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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis investment cycle is bigger than AI, says Piper Sandler's Brent BracelinBrent Bracelin, managing director at Piper Sandler, joins 'Squawk on the Street' to discuss if investors will get clarity on tech's return on AI investment, Microsoft's cloud business, and what investors should care about in the company's earnings results.
Persons: Piper Sandler's Brent Bracelin Brent Bracelin, Piper Sandler
CNN —Vice President Kamala Harris went on the offensive on immigration at her rally in Atlanta Tuesday, attempting to counter former President Donald Trump’s attacks on the issue. It paints Trump as unserious on border security and cites his decision to scuttle the bipartisan immigration deal that included some of the toughest border security measures in recent memory. The video comes on the heels of two Trump campaign ads taking direct aim at Harris’ immigration portfolio. While another shows a video of Harris dancing at an event, stating: “This is America’s border czar — and she’s failed us.”Both ads conclude by describing Harris as “failed. Biden administration officials have repeatedly maintained that Harris focused on long-term fixes, while the Department of Homeland Security remained responsible for overseeing border security.
Persons: Kamala Harris, Donald Trump’s, Trump, ” “ Donald Trump, ” Harris, , , you’ve, Harris, “ Kamala Harris, Donald Trump, Joe Biden, , she’s, Biden Organizations: CNN, , Capitol, Trump, Border Patrol, Republican, Harris, NBC, Department of Homeland Security Locations: Atlanta, California, Georgia, Mexico, Central America, Europe
CNN —One major lesson from Vice President Kamala Harris’ sudden ascension to be the presumptive Democratic presidential nominee is that running mates matter. It’s a point not lost on some Republicans who are second-guessing Trump’s selection of Vance and Democrats who are anticipating Harris’ pick any day. Harris’ pick could come within days, according to CNN’s MJ Lee and Jeff Zeleny, who write that the pool of candidates has shrunk by one. Biden went on to pick Harris, the first woman of color to be on a national party’s presidential ticket. In 2016, Trump picked then-Indiana Gov.
Persons: Kamala Harris ’, Donald Trump, Sen, JD Vance, Harris, Joe Biden, It’s, Vance, , Trump, CNN’s Edward, Isaac Dovere, , Read, MAGA, Sofia Nelson, Vance’s, Vance's, SSRS, CNN’s KFile, ” Trump, Biden, CNN’s MJ Lee, Jeff Zeleny, Roy Cooper, Arizona Sen, Mark Kelly, Gabby Giffords, Josh Shapiro, Pete Buttigieg, CNN’s Piper Hudspeth Blackburn, Karl de Vries, Eric Bradner, Barack Obama, John McCain, Sarah Palin, Mitt Romney, Paul Ryan, Romney’s, Mike Pence Organizations: CNN, Democratic, Oval, Trump, Republican National Convention, Republicans, GOP, Yale Law School, Fox News, The Washington Post, North Carolina Gov, Arizona, House . Pennsylvania, Transportation, Republican, Alaska Gov, Indiana Gov Locations: Ohio, Detroit, , – Michigan, Wisconsin, Pennsylvania, Scranton , Pennsylvania
TD Cowen raised its price target on Apple shares to $250 ahead of earnings later this week. The firm upgraded the conglomerate to buy from hold and raised its price target to $150 per share from $110. Jonas maintained an overweight rating on Tesla stock with a $310 price target, implying more than 41% upside from Friday's $219.80 close. The analyst upgraded the chemicals stock to overweight from neutral, and reiterated a $55 per share price target. — Brian Evans 5:49 a.m.: TD Cowen raises Apple price target ahead of earnings Artificial intelligence is going to be a main driver to Apple going forward, and the company's upcoming earnings release could reflect that, according to TD Cowen.
