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☆ GM's Wall Street vindication is happening as it outperforms its peers in 2024
▼ + stars: | 2024-11-11 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — General Motors is proving it's a standout among automakers this year as it continues to consistently outperform Wall Street's earnings expectations and its competitors. For the most part, GM stock has traded in lockstep with Ford due to their histories and the cyclical nature of the automotive industry. Ford stock is off 10% as of Friday's close. Others, including Ferrari , which has been among Wall Street's top auto performers, are also trailing GM. Shares of GM under Barra, who started leading the automaker in January 2014, have been lackluster for investors for most of her tenure.

Persons: Mary Barra, Jeff Kowalsky, John Murphy, Wall, it's, Donald Trump, Elon Musk Organizations: General Motors Co, Bloomberg, Getty, DETROIT —, Detroit, Rivian, BofA Securities, GM, Ford Motor, Chrysler, General, Ford, Ferrari, Tesla, U.S, Trump . General Motors, Hyundai, Toyota, Honda, Volkswagen, Nissan, Barra Locations: Detroit , Michigan, U.S, lockstep

☆ President Trump made many tax cut promises. Even with GOP sweep, they won't be easy for Congress to keep
▼ + stars: | 2024-11-11 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +15 min

"Look at which tax cuts were getting the most focus on the campaign trail. A traditional GOP tax policy might be thought of as favoring business tax cuts. "The top priority is extending the Trump tax cuts and the signature part of his program. Notably, House Speaker Mike Johnson has voiced support for the traditional view of funding tax cuts through economic growth. Individual tax cuts versus Social Security, business tax breaksHistory shows that when it comes to the battle between individual and business tax cuts, contrary to popular perception, individual tax issues are always politically dominant issue.

Persons: Donald Trump, Mnuchin, Stamper, Dustin Stamper, Grant Thornton, Rohit Kumar, Mitch McConnell, Trump, Kumar, Mike Crapo, Mike Johnson, It's, PwC, Biden, John Paulson, Paulson, Elect Trump, Joe Manchin, Kamala Harris, Elon Musk Organizations: Van Andel, Trump, GOP, Representatives, Idaho Republican, Senate, Capitol, Social Security, Child Tax, Corporations, New York Times, Republican, Social, Tax, Republicans, Democrats, West, CBO, IRS, Defense, Federal Reserve, Washington , D.C Locations: Grand Rapids , Michigan, U.S, Idaho, West Virginia, Washington ,

☆ Top Wall Street analysts like these dividend-paying stocks
▼ + stars: | 2024-11-10 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

To select the right dividend stocks, investors can consider the recommendations of top Wall Street analysts, who have a strong track record and provide useful insights based on a thorough analysis of a company's fundamentals. Here are three dividend-paying stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. Scotto highlighted EPD's robust backlog of organic growth projects, with notable projects expected to come online next year and fuel the company's growth. International Business MachinesWe move to the next dividend stock, IBM (IBM). In Q3, IBM generated free cash flow of $2.1 billion and returned $1.5 billion to shareholders through dividends.

Persons: Donald Trump, Wall, EPD, Elvira Scotto, Scotto, TipRanks, Amit Daryanani, Daryanani, Arvind Krishna, ARCC, Kenneth Lee, ARCC's, Lee Organizations: Wall Street, Enterprise Products, Enterprise Products Partners, RBC Capital, Machines, IBM, Consulting, Software, IBM's Software, Hat, Ares, Ares Capital Locations: TipRanks

☆ Even Warren Buffett thinks his stock is too expensive
▼ + stars: | 2024-11-05 | by ( John Towfighi | ) edition.cnn.com time to read: +3 min

CNN —Warren Buffett’s Berkshire Hathaway has over $325 billion in cash on hand. Berkshire Hathaway was a net seller of stocks across its portfolio that quarter and grew its cash-on-hand to record amounts. Berkshire Hathaway’s actions signal to investors that its stock might be overvalued, Cathy Seifert, an analyst at CFRA Research, told CNN. Buffett will repurchase shares when he thinks the price is “below Berkshire’s intrinsic value, conservatively determined,” according to Berkshire Hathaway’s regulatory filings. “All this suggests that Buffett has serious concerns about the economic backdrop and the current state of the stock market,” Mould said in a note.

