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☆ Stocks making the biggest moves premarket: Warby Parker, HP, Point Biopharma and more
▼ + stars: | 2023-10-03 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Co-CEOs Neil Blumenthal and Dave Gilboa of Warby Parker at the New York Stock Exchange on Sept. 29, 2021. Warby Parker — Warby Parker jumped about 4% after Evercore ISI upgraded the eyeglass retailer to an outperform rating, saying shares could rally more than 50% as the company's margins and revenue growth reaccelerate. Eli Lilly , Point Biopharma — Shares of Point Biopharma popped 85% after Eli Lilly announced it would buy the cancer therapy maker for $12.50 a share in cash, or roughly $1.4 billion. Warner Music Group — Warner added 3.5% after UBS upgraded the stock to buy from neutral. Emerson Electric — The industrial giant dipped 1% in premarket trading after UBS downgraded the stock to neutral from buy, citing the company's valuation and limited upside.

Persons: Neil Blumenthal, Dave Gilboa, Warby Parker, Warby Parker — Warby Parker, Eli Lilly, Biopharma, McCormick —, McCormick, Roth MKM, —, Alex Harring, Sarah Min, Michelle Fox, Pia Singh Organizations: New York Stock Exchange, ISI, HP, Bank of America, StreetAccount, Warner Music Group, Warner, UBS, KeyBanc, Emerson

☆ Tech stocks are still sliding after closing out their worst month of 2023
▼ + stars: | 2023-10-03 | by ( Ari Levy | ) www.cnbc.com time to read: +2 min

Tech stocks are following up their worst month of the year with a rough start to October as a spike in interest rates pushes investors out of risky assets. Like most tech stocks that were viewed as growth engines during the Covid-19 pandemic, Airbnb rallied in 2021 — just after its Nasdaq debut — and then sank last year. It has bounced back in 2023 but rising interest rates and ongoing concerns about high energy prices and the potential for a recession have investors rotating out of the stock of late. Among mega-cap tech stocks, Amazon suffered the steepest drop, falling 3.7% to $124.72. Amazon is coming off its worst month since February as the company faces the potential of a disappointing holiday shopping season and a massive antitrust lawsuit from the Federal Trade Commission.

Persons: it's, Airbnb, — Organizations: Nasdaq, KeyBanc, Treasury, Federal Reserve, Amazon, Federal Trade Commission, Microsoft, Meta

☆ More than 40% of labor force to be impacted by AI in three years, Morgan Stanley forecasts
▼ + stars: | 2023-10-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The growth of artificial intelligence soon could have some big implications for the labor market, according to Morgan Stanley. Today, Morgan Stanley pegs the AI impact at $2.1 trillion — affecting 25% of labor. The projections from Morgan Stanley come amid a stellar run for artificial intelligence-related stocks in 2023. Should generative AI adoption among enterprise workloads hit 20% over the next three year, it poses a $150 billion global enterprise spending opportunity, Morgan Stanley projects. An artificial intelligence sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023.

Persons: Morgan Stanley, Brian Nowak, Nowak, Aly Song Organizations: TAM, Public Cloud, Artificial Intelligence Locations: Shanghai

☆ As interest rates soar, buy stocks like this homebuilder, Wall Street analysts say
▼ + stars: | 2023-09-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Interest rates keep climbing, but that's not stopping Wall Street analysts from finding a slew of stocks to buy. CNBC Pro combed through top Wall Street research to find stocks that are beneficiaries of high interest rates. HealthEquity "We view HQY as an attractive investment in a higher interest rate environment that can function as a portfolio diversifier," according to Baird analyst Mark Marcon. The firm said as middle market businesses face rising interest rates, Bunge can take advantage. Toll Brothers High interest rates are no problem for the homebuilder, Raymond James analyst Buck Horne said in a recent note.

