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☆ These underperforming stocks are due for a fourth-quarter comeback, according to Wall Street
▼ + stars: | 2023-10-03 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

After a rocky third quarter, these stocks could be poised for a bounce back in the final stretch of 2023, according to Wall Street. Stocks struggled over the last three months as yields rose , 2023's popular technology trade hit a wall and the Federal Reserve indicated that rates may stay elevated for longer . Amid this backdrop, CNBC Pro screened for underperforming stocks that may be due for a comeback in the fourth quarter. MSFT 3M mountain Microsoft shares over the last three months Wall Street sees more upside ahead for both companies even after surging this year on enthusiasm surrounding the technology. A handful of cruise stocks that have struggled in recent weeks amid the jump in fuel prices also made the cut.

Persons: Stocks, Pultegroup, — CNBC's Michael Bloom Organizations: Federal Reserve, Nasdaq, CNBC Pro, Microsoft, AMD, Carnival, Cruise Line, Royal, Entertainment, Oracle, Netflix Locations: Royal Caribbean

☆ Carnival's fuel costs overshadow better annual forecast on cruise boom
▼ + stars: | 2023-09-29 | by ( Juveria Tabassum | ) www.reuters.com time to read: +3 min

The Carnival cruise ship Sunrise is seen docked at Miami Port, in Miami, Florida, U.S., June 18, 2022. Unlike other major cruise operators, Carnival does not hedge against volatility in oil prices. The company was "not thinking" about fuel hedging at this point, CFO David Bernstein told Reuters in an interview. Instead, to reduce the fuel burn, Carnival was looking at fuel optimization technologies and enhancing itineraries, Bernstein added. CRUISE DEMAND THRIVESCruise operators have benefited from pent-up travel demand following the pandemic and travelers looking for better vacation deals.

Persons: Marco Bello, Morningstar, Jaime Katz, David Bernstein, Bernstein, Alex Brignall, Joshua Weinstein, Carnival, Juveria Tabassum, Devika Syamnath, Shweta Agarwal Organizations: Miami Port, Rivals, Cruise Lines, Royal, Reuters, Thomson Locations: Miami , Florida, U.S, Royal Caribbean, Atlantic

☆ Carnival trims loss forecast as strong cruise demand cushions fuel hit
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

The Carnival cruise ship Sunrise is seen docked at Miami Port, in Miami, Florida, U.S., June 18, 2022. Still, its shares fell about 4.7% as Carnival forecast an unfavorable net impact of $130 million in the fourth quarter from higher fuel prices and unfavorable currency exchange rates. Unlike other major cruise operators, Carnival does not hedge against volatility in oil prices. Carnival posted third-quarter profit of $1.07 billion, or 79 cents per share, compared with a loss of $770 million, or 65 cents per share, a year earlier. Its quarterly revenue of $6.9 billion beat estimates of $6.69 billion, according to LSEG data, and also hit a record high.

Persons: Marco Bello, David Bernstein, Alex Brignall, Carnival, Juveria Tabassum, Devika Organizations: Miami Port, Cruise, Cruise Lines, Royal, Thomson Locations: Miami , Florida, U.S, Royal Caribbean, Atlantic

☆ Carnival trims annual loss forecast on high demand, ticket prices
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

The Carnival cruise ship Sunrise is seen docked at Miami Port, in Miami, Florida, U.S., June 18, 2022. Unlike other major cruise operators, Carnival does not hedge against volatility in oil prices. Cruise operators, therefore, have a lot of room to hike prices and still stay cheaper than land vacations. Carnival posted third-quarter profit of $1.07 billion, or 79 cents per share, compared with a loss of $770 million, or 65 cents per share, a year earlier. Carnival now expects annual loss per share between 12 cents and 4 cents, compared with its previous forecast for a loss between 20 cents and 8 cents.

