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☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Citi, CVS, American Express, Amazon, Kroger & more
▼ + stars: | 2024-12-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Bernstein downgrades FedEx to market perform from outperform Bernstein said it was downgrading FedEx ahead of earnings later this month due to fears about execution. "We are upgrading Citi to Outperform from Market Perform owing to its discounted valuation and the meaningful lag in its shares relative to peers since October earnings." Deutsche Bank upgrades CVS to buy from hold Deutsche says it sees "improving profitability" for CVS. BMO downgrades Kroger to market perform from outperform BMO says the grocery store stock is overvalued. Bank of America reiterates Apple as buy Bank of America says it's sticking with its buy rating Apple following data showing an increase in App Store revenue.

Persons: Wells, Bernstein, KBW, Jefferies, Morgan Stanley, CFRA, Tesla, it's, OLLI, Mgmt, Mizuho, MoffettNathanson, Moffett Organizations: Citi, Citigroup, FedEx, Deutsche Bank, CVS, Deutsche, BMO, Kroger, KR, American Express, Holdings, Bank of America, underperform Bank of America, Underperform, " Bank of America, Apple, Nvidia, Data Center, 2027E Locations: Wells Fargo, F1Q25, North America

☆ Stocks making the biggest premarket moves: U.S. Steel, AT&T, Synchrony Financial, CVS and more
▼ + stars: | 2024-12-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves in premarket trading: U.S. Steel — Shares tumbled 7% after President-elect Donald Trump said late Monday he will block the purchase of the steelmaker by Japan's Nippon Steel. A deal was reached in late 2023 for Nippon Steel to buy U.S. Steel, but it has since encountered political opposition. Synchrony Financial — The Stamford, Connecticut-based credit card issuer rose more than 1% after an upgrade to overweight from equal weight at Wells Fargo. Zscaler — The cloud security company forecast for fiscal second quarter revenue nearly matched analysts' estimates, sending shares 7% lower in early trading. CVS Health — Shares rose 1.4% after Deutsche Bank upgraded the drug store chain and pharmacy benefit mansger to buy from hold.

Persons: Donald Trump, Morgan Stanley, Zscaler, Jesse Pound, Hakyung Kim, Sarah Min, Pia Singh Organizations: . Steel, Japan's Nippon Steel, Nippon Steel, Synchrony, Trump, Technology, CVS, Deutsche Bank Locations: Stamford , Connecticut, Wells Fargo

☆ Morgan Stanley says Black Friday made retail winners even more clear. See which stocks it likes
▼ + stars: | 2024-12-03 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Morgan Stanley said Black Friday traffic provided further evidence that some retail names are outperforming their peers. Equity analyst Alex Straton said Black Friday proved to be a "powerful demand catalyst" as shoppers searched for the best deals online and in store. However, the analyst does have an idea of what stocks are currently on the top performers list from the softline retail cohort. Straton called Lululemon the "clear winner" within sportswear. Investors should be discerning when thinking about these retail winners and losers as stock plays.

Persons: Morgan Stanley, Alex Straton, laggards, Straton, Lululemon, bode, LULU, Kate Spade Organizations: Black, LSEG, Wall Street, American Eagle Outfitters

☆ Morgan Stanley has a new AI stock play, that's applying the technology to law enforcement
▼ + stars: | 2024-12-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Axon Enterprise could be set up for continued gains in the months ahead, according to Morgan Stanley. Analyst Meta Marshall upgraded the stock to overweight, and her price target of $700 reflects about 10% upside from Monday's close. This comes as the stock has risen more than 146% year to date. "While the name is expensive and may need to grow into valuation given run YTD, over the long term, we see it as a core holding." "As a result, we are more willing to ascribe value to AI portfolio pulling through other products, which could lead to additional valuation upside (as prelim AI portfolio pull through is likely built into price after recent run)," Marshall continued.

