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☆ Bull market revs back up on Trump enthusiasm as traders race to grab small caps, banks and Tesla
▼ + stars: | 2024-11-09 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

For one, the market was already in a sturdy uptrend, the S & P ahead by 20% in 2024 by October. Now, the S & P is up 44% in the past 18 months and the P/E is above 22 on more elevated margins. Here's the S & P 500 Value vs Growth relationship since 2014. His call is for investors to fade any near-term rally that takes the S & P above his 6100 "bull case" target for year end. For sure, the S & P 500 is by some measures running a bit hot, pushing above the top end of its two-year bull-market path.

Persons: Donald Trump's, Jay Powell, Trump, Cyclicals, Russell, YTD, Doug Ramsey, we're, reflating, Scott Chronert, Goldman Sachs Organizations: Republican, Trump Trade, Federal, Treasury, financials, Nasdaq, Group, Investment, Trump, Russell, Citi Locations: upending Washington, U.S, year's

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Nike, Ferrari, Amazon, Instacart, Spotify & more
▼ + stars: | 2024-11-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Nvidia as buy Goldman said the stock is best positioned ahead of earnings later this month. JPMorgan upgrades Yum China to overweight from neutral JPMorgan upgraded the China operator of brands like KFC following earnings. Wedbush reiterates Tesla as outperform The firm said the EV maker is a big winner of a Trump presidency. Deutsche Bank reiterates Spotify as buy Deutsche said it's bullish heading into the streaming company's earnings report on November 12. JPMorgan downgrades Super Micro to underweight from neutral JPMorgan downgraded the stock following earnings citing too much regulatory uncertainty.

Persons: Bernstein, Apple, Goldman Sachs, Goldman, YUMC, Wedbush, Tesla, Trump, Jefferies, Raymond James, it's, Wells, BURL, Oppenheimer, TD Cowen downgrades Brown, Forman, Cowen, Needham, revs, Ferrari, it's bullish, Mizuho, Monness Crespi Hardt, Snowflake Organizations: Nvidia, JPMorgan, KFC, Trump, Ryman Hospitality, Citi, GE Healthcare, General Electric, Barclays, Tencent, Entertainment, Deutsche Bank, Spotify, Deutsche, Nike, Burlington, GAP, Super Micro, Services, UBS, Ferrari, Data Center, 2027E, Bank of America, of America Locations: China, 2Q24, Snowflake

☆ Lionel Messi becomes Inter Miami’s all-time leading goal scorer after 11-minute hat-trick helps team to record point total
▼ + stars: | 2024-10-21 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +3 min

Messi came on as a substitute in the second half and stole the show with a rapid-fire hat-trick, netting three goals between the 78th and 89th minute. This made the 37-year-old the all-time leading goal scorer in the club’s short history – his 33 goals take him past teammate Leonardo Campana’s current total of 32, according to the team. The win – the squad’s 22nd of the season – pushed Miami’s point total to 74, breaking the MLS record of 73 set by the Revolution in 2021, per the club. “For the team, it’s a boost of confidence, more confidence,” said head coach Gerardo Martino postgame, via Inter Miami. Carmen Mandato/Getty ImagesAnother excellent team goal, assisted by Suárez, gave Messi his hat-trick to cap off the scoring frenzy.

Persons: Lionel Messi, Messi, Leonardo Campana’s, –, ”, Gerardo Martino, it’s, ” Miami, Sam Navarro, Gianni Infantino, Luca Langoni, Dylan Borrero, Luis Suárez, Jordi Alba –, Benjamin Cremaschi, Messi dribbles, Carmen Mandato, Suárez Organizations: CNN, Inter Miami, Major League Soccer, England, Miami, Chase Stadium, MLS, “, Inter, USA, Reuters, FIFA, US, Eastern Conference, Eastern, CF Montréal, Atlanta United Locations: Inter Miami, New England, Miami