Persons: TD Cowen, Guggenheim, Morgan Stanley, Tesla, 3M's, Bill Brown, Nicole DeBlase, DeBlase, — Brian Evans, Adam Jonas, Jonas, Brian Evans, Jeffrey Zekauskas, Olin, Piper Sandler, Charles Schwab, Charles Schwab's, Schwab, Patrick Moley, AAPL, Krish Sankar, Sankar, John DiFucci, Fred Imbert Organizations: CNBC, Apple, Technologies, Ford, Deutsche Bank, EV, JPMorgan, Olin, Huawei, Akamai Technologies, Guggenheim, Security Locations: U.S, Friday's, China
Here are Monday's biggest calls on Wall Street: Morgan Stanley reiterates Live Nation as overweight Morgan Stanley said shares of the entertainment concert company are compelling. " Cantor Fitzgerald reiterates Nvidia as overweight Cantor said the stock is still a top pick at the firm. Guggenheim upgrades Akamai to buy from neutral Guggenheim said shares of the cloud computing networking company have more room to run. Bank of America reiterates Apple as buy Bank of America said it's bullish heading into Apple earnings later this week. JPMorgan reiterates Eli Lilly as overweight JPM said the stock is a "core holding" ahead of earnings on August 8.
Persons: Morgan Stanley, Cantor Fitzgerald, Cantor, TD Cowen, AAPL, Wells, Booz Allen Hamilton, it's, Guggenheim, Piper Sandler, Charles Schwab, Piper, Schwab, Olin, Mizuho, Bill Brown's, Myers Squibb, JPMorgan, Eli Lilly, JPM, Evercore, Tesla, Oppenheimer, Raymond James, Davidson, Raymond James downgrades Organizations: NVDA, MU, Apple, Huawei, Booz, Guggenheim, RBC, Deutsche Bank, Northrop, Deutsche, JPMorgan, Uber, Holdings, 3M, " Bank of America, Bank of America, Edge, Barclays downgrades Bristol, Myers Squibb, Barclays, Bristol, Ford, Microsoft, Charter, HSBC Locations: China, underperform
Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating on Tesla " Tesla AI Infrastructure 'base' is by far the fastest rising part of its asset base." Morgan Stanley downgrades WW International to equal weight from overweight Morgan Stanley downgraded the company formerly known as Weight Watchers due to concerns about free-cash flow. Morgan Stanley initiates CervoMed as overweight Morgan Stanley said it's bullish on shares of the biotech company. " Morgan Stanley downgrades STMicroelectronics to equal weight from overweight Morgan Stanley downgraded the stock following earnings. Morgan Stanley reiterates Meta as overweight Morgan Stanley said buy the dip in shares of Meta.
Persons: Redburn, Lockheed Martin, Raymond James, Apple, it's, Morgan Stanley, Tesla, Piper Sandler, Alexander, Baldwin, Piper, ALEX, TD Cowen, Morgan Stanley downgrades STMicroelectronics, Baird, Meta, Guggenheim, Oppenheimer, Sweetgreen, Stifel, Jefferies, Rosenblatt Organizations: Deutsche Bank, Airlines, Deutsche, Lockheed, Apple, Citi, Amazon, AMC, International, Dianthus Therapeutics, Meta, " Bank of America, underperform Bank of America, Barclays, Microsoft, Aviation, Security, Nvidia, Qualcomm, Pharmaceuticals Locations: NYC, Brunswick
Dexcom — Shares plummeted more than 40% after the medical device maker missed expectations for second-quarter revenue and offered weak full-year guidance for the measure. That exceeded analysts' expectations for earnings of $3.48 per share on revenue of $808 million, per LSEG. Norfolk Southern — Shares of the railroad operator gained 10% after a second-quarter earnings beat. Texas Roadhouse — The restaurant chain climbed 4.4% after second-quarter earnings topped expectations. Texas Roadhouse earned $1.79 per share, above the $1.64 per share estimate from analysts surveyed by LSEG.
