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☆ Nvidia and more: These global stocks will soar on a $324 billion autonomous vehicle boom, analysts say
▼ + stars: | 2023-11-30 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Autonomous vehicles — or vehicles embedded with chips and sensors to enable self-driving — have been picking up steam, and several stocks make good plays on the theme, according to Fubon Research. Providers of sensors and cameras are among the autonomous vehicle related companies on Fubon Research's watch. 3008-TW YTD mountain Year-to-date share price of Largan Precision On Largan, Fubon Research's analysts pointed out that the company stands to gain from the addition of cameras in autonomous vehicles. "Cameras have become an important part of ADAS and autonomous driving. NVDA YTD mountain Year-to-date share price of Nvidia Meanwhile, Nvidia made Fubon Research's watch list thanks to its development of autonomous vehicle technologies under its NVIDIA DRIVE platform.

Persons: Fubon, Tong, — CNBC's Michael Bloom Organizations: Research, Jefferies, Autonomous, Nvidia, NVIDIA, Primax Electronics, Qualcomm Inc Locations: Taiwan, ADAS

☆ Citi is so bullish on this biotech stock it gives it 800% potential upside
▼ + stars: | 2023-11-29 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Citi is so bullish on one biotech firm that it has given its shares a target price that represents around 800% upside. In a Nov. 22 note, Citi gave the stock a buy rating and a price target of $90, representing potential upside of around 818% from Tuesday's price. However, the bank cautioned that the stock is high risk, given the "typical volatility" of biotech stocks and uncertainty associated with clinical trials. According to FactSet, analysts covering the stock give it average price target upside of 385% and a buy rating of 88%. On FactSet, the highest estimate came from Oppenheimer, which gives it potential upside of over 600%.

Persons: —, Oppenheimer, — CNBC's Michael Bloom Organizations: Citi, Citi isn't, BMO Capital Markets, BMO, P Biotech ETF, Biotech Locations: U.S

☆ JPMorgan sees the S&P 500 dropping nearly 8% in 2024 as macro risks build up
▼ + stars: | 2023-11-29 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

The bank sees the S & P 500 ending 2024 at 4,200. "Equities are now richly valued with volatility near the historical low, while geopolitical and political risks remain elevated." Stocks have had a banner year in 2023, with the S & P 500 surging more than 18%. Those gains have been largely driven by sharp rallies from names tied to artificial intelligence, including Nvidia and Meta Platforms . Specifically, he sees S & P 500 profits growing 2% to 3% next year.

Persons: Bujas, Michael Bloom Organizations: JPMorgan, Nvidia, Meta, Federal Locations: U.S

Decades later, his name still provoked impassioned debate over foreign policy landmarks long past. “No doubt my vanity was piqued,” Kissinger later wrote of his expanding influence. For eight restless years — first as national security adviser, later as secretary of state, and for a time in the middle holding both titles — Kissinger ranged across the breadth of major foreign policy issues. That “incursion,” as Nixon and Kissinger called it, was blamed by some for contributing to Cambodia’s fall into the hands of Khmer Rouge insurgents who later slaughtered some 2 million Cambodians. Heinz Alfred Kissinger was born in the Bavarian city of Fuerth on May 27, 1923, the son of a schoolteacher.

Persons: Henry Kissinger, Kissinger, Richard Nixon, Gerald Ford, Nixon, “, ” Kissinger, Donald Trump’s, — Kissinger, Kissinger demurred, ”, David, Xi Jinping, Israel, George W, Bush, Michael Bloomberg, Kissinger incongruously, Jill St, John, Nancy Maginnes, Nelson Rockefeller, Heinz Alfred Kissinger, Heinz, Henry, Elizabeth, ___, Barry Schweid Organizations: WASHINGTON, Democrats, ABC, Washington Post, CBS, New, New York City, National Security Council, Khmer Rouge, South, Playboy, Newsweek, Senate Armed Services Committee Locations: United States, Vietnam, China, Nazi Germany, Southeast Asia, Latin America, Paris, Saigon, Soviet Union, Beijing, Egypt, Syria, U.S, New York, Connecticut, White, Cambodia, South Vietnam, Khmer, Chile, Bavarian, Fuerth, Manhattan

☆ With geopolitical tensions mounting, Bernstein expects 3 defense stocks to soar 20%
▼ + stars: | 2023-11-29 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

"The rising geopolitical threats in APAC has been a driver of military spending for the Western nations. In addition, APAC countries have become more important for their own military expenditures, which present some opportunities for Western defense contractors through either exports or partnerships," they added. Quoting research from the Stockholm International Peace Research Institute , Bernstein said that global defense spending reached a record high of $2.2 trillion last year. Why is defense spending on the rise? For instance, South Korea's defense spending is high given its longstanding tensions with neighbor North Korea.

