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☆ Stifel says this under-the-radar biotech stock can still rally more than 50% from here
▼ + stars: | 2023-11-02 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

It's not too late for investors to ride along with MoonLake Immunotherapeutics despite the Swiss biotech having more than quadrupled in price this year, according to Stifel. Shares of MoonLake have soared 354% in 2023, but Stifel believes more gains lay ahead. MLTX YTD mountain MLTX YTD chart Analyst Alex Thompson believes MoonLake's sonelokimab drug, which targets diseases in dermatology and rheumatology, could eventually achieve $4.2 billion in U.S. revenue. The next trial readout for the drug is in psoriatic arthritis, with data expected in early November. "We view recent acquisitions in the TYK2 and TL1A space ($4-11B) as supportive of Strategics' interest/willingness to pay premiums in these markets," Stifel noted.

Persons: It's, MoonLake Immunotherapeutics, Stifel, Alex Thompson, we've, Thompson, MoonLake, — CNBC's Michael Bloom

☆ Stifel says the S&P 500 will keep climbing 'wall of worry' to hit 4,400, gives 10 stocks to play rally
▼ + stars: | 2023-11-02 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The S & P 500 can rise to 4,400 by the end of the year as near-term recession talk proves unfruitful, according to Stifel. "We see no imminent U.S. recession as the S & P 500 climbs the proverbial Wall of Worry," Bannister wrote to clients in a note. .SPX YTD mountain The S & P 500 this year The average market strategist expects the S & P 500 to finish 2023 at 4,358, according to a CNBC Pro survey. That's because there's too much fear in the market, with the S & P 500 at one point moving into correction territory. Avoiding a recessionary-level slowdown for the ISM PMI would imply upside for the S & P 500 over the next six months, he said.

Persons: Barry Bannister, Bannister, outperformance, —, Michael Bloom Organizations: CNBC, ISM, PMI, Federal Reserve Locations: Wednesday's

☆ Here's what analysts at major Wall Street firms expect from Apple's upcoming earnings report
▼ + stars: | 2023-11-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

The September quarter results will only encompass approximately a week of the iPhone 15 sales. AAPL YTD mountain Apple stock in 2023 The company will post its September quarter results Thursday after the bell. Take a look at what analysts are forecasting ahead of the company's announcement: Deutsche Bank trims price target Deutsche Bank reduced its price target on shares to $200 from $210. Morgan Stanley sees better-than-expected quarter results Morgan Stanley has an overweight rating and $210 price target on Apple. The company is leaning cautious on December quarter results due to iPhone supply shortages and consumer spending concerns.

Persons: Apple, Goldman Sachs, Michael Ng, Ng, We're, Morgan Stanley, Michael Bloom Organizations: Apple, Apple Watch, Deutsche Bank, JPMorgan, UBS Locations: China, U.S, Wednesday's

☆ Small cap stocks are getting crushed, but this ETF is bucking the trend
▼ + stars: | 2023-11-02 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Small cap stocks have been left in the dust by this year's megacap tech rally, but at least one ETF of smaller companies is holding its own. Bank of America ETF strategist Jared Woodard said in a note to clients Tuesday that there is one small cap ETF in particular that "cuts out the junk" and is outperforming its benchmark. The Pacer US Small Cap Cash Cows 100 ETF (CALF) owns companies with high free cash flow, a key measure of quality," Woodard said. The CALF ETF works by identifying the 100 stocks in the S & P Small Cap 600 index with the highest free cash flow yield. CALF YTD mountain The CALF ETF has outperformed larger small cap funds this year.

Persons: Jared Woodard, Woodard, Russell, — CNBC's Michael Bloom Organizations: Bank of America, American Eagle Outfitters, Wire, Vanguard, Nvidia

☆ These are JPMorgan’s favorite stock picks heading into November
▼ + stars: | 2023-11-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

JPMorgan Chase parted with four stocks in its list of favorite picks heading into November, including an upscale athletic retailer. The bank made a single addition for November on its Analyst Focus List, highlighting food service stock Aramark . The bank also removed mortgage company NMI Holdings from the focus list, as well as oncology firm Revolution Medicines . Other stocks on the focus list include Capital One , included as a value stock, with a $111 per share price target. AMZN YTD mountain Amazon stock.

