DIRS.INFO The most relevant business & tech news

☆ S&P 500 rallies back to old highs, setting up Fed meeting to be make or break moment
▼ + stars: | 2024-09-14 | by ( Michael Santoli | ) www.cnbc.com time to read: +6 min

The market's turn toward treating good economic news as positive for stocks is pictured here in a chart from Citi strategists, showing the three-month correlation between the S & P 500 and the Citi U.S. Economic Surprise index has turned sharply higher. The S & P 500's low for the week was Wednesday morning, right at the 5400 level where it previously hit a low a week ago Friday after a tepid employment report. Forward 12-month S & P 500 earnings forecasts continue to rise smartly, now approaching $270. But, thanks to the past two months of sideways churn, that's down from 21.7 when the S & P first hit its current level in July. And the rally last week could well have front-run any potential positive inference from the Fed's move next week.

Persons: Ally Financial, Ed Hyman, Loretta Mester, William Dudley, John Kolovos Organizations: Citi, Citi U.S, Fed, Ally, CPI, Wall Street, Financial Times, Treasury, National Association of Active Investment, American Association of

☆ A big Fed meeting looms in the week ahead as economic concerns percolate
▼ + stars: | 2024-09-13 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The Federal Reserve is set to meet Tuesday and Wednesday — and is is widely anticipated to make its first interest rate cut after embarking on a hiking campaign in March 2022. As it is, stocks are headed for a winning week ahead of the meeting. On Friday, the CME FedWatch tool showed markets were split how big the rate cut would be. Investors will also watch what Fed policymakers will signal in its summary of economy projections regarding future policy moves. He worries that stocks will rally heading into the central bank meeting, with investors possibly selling the news afterward.

Persons: It's, disinflation, Chadha, CNBC's, Dave Sekera, Giuseppe Sette, Sette, BTIG's Jonathan Krinsky, Morningstar's Sekera, Bank Asset Management Group's Bill Northey, Mills, homebuilder Organizations: Federal, Deutsche Bank, Dow Jones, Nasdaq, Morningstar, U.S, Bank Asset Management Group's, Olive, Darden, FedEx, Index, Retail, Manufacturing, Housing, Philadelphia Fed Locations: U.S, Olive Garden, NAHB

☆ The Fed coin flip: Traders still divided on how deep next week’s cut will be
▼ + stars: | 2024-09-13 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Wall Street is growing more divided on how much the Federal Reserve will move interest rates next week. In fact, the market's mixed outlook ahead of the central bank decision is more unsettled than any time since the Fed started pushing borrowing costs higher in early 2022. Investors are certain that the Fed will begin reducing interest rates next week from their current 5.25% to 5.50% range, but a sense of uncertainty lingers. We do not anticipate any dissents" from voting members of the central bank's Federal Open Market Committee next week, Bank of America's Bhave added. "So if pricing stays where it is currently, it would be the first meeting in years where there's serious uncertainty about the rates decision."

Persons: Henry Allen, Aditya Bhave, Bhave, America's Bhave Organizations: Federal Reserve, Fed, Deutsche Bank, Bank of America, Committee, Bank, America's

☆ Here are Friday's biggest analyst calls: Nvidia, Netflix, Tesla, Kroger, Arm, Oracle, Eli Lilly, PNC, GE Vernova & more
▼ + stars: | 2024-09-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Raymond James initiates Arm as outperform Raymond James said the semis company is well positioned for AI. Citi downgrades Capri Holdings to neutral from buy Citi said the risk/reward is more balanced for the owner of brands like Michael Kors. UBS reiterates Oracle as buy UBS raised its price target on the stock to $200 per share from $175. The feedback on Oracle's top-line growth was overall positive..." UBS reiterates PNC as buy UBS said the bank is a high conviction idea. " Citi resumes Eli Lilly as buy Citi resumed coverage of the stock and says it's well positioned.

