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☆ The pros and cons for investors of nonstop trading as NYSE looks to go 22 hours a day
▼ + stars: | 2024-10-28 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

"Core" trading hours for both the NYSE floor and NYSE Arca are 9:30 a.m. to 4:00 p.m. Nasdaq , which has current trading hours similar to the NYSE, declined to comment on the NYSE announcement and declined to say whether it would match the NYSE's proposal to expand trading hours. Is there demand for after hours trading? "In addition, there are retail traders in the U.S. who want to trade at night. Many retail traders work during the day, they come home and want to trade beyond the 8 p.m. cutoff for trading."

Persons: Michael M, NYSA, Kevin Tyrrell, Tyrrell, Jim, Dmitri Galinov, Galinov, Spencer Platt, Dennis Kelleher, Kelleher, Benjamin L, Schiffrin, Jay Woods, Woods Organizations: ICE, New York Stock Exchange, Santiago, Getty, York Stock Exchange, Intercontinental Exchange, Big, NYSA Arca, NYSE, NYSE Arca, Nasdaq, CNBC, Security Traders Association, Exchange, SEC, Traders, Blue Ocean Technologies, Better, 24X, Freedom Capital Locations: New York City, U.S, South Korea, Japan, Europe

Meanwhile, Pivotal Research initiated coverage of Google-parent Alphabet with a buy rating and a price target that implied upside of nearly 30%. The investment firm upgraded the cleaning products maker to a buy rating from hold. Analyst Kaumil Gajrawala accompanied the move by raising his price target to $187 from $174. Simultaneously, the analyst set a new target price of $200, which is approximately 26% above Monday's close. Analyst Asiya Merchant maintained her price target of $37, which implies that shares of HP could rise 3%.

Persons: Goldman Sachs, Kaumil Gajrawala, Gajrawala, Clorox, Lisa Kailai Han, Jeffrey Wlodarczak, Wlodarczak, Zuckerberg, Raymond James, Adam Tindle, Tindle, Atlassian, Asiya Merchant, Merchant, Mark Delaney, Ford, Delaney, they've, GOOG, Kamala Harris, — Fred Imbert Organizations: CNBC, Ford Motor, Google, Jefferies, Meta, Citi, HP, HP Inc, Ford, EV, Ford Pro Locations: Monday's, China, Japan, EBIT

☆ There's a 12% correction looming for the stock market by the end of the year, Stifel says
▼ + stars: | 2024-09-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Stifel warns of a sharp stock market correction by year-end, with the S&P 500 potentially dropping 12%. "Our instruments tell us to expect an S&P 500 correction to the very low 5,000s by 4Q24," Bannister said. AdvertisementInvestors should prepare for a sharp and quick correction in the stock market before the end of the year, according to Stifel. In a note on Thursday, chief equity strategist Barry Bannister of Stifel warned that the S&P 500 could trade 12% lower in the fourth quarter. "Our instruments tell us to expect an S&P 500 correction to the very low 5,000s by 4Q24," Bannister said.

Persons: Stifel, Barry Bannister, Bannister, — Organizations: Service

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Persons: It's, you'll, You'll, Cardholders, Chase, Marriott, There's, you've, Hertz, —, Ronald McDonald Organizations: Business, Rewards, Southwest Airlines, Southwest Rapid, Rapid, Southwest, Business Credit, eBay, Rapid Rewards, Southwest ®, FDIC, Southwest Airlines ®, Card, Business Credit Card, Southwest Premier, Performance, Chase Sapphire Reserve, Club, Southwest —, Radisson, Marriott, Hyatt, Southwest Hotels, Best, Hotels & Resorts, Choice, Marriott Bonvoy, MGM Resorts International, MGM Resorts, Hertz, Apple, Old Navy, Dartington Crystal, Emergency, Reliant, Central America, Francisco, Chicago, Fort Lauderdale, Student Conservation Association, Ronald McDonald House Charities, Polaris, United Negro College Fund, Hispanic Heritage Foundation Locations: United States, U.S, Mexico, Belize, Costa Rica, Aruba, Cuba, Puerto Rico, Jamaica, Cayman Islands, Turks, Caicos, Dominican Republic, Southwest, rideshare, Southwest airfare, Rocketmiles, Alamo, Avis, Pennsylvania , New Jersey , Maryland , Massachusetts, Illinois, Texas, Caribbean, Central, New York, Los Angeles, Honolulu , Hawaii, Baltimore, Cabos, Denver, Liberia, Nassau, Bahamas

