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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

DHAKA, Bangladesh — Bangladesh’s High Court on Sunday acquitted former Prime Minister Khaleda Zia’s son, Tarique Rahman, and 48 others, overturning their verdicts in a deadly 2004 grenade attack on a political rally. Rahman serves as the acting chairperson of Zia’s Bangladesh Nationalist Party while in self-exile in London, and he could become Bangladesh’s next leader if his party is voted into power. A court sentenced 19 of them to death while Rahman got life in prison, with Zia’s party accusing the ruling of being politically motivated. Zia, who ruled the country as prime minister from 2001 to 2006, and Hasina are the country’s most powerful politicians and longtime rivals. Sultan Salahuddin Tuku, brother of one of the people acquitted, speaking at the Bangladesh High Court in Dhaka on Sunday.

Persons: Khaleda Zia’s, Tarique Rahman, Sheikh Hasina, Rahman, Bangladesh’s, Hasina, Shishir, ”, Zia, Muhammad Yunus, Yunus, wasn’t “ Yunus ’, Sultan Salahuddin Tuku, Munir Uz Zaman, Sunday’s Organizations: Bangladesh’s, Bangladesh Nationalist Party, Sunday, ” Hasina’s Awami League, Bangladesh, Court, AFP, Getty, Islami Locations: DHAKA, Bangladesh, India, London, Dhaka, Jamaat

☆ Russian companies are turning to teenagers and retirees amid the country's wartime labor shortage
▼ + stars: | 2024-12-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

AdvertisementRussia's labor shortage has businesses turning to teens and retirees to fill positions. The nation was short around 5 million workers last year, Russia's Academy of Sciences estimated. That adds to last year's 289% increase, with openings for young workers rising from 14,500 to 42,000, the analysis found. The nation is short around 2 million workers, Bloomberg reported, citing an analysis from FinExpertiza, one of the nation's largest auditors. Last year, the Russian Academy of Sciences estimated the nation was short around 5 million workers.

Persons: Putin Organizations: Russia's Academy of Sciences, Bloomberg, Russia's, Russian Academy of Sciences Locations: Russian, Ukraine, Russia

☆ Here's why Jim Cramer says own CrowdStrike and don't give up on Best Buy
▼ + stars: | 2024-12-02 | by ( Matthew J. Belvedere | ) 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. During Monday's Morning Meeting, Jim Cramer said he urges members to be in CrowdStrike shares, which had back-to-back losses Wednesday and Thursday despite the cybersecurity company's beat and raise quarter Tuesday 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, CrowdStrike, George Kurtz, who's, Kurtz, Jim, Stocks, Jim Cramer's Organizations: CNBC, Tech, Nasdaq, Dow, Adobe Analytics, Intel, Burlington Stores, Dell Locations: Nucor

☆ Is health and wellness the next big business opportunity for Asia Pacific?
▼ + stars: | 2024-12-02 | by ( Sponsored Herbalife | ) www.businessinsider.com time to read: +6 min

By Thomas Harms, senior vice president and managing director, Asia Pacific, HerbalifeIn Asia Pacific, the entrepreneurial spirit is thriving as many individuals, from Generation Zs to the Boomers, aspire to own their own businesses. More than three in five (63%) aspiring entrepreneurs in Asia Pacific also plan to start a small business in the next 18 months. While the shifting consumer spending trends reveal a clear potential for growth, will the health and wellness sector present a new wave of business opportunities for Asia Pacific? Growing focus on health and wellness in Asia PacificEarlier this year, Herbalife surveyed 8,000 respondents across 11 markets for the Asia Pacific Business of Wellness Survey. Health and wellness a bright spot for aspiring entrepreneursThe health and wellness industry presents a significant growth opportunity for aspiring entrepreneurs, making the future of entrepreneurship in the region look promising.