Persons: AllianceBernstein, Bernstein, Northrop Grumman, CNBC's Michael Bloom Organizations: Asia, Stockholm International Peace Research Institute, Boeing Co, Dassault Aviation, U.S Locations: Asia, Pacific, U.S, APAC, Stockholm, China, North Korea, North America, Europe, Russia, Japan, Australia, United Kingdom, India, Pakistan, Soviet, Vietnam, Philippines, Taiwan, Malaysia, Brunei

☆ Here are Wednesday's biggest analyst calls: Apple, Amazon, Tesla, Schwab, Pinterest, Exxon, Disney and more
▼ + stars: | 2023-11-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Piper Sandler downgrades Hershey to neutral from overweight Piper Sandler said it's concerned about rising cocoa costs for Hershey. UBS reiterates Apple as neutral UBS said its survey checks show wait times for Apple's iPhone are almost nonexistent. Piper Sandler reiterates Charles Schwab as buy Piper Sandler said the company is a "likely beneficiary of fed rate cuts." Piper Sandler reiterates Pinterest as overweight Piper Sandler raised its price target on Pinterest to $40 per share from $37 and says trends are improving. UBS reiterates Exxon as buy UBS said it's bullish heading into Exxon's corporate plan event on Dec. 6.

Persons: Piper Sandler downgrades Hershey, Piper Sandler, it's, Guggenheim, Tesla, Truist, Canaccord, Raymond James, TD Cowen, AZN, Goldman Sachs, Leslie's, Carlyle, Wells, Wells Fargo, Apple, Jefferies, Airbnb, ABNB, Cantor Fitzgerald, Microvast, Charles Schwab, SCHW, Morgan Stanley, Bernstein, PDD, Marti, Pinterest, D.A, Davidson, Estée Lauder Organizations: Hershey, UBS, Apple, " Bank of America, underperform Bank of America, AstraZeneca, downgrades, Group, Goldman, GS, Bank of America, Union, JPMorgan, Disney, Taiwan Semiconductor, Intel, Commerce, Marti Technologies, DFS, Exxon Locations: China, Europe, Japan, America, CY24, Turkey, XOM's

☆ GLP-1 weight loss drug boom to boost energy drink stocks, Lululemon, Stifel says
▼ + stars: | 2023-11-29 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Further uptake of the blockbuster weight loss drugs rocking the health-care world can bode well for select energy drink makers and fitness-focused retailers, Stifel said. Indeed, Stifel found an additional 21% said they would be interested in the drug if it showed proven results, was widely available and had approval from the U.S. Food and Drug Administration for weight loss specifically. Wegovy was approved to treat weight loss in 2022 and Eli Lilly's Zepbound recently received that same nod . These shifting food and health habits can also affect consumer spending — and stocks tied to specific retailers, Astrachan said. If half of those interested in GLP-1 drugs begin taking them, the firm expects U.S. energy drink consumption could increase about 2%.

Persons: bode, Stifel, Wegovy, Eli Lilly's Zepbound, Mark Astrachan, Astrachan, Atkins, Levi Strauss, Lululemon, — CNBC's Michael Bloom Organizations: Nordisk's Ozempic, U.S . Food, Drug Administration, Monster Beverage, Holdings, Food, BellRing Brands, Brands Locations: Stifel's U.S, U.S

☆ This biotech stock targeting genetically driven diseases could nearly double, predicts JPMorgan
▼ + stars: | 2023-11-28 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Lexeo Therapeutics ' stock could nearly double as its gene therapies advance through its pipeline, according to JPMorgan. That implies a potential upside of nearly 82% from the stock's Monday closing price of $11. LXEO ALL mountain Lexeo Therapeutics all-time stock chart Analyst Tessa Romero cited Lexeo Therapeutics' lead cardiac therapy, LX2006, as a catalyst for the stock. The gene therapy is delivered to body tissues through an adeno-associated virus vector and it targets a rare genetic heart disorder called Friedreich's ataxia cardiomyopathy. The firm is also evaluating a similar type of gene therapy, LX2020, to treat cases of PKP2-ACM, another kind of inherited heart disease.

