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☆ Here are Thursday's biggest analyst calls: Nvidia, Meta, Apple, Netflix, Roku, McDonald's, Micron & more
▼ + stars: | 2023-09-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Thursday's biggest calls on Wall Street: Barclays initiates Jabil and Flex as overweight Barclays initiated several technology manufacturers Thursday and said it sees margin expansion. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on the stock heading into Apple's iPhone event next week. Barclays initiates LPL Financial as overweight Barclays said the financial services company is a "solid organic grower at reasonable valuation." Barclays downgrades Seagate to equal weight from overweight Barclays downgraded Seagate mainly on valuation. Morgan Stanley reiterates Meta as overweight Morgan Stanley said it's staying bullish on shares of Meta.

Persons: Wells, Goldman Sachs, Morgan Stanley, McDonald's, Apple, it's, Jefferies, Canaccord, Johnson, Bernstein, Tesla, underperform Bernstein, Raymond James, Dell, Dan Jedda, Stifel, Riley downgrades Crocs, Riley, Truist, Raymond James downgrades Dave, Buster's, Guggenheim, Meta Organizations: Street, Barclays, JBL, EV, HSBC, Citi, Micron Citi, Micron, Oracle, Johnson, JPMorgan, Netflix, Tesla, DELL, Bank of America, Cloud Computing, LPL, Vail Resorts, Seagate, CyberArk Software Ltd, Meta, Nvidia Locations: 3Q23, Vail

☆ Buy this underperforming auto repair stock that can jump more than 20%, Wells Fargo says
▼ + stars: | 2023-09-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors should see opportunity after Valvoline 's recent sell-off, Wells Fargo said. "VVV is a high quality operator w/ category-leading comps, accelerating unit growth and an asset-light model," he said. While electric vehicles present a long-term risk, "recent underperformance is sharp and we see opportunity." While he noted shares trade 13% above auto service providers, they are below auto part peers, high-growth retailers and restaurants. While Lantz admitted that the rise of electric vehicles creates a risk, Valvoline is in a better position than others.

Persons: Valvoline, Wells Fargo, David Lantz, Lantz, — CNBC's Michael Bloom Locations: Aramco

☆ Stocks like Meta are ‘best positioned’ for a market correction
▼ + stars: | 2023-08-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

"In addition to gaining lending market share, management [is] laser focused on boosting credit card offerings, turning around the wealth management business and growing investment banking revenues," he said. "We think Meta is best positioned vs peers to capitalize on new spend in the industry given ramping Reels and Messaging monetization, easy comps, and increasing Advantage+ adoption," he said. Blackrock "Best positioned for rebalancings. ... We think Meta is best positioned vs peers to capitalize on new spend in the industry given ramping Reels and Messaging monetization, easy comps, and increasing Advantage+ adoption." We view TJX as a market share gainer that is well positioned to benefit from trade-down and reiterate our Buy rating.

Persons: Ebrahim Poonawala, Wells, Poonawala, BofA, Lorraine Hutchinson, TJ Maxx, Hutchinson, TJX, Justin Post, BLK Organizations: Bank of America, CNBC, Meta, TJX Companies, Investor, Facebook Locations: Bank, Blackrock, Wells Fargo, Basel

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Amazon, Splunk, Peloton, Rivian, AMC & more
▼ + stars: | 2023-08-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs reiterates Nvidia as buy Goldman said it's standing by it's buy rating after Nvidia's strong earnings report on Wednesday. Stifel upgrades Nvidia to buy from hold Stifel upgraded the stock after its strong earnings report Wednesday. Bank of America upgrades Williams-Sonoma to neutral from underperform Bank of America said that the downside scenario is now "off the table" for Williams-Sonoma. Bank of America downgrades Vizio to underperform from buy Bank of America double downgraded the stock on concerns about a weakening consumer. Bank of America downgrades Peloton to neutral from buy Bank of America said it sees "limited visibility on growth initiatives" for Peloton .

