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☆ Tim Cook's language hints AI strategy is coming: Melius' Ben Reitzes
▼ + stars: | 2024-02-01 | 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 EmailTim Cook's language hints AI strategy is coming: Melius' Ben ReitzesBen Reitzes, Melius head of technology research, joins 'Power Lunch' to discuss how Apple will eventually become an AI company, the iPhone sales issues, and more

Persons: Tim, Ben Reitzes Ben Reitzes Organizations: Apple

☆ Boeing's workforce isn't as experienced as it used to be, says Melius' Robert Spingarn
▼ + stars: | 2024-01-24 | 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 EmailBoeing's workforce isn't as experienced as it used to be, says Melius' Robert SpingarnRobert Spingarn, Melius Research lead analyst, joins 'Power Lunch' to discuss Boeing after the company's CEO spoke on Capitol Hill about plane safety issues.

Persons: Melius, Robert Spingarn Robert Spingarn Organizations: Boeing, Capitol

☆ Nvidia and its stock may go through an Apple-like transformation. What it would mean for investors
▼ + stars: | 2024-01-22 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

We agree wholeheartedly, having cheered Nvidia's software push for nearly a year . Software and services "Nvidia's business is evolving faster ... and software sales can help smooth out volatility," Melius analysts argued. In December, analysts at Piper Sandler also struck a bullish tone on Nvidia's software opportunity. The core of Nvidia's software strategy is DGX Cloud, an AI supercomputer accessible through a web browser, that the company rolled out in March 2023. The differentiated aspect of the DGX Cloud is it also has additional AI software and tools, such as pre-trained models, data libraries and access to Nvidia service representatives.

Persons: Jim Cramer's, OpenAI's, Piper Sandler, DGX, Melius, —, Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Nvidia, Melius Research, Software, Apple, DGX, Club, Microsoft, Research, Oracle, Google, Amazon, Amazon Web Services, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: Los Angeles , California

☆ These cheap stocks with upside could be the next bull market winners
▼ + stars: | 2024-01-19 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Wall Street is on the verge of confirming a new bull market has begun, and these stocks could be the next big winners. Here's the criteria: Average analysts' forecasts imply at least 15% upside moving forward. Average analysts' forecasts imply more than 15% upside moving forward. Analysts think the stock can climb even higher, with their average forecasts implying nearly 22% upside moving forward. Analysts forecast a further 21% upside moving forward.

Persons: Stocks, Jane Fraser's, Conor Cunningham, Wells Organizations: Nasdaq, CNBC, Financial, Citigroup, Citi, Shipping, FedEx, Analysts, Melius Research, JBL, L3Harris Technologies

☆ It's a good time to be in the 'picks and shovels' of AI, says Melius' Ben Reitzes
▼ + stars: | 2024-01-19 | 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 EmailIt's a good time to be in the 'picks and shovels' of AI, says Melius' Ben ReitzesBen Reitzes, Melius head of technology research, joins 'Closing Bell Overtime' to talk the markets' record day led by Big Tech and what the AI investing paybook for 2024 looks like.

Persons: Melius, Ben Reitzes Ben Reitzes Organizations: Big Tech

☆ Microsoft brings Copilot AI assistant to small businesses and launches a premium tier for individuals
▼ + stars: | 2024-01-15 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft said on Tuesday that small businesses can now subscribe to its Copilot virtual assistant in the company's productivity apps. And consumers who pay for the Microsoft 365 software can sign up for a new paid version of Copilot. But those who pay for Microsoft 365 Personal and Family subscriptions haven't been able to use it in Word, Excel, Outlook and other apps. Those with Copilot Pro receive "priority access to the very latest models — starting today with OpenAI's GPT-4 Turbo," Mehdi wrote. "Whether you need advanced help with writing, coding, designing, researching or learning, Copilot Pro brings greater performance, productivity and creativity," Mehdi wrote.

