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☆ Here are Thursday's biggest analyst calls: Nvidia, Microsoft, Netflix, CVS, Honeywell, Nike, AIG, Sunnova & more
▼ + stars: | 2024-10-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +14 min

Barclays upgrades CVS to overweight from equal weight Barclays said the stock is a "new margin story." JPMorgan downgrades Honeywell to neutral from overweight JPMorgan said it's downgrading the stock after 15 years with an overweight rating. UBS upgrades Tronox to buy from neutral UBS said it's bullish on the chemical manufacturer. "We upgrade shares of EVGO from Neutral to Buy, following the $1.05bn DOE loan conditional commitment announced last week. "Our bullish view of AIG reflects its outsized EPS growth, lower exposure to risks facing commercial lines carriers (casualty reserves and higher cat loads), high capital flexibility, and attractive valuation."

Persons: Morgan Stanley, Goldman Sachs, Goldman, it's bullish, Jefferies, TD Cowen downgrades, Cowen, Bernstein, Brinker, Kevin Hochman, Truist, it's, BIRK, Cantor Fitzgerald, Mara, Cantor, MARA, Wolfe, Google's, Satya Nadella, Lucas Jackson Organizations: Nvidia, Netflix, Barclays, JPMorgan, Honeywell, Microsoft, UBS, TD Cowen downgrades Pepsi, U.S, Department of Energy, DOE, RBC, PayPal, Cirrus, Bank of America, underperform Bank of America, Nike, Mara Holdings, AIG, DOJ, Google, Reuters Locations: EVGO, EAT's, LHX, New York City

☆ 11 US housing markets most at risk from climate change — with annual homeowners insurance premiums up to $10,473
▼ + stars: | 2024-08-01 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

Here's what you need to know about home insurance in the age of climate change, as well as the top most at-risk US housing markets. While State Farm recently reversed this decision and agreed to renew the policies, California homeowners must secure fire coverage separately through a state-backed insurance program. Still, climate change-related risks play an undeniable and increasing role in home insurance premium pricing as more insurance providers design their policies to consider extreme weather. AdvertisementThe 11 most at-risk US housing marketsCalifornia is hardly the only state being impacted by climate change. For ease of comparison, the annual insurance premiums shown represent how much a homeowner would pay for $300,000 of dwelling coverage.

Persons: —, Bankrate, It's, We've Organizations: Service, Business, Insurance, National Centers for Environmental, Farm, Golden State Locations: California, East, Golden

☆ Nvidia stock has 50% upside on the potential boom of its AI-fueled software business, analyst says
▼ + stars: | 2024-06-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Nvidia stock still has 50% upside, according to Rosenblatt analyst Hans Mosesmann. That's according to Rosenblatt semiconductor analyst Hans Mosesmann, who increased his Nvidia price target to a street-high $200 per share on Tuesday. But going forward, the real profit story for Nvidia isn't in its hardware-focused GPU business, but rather in its software business, which is spearheaded by Nvidia's popular CUDA platform. Right now, Nvidia's hardware business is going through an unprecedented boom period. Mosesmann's bullishness on Nvidia's software platform was echoed by I/O Fund Tech analyst Beth Kindig last month.

Persons: Rosenblatt, Hans Mosesmann, Mosesmann, —, Hopper, Blackwell, Rubin, Beth Kindig, Kindig Organizations: Nvidia, Service, Rosenblatt, Nvidia isn't, O Fund Tech

☆ China’s Xi Jinping highlights Europe’s divisions ahead of expected Putin visit
▼ + stars: | 2024-05-12 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Chinese state media played up the warm diplomacy, with headlines proclaiming China’s “ironclad” bond with Serbia and “golden friendship” with Hungary. Both are sure to closely watch any summit between Xi and Russian President Vladimir Putin in China, expected to happen soon. Chinese leader Xi Jinping is welcomed at the airport in Belgrade on May 7 for his two-day state visit. Xi also marketed a shared worldview during his meeting with Orban in Hungary, which is a member of both the EU and NATO. Chinese leader Xi Jinping talks with Hungarian Prime Minister Viktor Orban in Budapest on May 9.

