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☆ Here are Friday's biggest analyst calls: Apple, Tesla, Sunrun, FedEx, Reddit, Amazon, Nio, Capital One, Nike & more
▼ + stars: | 2024-09-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley upgrades Centessa Pharmaceuticals, to overweight from equal weight Morgan Stanley said in its upgrade of Centessa that it's bullish on the biopharma company's narcolepsy treatment. Morgan Stanley downgrades Pepsi to equal weight from overweight Morgan Stanley said it sees "topline softness." Morgan Stanley names Nio a research catalyst idea Morgan Stanley said it's bullish on Nio after the China electric vehicle company debuted its latest model, the L60. Morgan Stanley downgrades FedEx to underweight to from equal weight Morgan Stanley downgraded FedEx following its disappointing earnings report on Thursday. Morgan Stanley reiterates Sunrun as overweight Morgan Stanley said the solar company has more room to run and that it's long term bullish on the company's partnership with Costco.

Persons: Jefferies, Morgan Stanley, Morgan Stanley downgrades Pepsi, Key, it's bullish, Riley, Reddit, Nio, it's, Bernstein downgrades Darden, Bernstein, Olive, DRI, Morgan Stanley downgrades ASML, Wells, Susquehanna, Evercore, Sunrun, Tesla, Mercado Organizations: Duke Energy, Centessa Pharmaceuticals, Amkor, China, UBS, Apple, RBC, FedEx, Deutsche Bank, American Airlines Deutsche, Susquehanna, Darden, Costco, Bank of America, Citi, Nike, Mercado Libre, Clearway Energy Locations: Nio, tailwinds, Olive, Argentina

☆ This under-the-radar stock in Nvidia's supply chain is a 'hidden gem,' Jefferies says
▼ + stars: | 2024-09-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

One global stock stands out as a "unique play" in the Nvidia and artificial intelligence supply chain, according to Jefferies. It's German semiconductor firm SUSS MicroTec , Jefferies said in a Sept. 17 report, calling it a "hidden gem" among European semiconductor firms. The investment bank initiated coverage of the stock at a buy rating and a target price of 76 euros ($84). The firm has "multi-layered exposure" to an advanced packaging technology called Chip-on-Wafer-on-Substrate, said Jefferies, explaining that it's used to make AI chips. SUSS sells its products to two major high bandwidth memory suppliers and TSMC, to be used in the production of that advanced packaging.

Persons: Jefferies, MicroTec, it's, SUSS, — CNBC's Michael Bloom Organizations: Nvidia, U.S, Jefferies, NVIDIA Locations: TSMC

☆ Katy Perry says she had set 2 requirements for the perfect man. Orlando Bloom checked both boxes.
▼ + stars: | 2024-09-20 | by ( Erin Liam | ) www.businessinsider.com time to read: +4 min

Read previewDid Katy Perry manifest her relationship with Orlando Bloom? "I was like, I'm going to go swim in a different pond, I want to try something else, I'm going to say yes to something I wouldn't normally say yes to," the "Woman's World" singer said. But before seeing "what's out there in the world" and attending the 2016 Golden Globes, she decided to set her intentions. Related storiesSetting intentions for successPerry is not the only celebrity who has set intentions for success. A representative for Perry did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Katy Perry, Orlando Bloom, Apple Music's Zane Lowe, Perry, Daisy Dove Bloom, Bloom, Lowe, Oprah Winfrey, Chelsea Stokes, Stokes, it'll Organizations: Service, Business, Business Insider Locations: Salt Lake City

☆ Stablecoins are becoming ‘systemically important’ as market cap returns to record highs, analysts say
▼ + stars: | 2024-09-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The market cap for stablecoins — cryptocurrencies that promise a fixed value peg to another asset — has recently reached all-time-high levels after a sharp drop in 2023. Monthly payments in stablecoins tripled to $1.4 trillion in the 12 months leading up to July. This could have investment implications for Robinhood down the road, he added, as it "continues integrating stablecoins for crypto trading & cross-border transfers." Crypto investors watch stablecoins closely for evidence of demand, liquidity and activity in the market. PayPal last year launched its own dollar-backed stablecoin, while Visa has been supporting stablecoin payments and Mastercard is supporting stablecoin wallets and other crypto card programs.

