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☆ Here are Wednesday's biggest analyst calls: Nvidia, Dell, Amazon, Disney, Dick's, Urban Outfitters, Amazon, Ford & more
▼ + stars: | 2024-11-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

JPMorgan upgrades Martin Marietta Materials to overweight from neutral JPMorgan says the building materials company is well positioned. JPMorgan reiterates HP Inc. as overweight JPMorgan says it's standing by the stock following earnings on Tuesday. Bank of America reiterates CrowdStrike as buy Bank of America says trends are improving for CrowdStrike following earnings on Tuesday. Citi upgrades Urban Outfitters to buy from neutral Citi upgraded the stock following earnings and says it likes the retailer's execution. HSBC downgrades CrowdStrike to hold from buy HSBC downgraded CrowdStrike following its earnings and says it sees "limited near-term visibility."

Persons: Goldman Sachs, Goldman, Piper Sandler, Baird, it's bullish, Daiwa, Datadog, CrowdStrike, Bernstein Organizations: Dell Technologies, DELL, JPMorgan, Martin Marietta Materials, HP Inc, Holdings, Disney, DIS, Bank of America, Nvidia, Citi, Urban Outfitters, UBS, Goods, HSBC, CrowdStrike, Ford, General Motors

☆ Eli Lilly shares jump on two big updates and Jim Cramer is so here for it
▼ + stars: | 2024-11-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Eli Lilly shares soared Tuesday on a one-two punch of good news. The second positive development for Eli Lilly comes from Amgen , which reported mid-stage trial results for its experimental obesity treatment known as MariTide. Big picture The prospect of across-the-board coverage of obesity drugs for Medicare and Medicaid enrollees would be a financial win for Eli Lilly, particularly on the Medicare front. For its part, Eli Lilly has said regulators could expand Zepbound's label to cover obstructive sleep apnea by year-end. An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024.

Persons: Eli Lilly, Jim Cramer, Biden, Lilly, didn't, Wegovy, Zepbound, Biden administration's, Donald Trump, Wells, Robert F, Kennedy Jr, Trump, Kennedy —, Kennedy, Novo, Leerink, Eli Lilly's tirzepatide, Piper Sandler, tirzepatide, Piper, Jim, Amgen's, retatrutide, Jim Cramer's, Shelby Knowles Organizations: Novo Nordisk, Medicaid, NBC News, White, Medicare, Centers, Services, STOP, Alliance, Wells Fargo, of Health, Human Services, Food and Drug Administration, Senate, Biden, Club, CNBC, Bloomberg, Getty Locations: New York, Texas, Amgen, Lilly, Brooklyn

☆ 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

☆ Trump names former NFL player Scott Turner as his pick for HUD secretary
▼ + stars: | 2024-11-22 | by ( Piper Hudspeth Blackburn | ) edition.cnn.com time to read: +2 min

CNN —President-elect Donald Trump on Friday named former NFL player and White House official Scott Turner to lead the Department of Housing and Urban Development. If confirmed by the Senate, Turner would lead an agency that enforces fair housing laws, administers mortgage insurance to prospective homeowners and gives rental subsidies to lower-income families, among other things. In 2019, Turner traveled with former HUD Secretary Ben Carson touting the program. After leaving the league, Turner mounted an unsuccessful run for California 50th Congressional District in 2006. He was elected to the Texas House in 2012 and finished out his term in 2017 after losing a bid for the state House speakership.

Persons: Donald Trump, Scott Turner, Turner, Ben Carson, “, ” Turner Organizations: CNN, NFL, White, of Housing, Urban, Senate, Center for Education Opportunity, America, Policy Institute, Council, Trump, Economic, Washington Redskins, Washington Commanders, San Diego Chargers, Denver Broncos, California, Congressional District, Texas House Locations: Texas, Washington

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Nike, Microsoft, Flutter, Amazon, Arm, Affirm, AbbVie & more
▼ + stars: | 2024-11-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Goldman Sachs initiates Flutter as buy Goldman said the online gambling company is well positioned. " Redburn Atlantic Equities reiterates Microsoft as buy The firm said investors should buy the dip in Microsoft shares. Baird upgrades KinderCare to outperform from neutral Baird said investors should buy the dip in shares of the daycare company. Baird upgrades Bright Horizons to outperform from neutral Baird said the daycare company is well positioned. Baird upgrades Elastic to outperform from neutral Baird said the software company is an AI beneficiary.

