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Search resuls for: "Morgan Stanley's Adam Jonas"


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☆ Top 10 things the Club is watching in the stock market Thursday: Bond yields pop, Salesforce supports Dow
  + stars: | 2023-03-02 | by ( Jeff Marks | ) www.cnbc.com   time to read: +4 min
The Dow Jones Industrial Average looks like it's going to get spared because of the surge in Dow stock Salesforce (CRM). Snowflake (SNOW) drops more than 9.5% early Thursday, the morning after lowering its full-year product revenue guidance to 40% growth year over year from 47%. Dollar Tree (DLTR) downgraded to neutral at JPMorgan after the quarter; price target trimmed to $150 per share from $160. Canaccord downgrades to hold from buy; big catch-up price target cut to $9 per share from $25. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ 'Pretty bearish on Tesla': Market pro says price cuts will hit the EV giant's share price
  + stars: | 2023-02-28 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
Tesla shares are unlikely to make a comeback over the medium term partly due to the price cuts the electric automaker announced late last year, according to tech investor Mark Hawtin. "I'm pretty bearish on Tesla," said Hawtin, investment director at Zurich-based GAM Investments. This, in turn, could lead to lower demand for Tesla's products, impacting margins and profitability, according to Hawtin. "I think we will see lower demand at a time when they're ramping up factories around the world," he added. According to Jonas, the stock could jump on any new plans from the automaker for the "mass adoption of EVs at far lower price points" on its Mar.
☆ Tesla shares pop over 10% on 'better than feared' earnings results, demand outlook
  + stars: | 2023-01-26 | by ( Rohan Goswami | ) www.cnbc.com   time to read: +1 min
Tesla shares are up over 10% in premarket trading on Thursday, after beating on the top and bottom lines, despite mixed analyst sentiment about the electric-vehicle manufacturer's outlook. Tesla cut prices at the end of 2022 and into 2023, a move that seems to have sparked demand. We're currently seeing orders of almost twice the rate of production," Tesla CEO Elon Musk said on an investor call Wednesday. Tesla reported automotive revenue of $21.3 billion in the fourth quarter and adjusted earnings per share of $1.19. "Better than feared," wrote Canaccord Genuity analyst George Gianarikas in a Wednesday night note.
☆ Tesla stock could soar 50% and is the top pick in an auto sector that's seeing an EV 'shake-out,' Morgan Stanley's Adam Jonas says
  + stars: | 2023-01-25 | by ( Brian Evans | ) www.businessinsider.com   time to read: +3 min
Tesla stock could add 50% despite price cuts to vehicles, according to Morgan Stanley. "Tesla's recent price cuts are just the latest sign the EV market may be entering the 'shake-out' phase," he wrote. "Tesla's recent price cuts are just the latest sign the EV market may be entering the 'shake-out' phase," he wrote. While Morgan Stanley trimmed its price target on Tesla stock, its $220 level remains one of the highest on Wall Street. JPMorgan rates Tesla "underweight" with a $120 price target, and Wedbush rates Tesla "outperform" with a $175 price target.
☆ 2023 will make or break Tesla wannabes like Rivian and Lucid. Here's what they need to do if they want to survive.
  + stars: | 2023-01-04 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com   time to read: +5 min
"As the pressure on the supply chain eases, investors can point to a General Motors and say, 'They're building without a problem, why can't you?'" During quarterly earnings calls, executives at Rivian and Lucid cautioned investors of more trouble heading into 2023 as they raced to ramp up production and their logistics processes in hand. Accordingly, stock prices have been sinking from blockbuster IPO and SPAC highs, with many EV startups' shares down as much as 80% from earlier last year. Rivian reported Tuesday it fell a few hundred vehicles short of its goal to build 25,000 electric cars in 2022. If the startups want to succeed and regain investor faith, they have to get closer to meeting their numbers in 2023.
☆ Tesla watchers like Morgan Stanley and Deutsche Bank aren't sweating its big Q4 miss
  + stars: | 2023-01-03 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +4 min
Certainly, a number of investors aren't thrilled to see Tesla's numbers fail to meet expectations, and that vehicle supply outpaced demand yet again. "We expect challenging headlines around demand softening and associated price cuts to continue," Deutsche Bank said. Keeping the faithGarrett Nelson, VP and senior equity analyst at CFRA Research, reiterated his strong buy opinion on Tesla shares. Nelson also expects new record-high volumes for Tesla as it continues to ramp up production in Austin, Texas, and Berlin. "However, Tesla is held to a higher standard and a miss is a miss and the bulls are not popping champagne on these numbers."
☆ Top analyst cuts Tesla price target while projecting it will 'widen its lead' in EVs
  + stars: | 2022-12-29 | by ( Jesse Pound | ) www.cnbc.com   time to read: +2 min
Morgan Stanley's Adam Jonas cut his price target on Tesla to $250 per share from $330, citing weaker demand for electric vehicles, but kept his overweight weighting on the stock. Tesla's stock is down 68% year to date, and 42% in December alone. Tesla appears to be responding to the weaker demand by slowing the rollout of its cars. However, the weaker market for electric vehicles is a bigger threat to Tesla's competitors than Musk's company, Jonas said. "On a relative basis, the reiteration of our OW rating must be seen vs. more challenged EV-related peers such as EW-rated Fisker (FSR), UW-rated Lucid (LCID), and UW-rated QuantumScape (QS)," Jonas wrote.
☆ The Nasdaq had its worst year since 2008. These are the best and worst performers and what to expect in 2023
  + stars: | 2022-12-27 | by ( Samantha Subin | ) www.cnbc.com   time to read: +9 min
2022 brought an end to an impressive bull run for technology — and the worst year for the Nasdaq Composite since 2008. Energy stocks, meanwhile, found favor in investors' portfolios, as did healthcare and financials. Given this outlook, CNBC examined some of the worst and best-performing stocks in the Nasdaq 100 this year. Energy stocks Energy won 2022, benefitting from volatile oil prices triggered by the war in Ukraine. Meta Platforms was the worst-performing FAANG name, and one of the poorest-performing Nasdaq stocks.
☆ Stocks making the biggest moves midday: Starbucks, Twilio, Carvana, DoorDash and more
  + stars: | 2022-11-04 | by ( Michelle Fox | ) www.cnbc.com   time to read: +4 min
Check out the companies making the biggest moves midday:Starbucks — The Seattle-based coffee company jumped nearly 9% after reporting quarterly profit and revenue that topped expectations. Block — Shares jumped 10% after the mobile payments company surpassed profit and sales expectations in its third-quarter results. Block reported earnings of 42 cents per share on revenue of $4.52 billion. Coinbase — The stock jumped 3% after the company reported better-than-expected user numbers, even as Coinbase reported a miss on profit and sales expectations. The company reported earnings that topped expectations on Thursday.
☆ How to handle an inflation shock that no one is prepared for
  + stars: | 2020-08-11 | by ( Business Insider | ) www.businessinsider.com   time to read: +4 min
Getty Images / Spencer PlattDear Readers,How prepared would you say you are for a sudden spike in inflation? As it turns out, clients of Morgan Stanley are similarly nonplussed by the prospect of an inflationary shock. But Morgan Stanley says to ignore the threat of an inflation spike at your own risk. The firm qualifies this with another potentially damning observation: People just aren't worried about an inflation spike, nor are they positioned for one. — Mike Wilson, the chief US equity strategist at Morgan Stanley, discussing the potential impact of further US money supply expansion
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