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☆ Here are Monday's biggest analyst calls: Amazon, Apple, DraftKings, Tesla, Live Nation & more
▼ + stars: | 2022-11-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: JPMorgan reiterates Apple as overweight JPMorgan said its survey checks show Apple's iPhone Pro lead times are moderating. JPMorgan names Amazon a top idea heading into 2023 JPMorgan said Amazon is the "most diversified mega-cap across revs & profit & has numerous large growth opportunities." Morgan Stanley downgrades Aptiv to equal weight from overweight Morgan Stanley said in its downgrade of the auto tech supplier that it thinks Aptiv will be affected by a slower rollout of electric vehicles. Morgan Stanley downgrades Williams-Sonoma to underweight from equal weight Morgan Stanley said in its downgrade of Williams-Sonoma that "negative revisions are set to begin." JPMorgan downgrades First Solar to neutral from overweight JPMorgan downgraded the solar stock mainly on valuation.

☆ This self-driving car technology stock can jump more than 25%, Goldman Sachs says
▼ + stars: | 2022-11-21 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Investors should consider buying shares of Mobileye Global, a company developing autonomous driving technology for cars, Goldman Sachs said. Analyst Mark Delaney initiated coverage of Mobileye Global with a buy rating, saying the maker of technology for self-driving cars can gain market share in a competitive market. The analyst's 12-month price target of $36 implies roughly 26% upside from Friday's closing price. A succession of investment firms including Goldman Sachs initiated coverage of Mobileye roughly one month after the company's initial public offering when it was spun out by Intel. Other firms that initiated coverage of Mobileye this week include Morgan Stanley, which gave the stock an equal-weight rating and a $32 price target.

☆ Here are Monday's biggest analyst calls: Amazon, Nio, Disney, Carvana, Coinbase, Costco & more
▼ + stars: | 2022-11-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

JPMorgan reiterates Amazon as top idea JPMorgan said the e-commerce giant is well positioned heading into the holiday season. " Morgan Stanley initiates Las Vegas Sands as overweight and names DraftKings as a top pick Morgan Stanley said in its initiation of Las Vegas Sands that it sees an attractive risk/reward. Morgan Stanley downgrades MongoDB to equal weight from overweight Morgan Stanley said in its downgrade of the database platform company that it's concerned about slowing growth for MongoDB. JPMorgan reiterates Charles Schwab as overweight JPMorgan said Charles Schwab is well positioned as one of the biggest "distributors of third-party mutual funds." Morgan Stanley upgrades Restaurant Brands to equal weight from underweight Morgan Stanley said it likes that the owner of brands such as Burger King appointed the former Domino's CEO as executive chairman.

☆ Tesla reports two new fatal crashes involving driver assistance systems
▼ + stars: | 2022-11-16 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The National Highway Traffic Safety Administration (NHTSA) in June began releasing data provided by automakers on reports of crashes tied to driver assistance systems like Tesla's Autopilot. NHTSA issued an order in June 2021 requiring automakers and tech companies to immediately report all crashes involving advanced driver assistance systems (ADAS) and vehicles equipped with automated driving systems tested on public roads. Of the 18 fatal crashes reported since July 2021 that had to do with driver assistance systems, nearly all involved Tesla vehicles. Separately, since 2016, NHTSA has opened 38 special investigations of crashes involving Tesla vehicles where advanced driver assistance systems such as Autopilot were suspected of being used. In June, NHTSA upgraded its defect investigation into 830,000 Tesla vehicles with Autopilot, a required step before it could seek a recall.

☆ Sen. Ed Markey hits back at Elon Musk after his response to questions about impersonation
▼ + stars: | 2022-11-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Sen. Ed Markey chastised Twitter's owner Elon Musk Sunday for his response to Markey's request for answers about the platform's new verification and impersonation policies. In response, Musk wrote back to Markey in a tweet Sunday and said, "Perhaps it is because your real account sounds like a parody?" Or Congress will," Markey wrote in a tweet Sunday. The account received a blue verified checkmark, even though Markey already has two legitimate verified accounts. The exchange between Musk and Markey on Twitter is not the first time the pair has gone head-to-head.

☆ Goldman says humanoid robots will be a $6 billion market in 10 years – How to play the growing trend
▼ + stars: | 2022-11-02 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +5 min

The firm estimates that in 10 to 15 years, it's achievable for the humanoid robots market to reach $6 billion and continue to grow from there. Forecasting growth in the sector shows that humanoid robots could become a widely adopted terminal device, following only smartphones and electric vehicles, according to Goldman Sachs. Where investment opportunities lie The firm put together a list of stocks in its coverage universe that could benefit from the trend towards adoption of humanoid robots across a few different areas. "What's unique in humanoid robots' sensing module is gyroscope/ Inertia Measurement Unit (IMU), to keep the robot's balance," said Du. "Future attempts at humanoid robots will need to decide whether they can reduce the usage of hardware components and let software take on the analytical role."