Persons: JPMorgan Chase, Andrew Steinman, Richard Shane, NMI, Eric Joseph, Doug Anmuth's, Mark Murphy, — CNBC's Michael Bloom Organizations: JPMorgan, NMI Holdings, Medicines, Amazon, Microsoft

☆ The advertising environment is getting tougher to navigate. How these investors are trading it
▼ + stars: | 2023-11-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

A strong advertising market may be starting to feel the pressure from geopolitical risks erupting aboard and a higher-for-longer interest rate environment. But comments from some major technology players last week led to increasing questions that some investors have struggled to shake off. META 5D mountain Meta shares in recent trading sessions That concern added to declines in other ad-focused technology names, with Alphabet dropping nearly 10%. Instead, Tengler favors companies such as Amazon and Microsoft , which offer some, but less concentrated, exposure to advertising. Technology investor Paul Meeks is also shying away from the most popular advertising players — and big technology as a whole — until he sees a better setup for interest rates.

Persons: Susan Li, Gene Munster, Laffer, Nancy Tengler, Paul Meeks, Meeks, Roth, Rohit Kulkarni, Kulkarni, Michael Bloom Organizations: Apple, Meta, YouTube, Federal, Investments, Microsoft, Technology Locations: Israel, Munster, Ukraine

☆ How to play a possible global electric vehicle meltdown, according to Deutsche Bank
▼ + stars: | 2023-10-31 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Concerns of a global electric vehicle market meltdown are starting to take hold, raising concern over the prospects of certain companies in the space, according to Deutsche Bank. U.S. playbook Deutsche Bank analysts have "limited interest in legacy OEMs, even on pullback and post-strike." The bank also gave its picks for U.S. electric vehicle suppliers, favoring agnostic powertrain suppliers with growth and content, mostly independent electric vehicle and internal combustion engine volumes. Automotive supplier BorgWarner could also benefit from the current electric vehicle environment due to its primary exposure in the Chinese market, he added. A "slower electric vehicle adoption curve" could also help the company's margins, the analyst added.

Persons: Tim Rokossa, Rokossa, Tesla, Didi, XPeng, — CNBC's Michael Bloom Organizations: Deutsche Bank, Motors, Ford Motor, GM, Honda, Ford, playbook Deutsche Bank, U.S, BorgWarner, BMW, EVs, VW Locations: U.S, Europe, China

☆ Wall Street has a new favorite AI pick
▼ + stars: | 2023-10-31 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Analysts on Wall Street think Arista Networks is the next premier artificial intelligence play. On Monday, the company reported a blowout third quarter that surpassed Wall Street expectations on both the top and bottom lines. Moving forward, analysts think the company can be the top player in the Ethernet application of AI. "While there remains risk heading into the 800G cycle, we continue to think Arista is well positioned." The analyst reiterated Arista as a top AI pick into 2024.

Persons: Morgan Stanley, Wells Fargo, Morgan Stanley's Meta Marshall, Marshall, Atif Malik, Malik, capex, Michael Bloom Organizations: Arista Networks, Arista, FactSet, Barclays, Citi Locations: Infiniband

☆ Morgan Stanley auto analyst Jonas says investors are ‘waking up’ to idea that Ford, GM are not a way to play EV boom
▼ + stars: | 2023-10-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

For years, investors have poured money into legacy automakers as a cheaper derivative play to Tesla and other high-flying electric vehicle stocks. But that may be the wrong strategy for those looking to participate in the highly anticipated EV boom, according to Morgan Stanley's Adam Jonas. "What investors seem to be waking up to today is the idea that the tens of billions of $ invested in EVs may be value destructive rather than value accretive." Month to date, GM has dropped about 15%, while Ford lost 21%. This, coupled with rising interest rates that threaten demand and average transaction prices, is enough to keep investors on edge, Jonas said.

Persons: Morgan Stanley's Adam Jonas, Ford, Jonas, Michael Bloom Organizations: Ford, General Motors, GM

☆ Forget the megacaps. Bernstein likes these global stocks from an 'unloved' corner of tech
▼ + stars: | 2023-10-31 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

"Going forward, we still find valuation/earnings support for value tech stocks over growth or expensive tech names," the analysts wrote. "We would recommend avoiding expensive tech names as well as tech stocks that are unprofitable and expected to remain unprofitable." These are some names in its screen of value Asia tech stocks: MediaTek , JD.com , Lenovo Group , Foxconn Technology and Samsung SDS. And these are some of those that showed up on its screen of high-growth Asia tech stocks: Naver , SK Hynix , AAC Technologies , Luxshare and Kakao Games. On the whole, Bernstein is relatively positive on the Asia tech sector.

