DIRS.INFO The most relevant business & tech news

☆ Here are Tuesday's biggest analyst calls: Nvidia, Meta, Dell, Amazon, Apple, CrowdStrike, Netflix, Airbnb & more
▼ + stars: | 2024-05-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

UBS upgrades Globant to buy from neutral UBS said it sees "demand stabilization" for the IT and software development company. Wedbush upgrades Airbnb to outperform from neutral Wedbush said investors should buy the dip in shares of Airbnb. Morgan Stanley reiterates CrowdStrike as a top pick Morgan Stanley raised its price target on the stock to $422 per share from $372. Morgan Stanley reiterates Microsoft and Meta as overweight Morgan Stanley said in its analysis of large-cap institutional ownership that Microsoft is most under-owned and Meta the most over-owned. " Morgan Stanley reiterates Amazon as overweight Morgan Stanley said the e-commerce giant has a "widening" competitive advantage. "

Persons: Melius, Truist, Mizuho, Hannifin, it's, Futu, Steve Steinour, Zach Wasserman, Huntington, NCLH, Wells, Morgan Stanley, CrowdStrike, Dell, John Donovan, JMP, Guggenheim Organizations: Nvidia, Parker, Mizuho, Argus, UBS, JPMorgan, NASDAQ, 38ppt, " Bank of America, Bank of America, RBC, Netflix, &, Deutsche Bank, Deutsche, Citi, DuPont, Department of Justice, TAM, Guggenheim, Microsoft, Meta, Apple Locations: Asia, Airbnb, ZS, China

Analyst Ronald Epstein downgraded the electronics maker to underperform from neutral and slashed $15 off his price target to $150. Analyst Rupesh Parikh reiterated his outperform rating on the wholesaler, while lifting his price target by $45 to $850. Analyst Tal Liani reiterated his buy rating on the software stock and price target of $315. Analyst Gabriela Borges upgraded the retail software stock to buy from neutral and raised her price target by $7 to $74. He also slapped a $42 price target on the stock, implying upside of nearly 17%.

Persons: Goldman Sachs, Piper Sandler, Kraft Heinz, Ronald Epstein, Epstein, — Alex Harring, Oppenheimer, Rupesh Parikh, Parikh, Alex Harring, Daniel Grosslight, Grosslight, HIMS, he's, Tal Liani, Liani, CORA, it's, Morgan Stanley, Josh Baer, Baer, Box's, there's, Goldman, Gabriela Borges, Borges, Shopify, Michael Lavery, Lavery, KHC, Fred Imbert Organizations: CNBC, Garmin Garmin, Bank of America, Garmin, Costco, Citi, Kraft, ~$ Locations: Tuesday's, Swiss, Shopify

☆ This unexpected corner of the market offers quality dividend payers, Bank of America says
▼ + stars: | 2024-05-22 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Investors hunting for income ought to look to small-cap stocks for a few high-quality dividend payers, according to Bank of America. There are names within it that offer quality dividend yields, according to Jill Carey Hall, equity strategist at Bank of America, in a Monday research report. Further, once the Federal Reserve begins cutting rates, yields paid on cash will fall, and that will make these dividend payers even more attractive for income. Finally, Bank of America added Essential Properties Realty Trust to its list of buy-rated dividend payers. The stock has a dividend yield of 4.2%, and shares are up 7.5% in 2024.

Persons: Russell, Jill Carey, Peter Galbo, Utz, Alton Stump, Stump, Nick Joseph Organizations: Bank of America, Nasdaq, Federal Reserve, Brands, Properties Realty Trust, Citi Locations: West, Midwest, Southwest, Hanover , Pennsylvania, comps

☆ Election Updates: Trump prosecutor wins re-election and other takeaways from Tuesday’s contests.
▼ + stars: | 2024-05-22 | by ( Chris Cameron | ) www.nytimes.com time to read: +4 min

The protest vote against Mr. Biden there was nearly double that against Mr. Trump, who won about 85 percent of the vote in the Republican primary. Turnout also plunged in the Democratic primary, with about 184,000 votes tallied, compared with the more than 537,000 recorded in 2020. In neighboring Washington State, the uncommitted ballot option got nearly 10 percent of the vote in the Democratic primary in late March. Image Fani Willis, the Fulton County district attorney, celebrated her re-election win in the Democratic primary on Tuesday in Atlanta. The Democratic primary for district attorney in Fulton County, Ga., ended in a remarkable blowout.

