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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

☆ Banks hit credit card users with higher rates in response to regulation that may never arrive
▼ + stars: | 2024-12-03 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

In this article SYFBFHJPMBARC-GBCCOF Follow your favorite stocks CREATE FREE ACCOUNTA customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Synchrony and Bread raised the annual percentage rates, or APRs, on their portfolios by an average of 3 to 5 percentage points, according to Sakhrani. Some pain, no gainThe CFPB says the credit card industry profits off borrowers with low credit scores by charging them onerous penalties. In March, the agency introduced a rule to cap late fees at $8 per incident, down from an average of about $32. While the rule is currently held up in courts, card users are already dealing with the higher borrowing costs and fees attributed to the regulation.

Persons: Robert Nickelsberg, Banks, Sanjay Sakhrani, Perry Beberman, We've, Beberman, Athleta Organizations: Getty, Verizon, JCPenney, Consumer Financial, CNBC, U.S . Chamber of Commerce, Federal Reserve Bank of New, Citigroup, Barclays, JPMorgan Chase, American Express, Banana Locations: New York City, Federal Reserve Bank of New York, Stamford , Connecticut, Banana Republic

☆ JPMorgan sees S&P 500 rising to 6,500 in 2025 thanks to AI and deregulation
▼ + stars: | 2024-11-27 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 will be propelled to new heights in the new year thanks to momentum in artificial intelligence, a resilient economy and the possibility of easier regulation on industries, according to JPMorgan. The labor market has also held up, with more than 100,000 jobs being added in all but one month this year. The S & P 500 is up 4.1% since the Nov. 5 vote. UBS said this week it sees the S & P 500 rising to 6,400 , while Goldman Sachs and Morgan Stanley expect an expansion to 6,500. His 4,200, the lowest in the CNBC Pro Market Strategist Survey , implies 30% downside from Tuesday's close.

Persons: Dubravko Lakos, Bujas, Donald Trump's, Toll, Goldman Sachs, Morgan Stanley Organizations: Nvidia, Federal Reserve, Microsoft, Exxon Mobil, Tesla, Toll Brothers, Citigroup, UBS, Deutsche Bank, CNBC Pro Market, Survey Locations: Tuesday's, U.S

A handful of retail stocks stand to benefit more than others as the holiday shopping season gets underway in earnest on Black Friday, if history is any guide. Citigroup analyst Paul Lejuez also pointed to a encouraging consumer spending trends heading into Black Friday. "Overall, our survey paints a favorable picture for holiday spending," Lejeuz wrote late last week. Executives cited strong holiday shopping trends as a tailwind. The company's third-quarter earnings on Tuesday surpassed analyst estimates on the top and bottom line, while Abercrombie also raised its year-over-year sales guidance, signaling strong holiday shopping trends.

Persons: Goldman Sachs, Brooke Roach, Roach, Paul Lejuez, Lejeuz, Fitch, Abercrombie Organizations: Citigroup, CNBC Pro, P Retail, Body, Body Works, Abercrombie, Fitch Locations: Columbus , Ohio

☆ Fiserv stock is red hot. Why one fund manager thinks it can be a long-term winner
▼ + stars: | 2024-11-25 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The stock market rally for payments stock Fiserv is showing no signs of slowing down, and the company is winning over some new investors. "You roll all that together and you could wind up with like an 18%-20% type of earnings per share growth company," Burton said. Burton is the manager of NYLI Winslow Large Cap Growth Fund (MLAAX) , which has a four-star rating from Morningstar. He also manages two ETFs with similar strategies — the NYLI Winslow Focused Large Cap Growth ETF (IWFG) and NYLI Winslow Large Cap Growth ETF (IWLG) . Fiserv went public in 1986 and today has a market cap of $128 billion and 42,000 employees.

