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☆ Tuesday's analyst calls: Nvidia to get a boost from new chip, Ralph Lauren poised to jump
▼ + stars: | 2024-04-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +9 min

Tuesday's analyst calls focused on red-hot tech giant Nvidia, which is seen as benefitting from the release of its new Blackwell chip, the GB200. 7:02 a.m.: Deutsche Bank sees 33% upside for Live Nation on strong fundamentals Strong fundamentals could spell further upside for shares of Live Nation Entertainment , according to Deutsche Bank. Soff also applauded the company for expanding into new add-on services, including providing upselling opportunities and selling advertising on the Live Nation app. Although a potential regulatory investigation could curtail the stock, Soff doesn't believe that Live Nation stock will ultimately take much damage. 6:03 a.m.: Jefferies initiates Ralph Lauren at a buy, sees momentum with younger consumers Ralph Lauren is shaping up to be a quality growth stock, according to Jefferies.

Persons: Blackwell, Jefferies, Ralph Lauren, Benjamin Soff's, Soff, shouldn't, — Lisa Kailai Han, Airbnb, James Lee, Lee's, headwinds, Brent Thrill, Ashley Helgans, Ralph Lauren's, Helgans, Taylor Swift, Timothy Acuri, Acuri, Hopper, — Lisa Kailai Han — CNBC's Michael Bloom Organizations: CNBC, Nvidia, UBS, Deutsche Bank, Nation, Live Nation Entertainment, Mizuho, Paris, tailwinds, Paris Olympics, Chegg, Blackwell, Microsoft, Oracle Locations: Europe

He also hiked his price target to $92 from $59, suggesting shares rallying 48.3% from where they closed on Tuesday. Analyst Jessica Reif Ehrlich raised her price target to $370 from $315, suggesting 22% upside from Tuesday's close. — Hakyung Kim 6:04 a.m.: Citi raises price target on Amazon Amazon is becoming a more profitable organization, according to Citi. The price target increase comes on the heels of Amazon's new grocery delivery subscription launch. He cited increased operating income projections amid strong top-line trends for his price target increase.

Persons: Tesla, Rob Sanderson, Sanderson, Forrest Li, Hakyung Kim, Jessica Reif Ehrlich, — Hakyung Kim, Ronald Josey, Josey, GenAI, Kim, Goldman Sachs, Mark Delaney, Delaney, Goldman, Joseph Spak, Spak, TSLA, Wells Fargo's Colin Langan, Langan, James Lee, Lee, Fred Imbert Organizations: CNBC, Mizuho, Bank of America, Spotify Bank of America, Spotify, Citi, Amazon Web Services, Revenue, UBS, Summer

☆ Top Wall Street analysts like these 3 stocks for their growth prospects
▼ + stars: | 2024-04-14 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Top Wall Street analysts are calling out their favorite stocks with a focus on their long-term growth prospects. To that end, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Ahead of the company's quarterly results, several analysts have been reaffirming their bullish views on the stock. The top line gained from increased sales volumes of golf balls, clubs and golf gear under the company's Titleist brand. Tigress Financial analyst Ivan Feinseth reaffirmed a buy rating on GOLF stock and increased the price target to $74 from $68.

Persons: James Lee, AMZN, Lee, TipRanks, Ivan Feinseth, Feinseth, Acushnet, Goldman Sachs, Kate McShane, McShane, BJ Organizations: Wall, Amazon Web Services, Amazon, Holdings, Acushnet Holdings, Tigress, Acushnet, BJ's, Wholesale

☆ Baidu's latest results are 'very respectable,' analyst says
▼ + stars: | 2024-02-29 | 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 EmailBaidu's latest results are 'very respectable,' analyst saysJames Lee, U.S. and China internet analyst at Mizuho Securities, discusses the Chinese tech giant's earnings and a "dislocation" between U.S. and China internet.