☆ Here are Monday's biggest analyst calls: Nvidia, Amazon, Apple, Tesla, Dell, Micron & more
▼ + stars: | 2024-05-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Melius reiterates Apple as buy Melius said it sees several positive catalysts ahead for Apple. Bernstein reiterates Dell as outperform Bernstein raised its price target on the stock to $155 per share from $120. Goldman Sachs reiterates Amazon as buy Goldman said it's standing by its top pick status on shares of Amazon. " Barclays reiterates Nvidia as overweight Barclays raised its price target on Nvidia to $1,100 from $850. Morgan Stanley upgrades Micron to equal weight from underweight Morgan Stanley raised its price target on Micron to $130 per share from $98.

Persons: Melius, Bernstein, Dell, Stifel, Baird, Goldman Sachs, Goldman, –, Huntington Ingalls, it's, it's bullish, Redburn, Tesla, Morgan Stanley, Salesforce, Jefferies, Evercore, TJX Organizations: Apple, Developers, Citi, RIO, Nvidia, Barclays, Robotics, Group, Marex Group, Micron, Hasbro, U.S . Steel, UBS, Universal Health Services, JPMorgan, TJX Companies, SSS, Seaport, FedEx, US Locations: Tinto, America, Cleveland, China

☆ These stocks, including Nvidia, are still cheap and compelling, Bank of America says
▼ + stars: | 2024-05-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

The other buy-rated stocks are Raymond James Financial , S & P Global , Monster Beverage and Topgolf Callaway Brands. The analyst said he's bullish on each of Raymond James' individual businesses including asset management, capital markets and brokerage services. Further, Raymond James offers a steady stream of organic growth and a "cheap valuation," McLaughlin said. Raymond James is also in a place to take advantage of the current high rate environment, he added. Raymond James Financial "Reiterate Buy; cheap valuation + overlooked qualities.

Persons: Raymond James Financial, Raymond James, Mark McLaughlin, he's, RJF, McLaughlin, Peter Galbo, Galbo, MNST, Topgolf, Alexander Perry, Topgolf Callaway, Perry, … MODG Organizations: of America, Nvidia, CNBC, Bank of, P, Monster Beverage, Topgolf Callaway Brands, Raymond James Financial, Beverage, …, IHS Locations: comps, Topgolf

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Robinhood, Salesforce, Netflix, Roblox, Chevron, Walmart & more
▼ + stars: | 2024-05-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Nvidia as buy Bank of America said top pick Nvidia remains "compelling" heading into earnings next week. Bank of America reiterates Marvell as buy Bank of America said it's sticking with its buy rating heading into earnings later this month. " Citi reiterates Walmart as a top pick Citi said the stock remains a top pick following earnings. Chevron Corp. (CVX): Reiterate Constructive View on Inﬂecting FCF Generation and Relative Valuation; Buy with 13% Total Return." "Near-term caution is offset by our increasingly bullish medium-term outlook, where CRM is well positioned for GenAI & valuation remains undemanding."

Persons: Marvell, Roth, Ree, Roth MKM, it's, REE, Wells, Oppenheimer, Reddit, Goldman Sachs, Tesla, Goldman, BTIG, Baird, Jefferies, Morgan Stanley, Baidu, Wolfe, UAL, Cantor Fitzgerald, Cantor, Price, Stifel, Salesforce Organizations: Bank of America, Nvidia, Ree Automotive, EV, Netflix, Citi, OpenAI, Google, Walmart, Darden, Jefferies, DuPont, Macquarie, Stock, underperform Bank of America, Chevron, Chevron Corp, JPMorgan, Body, United Airlines, Price Target, Health, Base Locations: Thu, Olive, China, United, Underperform

☆ Not all dividend strategies are the same. How to choose the best one for you
▼ + stars: | 2024-04-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

She considers herself a dividend income investor, looking for names that provide a healthy payout for her clients. Her portfolio typically generates a 5% dividend yield or better. Honeywell has a 6% five-year annual dividend growth rate, he said. Lastly, CME Group not only has a 2.2% dividend yield, it tends to pay a special dividend once a year that's posted strong growth, he said. CME has five-year annual dividend growth of 15%, and a flawless balance sheet, he said.

