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☆ These consumer stocks have strong momentum on their side, Wolfe Research says
▼ + stars: | 2024-06-11 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The dominant e-commerce platform has a momentum score, measuring 12-month and one-month relative strength, of 53%, and its earnings estimates have risen 17% since the end of March. Footwear maker Deckers also made the cut, with a 73% momentum score and a 6% swing in upward earnings revisions. Sports betting stock DraftKings also appeared on the Wolfe screen, with a 73% momentum score and a 270% increase in earnings estimates since the end of March. The majority of analysts polled by LSEG have a buy rating with a price target suggesting shares can surge more than 38%. But he called those worries "overdone" while pointing to earnings upside as a catalyst for shares to continue rallying.

Persons: Chris Senyek, Russell, Joseph Civello, Wolfe, Morgan Stanley's Stephen Grambling Organizations: Wolfe Research, Wolfe, LSEG, Amazon, Truist Securities, Sports, Grambling Locations: California, Illinois

Analyst Stephen Grambling reiterated his overweight rating on shares, which he thinks should move higher based on potential earnings upside. Analyst Christopher Horvers upgraded the big-box retailer to overweight and hiked his price target by $15 to $81, which suggests 25.4% potential upside. Analyst Tom O'Malley's price target is now $145 per share, which implies 19.9% potential upside from Friday's close. Ramsey also attributed his new price target to the firm's latest data center modeling which estimates a software-based revenue breakout for Nvidia. He raised his price target to $150, which implies 40.8% upside from Friday's close.

Persons: Morgan Stanley, Stephen Grambling, Grambling, — Pia Singh, Christopher Horvers, Horvers, Tom, O'Malley, TD Cowen, Matthew Ramsey, Ramsey, Rajat Gupta, Gupta, CVNA, Joseph Moore, Moore, Fred Imbert Organizations: CNBC, Monday, JPMorgan, North America Gaming, Illinois Senate, Walmart, Nvidia, Barclays Barclays, Sovereign, Broadcom, AMD Locations: Illinois, North, IL

☆ The high-end consumer is embracing travel this summer. These stocks will benefit, says Morgan Stanley
▼ + stars: | 2024-05-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Therefore, companies with exposure to the wealthier consumer should benefit, said a team of Morgan Stanley analysts led by Michelle Weaver. "This has changed post-Covid and we believe travel names exposed to high end consumers will continue to outperform those exposed to low end consumers." "We see a record spring and summer travel season with our 11 highest sales days in our history all occurring this calendar year," he said. Morgan Stanley continues to prefer the premium airlines. Its management has also noted its premium revenue is nearly 20% from last year and currently makes up 61% of revenue, he said.

Persons: Morgan Stanley, AlphaWise, Michelle Weaver, Ed Bastian, Ravi Shanker, Morgan, Shanker, Stephen Grambling, Hilton, Grambling, Wyndham, Jamie Rollo, Rollo, — CNBC's Leslie Josephs Organizations: Delta Air, Alaska Air, Alaska Airlines, American Airlines, Marriott, CCL, Royal, Norwegian Cruise Locations: Grambling, Royal Caribbean, Norwegian

☆ Men’s March Madness: Everything you need to know about the national championship game between UConn and Purdue
▼ + stars: | 2024-04-08 | by ( Issy Ronald | Samuel Joseph | ) edition.cnn.com time to read: +5 min

CNN —History beckons for both UConn and Purdue in the national championship game on Monday. A chance at historyThe Midwest Region champion, Purdue Boilermakers, are banishing prior demons in their quest for their first national championship title. The Boilermakers last appeared in the NCAA Championship game in 1969 where they were runners-up. 11 NC State in the Final Four to earn a shot at the first national championship in program history. He’s playing very well, and he’s staying out of foul trouble.”Purdue will be hoping that Edey can replicate these performances if it is to unseat UConn as national champion.

