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☆ In the country of ‘machismo,’ a woman will be the next president
▼ + stars: | 2023-10-04 | by ( Rafael Romo | ) edition.cnn.com time to read: +7 min

Sheinbaum, a 61-year-old former Mexico City mayor and longtime political ally of Lopez Obrador, hit all the right notes in thanking him. Lopez Obrador promises to ‘retire completely’Schettino believes the immensely popularly Lopez Obrador views Sheinbaum as his extension in power. In 2012, Lopez Obrador created Morena as a political party. “President López Obrador, a dinosaur who not only is a dinosaur, but also has the vocation of a tyrant. Earlier this year, Lopez Obrador denied he had any favorites among his party’s hopefuls or that he was pushing for one candidate or another behind the scenes.

Persons: Andrés Manuel López Obrador, Claudia Sheinbaum, Lopez Obrador, Morena, Sheinbaum, ”, –, Xochitl Gálvez, It’s, Lopez, Xochitl Galvez, wasn’t, Gálvez, López Obrador, Vicente Fox, Gálvez unapologetically, Macario, she’s, don’t, ” Schettino, “, let’s, it’s, ” Sheinbaum, ‘, Schettino, hew Organizations: CNN, Mexico City, Broad Front, PAN, PRI, PRD, Front, Mexican Congress, Social, Institutional Revolutionary Party, Party of Democratic Locations: Mexico City, Mexico, Monterrey, Mexican, Mexico’s

☆ The bond market is suffering from 'Old Testament capitulation' and still isn't near the end of its rout, market veteran says
▼ + stars: | 2023-10-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The bond market is suffering from "Old Testament capitulation," Jim Bianco told CNBC. Bond investors have been "getting their brains beat in, and they can't take it anymore." According to the president of Bianco Research, the bond market is in a secular bear market that has several more years to go, adding "I don't think we're near the end of this move in the bond market." "I think what you see in the bond market is a capitulation of good old fashioned — I like to say Old Testament capitulation right now," Bianco said. "Basically, most of the year, bond investors, bond managers been long, been trying to argue why we're going to have a recession, why there's going to be a rally.

Persons: Jim Bianco, —, " Bianco, they've, Bianco Organizations: CNBC, Bond, Service, Bianco Research, Fed

☆ 'Fertile ground': Goldman names stocks to tap a $6 trillion renewables market, gives one 58% upside
▼ + stars: | 2023-10-04 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

"This would suggest very fertile ground for the Green Energy Majors," they said, referring to the major stocks. Revisiting green energy stocks Goldman said these buy-rated stocks are among the "most interesting names": German offshore wind power generation company RWE . Goldman's price target: 54 euros ($56.60), giving it an implied upside of about 58%. Goldman's price target: 5.25 euros, giving it an implied upside of about 37%. Spanish solar energy firm Solaria : Goldman's price target: 17.5 euros, giving it an implied upside of about 24%.

Persons: Goldman Sachs, Goldman, Michael Bloom Organizations: Green Energy Locations: Europe, United States, U.S, Portuguese, Spanish

☆ Here are Tuesday's biggest analyst calls: Nvidia, Rivian, Amazon, Airbnb, Warby Parker, HP, FedEx and more
▼ + stars: | 2023-10-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Tuesday's biggest calls on Wall Street: KeyBanc reiterates Nvidia as overweight KeyBanc raised its price target on Nvidia to $750 per share from $670 and said it sees "outsized growth." Bank of America adds FedEx to the US1 list Bank of America added the stock to its top picks list. "Upgrading Clean Energy Fuels (CLNE) from Outperform to Strong Buy, with the company on the cusp of ramping up in-house RNG production." JPMorgan reiterates Amazon as a top pick JPMorgan said ignore the noise and buy the dip in shares of Amazon. Bank of America initiates Dycom as buy Bank of America said in its initiation of the telecommunications infrastructure company that it's uniquely positioned.

