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Here are Tuesday's biggest calls on Wall Street: Piper Sandler initiates Colgate-Palmolive and Church & Dwight as overweight Piper said both consumer products company offer an attractive risk/reward. Piper Sandler upgrades Salesforce to overweight from neutral Piper said it sees an attractive risk/reward for the stock. Bernstein reiterates Amazon as outperform Bernstein said advertising is "key to the bull case once again" for Amazon. Wedbush upgrades Comerica to outperform from neutral The firm added the regional bank to its best ideas list. " CFRA reiterates Nvidia as buy The firm says it sees Nvidia with "sustained compute demand" over the coming years.
Persons: Piper Sandler, Dwight, Piper, Baird, Jefferies, it's bullish, Raymond James reinstates Uber, Raymond James, Goldman Sachs, Goldman, KeyBanc, Morgan Stanley, immuno, Oppenheimer, Lowe's, Redburn, it's, Truist, Baird downgrades McKesson, Needham, Apple, Pinterest, Leerink, Guggenheim, Tesla, TSLA, Bernstein, CFRA Organizations: Colgate, Palmolive, Church, Jefferies, Starbucks, Avidity Biosciences, BP, Exxon, Costco, Walmart, Apple, GE Vernova, UBS, Citi, Mastercard, Visa, U.S, DOJ, Comerica, CMA, Nvidia
Excel's is-it-ironic-or-not branding makes sense, given the growing popularity of synthetic nicotine pouches among office workers wanting a boost. Excel Pouches cofounder John Coogan Elspeth VincentIn addition to the corporate world, the pouches have also found loyal devotees within certain circles of the political right. Lucy's first product was nicotine gum, and it also vends a Breakers brand whose nicotine pouches contain a flavor capsule. In an email interview with BI, Day Job cofounder Rion Harmon said the branding was inspired by Wall Street's hedonistic heyday. AdvertisementCoogan likened Excel to "American Psycho," a satire that he said has been "rightly embraced by finance bros as a style guide."
Persons: , John Coogan, Zyn, John Coogan Elspeth Vincent In, Tucker Carlson, Alp, Coogan, Soylent, Coogan —, Lucy, l6qOZlHH6e — John Coogan, Rion Harmon, Wall, Harmon, " Coogan, Patrick Bateman, Gordon Gekko Organizations: Service, Business, Excel, Fund, Goods, Colgate, bros Locations: Excel's, Los Angeles, Montauk
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Debating P & G: We remain torn over traditional slowdown stocks like Procter & Gamble and other defensive consumer stocks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, we're, Morgan Stanley, Wells, Wells Fargo, It's, we've, Hock Tan, Rene Haas, Jim Cramer's, Jim, Charlie Scharf, Patrick T, Fallon Organizations: CNBC, Apple, Apple Intelligence, Micron, Currency, Procter, Gamble, Colgate, Palmolive, Broadcom, Arm, Jim Cramer's Charitable, Milken Institute Global Conference, Afp, Getty Locations: stock's, Wells Fargo, Beverly Hills , California
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Home Depot , our newest Club holding, stands out as the "single best" play for this rate cut environment, Jim Cramer said Monday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Jim, Eaton, Ming Chi, Kuo, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Depot, Club, Home Depot, Citi, Apple, Apple Intelligence, Colgate, Palmolive, Coca, Simon Property Group
Apple — The technology stock fell more than 2% following analyst reports that early shipping data may signal softer demand for iPhone 16 Pro models. Intel — The semiconductor stock rose 1.3% before on the bell. Micron Technology — The semiconductor stock slid 2.8% after Morgan Stanley cut its price target by a whopping $40 to $100. ASE Technology — The semiconductor packager added 1.7% on the heels of a Morgan Stanley upgrade to overweight from equal weight. Zillow — The real estate stock rose more than 2% after an upgrade to outperform from neutral from Wedbush.