Persons: Thomas Harms, Zs, Herbalife Organizations: Boomers, Asia, Healthcare, Bain & Company, Asia Pacific, of Wellness Survey, Bain, Company's, Health, Insider Studios Locations: Asia Pacific, Herbalife, Asia

☆ 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

☆ Rebel groups have taken Syria’s second-biggest city. Here’s who they are
▼ + stars: | 2024-12-02 | by ( Mostafa Salem | ) edition.cnn.com time to read: +4 min

The rebel coalition consists of well-established armed Islamist factions who, despite their differences, are united in fighting Assad, ISIS and Iran-backed militias. Hayat Tahrir Al ShamThe most prominent and formidable one of those rebel groups is Hayat Tahrir Al-Sham (HTS), also known as the Organization for the Liberation of the Levant. Rebel groups were delivered a severe blow after the loss of Aleppo to the Syrian regime in 2016. Hall said Syrian groups relying on Turkey has become “problematic” as it sets its target on Kurdish controlled areas instead of the Assad regime. “Being entirely reliant on Turkey, rather than fighting the good fight for the Syrian people they’re fighting the fight for the Turkish government.

Persons: Bashar Al, Assad’s, Assad, Hayat Tahrir Al Sham, Abu Mohammad al, al, Jolani, ”, ” Natasha Hall, Hall, Bashar al, Mahmoud Hassano, Sham who’s, Al Sham, Ahmed al, Dalati, …, ” Hall Organizations: CNN, ISIS, Hayat, Organization for, Terrorist Organization, PBS, Middle, Washington DC, Strategic, International Studies, Syrian National Army, Liberation, Sharia, ”, Kurdistan Workers ’ Party Locations: Russian, Aleppo, Syrian, Iran, Hayat Tahrir, al Qaeda, United States, Iraq, Syria, Qaeda, Idlib, …, Assad, Turkey, Turkish

☆ Caixin PMI: China’s factory activity expands again in November, beats forecasts
▼ + stars: | 2024-12-02 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

China's manufacturing activity continued to expand among smaller manufacturers in November, signaling that the country's recent stimulus efforts have already helped to lift certain sectors of its ailing economy, according to a private survey released Monday. The Caixin/S&P Global manufacturing purchasing manager's index came in at 51.5, beating the median estimate of 50.5 in a Reuters poll. The Caixin survey tends to feature more small- and medium-sized firms as well as private sector companies, compared to the official PMI survey which typically polls large and state-owned firms. China's economy has shown some early signs of recovery following a slate of stimulus measures introduced from late September. However, Donald Trump's 2024 presidential win has raised concerns over increased tariffs on Chinese goods, which could dent its export sector.

Persons: Donald Trump's Organizations: P Global, PMI, Reuters, People's Bank of China Locations: China

☆ Don’t expect small caps to hold their postelection gain. Look at these other Trump trades instead
▼ + stars: | 2024-12-01 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Small caps have been one of the hottest corners of the markets in the wake of President-elect Donald Trump's election victory four weeks ago. "Small caps right now are a trade, not a fundamental move," Krei added. Krei is also more optimistic on financials, another group that, like small caps, has outperformed following Trump's election. The Financial Select Sector SPDR Fund ETF (XLF) surged 10.5% in November, bringing its 2024 advance to 38% in 2024. The Energy Select Sector ETF (XLE) has risen 16.7% year to date, underperforming the broader market, but jumped 7.8% in November alone.

Persons: Donald Trump's, Andrew Krei, Krei, Russell, Lauren Goodwin, Goodwin, We're, — CNBC's Michael Bloom Organizations: Trump, Crescent Grove Advisors, CNBC, New York Life Investments, SPDR Fund, Sector Locations: New York

☆ Another safety researcher quits OpenAI, citing the dissolution of 'AGI Readiness' team
▼ + stars: | 2024-12-01 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

She is the latest OpenAI researcher focused on safety to leave the company this year. Yet another safety researcher has announced their resignation from OpenAI. Following his departure, the AGI Readiness team disbanded, and its members dispersed across different sectors of the company. The AGI Readiness team advised the company on the world's capacity to safely manage AGI, a theoretical version of artificial intelligence that could someday equal or surpass human intelligence. Advertisement"I've always been strongly driven by the mission of ensuring safe and beneficial AGI and after Miles's departure and the dissolution of the AGI Readiness team, I believe I can pursue this more effectively externally," she wrote.

