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*Что взять с собой в баню, чтобы хорошо провести время*

Важно учесть кучу нюансов и не прогадать с выбором веника.
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*Stock Market Today: S&P 500 extends record run with tech earnings in focus*

Check back for updates throughout the trading day U.S. equity futures moved higher again Monday, lifting the S&P 500 into fresh record territory following its strongest close in two years last week, as investors looked to a busy slate of corporate earnings and economic data to extend Wall Street's bull market rally. Fading inflation prospects, growing consumer confidence and a resilient labor market have challenged traders' bets on a 2024 recession and clipped the recent rise in Treasury yields, enabling the S&P 500 Friday to set its first record in two years. The broadest benchmark of U.S. blue-chip shares, in fact, has risen more than 20% from its early October lows, confirming the current bull market as investors pared bets that the Federal Reserve would hike interest rates and looked to a near-term easing in borrowing costs as economic-growth prospects faded. However, with the Atlanta Fed's GDPNow forecasting tool indicating the economy is growing at a 2.4% clip, weekly jobless claims falling to the lowest levels in decades and inflation likely to inch back toward 2% over the coming months, investors are instead placing bets on a so-called economic soft landing while fading wagers on a spring rate cut. That view was echoed late Friday by San Francisco Fed President Mary Daly, who told an event in San Diego that she and her colleagues would bring down inflation "as gently as we possibly can." "We know that policy is in a good place, the economy is in a good place, and we can start to be more patient to see what we need, as a Fed, to do next," Daly said. "It takes patience. It takes gradualism." CME Group's FedWatch now puts the odds of a March rate cut at around 50%, down from as high as 71% late last year, but it sees the Fed starting its reduction phase in May. Benchmark 10-year Treasury note yields, which hit a one-month high on Friday, were last marked 4 basis points lower at 4.109% heading into the start of the New York trading session. At the same time, 2-year note yields eased to 4.393% ahead of a $60 billion auction of new paper later today, the first of three coupon sales this week that will raise around $162 billion. With rate bets neutralized for the moment, investors are likely to focus on this week's earnings calendar, which includes 61 S&P 500 companies reporting December quarter profits. The group includes Tesla (TSLA) - Get Free Report, Intel (INTC) - Get Free Report, IBM (IBM) - Get Free Report and Texas Instruments (TXN) - Get Free Report. United Airlines (UAL) - Get Free Report will report fourth-quarter earnings after the close of trading, with investors looking for a bottom line of $1.70 per share on revenue of $13.54 billion. Overall, analysts see collective fourth-quarter S&P 500 profits rising around 4.5% from the same period in 2022 to a share-weighted $454.2 billion. That forecast has fallen by around 2.7% since Nov. 1.Related: Microsoft, Magnificent 7 must justify AI hype this earnings season Heading into the start of the trading day on Wall Street, futures contracts tied to the S&P 500, which is now up 1.47% for the year, are priced for a 16-point opening bell gain. Futures tied to the Dow Jones Industrial Average, meanwhile, are indicating a 65-point gain while those linked to the tech-focused Nasdaq, which is pacing benchmark gains with a January advance of 2%, suggest a 110-point bump. In overseas markets, Europe's Stoxx 600 was marked 0.54% higher in early Frankfurt trading while Britain's FTSE 100 added 0.17%. In Asia, Japan's Nikkei 225 hit a three-decade high after rising 1.62% on the session ahead of tomorrow's rate decision by the Bank of Japan, which is expected to keep its ultralow-rate policy in place until early spring.
[Read more...](https://www.thestreet.com/investing/stocks/stock-market-today-s-p-500-extends-record-run-with-tech-earnings-in-focus)
Stock Market Today: S&P 500 extends record run with tech earnings in focus

