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☆ Stocks making the biggest moves midday: Southwest Airlines, GameStop, Advanced Micro Devices and more
▼ + stars: | 2024-06-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Southwest Airlines — The stock rose 9% after activist hedge fund Elliott Management amassed a $1.9 billion stake in Southwest Airlines. GameStop — The meme stock slipped nearly 15% in volatile trading after a roller-coaster week. Advanced Micro Devices — The chipmaker fell 3% after Morgan Stanley downgraded shares to equal weight from overweight, saying investors' expectations look elevated. ReNew Energy Global — Shares popped more than 7% after Morgan Stanley upped its price target, saying the narrative for the U.K.-based company remains strong. DraftKings — The sports entertainment stock gained 2% after Morgan Stanley renamed the company as a top pick.

Persons: Bob Jordan, Gary Kelly, Keith Gill, Huntington Bancshares, Huntington, Morgan Stanley, GoDaddy —, Dow, Robert Half, Jefferies, DraftKings, Yun Li, Alex Harring, Michelle Fox, Sarah Min, Pia Singh, Sean Conlon Organizations: Southwest Airlines, Management, Southwest, GameStop, KKR, CrowdStrike, GoDaddy — KKR, Dow Jones, Comerica, Apple, Energy, Jefferies Locations: 2H24, Illumina, Illinois

☆ CrowdStrike rallies to record on cybersecurity company's inclusion in S&P 500
▼ + stars: | 2024-06-10 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

CrowdStrike shares jumped as much as 10% on Monday after an announcement that the cybersecurity software vendor was joining the S&P 500, replacing financial firm Comerica . Security ETFs gained on Monday, with the First Trust Nasdaq Cybersecurity ETF climbing 1.3%, and Amplify Cybersecurity ETF — ticker symbol "HACK" — rising 1.2%. CrowdStrike has been profitable in the five most recent quarters, meeting the requirement for inclusion in the S&P 500. With a market cap of over $90 billion, CrowdStrike has more than double the valuation of the median S&P 500 company. WATCH: CrowdStrike CEO George Kurtz goes one-on-one with Jim Cramer

Persons: Dow, CrowdStrike, Robert Half, indexers, George Kurtz, Jim Cramer Organizations: Comerica, Dow Jones Indices, KKR, First Trust Nasdaq Locations: CrowdStrike

☆ Stock futures are little changed as investors gear up for start of Fed policy meeting: Live updates
▼ + stars: | 2024-06-10 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Stock futures are near flat Monday night as investors await the start of June's Federal Reserve policy meeting. S&P 500 futures and Nasdaq 100 futures both also traded near their flatlines. This comes as traders prepare for the two-day Fed policy meeting commencing Tuesday. The meeting will conclude on Wednesday with an interest rate policy decision and a subsequent press conference featuring Federal Reserve Chair Jerome Powell. Fed funds futures were indicating virtually no chance of a cut at this week's meeting, according to CME's FedWatch Tool.

Persons: Jerome Powell, CME's, We've, Zachary Hill Organizations: June's Federal, Dow Jones Industrial, Nasdaq, Dow, Horizon Investments, Oracle

☆ CNBC Daily Open: Far-right makes gains in EU elections
▼ + stars: | 2024-06-10 | by ( Abid Ali | ) www.cnbc.com time to read: +4 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Populist, far-right parties also won record support in this year's European Parliament elections, exit polls indicated late on Sunday. No way, MuskNorway's $1.7 trillion sovereign wealth fund, Tesla's eighth-largest shareholder, will vote against Elon Musk's $56 billion pay package. Despite a recent 2% drop in Aramco's stock and pressures on global oil prices, the offering attracted strong international demand.