Persons: Rosie Campbell, Campbell, Sam Altman, Miles Brundage, I've, OpenAI, Altman, it's, Ilya Sutskever, Jan Leike, John Schulman Organizations: OpenAI, Microsoft, AGI Readiness, AGI, Harvard Business School, Fox News, Business Locations: OpenAI, Substack

☆ How China Became the World’s Largest Car Exporter
▼ + stars: | 2024-11-29 | by ( Agnes Chang | Keith Bradsher | ) www.nytimes.com time to read: +11 min

How China Became the World’s Largest Car ExporterChina 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 China 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 China 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 Source: Alix Partners Note: 2024 values are estimated. Domestic sales 20 Exports 0 2010 2015 2020 2024 Production capacity 40 million cars Car production capacity has risen faster than sales. Mr. Wen gave him essentially a blank check to make China the world’s leader in electric cars. Last year, most of the cars China sold abroad were traditional gasoline engine cars. China has more than 100 factories with a combined capacity to build close to 40 million internal combustion engine cars a year.

Persons: Alix, Donald J, Trump, Wen Jiabao, Wen, Carmakers Organizations: China, Japan Mexico Germany South, Alix Partners, European Union, China’s, Communist Party, Wan, Audi, America, UNITED STATES, BRAZIL, UBS, China Volkswagen, Volkswagen Locations: China, Japan Mexico Germany, Japan Mexico Germany South Korea, States, United States, Asia, Thailand, Philippines, Germany, Europe, Southeast Asia, Shanghai, Russia, Ukraine, Latin America, TURKEY, India, Brazil, Turkey, U.S

European stocks closed higher Friday afternoon, following a mixed morning session as investors assessed the latest euro zone inflation data. The Stoxx 600 index closed up 0.58%, with almost all sectors and major bourses in the green. Mining stocks also gained momentum, adding 1.47%, with Anglo American leading the pack, up 5.4%, while Antofagasta and Glencore both added more than 1%. Euro zone inflation rose from 2% in October to 2.3% in November, flash data from statistics agency Eurostat showed on Friday, above the European Central Bank's 2% target. It bolsters the case for a more cautious interest rate cut at the European Central Bank's next meeting on Dec. 12.

Organizations: Tech, Central, Reuters, Central Bank's Locations: American, Antofagasta, Glencore

☆ How to 'tariff-hedge' your European portfolio, according to TS Lombard
▼ + stars: | 2024-11-29 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

As Europe faces the prospect of tariffs on its exports to the United States, TS Lombard has advised investors in the region on how to "tariff-hedge" their portfolios. This week he announced that Mexico, Canada and China would be the first countries in the firing line. In a note this week, Davide Oneglia, director of European and global macro at TS Lombard, advised European investors to address their "tariff risk" by looking at their exposure "in the way Donald Trump ... does, i.e. Selective approach Secondly, the economist noted that while it makes sense in the near term to stay underweight European stocks in aggregate relative to U.S. stocks, investors appear "too dismissive" of opportunities in EU markets. It's also likely that Trump will be open to negotiating with EU countries – and, potentially, with EU businesses, T.S.