Persons: Marco Bello, Juveria Tabassum, Devika Organizations: Miami Port, Cruise Lines, Royal, Redbrun, Cruise, Thomson Locations: Miami , Florida, U.S, Royal Caribbean

☆ Despite all the gloom, we're buyers going into next week. These 3 things are on our radar
▼ + stars: | 2023-09-23 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

It was another downer of a week on Wall Street with all three major averages posting steep losses despite a bounce back on Friday. The S & P 500 and the technology-heavy Nasdaq fell 2.3% and 2.9% this week, respectively, while the Dow Jones Industrial Average lost 1.5%. Federal Reserve: The central bank signaled this week that it was planning to keep rates higher for longer to beat down inflation. ET: Personal consumption expenditure Before the bell: Carnival (CCL) (See here for a full list of the stocks Jim Cramer's Charitable Trust is long.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: downer, Jim Cramer, carmakers, hasn't, Jim, " Cramer, Stanley Black, Decker, Jim Cramer's, Ferguson, SYNNEX, HB Fuller, Jabil, Cramer's, Emily Elconin Organizations: Nasdaq, Dow Jones Industrial, Federal Reserve, Republican, Democratic, UAW, Big, United Auto Workers union, General Motors, Club, Ford, Fed, Stanley, Jim Cramer's Charitable, Costco, Citi, Meta, Industries, Cintas, Natural Foods, Micron Tech, Concentrix Corp, Worthington, Gross, Accenture, BlackBerry, Vail Resorts, MTN, CNBC, United Auto Workers, Stellantis NV, Bloomberg, Getty Locations: SWK, Stellantis NV Toledo, Toldeo , Ohio

☆ Here are Tuesday's biggest analyst calls: Arm, Apple, Nvidia, Starbucks, CVS, Planet Fitness and more
▼ + stars: | 2023-09-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Evercore ISI upgrades CVS to outperform from in line Evercore ISI said in its upgrade of the drugstore chain that the stock is attractive. Daiwa upgrades Dell to outperform from hold Daiwa said in its upgrade of Dell that "AI is starting to kick in." JPMorgan downgrades Planet Fitness to neutral from overweight JPMorgan downgraded Planet Fitness due to leadership changes and "ongoing systemic challenges." TD Cowen reiterates Nvidia as outperform TD Cowen said it's even more bullish on the stock after attending a recent conference. TD Cowen downgrades Starbucks to market perform from outperform TD Cowen said in its downgrade of the coffee giant that it's concerned about China pressures.

Persons: Goldman Sachs downgrades Lazard, Goldman Sachs, Truist, Daiwa, Chris Rondeau —, —, TD Cowen, Cowen, it's, Raymond James, downgrades Deere, KeyBanc Organizations: Barclays, CVS, Dell, Holdings, JPMorgan, Nvidia, Technology, Apple, Micron, Citi, GE Healthcare, GE, General Electric, " Bank of America, Bank of America, China SSS, Evercore, Deere Locations: Royal Caribbean, China

☆ These are the hottest S&P 500 stocks of the summer. Where analysts see them going next
▼ + stars: | 2023-08-21 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

It has been a good summer for the S & P 500 , even when accounting for the August slump. This summer has brought another quarterly earnings season , one interest rate hike and one skip , plus some renewed banking fears. Shares have given up some of the summer gains in August, putting the stock on trend with the broader market's move. Slightly less than one out of every two analysts rate the stock a buy. About three-fifths of analysts rate the stock a buy, with the average price target implying shares could rise more than 6% over the next year.

Persons: FactSet, John Staszak, Jake Fuller, Fuller, — CNBC's Michael Bloom, Fred Imbert Organizations: CNBC Pro, Argus Research, CCL, Labor, Petroleum Locations: FactSet

The logo of the company Royal Caribbean is seen on the 'Wonder of the Seas' cruise ship, the world’s largest cruise ship, docked at a port in Malaga, southern Spain, April 30, 2022. Cruise operators lowered prices to lure passengers onboard following the pandemic, banking on onboard spending that has now reached record levels. Onboard spending in the second quarter rose 49.9% for Norwegian Cruise Lines (NCLH.N), compared with the same period in 2019, before the pandemic. Onboard spending rose about 36.8% for Royal Caribbean Cruises and 17.2% for Carnival in the same period. Carnival and Royal Caribbean said the percentage of guests who were new to cruising surpassed 2019 levels.

Persons: Jon Nazca, Patrick Scholes, Josh Weinstein, Bob Levinstein, Cruise, Carnival's Weinstein, Jason Liberty, Brandt Montour, Granth, Anil D'Silva Organizations: Royal, REUTERS, Royal Caribbean Cruises, Carnival Corp, Carnival, Cruise, Norwegian Cruise Lines, DISNEY WORLD, Walt Disney, Custom Travel, Reuters Graphics, Cruise Lines International, . Carnival, Barclays, Thomson Locations: Royal Caribbean, Malaga, Spain, U.S, Caribbean, Orlando , Florida, They've, Bengaluru, Doyinsola, New York

☆ Susquehanna downgrades Norwegian Cruise Line, says post-Covid recovery has a long way to go
▼ + stars: | 2023-08-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Susquehanna said it's "setting sail" on Norwegian Cruise Line . The firm downgraded its rating on Norwegian Cruise Line shares to neutral from positive. To be sure, Stathoulopoulos highlighted various enterprise initiatives and efforts toward changing the company's core culture. He added that the company is "leaving no stone unturned" toward cost-cutting measures across the board. "While we view NCLH's 'soft' long-term plan as strategically sound, absent a more formal or explicit long-term guide … and given lingering macro uncertainty, we see better risk/reward in peer [Royal Caribbean]," Stathoulopoulos added.