Persons: Goldman Sachs, Goldman, Piper Sandler downgrades Sunrun, Piper, KeyBanc, Baird, Klarna, Phillip, JPMorgan, it's, Carpenter, Needham, it's bullish, John Donohoe, Elliott Hill, they've, Wells, Truist, Leerink Organizations: Citi, Apple, UBS, Microsoft, RBC, Bank of America, Apple Pay, Phillip Securities, Nvidia, Carpenter Technology, JPMorgan, Nike, " Bank of America, KD, Semiconductors, Global Business Travel Group Locations: 2H25, North America

☆ Piper Sandler highlights the stocks most likely to benefit from bullish market sentiment
▼ + stars: | 2024-11-21 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Wall Street's optimistic tone since Donald Trump secured a return to the White House could have outsized benefits for a handful of stocks that typically gain when sentiment is bullish, according to Piper Sandler. "By many metrics, bullish sentiment is at an extreme," Michael Kantrowitz, Piper Sandler's chief investment strategist and head of portfolio strategy, wrote in a Tuesday note. Against this backdrop, Piper Sandler screened for stocks that are most sensitive to bullish sentiment. Garmin is another stock that historically performs well when market sentiment is high, registering gains 62% of the time. GRMN YTD mountain Garmin stock has gained nearly 60% in 2024.

Persons: Donald Trump, Piper Sandler, Stocks, Michael Kantrowitz, Piper, Uber, Trump, FactSet Organizations: Investors, Uber Technologies, Garmin, Materials, Micron Technology

☆ Johnson: Bitcoin is breaking out, targeting $130,000
▼ + stars: | 2024-11-21 | 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 EmailJohnson: Bitcoin is breaking out, targeting $130,000Craig Johnson, Chief Market Technician at Piper Sandler, sees Bitcoin breaking out toward $130,000 and small/mid-caps outperforming post-election. He notes NVIDIA's reaction reflects high expectations, while Target may see further downside.

Persons: Johnson, Bitcoin, Craig Johnson, Piper Sandler

☆ Goldman's hedge fund stock list is up 30% this year. Here's what's in it
▼ + stars: | 2024-11-21 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Goldman Sachs' list of top-performing longs in hedge funds has seen outsized gains in 2024, a sign that moves made by these firms have paid off this year. The bank's so-called very important positions, or "VIP," list has climbed about 30% year to date. Goldman strategist Ben Snider noted that hedge funds shifted somewhat to cyclical industrials from defensives in the third quarter, allowing them to benefit from the postelection rally. Goldman has a running list of its very important stock picks within hedge fund long holdings. However, most analysts surveyed by LSEG rate the stock a buy or strong buy, consensus price targets suggests shares may drop more than 23%.

Persons: Goldman Sachs, Goldman, Ben Snider, Snider, Mike Tyson, Jake Paul, AppLovin, Piper Sandler, James Callahan, Eli Lilly, Donald Trump, Robert F, Kennedy, Jr Organizations: China ADR, Netflix, Department of Health, Human Services, LSEG Locations: defensives, China

☆ Here's why Dollar Tree and Dollar General stocks have plummeted
▼ + stars: | 2024-11-21 | by ( Ryan Baker | ) www.cnbc.com time to read: +2 min

Dollar stores companies were some best performing stocks in the S&P 500 during the Great Recession, said Piper Sandler managing director Peter Keith. Shares of Dollar Tree — which owns its namesake brand and Family Dollar — and Dollar General have both fallen roughly 50% this year. Lower income Americans, who comprise about 60% of Dollar General sales, are under more pressure to stretch their dollars in the face of high inflation. In its fiscal 2024 second quarter earnings call, Dollar General said those customers are also more reliant on online storefronts, which dollar stores have had less success in rolling out. Both Dollar Tree and Dollar General have also faced numerous worker safety violations over the past decade.