Persons: Tessa Romero, Lexeo, Romero, LX2020, LX1001, – LX2006, Michael Bloom Organizations: Therapeutics, JPMorgan, Lexeo Therapeutics, ACM, ~$ Locations: U.S

☆ The holiday trade in Amazon stock may already be over, history shows
▼ + stars: | 2023-11-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Investors looking to cash in on the holiday trade may have missed the boat on Amazon , according to Bank of America. While Amazon tends to outperform retail stocks on Cyber Monday, history shows that the e-commerce giant typically lags the market between the popular online shopping day and Christmas, the bank's trading desk noted. Since 2016, Amazon's lagged the market during this period every single year, underperforming the SPDR S & P 500 ETF Trust (SPY) by the widest margin — 6% — in 2022, data shows. Year to date, the stock's rallied more than 75%. AMZN YTD mountain Amazon's year-to-date performance This Cyber Monday, Amazon outperformed the SPDR S & P Retail ETF by 1.3%.

Persons: Amazon's, — CNBC's Michael Bloom Organizations: Bank of America, Trust, Amazon, P

☆ Bitcoin’s next pullback is a buying opportunity before price heads to $40,000, says Wolfe Research
▼ + stars: | 2023-11-28 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin's price may be due for one more pullback in the coming weeks and that could be a good opportunity to buy more of the cryptocurrency before its next leg up, according to Wolfe Research. "[Bitcoin] now sits within reach of having retraced 50% of the decline off its highs," Ginsberg wrote in a note last week. However … near term price action may provide for one more buying opportunity before continuing higher." BTC.CM= 1Y mountain Bitcoin (BTC) now has retraced nearly 50% of the decline off its 2021 all-time high. "We would use it as a buying opportunity as the next move higher likely takes price above $40,000."

Persons: bitcoin, Rob Ginsberg, Ginsberg, — CNBC's Michael Bloom Organizations: Wolfe Research, BTC, Metrics Locations: U.S

☆ ‘A year of volatility’: Morgan Stanley names its top stocks as India prepares to head to the polls
▼ + stars: | 2023-11-28 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

The investment case for India is hard to argue with, according to analysts at Morgan Stanley — but they warn that upcoming elections with "potential binary outcomes sets the market up for volatility." "Government policy remains supportive, and the RBI (Reserve Bank of India) executes a calibrated exit from its current hold stance. For Morgan Stanley, the downside, or bear case, to its forecast would see India's elections result in a change in government. Focus list of overweight-rated stocks Looking ahead to India in 2024, Morgan Stanley is overweight on companies in the financials, consumer discretionary, industrials and technology sectors. From the financial services sector, Morgan Stanley is overweight on ICICI Bank and insurer SBI Life Insurance .

Persons: Morgan Stanley —, Ridham Desai, Narendra Modi, Morgan Stanley, — CNBC's Michael Bloom Organizations: Bombay Stock Exchange, Reserve Bank of India, International Monetary Fund, Maruti Suzuki, Hindustan Aeronautics, Infosys, ICICI Bank, SBI Life Insurance Locations: India, U.S, Government, F2026E

☆ Barclays fears year-end gains could be stealing 2024's potential returns
▼ + stars: | 2023-11-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

For investors cheering stocks' strong rally into the year end, Barclays warned that it could be eating into 2024's return. A number of macro news events sparked a relief rally in equities as 2023 begins to wrap up, with the S & P 500 registering four straight weeks of gains and climbing 8.5% in November. "Combined with year-end seasonality, the surge in institutional flows could push equities over their skis, essentially 'borrowing' 2024 returns and leaving less room for upside next year," he added. .SPX YTD mountain S & P 500 The firm expects only single-digit returns next year as modest economic deceleration offsets the benefit of easing inflation. Barclays raised its 2024 S & P 500 price target to 4,800, from 4,500 previously.

