DIRS.INFO The most relevant business & tech news

☆ One of the most sobering McDonald's quarters we've heard in quite some time, says Evercore's Palmer
▼ + stars: | 2024-04-30 | 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 EmailOne of the most sobering McDonald's quarters we've heard in quite some time, says Evercore's PalmerDavid Palmer, Evercore ISI senior managing director, joins 'Squawk on the Street' to discuss what to make of McDonald's latest quarterly earnings results, what would take McDonald's stock to $330 a share, and more.

Persons: we've, Evercore's Palmer David Palmer

☆ Luxury real estate prices just hit an all-time record
▼ + stars: | 2024-04-22 | by ( Robert Frank | ) www.cnbc.com time to read: +1 min

Overall real estate sales fell 4% nationwide in the first quarter, according to Redfin. Yet, luxury real estate sales increased more than 2%, posting their best year-over-year gains in three years, according to Redfin. Real estate experts and brokers chalk up the divergence to interest rates and supply. In Manhattan, all-cash deals hit a record 68% of all sales, according to Miller Samuel. The median price of luxury homes hit an all-time record of $1,225,000 during the period.

Persons: Miller Samuel, David Palmer Locations: Real, Manhattan, Seattle

Morgan Stanley raised its price target on Ford after the company reassessed its electric vehicle strategy. That "paints path to ~$230-$290 stock price as we argue AMZN could warrant an even higher multiple in this scenario," he added. — Michelle Fox 7:38 a.m.: Evercore hikes Disney price target, points out near-term catalysts Walt Disney has a bright near-term outlook, according to Evercore ISI. In addition to cutting his price target, Harned also pulled down his outlook for free cash flow and deliveries. — Alex Harring 5:48 a.m.: KeyBanc raises Nvidia price target There's no slowing down Nvidia , according to KeyBanc.

Persons: Morgan Stanley, KeyBanc, Brian Nowak, Jon Tower, — Michelle Fox, Walt Disney, Vijay Jayant's, Jayant, Bob Iger, — Lisa Kailai Han, David Palmer, Palmer, Uber, — Alex Harring, Bernstein, Douglas Harned, Harned, Dave Calhoun, Alex Harring, Anthony Chukumba, Chukumba, selloff, Ross Seymore, Seymore, TD Cowen, Doug Anmuth, Anmuth, there's, John Blackledge, Blackledge, Jason Bazinet, Bazinet, There's, Goldman, Goldman Sachs, Kate McShane, McShane, BJ, Mark Strouse, Strouse, Adam Jonas, Jonas, Ford, John Vinh, Vinh, Fred Imbert Organizations: CNBC, Monday's, Ford, Nvidia, Amazon, Citi Citi, Grill, ISI, Disney, India's Reliance Industries, Reliance Industries, Netflix, Hulu, Boeing, Dow Jones, Capital, Loop Capital, Deutsche Bank, Broadcom, VMWare, JPMorgan, Citi, BJ's Wholesale, GE, GE Vernova Locations: Michigan, Alaska, F1Q, California, The Massachusetts, Friday's, China

☆ The housing market's inventory crisis is finally easing
▼ + stars: | 2024-03-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Read previewUS home-sellers are finally getting accustomed to higher mortgage rates. "The housing market is nothing like it was two years ago during the pandemic homebuying frenzy, but it's better than it was last year. Mortgage-purchase applications declined through February, as rates rose from early 2024. While mortgage rates are moving back down from last month's 6.78% average, they are likely to remain elevated for longer, Redfin said. AdvertisementBetween mortgage rates and higher prices, the median US monthly housing payment stood $2,686 through February, just $30 below last year's all-time high.

Persons: —, Redfin, It's, David Palmer, Sellers Organizations: Service, Business, Mortgage, White

☆ McDonald's should be in a good position this year despite global weakness, says Evercore's Palmer
▼ + stars: | 2024-02-05 | 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 EmailMcDonald's should be in a good position this year despite global weakness, says Evercore's PalmerDavid Palmer, Evercore ISI analyst, joins 'Squawk on the Street' to discuss McDonald's quarterly earnings results, whether the boycott headwinds in France will worsen, and more.

Persons: Evercore's Palmer David Palmer Organizations: headwinds Locations: France

☆ Earnings playbook: Your guide to the busiest week of the reporting season
▼ + stars: | 2024-01-28 | by ( Fred Imbert | ) www.cnbc.com time to read: +10 min

What history shows: GM beats earnings estimates 87% of the time, according to data from Bespoke Investment Group. Alphabet is set to report earnings after the close. What history shows: Alphabet averages a 1.45% gain after reporting earnings, Bespoke data shows. What history shows: Amazon exceeds earnings expectations 63% of the time, according to Bespoke. What history shows: Meta shares have risen in three of the last four earnings days, per Bespoke, including a 23.3% rally.

