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☆ ValueAct builds stake in Disney, adds drama at home of Mickey Mouse -sources
▼ + stars: | 2023-11-15 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. ValueAct and Disney declined to comment. Disney's stock price could trade between $120 and $190 a share, far above its current $94.19 price, ValueAct has suggested, the people said. Unlike other activist investors who noisily push for change through public presentations, ValueAct prefers to work quietly behind the scenes. In January, ValueAct CEO Mason Morfit was invited onto Salesforce's (CRM.N) board at a time the company had at least five activist shareholders.

Persons: Brendan McDermid, ValueAct, Mickey, Nelson Peltz's, Peltz, Shaw, Trian, Mason Morfit, Svea Herbst, Bayliss, Dawn Chmielewski, Arsheeya, Arun Koyyur, David Gregorio Our Organizations: Walt Disney Company, New York Stock Exchange, REUTERS, ValueAct, Walt Disney, Disney, 13D Monitor, Pixar, Star Wars, Marvel, Fund Management, Management, Capital Partners, Microsoft, Svea, Thomson Locations: New York, U.S, San Francisco, Los Angeles, Bengaluru

☆ Here’s a rapid-fire update on all 35 stocks in our portfolio, including a new industrial
▼ + stars: | 2023-11-15 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Honeywell International (HON): This is the most undervalued stock in our portfolio, Jim said. In a diversified stock portfolio, Jim said there's always room for high-quality companies like P & G, which also has a track record of raising its dividend. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club.

Persons: Jim Cramer's, Jim, Bausch, That's, Dupont De Nemours, Dupont, Danaher, Walt Disney, Estee Lauder, Locker, Vimal Kapur, we're, We've, we've, Linde, Eli Lilly, Eli, hasn't, Mark Zuckerberg, Meta's, Zuckerberg, Morgan Stanley, Morgan Stanley's, Ted Pick, James Gorman, he's, there's, Patience, Stanley Black, Decker, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Amazon Web Services, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Coterra Energy, Disney, Eaton Corp, Emerson, Ford, Union Auto Workers, GE Healthcare Technologies, General Electric, GE, Management, Google, YouTube, Honeywell International, Honeywell, Linde, LIN, Reality Labs, Microsoft, Nvidia, U.S, Oracle, Palo Alto Networks, Procter & Gamble, Starbucks, Constellation Brands, Corona, Modelo, Stanley, TJX, Wynn Resorts, WYNN, Trust Locations: China, India, Salesforce's, redeploy

☆ US senators seek Meta documents over platforms' alleged mental, physical harms
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: 1 min

Meta and Facebook logos are seen in this illustration taken February 15, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Nov 15 (Reuters) - A bipartisan group of U.S. senators have asked Meta (META.O) to "provide documents related to senior executives’ knowledge of the mental and physical health harms associated with its platforms, including Facebook and Instagram," they said in a statement released on Wednesday. The members of the Senate Judiciary Committee in a letter asked the social media giant's chief executive, Mark Zuckerberg, to provide the documents by Nov. 30, the statement said. Reporting by Richard Cowan; writing Susan HeaveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Mark Zuckerberg, Richard Cowan, Susan Heavey Organizations: Meta, REUTERS, Rights, Facebook, Thomson

☆ After 'Sonic The Hedgehog' success, Sega wants to revive more classics
▼ + stars: | 2023-11-14 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAfter 'Sonic The Hedgehog' success, Sega wants to revive more classicsShuji Utsumi, chief operating officer of Sega, discusses the Japanese gaming giant's plans to bring more of its classic titles to different formats like film, following the success of "Sonic the Hedgehog."

Persons: Utsumi Organizations: Sega

☆ Morning Bid: Murky US inflation picture
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +6 min

According to consensus forecasts at least, U.S. headline inflation is expected to have retreated sharply again in October back toward midyear lows around 3.3%. But underlying 'core' inflation is expected to stay stickier at an unchanged annual rate of 4.1% last month and still more than twice the Fed's target. But the Fed may want to hang tough long enough into a slowing economy to ensure that inflation is squeezed back to its 2% goal. And perhaps the negative tilt on October core inflation going into today's release leaves more room for a positive surprise. The International Energy Agency on Tuesday raised its oil demand growth forecasts for this year and next despite the weakening economic picture.

