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☆ '3 Body Problem' is not 'Game of Thrones' with aliens — but it's just getting started
▼ + stars: | 2024-03-09 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

Similarly, it's hard to tell how "3 Body Problem" will pan out even from its first season, which by the end still feels like it's only barely gotten started. Netflix"3 Body Problem" is based on Chinese author Liu Cixin's "Remembrance of Earth's Past" trilogy. The modern-day storyline is less compelling — at least so farJin Cheng (Jess Hong) and Jack Rooney (John Bradley) in "3 Body Problem." "3 Body Problem" has a "Contact"-like bent, in that it attempts to use science and extraterrestrial life to interrogate the idea of God itself. But "3 Body Problem" is worth your time, if at least to see what some of television's greatest hitmakers have taken on next.

Persons: David Benioff, Weiss, Liu Cixin's, Alexander Woo, —, Benioff, Carl Sagan fan's, Ye Wenjie, Ye Zhetai, he's, she's, Wenjie, Rosalind Chao, Tseng, Derek Tsang, Jin Cheng, Jess Hong, Jack Rooney, John Bradley, Ed Miller, alums, Da Shi, Benedict Wong, Thomas Wade, Liam Cunningham, Ye, Woo, It's, Ye Wenjie's Organizations: Netflix, Service, HBO, Amazon's, Tsinghua University Locations: China, Mongolia, London, Oxford

He also said that Flywire trading at a discount of about 25% is "unwarranted given the company's strong competitive position and organic revenue growth trajectory." "These risks along with a tough demand setting is likely to remove any support for the stock price." — Alex Harring 5:29 a.m.: BTIG moves to sidelines on McDonald's after earnings BTIG has a different taste in its mouth about McDonald's following earnings. The bank upgraded the delivery giant to buy from neutral and hiked its price target to $175 from $160. "We expect management to deliver a strong cost reduction program to support margin expansion and attractive EPS growth despite facing a backdrop of muted revenue growth," analyst Thomas Wadewitz wrote.

Persons: Flywire, Nate Svensson, That's, Svensson, — Alex Harring, Gross, Manav Gupta, Gupta, Jairam Nathan, Nathan, Tesla, Li, Edison Yu, Yu, Piper Sandler, Arvind Ramnani, Chegg, Ramnani, Alex Harring, Tyler Radke, Palantir, Radke, BTIG, Peter Saleh, Saleh, McDonald's, Thomas Wadewitz, Wadewitz, Fred Imbert Organizations: CNBC, Parcel Service, Deutsche Bank, UBS, Leadership, Li Auto, KraneShares CSI China Internet, Citi, Wall, Revenue, UPS Locations: Tuesday's premarket, Monday's, U.S, Israel

Oppenheimer downgraded Home Depot and Lowe's to perform from outperform, cutting its price targets on both names. On a more upbeat note, Goldman Sachs upgraded Brazilian payments stock StoneCo, calling for more gains ahead after a strong 2023. "While lululemon's fundamentals are undoubtedly best-in-class, we do not see the valuation as compelling enough for us to recommend investors buy at current share price levels." Oppenheimer's forecast implies roughly 5% downside moving forward for Home Depot stock and 5% upside for Lowe's. Shares of Home Depot have added 5% so far this year while Lowe's stock has slipped more than 1%.

Persons: Oppenheimer, Lowe's, Goldman Sachs, Hunt, Thomas Wadewitz, Brian Evans, Morgan Stanley, Morgan Stanley's, Lisa De Neve, — Brian Evans, Lululemon, LULU 1Y, Anne, Laure Bismuth, Brian Nagel, Tito Labarta, Labarta, — Fred Imbert Organizations: CNBC, UBS, HSBC downgrades, HSBC, Lowe's, Home Depot Locations: Hunt, J.B, LULU, Brazil

☆ UBS downgrades UPS as margin pressure, lower shipping volumes weigh on stock trajectory
▼ + stars: | 2023-08-09 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

UBS is moving to the sidelines on shipping giant UPS while the company tries to improve margins. The firm downgraded the shipping giant to neutral from buy on Wednesday and lowered its price target to $185 from $198. UPS said the cost of a new labor contract with employees would weigh on shipping volumes. The analyst lowered his 2023 and 2024 earnings per share forecasts by 12% to reflect the margin pressure. UPS YTD mountain UPS stock has added 3.8% so far in 2023.

Persons: Thomas Wadewitz, Wadewitz, — CNBC's Michael Bloom Organizations: UBS, UPS Locations: 2Q24

Raymond James is optimistic on FedEx after the shipping giant announced Wednesday a cost-cutting restructuring plan. He retained his price target of $285 per share, which implies almost 24% upside from Wednesday's close price. DRIVE is FedEx's comprehensive $4 billion cost-cutting plan which includes consolidating FedEx Ground, FedEx Express and other operating companies into FedEx Services. Analyst Thomas Wadewitz has a buy rating on shares and sees the stock rising 13%. FedEx shares were up 1.3% Thursday before the bell.

Groups representing big rail shippers said Thursday’s tentative railroad-labor contract avoids potential turmoil in their supply chains and they are hoping for rapid ratification by union members to fully ease the labor tensions. “We are relieved and cautiously optimistic that this devastating nationwide rail strike has been averted,” said National Retail Federation President and Chief Executive Matthew Shay. The tentative deal must now be ratified by members of the various unions covered by the contracts. The deal, which is retroactive to 2019, includes a 14.1% wage increase upon ratification. Still, the agreement may help improve rail service in operations that have been hit by capacity and staffing shortages, he wrote.

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