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Its price target of $4,380 suggests nearly 18% upside from Friday's close. "We expect numbers to reset lower (again) with the downward revision a negative catalyst for the multiple, and the margin story likely being pushed out to 2025," wrote analyst Christian Carlino. Analyst Anthony Powell accompanied the move by raising his price target to $204 from $194, implying a potential 15% rally for the stock. The investment firm upgraded the airline stock to market-perform from underperform, boosting its price target to $32 from $26. His price target of $338 per share implies upside of just 5% from Friday's close.

Persons: Bernstein, Evercore, Piper Sandler, Brian Mullan, Mullan, — Jesse Pound, Aaron Kessler, — Michelle Fox, JPMorgan downgrades Holley, Holley, Christian Carlino, Carlino, HLLY, hasn't, — Lisa Kailai Han, AvalonBay, Anthony Powell, Powell, AVB, Lisa Kailai Han, Joshua Shanker, Morgan Stanley, bullish Tesla, Tesla, Adam Jonas, Jonas, Russell Quelch, Quelch, MSCI, Arun Viswanathan, Viswanathan, Rosenblatt, Hans Mosesmann, Mosesmann, Michael Linenberg, Linenberg, David Vernon, David Raso, Raso, Assuredness, Fred Imbert, ~$ ~$ Organizations: CNBC, Airlines, Southwest Airlines, Deutsche Bank, JetBlue, Caterpillar, Foods, . Restaurant, Seaport Research, Booking Holdings Seaport Research Partners, Booking Holdings, JPMorgan, Barclays, Bank of America, AIG, of America, Tesla Network, RBC, Ball Corporation, Markets, Ball Corp, Aerospace, BAE Systems, Ball, Micro Computer, Super Micro Computer, Micro, ASM, Spirit Airlines, Bernstein, Spirit, Boeing Max, ISI, CAT Locations: Southwest, Friday's

☆ Vinted cofounder Milda Mitkute shares the shopping app's path from 2 a.m. house party startup to $3.8B success
▼ + stars: | 2024-02-18 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a conversation with Milda Mitkute, the cofounder of second-hand shopping app Vinted. But when you have 30,000 people on your site you need more servers and those invoices started going up to 200 euros. AdvertisementBut when we asked girls in Germany, France, and the US why they used Vinted, it was all about selling to earn some extra cash, authenticity, finding unique clothes, and consuming more sustainably. A life divided into projectsWhen you're young you think that the more you work, the more you're going to create. Mitkute stepped back from Vinted in 2017 and is no longer on the board but remains a shareholder.

Persons: —, Milda Mitkute, Vinted, Justas Janauskas, Justus, VIRGINIE LEFOUR, Getty, let's, Jonas Gratzer, Malvina, I've, It's, Mitkute Organizations: Service, Business, Vinted, Accel Partners, Facebook, Spotify Locations: Vilnius, Lithuania, Czech Republic, Germany, Soviet, France, Vinted

☆ Analysis: Taylor Swift would win any popularity contest against MAGA
▼ + stars: | 2024-02-18 | by ( Harry Enten | ) edition.cnn.com time to read: +12 min

Taylor Swift performs at the Staples Center in Los Angeles in 2015. From Taylor Swift On her birthday in 2019, Swift shared this photo of herself as a child. From Taylor Swift A 13-year-old Swift sings the National Anthem before an NBA game in Philadelphia in 2002. John Mabangalo/Pool/Getty Images Swift performs during a sold-out show at New York's Madison Square Garden in 2009. Ethan Miller/Getty Images Swift performs onstage at the Staples Center in Los Angeles during her 1989 tour in 2015.

