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☆ Here are Tuesday's biggest analyst calls: Apple, Coinbase, Walmart, Roku, Nvidia, Amazon & more
▼ + stars: | 2023-02-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Tuesday's biggest calls on Wall Street: KeyBanc reiterates Apple as overweight KeyBanc said Apple has "significant" growth potential. Evercore ISI downgrades XPO to in line from outperform Evercore said it sees an unfavorable risk/reward for the logistics company. Evercore ISI downgrades First Solar to in line from outperform Evercore said it sees a slowing solar market. Bank of America reiterates Burlington as buy Bank of America said the discount retailer is well positioned for a margin recovery. Bank of America reiterates Roku as underperform Bank of America said it's bearish heading into Roku earnings on Wednesday.

☆ Biden's IRA has left Europe blind-sided. And playing catchup could lead to 2 big mistakes
▼ + stars: | 2023-02-02 | by ( Silvia Amaro | ) www.cnbc.com time to read: +5 min

"U.S. legislation doesn't pass overnight," Emre Peker, director at the consultancy group Eurasia, told CNBC, adding that the EU could have acted faster. Luisa Santos, deputy director at BusinessEurope, a group of business federations, told CNBC that "it is still a bit early to say who will invest where." watch nowBelgian Prime Minister Alexander de Croo told CNBC that more state aid "is not a good answer." Several other experts have also raised concerns about easing state aid rules. Slow to respondIn addition to challenges with state aid relaxation, timing is also a risk.

☆ Roth IRA conversion taxes may be trickier than you expect. Here's what to know before filing — or converting funds in 2023
▼ + stars: | 2023-01-22 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

For example, let's say you have a pretax IRA of $20,000 and you made a non-deductible IRA contribution of $6,000 in 2022. Of course, the bigger your pretax IRA balance, the higher percentage of the conversion will be taxable, May said. Alternatively, a larger non-deductible or Roth IRA balance reduces the percentage. But here's the kicker: Taxpayers also use the Form 8606 to report non-deductible IRA contributions every year to establish "basis" or your after-tax balance. Typically, he aims to "fill up a lower tax bracket," without bumping someone into the next one with Roth conversion income.

☆ Unions press Biden administration to not change EV tax credit rules
▼ + stars: | 2023-01-20 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 20 (Reuters) - Major unions and public interest and environmental groups are urging President Joe Biden to reject efforts by the European Union and other foreign governments to revise U.S. electric vehicle tax incentives. Foreign governments have been pressing the Biden administration to do more to expand credit eligibility. The letter rejected the suggestion from foreign governments that the EV tax incentives violate World Trade Organization and free trade rules. The EU in December praised the U.S. Treasury Department decision to allow EVs leased by consumers to qualify for up to $7,500 in commercial clean vehicle tax credits. South Korea, Europe and some automakers in December had sought approval from Treasury to use the commercial electric vehicle tax credit to boost consumer EV access.

To combat the issue of employees forgetting their old 401(k) accounts, Capitalize finds your old account(s) and coordinates the IRA rollover for you. If you indicate that you don't already have an IRA, Capitalize will walk you through opening one. While Capitalize can help you roll your old 401(k)s into a new IRA or an existing IRA, the platform can't help you roll your old account into your current employer's 401(k) account. Bottom lineOverall, Capitalize provides an accessible way for finding old 401(k) accounts and rolling them into an IRA. The platform's features account for some common hang-ups when it comes to 401(k) management, such as not knowing who holds their old 401(k) account or not having an IRA account to serve as a destination for the old 401(k) account's funds.

☆ Goldman Sachs: Buy these 20 stocks poised for up to 50% upside over the long term as inflation cools down in 2023
▼ + stars: | 2023-01-05 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +4 min

Inflation is expected to cool down in 2023, partly due to the Inflation Reduction Act. Last March, Fed Chair Jerome Powell embarked on an aggressive interest rate-hiking cycle, while President Joe Biden signed the Inflation Reduction Act in August. 20 stocks to profit from taming inflationAccording to Lee, IRA tailwinds could drive over 50% upside in earnings or stock prices in 20 select stocks as early as 2023. Surprisingly, the 20 stocks poised to benefit from IRA also included names from energy services and financials, two sectors with "underappreciated upside," Lee wrote. Below are the 20 stocks Lee and his team identified as the biggest IRA beneficiaries.

