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☆ Goldman Sachs is bullish on these stocks heading into December and the new year
▼ + stars: | 2024-11-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Goldman Sachs highlighted a slate of stocks that are worth snapping up as December approaches. CNBC combed through Goldman research to find buy-rated names the firm says are must owns heading into the end of the year. Pinterest Pinterest is also firing on all cylinders, analyst Eric Sheridan wrote recently. In addition, the firm sees revenue upside with user engagement remaining strong. ... .Based on after-hours pricing, we find PINS stock as one of the most compelling risk/reward skews in our coverage universe."

Persons: Goldman Sachs, Goldman, Noah Poponak, Poponak, Bonnie Herzog, Herzog, Pinterest Pinterest, Eric Sheridan, Pinterest, Sheridan Organizations: GE Aerospace, Monster Beverage, CNBC, GE Aerospace GE Aerospace, Aerospace, Management

☆ Shoppers are ready to open their wallets this holiday season — for the right deals
▼ + stars: | 2024-11-23 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

AdvertisementShoppers are willing to spend this holiday season, but many are still budget-conscious. Shoppers appear ready to spend this holiday season, but many aren't giving up the search for bargains just yet. Multiple signals suggest that some shoppers feel less pinched financially as the biggest shopping season of the year ramps up. As such, many are looking for good deals, as they have been for much of this year, while still spending on the holiday season. Friday's retail sales growth showed "a good early step forward into the holiday shopping season," National Retail Federation Chief Economist Jack Kleinhenz said.

Persons: Claire Tassin, Tassin, Milton, Jack Kleinhenz, Kleinhenz, Doug McMillon, John Rainey, Rick Gomez Organizations: Shoppers, Morning, Retailers, Nordstrom, Bank of America Institute, University of Michigan's, Hurricanes, Retail Federation, Census Bureau, Walmart, Target

☆ How Max Verstappen can become a four-time F1 world champion at the Las Vegas Grand Prix
▼ + stars: | 2024-11-23 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +5 min

CNN —Max Verstappen has the chance to add to one of the most entertaining Formula One seasons in recent memory by becoming a four-time World Drivers’ Champion at the Las Vegas Grand Prix. How to watch the Las Vegas Grand PrixThe 22nd race of the 2024 season gets underway at 10 p.m. PT on Saturday/1 a.m. Norris needs to outscore Verstappen by at least three points to extend his challenge to next week’s penultimate race in Qatar. If both fail to score points, Verstappen will be crowned champion. “I just want to focus on the weekend and try to have a good performance,” the 27-year-old said ahead of the race weekend.

Persons: Max Verstappen, McLaren’s Lando Norris, George Russell, Ferrari’s Carlos Sainz, Pierre Gasly, Charles Leclerc, Verstappen, Norris, Lewis Hamilton, Rick Scuteri, McLaren, Oscar Piastri, Ferrari’s Sainz, Leclerc, Russell, Hamilton, –, Red Bull, “, you’re, ”, Brit, ” Verstappen, Mark Sutton, Max Organizations: CNN, Las Vegas, Brit, ESPN, International, Red Bull, Austrian, “, McLaren, Getty, we’ve, Constructors, Ferrari Locations: British, Sin City, Qatar, Spain, Vegas, Miami –, “ Brazil

☆ It's time to get serious about fixing the nation's power grid. That puts these stocks in a sweet spot
▼ + stars: | 2024-11-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

The U.S. electric grid needs a total body makeover. With Duke Austin, a fourth-generation lineman, at its helm, Quanta Services has a long history in electric power infrastructure. The backbone of the electric grid Transmission and distribution is the backbone of the electrical grid, delivering power from generation sites to consumers. PWR YTD mountain Quanta Services shares year to date MasTec MasTec has been in comeback mode. MYR Group Goldman expects MYR Group is well positioned for 2025.