Persons: Susquehanna, NCLH RCL, Christopher Stathoulopoulos, Harry Sommer, Stathoulopoulos, — CNBC's Michael Bloom Organizations: Cruise Line, Royal, Cruise Locations: —, Caribbean

The Norwegian Pearl cruise ship is seen docked at Miami port, after Norwegian Cruise Line Holdings Ltd cancelled sailings amid rising fears of Omicron-related coronavirus infections, in Miami, Florida, U.S. January 5, 2022. Rival Royal Caribbean (RCL.N) last week forecast an upbeat third-quarter profit as well as lifted its annual profit expectations. Norwegian Cruise forecast its annual adjusted EBITDA, a key measure of profitability, between $1.85 billion and $1.95 billion, up from $1.80 billion to $1.95 billion previously. Despite undertaking price hikes on its itineraries, Norwegian Cruise has been bogged down by inflation and higher labor costs. Rival Carnival (CCL.N) has also forecast third-quarter profit below estimates on higher costs.

Persons: Marco Bello, Patrick Scholes, Royal, Harry Sommer, Norwegian's, Granth, Shinjini Organizations: Cruise Line Holdings Ltd, REUTERS, Reuters, Cruise, Royal, Truist Securities, Norwegian Cruise, Thomson Locations: Norwegian, Miami, Miami , Florida, U.S, Royal Caribbean, Bengaluru

☆ Norwegian Cruise projects third-quarter profit below estimates as costs bite
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

Aug 1 (Reuters) - Norwegian Cruise Line (NCLH.N) forecast third-quarter profit below estimates on Tuesday as higher costs offset its gains from pent-up demand for leisure travel and raised ticket prices, sending its shares down about 10% before the bell. Despite undertaking price hikes, higher costs and spiraling marketing expenses have eroded the benefits of a recent resurgence in demand from affluent customers. Rival Carnival (CCL.N) has forecast third-quarter profit below estimates, signalling that rising marketing and labor costs were eating into its gains from higher ticket prices and steady demand. Norwegian Cruise expects third-quarter adjusted profit of 70 cents per share, compared with analysts' average estimate of 79 cents, according to data from Refinitiv. However, the cruise operator expects full-year adjusted profit of 80 cents per share, compared with its earlier forecast of 75 cents.

Persons: Granth, Shinjini Organizations: Cruise, Carnival, Royal Caribbean Cruises, Norwegian Cruise, Thomson Locations: Russia, Ukraine, Norwegian, Refinitiv, Bengaluru

Analysts point to receding recession concerns and the prospect of a less aggressive policy stance from the U.S. Federal Reserve as factors fuelling hopes for a broader market rally. The second quarter earnings season has started positively for cyclical sectors, with over a quarter of the global companies announcing their results so far, Refinitiv Eikon data showed. "The upcoming earnings season has the potential to broaden the rally for sure. However, there are plenty of laggards especially in cyclical sectors such as financials and consumer discretionary, which are available at attractive valuations, analysts say. Over the past month, the communication services, mining and financial sectors have all posted about 5% gains, outpacing the tech sector's modest 2% rise.

Persons: Puneet Singh, Singh, Alastair Pinder, Derek Izuel, Patturaja Murugaboopathy, Noel Randewich, Vidya Ranganathan, Alison Williams Organizations: U.S . Federal Reserve, Reuters, Societe Generale, Carnival Corp, Equity, Nasdaq, Intelligence, Royce, Reuters Graphics Reuters, HSBC Research, Shelton Capital Management, Thomson Locations: U.S, Singapore, Asia, Europe, California

☆ Wall St sees bargains and lure of Europe buoying cruise, hotel earnings
▼ + stars: | 2023-07-24 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +4 min

Passenger ticket and onboard spending revenue is expected to increase 66% and 36%, respectively. Cabin bookings in the second quarter were up 58% compared to this time last year. For Carnival, booking volumes in the second quarter were 17% higher than in 2019, Carnival CEO Josh Weinstein told investors in June. Meanwhile, investors will be watching if record nightly rates for on-shore accommodations can offset revenue in the second quarter. Hotel and short-term rental rates were about 18% and 35% more expensive in the second quarter than in 2019, according to analytics firms CoStar and AirDNA.