Persons: Raymond James, Jefferies, SLG, CFRA, it's, datopotamab, Michael Kors, haven't, Morgan Stanley, EQT, Citi, Eli Lilly, Lilly, Tesla, BEV, Wells Organizations: Arm Holdings, ARM, Citi, Green, Kroger, Macquarie, Rio Tinto, Deutsche Bank, AstraZeneca, Deutsche, Capri Holdings, Barclays, Garmin, GM, BMO, GE, UBS, Oracle, Oracle's, PNC, JPMorgan, Netflix, JPMorgan downgrades Moderna, Nvidia, NVIDIA Locations: GenAI, New York, Rio, RIO, Las Vegas

☆ Stocks making the biggest moves premarket: Boeing, Oracle, Moderna and more
▼ + stars: | 2024-09-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Boeing — The stock sank 4% after Boeing factory workers went on strike early Friday after rejecting a new labor contract. Oracle — Shares of the database software company rallied more than 6%. Oracle lifted its fiscal 2026 revenue forecast and shared strong guidance for the 2029 fiscal year. RH — Shares of the home furnishings retailer surged 21% after a stronger-than-expected second quarter. Adobe — Shares sank more than 8% after the company issued softer-than-expected guidance for the current quarter.

Persons: Max, Kevin Clark, — CNBC's Michelle Fox, Lisa Han, Sarah Min, Jesse Pound Organizations: Boeing, Oracle —, Oracle, Moderna —, JPMorgan, —, Adobe —, Adobe, Aptiv, U.S . Securities, Exchange Commission, AstraZeneca —, Deutsche Bank

☆ Deutsche Bank's Binky Chadha sees room for S&P 500 to run into year-end
▼ + stars: | 2024-09-12 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Deutsche Bank's Binky Chadha lifted his year-end target for the S & P 500 on Thursday, saying the market has more room to run despite current turmoil. He tied this call to the fact that valuations are supported despite being at the top of their fair-value ranges. .SPX YTD mountain S & P 500, year to date He said to expect more choppiness, such as what investors have experienced in recent weeks, even as the market recovers from its current correction. Chadha expects prices to retreat again going into the presidential election, only to rally afterward to year-end. The S & P 500 has added about 2.5% in the third quarter despite rocky trading.

Persons: Chadha Organizations: CNBC

☆ Early indicators for the next bull cycle are just picking up, says Deutsche Bank's Binky Chadha
▼ + stars: | 2024-09-12 | 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 EmailEarly indicators for the next bull cycle are just picking up, says Deutsche Bank's Binky ChadhaBinky Chadha, Deutsche Bank chief global strategist, joins CNBC's 'The Exchange' to discuss what's next for stocks, market expectations going into the election season, and more.

Persons: what's Organizations: Deutsche Bank

☆ Watch CNBC's full interview with Deutsche Bank's Binky Chadha
▼ + stars: | 2024-09-12 | 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 EmailWatch CNBC's full interview with Deutsche Bank's Binky ChadhaBinky Chadha, Deutsche Bank chief global strategist, joins CNBC's 'The Exchange' to discuss what's next for stocks, market expectations going into the election season, and more.

Persons: what's Organizations: Deutsche, Deutsche Bank

☆ UniCredit's Andrea Orcel plays a bold hand, with Commerzbank in his sights
▼ + stars: | 2024-09-12 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

UniCredit 's CEO Andrea Orcel revealed his hand this week as the Italian lender built a 9% stake in Commerzbank — and a takeover bid for the German rival could still be in the cards. UniCredit faces a number of hurdles before increasing its stake after filing a request to "potentially exceed 9.9% of Commerzbank if and when necessary." Commerzbank shares soared on Wednesday when news of UniCredit's position was announced, and compounded gains on Thursday following speculation of an imminent takeover. Whispers cooled in January, however, when Deutsche Bank CEO Christian Sewing said that merger and acquisition activity was not a priority for the group at the time. A UniCredit takeover of Commerzbank would emerge as a rare, if long-awaited, instance of consolidation among Europe's banking titans.

Persons: UniCredit, Andrea Orcel, Orcel, it's, Deutsche Bank CEO Christian Sewing Organizations: Bloomberg, HypoVereinsbank, Alpha Bank, Hellenic Financial Stability, Deutsche Bank, Deutsche Bank CEO Christian, Commerzbank, titans Locations: Commerzbank, Germany, Munich