Persons: Piper Sandler, Peter Keith, Keith, Melissa Repko Organizations: Walmart, CNBC

☆ Stocks making the biggest moves premarket: Target, Dolby Labs, Nio, Netflix and more
▼ + stars: | 2024-11-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Target – Shares plunged more than 17% after the Minneapolis-based retailer missed third-quarter earnings and revenue estimates and slashed its full-year guidance, just three months after raising that forecast. Delta Air Lines – The Atanta-based carrier fell more than 1% after reiterating its outlook for the fourth quarter . Nio – U.S. shares fell more than 2% after the Chinese electric vehicle maker posted lower-than-expected revenue for the third quarter. Dolby earned 61 cents per share in its fiscal fourth quarter, above analysts' estimated 45 cents per share, according to FactSet. Powell Industries – Shares of the electrical equipment company fell 13% after new orders in the fiscal fourth quarter fell to $267 million from $356 million in the third quarter.

Persons: NBCUniversal, Brian Roberts, Goldman Sachs, Morgan Stanley, Nio, Dolby, Robinhood, Needham, Keysight, Piper Sandler, Mike Tyson, Jake Paul, —, Alex Harring, Jesse Pound, Pia Singh, Sarah Min Organizations: –, Comcast, CNBC, MSNBC, Delta Air Lines, Delta, FactSet, Dolby, Technologies, Powell, BDO, Nasdaq, Netflix Locations: Minneapolis, Nio –

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Netflix, Microsoft, Robinhood, Amazon, Dell, Chewy & more
▼ + stars: | 2024-11-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Loop reiterates Nvidia as buy The firm said it's standing by the stock heading into earnings on Wednesday. "We see more upside potential and are moving up our target price to $51 from $30. Pivotal reiterates Netflix as buy Pivotal raised its price target on Netflix to a Street high $1,100 from $925. Goldman Sachs reiterates Microsoft as buy Goldman said it's standing by the stock following the company's Ignite Conference in Chicago on Tuesday. Citi downgrades Target to neutral from buy The firm downgraded the stock following earnings on Wednesday morning and says it's losing share.

Persons: NVDA, hasn't, Bernstein, Robinhood, HOOD, Tyson, Paul, Apple, Goldman Sachs, Goldman, Piper Sandler, Piper, Morgan Stanley, it's, DELL, qtr, Guggenheim, Oppenheimer, JPMorgan Chase, Cava Organizations: Nvidia, Deutsche Bank, Gaming, Leisure Properties, Deutsche, Netflix, Bank of America, Walmart, Microsoft, Adobe, JPMorgan, Dell, of America, Underperform, Trump, Barclays, Newell Brands, Citi, Target, TGT, HSBC Locations: Chicago

☆ Nvidia earnings are on deck. Here's what Wall Street is watching for
▼ + stars: | 2024-11-20 | by ( Pia Singh | In | ) www.cnbc.com time to read: +6 min

Expectations are high for Nvidia's earnings. Momentum behind Nvidia's Blackwell ramp Wall Street majors view Nvidia's Blackwell platform — which should be generally available in the January quarter — as a multibillion-dollar revenue opportunity for the chipmaker. Nvidia had said in August that it expected about "several billion" in Blackwell sales during the January quarter. According to Piper Sandler analyst Harsh Kumar, Nvidia could deliver between $5 billion and $8 billion of Blackwell revenue in the January quarter. Analysts are also largely undeterred by recent concerns about a recent report from The Information that Nvidia's Blackwell NVL-72 server racks are experiencing issues with overheating.

