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☆ Here are Tuesday's biggest analyst calls: Apple, Rivian, Nvidia, Boeing, Affirm, Datadog, Amazon & more
▼ + stars: | 2023-11-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: UBS downgrades ChargePoint to neutral from buy UBS said it's cautious on the EV charging company's growth outlook. " Citi reiterates Nvidia as buy Citi said it's sticking with its buy rating on shares of Nvidia. " Wells Fargo downgrades Booz Allen Hamilton to equal weight from overweight Wells said investors should wait for a better entry point for the defense contractor. Raymond James upgrades Crocs to strong buy from outperform Raymond James said it sees an attractive entry point for the show company. Wells Fargo reiterates Amazon as overweight Wells said international trends for Amazon remain healthy.

Persons: UBS downgrades ChargePoint, it's, Wells, Booz Allen Hamilton, Bernstein, Raymond James, Crocs, CROX's, Estee Lauder, Jefferies, underperform Jefferies, Evercore, Rivian, Piper Sandler downgrades Shopify, Piper, Piper Sandler, Canaccord, TD Cowen, Datadog, TD, Truist, it's bullish, Ingersoll Rand Organizations: UBS downgrades, UBS, JPMorgan, Apple, Citi, Nvidia, HSBC, RBC, Boeing, Lexeo Therapeutics, Bank of America, Virtu, Logistics, Industry Locations: U.S, DDOG, India, Ingersoll

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, BJ's, Etsy, Carnival, Blackrock, FedEx & more
▼ + stars: | 2023-09-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Thursday: Bank of America downgrades J.M. "Our prior Buy rating was based on the view that SJM would focus on a more optimized portfolio of core brands, following several years of divestitures of low growth/margin assets. Bank of America reiterates Alphabet as buy Bank of America said it's standing by its buy rating on the stock due to "AI innovation & potentially lower expenses." Bank of America reiterates Blackrock as buy Bank of America said the company is the "leading platform for investing & tech solutions." Goldman Sachs reiterates FedEx as buy Goldman said it's standing by its buy rating heading into earnings next week.

Persons: Morgan Stanley, Wells, JPM, PENN, VIRT, William Blair, Jefferies, MET's, Semtech, Wolfe, TD Cowen, Redburn, BLK, Goldman Sachs, Goldman Organizations: Bank of America, Amazon, Nvidia, NVIDIA, JPMorgan, Apple, Wave7 Research, Deutsche Bank, Penn Deutsche, Penn, Citi, Google, BMO, Jefferies, MetLife, Susquehanna, Blackrock, FedEx

☆ Exchange operator Cboe gets nod to launch leveraged crypto derivative products
▼ + stars: | 2023-06-05 | by ( John Mccrank | ) www.reuters.com time to read: +2 min

The U.S. Commodity Futures Trading Commission approved Cboe Digital to be the first U.S.-regulated crypto exchange and clearinghouse platform to offer leveraged derivatives when the contracts launch in the second half. The margined contracts will let users trade crypto futures while putting less collateralized capital up front, with trades executed and cleared through an approved set of member futures commission merchants, Chicago-based Cboe said. Cboe Digital currently allows trading and clearing of bitcoin and ether futures on a fully collateralized basis, meaning users must provide the full amount of futures contracts upfront. Cboe Digital also supports the spot trading of bitcoin, bitcoin cash, ether, litecoin and USDC. On Oct. 20, 2021, Chicago-based Cboe announced its intention to buy crypto exchange and clearinghouse ErisX.

Persons: Cboe, John Palmer, Jane Street, FTX, John McCrank, Hannah Lang, David Gregorio Our Organizations: YORK, U.S . Commodity Futures Trading Commission, Cboe, Robinhood Markets, Interactive, Virtu, IG Group, CFTC, Thomson Locations: U.S, Chicago, Washington

☆ NYSE plans to compensate brokerage claims after glitch
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

Feb 6 (Reuters) - The New York Stock Exchange (NYSE) on Monday said it plans to reimburse investors who incurred losses due to a trading glitch last month that caused widespread confusion and resulted in thousands of trades being nullified. NYSE members had submitted compensation claims for losses, and the exchange could potentially face additional claims from regulators, New York Stock Exchange-owner Intercontinental Exchange Inc said earlier this month. "In accordance with our rules, we expect to reimburse members 100% for all impacted orders that were received by the exchange," an NYSE spokesperson said in an emailed statement. The bourse will only reimburse roughly 60% of the claims filed, one of three sources told Bloomberg News. Retail brokerages submitted thousands of claims to NYSE, seeking compensation for the losses incurred due to a trading glitch on Jan. 24, including brokerages like Charles Schwab (SCHW.N) and Virtu Financial (VIRT.O), Bloomberg reported last week.

☆ Market overhaul pits perfect against good-enough
▼ + stars: | 2022-12-14 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

At present, more than 90% of individual investors’ trades are sold to a small group of market-makers, according to the agency. The profit that middlemen make from handling retail stock trades suggests Gensler has a point. The trouble is that retail investors have, in some ways, never had it so good. The changes reflect the largest overhaul of market rules since the agency introduced the Regulation National Market System framework in 2005. The proposals range from new disclosures on execution quality to an auction system for individual investors’ stock trades.

☆ Explainer: Who would the U.S. SEC's proposed stock market overhaul impact?
▼ + stars: | 2022-12-14 | by ( John Mccrank | ) www.reuters.com time to read: +4 min

Of the four market structure-related proposals, the "order competition rule" represents the biggest potential change. The rule would require stock orders from individual investors that have no price limits to be sent to auctions where market participants could compete to fulfill them. The regulator will also consider whether to strengthen an existing rule requiring brokers to provide information on the quality of their customer trade executions. The new best execution standard for brokers could also impact payments to retail brokers from wholesalers and exchanges for order flow. The last major shakeup of the markets was Regulation National Market System, adopted in June 2005 but which did not come into law until 2007.

The FOIA request sought, among other things, communications between SEC Chair Gary Gensler and various stakeholders involved in retail stock trading. Cifu has said Virtu may sue the SEC over potential rule changes Gensler outlined in June. Agencies legally have 20 days to respond to FOIA requests, but are not required to provide all responsive documents within that time frame. FOIA requests do not always yield substantive responses and can have lengthy waiting periods. Virtu is represented by law firm Paul, Weiss, Rifkind, Wharton & Garrison, where Cifu previously worked as a lawyer.

☆ Brokerages jump on report SEC stops short of banning PFOF deals
▼ + stars: | 2022-09-22 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterRetail brokers route most customer orders via wholesale brokers than exchanges, as wholesalers generally offer a slightly better price. Most retail brokers also accept rebates, or payments, from wholesalers in lieu of orders. read moreShares of Robinhood Markets Inc , which makes around 75% of its revenue from PFOF, climbed 5%, while Virtu Financial (VIRT.O) added 9% in early trading. Britain, Canada, and Australia have already banned PFOF, while SEC Chairman Gary Gensler had suggested in August that the regulator could go that route. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mehnaz Yasmin and Medha Singh in Bengaluru; editing by Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.

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