Persons: CNN — It’s, Donald Trump, Taylor Swift, Joe Biden’s, Swift, she’s, Trump, Oprah Winfrey, Michael Smerconish, Winfrey, Barack Obama, Obama, Hillary Clinton, Christopher Polk, Scott, Andrea Swift, Jesse D, Tim McGraw, Kevin Winter, John Mabangalo, Chad Batka, Bryan Bedder, Larry Busacca, Miley Cyrus, Lucas Till, Hannah Montana, Sam Emerson, Everett, Jonas, Frank Masi, Taylor, I'm, West, Beyonce, Jeff Kravitz, Lucy Nicholson, Christopher Morris, Josh Haner, Kevin Mazur, James Taylor, Charles Sykes, Matt Sayles, Mark J, Terrill, Invision, Jimmy Fallon, Douglas Gorenstein, Nicholas Harvey, Kanye West, Kim Kardashian, Laraine Newman, Bill Hader, Taran Killam, Kristen Wiig, Keenan Thompson, Fred Armisen, Kerry Washington, Betty White, Bradley Cooper, Dana Edelson, Andrea, Ethan Miller, Tim Boyles, Selena Gomez, Jordan Strauss, Mike Coppola, John Shearer, Andrew Lloyd Webber, Brandon Urie, Katy Perry, Republic Records Jack Antonoff, Aaron Dessner, Will Heath, Seth Wenig, Terence Rushin, Travis Kelce, Patrick Smith, propping, It’s, birther, There’s Organizations: CNN, Monmouth University, Marist College, Trump, Democratic, Biden, Staples Center, NBA, of Country, Garden, New York Times, New York's Rockefeller Center, Walt Disney Co, Kanye, Madison, MTV, NBC, ACM, Academy of Country, Getty, New York's Metropolitan Museum of Art, Universal Pictures, Coachella, Republic Records, New York University, Kansas City Chiefs, Chiefs, AFC, Super, Swift, Republicans, NFL, Republican Locations: America, Monmouth, Los Angeles, West Reading , Pennsylvania, Philadelphia, Las Vegas, New York, Auburn Hills , Michigan, Newark , New Jersey, Pennsylvania, Frankfurt, Germany, London, Arlington , Texas, Tampa, Chicago, Atlanta, United States, Hawaii

Hockey is coming back to the New Jersey Meadowlands in a big way this weekend with MetLife Stadium serving as the venue for the NHL's Stadium Series. These games will influence the playoff hopes for all the teams with less than two months left in the regular season. Photos You Should See View All 22 ImagesNHL Deputy Commissioner Bill Daly wasn't sure if any of the 39 previous outdoor games had as much playoff implication. Brodeur, who started for the Devils in an outdoor game at Yankee Stadium against the Rangers in 2014, said the organization wants the players to embrace the game. You gotta block those noises.”It's the first time the league scheduled outdoor games on consecutive days with fans.

Persons: Bill Daly wasn't, ” Daly, Hall, Martin Brodeur, Brodeur, “, ” Brodeur, Travis Konecny, Lindy Ruff, ” Ruff, Jon Ledecky, ”, Keegan Kolesar, Jonas Brothers, Steve Mayer, Stephen Whyno, Allan Kreda, Willie Ramirez Organizations: Four Metropolitan Division, Hockey, New Jersey Meadowlands, MetLife, New, New Jersey Devils, Philadelphia Flyers, Rangers, Islanders, Flyers, Devils, Eastern, NHL, Hall of Famer, Meadowlands, Rockies, Newark, Yankee, Stanley, ” Islanders, Parc Ferland, Vegas Golden Knights, Seattle, Vegas Locations: RUTHERFORD, N.J, New York, Philadelphia, New Jersey, Colorado, Lake Tahoe , Nevada, Alberta, Canada, New York City, Montreal

☆ This Monzo cofounder is set to launch a new startup with Index and General Catalyst in talks to invest, sources say
▼ + stars: | 2024-02-13 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Monzo cofounder Jonas Templestein is in talks to raise funds for a new startup, sources told BI. Top investors such as Index and General Catalyst are among those in discussions to back the startup. AdvertisementA cofounder of British fintech unicorn Monzo is set to raise funds from a smattering of high-profile investors for a new venture, Business Insider understands. Now, he's primed to raise around $5-6 million at a $50 million valuation cap for a new startup, two sources said. This story is available exclusively to Business Insider subscribers.