Persons: Vince Fong, Kevin McCarthy, Fong, McCarthy, — Mike Boudreaux, Biden, Donald J, Mr, Trump, Fani Willis, Brynn Anderson, Willis, Christian Wise Smith, Scott McAfee, Trump’s, Judge McAfee, McAfee’s, Jamie McLeod, Skinner, Janelle Bynum, Ms, Bynum, Tina Kotek, Lori Chavez, DeRemer, Mike Schmidt, Nathan Vasquez, Vasquez, Schmidt, Schmidt’s Organizations: Republican, Trump, Democratic, Mr, Associated, Georgia, Oregon’s Fifth Congressional Locations: California, Tulare County, Georgia , Idaho , Kentucky, Oregon, Kentucky, In Oregon, Gaza, Washington State, Fulton County, Atlanta ., Georgia, Fulton County ,, Multnomah County, Portland

☆ Trump Prosecutor Wins, McCarthy’s Successor Is Set and Other Election Takeaways
▼ + stars: | 2024-05-22 | by ( Chris Cameron | ) www.nytimes.com time to read: +1 min

Mr. Fong succeeds Mr. McCarthy nearly five months after he resigned from Congress, following his ouster from the speakership. Mr. Fong will now serve until the term expires in January and will again face his Republican opponent — Mike Boudreaux, the longtime sheriff of Tulare County — in the fall to seek a full term. Georgia, Idaho, Kentucky and Oregon also held primary contests on Tuesday, with presidential primaries in Kentucky and Oregon yielding notable protest votes against President Biden and former President Donald J. Trump. Biden met significant resistance in the Kentucky primary, and a protest vote against him in Oregon faltered. The protest vote against Mr. Biden there was nearly double that against Mr. Trump, who won about 85 percent of the vote in the Republican primary.

Persons: Vince Fong, Kevin McCarthy, Fong, McCarthy, — Mike Boudreaux, Biden, Donald J, Mr, Trump Organizations: Republican, Trump, Democratic, Mr Locations: California, Tulare County, Georgia , Idaho , Kentucky, Oregon, Kentucky

☆ Stocks making the biggest moves midday: Hims & Hers Health, Norwegian Cruise Line, Target and more
▼ + stars: | 2024-05-20 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Wix.com — The web development company jumped more than 25% after it posted better-than-expected first-quarter results. Norwegian Cruise Line — The cruise line operator jumped more than 8% after Norwegian Cruise Line lifted its full-year earnings guidance. It also reported better-than-expected first-quarter results. Hasbro — Shares gained 3% after Morgan Stanley called Hasbro a top pick, saying its recent underperformance gives investors a strong entry point. Uranium stocks have recently gained after President Joe Biden signed a bill banning imports of Russian uranium for nuclear fuel.

Persons: Wix.com, Li Auto, Goldman Sachs, Morgan Stanley, Johnson, Elliott, Joe Biden, NuScale, — CNBC's Michelle Fox, Lisa Kailai Han, Alex Harring, Samantha Subin Organizations: Norwegian Cruise, Target, GameStop, Micron Technology, Hasbro —, Hasbro, Bloomberg News, Elliott Management, Nvidia, Microsoft, Dell Technologies Locations: Norwegian, U.S, NextDecade's Rio

☆ UK stocks are outperforming the U.S. and one CIO says they look 'very cheap'
▼ + stars: | 2024-05-20 | by ( Katrina Bishop | ) www.cnbc.com time to read: 1 min

U.K. stocks are finally turning a corner after years of underperformance, according to one chief investment officer, who stressed that valuations are looking "very cheap." The U.K. FTSE 100 is up around 11% over the last three months, while the broader FTSE 250 index is more than 9% higher. In comparison, the U.S.' S&P 500 is trading around 6% higher over the same period. He gave the example of oil giant Shell trading at a significantly lower price-to-earnings multiple than its U.S. rivals. A low P/E multiple — the ratio of a company's share price to its earnings per share — can indicate that a stock is undervalued.

