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Pure-play electric vehicle stocks like Rivian and Lucid are flat and down more than 3%, respectively, since Trump's victory. So why is Tesla soaring even as a second Trump administration is expected to fundamentally disrupt the U.S. electric vehicle market? And increased tariffs could make inputs for electric vehicles more expensive. These headwinds ignore the fact that Trump's new best friend is Tesla CEO Elon Musk, Bernstein analyst Toni Sacconaghi told clients in a Monday note. But Tesla's fundamentals are largely steady postelection, while Musk's relationship with Trump underlines how Tesla largely controls the self-driving vehicle narrative, the analyst said.
Persons: Tesla, Donald Trump, Trump, Elon Musk, Bernstein, Toni Sacconaghi, Musk, Vivek Ramaswamy, Sacconaghi, Dan Levy, Levy Organizations: U.S, Ford, General Motors, Trump, GOP, UBS, Bloomberg News, Traffic, Administration, Barclays, Tesla Locations: Friday's
Wall Street analysts made the wrong call on DuPont, but it may be welcome news for investors looking to buy the stock. DuPont stock, trading around $85 per share Monday, would have to fall at least another 6% to below $80 to interest us. "This stock could have a very good run into 2025 as it becomes clear that the three segments are worth far more than the current price," Jim said. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Jim, Jeff Marks, Jeff, Jim Cramer's, Dupont Organizations: DuPont, Monday, Barclays, Club, CNBC, Getty Locations: Wilmington , Delaware
But the past week's stimulus blitz did not offer fiscal support to China's discouraged consumers. AdvertisementChina's latest stimulus blitz offers everything but one key fix: new incentives to revive consumers. While Tuesday's stimulus package didn't address fiscal support, Chinese officials appear to be getting around to it. Even if China commits to bigger fiscal support in the near term, it could be too late to change things this year, Huang said. For instance, Chinese consumers are staying away from new housing projects even as China has introduced looser mortgage rates and downpayment rules.
Persons: , Liz Young Thomas, Tianlei Huang, Huang Organizations: Service, JPMorgan, Investment, Peterson Institute for International Economics, Reuters, Communist, Barclays, Bank of America Locations: China, Beijing
Stocks ranging from L3Harris to Burlington could benefit from either a Trump or Harris victory this fall, according to Barclays. The analyst highlighted several overweight-rated stocks the firm expects are best-positioned to benefit from either a Trump or Harris election victory. Defense contractor L3Harris Technologies is another Trump election play. The stock, which is up about 9.1% this year, could gain another 15.4%, according to Barclay's price target. Barclays' price target of $327 implies 20.6% potential upside.
Persons: Harris, Terence Malone, Malone, Donald Trump, Kamala Harris, Trump, Gary Gensler, Bitcoin, Bernstein, Centene, bode, homebuilder D.R, Horton Organizations: Trump, Barclays, Bitcoin, Securities, Exchange, Liberty, Wednesday, Defense, L3Harris Technologies, UnitedHealth, Biden, Democratic Party, Affordable, Burlington Locations: L3Harris, Burlington, Nashville, MicroStrategy, U.S, It's
Constellation has surged 62% year to date to become the sixth-best performing stock in the S & P 500 , while Vistra has more than doubled to become the second-best performing stock, only slightly behind AI chipmaker Nvidia . Constellation owns the largest nuclear fleet in the U.S., operating 21 of the country's 93 reactors. Campanella sees the recent pullback of Constellation's stock, down 12% over the past month, as an attractive buying opportunity. Constellation and Vistra have substantial catalysts on the horizon that are not factored into their guidance, as tech companies shop for nuclear reactors to power their energy-hungry data centers , according to the analysts. Constellation is also exploring the possibility of restarting reactor Unit 1 at Three Mile Island in Pennsylvania, which ceased operations in 2019, as demand for nuclear energy grows.
Persons: Vistra, Barclay's, Nicholas Campanella, Campanella, James Thalacker, Joe Dominguez, Jim Burke Organizations: Constellation Energy, Vistra Corp, Constellation, Nvidia, Barclays, BMO Capital Markets, BMO Locations: U.S, Pennsylvania
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBarclay's Venu Krishna on markets: Several signs point to a short squeezeVenu Krishna, Barclays head of U.S. equity strategy, joins 'Squawk on the Street' to discuss the current markets, the likelihood of rate cuts, and more.
