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☆ Australia's central bank keeps rates unchanged at 4.35%
▼ + stars: | 2024-11-05 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Australia's central bank held its benchmark interest rate at 4.35% for the eighth meeting in a row, in line with expectations from economists polled by Reuters. The central bank expects that the headline rate will increase as these measures expire. The RBA instead pointed at the underlying inflation rate in Australia. The "trimmed mean" came in at 3.5% in the the September quarter, which was still "some way" from the 2.5% midpoint of the inflation target. Externally, the bank added that "heightened geopolitical risks and potential changes to trade and fiscal policies abroad add to this uncertainty."

Organizations: Reuters, Reserve Bank of Australia Locations: Australia

☆ Here's what we think is driving the stock market's impressive Election Day rally
▼ + stars: | 2024-11-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

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. 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. 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.

Persons: Jim Cramer, Bond, it's, we'll, Jim Cramer's, Jim Organizations: CNBC, Federal Reserve, Federal Open Markets, Treasury, DuPont, Rogers Corporation, Devon Energy, Novo Nordisk, CVS Health, Howmet Aerospace, Holdings, Jim Cramer's Charitable Locations: Celanese

☆ Non-credible bomb threats against Atlanta-area polling places were from Russia, secretary of state says
▼ + stars: | 2024-11-05 | by ( Chris Boyette | Ryan Young | ) edition.cnn.com time to read: +2 min

CNN —Several non-credible bomb threats that briefly disrupted voting at two Georgia polling places originated from Russia, Georgia Secretary of State Brad Raffensperger told reporters Tuesday. “Anything that can get us to fight amongst ourselves - they can count that as a victory.”Raffensperger, a Republican, did not elaborate on how exactly state officials determined the bomb threats came from Russia. The non-credible threats caused the temporary closure of polling places at the Etris Community Center and Gullatt Elementary in Union City, just outside of Atlanta, according to Fulton County Police. An officer told him and other voters they couldn’t enter the site to vote because of a bomb threat. “They had to remove all the workers, they couldn’t let anyone in until they assessed the threats,” said Osborne.

Persons: Brad Raffensperger, “ We’ve, we’ll, ” Raffensperger, “, ” “, ”, Nadine Williams, Michael Osborne, Osborne, Evette Reyes, CNN’s Isabel Rosales, Mounira Elsamra, Denise Royal Organizations: CNN, Republican, Etris Community, Fulton County Police, Union, Census Bureau, FBI, Etris Locations: Georgia, Russia, Union City, Atlanta, Fulton County

☆ Elon Musk’s lawyer says $1M giveaway winners not randomly chosen, which could raise legal issues
▼ + stars: | 2024-11-04 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +8 min

Legal experts told NBC News that the disclosure could have legal fallout for Musk across multiple jurisdictions under laws designed to protect consumers from deceptive practices. Chris Gober, a lawyer for America PAC, made the disclosure at a hearing about the giveaways. Elon Musk awarded Kristine Fishell a $1 million check at a town hall in Pittsburgh on Oct. 20. Typically under state law, “this is actually bread and butter stuff for them,” he said in a direct message. The Justice Department, which had warned Musk’s super PAC that its offer may run afoul of federal election law, did not immediately respond to a request for comment.

Persons: Elon Musk, Musk, ” Christopher Peterson, ”, Chris Gober, “ We’re, ” Musk, Kristine Fishell, Michael Swensen, Donald Trump, Trump, Larry Krasner, John Summers, Krasner, Gober, Rebecca Tushnet, “, Tushnet, George Conway, David Vladeck, ” Lorrin Freeman, ” Jeff Sovern Organizations: NBC News, University of Utah, Musk’s America PAC, America PAC, Pennsylvania, Harvard Law School, Republican, Federal Trade Commission, FTC, Georgetown University, AGs, University of Maryland, The Justice Department, Musk’s Locations: Philadelphia, Arizona, Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin, Pittsburgh, Pennsylvania, Wake County, North, North Carolina, Baltimore