☆ Citi upgrades Cisco Systems, says Wall Street is underestimating AI tailwinds
▼ + stars: | 2024-10-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Don't overlook the artificial intelligence potential of Cisco Systems , Citi said. "While AI is currently a small piece of the biz (~2% of revs), we see the potential for a stronger contribution," he wrote. At least three major hyperscalers have already begun using the company's tools in backend networks, and Malik views Cisco's recent $9 billion 2027 hyperscaler AI opportunity forecast as potentially understated. "We believe shares warrant a sizable discount to networking peer valuation to reflect lingering share loss concerns, somewhat tempered by growing AI opportunities," he wrote. "Even at a 30+% discounted target multiple to peer average, we see meaningful upside to shares."

Persons: Atif Malik, Malik Organizations: Cisco Systems, Citi

☆ Stifel’s Barry Bannister sticks to his bearish market stance
▼ + stars: | 2024-10-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Over the past month, the S & P 500 has climbed 3.2% to break above 5,800 for the first time. "Despite all the soft-landing and Fed rate cut optimism, the S & P 500 up almost 40% y/y has simply over-shot," he wrote in a note to clients. "S & P 500 over-valuation has been supported by (and fully reflects) the Fed likely cutting the real funds rate," he added. This summer, he said he expected the S & P 500 to fall to 5,000 by the fourth quarter. While not included in CNBC Pro's Market Strategist Survey , that forecast would mark Stifel as the second lowest among those surveyed.

Persons: Barry Bannister, Stifel, manias, Bannister Organizations: Federal Reserve, CNBC Pro's, Survey, Citi, Cisco Systems

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Starbucks, Disney, Microsoft, Cisco, Coinbase & more
▼ + stars: | 2024-10-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wells Fargo reiterates Citi as overweight The firm said Citi remains a number one pick following earnings on Tuesday. Citi reiterates JB Hunt as a top pick Citi said the shipping giant remains a top pick following earnings on Tuesday. Citi upgrades Cisco to buy from neutral Citi says AI will play a bigger role in Cisco's future than investors assume. Bank of America upgrades Corteva to buy from neutral The firm said the ag chemical company has numerous tailwinds ahead. Citi reiterates Coinbase as buy The firm lowered its price target on the stock to $275 per share from $345.

Persons: Fargo, Goldman Sachs, Wells, Baird, Grainger, Jefferies, Rapid7, GTM, JB Hunt, JBHT, it's bullish, Bernstein, Tesla, it's, GOOG, TD Cowen, Yum, Cowen, Taco Bell, Morgan Stanley, Piper Sandler, Walt Disney, Guggenheim, HSBC downgrades Estee Lauder, Estee Lauder, Coinbase Organizations: Citi, FAST, BMO, Microsoft, Netflix, Autodesk, Nvidia, Barclays, Apple, DoJ, UBS, California Resources, CRC, Chord Energy, Yum Brands, Taco, Taco Bell, Disney, Walt, Cisco, HSBC downgrades, HSBC, Bank of America, Qualcomm Locations: China, Greater China

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Ferrari, Meta, Amazon, Eli Lilly, Walmart, Uber & more
▼ + stars: | 2024-10-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs reiterates Nvidia as buy Goldman raised its price target to $150 per share from $135 following a series of Nvidia management meetings. Morgan Stanley names Atlassian a top pick Morgan Stanley named Atlassian a top idea and says the software company is well positioned for share gains. Morgan Stanley reiterates Eli Lilly as overweight Morgan Stanley raised its price target on the stock to $1,158 per share from $1,106. JPMorgan reiterates Amazon, Uber and Meta as top picks JPMorgan said in a note on Friday that Amazon, Uber and Meta were the firm's top three picks heading into earnings. JPMorgan upgrades Ferrari to overweight from neutral The firm says it's more constructive on the luxury automaker following a series of management meetings.