Persons: —, Bernstein, Gautam Chhugani, Kevin Dede, Wainwright, Dede, Goldman Sachs, Wells, Rob Goldstein, Michael Bloom Organizations: H.C, JPMorgan, PayPal, Visa, Mastercard, BlackRock, New, Financial Locations: New York City, Boston, New York

☆ We spent over $54,000 renovating our house — but these 5 cheap upgrades actually made the biggest difference
▼ + stars: | 2024-09-19 | by ( Melissa Noble | ) www.businessinsider.com time to read: +4 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen we purchased a three-bedroom fixer-upper in Melbourne, Australia, in 2017, we couldn't wait to move in and get started renovating. Over the course of three years, we spent just over $80,000 Australian dollars, about $54,000, transforming it into our dream home. Here are five fairly low cost upgrades that really boosted our property's appeal and got many compliments from friends and family. AdvertisementIt only cost about AU$200 to make, but it really added to the property's street appeal.

Persons: —, Cameron Church Organizations: Service, Business Locations: Melbourne, Australia

☆ Here are Thursday's biggest analyst calls: Nvidia, Tesla, Apple, Nio, DoorDash, Robinhood, Alphabet, Micron & more
▼ + stars: | 2024-09-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Apple as overweight The firm said iPhone 16 demand may not be as bad as feared after comments from the T-Mobile CEO. Morgan Stanley reiterates Nio as overweight Morgan Stanley said it's bullish on the EV company as Nio unveils its latest mid-sized family model, the L60. " Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's concerned about the company's robotaxi event but that it's standing by the stock. Morgan Stanley downgrades Elanco to equal weight from overweight Morgan Stanley said it "lacks conviction" in shares of the pet biopharma company. "We are initiating on Coursera (COUR) with a Buy rating and a PO of $11 (44% upside potential).

Persons: Morgan Stanley, Apple, TMUS, Piper Sandler, Robinhood, Piper, KeyBanc, Redburn, Mizuho, Raymond James, Nio, it's bullish, TD Cowen, Cowen, Tesla, it's, Hertz, Wells, Morgan Stanley downgrades Elanco, rideshare Organizations: Mobile, Apple Intelligence, JPMorgan, Gas Sciences, Kodiak Gas Services, Talos Energy, Northern Oil, Nio, Micron, Barclays, UW, Laboratories, Abbott Laboratories, Outfront Media, " Bank of America Locations: Kodiak

☆ London Fashion Week has plenty to celebrate on its 40th anniversary
▼ + stars: | 2024-09-18 | by ( Fiona Sinclair Scott | Leah Dolan | ) edition.cnn.com time to read: +15 min

London CNN —Against the backdrop of a challenging economic outlook for many brands — big and small — the 40th anniversary of London Fashion Week last week was certainly a time for reflection. Even Carly Marks, founder of avant-garde New York label Puppets and Puppets, chose London this season. But all eyes were on Burberry, undoubtedly the biggest brand on the London Fashion Week schedule, yet one that has been battling against sharply declining profits. To see the best bits of London Fashion Week, keep scrolling. Talia ByreErdem Jason Lloyd EvansSophistication, elegance and femininity were key themes at TOVE's third show at London Fashion Week.

