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☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Palantir, Robinhood, MicroStrategy, Target, Amazon & more
▼ + stars: | 2024-11-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Bernstein reiterates MicroStrategy as outperform The firm raised its price target on the stock to $600 per share from $290. " Morgan Stanley upgrades Banco Santander to overweight from equal weight The firm said the bank has a "resilient regional footprint." Morgan Stanley upgrades Robinhood to overweight from equal weight The firm said Robinhood is a Trump election beneficiary. Morgan Stanley upgrades KinderCare to overweight from equal weight Morgan Stanley said shares are compelling at current levels for the daycare company. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's survey checks "reinforce [the] multi-year iPhone upgrade thesis."

Persons: Bernstein, MicroStrategy, Morgan Stanley, Oppenheimer, Robinhood, Trump, HOOD, it's, Telsey, Apple, Goldman Sachs, Berkley, it's bullish, Tesla, TD Cowen, D.A, Davidson, Rosenblatt, Wedbush, Palantir, PLTR, Wolfe, Jones Lang Lasalle Organizations: Banco Santander, Caixabank, ING, Citi, U.S, Bancorp, UBS, Arm Holdings, BMO, Apple Intelligence, CVS, Bank of America, Shoals Technologies, Procter, Gamble, China, China EV, Nvidia, FedEx Locations: Santander, China

☆ Analysts see Apple AI efforts boosting sales for a business you might not expect
▼ + stars: | 2024-11-25 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

The results showed that 78% of prospective buyers of AI-enabled iPhones would pay a monthly subscription to get unlimited access to Apple Intelligence features. Similar to Morgan Stanley, the Melius analysts pointed to the delayed release of Apple Intelligence. Similar to Morgan Stanley and Melius, we see Apple's iPhone upgrade cycle as a story in the coming quarters, rather than right now. Don't trade Apple." With the delayed rollout of Apple Intelligence, it's clear to us that users may take longer to switch up to newer models.

Persons: Morgan Stanley, iPhones, gamed, Said, Melius, Jim Cramer, Morgan Stanley's, Jim, It's, Apple's, Donald Trump's, Jim Cramer's Organizations: Apple Intelligence, Huawei, Apple, Research, Management, CNBC, Nurphoto, Getty Locations: China, India, Manhattan , New York

☆ Warren Buffett just shared his most detailed plan yet for his fortune when he dies
▼ + stars: | 2024-11-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +10 min

Courtesy of Susie Buffett Laila Buffett poses with her three children -- from left, Roberta, Warren and Doris. Courtesy of Susie Buffett Buffett teaches a class at the University of Nebraska-Omaha. Courtesy of Susie Buffett Buffett married his first wife, Susan, in 1952. Courtesy of Susie Buffett Buffett poses for a photo in 1980. Daniel Acker/Bloomberg/Getty Images Buffett attends the world premiere of "Becoming Warren Buffett," a documentary about his life, in 2017.

Persons: Washington CNN — Warren Buffett, outlive, ” Buffett, I’ve, ”, Buffett, — Susie, Howard, Peter Buffett, “, “ I’ve, Susan Thompson Buffett, Melinda Gates, Warren Buffett, Nati, Laila, Howard Buffett, Susie Buffett, Ernest, Susie Buffett Laila Buffett, Warren, Doris, Susie Buffett Warren Buffett, Susie Buffett Buffett, Susan, Peter, Lee Balterman, Salomon, Marcy Nighswander, AP Buffett, Buffett's, Mark Peterson, Curt Hudson, Arnold Schwarzenegger, Kathy Willens, Chris Machian, Dave Weaver, Michael Israel, John Sleezer, Bill Gates, Mario Tama, Barack Obama, Obama, doggedly, isn't, Jim Watson, Daniel Acker, Harry Benson, Getty Images Buffett, Astrid, David Cameron, Brendan Hoffman, Kristoffer Tripplaar, Alamy Buffett, Scott Eells, Chris, Franklin, Ndamukong Suh, Charlie Munger, Scott Olson, Huang Jihui, Jason Miller, Adam Jeffery, Hillary Clinton, Kempin, Forbes, Andy Kropa, Scott Morgan, Reuters Buffett, Andrew Harrer Organizations: Washington CNN, Berkshire Hathaway, Susan Thompson Buffett Foundation, Melinda Gates Foundation, Bloomberg, University of Nebraska -, Getty, Federal Reserve, AP, Omaha for Berkshire, California Gov, Wall Street, Schwarzenegger's, Kansas City Royals, Kansas City Star, Girl Scouts, Buffett, Microsoft, Getty Images, White, British, Woodrow Wilson High, Washington, Forbes, Harlem Globetrotters, Cleveland Cavaliers, Moon, NBA, CNBC, Reuters Locations: Omaha , Nebraska, Omaha, University of Nebraska - Omaha, Omaha for, Woodstock, Trenton , New Jersey, New York, AFP, Berkshire, Washington , DC, Illinois, Sun Valley , Idaho

