DIRS.INFO The most relevant business & tech news

☆ General Electric is among the most overbought names on Wall Street. Here are the others
▼ + stars: | 2024-03-22 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

After significantly outperforming the broader market this year, shares of General Electric could see a pullback, at least according to one popular chart metric. Using the CNBC Pro Stock Screener tool, we searched for the most overbought and oversold names in the S & P 500 based on their 14-day relative strength index, or RSI. Here are some of the most overbought names: General Electric 's 14-day RSI of nearly 83 indicates that shares could be overbought. Several oil and gas names are also overbought, according to their RSI. However, Wall Street anticipates nearly 17% upside for Marathon Oil, according to LSEG.

Persons: LSEG, Wells, Roger Read Organizations: General, Federal Reserve, Dow Jones, Nasdaq, CNBC, Stock, GE, GE Vernova, New York Stock Exchange, Valero Energy, Marathon Petroleum, Marathon, NRG Energy, LSEG, NRG, Valero, Oil, Pfizer Locations: U.S, LSEG, Wells Fargo

Stocks have been on a tear, but analysts can't agree on which names they like going forward. Analysts are becoming increasingly divided on names such as Tesla and International Business Machines — which have struggled recently despite the broader market rally. Against this backdrop, CNBC Pro set out to find the stocks in which analysts are most divided. is largely favored by Wall Street, receiving buy ratings from 40% of analysts covering the stock, and sell ratings from just a fifth. Other stocks analysts are divided on include sports apparel retailer Lululemon , which still has buy ratings from 50% of analysts covering the stock, and United Rentals , which has a 50-50 split in analysts' buy and sell ratings.

Persons: Stocks, Russell, Elon Musk, Goldman Sachs, Mark Delaney, Tesla's, Palantir, Mariana Perez Mora, Alex Karp, Peter Thiel Organizations: Tesla, Machines, Dow Jones Industrial, Nasdaq, CNBC Pro, Elon, FactSet, Monday, EV, Software, U.S ., Defense, Bank of America, CNBC, Israel, Tech, IBM, Wall, United Rentals Locations: Friday's, Israel

☆ Stocks making the biggest moves premarket: Google, HashiCorp, Nvidia and more
▼ + stars: | 2024-03-18 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Google — Alphabet Class A shares were trading 5.6% higher following a Bloomberg report that said Apple is in talks with Google to license and build its Gemini artificial intelligence engine into future iPhones. Nvidia — The stock moved 2.7% higher ahead of its highly-anticipated GTC Conference , where the chipmaker is expected to announce various AI updates. HashiCorp — Shares jumped 9.8% on news that the San Francisco-based software provider has been considering options including a sale. Taiwan Semiconductor Manufacturing — The U.S.-listed shares gained 1.5% after a Reuters report , citing sources familiar, said Taiwan Semiconductor is deliberating building advanced packaging capacity in Japan. Tesla — Shares rose 3.2% even after Goldman Sachs cut its price target on Tesla by $30 to $190 as the electric vehicle maker faces issues with rising competition and slower demand.

Persons: Apple, Goldman Sachs, Morgan Stanley, —, Alex Harring, Samantha Subin, Jesse Pound, Brian Evans, Yun Li, Sarah Min, Michelle Fox Theobald Organizations: Bloomberg, Google, Nvidia, Conference, HSBC, Taiwan Semiconductor Manufacturing, Taiwan Semiconductor, Tesla Locations: San Francisco, U.S, Taiwan, Japan

☆ Stocks making the biggest moves midday: Nvidia, Apple, Alphabet, PepsiCo and more
▼ + stars: | 2024-03-18 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Investors see the event as a bellwether for artificial intelligence, as Nvidia is expected to unveil new products and updates. Alphabet , Apple — Shares of the Google parent company gained nearly 7% following a Bloomberg report that said Apple was discussing licensing Alphabet's Gemini artificial intelligence engine into the iPhone. Apple climbed roughly 2%. PepsiCo — The beverage stock rose nearly 4% after an upgrade to overweight from equal weight by Morgan Stanley . PepsiCo's business fundamentals should bottom out early this year and then rebound in the second half, according to Morgan Stanley.