Persons: Dan Hurley, “, ” Hurley, Cam Spencer, Bob Donnan, ”, Donovan Clingan, they’re, Mason Gillis, Gonzaga, Gillis, Jamie Squire, Zach Edey, Edey, Basketball Hall of Famer Shaquille O’Neal, he’s Organizations: CNN, UConn, Purdue, Huskies, Boilermakers, Farm, Alabama Crimson Tide, Reuters UConn, Illinois, Midwest Region, Purdue Boilermakers, NCAA, ” Purdue, Grambling, Utah State, State, North Carolina State, Big, NBA, Basketball Hall of Famer Locations: Florida, Glendale , Arizona, Grambling State, Tennessee, Canada

INDIANAPOLIS (AP) — Zach Edey had the first 30-point, 20-rebound game in the NCAA Tournament since 1995, delivering on his promise to end the discussion about first-round March Madness exits by leading top-seeded Purdue Boilermakers past 16th-seeded Grambling State 78-50 on Friday night. The last player with a 30-20 game in the tournament was Joe Smith of Maryland on March 18, 1995. Braden Smith added 11 points and 10 assists for the Boilermakers (30-4), who tied the school's single-season record for victories. 16 seed in the NCAA Tournament. Edey then proceeded to lead the Boilermakers on an 18-6 spurt to open the second half and never looked back.

Persons: — Zach Edey, Joe Smith of, Braden Smith, Fairleigh Dickinson, Edey, Tra’Michael Moton, Kintavious Dozier Organizations: INDIANAPOLIS, NCAA, Purdue Boilermakers, Grambling State, Tigers, Utah State, TCU, Joe Smith of Maryland, Boilermakers, Purdue, Southwestern Athletic, Montana State

☆ March Madness: Top seeds for men and women’s 2024 NCAA basketball tournament announced for Selection Sunday
▼ + stars: | 2024-03-17 | by ( Jacob Lev | Issy Ronald | ) edition.cnn.com time to read: +8 min

The other top seeds for the NCAA Division I men’s basketball tournament are the Purdue Boilermakers, North Carolina Tar Heels and Houston Cougars. 2 seeds are Iowa State Cyclones, Marquette Golden Eagles, Tennessee Volunteers and Arizona Wildcats. Thirty-two teams automatically qualified in both the men’s and women’s tournament by virtue of winning their respective conference tournaments. Now that Selection Sunday is all but over, there are only two days for fans to fill out their brackets before the men’s tournament begins on March 19 and the women’s tournament begins the day after. Angel ReeseAngel Reese is another of the tournament’s biggest stars, following her crucial role in propelling LSU to its first ever women’s college basketball title last year.

Persons: Caitlin Clark, Martin, Zach Edey, Kirk Irwin, Barack Obama, George H.W, Bush, Jimmy Fallon, Yale Brigham, James Madison, Howard, Wagner, Saint, Tennessee Martin, Rice, Marshall Syracuse, Caitlin Clark Caitlin Clark, “ Clark, onomics ”, Steph Curry’s, Angel Reese Angel Reese, Matthew Holst, Reed Sheppard, Kentucky’s Reed Sheppard Organizations: CNN, Connecticut, South Carolina, NCAA, Purdue Boilermakers, North, Heels, Houston Cougars, Iowa Hawkeyes, Southern California Trojans, Texas Longhorns, Iowa State Cyclones, Marquette Golden Eagles, Tennessee Volunteers, Arizona Wildcats, Wildcats, Long, Long Beach State, Big West, bluebloods, Duke, SEC, Gamecocks, women’s, Heart, Presbyterian, Iowa, Hawkeyes, Louisiana State, Ohio State, Stetson, Northwestern, San Diego State, Alabama, Auburn, Yale, Yale Brigham Young, Duquesne, Washington State, South Dakota State, South Dakota State South Houston, Texas, . Vermont Texas Tech, NC, Boise State, Kentucky Midwest Purdue, Montana State, Utah State, Texas Christian, Gonzaga, Samford South Carolina, . Oregon, Creighton, Mississippi State, . Michigan, Charleston Clemson, Baylor, Colgate, Dayton, Albany South, Oregon State, Marquette, Notre Dame, Kent State, Albany Iowa, Princeton, Drake ; Kansas State, Portland Louisville, . Middle, ., UCLA, California Baptist, Portland Southern, Michigan, Vanderbilt -, Virginia Tech, Jackson State, Richmond ; Ohio, Maine, Portland Texas, Drexel, Florida, South, Cal Irvine Tennessee, ; North Carolina State, Chattanooga ; Iowa, Maryland, Stanford, NBA, WNBA, LSU, Big, Purdue Locations: South, North Carolina, Long Beach, bluebloods Kentucky, Kansas, Tennessee, Louisiana, Connecticut, Stetson ; Florida, San, Birmingham, Duquesne ; Illinois, Morehead State, Drake, South Dakota State South, Longwood ; Nebraska, Wisconsin, NC State ; Kentucky, Oakland, Florida, Colorado, Marquette, Grambling State, McNeese ; Kansas, ., Akron ; Texas, Virginia, Colorado State ; Tennessee, Peter’s West North Carolina, Mississippi, Saint Mary’s ( California, Canyon, Alabama, New Mexico, . Nevada ; Arizona, Albany South Carolina, . Michigan State ; Indiana, Fairfield ; Oklahoma, Florida Gulf Coast . Nebraska, Eastern Washington ; Mississippi, West Virginia, Drake ;, . Middle Tennessee State, . Nevada, Las Vegas, California, California Baptist Region, Portland Southern California, Christi ; Kansas, Vanderbilt - Columbia, Arizona ; Connecticut, Richmond ;, Drexel ; Alabama, Florida State ; Utah, South Dakota, ; North, Chattanooga ;, Norfolk, South Carolina

