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☆ Goldman Sachs says this AI software stock is one of the few names 'where demand is stable'
▼ + stars: | 2022-11-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

An under-the-radar software name has managed to stand out among its peers – all because of its focus on auto insurance – and it still has room to grow. The software company also said the next quarter is expected to bring another beat on EBITDA and on-target revenue. Big Tech names including names including Microsoft and Meta both saw shares fall after reporting as both issued weak future outlooks . She specifically noted that auto insurance and car accidents do not become less apparent or needed during an economic downswing. To be sure, Borges said the company's future performance could be affected by inflation within auto insurance companies, increased competition or impacts from litigation.

☆ JPMorgan downgrades toymaker Funko on disappointing earnings, uncertain future
▼ + stars: | 2022-11-04 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

There's uncertainty ahead for toymaker Funko , and investors should take note, according to JPMorgan. The firm downgraded shares of Funko to neutral from overweight and lowered its price target to $16 from $32. Funko reported earnings of 28 cents per share, while analysts expected 50 cents per share, according to StreetAccount. Funko shares traded 35% lower in the premarket. "We believe valuation will be handcuffed until there is more visibility on the earnings outlook (especially a small cap company)," said Alexander.

☆ Here are Friday's biggest analyst calls: Roblox, WeWork, Krispy Kreme, Boeing, Coinbase & more
▼ + stars: | 2022-11-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Roblox as buy Bank of America said it's standing by shares of the stock heading into earnings next week. JPMorgan downgrades Funko to neutral from overweight JPMorgan downgraded the pop culture toy company, noting it sees too much uncertainty. " Piper Sandler downgrades Atlassian to neutral from overweight Piper said it sees a slowdown in subscription billings for the software developer. " Bank of America reiterates Krispy Kreme as buy Bank of America said "brand health is strong but FX, UK, promos weigh," heading into Krispy Kreme earnings Nov. 15. Jefferies reiterates Topgolf Callaway Brands as buy Jefferies said it sees 200% upside in shares of the golf company. "

☆ U.S. oil refiners to keep running at breakneck speeds in fourth quarter
▼ + stars: | 2022-11-04 | by ( Erwin Seba | ) www.reuters.com time to read: +2 min

REUTERS/Bing GuanHOUSTON, Nov 4 (Reuters) - U.S. oil refiners this quarter will run their plants at breakneck rates, near or above 90% of capacity, as tight fuel supplies spur high profits and operating rates, according to company forecasts and analysts surveyed by Reuters. The refining industry has minted huge profits this year on buoyant demand for gasoline, diesel and jet fuel. PBF restarted units idled during the pandemic at its Paulsboro, N.J., plant to produce more diesel and jet fuel, with the company's refineries running at a record-high 980,000 barrels per day last quarter, Young said. Overall, refiners are forecasting production will remain close to third quarter levels, which averaged 92.75%, said Matthew Blair, refining analyst at researcher Tudor Pickering & Holt. Diesel stocks in particular “are well below typical levels and are running at some 20% below the seasonal average,” Paisie said.

☆ Is it now time to buy Uber shares? Two market players give their take
▼ + stars: | 2022-11-03 | by ( Zavier Ong | ) www.cnbc.com time to read: +5 min

With such a mixed picture, should investors buy the dip on Uber, or should they continue to stay on the sidelines? But for those who are looking for growth and future profit assets — which is a very tough thing to do in this market — there's Uber. While Uber's growth potential is undeniable, investors have long been skeptical about its ability to do so profitably. The company will generate about $4 billion in free cash flow in 2024 and $5 billion in 2025, he estimates. It's popping on free cash flow.

☆ Tenbagger stocks that Wall Street believes can keep the big returns going
▼ + stars: | 2022-11-03 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Wall Street expects these "tenbagger" stocks that enjoyed a meteoric rise over the past decade to continue their big gains. The term was first coined by legendary investor Peter Lynch, an avid baseball fan who compared a stock's growth prospects to two home runs and a double in the sport. With that in mind, CNBC Pro searched for tenbagger stocks from the past decade that analysts believe will continue to make outsized gains. What's more, they have a 2022 estimated earnings per share growth rate of more than 20%, and an estimated annual long-term EPS growth rate of more than 20%. Its 2022 earnings per share growth estimate is 66%, while its annual long-term share growth is forecasted to be 26%.

