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ServiceTitan shares popped 42% in their Nasdaq debut on Thursday after the provider of cloud software to contractors raised around $625 million in its IPO. Based on its IPO price, the company's market cap was about $6.3 billion. ServiceTitan is the first significant venture-backed tech company to go public since Rubrik's debut in April. While late-stage startups have been reluctant to take the public market leap, investors are showing a growing appetite for tech. ServiceTitan's preliminary results for the October quarter show a net loss of about $47 million on $198.5 million in revenue.
Persons: Vahe Kuzoyan, Reddit, Chipmaker Cerebras, Klarna, ServiceTitan, Meritech Capital, Ara, SeviceTitan, Stifel's Seth Rubin Organizations: Nasdaq, ServiceTitan, New York Stock Exchange, Treasury, Foreign Investment, SEC, Apple, Meritech, Bessemer Venture Partners, TPG, Computing Fund Locations: New York City, U.S, Glendale , California, annualized billings, Ara Mahdessian
Another banner year for Costco shares has prompted some on Wall Street to question whether the stock is out over its skis. The longtime Club stock has trounced the market this year, advancing around 50%. On Tuesday, Wall Street firm Oppenheimer upped its price target on Costco shares to $1,075 each from $980, implying roughly 9% upside from Monday's close. Jim said Costco's subscription model, with impressive membership renewal rates above 90%, helps justify his long-term confidence in the stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer, Oppenheimer, They're, LSEG, Jim, Jim Cramer's, Justin Sullivan Organizations: Costco, longtime Club, Wall, Bank of America, Jefferies, Investors, Shoppers, Walmart, Charitable Trust, CNBC, Netflix, Trust Locations: Costco, Richmond , California
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're all gearing up for a really active next few years in IPO and M&A, says Stifel's Seth RubinStifel's Seth Rubin joins 'Fast Money' to talk gains in small caps, IPO activity, and more.
Persons: Stifel's Seth Rubin Stifel's Seth Rubin
Investors looking for alternative ways to profit off of Nvidia 's impending Blackwell chip rollout may want to take a look at these derivative plays. Shares of Nvidia fell 3% despite topping quarterly earnings expectations and Wall Street's forecast. The stock has whipsawed amid concerns of slowdown following several quarters of monstrous revenue growth and lofty guidance beats. Semiconductor product manufacturers MACOM Technology Solutions and Semtech are other potential beneficiaries from a strong Blackwell rollout, according to Stifel's Tore Svanberg. This includes companies such as Marvell Technology , Credo Technology and Astera Labs .
Persons: Brad Lin, Lin, Asiya Merchant, Stifel's Tore Svanberg Organizations: Nvidia, Blackwell, Bank of, Taiwan Semiconductor Manufacturing, Dell, Hewlett Packard Enterprise, Semiconductor, MACOM Technology Solutions, Marvell Technology, Technology, Astera Labs Locations: Taiwan
Luxury retailer Burberry 's shares present an attractive investment opportunity after the company revealed a new turnaround strategy, according to hedge fund manager David Neuhauser. The stock, which is also traded in the U.S. and Germany, remains down around 40% year-to-date, however. UBS said Burberry was the only luxury retailer not to report "weak organic sales growth" in the latest quarter. "I think Burberry has a good turnaround in place with a new CEO," Neuhauser added, while cautioning that the recovery might take longer than expected. "I think over some time, a good turnaround by Burberry, with strong leadership, could really see the stock price increase.
Persons: David Neuhauser, Neuhauser, CNBC's, Livermore, they're, Zuzanna Pusz, Burberry, , Joshua Schulman, Rogerio Fujimori, Adam Cochrane, FactSet, — CNBC's Karen Gilchrist Organizations: Burberry, Livermore Partners, UBS, Deutsche Bank, Stifel Locations: London, U.S, Germany, Asia, Swiss
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'The train is approaching crazy town' as U.S. fiscal will likely surge, says Stifel's Barry BanisterBarry Banister, Stifel chief equity strategist, joins CNBC's 'Squawk on the Street' to discuss market outlooks.