☆ Elon Musk floats buying MSNBC, but he’s not the only billionaire who may be interested
▼ + stars: | 2024-11-25 | by ( Brian Stelter | ) edition.cnn.com time to read: +6 min

Conventional wisdom holds that Musk — the world’s richest man and key Donald Trump ally — and his friends are just joking. But Musk’s posts are adding to the anxiety that MSNBC staffers are feeling about the reelection of Donald Trump and the recently announced spinoff of Comcast’s cable channels. I learned that more than one benevolent billionaire with liberal bonafides has already reached out to acquaintances at MSNBC to express interest in buying the cable channel. Instead, he is moving MSNBC and a half dozen other cable channels into “SpinCo,” a pure-play cable programming company. I have sensed quite a bit of enthusiasm at MSNBC about “SpinCo,” actually, because the new structure should allow for more investment into MSNBC, CNBC and the other brands.

Persons: CNN — Elon Musk, Donald Trump, —, bonafides, Brian Roberts, Benjamin Swinburne, Morgan Stanley, SpinCo, “, ”, Donald Trump , Jr, Joe Rogan, Rachel Maddow’s, Musk, Maddow, Mark Cuban, Trump, Matt Gaetz, Viktor Orbán’s “, Ian Bassin, ” Bassin, Gábor, Kamala Harris, Cuban Organizations: CNN, MSNBC, Twitter, Comcast, “, CNBC, Trump Jr, Former Florida, ” CNN, ”, Democracy, Politico Magazine, Fox Locations: Hungary

☆ Stocks making the biggest moves premarket: Robinhoood, Bath & Body Works, MicroStrategy, Macy's and more
▼ + stars: | 2024-11-25 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Bath & Body Works — Shares popped 16% after third-quarter earnings edged out Wall Street forecasts. Robinhood — Shares of the brokerage firm rose more than 7% after Morgan Stanley upgraded the stock to overweight from equal weight. Macy's — Shares of the retailer fell 3% after Macy's said it was delaying its official third-quarter results due to discovering that an employee had intentionally made incorrect accounting entries to hide delivery expenses. Abercrombie & Fitch — Shares rose 3% ahead of its third-quarter earnings expected Tuesday before the bell. Arm Holdings — Shares rose more than 1% after UBS initiated coverage of the chipmaker with a buy rating, citing upside from artificial intelligence demand.

Persons: LSEG, Morgan Stanley, Macy's, Oppenheimer, Bernstein, Sally Beauty, Cowen, Oliver Chen, —, Jesse Pound, Alex Harring, Michelle Fox, Samantha Subin, Pia Singh Organizations: Abercrombie, Fitch, FactSet, —, Sally Beauty Holdings, Santander —, UBS Locations: Hollister

☆ Want to buy the dip in renewables? Morgan Stanley names 2 top picks with 60% upside
▼ + stars: | 2024-11-25 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

The sustainability theme faces an uncertain future under President-elect Donald Trump, but Morgan Stanley has named a number stocks with major upside. Here are two of Morgan Stanley's top stocks with over 60% upside potential: EDP Renovaveis The investment bank is bullish on EDP Renovaveis and has a target price of 18 euros ($18.68), giving it nearly 66% upside potential. RWE Also on Morgan Stanley's list is German electric utility company RWE , which it describes as a "global leader in renewables." The bank's analyst Rob Pulleyn sees RWE as "oversold on a combination of falling power prices earlier in 2024 and fears around renewables value creation." Morgan Stanley has a target price of 50 euros ($169.50) on the Frankfurt-listed stock, giving it almost 60% potential upside.

