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☆ Deutsche Bank upgrades Estee Lauder, says cosmetics stock will get a boost from China reopening in 2023
▼ + stars: | 2022-12-06 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Buy shares of Estee Lauder as China starts to ease Covid restrictions, according to Deutsche Bank. Analyst Steve Powers upgraded shares to buy from hold, saying the higher likelihood Beijing will ease Covid restrictions in March or April raises confidence in the stock. Shares of Estee Lauder came under pressure this year as the beauty company with a high exposure to China dealt with the country's strict Covid restrictions. The analyst expects that Estee Lauder's China business will recover after struggling in 2022. Estee Lauder is expected to have three additional distribution centers over the next half year, with one already open in Guangzhou, according to the note.

☆ Here are Monday's biggest analyst calls: Tesla, Apple, Costco, DoorDash, Berkshire Hathaway & more
▼ + stars: | 2022-11-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Bank of America reiterates Synchrony as buy Bank of America said the financial services company is a "hidden" beneficiary of the PayPal-Apple partnership. Bank of America downgrades Funko to neutral from buy Bank of America said in its downgrade of Funko that it sees a "challenging" holiday for the toy company. Oppenheimer upgrading DoorDash to outperform from perform Oppenheimer said it sees improving margins for the food delivery company. Bank of America reiterates Northrop Grumman as a top pick Bank of America said the company has a "best in class" space business. Oppenheimer reiterates Walmart as buy Oppenheimer said investors should buy the dip heading into Walmart earnings next week.

☆ Stocks making the biggest moves midday: Carvana, Meta, Palantir, Viatris, Walgreens and more
▼ + stars: | 2022-11-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday:Carvana — Carvana shares shed more than 15%, with trading briefly halted at one point due to volatility. Walgreens raised its fiscal year 2025 sales goal for its U.S. health-care business to $14.5 billion to $16.0 billion, from $11.0 billion to $12.0 billion to account for the deal. Viatris — The global health-care company rallied 16% after it announced it intends to create an ophthalmology franchise by acquiring Oyster Point Pharma and Famy Life Sciences. The toymaker's shares shed nearly 60% last Friday after it delivered disappointing quarterly results and issued a weak forward guidance that included a fourth-quarter loss. DoorDash — Shares of the food delivery company rallied 2.5% after being upgraded by Oppenheimer to outperform from perform.

☆ Beer is on pace to lose its leading share of the U.S. alcohol market as spirits surge
▼ + stars: | 2022-10-27 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

This week, Samuel Adams maker Boston Beer debuted Loma Vista Tequila Soda, a ready-to-drink tequila cocktail in both lime and mango flavors. Last year was the 12th consecutive year spirits have taken away market share from beer in the total U.S. alcoholic beverage market, according to a report earlier this year from the Distilled Spirits Council, a national trade organization. The beer category, which includes hard seltzer, accounted for 42% of the U.S. beverage alcohol market in 2021, while spirits accounted for 41%, according to DISCUS. At this trajectory, spirits are pegged to overtake beer in market share in the next few years, even though beer sales have grown. The downward trend of beer market share has also been reflected on the online ordering and alcohol delivery platform Drizly.

☆ Stocks making the biggest moves midday: Snap, American Express, Verizon, Twitter and more
▼ + stars: | 2022-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Snap — Shares of the Snapchat parent company cratered 30% after missing revenue estimates and sharing its slowest sales growth since going public as advertising spending slows. The results from Snap hit other ad-reliant stocks, sending shares of Pinterest and Meta Platforms down about 7.7% and 2.6%, respectively. Twitter — The social media stock sank more than 4% Friday amid a slew of media reports surrounding Twitter and Elon Musk. American Express – Shares of American Express fell about 3.5% even after the bank reported quarterly earnings and revenue that beat analysts' expectations. Huntington Bancshares — Shares gained 8% after the bank operator topped earnings estimates for the third quarter and upped its net interest income outlook for 2022.

☆ Beware of fad stocks. Truly owner, Snap & Zoom have plunged
▼ + stars: | 2022-10-20 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

The Sam Adams brewer, which also owns the hard seltzer brand Truly, is struggling as the popularity of alcoholic seltzer appears to be fading fast. “The continuing decline of the hard seltzer segment … is deeper than previously expected,” said Boston Beer founder and chairman Jim Koch on the company’s earnings call in July. Sam Adams owner Boston Beer made a big bet on Truly Hard Seltzer. Sales have slowed, the company is still losing money, its founders have left, and the stock has plunged nearly 80% this year. E-signature software company DocuSign (DOCU) and virtual health company Teladoc (TDOC) have also plunged this year after getting huge boosts from Covid in 2020.