Persons: Donald Trump, Bausch, Morgan Stanley, Morgan Stanley's, Wells, Ally, downgrades, Zillow, , Jesse Pound, Sarah Min, Sean Conlon, Samantha Subin Organizations: Trump Media & Technology, Republican, Holdings, Apple, Financial Times, Alcoa, Intel, Bloomberg, Micron Technology, Technology, Colgate, Palmolive, Bank of America, Zillow Locations: California, Wells Fargo
Here are the biggest calls on Wall Street on Monday: Evercore ISI reiterates Alphabet as outperform Evercore says it's sticking with shares of the search giant. Morgan Stanley reiterates Micron as equal weight Morgan Stanley lowered its price target on the stock to $100 per share from $140. Morgan Stanley reiterates Tesla overweight Morgan Stanley says it's sticking with its overweight rating heading into Tesla's robotaxi day on Oct. 10. Morgan Stanley upgrades Ase Technology to overweight from equal weight Morgan Stanley said in its upgrade of Ase that the chipmaker's stock is defensive. Morgan Stanley upgrades Chart Industries to overweight from equal weight Morgan Stanley says the gas liquefication company has "significant exposure to both energy transition and renewables as well as traditional energy."
Persons: Evercore, Morgan Stanley, Tesla, Simon, Eaton, Wells, Pro Max, Carvana Evercore, Jack Sinclair, Curtis Valentine, Merchant Scott Neal, BTIG, Truist, Melius Organizations: DOJ, Micron, Technology, Industries, Citi, downgrades Colgate, Palmolive, CL, Barclays, GE, GE Vernova, JPMorgan, Apple, Pro, Ally, Mizuho, Oracle, " Bank of America, Nvidia, Bank of America Locations: Tesla's, Staples
Calls of the Day: Colgate, Oracle, Progressive and Exxon
  + stars: | 2024-09-16 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Colgate, Oracle, Progressive and ExxonThe Investment Committee discuss the latest Calls of the Day.
Organizations: Colgate, Oracle, Progressive, Exxon, Investment
SKIP AHEAD Best at-home teeth whitening products | How I picked the best teeth whiteners | Which teeth whitening product is right for you? The best at-home teeth whitening productsWith expert guidance in mind, I rounded up a handful of at-home teeth whitening products across types and price points. Best teeth whitening strips and traysIf you have sensitive teeth, I recommend Lumineux’s whitening strips since they don’t contain peroxides or bleaches that can be painful for those with sensitive teeth, according to the brand. Whitening toothpaste: Whitening toothpaste primarily relies on abrasives to help remove surface stains on teeth, according to the ADA. Teeth whitening trays: Teeth whitening trays are similar to whitening strips — they adhere to teeth and whiten using active ingredients while you wear them.
Persons: Ilona Casellini, Matt Messina, you’ve, , Messina, TikTok Organizations: Colgate, Burt's Bees, NBC, ADA, Apple, The Ohio State University College of Dentistry, Arlington Dentistry, Facebook, Twitter Locations: Los Angeles , California, Ohio, Arlington, Messina,
Despite that, P & G had a spotty quarter, which could give fuel to investors worried that a deterioration in the consumer would make its guidance harder to achieve. Nevertheless, P & G still fills an important role in a diversified portfolio, and its business is on solid footing. That includes North America, where organic sales grew 4%, and Europe, where organic sales increased 2% despite a difficult 12% comparison in the year-ago period. That helps explain how you get organic sales in China down 9%, albeit a slight sequential improvement from the 10% drop in the third quarter. It saw a mid-single digit decrease in organic sales because of market-share losses for its Luvs diapers.
Persons: Gamble, Stanley Black, Decker, Procter, Jim Cramer, Andre Schulten, Jon Moeller, Jim, it's, Jim Cramer's, Andrew Kelly Organizations: Procter, Revenue, LSEG, Procter & Gamble, Colgate, Palmolive, Unilever, Federal Reserve, SK, Care, CNBC Locations: U.S, Western Europe, North America, Europe, China, Japan, Middle, Manhattan , New York City
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. 3M: Shares were slightly lower Monday, giving back some of their 23% surge Friday on the back of a better-than-expected quarter and raised outlook. New CEO Bill Brown, who took over at the industrial firm May 1, had success at L3Harris Technologies and "will be a big winner here," as well, Jim Cramer said. McDonald's : Shares rose 4% despite the fast-food giant reporting weaker-than-expected earnings and revenue along with same-store sales declines. That's the stuff that's moving up" while buzzier chip stocks tied to artificial intelligence, such as Arm Holdings , are struggling, Cramer explained.
