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☆ Disney's comeback has another believer. What Jim Cramer says to do with the stock from here
▼ + stars: | 2024-11-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

The news Evercore ISI raised its Disney price target to $134 per share from $128, implying more than 16.5% upside from Friday's close. Big picture Evercore's Disney price target bump Monday joins a string of analyst PT hikes last week following strong earnings. The recent run in Disney stock is reflective of renewed confidence in management's ability to get its financial house in order. The next big streaming target is for Disney's entertainment direct-to-consumer business to achieve 10% operating margin in fiscal 2026. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Bob Iger, Iger, Jim Cramer, Jim, Jim Cramer's, Minnie Mouse, Disney Organizations: Disney, ISI, ESPN, CNBC Locations: Evercore

☆ Evercore ISI says Trump to drive S&P 500 to 6,600 by mid-2025, gives top stocks to play new policies
▼ + stars: | 2024-11-07 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

The firm said it sees the S & P 500 soaring to 6,600 by the end of June 2025. Already, Trump's win has spurred a huge stock market rally, with the S & P 500 soaring 2.5% on Wednesday to notch its best postelection day in history. Since 1932, the S & P 500 has averaged a 152% gain over 50 months during bull runs. The strategist listed several stocks Evercore thinks could benefit from a Trump win, and some that could outperform even further from a red sweep. Trump's win "could bring more favorable regulatory environment — and WFC is one of the most regulatory-impacted names given outstanding asset cap," the firm said.

Persons: Donald Trump's, It's, Dow, Julian Emanuel, Elect Trump, Emanuel, Goldman Sachs, Evercore, Tesla, Elon Musk Organizations: ISI, Trump, GOP, Goldman, Palo Alto Networks, Israel, Exxon Mobil, Halliburton Locations: Wells, Wednesday's, Wells Fargo, China, Israel, Russia, Ukraine, cyberattacks

☆ Donald Trump is a gifted political athlete, says Evercore's Roger Altman
▼ + stars: | 2024-11-06 | 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 EmailDonald Trump is a gifted political athlete, says Evercore's Roger AltmanRoger Altman, Evercore founder and senior chairman, joins 'Squawk Box' to discuss Donald Trump's victory in the 2024 presidential election, Trump's strength as a candidate, the top issues concerning voters, and more.

Persons: Donald Trump, Evercore's Roger Altman Roger Altman, Donald Trump's Organizations: Evercore

☆ 'Unfortunate' E. Coli disrupted McDonald's return to strength, says Evercore's David Palmer
▼ + stars: | 2024-10-29 | 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 Email'Unfortunate' E. Coli disrupted McDonald's return to strength, says Evercore's David PalmerDavid Palmer, Evercore ISI senior managing director, joins 'Squawk on the Street' to discuss to what degree E. Coli interrupted McDonald's strong quarter, how long the international weakness story will continue, and how the food safety issue will impact McDonald's going forward.

Persons: Evercore's David Palmer David Palmer

☆ Taylor Swift shook off publishers for her new book. That could spell trouble for the rest of the industry.
▼ + stars: | 2024-10-17 | by ( Samantha Grindell | Madeline Berg | ) www.businessinsider.com time to read: +11 min

Taylor Swift is self-publishing "The Eras Tour Book" and releasing it exclusively at Target. By excluding traditional publishers, Swift ensured she would get more of the book's revenue. With her latest announcement, the singer is back to her business-disrupting playbook with "Taylor Swift | The Eras Tour Book." AdvertisementIn what most closely resembles her book deal, Swift self-produced last year's "Taylor Swift: The Eras Tour" film. "Obviously, Taylor Swift is sort of a case under herself for this stuff in terms of just her reach," Hane said.

Persons: Taylor Swift, Swift, —, she's, it's, Clayton Durant, Simon &, Erik Hane, they're, It's, Ashok Kumar, Courtney Maum, Jessica Maddox, Gareth Cattermole, Maddox, Hane, Vittorio Zunino Celotto, Durant, vinyls, Taylor, John Shearer, Beyoncé, Paul Dergarabedian Organizations: Target, Service, Taylor Swift Publications, Nation School of Music, Sports, Entertainment, Simon & Schuster, Macmillan, HarperCollins, Hachette —, Literary, University of Alabama, Department, Universal Music, Big, Bloomberg, Poets Department, AMC, Mojo, Disney Locations: Long, Target, London, TikTok, Milan

☆ Evercore analyst says buy Apple on ability to beat low bar. We see no rush
▼ + stars: | 2024-10-14 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Apple stock jumped Monday after a Wall Street firm touted the iPhone maker ahead of its quarterly earnings report. Analysts said Apple's stock may be able to advance higher on a late October earnings report that merely matches Wall Street estimates, so investors should be positioned accordingly. However, we do agree with Evercore's optimism on AI iPhone integration, and its ability to usher in an upgrade cycle for Apple's flagship device. But with our "own it, don't trade it" view still intact on Apple stock, it's acceptable for the upgrade cycle to get off to a slower start. "I'm for the elongated [upgrade] cycle," Jim Cramer said on Monday.

