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Goldman Sachs is bullish on e-commerce in China, naming it as one of its "most preferred" areas within China's internet sector. Top picks The analysts named Chinese e-commerce shares among the bank's top buy-rated stocks, two of which are on Goldman's conviction buy list of assets it expects will outperform the market. Goldman gave a target price of $138 for Alibaba's U.S.-listed shares, and 134 Hong Kong dollars ($17.09) for its Hong Kong-listed shares. Goldman Sachs gave Pinduoduo a target price of $129, following expectations of a sizeable profit in the longer term. The bank gave Tencent a target price of 431 Hong Kong dollars, accounting for a potential upside of around 32%.

Persons: Goldman Sachs, Goldman, —, — CNBC's Michael Bloom Organizations: Alibaba's U.S, Hong, Baidu Locations: China, Hong Kong

☆ Here are Thursday's biggest analyst calls: Nvidia, Meta, Apple, Netflix, Roku, McDonald's, Micron & more
▼ + stars: | 2023-09-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Thursday's biggest calls on Wall Street: Barclays initiates Jabil and Flex as overweight Barclays initiated several technology manufacturers Thursday and said it sees margin expansion. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on the stock heading into Apple's iPhone event next week. Barclays initiates LPL Financial as overweight Barclays said the financial services company is a "solid organic grower at reasonable valuation." Barclays downgrades Seagate to equal weight from overweight Barclays downgraded Seagate mainly on valuation. Morgan Stanley reiterates Meta as overweight Morgan Stanley said it's staying bullish on shares of Meta.

Persons: Wells, Goldman Sachs, Morgan Stanley, McDonald's, Apple, it's, Jefferies, Canaccord, Johnson, Bernstein, Tesla, underperform Bernstein, Raymond James, Dell, Dan Jedda, Stifel, Riley downgrades Crocs, Riley, Truist, Raymond James downgrades Dave, Buster's, Guggenheim, Meta Organizations: Street, Barclays, JBL, EV, HSBC, Citi, Micron Citi, Micron, Oracle, Johnson, JPMorgan, Netflix, Tesla, DELL, Bank of America, Cloud Computing, LPL, Vail Resorts, Seagate, CyberArk Software Ltd, Meta, Nvidia Locations: 3Q23, Vail

REUTERS/Brendan McDermid Acquire Licensing RightsORLANDO, Florida, Sept 7 (Reuters) - If you think this time is different, and the post-2008 world of low interest rates and bond yields is over, think again. What's more, Fed officials' longer-term rate projections and New York Fed model estimates of the theoretical long-run equilibrium interest rate - or 'R-Star' - suggest policymakers probably agree. The Fed's persistently low long-term rate outlook and New York Fed's declining R-Star estimates despite the highest inflation, policy rate and bond yields in years, suggest rates and yields won't stay this high for long. With the fed funds target range currently 5.25-5.50%, Fed policy is extremely restrictive, by around 250 basis points or more. The Fed publishes its updated inflation, growth and policy rate outlook on September 20 in the latest Staff Economic Projections.

Persons: Brendan McDermid, Steven Major, HSBC's, Jamie McGeever Organizations: New York Stock Exchange, REUTERS, Rights, U.S ., Bank of America, New York Fed, The New York Fed, Dallas Fed, Reuters, Artificial, Fed, Thomson Locations: New York City, U.S, Rights ORLANDO , Florida, Ukraine, U.S . Republic, China, Japan, York

☆ UBS upgrades this restaurant tech stock that can rally nearly 40%
▼ + stars: | 2023-09-06 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

"Toast remains well-positioned to capture the restaurant industry's ongoing shift from legacy technology to omni-channel, integrated software solutions," Kumar said. Kumar forecasts Toast's investments to lead to more than a 30% rise in gross profit growth over the next two years. A positive macro backdrop also is improving the restaurant industry's near-term growth prospects, she added, which could further boost Toast's outlook. "With shares trading at just ~0.2x '25E EV/GP/ Growth, the market doesn't fully account for durable top-line growth, healthy margin expansion and a stable restaurant outlook, in our view," Kumar said. The company is well-positioned to gain even more market share through its broadening solutions offerings and secular demand for restaurant point-of-sales technology, said Kumar.