Persons: Jim Cramer's, Bill Brown, Jim Cramer, Cramer Organizations: CNBC, Club, L3Harris Technologies, Bristol Myers Squibb, Semiconductor, Wall, Texas Instruments, Arm Holdings, Colgate, Palmolive
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMonday's rapid fire: 3M, Bristol Myers Squibb, McDonald's, On Semiconductor and Colgate-PalmoliveCNBC's Jim Cramer on Monday discussed notable stock moves in recent days, including the response to 3M's earnings and McDonald's quarterly results.
Persons: Jim Cramer Organizations: Bristol Myers Squibb, Semiconductor, Colgate, Palmolive Locations: McDonald's
Dexcom — Shares plummeted more than 40% after the medical device maker missed expectations for second-quarter revenue and offered weak full-year guidance for the measure. That exceeded analysts' expectations for earnings of $3.48 per share on revenue of $808 million, per LSEG. Norfolk Southern — Shares of the railroad operator gained 10% after a second-quarter earnings beat. Texas Roadhouse — The restaurant chain climbed 4.4% after second-quarter earnings topped expectations. Texas Roadhouse earned $1.79 per share, above the $1.64 per share estimate from analysts surveyed by LSEG.
Persons: Dexcom, Coursera, Newell Brands, Newell, Boston Beer, LSEG, Mohawk, Bristol Myers Squibb, Morgan Stanley, FactSet, amortization, Bitcoin, Alexander, Baldwin —, Alexander & Baldwin, Piper Sandler, Guggenheim, Sweetgreen —, Oppenheimer, Stifel, Yun Li, Pia Singh, Sean Conlon, Jesse Pound, Hakyung Kim, Lisa Kailai Han Organizations: LSEG, Newell, Yankee, Wall, Boston Beer, Boston, Mohawk Industries, Bristol Myers Squibb, Bristol, Revenue, Norfolk Southern, Norfolk, Charter Communications, Southwest Airlines, Deutsche Bank, Southwest, Redburn, FactSet, FTAI Aviation, Texas, Texas Roadhouse, LSEG . Revenue, Colgate, Palmolive Locations: Norfolk
The data didn't sway the market odds on the Fed cutting interest rates three times this year, starting in September. The industrial conglomerate raised its full-year outlook. Two of the Club's industrial names, Honeywell and Dover , reported earnings this week with mixed fortunes for their stocks. Dexcom shares plunged more than 35% after the medical device company missed on revenue and cut its full-year outlook. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Bristol Myers, Abbott, Skechers, Lockheed Martin, L3Harris, Japan's Eisai, Eli Lilly, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Federal, Transportation, Electronics, Honeywell, Colgate, Palmolive, Abbott Laboratories, Libre, Deutsche Bank, Lockheed, EU, Novo Nordisk, Jim Cramer's Charitable, CNBC Locations: Dover
Stock futures rose modestly on Thursday evening as the major averages head for weekly losses and investors anticipated a reading of the Federal Reserve's preferred inflation gauge. Futures tied to the Dow Jones Industrial Average advanced 42 points, or just over 0.1%. S&P 500 futures and Nasdaq 100 futures climbed about 0.1% each. The activity seemed to be part of a broader rotation into small caps and more cyclical areas of the market. ET, traders will watch for the June reading of the personal consumption expenditures report, an inflation reading that's preferred by central bank policymakers.
Persons: Kamala Harris, Dexcom, Adam Turnquist, Dow, Dow Jones Organizations: New York Stock Exchange, Federal, Dow Jones Industrial, Nasdaq, Dow, Bristol Myers Squibb, Colgate, Palmolive, 3M Locations: New York City, Stock, Michigan
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Those are our only "own, don't trade" stocks, and they may hold the key to the rest of tech. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, it's, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Apple, Nvidia, Club, Broadcom, AMD, Juniper Networks, Digital Realty Trust, Boston Beer, Bristol, Myers, Charter Communications, Colgate, Fed, Jim Cramer's Charitable Locations: Dexcom, Sketchers, Texas
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Arista Networks, P&G, Colgate-Palmolive, Royal Caribbean and Progressive Corp. The Investment Committee discuss the latest Calls Of The Day.
