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☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, Boeing, Tesla, Dell, Microsoft & more
▼ + stars: | 2023-11-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Raymond James reiterates Nvidia as strong buy Raymond James said it's bullish heading into Nvidia earnings on Tuesday. Bernstein reiterates Tesla as underperform Bernstein said it's standing by its underperform rating on Tesla as EV growth is slowing. JPMorgan upgrades Dutch Bros to overweight from neutral JPMorgan said the coffee chain has "strong available liquidity" to continue to grow. " JPMorgan downgrades Krispy Kreme to neutral from overweight JPMorgan downgraded the stock mainly on valuation. " Melius initiates Dell as buy Melius Research initiated Dell with a buy and said it's an "inexpensive" way to play AI.

Persons: Wolfe, ChargePoint, Jefferies, it's bullish, Raymond James, it's, Stifel, Wells, Bernstein, Tesla, underperform Bernstein, BTIG, Morgan Stanley downgrades Chegg, Morgan Stanley, LT, Hewlett Packard Evercore, Goldman Sachs, Krystal, Goldman, Penn, Energizer, Sherwin, Williams, Dell, Oppenheimer, OpenAI's Sam Altman, Sam Altman Organizations: Cedar Fair, SIX, Nvidia, Resources, MNR, ARM, Acorn, Apple, JPMorgan, Deutsche Bank, Boeing, Deutsche, Bros, Brands, Hewlett, Krystal Biotech, " Bank of America, of America, ESPN, PENN Entertainment, ESPN Bet, Citi, UBS, Kosmos Energy, Bank of America, CSN, HSBC, Caterpillar, BMO, Wedbush, Research, Microsoft Locations: NVDA, China, ENR, Brazil, Australia, Vale, 2024e

☆ Revenue is 'everything right now' for Apple, says Melius' Ben Reitzes
▼ + stars: | 2023-10-30 | 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 EmailRevenue is 'everything right now' for Apple, says Melius' Ben ReitzesBen Reitzes, Melius Research head of technology research, joins 'Closing Bell Overtime' to talk today's Apple event and what the company needs to show to improve stock performance.

Persons: Melius, Ben Reitzes Ben Reitzes Organizations: Revenue, Apple

☆ Analysts say growth concerns and increased competition in China are weighing on Apple stock
▼ + stars: | 2023-10-18 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

A pullback in Apple stock can largely be attributed to a potential fourth-straight quarter of declining revenue expected to be reported early next month, in addition to increased competition in China, according to analysts. Given its $2.7 trillion market capitalization, Apple is the largest company in the U.S. and thus a stock market bellwether. AAPL 5D mountain Apple stock. Nispel also pointed to headwinds in China stemming from increased competition from Huawei as being a potential drag on the stock recently. Reitzes also pointed to concerns about the China business as well as geopolitical issues weighing on the broader market as headwinds afflicting Apple.

Persons: Tim Cook, Brandon Nispel, they've, Nispel, Ben Reitzes, Reitzes, Huawei's, David Vogt, Apple, They're, CNBC's Michael Bloom Organizations: Apple, KeyBanc, Huawei, Jefferies, Wall, UBS Locations: China, U.S

☆ US airline investors worry the travel boom may be coming in for a landing
▼ + stars: | 2023-10-18 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +4 min

Those concerns are battering airline stocks even as earnings reports point to a continuing consumer appetite for travel. While both United and Delta said travel demand is holding up, double-digit declines in airfares year-over-year suggest airline pricing power has peaked. United, which has not forecast profit for 2024, on Tuesday similarly said travel demand remains "strong and steady." New labor contracts as well as the higher fuel prices mean cost pressures aren't going away. American Airlines (AAL.O) and Alaska Air (ALK.N), who will report earnings Thursday, have cut their third-quarter profit estimates due to higher fuel costs.

