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☆ Some low-performing bankers are getting $0 bonuses this year
▼ + stars: | 2024-02-09 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +2 min

Barclays plans to cut bonuses for underperforming investment bankers amid a capital markets slump. The plan could lead to more departures after pay cuts and restructuring shook the bank. Barclays' stock has lagged behind rivals, which some say is due to its bloated investment banking arm. Those departures were spurred by a shake-up in Barclays' investment banking arm, which included pay cuts as high as 40% for some managing directors. A similar crisis occurred in 2019 after the head of the investment banking unit stepped down unexpectedly.

Persons: —, Paul Compton, Goldman Sachs, J.P, Morgan Chase Organizations: Barclays, Service, Bloomberg, Business, Wall Street Journal, Tesco

☆ L'Oreal shares down 7% on lower-than-expected sales, slowdown in Asia
▼ + stars: | 2024-02-09 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

LONDON — L'Oreal shares fell more than 7.3% in early deals Friday, before slightly paring losses, as the company reported lower-than-expected sales and pointed to a slowdown in demand in Asia. The world's largest beauty brand on Thursday reported fourth-quarter sales below estimates, rising 2.8% to 10.6 billion euros. Barclays analysts had anticipated a figure near 10.9 billion euros, according to Reuters. The company also logged a 7.6% increase in 2023 full-year sales to 41.18 billion euros ($44.37 billion). The quarterly shortfall was led by activity in North Asia, including China, where sales fell 6.2% over the three-month period.

Organizations: LONDON, L'Oreal, Barclays, Reuters Locations: Asia, London, North Asia, China, Europe, North America

☆ Your next landlord may be a pro sports team
▼ + stars: | 2024-02-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

But team owners in recent years have turned to real estate development to bring in extra cash and drive up the asset values of their franchises. “It makes perfect sense for a team owner to play real estate,” said Propheter. “That means that team owners do have a lot of leverage,” he said. “Stadium subsidies transfer wealth from the general tax base to billionaire team owners, millionaire players, and the wealthy cohort of fans” who regularly attend games. “Generally speaking, the people who come off well are the team owners and the developers,” Zimbalist said.

Persons: ”, Geoffrey Propheter, Daniel Slim, “, Andrew Zimbalist, Louis, Harry Cabluck, Bruce Ratner, Stan Kroenke, Matthew Grimes Jr, Steve Cohen, Mark Cuban’s, Adelson, “ I’m, ” Zimbalist Organizations: New, New York CNN, Professional, Billionaire, University of Colorado Denver, Sofi, Getty, Washington Wizards, Capitals, Sweet, Smith College, Riverfront, Busch, Baltimore Orioles, Camden, Barclays Center, Nets, Los Angeles Rams, “ Battery, Atlanta Braves, Golden State Warriors ’ Chase Center, Texas Rangers, Globe, Arlington, New York Mets, Hard, Citi Field . Dallas Mavericks, Vegas Sands Corp, Management Locations: New York, North America, Inglewood , California, AFP, Washington, Alexandria , Virginia, Cincinnati, St, Pittsburgh, Brooklyn, New Jersey, ”, “ Battery Atlanta ”, Truist, Atlanta, San Francisco, “, City, Arlington , Texas, ” Cuban

☆ Hang a picture of Jason Kelce shirtless in the Louvre? ArtButMakeItSports thinks so
▼ + stars: | 2024-02-08 | by ( Callum Sutherland | ) edition.cnn.com time to read: +6 min

Social media account ArtButMakeItSports connects the dots. He says: “I tend to see things through a sports lens, and I guess art is no different for me. Rebecca Blackwell/APSamson and Delilah, by Anthony van Dyck, 1628-30, 📸 by Rebecca Blackwell pic.twitter.com/jNJ6HNjNn5 — ArtButMakeItSports (@ArtButSports) December 24, 2023Are sport and art all that different? Since starting ArtButMakeItSports, Rader says the audience has been small for the most part. After all, wouldn’t we all love to see a roaring Jason Kelce matched with a renaissance painting on our social media feeds again?