Persons: Venu Krishna Organizations: Barclays
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBarclay's Adrienne Yih on Nike stock downgrade: Uncertainty over strategic outlook has increasedAdrienne Yih, Barclays analyst, joins 'Squawk Box' to discuss Nike's stock plunge, the company's strategic missteps, what's next for the company, and more.
Persons: Adrienne Yih, what's Organizations: Nike, Barclays
We are buying 50 shares of Stanley Black & Decker at roughly $83.89. Following the trade, Jim Cramer's Charitable Trust will own 890 shares of SWK, increasing its weighting to 2.33% from 2.20%. The bear case around Stanley Black & Decker can be summed up in one line: mortgage rates are too high. We're not trying to forecast when the cutting will start, but we like the idea of holding onto a name like Stanley Black & Decker for when it happens. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Stanley Black, Decker, Jim Cramer's, Jim, We're, Jim Cramer Organizations: Stanley, SWK, Barclays, Home, Federal Reserve, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig Tech's valuations are 'quite full' but reasonable, says Barclay's Venu KrishnaVenu Krishna, Barclays head of U.S. equity, joins 'Squawk on the Street' to discuss why valuations look 'pretty full', if there's downside risk to Krishna's year-end target, and what it all means for asset allocation.
Persons: Barclay's Venu Krishna Venu Krishna Organizations: Barclays
Consumers, particularly those in China, have been tightening their purse strings and cutting their spending on luxury goods in light of macroeconomic uncertainties. But Barclays notes that several companies in the sector make good plays right now. LVMH Barclays is bullish on French label LVMH and raised its target price by nearly 13.6% to 937 euros ($1,009.18). "We remain confident that Moncler will deliver above-market growth for the rest of 2024," the analysts wrote. Barclays' target price on the stock is 168 Swiss francs ($182.62), which gives it around 28.2% potential upside.
Persons: Christian Dior, Louis Vuitton, Dior, Tiffany, Moncler Organizations: Barclays, Tiffany, Vogue, Richemont Locations: China, Europe, Sephora, Switzerland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect Fed Chair Powell's comments to skew a bit more hawkish today, says Barclay's Meghan GraperMeghan Graper, Barclays global co-head of debt capital markets, joins 'Squawk Box' to discuss the Fed's policy meeting this year, what to expect from Fed Chair Powell's commentary today, impact on markets, and more.
Persons: Barclay's Meghan Graper Meghan Graper Organizations: Barclays
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFootwear brands are at their best when they stick to their gun, says Barclay's Adrienne YihAdrienne Yih, Barclays U.S. retail senior analyst, joins 'Power Lunch' to discuss Barclays expanding its coverage into footwear stocks and identifying which retailers are winning in the space.
Persons: Barclay's Adrienne Yih Adrienne Yih Organizations: Footwear, Barclays U.S, Barclays
CNBC Daily Open: Wall Street wary as inflation data looms
  + stars: | 2024-03-12 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Overnight, U.S. stocks ended mixed as investors await key inflation data for clues on the Federal Reserve's path on rate cuts. "The question is to what extent and how broad will it be," he told CNBC. Web inventor's top predictionsTim Berners-Lee, recognized for inventing the World Wide Web, told CNBC his top predictions for the future of the web — and how it will be transformed by Al.
Persons: Patria Stodghill, vender Susan Mendoza, Hang Seng, Dow, Shaun Rein, it's, Steven Okun, Tim Berners, Lee Organizations: Patria, Washington , DC, CNBC, CSI, Nikkei, Nasdaq, China Market Research, APAC Advisors, Al, Barclays Locations: Washington ,, Hong Kong, Asia, China, U.S, Washington
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street ends mixedU.S. stocks ended mixed Monday as investors await key inflation data for clues on the Federal Reserve's path on rate cuts. Oracle shares spikeOracle shares surged 13% as quarterly earnings topped estimates, but revenue came in slightly soft of expectations. [PRO] Barclay's three global picksBarclays picked three European stocks for investors to consider buying for the next quarter.