Persons: Jonathan Anderson, JW Anderson, ”, Anderson, Victoria Beckham, Christopher Kane, Halpern, Molly Goddard, Rejina Pyo, hasn’t, David Koma, Daley, Queen Elizabeth II, Daley didn’t, Harry Styles, Anna Wintour, Emma Corrin, Nensi Dojaka, Carly Marks, Daniel Lee’s, It’s, Talia Byre, Sinead O’Dwyer, Ancuta Sarca, Paolo Carzana, Simone Rocha, Aaron Esh, Richard Quinn, Adonis, Di, Simone Rocha mused, Olsen, Chopova, JW Anderson Girliness, Simone Biles, Jordan Biles, Rebecca Andrade, Kamala Harris ’, America’s, “, Erdem, Marguerite Antonia Radclyffe Hall, John, Chopova Lowena, ruffles, Victor Virgile, Yuhan Wang, Olu Ogunshakin, Chris Yates, Talia Byre’s, Alaia Ali, Jane Couch, Bridget Riley, Wang, “ I’m, John Phillips, Alexander McQueen, Vivienne Westwood, John Galliano, Stella McCartney, —, Chet Lo, Dojaka, Calvin Klein, Hubert de Givenchy, Barry Keoghan, Dave Benett, Burberry Olivia Colman, Burberry, Burberry Burberry, James Manning, Isidore Montag, Daniel Lee's, Steven Stokey, womenswear, Francisco Gomez de Villaboa, Cris Fragkou SS Daley, Cris Fragkou HARRI, Eamonn M . McCormack, HARRI didn't, Joe Maher, James Mason, James Mason Quinn's, James Mason Erdem, suiting, Jason Lloyd Evans Moralıoğlu’s, Jason Lloyd Evans, Jason Lloyd Evans Chopova Lowena, Lowena, Hellman's, Marco Capaldo, 16Arlington, Arlington Dianna Agron, Lily Bloom, Dave Bennett, CompletedWorks, Ben Broomfield, Ben Broomfield Natasha Zinko's, Zinko, Stefan Knauer, Aldama, Ik Aldama, Henry Nicholls, Bella Hadid, Rihanna, Crocs, Francesco Zinno Talia Byre, Talia Byre Byre, Jeff Spicer Organizations: London CNN —, London, New York, Burberry, National Theatre, Royal Academy, Emirates, JW, Olympics, Erdem, Chris Yates Media, Arsenal, Pan, CNN, Getty, JW Anderson Lingerie, Clarks, London Fashion Locations: London, British, S.S, Italian, Di Petsa, Arlington, America, Dorchester, The Dorchester, Bloomsbury, AFP

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Meta, Marriott, Starbucks, Roku & more
▼ + stars: | 2024-09-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Stifel initiates Penumbra as buy Stifel said it's bullish on shares of the medical device company. Bank of America reiterates FedEx as buy Bank of America lowered its price target to $345 per share from $347 but said it's bullish heading into earnings next week. " Bank of America reiterates TJX Companies, Burlington and Ross as buy Bank of America said the off-price retailers are best positioned for younger generations. Bank of America reiterates Starbucks as buy The firm said it's standing by shares of the coffee giant. Bank of America reiterates Alphabet, Meta, Amazon and Uber as buy Bank of America said the internet tech companies are the best way for "more defensive positioning."

Persons: Stifel, it's, Bernstein, Apple, Morgan Stanley, Tesla, BTIG, JPMorgan, Wells, Wolfe, Ross, ROST, Goldman Sachs, Goldman, Needham, Uber, William Blair Organizations: PEN, HSBC, KKR, Co, Apple, Bank of America, FedEx, GE Healthcare, UBS, Talen Energy, JPMorgan, Civitas Resources, Micron, MU, Barclays, TJX Companies, BURL, Marriott, Computer, Guggenheim, Sirius XM, " Bank of America, Google, Nvidia, Broadcom Locations: China, Burlington, InfiniBand

☆ CEOs of big US companies are souring on hybrid work
▼ + stars: | 2024-09-18 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

Read previewThe bosses of big US companies are over hybrid work. Adding to the anti-remote vibes: a new snapshot of CEO sentiment that shows Jassy isn't alone in saying "so long, hybrid." About one in three CEOs said retirements and a lack of skilled replacements would have a big effect on their company. Only 54% of CEOs reported that their companies were "well-prepared" for a cyber attack. "The people that have generative AI and AI skills are going to have a big advantage in the marketplace over those that don't," he said.

