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☆ Stocks making the biggest moves midday: Palantir, Moderna, Ulta Beauty, Alibaba and more
▼ + stars: | 2024-11-15 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Global pharma stocks — Shares of several vaccine makers declined after President-elect Donald Trump selected prominent vaccine skeptic Robert F. Kennedy Jr. as health secretary on Thursday. Shares of Moderna and Pfizer slipped nearly 9% and 5%, respectively. Ulta slipped nearly 3% after Berkshire Hathaway revealed in a regulatory filing that it had sold around 97% of its shares, nearly dissolving its position in the beauty retailer. Berkshire had just bought the stock in the second quarter, making Ulta a relatively new bet. However, the company beat expectations on both lines in the fourth fiscal quarter and issued positive guidance for adjusted earnings per share.

Persons: Donald Trump, Robert F, Kennedy Jr, Eli Lilly, Warren Buffett, Berkshire Hathaway, Ulta, — CNBC's Sean Conlon, Alex Harring, Jesse Pound, Hakyung Kim, Lisa Han Organizations: Global pharma, Moderna, Pfizer, GSK, Novo Nordisk, Nasdaq, Securities and Exchange Commission, Super, New York Stock Exchange, Corp, Berkshire, Pool Corp, AST, Materials, LSEG Locations: China, Domino's, Berkshire

☆ Here are value investor David Einhorn's latest moves: Gold, Peloton and agriculture
▼ + stars: | 2024-11-15 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

David Einhorn's Greenlight Capital this week revealed a fresh stake in agriculture equipment maker CNH Industrial , and increased its bets on Peloton Interactive and gold in the third quarter. The hedge fund, which Einhorn founded in 1996, disclosed in its latest regulatory filing that it took a roughly $79 million stake in CNH during the latest quarter. Einhorn also increased his holding in Peloton by roughly 40%, bringing his stake in the company to about $45 million. That led him to buy medium-sized stakes in a few value companies and take a larger position in gold. Einhorn added 3.1% to his holding in SPDR Gold Trust in the most recent quarter, bringing it to $51 million.

Persons: David Einhorn's, Einhorn Organizations: Interactive, CNBC, CNBC's, Alpha, Robin Hood Investors Conference, Cornell, Trust, Capri Holdings, Penn Entertainment, HP, Roivant Sciences, Packaging, Tenet Healthcare Locations: CNH, Holland, New York City, Capri

☆ JPMorgan loves Netflix, predicts Tyson-Paul fight could be most-watched boxing match ever
▼ + stars: | 2024-11-14 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Friday could be a big day for Netflix , according to JPMorgan. The company is set to stream a boxing match between influencer Jake Paul and legend Mike Tyson from the AT & T Stadium in Texas. JPMorgan thinks the fight could be a record breaker and bolster Netflix's ad-tier subscriptions. Enthusiasm around the stock has jumped since Netflix boasted a top- and bottom-line beat for the third quarter last month. LSEG data shows that, of the 48 analysts covering it, 33 rate Netflix a buy or a strong buy.

Persons: influencer Jake Paul, Mike Tyson, Jake Paul, Doug Anmuth, Paul, Tyson, Anmuth Organizations: Netflix, JPMorgan, T, National Football League Locations: Texas

☆ Stocks making the biggest moves midday: Tapestry, Capri, Disney and more
▼ + stars: | 2024-11-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Disney — The media stock popped 6% on stronger-than-expected earnings and guidance, aided by growth in its streaming business. Capri , Tapestry — Both luxury apparel stocks rose after the companies called off their planned merger , citing regulatory hurdles. Cisco Systems — The cybersecurity stock fell 2.1%. Ibotta said it expects fourth-quarter revenue to range between $100 million and $106 million, versus a FactSet estimate of $110.3 million. CNH Industrial — Shares rose more than 6% after Greenlight Capital's David Einhorn revealed at CNBC's Delivering Alpha conference that he took a medium-sized position in the agricultural equipment company.

