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Top related persons:
Edison Yu - 2 – CNBC's Michael Bloom - 2 Ron Epstein - 1 Epstein - 1 Morgan Stanley — - 1 Kristine Liwag - 1 Liwag - 1 Stifel - 1
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premarket U.S BlackRock
Top related orgs:
Rocket - 2 Bank of America - 2 Deutsche - 2 Citi - 1 Deutsche Bank - 1 Space - 1 Electron - 1 Apple - 1

Search resuls for: "– CNBC's Michael Bloom"


8 mentions found


☆ Wall Street praises Rocket Lab's performance and sees stock climbing: 'Yet another strong quarter'
  + stars: | 2023-08-09 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com   time to read: +3 min
Wall Street was largely effusive about Rocket Lab's execution and growth, as analysts reacted to the space company's second-quarter results from Tuesday. Rocket Lab stock slid about 4% in early trading on Wednesday, after rising as much as 10% in premarket, from its previous close at $6.66 a share. Here's what analysts had to say about Rocket Lab's performance. Morgan Stanley — Overweight, $10 price target The firm's Kristine Liwag believes Rocket Lab stock "still has room to run" despite climbing about 70% so far this year. Roth Capital – Buy, $10 price target Analyst Suji Desilva also emphasized Rocket Lab's "steady launch execution" and expansion toward becoming an "end-to-end vendor" in the space market.
Persons: Ron Epstein, Epstein, Edison Yu, Morgan Stanley —, Kristine Liwag, Liwag, Stifel, Erik Rasmussen, Rasmussen, Roth, Suji Desilva, Jason Gursky, Gursky, Michael Bloom Organizations: Rocket, Bank of America, Deutsche, Citi Locations: premarket, U.S
☆ Rocket Lab's stock has doubled this year — and Deutsche Bank sees it climbing even higher
  + stars: | 2023-07-19 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com   time to read: +1 min
Rocket Lab's stock has been on a tear, more than doubling this year. Deutsche has a buy rating on Rocket Lab and a $10 price target that is nearly 28% above Tuesday's close of $7.83 a share. Rocket Lab's stock is up 107% year to date. Deutsche expects Rocket Lab's revenue and profitability to continue to climb, thanks to more launches by its Electron rocket. Additionally, Yu highlighted Rocket Lab's recent purchase of former Virgin Orbit assets — bought at an 80% discount in an auction.
Persons: Edison Yu, Yu, —, – CNBC's Michael Bloom Organizations: Deutsche Bank, Rocket, Deutsche, Space, Electron, Apple, SpaceX, United Launch Alliance, Virgin Orbit
☆ Fixed income investing is heating up. Here are a couple stocks to play it, according to Bank of America
  + stars: | 2023-07-13 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +2 min
A higher interest rate environment has made fixed income exciting, and Bank of America has a couple of stock plays on the theme. The Federal Reserve's series of 10 rate hikes has boosted yields on Treasurys and money market funds. Bank of America analyst Craig Siegenthaler says fixed income reallocation will continue to be a theme, and that could lift the shares of certain asset managers and brokers. "We believe [ BlackRock and Tradeweb ] are the two best ways to invest in fixed income with both retirees and pension plans raising allocations to traditional fixed income over the next 12 months," he said in a Tuesday report. He added investors should "expect sizable flows into fixed income, money markets and private credit over the next 12 months and look for bond trading volumes to increase."
Persons: Craig Siegenthaler, Tradeweb, Siegenthaler, – CNBC's Michael Bloom Organizations: Bank of America, Investment Company Institute . Bank of America, brokerages, LPL Locations: BlackRock
☆ Carvana shares pop as company offers first-quarter guidance, restructures debt
  + stars: | 2023-03-22 | by ( Michael Wayland | ) www.cnbc.com   time to read: +2 min
Shares of Carvana popped during early trading Wednesday after the embattled used car retailer pre-announced guidance for the first quarter and released plans to restructure some of its $9 billion debt load. The company's stock increased by nearly 30% Wednesday morning before leveling off at around $9.50 a share, up roughly 20%. The stock has more than doubled this year following a rapid decline last year as the company's operations and earnings disappointed Wall Street. Carvana expects a first-quarter loss of between $50 million and $100 million, drastic improvement from a loss of $348 million it reported a year earlier, despite significantly lower sales and revenue. As for Carvana's debt, the company is offering noteholders the option to exchange their unsecured notes at a premium to current trading prices in exchange for new secured notes.
☆ U.S.-listed Chinese stocks rally as investors turn bullish on reopening shift
  + stars: | 2022-12-05 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Shares of Chinese companies listed in the U.S. jumped Monday after China loosened more Covid restrictions to accelerate the reopening of the economy. The index holds 65 companies whose common stocks are publicly traded in the U.S. The rally came as some big cities including Beijing and Shenzhen are taking steps to ease Covid testing requirements and quarantine rules amid an economic slowdown and public unrest. Morgan Stanley upgraded Chinese stocks to an overweight rating in light of the change in policy. The Hang Seng Tech Index, which represents the 30 largest technology companies listed in Hong Kong, surged 9.3% in Asia trading hours.
☆ Wall Street is skeptical of GM's ambitious EV plans
  + stars: | 2022-11-18 | by ( Michael Wayland | ) www.cnbc.com   time to read: +6 min
DETROIT – Wall Street is skeptical of General Motors' plans to produce profitable electric vehicles years ahead of schedule and substantially bring down battery costs amid supply chain problems and broader economic concerns. GM's average rating is overweight with a 12-month target price of $47.77 per share, according to analysts compiled by FactSet. That would be years ahead of schedule and mean a dramatic decline in the automaker's battery costs amid supply chain problems, cyclical demand concerns and potential shortages in raw materials. It boosted its cash flow guidance to between $10 billion and $11 billion, up from $7 billion and $9 billion. Here are comments from other analysts as well as their ratings and price targets for GM following the investor event.
☆ Deutsche sees two satellite imagery plays with 'growth similar to software companies'
  + stars: | 2022-11-07 | by ( Michael Sheetz | ) www.cnbc.com   time to read: +1 min
Deutsche began coverage Monday of a pair of satellite imagery ventures, saying the space stocks have potential for "growth similar to software companies." The firm issued buy ratings for Planet and BlackSky , with Deutsche analyst Edison Yu noting that both companies are "generating substantial revenue now." Deutsche has a $7 price target on the stock, representing a 32% climb from current levels. Deutsche noted that "BlackSky has been more inconsistent operationally," but the company's software and "lucrative" government contracts "ultimately make it an attractive strategic target given the current depressed valuation." Deutsche has a $3 price target on BlackSky shares, essentially double their current trading level – with the stock down 63% this year.
☆ Bank of America names 2 space stocks to buy on the dip — sees one tripling in value
  + stars: | 2022-11-07 | by ( Michael Sheetz | ) www.cnbc.com   time to read: +2 min
Bank of America named two space pure-plays as top picks in the evolving sector, seeing opportunities for investors in Rocket Lab and Terran Orbital . The firm sees Rocket Lab as having the "best overall portfolio" among space pure-plays, having executed successfully on its expansion-by-acquisition strategy. Bank of America has a $12 price target on Rocket Lab's stock, which is 132% above the current share price. Rocket Lab stock is down 58% so far this year. Bank of America has a $700 price target on Northrop Grumman's stock, or 34% above the current share price.
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