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☆ Dividend stocks could see a revival in 2024
▼ + stars: | 2024-01-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Dividend stocks fell out of favor in 2023, even as all three major US indexes overcame regional banking turmoil, high interest rates and geopolitical tensions to notch double-digit returns. As interest rates rose to a 22-year high, investors favored bonds at attractive yields over riskier stocks offering smaller payouts. Some traders believe that dividend stocks could make a comeback this year. Larry Adam, chief investment officer at Raymond James, favors dividend stocks in sectors like tech and healthcare for their growth qualities, over traditionally defensive categories like utilities. His firm only invests in dividend stocks that have that growth component, he says.

Persons: ”, Morgan Stanley, Larry Adam, Raymond James, Adam, Elisabeth Buchwald, John Cochrane, Anna Bahney, Freddie Mac, who’ve, Sam Khater, Freddie Mac’s, Read Organizations: CNN Business, Bell, New York CNN, Mastercard, Companies, Hoover Institute, “ Locations: New York

☆ Good news, bad news. Record dividends paid to investors in 2023, but buybacks plunged
▼ + stars: | 2024-01-04 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

Good news for long-term investors: corporate America paid a record amount in dividends last year, even as the S & P 500 approached a near-record high. A record year for dividends In 2023, companies in the S & P 500 paid out $588 billion in dividends, a new record. S & P 500 dividend yield history (average yield) Since 1936: 3.49% Last 10 years: 1.83% Last 5 years: 1.67% 2023: 1.5% Source: S & P Global Why has the dividend yield been going down? Second, with the exception of 2022, stock prices and particularly the S & P 500 have been on a tear. (% of index members who pay a dividend) S & P 500: 80.1% S & P MidCap: 65.8% S & P SmallCap: 57.8% Source: S & P Global In the S & P 500, 328 companies (65%) increased their dividends (dollar payout) last year.

Persons: Howard Silverblatt, buybacks, Silverblatt, Johnson Organizations: America, P, Global, Coterra Energy, Natural Resources, Diamondback Energy, Companies, Microsoft, ExxonMobil, JPMorgan, Verizon, Johnson, Apple, Federal, & $ Locations: buybacks, Devon, America

☆ This could be the year for dividend stocks. Here are Wall Street's favorites
▼ + stars: | 2024-01-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

This year could be a better one for dividend stocks. This year, the Federal Reserve has said it's likely to cut interest rates three times , which could bode well for dividend stocks . "Moving forward … it's the time to start buying dividend stocks." The insurance company has a 3.1% dividend yield and 16% upside to the average analyst price target. The stock, which has a 3.3% dividend yield, has 26% upside to the average price target.

Persons: bode, Matt Powers, VIG, FactSet, TD Cowen, Matt Elkott, Jimmy Bhullar, — CNBC's Michael Bloom Organizations: Federal Reserve, Powers Advisory, CNBC, Trinity Industries, Trinity, MetLife, JPMorgan, MET, Utilities

☆ Why own Apple stock when there are no near-term catalysts? Here are 3 key reasons
▼ + stars: | 2023-12-31 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

However, the reason Apple is designated an "own it, don't trade" stock is because near-term catalysts are less important than the longer-term trajectory. If 2023 taught us anything it's that the stock market will always surprise you. We think the best approach is to not worry too much about quarterly dynamics, and focus on the longer-term drivers of Apple stock. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Dave You, that's, Siri, it's, you've, Jim Cramer's, Jim, SeongJoon Cho Organizations: Club, Apple, EU, Nvidia, Apple Watch, Services, Apple Care, Jim Cramer's Charitable, CNBC, Apple Inc, Bloomberg, Getty Locations: spurts, India, Hanam, South Korea

☆ A merger between Cigna and Humana that would have created a gigantic $140 billion healthcare conglomerate has been called off
▼ + stars: | 2023-12-10 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Cigna and Humana called off a potentially massive merger. Cigna still believes a merger with Humana has merit, The Wall Street Journal reported. AdvertisementCigna is giving up on its merger with Humana, which would have created a healthcare giant worth $140 billion, according to reports. This revelation caused Cigna stock to drop nearly 10% as investors began to question the wisdom of using the company's stock as currency, according to the outlet. Instead of the merger Cigna is planning an additional $10 billion of stock buybacks, The Wall Street Journal reported.

