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☆ Big oil is racing to scale up carbon capture to slash emissions but the challenges are immense
▼ + stars: | 2024-04-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +14 min

Some climate activists accuse the industry of simply investing in carbon capture as way to extend the use of oil and gas. The technology typically uses chemical absorption to capture carbon dioxide emitted from the chimney of an industrial plant. "The economic viability of carbon capture and sequestration is a challenge today because the cost of building most plants in order to capture carbon dioxide are very significant," the executive said. About two-thirds of the industry's carbon dioxide emissions come from chemical reactions that occur when breaking down limestone. SLB this month announced a nearly $400 million investment in Aker Carbon Capture, a pure-play carbon capture company based in Norway, in an effort to accelerate deployment of the technology at commercial scale.

Persons: Chin Lee, Biden, SLB, Fred Majkut, Majkut, Adam Miklos, Miklos, Baker Hughes, Olivier Le Peuch, Alessandro Bresciani, Jeff Gustavson, Gustavson, steelmaker Nucor, Linde, Dan Ammann, Ammann, Fatih Birol, We're, SLB's Majkut Organizations: Chevron, Houston Chronicle, Hearst Newspapers, Department of Energy, RTI International, International Energy Agency, Exxon, Rystad Energy, Clean Investment Monitor, United Nations ., Gulf Coast, CF Industries, Talos Energy, Carbonvert, IEA Locations: Winnie, Mississippi, Vicksburg, Schlumberger, United States, Paris, Chevron, United Kingdom, U.S, Aker, Norway, Houston, Port Arthur , Texas, Gulf, Louisiana, Beaumont , Texas, Mississippi , Louisiana, Texas, Bayou, Port Arthur

☆ UBS CEO says integrating Credit Suisse will become a 'case study' for future big bank mergers
▼ + stars: | 2024-04-05 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The mammoth integration of failed bank Credit Suisse into its former rival UBS will act as a "case study," UBS CEO Sergio Ermotti said Friday, one that will show that big bank mergers should be allowed. "Of course, we can't just rely on a crisis to create or facilitate the merger of banks," Ermotti said. "It's good to have strong players that can be part of the solution, like UBS was in the Credit Suisse case. UBS in June completed its takeover of the 167-year-old bank in a deal controversially brokered by Swiss authorities. The Swiss National Bank has said the size of the new entity flags potential competition issues that will need to be monitored.

Persons: Sergio Ermotti, Ermotti, CNBC's Steve Sedgwick, it's Organizations: Suisse, UBS, Credit, Credit Suisse, Swiss, Swiss National Bank Locations: Europe, Italy, underperformance

☆ Here are Friday's biggest analyst calls: Apple, Tesla, Netflix, Marvell, Ollie's, Snowflake, Eli Lilly, Krispy Kreme & more
▼ + stars: | 2024-04-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

"We are raising our YE'24 NFLX target price $65 to a street-high $765 driven primarily by a combo of higher '24 and beyond subscriber/ARPU forecasts." "We are upgrading Ollie's Bargain Outlet to a Buy from a Hold rating while raising our price target to $90 from $80, implying 26% upside from current levels." We cut our price target from $2 to $1, still giving ATUS the highest multiple in Cable as optionality. "We are raising our already Street High $330 YE'24 target price $60 to $390 driven primarily by higher premium and to a lesser extent ad supported ARPU forecasts." Jefferies adds Pepsi to the franchise picks list Jefferies said it sees opportunity internationally for Pepsi and raised its price target to $209 per share from $199.