Persons: Jonas Templestein, Catalyst, — Organizations: Service, Business Locations: Monzo

☆ These cheap turnaround candidates have 20% upside potential, says Jefferies
▼ + stars: | 2024-02-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Technology-adjacent stocks outperformed in January, while cyclical sectors such as property and automobiles lagged behind, wrote Desh Peramunetilleke, Jefferies' global head of quantitative strategy. Another stock Peramunetilleke highlighted was automotive manufacturing firm General Motors , down 7% in the last year. The majority of analysts covering the name rate it as a buy, with consensus price targets estimating a nearly 28% upside for the stock. Analysts are overwhelmingly bullish on the name, with the average price target indicating a 17% upside for the stock. Other names belonging to Jefferies' basket of stocks with potential upside include Kinder Morgan , Starbucks , eBay and United Airlines .

Persons: Jefferies, Peramunetilleke, Hershey, AllianceBernstein, Alexia Howard, Morgan Stanley, Adam Jonas, Oppenheimer, Kinder, — CNBC's Michael Bloom Organizations: Technology, Hershey, Motors, General Motors, Citi, Kinder Morgan, Starbucks, eBay, United Airlines Locations: USA, U.S

LOS ANGELES (AP) — D'Angelo Russell scored 30 points, Austin Reaves added 27 and the Los Angeles Lakers rode a spectacular 87-point first half to a 139-122 victory over the New Orleans Pelicans on Friday night. Anthony Davis added 20 points as Los Angeles dominated on the second night of a back-to-back set, surging ahead with a 51-point second quarter and staying in front throughout the second half. With Russell's 21 points leading the way, all five starters scored at least 12 while Los Angeles hit 11 3-pointers and 67.4% of its shots overall. “I thought we started the game well, but that second quarter got away from us. The Lakers responded with 51 points in the second, led by 16 from Russell and 12 by Reaves.

Persons: — D'Angelo Russell, Austin Reaves, LeBron James, Rui Hachimura, Anthony Davis, ” Reaves, “ It’s, ” Russell, ” Davis, “ Rui, ” Zion Williamson, Brandon Ingram, Willie Green, “, Russell’s, they’re, Spencer Dinwiddie, Rob Pelinka, Dinwiddie, “ We've, He's, ” Jonas Valanciunas, Davis, Russell, Reaves, Max Christie, spraining, Darvin Ham, Cam, ___ Organizations: ANGELES, Los Angeles Lakers, New Orleans Pelicans, Lakers, Los Angeles, New, Los, Pelicans, ” Pelicans, Denver, Western Conference, Brooklyn, Dallas ’, Madison, Nets, Dallas, Clippers, Ingram, Saturday, Detroit Locations: Los, New Orleans, Los Angeles, Toronto, Brooklyn, Williamson, Portland

☆ Mikaela Shiffrin: Ski superstar tells CNN she was ‘lucky’ to escape major damage in high-speed crash
▼ + stars: | 2024-02-08 | by ( Ben Church | Don Riddell | ) edition.cnn.com time to read: +7 min

CNN —US skiing star Mikaela Shiffrin has set no timeline for her return to the slopes as she continues her recovery process following a high-speed crash in January. “This one, to be honest, I kind of saw it coming from the air, a little bit,” she added. “I was trying to avoid that scenario, but it also happens fast enough there’s not a lot you can do about it. Shiffrin rushed to his side at the hospital and was with him when he woke up from surgery. He just makes everyone around him smile.”Mikaela Shiffrin says she was lucky to avoid serious injury during a crash last month.

Persons: Shiffrin, ”, CNN Sport’s Don Riddell, ” Shiffrin, Aleksander Aamodt Kilde, “, Mikaela Shiffrin, Jonas Ericsson, Kilde, he’s, we’ve, Sofia Goggia, “ You’re, “ I’m, Taylor Swift, Travis Kelce, , I’ve Organizations: CNN, Agence, Federation, Kansas City Chiefs, San Francisco 49ers, Chiefs Locations: Italy, Andorra, Norwegian, Wengen, Switzerland, Italian, Ponte di Legno

“What we’ve seen with the Taylor Swift tour is something that we’ve not really seen before,” said Richard Clarke, an analyst at investment firm Bernstein. Taylor Swift performs at the Staples Center in Los Angeles in 2015. From Taylor Swift On her birthday in 2019, Swift shared this photo of herself as a child. From Taylor Swift A 13-year-old Swift sings the National Anthem before an NBA game in Philadelphia in 2002. John Mabangalo/Pool/Getty Images Swift performs during a sold-out show at New York's Madison Square Garden in 2009.