☆ Deutsche Bank on what stocks to buy if Kamala Harris wins
▼ + stars: | 2024-09-12 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Deutsche Bank has some ideas on which stocks investors will want to hold if Kamala Harris comes out on top in November's presidential election. Following Tuesday night's debate , analyst Nicole DeBlase sent a note to clients looking at the themes and individual companies that stand to benefit from another four years of Democrats in the White House. Here's what she likes in this scenario: Residential construction suppliers, which can benefit from more housing support: Lennox International , Stanley Black & Decker , Carrier Global , Trane Technologies and Pentair Stocks tied to a "more cooperative and less protectionist world order": Stanley Black & Decker, Zurn Elkay Water Solutions Electric product and system makers, assuming an intact Inflation Reduction Act: Eaton , Hubbell , Vertiv HVAC stocks, for the same reason: Lennox International, Carrier Global, Trane Technologies, Johnson Controls International Regulation of per- and polyfluoroalkyl contaminants, known as PFAS: Xylem "From a high level, [a] Harris victory would likely bring more support for lower-income households (via housing subsidies/tax breaks) but higher corporate tax rates, less overt protectionism and legislation that limits/reverses climate change," DeBlase told clients. The election is almost universally expected to be close. One measure of economic "misery " appears to favor Harris, using data analysis from research firm Strategas — but only by a narrow margin.

Persons: Kamala Harris, Nicole DeBlase, Stanley Black, Decker, Pentair Stocks, Eaton, Hubbell, Harris, DeBlase Organizations: Deutsche Bank, Lennox International, Carrier, Trane Technologies, Pentair, Solutions, Johnson

☆ Financials have been on fire lately. These stocks are expected to fly higher from here
▼ + stars: | 2024-09-11 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Financials have been on a tear lately, and some stocks in the space could break out. The S & P 500 financial sector has advanced more than 16% this year and nearly 4% over the past month. It's also jumped 7% during the third quarter, outperforming the S & P 500's 0.3% increase. The S & P 500 and the Nasdaq Composite are both down more than 2% in September. KKR YTD mountain KKR stock.

Persons: It's, Wells Fargo, Nicholas Watts, there's, Matt O'Connor Organizations: Nasdaq, CNBC, Stock, KKR, Atlantic, Global, LSEG, Deutsche Bank, Bank of America, Deutsche, Berkshire Hathaway Locations: U.S, financials, Wells Fargo, Berkshire

☆ Deutsche Bank names Tesla a top pick, says it's in 'a league of its own'
▼ + stars: | 2024-09-10 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Deutsche Bank resumed coverage of the U.S. auto industry and named Tesla a top pick in the process. Analyst Edison Yu reinstated Tesla with a buy rating and price target of $295, which indicates 36% upside from Monday's close. "Tesla is in a league of its own and represents our highest conviction secular leader," Yu wrote in a research note on Monday. "Long-term, Tesla is an emerging leader in autonomous driving (robotaxi) and humanoid robots (Optimus) ... which represent some of the most clear and lucrative applications of end-to-end AI." Back in June, CEO Elon Musk claimed Optimus robots could make Tesla a $25 trillion company one day.

Persons: Tesla, Edison Yu, Yu, ", Elon Musk Organizations: Deutsche Bank, U.S Locations: Europe, China

Deutsche Bank resumed coverage of Tesla with a buy rating, calling it a top pick. He also notched his price target $4 higher to $80, implying shares could gain 16.6% from Monday's close. Along with the new iPhone 16 line, the company unveiled Apple Intelligence for beta rollout next month, or new artificial intelligence capabilities for the iPhone. The iPhone 16 and 16 Plus are available for pre-order starting Friday. "At the core, we do not see Tesla as an automaker but rather a technology platform attempting to reshape multiple industries, deserving of a unique type of valuation framework," the analyst wrote.

Persons: Andrew Obin, Obin, — Hakyung Kim, David Vogt, Vogt, Morgan Stanley, Erik Woodring, Woodring, Goldman Sachs, Michael Ng, Ng, Bernstein, Douglas Harned, Harned, Daniela Nedialkova, Hakyung Kim, Tesla, Edison Yu, Yu, Fred Imbert Organizations: CNBC, Deutsche Bank, Atlantic, Costco, Bank of America, Johnson, Wall Street, Apple Intelligence, UBS, Apple, GE Aerospace GE Aerospace, GE Aerospace, GE Locations: Monday's

☆ Here are Tuesday's biggest analyst calls: Apple, Costco, Nvidia, Palantir, Broadcom, Tesla, Amazon, Meta & more
▼ + stars: | 2024-09-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

"We launch coverage of GE Aerospace with an Outperform rating, target price $201." (ELF) with a Buy rating and a 12-month price target of $175 per share." "We initiate with a Buy rating on Harmony , a commercial stage biotech focused on CNS [central nervous system] disorders." "We are initiating coverage of ProKidney Corp. (PROK) with a BUY rating and $6 price target." We are initiating coverage with a BUY rating and $600 price target."