Persons: Brandt Montour, McKinsey, Sylvia Jablonski, Patrick Scholes, Josh Weinstein, AirDNA, Hilton, Doyinsola Oladipo, Granth, Susan Heavey Organizations: YORK, Investors, Hilton Worldwide Holdings, Royal Caribbean Cruises, Barclays, Royal, Carnival Corp, Cruise Line Holdings, Airlines, Cruises, Cruise, Truist Securities, Thomson Locations: Europe, United States, AirDNA . U.S, Asia, New York, Bangalore

☆ Top Wall Street analysts favor these stocks for the long haul
▼ + stars: | 2023-07-09 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. In line with his investment thesis, Setyan reaffirmed a buy rating on the stock with a price target of $123. He explained that his price target reflects a premium valuation, which is "appropriate given our expectation of accelerating market share gains within casual dining for the foreseeable future." Feinseth reaffirmed a buy rating on CCL and boosted his price target to $23 from $13. Accordingly, he reiterated a buy rating and increased the price target to $490 from $365.

Persons: Sanjay Mehrotra, Micron Scott, Wall, Goldman Sachs, Toshiya Hari, Micron's, Hari, Nick Setyan, Setyan, Ivan Feinseth, Feinseth Organizations: Micron, Micron Scott Mlyn, CNBC, Nasdaq, Cyberspace Administration, Tigress, CCL Locations: China, TipRanks, Texas, MDB

Only a handful of companies are responsible for most of the index's gains thus far, including the likes of Nvidia (NASDAQ: NVDA ), Meta (NASDAQ: META ) and Tesla (NASDAQ: TSLA ). The good news is market breadth improved beginning in late May and leadership has expanded to include cyclical sectors and industries. Still, these firms have become so expensive relative to the broader market that some analysts have recently begun downgrading them. More from Personal Finance:As July 4 motorists kick off summer travel, how to save on gasWhat to know about your rights as an air travelerHow travelers are booking vacations amid inflationOne place to start could be cruise companies: Carnival Cruise Line (NYSE: CCL ), Norwegian Cruise Line (NYSE: NCLH ) and Royal Caribbean International (NYSE: RCL ). Perhaps no other industry took it on the chin as hard during the pandemic, which halted sailings for months.

Organizations: NASDAQ, Nvidia, Meta, Tesla, Finance, NYSE, Cruise Line, Royal Caribbean International

It helped that Treasury yields fell in response to cooling inflation, said Burns McKinney, portfolio manager at NFJ Investment Group in Dallas, Texas. The Fed might have a better-than-we-thought shot of threading the needle and cooling inflation without killing the economy in the process," said McKinney. The Nasdaq 100 index (.NDX) of top technology stocks boasted its biggest first half gain on record, adding around 39%. For the week, the S&P 500 added 2.35% while the Nasdaq added 2.20% and the Dow climbed 2.02%. For the quarter, the S&P 500 added 8.3% while the Nasdaq climbed 12.8% and the Dow rose 3.4%.

Persons: Burns McKinney, McKinney, Brendan McDermid, Dow, Russell, Hawkish, Jerome Powell, Jefferies, Sinéad Carew, Sruthi Shankar, Johann M Cherian, Shashwat Chauhan, Shinjini Ganguli, David Gregorio Our Organizations: Apple, Nasdaq, Dow, Apple Inc, Investors, Federal Reserve, Commerce Department, April's, NFJ Investment, Dow Jones, Reuters Graphics Traders, New York Stock Exchange, REUTERS, Microsoft, Nvidia, Nike Inc, Carnival Corp, Thomson Locations: Dallas , Texas, New York City, U.S, New York, Bengaluru

Investors perked up on signs of cooling U.S. inflation from measures that are closely watched by the Federal Reserve. Excluding volatile food and energy, the core PCE index gained 0.3%, down from 0.4% in the previous month. It helped that Treasury yields fell in response to cooling inflation, said Burns McKinney, portfolio manager at NFJ Investment Group in Dallas, Texas. The Fed might have a better-than-we-thought shot of threading the needle and cooling inflation without killing the economy in the process," said McKinney. The CBOE Market Volatility Index (.VIX), Wall Street's fear gauge, earlier slipped to a one-week low at 12.96 points.

