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☆ Here are 21 stocks Jim Cramer is watching Thursday, including GE, Target and Kellogg
▼ + stars: | 2023-08-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Kellogg (K) has many critics but 52-week low, pure snacks and break-up value for classic brands is high. Applovin (APP) surprise blow-out quarter for marketing company that uses machine learning to figure out advertising. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Ralph Lauren, Kellogg, McCormick, Baird, Akamai, JACK, Morgan Stanley, Warby Parker, Oppenheimer, Jim Cramer's, Jim Cramer, Jim, Daniel Acker Organizations: IAC, SBA Communications, BofA, Mizuho, Realty, Barclays, General Electric, GE, PT, Deutsche Bank, Jim Cramer's Charitable, CNBC, Target Corp, Bloomberg, Getty Locations: France, BofA, Chicago , Illinois

☆ European stocks outperform as Italy soothes bank tax nerves
▼ + stars: | 2023-08-09 | by ( Naomi Rovnick | ) www.reuters.com time to read: +4 min

[1/2] Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. MSCI's broad index of global shares (.MIWD00000PUS) was 0.2% higher in European afternoon trade. Europe's regional Stoxx 600 (.STOXX) share index rose 0.9%, with bank stocks (.SX7P) around 1.6% higher. Italy's FTSE MIB share index gained 1.8%. "The burden-sharing of the costs and benefits from higher rates has a habit of becoming a political issue," Deutsche Bank strategist Jim Reid said.

Persons: Toby Melville, Jim Reid, China's, Naomi Rovnick, Stella Qiu, Sydney, Ellen Zhang, Christina Fincher, David Evans Organizations: London Stock Exchange, REUTERS, China CPI, Wall Street, Deutsche Bank, Federal Reserve, Nasdaq, Moody's, U.S . National Federation of Independent, Wednesday, U.S . Treasury, BCA, Reserve, Brent, U.S . West Texas, Thomson Locations: Canary Wharf, London, Britain, China, Italy, Thursday's U.S, U.S, Saudi Arabia, Beijing

☆ Italy windfall tax: European bank stocks bounce after tax blow is watered down
▼ + stars: | 2023-08-09 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Banking stocks in Italy and elsewhere in Europe rebounded Wednesday after the country watered down a plan to whack its banks with a surprise one-off 40% tax on their windfall profits. The government’s climbdown eased investors’ fears over European banks more broadly. The Stoxx Europe 600 Banks index, which tracks 42 big banks in the European Union and the United Kingdom, gained 1.7% after shedding 3.5% the previous day. Late Monday, the government said it would impose a one-off windfall tax of 40% and would use the proceeds to support first-time home buyers and cut taxes for families and businesses. Several European countries, including Spain and the Czech Republic, have announced taxes on banks’ windfall profits in the past year as interest rate hikes by central banks have beefed up many lenders’ earnings.

Persons: ’, Giancarlo Giorgetti, Remo Casilli, Jeremy Hunt, Moody’s Organizations: London CNN — Banking, Banco, European Union, Reuters, Deutsche Bank, DB, Bank Locations: Italy, Europe, United Kingdom, Rome, Spain, Czech Republic

☆ Here's how analysts say to trade Disney ahead of its earnings announcement
▼ + stars: | 2023-08-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

DIS YTD mountain Disney shares' YTD performance Ahead of the company's quarterly release, several Wall Street analysts have lowered their performance forecasts. The new price target suggests shares could rally 45% from Tuesday's close. He cut his price target to $105 from $110. Finally, Deutsche Bank analyst Bryan Kraft lowered his price target, citing lower advertising revenue and underperformance at the box office. His new price target is $120, down from $131.

Persons: Wednesday's, Goldman Sachs, Goldman, Brett Feldman, John Hodulik, Vijay Jayant, Morgan Stanley, Benjamin Swinburne, Bryan Kraft, Kraft, — CNBC's Michael Bloom Organizations: Disney, Investors, Penn Entertainment, ESPN, ESPN Bet, Disney World's, UBS, Hollywood, Deutsche Bank, Kraft Locations: Tuesday's

☆ China slips into deflation, fueling more calls for economic stimulus
▼ + stars: | 2023-08-09 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Shop and factory prices both fell in China last month, according to data released Wednesday. That means the country is suffering deflation for the first time in over two years. It's the latest in a long list of concerns for Beijing as China's post-COVID rebound fizzles out. That's another economic worry for Beijing, which is also contending with faltering growth, skyrocketing youth unemployment, and massive amounts of debt. The data released Wednesday is likely to lead to more calls for fiscal stimulus, according to analysts.