Persons: CNN — Warren, Berkshire Hathaway, Buffett, Cathy Seifert, they’re, ’ ” Seifert, He’s, ” Robert Korajczyk, Aswath, “, ” Damodaran, “ They’ve, Russ Mould, AJ Bell, ” Mould, ” Korajczyk Organizations: CNN, Berkshire, Securities, Exchange, CFRA Research, Buffett, Berkshire Hathaway’s, Northwestern’s Kellogg School of Management, NYU Stern School of Business Locations: Berkshire, “, ”, —

Three Democratic senators are asking McDonald’s about its menu price hikes in recent years, arguing that the increases are higher than they should be — even with inflation and rising operating costs. McDonald’s prices have raised eyebrows. It also asked whether McDonald’s executives received bonuses or other incentive-based compensation from 2020 to 2024 and whether any incentives were based on executives’ ability to increase per-customer profits. Large corporations “owe consumers transparency when they hike menu prices,” Wyden said in a statement to NBC News. “Fast food chains, like McDonald’s, are raking in profits while families struggle to buy meals that are meant to be affordable and accessible.”

Persons: Elizabeth Warren of, Bob Casey of Pennsylvania, Ron Wyden, Chris Kempczinski, “, ”, McDonald’s, Joe Erlinger, —, Erlinger, Warren, Madeleine Dean, General Mills, Casey, Kempczinski, ” Wyden Organizations: Democratic, Oregon, NBC News, USA, Roosevelt Institute, Mac, Cola, PepsiCo, Wall, McDonald’s Locations: Sens, Elizabeth Warren of Massachusetts, U.S, Connecticut, shrinkflation, ”

☆ China central bank chief flags more interest rate cuts
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: +1 min

A pedestrian walks past the People's Bank of China headquarters in Beijing, China, on Monday, Feb. 26, 2018. On Oct. 21, the Loan Prime Rate will decrease by 20 to 25 basis points, the official Xinhua news agency quoted Pan as saying. The benchmark seven-day reverse repurchase rate will also be lowered by 20 basis points and the medium-term lending facility rate reduced by 30 basis points, People's Bank of China Governor Pan Gongsheng told a financial forum in Beijing. At the financial forum on Friday, Pan also warned against any illegal fund flows into the stock market. Pan said the two measures were based entirely on market-oriented principles, and the swap facility was not a form of direct financial support from the central bank.

Persons: Pan, Pan Gongsheng Organizations: People's Bank of China, Xinhua Locations: Beijing, China, China's

☆ Top Wall Street analysts are boosting stock market forecasts as the bull market charges on
▼ + stars: | 2024-10-16 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

A number of bank research desks have raised their S&P 500 price targets in recent weeks. AdvertisementThe bull market hasn't weakened in the fourth quarter, and top bank research desks have been rushing to raise their S&P 500 price targets into year-end. AdvertisementBelski said his upgrade was based on strong market gains so far this year, which he says typically leads to stronger-than-normal gains in the fourth quarter. Lakos-Bujas kept his 4,200 price target for the S&P 500 unchanged, though. AdvertisementThe more upbeat 2024 forecasts come as the bull market charges on, with the S&P 500 up 3.2% in the last month and 22.6% this year.

Persons: —, hasn't, Goldman Sachs, Jonathan Golub, Patrick Palfrey, David Kostin, Kostin, Brian Belski, Belski, Dubravko Lakos, Bujas Organizations: Service, UBS, BMO, Deutsche Bank, Bloomberg, Reserve

☆ Warren Buffett's Berkshire Hathaway hikes its SiriusXM stake to 32% after Liberty deal
▼ + stars: | 2024-10-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. Warren Buffett's Berkshire Hathaway continued to increase its stake in SiriusXM , now owning 32% of the New York-based satellite radio company. Berkshire hiked its bet after billionaire John Malone's Liberty Media completed its deal in early September to combine its tracking stocks with the rest of the audio entertainment company. Buffett's firm first bought Liberty Media's trackers in 2016 and started piling into SiriusXM's tracking stocks in the beginning of 2024 after the deal announcement in a likely merger arbitrage play. Meanwhile, the Liberty transaction, which reduced share count by 12%, could cause the company to pause stock buybacks until 2027, which will likely weigh on shares, the analyst said.