Persons: —, Andy Jassy, Jassy isn't, Paul Knopp, Amazon's, Knopp, there's, I'm, Nicholas Bloom, Bloom, Z, GenAI, what's Organizations: Service, Amazon, KPMG US, Business, IRL, Stanford, BI, GenAI Locations: upskilling

☆ Amazon's RTO mandate won't pay off in the way the company hopes
▼ + stars: | 2024-09-17 | by ( Madeline Berg | Tim Paradis | ) www.businessinsider.com time to read: +8 min

Read previewSorry, Amazon employees. CEO Andy Jassy announced on Monday that starting next year, Amazon employees must be in the office five days a week. Amazon's announcement comes after 15 months of hybrid work — employees had to be in three times a week. Some employers like Amazon are looking to take back powerIn the pandemic era, the labor market favored office workers. Oftentimes, introverted employees work better outside the office, and some people find that the pressure of in-person work can stifle productivity and deep thinking, Duffy said.

Persons: —, Andy Jassy, Goldman Sachs, Caitlin Duffy, Duffy, Julia Hobsbawm, Hobsbawm, Amazon's Jassy, Jassy, Nicholas Bloom, who's, Bloom, what's, Deborah McGee, McGee, Gen Z, they're Organizations: Service, Business, Slack, Employees, JPMorgan, Gartner, Stanford, Research, Data Technologies, PZI Locations: America

☆ The best new iOS 18 features that are available now for iPhones
▼ + stars: | 2024-09-17 | by ( Ana Altchek | Jaures Yip | ) www.businessinsider.com time to read: +8 min

With iOS 18, Apple is bringing updates to a wide range of apps and features, including Mail, Photos, iMessage, and Apple Wallet. And while iOS 18 will eventually feature Apple Intelligence features for the iPhone 15 Pro and iPhone 16 lineup, you'll have to wait until October to see those features start rolling out. AdvertisementHere are some of the changes we're most excited about iOS 18. A new home screen designApple iOS 18 lets you customize your home screen wallpaper, app icons, and widgets. Apple Maps is becoming more hiker-friendlyApple Maps will have topographic maps with detailed trail networks and hiking routes with iOS 18.

Persons: —, it's, Ronak Shah, You'll, Craig Federighi, Apple Cash, Apple AirPods, Siri, Apple Organizations: Service, Apple, Apple Intelligence, Business, Tapbacks, Google, OpenAI Locations: Siri

☆ Cooling needs and more: Jefferies names global stocks to buy driven by AI data center demand
▼ + stars: | 2024-09-17 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

That also means that AI data centers are growing fast — as is the demand for them. That in turn is set to drive up the demand for cooling systems for data centers. We believe the demand for liquid cooling for AI data centers should sustain for the following 5-10 years, driven by continuous iteration of AI chips and rising heat dissipation requirements," Jefferies said in a Sept. 10 report. Cooling services have been said to improve power efficiency in data centers and, by extension, cost efficiency. Envicool Technology : Jefferies expects data center cooling sales in Southeast Asia to contribute one-third of such sales for the Chinese firm.

Persons: Jefferies, — CNBC's Michael Bloom Organizations: Jefferies, Stock, Schneider Electric, Technology, PSU, Nvidia Locations: China, Southeast Asia

☆ Here are Tuesday's biggest analyst calls: Nvidia, Palantir, Amazon, Shopify, Walmart, Microsoft, Palantir, Tesla & more
▼ + stars: | 2024-09-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America reiterates Amazon as buy Bank of America said it's sticking with its buy rating on Amazon following CEO Andy Jassy's letter to employees on Monday. Bank of America adds Palantir to the US1 list Bank of America added the stock to its top picks list. Bank of America reinstates Carvana as buy Bank of America resumed coverage of Carvana and upgraded it to buy saying it sees accelerating growth. Bank of America upgrades Hewlett Packard Enterprise to buy from neutral Bank of America said shares of the company are "attractive." Bank of America upgrades GE Vernova to buy from neutral Bank of America said it sees a "power surge" for the stock.