Persons: Hargreaves, Steve Clayton, Jim Reid Organizations: Service, Privacy, China, National Bureau of Statistics, CPI, PPI, Deutsche Bank Locations: China, Beijing, Wall, Silicon

☆ Here are Tuesday's biggest analyst calls: Apple, Home Depot, Tesla, Adobe, Walmart, Disney and more
▼ + stars: | 2023-08-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Walmart as overweight Morgan Stanley said it's still bullish heading into Walmart earnings Aug. 17. Deutsche Bank reiterates Estée Lauder as buy Deutsche Bank said it sees a "difficult" quarter when Estée Lauder reports earnings next week. Citi opens a negative catalyst watch on Spirit Airlines Citi opened a negative catalyst watch on the discount airline and said it sees a "bumpy ride" to gain regulatory approval for the merger with JetBlue. Citi reiterates TJX Companies as buy Citi said it's bullish heading into earnings next week. JPMorgan downgrades Freshpet to neutral from overweight JPMorgan said it downgraded Freshpet mainly on valuation.

Persons: Tesla, We'll, Truist, DraftKings, Ralph Lauren, Morgan Stanley, it's, Fisker, Estée Lauder, Telsey, JPMorgan Organizations: BMO, Adobe, Bank of America, of America, Management, Walmart, UW, Deutsche Bank, Citi, Spirit Airlines Citi, JetBlue, Watch, JPMorgan, Boston, Networks, Disney, UBS, Apple, FX, TJX Companies, Cellular, USM, US Cellular Locations: China, Orlando

☆ UPS is on path toward profitable long-term growth, says Deutsche Bank's Amit Mehrotra
▼ + stars: | 2023-08-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUPS is on path toward profitable long-term growth, says Deutsche Bank's Amit MehrotraAmit Mehrotra, Deutsche Bank transports analyst, and Alicia Reese, Wedbush, join 'Power Lunch' to give the read on UPS and AMC earnings.

Persons: Bank's Amit Mehrotra Amit Mehrotra, Alicia Reese, Wedbush Organizations: Deutsche Bank, UPS, AMC

☆ Factbox: European countries imposing windfall taxes on banks
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +4 min

But he and Finance Minister Bruno Le Maire have ruled out the possibility of a windfall tax. HUNGARYHungary's government has tweaked windfall taxes imposed on key sectors of the economy in a decree published in June, saying banks can reduce their 2024 windfall tax payments by up to 50% if they increase their Hungarian government bond purchases. ITALYItaly approved on Aug. 8 a one-off 40% tax on profits banks reap from higher interest rates and it plans to use the proceeds to help mortgage holders. LITHUANIALithuania's parliament approved in May a windfall tax on the banking industry's net interest income for 2023 and 2024 following a sharp rise in European Central Bank interest rates. It is expected to raise 6 billion Swedish crowns a year.

Persons: Ralph Orlowski, Emmanuel Macron, Bruno Le Maire, Christian Lindner, Alessandro Parodi, Matteo Allievi, Olivier Sorgho, Silvia Aloisi, Tom Sims, Holger Hansen, Marta Frąckowiak, Alexander Smith Organizations: Germany's Deutsche Bank, REUTERS, Finance, HUNGARY Hungary's, European Central Bank, Swedish Government, Thomson Locations: Frankfurt, Germany, Italy, CZECH REPUBLIC, Czech, France, GERMANY, HUNGARY, ITALY Italy, LITHUANIA, SPAIN Spain, SWEDEN, Britain

An employee of a private security company stands in front of the logo of commodities trader Glencore during the company's annual shareholder meeting in Cham, Switzerland May 24, 2017. Analysts at Deutsche Bank had expected half-year earnings of $9.9 billion, while Citi's estimate was $11.4 billion. The company announced additional returns of around $2.2 billion, including a $1 billion special dividend and a $1.2 billion share buyback programme that will run until February 2024. Glencore in June offered to buy Teck's coal business as a standalone unit, having been rebuffed twice in its $22.5 billon bid to combine the two companies. As part of the deal, Glencore would spin-off and merge its thermal coal business with Teck's steelmaking coal one to form a separate New York-listed company.