Persons: Xi, Peng Liyuan, Aleksandar Vucic, Viktor Orban, China’s, Vucic, Orban –, Emmanuel Macron, Ursula von der, Vladimir Putin, Orban, Hungary “, ’ ”, Philippe Le Corre, ”, Putin, Le Corre, Xi Jinping, Dimitrije Goll, Xi’s, Serbia’s Vucic, ” Vucic, Bruno Le Maire, BYD, Liu Dongshu, Vivien Cher Benko, Tamas Matura, Mark Rutte, Olaf Scholz, Matura, Von der, “ Orban, Gabor Scheiring Organizations: Hong Kong CNN, Russia, Ukraine, China, Europe …, Asia Society, Center for, Forum, Anadolu, Getty, EU, NATO, ”, Xi, Hong Kong’s City University ., Hungarian, Central, Dutch, Georgetown University Locations: Hong Kong, France, Ukraine, China, Belgrade, Budapest, Paris, Serbian, Hungarian, Serbia, Hungary, Europe, Russia, Russian, ”, Europe … Hungary, Center for China, Beijing, United States, EU, Hong, Central, Eastern Europe, Eastern, Moscow, Qatar, “ Hungary

☆ China’s Xi is visiting Europe for the first time in five years – his goodwill tour will be an uphill struggle
▼ + stars: | 2024-05-04 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Major breakthroughs with China’s toughest critics will be hard to come by unless Xi is ready to make surprise concessions. And the trip could instead serve to underscore divisions – not only between Europe and China – but those within Europe that could play to China’s favor, analysts say. Chinese President Xi Jinping and French President Emmanuel Macron visit a garden in Guangdong during Macron's state visit to China last April. Putin has said he plans to visit China this month, according to Russian state media. Xi may also look to highlight Chinese investments in both Belgrade and Budapest in a message to the rest of Europe.

Persons: Xi Jinping, Andrea Bocelli, –, Xi, China –, ”, Noah Barkin, Hungary –, Ursula von der Leyen, Emmanuel Macron, Von der Leyen, Olaf Scholz, Chong Ja Ian, “, Chong, Jacques Witt, China’s, Macron, Russia …, Wang Yiwei, Vladimir Putin, Putin, Aleksandar Vučić, Viktor Orban – Organizations: CNN, European Union, Ukraine, German Marshall Fund of, EU, “, National University of Singapore, Getty, Beijing’s Renmin University, NATO, Reuters, EV Locations: China, Italy, France, Germany, United Kingdom, Russia, “ China, Europe, Berlin, United States, Serbia, Hungary, Beijing, Paris, “ France, North America, Guangdong, Ukraine, Switzerland, Barkin, “, Belgrade, Budapest, Balkans, Balkan

☆ Stripe rival Adyen's shares soar 22% as European payments giant posts profit beat, slows hiring
▼ + stars: | 2024-02-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Shares of European online payments giant Adyen jumped on Thursday, after the company reported strong sales growth and better-than-expected profit for 2023. Here's how the company did in its full-year results:Net revenue: 1.626 billion euros ($1.75 billion), up 22% year-on-year. That's broadly in line with expectations of 1.636 billion euros, according to LSEG, formerly RefinitivEBITDA (earnings before interest, tax, depreciation, and amortization): 743.0 million euros, up 2% year-on-year. The company also said it "significantly expanded" its partnership with a single, unnamed existing digital customer, which contributed to better sales growth overall. The move intended to address investor concerns that the company was spending too aggressively on hiring while peers were cutting back on their capital expenditure.

Persons: Adyen, Jefferies Organizations: PayPal, Analysts, Spotify Locations: Amsterdam, Klarna

☆ We need to 'convene' finance, energy, aviation and policy: Boeing CSO
▼ + stars: | 2023-12-05 | 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 EmailWe need to 'convene' finance, energy, aviation and policy: Boeing CSOChris Raymond, Boeing's chief sustainability officer, says that's in order to "find a way to derisk this enough for everybody."