Persons: chatbot, Satya Nadella, Nadella, Yusuf Mehdi, Microsoft's, haven't, OpenAI's, Mehdi, Melius, Ben Reitzes Organizations: Microsoft, Investors, Google, Apple, Microsoft's Ignite, Windows, Bing, Copilot Locations: Seattle, copilot.microsoft.com

☆ Why Wall Street analysts and Jim Cramer think Nvidia has more room to run
▼ + stars: | 2023-11-27 | by ( Morgan Chittum | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer echoed a Wall Street analyst's call that Nvidia (NVDA) shares have more room to run, despite more than tripling in price this year. Nvidia was up Monday after analysts at Melius Research said the stock was "quite cheap" compared to other semiconductor peers. The analysts said Nvidia's software is not "fully appreciated" yet by investors. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. Nvidia stock, one of the 35 holdings in Cramer's Charitable Trust, closed at a record high on Nov. 20 — just above $504 per share.

Persons: CNBC's Jim Cramer, Jim Cramer's, Cramer, Melius Organizations: Nvidia, Melius Research

☆ Stocks making the biggest moves midday: Foot Locker, Okta, Carnival, Shopify and more
▼ + stars: | 2023-11-27 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Carnival — Shares added 1% after being upgraded to buy from hold by Melius Research . Crown Castle — The telecommunications stock jumped nearly 4% following an activist push for change at Crown Castle. Shares of Crown Castle are down 20% this year. Okta — Shares of the software company dropped 3% Monday after JMP Securities downgraded Okta to market perform. Teva Pharmaceuticals — U.S.-traded shares jumped 3% after an upgrade from UBS to buy from neutral.

Persons: Locker, Josh Weinstein, Melius, Okta, JMP, Albemarle —, Etsy, TD Cowen, —, Alex Harring, Hakyung Kim, Sarah Min, Michelle Fox, Jesse Pound, Darla Mercado Organizations: Citi, Melius Research, Crown, Elliott Investment Management, Sunday, JMP Securities, Albemarle, Battery Tech, U.S, Teva Pharmaceuticals —, UBS, Xenon Pharmaceuticals, —, Adobe Analytics Locations: Crown, Albemarle

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Dollar Tree, Mondelez, Teva, Ulta, Carnival & more
▼ + stars: | 2023-11-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Deutsche Bank reiterates Saia as buy Deutsche said the transports company has "earnings power." JMP downgrades Okta to market perform from market outperform JMP downgraded the stock after a recent security incident. "We downgrade our rating to Market Perform from Under Review (Market Outperform prior) on Okta, Inc. in the wake of the most recent security incident announced on October 20." Wells Fargo reiterates Dollar Tree as overweight Wells said it's standing by its overweight rating on the stock heading into earnings next week. Melius upgrades Carnival to buy from hold Melius said it's "hard to not become incrementally bullish" on the stock.

Persons: Saia, Key, Wells, DLTR, Raymond James downgrades Weyerhaeuser, Raymond James, Redburn, Bernstein, Tesla, underperform Bernstein, Needham, Aston Martin, Jefferies, Pulte, Melius Organizations: Deutsche Bank, Deutsche, Bloom Energy, Clean Tech, Citi, New, Ulta Citi, Inc, Dominion, Weyerhaeuser, UBS, Waste Management, Novartis, EV, Pulte Group, RBC, GE Healthcare, Nvidia

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, Boeing, Tesla, Dell, Microsoft & more
▼ + stars: | 2023-11-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Raymond James reiterates Nvidia as strong buy Raymond James said it's bullish heading into Nvidia earnings on Tuesday. Bernstein reiterates Tesla as underperform Bernstein said it's standing by its underperform rating on Tesla as EV growth is slowing. JPMorgan upgrades Dutch Bros to overweight from neutral JPMorgan said the coffee chain has "strong available liquidity" to continue to grow. " JPMorgan downgrades Krispy Kreme to neutral from overweight JPMorgan downgraded the stock mainly on valuation. " Melius initiates Dell as buy Melius Research initiated Dell with a buy and said it's an "inexpensive" way to play AI.