Persons: Rayna Kumar, Kumar, — CNBC's Michael Bloom Organizations: UBS, omni

☆ UBS shares the only 4 media stocks worth buying now as the cable bundle collapses, the Disney-Charter conflict gets ugly, and streaming growth slows
▼ + stars: | 2023-09-06 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Media analysts say this dispute could be the beginning of the end for the cable bundle. After a decade of steady decline, the pay TV bundle now appears to be on life support. Charter refuses to pay Disney's higher asking price for its family of networks, including ESPN, without including Disney+ and Hulu in the bundle. The cable giant also wants its customers to have a Disney-free option for a reduced price, which may also be a non-starter. Otherwise, it plans to send its pay TV customers elsewhere.

Persons: Tim Nollen, That's, Jessica Reif Ehrlich, John Hodulik, Hodulik Organizations: Disney, Media, UBS, ESPN, Hulu, Macquarie, Bank of America, Netflix, Charter Locations: imploding

CNN —Public schools in France have been turning away students for breaking a new national ban on the abaya, a long, robe-like garment often worn by Muslim women, as a rights group filed an appeal against the prohibition. A total of 67 girls returned home rather than remove their abayas, Education Minister Gabriel Attal told CNN affiliate BFMTV on Tuesday. The ban has its legal foundation in a law passed in 2004 banning the wearing of “conspicuous” religious symbols in schools. “They say that the abaya is a religious dress, but it’s not at all, it’s not a religious dress, it’s a traditional dress, it’s a dress that all girls wear, both veiled and non-veiled, and so it’s a bit of a problem,” she said. French President Emmanuel Macron has defended the ban, saying it is not “stigmatizing” anyone but “people who push the abaya” are.

Persons: Gabriel Attal, Attal, Musulmans, Vincent Brengarth, ”, Stephane Mahe, Brengarth, Nabil Boudi, it’s, Luke, Julie, Denis, Emmanuel Macron, Hugo Travers, Macron Organizations: CNN — Public, CNN, BFMTV, State Council, Reuters, ADM, Agence, France Presse Locations: France, France’s, Nantes, Villette, Lyon, Paris, Seine

☆ Here’s What It’s Like to Take the Classic Learning Test
▼ + stars: | 2023-09-06 | by ( ) www.nytimes.com time to read: +3 min

Think not, my sisters, that because you must not seek to please secular persons you shall therefore want support. And as you have given up revenues, give up also all care about food -otherwise all is lost. This care leave to Him, who knows how to move all men, who is the Lord of revenues and of their possessors. God forbid this should be done; let our houses be poor and mean in every way. As for those who build large houses, they have their reasons and other pious intentions.

Persons: Teresa of Ávila’s, John Dalton

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Disney, Walmart, Lowe's, Alphabet and more
▼ + stars: | 2023-09-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

TD Cowen upgrades Domino's to outperform from market perform TD said in its upgrade of the stock that it sees upside to same-store sales. Bernstein reiterates Apple as market perform Bernstein said similarities exist between IBM 10 years ago and Apple today. Morgan Stanley reiterates Walmart as overweight Morgan Stanley sees an attractive risk/reward for Walmart shares. RBC upgrades American Express to outperform from sector perform RBC said the credit card company is "best positioned" to outperform. Jefferies reiterates Alphabet as buy The firm is more bullish on Alphabet shares after the company's recent Google Cloud event.

Persons: TD Cowen, Woodward, Uber, Cantor Fitzgerald, Wells, Bernstein, Morgan Stanley, Goldman Sachs, Lamb Weston, Stryker, Baird, Wolfe, Stifel, Jefferies, GOOGL's, We've Organizations: DIS, Media, Apple, IBM, Walmart, Bank of America, of America, Citi, Technologies, UBS, RBC, Dine Brands, Susquehanna, Barclays, Oracle, Vail Resorts, MTN, Google, Nvidia Locations: U.S, North America

☆ After winning his Supreme Court case, a high school football coach has been rehired and is back to praying on the field again
▼ + stars: | 2023-09-03 | by ( Associated Press | ) www.businessinsider.com time to read: +6 min

High school football coach Joe Kennedy is back to coaching and praying on the field after a years-long fight. Kennedy was put on leave in 2015 over a fight with his school regarding praying on the football field. Joe Kennedy strode alone to midfield, knelt, and prayed for about 10 seconds after his Bremerton High School football team beat visiting Mount Douglas Secondary School 27-12 Friday night. The Freedom From Religion Foundation, which works to keep government and religion separate, placed a billboard message near the school that read: "Wishing Bremerton High School a safe, secular & successful school year." In 2015, a dozen members of the Satanic Temple of Seattle went to a varsity football game at Bremerton High School, many dressed in hooded black robes or masks.

