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☆ Evercore's Roger Altman on the Fed's inflation fight, state of the economy and Harris' DNC speech
▼ + stars: | 2024-08-23 | 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 EmailEvercore's Roger Altman on the Fed's inflation fight, state of the economy and Harris' DNC speechRoger Altman, Evercore founder and senior chairman, joins 'Squawk Box' to discuss the Fed's inflation fight, what to expect from Fed Chair Powell at the Jackson Hole symposium todaystate of the economy, Kamala Harris' DNC speech, and more.

Persons: Roger Altman, Harris, Powell, Kamala Harris Organizations: Evercore, DNC

☆ Chipotle's Brian Niccol is 'the guy' to turn around Starbucks' premium brand, says Evercore's Palmer
▼ + stars: | 2024-08-13 | 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 EmailChipotle's Brian Niccol is 'the guy' to turn around Starbucks' premium brand, says Evercore's PalmerDavid Palmer, Evercore ISI analyst, joins 'Squawk on the Street' to discuss the challenge of reestablishing the premium brand Starbucks once was, why the analyst didn't rerate Starbucks' stock, and much more.

Persons: Brian Niccol, Evercore's Palmer David Palmer, didn't

☆ We are set up for 'very nice fall' in the housing sector, says Evercore's Stephen Kim
▼ + stars: | 2024-08-09 | 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 EmailWe are set up for 'very nice fall' in the housing sector, says Evercore's Stephen KimStephen Kim, Evercore ISI head of housing research, joins 'Money Movers' to discuss the Fed's rate path impact on the housing sector, why homebuilder stocks are incredibly cheap, and what investors should buy at today's levels.

Persons: Evercore's Stephen Kim Stephen Kim, Evercore

☆ A September Fed cut is unlikely to impact mortgage rates, says Evercore's Stephen Kim
▼ + stars: | 2024-08-07 | 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 EmailA September Fed cut is unlikely to impact mortgage rates, says Evercore's Stephen KimStephen Kim, Evercore ISI senior managing director, joins 'Power Lunch' to discuss interest rates and the housing market.

Persons: Evercore's Stephen Kim Stephen Kim

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Persons: Read, Merrill, Miles you've, Miles you’ve, Miles, There’s, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Chase, Cardholders, cardholders, you've, you'll, You'll, It's, Peter Rothbart, he's, Peter, Angela Fung Organizations: FICO's, Chase Travel, Chase, Sapphire, Hotel, FDIC, Bank of America, Bank of America's, of America, Bank of America Travel Center, TSA, Travel Insurance, Discover's, Discover . Discover, Capital, One, Premier, Express, American Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, Global, Saks Fifth, Saks Fifth Avenue, Business, Finance, TSA PreCheck, PreCheck, Resorts Locations: Hulu, Wells, Seattle , Washington, Vegas, Pacific

☆ CFRA raises S&P 500 outlook, sees 11% gain over the next 12 months
▼ + stars: | 2024-08-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

CFRA Research sees more upside for the benchmark S & P 500 over the next 12 months, even if the risk of near-term profit taking looms. The higher forecast implies a year-end target of 5,770 for the S & P 500, or a 4.5% uptick from Wednesday's close for the benchmark. Stovall's previous year-end S & P 500 target called for 4,940. A combination of more stable supply-and-demand dynamics coupled with a widening of market gains supports the more bullish outlook, CFRA said. The S & P 500 has a roughly 14% gain this year, compared to the Nasdaq Composite's roughly 15% advance.

Persons: Sam Stovall, Evercore's Julian Emanuel, CFRA, Russell Organizations: Research, Federal Reserve, Nasdaq Locations: Wednesday's

☆ Glencore's ex-head of oil charged with bribery offences by Britain's Serious Fraud Office
▼ + stars: | 2024-08-01 | by ( ) www.cnbc.com time to read: 1 min

An employee stands by a logo for Glencore Agriculture in Glencore Plc's offices in Rotterdam, Netherlands. Glencore's former head of oil Alex Beard has been charged with bribery offences relating to the Swiss commodity trader's operations in Africa, Britain's Serious Fraud Office said on Thursday. Beard, 56, is charged with two conspiracies to make corrupt payments to government officials and officials of state-owned oil companies in Nigeria between 2010 and 2014 and in Cameroon between 2007 and 2014, the SFO said. He is one of five ex-Glencore employees charged with conspiracy to make corrupt payments.

