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6:59 a.m.: Citi raises AT & T price target A wave of improving outlook for telecommunications could benefit shares of AT & T , according to Citi. The firm upgraded the telecommunications company to neutral from sell and left its $350 per share price target unchanged. "Although our 2028 EPS is still c16% ahead of consensus, we now see less scope for earnings outperformance 2024/2025," the analyst added. The firm upgraded the home furnishings stock to buy from hold and increased its price target to $156 per share to $148. His price target of $105, down from $122, implies upside of just 8.7% from Tuesday's close.
Persons: Goldman Sachs, Morgan Stanley, Jefferies, Michael Rollins, Rollins, — Brian Evans, Graham Parry, Parry, Sonoma Jefferies, William, Jonathan Matuszewski, Matuszewski, Brian Evans, Goldman Sachs downgrades Morgan Stanley, Richard Ramsden, Ramsden, Fred Imbert Organizations: CNBC, Williams, Citi, AT, JV, Apple, Communications Citi, Communications, Charter Communications, Bank of America downgrades Novartis Bank of America, Novartis, William, Elm, Brands, WSM, Goldman Sachs downgrades Morgan Stanley Investors Locations: U.S, Sonoma, Swiss, William, Tuesday's
US Navy F/A-18E Super Hornets have arrived in Jordan, The War Zone reported. It comes as part of a US military build-up in the region ahead of potential Iranian attacks on Israel. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS Navy F/A-18E Super Hornets have arrived in Jordan ahead of potential Iranian attacks on Israel, The War Zone reported.
Persons: Organizations: Hornets, Service, Strike Fighter Squadron, Base, AIM, Air Missiles, Business Locations: Jordan, Israel, Iran
Read previewThe US is sending Ukraine air-to-air missiles to go with the new F-16 fighter jets coming this summer from European partners, per a new report on armaments. AdvertisementPowerful air-to-air missilesThe AIM-120 is an all-weather, beyond-visual-range air-to-air missile with active radar for decreased dependence on the aircraft for intercepts. On the other missile Ukraine is receiving, the AIM-9X is a short-range air-to-air missile with an infrared seeker and is the newest variant in the Sidewinder family. The Russians are operating Su-35 and MiG-31 fighter jets that carry long-range air-to-air missiles like the R-37. With F-16s, Ukraine can potentially better use these weapons to degrade Russia's vaunted air-defense capabilities.
Persons: , Boris Roessler, it's, Gen, Oleksandr Syrskyi, George Calin, Netherlands —, Volodymyr Zelenskyy, James Hecker, Hecker Organizations: Service, AIM, Air Missile, 9X, Street, Business, Danish Air Force, Getty, Ukrainian Air Force, Eglin Air Force Base, US Air Force, Guardian, Center for Strategic, International Studies, Ukrainian Air, REUTERS Kyiv, Soviet, Mitchell Institute for Aerospace Studies, NATO Locations: Ukraine, Kyiv, Germany, Fla, Ukrainian, Soviet, Fetesti, Romania, Denmark, Norway, Belgium, Netherlands
The US is giving Ukraine a cache of advanced weapons with its F-16s, per The Wall Street Journal. The transfer includes advanced missiles and bombs, per the Journal. AdvertisementThe US is giving Ukraine advanced missiles and bombs to go with its F-16s, according to The Wall Street Journal. The transfer will include the AGM-88E Advanced Anti-Radiation Guided Missile, the Advanced Medium Range Air-to-Air Missile, and the AIM-9X Sidewinder, The Journal said on Tuesday. The cache was also said to include guidance kits for bombs, and the US-made Small Diameter Bomb.
Persons: Organizations: Street, Service, Wall Street, Missile, Air Missile, AIM, 9X, Business Locations: Ukraine
Read previewA US Navy fighter squadron that was recently attached to the aircraft carrier USS Dwight D. Eisenhower scored several historic firsts while flying combat missions against the Houthis. During its deployment, the fighter squadron — nicknamed the "Gunslingers" — racked up a number of firsts, the Navy revealed this month. AdvertisementSailors observe as an F/A-18E Super Hornet lands on the flight deck of the Eisenhower in the Red Sea on March 12. Related storiesThis fighter squadron was also the first to fire AGM-88 HARM missiles from an F/A-18E in combat. AdvertisementAn F/A-18E Super Hornet launches from the flight deck of the Eisenhower in the Red Sea on April 9.