Persons: Marvell, it's, Bernstein, Mizuho, Wells, Piper Sandler, Krispy, JPMorgan, Eli Lilly, LLY, Stifel, Rosenblatt, Snowflake, Jefferies, underperform KBW, Daiwa, Tesla, KBW, Monness Crespi Hardt Organizations: Netflix, Bank of America, Apple, Amazon Web Services, RBC, Eaton, Piper, JPMorgan, Technologies, Cable, Spotify, BMO, Royal Bank, Pepsi, Fox, Fox News, Digital, Citi, Express, American Express Locations: NY, McDonald's, USA, Toronto, Snowflake, U.S

☆ The rally in gold could be still in the early stages, according to the charts
▼ + stars: | 2024-04-04 | by ( David Keller | ) www.cnbc.com time to read: +4 min

Our review of the charts of precious metals tells us that the recent rally in gold prices could be just the early stages of a broad advance in the second quarter and beyond. Interestingly enough, gold stocks have actually been underperforming gold for most of the last 12 months. But over the last six weeks, gold miners have shown renewed strength, outperforming spot gold. This may be just the beginning of a "catch up" trade where gold miners close the performance gap with gold. Gold stocks have been lagging behind spot gold, but that trend of underperformance has begun to change in the last six weeks.

Persons: Alan Shaw, David Keller Organizations: Gold Miners, CMT Locations: retest

☆ Twilio board shakeup prompts renewed activist scrutiny
▼ + stars: | 2024-04-04 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +4 min

On Monday, Twilio announced a settlement with Sachem Head, an activist investor whose involvement in the company had been previously unreported. The agreement resulted in Twilio, which sells communications software, giving a board seat to Andy Stafman, a partner at Sachem Head. Two days later, Twilio said Byron Deeter, a prominent venture capitalist and early investor in the company, would be leaving the board. On March 11, less than a week after Twilio concluded the review, Sachem Head told the company it planned to nominate board candidates. "This issue remains relevant despite Mr. Deeter's departure given the continued directorship of another Bessemer partner," Gupta said.

Persons: Twilio, Jeff Lawson, Anson, that's, Andy Stafman, Byron Deeter, Sagar Gupta, Gupta, Lawson's, Legion, FactSet, Lawson, Sachem, Stafman, Deeter, Bessemer, Jeff Epstein Organizations: Anson Funds, Sachem, Board, Nasdaq, Legion Partners, CNBC, Bessemer Locations: Twilio, Europe, Anson, Bessemer

Trian claims Disney's board has failed to generate sufficient returns in recent years as subscription streaming losses have mounted and traditional TV subscribers have declined. Early vote countBoth Disney and Trian received support from influential shareholders ahead of Wednesday's meeting. Roughly one-third of Disney's shareholders are retail shareholders, who historically vote in small numbers in annual meetings. The arrangement still raised questions about ValueAct's support for the company and whether Disney's board should have disclosed the prior relationship. WATCH: Disney board battle reaches final moments

Persons: Bob Iger, Mickey Mouse, Valerie Macon, Nelson Peltz, Jay Rasulo, They've, Maria Elena Lagomasino, Michael Froman, Peltz, Ike Perlmutter, Trian, Disney's, Iger, Bob Chapek, Patrick T, Adam Jeffery, Morgan Stanley, James Gorman, CNBC's, George Lucas, Laurene Powell Jobs, Lucas, Powell Jobs, Ken Squire, Rowe Price, Rowe, Mason Morfit's, ValueAct, Neuberger Berman, John Ferguson, Rasulo —, Glass Lewis, Iger's, Gorman, Jeremy Darroch, CNBC's Andrew Ross Sorkin, Heidi Gutman, Lagomasino, shouldn't, Blackwells, Rasulo, Jason Aintabi, John Foley, Jessica Schnell, Craig Hatkoff, Leah Solivan, ValueAct hasn't Organizations: AFP, Getty Images Disney, Voters, Trian Partners, Disney, PepsiCo, Marvel, SEC, Fallon, Bloomberg, Getty, CNBC Disney, CNBC, Star Wars, LucasArts, Pixar, BlackRock, Institutional, California Public Employees, Yacktman Asset Management, Saratoga Proxy, ISS, Sky, Trian Fund Management, NBCU, Bank, NBCUniversal, Green, Comcast Locations: Los Angeles, New York

☆ Tuesday's market sell-off is what happens when stocks are 'priced for perfection,' says investor James Abate
▼ + stars: | 2024-04-02 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Some of the key drivers that drove stocks to record highs in the first three months of the year are being undermined, leading to Tuesday's sell-off, according to investor James Abate. "Stocks are priced for perfection and for them to move higher or avoid a correction you needed rates to either go down and/or profits to move higher. Outside of macro and micro data, the stock market's woes have been exacerbated by rising geopolitical tensions, Abate added. The underperformance in the Russell 2000 small-cap index means that this market selloff isn't solely contained to high-flying tech stocks. Abate manages the Centre American Select Equity Fund, which has returned 8.9% year to date compared to its category average of 9.7%, according to Morningstar .