Persons: Emmanuel Macron, Pen, CNBC's Karen Gilchrist, Dow, Stocks, Musk, Kitty's, Keith Gill, Gill, Prince Mohammed bin, Aramco's, Morgan Stanley, there's Organizations: CNBC, Populist, Nasdaq, Dow Jones, Treasury, Elon Musk's, GameStop, Saudi, Nvidia Locations: Europe, freefall, Saudi Arabia, Aramco, Saudi

☆ Stocks making the biggest moves premarket: DraftKings, Carvana, Southwest Airlines, Planet Fitness and more
▼ + stars: | 2024-06-10 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

DraftKings — The sports betting stock added 1.8% after Morgan Stanley reiterated its overweight rating and said shares were again worthy of a top-pick designation. Morgan Stanley said the stock can rally despite concerns around Illinois' legalization of a sports betting tax. Nvidia — Shares were marginally lower ahead of the chipmaker stock's first day of trading after its 10-for-1 stock split . Planet Fitness — Stock in the fitness center chain advanced about 4% on the heels of an upgrade from Jefferies earlier on Monday. Analyst Randal Konik said "the stars have aligned" for Planet Fitness stock, adding that he expects strong franchise unit growth in 2025.

Persons: GoDaddy, Robert Half, Dow, Morgan Stanley, Joseph Moore, Randal Konik, — CNBC's Michelle Fox, Alex Harring, Jesse Pound Organizations: KKR, CrowdStrike, Comerica, Dow Jones, Dell Technologies, Palantir Technologies, AMD —, Nvidia —, Southwest Airlines —, Street Journal, Elliott Investment Management, Carvana, JPMorgan, Energy Global, Jefferies, Fitness Locations: Illinois

☆ CNBC Daily Open: Far right gains in EU elections
▼ + stars: | 2024-06-10 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Far-right advanceFrench President Emmanuel Macron said he will dissolve parliament and call for a new legislative vote after his Renaissance party suffered a major defeat at the EU elections. Populist, far-right parties also won record support in this year's European Parliament elections, exit polls indicated late on Sunday. No way, MuskNorway's $1.7 trillion sovereign wealth fund, Tesla's eighth-largest shareholder, will vote against Elon Musk's $56 billion pay package.

Persons: Emmanuel Macron, Pen, CNBC's Karen Gilchrist, Dow, Stocks, Musk, Kitty's, Keith Gill, Gill, Korea's Kospi, Macron Organizations: CNBC, Populist, Nasdaq, Dow Jones, Treasury, Elon Musk's, GameStop, Nikkei, Markets, Nvidia, Apple Locations: Europe, freefall, Japan, Asia, Australia, Hong Kong, China

☆ Stock futures are little changed as traders look ahead to Fed decision, inflation data: Live updates
▼ + stars: | 2024-06-09 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Traders and floor officials react to technical issues on the floor at the New York Stock Exchange on June 3, 2024. U.S. stock futures were little changed Sunday night after a winning week, as traders looked ahead to the Federal Reserve's interest rate decision and May inflation data. S&P 500 futures and Nasdaq 100 futures were flat. Markets are now pricing in just one rate cut this year, coming in November, according to the CME FedWatch tool. ... On the hawkish side is that the firm NFP and associated details suggest labor demand growth remains solid."

Persons: Macquarie's David Doyle Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, Nvidia, Apple's Worldwide

☆ These stocks are attractively valued and are expected to make new highs
▼ + stars: | 2024-06-09 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

There's a growing dominance of technology stocks in the stock market. Using LSEG, we searched for stocks outside the concentrated tech universe that are expected to reach new highs. Citizens Financial has a forward P/E ratio of 12.1 and five-year P/E of about 15, while Fifth Third's forward P/E is 11.1 and its five-year slightly lower, at about 10.8. Analysts polled by LSEG think shares have about 18% upside potential, and the stock also has an attractive forward P/E ratio of about 4.77, by far the least of the group. Other attractive stocks that could reach new highs include homebuilder Pultegroup and insurance company Allstate .

