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☆ Here's why Abbott Labs stock is getting dinged after a strong earnings beat
▼ + stars: | 2024-07-18 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

As Abbott's organic sales growth continues to shine, the market will realize both concerns are overblown. The FreeStyle Libre itself, which had 20% organic growth in the quarter, also still has plenty of runway for further growth. Investors should focus instead on the upward revision to management's full-year outlook for both top-line organic growth and earnings. The combination of Thursday's strong results and immediate decline in share price is setting up a positive risk vs. reward setup. Within Diagnostics, a small miss in molecular was more than offset by strong results in core laboratory, point of care and rapid diagnostics.

Persons: Abbott, Edwards, Robert Ford, It's, Jim Cramer's, ABT, Jim Cramer, Jim, Robert B, Ford, Ethan Miller Organizations: Abbott Labs, Abbott Laboratories, NEC, Rio, Libre, Management, Diagnostics, Devices, CNBC, Getty Locations: Missouri, Rio —, United States, U.S, Vegas, Las Vegas , Nevada

☆ How to trade Netflix using options ahead of earnings
▼ + stars: | 2024-07-18 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

Netflix earnings are out after the bell Thursday. Breaking down Netflix fundamentals Netflix faces much more competition in the streaming industry than it did a few years ago. These concerns were valid, given that Netflix had accumulated over $10 billion in negative cash flow in the decade leading up to the pandemic through December 2019. Over the four fiscal years from 2020 to 2023, Netflix reported over $10 billion in free cash flow, reversing the negative cash flow of the previous decade. These calls, 8% out of the money, traded for $9 each, representing just under 1.4% of the current stock price.

Organizations: Netflix, CNBC, NBC UNIVERSAL

☆ Analysts downgrade Palo Alto to a hold rating — here's what they got wrong
▼ + stars: | 2024-07-18 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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, —, We're, management's, Jim Cramer's, Jim Organizations: CNBC, Palo, Nasdaq, Dow Jones, Devices, Palo Alto Networks, Abbott Laboratories, AMD Locations: Palo

☆ Here are Thursday's biggest analyst calls: Nvidia, Gap, Exxon, Apple, Block, Toast, Allstate, AMC, Chipotle, Dollar Tree & more
▼ + stars: | 2024-07-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Nvidia as buy Bank of America said it's sticking with its buy rating on Nvidia and that investors should "focus on fundamentals." "We are initiating on Frontier with a Buy rating and $33 PT." BMO upgrades Allstate to outperform from market perform BMO said it sees growth potential for the insurance company. " Morgan Stanley reiterates Taiwan Semiconductor as overweight Morgan Stanley said it's sticking with its overweight rating following the company's earnings report. " "We initiate coverage of Impinj with an Overweight rating and $205 price target."

Persons: Wolfe, Mizuho, it's, Goldman Sachs, Goldman, Baird, Morgan Stanley, Wells, TD Cowen, Redburn, William Blair, –, Roth MKM, Roth, TSMC, JPMorgan, Chipotle, Cantor Fitzgerald, Cantor Organizations: Exxon, ExxonMobil, Bank of America, Nvidia, Apple, UBS, Frontier, Mizuho, Citi, Vans, BMO, Allstate, Deutsche, Meta, Paris, Palo Alto Networks, Palo, AMC, 3Q, Taiwan Semiconductor, JPMorgan, CMG Locations: Palo Alto

☆ How to play the pullback in Alphabet, using options to limit your risk during the tech sell-off
▼ + stars: | 2024-07-17 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

The recent pullback in GOOGL's stock price offers an attractive entry point for investors looking to gain exposure to these high-growth areas. We'll review an options strategy to get long exposure while limiting overall risk. GOOGL has recently pulled back slightly within a strong bullish trend, creating an attractive risk reward to seek long exposure. The trade Options on Alphabet Inc. (GOOGL) are not too cheap or expensive based on their implied volatility. To capitalize on the recent pullback and anticipated continued growth, I bought the August 30 $180/$200 Call Vertical for a $7.70 Debit.