Persons: Joe Kennedy, Kennedy, Joe Kennedy strode, everybody's, Neil Gorsuch, Donald Trump, Ron DeSantis, Trump, jeered, what's Organizations: Service, U.S, Supreme, Bremerton High School, Mount Douglas Secondary, . Police, NFL, Florida Gov, Bremerton School, Religion Foundation, School, Seattle, Associated Press Locations: Wall, Silicon, Washington, Iowa, Florida, Bremerton —, Bremerton

☆ Top Wall Street analysts pick these 5 stocks for compelling returns, including Nvidia
▼ + stars: | 2023-09-03 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Nvidia | via ReutersThe macro backdrop is looking challenging as September begins, but analysts have highlighted several stocks that they feel confident about for the long term. Here are five attractive stocks, according to Wall Street's top experts, as rated by TipRanks, a platform that ranks analysts based on their past performance. The company recently reported its fiscal second-quarter results, which crushed Wall Street's expectations, as revenue more than doubled compared to the prior-year quarter. Management expects sequential revenue growth to accelerate in the fiscal third quarter, fueled by AI and cloud infrastructure. He expects the company's AI initiatives to create value for small business owners, consumers, and taxpayers, driving long-term growth and improved profitability.

Persons: INTU PANW, Wall, Harlan Sur, Sur, Ross Seymore, MRVL, Seymore, Keith Bachman, billings, Bachman, Brad Zelnick, Zelnick Organizations: Nvidia, TipRanks, JPMorgan, Marvell Technology, Management, Deutsche Bank, Automotive, Marvell, Palo Alto, Palo Alto Networks, BMO Capital, Palo, Intuit Financial, Intuit Locations: Santa Clara , California, Palo, billings, Palo Alto

☆ Fight the market malaise with these ‘attractive’ stocks, Bank of America and Goldman say
▼ + stars: | 2023-09-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs and Bank of America named an assortment of companies this week that they say have upside in the weeks ahead. NextEra Energy Buy the dip in shares of the renewable energy company, Goldman analyst Carley Davenport says. Endeavor Group Bank of America analyst Jessica Reif Ehrlich said earlier this week that shares of the media company offer "striking value." Endeavor Group- Bank of America, buy rating "An entourage of highly attractive assets. ... .We continue to believe that valuation is attractive..." H World Group Limited- Bank of America, buy rating "Shares weak despite solid results = attractive opportunity.

Persons: Goldman Sachs, Goldman, Carley Davenport, Davenport, she's, Jessica Reif Ehrlich, Reif Ehrlich, BofA, Neil Mehta, Mehta Organizations: Bank of America, CNBC, Marathon Petroleum, Endeavor, H, NextEra, Florida, Endeavor Group Bank of America, WWE, UFC, Media, Entertainment, MPC, Petroleum, ~$ Locations: China

☆ Opinion | Yiddish Is Having a Moment
▼ + stars: | 2023-09-02 | by ( Ilan Stavans | ) www.nytimes.com time to read: +1 min

For a language without a physical address that has come frighteningly close to extinction, Yiddish’s will to live seems inexhaustible. And streaming platforms like Netflix have released series, including “Shtisel,” “Unorthodox” and “Rough Diamonds,” fully or partially in Yiddish. Before World War II, approximately 13 million Jews, both secular and religious, spoke Yiddish. They aren’t multilingual, as secular Yiddish speakers always were. Whereas the part of my extended family who fled to New York and Chicago lost Yiddish along the way, Mexican Jews remained more in the community, continuing to use the language even as they remained secular.

Persons: “ Shtisel Organizations: Netflix Locations: Buenos Aires, Melbourne, United States, Israel, Mexico City, New York, Chicago

CNN —Pope Francis formally began his 8,000-kilometer trip to Mongolia on Saturday, a country sandwiched between Russia and China that has a tiny Catholic population. With just 1,500 Catholics in the entire country, the visit was lacking the usual fanfare and mass crowds typically associated with Pope Francis’ trips abroad. Yang Guang from China told Reuters: “I’m just extremely happy because this is the first time I’ve seen him. He came at the invite of the government and spent the first day resting,Mongolian President Ukhnaagin Khurelsukh signs the honor book alingside Pope Francis on Saturday. China is officially an atheist state, but religious practice is legal in the country – albeit under tight government supervision and surveillance.