Persons: Donald Trump, Morgan Stanley, Morgan, Arthur Sitbon, Sitbon, Rob Pulleyn, — CNBC's Michael Bloom Organizations: Big Tech, Frankfurt Stock Exchange Locations: U.S, Europe, Lisbon, Portugal, Frankfurt

☆ Why this year's retail fourth-quarter and holiday outlook is challenging
▼ + stars: | 2024-11-25 | 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 EmailWhy this year's retail fourth-quarter and holiday outlook is challengingAlex Straton, analyst at Morgan Stanley, joins CNBC's 'Squawk on the Street' to discuss the outlook on retail stocks to end the year, why this year's holiday season presents more challenges than others, and more.

Persons: Alex Straton, Morgan Stanley

☆ Stocks making the biggest moves midday: Bath & Body Works, Robinhood, Macy's and more
▼ + stars: | 2024-11-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Bath & Body Works — The Ohio-based personal care company climbed more than 16%, on pace for its best day since November 2022. The retailer raised its forecast for full-year adjusted profit and said it expects a smaller drop in annual sales, boosted by solid demand for personal care products and new store offerings. Robinhood — The financial services provider surged 5% after Morgan Stanley upgraded it to overweight, citing upside from President-elect Donald Trump's looming second term in office. Target's shares have lost about 12% year to date and the stock's 3.6% dividend yield is very "attractive," the firm said. Abercrombie & Fitch — The retailer gained 4% ahead of its third-quarter earnings release , expected Tuesday morning.

Persons: Morgan Stanley, Donald Trump's, Macy's, Oppenheimer, AGCO, Gordon, Abercrombie, Fitch, Biohaven, Piper Sandler, CNBC's Hakyung Kim, Jesse Pound, Yun Li, Michelle Fox, Pia Singh, Scott Schnipper Organizations: Farm Equipment Limited, Gordon Haskett Research, Intel, CNBC, Commerce Department, U.S, Bancorp, Citigroup, Arm, UBS, Santander — ADRs, BDO, Nasdaq, Truist Securities Locations: The Ohio, New York, The Minneapolis, British, Spanish, Santander

☆ Warren Buffett Publishes Letter on Giving Away Wealth, Kids, and Luck
▼ + stars: | 2024-11-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett surprised shareholders on Monday with a near-1,500-word letter alongside his usual Thanksgiving gift to four of his family's foundations. The famed investor and Berkshire Hathaway CEO said he would shortly convert 1,600 of his Class A shares into 2.4 million Class B shares, worth about $1.2 billion. Buffett picked more trustees to share his wealthIn his unexpected missive to Berkshire shareholders, Buffett said the gifts would reduce his personal stockpile to 206,363 A shares, worth $149 billion. Buffett said his late wife's estate was worth about $3 billion, and 96% of that went into the pair's foundation. They are also somewhat younger than my children," Buffett said, adding those individuals are "on the waitlist" and he hoped his children disbursed all his assets.

Persons: Warren Buffett, Buffett, Elon Musk, Susan Thompson Buffett, Susan Thompson Buffett Foundation —, —, Howard G, He's, — Howard, Susie, Peter —, curt, — Buffett, Bertie, Morgan, Rockefeller, didn't, they're Organizations: Berkshire Hathaway, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Oracle, Elon, Bloomberg, Berkshire, Ford, Carnegie Locations: Berkshire, Omaha

☆ JP Morgan: UniCredit's Orcel 'hedging himself a bit' on Banco BPM, Commerzbank bids
▼ + stars: | 2024-11-25 | 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 EmailJP Morgan: UniCredit's Orcel 'hedging himself a bit' on Banco BPM, Commerzbank bidsKian Abouhossein, head of European bank equity research and global IB coverage at JP Morgan, discusses UniCredit's bid to buy Banco BPM.

