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Amid "continued demand momentum" for the cruise industry, JPMorgan is bullish on Carnival . The bank upgraded the cruise liner's shares to overweight from neutral in a Monday note. Analyst Matthew Boss also raised his price target to $16 from $11, implying more than 22% upside from Friday's close. Boss underscored Weinstein's comments that Carnival is "no longer riding the coattails of a post-pause pent-up." "On the top-line, we came away confident in current trends with all three management teams," Boss said.

Persons: Matthew Boss, Boss, Josh Weinstein —, —, — CNBC's Michael Bloom Organizations: JPMorgan, CCL

☆ The lawyer who used ChatGPT's fake legal cases in court said he was 'duped' by the AI, but a judge questioned how he didn't spot the 'legal gibberish'
▼ + stars: | 2023-06-08 | by ( Paul Squire | ) www.businessinsider.com time to read: +3 min

A lawyer used ChatGPT to help search for legal cases to write an affidavit backing his lawsuit. The AI hallucinated six fake cases, per a federal judge, which the lawyer included in the filing. US District Court Judge P. Kevin Castel asked lawyer Steven Schwartz of personal injury law firm Levidow, Levidow & Oberman, according to Inner City Press. The court filing included six court cases that were "bogus judicial decisions with bogus quotes and bogus internal citations," Castel wrote in a previous court order. "I have worked with Mr. Schwartz for 27 years," LoDuca said in court, Inner City Press reported.

Persons: —, didn't, Matthew Russell Lee, P, Kevin Castel, Steven Schwartz, Levidow, Schwartz, Peter LoDuca, Castel, Varghese, LoDuca Organizations: Service, Inner City Press, Google, City Press, Mr Locations: New York

☆ These ‘all weather’ best-in-class stocks are a must-own as summer nears, Morgan Stanley says
▼ + stars: | 2023-06-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley named a slew of must-own stocks this week that the firm said are firing on all cylinders ahead of summer. They include Bath & Body Works , Take-Two Interactive, RBC Bearings, Thermo Fisher Scientific and American Express. RBC Bearings "[The] growth story remains intact," analyst Kristine Liwag said of the aerospace and industrial bearings maker. "We continue to view RBC Bearings as a high-quality industrials compounder with attractive growth and margin expansion potential," she wrote. … We continue to view RBC Bearings as a high-quality industrials compounder with attractive growth and margin expansion potential.

Persons: Morgan Stanley, Morgan, Matthew Cost, he's, Kristine Liwag, Liwag, Alex Straton, BBW, Straton, mgmt, Amex hasn't Organizations: CNBC, Body, Interactive, RBC, Fisher Scientific, American Express, Dodge Industrial, … Locations: Biopharma

☆ Buy this 'best-in-class' ad stock that can jump more than 20%, Morgan Stanley says
▼ + stars: | 2023-06-02 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Morgan Stanley says online ad company The Trade Desk is a top pick set to thrive in a stabilizing market for sales. The bank upgraded shares of The Trade Desk to overweight from equal-weight Thursday and raised its price target to $90 per share from $60. TTD YTD mountain Shares of The Trade Desk are up more than 63% from the start of 2023. Analyst Matthew Cost said the company is poised to benefit from growth in both ad-supported streaming as well as retail media. "We believe TTD will be able leverage its position as an independent player to sign more retail media partners … and ultimately be a leader in offsite retail media advertising," Cost said.

Persons: Morgan Stanley, Morgan Stanley's, Matthew Cost, …, — CNBC's Michael Bloom

☆ Jobs report: What to expect from the May data
▼ + stars: | 2023-06-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

But despite all that, the labor market has kept humming right along. And that’s largely expected to be the case, again, in Friday’s monthly jobs report from the Bureau of Labor Statistics. Private sector employment increased by 278,000 jobs in May, according to ADP’s monthly National Employment Report, frequently seen as a proxy for the government’s official number. Labor turnover data released Wednesday showed that the US employment market remained tight in April. The government’s May jobs report is scheduled for Friday at 8:30 a.m.