Persons: Patrick Burton, Burton, NYLI Winslow, Clover, Fiserv, Frank Bisignano, LSEG, Sanders, Alliance Bernstein, Lewis Sanders —, Dominic Ball, Ball, Michael Bloom Organizations: Winslow Capital Management, Growth, Morningstar, CNBC, Windsor Capital, Sanders Capital, Alliance Locations: Milwaukee, Fiserv, Atlantic

☆ Stocks making the biggest moves midday: Bath & Body Works, Robinhood, Macy's and more
▼ + stars: | 2024-11-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Bath & Body Works — The Ohio-based personal care company climbed more than 16%, on pace for its best day since November 2022. The retailer raised its forecast for full-year adjusted profit and said it expects a smaller drop in annual sales, boosted by solid demand for personal care products and new store offerings. Robinhood — The financial services provider surged 5% after Morgan Stanley upgraded it to overweight, citing upside from President-elect Donald Trump's looming second term in office. Target's shares have lost about 12% year to date and the stock's 3.6% dividend yield is very "attractive," the firm said. Abercrombie & Fitch — The retailer gained 4% ahead of its third-quarter earnings release , expected Tuesday morning.

Persons: Morgan Stanley, Donald Trump's, Macy's, Oppenheimer, AGCO, Gordon, Abercrombie, Fitch, Biohaven, Piper Sandler, CNBC's Hakyung Kim, Jesse Pound, Yun Li, Michelle Fox, Pia Singh, Scott Schnipper Organizations: Farm Equipment Limited, Gordon Haskett Research, Intel, CNBC, Commerce Department, U.S, Bancorp, Citigroup, Arm, UBS, Santander — ADRs, BDO, Nasdaq, Truist Securities Locations: The Ohio, New York, The Minneapolis, British, Spanish, Santander

☆ It will be a high stakes Black Friday. These are the retail stocks you want to own this holiday season
▼ + stars: | 2024-11-25 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +7 min

Every four years, the holiday season is a little more challenging for retailers as consumers get distracted by the selection of the next U.S. president. Citigroup analyst Paul Lejuez expects consumers will spend an average of 13% more this holiday season based on the findings of the bank's consumer survey. "Consumer wallets remain constrained, macro/geopolitical uncertainty persists and the shorter holiday season (five fewer days and Christmas on a Wednesday)," will weigh on spending, analyst Christopher Horvers said. TGT 3M mountain Target shares over the past three months. Sensormatic Solutions, which tracks foot traffic at stores, is predicting that Black Friday will be the busiest shopping day this holiday season, but also expects a lot of last-minute shopping this year.

Persons: Paul Lejuez, Lejuez, Christopher Horvers, Horvers, Circana, they'll, Marshal Cohen, Cohen, Morgan Stanley, Alex Straton, it's, Straton Organizations: Citigroup, National Retail Federation, Target, Dick's Sporting Goods, Academy Sports, Walmart, Circana, Black, Morgan, Nike, Depot, Home Depot Locations: Minneapolis

☆ Final Trades: Deckers, Electronic Arts, Citigroup and the INDA
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Deckers, Electronic Arts, Citigroup and the INDAThe Investment Committee give you their top stocks to watch for the second half.

Organizations: Electronic Arts, Citigroup, Investment

☆ Marc Rowan is the visionary behind Apollo's private-credit boom. Here's what happens if he leaves for the Trump White House.
▼ + stars: | 2024-11-20 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

AdvertisementApollo CEO Marc Rowan has transformed Apollo since he took over as CEO in 2021. Since Marc Rowan took over Apollo Global Management in 2021, he's transformed the firm — sending the stock skyrocketing. Representatives for Apollo didn't return a request for comment on Rowan's plans or the firm's succession plans. Rowan is Apollo's second CEO since the firm was founded in 1990. In a presentation to investors in October, Rowan unveiled plans to double down on the firm's lending business.

Persons: Marc Rowan, Donald Trump, he's, Chris Kotowski, Oppenheimer, Rowan, Kotowkski, Marc, Kotowski, Scott Kleinman, Jim Zelter, Grant Kvalheim, Apollo didn't, Leon Black, Jeffrey Epstein, Apollo, Black, Epstein, Josh Harris, Harris, Athene, Kleinman, Zelter, Trump, it's Organizations: Apollo Global Management, Trump White House, APO, Washington, Apollo, Citigroup, Athene, Trump Locations: Athene USA

☆ Oppenheimer's top stock picks heading into year-end
▼ + stars: | 2024-11-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Meanwhile, the Dow Jones Industrial Average and the S & P 500 are each up more than 3% month to date. As November nears its close, Oppenheimer has updated its top stock ideas list. Its $145 price target reflects almost 22% upside from Tuesday's close. Oppenheimer believes medical technology company Transmedics is also due for a rally, as its $125 target reflects nearly 51% upside from Tuesday's close. TMDX YTD mountain TMDX, year-to-date For newly added Citigroup, Oppenheimer's $107 target implies more than 56% upside from Tuesday's close.

