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☆ Earnings playbook: Your guide to a key week of reports, including Walmart
▼ + stars: | 2024-05-12 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

Just seven S & P 500 names are slated to post their quarterly figures, including Home Depot and Walmart. Management is scheduled to hold a call at 4:30 p.m. Last quarter: Cisco posted fiscal second-quarter results that beat expectations. What history shows: Cisco shares have risen after the last six earnings releases, Bespoke data shows. Thursday Walmart is set to report earnings in the premarket, followed by a call at 8 a.m. Last quarter: Walmart earnings topped analysts' estimates, thanks to soaring e-commerce sales . What history shows: Walmart has beaten bottom-line forecasts 71% of the time, per Bespoke.

Persons: Wells, Zachary Fadem, LSEG, Samik Chatterjee, Robert Ohmes Organizations: Home Depot, Walmart, CNBC, Investment, Cisco Systems, Management, Cisco, JPMorgan, Campus Networking, Bank of America

☆ Wednesday analyst calls: JPMorgan downgrades New York Community Bancorp, Eli Lilly gets big boost
▼ + stars: | 2024-02-07 | by ( Pia Singh | ) www.cnbc.com time to read: +8 min

Troubled regional bank New York Community Bank faced a downgrade from JPMorgan, which said NYCB is facing a multitude of challenges. The firm upped its price target for the drug maker to $850, all the way from $200. Wells Fargo : Analyst Zachary Fadem kept his overweight rating and raised his target price by $200 to $2,800, implying 12.5% upside for shares. "After speaking to management, we confirmed these two executives had indeed left the company, wrote JPMorgan analyst Steven Alexopoulos. NXP's stock price is down 2.9% for the year, but still higher than 15% over the past 12 months.

Persons: Eli Lilly, Eric Gonzalez, Gonzalez, Wells, Zachary Fadem, Sara Senatore, Chipotle, — Pia Singh, JPMorgan downgrades, Steven Alexopoulos, Alexopoulos, John Melloy, Vivek Arya, Arya, Robyn Karnauskas, Karnauskas, Zepbound Organizations: CNBC, New York Community Bank, JPMorgan, Pharma, Truist Securities, Semiconductors, Bank of America, KeyBanc, Barclays, New York Community Bank JPMorgan, New, Community Bank, Financial Times, Bloomberg News, New York Community Bancorp, Battery Management Systems, Food and Drug Administration Locations: Wells Fargo, Tuesday's

☆ Wells Fargo upgrades McDonald's, says fast food giant is 'firing on all cylinders'
▼ + stars: | 2023-09-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

There are reasons to be bullish on McDonald's in the second half of this year, Wells Fargo said. Fadem said the company's "innovation engine is firing on all cylinders," while international markets are performing better than expected. McDonald's shares have sold off more than the broader market since its second-quarter earnings report in late July. And accelerated unit growth is just one way McDonald's can growth its earnings per share in the 2024 fiscal year, Fadem said. The stock has underperformed the broader market this year, up about 4.5% year to date.

Persons: Wells Fargo, Zachary Fadem, Fadem, — CNBC's Michael Bloom Organizations: comparables Locations: McDonald's

☆ Earnings playbook: Alphabet and General Motors lead off a busy week of reports
▼ + stars: | 2023-07-23 | by ( Fred Imbert | ) www.cnbc.com time to read: +12 min

Tuesday General Motors is set to report earnings before the bell, followed by a call at 8:30 a.m. What history shows: GM earnings beat earnings expectations 86% of the time, according to Bespoke. Alphabet is set to report earnings after the bell, with management slated to hold a call at 5 p.m. This quarter: Earnings for the tech giant are expected to have grown by 10% from the year-earlier period, per Refinitiv. What history shows: Bespoke data shows Alphabet earnings beat expectations 68% of the time, and the stock rises more than 1% on earnings day.

Persons: Michael Wayland, GM's EVs, GOOGL, Jennifer Elias, Goldman Sachs, Kash Rangan, Rangan, Peter Grom, Leslie Josephs, Max, Wells, Zachary Fadem, Jonathan Vanian, Meta, Refinitiv, Jefferies, Andy Barish, LUV, — CNBC's Michael Bloom Organizations: General Motors, Microsoft, Refinitiv, CNBC, company's, Silverado, United Auto Workers union, Investors, Management, PepsiCo, UBS, Boeing, Corporate, Twitter, Meta, Southwest Airlines, U.S, Southwest Locations: U.S, FactSet

☆ Wall Street believes this one stock was the biggest earnings winner ... and it's not tech
▼ + stars: | 2023-04-26 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

It's still early in the earnings season, but Wall Street thinks burrito chain Chipotle is the biggest winner. The firm raised its price target to $1,800 from $1,550, which was about 1% upside compared to Tuesday's closing price. He added that his firm "can't find any flaws in the results" and raised its price target to $2,175 per share from $1,825. Senatore increased her price target on the stock to $2,200 per share from $1,850. Wells Fargo also hiked its price target on the burrito chain to $2,050 from $1,900.