Persons: Neil Mehta, Goldman Sachs, weren't, Goldman, Mehta, Duke Austin, Carly Davenport, Davenport, Austin, Goldman's Mehta, they're, MasTec, Jose Mas, MasTec's, Truist, Jamie Cook, McCoy, Cook, Ati Modak, Modak, MYR Organizations: U.S, Edison Electric Institute, MYR, CNBC, Management, MYR Group Locations: U.S, Austin

☆ Welcome to the mullet market: Steady benchmarks in the front, crypto party in the back
▼ + stars: | 2024-11-23 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

This market is starting to summon the lighthearted take on a mullet haircut: business in the front, party in the back. BTC.CM= YTD mountain Bitcoin, YTD Every bullish argument for bitcoin comes down to "More people will soon have more ways to buy more of it." I've tracked the interplay between bitcoin and Nvidia shares for a while. The market's immediate response was simply to allow Nvidia to hold onto the $2.3 trillion in market value it's added this year, but not to pile on more. Meaning the current pace of new money entering these funds is not as heavy relative to total market value as it was nearly four years ago.

Persons: Trump, bitcoin, I've, John Roque, Warren Pies Organizations: Nasdaq, Nvidia, Nvidia ramped, Vanda Research, Trump, 22V Research, Bloomberg, Federal Reserve, 3Fourteen Research Locations: lockstep, bitcoin

☆ Researchers capture baleen whales for the first time to study their hearing
▼ + stars: | 2024-11-22 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. | ) www.nbcnews.com time to read: +8 min

The results of the study, published Thursday in the journal Science, surprised whale researchers because they suggest the creatures can hear at much higher frequencies than expected. Scientists had never captured baleen whales and tested their hearing before because the animals are so large it could be dangerous to both the whales and researchers. Scientists know, from recordings and other observations, that baleen whales rely on hearing for social communication and that it’s important to their survival. Minke whales were a good target for audio testing because they’re the smallest baleen whale and a species whose hearing scientists don’t understand very well. He said the Minke Whale Hearing Project is on hold, but he’d like to pursue the topic further if he could secure funding.

Persons: ”, Dorian Houser, “, Susan Parks, —, that’s, ” Houser, ” Parks, Houser, Regina Asmutis, Silvia, ” Asmutis, Asmutis, Brandon Southall, ” Southall, Southall Organizations: Marine Mammal Foundation, Mammal, Syracuse University, Conservation, “ Locations: Norway, New York, Norwegian, Lofoten, North America

☆ Why Republicans think their Senate majority could last the decade: From the Politics Desk
▼ + stars: | 2024-11-22 | by ( The Politics Desk | ) www.nbcnews.com time to read: +9 min

Plus, politics reporters Allan Smith and Vaughn Hillyard examine how Donald Trump's transition team is turning to the much-maligned Project 2025 to fill jobs in the administration. I think it bodes well for us to keep the majority through the rest of the decade,” Daines, of Montana, told NBC News. “They made themselves nuclear,” Howard Lutnick, the co-chair of Trump’s transition and his nominee to serve as commerce secretary, told CNBC in September. But with the campaign over, Trump’s transition team is turning to Project 2025 to help staff the next administration. Both Homan and Ratcliffe were listed as contributors to Project 2025, while Carr wrote a chapter on the FCC.

Persons: Sahil Kapur, Allan Smith, Vaughn Hillyard, Donald Trump's, Steve Daines, “ We’re, ” Daines, Donald Trump, Kamala Harris, Republican Sen, Susan Collins, Democrats haven’t, GOP Sen, Thom Tillis, Trump, Sen, Gary Peters, Jon Ossoff, Ted Budd, Ron Johnson, —, Vaughn Hillyard Donald Trump, “, ” Howard Lutnick, Tom Homan, Brendan Carr, John Ratcliffe, Both Homan, Ratcliffe, Carr, Read, jud, tim, ️, Rea Organizations: NBC, White House, Capitol, Democrats, GOP, National Republican, NBC News, Republicans, Democratic, Republican, CNBC, Trump, Federal Communications Commission, FCC Locations: Montana, West Virginia , Montana and Ohio, Pennsylvania, Florida, Texas, Arizona , Michigan, Nevada, Wisconsin, Maine, North Carolina, Alaska , Iowa , Kentucky , Texas, Michigan, Georgia, Arizona , Georgia

