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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBusiness deposits need to be insured across the industry, says Stifel's Ron KruszewskiRon Kruszewski, chairman and CEO Of Stifel Financial, joins 'The Exchange' to discuss government intervention in deposit insurance, First Republic Bank's mounting financial troubles, and Stifel's venture banking expansion.
According to Stifel's Barry Bannister, the market is on a road to nowhere for almost the next decade. "Easy money is behind us, the hard money is now," the firm's chief equity strategist told CNBC's "Fast Money" this week. The price earnings multiple comes down." But it's a strategy "Fast Money" trader Dan Nathan questions during a sluggish market. "I do not think you want to be overweight small caps right here," said RiskReversal Advisors principal Dan Nathan.
Samsung's plan to cut memory chip production signals a potentially sooner-than-expected recovery for the broader memory chip market, according to Wall Street. Investors seemed to laud the news, sending shares of Micron Technology and Western Digital up about 8% each on Monday. Citi analyst Christopher Danely called the news a "huge positive" for the dynamic random access memory, or DRAM, industry. But while the cuts from Samsung should help ease some pricing pressures, caveats persist, with Morgan Stanley's Joseph Moore expecting a "fairly muted" upturn from the production cuts and slow margin recovery even in 2024. "Investors are much more excited than industry contacts around this, given obvious green shoots implied from production cuts," he wrote.
Pioneer Natural Resources (PXD) is an oil stock worth owning on its own merits. But a fresh report that Exxon Mobil (XOM) could acquire the Club holding would likely unlock even more value. "That's not to say if Exxon Mobil offered a 25% premium, it wouldn't be done. If you saw a 25% premium, I think that would bring them to the table because, let's be realistic, every independent wants to be acquired by Exxon Mobil." Pioneer's attractiveness stems in large part from its quality acreage and low oil price breakevens, at roughly $39 per barrel.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe political will to increase deposit insurance is not there, says Stifel's Brian GardnerNicolas Veron, senior fellow at The Peterson Institute for International Economics, and Brian Gardner, Stifel chief Washington policy analyst, join 'Power Lunch' to discuss the SVB hearing, the need for congressional action on guaranteeing small bank deposits, and locating capital for insuring deposits.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Stifel's Brian Gardner and The Peterson Institute's Nicolas VeronNicolas Veron, senior fellow at The Peterson Institute for International Economics, and Brian Gardner, Stifel chief Washington policy analyst, join 'Power Lunch' to discuss the SVB hearing, the need for congressional action on guaranteeing small bank deposits, and locating capital for insuring deposits.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Silicon Valley Bank fallout impacted tech industry, according to Stifel's Mark MayMark May, managing director at Stifel Global Technology Group, joins 'Closing Bell: Overtime' to discuss how the ongoing banking turmoil impacts the tech sector and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Garcia Hamilton Associates' Gilbert Garcia and Stifel's Lindsey PiegzaGarcia Hamilton Associates' Gilbert Garcia and Stifel's Lindsey Piegza join 'Power Lunch' to discuss Fed hikes going forward, the impact of Silicon Valley Bank's crisis on Fed policy and expectations for upcoming CPI data.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's been clear a rate increase will cause a necessary period of pain, says Stifel's Lindsey PiegzaGarcia Hamilton Associates' Gilbert Garcia and Stifel's Lindsey Piegza join 'Power Lunch' to discuss Fed hikes going forward, the impact of Silicon Valley Bank's crisis on Fed policy and expectations for upcoming CPI data.
Fourteen of those 18 analysts rate the stock a buy, or buy equivalent, compared with four who maintain hold ratings. But Goldman Sachs was the only bank to raise its stock rating on Nvidia, to buy from neutral, making its research note on the chipmaker Thursday's most notable. In addition to now recommending clients buy Nvidia stock, Goldman boosted its 12-month price target to $275 a share from $162. Big picture NVDA 1Y mountain Nvidia's stock performance over the past 12 months. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Meta Platforms is turning its focus toward efficiency, and analysts seem to like the narrative shift from the battered technology giant. "Our management theme for 2023 is the 'Year of Efficiency' and we're focused on becoming a stronger and more nimble organization." META YTD mountain Meta Platforms shares have already surged 27% this year Analysts also seemed to praise the company's move to lower its outlook for capital expenditures and operating expenses. The word "efficiency" came up over 25 times on the company's earnings call, according to Morgan Stanley's Brian Nowak. The analyst has an outperform rating on Meta and hiked his price target to $275, which implies upside of nearly 80%.
