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Bank of America reiterates Roblox as buy Bank of America said the stock is becoming "more investable." Deutsche Bank initiates Wayfair as buy Deutsche said in its initiation of the stock that it's a "pure-play e-commerce leader." Deutsche Bank initiates DoorDash as buy Deutsche said in its initiation of the company that it has "superior unit economics." Bank of America initiates Gen Digital as buy Bank of America said it likes the cyber safety vendor. Goldman Sachs reiterates Amazon as buy Goldman said it sees an "underappreciated secular growth opportunity" for Amazon shares into next year. "
Persons: it's, Goldman Sachs, Goldman, 1QFY, Roblox, Price, Stifel, Baird, Catalent, 1HCY24, Piper Sandler, Piper, Philip Morris, Guggenheim, Wells, TD Cowen downgrades Organizations: UBS, Nvidia, Qs, Networks, Palo Alto Networks, 1QFY billings, billings, Bank of America, Products, Deutsche Bank, Deutsche, HSBC downgrades Altice, HSBC, Goodyear Tire, Goodyear, " Bank of America, ITT, of America, Aerospace & Defense, Digital, JPMorgan, Entertainment, Mizuho, Intel, AMD, Amazon, Citi, EV, TD Cowen downgrades Target Locations: HSBC downgrades Altice USA, China
Will gym stocks be hurt by an "Ozempic effect" similar to the blow that has rocked the medical device and food sector? Stock in Planet Fitness has slipped more than 16% from the start of the year, while Life Time has added roughly 20%. Planet Fitness sunk to a 52-week low in September after the company's board ousted Chris Rondeau as chief executive officer . PLNT YTD mountain Planet Fitness stock. At Life Time, anti-obesity medication is being incorporated into the weight loss programs it offers to members.
Persons: Simeon Siegel, it's, Jefferies, Chris Rondeau, Bahram Akradi, Warren Cheng, PLNT, Cheng, Jeff Zwiefel, Alexander Perry's, Perry, Curtis Harman, Harman, It's, Piper Sandler, Korinne Wolfmeyer, Wolfmeyer Organizations: BMO Capital Markets, ISI, Bank of America, GLP, Wellness, CNBC, Holdings, Nordisk's Ozempic
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. Other large China-focused ETFs, including the iShares MSCI China ETF (MCHI.O), KraneShares CSI China Internet ETF (KWEB.P), also showed upbeat options activity, according to Trade Alert data. "It certainly seems that there is generally bullish positioning ahead of the meeting," said Steve Sosnick, chief strategist at Interactive Brokers, noting that the positions had been built up over several days. Reuters GraphicsInvestors' nascent enthusiasm for Chinese stocks is at odds with how these ETF's have performed this year. Daniel Kirsch, head of options at Piper Sandler, said recent bullish options flows into KWEB may be to do with a combination of enthusiasm ahead of the Biden-Xi meeting as well as results from Chinese e-commerce companies JD.com and Alibaba .
Persons: Brendan McDermid, Joe Biden's, Xi Jinping, Steve Sosnick, Biden, Xi, Sosnick, Daniel Kirsch, Piper Sandler, JD.com, Kirsch, Saqib Iqbal Ahmed, Suzanne McGee, Ira Iosebashvili, Jonathan Oatis Organizations: New York Stock Exchange, REUTERS, U.S, iShares, KraneShares CSI China Internet, Interactive, Federal, Economic Cooperation, Reuters Graphics Investors, Research, Biden, Thomson Locations: New York City, U.S, China, KraneShares, San Francisco, Asia
Piper also says Gen Z workers can see there's a possibility for a better way of living. Some commenters said Gen Z is soft and needs to buck up and get used to it because this is the way it is. As a Gen Z person who's going through the same transition into the workforce as the person in that viral video, I just want to say: we know this is how it is. And that's what I love about Gen Z: we see the reality of the way the world is, but we also see that there's a possibility for something better. I wish there were more options for schedules that are conducive to actually having a life outside of work.