Persons: Morgan Stanley, Meta Marshall, Marshall, FactSet –

☆ We're raising our price target on 2 winning stocks that have tailwinds in the new year
▼ + stars: | 2024-12-02 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Bank price targets: We're updating our price targets on our two bank stocks after they wrapped up a big November. With these tailwinds ahead, we are increasing our Wells Fargo price target to $80 a share from $66 and Morgan Stanley to $140 a share from $130. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, —, Trump, Wells, Morgan Stanley, Wells Fargo, Zscaler, It's, Jim Cramer's, Jim Organizations: CNBC, ., Dow Jones Industrial, Microsoft, Bank, Labor, Treasury, Traders, Jim Cramer's Charitable Locations: Wells, Wells Fargo, pullbacks

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Gap, Block, Marvell, Okta, Netflix, Dell & more
▼ + stars: | 2024-12-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Cantor Fitzgerald reiterates Marvell & Nvidia as top picks Cantor says both stocks remain top picks ahead of Marvell earnings on Tuesday. Goldman Sachs initiates Venom Energy as buy Goldman says it sees "strong shareholder returns" for the energy company. Goldman Sachs downgrades Toast to neutral from buy Goldman says the thesis has played out for the restaurant tech company. Goldman Sachs initiates Ero Copper as buy Goldman says the copper company has a "unique growth profile." Roth MKM upgrades Tesla to buy from neutral Roth said in its upgrade of Tesla that the "world has changed."

Persons: Cantor Fitzgerald, Cantor, it's bullish, Morgan Stanley, Goldman Sachs, Goldman, Stifel, Tesla, Bernstein, Block, Dana, AAPL, Stryker, We'd, Wells, Roth, Dell Organizations: Netflix, Marvell, Nvidia, MU, UBS, Caci International, DHS, AutoDesk, Autodesk, Architective, NET, Energy, Viper Energy, JPMorgan, Air Lease, Burlington, Barclays, NextEra Energy Partners, KT, Deutsche Bank, DELL Locations: France, Germany, AVGO, Cleveland, TOST, Burlington

☆ Stocks making the biggest moves midday: Super Micro Computer, Tesla, Intel, Stellantis and more
▼ + stars: | 2024-12-02 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Tesla — The electric vehicle stock gained more than 3% after a Roth MKM upgrade to buy from neutral. The firm cited President-elect Donald Trump's close ties with CEO Elon Musk as a positive catalyst for Tesla's brand. Gap — Shares of the clothing retailer moved nearly 7% higher after receiving an upgrade to overweight at JPMorgan. Analyst Mike Harris said both cyclical and structural factors, including Trump's views on trade, could aid earnings growth for the broader industry. Dana — The auto parts manufacturer surged 14% on the heels of Barclays' upgrade to overweight from equal weight.

Persons: Pat Gelsinger, David Zinsner, Michelle Johnston Holthaus, Tesla, Roth, Donald Trump's, Elon Musk, Stellantis, Carlos Tavares, Tavares, Goldman Sachs, Mike Harris, Goldman, Okta, Morgan, Morgan Stanley, Dana —, Yun Li, Sarah Min, Sean Conlon, Alex Harring Organizations: Intel, JPMorgan, Commercial Metals Company —, Metals, Barclays Locations: Cleveland, Commercial Metals Company — Cleveland

☆ Analysts love these cheap stocks that have plenty of upside heading into 2025
▼ + stars: | 2024-11-30 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Stocks have had an impressive run this year, with the Dow Jones Industrial Average and S & P 500 ending November trading on a strong note, touching all-time highs this past week. The 30-stock Dow added 1.4% in the latest week while the the S & P 500 and Nasdaq Composite indexes both rose 1.1%. For example, using the CNBC Pro stock screener, we found stocks in the S & P 500 that are trading at a discount and could see significant outperformance in the future. But analysts polled by LSEG have a consensus price target that implies more than 56% potential upside for the stock. But based on analysts' consensus target, Regeneron could return about 44% over the coming year.