Persons: Warren Buffett, Warren Buffett's Berkshire Hathaway, John Malone's, Ted Weschler, Todd Combs, Sebastiano Petti Organizations: Berkshire Hathaway, Securities and Exchange Commission, Berkshire, John Malone's Liberty Media, Atlanta Braves, Liberty, JPMorgan Locations: Omaha , Nebraska, SiriusXM, York, The Omaha , Nebraska

☆ This dividend strategy can bring in income and help you sleep at night
▼ + stars: | 2024-10-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

"The people who want us, find us and sleep at night," said Peris, who manages the Strategic Value Dividend Fund and the U.S. Strategic Dividend exchange-traded fund . What to look for in dividend stocks Peris leans more "old economy" when looking for stocks, focusing on names that are everyday brands that people know. The U.S. Strategic Dividend ETF has an adjusted expense ratio of 0.5% and 3.19% 30-day SEC yield. A-shares of the Strategic Value Dividend Fund (SVAAX), which have an adjusted expense ratio of 1.06%, have a 30-day SEC yield of 3.27%, as of Sept 30. "The dividend investor's focus has to be, by definition, on — does this income stream add up?

Persons: Hermes, Daniel Peris, Peris, they've, they're, Buybacks Organizations: Federal Reserve, U.S, Strategic, CNBC, SEC, Holdings Locations: U.S, SVAAX, Silicon Valley

☆ Top Wall Street analysts prefer these dividend stocks for steady income
▼ + stars: | 2024-10-13 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

Recommendations from top Wall Street analysts could help investors pick stocks with attractive dividends that are backed by strong financials. Here are three dividend-paying stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. Realty Income is known for its monthly dividends. In particular, the analyst raised the price target for Realty Income to $67 from $64 and reaffirmed a buy rating on the stock. (See Realty Income Stock Charts on TipRanks)

Persons: Robert Gauthier, Wall, Ivan Feinseth, Feinseth, TipRanks, Brad Heffern, Heffern Organizations: McDonalds, Los Angeles Times, Getty, Wall, T, RBC Capital Locations: Santa Monica, Los Angeles , California, U.S, United Kingdom, Europe

☆ Top Wall Street analysts favor these stocks for attractive long-term potential
▼ + stars: | 2024-10-06 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Nonetheless, investors could benefit by ignoring short-term noise and tracking the recommendations of top Wall Street analysts to pick stocks with attractive long-term growth potential. (See CYBR Hedge Fund Activity on TipRanks)Uber TechnologiesWe move to the ride-sharing and food delivery platform Uber Technologies (UBER). After hosting meetings with the company's management, JPMorgan analyst Doug Anmuth reaffirmed a buy rating on UBER stock with a price target of $95. Uber expects its grocery ad business to account for 5% of gross bookings over time. (See UBER Stock Buybacks on TipRanks)Meta PlatformsThis week's third stock pick is social media company Meta Platforms (META).

Persons: Matthew Hedberg, Hedberg, TipRanks, Doug Anmuth, Anmuth, Uber, Baird, Colin Sebastian, Sebastian, Claude, OpenAI's ChatGPT Organizations: Wall, RBC Capital, TAM, JPMorgan, Mobility, Meta, Meta Connect, Reality Labs

☆ Top Wall Street analysts prefer these dividend stocks to strengthen portfolios
▼ + stars: | 2024-09-29 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Wall Street analysts' recommendations and in-depth analysis can help investors choose dividend stocks that can enhance total returns with passive income and stock price appreciation. Northern Oil and GasThis week's first dividend stock is Northern Oil and Gas (NOG), a non-operated, upstream energy asset owner. Recently, Mizuho analyst William Janela initiated a buy rating on NOG stock with a price target of $47. With a quarterly dividend of $1.40 per share (annualized dividend of $5.60), DRI stock offers a dividend yield of 3.3%. He added that the company's price reduction across nearly 5,000 items over the summer fueled higher unit and dollar sales.

