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☆ JPMorgan says the late Charlie Munger would love this wonderful bank trading at a fair price
▼ + stars: | 2024-05-08 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

JPMorgan said this regional bank is so appealing that it would have attracted attention from the late Charlie Munger. "When we think of the late, great Charlie Munger and his mantra to 'buy wonderful businesses at fair prices,' the bank that fits this bill in our view is Cullen Frost," the firm's bank analyst Steven Alexopoulos said in a note. However, JPMorgan said the bank's "strong organic growth story" remained fully intact. JPMorgan said investors are now able to buy the shares at 13.1 times forward earnings, compared to a 16X historical average. The bank maintained its overweight rating and has a 12-month price target of $140 per share, which would translate into 32% upside from Tuesday's close of $105.62.

Persons: Charlie Munger, Cullen Frost, Steven Alexopoulos, Munger, Buffett, Cullen, Frost, — CNBC's Michael Bloom Organizations: JPMorgan, Berkshire Hathaway's, CFR, Frost Bankers Locations: San Antonio , Texas

☆ Here are Friday's biggest analyst calls: Rivian, DraftKings, Nio, Fox, Carvana, Pfizer and more
▼ + stars: | 2024-02-23 | by ( Alex Harring | ) www.cnbc.com time to read: +9 min

Here are Friday's biggest calls on Wall Street: UBS double-downgrades Rivian The firm said to sell the electric vehicle maker's stock, joining a growing group of concerned analysts following the company's earnings report. Raymond James upgrades Carvana The investment bank moved Carvana to market perform from underperform following the fourth-quarter earnings results. Guggenheim initiates Pfizer The firm opened coverage of the biopharmaceutical stock with a buy rating and $36 price target. " Rosenblatt initiates Adeia The firm began coverage with a buy rating and $15 price target. Roth MKM initiates CPI Card Group Roth MKM started coverage of the financial technology stock with a buy rating and $40 price target.

Persons: Ross, ROST, Raymond James, EBITDA, 4Q23, Guggenheim, ATNI, Morgan Stanley, Brighthouse, Rosenblatt, Roth MKM, Fred Imbert Organizations: UBS, Barclays, CNBC, Citi, Fox, JV, Ross, Price, Pfizer, DRG, Equitable, JPMorgan, Traction, JPMorgan downgrades Locations: 1Q24, Xperi, 4Q22

☆ A woman's hilarious Christmas story about her parents spoiled 'adopted' wild raccoon is going viral on TikTok
▼ + stars: | 2023-12-26 | by ( Julie Gerstein | ) www.businessinsider.com time to read: +3 min

Stacy Jo Rost came home on Christmas to find her parents had adopted a wild raccoon. The raccoon, dubbed Little RIck after Rost's stepfather Rick, is treated to daily cooked breakfasts. AdvertisementImagine coming home for the holidays to find your parents have adopted a wild raccoon and are treating it like furry, small-pawed royalty. The raccoon "has a messed up back leg and they saw him when he was a little raccoon baby and didn't think he'd make it," she continued. AdvertisementHer family insisted that Little Rick was harmless, but Jost wasn't having it:“He’s cute!”“Leave him alone!”“Let them do it!”No.

Persons: Stacy Jo Rost, Little RIck, Rick, Rost, RIck, —, it's, Rickoon, Stepdad Rick, Rost's, Little Rick, Jost wasn't, RICK, 9cxnlXjfM6 — Stacy Jo Rost, Xf1gUuAy5m — Stacy Jo Rost, Will Rost Organizations: Service, Seattle Sports Locations: cahoots

☆ McDonald’s is bringing back iconic McNugget Buddies as limited-edition collectibles
▼ + stars: | 2023-11-29 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

McDonald's will roll out the Kerwin Frost Box, a collab with New York-based artist Kerwin Frost, on December 11. But the star of the limited-time collab are the McNugget Buddies, an assortment of anthropomorphic McNuggets that haven't been a part of McDonald's mascot rotation in decades. The McNugget Buddies were first introduced in a 1988 Happy Meal, according to McDonald's. They made appearances in McDonald's Canada comics in the early 1993, were available as Sports Buddies in the UK, Japan and Singapore in 1992 and were last seen in 1996 for McNugget Buddies Halloween. The six new McNugget Buddies are based on Frost's experiences growing up in New York City, including one that is designed to look like him.

Persons: McDonald's, Kerwin Frost, haven't, Frost, Grimace, Birdie, Warren Buffett Organizations: Sports Buddies, McNugget, Plant, eBay Locations: McDonald's, New York, Canada, Japan, Singapore, New York City

☆ Goldman Sachs analysts have increased conviction in these 5 stocks
▼ + stars: | 2023-11-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Investors looking for value heading into the holiday season should look no further than the following stocks, Goldman Sachs says. The company beat on both the top and bottom line to go along with strong guidance for the fourth-quarter. TransDigm- buy rating "TDG reported F4Q23 key metrics above consensus, guided the same ones for FY2024 above consensus, announced a large special dividend & announced a new sizable acquisition. Willis Towers Watson - buy rating "We view 3Q23 results as quite supportive of our thesis around ramping talent production & cost efficiencies & we reiterate our Buy rating as we expect momentum to continue on both top & bottom line results. Trex Company- buy rating "We are also encouraged by mgmt's optimism for further top-line gains in 2024, supporting our forecast for robust FCF to allow for investments in growth opportunities and shareholder returns.

