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☆ iPhone 15 isn't going to reignite Apple's stock, says D.A. Davidson's Tom Forte
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailiPhone 15 isn't going to reignite Apple's stock, says D.A. Davidson's Tom ForteTom Forte, DA Davidson managing director and senior research analyst, joins 'Squawk on the Street' to discuss Apple's 'neutral' price target and potential risks to the stock.

Persons: Davidson's Tom Forte Tom Forte, DA Davidson

☆ Stocks making the biggest moves midday: Nvidia, Peloton, Foot Locker, Dick's Sporting Goods and more
▼ + stars: | 2023-08-23 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Nvidia has been one of the biggest winners on the back of the AI boom with shares rising nearly 220% this year. Peloton reported a loss of 68 cents per share, versus the 38-cent loss per share expected by analysts polled by Refinitiv. Foot Locker — The athletic retailer plunged 33% after cutting its outlook again for the year and suspending its quarterly dividend. Advanced Auto Parts — Advance Auto Parts rose 1% after beating analysts' revenue expectations for its second quarter. The auto retail company reported revenue of $2.69 billion, greater than the consensus estimate of $2.66 billion, according to Refinitiv.

Persons: Locker, Fitch, Abercrombie, Charles Schwab —, Schwab, Oppenheimer, Brown, Forman —, Morgan Stanley, Avery Dennison, Davidson, Safehold, Goldman Sachs, Goldman, it's, Shane O'Kelly, — CNBC's Hakyung Kim, Samantha Subin, Yun Li, Sarah Min, Jesse Pound Organizations: Nvidia, Refinitiv . Revenue, Dick's, Goods, Abercrombie, Pharmaceuticals, Nike —, Urban Outfitters, Refinitiv, Revenue, Netflix, Bank of America, UBS, DA, Marvell Technology, Susquehanna Locations: Louisiana, Pacific

☆ Next challenge for Target is getting the holiday season right, says D.A. Davidson's Michael Baker
▼ + stars: | 2023-08-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNext challenge for Target is getting the holiday season right, says D.A. Davidson's Michael BakerMichael Baker, D.A. Davidson managing director and senior research analyst, joins 'Squawk Box' to discuss Target's quarterly earnings results, Q2 retail trends, and more.

Persons: Davidson's Michael Baker Michael Baker, D.A, Davidson Organizations: Target

That has made it tricky to predict consumer spending. The swirl of confusing trends tees up a closely watched retail earnings season that could offer more clarity about consumers and the economy. As inflation cools, the growth of average hourly earnings has begun to outpace the rise in the consumer price index. He called low unemployment "the big offset that's helped consumer spending hang in." "I thought with all of the revenge travel that's been happening, that would impact consumer spending on goods," she said.

Persons: Aditya Bhave, that's, Andrew Garthwaite, That's, Levi Strauss, Chip Bergh, Michael Baker, Davidson, splurge, Baker, Taylor Swift, Davidson's Baker, Nikki Baird, she's, I'm, Corie Barry, headboards Organizations: Getty, Bank of America, Target, Walmart, JPMorgan, Wall, Federal Reserve, Credit Suisse, U.S, of Labor Statistics, CNBC, . Bureau, Labor, D.A, New York Federal Reserve, Federal Reserve Board Locations: Waterbury , Connecticut, U.S, Italy

☆ Here’s the trade on Rivian ahead of earnings, according to top analysts
▼ + stars: | 2023-08-08 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

After weaker-than-expected quarterly results from luxury electric vehicle maker Lucid , analysts are now turning their attention to rival Rivian . Analysts polled by FactSet are forecasting an adjusted loss of $1.43 per share on $1.1 billion in revenue. Still, analysts remain bullish on Rivian ahead of its earnings release. Meanwhile, Morgan Stanley's Adam Jonas reiterated an overweight rating on Rivian in a July 7 note, accompanied by a $24 per share price target. Elsewhere, DA Davidson's Michael Shlisky is neutral on Rivian after an upgrade from underperform July 5, with an $18 per share price target that equates to about 26% downside.