Persons: Humana, —, Cigna, David Balto Organizations: Humana, Street Journal, Service, Cigna, UnitedHealth Group, Business, Wall Street, Wall Street Journal, Biden, Antitrust, Federal Trade Commission

☆ Why Broadcom is still a solid AI play following a murky quarter
▼ + stars: | 2023-12-08 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Nonfarm, Dow Jones, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Dow, Labor Department, West Texas, Club, Honeywell, Broadcom, Wall, VMware, AVGO

☆ TikTok parent ByteDance offers share buyback valuing the Chinese giant at $268 billion
▼ + stars: | 2023-12-06 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

There is no timeline for the completion of the share repurchases, but ByteDance has asked shareholders if they'd like to sign up to the program, the person said. ByteDance is offering shareholders $160 per share, which values the firm at around $268 billion, the person said. ByteDance, which was founded in 2012, has been tipped to go public for the last few years, but has faced an increasing number of headwinds. ByteDance is also cutting hundreds of jobs from its gaming division, where the company has aggressively expanded without success. The firm has been hit by a slowing Chinese economy and by stricter domestic regulation in the internet sector.

Persons: ByteDance Organizations: CNBC Locations: U.S

☆ Here are Tuesday's biggest analyst calls: Netflix, Apple, IBM, Coinbase, Nike, Domino's, Meta, Charles Schwab and more
▼ + stars: | 2023-12-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Goldman Sachs reiterates Nike as buy After a transfer of analyst coverage, Goldman Sachs said it sees improving growth for Nike shares. UBS downgrades United Rentals to neutral from buy UBS said in its downgrade of the equipment rental company that it sees a more balanced risk/reward. UBS reiterates Apple as neutral UBS said its analysis of Apple's App Store shows revenue increasing. UBS reiterates Netflix as buy UBS said it's standing by its buy rating on Netflix shares after hosting the company at a conference. William Blair reiterates Charles Schwab as outperform William Blair named Schwab a top pick for 2024, noting it's well-positioned.

Persons: Raymond James, Piper Sandler downgrades Albemarle, Piper Sandler, it's, Goldman Sachs, Roth, Roth MKM, TD Cowen, Bernstein, Mizuho downgrades Prologis, Wells, Wells Fargo, Oppenheimer, Domino's, Elliott, Morgan Stanley, Meta, Needham, Coinbase, JPMorgan, Raymond James downgrades Lululemon, LULU, Strong, William Blair, Charles Schwab, Schwab Organizations: Crescent Energy, Energy Company, Eagle Ford, UW, Nike, Bank of America, UBS, Credit Suisse, Yale, HY, United Rentals, Apple, Semiconductors, JPMorgan, IBM, Consulting, Mizuho, Marriott, of America, Netflix, Management, Integra, Financial, ISI, Disney, BR, Cargo Therapeutics, Citi, Travere Therapeutics Locations: Houston, Uinta, Eagle, LTHM, 2024E, 2025E, Argentina, Boston, China, Mexican

☆ Apple's market cap closes above $3 trillion
▼ + stars: | 2023-12-05 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook greets customers purchasing Apple’s new iPhone 15 during a launch event at the Fifth Avenue Apple Store in New York City on Sept. 22, 2023. Apple's market cap closed at about $3 trillion for the first time since August after its shares climbed 2% to $193.42 per share on Tuesday. Apple's value officially crossed the $3 trillion mark for the first time in June, and briefly touched $3 trillion in December 2022 during intraday trading. Apple stock hit its all-time high July 31 and it remains the most valuable publicly traded U.S. company. In Apple's fiscal 2023, which started in October, Apple reported $383.29 billion in total revenue, down about 3% from the prior year.

Persons: Tim Cook, Apple Organizations: Apple, Fifth, U.S, Apple Watch, CNBC PRO Locations: New York City, buybacks, China

☆ Uber shares pop as company is slated to join S&P 500
▼ + stars: | 2023-12-04 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Shares of Uber rose more than 5% on Monday after S&P Dow Jones Indices announced Friday that the ride-hailing company has been selected to join the S&P 500. Analysts at Oppenheimer reiterated their outperform rating on the stock and raised their price target to $75 per share from $65. They said Uber's ticket into the S&P 500 will likely help improve investors' sentiment about returns. Members of the index must have positive earnings in the most recent quarter and over the prior four quarters in total, according to S&P's rules. Uber also has a market cap of about $118 billion, which surpasses the S&P's criteria that companies must have an adjusted market cap of at least $14.5 billion.

