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☆ 'The Fed is giving us a gift by keeping rates high,' says Greenwich Wealth's Vahan Janjigian
▼ + stars: | 2024-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'The Fed is giving us a gift by keeping rates high,' says Greenwich Wealth's Vahan JanjigianVahan Janjigian, CIO of Greenwich Wealth Management, Marc Giannoni, chief U.S. economist at Barclays, and CNBC's Steve Liesman join 'The Exchange' to discuss the potential for rate cuts, outlooks on economic data, and more.

Persons: Janjigian, Marc Giannoni, Steve Liesman Organizations: Greenwich, Greenwich Wealth Management, Barclays

Whispering in the ears of the billionaires and celebrities doing the buying, however, are investment bankers. Like other sports bankers BI interviewed for our list of top sports bankers, he exemplified a good-humored, approachable attitude, including joking about his many sports allegiances. Related stories"Earlier in my career, I made the mistake of telling Bob Kraft that I was a New York Jets fan," Carey told BI recently. They're obsessive Jets fans, and they're just fans because I'm a Jets fan," Neville told BI. So that's why we'll be Jets fans forever."

Persons: it's, Goldman Sachs, Greg Carey, everyone's, Carey, Colin Neville's, he's, David Beckham, Steve Ballmer, Joe Tsai, Ballmer, Tsai, Neville, Andrew Kline, Kline, Bob Kraft, I'm, Robert Tilliss, There's, Abramovich, Vladimir Putin, Todd Boehly, Joe Lenehan, Michael Arougheti, David Rubenstein's, doesn't, there's Organizations: NBA, JPMorgan, Business, The, PJT Partners, Chelsea FC, Baltimore Orioles, Sports, Goldman, Endeavor, WWE, Microsoft, Beckham's, Los Angeles Clippers, Brooklyn Nets, Barclays Center, St, Louis Rams, Los Angeles Rams, Golden State Warriors, Miami Heat, Harvard, US Rugby National, Cal, New York Jets, BI, Patriots, Giants, Rays, Chelsea, Circle, Atlanta Hawks NBA, New York Mets, NFL, soccer's Premier League, Russian, Chelsea football, LA Dodgers, Yankees, Manchester United Games, Jets, we'll Locations: European, Los Angeles, Berkeley, Barcelona, Ukraine, New York

☆ Alphabet soars 10% on strong earnings, first-ever dividend, $70 billion buyback
▼ + stars: | 2024-04-26 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023. Alphabet shares shot up 10% Friday morning after the company posted better-than-expected first-quarter results and greenlit its first-ever dividend and a $70 billion buyback. Earnings of $1.89 per share eclipsed the $1.51 in earnings per share expected by Wall Street. The company said the board also approved the repurchase of an additional $70 billion in stock. Among other price target boosts for the stock following Alphabet's earnings, JPMorgan increased its price target to $200 from $165, while Evercore ISI upped its target to $200 from $160.

Persons: Sundar Pichai, Oppenheimer, Morgan Stanley, durably, — CNBC's Michael Bloom Organizations: Google, LSEG, Wall, YouTube, Barclays, —, JPMorgan Locations: Mountain View , California

☆ Google is 'going on the offensive:' What analysts are saying after latest Alphabet earnings
▼ + stars: | 2024-04-26 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Analysts from major firms, ranging from UBS to Bank of America, were encouraged by accelerated growth in Google Search, Cloud and YouTube seen in the previous quarter. GOOGL YTD mountain Google stock this year. Sandler kept his overweight rating and increased his price target by $27 to $200, which implies 28% potential upside from Thursday's close. Jefferies's Brent Thill maintained his buy rating and upped his price target by $20 to $200, saying shares are trading at an attractive valuation. His target price suggests only about 11% potential upside from Thursday's close.