Persons: Rivian, Needham's Chris Pierce, Pierce, Morgan Stanley's Adam Jonas, Jonas, Vijay Rakesh, Rakesh, Michael Shlisky, Mercedes EQB, Shlisky, — CNBC's Michael Bloom Organizations: FactSet, Wall, EV, Mizuho Securities

☆ Hero MotoCorp receives over 25,000 bookings for India-made Harley-Davidson
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +1 min

A Harley Davidson X440 bike is displayed in this handout image obtained by Reuters on July 18, 2023. Hero MotorCorp/Handout via REUTERS/File PhotoBENGALURU, Aug 8 (Reuters) - Indian bike maker Hero MotoCorp (HROM.NS) on Tuesday said it received over 25,000 bookings for the world's cheapest Harley Davidson motorcycle, sending shares up over 3%. The company said 65% of the bookings for the X440 were for the motorcycle's top-end variant, priced at 269,000 rupees. Hero, the world's largest motorcycle maker by sales, said in a statement it will begin production of the X440 in September and begin deliveries from October. ($1 = 82.8050 Indian rupees)Reporting by Kashish Tandon in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: Harley Davidson, Hero MotorCorp, MotoCorp, Harley, Hero, Kashish Tandon, Varun Organizations: Reuters, REUTERS, Thomson Locations: Handout, BENGALURU, India, Bengaluru

☆ The pullback in Apple is appropriate and will likely continue, says D.A. Davidson's Tom Forte
▼ + stars: | 2023-08-08 | 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 pullback in Apple is appropriate and will likely continue, says D.A. Davidson's Tom ForteTom Forte, Managing Director and Senior Research Analyst at D.A. Davidson, discusses Apple's two-day slide since the company reported earnings.

Persons: Davidson's Tom Forte Tom Forte, Davidson Organizations: D.A

☆ This software stock more than doubled on the back of A.I. mania. Here's why Wall Street expects the rally to fade
▼ + stars: | 2023-07-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Shares of Palantir have surged 181% this year as investors bet on its potential in the booming artificial intelligence race. The company, founded in 2003, is already making strides in AI, even lending its tools to hospitals . In its latest earnings release in early May, CEO Alex Karp called demand for Palantir's AI platform, which allows commercial and government sectors to use LLMs with their own private data, "without precedent." While some analysts see promise in Palantir's AI capabilities, many remain cautious on the immediate profit contribution of the technology and view the stock as ripe for a pullback. In a note to clients in May, Morgan Stanley's Keith Weiss noted that the rally in Palantir shares and premium valuation creates an unfavorable near-term risk-reward.

Persons: Palantir, Alex Karp, Malik Ahmed Khan, Davidson's Gil Luria, Raymond James, Brian Gesuale, Morgan Stanley's Keith Weiss, Karp, Morningstar's Khan, Mizuho's Matthew Broome, Davidson's Luria, — CNBC's Michael Bloom Organizations: Wall, Nvidia, billings Locations: Denver

☆ June inflation data will be closely watched by investors in the week ahead
▼ + stars: | 2023-07-07 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Investors are turning their attention to inflation data in the week ahead, following this week's hot jobs data, to further clarify the path of future monetary policy. Market participants are hoping next week's release of the June consumer price index on Wednesday, as well as last month's producer price index on Thursday, will show a downward trajectory in inflation after this week's strong ADP data spurred investor fears of further rate hikes ahead. Broadly speaking, investors are pricing in another quarter point rate hike at the July meeting. Of note, stocks tumbled Thursday after hotter-than-expected ADP data suggested the Federal Reserve has further to go in its tightening campaign. FactSet data shows analysts expect S & P 500 earnings fell 7% in the second quarter against the same quarter a year ago.

Persons: James Ragan, Davidson, Hogan, Rhys Williams, Williams, you've, Davidson's Ragan, Citigroup startegists, Wells, UnitedHealth, Michael Barr Organizations: Traders, Federal Reserve, Riley, Dow Jones Industrial, Treasury, Asset Management, JPMorgan, Citigroup, JPMorgan Chase, BlackRock, Dow, PepsiCo, Delta Air, Conagra, Delta Air Lines, Fastenal Locations: Wells Fargo, Cintas, UnitedHealth

☆ What Apple's entry into virtual reality means for the future of Meta Platforms and the metaverse
▼ + stars: | 2023-06-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Meta Platforms ' vision to sell a future where people work, play and mingle in a virtual world may finally be getting its long-overdue validation thanks to an unlikely partner. Apple on Monday unveiled its highly anticipated mixed reality product, known as Vision Pro , at its annual Worldwide Developers Conference . So confident in the bright future of the metaverse, Facebook rebranded itself as Meta Platforms in 2021 to better reflect its vision beyond social media. More than a year and a half later Apple's metaverse entry may finally offer the much-needed support to Meta's overambitious vision, and lure once skeptical investors back to the virtual world. With the company — and metaverse vision — so dependent on consumer adoption, this creates a difficult near-term setup, Meeks said.

