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☆ Wells Fargo downgrades Amazon on slowing growth expectations, Walmart competition
▼ + stars: | 2024-10-07 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The good times for Amazon may be over for now, according to Wells Fargo. "Amazon is likely still a solid margin expansion story over the long term," he added. "But as Amazon management has said multiple times, margin expansion won't be linear. We, and market consensus, likely became a bit exuberant in our extrapolation of margin expansion trends in 2023 and early '24 to '25 and beyond forecasts." "In addition to cheaper fulfillment pricing than Amazon, Walmart can match Prime's shipping speeds.

Persons: Ken Gawrelski, Gawrelski, Amazon's Organizations: North America Retail, Amazon, Services, Walmart Locations: Wells Fargo, Friday's, SPX

☆ Goldman Sachs is getting more bullish about stocks, raises S&P 500 forecast to 6,000
▼ + stars: | 2024-10-07 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The bank raised its 2024 S & P 500 target to 6,000 from 5,600. Goldman also raised its 12-month S & P 500 target to 6,300 from 6,000. But Goldman thinks ultimately earnings growth will lift markets further before the year is out. The S & P 500 is in the red for October so far. Analysts polled by FactSet expect S & P 500 earnings grew for a fifth straight quarter.

Persons: Goldman Sachs, That's, Goldman, David Kostin, Kostin, Wells, Ken Gawrelski Organizations: Evercore ISI, CNBC, Federal Reserve, FactSet, North America Retail Locations: Friday's

It has a price target of $68, implying more than 1% downside from Friday's close. — Sean Conlon 5:41 a.m.: Jefferies downgrades Apple Oversized expectations for the iPhone could hurt of Apple lower, according to Jefferies. Analyst Edison Lee downgraded the stock to hold from buy, and his price target of $212.92 implies more than 6% downside from Friday's close. His price target of $800, up from $650, implies upside of 11.2% from Friday's close. He kept his $550 price target unchanged, implying downside of more than 23%.

Persons: Piper Sandler, Jefferies, Bernard von, Gizycki, — Sean Conlon, Wells, Ken Gawrelski, Fred Imbert, JPMorgan downgrades Lamb Weston, Lamb Weston, Ken Goldman, Goldman, Edison Lee, Lee, Matt Farrell, Farrell, Kannan Venkateshwar Organizations: CNBC, Netflix, Apple, Alliance, Western Alliance, Deutsche Bank, WAL, Amazon, North America Retail, JPMorgan, U.S, Jefferies, AP, Barclays Locations: Wells Fargo, Europe, Friday's

☆ Buy these 5 tech stocks with upside, including these AI beneficiaries, analysts say
▼ + stars: | 2024-04-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

CNBC Pro combed through Wall Street research to find tech stocks to buy as the second quarter gets underway. They include Microsoft, Amazon, Pinterest, Alphabet and Nvidia. Alphabet Alphabet is lagging a number of its Big Tech peers, but the search giant is worth buying, according to Bank of America. Alphabet - Bank of America, buy rating "In 1Q'24, Alphabet stock has underperformed broader markets and peers. Microsoft - Jefferies, buy rating "While material revs are unlikely until late '24 into '25 and with Semis outperforming Software, investors should start positioning now.

Persons: OpenAI, Jefferies, Brent Thill, Thill, Justin Post, Mark Mahaney, Pinterest, Mahaney, Wells Fargo, …, GOOGL Organizations: Wall Street, CNBC, Microsoft, Nvidia, Big Tech, Bank of America, Post, Amazon, Jefferies, outperforming Software, ISI, Mizuho Locations: OpenAI, Wells, North America, China

☆ Here are Friday's biggest analyst calls: Nvidia, Netflix, Apple, Starbucks, Marvel, Coinbase, IBM, Amazon & more
▼ + stars: | 2024-01-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs upgrades Fiverr to buy from neutral Goldman said the Israeli online marketplace is well positioned for AI. Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating on Amazon shares. Bank of America downgrades Celsius to neutral from buy Bank of America says it sees "uncertainty to sales momentum" for the energy drink company. Deutsche Bank names Starbucks a top pick Deutsche says it sees an improved same-store sales environment for Starbucks in 2024. Bank of America upgrades Teekay Tankers to buy from neutral Bank of America upgraded the tanker stock due to "rising rate upside."

Persons: Stifel, McKhann, thoughtfully, Goldman, Goldman Sachs, FVRR, Raymond James, TXN, Oppenheimer, Morgan Stanley, ASML, Citi downgrades Blackstone, Carlyle, it's bullish, headwinds, Evercore, Price, Apple Evercore, Janney, Jefferies, Hertz Organizations: Broadcom, Semiconductor, Enterprise, Nvidia, Bank of America, Amazon, North, Holdings, Netflix, Deutsche Bank, Starbucks, Deutsche, SSS, UBS, Texas, Barclays, Nokia, Ericsson, Citi downgrades, Citi, BMO, Marvel, " Bank of America, United Rentals, of America, IBM, Enterprise IT, Apple, Shoals Technologies, Inc, HSBC, Discover, Motorola Solutions, HERTZ Locations: North America, 4Q, 2026E, CY24

☆ Cheerios maker General Mills beats quarterly sales, profit estimates on higher prices
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

[1/2] Packages of Cheerios, a brand owned by General Mills, are seen in a store in Manhattan, New York, U.S., November 12, 2021. Its organic average selling prices rose 7 points, while organic volumes were down 2 points. Its pet food segment logged flat organic net sales as customers shifted towards more value-oriented products as well as smaller pack sizes. The Cheerios cereal maker reported net sales of $4.91 billion in the first quarter compared with analysts' expectations of $4.88 billion, according to LSEG data. Excluding one-off charges, General Mills earned $1.09 per share, compared with estimates of $1.08.