Persons: Dexcom, Coursera, Newell Brands, Newell, Boston Beer, LSEG, Mohawk, Bristol Myers Squibb, Morgan Stanley, FactSet, amortization, Bitcoin, Alexander, Baldwin —, Alexander & Baldwin, Piper Sandler, Guggenheim, Sweetgreen —, Oppenheimer, Stifel, Yun Li, Pia Singh, Sean Conlon, Jesse Pound, Hakyung Kim, Lisa Kailai Han Organizations: LSEG, Newell, Yankee, Wall, Boston Beer, Boston, Mohawk Industries, Bristol Myers Squibb, Bristol, Revenue, Norfolk Southern, Norfolk, Charter Communications, Southwest Airlines, Deutsche Bank, Southwest, Redburn, FactSet, FTAI Aviation, Texas, Texas Roadhouse, LSEG . Revenue, Colgate, Palmolive Locations: Norfolk
Here are Thursday's biggest calls on Wall Street: Bank of America reiterates IBM as buy Bank of America said the "portfolio is delivering" despite the company's mixed earnings report on Wednesday. Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's sticking with Ford as a top pick following earnings on Wednesday. Bank of America reiterates CrowdStrike as buy Bank of America lowered its price target to $365 per share from $400 but said it's sticking with the stock. Barclays reiterates Super Micro Computer as overweight Barclays said it's sticking with its overweight rating heading into earnings in early August. " Bank of America reiterates Birkenstock as buy Bank of America said the stock "warrants a higher multiple."
Persons: Mizuho, ServiceNow, Morgan Stanley, Ford, KeyBanc, Baird, AAPL, Price, LULU, Goldman Sachs, Dell, Goldman, Roper, CBRE, it's, CrowdStrike, Susquehanna, Bank of America downgrades Lamb Weston, Lamb Weston, Chipotle, Piper Sandler, Marvell, Piper, Birkenstock Organizations: Bank of America, IBM, Infrastructure, Consulting, Mizuho, Software, Ford, Apple, BMO, Citi, Dell, DELL, Roper Technologies, " Bank of America, Meta, AMD, SOX, JPMorgan, GE, Deutsche Bank, Deutsche, Barclays, AMC, Sirius XM, Davidson, Polaris
CNN —After Vice President Kamala Harris accused former President Donald Trump of “backpedaling” on a debate, the Trump campaign said Thursday it would not commit to any future debates until the Democratic Party formally chooses a nominee. “I have agreed to the previously agreed upon September 10th debate, he agreed to that previously,” Harris told reporters after landing at Joint Base Andrews Thursday. Trump told reporters earlier this week he wants to debate Harris but has not yet agreed to anything. Before Biden withdrew from the race, Harris had positioned herself to go up against Trump’s running mate, Ohio Sen. JD Vance, on the debate stage. “I was told I was going to get to debate Kamala Harris, and now President Trump’s going to get to debate her?” Vance joked.
Persons: CNN —, Kamala Harris, Donald Trump, Trump, Joe Biden’s, ” Harris, ” Steven Cheung, Harris, , Joe Biden, ” Trump, she’ll, Biden, Ohio Sen, JD Vance, It’s, won’t, Vance, , Trump’s, ” Vance, ” CNN’s Kristen Holmes, Steve Contorno, Kit Maher Organizations: CNN, Democratic Party, Democratic, Sunday, Biden, Trump, ABC, Base Andrews, Republican, Republican National Convention, Fox News, Trump’s Locations: Middletown , Ohio
These names must offer a dividend yield of at least 3%. The oil and gas company is rated buy or overweight by 83.4% of the analysts covering it, and offers a dividend yield of 4.2%. The stock is up close to 18% this year, and offers a 3% dividend yield. Nearly 74% of analysts rate Patterson-UTI buy or overweight, and consensus price targets suggest 43% upside. Shares are off nearly 8% in 2024, and the stock has a dividend yield of 3.2%.
Persons: Russell, Roth MKM, Piper Sandler, Luke Lemoine, Patterson, Stephen Gengaro, , Fred Imbert Organizations: Investors, Big Tech, Nvidia, Meta, Nasdaq, Federal, CNBC, New York Stock Exchange, Wall, Oil, Gas, Northern Oil's, SM Energy, Xcel, Northern Oil, Energy Solutions, Street, Atlas Energy, UTI Energy Locations: Uinta, Xcel Resources
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA pilot calling himself a "free citizen" is accused of almost causing a midair crash after taking off in the direction of landing planes, federal investigators say. The federal indictment said that Marsan pointed his Piper Cherokee against the flow of landing air traffic. Statements like this are hallmarks of the Sovereign Citizen movement, according to the Anti-Defamation League, although the indictment has not identified him as such. In court, Marsan said that he didn't consider himself the defendant, according to the Anchorage Daily News.