Check back for updates throughout the trading day U.S. equity futures moved higher again Monday, lifting the S&P 500 into fresh record territory following its strongest close in two years last week, as investors looked to a busy slate of corporate earnings and economic data to extend Wall Street's bull market rally. Fading inflation prospects, growing consumer confidence and a resilient labor market have challenged traders' bets on a 2024 recession and clipped the recent rise in Treasury yields, enabling the S&P 500 Friday to set its first record in two years. The broadest benchmark of U.S. blue-chip shares, in fact, has risen more than 20% from its early October lows, confirming the current bull market as investors pared bets that the Federal Reserve would hike interest rates and looked to a near-term easing in borrowing costs as economic-growth prospects faded. However, with the Atlanta Fed's GDPNow forecasting tool indicating the economy is growing at a 2.4% clip, weekly jobless claims falling to the lowest levels in decades and inflation likely to inch back toward 2% over the coming months, investors are instead placing bets on a so-called economic soft landing while fading wagers on a spring rate cut. That view was echoed late Friday by San Francisco Fed President Mary Daly, who told an event in San Diego that she and her colleagues would bring down inflation "as gently as we possibly can." "We know that policy is in a good place, the economy is in a good place, and we can start to be more patient to see what we need, as a Fed, to do next," Daly said. "It takes patience. It takes gradualism." CME Group's FedWatch now puts the odds of a March rate cut at around 50%, down from as high as 71% late last year, but it sees the Fed starting its reduction phase in May. Benchmark 10-year Treasury note yields, which hit a one-month high on Friday, were last marked 4 basis points lower at 4.109% heading into the start of the New York trading session. At the same time, 2-year note yields eased to 4.393% ahead of a $60 billion auction of new paper later today, the first of three coupon sales this week that will raise around $162 billion. With rate bets neutralized for the moment, investors are likely to focus on this week's earnings calendar, which includes 61 S&P 500 companies reporting December quarter profits. The group includes Tesla (TSLA) - Get Free Report, Intel (INTC) - Get Free Report, IBM (IBM) - Get Free Report and Texas Instruments (TXN) - Get Free Report. United Airlines (UAL) - Get Free Report will report fourth-quarter earnings after the close of trading, with investors looking for a bottom line of $1.70 per share on revenue of $13.54 billion. Overall, analysts see collective fourth-quarter S&P 500 profits rising around 4.5% from the same period in 2022 to a share-weighted $454.2 billion. That forecast has fallen by around 2.7% since Nov. 1.Related: Microsoft, Magnificent 7 must justify AI hype this earnings season Heading into the start of the trading day on Wall Street, futures contracts tied to the S&P 500, which is now up 1.47% for the year, are priced for a 16-point opening bell gain. Futures tied to the Dow Jones Industrial Average, meanwhile, are indicating a 65-point gain while those linked to the tech-focused Nasdaq, which is pacing benchmark gains with a January advance of 2%, suggest a 110-point bump. In overseas markets, Europe's Stoxx 600 was marked 0.54% higher in early Frankfurt trading while Britain's FTSE 100 added 0.17%. In Asia, Japan's Nikkei 225 hit a three-decade high after rising 1.62% on the session ahead of tomorrow's rate decision by the Bank of Japan, which is expected to keep its ultralow-rate policy in place until early spring.
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*Macy's rejects $5.8 billion takeover bid as investors eye hidden value*

Macy's (M) - Get Free Report shares moved higher in early Monday trading after the iconic retailer rejected a $5.8 billion takeover bid that its proposed buyers now plan to take directly to shareholders. Macy's, like many of its traditional retail rivals, has struggled to adjust to shifting consumer spending habits and found itself overburdened by high levels of inventory and a debt-laden balance sheet in the wake of the pandemic.Related: Retail sales leap, testing Fed rate-cut bets, as consumers end 2023 with confidence A sharp focus on refinancing under Chief Executive Jeff Gennette, however, as well as a tighter control of inventories and fewer product markdowns and lower freight costs, helped the group post stronger-than-expected third-quarter profit while boosting its profit margins. That discipline, as well as the value of its estimated $8.5 billion real estate portfolio, has attracted the interest of several private equity suitors, including current investors Arkhouse Management and Brigade Capital Management. Activist investors have targeted Macy's' real estate portfolio in the past as well, with Starboard Value's Jeff Smith in 2017 making the case for splitting off the group's retail operations from its real estate assets.Arkhouse-Brigade proposal for Macy's Arkhouse and Brigade, which were first reported to have interest in buying Macy's late last year, had offered to buy Macy's for $21 a share cash, as of this weekend, but that bid that was rejected as undervaluing the New York-based retailer. Joe Kohen/WireImage/Getty The Macy’s board and management "have a proven track record of evaluating a broad range of options to enhance shareholder value," Gennette said in a statement. "Following careful consideration and efforts to gather additional information from Arkhouse and Brigade, the board determined that [the proposal] is not actionable and that it fails to provide compelling value to Macy’s,” he added. “We continue to be open to opportunities that are in the best interests of the company and all of our shareholders.” JP Morgan analysts have pegged the value of Macy's real estate portfolio at around $8.5 billion, or $31 a share, with its Herald Square headquarters alone valued at around $3 billion.How Macy's might fend off Arkhouse-Brigade Others have suggested Macy's could fend off the Arkhouse/Brigade proposal by selling a minority interest in either its retail or real estate divisions, which would enable the retailer to pay down debt while maintaining its regular dividend payments. More Retail:Sam's Club change fixes a Costco customer pain point Essential retailer closing dozens more stores in bankruptcy Target, Walgreens have a new weapon against retail theft Arkhouse has said it's prepared to consider a "meaningful increase" to its $5.8 billion offer, provided it's "granted access to the necessary due diligence." "We have conviction in the long-term success of Macy’s but believe that its potential will only be realized as a private company," Arkhouse said in a statement. "We believe Macy’s investors support a privatization given the stock’s largest single-day gain in more than two years following media reports of our interest in acquiring the company." "We are highly motivated to consummate an acquisition of Macy’s and are prepared to pursue all necessary steps, including direct engagement with stockholders, to achieve this goal," the statement added. Macy's shares were marked 2.4% higher in premarket trading to indicate an opening bell price of $18.05 each. The stock has risen around 14% since the Arkhouse/Brigade deal was first reported in early December.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/macys-rejects-5-8-billion-takeover-bid-as-investors-eye-hidden-value)
Macy's rejects $5.8 billion takeover bid as investors eye hidden value