Persons: Lucas Jackson, Mike Dolan, Goldman Sachs, Xi Jinping, Joe Biden, Biden, Xi, Shunichi Suzuki, Philip Jefferson, Loretta Mester, Austan Goolsbee, Michael Barr, Huw Pill, Christina Fincher Organizations: New York Stock Exchange, REUTERS, New, Bank of America's, Treasury, International Energy Agency, U.S, Economic Cooperation, Reuters, Bank of Japan, Japan's Finance, Home, Federal, Cleveland Fed, Chicago Fed, Banking, Housing, Urban Affairs, Bank of England, Thomson Locations: New York, U.S, California, San Francisco, Asia, China, Japan, Teck, United States

☆ Google fined $164,000 for failing to store user data inside Russia
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsMOSCOW, Nov 14 (Reuters) - Google (GOOGL.O) was fined 15 million roubles ($164,000) on Tuesday for repeated refusal to store Russian users' data on servers inside Russia, a Moscow court said. Russia has repeatedly clashed with foreign technology companies over content, censorship, data and local representation in a simmering dispute that intensified after Moscow sent its armed forces into Ukraine in February 2022. Google's Russian subsidiary has been under pressure in Russia for failing to delete content Moscow deems illegal and for restricting access to some Russian media on YouTube. The technology giant's Russian unit filed for bankruptcy in summer 2022 after authorities seized its bank account, making it impossible to pay staff and vendors.

Persons: Arnd, Felix Light, Kevin Liffey Organizations: REUTERS, Rights, YouTube, Kremlin, Twitter, Facebook, Google, Thomson Locations: Zurich, Switzerland, Russia, Moscow, Ukraine

NEW YORK (AP) — ESPN Bet, a rebranded sports-gambling app owned by Penn Entertainment, is set to launch Tuesday. Under the agreement, Penn will operate ESPN Bet while ESPN promotes the app across its online and broadcast platforms. It's unclear when ESPN Bet will officially be available to download. In addition to the $1.5 billion licensing deal, Penn also said it would grant ESPN rights worth about $500 million to purchase shares in Penn. The upcoming launch of ESPN Bet could take Walt Disney Co.-owned ESPN into uncharted waters.

Persons: Penn, Dave Portnoy Organizations: ESPN Bet, Penn Entertainment, ESPN, Penn, Sports, Walt Disney Co Locations: — Arizona, Colorado , Illinois , Indiana , Iowa , Kansas , Kentucky, Louisiana , Maryland , Massachusetts, Michigan , New Jersey , Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Penn

Buy With Prime, which launched in 2022, gives retailers who are not Amazon merchants fulfillment and delivery through its logistics network. Its newest features aim to pull in fee revenue from shops outside of Amazon.com during the peak holiday season. Along with speedy deliveries, Prime shoppers can now return items purchased through Buy With Prime outside of Amazon.com without shipping labels and boxes. Amazon also announced that Prime customers who buy from Buy With Prime merchants can now see their order history on their apps and have 24-hour access to customer service representatives. Amazon last week launched a Shopify app for Buy With Prime, giving the Canadian e-commerce giant's 2 million merchants access to Amazon's 175 million Prime members.

Persons: Brendan McDermid, Peter Larsen, Arriana McLymore, Stephen Coates Organizations: REUTERS, Amazon.com, National Retail Federation, Amazon, Thomson Locations: Staten Island , New York, U.S, New York City

☆ Cramer on why 'homework matters' for stocks regardless of falling bond yields
▼ + stars: | 2023-11-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. Those gains have come despite little upside surprise in any of their reports and have largely been driven by a retreat in bond yields. Bond yields, meanwhile, were little changed Monday morning, with that of the 10-year Treasury hovering above 4.6%. 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 .

Persons: Jim Cramer, We've, Eli Lilly, Jim, Piper Sandler, Jim Cramer's Organizations: CNBC, Apple, Treasury, Novo Nordisk, Wall Street, Club, Microsoft, Ignite

☆ Earnings playbook: How to trade the biggest reports this week, including retail giant Walmart
▼ + stars: | 2023-11-12 | by ( Fred Imbert | ) www.cnbc.com time to read: +4 min

Investors will get a glimpse this week on the state of the consumer with a slew retail companies slated to report earnings. Tuesday Home Depot is set to report earnings before the open, followed by a call at 9 a.m. What history shows: Bespoke data shows Target beats earnings expectations 65% of the time. What to watch: Walmart is riding high, with the stock reaching an all-time high last week on bets of a strong holiday season for the retail giant. What history shows: Walmart was higher in four of the last five earnings days, Bespoke data shows.

