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Investors should buy American Airlines as the air carrier's valuation is too good to pass up, according to JPMorgan. Analyst Jamie Baker upgraded the airline's shares to overweight from neutral. Baker said this reflects a long-term shift in which "the Big 3" airlines — American, Delta and United — have seized the high ground from the "discounters." Nonetheless, JPMorgan stated that the "Big 3" airlines have outperformed its index of Discounter carriers due to their international exposure. Baker said that 2022's domestic travel renaissance has now reversed, driving down year-over-year domestic revenue growth to the low single digits.

UBS says it sees "the sun shining bright from the bottom of the pool" on Pentair . The analyst thinks that the pool business is nearing a trough in demand in the third quarter. "Nearer-term, we see the guided ~20% pool volume decline this year as sufficient to de-risk the business, which should start shifting investor focus to the 2024 demand recovery. PNR should see healthy margin uplift from operating initiatives paired with volume growth post-'23," Karas said. PNR YTD mountain Pentair PLC stock —CNBC's Michael Bloom contributed to this report.

JPMorgan is bullish on aluminum producer Alcoa shares as the commodity's outlook becomes more positive. The outlook also looks promising for its proprietary, zero-carbon Elysis smelting technology, which eliminates all scope 1 emissions associated with aluminum smelting, instead emitting pure oxygen as a byproduct," said Peterson. Alcoa shares jumped 2.1% Monday during premarket trading. However, the aluminum producer's shares have declined 20.5% in 2023, and more than 40% over the past 12 months. AA YTD mountain Alcoa shares —CNBC's Michael Bloom contributed to this report.

Berkshire Hathaway Chairman and CEO Warren Buffett gave Apple glowing reviews during Berkshire Hathaway's annual shareholders meeting Saturday. To be sure, Buffett clarified Berkshire doesn't have 35% of its holdings in Apple — as a questioner incorrectly believed. Bank of America Bank of America is Berkshire's sole bank holding, and Buffett said he plans to stick with it. "I think Microsoft has been remarkably willing to cooperate with governing bodies. But if it doesn't go through, I don't think it's through any shortcoming by Microsoft or Activision.

Director of National Intelligence (DNI) Avril Haines testifies during a Senate Armed Services Committee hearing on "Worldwide Threats" at the U.S. Capitol in Washington May 10, 2022. In January, Treasury Secretary Janet Yellen notified Congress that the U.S. government started to use extraordinary measures to fend off default. Since 1960, Congress has raised the debt ceiling 78 separate times under both Republican and Democratic presidents. Read more: What is the debt ceiling? Such brinksmanship weakens our national security," the former Pentagon chiefs wrote in a letter.

This week marked halfway point of the earnings season, with 50% of S & P 500 companies having now posted their quarterly results. The S & P 500 is up about 0.7% week to date through Friday afternoon trading. Here are of the stocks that saw the largest gains this week, and where analysts see them going forward. Almost 70% of analysts covering Hasbro are bullish on shares, according to FactSet dating. Meta shares rose 11.5% this week after the company reported its first sales increase in four quarters, as well as higher-than-expected quarterly earnings.

As earnings season continues, Wall Street analysts are raising their outlook for certain names set to report earnings next week. Against this backdrop, CNBC Pro used FactSet data to screen for companies reporting next week that analysts have been getting more bullish on. Overall, analyst earnings estimates for Incyte are up 48% over the past three months and nearly 13% over the past six months. On average, analysts have hiked their earnings per share estimates on the company by 46% over the past six months and 27% in the past three months. The cloud software company's earnings estimates have gone up 32% over the past six months.

WASHINGTON — The Biden administration on Thursday announced a first round of sanctions targeting Russia and Iran for engaging in hostage-taking and the wrongful detention of U.S. citizens abroad. The State Department has formally moved to declare Gershkovich's detention a wrongful one, which opens up additional resources to secure his release. The administration has identified at least two American citizens who are wrongfully detained in Russia and three in Iran, along with one legal permanent U.S. resident. One administration official said relevant families were briefed on the new sanctions ahead of Thursday's announcement. Since Russia's full-scale invasion of Ukraine last February, Washington and its allies have imposed rounds of coordinated sanctions vaulting Russia past Iran and North Korea as the world's most-sanctioned country.

The conglomerate reported adjusted first-quarter earnings of $2.07 per share on revenues of $8.86 billion. Southwest Airlines — The airline company's shares slipped 3.4% following a wider-than-expected loss for the first quarter. The pharmaceutical company posted adjusted earnings per share of $2.46, while analysts had estimated $2.51, according to StreetAccount. United Rentals — Shares fell 5.7% after the company's first-quarter earnings came in below expectations. CBRE — Shares of the real estate group soared 8.8% after CBRE's first-quarter earnings announcement buoyed investor sentiment.