It took Rep. John Curtis, R-Utah, just a few weeks to make his mark on the Senate — even before he'd actually take the oath of office to replace retiring Sen. Mitt Romney next year. But I’m not going to give him an unconditional yes to anything that he wants.”“He is not Mitt Romney and he is not Donald Trump. Former Utah Republican Gov. After deciding to run for Senate after Romney’s retirement announcement, Trump weighed in and endorsed Riverton Mayor Trent Staggs. But his colleagues and Trump allies felt that they understood his perspective, with Curtis’ likely disapproval of Gaetz leading to his quick withdrawal.

Persons: John Curtis, he'd, Sen, Mitt Romney, Donald Trump, Curtis, Matt Gaetz’s, Trump, I’m, He’s, ”, Carlos Curbelo, Romney, ” Curbelo, Jason Chaffetz, Hillary Clinton, Gary Herbert, Herbert, ” Herbert, he’s, Curbelo, Curtis ’, “, John, ‘, ’ ” Curbelo, it’s, didn’t, censuring Trump, It’s, Riverton Mayor Trent Staggs, he’d, you’re, That’s, Gaetz, Curtis didn’t, general’s, ” “ He’s, what’s Organizations: Rep, Justice Department, Republican Party that’s, Trump, GOP, NBC, Republican, “, Brigham Young University, Democratic Party, Congress, Former Utah Republican Gov, NBC News, Commission, Senate, Republicans, GOP House, Capitol, Riverton Mayor, Republican Senate, Ford Locations: Utah, Florida, Salt Lake City, Taiwan, Provo, Washington, Texas, “

The NBA warned players to safeguard valuables against "well-organized, sophisticated" transnational crime rings, according to a memo obtained by NBC News on Friday, matching a similar caution issued earlier this week by the NFL. The FBI reported that, in most of the incidents, the homes were equipped with alarm systems that were not activated. The FBI also reported that the homes were all unoccupied and, in most cases, no dogs were present." Earlier this week, the NFL told players to be mindful about publicly sharing any information about their whereabouts, homes and luxury items they might own. "The homes of professional athletes across multiple sports leagues have become increasingly targeted for burglaries by organized and skilled groups," the NFL memo said.

Persons: Travis Kelce, Patrick Mahomes, Sarah Stier, Leon Newsome, Newsome, Bobby Portis, Mike Conley Jr Organizations: NBA, NBC News, NFL, Security, Kansas City Chiefs, FBI, American Theft Groups, Milwaukee Bucks, Minnesota Timberwolves Locations: Foxborough, Milwaukee

North Carolina lawyer Katie Jenifer is trying to prepare one year’s worth of estrogen for her transgender daughter. If the Trump administration still allows trans people to change the gender marker on their passport, Greenesmith said, it might require them to provide proof of gender-reassignment surgery, putting gender-marker changes out of reach for the majority of trans people. There is no existing policy that would allow the government to require people to turn in “X” passports, for example. Katie Jenifer and her transgender daughter, Maddie, at the White House for a Pride Month celebration in June. If that were to happen, she could lose access to health care.