Persons: Piper Hansen, Piper, , I've, there's, Gen, I'm Organizations: Service Locations: Louisville , Kentucky
Keir Starmer, leader of Britain's Labour Party, speaks during the Prime Minister's Questions, at the House of Commons in London, Britain November 15, 2023. But the backing of so many Labour lawmakers showed the levels of disquiet in the party over the Middle East conflict. Eight members of Starmer's 'shadow' ministerial team left their roles in order to defy the party position. But I wanted to be clear about where I stood, and where I will stand," Starmer said after the vote. A large protest by the Palestine Solidarity Campaign outside parliament demanding lawmakers back a ceasefire took place while the vote was going on.
Persons: Keir Starmer, Maria Unger, Handout, Rishi Sunak, Jess Phillips, Starmer, Elizabeth Piper, Kylie MacLellan, Deepa Babington Organizations: Britain's Labour Party, REUTERS Acquire, Labour, Scottish National Party, European Union, Palestine Solidarity Campaign, Thomson Locations: London, Britain, Israel, United States, Gaza, Britain's, Palestine
The Nothing Phone 2 will soon give Android users the option to communicate with Apple's iMessage. It works by asking you to log into your iCloud account through a Mac mini server farm, drawing security concerns. If messaging services are dividing phone users, then we want to break those barriers down. AdvertisementWhile a simple switch from green to blue bubbles might sound trivial, there really is an existing communication barrier for some Android users, especially when most of the people they talk to have iPhones. Business Insider previously spoke to Android users in their 20s who said they had received criticism and mean comments about their phone choice.
Persons: Apple's, They'll, , there's, we've, Marques Brownlee, Brownlee, they're, it's, Zers —, Piper Sandler Organizations: Service, EU, Google, Apple, Android, Business, Union's Locations: London, Canada, Europe
If the House passes the bill, the Senate will next need to approve the measure. Government funding is currently set to expire at the end of the week on Friday, November 17. In the first major test of his leadership, newly elected House Speaker Mike Johnson is pursuing an unusual two-step plan that would set up two new shutdown deadlines in January and February. The conservative House Freedom Caucus, a group of roughly 30 hardliners, has taken an official position against Johnson’s two-part government funding plan. A number of conservatives oppose the stopgap bill because it would not implement the deep spending cuts they have demanded.
Persons: Mike Johnson, Johnson, CNN’s Kristin Wilson, Annie Grayer, Lauren Fox Organizations: Energy Department, Caucus, Republican, GOP, Freedom Caucus, Johnson’s Locations: Israel, Ukraine
[1/5] A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Nov 14 (Reuters) - A benign U.S. inflation report is bolstering hopes that the Federal Reserve can bring down consumer prices without hurting the economy, a so-called Goldilocks environment that investors believe will benefit stocks and bonds. This does feel like a Goldilocks moment for the entire market.”The data fueled a powerful rally in stocks and bonds. The S&P 500 (.SPX) was up about 2% on the day, on track for its biggest one-day rise since January. Still, some investors believed it was too early to call a victory in the fight against inflation.
Persons: Brendan McDermid, Eric Kuby, bearish, , Daniel Kirsch, Piper Sandler, Thomas Hayes, , Brian Rose, Jamie Cox, Lewis Krauskopf, Saqib Iqbal Ahmed, Davide Barbuscia, Ankika Biswas, Ira Iosebashvili, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, Federal Reserve, North Star Investment Management Corp, Thomson Reuters, BofA's Global, Fed, Fund, UBS Global Wealth Management, Harris Financial, Thomson Locations: New York City, U.S, Thomson Reuters United States, New York, Bengaluru
Summary Braverman says Sunak has betrayed promise to stop migrant boatsSunak's office says actions, not words, countBraverman accuses Sunak of uncertain and weak leadershipLONDON, Nov 14 (Reuters) - Sacked British minister Suella Braverman launched a blistering attack on Prime Minister Rishi Sunak on Tuesday, accusing him of betraying both her and the country. She also said Sunak broke a series of promises he made to her so she would serve under him as prime minister. A spokesperson for Sunak's Number 10 office said in response: "The prime minister believes in actions not words." Braverman was sacked by Sunak on Monday after an unauthorised newspaper article in which she accused police of double standards at pro-Palestinian protests. Sunak became leader in October last year and re-appointed Braverman as interior minister just days after she was fired by his predecessor for security breaches.