Persons: Wolfe, ChargePoint, Jefferies, it's bullish, Raymond James, it's, Stifel, Wells, Bernstein, Tesla, underperform Bernstein, BTIG, Morgan Stanley downgrades Chegg, Morgan Stanley, LT, Hewlett Packard Evercore, Goldman Sachs, Krystal, Goldman, Penn, Energizer, Sherwin, Williams, Dell, Oppenheimer, OpenAI's Sam Altman, Sam Altman Organizations: Cedar Fair, SIX, Nvidia, Resources, MNR, ARM, Acorn, Apple, JPMorgan, Deutsche Bank, Boeing, Deutsche, Bros, Brands, Hewlett, Krystal Biotech, " Bank of America, of America, ESPN, PENN Entertainment, ESPN Bet, Citi, UBS, Kosmos Energy, Bank of America, CSN, HSBC, Caterpillar, BMO, Wedbush, Research, Microsoft Locations: NVDA, China, ENR, Brazil, Australia, Vale, 2024e

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Oracle, Eli Lilly, Airbnb, Meta, Southwest & more
▼ + stars: | 2023-11-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Jefferies initiates PepsiCo as buy Jefferies called PepsiCo a defensive stock. " Jefferies initiates Procter & Gamble as buy Jefferies said in its initiation of the stock that it's a top and bottom line growth leader. Jefferies initiates Colgate-Palmolive as buy Jefferies said it sees a "reinvigorated" brand lineup for Colgate. Citi reiterates Amazon and Meta as buy Citi said it's bullish on the partnership between Amazon and Meta. Citi reiterates Eli Lilly as buy Citi said it's standing by its buy rating on the stock.

Persons: Piper Sandler, Stifel, CrowdStrike, KBW, it's, Bernstein, buybacks, Airbnb, BTIG, Raymond James, Natera, Hewlett Packard, Jefferies, Colgate, Morgan Stanley, Edward Jones, Olin, it's bullish, Truist, Citi, Eli Lilly, Lilly, Melius Organizations: UBS, Barclays, Apple, Piper, Capital Holdings, Guardant, Citi, Hewlett, PepsiCo, Pepsi, Procter, Gamble, G, Constellation Brands, Constellation, Colgate, Palmolive, Mirum Pharmaceuticals, Oracle, North America, Amazon, Social Commerce, ~$

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Nike, TJX, Disney, Peloton, Re/Max, Home Depot and more
▼ + stars: | 2023-11-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on the stock after its 10-K annual report. Morgan Stanley initiated Tal Education as overweight Morgan Stanley said the China education company is defensive. Morgan Stanley names TotalEnergies a top pick Morgan Stanley named TotalEnergies a top pick and says the energy company has "resource depth and resilience." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said in a note Tuesday that Tesla needs to "stop missing numbers" and execute better, but that the firm is sticking with its overweight rating. Morgan Stanley downgrades Re/Max to underweight from equal weight Morgan Stanley said in its downgrade of Re/Max that it sees too many negative catalysts for the real estate company.

Persons: Morgan Stanley, Apple, it's, Edward Jones, Hewlett Packard, PC's, D.A, Davidson, Appian, Wells, Wells Fargo, financials, Tal, EDU, TAL, TotalEnergies, TJX, Goldman Sachs, Tesla, Melius, Morgan Stanley downgrades, Max Organizations: RBC, Home, ISI, Nike, Athletic, UBS, Apple, Citi, Deutsche Bank, TAM, Hewlett, Disney, Tal Education, BP, TJX Companies, Thomson Reuters, Nasdaq, Tesla, Nvidia Locations: Ceridian, China, OW

☆ Revenue is 'everything right now' for Apple, says Melius' Ben Reitzes
▼ + stars: | 2023-10-30 | 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 EmailRevenue is 'everything right now' for Apple, says Melius' Ben ReitzesBen Reitzes, Melius Research head of technology research, joins 'Closing Bell Overtime' to talk today's Apple event and what the company needs to show to improve stock performance.

Persons: Melius, Ben Reitzes Ben Reitzes Organizations: Revenue, Apple

☆ Analysts say growth concerns and increased competition in China are weighing on Apple stock
▼ + stars: | 2023-10-18 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

A pullback in Apple stock can largely be attributed to a potential fourth-straight quarter of declining revenue expected to be reported early next month, in addition to increased competition in China, according to analysts. Given its $2.7 trillion market capitalization, Apple is the largest company in the U.S. and thus a stock market bellwether. AAPL 5D mountain Apple stock. Nispel also pointed to headwinds in China stemming from increased competition from Huawei as being a potential drag on the stock recently. Reitzes also pointed to concerns about the China business as well as geopolitical issues weighing on the broader market as headwinds afflicting Apple.