Improving Reels engagement is boosting analysts' confidence in the short-form video platform's ability to compete with TikTok. META 1D mountain Meta Platforms shares surged more than 28% Thursday, on pace for their best day since 2013. Looking ahead, some analysts believe that Reels plays a dominant role in improving Facebook's efficiency. Easing TikTok tensions As for TikTok, some analysts say Reels is in position to overtake the short-form video leader that finds itself under increasing pressure as calls for a nationwide bans grow. JPMorgan analyst Doug Anmuth views improving Reels engagement trends and artificial intelligence investments as a way to temper threats from TikTok.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel's inventory surplus contributed to the Q4 miss, says Stifel's Ruben RoyRuben Roy, Stifel managing director & applied technology analyst, joins 'Power Lunch' to discuss Intel's Q4 earnings upset and the reasons behind the estimates miss.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with JPMorgan's Meera Pandit and Stifel's Lindsey PiegzaMeera Pandit, JPMorgan Asset Management global market strategist, and Lindsey Piegza, Stifel chief economist, join CNBC's 'Squawk Box' to discuss CPI expectations, Fed policy outcomes, and market indicators.
A "super-bear" could send the stock market to new lows later this year if inflation soars again, according to Stifel. "Major S&P 500 'super-bear' downside in 2023 likely pivots on whether commodity prices again soar," Stifel said. Those three stages include disbelief, "which may be the 2022 decline we have seen for commodity prices," Bannister said. The only problem for stock market investors is such a cycle in commodities could take years to play out. That's why investors should closely monitor commodity prices, inflation, and the Fed's response to gauge whether a "super-bear" market is poised to jolt stock prices.
He sees the price to earnings ratio of the S & P 500 cut in half over the decade as earnings per share double, leaving the index little changed overall. Stifel forecasts that in 2031, the S & P 500 will be about flat with its Dec. 30, 2021 peak level. Stifel's forecast is that the S & P 500 will reach 4,300 in the first half of 2023, but the investment bank sees the index falling if crude oil rises sharply. One other data point supports modest to no returns in the S & P 500 over the next decade. The S & P 500 relative to commodities fell below its 122-year trend, which usually signals flat returns in the next ten years.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCongress is signaling a bumpy road ahead and a potential repeat of 2011, says Stifel's Brian GardnerBrian Gardner, Chief Washington Policy Strategist at Stifel, joins Worldwide Exchange to discuss the latest on the House Speaker vote.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI expect a shallow and somewhat short-lived recession, says Stifel's PiegzaLindsey Piegza, Stifel chief economist, and Quincy Krosby, LPL Financial chief global strategist, join Brian Sullivan and the 'CNBC Special: Taking Stock 2023' to discuss
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart and Target are still the best plays in a tough neighborhood, says Stifel's AstrachanMark Astrachan, Stifel retail and consumer analyst, joins 'Power Lunch' to discuss if Wall Street will see a year-over-year decline in holiday spending, how he would play the retail space and his rating on Costco.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Stifel's Barry Bannister and Rockefeller's ChangBarry Bannister, chief equity strategist at Stifel, and Jimmy Chang, Rockefeller Global Family Office CIO, join 'Squawk on the Street' to discuss the bear market rally, the difference in the narrative between treasuries and equities, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSEC's customer protection rule needs to be extended to crypto to avoid another FTX, says Stifel's KruszewskiRon Kruszewski, Stifel CEO, joins 'The Exchange' to discuss congressional regulation on crypto post FTX bankruptcy.
Biogen hires former Sanofi head Viehbacher as CEO
  + stars: | 2022-11-10 | by ( Manas Mishra | ) www.reuters.com   time to read: +2 min
The appointment of Viehbacher, who founded private equity firm Gurnet Point Capital after being ousted from French drugmaker Sanofi (SASY.PA) in 2014, concludes a months-long search for a successor to Michel Vounatsos. "The selection of a new CEO has been front-of-mind for Biogen investors since Mr. Vounatsos' announced departure," said Wedbush analyst Laura Chico. Investors and analysts are now pinning their hopes on the second Alzheimer's drug Biogen is developing with Japan's Eisai Co Ltd (4523.T) after it slowed the progress of the memory-robbing disease by 27% in a trial. Viehbacher served as chief executive of Sanofi for six years and was instrumental in the company's $20 billion deal for Genzyme in 2011. Viehbacher will step into his role on Nov. 14, Biogen said.
At the end of the day it's gridlock, says Stifel's Brian Gardner
  + stars: | 2022-11-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAt the end of the day it's gridlock, says Stifel's Brian GardnerBrian Gardner, Stifel chief Washington policy analyst, joins the 'Halftime Report' to discuss midterm results, the bipartisan coordination needed to pass legislation and the populist wing of the republican party.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou're looking at a choppy market for at least 12 months, says Stifel's Barry BannisterTracie McMillion, head of global asset allocation strategy at Wells Fargo Investment Institute, and Barry Bannister, chief equity strategist at Stifel, join 'Squawk on the Street' to discuss if McMillion is excited about equities right now, Bannister's thoughts on Tuesday's midterm elections and if equities will take their cue from the bond market.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wells Fargo's Tracie McMillion and Stifel's Barry BannisterTracie McMillion, head of global asset allocation strategy at Wells Fargo Investment Institute, and Barry Bannister, chief equity strategist at Stifel, join 'Squawk on the Street' to discuss if McMillion is excited about equities right now, Bannister's thoughts on Tuesday's midterm elections and if equities will take their cue from the bond market.
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