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☆ An effective, cheap hedge on Apple shares into earnings, according to Mike Khouw
▼ + stars: | 2024-10-21 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

The largest source of revenue is the iPhone, and the company released its iPhone 16 last month. Other Apple products include Mac computers and iPad tablets, Apple Music, the Apple Watch, and other wearable devices. Android mobile devices indeed have a more significant smartphone market share internationally. The DOJ filed suit in March of this year, allegedly violating antitrust laws by monopolizing the smartphone market. At 31.5 times forward earnings estimates, Apple is four turns richer than the 27.5 5-year average.

Persons: Saudi Arabia's, what's, Dan Ives, YTD Organizations: Apple, Apple Music, Apple Watch, Cloud Services, Samsung, Microsoft, Saudi, Aramco, Android, DOJ, CNBC, NBC UNIVERSAL Locations: Americas, United States, Korea, China, Wedbush

☆ Goldman Sachs upgrades Warby Parker to buy, cites strong margin growth as catalyst
▼ + stars: | 2024-10-21 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Analyst Brooke Roach noted that while the stock's valuation "remains somewhat elevated," Warby Parker's strong fundamentals and margin growth outlook justifies outperformance from here. Warby Parker trades at a forward price-to-earnings multiple of 69, well above the S & P 500's 24.6 ratio. Warby Parker also has a track record of maximizing its labor operations and first-year store profitability. Analysts are generally bullish on Warby Parker, which is up 17% for the year. Of the 15 covering the stock, eight have buy or strong buy ratings, LSEG data shows.

Persons: Warby, Goldman Sachs, Brooke Roach, Warby Parker, Roach

☆ Stocks making the biggest moves midday: Boeing, UPS, Cigna, Warby Parker and more
▼ + stars: | 2024-10-21 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Boeing — The stock climbed 3%. Cigna — The insurer's stock slid more than 4% after Bloomberg reported, citing people familiar with the matter, that Cigna has reignited merger discussions with Humana. AppLovin — The application technology stock jumped 8% on the back of a major price target hike from Bank of America. Atlantic Union Bankshares — The holding company for Atlantic Union Bank pulled back more than 5% after third-quarter net interest income missed analysts' estimates. Atlantic Union reported net interest income of $186.8 million, while analysts polled by FactSet were looking for $195.0 million.

Persons: Warby Parker, Goldman Sachs, Cigna, AppLovin, Bernstein, FactSet, Johnson, —, Samantha Subin, Michelle Fox, Alex Harring, Sean Conlon Organizations: Boeing, Bloomberg, Humana, United Parcel Service, Barclays, Bank of America, Southwest Airlines —, CNBC, Elliott Investment Management, ASML Holdings, Atlantic, Atlantic Union Bank, Atlantic Union, Johnson Locations: Bank

☆ Morgan Stanley says these 10 small-cap stocks have at least 50% upside
▼ + stars: | 2024-10-20 | by ( William Edwards | ) www.businessinsider.com time to read: +2 min

Small-cap stocks surged in July, with the Russell 2000 rising 11.5% in a week. Morgan Stanley thinks they could be set for more upside in the months ahead. "We recently upgraded Small caps to neutral vs Large caps after a persistent 3 ½ year period of underperformance. "For us to get outright bullish on Small caps, leading macro indicators would likely need to reflect a clear acceleration in growth," he added. Below, we've compiled the 10 stocks on the list with the highest upside to their Morgan Stanley price targets.

Persons: Russell, Morgan Stanley, —, Nicholas Lentini, Lentini, we've Organizations: Service

☆ Analysts pick winners from China stimulus measures
▼ + stars: | 2024-10-20 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Now that China's key ministers have spoken on stimulus, analysts have narrowed down the stocks likely to benefit. Chinese stocks have tempered their recent rally as investors await more policy details. Beyond interest rate cuts, the most tangible Chinese stimulus policies include subsidies to boost consumption with a trade-in program, along with incremental property market support. They screened for mainland-traded Chinese stocks with relatively high dividend yields and strong cash flow. While Chinese property developers may not bounce back right away, HSBC analysts expect construction software company Glodon, listed in Shenzhen, can benefit from property market stabilization.