Persons: Stocks, Biogen, Wall, JPMorgan, Morgan Stanley, David Arcaro Organizations: Dow Jones Industrial, Dow, Nasdaq, CNBC Pro, Wall Street, LSEG, Regeneron Pharmaceuticals, JPMorgan, Devon Energy, AES, chipmaker Micron Technology Locations: Cambridge

☆ Buy the equal-weighted S&P 500 ETF and short Cathie Wood's Ark Innovation, Trivariate Research says
▼ + stars: | 2024-11-29 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

One way investors can ride the wave of optimism heading into 2025 is by shorting Cathie Wood's ARK Innovation ETF and buying the equal-weighted S & P 500 Index, according to Trivariate Research. ARKK YTD mountain The Ark Innovation fund is on track for its best month of the year. Cathie Wood's Ark Innovation fund has surged almost more than 25% in November alone through Wednesday's close and is on pace for its best month of the year. The Invesco S & P 500 Equal-Weight ETF , which tracks the equal-weighted S & P 500 index, has gained 6.1% in November, still beating the 5.1% gain in the S & P 500. RSP YTD mountain The Invesco S & P 500 Equal Weight ETF.

Persons: shorting, Adam Parker, Morgan Stanley, Donald Trump's, Scott Bessent, Trump, Parker Organizations: Innovation, Research, Nvidia, Apple, Trump, RSP Locations: Mexico, Canada

☆ Ditch all the negativity: Here's what can go right to lift each of our 34 stocks
▼ + stars: | 2024-11-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +20 min

To counter that, Jim Cramer has said investors should not lose sight of what can go right for their stocks. Smooth chip updates: AMD needs to successfully carry out its annual release cycle for AI chips. That needs to be sustained to justify Meta's heavy spending on AI chips. Nevertheless, correcting this dynamic should translate into faster revenue growth rates. Palo Alto Networks Bigger deals: Cybersecurity is a secular growth market: As the number of bad actors grows, companies can't afford to not invest in defense.

Persons: Jim Cramer, Abbott, Donald Trump, Trump, Joe Biden, Eaton, Eli Lilly, Eli Lilly's GLP, Lilly, Hurricanes Helene, Milton, Elliott Management's, Elliott, Jim, Linde, Morgan Stanley Lower, Morgan, Biden, –, Jensen Huang, Palo, Stanley Black, Brian Niccol's, Wells, Jim Cramer's, Timothy A, Clary Organizations: Abbott, Devices, Microsoft, AMD, Nvidia, Justice Department, Services, Trump, Apple, Apple Intelligence, Federal, Bristol Myers Squibb, Bristol Myers, Broadcom, Constellation Brands, Modelo, Costco, U.S, Netflix, Coterra Energy, LNG, DuPont, GE Healthcare, GE, Hurricanes, Honeywell Business, Honeywell, Linde, Meta, Facebook, Federal Reserve, GOP, Nvidia's, Industry, Palo Alto, Decker, Starbucks, Walt Disney Parks, TJX, Jim Cramer's Charitable Trust, CNBC, Traders, New York Stock Exchange, Getty Locations: U.S, BlackRock, Corona, China, Dover, –, New York City

☆ Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast
▼ + stars: | 2024-11-28 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

A Chinese bank worker prepares to count a stack of US dollars together with stacks of 100 Chinese yuan notes at a bank in Hefei, east China's Anhui province on March 9, 2010. STR/AFP | Getty ImagesChinese authorities are contending with a weakening yuan as global investment banks forecast the currency to hit record lows, in anticipation of U.S. president-elect Donald Trump following through with his tariff threats. That would mark the currency's weakest level on record, according to LSEG data going back to 2004. Trump had already pledged 60% or higher tariffs on Chinese goods during his election campaign. The PBOC has been supporting the value of onshore yuan by capping the daily reference rate at 7.20 on the dollar this year.