☆ Here are Wednesday's biggest analyst calls: Tesla, Netflix, Carvana, Exxon, Meta, Apple & more
▼ + stars: | 2022-11-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bernstein reiterates Tesla as underperform Bernstein said shares of Tesla remain extremely overvalued. Needham reiterates Netflix as hold Needham said the streaming giant could see "negative revenue growth near-term" due to its new ad-based product. Bank of America downgrades Twilio to underperform from buy Bank of America double downgraded the communications tools company due to rising competition. Bank of America reiterates Peloton as buy Bank of America said it's standing by shares of Peloton heading into earnings on Thursday. Bank of America reiterates Carvana as buy Bank of America said in a note on Wednesday that it's standing by shares of Carvana.

☆ Here are Tuesday's biggest analyst calls: Apple, Amazon, Nike, Monster, AMD, Carvana, CVS & more
▼ + stars: | 2022-11-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Tuesday's biggest calls on Wall Street: Bank of America reinstates Deckers as buy Bank of America called Deckers a "rare, consistent compounder." Deutsche Bank reiterates Amazon as buy Deutsche said "macro challenges are no doubt pressuring ad budgets" for Amazon, but the company continues to be well positioned. JPMorgan upgrades Carvana to neutral from underweight JPMorgan said in its upgrade of the stock that risks are now better understood. JPMorgan upgrades Monster to outperform from neutral JPMorgan said the beverage giant has an "attractive narrative." Bank of America reiterates Advanced Micro Devices as buy Bank of America said shares of AMD are attractive heading into earnings Tuesday afternoon.

☆ JPMorgan upgrades Monster Beverage, says it's attractive heading into 2023
▼ + stars: | 2022-11-01 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

JPMorgan thinks it's time to buy shares of Monster Beverage . Analyst Andrea Teixeira upgraded shares of Monster Beverage to overweight from neutral ahead of the company's third-quarter earnings results this week. "We think MNST is well positioned into 2023E from both organic top-line (JPMe: 11%) and bottom-line perspectives (JPMe: +31%)," Teixeira wrote in a Tuesday note. Several challenges remain for Monster Beverage, including rising inflation and greater competition from new entrants in the field. Shares of Monster Beverage are down just 2.4% this year.

☆ Wall Street's biggest banks say Amazon is still a screaming 'buy' despite its ugly earnings results. Here's why, and where they see future growth coming from.
▼ + stars: | 2022-10-31 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

The company's share price has dropped by more than 15% since then. Amazon's third-quarter earnings disappointed investors on Thursday, sending the company's stock into a tailspin. What's Wall Street saying? Outcry over grueling and unsafe working conditions from employees has not tipped the scale for shareholders or Wall Street analysts. His firm holds Amazon stock.

☆ Here are Monday's biggest analyst calls: Tesla, Apple, Southwest, Uber, Roku, Home Depot, AMD & more
▼ + stars: | 2022-10-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS downgrades Caterpillar to neutral from buy UBS said in its downgrade of Caterpillar that it sees a more "balanced risk/reward." Morgan Stanley upgrades Pure Storage to overweight from equal weight Morgan Stanley said in its upgrade of the data flash storage company that it sees "share gains and growing value proposition." Morgan Stanley reiterates Southwest as a top pick Morgan Stanley says it has "solid confidence" in shares of Southwest. Morgan Stanley reiterates Charles Schwab as a top pick Morgan Stanley says it's standing by the stock despite shares underperforming. Oppenheimer reiterates Uber as outperform Oppenheimer says Uber shares have a "compelling value proposition" ahead of earnings on Tuesday.

☆ Analysts remain confident in Amazon long term as shares crater, expect 'redemption story' ahead
▼ + stars: | 2022-10-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Amazon 's disappointing quarterly results signaled to analysts that even the giants aren't immune to a macro slowdown. Analysts trimmed price targets and estimates to reflect a broader macro slowdown at the e-commerce giant following the results, with analysts at Deutsche Bank and Wolfe Research saying it's time to "batten down the hatches." However, most analysts remain bullish on the company's long-term trajectory, maintaining their outperform and buy ratings on the stock. That said, analysts across the board trimmed price targets and estimates to reflect the broader macro pressures. He trimmed his price target on the stock to $137 from $157 a share, suggesting 23% upside ahead for the stocks.