Persons: Blackwell, Nvidia's, Piper Sandler, Harsh Kumar, Kumar, Goldman Sachs, Goldman, Toshiya Hari, Nvidia's Blackwell NVL, Vivek Arya, Hopper, Atif Malik, Hari, Nvidia's Hopper, Wells Fargo's Aaron Rakers, Ruben Roy, Roy Organizations: Nvidia, Blackwell, Citi, Nvidia's Blackwell, Bank of America, HSBC, Hopper, Data, Elon

☆ Stocks making the biggest moves midday: Target, Nvidia, AppLovin, Williams-Sonoma and more
▼ + stars: | 2024-11-20 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Williams-Sonoma earned $1.96 per share on $1.80 billion in revenue, while analysts surveyed by LSEG had anticipated just $1.78 in earnings per share and $1.79 billion in revenue. Target — Shares plunged more than 21% after the big-box retailer disappointed on third-quarter earnings and revenue estimates and cut its full-year guidance, just three months after raising that forecast. Target reported only a slight uptick in customer traffic as CEO Brian Cornell noted "lingering softness in discretionary categories." That is better than the $1.57 in earnings per share that analysts were expecting, per FactSet. Dolby earned 61 cents per share in its fiscal fourth quarter, higher than analysts' forecast of 45 cents per share, according to FactSet.

Persons: LSEG, Ford, Piper Sandler, Brian Cornell, Robinhood, Needham, Morgan Stanley, Keysight, Dolby, —, Alex Harring, Brian Evans, Sean Conlon, Yun Li, Michelle Fox Organizations: Sonoma, Ford, U.S, Nvidia, LSEG, —, Air Lines, Delta, Super Micro, BDO, Nasdaq, Dolby, Wall, Qualcomm Locations: Robinhood

☆ Piper Sandler says this tech stock that's up 700% in 2024 has more room to run
▼ + stars: | 2024-11-20 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Mobile app development company AppLovin may have soared more than 700% this year. Piper Sandler thinks the stock is an artificial intelligence winner with more room to run. The firm initiated coverage with an overweight rating and $400 price target on shares, implying shares could climb an additional 24.5% from Tuesday's close. APP YTD mountain AppLovin in 2024 "The stock is up over [700%] YTD, more recently driven more by multiple expansion than estimate revisions. "APP's impressive revenue growth has occurred despite a challenged overall market.

Persons: Piper Sandler, AppLovin, James Callahan, Callahan Organizations: APP, NASDAQ Locations: Tuesday's

☆ Stocks making the biggest moves midday: Walmart, Lowe's, Intuit, Kraft Heinz and more
▼ + stars: | 2024-11-19 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Walmart — The big-box retailer saw shares jump nearly 5% to hit a record after the retail giant topped fiscal third-quarter earnings and revenue expectations. The retailer also hiked its outlook again as it saw growth in e-commerce and improvements in sales outside of the grocery aisles. Lowe's — The home improvement retailer dropped more than 3% after saying it expects sales to decline in 2024 . Kraft Heinz — The packaged food company dipped about 1% after a Piper Sandler downgrade to neutral from overweight. Insmed — Shares rallied more than 8% after the drugmaker terminated a $500 million equity sales agreement with health-care investment bank Leerink Partners.

Persons: Young, Lowe's, Kraft Heinz —, Piper Sandler, Kraft Heinz, Robert F, Kennedy Jr, Trump, —, Wall, Symbotic, Donald Trump's, Jesse Pound, Yun Li, Sarah Min, Alex Harring, Sean Conlon, Pia Singh Organizations: Walmart, BDO, Ernst, Nasdaq, Leerink Partners, Viking Holdings, Revenue, Intuit, Washington Post, Donald Trump's Department, Government

☆ Jefferies says buy this pharmaceutical play, sees more than 100% upside from here
▼ + stars: | 2024-11-19 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Aclaris Therapeutics' recent drug developments could spell more gains ahead, according to Jefferies. Analyst Roger Song upgraded the stock to buy from hold and hiked his price target by $5 to $7, implying about 123% upside from Monday's close. ACRS YTD mountain ACRS, year-to-date Song specifically pointed to the strength of its BSI-045B treatment, which is an anti-thymic stromal lymphopoietin (TSLP) monoclonal antibody for atopic dermatitis (AD). If success, BSI-045B could be the 1st anti-TSLP in the crowded AD space providing differentiated [mechanism of action] [with] improved efficacy [and] safety." This comes as the company announced on Monday that it entered into an exclusive license agreement with Biosion for worldwide rights, excluding greater China, to both that drug and its other anti-TSLP drug known as BSI-502.