Persons: Wells, Redburn, Mercado, Morgan Stanley downgrades Qorvo, Morgan Stanley, Goldman Sachs, Goldman, Jensen Huang, Colette Kress, Stewart Stecker, Atlassian, Eli Lilly, LLY, Mizuho downgrades Mobileye, Kinder Morgan, it's bullish, Benedetto Vigna, Investor Relations Aldo Benetti, Tesla, Guggenheim Organizations: Bank of America, Broadcom, TAM, UBS, Devices, Mercado Libre, Nvidia, Pharma, Mizuho, JPMorgan, Meta, of America, Ferrari, Investor Relations, Netflix, Guggenheim, Walmart Locations: America, OW, China

☆ Wall Street loves the big rate cut... it just needed a day to think about it
▼ + stars: | 2024-09-19 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The Fed cut rates by a half percentage point on Wednesday, surprising some traders who anticipated a quarter-point reduction. S & P 500 and Nasdaq-100 futures were also up sharply, boosted by gains in tech. Data shows gains ahead And the data shows if a recession is avoided, Fed rate cuts lead to strong gains for stocks. The rate cut also took place with the S & P 500 trading around record levels. "Over the past 40 years, the Fed has cut rates 12 times with the S & P 500 within 1% of an all-time highs.

Persons: Canaccord Genuity, Tom Essaye, BTIG, Jake Fuller Organizations: Federal, Federal Reserve, Dow, Dow Jones, Nasdaq, JPMorgan

Several analysts raised their ratings and price targets on Starbucks a day after news that Chipotle CEO would take over at the coffee chain. Starbucks shares rallied on the news, while Chipotle shares fell. He also lowered his price target on shares to $685 from $750, which implies just 6% upside from Monday's close. Chipotle shares pulled back of 7% comes as decelerating trends and a sector rotation already impacted Chipotle's multiple. Since Niccol took the position of CEO in 2018, Chipotle shares surged more than 770%.

Persons: Bernstein, Fatima Boolani, Boolani, — Hakyung Kim, Eli Lilly Eli Lilly's, Berenberg, Lilly, Kerry Holford, " Holford, Morgan Stanley, Keith Weiss, Weiss, Hakyung Kim, Brian Niccol's, Danilo Gargiulo, Gargiulo, Niccol, Chipotle, Laxman Narasimhan, Brian Niccol, Baird, David Tarantino, Fred Imbert Organizations: CNBC, Citi, Palo Alto, Palo Alto Networks, pharma, Intuit, Starbucks, Deutsche Bank, SBUX Locations: Tuesday's

☆ Wimbledon final analysis: Carlos Alcaraz beats Novak Djokovic for second Wimbledon title
▼ + stars: | 2024-07-14 | by ( Matthew Futterman | Charlie Eccleshare | ) www.nytimes.com time to read: +17 min

Follow live coverage of the 2024 Wimbledon men’s final and mixed doubles final hereWIMBLEDON — Carlos Alcaraz beat Novak Djokovic in the Wimbledon final at the All England Club 6-2, 6-2, 7-6 on Sunday. That’s any match, against any ailing opponent — let alone a Wimbledon final against a 24-time Grand Slam champion. By the time he had raised his level to where it needed to be to hang with Alcaraz, Djokovic was down two sets. In Sunday’s final, Wimbledon got a glimpse of how irresistible he is when this area of his game clicks. As they were watching my final, I have to watch their final and support them.”What did Novak Djokovic say after the final?

Persons: Carlos Alcaraz, Novak Djokovic, Djokovic’s, Roger Federer, Rafael Nadal, Bjorn Borg, Rod Laver, Alexander Zverev, Roland Garros, Andy Murray, Charlie Eccleshare, Matt Futterman, Djokovic, Alcaraz, Djokovic didn’t, Clive Brunskill, It’s, —, John Walton, Alex de Minaur, Doctors, Novak, Frances Tiafoe, Daniil Medvedev, Alexei Popyrin, Holger Rune, De Minaur, Arthur Fils, Lorenzo Musetti, Carlos, it’s, ” Alexander Zverev, Henry Nicholls, bamboozled Djokovic, volleyed, Max Purcell, Jordan Thompson, ”, “, I’m, “ I’ve, Daniil, Medvedev, I’ve, …, Alcaraz “ Organizations: Wimbledon, WIMBLEDON, All England, Djokovic, Alcaraz, Court, Getty, England, “ Locations: Wimbledon, Spain