Persons: Stifel's Barry Banister Barry Banister
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump's mass deportation proposal is a 'logistical, operational nightmare': Stifel's Brian GardnerBrian Gardner, Stifel, joins 'Fast Money' to talk what Fed policy and economy will look like under president-elect Trump.
Persons: Brian Gardner Brian Gardner, Trump
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLeaning into the Trump trade side of election outcomes, says Stifel's Brian GardnerCornell Belcher, Brilliant Corners Research's founder and president, and Brian Gardner, Stifel's chief Washington policy strategist discuss exit polling data and what to focus on this election.
Persons: Brian Gardner Cornell Belcher, Brian Gardner, Stifel's Organizations: Trump Locations: Washington
Investors should beware of a contested US election, BlackRock's Jean Boivin told Bloomberg TV on Thursday. AdvertisementInvestors are dismissing the risk of a disputed US election, BlackRock Investment Institute head Jean Boivin told Bloomberg TV on Thursday. Recent battleground state polling shows a race too close to call with the election less than two weeks away. Other market strategists have echoed in recent weeks Boivin's concern over what an election dispute would mean for markets. Meanwhile, stocks rose during Trump's election dispute in 2020, likely due to signs that the COVID-19 pandemic was ending.
Persons: BlackRock's Jean Boivin, , Jean Boivin, Boivin, Donald Trump, Kamala Harris, hasn't, Morgan Stanley, Brian Gardner, George W, Bush, Al Gore, Gardner Organizations: Bloomberg, Service, BlackRock Investment Institute, Trump, Republican Locations: Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket optimism on inflation is 'misleading', says Stifel's Barry BannisterBarry Bannister, Stifel chief equity strategist, joins CNBC's 'Squawk on the Street' to discuss the economy, his analysis of inflation and rate cuts, and more.
Persons: Stifel's Barry Bannister Barry Bannister
Berlin-based Delivery Hero and Dutch multinational Just Eat Takeaway are two companies at the center of the ruthless online food delivery sector. Over the past decade, Delivery Hero has accumulated net losses of 9.6 billion euros ($10.47 billion) , while Just Eat Takeaway has racked up 7.1 billion euros in losses. Delivery Hero wins? The investment bank is particularly bullish on Delivery Hero, initiating coverage with a "Buy" rating and a price target of 60 euros, implying a potential upside of 60%. Meanwhile, Just Eat Takeaway (TKWY) has a "Hold" rating from Stifel, with a 17% upside potential on the current share price.
Persons: Stifel, Benjamin Kohnke, Uber, Stifel's Kohnke, Kohnke, — CNBC's Michael Bloom Organizations: Investment, Dubai Financial, Deutsche Bank, RBC Locations: Berlin, U.S, Europe, Dubai, Northern Europe
"I think the 'miracle' at Prada is Miu Miu," Luca Solca, a senior analyst at Bernstein, told Business Insider. Miu Miu is doing just that. "Miu Miu is resonating with consumers because of a savvy mix of product and communication marketing," Solca said. Miu Miu has embraced stars (Sydney Sweeney and Gigi Hadid were featured in recent campaigns), which has energized its following. AdvertisementIn short — pun intended — you can't get trendier than Miu Miu right now, and being trendy is good for business.
Persons: that's, Miu Miu, Luca Solca, Bernstein, Miu, , Moncler, Stifel's Rogerio Fujimori, Edward Berthelot, Solca, Sydney Sweeney, Gigi Hadid, Lexie Liu, Zhao Jinmai, Wu Yanshu, Miu Miu's Mary Jane, It's, Prada, Prada hadn't, Jelena Sokolova, Morningstar, Burberry, Gucci, Andrea Guerra, Raf Simons, Muccia Prada, Goldman Sachs, Gen, Scarlett Johansson, Arqué, Sokolova, Alessandro Michele, Guerra, L'Oréal, " Guerra Organizations: Prada, HSBC, Little, Business, New York Times, LVMH, Gucci Locations: Prada, Asia, China, Tokyo, Taipei, Nanjing, LVMH, Hong Kong
The bank's stock-strategy chief pointed to the slowing job market and the potential for sticky inflation. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe stock market could be headed into an end-of-the-year correction, according to Stifel's Barry Bannister. The slowing job market has already caught the attention of investors, who are watching for signs of continued economic weakness. "It's very hard to justify getting below 3% without a slowdown," Bannister said of interest rates.