Persons: Bunge, Baird, Mark Marcon, Marcon, Goldman Sachs, Adam Samuelson, Samuelson, Raymond James, Buck Horne, Horne, homebuilders, TOL, HealthEquity, Morgan Stanley Organizations: CNBC, Bank of America, Toll, HealthEquity, Costco, Evercore ISI, CMA, Catering Locations: HealthEquity, homebuilders, homebuilding

☆ Wall Street expects struggling Nike is turning things around, sees 50% to 60% upside
▼ + stars: | 2023-09-29 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Nike also reiterated its full-year guidance for midsingle-digit revenue growth. NKE YTD mountain Nike stock. The firm maintains an overweight rating on Nike stock and forecasts nearly 53% upside from Thursday's $89.62 close. McShane has a $136 per share price target on Nike stock, which implies more than 51% upside. Despite a near-term "choppy" outlook for Nike growth, the analyst says the company is well-positioned to navigate headwinds including "tough comparisons" and stiffer competition.

Persons: Matthew Boss, aren't, Jay Sole, Goldman Sachs, Kate McShane, McShane, Morgan Stanley's Alex Straton, Straton, Paul Lejuez, Lejuez, — CNBC's Michael Bloom Organizations: Nike, LSEG, JPMorgan, UBS, Paris Olympics, Air Max, 2Q, Citi Locations: U.S

☆ Wall Street may be overlooking a key AI investing area and these potential winners
▼ + stars: | 2023-09-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Wall Street may be underestimating the potential for one major investing area to underpin generative artificial intelligence models: data. Now, as Wall Street has begun evaluating the secondary and tertiary winners of this long fight, investors may want to search for the data companies that also could triumph. Finding the data winners Engineers rely on data to train AI models, improve their performance and create a productive and relevant technology used by millions of consumers. "Right now, AI for them is an expense because they've got to train the models," he said. The median Wall Street price target on Oracle implies about 24% upside for the stock, which has already jumped 28% in 2023.

Persons: Raimo Lenschow, Paul Meeks, they've, Meeks, Snowflake, Michael Bloom Organizations: Nvidia, Microsoft, Nasdaq, Barclays, Solutions Wealth Management, Oracle, ServiceNow, Intuit, Companies, HSBC Locations: Salesforce

Meta's AI initiatives are likely to be a key aspect of how it monetizes products and services going forward, while bringing more users and customers into the AI fold. Whereas Meta's headset is priced for mass-market adoption, Apple's headset is clearly a premium device targeted to those who demand the most cutting-edge technology — such as micro-OLED lenses with eye-tracking capabilities . Similarly, JMP Securities argued that the event "highlights Meta's AI tailwinds," which could "unlock additional advertising budgets with new chat-based customer service." Meanwhile, we expect adoption of Meta's Quest 3 hardware to grow. But the integration of the Meta AI assistant into that platform should ultimately make the glasses a more valuable product over time.

Persons: Ray Ban, Jim Cramer, Bing, Ray, Meta, Jim Cramer's, Jim, Mark Zuckerberg, Josh Edelson Organizations: Meta's, Meta, EssilorLuxottica, Apple, Microsoft, JMP Securities, CNBC, AFP, Getty Locations: Menlo Park , California

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: BlackRock's Rick Rieder on what's worrying him most about the financial marketsCNBC'S Michael Santoli is joined by Rick Rieder, BlackRock's chief investment officer of global fixed income, at the 13th annual Delivering Alpha conference to discuss potential headwinds and tailwinds for investors for the last quarter of 2023.

Persons: Rick Rieder, Michael Santoli Organizations: Alpha

☆ Here are the 12 stocks Jim Cramer is watching, including a dire consumer forecast
▼ + stars: | 2023-09-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +2 min

But keeps buy rating ahead of the video streamer's quarterly earnings out next month. Online advertising tech company Trade Desk (TTD) started with a buy rating and a $100-per-share price target at UBS. Bank of America cuts price target on Advance Auto Parts (AAP) to $60 per share from $75. Paychex (PAYX) gets multiple price target increases at TD Cowen (keeps buy rating), Morgan Stanley (keep hold rating), and Bank of America (keeps sell rating). Barclays cuts price target on United Parcel Service (UPS) to $175 per share from $180.