Persons: Tokyo CNN —, Taylor, Travis Kelce, Taylor Swift, we’ve, ”, Richard Clarke, Bernstein, “ It’s, TikTok she’d, curating, Kane Ishiyone, Swift, –, Ishiyone, Richard A, Brooks, Clarke, “, that’s, Christopher Polk, Scott, Andrea Swift, Jesse D, Tim McGraw, Kevin Winter, John Mabangalo, Chad Batka, Bryan Bedder, Larry Busacca, Miley Cyrus, Lucas Till, Hannah Montana, Sam Emerson, Everett, Jonas, Frank Masi, I'm, West, Beyoncé, Jeff Kravitz, Lucy Nicholson, Christopher Morris, Josh Haner, Kevin Mazur, James Taylor, Charles Sykes, Matt Sayles, Mark J, Terrill, Invision, Jimmy Fallon, Douglas Gorenstein, Nicholas Harvey, Kanye West, Kim Kardashian, Laraine Newman, Bill Hader, Taran Killam, Kristen Wiig, Keenan Thompson, Fred Armisen, Kerry Washington, Betty White, Bradley Cooper, Dana Edelson, Andrea, Ethan Miller, Tim Boyles, Selena Gomez, Jordan Strauss, Mike Coppola, John Shearer, Andrew Lloyd Webber, Brandon Urie, Katy Perry, Republic Records Jack Antonoff, Aaron Dessner, Will Heath, Seth Wenig, Terence Rushin, David Eulitt, Mitsumasa Etou, Akazawa, haven’t, It’s, Michele Bullock Organizations: Tokyo CNN, People, Kansas City Chiefs, Taylor, Getty, Super Bowl, Chicago Bears, dateline, Vegas, Staples Center, NBA, of Country, Garden, New York Times, New York's Rockefeller Center, Walt Disney Co, Kanye, Madison, MTV, NBC, ACM, Academy of Country, New York's Metropolitan Museum of Art, Universal Pictures, Coachella, Republic Records, New York University, Arrowhead, Chiefs, NET, Tokyo City University, Fuji, Tokyo, Reserve Bank of Australia, Reuters Locations: Tokyo, Las Vegas, Philippines, Fukuoka, Japan, Germany, Austria, Netherlands, Shibuya, AFP, Asia, Washington, Las Vagas, Los Angeles, West Reading , Pennsylvania, Philadelphia, New York, Auburn Hills , Michigan, Newark , New Jersey, Pennsylvania, Frankfurt, London, Arlington , Texas, Tampa, Chicago, Atlanta, Kansas City , Missouri, Asia Pacific, Singapore, Australia, East Coast

☆ Earnings playbook: Your guide to another big week of reports, including Disney and Ford
▼ + stars: | 2024-02-04 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

This quarter: The fast food giant is expected to report earnings and revenue growth in the high-single digits, per LSEG. What history shows: McDonald's beats earnings expectations 57% of the time, according to Bespoke Investment Group. What history shows: Ford earnings exceed expectations 69% of the time, Bespoke data shows. Disney is set to report earnings after the bell. What history shows: Disney shares have risen in each of the last two earnings days, and the company beats earnings expectations 78% of the time, Bespoke data shows.

Persons: McDonald's, Dennis Geiger, Stephens, Joshua Long, Ford, Morgan Stanley, Adam Jonas, Jonas, Ronald Josey, Kannan Venkateshwar Organizations: Technologies, CNBC, UBS, Investment, Tuesday, Management, Wall, Ford, UAW, U.S, automakers, Citi, Disney, Barclays Locations: U.S

BERLIN (AP) — At least 150,000 people gathered in front of the German national parliament Saturday afternoon to protest against the far right, the latest in a string of large weekend demonstrations across Germany. Some members of the far-right Alternative for Germany party, or AfD, were present at the meeting. Saturday’s protest drew more participants than organizers expected, despite intermittent rain showers in the German capital. Similar protests against the far right in other German cities, including the southern city of Freiburg and the western city of Hannover, also drew thousands of attendees on Saturday. Polls show AfD is the top party in eastern Germany, including in the states of Brandenburg, Saxony and Thuringia, which are scheduled to hold elections this fall.