Persons: GOOGL Organizations: Inc, YouTube, GOOGL, CNBC, NBC UNIVERSAL

☆ 'Too cheap to ignore': Buy this under-the-radar global bank with a 9% yield, analyst says
▼ + stars: | 2024-07-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares of Nordea Bank , the Finnish lender, have been labeled "too cheap to ignore" by investment bank Berenberg. Net interest income – earned through the differences in rates offered to savers and borrowers — grew 7% year-on-year to 3.86 billion euros. "Trading on only 7.5x our [financial year] 2025 earnings — an 8% premium to the sector — we think Nordea is too cheap to ignore. However, the Berenberg analyst believes that Nordea's net interest income is relatively resilient, noting that "the market still underappreciates Nordea's [net interest income] stability, in our view, which contrasts favourably to that of more rate-sensitive Nordic peers." The analyst also said that recent challenges, including a slight miss on second-quarter net interest income expectations or a modest cost increase, should not deter investors.

Persons: —, Frank Vang, Jensen, Hugh Moorhead, Banks, Moorhead Organizations: Nordea Bank, Moorhead Locations: Helsinki, Finland, Sweden, Norway, Denmark, U.S, Germany, Italy, Switzerland, Moorhead

Morgan Stanley raised its price target on Rivian to $17 from $13. Analyst Frank Lee did raise his price target to $200 from $190, although he added that "the risk-reward is less attractive now." Guggenheim hiked the price target to $735 per share from $700. He did raise his price target for the stock to $225 from $180, although this price hike still implies that Tesla stock could fall 12%. Analyst Adam Jonas raised his price target on the stock to $17 from $13.

Persons: Morgan Stanley, Jefferies, Frank Lee, Lee, Lisa Kailai Han, Michael Morris, Morris, Guggenheim, — Jesse Pound, Morgan Stanley's Simeon Gutman, Gutman, Seth Sigman, Truist, – Samantha Subin, TD Cowen downgrades Charles Schwab, Charles Schwab's, TD Cowen, Bill Katz, Charles Schwab, Katz, mgmt, — Lisa Kailai Han, Wells, Bank of America Wells, Mike Mayo, Mayo, Goliath, Dan Levy, Levy, Dennis Geiger, Geiger, Thomas Fitzgerald, Fitzgerald, David Windley, UnitedHealth's, Windley, UNH, Adam Jonas, Rivian, Jonas, Fred Imbert Organizations: CNBC, HSBC, Qualcomm, Microsoft, Netflix, Guggenheim, Barclays, ISI, Citi, Mizuho, Bank of America, of America, Tesla, UBS, Sweetgreen, sss, IK, TD Cowen downgrades, Airlines, American Airlines, Delta, Jefferies, Presidential, Chevron, Volkswagen Locations: China, Tuesday's, Mayo, U.S, Tesla's, UnitedHealth, UNH's

☆ Premarket stocks: The Dow’s surge is a calculated response to political turmoil
▼ + stars: | 2024-07-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

Tragedy strikes and traders (or trading algorithms) sniff out a way to make money off of it. Stocks also went on a tear as Covid-19 killed millions and gutted economies across the globe. “The market’s up today, but the market’s up every day,” Steve Sosnick, chief strategist at Interactive Brokers, tells me. Whether or not the political bump lasts, some traders did seize on the moment to double down on so-called Trump trades. In short, when the yield curve gets steeper, that’s a sign bond traders are nervous.

Persons: CNN Business ’, Stocks, it’s, Steve Sosnick, Sosnick, ”, “, Trump, Reagan, Coinbase, Elon Musk, Sturm Ruger, he’s, Joe Biden —, ” Sosnick, they’re Organizations: CNN Business, New York CNN — Financial, Dow, Interactive, Trump, White, Macquarie, Trump Media, Smith, Wesson, Democratic, Treasury Locations: New York

☆ JPMorgan’s top tech analyst likes Amazon and 2 other stocks heading into earnings
▼ + stars: | 2024-07-16 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

JPMorgan highlighted Amazon as its best idea going into the second-quarter earnings season for technology stocks, followed by Uber and Google . JPMorgan analyst Doug Anmuth wrote that the Wall Street bank remains bullish on larger players in the industry, for now. The analyst highlighted Amazon as his favorite stock for the near and long term. Amazon stock has gained 27% this year. "Google remains focused on innovation, and we continue to believe there is healthy runway across Search and YouTube ads as AI drives higher ROI & TV dollars shift online," the analyst wrote.

