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RH — The luxury furniture retailer's shares skyrocketed 13% in premarket trading after the company hiked its forward guidance. RH sees fourth-quarter revenue growth of 18% to 20% from a year earlier, citing "an acceleration of demand." Penn Entertainment — The online sports betting stock popped 5.8% after being upgraded at JPMorgan to overweight from neutral. The bank said it sees a path to aggregate growth ahead as Penn Entertainment's capital projects begin to bear fruit. Salesforce , ServiceNow — Salesforce shares gained 2%, while ServiceNow slid 1.1%.
Persons: Hock Tan, RH, Tesla, Donald Trump's, Elon Musk, Ciena, Morgan Stanley's, Wolfe, Salesforce, ServiceNow, — CNBC's Pia Singh, Michelle Fox, Lisa Kailai Han, Yun Li, Sarah Min, Jesse Pound Organizations: Broadcom —, Broadcom, Reuters, Cruise, Barclays, Penn Entertainment, JPMorgan, Penn, Bank of America, UBS, PayPal, KeyBanc Locations: Needham
Where to find solid income as interest rates cool in 2025
  + stars: | 2024-12-13 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +4 min
"We think now investors should be moving cash off the sidelines and going into longer-term fixed income assets." Second, investors benefit from using fixed income as a hedging component against market downturns, meaning that bonds are generating attractive interest income and longer-dated issues will see price appreciation as rates fall. However, certain corners of the fixed income market are looking attractive, and they could play a role in a diversified fixed income sleeve. For starters, Vishal Khanduja, head of broad markets fixed income at Morgan Stanley Investment Management, pointed to agency mortgage-backed securities. "Fixed income allocations may provide ballast to investors' portfolios to get through volatile periods with a little more stability."
Persons: Dominic Pappalardo, Pappalardo, Vishal Khanduja, Khanduja, Eaton Vance, they're, Morningstar's Pappalardo Organizations: Morgan Stanley Investment Management, Bond, U.S Locations: Mexico
Shares of Broadcom popped more than 21% Friday morning, pushing the company's market cap beyond $1 trillion for the first time. In Broadcom's semiconductor solutions group, which includes its AI chips, revenue increased 12% to $8.23 billion from $8.03 billion a year ago. The company said AI revenue jumped 220% for the year to $12.2 billion. The stock popped in after-hours trading Thursday when Broadcom CEO Hock Tan said the company is developing custom AI chips with large cloud customers. Analysts at Bank of America reiterated their buy rating on the stock, in part because of its "surging AI opportunity."
Persons: Hock Tan, Bernstein, Tan, Jensen, management's, Morgan Stanley, — CNBC's Michael Bloom, Kif Leswing Organizations: Broadcom, Nvidia, Bank of America, NVDA's, stoke Locations: San Jose , California
Stanley issued a recall on 2.6 million of its popular steel cups, citing concerns about loose tops that have led to dozens of burn injuries, officials said Thursday. This action revolves around "all Stanley Switchback and Trigger Action stainless steel travel mugs sold in the United States" between June of 2016 through this month, according to a statement by the Consumer Product Safety Commission. The recall covers 12- and 16-ounce Switchback models and 12-, 16- and 20-ounce Trigger Action cups, which were all made in China. The company has received 91 reports, 16 in the United States, of the targeted mugs' "lids detaching during use, resulting in 38 burn injuries worldwide, including two burn injuries in the U.S., with 11 consumers worldwide requiring medical attention," according to the safety commission. Stanley cups have become a wildly popular, go-to hydration tool of millions of Americans seeking to have water or another beverage close at hand at all times.
Persons: Stanley, Stanley Switchback Organizations: Consumer Product Safety Commission, Amazon, Walmart, Target, Sporting Goods Locations: United States, China, Seattle, U.S, Northern California, Roseville
Stanley is offering free replacement lids in a recall affecting 2.6 million insulated travel mugs. The US Consumer Product Safety Commission said Stanley has received reports of 38 burn injuries worldwide. Advertisement"We ask that all customers in possession of either product immediately stop use and reach out to Stanley 1913 for a free replacement lid," the company said. AdvertisementThe US Consumer Product Safety Commission said Stanley has received 91 reports of defected products worldwide, which have resulted in 38 burn injuries. Customers can check their product's identification number, found on the bottom of the mug, in an online portal where they can register for a free replacement lid.