Persons: Glencore's, Alex Beard, Beard Organizations: Glencore Agriculture, SFO Locations: Glencore, Rotterdam , Netherlands, Africa, Nigeria, Cameroon

☆ Evercore's Ross Schlosstein: Vice President Kamala Harris will be business friendly
▼ + stars: | 2024-07-30 | 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 EmailEvercore's Ross Schlosstein: Vice President Kamala Harris will be business friendlyRalph Schlosstein, Evercore chairman emeritus and Warburg Pincus senior advisor, joins 'Squawk Box' to discuss the state of the 2024 election, his thoughts on Vice President Kamala Harris, latest market trends, the Fed's inflation fight, M&A landscape, and more.

Persons: Evercore's Ross Schlosstein, Kamala Harris, Ralph Schlosstein, Warburg Pincus

☆ Evercore's Ralph Schlosstein: Vice President Kamala Harris will be business friendly
▼ + stars: | 2024-07-30 | 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 EmailEvercore's Ralph Schlosstein: Vice President Kamala Harris will be business friendlyRalph Schlosstein, Evercore chairman emeritus and Warburg Pincus senior advisor, joins 'Squawk Box' to discuss the state of the 2024 election, his thoughts on Vice President Kamala Harris, latest market trends, the Fed's inflation fight, M&A landscape, and more.

Persons: Ralph Schlosstein, Kamala Harris, Warburg Pincus

☆ Evercore's Palmer: McDonald's had a 'sobering quarter'
▼ + stars: | 2024-07-29 | 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 EmailEvercore's Palmer: McDonald's had a 'sobering quarter'David Palmer, Evercore ISI managing director, joins 'Squawk on the Street' to discuss McDonald's quarterly earnings results, how concerning the international markets are for fast food, and much more.

Persons: Evercore's, McDonald's, David Palmer

☆ Tesla reports earnings after the bell. Here's what Wall Street has to say
▼ + stars: | 2024-07-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Analysts expect Tesla to post 62 cents in earnings per share on $24.77 billion in revenue. Although the revenue estimate is slightly higher than the $21.30 billion Tesla posted in the first quarter, the earnings forecast is 30% below the previous year. Last quarter, Tesla reported adjusted earnings of 45 cents per share on a 9% decline in revenue to $21.30 billion compared with the fourth quarter. Evercore's Chris McNally also sees further downside to Tesla shares. Jonas holds a $310 price target on Tesla shares, indicating 23% potential upside from Monday's close.

Persons: Tesla, Elon Musk, Ronald Jewsikow, Jewsikow, Dan Levy, Levy, Chris McNally, McNally, Wells, Colin Langan, Langan, Joe Biden's, Morgan Stanley's Adam Jonas, Jonas, — CNBC's Michael Bloom Organizations: Barclays, Tesla, U.S, Trump Locations: Monday's, Wells Fargo

☆ Evercore's Levine on global IT outage: This event clearly proves that cyber needs to be diversified
▼ + stars: | 2024-07-19 | 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 EmailEvercore's Levine on global IT outage: This event clearly proves that cyber needs to be diversifiedPeter Levine, Evercore ISI enterprise software analyst, and BlackCloak CEO Chris Pierson join 'Power Lunch' to discuss CrowdStrike's global tech outage, what this event means for the global business, and more.

Persons: Evercore's Levine, Peter Levine, Chris Pierson

☆ Penn lays off about 100 employees as it focuses on ESPNBet growth
▼ + stars: | 2024-07-18 | by ( Contessa Brewer | ) www.cnbc.com time to read: +2 min

Penn Entertainment will lay off about 100 employees as it focuses on growth for ESPNBet. "This led us to temporarily set aside any potential organizational changes that would typically follow a major acquisition." Penn went on to say it's embarking on a new phase of growth in its interactive business, which include ESPNBet, a $2 billion branding partnership with Disney's ESPN. Penn's release of new ESPNBet features this fall during football season should meaningfully improve its product, Jonas said, and a focus on costs indicate the company's commitment to seeing its investment yield results. Truist has a buy rating on Penn and a price target of $25.

Persons: Jay Snowden, theScore, Snowden, Penn, it's, Barry Jonas, Jonas, Truist Organizations: ESPN, Penn Entertainment, ESPNBet, PENN, CNBC, Disney's ESPN, Donerail, Penn, ESPN Bet Locations: New York

☆ Don't think we'll see a Reagan-like landslide in 2024 presidential race: Evercore's Roger Altman
▼ + stars: | 2024-07-15 | 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 EmailDon't think we'll see a Reagan-like landslide in 2024 presidential race: Evercore's Roger AltmanRoger Altman, Evercore founder and senior chairman, joins 'Squawk Box' to discuss his reaction to the assassination attempt on former President Trump, the impact on the markets, impact on the 2024 race, and more.

