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☆ What's good for bitcoin might not necessarily be good for Coinbase, analysts say
▼ + stars: | 2023-08-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Many see the news as a strong signal that a U.S. bitcoin ETF will inevitably be green lit, which would help boost adoption of bitcoin. "If crypto trading transfers away from trading Coinbase directly and into ETFs (which, for many investors, might be the preferable way to get exposure), trading activity at Coinbase could decline further." Coinbase shares rallied nearly 15% Tuesday following the news, but the stock was down nearly 1% in trading Wednesday. "We believe a bitcoin ETF could increase competition and put pricing pressure on retail take rates. Plus, COIN's reliance on bitcoin revenue has only increased, from 31% of transaction revenue in 2Q22 to nearly 40% in 2Q23."

Persons: Bitcoin, —, Benjamin Budish, Coinbase, Mizuho, Dan Dolev, Dolev, Mark Palmer, Palmer, Michael Bloom Organizations: U.S . Securities, Exchange Commission, U.S ., Appeals, SEC, Barclays, ETF Locations: U.S, Bitcoin, 2Q22, 2Q23

☆ What layoffs? JPMorgan Chase is growing headcount in every division despite a dealmaking drought and possible economic slowdown.
▼ + stars: | 2023-07-14 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +5 min

Wall Street has suffered severe layoffs amid a dealmaking drought and shaky economic outlook. Headcount is up in every division, not including thousands of First Republic employees onboarded in July. Jobs have grown in every division despite the non-stop news about industry layoffs (think Goldman) and consolidation (think Credit Suisse). It has also cut about 40 high-paying investment banking jobs, and about 1,000 jobs from its home lending unit. The bank also beat Wall Street's expectations and has again become a challenger to Goldman Sachs' spot as No.

Persons: JPMorgan Chase, Jobs, Goldman, It's, headcount, Goldman Sachs, Morgan Stanley, May, JPM, Jamie Dimon, JPMorgan's, Jeremy Barnum Organizations: JPMorgan, First Republic, onboarded, Suisse, JPMorgan Headcount, Bank Division, Consumer, Community Bank, Investment Bank, Bank, Wealth Management, First, Republic, Wall, Credit Suisse, UBS, Reuters, Global, Basel III Locations: Louis , Missouri, First Republic, San Francisco, China, Ukraine, Basel

☆ Analysts say Netflix's password crackdown could reaccelerate growth, though concerns linger
▼ + stars: | 2023-04-19 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Netflix's mixed quarterly results had something for the bulls and the bears, as analysts weighed their outlook on the streaming service against a delay in the password sharing crackdown and lackluster guidance. Hodulik upgraded Netflix to buy from neutral, saying he expects growth will inflect with double-digit profit growth and rising free cash flow. What's more, he said restricting password sharing could become "meaningfully accretive" for Netflix as soon as the third quarter. Netflix turned to an ad-supported plan, and a password sharing crackdown, after reporting its first subscriber loss last year. He cited mixed subscriber growth, light guidance, and uncertainty around the delayed rollout in the password sharing crackdown.

☆ Buy these 16 oversold stocks that should become winners in a painful earnings season for markets, according to Wall Street firm Evercore
▼ + stars: | 2023-01-10 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

Julian Emanuel at Evercore says stocks performed very well over the last two quarters. However, he says oversold, steady-earning stocks could still trade higher after earnings. Investors won't walk away from 2022 with a lot of happy memories, but Julian Emanuel of Evercore ISI says there were two surprisingly positive periods for stocks in an otherwise difficult year. The reason, he wrote, is because investors thought things might get even worse, and stocks and bonds were both oversold as a result. But he doesn't think that will happen again, which means he thinks this earnings season will be harder to endure.

☆ Market expectations for a soft landing are growing after latest batch of economic reports
▼ + stars: | 2023-01-09 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

"This is the definition of a soft landing," Apollo Global's chief economist Torsten Slok said on CNBC's " Closing Bell " on Friday. The price hikes at Conagra were crazy. Those price hikes more than made up for higher costs. We may be reaching the limits of price hikes, however: Constellation Brands said consumers are pushing back against beer price hikes. If December's consumer price index, out Thursday, is benign (below the 6.5% year over year growth expected), the market could move even higher.

