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☆ An under-the-radar Trump trade that will benefit from pro-crypto stance and deregulation
▼ + stars: | 2024-11-13 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

"But SQ has also come under regulators' scrutiny (FinCen, CFPB) recently around its Cash App and Afterpay businesses. The president-elect has taken a pro-crypto stance during his time on the campaign trail , pledging to ensure that the federal government does not sell off its bitcoin holdings. A more favorable regulatory environment could also spell gains for Visa , which has rallied around 19% this year, according to Bernstein. "While it is unlikely that the DOJ pulls the case, it's possible that President-elect Trump names a more pro-business Head, who might be more amenable to a weaker settlement with Visa." That stock has seen the biggest year-to-date gains of the three, rising around 24%.

Persons: Donald Trump's, Bernstein, Harshita Rawat, Rawat, Trump, Gary Gensler Organizations: U.S . Securities, Exchange, Visa, Department of Justice, DOJ, Trump, Mastercard, Discover Financial

☆ Inflation report shows market could have a 'recipe for disaster' heading into new year, says economist
▼ + stars: | 2024-11-13 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

So far on Wednesday, the stock market was largely ignoring the morning's inflation report because the main CPI reading was as economists expected. But a look deeper into the report spells trouble for a stock market — and president-elect — that are going to want the Federal Reserve to keep cutting rates throughout next year to keep fueling the bull market. However, in recent months, policymakers have focused more on the headline number, saying shelter costs, which have an outsized influence on core CPI, will come down. But core inflation has remained unusually stubborn, suggesting the Fed may have to hold rates higher than investors were previously anticipating. Core CPI showed a third straight monthly increase of 0.3%, bringing the annual rate to 3.3%.

Persons: Chris Rupkey, Jerome Powell, Rupkey, Donald Trump, —, Jeff Cox Organizations: Federal Reserve, Fed, White, Washington , D.C Locations: Washington ,

☆ Watch CNBC's full interview with HSBC's Gerry Keefe
▼ + stars: | 2024-11-13 | 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 EmailWatch CNBC's full interview with HSBC's Gerry KeefeGerry Keefe, HSBC co-head of global banking, joins 'Money Movers' to discuss what to expect from global equity performance following Trump's election victory, what industries tariffs will target first, and much more.

Persons: HSBC's Gerry Keefe Gerry Keefe Organizations: HSBC

☆ Adults are buying more and more kids' toys for themselves in a quest for nostalgia and escape
▼ + stars: | 2024-11-13 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

Adults accounted for 17.3% of US toy sales in 2023, totaling $6.7 billion, per Circana. Research shows that while overall toy sales are in decline in the US, sales driven by nostalgic adults are on the rise. AdvertisementAccording to Circana's data, despite an 8% overall drop in toy sales last year, adult purchases have stayed robust. The group said that US adults spent over $1.5 billion on toys and games in the first quarter of 2024 alone. A Circana report from June on the US toy industry described adults as the "most important age group" for the industry going forward.

Persons: Frédérique Tutt, Tutt, Steve Totzke, Barbie Organizations: Research, BI, Star, Los Angeles Times Locations: Europe, Asia, Japan, South Korea

☆ Here are Wednesday's biggest analyst calls: Apple, Micron, Tesla, Instacart, Spotify, Netflix, Cava, Target and more
▼ + stars: | 2024-11-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Evercore ISI downgrades Caterpillar to in line from outperform The firm said it sees earnings per share risk for Caterpillar. Barclays reiterates Instacart as overweight The firm said it is sticking with its overweight rating following earnings. " Telsey reiterates Target as outperform Telsey says it is sticking with its outperform rating on Target ahead of earnings next week. Jefferies reiterates Netflix as buy The firm said the latest report of monthly active users for Netflix weakens the bear case. " TD Cowen reiterates Cava as buy The firm said Cava had a "flawless" third quarter.

Persons: Oppenheimer, William M, Brown, reallocating, Wells, Morgan Stanley, Telsey, Salesforce, verticals, Jefferies, Piper Sandler, Wedbush, Tesla, Donald Trump, Elon Musk, TD Cowen, Cava Organizations: Caterpillar, CAT, UBS, DTC, Bank United, Bank, Solutions Holdings, C Insurance, Barclays, CART, Starbucks, Bank of America, Netflix, MAUs, Micron, Apple, ISI, Services, Department of Government, White, Trump Locations: 3Q24, FCF

☆ Trade is what clients are calling us most about postelection, says HSBC's Gerry Keefe
▼ + stars: | 2024-11-13 | 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 EmailTrade is what clients are calling us most about postelection, says HSBC's Gerry KeefeGerry Keefe, HSBC co-head of global banking, joins 'Money Movers' to discuss what to expect from global equity performance following Trump's election victory, what industries tariffs will target first, and much more.