Persons: Apple, Burns McKinney, McKinney, Russell, Hawkish, Jerome Powell, Jefferies, Sinéad Carew, Sruthi Shankar, Johann M Cherian, Shashwat Chauhan, Shinjini Ganguli, David Gregorio Our Organizations: Nasdaq, Apple Inc, Investors, Federal Reserve, Commerce Department, April's, NFJ Investment, Dow Jones, Reuters, Microsoft, Nvidia, Nike Inc, Carnival Corp, Thomson Locations: Dallas , Texas, U.S, New York, Bengaluru

☆ Futures rise ahead of inflation data
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +3 min

SummarySummary Companies Nike slides after downbeat Q1 sales outlookApple up as Citigroup starts coverage with "buy"May PCE data due at 8:30 a.m. "The backdrop for equities is still no recession, inflation is sticky and financial conditions are still loose. "Key risks ahead for U.S. equities remain potential expanded export controls on AI chips and the upcoming Q2 earnings season." The Fed's preferred inflation gauge, the Personal Consumption Expenditure index (PCE) for May, will be released at 8:30 a.m. Adobe (ADBE.O) slipped 0.8% after UK's competition regulator ordered a second round of review of its deal to buy Figma.

Persons: Jerome Powell, Peter Garnry, Jefferies, Sruthi Shankar, Johann M, Shinjini Organizations: Nike, Apple, Citigroup, Dow, Federal Reserve, Saxo Bank, Nasdaq, Reuters, Traders, Dow e, Nike Inc, Apple Inc, Carnival Corp, Thomson Locations: U.S, North America, Bengaluru

Helped by gains in Apple, technology stocks (.SPLRCT) rose 1.6% and led advance among the 11 major S&P 500 sectors. Excluding the volatile food and energy components, the PCE price index gained 0.3%, down from 0.4% in the previous month. Despite a recent streak of losses, the three main U.S. indexes were on course to end June and the second quarter on a high note as investors expect the Fed's aggressive tightening will not derail the U.S. economy. The CBOE Market Volatility Index (.VIX), Wall Street's fear gauge, slipped to a one-week low at 13.48 points. The S&P index recorded 67 new 52-week highs and no new lows, while the Nasdaq recorded 76 new highs and 24 new lows.

Persons: we're, Peter Andersen, Jerome Powell, Jefferies, Sruthi Shankar, Johann M Cherian, Shashwat Chauhan, Shinjini Organizations: Nike, Apple, Dow, Nasdaq, Apple Inc, Commerce Department, Andersen Capital Management, Traders, Dow Jones, Treasury, Nike Inc, Carnival Corp, NYSE, Thomson Locations: Boston, U.S, Bengaluru

☆ This cruise line stock can rally another 45% after more than doubling to start the year, Jefferies says
▼ + stars: | 2023-06-30 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Analyst David Katz upgraded Carnival to buy from hold, saying Friday the cruise line operator is benefiting from a number of changes that improves its outlook. CCL 1D mountain Carnival shares 1-day "Despite the strong YTD performance, we believe the journey from a good trade to long-term investment case remains ahead," Katz wrote. Carnival shares more than doubled this year amid a broader rally for cruise line stocks. Carnival shares rose 2% in the premarket. The firm's leadership is also ramping up sales and marketing efforts to drive demand.

Persons: Jefferies, David Katz, Katz, — CNBC's Michael Bloom Organizations: CCL, TAM

☆ These were the top 10 performing stocks in the S&P 500 in the first half of 2023
▼ + stars: | 2023-06-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks have surged in 2023, with the S&P 500 entering a new bull market after a difficult 2022. These were the top 10 performing S&P 500 stocks in the first half of 2023. Much of the gains have been driven by hype around artificial intelligence, but the top 10 performing stocks aren't only tech names. From home builder companies to cruise line operators, these were the top 10 performing S&P 500 stocks in the first half of 2023. Royal Caribbean CruisesThe Blaster, Royal Caribbean Cruise Ships Royal Caribbean PressTicker: RCLYear-to-date gain: 105.5%4.