Persons: Donald Trump, Morgan, Morgan Stanley, Goldman Sachs, Trump, Jonas Goltermann, Kotecha, Wang, Ju Wang, Cedric Chehab Organizations: Getty Images, U.S, UBS, BNP, Barclays, Generale, Morgan, Macquarie Group, Nomura, ING, Oxford, Trump, Capital Economics, FX, Greater China FX, Reuters, BNP Paribas, BMI Locations: Hefei, Anhui, U.S, Asia, China

☆ JPMorgan sees S&P 500 rising to 6,500 in 2025 thanks to AI and deregulation
▼ + stars: | 2024-11-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 will be propelled to new heights in the new year thanks to momentum in artificial intelligence, a resilient economy and the possibility of easier regulation on industries, according to JPMorgan. The labor market has also held up, with more than 100,000 jobs being added in all but one month this year. The S & P 500 is up 4.1% since the Nov. 5 vote. UBS said this week it sees the S & P 500 rising to 6,400 , while Goldman Sachs and Morgan Stanley expect an expansion to 6,500. His 4,200, the lowest in the CNBC Pro Market Strategist Survey , implies 30% downside from Tuesday's close.

Persons: Dubravko Lakos, Bujas, Donald Trump's, Toll, Goldman Sachs, Morgan Stanley Organizations: Nvidia, Federal Reserve, Microsoft, Exxon Mobil, Tesla, Toll Brothers, Citigroup, UBS, Deutsche Bank, CNBC Pro Market, Survey Locations: Tuesday's, U.S

If the IRS has questions about your tax returns or wants to perform an audit, you'll probably be asked to produce your tax records. But of course, it is absolutely not recommended that you skip tax filing or intentionally commit fraud on your tax return. Employment tax recordsBusinesses should keep employment tax records, or payroll records, for at least four years after the last completed tax filing. Tips for organizing and storing recordsThe IRS clearly outlines the guidelines around how long you should keep your tax records. When you're ready to get rid of financial documents or tax records, shredding is the best method.

Persons: you've, Tom Taulli, filers, you'll, Matthew Jenkins, Tanza, Morgan, Read Organizations: Internal Revenue Service, IRS, CFA, CFP, Noble, Finance, Morgan Stanley Wealth Management, Fidelity, BI, Elon University Locations: TheStreet

☆ Watch CNBC's full interview with the 'Closing Bell' investment committee
▼ + stars: | 2024-11-26 | 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 EmailWatch CNBC's full interview with the 'Closing Bell' investment committeeEllen Zentner, Morgan Stanley Wealth Management, Chris Hyzy, Merrill and Bank of America Private Bank, and Liz Young Thomas, SoFi head of investment strategy, join 'Closing Bell' to discuss November's Federal Reserve minutes, current market performance, and more.

Persons: Ellen Zentner, Morgan, Chris Hyzy, Liz Young Thomas, SoFi Organizations: Morgan Stanley Wealth Management, Bank of America Private Bank, November's Locations: Merrill

☆ Don't lose faith in the Big Tech megacaps, Jim Cramer says
▼ + stars: | 2024-11-26 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer told investors not to write off Big Tech megacap stocks, some of which were able to jump on Tuesday after recent declines. Cramer reviewed the action in stocks including Apple , Amazon , Nvidia , Microsoft and Meta . According to Cramer, Apple and Amazon are reaping the rewards of two positive analyst notes, with Bank of America praising the latter's e-commerce and online advertising businesses. Cramer was less certain about the reasons for Tuesday's wins in Meta and Microsoft. "Here's the bottom line: don't begrudge the megacaps," Cramer said.

