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☆ Friday's analyst calls: Street reacts to Apple buybacks and Coinbase earnings
▼ + stars: | 2024-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +12 min

Analyst Scot Ciccarelli upgraded the retailer to buy from hold and raised his price target by $6 to $86. — Alex Harring 6: 22 a.m.: Here's what Wall Street thinks of Coinbase's earnings Coinbase's stronger-than-expected earnings have prompted analyst reactions. Barclays' Benjamin Budish (underweight, $179 price target unchanged, 21.8% downside): "The biggest question going forward is, how sustainable are these trends? — Alex Harring 6:12 a.m.: Wall Street reacts to Apple earnings Apple's buyback announcement has caught the eye of Wall Street analysts. Analyst Benjamin Nolan upgraded the railroad stock to buy from hold and increased his price target by $19 to $267.

Persons: Morgan Stanley, Jefferies, Bernstein, Aneesha Sherman, Sherman, — Alex Harring, Truist, Scot Ciccarelli, Ciccarelli, Ollie's, Estee Lauder, Dara Mohsenian, Mohsenian, Alex Harring, FactSet, Coinbase, what's, —, Goldman Sachs, Will Nance, Benjamin Budish, Oppenheimer's Owen Lau, JPMorgan's Samik Chatterjee, Morgan Stanley's Erik Woodring, Michael Ng, bullish, George Notter, Notter, We've, it's, Stifel, Benjamin Nolan, Nolan, — Alex Harring —, Michael Bloom Organizations: CNBC, Arista and Union Pacific, Apple, Arista, FactSet, Barclays, Bloomberg, ASU, Street, Services, Jefferies, Arista Networks, Nvidia, Microsoft, Meta, Pacific, Union Pacific Locations: F3Q, China, Thursday's

Analysts are boosting their estimates for a handful of companies that are set to report quarterly results next week. CNBC Pro screened FactSet data to find stocks poised for upside, as well as stocks that have also seen analysts increase their estimates on earnings per share. Analysts have increased their three-month earnings per share estimates by nearly 8%, while average price targets have climbed 23.3%. DIS YTD mountain Disney stock. Analysts have increased earnings estimates and price targets over the past three months by nearly 15% and 45%, respectively.

Persons: Walt Disney, FactSet, Wells, Steven Cahall, Rideshare, Uber, Justin Post, CEG, Sophie Karp Organizations: CNBC, Entertainment, Walt, Analysts, Disney, Uber Technologies, Bank of America, Wall, Constellation Energy Locations: Wells Fargo

A handful of stocks are entering or about to enter the worrisome so-called death cross. A death cross can also be indicative of a forthcoming bear market pattern. Intel Intel disappointed Wall Street's first-quarter expectations last week, when it posted a beat in earnings per share but came up light in revenue. McDonald's McDonald's has also drawn a death cross. CVS Health Unlike the other two names, CVS Health is nearing a death cross.

Persons: Wall Street's, Goldman Sachs, Toshiya Hari, McDonald's, Kevin Caliendo, Caliendo Organizations: Intel, CNBC, Intel Intel, Nvidia, CVS Health, CVS, UBS Locations: Gaza, mgt

☆ Pro Talks: How to profit from Warren Buffett's methods in investing and life
▼ + stars: | 2024-05-03 | by ( Yun Li | Dominic Chu | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPro Talks: How to profit from Warren Buffett's methods in investing and lifeCNBC's Dominic Chu interviews Berkshire investor Bill Stone, the CIO at Glenview Trust Company, in this special CNBC Pro Talk ahead of the 2024 Berkshire annual shareholders meeting. CNBC Pro's Yun Li also joins to preview Berkshire's annual meeting and what investors can expect from the Oracle of Omaha.

Persons: Warren, CNBC's Dominic Chu, Bill Stone, Yun Li Organizations: Glenview Trust Company, CNBC, Berkshire, Oracle Locations: Berkshire, Omaha

☆ These stocks reporting next week often beat estimates and rally
▼ + stars: | 2024-05-02 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Some stocks set to report quarterly results next week could be poised for a noteworthy move going by their history. Specifically, we looked for stocks that have surpassed earnings per share forecasts, on average, at least 75% of the time. Then we further culled the list by looking for stocks that also posted at least a 2% move, on average, following that beat. Datadog has an unblemished record of surpassing analyst estimates for quarterly results, and has seen its stock move up nearly 4% following earnings. Other names on the list reporting results next week include Fabrinet and Trex .

