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Broadcom is another AI stock down on the back of Oracle's quarter. For the full year, Citi expects Broadcom's AI sales to grow to $15 billion in fiscal 2025 from $12 billion this year — a projection that looks light compared with other analysts. 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: Jim Cramer, Eaton, Donald Trump, Morgan Stanley, we'll, Buster's, Macy's, Jensen Huang, Jim, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Google, Oracle, Nvidia, Walgreens Boots Alliance, Street Journal, Sycamore Partners, Club, Broadcom, Microsoft, Citi, JPMorgan, VMWare, GameStop, Traders, Jim Cramer's Charitable Locations: Wells Fargo

☆ 'A Knight of the Seven Kingdoms,' the latest 'Game of Thrones' prequel, is coming in 2025. Here's what to know about it.
▼ + stars: | 2024-12-09 | by ( Eammon Jacobs | Palmer Haasch | ) www.businessinsider.com time to read: +5 min

"A Knight of the Seven Kingdoms" takes place between the main series and "House of the Dragon." Here's what you need to know about "A Knight of the Seven Kingdoms." Advertisement'A Knight of the Seven Kingdoms' is about Dunk and EggPeter Claffey as Ser Duncan the Tall in "A Knight of the Seven Kingdoms." Should Martin release these in the future, HBO could easily turn "A Knight of the Seven Kingdoms" into a longer-running series. 'A Knight of the Seven Kingdoms' will premiere in late 2025In March 2024, Warner Bros. CEO David Zaslav confirmed to investors that "A Knight of the Seven Kingdoms" would start streaming on Max in "late 2025," IGN reported.

Persons: George R, Martin, Ser Duncan, Peter Claffey, Duncan, Francesca Orsi, David Zaslav, JB Perrette, Dexter Sol Ansell, Finn Bennett, Prince Aerion Targaryen, Daniel Ings, Lyonel, Sam Spruell, Maekar, Bertie Cavel, Baelor Targaryen, Tanzyn Crawford, Henry Ashton, Ashton, Edward Ashley, Ser Steffon Fossoway, Daniel Monks, Ser Manfred Dondarrion, Youssef Kerkour, Steely Pate, Tom Vaughan, Lawlor, Plummer, Shaun Thomas, Raymun, Danny Webb, Ser, Egg Dexter Sol Ansell, Dunk Organizations: HBO, YouTube, Aegon, Warner Bros, IGN, Variety, Kingdoms, Entertainment, YouTube HBO Locations: Winterfell, Derry

☆ Wells Fargo FX strategist on outlook for the Korean Won and currency trade ideas
▼ + stars: | 2024-12-09 | 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 EmailWells Fargo FX strategist on outlook for the Korean Won and currency trade ideasChidu Narayanan of Wells Fargo says that the risks are for a much higher Won given the political instability as well as the strong U.S. dollar, and shares some currency pairs they are watching given the lack of risk that the FX market is pricing in.

Persons: Chidu Narayanan, Wells Fargo Organizations: Wells, FX, Korean Won

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Rivian, AMD, Broadcom, Charles Schwab, PayPal & more
▼ + stars: | 2024-12-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Here are Monday's biggest calls on Wall Street: Bank of America downgrades Advanced Micro Devices to neutral from buy Bank of America said it's concerned about market share gain potential slowing. Deutsche Bank initiates First Citizens as buy Deutsche Bank said it has a favorable long term view of the commercial banking company. Bank of America upgrades PayPal to buy from neutral The firm said the stock is a turnaround story. Bank of America downgrades Capital One to neutral from buy Bank of America said the Trump trade has played out for Capital One. Bank of America upgrades TaskUs to buy from neutral Bank of America said the outsourcing company is "best in class."