Persons: Doug Anmuth, Anmuth, Ross Sandler's, Sandler, Jefferies's Brent Thill, Oppenheimer, Jason Helfstein, Justin, Ken Gawrelski, Gawrelski Organizations: Google, UBS, Bank of America, YouTube, JPMorgan, Barclays, –, buybacks, & &

☆ Here are Friday's biggest analyst calls: Nvidia, Microsoft, Alphabet, Apple, Snap, Intel, Western Digital and more
▼ + stars: | 2024-04-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Alphabet as buy Bank of America said it is sticking with its buy rating on Alphabet following earnings Thursday. Deutsche Bank reiterates Snap as buy Deutsche Bank said it is sticking with its buy rating on the stock following earnings on Thursday. " Goldman Sachs reiterates Intel as sell Goldman Sachs said it is standing by its sell rating on Intel shares following earnings Thursday. Benchmark upgrades Western Digital to buy from hold Benchmark upgrades Western Digital following the company's "major upside" earnings report. Bank of America reiterates Nvidia as buy Bank of America said Nvidia remains a top idea at the firm.

Persons: Goldman Sachs, prioritization, Maxim, Bank of America downgrades Hertz, Raymond James, Knight, Morgan Stanley downgrades Mobileye, Morgan Stanley, Piper Sandler, Wells, Dow Organizations: Bank of America, Deutsche, Deutsche Bank, Microsoft, Intel, TAM, Apple, Barclays, Enphase Energy, Digital, " Bank of America, Sonic Automotive, underperform Bank of America, Underperform, of America, Nvidia, AMD, MU, Caterpillar, Air Defense, Swift Transportation, EPAM, IT Services, Materials, Compass Minerals, JPMorgan, Dow, Teledyne, HSBC Locations: China, underperform, Israel

Microsoft and a major chemical stock were among Friday's biggest analyst calls. He also lowered his price target by $1 to $25, which implies shares can fall roughly 19% from Thursday's close. Sandler increased his price target by $27 to $200, which implies 26.6% potential upside. JPMorgan: Analyst Mark Murphy added $30 to his price target, which is now at $470. He also hiked his price target to $61 from $55, which implies upside of 8% going forward.

Persons: Morgan Stanley, Mobileye, Adam Jonas, Jonas, — Pia Singh, Stifel, Stanley Elliot, Elliott, Alphabet's, Oppenheimer, Jason Helfstein, Ross Sandler, Sandler, Brent Thill, Google's, Justin Post, Post, Wall, Raimo Lenschow, Wells, Michael Turrin, MSFT, Turrin, Mark Murphy, Murphy, Keith Weiss, Weiss, Jeffrey Zekauskas, Zekauskas, Dow, Fred Imbert Organizations: CNBC, Microsoft, JPMorgan, Dow Inc, TAM, Caterpillar, Google, Barclays, –, Jefferies, Bank of America, DOW Locations: Israel, Thursday's, reaccelerate, Wells Fargo

☆ These stocks reporting earnings next week have a history of beating Wall Street expectations
▼ + stars: | 2024-04-26 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

A large group of stocks are reporting earnings next week — and some could be in for notable moves if history repeats itself. It comes during what is shaping up to be a strong earnings season, with nearly 4 out of 5 companies that have reported exceeding Wall Street expectations. In the runup to next week, Bespoke Investment Group screened for names that are scheduled to report that could gain on the back of strong results. Here are the stocks reporting next week that passed the screen: By both measures, HubSpot shows the most promise of the companies reporting next week. The restaurant chain has topped forecasts for earnings per share 77% of the time, with an average advance following earnings of 3.75%.

Persons: HubSpot, Stephens, Jim Salera, Trevor Young Organizations: Investment, Google, Bank of America, LSEG, Holdings, Barclays Locations: Texas

☆ Stock market today: Dow falls 375 points as traders brace for new inflation data after weak GDP
▼ + stars: | 2024-04-25 | by ( Max Adams | Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

Commentators pointed out that the data was still mostly strong but inflation is problematic. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementStocks fell on Thursday, with the Dow Jones Industrial Average losing 375 points as the market took in weaker-than-expected economic data. Savings rates are falling as sticky inflation puts greater pressure on the consumer," LPL Financial chief economist Jeffrey Roach said.

Persons: —, Stocks, Jeffrey Roach Organizations: Service, Dow Jones Industrial, Reserve, Barclays, Bank of America, PCE, Financial, Treasury, Meta, Microsoft, Google

☆ The US economy may be barrelling towards stagflation, an outcome worse than recession
▼ + stars: | 2024-04-25 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

The provides the backdrop for stagflation, which can't be combated with rate cuts. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . With additional help from high government spending and the dollar's de-coupling from gold, inflation surged into double digits, while the economy tumbled. The period was so tumultuous that it undid long-standing macroeconomic theories, and required the Fed to step up its role in the economy.