Persons: Charles Schwab —, Charles Schwab, Ancora, Campbell, Piper Sandler, Ibotta, Greenlight Capital's David Einhorn, —, Jesse Pound, Pia Singh, Alex Harring, Hakyung Kim, Sean Conlon Organizations: Disney, Amazon, ASML, Cisco Systems, Wall, Revenue, Norfolk Southern, American Airlines —, Barclays, Alpha, Advance Locations: Capri

☆ Philippe Laffont’s Coatue makes big bets on China and GLP-1 drugmakers in latest quarter
▼ + stars: | 2024-11-14 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

He also increased his stake in JD.com by 8.2 million shares, or 33,490%, and PDD Holdings by roughly 2.28 million shares, or 741%. Laffont also created new positions in iShares China Large-Cap ETF and KraneShares CSI China Internet ETF . Laffont also made a couple of significant increases to the fund's holdings in Eli Lilly and Novo Nordisk . Facebook parent Meta still remains the fund's largest holding, while Amazon, Microsoft and Nvidia remain in the fund's top 10. The filing also showed increased bets on Eaton Corporation, a name closely tied to the artificial intelligence-related energy infrastructure boom, as well as Constellation Energy and NextEra Energy .

Persons: Philippe Laffont's Coatue, Julian Robertson, Laffont, Donald Trump's, Xi Jinping, Eli Lilly Organizations: Philippe Laffont's Coatue Management, U.S . Securities, Exchange Commission, Tiger Management, PDD Holdings, KraneShares CSI China Internet, Novo Nordisk, Novo Nordisk's ADRs, Broadcom, Microsoft, Nvidia, chipmakers Qualcomm, Devices, Taiwan Semiconductor, Facebook, Amazon, Eaton Corporation, Constellation Energy, NextEra Energy Locations: Alibaba, JD.com, iShares China, China, Novo, chipmakers

☆ This fund has outperformed the S&P 500 over the past 5 years. Here's how
▼ + stars: | 2024-11-13 | by ( Pia Singh | In | ) www.cnbc.com time to read: +7 min

Select Quality Equity Fund (GQEPX) is up 33% in 2024, outpacing the S & P 500's 27% year-to-date total return. It has also outperformed 99% of funds in its category over the past five years, per Morningstar. This matches the rest of the firm's fund strategies, GQG portfolio manager Brian Kersmanc told CNBC. "We focus on this concept of forward quality," Kersmanc explained. So they're considered that sort of a blue chip, almost widow-and-orphan stock within the portfolio," Kersmanc said.

Persons: Morningstar, GQEPX, Brian Kersmanc, Eli Lilly, Kersmanc, Rajiv Jain, it's, Philip Morris, —, It's, they're Organizations: GQG Partners, Equity Fund, CNBC, Nvidia, Exxon Mobil, Kersmanc, Exxon Locations: Florida, GQEPX

☆ Stocks making the biggest moves midday: Shopify, Honeywell, GE Vernova, Twilio and more
▼ + stars: | 2024-11-12 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Shopify's $2.16 billion revenue beat a FactSet estimate of $2.12 billion. Live Nation Entertainment — The live music and entertainment company gained 4% after posting a third-quarter earnings beat. On the other hand, revenue of $7.65 billion missed the $7.75 billion analysts had forecasted. Sea — Shares surged 1.7% after the tech company reported a third-quarter revenue beat. Mosaic — Shares slid 9% after the chemicals company reported disappointing quarterly results.