☆ How Apple could double its revenue growth, according to top analyst Laura Martin
▼ + stars: | 2024-07-10 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Needham sees Apple doubling its revenue growth by building out an advertising business. Analyst Laura Martin said the big technology company's single-digit revenue growth rate feels "increasingly at risk" over a three-year time horizon. Martin pointed to eMarketer data showing worldwide ad revenue should come in at just about $9.3 billion for Apple in the 2024 fiscal year. Selling connected TV ads on AppleTV+ could alone double the company's expected revenue growth rate of just 1% this year, Martin said. More broadly, she said advertising could help "reinvigorate" Apple's "anemic" revenue growth rate, while also accelerating free cash flow growth and upside to return on invested capital.

Persons: Needham, Laura Martin, Martin, LSEG Organizations: Apple, Amazon, Big Tech Locations: U.S

☆ Judy Garland and ‘The Trolley Song’: Why an 80-year-old performance speaks to today’s LGBTQ community
▼ + stars: | 2024-06-26 | by ( Scottie Andrew | Sydney Bishop | ) edition.cnn.com time to read: +9 min

“The Trolley Song,” a second-act standout from the 1944 movie musical “Meet Me in St. Louis,” was sung by Judy Garland in striking Technicolor. And yet it has found new life online nearly 80 years later as an unlikely anthem for LGBTQ Pride. “Happy pride month (sic) to Judy Garland in the trolley song. Kelleher likened it to Cher’s 1998 autotune fantasia “Believe” but “somehow even more gay.”Like Cher’s hit, “The Trolley Song” is dripping in artifice. “The Trolley Song” has been adopted by LGBTQ people since Garland first started singing it in concert.

Persons: ”, Louis, Judy Garland, Sabrina Carpenter’s, Oz, Dave Karger, Patrick Kelleher, Garland, ” Kelleher, “, huff, Esther Smith, ‘, clang ’, ’, zing ’, Paige Turner, … ” Turner, ” Paige Turner, Turner, Kelleher, Louis ”, Manuel Betancourt, “ Judy, Rufus Wainwright, –, Judy, Rufus, Wainwright, ” Wainwright, Garland’s, ” Karger, Dee Michel, Dorothy, ’ ”, Michel, ” Michel, Jim Bailey, Princess Diana, King Charles, Liza Minnelli, It’s, ” Turner, “ Gay Organizations: CNN, LGBTQ, Turner, TCM, Warner Bros ., Pride, Broadway, Carnegie Hall, Capitol Studios, Gay Boys Locations: St, Ireland, Missouri, New York, London, Los Angeles

☆ Apple's market cap to hit $4 trillion next year, says Wedbush's Dan Ives
▼ + stars: | 2024-06-24 | 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 EmailApple's market cap to hit $4 trillion next year, says Wedbush's Dan IvesDan Ives, Wedbush Securities managing director, joins 'Power Lunch' to discuss Apple as the company revs its AI strategy.

Persons: Wedbush's Dan Ives Dan Ives Organizations: Wedbush Securities, Apple

☆ I drove the new $55,000 Nissan Z, and it lives up to its reputation as an iconic sports car
▼ + stars: | 2024-06-23 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +2 min

The Nissan Z was an absolute blast to drive. The Nissan Z's cabin. On a winding road, the Bridgestone Potenza-shod car handled the corners with the surefooted confidence expected of a world-class sports car. They were monsters in a straight line but felt heavy and unsure of themselves in the corners. According to Motor Trend, the Nissan Z Performance with the manual transmission can go from 0 to 60mph in just 4.9 seconds.