Persons: Bard chatbot, Gus Richard, David Palmer, Palmer, MSFT, Jordan Novet, bode, Leslie Josephs, Max, Alaska's, AAPL, AMZN, Mark Zuckerberg Organizations: Meta, Apple, ., Motors, CNBC, Tuesday, United Auto Workers, LSEG, Investment, AMD, Starbucks, Microsoft, Management, Wednesday Boeing, Alaska Airlines, FAA, Boeing, United Airlines, Web, Mizuho Securities, Nvidia Locations: Northland, China, Alaska

☆ Restaurant stocks McDonald's and Chipotle could be due for a pullback after the market's rally this week
▼ + stars: | 2023-11-03 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

The stock market is enjoying its best week of 2023, but some names may have gotten ahead of themselves. That said, some stocks have become overbought during this week's rally — and could be due for a pullback. MCD YTD mountain McDonald's stock Beverage company Coca-Cola was another one of the several consumer names on this week's overbought list. Here are the 10 most oversold names in the broad market index: Several health-care companies were among this week's most oversold stocks. SEDG 1D mountain SolarEdge shares Revvity, Henry Schein, Align Technology and Fortive are some of the other oversold names from this week.

Persons: McDonald, Kraft Heinz, Amgen, David Palmer, CNBC's, Dr Pepper, SolarEdge, Zvi Lando, Henry Schein Organizations: Dow Jones, Nasdaq, PayPal, Pfizer, CNBC, Beverage, PepsiCo, Monster Beverage, Grill, Darden, Moderna, Enphase Energy, SolarEdge Technologies, Technology Locations: U.S, Europe

☆ McDonald's competitive position is extremely strong right now, says Evercore's David Palmer
▼ + stars: | 2023-10-30 | 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 EmailMcDonald's competitive position is extremely strong right now, says Evercore's David PalmerDavid Palmer, restaurant and packaged food analyst at Evercore ISI, joins 'Squawk on the Street' to discuss McDonald's quarterly earnings results, what needs to happen for the company to meet its guidance, and the impact of GLP-1 drugs on the fast food giants' bottom line.

Persons: Evercore's David Palmer David Palmer Organizations: Evercore ISI

☆ McDonald's latest earnings results outperform estimates amid price hikes. What the pros say
▼ + stars: | 2023-10-30 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcDonald's latest earnings results outperform estimates amid price hikes. What the pros sayJim Cramer, Sara Senatore of Bank of America, Kathryn Kaminski of AlphaSimplex Group, and David Palmer of Evercore ISI discussed McDonald's after the company reported third-quarter earnings that beat on the top and bottom lines.

Persons: Jim Cramer, Sara Senatore, Kathryn Kaminski, David Palmer Organizations: Bank of America, AlphaSimplex, Evercore ISI

☆ Pricing power seems to be more important for food stocks than GLP-1 drugs, says Evercore's Palmer
▼ + stars: | 2023-10-16 | 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 EmailPricing power seems to be more important for food stocks than GLP-1 drugs, says Evercore's PalmerDavid Palmer, restaurant and packaged food analyst at Evercore ISI, joins 'Squawk on the Street' to discuss whether clients are asking about the impact of GLP-1 drugs, which company stocks have been wrongfully hurt by the new drugs, and more.

Persons: Evercore's Palmer David Palmer Organizations: Evercore ISI

☆ The US housing market is starting to flash a few rays of sunshine for homebuyers
▼ + stars: | 2023-09-30 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

The US housing market is starting to flash a few rays of sunshine for prospective homebuyers. It comes as the housing market has been stuck, with sales activity stalling as high rates discourage buying and selling. In fact, the situation is so bad that Redfin CEO Glenn Kelman recently declared the market has hit "rock bottom." More precisely, the 30-year mortgage rate hit the highest level in 23 years, climbing further above 7%. In the existing home market, sellers are growing open to negotiating about the asking price, or offering concessions, like funding home repairs or a mortgage-rate buydown.

Persons: —, Glenn Kelman, Altos, Redfin, David Palmer Organizations: Altos Research, Service

☆ Why Some Seats at Elite Colleges Only Go to Prep School Students
▼ + stars: | 2023-09-01 | by ( Douglas Belkin | ) www.wsj.com time to read: 1 min

The Supreme Court has banned colleges from using race as an admission criterion, essentially ending affirmative action. California did the same 25 years ago. Photo illustration: Madeline MarshallThis summer, Cornell University’s squash coach, David Palmer, is tracking 200 of the best high-school juniors. Over the next 10 months, he will begin to decide which six to recruit, paving their path for admission to one of the most selective universities in the country.