Persons: Seth Sigman, Brian Cornell, Michael Lasser, PANW, Hamza Fodderwala, Morgan Stanley, billings, WMT, Oppenheimer, Rupesh, — CNBC's Michael Bloom Organizations: Walmart, Home Depot, CNBC, Tuesday, LSEG, Depot, Federal Reserve, Barclays, Investment, UBS, Palo Alto Networks, Management

☆ Amazon Advertising's hiring freeze is over, and it is staffing up like crazy
▼ + stars: | 2023-11-09 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +3 min

Similar to its tech giant peers Meta and Google, Amazon pulled back on hiring last year, including roles for Amazon Ads — one of its fastest-growing and highest-margin business units. Amazon Ads' career page currently lists 423 open roles, up from 29 open roles in January, according to an archived version of that page. An Amazon spokesperson said that the company has continued targeted hiring as well as hiring for backfilled roles. Amazon Advertising has huge growth ambitionsMany of the open roles include positions to support newer products and initiatives within Amazon Advertising. It now has 34 roles open for software development roles like engineers working on measurement, ad tech, and data science.

Persons: Meta, Bose, that's Organizations: Amazon, Google, Carnival Cruises, Variety Locations: New York City

☆ Cramer encourages investors to buy Wynn Resorts with earnings in focus
▼ + stars: | 2023-11-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. U.S. stocks were mainly lower in Thursday morning trading, with the S & P 500 down 0.13% after eight-straight sessions of gains. Club name Wynn Resorts (WYNN) reports third-quarter results after the closing bell Thursday, with the casino operator's business in Macao, China, in focus. 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 .

Persons: Jim Cramer, Walt Disney, Bob Iger, Hugh Johnston, Jim, bode, Wynn, Jim Cramer's Organizations: CNBC, Treasury, West Texas, Club, Walt, Wynn Resorts, WYNN, Gross, MGM Resorts, MGM Locations: Macao, China

☆ Watch CNBC's full interview with CVS Health CEO Karen Lynch
▼ + stars: | 2023-11-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with CVS Health CEO Karen LynchCVS Health CEO Karen Lynch joins 'Squawk on the Street' to discuss the company's retail pharmacy business, the healthcare giant's PBM business, and more.

Persons: Karen Lynch Organizations: CVS

☆ CVS Health CEO: The consumer is acting with some caution, but no dramatic change in behavior
▼ + stars: | 2023-11-08 | 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 EmailCVS Health CEO: The consumer is acting with some caution, but no dramatic change in behaviorCVS Health CEO Karen Lynch joins 'Squawk on the Street' to discuss the company's retail pharmacy business, the healthcare giant's PBM business, and more.

Persons: Karen Lynch Organizations: CVS

☆ UBS CEO 'positively surprised' by quick return of client inflows
▼ + stars: | 2023-11-07 | 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 EmailUBS CEO 'positively surprised' by quick return of client inflowsUBS CEO Sergio Ermotti discusses the Swiss banking giant's third-quarter earnings — its first full quarter since completing the takeover of stricken domestic rival Credit Suisse.

Persons: Sergio Ermotti Organizations: UBS, Credit Suisse

☆ Nintendo hikes profit forecast as Mario movie, Zelda game breathe new life into Switch console
▼ + stars: | 2023-11-07 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

A statue of Nintendo's video game character Mario stands on display at the Nintendo Game Front showroom in Tokyo, Japan. Nintendo reported better-than-expected sales and profit for its fiscal second quarter on Tuesday, as it continues to get a bump from the "Super Mario Bros. Movie" and flagship Zelda game released this year. Here's how Nintendo did in its fiscal second quarter versus LSEG estimates:Revenue: 334.9 billion Japanese yen ($2.2 billion) versus 317.3 billion yen expected. Net profit: 90.3 billion yen versus 75.7 billion yen expectedNintendo's revenue fell 4% year-on-year and its profit dropped 19%. For the six month period of April to September, Nintendo reported a 21.2% year-on-year rise in revenue to 796.2 billion yen while net profit jumped 17.7% to 271.2 billion yen.

Persons: Mario, Zelda Organizations: Nintendo, Mario Bros Locations: Tokyo, Japan

☆ 'Tremendous potential': Growth investor is underweight the Magnificent Seven, but likes one tech giant
▼ + stars: | 2023-11-06 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

The "Magnificent Seven" stocks have proved popular this year, but one growth investor says he is underweight the group. The Big Tech stocks known as the "Magnificent Seven" are Alphabet , Amazon , Apple , Meta , Microsoft , Nvidia and Tesla . Pro Microsoft There is, however, one name among the Magnificent Seven that Curtis likes a lot, and that's Microsoft. MSFT NVDA YTD mountain Year-to-date share movement of Microsoft and Nvidia "It doesn't matter where the stock has been. And I think both in the case of Microsoft and Nvidia, their significant earnings power add to those businesses," Curtis said.