Persons: , Dwight D, Eisenhower, Ike, Truman, Travis Amerine Organizations: Service, US Navy, Strike Fighter Squadron, Business, Hornet, Navy, US, VFA, AIM, 9X, EA, Eisenhower Carrier Strike Locations: Gulf, Aden, Iran, Yemen, Virginia
These names must offer a dividend yield of at least 3%. The oil and gas company is rated buy or overweight by 83.4% of the analysts covering it, and offers a dividend yield of 4.2%. The stock is up close to 18% this year, and offers a 3% dividend yield. Nearly 74% of analysts rate Patterson-UTI buy or overweight, and consensus price targets suggest 43% upside. Shares are off nearly 8% in 2024, and the stock has a dividend yield of 3.2%.
Persons: Russell, Roth MKM, Piper Sandler, Luke Lemoine, Patterson, Stephen Gengaro, , Fred Imbert Organizations: Investors, Big Tech, Nvidia, Meta, Nasdaq, Federal, CNBC, New York Stock Exchange, Wall, Oil, Gas, Northern Oil's, SM Energy, Xcel, Northern Oil, Energy Solutions, Street, Atlas Energy, UTI Energy Locations: Uinta, Xcel Resources
Elite membership tiersAmerican Airlines has four tiers of elite membership: AAdvantage Gold, AAdvantage Platinum, AAdvantage Platinum Pro, and AAdvantage Executive Platinum. You can earn Loyalty Points from flying on American Airlines, using a co-branded American Airlines credit card, or traveling with American Airlines partners. Earn miles with Barclays and Citi AAdvantage credit cardsThe easiest and quickest way to rack up American Airlines miles is by using an American Airlines AAdvantage credit card. American Airlines AAdvantage® MileUp®While not as lucrative as some of the other available American Airlines credit cards, at least the American Airlines AAdvantage® MileUp® doesn't charge an annual fee. American Airlines customers earn AAdvantage miles by flying with American Airlines or partner airlines, using AAdvantage co-branded credit cards, and participating in shopping and dining programs.
Persons: AAdvantage, , Cardholders, gunning, Silver, That's, American Airlines Miles Worth, you'll Organizations: Business Insider, Citi, Mastercard, Citi ®, American Airlines, Japan Airlines, Read, Airlines, oneworld, Barclays, Pro, American, AAdvantage, American Airlines Admirals Club, CitiBusiness, AA, American Airlines oneworld, Alaska Airlines British Airways Cathay, Iberia Japan Airlines Malaysia Airlines Qantas Qatar Airways Royal Air Maroc Royal Jordanian Airlines S7 Airlines American Airlines, Air, Cape Air China Southern Airlines Etihad Airways Fiji Airways GOL Airlines Hawaiian Airlines, Virgin, British Airways, Etihad, Nike, Hyatt, Marriott Bonvoy, Marriott, Hyatt and American Airlines, Booking American Airlines, Qantas, Cathay Pacific, Qatar Airways, Cathay, British, Eagle, Admirals Club, Oneworld Locations: AAdvantage, Alaska, Cathay, Iberia, Cape Air, Canada, Hawaii, Europe, North America, Asia, Australia, East, Africa, Cathay Pacific, U.S, Hong Kong, Japan, China, South Korea, New Zealand, Chevron
You can quickly earn United miles with excellent credit cards like the United℠ Explorer Card. Fly on United Airlines and alliance partnersFlying with the airline is the most obvious way to earn United miles. You can also use United MileagePlus miles on a number of airline partners, or choose to earn United miles when flying with airline partners. United Miles Frequently Asked QuestionsHow can I earn MileagePlus miles without flying? You can earn miles through MileagePlus Dining and MileagePlus Shopping, as well as spending on United co-branded credit cards.