☆ Bank of America upgrades Merck, says pharma giant will outperform even as macro pressures mount
▼ + stars: | 2023-01-04 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Investors can expect further gains from Merck this year, Bank of America said. Analyst Geoff Meacham upgraded shares to buy from neutral, saying the pharmaceutical company will continue to outperform even as macro pressures mount in 2023. Merck's core business in Keytruda continued to show strong performance, and it has several strategies in place for the loss of exclusivity. Loss of exclusivity is the set amount of time a pharmaceutical company can legally develop, sell and market a treatment. Keytruda is expected to be greater than 45% of Merck's total revenue in 2025, according to the note.

☆ Few stores closed in 2022. UBS says get ready for that to change in 2023, starting with department stores
▼ + stars: | 2022-12-19 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +3 min

After a record number of store closures in 2020, retailers have shuttered far fewer doors over the last two years, but that may be about to change, especially for department stores, according to UBS. He also said that he believes the lack of store closures has made it harder for retailers to grow sales. Compares got tougher in 2Q22 as the industry lapped the big store closures. Our view is tough compares remain a reason Department Store sales will remain under pressure in the 1H23." Instead, he said, many store closures that would have occurred in 2021 or 2022 were accelerated by the pandemic.

☆ Piper Sandler says Coinbase may capitalize on FTX bankruptcy, sees shares more than doubling
▼ + stars: | 2022-12-02 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Piper Sandler is reaffirming its bullish outlook on Coinbase even amid chaos in the cryptocurrency space given the fallout at FTX. On the other hand, Robinhood reached profitability sooner than expected because of aggressive cost cutting, which Coinbase may want to consider, Repetto noted. Crypto winter contingency Still, signals point to the current crypto winter being near an ending point that could help boost Coinbase. "Using history as a guide and ignoring macroeconomic (interest rates), regulatory, geopolitical factors, we could be near a bottom in this crypto winter," said Repetto. And, if the crypto winter is not over soon, Piper Sandler noted that Coinbase CFO Alesia Haas said the company has contingency plans in place to weather the storm.

☆ 'Compelling' and 'attractive': These stocks are firing on all cylinders, JPMorgan says
▼ + stars: | 2022-11-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Analysts at JPMorgan said this week there's a whole host of stocks that they say are flying under the radar. CNBC Pro combed through top JPMorgan research to find some unique stocks that are just too compelling to ignore. At the same time, Allstate's low stock valuation is "compelling," with a "depressed multiple on depressed earnings." With visibility improving, now's the time to buy the stock, JPMorgan concluded. ... .Our positive view reflects an expected recovery in margins & ALL's compelling valuation.

☆ Wolfe Research says these unloved stocks are starting to show favorable signs heading into 2023
▼ + stars: | 2022-11-17 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A few stocks that were unloved this year look set to turn the page heading into 2023, according to Wolfe Research. Wolfe Research searched for unloved names with buy ratings from less than 40% of analysts covering them. According to Wolfe Research, Carnival is expected to accelerate earnings by 647%. Pinterest has low short interest, just 5.5%, according to Wolfe Research. Regardless, the airline company has a high 2Q22 earnings quality score of 96, and it's forecasted to accelerate earnings by 17%, according to Wolfe Research.

☆ Wall Street absolutely loves this retailer, poised to benefit from the industry's inventory issues
▼ + stars: | 2022-11-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The off-price retailer beat earnings expectations on Wednesday, reporting third-quarter earnings-per-share of 86 cents versus a StreetAccount estimate of 80 cents. Revenue, however, came in lower than expected, at $12.17 billion compared to the $12.3 billion expected by Wall Street. The glut of inventory in the retail space has helped lift TJX 's earnings, CEO Ernie Herrman said on the earnings conference call Wednesday. TJX's comparable-store sales were driven by the excellent performance of Marmaxx, particularly its apparel business, the company said. U.S. Marmaxx sales, which includes T.J. Maxx and Marshalls brand stores, rose 3%in the third quarter, while TJX's HomeGoods' comparable-store sales sank 16%.

☆ South Korea's economy likely ground to near halt in Q3
▼ + stars: | 2022-10-25 | by ( Devayani Sathyan | ) www.reuters.com time to read: +2 min

The export-led economy was expected to have expanded a seasonally-adjusted 0.1% last quarter, according to the median forecast of 21 economists, a sharp slowdown from the 0.7% quarterly growth in April-June. Three economists forecast an outright contraction and two expected the economy to flatline. "GDP growth is likely to have been slower in 3Q22 compared with 2Q22, mainly due to the slowdown in consumption. That, along with the Bank of Korea's (BOK) aggressive interest rate hikes to curb decade-high inflationary pressures, will weigh on the economy. According to a separate Reuters poll, growth is forecast to average 2.6% this year and ease to 1.9% next year.