Persons: Stocks, Donald Trump's, Oppenheimer, Rob Lynch, Brian Bittner, Suraj Kalia Organizations: Oppenheimer, Nasdaq, Dow Jones Industrial, Citigroup, Oppenheimer's Locations: Instacart

☆ Marc Rowan is the visionary behind Apollo's private-credit boom. Here's what may happen if he leaves for the Trump administration.
▼ + stars: | 2024-11-20 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

AdvertisementApollo CEO Marc Rowan has transformed Apollo since he took over as CEO in 2021. Here's what could happen to Rowan's vision if he leaves and who might fill his shoes. Since Marc Rowan took over Apollo Global Management in 2021, he's transformed the firm — sending the stock skyrocketing. Rowan is Apollo's second CEO since the firm was founded in 1990. AdvertisementJosh Harris, another founder, was also reportedly in the running for CEO, but Rowan got the job.

Persons: Marc Rowan, Donald Trump, he's, Chris Kotowski, Oppenheimer, Rowan, Kotowski, Marc, Apollo's copresidents, Scott Kleinman, Jim Zelter, Grant Kvalheim, Apollo didn't, Leon Black, Jeffrey Epstein, Apollo, Black, Epstein, Josh Harris, Harris, Athene, Kleinman, Trump, it's Organizations: Apollo Global Management, Trump White House, APO, Washington, Apollo, Zelter, Citigroup, Athene, Trump Locations: Athene USA

☆ Bitcoin edges higher as tensions mount between Ukraine and Russia
▼ + stars: | 2024-11-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Both stocks benefit from the trading of other, non-bitcoin assets across the crypto market. Bitcoin moved higher Tuesday even as other risk assets sold off amid rising geopolitical tensions between Ukraine and Russia. That drove bitcoin to fresh records and sent smaller crypto assets soaring. Like gold, crypto assets are seen by many investors as a "non-confiscatable," long-term hedge against geopolitical uncertainty. Citigroup, for example, in a note Monday reiterated the bank's view that bitcoin doesn't exhibit store-of-value properties.

Persons: Robinhood, cryptocurrency, Bitcoin, Vladimir Putin, Joe Biden, bitcoin, Matt Sigel, Sigel Organizations: Metrics, Investors, U.S, U.S ., Citigroup Locations: Coinbase, Ukraine, Russia, U.S

☆ Market veteran Howard Marks cautions that China's economic growth target is a 'Herculean challenge'
▼ + stars: | 2024-11-19 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Veteran investor Howard Marks said he was hopeful about China's economy, but cautioned that the country's growth target was a monumental challenge. China has set a growth target of "around 5%" for 2024, though Bank of America and Citigroup, among others, have projected the world's second-largest economy will grow at under 5%. The World Bank has pegged China growth in 2024 at 4.8%, and expects it to decline further to 4.3% next year, despite a recent slate measures to boost the economy. The World Bank cited headwinds such as sluggish Chinese consumer spending, a struggling property market and an ageing population as key concerns for the world's second-largest economy. "You can't produce economic growth through stimulus perpetually.

Persons: Howard Marks, Marks, CNBC's Emily Chan, it's, Donald Trump's, Xi Jinping Organizations: Oaktree Capital Management, Global Financial, Investment Summit, Hong Kong Monetary Authority, Bank of America, Citigroup, Bank, People's Bank of China Locations: China

☆ China's top financial officials set to speak at Hong Kong summit
▼ + stars: | 2024-11-19 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

