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☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Nio, Tesla, Netflix, JPMorgan, Amazon & more
▼ + stars: | 2023-07-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Tuesday's biggest calls on Wall Street: Morgan Stanley reiterates Nio as overweight Morgan Stanley said it thinks the electric vehicle company's stock will begin to gain traction. Morgan Stanley reiterates Microsoft as overweight Morgan Stanley reiterated Microsoft as a top pick and said it has "compelling positioning." Baird reiterates Tesla as outperform Baird said it's bullish on the company's supercharger opportunity. Cowen reiterates Netflix as outperform Cowen said it's standing by its outperform rating on the stock heading into earnings next week. Truist upgrades Scotts Miracle-Gro to buy from hold Truist said in its upgrade of Scotts that the pandemic hangover is finished.

Persons: Morgan Stanley, Nio, KeyBanc, –, Baird, Tesla, it's bullish, Cowen, it's, Piper Sandler, Piper, Wells, Uber, Evercore, Netflix Evercore, Argus, Generac, Canaccord, Canacccord, Newell, Wolfe, Jefferies, TOST, JPM, Goldman Sachs, Goldman, TD Cowen, Truist Organizations: Microsoft, CIO Survey, Netflix, TikTok, IG, Mobile, UBS, Commercial Metals, Commercial Metals Company, Amazon, Industrial, Newell Brands, destocking, Citi, Hewlett Packard Citi, HP Inc, Apple, Jefferies, JPMorgan, Bank of America, underperform Bank of America, Bancorp, of America, US Bancorp, JetBlue, Alliance, . Carriers, Target, Scotts Miracle, Gro, " Bank of America, American Express Locations: Wells Fargo, Underperform, Scotts

☆ Daimler Truck raises 2023 guidance for revenue, profit
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: 1 min

BERLIN, July 10 (Reuters) - Daimler Truck (DTGGe.DE) has raised its guidance for adjusted returns on sales in its industrial business to a range of 8.5% to 10% from 7.5% to 9% previously for the financial year 2023, it said on Monday. The truck and busmaker now expects revenue to reach 56-58 billion euros ($63.79 billion), from 55-57 billion previously, with unit sales forecast around 20,000 higher to a range of 530,000 to 550,000. Its adjusted return-on-sales forecast rose to 11-13% for its North America division, 8-10% for its Europe division, and 4-6% for its Asia division. The company also announced a share buyback program starting August 2023 of up to 2 billion euros, to be acquired over up to two years. ($1 = 0.9092 euros)Reporting by Victoria Waldersee and Maria MartinezOur Standards: The Thomson Reuters Trust Principles.

Persons: Victoria Waldersee, Maria Martinez Organizations: Daimler, North America, Thomson Locations: BERLIN, Europe, Asia

☆ Bank of America ups price target on this little-known Inflation Reduction Act beneficiary
▼ + stars: | 2023-07-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Bank of America sees more upside in store for this little-known beneficiary of reshoring trends and the Inflation Reduction Act. Analyst Ruplu Bhattacharya upped the bank's price target on shares of Flex Ltd. to $31 from $28, citing its 15-year partnership to make microinverters for Enphase Energy . The analyst also highlighted the company's long-term business mix and improving margins as contributing factors to the price hike. FLEX YTD mountain Shares in 2023 "FLEX should continue to benefit from the Inflation Reduction Act (IRA) which can help spur demand for clean energy and reshoring manufacturing back to the US. Inverters are included in FLEX's core renewables business which is part of its industrial segment," he wrote in a Friday note to clients.

Persons: Ruplu Bhattacharya, Bhattacharya, — CNBC's Michael Bloom Organizations: of America, Flex Ltd, Enphase Energy

☆ We're adding this DIY hardware-and-tools giant to the Club's Bullpen
▼ + stars: | 2023-06-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

We're adding Stanley Black & Decker (SWK) to the Club's Bullpen — a collection of high-quality stocks we've identified as having the potential to join Jim Cramer's Charitable Trust portfolio. Stanley Black & Decker is a global leader in hand-and-power tools, household hardware and engineered fastening. There remains a significant imbalance in the market between housing supply and demand, with the U.S. housing market still short millions of homes. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Stanley Black & Decker drills are displayed for sale at a Home Depot store in Emeryville, California.