Persons: Venu Krishna, Krishna, dovish, Treasury QRA, — CNBC's Michael Bloom Organizations: Barclays, Treasury, Big Tech, CNBC Pro's, Survey, Wall

☆ Bank of America says this stock is the 'strongest pure-play space name' with the potential to double
▼ + stars: | 2023-11-28 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Rocket Lab shares have the potential to take off, according to Bank of America. Analyst Ronald Epstein reiterated his buy rating on the space stock while shaving his price target down by $2 to $10. Epstein's new price target implies the stock could soar 134.2% from Monday's close. After investigating the September mid-flight failure of its Electron rocket, Rocket Lab is aiming to get its launch business back on track by the end of the year. The analyst's price target cut followed a reassessment of the discount rate following the Electron launch snafu.

Persons: Ronald Epstein, Epstein, Bank of America's Epstein, Epstein doesn't, CNBC's Michael Bloom, Michael Sheetz Organizations: Bank of America, Bank of, MDA Locations: Monday's

☆ Here's why it's time to buy 'dividend aristocrats,' says Wolfe Research
▼ + stars: | 2023-11-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Next year could be the year for certain dividend stocks, according to Wolfe Research. The S & P 500 Dividend Aristocrats Index is composed of companies that have increased dividends for at least 25 consecutive years. Here are some of the names in the S & P 500 Dividend Aristocrats Index. For investors who prefer funds, they can also get exposure through the ProShares S & P 500 Dividend Aristocrats exchange-traded fund. NOBL YTD mountain ProShares S & P 500 Dividend Aristocrats ETF — CNBC's Michael Bloom contributed reporting.

Persons: Chris Senyek, Senyek, Wolfe, Roz Brewer, Tim Wentworth, Wentworth, Medtronic, Michael Bloom Organizations: Wolfe Research, Federal, Materials, Walgreens, Shields Health, —

☆ This quirky ETF could be sign tech rally is broadening beyond 'Magnificent 7', Oppenheimer says
▼ + stars: | 2023-11-28 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

A recent uptick for a broad-based tech ETF could signal that the market is ready for a rally in software stocks, regardless of size, according to Oppenheimer. Given Oppenheimer's coverage in the former, we think it's important to flag that the equal-weighted S & P Software & Services SPDR (XSW) reclaimed its Q2 breakout above its year-long bottoming pattern. A big rally for the XSW would be a change of pace from the strength of the so-called "Magnificent Seven" tech stocks that have dominated the market in 2023. And the fund's holdings mean that investors won't be adding even more exposure to all of the Magnificent Seven. Though the fund is broad, it does not include all categories of what many investors consider to be tech stocks.

Persons: Oppenheimer, Ari Wald, We're, — CNBC's Michael Bloom Organizations: P Software & Services, P Software, Services, Apple, Nvidia, Meta Locations: Technology

☆ Here are Tuesday's biggest analyst calls: Apple, Rivian, Nvidia, Boeing, Affirm, Datadog, Amazon & more
▼ + stars: | 2023-11-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: UBS downgrades ChargePoint to neutral from buy UBS said it's cautious on the EV charging company's growth outlook. " Citi reiterates Nvidia as buy Citi said it's sticking with its buy rating on shares of Nvidia. " Wells Fargo downgrades Booz Allen Hamilton to equal weight from overweight Wells said investors should wait for a better entry point for the defense contractor. Raymond James upgrades Crocs to strong buy from outperform Raymond James said it sees an attractive entry point for the show company. Wells Fargo reiterates Amazon as overweight Wells said international trends for Amazon remain healthy.

Persons: UBS downgrades ChargePoint, it's, Wells, Booz Allen Hamilton, Bernstein, Raymond James, Crocs, CROX's, Estee Lauder, Jefferies, underperform Jefferies, Evercore, Rivian, Piper Sandler downgrades Shopify, Piper, Piper Sandler, Canaccord, TD Cowen, Datadog, TD, Truist, it's bullish, Ingersoll Rand Organizations: UBS downgrades, UBS, JPMorgan, Apple, Citi, Nvidia, HSBC, RBC, Boeing, Lexeo Therapeutics, Bank of America, Virtu, Logistics, Industry Locations: U.S, DDOG, India, Ingersoll

☆ These two stocks are the best positioned software names to 'profitably leverage GenAI,' says Bernstein
▼ + stars: | 2023-11-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Bernstein thinks the two best stocks to do so are Microsoft and Adobe. "Within our coverage, MSFT , and ADOBE are best positioned to profitably leverage GenAI, as they control a big portion of their AI tech stack," wrote analyst Mark Moerdler in a Tuesday note. Both Microsoft and Adobe have benefitted in 2023 from enthusiasm around AI and its growing addressable market in the wake of ChatGPT's debut. Earlier this year, Microsoft debuted its Copilot, which brings AI capabilities to its Office suite for $30 a month . "While the $30/month price tag generates handsome profit for Microsoft, it might be hardly profitable for others who have to rent model as a service," he wrote.

