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☆ Buy these 5 tech stocks with upside, including these AI beneficiaries, analysts say
▼ + stars: | 2024-04-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

CNBC Pro combed through Wall Street research to find tech stocks to buy as the second quarter gets underway. They include Microsoft, Amazon, Pinterest, Alphabet and Nvidia. Alphabet Alphabet is lagging a number of its Big Tech peers, but the search giant is worth buying, according to Bank of America. Alphabet - Bank of America, buy rating "In 1Q'24, Alphabet stock has underperformed broader markets and peers. Microsoft - Jefferies, buy rating "While material revs are unlikely until late '24 into '25 and with Semis outperforming Software, investors should start positioning now.

Persons: OpenAI, Jefferies, Brent Thill, Thill, Justin Post, Mark Mahaney, Pinterest, Mahaney, Wells Fargo, …, GOOGL Organizations: Wall Street, CNBC, Microsoft, Nvidia, Big Tech, Bank of America, Post, Amazon, Jefferies, outperforming Software, ISI, Mizuho Locations: OpenAI, Wells, North America, China

☆ These 3 stocks could lead the charge for a 19% surge in the S&P 500 to 6,000 this year, according to a market research firm that counts Wall Street's top banks among its clients
▼ + stars: | 2024-02-13 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Read previewThe S&P 500's 22% tear over the last few months may just be getting started, according to Sevens Report Research, a market research firm with clients that include top Wall Street banks like JPMorgan, Morgan Stanley, UBS, and more. On the valuations front, the S&P 500's multiple would only have to rise fairly slightly to lift the index to 6,000. "The S&P 500 is already trading with an elevated forward P/E multiple of over 20X expected 2024 EPS," he said. "If sentiment gets frothy, however, and stocks trade with a multiple pushing 22X, which is far from unheard of as the forward multiple of the S&P 500 hit 21.4 on 1/2/2022, then the S&P 500 could surpass 6,000 in H2'24." Essaye also said small-cap stocks cyclical sectors like big banks, and materials and transportation firms would do well in a soft-landing scenario.

Persons: —, Morgan Stanley, Tyler Richey, Richey, aren't, Louis Fed, Tom Essaye, Essaye, it's Organizations: Service, JPMorgan, UBS, Business, Investor, CNN, Federal Reserve, Nvidia, Amazon Locations: H2'24

☆ Wall Street made bold calls on 4 of our stocks this week. Here's where we stand
▼ + stars: | 2024-01-13 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Wall Street analysts revealed bold predictions on four portfolio stocks this week, as investors digested the latest inflation data and December earnings season kicked off. Morgan Stanley Wall Street's take: HSBC cut Morgan Stanley's rating to hold from buy on Monday, citing weaker guidance for the firm's wealth management business. MS 1Y mountain Morgan Stanley 1 year The Club's take: We don't blame analysts for stepping to the sidelines. Still, Morgan Stanley has strong growth prospects from its investment banking segment, a business we see improving on a better macroeconomic outlook and a pickup in deal activity. Palo Alto Networks Wall Street's take: Morgan Stanley named Palo Alto Networks the bank's top cybersecurity pick on Wednesday.

Persons: Here's, Morgan Stanley Wall, Morgan Stanley, Apple's, FCF, We've, Baird, Price, Marc Benioff, shouldn't, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: HSBC, Morgan, Bank, Management, Apple, Palo, Palo Alto Networks, 22X, CNBC, Traders, New York Stock Exchange Locations: CY24, CQ4, Palo, New York City, U.S

☆ What's a good price to get into a stock that has rallied, like Apple or Nvidia?
▼ + stars: | 2023-10-29 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

This week's question: What's a good price to get into a stock that has moved up a lot? For example, what's the better value: ABC stock at $100 or XYZ stock at $50? If you only focused on the increase in stock price, you missed the more important point: The stock was actually a better value after the rally. The stock price, however, is higher now than it was in April. This week's question: What's a good price to get into a stock that has moved up a lot?

Persons: Jim Cramer, Ron, Jim Organizations: ABC, Nvidia, Apple, Club, Meta, CNBC Locations: NVDA

☆ Earnings playbook: Your guide to trading another busy week of reports, including Apple and Pfizer
▼ + stars: | 2023-10-29 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

About 30% of the S & P 500 is set to report earnings this week, bringing the reporting past the halfway mark. Monday McDonald's is set to report earnings before the bell, followed by a call with management at 8:30 a.m. What CNBC is watching: Pfizer is coming into this latest earnings report limping. What history shows: Starbucks only beats earnings expectations 55% of the time, according to Bespoke, but the stock averages a 0.5% gain on earnings days. What history shows: Apple shares tend to do well on earnings days, averaging a 1.3% advance, according to Bespoke.