Persons: James Lee Organizations: Mizuho Securities Locations: U.S, China

☆ Why do people keep uninsured money in banks?
▼ + stars: | 2024-02-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Somehow, the same issue plaguing last year’s failed banks is back in focus at the latest bank in crisis: massive loads of uninsured deposits. To be sure, the risk isn’t anywhere close to that of the banks that failed last year: About 94% of domestic deposits at Silicon Valley Bank were uninsured and 90% of Signature Bank’s deposits were uninsured, according to the Federal Reserve. The money is guaranteed by the Federal Deposit Insurance Corporation, which is funded by fees paid by major US banks. About 40% of all money in the US, or $8 trillion, sitting in banks is uninsured, said Lawrence White, a professor at New York University’s Stern School of Business. “It also risks violating the FDIC’s statutory requirement to resolve failed banks and protect insured depositors in the least expensive way possible.”Sometimes, he said, rescuing those uninsured depositors may be the cheapest way to protect insured depositors at banks.

Persons: NYCB, Brian Snyder, James Lee, David Wessel, Lawrence White, University’s, Banks, Ting Shen, ”, Kori Suzuki, JPMorgan Chase, Michael Ohlrogge, Maxine Waters, Elizabeth Warren, “ Organizations: New, New York CNN, New York Community Bancorp, Investors, Silicon Valley Bank, Federal Reserve, Bank, Xinhua, Federal Deposit Insurance Corporation, FDIC, Reuters, Brookings Institution, International Monetary Fund, University’s Stern School of Business, US Treasury, Bloomberg, Getty, Securities and Exchange Commission, Valley Bank, Signature Bank, JPMorgan, Bank of America, Citigroup, First Republic Bank, New York University’s School of Law, Financial Services, Banking Committee, CBS, Bank Coalition of America Locations: New York, Silicon, United States, New, ”, Washington , DC, San Francisco , California, Sen

MARYVILLE, Tenn. (AP) — Law enforcement in eastern Tennessee continued their search Saturday for a man who is accused of fatally shooting one sheriff's deputy and injuring another during a traffic stop. More than $80,000 in reward money has been pledged for information leading to the arrest of 42-year-old Kenneth DeHart, Blount County Sheriff James Lee Berrong said. Deputy Greg McCowan, 43, was killed in the shooting, while Deputy Shelby Eggers, 22, was treated at a hospital and released, the sheriff's office said Friday. A procession of law enforcement vehicles joined a hearse containing McCowan's body that traveled on Friday through Maryville, which is about 17 miles (27 kilometers) south of Knoxville. McCowan began his career as a deputy in 2020 after graduating from a regional law enforcement training class, Berrong said Friday.

Persons: Kenneth DeHart, Blount County Sheriff James Lee Berrong, Greg McCowan, Shelby Eggers, “ We're, ” Berrong, Ryan Desmond, DeHart, McCowan, Desmond, Berrong Organizations: —, Blount County Sheriff, The Tennessee Bureau of Investigation Locations: MARYVILLE, Tenn, Tennessee, Blount County, Maryville, Knoxville, Sevier County

NASHVILLE, Tenn. (AP) — Authorities in eastern Tennessee were searching early Friday for a suspect they say was involved in a shooting that killed one sheriff's deputy and left another wounded. Deputy Greg McCowan was killed in the shooting during a traffic stop. We had an officer killed tonight,” Berrong said during a news conference in which he was visibly upset. Photos You Should See View All 21 Images“We’re going to get this man off the streets of east Tennessee and put him behind bars,” he said. Dehart was last seen in the city of Maryville, the Tennessee Bureau of Investigation said on social media.