☆ This analyst says Amazon’s dismal forecast signals a recession is already underway
▼ + stars: | 2022-10-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Amazon 's dismal fourth-quarter forecast means consumer spending is slowing and the long-feared recession that has been weighing on investor sentiment is underway, according to Bank of America. "Outlook for less q/q revenue growth than 2021 suggests consumer recession is already here," wrote analyst Justin Post in a note to clients Friday. The company said Thursday it anticipates fourth-quarter revenue will be between $140 billion and $148 billion, while analysts surveyed by Refinitiv had expected sales of $155.15 billion. That forecast also signals the company's lowest quarter-over-quarter revenue growth on record, according to Post. Even during the 2008 recession, the technology behemoth saw fourth-quarter sales grow 57% sequentially, he said.

☆ Amazon stock tumbles after downbeat sales forecast
▼ + stars: | 2022-10-28 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

Amazon shares plunged more than 8% on Friday, a day after the company projected sales in the holiday quarter would be far below expectations. Amazon shares pared back some losses from earlier Friday morning, when the stock was off about 50% from its highs, resulting in about a $940.8 billion hit to Amazon's value. Revenue in the third quarter came in at $127.10 billion, up 15% year over year, but slightly softer than Wall Street's expected $127.46 billion. Some analysts on Friday shaved their price targets for Amazon's stock to reflect near-term concerns. WATCH: Amazon misses on revenue, stock plummets on weak fourth quarter guidance

☆ Wall Street analysts see short-term pressure for Alphabet following earnings miss
▼ + stars: | 2022-10-26 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +4 min

Revenue also came in short at $69.09 billion where Wall Street analysts anticipated $70.58 billion. Those weaker-than-expected results were driven by a slowdown in ad spending and a slip in revenue at YouTube, areas where analysts expected growth. Citi analyst Ronald Josey cut his price target on the company to $120 from $140 to reflect slower revenue growth and margin pressures. A leaner Alphabet Alphabet announced that it would slow hiring in the coming quarter in a move to increase efficiency. "We believe advertising, content and product sales are converging, and GOOGL appears to be ahead of this trend, which is promising."

☆ Morgan Stanley cuts Tesla price target, warns of 'unexpected headwinds' ahead
▼ + stars: | 2022-10-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Morgan Stanley cut its price target on Tesla as unexpected headwinds loom in the fourth quarter and 2023. "We had expected Tesla to miss consensus expectations in 3Q due to input cost inflation and other disruption," Jonas wrote in a note to clients Monday. However, given the highly volatile economic environment, we want to make room for unexpected headwinds into 4Q as well as into FY23." Jonas trimmed the bank's price target to $330 a share from $350, suggesting a 56% potential gain from Monday's close. Along with the price target cut, Jonas trimmed free cash flow estimates and noted lower average earnings per share expectations between 2023 and 2027.

☆ Here are Tuesday's biggest analyst calls of the day: Apple, Amazon, Tesla, Microsoft, Rivian & more
▼ + stars: | 2022-10-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: Piper Sandler initiates Deckers as overweight Piper said it's bullish on the company's Hoka shoe brand. Bernstein reiterates Tesla as underperform Bernstein said it's concerned about China competition for Tesla. Mizuho reiterates Rivian as buy Mizuho said Rivian is best positioned with China concerns and potential EV slowdowns globally. Morgan Stanley reiterates Tesla as overweight Morgan Stanley lowered its price target on Tesla to $330 per share from $350 and said it's changing estimates to account for "unexpected headwinds." JPMorgan reiterates Apple as outperform JPMorgan said it has "resilient expectations" heading into Apple earnings later this week.

☆ Bank of America downgrades Meta, says lower ad spending could hurt Reels
▼ + stars: | 2022-10-24 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Investors should hold off on Meta as it heads into earnings this week, according to Bank of America. Analyst Justin Post downgraded shares of Meta to neutral from buy, saying there is likely greater ad spending pressure ahead that could hurt Meta's Reels business. "We expect 4% y/y growth in 2023 ($120bn in rev) vs Street at 9% ($127bn) and see some downside risk to our estimates in a recession." Meta shares dipped 1.7% in the premarket Monday. The analyst said that lower content consumption on Snap has made the firm cautious on whether Meta could successfully transition users to Reels.

☆ Facebook and Google face skeptics on Wall Street this week amid digital ads collapse
▼ + stars: | 2022-10-24 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

Wall Street is bracing for disaster in online advertising. Facebook parent Meta shares are down more than 60% this year, and the company is expected to report a second straight drop in revenue. UBS said it would "reduce estimates and price targets across the online advertising group" due to both the economic environment and a strong U.S. dollar. In Snap's report on Thursday, the company said results are being hit by a combination of platform changes, economic challenges and competition. For a second straight quarter, Snap said it wouldn't be providing guidance for the coming period because of difficulty in predicting the economic trajectory.

