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☆ Friday's analyst calls: Street reacts to Apple buybacks and Coinbase earnings
▼ + stars: | 2024-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +12 min

Analyst Scot Ciccarelli upgraded the retailer to buy from hold and raised his price target by $6 to $86. — Alex Harring 6: 22 a.m.: Here's what Wall Street thinks of Coinbase's earnings Coinbase's stronger-than-expected earnings have prompted analyst reactions. Barclays' Benjamin Budish (underweight, $179 price target unchanged, 21.8% downside): "The biggest question going forward is, how sustainable are these trends? — Alex Harring 6:12 a.m.: Wall Street reacts to Apple earnings Apple's buyback announcement has caught the eye of Wall Street analysts. Analyst Benjamin Nolan upgraded the railroad stock to buy from hold and increased his price target by $19 to $267.

Persons: Morgan Stanley, Jefferies, Bernstein, Aneesha Sherman, Sherman, — Alex Harring, Truist, Scot Ciccarelli, Ciccarelli, Ollie's, Estee Lauder, Dara Mohsenian, Mohsenian, Alex Harring, FactSet, Coinbase, what's, —, Goldman Sachs, Will Nance, Benjamin Budish, Oppenheimer's Owen Lau, JPMorgan's Samik Chatterjee, Morgan Stanley's Erik Woodring, Michael Ng, bullish, George Notter, Notter, We've, it's, Stifel, Benjamin Nolan, Nolan, — Alex Harring —, Michael Bloom Organizations: CNBC, Arista and Union Pacific, Apple, Arista, FactSet, Barclays, Bloomberg, ASU, Street, Services, Jefferies, Arista Networks, Nvidia, Microsoft, Meta, Pacific, Union Pacific Locations: F3Q, China, Thursday's

☆ Alphabet stock surges 11% on blowout earnings and first dividend for Google owner
▼ + stars: | 2024-04-26 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Alphabet shares surged in Friday's premarket after a blowout earnings report for the Google owner. AdvertisementAlphabet stock surged ahead of Friday's opening bell as investors cheered the Google owner's blowout first-quarter earnings. If those gains hold until the opening bell, its valuation will top $2 trillion for the first time. Meanwhile, Microsoft stock made more modest gains after it reported first-quarter earnings on Thursday afternoon. Shares were up almost in pre-market trading, putting its market capitalization on course to jump about $11 billion at the opening bell back above $3 trillion.

Persons: —, AJ Bell, Russ Mould, Amy Hood, hadn't, OpenAI, Sophie Lund, Yates, Hargreaves Lansdown Organizations: Google, Microsoft, Nasdaq, Big Tech, Service, Apple Locations: Friday's

Elsewhere, Bank of America raised its price target on Nvidia, calling for more than 25% upside. 7:07 a.m.: Deutsche Bank deals latest blow to regional bank after earnings disappoint Deutsche Bank joined the post-earnings dogpile on New York Community Bank . Analyst Bernard von-Gizycki downgraded the regional bank to hold from buy and slashed to price target to $7 from $15. Analyst Alicia Yap upgraded the consumer internet stock to buy from neutral and raised her price target by $6 to $50. — Alex Harring 5:45 a.m.: Bank of America hikes Nvidia price target Don't expect Nvidia to lose momentum anytime soon, according to Bank of America.

Persons: Goldman Sachs, Bernard von, Gizycki, — Alex Harring, There's, Alicia Yap, Sea's, Shopee, Alex Harring, what's, Tim Cook, Brandon Nispel, AAPL's, AAPL, Morgan Stanley, Erik Woodring, we're, Tim Long, Piper Sandler, Harsh Kumar, Meta, Ross Sandler, Benjamin Black, Mark Kelley, Bernstein, Mark Shmulik, LSEG, Rufus, Eric Sheridan, Brian Nowak, outsized, Brad Erickson, Vivek Arya, Fred Imbert Organizations: CNBC, Apple, Bank of America, Nvidia, Deutsche Bank, New York Community Bank, von, Investors, Traders, Citi, Nasdaq, Conference, Barclays, Vision, Meta, Wall Street, Amazon, RBC Capital, Enterprise, SAP, VMWare, Dell Locations: Wall, New, Thursday's, Friday's premarket, China, genAI, CY25

☆ Spirit Airlines jumps 30% after raising fourth-quarter forecast
▼ + stars: | 2024-01-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Spirit Airlines on Friday raised its financial forecast for the fourth quarter of 2023, sending shares soaring more than 30% after a rout earlier this week that followed a judge's ruling that blocks JetBlue Airways from buying the budget carrier. Spirit said in a filing that it expects revenue to come in at about $1.3 billion, at the high end of its earlier forecast, thanks to strong bookings at the end of the year. The airline said in the filing that it had $1.3 billion of liquidity at the end of 2023. Spirit said Friday it expects compensation from Pratt & Whitney, a unit of RTX, in connection with that engine issue. Spirit plans to hold a quarterly call with analysts on Feb. 8 to discuss results and its outlook.