Persons: Braverman, Sunak, Suella Braverman, Rishi Sunak, William James, Muvija, Elizabeth Piper, Kate Holton, Barbara Lewis Organizations: Conservatives, Conservative, European Union, Thomson Locations: Rwanda, Northern Ireland
Starting in-person Tuesday in Seattle and livestreamed from Wednesday, Microsoft's "Ignite" event consists of three days of product announcements and various keynotes from technology executives. At the Club, we'll be looking for initial evidence of a return on investment (ROI) for Microsoft's AI products — particularly the company's recently launched AI assistant, 365 Copilot . MSFT YTD mountain Microsoft (MSFT) year-to-date performance Piper Sandler reiterated the Club's take that evidence of early adoption around Copilot, along with ROI, could be bullish for Microsoft. Bottom line Microsoft stock, up more than 54% year-to-date, has surged in 2023 on the generative AI boom. If the Ignite conference provides further evidence that Microsoft's large bet on AI is paying off, it would likely be positive for the stock.
Persons: we'll, Piper Sandler, Wells Fargo, Wells, they'll, Jim Cramer's, Jim Cramer, Jim, Omar Marques Organizations: Microsoft, Sunday, Ignite, Bloomberg, Devices, CNBC, Getty Locations: Seattle, livestreamed, Copilot, OpenAI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoth Biden and Trump are explicit about not touching the drivers of our debt, says Don SchneiderDon Schneider, Piper Sandler U.S. policy deputy head and former House Ways & Means Committee economist, joins 'Squawk Box' to discuss the state of negotiations in Congress to avert a government shutdown, what it means for the economy, potential market impact, and more.
Persons: Trump, Don Schneider Don Schneider, Piper Sandler Organizations: Email, Biden
Buyers could face possible legal action and Tesla may also refuse to sell future EVs to that individual or entity. Plug Power — Shares of the hydrogen developer added 1% after falling earlier in the session and plunging 40% Friday. On Monday, Wolfe Research downgraded Plug Power to peer perform from outperform, citing execution risk for financing operations. The downgrade came after Plug Power on Friday issued a going concern warning . The firm noted that the company recently topped consensus earnings estimates and expressed optimism over Health Catalyst's strong product portfolio and tech-enabled managed services (TEMS).
Persons: Tesla, Guggenheim, Wolfe, CrowdStrike, Henry Schein —, Henry Schein, Piper Sandler, GitLab, , Sarah Min, Hakyung Kim, Alex Harring, Jesse Pound, Pia Singh, Tanaya Macheel Organizations: Warner Bros, Discovery, Boeing —, Dubai carrier Emirates, Boeing, Bloomberg, Nvidia —, Wolfe Research, StreetAccount, Tyson, Stifel, CrowdStrike Locations: China
NASA astronauts Jasmin Moghbeli and Loral O’Hara marked their first spacewalk this month with a tool bag floating through space. The pair concluded their maintenance work outside the International Space Station (ISS) in six hours and 42 minutes, according to the space agency. Leaving this task for a future spacewalk, the pair instead conducted an assessment of how the job could be done. Vyacheslav Oseledko/AFP/Getty ImagesDuring the their hours-long mission, a tool bag gave them the slip and was “lost,” NASA said, with flight controllers spotting it using the ISS’ external cameras. A 2006 spacewalk saw astronauts Piers Sellers and Michael Fossum lose a 14-inch spatula while testing a method of repairing the space shuttle.