Persons: Lombard, Donald Trump, Trump, Davide Oneglia, Oneglia, Lombard's Oneglia, It's Organizations: European Union, U.S, Lombard, Airbus, EU, Nasdaq, Trump Locations: Europe, United States, Mexico, Canada, China, Spain, Greece, Portugal, Italy, Germany, France, Ireland, Austria, Sweden, Denmark, Finland, U.S, T.S

☆ MBB explained: How hard it is to get hired and what it's like to work for the prestigious strategy consulting firms, McKinsey, Bain, and BCG
▼ + stars: | 2024-11-29 | by ( Kelsey Vlamis | Lakshmi Varanasi | Tim Paradis | ) www.businessinsider.com time to read: +5 min

AdvertisementMcKinsey, Bain, and BCG are top strategy consulting firms with low acceptance rates. McKinsey & Company, Bain & Company, and Boston Consulting Group — collectively referred to as MBB — are widely considered the top three strategy consulting firms in the world. Sometimes referred to as the Big Three, MBB firms are among the most prestigious consulting firms and their clients include many Fortune 500 companies as well as government agencies. MBB firms typically offer highly competitive salaries, generally paying more than other consulting firms, and often come with demanding work responsibilities and expectations. The MBB firms are strategy and management consulting firms.

Persons: Jessica Apotheker, Jobs, It's, Bob Sternfels, Christoph Schweizer, Rich Lesser, Amber Grewal, Alicia Pittman, BCG's, Bain & Company Bain, Bain, Christophe De Vusser, Davis Nguyen Organizations: McKinsey, Bain, Fortune, McKinsey & Company, Bain & Company, Boston Consulting Group, Big, Deloitte, EY, KPMG, Company McKinsey, Business, Boston Consulting, Financial Times, undergrads Locations: New York City, undergrad, Boston

☆ CNBC's Inside India newsletter: The causes and costs of India's brain drain
▼ + stars: | 2024-11-28 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +10 min

(Photo by Sanchit Khanna/Hindustan Times via Getty Images)This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Raj is looking for jobs outside India and says he is "willing to go anywhere and do anything." "My parents took a [1.9 million Indian rupee] ($22,491) loan for my degree, so I studied hard and interned to find a well-paying job quickly," the 27-year-old, told CNBC's Inside India. Speaking to CNBC's Inside India, Ghosh — a professor formerly at India's Jawaharlal Nehru University and currently at the University of Massachusetts Amherst — noted "there is definitely a jobs crisis in India." This shift in perspective has translated to "brain drain," being considered as a "term from the last century," Sunaina Kumar, a senior fellow at think tank the Observer Research Foundation (ORF), told CNBC's Inside India.

Persons: Sanchit Khanna, Raj, Keshav Raj, Anurag Sinha, Sinha, aspirational, Jayati Ghosh, Ghosh —, University of Massachusetts Amherst —, They've, Ghosh, Sundar Pichai, Satya Nadella, Leena Nair, Subrahmanyam Jaishankar, Sunaina Kumar, Kumar, ORF's Kumar, foundit's Sinha Organizations: Hindustan Times, Getty, ., SRM Institute of Science & Technology, United Arab, India, India's Jawaharlal Nehru University, University of Massachusetts Amherst, International Labour Organization, UN, Microsoft, Institute of South Asian Studies, National University of Singapore, Observer Research Foundation, Bank, South Locations: DELHI, INDIA, Anand, New Delhi, India, Indonesia, Tamil Nadu, Canada, Australia, United Arab Emirates, U.S, Europe, Indian

☆ When to quit working, take Social Security, and focus on yourself: Older Americans share their regrets about navigating retirement.
▼ + stars: | 2024-11-28 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

Many had regrets about retiring too early, taking Social Security prematurely, and draining savings. Regrets included retiring too early, taking Social Security benefits prematurely, and draining retirement savings too quickly. Kathleen RuddAt 62, she retired from a job paying almost $60,000 a year and opted to take Social Security early. Cashing out Social Security too fastSharon, 77, took Social Security too early, prompting her to unretire to cover expenses. Advertisement"If only someone had just said, do not take Social Security early, do not invest your money this way," Sharon said.