GUANGZHOU, CHINA - APRIL 6: Chinese Vice Premier He Lifeng prepares for a meeting with U.S. Treasury Secretary Janet Yellen on April 6, 2024 in Guangzhou, China. Chinese Vice Premier He Lifeng and several other top financial policymakers are scheduled to speak Tuesday at a global financiers summit in Hong Kong. Hosted annually by the Hong Kong Monetary Authority, the third Global Financial Leaders Investment Summit will hold its main events throughout the day, after hosting guests at a welcome dinner on Monday evening. He, who oversees a top-level economic and financial policy-making body, would be delivering an opening keynote speech at the summit, according to South China Morning Post. Li Yunze, minister of China's National Financial Regulatory Administration, along with with Wu Qing, Chairman of China Securities Regulatory Commission and Zhu Hexin, deputy governor of People's Bank of China, are scheduled to discuss mainland China's financial developments in a panel, according to HKMA's agenda of the summit.

Persons: Lifeng, Janet Yellen, Li Yunze, Wu Qing, Zhu Hexin, Daniel Pinto, Morgan Stanley, Ted Pick, Jane Fraser, Goldman Sachs, David Solomon Organizations: U.S, Treasury, Hong Kong Monetary Authority, Global Financial, Investment, China Morning, Financial Regulatory Administration, China Securities Regulatory Commission, People's Bank of China, JPMorgan Chase, Citigroup Locations: GUANGZHOU, CHINA, Guangzhou, China, Hong Kong, Beijing

☆ Cloud software company ServiceTitan files to go public on Nasdaq
▼ + stars: | 2024-11-18 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

ServiceTitan, a company that sells software to contractors such as plumbers and roofers, on Monday filed to go public on the Nasdaq under the ticker symbol "TTAN." The filing suggests that investors could be getting more interested in next-generation software companies. Based in Glendale, California, ServiceTitan offers cloud software for advertising, scheduling jobs, dispatching, producing invoices and taking payments. ServiceTitan's revenue growth rate will stand out for people investing in cloud stocks, who have seen rates sag with few new public companies in the sector. The average growth rate for Bessemer's Nasdaq Emerging Cloud Index, the basis for the WisdomTree Cloud Computing Fund, is 16.6%.

Persons: chipmaker Cerebras, Ara Mahdessian, Vahe Kuzoyan, Goldman Sachs, Morgan Stanley, Wells, Adena Friedman Organizations: Nasdaq, Revenue, Computing Fund, Investors, Battery Ventures, Bessemer Venture Partners, Iconiq, TPG, SAP, Citigroup, underwriters Locations: U.S, Glendale , California, Wells Fargo

☆ One week later – A look at the Trump trades gaining momentum and those that are fading
▼ + stars: | 2024-11-12 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

The S & P 500 last week scored its best week since November 2023, hitting the 6,000 mark, while the 30-stock Dow Jones Industrial Average climbed above 44,000. Stocks seen as early beneficiaries, among them steelmakers and banks, are losing momentum, while others like Tesla are continuing to climb. Its shares are nearly flat week so far this week. Take a look at the lot: Tesla 's the most popular winner in the group, gaining roughly 21% since Nov. 6, boosted by CEO Elon Musk's close relationship with Trump. Other than Tesla, energy stocks Coterra Energy and Baker Hughes are also moving higher, the latter gaining more than 15% just this month.

Persons: Trump, Donald Trump, Stocks, Tesla, Morgan Stanley, Betsy Graseck, Elon Musk's, Edison Yu, JD Vance, Baker Hughes, Goldman, Citigroup — Organizations: weill, Dow Jones, CNBC Pro, Trump, Caterpillar, Steelmakers Steel Dynamics, JPMorgan, Citizens Financial, Prudential, Republican, Bank of America . Semiconductor, Micron Technology, Arista Networks, Deutsche Bank, Coterra Energy, Bank of America, Citigroup Locations: Wells Fargo

☆ Here's why Jim Cramer is hesitant to buy this AI chip stock right now
▼ + stars: | 2024-11-12 | by ( Paulina Likos | ) 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. If management has anything positive to say about the highly profitable segment, it "would really move the stock," Jim said. 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, we've, Jim, Evercore, Stocks, Bristol Myers, Shopify, Tyson, Okta, Jim Cramer's Organizations: CNBC, Club, Home Depot, Citigroup, Analysts, Broadcom, Google, Nvidia, Disney, Evercore ISI, Netflix