Persons: David Chao, Morgan Stanley, Morgan, Ni Hong, Edward Chan Organizations: Asia Pacific, Aluminum Corp, Cement, HSBC, National Bureau of Statistics Locations: Japan, Invesco, Hong Kong, Anhui, Beijing, Shenzhen, Shanghai

☆ Top Wall Street analysts like these stocks for their growth prospects
▼ + stars: | 2024-10-20 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

To this end, top Wall Street analysts, with their expertise, can help investors understand the key drivers that could support a company's long-term growth and pick stocks that are likely to deliver lucrative returns. Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Also, the analyst is confident about his Q4 revenue growth estimate of 12%, given "healthy closure rates and further pipeline building into a seasonally strong 4Q24." The company has been seeing stellar revenue growth rates, driven by robust demand for its advanced GPUs (graphics processing units) in building artificial intelligence models and applications. The analyst thinks that Blackwell's launch and ramp-up are not just near- and medium-term revenue growth drivers, but also key factors that will enhance Nvidia's competitive advantage.

Persons: Cowen, Shaul Eyal, Eyal, TipRanks, Gregg Moskowitz, Microsoft's GitHub, Moskowitz, Goldman Sachs, Toshiya Hari, Hari Organizations: Wall Street, Lacework, Mizuho, Nvidia, Dell, Hewlett Packard Enterprise Locations: billings

Several companies due to report next week could get a boost after their earnings results. To separate the wheat from the chaff, CNBC Pro screened FactSet for companies reporting in the coming days that are liked by analysts and also have strong earnings momentum. One bullish analyst is Morgan Stanley's Erik Woodring, who reiterated an overweight rating and $133 price target on Seagate in an Oct. 15 note to clients. Health care stocks Universal Health Services and HCA Healthcare have also seen improved sentiment, as measured by earnings estimates since the Spring. The investment bank maintained its buy rating while increasing its price target on HCA by $75 to $450, implying 8% potential upside from Friday's close.

Persons: Morgan Stanley's Erik Woodring, Woodring, TD Cowen Organizations: CNBC Pro, Seagate Technology, Seagate, Universal Health Services, HCA Healthcare, Analysts, Healthcare, HCA

☆ These are Morgan Stanley's highest conviction plays for earnings season
▼ + stars: | 2024-10-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Here are five of Morgan Stanley's 10 highest conviction plays, which the firm sees near-term catalysts driving "a meaningful move" upward. Morgan Stanley sees a positive set up for Eaton and is forecasting beats on all key performance indicators, including Americas organic growth and margins. "Our detailed organic growth build supports steady ~8% organic growth in 2025-26, roughly ~200 bps above Consensus, which drives [mid-single digit] EPS upside and argues for multiple expansion on sustained strength," he added. Eaton is set to report third-quarter earnings on Oct. 29. His price target of $100 suggests shares could rise 29% from Friday's close.

Persons: Morgan Stanley, Michelle Weaver, Morgan Stanley's, Eaton, Chris Snyder, Ron Kamden, Keith Weiss, —, Sarah Min Organizations: CNBC Disruptor, Microsoft Locations: Eaton, Americas, 4Q24, Friday's

☆ Here's where investors worried about a stock market bubble should put their money, according to a top economist
▼ + stars: | 2024-10-19 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Investors worried about a market correction should adjust their portfolios, David Rosenberg says. The top economist has warned stocks are in a bubble and at risk of a major decline. Investors need to exercise caution and avoid following the "herd mentality," Rosenberg said, pointing to the fervor for mega-cap tech stocks. Instead, he said, investors should focus on stocks with strong business models, strong growth, and good prices, and add some "insurance" to their portfolios. Most forecasters on Wall Street still expect a strong performance from equities into year-end and 2025.

Persons: David Rosenberg, —, who's, he's, Chuck Prince, Rosenberg, REITs, Goldman Sachs Organizations: Service, Rosenberg Research, Utilities, Aerospace, UBS, BMO, Deutsche Bank Locations: —

☆ Cramer says Netflix can rise 30% from Friday's new highs to $1,000 — here's why
▼ + stars: | 2024-10-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer believes Netflix 's innovative use of artificial intelligence (AI) in its ad-supported tier is a game changer, positioning the company far ahead of its competitors. "Netflix is so far ahead of everybody else," Jim noted, adding that the Street's enthusiasm for Netflix stock on the back of Thursday's beat-and-raise quarter is largely driven by its success in AI-based advertising. Netflix's AI advantage, Cramer highlighted, is why investors are willing to pay up for the stock. He set a $1,000 price target on the stock, which implies a 30% upside from Friday's intraday high of roughly $763. Looking ahead, co-CEO Gregory Peters stated that advertising would become one of Netflix' key growth drivers during the company's post-earnings webcast Thursday.