Persons: HSBC's Gerry Keefe Gerry Keefe Organizations: HSBC

☆ Goldman sees 20% upside as Philip Morris moves to mostly smoke-free products such as Zyn
▼ + stars: | 2024-11-13 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Philip Morris shares have more room to run as the Marlboro maker continues to shift its focus from cigarettes to smoke-free products, according to Goldman Sachs. Herzog also reiterated her buy rating and called Philip Morris a top pick heading into 2025. Philip Morris announced earlier this year that it would invest $600 million to build a new Zyn production facility in Colorado. PM YTD mountain PM, year to date Herzog also said Philip Morris shares will benefit from the domestic debut of heated tobacco product Iluma. Philip Morris shares have jumped more than 33% in 2024.

Persons: Philip Morris, Goldman Sachs, Bonnie Herzog, Herzog, Philip Locations: Marlboro, Tuesday's, U.S, Colorado

☆ BTIG upgrades this running shoe manufacturer, sees more than 20% upside
▼ + stars: | 2024-11-13 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

On Holding's momentum shows no signs of slowing, according to investment firm BTIG. Analyst Janine Stichter upgraded the running shoemaker to buy from neutral and set her price target at $64, which implies 21.6% upside from Tuesday's close. "Wholesale sell-through remains strong, and our checks at run specialty suggest continued share gains, which we see ultimately flowing back to [direct-to-consumer]." Stichter's call joins 18 other strong buy or buy ratings among analysts on the Street covering the name, while the remaining four have taken a neutral stance, per LSEG. Its average target of $52.93 also reflects marginal upside ahead.

Persons: Janine Stichter, Stichter Organizations: Wall Locations: Swiss

☆ UBS upgrades 3M to buy, says shares can rally more than 40%
▼ + stars: | 2024-11-13 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

3M is poised to see a return to steady growth in the months ahead, according to UBS. The bank raised its rating on the stock to buy from neutral and hiked its price target to $184 from $130, reflecting more than 41% upside. Mehrotra said the company could see 40% earnings growth by 2028 if the CEO is successful in his efforts. Mehrotra is among the 10 analysts on Wall Street who have a strong buy or buy rating on the name, per LSEG. The average price target of $144.74 implies around 11% upside.

Persons: Amit Mehrotra, William Brown, Mehrotra Organizations: UBS, MMM, Wall Locations: repurchases

☆ Every kind of F-35 has now seen combat after a carrier-based stealth fighter struck the Houthis
▼ + stars: | 2024-11-13 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

AdvertisementThe Pentagon said F-35C stealth aircraft took part in strikes against the Houthis last weekend. The aircraft carrier-based variant of the F-35 stealth fighter made its combat debut during recent American military airstrikes against the Iran-backed Houthi rebels, a US defense official confirmed to Business Insider on Wednesday. AdvertisementA US defense official said that mission was the first operational combat flight by the F-35C, meaning all three variants of the aircraft have now seen combat. The F-35 Lightning II is a single-engine, multi-role strike stealth fighter jet made by American defense company Lockheed Martin. Aircraft from USS Abraham Lincoln (CVN 72) support operations against Iran-backed Houthis in the U.S. Central Command area of responsibility.

Persons: Abraham Lincoln, Lockheed Martin, 8Y4yqsAepd, Carl Vinson, Pat Ryder, Seaman Nathaly Cruz, Ryder Organizations: Pentagon, Business, Lockheed, The Air Force, Marine Corps, Navy, Aircraft, U.S . Central Command, Taliban, ISIS, Fighter Attack Squadron, EA, Pentagon Press, Air Force, Marine Fighter Attack Squadron, US Navy, Communication, Monday Locations: Iran, Yemen, American, U.S, Afghanistan, Iraq, Gulf of Aden, Mandab, Syria

☆ Morgan Stanley fund manager picks 3 stocks to buy following Trump's win
▼ + stars: | 2024-11-13 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Aaron Dunn, portfolio manager at Morgan Stanley's U.S. Value Fund , noted the "great deal of volatility" in markets following the election result, as markets reprice "what had been a 50/50 election." Speaking to CNBC's "Squawk Box Asia" on Tuesday, Dunn, who's also co-head of value equity at Morgan Stanley, identified three stocks he is betting on following the election result. It's a diversified play in this, [that] you're getting it for just above the market multiple, with a solid runway of growth," Dunn added. According to FactSet data, of 30 analysts covering the stock, 26 give it a buy or overweight rating. He added that the company should increase its long-term growth rate guidance, given the growth in AI data centers.