Persons: Dan Boardman, CNBC's Organizations: BRI Wealth Management Locations: U.S, Weston

☆ Trim Alphabet, buy Microsoft: How major hedge funds invested in tech during the first quarter
▼ + stars: | 2024-05-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Hedge funds took a diversified approach to technology investing in the first quarter as the sector built on its 2024 rally. Both Appaloosa and Coatue trimmed stakes in Nvidia during the period, with the latter shrinking his stake by 68% to $1.25 billion. Stanley Druckenmiller told CNBC last month that he cut his Nvidia stake in late March and called AI a "little overhyped" in the short run. Apple caught renewed attention from Viking Global and cuts from Coatue and Warren Buffett's Berkshire Hathaway. Coatue, Third Point, Viking Global and Tiger Global upped their Amazon stakes, while Appaloosa and D1 Capital trimmed their holdings.

Persons: Michael Burry, Ole Andreas Halvorsen zeroed, David Tepper's, Chase, Seth Klarman's Baupost, Dan Sundheim's, Phillippe Laffont's Coatue, Dan Loeb's, Halvorsen, Tepper, Sundheim, Laffont, Brad Gerstner, Stanley Druckenmiller, Warren Buffett's Berkshire, Coatue Organizations: Technology, Nasdaq, Nvidia, Meta, Capital, Microsoft, Street's, CNBC, Apple, Viking Global, Warren Buffett's Berkshire Hathaway, Tiger Global Locations: Coatue, Warren

☆ Activist Boaz Weinstein says BlackRock funds are 'crushing shareholder rights'
▼ + stars: | 2024-05-17 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Boaz Weinstein, the hedge fund investor on the winning side of JPMorgan Chase's $6.2 billion, "London Whale" trading loss in 2011, is now taking on index fund giant BlackRock . The hedge fund wants board control at three BlackRock funds and a minority slate at seven others. BlackRock, Saba says in the deck, "considers itself a leader in governance, but is crushing shareholder rights." At certain BlackRock funds, for example, if an investor doesn't submit their vote in a shareholder meeting, their shares will automatically go to support BlackRock. The index fund manager's rebuttal, "Defend Your Fund," describes Saba as an activist hedge fund seeking to "enrich itself."

Persons: Boaz Weinstein, Saba, Weinstein, doesn't Organizations: Saba Capital Management, Bloomberg, JPMorgan Chase's, Weinstein's, CNBC, BlackRock, affirmatively Locations: New York, BlackRock, Weinstein's Saba, Saba

☆ Why some investors are bullish on this asset class that's yielding over 6%
▼ + stars: | 2024-05-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

Right now, securitized products in general look relatively cheap, said John Kerschner, head of U.S. securitized products and portfolio manager at Janus Henderson Investors. To meet this need, Janus launched its Securitized Income ETF (JSI) in November, which invests across the securitized space. JSI YTD mountain Janus Henderson Securitized Income ETF Collateralized loan obligations Another fund Kerschner manages is the Janus Henderson AAA CLO ETF . One way investors can get broad exposure to CMBS via BlackRock's iShares CMBS ETF . CMBS YTD mountain iShares CMBS ETF year to date However, Janus' Kerschner pointed out that all office work isn't going away.