Persons: Dara Khosrowshahi, Dow, Oppenheimer, Uber, — CNBC's Michael Bloom Organizations: Economic Cooperation, APEC, Dow Jones, Air Corp, CNBC PRO, &' $ Locations: Asia, San Francisco , California

☆ Uber gets the nod to join the S&P 500. Here's where analysts see the stock going next
▼ + stars: | 2023-12-04 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Analysts say Uber Technologies' forthcoming ticket into the S & P 500 is a positive catalyst for the stock moving forward. UBER YTD mountain Uber stock. Helfstein said in a report that Uber's entry into the S & P 500 could underpin future stock appreciation by bolstering investor sentiment. "Following the inclusion, we expect UBER to lean into growth and share buybacks, which should increase investor sentiment for growth/return in 2024," Helfstein wrote. "We believe that Uber will transition from 'nice to own' by investors to an 'allocation consideration' now that it is included in the S & P 500."

Persons: Dow, Oppenheimer, Jason Helfstein, Helfstein, William Blair, Ralph Schackart, James Cordwell, Cordwell, CNBC's Michael Bloom Organizations: Technologies, Dow Jones, Sealed Air Corp, –

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, GM, Uber, Carvana, Nike, Palo Alto & more
▼ + stars: | 2023-12-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Wells Fargo downgrades Lululemon to equal weight from overweight Wells said in its downgrade of the stock that it sees less balanced risk/reward. Morgan Stanley downgrades Sea Limited to equal weight from overweight Morgan Stanley downgraded the Singapore-based tech conglomerate until its business outlook is clearer. Morgan Stanley upgrades Insulet to overweight from equal weight Morgan Stanley initiated the insulin pump therapy company and said it sees room for further gains. Wells Fargo reiterates Nike as overweight Wells says Nike is a top defensive pick for 2024. Morgan Stanley reiterates Palo Alto as overweight Morgan Stanley said Palo Alto shares have the poten tial to rise further.

Persons: Morgan Stanley, Mizuho, Wells, LULU, Roth, Evercore, Piper Sandler, Piper, NVDA, Goldman Sachs, Goldman, it's bullish, KeyBanc, Worthington Enterprises –, TD Cowen, Coinbase, underperform TD Cowen, Oppenheimer, Uber, Truist, Herc, Palo Organizations: West Bancorp, Bank of America, Union Pacific, US Bancorp, Motors, Mizuho, GM, UAW, UBS, Apple, Deutsche Bank downgrades Anheuser Busch InBev, Deutsche, Deutsche Bank, Airlines, Alaska, " Bank of America, Google, Walmart, Nvidia, AMD, European Partners, Coke, JPMorgan, of America, Magellan, MMP, Arrowhead Pharmaceuticals, Arrowhead Pharma, Worthington Steel, Worthington Industries, Worthington Enterprises, Barclays, Resources, Herc Holdings, United Rentals, Nike, Palo Alto, Palo Locations: China, Singapore, Indonesia

☆ Monday's analyst calls: 30% upside for GM, Carvana upgrade, Anheuser-Busch downgrade
▼ + stars: | 2023-12-04 | by ( Brian Evans | ) www.cnbc.com time to read: +7 min

So far this morning there is a big auto stock upgrade and a big beverage downgrade, among other calls. Morgan Stanley dimmed its view on Citizens Financial , downgrading the stock to equal weight from overweight but maintained its $31 per share price target, implying roughly 9% upside. The firm made the chipmaker its top large cap pick on Monday, and reiterated an overweight rating alongside a $620 per share price target. The analyst raised his price target from $25 to $40, which represents 14% upside. "We continue to see ABI's broadly EM focused sales exposure as attractive combined with the company's market leading market share positions," analyst Mitch Collett said.