Persons: Matt Boss, Banks, Morgan Stanley, Jim Cramer's, Carl Eschenbach, Aneel, TD Cowen, Cowen, Price Organizations: JPMorgan, Netflix, Trade, UBS, BMO Capital, Bank of America, Parts, Diageo, DEO, CNBC, Club, Corona, Modelo, Constellation Brands, Walgreens, Alliance, Barclays, United Parcel Service Locations: Fargo

☆ Morgan Stanley says this toy stock is a top pick that can rally more than 25%
▼ + stars: | 2023-09-27 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Toymaker Mattel can shine even as the environment for consumer companies looks shaky, according to Morgan Stanley. Analyst Megan Alexander initiated Mattel with an overweight rating, calling it a top pick, and assigned the the stock a price target of $27. That suggests the stock could gain 27.2% over the next 12 months. Alexander noted that headwinds reflecting the tough macroeconomic outlook are partly priced into the stock, but that revisions haven't bottomed yet. "They expect a decline in goods consumption, in particular durable goods, and a deceleration in services consumption."

Persons: Morgan Stanley, Megan Alexander, Alexander, Morgan Stanley's, Michael Bloom Organizations: Mattel

☆ What a stressed commercial real estate market means for these exposed bank stocks
▼ + stars: | 2023-09-27 | by ( Morgan Chittum | ) www.cnbc.com time to read: +9 min

Banks are facing mounting uncertainty as the commercial real estate (CRE) sector continues to struggle. Commercial real estate landscape Higher interest rates, tightening credit conditions and elevated office vacancies are weighing down the estimated $21 trillion commercial real estate sector . A lagging commercial real estate market can strain a bank's capital reserves while a stronger market can boost incomes from lending and fees. While there's reason for concern in the broader commercial real estate market, we see the most pronounced challenges unfolding in offices. CEO Charlie Scharf said the bank sustained "higher losses in commercial real estate, primarily in the office portfolio."

Persons: Banks, Wells, Morgan Stanley, Morgan Stanley's dealmaking, Tomasz Piskorski, Piskorski, Jim Cramer, Morgan, deteriorations, Tailwinds, JPMorgan Chase, Wells Fargo, Michael Santomassimo, Charlie Scharf, Jeff Marks, Wells Fargo execs, Santomassimo, Jim Cramer's, Jim, Collin Madden, Karen Ducey Organizations: Columbia Business School, Federal Reserve, CNBC, That's, Semiconductor, Arm Holdings, Rivian, IB, Barclays, JPMorgan, GEM, Estate Partners, South Lake Union Locations: Wells, CRE, U.S, Wells Fargo, South Lake, Seattle , Washington

☆ JPMorgan’s top stock guru stays bearish on market, sees headwinds for any risk asset
▼ + stars: | 2023-09-27 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

"This reasoning is based on market valuations (fundamentals), investor positioning, and various macro and geopolitical considerations." Higher-for-longer interest rates from the Federal Reserve have stoked investor worry on Wall Street. Kolanovic is JPMorgan's chief global market strategist who gained notoriety for correctly calling the post-pandemic rebound in stocks, something very few on Wall Street anticipated. In the near term, the strategist believes stocks could fall further until some of these headwinds subside. Most Wall Street strategists expect the S & P 500 to rebound above 4,300 before the year is out, according to the exclusive CNBC PRO strategist survey .

Persons: JPMorgan's Marko Kolanovic, Kolanovic, CNBC's Michael Bloom Organizations: Federal Reserve, Treasury, CNBC PRO

☆ Resourcify is helping big companies manage their waste more sustainably. Check out the 10-slide pitch deck the startup used to raise a $14.9 million Series A.
▼ + stars: | 2023-09-27 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Resourcify, a circular economy and waste-management startup, has secured a 14 million euro (around $14.9 million) Series A round to help firms manage waste more efficiently. Waste management is currently complex and opaque, according to Resourcify CEO Gary Lewis. Resourcify aims to make this cheaper and easier by digitizing the process and connecting local waste collection and recycling companies with its customers. Lewis describes the technology as an "operating system" for waste management. Check out the 10-slide redacted pitch deck Resourcify used to raise the funds below.