Persons: Needham, Rivian, it's, Oppenheimer, Goldman Sachs, Goldman, Morgan Stanley, Wedbush, Johnson, Splunk, Raymond James, Piper Sandler, Piper, Wolfe, Charles Schwab, Bernstein, Estee Lauder, Snowflake, Rosenblatt, Read Organizations: Nvidia, Center, Stifel, AMC, Bank of America, underperform Bank of America, Williams, Sonoma, Vizio, Johnson, Prudential, DFS, ADI Locations: CY2024, Williams, Sonoma, Snowflake

☆ Foot Locker's financial troubles are much worse than feared, leading us to reevaluate the stock
▼ + stars: | 2023-08-23 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Shares of Foot Locker plunged more than 30% in Wednesday's trading. FL .SPX YTD mountain Foot Locker vs. S & P 500 year to date Bottom line As noted during Monday's Homestretch , we thought this would be a horrible quarter from Foot Locker. As a result, inventory remains way too high at Foot Locker, and in a worst-case scenario --management may need to tap into its credit lines. Overall same-store sales, while in line, were dragged down by Champs Sports in North America, which saw a 25.3% decline. A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois.

Persons: Locker, Monday's Homestretch, Mary Dillon, Dillon, Foot, Jim Cramer, we've, Locker's, Jim Cramer's, Jim, Scott Olson Organizations: Management, Champs Sports, Nike, Administrative, EMEA, CNBC, Getty, & $ Locations: North America, Middle East, Africa, Asia, Chicago , Illinois

☆ Macy's warning of weak second-half demand hits retail sector shares
▼ + stars: | 2023-08-22 | by ( Savyata Mishra | ) www.reuters.com time to read: +2 min

Its cautious view also weighed on the retail sector shares, including Kohl's (KSS.N) and Nordstrom (JWN.N). In a clear sign that higher borrowing costs were straining customers, Macy's credit card revenue, which accounted for about 2% of the total revenue in the quarter, slumped 41%. Throughout the quarter, Macy's cleared excess stock after a move to convert its merchandise for the spring and summer hurt demand, leading to a slip in gross margin. Macy's reaffirmed its expectations for 2023 sales of $22.8 billion to $23.2 billion and adjusted full-year profit per share between $2.70 and $3.20. At $12.8, Macy's shares were set for their worst session since March last year.

Persons: Macy, Brendan McDermid, Adrian Mitchell, Paul Lejuez, Mitchell, Macy's, Jessica Ramirez, Jane Hali, Savyata Mishra, Arun Koyyur Organizations: REUTERS, Nordstrom, Citi, Target, Thomson Locations: New York , New York, U.S, Bengaluru

☆ JPMorgan says buy this restaurant stock that can go up nearly 20%
▼ + stars: | 2023-08-21 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

JPMorgan thinks Restaurant Brands International is poised for more growth. The firm initiated coverage of the restaurant conglomerate with an overweight rating in a Monday note, accompanied by an $82 per share price target. The analyst added that the breadth of company growth will be driven by the internationally-exposed businesses including Burger King, Tim Hortons and Popeyes. Restaurant Brands has has added 6% in 2023. QSR YTD mountain Restaurant Brands has added more than 6% in 2023.

Persons: John Ivankoe, Tim Hortons, Burger King, Patrick Doyle, Ivankoe, — CNBC's Michael Bloom Organizations: JPMorgan, Brands Locations: capex, Burger

☆ 3 trends are dividing restaurant companies into winners and losers
▼ + stars: | 2023-08-18 | by ( Amelia Lucas | ) www.cnbc.com time to read: +5 min

In this article CMGMCDWENPZZA Follow your favorite stocks CREATE FREE ACCOUNTA McDonald's restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBCRestaurant companies navigating some of the same challenges in the second quarter fell into two categories: winners and losers. While most restaurant companies crushed earnings expectations, a number of them fell short of Wall Street's estimates for their quarterly revenue. McDonald's and Wingstop both reported second-quarter earnings, revenue and same-store sales growth that topped analysts' expectations, a rarity this quarter for restaurant companies. One fast-casual chain has struggled with consumers' value perception.