Persons: Chris Raymond Organizations: Boeing

☆ German economy, auto sector face risks from exposure to China, fund manager says
▼ + stars: | 2023-11-15 | by ( Christoph Steitz | ) www.reuters.com time to read: +2 min

[1/2] A view shows the flags of China and Germany at a booth of a German automaker at the Auto Shanghai show, in Shanghai, China, April 19, 2023. That poses a dilemma for the German government, which is actively trying to get companies to derisk from China, the world's second-largest economy. The fund manager said it was striking that German companies are also increasingly relocating research and development activities to China, while others did the opposite for security reasons. Union Investment holds stakes in virtually all German blue-chip companies, including German carmakers Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and Mercedes-Benz (MBGn.DE) as well as BASF (BASFn.DE), which all have major ties and exposure to the Chinese economy. The exposure means that German carmakers are facing risks such as being squeezed out of the Chinese market as well as seeing increased Asian competition in Europe, the fund manager said.

Persons: Aly, Christoph Steitz, Paul Simao Organizations: Auto, REUTERS, Rights, Union Investment, Reuters, Investment, Volkswagen, BMW, Mercedes, Benz, BASF, Thomson Locations: China, Germany, Auto Shanghai, Shanghai, Japan, South Korea, United States, derisk, German, Europe, Berlin, Beijing

☆ Gavin Newsom says ‘divorce is not an option’ for US and China after Xi Jinping meeting
▼ + stars: | 2023-10-26 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —“Divorce is not an option” when it comes to the world’s two largest economies, California Governor Gavin Newsom told CNN on Wednesday following his meeting with Chinese leader Xi Jinping. In an interview with CNN’s Christiane Amanpour, Newsom said his meeting with Xi in Beijing had revived hope that the United States and China were at a turning point in their relations. Newsom — the first US governor to meet with Xi in six years — is in China for a week-long visit to promote action on climate change. Xi also expressed the hope that the governor’s visit to China would help stabilize the broader relationship. If it were a country, California “would be the fifth largest economy in the world,” Newsom told CNN.

Persons: Hong Kong CNN —, Gavin Newsom, Xi Jinping, CNN’s Christiane Amanpour, Newsom, Xi, “ We’ve, We’ve, ”, Newsom —, ” Newsom, “, that’s Organizations: Hong Kong CNN, CNN, Xinhua, Global Times, BYD Locations: Hong Kong, California, Beijing, United States, China, decouple, Shenzhen

☆ China weighs options to blunt U.S. sanctions in a Taiwan conflict
▼ + stars: | 2023-10-20 | by ( Eduardo Baptista | ) www.reuters.com time to read: +10 min

"In the context of intensified Sino-U.S. strategic competition and the Taiwan Strait conflict, we should be wary of the U.S. replicating this financial sanction model against China," wrote Chen Hongxiang, a researcher at a branch of the People's Bank of China (PBOC) in eastern Jiangsu province. Wang and several PBOC researchers wrote in articles that if the U.S. implemented Russia-style sanctions on China, Beijing should freeze U.S. investment and pension funds and seize the assets of U.S. companies. ENERGY AND ALLIANCESBesides financial sanctions, Russia's response to Western pressure on its oil, gas, metals, and chips industry has given food for thought to Chinese researchers. Chinese researchers also suggested Beijing exploit cracks within the European Union and between the U.S. and its allies. "The mutual penetration of the Chinese and American economies will inevitably weaken the willingness to impose financial sanctions," he wrote.

Persons: Thomas Peter, Chen Hongxiang, Xi Jinping, Yu Yongding, Yu, PBOC, Wang Yongli, Wang, Sun, Mou Lingzhi, Xia Fan, Ye Yan, Martin Chorzempa, Chorzempa, Chen, Eduardo Baptista, David Crawshaw Organizations: REUTERS, Rights, U.S, Moscow, China, People's Bank of China, Reuters, Senior U.S, People's Liberation Army, China National Knowledge Infrastructure, China International Futures, U.S ., China Center for International Economic, Shanghai Academy of Social Sciences, China Minmetals Corporation, London Metals Exchange, Oil and Gas Exploration, Development Company, European Union, Peterson Institute for International Economics, EU, Thomson Locations: Fuzhou, Taiwan, Matsu, China, Rights BEIJING, Russia, Ukraine, Jiangsu, Beijing, Russian, U.S, Hainan, Washington, United States

☆ Philips CEO: China business, supply chain undergoing major changes
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, Oct 19 (Reuters) - Making more products for China locally and buying chips from several suppliers are just two of the supply chain changes Dutch healthcare technology firm Philips is making due to rising trade tensions, its CEO Roy Jakobs told Reuters. "Before we were all seeking the optimal global supply chain efficiency," he said. Jakobs took the top job at Philips in 2022 amid a major recall of sleep apnea and respiratory devices. Philips' China business boomed before the pandemic, but that trend is slowing, Jakobs said. "Second, third, fourth tier suppliers in China do a lot for the whole world ...(realistically) there will be a certain continuous dependency on China".