Persons: Uber, Doug Anmuth, Anmuth, Michael Bloom Organizations: JPMorgan, Google, Amazon Web, Costco, YouTube

Wolfe Research initiated coverage of Amazon with an outperform rating, calling for nearly 30% upside. 7:03 a.m.: Goldman Sachs increases Spotify price target Goldman Sachs thinks Spotify will surpass Wall Street's second-quarter earnings forecasts. The firm and increased its price target to $320 from $317 on shares while maintaining a neutral rating. The analyst upgraded the e-commerce stock to buy from neutral and raised his price target to $82 per share from $78. Analyst Alan Gould downgraded the forum social network stock to hold from buy and reiterated a $75 per share price target.

Persons: Wolfe, Goldman Sachs, Wall, Eric Sheridan, Brian Evans, Shopify, Brad Sills, Sills, — Brian Evans, Jefferies, Surinder Thind, Piper Sandler, Peter Keith, Keith, DLTR, Alan Gould, Gould, Shweta, Khajuria, Fred Imbert Organizations: CNBC, Wolfe Research, Bank of America, Spotify, Jefferies, EPAM, EPAM Systems, Trump, Biden, Democrat, Advertising, Cloud Computing, Health, Business, Amazon Logistics Locations: Reddit, Monday's

☆ Trump Media shares spike 50% after assassination attempt
▼ + stars: | 2024-07-15 | by ( Matt Egan | ) edition.cnn.com time to read: +1 min

At current prices, Trump’s 114.75 million shares in Trump Media are worth about $5.6 billion. Trading under the ticker symbol “DJT,” Trump Media has achieved a massive valuation despite making little revenue and Truth Social remaining a tiny player in social media. For months, Trump Media has been a way for investors to bet on Trump returning to the White House, making Truth Social the primary platform for presidential communications. Trump Media recently announced it has been added to the Russell 1000 Index of large-cap stocks and the Russell 3000 Index. As a result, countless retail investors now own a piece of Trump Media through mutual funds and exchange-traded funds (ETFs).

Persons: Donald Trump’s, Trump, ”, Matthew Tuttle, ” Tuttle, Russell Organizations: New, New York CNN, Trump Media & Technology, Truth, Trump Media, Trading, ” Trump Media, Trump, White, Tuttle Capital Management, CNN Locations: New York, Butler , Pennsylvania, Milwaukee

☆ Buy these stocks if Trump and GOP win big in November, says Wolfe Research
▼ + stars: | 2024-07-15 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Several stocks could get a boost if former President Donald Trump wins the presidency and the GOP secures control of Congress, the odds of which have increased since the weekend, according to Wolfe Research. Here is a selection of stocks Wolfe expects to reap the benefits of a Trump reelection: Trump Media & Technology Group shares could benefit from a Trump win — and traders have already been piling into the stock since Saturday's event. Trading in Trump Media, which is the parent of social media platform Truth Social, has been volatile in recent months. The stock plunged about 50% in the three weeks after Trump was convicted on 34 felony counts on May 30. Other stocks Wolfe Research expects to benefit from a Trump win include UnitedHealth Group , Halliburton and Emerson Electric .

Persons: Donald Trump, Trump, Chris Senyek, Wolfe, Goldman Sachs, Charles Schwab, bitcoin Organizations: GOP, Wolfe Research, Investors, Trump, Republican National Convention, Republican, Federal Reserve, Trump Media & Technology Group, Trump Media, White House, Evercore, Citigroup, UnitedHealth, Halliburton, Emerson Electric Locations: Pennsylvania, Milwaukee, Technology

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Microsoft, Amazon, Advanced Micro Devices and more
▼ + stars: | 2024-07-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley raised its price target on the iPhone maker to $273 per share from $216. Morgan Stanley downgrades BP to equal weight from overweight Morgan Stanley downgraded the oil major due to "weak earnings." Morgan Stanley reiterates Microsoft as overweight Morgan Stanley said it has "increased clarity" on AI monetization. Citi names KLA Corp. a top pick Citi raised its price target on the semiconductor equipment maker to $980 from $760. Morgan Stanley downgrades Rocket Lab to equal weight from overweight Morgan Stanley said it sees a "limited catalyst path" for the space company.