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Hostess, Home Depot, Rivian, Netflix & more
▼ + stars: | 2022-12-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Tuesday's biggest calls on Wall Street: Atlantic Equities names Coca-Cola as a top 2023 pick Atlantic Equities said it sees "category momentum" for shares of the beverage giant. JPMorgan reiterates Apple as overweight JPMorgan cut its price target on Apple to $190 per share from $200 due to supply chain challenges concerns. JPMorgan names Amazon as a top 2023 pick JPMorgan said Amazon is the "most diversified mega-cap across revs/profit & has numerous large growth opportunities." JPMorgan resumes DuPont as overweight JPMorgan resumed coverage of the stock and said it sees several positive catalysts ahead. JPMorgan names Bank of America a top 2023 pick JPMorgan said it likes the stock due to a "lower share of nonprime consumer loans."

☆ Robinhood to pay a 1% 'match' on customer contributions to retail individual retirement accounts
▼ + stars: | 2022-12-06 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

The retail brokerage will pay a 1% "match" on contributions its customers make to a Robinhood individual retirement account, the firm said Tuesday. The firm is billing it as the first-ever match paid to retail IRA customers (i.e., outside of a workplace retirement plan.) A 401(k) match is a common retirement benefit offered by employers that sponsor a workplace retirement plan. How the match worksA 401(k) match is generally structured as a share of employee contributions. There aren't any contribution or account minimums to get the Robinhood match, and trades don't carry commissions.

☆ Italy urges EU subsidy package in response to U.S. IRA scheme
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +1 min

ROME, Dec 5 (Reuters) - Italian Economy Minister Giancarlo Giorgetti on Monday called for a common European Union approach to support competitiveness and protect strategic production, in response to the massive subsidies in the United States' Inflation Reduction Act (IRA). The EU fears that the $430 billion IRA scheme, with its generous tax breaks for domestic production of energy sector components, may lure away EU businesses and disadvantage European companies, from car manufacturers to makers of green technology. "We are in favour of a European IRA plan with the objective of reducing inflation," Giorgetti said in a statement issued on the sidelines of a meeting with fellow euro zone finance ministers in Brussels. Giorgetti said the EU should act in a united fashion rather than follow a country-by-country approach. Reporting by Giuseppe Fonte; Editing by Gavin Jones and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Wall Street is skeptical of GM's ambitious EV plans
▼ + stars: | 2022-11-18 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

DETROIT – Wall Street is skeptical of General Motors' plans to produce profitable electric vehicles years ahead of schedule and substantially bring down battery costs amid supply chain problems and broader economic concerns. GM's average rating is overweight with a 12-month target price of $47.77 per share, according to analysts compiled by FactSet. That would be years ahead of schedule and mean a dramatic decline in the automaker's battery costs amid supply chain problems, cyclical demand concerns and potential shortages in raw materials. It boosted its cash flow guidance to between $10 billion and $11 billion, up from $7 billion and $9 billion. Here are comments from other analysts as well as their ratings and price targets for GM following the investor event.

☆ Wolfe Research says buy First Solar, a 'uniquely positioned' clean energy stock poised to rally nearly 30%
▼ + stars: | 2022-10-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

First Solar is well-positioned to fend off growing clean energy competition, according to Wolfe Research. Analyst Steve Fleishman upgraded the solar stock to an outperform rating in a note to clients Friday, citing an improving long-term outlook. Fleishman set a $170 price target on the stock, suggesting shares can rally nearly 30% from Thursday's close. The stock has already surged more than 50% this year and 7% this month as investors set their sights on clean energy alternatives. Fleishman also views First Solar as a "uniquely positioned" clean energy stock in a rising-rate environment.

Pros Check mark icon A check mark. No monthly service fees Check mark icon A check mark. Pros Check mark icon A check mark. More Information Keep up to $1 million in an accountInterest compounded daily, paid monthlyFDIC insuredThe Bread Savings High-Yield Savings Account is another solid high-yield savings account. Pros Check mark icon A check mark.

A tanker truck used to haul oil products operates at an oil facility near Brooks, Alberta, Canada April 18, 2018. Oil and gas is Canada's highest-polluting sector, but also contributes around 7.5% annually to national GDP and is a major employer in Alberta. The province has already "invested or committed" C$1.8 billion ($1.3 billion) to develop CCS, Puddifant said. Over the last decade, the Alberta government has invested in infrastructure including the Quest carbon capture project, operated by Shell (SHEL.L) and the Alberta Carbon Trunk Line. In March, Alberta picked six proposals to move forward on developing a carbon storage hub near Edmonton.

☆ Canada promises industry it will respond to U.S. inflation act
▼ + stars: | 2022-10-19 | by ( Ismail Shakil | ) www.reuters.com time to read: +2 min

OTTAWA, Oct 19 (Reuters) - Canada must strengthen its incentives meant to help industry scale up clean technologies after the United States passed massive investments in August to accelerate the green transition there, the finance minister said on Wednesday. The Inflation Reduction Act (IRA) was signed into law by U.S. President Joe Biden and contains incentives for consumers and businesses as the United States seeks to drastically cut its carbon emissions. Register now for FREE unlimited access to Reuters.com RegisterThere are "elements" of the IRA that Canada needs to "respond to," she said. Canada should avoid new stimulus in the FES, analysts told Reuters last week. Governments in Europe and Asia have raised complaints about parts of the act impacting their industries.