Persons: Ash Orr, Katie Jenifer, Belle, they’re, Donald Trump’s, Heron Greenesmith, ” Greenesmith, Trump, Greenesmith, ”, “, ” Trump, Sasha Buchert, ” Buchert, Stefani Reynolds, I’ve, ” Orr, he’s, Finn Franklin, ” Franklin, “ I’m, ” Finn Franklin, Finn Franklin Franklin, He’s, Maddie, Jenifer, Katie Jenifer Jenifer, ” Jenifer, Trevor, Orr, Bennett Kaspar, Williams, Aldita Gallardo, Gallardo, wasn’t, ” Gallardo, Dahlia Belle, she's, Belle “, ” Belle, it’s Organizations: NBC News, Transgender Law Center, ”, Medicare, State Department, Lambda Legal, Getty, Trans, “, Rogue Community College, Oregon Health & Science University Hospital, Oregon Health, OHSU, Trump, White, Holler Health, Transformation Fund, Emergent, Transformation, U.S, House, Transgender, Society Locations: Virginia, Carolina, Oregon, Massachusetts, U.S, Morgantown , West Virginia, West, “ West Virginia, Grants Pass , Oregon, Washington , Oregon, California, Portland, . North Carolina, West Virginia, Los Angeles, Oakland , California, Louisiana, Birmingham , Alabama, Jacksonville , Florida, Portland , Oregon

A resident walks at the site of a Russian missile strike in Dnipro, Ukraine, November 21. Mykola Synelnykov/ReutersRussia’s use of a nuclear-capable ballistic missile on Thursday is the latest escalation in the Ukraine war. The use of what Vladimir Putin said was a ballistic missile with multiple warheads in offensive combat is a clear departure from decades of the Cold War doctrine of deterrence. Ballistic missiles with multiple warheads, known as “multiple independently targeted reentry vehicles,” or MIRVs, have never been used to strike on an enemy, experts say. Ballistic missiles have been the underpinning of deterrence, offering what is known as “mutual assured destruction,” or MAD, in the nuclear age.

Persons: Mykola Synelnykov, Vladimir Putin, MIRV, ” Hans Kristensen, Kristensen Organizations: Reuters, West, Federation of American, Ballistic Locations: Russian, Dnipro, Ukraine, Ukrainian, Russia, Europe

☆ Oil rises as intensifying Ukraine war increases supply risk
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: +2 min

An aerial view of Phillips 66 oil refinery is seen in Linden, New Jersey, United States on March 8, 2022. Oil prices rose on Friday after Russia said it had fired a ballistic missile at Ukraine and warned of a broadening conflict, raising the prospect of tightening crude supplies. Russia is among the world's top crude oil producing countries, even with output declines following import bans tied to its invasion of Ukraine and supply curbs by producer group OPEC+. Russia this month said it produced about 9 million barrels of oil a day. Ukraine has used drones to target Russian oil infrastructure, including in June, when it used long-range attack drones to strike four Russian refineries.

Persons: Phillips, Vladimir Putin, Putin, Joe Biden, Jim Ritterbusch, meanwhile, Donald Trump's Organizations: Brent, . West Texas, British Storm Shadow, Ritterbusch, Associates Locations: Linden , New Jersey, United States, Russia, Ukraine, U.S, Britain, British, Ukrainian, Moscow, Florida, China

☆ Gold marches towards best week in a year amid escalating Russia-Ukraine conflict
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: +2 min

Gold prices were headed for their best week in a year on Friday, supported by safe-haven demand amid further escalations in the Russia-Ukraine war, while investors assessed the outlook for U.S. interest rate cuts. Gold prices were headed for their best week in a year on Friday, supported by safe-haven demand amid further escalations in the Russia-Ukraine war, while investors assessed the outlook for U.S. interest rate cuts. Bullion was up nearly 5% for the week so far, its best week since early October 2023. Gold's appeal is bolstered by geopolitical tensions, economic risks and a low interest rate environment. Meanwhile, the Chicago Federal Reserve President on Thursday reiterated his support for further U.S. interest rate cuts and his openness to slowing them down.

Persons: Bullion, Edward Meir, Bitcoin, Michelle Bowman, Nicholas Frappell Organizations: Trump, Chicago Federal, ABC Refinery Locations: Russia, Ukraine, Dnipro, U.S

☆ CNBC Daily Open: Expectations can be an irrational thing. Just look at Nvidia
▼ + stars: | 2024-11-22 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets digest Nvidia earningsU.S. markets rose on Thursday after digesting Nvidia's earnings release. "If someone bought or if the Bluesky company went down, everything is open source." [PRO] Focus on Nvidia's BlackwellDespite Nvidia's revenue growth rising at a slower pace each subsequent quarter, analysts are still optimistic on the stock.