Persons: Arnd, Glencore, Gary Nagle, Nagle, MARA, didn't, Bunge, Clara Denina, Pratima Desai, Kirsten Donovan Organizations: REUTERS, Canada's, Canada's Teck Resources, Tinto, Teck Resources, Deutsche Bank, Citi, U.S, Thomson Locations: Cham, Switzerland, Canada's Teck, Teck, China, New York, London, U.S

☆ Analysts give their reads on LLY, UPS & AMC earnings
▼ + stars: | 2023-08-08 | 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 EmailAnalysts give their reads on LLY, UPS & AMC earningsMohit Bansal, Wells Fargo equity analyst, Amit Mehrotra, Deutsche Bank transports analyst, and Alicia Reese, Wedbush, join 'Power Lunch' to give the read on Eli Lilly, UPS and AMC earnings.

Persons: Amit Mehrotra, Alicia Reese, Wedbush, Eli Lilly Organizations: UPS, AMC, Deutsche Bank Locations: Wells Fargo

☆ Italy slaps 40% windfall tax on bank profits
▼ + stars: | 2023-08-08 | by ( ) edition.cnn.com time to read: +1 min

European bank shares tumbled on Tuesday after Italy approved a 40% windfall tax on banks for 2023, sending shivers across the sector that has recorded surging profits as global interest rates have risen. A gauge of euro zone banks fell 3.7%, and was set for its biggest daily drop since the turmoil in the banking sector in March, when Credit Suisse collapsed. Analysts at Bank of America estimated the new tax could cost Italian banks between 2% and 9% of their earnings. For 2023 alone, Italy will tax 40% of banks’ net interest margin, a measure of income banks derive from the gap between lending and deposit rates. Proceeds from the windfall tax will be used to help mortgage holders and cut taxes, Italy’s deputy prime minister said.

Persons: shivers, Intesa, ”, Gilles Guibout, Stuart Cole Organizations: Credit Suisse, Axa Investment, Bank of America, Spain’s Banco Santander, Germany’s Deutsche Bank, DB, Reuters, Equiti Locations: Italy, Europe, Spain, Paris

☆ Gazprom subsidiary files $472-million lawsuit against UniCredit in Russia
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +1 min

Unicredit Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoMOSCOW, Aug 7 (Reuters) - RusKhimAlyans, 50%-owned by Russian gas giant Gazprom (GAZP.MM), has filed a lawsuit seeking 45.7 billion roubles ($472 million) from Italy's UniCredit [RIC:RIC:UCCDB.UL], a guarantor of a project held up by EU sanctions, Russian court documents show. The court documents were filed at the Court of Arbitration of St Petersburg and the Leningrad Region. In January, the same court ordered nearly $500 million of assets belonging to Linde , to be frozen at RusKhimAlyans's request. ($1 = 96.8150 roubles)Reporting by Elena Fabrichnaya; Writing by Alexander Marrow; Editing by Kevin LiffeyOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Linde, Elena Fabrichnaya, Alexander Marrow, Kevin Liffey Organizations: REUTERS, Gazprom, Deutsche Bank, Linde, Industries, Ust, Thomson Locations: Petersburg, Leningrad Region, Baltic, Ust, Russia, Ukraine

☆ Morning Bid: Wall St set for rebound after worst week since March
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +3 min

A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. "The sell off in back-end rates is concerning," Anshul Sehgal, Goldman Sachs co-head of U.S. rates trading, said in an emailed note to clients. Futures on Wall Street , , are signaling a slightly higher open, although European equities (.STOXX) are shedding around 0.4% - playing catch up following a late drop on Wall Street on Friday - and Asian shares were a fraction lower on Monday. The more upbeat Wall Street mood might be because a tightening in financial conditions could give the Fed another excuse to ease off the pedal when it comes to further tightening or even cut rates sooner. Meanwhile, the number of companies reporting earnings is set to slow sharply, with 33 S&P 500 (.SPX) and 55 STOXX 600 companies reporting this week, according to Deutsche Bank.