Persons: you'll, Platinums, Chase, MileagePlus, You'll, Chase Travel ℠, you’re, Bilt, Experian, TransUnion ™, Equifax, Uber, Miles, Read, There's, United stealthily, Silver, They're, Organizations: Business, Club, United, Lufthansa, Air Canada, Read, United MileagePlus, United Airlines, United Express, Silver, Premier Golds, Star Alliance, Air, SAS, Singapore Airlines, United Cruises, MileagePlus, United ®, United Club, FDIC, , Card, Card United, Chase Travel, Chase, Sapphire, Hotel, Target, Walmart, Chase Sapphire, TSA, Chase Dining, Sapphire Reserve, Ink, Mastercard, Alliance, Polaris, carrier's Star Alliance, Broadway, Qualifying, Marriott, Premier Gold United, Premier, 1K, Airlines, Star Alliance — Locations: Air Canada, airfare, Canada, United, Chase TravelSM, United.com, skyrocket, Europe, Asia, Chevron
World of Hyatt Business Credit Card OverviewThe World of Hyatt Business Credit Card is a good choice for small-business owners who stay with Hyatt frequently and can make use of enough card benefits to justify the annual fee. Hyatt Business Credit Card Benefits and FeaturesThe World of Hyatt Business Credit Card comes with perks that are most useful if you (or your employees) stay with Hyatt often. World of Hyatt Business Credit Card Annual Fee and Other CostsThe World of Hyatt Business Credit Card comes with a $199 annual fee. Compare the World of Hyatt Business Credit CardWorld of Hyatt Business Card vs. the World of Hyatt Credit CardIf the big-spending perks on the World of Hyatt Business Credit Card don't fit your travel and spending habits or if you don't have paid stays to take advantage of the annual Hyatt credits, you'll like be better off with the personal version of the card — The World Of Hyatt Credit Card. World of Hyatt Business Credit Card Frequently Asked QuestionsWho is eligible for the World of Hyatt Business card?
Persons: cardholders, Hyatt, it's, you'll, you've Organizations: Hyatt Business, Hyatt, Hyatt Business Credit, FDIC, Card, Hyatt Thompson, Hyatt Hyatt Regency, Hyatt Hotels, Hyatt Hyatt Residence, Hyatt Small, Business, Emergency, Hyatt Credit, Hyatt Credit Card Locations: Hyatt, redemptions
The firm upgraded the ingredients maker to buy from neutral but lowered its price target to $48 per share from $50. "Though these items might not help earnings until 2025, we believe visibility surrounding them could improve in coming months and send the share price higher," he added. Lovallo has a $198 price target for Lennar, reflecting 30.1% in upside. Analyst Raimo Lenschow upgraded the marketing automation stock to overweight from equal weight and upped his price target by $4 to $29. Singlehurst raised her price target to $58 from $54.20, but the new forecast implies nearly 2% downside from Tuesday's close.
Persons: Goldman Sachs, Thomas Palmer, — Brian Evans, Edward Jones, Logan Purk, — Jesse Pound, John Lovallo, Lovallo, — Alex Harring, Oppenheimer, Colin Rusch, Rusch, Alex Bradley, Alex Harring, Raimo Lenschow, Lenschow, Wells, Steven Cahall, Wedbush, Michael Pachter, Pachter, Keith Gill, Piper Sandler, Valvoline Piper Sandler, Peter Keith, Keith, VVV's algo, hasn't, Will Gaertner, Gaertner, Morgan Stanley, Mark Murphy, Keith Weiss, Brent Bracelin, Louise Singlehurst, Singlehurst, Fred Imbert Organizations: CNBC, Analysts, Citi, Diamond Green Diesel, AMD, Devices, Nvidia, UBS, Lennar, KB, Barclays, Wells Fargo, Paramount, GameStop, Products, LSEG, Google, AI, JPMorgan, Oracle Locations: California, Tuesday's, VVV, reaccelerate, ORCL
We reiterate our Buy rating." Deutsche Bank reiterates Adobe as buy Deutsche said it's sticking with its buy rating ahead of earnings next week. Loop reiterates Best Buy as buy Loop said it's sticking with its buy rating on the stock. "We maintain our above consensus Best Buy estimates, reiterate our Buy rating, and are raising our price target to $100 from $93." Morgan Stanley reiterates Walmart as overweight Morgan Stanley said it's standing by its overweight rating on the stock.