Persons: Morgan Stanley, Manan, Brian Evans, Piper Sandler, Piper Sandler's, Harsh Kumar, Kumar, Wells, Ike Boruchow, Boruchow, — Brian Evans, JPMorgan's Rajat Gupta, Carvana, John Melloy, Bud Light, Mitch Collett, Vijay Rakesh, Rakesh Organizations: CNBC, East West Bancorp, Citizens Financial, Citizens, West Bancorp, Nvidia, TAM, Wells, JPMorgan Carvan, JPMorgan, Deutsche Bank downgrades Anheuser, Busch, Deutsche Bank, Anheuser, Busch InBev, Staples, Beverages, Mizuho Securities Mizuho Securities, General, United Auto Workers, GM, Vehicles, UAW Locations: China, Wells, Friday's, North America, N.A

☆ Top Wall Street analysts expect these dividend stocks to enhance total returns
▼ + stars: | 2023-12-03 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Dividend-paying stocks give investors a combination of potential price appreciation and income, which can enhance total returns. Bearing that in mind, here are five attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. (See Sunoco Hedge Funds Trading Activity on TipRanks)VICI PropertiesOur next dividend stock is VICI Properties (VICI), a real estate investment trust. For the third quarter, the company declared a cash dividend of $0.415 per share, reflecting a 6.4% increase. For the third quarter, the company declared a cash dividend of $2.09 per share, payable on Dec. 14.

Persons: Mike Blake, Wall, Elvira Scotto, Scotto, TipRanks, Sunoco, VICI, Simon Yarmak, Yarmak, Christopher Horvers, Horvers Organizations: Reuters, Energy, Crestwood Equity Partners, RBC Capital, MGM, North American, JPMorgan, TipRanks, Walmart Locations: Encinitas , California, U.S, Crestwood, Vegas

☆ Goldman Sachs loves this sub-sector in China — and names 3 stocks to buy
▼ + stars: | 2023-12-01 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

China e-commerce is one of Goldman's top preferred sub-sectors — and there will be six key themes coming up in 2024, the bank said. The themes are: Consumers' focus on value for money — for which e-commerce platforms are well positioned. Goldman said that despite slowing consumption growth in China, e-commerce and e-commerce advertising is still one of its top preferred sectors — thanks in part to global expansion and attractive valuations. Goldman also expects its global e-commerce arm Temu to continue its growth momentum as a result of its global expansion. Goldman expects its third favored name — Kuaishou — to continue outpacing the industry.

Persons: —, Goldman, Pinduoduo, Temu, Kuaishou, — CNBC's Michael Bloom, Evelyn Cheng Locations: China, U.S, Pinduoduo, China's

☆ Why investors should stick with Eli Lilly
▼ + stars: | 2023-12-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. The treatment — which Jim Cramer has said could become the greatest-selling drug of all time — received approval from the U.S. Food and Drug Administration last month, bolstering Eli Lilly shares. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Bond, Jerome Powell, Goldman Sachs, STZ, Eli Lilly, —, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Treasury, Federal, Club, Constellation Brands, Pfizer, U.S . Food, Drug Administration Locations: U.S

☆ Ford takes $1.7 billion profit hit from UAW strike
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +3 min

The automaker now expects adjusted earnings before interest and taxes (EBIT) of $10 billion to $10.5 billion for 2023. In July, it forecast adjusted EBIT of $11 billion to $12 billion. Ford said the new outlook included $1.6 billion in lost profits in the fourth quarter due to interruptions in production of high-margin trucks and SUVs. A month into the strikes, Ford said the company was "at the limit" of what it could spend on higher wages and benefits. The deal UAW leaders finally approved included a pay hike of at least 30% for full-time workers and more than double pay for others.

Persons: David, Dee, Delgado, Ford, Shawn Fain, walkouts, Bill Ford, Tesla, Nathan Gomes, Anil D'Silva Organizations: New York, REUTERS, Ford, GM, UAW, Canadian, Chrysler, EV, Thomson Locations: Manhattan , New York City, U.S, United States, Michigan, Bengaluru

☆ GM lavishes shareholders with cash weeks after saying it couldn’t afford workers’ demands
▼ + stars: | 2023-11-29 | by ( Allison Morrow | Chris Isidore | ) edition.cnn.com time to read: +3 min

GM’s stock jumped nearly 10% on the news. The announcement comes just weeks after GM executives argued the company couldn’t afford to give the union the wage and benefit gains it wanted. The UAW strike dragged on for six weeks and shut down production in key manufacturing plants. New contracts for GM’s unionized workers in the United States and Canada will cost the company an additional $9.3 billion through 2028. Even with Wednesday’s surge in GM’s share price, the stock is trading for less than it did at the start of the strike.