Persons: Philips, Roy Jakobs, Jakobs, Toby Sterling, Sharon Singleton Organizations: Reuters, Philips, Thomson Locations: AMSTERDAM, China, U.S, Germany, Netherlands

☆ India will materialize as a 'terrific opportunity' for Apple, says analyst
▼ + stars: | 2023-09-29 | 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 EmailIndia will materialize as a 'terrific opportunity' for Apple, says analystJason Moser of The Motley Fool discusses Apple's business opportunities in Asia, as major companies move to derisk from China amidst growing concerns over supply chain disruptions.

Persons: Jason Moser Organizations: Apple Locations: Asia, derisk, China

☆ Sibanye brings in Chinese partner for Mopani Copper Mines bid
▼ + stars: | 2023-08-29 | by ( Felix Njini | ) www.reuters.com time to read: +3 min

The Johannesburg-based precious metals producer is on the shortlist of potential buyers for the copper mines owned by a unit of the Zambian government. The Chinese company has a presence in copper mining and would be joining Sibanye as an investment partner, Froneman said. The Chinese investor could help derisk the investment at Mopani, Froneman said. "They are an investment partner but technically they understand the copper business and smelting, so it's managing risk," he said. The Mopani assets require significant investment but spending would be spread over a number of years, Froneman said.

Persons: Neal Froneman, we've, Froneman, Felix Njini, Tannur Anders, Sharon Singleton, David Holmes Organizations: Mines, Reuters, China's Zijin Mining, U.S, Rothschild & Co, Thomson Locations: NAIROBI, Stillwater, Johannesburg, Zambian, Southern Africa, Europe, U.S, Mopani, Switzerland, ZCCM

☆ China to be centre of Mercedes-Benz 2025 EV sales drive, Automobilwoche says
▼ + stars: | 2023-07-23 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, July 23 (Reuters) - Mercedes-Benz (MBGn.DE) is making China, the world's top auto market, central to its next electric vehicle (EV) campaign starting in 2025, its CEO told German magazine Automobilwoche. From 2025, all of Mercedes-Benz's new vehicle platforms will only make EVs under a strategy the German luxury automaker outlined in 2021. A senior executive told Automobilwoche the models the company plans to launch in China based on the upcoming MB.EA platform were being reviewed to ensure they better meet the needs of local customers, singling out space and digital content. China remains the most relevant market for Germany's automakers, but local brands are in control with an 81% share of the Chinese EV market in 2022, Counterpoint Research found. China also has a significant stake in Mercedes-Benz, whose top two shareholders are Beijing Automotive Group Co Ltd (1958.HK) and Geely (GEELY.UL) Chairman Li Shufu.

Persons: Ola Kaellenius, Automobilwoche, Li Shufu, Christoph Steitz, Barbara Lewis Organizations: Benz, Mercedes, EV, Research, Beijing Automotive Group Co, HK, Thomson Locations: FRANKFURT, China, Berlin, Ukraine

☆ China decoupling would kill Europe's economy, Hungary's foreign minister says
▼ + stars: | 2023-06-27 | 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 EmailChina decoupling would kill Europe's economy, Hungary's foreign minister saysHungary's foreign minister Péter Szijjártó says that efforts by Europe to decouple or derisk from China would be an act of economic suicide. He adds that a cooperative Europe can benefit from ties with Beijing.