Persons: Madeline Marshall, David Palmer Organizations: Cornell Locations: California

☆ Evercore's David Palmer on the state of the U.S. consumer
▼ + stars: | 2023-08-02 | 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 EmailEvercore's David Palmer on the state of the U.S. consumerDavid Palmer, restaurant and packaged food analyst at Evercore ISI, joins 'Squawk on the Street' to discuss Starbucks' strong demand in China, the state of the U.S. consumer, and more.

Persons: David Palmer Organizations: Evercore ISI, Starbucks Locations: China

☆ ‘California is meant to burn': Experts teach landowners art of prescribed burns
▼ + stars: | 2023-06-01 | by ( Nathan Frandino | ) www.reuters.com time to read: +3 min

[1/5] Volunteer David Palmer takes part in a broadcast burn in advance of wildfire season near Blodgett Forest Research Station in Georgetown, California, U.S., May 20, 2023. Teaching locals is exactly what Susie Kocher is hoping to accomplish through the El Dorado Amador Prescribed Burn Association. Founded in 2021, the association teaches private landowners about prescribed burns, including how to plan and carry them out safely. California last year launched a strategic plan for wildfire and forest resilience with the aim of expanding prescribed burns to 400,000 acres annually by 2025. The Saturday class for two dozen volunteers – mostly college students and a few private landowners - at the Blodgett Forest Research Station west of Lake Tahoe turned out just as the experts had hoped.

Persons: David Palmer, Loren Elliott GEORGETOWN, Susie Kocher, Amador, it's, Kocher, Sarah Fischbach, haven't, ” Fischbach, we're, ”, Ariel Roughton, Cathy Mueller, we've, ” Mueller, Nathan Frandino, Mary Milliken, David Gregorio Our Organizations: Research, REUTERS, El, Burn, “, Blodgett, Thomson Locations: Blodgett, Georgetown , California, U.S, Loren Elliott GEORGETOWN , California, California, Sierra Nevada, Lake, “ California

☆ Quality over quantity: As population shrinks, these companies will benefit from a 'trade-up' effect
▼ + stars: | 2023-04-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

A big shift in consumer demand is coming as global population growth slows, and that means companies need to respond with more active approaches to generate outperformance, according to Evercore ISI. Historically, booming population growth, globalization and industrialization have supported economic growth, Julian Emanuel, the firm's senior managing director, wrote in an April 5 note. "Companies with higher value-added services and better quality will likely better capture market share than those relying solely on volume growth." "Consumer companies that focus on 'trade-up' categories and premiumization could benefit as middle-income discretionary spend continues to rise," Emanuel said. Meanwhile, McDonald's top six markets — including the U.S., U.K. and France — are all experiencing slowing population growth.

☆ Conagra CFO Doesn’t See Need for Big Price Increases in Near Term
▼ + stars: | 2023-01-13 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +4 min

Photo: Conagra Brands“We won’t have any more significant price increases unless our cost, our inflation estimate, starts to go back up,” Mr. Marberger said. The reading comes amid moderating price increases after a peak of 9.1% in June. I never, ever remember that kind of a price increase,” Mr. Marberger said. “They are now turning the corner and from here are going to need less rapid price increases, unless some other price shocks occur.”Conagra’s sales volumes fell 8.4% for the quarter ended Nov. 27 as customers responded to the price increases, the company said. “And that plays well for us.”Overall, Conagra’s customers—which include retailers Walmart Inc. and Kroger Co. —have accepted the price increases, Mr. Marberger said.

☆ Why one fast-casual restaurant is a Wall Street favorite, even with a recession looming
▼ + stars: | 2023-01-13 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +6 min

One fast-casual restaurant chain has remained a favorite on Wall Street even as the U.S. grapples with a potential looming recession. Over the past 15 months, the burrito chain has introduced three rounds of price increases that boosted the cost of its products 13% from a year earlier. In addition, many Wall Street analysts are forecasting a mild recession, which is better for fast-casual restaurants as the hope is consumers won't have to pull back very much or for very long. Potential for growth Another reason that Wall Street likes Chipotle is that it has solid potential for growth in the coming months and years, according to Zackfia. Overall, however, Wall Street sees fast-casual restaurants holding up to economic weakness.

☆ These are the 10 U.S. cities where housing markets are cooling the fastest—and only one is in Florida
▼ + stars: | 2022-09-27 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

Redfin's 2022 report ranked Seattle, Washington as the city where the housing market is cooling off the fastest. The housing market is in flux right now, thanks to high mortgage rates, persistent inflation, and economic uncertainty, according to Redfin's 2022 report. 1 city where the housing market is cooling the fastest: Seattle, WAAccording to Redfin's report, Seattle's housing market is cooling off faster than any other in the country. Tacoma, about 35 miles south of Seattle, is also among the top 10 markets cooling fastest. Top 10 cities where housing markets are cooling the fastest in 2022

Search resuls for: "David Palmer"

18 mentions found