Persons: –, ArtButMakeItSports, LJ Rader, Phillips de Koninck, haring, ake, eason, hy, ruth, ”, ike Organizations: CNN, ust

☆ Here are Thursday's biggest analyst calls: Nvidia, Disney, Tesla, Apple, Walmart, Roblox, American Express & more
▼ + stars: | 2024-02-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Thursday: Jefferies reiterates Walmart as buy Jefferies sees a $20 billion AI and automation opportunity for Walmart. Goldman Sachs upgrades Roblox to neutral from sell Goldman upgraded the stock following its earnings report and sees "margin momentum." Needham upgrades Disney to buy from hold Needham upgraded the theme park operator after its earnings report, seeing "strong" earnings per share growth. Morgan Stanley downgrades American Express to equal weight from overweight Morgan Stanley downgraded the credit card stock mainly citing valuation. Wells Fargo reiterates Disney as overweight Wells says it's standing by its overweight rating on the stock following earnings on Wednesday. "

Persons: Jefferies, Morgan Stanley downgrades Hertz, Morgan Stanley, Goldman Sachs, Goldman, Needham, Ally, it's, Wells, Macquarie, BABA, Oppenheimer, Davidson, NYCB, Guggenheim, TD Cowen, Wedbush, Wolfe, Baird, Tesla Organizations: Walmart, Discover, DFS, Barclays, PNM Resources, New, Express, DIS, Six, York Community Bancorp, Guggenheim, UBS downgrades Air Products, UBS, Products, Deutsche Bank, AstraZeneca, Deutsche, Apple, Nvidia Locations: New Mexico, Texas, OW, North America, China, GPRO

☆ Analyst explains why Alibaba's recent results 'don't matter that much'
▼ + stars: | 2024-02-08 | 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 EmailAnalyst explains why Alibaba's recent results 'don't matter that much'Jiong Shao, analyst at Barclays, discusses the "three things" that have moved the stock, two of which are negative.

Persons: Shao Organizations: Barclays

☆ India is the new Asia growth story. Here’s why investors are bullish on the outlook
▼ + stars: | 2024-02-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

As China's property market and deflation woes continue to rattle investors, India's growth outlook appears all the more impressive. Last year's annual report attributed strong revenue growth partially to expansion in the Middle East, India, and Asia, Krishna wrote. "More than revenue, India is an important area for sourcing talent" as well, Krishna wrote. Growth potential For investors looking to gain exposure to the domestic stock market, Indian equities themselves aren't especially cheap though. "You're paying for the growth potential in India, certainly.

Persons: Morgan Stanley, Chetan Ahya, Ahya, Bernstein, —, Narendra Modi, Bill Fitzpatrick, Fitzpatrick, Quincy Krosby, Venu Krishna, Aecom, Krishna, Tim Long, Long, Simon Coles, Krosby, Jeffrey Gundlach, Gundlach, CNBC's, — CNBC's Michael Bloom Organizations: Investment, Logan Capital Management, Modi, Infrastructure Pipeline, Aecom, Barclays, Cisco Systems, Juniper Networks, India —, Semiconductor, Micron Technology, Qualcomm, Logan Capital Locations: India, China, Asia, Philadelphia, South Carolina . U.S, Dallas, East, Asia Pacific, Japan, Coles , U.S, U.S, IShares

☆ Millennium Has Hired a Top Jane Street Trader
▼ + stars: | 2024-02-08 | by ( Alex Morrell | Bradley Saacks | ) www.businessinsider.com time to read: +3 min

But the spotlight came for Jane Street anyway. Representatives for Jane Street and Millennium declined to comment. Millennium is in many ways the inverse of Jane Street. Six years ago, Schadewald joining Jane Street raised some eyebrows — a testament to the once barely-known firm's ascendance. Today, leaving a juggernaut like Jane Street for the intensity of a high-risk, high-reward hedge fund seat is viewed as the surprise.