Persons: JP Morgan, UniCredit's, Kian Abouhossein Organizations: Banco, JP

☆ Morgan Stanley upgrades Robinhood, sees 50% upside on second Trump term
▼ + stars: | 2024-11-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

A second Trump term could mean more gains ahead for Robinhood , according to Morgan Stanley. Analyst Michael Cyprys upgraded shares to overweight from equal weight and more than doubled his price target to $55 from $24, implying 50.1% upside from Friday's close. Shares have also gained more than 35% in the past month and more than 73% in the past three. HOOD YTD mountain HOOD, year-to-date Cyprys noted that Robinhood is one of the biggest beneficiaries from President-elect Donald Trump's White House win in his coverage univers. The analyst also cited Robinhood's planned acquisition of TradePMR as providing significant optionality for the platform in the long term.

Persons: Morgan Stanley, Michael Cyprys, Cyprys, Donald Trump's Organizations: Trump, Robinhood Locations: HOOD

☆ The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving
▼ + stars: | 2024-11-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +13 min

It's a "capital junkie" that's been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. The April 2015 report highlighted the industry's massive capital spending on overlapping or niche products that Marchionne was convinced could be solved through consolidation and shared capital spending. Most capital spending by automakers isn't wasted, but the industry isn't as efficient as other sectors, with minimal return on invested capital. Stock Chart Icon Stock chart icon Stocks of GM, Ford and Chrysler parent Stellantis in 2024. Courtesy: Business WireGM and Hyundai this summer entered into an agreement to explore "future collaboration across key strategic areas" in an effort to reduce capital spending and increase efficiencies.

Persons: bender, Morgan Stanley, Adam Jonas, It's, Sergio Marchionne, Marchionne, Sergio Marchionne Brendan McDermid, Jonas, Joe Hinrichs, isn't, We've, Rebecca Evans, Roland Berger, Ford, Peter Rawlinson, Andrew Kelly, Oliver Blume, Blume, Paul Jacobson, Jacobson, Rivian, RJ Scaringe, Mary Barra, Euisun Chung, codevelop, Stellantis, —, Carlos Tavares, Oliver Bunic Organizations: General Motors, Ford, Nissan Motor, Volkswagen Group, Chrysler, Companies, Research, GM, Volkswagen, Toyota Motor, Fiat, Rivian, Lucid, Fiat Chrysler, Reuters, Rivian Automotive, Hyundai Motor, Toyota, CSX Corp, Rehab, Nissan, CNBC, Lucid Motors, Nasdaq, Churchill Capital Corp, Reuters Volkswagen, VW, Honda, BMW, SAIC, Barclays, Saudi, Public Investment Fund, Hyundai, Detroit, French, PSA Groupe, Stellantis NV, Bloomberg, Getty Locations: Casa Grande , Arizona, Detroit, Japan, Germany, That's, New York City , New York, Europe, China, U.S, Kragujevac, Serbia

☆ The 7 most in-demand work-from-anywhere jobs companies are hiring for—some pay over $100,000
▼ + stars: | 2024-11-25 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

FlexJobs has identified the most in-demand work-from-anywhere jobs companies are hiring for by analyzing its database to find the highest volume of postings between June and November 2024. Such jobs are competitive: They account for only about 5% of all remote roles, FlexJobs reports. Some of the top companies hiring for work-from-anywhere jobs in the past six months on the platform include Duolingo, Invisible Technologies and the Wikimedia Foundation. Marketing, writing, project management and tech continue to be the fields with the most work-from-anywhere jobs. "For work-from-anywhere roles, employers are increasingly interested in workers who demonstrate advanced abilities, such as higher-level communication skills like negotiation, resourcefulness and problem-solving," Frana says.

Persons: FlexJobs, Toni Frana, Frana Organizations: Employers, CNBC, Technologies, Wikimedia Foundation, Marketing, Communications

☆ Taylor Swift or bust: As costs weigh on concertgoers, mid-sized shows just aren't worth it
▼ + stars: | 2024-11-24 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

Rising tour costs and social media influence are reshaping concert ticket pricing dynamics. Taylor Swift or bustTaylor Swift's Eras Tour tickets had an average face-value price of $254 in 2023 and a resale market price of $3,801. "It's sort of like the extremes have spread out as well, where we're seeing concert tickets sell for the most we've ever seen them," Leyden said. "But on the flip side, we're certainly seeing plenty of concert tickets that are still selling for a relatively good deal." AdvertisementAfter all, with ticket prices getting driven up, "the experience expectations are being driven up," Finn said.