Persons: —, David Donabedian, It's, listlessness, stagflation, Paul Volcker, Jamie Dimon, we've, Pooja Sriram, Powell Organizations: Service, CIBC Private Wealth, OPEC, Economic, of New, Barclays Locations: of New York

☆ Wall Street stands by Meta even as costs rise and the stock sells off, cites AI leadership
▼ + stars: | 2024-04-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Wall Street analysts are standing by Meta Platforms despite Thursday's sell-off. The analyst cut his price target to $480 from $535 a share, noting that building and creating new products is no easy — or quick — feat. The adjusted price target reflects nearly 3% downside from Wednesday's close. Morgan Stanley analyst Brian Nowak retained his overweight rating and $550 price target, saying the firm remains "buyers through Meta's investments." Meta isn't alone in this feat, with Nowak expecting competitors to undertake similar steps as more AI opportunities arise.

Persons: Doug Anmuth, Benjamin Black, Black, Citi's Ronald Josey, Goldman Sachs, Eric Sheridan, Morgan Stanley, Brian Nowak, Meta isn't, Nowak, Bank of America's Justin Post, Ross Sandler, Mark, Zuckerberg, Sandler Organizations: Meta, Facebook, Deutsche Bank, Bank of America's, Barclays

☆ Barclays swings back to profit in first quarter amid strategic overhaul
▼ + stars: | 2024-04-25 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

LONDON — Barclays on Thursday reported first-quarter net income attributable to shareholders of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul. Analysts polled by Reuters had expected net profit attributable to shareholders of £1.29 billion for the quarter, according to LSEG data. Barclays reported a net loss of £111 million in the fourth quarter of 2023 due to an operational shake-up designed to reduce costs and improve efficiencies. The overhaul saw the reorganization of the business into five operating divisions, separating the corporate and investment bank to form: Barclays U.K., Barclays U.K. Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank and Barclays U.S. Consumer Bank. The bank also pledged to return £10 billion to shareholders between 2024 and 2026 through dividends and share buybacks.

Persons: C.S, Venkatakrishnan, — CNBC's Elliot Smith Organizations: LONDON, Barclays, Reuters, Tesco Bank, Corporate Bank, Barclays Private Bank, Wealth Management, Barclays Investment Bank, Barclays U.S . Consumer Bank

☆ Meta tumbles 12% on weak revenue forecast and Zuckerberg's comments on spending
▼ + stars: | 2024-04-25 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Meta shares tumbled 12% Thursday morning after the company issued weak revenue guidance that overshadowed its first-quarter earnings beat. ET, wiping out roughly $161 billion in market cap from its $493.5 closing price before earnings on Wednesday. Meta expects second-quarter revenue of $36.5 billion to $39 billion. Barclays analysts maintained an overweight rating of Meta stock and lowered their price target to $520 from $550 in an investor note Wednesday. "If there is anything META has proven over the years, it's extremely good at executing during big platform shifts in tech, arguably the best," the Barclays analysts wrote.

Persons: Mark Zuckerberg, Bernstein, Zuckerberg, Michael Bloom Organizations: U.S . Capitol, Meta, JPMorgan, Barclays Locations: Washington , U.S

Rubrik, a data-management software company backed by Microsoft , priced its IPO at $32 a share, according to a person familiar with the matter. Rubrik raised $752 million through the initial public offering, valuing the company at $5.6 billion. Rubrik now gets 91% of its revenue from subscriptions, up from 59% two years ago. Revenue increased less than 5% in the fiscal year that ended on Jan. 31, but annual recurring revenue from subscriptions jumped 47%. "Our key top-line metric is subscription ARR," Rubrik finance chief Kiran Choudary said in a videotaped presentation for the company's IPO roadshow.