Persons: Morgan Stanley, Apple, Tesla, it's, Bernstein, Riley, Wolfe, Stryker, BUD, JMP, Redburn, BTIG, Palantir, Goldman Sachs, Nutrien, Goldman, Cantor Fitzgerald, Cantor, Melius, Johnson, Guggenheim, it's bullish, D.A, Davidson, Meta Organizations: Apple, Apple Intelligence, Intelligence, Deutsche Bank, Deutsche, GE Aerospace, GE, Inc, Anheuser, Busch InBev, Oracle, Costco, Equity, Haemonetics, Plasma Solutions, Blood Center, Hospital Care Solutions, " Bank of America, Bank of America, UBS, Amazon, Harmony Biosciences, NTR, Nvidia, Broadcom, Johnson, Johnson Controls, ProKidney Corp

☆ 4 positives to focus on as recession fears grip the market, Deutsche Bank says
▼ + stars: | 2024-09-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

But Deutsche Bank is offering four reasons to stay positive even as recession fears flare. AdvertisementIt's an uncomfortable time for equity investors, with the S&P 500 fresh off its biggest weekly decline in 18 months. Although the Federal Reserve is on the brink of long-awaited rate cuts, concerns have crept into the market that the economy is at risk of a sudden unpreventable softening. But with interest rate cuts ahead and recession fears in the air, investors are more likely to reposition. Rate cuts are on the horizonAdvertisementAll of Wall Street appears to be bracing for the Federal Reserve to lower rates at its policy meeting next week.

Persons: —, Deutsche, There's Organizations: Deutsche Bank, Service, Federal, Wall, Deutsche, Federal Reserve, Treasury, Mortgage Bankers Association

☆ Top banking analyst Mayo says Citi shares can double over the next 2-and-a-half years
▼ + stars: | 2024-09-10 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Wells Fargo bank analyst Mike Mayo highlighted Citigroup stock as his favorite bank name on Tuesday while speaking on CNBC's " Squawk on the Street ." Shares of Citigroup could double over the next two-and-a-half years "simply by going back to tangible book value," Mayo said. Citigroup sold for 73% of tangible book at the end of June, up from 60% at the end of last December, according to FactSet data. "Even after running this model, banks still have plenty of excess capital to support the economy," Mayo noted. "Recession or no recession; higher rates or lower rates … whatever hits you, I think banks are able to weather it quite well now."

Persons: Mike Mayo, Mayo, Jane Fraser Organizations: Citigroup, Federal Reserve, UBS, Lehman Brothers, Credit Suisse, Prudential, Deutsche Bank, Federal Locations: Wells Fargo, . U.S

☆ Starbucks' new CEO just started the job. Here's what he could shake up, from the menu to the C-suite.
▼ + stars: | 2024-09-09 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Niccol, who has spent six years as the CEO of Chipotle, officially took the reigns at Starbucks on Monday. Niccol could also bring big changes to Starbucks' menu and stores. Related storiesNiccol "will bring a similar discipline that will enable Starbucks to better succeed with menu innovation," Charles wrote. New menu items — including those that target new meals and times of the day — could also be on the agenda, Deutsche Bank's Silberman wrote. Niccol could implement a similar strategy at Starbucks and use it to expand Starbucks' breakfast and lunch offerings, she said.

Persons: —, Brian Niccol, Laxman Narasimhan, Niccol hasn't, isn't, didn't, John Ivankoe, Lauren Silberman, John Culver, Roz Brewer, Silberman, Niccol, Chipotle, Cowen, Andrew Charles, Charles, Deutsche Bank's Silberman, Gregory Francfort, skillset, Taco Bell, Eric Gonzalez, Narasimhan, Niccol's, Gonzalez Organizations: Service, Starbucks, Business, JPMorgan, Deutsche Bank, Walgreens, Deutsche, Guggenheim Partners, Taco, Capital Locations: China