Persons: Adam Jeffery, hasn't, Papa John's, TD Cowen, Andrew Charles, Burger, Wendy's, Jeffrey Bernstein, bode, Chris Kempczinski, Todd Penegor, Wingstop, Michael Skipworth, Chipotle, Jack Hartung, Noodles Organizations: CNBC Restaurant, Promotions, Investors, CNBC, Restaurant Brands, Barclays, Company Locations: NYC, Chipotle, Texas

☆ Look inside the $44.5 million Tuscan-style mega villa perched 2,000 feet above Malibu
▼ + stars: | 2023-08-16 | by ( Ray Parisi | ) www.cnbc.com time to read: +6 min

watch nowThe Tuscan-style mega villa that sits high atop Malibu has just been put back on the market with a $44.5 million price tag. Studio 910The French limestone-clad villa's more recent history includes being featured on reality TV and film. Studio 910The primary suite includes vaulted ceilings and two balconies, plus a wraparound terrace. Studio 910The primary suite's third interior balcony overlooks the great room where 35-foot ceilings are clad in walnut wood. Studio 910The kitchen.

Persons: Shawn Elliott, Elliott, Howard Leight, Bob Easton, Leight, Kardashians, Leight's, Howard Leight Jr Organizations: Malibu Rocky, Nest Seekers International, CNBC Locations: Malibu, Santa Monica, Malibu's

☆ Here are Tuesday's biggest analyst calls: Disney, Nvidia, Ford, Walmart, JPMorgan, Palo Alto and more
▼ + stars: | 2023-08-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Daiwa reiterates Disney as buy Daiwa is standing by its buy rating on Disney after the company's earnings report last week. Deutsche Bank reiterates Palo Alto Networks as buy Deutsche Bank is bullish heading into earnings later this week. Barclays reiterates Walmart as overweight Barclays is bullish heading into earnings later this week. " Bank of America downgrades Phillips 66 and Marathon Petroleum to neutral from buy Bank of America downgraded several refiners and said the risk/reward is "no longer compelling." Bank of America initiates Turnstone Biologics as buy Bank of America said the biopharmaceutical company is well-positioned.

Persons: it's, Daiwa, KBW, Berkshire Hathaway, Morgan Stanley, Pharvaris, Wells Fargo, Wells, it's bullish, Hannon Armstrong, KeyBanc, PSTG, " Bank of America downgrades Phillips, DINO, Ford Organizations: UBS, Nvidia, Disney, Deutsche Bank, Networks, JPMorgan, Citigroup, Bank of America, ISI, Barclays, Walmart, " Bank of America, of America, Marathon Petroleum, U.S, MPC, Ford

☆ I own an energy-efficient, weather-proof dome home. Here's my advice for those who want to own a dome home too.
▼ + stars: | 2023-08-13 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +6 min

Pamela Voss and her husband own a geodesic dome home on 15 acres of land in eastern Texas. When my husband and I first walked into our 4,000 square-foot Texas dome home in spring 2021, I thought to myself: "Oh my God, this is so cool." Dome homes in our area aren't prevalent enough to have comps, so we fought back and asked if they could use traditional homes of a comparable price. Sometimes, skylights and windows in dome homes can leak at the edges because of how they are built. Keep in mind that many dome homes also need a cupola, which is a gazebo-like structure at the highest point of the dome.

Persons: Pamela Voss, Voss, we've, you've Organizations: Service, Texas Farm Bureau Locations: Texas, Wall, Silicon

☆ Inflation ticked up in July, pausing a year of slowing price growth
▼ + stars: | 2023-08-10 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

Inflation as measured by the CPI was expected to accelerate, with a year-over-year CPI forecast of 3.3% for July after June's 12-month change of 3.0%. Inflation had been cooling for 12 straight months before the latest CPI release. That increase is around the forecast, a year-over-year increase of 4.8%. The food index surged 4.9% year over year in July. "Despite elevated inflation, longer-term inflation expectations appear to remain well anchored, as reflected in a broad range of surveys of households, businesses, and forecasters, as well as measures from financial markets."