Persons: CNBC's Jim Cramer, Jim Cramer, Jim, Cramer, Gregory Peters Organizations: Netflix Locations: Thursday's, United States

☆ Netflix closes at all-time highs after reporting solid earnings beat and strong guidance
▼ + stars: | 2024-10-18 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

The surge comes after the streaming giant reported another strong quarter and issued positive guidance. Quarterly revenue was slightly above estimates while its ad-supported tier saw strong subscriber growth. AdvertisementInvestors poured into Netflix shares on Friday, sending the stock to record highs after the streaming giant's solid third-quarter earnings report. The surge came after Netflix reported a strong earnings beat and gave positive forward guidance that gave investors confidence about its position in the streaming wars. He said Netflix's latest earnings and free cash flow set it apart from the competition in the increasingly fierce streaming wars.

Persons: —, Morgan Stanley, Benjamin Swinburne, Swinburne Organizations: Service, Netflix, Bloomberg, UBS, Bank of America, CNBC Locations: signups

☆ Jefferies says these top stock picks are cheap and offer upside heading into year-end
▼ + stars: | 2024-10-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

As the fourth quarter ramps up, several stocks have room to appreciate in coming months, according to Jefferies. Heading into the end of the year, Jefferies has updated its list of stock recommendations it calls its "franchise picks," spotlighting high-conviction, buy-rated names. "Higher reinvestment rates are correlated with better returns," Jefferies added. Their average price target of almost $24 implies roughly 10% upside – less than the nearly 26% that would result if Jefferies' target of $27 is reached. And Jefferies' target of $295 implies more than 17% upside from the current price.

Persons: Jefferies, Morgan Stanley, Wells, –, Johnson Organizations: Dow, Nasdaq, JPMorgan, Consumer, Johnson, PepsiCo, Sysco, Jefferies, ConocoPhillips, Port, North Field, Oil, Procter, Gamble, Colgate Locations: Wells Fargo, Alaska, Port Arthur, Texas, Qatar, Houston, LSEG, U.S, , New Jersey, Kenvue

☆ Bank of America hikes Nvidia price target, says shares can rally almost 40%
▼ + stars: | 2024-10-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Nvidia could be positioned for even more growth ahead, according to Bank of America. Analyst Vivek Arya reiterated his buy rating on the chip giant and raised his price target by $25 to $190. That would add to the monstrous rally it has already seen this year, with shares surging more than 176% in 2024. Not only that, Arya cited "underappreciated" enterprise partnerships with companies such as Accenture and ServiceNow as catalysts for more growth. The stock advanced around 1% in the premarket on Friday following Arya's price target change.

Persons: Vivek Arya, Jensen Huang, Blackwell, Arya, Nvidia's Organizations: Nvidia, Bank of America, Accenture, ServiceNow, Microsoft, Foundry, Apple Locations: Taiwan

☆ These dividend-paying stocks could be in the 'early innings' of a rally
▼ + stars: | 2024-10-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

"As evidenced by XLV [Health Care Select Sector SPDR Fund], price is back through the 50 day [moving average] on this relief rally," he said. "Not yet overbought, it looks to us like the early innings of a reacceleration back towards the highs. XLV YTD mountain Health Care Select Sector SPDR Fund year to date On top of that rally is the added benefit of dividend payouts on many health care stocks. At least 51% of the Wall Street analysts who cover each stock rates it a buy, according to FactSet data. CI YTD mountain Cigna year to date Cigna beat earnings and revenue estimates in its second quarter when it reported results in August.

Persons: Rob Ginsberg, Abbott, Robert Ford, Dickinson, Cigna, Lina Khan, Merck Organizations: Wolfe Research, SPDR, CNBC Pro, Wall Street, nab, Abbott Laboratories, Company, Cigna's, Federal Trade Commission, CVS Health, UnitedHealth, Merck, Co Locations: . Connecticut

☆ Nvidia stock has another 38% upside amid a 'generational opportunity' in AI, Bank of America says
▼ + stars: | 2024-10-18 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Bank of America analysts raised their price target for Nvidia stock to $190 a share this week. They see the AI market growing to $400 billion, giving Nvidia a "generational opportunity." AdvertisementNvidia stock has been on a tear all year, but investors can brace for even more gains ahead, Bank of America analysts say. The analysts point to exponential growth in the AI market in the coming years, which they say will give Nvidia a "generational opportunity" as the chip titan continues to strengthen its lead in the market. Nvidia's stock has skyrocketed this year, up 187% as AI continues to boom after a brief sell-off over the summer.

