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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

☆ Meta is not showing investors enough to justify VR spending sprees, says Rob Sanderon
▼ + stars: | 2024-04-25 | 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 EmailMeta is not showing investors enough to justify VR spending sprees, says Rob SanderonRob Sanderson, managing director at Loop Capital, joins CNBC's 'The Exchange' to breakdown Meta earnings.

Persons: Rob Sanderon Rob Sanderson Organizations: Loop

He also hiked his price target to $92 from $59, suggesting shares rallying 48.3% from where they closed on Tuesday. Analyst Jessica Reif Ehrlich raised her price target to $370 from $315, suggesting 22% upside from Tuesday's close. — Hakyung Kim 6:04 a.m.: Citi raises price target on Amazon Amazon is becoming a more profitable organization, according to Citi. The price target increase comes on the heels of Amazon's new grocery delivery subscription launch. He cited increased operating income projections amid strong top-line trends for his price target increase.

Persons: Tesla, Rob Sanderson, Sanderson, Forrest Li, Hakyung Kim, Jessica Reif Ehrlich, — Hakyung Kim, Ronald Josey, Josey, GenAI, Kim, Goldman Sachs, Mark Delaney, Delaney, Goldman, Joseph Spak, Spak, TSLA, Wells Fargo's Colin Langan, Langan, James Lee, Lee, Fred Imbert Organizations: CNBC, Mizuho, Bank of America, Spotify Bank of America, Spotify, Citi, Amazon Web Services, Revenue, UBS, Summer

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

☆ Google says Microsoft offered to sell Bing to Apple in 2018, but search-quality issues got in the way
▼ + stars: | 2024-02-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft offered to sell its Bing search engine to Apple in 2018, Google said in a court filing earlier this month. In the fourth quarter, Microsoft generated $3.2 billion from search and news advertising, while Google search and other revenue totaled $48 billion. Google said in its filing that when Microsoft reached out to Apple in 2018, emphasizing gains in Bing's quality, Microsoft offered to either sell Bing to Apple or establish a Bing-related joint venture with the company. Google said Apple CEO Tim Cook sent an email to Apple executives about the assessment of Bing, but his remarks are redacted in the filing. Cue testified that "if Apple did not receive the massive payments it sought from Google, Apple would have developed its own search engine," the Justice Department asserted in its filing.

Persons: Tim Cook, Eddy, Apple's, Bing, Apple, Satya Nadella, Rob Sanderson Organizations: Apple, Allen, Co . Media, Technology Conference, Microsoft, Google, U.S . Justice Department, Bing, Safari, Justice Department, Windows, MSN, Department, Bloomberg Locations: Sun Valley , Idaho

☆ Snap shares tumble after the company's revenue miss and weak guidance
▼ + stars: | 2024-02-07 | 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 EmailSnap shares tumble after the company's revenue miss and weak guidanceRob Sanderson, Loop Capital Markets senior internet analyst, joins 'Squawk on the Street' to discuss Snap and Uber's quarterly earnings results, the difference between Snap and Meta's ad revenue, and more.

Persons: Rob Sanderson Organizations: Capital

☆ Loop Capital's Rob Sanderson makes the contrarian case for Snap ahead of earnings
▼ + stars: | 2023-10-24 | 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 EmailLoop Capital's Rob Sanderson makes the contrarian case for Snap ahead of earningsRob Sanderson, managing director at Loop Capital Markets, joins 'Power Lunch' to discuss the decline of Snap's ad revenue, skepticism about how Snap will perform going forward, and expectations for earnings from internet advertisers.

Persons: Rob Sanderson Organizations: Loop

☆ Watch CNBC's full interview with Loop Capital's Rob Sanderson on the contrarian case for Snap
▼ + stars: | 2023-10-24 | 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 EmailWatch CNBC's full interview with Loop Capital's Rob Sanderson on the contrarian case for SnapRob Sanderson, managing director at Loop Capital Markets, joins 'Power Lunch' to discuss the decline of Snap's ad revenue, skepticism about how Snap will perform going forward, and expectations for earnings from internet advertisers.

Persons: Rob Sanderson Organizations: Loop

☆ China's big internet names have mostly beat. Here's where analysts think the stocks are headed
▼ + stars: | 2023-08-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

All three stocks have double-digit gains ahead of them, if the average FactSet analyst price target holds true. Still, the average price target rose by 2.4% to $118.90 a share, according to FactSet. KraneShares CSI China Internet ETF (KWEB) gained nearly 19% last month. "We expect the stock will remain volatile in the near term along with China internet peers on macro uncertainty," the report said. Loop has a $210 price target on Baidu, more than 50% above where shares closed on Friday.