Persons: Mark Reuss, “, ”, Mary Barra, Buybacks, Sen, Elizabeth Warren, Warren, ” Warren, — CNN’s Matt Egan Organizations: New, New York CNN —, Motors, GM, United Auto Workers, nonunion automakers, UAW Locations: New York, salve, United States, Canada

☆ Exclusive: Emirates tells Rolls-Royce: Go back to basics, put products first
▼ + stars: | 2023-11-29 | by ( Tim Hepher | ) www.reuters.com time to read: +5 min

Signs for Emirates airlines are stacked to the side at Logan Airport in Boston, Massachusetts, U.S., January 19, 2022. "If you have an engine ... not performing as it should do, your costs are going to rise. Get your product right, design it to what the client wants, give it that high level of reliability. And yes, paradoxically, you can extract more value for your money for your buck in terms of your investment." He brushed aside the idea of renegotiating existing engine contracts to raise hourly pricing, saying "don't go there".

Persons: Brian Snyder, Tufan Erginbilgic, Tim Clark, Clark, I've, Royce, Erginbilgic, we're, Tim Hepher, Sharon Singleton, Mark Potter Organizations: Emirates, Logan Airport, REUTERS, Rights, Dubai's, Royce, Reuters, Airbus, Boeing, Airlines, Raytheon Technologies, Thomson Locations: Boston , Massachusetts, U.S, Dubai's Emirates, British, Dubai

☆ This is the commentary Cramer wants to hear most when Salesforce reports
▼ + stars: | 2023-11-29 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

Now, with the Club holding set to report earnings, Jim Cramer wants to hear whether its AI endeavors are really on track to boost its financials. "We want to hear that numbers must be raised next year because of the new business that [Salesforce is] getting now" as a result of AI, Jim said Tuesday. It's been a year since OpenAI's ChatGPT went viral and accelerated investment into generative AI applications, which can create human-like text sentences and images in response to user queries. Since then, Salesforce and other software companies have raced to incorporate generative AI capabilities into their existing products or launch new ones all together. Still, the analysts reiterated their buy-equivalent rating on Salesforce stock and a $250-per-share price target.

Persons: Jim Cramer, Marc Benioff, Jim, It's, OpenAI's ChatGPT, Salesforce, Piper Sandler, Jim Cramer's, Stefan Wermuth Organizations: Club, Adobe, Microsoft, LSEG, Oppenheimer, CNBC, Salesforce, Economic, Bloomberg, Getty Locations: Davos, Switzerland

☆ GM outlines $9.3 billion in increased costs from new labor deals
▼ + stars: | 2023-11-29 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

The $9.3 billion in additional costs through 2028 is for deals with the UAW as well as Canadian union Unifor, and translates to about $575 per vehicle over the life of the deals. GM's new guidance reduced expected net income attributable to stockholders for 2023 to a range of $9.1 billion to $9.7 billion, compared to the previous outlook of $9.3 billion to $10.7 billion. That includes an estimated $1.1 billion EBIT-adjusted impact from the UAW strike, which lasted just over six weeks, primarily from lost production. GM had approximately 1.37 billion shares of common stock outstanding prior to the buyback program, the company said. GM will still have another $1.4 billion of capacity remaining under its share repurchase authorization for additional stock buybacks.

Persons: Heather Somerville, Mary Barra, Barra, Cruise, Goldman Sachs, David Shepardson, Ben Klayman, Sharon Singleton, Mark Potter Organizations: General Motors, REUTERS, Detroit, United Auto Workers, UAW, GM, Cruise, Bank of America, Barclays, Citibank, Thomson Locations: San Francisco , California, U.S, California, Detroit

☆ Prosus reports $2 bln in core earnings, sees e-commerce profitability earlier
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsAMSTERDAM, Nov 29 (Reuters) - Prosus NV (PRX.AS), a large technology investor, said on Wednesday its core headline earnings increased 118% in the first half of 2024, citing improved profitability in its stable of e-commerce investments. Core headline earnings for the half year ended on Sept. 30 were $2.0 billion, from $1.1 billion in the same period a year earlier, in line with a Nov. 20 trading statement. Core headlines earnings is a nonstandard measure the company says best reflects its group operating performance. It includes the massive stake Prosus owns in China's Tencent (0700.HK), which the company said has been sold down from 26.2% to 25% to fund a rolling share buyback program. Prosus says share buybacks benefit shareholders because the Tencent stake, now worth $98 billion, is worth about 30% more than Prosus itself.