Persons: —, Nvidia's Organizations: of America, Nvidia, Service, Bank of America, Google, Meta, Accenture, ServiceNow, Oracle, Microsoft, Foundry

☆ Morgan Stanley on Netflix: Still see opportunity for the streaming giant to hit $1,050
▼ + stars: | 2024-10-18 | 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 EmailMorgan Stanley on Netflix: Still see opportunity for the streaming giant to hit $1,050Benjamin Swinburne, Morgan Stanley analyst, joins 'Money Movers' to discuss Netflix's quarterly earnings results, why the firm is reaffirming its price target on Netflix, and what gives the firm this confidence in Netflix.

Persons: Morgan Stanley, Benjamin Swinburne Organizations: Netflix

☆ These 3 UK stocks are on the march and set to soar by over 50%, RBC says
▼ + stars: | 2024-10-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Three London stocks are on the march and are expected to rise by more than 50% over the next 12 months. TM17-GB 1Y line More recently, RBC said the company reported "a good set of results" in September. The company reported £80.6 million in total sales, missing revenue expectations of £81.5 million marginally. Wheeler also noted that the stock had "significant upside potential" after the company reported its first-half results on July 26. RBC analyst Charles Weston said the stock remains "materially undervalued" after the company reported its first half-year financial results.

Persons: Debbie Bestwick's, Steve Bell's, Frank Sagnier's, Ross Broadfoot, Broadfoot, Team17, RBC's Alexander Wheeler, Wheeler, Charles Weston, OXB Organizations: CNBC Pro, RBC Capital Markets, RBC, Drax, Oxford Biomedica, Oxford, University of Oxford Locations: London, England, Team17

☆ Underestimated the Fed's success and consumer strength with price targets: Oppenheimer's Stoltzfus
▼ + stars: | 2024-10-18 | 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 EmailUnderestimated the Fed's success and consumer strength with price targets: Oppenheimer's StoltzfusJohn Stoltzfus, Oppenheimer Asset Management chief investment strategist, joins 'Squawk on the Street' to discuss the strategist's S&P target, why the firm has continued to raise its price targets, and much more.

Persons: John Stoltzfus Organizations: Oppenheimer Asset Management

☆ Netflix earnings beat expectations. Here's what analysts are saying
▼ + stars: | 2024-10-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Analysts are getting even more bullish on Netflix following its earnings beat for the third quarter . Here is what other firms are saying: Pivotal Research keeps buy rating on stock The firm raised its price target to $925, a Street high. Bernstein reiterates its market perform rating The firm increased its price target to $780 from $625. Bank of America reiterates its buy rating The bank increased its price target to $800 from $740. 3Q results were generally ahead (OI 5% higher) while commentary pointed to sustained double-digit revenue growth and margin expansion in 2025."

Persons: Doug Anmuth, Anmuth, Morgan Stanley, Benjamin Swinburne, Bernstein, Goldman Sachs, NFLX Organizations: Netflix, JPMorgan, WWE, NFL, of America, Gaming, UBS, 3Q

☆ Stocks making the biggest moves midday: Netflix, Apple, CVS Health, Lamb Weston, U.S. Cellular and more
▼ + stars: | 2024-10-18 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Separately, CVS issued third-quarter adjusted earnings guidance between $1.05 and $1.10 per share, far weaker than the FactSet consensus estimate of $1.69 a share. MGP Ingredients — Shares tumbled 26% after MGP Ingredients, a distilled spirits producer, issued preliminary third-quarter earnings and revenue guidance that missed expectations. Earnings of $1.23 per share missed the FactSet consensus estimate of $1.34 in earnings per share. Comerica reported $1.33 in earnings per share, compared to $1.17 per share expected by analysts, according to FactSet. Still, adjusted earnings of 89 cents per share beat the expected earnings per share of 88 cents.

Persons: Lamb Weston —, Jana Partners, Lamb Weston, David Joyner, Karen Lynch, LSEG, LSEG ., Riley, Ally, FactSet, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim, Jesse Pound Organizations: Netflix, U.S . Cellular, Telephone, Data Systems, U.S, Cellular, Verizon Communications, CVS, MGP, American, Apple —, Bloomberg, Counterpoint Research, Western, Western Alliance, LSEG, LSEG . Fifth Third, Fifth Third Bancorp, Comerica, Holdings Locations: U.S, China

☆ Baird says this security stock is a buy that can rally nearly 40%
▼ + stars: | 2024-10-17 | by ( Pia Singh | In | ) www.cnbc.com time to read: +1 min

Investors are overlooking Crane NXT and its long-term earnings potential, according to Baird. Analyst Michael Halloran initiated coverage of the company with an outperform rating and $77 price target, reflecting a 38.5% upside from Wednesday's close. That's a sharp turnaround for the beaten-down stock, which has shed 2.2% this year. Another factor behind Halloran's bullish investment thesis is Crane's strong customer relationships, which generate high recurring revenue for the company. LSEG data shows that five of the six analysts covering the stock have a buy or strong buy rating.

