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☆ China's real estate stimulus could boost this stock, analysts say
▼ + stars: | 2024-10-13 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

While China's property development giants find their footing amid the ongoing real estate slump, several analysts have their sights on housing transaction and services platform KE Holdings . The stock also trades in Hong Kong. In contrast, an index of Chinese property stocks in Hong Kong has gained just under 3% for the year after a volatile three weeks. But China's giant property developers now face a market that's very different from the one they saw in their heyday. Goldman has a price target of 54 Hong Kong dollars ($6.95) and $21 for the company's U.S.-listed shares.

Persons: Jefferies, Xi Jinping, Richard Tang, Hong Kong, Julius Baer, Tang, Goldman Sachs, Goldman, — CNBC's Michael Bloom Organizations: KE, KE Holdings, Jefferies, CNBC, People's Bank of, Bank of America Securities, Bank of America, BofA Securities, Goldman, Hong Locations: U.S, Hong Kong, Friday's, China, People's Bank of China, Beijing, Hong

☆ CNBC's Inside India newsletter: Is China's stock market rally behind Indian equity losses?
▼ + stars: | 2024-10-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

China's CSI 300 index has gained about 25% since the stimulus measures were announced. That would depend on whether the measures announced will likely target China's stock market or the real economy. Even if China's economy improves and its stock market soars, experts suggest it's unlikely to hurt the Indian equity market's growth outlook over the long term. For now, a strong and rapidly growing economy, as well as a "resilient" domestic investor base, continue to be significant drivers of Indian stock markets, according to Wall Street's observers. "The Indian market has numerous positive domestic drivers which underpin our overweight recommendation," Morgan Stanley's Jonathan Garner said in a note to clients this week.

Persons: India's, Chris Ma, Berstein's Rupal Agarwal, David Aserkoff, Aserkoff, Morgan Stanley's, Wall, Morgan, Jonathan Garner, Michael Bloom Organizations: CSI, Beijing, Citi, Central Locations: China, India, Asia, Eastern Europe, Africa

While "boring" bitcoin has been chopping sideways since March, bitcoin proxy MicroStrategy is trading at its highest level relative to the flagship crypto since 2019. Wolfe Research managing director Rob Ginsberg said he "loves [MicroStrategy's] chances to get out and continue climbing," but that the stock is overbought in the near term. "On a relative basis vs. BTC, the stock is at its highest level since 2019," Ginsberg added. Bitcoin is up 41% for the year, while MicroStrategy has gained 193%. MicroStrategy, which tends to be a high beta play on the cryptocurrency, is expected to follow.

Persons: Rob Ginsberg, MARA, MSTR, Ginsberg, Price, Wolfe, MicroStrategy, bitcoin, — CNBC's Michael Bloom Organizations: Wolfe Research, BTC Locations: pullbacks, MSTR, bitcoin

☆ Nvidia shares are up 25% in the last month, rallying near a record ahead of tech earnings
▼ + stars: | 2024-10-09 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

Nvidia shares have surged 25% in the last month and are closing in on a record ahead of tech earnings season in the coming weeks, when top customers like Meta , Microsoft and Alphabet will update shareholders on their expected investments in artificial intelligence. In August, Nvidia reported second-quarter earnings that showed revenue rose 122% year-over-year while net income more than doubled to $16.6 billion. The company also gave stronger-than-expected guidance for the current quarter and said it expects to ship several billion dollars worth of its new Blackwell AI chip. Demand is so high that Nvidia expects shipments for its current-generation Hopper chip to increase over the next two quarters. Nvidia shares jumped 4% on Sept. 23, after a filing showed Huang finished selling the company's stock.

Persons: Hopper, Jensen Huang, Blackwell, Huang, — CNBC's Michael Bloom Organizations: Nvidia, Meta, Microsoft, Apple, Oracle, Blackwell, Data Center, Mizuho Locations: China, Taiwan

☆ Goldman Sachs upgrades China stocks, sees as much as 18% upside from here
▼ + stars: | 2024-10-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The recent stimulus-triggered rally in Chinese stocks could have legs, said Goldman Sachs, whose strategists upgraded the regional equities and projected high double-digit returns. The Wall Street firm hiked its rating on Chinese stocks to overweight from equal weight and raised its 12-month price target on the MSCI China index to 84, implying an upside between 15% to 18%. The announcement prompted massive buying from hedge funds, who piled into beaten-down Chinese stocks like never before. the long-awaited "Beijing put" has been triggered," Goldman strategists said in a note to clients. The iShares MSCI China ETF climbed another 2.7% on Monday, jumping more than 30% from its mid-September low and pushing the fund's 2024 return to more than 40%.