Persons: RingCentral, Wells, Andrew Nowinksi Organizations: Apple, CNBC, Investment, FactSet, Dine Brands, Dine Locations: Wells Fargo

☆ Thursday's analyst calls: Discount retailers upgraded, more good news for Carvana, tough outlook for CVS
▼ + stars: | 2024-05-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +8 min

Thursday's analyst calls feature upgrades to discount retailers TJX and Burlington and used car outlet Carvana, while there was more bad news for CVS Health following a tough earnings report Wednesday. He also raised his price target to $130 from $70, or 49.2% above Wednesday's close price. He lowered his price target by $25 to $60, or just 5.6% higher from Wednesday's close price. Analyst Jay Sole also lifted his price target to $132 from $104, indicating nearly 41% upside from Wednesday's close. He raised his price target to $212 from $126, suggesting shares could gain 19.1% from where they closed Wednesday.

Persons: Morgan Stanley, Joseph Moore, Moore, Samik Chatterjee, Chatterjee, Tal Liani, Liani, — Hakyung Kim, JPMorgan Carvana, Rajat Gupta, Gupta, Kevin Caliendo, Caliendo, Jay Sole, Sole, BURL, — Hakyung Kim —, Michael Bloom Organizations: CNBC, CVS Health, UBS, CVS, JPMorgan, Qualcomm, Wall Street, Samsung, Huawei, Edge, headwinds, " Bank of America, Microsoft, Burlington Discount, TJX Companies, Burlington Stores, Burlington Locations: Burlington, Carvana, CY24, seasonality, optionality, Maxx

☆ Watch Thursday's full episode of the Halftime Report — May 2, 2024
▼ + stars: | 2024-05-02 | 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 EmailWatch Thursday's full episode of the Halftime Report — May 2, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ Only 2 stocks in Europe have beaten estimates for 5 quarters and rallied each time
▼ + stars: | 2024-05-01 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Only two European stocks have positively surprised markets every quarter for the past five quarters, according to analysis by CNBC Pro. CNBC Pro screened for stocks that report EPS figures and have analysts' estimates available on FactSet. Most recently, on Feb. 5, the company beat earnings estimates by 6.1% and shares rallied more than 8% in the following session. Four quarters ago, the stock rallied by 12.8% in a single session following earnings. Many banking stocks, such as France's Societe Generale , Spain's Banco de Sabadell , Germany's Commerzbank and Sweden's Swedbank , beat earnings-per-share estimates over the past five quarters.

Persons: UniCredit, Germany's, Sweden's Organizations: CNBC Pro, Portugal's Banco Comercial Portugues, Generale, Spain's, Sabadell, Deutsche Bank, CNBC Locations: Europe, Milan

☆ Earnings playbook: Beware of these stocks reporting soon where analysts are slashing their earnings expectations
▼ + stars: | 2024-05-01 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

NRG has run up about 40% this year, and is sitting within 2% of the average price target from analysts. This is especially notable given that the average analyst target has risen nearly 75% over the past six months. Match Group also made the list, with the average analyst earnings per share estimate falling more than 16% over the last three months. The average analyst price target for Match has fallen by almost 18% over the past six months given that sell-off. But that average price target still implies upside of around 40%, per FactSet, which underscores the magnitude of its recent slide.