Persons: Twilio, Wells, Wells Fargo, Donald Trump's, SentinelOne, Tyson, StreetAccount, On's, FactSet, Mosaic, Clint Freeland, Luciano Siani Pires, Scott Strazik, Strazik, Donald Trump, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Jesse Pound, Pia Singh Organizations: Entertainment, Honeywell, Elliott Management, Aerospace, Automation, IAC, Trump Media & Technology, Deutsche Bank, Tencent, Shift4 Payments, GE, Financial Locations: —, Swiss

☆ This stock could be the new 'pick-and-shovel play' in the next wave of AI, Wells Fargo says
▼ + stars: | 2024-11-12 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Twilio could be a standout name as software stocks bounce back heading into the end of the year, according to Wells Fargo. Analyst Michael Turrin upgraded San Francisco-based Twilio to overweight from equal weight and lifted his price target by 50%, or $40, to $120 from $80. That suggests 28% potential upside for the cloud-based communication software company, which has already gained nearly 24% year to date. Underlying Turrin's investment thesis is his belief that software vendors will lead the next phase of AI development. "We believe Twilio can serve as a pick-and-shovel play for the next wave of AI-native front office and communications-powered genAI applications," Turrin said, highlighting the company's integration with OpenAI's Realtime API that allows developers to build low latency speech to speech AI agents into applications.

Persons: Michael Turrin, Turrin Locations: Wells Fargo, San Francisco

☆ Buy this chipmaker as demand for autos chips picks up, Loop Capital says
▼ + stars: | 2024-11-12 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

NXP Semiconductors has a strong growth runway ahead, according to Loop Capital. Analyst Gary Mobley initiated coverage of the Netherlands-based semiconductor manufacturing and design company with a buy rating and $300 price target. That forecast suggests more than 32% upside for the stock, which is down more than 1% year to date. Now, with the stock at current levels, it may be an attractive entry point for investors, Mobley said. "NXPI checks many of these boxes in automotive secular growth drivers," he said.

Persons: Gary Mobley, Mobley Organizations: Semiconductors, Capital Locations: Netherlands

☆ Buy Nvidia as AI adoption is still in the early stages, Redburn Atlantic says
▼ + stars: | 2024-11-12 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Nvidia 's still in early growth stages as artificial intelligence capabilities continue to progress, according to Redburn Atlantic. Analyst Timm Schulze-Melander initiated the stock with a buy rating and a price target of $178, which implies upside of 22.5%. Looking ahead, the analyst sees the AI powerhouse boasting 65% EBIT margin expansion and compound annual earnings growth of 38% between 2024 and 2030. The first growth driver is in accelerated computing, which aims to make AI data processing more efficient, Schulze-Melander said. The second factor behind Nvidia's growth case is the market's underestimation of demand for the company's products and services — even as rivals try to curb the chipmaker's dominance.

Persons: Timm Schulze, Melander, Schulze Organizations: Nvidia

☆ One week later – A look at the Trump trades gaining momentum and those that are fading
▼ + stars: | 2024-11-12 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

The S & P 500 last week scored its best week since November 2023, hitting the 6,000 mark, while the 30-stock Dow Jones Industrial Average climbed above 44,000. Stocks seen as early beneficiaries, among them steelmakers and banks, are losing momentum, while others like Tesla are continuing to climb. Its shares are nearly flat week so far this week. Take a look at the lot: Tesla 's the most popular winner in the group, gaining roughly 21% since Nov. 6, boosted by CEO Elon Musk's close relationship with Trump. Other than Tesla, energy stocks Coterra Energy and Baker Hughes are also moving higher, the latter gaining more than 15% just this month.

Persons: Trump, Donald Trump, Stocks, Tesla, Morgan Stanley, Betsy Graseck, Elon Musk's, Edison Yu, JD Vance, Baker Hughes, Goldman, Citigroup — Organizations: weill, Dow Jones, CNBC Pro, Trump, Caterpillar, Steelmakers Steel Dynamics, JPMorgan, Citizens Financial, Prudential, Republican, Bank of America . Semiconductor, Micron Technology, Arista Networks, Deutsche Bank, Coterra Energy, Bank of America, Citigroup Locations: Wells Fargo

☆ Stocks making the biggest moves premarket: Tesla, Coinbase, Cisco Systems and more
▼ + stars: | 2024-11-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell: Tesla — The electric vehicle stock popped 7% and looked poised to build on last week's 29% surge. Crypto stocks — Stocks tied to cryptocurrencies rallied, with bitcoin topping $82,000 and hitting fresh highs, as Wall Street continued to bet a Trump administration would be more favorable toward the crypto industry. Trump Media & Technology — Trump's social media stock rallied 8% as investors continued pouring money into stocks connected to the president-elect. Valley National Bank — Shares of the New Jersey-based regional bank gained about 3% on light volume after an upgrade to overweight from neutral by JPMorgan. The investment firm said Valley National is making progress on reducing its exposure to commercial real estate.