Persons: Dow, Bitcoin, Shaun Rein, it's, Safra Catz, Trump, Donald Trump Organizations: CNBC, Nasdaq, China Market Research, Oracle, Facebook, Barclays Locations: China, U.S
For investors cheering stocks' strong rally into the year end, Barclays warned that it could be eating into 2024's return. A number of macro news events sparked a relief rally in equities as 2023 begins to wrap up, with the S & P 500 registering four straight weeks of gains and climbing 8.5% in November. "Combined with year-end seasonality, the surge in institutional flows could push equities over their skis, essentially 'borrowing' 2024 returns and leaving less room for upside next year," he added. .SPX YTD mountain S & P 500 The firm expects only single-digit returns next year as modest economic deceleration offsets the benefit of easing inflation. Barclays raised its 2024 S & P 500 price target to 4,800, from 4,500 previously.
Persons: Venu Krishna, Krishna, dovish, Treasury QRA, — CNBC's Michael Bloom Organizations: Barclays, Treasury, Big Tech, CNBC Pro's, Survey, Wall
Persistent inflationary pressures have led to depressed levels of consumer spending all year, according to Bank of America. Consumers are still spending — in fact, they're spending more than they are earning — as employment levels and hourly wage growth remain fairly strong . Some analysts see an opportunity to pick up shares of battered-down retail stocks. According to Barclay's Yih, spending levels "almost have to be worse" next year. LPL's Roach similarly expects consumers spending to hit a roadblock in the coming months.
Persons: bode, Neuberger Berman, Steve Eisman, Jeffrey Roach, Adrienne Yih, Yih, Randy Hare, Ross, Polly Wong, Belardi Wong, James Lewis, Huntington's Hare, Bartlett, Chris Kempczinski, Lewis, , it's, Anthony Chukumba, Chukumba, Wells, Ike Boruchow, Kathleen Entwistle, Entwistle, LPL's Roach, Morgan Stanley's Entwistle, Barclay's Yih, Roach Organizations: Bank of America, CNBC, Consumers, Barclays, Ross, Huntington National Bank, Bartlett Wealth Management, Walmart, Retailers, Republic, Urban Outfitters, Eagle Outfitters, National, Capital, National Vision, Nike, Ross Stores, Morgan Stanley Private Wealth Management, Investments, Citizens JMP Securities, Delta Air Lines, Deutsche Bank Locations: U.S, Wells Fargo
This week's government economic data revealed pockets of durable consumer spending despite sticky inflation, signaling a favorable quarter ahead and further upside for two of our retail stocks. Since Amazon is the largest e-commerce retailer, the government data suggests Amazon sales in the third quarter should be positive sequentially. Case for Costco Strong August retail sales numbers also bode well for Costco which essentially sells most items listed in the government's dataset. According to Jim, Costco has been doing so well because "the consumer seems very intrigued by bargains," as they've dealt with high inflation for over a year. For August, Costco said U.S. sales rose 2.8% from a year ago, slightly edging out the year-over-year, inflation-adjusted 2.5% gain in U.S. retail sales overall, reported by the Commerce Department.
Persons: we're, Morgan Stanley, Amazon's, Jim Cramer, bode, Jim, Jefferies, Costco's Kirkland, Jim Cramer's, Robert Nickelsberg Organizations: Texas, Costco, Amazon, Deal, Management, Commerce Department, Jefferies, Telsey Advisory, CNBC, Costco Wholesale, Getty Locations: U.S, Colchester , Vermont
Three Stock Lunch: Oracle, Papa John's and United Healthcare
  + stars: | 2023-09-05 | 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 EmailThree Stock Lunch: Oracle, Papa John's and United HealthcareDavid Katz, Matrix Asset Advisors chief investment officer, joins 'Power Lunch' to discuss the latest Barclay's Oracle upgrade, how to trade Papa John's after it was moved from mid-cap to a small-cap index and end of year projections for United Healthcare.
Persons: Papa John's, United Healthcare David Katz, Papa Organizations: United Healthcare, Matrix Asset Advisors, Oracle
Salesforce 's latest earnings have Goldman Sachs even more excited for the tech stock's future. A day earlier, Salesforce reported fiscal second-quarter earnings and revenue that beat expectations , while also issuing better-than-forecasted guidance for the current quarter. Goldman Sachs analyst Kash Rangan raised his price target on Salesforce by $15 to $340 per share, implying upside of 58.1%. His price target would mark a continuation of this year's rally, with the stock already up more than 62% in 2023. "Salesforce delivered strong results, even despite the negative investor sentiment heading into the print," he said.