Persons: it's, Morgan Stanley, Goldman Sachs, Goldman, it's bullish, Robinson, Wells, Bernstein, JD …, Jefferies, McCormick, Biogen, Morgan, director's, JEF, OW, TD Cowen, Blackstone, Charles Schwab, Robinhood, Schwab, HOOD, Trump, SOFI, Truist, Tesla, Deutsche, Roth Organizations: Bank of America, Devices, AMD, Holdings, UBS, ELAN, Deutsche Bank, Citizens, First Citizens, JPMorgan, Broadcom, VMWare, Citi, Morgan Stanley downgrades Bank of America, Morgan Stanley, Bank, New York Mellon, Cap Bank, Blackstone, Barclays, " Bank of America, PayPal, Capital, COF, of America, Newell Brands, Nokia, Telecom Locations: China, C.H, Real, robotaxi

☆ Here are 4 things we’re watching in the stock market in the week ahead
▼ + stars: | 2024-12-08 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Technology stocks stood tall in the first week of December trading, helping the S & P 500 and Nasdaq Composite finish Friday's session at record closing highs. The S & P 500 closed nearly 1% higher. .IXIC .SPX 1M mountain The Nasdaq Composite versus the S & P 500 over the past month. Salesforce and Broadcom contributed to the S & P 500's technology sector being one of three to finish the week in positive territory, adding 3.4%. The remaining eight sectors in the S & P 500 ended the week lower, led to the downside by energy, utilities, and materials.

Persons: Brian Thompson, Dow Jones, —, Salesforce, Apple, we'll, they'll, Jerome Powell's, LSEG, we're, We're, Morgan Stanley, OLLI, Buster's, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Nasdaq, Dow Jones, UnitedHealth, Dow, Federal, Commerce, Broadcom, Bloomberg, Apple, Tech, Tesla, Amazon, Netflix, Club, PPI, Costco, VMWare, Toll, Casey's, Academy Sports, Brands, GameStop, CNBC, Getty Locations: New York City, U.S, Wells, New York

At 4.1%, the unemployment rate remains historically low. (For context: The unemployment rate never dropped below 5% in the 1970s or the 1980s.) Expectations were for the unemployment rate to have climbed from 4.1% to 4.2%, with 214,000 jobs added. “With the current jobs market cooling down quite a bit from the Great Resignation, and with inflation, people don’t feel secure making the leap” to new roles, Wigert said. Not all economists agree that the U.S. labor market is experiencing unusual tensions — and what frictions do exist have, in certain cases, immediately identifiable causes.

Persons: Dan Hevia, ” Hevia, Hevia, “ I’m, ”, Guy Berger, “, ” Berger, what’s, Gallup, Ben Wigert, Wigert, they’re, Kamala Harris, Donald Trump, Harris, Trump’s, Wells, Goldman Sachs, Thomas Ryan Organizations: New, NBC News, Labor Statistics, of Labor Statistics, Glass, Gallup, ”, Biden, Trump, Capital Economics, Vanguard, “ Locations: New York City, U.S

☆ CNBC Daily Open: U.S. exceptionalism seems difficult to dislodge for now
▼ + stars: | 2024-12-06 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

In this article .HSI.NSEI.SPX.DJI.IXICBTC.CM= Follow your favorite stocks CREATE FREE ACCOUNTThe New York Stock Exchange on November 21, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. "It is hard to see an end to US exceptionalism any time soon, which we think remains the playbook into 2025." November's jobs report, out later today, will give investors more insight into whether U.S. economic and financial growth can continue racing forward.

Persons: IXIC, Michael M, Scott Wren, MAGA, —, Jesse Pound, Lisa Kailai Han, Sean Conlon Organizations: New York Stock Exchange, Santiago, Getty, CNBC, Deutsche Bank, Barclays, Atlanta Federal Reserve Locations: New York City, U.S, Wells Fargo, Europe, France

The best credit cards for travel include airline credit cards, hotel credit cards, and travel rewards credit cards. You can also get credit cards for small business use, or consider starter credit cards and student credit cards if you're new to credit. Pairing with travel rewards cards — Several major issuers, including Chase, American Express, Wells Fargo, and Citi, let cardholders combine rewards between cash-back credit cards and travel rewards credit cards. Pros and cons of cash back credit cardsCash-back credit cards have their pros and cons, as we've already seen thus far. Cash-back credit cards often offer fewer perks, smaller welcome bonuses, and limited redemption opportunities compared to travel rewards credit cards.