Persons: Oppenheimer, Andy Jassy's, Andy Jassy, Bernstein, Tesla, underperform Bernstein, Redburn, LSCC, Ford Tamer, Mizuho, DELL, Morgan Stanley, Virgin, Jefferies, it's bullish, JEF, ARMK, Baird, BTIG, " Jefferies, SolarEdge Organizations: Nvidia, " Bank of America, Bank of America, Semiconductor, Stifel, Board, Dell, JPMorgan, ViaSat, United Airlines, Viasat, IFC, Virgin Galactic, Virgin, Citi, UBS, APP, RBC, Baird Conference, Burger, Walmart, Technologies, Healthcare, Barclays, D, WEC, Hewlett Packard Enterprise, of America, Hewlett, Packard Enterprise, GE, Gas Power Services Locations: Europe

☆ Here are Monday's biggest analyst calls: Tesla, Nvidia, Apple, Oracle, Carvana, Micron, Sprouts, Zillow, Coca-Cola & more
▼ + stars: | 2024-09-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are the biggest calls on Wall Street on Monday: Evercore ISI reiterates Alphabet as outperform Evercore says it's sticking with shares of the search giant. Morgan Stanley reiterates Micron as equal weight Morgan Stanley lowered its price target on the stock to $100 per share from $140. Morgan Stanley reiterates Tesla overweight Morgan Stanley says it's sticking with its overweight rating heading into Tesla's robotaxi day on Oct. 10. Morgan Stanley upgrades Ase Technology to overweight from equal weight Morgan Stanley said in its upgrade of Ase that the chipmaker's stock is defensive. Morgan Stanley upgrades Chart Industries to overweight from equal weight Morgan Stanley says the gas liquefication company has "significant exposure to both energy transition and renewables as well as traditional energy."

Persons: Evercore, Morgan Stanley, Tesla, Simon, Eaton, Wells, Pro Max, Carvana Evercore, Jack Sinclair, Curtis Valentine, Merchant Scott Neal, BTIG, Truist, Melius Organizations: DOJ, Micron, Technology, Industries, Citi, downgrades Colgate, Palmolive, CL, Barclays, GE, GE Vernova, JPMorgan, Apple, Pro, Ally, Mizuho, Oracle, " Bank of America, Nvidia, Bank of America Locations: Tesla's, Staples

☆ Apple shares slide as analysts highlight sluggish iPhone 16 demand
▼ + stars: | 2024-09-16 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

"The key factor is the lower-than-expected demand for the iPhone 16 Pro series," Kuo wrote after compiling data from Apple's websites on each iPhone 16 model's pre-order sales, average delivery times and shipments before pre-order. Additionally, intense competition in the Chinese market continues to impact iPhone demand." The analysts also wrote that Apple reduced iPhone 16 prices in Australia and India. The iPhone 16 Pro and the iPhone 16 Pro Max are Apple's more premium phones that have nicer screens and cameras than the regular models, starting at $999 and $1,199, respectively. The company also said during the event the new iPhone 16 Pro Max has "the best iPhone battery life ever" but did not offer additional details.

Persons: Steve Jobs, Ming, Chi Kuo, Kuo, IP16, Apple, Max, — CNBC's Michael Bloom Organizations: Apple, Steve, TF Securities, Apple Intelligence, Apple Watch, Barclays, JPMorgan, Bank of America Locations: Cupertino , California, U.S, China, Australia, India

☆ Buy stocks like Nvidia to cash in on the AI data center wave, Bank of America says
▼ + stars: | 2024-09-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Bank of America highlighted a host of stocks that are worth snapping up — including a few names benefiting from the artificial intelligence and data center revolution. Johnson Controls "Best-in-class data center assets and change is coming. … Leading position in data centers JCI is on track to generate ~$4bn from data centers, or ~14% of revenue in FY24E. JCI's data center exposure compares to Trane Technologies' ~4% and Carrier's ~3%, by our estimate. … We rate Broadcom Buy due to its high-quality diversified exposure to secular product cycles in the smartphone, cloud data center, telecom and enterprise storage markets."