Persons: Spirit, Pratt Organizations: Airlines, JetBlue Airways, Pratt & Whitney, Airbus, Company

☆ Oil and natural gas prices are on different paths. Here's what has been driving the moves
▼ + stars: | 2023-10-06 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

Oil and natural gas prices traveled divergent paths this week, resulting in a mixed picture for the Club stocks Coterra Energy (CTRA) and Pioneer Natural Resources (PXD). In Thursday's session alone, natural gas prices jumped nearly 7%, as traders reacted to U.S. government data that showed a smaller-than-expected storage build. For the week, through Thursday's settle, natural gas has climbed 8.1%, building on last week's 11% advance. Natural gas on Friday morning jumped another 1.5%. Coterra's revenues are roughly a 50-50 split between oil and natural gas.

Persons: Brent, WTI, Paul Sankey, Sankey, Goldman Sachs, Coterra, Jim Cramer's, Jim Cramer, Jim, David Mcnew Organizations: Club, Coterra Energy, Natural Resources, Texas Intermediate, Traders, Northern, U.S, CNBC, Street Journal, Exxon Mobil, ., Diamondback Energy, Devon Energy, Getty Locations: U.S, Thursday's, Saudi Arabia, Russia, WTI, Friday's premarket, Coterra, China

☆ Deutsche Bank shares whipsaw after CDS blow-out
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +1 min

LONDON/FRANKFURT, March 24 (Reuters) - Deutsche Bank shares (DBKGn.DE) dropped as much as 3.4% in Friday's premarket trade, after a sharp jump in the cost of insuring against the risk of default late the day before fuelled concerns about the overall stability of Europe's banks. Deutsche shares, which have lost a fifth of their value so far this month already, were last indicated up 0.9% in premarket trade on the Lang & Schwartz platform. They closed 3.2% lower on Thursday, while the bank's credit default swaps - a form of insurance for bondholders - shot up to 173 basis points from 142 bps the day before, according to data from S&P Market Intelligence on Thursday. This marks the largest one-day rise in Deutsche's CDS on record, according to Refinitiv data. Reporting by Amanda Cooper; Editing by Dhara RanasingheOur Standards: The Thomson Reuters Trust Principles.

☆ First Republic shares slide 8% even after Wall Street's white knights promise a $30 billion rescue
▼ + stars: | 2023-03-17 | by ( Karen Friar | ) www.businessinsider.com time to read: +3 min

First Republic stock fell in Friday's premarket trading despite a $30 billion Wall Street rescue package. The banks, led by JPMorgan, Bank of America, Citigroup, and Wells Fargo, said Thursday they would deposit a collective $30 billion into First Republic. But shares of First Republic swung lower in Friday premarket trading, sliding 7.7% to $31.64. First Republic also said its cash position was around $34 billion, excluding the Wall Street $30 billion. First Republic shares have dropped 58% over the past five trading sessions, and they are down about 70% year to date, as of Thursday's close.

☆ Silicon Valley Bank faces 'classic run on a bank', says Lazard's Peter Orszag
▼ + stars: | 2023-03-10 | 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 EmailSilicon Valley Bank faces 'classic run on a bank', says Lazard's Peter OrszagPeter Orszag, CEO of Financial Advisory at Lazard, joins CNBC's "Squawk Box" to discuss Friday's premarket action and the potential fallout from trouble at Silicon Valley Bank.

☆ Bank of America 4th quarter profit beats estimates, buoyed by `organic growth' and higher interest rates
▼ + stars: | 2023-01-13 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +1 min

Bank of America reported fourth-quarter earnings Friday that topped Wall Street's forecasts. The lender's profit rose to $7.1 billion, or 85 cents a share, beating analyst estimates of 77 cents. The Wall Street lender reported $24.5 billion in managed revenue, above analyst estimates of $24.3 billion. Fourth-quarter profit rose to $7.1 billion, or 85 cents per share, beating analyst estimates of 77 cents. "The themes in the quarter have been consistent all year as organic growth and rates helped deliver the value of our deposit franchise."

☆ This undervalued biotech stock is earning some fans. Why Piper Sandler, Truist say it's time to buy
▼ + stars: | 2022-10-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Piper Sandler and Truist upgraded the stock to overweight and buy ratings, respectively, after the company topped earnings expectations for the recent quarter and shared upbeat guidance. Both firms said they anticipate solid growth from Gilead's oncology and HIV franchises going forward, saying now is the time to get in on the stock. Kim upped the firm's price target on the stock to $96 from $79 a share, suggesting 37% upside from Thursday's close. Truist's Robyn Karnauskas highlighted the potential of Gilead's cancer drugs and therapies in a note to clients, hiking the firm's price target on the stock to $91 per share. Gilead's stock jumped nearly 5% in Friday's premarket.

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