Persons: That's, Tom Garretson, Garretson, Greg McBride, Jerome Powell Organizations: Service, Index, Bureau of Labor Statistics, CPI, RBC Wealth Management, Federal Locations: Wall, Silicon

☆ Price targets, stocks to watch, profit-taking strategies — answers to questions about all three
▼ + stars: | 2023-08-06 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

We will only consider more general questions about the investment process or stocks in the portfolio or related industries. A stock's multiple (and we like looking at the forward multiple) is calculated by dividing the current shares price by earnings estimates for the next 12 months. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Marc M, Price, It's, Brian The, Donna M, you've, Jim Cramer's, Jim Organizations: Natural Resources, Coterra, Microsoft, CTRA, MSFT, Investment, Club, Charitable, Jim Cramer's Charitable, CNBC Locations: PXD

☆ Goldman Sachs says Coinbase will remain challenged until crypto can prove its utility — What Wall Street is saying after earnings
▼ + stars: | 2023-08-04 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Late Thursday, the company posted a loss of 42 cents per share on revenue of $708 million for the second quarter. Analysts surveyed by Refinitiv expected a loss of 77 cents per share on revenue of $633 million. However, trading volumes have remained low, even as the crypto market is enjoying a couple of nice rallies this year. "Until we see evidence of mass adoption of crypto for everyday utility, we believe fundamentals will remain challenged, and thus we remain Sell rated [on Coinbase]." "While Coinbase is taking industry market share on the deterioration of business at Binance, it seems to be under-growing certain smaller domestic platforms, reflecting a different sort of competitive landscape."

Persons: Crypto, Coinbase, Goldman Sachs, Refinitiv, Will Nance, Nance, Needham, Binance, Piper Sandler, Raymond James, Michael Bloom Organizations: U.S . Securities, Exchange, SEC, BTC, JPMorgan, Bank of America Locations: Wall, Binance, Underperform

☆ Here are Friday's biggest analyst calls: Apple, Amazon, Coinbase, Generac, Wayfair, Disney & more
▼ + stars: | 2023-08-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on Apple after its earnings report Thursday. Rosenblatt downgrades Apple to neutral from buy Rosenblatt said Apple is sitting in a "slowdown phase." Citi upgrades Intercontinental Exchange to buy from neutral Citi said it sees "improving signals across the platform" for the exchange company. Citi opens a positive catalyst watch on Apple Citi said it sees upside ahead of the company's new iPhone unveil in September. Citi reiterates Disney as buy Citi said it's sticking with its buy rating on stock heading into earnings next week. "

Persons: Stephens, it's, Morgan Stanley, Apple, tonight's, Rosenblatt, Raymond James, Goldman Sachs, Goldman, Oppenheimer, Tim Horton's, TD Cowen, Read, Truist, Lamb Weston, Stifel, Evercore Organizations: bil, Bank of America, AWS, underperform Bank of America, Apple, AMD, Citi, Intercontinental Exchange, ICE, Galactic, Virgin Galactic, Brands, Restaurant Brands, SSS, TH, BK, TD Cowen downgrades Moderna, Apple Citi, Disney, JPMorgan, Petrobras, Petrobras –, PayPal Locations: Coinbase, Burger, F1Q23

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

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

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

☆ Here's the trade on Amazon heading into earnings, according to analysts
▼ + stars: | 2023-08-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Wall Street analysts are bullish on Amazon heading into earnings. Here's how several analysts are trading Amazon ahead of its latest earnings report. Bank of America is also bullish, maintaining its buy rating and $154 price target into earnings, which suggests roughly 20% upside. "We continue to see an attractive set-up on the stock based on our Triple Trough Thesis (trough multiple, trough margin, and trough revenue growth). On Monday, the firm reiterated its buy rating and $145 price target, which suggests 13% upside from Wednesday's close.