Persons: Stifel's Barry Bannister, , " Bannister, Bannister Organizations: Service, CNBC, Conference, Challenger, Investors, Investor
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should be cautious going into the late third and fourth quarter, says Stifel's BannisterBarry Bannister, Stifel chief equity strategist, joins CNBC's 'Power Lunch' to discuss market outlooks, where he sees the S&P going, and more.
Persons: Stifel's Bannister Barry Bannister
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew Nike CEO a 'good man' to rejuvenate its culture, says Stifel's Jim DuffyJim Duffy, Sitfel, joins 'Squawk on the Street' to discuss why Nike hasn't seen analyst rerating after the chief executive shake up, how quickly Nike can turn their story around, and much more.
Persons: Jim Duffy Jim Duffy, Sitfel, Nike hasn't, rerating Organizations: Nike
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a dual competition for Trump & Harris to pander as much as possible: Stifel's Brian GardnerBrian Gardner, Stifel chief Washington policy strategist, joins 'Squawk Box' to discuss the tax plans from former President Trump and Vice President Harris, why both plans could face resistance on Capitol Hill regardless of who wins the election, and more.
Persons: Trump & Harris, Brian Gardner Brian Gardner, Stifel, Trump, Harris Organizations: Trump &, Capitol Locations: pander, Washington
The table below lists 11 stocks that analysts give over 100% upside potential in their local currency over the next 12 months. Investors should note that these stocks are exposed to foreign exchange fluctuations. Although the company has a primary listing on the Toronto stock exchange, the stock is also traded on U.S. stock exchanges . Valneva France-based Valneva has the second-biggest consensus upside potential on the list, at 213%. Stifel's price target of 9 euros ($9.94) a share indicates a 201% upside potential.
Persons: Desjardins, Frederic Tremblay, Canaccord, Katie Lachapelle, Meaghan, Valneva, Lyme, Christian Glennie, Evan Wang Organizations: CNBC Pro, Battery Metals, Valneva, Pfizer, Analysts, Guggenheim Securities Locations: U.S, Toronto, James Bay, Valneva France, Paris
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDon't expect the stock market's seemingly unstoppable rally to continue through the end of the year, says Stifel's Barry Bannister. "If Russia makes a countermove in Kursk, it would probably be between the election and January," Bannister said. 4 trades to make amid market turbulenceWith the market poised for a turbulent period ahead, Bannister said he prefers defensive value stocks, particularly the healthcare, utilities, consumer staples, and real estate sectors. "Seventy percent of all the outperformance of defensive or value occurs before a recession is actually declared," Bannister said.
Persons: , Stifel's Barry Bannister, Bannister, — Bannister, there's, Kamala Harris, Donald Trump, Trump, we're Organizations: Service, Business, Federal Reserve, Utilities, Consumer, UCITS Locations: Russia, Kursk, Iran, China
Stocks are up since last week's sell-off but there's still reason to be cautious, Stifel's Barry Bannister said. He reiterated his expectation for a 10% market correction to push the S&P 500 to 5,000 by October. If the economy keeps slowing and eventually enters a recession, a bear market is imminent as inflation remains sticky, Stifel's chief strategist Barry Bannister said in a Tuesday interview on CNBC. While the Federal Reserve targets a PCE of 2.8%, Bannister expects the central bank to target closer to 3% by the fourth quarter due to persistent housing inflation. Weak GDP, consumption, fixed asset investment and net export data expected in the second half of the year also don't bode well for the economy, Bannister added.