Persons: Carlo Allegri, Samuel Indyk, Sehgal, Goldman Sachs, Goldman's Sehgal, June's, Bowman, Bernadette Baum Organizations: New York Stock Exchange, REUTERS, Bank of Japan, Treasury, Wall, Fed, CPI, Deutsche Bank, Reuters, Tyson Foods, Thomson Locations: New York, U.S

☆ Tim Cook says he's using Apple's $3,500 Vision Pro headset daily. There are still no photos.
▼ + stars: | 2023-08-04 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Tim Cook wants you to know that he's using the Apple Vision Pro every single day. The Vision Pro is a major step into virtual reality, and is Apple's biggest launch since the iPhone. Tim Cook wants everyone to know he's apparently using Apple's upcoming Vision Pro headset every day, though not enough to share a selfie. A quick recap: The Apple Vision Pro is, to all intents and purposes, the company's shot at a virtual-reality headset. "There's enormous excitement around the Vision Pro," Cook insisted during the firm's quarterly earnings call Thursday.

Persons: Tim Cook, Mark Zuckerberg's, Cook, that's, We're, Sidney Ho, Alistair Barr, Apple Organizations: Apple Vision, Apple, Vision, Deutsche Bank, Apple's, Conference, VR

☆ Drought threatens major European river trade route with ripples across the continent
▼ + stars: | 2023-08-04 | by ( Lucy Handley | ) www.cnbc.com time to read: +3 min

Barges of coal at the inland harbor in Duisburg, on the river Rhine in Germany, on Thursday, July 20 2023. The river Rhine, an important trade route that runs through Germany via European cities to the port of Rotterdam, has become shallower at critical points. As water levels go down, a vessel's capacity reduces and shipping costs rise, with prices increasing as rivers become shallower. Water levels at Kaub are closely followed, and if they fall too low, vessels have to sail with reduced loads. Ben Kilb | Bloomberg | Getty ImagesFalling water levels can "significantly impair" manufacturing output, according to the Kiel Institute for the World Economy (IFW).

Persons: Ben Kilb, Lloyd, Tim Beckhoff, we've, Marc Schattenberg, Schattenberg, Beckhoff, Goarshausen Organizations: Bloomberg, Getty, Maersk, Hapag, McKinsey, CNBC, Deutsche Bank ., Deutsche Bank, Kiel Institute Locations: Duisburg, Germany, Europe, Rotterdam, Kaub, Frankfurt, Karlsruhe, St

☆ Qualcomm shares tumble as phone chip sales falter. Here's what the pros are saying
▼ + stars: | 2023-08-03 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts on Qualcomm . The experts, including Jim Cramer , talked about the semiconductor company a day after it had reported fiscal third-quarter adjusted revenue and guidance that missed estimates. Qualcomm cited slowing smartphone chip sales as a source for its financial woes, which declined 25% on a year-over-year basis. Deutsche Bank noted the slumping handset chip sales as it downgraded Qualcomm's stock to hold from buy. Shares finished Thursday down 8.2%.

Persons: Jim Cramer Organizations: Qualcomm, Deutsche Bank

☆ Here are Thursday's biggest analyst calls: Apple, Qualcomm, Roku, Etsy, Roblox, Robinhood, Sunrun and more
▼ + stars: | 2023-08-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

TD Cowen upgrades Ross to outperform from market perform TD Cowen said consensus is "underestimating [a] margin recovery" for Ross. TD Cowen downgrades Columbia to market perform from outperform TD Cowen said demand looks muted for Columbia Sportswear . Bernstein downgrades Etsy to market perform from outperform Bernstein said it's concerned about slowing growth. Piper Sandler reiterates Crocs as overweight Piper Sandler said the shoe company is "underpinned by +DD [double digit] earnings growth and compelling valuation." Citi reiterates Apple as buy Citi said it's standing by its buy rating heading into Apple earnings after the bell.