Persons: CNBC's Jim Cramer, Cramer, Morgan Stanley, Tim Cook's, Donald Trump Organizations: Big Tech, Apple, Nvidia, Microsoft, Meta, Bank of America, President Locations: China

☆ How Trump's new tariff threats knocked one of our stocks but not the market
▼ + stars: | 2024-11-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Investors didn't seem too bothered by President-elect Donald Trump 's new tariff threats Monday evening. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Donald Trump, Amgen, Eli Lilly, Lilly, Jim Cramer's, Trump, Jim, Bill Newlands, Roth MKM, Roth, Amit Mehta, Mehta, Trump's, Morgan Stanley, CNBC's Matthew J, Belvedere Organizations: CNBC, ., Nasdaq, Dow Jones, Dow, Novo Nordisk, Constellation Brands, Modelo, Corona, Justice Department, Anheuser, Busch InBev, Grupo, Google, Reuters, DOJ, Chrome, Economic, of Chicago, Labor Department, Jim Cramer's Charitable Locations: Mexico, China, United States, U.S

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Zoom, Goldman, Amazon, Chevron & more
▼ + stars: | 2024-11-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are the biggest calls on Wall Street on Tuesday: Wells Fargo upgrades Eastman Chemical to overweight from equal weight Wells Fargo says the chemical company is "attractive." HSBC downgrades Goldman Sachs & Morgan Stanley to hold from buy HSBC said the risk/reward is a less attractive. KeyBanc reiterates Nvidia as overweight The firm says it sees "limited competitive risks" for Nvidia shares. Wells Fargo reiterates Starbucks as overweight Wells raised its price target on the stock to $115 per share from $110. Redburn Atlantic Equities reiterates Amazon as buy The firm raised its price target on the stock to $235 per share from $225.

Persons: Wells Fargo, HSBC downgrades Goldman Sachs, Morgan Stanley, Baird, Bernstein, KeyBanc, it's bullish, TD Cowen, Pinterest, Cowen, Wells, Guggenheim, Michael Kors, UAL Organizations: Eastman Chemical, UBS, HSBC, Royal Caribbean, Nvidia, Bank of America, Citi, Chevron, ExxonMobil, SPX, JV, China, Guggenheim, Capri Holdings, Barclays, Apple, and Department of Justice, Google, DoJ, UBS reinstates United, Alaska Airlines, Amazon Web Services, Anheuser, Busch InBev, GAP Locations: Caribbean, China, Delta, DAL

☆ Stocks making the biggest moves midday: Kohl's, Best Buy, Zoom Communications, Stellantis and more
▼ + stars: | 2024-11-26 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

The latest quarter's earnings and sales fell short of Wall Street analysts' estimates, and the CEO will step down in January. Some analysts had been hoping for weight loss up to 25% in the phase two trial. Zoom earned an adjusted $1.38 per share on $1.18 billion in revenue, against Street estimates of $1.31 in earnings per share and $1.16 billion in revenue. Novo Nordisk , Eli Lilly — The maker of diabetes and weight loss drugs rose between 2% and 5%. The Biden administration introduced a new rule allowing Medicare and Medicaid to the cost of weight loss treatments for Americans suffering from obesity .

Persons: Amgen, Morgan Stanley, Dana, Abercrombie, Bernstein, Donald Trump, Stellantis, Ford, Zoom, Eli Lilly —, Biden, CNBC's Hakyung Kim, Pia Singh, Samantha Subin, Jesse Pound Organizations: Street, HSBC, Franklin Resources, Western Asset Management, Dana Inc, Abercrombie, Fitch, LSEG, Royal Caribbean, Chrysler, General Motors, Energy, FactSet, Zoom Communications, Novo Nordisk Locations: LSEG ., Mexico, Canada

☆ Here’s how investors should play the rest of this holiday-shortened trading week
▼ + stars: | 2024-11-26 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Meanwhile, HSBC downgraded Morgan Stanley stock to a hold from buy Monday evening. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Donald Trump's, Jim, Stanley Black, Decker, Wells, Charlie Scharf's, Wells Fargo, Morgan Stanley, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Trump, Wells, Reuters, Federal Reserve, HSBC, Morgan Locations: Canada, Mexico, China, U.S, Wells Fargo

☆ The auto industry is pulling back on its 'capital junkie' tendencies after unprecedented spending on EVs, self-driving
▼ + stars: | 2024-11-25 | by ( Michael Wayland | ) www.nbcnews.com time to read: +12 min