☆ Australia announced a sweeping plan to forgive 20% of student debt
▼ + stars: | 2024-11-04 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +4 min

Australian prime minister Anthony Albanese said he would cut student debt by 20% next year. AdvertisementThe Australian government on Sunday announced a sweeping plan to forgive 20% of student debt for around 3 million Australians. The debt relief is designed to promote "intergenerational equity," Albanese told Australian Broadcasting Radio on Monday, according to Bloomberg. AdvertisementHowever, Biden's efforts to grant broad student loan relief have hit several stumbling blocks. Biden's Education Department is continuing to work on debt relief proposals; if finalized, the latest one would benefit 8 million borrowers facing hardship.

Persons: Anthony Albanese, —, Albanese, it's, Andrew Norton, Richard Holden, Ayelet Sheffey, Biden's, Donald Trump, Kamala Harris Organizations: Service, Sunday, Labor, Australian Broadcasting Radio, Bloomberg, Australian National University, University of New, ABC News, Biden's, Department Locations: University of New South Wales

☆ Foreign buyers eye Japan's 'empty houses' with millions available for cheap — but experts warn of risks
▼ + stars: | 2024-11-04 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

There are 9 million "akiyas" — empty houses — across Japan, according to official government data as of 2023. These homes, often abandoned and left empty for decades, are scattered across rural areas and big cities, offering a unique opportunity for buyers with creative ideas. Urban migration is another big contributing factor to Japan's abandoned houses. Ultimately, "many Japanese [people] look at akiya as depreciating items that are more trouble than they're worth," Michael, founder of Japan real estate blog Cheap Houses Japan, told CNBC Make It. Six years later, Wormann owns seven akiyas, and works as a full-time content creator and real estate investor in Japan.

Persons: Japan's, Tetsuya Kaneko, Kaneko, Michael, We've, Anton Wormann, Wormann Organizations: Istock, Savills Japan, CNBC, Japan Locations: Japan, New York, Europe, Sweden

☆ Another jumbo Fed cut is coming by year-end with the US labor market weaker than many think, Citi economist says
▼ + stars: | 2024-11-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The Fed is going to cut interest rates by 50 basis points in December, Citi economist Veronica Clark said. Labor market weakness is showing across a number of data points, she said. According to Veronica Clark, deteriorating labor dynamics will force the central bank to cut rates by 50 basis points in December. Her point has grown more evident after October's jobs report underwhelmed expectations with only 12,000 jobs added. AdvertisementThough October's unemployment rate stayed unchanged on a rounded basis, Clark noted that it was it nearly rounded to 4.2%.

Persons: Veronica Clark, It's, Clark, —, Reserve isn't Organizations: Citi, Labor, Service, Reserve, Bloomberg

☆ Stocks making the biggest moves midday: Nvidia, Berkshire Hathaway, Yum China and more
▼ + stars: | 2024-11-04 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Nvidia is slated to replace rival chipmaker Intel , while paint manufacturer Sherwin-Williams will replace Dow Inc . Fox Corp. — Shares rose nearly 4% after the media company surpassed Wall Street's fiscal first-quarter estimates. That surpassed the earnings per share of $1.13 and $3.38 billion in revenue expected by analysts polled by FactSet. The New York Times — The media company's shares fell 6% after The New York Times added fewer-than-expected digital subscribers in the third quarter, even as its digital advertising sales saw its strongest growth in more than two years. The New York Times Tech Guild also announced Monday morning that it is officially on an unfair labor practice strike .