Persons: Apple, Apple's, Jim Cramer, Jim Cramer's, Jim, Tim Cook, Victor J Organizations: Apple, Street, Bears, Huawei, Apple Intelligence, CNBC, Apple Inc, Blue, Bloomberg, Getty Locations: China, New York

☆ Amazon is becoming Big Tech's king of cash, and Wall Street wants a piece of it
▼ + stars: | 2024-10-09 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Amazon's cash balance is expected to reach almost $400 billion by 2027, far outpacing tech rivals. AdvertisementAmazon's ballooning cash balance is drawing Wall Street's attention. By 2027, Amazon is forecast to have almost $400 billion in cash, far outpacing its Big Tech rivals. Despite the "remarkable" growth in Amazon's cash balance, the company hasn't been as aggressive as other tech companies in rewarding shareholders, he noted. During an April call with analysts, Amazon CFO Brian Olsavsky addressed the question about shareholder returns.

Persons: —, Wall, Mark Mahaney, Mahaney, Evercore's Mahaney, hasn't, Mark Shmulik, Bernstein, Morgan Stanley, Gene Munster, Munster, Andy Jassy's, Brian Olsavsky, Jassy, Olsavsky, Deepwater's Munster Organizations: Service, P Global Market Intelligence, Microsoft, Amazon, Big Tech, Apple, Deepwater Asset Management, Federal Trade Commission, Meta

☆ Amazon Prime Day is expected to gain more global members, benefiting the company: Evercore's Mahaney
▼ + stars: | 2024-10-08 | 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 EmailAmazon Prime Day is expected to gain more global members, benefiting the company: Evercore's MahaneyMark Mahaney, Evercore ISI head of internet research, joins ‘Squawk Box’ to discuss Amazon as the online retail giant's Prime Day kicks off on Tuesday.

Persons: Evercore's, Mark Mahaney

☆ Evercore's Roger Altman: Hard for equities to move up materially because they're already so high
▼ + stars: | 2024-10-04 | 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: Hard for equities to move up materially because they're already so highRoger Altman, Evercore founder and senior chairman, joins 'Closing Bell' to discuss Altman's takeaway from Friday's market action, why the Federal Reserve cut rates by 50 bps, and the senior chairman's investing stance on equity markets.

Persons: Roger Altman Organizations: Evercore, Federal

☆ As Costco sells platinum, experts explain how the precious metal differs from gold
▼ + stars: | 2024-10-04 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Costco sells a broad selection of gold and silver products, and now it's adding platinum to the mix. The wholesaler has already sold through multiple rounds of platinum coins and bars in the past week. AdvertisementCostco shoppers have been snapping up a broad selection of gold and silver products over the past year. Costco now offers platinum products online, including both bars and coins. Related storiesGoldCore's business is primarily in gold and silver, but Russell told BI that platinum makes up a "very small percentage" of what the company sells.

Persons: —, Gary Millerchip, Edward Sterck, Sterck, bode, Mindy Schauer, David Russell, Russell Organizations: Costco, Service, Canadian Mint, Platinum Investment Council, Media, Getty, ICE Locations: Swiss, Orange

☆ This travel concierge's clients are worth at least $100 million. Here's how they do Las Vegas differently — from where to stay to where to eat.
▼ + stars: | 2024-10-03 | by ( Brittany Chang | ) www.businessinsider.com time to read: +7 min

Ultra-luxury travel concierge Sienna Charles' clients have an average net worth starting at $100 million. Its founder explained how its clients do Las Vegas, from the best hotels to the top restaurants. While you'd be right, you'd also be missing one key destination — Las Vegas. India said Las Vegas is a once-a-year trip for some of Sienna Charles' clients. However, unlike most attendees, Sienna Charles' clients also get VIP or backstage access tickets.

Persons: Sienna Charles, —, you'd, Jaclyn Sienna India, Eric Lo, George W, Mariah Carey, Carbone, Bauer, Griffin, Fleur de Lis, Connie Zhou, Kit Leong, Mott, Cipriani, Delilah, Rachel Askinasi, Wynn, Dine, Tayfun, Katy Perry's, Gaga's Organizations: Service, New, Hamptons, Las Vegas Convention, Visitors Authority, Fortune, AaronP, Wynn Las, butlers, Carbone's, Anadolu Agency, Getty, Resorts Locations: Vegas, Las Vegas, London, Paris, Sin, India, Nevada, Vegas India, Wynn Las Vegas, Fontainebleau's, Fontainebleau, Vegas Mott, Peking, New York, York, Las, Wellington

☆ Evercore's Roger Altman on the economy: A nearly perfect overall environment
▼ + stars: | 2024-09-23 | 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 economy: A nearly perfect overall environmentRoger Altman, Evercore founder and senior chairman, joins 'Squawk Box' to discuss the Fed's interest rate decision, state of the economy, whether a soft landing has been achieved, impact of 2024 election on the markets, and more.

Persons: Roger Altman Organizations: Evercore

☆ 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 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 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 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

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