Persons: Jaylon Jackson, Hozier, Jackson, He's, Sabrina Carpenter, Taylor, Taylor Swift, Kacey, Justin Timberlake, Post Malone, Morgan Wallen, Chris Leyden, there's, Leyden, Jonathan Bricker, Mike Finn, It's, Finn, Sabrina Carpenter's, we've, Joseph Bocanegra, Omar Apollo, he's Organizations: Broadway, Post, BI, Berklee College of Music, Imagine, Berklee, Super, Sports Locations: Texas, Arkansas, U.S, amphitheaters

☆ National security officials meet with US telecom execs to share intel on Chinese cyber espionage campaign, White House says
▼ + stars: | 2024-11-23 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +3 min

(CNN) — Top telecom executives met with US national security officials at the White House on Friday as concerns mount over a long-running Chinese cyber-espionage campaign that has targeted some of the most senior US political figures in the country. The meetings were a chance for telecom executives to advise the government on how it could boost its defenses against sophisticated hacks, according to the White House. The hack is shaping up to be one of the biggest cyber and national security challenges facing the incoming Trump administration. But the full scope of the hack, who it affects and its impact on national security are still being investigated. US officials and private cyber experts are keeping a running tally of the number of telecom firms breached.

Persons: Trump, ” Sen, Mark Warner, Donald Trump, JD Vance, Jared Kushner, Eric Trump, Edward Snowden, Christopher Wray, ” Morgan Adamski, Adamski Organizations: CNN, — Top, US, White, Democrat, FBI, Warner, Verizon, Lumen, Republican, Democratic, National Security Agency, US Cyber Command, Cyber Command Locations: Virginia, Washington, DC, China, Taiwan, Arlington , Virginia

☆ Orlando Pride, Marta win first NWSL championship thanks to a goal from Barbra Banda
▼ + stars: | 2024-11-23 | by ( Jeff Rueter | ) www.nytimes.com time to read: +5 min

In a season full of worthy contenders, it was the league leader Orlando Pride who took home the top prize. Forward Barbra Banda, who has led the team for much of the season, scored the game’s lone goal. The final also marked Marta’s first NWSL championship win. “I’ve asked myself why I still play for Orlando after eight years,” Marta told CBS Sports. Barbra Banda scores the opening goal in the #NWSLChampionship pic.twitter.com/5oK0B1h50m — National Women’s Soccer League (@NWSL) November 24, 2024On the night, Banda’s greatness made all the difference.

Persons: Orlando Pride, Barbra Banda, “ I’ve, ” Marta, “, I’ve, Orlando, Banda, Aubrey Kingsbury, parry, Angelina, Leicy Santos, Marta, Alex Morgan, Ali Krieger, Sydney Leroux, Seb Hines, Hines —, Jamie Squire Organizations: Orlando, CBS Sports, Washington, Women’s Soccer League, Brazil, Angelina, Orlando Pride, Zambian, United States, Pride, MLS, Orlando City, USL Locations: Zambia, Kansas City, Kingsbury, Orlando, Orlando City, American

☆ Travel news: Italy’s working visas are hard to get but some Americans manage it
▼ + stars: | 2024-11-23 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

Editor’s note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Villages and visasThe Italian village offering $1 homes to Americans upset by the US election result was one of our top stories on CNN Travel this week. Despite all the houses going on offer, working visas to Italy are still very limited. Over in the world of dairy, this year’s World Cheese Awards saw 4,786 cheeses from 47 countries assembled in the Portuguese city of Viseu to face judges’ scrutiny. The US agency might even have to slow air traffic down because of air traffic controller shortages, particularly in the Northeast.

Persons: Zeneba Bowers, Matt Walker, Chelsea Waite, ”, they’re, CNN Kim Morgan, Tom Latkovic, Lyme, Vang, tarantulas Organizations: CNN, FAA, CNN Travel, Federal Aviation Administration, Northeast . American Airlines, Spirit Airlines Locations: Italy, Sicily, Sardinian, Ollolai, Tennessee, Rome, California, Ham, Parma, Portuguese, Viseu, Kashmir, India, France, United States, Northeast, Europe, Laos, Vang Vieng, Britain

When we asked CNN readers for their questions about the incoming Trump 2.0 administration, we got a lot of nervous and scared feedback. AshleyPresidents have wide authority to declare a national emergency. Trump declared a national emergency when he was president the first time in order to unlock border wall funding that Congress refused to give him. Some states with Republican governors have already deployed National Guard troops to the border. Read more answered questions on Trump here.