Persons: Elon, Donald Trump's, Stocks, cryptocurrencies, Trump, Coinbase, MicroStrategy, Cigna, RadNet, — CNBC's Michelle Fox, Jesse Pound, Pia Singh Organizations: bitcoin, Wall, Humana, GE HealthCare, Cisco —, JPMorgan, Cisco, Enterprise Networking, Trump Media & Technology, Bank, National, Cboe, Deutsche Bank Locations: New Jersey

☆ Stocks making the biggest moves midday: AbbVie, Tesla, Cigna, Morgan Stanley and more
▼ + stars: | 2024-11-11 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Crypto stocks — Crypto stocks extended last week's gains as investors basked in the honeymoon period between election day and inauguration day. Coinbase shares jumped 20% and were trading above $300 for the first time since 2021. Wells Fargo jumped 4%, while Bank of America and Morgan Stanley each rose more than 2%. Valley National Bank — Shares popped almost 5% after JPMorgan upgraded the New York-based regional bank to overweight from neutral. Cboe Global Markets — Shares advanced nearly 2% on the back of Deutsche Bank's upgrade to buy from hold .

Persons: Tesla, Trump, Elon Musk, Ernst & Young, MARA, Morgan Stanley —, Wells Fargo, Morgan Stanley, Donald Trump, Tom Homan —, Trump's, Cigna, RadNet, Anthony Elian, Alex Harring, Tanaya Macheel, Jesse Pound, Samantha Subin, Lisa Kailai Han, Michelle Fox Organizations: Bristol, Myers Squibb, Super, MARA Holdings, Bank of America, Geo, U.S, Immigration, Customs, Trump Media & Technology, Trump, Humana, GE HealthCare, Bank, JPMorgan, Cboe, Deutsche, Deutsche Bank Locations: Wells Fargo, York

☆ These are the most overbought stocks after Trump's win this week
▼ + stars: | 2024-11-08 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Several software companies could be due for a pullback after the stock market's roaring rally this week, fueled by president-elect Donald Trump's election victory as well as robust quarterly earnings reports. Shares of video game makers Take-Two Interactive Software and Electronic Arts are two of the stocks that are technically overbought right now, according to the analysis. The most overbought stock this week was human capital management software company Dayforce, with an RSI of 92.4. But higher prices and expectations of normalizing pricing, which helped Coke guide its organic revenue growth this year to the high end of a prior forecast, could lead the stocks higher. Other oversold stocks include power generation company AES , as well as radio frequency equipment maker Qorvo and Regeneron Pharmaceuticals — the latter two of which were also oversold the previous week.

Persons: Donald Trump's, Trump, Morgan Stanley, Mills, Dr Pepper Organizations: Major, Dow Jones, Nasdaq, CNBC Pro, Companies, Electronic Arts, Software, Gilead Sciences, AES, Regeneron Pharmaceuticals Locations: Major U.S, Gilead

☆ Stocks making the biggest moves premarket: Pinterest, Monster Beverage, Bath & Body Works, Trump Media & more
▼ + stars: | 2024-11-08 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Trump Media & Technology Group — Shares of President-elect Donald Trump's media company fell another 4.6% in premarket trading following a 23% plunge in the previous session. The company saw $162 million in revenue, topping the consensus expectation for $150 million. Analysts polled by FactSet penciled in 43 cents in earnings per share and $1.91 billion in revenue. Affirm lost an adjusted 31 cents per share, narrower than the consensus forecast of 35 cents, according to LSEG. Bath & Body Works — The fragrance retailer slid 2.7% in the wake of a Barclays downgrade to underweight from equal weight.

