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☆ Narendra Modi: India’s popular but controversial leader seeking a transformative third term
▼ + stars: | 2024-04-15 | by ( Rhea Mogul | ) edition.cnn.com time to read: +26 min

Varanasi and New Delhi CNN —Indian Prime Minister Narendra Modi once famously made a simple election promise: “good days are coming”. India's Prime Minister Narendra Modi addresses his supporters during an election campaign rally in Pushkar on April 6, 2024. India's Prime Minister Narendra Modi speaking during a rally in Sydney, Australia, on May 23, 2023. Kalpit Bhachech/Getty Images Narendra Modi, then BJP secretary is welcomed at Ahmedabad Railway Station by the party's followers on January 31, 1992. Brent Lewin/Bloomberg/Getty Images India's Prime Minister Narendra Modi addresses Congress at the US Capitol in Washington, DC, on June 22, 2023.

Persons: Narendra Modi, Modi, Himanshu Sharma, Getty Images Modi, –, ”, Saba Naqvi, “, Vajpayee, Naqvi, Dileep Patel, John Mees, Akash Jaiswal, “ We’ve, ” Jaiswal, isn’t, Matthew Abbott, Hiraben, Damodardas, Dipam Bhachech, Lal Krishna Advani, Subhas Chandra Bose, Kalpit Bhachech, Kalpit, Negi Yasbant, Amit Dave, Ajit Solanki, Kevin Frayer, Saurabh Das, AP Modi, Manish Swarup, Lucas Jackson, Barack Obama, Adrien Helou, Reuters Modi, Adnan Abidi, Stringer, Mark Zuckerberg, David Paul Morris, Marco Longari, Angela Merkel, Tobias Schwarz, Emmanuel Macron, Charles Platiau, Saudi Arabia's Crown Prince Mohammed bin Salman, India's, Jair Bolsonaro, Vladimir Putin, Xi Jinping, Amit Shah, Money Sharma, Boris Johnson, Phil Noble, Anthony Albanese, Brent Lewin, Pedro Ugarte, Joe Biden, Doug Mills, Paul Mashatile, Jacoline, Imtiyaz Khan, Amr Alfiky, Patel, India’s, Jawaharlal Nehru, Indira Gandhi, Rajiv, Rahul Gandhi, Nilanjan Mukhopadhyay, “ Narendra Modi, ” Mukhopadhyay, Mukhopadhyay, ” Modi, Keshav Baliram, “ Modi, BJP Modi, Lord Ram, ” Naqvi, Critics, Christophe Jaffrelot, Karan Thapar, ” Jaffrelot, Modi’s, it’s, —, Raj, India Narendra Modi, Kenny Hoston, Ram, ” Raniva, That’s Organizations: New Delhi CNN, Indian, Bharatiya Janata Party, BJP, India's, Getty Images, Pew, CNN, World Health Organization, New York Times, Rashtriya Swayamsevak Sangh, Getty, Modi, Hospital, Narendra, India Today, Indian National Congress, AP, Madison, Garden, Reuters, Washington , D.C, French National Space Agency, of Yoga, Meta, Facebook, Bloomberg, European, Saudi Arabia's Crown, Rashtrapati Bhavan, Kyodo, British, Summit, Qudos Bank, White, Anadolu Agency, Anadolu, United, United Arab Emirates, Cambridge, today’s Congress Party, Harvard, The Times, Muslim, Australia Locations: Varanasi, New Delhi, Gujarat, Pushkar, India, “ India, United States, Brazil, “, Sydney, Australia, Ahmedabad, Ahmadabad, Washington, Washington ,, Toulouse, France, Xian, AFP, Menlo Park , California, U.S, Pretoria, South Africa, China, Berlin, Paris, Rashtrapati, Russian, Brasilia, Glasgow, Red, Ayodhya, Uttar Pradesh, Abu Dhabi, United Arab, Oxford, Vadnagar, Babri, Kadi, Kashmir, United Kingdom, Russia, Ukraine, Israel, Ghaziabad, Meerut, Jama

☆ Major firms like Goldman and JPMorgan cool on Reddit stock post-IPO
▼ + stars: | 2024-04-15 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

A slate of major Wall Street firms has begun coverage of Reddit – and some of them see the stock's gains moderating from here. He rated the company neutral and gave it a price target of $47, anticipating 11% upside from Friday. Sheridan's 12-month price target of $40 was one of the lowest on Wall Street and implies that shares could slide 5% from here. Morgan Stanley had a slightly more optimistic price target of $45, corresponding to a roughly 6.5% gain. Citi analyst Ronald Josey's price target of $53 — which forecasts 25% upside — is among one of the highest on the Street.

