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Here are the biggest calls on Wall Street on Friday: Goldman Sachs upgrades Robinhood to buy from neutral Goldman says Robinhood has "best in class earnings growth." UBS upgrades Kingsoft Cloud to buy from neutral UBS says growth is poised to accelerate from the cloud computing solutions company. UBS initiates Glaukos as buy UBS says the opthalmic disease company has upside potential. UBS upgrades Peloton to neutral from sell UBS said in its upgrade of the stock that it likes the company's new CEO. Bank of America upgrades Altria to buy from neutral Bank of America says the tobacco company is a Trump beneficiary.
Persons: Goldman Sachs, Goldman, Robinhood, Jefferies, Deere, RSG, KC's, KeyBanc, Needham, Jones Lang Lasalle, it's bullish, Guggenheim, Tesla, TD Cowen, Cowen, CLH, Raymond James, Abercrombie, Trump, LY Organizations: Deere, BMO, Republic Services, UBS, Goldman, Accenture, Apple, Nasdaq, Constellation Brands, Beverage, Weyerhaeuser, WY, Bank of America, Jefferies, Caterpillar, Deutsche Bank, Marvell, Broadcom, Nvidia, Fitch, Abercrombie & Fitch, JPMorgan, PT, of America, " Bank of America, Molson Coors, TAP, underperform Bank of America Locations: CN, Canada
As the United States presidential election nears, there's one key theme that's expected to continue regardless of who wins: the reshoring of American manufacturing . Tema ETFs runs the actively managed American Reshoring ETF (ticker RSHO), designed to take advantage of this trend. "The American reshoring fund is built on the foundation that the world's not getting any safer. However, the fund manager cautioned that there could be challenges in hiring skilled labor due to the decline in the United States semiconductor manufacturing industry over the years. TSM 5Y line While TSMC is less than 1% of the American Reshoring ETF, Clean Harbors is a top 10 holding with 4.71% allocated.
Persons: Yuri Khodjamirian, CNBC's, PFAS —, Khodjamirian Organizations: United, Republicans, Democrats, Tema, American, Harbors, Clean Harbors, Taiwan Semiconductor, ETF Locations: United States, Tema, North America, Arizona
The Davenport Equity Opportunities Fund managers are unafraid to be different when it comes to finding high-quality investments to add to their fund. Beyond that, there's little restriction on the types of investments Pearson and Smith are looking at. Owner-operated businesses are a favorite for the fund managers, who prefer to find management that has skin in the game. AdvertisementFinally, the fund managers aren't afraid to hold onto their investments even if the market disagrees with their thesis. "Longer term, I think healthcare is an interesting place to invest just given the innovation, the stable demand, and the importance to society."
Persons: George Smith, Chris Pearson, Smith, who's, Pearson, we're, they're, Stocks, hasn't Organizations: Service, Business, The, The Davenport Equity, Fund, Opportunities Fund, Davenport Equity, Pearson, Nation Entertainment, Ticketmaster, Kinsale Capital Group, Clean Harbors Locations: The Davenport, Davenport, Kinsale, Richmond, Avantor
The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.
Even with an aging fleet, Pyongyang has been able to catch the attention of South Korea and the US. On October 6, 12 North Korean jets were detected practicing air-to-ground attacks near the DMZ, prompting South Korea to scramble 30 of its fighters. On November 4, 80 South Korean fighters were scrambled after 180 North Korean planes were detected on South Korean radar. The activity and scale is unusual given North Korea's air force is widely regarded as the weakest branch of North Korea's military. South Korean troops guard a MiG-19 used by a North Korean pilot to defect to South Korea in May 1996.
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