Persons: Apple, Tesla, Morgan Stanley, Uber, — CNBC's Pia Singh, Jesse Pound Organizations: Nvidia —, Conference, Investors, Nvidia, National Association of Realtors, realtors ., —, Google, Bloomberg, Apple, Taiwan Semiconductor Manufacturing, Reuters, Bank of America, PepsiCo, Technologies Locations: San Francisco, Japan

There's a host of stocks that can still benefit from the artificial intelligence craze besides Nvidia , according to analysts. As investors look for AI plays beyond Nvidia, CNBC Pro used FactSet data to screen for stocks in the technology and semiconductor space that should see significant earnings growth in the future. Analysts anticipate year-over-year earnings per share for 2024 will grow by 39.5% and advance by 48.7% in 2025. Management said on the company's earnings call that sequential growth is expected throughout 2024, with the second half of the year being stronger than the first. Other stocks that can expect to see huge earnings growth moving forward include Super Micro Computer , audio and imaging technologies developer Dolby Laboratories and Ultra Clean Holdings .

Persons: Jensen Huang, Christopher Danely, Evercore, Fabless chipmaker SiTime, It's, SiTime Organizations: Nvidia, Conference, Bank of America, CNBC Pro, Devices, Citi, AMD, Seagate Technology, Evercore ISI, Seagate, Management, Micro, Dolby Laboratories, Clean Holdings

☆ Stocks making the biggest moves midday: Adobe, Ulta, Micron Technology, Rivian Automotive and more
▼ + stars: | 2024-03-15 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Adobe — Shares slipped 15% after the software company issued weak revenue guidance for its current quarter. Revenue guidance came out in the range between $110.5 million and $112.5 million, also below the $113.4 million expectation from analysts. Smartsheet — The business software provider retreated by 3.2% after posting revenue guidance that was worse than analysts expected. Ulta Beauty — Shares edged lower by 5.3% after the beauty products retailer posted disappointing full-year earnings guidance. Steel Dynamics — Shares of the Indiana-based steelmaker rose more than 2% after strong earnings guidance for the first quarter.

Persons: Geron, Piper Sandler, Jabil, PagerDuty, Smartsheet, Ulta, Stocks, cryptocurrencies, bitcoin, MicroStrategy, Cardlytics, —, Alex Harring, Jesse Pound, Lisa Kailai Han, Michelle Fox Theobald Organizations: Geron, U.S, Food, Drug Administration, Micron Technology, Citi, Micron, Adobe, FactSet, Marathon, Steel, Steel Dynamics, Wall Street Locations: Indiana

☆ Stocks making the biggest moves premarket: Citigroup, Under Armour, MicroStrategy and more
▼ + stars: | 2024-03-14 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Under Armour — Shares dropped 5.3% on news that founder Kevin Plank is returning as chief executive to the sportswear company. Dollar General — The discount retailer popped 5.8% on the back of a stronger-than-expected earnings report for the fourth quarter. After the market closed Wednesday, SentinelOne posted stronger-than-expected quarterly results. Dick's Sporting Goods -- Shares moved 3.6% higher after the sporting goods retailer posted an earnings and revenue beat for its fourth quarter. MicroStrategy — Shares gained 1.6% after MicroStrategy said it's raising $500 million to buy additional bitcoin , and to use for other general corporate purposes.

Persons: Armour, Kevin Plank, Evercore, LSEG, Joe Biden, SentinelOne, Dick's, Goldman Sachs, MicroStrategy, —, Alex Harring, Sarah Min, Michelle Fox Organizations: United States Steel, Nippon Steel Corp, Wall Street Journal, Dick's Sporting Goods, Citigroup —, Citi

☆ Stocks making the biggest moves midday: Dick's Sporting Goods, Lennar, Robinhood and more
▼ + stars: | 2024-03-14 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Dick's Sporting Goods — Shares jumped 14% after the sporting goods retailer posted fourth-quarter results that exceeded expectations. Dick's Sporting Goods reported earnings of $3.85 per share on revenue of $3.88 billion. Analysts surveyed by LSEG, formerly Refinitiv, had expected earnings per share of $3.35 on revenue of $3.80 billion. In its first quarter, Lennar reported revenue of $7.31 billion, weaker than the $7.39 billion expected by analysts polled by LSEG. UiPath — Shares tumbled 7.4% after the enterprise automation company posted revenue guidance that was weaker than expected.