Persons: General Mills, Andrew Kelly, Mills, Granth, Krishna Chandra Organizations: General, REUTERS, North, Thomson Locations: Manhattan , New York, U.S, Minnesota, North America, Bengaluru

Reuters GraphicsReuters spoke to four shareholders that have launched activist campaigns who said that some big consumer goods companies are ripe for executive changes after failing to impress. Reuters GraphicsMany large consumer goods companies generally hold low levels of debt and are cash generative, said André Medeiros, managing director and Alvarez & Marsal's EMEA consumer and retail leader. 'ADVOCATING FOR MANAGEMENT CHANGE'Gianluca Ferrari, founding partner of investor Clearway Capital, said his firm had some consumer companies on its radar but declined to name them. He did not identify specific executives nor disclose the nature of his work with consumer companies. In October, Reuters reported that Peltz had approached former CEOs of consumer goods companies as candidates for the Unilever top job.

Persons: Danone's, Emmanuel Faber, David Samra, Samra, Alvarez, Marsal, André Medeiros, Nelson Peltz, Artisan's Samra, We're, Peltz, Heinz, Gianluca Ferrari, Ferrari, Clearway, Glanbia, Faber, Bluebell, Nicolas Ceron, Ceron, underperformance, Kraft Heinz, KHC.O, Andrew Hayes, Russell Reynolds, John Long, Korn, Long, Alan Jope departure's, Unilever's, Graeme Pitkethly, Hein Schumacher, Heinz's, Bill Johnson, Nelson, Richa Naidu, Matt Scuffham, Daniel Flynn Organizations: Artisan Partners, Reuters, Danone, Evian, Unilever, Consumer Products, Reuters Graphics Reuters, Reuters Graphics, Marsal's EMEA, Billionaire, Artisan, Cadbury Schweppes, Heinz, Trian, Bluebell Capital, shareholders, Bluebell, Diageo, Russell Reynolds Associates, Thomson Locations: York, H.J, Frankfurt, Western Europe, North America

☆ Here are Monday's biggest analyst calls: Tesla, Apple, Nvidia, Amazon, Microsoft, Block, Netflix & more
▼ + stars: | 2023-09-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

JPMorgan upgrades Tenable to overweight from neutral JPMorgan said the security software solutions company is "well positioned for better fundamentals." JPMorgan upgrades Nubank to overweight from neutral JPMorgan said it sees an attractive entry point for the Brazilian neobank company. JPMorgan downgrades Brunswick to neutral from overweight JPMorgan said higher interest rates will weight on the marine recreation company in the months ahead. Bank of America reiterates Nvidia as a top pick Bank of America said Nvidia shares remain "compelling" at current levels. " Bank of America initiates Raymond James as buy Bank of America said the financial services company is well positioned and has a defensive portfolio. "

Persons: Morgan Stanley, Tesla, Raymond James, RJF, Evercore, Redburn, Bob Iger, Johnson, Jefferies, Bernstein, Brown, Forman, Baird, it's Organizations: supercomputing, Investors, JPMorgan, TENB, Brazilian, Bank of America, CSX, of America, 3Q, JPMorgan downgrades, Nvidia, AMD, Barclays, UBS, Amazon, Netflix, Disney, Deutsche Bank, Deutsche, Citi, Microsoft Citi, Microsoft, Apple Locations: JPMorgan downgrades Brunswick, North America

☆ General Mills forecasts dour profit as price hikes impact demand
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +1 min

June 28 (Reuters) - General Mills' (GIS.N) full-year profit forecast on Wednesday came in largely below analysts' estimates as the U.S. packaged food maker battles with slow demand for its ready-to-eat cereals and meal kits due to higher prices. Shares of the Cheerios cereal maker fell 4% in premarket trading after General Mills reported a 6 point fall in sales volumes in the fourth quarter. Price hikes to offset inflation in labor, raw materials and transportation has aided top-line growth at U.S. packaged food makers. Increasing caution on part of consumers also impacted their at-home versus away-from-home food choices, and the brands they choose, General Mills said. General Mills forecast fiscal 2024 organic net sales to rise 3% to 4%, while it reported growth of 5% in fiscal 2023.

Persons: Mills, Betty Crocker, Refinitiv, Savyata Mishra, Shinjini Organizations: Pillsbury, Thomson Locations: North America, Bengaluru

☆ Wells Fargo says improving margins, new fulfillment model can boost Amazon shares more than 30%
▼ + stars: | 2023-06-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Amazon 's regional fulfillment center transition could drive more than 30% upside for shares, according to Wells Fargo. AMZN YTD mountain Amazon shares in 2023 The comments show the "regional FC model is already having a meaningful impact to fulfillment and shipping efficiency," Gawrelski wrote. As inflation eases and Amazon transitions to a smaller fulfillment center footprint, Gawrelski expects margins to return to 2018 levels by 2025. "We see North America retail margins improving more quickly than consensus with 2018 margins returning by 2025, implying significant OI upside," he said. Wells Fargo dropped coverage of Amazon when an analyst left earlier this year.

Persons: Ken Gawrelski, Andy Jassy, Gawrelski, Wells, — CNBC's Michael Bloom Organizations: FC, Amazon Locations: Wells Fargo, North America

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