Persons: Sherwin, Williams, Berkshire Hathaway, Warren Buffett's, FactSet, Talen, Marriott, Peter Stern, Chewy, Dow, — CNBC's Michelle Fox, Lisa Kailai Han, Pia Singh, Sean Conlon, Samantha Subin Organizations: Nvidia, Dow Jones, Intel, Dow Inc, Berkshire, Energy, Federal Energy Regulatory Commission, Susquehanna, Amazon, Constellation Energy, Marriott, underperform, Bank of America, Yum China Holdings —, Fox Corp, FactSet, The New York Times, New York Times, New York Times Tech Guild Locations: Shanghai, Yum China

☆ The bogeyman haunting Harris (and Biden) that Trump is cashing in on
▼ + stars: | 2024-11-04 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Now, the inflation rate is nearly back to normal – miraculously, without the recession and loss of millions of jobs that many predicted. Harris also gets that the economic anxiety fueled by inflation has helped boost the popularity of her opponent, former President Donald Trump. And he’s got a point: The inflation rate never exceeded 3% under Trump – a far cry from the four-decade high of 9.1% under Biden. “I will end inflation,” Trump told a roaring crowd of supporters in battleground North Carolina on Wednesday. More than two-thirds of economists (68%) surveyed by The Wall Street Journal say prices will be higher under Trump than Harris.

Persons: Joe Biden’s, It’s, Kamala Harris, Harris, ” Harris, Donald Trump, he’s, Trump, Biden, it’s, Moody’s, ” Trump, “, aren’t, Trump’s Organizations: New, New York CNN, White, Federal Reserve, Trump, Biden, Wall Locations: New York, Russia, Ukraine, North Carolina, China, Mexico

☆ Elon Musk has a lot to gain if Trump wins. A Harris presidency is more uncertain.
▼ + stars: | 2024-11-04 | by ( Ana Altchek | ) www.businessinsider.com time to read: +8 min

Musk could gain influence at the federal level if Trump is elected president. It's unclear what a Harris administration would mean for Musk and his business empire. Musk under HarrisWhile Musk could gain power, government contracts, and looser regulations under Trump, it's unclear how he might be impacted under a Harris administration. For X, which Musk has branded as the platform for freedom of speech, Gordon said a Harris administration could pressure it to ban material labeled as "misinformation." AdvertisementIt's also possible nothing would meaningfully change for Musk under a Harris administration.

Persons: Elon Musk, Donald Trump, Musk, Trump, Harris, —, He's, Francesco Trebbi, Erik Gordon, Gordon, Tesla, eyeing Musk's, Trebbi, X, Tevi Troy, Troy, Joan MacLeod Heminway, Cary Coglianese, Tom Narayan, Karoline Leavitt, Leavitt, he's, Coglianese, it's, Carl Icahn, Tim Cook, Heminway, Elon Organizations: Service, Elon, Republican Party, Trump, Trump Many, University of California Berkeley, Musk, University of Michigan's Ross School of Business, Traffic Safety Administration, SpaceX, Department of Defense, Bank of America, Center, White House, University of Tennessee, University of Pennsylvania, Penn, RBC Capital Markets, Democratic, Green New Deal, Twitter, Apple Locations: Pennsylvania, Pittsburgh, Texas, California, Mexico

☆ Americans are probably getting another interest rate cut this week — just days after the election
▼ + stars: | 2024-11-04 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

The Federal Reserve is expected to cut interest rates by 25 basis points on Thursday. It follows a 50-basis-point rate cut in September — the first cut in four years. CME FedWatch, which forecasts interest rate changes based on market predictions, estimated an all-but-certain 25 basis point cut as of Friday afternoon. Advertisement"Borrowers should understand that 'falling interest rates' are not the same as 'low interest rates,'" Greg McBride, Bankrate's chief financial analyst, said in a commentary. What are your financial plans if the Fed makes another rate cut?