Persons: LSEG ., SentinelOne, LSEG, Robinhood, Wells, Joe Biden, Armour, Kevin Plank, Plank's, Evercore, MicroStrategy, Oprah Winfrey, —, Lisa Kailai Han, Alex Harring, Pia Singh Organizations: Dick's, Dick's Sporting Goods, LSEG, . Steel, U.S, Steel, Nippon Steel Locations: Japanese

☆ Stocks making the biggest moves midday: Tesla, GE HealthCare, Coinbase and more
▼ + stars: | 2024-03-13 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Crypto stocks — Stocks whose performance is tied to the price of bitcoin rose as the cryptocurrency pushed to another record for the third day in a row. Dollar Tree posted adjusted earnings of $2.55 per share on $8.64 billion of revenue for the fourth quarter. Analysts surveyed by LSEG, formerly known as Refinitiv, had penciled in $2.65 per share on $8.67 billion in revenue. GE HealthCare — Shares dropped 3% after the medtech company announced a secondary offering of 13 million shares. Analysts had expected earnings of 2 cents per share on revenue of $1.62 billion, per LSEG.

Persons: Coinbase, MicroStrategy, CleanSpark, Baird, Goldman Sachs, Wells, Raymond James, —, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: Marathon, Iris Energy, Texas, Nvidia, Devices, Micron Technology —, Micron, AMD, LSEG, GE, —, GE HealthCare Technologies, General Electric, Royal, Petco, Wellness Locations: Kentucky, Royal Caribbean

☆ Hedge funds are betting big against these stocks and it's working
▼ + stars: | 2024-03-13 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The latest short interest data reveals several stocks that are down both month to date and since the start of the new year. CNBC Pro screened FactSet data for stocks trading on the New York Stock Exchange and Nasdaq Exchange with the most short interest as of Feb. 29. Here are the names of these heavily shorted stocks: EV-related stocks and auto stocks are an ongoing target of hedge funds — and they're not performing well this year. There is also a significant amount of short interest, roughly 33%, in both Luminar Technologies , which makes technology for self-driving cars, and used car retailer Carvana . Short interest in the stock grew a whopping 44.9% during the latter half of February.

Persons: they're, TD Cowen, Jefferies, —, Nick Wells Organizations: Dow Jones Industrial, CNBC, New York Stock Exchange, Nasdaq Exchange, Lucid, EV, ChargePoint Holdings, Luminar Technologies, Sunnova Energy

☆ AI could boost these stocks with customer support needs, Barclays says
▼ + stars: | 2024-03-13 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

One of the leading emerging use cases for artificial intelligence could be automating customer support requests, according to Barclays. At a time when some investors are beginning to doubt the AI momentum, some companies are now experimenting with AI for customer support and consumer-facing features. These support levels involve escalations from solving simple customer service problems, and can entail trouble-shooting with support technicians and the involvement of engineers, if needed. Lyft stands to be the biggest beneficiary of AI automating customer support requests, assuming that it can move just over a third of its Level 2 and 3 human-based customer service requests to AI. To be sure, it's still early days for companies that could benefit from deploying AI as part of their customer support, Barclays found.

Persons: Ross Sandler, Klarna, Sandler, GoDaddy, Roblox's, it's, We've Organizations: Barclays, Web Services, Google, FactSet

(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. An online car seller and a crypto trading platform were in focus on Tuesday's analyst chatter. Carvana shares are up more than 47% this year, soaring after the company topped fourth-quarter profit estimates. Until ETP flows taper and/or reverse, we suspect the stock's current momentum may persist," analyst Patrick O'Shaughnessy wrote. COIN YTD mountain COIN year to date Coinbase shares received a boost from the ETF excitement, rising more than 40% year to date, as bitcoin climbs to record highs .

Persons: Coinbase, Raymond James ., Jason Bazinet, Bazinet, — Pia Singh, Jefferies, Carvana, John Colantuoni, Carvana hasn't, Raymond James, Patrick O'Shaughnessy, ETP, O'Shaughnessy, — Fred Imbert Organizations: CNBC, underperform, Jefferies, Citi, New York Times, Citi Research, Bazinet , New York Times Locations: Bazinet ,, underperform, Monday's

Oppenheimer increased its price target on Netflix, calling for upside of nearly 20%. Bernstein, meanwhile, reiterated an outperform rating on Taiwan Semiconductor, noting that margins will fare better than the Street expects going forward. Analyst Stephen Grambling downgraded Hyatt to equal weight from overweight and lowered his price target by $7 to $149. — Pia Singh 5:44 a.m.: Bernstein sticking by Taiwan Semiconductor Taiwan Semiconductor shares are off to a strong start for the year, and Bernstein expects them to continue doing well. The firm raised its price target on them to $150 from $125, implying upside of just 2%.