Persons: Reddit, Doug Anmuth, JPMorgan's Anmuth, Goldman Sachs, Morgan Stanley, Goldman, Eric Sheridan, Brian Nowak, Ronald, Josey, Benjamin Black Organizations: Bank of America, Citi, Deutsche Bank

☆ India general election 2024: What to know about the world’s biggest vote
▼ + stars: | 2024-04-12 | by ( Helen Regan | Rhea Mogul | ) edition.cnn.com time to read: +9 min

Under Modi, India has become the world’s fastest growing major economy, pushing the country of 1.4 billion people to near-superpower status. Here’s what you need to know about the largest election in human history:How does India vote? Prime Minister Narendra Modi addresses his supporters during an election campaign rally in Pushkar on April 6, 2024. Congress senior party leader Rahul Gandhi during the release of the party manifesto on April 5, 2024 in New Delhi. The ruling BJP’s symbol is a lotus, while the Congress party is a raised, open-palmed hand.

Persons: Narendra Modi, Modi, Noah Seelam, Rahul Gandhi, Arvind Kejriwal, Congress ’ Mamata Banerjee, Muthuvel Karunanidhi Stalin, Himanshu Sharma, Modi’s, Kejriwal, Sanjeev Verma, Nasir Kachroo, Biju Boro Organizations: CNN, Bharatiya Janata Party, BJP, European Union, Getty, Indian National Congress, Congress, Developmental Inclusive Alliance, Aam Aadmi Party, Delhi, West, All India, Modi, Hindustan Times, Minorities, Analysts, Bahujan Samaj Party, Farmers, for Media Studies Locations: India, United States, Russia, Lok, Hyderabad, AFP, INDIA, West Bengal, Tamil, Pushkar, Delhi, New Delhi, Ayodhya, Agriculture, Himachal Pradesh, China, Lohore Sapori, Assam

☆ Why is pop culture so obsessed with nuns?
▼ + stars: | 2024-04-12 | by ( Leah Dolan | ) edition.cnn.com time to read: +5 min

These vestal get-ups are, in fact, the latest in a long line of subversive pop culture interpretations of the lives (and loves) of nuns. More recently, Bella Hadid walked the Coperni Fall-Winter 2022 runway wearing headgear reminiscent of a nun’s habit. The “Nunsploitation” subgenre saw the transformation of nuns from icons of piety and sacrifice into harbingers of evil and sexual obsession. In lighter fare, “Sister Act 3,” a third movie in the beloved “Sister Act” series of the 1990s starring Whoopi Goldberg is currently in development. “The juxtaposition of the nun’s habit with either blatant sexuality or the cultivation of personal identity and style is shocking and grabs people’s attention,” wrote Dr. Neal.

Persons: Rihanna, Sydney Sweeney, vestal, Dior, John Galliano, Serre, Emilia Wickstead, Bella Hadid, Sydney Sweeney's, Hulton, —, Andy Warhol, Ingrid Bergman, ”, Ken Vrana, Yoshitomo Nara, Lynn S, Neal, Audrey Hepburn, Christ, Lust ”, Saint Valentine ”, Sister Gertrude, Nadia Lee Cohen, Saint Maud ”, “, Whoopi Goldberg, Suzanne Hanover, Sweeney — Organizations: CNN, Couture, Deutsch, Pew Research Center, Cannes Film Locations: Maison, Sydney, Italy, Swedish, America