Persons: James Abate, Abate, Tesla, Russell, Wall Street's, Morningstar Organizations: Dow Jones, Nasdaq, Centre Asset Management, CNBC, Federal Reserve, Dow, American, Equity Fund, Apple, Microsoft, Nvidia Locations: Syria

☆ A lower-risk and cheaper way to bet on a second-quarter comeback in this emerging markets ETF
▼ + stars: | 2024-04-01 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

The MSCI All Country World Index ETF (ACWI) hit an all-time high last week. ACWI 5Y mountain iShares MSCI ACWI ETF (ACWI) This index would appear to give investors diversified exposure to stock markets around the globe. It includes developing countries, unlike the MSCI World Index, which is tracked by the ETF 'URTH.' Consequently, the US stock market comprises almost 71% of the URTH ETF and nearly 64% of the ACWI ETF. This is illustrated by the MSCI Emerging Markets Index which can be traded with the iShares ETF, 'EEM.'

Persons: —, ACWI, Rob Reiner, Miracle Max, Billy Crystal, EEM Organizations: Trust Locations: URTH, U.S

☆ We're trimming our largest position after a big run and a tech giant that has tested our patience
▼ + stars: | 2024-04-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Shortly after the opening bell, we will be selling 265 shares of Disney at roughly $122.60. Given the more-than-50% run Disney shares have had from their October 2023 lows, we think it is prudent to trim and move our rating down to a 2, meaning wait for a pullback before buying more. We're also paring back our position in Google parent Alphabet now that the stock has recovered from its fourth-quarter earnings pullback . 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: Jim Cramer's, Bob Iger's, It's, Nelson, —, Jim Cramer, We're, Jim, Claude, Alphabet's, Bloomberg — Organizations: Disney, Dow Jones, DIS, Apple, Bloomberg, CNBC, New York Stock Exchange, View Press, Getty Locations: New York

☆ It's not just inner-ring suburbs. Trump has also underperformed in key exurban counties during the GOP primaries.
▼ + stars: | 2024-03-31 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

And this year, Trump underperformed in many inner-ring suburban counties compared to his statewide vote totals. Related storiesIn the 2016 general election, Trump won Emmet County — in the northern reaches of the Lower Peninsula — by 19 points. AdvertisementIn the 2024 Michigan GOP primary, Trump won Emmet by 34 points, but the figure was below his nearly 42-point statewide victory. A similar scenario unfolded in the North Carolina primary, where Trump won statewide by nearly 51 points. Robert Schwartz, the senior advisor for Haley Voters for Biden, a one-time pro-Haley super PAC, is one of those backers.

Persons: —, Donald Trump, Trump, they'll, Parker Fairbairn, Emmet, Nikki Haley — Trump's, Charlotte exurbs, Haley, Joe Biden, Biden, reelect Biden, Robert Schwartz, Nikki Haley, MAGA Organizations: Service, Democratic, Business, Politico, Republican, Republican Party, GOP, Trump, Republicans, Emmet, Michigan GOP, Haley Voters, Biden, Haley, PAC Locations: United States, Orange County , California, Cobb County , Georgia, Emmet County , Michigan, Michigan, Emmet, North Carolina, Cabarrus, Union

☆ Investors say underperforming Alphabet is a buying opportunity as it rights its AI missteps
▼ + stars: | 2024-03-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Alphabet needs to correct its artificial intelligence flubs and prove its monetization potential if it hopes to renew investors confidence. GOOGL YTD mountain Alphabet shares this year "There's uncertainty around the moat," said Jamie Meyers, an analyst at Laffer Tengler Investments. "It's an opportunity that is meaningfully underestimated by investors given everything that's happened," said Deepwater Asset Management's Gene Munster. Using the pullback as an opportunity Many investors, however, are finding the positive in Alphabet's recent troubles for their portfolios, and using the recent stock performance as a buying opportunity. Laffer Tengler's Meyers also noted that Alphabet's advantage in personal data, strong user base and dominant market position could give them and edge in AI once they correct their mistakes.