Persons: Benjamin Zhang, it's, hasn't, gunning Organizations: Nissan, Bridgestone Potenza, 350Z, Motor

The firm upgraded the ingredients maker to buy from neutral but lowered its price target to $48 per share from $50. "Though these items might not help earnings until 2025, we believe visibility surrounding them could improve in coming months and send the share price higher," he added. Lovallo has a $198 price target for Lennar, reflecting 30.1% in upside. Analyst Raimo Lenschow upgraded the marketing automation stock to overweight from equal weight and upped his price target by $4 to $29. Singlehurst raised her price target to $58 from $54.20, but the new forecast implies nearly 2% downside from Tuesday's close.

Persons: Goldman Sachs, Thomas Palmer, — Brian Evans, Edward Jones, Logan Purk, — Jesse Pound, John Lovallo, Lovallo, — Alex Harring, Oppenheimer, Colin Rusch, Rusch, Alex Bradley, Alex Harring, Raimo Lenschow, Lenschow, Wells, Steven Cahall, Wedbush, Michael Pachter, Pachter, Keith Gill, Piper Sandler, Valvoline Piper Sandler, Peter Keith, Keith, VVV's algo, hasn't, Will Gaertner, Gaertner, Morgan Stanley, Mark Murphy, Keith Weiss, Brent Bracelin, Louise Singlehurst, Singlehurst, Fred Imbert Organizations: CNBC, Analysts, Citi, Diamond Green Diesel, AMD, Devices, Nvidia, UBS, Lennar, KB, Barclays, Wells Fargo, Paramount, GameStop, Products, LSEG, Google, AI, JPMorgan, Oracle Locations: California, Tuesday's, VVV, reaccelerate, ORCL

Shares of Logitech are up 2% on the year and could rally another 17%, if Scemama's target price holds true. Analyst Kristine Liwag accompanied the move by raising her price target to $225 from $178. The bank reiterated its overweight rating on the credit card stock but lifted its price target to $275 from $265. International revs should run above the 10%+," the analyst added. Goldman analyst Tina Hou set a 12-month price target of $34, while Bank of America analyst Ming Hsun Lee set a price objective of $35.

Persons: Bernstein, Goldman Sachs, Goldman, TZE, Brian Lee, Lee, — Spencer Kimball, Didier Scemama, Scemama, — Lisa Kailai Han, Morgan Stanley, Kristine Liwag, Heico's, Liwag, Stanley Black, Decker, Julian Mitchell, Mitchell, Wells, Wells Fargo, Donald Fandetti, Fandetti, Canaccord, Kingsley Crane, Crane, Oppenheimer, Jed, Kelly foresees, FanDuel —, Kelly, Zeekr, Tina Hou, Ming Hsun Lee, Hou, Stacy Rasgon, Rasgon, Fred Imbert Organizations: CNBC, Broadcom, Bank of America, Investors, Technologies, Department of Energy, Logitech, Boeing, Barclays, Stanley, Nvidia, American, Express, American Express, U.S . American Express, Wall, Zeekr, China EV, China, Geely Automobile, AMD Locations: Monday's, EU, U.S, China, BofA

☆ This retirement planning gap is 'hidden in plain sight,' Harvard professor says
▼ + stars: | 2024-05-29 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Yet, there's a notable lack of attention and concern given to the social aspect of retirement, experts said. It's a facet of retirement planning that's almost "hidden in plain sight," said Robert Waldinger, a clinical professor of psychiatry at Harvard Medical School. Money is the "obvious" focus when it comes to retirement planning, Waldinger said. Put another way: "Social connections are really good for us" and "loneliness kills," Waldinger explained in a 2015 TED Talk titled "What makes a good life?" "Some people say, 'It's too late for me'" to make new social connections, Waldinger said.