Persons: Oppenheimer, Bernstein, Morgan Stanley downgrades Hyatt, Morgan Stanley, Hyatt's, Stephen Grambling, Grambling, Hyatt, FactSet, — Pia Singh, Oppenheimer Oppenheimer, Jason Helfstein, Helfstein, Wall, Mark Li, Li, TSMC, 4Q23, — Fred Imbert Organizations: CNBC, Netflix, Taiwan Semiconductor, Hyatt, Taiwan Semiconductor Taiwan Semiconductor, GM Locations: 2H24, U.S, Taiwan

☆ Morgan Stanley just named its 3 favorite chip stocks after hosting a big tech conference
▼ + stars: | 2024-03-11 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Moore named Nvidia , Western Digital and Microchip Technology as the investment bank's favorite names coming out of the conference. Computer drive maker Western Digital is the firm's top pick. Western Digital announced in late October that it will split its hard disk drive and NAND memory businesses into two separate public companies. "Every semiconductor equipment company that we talked to highlighted that NAND spending will remain at minimal levels through CY24, even as DRAM spending and cutting edge fab spending hit new highs," he said. Western Digital shares are up 17.9% so far this year.

Persons: Morgan, Joseph Moore, Moore, Morgan Stanley's Organizations: Media, Telecom, Nvidia, Western Digital, Technology, Computer, Western, Digital Locations: CY25

☆ Stocks making the biggest moves midday: Nvidia, Coinbase, Oracle, Bally's and more
▼ + stars: | 2024-03-11 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Oracle — Shares added 1.6% ahead of the software giant's fiscal third-quarter earnings report due after the bell. Analysts polled by FactSet are expecting earnings per share of $1.38 and revenue of $13.29 billion. New York Community Bancorp — The regional bank stock dropped 4.8%, extending losses after Friday's more than 6% drop. Moderna — The stock jumped more than 8% in midday trading, putting it on track for its biggest one-day gain since December. Duolingo — Shares rose 3.6% after JPMorgan initiated coverage of the online learning platform with an overweight rating, forecasting "premium" revenue growth that could substantially drive up Duolingo's valuation.

Persons: FactSet, Lam, Coinbase, Microstrategy, Jefferies, Eli Lilly, — CNBC's Michelle Fox, Alex Harring, Yun Li, Tanaya Macheel, Pia Singh Organizations: Oracle, Nvidia, Semiconductor, Lam Research, New York Community Bancorp, Moderna, P Biotech, Xcel Energy, Barclays, JPMorgan, PDD Holdings

☆ This veteran investor is buying 'old economy' stocks that are embracing AI
▼ + stars: | 2024-03-09 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Tengler named several attractively valued stocks she called the "picks and shovels" of AI, including Emerson Electric , L3Harris Technologies , Visa , Walmart and McDonald's . These companies are expected to boast continued strong growth and stock performance, aided by AI, she said. "Generative AI is much more compelling of a story than then the internet was in many ways," in terms of fueling productivity and growth, Tengler said. Walmart, another of Tengler's top "old economy" AI plays, has gained 14.4% so far this year, double the broader market. "They've benefited from embracing not just robotics and digitization, but generative AI in their e-commerce business and in improving margins," Tengler said of Walmart.

Persons: Nancy Tengler, Tengler, Berenberg, Emerson, L3Harris, Seth Seifman, They've, they've Organizations: Investments, Nvidia, Meta, Emerson Electric, L3Harris Technologies, Visa, Walmart, Aerospace, Defense Department, JPMorgan, Broadcom, Amazon, Microsoft Locations: Arizona, Friday's, Melbourne , Florida

☆ Stocks making the biggest moves midday: Nvidia, Marvell Technology, Costco, Eli Lilly and more
▼ + stars: | 2024-03-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Marvell Technology — The chip company sank more than 11% on light first-quarter earnings and revenue guidance. Marvell Technology said it anticipated adjusted earnings of 23 cents per share for the first quarter, below the 40 cents expected by analysts polled by LSEG, formerly known as Refinitiv. Samsara posted $276 million in revenue, compared to analysts' expectations for $258 million, per LSEG. DocuSign reported adjusted earnings of 76 cents per share on revenue of $712 million for the period. Analysts polled by LSEG had called for earnings of 64 cents per share on $699 million in revenue.