Persons: Alexander Waters, Waters, Dycom, Johnson, it's, Andrew Obin, Obin, George Oliver, Vivek Arya, Arya's, Arya Organizations: America, CNBC, Bank of, National Grid, Broadcom, Nvidia, Johnson, Dycom Industries, government's Broadband Equity, Dycom, JCI, Johnson Controls, VMware, Industries, Trane Technologies Locations: FY24E

☆ Here are Friday's biggest analyst calls: Nvidia, Netflix, Tesla, Kroger, Arm, Oracle, Eli Lilly, PNC, GE Vernova & more
▼ + stars: | 2024-09-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Raymond James initiates Arm as outperform Raymond James said the semis company is well positioned for AI. Citi downgrades Capri Holdings to neutral from buy Citi said the risk/reward is more balanced for the owner of brands like Michael Kors. UBS reiterates Oracle as buy UBS raised its price target on the stock to $200 per share from $175. The feedback on Oracle's top-line growth was overall positive..." UBS reiterates PNC as buy UBS said the bank is a high conviction idea. " Citi resumes Eli Lilly as buy Citi resumed coverage of the stock and says it's well positioned.

Persons: Raymond James, Jefferies, SLG, CFRA, it's, datopotamab, Michael Kors, haven't, Morgan Stanley, EQT, Citi, Eli Lilly, Lilly, Tesla, BEV, Wells Organizations: Arm Holdings, ARM, Citi, Green, Kroger, Macquarie, Rio Tinto, Deutsche Bank, AstraZeneca, Deutsche, Capri Holdings, Barclays, Garmin, GM, BMO, GE, UBS, Oracle, Oracle's, PNC, JPMorgan, Netflix, JPMorgan downgrades Moderna, Nvidia, NVIDIA Locations: GenAI, New York, Rio, RIO, Las Vegas

☆ Adobe shares fall 9% on weak fourth-quarter guidance
▼ + stars: | 2024-09-13 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange in New York City, Feb. 20, 2024. Shares of Adobe fell more than 9% on Friday, a day after the software company released third-quarter results that offered worse-than-expected guidance for the fourth quarter. Adobe reported $5.41 billion in revenue for the quarter, up 11% year over year and above the $5.37 billion expected by analysts according to LSEG. Analysts at Bank of America said Adobe reported results and outlook that were somewhat mixed but healthy overall. "No change to our positive view on Adobe," they wrote in a Friday note.

Persons: Shantanu Narayen, LSEG, Goldman Sachs, Adobe's, — CNBC's Michael Bloom, Kif Leswing Organizations: CNBC, New York Stock Exchange, Adobe, Bank of America, Microsoft, UBS Locations: New York City

☆ Here are Thursday's biggest analyst calls: Apple, Nvidia, Roku, Meta, Oracle, Broadcom, Micron & more
▼ + stars: | 2024-09-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

Wells Fargo initiates Blackrock as overweight Wells Fargo said the asset manager is well positioned. " Bernstein reiterates Nvidia & Broadcom as top ideas Bernstein said both stocks remain top picks at the firm and that margin fears are overdone. Bernstein reiterates Oracle as a top idea Bernstein said it sees "increasing revenue growth" for Oracle. " Morgan Stanley reiterates Amazon, Alphabet and Meta as overweight Morgan Stanley said the three internet giant's are well positioned in the ad market. Morgan Stanley reiterates Apple as overweight Morgan Stanley named Apple to its Vintage Values list as a stock to own for the next 12 months.

