DIRS.INFO The most relevant business & tech news

☆ Broadcom is a best-in-class chip stock as A.I. drives earnings power, Bank of America says
▼ + stars: | 2023-06-07 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Broadcom continues to be a "best-in-class" buying opportunity as artificial intelligence drives earnings power, according to Bank of America. Analyst Vivek Arya reiterated a buy rating on Broadcom following a keynote address from CEO Hock Tan at Bank of America's Global Technology Conference. AVGO 1D mountain Broadcom shares 1-day Broadcom shares surged 41% this year. Arya highlighted the potential not only in Broadcom's semiconductors business, but also in its AI ethernet networking platform. "All-in, AI can help AVGO can drive roughly $47/$50+ in EPS by FY24/25E, and we see 5%-6% upside to long-term numbers of AI revenue targets are achieved (see latest June 1 earnings note)," the analyst said.

Persons: Vivek Arya, Hock Tan, Arya, — CNBC's Michael Bloom Organizations: Broadcom, Bank of America, Bank of America's Global Technology Conference

☆ Wells Fargo upgrades Warner Bros. Discovery, cites growing confidence in media company's debt reduction efforts
▼ + stars: | 2023-03-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

The risk-reward is improving for shares of Warner Bros. Shares of Warner Bros. WBD YTD mountain Warner Bros. Discovery shares so far this year Improvement within the company's direct-to-consumer business and consolidation should also provide upside potential ahead, Cahall said. "The new WBD is emerging with strong FCF, a tactical approach, greater command and control, and excellent HBO content," Cahall wrote.

☆ Here are Friday's biggest analyst calls: Apple, Nvidia, First Republic, Whirlpool, Meta, FedEx & more
▼ + stars: | 2023-03-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: JPMorgan upgrades Chubb to overweight from neutral JPMorgan said the insurance company is defensive. CFRA upgrade Whirlpool to buy from hold CFRA said in its upgrade of the stock that shares are attractive. Citi initiates Bumble as buy Citi said the dating app continues to take market share. Citi reiterates Nvidia as buy Citi said it's bullish on Nvidia's adoption of AI. Citi reiterates Meta as buy Citi said it likes Meta's improved operating leverage. "

☆ Bank of America reveals the most undervalued stocks on Wall Street, including this motorcycle giant
▼ + stars: | 2023-02-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

CNBC Pro combed through top Bank of America research to find the most undervalued stocks on Wall Street. The firm says its base case is that the already "undervalued" stock can re-rate from current levels. In addition, Harley's management team is executing well with electric vehicle motorcycles on the horizon and burgeoning international growth opportunities. The says it sees "asymmetrical upside potential" meaning that when peers in the sector go up, KKR shares could go even higher. Remain Buy for undervalued growth and pipeline with two launches worth 5bn euros peak in 23E.

☆ Here are Tuesday's biggest analyst calls: Apple, Disney, Meta, Alphabet, Tyson Foods, Target & more
▼ + stars: | 2023-02-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Tuesday's biggest calls on Wall Street: Citi reiterates Disney as buy Citi said it's bullish heading into Disney earnings Wednesday. Goldman Sachs downgrades Tyson Foods to neutral from buy Goldman downgraded the poultry company after its earnings report on Monday and said it sees cyclical headwinds for Tyson. Jefferies reiterates Target as buy Jefferies said it sees "comp sales upside" ahead for Target. Wells Fargo initiates iRhythm Technologies as overweight Wells initiated the digital health care cardio company and said it sees upside and share gains. Goldman Sachs reiterates Pinterest as buy Goldman said it's standing by shares of Pinterest after its earnings report on Monday.

☆ Goldman Sachs adds Alibaba to conviction buy list, says shares can rise more than 25%
▼ + stars: | 2023-01-09 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The outlook for Alibaba has improved in 2023 as China reopens, according to Goldman Sachs. Analyst Ronald Keung added the stock to his conviction buy list, saying Alibaba is the best way to play a rebound in the China internet sector. Shares of Alibaba tumbled 25% in 2022, and roughly 49% in 2021, as China's stringent Covid policies during the pandemic dampened investor sentiment on the stock. Still, the stock is up more than 21% a little more than a week into 2023, and the analyst expects further upside. The company's shares are up more than 4% in the premarket Monday.

☆ Here are Monday's biggest analyst calls: Apple, Tesla, Amazon, Netflix, Alibaba, Meta, Uber & more
▼ + stars: | 2023-01-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: Bernstein reiterates Apple as market perform Bernstein said it's concerned about disappointing iPhone revenues for Apple. Guggenheim upgrades AutoZone to buy from neutral Guggenheim said it sees "operational improvement" for the auto parts retailer. KeyBanc upgrades Visa and Mastercard to overweight from sector weight KeyBanc upgraded several credit card stocks on Monday and said it sees "growth durability." "Bank stocks face another year of uncertainty with revenue forecasts challenged, provisions for credit on the rise, and capital return mostly sidelined ahead of a recession." Bank of America names Ferrari a top 2023 pick Bank of America said the luxury car company has pricing power.

☆ Credit Suisse calls this group the ultimate 'refuge from stormy seas' with a recession ahead
▼ + stars: | 2022-11-18 | by ( John Melloy | ) www.cnbc.com time to read: +2 min

The firm said investors still need to be selective in the space, however, naming two top ideas in Merck and AbbVie . Credit Suisse says U.S. pharma as a group is trading at a price-earning ratio of 16 times to 17 times while defensive sectors utilities and consumer staples have 18-20 P-E ratios, on average. For AbbVie, it sees 11% upside from here, noting it has the "highest dividend yield among peers." "As such, we believe large-cap biopharma should remain a solid outperformer in the coming months, with portfolios requiring diversity in the defensive names. If markets rally on further clarity, we see our higher-growth names, such as Eli Lilly, being insulated from the rotation away from defensives and back into growth names."

☆ Credit Suisse downgrades Charles Schwab, says there is limited upside from here
▼ + stars: | 2022-11-01 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Investors can expect limited upside in Charles Schwab looking ahead to 2025, according to Credit Suisse. Analyst Bill Katz downgraded Charles Schwab to neutral from outperform, saying the stock is trading at a fair value after its outperformance this year. Charles Schwab shares are down just 5% this year, better than the near 19% decline in the S & P 500. The analyst's $84 price target, up from $80 previously, represents a little more than 5% upside from Monday's closing price. Meanwhile, the firm has resolved its cash sorting angst, which refers to the practice when some clients move cash out of investment funds into money funds.

Search resuls for: "25e"

9 mentions found