Persons: Stanley Black, Decker, Jim Cramer's, DeWalt —, Stanley, Patrick Hallinan, It's, Jim Cramer, Jim, David Paul Morris Organizations: Trust, Stanley, Federal Reserve, Deutsche Bank, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Ukraine, U.S, Emeryville , California

☆ Will the I-95 collapse in Philadelphia hurt the economy? Look at other cities for answers
▼ + stars: | 2023-06-12 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

New York CNN —A section of northbound I-95 in Philadelphia collapsed Sunday after a tanker truck caught fire underneath the highway. I-95 is an important artery for not only the East Coast, but for regional transportation and commuters in Philadelphia. Another analysis by the state’s Department of Employment and Economic Development and the transportation department found the economic loss was about $17 million in 2007 and $43 million in 2008. Morning commutesThe Philadelphia bridge collapse also brings up another question: How will commuters get to work? Advocates for public transport in Philadelphia look to Atlanta, when the Interstate-85 bridge collapsed in 2018 after a massive fire.

Persons: Tumar Alexander, ”, ” Alexander, Kristen Scudder, ” Scudder, Scudder, Scrudder, Transportation Pete Buttigieg, Buttigieg, “ I’ve, Shapiro Organizations: New, New York CNN, Delaware, Regional Planning Commission, City, Philadelphia Office, Emergency Management, New Jersey Turnpike, of Transportation Statistics, University of Minnesota, Minnesota Department of Transportation, state’s Department of Employment, Economic, Bureau, Transportation, Invest, Atlanta Regional Commission, Southeastern, Southeastern Pennsylvania Transportation Authority, “, Twitter, Federal Highway Administration, FHWA, Gov Locations: New York, Philadelphia, East Coast, City of Philadelphia, New Jersey, Memphis, Minneapolis, Minnesota, West Memphis , Arkansas, Atlanta, Southeastern Pennsylvania, Roosevelt, Northeast Philadelphia

☆ Cramer says snap up this leading medtech stock — wishes he could buy shares too
▼ + stars: | 2023-06-08 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

GE Healthcare (GEHC) shares are sliding Thursday, giving Club members an opportunity to invest in the medical-technology company at an increasingly attractive valuation. The noise around this transaction seems to be dragging down GE Healthcare shares. Thursday's declines push GE Healthcare shares below our cost basis of $79.47, which typically is a welcome development for a newer, smaller position. Essentially, what's happening now is General Electric is exchanging more than a quarter of its GEHC shares in a deal with Morgan Stanley. So, it's hardly a surprise to see General Electric monetizing some of its GE Healthcare stake to improve its balance sheet.

Persons: Jim Cramer, we're, we'd, Jim, Electric's, isn't, Morgan Stanley, Larry Culp, Global's, dilutive, Jim Cramer's, Yi Haifei Organizations: GE Healthcare, Electric, GE, CNBC, General Electric, GE Vernova, Intel, Mobileeye, Fair for Trade, Services, China National Convention Center, China News Service, Getty Locations: China, Beijing

☆ Post-it and Scotch tape maker 3M abruptly fired its chief business officer, who had a $4.5 million compensation package, for 'inappropriate conduct'
▼ + stars: | 2023-05-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

3M fired its chief business officer, saying he behaved inappropriately and violated company policy. His 2022 total compensation was $4.5 million. 3M, which manufactures brands including Post-it, Scotch, and Scotch-Brite, announced on Monday that Michael Vale had been "terminated for cause," effective May 12. In 2022, when he served as group president of 3M's safety and industrial business, Vale's total compensation was $4.5 million, financial filings show. Since April 2022, Vale's target total cash compensation was $1.62 million, half of which was made up of his base salary.

☆ 3M chief business office fired for inappropriate conduct
▼ + stars: | 2023-05-15 | by ( Samantha Delouya | ) edition.cnn.com time to read: +1 min

New York CNN —Manufacturer 3M fired longtime executive Michael Vale on Friday, citing “inappropriate conduct and violation of company policy.”Vale was promoted to a new role as 3M’s group president and chief business and country officer just last month. In that position, Vale oversaw 3M’s safety, industrial, consumer, transportation and electronics businesses, reporting directly to CEO Mike Roman. Before the new role, Vale served as 3M’s group president for the company’s safety and industrial business. Vale had been an employee at the company, which produces tape, surgical masks, and other industrial products, for more than 30 years. Michael Vale, former Group President, Chief Business and Country Officer at 3M.

☆ UK's Melrose Industries to focus on aerospace after automotive spin-off
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

The company also said it expects annual revenue between 3.35 billion pounds ($4.23 billion) and 3.45 billion pounds, while analysts are expecting a revenue of 3.4 billion pounds, according to company-compiled estimates. Melrose also said it will not seek acquisitions of "an unrelated industrial business or, in the near term, a material aerospace business," as it shifts its strategy to focus on aerospace. In April, Melrose listed shares in the former automotive division of British engineer GKN on the London Stock Exchange. Newly created Dowlais (DWL.L), which encompasses GKN's Automotive, Powder Metallurgy and Hydrogen businesses, was spun off to existing Melrose shareholders. It is still holding on to GKN's Aerospace division, which manufactures airframe and engine structures and interconnection systems for the aerospace industry.