Persons: Jose Luis Pelaez, there's, that's, Robert Waldinger, Waldinger, General, David Sbarra, Sbarra, It's, Yochai Shavit, Shavit, it's Organizations: Social Security, Finances, Allianz Life, Harvard Medical School, Waldinger, Harvard, TED, U.S, Laboratory, University of Arizona, Finance, Stanford University Center, Longevity, CNBC Locations: People

☆ Russia’s War Machine Revs Up as the West’s Plan to Cap Oil Revenues Sputters
▼ + stars: | 2024-05-20 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

Energy prices have been relatively stable across the world, including in the United States, which helped devise the plan. But Russia’s war effort in Ukraine is intensifying, making it increasingly clear that efforts by Western allies to squeeze Moscow’s oil revenues are faltering. A variety of factors have allowed Russia to continue profiting from strong oil revenue, including lenient enforcement of the price cap. Russia’s development of an extensive “shadow” fleet of tankers has allowed it to largely circumvent that policy. That has allowed the Russian economy to be more resilient than expected, raising questions about the effectiveness of the coordinated sanctions campaign employed by the G7.

Persons: Biden Organizations: Energy Locations: States, United States, Ukraine, Russia

☆ Buy the dip on tech stocks like Apple and Nvidia ahead of earnings, Morgan Stanley says
▼ + stars: | 2024-04-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

There's still plenty of big tech-related stocks to buy ahead of earnings, Morgan Stanley said recently. The firm said investors should buy the weakness in stocks like Nvidia and Apple before the companies deliver their quarterly results. CNBC Pro combed through Morgan Stanley research to find stocks the firm likes as earnings season continues. Nvidia The firm said it's standing by shares of the AI chipmaker ahead of earnings in late May. Fortinet Fortinet is scheduled to report earnings on May 2 and Morgan Stanley continues to pound the table for the stock.

Persons: Morgan Stanley, Joseph Moore, NVDA, Moore, Meta Marshall, Keysight, Marshall, Fortinet Fortinet, Hamza Fodderwala, he's, Fodderwala, Fortinet, Dell, Q, Q revs, we'd Organizations: Nvidia, Apple, CNBC, Dell, Keysight Technologies, Apple's, NVIDIA

Monday's analyst calls included a price target cut for one of the biggest tech companies in the world and Goldman Sachs getting bullish on an e-commerce giant ahead of earnings. Morgan Stanley cut its price target on Apple to $210 from $220, citing the potential for disappointing fiscal third-quarter guidance. 6:50 a.m.: Morgan Stanley remains bullish on Nvidia even after chipmaker's sell-off The recent slump in artificial intelligence-related stocks hasn't steered Morgan Stanley away from Nvidia . Sheridan kept his buy rating and $220 price target on Amazon, which is expected to post its earnings results on April 30. Analyst Erik Woodring reiterated his overweight rating on the tech giant but cut his price target to $210 from $220.

Persons: Goldman Sachs, Morgan Stanley, Goldman, Joseph Moore, Moore, — Pia Singh, shouldn't, Wamsi Mohan, Mohan, Benjamin Swinburne, Swinburne, Eric Sheridan, Sheridan, Erik Woodring, Woodring, Fred Imbert Organizations: CNBC, Apple, Nvidia, NVIDIA, Bank of America, Spotify, Amazon, Services Locations: North America

☆ Here are Monday's biggest analyst calls: Apple, Nvidia, Tesla, Meta, Amazon, Microsoft, Spotify, Ferrari & more
▼ + stars: | 2024-04-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley lowered its price target on the stock to $210 per share from $220 but says it's sticking with Apple. Bank of America reiterates Amazon as buy Bank of America said it's bullish heading into Amazon earnings next week. Bank of America reiterates Tesla as neutral Bank of America said it's sticking with its neutral rating on Tesla shares. Morgan Stanley upgrades Alcoa to equal weight from underweight Morgan Stanley said it sees a more balanced risk/reward for shares of Alcoa. Bank of America reiterates Apple as buy Bank of America says Apple is a top pick at the firm.