Persons: Pope Francis, Pope Francis ’, Pope, Yang Guang, “, I’ve, It’s, I’m, Ukhnaagin Khurelsukh, alingside Pope Francis, Remo Casilli, Madame Tsetsege, ” Pope Francis, Saints Peter, Louise Delmotte, ”, Ukhnaagiin Khurelsukh Organizations: CNN, Reuters, Vatican Media, Chinese Patriotic Catholic Association, Saints, Paul Catholic Cathedral, Vatican News Locations: Mongolia, Russia, China, Ulaanbaatar, Portugal, Mongolian, Moscow, Ukraine

☆ Pope, in Mongolia, sends apparent message to China on Catholic aims
▼ + stars: | 2023-09-02 | by ( Philip Pullella | ) www.reuters.com time to read: +4 min

On his first working day in Mongolia, the government feted the pope with traditional events such a parade including men on horseback dressed as ancient Mongol warriors. Chow, who will be a made a cardinal by the pope this month, told reporters he hoped the Church in Hong Kong could be a "bridge Church" with mainland China. "This is the Church of the world, especially for the margins, and that is a good thing," Chow said. Outside the pope's meeting with Mongolian leaders, about two dozen Catholics from China waved red, five-starred Chinese flags. Reporting by Philip Pullella in Ulaanbaatar; Additional reporting by Joseph Campbell; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Pope Francis, Francis, Jesus, Saints Peter, Paul, Virgin Mary, Hong, Archbishop Stephen Chow, Chow, Oyun, ALBERTO PIZZOLI, I’ve, It’s, I’m, ”, Yang Guang, Cardinal Giorgio Marengo, Cardinal Matteo Zuppi, Zuppi, Philip Pullella, Joseph Campbell, William Mallard Organizations: Catholic, Communist Party, Saints, Mongolia's, REUTERS Acquire, Catholic Church, of, Thomson Locations: ULAANBAATAR, China, Mongolia, Beijing, Vatican, British, Hong Kong, Ulaanbaatar, Asia, of Rome, Shanghai, Kyiv , Washington, Moscow, Ukraine

☆ Opinion | Where Should Agnostics Go on Sundays?
▼ + stars: | 2023-09-01 | by ( Ross Douthat | ) www.nytimes.com time to read: +5 min

So what he’d like — well, here’s the quote:I can easily imagine a “church for the nones.” (It would need a more appealing name.) I could attend a Christian church on Sundays and teach my daughter about other beliefs the rest of the week. With all my reservations, I don’t really want to join an existing church. And I don’t think I am going to have much luck getting my fellow nones to join something I start. My sense is that the people who want what church provides are going to the existing Christian churches, even if they are skeptical of some of the beliefs.

Persons: Perry Bacon, ’, Jessica Grose, Nick Kristof, Bacon, certainties, Doesn’t Bacon, Hasn’t, he’s, I’ve Organizations: The Washington Post, Society for Ethical, Netflix Locations: America, ”

☆ September is the cruelest month for stocks. Pros share their trading tips — and what to buy
▼ + stars: | 2023-09-01 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

The pros share their expectations and tips for how investors can trade in the month ahead. The volatility isn't over The "potential bite" of aggressive Fed policy could lead to more volatility, said Richard Saperstein, chief investment officer at investment firm Treasury Partners, in a Tuesday note. Avoid tech — but not completely Avoid mega-cap tech stocks such as the "Magnificent Seven" now, the pros said, referring to Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla — tech stocks that have made massive gains this year. "Big tech stocks have run and valuations are richer than they have been. Dave Sekera, chief U.S. market strategist at Morningstar, said on Thursday that not all tech stocks are overvalued.

Persons: Richard Saperstein, Ben Kirby, CNBC's, Carol Schleif, George Ball, Sanders Morris Harris, Schleif, Ball, it's, Dave Sekera, Kirby, Thornburg, Morgan Stanley, Andrew Slimmon Organizations: U.S . Federal Reserve, Treasury Partners, Thornburg Investment Management, BMO Family Office, Apple, Microsoft, Nvidia, Tesla, Big Tech, Morningstar, Autodesk, Software, Teladoc, CNBC, CME, Hyatt Hotels, Hotels, Resorts, Hilton Hotels, Morgan, Morgan Stanley Investment, United Rentals Locations: U.S, China, Argentine

CNN —French authorities will be “uncompromising” in their enforcement of a new ban on abayas in schools, French President Emmanuel Macron said Friday, following the decision to ban the robe-like garment in the upcoming academic year. He reiterated that “religious symbols of any kind have no place” in French schools under the country’s principle of “laïcité,” which translates roughly to “secularism” in English. Because this is the very condition that makes citizenship possible and therefore religious symbols of any kind have no place in them. And we will vigorously defend this secularism,” Macron remarked. Last year lawmakers backed a ban on wearing the hijab and other “conspicuous religious symbols” in sports competitions.