Persons: Nick Travaglino, Nuveen, Travaglino, John Kerschner, Janus Henderson, Janus, Kerschner, Rick Rieder, I've, Rieder, CLOs, it's, isn't, Fannie Mae, Freddie Mac, Kershner, We're Organizations: Investors, Fund, Janus Henderson Investors, SEC, Janus Henderson AAA CLO, Bank of America, AAA CLOs, BlackRock AAA CLO Locations: CLOs, BlackRock, Moody's, CMBS, multifamily

☆ Dan Loeb's Third Point adds to megacap tech holdings in Q1— with one exception
▼ + stars: | 2024-05-16 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Dan Loeb's Third Point largely bought into the big technology space during the first quarter, offering a sign of confidence in further gains after a big rally. That can indicate expectations of more room to run within megacap tech and "the Magnificent Seven." He raised his Amazon stake by more than 20%, making the e-commerce stock his second-largest holding at about $920 million. The big tech name, which joined the Dow Jones Industrial Average earlier this year, gained close to 19% in the first quarter. Outside of tech, he opened stakes in names including Goldman Sachs and Cinemark during the quarter.

Persons: Dan Loeb's, It's, bode, Loeb, Warburg Pincus, Goldman Sachs Organizations: Microsoft, Google, Dow Jones, Columbia, UC, Berkeley, Meta, Jefferies, Citigroup, United States Steel, DuPont de Nemours Locations: New York, McKesson

☆ Shares of this gene editing company are due to surge more than 45%, Citi says
▼ + stars: | 2024-05-16 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

After a period of steady underperformance, investors should pick up shares of biotech Prime Medicine as regains the market's favor, according to Citi. Analyst Samantha Semenkow upgraded the preclinical-stage company to buy from neutral and kept her price target of $10 per share, which implies 47.9% potential upside from the stock's latest close. To be sure, Semenkow said she remains cautious on Prime's cash position and expects the Cambridge-based company to need to raise again in the next 12 to 18 months. Ongoing [business development] efforts could provide a source of non-dilutive cash and potential upside to her target price, she added. The company also had significantly more cash and cash equivalents on hand at the end of the previous quarter compared to the end of last year.

Persons: Samantha Semenkow, Semenkow Organizations: Prime Medicine, Citi, and Drug Administration, Cambridge, Research Locations: hematology

☆ Costco shares may be getting ahead of themselves into earnings. A bearish trade using options
▼ + stars: | 2024-05-15 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

We'll review a "broken wing put butterfly" options trade to position bearishly on Costco. With a business model focused on memberships and rock-bottom prices, Costco (COST) has grown much faster than its peers and commands a significantly higher valuation. Over the past year, COST stock has rallied over 55%, nearly double what the S & P 500 returned over the same period. Additionally, with such a high-priced stock and options premiums elevated with earnings on deck in two weeks, we have to get creative to structure a trade to seek bearish exposure heading into earnings. I'm looking out to the June 7 th weekly expiration and buying a $700/730/775 broken wing put butterfly for $9.72 debit.

Organizations: Costco

☆ Evercore ISI says three years of biotech underperformance may be ending, gives its 5 favorite stocks
▼ + stars: | 2024-05-14 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

"After 3 years of painful underperformance, winter is finally thawing and spring just might be in the air," analyst Cory Kasimov wrote in a Monday note. Biotech stocks broadly peaked in early 2021 when interest rates were at a trough, Kasimov noted. While biotech stocks are sensitive to interest rates, the analyst believes most of the group's other catalysts — such as mergers and access to capital — remain "relatively consistent." XBI YTD mountain SPDR S & P Biotech ETF performance year to date The sector is opportune for investors looking for "a stock picker's market," according to Kasimov. With this in mind, he named seven stocks to his core initial list, which he named "The Magnificent Seven."

Persons: Cory Kasimov, Kasimov, We've, Neurocrine, — CNBC's Michael Bloom Organizations: ISI, Biotech, P Biotech, Moderna Locations: —

☆ Stocks making the biggest moves midday: Walgreens, GameStop, Intel, Robinhood and more
▼ + stars: | 2024-05-13 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

GameStop — Shares in the video game retailer soared more than 65% on Monday after "Roaring Kitty," the man who fueled the 2021 GameStop mania, posted online on Reddit for the first time in roughly three years. Reddit , Robinhood — Shares of the two companies that were involved with the meme stock mania in 2021 rose on Monday as GameStop surged. Reddit rose more than 9%, hitting its highest level since March, while retail brokerage stock Robinhood gained about 6.2%. Intel — The chipmaker gained nearly 4% after The Wall Street Journal reported that it is in talks for an $11 billion deal with Apollo Global Management to build a factory in Ireland. Airlines — American Airlines gained 4.4%, while United Airlines and Delta Air Lines added 2.9% and 1.7%, respectively, after HSBC initiated coverage with buy ratings.