☆ 3 ways Wall Street's largest banks are leveraging AI to increase profitability
▼ + stars: | 2024-09-07 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Over the past year, Wall Street's largest names — including Goldman Sachs , Bank of America , Morgan Stanley , Wells Fargo to JPMorgan Chase — ramped up their generative artificial intelligence efforts with the aim of boosting profits. MS YTD mountain Morgan Stanley YTD AI use cases for key businesses Morgan Stanley was among the first on Wall Street to publicly embrace the technology, unveiling two AI assistants for financial advisors powered by OpenAI. Launched in September 2023, the AI @ Morgan Stanley Assistant gives advisors and their staff quick answers to questions regarding the market, investment recommendations, and various internal processes. If it does, that would be welcome news for shareholders after Morgan Stanley's wealth segment missed analysts' revenue expectations in the second quarter . However, As long as these costs don't outweigh return on investment (ROI), we're happy with Wells Fargo and Morgan Stanley's moves to innovate.

Persons: Goldman Sachs, Morgan Stanley, Wells, JPMorgan Chase — ramped, Jamie Dimon, Alexandra Mousavizadeh, OpenAI's ChatGPT, Jeff McMillan, Morgan, McMillan, It's, Morgan Stanley's, Evident's Mousavizadeh, Banks, Mousavizadeh, Tracy Kerrins, Morgan Stanley's McMillan, He's, Morgan Stanley's OpenAI, Teresa Heitsenrether, Jim Cramer's, Jim Cramer, Jim Organizations: Bank of America, JPMorgan, Citi, Microsoft, Nvidia, OpenAI, CNBC, Google, Deutsche Bank, BNP, Mistral, TD Bank Group, Big, Wall, New York Stock Exchange, Bloomberg, Getty Locations: Wells Fargo, Silicon, management's, Wells, New York

☆ Workday stock gains as software provider widens 2027 margin target
▼ + stars: | 2024-08-23 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Subscription revenue growth grew 17%. With respect to guidance, Workday is now looking for an adjusted operating margin of 25.25% in the 2025 fiscal year, compared with the 25% forecast it provided in May. In September 2023, Workday said it was targeting a 25% adjusted operating margin for fiscal year 2027 and subscription revenue growth between 17% and 19%. Deutsche Bank analysts led by Brad Zelnick increased their 12-month price target on Workday stock to $275 from $265. "The increased 30% operating margin target was the big upside surprise as it is now committed both sooner and greater than most were expecting," the analysts wrote.

Persons: Carl Eschenbach, Zane Rowe, Rowe, We're, Brad Zelnick, Piper Sandler, Jerome Powell, Carl Eschenbach didn't, Julie Biel Organizations: Deutsche Bank, Citi, Evercore ISI, Computing Fund Locations: Davos, Switzerland

☆ Here are Wednesday's biggest analyst calls: Nvidia, Tesla, Starbucks, Chipotle, Eli Lilly, Target, TJX Companies, Coinbase and more
▼ + stars: | 2024-08-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Stifel upgrades Starbucks to buy from hold Stifel upgraded the coffee chain following the management shakeup that included a new CEO. Jefferies upgrades Sportradar to buy from hold Jefferies upgraded the Swiss global sports tech company, saying it's becoming "increasingly attractive." Morgan Stanley reiterates Target as overweight Morgan Stanley said it's sticking with its overweight rating heading into Target 's earnings next week. Berenberg reiterates Eli Lilly as buy Berenberg raised its price target on the drugmaker to $1,050 per share from $1,000. TD Cowen upgrades Ilumina to buy from hold TD Cowen sees revenue growth ahead for the biotech company.

Persons: Wolfe, PulteGroup, rais, Brian Niccol, Baird, Tesla, it's bullish, Goldman Sachs, Goldman, Elliott, Wells, Equitrans, ETRN, Jefferies, it's, SRAD, Bernstein, Chipotle, Morgan Stanley, Berenberg, Eli Lilly, Lilly, circumspection, Ross, BURL, ROST, Oppenheimer, TD Cowen, mgmt Organizations: Stifel, RBC, Johnson, underperform RBC, Elliott Management, Barclays, Nvidia, JPMorgan downgrades Emerson, JPMorgan, Deutsche Bank, Deutsche, Ball Corp, Ball Corporation, Montrose Environmental, Stock, Intuit, Citi, Palo Alto, Bank of America, TJX Companies, Argus Locations: Florida, Underperform, Swiss, Montrose, QuickBooks, Burlington, Coinbase, China, Hershey