Persons: Wall, NOG, William Janela, Janela, TipRanks, Darden, Peter Saleh, Uber, Saleh, Jim Lee, Jefferies, Corey Tarlowe, Tarlowe, Lee Organizations: Federal Reserve, Wall Street, Northern Oil, Mizuho, Darden, Uber, Olive Garden, Target, PepsiCo Locations: U.S, Olive

☆ Stocks making the biggest moves premarket: Bristol-Myers Squibb, Costco, Super Micro Computer and more
▼ + stars: | 2024-09-27 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Costco Wholesale — The membership-only retailer saw shares dip about 1% after the company missed expectations for fiscal fourth-quarter revenue. Super Micro Computer — Shares of the artificial intelligence beneficiary slipped 2%, adding to their 12% loss in the previous session. The Wall Street Journal reported that the U.S. Justice Department had opened a probe on the company. Dollar General — Shares fell 2% after Citi downgraded Dollar General to sell from neutral, saying Walmart 's increasing dominance in retail, especially on pricing, has the dollar store "on the wrong side." HP Inc. — The tech hardware stock fell about 2% after a downgrade to neutral from buy at Bank of America.

Persons: Myers Squibb, Costco, Hindenburg, Morgan Stanley, —, KeyBanc, — CNBC's Hakyung Kim, Lisa Kailai Han, Yun Li, Sarah Min, Jesse Pound, Samantha Subin, Michelle Fox Organizations: Myers, U.S . Food, Drug Administration, Novo Nordisk —, JPMorgan, Costco Wholesale, Revenue, Street Journal, U.S . Justice Department, U.S . Securities, Exchange Commission, Wynn Resorts, Citi, Walmart, HP Inc, Bank of America, HP Locations: Bristol, U.S, Novo Nordisk — U.S, Danish

☆ China's stock markets are partying like it's 2008, overwhelming systems
▼ + stars: | 2024-09-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

China's stock markets surged this week, marking the best weekly performance since late 2008. AdvertisementChina's stock markets closed sharply higher Friday, notching their best week in 16 years as investors joined the rally party. The stock market party overwhelmed tech systemsThe stock market party got too hot to handle. AdvertisementFurthermore, the US Federal Reserve has started cutting interest rates, which has historically benefited Chinese markets, they added. So even if Beijing's stimulus isn't enough for China's economy, a liquidity or leverage-driven market rally could still be "very powerful," they wrote.

Persons: —, Vishnu Varathan, Hong, Hao Hong, Pan Gongsheng, Data.TS, Freya Beamish, Rory Green Organizations: Service, Grow Investment, Shanghai Stock Exchange, of America, Bank of America, US Federal Reserve, People's Bank of China Locations: China, Beijing, Asia, Japan, Shanghai, India

☆ Hedge fund billionaire David Tepper says he's loading up on Chinese stocks after the nation's stimulus bazooka
▼ + stars: | 2024-09-26 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

David Tepper is growing even more bullish on Chinese stocks amid the nation's new fiscal stimulus measures. Tepper views China's stock market as more attractive than the US stock market due to valuation differences. AdvertisementIt's a buy "everything" moment for Chinese stocks after the country launched a fiscal stimulus bazooka this week, according to billionaire investor David Tepper. But Tepper believes Chinese stocks have plenty of room to run higher, even after the recent surges. On US markets, Tepper said he is not following his buy "everything" mantra with Chinese stocks and is being more selective in buying US stocks.