☆ Wall Street growing worried the stock market's Trump rally is getting ahead of itself
▼ + stars: | 2024-11-11 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 surged 4.7% last week, its biggest weekly gain since November 2023. Now, some on Wall Street are worried the rally may soon cool off, at least in the near term. He noted that 27% of S & P 500 companies hit 52-week highs on Wednesday when stocks made an explosive move the day after the election. The S & P 500 closed Friday's session at 5,995.54 after briefly trading above 6,000 for the first time. Elsewhere on Wall Street this morning, Piper Sandler named Nvidia a top pick, calling for a gain of nearly 20%.

Persons: Donald Trump, Jonathan Krinsky, Krinsky, Scott Chronert, Piper Sandler Organizations: Dow Jones Industrial, Nasdaq, Citigroup, Nvidia

☆ The 'Trump trades' that also give you income as you wait for policies to come to fruition
▼ + stars: | 2024-11-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

In addition, analysts had to predict further gains ahead — the stocks have at least 1% upside to the average price target, according to FactSet. Bank of America is among those on Wall Street that think the banks' move since Election Day has not been excessive. Citizens gained 30% from Election Day 2016 through the end of that year and jumped 14% on Wednesday. It added nearly 4% the day after the election and gained 18% from Election Day 2016 through the end of that year. Halliburton, which yields 2.3%, has the largest potential upside ahead — nearly 32% to the average price target.

Persons: Donald Trump, Jeremy Siegel, Ebrahim Poonawala, Trump, Piper Sandler, Mark Fitzgibbon, Keith Horowitz, Halliburton, Jeff Miller Organizations: Dow Jones, Wharton School, CNBC, Bank of America, UST, Trump, Regional Banking, Citizens Financial, Fifth Third Bancorp, Citizens, Fifth, Citigroup, Citi, Marathon Petroleum, Halliburton Locations: Gulf of Mexico

☆ Singapore's DBS eyes Malaysian bank stakes in expansion push, Reuters reports
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: +3 min

Deliberations are in very early stages, however, the sources said, and any formal negotiations for an acquisition of a stake in a Malaysian bank would need approval from the Malaysian central bank, or Bank Negara Malaysia. "We do not comment on market rumors and speculation," said a spokesperson for DBS, Southeast Asia's biggest lender by assets. Alliance Bank, the second smallest listed bank in Malaysia by total assets, and Bank Negara Malaysia did not respond to requests for comment after business hours on Friday. DBS is the only Singaporean bank without a retail banking presence in Malaysia. Local rivals Oversea-Chinese Banking Corporation and United Overseas Bank both have retail banking operations in Malaysia.

Persons: Piyush, Gupta, Tan Su Shan, Anwar Ibrahim Organizations: DBS Group Holdings, DBS, Alliance Bank Malaysia Bhd, Kuwait Finance House's, Bank Negara Malaysia, Temasek, Alliance Bank, Kuwait Finance House, Local, Oversea, Chinese Banking Corporation, United Overseas Bank, Gupta, Malaysian Locations: Malaysia, Singapore, Temasek, Kuwait, Malaysian, Bank, China, India, Indonesia, Taiwan

☆ Trump trades: Using the 2016 Trump rally stocks as a playbook for what to buy now
▼ + stars: | 2024-11-07 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Wondering what stocks might do well the rest of this year as America awaits Donald Trump take office for a second time in January? Others were high-beta growth stocks that can ride a broad market rally and benefit from corporate tax rates. Most analysts surveyed by LSEG hold buy ratings, but they expect KeyCorp shares to slide by more than 5% after their rally this year. Between Nov. 7 and the end of that year, KeyCorp shares ran up more than 25%. CarMax is a cyclical stock that should benefit from both deregulation and the rising tide for high-beta stocks.