Persons: Roger Altman Roger Altman, Trump Organizations: Evercore

☆ 'There's a lot of conversations to be had' about Biden's candidacy, says Evercore's Sarah Bianchi
▼ + stars: | 2024-07-11 | 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 Email'There's a lot of conversations to be had' about Biden's candidacy, says Evercore's Sarah BianchiSarah Bianchi, Evercore ISI head of U.S. public policy and political strategy research, joins CNBC's 'The Exchange' to discuss the U.S. senators caucus lunch with Biden aides, increasing calls for Biden to step aside from presidential race, and more.

Persons: Sarah Bianchi Sarah Bianchi, Evercore, Biden

☆ Evercore's Roger Altman expects two rate cuts in 2024
▼ + stars: | 2024-07-09 | 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 EmailEvercore's Roger Altman expects two rate cuts in 2024Roger Altman, Evercore, joins 'Closing Bell' to discuss the Fed's stance and road to its 2% inflation goal.

Persons: Roger Altman, Evercore

☆ Wall Street is getting even more bullish on stocks
▼ + stars: | 2024-07-09 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Oppenheimer raised its year-end S&P 500 target to 5,900, the second-highest target on Wall Street. The shift makes the firm the second-most bullish on Wall Street. "Just like before, it's a matter of the fundamentals, where they stand right now," John Stoltzfus, Oppenheimer's chief investment strategist, told CNBC. A handful of tech stocks have been doing the heavy lifting for the benchmark index, giving investors pause about how sustainable the current rally is. Correction: July 9, 2024 — An earlier version of this story misstated the date from which Oppenheimer's target indicates 6% upside.

Persons: Oppenheimer, John Stoltzfus, —, Stoltzfus, It's, Goldman Sachs, Marko Kolanovic — Organizations: Service, CNBC, Security, Federal Reserve, UBS, JPMorgan . Locations: Monday's

☆ Top Wall Street analysts see attractive prospects for these 3 stocks
▼ + stars: | 2024-07-07 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

As investors navigate this complicated environment, they may turn to research from top-rated Wall Street analysts as they search for stocks with strong balance sheets and solid growth prospects. With that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Attractive features like Prime Video, Free Same Day Delivery, Prime Music and Grocery made the Prime membership more attractive to the survey respondents. 1 Large Cap Long," with the survey results backing the company's long-term investment thesis. The analyst expects Twilio to gain from the demand for artificial intelligence-based automated responses that ensure timely and cost-effective customer interaction.

Persons: Goldman Sachs, Toshiya Hari, Hari, TipRanks, Mark Mahaney, Mahaney, Amazon's, Grocery, Ivan Feinseth, Twilio, Feinseth Organizations: Micron Technology Chipmaker Micron Technology, MU, Micron, Online, Amazon Retail, Walmart, Amazon Web, North American Retail Locations: FY4Q, U.S

☆ Stocks making the biggest moves midday: Macy's, MicroStrategy, Coinbase, Nvidia and more
▼ + stars: | 2024-07-05 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Nvidia — Shares of the artificial intelligence darling fell 1% after a rare negative call on Wall Street . New Street Research downgraded Nvidia to hold from buy, citing limited upside given the big run already this year. Crypto stocks — Stocks tied to the cryptocurrency plummeted after the trustee for the now defunct Mt. SoftBank Group , Arm Holdings — U.S. shares of SoftBank rose 5.5% after Japanese shares hit their first record high in 24 years on Thursday. Teck Resources — The stock rose more than 2% after Bloomberg reported Thursday that Canada had approved Glencore's $6.9 billion acquisition of Teck's metallurgical coal business.

Persons: Macy's, Stocks, Energy, CleanSpark, Masayoshi, SoftBank, Nio, Zeekr, Li, Emmanuel Papadakis, Teck, Alex Harring, Jesse Pound Organizations: Nvidia, New, Research, Street Journal, Arkhouse Management, Brigade Capital Management, Marathon, SoftBank, Arm Holdings —, Reuters, Francisco Partners, KKR, —, European Union, Li Auto, Novo Nordisk, Novo Nordisk's Ozempic, Deutsche Bank, Harvard Medical, Bloomberg, Getty Locations: SoftBank, Europe, Novo, Teck

☆ CNBC Daily Open: UK Labour landslide election victory
▼ + stars: | 2024-07-05 | by ( Abid Ali | ) www.cnbc.com time to read: +3 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. UK Labour wins landslide victoryThe center-left Labour Party has won a landslide victory, ending 14 years of Conservative rule. Samsung shares climbed 2.84%, hitting their highest level since January 2021. Here are Evercore ISI's best stock ideas for the second half.