Persons: KeyBanc, Ally, Evercore, bode, Stifel, Churchill, CHDN, Raymond James, Baird, Vestis, Piper Sandler, Tesla, IBKR, Morgan Stanley, Rivian, it's, Warby Parker, Booz Allen Hamilton, Goldman Sachs, Wedbush Organizations: Nvidia, Aclaris Therapeutics, ISI, Citi, Arista Networks, Arista, " Bank of America, FedEx, Bank of America, FedEx Corp, Owl Capital, Swift Transportation, Evercore ISI, TAM, Energy Fuels, JPMorgan, FTC, DOJ, HP Inc, underperform Bank of America, HPQ, UBS, Booz, of America, Emerson Electric, Warner Music Group, Apple, Constellation Brands Locations: China, CY23

☆ UBS upgrades shares of this entertainment conglomerate, sees nearly 20% upside
▼ + stars: | 2023-10-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Deals with emerging music platforms and a move toward newer streaming payment models are set to boost Warner Music Group , according to UBS. Warner Music Group stock is down 11% year to date, providing an attractive entry point for investors, Levi wrote. Additionally, the analyst believes Warner Music Group stands to benefit as the music industry moves toward new deals designed to better reward artists. Simultaneously, these updated music streaming payment models should reduce fraudulent nonmusic streams. Despite the stock's year-to-date losses, Warner Music is up 19% over the past three months.

Persons: Levi, Bryan Castellani, — CNBC's Michael Bloom Organizations: Warner Music Group, UBS, Warner Music

☆ Fiscal excess, the power of Main Street, and US 'debasement': Here are the themes BofA says will dominate markets for the rest of this decade
▼ + stars: | 2023-10-01 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Central banks around the world are raising interest rates up from 5,000-year lows, and that's ushering in the end of abnormally high returns for stocks and bonds. In the prior decade, deflation assets like bonds and tech gained about 10%, while inflation assets such as cash, commodities, and value gained 6%. Central bank policyThe backdrop to all this has been the actions taken by global central banks, led by the US Federal Reserve. But as with other dominant themes of the 2010s, the monetary excess of central bankers is set to be replaced. The combination of central banks' monetary excess and governments' fiscal excess of the last three years has pushed nominal US GDP 40% higher since its pandemic low in the fourth quarter of 2020.

Persons: —, BofA, It's Organizations: Bank of America, Service, European Union, St, Bank of America US, US Federal Reserve Locations: Ukraine, Central

☆ After a rough third quarter, here's what to expect from technology stocks into the end of 2023
▼ + stars: | 2023-10-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +8 min

2023's surge in technology stocks fizzled in September as rising rates put a heavy dent in the artificial intelligence-fueled rally . Over the next few weeks, Deepwater Asset Management's Gene Munster is keeping an eye on September's consumer price index and nonfarm payrolls report ahead of the start of big technology earnings later in the month. "The good news is that this should right itself once the September quarter earnings come up." Sean Sun, a portfolio manager at Thornburg Investment Management, likened the earnings season to a "gut check" on AI beneficiaries. But these drawdowns could offer opportunities for long-term investors to snatch up technology bets at bargain prices, said Nancy Tengler.

Persons: what's, behemoths, Street's, Gene Munster, Erika Klauer, Sean Sun, Paul Meeks, Nancy Tengler, Meeks, Klauer Organizations: Nasdaq, Reserve, Enphase, Lucid, ASML, Netflix, Apple, Microsoft, Devices, Nvidia, Tech, Thornburg Investment Management, Laffer, Investments, ServiceNow, Adobe, Broadcom, Oracle, Meta, Jennison, AMD

☆ Stocks enter October in a 2-month correction as traders question the economy's resilience
▼ + stars: | 2023-09-30 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

.SPX YTD mountain S & P 500 in 2023 The median stock in the index, though, is nearly 16% off its 52-week high and is flat year to date. The S & P also went nine straight sessions through Wednesday recording a lower low than the day before, something that had only happened a dozen times over the prior century, says SentimenTrader.com. But the raw numbers say the S & P 500 has dropped from 19.7-times the next 12 months' projection to 17.9-times in two months. The equal-weight S & P 500 is at 14.3-times forward earnings; it bottomed last October just under 13. The S & P 500's annualized total returns for the last three, five and ten years are all between 10-12%, slightly above the long-term average.