Persons: Stocks, Dow, Ryan Grabinski, Kevin Holt, Wolfe, Bill Carache, Carache, General Motors, LSEG Organizations: Nasdaq, Nvidia, Microsoft, Apple, Strategas Securities, CNBC, Oil, Chevron, Exxon Mobil, Invesco Energy, Exxon, ConocoPhillips, Marathon, Citizens Financial Group, Fifth Third Bancorp, Financial, Fifth, Wolfe Research, Automotive, General, Allstate Locations: Guyana, Chevron

☆ Here are the 5 things we’re most focused on in the stock market this busy week
▼ + stars: | 2024-06-08 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

All three major averages closed higher for the week, shrugging off Friday's hotter than expected jobs report. No portfolio names reported this week, but we will hear from one last stock next week. Last quarterly Club stock report : Broadcom reports on Wednesday after the closing bell. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Nonfarm, Dow Jones, FactSet, We'll, we've, Jerome Powell, Siri, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Dow Jones Industrial, Nasdaq, Dow, Labor Department, Federal Reserve, Technology, Utilities, PPI, Broadcom, VMWare, Apple's, Sports, GameStop, Oracle, Casey's, Buster's Entertainment, Oxford Industries, Signet Jewelers, SIG, Jim Cramer's Charitable, CNBC, Apple, Apple Worldwide Locations: FactSet, Cupertino , California

☆ Nvidia is one of the most overbought stocks on Wall Street. Here are the rest
▼ + stars: | 2024-06-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Nvidia was one of the most overbought names on Wall Street this week as the artificial intelligence darling crossed the $3 trillion market cap threshold. The RSI, which measures the magnitude and speed of price moves, is a popular metric used to evaluate whether shares are overbought or oversold. On the other hand, names such as Nvidia with a 14-day RSI above 70 are thought of as overbought, indicating a possible selling opportunity. Nvidia shares have climbed more than 8% this week alone, eclipsing the $3 trillion market cap mark to become the second-most valuable U.S. company, behind Microsoft . Well-known stocks including T-Mobile , Walmart and Best Buy were also among the most overbought this week.

Persons: Robert Half, FactSet Organizations: Nvidia, RSI, Microsoft, Nasdaq, Dow Jones, Costco, Mobile, Walmart, Epam Systems Locations: U.S

☆ U.S. adds a much-better-than-expected 272,000 jobs in May, but unemployment rate edges up to 4%
▼ + stars: | 2024-06-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

At the same time, the unemployment rate rose to 4%, the first time it has breached that level since January 2022. The increase came even though the labor force participation rate decreased to 62.5%, down 0.2 percentage point. The survey of households used to compute the unemployment rate showed that the level of people who reported holding jobs fell by 408,000. A more encompassing unemployment figure that includes discouraged workers and those holding part-time jobs for economic reasons held steady at 7.4%. The household survey also showed that full-time workers declined by 625,000, while those holding part-time positions increased by 286,000.

Persons: Dow Jones, you've, Liz Ann Sonders, Charles Schwab, Joe Raedle Organizations: Labor Department's Bureau of Labor Statistics, Getty Locations: U.S, Miami , Florida

☆ Biden touts 'great American comeback' after better-than-expected May jobs report
▼ + stars: | 2024-06-07 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden speaks about the economy at the International Brotherhood of Electrical Workers Local 26 union, in Lanham, Maryland, on Feb. 15, 2023. President Joe Biden touted the far better-than-expected May jobs report, boasting about "the great American comeback" and calling out Congressional Republicans' economic plan in a statement on Friday. The unemployment rate rose from 3.9% to 4% at the same time, and the labor force participation rate decreased slightly to 62.5%. "The great American comeback continues, but we still have to make more progress," Biden said. "On my watch, 15.6 million more Americans have the dignity and respect that comes with a job.