☆ Here are Thursday's biggest analyst calls: Nvidia, Costco, Apple, Snowflake, Meta, Nike, Disney, Airbnb & more
▼ + stars: | 2024-04-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Alphabet as buy Goldman said it's sticking with its buy rating following the company's Google Cloud Next event. "We are initiating coverage of Airbnb (ABNB) with a BUY rating and a $190 per share price target." "Following a period of restriction, we are moving to an Overweight rating and a December 2024 price target of $140." "Given the increase in stock price, we believe valuation levels have disconnected from the fundamental outlook." Piper Sandler reiterates Meta as overweight Piper raised its price target on the stock to $600 per share from $525. "

Persons: Evercore, it's bullish, Goldman Sachs, Goldman, Berenberg, TD Cowen, Visa, Oppenheimer, it's, Snowflake, Raymond James, Simona Jankowski, Wells, Morgan Stanley, Moffett, We've, Marsh, Bernstein, Kenvue, underperform Bernstein, Johnson, Needham, Airbnb, CVX, TTE, Piper Sandler, Meta, Piper, Wells Fargo Organizations: JPMorgan, Apple, Mastercard, Barclays, Nasdaq, Nvidia, UBS, Gartner, IT, Deutsche Bank, ATI, Deutsche, Disney, Microsoft, TEAM, " Bank of America, Nike, of America, Citi, Robinhood, MMC, Qualcomm, Johnson, Consumer, Scotiabank, Hamilton Insurance, Costco, ~$ Locations: Albemarle, Chevron

☆ Trump and Alabama Have Laid Bare the Hypocrisy of the Pro-Life Movement - The New York Times
▼ + stars: | 2024-04-11 | by ( David French | ) www.nytimes.com time to read: +2 min

To understand the remarkable moral, political and intellectual collapse of the pro-life movement, look to the Alabama Supreme Court, not just to Donald Trump’s recent pledge not to sign a national abortion ban or Kari Lake’s flip-flop on Arizona’s reinstated 1864 anti-abortion law. embryos were subject to the state’s wrongful death statute, it forced the pro-life movement to fully examine the cultural and political implications of its position on unborn children, and pro-life Republicans blinked. The traditional pro-life argument comes from different religious and secular sources, but they all rest on a common belief: From the moment of conception, an unborn child is a separate human life. Yes, the baby is completely dependent on the mother, but it is still a separate human life. Absent extreme circumstances, the unborn child must not be intentionally killed.

Persons: Donald Trump’s, Kari Lake’s, Arizona’s, Republicans blinked, Trump Organizations: Alabama Supreme, Alabama, Republicans, Republican Party Locations: Alabama

☆ Jim Cramer shares his thoughts on Delta Air Lines, TSMC, Cava Group, Albemarle and Alibaba
▼ + stars: | 2024-04-10 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

Delta Air Lines : Delta on Wednesday reported better-than-expected first quarter results and issued second-quarter guidance that shows that demand for travel is still strong. "Here's the two things you can do: If you know Nvidia you can say, 'Oh, well that's wrong.' If you don't know Nvidia, you would say, 'Oh my god, what do I do?' Cava Group : Analysts at Argus upgraded the Mediterranean restaurant chain's stock to a buy rating from hold after a period of weakness. Albemarle : Bank of America upgraded shares of the lithium producer to buy from neutral, arguing prices of lithium have bottomed.

Persons: Jim Cramer's, Ed Bastian, Jim Cramer, Cramer, Jack Ma Organizations: CNBC, Club, Delta Air Lines, Delta, Taiwan Semiconductor Manufacturing Company, Nvidia, Argus, Bank of America Locations: Taiwan, Albemarle

☆ Copper prices climb to 2024 high as Citi calls the start of the metal's second bull market this century
▼ + stars: | 2024-04-10 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Soaring copper prices show no signs of slowing down, analysts say, with the red metal's rally fueled by supply risks and improving demand prospects for energy transition metals. Copper prices with May delivery traded at $4.323 per pound in New York as of Wednesday morning, extending gains after settling at its highest level since June 2022 in the previous session. Copper briefly hit a high of $4.334 in intraday trading on Tuesday, reflecting its highest level since the middle of January last year. Three-month copper prices on the London Metal Exchange traded 0.6% higher at $9,477 per metric ton. Wall Street banks are bullish on the outlook for copper prices through to the end of the year.