Persons: Jane Street, Jane, It's, Sam Bankman, doesn't, Doug Schadewald, Izzy Englander's, Jane Street's, he's, Schadewald Organizations: Bloomberg, Business, Wall Street, Financial Times, Jane Street, Barclays, Management, Star Millennium, Citadel

☆ Wall Street gives 2 of our healthcare stocks well-deserved price target bumps
▼ + stars: | 2024-02-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

Wall Street liked what it saw from GE Healthcare and Eli Lilly in their earnings reports, leading to a round of well-deserved price target bumps for the Club stocks. GE Healthcare fell slightly Wednesday, holding on to most of Tuesday's almost 11.7% surge. The biggest price target boost for GE Healthcare came from Piper Sandler, going to $94 per share from $84 while reiterating its buy-equivalent rating. Goldman Sachs, which has a hold rating on Eli Lilly, bumped its price target to $650 a share from $600. The GE Healthcare scanner is called the Revolution CT. Martin Schutt | picture alliance | Getty Images

Persons: Eli Lilly, tirzepatide, Lilly, it's, Piper Sandler, —, Mizuho, Wells Fargo, Evercore, Eli Lilly's, Lilly's, Eli, Truist, Cantor Fitzgerald, Morgan Stanley, Goldman Sachs, Jim Cramer's, Jim Cramer, Jim, Martin Schutt Organizations: GE Healthcare, Club, GE, Mizuho Securities, Electric, BMO Capital Markets, Truist Securities, CNBC, Bank of America, Barclays, Getty Locations: Amgen, China, Eli Lilly's, Wells Fargo, Jena , Germany

☆ Wednesday analyst calls: JPMorgan downgrades New York Community Bancorp, Eli Lilly gets big boost
▼ + stars: | 2024-02-07 | by ( Pia Singh | ) www.cnbc.com time to read: +8 min

Troubled regional bank New York Community Bank faced a downgrade from JPMorgan, which said NYCB is facing a multitude of challenges. The firm upped its price target for the drug maker to $850, all the way from $200. Wells Fargo : Analyst Zachary Fadem kept his overweight rating and raised his target price by $200 to $2,800, implying 12.5% upside for shares. "After speaking to management, we confirmed these two executives had indeed left the company, wrote JPMorgan analyst Steven Alexopoulos. NXP's stock price is down 2.9% for the year, but still higher than 15% over the past 12 months.

Persons: Eli Lilly, Eric Gonzalez, Gonzalez, Wells, Zachary Fadem, Sara Senatore, Chipotle, — Pia Singh, JPMorgan downgrades, Steven Alexopoulos, Alexopoulos, John Melloy, Vivek Arya, Arya, Robyn Karnauskas, Karnauskas, Zepbound Organizations: CNBC, New York Community Bank, JPMorgan, Pharma, Truist Securities, Semiconductors, Bank of America, KeyBanc, Barclays, New York Community Bank JPMorgan, New, Community Bank, Financial Times, Bloomberg News, New York Community Bancorp, Battery Management Systems, Food and Drug Administration Locations: Wells Fargo, Tuesday's

☆ Snap shares drop 30% after company's revenue miss and weak guidance
▼ + stars: | 2024-02-07 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Snap shares tanked 30% in Wednesday morning trading, a day after the company missed revenue estimates and issued light guidance in its fiscal fourth-quarter earnings report. Snap reported revenue of $1.36 billion for the quarter, slightly below the $1.38 billion expected by analysts, according to LSEG, formerly known as Refinitiv. They noted that strong ad improvements and impression growth at Meta and Amazon could represent another headwind for Snap's ad revenue. "Stepping back, 4Q was a mixed bag, but the acceleration in 1Q gives us confidence that things are getting back on track," the analysts wrote.