Persons: Joe Biden, Dow Jones, Biden Organizations: International Brotherhood of Electrical Workers, Republicans, payrolls, U.S . Department of Labor, Federal Reserve Locations: Lanham , Maryland, U.S

☆ The Fed's rate decision and May inflation data will be key tests for the stock market next week
▼ + stars: | 2024-06-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

The next rate decision from the Federal Reserve coupled with May inflation data, both on Wednesday, will play key roles in how stocks perform next week — quite probably lending added volatility to an already jittery market. The Fed's rate decision All eyes are on the Fed next week and its rate decision that's set to come down at 2 p.m. Wednesday. But investors have tempered expectations since then amid a spate of stubborn inflation data. That makes May's consumer price index report due out before the bell Wednesday another key focal point for investors. Economists polled by Dow Jones are bracing for the consumer price index to rise 3.4% year over year and 0.1% on a monthly basis.

Persons: nonfarm, Kathryn Kaminski, Scott Wren, they've, it's, Tony Roth, Envestnet's Dana D'Auria, D'Auria, Dow Jones, Wells, Wren, John Belton, Apple, Jerome Powell, John Wiley Friday Organizations: Federal, Nvidia, Apple, Microsoft, GameStop, Dow, AlphaSimplex Group, Fed, Federal Open Market, European Central Bank, European Union, Wells Fargo Investment, Wilmington Trust's, CPI, Apple's Worldwide, Broadcom, Dave, Treasury, Signet Jewelers, University of Michigan Locations: Wells Fargo, Cupertino , California

Stock price information reflected on a window at the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023. LONDON — European stocks closed lower on Friday, as investors digested fresh U.S. jobs data and the European Central Bank's latest interest rate commentary. All major bourses and almost all sectors traded in the red, with utilities down 1% as health-care stocks added 0.5%. U.S. stocks were mixed following the release, with the S&P 500 hitting a fresh record high as the Nasdaq Composite dipped. Closely behind was Geert Wilders' anti-immigration party, which looks set to have won seven seats.

Persons: Dow Jones, Geert Wilders Organizations: LONDON, Central, Nasdaq, Labour Locations: Paris, France, U.S, Europe, Netherlands

☆ CNBC Daily Open: Nvidia pushes past $3 trillion
▼ + stars: | 2024-06-06 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia passes AppleArtificial intelligence chipmaker Nvidia surpassed the $3 trillion market capitalization mark, pushing past Apple to become the second most valuable company behind Microsoft. Baron backs Musk's pay dealBillionaire investor Ron Baron has publicly defended Elon Musk's controversial $56 billion Tesla pay package. Elliott retakes SoftBank stakeElliott Management, an activist investor, has taken a $2 billion stake in SoftBank and is pushing for a $15 billion share buyback. In 2020, at Elliott's urging, SoftBank launched a $20 billion share buyback and asset disposal program.

Persons: Ron Baron, Elon, Baron, Elliott retakes SoftBank, Elliott, SoftBank, Son's, Archer, Goldman Sachs Organizations: New York Stock Exchange, CNBC, Nvidia, Nasdaq, Hewlett Packard Enterprises, Dow Jones, Treasury, Apple, Microsoft, Baron Capital, Elliott Management, Electric, FAA, Archer Aviation, Federal Aviation Administration, United Airlines Locations: New York City, U.S, Tesla, Delaware, SoftBank, Elliott's

☆ Here's what to expect from Friday's big jobs report
▼ + stars: | 2024-06-06 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Investors will be looking to May's nonfarm payrolls report for more clarity on whether the Federal Reserve can ease up in its battle against inflation. "The jobs report for May is now particularly consequential," Citigroup economist Andrew Hollenhorst said in a note. "A weaker reading [of less than 175,000 jobs and an unemployment rate of 4% or more] would be a final piece of evidence that the slowdown will continue. Citi expects that the report will show just 140,000 jobs, with the unemployment rate hitting 4% for the first time since January 2022. Markets currently are pegging the first rate cut to come in September, with one more on the way in December.