Persons: Gordon, Haskett's Don Bilson, Bilson, FactSet Organizations: CNBC Pro, NRG Energy, NRG Locations: Texas

☆ Watch Wednesday's full episode of the Halftime Report — May 1, 2024
▼ + stars: | 2024-05-01 | 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 EmailWatch Wednesday's full episode of the Halftime Report — May 1, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ Wednesday's analyst calls: Amazon draws praise, 3M finds some support, Starbucks cut
▼ + stars: | 2024-05-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +8 min

JPMorgan analyst Vivek Juneja upgraded the regional bank stock to an overweight rating from neutral, simultaneously lifting his price target to $39.50 from $37.50. — Lisa Kailai Han 6:27 a.m.: Deutsche Bank downgrades Starbucks after disappointing quarterly earnings Starbucks could feel some near-term pressure, according to Deutsche Bank. Analyst C. Stephen Tusa also raised his price target to $111 from $110, implying that shares of 3M could rally 15% from here. 3M stock has added nearly 6% so far in 2024, but the stock is still trading at an attractive valuation given the company's characteristics, Tusa said. Amongst the group, JPMorgan analyst Doug Anmuth has the highest price target of $240, which implies that Amazon stock could rally another 37% from here.

Persons: Vivek Juneja, Juneja, — Lisa Kailai Han, Samik Chatterjee, Chatterjee, Lauren Silberman, Silberman, Lisa Kailai Han, Stephen Tusa, Tusa, 3M's, Morgan Stanley, Doug Anmuth, Anmuth, — Lisa Kailai Han — CNBC's Michael Bloom Organizations: CNBC, JPMorgan, Starbucks, Deutsche Bank, Fifth, Bancorp, Logitech, 3M, Barclays, Bank of America, Amazon, Services, Wall Street, — Locations: China

☆ Tuesday's analyst calls: Nvidia to get a boost from new chip, Ralph Lauren poised to jump
▼ + stars: | 2024-04-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +9 min

Tuesday's analyst calls focused on red-hot tech giant Nvidia, which is seen as benefitting from the release of its new Blackwell chip, the GB200. 7:02 a.m.: Deutsche Bank sees 33% upside for Live Nation on strong fundamentals Strong fundamentals could spell further upside for shares of Live Nation Entertainment , according to Deutsche Bank. Soff also applauded the company for expanding into new add-on services, including providing upselling opportunities and selling advertising on the Live Nation app. Although a potential regulatory investigation could curtail the stock, Soff doesn't believe that Live Nation stock will ultimately take much damage. 6:03 a.m.: Jefferies initiates Ralph Lauren at a buy, sees momentum with younger consumers Ralph Lauren is shaping up to be a quality growth stock, according to Jefferies.

Persons: Blackwell, Jefferies, Ralph Lauren, Benjamin Soff's, Soff, shouldn't, — Lisa Kailai Han, Airbnb, James Lee, Lee's, headwinds, Brent Thrill, Ashley Helgans, Ralph Lauren's, Helgans, Taylor Swift, Timothy Acuri, Acuri, Hopper, — Lisa Kailai Han — CNBC's Michael Bloom Organizations: CNBC, Nvidia, UBS, Deutsche Bank, Nation, Live Nation Entertainment, Mizuho, Paris, tailwinds, Paris Olympics, Chegg, Blackwell, Microsoft, Oracle Locations: Europe

All eyes remain on tech stocks this week, with Amazon and Apple due to release their earnings after the market closes on Tuesday and Thursday, respectively. After a strong rally to start the year, tech stocks have wavered in recent weeks as investor concerns of lofty valuations bubbled to the surface. Investors can still find opportunities in the form of tech stocks that pay a dividend and have a runway for growth. The stock's 2% dividend yield is higher than the S & P 500's 1.3%. With a dividend yield of 1.6%, Broadcom also made the list.

Persons: Oppenheimer Organizations: Google, Amazon, CNBC Pro, Qualcomm, Benchmark, Oracle, Analysts, Broadcom, Barclays Locations: Nashville , Tennessee

☆ This emerging market fund has outperformed over 1, 5 and 10 years. Here's how
▼ + stars: | 2024-04-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

The global emerging markets fund managed by Aubrey Capital has achieved impressive returns over the past decade. This approach has helped the Aubrey Global Emerging Markets Opportunities Fund to post returns of 13.8% over the past year, nearly double the MSCI Emerging Market Index 's 8.2% gain. Aubrey's investment approach is based on its Global Emerging Markets Strategy , which oversees nearly $600 million of assets. Out of about 2,000 consumer-facing companies in the emerging markets universe, Aubrey is only invested in about 35. Nearly half the Aubrey Global Emerging Markets Opportunities Fund is invested in India.