Persons: Evan Spiegel, Morgan Stanley, — CNBC's Michael Bloom, Jonathan Vanian Organizations: Snap Inc, Barker, Meta, Barclays, 4Q, SNAP, JPMorgan, CNBC PRO Locations: Santa Monica , California

☆ Electricity demand from data centers, AI and crypto could double in 2 years. How to play it
▼ + stars: | 2024-02-06 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

The firm pointed to recent data from the International Energy Agency, which forecasted that electricity consumption from data centers, artificial intelligence and the cryptocurrency sector could double by 2026. "The latest IEA electricity forecasts paint an even more alarming outlook for data center consumption," analyst Hiral Patel wrote in a Monday note. Barclays said it is looking at three investment areas that are a key part of the trend: data center operators, data center suppliers and data center grid infrastructure builders. After successfully using lithium-ion batteries at a Dublin data center , Microsoft wants to expand grid-interactive battery storage in other areas. That includes nine data centers in Ireland, which is a data center hotspot in Europe that's also under increased risk given its soaring electricity consumption, Barclays said.

Persons: Hiral Patel, Morgan Stanley's, Europe that's, Stifel Nicolaus, Eaton Organizations: Barclays, International Energy Agency, CNBC, Microsoft, Electricity, Constellation, Digital Realty Trust, Digital, European Union, Blackstone, Digital Realty, Devices, AMD, Tech Locations: Japan, U.S, Dublin, Ireland, Europe, European, Frankfurt, Paris, Virginia

☆ Comeback stocks: These names have jumped to start 2024 after falling last year
▼ + stars: | 2024-02-05 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The Russell 1000 , which tracks the top 1,000 largest companies — large- and mid-cap names — is up about 3% in 2024. With this in mind, CNBC Pro screened for the stocks making a comeback in 2024. However, the consensus price target is just 4.6% from its current levels — putting into question whether there's more room for upside. Just 35.7% of analysts are bullish on the shares, and the average price target implies shares can grow just 4.3%. Sarepta Therapeutics has soared 27.4% this year — and it could jump 20.1% more according to its consensus price target, per LSEG.

Persons: Russell, they're, Merck's, Sarepta Organizations: CNBC Pro, Pharmaceutical, Merck, Verizon, Barclays, VZ, LSEG, Novo Nordisk, Sarepta Therapeutics Locations: Novo

☆ Earnings playbook: Your guide to another big week of reports, including Disney and Ford
▼ + stars: | 2024-02-04 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

This quarter: The fast food giant is expected to report earnings and revenue growth in the high-single digits, per LSEG. What history shows: McDonald's beats earnings expectations 57% of the time, according to Bespoke Investment Group. What history shows: Ford earnings exceed expectations 69% of the time, Bespoke data shows. Disney is set to report earnings after the bell. What history shows: Disney shares have risen in each of the last two earnings days, and the company beats earnings expectations 78% of the time, Bespoke data shows.

Persons: McDonald's, Dennis Geiger, Stephens, Joshua Long, Ford, Morgan Stanley, Adam Jonas, Jonas, Ronald Josey, Kannan Venkateshwar Organizations: Technologies, CNBC, UBS, Investment, Tuesday, Management, Wall, Ford, UAW, U.S, automakers, Citi, Disney, Barclays Locations: U.S

☆ Baby Boomers are approaching 'peak burden' on the economy
▼ + stars: | 2024-02-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

A wave of retiring Boomers means the generation will soon be at "peak burden" to the economy. It's the Baby Boomers, who are aging fast and approaching their "peak burden" years in regard to their drag on the economy and the resources of younger generations. Advertisement"The peak burden is [when] all the baby boomers have hit retirement," Millar told Business Insider. And it isn't the case that Baby Boomers will derail economic growth nearly as much as, say, a full-blown recession, according to Dean Baker, an economist who described the Baby Boomers as a "time bomb" in a 1998 paper. In 2022, empty-nester baby boomers owned 28% of large homes in the US, a Redfin analysis found, double the share of millennial families.

