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☆ Buy the dip on tech stocks like Apple and Nvidia ahead of earnings, Morgan Stanley says
▼ + stars: | 2024-04-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

There's still plenty of big tech-related stocks to buy ahead of earnings, Morgan Stanley said recently. The firm said investors should buy the weakness in stocks like Nvidia and Apple before the companies deliver their quarterly results. CNBC Pro combed through Morgan Stanley research to find stocks the firm likes as earnings season continues. Nvidia The firm said it's standing by shares of the AI chipmaker ahead of earnings in late May. Fortinet Fortinet is scheduled to report earnings on May 2 and Morgan Stanley continues to pound the table for the stock.

Persons: Morgan Stanley, Joseph Moore, NVDA, Moore, Meta Marshall, Keysight, Marshall, Fortinet Fortinet, Hamza Fodderwala, he's, Fodderwala, Fortinet, Dell, Q, Q revs, we'd Organizations: Nvidia, Apple, CNBC, Dell, Keysight Technologies, Apple's, NVIDIA

Goldman Sachs raised its price target on General Motors after the stock's best day since early 2021. The bank reiterated a buy rating as well as a top pick label, accompanied by a $300 per share price target. Goldman Sachs also maintained its buy rating and increased its target price to $345 per share from $340. To be sure, it maintained its $16 per share price target, which implies more than 3% downside from Wednesday's $16.52 close. — Brian Evans 5:45 a.m ET: Goldman raises GM price target Goldman Sachs analyst Mark Delaney increased his price target on General Motors to $45 from $42 after a series of bullish moves by the auto giant.

Persons: Goldman Sachs, Morgan Stanley, 31.6x, Eric Heath, Wells, Andrew Nowinski, — Brian Evans, José Neves, Marvin Fong, Brian Evans, Salesforce, Brad Sills, Kash Rangan, Jefferies, Snapchat, Pinterest, James Heaney, Meta Marshall, Mark Delaney, Delaney, Fred Imbert Organizations: CNBC, General Motors, Hewlett Packard Enterprise, Wall, Bank of America, SNAP, Goldman, GM Locations: Okta, America

☆ Wall Street has a new favorite AI pick
▼ + stars: | 2023-10-31 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Analysts on Wall Street think Arista Networks is the next premier artificial intelligence play. On Monday, the company reported a blowout third quarter that surpassed Wall Street expectations on both the top and bottom lines. Moving forward, analysts think the company can be the top player in the Ethernet application of AI. "While there remains risk heading into the 800G cycle, we continue to think Arista is well positioned." The analyst reiterated Arista as a top AI pick into 2024.

Persons: Morgan Stanley, Wells Fargo, Morgan Stanley's Meta Marshall, Marshall, Atif Malik, Malik, capex, Michael Bloom Organizations: Arista Networks, Arista, FactSet, Barclays, Citi Locations: Infiniband

☆ Buy the dip on this technology stock for nearly 24% upside, Morgan Stanley says
▼ + stars: | 2023-09-15 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Morgan Stanley recommends buying the dip on Keysight Technologies ' stock thanks to a cheap valuation. The firm upgraded the technology stock to overweight from equal weight in a Friday note, with a $165 per share price target. Keysight stock has slipped more than 22% from the start of the year, however, with about 19% of the stock's decline occurring in the last three months. KEYS YTD mountain Keysight Technologies stock has slipped more than 22% from the start of the year. But analyst Meta Marshall thinks the downturn in Keysight stock represents a buying opportunity for investors, driven by its potential for double-digit earnings and "defensive nature."

Persons: Morgan Stanley, Morgan Stanley's, Meta Marshall, Marshall, — CNBC's Michael Bloom Organizations: Technologies, Keysight Technologies

☆ Zoom CEO told employees culture is the company's No. 1 problem and gave his blessing to anyone who wants to leave
▼ + stars: | 2023-08-23 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +4 min

He told employees that company culture was Zoom's top issue. He asked employees to "care about our business" as Zoom looks for new ways to jumpstart growth. Zoom CEO Eric Yuan told employees during a recent all-hands meeting that culture is the company's No. 1 problem and wished all the best to anyone who wants to leave, according to a recording viewed by Insider. 1 problem we are facing is company culture," Yuan said, noting many big and successful companies have similar problems.