Persons: Gary Lewis, Lewis, Johnson Organizations: Companies, Frankfurt Airport, Vorwerk Ventures, Revent, Ananda Impact Ventures, Speedinvest, WEPA Ventures Locations: Hamburg

☆ Top Wall Street analysts are bullish on these dividend stocks
▼ + stars: | 2023-09-24 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Bearing that in mind, here are five attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. PEG's dividend yield is 3.8%. SO offers a dividend yield of 4%. In January, the oil and gas giant increased its quarterly dividend by about 6% to $1.51 per share, making 2023 the 36th straight year with a higher dividend payment. It paid a cash dividend worth $1.9 billion in the quarter and repurchased 2.4 million shares.

Persons: Michael Wirth, Adam Jeffery, Wall, Shelby Tucker, Tucker, Southern Company Tucker, Goldman Sachs, Neil Mehta, Mehta, Baird, Tristan Gerra, Gerra Organizations: Chevron, CNBC, Public Service Enterprise, Public Service Enterprise Group, RBC Capital, Public Service Electric and Gas, TipRanks, Southern Company, Southern, Chevron Hedge Fund, Broadcom Semiconductor, Broadcom, Nvidia, Myers Locations: U.S, New Jersey, TipRanks, Bristol

☆ 'Mispriced' stocks like this solar name are too attractive to ignore, Bank of America says
▼ + stars: | 2023-09-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Earlier this week, however, the bank lifted its rating to buy from neutral, saying ESAB is too attractive to ignore. "In our view, ESAB is a mispriced asset and the discount to peers is likely to narrow with the upcoming [December] Investor Day as a catalyst," El-Sabbahy wrote. First Solar Analyst Julien Dumoulin-Smith is getting increasingly bullish on shares of the solar company. ESAB "ESAB is executing better than expected (leverage falling, margin expanding, growth outperforming) and we have a renewed appreciation of its portfolio. In our view, ESAB is a mispriced asset and the discount to peers is likely to narrow with the upcoming [December] Investor Day as a catalyst."

Persons: ESAB, Sherif El, Sabbahy, Julien Dumoulin, Smith, BofA, FSLR, Didier Scemama, ASML, Scemama, mgmt, RMD Organizations: of America, CNBC Locations: Swedish, GLP

☆ Green energy’s tailwinds blow the other way
▼ + stars: | 2023-09-22 | by ( Peter Thal Larsen | ) www.reuters.com time to read: +7 min

Falling costs, cheap capital and supportive politicians helped propel a headlong rush into renewable power. As relations with China deteriorate, the United States and Europe are increasingly concerned about the country’s grip on parts of the green energy supply chain. In recent roundtable discussions moderated by Breakingviews on both sides of the Atlantic, participants expressed optimism about the momentum of investment in green energy. The IRA has unleashed a green energy boom. The world can ill afford to relax its embrace of green power.

Persons: Rishi Sunak, –, Joe Biden’s, Jared Cohen, Goldman Sachs, Breakingviews, carmaker Ford, Rishi Sunak’s, Pennsylvania’s Penn, George Hay, Sharon Lam, Aditya Sriwatsav Organizations: Britain's, Downing, Reuters, Global, International Energy Agency, International Renewable Energy Agency, Energy, Commission, Applied Innovation, Goldman, Amperex Technology, Companies, British, MIT’s Center for Energy, Environmental, Research, University, Pennsylvania’s, Thomson Locations: London, Ukraine, U.S, China, United States, Europe, People’s Republic, Vietnam, Mexico