Persons: Stanley Organizations: US Consumer Product Safety, Consumer Product Safety, Stanley, Amazon, Walmart, Dick's Sporting Goods, Target
President-elect Donald Trump 's picks for top regulators may not lead to a total free-for-all of corporate dealmaking, but they should be more than enough to unleash the pent-up demand for mergers and acquisitions, according to Morgan Stanley. "New Trump appointments at FTC and DOJ likely come with a more traditional, lighter touch antitrust framework. This should drive up animal spirits and improve corporate clarity in an M & A environment where market conditions are already supportive for activity," Kenny said. Clarity could be a key buzzword in the coming months, as some of the antitrust actions brought under current FTC Chair Lina Khan were novel and scared off other potential deals, Kenny said. Those companies should get a piece of the M & A action, regardless of what sector sees the most activity.
Persons: Donald Trump, Morgan Stanley, Ryan Kenny, Trump, Andrew Ferguson, Gail Slater, Biden, Kenny, Lina Khan, Ferguson, Kenny's, Goldman Sachs Organizations: Federal Trade Commission, Wall, Trump, FTC, DOJ, Big Tech
What to watch for in municipal bonds under Trump 2.0
  + stars: | 2024-12-12 | 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 EmailWhat to watch for in municipal bonds under Trump 2.0Craig Brandon, co-head of municipal investments at Morgan Stanley Investment Management, joins CNBC's 'The Exchange' to discuss investing in municipal bonds under Trump 2.0, how Trump's proposed tax cuts could impact the muni market, and more.
Persons: Craig Brandon Organizations: Trump, Morgan Stanley Investment Management
Michael Nagle | Bloomberg | 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. The reading clears the way for the Fed to cut rates, which is likely to send tech shares higher. Irwin increased his price target to $380 from $85, noting in a report that "Musk's authentic support for Trump likely doubled Tesla's pool of enthusiasts and lifted credibility for a demand inflection." On Wednesday, analysts at Goldman Sachs boosted their price target on Tesla, joining bullish reports from firms like Morgan Stanley and Bank of America.
Persons: Michael Nagle, Donald Trump's, Tesla, Elon Musk, Vivek Ramaswamy, Trump, Craig Irwin, Roth MKM, CNBC's, Irwin, Goldman Sachs, Morgan Stanley, — CNBC's Lora Kolodny, Ari Levy Organizations: Nasdaq, Bloomberg, Getty, CNBC, Tech, Amazon, Fed, Trump administration's Department, Government, Trump, Goldman, Bank of America Locations: New York
A federal court struck down a rule requiring Nasdaq-listed companies to disclose board diversity. Legal experts say the ruling won't likely impact Goldman Sachs' board diversity mandate. Since 2020, the investment bank has only helped take public clients with diverse boards. AdvertisementIn 2020, David Solomon, CEO of Goldman Sachs, a top underwriter of initial public offerings, announced that the bank would start requiring the clients it helps take public to have at least one diverse board member. It has also tasked one of its rising stars with a new role helping corporate clients find diverse board members.
Persons: Goldman Sachs, Wall, David Solomon, Goldman, Ann Lipton, George Floyd, Morgan Stanley, Fortune, Ilana Wolfe Organizations: Nasdaq, Fifth Circuit, Securities, Exchange Commission, Companies, Exchange, SEC, Tulane University's, Bloomberg, Goldman
Here are Thursday's biggest calls on Wall Street: UBS upgrades Diageo to buy from neutral UBS said it sees brand momentum for the beverage company. JPMorgan upgrades Brookfield Renewables to overweight from neutral JPMorgan said it's bullish on shares of the renewables company. Wells Fargo reiterates McDonald's as overweight The firm said it's a top idea heading into the holidays and 2025. " Bank of America upgrades Constellation Energy to buy from neutral The firm said shares of the energy company are "compelling." Goldman Sachs reiterates AT & T as buy The firm said the telecom company is a top idea in 2025.