Persons: Péter Szijjártó Locations: Europe, China, Beijing

☆ How US allies can mitigate Trump 2.0
▼ + stars: | 2023-05-29 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

LONDON, May 29 (Reuters Breakingviews) - A return to the White House by Donald Trump would create challenges for the world’s other rich democracies. TRUMP IN POLYCRISISBiden has painstakingly created a consensus with his core allies since Putin invaded Ukraine last year. PREPARE FOR THE WORSTThe world’s other rich democracies - call them the G6 - cannot change the outcome of the U.S. presidential election. Politicians in other rich democracies can also try to persuade Republican leaders that now is not the time to abandon Kyiv. If other rich democracies adopt a vigorous mitigation strategy now, they’ll be better prepared if Trump does return.

☆ Strongmen are riskier the more they stay in power
▼ + stars: | 2023-05-22 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

The longer authoritarian leaders stay in power, the greater the risk they will make decisions that damage their economies. For example, the Turkish stock market rose nine-fold in dollar terms during Erdogan’s first decade in charge. Similarly, the Russian stock market rose five-fold in dollar terms during Putin's first 14 years in the Kremlin. Xi’s zero-Covid policy meant the Chinese economy had a bad year in 2022 when the rest of the world was rebounding. In the last nine years, the stock market has lost nearly 20% of its value in dollar terms.

☆ China's supply chain is too central and efficient for companies to 'derisk' from it, analyst says
▼ + stars: | 2023-04-19 | 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 EmailChina's supply chain is too central and efficient for companies to 'derisk' from it, analyst saysMattie Bekink of the Economist Intelligence Corporate Network says the China market is "too large, too attractive, too central and too efficient" to abandon.

☆ Credit Suisse's investment bankers are so concerned about cuts, employees are being told to look for new jobs. 'They encouraged it.'
▼ + stars: | 2023-03-20 | by ( Carter Johnson | Casey Sullivan | Dakin Campbell | ) www.businessinsider.com time to read: +12 min

The fate of Credit Suisse's investment bank hangs in the balance after being sold to UBS. The investment bank's planned spinoff has been put on hold and bankers are bracing for job cuts. People said they expect Credit Suisse's planned spinoff of its investment banking operations, announced last year, to be scuttled. Over at 11 Madison Ave., where Credit Suisse's NY operations are headquartered, emotions were running hot on Monday. Now, the proposed CS First Boston deal hangs in the balance, with both industry experts and Credit Suisse employees uncertain whether it will go through.

☆ Asian shares edge higher, dollar rally takes a breather
▼ + stars: | 2023-02-28 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

SINGAPORE, Feb 28 (Reuters) - Asian shares nudged higher on Tuesday, tracking small gains on Wall Street, while the U.S. dollar paused after a sharp rally as month-end flows lift sentiment and investors adjust to expectations of more interest rate hikes. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.25% higher but was set to end the month down about 6%. China shares (.SSEC) was up 0.4% while Hong Kong's Hang Seng index (.HSI) was 1% higher but was on track to end its three month winning streak as the China reopening rally loses steam. China shares have also been weighed down by rising geopolitical tension, with U.S.-China relations the dominant uncertainty at the forefront of investor minds. The dollar index , which measures U.S. currency against six other peers, rose 0.048% and was set to snap a four month losing streak.

☆ Latest Microsoft results show the tech giant is still a buy despite near-term pressures, analysts say
▼ + stars: | 2023-01-25 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Microsoft may be facing some near-term pressures, but most analysts think the stock remains a buy at current levels. Radke has a buy rating on the stock, and raised his target price slightly to $282 from $280. His $300 price target represents more than 23% upside from Tuesday's closing price for the stock. Davidson's Gil Luria was especially bullish on Microsoft, saying that the tech giant "deserves a premium valuation relative to the market and its Pac4 comparables." He lowered his price target to $265 from $267.

☆ BMO upgrades this gene-editing play, sees shares returning 65% next year
▼ + stars: | 2022-12-20 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

BMO Capital Markets sees a big year ahead for biotech company Beam Therapeutics . Analyst Kostas Biliouris upgraded shares to outperform from market perform, saying he expects updates next year on a key partnership will drive upside for the gene-editing technology company. Beam has a partnership with biotech company Verve Therapeutics , which is using Beam's base editing technology for its VERVE-101 program. "We believe these catalysts will have a direct readthrough on BEAM, each driving a ~10%+ upside (stock moves here)." Shares of Beam Therapeutics are down more than 49% in 2022, while Verve Therapeutics is off by about 51%.

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