Persons: Wells, Wells Fargo, Stephens, Bernstein, Blackwell, Morgan Stanley, Goldman Sachs, Goldman, Jefferies, McDonald's, it's, Wolfe, Apple, Raymond James Organizations: Simon Property Group, SPG, Blackstone, Apollo, TPG, SF, APO, Blackrock, Nvidia, Broadcom, Oracle, Bank of America, Diageo, of America, Barclays, TAM, CTV, FedEx, UBS, Costco, " Bank of America, Apple, Micron

☆ Goldman recommends these energy stocks to play the slump in crude oil
▼ + stars: | 2024-09-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The sharp slump in crude oil this month has driven down energy stocks, but the pullback also presents an opportunity for investors to gain exposure to some high-quality companies, according to Goldman Sachs. Crude oil futures rebounded somewhat Wednesday, but the U.S. benchmark and Brent are still down about 8.5% and 10.4%, respectively, in September. Wall Street analysts have an average stock price target of $139 on Conoco, implying upside of nearly 37% from Wednesday's close of $102.57 per share, according to FactSet data. The Street has an average price target of $18 on Talos, suggesting nearly 70% upside from Wednesday's close of $10.84 per share, according to FactSet. EQT has an average target price of $43, based on the Street consensus among analysts, representing a return of 31% from Wednesday's close of $32.88 per share, according to FactSet.

Persons: Goldman Sachs, Brent, Goldman, Neil Mehta, Mehta, Conoco, Tim Duncan, EQT, — CNBC's Michael Bloom Organizations: Brent, ConocoPhillips, Wall Street, Talos, EQT Locations: U.S, Wednesday's

☆ A Trump victory could send bitcoin to $125,000, but new records are likely no matter who wins election, says Standard Chartered
▼ + stars: | 2024-09-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin is likely to reach at least one more all-time high by the end of this year, according to Standard Chartered. That's likely regardless of whether Vice President Kamala Harris or former President Donald Trump wins the presidential election this November – a variable that others have viewed as a make-or-break game changer for the industry since Trump threw his public support behind the industry this summer. "BTC will end 2024 at fresh all-time highs under either election outcome – [circa] $125,000 level under Trump or c.$75,000 level under Harris," he said. The firm maintains its view that bitcoin will reach the $200,000 level by the end of 2025, regardless of this year's election outcome. That's one reason so many are hoping the election could trigger some movement in bitcoin.

Persons: Bitcoin, Kamala Harris, Donald Trump, Trump, Harris, Geoff Kendrick, Joe Biden's, Elizabeth Warren, Gary Gensler, Biden, Kendrick, Michael Bloom Organizations: Chartered, BTC, Trump, Securities, Exchange, Democratic Locations: bitcoin

In a statement Wednesday, his attorney said Combs “is shocked and disappointed” by Richard’s lawsuit. According to the suit, Richard tried multiple times to intervene, offered Ventura support and encouraged her to leave Combs. Like other lawsuits, including Ventura’s, Richard’s suit depicts Combs as violent and controlling. Throughout the productions of the “Making the Band” series, the suit alleges, she and the members of Danity Kane were deprived of basic needs such as adequate food and sleep. The suit also alleges Richard attended parties at Combs’ houses, where she witnessed what she believed were inebriated underage girls being sexually violated by Combs and his guests.

Persons: Sean “ Diddy ” Combs, Danity Kane —, groped, Dawn Richard, Combs, Danity Kane, Lisa Bloom, “, Dawn, Combs “, ”, ” Erica Wolff, Richard, Combs ’, Casandra Ventura, Cassie, Ventura, Mr, Ben Brafman, Diddy, Harve Pierre, Pierre, ” Combs, Miami, Richard’s, Frank Richard, “ Combs, ” Richard Organizations: MTV, Southern, of, Ventura, CNN, Diddy, “ Locations: U.S, of New York, Ventura, Los Angeles, California, Baltimore, New York