Organizations: Arista Networks, Colgate, Palmolive, Royal, Progressive Corp Locations: Royal Caribbean
Here are Wednesday's biggest calls on Wall Street: RBC upgrades Estee Lauder to outperform from sector perform RBC said it sees an attractive risk/reward. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by shares of Tesla following the release of disappointing earnings. Morgan Stanley initiates Biohaven as overweight Morgan Stanley said it sees "value creation" for the biotech company. Morgan Stanley downgrades General Motors to equal weight from overweight Morgan Stanley said it sees a more "balanced" risk/reward for shares of GM. " Cantor Fitzgerald downgrades Tesla to neutral from overweight Cantor downgraded Tesla following earnings on Tuesday.
Persons: Lauder, Raymond James, Taylor Morrison, it's, Morgan Stanley, Tesla, Tesla's, TD Cowen, JFrog, Cowen, Lockheed Martin, Goldman Sachs, Goldman, Smith, Stifel, GOOGL, Jefferies downgrades, Gamble, Jefferies, Piper Sandler downgrades Ulta, Piper, Gordon Haskett, Joel Anderson, Cantor Fitzgerald downgrades Tesla, Cantor Organizations: RBC, Taylor Morrison Homes, Tesla, Lockheed, Spotify, JPMorgan, Garden Entertainment, Apple JPMorgan, Apple, Jefferies downgrades Colgate, Palmolive, Procter, Colgate, Gamble, Deutsche Bank, Deutsche, Motors, GM, Barclays, Disney, Universal Studios, Davidson Locations: GenAI, Malibu
In general, steak houses are a popular place for a power lunch. The interior of Keens still feels like an old-school social club. Rachel AskinasiWhat is a power lunch? And when you think about a place ripe for flexing a corporate card with no spending limit, any of New York City's legendary steak houses come to mind. Plus, the history of an old New York social club adds to its exclusive allure.
Persons: Rachel Askinasi Organizations: New York, Sixth, Citigroup, CBS, Colgate, Palmolive Locations: New, midtown, Midtown Manhattan, New York
In general, steak houses are a popular place for a power lunch. The interior of Keens still feels like an old-school social club. Rachel AskinasiWhat is a power lunch? And when you think about a place ripe for flexing a corporate card with no spending limit, any of New York City's legendary steak houses come to mind. Plus, the history of an old New York social club adds to its exclusive allure.
Persons: Rachel Askinasi Organizations: New York, Sixth, Citigroup, CBS, Colgate, Palmolive Locations: New, midtown, Midtown Manhattan, New York
But in general, this is the kind of development we've hoped to see ever since Starbucks' massive earnings miss April 30. We'll take the nearly 7% pop in shares Friday and hope it's only the beginning of recovery for the beaten-up stock. Fed's fave inflation measure : The personal spending and income report will be the most closely watched economic report next week. Earnings : As the second-quarter earnings season picks up pace, we'll hear from five Club holdings next week including Google parent Alphabet . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Russell, Donald Trump, — Trump, Jim Cramer, Trump, Donald Trump's, Taiwan's TSMC, Joe Biden's, Biden, Biden's, he's, Elliott, we've, We'll, it's, we'll, Sartorius, Ford, Jim Farley, We're, Honeywell management's, , Zions, BOK, Brown, BRO, Lockheed Martin, Philip Morris, Clark, Lamb, Edwards Lifesciences, DOV, Dr Pepper, CARR, Baker Hughes, Booz Allen Hamilton, Jim Cramer's, Jim Organizations: Federal Reserve, Nasdaq, Dow, Republican National Convention, GOP, Bloomberg Businessweek, Trump, Elliott Management, Starbucks, Street Journal, Technology, General Motors, Honeywell, Dover, Products Company, Verizon, Truist, SAP, Semiconductors, Crown Holdings, Cadence Design Systems, Medpace Holdings, AGNC Investment, Logitech International S.A, KKR Real Estate Finance Trust, Berkley Corp, Spotify Technology S.A, United Parcel Service, GE Aerospace, GE, Cola Company, Lockheed, Comcast, Polaris Industries, Philip Morris International, Company, HCA Healthcare, Moody's Corporation, Enphase Energy, Texas Instruments Incorporated, Chubb Corporation, Seagate Technology plc, Maine, Packaging Corporation of America, Weatherford International plc, Canadian National Railway Company, FTAI Aviation Ltd, Mattel, Vertiv Holdings Co, Lamb