Persons: Donald Trump, —, Ebrahim Poonawala, financials, Poonawala, Bernstein, Bob Brackett, there's, Citigroup's Andrew Kaplowitz, Kaplowitz, Wednesday's, LSEG, Keycorp, Keith Horowitz, KeyCorp, CarMax Organizations: CNBC, Trump, White, Bank of America, Energy, Dow, Targa Resources, Citigroup Locations: Cleveland

☆ Trump win and threat of more tariffs raises expectations for more China stimulus
▼ + stars: | 2024-11-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

On the campaign trial, Trump threatened to impose additional tariffs of 60% or more on Chinese goods sold to the U.S. She expects a stimulus package of more than 10 trillion yuan ($1.39 billion), with about 6 trillion yuan going towards local government debt swaps and bank recapitalization. More than 4 trillion yuan will likely go towards local government special bonds for supporting real estate, Su said. That divergence in stock performance indicates China's stimulus "will be slightly bigger than the baseline scenario," said Liqian Ren, who leads WisdomTree's quantitative investment capabilities. She estimates Beijing will add about 2 trillion yuan to 3 trillion yuan a year in support.

Persons: Zhu Baoliang, Trump, Su, Yue Su, —, Liqian Ren, Ren doesn't, Biden, Chris Miller, That's, China's, Zhiwei Zhang Organizations: Bund, Trump, Citigroup, U.S, Economist Intelligence Unit, National People's Congress, Huawei, Republicans, Senate, NBC, Republican Party, Emergency Economic, Trade Locations: Shanghai, China, Hong Kong, Beijing, U.S

☆ The four best bank stocks to own amid the Trump trade, according to top analyst Graseck
▼ + stars: | 2024-11-07 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

A Donald Trump presidency and Republican-controlled Senate could boost big banks, according to Morgan Stanley analyst Betsy Graseck. The analyst highlighted four big banks investors should look toward: Citigroup, Goldman Sachs , Wells Fargo and Bank of America . The acceleration in capital markets should benefit all the big banks, and Goldman Sachs is set to benefit the most, she noted. Meanwhile, Citigroup is most exposed to tailwinds from higher excess capital levels as a Republican-led government is unlikely to raise current capital requirements. She estimates this will result in an $86 billion jump in current excess capital for the big banks in the firm's coverage.

Persons: Donald Trump, Morgan Stanley, Betsy Graseck, financials, Financials, Graseck, Goldman Sachs, Wells, Goldman Organizations: Republican, Trump, House Republicans, Citigroup, Bank of America Locations: Wells Fargo, Basel

☆ These S&P 500 stocks are cheap and expected to do well from here
▼ + stars: | 2024-11-06 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Cheap stocks still remain for investors to buy, despite the equity market persisting near its all-time highs. Strong economic growth and the commencement of an interest rate reduction cycle have propelled stocks to new heights this year, with the benchmark S & P 500 index up 21% in 2024, as of Tuesday's close. CNBC Pro recently screened data from LSEG to find the stocks in the S & P 500 that are currently priced at a discount and could see outperformance going forward. Industrial company 3M has already risen 38% this year but could climb another 15%, according to its average price target. Other names on the list of cheap but promising stocks included technology titan Alphabet , conglomerate Berkshire Hathaway and airline carrier United Airlines .

Persons: Wells Fargo, TD Cowen, Ryan Langston Organizations: Dow Jones Industrial, Nasdaq, CNBC Pro, Citigroup, Universal Health Services, SDP, Universal Health Services . Industrial, 3M, LSEG, Berkshire Hathaway, United Airlines Locations: Monday's

☆ Stocks to buy once election results are clear and volatility eases, according to Bank of America
▼ + stars: | 2024-11-06 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Several stocks could rise if market volatility scales back after Tuesday's U.S. presidential election, according to a Bank of America analysis. Stock market volatility climbed ahead of the election, with the Cboe Volatility Index , known as Wall Street's "fear gauge," crossing 23 on Thursday. But with the winner of the election decided, the VIX has eased to around 16 on Wednesday. To react to this scenario, Bank of America screened for several lower-quality stocks inversely correlated to the VIX that could see a pop in their share prices. Morgan Stanley revised its 2024-25 revenue estimates on NXP lower, expecting a period of stagnation in the automotive semiconductor market.

Persons: Morgan Stanley, Brandon Berman Organizations: U.S, Bank of America, Semiconductors, Builders, United Rentals, Autodesk, financials Citigroup, Blackstone, Citigroup Locations: Netherlands, Europe, Americas

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