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Netflix and a popular beauty stock were featured among Friday's biggest analyst calls. Analyst Rob Sanderson initiated coverage of DoorDash with a buy rating and $170 price target, citing strong execution. Alongside the upgrade, Blum downgraded Sunnova Energy to an equal weight rating and slashed his price target to $6 from $11, citing a higher-for-longer rate environment. "Share gains upmarket by Shopify support confidence in the durability of growth against tempered consumer spending expectations," wrote analyst Keith Weiss. The stock has tumbled 11% this year, but could rally 22% based on the firm's adjusted $85 price target.

Persons: Canaccord Genuity, Rob Sanderson, DoorDash, Sanderson, – Samantha Subin, Wolfe, Steven Chubak, BAC's, Chubak, bode, Wells, Michael Blum, Blum, Biden, Samantha Subin, Morgan Stanley, Keith Weiss, Weiss, — Samantha Subin, Canaccord, Maria Ripps, Steven Cahall, Price, Doug Anmuth, Morgan Stanley's Benjamin Swinburne, Jefferies, Ashley Helgans, Helgans, Fred Imbert Organizations: CNBC, Netflix, Friday's, Jefferies, Capital, Industry, Wolfe Research, Bank of America, of America, SCHW, Sunnova Energy, NOVA, Ulta Locations: Wells Fargo, China, Thursday's, Canada

Early analyst calls featured one firm calling for more gains for Nvidia and an upgrade to a major beverage and snacks maker. HSBC raised its price target on Nvidia to $1,050, which implies upside of nearly 20% for the chipmaker. His price target of $190 indicates upside of 15.4% over the next 12 months. — Fred Imbert 5:43 a.m.: HSBC hikes Nvidia price target ahead of GTC Conference HSBC sees more upside in store for shares of Nvidia as the chip giant defends its AI position and reaches new markets. Given this backdrop, analyst Frank Lee boosted the firm's price target to $1,050 from $880 a share, reflecting nearly 20% upside from Friday's close.

Persons: Morgan Stanley, Raymond James downgrades, Raymond James, Steve Moss, Moss, management's, Samantha Subin, Brad Lin, Lee, bode, — Samantha Subin, Dara Mohsenian, Fred Imbert, Frank Lee Organizations: CNBC, Nvidia, HSBC, PepsiCo, York Community Bancorp, New York Community Bancorp, Bank of, Taiwan Semiconductor, AI, Bank of America, Intel, GTC Conference HSBC, GTC Conference

UBS trimmed its price target on Tesla to $165 from $225, implying shares will hover around current levels for the foreseeable future. Nvidia shares have rallied more than 83% this year, building on 2024's nearly 239% gain as investors continue to bet on artificial intelligence. The firm holds an overweight rating on the stock, with its $820 price target implying about 11% downside from Wednesday's close. — Samantha Subin 5:38 a.m.: UBS trims Tesla price target, cites downside risks to deliveries UBS cut its price target on Tesla to $165 from $225 a share, citing slower electric vehicle demand in the U.S. and Europe, coupled with competition concerns in China. He also raised his price target to $68 from $55, which implies upside of 18% from Tuesday's close.

Persons: Goldman Sachs, Christopher Danely, Danely, — Samantha Subin, Joseph Spak, Spak, Wells, outperformance, Richard Ramsden, Ramsden, 2026E, Fred Imbert Organizations: CNBC, UBS, Citigroup, Citi, Nvidia, Devices, Broadcom, AMD, Micron Technology, Micron, NA Locations: U.S, Europe, China, Tuesday's

☆ Watch live: Fed chief Powell speaks after central bank holds rates steady yet again
▼ + stars: | 2024-01-31 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: 1 min

The Federal Reserve is leaving its options open as it assess the path ahead for interest rates and when to implement cuts, said Chair Jerome Powell. "Of course, if labor, if inflation were to surprise by moving back up, we would have to respond to that and that would be a surprise at this point," he said. "But I have to tell you that's why we keep our options open here and why we're not rushing." While markets have digested six months of good data, uncertainties linger and risks could reaccelerate inflation, he added. — Samantha Subin

Persons: Jerome Powell, we're, — Samantha Subin Organizations: Federal

☆ Watch Fed Chief Jerome Powell speak after central bank raises interest rates for a 10th time
▼ + stars: | 2023-05-03 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: 1 min

If Federal Reserve members are correct, it may take some time for rate cuts to seem plausible, said Chair Jerome Powell. "We on the committee have a view that inflation is going to come down not so quickly," he said. "It will take some time, and in that world, if that forecast is broadly right, it would not be appropriate to cut rates and we won't cut rates." He added that demand and labor market conditions will likely need to weaken some more to see progress within non-housing services and deem rate cuts "appropriate." — Samantha Subin

She added that 73% of companies that reported last week surpassed sales expectations, while 67% beat on both measures. Last quarter's week one results showed just 46% of companies beat on both EPS and sales, while the historical average sits at just 48%. "Fueled by bank beats, 1Q EPS is tracking a 30bp surprise," the equity and quant strategist said. Overall, consensus expectations are calling for a more than 7% decline in first-quarter earnings for the S&P 500 year over year, she noted. Big bank earnings may have offered some relief, but the market isn't out of the woods just yet as credit impacts emerge in areas like industrials.

☆ Live updates of the Federal Reserve's big rate decision and Powell's press conference
▼ + stars: | 2023-02-01 | by ( Fred Imbert | ) www.cnbc.com time to read: 1 min

Inflation is easing in some areas of the market but it's too early for the Federal Reserve to say the battle's been won, said Fed Chair Jerome Powell. "It would be very premature to declare victory, or to think that we've really got this." The disinflation process, he said, is in its early stages, but the "job is not fully done." Core services excluding housing have yet to experience disinflation, he added. Powell also expects inflation to continue moving up in housing services, before moving down.

☆ European markets head for higher open ahead of flash PMI data
▼ + stars: | 2023-01-24 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Surging inflation may appear largely in the past, but a shift to a 25 basis point hike at the next Federal Reserve policy meeting is a "mistake," according to Allianz Chief Economic Adviser Mohamed El-Erian. "'I'm in a very, very small camp who thinks that they should not downshift to 25 basis points, they should do 50," he told CNBC's "Squawk Box" on Monday. Inflation, he said, has shifted from the goods to the services sector, but could very well resurge if energy prices rise as China reopens. El-Erian expects inflation to plateau around 4%. "That's probably the best outcome," he said of the latter.

Don't be surprised if economic data coming out over the next week kicks off a rally into the end of the year and potentially 2023, according to Andrew Slimmon, Morgan Stanley Investment Management's senior portfolio manager. The key period of data releases begins Friday with the producer price index, followed by November's consumer price index and another likely rate hike from the Federal Reserve next week. "The last time those were released they all led to rallies in the stock market because we had better inflation prints," he said. Like many investors, Slimmon expects a downturn ahead, given the inverted yield curve, but does not anticipate the "big earnings collapse," or downturn, many people are predicting in the first quarter. This is in part due to the fact that many consumers have beefed up savings in recent years given the proximity of the most recent recession.

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