Persons: Incyte, Morgan Stanley, —, Alex Harring, Brian Evans, Hakyung Kim, Jesse Pound Organizations: Walgreens, Alliance, Bloomberg, GameStop, Arm Holdings, Nikkei, Nexstar Media Group, CW, Intel, Street Journal, Apollo Global Management, Technologies, Susquehanna, Airlines — American Airlines, United Airlines, Delta Air Lines, HSBC, Delta Locations: Irving, Texas, Ireland

☆ Activist Elliott settles for a new director at Sensata. These next steps may help boost shares
▼ + stars: | 2024-05-11 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Business: Sensata Technologies is an industrial technology company that develops, manufactures and sells sensors, electrical protection components and other products. Activist Commentary: Elliott is a very successful and astute activist investor. Elliott often watches companies for many years before investing and has an extensive stable of impressive board candidates. At the same time, Sensata also noted that Elliott settled for a board seat for Phillip Eyler (president and CEO of Gentherm), effective on July 1. As Sensata sensors are used in both combustion and electric vehicles, the current trend to hybrid gives the company a sort of 2-for-1 demand for its products.

Persons: Elliott, Jeff Cote, Martha Sullivan, Sensata, Phillip Eyler, Russell, Sullivan, Eyler, Ken Squire Organizations: Sensata Technologies, Xirgo Technologies, SmartWitness Holdings, 13D Locations: COOs, Cote, Sensata

☆ Want to invest in real estate without dealing with tenants or leaky roofs? Buy these 13 stocks with major rebound potential instead, a strategy chief says.
▼ + stars: | 2024-05-10 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

However, there's an easy way to invest in real estate without breaking the bank or even leaving the couch: buying real-estate stocks, which BMO Capital Markets finds increasingly attractive. But, contrary to what many investors believe, higher rates don't always hurt real-estate stocks, Belski wrote. AdvertisementThe market's misleading narrative about real-estate stocks has made the group remarkably cheap relative to its solid fundamentals, in Belski's view. "The severity of underperformance appears mismatched with the fundamental underpinnings of the group," Belski wrote. 13 real-estate stocks set to outperformInvestors looking to diversify their portfolios should consider 13 stocks in the real-estate sector with outperform ratings from BMO Capital Markets.

Persons: —, Brian Belski, Belski, it's Organizations: Service, Business, BMO Capital Markets, BMO, doesn't Locations: Montreal

☆ BMO is buying the real estate dip. These dividend-yielding stocks on are its buy list
▼ + stars: | 2024-05-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Real estate stocks have become oversold and that's presented an opportunity for investors, according to BMO. Real estate is the only S & P 500 sector that's in the red this year, off 6%. .SPLRCR YTD mountain S & P 500 Real Estate Sector year to date BMO identified four other periods of this abnormal underperformance. In the year following such troughs, real estate investment trusts outperformed the S & P 500 by about 17%, on average. "The death of commercial real estate is way, way precluded.

Persons: that's, Brian Belski, Belski, REITs, Charles Meyers Organizations: BMO, Real, Boston Properties, CNBC, Boomers, . Census, Hotels, Resorts Locations: New York, San Francisco

☆ Here are Friday's biggest analyst calls of the day: Nvidia, Tesla, Apple, 3M, Bumble, Nike, Walmart, Palantir & more
▼ + stars: | 2024-05-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wedbush reiterates Apple as outperform Wedbush said it's standing by its outperform rating on shares of Apple . Bank of America reiterates Palantir as buy Bank of America said it's standing by its buy rating on shares of Palantir. Bank of America initiates Apogee Therapeutics at buy Bank of America said the biotech company has best-in-class potential. Bank of America upgrades Bumble to buy from neutral Bank of America sees "multiple expansion" for the dating app company. Bank of America reiterates Walmart as buy Bank of America said it's bullish heading into Walmart earnings on May 16.