Persons: Keir Starmer's, Tony Blair's, Rishi Sunak, Brexiteer Nigel Farage, jeopardizing, Korea's Kospi, nonfarm payrolls, Saks, Neiman Marcus, Bergdorf Goodman Organizations: New York Stock Exchange, CNBC, Labour, Labour Party, Conservative, Keir Starmer's Labour, Party, Nikkei, Samsung, Samsung Electronics, CSI, S3 Partners, Saks Fifth, HBC, Saks, ISI Locations: May's

☆ Earth's inner core reversed direction and is slowing down, and scientists don't know why
▼ + stars: | 2024-07-02 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +5 min

Below your feet, about 3,400 miles down, is Earth's inner core. The data implies that in 2010, the inner core reversed its rotational direction compared to the Earth's surface — a phenomenon called backtracking. Now, the inner core is rotating more slowly than before the shift. Related storiesBut a recent study offers a new way of looking at the data that could help settle the debate. Proving the inner core is backtrackingJohn Vidale is part of the new research that offers more evidence to the notion that the inner core is backtracking.

Persons: aren't, It's, John Vidale, Stephen Gee, Vidale Organizations: Service, Business, University of Southern, USC Locations: University of Southern California, South Sandwich Islands

☆ An ex-Googler reveals why she's selling her construction startup to a Saudi company with still a year of runway in the bank
▼ + stars: | 2024-07-02 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

She's now selling her startup to WakeCap, a Saudi Arabia-based company that has contracts with many of the kingdom's construction megaprojects such as "desert cities." Instead, Eisnor exited early, selling her startup to help it scale faster. WakeCapBuilt toughFor nine years, Eisnor had a front-row seat at a tech rocketship, Waze, the Israeli-born maps and navigation company. "There is a reality in construction software that a lot of the names that you might know, they're going to be hovering around, say, $10 million in ARR. Eisnor is staying on as chief strategy officer, and Crews by Core's chief technology officer, Gene Gutnik, now leads tech for the combined company.

Persons: Ann Eisnor, Crews, Eisnor, I'm, Caterina Fake's, Hassan Albalawi, Albalawi, Kajima, —, WakeCap's Albalawi, they're, Gene Gutnik, WakeCap Organizations: Service, Business, NFX, GV, Google, McKinsey & Company, Autodesk, Core, Core's Locations: Saudi Arabia, United States, Saudi, Silicon, Silicon Valley, Israeli, hyperscale, WeWork

☆ Evercore's Roger Altman: No indication Biden is prepared to 'step aside' from presidential race
▼ + stars: | 2024-07-01 | 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 EmailEvercore's Roger Altman: No indication Biden is prepared to 'step aside' from presidential raceRoger Altman, Evercore founder and senior chairman, joins 'Squawk Box' to discuss the fallout from the first debate, why President Biden is in no mood to step aside from the presidential race, and more.

Persons: Roger Altman, Biden Organizations: Evercore

☆ Amazon is getting an impressive number of people to watch Prime Video, new data reveals
▼ + stars: | 2024-06-26 | by ( Lucia Moses | ) www.businessinsider.com time to read: +1 min

Amazon's Prime Video engagement is at 80%, boosting its standing against Netflix. Evercore ISI data suggests Prime Video's user satisfaction and viewership are on the rise. AdvertisementAmazon has been trying to break into TV for close to three decades, starting with the launch of Prime Video in 2006 and Amazon Studios, now Amazon MGM Studios, in 2010. A new Evercore ISI survey of 1,100 Amazon users showed that the share of users who watch Prime Video is a "consistently high" 80%. This year, 50% of Prime Video watchers surveyed said they're watching more than before, an uptick from 38% in 2023.

Persons: — Organizations: Netflix, Amazon, Service, Amazon Studios, Amazon MGM Studios, ISI, Business

☆ Both government spending cuts and revenue should 'be on the table,' says Evercore's Sarah Bianchi
▼ + stars: | 2024-06-26 | 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 EmailBoth government spending cuts and revenue should 'be on the table,' says Evercore's Sarah BianchiEvercore ISI's Sarah Bianchi joins CNBC's 'Squawk Box' to discuss whether tax cuts result in growth or deficits, potential policy outcomes, and more.

Persons: Evercore's Sarah Bianchi Evercore ISI's Sarah Bianchi, CNBC's

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