Persons: —, Jerome Powell, Powell, Helene, Milton, Cory Stahle, Julia Pollak, Greg McBride Organizations: Federal, Service, FedWatch, Boeing, BLS, Federal Reserve, PCE, Fed, asheffey

☆ Treasury yields fall as investors brace for U.S. presidential election
▼ + stars: | 2024-11-04 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +1 min

The yield on 10-year Treasury was last down by over six basis points, hovering around the 4.3% mark. The yield on the 2-year Treasury was last down by more than three basis points to 4.1661%. U.S. Treasury yields were lower on Monday as investors braced for a busy week which will see voters head to the polls for the U.S. presidential election and the Federal Reserve's next interest rate decision. Investors are also focused on the Fed's interest rate decision at the central bank's policy meeting on Thursday. Traders are were last pricing in a 99% chance of a quarter-point interest rate cut, according to CME Group's FedWatch tool.

Persons: Kamala Harris, Donald Trump, Jerome Powell Organizations: Treasury, U.S, Federal, U.S . House, NBC, PMI

☆ From nuclear to quantum computing, how Big Tech intends to power AI's insatiable thirst for energy
▼ + stars: | 2024-11-04 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +7 min

data center, in Navi Mumbai, India, on Thursday, Mar. Some of the options on the table include a pivot to nuclear, liquid cooling for data centers and quantum computing. A server room at a data center in India. Alongside nuclear energy and liquid cooling technology, some tech players have suggested developments within AI could help to decarbonize data centers. Aerial view of a data center owned by the US multinational and technology company Google in Santiago on October 9, 2024.

Persons: Somya Joshi, Frisio, Dhiraj Singh, Raj Hazra, Peter Herweck, Eric Schmidt, SEI's Joshi, Joshi, Hazra, Rodrigo Arangua Organizations: Yotta Data Services, Bloomberg, Getty, Big Tech, Stockholm Environment Institute, SEI, CNBC, International Energy Agency, Swiss, ABB, Microsoft, Google, Schneider Electric, Motivair Corp, Quantinuum, Afp, Honeywell Locations: Navi Mumbai, India, Mar, Stockholm, U.S, Santiago, South America, Quantinuum

☆ A 45-year-old personal trainer to celebrities including Naomi Campbell shared how he eats and trains to boost his longevity and stay fit
▼ + stars: | 2024-11-04 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +6 min

Celebrity personal trainer Luke Worthington focuses on longevity over hitting fitness personal bests. AdvertisementWorthington, who has trained celebrities including Dakota Johnson, Naomi Campbell, and Jodie Comer, shared his longevity non-negotiables with BI. Luke Worthington used to prioritize his work over his fitness. Luke WorthingtonThree times a week, Worthington strength trains using the "3 x 52" format he uses with his clients. While Worthington used to rely on recipe boxes and convenience foods, he's started cooking from scratch over the past year.

Persons: Luke Worthington, —, he's, it's, Worthington, Dakota Johnson, Naomi Campbell, Jodie Comer, wasn't, Luke Worthington Worthington, I've Organizations: Service, Worthington Locations: London

☆ Activist Engine Capital nominates six directors at software maker Dye & Durham, sources say
▼ + stars: | 2024-11-04 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Activist investor Engine Capital has nominated a slate of directors Monday at Canadian legal software maker Dye & Durham , according to people familiar with the matter, after the company fielded takeover interest and moved to launch a sale process Engine has described as "reactionary." Dye & Durham delayed the special meeting twice to December. Dye & Durham makes a suite of software for law firms and says it has more than 60,000 customers worldwide. Engine has contended that a sale of the company at this time would "substantially undervalue" the company. "Dye & Durham has substantially refreshed its Board and has a focused and aligned management team."

Persons: Arnaud Ajdler, Ritu Khanna, Hans Gieskes, Aecom, Goldman Sachs, Matthew Proud's, Dye Organizations: Capital, Dye, Durham, LexisNexis, & Durham, DND, Goldman, Bloomberg Locations: Parkland

☆ The Fed wants to show it is on top of the markets and will deliver 2 more rate cuts in 2025: Nomura
▼ + stars: | 2024-11-04 | 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 EmailThe Fed wants to show it is on top of the markets and will deliver 2 more rate cuts in 2025: NomuraGareth Nicholson of Nomura says that the the U.S. Fed cutting interest rates by 25 bps in the November and December 2024 meetings is a stable decision, and also signals that the Fed is "100% independent" and in control regardless of the results of the Presidential elections.