Persons: —, ”, Jonas Schmidt, Kathrin, Olaf Scholz Organizations: BERLIN, Germany, Police, Bundestag Locations: Germany, Freiburg, Hannover, Bremen, Brandenburg, Saxony, Thuringia, Hamburg, Munich

☆ CNBC Daily Open: More mega tech earnings in spotlight
▼ + stars: | 2024-02-02 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

The share price of Facebook stock is seen at the Nasdaq stock market in New York. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street ralliesWall Street closed on a positive note Thursday. He added cutting back spending plans for electric vehicles could actually help Ford to impress Wall Street investors.

Persons: Meta, Ford, Morgan, Adam Jonas Organizations: Nasdaq, CNBC, Federal Reserve, Dow, Meta, Apple, Amazon Web Services, Ford, U.S, automakers, Wall Locations: New York, China

☆ Morgan Stanley names Ford its new top pick among U.S. automakers
▼ + stars: | 2024-02-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

A rocky transition to electric vehicles in the U.S. could be a blessing in disguise for one of the country's legacy automakers, according to Morgan Stanley. Analyst Adam Jonas named Ford the investment bank's top pick among U.S. automakers in a note to clients Thursday. Jonas said scaling back spending plans for EVs can help Ford impress Wall Street. Morgan Stanley has a price target of $15 per share on Ford, which is about 28% above where the stock closed Wednesday. F 1D mountain Shares of Ford rallied on Thursday afternoon after Morgan Stanley named the stock a top pick.

Persons: Morgan Stanley, Adam Jonas, Ford, Jonas, Tesla Organizations: U.S, Wall, Ford, General Motors, GM, Investments, EV Locations: U.S

Morgan Stanley raised its price target on General Motors. 6:56 a.m.: Morgan Stanley calls Bloom Energy a 'secular winner' Morgan Stanley reiterated its overweight rating on Bloom Energy , naming it an underappreciated AI beneficiary. The firm also maintained its $22 price target on shares, which suggests shares surging more than 94% from where they closed on Wednesday. — Hakyung Kim 6:14 a.m.: Morgan Stanley steps to the sidelines on ZoomInfo ZoomInfo Technologies is "unlikely to zoom into a recovery," according to Morgan Stanley. — Hakyung Kim 5:40 a.m.: Morgan Stanley raises GM price target A focus shift back to internal combustion engine vehicles can give General Motors another jolt higher, according to Morgan Stanley.

Persons: Morgan Stanley, Andrew Percoco, — Hakyung Kim, Antonio Reale, Reale, Hakyung Kim, Elizabeth Porter, Porter, Richard Choe, Choe, Jefferies, NYCB, Jon Arfstrom, Arfstrom, Christopher Danely, Danely, Bank of America's Tal Liani, Liani, Samik Chatterjee, Chatterjee, Adam Jonas, Jonas, — Fred Imbert Organizations: CNBC, General Motors, Qualcomm, Citi, Bloom, Bloom Energy, Bank of America, Santander Santander, Santander, ZoomInfo, JPMorgan, T, RBC, New York, Bancorp New, Bancorp New York Community, Bank, NYCB, Citi Citi, chipmaker Qualcomm, Samsung, Bank of America's, GM Locations: Spanish, Spain, Santander, Europe, U.S, Wednesday's, Bancorp New York

☆ Why scientists are killing millions of Chinese mitten crabs
▼ + stars: | 2024-01-30 | by ( Nell Lewis | ) edition.cnn.com time to read: +8 min

CNN —Named after the dense mats of hair on their front claws, Chinese mitten crabs are intimidating creatures. Scientists across the continent are looking for ways to reduce the mitten crab population, and in doing so protect the native ecosystems being destroyed by the invasive species. Schoelynck says that scientists in Europe have reported crabs that are a hybrid of both the Chinese and Japanese species of mitten crabs. While mitten crabs are a seasonal delicacy in China, Schoelynck says that they have little meat and therefore aren’t popular in the European market. However, the crabs collected in one of the Belgium traps go to a local zoo to be used as animal feed, he says.