Persons: Kenneth Dehart, Blount County Sheriff James Lee Berrong, Greg McCowan, Berrong, ” Berrong, “, we’ve, ”, Dehart Organizations: —, Blount County Sheriff, Tennessee Bureau of Investigation Locations: Tenn, Tennessee, Blount County, Maryville, Knoxville

☆ Biden administration announces new financial strike force to curb deadly fentanyl trade
▼ + stars: | 2023-12-04 | by ( Sam Fossum | ) edition.cnn.com time to read: +5 min

“The Treasury Department’s Counter-Fentanyl Strike Force will allow us to bring the Department’s unrivaled expertise in fighting financial crime to bear against this deadly epidemic. The strike force will be led by the department’s top sanctions official, Brian Nelson, and the chief of the Internal Revenue Service’s criminal investigations unit, James Lee. It will “redouble Treasury’s existing work streams, including using financial intelligence to understand risks and map transnational criminal organization (TCO) financial networks,” according to a news release. Several key units within the Treasury Department that specialize in financial crimes, sanctions, and tracking terrorist and illicit financing will be part of the new strike force. The new strike force will also help streamline the Treasury Department’s efforts to coordinate with local and federal law enforcement bodies on potential financial leads.

Persons: Janet Yellen, Brian Nelson, James Lee, ” Nelson, Xi Jinping, Joe Biden, Biden, Yellen, Nelson, “ Organizations: Washington CNN, Monday, Treasury Department, Treasury, Network, Foreign Assets Control, of Intelligence, US Treasury Department, Strike Force, Department, Drug Enforcement Agency, Department of Homeland Security, Department of Justice, US Centers for Disease Control, CNN, Mexican, Biden Locations: United States, China, Ukraine, Mexico

(AP) — Two people accused of operating a high-end brothel network with wealthy and prominent clients in Massachusetts and the Washington, D.C., suburbs will remain behind bars for now, a judge said on Wednesday. Lawyers for Han Lee and Junmyung Lee agreed to a voluntary order of detention during a brief court hearing two weeks after their arrest. Authorities have said the commercial sex ring in Massachusetts and northern Virginia catered to politicians, company executives, military officers, lawyers, professors and other well-connected clients. Political Cartoons View All 1265 ImagesProsecutors have argued Han Lee and Junmyung Lee pose a risk of flight, pointing to their financial resources and lack of ties to the community. Authorities say Han Lee recruited women and maintained the websites and brothels.

Persons: Han Lee, Junmyung Lee, David Hennessy, Josh Levy, Han Lee's, James Lee Organizations: Washington, D.C, Prosecutors, Homeland Security Investigations, Authorities Locations: WORCESTER, Massachusetts, Worcester , Massachusetts, Virginia, Watertown, Cambridge , Massachusetts, Fairfax , Virginia, California

☆ Two South Koreans accused of running US ‘high-end’ brothel ring to appear in court Monday
▼ + stars: | 2023-11-13 | by ( Holmes Lybrand | ) edition.cnn.com time to read: +6 min

He is accused of running part of the financial side of the brothels – renting out apartments in his or fake identities and operating numerous businesses to allegedly launder money through. The website advertised “models” – pictured on the sites in underwear in provocative poses – for photographers to hire, the affidavit says. Junmyung, investigators say, was born in Korea and is in the US on a student visa, which started in 2018. The confidential source, working with investigators, contacted James to set up a brothel in Connecticut, the affidavit says. He also mentioned during the call that he worked with a “Hana in Boston,” according to the affidavit.

Persons: Han Lee, Junmyung Lee, James Lee, Zachary Mitlitsky, Han, Junmyung, James, –, James laundered, Massachusetts Joshua Levy, ” Levy Organizations: CNN, Homeland Security, TSA, Hana Locations: Boston, Washington, Worchester , Massachusetts, California, Las Vegas and Virginia, Eastern Virginia, Virginia, Cambridge , Massachusetts, Korea, Tysons , Virginia, Connecticut, Massachusetts

☆ Feds busted a 'high-end' brothel network serving politicians and pharma execs. Apparent clients are wondering if they'll be next.
▼ + stars: | 2023-11-09 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +5 min

The feds busted a "sophisticated" brothel network that serviced politicians, pharma executives, and other high-profile clientele. Clients worried that they would be arrested, while others urged people to "shut the fuck up and lawyer up." AdvertisementAdvertisementThe Justice Department announced charges Wednesday against three defendants accused of operating a "sophisticated" brothel network in the Boston area and in eastern Virginia. "I'm glad I never participated," the user wrote in the forum after laying out the requirements. A Justice Department spokesperson declined to comment when asked if prosecutors are planning on charging others connected to the brothel network.