Persons: ” Daniel Zhao, that’s, ” Julia Pollak, “, Pollak, ”, Michael Feroli, Matthew Martin, ” Pollak, it’s Organizations: Minneapolis CNN, Federal Reserve, Bureau of Labor Statistics, “, ”, Commerce Department, CNN, Labor, JPMorgan, Oxford Economics, Challenger, Conference Locations: Minneapolis, April’s

☆ Elon Musk says Twitter has ‘no actual choice’ about government censorship requests
▼ + stars: | 2023-05-29 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Criticized for giving into governments’ censorship demands, Elon Musk on Sunday claimed that Twitter has “no actual choice” about complying those requests. The comment comes after Musk has previously called himself a “free speech absolutist” and said he wanted to buy Twitter to bolster users’ ability to speak freely on the platform. Shortly after agreeing to acquire Twitter, Musk explained his approach to free speech by saying: “Is someone you don’t like allowed to say something you don’t like? However, prior to Musk’s takeover, Twitter frequently fought government takedown requests in court, including from India and Turkey, in addition to publicly releasing detailed information about such requests and how it handled them. In last recent removal request report before Musk’s takeover, Twitter said it received more than 47,000 removal requests between July and December 2021, and complied with 51% of them.

☆ How artificial intelligence could threaten major industries and business models
▼ + stars: | 2023-05-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +11 min

Meanwhile, limits on applicable copyright rules make it simpler to train AI tools. Nevertheless, accuracy issues with AI tools, Redburn said, could boost the use case for Pearson. Copyright issues are another major obstacle for music companies. Some potential copyright violations include replicating an artist's likeness or voice, and that could weaken the catalog value for many music companies, analysts said. Similarly, Deutsche Bank analyst Matthew Niknam highlighted in a recent note AI presents more opportunities than risks and offers "underappreciated upside tailwinds" for Five9.

Persons: GOOGL, Goldman Sachs, Dan Rosensweig, Chegg, Brad Erickson, Hayden Brown, Brown, BTIG, Chegg's, Pearson, Redburn, Morgan Stanley, Brent Thill, Thill, Douglas Mitchelson, Rosenblatt, Barton Crockett, Morgan Stanley's Omar Sheikh, Ygal, Nat Schindler, Wix, Jefferies, Oppenheimer, Timothy Horan, Matthew Niknam, Meta Marshall, Marshall, Michael Bloom Organizations: Wall Street, Microsoft, Nvidia, Goldman, Chegg, Companies, Freelance, Upwork, RBC Capital, Pearson, Bank of America, UBS, Jefferies, Industry Music, Spotify, Credit, Warner, Warner Music Group, Universal Music Group, Citi, NICE, Deutsche Bank Locations: Nice

☆ Here are Cowen's top chip picks for an EV and autonomous-auto future
▼ + stars: | 2023-05-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

That's because the vehicle platform redesigns need to come through semiconductor innovations in processing and power-management technologies, analyst Joshua Buchalter wrote in a report on Monday. "We believe these powerful secular content themes are underappreciated amidst appropriate cyclical concerns and pushback on EV attach rate projections," he added. In fact, companies indexed to these trends can outgrow the broader market and should be on investors' radar today, Buchalter said. TD Cowen's proprietary model forecasts the total automotive semis market growing at a 9% compound annual growth rate from 2023 to 2030 — doubling to about $121 billion. The company has already amassed a $30 billion auto revenue pipeline, spread across the digital cockpit, connectivity and ADAS, he pointed out.

Persons: TD Cowen, That's, Joshua Buchalter, Buchalter, Mobileye, Matthew Ramsay, Ramsay, — CNBC's Michael Bloom Organizations: Microsystems, Mobileye's, Nvidia, Qualcomm Locations: ADAS

☆ Lithium has started coming back after a 'freefall' in China. What to know about the investing landscape
▼ + stars: | 2023-05-17 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Investors should focus on the long-term story in the lithium investing landscape, not the volatile price swings seen in recent months. Moves in China are driving changes in the global market for lithium as demand for electric vehicles increases, said Keybanc analyst Aleksey Yefremov. DeYoe reiterated his buy rating on Canadian producer Sigma Lithium earlier this month, calling it "the next big thing in lithium." Among the biggest names: Global X has a Lithium & Battery Tech ETF , Sprott has a Lithium Miners ETF and Horizons Global has a Lithium Producers Index ETF . "That's going to be quite a challenge, if we don't literally right now start digging up and finding sites for lithium," Langan said.

☆ Matthew Barney, Back in the Game
▼ + stars: | 2023-05-14 | by ( Siddhartha Mitter | ) www.nytimes.com time to read: +1 min

The hit, 45 years ago, shook up the world of football. But not Darryl Stingley, the receiver for the New England Patriots who bore the head-on charge by Jack Tatum of the Oakland Raiders. The artist Matthew Barney was an 11-year-old in Idaho at the time and remembers the incident from constant slow-motion replays on television. He was just getting into the sport seriously himself, and the Tatum-Stingley collision, though shocking, didn’t stop him. He relished practice drills where he and other boys were ordered to slam into each other at top speed, he said.