Persons: giant's, Jamie Meyers, It's, They're, Alphabet's, Gene Munster, OpenAI, Dan Hanson, Neuberger Berman, They've, Michael Sansoterra, they're, Hanna Howard, Brad Gerstner, CNBC's, Laffer Tengler's Meyers, Deepwater's Munster Organizations: Microsoft, Meta, Nvidia, Investments, Google, Investors, Silvant Locations: Munster

☆ Investor Tribeca presents Glencore with ideas to raise shareholder value – How it may unfold
▼ + stars: | 2024-03-30 | by ( Kenneth Squire | ) www.cnbc.com time to read: +10 min

Tribeca has been a shareholder of Glencore for seven years and has been engaging with management for a year. The company has excellent core asset quality in copper, zinc and coal, as well as a world-leading commodity trading business. Notably, Bluebell Capital Partners agitated for a demerger of Glencore's thermal coal business in 2021. However, in 2023, after acquiring a 77% interest in Teck's steelmaking coal business, Glencore stated its intention to demerge its combined coal and carbon steel businesses. The same can be said for the divestment of the trading business.

Persons: Glencore, David Aylward, Gary Nagle, astutely, Berkshire Hathaway, Ivan Glasenberg, Ken Squire Organizations: Glencore, Tribeca Investment Partners, Tribeca, Financial Times, Australian Securities Exchange, London Stock Exchange, BHP, Rio Tinto, Bluebell Capital Partners, LSE, Rio, NYSE, 13D Locations: Switzerland, Australia, Africa, South America, Sydney, Melbourne, Singapore, London, Tribeca, Glencore, Swiss, Rio, Europe, cyclicality, Berkshire

☆ Here are Thursday's biggest analyst calls: Nvidia, Meta, Tesla, Apple, CyberArk, Grindr, Estee Lauder & more
▼ + stars: | 2024-03-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Wells Fargo reiterates Bank of America as overweight Wells Fargo raised its price target on Bank of America to $44 per share from $40. HSBC downgrades Bank of America to hold from buy HSBC downgraded Bank of America mainly on valuation. Benchmark reiterates Nvidia as buy Benchmark said it's standing by its buy rating on Nvidia. Bank of America reiterates Amazon as buy Bank of America said it's bullish on Amazon's investments in AI. "We are initiating coverage on CYBR with a Buy rating and a $317 PT."

Persons: Wells Fargo, Bernstein, it's, Goldman Sachs, Tesla, Goldman, Piper Sandler, Piper, Clark, Kimberly, Claude, Estee Lauder, BTIG, TD Cowen, Cowen, Grindr, William Blair, Bentley, Morgan Stanley, JPMorgan, KeyBanc, Oppenheimer, Monness Crespi Hardt downgrades Palantir, Palantir Organizations: Bank of America, FDIC, Apple, HSBC downgrades Bank of America, HSBC, of America, PNC, Tesla, EV, Kimberly, Nvidia, Amazon, Bentley Systems, Allstate, JPMorgan, Major Pharma, Citi, Boeing, Barclays, Meta, SNAP Locations: mkts, DraftKings

☆ Wall Street Journal staffers staged a work stoppage as tensions mount over disciplinary meetings: 'It feels like a big game of gaslighting'
▼ + stars: | 2024-03-28 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

The effort came at a nervous time for the Journal newsroom. It's still reeling from February, when the paper sharply cut its DC newsroom, its second-biggest bureau after New York. Tucker wrote at the time that the DC bureau changes were enacted to put the company in the position to serve readers better and stand out from the competition. The union has filed grievances over the DC bureau layoffs and is considering filing grievances over the meetings, Martell said. But the mood among some has turned as Tucker has enacted layoffs in a newsroom that's largely been spared staff cuts.