It’s a “capital junkie” that’s been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. Capital junkieThe latest cost-cutting cycle comes nearly a decade after an infamous Wall Street presentation by late-Fiat Chrysler CEO Sergio Marchionne called “Confessions of a Capital Junkie.” The April 2015 report highlighted the industry’s massive capital spending on overlapping or niche products that Marchionne was convinced could be solved through consolidation and shared capital spending. That’s shareholder money.”Most capital spending by automakers isn’t wasted, but the industry isn’t as efficient as other sectors, with minimal return on invested capital. While losing ground in China, GM has been among the most aggressive in spending on EVs and self-driving vehicles. GM and Hyundai this summer entered into an agreement to explore “future collaboration across key strategic areas” in an effort to reduce capital spending and increase efficiencies.

Persons: ” that’s, bender, ” Morgan Stanley, Adam Jonas, It’s, Sergio Marchionne, Marchionne, ” Jonas, Sergio, Joe Hinrichs, ”, Hinrichs, isn’t, “ We’ve, Rebecca Evans, Roland Berger, “, Ford, Peter Rawlinson, “ We’re, Oliver Blume, ” Blume, Paul Jacobson, ” Jacobson, Rivian, ” Marchionne, don’t, codevelop, Stellantis, —, Carlos Tavares, Bernstein, Daniel Roeska, Tavares, ” Tavares Organizations: DETROIT, General Motors, Ford, Nissan Motor, Volkswagen Group, Chrysler, Companies, Research, GM, Volkswagen, Toyota Motor, Fiat, Rivian, Lucid, Fiat Chrysler, Rivian Automotive, Hyundai Motor, Toyota, CSX, ”, Rehab, Nissan, EV, CNBC, VW, Reuters, Honda, BMW, SAIC, Barclays, Saudi, Public Investment Fund, Hyundai, Detroit, French, PSA Groupe, PSA, “ Locations: Detroit, Japan, Germany, That’s, Europe, China, U.S, North America

☆ Stocks making the biggest moves midday: Bath & Body Works, Robinhood, Macy's and more
▼ + stars: | 2024-11-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Bath & Body Works — The Ohio-based personal care company climbed more than 16%, on pace for its best day since November 2022. The retailer raised its forecast for full-year adjusted profit and said it expects a smaller drop in annual sales, boosted by solid demand for personal care products and new store offerings. Robinhood — The financial services provider surged 5% after Morgan Stanley upgraded it to overweight, citing upside from President-elect Donald Trump's looming second term in office. Target's shares have lost about 12% year to date and the stock's 3.6% dividend yield is very "attractive," the firm said. Abercrombie & Fitch — The retailer gained 4% ahead of its third-quarter earnings release , expected Tuesday morning.

Persons: Morgan Stanley, Donald Trump's, Macy's, Oppenheimer, AGCO, Gordon, Abercrombie, Fitch, Biohaven, Piper Sandler, CNBC's Hakyung Kim, Jesse Pound, Yun Li, Michelle Fox, Pia Singh, Scott Schnipper Organizations: Farm Equipment Limited, Gordon Haskett Research, Intel, CNBC, Commerce Department, U.S, Bancorp, Citigroup, Arm, UBS, Santander — ADRs, BDO, Nasdaq, Truist Securities Locations: The Ohio, New York, The Minneapolis, British, Spanish, Santander

☆ Morgan Stanley upgrades Robinhood, sees 50% upside on second Trump term
▼ + stars: | 2024-11-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

A second Trump term could mean more gains ahead for Robinhood , according to Morgan Stanley. Analyst Michael Cyprys upgraded shares to overweight from equal weight and more than doubled his price target to $55 from $24, implying 50.1% upside from Friday's close. Shares have also gained more than 35% in the past month and more than 73% in the past three. HOOD YTD mountain HOOD, year-to-date Cyprys noted that Robinhood is one of the biggest beneficiaries from President-elect Donald Trump's White House win in his coverage univers. The analyst also cited Robinhood's planned acquisition of TradePMR as providing significant optionality for the platform in the long term.