Persons: Wells, Cash, Cardholders, you'd, — Cash, Chase, shouldn't, you've Organizations: Business, Citi, Wells, Bank of America, Bank of America loyalists, American Express, American, Amazon.com, Visa, Amazon Locations: Wells, Wells Fargo, Rakuten

☆ Baby boomers were hit hardest by inflation last year. Here's what they buy compared to younger Americans.
▼ + stars: | 2024-12-05 | by ( Juliana Kaplan | Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

AdvertisementBaby boomers were hit the hardest by inflation in 2023, driven by rising healthcare costs. Healthcare costs outpaced overall inflation, and they make up a greater share of boomers' budgets compared to younger Americans. The analysis found that mounting healthcare costs, which have outpaced broader inflation, particularly weighed on baby boomers, who are aged 60 to 78. Simultaneously, older Americans did not spend as much on things like gas, where costs deflated. Over 2,000 older Americans told BI their biggest regrets over the last few months in a voluntary, informal survey.

Persons: Gen X, Wells, boomers, Gen, Gallup, they're, they've Organizations: Bureau of Labor Statistics, BLS, BI, Social Security Locations: Wells Fargo

☆ Salesforce shares can rally more than 30% thanks to latest AI push, Bank of America says
▼ + stars: | 2024-12-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Salesforce shares have more upside in store as the software giant rolls out its latest AI push, according to Bank of America. The bank lifted its price target on the stock to $440 from $390, reflecting 33% upside from Tuesday's close, after the company topped third-quarter revenue estimates and issued upbeat fourth-quarter guidance. Shares surged more than 13% on the results and looked poised to add to a 26% year-to-date gain. "Q3 results suggest that the company is leading the way in agentic AI cycle with Agentforce," wrote analyst Brad Sills. Wells Fargo analyst Michael Turrin reiterated his equal weight rating while lifting his price target to $345 from $330 a share.

Persons: Brad Sills, Goldman Sachs, Kash Rangan, Morgan Stanley's Keith Weiss, Wells, Michael Turrin Organizations: Bank of America, JPMorgan Locations: CY26, Wells Fargo

A handful of stocks could see a rally ahead, according to a bullish price chart pattern closely watched by technical analysts. Take a look below at the stocks we found, using FactSet data: Disney is one of the companies that is about to form a "golden cross." The stock has ripped ahead this year, climbing more than 28.5% — just slightly higher than the broader-market's gains. Cadence Design Systems is another stock that could soon form the chart pattern. Indeed, analysts polled by FactSet have an overweight rating and $173.05 price target on shares, which implies a possible gain of 6.9%.

Persons: Daiwa, Disney, Wells Fargo, Joe Quatrochi, Quatrochi, Alastair Syme Organizations: Disney, Cadence Design, Nasdaq, Cadence Design Systems, Chevron, FactSet, Citi Locations: China

☆ Stocks making the biggest premarket moves: U.S. Steel, AT&T, Synchrony Financial, CVS and more
▼ + stars: | 2024-12-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves in premarket trading: U.S. Steel — Shares tumbled 7% after President-elect Donald Trump said late Monday he will block the purchase of the steelmaker by Japan's Nippon Steel. A deal was reached in late 2023 for Nippon Steel to buy U.S. Steel, but it has since encountered political opposition. Synchrony Financial — The Stamford, Connecticut-based credit card issuer rose more than 1% after an upgrade to overweight from equal weight at Wells Fargo. Zscaler — The cloud security company forecast for fiscal second quarter revenue nearly matched analysts' estimates, sending shares 7% lower in early trading. CVS Health — Shares rose 1.4% after Deutsche Bank upgraded the drug store chain and pharmacy benefit mansger to buy from hold.

Persons: Donald Trump, Morgan Stanley, Zscaler, Jesse Pound, Hakyung Kim, Sarah Min, Pia Singh Organizations: . Steel, Japan's Nippon Steel, Nippon Steel, Synchrony, Trump, Technology, CVS, Deutsche Bank Locations: Stamford , Connecticut, Wells Fargo

☆ Florida woman who led $200 million Ponzi scheme sentenced to 20 years in prison
▼ + stars: | 2024-12-03 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Screenshot of Johanna Michely Garcia of MJ Capital Funding, who was sentenced on Dec. 3, 2024, to 20 years in prison in a Ponzi scheme. A Florida woman who pleaded guilty for her role in a Ponzi scheme that raked in nearly $200 million was sentenced Tuesday to 20 years in prison. Judge Jose Martinez also sentenced Garcia to three years of supervised release and a $100 special assessment, plus additional restitution which will be determined on March 3, the case docket shows. "As a result, Garcia paid investors by running a large Ponzi fraud scheme, paying existing investors using new investor funds while misappropriating millions of dollars for her own personal benefit." In 2021, investors in MJ Capital filed a lawsuit accusing Wells Fargo Bank of aiding the fraud scheme by failing to follow its own anti-money laundering policies.