Persons: they're, Bernstein, we've, — CNBC's Michael Bloom Organizations: Stock, Lenovo Group, Foxconn Technology, Samsung SDS, SK Hynix, AAC Technologies, Kakao Locations: Asia, China, U.S

☆ These stocks have earnings momentum heading into their reports this week
▼ + stars: | 2023-10-30 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Another chunk of companies are set to report this week, and analysts think earnings are on their side. CNBC Pro screened for the S & P 500 companies reporting this week that analysts are most excited about, leading them to lift their earnings estimates. Earnings per share estimates are also up 18.1% and 29.6% in the past three and six months, respectively. First Solar has the highest changes in analysts' earnings per share estimates, up 90% and 115.1% in the past three and six months, respectively. Shares have slid about 9% this year, with losses accelerating this month after peer solar company SolarEdge cut its third-quarter guidance on slowing demand in Europe.

Persons: Azar —, Tinder, Entergy, Ingersoll Rand, — CNBC's Michael Bloom Organizations: CNBC Pro, Bank of America, JPMorgan, Energy, Marathon Petroleum, Micro Devices Locations: Europe

☆ Microsoft could be having its 'iPhone moment' this week that sends the stock soaring over time, says Piper Sandler
▼ + stars: | 2023-10-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Microsoft may be on the brink of a watershed moment equivalent to Apple 's 2007 iPhone launch, according to Piper Sandler. MSFT YTD mountain Microsoft shares since the start of 2023 The comments from Bracelin come as the software giant readies to launch its Copilot artificial intelligence subscription service offering Wednesday. The tool, first announced in July, adds AI capabilities to Office product for an additional $30 a month. While AI investments only garnered half a billion in revenue last quarter, Microsoft's broad AI ambitions could add $10 billion in revenue to by 2025 and $100 billion longer term, according to Bracelin's projections. This "first-mover AI advantage," coupled with expectations for a reacceleration in double-digit top-line growth, support the current premium for shares.

Persons: Piper Sandler, Brent Bracelin, Bracelin, — CNBC's Michael Bloom Organizations: Microsoft, Apple, MSFT Locations: That's

☆ Oppenheimer slashes forecast for S&P 500, but still sees stocks rising from here
▼ + stars: | 2023-10-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

John Stoltzfus, the firm's chief investment strategist, said in a note to clients Monday that he was cutting his year-end 2023 target for the S & P 500 to 4,400 from 4,900. .SPX YTD mountain The S & P 500 has fallen from its late summer highs. Oppenheimer's new target is still above the average of 4,358 in the CNBC Market Strategist Survey . The change comes after the S & P 500 entered a correction — a decline of 10% of more — last week. The S & P 500 remains 7% higher for the year.

Persons: Oppenheimer, John Stoltzfus, Stoltzfus, — CNBC's Michael Bloom Organizations: CNBC Market, Survey Locations: U.S, East, Europe, Asia

☆ Shares of ON Semiconductor fall 21% as fourth-quarter guidance disappoints Wall Street
▼ + stars: | 2023-10-30 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Shares of ON Semiconductor closed down more than 21% Monday after the company's third-quarter report beat expectations but offered weak guidance for the rest of the year. ON Semiconductor said it expects to report fourth-quarter earnings between $1.13 and $1.27 per share, excluding certain items, which is short of the $1.36 analysts had anticipated. Similarly, the company said revenue will come in between $1.95 billion and $2.05 billion, while Wall Street was expecting $2.18 billion. Analysts at Deutsche Bank said ON Semiconductor's guidance suggests the company has "finally succumbed to macro pressures" such as softening demand for cars. Craig-Hallum analysts said they believe weakening demand for electric vehicles will adversely affect ON Semiconductor in the near term.

Persons: Michael Bloom Organizations: ON Semiconductor, Deutsche Bank, Semiconductor, UAW, Wolfe Research, CNBC

☆ This biotech developing a cholesterol drug has a chance to triple, RBC predicts
▼ + stars: | 2023-10-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

NewAmsterdam Pharma 's latest drug treatment could lead investors to a windfall, according to RBC Capital Markets. Timashev believes obicetrapib, a cholesterol-lowering treatment, "can succeed where others have failed" due to the drug's specific and idiosyncratic properties. Additionally, the drug has a history of success, consistently demonstrating a 40% to 50% LDL reduction in patients. The analyst added that while current use cases for the drug involve lowering cardiovascular events, there's also potential upside for other applications. Specifically, there's a relationship between higher cholesterol levels and Alzheimer's disease, which could be an avenue for NewAmsterdam to explore for future treatment opportunities.

