ECONOMIC SILUET: Watch these dividend payers, Palo Alto Networks and these nat gas names in tomorrow’s trading

Selasa, 21 Februari 2023

Watch these dividend payers, Palo Alto Networks and these nat gas names in tomorrow’s trading

TUE, FEB 21, 2023

The goal of this newsletter is to get you ahead of the next day of investing and trading. It's your first look at tomorrow and last look at today powered by the team of people who direct CNBC TV's stock market coverage.

Tomorrow's Top CNBC Stories Tonight

Natural gas hits a September 2020 low

Many of the natural gas stocks have had big drops in the last three months.
Antero is down 30% in three months.
Southwestern Energy is down 29% in three months.
EQT is down 26% in three months.
Cheniere is down 12.5% in three months.

Palo Alto Networks lifts 2023 earnings projections

Jim Cramer had Nikesh Arora, CEO of Palo Alto Networks, on "Mad Money" Tuesday night.
The cybersecurity stock is up more than 7% after hours.
At this point, I don't see any other cybersecurity stocks popping after hours.
In the last month, however, Cloudflare is up 35%.
Fortinet is up 21% in a month.
Splunk is up 12% in a month.
CyberArk Software is up 11% in a month.
On the other side, SolarWinds is down 11% in a month.

Higher bond rates vs. high yielding solid stocks

The U.S. 1-month Treasury is now near 4.6%.
The U.S. 6-month Treasury is above 5%.
The U.S. 2-year Treasury is at 4.6%.
The U.S. 10-year Treasury is at 3.9%.
Among some of the top dividend stocks, Pioneer Natural Resources – which reports Wednesday – is paying 12.7%. Coterra Energy is paying 10.8%, and Altria pays 7.9%.
If you just take the top dividend payers in the Dow 30 as of today: Verizon pays 6.7%. AT&T pays 5.8%. 3M is paying 5.5%. Walgreens Boots Alliance is paying 5.3%. Intel pays 5.6%. Chevron pays 3.8%. Coca-Cola pays 3.1%. JPMorgan pays 2.9%. Goldman Sachs pays 2.8%.

Notable names reporting Wednesday

Baidu is 17% from the 52-week high. The stock is up 23% in 2023.
TJX is 6% from the 52-week high. Shares are down 1% in 2023.
Wingstop is 8% from a 52-week high. It's up about 21% in 2023.
Nvidia is 28% from a 52-week high. Shares are up 41% in 2023.
Bumble is 42% from the 52-week high, and it's up 6.9% in 2023. This is a volatile and interesting company that will face new challenges and may find itself in a race to use artificial intelligence to its advantage before a competitor does.