☆ Europe’s Big Polluters Win Carbon-Credit Windfall
▼ + stars: | 2023-03-27 | by ( Shane Shifflett | ) www.wsj.com time to read: 1 min

Some of Europe’s largest polluters are earning windfalls from the sale of carbon credits. Their profits are an unintended consequence of generous subsidies that make up a crucial element of the region’s carbon market. A Spanish oil and gas company, a Romanian aluminum producer and two Finnish industrial businesses together sold nearly €120 million—equivalent to more than $129 million—of credits last year, according to an analysis of company disclosures. A wave of additional sales potentially worth tens of millions of euros are expected to be disclosed in the coming months.

REUTERS/Andrew Winning/File PhotoWASHINGTON, March 7 (Reuters) - Engineering company Siemens AG (SIEGn.DE) will announce on Tuesday it is investing over $220 million to build a rail car manufacturing facility in North Carolina, the White House and Siemens said. Busch said Siemens has a "strong foothold" in the market and sees longer term growth opportunities in high-speed rail. Siemens' rail unit will be receiving a jobs development grant from the state of North Carolina, the company said. Funding comes in part from the bipartisan infrastructure law passed in 2021, the White House said. The $1 trillion infrastructure law provides $66 billion for rail, an unprecedented boost in federal aid for trains.

☆ Siemens stock takes off on guidance upgrade, earnings beat
▼ + stars: | 2023-02-09 | by ( John Revill | ) www.reuters.com time to read: +2 min

Siemens reported better-than-expected quarterly profit at its industrial business late on Wednesday and raised its full-year sales and profit guidance. Siemens was also working through a record 102 billion euro ($110 billion) order backlog that will generate around 40 billion euros in revenue in the next three quarters, the company said. Siemens' business year starts in October. Busch said many countries had launched investment programmes in areas such as semiconductors, or to combat climate change with green technologies. "This is a stellar start to the year," said JP Morgan analyst Andrew Wilson, who said he expected the stock to perform strongly.

☆ Siemens raises sales and profit outlook after strong start to 2023
▼ + stars: | 2023-02-08 | by ( John Revill | ) www.reuters.com time to read: +3 min

Chief Executive Roland Busch said the company had made its strongest ever start to a financial year, helped by its working through an order backlog which stood at a record 102 billion euros. Smart Infrastructure - which makes products to automate and control buildings - also raised its sales and profit margin guidance. During the October to December period, Siemens said its revenue had increased 8% to 18.1 billion euros, matching estimates. Shareholders' net profit fell to 1.48 billion euros, in line with forecasts. Fellow industrial automation company Rockwell Automation last month reported a 9.9% increase in first quarter organic sales, and raised its sales growth outlook.

☆ 2 ex-investment bankers decided to get their hands dirty in the construction industry. Here's how they took an unusual approach to launching their startup and went on to raise $3.1 million.
▼ + stars: | 2023-01-26 | by ( April Joyner | ) www.businessinsider.com time to read: +4 min

Construction-tech startup Suppli has raised $3.1 million in seed funding led by Equal Ventures. But his new startup, Suppli, is also at the forefront of a hot investment trend this year. Suppli, which makes credit-management tools for companies that sell and procure construction materials, has raised a $3.1 million seed round led by Equal Ventures. Having that customer list turned out to be critical a year later as they raised their seed round, Ayers said, given the shift to caution among investors. That's the same opportunity Skafidas and Ayers saw when they decided to take the plunge into entrepreneurship.

☆ Texas Instruments signals expanding pain for chipmakers with somber forecast
▼ + stars: | 2023-01-25 | by ( Chavi Mehta | ) www.reuters.com time to read: +2 min

Jan 24 (Reuters) - Texas Instruments (TXN.O) forecast first-quarter revenue and profit largely below Wall Street targets on Tuesday, as an economic downturn threatens to shackle demand from the chipmaker's so far resilient markets. Order cancellations rose during the fourth quarter, head of investor relations Dave Pahl told analysts in an earnings call. Total revenue fell 3% to $4.67 billion in the quarter, compared with estimates of $4.62 billion. Texas Instruments expects revenue of $4.17 billion to $4.53 billion in the first quarter, the mid-point of which is lower than estimates of $4.41 billion, according to Refinitiv data. It expects current-quarter earnings per share between $1.64 and $1.90, the mid-point of which also fell short of expectations of $1.87.