Persons: Morgan Stanley, Apple, Morgan Stanley downgrades, TD Cowen, Teck, Baird, CARR, Zeta, John Donovan, AAPL, Wells, Tesla, underperform Wells, it's, Evercore, it's bullish, DDOG Organizations: Netflix, Nvidia, Devices, AMD, Citi, Electronic Arts, College Football, BMO, Teck Resources, JPMorgan, Biosciences, Zeta Global, Citi downgrades Bank of New York Mellon, Bank, New York Mellon, Apple, IOL, Amazon, UW, CIO, Susquehanna, Caesars, MGM, PENN, Bank of America, KLA Corp, OW, Department of Defense Locations: 2H24, Dell, Teck, TSLA, Las Vegas

☆ Why Wells Fargo shares will rise once the Fed starts cutting interest rates
▼ + stars: | 2024-07-15 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer said Wells is a portfolio stock that will rise once the Federal Reserve lowers rates, leading to a rebound in the bank's interest-based revenues. 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, Donald Trump, Morgan Stanley, Monday's, clawing, Wells, Jim, Jim Cramer's Organizations: CNBC, Dow Jones Industrial, Abbott Laboratories, Companies, Wells, Federal, Costco Wholesale, Costco Locations: Wells Fargo, Wells, U.S, Canada

☆ Tesla rally driven by 'retail puppy love' and won't last, warns Wells Fargo
▼ + stars: | 2024-07-15 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Tesla 's massive rally might soon run out of steam, Wells Fargo warned investors in a new note. Analyst Colin Langan reiterated his underweight rating on the electric vehicle manufacturer, contrasting with Wall Street's bullish sentiment. TSLA YTD mountain TSLA YTD chart Langan attributed the rally to temporary optimism driven by better deliveries, the approval of Elon Musk's compensation package , hype around Tesla's robotaxi and technical factors. Retail interest likely surged in recent months, while professional investors took the opportunity to cover short positions or raise underweight holdings. "The stock rose ~40% (S & P +4%) over the last month, mostly driven by 'razzle-dazzle' headlines as most fundamentals remain weak," Langan wrote in a report entitled, "Will retail puppy love last?"

Persons: Tesla, Wells, Colin Langan, Langan, Elon, CNBC's Michael Bloom Organizations: Tesla

☆ Buy these stocks ahead of earnings, including this Nvidia peer, Bank of America says
▼ + stars: | 2024-07-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Earnings season is revving up, and Bank of America has picked out a series of stocks to buy in advance of their quarterly reports. CNBC Pro combed through top research from Bank of America to find buy-rated stocks ahead of earnings. Other positive catalysts include "higher power prices, upward revisions to transmission revenues [and] accretive asset sales," Pereira wrote. Meanwhile, competition remains fierce from the likes of Nvidia , but Arya said he's standing by Broadcom's "best-in-class management team." … It commands ~83% market share & we think it stands to further dominate the space as metal card issuance soars.

Persons: Arthur Pereira, Pereira, Vivek Arya, Arya, Broadcom's, Cassie Chan, Chan, CompoSecure, … EDU, CMPO Organizations: Bank of America, CNBC, Broadcom, Eletrobras, Taiwan Semiconductor Manufacturing, Oriental Education & Technology, VMware, Nvidia, New, Taiwan Locations: U.S, China

☆ Here are 5 key things we're watching closely in the stock market this week
▼ + stars: | 2024-07-13 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Three of our Club rate plays — solar panel company Nextracker , Stanley Black & Decker , and Ford — were our top-performing stocks for the week. Friday also ushered in the start of the second quarter earnings season. Earnings Club name Morgan Stanley reports second-quarter earnings before Tuesday's opening bell. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Nextracker, Stanley Black, Decker, Ford —, Wells Fargo, Morgan Stanley, Abbott, Goldman Sachs, Charles Schwab, JB Hunt, Johnson, Ally, Kinder Morgan, Horton, Huntington, Jim Cramer's, Jim Cramer, Jim, Ted Pick, Adam Galici Organizations: Dow Jones, Nasdaq, Big Tech, PPI, Abbott Laboratories, Libre Rio, Bank of America, PNC Financial, PNC, Pinnacle Financial, Housing, U.S . Bancorp, Northern Trust Corporation, Citizens, United Airlines, Alcoa, Steel Dynamics, Green Realty, Taiwan Semiconductor, Nokia, Infosys Technologies, McLennan Companies, T Bank Corp, Forestar, Novartis, Textron, Netflix, PPG Industries, AAR, American Express, Fifth Third Bancorp, Halliburton, HAL, Comerica, CMA, Financial, Jim Cramer's Charitable, CNBC Locations: Wells, BlackRock, BLK, U.S, Marsh, Davos, Switzerland

☆ Airbus launches cost cuts to 'save 2024' after output woes
▼ + stars: | 2024-07-12 | by ( ) www.cnbc.com time to read: +1 min

An Airbus A350-1000 aircraft flies above a mosque during the 2023 Dubai Airshow at Dubai World Central - Al-Maktoum International Airport on November 14, 2023. PARIS, July 12 (Reuters) — Airbus has launched a program of cost cuts and a freeze on overall headcount to shore up performance at its core planemaking business in 2024 and beyond, weeks after being forced to cut targets for jet production, industry sources said. An Airbus spokesperson declined to comment on internal memos but confirmed the existence of a performance-improvement plan. In the memo, Scherer predicted that Boeing's ongoing corporate and industrial crisis would force Airbus' main rival to "radically change for the better," the sources said. He also drew attention to the steady rise of China as a competitor with strong state backing and a big domestic market.