Persons: Goldman Sachs, Goldman, bullish, —, Michael Bloom Locations: China, Beijing

☆ How China's stimulus could provide a boost to new CEOs at Nike and Starbucks down the line
▼ + stars: | 2024-10-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Brian Niccol and Elliott Hill are taking over Starbucks and Nike , respectively, just as a key market that weighed on their predecessors gets a boost. As China's economic stimulus takes shape, it could end up helping these global brands. Nike and Starbucks in China While the exact plans for Niccol and Hill are still unclear, the Chinese market seems like it will be an area of focus. At Starbucks, the company's leadership team in China has already been reshuffled since Niccol took over in September. Still, a rebound for China's consumer won't necessarily boost sales for Starbucks and Nike without better execution.

Persons: Brian Niccol, Elliott Hill, Hartmut Issel, Niccol, Matthew Friend, Hill, Chen Luo, Ellen Hazen, . Putnam, Hazen, Eric Clark, I'd, it's, Clark, America's Luo, — CNBC's Michael Bloom Organizations: Starbucks, Nike, Bank of America — Nike, UBS, Bank of America, CNBC, Brands, Bank, America's Locations: China, United States, Niccol, .

☆ Citi names 3 U.S. traded stocks set to benefit China's stimulus program
▼ + stars: | 2024-10-03 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Citi has identified three U.S.-traded Chinese stocks that are positioned to benefit from Beijing's recently announced economic stimulus program. The Chinese government's efforts have already shown a significant impact, with Chinese internet stocks experiencing substantial gains last week. Despite these impressive gains, Citi analysts believe the market has not fully priced in the potential for improved macroeconomic conditions and earnings growth. The three stocks are also traded in the U.S. Tencent The technology conglomerate and owner of WeChat stands to benefit from multiple aspects of the stimulus program, according to Citi. Meituan Meituan , a Chinese shopping platform, is also poised to benefit from increased consumer spending, particularly in areas such as food delivery and local services, Citi said.

Persons: Alicia Yap, Tencent, Meituan, — CNBC's Michael Bloom Organizations: Citi, Trip.com Locations: Beijing's, China, U.S, Tencent, Weibo, Golden

☆ Supply chain disruptions could benefit these stocks, Goldman Sachs says
▼ + stars: | 2024-10-03 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Trade tensions, too, have resulted in tariffs and affected world trade in certain goods. The market for companies in this space is driven by the volume of global trade, and this so-called supply chain "complexity," Goldman noted. It sees some stocks as being able to benefit from higher supply chain "complexity." Freight-forwarding firms such as DSV , DHL Forwarding and Kuehne+Nagel are "well-placed to help their clients navigate higher complexity and shocks," Goldman said. Container lines such as Cosco, Maersk and Hapag-Lloyd are less directly exposed to the higher supply chain complexity, said Goldman.

Persons: Goldman Sachs, Goldman, deglobalization, Nagel, Lloyd, — CNBC's Michael Bloom Organizations: U.S ., Logistics & Shipping, Logistics, DHL, Goldman, Express, Fedex, UPS, Maersk, Hapag Locations: U.S . East Coast, Gulf Coast

☆ Stocks to play the China trade until the latest stimulus package kicks in
▼ + stars: | 2024-09-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Until the government's measures pan out, investment strategists are recommending a handful of oversold stocks in China. U.S. hedge fund billionaire David Tepper said Thursday on CNBC's " Squawk Box " that he bought more Chinese stocks after the change in China policy. That hedge fund allocation rose to 7.3% on Tuesday, which saw the largest single day purchases by hedge funds since March 2021, Rubner said. Retail investors account for the majority of trading activity in mainland Chinese stocks, also known as A shares. Mainland Chinese stock exchanges are scheduled to close from Oct. 1 to Oct. 7 for a holiday, which this year commemorates the 75th anniversary of the People's Republic of China.