Persons: —, Zers, Jonathan Millar, Millar, Dean Baker, That's, Boomers, David Rosenberg, Baker, Gen Organizations: Boomers, Service, Barclays, National Association of Realtors, Chamber of Commerce, Rosenberg Research, Social, Insurance Trust Fund, Social Security Administration Locations: Millennials

☆ Wall Street sees more upside for these 5 portfolio stocks — all tech except for 1 retailer
▼ + stars: | 2024-02-03 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Wall Street analysts had a lot to say about our portfolio names as Big Tech earnings dominated the action. Alphabet Wall Street's call: Goldman Sachs raised Alphabet's 12-month price target to $171 per share from $164 after earnings. The Club's take: We raised our price target on Alphabet's following its post-earnings slump. Meta Platforms Wall Street's call: Meta Platforms received tons of price target increases Friday. Meta shares jumped more than 20% on Friday to a new record-high close.

Persons: Goldman Sachs, Goldman, we're, Jim Cramer, Meta, Mark Zuckerberg, CY27E, Oppenheimer, COST's, Jim Cramer's, Jim, Brendan Mcdermid Organizations: Wednesday's Federal, Wall Street, Big Tech, Microsoft, Barclays, Super, Citi, Meta, Investors, Nvidia, Bank of America, Club, Costco, CNBC, Traders, New York Stock Exchange Locations: CY23, New York City, U.S

☆ Why parts of the ‘Magnificent 7’ are losing their luster
▼ + stars: | 2024-02-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +6 min

After turbocharging late 2023's stock market rally, some of the " Magnificent 7 " technology darlings are looking less magnificent this year. Shares of Meta and Nvidia are leading the Magnificent 7 for the year, with both stocks jumping roughly 34% each. The rest of the Magnificent 7 stocks, however, have received anywhere from 70% to 85% buy rating consensus. While the other five are forecast to see at least double-digit earnings growth estimates, analysts predict Apple's earnings growth to stay relatively unchanged. On the other hand, consensus estimates call for Tesla earnings to fall by 20%.

Persons: turbocharging, Tesla, Art Hogan, Hogan, Baird, Elon Musk's, Ben Kallo, Tim Long, Piper Sandler, Harsh Kumar, Charles Schwab, Kevin Gordon, Gordon, Ed Yardeni, isn't, Yardeni, Russell, Fred Imbert Organizations: Nvidia, Meta, Microsoft, Apple, Wall Street, Riley Wealth Management, CNBC, BYD, Barclays, Blips, Yardeni Research, titans Locations: Delaware, China

☆ Obesity 'bolt-ons' likely to spur pharma M&A in 2024: Analyst
▼ + stars: | 2024-02-02 | 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 EmailObesity 'bolt-ons' likely to spur pharma M&A in 2024: AnalystEmily Field, director and head of European pharmaceuticals equity research at Barclays, says the industry is likely to see an uptick in mergers and acquisitions in 2024, especially with smaller deals in the obesity drugs space.

Persons: Emily Field Organizations: pharma, Barclays

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Meta, Amazon, Disney, Chipotle, Nike, Roblox, Costco & more
▼ + stars: | 2024-02-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

Goldman Sachs reiterates Amazon as buy Goldman said it's sticking with its buy rating after the company's robust earnings report on Thursday. " Bank of America reiterates Apple as buy Bank of America said investors should keep buying shares of Apple after its earnings report on Thursday. "We are downgrading the shares to HOLD and lowering our price target to $7." Bank of America reiterates Roblox as buy Bank of America said it's bullish on the stock heading into earnings next week. " Citi reiterates Disney as buy Citi said it's standing by the stock heading into earnings next week. "