Organizations: Mopani Copper Mines, London Metal Exchange, Citi Locations: Mufulira, Zambia, New York, —

☆ Tuesday, April 9, 2024: Jim Cramer calls this chip holding 'sustainable and secular'
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: 1 min

Tuesday, April 9, 2024: Jim Cramer calls this chip holding 'sustainable and secular'Jim and Jeff discuss the latest AI chip from this tech stock. They also talk about how these chips can be a further tailwind for this chip stock. Finally, they discuss the latest headlines around this cybersecurity stock.

Persons: Jim Cramer, Jim, Jeff

☆ Wells Fargo's Chris Harvey says 'I don't feel bullish' — a day after hiking S&P year-end target to highest on Street
▼ + stars: | 2024-04-09 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +2 min

Wells Fargo Securities' Chris Harvey hiked his S & P 500 year-end price target by about 20% this week. Harvey, who once referred to himself during a CNBC interview as " not a real positive guy ," raised his official 2024 S & P 500 target to 5,535 on Monday. That's good for growth. That's good for momentum, and it's good for large caps," Harvey added. Harvey's S & P 500 2023 year-end target was 4,420.

Persons: Chris Harvey, Harvey Organizations: Wells Fargo Securities, CNBC, Labor Department Locations: Wells Fargo

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Netflix, Cisco, Alphabet, American Eagle & more
▼ + stars: | 2024-04-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Barclays downgrades American Express to equal weight from overweight Barclays sees "limited upside" on valuation for the stock. Compass Point downgrades Wells Fargo to neutral from buy Compass sees a more balanced risk/reward for shares of Wells Fargo. Bank of America reiterates Apple as buy Bank of America says its survey checks show App Store growth increasing. Bank of America upgrades Ally Financial to buy from neutral Bank of America said the bank holding company has "credit leverage." Bank of America initiates Frontier a buy Bank of America said the wirelines and cable telecom company has "meaningful potential to outperform."

Persons: Morgan Stanley, Raymond James, Goldman Sachs, Tesla, Goldman, Wells, Wells Fargo, Jefferies, MNDY, Rosenblatt, TeraWulf, TD Cowen, William Blair, Cowen, it's, Wolfe, KBW, DA Davidson, Davidson Organizations: Cisco, Colgate Energy, Resource, Bank of America, Infosys, of America, Barclays downgrades, Express, Barclays, BMO, Realty Trust, Compass, LPL, Nasdaq, Jefferies, RBC, Molson Coors, TAP, Distributors, Google, GE Aerospace, GE, General Electric Company, Apple, Netflix, Frontier Communications, JPMorgan, Eagle Outfitters, Technologies, Steel, Japan's Nippon Steel, Nippon Steel, GOP, Trump, Nvidia Locations: Midland , Texas, Wells Fargo, Freeport, Pittsburgh

☆ The linear TV advertising market is not coming back, analyst says
▼ + stars: | 2024-04-09 | 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 EmailThe linear TV advertising market is not coming back, analyst saysRobert Fishman, senior research analyst at MoffettNathanson, says "in fact, this is not just a cyclical decline, it's actually a secular decline."

Persons: Robert Fishman

☆ Here are RBC's favorite stocks as the second quarter gets underway
▼ + stars: | 2024-04-09 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

RBC Capital Markets has refreshed its top stock picks for the second quarter, adding a few new names that could be poised to rise. To that end, RBC made updates for the second quarter to its list of top 30 global ideas, which includes "high-conviction, long-term" stock picks. Fintech firm PayPal is a new addition to the RBC list for 2024. GFL Environmental is also a new addition to the RBC list, and the waste management stock has climbed 2.5% in 2024. GFL YTD mountain GFL Environmental stock.