Persons: Wendy Liu, Rupal Agarwal, Bernstein, David Tepper, Donald Trump, Tepper, Pan Gongsheng, Xi Jinping, Scott Rubner, Goldman Sachs, Rubner, Goldman, China hasn't, Li Dongfang, Li, financials, — CNBC's Michael Bloom Organizations: CSI, JPMorgan, Tal Education, Huawei, People's Bank of China, CNBC, HK Locations: Shanghai, Shenzhen, China, Tsingtao, U.S, Zhejiang, Asia, Hong Kong, Beijing, Mainland, People's Republic of China

☆ Morgan Stanley raises its price target for a Chinese tech giant it calls a ‘safe haven’
▼ + stars: | 2024-09-27 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Of all Chinese internet stocks, one company has the "best risk-reward" for investors, Morgan Stanley says. Morgan Stanley raised its price target for Tencent from 450 Hong Kong dollars to 480 Hong Kong dollars ($57.80 to $61.70). Its shares have jumped since mid September, from about around 374 Hong Kong dollars to the current 424 Hong Kong dollars. As for its games unit, Morgan Stanley says the firm will enjoy "near-term catalysts," adding that there will be a "robust" pipeline, with its evergreen games set to continue netting growth. It estimates Tencent's games revenue growth could rise 13% and 10% year on year in the second half this year and in 2025, respectively.

Persons: Morgan Stanley, Tencent, there's, — CNBC's Michael Bloom Organizations: Hong Locations: Hong Kong, Alibaba

☆ Barclays names 5 global stocks that could benefit from China's stimulus — giving one over 100% upside
▼ + stars: | 2024-09-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Barclays has identified a handful of European stocks poised to benefit from China's anticipated economic stimulus measures. Mainland Chinese stocks jumped on the news. The investment bank suggested that China's current economic climate resembles April 2024, when Chinese and China-exposed stocks experienced a significant rally. According to Barclays, U.K.-headquartered insurer Prudential , cosmetics giant L'Oreal , carmakers BMW and Mercedes , and miner Rio Tinto are among the top European stocks that could benefit from China's stimulus efforts. China's recent economic challenges have been evident, with the country experiencing its longest period of deflation since 1999.

Persons: Anshul Gupta, Larry Hu, Hu, — CNBC's Michael Bloom, Evelyn Cheng Organizations: Barclays, People's Bank of China, Prudential, L'Oreal, carmakers BMW, Mercedes, Rio Tinto, U.S, Prudential plc, Macquarie Locations: China, Rio, China's

☆ 'Don't fight the Fed': Barclays and Citi turn bullish on these stocks after rate cut
▼ + stars: | 2024-09-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

The move prompted Wall Street giants Barclays and Citi to adopt a more optimistic stance on global cyclical stocks. Barclays believes the Federal Reserve's actions are "clearly designed to pull out all the stops to achieve a soft landing" for the economy. Barclays strategists noted that "cyclicals typically rebounded steadily after the Fed started its rate cut cycle ... as long as it was not followed by a recession." Citi strategists share a similar outlook for European stocks. "The scale of the downgrades has become so extreme of late that we're now approaching a point where negative ERI may be a useful contrarian indicator," the Citi strategists said.

Persons: Emmanuel Cau, Beata Manthey, we're, Safran, Atlas, — CNBC's Michael Bloom Organizations: Federal Reserve, Wall Street, Barclays, Citi, Fed, Siemens, BBVA, ING, Holcim, ASM Locations: United States

☆ Goldman names its top global battery stocks — giving 2 over 50% upside
▼ + stars: | 2024-09-25 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

CATL Goldman is buy-rated on Chinese battery maker Contemporary Amperex Technology Co, or CATL. The company — which has a global market share of 40% — "is the largest and most innovative battery maker globally," the bank's analysts wrote. Goldman has a price target of 307 Chinese yuan ($43.65) on the stock, giving it potential upside of around 55%. Gotion Another Shenzhen-listed Chinese stock Goldman likes is Gotion High Tech . Goldman has a buy rating on Gotion at a price target of 31.40 Chinese yuan, giving it potential upside of around 66.4%.