☆ 'Incredibly compelling': The pros love small-cap stocks right now. Here are their top picks
▼ + stars: | 2023-09-21 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Matt Orton, chief market strategist at Raymond James Investment Management, was the latest to urge investors to "strategically add" to small-cap stocks right now. Tom Ognar, senior portfolio manager at Allspring Global Investments, said small- and mid-cap stocks look the "most incrementally interesting" among growth stocks. "We're very attuned to the valuation discounts currently being afforded to small- and mid-cap stocks after protracted periods of underperformance relative to large-cap stocks," he said. It screened for the best small-cap stocks to play an economic recovery. RBC Capital Markets also released, in a September note, an updated list of what it called "high conviction" U.S. small-cap growth recommendations.

Persons: Matt Orton, Russell, CNBC's, Orton, Tom Ognar, Ognar, CNBC'S, Valvoline, it's, — CNBC's Michael Bloom Organizations: Raymond James Investment Management, Allspring Global Investments, . Bank of America, Microsystems, Technologies, RBC Capital Markets, Automotive, RBC, Clearwater Analytics, Clearwater, Xenon Pharmaceuticals

☆ Shares of this residential solar company could more than double, predicts Guggenheim
▼ + stars: | 2023-09-21 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Growing solar panel installations and a smart play around interest rates are set to propel shares of Sunrun higher, according to Guggenheim. Analyst Joseph Osha reiterated his buy rating for the residential solar company in a note Thursday and raised his price target to $36 from $35. "We believe that RUN should be the best-performing of the residential solar developer stocks for this year and next," Osha wrote. Osha's upgrade comes even as Sunrun shares have plummeted almost 44% in 2023, underperforming even the Invesco Solar ETF (TAN) , which is down 26% during that time. "Our 9% outlook for RUN's MW installations is moderately above consensus."

Persons: Joseph Osha, Sunrun, Michael Bloom Organizations: Guggenheim, Osha Locations: California

☆ Here are Wednesday's biggest analyst calls: Apple, IBM, Disney, Amazon, Instacart, Nike, Boeing and more
▼ + stars: | 2023-09-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are the biggest calls on Wall Street on Wednesday: Morgan Stanley reiterates Apple as overweight Morgan Stanley said its iPhone survey checks show that China is a "bright spot." Needham initiates On Holding as buy Needham said the shoe manufacturer is one of the "fastest growth stories" in retail. Needham initiates Lululemon as buy Needham said in its initiation of Lululemon that it has "superior growth characteristics." Morgan Stanley downgrades Zebra Holdings to underweight from equal weight Morgan Stanley said the turnaround is taking longer than expected for the computer printing tech company. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said Amazon's Tuesday announcement of seasonal hires is a "bullish leading indicator for expected continued retail share gains."

Persons: Morgan Stanley, Apple, Needham, Lululemon, Oppenheimer, Chewy, Bernstein, SVB, Jefferies, Instacart, Rosenblatt, Sonos, Goldman Sachs, Morgan Stanley downgrades nCino, it's, D.A, Davidson, Wedbush Organizations: Apple, UBS, Nike, Microsoft, RBC, IBM, JPMorgan downgrades, JPMorgan, Boeing, Citi, Citizens, FDIC, Health, America, Azul, Holdings, UW, " Bank of America, Disney, Bank of America, DIS Locations: China, SVB, U.S, Germany, Great Britain, France

☆ Trex CEO Bryan Fairbanks goes one-on-one with Jim Cramer
▼ + stars: | 2023-09-20 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Trex CEO Bryan Fairbanks goes one-on-one with Jim CramerTrex President and CEO Bryan Fairbanks joins 'Mad Money' host Jim Cramer to talk manufacturing, home improvment tailwinds and more.