Persons: It's, Oppenheimer, Brian Bittner, PFE, Kif Leswing, Cowen, Andrew Charles, bode, Tim Cook, — CNBC's Michael Bloom Organizations: Apple, Pfizer, Meta, CNBC, Investment, AMD, Nvidia, Starbucks, Corporate Locations: U.S, Covid, China

☆ Here are Friday's biggest analyst calls: Netflix, Nvidia, Eli Lilly, Disney, Levi's, Exxon, Walmart and more
▼ + stars: | 2023-10-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan reiterates Exxon as overweight JPMorgan said it's standing by its buy rating on the oil and gas giant. Seaport initiates Netflix as buy Seaport said it sees plenty of upside in shares of Netflix. JPMorgan upgrades Eaton to overweight from neutral JPMorgan said the industrial and electrical company is best in class. UBS reiterates Levi's as buy UBS said Levi's is still an attractive stock despite the company's disappointing earnings report Thursday. " JPMorgan upgrades Apellis to overweight from neutral JPMorgan said the pharmaceutical company is well-positioned for more upside.

Persons: Piper Sandler, Bernstein, Disney, XOM, Jefferies, TD Cowen, Cowen, Eaton, Eli Lilly, Doug McMillon, Berenberg, Morgan Stanley, Meta, Levi's, Oppenheimer downgrades O'Reilly, AutoZone, Oppenheimer, it's, Truist Organizations: Disney, Netflix, Hulu, JPMorgan, Exxon, Barclays, Nvidia, Intel, Gaudi, Citi, Discover Citi, DFS, Seaport, Bank of America, Energy, of America, Apple, Vegas, Prix, Clearway Energy, Walmart, United Auto Workers, Auto, Meta, UBS Locations: Parks, NVDA, China, ETN, TEL, AZO, ORLY

☆ Here's what investors selling Oracle on the company's mixed quarter and lower guide are missing
▼ + stars: | 2023-09-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

This momentum is turning into bookings, and that gives me the confidence that our annual revenue growth will continue to accelerate moving forward." These bullish comments — taken together — made the softer fiscal second quarter guide all the more puzzling. But for now, we're chalking up the revenue growth softness to some lumpiness around one quarter to the next. Guidance Oracle's weaker-than-expected fiscal 2024 second quarter guide caused shares to drop a second leg lower after the closing bell Monday. Within that figure, Oracle expects cloud revenue to increase 29% to 31%, which at the midpoint is about stable from the first quarter.

Persons: it's, Oracle, Larry Ellison, Safra Catz, —, we're, we'll, Cerner, Ellison, Katz, Catz, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Oracle, LSEG, Wall, Autonomous Database, Oracle Cloud Infrastructure, Infrastructure, Software, Microsoft, Web Services, Google, Johnson Controls, MGM Resorts, CNBC Locations: Cerner, Redwood Shores , California

☆ Here are Thursday's biggest analyst calls: Nvidia, Meta, Apple, Netflix, Roku, McDonald's, Micron & more
▼ + stars: | 2023-09-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Thursday's biggest calls on Wall Street: Barclays initiates Jabil and Flex as overweight Barclays initiated several technology manufacturers Thursday and said it sees margin expansion. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on the stock heading into Apple's iPhone event next week. Barclays initiates LPL Financial as overweight Barclays said the financial services company is a "solid organic grower at reasonable valuation." Barclays downgrades Seagate to equal weight from overweight Barclays downgraded Seagate mainly on valuation. Morgan Stanley reiterates Meta as overweight Morgan Stanley said it's staying bullish on shares of Meta.

Persons: Wells, Goldman Sachs, Morgan Stanley, McDonald's, Apple, it's, Jefferies, Canaccord, Johnson, Bernstein, Tesla, underperform Bernstein, Raymond James, Dell, Dan Jedda, Stifel, Riley downgrades Crocs, Riley, Truist, Raymond James downgrades Dave, Buster's, Guggenheim, Meta Organizations: Street, Barclays, JBL, EV, HSBC, Citi, Micron Citi, Micron, Oracle, Johnson, JPMorgan, Netflix, Tesla, DELL, Bank of America, Cloud Computing, LPL, Vail Resorts, Seagate, CyberArk Software Ltd, Meta, Nvidia Locations: 3Q23, Vail

☆ Here are Monday's biggest analyst calls: Nvidia, Boeing, Alphabet, Okta, Costco, Dick's, Tesla & more
▼ + stars: | 2023-08-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America reiterates Morgan Stanley as buy Bank of America said the investment bank is "best-in-class." "Initiate at Buy with a Street-high target price of USD72; we like Monster for its market positioning and growth opportunity." "While we turned more optimistic on MOS ahead of this year's crop season, we now see minor downside from current share price levels." Bank of America adds Boeing to the US1 list Bank of America added the stock to its top picks list. Bank of America reiterates Alphabet as buy Bank of America said it remains "constructive" on Alphabet's AI-driven ad products.