☆ Reddit's increased reliance on Google traffic has Wall Street anxious to see if visitors sign up
▼ + stars: | 2024-08-14 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +10 min

Reddit calls them logged-out users and, based on some industry estimates, they only monetize at about one-third the rate of logged-in users. The number of logged-out users surpassed logged-in users in the fourth quarter, and the gap has since widened. Logged-in users increased 31% in the second quarter to 42 million, while logged-out users increased at a much more robust rate of 74% to 49.2 million. Alan Gould, managing director at Loop Capital, said Google makes up "the vast majority of the logged-out users." By 2025, Reddit's logged-in users could represent an ARPU of $17.60 compared to $5.90 for logged-out users, Black said, based on the firm's estimates.

Persons: Spencer Platt, Tom Wahlin's, Hacker, Wahlin, we're, Lily Ray, Amsive, Ray, Reddit, Alan Gould, Daniel Konstantinovic, Konstantinovic, Benjamin Black, monetization, they'll, Reddit's, Black, Jen Wong, Wong, Steve Huffman, They'll, Huffman Organizations: New York Stock Exchange, Getty, Aer, Google, U.S, Loop, Deutsche Bank, CNBC, AllGear Digital, YouTube Locations: New York City, U.S, Reddit

Several analysts raised their ratings and price targets on Starbucks a day after news that Chipotle CEO would take over at the coffee chain. Starbucks shares rallied on the news, while Chipotle shares fell. He also lowered his price target on shares to $685 from $750, which implies just 6% upside from Monday's close. Chipotle shares pulled back of 7% comes as decelerating trends and a sector rotation already impacted Chipotle's multiple. Since Niccol took the position of CEO in 2018, Chipotle shares surged more than 770%.

Persons: Bernstein, Fatima Boolani, Boolani, — Hakyung Kim, Eli Lilly Eli Lilly's, Berenberg, Lilly, Kerry Holford, " Holford, Morgan Stanley, Keith Weiss, Weiss, Hakyung Kim, Brian Niccol's, Danilo Gargiulo, Gargiulo, Niccol, Chipotle, Laxman Narasimhan, Brian Niccol, Baird, David Tarantino, Fred Imbert Organizations: CNBC, Citi, Palo Alto, Palo Alto Networks, pharma, Intuit, Starbucks, Deutsche Bank, SBUX Locations: Tuesday's

☆ Stocks making the biggest moves premarket: Kellanova, Alphabet, Flutter and more
▼ + stars: | 2024-08-14 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Kellanova — Shares rose more than 6% in the premarket after the foodmaker agreed to be acquired by snackmaker Mars for $83.50 per share in cash. Flutter — The FanDuel parent popped 6.3% after posting better-than-expected revenue in the second quarter and raising its full-year guidance. Brinker International — Shares of the restaurant chain behind Chili's plunged 15% after Brinker International posted fiscal fourth-quarter earnings that disappointed and issued weaker-than-expected full-year earnings guidance. Adjusted earnings of $1.61 per share came in below the FactSet consensus estimate of $1.72 earnings per share. The Ohio-based company also raised its full-year guidance for earnings per share.

Persons: snackmaker Mars, Brinker, Chili's, Health —, Cardinal, StreetAccount, Brian Niccol, Wells Fargo, Cowen, —, Fred Imbert, Michelle Fox, Pia Singh, Sarah Min Organizations: Bloomberg News, Justice, Brinker International, Holdings —, Intel, Health, Deutsche Bank, Stifel Locations: British, Ohio, Wells

☆ Opinion | Nate Silver on How Kamala Harris Changed the Odds
▼ + stars: | 2024-08-13 | by ( Ezra Klein | ) www.nytimes.com time to read: +81 min

You know, Hillary Clinton, who was, I think, kind of a terrible candidate, won the popular vote by two points. So I don’t think they gave her a very good hand to play. It doesn’t matter who you are, it matters that you’re right and you’re able to prove it or bet on it in some way. What wasn’t in the Harris model that should have been?” “Yeah, maybe you really can meme your way to victory. And there’s something in it that I don’t think she can explain how she does it, but it makes her a fascinating leader.