Persons: Bonds, Friday's, Johnson, handicapping, shutdowns Organizations: Federal Reserve, Treasury, Deutsche Bank, Target, American Express, Investment, CNN Locations: lockstep

☆ Don't fear the Fed: A top-ranked fund manager shares her strategy for profiting from companies set to still deliver stronger-than-expected earnings — including 7 stocks she's bullish on
▼ + stars: | 2023-09-28 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Rising interest rates were fending investors off technology stocks and into value. Instead, she's about identifying companies across various sectors that are embracing digitization to improve productivity in a tight labor market, where job openings outnumber available workers. "In a tight labor market historically, technology spending goes up and technology stocks outperformed," Tengler said. When Tengler bets on pure technology stocks, they must also have strong balance sheets. She's confident that these companies will be able to deliver strong earnings growth in a slowing economic environment.

Persons: Nancy Tengler, Jerome Powell, Tengler, Tengler wasn't, There's Organizations: Nasdaq, Federal Reserve, Laffer, Investments, Meta, Nvidia, Storage, Chipotle, Honeywell, Bureau of Labor Statistics, Broadcom, Palo Alto Networks, Microsoft Locations: Palo

☆ 'One of the cheapest stocks': Bank of America just upgraded these 3 luxury names in Europe
▼ + stars: | 2023-09-26 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Bank of America upgraded three luxury stocks that are bucking the negative trends afflicting the broader sector in Europe. The investment bank expects profit margins to decline by one percentage point for the sector even as third-quarter revenue is seen growing modestly. Meanwhile, the investment bank upgraded Ermenegildo Zegna and Pandora to buy, and Hugo Boss to neutral from underperform. The investment bank believes a similar pattern will likely emerge in Europe with spending on the continent peaking early this year. Despite Pandora shares' 45% rally this year, the Bank of America analyst still considers it "one of the cheapest stocks in all of Consumer Discretionary."

Persons: Prada, Tod, Pandora, Hugo Boss, Ashley Wallace, Wallace, Pandora Wallace Organizations: of America, Bank of America, underperform, Zegna Bank of America Locations: Europe, United States, U.S, China

☆ India's BJP, the world's biggest party, plots election drive of epic scale
▼ + stars: | 2023-09-26 | by ( Rupam Jain | ) www.reuters.com time to read: +9 min

[1/5] FILE PHOTO-Partha Chaudhury, 39, a worker of India's ruling Bharatiya Janarta Party (BJP), speaks with Reuters during the party's outreach program in Kolkata, India, May 30, 2023. "We want people to remember that the BJP knocked on their doors much before any opposition party worker did." "The BJP's challenge as the dominant national party is to manage voter fatigue and to sustain the enthusiasm among its cadres after two terms in power," Mehta added. "This time, the world's biggest party has launched the biggest-ever outreach to win the world's biggest elections." The BJP was beaten by a regional opposition party four years ago, even though it had strong support there, winning roughly 600,000 of the total 1.5 million votes cast.