Persons: Emmanuel Macron, Danièle Obono, Macron, ” Macron, “, ”, – Organizations: CNN, “, United Nations Human Rights Locations: Vaucluse, France

☆ Lessons learned from hiking the Camino de Santiago in Spain and Portugal
▼ + stars: | 2023-08-31 | by ( James Jeffrey | ) edition.cnn.com time to read: +14 min

Editor’s Note: Monthly Ticket is a CNN Travel series that spotlights some of the most fascinating topics in the travel world. About walking sticksThat first Camino, there was absolutely no way I was using walking sticks. Whatever the percentage, walking sticks help you balance on irregular ground – especially on tricky loose-stoned downhill slopes. Torres way, one of many Camino de Santiago routes, runs from Salamanca to Santiago de Compostela. About embracing the mysticalMany Camino pilgrims end their journey at the Santiago de Compostela Cathedral in Galicia, Spain.

Persons: we’re, Saint James, –, James Jeffrey Walking, you’ll, Ernest Hemingway, ”, James Jeffrey I, James Jeffrey, Torres, ” Jan Morris, Ribera, Spain –, ” Peter Stanford, Paulo Coelho, Richard Aldington, don’t, Coelho, E.M . Forster Organizations: CNN, Port, Saint, Camino, Gran Canaria, Wine, Santiago de Compostela Cathedral Locations: Santiago, ”, Saint, Pamplona, Burgos, Leon, Santiago de Compostela, Camino, Europe, Africa, del Norte, Camino Norte, la Plata, Spain, Salamanca, “, New York, Canary, Rioja, Ribera del Duero, Portugal, Lisbon, Santiago de, Galicia, Portugal's Algarve, extremis

☆ Lessons learned from hiking the Camino de Santiago in Spain
▼ + stars: | 2023-08-31 | by ( James Jeffrey | ) edition.cnn.com time to read: +14 min

☆ Look beyond the 'Magnificent Seven' tech stocks, analyst says — and names 5 top picks
▼ + stars: | 2023-08-31 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

When it comes to picking stocks, Hannah Gooch-Peters of asset management firm Sanlam Investments UK avoids chasing trends. She said she believes investors need to look beyond the "Magnificent Seven," referring to Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla — tech stocks that have made massive gains this year. Sanlam's $5 billion-plus Global High Quality Fund invests in global stocks with a "high quality bias." The companies her firm picks have rather low capital expenditure as a percentage of their sales, she said. It also has a "mortgage-signing technology service which is "really, really exciting," she said.

Persons: Hannah Gooch, Peters, Gooch, We're, it's, you've, That's Organizations: Sanlam Investments, Apple, Microsoft, Nvidia, Tesla, CNBC, Quality Fund, Peters . Services, Yum Brands, KFC, Taco Bell, Intuit, SAP, Intercontinental Exchange, Samsung Electronics

☆ French ban of abaya robes in schools draws applause, criticism
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +3 min

"We were worried by a strong increase in the (the number of pupils) wearing the abaya. Sophie Venetitay, from the SNES-FSU union, said it was key to focus on dialogue with pupils and families to ensure the ban did not mean children will be taken away from state-run schools to go to religious schools. In 2004, France banned headscarves in schools and passed a ban on full face veils in public in 2010, angering some in its five million-strong Muslim community. Abdallah Zekri, vice-chair of the French Council of the Muslim Faith (CFCM), made a similar point, saying Attal's decision was misguided. "The abaya is not religious attire, it's a type of fashion," he told BFM TV.