Persons: Rubrik, Reddit, Kiran Choudary, Bipul Sinha, Sinha Organizations: Microsoft, New York Stock, Nasdaq, Astera Labs, Barclays, Carhartt, Venture Locations: U.S, Rubrik

☆ Ryan Garcia: Boxer was three pounds overweight for major fight. It went ahead and he shocked the world
▼ + stars: | 2024-04-24 | by ( Jonny Velasquez | Ben Morse | ) edition.cnn.com time to read: +7 min

Ahead of the fight, Garcia missed the weight limit for the bout, which ended his chances of competing for a world title on April 20. “In the ring, I’m gonna beat your a**,” Garcia posted on Instagram ahead of the fight. I bet you hoped it was some kind of mental health issues.”Many speculated that Ryan was going through a mental health crisis, including boxing promoter Eddie Hearn. Garcia hasn’t shied away from talking about his struggles with mental health. During the press conference for the fight, Haney asked Garcia to pay him $500,000 per pound if he missed weight.

Persons: jabbed, Ryan Garcia, Canelo, Óscar Valdez, Lord Jesus Christ, of Kings, Lord of Lords, ” Garcia, Garcia, Andrea Celina, Haney, It’s, reestablishes Garcia, “, Devin Haney, ”, I’m, Cris Esqueda, Muhammad Ali, Mike Tyson, Tyson Fury, Deontay Wilder, Ryan, Eddie Hearn, Ryan Garcia implode, ” Hearn, Garcia hasn’t shied, Luke Campbell, you’re, Emmanuel Tagoe, ‘, he’s, Youtuber, Jake Paul, Garcia’s, Garcia pounced, Saturday’s, Gervonta Davis Organizations: CNN, WBC, Barclays Center, Truman, Boxing Social, Breakfast, ” CNN, New York State Athletic Commission, ESPN Locations: Brooklyn , New York, San Antonio , Texas, New York State

☆ Oil rises in early Asian trading, Middle East tensions remain in focus
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: +1 min

Oil prices edged higher in early Asian trading on Tuesday, reversing losses from the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East. Oil prices edged higher in early Asian trading on Tuesday, reversing losses from the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East. Both benchmarks fell 29 cents in the previous session on signs that a recent escalation of tensions between Israel and Iran had little near-term impact on oil supplies from the region. Barclays analysts said on Monday that risks to their $90 a barrel forecast for this year's Brent prices remain skewed higher. U.S. crude oil inventories are expected to have increased last week while refined product stockpiles likely fell, according to a preliminary Reuters poll of analysts.

Persons: Brent Organizations: Global, Brent, U.S, West Texas, ANZ, Barclays Locations: East, Israel, Iran

☆ Earnings this week will be dominated by Big Tech. What analysts expect
▼ + stars: | 2024-04-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

Big technology earnings this week could offer a much-needed catalyst for a market under pressure. Last week, the S & P 500 and Nasdaq Composite notched their longest daily losing streaks since October 2022, with the broad index posting its worst week since March 2022. Big Tech's performance this week could set the tone for the rest of earnings season and revive the market momentum. Tesla Tesla launches the reporting period for the "Magnificent Seven" stocks, with results due out after the bell Tuesday. Meta Platforms Meta Platforms ' results are due out after the bell Wednesday.

Persons: Tesla, Elon Musk, John Murphy, Longtime Deutsche Bank Tesla, Emmanuel Rosner, Brent Thill, Bernstein, Mark Shmulik, Doug Anmuth, Justin Post, Goldman Sachs, Eric Sheridan, Jefferies, Bernstein's, Wells Fargo's Michael Turrin, Piper Sandler's Brent Bracelin, Kash Rangan, Brad Zelnick, OpenAI, Satya Nadella Organizations: Federal Reserve, Nasdaq, Tesla Tesla, Bank of America, Barclays, Longtime Deutsche Bank, Microsoft, Deutsche, NVIDIA Locations: China

☆ Tesla earnings are coming up. Here's what traders are looking for in the report
▼ + stars: | 2024-04-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Tesla is due to report earnings after the bell Tuesday, with Wall Street looking for any sign of a reprieve from this year's struggles. Here's the company's setup heading into the report, what analysts expect and which product updates analysts and investors are going to focus on. Big earnings drop expected For the first quarter, analysts polled by LSEG expect Tesla to report earnings of 51 cents per share, which represents a 39.8% year-over-year decline in earnings. Wells Fargo's Colin Langan maintained his underweight rating and cut his price target to $120 a share, citing poor fundamentals. Deutsche Bank's Emmanuel Rosner downgraded the stock to hold from buy and slashed his price target to $123 a share.