Persons: Aubrey Capital, Mark Martyrossian, Aubrey, Martyrossian, Taiwan's, It's, Varun Organizations: Aubrey, CNBC, Aubrey Global, Fund, Global, PepsiCo, Companies, Arca Continental, Burger King, Arcos Dorados, DLF Locations: Turkey, South Africa, Hong Kong, China, India, United States, Mexico, Brazil, Delhi, Mumbai

☆ Watch Tuesday's full episode of the Halftime Report — April 30, 2024
▼ + stars: | 2024-04-30 | 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 EmailWatch Tuesday's full episode of the Halftime Report — April 30, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ Watch Monday's full episode of the Halftime Report — April 29, 2024
▼ + stars: | 2024-04-29 | 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 EmailWatch Monday's full episode of the Halftime Report — April 29, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

As the busy first-quarter earnings season moves along, several stocks still set to report could be due for big swings. First-quarter earnings have boosted stocks this week, as more than 77% of companies in the S & P 500 have exceeded analysts' expectations, according to FactSet. The S & P 500's year-over-year earnings growth for the first quarter is running at about 5.6%, according to Friday data from LSEG . The names on tap range from big-name AI plays Super Micro Computer and Amazon to health-care giants such as Moderna . Chipmakers Super Micro Computer and Advanced Micro Devices could also see some major moves this week, as they could rise or fall as much as 12.6% and 7.4%, respectively.

Persons: Curtis Nagle, Nagle, Samik Chatterjee, Goldman Sachs, Pinterest Organizations: Dow Jones, Computer, Moderna, CNBC Pro, Bank of America, TikTok, JPMorgan, Super Locations: chipmakers

☆ Monday's analyst calls: Apple gets a big upgrade, headwinds seen for Lululemon and Tesla
▼ + stars: | 2024-04-29 | by ( Brian Evans | ) www.cnbc.com time to read: +5 min

Monday's analyst calls included an upgrade to Apple and a move in the opposite direction for athleisure giant Lululemon and electric car marker Tesla. The firm downgraded Ulta stock to equal weight from overweight, and lowered its price target to $434 per share from $612. — Brian Evans 6:30 a.m. Evercore slashes Tesla price target Evercore ISI says its forecast for Tesla stock is due for an update as headwinds from the start of the year converge and pressure the electric vehicle company. Apple stock has pulled back 12.1% in 2024 but was up 1.7% in premarket trading Monday. Lululemon stock has slipped nearly 29% in 2024 and was off 1.9% premarket Monday.

Persons: Bernstein, Toni Sacconaghi, Barclays downgrades Ulta, Adrienne Yih, Yih, — Brian Evans, Chris McNally, McNally, Bernstein's Toni Sacconaghi, Sacconaghi, Barclays downgrades Lululemon, headwinds, LULU Organizations: CNBC, Apple, Tesla, Barclays, ISI Locations: China, Friday's, Mexico

☆ Apple and Tesla relief rallies could have further to go, according to the charts
▼ + stars: | 2024-04-29 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

While short-term rallies are in place for AAPL and TSLA, they are both challenged longer term from a technical perspective. —Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.

Persons: Tesla, Elon Musk, TSLA, AAPL, Katie Stockton Organizations: Apple Inc, Tesla Inc, Fairlead, CNBC Pro, Securities

☆ HSBC wealth investor is convinced four secular themes will keep the U.S. economy humming along
▼ + stars: | 2024-04-28 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

A handful of drivers will keep the American economy humming along, said Jose Rasco, chief investment officer of the Americas at HSBC's wealth division. On the cyclical front, Rasco expects growth to cool as the effects of higher rates become fully felt. "Those four themes suggest to me that's how we avoid recession," said Rasco, a Lehman Brothers and Merrill Lynch alum. Bonus: Presidential election year While not exactly an investment trend, Rasco also noted that a big part of his short-term optimism toward U.S. stocks stems from the looming presidential election. Data shows U.S. stocks tend to outperform in presidential election years.