Persons: Jonathan Curtis, CNBC's, Curtis Organizations: Big Tech, Apple, Meta, Microsoft, Nvidia, Tesla, Franklin Equity Group

“We’re trying to make robots that can operate in human spaces.”Do we even need humanoids? Seemingly farther along is Tesla's Austin, Texas-based neighbor Apptronik, which unveiled its Apollo humanoid in an August video demonstration. “That led to development of a new robot that was not really a humanoid, but had several characteristics of a humanoid,” he said via an emailed message. Walking is "not the hardest problem to solve in humanoid robotics," said Geordie Rose, co-founder and CEO of British Columbia, Canada-based startup Sanctuary AI. “Forever more, human- centric robots like that are going to be part of human life.

Persons: hasn’t, Jonathan Hurst, “ We’re, Hurst, There’s, Brett Adcock, Elon Musk, —, “, Marc Raibert, Raibert, ”, Geordie Rose, Rose, ” Rose, Tye Brady, Damion Shelton, ” Shelton, Haleluya Hadero Organizations: Agility Robotics, tote, Amazon, Agility, Boston Dynamics, carmaker Hyundai, Robotics Locations: Oregon, Sunnyvale , California, Austin , Texas, British Columbia, Canada, Seattle

☆ Why we see a bright future for Constellation Brands and Starbucks following investor events
▼ + stars: | 2023-11-03 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Investor events this week from Club holdings Constellation Brands (STZ) and Starbucks (SBUX) left shareholders like us bullish on the path forward for both beverage makers. Beer producer Constellation Brands provided a business update on Thursday during an event for investors at which management outlined its strategic priorities to foster ongoing growth. The company called its beer business, which includes bestselling brands like Modelo Especial, Corona and Pacifico, "the main driver of our strong growth." To address this unrelenting demand, Starbucks plans on building new stores with updated layouts, while "unlocking capacity" at existing stores. In addition to investing in its stores, Starbucks is also taking steps to improve the overall experience for its employees.

Persons: Kim Crawford, Elliot Management, Laxman Narasimhan, Jim Cramer, Narasimhan, Jim Cramer's, Jim Organizations: Constellation Brands, Starbucks, Modelo Especial, Management, Constellation, CNBC, Getty Locations: U.S, Corona, Pacifico, Woodbridge, SVEDKA, China, North America, Canada

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Amazon, Uber, Coinbase, Carvana, Starbucks & more
▼ + stars: | 2023-11-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Friday biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by Apple shares after its earnings report on Thursday. Berenberg downgrades Estee Lauder to hold from buy Berenberg downgraded the stock after its disappointing earnings report earlier this week. Morgan Stanley reiterates Carvana as underweight Morgan Stanley said it's sticking with its underweight rating on the stock after its earnings report on Thursday. " Evercore ISI downgrades Fortinet to in line from outperform Evercore downgraded the cybersecurity company after its earnings report. JPMorgan reiterates Starbucks as overweight JPMorgan said the coffee giant is "still one to buy" after its earnings report on Thursday. "

Persons: Morgan Stanley, Apple, it's, downgrades Estee Lauder, Estée Lauder, Piper Sandler, Piper, OMCL, Key, Wolfe, Mizuho, C27E, JPMorgan downgrades, Papa John's, PZZA, Raymond James, Carvana, CVNA, Redburn, JPMorgan, SBUX, Guggenheim, GNRC Organizations: Apple, DOJ, Uber, Deutsche Bank, Molson Coors, Deutsche, HSBC, Moderna, Nvidia, Mizuho, JPMorgan, JPMorgan downgrades Fox, FOX, Barclays, Retail, Evercore, billings, Guggenheim, Citi, Cedar, Flags, ~$

☆ Media stocks pop as Roku rally lifts the sector
▼ + stars: | 2023-11-02 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

Media stocks popped Thursday as Roku's 30% rally lifted the entire sector. Wall Street celebrated the streaming device company's third-quarter report Wednesday, in which Roku reported strong trends in content distribution and advertising as well as uptake of its Roku-branded TVs. Strong usership for Roku means more points of access for subscribers to Paramount+, Max, Netflix, Peacock and other streaming services. Netflix reported a surprise jump in subscribers in its third-quarter earnings report last month, driven largely by its ad-supported subscription tier. The company said Wednesday that its ad-supported tier has amassed 15 million subscribers, tripling its previously announced total of five million in May.

