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Top related persons:
Stocks - 1 Stephen Ju - 1 Amazon's - 1 Ju - 1 Shannon Cross - 1 Flex - 1 Cross - 1 Trung Huynh - 1
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Suisse - 1 Credit Suisse - 1 Amazon - 1 Flex - 1 Merck - 1 Prometheus Biosciences - 1

Search resuls for: "Shannon Cross"


8 mentions found


☆ Here are Credit Suisse's top picks for August, including healthcare and tech stocks
  + stars: | 2023-08-06 | by ( Pia Singh | ) www.cnbc.com   time to read: +3 min
Credit Suisse refreshed its "top of the crop" stock picks for August, betting on some big-name stocks as investors continue to feed the markets with optimism. Credit Suisse recently highlighted several stocks the bank's analysts think can outperform this month. "It is increasingly clear that greater service levels in the form of faster delivery is leading to consumers assigning a higher value to Prime" memberships, Credit Suisse said. Credit Suisse also named electronics manufacturer Flex Ltd. as a top pick. Credit Suisse assigned a $126 price target on Merck, which implies 20% appreciation from Friday's closing price.
Persons: Stocks, Stephen Ju, Amazon's, Ju, Shannon Cross, Flex, Cross, Trung Huynh, Merck, — CNBC's Michael Bloom Organizations: Suisse, Credit Suisse, Amazon, Flex, Merck, Prometheus Biosciences
☆ Credit Suisse is getting even more bullish on Apple into earnings
  + stars: | 2023-04-13 | by ( Brian Evans | ) www.cnbc.com   time to read: +2 min
Credit Suisse is adding to bullish sentiment toward tech giant Apple . Credit Suisse also thinks the company will increase both dividends paid to shareholders and stock repurchases. Credit Suisse reiterated an outperform rating for the stock, and raised its price target to $188 per share from $184, which represents roughly 13% upside for investors from Thursday's close. AAPL YTD mountain Credit Suisse is even more bullish on Apple stock, and thinks the forthcoming earnings report will be a winner for investors. "Our revenue estimate is slightly higher than consensus and guidance on our belief that demand is improving in China," Cross said.
☆ Jim Cramer's top 10 things to watch in the stock market Thursday
  + stars: | 2023-04-13 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
Scott Sheffield, CEO of Club holding Pioneer Natural Resources (PXD), sees oil powering to $100 per barrel if hits $90. Yes, I am upset that they paid a higher price than I thought but that was because of a bidding war with Fortive (FTV). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
☆ Credit Suisse sees Apple beating the Street this week for a couple reasons
  + stars: | 2023-01-30 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +2 min
Credit Suisse is bullish on Apple shares as the tech company prepares to announce its earnings report this week. Credit Suisse also held steady on its revenue estimate of $121.6 billion for Apple's fiscal first quarter and per-share earnings of $1.92. "We see potential upside to our estimates which are below the Street," analyst Shannon Cross said in a note to clients on Monday. She also noted that margins could benefit because Apple raised prices in many countries to offset the strong dollar. Meanwhile, Cross estimates Mac revenue having declined $3.1 billion, or 27% on a quarterly basis due to backlog fulfilled during the fiscal fourth quarter.
☆ Credit Suisse upgrades Corning, says optics stock is leaving challenges behind in 2022
  + stars: | 2023-01-04 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
Investors can expect a clear path forward for Corning , according to Credit Suisse. Analyst Shannon Cross upgraded shares to outperform from neutral, saying the company's previous challenges no longer weigh on the stock. We forecast growth to reaccelerate through 2023 aided by multi-year government funding programs (~$85B allocated to broadband in the US) and overall growing network/cloud demand," Cross wrote. Meanwhile, TV panel production is expected to recover after hitting a 14-year low in September, which could further support the stock. Corning shares were down roughly 12% in 2022.
☆ These are the Dow stocks you want to own the most if the Fed sparks a risk-on rally
  + stars: | 2022-11-01 | by ( Michelle Fox | ) www.cnbc.com   time to read: +3 min
Beaten-down stocks could be the big beneficiaries of a potential Federal Reserve-fueled rally this week. It would be the Fed 's fourth straight 0.75 percentage point increase in its campaign to tame inflation. Instead, investors will focus on what Fed Chair Jerome Powell may signal about future rate increases on Wednesday. Any signs that the Fed will slow the pace of tightening could ease investors' fears of a recession and result in a risk-on rally. The iPhone maker is down 13.3% so far this year, far less than other hard-hit tech stocks.
☆ 'Safe port in the storm:' Why investors rewarded Apple but fled its Big Tech peers after earnings
  + stars: | 2022-10-28 | by ( Kif Leswing | ) www.cnbc.com   time to read: +5 min
Apple's earnings received a drastically different reaction from investors than its Big Tech peers Amazon, Google, Microsoft and Facebook. Shares of Apple were up about 7% Friday morning, the day after Apple reported earnings that showed 8% annual sales growth and despite misses on estimates for iPhone and services revenue. Apple looks like a "relatively safe port in the storm," as a note Friday from Credit Suisse analyst Shannon Cross says. Sacconaghi said some of Apple's Big Tech peers also seemed to have issues controlling costs, whereas Apple remains fairly lean and profitable. "Overall, our viewpoint remains consistent that Apple remains recession resilient given its products, services and wearables businesses," wrote Piper Sandler's Harsh Kumar.
☆ Analysts view Apple as a 'safe haven' and 'bright spot' in tech following another strong quarter
  + stars: | 2022-10-28 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
Apple 's quarterly results proved to analysts that the iPhone maker's stock is the place to hide when a recession hits. Wells Fargo's Aaron Rakers called Apple the "bright spot amid mega-cap carnage" in a note to clients Thursday as the company shared "better-than-feared" results even in this troublesome macro environment. Credit Suisse's Shannon Cross said the stock is a "safe haven" and "relatively safe port in the storm" in a note to clients Thursday. JPMorgan Chase's Samik Chatterjee said the results underscore Apple's resilience and should further entice investors to buy the stock. "Amid a sea of large-cap earnings debacles, Apple's results appear to be a relative victory," wrote Bernstein's Toni Sacconaghi.
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