Persons: Dado Ruvic, Prosus, Tencent, Toby Sterling, Jacqueline Wong Organizations: REUTERS, Rights, Prosus, HK, Thomson

☆ Here are Tuesday's biggest analyst calls: Apple, Rivian, Nvidia, Boeing, Affirm, Datadog, Amazon & more
▼ + stars: | 2023-11-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: UBS downgrades ChargePoint to neutral from buy UBS said it's cautious on the EV charging company's growth outlook. " Citi reiterates Nvidia as buy Citi said it's sticking with its buy rating on shares of Nvidia. " Wells Fargo downgrades Booz Allen Hamilton to equal weight from overweight Wells said investors should wait for a better entry point for the defense contractor. Raymond James upgrades Crocs to strong buy from outperform Raymond James said it sees an attractive entry point for the show company. Wells Fargo reiterates Amazon as overweight Wells said international trends for Amazon remain healthy.

Persons: UBS downgrades ChargePoint, it's, Wells, Booz Allen Hamilton, Bernstein, Raymond James, Crocs, CROX's, Estee Lauder, Jefferies, underperform Jefferies, Evercore, Rivian, Piper Sandler downgrades Shopify, Piper, Piper Sandler, Canaccord, TD Cowen, Datadog, TD, Truist, it's bullish, Ingersoll Rand Organizations: UBS downgrades, UBS, JPMorgan, Apple, Citi, Nvidia, HSBC, RBC, Boeing, Lexeo Therapeutics, Bank of America, Virtu, Logistics, Industry Locations: U.S, DDOG, India, Ingersoll

☆ Fund manager reveals one global energy stock to buy right now
▼ + stars: | 2023-11-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Total Energies is one energy stock investors should own right now, according to Brian Arcese, portfolio manager at investment firm Foord Asset Management. Total shares are trading at a significant discount compared to shares of Exxon Mobil, Chevron Shell, and BP on a forward price-to-earnings ratio basis at 6.8x, according to FactSet data. While Total is not among the 10 largest investments in Arcese's fund, Foord Asset Management is an investor in the stock. Arcese told CNBC Pro Talks that around 15-20% of Foord's equity portfolio is allocated to commodity and energy stocks. Scotiabank analysts have a hold-equivalent rating on the U.S.-listed stock with a price target of $68, where the stock is currently trading.

Persons: Brian Arcese, Arcese, it's, We've, Morgan Stanley, Paul Cheng, TotalEnergies Organizations: Foord Asset Management, Fund, Exxon Mobil, Chevron Shell, BP, New, Foord, Management, CNBC, Singapore . Commodities, Equity, UBS, Scotiabank, RBC Capital Markets, RBC Locations: New York, Paris, Singapore, U.S, Foord

☆ Julius Baer’s damage control only goes so far
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

The logo of Swiss private bank Julius Baer is seen at their headquarters in Zurich, Switzerland February 2, 2022. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsMILAN, Nov 27 (Reuters Breakingviews) - Julius Baer (BAER.S) has soothed agitated investors’ fears – but only up to a point. The $11 billion Swiss wealth manager said on Monday that 70 million Swiss francs of recently revealed losses stemmed from 606 million Swiss francs of loans to a single corporate client – which Reuters identified as troubled property group Signa. That’s 40% of the bank’s 1.5 billion Swiss francs riskiest credits, an uncomfortably high concentration. That implies a buffer of 450 million Swiss francs over the 14% threshold at which boss Philipp Rickenbacher gets comfortable doing share buybacks.

Persons: Julius Baer, Arnd, ’, –, Philipp Rickenbacher, Julius Baer’s, Lisa Jucca, Warren Buffett, George Hay, Streisand Neto Organizations: REUTERS, Reuters, X, Thomson Locations: Zurich, Switzerland, China

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