Weston Holdings, NextEra Energy, Tenet Healthcare, Fisher, GE Vernova, Boston Scientific Corporation, General Dynamics, Lennox International, Software Technologies, CME Group, Fortive Corporation, Co, Roper Technologies, Teck Resources Limited, Blackstone Mortgage Trust, Economico Mexicano S.A, Dominion Freight, Otis Worldwide Corporation, OTIS, Ford Motor Company, Grill, Business Machines, IBM, Viking Therapeutics, Las Vegas Sands Corp, Newmont, Whirlpool, Globe, WM, O'Reilly Automotive, Annaly Capital Management, Honeywell International, American Airlines Group, Hasbro, Southwest Airlines Co, New York Community Bancorp, RTX Corporation, AstraZeneca, Carrier Global Corporation, Integer Holdings Corporation, Valero Energy, Texas, Juniper Networks, Boston Beer Company, Physicians Realty Trust, Allison Transmission Holdings, Corp, Columbia Banking, Digital Realty Trust, Edison International, Myers Squibb, Charter Communications, 3M Company, Booz, Centene Corporation, AON, Barnes, Colgate, Palmolive, Jim Cramer's Charitable, CNBC, U.S Locations: U.S, Taiwan, FactSet, China, Dover, Cleveland, Alexandria, ZION, W.R, Freeport, Kimberly, Cal, Teck, Las, ORLY, New, Banc, Bristol, Milwaukee , Wisconsin
Earnings season is kicking into high gear, and Morgan Stanley named a few stocks to buy ahead of results. CNBC Pro combed through top Morgan Stanley research to find overweight-rated stocks ahead of earnings. Apple Analyst Erik Woodring elevated the tech giant to top pick status earlier this week. "Apple Intelligence is set to drive record device upgrades," the analyst wrote. Apple "Apple Intelligence is a clear catalyst to boost iPhone and iPad shipments, and our deep dive into the iPhone installed base, upgrade rates, and mix shift now points a record cycle ahead … Apple Intelligence is set to drive record device upgrades.
Persons: Morgan Stanley, Dara Mohsenian, Mohsenian, Erik Woodring, Woodring, Sanjit Singh, Singh, Datadog Organizations: CNBC, Apple, Colgate, Palmolive, Datadog, Spotify Technology, Nu Holdings, LT, Apple Intelligence, Open Finance, NU Locations: Brazil, Mexico
The consumer will be in focus next week as investors head into the thick of earnings season and await some major macroeconomic reports. So far, just 14% of S & P 500 companies have reported earnings results. As one strategist noted, Wall Street is about to get insight into the economy from more than half the broad market index. The thick of earnings Earnings season is off to a strong start. Credit card company Visa will be reporting next week after American Express' results this week suggested inflationary pressures have reached the higher-end consumer.
Persons: Russell, We're, Terry Sandven, Sherwin, Williams, Charles Ashley, Read, Ashley, We've, It's, Lockheed Martin, Kimberly, Clark, General, Philip Morris, Lamb Weston, Northrop, Rowe Price Organizations: Federal, Nvidia, U.S, Bank Asset Management, Nasdaq, Dow Jones, Whirlpool, Catalyst Funds, Visa, American Express, Google, Commerce, FactSet, Fed, Chicago, Verizon, Richmond Fed, Enphase Energy, Capital, Texas, Williams, Comcast, General Motors, United Parcel Service, Philip Morris International, GE Aerospace, PMI, O'Reilly, Grill, Business Machines, Vegas Sands, Ford Motor, Technology, NextEra Energy, GE, . Kansas City Fed Manufacturing, American Airlines, CBRE, Valero Energy, Hasbro, Tractor Supply, Northrop Grumman, Southwest Airlines, Honeywell International, Norfolk Southern, Rowe Price Group, Myers Squibb, Colgate, Palmolive Locations: , Freeport, McMoRan, Vegas, . Kansas, Michigan, Bristol
Bank of America reiterates Broadcom as buy Following Broadcom's earnings report, Bank of America said the company has "potential to join the trillionaires club." Morgan Stanley downgrades Corning to equal weight from overweight Morgan Stanley downgraded Corning mainly on valuation. Bank of America reiterates Dell as buy Bank of America said it sees several positive catalysts ahead for Dell. Morgan Stanley reiterates Amazon, Alphabet, Meta, Microsoft and Adobe as overweight Morgan Stanley named several tech stocks that it said are well positioned for AI. " Morgan Stanley reiterates Colgate-Palmolive as a top pick Morgan Stanley said it sees a "pet inflection on the horizon" for Colgate.