Persons: StreetAccount, Morgan Stanley, Brian Nowak, Nowak, Lloyd Walmsley, Walmsley, Justin Post, Amazon's, Mark Mahaney's, Mahaney, — CNBC's Michael Bloom Organizations: Amazon Web Services, UBS, Bank of America, AWS, Triple, Citi Locations: 1Q23

☆ Amazon set to report second-quarter earnings after the bell
▼ + stars: | 2023-08-03 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +4 min

Amazon will report second-quarter earnings after the market close on Thursday. In the first quarter, AWS sales increased roughly 16%, the slowest growth since 2015, when Amazon began breaking out cloud revenue. AWS rivals Microsoft and Alphabet last week reported solid results in their cloud businesses, beating analysts' revenue expectations. Last week, Amazon hosted an AWS Summit, where the company announced updates related to generative AI, including a service that uses the technology to transcribe and summarize doctors' patient visits. Also during the quarter, Amazon hosted its annual Prime Day discount bonanza, which it touted as its "biggest ever."

Persons: Andy Jassy, it's, Brian Olsavsky, workloads Organizations: Amazon, Seattle, Refinitiv Revenue, Web, Services, Evercore, Microsoft, Apple, Meta Locations: Seattle, Israel

☆ Jim Cramer praises Starbucks for an ‘exceptional quarter’ — here are the reasons
▼ + stars: | 2023-08-02 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Equities tumble on Fitch downgrade Starbucks has 'exceptional quarter' Investors cheer Pioneer earnings 1. Starbucks has 'exceptional quarter' Starbucks (SBUX) was up 3% on Wednesday, one day after releasing fiscal third-quarter results after the bell. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Fitch, Jim, Jim Cramer's Organizations: CNBC, Fitch, Starbucks, AAA, Nasdaq, Palo Alto Networks, Tech Locations: China, U.S

☆ This underperforming retail stock could rally more than 25%, Barclays says
▼ + stars: | 2023-08-01 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors should get off the sidelines on Gap given the retailer's potential for business improvement, according to Barclays. Her $13 price target implies shares could rally 26.2% from Monday's close. Yih said the company could see margin upside with a shift to cleaner inventory levels and mitigated freight challenges. Despite the opportunity to recapture some of the margin, Yih noted the company can do more work to stabilize the business and make it more malleable to consumer demand signals. Between the new management and potential for margin capture, she said the company's valuation multiple could be raised.

Persons: Adrienne Yih, Yih, Richard Dickson, Chris Blakeslee, Alo Yoga, — CNBC's Michael Bloom Organizations: Barclays, Navy, Old Navy, Mattel Locations: Monday's, 2Q23, Banana

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Amazon, Gap, Target, PayPal, Coinbase & more
▼ + stars: | 2023-08-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Tesla as equal weight Morgan Stanley said in its annual ask the interns survey that Tesla favorability fell. " Morgan Stanley reiterates PayPal as overweight Morgan Stanley said it's bullish heading into PayPal earnings on Wednesday. " Oppenheimer reiterates Target as outperform Oppenheimer said investors should buy the dip ahead of Target earnings later this month. Bank of America reiterates DraftKings as buy Bank of America is bullish heading into earnings later this week. Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's standing by its overweight rating, but that the company needs an electric vehicle strategy change soon.

Persons: Baird, it's, Cantor Fitzgerald downgrades Rivian, Cantor, Morgan Stanley, Tesla, Read, RMD, PYPL, Oppenheimer, Canaccord, Estee Lauder, DraftKings, DoorDash, comps, Bernstein, Goldman Sachs, Goldman, Ford Organizations: Apple, Mercedes, Barclays, 2H23, RBC, PayPal, Citi, EL, Amazon, Bank of America, Anheuser, Busch InBev, Goldman, Meta Locations: US

☆ Meta's stock just wrapped up its ninth straight monthly gain as Wall Street cheers cost cuts
▼ + stars: | 2023-07-31 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +5 min

In this article META Follow your favorite stocks CREATE FREE ACCOUNTMark Zuckerberg, CEO, Meta Platforms, in July 2021. Kevin Dietsch | Getty Images News | Getty ImagesA year ago, Meta's stock was in the midst of a nosedive as Wall Street grew concerned that threats to the business were increasingly existential. Despite slipping on Monday, Meta's stock climbed 11% in July, wrapping up its ninth straight month of gains, by far the longest such stretch since Facebook's IPO in 2012. watch nowMeta has been the second-best performing stock in the S&P 500 this year, behind only Nvidia . Then came the cost cuts and Zuckerberg's promise early this year that 2023 would be the "year of efficiency."

