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☆ Wells Fargo says buy stocks, not the stock market now. Here's its bargain list
▼ + stars: | 2024-08-09 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Recent market turbulence has unearthed some bargain prices for momentum stocks, according to Wells Fargo. He suggests that investors "buy stocks, not the stock market." Here's a closer look at stocks Wells Fargo is eyeing in light of the recent market volatility. Shares of the Facebook parent have gained roughly 45% in 2024, but have slumped 3% over the past month. Eli Lilly has climbed 53% in 2024, but is down roughly 8% over the past month.

Persons: Wells, Christopher Harvey, Harvey, Harvey isn't, Blayne Curtis, Eli Lilly, Lilly, Zepbound Organizations: Services, Nvidia, Jefferies, Facebook, Meta, LSEG, Netflix Locations: Wells Fargo, U.S, Wells

Citi analyst Andrew Kaplowitz upgraded his rating for the heating and ventilation company to buy from neutral. The analyst accompanied the move by upping his price target to $74 from $65, implying that shares of Carrier Global could rally 17% going forward. The financial institution raised its price target for Nvidia to $150 from $135. Analyst Erin Wright stood by her overweight rating on the health insurance stock, reiterating her $595 price target. Wright set a price target of $374, which is 23% higher than the insurance company's Friday closing price of $355.48.

Persons: Goldman Sachs, Andrew Kaplowitz, CARR, Kaplowitz, — Lisa Kailai Han, Jefferies, Blayne Curtis, kingmaker, Curtis, Lisa Kailai Han, Morgan Stanley, UnitedHealth, Morgan Stanley's, Erin Wright, Wright, Bernstein, Stephen Reitman, Ferrari, Reitman, Ferrari's, Sanjeet Aujla, Aujla, BUD, Christopher Danely, Danely, James Schneider, Schneider, Fred Imbert Organizations: CNBC, Monday, Citi, Micron Technology, IBM, Carrier Global, Carrier, Nvidia, Humana, Ferrari, UBS, Anheuser, Busch InBev It's, Busch InBev, Micron, Citi Citi, Dow Jones Industrial, Dow Locations: China, UnitedHealth, U.S, Friday's

☆ Analysts boost Nvidia price targets on strong demand outlook, say 'narrative is clearly nowhere near its end'
▼ + stars: | 2024-05-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Wall Street analysts are turning more bullish on Nvidia yet again following another strong guide from the chipmaking behemoth. "The narrative is clearly nowhere near its end, or likely nowhere near its peak," he wrote, adding that shares appear inexpensive. He expects Nvidia's Blackwell chips to be sold out through 2025. "While it's large enough market that competitors can succeed or even gain share, NVIDIA remains the standard bearer for multifaceted AI," he wrote. Nvidia's results lifted the broader chip sector, with the VanEck Semiconductor ETF (SMH) trading 3% higher in the premarket.

Persons: Tom O'Malley, Bernstein's Stacy Rasgon, Blackwell, Blayne Curtis, Citi's Atif Malik, JPMorgan's Harlan Sur, Goldman Sachs, Toshiya Hari, Sur, Morgan Stanley's Joseph Moore, Nvidia's Blackwell Organizations: Nvidia, Blackwell, Wall, Barclays, Jefferies, NVIDIA, VanEck Semiconductor, Micron Technology, AMD Locations: CY25

☆ Stocks making the biggest moves premarket: GME, NVDA, INTC, KVUE
▼ + stars: | 2024-05-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Kenvue — Shares declined nearly 2% after Kenvue announced Johnson & Johnson will sell its 9.5% stake stake in the company. The consumer health company completed its spinoff from Johnson & Johnson in May 2023. The company's balance sheet deterioration was also a point of concern for the stock, according to the firm. Demand for international travel and a rebound in corporate travel will support the stocks, according to the firm. Incyte — The biopharmaceutical company jumped more than 5% Monday after it approved a $2 billion share repurchase program.