Persons: Bryan Fairbanks, Jim Cramer Trex, Jim Cramer

☆ A senior real-estate advisor at Sotheby's breaks down why these 4 US cities offer some of the best opportunities for home-price appreciation in the years ahead
▼ + stars: | 2023-09-20 | by ( William Edwards | ) www.businessinsider.com time to read: 1 min

Sizable home-price appreciation could be hard to come by in today's market. But Sotheby's Greg Forest is still bullish on West Palm Beach, Boise, Phoenix, and Durham. As a senior global real-estate advisor for Sotheby's International Realty, Greg Forest is frequently in touch with clients and colleagues in the US and around the world. So while he mainly sells properties in southern Florida, he has a good feel for what's happening in other markets as well. In recent correspondence with Insider, he shared four markets he's been hearing positive things about, and which he's bullish on because of his own fundamental analysis.

Persons: Greg Forest, Forest Organizations: Sotheby's International Locations: today's, West Palm Beach , Boise, Phoenix, Durham, Florida

☆ Swiss Re: Macroeconomic tailwinds 'very good' for life and health reinsurance companies
▼ + stars: | 2023-09-19 | 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 EmailSwiss Re: Macroeconomic tailwinds 'very good' for life and health reinsurance companiesPaul Murray, CEO of Life and Health Reinsurance at Swiss Re, discusses how current macroeconomic conditions are affecting the sector and shares his outlook for the life and health reinsurance industry.

Persons: Paul Murray Organizations: Swiss, Swiss Re

☆ Here are Monday's biggest analyst calls: Arm, Carvana, Disney, Apple, Tesla, Skechers, Netflix & more
▼ + stars: | 2023-09-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Piper Sandler upgrades Skechers to overweight from neutral Piper said in its upgrade of the stock that it likes its balance sheet. Goldman Sachs reiterates Tesla as neutral Goldman cut its estimates on the stock and says it sees pricing heading lower. Mizuho upgrades DoorDash to buy from neutral Mizuho said in its upgrade of DoorDash that it's deserving of a re-rating. Wedbush upgrades Carvana to neutral from underperform Wedbush said in its upgrade of the stock that it sees profitability upside. Raymond James initiates Disney as outperform Raymond James said in its initiation of Disney that the stock is compelling.

Persons: TD Cowen, TENB, Piper Sandler, Piper, Goldman Sachs, Tesla, Goldman, Wells, Wedbush, Evercore, Raymond James, Ralph Lauren, Guggenheim, Morgan Stanley, Atkins, Bernstein, ASGN, underperform Bernstein, it's, YoY Organizations: Tenable Holdings, TAM, Tesla, Apple, Netflix, Northland, Mizuho, HSBC, Deutsche Bank, Micron, Deutsche, Barclays, Alliant Energy, EV, UBS, BioMarin Pharmaceutical, Iridium, NASDAQ, Disney, Bank of America, of America, Nvidia, Nike, NKE's 1Q, PayPal, Moffett Locations: Europe, Wisconsin, Iowa, US, Swedish, 2Q23

☆ This apparel company's earnings are poised for growth over the next two years, Guggenheim says
▼ + stars: | 2023-09-18 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Ralph Lauren 's solid fundamentals have translated to a promising long-term growth outlook, according to Guggenheim. The firm upgraded shares of the apparel company to a buy rating from neutral on Monday, and initiated a price target of $166. Shares of Ralph Lauren have climbed nearly 8% since the start of 2023. RL YTD mountain Ralph Lauren stock year to date Analyst Robert Drbul cited the company's strong balance sheet and attractive valuation as reasons for the upgrade. The analyst expects Ralph Lauren's earnings to benefit from several cyclical tailwinds and boosted his estimates for the next two years.

Persons: Ralph Lauren, Lauren, Robert Drbul, Ralph Lauren's, Drbul, Michael Bloom Organizations: Guggenheim

☆ We're seeing the 'early tailwinds' of data in AI, says Informatica CEO
▼ + stars: | 2023-09-18 | 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 EmailWe're seeing the 'early tailwinds' of data in AI, says Informatica CEOAmit Walia, CEO of Informatica, discusses the role of "good data" in artificial intelligence.

Persons: Amit Walia Organizations: Informatica

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