[1/2] Royal fans wait on the Mall outside Buckingham Palace ahead of the coronation of Britain's King Charles and Camilla, Queen Consort, in London, Britain, May 5, 2023. REUTERS/Maja SmiejkowskaLONDON, May 5 (Reuters) - Heavy bursts of rain could dampen King Charles' coronation celebrations in London on Saturday, according to Britain's Met Office forecaster. Charles is due to leave Buckingham Palace and travel along a mile-long ceremonial procession through the capital before the coronation ceremony at 1000 GMT. If it does rain on his parade, Charles will not be alone: the last two monarchs endured wet weather on their big day according to Met Office data. The coronation of Queen Elizabeth in June 1953 saw "light rain throughout the day" while 8.2 millimetres (0.32 inches) of rain fell during George VI's 1937 crowning.

☆ Markets next week have to contend with how aggressive the Fed drumbeat sounds
▼ + stars: | 2023-04-28 | by ( Scott Schnipper | ) www.cnbc.com time to read: +8 min

"Is Chairman Powell going to say, 'It is likely that we pause now and assess what the economy is going to do?' "The tone on that balance is going to be very critical to how the market is going to move next week." "What is [Powell] going to do? June Fed meeting The betting on Wall Street right now is that, after next week, the Fed will standpat at its next meeting six weeks later, on June 13-14. Beyond Apple, some 161 other companies in the S & P 500 index are scheduled to report latest-quarter results next week.

☆ Ambitious genome project shows how humans fit with other mammals
▼ + stars: | 2023-04-27 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

The findings in the ambitious Zoonomia Project identified parts of the genome functionally important in people and other mammals and showed how certain mutations can cause disease. The project revealed the genetics of uncommon mammalian traits like hibernation and showed how the sense of smell varies widely. The researchers said the findings on hibernation genetics could inform human therapeutics, critical care and long-distance space flight. The most primitive species was the venomous burrowing insect-eater Hispaniola solenodon, closely related to mammals alive during the dinosaur age. In terms of human differences from other mammals, the study pointed to regions associated with developmental and neurological genes.

☆ Opinion | Matthew Desmond On America’s Addiction to Poverty
▼ + stars: | 2023-04-21 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +1 min

According to the Center on Poverty and Social Policy at Columbia University, 14.3 percent of Americans — nearly 50 million people — were living in poverty in December. The scale of poverty in the U.S. dwarfs that of most of our peer countries. And it raises the question: Why does so much poverty persist in one of the richest countries in the world? For the Princeton sociologist Matthew Desmond, the answer is simple: Poverty is a policy choice. But his new book, “Poverty, by America,” is less about the poor than it is about the rest of us.

☆ Goldman says dividend growth stocks will outperform under current conditions. 10 names it recommends
▼ + stars: | 2023-04-17 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Goldman Sachs says one income-focused strategy is off to a strong start this year, and will continue to outperform – dividend growth stocks. Going forward, dividend growth stocks will continue to beat buyback stocks, according to Goldman's chief U.S. equity strategist David Kostin. Fastenal shares are up 12% this year, and the industrial supplies company has a 2.6% dividend yield, FactSet data showed. Home Depot shares are down this year, but was a new addition to Goldman Sachs' dividend growth list. Lowe's is another dividend growth stock, with a 2.1% dividend yield, and Goldman seeing 30% annual compound dividend growth over 2022-2024.

☆ 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.

☆ This cloud data stock can jump nearly 20% thanks to a new company playbook, Stifel says
▼ + stars: | 2023-04-10 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

An improved company playbook can help NetApp outperform going forward, according to Stifel. Stifel upgraded the stock to buy from hold with a $75 price target, which represents 19% upside from Thursday's close of $63 per share. NetApp , a cloud storage provider that also provides physical hardware to other companies, is in the middle of a shakeup that could lead to more earnings per share and larger margins, analyst Matthew Sheerin wrote Sunday. Shares of NetApp closed at $63 on Thursday and have added nearly 5% in 2023. Stifel added that the shakeup to NetApp's sales team encompasses employees being assigned to specific products and sectors to better communicate with customers on their specific needs.

☆ These stocks have the most upside in the second-quarter, analysts say
▼ + stars: | 2023-04-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

CNBC Pro combed through the most recent quarterly research reports to find stocks with upside as the new quarter gets underway. They include: Simon Property, Spotify , Netflix , Enphase and Palo Alto Networks. Palo Alto Networks The cybersecurity company is firing on all cylinders, RBC said earlier this week in its top second-quarter picks note to clients. Hedberg believes Palo Alto has a unique opportunity to take share in a rapidly burgeoning field. ... .We view Palo Alto as well positioned to benefit from an increasingly complex security and threat landscape and as an industry leader in security."