Persons: Johanna Michely Garcia, Johanna Garcia, Judge Jose Martinez, Garcia, Wells, Law360, Pavel Ramon Ruiz Hernandez, Prosecutors, Ruiz Hernandez Organizations: MJ, Investors, MCAs, MCA, MJ Capital, Bank, FBI, Securities and Exchange Commission, Prisons Locations: Florida, Broward County, U.S, MCAs

☆ Trump unlikely to get full support to artificially weaken USD
▼ + stars: | 2024-12-03 | 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 EmailStrategist: Trump is unlikely to get full institutional support to artificially weaken the USDBrendan McKenna of Wells Fargo Securities sees more FX volatility as Trump takes office next year. He also says the Chinese yuan has room to weaken further to maintain trade competitiveness as Trump's tariffs come into effect.

Persons: Trump, Brendan McKenna Organizations: Wells, Wells Fargo Securities, Trump Locations: Wells Fargo

☆ Stocks making the biggest moves midday: Tesla, U.S. Steel, FedEx, AT&T and more
▼ + stars: | 2024-12-03 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

U.S. Steel — Shares dropped 8.6% Tuesday, the day after President-elect Donald Trump said he would stop Japan's Nippon Steel from buying the Pittsburgh steelmaker. Zscaler — The cloud security company posted in-line guidance for its fiscal second quarter revenue that disappointed investors, sending shares more than 3.5% lower. PSQ Holdings — Shares surged 89% after Bloomberg News, citing people familiar with the matter, reported Donald Trump Jr. could join the board of PSQ Holdings as soon as Tuesday. South Korean stocks — U.S.-listed shares of South Korean stocks slumped after the country's president declared martial law. FedEx — The Memphis-based package delivery company slipped 3.3% after being downgraded at Bernstein to market perform from outperform.

Persons: Donald Trump, Redburn, LSEG, Zscaler, Donald Trump Jr, Cleanspark, Tesla, Elon Musk's, Bernstein, OLLI, Mgmt, Jesse Pound, Sarah Min, Hakyung Kim, Pia Singh, Michelle Fox Organizations: . Steel, Nippon Steel, Pittsburgh, Holdings, PSQ Holdings, Bloomberg, Revenue, U.S, South, Korea ETF, Franklin FTSE, Franklin FTSE South Korea ETF, FedEx —, Wells Locations: Delaware, Korea, Franklin FTSE South, Memphis, Wells Fargo

☆ Wells Fargo's Chris Harvey: S&P target set to 7,007 in new year
▼ + stars: | 2024-12-03 | 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 EmailWells Fargo's Chris Harvey: S&P target set to 7,007 in new yearChris Harvey, head of equity strategy at Wells Fargo Securities, joins CNBC's 'Closing Bell' to discuss why stocks are moving higher to end the year, how to position for 2025, and more.

Persons: Wells, Chris Harvey Organizations: Wells, Wells Fargo Securities Locations: Wells Fargo

☆ Watch CNBC's full interview with Chris Harvey, Mike Rode, and Ayako Yoshioka
▼ + stars: | 2024-12-03 | 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 EmailWatch CNBC's full interview with Chris Harvey, Mike Rode, and Ayako YoshiokaChris Harvey, head of equity strategy at Wells Fargo Securities, Mike Rode, senior investment manager at American Century Investments, and Ayako Yoshioka, senior portfolio manager at Wealth Enhancement Group, join CNBC's 'Closing Bell' to discuss how far stocks can run in 2025, their strategies for the end of the year and beyond, and more.

Persons: Chris Harvey, Mike Rode, Ayako Yoshioka Chris Harvey, Ayako Yoshioka, CNBC's Organizations: Wells, Wells Fargo Securities, Century Investments Locations: Wells Fargo

☆ Strategic giving to maximize gifts: Here's what to know
▼ + stars: | 2024-12-03 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategic giving to maximize gifts: Here's what to knowToday is Giving Tuesday, a global effort to increase generosity in many ways, including charitable giving. Yet, many Americans say they have reduced their giving this year as a direct result of the economy and their current financial situation, according to a new survey from Wells Fargo. CNBC's Sharon Epperson joins 'Squawk Box' with more. For more on charitable giving and financial planning strategies, sign up for the free CNBC Money 101 newsletter series at cnbc.com/money101.