Jan 13 (Reuters) - NI Corp (NATI.O), a provider of testing and measuring equipment, said on Friday it was exploring strategic options after acquisition interest from companies that people familiar with the matter said include Emerson Electric Co (EMR.N). The acquisition interest from potential suitors, according to the sources, forced NI to adopt a so-called poison pill, which would be triggered if a person or a group's ownership of the firm reaches 10%. The sources, who requested anonymity as the discussions are confidential, cautioned that the talks with suitors including Emerson are subject to market conditions, and a deal is not guaranteed. Texas-based NI, formerly known as National Instruments, specializes in making automated testing and measurement tools to aid in research and validation of new technologies. In October, Emerson sold a majority stake in its climate technologies unit to Blackstone Inc (BX.N) in a deal that valued the business at $14 billion.

☆ Siemens Q4 profit beats view; sees persistent demand for hardware, software
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +2 min

ZURICH, Nov 17 (Reuters) - German engineering and technology group Siemens (SIEGn.DE) posted a better-than-expected fourth-quarter profit for its industrial business on Thursday and said its factory hardware and software continued to witness strong demand. This made the maker of trains, and industrial software confident for the future, saying it expected revenues to grow by 6% to 9% during its 2023 fiscal year. "Strong demand continues for our hardware and software offerings, including higher than expected growth for our digital business revenue," Chief Executive Officer Roland Busch said. In the three months to Sept. 30, Siemens's industrial profit rose 38% to 3.16 billion euros ($3.28 billion), beating forecasts for 2.79 billion euros in a company-gathered consensus of analysts. Sales increased 18% to 20.57 billion euros - ahead of 19.13 billion euros forecast, while orders during the period rose to a better than expected 21.82 billion euros.

☆ Siemens posts better than expected Q4 industrial profit
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +1 min

ZURICH, Nov 17 (Reuters) - Siemens (SIEGn.DE) posted a better than expected fourth quarter profit at its industrial business on Thursday and said strong demand continued for its factory hardware and software. The German engineering and technology group said industrial profit rose 38% to 3.16 billion euros ($3.28 billion) in the three months to the end of September, beating forecasts for 2.79 billion euros in a company-gathered consensus of analysts. Sales increased 18% to 20.57 billion euros - ahead of 19.13 billion euros forecast, while orders during the period rose to a better than expected 21.82 billion euros. This made the maker of trains, industrial software and automation confident for the future, saying it expected revenues to grow by 6% to 9% during its 2023 fiscal year. "Strong demand continues for our hardware and software offerings, including higher than expected growth for our digital business revenue," said Chief Executive Roland Busch in a statement.

☆ Buffett's Berkshire sheds large portion of US Bancorp stake
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +2 min

In a regulatory filing, Berkshire said it owned just over 53 million U.S. Bancorp shares, for a 3.6% stake, on Oct. 31, down from 144.7 million shares, or 9.8%, on Dec. 31, 2021. Berkshire began investing in the Minneapolis-based bank in 2006, according to regulatory filings. U.S. Bancorp and Buffett's assistant did not immediately respond to requests for comment after market hours. Berkshire owned $126.5 billion of the iPhone maker's shares on Sept. 30. On Nov. 14, Berkshire is expected in a regulatory filing to disclose more information about its U.S.-listed stock holdings.

☆ Berkshire Hathaway posts quarterly loss as stocks, Hurricane Ian weigh
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +3 min

Nov 5 (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Saturday posted a third-quarter loss, as falling stock investments and a big loss from Hurricane Ian offset improvement in many of its industrial businesses. Berkshire posted a quarterly net loss of $2.69 billion, or $1,832 per Class A share, compared with a profit of $10.34 billion, or $6,882 per share, a year earlier. Geico, meanwhile, suffered its fifth straight quarterly underwriting loss, reflecting "significant cost inflation" from damages claims, used car prices and shortages of car parts. Net results included $10.45 billion of losses from investments and derivatives, as the stock prices of many large Berkshire investments fell. This causes large quarterly swings in results that Buffett says are usually meaningless.

☆ Nigeria is oil rich and energy poor. It can’t wait around for cheaper batteries
▼ + stars: | 2021-11-03 | by ( Hanna Ziady | ) edition.cnn.com time to read: +15 min

But it’s coming under huge pressure from developed countries to abandon fossil fuels and shift to renewable energy in order to help save the climate. AKINTUNDE AKINLEYE/EPA-EFE/ShutterstockLike the United States, Europe and Britain, Nigeria sees a prominent role for renewable energy, notwithstanding its investments into gas power. “In Nigeria, clean energy is central to our government’s plan to transition to net-zero emissions,” Osinbajo, the vice president, continued. In Nigeria, energy poverty is itself a major driver of emissions, according to Olu Verheijen, the founder of Lagos-based energy advisory business Latimer Energy. This means that in some cases, certainly for Nigeria, gas has an important role to play in providing power.

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