☆ Trading the election: Watch these pro-Harris stocks as her odds rise following the debate
▼ + stars: | 2024-09-11 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Investors and Wall Street analysts may want to take a closer look at stocks that could be winners under a President Kamala Harris after Tuesday night's debate . National polls showed a tight race heading into the debate, but some now believe Harris could get a bump from her performance. "We expect a near-term bounce towards Vice President Harris following the first debate with former President Trump, but the longer-term impact remains unclear," Raymond James Washington analyst Ed Mills said in a note to clients late Tuesday night. Wolfe Research has a similar list of stocks in an anti-Trump trade basket, including health care stocks like Centene and HCA . Of course, it could be difficult for new Democratic policies to become law even with a Harris win in November, depending on how Congressional races shake out.

Persons: Kamala Harris, Donald Trump, Harris, Trump, Raymond James Washington, Ed Mills, Isaac Boltansky, Daniel Clifton, Strategas, Wolfe, — CNBC's Michael Bloom Organizations: Wall Street, Democrat, Walmart, Raytheon Technologies, Wolfe Research, Trump, UBS, Republicans, Democrats, Eaton Corp, Waste Management Locations: Democratic, Ukraine, Russia

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Spotify, Arm, Robinhood, Alphabet, Shopify, Disney & more
▼ + stars: | 2024-09-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Goldman Sachs downgrades Morgan Stanley to neutral from buy Goldman said it sees better value elsewhere than Morgan Stanley. Goldman Sachs upgrades Evercore to buy from neutral Goldman said the investment banking firm is "best in class." JPMorgan reiterates Nvidia as overweight JPMorgan said stocks such as Nvidia are "strong beneficiaries in the emerging AI arms race." Morgan Stanley reiterates Arm as a top pick Morgan Stanley said it's sticking with its overweight rating on the semiconductor chip company. Bank of America reiterates Apple as buy Bank of America said it's standing by its buy rating on shares of Apple.

Persons: Goldman Sachs downgrades Morgan Stanley, Goldman, Morgan Stanley, Goldman Sachs, Rosenblatt, Canaan, Jefferies, Williams, Guggenheim, it's, orals, it's bullish, Bernstein, Robinhood, Wells, Shopify, Truist, Wolfe Organizations: NASDAQ, JPMorgan, Viking Therapeutics, Citi, Apollo Global Citi, APO, U.S, " Bank of America, Novartis, Bank of America, Nvidia, Apple, Spotify, Disney, AES, ~$ Locations: Canaan, Williams, Sonoma, 2030E

☆ VMAs top moments from Taylor Swift, Sabrina Carpenter, Katy Perry and Carson Daly
▼ + stars: | 2024-09-11 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +5 min

Taylor Swift’s 9/11 tribute and call to actionTaylor Swift took a moment to honor victims of the September 11 attacks of 2001 while accepting the first award of the evening. (L-R) Post Malone and Taylor Swift accept the best collaboration award for "Fortnight." Swift’s message to young voters comes after she made a splash on Tuesday when she endorsed Kamala Harris’ presidential run. Pop singer Sabrina Carpenter kissed an alien onstage during her hotly-anticipated performance. “It was the best, best show.

Persons: Taylor Swift’s, Chappell Roan, Sabrina Carpenter, Katy Perry, Eminem, “ Houdini, Lenny Kravitz, Megan Thee, Taylor Swift, “, I’ve, ”, ” Swift, Post Malone, Swift, Manny Carabel, Travis Kelce, Kamala Harris ’, Carpenter, Cyndi Lauper, Bob Mackie, Madonna –, ” Lauper, Orlando Bloom, Katy Perry Katy, Perry, Bloom, ” Perry, Daisy, ” Chappell, Chappell Roan of Arc, Roan, Babe, Joan of Arc, Noam Galai, ” Carson Daly, Carson Daly –, –, Lisa, ” Daly Organizations: CNN, VMA, Post, Poets Department, ”, Moon, MTV Locations: New York, New York City

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