

    HSBC Mutual Fund launches RedHex Hybrid Long-Short Fund under SIF route; NFO closes June 16

    June 6, 2026

    Gold mutual fund investment limits India | More mutual funds curb gold bets amid restrictions on gold-focused schemes

    June 6, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Port Orange voters to decide $30M bond referendum for city parks

    August 13, 2024

    First Annual Scenic Sips Fest Announced

    July 2, 2024

    2 Dividend ETFs Perfect for Retirees in 2026

    February 4, 2026
    Our Picks

    How much you REALLY need in Premium Bonds to win the £1m jackpot… and why it’s less than you may think. We reveal the truth behind all the rumours

    June 6, 2026

    High Return Value Mutual Funds in the Last 5 Years – Money Insights News

    June 6, 2026

    HSBC Mutual Fund launches RedHex Hybrid Long-Short Fund under SIF route; NFO closes June 16

    June 6, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.