Persons: Goldman Sachs, — CATL, CATL Goldman, CATL, Goldman, — CNBC's Michael Bloom Organizations: LG Energy, Panasonic, Samsung SDI, Amperex Technology Co, Shenzhen Stock Exchange, Battery Technology, China Clean Technology, High Tech Locations: China, Gotion, Shenzhen

☆ These 4 Asian stocks are set to pop on an AI server cooling boom, Nomura says
▼ + stars: | 2024-09-24 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

That's liquid cooling, a cooling technology used in data centers which helps to improve power and cost efficiency. "As air cooling is approaching the limit of its cooling capacity, the importance of liquid cooling is getting increasingly more pronounced … liquid cooling [is] becoming a must-have for GB200," said the bank. Nomura estimates the liquid cooling penetration rate in Nvidia's AI servers is set to rise from 8% in 2024 to 43% in 2025, and 47% in 2026. Liquid cooling systems are the solution to "power shortage pressures" in data centers, Morgan Stanley said in a previous report . Against that backdrop, Jefferies is bullish on four Asian stocks it says will be "key beneficiaries" of the liquid cooling trend.

Persons: Nomura, Morgan Stanley, Jefferies, it's, — CNBC's Michael Bloom Organizations: Nvidia, Nomura, Tech, Jefferies, Nvidia's G200, Micro Computer, Quanta's CDU, Microsoft, Meta, Web Services Locations: Taiwan, Delta

☆ Morgan Stanley sees this energy stock doubling on a large data center deal like Three Mile Island
▼ + stars: | 2024-09-24 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Shares in Bloom Energy could double if the fuel cell company wins a large deal to power data centers similar to the Three Mile Island nuclear plant restart , according to Morgan Stanley. Morgan Stanley values Constellation's contract with Microsoft at $100 per megawatt hour, compared to the typical market price of about $50 per megawatt hour. Including grid charges, the prices rises to $130 per megawatt hour, according to the bank. Bloom, however, is positioned to capture a so-called "time-to-power" premium by directly supplying a major data center, according to Morgan Stanley. Morgan Stanley raised its price target to $22 from $20 in mid-August, 2024, and has rated Bloom Energy overweight since April 2023.

Persons: Morgan Stanley, Andrew Percoco, Bloom, Percoco, — CNBC's Michael Bloom Organizations: Bloom Energy, Constellation Energy, Microsoft, BE Locations: Harrisburg , Pennsylvania

☆ Morgan Stanley says Constellation could top $300 on nuclear restart, these stocks could also rise
▼ + stars: | 2024-09-23 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Constellation Energy stock is still rising after the power company's landmark announcement last week that it plans to restart the Three Mile Island nuclear plant in Pennsylvania. The operational risk to bring the plant back online in 2028 appears manageable, Morgan Stanley told clients in a note on Monday. Renewable energy and natural gas stocks could also indirectly benefit from nuclear deals, according to Morgan Stanley analyst Stephen Byrd. Renewable stocks such as AES Corp. , NextEra Energy and First Solar could get a tailwind for the same reason, according to Morgan Stanley. CEO John Ketchum said the company is looking at restarting the Duane Arnold nuclear plant in Iowa.

Persons: Morgan Stanley, David Arcaro, Arcaro, Stephen Byrd, Byrd, NextEra, John Ketchum, Duane Arnold, Wells, Neil Kalton, — CNBC's Michael Bloom Organizations: Constellation Energy, Constellation, Microsoft, Vistra Corp, Vistra, Public Service Enterprise Group, Tech, . Companies, GE Vernova, Siemens Energy, Mitsubishi Power, NRG Energy, AES Corp, NextEra Energy Locations: Pennsylvania, Iowa, Wells Fargo

☆ This Chinese stock has a big U.S. buyer in consumer tech aimed at the smart glasses market
▼ + stars: | 2024-09-22 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Smart glasses, many with components made in China, are emerging as an up-and-coming category as the fall consumer technology product season gets underway. Snap has revealed augmented reality glasses ; Meta is expected to do so at its own event starting Sept. 25. The Facebook-parent's Ray-Ban Meta Smart Glasses are already seeing traction, HSBC's Frank He, head of technology hardware research for mainland Chinese stocks, pointed out in a report earlier this month. The roughly $300 Ray-Ban Meta smart glasses allow users to take pictures, short video clips, listen to music and interact with Meta's AI features, according to promotional materials. For the year through July, the optical company's non-smartphone camera module shipments surged about 61%, which HSBC attributes to "brisk sales" of Ray-Ban Meta Smart Glasses.