Persons: , William Brian Marsan, Warren, Bud, Marsan, Piper, didn't, commenter Organizations: Service, FAA, Palmer, Airport, Business, Sovereign Citizen, Defamation League, Southern Poverty Law, Anchorage Daily News, Sound Aviation, Anchorage . Locations: Palmer , Alaska, Anchorage
Here are Wednesday's biggest calls on Wall Street: RBC upgrades Estee Lauder to outperform from sector perform RBC said it sees an attractive risk/reward. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by shares of Tesla following the release of disappointing earnings. Morgan Stanley initiates Biohaven as overweight Morgan Stanley said it sees "value creation" for the biotech company. Morgan Stanley downgrades General Motors to equal weight from overweight Morgan Stanley said it sees a more "balanced" risk/reward for shares of GM. " Cantor Fitzgerald downgrades Tesla to neutral from overweight Cantor downgraded Tesla following earnings on Tuesday.
Persons: Lauder, Raymond James, Taylor Morrison, it's, Morgan Stanley, Tesla, Tesla's, TD Cowen, JFrog, Cowen, Lockheed Martin, Goldman Sachs, Goldman, Smith, Stifel, GOOGL, Jefferies downgrades, Gamble, Jefferies, Piper Sandler downgrades Ulta, Piper, Gordon Haskett, Joel Anderson, Cantor Fitzgerald downgrades Tesla, Cantor Organizations: RBC, Taylor Morrison Homes, Tesla, Lockheed, Spotify, JPMorgan, Garden Entertainment, Apple JPMorgan, Apple, Jefferies downgrades Colgate, Palmolive, Procter, Colgate, Gamble, Deutsche Bank, Deutsche, Motors, GM, Barclays, Disney, Universal Studios, Davidson Locations: GenAI, Malibu
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompetition is heating up for Ulta, will hit margins, says Piper Sandler's Korrine WolfmeyerKorinne Wolfmeyer, Piper Sandler senior research analyst, joins 'Closing Bell' to discuss why she downgraded the beauty stock.
Persons: Piper Sandler's, Wolfmeyer, Piper Sandler
Wall Street is bracing for a rocky road ahead for shares of Tesla on the heels of a messy second-quarter print. That week Tesla shares rallied more than 27% to briefly erase a year-to-date loss . UBS analyst Joseph Spak noted the current stock price reflects a investors ascribing a "hefty value" to these plans. His $120 price target implies about 28% downside from Tuesday's close. Piper Sandler's Alexander Potter upped his price target to $300 from $205 a share, citing expectations for a faster-than-expected rollout of full self-driving (FSD) capabilities.
Persons: Tesla, Wells Fargo's Colin Langan, Cantor Fitzgerald, Pierre Ferragu, Goldman Sachs, Mark Delaney, Delaney, Joseph Spak, Spak, Toni Sacconaghi, Piper Sandler's Alexander Potter, Baird's Ben Kallo, Stephen Gengaro Organizations: Tesla, UBS, EV Locations: 1H25
Morgan Stanley upgrades Skechers to overweight from equal weight and downgrades Under Armour to underweight from equal weight Morgan Stanley said its Skechers channel checks looked promising. "We initiate coverage of LandBridge (LB) with a Buy rating and a $35 price target following its IPO last month." Morgan Stanley reiterates First Solar as overweight Morgan Stanley said First Solar could benefit from a new Trump administration. Morgan Stanley reiterates Amazon as top pick Morgan Stanley said Amazon is its favorite pick ahead of earnings, but that the firm also likes Alphabet and Meta. Morgan Stanley initiates Alumis as overweight Morgan Stanley said it's bullish on shares of the immunology company.
Persons: TD Cowen, Morgan Stanley, Armour, Bernstein, Apple, Guggenheim, Tesla, Baird, it's, Krispy Kreme, Goldman Sachs, Goldman, Trump, Wells, Piper Sandler, Piper, TD Cowen downgrades Darden, Cowen, Oppenheimer Organizations: Procter, Gamble, HSBC, CrowdStrike, Qualcomm, JPMorgan, Goldman, Barclays, Nvidia, Amazon, Microsoft, Citi, Rio Tinto, Deutsche Bank, Aerospace, Deutsche, Farnborough Air, Darden Locations: Rio, Olive, stagnate
Its price target implies more than 30% upside. Analyst Stephen Bersey also slashed his price target for the stock to $302 from $388. The financial firm reiterated its overweight on the technology titan and Magnificent Seven member and increased its price target to $485 from $465. The bank upgraded shares of the doughnut maker to buy from hold, while standing by its target price of $14. The bank upgraded the shoe company to overweight from equal weight and raised its price target to $80 from $60.