Persons: Mark Zuckerberg, Kevin Dietsch, Mark Zuckerberg's, Zuckerberg, Frances Haugen, Haugen's Organizations: Meta, Getty, Facebook, Nvidia, Apple, Nurphoto Locations: Ukraine, Russia, China

☆ How investors can get ahead by listening to a company's earnings conference call
▼ + stars: | 2023-07-23 | by ( Zev Fima | ) www.cnbc.com time to read: +20 min

Commentary on the results Almost all calls begin with a discussion of the reported results. The reported quarter ended May 31 and the call was hosted on June 30, a full month after the quarter ended. By listening into the call, an investor could see that the reported results did not tell the full story around Wynn's business in China. As with the reported results, any comments on supply chains and customer dynamics could prove relevant to the direction of the stock. It can be quantitative, by which management provides actual targets for sales, earnings, and/or industry metrics.

Persons: —, they've, Gamble, Jeff Miller, Mark Zuckerberg, Zuckerberg, takeaways, It's, Jim Cramer's, Jim Cramer, Jim, sasirin Organizations: Procter, TJX, Devices, Club, Constellation Brands, Wynn Resorts, WYNN, Halliburton, HAL, Microsoft, Apple, Linde, LIN, Management, Coterra, Investors, Nvidia, Jim Cramer's Charitable, CNBC, iStock, Getty Locations: Macao, China, overspending

☆ Here are Wednesday's biggest analyst calls: Apple, AT&T, Tesla, Amazon, Meta, Microsoft, Spotify and more
▼ + stars: | 2023-07-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan adds Qualcomm and HP Inc. to the focus list JPMorgan added HP Inc. to the focus list and said it's a top value idea. The firm also added Qualcomm to the focus list and says it's a top growth idea. JPMorgan adds Charles Schwab to the focus list JPMorgan added the stock to its focus list after its earnings report and said it sees "improving fundamentals." Bank of America reiterates Amazon as buy Bank of America said it's bullish heading into Amazon earnings later this month. Bank of America reiterates Block as buy Bank of America said shares of the company formerly known as Square are undervalued.

Persons: Tesla, it's, Charles Schwab, Schwab, Jefferies, Berkshire Hathaway, Archer, Guggenheim, ServiceNow Organizations: JPMorgan, Qualcomm, HP Inc, Watch, Cisco, " Bank of America, of America, Bank of America, Meta, UBS, Berkshire, Citi, Republic Services, Hollywood, Argus, Street, Aviation, UW, DuPont, Texas, Microsoft, Apple Locations: 2023E, 2025E, Berkshire, ACHR, EE

☆ JPMorgan upgrades Cisco as orders near a trough, says shares look inexpensive and can rally more than 20%
▼ + stars: | 2023-07-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

JPMorgan says it may be time for investors to consider scooping up Cisco Systems as order trends normalize after a spending trough, adding that the shares trade at a cheap valuation. Analyst Samik Chatterjee upgraded the networking stock to overweight from neutral, citing limited enterprise spending downside from current levels. Chatterjee also views the stock as cheap, currently trading at a forward price-to-earnings ratio of 12.5. He raised his 12-month price target to $62, up from $55 a share, reflecting 21% upside from Tuesday's close. Cisco has risen 7.6% year to date and added about 2% before the stock market's opening bell.

Persons: Samik Chatterjee, JPMorgan, Chatterjee, — CNBC's Michael Bloom Organizations: JPMorgan, Cisco Systems, Cisco

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