Oppenheimer increased its price target on Netflix, calling for upside of nearly 20%. Bernstein, meanwhile, reiterated an outperform rating on Taiwan Semiconductor, noting that margins will fare better than the Street expects going forward. Analyst Stephen Grambling downgraded Hyatt to equal weight from overweight and lowered his price target by $7 to $149. — Pia Singh 5:44 a.m.: Bernstein sticking by Taiwan Semiconductor Taiwan Semiconductor shares are off to a strong start for the year, and Bernstein expects them to continue doing well. The firm raised its price target on them to $150 from $125, implying upside of just 2%.

Persons: Oppenheimer, Bernstein, Morgan Stanley downgrades Hyatt, Morgan Stanley, Hyatt's, Stephen Grambling, Grambling, Hyatt, FactSet, — Pia Singh, Oppenheimer Oppenheimer, Jason Helfstein, Helfstein, Wall, Mark Li, Li, TSMC, 4Q23, — Fred Imbert Organizations: CNBC, Netflix, Taiwan Semiconductor, Hyatt, Taiwan Semiconductor Taiwan Semiconductor, GM Locations: 2H24, U.S, Taiwan

Loop Capital initiated Dell Technologies with a buy rating and a price target that implies more than 35% upside. Analyst Stephen Grambling hiked his price target by $9 to $49, while keeping his rating at overweight. Salesforce has popped nearly 14% in 2024, extending gains after the stock price came close to doubling in 2023 alone. Roseka's price target of $27.10 shows the potential for just 3.6% in upside compared with Tuesday's ending price. Analyst Ananda Baruah initiated coverage of the technology stock with a buy rating and a $125 price target.

Persons: Stifel, Smucker, Raymond James, Rick Patel, Patel, — Alex Harring, Kenneth Worthington, Worthington, Alex Harring, Morgan Stanley, Stephen Grambling, DKNG's, Grambling, DraftKings, Jackpocket, Morgan, Wednesday's premarket, Goldman, Goldman Sachs, Kash Rangan, Rangan, Bernstein, Daniel Roeska, Stellantis, Roseka, KeyBanc, Sophie Karp, CEG, Karp, Matthew Smith, Smith, Fred Imbert, Dell, Ananda Baruah, DELL, Baruah Organizations: CNBC, Dell Technologies, FactSet, Apollo Global Management, JPMorgan, APO, Grambling, Constellation Energy, Constellation, Dell, Capital, DELL Locations: Tuesday's, Wednesday's premarket, Grambling, Wednesday's, Salesforce, Netherlands, U.S, Europe