Persons: Goldman Sachs, Goldman, Parsons, Tesla, Evercore, Morgan Stanley, it's, JPMorgan, Dick's, Bernstein, Marriott, Telsey, Ulta, Eli Lilly, Stifel Organizations: Teledyne, Bank of America, underperform Bank of America, PSN, U.S, Infrastructure, EU, " Bank of America, Nvidia, HSBC, Barclays, Target, JPMorgan, Hilton, Sports, UBS, Walmart, Base, Costco, Mosaic, Boeing, Boeing Co, Northrop Grumman Corp, Citi, Urban Outfitters Locations: U.S, LLY

☆ As the Nasdaq recovers half of its bear market losses, signs of broader strength emerge
▼ + stars: | 2023-05-20 | by ( Michael Santoli | ) www.cnbc.com time to read: +6 min

This particular conversation has been chewed over pretty thoroughly, and I've hit on it last week and the week before . And perhaps more relevant, last week saw at least tentative signs of a desired broadening out. It's worth pointing out too that the recent surge in the familiar Nasdaq megacaps has a lot to do with mean reversion, after the Nasdaq lagged the equal-weighted S & P 500 in 2002 by 20 percentage points. The NDX has been in a long-term structural uptrend relative to the S & P 500 for the past decade. As noted, the S & P 500 touched 4,200 late in the week before easing back a bit.

☆ Here are Tuesday's biggest analyst calls: Microsoft, Apple, Alphabet, JPMorgan, PayPal, Shoals & more
▼ + stars: | 2023-05-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan initiates Alkami as overweight JPMorgan said the regional banking software company has strong fundamentals. " Bernstein reiterates Microsoft as outperform Bernstein said AI is going "everywhere and in everything" that Microsoft does. Goldman Sachs reiterates PayPal as buy Goldman said it sees further earnings upside after the company's earnings report on Monday. " Raymond James reiterates Palantir as strong buy Raymond James said it's standing by its strong buy rating on shares of the AI beneficiary. Credit Suisse downgrades PayPal to neutral from outperform Credit Suisse said it's too "challenging" to recommend shares right now.

Organizations: & & .

☆ Credit Suisse upgrades Lockheed Martin, says earnings growth is poised to accelerate
▼ + stars: | 2023-02-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Lockheed Martin can return to growth this year as the outlook for the defense sector strengthens, providing a "meaningful" opportunity for earnings to surprise to the upside, according to Credit Suisse. Deuschle also raised his target price to $510 from $427, which implies shares could rise 11% from the stock's closing price on Monday. Lower volumes of its anti-missile system THAAD also could weigh on growth as could the possibility of reduced defense department budgets. Still, Credit Suisse anticipates a growth could be more bullish than what the company's latest guidance suggests, given its backlog and the possibility of supply chain improvements. Deuschle said that based on past earnings data patterns, the company's 11% backlog growth in 2022 foreshadows revenue growth in 2023.

☆ Op-ed: Salesforce appoints ValueAct’s Morfit to its board and a proxy fight may loom ahead
▼ + stars: | 2023-01-27 | by ( Kenneth Squire | ) www.cnbc.com time to read: +5 min

The firm's principals are generally on the boards of half of ValueAct's core portfolio positions and have had 55 public company board seats over 22 years. Adding Morfit to the board of Salesforce makes a ton of sense regardless of the activist environment. Morfit has experience helping management increase both growth and margins from a board level, and both can be improved at Salesforce. The looming question is whether he will initially be doing this with an activist cloud hanging over the company's head in the form of a proxy fight by one of the other activists involved. It likely had been engaging with Salesforce management for several months, and this appointment may have happened just as a threatened proxy fight was reported.

☆ Jim Cramer's top 10 things to watch in the market Thursday: Sell-off Day 2, P&G outlook raise
▼ + stars: | 2023-01-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Club holding Procter & Gamble (PG): earnings-per-share in fiscal second quarter of 2023 of $1.59 matches estimates; revenue of $20.77 billion slightly beats. Club holding Apple (AAPL) has been holding in at roughly 22x forward earnings estimates compared to the S & P 500's 17.5x multiple. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Here are Wednesday's biggest analyst calls: Apple, McDonald's, Alphabet, Amazon, Tesla, Meta & more
▼ + stars: | 2022-12-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Citi reiterates Apple as buy Citi said it sees several reasons that Apple stock is likely trade higher. Jefferies names McDonald's a top 2023 pick Jefferies said the fast food giant is a top defensive idea for 2023. Jefferies downgrades Starbucks to hold from buy Jefferies said it sees a more "balanced" risk/reward outlook for the stock. Evercore ISI reiterates Alphabet as outperform Evercore lowered its estimates on the stock but said it's still "highly attractive" for long-term investors. UBS reiterates Nike as buy UBS said Nike's earnings growth potential is "underestimated" after the company's earnings report on Tuesday.