Persons: Donald Trump's, platform's, DraftKings, Sweetgreen, LSEG, Toast, StreetAccount penciling, Versace, Michael Kors, FactSet, BioNTech, Goldman Sachs, Goldman, — CNBC's Sean Conlon, Yun Li, Pia Singh, Samantha Subin Organizations: Trump Media & Technology, LSEG, Arista Networks, Arista, Capri Holdings, Capri, Beverage, Revenue, Barclays Locations: LSEG, BioNTech —

☆ Stocks making the biggest moves midday: Warner Bros. Discovery, AppLovin, Wolfspeed, Lyft and more
▼ + stars: | 2024-11-07 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

The stock had popped 5.9% on Wednesday after the Republican was elected the 47th president of the U.S. Warner Bros. Lyft expects current-quarter bookings to come in between $4.28 billion to $4.35 billion, topping a FactSet consensus of $4.23 billion. Wolfspeed posted revenue of $195 million for the first fiscal quarter, missing the LSEG consensus forecast by $5 million. Arm posted adjusted earnings per share of 30 cents on revenue of $844 million for the second quarter. AppLovin also guided its fourth-quarter EBITDA of $740 million to $760 million, higher than the $667 million StreetAccount forecast.

Persons: LSEG, Donald Trump's, Armour, —, Lyft, Wolfspeed, AppLovin, Zillow, Alex Harring, Sean Conlon, Hakyung Kim, Yun Li, Lisa Kailai Han Organizations: Bros, Dutch Bros, Trump Media & Technology, Republican, U.S, Warner Bros, —, Discovery, FactSet . Arm Holdings, LSEG, Gilead Sciences Locations: Gilead

☆ Evercore ISI says Trump to drive S&P 500 to 6,600 by mid-2025, gives top stocks to play new policies
▼ + stars: | 2024-11-07 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

The firm said it sees the S & P 500 soaring to 6,600 by the end of June 2025. Already, Trump's win has spurred a huge stock market rally, with the S & P 500 soaring 2.5% on Wednesday to notch its best postelection day in history. Since 1932, the S & P 500 has averaged a 152% gain over 50 months during bull runs. The strategist listed several stocks Evercore thinks could benefit from a Trump win, and some that could outperform even further from a red sweep. Trump's win "could bring more favorable regulatory environment — and WFC is one of the most regulatory-impacted names given outstanding asset cap," the firm said.

Persons: Donald Trump's, It's, Dow, Julian Emanuel, Elect Trump, Emanuel, Goldman Sachs, Evercore, Tesla, Elon Musk Organizations: ISI, Trump, GOP, Goldman, Palo Alto Networks, Israel, Exxon Mobil, Halliburton Locations: Wells, Wednesday's, Wells Fargo, China, Israel, Russia, Ukraine, cyberattacks

☆ CNBC Daily Open: Amid focus on elections, don’t neglect market moves
▼ + stars: | 2024-11-06 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Eugene Tanner | AFP | 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 may be tempting to view market moves as a proxy for the direction that the elections will go. But UBS thinks any outsized market moves caused by election volatility is an opportunity for investors to build up their portfolios. The optimism around the economy and markets is shared by Ryan Detrick, chief market strategist at Carson Group.

Persons: Honolulu Hale, Eugene Tanner, Tesla, Elon Musk's, Donald Trump, Stocks, Nomura, Marcelli, Ryan Detrick, Detrick, Fred Imbert, Pia Singh, Jesse Pound, Samantha Subin Organizations: AFP, Getty, CNBC, Democratic, Republican Party, UBS, Americas, UBS Global, Carson Group, White Locations: Honolulu, Honolulu , Hawaii, U.S