Persons: Carvana, Eli Lilly —, Goldman Sachs, MongoDB, NYCB, DocuSign, LSEG, Morgan Stanley, Yun Li, Jesse Pound, Pia Singh, Sarah Min, Michelle Fox, Hakyung Kim Organizations: Nvidia —, Nvidia, Marvell Technology, LSEG, RBC Capital Markets, Costco, U.S . Food, Drug Administration, Broadcom, Textron — Textron, Bank of America, Old Navy, New York Community Bancorp, Moody's Investors Service, Amylyx Pharmaceuticals, UBS — U.S, UBS, Auto, Deutsche Bank Locations: U.S, Swiss, China

Stocks retreated on Friday, closing out a turbulent week as Nvidia 's incredible run took a breather. The broad S&P 500 pulled back by 0.26% this week, while the blue-chip Dow and tech-heavy Nasdaq fell 0.93% and 1.17%, respectively. That decline marked the worst week for the 30-stock Dow since October. The artificial intelligence darling finished down more than 5% in its worst session since late May. Despite that breather, Nvidia shares still finished up more than 6% on the week.

Persons: Stocks, Sam Stovall, We've Organizations: Nvidia, Nasdaq, Dow Jones Industrial, Dow, CFRA Research

☆ Stocks making the biggest moves after hours: Broadcom, Costco, MongoDB and more
▼ + stars: | 2024-03-07 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Broadcom — Shares dipped 3% after the semiconductor company posted full-year revenue guidance that was in line with analysts' expectations, per LSEG. For the fiscal first quarter, Broadcom reported adjusted earnings of $10.99 per share, while analysts while analysts polled by LSEG had expected $10.29 per share. Gap — The apparel retailer's stock price jumped 7% after earnings blew past analysts' expectations for the latest quarter. Costco Wholesale — Shares dipped 4% after the retailer slightly missed revenue expectations in the fiscal second quarter. Costco posted $58.44 billion in revenue, while analysts had expected $59.16 billion, according to LSEG.

Persons: LSEG, Marvell, Darla Mercado Organizations: Broadcom, Revenue, Marvell Technology, Marvell, Navy, Costco Locations: LSEG

☆ Stocks making the biggest moves premarket: Novo Nordisk, New York Community Bancorp, Victoria's Secret, Nvidia and more
▼ + stars: | 2024-03-07 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Nvidia — Semiconductor companies rose broadly as a group, with the VanEck Semiconductor ETF gaining 1.5% in the premarket. Intel shares rose 1.7%. Kroger — Shares rose 6% after the supermarket chain reported fourth-quarter better-than-expected earnings. Analysts expected a profit of 50 cents per share on revenue of $1.67 billion, according to LSEG. Victoria's Secret expects $6 billion full-year revenue, less than the $6.2 billion expected from analysts polled by FactSet.

Persons: Eli Lilly, Mizuho, LSEG, Tesla, NYCB, — CNBC's Michelle Fox, Hakyung Kim, Jesse Pound, Pia Singh Organizations: Nordisk —, Nvidia — Semiconductor, VanEck Semiconductor, Nvidia, Micron Technology, Stifel, Broadcom, Intel, Kroger, Eagle Outfitters, Citi, York Community Bancorp, FactSet, York Community Locations: Danish, American

☆ 5 cheap stocks to buy on any pullback, according to investor Sarat Sethi
▼ + stars: | 2024-03-06 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Stocks have ripped to record highs this year, led by a few major technology names as investors bet artificial intelligence will boost profits. That doesn't mean there aren't opportunities for investors looking for stocks at more attractive valuations, especially during pullbacks, Sethi said. Sethi highlighted several attractively valued stocks to buy on a pullback, including Johnson & Johnson , GSK , Freeport-McMoRan , Schlumberger and Google parent Alphabet . From the health-care sector, Sethi highlighted pharmaceutical companies Johnson & Johnson and GSK as "very cheap stocks." When it comes to major technology stocks, Sethi pointed out that Alphabet, one of his firm's core holdings, is currently trading at a discounted level.