Persons: Graeme Pearson, Daniel R, Perlin, GFL, Sabahat Khan, Khan Organizations: RBC Capital Markets, RBC, PayPal, Mastercard

☆ A buying opportunity in uranium stocks has emerged as volatility in the space increases, charts show
▼ + stars: | 2024-04-08 | by ( Katie Stockton | ) www.cnbc.com time to read: +2 min

Uranium stocks outperformed the broader equity market in 2023, with the Global X Uranium ETF (URA) gaining nearly 38% for the year. We think the recent volatility in uranium stocks presents an opportunity to take advantage of their cyclical uptrend. This applies to the Sprott Uranium Miners ETF (URNM) as well, which completed a basing phase (i.e., the "cup") last November that we featured on X . A breakout above $31.30 would complete URA's cup-and-handle pattern in a long-term bullish development, supporting its cyclical and secular uptrend. URA is the largest uranium ETF, with $3.2 billion in assets, and it has a reasonable expense ratio (0.69%).

Persons: URA, Cameco Organizations: Uranium, Uranium Miners Locations: URA

☆ 'Big Short' investor Steve Eisman details the 4 themes that have him betting on a turbocharged infrastructure boom instead of chasing AI hype
▼ + stars: | 2024-04-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview2008's housing crash might be long over, but Steve Eisman is not done looking for the next big macro trade. The investor — famous for his subprime mortgage bet, as documented in "The Big Short" — is now eyeing infrastructure as biggest winner of today's conditions. "You take all four of those boxes, and you turbocharge them by the fact that the United States has not had an industrial policy in anyone's lifetime," Eisman said. While Eisman believes in AI and infrastructure, he has no faith in crypto's potential, he said.

Persons: —, Steve Eisman, Eisman, Neuberger Berman —, they've, Eaton, United States — everybody's Organizations: Service, Business, JPMorgan, Apple Locations: United States

☆ Buy these 5 tech stocks with upside, including these AI beneficiaries, analysts say
▼ + stars: | 2024-04-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

CNBC Pro combed through Wall Street research to find tech stocks to buy as the second quarter gets underway. They include Microsoft, Amazon, Pinterest, Alphabet and Nvidia. Alphabet Alphabet is lagging a number of its Big Tech peers, but the search giant is worth buying, according to Bank of America. Alphabet - Bank of America, buy rating "In 1Q'24, Alphabet stock has underperformed broader markets and peers. Microsoft - Jefferies, buy rating "While material revs are unlikely until late '24 into '25 and with Semis outperforming Software, investors should start positioning now.

Persons: OpenAI, Jefferies, Brent Thill, Thill, Justin Post, Mark Mahaney, Pinterest, Mahaney, Wells Fargo, …, GOOGL Organizations: Wall Street, CNBC, Microsoft, Nvidia, Big Tech, Bank of America, Post, Amazon, Jefferies, outperforming Software, ISI, Mizuho Locations: OpenAI, Wells, North America, China

☆ 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

☆ Israel may have just hit a turning point in its war on Gaza — but not for the reason you think
▼ + stars: | 2024-04-05 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +5 min

Mass protests are taking place in Israel, and even its closest global allies are turning critical. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Instead, it's demonstrations by Israel's ultra-Orthodox Jews, fearful of mandatory conscription that they have long avoided, who may pose the biggest risk to Netanyahu's already fragile grip on power. AdvertisementTo prevent his downfall, and continue Israel's course in Gaza, Netanyahu has only one job: keeping his far-right coalition government intact. A Netanyahu ouster would undoubtedly have huge consequences for Israel's operations in Gaza and could prove more decisive than any outside intervention.

Persons: —, Benjamin Netanyahu, it's, Netanyahu, He's, Joe Biden, Antony Blinken, they've, Yoav Gallant, Benny Gantz, Gantz Organizations: Service, Israel's, Israel Democracy Institute, Israel Defense Forces, IDF, Yeshiva, Justice, Netanyahu's Likud Locations: Israel, Gaza, Jerusalem, Tel Aviv, Netanyahu's

Other analysts saw upside for Coinbase and DoorDash along with Meta Platforms, as the social network builds advertising market share. The firm initiated coverage of DoorDash stock with a buy rating and a $165 per share price target. The analyst reiterated his overweight rating on Tesla stock but lowered his price target slightly to $310 per share from $320. The firm reiterated a buy rating on Meta stock and raised its price target to $585 per share from $550 on Thursday. Meta stock has surged more than 43% in 2024.