Persons: Morgan Stanley, Meta, Goldman Sachs, Goldman, Evercore, Oppenheimer, Baird, Wells, Roblox, it's bullish, Chipotle, it's Organizations: North America, Bank of America, Apple, Nvidia, Global Payments, Costco, Citi, Sea, Deutsche Bank downgrades New York Community Bancorp, Deutsche, New, Community Bancorp, Comerica, CMA, TFC, Barclays, Nike, Disney, UBS, ~$ $ Locations: North, China, Singapore, KeyCorp, F1Q23

Elsewhere, Bank of America raised its price target on Nvidia, calling for more than 25% upside. 7:07 a.m.: Deutsche Bank deals latest blow to regional bank after earnings disappoint Deutsche Bank joined the post-earnings dogpile on New York Community Bank . Analyst Bernard von-Gizycki downgraded the regional bank to hold from buy and slashed to price target to $7 from $15. Analyst Alicia Yap upgraded the consumer internet stock to buy from neutral and raised her price target by $6 to $50. — Alex Harring 5:45 a.m.: Bank of America hikes Nvidia price target Don't expect Nvidia to lose momentum anytime soon, according to Bank of America.

Persons: Goldman Sachs, Bernard von, Gizycki, — Alex Harring, There's, Alicia Yap, Sea's, Shopee, Alex Harring, what's, Tim Cook, Brandon Nispel, AAPL's, AAPL, Morgan Stanley, Erik Woodring, we're, Tim Long, Piper Sandler, Harsh Kumar, Meta, Ross Sandler, Benjamin Black, Mark Kelley, Bernstein, Mark Shmulik, LSEG, Rufus, Eric Sheridan, Brian Nowak, outsized, Brad Erickson, Vivek Arya, Fred Imbert Organizations: CNBC, Apple, Bank of America, Nvidia, Deutsche Bank, New York Community Bank, von, Investors, Traders, Citi, Nasdaq, Conference, Barclays, Vision, Meta, Wall Street, Amazon, RBC Capital, Enterprise, SAP, VMWare, Dell Locations: Wall, New, Thursday's, Friday's premarket, China, genAI, CY25

☆ Stocks making the biggest moves premarket: Qualcomm, Merck, General Motors and more
▼ + stars: | 2024-02-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The stock is trading at a low multiple compared to spending, the firm highlighted as a key catalyst for investors. Nextracker — Shares of the solar technology company jumped 17% on bullish analyst notes following its strong quarterly results and guidance increase. Wolfspeed guided for fiscal third-quarter revenue of $185 million to $215 million, below the $224 million, LSEG estimate. Robinson reported 50 cents per share in adjusted earnings, while analysts expected 81 cents per share, per LSEG. The company reported $9.44 billion in revenue, while analysts surveyed by LSEG were looking for $9.70 billion.

Persons: Christopher Danely, Morgan Stanley, Nextracker, Wolfspeed, TD Cowen, ChargePoint, C.H, Robinson, Merck, company's, —, Alex Harring, Lisa Kailai Han, Tanaya Macheel, Jesse Pound, Michelle Fox Theobald Organizations: Qualcomm, Citi, General Motors, General, Barclays, Bank of America, Revenue, Merck, Japanese, Honeywell, LSEG, Norfolk Southern, Ancora Holdings, Wall Street Journal Locations: Norfolk Southern

☆ Wall Street has adjusted its expectations for when the Fed starts cutting rates
▼ + stars: | 2024-02-01 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Traders have moved out the probability of a March easing from around 90% in recent weeks to a coin-flip in the days leading up to this week's Federal Open Market Committee meeting to about a 1-in-3 chance Thursday. That's not to say the market still doesn't think the committee will cut rates sharply this year, but any dialing back now probably won't come quite as soon as expected. For the most part, Wall Street commentary showed an expectation that the Fed will cut at least four times this year, likely beginning in either May or June. "As inflation falls, real rates become more restrictive, and we think gaining consensus to cut will be easier." Most of Wall Street expects the FOMC to skip November, as the meeting falls the same week as the U.S. presidential election.