Persons: TD Cowen, Ross, Cowen, Bernstein, Etsy, it's, Piper Sandler, Crocs, CROX, QCOM, Jefferies, Simon, Telsey, Roblox, Morgan Stanley, Robinhood, Janney, Coke Organizations: TD Cowen downgrades Columbia, Columbia, Buyers, Citi, Deutsche Bank, Qualcomm, Apple, Simon, Bank of America, UBS, Costco Locations: underperform, Wingstop, 1Q22

☆ Deutsche Bank downgrades Qualcomm as smartphone slump pressures chipmaker
▼ + stars: | 2023-08-03 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Deutsche Bank is moving to the sidelines on Qualcomm as a slump in the smartphone market puts pressure on the company. Analyst Ross Seymore downgraded the chipmaker's stock to hold from buy and cut his price target by $10 to $120. For the fiscal third quarter quarter, the company posted $8.44 billion in adjusted revenue, while analysts polled by Refinitiv forecasted $8.5 billion. J.P. Morgan analyst Samik Chatterjee maintained his overweight rating on Qualcomm, but lowered his December 2024 price target by $11 to $148. UBS analyst Timothy Arcuri maintained his neutral rating and $130 price target on the company.

Persons: Ross Seymore, Seymore, Meta —, Morgan, Samik Chatterjee, Timothy Arcuri, — CNBC's Michael Bloom Organizations: Deutsche Bank, Qualcomm, Apple, Huawei, Refinitiv, Meta, Edge, UBS Locations: Wednesday's, IoT

☆ Stocks making the biggest moves premarket: Qualcomm, Moderna, PayPal and more
▼ + stars: | 2023-08-03 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

PayPal — Shares declined more than 8% after the company posted earnings that were in line with analysts' predictions Wednesday post market. Revenue came in higher than anticipated, with PayPal posting $7.29 billion, versus analysts' estimates of $7.27 billion. Clorox — The household good manufacturer's shares jumped nearly 7% after posting an earnings and revenue beat in the second quarter. Qorvo — The stock rallied 6.8% after the company beat analyst expectations on top and bottom lines in the second quarter. Unity Software — The software company surged about 5% after Unity exceeded analysts' estimates for revenue in the second quarter.

Persons: Jefferies, Albemarle, Roku, Clorox, Qorvo, FactSet, —, Alex Harring, Sarah Min, Jesse Pound Organizations: Qualcomm, Refinitiv, Deutsche Bank, JPMorgan, UBS, Moderna, Southwest Airlines —, PayPal —, Refinitiv . Revenue, PayPal, Citi, Management, Apple, Unity Software, Technology, BMO Capital Markets

☆ Qualcomm stock drops 10% as phone chip sales dive
▼ + stars: | 2023-08-03 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Amon Cristiano, CEO of Qualcomm, speaks on "Squawk Box" at the WEF in Davos, Switzerland, on Jan. 17, 2023. Qualcomm's third-quarter earnings beat on the top line, reporting adjusted earnings per share of $1.87 versus a Refinitiv consensus estimate of $1.81 per share. Qualcomm expects earnings of between $1.80 and $2 per share on sales ranging from $8.1 billion to $8.9 billion. Analysts had been hoping for $1.91 per share earnings and $8.7 billion in revenue, according to a Refinitiv survey of analysts. Qualcomm is more exposed than most because of its heavy reliance on high-end and low-end Android phone sales.

Persons: Amon Cristiano, Ross Seymore, —, Leswing, Michael Bloom Organizations: Qualcomm, Deutsche Bank Locations: Davos, Switzerland

☆ U.S. markets may not see lasting impact from Fitch downgrade
▼ + stars: | 2023-08-02 | by ( Susan Mathew | ) www.reuters.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. Early moves in U.S. financial markets on Wednesday indicated some aversion to riskier assets as investors assessed the impact of the surprise downgrade. The dollar climbed 0.2%, after slipping broadly in the wake of the downgrade. "Investors have lived through the S&P downgrade in 2011 and remember coming away unscathed. "We see the market impact from the downgrade news as ultimately limited, and Friday's jobs report could trump the downgrade news as monetary policy is still the dominant driver for yields."