Persons: Donald Trump, Michael Novogratz, Trump's, Trump, Bluesky, Jay Graber, Nvidia's Blackwell, Blackwell, Colette Kress Organizations: CNBC, U.S . Department of Justice, Google, Chrome, JD Sports, Galaxy Digital, U.S . Federal Reserve, Elon, Nvidia Locations: British

☆ Dollar hugs 13-month peak as market awaits next Fed cue
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: +4 min

Global PMIs are due later in the day, although those figures should not "change the dial too much," said Tony Sycamore, market analyst at IG. Recent comments from Fed officials, including Chair Jerome Powell, have indicated the central bank may take a slower course in its rate cut path. Among Trump policies on weighing on investors' minds were the president-elect's campaign pledges of tariffs, with Europe and China both likely in the firing line. The euro , which makes up a hefty portion of the dollar index, steadied at $1.0475 after falling to a 13-month low of $1.0461 on Thursday. The dollar was last down 0.17% on the day at 154.27 yen.

Persons: Tony Sycamore, It's, it's, Sycamore, Donald Trump's, Jerome Powell, CME's, Trump, Sterling, Bitcoin, Marcel Thieliant, Kazuo Ueda Organizations: The U.S, greenback, Bank of Japan's, Global, IG, U.S, PCE, Trump, Capital Economics Locations: Rio de Janeiro, Brazil, The, Europe, China, Russia, Ukraine, Germany, Asia

☆ T.J. Maxx is in prime position to benefit from Trump's trade policies
▼ + stars: | 2024-11-22 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

AdvertisementT.J. Maxx is set to benefit from Trump's proposed tariffs on imports. T.J. Maxx could end up benefiting from Trump's suggested tariffs. Related Video Truth Social just brought Trump a $4 billion windfall, but experts aren't soldThis means more opportunities for T.J. Maxx to buy stock as excess inventory kicks around the market. For consumers forced to trade down or priced out of their usual retail spots, T.J. Maxx might present itself as the perfect option. AdvertisementTJX, the parent company of T.J. Maxx, Marshall's, and Home Goods, beat Wall Street's estimates in the third quarter, reporting revenue of $14.1 billion, up 6% from the previous year.

Persons: Maxx, Trump, aren't, Chris Walton, Lorraine Hutchinson, Neil Saunders Organizations: Target, Omni, Bank of America, Home Goods, GlobalData Locations: T.J, China

☆ How the news media is quietly preparing for a hostile second Trump administration
▼ + stars: | 2024-11-22 | by ( Brian Stelter | ) edition.cnn.com time to read: +6 min

“You can just tell by the nominees for cabinet positions and agency heads that this will be an administration of retribution,” Baron added. Trump’s impending return to power was a theme of the conversations at the Committee to Protect Journalists gala. Attendees discussed the need to report without fear or favor, to be open-minded but clear-eyed about what actions the Trump administration might take, and to avoid fearmongering but to consider a range of possibilities. Here are some of the specific concerns that have arisen among members of the media:In the second Trump term, legal threats and frivolous lawsuits could pile up, costing newsrooms money and time. The Trump administration could reinstate the Justice Department’s past practice of pursuing reporters’ records in leak investigations.