☆ Taylor Swift will lead to more betting on the Super Bowl, with one sportsbook benefiting in particular, analyst says
▼ + stars: | 2024-02-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Penn Entertainment's ESPN Bet sports betting service could prove to be a winner at the Super Bowl on Sunday — helped by the Taylor Swift effect, according to Bank of America. Morgan Stanley analyst Stephen Grambling calculates Swift could lead to about a 10% rise in viewership. These include proposition, or "prop," bets that aren't tied to the final score, such as "How many times will Taylor Swift be shown on camera during the telecast of the game?" or "Will the MVP mention Taylor Swift in his speech?" ESPN Bet especially could benefit because, compared with other sports betting platforms, it "may have a higher proportion of female bettors," Kelley wrote.

Persons: —, Taylor Swift, Travis Kelce, Shaun Kelley, Morgan Stanley, Taylor, Stephen Grambling, Swift, Grambling, Kelley, Clark Hunt, CNBC's, aren't, — CNBC's Michael Bloom Organizations: Penn, ESPN Bet, Bank of America, Kansas City Chiefs, NFL, Chiefs, ESPN Locations: Las Vegas, U.S

LOS ANGELES (AP) — Underneath his umbrella, NFL legend Dan Marino stood nearly drenched on the sideline watching Prince’s epic “Purple Rain” Super Bowl halftime performance in 2007 during a torrential Miami downpour. “The halftime performance has come a long way,” said the Hall of Fame quarterback who played 17 seasons with the Miami Dolphins and competed in the 1985 Super Bowl. His show will be vastly different than the NFL’s first Super Bowl halftime show in 1967, which featured marching bands from the University of Arizona and Grambling State University, a historically Black college, along with hundreds of flying pigeons, thousands of balloons and two soaring men wearing jetpacks. After the inaugural Super Bowl, the NFL kept bringing back other marching bands, drill teams, signed Chubby Checker and Up with People, an organization that stage positive thinking through dance and song performances. Dudowsky recalled when Coldplay frontman Chris Martin said the “Super Bowl of music is the Super Bowl.” He said the halftime show has been able to grow thanks to the NFL's ability to adjust to the current culture and giving deserving artists the platform to express their artistry.

Persons: Dan Marino, Marino, Michael Jackson, Beyoncé, Aerosmith, ”, Marino's, Rihanna, Katy Perry's, Scarlett Johansson, doesn’t, she’s, Justin Timberlake, Janet Jackson ’, Gaga, ” Johansson, “, you’ve, Kris Jenner, Jenner, ” Usher —, Chubby Checker, Gloria Estefan, Billie Jean, Diana Ross, Jennifer Lopez, Shakira, Seth Dudowsky, Jay, —, don’t, Dudowsky, Chris Martin, Dr, Dre, Snoop Dogg, Dogg, Roger Goodell, ” Dogg, Usher, he's Organizations: ANGELES, of Fame, Miami Dolphins, Super, Kansas City Chiefs, Philadelphia Eagles, Associated Press, Bowl, University of Arizona, Grambling State University, NFL, New, Rose Bowl, Coldplay, Roc Nation Locations: Miami, Las Vegas, U.S, Southern California

With a heavy dose of Bay Area slang, E-40 created a lane for his unique hip-hop vernacular that has made him one of the genre’s most revered artists. In a recent interview, E-40 spoke with The Associated Press about being an underrated legend, his unorthodox rap style and the new cookbook called “Snoop Dogg Presents: Goon With The Spoon, ” which released earlier this week. AP: Where does your unorthodox rap style and wisdom come from? E-40: I’m the oldest of four. E-40: Snoop, that’s my guy.

Persons: —, he’s, Larry June, Gucci Mane, Droop, Snoop, aren’t, That’s, I’m, I’ve, Lewis, Earl, ”, He's, You’ve, Kamala Harris, DJ Kool Herc, Flash, “, ” I’ve Organizations: ANGELES, Oracle, “, NBA, Associated Press, White, Grambling State University Locations: San Francisco, “ Federal, London, Vallejo , California

Wednesday's batch of analyst research included bullish calls on a credit card giant and a sports betting name. The firm downgraded the pharmaceutical stock to neutral from overweight and lowered its price target to $55 per share from $68. The bank downgraded the Canadian Solar to underweight from neutral in a Wednesday note and lowered its price target to $22 per share from $32. The analyst noted that the guidance given confirms his bull case for the stock, which consists of a $70 price target. The bank initiated coverage of the credit card giant with an overweight rating and a $184 per share price target — which implies more than 17% upside from Tuesday's close.