Persons: Tesla, Tom Narayan, Itay Michaeli, Wells Fargo's Colin Langan, Deutsche Bank's Emmanuel Rosner, Rosner, Morgan Stanley's Adam Jonas, Jonas, Elon Musk, Musk, America's John Murphy, Murphy, Deutsche Bank's Rosner, Levy Organizations: Management, RBC, LSEG, Citi, Deutsche, EV, Reuters, America's, Barclays, Tesla

☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Apple, Roblox, Tesla, Qualcomm, Disney & more
▼ + stars: | 2024-04-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: Loop initiates MongoDB as buy Loop sees growth accelerating for the developer data platform company. JPM reiterates General Motors and Ford as overweight JPMorgan said the stocks will benefit from "lower commodities & higher production outside China." JPMorgan upgrades Assai to overweight from neutral JPMorgan said it sees improving trends and better visibility for the Brazilian wholesaler. JPMorgan upgrades Roblox to overweight from neutral JPMorgan said it sees a "compelling entry point" for the stock. JPMorgan downgrades Five Below to neutral from overweight JPMorgan downgraded Five Below due to "ongoing macro pressure."

Persons: JPM, JPMorgan, KeyBanc, Wells, D.A, Davidson, Davidson's, Berenberg, Morgan Stanley, Harley, Evercore, it's bullish, it's, Tesla, Rosenblatt, Oppenheimer, Dwight, Key, Truist, Wolfe, Warner, Price Organizations: Motors, Ford, GM, Nvidia, MU, BMO, prem, NICE, JPMorgan, Barclays, Apple, Albertsons, Catalyst Watch, NOVA, Penn Entertainment, PENN, ESPN Bet, Benchmark, Qualcomm, Warner Brothers, Warner, HBO Locations: China, Texas, U.S

☆ Medium is cutting more than $500K in monthly cloud spend. More companies could follow suit.
▼ + stars: | 2024-04-22 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +3 min

It's not just Stubblebine who plans to continue cutting cloud costs. The cloud industry refers to cost-cutting as "cloud optimization." Last year, cloud providers like Amazon Web Services and Microsoft cited cloud optimization as the reason cloud sales growth had slipped to historic lows. As growth has crept back up in recent months, these same companies have declared the days of cloud optimization to be over. But Stubblebine thinks that cloud optimization is part of a broader mentality shift sweeping the pre-IPO startup world.

Persons: —, Tony Stubblebine, What's, Stubblebine, It's, We're, Ellen Thomas Organizations: Service, Business, Barclays, Amazon Web Services, Savings, Microsoft Locations: Snowflake

☆ Loads of analysts cut their price targets on these 10 stocks ahead of earnings
▼ + stars: | 2024-04-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Analysts have lowered their expectations on several global stocks this week by cutting their price targets. The list of stocks includes auto stocks Tesla , Rivian and Aptiv , pharmaceutical firms Biogen and Novartis , energy companies EQT Corp and TotalEnergies , airline Deutsche Lufthansa and aerospace firm Boeing , and fast food giant McDonald's . The price target changes come ahead of the next earnings season covering the first quarter of this year. CNBC Pro screened for global stocks in the MSCI World index that have received price target downgrades over the past seven days and are yet to report earnings. Tesla Wall Street analysts from 15 firms downgraded their 12-month price targets for Tesla over the past week.

Persons: Elon Musk, Tesla's, Tesla, Stifel Nicholas, Johannes Braun, Marc Zeck, Samantha Subin, Michael Bloom Organizations: Novartis, EQT Corp, Deutsche Lufthansa, Boeing, CNBC Pro, Barclays, Lufthansa Locations: Stifel

☆ Netflix earnings are about to hit the Street. Here’s what traders need to know
▼ + stars: | 2024-04-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

Wall Street anticipates a largely rosy setup for the stock, with many forecasting that the company beats, or reports in line with expectations. The anticipation contributed to some Wall Street firms lifting their price targets heading into the print. Under the paid sharing plan , Netflix account owners can buy an extra member slot and invite people outside their household to use the service. "After 1Q24, Netflix begins to lap the paid sharing benefits - most significantly in 2H24," wrote Morgan Stanley's Swinburne. Reason for caution Despite Netflix's strong run this year and the benefits reaped through paid sharing, some Wall Street analysts see reasons for caution.