Persons: Gabriel Attal, Eric Ciotti, Clementine Autain, France Insoumise, Didier Georges, Georges, Samuel Paty, Sophie Venetitay, Pap Ndiaye, Abdallah Zekri, BFM, Juliette Jabkhiro, Tassilo Hummel, Bertrand Boucey, Ingrid Melander, Nick Macfie Organizations: Reuters, FSU, French Council of, Thomson Locations: France, PARIS

☆ Here are Monday's biggest analyst calls: Tesla, Netflix, Disney, Amazon, Alphabet, Nike, Costco & more
▼ + stars: | 2023-08-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

UBS reiterates Netflix as buy UBS said it's standing by its buy rating on shares of the streaming giant. Morgan Stanley reiterates Ambarella as overweight Morgan Stanley said it's bullish on shares of the semiconductor company heading into earnings this week. " UBS reiterates Disney as buy UBS said it's standing by its buy rating on shares of the entertainment giant. Morgan Stanley downgrades CrowdStrike to equal weight from overweight Morgan Stanley said it's cautious heading into earnings later this week. Morgan Stanley names LifeStance Health Group a top pick Morgan Stanley said shares of the behavioral health company are compelling.

Persons: Tesla, Canaccord, it's bullish, it's, Morgan Stanley, Ambarella, JMP, Piper Sandler, Piper, Bernstein, L3Harris, Evercore, Jefferies, Morgan Stanley downgrades CrowdStrike, Zimmer, BTIG, Wells, Dwight, Truist, Wolfe, Stifel, defensives Organizations: UBS, Netflix, Disney, Pagaya Technologies, MCW, OW, JetBlue, " Bank of America, Bank of America, Akero Therapeutics, RBC, Tetra Tech, Tech, Amazon, LifeStance Health, Mobility, UGI Corporation, TAM, Nike, NIKE, Endeavor Group, Media, Entertainment, Costco, AutoZone, Walmart Locations: China, Underperform, ORLY

☆ France to Ban Full-Length Muslim Robes in Public Schools
▼ + stars: | 2023-08-28 | by ( Aurelien Breeden | More About Aurelien Breeden | ) www.nytimes.com time to read: +1 min

France will bar children in public schools from wearing the abaya, a loosefitting, full-length robe worn by some Muslim women, the government said this week. But critics called the ban a discriminatory policing of teenagers’ clothing, fueling yet another debate in France over the way Muslim women dress, which has become a recurring flashpoint in the country’s relations with its Muslim minority. Since 2004, middle and high-school students in France have been barred from wearing “ostentatious” symbols that have a clear religious meaning, like a Catholic cross, a Jewish skullcap or a Muslim head scarf. Since 2011, it has also been illegal to wear a face-covering veil in public in France. While it is popular in the Gulf and in some Arab countries, it does not have a clear religious significance.

Persons: — Locations: France

☆ Stocks like Meta are ‘best positioned’ for a market correction
▼ + stars: | 2023-08-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

"In addition to gaining lending market share, management [is] laser focused on boosting credit card offerings, turning around the wealth management business and growing investment banking revenues," he said. "We think Meta is best positioned vs peers to capitalize on new spend in the industry given ramping Reels and Messaging monetization, easy comps, and increasing Advantage+ adoption," he said. Blackrock "Best positioned for rebalancings. ... We think Meta is best positioned vs peers to capitalize on new spend in the industry given ramping Reels and Messaging monetization, easy comps, and increasing Advantage+ adoption." We view TJX as a market share gainer that is well positioned to benefit from trade-down and reiterate our Buy rating.

Persons: Ebrahim Poonawala, Wells, Poonawala, BofA, Lorraine Hutchinson, TJ Maxx, Hutchinson, TJX, Justin Post, BLK Organizations: Bank of America, CNBC, Meta, TJX Companies, Investor, Facebook Locations: Bank, Blackrock, Wells Fargo, Basel

☆ Analysts see AI boosting Marvell, but warn of other headwinds for the chip stock
▼ + stars: | 2023-08-25 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Wall Street sees a clear opportunity for Marvell Technology to benefit from the artificial intelligence craze. The semi stock retreated more than 4% in premarket trading despite slightly exceeding Wall Street expectations in its quarterly report delivered Thursday. Bank of America analyst Vivek Arya lowered his price target by $5 to $75 but kept his buy rating. And UBS analyst Timothy Arcuri reiterated that Marvell is a favorite AI play with a $75 price target. Moore kept his equal-weight rating while pulling his price target back by $3 to $65.

Persons: Marvell, Refinitiv, Nvidia, Piper Sandler, Harsh Kumar, Goldman Sachs, Toshiya Hari, Hari, Vivek Arya, Arya, Raymond James, Srini Pajjuri, JPMorgan's Harlan Sur, Timothy Arcuri, Morgan Stanley, Joseph Moore, Moore, Michael Bloom Organizations: Marvell Technology, Bank of America, UBS, Marvell, Nasdaq, NVIDIA Locations: qtr

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