Persons: Tim Cook, Brandon Nispel, they've, Nispel, Ben Reitzes, Reitzes, Huawei's, David Vogt, Apple, They're, CNBC's Michael Bloom Organizations: Apple, KeyBanc, Huawei, Jefferies, Wall, UBS Locations: China, U.S

☆ US airline investors worry the travel boom may be coming in for a landing
▼ + stars: | 2023-10-18 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +4 min

Those concerns are battering airline stocks even as earnings reports point to a continuing consumer appetite for travel. While both United and Delta said travel demand is holding up, double-digit declines in airfares year-over-year suggest airline pricing power has peaked. United, which has not forecast profit for 2024, on Tuesday similarly said travel demand remains "strong and steady." New labor contracts as well as the higher fuel prices mean cost pressures aren't going away. American Airlines (AAL.O) and Alaska Air (ALK.N), who will report earnings Thursday, have cut their third-quarter profit estimates due to higher fuel costs.

Persons: Eduardo Munoz, Brian Mulberry, Delta, Ed Bastian, Mulberry, United, Michael Leskinen, Conor Cunningham, Rajesh Kumar Singh, Ben Klayman, Rod Nickel Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Rights, NYSE, Zacks Investment Management, Delta Air Lines, United, Delta, New, American Airlines, Alaska Air, Melius, Thomson Locations: York, Newark , New Jersey, U.S, Chicago, United, Israel, Tel Aviv

☆ ‘Dare we say Nvidia is now cheap' analyst delivers bull case with stock at all-time highs
▼ + stars: | 2023-08-30 | 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 Email‘Dare we say Nvidia is now cheap' analyst delivers bull case with stock at all-time highsBen Reitzes, Melius Research Head of Technology Research, joins 'Fast Money' to talk the bull case for Nvidia and why he says the stock is still cheap.

Persons: Ben Reitzes Organizations: Nvidia, Technology Research

☆ Here are Wednesday's biggest analyst calls: Apple, Netflix, Nvidia, Alphabet, FedEx, Tesla & more
▼ + stars: | 2023-08-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

While this reads through positively for spot BTC ETF approvals, it remains unclear if this will be a net positive for Coinbase's P & L." Citi reiterates FedEx as a top pick Citi said FedEx has "parcel pricing power." Wells Fargo reiterates Spotify as buy Wells said it's standing by its overweight rating on shares of the streaming company. Citi reiterates Apple as buy Citi said it's bullish heading into Apple's iPhone event on Sept. 12. Wells Fargo reiterates Netflix as overweight Wells said it's standing by its overweight rating on the streaming giant. "We initiate coverage of Atour with an Overweight rating and a price target of US$36, implying > 80% potential upside."

Persons: Morgan Stanley downgrades Centene, Morgan Stanley, TD Cowen downgrades Ambarella, Wells, it's, Bernstein, Melius, Guggenheim, Tesla, Evercore Organizations: Wednesday, Barclays, SEC, BTC, Citi, FedEx, UPS, Transports, FLNC's Services, HSBC, Spotify, Apple, Texas, Rockwell Automation, ROK, UW, Netflix, Nvidia, Bank of America, Google, Tesla, Energy Locations: China, Europe, Ohio Utica, Oklahoma

☆ Nvidia shares are still cheap even after hitting an all-time high, says Melius Research
▼ + stars: | 2023-08-30 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Nvidia shares just closed at a record-high — and there's more momentum ahead, according to Melius Research. Well not after F2Q24 revisions, and especially not when you adjust for growth," Reitzes said. According to the analyst, Nvidia is currently trading at a cheaper valuation than shares of Alphabet, Microsoft and Apple, based on enterprise value-to-sales ratios. Reitzes has a buy rating on Nvidia shares. Shares inched down 0.4% Wednesday premarket, after rising more than 4% the prior trading session to a record close.

Persons: Ben Reitzes, Reitzes, — CNBC's Michael Bloom Organizations: Nvidia, Research, Microsoft, Apple

☆ Nvidia's print could be the most important earnings event of the year, says Melius' Ben Reitzes
▼ + stars: | 2023-08-21 | 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 EmailNvidia's print could be the most important earnings event of the year, says Melius' Ben ReitzesBen Reitzes, Melius Research Managing Director, joins 'Closing Bell Overtime' to talk Nvidia's upcoming quarterly earnings report and why it could be a major event.