Persons: Partha Chaudhury, India's, Avijit Ghosh, PM Modi, Chaudhury, Narendra Modi, It's, Tamoghna Ghosh, Modi, J.P, Nadda, Nalin Mehta, Mehta, isn't, Moitra, Mallikarjun Kharge, Long, Rupam Jain, Pravin Organizations: Bharatiya Janarta Party, BJP, Reuters, REUTERS, Party, PM, Bharatiya Janata Party, archrival Congress, UPES School of Modern Media, Trinamool, Krishnanagar, Pravin Char, Thomson Locations: Kolkata, India, KOLKATA, West Bengal, New Delhi, Uttarakhand, INDIA, India's, Calcutta

☆ We've been big believers in the secular bull market, says BofA's Stephen Suttmeier
▼ + stars: | 2023-09-26 | 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 EmailWe've been big believers in the secular bull market, says BofA's Stephen SuttmeierStephen Suttmeier, BofA Global Research chief equity technical strategist, joins 'Squawk Box' to discuss the latest technical analysis, overall market trends and forecast, and more.

Persons: Stephen Suttmeier Stephen Suttmeier Organizations: Global Research

People walk by the Federal Reserve Bank of New York in the financial district of New York City, U.S., June 14, 2023. REUTERS/Shannon Stapleton//File Photo Acquire Licensing RightsCompanies Federal Reserve Bank of New York FollowNEW YORK, Sept 25 (Reuters) - A judge on Monday dismissed a lawsuit accusing the Federal Reserve Bank of New York of illegally firing two longtime employees who claimed religious objections in refusing to be vaccinated against COVID-19. The New York Fed began requiring COVID-19 vaccines for all employees in August 2021. The New York Fed declined to comment. The case is Gardner-Alfred et al v Federal Reserve Bank of New York, U.S. District Court, Southern District of New York, No.

Persons: Shannon Stapleton, District Judge Lewis Liman, Lori Gardner, Alfred, Jeanette Diaz, Gardner, Diaz, Liman, John Balestriere, Alfred et, Jonathan Stempel, Aurora Ellis Organizations: Federal Reserve Bank of New, REUTERS, Federal Reserve Bank of New York, COVID, U.S, District, New York Fed, Catholic, New, Fed, Court, Southern District of, Thomson Locations: Federal Reserve Bank of New York, New York City, U.S, Manhattan, Bronx , New York, Bayonne , New Jersey, New York, COVID, Southern District, Southern District of New York

☆ Buy this luxury stock with more than 20% upside, Bank of America says
▼ + stars: | 2023-09-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Zegna has an impressive growth story within the luxury sector, and recent underperformance in the stock offers an attractive opportunity for investors, according to Bank of America. The firm upgraded the menswear designer's shares to buy from neutral Monday and increased its price target to $16.50, implying more than 20% upside from its Friday closing price. "We see one of the fastest earnings growth profiles and profitability improvement for Zegna in our Italian coverage," Bank of America analyst Ashley Wallace said in a note. Bank of America estimates sales densities may already be at a 35% improvement from 2021 and more than halfway toward the company's mid-term guidance, Wallace said. "Category transition into leisurewear is proving to be successful as the company sees traffic, conversion and average purchase value all contributing to growth."

Persons: Zegna, Ashley Wallace, Wallace, Tom Ford, Michael Bloom Organizations: Bank of America

☆ Energy is in a secular bull market, says Virtus Investment's Joe Terranova
▼ + stars: | 2023-09-25 | 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 EmailEnergy is in a secular bull market, says Virtus Investment's Joe TerranovaShannon Saccocia, chief investment officer at NB Private Wealth, Josh Brown, CEO at Ritholtz Wealth Management, Joe Terranova, Virtus Investment Partners chief market strategist, Bill Baruch, Blue Line Capital founder, join 'Halftime Report' to discuss what's next for the stock market as 10-year Treasury yield hits its highest level in sixteen years, the opportunities in the current market, and more.