Persons: —, — Han Lee, James Lee, Junmyung Lee —, Han Lee, Junmyung Lee, BTT, I'm Organizations: pharma, Service, Boston, Department, feds, Justice Locations: Virginia, Boston, Btt, Georgia, Massachusetts

Courthouse in Boston, Massachusetts, U.S., November 28, 2018. The U.S. government meanwhile seized the domains for two websites tied to the prostitution ring, authorities said. Defense lawyers for the trio either did not respond to requests for comment or could not be immediately identified. Customers were charged $350 to $600, depending on the services and included politicians, pharmaceutical and technology executives, doctors, military officers, professors, lawyers, business executives, scientists and accountants, prosecutors said. Reporting by Nate Raymond in Boston, Editing by Alexia Garamfalvi; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: John Jospeh Moakley, Katherine Taylor, Josh Levy, Han Lee, Junmyung Lee, James Lee, Levy, We're, Nate Raymond, Alexia Garamfalvi, David Gregorio Our Organizations: Courthouse, REUTERS, Rights BOSTON, U.S, Thomson Locations: John Jospeh Moakley U.S, Boston , Massachusetts, U.S, Boston, Virginia, Massachusetts, California, Massachusetts , Virginia, Cambridge, Watertown , Massachusetts, Fairfax, Tysons , Virginia

☆ DOJ announces arrests in ‘high-end brothel network’ used by elected officials, military officers and others
▼ + stars: | 2023-11-08 | by ( Holmes Lybrand | ) edition.cnn.com time to read: +3 min

CNN —Three individuals have been arrested on charges of operating a “high-end brothel network” in Massachusetts and Virginia with a clientele that included elected officials, military officers and government contractors with security clearances, the Justice Department announced Wednesday. “Pick a profession,” Joshua Levy, acting US attorney for Massachusetts, said of the sprawling client list during a press conference in Boston. The three individuals, Levy said, transported women and advertised them online for pre-approved clients to choose from through several websites and ran the brothels out of apartments they rented. The agent said about 20 sex buyers were interviewed in connection with the multiyear investigation. One customer described getting a text of available options at a brothel, including the women available, the sexual services and the hourly rate.

Persons: “, ” Joshua Levy, “ They’re, ” Levy, Han Lee, James Lee, Junmyung Lee, Levy Organizations: CNN, Justice Department, Homeland Security Investigations Locations: Massachusetts, Virginia, Boston, Massachusetts , California, Cambridge , Massachusetts, Torrance , California, Dedham , Massachusetts

☆ CNBC Daily Open: A history-making three months for stocks
▼ + stars: | 2023-11-01 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

(Photo by DOUG KANTER / AFP) (Photo by DOUG KANTER/AFP via Getty Images) Doug Kanter | Afp | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. All three indexes declined for three consecutive months — the first time for the S&P and Dow since March 2020. Even the Magnificent Seven stocks that led most — if not all — the gains in the S&P this year have been struggling in October. But nothing lasts forever: Even cold November rain may wash away the bitter taste of the past three months.