Persons: Eduardo Munoz, Brian Mulberry, Delta, Ed Bastian, Mulberry, United, Michael Leskinen, Conor Cunningham, Rajesh Kumar Singh, Ben Klayman, Rod Nickel Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Rights, NYSE, Zacks Investment Management, Delta Air Lines, United, Delta, New, American Airlines, Alaska Air, Melius, Thomson Locations: York, Newark , New Jersey, U.S, Chicago, United, Israel, Tel Aviv

☆ Nvidia shares are still cheap even after hitting an all-time high, says Melius Research
▼ + stars: | 2023-08-30 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Nvidia shares just closed at a record-high — and there's more momentum ahead, according to Melius Research. Well not after F2Q24 revisions, and especially not when you adjust for growth," Reitzes said. According to the analyst, Nvidia is currently trading at a cheaper valuation than shares of Alphabet, Microsoft and Apple, based on enterprise value-to-sales ratios. Reitzes has a buy rating on Nvidia shares. Shares inched down 0.4% Wednesday premarket, after rising more than 4% the prior trading session to a record close.

Persons: Ben Reitzes, Reitzes, — CNBC's Michael Bloom Organizations: Nvidia, Research, Microsoft, Apple

☆ ‘Dare we say Nvidia is now cheap' analyst delivers bull case with stock at all-time highs
▼ + stars: | 2023-08-30 | 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 Email‘Dare we say Nvidia is now cheap' analyst delivers bull case with stock at all-time highsBen Reitzes, Melius Research Head of Technology Research, joins 'Fast Money' to talk the bull case for Nvidia and why he says the stock is still cheap.

Persons: Ben Reitzes Organizations: Nvidia, Technology Research

☆ Nvidia's print could be the most important earnings event of the year, says Melius' Ben Reitzes
▼ + stars: | 2023-08-21 | 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 EmailNvidia's print could be the most important earnings event of the year, says Melius' Ben ReitzesBen Reitzes, Melius Research Managing Director, joins 'Closing Bell Overtime' to talk Nvidia's upcoming quarterly earnings report and why it could be a major event.

Persons: Melius, Ben Reitzes Ben Reitzes

☆ This old-school tech name’s consulting business could get a huge boost from AI
▼ + stars: | 2023-08-17 | by ( Morgan Chittum | ) www.cnbc.com time to read: 1 min

A new Wall Street report shows how International Business Machines (IBM) could benefit from artificial intelligence. Analysts at Melius Research think IBM's consulting business could use AI to cut labor costs through automation, describing the transformation as a potential "golden age" for the industry. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. While Accenture (ACN) may be the classic consulting behemoth to benefit from AI, given the company's recent announcement of a $3 billion investment in the space, CNBC's Jim Cramer said that others, like IBM, could also get a piece of the pie. The "Mad Money" host also says to watch stocks that help onboard customers like Salesforce (CRM), a CNBC Investing Club stock, and ServiceNow (NOW), which could get a boost down the line from AI as well.

Persons: Jim Cramer's, Jim Cramer Organizations: Machines, IBM, Melius Research, Accenture, CNBC, Club

☆ Melius' Ben Reitzes is bullish on all the 'Magnificent Seven' except Google
▼ + stars: | 2023-07-17 | 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 EmailMelius' Ben Reitzes is bullish on all the 'Magnificent Seven' except GoogleBen Reitzes, Melius research tech analyst, joins 'Power Lunch' to discuss cloud tech and the case for the 'Magnificent Seven'.

Persons: Ben Reitzes

☆ Boeing shares tumble as some MAX deliveries halted, airlines fret over impact
▼ + stars: | 2023-04-14 | by ( Aishwarya Nair | ) www.reuters.com time to read: +3 min

April 14 (Reuters) - Boeing Co (BA.N) shares closed down 5.6% on Friday after the planemaker halted deliveries of some 737 MAX jets due to quality-related problems in certain components made by one of its main suppliers. Boeing, together with Spirit, will have to undertake inspections of the affected MAX 7, MAX 8 and MAX 8200 airplanes and fuselages. "Unlike the recent 787 delivery pause in Q1 ... this issue relates to actual non-conforming parts, which will need to be inspected (at minimum) or reworked. "We see more negative financial exposure to this news at Spirit than at Boeing," J.P. Morgan analyst Seth Seifman said. Southwest Airlines (LUV.N) expects the issue to impact its current delivery schedule, while American Airlines (AAL.O) said it was working with Boeing to understand the effect.