Persons: Leonid Timashev, Timashev, obicetrapib, there's, — CNBC's Michael Bloom Organizations: NewAmsterdam Pharma, RBC Capital Markets

☆ Investors should be careful: Wall Street is too eager to buy the dip in bonds, says Strategas
▼ + stars: | 2023-10-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Investors lured by high yields could be making a mistake if they are buying bonds these days, according to Strategas. Meanwhile, investment grade bonds are yielding even more, with the ICE BofA U.S. Corporate Index 's effective yield sitting at 6.3%. Bond yields move inversely to prices, so when prices fall, yields move higher, and vice versa. Strategas is of the mindset that until the market suggests otherwise, the trend in yields is up. In fact, not many investors made real money playing against the trend in the four decades when yields were falling, Verrone pointed out.

Persons: Chris Verrone, Verrone, — CNBC's Michael Bloom Organizations: Federal Reserve, Treasury, ICE Locations: Strategas

☆ Chinese consumer stocks that analysts like for their global potential
▼ + stars: | 2023-10-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

"We expect Miniso to report another strong quarter in 1QFY24," Jefferies analysts wrote in an Oct. 24 report. Xiaomi shares are up more than 20% so far this year despite a more than 10% slump in the broader Hong Kong stock market. "We believe good shipment momentum and resilient margins could support a strong 3Q23," the Morgan Stanley report said. The analysts have an overweight rating on Xiaomi shares with a 15 Hong Kong dollar price target — up 11% from Friday's close. Shares of Transsion, not covered in the Morgan Stanley report, are up nearly 70% so far this year.

Persons: Miniso, Jefferies, Xiaomi, Morgan Stanley, Canalys, Morgan, Andre Chang, Chang, —, JD.com —, — CNBC's Michael Bloom Organizations: Hong Kong Locations: 1QFY24, China, New York, Hong Kong, Canalys, Friday's, Shanghai, Shenzhen, Africa, India, Morgan China

☆ Earnings playbook: Your guide to trading another busy week of reports, including Apple and Pfizer
▼ + stars: | 2023-10-29 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

About 30% of the S & P 500 is set to report earnings this week, bringing the reporting past the halfway mark. Monday McDonald's is set to report earnings before the bell, followed by a call with management at 8:30 a.m. What CNBC is watching: Pfizer is coming into this latest earnings report limping. What history shows: Starbucks only beats earnings expectations 55% of the time, according to Bespoke, but the stock averages a 0.5% gain on earnings days. What history shows: Apple shares tend to do well on earnings days, averaging a 1.3% advance, according to Bespoke.

Persons: It's, Oppenheimer, Brian Bittner, PFE, Kif Leswing, Cowen, Andrew Charles, bode, Tim Cook, — CNBC's Michael Bloom Organizations: Apple, Pfizer, Meta, CNBC, Investment, AMD, Nvidia, Starbucks, Corporate Locations: U.S, Covid, China

☆ Here are the most oversold stocks due for a bounce following the market's tough week
▼ + stars: | 2023-10-27 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The Nasdaq and the S & P 500 are each on pace for declines of about 2.5%. Some stocks hit by this week's losses have become oversold — and could be due for a bounce. Align Technology , another company that has taken a heavy beating to its stock price this week, could also be due for a comeback, based on analysts' price targets. The company's third-quarter results fell short of analysts' expectations , and a slate of analysts cut their price targets following the release. Analysts covering the stock forecast a 4.6% upside for the company's stock price, and less than 30% rate it a buy.

Persons: bode, Kevin Caliendo, Tesla, Henry Schein, Lockheed Martin, RTX, Greg Hayes, — CNBC's Michael Bloom Organizations: Tesla, Moderna, Nasdaq, Dow Jones, CNBC, Technology, UBS, Southwest Airlines, Aerospace, Lockheed, Dollar, Dwight, Marathon Oil, Allstate Locations: Covid, Ukraine, Israel

☆ 'An iPhone moment': Bernstein names global stocks to play the 'rapid growth' in battery tech
▼ + stars: | 2023-10-27 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

They said that over 200TWh of batteries will be required for the energy transition both in electric vehicles and energy storage. That breakthrough could arrive by 2027 with the commercialization of SSB batteries, Bernstein said. The firm added that they are set to have higher energy density, fast-charging capabilities and be "much safer" than liquid batteries. Batteries with higher energy density are required to reduce battery costs and increase the range of electric vehicles, Bernstein said. The asset management firm said established battery makers are likely to be the winners.