Persons: CNN —, It’s, “ Clancy, ”, Jonas Schoelynck, Van Loon, Schoelynck, Björn Suckow, Alfred Wegener, Clancy, Heleen, Suckow Organizations: CNN, University of Antwerp, Flanders Environment Agency, EU, Alfred, Alfred Wegener Institute Locations: Europe, Bremen, Germany, Asia, Flanders, Belgium, France, Sweden, It’s, Lier, Belgian, China

Analyst Ronald Epstein downgraded the stock to neutral from buy and lowered his price target to $225 from $255. The new price target implies just 5% upside from Wednesday's close. Analyst Jed Kelly has an outperform rating and $44 price target on shares, implying 14.4% upside potential since Thursday's close. Analyst Wamsi Mohan reiterated his buy rating on the stock and raised his price target to $200 from $170. Analyst Michael Sison lowered his price target to $69 from $85, implying just 7.5% upside from Wednesday's close.

Persons: Hertz, Ronald Epstein, Epstein, — Hakyung Kim, Oppenheimer, Jed Kelly, Kelly, DraftKings, aren't, Wamsi Mohan, Mohan, JPMorgan's Brian Essex, David Vogt, Essex, Vogt, Wells, DuPont Wells, —, Michael Sison, Sison, Kim, Downside, Tesla, Tesla's, Morgan Stanley's Adam Jonas, Jonas, Joseph Spak, inched, TSLA, Spak, Goldman Sachs, Mark Delaney, Dan Levy, Levy, Colin Langan, Langan, Toni Sacconaghi, Bernstein, JPMorgan downgrades, Ryan Brinkman, Fred Imbert Organizations: CNBC, Tesla, EV, Hertz, JPMorgan, Bank of America, Boeing, Alaska Airlines, of America, Federal Aviation Administration, FAA, IBM, UBS, PTI, bps, DuPont, DuPont de Nemours, Barclays, JPMorgan downgrades Hertz Locations: Alaska, Draftkings, Essex, Wednesday's, Wells Fargo, China, 2H24, Europe

☆ Analysts baffled by Tesla not giving an outlook, can't think of another big company not to do so
▼ + stars: | 2024-01-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Barclays analyst Dan Levy, for example, lowered his target on Tesla shares to $225 from $250, saying that a "cloudy path ahead reinforces some downside risk." Guggenheim left a sell rating and $132 price target in place. "We expect consensus estimates to come down on what will likely be interpreted as a cautious outlook with reduced visibility," wrote Citi's Itay Michaeli. Michaeli lowered Citi's Tesla price target to $224 from $255 a share, implying about 8% upside from Wednesday's close. The bank remains on the sidelines with a neutral rating on Tesla shares, awaiting a "more convincing entry point," he wrote.

Persons: Tesla, Morgan Stanley's Adam Jonas, Joseph Spak, Dan Levy, Wells Fargo's Colin Langan, Emmanuel Rosner, Guggenheim, Ronald Jewsikow, Bernstein's Toni Sacconaghi, Itay, Goldman Sachs, Mark Delaney, — CNBC's Michael Bloom Organizations: Wall Street, UBS, Barclays, Deutsche Bank, EV Locations: Wednesday's

☆ Here’s what analysts are expecting from Tesla earnings
▼ + stars: | 2024-01-24 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Analysts are largely cautious on Tesla — and the broader autos industry — ahead of the electric vehicle company's earnings on Wednesday. TSLA 1Y mountain Tesla shares over the past year. "There is continually growing evidence that the global EV market is in an unfavorable balance of supply (growing) vs. demand (slowing)." The analyst rates Tesla stock a buy with a $260 price target. Higher units likely require more price cuts," analyst Joseph Spak forecasted about Tesla's earnings in a Jan. 15 note.