Persons: —, Emma Tucker's, It's, IAPE, Tucker, Dion Nissenbaum, Nissenbaum, Evan Gershkovich, who's, There's, Tim Martell, they've, they're, Martell, They're, Rupert Murdoch, We've Organizations: Service, Wall Street, News Corp, New, Business, Journal, DC, Street Journal, The Sunday Times, — News Corp Locations: New York, Beirut, London, Washington

☆ Apple's bad quarter and what history says will happen next
▼ + stars: | 2024-03-28 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Apple is wrapping up a rough quarter, but history and Wall Street analysis show there is reason to expect a bounce ahead. Apple shares have typically risen following a quarter that ends down at least 10%, according to CNBC Pro data. 'Best bought on weakness' Despite the tough period, Wall Street sees reason for optimism ahead. Apple "is a stock best bought on weakness in general as they probably have the best, or one of the best management teams in the world," Mahoney said. In the median quarter following the losing one, shares jumped more than 14%.

Persons: jitters, Ken Mahoney, Apple, Mahoney, Ben Reitzes, Reitzes, Nicolas Cote, Colisson, Fred Imbert Organizations: Nasdaq, Apple, CNBC Pro, U.S . Department of Justice, Research, Vision, Mahoney Asset, Justice Department, HSBC Locations: China, C1H24

Wells Fargo raised its price target on Bank of America, now calling for more than 15% upside. Evercore ISI hiked its price target on the consumer products company to $150 per share from $133. Power has a $90 price target on the cloud software stock, implying shares can rally 44.5% in the next year. Forbes' $425 price target implies the stock can climb 43.1% from Wednesday's ending price. Analyst Mike Mayo raised his price target for the bank stock by $4 to $44, implying a 16.4% upside over Wednesday's close.

Persons: Wells Fargo, Clark, Javier Escalante, Escalante, KMB, — Jesse Pound, Jefferies, Portillo's, Andy Barish, Barish, — Brian Evans, Jason Gursky, Wednesday's, shakeup, Gursky, Alex Harring, Baird, William Power, — Alex Harring, Steven Forbes, Forbes, RH, BofA, Cintas, Heather Balsky, Balsky, Robinhood, Alex Markgraff, Markgraff, TD Cowen, John Blackledge, Grindr, Blackledge, It's, it's, Estee Lauder, Bryan Spillane, Spillane, Estee, Tom Ford, Joseph Greff, Greff, FanDuel, Vikram Gandhi, Gandhi, Wells, Bank of America Wells, Mike Mayo, Mayo, Goliath Organizations: CNBC, Bank of America, HSBC, Allstate, Kimberly, Staples, ISI, Citi, Boeing, Alaska Airlines, Dow Jones, UC, Guggenheim, RH's, FactSet, Estee Lauder Bank of America, JPMorgan, Allstate Allstate Locations: Portillo's, Five9, Estee, New Jersey, Wednesday's

☆ Here are Wednesday's biggest analyst calls: Apple, Nvidia, Tesla, Spotify, Marvell, Netflix, Disney, DraftKings & more
▼ + stars: | 2024-03-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

"Royal Gold's valuation is now more compelling under our new commodity price assumptions and with modest relative underperformance of Royal Gold share price year to date." Citi reiterates Tesla as neutral Citi lowered its price target on the stock to $196 per share from $224 ahead of the company's delivery numbers in early April. We rate the shares Overweight." Citi reiterates Nvidia as buy Citi said it's sticking with its buy rating on shares of Nvidia. HSBC initiates Spotify as buy HSBC initiated the stock with a buy and said it's "hitting the right notes."