Persons: Donald Trump's, Aaron Dunn, Dunn, who's, Morgan Stanley, you've, —, Trump, They're Organizations: Morgan, Value, Biden Administration, Trump, U.S ., MAA, NextEra Energy Locations: Morgan Stanley's, U.S

☆ Pentagon leaker Jack Teixeira sentenced to 15 years in prison for sharing military secrets online
▼ + stars: | 2024-11-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | Mirna Alsharif | ) www.nbcnews.com time to read: +1 min

Former Massachusetts Air National Guard member Jack Teixeira was sentenced Tuesday to 15 years for stealing classified information from the Pentagon and sharing it online, the U.S. Attorney for Massachusetts announced. According to court documents, Teixeira transcribed classified documents that he then shared on Discord, a social media platform mostly used by online gamers. Teixeira entered the Air National Guard in 2019 and held the rank of airman first class. He was based at Otis Air National Guard Base on Cape Cod, where he was assigned as a cyber transport systems journeyman. While the documents were discovered online in March 2023, Teixeira had been sharing them online since January of that year, according to prosecutors.

Persons: Jack Teixeira, Teixeira, Indira Talwani Organizations: Massachusetts Air National Guard, Pentagon, U.S, Attorney, Massachusetts, District of Massachusetts, Facebook, FBI, Air National Guard, Otis Air National Guard Base Locations: U.S, North Dighton , Massachusetts, Ukraine, Cape Cod

☆ U.S. climate envoy says work will continue despite Trump’s return
▼ + stars: | 2024-11-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

The annual U.N. climate summit began on Monday in Baku, Azerbaijan, with many country delegations concerned that Trump’s victory in the U.S. presidential election on Nov. 5 will hinder progress to limit planetary warming. Trump has promised to again remove the United States, the world’s most significant historic greenhouse gas emitter, from international climate cooperation and maximize the country’s already record-high fossil fuel production. “For those of us dedicated to climate action, last week’s outcome in the United States is obviously bitterly disappointing,” Podesta said at the summit. “Let’s dispense with the idea that climate finance is charity,” he said at the Baku stadium. “An ambitious new climate finance goal is entirely in the self-interest of every nation, including the largest and wealthiest.”This year is on track to be the hottest on record.

Persons: John Podesta, Donald Trump, Trump, ” Podesta, ”, Joe Biden’s, Simon Stiell, Rich, “, Marc Vanheukelen, Ilham Aliyev Organizations: Azerbaijan —, U.S, United, Trade, Reuters, Finance, Fund Locations: BAKU, Azerbaijan, Azerbaijan — U.S, Baku, United States, Ukraine, Gaza, ”, Africa, Spain, U.S ., North Carolina, America, Mexico, China, U.S

☆ UK's Starmer sets out new 2035 climate goal
▼ + stars: | 2024-11-12 | by ( ) www.cnbc.com time to read: +1 min

Britain's Prime Minister Keir Starmer speaks at a press conference, during his visit to the European Commission headquarters on October 2, 2024 in Brussels, Belgium. Prime Minister Keir Starmer said Britain would cut greenhouse gas emissions by 81% by 2035 as he committed the country to a more ambitious climate goal at the United Nations COP29 climate summit. The new goal is in line with a recommendation from a committee of climate advisers who said last month the target should exceed the current 78% cut to emissions, measured against 1990 levels. Starmer said the British public would not be burdened because of the new target, which excludes international aviation and shipping emissions. We're not going to start dictating to people what they do," he said.

Persons: Keir Starmer, Starmer, We're Organizations: Britain's, European Commission, United Locations: Brussels, Belgium, Britain, United Nations, Baku, Azerbaijan, British

☆ Stocks making the biggest moves premarket: Shopify, Home Depot, Live Nation Entertainment and more
▼ + stars: | 2024-11-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Live Nation Entertainment — Shares jumped 5% after the live music and entertainment company posted an earnings beat for the third quarter. Twilio — Shares moved 1.7% higher following an upgrade at Wells Fargo to overweight from equal weight. IAC — Shares rose 3% on news that IAC its weighing a spinoff of home improvement marketplace Angi. Shares rose more than 4% last week on the heels of the president-elect's victory. SentinelOne — Shares rose 1.6% after Deutsche Bank upgraded shares to buy from hold, saying the July outage related to CrowdStrike can help add to SentinelOne's momentum.