Persons: Tencent, –, Louis, Vincent, Jiong Shao, Nomura, Jialong Shi, Morgan Stanley, Alex Poon, NetEase, Rob Sanderson, — CNBC's Michael Bloom Organizations: Baidu, UBS, Hong, Barclays, China Internet, CSI China Internet Locations: U.S, Europe, China, Hong Kong, Barclays China, Tencent

☆ The once-mighty Iowa Democratic Party is struggling as the GOP dominates the onetime swing state: 'I can't even describe to you how bad it is'
▼ + stars: | 2023-08-12 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

As the 2024 presidential election approaches, Iowa Democrats find themselves at a crossroads. Iowa Democrats have watched Republicans dominate in a slate of competitive contests in recent years. Former Iowa state Sen. Rita Hart, who lost a close congressional race in 2020, now leads the state's Democratic Party. Celsi pointed to the Democratic minority's inability to curtail the conservative agenda of the GOP legislature and the diminished importance of Iowa in the Democratic presidential nominating process. Hart is now the chair of the Iowa Democratic Party.

Persons: Barack Obama, Obama, Tom Harkin, Harkin, Republican Sen, Joni Ernst, Donald Trump, Hillary Clinton, Trump, Joe Biden, Kim Reynolds, coattails, Rob Sand, he'd, Davenport, —, Sen, Rita Hart, Matt Rourke, State Sen, Claire Celsi, Dave Loebsack, Republican Mariannette Miller, Meeks, Hart, we've Organizations: Local, Service, Democratic, Iowa, Republican, Republican Gov, Trump, Iowa Democrats, Republican Party, GOP, Democratic Party, AP, The New York Times, Republicans, Times, Iowa Democratic Party Locations: Iowa, Wall, Silicon, Illinois, Arkansas, South Dakota , Tennessee, West Virginia, Des Moines, Cedar Rapids, South Carolina, Former Iowa, State, West Des Moines

☆ Constellation Brands is in the midst of a transformation. How activist Elliott may build value
▼ + stars: | 2023-07-22 | by ( Kenneth Squire | ) www.cnbc.com time to read: +5 min

Activist Commentary: Elliott is a very successful and astute activist investor, particularly in the technology sector. Constellation Brands produces and markets beer, wine and spirits, but it's essentially a beer company with 85% of its revenue coming from beer sales. Moreover, it is not just a niche beer business anymore. First, the company has traded at a discount because of the dual-class share structure that allowed the Sands family to control Constellation. This leaves a core beer business that can now be operated without unnecessary distractions.

Persons: Elliott, William T, Giles, –, Luca Zaramella, Sands, Bill Newlands, Rob Sands, missteps, Ken Squire Organizations: Constellation, Mondelez, Constellation Brands, Modelo Especial, Anheuser, Busch, Modelo, Coors, Budweiser, Eastern Seaboard, 13D Locations: COOs, U.S, Mexicali, Mexico

☆ Iowa Republicans jam through near-complete 6-week abortion ban in last-minute special session
▼ + stars: | 2023-07-12 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Iowa Republicans strong-armed a near-complete ban on abortions after 6 weeks to passage. Kim Reynolds, who called for the special session, has pledged to quickly sign the ban into law. "This bill protects unborn children in Iowa," Republican state- Rep. Shannon Lundgren said, The Des Moines Register reported. Opponents are expected to once again take the fight to state court. The US Supreme Court's landmark ruling overturning Roe v. Wade opened the door to proposals such as Iowa's near-complete 6-week ban.

Persons: Kim Reynolds, Shannon Lundgren, Reynolds, Roe, Wade, Jennifer Konfrst, Rob Sand, Barack Obama Organizations: Iowa Republicans, GOP, Service, Republicans, Gov, Republican, Des Moines Register, Des Moines, Iowa Supreme Court, Capitol, Iowa Democrats, NPR, state's Republican Party Locations: Wall, Silicon, Iowa, Des

☆ Meta's next growth leg is revenue but it's not reflected in stock price, says Loop's Rob Sanderson
▼ + stars: | 2023-05-15 | 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 EmailMeta's next growth leg is revenue but it's not reflected in stock price, says Loop's Rob SandersonRob Sanderson, Loop Capital managing director, joins 'Squawk on the Street' to discuss Sanderson's thoughts on the mega-cap tech companies, if Loop's Meta upgrade is too late, and the social media companies that could make a stand in the A.I.

While Alphabet has had a strong 2023, Loop Capital thinks the proliferation of artificial intelligence could hinder the stock going forward. Loop downgraded Alphabet to hold from buy. We disagree however with management's characterization that AI proliferation is similar [to] the transition to mobile. Loop found that following Meta, Alphabet has the highest total GAAP expenses per employee among the big four tech names including Microsoft and Apple. "We think long-term structural uncertainties surrounding the AI transition will keep investors nervous as the landscape evolves and put a ceiling on valuation," said the analyst.