Persons: CrowdStrike, Morgan Stanley, Stephen Bersey, Bersey, Lisa Kailai Han, Piper Sandler, Brent Bracelin, Bracelin, — Lisa Kailai Han, Peter Christiansen, Christiansen, Sorabh Daga, McDonald's, Daga, Fred Imbert Organizations: CNBC, HSBC, HSBC downgrades CrowdStrike, Guggenheim, Microsoft, Microsoft Cloud, Citi Locations: CrowdStrike, U.S, Monday's
Apple got a price target increase from Wells Fargo. As catalysts, Boss cited broad-based demand for Abercrombie, growth upside for Hollister and a ramp-up in Abercrombie's international brand momentum. Analyst James Faucette also lifted his price target to $175 from $154. Fidelity National Information Services stock closed at $75.25 on Friday afternoon, slightly below analyst James Faucette's $79 price target. — Lisa Kailai Han 5:51 a.m.: Wells Fargo raises Apple price target Wells Fargo is getting more bullish on Apple ahead of earnings.
Persons: Apple, Guggenheim, Fitch, Matthew Boss, Abercrombie, Boss, — Lisa Kailai Han, Morgan Stanley, James Faucette, Clover, Faucette, Raymond James, Estee Lauder, Olivia Tong, Tong, James Faucette's, Piper Sandler, Harsh Kumar, Kumar, NVDA, CrowdStrike, John DiFucci, DiFucci, Wells, Aaron Rakers, Fred Imbert Organizations: CNBC, Tech, Apple, JPMorgan, Abercrombie, Abercrombie & Fitch, Fitch, Fidelity National Information Services, Blackwell, Nvidia, Guggenheim, Apple Intelligence Locations: Wells Fargo, CrowdStrike, Hollister, Fiserv, U.S, China, CSPs
CNN —Abdul “Duke” Fakir, a founding member of the Motown group the Four Tops, has died, according to his family. Born in Detroit, Fakir developed a love of music as a teen while performing with his local church and school choirs, according to a 2012 interview with NPR. In 1954, they formed the first iteration of their band in Detroit called the Four Aims, according to a Motown Museum biography of the group. “[O]nce we started singing, our whole perspective of life changed,” Fakir said in a 2022 interview with The Detroit News. In 2022, Fakir released his memoir “I’ll Be There: My Life With the Four Tops.”Fakir is survived by his wife, Piper Fakir, his children, 13 grandchildren and nine great-grandchildren.
Persons: CNN — Abdul “ Duke ” Fakir, Fakir, Piper, , ” Fakir, Honey, Levi Stubbs, Renaldo, Obie ” Benson, Lawrence Payton, Berry Gordy, , Payton, Benson, Stubbs, Piper Fakir Organizations: CNN, Motown, Hall of Fame, NPR, Motown Records, Detroit News, Stone Locations: Detroit
Goldman Sachs initiates Talos Energy as buy Goldman said the energy company has a "strong oil mix and free cash flow." Goldman Sachs downgrades Lennar to neutral from buy Goldman downgraded the homebuilder stock mainly on valuation. Goldman Sachs initiates Webtoon as buy Goldman said it's bullish on shares of the digital storytelling company. TD Cowen initiates Berkshire Hathaway as hold TD Cowen said it likes the stock but valuation is full right now. " "We upgrade CHRW to Buy from Underperform and raise our PO to $99 from $76, on 22.5x our 2025e EPS."