Persons: Jasmin Moghbeli, O’Hara, Loral O'Hara, Vyacheslav Oseledko, , EarthSky, Heide, Piers Sellers, Michael Fossum Organizations: CNN, NASA, Space, International Space Station, European Space Agency Locations: stow, Kazakhstan, AFP
It was the latest reset for a prime minister whose party is badly lagging the Labour Party before an election expected next year. The return of Cameron suggested Sunak wanted to bring in a more centrist, experienced hand rather than appease the right of his party which supported Braverman. It also reawakens divisive debate over Brexit: Cameron held the referendum on European Union membership in 2016 and was hated by many on the right of the party after he campaigned to remain. BREXIT RETURNS[1/5]Britain's former Prime Minister and newly appointed Foreign Secretary David Cameron walks outside 10 Downing Street in London, Britain November 13, 2023. Now, opposition lawmakers said his decision to appoint Cameron was an act of desperation.
Persons: Braverman, Rishi Sunak, David Cameron, Suella Braverman, Cameron, Sunak, BREXIT, Suzanne Plunkett, Theresa May, James, Pat McFadden, Elizabeth Piper, Andrew MacAskill, Alistair Smout, Sachin Ravikumar, Kylie MacLellan, Sarah Young, Kate Holton, Andrew Cawthorne Organizations: London, British, Labour Party, European Union, Britain, Conservative Party, REUTERS, Conservative, Conservatives, Labour, Thomson Locations: London, Britain, England, Labour's
Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. Those gains have come despite little upside surprise in any of their reports and have largely been driven by a retreat in bond yields. Bond yields, meanwhile, were little changed Monday morning, with that of the 10-year Treasury hovering above 4.6%. 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 .
Persons: Jim Cramer, We've, Eli Lilly, Jim, Piper Sandler, Jim Cramer's Organizations: CNBC, Apple, Treasury, Novo Nordisk, Wall Street, Club, Microsoft, Ignite
Jefferies initiates PepsiCo as buy Jefferies called PepsiCo a defensive stock. " Jefferies initiates Procter & Gamble as buy Jefferies said in its initiation of the stock that it's a top and bottom line growth leader. Jefferies initiates Colgate-Palmolive as buy Jefferies said it sees a "reinvigorated" brand lineup for Colgate. Citi reiterates Amazon and Meta as buy Citi said it's bullish on the partnership between Amazon and Meta. Citi reiterates Eli Lilly as buy Citi said it's standing by its buy rating on the stock.
Persons: Piper Sandler, Stifel, CrowdStrike, KBW, it's, Bernstein, buybacks, Airbnb, BTIG, Raymond James, Natera, Hewlett Packard, Jefferies, Colgate, Morgan Stanley, Edward Jones, Olin, it's bullish, Truist, Citi, Eli Lilly, Lilly, Melius Organizations: UBS, Barclays, Apple, Piper, Capital Holdings, Guardant, Citi, Hewlett, PepsiCo, Pepsi, Procter, Gamble, G, Constellation Brands, Constellation, Colgate, Palmolive, Mirum Pharmaceuticals, Oracle, North America, Amazon, Social Commerce, ~$
Out of the 29 cabinet roles, at least 16 backed remaining in the EU, compared with 10 who supported leaving. Sunak's party still languishes around 20 points behind the opposition Labour Party before an election that must happen by January 2025. But as he was talking, he asked a former cabinet minister to the right of the party for her thoughts. With few Conservatives believing they can win the next election, others might follow her in preparing for a new job. For the Conservatives to stand a chance, they need to change that perception, and it's hard to imagine how bringing David Cameron back does that," he said.