☆ Goldman says dividend growth stocks will outperform under current conditions. 10 names it recommends
▼ + stars: | 2023-04-17 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Goldman Sachs says one income-focused strategy is off to a strong start this year, and will continue to outperform – dividend growth stocks. Going forward, dividend growth stocks will continue to beat buyback stocks, according to Goldman's chief U.S. equity strategist David Kostin. Fastenal shares are up 12% this year, and the industrial supplies company has a 2.6% dividend yield, FactSet data showed. Home Depot shares are down this year, but was a new addition to Goldman Sachs' dividend growth list. Lowe's is another dividend growth stock, with a 2.1% dividend yield, and Goldman seeing 30% annual compound dividend growth over 2022-2024.

☆ Buy this retailer because of the warmer Northeast weather and its lawn & garden exposure, Wells Fargo says
▼ + stars: | 2023-04-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

Now that spring has sprung, millions of Americans are heading outdoors and tending to their lawns — and Lowe's is poised to benefit, Wells Fargo wrote in a note Friday. While temperatures in the Northeast were essentially in-line with their historic averages in February and March, April is off to a better year-over-year start, analyst Zachary Fadem said. Fadem said the inflecting weather and weak sentiment could make Lowe's "a 'sneaky' long." LOW YTD mountain Lowe's year-to-date performance Lowe's also has roughly 20% of its first-quarter sales tied to lawn and garden, compared to the high teens for Home Depot , he pointed out. April traffic to date is already off to a solid start for the home-improvement retailer, improving 3.7 percentage points from the last week in March, Fadem said.

☆ Wells Fargo says buy Chipotle, calls restaurant stock a post-pandemic winner
▼ + stars: | 2023-01-24 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Chipotle is a post-pandemic winner with long-term growth that investors may not fully value, according to Wells Fargo. Analyst Zachary Fadem initiated coverage of the fast casual restaurant stock as overweight. He also said it has a group of long-term growth levers ranging from the "Chipotlane" drive-thru to its loyalty program. He added that the company should see strong comparable sales and improving EBIT margins driving growth going forward. Fadem also noted Chipotle benefits from pricing power in the restaurant industry and that it's considered a clear "post-pandemic winner," outpacing the broader space.

Bed Bath & Beyond did not take questions from analysts on its Tuesday conference call "in light of the ongoing review of strategic alternatives," said Susie Kim, head of investor relations. "It's definitely a cause for concern," said bankruptcy lawyer Daniel Gielchinsky, who does not represent Bed Bath & Beyond. Bed Bath & Beyond said it started cost reductions of about $80 million to $100 million across the business. Morningstar analyst Jaime Katz expects a Bed Bath & Beyond bankruptcy filing in the first half of 2023. The retailer reported a non-GAAP loss of $3.65 per share, wider than Wall Street's estimate of a loss of $2.23 per share.

☆ Home Depot, Lowe's to see higher sales as owners remodel amid rising rates
▼ + stars: | 2022-11-14 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Wall Street analysts see the largest U.S. home improvement chains benefiting as rising interest rates encourage home owners to renovate existing properties rather than move on, while professional contractors have a backlog of work to clear. THE CONTEXTHome improvement chains saw sales and profits surge during the pandemic as Americans hunkered down at home revamped their living spaces. While demand is expected to cool, higher mortgage rates and home prices are providing a new reason for households to remodel their existing properties. "Home Depot and Lowe's no longer have the more captive consumer base they had throughout 2020. Yet consumers very much continue to spend on the home," said MKM Partners analyst David Bellinger.

☆ Top Wall Street analysts bet on these stocks to beat market volatility
▼ + stars: | 2022-11-13 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

In this article AAPLORLYCARSVECOSBUX Follow your favorite stocks CREATE FREE ACCOUNTApple CEO Tim Cook visits the Apple Fifth Avenue store for the release of the Apple iPhone 14, New York City, September 16, 2022. Chatterjee reiterated his buy rating as well as his $200 price target on Apple. (See Cars Hedge Fund Trading Activity on TipRanks) The analyst highlighted the momentum in the adoption of Cars.com's Digital Solutions. Ranked 68th in an over 8,000-strong database of analysts on TipRanks, Prestopino has delivered profitable ratings 57% of the time. The analyst reiterated a buy rating on the stock with a price target of $25.

☆ Home improvement companies could see increased sales following Hurricane Ian, Wells Fargo says
▼ + stars: | 2022-09-28 | by ( Pippa Stevens | ) www.cnbc.com time to read: +3 min

Wells Fargo said Wednesday that retail names exposed to the housing theme could see a "possible uptick in 2H Home Improvement demand." Fadem added that even beyond the possible uptick in sales from the storm, defensive positioning is warranted across hardline retailers. Wells Fargo said that the storm could contribute between 30 and 80 basis points of incremental quarterly comparisons across its home improvement coverage in Florida alone. Wells Fargo noted that the benefits to Floor & Decor Holdings, for example, depends on the extent of water damages. Wells Fargo said that while comparisons can be attractive quarter over quarter or year over year, it doesn't necessarily mean higher margins.

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