Macy's (M) - Get Free Report shares moved higher in early Monday trading after the iconic retailer rejected a $5.8 billion takeover bid that its proposed buyers now plan to take directly to shareholders. Macy's, like many of its traditional retail rivals, has struggled to adjust to shifting consumer spending habits and found itself overburdened by high levels of inventory and a debt-laden balance sheet in the wake of the pandemic.Related: Retail sales leap, testing Fed rate-cut bets, as consumers end 2023 with confidence A sharp focus on refinancing under Chief Executive Jeff Gennette, however, as well as a tighter control of inventories and fewer product markdowns and lower freight costs, helped the group post stronger-than-expected third-quarter profit while boosting its profit margins. That discipline, as well as the value of its estimated $8.5 billion real estate portfolio, has attracted the interest of several private equity suitors, including current investors Arkhouse Management and Brigade Capital Management. Activist investors have targeted Macy's' real estate portfolio in the past as well, with Starboard Value's Jeff Smith in 2017 making the case for splitting off the group's retail operations from its real estate assets.Arkhouse-Brigade proposal for Macy's Arkhouse and Brigade, which were first reported to have interest in buying Macy's late last year, had offered to buy Macy's for $21 a share cash, as of this weekend, but that bid that was rejected as undervaluing the New York-based retailer. Joe Kohen/WireImage/Getty The Macy’s board and management "have a proven track record of evaluating a broad range of options to enhance shareholder value," Gennette said in a statement. "Following careful consideration and efforts to gather additional information from Arkhouse and Brigade, the board determined that the proposal is not actionable and that it fails to provide compelling value to Macy’s,” he added. “We continue to be open to opportunities that are in the best interests of the company and all of our shareholders.” JP Morgan analysts have pegged the value of Macy's real estate portfolio at around $8.5 billion, or $31 a share, with its Herald Square headquarters alone valued at around $3 billion.How Macy's might fend off Arkhouse-Brigade Others have suggested Macy's could fend off the Arkhouse/Brigade proposal by selling a minority interest in either its retail or real estate divisions, which would enable the retailer to pay down debt while maintaining its regular dividend payments. More Retail:Sam's Club change fixes a Costco customer pain point Essential retailer closing dozens more stores in bankruptcy Target, Walgreens have a new weapon against retail theft Arkhouse has said it's prepared to consider a "meaningful increase" to its $5.8 billion offer, provided it's "granted access to the necessary due diligence." "We have conviction in the long-term success of Macy’s but believe that its potential will only be realized as a private company," Arkhouse said in a statement. "We believe Macy’s investors support a privatization given the stock’s largest single-day gain in more than two years following media reports of our interest in acquiring the company." "We are highly motivated to consummate an acquisition of Macy’s and are prepared to pursue all necessary steps, including direct engagement with stockholders, to achieve this goal," the statement added. Macy's shares were marked 2.4% higher in premarket trading to indicate an opening bell price of $18.05 each. The stock has risen around 14% since the Arkhouse/Brigade deal was first reported in early December.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
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