Persons: Tesla, outsized, John Murphy, Murphy, Wells, Colin Langan, Langan, Morgan Stanley Morgan Stanley, Adam Jonas, Jonas, Emmanuel Rosner, Rosner, Joseph Spak Organizations: Tesla, Bank of America, Deutsche Bank Deutsche Bank Research, UBS UBS, UBS Locations: China, Tuesday's, Downside, Wells Fargo, Europe

☆ Morgan Stanley warns EV momentum is 'stalling' — and lists 7 reasons Tesla should be worried
▼ + stars: | 2024-01-22 | by ( Nora Naughton | ) www.businessinsider.com time to read: +5 min

Morgan Stanley expects a conservative year-ahead outlook from Tesla when it reports earnings this week. Jonas points to German Tesla price cuts as a warning sign for the year ahead. Electric cars already have some of the worst resale values in the automotive industry, though Tesla leads this pack with the Model 3's residual value. "Any potential rollback of EV incentives would be an impediment for the pace of EV adoption," Jonas wrote. Slowing EV exports out of ChinaRelated to China's looming overcapacity issue, the country's government said this month it would rein in EV exports and crack down on "blind" production of electric cars.

Persons: Tesla, Morgan Stanley, —, Elon Musk, Adam Jonas, Jonas, Price, EVs, Biden, Donald Trump Organizations: Service, Tesla, EV, Hertz, Biden Administration Locations: Berlin, China, EVs

☆ Stocks making the biggest moves premarket: Discover Financial Services, Spirit Airlines, Humana, Hertz and more
▼ + stars: | 2024-01-18 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Discover Financial Services — The financial services stock dropped more than 7% after posting mixed fourth-quarter results. Hertz — The automotive rental company's stock climbed about 6% following an upgrade to overweight from Morgan Stanley earlier on Thursday. Kinder Morgan — Shares of the energy infrastructure company fell less than 1% after Kinder Morgan's fourth-quarter revenue came in lower than expected. Fastenal — The industrial supplies company added 4% after posting fourth-quarter earnings that exceeded analyst expectations. Humana — The health insurance company lost more than 14% on Thursday after guiding for full-year 2023 adjusted earnings of $26.09 per share.

Persons: Hertz, Morgan Stanley, Adam Jonas, Hertz's, BofA, Ranjan Sharma, Kinder Morgan —, Kinder Morgan's, Kinder, Fastenal, Chris Caso, — CNBC's Brian Evans, Michelle Fox, Fred Imbert, Jesse Pound, Pia Singh, Samantha Subin Organizations: Discover Financial, Apple, Bank of America, Spirit Airlines, JetBlue, Citi, Spirit, Alaska Air Group —, Boeing, Alaska Airlines, Federal Aviation Administration, JPMorgan, Wolfe Research, Humana, Alcoa, Revenue Locations: Singapore

Thursday's analyst calls featured an upgrade to a car rental stock and a big downgrade to an airline. The bank also hiked his price target on the tech giant to $225 per share, implying upside of 23%. — Pia Singh 5:36 a.m.: Citi downgrades Spirit Airlines to sell Citi is throwing in the towel on Spirit Airlines . Week to date, Spirit shares are down nearly 60%. Spirit shares were down more than 4% in the premarket.

Persons: Morgan Stanley, Hertz, Andrew Percoco, Percoco, — Pia Singh, Wamsi Mohan, Fred Imbert, Kirk Materne, Materne, Dan Dolev, Dolev, he's, CFRA, Kenneth Leon, Berkshire Hathaway, Leon, Ranjan Sharma, Sharma, bode, Adam Jonas, Jonas, Morgan, Stephen Trent, Trent Organizations: CNBC, flipside, Citi, Spirit Airlines, JetBlue, Bank of America, Apple Bank of America, Apple, Microsoft, ISI, Activision, Activision Blizzard, Mizuho, Fidelity National Information Services, Paramount Global, RedBird Capital, Warner Bros ., Comcast, Paramount's, Showtime, Paramount, JPMorgan, Grab Holdings, Hertz Global Holdings, Jan, Citi downgrades Spirit Airlines, Spirit, Airlines Locations: Berkshire, 1H24, Wednesday's

Ilya Sorokin made 30 saves in two periods for the Islanders, setting a career high by starting an 11th consecutive game. He let in a short-handed goal by Eriksson Ek and Foligno's flip-in in the final minute. The Islanders took six penalties, and Zuccarello and Eriksson Ek scored on the power play. The Islanders, who have lost four of their last five games, have also dropped six consecutive games to the Wild. Eriksson Ek had gone 10 straight games without scoring.