Persons: Roku, StreetAccount, Peacock Organizations: Media, Wall Street, Paramount, Warner Bros, Discovery, Disney, Hulu, Netflix, Comcast, Warner Bros . Discovery, CNBC, CNBC PRO Locations: Hastings, Hudson , New York

☆ Apple shares give investors waiting to buy an opportunity after an uneven quarter
▼ + stars: | 2023-11-02 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

AAPL YTD mountain Apple YTD Apple shares fell more than 3% after the release. Cash and capital allocation In its September quarter, Apple generated operating cash flow and free cash flow results that were lower than what the Street was looking for. Services, a high-margin business for Apple, reached a new all-time revenue record with growth accelerating to 16% on a year-over-year basis. On the call, CEO Tim Cook said Apple "achieved all-time revenue records across App Store, advertising, AppleCare, iCloud, Payment Services and video as well as a September quarter revenue record in Apple Music." Maestri said Apple achieved "all-time revenue records in the Americas, Europe, and rest of Asia-Pacific and a September quarter record in Greater China.

Persons: we've, Cash, we're, Apple, it's, Tim Cook, Maestri, Luca Maestri, Jim Cramer's, Jim Cramer, Jim, Patrick T, Fallon Organizations: Apple, Products, Services, Fortune, MacBook Air, Apple Watch, Management, CNBC, Grove Apple, AFP, Getty Locations: Apple's, Americas, Europe, Asia, Pacific, Greater China, China, Latin America, East, South Asia, India, Los Angeles , California

☆ How our stocks fared in the past 10 Novembers, the strongest month for the market
▼ + stars: | 2023-11-02 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

April is the S & P 500's second-best month, with an average gain of 1.5%. Club stocks in November Following up on Wednesday's screen of October outperformers , we analyzed our portfolio using FactSet data to see how it fared recently during the historically strongest month of November. All but two of our stocks — Salesforce (CRM) and Coterra Energy (CTRA) — have had a positive average November performance since 2013. The only monthly decline came in November 2021, when the S & P 500 fell 0.83%. Coterra and Salesforce are the worst-performing Club stocks over the past 10 Novembers.

Persons: Jim Cramer, Jim, —, it's, Locker, Morgan Stanley, PANW, It's, Salesforce, doesn't, Jerome Powell's, Powell, Jim Cramer's, Victor J Organizations: Wall Street, Federal Reserve, Dow Jones, Nasdaq, Stock Traders, Coterra Energy, Nvidia, FL, Palo Alto Networks, Starbucks, Palo, GE Healthcare, steadiest Club, Costco Wholesale, Costco, Jim Cramer's Charitable, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: U.S, Palo

☆ Here's what analysts at major Wall Street firms expect from Apple's upcoming earnings report
▼ + stars: | 2023-11-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

The September quarter results will only encompass approximately a week of the iPhone 15 sales. AAPL YTD mountain Apple stock in 2023 The company will post its September quarter results Thursday after the bell. Take a look at what analysts are forecasting ahead of the company's announcement: Deutsche Bank trims price target Deutsche Bank reduced its price target on shares to $200 from $210. Morgan Stanley sees better-than-expected quarter results Morgan Stanley has an overweight rating and $210 price target on Apple. The company is leaning cautious on December quarter results due to iPhone supply shortages and consumer spending concerns.

Persons: Apple, Goldman Sachs, Michael Ng, Ng, We're, Morgan Stanley, Michael Bloom Organizations: Apple, Apple Watch, Deutsche Bank, JPMorgan, UBS Locations: China, U.S, Wednesday's

☆ Will the S&P 500 rally by year-end? Morgan Stanley's Slimmon weighs in — and names a Big Tech stock
▼ + stars: | 2023-11-02 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Will the S & P 500 be nearer to 5,000 by the end of the year? Morgan Stanley Investment Management's Andrew Slimmon was among some on Wall Street who earlier this year believed so. The S & P 500 closed at 4,193.80 on Tuesday. Although markets have been volatile lately, Slimmon expects the S & P 500 to be closer to 5,000 than 4,000. But his S & P 500 prediction is predicated on a few factors, Slimmon told CNBC's " Squawk Box Asia. "

Persons: Morgan Stanley, Andrew Slimmon, Slimmon, inching, CNBC's, There's, Stocks Organizations: Morgan Stanley Investment, CNBC, Treasury, . Federal, CNBC Market, Survey, Apple, Microsoft, Nvidia, Tesla, Windows, United Rentals Locations: ., financials

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