Persons: Hurricane Floyd, Floyd, James Lee Witt, DOUG KANTER, Doug Kanter, they're, Ross Mayfield, Baird, Tesla Organizations: AMD, Federal Emergency Management Agency, AFP, Getty, Afp, CNBC, Dow Jones, Nasdaq, Dow, Investment, Federal, Nvidia, Microsoft, Amazon Locations: New York City, Hurricane, Wilmington , NC, North Carolina

☆ How to play Alphabet's stock after its worst slide in more than a year, according to Wall Street
▼ + stars: | 2023-10-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Alphabet's latest quarterly results left some analysts questioning whether investors should be buying the dominant search engine right now, or opting instead for some of its tech peers. "If you own the stock, the bad news is probably out of the way," said Bernstein analyst Mark Shmulik. We take up our ad revenue estimates, pull cloud and margins down, and we end up right back where we started." Profit margins contracted and the company also said it expects capital spending to increase in the fourth quarter and in 2024. Alphabet sank 9.8% in midday trading Wednesday, on pace for its worst one-day decline since March 2020.

Persons: Bernstein, Mark Shmulik, Wells, Ken Gawrelski, Lloyd Walmsley, Gawrelski, Bank of America's Justin Post, James Lee, — CNBC's Michael Bloom Organizations: Google, Microsoft, UBS, Bank of America's

☆ A Great Blazer ‘Makes You Stand Up Straight’: 4 Reasons Men Want Them Now
▼ + stars: | 2023-10-20 | by ( Vincent Boucher | ) www.wsj.com time to read: +1 min

JAMES LEE WALL, 40, was strolling through downtown Manhattan in September when a blazer stopped him in his tracks. “I was walking by that Italian men’s store, Boglioli—they had a camel-colored cashmere blazer in the window,” said the real-estate broker. “I stood there for five minutes thinking, ‘Man, I need to get that blazer.’” Though he hasn’t yet taken the plunge, he’s still thinking about the jacket. Throwing on [a blazer] adds that extra touch.”It’s an extra others want, too, said New York personal stylist Turner Allen, who caters to tech hotshots. In 2022 Brooks Brothers clocked a 44% year-over-year jump in blazer sales, according to a brand spokesperson.

Persons: JAMES LEE WALL, —, ”, “, Wall, Turner Allen, Brooks Brothers, Dag Granath, Saman Amel Locations: Manhattan, York, Stockholm, U.S

☆ Veteran EM investor Mark Mobius reveals the 2 tech giants that are key to any portfolio
▼ + stars: | 2023-10-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Veteran emerging markets investor Mark Mobius has named Alibaba and Tencent as key stocks in any portfolio investing in developing economies. Mobius said the Chinese technology giants "could be the foundation of any portfolio" despite recent volatility. Mobius is known for his long-term conviction picks of smaller companies, but stressed the resilience of the two Chinese tech titans. The fund manager said he likes the agility and profitability of smaller tech companies in the region but acknowledged geopolitical risks. So these companies are really very interesting companies," Mobius added.

Persons: Mark Mobius, Mobius, Alibaba, BABA, Franklin Templeton, they're, CNBC's, James Lee, Mizuho, It's Organizations: NYSE, Mobius Capital Partners, Hong, Investment, Mizuho Securities, Franklin, Taiwan Semi, Nvidia, AMD, Fund, Zilltek Technology Locations: Hong Kong, China, Taiwan, Beijing, TSMC, California

☆ This popular food delivery stock could see nearly 30% upside, Mizuho says
▼ + stars: | 2023-09-18 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

DoorDash stock could surge thanks to moderating food inflation and market share gains, according to Mizuho Securities. The firm upgraded the food delivery stock to buy from neutral in a Sunday note, with a new $105 per share price target up from $90 per share. DoorDash stock has surged nearly 66% from the start of the year. DASH YTD mountain DoorDash stock has added more than 65% from the start of the year. "In conjunction, moderated food inflation and resilient consumer spending provide incremental support to our view."