Persons: Salesforce, Goldman Sachs, Kash Rangan, Rangan, couldn't, Brad Sills, Brad Zelnick, Lenschow, — CNBC's Michael Bloom Organizations: Microsoft, Adobe, Intuit, Autodesk, of America, Deutsche Bank Locations: CY24, reaccelerating
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market has reacted to Powell's comments neutrally, says former Dallas Fed President FisherRichard Fisher, Barclay's senior advisor and former U.S. Federal Reserve Bank of Dallas president, joins 'Halftime Report' to discuss the market reaction to Powell's Jackson Hole remarks, Fed Chair Powell's professional expertise, and the economy's strength.
Persons: Fisher Richard Fisher, Barclay's, Powell's Jackson Organizations: Dallas Fed, U.S . Federal Reserve Bank, Dallas
[1/3] Protesters march following the verdict in the trial of former Minneapolis police officer Derek Chauvin, found guilty of the death of George Floyd, in Brooklyn, New York City, New York, U.S., April 20, 2021. REUTERS/Jeenah Moon/File PhotoNEW YORK, July 20 (Reuters) - The city of New York has agreed to pay $13 million to hundreds of people arrested during the 2020 George Floyd demonstrations, according to attorneys for the plaintiffs, who said it was the largest class action settlement ever paid to protesters in the United States. The city agreed Wednesday to pay $9,950 to each of the more than 1,300 protesters arrested by New York police officers during various protests between May 28 and June 4, 2020, according to a release by the attorneys for the plaintiffs. "The City and NYPD remain committed to ensuring the public is safe and people’s right to peaceful expression is protected," it said. In a separate settlement in March, New York agreed to pay an estimated $7 million to more than 300 people arrested during a June 4, 2020, demonstration in New York's Bronx borough.
Persons: Derek Chauvin, George Floyd, Floyd, Black, Remy Green, Colleen McMahon, Savitri Durkee, Rachel Nostrant, Aurora Ellis Organizations: REUTERS, New York, City, NYPD, New York Police Department . People, U.S, Protesters, Barclay's, Thomson Locations: Minneapolis, Brooklyn , New York City , New York, U.S, New York, United States, New York City, City, Brooklyn, , New York, New York's Bronx
UK's BMA union willing to cancel strikes for suitable pay offer
  + stars: | 2023-07-03 | by ( ) www.reuters.com   time to read: +2 min
[1/2] Junior doctors hold placards during a strike, amid a dispute with the government over pay, in London, Britain April 11, 2023. REUTERS/Maja Smiejkowska/File PhotoJuly 3 (Reuters) - The British Medical Association (BMA), which represents about 45,000 junior doctors in England, said on Monday its members were willing to cancel strikes if the government presented them with a suitable pay offer. Separately, BMA's consultants committee also called on the government last month asking for a credible pay offer, to avoid strikes on July 20 and 21. The consultants committee said it is willing to cancel strikes if a suitable offer is presented. The BMA has said the latest pay offer of a 5% increase for 2023/24 was not credible since it was "nowhere near addressing pay erosion over the last 15 years."
Persons: Maja Smiejkowska, Vivek Trivedi, Rishi Sunak, Vishal Sharma, Steve Barclay, Barclay, Lavanya Ahire, Robert Birsel, Jacqueline Wong Organizations: REUTERS, British Medical Association, BMA, BMA Junior, British Health, Times, of Health, Social, Thomson Locations: London, Britain, England, Bengaluru
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's value is dismissing fundamental challenges, says Barclay's Dan LevyDan Levy, senior autos analyst at Barclays, joins 'The Exchange' to discuss the decision to downgrade Tesla, growing competition in the EV space, and more.
Persons: Barclay's Dan Levy Dan Levy Organizations: Barclays
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLoan losses for banks will rise, but will be manageable, says Barclay's Jason GoldbergJason Goldberg, Barclay senior equity analyst, joins 'Closing Bell: Overtime' to discuss bank earnings heading into regional banks reporting next week.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMargins will be under pressure as inflation comes down, says Barclay's Venu KrishnaG Squared’s Victoria Greene and Barclay Investment’s Venu Krishna, join 'Closing Bell: Overtime' to discuss market expectations and outlook.
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