Persons: It's, Mark Zuckerberg, Gucci, Meta's, Gene Munster, Wall, Paul Meeks, JPMorgan's Samik Chatterjee, Advisors Capital Management's JoAnne Feeney, Meeks, Davidson's Tom Forte, scoffed, Apple's, Feeney, Bernstein's Toni Sacconaghi Organizations: Apple, Developers, Facebook, Walmart, Grill, Independent Solutions Wealth Management, Advisors Capital, Munster, Quest

☆ Apple's latest product releases were already priced in to the stock, says D.A. Davidson's Tom Forte
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's latest product releases were already priced in to the stock, says D.A. Davidson's Tom ForteTom Forte, DA Davidson managing director and senior research analyst, joins 'Halftime Report' to discuss Apple's latest product releases, investor enthusiasm for artificial intelligence, and the rationale behind D.A. Davidson's Apple downgrade.

Persons: Davidson's Tom Forte Tom Forte, DA Davidson

☆ Watch CNBC's full interview with D.A. Davidson's Tom Forte
▼ + stars: | 2023-05-08 | 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 CNBC's full interview with D.A. Davidson's Tom ForteTom Forte, DA Davidson managing director and senior research analyst, joins 'Squawk on the Street' to discuss the most important reason for Forte's Apple upgrade, if Apple will move into Android-dominated markets, and much more.

☆ Apple's iPhone strength in a reopening China drove stock performance, says D.A. Davidson's Forte
▼ + stars: | 2023-05-08 | 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 EmailApple's iPhone strength in a reopening China drove stock performance, says D.A. Davidson's ForteTom Forte, DA Davidson managing director and senior research analyst, joins 'Squawk on the Street' to discuss the most important reason for Forte's Apple upgrade, if Apple will move into Android-dominated markets, and much more.

☆ Shopify tried to challenge Amazon in logistics. It never came within 100 miles. Was it all a waste?
▼ + stars: | 2023-05-04 | by ( Emma Cosgrove | Madeline Stone | ) www.businessinsider.com time to read: +7 min

Shopify is selling most of its logistics business to freight unicorn Flexport in an all stock deal. Though Shopify's logistics journey began in 2019 as Shopify Fulfillment Network, the current iteration is less than a year old, and investors had become wary of the level of investment that getting the outfit into competitive shape would take. The acquisition was previously considered key to Shopify's fulfillment ambitions, and its team has been involved in the company's efforts to develop fulfillment software. Derek Lossing, an Amazon Logistics alum-turned investment advisor with Cirrus Global Advisors, said an acquisition-driven strategy may have been the right course — especially when the alternative involved contracting with legacy logistics players, which can take months. To some, the question of whether Shopify's layover into logistics was a waste of talent, time, and resources, can't be answered until Flexport takes hold and Clark flexes the muscles he gained building Amazon Logistics.

☆ D.A. Davidson's Michael Baker on Costco: Love the company, don't love the stock
▼ + stars: | 2023-04-06 | 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 EmailD.A. Davidson's Michael Baker on Costco: Love the company, don't love the stockMichael Baker, D.A. Davidson analyst, joins 'Squawk on the Street' to discuss his thoughts on Costco and why he has a hold rating on the stock.

☆ Harley-Davidson's focus on bread-and-butter business can lift the stock by more than 30%, Morgan Stanley says
▼ + stars: | 2023-03-21 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

It's worth hopping on Harley-Davidson due to the company's focus on the core business and better-off consumer, according to Morgan Stanley. His price target of $50 implies the stock could gain 33.2% from where it closed Monday. HOG YTD mountain Harley-Davidson Jonas also said he's increased his optimism given Chairman and CEO Jochen Zeitz's focus on generating cash flow from the core motorcycle business, while simultaneously managing risks related to spun-off electric motorcycle maker LiveWire . Jonas said Zeitz's business has a "back to basics" approach that's proving useful amid lingering supply chain challenges and a changing consumer spending outlook. He said the 2022 spinoff of LiveWire allows Harley-Davidson to focus on perfecting its bread-and-butter business and catering to the core base rather than trying to expand reach.

☆ Watch CNBC's full interview with D.A. Davidson's Michael Baker
▼ + stars: | 2023-02-21 | 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 CNBC's full interview with D.A. Davidson's Michael BakerMichael Baker, D.A. Davidson analyst, joins 'Squawk on the Street' to discuss his thoughts on retail stocks. He also breaks down the earnings of Home Depot and Walmart.