Persons: Roger Song, Biosion, Jefferies, Piper Sandler, Christopher Raymond, derm Organizations: Therapeutics, Jefferies, BSI Locations: China, Aclaris

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Meta, Uber, Netflix, Apollo, Datadog & more
▼ + stars: | 2024-11-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Apple, Microsoft and Meta as overweight The firm says "mega-cap tech under-ownership narrows" in the third-quarter but that it's sticking with all three stocks. " UBS upgrades Comfort Systems to buy from neutral UBS says the HVAC company is a beneficiary in tech and data center cooling. UBS upgrades American Water Works to buy from neutral UBS says it sees "consistent" total returns for the water company. " Jefferies reiterates Netflix as buy The firm raised its price target on the stock to $1,000 per share from $800. TD Cowen names Datadog a best idea The firm says the stock is a top idea in 2025.

Persons: Stifel, it's, Morgan Stanley, Okta, –, Jefferies, Uber, Needham, Joby, Piper Sandler downgrades Kraft Heinz, Piper, Kraft Heinz, Piper Sandler, Paul, Tyson, NFLX, TD Cowen, United, Datadog, Scott Thomson, it's bullish Organizations: Nvidia, Apple, Microsoft, Barclays, UBS, Comfort Systems, Works, Edison Electric, Kraft, Apollo, TAM, Netflix, Bank of America, Bank of, Scotiabank, JPMorgan Locations: Bank of Nova Scotia, robotaxis

☆ Tired of your Instagram algorithm? You'll be able to reset it soon for a 'fresh start'
▼ + stars: | 2024-11-19 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

AdvertisementMeta has good news for Instagram users unhappy with their recommendations algorithm. The company is testing giving users the ability to wipe the slate clean and get new recommended content. Meta is gearing the feature toward teens but it'll soon roll out globally to all users. Sick of the recommended content in your Instagram feed? AdvertisementMeta positioned the feature toward its teen users in its blog post, though it isn't age-specific.

Persons: it'll, Meta, you'll, Instagram, –, Adam Mosseri, TikTok Organizations: Meta, Piper

☆ Economist: Trump's 2nd term set to be less inflationary than market predicts
▼ + stars: | 2024-11-18 | 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 EmailEconomist: Trump's 2nd term set to be less inflationary than market predictsPiper Sandler's Nancy Lazar discusses key factors that will drive a disinflationary environment in the next U.S. administration under Trump's policies.

Persons: Piper Sandler's Nancy Lazar

☆ What to watch in Nvidia's earnings on Wednesday
▼ + stars: | 2024-11-18 | 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 EmailWhat to watch in Nvidia's earnings on WednesdayHarsh Kumar, analyst at Piper Sandler analyst, joins CNBC's 'Squawk on the Street' to discuss Nvidia's overheating issue with its chips, what he's looking for in the company's earnings on Wednesday, and more.

Persons: Harsh Kumar, Piper Sandler

☆ Stocks making the biggest moves midday: Moderna, Roku, CVS Health, Robinhood and more
▼ + stars: | 2024-11-18 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Trump Media & Technology Group — Shares in President-elect Donald Trump's media company pulled back roughly 5%. Although the stock has been increasingly volatile in the wake of Trump's election, it has gained more than 52% in 2024. Redfin — The online real estate company's stock slipped 3.4% following a downgrade at Goldman Sachs to sell from neutral. CVS Health — Shares of the drugstore operator jumped nearly 6% following a decision to add four new board members in a deal with Glenview Capital. Moderna — Shares of the biotech company jumped more than 5% after HSBC upgraded the stock to buy from hold and said it views the stock as being undervalued.