Persons: Sarat Sethi, Douglas C, Sethi, FactSet, that's Organizations: Lane & Associates, Federal Reserve, Dow Jones, Nasdaq, Johnson, GSK, Schlumberger, Google, Freeport, Nvidia, Microsoft, Meta Locations: Freeport, McMoRan

☆ Stocks making the biggest moves premarket: Palantir, CrowdStrike, Foot Locker and more
▼ + stars: | 2024-03-06 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Foot Locker — Shares tumbled about 9.7% after the sneaker retailer posted a holiday-quarter loss and provided weak guidance for the current year. CrowdStrike's adjusted earnings of 95 cents per share surpassed an LSEG consensus estimate of 82 cents per share. The firm's $845 million in revenue was also higher than the estimated $839 million. That's higher than analysts' calls for $1.65 per share on revenue of $5.81 billion, according to LSEG. Box — The stock added 2.9% after matching fourth-quarter revenue expectations, according to LSEG.

Persons: Foot, CrowdStrike, Palantir, ChargePoint, FactSet, Ross, Bitcoin, Nordstrom, —, Jesse Pound, Michelle Fox Theobald Organizations: —, U.S . Army, Tactical Intelligence, Ross, OpenAI, Nordstrom

☆ Stocks making the biggest moves midday: CrowdStrike, Palantir, Super Micro Computer, Brown-Forman and more
▼ + stars: | 2024-03-06 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

JD.com — The Chinese e-commerce platform surged nearly 19% after posting a quarterly revenue increase. Thor Industries — Shares plunged 11% after the recreational vehicle maker posted quarterly revenue that disappointed expectations. In its second quarter, Thor Industries reported revenue of $2.21 billion, weaker than the FactSet consensus estimate of $2.27 billion. Box posted fourth-quarter earnings of 42 cents per share, topping the forecast 38 cents in earnings per share from analysts polled by LSEG. Wall Street firms HSBC and Deutsche Bank upgraded Target to buy after the earnings results.

Persons: CrowdStrike, JD.com, Nordstrom, Morgan Stanley, Locker, HashiCorp, LSEG, Couchbase, Bitcoin, Ether, ChargePoint, Wolfe, Brown, Forman —, Forman, Jack Daniel's, Adam Jonas, Tesla, Fitch, — CNBC's Michelle Fox, Lisa Kailai Han, Hakyung Kim, Pia Singh, Samantha Subin Organizations: Management, Nordstrom, New York Community Bancorp, Reuters, Wall, Bank, — Bank, PNC Financial Services, Northern Trust, T Bank, Thor Industries, FactSet, ChargePoint Holdings, LSEG, OpenAI, —, U.S . Army, Tactical Intelligence, Wall Street, HSBC, Deutsche Bank, Target, Argus, Abercrombie, Fitch, Tech Locations: FactSet ., LSEG .

(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Meanwhile, Goldman Sachs noted Tesla and Rivian need to be careful when cutting prices. He increased his price target by $20 to $220, however, suggesting shares could shed 7.4% from Monday's close. Baird's $1,050 price target suggests shares can still climb more than 23%. His Tesla target of $220 implies upside of 17%, while his $13 forecast on Rivian points to a 19% gain from here.

Persons: Baird, Goldman Sachs, Tesla, Williams, Anthony Chukumba, Chukumba, — Pia Singh, Ranjan Sharma, Sharma, Morgan Stanley downgrades Sunnova, Morgan Stanley, Andrew Percoco, Percoco, Tristan Gerra, Gerra, Goldman, Mark Delaney, Delaney, Fred Imbert Organizations: CNBC, Nvidia, JPMorgan, Free Fire, NOVA, Amazon, Meta, Google Locations: Williams, Sonoma, Monday's, Tuesday's premarket

☆ Morgan Stanley says M&A will rebound and these stocks have an 'elevated likelihood' of a takeover
▼ + stars: | 2024-03-05 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Global mergers and acquisition activity will soar this year, and several names could benefit from the comeback, according to Morgan Stanley. The firm expects global M & A volume activity to rise by 50% this year compared to 2023. "We believe that a cyclical and structural rebound in M & A is coming," Morgan Stanley said in a note titled "Stocks with Elevated Likelihood of Receiving an Offer," which was released Monday. Morgan Stanley pointed out that 2021 to 2023 could have seen a drop of activity worth between $4 trillion and $11 trillion. Morgan Stanley said it has no information about M & A activity involving the companies.

Persons: Morgan Stanley, Morgan, Stephen Ju, Morgan Stanley's Organizations: Health, Sarepta Therapeutics, Tenet Healthcare, Analysts, BMO Capital Markets, UBS, Hertz Global Holdings Locations: Europe

Search resuls for: "Pía"

25 mentions found