☆ Here are Monday's biggest analyst calls: Apple, Meta, Chevron, AT&T, Disney, Coinbase & more
▼ + stars: | 2022-10-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: Jefferies downgrades Williams-Sonoma to underperform from hold Jefferies said it's concerned about a softer macro environment. Wells Fargo reiterates Disney as overweight Wells said it continues to like the stock heading into earnings in early November. " Bank of America downgrades Meta to neutral from buy Bank of America said it's concerned about an ad spending slump heading into earnings later this week. Mizuho reiterates Coinbase as neutral Mizuho said it's staying neutral on Coinbase as losses continue to "linger" on the company's platform. Bank of America reiterates Apple as neutral Bank of America said it sees a balanced risk-reward heading into Apple earnings later this week.

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Amazon, Dick's, Sunrun, Nike & more
▼ + stars: | 2022-10-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Thursday's biggest calls on Wall Street: Morgan Stanley reiterates Amazon as a top pick Morgan Stanley said shipping and fulfillment remain "key profit drivers" heading into the e-commerce giant's earnings next week. Headwinds from the interest rate spike on financing costs and valuation are tough to ignore despite strong demand growth from IRA and rising utility rates. UBS reiterates McDonald's as buy UBS said the fast food chain is "defensive." UBS reiterates Nike as buy UBS said its recent survey checks give the firm "increased" conviction in the stock. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said Tesla's earnings report on Wednesday was strong but that the outlook for 2023 is still "at risk."

☆ Here are Tuesday's biggest analyst calls of the day: Tesla, Amazon, Alphabet, Carvana, Target & more
▼ + stars: | 2022-10-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Wedbush downgrades Carvana to neutral from buy Wedbush said in its downgrade of Carvana that it sees severe cash burn and deteriorating market conditions. Jefferies upgrades Target to buy from hold After a change in analyst coverage, Jefferies upgraded the big box retailer and said it sees "margin improvement." Goldman Sachs reiterates Chipotle as buy Goldman said the stock is too compelling to ignore heading into earnings next week. " Deutsche Bank reiterates Microsoft as buy Deutsche Bank said Microsoft is still the "best house on the block" heading into earnings next week. " Barclays reiterates Amazon as overweight Barclays sad investors should buy the stock ahead of earnings later this month.

☆ BMO cuts 2022 year-end S&P 500 outlook, saying it underestimated inflation
▼ + stars: | 2022-10-14 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

BMO Capital Markets chief investment strategist Brian Belski cut his 2022 year-end stock market forecast after saying he underestimated the impact inflation would have on markets. The simple answer is the inflation environment, which we underestimated with our previous forecast. And with future CPI reports expected to remain hot, we decided we need to be more realistic in terms of 4Q performance expectations," Belski wrote in a Thursday note. The September reading on the consumer price index released Thursday showed inflation rising more than anticipated. "[Although] we have tempered our enthusiasm, we truly believe that stocks can and should rebound from current levels," Belski wrote.

☆ Here are Friday's biggest analyst calls: Micron, Tesla, Apple, Sunrun, Netflix, Delta, Amazon & more
▼ + stars: | 2022-10-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Friday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said the tech giant continues to be a "highly debated stock" among investors the firm talked to. " Loop initiates Micron as buy Loop says it sees upside potential for shares of Micron . Citi reiterates Netflix as buy Citi said it's standing by its buy rating on Netflix heading into earnings later this month. Morgan Stanley names AbbVie as a catalyst driven idea Morgan Stanley said it sees a new "pipeline opportunity" as the biopharma company looks to develop new products. " Morgan Stanley reiterates Sunrun and Plug Power as overweight Morgan Stanley said the selloff in clean tech is overdone.

☆ Wall Street strategists say this is what investors must watch for in 3Q earnings reports
▼ + stars: | 2022-10-11 | by ( Robert Hum | ) www.cnbc.com time to read: +5 min

As third-quarter earnings season gets underway, investors will be missing a good chunk of the action if they ignore guidance for the fourth quarter. Paint and coatings producer PPG Industries said " sales volume declines were most pronounced in September" and it expects difficult conditions to continue into the fourth quarter. Fourth-quarter earnings estimates for the S & P 500 have already been reduced in half since July 1 – which was just before the start of the second-quarter earnings season. Take a look at what happened during the just-completed Q2 earnings season. That's why it's important to watch what happens with the forward-looking fourth-quarter estimates this earnings season.

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