Persons: Crane, Baird, Michael Halloran, Halloran Organizations: Crane NXT, counterfeits

☆ JPMorgan says buy these power producers on the 'paradigm shift' in electricity demand from AI data centers
▼ + stars: | 2024-10-17 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Independent power producers Vistra , Constellation Energy and Talen Energy are positioned to benefit from a "paradigm shift" in electric demand from artificial intelligence data centers, according JPMorgan. "We see structural tailwinds, including manufacturing onshoring, broader electrification trends (transportation, heating, and more), as well [as] data center development underpinning a paradigm shift in power demand," Tonet and his team told clients in research report. Demand from tech companies for carbon-free power to drive their data centers will transform nuclear power and enable its owners to "command a substantial premium," they wrote. CEG 1Y mountain Constellation Energy shares over the past 12 months. TLN 1Y mountain Talen Energy stock over the past year

Persons: Jeremy Tonet, Tonet, Vistra Organizations: Constellation Energy, Talen, JPMorgan, Lone Star State, VST, Microsoft, Constellation, Amazon Web Services, Susquehanna, Energy Locations: Wednesday's, Texas, Pennsylvania

☆ Piper Sandler says own these expensive stocks and sell these others
▼ + stars: | 2024-10-17 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Earnings momentum can mean the difference between whether to buy stocks that have expensive valuations or not, according to Piper Sandler. That group was named to the "hold" list, while the others were deemed part of the "fold" cohort. CNBC Pro compiled a handful of names from each list exclusively for subscribers: The 'hold' list Nvidia was one of several buzzy names on the list of hold stocks. While it has a price-to-earnings multiple for the next 12 months at 36.615, it has an earnings revision ratio of 0.597. The home improvement retailer has a negative earnings revision ratio of 0.589 on top of a forward price-to-earnings multiple of 26.691.

Persons: Piper Sandler, Michael Kantrowitz, Kantrowitz, LSEG, Berkshire Hathaway, McDonald's Organizations: CNBC, Nvidia, Berkshire, Depot, LSEG Locations: Chicago

☆ Netflix earnings need to justify runup in stock. What analysts see for subscribers, ad tier
▼ + stars: | 2024-10-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Analysts surveyed by LSEG expect Netflix earnings to come in at $5.12 per share, while revenue should hit $9.769 billion. In the second quarter, Netflix earned $4.88 per share on $9.56 billion in revenue. Along with solid numbers for the quarter just ended, other analysts believe Netflix also has to raise prices to appease shareholders. Citigroup's Jason Bazinet says price hikes are warranted at Netflix due to strong engagement trends and competitors' own price increases. A ramping ad-tier Finally, Wall Street is keeping close watch on the advertising tier business Netflix rolled out in November 2022.

Persons: Evercore, Mark Mahaney, Citigroup's Jason Bazinet, Goldman Sachs, Eric Sheridan, Deutsche Bank's Bryan Kraft, Wells, Steven Cahall, Kannan Venkateshwar, NFLX, Alan Gould, Piper, Matt Farrell, Doug Anmuth, Morgan Stanley, Benjamin Swinburne, Alicia Reese Organizations: Netflix, Wall, LSEG, StreetAccount, Deutsche, Barclays, Wednesday's, JPMorgan

☆ Jim Cramer says he would be a buyer of Disney if the stock goes to this key level
▼ + stars: | 2024-10-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Jim Cramer would be a buyer of Walt Disney if the stock were to trend lower. He said that buying on weakness makes sense because the slowdown in Disney's theme parks business, the profit engine at the company, will eventually abate. The challenge, at least in the short term, is dealing with the demand slowdown at Disney theme parks. 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 .

Persons: Jim Cramer, Walt Disney, Piper Sandler, Jim, Disney, what's, Helene, Jim Cramer's Organizations: ESPN, KeyBanc, DIS, Disney, Hulu, Federal Reserve, Wednesday's, CNBC Locations: Florida, California, Milton

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