Persons: parent's Ray, Frank He, Sunny, Ray, Sunny Optical's, — CNBC's Michael Bloom Organizations: HSBC, Ray, U.S, Hong, JPMorgan, HK Locations: China, Hong Kong, Vietnam, India, Europe, U.S, Friday's

☆ Stablecoins are becoming ‘systemically important’ as market cap returns to record highs, analysts say
▼ + stars: | 2024-09-20 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

The market cap for stablecoins — cryptocurrencies that promise a fixed value peg to another asset — has recently reached all-time-high levels after a sharp drop in 2023. Monthly payments in stablecoins tripled to $1.4 trillion in the 12 months leading up to July. This could have investment implications for Robinhood down the road, he added, as it "continues integrating stablecoins for crypto trading & cross-border transfers." Crypto investors watch stablecoins closely for evidence of demand, liquidity and activity in the market. PayPal last year launched its own dollar-backed stablecoin, while Visa has been supporting stablecoin payments and Mastercard is supporting stablecoin wallets and other crypto card programs.

Persons: —, Bernstein, Gautam Chhugani, Kevin Dede, Wainwright, Dede, Goldman Sachs, Wells, Rob Goldstein, Michael Bloom Organizations: H.C, JPMorgan, PayPal, Visa, Mastercard, BlackRock, New, Financial Locations: New York City, Boston, New York

☆ This under-the-radar stock in Nvidia's supply chain is a 'hidden gem,' Jefferies says
▼ + stars: | 2024-09-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

One global stock stands out as a "unique play" in the Nvidia and artificial intelligence supply chain, according to Jefferies. It's German semiconductor firm SUSS MicroTec , Jefferies said in a Sept. 17 report, calling it a "hidden gem" among European semiconductor firms. The investment bank initiated coverage of the stock at a buy rating and a target price of 76 euros ($84). The firm has "multi-layered exposure" to an advanced packaging technology called Chip-on-Wafer-on-Substrate, said Jefferies, explaining that it's used to make AI chips. SUSS sells its products to two major high bandwidth memory suppliers and TSMC, to be used in the production of that advanced packaging.

Persons: Jefferies, MicroTec, it's, SUSS, — CNBC's Michael Bloom Organizations: Nvidia, U.S, Jefferies, NVIDIA Locations: TSMC

☆ Cooling needs and more: Jefferies names global stocks to buy driven by AI data center demand
▼ + stars: | 2024-09-17 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

That also means that AI data centers are growing fast — as is the demand for them. That in turn is set to drive up the demand for cooling systems for data centers. We believe the demand for liquid cooling for AI data centers should sustain for the following 5-10 years, driven by continuous iteration of AI chips and rising heat dissipation requirements," Jefferies said in a Sept. 10 report. Cooling services have been said to improve power efficiency in data centers and, by extension, cost efficiency. Envicool Technology : Jefferies expects data center cooling sales in Southeast Asia to contribute one-third of such sales for the Chinese firm.

Persons: Jefferies, — CNBC's Michael Bloom Organizations: Jefferies, Stock, Schneider Electric, Technology, PSU, Nvidia Locations: China, Southeast Asia

☆ Apple shares slide as analysts highlight sluggish iPhone 16 demand
▼ + stars: | 2024-09-16 | by ( Hayden Field | ) www.cnbc.com time to read: +4 min

"The key factor is the lower-than-expected demand for the iPhone 16 Pro series," Kuo wrote after compiling data from Apple's websites on each iPhone 16 model's pre-order sales, average delivery times and shipments before pre-order. Additionally, intense competition in the Chinese market continues to impact iPhone demand." The analysts also wrote that Apple reduced iPhone 16 prices in Australia and India. The iPhone 16 Pro and the iPhone 16 Pro Max are Apple's more premium phones that have nicer screens and cameras than the regular models, starting at $999 and $1,199, respectively. The company also said during the event the new iPhone 16 Pro Max has "the best iPhone battery life ever" but did not offer additional details.