Persons: Oppenheimer, Wells, it's, TD Cowen, Wolfe, NVDA, Morgan Stanley, Nio, BTIG, Ally, Mizuho, JPMorgan, JPMorgan downgrades Vail, Lynch Organizations: Oppenheimer, UPS, Amazon Web Services, Nvidia, Norfolk Southern & Union Pacific, Union Pacific, Norfolk, Microsoft, Deutsche Bank, Deutsche, Colgate, Palmolive, China EV, Oracle, Adobe, JPMorgan, United Rentals, Barclays, Netflix, Vail, Exxon, " Bank of America, of America, underperform Bank of America, Bank of America, 3M, Citi, AT, Unilever
The Chase Sapphire Preferred and Reserve are two of the best travel rewards credit cards ever. These sleek metal credit cards come in two flavors: the everyday favorite Chase Sapphire Preferred® Card and premium-tier Chase Sapphire Reserve®. The Chase Sapphire Preferred® Card is Business Insider's top choice for the best travel rewards credit card for value, and the Chase Sapphire Reserve® earns an honorable mention. Read our comparison of the Chase Sapphire Preferred vs. Reserve, or read our Chase Sapphire Preferred review and Chase Sapphire Reserve review to learn more about each card. And if you aren't eligible for another Chase Sapphire credit card, read our guide to the best Chase credit cards to find your next best option.
Persons: , Cardholders, You'll, you've, Chase Organizations: Chase, Service, Sapphire, Chase Travel, Chase Sapphire
The scourge of customer satisfaction surveys
  + stars: | 2024-04-22 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +12 min
— is devoted to customer surveys. Other metrics followed: the Customer Satisfaction Score, the Customer Effort Score, measurements of the entire Customer Experience. At the peak of the so-called sharing economy, customer surveys were all-powerful. The glut of customer surveys has created an additional problem for marketers. "We ask for customer feedback on these things all the time, but it's hard for a customer to give you immediate feedback, because a customer doesn't know what quality is yet."
Persons: you've, I'm, They're, Brad Anderson, Fred Reichheld, Nick Lee, James Wagner, It's, Christine Moorman, Lee, That's, it's, hasn't, Anderson Organizations: NPS, Warwick Business School, University of Michigan's Institute for Social Research, Companies, Duke University, Institutional, Board, Health Service Locations: United States, Qualtrics, Bain, Warwick
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
The Navy secretary acknowledged on Wednesday the effectiveness of these systems in the Red Sea. AdvertisementDecisions made decades ago are now defining the Red Sea naval battle unfolding between American forces and the Houthis, the US Navy's top civilian official said on Wednesday, highlighting the long reach of defense decision-making. AdvertisementA view of the USS Gravely destroyer in the southern Red Sea on Feb. 13. AdvertisementThe USS Dwight D. Eisenhower conducts flight operations in the Red Sea on Feb. 23. US Navy guided-missile destroyer USS Carney defeats a combination of Houthi missiles and drones in the Red Sea on October 19, 2023.
Persons: , Navy Carlos Del Toro, Del Toro, Dwight D, Eisenhower, Ike, Carney, MCS2 Aaron Lau, Sabrina Singh Organizations: US Navy, Service, Red, Navy, AP, Aegis, Missile, Nimitz, US, Hornet, Hornets, AIM, Marines, Pentagon Locations: Red, Iran, Yemen, Gulf of Aden, Aden
Investors can turn to the expertise of Wall Street analysts who can identify stocks with long-term growth potential and the ability to generate the solid cash flows needed to support continued dividends. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. (See Walmart Ownership Structure on TipRanks)SLBThis week's third dividend pick is oilfield services company SLB (SLB). SLB stock offers a dividend yield of 2%. (See SLB Stock Buybacks on TipRanks)
Persons: Wall, Kenneth Lee, Lee, TipRanks, Corey Tarlowe, Tarlowe, Goldman Sachs, Neil Mehta, Mehta Organizations: Walmart, Wall Street, OneMain Holdings, RBC Capital, OneMain, Jefferies Locations: Hallandale Beach , Florida, TipRanks
Instagram is offering cash bonuses to creators who post content to the Meta-owned app with new programs. While the company had previously doled out cash to creators who posted engaging videos, this time it's also compensating users for posting photos. Instagram is "testing" a "Spring Bonus," a seasonal program that pays creators for engagement on reels, photo carousels, and single-image photo posts, a Meta spokesperson confirmed to Business Insider. The current Spring Bonus had previous iterations as a "holiday bonus" and "New Year's bonus," and is now only available in the US, Japan, and South Korea. Mike Potter, who runs the Instagram account @grippingfoodwithforce, told BI he was notified about the Spring Bonus on March 29.