Persons: Morgan Stanley, Tesla, Evercore, Raymond James, GoDaddy, BIL, Baird, Tesla Baird, it's, Wells, Mizuho, Cabot, OEC, Needham, DraftKings, Davidson downgrades Lowe's, UBS downgrades Linde Organizations: Western Digital, KBW, BMO, Royal, Royal Gold, Netflix, JPMorgan, Apple, Deutsche Bank, Citi, Visa, Marvell Citi, UBS, Disney, GE, Nvidia, AMD, HSBC, Spotify, Barclays, JetBlue, LIN Locations: Wells Fargo, GDDY, China, 473.3k

☆ BMO says there's a buying opportunity in small caps, gives a list of the best ones to buy
▼ + stars: | 2024-03-27 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Since the start of the year, the S & P MidCap 400 index and S & P SmallCap 600 index have added 8.2% and 0.2%, respectively. The large-cap S & P 500, meanwhile, has gained roughly 9.5%. March has proved to be a better month for so-called SMID-cap stocks, however, with the S & P MidCap 400 gaining about 4%, while its large-cap counterpart has added 2.4%. To play this trend, he listed several stocks in BMO's SMID-cap universe that the firm rates as outperform. Other top stocks included in BMO's SMID-cap coverage include social media company Snap , discount retailer Ross Stores and electric power and natural gas supplier Constellation Energy .

Persons: Brian Belski, Belski, Piper Sandler, Thomas Champion, Morgan Stanley, Keith Bachman Organizations: BMO Capital Markets, BMO, BMO's, Software, BMO Capital, Ross Stores, Constellation Energy Locations: Tuesday's, Real

☆ Investor Brad Gerstner bought notable first-quarter underperformers Tesla and Alphabet on the dip
▼ + stars: | 2024-03-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Altimeter Capital's Brad Gerstner is betting on some of the first quarter's biggest technology underperformers, revealing fresh Alphabet and Tesla stakes during an interview with C NBC's "Halftime Report" on Wednesday. Both Alphabet and Tesla have lagged most of their "Magnificent 7" peers year to date as they grapple with a slew of company-specific headwinds. Despite the recent mishaps, Gerstner views Alphabet as a "super capable" company with "extraordinary resources," highlighting monetization potential within search among the reasons for diving back into shares. TSLA YTD mountain Tesla stock this year Despite some difficulties in China and the potential for Tesla to miss upcoming delivery numbers, Gerstner views much of the negativity as already priced in. "This is not for the faint of heart," he said, adding that investors need to willingly buy more shares on pullbacks.

Persons: Brad Gerstner, Tesla's, Tesla, that's, Sundar Pichai, Gerstner, Elon Musk Organizations: Nvidia, Meta, Elon Locations: China, pullbacks

Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Amazon's recent AI moves have been impressive, specifically its close relationship with fellow Club holding Nvidia and, most recently, its multibillion-dollar venture investment in startup Anthropic. Best Buy : We added the electronics and appliance retailer to the portfolio shortly after the Monthly Meeting concluded. 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: Jim Cramer's, Jim, Jim Cramer, Reckitt Benckiser, Abbott, We've, Here's, Salesforce, that's, Walt Disney, Nelson Peltz, Estee Lauder, he'd, Ford, We're, we'll, Vimal Kapur, Kapur, Linde, Eli Lilly, TikTok, Meta's Ray, Morgan Stanley, Reddit, Morgan, Ted Pick, he's, it's, Stanley Black, Decker, TJ Maxx, Wells, Wynn, Spencer Platt Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Department of Justice, Abbott Laboratories, Nvidia, Broadcom, Investors, Bausch Health, Pharmaceuticals, Costco Wholesale, Costco, GTC, Coterra, DuPont De Nemours, DuPont, stoke, Peltz, Disney, Eaton Corporation, Ford, General Motors, Wall, GE Healthcare Technologies, General Electric, Apple, Google, Bloomberg, . Honeywell, Honeywell, UBS, Meta, Microsoft, Palo Alto Networks, Palo Alto, Procter & Gamble, Starbucks, Constellation Brands, Stanley, TJX, Marshalls, Wynn Resorts, Jim Cramer's Charitable, Traders, New York Stock Exchange, Getty Locations: China, Costco, U.S, East, Mexican, Growth, HomeGoods, Wells Fargo, Macao