Persons: Morgan Stanley, Guggenheim, John DiFucci, there's, Brian Evans, Cantor Fitzgerald downgrades, Myers Squibb Cantor Fitzgerald, We've, Olivia Brayer, Myers Squibb, — Brian Evans, Julien Dumoulin, Smith, Wells, Omar Mejias, Mark Strouse, DraftKings, Stephen Grambling, Grambling, Fred Imbert, millennials, Z, Gen, Terry Ma Organizations: CNBC, Barclays, American Express, Guggenheim, FactSet, Myers Squibb, Bank of America, Wells Fargo, Warner Music Group, accel, JPMorgan, American Locations: Bristol, Generac, Europe, CSIQ

2 Purdue moved up a spot with two easy opening wins and received seven first-place votes. 24 James Madison moved into the poll for the first time ever after taking down Michigan State in overtime. 10 in the preseason poll after last year's surprising run to the Final Four. 25 Colorado in moving into the AP Top 25 this week. ___Get alerts and updates on the AP Top 25 basketball polls throughout the season.

Persons: Marquette, James Madison, Tommy Lloyd's, “, ” Lloyd, DUKES Mark Byington, James, Dukes, We’re, ”, Bickerstaff, Dusty May, Duke, Saint Mary's, ___ Organizations: Associated Press, Purdue, Arizona, Duke, Connecticut, Michigan State, Cameron Indoor, Wildcats, Princeton, Devils, Michigan, Dukes, AP, Spartans, OWLS Florida, The Owls, Loyola Chicago, ” Owls, Baylor, Buffaloes, Towson, Grambling State, San Diego, Aztecs, BYU, Weber State Locations: Kansas, Morgan, East Lansing, Arizona, Southern California, Colorado, San Diego State

☆ Opinion | I Grew Up in Mike Johnson’s District, Where Kindness Can Mask Cruelty
▼ + stars: | 2023-11-01 | by ( Charles M. Blow | ) www.nytimes.com time to read: +1 min

I don’t know Mike Johnson, the brand-new speaker of the House of Representatives, but I feel as if I do because we’re from the same neck of the woods. He’s from Shreveport, in Caddo Parish, La., where I was born and where one of my brothers died. He graduated from Louisiana State University. to accept one at Grambling State University, a historically Black college about a half-hour east of Gibsland. He also wrote opinion essays for the newspaper where I cut my teeth as a working journalist, The Shreveport Times.

Persons: Mike Johnson Organizations: Louisiana State University, Grambling State University, Shreveport Times Locations: He’s, Shreveport, Caddo Parish, La, Johnson’s, Gibsland, Bienville

☆ Morgan Stanley names this casino stock a top pick, calls it the best way to play Macao's reopening
▼ + stars: | 2023-07-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Las Vegas Sands is a premier way to play Macao's reopening, according to Morgan Stanley. Analyst Stephen Grambling named the stock a top gaming pick. "We see it being the best way to play Macau and one of the final consumer recovery stories coming out of Covid," he said in a note to clients Friday. He described Las Vegas Sands as "the best way to play the mass market." LVS YTD mountain Las Vegas Sands, year to date — CNBC's Michael Bloom contributed to this report.

Persons: Morgan Stanley, Stephen Grambling, Grambling, Michael Bloom Organizations: Macau, Gross, Grambling Locations: Macao, Vegas, Singapore, New York, Grambling, Vegas Sands

☆ Morgan Stanley: The travel sector is hitting a little bit of turbulence in the post-COVID recovery
▼ + stars: | 2023-07-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley: The travel sector is hitting a little bit of turbulence in the post-COVID recoveryStephen Grambling, head of US gaming, lodging and leisure research Morgan Stanley, highlights names in the hotel and gambling space that could provide plenty more upside.