☆ Boeing shares tumble as parts issue halts deliveries of some 737 MAXs
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +2 min

April 14 (Reuters) - Boeing Co's (BA.N) shares fell 4.5% in premarket trading on Friday after the U.S. planemaker halted deliveries of some 737 MAXs due to a new supplier quality problem by Spirit AeroSystems (SPR.N). Spirit, which manufactures fuselage, thrust reversers, engine pylons and wing components for the 737 MAX airplanes, slumped more than 11.7%. The latest quality issue pertains to aft fuselage fittings supplied by Spirit and is believed to date back to 2019, Boeing disclosed on Thursday. "We see more negative financial exposure to this news at Spirit than at Boeing," said J.P. Morgan analyst Seth Seifman. Boeing warned that the issue will likely affect a "significant" number of undelivered 737 MAX airplanes both in production and in storage, and could result in lowered 737 MAX deliveries in the near term.

☆ This is one of the best industrial up cycles in a generation, says Melius' Scott Davis
▼ + stars: | 2023-04-10 | 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 EmailThis is one of the best industrial up cycles in a generation, says Melius' Scott DavisScott Davis, Melius Research chairman, joins 'Closing Bell: Overtime' to discuss the strength in industrials.

☆ Watch CNBC's full interview with Melius Research's Rob Wertheimer on construction stock sell-off
▼ + stars: | 2023-04-05 | 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 Melius Research's Rob Wertheimer on construction stock sell-offRob Wertheimer, director of research at Melius Research, joins 'Power Lunch' to discuss the construction stock sell off, the infrastructure bill bringing funding to construction, and the tail wind driver of onshoring.

☆ Caterpillar sees big losses in construction stock sell-off
▼ + stars: | 2023-04-05 | 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 EmailCaterpillar sees big losses in construction stock sell-offRob Wertheimer, director of research at Melius Research, joins 'Power Lunch' to discuss the construction stock sell off, the infrastructure bill bringing funding to construction, and the tail wind driver of onshoring.

March 24 (Reuters) - Financial sector headwinds are creating fresh openings for private equity investments in aerospace, as suppliers' need for capital to meet soaring demand for planes and parts risks further turbulence, executives said. He said he would not oppose a private equity investment, as long as he maintains control and the combination makes sense by lowering costs. Global private equity deals among companies with aerospace portfolios rose to 216 in 2022, more than double 2019's figure and the highest in over a decade, according to Refinitiv data. Permanent Equity wants to invest in repair stations and suppliers with large inventories of aerospace parts. In Canada, while bank loans remain accessible for small suppliers, rising rates have flattened real estate pricing.

Oct 25 (Reuters) - Aerospace supplier Raytheon Technologies Corp (RTX.N) on Tuesday posted a near 5% rise in its third-quarter revenue, as strong air travel demand allowed the company to sell more engines, parts and services. Register now for FREE unlimited access to Reuters.com RegisterBut on the upside, demand for aftermarket sales and services has risen at Pratt & Whitney and Raytheon's avionics and parts unit Collins Aerospace, as planes are forced to use existing fleet for longer. In the third quarter, both Collins Aerospace and Pratt & Whitney recorded double-digit sales. "We note, Raytheon (Pratt and Collins) and Safran intend to implement substantial price increases in Q4 – likely above 10% – for commercial aftermarket parts and services. However, supply chain constraints was a drag on the company's missiles and defense unit, where sales fell 6%.

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