Persons: Bernstein, Wedbush, Palantir, Wells, CRNC, Stifel, TD Cowen, Morgan Stanley, Raymond James, it's, Bumble, Lear, Tesla, Oppenheimer, Guggenheim Organizations: Nvidia, Citi, Cheesecake, Apple, Worldwide, " Bank of America, Bank of America, Mizuho, Apogee Therapeutics, Warner Brothers Discovery, HSBC, TPG, of America, Dominion, underperform Bank of America, Dominion Energy, Barclays, Nike, Walmart, Supercenters, Moffett Locations: WWDC, Palantir, OW, U.S

☆ Corporate America Is Going Un-Woke: Reversing DEI, Sustainability Plan
▼ + stars: | 2024-05-09 | by ( Emily Stewart | ) www.businessinsider.com time to read: +10 min

Plenty of companies are reining in their rhetoric and in some cases action on issues such as sustainability and diversity. Over the past decade, many corporations have at least professed to take a more active role in social issues, under pressure from their customers and, more importantly, employees. After last year's Bud Light debacle, which was a real blow to its business, executives fear they'll be the next target of some anti-woke outcry. For the fourth quarter of 2020, 131 companies mentioned ESG, and 34 mentioned DEI or diversity and inclusion. This may be a great un-wokening, but maybe corporate America was actually never that committed to the idea in the first place.

Persons: Paul Polman, It's, Naomi Wheeless, Eventbrite, Donald Trump, Larry Fink, George Floyd's, ESG, Andrew Jones, there's, Bud Light, influencer Dylan Mulvaney, haven't, Philip Mirvis, Bud, they'll, they'd, Jones, it's, Fink, FactSet, — we're, wasn't, Alison Taylor, University's, we've, Roe, Wade, Taylor, isn't, Dylan Mulvaney, Bud Light's, Kenneth Pucker, Emily Stewart Organizations: Unilever, Unilever wasn't, Unilever isn't, Companies, Business, Sporting Goods, Conference Board's ESG, Morningstar, Babson, AIG, Amazon, ExxonMobil, University's Stern School of Business, Anheuser, Busch, Fletcher School, Tufts University Locations: Plenty, America, ESG, New, Charlottesville

☆ Activist Ancora wins three board seats at Norfolk Southern but falls short of ousting CEO
▼ + stars: | 2024-05-09 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Norfolk Southern shareholders on Thursday voted to elect three of dissident Ancora's director nominees but fell short of ousting incumbent CEO Alan Shaw. Norfolk Southern's board had fought hard to stave off Ancora's biggest demand: firing current CEO Alan Shaw. The activist had argued that Norfolk Southern should adopt a model known as precision-scheduled railroading, or PSR, which has delivered impressive shareholder returns at other railroads. Government officials, who had previously voiced their support for Norfolk over Ancora, were momentarily silenced by the reversal. ISS recommended that shareholders support five of Ancora's seven picks but did not recommend electing Ancora CEO pick Jim Barber to the board.

Persons: Alan Shaw, William Clyburn, Sameh Fahmy, Gilbert Lamphere, Ancora, Glass Lewis, Jim Chadwick, Frederick DiSanto, Shaw, Ancora's, Jim Barber, Ancora's Chadwick, DiSanto Organizations: Norfolk Southern, Shareholders, Norfolk, ISS, PSR, Government, Labor, Cleveland Locations: . Norfolk, Ohio, Ancora

☆ BlackRock shifted billions into this active ETF. Here’s why it matters to regular investors
▼ + stars: | 2024-05-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

A small tweak in BlackRock's model portfolio turned a sleepy fund into one of the market's fastest growing active ETFs overnight. BlackRock added the U.S. Equity Factor Rotation ETF (DYNF) to its target allocation model portfolio in mid-March. The growth of DYNF sits at the center of two broader trends — rapid growth of model portfolios and the proliferation of active ETFs. Model portfolios are strategies offered by asset managers to investors and financial advisors. Meanwhile, model portfolios that want to add active management may not be able to add the best-performers in a category.