Persons: Elliott, Twilio, bitcoin, Robinhood, Microstrategy, Okta, — CNBC's Hakyung Kim, Michelle Fox, Lisa Han, Sarah Min, Jesse Pound Organizations: Honeywell —, Elliott Management, Honeywell, Aerospace, Automation, IAC, Trump Media & Technology, Deutsche Bank Locations: Wells

☆ Small-cap stocks set to roar even higher, according to the charts
▼ + stars: | 2024-11-12 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

The small cap Russell 2000 index contains domestic companies that should benefit in a protectionist, on-shoring environment as long as inflation and rates stay contained. The monthly chart of the Russell 2000 shows a pending breakout from all-time highs of 2,459. Put in simpler terms the Russell 2000 small cap index has underperformed the large cap S & P 500 index for the past 13 years. The small cap Industrial ETF just broke from a consolidation around $135 and is still in the earlier stages of the expansion. The forward valuation is 28 times 2025 earnings so not egregious for this high growth small cap industrial name.

Persons: Russell, Elliott, Todd Gordon, Gordon, POWL Organizations: Utilities, MGE Energy, Powell Industries, Edge, Inside Edge, CNBC, NBC UNIVERSAL

☆ Home Depot is on the verge of an earnings rebound after quarterly beat and raise
▼ + stars: | 2024-11-12 | by ( ) www.cnbc.com time to read: +6 min

Home Depot on Tuesday delivered better-than-feared quarterly results and appears to be on the verge of an earnings rebound heading into 2025. Same store sales on a companywide basis were down 1.3%, while U.S. same store sales fell 1.2% versus the year ago period. HD YTD mountain Home Depot Year to Date Bottom line High interest rates and economic uncertainty still weigh on Home Depot. But same store sales — a key metric in the retail space that seeks to adjust sales results for new store opening or closings — while down from a year ago, did show improvement in the U.S and globally. Same store sales are expected to decline by about 2.5%, revised upward from the prior expectation of a 3% to 4% decline.

Persons: Patience, Edward Decker, Jim Cramer's, Jim Cramer, Jim, Sha Organizations: U.S, Home, Home Depot, Federal Reserve, Federal, Depot, CNBC, China News Service, Getty Locations: U.S, Comps, Arlington , Virginia, Sha Hanting

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Meta, Snowflake, Walmart, Wells Fargo, Alphabet & more
▼ + stars: | 2024-11-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: Loop initiates NXP Semiconductor as buy The firm said it's bullish on the semiconductor company. Morgan Stanley reiterates Walmart as overweight Morgan Stanley raised its price target on the stock to $89 per share from $82 ahead of earnings next week. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with the stock heading into a Trump administration. Morgan Stanley upgrades International Flavors to overweight from equal weight Morgan Stanley said in its upgrade of International Flavors that the fragrance and spice company is undervalued. Morgan Stanley upgrades Viking to overweight from equal weight Morgan Stanley said it sees an attractive entry point for the cruise company.

Persons: it's bullish, NXPI, Mizuho, it's, Morgan Stanley, WMT, Tesla, VIK, Redburn, Ross, Robinson, Wells, Bristol Myers, MoffettNathanson, D.A, Davidson, Snowflake Organizations: Semiconductor, NXP Semiconductor, Nvidia, Mizuho, TAM, 4Q, Citi, Deutsche Bank, Deutsche, " Bank of America, & Co, Bank of America, Apple Locations: eCommerce, VIK, OW, Wells Fargo, Bristol

☆ Final Trades: Invesco S&P 500 Equal Weight, Salesforce, Microsoft and Target
▼ + stars: | 2024-11-12 | 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: Invesco S&P 500 Equal Weight, Salesforce, Microsoft and TargetThe Investment Committee share their final trades of the day.

Organizations: Microsoft, Target The Investment

☆ Amgen stock falls as analysts mull over weight loss drug’s bone density data
▼ + stars: | 2024-11-12 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

Shares of Amgen fell more than 7% Tuesday as analysts chewed over bone density loss data from an early-stage trial on its experimental weight loss injection, MariTide. Amgen did not immediately respond to a request for comment on the dataThe drug is a promising potential competitor in the weight loss drug market. "On one hand, patients could naturally lose bone mineral density during weight loss treatment," Brayer wrote. But Brayer said, "on the other hand, this could be a non-starter because there seems to be a dose-dependent increase" in bone mineral density loss. Amgen is also aware of the "hypothetical concern" of bone mineral density loss, Yee said, citing the firm's discussions with management.