Persons: boomer, they've, Kathleen Rudd, Rudd, wasn't, David John, John, Misty Miller, Miller, it's, Sharon, Cindy Kohli, Kohli, reprioritize Organizations: Social, Social Security, AARP, Security, Social Security Disability Insurance, Veterans Affairs Locations: Colorado, Sacramento, Atlanta, Arizona

☆ U.S. stocks too expensive? Morningstar's top exec reveals where he's investing instead
▼ + stars: | 2024-11-28 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Attractive returns and a breadth of opportunities are among the reasons the U.S. market historically reigns supreme among investors. However, one market watcher considers U.S. stocks to be expensive and is now seeking opportunities in cheaper markets with what he sees as better risk-adjusted returns. "Many large U.S. stocks appear to be expensive and consequently are offering lower future returns," Morningstar analysts wrote in a 2025 outlook report. 'Attractive pockets' Going forward, Morningstar's top executive is optimistic on markets like Japan and China which present "attractive pockets" of opportunity. 'Pockets of undervaluation' Over in Japan, Kapoor likes that the market offers "pockets of undervaluation."

Persons: Kunal Kapoor, I'm, Kapoor, Morningstar, Warren Buffett Organizations: CNBC Pro, Morningstar, China Holdings, Tokyo Stock Exchange, Nippon ISA Locations: U.S, Japan, China

☆ Tariffs and sanctions could disrupt the tech supply chain. Here's how to derisk it.
▼ + stars: | 2024-11-28 | by ( Monica Melton | ) www.businessinsider.com time to read: +5 min

China's dominance in rare earth minerals poses risks to tech supply chains. AdvertisementFriend shoring to alliesFriend shoring, or moving supply chain, manufacturing, and operations to non-adversarial countries to have continuity, is one step to derisking tech's supply chain. Related storiesCreate redundancy in manufacturingTo derisk the supply chain, create redundancy. Regulation of the supply chain may increase, but tech companies and their suppliers could find solutions in data. "Technology cannot do it unto itself, because you can only rely on the data you can get to understand the whole length of the supply chain.

Persons: Megan Reiss, Reiss, they're, Trump's, shoring, Friend shoring, Trump Organizations: China . Department of, U.S . Department of Locations: North Korea, China, Mexico, Canada, U.S, Malaysia, Estonia, Japan

☆ U.S., China and more: Value investor reveals what to buy as Trump tariffs loom
▼ + stars: | 2024-11-27 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

News that U.S. President-elect Donald Trump's plans to hike tariffs on imports from China, Canada and Mexico sent ripples across global markets Tuesday. Asian markets traded broadly lower , but Chinese stocks held up surprisingly well. Peter Boockvar, chief investment officer at the U.S.-headquartered Bleakley Financial Group, said China is better prepared to cope with tariffs than in 2016. Referencing the impact of the tariffs imposed by the Trump administration in 2016, Boockvar said it was "negative, not a benefit" in aggregate. 'A lot of value' Beyond the U.S., Boockvar said Asian markets including China, Japan, Singapore and Vietnam were offering "a lot of value."

Persons: Donald Trump's, Peter Boockvar, It's, CNBC's, Trump, Boockvar, Russell, Stocks, EQT Organizations: Bleakley Financial, Nvidia, Microsoft, Vegas Sands Corp, Melco Resorts & Entertainment, AIA, Hong Kong Stock Exchange Locations: China, Canada, Mexico, U.S, Japan, Singapore, Vietnam, Bay Sands, Asia, Europe

☆ Mexico vows to retaliate with its own trade barriers, putting US joint ventures at risk
▼ + stars: | 2024-11-27 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

AdvertisementDonald Trump said he'd put in place 25% tariffs on Mexican imports on his first day back in the White House. Mexico's president said her country would retaliate, which she said would impact joint ventures. During a press conference on Tuesday, Sheinbaum said that "one tariff will be followed by another, and so on, until we put joint ventures at risk." Sheinbaum said, adding that tariffs "would trigger inflation and job losses in the US and Mexico." Meanwhile, President Sheinbaum said that "dialogue is the best path to achieve understanding, peace, and prosperity for our two countries."