Persons: Steve Jobs, Ming, Chi Kuo, Kuo, IP16, Apple, Max, — CNBC's Michael Bloom Organizations: Apple, Steve, TF Securities, Apple Intelligence, Apple Watch, Barclays, JPMorgan, Bank of America Locations: Cupertino , California, U.S, China, Australia, India

☆ Adobe shares fall 9% on weak fourth-quarter guidance
▼ + stars: | 2024-09-13 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange in New York City, Feb. 20, 2024. Shares of Adobe fell more than 9% on Friday, a day after the software company released third-quarter results that offered worse-than-expected guidance for the fourth quarter. Adobe reported $5.41 billion in revenue for the quarter, up 11% year over year and above the $5.37 billion expected by analysts according to LSEG. Analysts at Bank of America said Adobe reported results and outlook that were somewhat mixed but healthy overall. "No change to our positive view on Adobe," they wrote in a Friday note.

Persons: Shantanu Narayen, LSEG, Goldman Sachs, Adobe's, — CNBC's Michael Bloom, Kif Leswing Organizations: CNBC, New York Stock Exchange, Adobe, Bank of America, Microsoft, UBS Locations: New York City

☆ Goldman recommends these energy stocks to play the slump in crude oil
▼ + stars: | 2024-09-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The sharp slump in crude oil this month has driven down energy stocks, but the pullback also presents an opportunity for investors to gain exposure to some high-quality companies, according to Goldman Sachs. Crude oil futures rebounded somewhat Wednesday, but the U.S. benchmark and Brent are still down about 8.5% and 10.4%, respectively, in September. Wall Street analysts have an average stock price target of $139 on Conoco, implying upside of nearly 37% from Wednesday's close of $102.57 per share, according to FactSet data. The Street has an average price target of $18 on Talos, suggesting nearly 70% upside from Wednesday's close of $10.84 per share, according to FactSet. EQT has an average target price of $43, based on the Street consensus among analysts, representing a return of 31% from Wednesday's close of $32.88 per share, according to FactSet.

Persons: Goldman Sachs, Brent, Goldman, Neil Mehta, Mehta, Conoco, Tim Duncan, EQT, — CNBC's Michael Bloom Organizations: Brent, ConocoPhillips, Wall Street, Talos, EQT Locations: U.S, Wednesday's

☆ Trading the election: Watch these pro-Harris stocks as her odds rise following the debate
▼ + stars: | 2024-09-11 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Investors and Wall Street analysts may want to take a closer look at stocks that could be winners under a President Kamala Harris after Tuesday night's debate . National polls showed a tight race heading into the debate, but some now believe Harris could get a bump from her performance. "We expect a near-term bounce towards Vice President Harris following the first debate with former President Trump, but the longer-term impact remains unclear," Raymond James Washington analyst Ed Mills said in a note to clients late Tuesday night. Wolfe Research has a similar list of stocks in an anti-Trump trade basket, including health care stocks like Centene and HCA . Of course, it could be difficult for new Democratic policies to become law even with a Harris win in November, depending on how Congressional races shake out.

Persons: Kamala Harris, Donald Trump, Harris, Trump, Raymond James Washington, Ed Mills, Isaac Boltansky, Daniel Clifton, Strategas, Wolfe, — CNBC's Michael Bloom Organizations: Wall Street, Democrat, Walmart, Raytheon Technologies, Wolfe Research, Trump, UBS, Republicans, Democrats, Eaton Corp, Waste Management Locations: Democratic, Ukraine, Russia

☆ Super Micro shares fall 19% on filing delay, Hindenburg Research report
▼ + stars: | 2024-08-28 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Shares of Super Micro Computer closed down 19% on Wednesday, after the company announced it would not file its annual report for the fiscal year with the U.S. Securities and Exchange Commission on time. "SMCI is unable to file its Annual Report within the prescribed time period without unreasonable effort or expense," the company said in a release. Super Micro makes computers that companies use as servers for websites, data storage and other applications, including artificial intelligence algorithms. CNBC could not independently verify Hindenburg's claims. It is unclear if the delay in Super Micro's annual report is related to Hindenburg's findings.

Persons: SMCI, Hindenburg, — CNBC's Michael Bloom Organizations: Micro, U.S . Securities, Exchange Commission, Nvidia, AMD, Intel, Hindenburg Research, CNBC, JPMorgan, SEC

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