Persons: Brendan McDermid, Steven Zeng, Jay Barry, Data, J.P.Morgan, Fitch, Goldman Sachs, Jan Hatzius, Moody's, Susan Mathew, Saumyadeb Organizations: New York Stock Exchange, REUTERS, P Global, Nasdaq, Treasury, Fitch, Deutsche Bank, Federal Reserve, Gross, AAA, Aaa, U.S ., U.S, Thomson Locations: New York City, U.S, Bengaluru

☆ 'A short-term glitch:' Wall Street pros shrug off the effect of Fitch's downgrade on markets
▼ + stars: | 2023-08-02 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The Dow Jones Industrial Average fell more than 200 points Wednesday after the downgrade as traders weighed the move. US10Y 1Y mountain 10-year yield 1-year However, Wall Street strategists mostly took the downgrade in stride. The S & P 500's 17% rally this year and the Nasdaq Composite's 33% advance had some traders worrying that equities have surged "too far, too fast." Stovall's S & P 500 year-end target is at 4,575 . Goldman Sachs' Jan Hatzius said Tuesday the downgrade will have "little direct impact" on financial markets.

Persons: Fitch, Janet Yellen, Sam Stovall, Stovall's, Wells Fargo's Christopher Harvey, Goldman Sachs, Jan Hatzius, Steven Zeng, Management's Yung, Yu Ma, Ma, CFRA's Stovall, Deutsche Bank's Zeng, Michael Bloom Organizations: U.S ., Fitch, AAA, Dow Jones, Treasury, Street, Nasdaq, Deutsche, BMO Locations: Washington, U.S, Tuesday's

☆ Wall Street analysts are conflicted on AMD after its earnings
▼ + stars: | 2023-08-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

AMD may be nearing the end of its rally, according to some Wall Street analysts. Following the earnings report, Bank of America reiterated its neutral rating on the stock while lifting its price target by just $2 to $132. Although the firm raised its price target to $115 from $110, it still remains 2.2% below Tuesday's close. We also thought investors would eventually tire of the expensive valuation of AMD stock and we were wrong on that count as well. AMD shares gained 1.2% Wednesday during premarket trading.

Persons: Vivek Arya, Harlan Sur, Sur, Ross Seymore, Goldman Sachs, Toshiya Hari, Morgan Stanley, doesn't, Joseph Moore, Moore, Christopher Danely, Danely, —, Michael Bloom Organizations: AMD, Bank of America, JPMorgan, Deutsche Bank, Data, Citi Locations: 2H23

☆ Here's the trade on AMD ahead of earnings, according to top analysts
▼ + stars: | 2023-08-01 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

AMD YTD mountain AMD year to date Analysts are expecting AMD's fiscal second-quarter revenue to come in at $5.32 billion, per StreetAccount. While recent results have been disappointing , AMD has embraced the AI story as investors look for the next Nvidia , he said. It has a hold rating and $110 price target, implying nearly 4% downside from Monday's close. Its $138 price target suggests nearly 21% upside ahead. TD Cowen is also bullish, maintaining its outperform rating and raising its price target to $135 from $115.

Persons: Lisa Su, Bernstein, Stacy Rasgon, Rasgon, Morgan Stanley, Joseph Moore, Cowen, Michael Bloom Organizations: AMD, Global, IDC, Nvidia, Deutsche Bank

☆ Apple expected to post third consecutive down quarter, but its forecast is more important
▼ + stars: | 2023-08-01 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

David A. Grogan | CNBCEmerging markets and ChinaSome analysts are eager to see Apple give data points on India sales. India became one of Apple's top five iPhone markets during the quarter, according to analyst estimates. If Apple stockpiled parts and has enough to make what it needs to produce, it could help margins, analysts say. Wall Street likes to see Apple's services business grow regularly and smoothly, because the margins on services are so much higher than when Apple sells hardware. Apple suggested a 5% year-over-year increase in services, and FactSet's estimates more than $20.7 billion in revenue.

Persons: Tim Cook, Valley's Allen, David A, Cook, D.A, Davidson, Tom Forte, Piper Sandler, Harsh Kumar, Kumar, Apple, Sidney Ho, Wells, Aaron Rakers Organizations: Company, Grogan, CNBC, Apple, Google, Apple Pay, Services, Deutsche Bank, Bloomberg Locations: Sun Valley , Idaho, China, India, Hong Kong, Taiwan

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