Persons: Wells, Piper Sandler, Piper, Goldman Sachs, Goldman, Guggenheim, CrowdStrike, Lennar, it's, TD Cowen, Berkshire Hathaway, Raymond James downgrades Estee Lauder, Raymond James, Fitch, JMP, it's bullish, Jefferies, Baird, Henry Schein, Bernstein, Stifel, BURL, Morgan Stanley, Robinson, Oppenheimer, Coinbase's Organizations: Apple, Nvidia, Energy, Talos Energy, Guggenheim, Webtoon Entertainment, Inc, JPMorgan, Abercrombie, Citi, Tamboran Resources, Resources, Nvidia Citi, Amazon, ramping, Airlines, AAL, opp, Jefferies, Genomics, Micron Citi, MU, Samsung, " Bank of America, Underperform Locations: Berkshire, China, U.S, Wells Fargo, Burlington, 3Q24
CNN —With President Joe Biden’s support unleashing a flood of endorsements from many prominent Democrats across the country, Kamala Harris has emerged as the favorite to take his place as the party’s nominee for president. The campaign formally amended filings with the Federal Election Commission to rename its principal committee and declare Harris a candidate for president. Cooper previously waved off speculation that he might be on the shortlist for vice presidential nominees if Biden steps aside and Harris becomes the nominee. “Are you at least open to the possibility of being a running mate to Vice President Harris?,” Beshear was asked on MSNBC Monday morning. “I’m not going anywhere.”Whitmer, first elected governor in 2018, emerged as a prominent executive during the height of the Covid-19 pandemic.
Persons: Joe Biden’s, Kamala Harris, Harris, Biden, Roy Cooper, Josh Shapiro, Arizona Sen, Mark Kelly, Jeff Zeleny, Shapiro, , Barack Obama, Donald Trump, Corey Comperatore, Trump, “ Corey, Corey, ” Shapiro, ” Roy Cooper, , Cooper, ” Cooper, Mark Kelly Arizona Sen, Gabby Giffords, Kelly, Katie Hobbs, Andy Beshear, Beshear, ” Beshear, He’s, Steve Beshear, J.B, J.B . Pritzker, Pritzker, Wade, Chicago Mayor Brandon Johnson, Pete Buttigieg, It’s, Buttigieg, Mike Pence, Vance, Bill Maher ”, ” Vance, ” Buttigieg, Gretchen Whitmer, “ I’m, ” Whitmer, Whitmer, She’s, That’s, Abby Phillip, who’s, ” Gavin Newsom California, Gavin Newsom, Ron DeSantis, X, Donald Trump’s, @KamalaHarris, Newsom, CNN’s Tami Luhby, Ethan Cohen, Jasmine Wright, Devan Cole, Gregory Krieg, Edward, Isaac Dovere, Dan Merica Organizations: CNN, Democratic, Federal, Commission, Democratic National Convention, North Carolina Gov, Arizona, Democrats, ” CNN, ” Roy Cooper North Carolina Gov, Republicans, Republican, Biden, North Carolina House of, North, Democratic Party, MSNBC, Senate, GOP, Affordable, Pritzker, Pritzker Illinois Gov, South, Chicago Mayor, White, Transportation Department, Fox News, Yale Law School, Harvard, Trump Republican, Gov, Detroit News, Trump, Golden, Electoral College Locations: Chicago, Pennsylvania, Philadelphia, Butler , Pennsylvania, America, North Carolina, Raleigh, Andy Beshear Kentucky, Bluegrass, Kentucky, Pritzker Illinois, Midwest, South Bend , Indiana, Afghanistan, East Palestine , Ohio, Michigan, Covid, Napa, San Francisco
10 things to watch Friday, July 19 Can tech stocks and the overall market stabilize to end the week? That's what to watch after a brutal week for the "Magnificent Seven," which fell victim to a rotation away from 2024 winners. PPG Industries lowered its organic sales growth outlook, putting pressure on the stock. The credit card giant, known for its affluent customer base, also lifted its 2024 earnings outlook. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: CrowdStrike, Piper Sandler, Halliburton, SLB, Eli Lilly, Morgan Stanley, Bill Newlands, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Palo Alto Networks, Netflix, JPMorgan, PPG Industries, American Express, Novo Nordisk, Arm Holdings, Barclays, Molson Coors, Constellation Brands, Modelo, Corona, Jim Cramer's Charitable, CNBC Locations: Palo, China
Walmart shares have outperformed the market. Analysts remain overwhelmingly bullish on the stock with more than 80% of analysts rating shares a buy or overweight, according to FactSet. Target shares reflect the strain of the competition. And if Walmart continues to win over wealthier customers, that's more bad news for Target. On Tuesday, KeyBanc Capital Markets analyst Bradley Thomas reiterated that Walmart remains one of his top stock ideas.