Persons: Jose Rasco, Rasco, Merrill Lynch, it's Organizations: Federal Reserve, CNBC Pro, Federal, Lehman Brothers, U.S, U.S . Research, BlackRock, HSBC Asset Management Locations: New York City, Americas, China, Mexico, U.S

☆ Earnings playbook: Your guide to the busiest week of the season, including Apple and Amazon
▼ + stars: | 2024-04-28 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

It's the busiest week of the earnings season, and it could have major consequences for the stock market. This quarter: The fast-food giant is expected to report single-digit earnings and revenue growth from the year-earlier period, LSEG shows. Amazon is set to report earnings after the close. What history shows: Pfizer earnings beat earnings expectations 87% of the time, per Bespoke. Thursday Apple is set to report earnings after the bell.

Persons: Jeffrey Bernstein, Bernstein, JPMorgan's Andrea Teixeira, Teixeira, AMZN, Joseph Feldman, Feldman, AAPL, —, Apple Organizations: Apple, Pfizer, IBM, CNBC, Barclays, Investment, Management, AWS, Amazon, pharma, Food and Drug Administration, UBS Locations: China

☆ These stocks reporting results next week have earnings momentum at their back, and are well liked by analysts
▼ + stars: | 2024-04-27 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Some of Wall Street's favorite stocks are due to report their latest earnings in the week ahead. As of Friday, 77% of companies that have reported topped analyst estimates for their quarterly earnings, according to FactSet. To find stocks reporting next week that might see a post-earnings rise in valuation, CNBC Pro screened for names that Wall Street analysts recommend and that have earnings momentum at their back. Mastercard has seen earnings estimates rise by 12% in the past three months, and 20% over the past six months. Analysts have raised the Silicon Valley real estate investment trust's earnings estimates by 29% over the past three and six months.

Persons: Wall, FactSet, Ronald Josey, Josey, GenAI, TD Cowen, Bryan Bergin, Equinix, —, Fred Imbert Organizations: Dow Jones, CNBC Pro, Wall, Companies, Amazon Web Services, UBS, Citi, Mastercard

☆ Buy the dip on tech stocks like Apple and Nvidia ahead of earnings, Morgan Stanley says
▼ + stars: | 2024-04-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

There's still plenty of big tech-related stocks to buy ahead of earnings, Morgan Stanley said recently. The firm said investors should buy the weakness in stocks like Nvidia and Apple before the companies deliver their quarterly results. CNBC Pro combed through Morgan Stanley research to find stocks the firm likes as earnings season continues. Nvidia The firm said it's standing by shares of the AI chipmaker ahead of earnings in late May. Fortinet Fortinet is scheduled to report earnings on May 2 and Morgan Stanley continues to pound the table for the stock.

Persons: Morgan Stanley, Joseph Moore, NVDA, Moore, Meta Marshall, Keysight, Marshall, Fortinet Fortinet, Hamza Fodderwala, he's, Fodderwala, Fortinet, Dell, Q, Q revs, we'd Organizations: Nvidia, Apple, CNBC, Dell, Keysight Technologies, Apple's, NVIDIA

☆ Watch Friday's full episode of the Halftime Report — April 26, 2024
▼ + stars: | 2024-04-26 | 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 EmailWatch Friday's full episode of the Halftime Report — April 26, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ Alphabet and Chipotle are among the most overbought names on Wall Street. Here are the others
▼ + stars: | 2024-04-26 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

CNBC Pro used its stock screener tool to identify the most overbought and oversold stocks on Wall Street as measured by their 14-day relative strength index, or RSI. Stocks with a 14-day RSI above 70 are said to be overbought, indicating that shares might soon turn lower. On Thursday, the technology giant posted a first-quarter earnings and revenue beat as its Google Cloud and YouTube advertising revenue outpaced expectations. On the other hand, Ulta Beauty , with an RSI of 21, is one of the most oversold stocks on Wall Street. IBM stock slipped this week after the company posted better-than-expected first-quarter earnings but missed on revenue.

Persons: Jefferies, Ashley Helgans, J.B, Fred Imbert Organizations: Microsoft, CNBC Pro, Google, Hasbro, Hunt Transport Services, Tech, International, Machines, IBM

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