Persons: Goldman Sachs, Goldman, Ross, Willis Towers Watson, Noah Poponak, TransDigm, Poponak, Robert Cox, Willis, Cox, there's, Brett Feldman, Warner's, Feldman, shouldn't Organizations: CNBC, Warner Brothers Discovery, TransDigm, Warner Brothers, 3Q, Trex Locations: TransDigm

☆ A year on, Mercedes return to scene of last success
▼ + stars: | 2023-11-01 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Nov 1 (Reuters) - Once-dominant Mercedes return to Brazil this weekend for a last chance to avoid going a whole year without a Formula One victory. Hamilton has been second on track in the last two races, even if disqualified in Texas, with a car that looks increasingly competitive in race trim. The circuit hosted the first Brazilian Grand Prix 50 years ago and Mercedes have won there for the past two years and six times in the last eight. We need to have a great weekend in Brazil and I feel confident in our ability to get results right now." "It's a sprint race.

Persons: Lewis Hamilton, George Russell, Max Verstappen, Russell, Hamilton, Toto Wolff, Mercedes, Verstappen's, Alain Prost's, Sebastien Vettel's, Sergio Perez, Perez, Red Bull, Verstappen, McLaren, Ferrari, We've, Ferrari's Charles Leclerc, Carlos Sainz, Alan Baldwin, Pritha Sarkar Organizations: Sao Paulo, Sao Paulo Grand Prix, Hamilton, Interlagos, Prix, Thomson Locations: Brazil, Sao Paulo Grand, Interlagos, Texas, Mexico, Dutch, Mexican, Hamilton, London

☆ Verstappen takes record 16th win of the season in Mexico
▼ + stars: | 2023-10-29 | by ( Angelica Medina | ) www.reuters.com time to read: +4 min

Only three drivers have won more races in the history of the sport and Verstappen could have passed Sebastian Vettel, next in his sights on 53, by the end of the season. The win was also his 14th in the last 15 races and a fifth in six editions of the grand prix at the Autodromo Hermanos Rodriguez. Second is a priority for dominant Red Bull who have never yet finished a season with their drivers first and second. The race resumed from a standing re-start, with Verstappen accelerating into the distance and Leclerc second on the hard tyres but seven-times world champion Hamilton right behind on mediums. Verstappen had seized the safety car period as an opportunity for a cheap second pitstop and some fresh hards while Leclerc had pitted just before Magnussen's accident.

Persons: Hamilton, Mercedes Leclerc, Perez, Max Verstappen, Sergio Perez, Ferrari's Charles Leclerc, Alain Prost's, Sebastian Vettel, Autodromo Hermanos Rodriguez, Verstappen, Bull, Mercedes's Lewis Hamilton, Leclerc, Kevin Magnussen, Ferrari, Red, Ferrari's Carlos Sainz, McLaren's Lando Norris, Oscar Piastri, AlphaTauri's Daniel Ricciardo, Mercedes George Russell, Russell, Ricciardo, Alex Albon, Williams, Esteban Ocon, Pierre Gasly, Haas's Nico Hulkenberg, HAAS, Magnussen's Haas, Dane, Aston Martin, Lance, Bottas, Fernando Alonso, AlphaTauri's Yuki Tsunoda, Alan Baldwin, Ken Ferris, Clare Fallon, Lincoln Organizations: Mexico City, Prix, Autodromo Hermanos, Red Bulls, Red Bull, Briton, AlphaTauri, Renault, Hamilton, Alfa, Piastri, Thomson Locations: MEXICO, Mexico, French, Hamilton, London

☆ TD Cowen upgrades Ross Stores, citing uptick in off-price retail traffic
▼ + stars: | 2023-08-03 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

TD Cowen thinks investors are overlooking a buying opportunity in Ross Stores . Analyst John Kernan upgraded the retailer's stock to outperform from market perform and raised his price target to $128 from $113. Kernan's price target implies upside potential of 14.5% from Wednesday's close. According to Kernan, data from Cowen's consumer tracking survey indicates a sequential uptick during May, June and July in visitation to off-price vendors such as Ross. The survey indicated that traffic in Ross Stores reached a peak of 25% in May before easing slightly in June, and then reaccelerating to 25% in July.