Persons: — Marc, Andre Fleury, Joel Eriksson Ek, Mats Zuccarello, Connor Dewar, Marcus Foligno, who'd, Fleury, Patrick Roy, Martin Brodeur, Flower, Ilya Sorokin, Kenneth Appleby, Semyon Varlamov, Appleby, Eriksson Ek, Zuccarello, Bill Guerin, Jonas Brodin, they've, —, Dewar, ___ Organizations: PAUL, 552nd, NHL, Minnesota Wild, New York Islanders, Islanders, Western Conference, Detroit, UP NEXT, Winnipeg, Tampa Locations: New Jersey, Arizona, UP

ST. PAUL, Minn. (AP) — The crowd chants for Marc-Andre Fleury started in the second period and filled the arena again in the waning minutes, as the Minnesota Wild goalie closed in on a long-sought milestone. Fleury recently became the fourth goalie to play in 1,000 games. Then he gave the Wild another highlight in a season that has been short on them. I was so happy to play that first game,” said Fleury, drafted first overall by the Pittsburgh Penguins in 2003. Two of Fleury's three children — the other was recovering from tonsil surgery — greeted him at his stall in the Wild locker room afterward.

Persons: Marc, Andre Fleury, ”, John Hynes, Fleury, he's, Patrick Roy, Martin Brodeur, Marcus Foligno, Mats Zuccarello, — Fleury, Roy, I’ve, Brodeur, “, —, “ He’s, Jonas Brodin, ” Fleury Organizations: PAUL, Minnesota Wild, NHL, New York Islanders, Pittsburgh Penguins, Penguins, Vegas Golden Knights, Chicago Blackhawks Locations: Minnesota

☆ Hertz dumping 20,000 EVs is a warning to electric-car owners everywhere
▼ + stars: | 2024-01-12 | by ( Graham Rapier | Nora Naughton | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The car-rental firm said it's selling 20,000 EVs — about one-third of its electric fleet of Teslas, Volvos, Polestars, and more — partly due to repair and maintenance costs. AdvertisementIt's also a warning about the cost of EV ownership to drivers thinking about switching from gas to electric. Mitchell, which supplies data for insurance and repair companies, has found EVs — and particularly Teslas — are more expensive than gas-powered cars to repair. Among all EVs, Tesla's Model 3 has the best resale value, falling by only 42.9% in five years.

Persons: Hertz, —, Adam Jonas, Morgan Stanley, It's, Jonas, Mitchell, Kelley, Power, iSeeCars Organizations: EV, Service, Automotive, Energy Innovation, Insurance, quicken Locations: West Coast

SACRAMENTO, Calif. (AP) — Brandon Ingram scored 30 points and the New Orleans Pelicans beat the Sacramento Kings 127-117 on Monday night in the quarterfinals of the NBA's In-Season Tournament. "This is the first time we’ve had the In-Season Tournament. Political Cartoons View All 1277 ImagesThere was good energy from the sellout crowd, with many fans wearing blue T-shirts handed out to give the In-Season Tournament a playoff feel. The Kings got within six midway through the fourth before the Pelicans scored nine straight points to put the game away. UP NEXTPelicans: Play the winner of Tuesday's Suns-Lakers game in the In-Season Tournament semifinals Thursday night in Las Vegas.

Persons: — Brandon Ingram, Ingram, Willie Green, we’ve, ” Herb Jones, Jonas Valanciunas, De'Aaron Fox, Domantas Sabonis, Trey Lyles, “, ” Green, ”, ” Fox, He’s, Valanciunas, Trey Murphy, Jones, ___ Organizations: New Orleans Pelicans, Sacramento Kings, Pelicans, Phoenix, Los Angeles Lakers, Sacramento, Kings . Sacramento, Valanciunas, New, Tuesday's Suns, Lakers, Tuesday’s Suns Locations: SACRAMENTO, Calif, New Orleans, Las Vegas, Kings ., ”, Orleans, Ingram, Sacramento, UP, Las Vegas .

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