Persons: David Cameron's, Rishi Sunak, Suella Braverman, Sunak, Liz Truss's, Braverman, Cameron, Boris Johnson, Johnson, Dehenna Davison, Keiran, David Cameron, Kylie MacLellan, Elizabeth Piper, Kate Holton, Alex Richardson Organizations: British, European Union, EU, Conservative, Labour Party, Liberal Democrats, Labour, Conservatives, Thomson Locations: England
Police officers detain a counter-protester on the day of a demonstration in solidarity with Palestinians in Gaza, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in London, Britain, November 11, 2023. REUTERS/Hannah McKay/ File Photo Acquire Licensing RightsLONDON, Nov 12 (Reuters) - Seven people have been charged following a mass pro-Palestinian march and a far-right counter protest on Saturday when more than 140 people were arrested, the police said on Sunday. Skirmishes broke out between police and the far-right groups gathered to protest against the demonstration taking place on Armistice Day, the anniversary of the end of World War One, when Britain commemorates its war dead. London's Metropolitan police said investigations were continuing into a "number of other incidents" and that the seven were charged with different offences, such as criminal damage, resisting arrest, possession of an offensive weapon, drugs possession, being drunk and disorderly, and assault. Reporting by Elizabeth Piper; editing by Giles ElgoodOur Standards: The Thomson Reuters Trust Principles.
Persons: Hannah McKay, Laurence Taylor, Elizabeth Piper, Giles Elgood Organizations: Hamas, REUTERS, Metropolitan, Thomson Locations: Gaza, Israel, Palestinian, London, Britain
The US economy added just 150,000 jobs, under the expected 180,000, and the unemployment rate rose to 3.9%, now 0.5% higher than its low earlier this year. Federal Reserve Bank of St. Louis/Bullandbearprofits.comSecond, the inverted yield curve is starting to steepen. An inverted yield curve has been an extremely reliable recession indicator over the last several decades. Bullandbearprofits.com"Proven leading indicators show that the unemployment rate is likely to start rising materially soon. Piper SandlerIn addition to the yield curve and employment indicators above, other recession indicators continue to point to a downturn ahead.
Persons: Jon Wolfenbarger, Merril Lynch, Wolfenbarger, Louis, bode, Piper Sandler's Michael Kantrowitz, Piper Sandler, Societe Generale's Albert Edwards, Edwards Organizations: JPMorgan, Federal Reserve Bank of St, National Federation of Independent, Fed, Bank of America, Societe Generale's, Generale, Edwards . Societe Generale Locations: lockstep, Edwards .
A NASA astronaut accidentally lost a tool bag in space earlier this month. The lost bag is not a threat, and will just burn up in Earth's atmosphere. AdvertisementAdvertisementA NASA astronaut accidentally let go of a tool bag in space while conducting repairs on the International Space Station (ISS) earlier this month. It's happened at least four times before to NASA astronauts — here's a breakdown of what happened each time. But while the capsule door was still open, one of his spare gloves floated out and off into space, Space Center Houston said.
Persons: , it's, Jasmin Moghbeli, Loral O'Hara, O'Hara, Peggy Whitson, Shane Kimbrough, Heidemarie Stefanyshyn, Piper, spacewalker, Ed White, White, Sergey Prokopyev, Dmitri Petelin, chucked Organizations: NASA, Service, Space, ISS, Flight, Washington Post, Mission Control, Space Center, Space Center Houston Locations: isn't, Russian
One investor's portfolio loser could be another's winning stock as 2023 draws to a close, according to Bank of America. Buy rated and cheap Bank of America screened for buy-rated stocks that fell at least 10% in 2023 through the end of October that were also overweight by long-only funds as of September. However, Bank of America still rates both names as buys – and others on Wall Street spot potential. Retailer Target is another name that made the cut, garnering a buy rating from Bank of America. Other stocks in Bank of America's list include agriculture play Mosaic , life insurer MetLife , defense giant Northrop Grumman , as well as gas and electric utility CenterPoint Energy .