Persons: Cowen, John Kernan, Kernan, Ross, — CNBC's Michael Bloom Organizations: Ross Stores Locations: Wednesday's

☆ Twitter not suited for emergency communications, Dutch say after storm
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, July 5 (Reuters) - Twitter is not the right place to seek information during an emergency, Dutch politicians and a prominent online group said on Wednesday, following an incident in which citizens were directed to the platform for updates during a large storm. Twitter could not immediately be reached for comment. "It's ridiculous to use Twitter," said Bits of Freedom spokesperson Ber Engels, citing problems with dis-information and Twitter being hard to reach quickly for people without accounts. "You might see one tweet with great information from emergency services, but maybe there are 10 tweets that Twitter prioritizes which contain completely false information," he said. The regional fire department's Twitter account is not verified.

Persons: Nico Drost's, Ber Engels, hasn't, Elon Musk, Toby Sterling, David Holmes Organizations: Twitter, Amsterdam's, Thomson Locations: AMSTERDAM, North Holland, Amsterdam, Netherlands

☆ Chipotle says it has seen some of its best digital sales after launching its TikTok-inspired Fajita Quesadilla
▼ + stars: | 2023-04-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Chipotle added the Fajita Quesadilla to its menu last month, inspired by a viral TikTok menu hack. During the launch, quesadilla sales nearly doubled and Chipotle had two of its best-ever digital sales days. It is inspired by a menu "hack" of adding fajita veggies to its steak quesadilla that went viral on TikTok in 2022. Adding fajita veggies – pepper and onion – to a quesadilla was not previously an option at Chipotle. "During the launch, we nearly doubled our Quesadilla business and had two of our top digital sales days of all time."

☆ First Gen Z'er elected to Congress Maxwell Frost says he's struggling to rent an apartment in D.C.
▼ + stars: | 2022-12-08 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +3 min

Voters in Florida's 10th congressional district elected 25-year-old Maxwell Frost to the U.S. House of Representatives in November, making him the first member of Gen Z elected to Congress. Soon to be 26, Frost is on the older end of Gen Z, but his rental dilemma already demonstrates his relatability to his young constituents. And among Gen Zers who've been able to, 32% are spending half their monthly income on housing, Credit Karma found. Ocasio-Cortez remains the youngest woman in Congress, but Rep. Madison Cawthorn (R-N.C.) replaced her as the youngest member during his tenure. Cawthorn will maintain the title of youngest person elected to Congress, but Frost will become the youngest sitting member when he's sworn in in January.

☆ Wall Street loves this kind of retailer into a recession — another one just got an upgrade
▼ + stars: | 2022-11-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Off-price retailers are poised to outperform, and Ross Stores will be the leader, according to Credit Suisse. Off-price retailers pick up the extra items on the cheap to sell. Other off-price retailers include Nordstrom Rack and Macy 's Backstage. On Thursday, Ross Stores reported fiscal third-quarter earnings-per-share of $1.00 , versus a StreetAccount estimate of 81 cents. The boost was based on 2024 calendar-year EPS versus 2023 EPS.

☆ Ex-college basketball player and wife identified as pair killed in a murder-suicide inside the Dallas medical examiner’s office
▼ + stars: | 2022-11-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | David K. Li | ) www.nbcnews.com time to read: +2 min

The man who killed his estranged wife, a Dallas medical examiner, inside her office before turning the gun on himself, was identified as a former college basketball player, authorities said Friday. James "Jed" Frost, who played at the University of Missouri in the early 1990s, fatally shot his wife, Dr. Beth Ellen Frost, on Tuesday afternoon inside her office at the Dallas County Medical Examiner's Office, officials said. The shooting is still under investigation, a Dallas County Sheriff's spokeswoman said. Frost's office near downtown Dallas after shots were heard at about 4:45 p.m., sheriff's deputies said. "We don't expect anyone to occupy that office," Price said.

☆ 'Life is wild!': First Generation Z member elected to U.S. Congress
▼ + stars: | 2022-11-09 | by ( Tyler Clifford | ) www.reuters.com time to read: +3 min

Nov 9 (Reuters) - Maxwell Frost had just been elected to represent Florida in the U.S. Congress when the 25-year-old received a call that embodied the historical moment. It was U.S. President Joe Biden, a fellow Democrat calling with congratulations on being the first person of Generation Z elected to Congress as a member of the House of Representatives. Identifying as Afro-Latino, Frost's background reflects a generation of Americans that is more racially and ethnically diverse than older age groups. Another Gen Z candidate, Republican Karoline Leavitt, lost her congressional race in New Hampshire. Gen Z voters have come of age in a world reshaped by the global pandemic that disrupted work and school culture, all while stirring economic uncertainty.

"The prime minister is not under a desk," Mordaunt said in parliament, keeping a straight-face despite the jeers and laughter from the opposition Labour Party facing her. Mordaunt now has her second chance to run for the top job, after just missing out on the final two in the contest to become the leader of the ruling Conservative Party earlier this year. She also promoted her patriotism, talking about her memories of the Falkland's conflict that helped to define former prime minister Margaret Thatcher. Her first post came as a local government minister in 2014, followed by armed forces minister and disabilities minister. Truss appointed Mordaunt as the leader of the House of Commons, charged with setting out the government business with her no-nonsense attitude gaining admirers.

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