Persons: Virtus, Joe Terranova Shannon Saccocia, Josh Brown, Joe Terranova, Bill Baruch, what's Organizations: Email Energy, Ritholtz Wealth Management, Virtus Investment Partners, Blue Line Capital

☆ Market seasonality is playing out almost perfectly as Wall Street feels discomfort
▼ + stars: | 2023-09-23 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

In fact, the S & P 500's now-6% decline from its cycle peak began almost too perfectly, exactly as the often-tough month of August got underway, continuing into September, the worst month for stock performance through history. Similar reassuring stats are spit out when accounting for years when the S & P 500 was up more than 10% through July, or for pre-election years. The S & P 500 was oversold by some short-term measures, such as fewer than 15% of S & P 500 stocks sitting above their 10-day average price. That makes sense for sure, though it has meant that the equal-weighted S & P 500 is up only 1% this year and has tentatively broken a multiyear uptrend, while small-cap stocks are suffering worse still. And even for the market-cap-weighted S & P 500, the forward P/E is down from nearly 20 to 18 since late July, as prices have fallen, and analysts' forecasts have continued to plod higher.

Persons: doesn't, Ryan Detrick, there's, Goldman Sachs, abetted, Jerome Powell, It's, Ed Clissold, Ned Davis, Clissold Organizations: Carson, Treasury, Fed, Ned, Ned Davis Research Locations: Friday's, U.S

☆ A fund manager at a $250 billion firm that aims to capture megatrends shares the top 10 stocks pulled from its 12 strategies
▼ + stars: | 2023-09-23 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Gertjan van der Geer, a senior investment manager at the firm, describes megatrends as large social, economic, political, environmental, or technological transformations that significantly impact the economy, society, cultures, or businesses. Additionally, five criteria must be met before Pictet creates a thematic fund, van der Geer said. When it comes down to picking the right basket of stocks, van der Geer noted that a company's fundamentals are key. And there are a few things that we are looking for in these companies," van der Geer said. And one of the key ways to improve our CO2 footprint globally is to reduce the unnecessary pollution," van der Geer said.

Persons: they're, Gertjan van der Geer, Pictet, van der Geer, It's, Van der Geer Organizations: Microsoft, Apple, Pictet, Management, Premium Brands, Security, Health, Schneider, Clean Energy, Nordisk, Asml, Roper Technologies, Kla Corp, Republic Services Locations: megatrends

☆ A key benchmark for smaller stocks could lose its 2023 gains, and that could mean trouble for bigger names
▼ + stars: | 2023-09-22 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Whether that's just simply relative PE or our more complicated relative valuation model," DeSanctis said. Still, he added that small caps have struggled to escape the headwinds from the regional banking crisis earlier in the year. How to play small caps There's one sector both Wolfe's Ginsberg and DeSanctis like when it comes to small caps: energy. He added that small caps in the cyclicals market have traded under 13 times earnings — and better than secular growth names. "I think a lot of stuff has already been priced into small cap stocks," said DeSanctis.

Persons: Russell, BTIG, Wolfe, Rob Ginsberg, Ginsberg, We're, Jefferies, Steven DeSanctis, that's, DeSanctis, Wolfe's Ginsberg, Michael Bloom Organizations: Nasdaq, Wolfe Research, Energy

☆ Here's a rapid-fire update on all 35 stocks in the Club's portfolio, including a new buy
▼ + stars: | 2023-09-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +12 min

Here's a rapid-fire update on all stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. But for investors who haven't bought into its steep pullback, it's reasonable to buy some shares at current levels around $146.50 each. Unless you believe inflation is going to keep raging, making Microsoft's price-to-earnings multiple too high, then this stock is a buy. Nvidia (NVDA): Investors who don't own Nvidia yet should use its recent weakness to start a position, Jim said. Pioneer Natural Resources (PXD): We decided to buy additional Pioneer shares Thursday as the stock fell more than 2%.