☆ Buy these 2 global stocks as inflation fades, HSBC says — giving one 85% upside
▼ + stars: | 2024-03-26 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As high inflation appears to be waning, a long-neglected set of stocks stands to benefit as consumers settle into a "new normal" of spending, according to HSBC. The investment bank's latest consumer survey suggests positive signs amid the economic uncertainty of the past two years. Inspired by the survey results, HSBC named two companies it sees benefiting from these emerging consumer trends: French video game giant Ubisoft and Swiss travel retailer Avolta . Ubisoft HSBC said its research pointed to resilient consumer spending on video games, which will benefit video game developer Ubisoft . The bank has a buy rating on the stock with a price target of 35 euros ($37.90), representing more than 85% upside from the current share price of around 18.84 euros.

Persons: Paul Rossington, Pankaj Agarwala, Michael Bloom Organizations: HSBC, Ubisoft, Avolta, Ubisoft HSBC, Mar, AAA, U.S Locations: Swiss, U.S

☆ Watch CNBC's full interview with new Disney board member James Gorman
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with new Disney board member James GormanJames Gorman, Morgan Stanley executive chairman and new Disney board member, joins 'Squawk on the Street' to discuss why Disney is trying to keep Trian from joining the board, the underperformance of Disney's stock against its competitors, and more.

Persons: James Gorman James Gorman, Morgan Stanley Organizations: Disney

☆ Morgan Stanley's Gorman on Disney proxy fight: Focus is now on what's right for the company
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley's Gorman on Disney proxy fight: Focus is now on what's right for the companyJames Gorman, Morgan Stanley executive chairman and new Disney board member, joins 'Squawk on the Street' to discuss why Disney's trying to keep Trian from joining the board, the underperformance of Disney's stock against its competitors, and the succession issue to figure out for Disney.

Persons: Morgan Stanley's Gorman, James Gorman, Morgan Stanley Organizations: Disney

☆ Ford falls, Amazon advances pharmacy pursuits and Disney board member speaks – our takes the news
▼ + stars: | 2024-03-26 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Meanwhile, Amazon 's pharmacy efforts added another wrinkle and Disney 's newest board member weighed in on the proxy fight underway at the entertainment giant. F YTD mountain F stock performance year-to-date. The divergence in stock performance was not great to see. AMZN YTD mountain AMZN stock performance year-to-date. To help offer the swift delivery, Amazon said it is leveraging artificial intelligence "to help pharmacists fill prescriptions quickly and accurately."

Persons: John Lawler, Ford, Jim Cramer, —, Doug Herrington, we're, Jim, Morgan Stanley, James Gorman, Gorman, Trian Partner's Nelson Peltz, Jay Rasulo, We've, Peltz, Wendy's, Heinz, Jim Cramer's, Jim Farley, Bill Pugliano Organizations: Ford Motor, Ford, Bank of America Securities Auto Summit, Motors, Amazon Pharmacy, Worldwide Amazon Stores, Nvidia, CNBC, Disney, FactSet, Procter, Gamble, Unilever, Ford Motor Company, Technology, Getty Locations: —, Monday's Homestretch, New York City, Los Angeles, Seattle , Miami, Indianapolis, Phoenix, Austin , Texas, China, Marshall , Michigan, Romulus , Michigan

Bernstein lowered its price target on Tesla, calling for 30% downside. Meanwhile, Mizuho raised its price target on Micron, citing a growing AI opportunity. The firm reiterated a buy rating on the computer storage and memory stock on Monday and raised its price target to $130 per share from $124. — Brian Evans 5:53 a.m.: Bernstein cuts Tesla price target Longtime Tesla bear Toni Sacconaghi lowered his price target on the EV maker to $120 from $150, citing growing demand constraints. TSLA YTD mountain TSLA ytd — Fred Imbert

Persons: Bernstein, Mizuho, Jason Getz, — Brian Evans, Toni Sacconaghi, Tesla, Sacconaghi, Fred Imbert Organizations: CNBC, Micron, Mizuho, Mizuho Securities Locations: China, Europe

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