Persons: Jerome Powell, That's, Matthew Luzzetti, FOMC, Morgan Stanley, Ellen Zentner, Goldman Sachs, Goldman, Powell, David Mericle, Michael Gapen, Marc Giannoni, — CNBC's Michael Bloom Organizations: Traders, Deutsche Bank, Dow Jones, Fed, Wall, U.S, Bank of America, Barclays

☆ Buy these high-quality small-cap stocks with solid growth and attractive valuations, Goldman Sachs says
▼ + stars: | 2024-02-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Although small-cap stocks have taken a hit so far this year, Goldman Sachs thinks expectations of a healthier economic backdrop make the group look attractive — especially since they're already trading at fairly cheap valuations. Analyst Eric Sheridan initiated shares at a buy with a $16.50 price target in December. Goldman thinks shares could gain more than 50% over the next year, according to last week's closing price. Solar equipment company Shoals Technologies is another Goldman small-cap favorite. Other small-cap companies Goldman likes include coconut water company Vita Coco , food packaging company Sealed Air and crowd-sourced reviews platform Yelp .

Persons: Goldman Sachs, Russell, Deep Mehta, Mehta, Eric Sheridan, Goldman, — Goldman, Shoals, Tinder, Vita Coco, — CNBC's Michael Bloom Organizations: Goldman, Technologies, Barclays Locations: Wells, Wednesday's

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Alphabet, Microsoft, AMD, Meta, Spotify & more
▼ + stars: | 2024-01-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Morgan Stanley reiterates Microsoft as overweight Morgan Stanley raised its price target on the stock to $465 per share from $450 following earnings. Morgan Stanley reiterates Alphabet as overweight Morgan Stanley raised its price target on the stock to $165 per share from $150 and said it's standing by Alphabet shares after earnings on Tuesday. " Bank of America reiterates Meta as buy Bank of America said it's bullish heading into Meta earnings on Thursday. Bank of America reiterates Advanced Micro Devices as buy Bank of America said it's standing by its buy rating following earnings on Tuesday. Morgan Stanley downgrades Sofi to underweight from equal weight Morgan Stanley said in its downgrade of SoFI that it sees too many "near-term revenue headwinds."

Persons: Morgan Stanley, it's, Johnson, William Blair, Roth, Stryker, SYK, Morgan Stanley downgrades Sofi, Baird, Tesla, Elon Musk's, Elon, Wells Organizations: Bank of America, Meta, " Bank of America, Devices, AMD, Citi downgrades Deutsche Bank, Citi, Deutsche, Deutsche Bank, Palo Alto Networks, UPS, Argus, Canaccord, UBS, Informa Tech, UW, Barclays, Verizon, JPMorgan, Apple, GFL, Spotify Locations: GenAI, Georgia

☆ Leather and Lace for the Queen of Pop
▼ + stars: | 2024-01-31 | by ( Alex Vadukul | Amir Hamja | ) www.nytimes.com time to read: +1 min

Madonna performed at Madison Square Garden on Monday night as part of her Celebration Tour, a lavish stage spectacle devoted to her catalog of hits as the Queen of Pop. During “Like a Prayer,” she sang from a spinning carousel filled with jumbo crucifixes and shirtless men. “I don’t know when I’m going to be back here playing again, but I’m doing this show like it’s my last show,” Madonna, 65, told the crowd. “And I’m doing this show like it’s my first show.”Before the concert, the scene outside the arena resembled a fashion runway as Madonna fans arrived to serve up style tributes to her. Men emerged from the subway wearing black biker boots and leather jackets.

Persons: Madonna, ”, Kelly Ripa, “, Papa Don’t, Sophy LeMay Organizations: Vogue, Penn Station, Brooklyn’s Barclays Center Locations: Madison

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