Persons: Savita Subramanian, Dexcom, Insulet, , Piper Sandler's Matt O'Brien, — CNBC's Michael Bloom Organizations: Bank of America, Internal Revenue, Bank of, Target, MetLife, Northrop, CenterPoint Energy Locations: Bank of America, Bank
Nov 10 (Reuters) - Shares of advertising tech firm Trade Desk (TTD.O) plunged 19% on Friday following a quarterly revenue forecast dented by a slowdown in spending from labor strike-hit automakers and media companies. Trade Desk has what it calls "a marketplace" of more than 200 companies, including ESPN, Hulu and Fox, where advertisers can choose to show their ads. The company also caters to brands such as Warner Bros Discovery (WBD.O), which warned this week the sluggishness in advertising trends could continue into the next year. Trade Desk expects fourth-quarter revenue of at least $580 million, which was $30 million lower than estimates, according to LSEG data. "We appreciate the near-term conservatism and think that Trade Desk sits in a unique position to deliver defensibility in a deteriorating macro but also growth in an improving one," RBC Capital Markets analysts said.
Persons: Piper Sandler, Jeff Green, Samrhitha, Sriraj Organizations: Google, ESPN, Hulu, Fox, Warner Bros Discovery, Trade, RBC Capital Markets, Thomson Locations: Alphabet's, Bengaluru
CNN —Jim McGreevey, the former New Jersey governor who publicly acknowledged he was gay and admitted to an affair before stepping down nearly 20 years ago, announced Thursday he will campaign for mayor of Jersey City in 2025. But I also think, God willing, that I can give something back,” McGreevey said Thursday at an event kicking off his campaign. McGreevey, a 66-year-old Democrat, was elected in 2001 as New Jersey governor. In a campaign video, McGreevey, who served as mayor of Woodbridge Township before becoming governor, asked people to give him a second chance. And that’s what, God willing, this campaign is all about, is a new opportunity for Jersey City,” he said in the video.
Persons: Jim McGreevey, I’ve, ” McGreevey, McGreevey, Candido Ortiz, CNN’s Kaitlan Collins, ” “, , it’s, Steven Fulop, It’s, , CNN’s Piper Hudspeth Blackburn Organizations: CNN, New, Jersey City, Corporation, Democratic Locations: New Jersey, Jersey, , Dominican, Woodbridge Township, Ireland
Critics in opposing parties and her own have accused her of stoking division and undermining the police. British Prime Minister Rishi Sunak has described Saturday's planned march as disrespectful and said he would hold Rowley to account that the remembrance events are safeguarded. Braverman, seen as a possible future Conservative party leader, often takes a harder line than her party as a whole on issues such as crime and immigration. Opposition Labour Party leader Keir Starmer said Sunak was too weak to challenge her. In a separate incident, two men were arrested over damage to the Cenotaph war memorial in the northern English town of Rochdale.
Persons: Braverman, Suella Braverman, Mark Rowley, Rishi Sunak, Saturday's, Rowley, Sunak, Keir Starmer, Neil Basu, King Charles, Sarah Young, Andrew MacAskill, Elizabeth Piper, Sharon Singleton, Mark Heinrich Our Organizations: The, Hamas, British, Conservative, Opposition Labour Party, British Loyalist, London, LBC Radio, Thomson Locations: Israel, Gaza, London, The Times, Northern Ireland, Britain, British, Braverman, Rochdale
Microsoft (MSFT) stock notched all-time highs this week, and we expect shares will soar even higher through the end of the year on the back of artificial intelligence. Microsoft stock has been on its longest winning streak in four years, recording nine-consecutive sessions of gains as of Wednesday. MSFT YTD mountain Microsoft (MSFT) year-to-date performance Microsoft at the start of November started officially selling 365 Copilot , an AI add-on for the company's suite of Office applications used by businesses. The Club maintains a $400-per-share price target on Microsoft stock and a 1 rating, meaning we would be buyers at current levels. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: OpenAI, Satya Nadella, Nadella, Piper Sandler, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Microsoft, CNBC Locations: OpenAI, San Francisco
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