Persons: it's, Oppenheimer, Ulta, Jefferies, OpenAI, Bernstein, Goldman Sachs, Goldman, Morgan Stanley, Goodyear, Wolfe, Bill Brown, Morgan Stanley downgrades Corning, TD Cowen, Cowen, KeyBanc, Dell, Clark, Wells, Fortnite, Stephens, Wedbush, Tesla, Elon Musk Organizations: Deutsche Bank, Nike, Bank of America, Broadcom, Citi, Royal, TEAM, Microsoft, OpenAI, Nvidia, Starbucks, Goodyear Tire, Civitas Resources, Netflix, Media Survey, Dell, " Bank of America, underperform Bank of America, Adobe, Colgate, Palmolive, Technology, Barclays, NextEra Energy Partners, NextEra Energy, Boeing, of America Locations: Royal Caribbean, Corning, Texas
While challenges are mounting for consumers, Goldman Sachs still has some names that it sees as smart picks. The latest indicator of how shoppers are faring came Wednesday morning with the May consumer price index reading. The majority of analysts surveyed by LSEG also have a buy rating and price target suggesting the stock can gain another 6%. Their price target reflects the potential for almost 5% in upside. Goldman is not the only firm that sees the stock as a wise idea given the current backdrop.
Persons: Goldman Sachs, Kate McShane, McShane, LSEG, JPMorgan's Christopher Horvers, Horvers, Goldman, Jefferies Organizations: Federal, Walmart, Royal, Consumer, Colgate, Palmolive, Wednesday Locations: Royal Caribbean
Oppenheimer raised its price target on Microsoft to $500 on the potential of increasing AI adoption. Shares of AT & T are up 9% on the year, but analyst Michael Rollins' $20 price target implies that shares could rise another 9%. Analyst Andrew Obin upgraded the Post-it and Scotch parent to buy from neutral and raised his price target by $15 to $120. Analyst Christopher Nardone upgraded the shoe maker to buy from neutral and raised his price target by $16 to $87. Analyst Jay Sole upped his price target on the clothing maker by $14 to $174, now suggesting upside of 43.4%.
Persons: Oppenheimer, Exxon, Neal Dingmann, Dingmann, aren't, — Spencer Kimball, Michael Rollins, Rollins, Lisa Kailai Han, BofA, Andrew Obin, William Brown, Michael Roman, Brown, Obin, — Alex Harring, Christopher Nardone, Nardone, Skechers, Jeffrey Zekauskas, Zekauskas, Huntsman, Benjamin Soff, Soff, Fred Imbert, PVH, Jay Sole, Calvin Klein, Tommy Hilfiger, Sole, Alex Harring, Morgan Stanley, Dara Mohsenian, Mohsenian, Anthony Chukumba, Chukumba, Gavin Parsons, Parsons, Tami Zakaria, Zakaria, Herc, Morgan, Tim Hsiao, Bernstein's Eunice Lee, NIO, America's Ming Hsun Lee, Timothy Horan, Horan, Rob Sanderson, Sanderson Organizations: CNBC, Microsoft, Loop, Exxon, Natural Resources, Citi, AT, VZ, Bank of America, Huntsman, JPMorgan, Deutsche Bank, UBS, Colgate, Palmolive, Loop Capital, UBS shaves, Boeing, Rentals, United Rentals, Herc Holdings, Wall, 3Q, Bank, OpenAI Locations: Truist, Guyana, OPEC, Thursday's, America's
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