Persons: Melius, Ben Reitzes Ben Reitzes

☆ This old-school tech name’s consulting business could get a huge boost from AI
▼ + stars: | 2023-08-17 | by ( Morgan Chittum | ) www.cnbc.com time to read: 1 min

A new Wall Street report shows how International Business Machines (IBM) could benefit from artificial intelligence. Analysts at Melius Research think IBM's consulting business could use AI to cut labor costs through automation, describing the transformation as a potential "golden age" for the industry. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. While Accenture (ACN) may be the classic consulting behemoth to benefit from AI, given the company's recent announcement of a $3 billion investment in the space, CNBC's Jim Cramer said that others, like IBM, could also get a piece of the pie. The "Mad Money" host also says to watch stocks that help onboard customers like Salesforce (CRM), a CNBC Investing Club stock, and ServiceNow (NOW), which could get a boost down the line from AI as well.

Persons: Jim Cramer's, Jim Cramer Organizations: Machines, IBM, Melius Research, Accenture, CNBC, Club

☆ Melius' Ben Reitzes is bullish on all the 'Magnificent Seven' except Google
▼ + stars: | 2023-07-17 | 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 EmailMelius' Ben Reitzes is bullish on all the 'Magnificent Seven' except GoogleBen Reitzes, Melius research tech analyst, joins 'Power Lunch' to discuss cloud tech and the case for the 'Magnificent Seven'.

Persons: Ben Reitzes

☆ Boeing shares tumble as some MAX deliveries halted, airlines fret over impact
▼ + stars: | 2023-04-14 | by ( Aishwarya Nair | ) www.reuters.com time to read: +3 min

April 14 (Reuters) - Boeing Co (BA.N) shares closed down 5.6% on Friday after the planemaker halted deliveries of some 737 MAX jets due to quality-related problems in certain components made by one of its main suppliers. Boeing, together with Spirit, will have to undertake inspections of the affected MAX 7, MAX 8 and MAX 8200 airplanes and fuselages. "Unlike the recent 787 delivery pause in Q1 ... this issue relates to actual non-conforming parts, which will need to be inspected (at minimum) or reworked. "We see more negative financial exposure to this news at Spirit than at Boeing," J.P. Morgan analyst Seth Seifman said. Southwest Airlines (LUV.N) expects the issue to impact its current delivery schedule, while American Airlines (AAL.O) said it was working with Boeing to understand the effect.

☆ Boeing shares tumble as parts issue halts deliveries of some 737 MAXs
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +2 min

April 14 (Reuters) - Boeing Co's (BA.N) shares fell 4.5% in premarket trading on Friday after the U.S. planemaker halted deliveries of some 737 MAXs due to a new supplier quality problem by Spirit AeroSystems (SPR.N). Spirit, which manufactures fuselage, thrust reversers, engine pylons and wing components for the 737 MAX airplanes, slumped more than 11.7%. The latest quality issue pertains to aft fuselage fittings supplied by Spirit and is believed to date back to 2019, Boeing disclosed on Thursday. "We see more negative financial exposure to this news at Spirit than at Boeing," said J.P. Morgan analyst Seth Seifman. Boeing warned that the issue will likely affect a "significant" number of undelivered 737 MAX airplanes both in production and in storage, and could result in lowered 737 MAX deliveries in the near term.

☆ This is one of the best industrial up cycles in a generation, says Melius' Scott Davis
▼ + stars: | 2023-04-10 | 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 EmailThis is one of the best industrial up cycles in a generation, says Melius' Scott DavisScott Davis, Melius Research chairman, joins 'Closing Bell: Overtime' to discuss the strength in industrials.

☆ Caterpillar sees big losses in construction stock sell-off
▼ + stars: | 2023-04-05 | 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 EmailCaterpillar sees big losses in construction stock sell-offRob Wertheimer, director of research at Melius Research, joins 'Power Lunch' to discuss the construction stock sell off, the infrastructure bill bringing funding to construction, and the tail wind driver of onshoring.

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