Persons: James Lee, DoorDash, Lee, — CNBC's Michael Bloom Organizations: Mizuho Securities Locations: Europe

☆ Wall Street analysts say these stocks have more room to run through the rest of 2023
▼ + stars: | 2023-05-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

CNBC Pro combed through top Wall Street research to find stocks to buy for the rest of 2023. Fastly "Fastly is laying the foundation for long-term success," according to Bank of America analyst Tal Liani. "We view this as a positive inflection point which should remove the negative narrative of AWS' Gen-AI market position vs. peers," Lee said. ConocoPhillips - Goldman Sachs, buy rating "Stay Buy with Conoco our top pick among the Big 3 US majors for 2H2023. … We view this as a positive inflection point which should remove the negative narrative of AWS' Gen-AI market position vs.

☆ Amazon's valuation is not very stretched, says Mizuho Securities' James Lee
▼ + stars: | 2023-04-28 | 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 EmailAmazon's valuation is not very stretched, says Mizuho Securities' James LeeJames Lee, Mizuho Securities, joins 'Squawk on the Street' to discuss Amazon's valuation post-earnings, major takeaways from other large cloud company earnings, and more.

☆ Amazon dips after slowing cloud growth projections. Here's how the pros are playing it
▼ + stars: | 2023-04-28 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon dips after slowing cloud growth projections. Here's how the pros are playing itJim Cramer, Daniel Flax of Neuberger Berman, James Lee of Mizuho Securities, Jim Lebenthal of Cerity Partners and Rob Sechan of NewEdge Wealth on what they think about Amazon's first-quarter earnings report and guidance for slower Amazon Web Services cloud growth.

☆ Tencent's online ad revenue grows for the first time in more than a year
▼ + stars: | 2023-03-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Overall revenue for the quarter ended Dec. 31 came in at 144.95 billion yuan ($21.07 billion), higher than the 143.89 billion yuan estimated by FactSet. Average monthly users of WeChat in China and overseas rose by 3.5% from a year ago 1.31 billion accounts in the fourth quarter. Ad spendingIn-feed ads for video accounts generated more than 1 billion yuan in revenue in the fourth quarter, Tencent said. Revenue sourcesThe largest revenue segment, which includes the giant gaming business, fell by 2% to 70.4 billion yuan in the fourth quarter, in line with FactSet estimates for 70.2 billion yuan. Tencent's second-largest revenue source, financial technology and business services revenue fell by 1% to 47.2 billion yuan, below FactSet estimates for 49.49 billion yuan.

☆ Tencent is more optimistic about international gaming than domestic gaming, analyst says
▼ + stars: | 2023-03-23 | 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 EmailTencent is more optimistic about international gaming than domestic gaming, analyst saysJames Lee of Mizuho Securities discusses the outlook for Tencent and where it stands in terms of artificial intelligence.

☆ Wall Street says Meta job cuts reiterate focus on efficiency, offer 'rare EPS upside story'
▼ + stars: | 2023-03-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The latest round of job cuts at Meta Platforms is boosting Wall Street's confidence in the upside potential for earnings in the months and year ahead. It's another round of eliminations after Meta's announcement in November that it would be laying off 13% of its workforce. Despite the blow to workers, Wall Street views the latest round of layoffs as a sign that Meta Platforms is following through on these efficiency plans. Post called the company in a Tuesday note a "rare EPS upside story," saying that the cuts should set Meta up to generate higher profitability once the economy reaccelerates. Although Wall Street broadly praised the latest efficiency move from Meta, some analysts say there's more work to do.

☆ Silicon Valley Bank is the second-biggest bank crash in U.S. history—here's what it means for your money
▼ + stars: | 2023-03-13 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

A security guard at Silicon Valley Bank monitors a line of people outside the office on March 13, 2023 in Santa Clara, California. Late last week, Silicon Valley Bank disclosed signs of gross financial mismanagement, sparking panic among the bank's investors and customers. By Friday, the bank, which caters to numerous startups, had halted trading on its plummeting stock, prompting a race among depositors to withdraw their money. SVB and Signature Bank investors? Shares of First Republic Bank, which investors worry will suffer a similar fate, lost 52% on Monday after shedding 33% last week.

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