Persons: David Tepper, Tepper, —, Pan Gongsheng, Donald Trump, he's Organizations: Service, CNBC, Fed, Federal, People's Bank of China, PDD Holdings, Tencent Holdings, Management, Wynn Resorts, Vegas Sands, Baidu, China Internet Locations: China, Vegas

☆ Here’s how Trump says he’ll help US businesses through tariffs and taxes
▼ + stars: | 2024-09-24 | by ( Tami Luhby | Katie Lobosco | ) edition.cnn.com time to read: +9 min

Trump’s promised business tax cuts come alongside his suite of targeted tax relief for individuals, a list that continues to grow. Trump used tariffs, in part, to help boost American manufacturing. Reducing the corporate tax rateTrump has long wanted to reduce the corporate tax rate to below 21%. It will force owners of successful companies to sell their businesses to raise the cash to pay the tax, Trump said. Notably, the tax cut law temporarily created a special deduction for the owners of certain pass-through entities who pay business taxes on their individual tax returns.

Persons: Donald Trump, we’re, ” Trump, Trump, Kamala Harris, Joe Biden’s, Trump’s, ” John Murphy, Biden, ”, John Gimigliano, “, Harris, CNN’s Kate Sullivan Organizations: CNN, Trump, Democratic, Social Security, Republicans, Tax Foundation, China Business, Federal Reserve, US Chamber of Commerce, Economic, of New, KPMG Locations: Savannah , Georgia, America, Mexico, United States, American, of New York, Savannah

☆ Your taxes are going up in 2026, according to Morgan Stanley. Here are 5 tax-advantaged trades to make.
▼ + stars: | 2024-09-19 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Read previewMorgan Stanley has some disappointing news for investors: your taxes are probably going up in the next few years. But one strategist at Morgan Stanley says it's not that simple. Despite these differences, Morgan Stanley expects tax rates to increase no matter who takes office. And a divided Congress, which Morgan Stanley predicts is very likely in November, will only further reduce the likelihood of dramatic change. Typically, the stock market is more influenced by the business cycle than tax policy or political party, according to Morgan Stanley.

Persons: —, Morgan Stanley, Trump, Kamala Harris, it's, Monica Guerra, Morgan Stanley Wealth Management's, Harris, Biden, There's, haven't, Guerra isn't, Guerra Organizations: Service, Business, Morgan Stanley Wealth, US, Trump, Republican, Democratic, Treasurys, New, Equity Locations: New York City

☆ Top Wall Street analysts pick these dividend stocks for attractive returns
▼ + stars: | 2024-09-15 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

To that end, the recommendations of top Wall Street analysts can help investors choose stocks with strong fundamentals and the ability to pay consistent dividends. Here are three dividend stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. MPLX LPWe start this week with MPLX (MPLX), a midstream energy player. Recently, RBC Capital analyst Elvira Scotto reiterated a buy rating on MPLX stock with a price target of $47. The company recently paid a base dividend of $1.25 per share of common stock and a variable dividend of $1.27 per share.

Persons: Wall, Elvira Scotto, Scotto, TipRanks, Scott Hanold, Ivan Feinseth, Feinseth Organizations: Wall, MPLX, RBC Capital, Logistics, Energy, Hanold, Chord Energy, Tigress Locations: buybacks, Williston

The bank raised its price target on MercadoLibre Thursday to $2,500 from $2,225, suggesting 22% upside from Wednesday's close. The bank increased its price target to $230 from $200, implying nearly 16% upside from Wednesday's close. Supino also lifted the firm's price target to $93 a share, reflecting about 33% upside from Wednesday's close. Analyst Adam Berlin lowered his 12-month price target to $29 from $34, implying 6% downside. The investment firm's price target of $159 implies more than 2% downside from Wednesday's close.