Persons: Nomura Gareth Nicholson, Nomura Organizations: U.S, Fed

☆ Prepare for market volatility but don't panic trade, analysts say ahead of Election Day
▼ + stars: | 2024-11-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Market analysts predicted choppy trading and sharp swings going into the US presidential election. AdvertisementMarket analysts are braced for volatility ahead of Tuesday's presidential election as traders shuffled their bets on a Donald Trump or Kamala Harris victory. The drivers of market performance — economic growth, corporate earnings, and innovation — ultimately outshine the impact of political changes. The Trump trade is a stronger dollar, weaker bonds/ higher bond yields and stronger crypto. With one day left of this campaign, the dollar is falling, and the dollar index is at a two-week low.

Persons: Donald Trump, Kamala Harris, —, who'll, Naeem Aslam, Joshua Mahony, Harris, Hal Cook, Hargreaves, Kathleen Brooks, Trump Organizations: Service, Republican, Democratic, Federal Reserve, Zaye, Trump, FX Locations: Iowa, United States

☆ JPMorgan’s favorite stock picks heading into November
▼ + stars: | 2024-11-04 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

With the election around the corner, JPMorgan has updated its top ideas list that target growth, income, value and short-selling strategies. Yet, JPMorgan thinks that trajectory can keep going, as it has an overweight rating on the stock with a $300 price target. JPMorgan's overweight rating and target of $1,100 on the name also implies more than 34% upside from here. JPMorgan also highlighted the newly added Regency Centers as one of its growth strategies for the new trading month. Shares have jumped more than 7% this year, and JPMorgan's target implies almost 8% upside from Friday's close, on par with its average target of $77.12.

Persons: JPMorgan's, Carvana, Eli Lilly, David Ricks Organizations: JPMorgan, Nasdaq, Dow Jones Industrial, Regency Centers, Caterpillar Locations: Carvana

☆ Is 'Travel Tuesday' a gimmick or a chance to save on your next trip?
▼ + stars: | 2024-11-04 | by ( Monica Pitrelli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIs 'Travel Tuesday' a gimmick or a chance to save on your next trip? Search interest for "Travel Tuesday" rose more than 500% over the last two years as more companies offer discounts on airfare, hotels, cruises and tour packages, reports CNBC's Monica Pitrelli.

Persons: CNBC's Monica Pitrelli

☆ New York Times tech workers are going on strike at the worst possible time
▼ + stars: | 2024-11-04 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

The New York Times' tech workers went on strike, risking disrupting the Times during the election. AdvertisementThe New York Times' tech workers went on strike Monday morning, threatening to disrupt the publication's operation during the presidential election and its aftermath. The Tech Guild, which represents workers like software developers and data analysts, said members would be picketing outside the Times' New York City headquarters. The Times Guild, which represents non-tech workers, called on Times management to complete a deal by Election Day. It's represented by the NewsGuild of New York, which also represents more than 1,400 newsroom and business employees via The New York Times Guild.

Persons: —, It's, Sulzberger Organizations: New York Times, Tech, Times, Service, Tech Guild, The Tech Guild, Company, New York Times Guild, Business, The Times, Co Locations: New York City, New York

☆ Dollar dips as U.S. election outcome remains uncertain, Fed rate cut looms
▼ + stars: | 2024-11-04 | by ( ) www.cnbc.com time to read: +3 min

The euro rose 0.4% to $1.0876 but faces resistance around $1.0905, while the dollar dipped 0.3% on the yen to 152.45 yen . Analysts believe Trump's policies on immigration, tax cuts and tariffs would put upward pressure on inflation, bond yields and the dollar, while Harris was seen as the continuity candidate. "A Harris win and a split Congress would likely result in 'Trump trades' quickly reversed and priced out," he added. Uncertainty over the outcome is one reason markets assume the Federal Reserve will choose to cut rates by a standard 25 basis points on Thursday, rather than repeat its outsized half-point easing. Futures imply a 99% chance of a quarter-point cut to 4.50%-4.75%, and an 83% probability of a similar-sized move in December.