Persons: Bernstein, Neil Beveridge, CATL, — CNBC's Michael Bloom Organizations: South, LG Chem, Samsung SDI, CATL, Korean Locations: Korean

☆ JPMorgan on clean tech stocks: It's going to get worse before it gets better
▼ + stars: | 2023-10-27 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

There could be more pain ahead for clean technology stocks — but there may be a buying opportunity for long-term investors, according to JPMorgan. Analyst Bill Peterson said clean technology stocks have seen sentiment become even more challenged following the second-quarter earnings cycle, as investors struggle to digest sliding demand trends, inflation and project delays. Clean technology stocks have fallen about 22% since 2023 began by JPMorgan's calculations, while the technology-heavy Nasdaq Composite has climbed around 21%. "Despite several positive catalysts on the horizon, we think the Clean Tech universe will likely see sentiment worsen before it gets better," Peterson told clients on Friday. However, the average analyst polled by LSEG has a buy rating with an expected upside of nearly 320%.

Persons: Bill Peterson, Peterson, LSEG, — CNBC's Michael Bloom Organizations: JPMorgan, Nasdaq

☆ Worried about a slowdown? One asset management firm shares a way to hedge — and names 10 global stocks
▼ + stars: | 2023-10-27 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

They define that form of value as "combined yield, a blend of dividend yield, free cashflow yield and net buyback yield." "Combined yield has been the best performing of the long-short European factors that we track, year-to-date," the analysts said. Stock screen AllianceBernstein performed a screen of "High Combined Yield Stocks" in Europe for the final quarter of the year. Equinor is listed on both the Oslo Stock Exchange and Nasdaq, while BP is traded on the London Stock Exchange and Frankfurt Stock Exchange. BP is also traded on the New York Stock Exchange in the form of American depositary shares.

Persons: it's, AllianceBernstein, France's, Norway's, — CNBC's Michael Bloom Organizations: Tesco, BP, Oslo Stock Exchange, Nasdaq, London Stock Exchange, Frankfurt Stock Exchange, New York Stock Exchange, Systems, Deutsche Post Locations: Europe, Belgian, British, Swiss

☆ Amazon shares jump as analysts praise third-quarter results
▼ + stars: | 2023-10-27 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Shares of Amazon jumped more than 6% Friday after the company released third-quarter earnings that beat analysts' estimates and showed the company's cost-cutting efforts are working. The company's net income more than tripled to $9.9 billion, or 94 cents a share, from $2.9 billion, or 28 cents a share, a year earlier. Amazon reported an operating margin of 7.8%, the highest since it reached a record of 8.2% in the first quarter of 2021. The company's operating margin for the third quarter marks a significant increase over the 2% margin it reported a year ago. Blair analysts said Amazon "handily" beat expectations for the quarter and saw real improvement in operating income growth.

Persons: Andy Jassy, Jassy, Blair, Amazon, Goldman Sachs, — CNBC's Michael Bloom, Annie Palmer Organizations: Amazon, Wall Street, Jefferies, AWS, CNBC

☆ The next AI winners may be these old economy companies embracing the revolution
▼ + stars: | 2023-10-26 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Investors looking for artificial intelligence beneficiaries outside the megacap tech companies can search in a less buzzy part of markets — old economy stocks. "And that's our investing theme: Old economy companies that are embracing the digital revolution and the suppliers of the digital, you know, generative AI, cloud and cybersecurity tools," Tengler added. While megacap tech stocks have outperformed this year, helped by a surge of AI enthusiasm, the broader market has been left behind. But searching for more traditional companies embracing digitization could help investors identify less apparent beneficiaries of the AI boom, she said. "What we really like are the companies that are embracing digitization in their business, and improving margins," said Tengler, who holds oversized positions in the consumer discretionary, industrials and technology sectors of the market.

Persons: Nancy Tengler, Tengler, Ken Newman, Emerson, Newman, Oppenheimer, — CNBC's Michael Bloom Organizations: Nvidia, Emerson Electric, CNBC, Evoqua, Technologies, Carrier Global, Walmart, Starbucks

☆ Why some Wall Street analysts say to consider buying the post-earnings dip in Meta Platforms
▼ + stars: | 2023-10-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Wall Street analysts are standing by Meta Platforms despite the post-earnings sell-off, with some recommending using the pullback to scoop up the stock. "Let's be clear, there's still a lot to get excited about," said Bernstein analyst Mark Shmulik. META 1D mountain Meta shares slump post-earnings Shares were last down about 4%. "We believe Meta continues to execute well & remains disciplined, and we would be buying the pullback in Meta shares," said JPMorgan's Doug Anmuth. "While all advertising may be impacted by geopolitical activity, advertising allocation remains a relative game and we believe META's differentiation gap is widening vs most peers," he said.

Persons: Bernstein, Mark Shmulik, Meta, Doug Anmuth, Ronald Josey, Evercore, Mark Mahaney, Ross Sandler, Morgan Stanley's Brian Nowak, — CNBC's Michael Bloom Organizations: Meta, Facebook, Wall Street, Tech, Barclays

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