Persons: CNBC's Sharon Epperson Organizations: CNBC Locations: Wells Fargo

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Citi, CVS, American Express, Amazon, Kroger & more
▼ + stars: | 2024-12-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Bernstein downgrades FedEx to market perform from outperform Bernstein said it was downgrading FedEx ahead of earnings later this month due to fears about execution. "We are upgrading Citi to Outperform from Market Perform owing to its discounted valuation and the meaningful lag in its shares relative to peers since October earnings." Deutsche Bank upgrades CVS to buy from hold Deutsche says it sees "improving profitability" for CVS. BMO downgrades Kroger to market perform from outperform BMO says the grocery store stock is overvalued. Bank of America reiterates Apple as buy Bank of America says it's sticking with its buy rating Apple following data showing an increase in App Store revenue.

Persons: Wells, Bernstein, KBW, Jefferies, Morgan Stanley, CFRA, Tesla, it's, OLLI, Mgmt, Mizuho, MoffettNathanson, Moffett Organizations: Citi, Citigroup, FedEx, Deutsche Bank, CVS, Deutsche, BMO, Kroger, KR, American Express, Holdings, Bank of America, underperform Bank of America, Underperform, " Bank of America, Apple, Nvidia, Data Center, 2027E Locations: Wells Fargo, F1Q25, North America

But more recently, Republicans have signaled plans to defang the agency, and Trump has named authors of Project 2025 — which calls for eliminating the CFPB — to influential posts. It has clawed back nearly $20 billion in consumer relief and issued a litany of rules and guidance aiming to rein in financial institutions. The financial services industry bristles at many of these efforts. Buy now, pay later protectionsAs BNPL services skyrocketed in popularity during the pandemic, the agency quickly built guardrails around them. Removal of medical debt from credit reportsThis summer, the agency proposed banning medical debt from appearing on consumers’ credit reports.

Persons: Donald Trump, Sen, Elizabeth Warren, Trump, multibillionaire Trump, Elon Musk, ” “, ”, Adam Rust, Jesse Van Tol, “, Rohit Chopra, Michael A, McCoy, ” Lindsey Johnson, JD Vance, —, everyone’s, Mick Mulvaney, Trump’s, Oliver Contreras, Armen Meyer, Meyer, Chopra, Rob Bonta Organizations: Consumer Financial, Senate, White, NBC, Federal Reserve, Republicans, Consumer Federation of America, Community Reinvestment Coalition, Consumer Bankers Association, Biden, Trump, Apple, GOP, ” Agency, Agency, Consumer, overdrafts, Electronic, Washington Post, Reuters Locations: Wells, Washington, Colorado, New York, California

☆ We're raising our price target on 2 winning stocks that have tailwinds in the new year
▼ + stars: | 2024-12-02 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Bank price targets: We're updating our price targets on our two bank stocks after they wrapped up a big November. With these tailwinds ahead, we are increasing our Wells Fargo price target to $80 a share from $66 and Morgan Stanley to $140 a share from $130. 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: Jim Cramer, —, Trump, Wells, Morgan Stanley, Wells Fargo, Zscaler, It's, Jim Cramer's, Jim Organizations: CNBC, ., Dow Jones Industrial, Microsoft, Bank, Labor, Treasury, Traders, Jim Cramer's Charitable Locations: Wells, Wells Fargo, pullbacks

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Gap, Block, Marvell, Okta, Netflix, Dell & more
▼ + stars: | 2024-12-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Cantor Fitzgerald reiterates Marvell & Nvidia as top picks Cantor says both stocks remain top picks ahead of Marvell earnings on Tuesday. Goldman Sachs initiates Venom Energy as buy Goldman says it sees "strong shareholder returns" for the energy company. Goldman Sachs downgrades Toast to neutral from buy Goldman says the thesis has played out for the restaurant tech company. Goldman Sachs initiates Ero Copper as buy Goldman says the copper company has a "unique growth profile." Roth MKM upgrades Tesla to buy from neutral Roth said in its upgrade of Tesla that the "world has changed."