Persons: Christian Scherer, Scherer Organizations: Airbus, Maktoum International Airport, Boeing Locations: Dubai, Al, Maktoum, PARIS, China

☆ Buying the dip on a cheap stock? Don't do it 'just because the price has gone down,' says investing chief
▼ + stars: | 2024-07-12 | by ( Ryan Ermey | ) www.cnbc.com time to read: +6 min

"Buying because the stock price has gone down without knowing some of the underlying issues or without understanding some of the underlying activities, could be problematic," says Clark Bellin, president and chief investment officer at Bellwether Wealth. After all, a stock could take major losses and then soar to new heights à la Apple. But what about that same markdown in the price of that company's stock? You'll just have to figure some things out before you buy, says Sam Stovall, chief investment strategist at CFRA. Rather than scrambling to do research, he says, keep a watchlist of stocks you'd be interested in buying at the right price.

Persons: Clark Bellin, Sam Stovall, Bellin, Charles Rotblut, Stovall, It's, Raife Giovinazzo, Giovinazzo Organizations: Blockbuster, Nike, American Association of, Fuller, Thaler Asset Management, Nasdaq, Yahoo Finance, CNBC

☆ IMF says emerging market capital inflows recover to 2018 levels
▼ + stars: | 2024-07-12 | by ( David Lawder | ) www.reuters.com time to read: +3 min

The IMF said in the report that emerging markets have seen a decline in the more volatile net portfolio inflows, but net inflows of foreign direct investment (FDI) has been more stable. At the same time, the report said that China saw net capital outflows over the 2022-2023 period, including net negative FDI inflows. Overall, global gross capital inflows declined to 4.4% of global GDP, or $4.2 trillion, in the 2022-2023 period, from 5.8 percent of global GDP, or $4.5 trillion, in 2017-2019. But the U.S. benefited strongly from the shifts, accounting for 41% of global gross inflows during the 2022-2023 period, nearly double its 23% share in 2017-2019. The U.S. share of global gross outflows also increased, to 21% from 14% during the same periods.

Persons: Christine Lagarde, Nicolas Dujovne, Yuri Gripas, David Lawder, Franklin Paul, Alistair Bell Organizations: Monetary Fund, Argentine, REUTERS, China, IMF, Thomson Locations: Washington , U.S, WASHINGTON, China, U.S

☆ Wall Street is bullish on stocks for the 2nd half of the year. Here are each firm's exact forecasts.
▼ + stars: | 2024-07-12 | by ( Matthew Fox | ) www.businessinsider.com time to read: +7 min

The most bullish S&P 500 price target is 6,000 from Evercore ISI, which represents a gain of about 7%. While the average year-end S&P 500 price target is 5,429, according to data from Bloomberg, the median year-end price target is 5,600. Yardeni Research: S&P 500 price target of 5,800Yardeni Research raised its year-end S&P 500 price target to 5,800 from 5,400 this week. Goldman Sachs: S&P 500 price target of 5,600Goldman Sachs strategist David Kostin boosted his S&P 500 price target to 5,600 from 5,200 last month. UBS: S&P 500 price target of 5,600UBS raised its S&P 500 price target to 5,600 from 5,400 in May, and that's after the bank raised its price target in February.