Persons: Kitty, Jefferies, Blayne Curtis, Kenvue, Johnson, Squarespace, Penn, Susquehanna, —, Samantha Subin, Jesse Pound, Michelle Fox, Pia Singh, Fred Imbert Organizations: GameStop, Arm, Nikkei, Nvidia, Intel, Street Journal, Apollo Global Management, Kenvue, Johnson, Penn Entertainment, Bank of America, Airline, American Airlines, HSBC, Delta, Susquehanna Locations: Ireland, Delta

Jefferies raised its price target on the artificial intelligence chipmaker, calling for more than 30% upside. Analyst Biju Perincheril downgraded shares to neutral from positive and slashed his price target by $36 to $56. Ramnani's $531 price target implies upside of 16.2% for Mastercard, while he sees Visa shares advancing 14.7% to $322. — Alex Harring 5:39 a.m.: Jefferies raises Nvidia price target Nvidia's gains won't stop anytime soon, according to Jefferies. After an analyst change, the firm kept its buy rating and raised its price target to $1,200 from $780.

Persons: Jefferies, Biju Perincheril, SolarEdge, Perincheril, — Alex Harring, Tom O'Malley, O'Malley, Seth Seifman, We've, Seifman, Morgan Stanley, Dara Mohsenian, Mohsenian, Alex Harring, Piper Sandler, Arvind Ramnani, Ramnani, Achal Kumar, Kumar, Delta, Blayne Curtis, NVDA, Curtis, Fred Imbert Organizations: CNBC, Nvidia, HSBC, American Airlines, Susquehanna, FactSet, Wall, Micron, Barclays, JPMorgan, GE Aerospace, GE, PepsiCo, Pepsi, PEP, Mastercard, Visa, Technology, Delta Locations: Delta, United, Europe, Monday's premarket

☆ Analysts are going gaga over Nvidia before its earnings next week
▼ + stars: | 2023-08-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Nearly three months after Nvidia shocked Wall Street with blowout earnings and forecast thanks to accelerating AI demand , analysts are still going crazy for the chipmaker. NVDA 3M mountain Nvidia shares over the last three months Curtis justified the run-up in shares this year, noting that more companies are allocating cloud capital expenditure budgets toward AI, and Nvidia shows no signs of a "clear competitor" in the field. Raymond James analyst Srini Pajjuri said that tight supply issues could limit the near-term upside for Nvidia but that the generative AI story remains intact. He also called the steep valuation justified given the Jensen Huang -led company's dominance in AI and machine learning. While Deutsche Bank's Ross Seymore anticipates another "stunning" report and more upside from AI, he retained his hold rating on Nvidia shares.

Persons: Blayne Curtis, Curtis, Piper, Harsh Kumar, Kumar, Raymond James, Srini Pajjuri, Jensen Huang, Pajjuri, Ross Seymore, — CNBC's Michael Bloom Organizations: Nvidia, Barclays, AMD, Deutsche Locations: China

☆ Why this chip stock could be the next Nvidia
▼ + stars: | 2023-05-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Those who missed Nvidia's recent surge may want to consider putting their money in one overlooked artificial intelligence beneficiary: Marvell Technology. The stock surged 181% this year on AI tailwinds. "Not sure we can make sense of the recent AI rally, but this is a name that belongs in the basket." Bank of America analyst Vivek Arya called the chip stock an "underappreciated" AI beneficiary in a recent note. "All in all, MRVL AI revenue is expected to grow at a 100% CAGR from FY23-FY25," Malik said.

☆ Barclays upgrades AMD, says semiconductor maker can maintain server leadership while branching out
▼ + stars: | 2023-01-23 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Advanced Micro Devices could rally as it maintains server leadership and branches out in other areas of technology, Barclays said. Analyst Blayne Curtis upgraded the semiconductor maker to overweight from equal weight. "We would like to see AMD capture more of the AI opportunity and are intrigued by its recently announced MI300 (CPU+GPU shipping in 2H23)." In addition to AMD, Curtis upgraded Qualcomm and Seagate Technology to overweight from equal weight given his improved outlook for companies with exposure to data centers, personal computers and headsets. On the other hand, he downgraded Applied Materials and KLA to underweight from equal weight and Veeco Instruments to equal weight from overweight, citing continued challenges for wafer fab equipment.

☆ Barclays downgrades Analog Devices, says it has yet to price in a correction
▼ + stars: | 2022-10-24 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

There are better names off the bottom in semiconductor stocks than Analog Devices , according to Barclays. Analyst Blayne Curtis downgraded shares of Analog Devices to equal weight from overweight, and lowered the price target, saying the semiconductor stock has yet to price in a correction. The analyst cut the price target to $140 from $180. The new price target is 4.5% below where shares closed Friday at $146.59. The analyst downgraded shares of other semiconductor stocks NXP Semiconductors and Qorvo to equal weight.

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