Persons: —, Hussein Faleh, Jenn Austin, Lisa Su Steve Marcus, Tesla Tesla, Nvidia Jensen Huang, Rick Wilking Organizations: Service, Nasdaq, General Electric General Electric, GE, Cruise, Reuters, Palo Alto, Royal Caribbean Cruises, Royal Caribbean Cruise Ships Royal Caribbean Press, Carnival Corporation, Nvidia, CES Locations: Las Vegas , Nevada, U.S

☆ Top things to watch in the stock market Friday ahead of July 4 week
▼ + stars: | 2023-06-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Citi initiates coverage with a buy rating and a $240-per-share price target, which puts the stock at 30 times fiscal year 2025 earnings-per-share (EPS) estimates. Jefferies upgrades Carnival (CCL) to a buy rating and increases its price target to $25 per share from $9. 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: Dow, it's, Bausch, Brent Saunders, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Dow, Apple, Citi, Nike, JPMorgan, Nice, Modelo, Constellation Brands, Jefferies, Novartis, Troubled, Bausch Health, Mastercard, Jim Cramer's Charitable, CNBC Locations: Corona

☆ Carnival and this power generator stock led the S&P 500 higher in the final week of June
▼ + stars: | 2023-06-30 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The three major indexes are on pace to finish the week more than 2% higher. A crop of rallying stocks helped drive the market higher despite investors taking some profits earlier in the week in anticipation of the new quarter. Here are the 10 best performers in the S & P 500 this week, as of shortly after Friday's opening bell. Carnival was the best-performing stock on the list, up 15.8% so far this week. CFRA Research analyst Ashman Razak downgraded the stock to hold from buy earlier this week, while Jefferies' David Katz upgraded shares to buy from hold Friday.

Persons: Friday's, Ashman Razak, Jefferies, David Katz, " Katz, Generac, Aaron Jagdfeld, —, Fred Imbert Organizations: Wall, CFRA, Cruise, Bloomberg Locations: Texas

☆ Here are Wednesday's biggest analyst calls: Delta, Netflix, Pinterest, Nvidia, Pepsi, Deere, Nike and more
▼ + stars: | 2023-06-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs reiterates Snowflake as buy Goldman said it's standing by its buy rating after the company's investor day. JPMorgan reiterates Pepsi as overweight JPMorgan said Pepsi is a "safe haven" heading into earnings in July. Wells Fargo upgrades Pinterest to overweight from equal weight Wells Fargo said it sees "above-consensus revenue growth" for Pinterest. Deutsche Bank downgrades Walgreens to hold from buy Deutsche Bank downgraded the stock after its disappointing earnings results earlier this week. Deutsche Bank initiates Western Alliance as hold Deutsche Bank said the regional bank's "funding pressures persist."

Persons: Goldman Sachs, Goldman, Snowflake, it's, Wells, Wells Fargo, Daiwa downgrades Uber, EBITDA, Deere, Canaccord, Oppenheimer, Morgan Stanley, CarMax, Needham, CFRA, KeyBanc Organizations: Nvidia, JPMorgan, Pepsi, Nike, Netflix, Deutsche Bank, Walgreens, RBC, Western Alliance, KMX, Delta, Barclays, Bank of America, Old Dominion, of America, Dominion, ZoomInfo Technologies, Lincoln, EV Locations: China, NVDA, Canada, Old

Adding to uncertainty was the start of the second quarter's final week on Monday, weeks ahead of the financial reporting season. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2022. But Carnival (CCL.N) slumped 7.6% after the cruise operator forecast third-quarter earnings below Wall Street expectations. The S&P 500 posted 18 new 52-week highs and two new lows; the Nasdaq Composite recorded 53 new highs and 154 new lows. On U.S. exchanges 9.28 billion shares changed hands compared with the 11.62 billion average for the last 20 sessions.

Persons: Tesla, Aston Martin, Vladimir Putin's, Putin, Jerome Powell, Carol Schleif, they've, Schleif, Chris Zaccarelli, Zaccarelli, Brendan McDermid, Powell, Goldman Sachs, UK's Aston Martin, decliners, Sinéad Carew, Sruthi Shankar, Johann M, Shinjini Ganguli, Richard Chang Organizations: Pfizer, Aston, Dow, Nasdaq, Monday, U.S . State Department, Meta Platforms Inc, Inc, Tesla Inc, BMO, Investors, Independent, Alliance, Dow Jones, New York Stock Exchange, REUTERS, University of, Pfizer Inc, UBS, Ares Management, NYSE, Thomson Locations: Russia, Minneapolis, Charlotte, North Carolina, New York City, U.S, New York, Bengaluru

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