Persons: Jim Cramer's, Jim, Amazon, he's, could've, We're, Jefferies, it's, we'd, Dupont De Nemours, That's, Dupont, Danaher, Bob Iger, Estee Lauder, haven't, Locker, Marry Dillon, Leqembi, Eli Lilly's donanemab, Vimal Kapur, Eli Lilly, Mark Zuckerberg, Morgan Stanley, Morgan, we're, James Gorman, Oracle, Safra Catz, Elliott, Stanley Black, Decker, TJ Maxx, Wells Fargo, Wells, Wynn, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Web Services, Broadcom, Google, Bausch Health, Health, Caterpillar, Costco Wholesale, Costco, Coterra Energy, Coterra, Emerson, National Instruments, Ford, United Auto Workers, GE Healthcare, Honeywell International, Honeywell, Linde, LIN, Mounjaro, Meta, Microsoft, Nvidia, Oracle, Palo Alto Networks, Procter & Gamble, Natural Resources, Starbucks, Constellation Brands, Constellation, Elliott Management, TJX, Marshalls, Wynn Resorts, WYNN Locations: China, India, Dupont, Emerson, Meta, Beijing, HomeGoods

☆ Morgan Stanley says AI and gig work could add $400 billion to the economy by 2030. Here are the 4 buy-rated stocks that will benefit, and the brands that could be challenged.
▼ + stars: | 2023-09-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

A survey conducted by the investment bank showed that younger or college-educated respondents believed that generative AI could help alleviate some of these gaps. The survey also showed that AI tools are making gig work more profitable. Those turning to the technology reported a 21% boost in income from using generative AI relative to their peers who didn't use it. Amazon (AMZN) is helping lay the foundation for developers and enterprises to build generative AI applications through its platform Bedrock, accessible through its web services cloud. Below is an extended table that shows the brands Morgan Stanley believes will benefit or be challenged by the intersection of gig work and generative AI.

Persons: Morgan Stanley, Gen Z, X, Gen, Morgan Stanley's, they've, Morgan, Keith Weiss, Phillips, Brian Nowak, Gary Yu, Yu Organizations: IBM Locations: Bridgewater, Booking.com

☆ Reactions: Media mogul Rupert Murdoch steps down as chairman of Fox, News Corp
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +5 min

Sept 21 (Reuters) - Media mogul Rupert Murdoch, 92, has stepped down as the chairman of Fox Corp (FOXA.O) and News Corp (NWSA.O), ending a more than seven-decade career in which he created an empire spanning from Australia to the United States. His son, Lachlan Murdoch, will become the chairman of News Corp and continue as the chair and CEO of Fox, the companies said on Thursday. The transition cements Lachlan's role as the leader of the media empire, putting to rest questions of succession within the Murdoch family. His son Lachlan Murdoch is seasoned and capable of running the business, but of course there's no replacement for someone like the chairman, Rupert Murdoch, who founded the company and built it over decades." "The media world is unrecognisable from the one he stepped into seventy years ago and the decision to scrap plans to reunite his empire must have smarted."

Persons: Rupert Murdoch, Lachlan Murdoch, Murdoch, BRIAN WIESER, Lachlan, MICHAEL ASHLEY SCHULMAN, Smartmatic, Rupert Murdoch's, JASON BENOWITZ, I'm, DANNI HEWSON, AJ BELL, he's, Mary Berry, he'll, RILEY, THOMAS HAYES, Wise, MATTHEW TUTTLE, ED MOYA, Aditya Soni, Samrhitha, Mayur, Ananya Mariam Rajesh, Arun Koyyur Organizations: Media, Fox Corp, News Corp, Fox, MADISON, WALL'S, Dominion, HOGAN, TUTTLE, MSNBC, Thomson Locations: Australia, United States, Bengaluru

☆ Opinion: It’s not just about its colonial past. Here’s what India’s possible name change is all about
▼ + stars: | 2023-09-20 | by ( Opinion Akanksha Singh | ) edition.cnn.com time to read: +8 min

The idea, we Indians were told each time, was to allow the nation to make a clean break once and for all with its colonial past. The question on the minds of many people who follow events in India, is why any name change would be needed. It’s an opportunity to double down on India’s Hindu identity, even in the name by which it is called. The debate is a live one, however: Some disagree, saying that no amendment to the constitution would be needed to change India’s name. Do the country’s Indian Institutes of Technology become BITs?