☆ Stocks making the biggest moves premarket: Tesla, DJT, CVS Health, Dollar Tree and more
▼ + stars: | 2024-11-06 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Crypto stocks – Shares of Coinbase surged 12% as investors cheered the prospect of a more supportive regulatory environment for cryptocurrency businesses under a second Donald Trump presidency. Bank stocks — Shares of banking stocks soared in premarket trading after Donald Trump's victory spurred investor optimism that the sector could see less regulation . CVS Health — Shares rose 7.5% after CVS posted mixed third-quarter results , citing higher medical costs that weighed on net income. Clean energy stocks — Shares of renewable energy and solar companies slid on worries that Trump's second term could imperil the Inflation Reduction Act and measures to fight climate change. Dollar Tree , Five Below — Shares of Dollar Tree slipped 1.6%, while Five Below moved down 9%.

Persons: Donald Trump, Donald Trump's, Goldman Sachs, Wells Fargo, SunRun, FirstSolar, Wegovy, Trump, CoreCivic, Dan Ives, Tesla, — CNBC's Michelle Fox Theobald, Tanaya Macheel, Brian Evans Organizations: MicroStrategy, Bank, —, Citigroup, Bank of America, Trump Media & Technology, Republican, CVS, Enphase Energy, Novo Nordisk —, GEO Group, Elon, Trump, Wedbush Securities, Tilray, Aurora Cannabis, National Retail Federation Locations: FactSet, Novo Nordisk — U.S, Danish, U.S, Florida, Canada, China

☆ Stocks to buy once election results are clear and volatility eases, according to Bank of America
▼ + stars: | 2024-11-06 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Several stocks could rise if market volatility scales back after Tuesday's U.S. presidential election, according to a Bank of America analysis. Stock market volatility climbed ahead of the election, with the Cboe Volatility Index , known as Wall Street's "fear gauge," crossing 23 on Thursday. But with the winner of the election decided, the VIX has eased to around 16 on Wednesday. To react to this scenario, Bank of America screened for several lower-quality stocks inversely correlated to the VIX that could see a pop in their share prices. Morgan Stanley revised its 2024-25 revenue estimates on NXP lower, expecting a period of stagnation in the automotive semiconductor market.

Persons: Morgan Stanley, Brandon Berman Organizations: U.S, Bank of America, Semiconductors, Builders, United Rentals, Autodesk, financials Citigroup, Blackstone, Citigroup Locations: Netherlands, Europe, Americas

Bitcoin, an asset tied to a Trump victory given the candidates courtship of the industry, soared to a record $75,000 . Heading into the election, investors and analysts pointed to several stocks and sectors that could benefit from a Trump win. Here's a roundup of some of those: Steel stocks If Trump regains the presidency, JPMorgan expects steel stocks to outperform . Related stocks that could outperform under a Trump victory include Nucor , Cleveland-Cliffs , Kaiser Aluminum and MP Materials , according to Peterson. Supporters of Trump have also used the stock as a way to invest in a Trump victory.

Persons: Donald Trump ., Trump, Kamala Harris, Here's, Bill Peterson, Peterson, UBS's, Goldman Sachs, Strategas, Lazard, Wolfe, Tesla, Elon Musk's, Marion Laboure, bitcoin, Nic Puckrin, David Zerzos, Zerzos, Marcelli, Seth Seifman, Russell, Joe Biden, IWM, —, Halliburton, Trump's, ULTA, Michael Bloom, Sean Conlon, Alex Harring, Fred Imbert, Pia Singh Organizations: U.S, NBC, Stock, Dow Jones Industrial, Trump, JPMorgan, Aluminum, Financials Bank of America, of America, UBS's Trump, UBS, Swiss, Citigroup, Citizens, Wolfe Research, GOP, Trump Media & Technology, Trump Media, ISI, Deutsche Bank, Investors, Jefferies, Military, Strategas, Gas Energy, Evercore ISI, Exxon Mobil, Halliburton, Companies Locations: Nucor, Cleveland, U.S, China, U.S . Southern

☆ Stocks making the biggest moves premarket: Trump Media, Hims & Hers, Palantir and more
▼ + stars: | 2024-11-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Palantir reported 10 cents earnings per share on $726 million in revenue. On the other hand, NXP's third-quarter earnings beat analysts' expectations by 2 cents per share, while its $3.25 billion revenue was in line with estimates. Hims & Hers Health — The telehealth stock popped 7.2% after third-quarter earnings exceeded expectations of analysts polled by FactSet on both lines. On the other hand, the company's $3.19 billion revenue missed estimates of $3.20 billion. Marqueta's $128 million revenue was just shy of the $128.1 million consensus from FactSet.