Persons: Nate Silver, ”, ESPN’s Nate Silver, Silver, He’s, “ Savage, ” “, he’s, Ezra, Harris, we’ve, Kamala Harris, Donald Trump’s, There’s, Hillary Clinton, she’s, She’s, Gavin Newsom, It’s, Biden, I’m, you’re, Joe Biden, Democratic Party Harris, Liz, —, “, Donald Trump, that’s, George W, Bush, Donald Trump wasn’t, it’s, Michael Jackson, Woody Allen, ’, Chick, don’t, George Floyd, ‘ COVID, COVID, Peter Thiel, Elon Musk, Michael Moritz, Elon, Mark Cuban, Thiel, Max Chafkin, Mark Zuckerberg, Larry Page, Sergey Brin, Marc Andreessen, Ted Cruz, Sam Bankman, Tom Brady, SBF, Carrick Flynn, Oregon’s, I’m Carrick Flynn, Tara MacAulay, vouched, Bill Clinton, Tyler Cowen, they’ve, Jane, JD Vance, Peter Thiel’s, Vance, Trump, Steve Bannon, Don Trump, Jr, Tucker Carlson, Tim Walz, Josh Shapiro, Tell, you’ve, Shapiro, Walz, I’ve, Iglesias, Obama, Susan Collins, Joe Manchin —, Jon Tester, ” “ Sherrod Brown, I’d, Dana White, Hulk Hogan, Joe Biden’s, — let’s, Mike Donilon, Kennedy, ” “ Tim Alberta, Georgia —, Brian Kemp, Blake Masters, Rick Scott, ” “ Trump, Doug Burgum, Black, didn’t, — Woodrow Wilson, Harry Truman, Michael Jordan, everyone’s, Nancy Pelosi’s, Nancy Pelosi, Joe ’, we’re, I’ll, John Coates, Richard Rhodes, Natasha Schüll, Natasha Organizations: Oracle, Trump, Democratic Party, Facebook, Twitter, The New York Times, ’ Harvard University, Democratic White House, Republican White House, Democratic, Silver, George, Vegas, Poker, extroversion, Elon, Sequoia Capital, McLaren, Paypal, Republican, New, PAC, Alameda, Las, Ohio Senate, underperform, White, UFC, RNC, Biden, Biden ., National Association of Black Journalists, Deutsche Bank, Manhattan Project, Design Locations: Nate, Russian, Russia, ’, Elon, Florida, predestiny, Bahamas, Sam, Africa, New York, Oregon, Las Vegas, Petersburg, United States, Ohio, Trump, Minnesota, ” “ Pennsylvania, Pennsylvania, Gaza, Chicago, Montana, Nevada, North Carolina, Georgia, Nevada , Arizona, Biden . Georgia, Carolina, Arizona, Ukraine, LA, It’s, Vegas

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Qualcomm, Robinhood, Starbucks, Disney & more
▼ + stars: | 2024-08-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: UBS reiterates Nvidia as buy UBS said it's sticking with Nvidia shares heading into earnings later this month. Wolfe downgrades Qualcomm to peer perform from outperform Wolfe said Apple's internal modem use is finally having an effect on Qualcomm. Jefferies upgrades Par Technology to buy from hold Jefferies said it's bullish on shares of the "pure-play" restaurant tech platform. " Deutsche Bank upgrades Eli Lilly to buy from hold Deutsche upgraded the stock following earnings last week. Bank of America upgrades Churchill Downs to buy from neutral Bank of America said it likes the racing company's growth pipeline.

Persons: Morgan Stanley, Disney, it's, Wolfe, Qualcomm, Wedbush, it's bullish, Jefferies, Walmart Evercore, Piper Sandler, Piper, HOOD, Goldman Sachs, Mills, Goldman, Canaccord, Mizuho, Cummins, Wells, PRU, Eli Lilly, Churchill, Jim Anderson Organizations: UBS, Nvidia, RBC, Ardent Health, Ardent Health Partners, Inc, Qualcomm, Jefferies, Technology, Walmart, HSBC, GE Vernova, GE, Micron, MU, Elliott, Bank of America, Liberty Global, underperform Bank of America, Liberty, Prudential, Allstate, Deutsche Bank, Deutsche, of America, " Bank of America Locations: Asia, Cupertino, Wells, Churchill

Search resuls for: "Deutsche Bank"

25 mentions found