Persons: Jenny Harrington, Kevin Simpson, Harrington, Simpson, Stocks, Kinder Morgan, Richard Kinder Organizations: Asset Management, Wealth, Merck, Verizon, SEC, Companies, Honeywell International, CME Group, Honeywell, Boeing, Group Locations: United States

Raymond James raised its price target on Nvidia to $1,100, noting revenue momentum will stay strong. On a more sour note, Bank of America lowered its price target on Boeing to $190, citing risks around the company's ongoing safety issues. He raised his price target by $30 to $160, which suggests more than 25% potential upside for shares. Analyst Bryan Bergin initiated coverage of Mastercard with a buy rating and $545 price target, which indicates 16.2% potential upside. — Pia Singh 5:50 a.m.: Bank of America cuts Boeing price target Boeing's latest troubles made Bank of America even more skeptical on the stock's prospects.

Persons: Raymond James, Berenberg, Andres Castanos, Mollor, — Pia Singh, Bernstein, Johnson, Callum Elliott, Kenvue, Elliott, Lorraine Hutchinson, Hutchinson, Nike's, TD Cowen, Bryan Bergin, Bergin, Blackwell, Srini Pajjuri, Ronald Epstein, Dave Calhoun, Epstein, Fred Imbert Organizations: CNBC, Nvidia, Bank of America, Boeing, Johnson, Nike, Mastercard, Visa, of America, New York Times Locations: Albemarle, underperform, China, Europe, Asia

☆ 3 ways to evaluate a company's debt level to help judge the risk of buying its stock
▼ + stars: | 2023-11-12 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

But what if I then told you that John also only has $50,000 cash in the bank whereas Jane has $2 million cash in the bank? Debt to equity The ratio compares the level of a company's debt on its sheet to the amount of equity. For example, if a company has assets worth $3 million and liabilities worth $1 million, shareholder equity equals $2 million ($3 million – $1 million) and debt to equity equals 0.5x ($1 million / $2 million). Debt service coverage ratio Since we just mentioned the importance of being able to service debt, let's consider a ratio that provides insight into that, the debt service coverage ratio. To do this, we use a metric such as operating income and compare it to the company's debt service requirement, meaning all principal and interest payments due in the next year.

Persons: Jim Cramer, Gail, John, Jane, let's, Eli Lilly, it's, Lilly, Cramer's, Jim Organizations: Procter, Gamble, Honeywell, Cramer's Charitable, CNBC

☆ US companies' debt cushion smallest since Q1 2021 :BofA
▼ + stars: | 2023-11-08 | by ( Matt Tracy | ) www.reuters.com time to read: +2 min

Coverage ratios hit their lowest since the first quarter of 2021, when companies in many sectors struggled with pandemic-related supply cost increases and weak demand. Median year-over-year earnings growth jumped 4.2% in the third quarter, from 0.6% in the second quarter, according to BofA Global. The median cost of debt increased to 3.77% in the third quarter from the second quarter - its highest since the fourth quarter of 2018. Companies' gross debt was little changed, but net debt growth turned negative for the first time since the third quarter of 2021. "(Investment-grade) issuers continued to manage their balance sheets conservatively in 3Q," wrote Yuri Seliger, credit strategist at BofA Global.

Persons: Carlo Allegri, Yuri Seliger, Matt Tracy, Chizu Organizations: New York Stock, REUTERS, BofA Global Research, BofA Global, Companies, BofA, Thomson Locations: Manhattan, New York City , New York, U.S, 11.24x

☆ Wolfe Research downgrades Netflix, says streaming giant's growth forecasts raise concerns
▼ + stars: | 2023-10-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Netflix 's valuation may not be able to withstand falling growth expectations, according to Wolfe Research. Analyst Peter Supino downgraded the streaming service to peer perform from outperform. However, he said he has growing concerns about the company's 2024-2025 growth forecasts. "If future growth falls short, we doubt that NFLX's 50% P/E and 70% EV/EBITDA premium to the S & P would hold up," Supino said in a Friday note. "At today's valuation, Netflix needs to show a virtuous cycle of content, engagement, subs & pricing for shares to appreciate.

Persons: Peter Supino, Supino, Spencer Neumann, — Michael Bloom Organizations: Netflix, Wolfe Research, CY23E

☆ Goldman Sachs says the Magnificent 7 are the cheapest they've been in 6 years — and an upcoming catalyst could help push shares another 20% higher from today's prices
▼ + stars: | 2023-10-06 | by ( Mark Reeth | ) www.businessinsider.com time to read: +7 min

A magnificent time to buy the dipHigher bond yields hurt the Magnificent Seven's shares, Kostin said, simultaneously sending their valuations lower. "The recent upgrade to consensus estimates in part reflects the largest tech stocks growing into their elevated P/E multiples – especially NVDA and AMZN." "History suggests the upcoming earnings season is a potential catalyst for the largest tech stocks," he wrote. And for investors worried about price, Kostin has good news: shares of the Magnificent Seven stocks are the cheapest they've been in six years. Goldman SachsWith higher sales and higher earnings expectations powering shares skywards, Kostin believes that shares of the Magnificent Seven could enjoy shockingly strong appreciation from today's prices.