Persons: Morgan Stanley, Pamela Kaufman, Kaufman, — Jesse Pound, Mark Zgutowicz, — Brian Evans, Oliver Wintermantel, Wintermantel, Brian Evans, Morgan Stanley's Adam Jonas, Morgan Stanley's, Adam Jonas, Tesla's, Jonas, Tesla, — Brian Evans TSLA, Oppenheimer, Coinbase, Owen Lau, Jefferies, Brent Thill, outgrow Amazon's, Meta, Thill, Erika Najarian, Najarian, BofA's Organizations: CNBC, Jefferies, Bank of America, UBS, Big Four, Meta, Hershey, ISI, Tesla Network, 2Q, Amazon, UBS downgrades Bank of America Locations: Big Four U.S, Hershey, cryptocurrency, Wednesday's, 2H24

☆ Here are Tuesday's biggest analyst calls: Nvidia, Meta, Boeing, Eli Lilly, Disney, Coca-Cola, Grindr & more
▼ + stars: | 2024-04-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Tuesday's biggest calls on Wall Street: Oppenheimer reiterates Nvidia as outperform Oppenheimer said it's sticking with its outperform rating on shares of Nvidia. Citi reiterates Eli Lilly as buy Citi said the biopharma company is "riding the GLP-1 rocket." Citi downgrades Clorox to neutral from buy Citi said that the bullish thesis for the stock has largely played out for now. Citi upgrades Estee Lauder to buy from neutral Citi said it sees a "topline inflection point" for the stock. Barclays upgrades Array Technologies to overweight from equal weight Barclays said it sees share gains for the solar company.

Persons: Oppenheimer, McCormick, Argus, Needham, it's, Nelson Peltz, Melius, Horton, Citi, Eli Lilly, Estee Lauder, ARRY, JMP, Piper Sandler, Piper, Nio, CFRA, Goldman Sachs, Goldman, Blackstone, Petco Organizations: Nvidia, JPMorgan, Disney, Boeing, Citi, Coca, MTH, RBC, GE Vernova, General Electric, Bank of America, Meta, Travel, Barclays, Eaton, MI, Olema Pharmaceuticals, UBS, Bank of, of America Locations: underperform, LEN, DHI, Asia, Eaton, 4Q23

☆ Wall Street firm forecasts more upside for 2 portfolio industrial stocks and upgrades another. Where we stand
▼ + stars: | 2024-04-02 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

A Wall Street firm on Tuesday struck a favorable chord on a trio of industrial holdings, reaffirming the Club's forecast for upside in shares of Stanley Black & Decker and Honeywell International . In light of the upbeat Barclays note, here's a closer look at where analysts and the Club stand on Eaton, Stanley Black & Decker and Honeywell. Barclays argued the worst is likely behind Stanley Black & Decker's crucial tools business, which is in the midst of 11 consecutive quarters of volume declines. Our price target on the stock is $110 per share, which we set after its quarterly earnings results in August. The Club reaffirmed our buy-equivalent 1 rating and price target after the company's Feb. 1 quarterly earnings release .

Persons: Stanley Black, Decker, Eaton, here's, Jim Cramer, … Eaton, We've, Jim, Vimal Kapur, Kapur, Jim Cramer's, Daniel Barry Organizations: Stanley, Honeywell International, Barclays, Honeywell, Eaton, Bloomberg News, CNBC, Bloomberg, Getty Locations: Eaton, Tuesday's, SWK, Morristown , New Jersey

☆ Turkey’s main opposition party wins major cities in elections blow to Erdogan
▼ + stars: | 2024-04-01 | by ( Scott Mclean | Mohammed Tawfeeq | ) edition.cnn.com time to read: +3 min

Istanbul CNN —Turkey’s local elections on Sunday marked a major defeat for President Recep Tayyip Erdogan and his ruling Justice and Development (AK) Party, as the main opposition party claimed victory in key cities including Istanbul and Ankara. After his presidential victory, Erdogan had his sights on reclaiming cities lost to the opposition in 2019. Preliminary official results showed the opposition Republican People’s Party (CHP) had won 49 out of 81 municipalities including 14 out of 30 urban areas in the country, Turkey’s High Electoral Council said. The AK Party lost 10 Istanbul districts to rivals in the latest election. “Unfortunately, we could not get the result we wanted and hoped for in the local election test,” Erdogan said in a speech delivered Monday at AK Party headquarters in Ankara.