☆ Wells Fargo says this IT services stock can rally more than 40% from here
▼ + stars: | 2022-10-17 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Cloudflare is poised for a big comeback going forward, according to Wells Fargo. Analyst Andrew Nowinski upgraded the stock to overweight from equal weight, raising his price target to $65 from $62. He also said that a sign of the company's future health could come during its earnings call early next month. He added that this is helping the stock long term, while also making a beneficial short term play through consolidation. "Cloudflare had the best overall results in our 3Q22 Reseller Survey and were +19% net positive (up from +13% in 2Q22).

☆ Here are Thursday's biggest analyst calls: Amazon, Eli Lilly, Bed Bath & Beyond, Nike, Exxon & more
▼ + stars: | 2022-09-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are the biggest calls on Wall Street on Thursday: UBS upgrades Eli Lilly to buy from neutral UBS says it's bullish on the company's weight loss drug and sees upside potential. Morgan Stanley reiterates Amazon as overweight Morgan Stanley says the company's fulfillment network is the next great catalyst for Amazon shares. "The cybersecurity industry comprises what we see as five main pillars: identity, endpoint security, data security, network security, and cloud security. Morgan Stanley reiterates Microsoft as overweight Morgan Stanley says it sees an attractive risk/reward after meeting with company management. Morgan Stanley reiterates Meta as overweight Morgan Stanley says that reports of Meta cutting costs could prove to be an earnings tailwind.

☆ Cowen says this plant-based food company is a top pick and can jump 50%
▼ + stars: | 2022-09-19 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Investors looking for exposure to the growing plant-based food space should look at SunOpta , according to Cowen. Specifically, the company's agnostic posture and capital execution is affording strong growth sight lines underappreciated by the market," Holland wrote in a Sunday note. "As such, the delta between SunOpta's prospects and its plant based compares grows wider," Holland wrote. The company is also adding a Texas facility that will add to capacity, according to the note. Cowen's $15 price target for SunOpta represents 55.9% upside from Friday's closing price of $9.62.

☆ Wall Street’s top analysts bet on these stocks as economic uncertainty increases
▼ + stars: | 2022-09-18 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

To that end, here are five stocks chosen by top Wall Street pros, according to TipRanks, a platform that ranks analysts based on their performance history. White has a track record of a 57% success rate on his ratings, each rating generating average returns of 11%. EQT CorporationThe growing demand for natural gas as an energy source is driving growth at EQT Corporation (EQT). (See Broadcom Stock Investors on TipRanks) The analyst believes that the acquisition will significantly drive Broadcom's earnings per share. 128 among around 8,000 analysts on TipRanks, Rakesh has had success with 57% of his ratings.

☆ Expect retail earnings from companies such as Walmart, Target to miss the mark, Morgan Stanley says
▼ + stars: | 2022-08-10 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

A slew of retail companies including Walmart, Home Depot and Lowe's post quarterly results next week, and Morgan Stanley is bracing for some rough reports. Given this backdrop, Greenberger expects weaker-than-expected earnings from companies across the board. "Yet as Q2 Mega Cap earnings approach, about half the companies in our coverage have already lowered their '22 outlooks. Morgan Stanley is bracing for potential downward guidance revisions from many companies including Walmart, Lowe's and Target. Target and Lowe's are set to report earnings Wednesday.

☆ These solar companies could beat expectations this earnings season, according to Goldman
▼ + stars: | 2022-07-23 | by ( Pippa Stevens | ) www.cnbc.com time to read: +3 min

Second-quarter earnings for solar companies kick off next week, and Goldman said two stocks in particular should be on investors' radar: Enphase Energy and SolarEdge . The firm said in a recent note to clients that both companies have the potential to beat quarterly estimates, while also raising guidance. Analysts led by Brian Lee said both companies, which make inverters for solar systems, are benefitting from strong demand in Europe, as well as demand for their energy storage products. Goldman has a $244 12-month target on the stock, which is 11% above where the stock closed on Thursday. On the other hand, Goldman is cautious on the panel suppliers, rating First Solar , JinkoSolar and Maxeon Solar as sells.

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