Persons: Akanksha Singh, Singh, Droupadi Murmu, Bharat, Narendra Modi’s, Bharat ”, Modi, It’s, Akbar, Deen Dayal, Modi’s, Rahul Gandhi, Reserve Bank of India –, I’ve, ” Encouragingly Organizations: BBC, Independent, South China Morning Post, CNN, Mumbai CNN, Modi’s Bharatiya Janata Party, BJP, Bharat, Reserve Bank of India, Institutes of Technology, India, United Nations Locations: Mumbai, South China, India, Calcutta, Kolkata, Bombay, Madras, Chennai, Allahabad, Manipur

☆ Here are Wednesday's biggest analyst calls: Apple, IBM, Disney, Amazon, Instacart, Nike, Boeing and more
▼ + stars: | 2023-09-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are the biggest calls on Wall Street on Wednesday: Morgan Stanley reiterates Apple as overweight Morgan Stanley said its iPhone survey checks show that China is a "bright spot." Needham initiates On Holding as buy Needham said the shoe manufacturer is one of the "fastest growth stories" in retail. Needham initiates Lululemon as buy Needham said in its initiation of Lululemon that it has "superior growth characteristics." Morgan Stanley downgrades Zebra Holdings to underweight from equal weight Morgan Stanley said the turnaround is taking longer than expected for the computer printing tech company. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said Amazon's Tuesday announcement of seasonal hires is a "bullish leading indicator for expected continued retail share gains."

Persons: Morgan Stanley, Apple, Needham, Lululemon, Oppenheimer, Chewy, Bernstein, SVB, Jefferies, Instacart, Rosenblatt, Sonos, Goldman Sachs, Morgan Stanley downgrades nCino, it's, D.A, Davidson, Wedbush Organizations: Apple, UBS, Nike, Microsoft, RBC, IBM, JPMorgan downgrades, JPMorgan, Boeing, Citi, Citizens, FDIC, Health, America, Azul, Holdings, UW, " Bank of America, Disney, Bank of America, DIS Locations: China, SVB, U.S, Germany, Great Britain, France

☆ Side hustles could become a $1.4 trillion industry by 2030 thanks to ChatGPT and AI, Morgan Stanley says
▼ + stars: | 2023-09-20 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

ChatGPT could transform side hustles into a $1.4 trillion industry, according to Morgan Stanley. "Multi-earning has evolved into a secular growth theme, with generative AI the differentiator," strategists said. The bank said generative AI will boost gig workers' income by $83 billion, or 21%, in its base-case scenario, and by $300 billion in its bull-case outcome. Insider has previously reported on how gig workers have used OpenAI's intelligent language tool to plan vacations for clients, make pitch decks for startups, and generate marketing articles. This isn't the first time Morgan Stanley has backed AI to fuel trillions of dollars' worth of economic growth.

Persons: Morgan Stanley, Edward Stanley, Leonardo Sousa, ChatGPT Organizations: Service Locations: Wall, Silicon

☆ China's macro backdrop has investors worried. Here are some stocks that could be safe from any weakness
▼ + stars: | 2023-09-20 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

A lackluster economic backdrop in China shouldn't keep Wall Street from buying opportunities in the world's second-largest economy, some investors say. Consumer growth bets Kirby named Yum China as one quality stock idea. He also expects Yum China could still benefit from a rebound in consumer spending in China. It's a spending category the fund manager doesn't expect will suffer from any weakness in the macro backdrop. Yum China is higher this year by more than 4%.

Persons: Ben Kirby, Kirby, Duke, It's, James Donald, Thornburg's Kirby Organizations: Thornburg Investment Management, KFC, Technology, doesn't, Lazard Investment, Lenovo Locations: China, Beijing, Botox, U.S

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