Dropbox CEO Drew Houston speaks onstage during the Dropbox Work In Progress Conference at Pier 48 on September 25, 2019 in San FranciscoDropbox on Thursday announced plans to cut 500 employees, or about 16% of its workforce, according to a blog post on the company's website. Dropbox CEO Drew Houston said in the blog post that the company has been reckoning with slowing growth, in part due to a maturation of its business, but also as a result of economic headwinds that are pressuring its customers. This story is developing. Please check back for updates.

Amazon is scheduled to report first-quarter earnings after market close Thursday. Last quarter, Amazon Web Services missed estimates, growing 20% in the period, down from 27.5% in the third quarter. They said AWS growth is likely to come in at 13% in the first quarter. Amazon is also contending with decelerating growth in its core retail segment. Even amid the cost cuts, Jassy said Amazon is investing in areas like grocery, health care, its Kuiper internet satellite service and generative artificial intelligence.

Amazon Web Services CEO Adam Selipsky and human resources head Beth Galetti sent notes to staffers informing them of the job cuts. I wanted to let you know that conversations with impacted AWS employees started today, with notification messages sent to all impacted employees in the U.S., Canada, and Costa Rica. In other regions, we are following local processes, which may include time for consultation with employee representative bodies and possibly result in longer timelines to communicate with impacted employees. To those to whom we are saying goodbye today, thank you for everything you have done for this business and our customers. In other regions, we are following local processes, which may include time for consultation with employee representative bodies and possibly result in longer timelines to communicate with impacted employees.

UNITED NATIONS – The basic food security of tens of millions across the globe is hanging by a thread as Russia mulls whether it will preserve a deal that has permitted Ukrainian grain to move through the Black Sea. Russian Foreign Minister Sergey Lavrov on Tuesday renewed threats of abandoning the Black Sea Grain Initiative, an agreement that allows the safe wartime export of agricultural products from besieged Ukrainian ports. Lavrov also said that the deal is currently one-sided since Russian fertilizers have not been able to transit the same way Ukrainian grain has. "It was not called the grain deal it was called the Black Sea Initiative and in the text itself the agreement stated that this applies to the expansion of opportunities to export grain and fertilizer," Lavrov told reporters during a press conference. Lavrov said there are dozens of Russian cargo vessels carrying some 200,000 tons of fertilizer stuck at European ports.

Meta posted $28.65 billion in revenue, topping analysts' $27.66 billion estimate, according to Refinitiv data. Revenue topped estimates, coming in at $741 million versus analysts' estimate of $708.5 million. Ebay said it sees second-quarter per share earnings between 96 cents to $1.01, while analysts had estimated 99 cents per share. Ebay's estimated current-quarter revenue of $2.47 billion to $2.54 billion topped analysts' consensus projection of $2.43 billion. Pioneer Natural Resources — The oil and gas company fell 2.2% after first-quarter earnings topped estimates while revenue missed.

Amazon will no longer sell its Halo health and fitness tracker, the company announced Wednesday. Amazon will stop supporting Halo devices and the Halo app on July 31. "At Amazon, we think big, experiment, and invest in new ideas like Amazon Halo in our efforts to delight customers," the company said. "While we are proud of what we built, we recently made the difficult decision to stop supporting Amazon Halo effective July 31, 2023." The company said it will refund any purchases made in the last year of Halo View, Halo Band, Halo Rise and Halo accessory bands.

Bank of America says General Motors remains a leader in the auto industry, despite many investors remaining pessimistic on the stock. Meanwhile, Bank of America has a buy rating on the auto giant. General Motors recently unveiled the last new gas-powered Buick car , as the brand prepares to move to an all-electric domestic lineup by 2030. The company is bullish that lower-carbon electric vehicles are the future for the auto industry. GM 1Y mountain General Motors stock —CNBC's Michael Bloom contributed to this report.

It uses S & P 500 stock index options prices to measure the market's expectations of near-term volatility. And essentially, what that means is that the S & P 500 should eventually break out. .VIX YTD mountain CBOE Volatility Index (VIX) has reached multi-year lows in April 2023 The chart analyst noted, however, that she expects some weakness in near term before the breakout occurs. And it just turned down for the S & P 500 — it was already pointing lower for the NASDAQ 100," Stockton said. Stock Chart Icon Stock chart icon CBOE Volatility Index (VIX) has reached multi-year lows in April 2023The chart analyst noted, however, that she expects some weakness in near term before the breakout occurs.