Persons: Cantor Fitzgerald, Cantor, it's bullish, Morgan Stanley, Goldman Sachs, Goldman, Stifel, Tesla, Bernstein, Block, Dana, AAPL, Stryker, We'd, Wells, Roth, Dell Organizations: Netflix, Marvell, Nvidia, MU, UBS, Caci International, DHS, AutoDesk, Autodesk, Architective, NET, Energy, Viper Energy, JPMorgan, Air Lease, Burlington, Barclays, NextEra Energy Partners, KT, Deutsche Bank, DELL Locations: France, Germany, AVGO, Cleveland, TOST, Burlington

☆ Wells Fargo sees this biotech stock rallying 75% in its bull case
▼ + stars: | 2024-12-02 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

The success of one of Kymera Therapeutics' experimental treatments could mean more upside ahead for the stock, Wells Fargo found. Analyst Derek Archila upgraded shares to overweight from equal weight and upped his price target by $19 to $57, which implies more than 21% upside from Friday's close. KYMR YTD mountain KYMR, year-to-date The analyst pointed to Kymera's oral treatment for multiple immuno-inflammatory diseases. He anticipates the data will likely demonstrate a "clean" safety profile, and his bull case scenario forecasts shares could trade higher by 75%. Kymera also has a consensus price target of $57.88, which reflects more than 20% upside from current levels.

Persons: Wells, Derek Archila, Archila, Kymera Organizations: Therapeutics, KT Locations: Wells Fargo

☆ Here’s why Americans traveling to Europe may find bargains in 2025
▼ + stars: | 2024-11-30 | by ( Greg Iacurci | ) www.nbcnews.com time to read: +5 min

Americans traveling to Europe next year may be in store for some bargains. “That’s a good thing for American tourists traveling abroad in Europe,” said Brendan McKenna, an international economist at Wells Fargo Economics. Now, euro parity is “back on the cards,” James Reilly, senior markets economist at Capital Economics, wrote in a research note Nov. 11. For one, the U.S. economy has “held up a lot better than anyone has been expecting” over the past year or two, in stark contrast with Europe, Reilly said. Of course, there’s a risk Europe retaliates with its own tariffs or somehow penalizes Americans by raising certain consumer prices, such as airfares, Reilly said.

Persons: “, ”, Brendan McKenna, Donald, ” James Reilly, Reilly, it’s, Trump, ” Reilly, McKenna, Wells Organizations: U.S ., U.S, Wells, Wells Fargo Economics, European Union, Capital Economics, ICE, CNBC, Travelers, U.S . Federal, European Central Bank, ECB, Treasury Locations: Europe, Wells Fargo, Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain, China, Canada, Mexico, U.S, Trump

☆ Trump’s tariffs could push up the price of your favorite beer (and tequila)
▼ + stars: | 2024-11-30 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Some business owners have started stockpiling popular products — specifically tequila, which can be made only in Mexico — and taking other actions to help stave off potential price hikes. At this stage, the tariffs are technically still just talk, with plenty of caveats and scenarios strewn about. Meximodo, a restaurant in Metuchen, New Jersey, holds a Guinness World Records title for its collection of tequila, mezcal and agave spirits. In 2023, the US imported $5.69 billion of beer and $4.81 billion of alcohol from Mexico, according to International Trade Administration data. The Grupo Modelo factory in Mexico City, Mexico, on May 15, 2020.

Persons: CNN —, they’re, Donald Trump, ”, Dave Williams, Bump, Noble, Chris Carey, Williams, “, Meximodo, TJ Pingitore, Le Malt’s, Alexander Lewis, ” Pingitore, ” Saurabh Abrol, Abrol, Hector Vivas, it’s, Chris Swonger, ” Swonger, Swonger, Katie Marisic, Justin Sullivan, Marisic Organizations: CNN, CNN — Beer, Modelo, Bump Williams Consulting, Constellation Brands, Le Malt Hospitality, North, USA, International Trade Administration, Trade Administration, Grupo Modelo, European Union, Brewers Association, Trump, “ Breweries Locations: Canada, Mexico, Corona, Wells Fargo, Mexican, Metuchen , New Jersey, Meximodo, North America, New York, China, United States, Mexico City, American, San Carlos , California

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