☆ Stocks making the biggest moves midday: Netflix, Intuitive Surgical, Generac, Winnebago and more
▼ + stars: | 2022-10-19 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The power company also reported preliminary third-quarter results, with earnings per share expected to come in at $1.75 compared to the $3.21 estimate. Netflix — Shares of the streaming media company soared 13.1% after the firm on Tuesday posted better-than-expected results on the top and bottom lines. Netflix also reported the addition of 2.41 million net global subscribers, more than doubling the adds the company had projected a quarter ago. Intuitive also reported growth in its da Vinci procedures of about 20% compared with the third quarter of 2021. Snap — The social media stock climbed 2.5% after Citi added a positive catalyst watch on Snap heading into its earnings results Thursday.

☆ Here are Wednesday's biggest analyst calls: Tesla, Netflix, Apple, Exxon, Robinhood, Alphabet & more
▼ + stars: | 2022-10-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's staying bullish heading into earnings next week. Evercore ISI downgrade Petco to in line from outperform Evercore said in its downgrade of the pet store that it sees too many headwinds. " Evercore ISI downgrades Lowe's to in line from outperform Evercore said in its downgrade of Lowe's that it sees slowing home improvement demand. Evercore ISI downgrades Boston Beer to in line from outperform Evercore said in its downgrade of Boston Beer that estimates are too high. Bank of America reiterates Alphabet as buy Bank of America s aid Alphabet is a "defensive stock with valuation support."

☆ It’s been 35 years since the epic Black Monday crash. What have investors learned?
▼ + stars: | 2022-10-19 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

CNN Business spoke to Jon Hirtle, a broker at Goldman Sachs in 1987, to get his recollections about Black Monday. That’s led some Wall Street veterans to derisively refer to the NYSE as nothing more than a glorified TV studio. Goldman Sachs announced Tuesday that it is merging its trading and investment banking businesses into a single unit. CEO David Solomon said that the move is a “realignment” that will allow Goldman Sachs to better serve its customers. There are growing concerns on Wall Street (and Main Street) about an economic downturn.

☆ Recession or not, investments in this sector have shown resilience in tough times
▼ + stars: | 2022-10-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +13 min

Boston Beer has an average analyst rating of hold and 8% downside to the average price target, according to FactSet. "In a recession, beer tends to gain about one percentage point of share from spirits. How to play the space With that mindset, you shouldn't alter your long-term investments because of a potential recession, Sarwat said. Its average price target is buy. Duckhorn also has an average rating of buy, with 30% upside to the average price target.

☆ Tesla investors try to ignore Musk's many distractions
▼ + stars: | 2022-10-16 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

While that’s good news for Twitter’s long-suffering shareholders, Tesla investors hope he still has some time for them. There are big challenges in China as well, with Tesla going up against homegrown EV rivals like Nio (NIO), Xpeng and Li Auto. Too many distractionsGary Black, managing partner at the Future Fund and a Tesla shareholder, has been tweeting for the past few weeks that concerns about Twitter are a headache for Tesla investors. In one tweet, Black said there are several problems for Tesla due to Twitter. The underwhelming deliveries and production numbers also underscore how a slowing global economy (and possible recession) could hurt Tesla.

☆ Investing Club: The week in review, the week ahead — Oct. 14, 2022
▼ + stars: | 2022-10-14 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Club trades for the week Monday Bought 20 shares of Constellation Brands (STZ); Trust owns 390 shares of STZ. On Wednesday, the September producer price index was reported to have risen 0.4% monthly, double the expectation. On Thursday, the September consumer price index was also reported to have increased 0.4% monthly, above the expectation for a 0.3% increase. Excluding automobile sales, sales were up 0.1% slightly ahead of the expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Jim Koch used 2 strategies when creating Samuel Adams 38 years ago. Here's what other entrepreneurs can learn from the $4 billion company's founder.
▼ + stars: | 2022-09-27 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +5 min

Jim Koch founded the Boston Beer Company, the maker of Samuel Adams, in 1984. The bottle is a Samuel Adams, a mainstay on shelves alongside American beer brands like Budweiser and Miller. The Boston Beer Company, which he founded in 1984, now owns Angry Orchard, Truly Hard Seltzer, and Twisted Tea. The billionaire founder and brewmaster said the strategies that made him successful 38 years ago are the same ones that continue to improve Samuel Adams beer today. "In my mind, there is a perfect Sam Adams Boston Lager.

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