Persons: Bernstein, Mark Moerdler, They've, OpenAI, — CNBC's Michael Bloom Organizations: Microsoft, Adobe, ADOBE Locations: ChatGPT

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Dollar Tree, Mondelez, Teva, Ulta, Carnival & more
▼ + stars: | 2023-11-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Deutsche Bank reiterates Saia as buy Deutsche said the transports company has "earnings power." JMP downgrades Okta to market perform from market outperform JMP downgraded the stock after a recent security incident. "We downgrade our rating to Market Perform from Under Review (Market Outperform prior) on Okta, Inc. in the wake of the most recent security incident announced on October 20." Wells Fargo reiterates Dollar Tree as overweight Wells said it's standing by its overweight rating on the stock heading into earnings next week. Melius upgrades Carnival to buy from hold Melius said it's "hard to not become incrementally bullish" on the stock.

Persons: Saia, Key, Wells, DLTR, Raymond James downgrades Weyerhaeuser, Raymond James, Redburn, Bernstein, Tesla, underperform Bernstein, Needham, Aston Martin, Jefferies, Pulte, Melius Organizations: Deutsche Bank, Deutsche, Bloom Energy, Clean Tech, Citi, New, Ulta Citi, Inc, Dominion, Weyerhaeuser, UBS, Waste Management, Novartis, EV, Pulte Group, RBC, GE Healthcare, Nvidia

☆ S&P 500 to reach record 5,100 next year, fueled by bumper corporate profits, BMO says
▼ + stars: | 2023-11-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The stock market rally will diversify next year amid a broader, "normal for longer" trend, according to BMO Capital Markets. Chief investment strategist Brian Belski set his 2024 base case target of 5,100 for the S & P 500, which implies an almost 12% rally from Friday's close. In other words, normal and typical," Belski wrote in a Monday note. But that does not make it normal or typical," Belski added. One market trend that will notably improve next year is the percentage of stocks outperforming the broader index, Belski added.

Persons: Brian Belski, Belski, –, — CNBC's Michael Bloom Organizations: BMO Capital Markets, BMO, Bank of Montreal Locations: Friday's

☆ Evercore ISI says scoop up these tax loss 'leftovers' that are trading cheaply at year-end
▼ + stars: | 2023-11-27 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Analyst Julian Emanuel said investors should consider snapping up stocks that Evercore ISI calls "tax loss targets." Such stocks are being sold by investors looking to realize their losses and cut their 2023 tax bill before year-end. The average analyst has a buy rating and price target implying upside of about 32%, according to LSEG. The average analyst has a buy rating on the stock with a price target reflecting upside of nearly 39%, per LSEG. In addition to holding an average buy rating, analysts polled by LSEG forecast a price target implying Corteva could rally nearly 26% over the next year.

Persons: Julian Emanuel, Emanuel, there's, Aptiv, Piper Sandler, FactSet, Alexander Potter, LSEG, OkCupid, — CNBC's Michael Bloom Organizations: ISI, Pfizer, Aptiv, CNBC Pro, Wall, LSEG Locations: Israel

☆ Rates may have hit their peak. How to get the biggest bang out of cash heading into 2024
▼ + stars: | 2023-11-27 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

"It's important to keep sharing this idea to do something with your cash; these rates won't be here forever." Municipal money market funds Rather than tying up money in CDs or T-bills, Sachs prefers municipal money market funds for investors in the highest income tax brackets. Vanguard's Municipal Money Market Fund (VMSXX) has a 7-day SEC yield of 3.53% and carries an expense ratio of 0.15%. Residents in high-tax locales may also want to consider state-specific muni market funds, which have the additional benefit of providing income that's free of state taxes. For instance, there's the Vanguard California Municipal Money Market Fund (VCTXX) and the Fidelity New York Municipal Money Market Fund (FSNXX) .