☆ Stock Market Crash: Expert Warns 58% Drop Still to Come
▼ + stars: | 2022-11-26 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

The S&P 500 is down 16% on the year as the Fed tightens policy to fight inflation. The S&P 500 fell as much as 25% this year as the Federal Reserve pulled its support for the US economy. To return to normal valuation levels, the market would have to fall 58% further from where it sits currently, he said. The most bearish strategists among major Wall Street institutions see the S&P 500 falling to around the 3,000, about -25% assuming a recession plays out. He's more bearish than Wilson in the short term, however, with a three-month price target of 3,600 for the S&P 500.

☆ Wall Street loves this kind of retailer into a recession — another one just got an upgrade
▼ + stars: | 2022-11-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Off-price retailers are poised to outperform, and Ross Stores will be the leader, according to Credit Suisse. Off-price retailers pick up the extra items on the cheap to sell. Other off-price retailers include Nordstrom Rack and Macy 's Backstage. On Thursday, Ross Stores reported fiscal third-quarter earnings-per-share of $1.00 , versus a StreetAccount estimate of 81 cents. The boost was based on 2024 calendar-year EPS versus 2023 EPS.

☆ TJX hits an all-time high as reason we own off-price retailer played out in the quarter
▼ + stars: | 2022-11-16 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Club holding TJX Companies (TJX) reported stronger-than-expected fiscal third-quarter 2023 earnings and U.S. sales before the opening bell Wednesday, boosting shares of the off-price retailer by nearly 4% to an all-time high. While U.S. customer traffic was down in the quarter, management noted that it improved sequentially and improved throughout the quarter. Speaking to the inventory glut at full-price retailers, TJX management said on their post-earnings call, "The marketplace is absolutely loaded with quality branded merchandise across good, better and best brands." That guide also represents a tightening around the $3.09 midpoint versus the $3.05 to $3.13 per share range provided with the prior quarter's release. This excludes new stores, stores closed permanently or closed for an extended period of time as well as e-commerce results.

☆ These top stock picks from Morgan Stanley are well positioned for 'resilient growth'
▼ + stars: | 2022-11-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

There's a wide range of stock ready to pop regardless of what direction the market goes, according to Morgan Stanley. They include Epam Systems , Bill.com , SLB, Microchip Technology and Ingersoll Rand. Bill.com Holdings Bill.com has showed "solid execution yields resilient growth in a worsening macro," analyst Keith Weiss said following the company's earnings report earlier this month. Microchip Technology Shares of the semiconductor supplier are too attractive to ignore, analyst Joseph Moore said earlier this month. Bill.com "Solid Execution Yields Resilient Growth in a Worsening Macro ... Amid this macro warning sign, mgmt.

☆ We're impressed with health insurer Humana's solid quarter and rosy outlook for next year
▼ + stars: | 2022-11-02 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Full-year 2022 guidance was in-line with the updated outlook provided at the health insurer's September investor day. But we did get some commentary looking ahead to 2023 that pushed the stock 2% higher in Wednesday's down market. The Q3 benefits expense ratio in the quarter was 86.5%, down (again, lower is better), down from 88.1% in the year ago period. The Q3 benefits expense ratio in the quarter saw significant improvement, falling to 78.7% from 86.4% last year. Outlook Management affirmed their adjusted full-year 2022 EPS outlook of approximately $25 per share, representing 21% annual growth versus 2021 an in-line with expectations.

☆ Two potential opportunities for value creation emerge as Starboard takes a stake in Salesforce
▼ + stars: | 2022-10-22 | by ( Kenneth Squire | ) www.cnbc.com time to read: +5 min

Starboard views Salesforce as a high quality and sticky business at an attractive valuation with the potential for significant value creation through a better balance of growth and profitability. Salesforce peers are operating at a "rule of 50" – average revenue growth plus adjusted operating margins of peers equals 49.4. Salesforce currently has a revenue growth rate of 17.0% and 20.4% operating margins, which brings it to 37.4 combined. Starboard has had extensive experience with growth companies that begin to see slowing growth rates and need to either regain that growth and/or focus on margins. Even if they were to hit that target, this would only bring them to a growth + margin of 42.

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