Persons: Goldman Sachs, Goldman, Morgan Stanley, it's, Piper Sandler, Piper, Apple, Q, Q revs, Papa, Stifel, Papa John's, Jefferies, Mizuho, JPMorgan, Raymond James downgrades, Raymond James, TD Cowen, BRBR, BMO downgrades, Tesla, Oppenheimer Organizations: Nvidia, NVIDIA, RBC, Apple, Microsoft, Meta, Bank of America, JPMorgan, Cisco, Deutsche Bank, Realty Trust, Deutsche, Brands, BMO, of America, Alcoa, Kymera Therapeutics, " Bank of America Locations: Singapore, Asia, Brazil

☆ Buy these five stocks ahead of earnings before it's too late, Bank of America says
▼ + stars: | 2024-04-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

CNBC Pro combed through Bank of America research to find the firm's favorite buy-rated stocks ahead of company earnings. They include: CoStar Group, Fidelity National Information Services, Cisco, Home Depot and Adobe. Bank of America upgraded the stock to buy from neutral earlier this week, citing several positive catalysts. "A growth company buying a growth company," he said of the deal. Home Depot "A growth company buying a growth company.

Persons: Tal Liani, Liani, Robert Ohmes, Ohmes, Jason Kupferberg, Kupferberg Organizations: Bank of America, CNBC, Fidelity National Information Services, Cisco, Home, Adobe, Cisco Time, Home Depot, Fidelity National Information, FIS Locations: Bank, Atlanta, buybacks

☆ Needham upgrades Netflix, sets $700 price target on future AI benefits
▼ + stars: | 2024-04-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Don't overlook Netflix's future stake in the artificial intelligence race, according to Needham. Analyst Laura Martin upgraded the streaming stock to buy from hold, saying its "tech-first culture" makes it one of the best-positioned streamers to benefit from the transition to AI. The upgrade from Needham comes on the heels of the media company's first-quarter earnings report. Netflix surpassed earnings expectations and said it will stop disclosing quarterly subscriber numbers and average revenue per membership next year. NFLX YTD mountain Shares this year Martin also lifted the firm's price target to $700 a share, suggesting that shares can rally another 15% from Thursday's close.

Persons: Needham, Laura Martin, Martin Organizations: Netflix Locations: Thursday's

☆ Rejoice, millennials: The vampire boyfriend is cool again
▼ + stars: | 2024-04-14 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +7 min

If you've spent time on TikTok or X in the past few months, you may have spotted a proliferation of videos and posts about two video game characters. There's Astarion from "Baldur's Gate 3," and more recently, there's Vincent Valentine, a fan-favorite character from Square Enix's "Final Fantasy VII" remake. Square Enix; Gregg DeGuire/Getty ImagesMercer's opening line in "Final Fantasy VII: Rebirth" is now a fandom legend. from within the depths of his velvet-lined coffin, longtime "Final Fantasy" fans were introduced to the super-cool, uber-goth gunslinger. "I hope viewers of the work see, too, that there's more underneath the surface of a person than the trope of this decadent, hedonistic, theatrical vampire," Newbon said.

Persons: —, hasn't, you've, There's, there's Vincent Valentine, Edward Cullen sparkled, Edward, he's, there's, Alucard, Valentine, Matthew Mercer, Neil Newbon, Matt Mercer, Zelda, Vincent Valentine, Gregg DeGuire, Vincent, Mercer, I've, Vox, Scott Garfitt, who's, Astarion, Newbon Organizations: Service, Business, BAFTA, Getty Images

☆ Five tech stocks with upside worthy of buying ahead of earnings, Wells Fargo says
▼ + stars: | 2024-04-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

A slate of tech stocks could be set to pop as earnings season revs up, Wells Fargo analysts say. CNBC Pro combed through Wells Fargo research to find the firm's favorite tech stocks as earnings begins. Uber Analyst Ken Gawrelski said he's staying bullish heading into the ride-sharing company's earnings report. Monday.com Shares of the project-management software company are too attractive to ignore, according to Wells Fargo. There is no shortage of positive catalysts for Monday.com shares, he said.

Persons: Wells, Ken Gawrelski, he's, Uber, Gawrelski, Roblox Roblox, Michael Berg, Berg, missteps, … Organizations: CNBC, Microsoft, Monday.com, Amazon Locations: Wells Fargo, Monday.com

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