Persons: Donald Trump, he'd, Claudia Sheinbaum Pardo, Trump, Sheinbaum, Gabriela Siller, Wendy Cutler, Derek Scissors, Scott Bessent Organizations: Biden, Motors, Ford Motor Company, Banco Base, Associated Press, Asia Society Policy Institute, Trump, American Enterprise Institute Locations: Mexico, Canada, China

☆ Financials are the best-performing stocks of 2024. Here's one corner that could do especially well
▼ + stars: | 2024-11-27 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Financial stocks are the best-performing group in 2024 and, even though they're widely thought to have more room to run as a sector, a subset of them are even more favorably positioned. The S & P 500 financial sector has surged 36% so far this year, outpacing both the communication services and information technology sectors that contain all the high-flying megacap technology stocks. XLF YTD mountain Financial Select Sector SPDR Fund (XLF) in 2024. "If this bull market persists, the upside in those fintech names could be 3-4x what we see in the overall XLF," Ginsberg said. Financial stocks may be punished first in the event of a correction in the broader market, Ginsberg said.

Persons: outpacing, Donald Trump's, They've, Trump, Sam Stovall, Rob Ginsberg, Ginsberg Organizations: Basel, CFRA Research, Wolfe Research, P Bank ETF, CNBC, PayPal

☆ 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

☆ China's industrial profits fall by 10% in October as deflation worries linger
▼ + stars: | 2024-11-27 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

China's industrial profits dropped by 10% in October from a year ago, in another sign that Beijing's stimulus measures have yet to reverse a slump in corporate earnings. Industrial profits are a key gauge of the financial health of factories, mines and utilities in China. In the first ten months, profits at China's industrial firms decreased by 4.3% from a year ago, the National Bureau of Statistics said in a statement Wednesday. China's consumer price index in October rose slower than expected, edging up 0.3% from a year ago, marking the slowest rise since June. Meanwhile, producer price index fell 2.9% on year, showing that deflation deepened from the 2.8% drop in the prior month.

Persons: — CNBC's Evelyn Cheng Organizations: National Bureau of Statistics, PMI Locations: Oriental, Lianyungang Port, Lianyungang, China

☆ HP forecasts Q1 profit below estimates on sluggish demand in PC market
▼ + stars: | 2024-11-26 | by ( ) www.cnbc.com time to read: +2 min

HP forecast its first-quarter profit below Wall Street expectations on Tuesday, in a sign of persistent choppiness in demand in the personal computers market. PC makers have seen demand retreat from its peak during the pandemic, when customers stocked up on tech products. AI PCs have not boosted the overall PC demand as "buyers have yet to see their clear benefits", Gartner analyst Mikako Kitagawa said. The PC maker's adjusted profit 93 cents per share met expectations. For the fiscal 2025, the company forecast its adjusted profit to be between $3.45 and $3.75 per share, the midpoint of which is in line with analysts' estimate.

Persons: Mikako Kitagawa, LSEG, Karen Parkhill Organizations: Hewlett, Packard, HP, Gartner, IDC Locations: Palo Alto , California

☆ What Trump's trade plans mean for industry in Canada and Mexico — from oil to autos
▼ + stars: | 2024-11-26 | by ( Huileng Tan | Theron Mohamed | ) www.businessinsider.com time to read: +4 min

AdvertisementDonald Trump said he would impose 25% tariffs on Canadian and Mexican exports to the US. The US is a big buyer of products from Canada and Mexico, particularly in the energy and auto sectors. Canadian energy exports to the US were worth $128 billion last year. Mexico worth $379 billion worth of exports to the US in the first nine months of this year, with Canadian exports topping $309 billion, the data shows. AdvertisementWilbur Ross, who served as Commerce Secretary in Trump's first administration, told CBC earlier this month he didn't expect the incoming president to tax Canadian energy imports.

Persons: Donald Trump, Nigel Green, Wilbur Ross, Ross, Tesla, Elon, BYD, Trump Organizations: US, Canadian, deVere, Energy, CBC, Toyota, Nissan, Honda, Elon Musk's, Street, Machinery, . Locations: Canada, Mexico, China, Europe, Asia, . Canada

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