Persons: Donald Trump’s, Ashley, Trump, Joe Biden, Read Organizations: CNN, Trump, Security, Ashley Presidents, National Guard

☆ HSBC names 2 China stock picks for 2025 — and gives one over 70% upside
▼ + stars: | 2024-11-22 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Chinese markets are "turning a corner" following a series of government stimulus measures , HSBC said, naming its top stock ideas for 2025. Here are two of the stocks HSBC likes: KE Holdings HSBC is bullish on real estate player KE Holdings (or Beike), and considers it a key beneficiary of "China's 2025 inflection point." KE Holdings "has the highest earnings sensitivity to a recovery in property sales in both the primary and secondary markets," he added. KE Holdings' shares are listed on the Hong Kong Exchange and trade as an American Depositary Receipt (ADR) in the U.S. under the ticker BEKE . Hongfa Technology HSBC is also bullish Hongfa Technology and has a target price of 48.10 Chinese yuan ($28.30) on the stock, giving it around 50% upside.

Persons: Oliver Yu, Goldman Sachs, Morgan Stanley, Yu, Corey Chan, Chan, — CNBC's Michael Bloom Organizations: HSBC, KE Holdings HSBC, Holdings, HSBC Global Research's, Real, KE Holdings, Hong Kong Exchange, Hongfa Technology HSBC, Technology, HSBC Qianhai Securities, Shanghai Stock Exchange, iShares Global Tech ETF, Fidelity MSCI Locations: China, U.S

☆ WNBA star Cameron Brink on the No. 1 negotiation skill that's helped her sign deals with New Balance, Skims and more
▼ + stars: | 2024-11-22 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

WNBA star Cameron Brink had to learn how to negotiate her worth sooner than most 22-year-olds. Despite suffering a torn ACL in June that sidelined her rookie season, Brink's momentum off the court hasn't slowed. "Building my confidence in negotiations has been a journey for me, but I remind myself that my skills and hard work are valuable," Brink told CNBC Make It in an email. The most important step she takes to prepare for any negotiation, Brink says, is to research the companies she negotiates with. By contrast, the highest-paid players in the NBA are earning more than $50 million a year — and that's before factoring in sponsorships.

Persons: Cameron Brink, Brink, New Balance's, Caitlin Clark —, She's, Hamby, Steph Curry, Adam Broda, Taylor, you've Organizations: New, Stanford University, Sports Illustrated, Los Angeles Sparks, CNBC, Amazon, WNBA, Women's, Basketball Players, Vogue Business, NBA

☆ Investor focus shifts to rate cut outlook on Thanksgiving week, with Fed minutes and inflation data ahead
▼ + stars: | 2024-11-22 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

The interest rate outlook will come back into focus next week with key inflation data and Federal Reserve meeting minutes coming out ahead of Thanksgiving, as investors wrap up a major month for markets following President-elect Donald Trump's election victory. The October personal consumption expenditure (PCE) price index set to release Wednesday could dent already-dimming hopes for a December rate cut if it comes in hotter than expected. The inflation rate is expected to have increased 0.2% month over month and 2.3% year on year. Rosy expectations Even with the interest rate cut expectations coming in, investors are optimistic on the direction for stocks to close out the year and into 2025. Goldman Sachs' David Kostin this week said he expects the S & P 500 can end next year at 6,500.

Persons: Donald Trump's, —, Luke O'Neill, Stocks, O'Neill, Goldman Sachs, David Kostin, Morgan Stanley's Mike Wilson, Brian Belski, Tom Hainlin, Jeff Cox Organizations: Federal Reserve, Alpha Fund, Nasdaq, Dow Jones, BMO, UBS, Bank Asset Management, Dell Technologies, Chicago, New, Richmond Fed, Devices, Autodesk, PCE Deflator, Chicago PMI Locations: U.S, Chicago

☆ Morgan Stanley cautions against owning overcrowded stocks for risk of high valuation, volatility
▼ + stars: | 2024-11-22 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Owning overcrowded stocks could increase volatility and lead to muted portfolio gains, according to Morgan Stanley. "Crowded trades come with the risk of overvaluation and increased volatility as it may be more difficult to attract the marginal investor, while avoiding overcrowded stocks can provide investors with an opportunity to capture unrecognized value when paired with strong fundamentals," Morgan Stanley strategists said in a note to clients. Car rental agency Avis Budget Group was the most crowded stock among hedge funds, with more than half its float owned by professional traders. Aerospace and defense company Loar Holdings and real estate development and management firm Howard Hughes were also on the list of crowded trades. Janus Henderson , The New York Times , Planet Fitness and Wayfair were popular names among hedge funds last quarter.