Persons: Robert Ford Aguilar, — Michelle Fox, Wells, Wells Fargo, Eric Luebchow, Luebchow, Lisa Kailai Han, Sean Conlon, Wolfe, Peter Supino, Supino, Samantha Subin, BofA, George Staphos, a.m, Adam Berlin, Berlin, IPG, — Sean Conlon, Bernstein, Mark Moerdler, — Lisa Kailai Han, Stifel, Simon Yarmak, Andrea Pistacchi, Brandt Montour, it's, Montour, Fred Imbert Organizations: CNBC, Barclays, Bank of America, Diageo, Mercado, Mobile, Sprint, Wolfe Research, UBS downgrades, UBS, billings, GM, Pfizer, Oracle, Simon Property, Property Group, SPG, U.S, New York Stock Exchange Locations: Brazil, Mercado Pago, Wells Fargo, Wells, Roku, Berlin, America, U.S

☆ Top Wall Street analysts like these 3 stocks for long-term prospects
▼ + stars: | 2024-08-04 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Instead, they should consider the recommendations of top Wall Street analysts, who perform an in-depth analysis of a company's fundamentals so they can highlight stocks with solid long-term growth potential. Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. However, the growth in YouTube advertising revenue slowed down in the quarter and missed analysts' expectations. Following the results, BMO Capital analyst Brian Pitz reiterated a buy rating on GOOGL stock with a price target of $222. (See ServiceNow Stock Charts on TipRanks)Travel + LeisureThis week's third stock is Travel + Leisure (TNL), a membership and leisure travel company.

Persons: Brian Pitz, Pitz, TipRanks, ServiceNow, Goldman Sachs, Kash Rangan, ServiceNow's, Ivan Feinseth, Feinseth, TNL Organizations: Wall Street, BMO Capital, BMO, YouTube, Tigress, Sports Illustrated Resorts Locations: TipRanks

☆ Top Wall Street analysts suggest these dividend stocks for enhanced returns
▼ + stars: | 2024-07-28 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Investors seeking solid dividend payers can rely on top-ranked Wall Street analysts, who make recommendations after thoroughly analyzing a company's ability to generate solid financials and deliver strong returns. Here are three attractive dividend stocks, according to Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. WES offers a high dividend yield of 8.8%. Hanold expects Q2 2024 shareholder returns to comprise a fixed dividend of 90 cents a share and a variable dividend of $1.25 per share, with no stock buybacks. KO offers a dividend yield of about 2.9%.

Persons: Wall, WES, Gabriel Moreen, Moreen, TipRanks, FANG, Scott Hanold, KO, Nik Modi, Modi Organizations: Wall Street, Western, Western Midstream Partners, Mizuho, MLP, Diamondback Energy, Endeavor Energy, RBC Capital, Diamondback, Cola Locations: Texas , New Mexico , Colorado , Utah, Wyoming, West Texas, Philippines, India

☆ Goldman Sachs says this audio streaming giant is primed to rally nearly 30%
▼ + stars: | 2024-07-24 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Goldman Sachs is turning bullish on Spotify after its solid earnings report this week. Analyst Eric Sheridan upgraded the streaming stock to buy from neutral and raised his 12-month price target by $105 to $425, suggesting nearly 29% potential upside. Spotify reported record quarterly earnings on Tuesday that sent shares up nearly 12%, marking the stock's biggest one-day gain since January 2023. He anticipates the upside scenario would be for the company to repurchase as much as roughly 25% of its current market cap through 2029. Sheridan expects Spotify could also see compounding revenue growth in the mid-teens in the next three to five years.

Persons: Goldman Sachs, Eric Sheridan, Sheridan Organizations: Spotify, Sheridan

☆ Top Wall Street analysts are confident about the potential behind these 3 stocks
▼ + stars: | 2024-07-21 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

In this regard, the ratings of top Wall Street analysts and their investment theses can provide useful insights and help us make the right decisions. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. The company recently reported its June sales and announced an increase in its membership fee. He estimates a potential benefit of nearly 3% to the company's earnings per share over each of the next two years. Even after the stock's impressive year-to-date rally, Goldman Sachs analyst Toshiya Hari thinks that it has more room to run.