Persons: Morgan Stanley, Michael Cyprys, Cyprys, Donald Trump's Organizations: Trump, Robinhood Locations: HOOD

☆ It will be a high stakes Black Friday. These are the retail stocks you want to own this holiday season
▼ + stars: | 2024-11-25 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +7 min

Every four years, the holiday season is a little more challenging for retailers as consumers get distracted by the selection of the next U.S. president. Citigroup analyst Paul Lejuez expects consumers will spend an average of 13% more this holiday season based on the findings of the bank's consumer survey. "Consumer wallets remain constrained, macro/geopolitical uncertainty persists and the shorter holiday season (five fewer days and Christmas on a Wednesday)," will weigh on spending, analyst Christopher Horvers said. TGT 3M mountain Target shares over the past three months. Sensormatic Solutions, which tracks foot traffic at stores, is predicting that Black Friday will be the busiest shopping day this holiday season, but also expects a lot of last-minute shopping this year.

Persons: Paul Lejuez, Lejuez, Christopher Horvers, Horvers, Circana, they'll, Marshal Cohen, Cohen, Morgan Stanley, Alex Straton, it's, Straton Organizations: Citigroup, National Retail Federation, Target, Dick's Sporting Goods, Academy Sports, Walmart, Circana, Black, Morgan, Nike, Depot, Home Depot Locations: Minneapolis

☆ Analysts see Apple AI efforts boosting sales for a business you might not expect
▼ + stars: | 2024-11-25 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

The results showed that 78% of prospective buyers of AI-enabled iPhones would pay a monthly subscription to get unlimited access to Apple Intelligence features. Similar to Morgan Stanley, the Melius analysts pointed to the delayed release of Apple Intelligence. Similar to Morgan Stanley and Melius, we see Apple's iPhone upgrade cycle as a story in the coming quarters, rather than right now. Don't trade Apple." With the delayed rollout of Apple Intelligence, it's clear to us that users may take longer to switch up to newer models.

Persons: Morgan Stanley, iPhones, gamed, Said, Melius, Jim Cramer, Morgan Stanley's, Jim, It's, Apple's, Donald Trump's, Jim Cramer's Organizations: Apple Intelligence, Huawei, Apple, Research, Management, CNBC, Nurphoto, Getty Locations: China, India, Manhattan , New York

☆ Elon Musk floats buying MSNBC, but he’s not the only billionaire who may be interested
▼ + stars: | 2024-11-25 | by ( Brian Stelter | ) edition.cnn.com time to read: +6 min

Conventional wisdom holds that Musk — the world’s richest man and key Donald Trump ally — and his friends are just joking. But Musk’s posts are adding to the anxiety that MSNBC staffers are feeling about the reelection of Donald Trump and the recently announced spinoff of Comcast’s cable channels. I learned that more than one benevolent billionaire with liberal bonafides has already reached out to acquaintances at MSNBC to express interest in buying the cable channel. Instead, he is moving MSNBC and a half dozen other cable channels into “SpinCo,” a pure-play cable programming company. I have sensed quite a bit of enthusiasm at MSNBC about “SpinCo,” actually, because the new structure should allow for more investment into MSNBC, CNBC and the other brands.

Persons: CNN — Elon Musk, Donald Trump, —, bonafides, Brian Roberts, Benjamin Swinburne, Morgan Stanley, SpinCo, “, ”, Donald Trump , Jr, Joe Rogan, Rachel Maddow’s, Musk, Maddow, Mark Cuban, Trump, Matt Gaetz, Viktor Orbán’s “, Ian Bassin, ” Bassin, Gábor, Kamala Harris, Cuban Organizations: CNN, MSNBC, Twitter, Comcast, “, CNBC, Trump Jr, Former Florida, ” CNN, ”, Democracy, Politico Magazine, Fox Locations: Hungary

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