Loop Capital sees "a much brighter revenue picture" ahead for Meta . The firm upgraded Meta shares to buy from hold in a Monday note. It said that, while expense rationalization was likely more of a "one-time driver," it is bullish on the overall revenue outlook for the tech company. Sanderson set his price target to $320, which implies shares rallying 36.7% from Friday's close. He noted that Meta's Reels is now growing faster in the short-form video category than rival TikTok.

☆ Loop Capital downgrades this Chinese e-commerce stock, citing rising competition
▼ + stars: | 2023-03-31 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Investors should step to the sidelines on JD.com which is facing growing competition from Tencent, according to Loop Capital. Analyst Rob Sanderson downgraded JD.com shares to hold from buy, citing rising competition that he expects will weigh on the stock. However, he expects that "Tencent's ecommerce ambitions will likely be an overhang, at best" as the multimedia conglomerate charges commissions for merchandise sales on its livestreaming platform. This is however a change from Tencent's traditional position as a traffic funnel into other ecommerce platforms, typically investees like JD," Sanderson wrote. "While we see potential for long-term upside, the demand for Chinese equities remains low and we think other vehicles will appear more attractive to global investors over the near-term," Sanderson wrote.

☆ Analysts bail on Lyft after latest earnings, say Uber is cementing its place as leader
▼ + stars: | 2023-02-10 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Lyft shares fell more than 30% during Friday premarket trading as traders weighed a weaker-than-expected forecast from the ridesharing company in its most recent earnings report. LYFT 1D mountain Lyft shares tumble For market observers on Wall Street, that was hardly a good enough explanation. As of Thursday's close, Lyft shares jumped more than 47%, following a 74% drop in 2022. While the analyst did not have a price target available, his previous target in January was $24 for the stock. Lastly, Loop Capital's Rob Sanderson downgraded Lyft to hold from buy, and dropped the price target to $10 from $17.

☆ Amazon, Charles Schwab and Domino's: These are some of analysts' top picks for 2023
▼ + stars: | 2023-01-08 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

Despite the uncertainty surrounding the market to start the new year, Wall Street analysts see several stocks they like going forward. CNBC Pro combed the top 2023 picks from nine research firms to find the most common stocks between them. AMZN 1Y mountain Amazon in past year Another top pick shared among several analysts is brokerage Charles Schwab . "We like Schwab going into 2023 because of the downside protection and multiple avenues of upside it offers," wrote JPMorgan's Kenneth Worthington. Domino's Pizza , meanwhile, was named a top pick at Bank of America and BTIG after a tough year.

☆ 'It's not safe and it's not right.' Qatar says all are welcome to the World Cup but some LGBTQ fans are staying away
▼ + stars: | 2022-11-19 | by ( Aimee Lewis | ) edition.cnn.com time to read: +10 min

Visitors gather at the FIFA World Cup countdown clock in Doha on October 30, 2022. But Minden told CNN: “It’s not safe and it’s not right.”‘Everyone is welcome to Qatar’A Qatar government official told CNN in a statement that the World Cup host was an inclusive country. It doesn’t sit right with me.”Qatar isn’t the first controversial host of a big sporting event, or even a FIFA World Cup. Wales is one of eight participating European countries at the World Cup supporting the initiative. The World Cup, like the Olympics, puts the host country under a global spotlight.

☆ Amazon set to report third-quarter earnings after the bell
▼ + stars: | 2022-10-27 | by ( Annie Palmer | ) www.cnbc.com time to read: +3 min

Andy Jassy, CEO of Amazon and then CEO of web services at Amazon.com Inc., speaks during the Amazon Web Services (AWS) Summit in San Francisco, California, U.S., on Wednesday, April 19, 2017. Amazon reports third-quarter earnings after the bell on Thursday. Those challenges have coincided with a slowdown in Amazon's core retail business, as consumers returned to shopping in stores. The forecast could signal how much demand Amazon expects to see during the holiday shopping period. Amazon shares have slid 31% so far this year, while the S&P 500 index has dropped nearly 20% over the same period.

☆ Earnings playbook: How to trade the busiest week of the season thus far, including Apple and Amazon
▼ + stars: | 2022-10-23 | by ( Fred Imbert | ) www.cnbc.com time to read: +17 min

It's the busiest week of the earnings season thus far, with nearly 150 S & P 500 components set to report. What history shows: Coca-Cola has outperformed analyst earnings expectations in the last 11 quarters, FactSet data shows. Alphabet is set to report earnings after the close, with management expected to hold a conference call at 5 p.m. What history shows: FactSet data shows Microsoft's earnings per share have come in above expectations in 24 of the last 25 quarters. What history shows: McDonald's earnings per share have outperformed expectations in six of the last 10 quarters, FactSet data shows.

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