Persons: Corey Tarlowe, Tarlowe, TipRanks, MongoDB, Ivan Feinseth, Feinseth, Goldman Sachs, Toshiya Hari, Colette Kress, Hari, Nvidia's, Blackwell Organizations: Wall Street, Costco, Jefferies, Tigress, Nvidia Semiconductor, Nvidia, Blackwell Locations: Costco's

☆ Can Boeing get back to its glory days?
▼ + stars: | 2024-07-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +17 min

Then on Jan. 5, about six minutes and 16,000 feet into a packed flight out of Portland, Oregon, a door plug blew out of a nearly new Boeing 737 Max 9. The Federal Aviation Administration barred Boeing from increasing output of its Max planes and stepped up hands-on inspections at production plants. The 737 was dubbed "Baby Boeing" and went on to become the company's bestseller, helping to make Boeing the largest U.S. exporter. Pilots in those Boeing planes fought against a flight-control system, the Maneuvering Characteristics Augmentation System, that pushed the nose of the planes downward repeatedly. Boeing has said it aims to increase rates to about 50 Max planes a month in the next few years.

Persons: Joshua Roberts, Max, AeroSystems, Sen, Richard Blumenthal, Conn, Dave Calhoun, Boeing hasn't, Brian West, Aengus Kelly, Bob Jordan, I'm, Antonoaldo Neves, Calhoun, Steve Mollenkopf, Pat Shanahan, Donald Trump, Barack Obama, AerCap's Kelly, Mulugeta Ayene, we've, NASA —, Scott Kirby, McDonnell Douglas, Rob Spingarn, Kirby, Spirit Aerosystems, William Campbell, it's, It's, Howard McKenzie, Kevin Lamarque, Goldman Sachs, Noah Poponak, Alex Krutz Organizations: American Airlines Boeing, Reagan National, FAA, Reuters Boeing, Wall, Boeing, Justice Department, Alaska Airlines, National Transportation Safety Board, NTSB, Via Reuters Industry, Farnborough, Federal Aviation Administration, Airbus, JPMorgan, Etihad Airways, General Electric, Blackstone, Qualcomm, Lion, Ethiopian Airlines, Pilots, Justice, Reuters, NASA, Lion Air, CNBC, Research, Max, Spirit, Corbis, Jefferies, DOJ, Senate Homeland Security, Governmental Affairs, Capitol, Patriot Industrial Partners Locations: Los Angeles, United States, Washington , U.S, Portland , Oregon, Alaska, U.S, Maldives, Wall, United Kingdom, Boeing's, Emirates, Southwest, United, Indonesia, Addis Ababa, Bishoftu, Debre Zeit, Ethiopia, BOZEMAN , MT, Wichita , Kansas, Bozeman, Bozeman , Montana, Seattle, Chicago, Arlington , Virginia, Wichita, South Carolina, Washington

Morgan Stanley raised its price target on Rivian to $17 from $13. Analyst Frank Lee did raise his price target to $200 from $190, although he added that "the risk-reward is less attractive now." Guggenheim hiked the price target to $735 per share from $700. He did raise his price target for the stock to $225 from $180, although this price hike still implies that Tesla stock could fall 12%. Analyst Adam Jonas raised his price target on the stock to $17 from $13.

Persons: Morgan Stanley, Jefferies, Frank Lee, Lee, Lisa Kailai Han, Michael Morris, Morris, Guggenheim, — Jesse Pound, Morgan Stanley's Simeon Gutman, Gutman, Seth Sigman, Truist, – Samantha Subin, TD Cowen downgrades Charles Schwab, Charles Schwab's, TD Cowen, Bill Katz, Charles Schwab, Katz, mgmt, — Lisa Kailai Han, Wells, Bank of America Wells, Mike Mayo, Mayo, Goliath, Dan Levy, Levy, Dennis Geiger, Geiger, Thomas Fitzgerald, Fitzgerald, David Windley, UnitedHealth's, Windley, UNH, Adam Jonas, Rivian, Jonas, Fred Imbert Organizations: CNBC, HSBC, Qualcomm, Microsoft, Netflix, Guggenheim, Barclays, ISI, Citi, Mizuho, Bank of America, of America, Tesla, UBS, Sweetgreen, sss, IK, TD Cowen downgrades, Airlines, American Airlines, Delta, Jefferies, Presidential, Chevron, Volkswagen Locations: China, Tuesday's, Mayo, U.S, Tesla's, UnitedHealth, UNH's

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