Persons: —, Morgan Stanley, Benjamin Swinburne, Doug Anmuth, Morgan Stanley's Swinburne, Piper Sandler, Wall, Anmuth, Goldman Sachs, Eric Sheridan, Bryan Kraft, Kannan Venkateshwar, Deutsche Bank's Kraft, Piper Sandler's Matt Farrell, MoffettNathanson's Michael Nathanson, Street's, Farrell, Citi's Jason Bazinet Organizations: Netflix, LSEG, Deutsche Bank, Barclays, Street, Kraft, Deutsche, WWE, NBA, Netflix's WWE Locations: 2H24

☆ Taylor Swift fans lose at least $1 million to Eras Tour scams in the UK
▼ + stars: | 2024-04-18 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Thousands of Taylor Swift’s UK fans have been duped into buying fake tickets for her upcoming Eras Tour concerts, according to a major British bank. With all UK dates now sold out, desperate fans are more likely to turn to resale sites and social media for tickets. Lloyds said it expects to see “many more fans fall victim to ticket scams in the coming weeks and months,” leading up to the first concert in Edinburgh, Scotland. According to UK Finance, a financial services industry association, Brits lost more than £40 million ($50 million) to “purchase scams,” including sales of fraudulent tickets, in the first half of last year. In November, the bank warned customers over ticket scams relating to Glastonbury, the popular outdoor music festival held annually in England in the summer.

Persons: Taylor Swift’s, —, Swift, ”, you’re, Liz Ziegler, you’ve, nothing’s, they’ve, Kirsty Adams, Taylor Swift Organizations: London CNN, Lloyds Bank, “, Lloyds, Ticketmaster, UK Finance, HSBC, Europe’s, CNN, Barclays, Glastonbury, Olympics Locations: British, Singapore, United States, United Kingdom, Edinburgh, Scotland, Glastonbury, England

☆ Fed's only mistake would be easing too quickly: Atlas Merchant Capital CEO
▼ + stars: | 2024-04-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's only mistake would be easing too quickly: Atlas Merchant Capital CEOBob Diamond, Atlas Merchant Capital CEO and former Barclays CEO, joins 'Squawk on the Street' to discuss whether investors can forecast the economy right now, the commentary thus far from earnings, and more.

Persons: Bob Diamond Organizations: Atlas Merchant Capital, Barclays

☆ Barclays cuts Tesla price target, here's why
▼ + stars: | 2024-04-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBarclays cuts Tesla price target, here's whyDan Levy, Barclays Tesla analyst, joins 'Money Movers' to discuss the firm's recent downgrade of Tesla's stock.

Persons: Dan Levy Organizations: Barclays

Barclays cut its price target on Tesla. Turrin's $480 price target suggests Microsoft shares, which are up more than 10% this year, could add another 15.8% over the next 12 months. Nardone kept his $150 price target, which implies Crocs shares could gain 24.3% over the next 12 months. Tesla shares, which have lost more than 36% this year, traded 1.3% higher in premarket trading. Redburn Atlantic also cut its price target to $130 from $150, reiterating its sell rating on the stock.

Persons: Raymond James, Wells, Michael Turrin, Turrin, — Pia Singh, Crocs, Christopher Nardone, Terence Reilly, Nardone, Stanley, Ben Chaiken, Chaiken, Jefferies, Corey Tarlowe, Tarlowe, Tesla's, Dan Levy, Levy, Tesla, Pavel Molchanov, Vernova, Molchanov, Fred Imbert Organizations: CNBC, Wednesday's, Barclays, GE, Microsoft, Bank of America Bank of America, Royal, Mizuho Securities Mizuho, Royal Beach Club, Urban, Jefferies, Urban Outfitters, Abercrombie, General Electric, GE Vernova Locations: Wells Fargo, Heydude, Royal Caribbean, Tuesday's

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