Persons: Morgan Stanley, Russell, Howard Hughes, Janus Henderson Organizations: Avis Budget Group, Aerospace, Loar Holdings, The New York Times Locations: The

☆ Top 10 S&P 500 stock winners since Election Day
▼ + stars: | 2024-11-22 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Michael M. Santiago | Getty Images News | Getty ImagesMany large U.S. companies have seen their stocks swell since the presidential election. The top 10 performing stocks in the S&P 500 index saw returns of 18% or more since Election Day, according to data provided by S&P Global Market Intelligence, which analyzed returns based on closing prices from Nov. 5 to Nov. 20. The 'Elon Musk premium'And then there's the Elon Musk factor. Tesla's stock got an "Elon Musk premium" from Trump's victory, said Goldberg of Professional Advisory Services. Shares of the electric-vehicle maker soared 14% the day after the election and almost 30% by week's end.

Persons: Michael M, Elon Musk, Donald Trump —, Jeremy Goldberg, Goldberg, Jacob Manoukian, Rosy, outperformance, David Glazer, Paul Moseley, Vistra, Stacey Doré, Elon, Trump, Donald Trump, Chris Unger Organizations: New York Stock Exchange, Santiago, Getty, P Global Market Intelligence, Professional Advisory Services, Inc, Trump, Deregulation, Morgan Private Bank, Companies, Warner Bros ., Max, Disney, Walt Disney Co, Palantir Technologies, Fort Worth Data, Fort Worth Star, Tribune, Service, Vistra Corp, Tech, Elon, Professional Advisory Services ., of Government, week's, UFC, Madison, Garden, Ufc Locations: U.S, Texas, —, Texas , Pennsylvania, Ohio, New York

☆ Cramer names oil and natural gas stocks set to do well under Trump
▼ + stars: | 2024-11-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday said companies related to natural gas and oil will thrive under President-elect Donald Trump's administration and a majority Republican Congress. "If you want a sustainable Trump trade, I say bet on the natural gas ecosystem. Enbridge says it transports about 20% of all natural gas consumed in the U.S., and Cramer claimed the Canadian outfit has "strategically located assets." He also named Cheniere and Sempra , saying the former is the "best play" for liquified natural gas exports. "Seasonally, this is a good time for the commodity," he said, pointing out that natural gas itself has climbed since the election.

Persons: CNBC's Jim Cramer, Donald Trump's, Joe Biden's, Cramer, Trump, Chris Wright, Kinder Morgan, Enbridge Organizations: Republican Congress, Trump, Department of Energy, Energy Locations: underperform, U.S

☆ Salesforce CEO Benioff rips Microsoft's AI efforts. Here's why we're not picking sides
▼ + stars: | 2024-11-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

In the emerging AI software battle between Microsoft and Salesforce , investors do not need to pick a side. The announcements came roughly one year after the tech giant launched a suite of AI assistant tools called Microsoft 365 Copilot. Both companies leaning into AI agents is notable because Salesforce CEO Marc Benioff has not been hesitant to attack Microsoft's competing AI offerings. Salesforce stock is up 28% year to date versus Microsoft's roughly 9% gain since the start of 2024. I don't want to go against Microsoft," Jim said.

Persons: Jim Cramer, —, Marc Benioff, Benioff, who's, Satya Nadella, Nadella, They're, We've, Salesforce, Slack, Agentforce, Jim, it's, Jim Cramer's, Salesforce's Dreamforce, Justin Sullivan Organizations: Microsoft, Deutsche Bank, Club, CNBC, Getty Locations: Agentforce, Salesforce's, Mulesoft, San Francisco , California

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