Persons: Stocks, Stifel's Barry Bannister, Bannister, , Barry Bannister, " Bannister, bode Organizations: Service, CNBC, Federal Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is risk of a bear market if the slowdown becomes a recession: Stifel's Barry BannisterBarry Bannister, Stifel chief equity strategist, joins 'Squawk on the Street' to discuss why it might be too soon to jump back into equities, where the S&P 500 will get to later this year, and his inflation concerns.
Persons: Stifel's Barry Bannister Barry Bannister
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The S & P 500 and Nasdaq added more than 1%, while the Dow Jones Industrial Average also was solidly in the green. Jim said Stifel's endorsement of GE Healthcare was important "because GE Healthcare actually had a good quarter .... but the market is ignoring it entirely." 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, Jim Cramer's, Jim, Morgan Stanley Organizations: CNBC, Nasdaq, Dow Jones, Justice Department, Apple, Amazon, GE Healthcare
Stifel Financial's Barry Bannister thinks the S & P 500 will see a steep pullback over the next couple of months. Bannister said Stifel's year-end target of 5,000 for the S & P 500 "seems appropriate right now" given the July jobs data and delayed Federal Reserve interest rate cuts. In early June, Bannister said the S & P 500 could drop to approximately 4,750 before the end of the third quarter of this year. The S & P 500 ended last week at 5,346.56. .SPX YTD mountain S & P 500 this year.
Persons: Stifel Financial's Barry Bannister, Bannister, Stifel's, Stifel, we've Organizations: CNBC, Traders
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe recommend defensive value amidst market turbulence, says Stifel's BannisterBarry Bannister, Stifel chief equity strategist, joins 'Money Movers' to discuss whether equity markets are nearing their bottom, whether investors should reallocate their portfolios, and more.
Persons: Stifel's Bannister Barry Bannister
Dexcom — Shares plummeted more than 40% after the medical device maker missed expectations for second-quarter revenue and offered weak full-year guidance for the measure. That exceeded analysts' expectations for earnings of $3.48 per share on revenue of $808 million, per LSEG. Norfolk Southern — Shares of the railroad operator gained 10% after a second-quarter earnings beat. Texas Roadhouse — The restaurant chain climbed 4.4% after second-quarter earnings topped expectations. Texas Roadhouse earned $1.79 per share, above the $1.64 per share estimate from analysts surveyed by LSEG.
Persons: Dexcom, Coursera, Newell Brands, Newell, Boston Beer, LSEG, Mohawk, Bristol Myers Squibb, Morgan Stanley, FactSet, amortization, Bitcoin, Alexander, Baldwin —, Alexander & Baldwin, Piper Sandler, Guggenheim, Sweetgreen —, Oppenheimer, Stifel, Yun Li, Pia Singh, Sean Conlon, Jesse Pound, Hakyung Kim, Lisa Kailai Han Organizations: LSEG, Newell, Yankee, Wall, Boston Beer, Boston, Mohawk Industries, Bristol Myers Squibb, Bristol, Revenue, Norfolk Southern, Norfolk, Charter Communications, Southwest Airlines, Deutsche Bank, Southwest, Redburn, FactSet, FTAI Aviation, Texas, Texas Roadhouse, LSEG . Revenue, Colgate, Palmolive Locations: Norfolk
Wall Street is bracing for a rocky road ahead for shares of Tesla on the heels of a messy second-quarter print. That week Tesla shares rallied more than 27% to briefly erase a year-to-date loss . UBS analyst Joseph Spak noted the current stock price reflects a investors ascribing a "hefty value" to these plans. His $120 price target implies about 28% downside from Tuesday's close. Piper Sandler's Alexander Potter upped his price target to $300 from $205 a share, citing expectations for a faster-than-expected rollout of full self-driving (FSD) capabilities.
Persons: Tesla, Wells Fargo's Colin Langan, Cantor Fitzgerald, Pierre Ferragu, Goldman Sachs, Mark Delaney, Delaney, Joseph Spak, Spak, Toni Sacconaghi, Piper Sandler's Alexander Potter, Baird's Ben Kallo, Stephen Gengaro Organizations: Tesla, UBS, EV Locations: 1H25
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