Persons: Jackson Weimer, Weimer, Mike Potter, @grippingfoodwithforce, Potter, Adam Mosseri, Mosseri, Instagram, TikTok Organizations: Business, BI, Facebook, Twitter, Street Journal Locations: US, Japan, South Korea, Instagram's
WBD generated $6.2 billion of free cash flow through 2023 and likely shelled out around $1.4 billion of that for NBA games. Analysts estimate that figure would be closer to $2 billion if WBD re-ups its NBA package. WBD wants a big NBA deal, despite Wall Street's wishesSixteen months ago, Zaslav said WBD didn't "have to have" the NBA. NBA ratings have been lackluster lately, with national TV games averaging 1.6 million viewers in the last two seasons. Zaslav's latest public remarks on the NBA negotiations reflect that.
Persons: , Shaquille O'Neal, Charles Barkley, Tim Nollen, Max, Jason Bazinet, WBD, David Zaslav, it's, Jessica Reif Ehrlich, Wall, Zaslav, John Hodulik, Chuck, Ernie Johnson Organizations: Service, Basketball Hall of Famers, NBA, TNT, ESPN, Warner Bros, Business, Media, Amazon, NBC, Comcast, Apple, Netflix, WWE, Macquarie, Disney, Fox, Cable, Citigroup, Warners, of America, Street, Zaz, UBS Locations: Shaq
United Airlines' shares got a premarket lift following an upgrade at Evercore, and Bank of America dropped its price target on Expedia. He raised the price target to $300 from $225, which implies shares could gain 14.6% from Thursday's close. He also lowered his price target to $181 from $156, which implies 13.5% upside potential from Thursday's close. ET United Airlines shares could surge 56%, according to Evercore Evercore upgraded shares of United Airlines to outperform from in-line. He reiterated his $48 price target on shares, which suggests around 18% upside from the stock's closing price on Thursday.
Persons: Pinterest, Morgan Stanley, TransDigm, CyberArk, Tal Liani, Liani, Kim, Justin, Post, Expedia, — Hakyung Kim, Goldman Sachs, Kate McShane, Gary Millerchip's, McShane, Evercore Evercore, Duane Pfennigwerth, Pfennigwerth, Morgan Stanley's, Kristine Liwag, Liwag, there's, LBTY, Georgios Ierodiaconou, Ierodiaconou, Stephen Ju, Ju, Goldman, Eric Sheridan, . Bank of America's Justin Post Organizations: CNBC, Citi, Liberty Global, United Airlines, Bank of America, Bank of America's, Palo, Costco, Incoming, Kroger, Liberty, Wall Street's, UBS, Pinterest, Google, . Bank of America's, Post Locations: underappreciated, Thursday's, Wall
The same is true for the argument that the S&P 500 is already on the doorstep of even the most ambitious year-end price targets. BMO Capital Markets"The S&P 500 almost always experiences a technical correction at some point during the second year of bull markets historically," Belski wrote. Even if there's a typical 10% correction exacerbated by weakness in mega caps, Belski wrote that stocks can remain resilient. "Underlying leadership patterns are likely to be very different this year, with significantly more participation coming from non-mega-cap stocks," Belski wrote. BMO Capital MarketsBelow are the 25 cheapest stocks in the S&P 500, according to BMO Capital Markets, sorted by the lowest forward price-to-earnings (P/E) ratio.
Persons: Brian Belski, Belski, he's, they'll Organizations: Business, BMO Capital Markets, BMO Capital Markets BMO, BMO, BMO Capital Locations: Montreal
Dividend-paying stocks give investors a combination of potential price appreciation and income, which can enhance total returns. Bearing that in mind, here are five attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. (See Sunoco Hedge Funds Trading Activity on TipRanks)VICI PropertiesOur next dividend stock is VICI Properties (VICI), a real estate investment trust. For the third quarter, the company declared a cash dividend of $0.415 per share, reflecting a 6.4% increase. For the third quarter, the company declared a cash dividend of $2.09 per share, payable on Dec. 14.