Persons: Amgen, Eli Lilly, Cantor Fitzgerald, Olivia Brayer, Eli, Wegovy, Brayer, Jefferies, Michael Yee, Yee, Evan Seigerman, hasn't, Seigerman Organizations: Novo Nordisk, BMO

☆ How the Trump administration will add large benefits to Tesla, justifying postelection run, per Deutsche Bank
▼ + stars: | 2024-11-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Deutsche Bank anticipates more tailwinds ahead for Tesla under the incoming Trump administration. TSLA YTD mountain Shares this year Musk is already making strides in his alliance with Trump. ), we see potential large terminal value benefits to Tesla's efforts in auto, robotaxi, and even humanoid robotics," wrote Yu. Yu views China as the biggest potential uncertainty for Tesla as the Trump administration touts tariffs on goods from the world's second-largest economy. A repeal of the Biden administration's Inflation Reduction Act could also benefit shares of Tesla and give it an edge over legacy automakers General Motors and Ford.

Persons: Trump, Elon's Musk, Donald Trump, bode, Edison Yu, JD Vance, Yu, Tesla Organizations: Deutsche Bank, Tesla, Trump . Deutsche Bank, Trump, White House, Biden, General Motors, Ford Locations: China

☆ More China stimulus expected, but growth will miss target this year: Morningstar
▼ + stars: | 2024-11-12 | 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 EmailMore China stimulus expected, but growth will miss target this year: MorningstarLorraine Tan of Morningstar says China growth will come in between 4% to 5% this year, missing Beijing's target, although she expects more support measures being rolled out in the next few months.

Persons: Morningstar Lorraine Tan, Morningstar Locations: China

☆ Doctor accused of criticizing Russia’s war in Ukraine sentenced to more than 5 years in prison
▼ + stars: | 2024-11-12 | by ( Associated Press | ) edition.cnn.com time to read: +3 min

TALLINN, Estonia Associated Press —A doctor accused of criticizing the war in Ukraine in front of a patient was convicted Tuesday of spreading false information about the Russian military and sentenced to 5 and a half years in prison, part of an unrelenting Kremlin crackdown on dissent. Akinshina alleged that Buyanova told her and her son that his father, a Russian soldier who apparently was killed in Ukraine, was a legitimate target for Kyiv’s troops and had blamed Moscow for the war. A video of the outraged Akinshina complaining about Buyanova was widely publicized, and chief of Russia’s Investigative Committee Alexander Bastrykin personally demanded a criminal case be brought against the doctor. Buyanova, who was born in western Ukraine, denied the accusation, insisting she never said what she was accused of saying. In her closing statement to the court, Buyanova said it was “painful” to read the accusations in the indictment, and broke down.

Persons: Dr, Nadezhda Buyanova, Anastasia Akinshina, Akinshina, Buyanova, Alexander Bastrykin, “, ” Mediazona, Buyanova’s, Oscar Cherdzhyev, ” Organizations: Press, Russia’s, Authorities Locations: TALLINN, Estonia, Ukraine, Russian, Moscow, Russia

☆ Buy Nvidia as AI adoption is still in the early stages, Redburn Atlantic says
▼ + stars: | 2024-11-12 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Nvidia 's still in early growth stages as artificial intelligence capabilities continue to progress, according to Redburn Atlantic. Analyst Timm Schulze-Melander initiated the stock with a buy rating and a price target of $178, which implies upside of 22.5%. Looking ahead, the analyst sees the AI powerhouse boasting 65% EBIT margin expansion and compound annual earnings growth of 38% between 2024 and 2030. The first growth driver is in accelerated computing, which aims to make AI data processing more efficient, Schulze-Melander said. The second factor behind Nvidia's growth case is the market's underestimation of demand for the company's products and services — even as rivals try to curb the chipmaker's dominance.

Persons: Timm Schulze, Melander, Schulze Organizations: Nvidia

☆ Rocket Lab stock pops 25% after company reports strong revenue growth, first Neutron deal
▼ + stars: | 2024-11-12 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Rocket Lab shares jumped in post-market trading after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle. The space infrastructure company reported third-quarter revenue increased to $104.8 million, up 55% from $67.6 million for the same period a year ago. Rocket Lab forecast fourth-quarter revenue between $125 million and $135 million, which at the midpoint would see the company bring in about $430 million this year. Additionally, the company announced its first launch deal for its Neutron rocket. Shares of Rocket Lab jumped as much as 25% in after-hours trading, up from its close at $14.66 a share.

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