☆ Jim Cramer's top 10 things to watch in the stock market Monday: OPEC+ surprise, Macy's lift, Tesla miss
▼ + stars: | 2023-04-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

How are we approaching the market week ahead? I also explained that we are indeed in a bull market, but that things could get a bit rocky from here. Analyst Matthew Boss also increased his price target by a buck to $29, citing favorable risk-to-reward setup at current stock price. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ JPMorgan says this retailer is a buy as it nears an 'inflection point'
▼ + stars: | 2023-04-03 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Analyst Matthew Boss upgraded the retail stock to overweight from neutral and increased his price target by $1 to $29. His price target implies the stock will rally 65.8% over the next year from where shares ended Friday's session. He said the retailer should be able to see multiyear EBITDA margins in the low double digits due to five "self-help" growth vectors. Boss said the stock has an attractive risk-to-reward ratio and is at an attractive entry point following recent underperformance. Macy's trades at around two times its 2024 EBITDA, he said, which places it around 50% below the average of stocks in the department stores/mall-based specialty category.

☆ China to examine US chipmaker Micron's products for cybersecurity risks
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +2 min

March 31 (Reuters) - China's cyberspace regulator will conduct a cybersecurity review of products sold in the country by U.S. memory chip manufacturer Micron Technology Inc (MU.O), the regulator said on Friday. It gave no other details, including which Micron products it was reviewing. The Netherlands, which makes advanced lithography equipment critical for the manufacture of advanced chips, made a similar announcement earlier this month. Weak consumer demand has roiled the memory chip market, which is dominated by South Korea's Samsung Electronics (005930.KS). The larger chunk of the company's products flowing into China are being purchased by non-Chinese firms for use in products manufactured in the country, according to analysts.

☆ Stocks making the biggest midday moves: Coinbase, First Citizens, Roku and more
▼ + stars: | 2023-03-27 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

First Citizens BancShares — The Raleigh, NC-based bank soared 50% after agreeing to buy Silicon Valley Bank's deposits and loans. Roku — Shares of the media platform jumped more than 4% after Susquehanna upgraded it to positive from neutral. The Wall Street firm said it continues to see Roku as "a prime beneficiary of the secular shift of linear budgets." It reaffirmed revenue of $2.95 billion to $3 billion, compared to $3 billion expected by analysts, per StreetAccount. Marqeta — The payments stock jumped nearly 10% after Wolfe Research upgraded it to outperform from peer perform.

☆ Stocks making the biggest moves premarket: Pinterest, First Citizens, Caterpillar & more
▼ + stars: | 2023-03-27 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Pinterest — Pinterest gained 4.3% after UBS upgraded the social media stock to buy and said shares could pop more than 25% as the company improves its advertising strategy. First Republic , PacWest — Regional bank stocks were moving higher on Monday following a report from Bloomberg News that U.S. authorities were considering expanding government support for banks to provide additional liquidity. Shares of First Republic jumped 23% in premarket trading, while PacWest Bancorp rose about 9%, and Western Alliance gained 5%. KeyCorp — KeyCorp gained 6.8% after Citi upgraded the stock to buy from neutral. Corning — Shares advanced 2.3% after Deutsche Bank upgraded Corning to buy from hold.

☆ Deutsche Bank says this materials stock could hit an earnings inflection point this quarter
▼ + stars: | 2023-03-27 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Corning shares could rally as earnings hit a bottom, according to Deutsche Bank. Analyst Matthew Niknam upgraded the materials stock to buy from hold, and increased his price target by $3 to $38, which implies the stock could gain 15.7% from where it closed Friday. Niknam expects tailwinds to gross margin to help drive earnings per share as the year progresses. He expects Corning to earn 40 cents per share in the first quarter, which will then grow to 47 cents per share by the second quarter. By the end of 2023, quarterly earnings will rise to 59 cents per share, he said.

☆ Piper Sandler says this struggling bank stock is not the next SVB, buy the dip
▼ + stars: | 2023-03-23 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

PacWest Bancorp has withstood large withdrawals in deposits, and the regional bank stock is now set up for a rebound, according to Piper Sander. PacWest was one of several regional banks that saw deposits pulled by customers in the aftermath of the failure of Silicon Valley Bank. PACW 1M mountain PacWest's stock has dropped sharply since the failure of SVB. The company also said Wednesday that deposits have stabilized and that it had decided against a capital raise. Piper Sandler has a price target of $33 per share for PacWest, which is more than 200% above where the stock closed on Wednesday.

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