Persons: —, Julian Emanuel, Emanuel, they're, Oppenheimer, John Stoltzfus, Stoltzfus, Eric Wallerstein, Wallerstein, Ned Davis, Ed Clissold, Goldman Sachs, David Kostin, Kostin, Jonathan Golub Organizations: Wall, ISI, Service, Bloomberg, CNBC, Security, Yardeni, Research, Federal Reserve, Ned Davis Research, UBS, Chicago, & $ Locations: bearish

☆ History says there's a 100% chance that US stocks will rise in the second half of the year — here are 15 stocks to target for maximum gains
▼ + stars: | 2024-07-12 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Sure enough, the S&P 500 rallied another 7.2%, ending 2023 up 24.2%. BMO Capital MarketsInvestors would love a similar outcome after a 14.5% first-half gain, which ranks in the 82nd percentile historically, according to BMO. History is on stocks' side in the second halfIn the last seven-and-a-half decades, the S&P 500 has risen 10% to 15% a dozen other times. Chances are, the relatively tame 5.5% slide the S&P 500 experienced in March and April won't be the biggest pullback of the year. Advertisement"Extended valuation remains a hot topic, but a closer inspection reveals that levels may not be as severe as are being advertised," Belski wrote.

Persons: —, Goldman Sachs, Brian Belski, Belski, Stocks, Oppenheimer Organizations: Service, BMO Capital Markets, Business, BMO Capital, BMO, UBS, Markets, Tech, Trade Locations: The Montreal, New York, US

☆ Cramer sees new weight loss drugs as a problem for soft drink and snack giant PepsiCo
▼ + stars: | 2024-07-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

PepsiCo : The soft drinks and snacks giant reported a mixed quarterly Thursday with a sales miss and an earnings beat. Jim Cramer said Thursday that PepsiCo is in a tough position due to consumers using GLP-1 weight loss drugs to curb appetite. Delta Air Lines : The carrier reported record revenue during its second quarter but a slump in profits, which dragged the stock down more than 5%. Alongside a solid print, the company said it expects record revenue growth for the third quarter on booming summer travel demand. This was a "very surprising" development from the company, Cramer said, given the main use case for aluminum is aerospace, an industry that has been experiencing slower manufacturing of planes as of late.

Persons: Jim Cramer's, Jim Cramer, Cramer, Slim Jim, BoomChickaPop Organizations: CNBC, Club, PepsiCo, Delta Air Lines, Darden, Jefferies, Olive Garden, Alcoa

☆ Stocks making the biggest moves premarket: Delta Air Lines, Costco Wholesale, Pfizer and more
▼ + stars: | 2024-07-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Delta Air Lines — Shares tumbled 9% after the airline issued a lower-than-expected sales growth forecast in the current quarter. Net income also fell 30% in the second quarter despite revenue reaching record highs. Costco Wholesale — Costco shares added nearly 3% after the wholesale club raised its membership fee for the first time since 2017 . Alcoa — The aluminum producer's shares rose 2.7% after releasing preliminary second-quarter results that came in stronger than expectations. MicroStrategy – MicroStrategy shares rose more than 4% after the bitcoin development company announced a 10-for-1 stock split .

Persons: Morgan Stanley, Jefferies, MicroStrategy, —, Jesse Pound, Tanaya Macheel, Michelle Fox, Alex Harring, Hakyung Kim, Sarah Min Organizations: Delta Air Lines, Costco Wholesale, Costco, Pfizer, PepsiCo —, Pepsi, Semiconductor, Darden, Jefferies, Alcoa, FactSet, FactSet . Revenue, Spotify Locations: U.S, Canada, FactSet .

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Amazon, Spotify, AMD, Uber, McDonald's, Broadcom & more
▼ + stars: | 2024-07-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Morgan Stanley reiterates Eli Lilly as overweight Morgan Stanley raised its price target on the stock to $1,083 per share from $1,023. "We are initiating RBBN with a Buy rating and $5 price target because the investment thesis has significantly improved." Rosenblatt reiterates Broadcom as buy Rosenblatt raised its price target on the stock to a Street high $2,400. Morgan Stanley downgrades Microchip to equal weight from overweight Morgan Stanley said the semis company has a "lofty" valuation. Morgan Stanley upgrades Telefonica Brasil to overweight from equal weight Morgan Stanley said it's bullish on shares of the LatAm telecom company.

Persons: Morgan Stanley, Eli Lilly, Rosenblatt, Goldman Sachs, Goldman, Mizuho, Truist, Wells, Guggenheim, it's, Jefferies downgrades Darden, Jefferies, Roblox, VIV, OW, Uber, McDonald's Organizations: Broadcom, AVGO, " Bank of America, Apple, Bank of America, JPMorgan, Nvidia, Digital Realty, Mizuho, Services, AMD, Silo AI, KBW, Guggenheim, Costco, Jefferies, Spotify, Telefonica Brasil, Energy, Uber, CART Locations: NYC, Europe, underperform, Olive, China

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