Persons: Don Julio, Goldman Sachs, Nucor, Bernstein, Apple, it's, Morgan, Wells, Blackstone, TD Cowen downgrades Adobe, Cowen, KeyBanc, Mizuho, Morgan Stanley, Roblox, Hershey, it's bullish, Woodward, Goldman, bullish, TD Cowen, Baird, Palantir, Dr Pepper, Disney, Parsons, Jefferies Organizations: UBS, Diageo, Crown, Dynamics, Gulfstream, Apple, JPMorgan, Brookfield Renewables, Brookfield Renewable Partners, Brookfield Renewable Corp, Morgan Stanley, Alcoa, Mobile, Nvidia, Mizuho, MU, DELL, HSBC, Hershey, UW, EW, Citi, American Airlines, Benchmark, Penske, Penske Auto Group, AWS, Adv, Energy, Deutsche Bank, Pepsi, Deutsche, Beverage, Disney, " Bank of America, Inc, Holdings, Constellation Energy, Constellation Energy Group, DoD, Federal Civilian, Emerson Electric, Jazz Pharmaceuticals Locations: Western Australia, Wells Fargo, 1H25, CRDO, Mar
The price of YouTube TV is going up again — and cord-cutters around the internet are up in arms. Before this hike, YouTube TV was generally cheaper than many rival streaming TV packages from competitors such as Hulu + Live TV, Fubo TV, Spectrum, and DirecTV. These factors helped YouTube TV grow to 8 million customers (as of earlier this year) and far outpace its digital rivals. AdvertisementGoogle may also have raised YouTube TV prices to help cover its investment in NFL Sunday Ticket. "We give all members the flexibility to cancel their membership at any time," the YouTube TV spokesperson said in their statement.
Persons: that's, , Morgan Stanley Organizations: YouTube, Google, Hulu, Disney, ESPN, DirecTV, US Bureau of Labor Statistics, NFL Sunday
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlready a 'done deal' for Fed to cut rates in December meeting, says Morgan Stanley's ZentnerEllen Zentner, Morgan Stanley Wealth Management chief economic strategist, joins 'Money Movers' to discuss Zentner's thoughts on the latest inflation data, the outlook for the employment rate, and the biggest risk for the Federal Reserve.
Persons: Morgan Stanley's, Ellen Zentner, Morgan Organizations: Fed, Morgan Stanley Wealth Management, Federal Reserve
CNBC Daily Open: Is quantum computing viable?
  + stars: | 2024-12-11 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: +2 min
Quantum computing background concept. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Quantum computing uses quantum bits or qubits which can be zero, one or something in between. Will we see faster laptops, faster smartphones, or can quantum computing be used for artificial intelligence applications? After all, if there are currently no real world uses for quantum computing, the solution cannot be put to solving problems, let alone commercialized.
Persons: Stanley, CNBC's Arjun Kharpal Organizations: CNBC, Marvel, HAL
Alphabet spikes after Google announces 'breakthrough' quantum chip Shares of Google's parent company Alphabet rose 6% on Tuesday, a day after the company hailed its latest quantum computing chip as a "breakthrough." Quantum computing uses quantum bits or qubits which can be zero, one or something in between. Will we see faster laptops, faster smartphones, or can quantum computing be used for artificial intelligence applications? Proponents of quantum computing claim it will be able to solve problems that current computers can't. After all, if there are currently no real world uses for quantum computing, the solution cannot be put to solving problems, let alone commercialized.