☆ Home Depot is being hurt by the housing market trend as well, says D.A. Davidson's Michael Baker
▼ + stars: | 2023-02-21 | 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 EmailHome Depot is being hurt by the housing market trend as well, says D.A. Davidson's Michael BakerMichael Baker, D.A. Davidson analyst, joins 'Squawk on the Street' to discuss his thoughts on retail stocks. He also breaks down the earnings of Home Depot and Walmart.

☆ DOJ reportedly accelerates Apple antitrust investigation
▼ + stars: | 2023-02-15 | by ( Lauren Feiner | ) www.cnbc.com time to read: +1 min

The Department of Justice has accelerated its antitrust investigation into Apple , The Wall Street Journal reported Wednesday. Politico reported in August that the DOJ was in the "early stages" of drafting a potential complaint against the company. It's still unclear what role DOJ antitrust chief Jonathan Kanter will play in the investigation or any potential enforcement action. The Justice Department has two ongoing antitrust lawsuits against Google , with the first expected to go to trial in September. Read the full report at The Wall Street Journal.

☆ Apple is using A.I. on multiple levels to make its products better, says D.A. Davidson's Tom Forte
▼ + stars: | 2023-02-13 | 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 EmailApple is using A.I. on multiple levels to make its products better, says D.A. Davidson's Tom ForteTom Forte, senior research analyst at D.A. Davidson, joins 'Squawk on the Street' to discuss the near-term view of Apple, Apple's use of artificial intelligence and more.

☆ Shopify's prices will go up by as much as 33% in some cases, but analyst say merchants aren't going anywhere
▼ + stars: | 2023-01-31 | by ( Madeline Stone | ) www.businessinsider.com time to read: +6 min

Analysts say Shopify's products offer a much better value than their competitors'. He added that many merchants pay more in fees for third-party apps and add-ons than they do for a Shopify subscription. With those fees in mind, an increase to the monthly subscription fee would seem relatively small, Pfau argued. Luria said that it's possible Shopify's price hikes could "upset smaller merchants for whom this is a big expenditure," particularly amid inflation and economic uncertainty. Shopify's price hikes come as the company makes changes to its leadership team.

☆ Latest Microsoft results show the tech giant is still a buy despite near-term pressures, analysts say
▼ + stars: | 2023-01-25 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Microsoft may be facing some near-term pressures, but most analysts think the stock remains a buy at current levels. Radke has a buy rating on the stock, and raised his target price slightly to $282 from $280. His $300 price target represents more than 23% upside from Tuesday's closing price for the stock. Davidson's Gil Luria was especially bullish on Microsoft, saying that the tech giant "deserves a premium valuation relative to the market and its Pac4 comparables." He lowered his price target to $265 from $267.

☆ Steph Curry says he'd accept 'a nice role' in 'Black Panther 3' if director Ryan Coogler offered it
▼ + stars: | 2023-01-24 | by ( Alison Brower | Elaine Low | ) www.businessinsider.com time to read: +5 min

Several of Curry's Davidson teammates are interviewed in the documentary, and some were at the premiere. "St. Francis of Assisi — and I'll paraphrase — said 'Preach without using words,'" McKillop told the crowd of Curry. "We all start from somewhere and we learn things along the way," Curry told the audience. "I can always get better," Curry told the Sundance crowd. Its streaming premiere date on Apple TV+ has not been announced.

☆ A booming market for gear to help seniors grow older at home is creating an opportunity for investors
▼ + stars: | 2023-01-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +13 min

Alphabet, Amazon and Best Buy are among the fund's plays on the aging in place theme. Best Buy breaks into the space It's Best Buy that has really been doubling down on its efforts to break into the space. Best Buy sees the role of technology within health care becoming much more important. Medicare Advantage's health care at home coverage includes primary care, transitional care when someone is released from a hospital and often hospice care, she said. That should lead to higher earnings power, said Baker, who has a buy rating and $237 price target on Lowe's stock.

☆ How Apple can reduce its dependence on China, with D.A. Davidson's Tom Forte
▼ + stars: | 2023-01-18 | 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 EmailHow Apple can reduce its dependence on China, with D.A. Davidson's Tom ForteTom Forte, senior research analyst at D.A. Davidson, joins 'Power Lunch' to discuss Apple's involvement with China, the company's biggest stock risks and the impact a weakening global economy has on Apple.

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