Reviews from these members often appear as an "Amazon Vine Review" or a "Vine Voice." Amazon said it prohibits review abuse, including offering incentives like gift cards to write positive reviews. The rise of ChatGPT and other AI chatbots could make it easier for bad actors to generate fraudulent reviews. Third-party sellers on Amazon are already using the tool to help write product listings and catchy titles, as well as marketing copy. WATCH: Many of the reviews on Amazon are fake, here's how to spot them

With Apple' s quarterly earnings announcement fast approaching, Morgan Stanley says there's a smart way to trade the tech giant's shares. If Apple beats estimates for the prior quarter but guides flat to down for the June quarter, shares typically remain flat. Woodring expects "largely in-line" results for the prior quarter when Apple announces its earnings on May 4. Morgan Stanley remains overweight on Apple shares and has a $180 price target, which implies shares gaining almost 9% from where they closed Monday. An easing foreign exchange environment and an uptick in iPhone shipments and revenue growth for the 2024 fiscal year are further reasons to remain upbeat on shares, Woodring said.

There's an old Wall Street adage that urges investors to "sell in May and go away" — but CFRA Research says there's an even smarter way to play the market this spring. According to the Stock Trader's Almanac , the worst six months of the year for the S & P 500 starts in May and runs through October. The strategist says traders can look toward defensive names during the May slump, instead of entirely exiting the market. Indeed, since 1990, while the entire S & P 500 gained 6.7% annually, average price gains from equal exposure to these four sectors returned 9.0%. The stock almanac's editor, Jeff Hirsch, said that reducing long exposure and adopting a defensive stance will pay off for investors during the low period.

"It really seems like companies have become addicted to junk fees." Junk fees are making companies billions of dollars richer and the practice spans industries, including banking, telecom, entertainment and hospitality. CNBC sorted some of the biggest junk fee offenders into three separate buckets. "Junk hotel fees and these ancillary fees are bringing in about $3 billion a year for the hotel industry," Wolfe told CNBC, citing a Consumer Reports estimate. Watch the video above to learn more about where junk fees hide, how agencies are proposing changes, where policy falls short and whether increased regulatory oversight may be enough to squash junk fees once and for all.

The insurance company posted 84 cents in adjusted earnings per share and $1.11 billion in revenue. However, the company's $592.2 million quarterly revenue fell below the $593.9 million anticipated by Wall Street. Although the company's quarterly adjusted earnings and revenue topped analysts' expectations, investors may have been disappointed in its muted full-year outlook. Danaher's GAAP operating profit of $1.79 billion fell below analysts' estimates of $2.12 billion, according to FactSet. General Motors — Shares fell 3.3% after the automaker lowered its guidance for net income attributable to stockholders in 2023.

Amazon delivery drivers at one of the company's California facilities joined the International Brotherhood of Teamsters, the union said Monday, in a win for labor organizers that have long sought to gain a foothold at the e-retailer. "We want fair pay and safe jobs, to be able to provide food for our families," said Rajpal Singh, an Amazon delivery driver at the Palmdale facility, in a statement. Randy Korgan, director of the Teamsters' Amazon division, said the union is "coordinating nationwide" with Amazon workers. So far, only one Amazon warehouse in the U.S. has voted to join a union. WATCH: Amazon drivers describe pressures and pitfalls of delivering for a DSP

Russian Foreign Minister Sergey Lavrov holds a press conference during the 77th session of the United Nations General Assembly (UNGA) at U.N. headquarters on September 24, 2022 in New York City. Stephanie Keith | Getty ImagesUNITED NATIONS — When Russian Foreign Minister Sergey Lavrov takes the helm of the United Nations Security Council on Monday it will be against a backdrop of mounting allegations of Russian war crimes reported across Ukraine. Since then, the war has claimed the lives of more than 8,500 civilians, led to nearly 14,000 injuries and displaced more than 8 million people, according to United Nations' own estimates. Lvova-Belova told the Security Council on April 5 that the transfer of Ukrainian children to Russia was part of a humanitarian campaign. In some cases, the commission found that Ukrainian forces committed war crimes against Russian troops, though those incidents were less frequent.

Lavrov, who flew from Moscow to New York to preside over the Security Council, defended his country's "special military operation" in Ukraine in opening remarks before the international forum. Lavrov then blamed the United States for exacerbating geopolitical challenges around the world, including tensions between China and Taiwan. "Today it's Ukraine, but tomorrow it could be another country, another small nation that is invaded by its larger neighbor," she added. In direct remarks to Lavrov, Thomas-Greenfield reiterated calls for the immediate release of Wall Street Journal reporter Evan Gershkovich and former U.S. Marine Paul Whelan, whose sister attended the meeting. "I want minister Lavrov to look into her eyes and see her suffering.

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