Persons: Recep Tayyip Erdogan, Erdogan, Kemal Kilicdaroglu, Ekrem, Mansur Yavas, Tugay, ” Imamoglu, ”, Beyoglu, ” Erdogan Organizations: Istanbul CNN —, Development, Party, Republican People’s Party, Electoral, CHP, TRT, Nationwide, “, Erdogan, Welfare Party, AK Party –, AK Party Locations: Istanbul, Ankara, Turkey, Izmir, “ Istanbul, Sunday’s

☆ Top Wall Street analysts pick these 3 stocks for attractive returns
▼ + stars: | 2024-03-31 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Wall Street analysts are ignoring the short-term noise and remain focused on companies that have strong fundamentals and can generate attractive returns in the long run. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Micron TechnologyThis week's first stock pick is memory chipmaker Micron Technology (MU), which impressed investors with its strong quarterly performance. Bolton noted that Micron's HBM3E memory solution generated revenue in the fiscal second quarter and has already sold out for calendar year 2024. He highlighted management's commentary about generating several hundred million dollars of revenue from HBM3E in fiscal 2024 and driving fiscal 2025 revenue to record highs.

Persons: Needham, Quinn Bolton, Bolton, TipRanks, LULU, Robert Drbul, Drbul, Christopher Rolland, Rolland Organizations: Wall Street, Micron, Micron Technology, MU, Bolton, Broadcom, Susquehanna, Symantec, VMware Locations: Santa Monica, United States, U.S

☆ Why investors should check the outstanding share count before buying a stock
▼ + stars: | 2024-03-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

But what if I told you this group shrunk its share count dramatically since 2019? The numbers tell the story: Lennar now has 276 million shares outstanding, down from 318 million five years ago. Other than Toll, most of the homebuilder management teams do not emphasize this fundamental change in share count. Management has been buying hand over fist since 2019, shrinking the share count to 215 million from 264 million. My rather unassailable conclusion is pretty simple: Check the share count before you buy a stock.

Persons: PulteGroup, DR Horton, —, Douglas Yearley hadn't, homebuilders, Jim Umpleby, Eaton, Dow, Cummins, Elliott, Marc Benioff, Colette Kress, Williams, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Federal Reserve, DR, Management, Dick's, Goods, Abercrombie, Fitch, Williams, Walmart, Caterpillar, DuPont, Marathon Petroleum, Elliott Management, Valero Energy, Pacific, Norfolk Southern, CSX, Apple, Microsoft, NFL, Jim Cramer's Charitable, CNBC Locations: tatters, California, Sonoma, America, Williams Sonoma, San Marcos , California

☆ Dispute Over Conscription for Ultra-Orthodox Jews Presents New Threat to Netanyahu
▼ + stars: | 2024-03-30 | by ( Patrick Kingsley | Johnatan Reiss | ) www.nytimes.com time to read: +1 min

Prime Minister Benjamin Netanyahu is facing his most challenging political threat since the start of the Gaza war because of a disagreement among members of his coalition about whether ultra-Orthodox Jews should retain their longstanding exemption from military service. An unwieldy right-wing alliance of secular and ultra-Orthodox lawmakers, the coalition’s members are divided about whether the state should continue to allow young ultra-Orthodox men to study at religious seminaries instead of serving in the military, as most other Jewish Israelis do. If the government abolishes the exemption, it risks a walkout from the ultra-Orthodox lawmakers; if it lets the exemption stand, the secular members could withdraw. Criticized by many Israelis for presiding over the October disaster, Mr. Netanyahu is trailing in the polls and faces growing calls to resign. The end of the coalition would most likely lead to new elections, and polling suggests that Mr. Netanyahu would not win.

Persons: Benjamin Netanyahu, Netanyahu, Mr Locations: Gaza, Israel, Hamas’s

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