Persons: Goldman Sachs, Tesla, David Kostin, Kostin Organizations: Nvidia, Apple, Microsoft, Meta, Treasury

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Dick's, Ulta, Bowlero, Carnival & more
▼ + stars: | 2023-03-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Tuesday's biggest calls on Wall Street: Barclays reiterates Apple as equal weight Barclays said Apple advertising on its own apps is very underappreciated. Bank of America upgrades Paramount to buy from neutral Bank of America said the media company has a "unique collection of assets." Bank of America downgrades Fox to neutral from buy Bank of America said it sees a lack of near-term catalysts for Fox . Wells Fargo upgrades Carnival to equal weight from underweight Wells said it sees a more balanced risk/reward for the cruise operator. Morgan Stanley reiterates Dick's as overweight Morgan Stanley said shares of Dick's are undervalued. "

☆ A renowned market bear who called the dot-com crash warns stock valuations are at 'nosebleed' levels — and suggests that tech stocks could be the market's 'Achilles' heel'
▼ + stars: | 2023-02-24 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

Societe Generale's Albert Edwards warns stock valuations are at 'nosebleed' levels. Historically, when yields are low, higher stock valuations are accepted as investors seek yield. But currently high yields in the Treasury market mean stock valuations, on a historical basis, should be lower. Societe GeneraleEdwards said the drop in long-term growth expectations could be assigned to a deteriorating outlook for tech stocks. Societe Generale"An expensive US CAPE ratio has long been justified by the US market's far higher weighting in tech," he said.

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☆ Résumé of George Santos
▼ + stars: | 2023-01-11 | by ( ) www.nytimes.com time to read: +1 min

• 3X on sales growth within first 6 months from 450k to 1.4M. Goldman Sachs, GSAM Project Manager New York, NY • Private Real Estate institutional sales strategy development. Investors Relations Client development. Developed and managed new sales strategy for the department. • Developing sales strategies Evaluating risk on clients.

☆ TJX hits an all-time high as reason we own off-price retailer played out in the quarter
▼ + stars: | 2022-11-16 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Club holding TJX Companies (TJX) reported stronger-than-expected fiscal third-quarter 2023 earnings and U.S. sales before the opening bell Wednesday, boosting shares of the off-price retailer by nearly 4% to an all-time high. While U.S. customer traffic was down in the quarter, management noted that it improved sequentially and improved throughout the quarter. Speaking to the inventory glut at full-price retailers, TJX management said on their post-earnings call, "The marketplace is absolutely loaded with quality branded merchandise across good, better and best brands." That guide also represents a tightening around the $3.09 midpoint versus the $3.05 to $3.13 per share range provided with the prior quarter's release. This excludes new stores, stores closed permanently or closed for an extended period of time as well as e-commerce results.

☆ 'My hands were tied': Sam Bankman-Fried breaks his silence days after the dramatic collapse of his crypto exchange
▼ + stars: | 2022-11-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Sam Bankman-Fried broke his silence days after his crypto exchange FTX International imploded in spectacular fashion. Bankman-Fried attributed FTX's collapse to higher-than-expected leverage and a waterfall of withdrawals. I thought it was way lower," Bankman-Fried said in explaining how his estimates of FTX's leverage were off by so much. Bankman-Fried said FTX is spending the week "doing everything we can to raise liquidity." But I'm going to try," he vowed, adding that he is in talks with a number of players about letters of interest and term sheets.

☆ Here are Wednesday's biggest analyst calls of the day: AMC, Apple, Boeing, Amazon, Lyft, BJ's & more
▼ + stars: | 2022-10-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

UBS upgrades Norwegian to buy from hold UBS said it sees improved bookings for the cruise operator. Citi reiterates Apple as buy Citi said investor concerns about the company's upcoming earnings report later this month are overblown. " Credit Suisse initiates Boeing as underperform Credit Suisse said it's concerned Boeing has lost access to the China market. Bank of America reiterates Amazon as buy Bank of America said it still sees significant room for margin expansion for Amazon. Bank of America reiterates PayPal as buy Bank of America said PayPal is still a top pick and investors should buy the dip.

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