Persons: Bernstein, Lifeng, Donald Trump's, Goldman Sachs, Stanley, CNBC's Arjun Kharpal Organizations: CNBC, Trump, Blackrock, Citigroup, Google, Marvel, HAL Locations: China, Beijing
Here are Wednesday's biggest calls on Wall Street: Wells Fargo initiates Reddit as overweight The firm said it sees several "upside drivers" for Reddit. Goldman Sachs initiates OneStream as buy Goldman said it sees a "premium growth opportunity" for the cloud-based corporate performance management platform. Citi reiterates Coca-Cola as buy Citi said the beverage company is a top idea in 2025. Bank of America downgrades Duolingo to neutral from buy Bank of America downgraded the stock mainly on valuation. ... .While we have some reservations about the growth / growth synergy story, easy comparisons and other points should support this narrative in the next year."
Persons: Goldman Sachs, Tesla, Goldman, it's bullish, it's, Morgan Stanley, DAL, TD Cowen, Lam, Wells, Bernstein, Stifel, DR, PulteGroup, PHM, KeyBanc Organizations: Wells, Citi, " Bank of America, Bank of America, Alaska Airlines, JPMorgan, Boeing, Aero, Lam Research, Micron, MU, Broadcom, JPMorgan downgrades, Artificial Intelligence, Netflix, Barclays, Lennar, underperform Bank of America, Deutsche, Frontier, AMD Locations: OW, MPWR, NVDA
What to expect from next week's Fed meeting
  + stars: | 2024-12-11 | 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 EmailWhat to expect from next week's Fed meetingGregory Daco, chief economist at EY-Parthenon, and Brian Weinstein, Morgan Stanley Investment Management head of global markets, join 'The Exchange' to discuss their expectations for the Fed next week, their interest rate forecast for 2025, and more.
Persons: Gregory Daco, Brian Weinstein, Morgan Organizations: Fed, Morgan Stanley Investment Management Locations: EY
Tesla's market value has swelled by about 66% this year, with almost all of those gains coming since Donald Trump's election victory early last month. The stock's 38% rally in November marked its best monthly performance since January of 2023 and its 10th best on record. Musk said during a Tesla earnings call in October that he intended to use his sway with Trump to establish a "federal approval process for autonomous vehicles." "The stock is responding to the Trump bump," Craig Irwin, an analyst at Roth MKM, told CNBC's "Squawk on the Street" last week. In its third-quarter earnings report in October, Tesla reported a year-over-year revenue increase of 8%, which fell just shy of estimates.
Persons: Donald Trump, Elon Musk, Tesla, Elon, Donald Trump's, who's, Vivek Ramaswamy, Musk, Trump, Craig Irwin, Roth MKM, CNBC's, Irwin, Goldman Sachs, Morgan Organizations: SpaceX, Trump, Republican, Department of Government, Goldman, Morgan Stanley, Bank of America Locations: Brownsville , Texas, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect a 'stabilization of regulation' in financials under Trump: Morgan Stanley's Betsy GraseckBetsy Graseck, Morgan Stanley global head of banks and diversified finance research, joins 'Squawk Box' to discuss the company's latest large cap banks upgrades and downgrades in 2025, impact of President-elect Trump's election victory on financials, and more.
Persons: Morgan Stanley's Betsy Graseck Betsy Graseck, Morgan Stanley, Trump's Organizations: Trump Locations: financials
Prepare for Oracle shares to take a breather after triumphing as one of the hottest artificial intelligence plays of 2024, Wall Street says. Oracle has outperformed this year as investors bet on infrastructure cloud players to benefit as companies hunt for strong computing to power data-hungry AI workloads. ORCL YTD mountain Shares this year But the stock could face pushback from here after its monstrous run, according to some Wall Street firms. The analyst retained his neutral rating and 2024 estimates, saying that a light quarter suggests a "steeper ramp" in revenue and cloud expectations. Bank of America's Brad Sills reiterated that Oracle's spending is a concern as gross margins could face some near-term pressure.