Persons: Joe Scarborough, Mika Brzezinski’s, Donald Trump, Brzezinski, Trump, Joe ”, Marty Baron, ” Baron, Jodie Ginsberg, they’re, newsrooms, Trump’s, Jessica Lessin, ”, it’s, ” Lessin, Jacob Weisberg, Matt Egan, ” Poynter, Kelly McBride, “, leakers, nix, CNN’s Liam Reilly Organizations: New, New York CNN, MSNBC, Scarborough, Washington Post, ”, Protect Journalists, Committee, Newsroom, “ Journalists, Trump, Media, TV, Nonprofit, Social, Republicans Locations: New York, Mar

☆ FanDuel parent Flutter Entertainment can triple its U.S. profits over the next three years, Goldman says
▼ + stars: | 2024-11-22 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

FanDuel parent Flutter Entertainment is poised for even more gains ahead as its U.S. growth takes off, according to Goldman Sachs. Analyst Ben Andrews initiated coverage of the online sports betting operator with a buy rating and $320 price target. Andrews sees upside to Flutter's 2027 revenue guidance for existing states and sees double-digit percentage upside to Wall Street's consensus targets on Flutter's U.S. EBITDA in 2027 and 2028. S & P) and Flutter building a track record of consistent delivery and as a compounding cash generator." The company continues to acquire new customers in existing states, which "Flutter is doing more efficiently than competition, supported by their scale," Andrews said.

Persons: Goldman Sachs, Ben Andrews, Andrews Organizations: New York Stock Exchange, London Stock Exchange, U.S

☆ One of Trump’s Treasury contenders hails from the most cutthroat private equity firm on Wall Street
▼ + stars: | 2024-11-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

The words “private equity” are almost poetic in their power to obfuscate in such a way that most people simply tune out when they hear them. But there’s a reason workers tend to have a negative association with private equity. Per Bloomberg, Apollo “built its name as the scrappiest private equity and distressed-debt investor on Wall Street by buying businesses and loading them up with debt that offered creditors meager protections in the face of default.”Historically, private equity deals were largely handled by big banks. Private equity firms now hold controlling stakes across an array of industries, including supermarkets, housing, health care, fashion, restaurants and vet clinics. And other efforts to force more transparency and accountability in private equity have similarly faced opposition.

Persons: CNN Business ’, Marc Rowan, Donald Trump’s, Rowan, Bill Lazonick, he’s, ”, Megan Greenwell, aren’t, ” Dennis Kelleher, Apollo “, it’s, Sen, Elizabeth Warren of, hadn’t, Scott Bessent, Kevin Warsh, “, ” Greenwell Organizations: CNN Business, New York CNN, Apollo Global Management, Treasury, OCC, Republicans, Industry Research Network, — Bloomberg, KKR, Blackstone, Carlyle Group, Securities and Exchange Commission, “, Research, Treasury Department, Bloomberg, Financial Times, Federal Reserve Locations: New York, ”, Elizabeth Warren of Massachusetts

☆ 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

☆ Cramer's week ahead: Earnings from Dell, CrowdStrike and several big retailers
▼ + stars: | 2024-11-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday previewed next week's important Wall Street action, suggesting it's wise to pay attention to a slew of retail earnings as well as reports from Dell and CrowdStrike . Tuesday is a big day for retailers, with reports from Best Buy , Abercrombie & Fitch , Kohl's , Macy's , Burlington Stores and Dick's Sporting Goods . He added that some retailers whose earnings weren't great still saw their stocks soar but others got badly dinged, like Target . He said investors might want to buy some Dell stock now and some after earnings if it pulls back. While stock action tends to slow during the rest of the holiday week, Cramer pointed out that on Wednesday the government will release the latest personal consumption expenditures index.

Persons: CNBC's Jim Cramer, Cramer, Wall, Smucker, weren't, Dell Organizations: Dell, Body, Abercrombie, Fitch, Kohl's, Burlington Stores, Dick's Sporting Goods, Target, Nvidia, HP, Federal Reserve Locations: Macy's

☆ HSBC names 2 China stock picks for 2025 — and gives one over 70% upside
▼ + stars: | 2024-11-22 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Chinese markets are "turning a corner" following a series of government stimulus measures , HSBC said, naming its top stock ideas for 2025. Here are two of the stocks HSBC likes: KE Holdings HSBC is bullish on real estate player KE Holdings (or Beike), and considers it a key beneficiary of "China's 2025 inflection point." KE Holdings "has the highest earnings sensitivity to a recovery in property sales in both the primary and secondary markets," he added. KE Holdings' shares are listed on the Hong Kong Exchange and trade as an American Depositary Receipt (ADR) in the U.S. under the ticker BEKE . Hongfa Technology HSBC is also bullish Hongfa Technology and has a target price of 48.10 Chinese yuan ($28.30) on the stock, giving it around 50% upside.