Persons: Michael Gates, DYNF, financials, Berkshire Hathaway, Morningstar, Elisabeth Kasner, Kasner, It's Organizations: U.S, Equity, BlackRock's, Stock Market, Microsoft, Nvidia, Berkshire Locations: BlackRock, DYNF

☆ JPMorgan says the late Charlie Munger would love this wonderful bank trading at a fair price
▼ + stars: | 2024-05-08 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

JPMorgan said this regional bank is so appealing that it would have attracted attention from the late Charlie Munger. "When we think of the late, great Charlie Munger and his mantra to 'buy wonderful businesses at fair prices,' the bank that fits this bill in our view is Cullen Frost," the firm's bank analyst Steven Alexopoulos said in a note. However, JPMorgan said the bank's "strong organic growth story" remained fully intact. JPMorgan said investors are now able to buy the shares at 13.1 times forward earnings, compared to a 16X historical average. The bank maintained its overweight rating and has a 12-month price target of $140 per share, which would translate into 32% upside from Tuesday's close of $105.62.

Persons: Charlie Munger, Cullen Frost, Steven Alexopoulos, Munger, Buffett, Cullen, Frost, — CNBC's Michael Bloom Organizations: JPMorgan, Berkshire Hathaway's, CFR, Frost Bankers Locations: San Antonio , Texas

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Nike, Rivian, Reddit, Disney, Micron, Redfin, Block, Ferrari & more
▼ + stars: | 2024-05-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America reiterates Apple as buy Bank of America is sticking with its buy rating on shares of Apple after its Tuesday iPad event. Bank of America reiterates Rivian as buy Bank of America said it's standing by the EV maker following earnings on Tuesday. " Bank of America initiates Sutro as buy Bank of America said it's bullish on shares of the biotech company. Deutsche Bank upgrades Boston Beer to hold from sell Deutsche upgraded the stock mainly owing to valuation. Bank of America reiterates Nvidia and Micron as buy Bank of America said it's sticking with buy ratings on both Nvidia and Micron.

Persons: Wells, Baird, Apple, Morgan Stanley, NKE, Reddit, Rivian, RIVN, Rosenblatt, Raymond James, it's, Roth, SHLS, Goldman Sachs, Goldman, ZI, YTD, Stephens, Ferrari Organizations: Hexcel Corporation, Old Dominion, Bank of America, Apple, Nike, Citi, Barclays, Disney, Nasdaq, JPMorgan, VMware, Broadcom, Deutsche Bank, Boston Beer, Deutsche, Nvidia, Micron, AMD, ARM, MU, Garden Entertainment, Knicks, Rangers, UBS, Ferrari Locations: Old, Disney, Datadog, RDFN

☆ Bob Iger reveals Disney's new plan for Marvel: quality over quantity
▼ + stars: | 2024-05-07 | by ( Madeline Berg | ) www.businessinsider.com time to read: +1 min

Disney CEO Bob Iger plans to limit the number of Marvel films and TV shows released each year. The decision follows underperformance and criticism of the quality of Marvel content. AdvertisementDisney CEO Bob Iger's turn-around tour continues, and he let us in on the plan for what is arguably the House of Mouse's most successful IP: Marvel. In Disney's first earnings call since successfully fending off a proxy battle from Nelson Peltz — and former Marvel Entertainment chairman Ike Perlmutter — Iger delineated the future of the Marvel Cinematic Universe. This story is available exclusively to Business Insider subscribers.

Persons: Bob Iger, —, Bob Iger's, Nelson Peltz —, Ike Perlmutter — Iger Organizations: Disney, Marvel, Service, Marvel Entertainment, Business

Search resuls for: "Underperformance"

25 mentions found