Highest savings account rates: October 17, 2022 UFB Elite SavingsBask Bank Interest Savings AccountCIT Bank Savings Connect AccountBread Savings High-Yield Savings AccountLendingClub High-Yield Savings AccountBrioDirect High-Yield Savings AccountCredit Karma Money Save AccountPersonal Capital Cash AccountTAB High-Yield Savings Account Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Pros Check mark icon A check mark. More Information Keep up to $1 million in an accountInterest compounded daily, paid monthlyFDIC insuredThe Bread Savings High-Yield Savings Account is another solid high-yield savings account. Pros Check mark icon A check mark. High APY Check mark icon A check mark.

☆ Morgan Stanley says 30% sell-off in ‘clean tech’ is overdone, predicts one stock could triple
▼ + stars: | 2022-10-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

The recent sell-off in clean tech is a good buying opportunity, according to Morgan Stanley. Clean tech stocks bounced after the IRA, but then reversed as part of broader risk-off sentiment, renewed interest rate sensitivity and a rotation from high-growth and unprofitable tech stocks, analyst Stephen Byrd wrote in a note Friday. "The recent move in clean tech stocks is overblown and doesn't reflect fundamental changes in the outlook for clean energy," Byrd said. "We expect the IRA will drive significant demand for clean energy technologies and accelerate clean hydrogen growth in the US — this view has not changed over the last two months despite the clean tech selloff." Solar energy company Sunrun is a "significant" IRA winner, but has given up most of the gains it made on the legislation, Byrd pointed out.

☆ Wells Fargo cuts Tesla price target, cites rising interest rates
▼ + stars: | 2022-10-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Expect rising interest rates to weigh on Tesla moving forward, Wells Fargo says. "While IRA will help in 2023, the economy and interest rates likely will not, particularly in Europe where an energy crisis looms," Langan wrote. Despite the target cut, Langan upped earnings per share estimates for Tesla, citing benefits from the Inflation Reduction Act and foreign exchange headwinds. Wells Fargo also expects a strong dollar to weigh on the company's average selling price. "We forecast a slight Q3 beat as the benefit of pricing will likely be offset by FX headwinds," Langan wrote.

Highest savings account rates: October 10, 2022 UFB Elite SavingsBread Savings High-Yield Savings AccountLendingClub High-Yield Savings AccountBrioDirect High-Yield Savings AccountBask Bank Interest Savings AccountCredit Karma Money Save AccountCIT Bank Savings Connect AccountPersonal Capital Cash AccountTAB High-Yield Savings Account Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Pros Check mark icon A check mark. High interest rate Check mark icon A check mark. Pros Check mark icon A check mark. More Information Keep up to $1 million in an accountInterest compounded daily, paid monthlyFDIC insuredThe Bread Savings High-Yield Savings Account is another solid high-yield savings account.

☆ This solar power stock could double as more people install panels, Northland says
▼ + stars: | 2022-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Solar energy company Sunrun could see its share price double as it grows is residential business, according to Northland Capital Markets. Analyst Abhishek Sinha initiated Sunrun at a $60 price target, which would be a nearly 100% jump from its current price of $30.24. Sinha said the company stands to gain as the residential solar market grows 10% to 15% each year in 2022 and 2023 despite headwinds. "We believe this is just the very beginning of a secular bull market thesis as residential solar should become more widely prevalent greatly benefiting companies like RUN," Sinha said in a note to clients. Sinha cited data from Wood Mackenzie showing solar deployment should increase by 40% over the next few years, further bolstering the expectation of increasing demand .

How you can start buying stocks today401(k) or IRA A common method for everyday investors to put aside their money is by using either a 401(k) or an individual retirement account (IRA). Fidelity Investments Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. Vanguard Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. For example, Betterment doesn't require clients to maintain a minimum investment account balance, but there is a ACH deposit minimum of $10. Wealthfront Learn More On Wealthfront's secure site Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected.

Because it doesn't require a credit history or credit score, secured credit cards are an appealing option for building a credit history. How secured credit cards workTraditional credit cards use undisclosed mathematical algorithms that rope in credit score, income, and payment history to determine your credit limit. Step 2: Find which secured credit card is right for youMost major credit card companies, including banks and credit unions, offer a secured credit card option. Though secured credit cards offer a way to build credit, they are subject to the same rules as normal credit cards. With little-to-no prior credit requirements, secured credit cards are one way to reestablish credit or start a credit history.

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