Persons: nonfarm, Dow Jones, Andrew Hollenhorst, Goldman Sachs Organizations: Federal, of Labor Statistics, Citigroup, Citi Locations: U.S, payrolls

☆ Stock futures are little changed as investors brace for May jobs report: Live updates
▼ + stars: | 2024-06-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

U.S. stock futures opened little changed on Thursday as investors geared up for Friday morning's nonfarm payrolls report. Futures tied to the Dow Jones Industrial Average inched higher by 16 points, or 0.04%. S&P 500 futures and Nasdaq 100 futures hovered near the flatline. The S&P 500 edged lower by 0.02%, and the Nasdaq Composite lost 0.09%. The Dow has a 0.52% gain, while the S&P 500 is higher by 1.43% and the Nasdaq is on pace for a 2.62% advance.

Persons: nonfarm, Dow, Dow Jones, Ed Clissold, Ned Davis Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Dow, Federal Reserve, Ned Davis Research, European Central Bank, Fed Locations: U.S, it's

☆ Trading the jobs report: Where JPMorgan sees the market going based on these scenarios
▼ + stars: | 2024-06-06 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

On top of that, the S & P 500 is trading at record levels thanks in large measure to the unrelenting momentum in Nvidia. Hot jobs growth + weaker-than-expected wage growth: The S & P 500 would advance 0.25% to 0.75% in this event, the traders said. In-line jobs growth + strong wage growth: This outcome indicates inflation persists given tight labor market conditions. Disappointing jobs growth + hotter-than-expected wage expansion: JPMorgan traders think this would be the worst outcome for market bulls, with the S & P 500 losing 1.25%-2%. JPMorgan expects the S & P 500 to rise, or fall, as much as 0.25%.

Persons: Dow Jones, stagflation Organizations: Federal Reserve, Nvidia, JPMorgan Locations: U.S

☆ Stock futures are little changed after S&P 500 notches record close: Live updates
▼ + stars: | 2024-06-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9, 2024. Stock futures hovered near the flatline in overnight trading after the S&P 500 notched a new record closing high thanks to a rally in artificial intelligence chip darling Nvidia . Futures tied to the S&P 500 rose nearly 0.1%, while Nasdaq-100 futures inched up 0.1%. Lululemon jumped 10% in extended trading on as the sportswear manufacturer beat expectations in its fiscal first quarter. The S&P 500 jumped 1.18% to close at 5,354.03.

Persons: Lululemon, Stocks, Rubin, Aswath Damodaran, nonfarm Organizations: New York Stock Exchange, Stock, Futures, Nasdaq, Dow Jones, Nvidia, Apple, New York University, Federal Reserve, ADP

☆ Treasury yields rise as investors weigh economic data
▼ + stars: | 2024-06-05 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was last at 4.7931% after rising by more than two basis points. U.S. Treasury yields were higher on Wednesday as investors considered the state of the economy amid a series of key data releases. Yields slid earlier in the week as investors assessed the latest economic data. The state of the labor market is a key factor in the central bank's decision-making when it comes to monetary policy. More key labor market data is due Friday in form of nonfarm payrolls figures and the unemployment rate for May.

Persons: Dow Jones Organizations: Treasury, U.S, Labor Department, Dow, Federal Reserve, Fed

☆ Private payrolls growth slows to 152,000 in May, much less than expected, ADP says
▼ + stars: | 2024-06-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Private job creation slowed more than expected in May, according to a report Wednesday from ADP that signals further sluggishness in the labor market. A number of sectors saw job losses on the month. The report comes two days ahead of the more closely watched nonfarm payrolls count from the Bureau of Labor Statistics. The ADP report showing private payroll growth of 188,000 in April overshot the BLS count of 167,000. Correction: The ADP figure for May was the lowest monthly level since January.

Persons: Dow Jones, Nela Richardson, nonfarm Organizations: Dow, Bureau of Labor Statistics, BLS, Wall Locations: Central, San Francisco , California, Trade

☆ People are exiting the stock market in droves
▼ + stars: | 2024-06-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

The US stock market is shrinking, and investors are pulling their money out at a near-record pace as storm clouds gather over the US economy. A shrinking market: The stock market isn’t the economy (for the most part). Fear is currently driving the US market, according to CNN’s Fear and Greed Index. “We really need to consider: Is this the outcome we want?”CEOs are making almost 200 times what workers areCEOs raked in fat pay packages last year as the US stock market boomed, reports my colleague Matt Egan. Economists were expecting job openings to register 8.36 million, according to FactSet estimates.