Persons: That's, we're, Citi's Tyler Radke, Morgan Stanley's Keith Weiss, Bank of America's Brad Sills, JPMorgan's Mark Murphy Organizations: Oracle, Wall, Bank of America's
Citi names Apple a top 2025 pick Citi said Apple remains a top idea heading into 2025. Morgan Stanley names Tesla a top 2025 pick Morgan Stanley raised its price target on Tesla to $400 per share from $310. Piper Sandler names Alphabet a top pick Piper said it's bullish on the stock heading into 2025. Citi reiterates Broadcom as buy Citi raised its price target on Broadcom to $205 per share from $175 ahead of earnings later this week. Citi names Dell a top 2025 pick Citi said Dell is a top idea in 2025.
Persons: Bernstein, Morgan Stanley, Tesla, Piper Sandler, Piper, it's bullish, Piper Sandler downgrades Pinterest, Pinterest, Goldman Sachs, Goldman, Dell Organizations: JPMorgan, Green Realty, Green, Walmart, Citi, Apple, Airlines, Management, Cruise Line, Mizuho, Ball, Cipher, Broadcom, BMO, UPS, Deutsche Bank, Oracle, Deutsche, " Bank of America, Chevron, Chevron Corp, Dell, Motors Locations: United, Norwegian, BevCan
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
Alphabet said this marks a major breakthrough in the field of quantum computing, leading shares 4% higher. Oracle — Shares dropped 8% after the cloud infrastructure company fell short of Wall Street's fiscal second-quarter expectations. SiriusXM — The radio operator tumbled 10% after the company appointed a new chief operating officer and announced cost-cutting initiatives. HealthEquity — The health savings account custodian gave a disappointing revenue forecast, saying it expects revenue between $1.275 billion to $1.295 billion for fiscal 2026. Analysts polled by FactSet expected a profit of $4.34 per share on revenue of $3.17 billion.
Persons: SiriusXM, Vail, Morgan Stanley, HealthEquity, FactSet, Piper Sandler, Mike Sievert, Centene, Jefferies, Bernstein, CoreCivic, Brian Violino, Donald Trump, Goldman Sachs, Goldman, , Alex Harring, Hakyung Kim, Samantha Subin, Yun Li, Lisa Kailai Han, Jesse Pound, Michelle Fox Organizations: Oracle —, Alaska Air Group —, Alaska Air, Barclays, Mobile, Jefferies, eBay, American Airlines Group, American Airlines, Securities, Toll, Norwegian Cruise Locations: Tokyo, Seoul, Seattle, China, Norwegian
General Motors said that it would no longer fund robotaxi development by self-driving car company Cruise. GM said it will instead turn its focus on advanced driver assistance systems and autonomous systems in personal vehicles. Dave & Buster's posted a loss of 84 cents per share on revenue of $453 million in the third quarter. That was worse than the Street's estimates for a loss of 37 cents a share and $466 million in revenue, per LSEG. GE Vernova also announced it would initiate a dividend of 25 cents per share and a $6 billion repurchase authorization.
Persons: Buster's, Chris Morris, GE Vernova, Skillsoft, Morgan Stanley, Cantor Fitzgerald, , Darla Mercado Organizations: General Motors, Cruise, GM, Buster's, GE, FactSet, Rocket Pharmaceuticals, Leerink Partners, LifeSci
Increased advertising spend gives Reddit a leg up over its peers, according to Morgan Stanley. RDDT YTD mountain RDDT YTD chart Morgan Stanley has stayed on the sidelines with Reddit during the year, which analyst Brian Nowak acknowledged as a mistake. This leads to ~35% '24-'27 US Ad revenue growth ... which is 2X-6X faster than peers." Nowak also expects ad spending to increase with Reddit's technological adoption, which includes machine learning modeling and end-to-end automation. He added that Reddit's U.S. ad unit pricing remains around 50% lower than that of its peers.
Persons: Morgan Stanley, Brian Nowak, Nowak Organizations: Reddit
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market has gotten 'too frothy' in one group of stocks, says Morgan Stanley's Andrew SlimmonAndrew Slimmon, Morgan Stanley Investment Management senior portfolio manager, joins 'Squawk Box' to discuss the latest market trends ahead of the opening bell on Monday.
Persons: Morgan Stanley's Andrew Slimmon Andrew Slimmon, Morgan Organizations: Morgan Stanley Investment Management
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