Persons: Donald Trump, Palantir, Rick Dreiling, Michael Creedon, FactSet, LSEG, Burger King, machinists, Astera, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Yun Li, Sarah Min, Pia Singh Organizations: Trump Media & Technology, Republican, White, LSE, NXP, Wynn Resorts, Lattice Semiconductor, DuPont de Nemours, Restaurant, Burger, LSEG, Revenue, Diamondback Energy, Boeing —, Labs, Deutsche Bank, UBS, Deutsche Locations: Netherlands, Americas, Europe, San Francisco, Cleveland, Wells Fargo

☆ Jefferies says this tax software name can jump nearly 20% as it sustains cloud revenue growth
▼ + stars: | 2024-11-04 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Vertex is set to deliver strong cloud growth over the next few years, according to the firm. The company's management expects 28% cloud growth this year, and Samana thinks it can see compounded annual growth of more than 20% through at least 2027. Samana said Vertex's cloud revenue growth opportunity is supported by its September acquisition of e-invoicing provider Ecosio. Vertex could also see continued strong customer migration from on-premise software to the cloud, benefitting its revenue growth and margins, he said. Eight of 12 analysts covering Vertex have a buy or strong buy rating on the stock, LSEG data shows.

Persons: Samad Samana, Samana, mgmt Organizations: Jefferies Locations: Samana

☆ Morgan Stanley upgrades Roblox, says game platform's shares could more than double
▼ + stars: | 2024-11-04 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Roblox is at an inflection point and could see its stock price more than double from here, according to Morgan Stanley. Analyst Mathew Cost upgraded the online game platform to overweight from equal weight and lifted his price target by $27 to $65, suggesting 26.4% upside. The analyst thinks consensus expectations "underappreciates the potential" for Roblox to exceed it 20% bookings growth targets as it continues to grow its audience. That's nearly 10 times faster than the game market this year and the highest level since peak Covid in 2021, he noted. LSEG data shows Roblox is has buy or strong buy ratings from 20 of 33 analysts covering it.

Persons: Morgan Stanley, Mathew, That's Organizations: PlayStation

☆ Stocks making the biggest moves midday: Nvidia, Berkshire Hathaway, Yum China and more
▼ + stars: | 2024-11-04 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Nvidia is slated to replace rival chipmaker Intel , while paint manufacturer Sherwin-Williams will replace Dow Inc . Fox Corp. — Shares rose nearly 4% after the media company surpassed Wall Street's fiscal first-quarter estimates. That surpassed the earnings per share of $1.13 and $3.38 billion in revenue expected by analysts polled by FactSet. The New York Times — The media company's shares fell 6% after The New York Times added fewer-than-expected digital subscribers in the third quarter, even as its digital advertising sales saw its strongest growth in more than two years. The New York Times Tech Guild also announced Monday morning that it is officially on an unfair labor practice strike .

Persons: Sherwin, Williams, Berkshire Hathaway, Warren Buffett's, FactSet, Talen, Marriott, Peter Stern, Chewy, Dow, — CNBC's Michelle Fox, Lisa Kailai Han, Pia Singh, Sean Conlon, Samantha Subin Organizations: Nvidia, Dow Jones, Intel, Dow Inc, Berkshire, Energy, Federal Energy Regulatory Commission, Susquehanna, Amazon, Constellation Energy, Marriott, underperform, Bank of America, Yum China Holdings —, Fox Corp, FactSet, The New York Times, New York Times, New York Times Tech Guild Locations: Shanghai, Yum China

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