Persons: ”, Morgan Stanley, Lisa Shatlett, We’ve, Torsten Slok, Jamie Dimon, Dimon, “, Matt Egan, Bosses, Alicia Wallace Organizations: CNN Business, Bell, New York CNN, titans, Bank of America, Morgan Stanley Wealth Management, Federal, Dow, Apollo Global Management, Privately, JPMorgan, Associated Press, Workers, Bureau of Labor Statistics ’, Labor, Federal Reserve Locations: New York, Nantucket, That’s

☆ Nvidia's 10-for-1 stock split is set for Friday. Here's what you need to know, plus what its fair value will be after, according to Morningstar's chief US market strategist.
▼ + stars: | 2024-06-05 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Nvidia is set to make a 10-for-one forward stock split on June 7, which means your one share will become 10 shares. A stock split won't change a company's economic value or the value you hold of it. It only changes the proportionate amount of ownership that each share represents, says Dave Sekera, Morningstar's chief US market strategist. After the stock split, its fair value would go to $105, Sekera noted. One notable impact that could result from a lower share price is Nvidia's increased potential of being included in price-weighted indexes, specifically the Dow Jones Industrial Average.

Persons: —, Dave Sekera, Sekera Organizations: Service, Nvidia, Business, Dow Jones

☆ CNBC Daily Open: Roaring Kitty's wealth, Modi's victory
▼ + stars: | 2024-06-05 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

The S&P 500 inched up 0.15% and the Nasdaq Composite did marginally better, up 0.17%. Bath & Body Works was the worst-performing stock on the S&P 500, plunging almost 13% on disappointing guidance. With his 5 million shares of GameStop, if he were to exercise his 120,000 call options at $20 apiece, that would give him an additional 12 million shares — making him the fourth-largest shareholder in the games retailer. [PRO] June highThe S&P 500 will rally to fresh all-time high of 5,500 by the end this month, according to Fundstrat Global Advisors' Tom Lee. With the S&P 500 finishing Monday's trading session at 5,283.40 the forecast calls for upside of 4%.

Persons: Modi, Narendra Modi, Modi's, Keith Gill, Gill, Elon Musk, Tesla, Musk, Tom Lee, CNBC's Pia Singh, what's Organizations: CNBC, Dow Jones, Nasdaq, Body, Treasury, Bharatiya Janata Party, BJP, National Democratic Alliance, GameStop, Nvidia, Federal Reserve, Fundstrat Global Locations: Tesla

☆ Mizuho's top June contrarian picks, where research firm is more bullish than the rest of Wall Street
▼ + stars: | 2024-06-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Of those seven stocks, Mizuho said its investment rating on Lowe's and PayPal were also above the Street consensus. Mizuho analyst David Bellinger's $280 price target implies that the stock could rally 29% from its Monday closing price. "We view Lowe's as decisively well-positioned as home improvement demand recovers and unleashes outsized, double-digit earnings expansion in the process," the analyst wrote. Similarly, financial technology platform PayPal has risen only about 4% this year, leaving its valuation "compelling" at current prices, according to Mizuho analyst Dan Dolev. Dolev's $90 price target is 42% above the stock's current price.

Persons: Mizuho, David Bellinger's, Lowe's, Bellinger, Dan Dolev, Dolev, Dolev's, Siti Panigrahi's, Panigrahi, — CNBC's Michael Bloom Organizations: Mizuho Securities, Stocks, Dow Jones, Nasdaq, Wall Street, PayPal, Home, Oracle, Nvidia, Oracle Cloud Infrastructure Locations: Mizuho

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