Persons: Mike Blake, Wall, Elvira Scotto, Scotto, TipRanks, Sunoco, VICI, Simon Yarmak, Yarmak, Christopher Horvers, Horvers Organizations: Reuters, Energy, Crestwood Equity Partners, RBC Capital, MGM, North American, JPMorgan, TipRanks, Walmart Locations: Encinitas , California, U.S, Crestwood, Vegas
Roth MKM downgrades ChargePoint to neutral from buy Roth said it's concerned about weak demand for charging equipment. UBS upgrades Pacific Biosciences to buy from neutral UBS said the biotech company has growth potential. Citi reiterates Microsoft as buy Citi said it's standing by its buy rating on the stock. Morgan Stanley upgrades Analog Devices to overweight from equal weight Morgan Stanley said the bottom is in sight for the semiconductor company. Truist initiates Dick's as buy Truist said in its initiation of the stock that it sees an attractive buying opportunity. "
Persons: Evercore, Roth, it's, CHPT, Wolfe, underperform Wolfe, RBLX, GitLab, Hubbell, Morgan Stanley, Carvana, Raymond James, Cava, Redburn, Piper Sandler, Piper, buybacks, Baird, Truist, Lululemon, Kimberly, Clark Organizations: EV, UBS, Pacific Biosciences, Citi, Microsoft, Barclays, JPMorgan, HSBC, UW, downgrades, Products, Nvidia, Coherus BioSciences, Goods, Zim Locations: ChargePoint, billings, 2Q24
Here are Monday's biggest calls on Wall Street: KBW upgrades Bank of America to market perform from underperform KBW upgraded the banking giant with long-term rates declining. Bank of America downgrades Paramount to underperform from buy Bank of America said the backdrop is too challenging for the media stock. Bank of America reiterates Nvidia as buy Bank of America said it's bullish on the stock heading into earnings later this month. Goldman Sachs initiates Birkenstock as buy Goldman initiated the shoe company with a buy and said Birkenstock shares are compelling. Bank of America reiterates Apple as neutral Bank of America said it's sticking with its neutral rating on shares of Apple .
Persons: KBW, Mizuho, it's, BILI, Lee jeans, it's bullish, Goldman Sachs, Goldman, EBITDA, Raymond James downgrades Bloomin, Raymond James Organizations: Bank of America, Underperform, Corp, Deutsche Bank, Deutsche, Mizuho, TAM, UBS, Amazon, Citi, Disney, " Bank of America, Paramount, Barclays, Nvidia, AMD, Dominion, Biotech, JPMorgan, HSBC, RBC, Apple, of America Locations: China, FY24E, CLX, Russia, Ukraine
"Based on our analysis, we see FIS as undervalued at 9x '24 P/E and upgrade to Overweight from Equal Weight." "We upgrade shares of KTB to Buy from Neutral and see 22% upside to our new $56, 12-month price target. Goldman Sachs upgrades Best Buy to buy from neutral Goldman said it sees multiple expansion for the electronic retailer. Can a 'growth stock' work if earnings don't grow in 2024? JPMorgan upgrades First Solar to overweight from equal weight JPMorgan said it sees an attractive entry point for the solar company.
Persons: Goldman Sachs, Goldman, Lee, Morgan Stanley, Tesla, Oppenheimer, it's bullish, Jefferies, CrowdStrike, we've, outperforming ytd, Bernstein, Disney, Wells Organizations: Street, Barclays, Fidelity National Information Services, Brands, Nike, Netflix, Disney, ESPN, Citi, Microsoft, UW, NA, Deutsche Bank, Starbucks, Deutsche, Bank of America, of America, JPMorgan Locations: destocking, Mexico, Wells Fargo, China, OW, Aptiv
A higher-for-longer interest rate environment could mean a "stalemate" for equities after their long upward march in 2023. However, history indicates that's unlikely to continue, according to Chen Zhao, chief global strategist at Alpine Macro. He expects stocks will trade sideways for some time as investors weigh competing narratives around a robust economy with the pressures of higher bond yields. Of course, stocks bounced back the following year when the Federal Reserve began to cut rates. … But at the same time, you have rising borrowing costs, rising discount factors that actually tamp down asset values."
Persons: Stocks, Chen Zhao, Zhao, Komal, Kumar, Marko Kolanovic Organizations: Federal Reserve, Kumar Global
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