Persons: Kamala Harris, Republican Donald Trump, Harris, Chris Weston, Trump, Goldman Sachs, Jan Hatzius Organizations: Democratic, Republican, Dealers, Trump, Reserve, of England, Norges Bank, Reserve Bank of Australia, Labor, China's National People's Congress, Reuters Locations: Asia, United States, Iowa, Treasuries, gilts, Beijing

☆ Cramer raves about Salesforce's star-powered plan to raise awareness of its new AI agents
▼ + stars: | 2024-11-04 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. In his Sunday column, meanwhile, Jim Cramer looked at 11 earnings surprises , including a feeling that both presidential candidates would support solar. 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, There's, that's, there's, Eli Lilly, Lilly, Stanley Black, Decker, Nextracker, Jim, Salesforce, Evercore, Agentforce, he's, Saleforce's, Matthew McConaughey, Stocks, Sherwin, Berkshire Hathaway, Jim Cramer's, NVDA Organizations: CNBC, Fed, Devices, Nvidia, Intel, Dow, Therapeutics, Depot, ISI, Abercrombie, Fitch, Constellation Energy Locations: Friday's, Williams, Berkshire, Marriott

☆ I wish I'd dropped out of college. Graduating with a degree didn't justify my now-mounting debt.
▼ + stars: | 2024-11-04 | by ( Eibhlis Gale-Coleman | ) www.businessinsider.com time to read: +5 min

But, in hindsight, I wish I'd dropped out just to save myself on my now-mounting debt. Since then, nobody has asked me about my college degree. AdvertisementI believe my best — and safest — bet would have been to switch to an online degree when the pandemic first hit. It just goes to show that sometimes, a bit of risk-taking can pay off; I wish I'd been bolder. I'll definitely chalk up my university experience as "You live, and you learn" territory; I still really enjoyed aspects of my college experience.

Persons: —, I'd, I'm, I've, Little, it's Organizations: Service, Citadel

Search interest for "Travel Tuesday" rose more than 500% from 2021 to 2023, according to a report published by McKinsey & Company on Thursday. Searches are highest among American and Canadian consumers, but interest is also rising in Australia, the United Kingdom, Netherlands and Spain, according to McKinsey. "European travel companies can anticipate the possibility that Travel Tuesday will become a growing phenomenon in their region," McKinsey's report notes. Searches for "Cyber Monday" are far greater than "Travel Tuesday," but interest in the former is declining, it showed. "But unlike some of the impulse purchases consumers make on Black Friday, travel bookings can require more planning."

Persons: —, Kristen Jennings, Ryan Mann, Mann Organizations: McKinsey & Company, McKinsey, Google, Bawah Reserve, McKinsey's, Logistics, Infrastructure Locations: Canadian, Australia, United Kingdom, Netherlands, Spain, North America, Western Europe, Singapore, Asia, Riau

☆ Cramer's favorite stock of earnings season so far gets new props from analysts
▼ + stars: | 2024-11-04 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

The news Morgan Stanley raised its Amazon price target Monday to $230 per share from $210 — implying 16% upside to Friday's close. Morgan Stanley expects Amazon's shipping and fulfillment cost per package to decrease about 3% each year from 2023 to 2026, reaching $6.51 by 2026. Bottom line Jim Cramer wrote in his Sunday column that Amazon is the "best stock so far" of this earnings season, citing skill execution across all of its businesses. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Morgan Stanley, D.A, Davidson, Jim Cramer, Jim Cramer's, Jim, David Paul Morris Organizations: Amazon, Web Services, CNBC, Bloomberg, Getty Locations: San Francisco

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