Persons: Donald Trump's, Donald Trump, Chris Wright, Wright, Baird, Goldman Sachs, Wells, Needham, Piper Sandler, —, Alex Harring, Sean Conlon, Hakyung Kim, Pia Singh, Michelle Fox Organizations: Spirit Airlines —, Trump Media & Technology, Liberty Energy, Goldman, CVS, Glenview Capital, Aetna, U.S . Securities, Exchange, Nasdaq, Moderna —, HSBC, Warner Bros, —, National Basketball Association Locations: Wells Fargo

☆ Needham upgrades Robinhood to buy, says Trump victory will boost the stock
▼ + stars: | 2024-11-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Robinhood is slated for more gains under a second Trump term, according to Needham. His $40 price target implies nearly 24% upside from Friday's close. Piper Sandler analyst Patrick Moley has also grown more bullish on the stock amid bitcoin's price surge, upping his price target by $6 to $36. Eight of 17 covering the stock have a buy or strong buy rating on the name, while the remaining ones have hold or underperform ratings. The average price target also points to 17% downside.

Persons: Needham, John Todaro, HOOD, Robinhood, Donald, Piper Sandler, Patrick Moley, Moley, bitcoin Organizations: Trump, Securities and Exchange Commission, LSEG Locations: HOOD

☆ An expert in the risks of alcohol drank heavily for years. His 'dry by default' rule helped him drink less, lose weight, and live a fuller life.
▼ + stars: | 2024-11-16 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

Alcohol harm expert Richard Piper used to drink heavily. His 'dry by default' rule helped him reduce the risks of drinking without going sober. Being "dry by default" means Piper will drink on rare occasions rather than most days, for example when non-alcoholic alternative to a beer he likes isn't available. Advertisement"There is no such thing as healthy drinking," Piper said. AdvertisementDrinking doesn't only bring health risks.

Persons: Richard Piper, Piper, Zers, Gallop, Niall Carson Organizations: Gallup, Getty Images Research, European, of Public Health, European Union, US Department of Health, Human Services

☆ Wall Street looks for Nvidia to take the baton from election trades to keep rally alive in the week ahead
▼ + stars: | 2024-11-15 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

What exactly President-elect Donald Trump's second term means for the stock market will be the question investors continue to grapple with in the week ahead. Nvidia earnings results will also be on deck as investors deal with stubbornly high interest rates as well. The Dow Jones Industrial Average surged past 44,000 for the first time ever, and the S & P 500 and the Nasdaq Composite similarly posted new records. Sales of Blackwell and Grace Blackwell are expected to start to show up in results next year. The SPDR S & P Regional Banking ETF has surged 11% this month.

Persons: Donald Trump's, Jimmy Chang, Jensen Huang, CNBC's, Blackwell, Grace Blackwell, Harsh Kumar, Piper Sandler, Kumar, Jensen, Donald Trump, Robert F, Kennedy Jr, Novavax, Ken Mahoney, Trump, There's, Mahoney, Rockefeller's Chang, Chris Rupkey, Jerome Powell Organizations: Dow Jones, Nasdaq, Rockefeller Global Family, Treasury, Nvidia, Blackwell, Health, Human Services Department, Moderna, Asset Management, Regional Banking ETF, Federal, White, FWDBONDS, Housing, Walmart, Lowe's, Palo Alto Networks, Philadelphia Fed, . Kansas City Fed Manufacturing, Ross Stores, Intuit, Deere, PMI, PMI Manufacturing, PMI Services Locations: China, U.S, NAHB, . Kansas, Michigan

☆ Piper Sandler sees 50% upside for this renewable energy play cashing in on the AI data center power trend
▼ + stars: | 2024-11-15 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Bloom Energy may be due for massive gains on the heels of its recent supply agreement with American Electric Power , according to Piper Sandler. Analyst Kashy Harrison upgraded the stock to overweight from neutral and raised his price target by $10 to $20. BE YTD mountain BE, year-to-date On Thursday, Bloom Energy announced that it reached an agreement with AEP to power artificial intelligence data centers and supply up to 1 gigawatt of its products. The company also said that AEP has ordered 100 megawatts of fuel cells, with more orders expected next year. "Given the endorsement of BE's technology from a large utility, agreements with other large players could materialize."

Persons: Piper Sandler, Kashy Harrison, it's, Harrison, Aman Joshi Organizations: Bloom Energy, American Electric Power, BE, AEP

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