Persons: Eric Yuan, Yuan, Morgan Stanley's Meta Marshall

☆ Cisco CEO says AI is already becoming a huge new market after it 'missed' the initial cloud computing boom
▼ + stars: | 2023-08-18 | by ( Julie Bort | ) www.businessinsider.com time to read: +4 min

Cisco CEO surprised analysts by mentioning it had already sold half a billion dollars of AI gear. Cisco is trying to woo cloud companies away from offerings by Nvidia. "To date, we have taken orders for over half a billion dollars for AI Ethernet fabrics. But Robbins says this new AI cloud market will be triple or more the size of the original and, this time, he plans to make sure Cisco gets its share. And, you know, unfortunately for us, as it's been well documented, we missed the original cloud build out," Robbins said.

Persons: it's, Chuck Robbins, That's, Infiniband, Robbins, Morgan Stanley, Meta Marshall, Julie Bort Organizations: Cisco, Nvidia, Morning, Mellanox Technologies, AMD, Arista, Broadcom, HPE, Intel, Meta, Microsoft, Google, Facebook, Arista Networks, Twitter

☆ Morgan Stanley says this materials stock can rally nearly 20% as earnings outlook improves
▼ + stars: | 2023-06-09 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Corning could be due for a bounce as the potential for earnings upside enters the realm of possibility, according to Morgan Stanley. Analyst Meta Marshall upgraded the glass materials maker to overweight from equal weight and raised her price target by $3 to $38. But after three straight negative revisions, Marshall said consensus estimates for Corning's earnings are now considered within the realm of being achieved. And Corning's valuation also creates an attractive entry point, as Marshall said she expects the rally to the price target once estimates get revised up in the fourth quarter. For the rest of 2023, Meta said the most optionality comes from improvements in the fiber business's order trends.

Persons: Corning, Morgan Stanley, Meta Marshall, Marshall, Meta, it's, — CNBC's Michael Bloom Locations: Japan

☆ How artificial intelligence could threaten major industries and business models
▼ + stars: | 2023-05-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +11 min

Meanwhile, limits on applicable copyright rules make it simpler to train AI tools. Nevertheless, accuracy issues with AI tools, Redburn said, could boost the use case for Pearson. Copyright issues are another major obstacle for music companies. Some potential copyright violations include replicating an artist's likeness or voice, and that could weaken the catalog value for many music companies, analysts said. Similarly, Deutsche Bank analyst Matthew Niknam highlighted in a recent note AI presents more opportunities than risks and offers "underappreciated upside tailwinds" for Five9.

Persons: GOOGL, Goldman Sachs, Dan Rosensweig, Chegg, Brad Erickson, Hayden Brown, Brown, BTIG, Chegg's, Pearson, Redburn, Morgan Stanley, Brent Thill, Thill, Douglas Mitchelson, Rosenblatt, Barton Crockett, Morgan Stanley's Omar Sheikh, Ygal, Nat Schindler, Wix, Jefferies, Oppenheimer, Timothy Horan, Matthew Niknam, Meta Marshall, Marshall, Michael Bloom Organizations: Wall Street, Microsoft, Nvidia, Goldman, Chegg, Companies, Freelance, Upwork, RBC Capital, Pearson, Bank of America, UBS, Jefferies, Industry Music, Spotify, Credit, Warner, Warner Music Group, Universal Music Group, Citi, NICE, Deutsche Bank Locations: Nice

☆ Morgan Stanley says this data storage stock can jump 20%, outperform other tech names in a recession
▼ + stars: | 2022-10-31 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

It's time to buy Pure Storage as it will outperform its peers, according to Morgan Stanley. Analyst Meta Marshall upgraded shares of Pure Storage to overweight from equal weight, saying the data storage company has several competitive advantages to weather broader economic challenges. The analyst initially had some hesitation around Pure Storage this year, as rising interest rates and inflation hurt software names. Shares of Pure Storage are down just 6.3% this year. To be sure, Pure Storage could continue to deal with issues ahead such as lower enterprise spending, changes to memory pricing, and growing competition.

☆ Morgan Stanley downgrades pandemic darling Zoom Video as headwinds pile up
▼ + stars: | 2022-10-11 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Zoom Video, one of the most symbolic stocks of the pandemic, got downgraded by Morgan Stanley as the company struggles to keep up its Covid momentum. Analyst Meta Marshall on Tuesday downgraded the video communication platform to equal weight from overweight. She also said it will see overhang for the next six months as online business more broadly finds a happy medium coming out of the pandemic boom. Zoom became a poster child of the pandemic as it surged in popularity – and valuation – with people moving their lives increasingly online. Zoom said its fiscal second-quarter revenue growth slowed to 8% from 12% a year ago in the year-earlier period.

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