Persons: –, Catherine Valega, Sallie Mae, Jeremy Keil, Keil, There's, Charles Sachs, Kaufman, Sachs, Michael Bloom Organizations: Federal, Green Bee, Synchrony, Financial, Keil Financial Partners, Federal Deposit Insurance Corp, FDIC, ., CFP, Money Market Fund, SEC, Residents, Vanguard, Fidelity New York Municipal Money Market Fund Locations: Winchester , Massachusetts, New Berlin , Wisconsin, Miami, Vanguard California

☆ Where China’s consumers are spending. Jefferies' top sector picks for 2024
▼ + stars: | 2023-11-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Analysts generally say that for consumers in China today, daily essentials, rather than discretionary goods, are in. Top picks Both are on Jefferies' top picks list for the China consumer in 2024. In addition to being a staple at business dinners in China, Moutai has tried to branch out with co-branding in chocolate, ice cream and coffee. But the company said it expected the Chinese market to "to return to mid single-digit growth" in coming periods. The firm analyzed 80 publicly-listed consumer companies with a majority of revenue from mainland China.

Persons: China haven't, Jefferies, they'd, Alibaba, Moutai, Gamble, It's, North America —, Andy, McKinsey's Daniel Zipser, — CNBC's Michael Bloom Organizations: OC, C, Nestle, PepsiCo, Procter, Foods, China, Pacific Sun Advisors, McKinsey Locations: China, Shanghai, Hong Kong, U.S, Wednesday's, Shenzhen, Friday's, China —, North America, Asia

☆ These are Wall Street’s favorite Warren Buffett stocks
▼ + stars: | 2023-11-26 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Berkshire Hathaway's stock portfolio is stuffed with companies that are also beloved by Wall Street analysts. E-commerce giant Amazon is the most recommended stock in the pool of candidates, with roughly 84% of analysts rating it a buy. Snowflake stock has climbed 18% so far in 2023, almost matching the S & P 500 return. SNOW YTD mountain Snowflake stock. Other stocks in the Berkshire portfolio that Wall Street also favors are Sirius parent Liberty Media and the country's second-largest oil major Chevron .

Persons: Warren Buffett, Warren, Tyler Radke, Michael Bloom Organizations: Wall Street, Berkshire Hathaway, Buffett, CNBC Pro, CNBC Berkshire Hathaway, Citigroup, Sirius, Liberty Media Locations: Berkshire, Chevron

☆ The little-known agriculture stocks shaping the future of alternative protein
▼ + stars: | 2023-11-25 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Not every corner of the plant-based food industry has been burned. After the boom-and-bust cycle of Beyond Meat stock, analysts have wondered what comes next for the plant-based food space. The alternative protein market Beyond Meat's struggles have left some skeptical about which companies have what it takes to meet the needs of consumers who want to avoid animal-based products for health or environmental reasons. After topping $230 per share at its highest point, Beyond Meat stock now trades below $7. There's a business argument beyond the alternative protein market that can bode well when forecasting demand, Morningstar's Goldstein said.

Persons: Kristen Owen, Oppenheimer, Morgan Stanley, Michael Canfield, FactSet, Canfield, Corteva, Morningstar, Seth Goldstein, Goldstein, Vincent Andrews, Owen, Zepbound, milks, bode, Morningstar's Goldstein, Archer, Michael Bloom Organizations: Good Food Institute, Daniels, Midland Locations: Green Plains, U.S, Green, There's

☆ Opinion | New York’s Era of Overspending Ends With a Shudder
▼ + stars: | 2023-11-24 | by ( Mara Gay | ) www.nytimes.com time to read: +2 min

After years of heady spending, the budget cuts announced by Mayor Eric Adams last week hit New York City like a punch to the gut: Most libraries would be closed on Sundays. So would efforts to improve New York’s notoriously dirty streets and keep rats at bay. The brutal cuts come as Mr. Adams scrambles to fill a $7 billion budget deficit in the next year. The Citizens Budget Commission, a nonpartisan watchdog group, estimates that the budget gap could be significantly higher, closer to $10.6 billion. At the same time, thousands of migrants began arriving at the city’s doorstep in need of shelter.

Persons: Eric Adams, Adams, Bill de Blasio, Michael Bloomberg, Bloomberg, de Blasio Organizations: Budget Commission, Wall Locations: York City, city’s, City, Federal

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