Persons: Oliver Yu, Goldman Sachs, Morgan Stanley, Yu, Corey Chan, Chan, — CNBC's Michael Bloom Organizations: HSBC, KE Holdings HSBC, Holdings, HSBC Global Research's, Real, KE Holdings, Hong Kong Exchange, Hongfa Technology HSBC, Technology, HSBC Qianhai Securities, Shanghai Stock Exchange, iShares Global Tech ETF, Fidelity MSCI Locations: China, U.S

☆ Martis: Walmart has the upper hand over Target with value and convenience
▼ + stars: | 2024-11-22 | 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 EmailMartis: Walmart has the upper hand over Target with value and convenienceJharonne Martis, Director of Consumer Research at LSEG, explains how Walmart's value and convenience are outpacing Target, with strong growth in groceries and omni-channel services. She highlights Abercrombie & Fitch and Walmart as top retail stocks for 2025.

Organizations: Walmart, Consumer Research, Abercrombie & Fitch

☆ JPMorgan says this steelmaker could gain more than 20% from here
▼ + stars: | 2024-11-22 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Carpenter Technology has multiple avenues of growth over the next few years, according to JPMorgan. Analyst Bennett Moore initiated coverage of the U.S.-based stainless steel and alloys manufacturer with an overweight rating and a price target of $220. "Shares have rallied ... on the back of strong demand, solid execution, and an attractive earnings outlook, and we feel the company is well positioned to capture further upside," Moore said in a Thursday note. Moore's investment thesis is built on the company's robust demand for its mostly customer-specific premium products, which he said gives Carpenter strong pricing power and supported its position as an "indispensable supplier." Carpenter Technology makes stainless steel and alloys, including a steel alloy used in manufacturing high-end knives.

Persons: Carpenter, Bennett Moore, Moore, Tim Leedy Organizations: Carpenter Technology, JPMorgan, Carpenter's, Medianews, Getty Locations: U.S

☆ Israelis unite behind their prime minister as Netanyahu faces an international arrest warrant
▼ + stars: | 2024-11-22 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +7 min

CNN —A decision by the International Criminal Court to issue arrest warrants for Israeli officials was met with anger and annoyance at Jerusalem’s bustling Mahane Yehuda Market. Gil Siegal, a legal scholar at the Ono Academic College in Israel, said The Hague-based court’s decision has united Israelis. Most Israelis still support the war in Gaza, he said, seeing it as a just fight and the only means to keep their country safe. The ICC “is saying that Gallant and Netanyahu are equal to Mohammed Deif… this is something that Israelis truly cannot comprehend, truly, truly cannot comprehend,” Siegal said. “Israel’s war machine does not only destroy Gaza but also hurts Israelis – in body and in spirit,” he told CNN.

Persons: ” Sarita Katzin Sarfati, Benjamin Netanyahu, Yoav Gallant, “ Netanyahu, Bibi, ” Sarita, Netanyahu, Netanel Yehuda, “, ”, Gil Siegal, Netanyahu –, Gallant, Mohammed Al, Masri, Mohammed Deif, Israel, ” Siegal, Yael Vias Gvirsman, Deif, Dreyfus, Alfred Dreyfus, Yair Lapid, Shurat HaDin, Behar Organizations: CNN, International, Court, Putin, Ono Academic College, ICC, Hamas, Israel Defense Forces, West Bank Locations: Mahane, Gaza, Israel, Hague, Tel Aviv, The Hague, Israeli

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