Persons: Morgan Stanley, Stephen Grambling

☆ As Mahomes, Hurts make Super Bowl history, a question lingers: What took so long?
▼ + stars: | 2023-02-10 | by ( Amy Tennery | ) www.reuters.com time to read: +4 min

Asked by a reporter this week what took so long, NFL Commissioner Roger Goodell was blunt: "There are probably a variety of reasons - probably none of them good." "The reality is, there's such great talent at that position, Black and white," Goodell said at his annual state-of-the-league media briefing. He told the New York Times that year that Black quarterbacks had not "been given the opportunity and the patience" their white counterparts had. "I never felt it was thing where people said it was harder to win with Black quarterbacks, it was more about durability. 'A PROUD MOMENT'At Super Bowl 57, Hurts will be only the eighth Black quarterback to start the title game.

☆ Top 25 roundup: No. 5 Houston deals No. 2 Virginia first loss
▼ + stars: | 2022-12-18 | by ( ) www.reuters.com time to read: +10 min

2 Virginia its first loss, 69-61, Saturday in Charlottesville, Va.Marcus Sasser and Tramon Mark added 13 points each, while Jamal Shead had 11 points and four assists. Furst finished with 12 points and 13 rebounds, and Smith posted 10 points and 12 rebounds. Sam Mennenga led Davidson (7-4) with 14 points and Foster Loyer, Fletcher's brother, had 11 points. Kevin McCullar contributed 11 points, 11 rebounds and five steals, while KJ Adams and Jalen Wilson added 11 points apiece. Trayce Jackson-Davis had 13 points and a career-high nine blocked shots for Indiana (8-3), which lost its second straight game.

☆ Morgan Stanley says the market is underestimating these 9 travel and leisure stocks for 2023 as the industry enters a 'Goldilocks' year with surging demand
▼ + stars: | 2022-12-15 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

But they will see more normalcy in 2023, Morgan Stanley says. But in 2023, things will get back to normal, Morgan Stanley analysts say, and investors are undervaluing stocks in the airline and hotel subsectors. The bank said the industries will be boosted by continued demand growth in business travel, and bigger travel budgets than existed in 2019. Below is data from a Morgan Stanley survey on corporate travel showing budget expectations for next year compared to 2019. Morgan StanleyThe analysts also expect Boeing, which manufactures airplanes, to benefit from increased flying demand.

☆ Zelenskyy's TIME Person of the Year Award is proof that resilience is the most important trait any leader can have
▼ + stars: | 2022-12-07 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +12 min

He embodies valor and resilience, traits business leaders should exhibit in tough times. The Ukrainian leader's speaking style is characterized by short sentences, vivid imagery, and empathy, all of which make him effective. A 2021 research paper published in the Academy of Management Journal found business leaders who led by example boosted productivity in their businesses. Some of the most convincing business leaders of our time have leaned into emotion when making key arguments. "President Zelenskyy remains focused on his core assignment.

At homecomings this year, universities are increasing fees such as those charged vendors to fight off inflation and recoup some losses from the pandemic. Colleges and universities are not alone in feeling the economic impacts of post-pandemic homecomings. North Carolina Central University increased its rates by $50 this year compared to 2021, to $500 for food vendors and $400 for general merchandise sellers, because of rising inflation, according to documents. He sold out of more than 300 shirts on his first day of Hampton University's homecoming bazaar, pulling in more than $7,500 in sales. Now, he is gearing up for Grambling University's homecoming in Louisiana.

☆ Volodymyr Zelenskyy embodies resilience. It's one of multiple traits business leaders can mimic in tough times.
▼ + stars: | 2022-09-14 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +10 min

The Ukrainian leader's speaking style is characterized by short sentences, vivid imagery, and empathy, all of which make him effective. A 2021 research paper published in the Academy of Management Journal found business leaders who led by example boosted productivity in their businesses. Some of the most convincing business leaders of our time have leaned into emotion when making key arguments. Ukrinform/Future Publishing via Getty ImagesThough the pandemic has bent the rules of formality, starched suits are still the go-to for world leaders. "President Zelenskyy remains focused on his core assignment.

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