Posted by CNBC Pro (99..201.63) on December 15, 2022 at 19:22:41:
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
Top clean energy trades for 2023 from JPMorgan
JPMorgan says next year should be an important one for clean energy companies, and it's picked two standouts:
Plug Power: The stock is down 49% in 2022, and down 18% over the past month.
ChargePoint: The stock is down 44% in 2022, and 22% in a month.
Click here to read more about JPMorgan's call.
Goldman Sachs’ top picks in the auto sector for 2023
Goldman Sachs says investors are increasingly focused on the shift to EVs, but need to be selective with auto equipment maker names as price and mix will both be headwinds next year.
High interest rates could also hurt early-stage companies.
With that in mind, Goldman says its top picks are:
Mobileye: The stock is up 21% so far in December, and has gained 30% since its IPO in late October.
TE Connectivity, which is down 26% in 2022.
Aptiv, down 42% in 2022.
Lear, down 30% in 2022.
Tesla, which is 60% off its 52-week high, hit in early January.
General Motors is 44% off the 52-week high it also hit in early January.
Read more about this bet here.
An arctic blast hits the Lone Star State
Texas is expected to see temperatures below freezing for several days next week.
It's news to watch for several big name utility companies operating in the state:
American Electric Power, down 2.2% over the past week and up 7.4% in 2022 (with a 3.5% yield)
CenterPoint, up 0.6% in a week and 10% in 2022 (2.4% yield)
Entergy, down slightly in a week and 3.7% in 2022 (3.6% yield)
Exelon is up 10.8% in a week and 3% in 2022 (3.2% yield)
NRG is down 1% in a week; down 26% year to date (yield of 4.4%)
Vistra Energy is up 3% in a week and up 7% in 2022 (yield of 3.2%)
By comparison, the S&P Energy index is flat year to date.
PG&E, Sempra and AES are the leaders in 2022.
Defense companies vie for weapons contract with Vietnam
Reuters is reporting that U.S. defense companies are getting in line to try and sell Vietnam heavy military weapons.
The packages would include drones and helicopters as well as other gear.
The article says Lockheed Martin, Boeing, Raytheon and Textron are all involved.
Lockheed Martin shares have gained 35% in 2022.
But Boeing is down 8.7% year to date, although it's up 38% in over the past six months.
Raytheon is up 14% since the start of the year.
Textron is down 9.7% in 2022.
Worst of the Nasdaq 100 today
Netflix down 8.6%
Marvell Technology down 6.2%
Match Group down 6% today
Evening Playbook by Pro
Beyond Big Tech
After tech and communications services, materials and industrials were the worst sectors of the day. Both were down more than 3%.
In the materials sector, Nucor, Ball Corp and Eastman Chemical were the worst performers.
The worst industrials today were Generac, Quanta and Rockwell Automation.
Watch CNBC on Friday for more on why industrials and materials fell so much Thursday and discover some bright spots within each sector.
Jason Gewirtz | CNBC Vice President of News
@jasongewirtz