Persons: Lindsay Rosner, Piper Sandler, Peter Keith, Keith, Daniel Kurnos, Kurnos, FactSet, Alexis Deladerriere, JLL, Christopher Horvers, JPMorgan's Horvers, Cowen, Oliver Chen, Chen, hasn't, Bradley Thomas, Thomas Organizations: Walmart, Target, Goldman Sachs Asset Management, Analysts, Keith, P Retail, Amazon, Microsoft, Apple, Adobe Analytics, Adobe, Amazon's, Costco, Amazon Prime, Sam's, Paramount, KeyBanc Capital Locations: Wednesday's
UNH 1M mountain UnitedHealth stock over the past month. Think Centene , Molina Healthcare , UnitedHealth and Humana , among others. Managed-care companies historically buck the broader trend of health stocks and outperform in the first year after an election, according to Raymond James. Unlike UnitedHealth, shares have fallen — down 3% — since the June debate. Raymond James sees Oscar Health , HCA Healthcare and Tenet Healthcare as beneficiaries of a victory by the left.
Persons: Raymond James, Chris Meekins, Donald Trump, Joe Biden, quieted, Biden, Meekins, Centene, Trump, Bernstein, Jefferies, David Windley, UnitedHealth, Ben Hendrix, Optum, John Ransom, Piper Sandler, Ransom, Lance Wilkes, Oscar, — Ransom, Oscar's Organizations: Affordable, Trump, UnitedHealth, Republican, Biden, GOP, Federal Trade Commission, Department of Justice, ACA, Medicare, Molina Healthcare, RBC Capital Markets, CVS Health, RBC Capital, DOJ, Humana, Healthcare, GoodRx Holdings, Democratic, Oscar Health, Tenet Healthcare, Aetna Locations: Molina, UnitedHealth, U.S, Thursday's, Florida, Texas
This week, the benchmark Invesco Solar ETF (TAN) and the iShares Global Clean Energy ETF (ICLN) are down 6.2% and 4.6%, respectively. Residential solar stocks, including Enphase , Sunnova , Sunrun , SolarEdge and SunPower , would face a "severe impact" if Republicans successfully weaken or entirely repeal the IRA, according to Piper. The stock in the clean energy space with the least exposure to election risks is GE Vernova , according to a July slide deck from JPMorgan on clean energy. As a domestic manufacturer, First Solar potentially stands to benefit if the U.S. trade war with China intensifies under a Trump administration, according to Kallo. Though total IRA repeal may be unlikely, solar and clean energy stocks will "continue to be volatile until (and even after) the election due to headline risk," Kallo said.
Persons: Donald Trump, Joe Biden's, Biden, Piper Sandler, Wolfe, Piper, Enphase, SolarEdge, SunPower, Trump, Baird, Ben Kallo, Kallo Organizations: Republican Party, Democratic Party, Trump, Senate, Clean Energy, U.S, White House, Congress, Wolfe Research, Tax, Technologies, Republicans, GE Vernova, JPMorgan, GE, GOP, UBS, CNBC, Republican Locations: U.S, Ohio , Alabama, Louisiana, China
Netflix reports after the bell Thursday, ushering in the start of earnings season for Wall Street's biggest media and technology giants. Analysts expect the streaming behemoth to post earnings of $4.74 per share on about $9.53 billion in revenue, according to analysts polled by LSEG. The analyst regards upside to subscriber additions, commentary surrounding margin expansion and a reacceleration in revenue as key for investors. Jefferies analyst James Heaney expects these programs and a strong content slate position Netflix well for a second-quarter subscriber beat. Netflix has made strides within advertising, disclosing in May that there were 40 million active monthly users in the tier.
Persons: Goldman Sachs, Eric Sheridan, Morgan Stanley's Benjamin Swinburne, Jefferies, James Heaney, JPMorgan's Doug Anmuth, Morgan Stanley's Swinburne, Evercore ISI's Mark Mahaney, Jessica Ehrlich, Jason Bazinet, Piper Sandler's Matt Farrell, Farrell Organizations: Netflix, Wall Street's, LSEG, Bank of America
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