☆ Ford CEO puts the brakes on the company's plan for fully autonomous cars, saying there's a long way to go before it can develop them at scale
▼ + stars: | 2022-10-27 | by ( Stephen Jones | ) www.businessinsider.com time to read: +3 min

Ford is shifting its priorities away from developing fully autonomous cars. CEO Jim Farley said development of the vehicles at scale was "a long way off." The shift means that Ford is closing down Argo AI, a robo-taxi startup it jointly backed with VW. "Profitable, fully autonomous vehicles at scale are a long way off," CEO Jim Farley said, in a statement published alongside the automaker's third-quarter earnings, Wednesday. A vehicle with Level 4 ADAS capability is considered to be fully autonomous and can navigate most road situations without the need for human assistance.

DETROIT, Oct 26 (Reuters) - Ford Motor Co (F.N) on Wednesday reported a third-quarter net loss driven by its decision to shift spending from the Argo AI self-driving business. Ford posted a net loss in the quarter of $827 million, after taking a $2.7 billion noncash pretax impairment on its investment in Argo AI. The automaker said Argo will be "wound down" and that "talented engineers" will be offered positions with Ford. Chief Executive Jim Farley on Wednesday said Ford will shift its development focus away from fully self-driving systems developed by Argo to advanced driver assistance systems (ADAS) created internally at Ford. GM on Tuesday reported a net profit of $3.3 billion on record third-quarter revenue of $41.9 billion.

☆ Ford's earnings beat, significant free cash flow mean we're sticking with the auto stock
▼ + stars: | 2022-10-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Cash flow from operating activities was $3.8 billion, while adjusted free cash flow came in at $3.6 billion, beating analysts' estimates of $1.4 billion. Meanwhile, what stood out to us the most in the quarter was the significant free cash flow the business is generating. Adjusted EBIT came in at $204 million, well ahead of the $31 million loss predicted by Wall Street. Adjusted EBIT came in at $229 million, also a beat on analysts' estimates of $125 million. This target has not been attained despite the more than $100 billion Ford invested in the technology.

DETROIT, Oct 26 (Reuters) - Ford Motor Co (F.N) on Wednesday reported a third-quarter net loss driven by its decision to shift spending from the Argo AI self-driving business. Ford posted a net loss of $827 million, after taking a $2.7 billion noncash pretax impairment on its investment in Argo AI. The automaker said Argo will be "wound down" and that "talented engineers" will be offered positions with Ford. The other key investor in Pittsburgh-based Argo, Volkswagen AG (VOWG_p.DE), said it, too, expects to hire some personnel from Argo. Adjusted free cash flow in the quarter was $3.6 billion, with the outlook for the full year raised to $9.5 billion to $10 billion.

Instead of having Argo develop self-driving car technology for cars without steering wheels, brakes or accelerator pedals — what is known in the industry as Level 4 or L4 technology — Ford will instead pursue in-house development of a lower level of automated driving technology. Ford reported automotive revenue of $37.2 billion, a jump of $4 billion from a year ago and $1 billion more than the analysts’ forecasts. It also was hit with $1 billion in higher-than-expected supplier payments, and a $1.5 billion increase in commodity costs. But in the end, the big news of the earnings report was a major change in direction on self-driving vehicles. He said there is only so much talent available to develop the different driver assistance and self-driving features.

☆ Chinese EV maker Xpeng debuts most advanced semi-autonomous driving system to rival Tesla
▼ + stars: | 2022-10-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Chinese electric carmaker Xpeng on Monday revealed its most advanced semi-autonomous driving system as it looks to boost appeal for its vehicles amid rising competition. Xpeng took the wraps off XNGP, its latest advanced driver-assistance system, or ADAS. XNGP replaces Xpeng's Xpilot ADAS system. XNGP is Xpeng's most advanced ADAS to date. City NGP allows the car to semi-autonomously navigate complex urban environments with features such as lane switching.

☆ New images show harrowing scenes from inside New York's notorious Rikers Island jail, including prisoners in filthy and life-threatening situations
▼ + stars: | 2022-10-22 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +6 min

Newly obtained images show harrowing scenes inside New York City's notorious Rikers Island jail. The photos show a prisoner left to sit in their own feces and another being confined in a shower stall. A prisoner who was held in a decontamination shower stall at Rikers Island jail for nearly 24 hours. Still, despite the high spending, the Rikers images show extensive decay and dilapidation of the facilities, including broken floors, ceilings, and fire-singed doors. NYC Board of CorrectionImages also show rotten food, including moldy bread and fruit.

☆ Stellantis opens software hub in India to support digital strategy
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

MILAN, Oct 12 (Reuters) - Carmaker Stellantis (STLA.MI) said on Wednesday it had inaugurated a new software hub in Bengaluru, India, its second innovation centre in the country, focusing on cockpit and driver assistance technologies. Stellantis aims to generate 20 billion euros ($19.4 billion) in additional annual revenues by 2030 from its software-driven strategy. It will house laboratories including a next-generation acoustic one, developing specific audio signatures as well as premium audio experiences for Stellantis vehicle owners. read moreStellantis, the world's fourth largest carmaker, is present in the Indian market with its Jeep and Citroen brands. ($1 = 1.0305 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Giulio Piovaccari Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Top Wall Street analysts name their best stock ideas to ride out the market turbulence
▼ + stars: | 2022-09-25 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

To choose the right stocks, staying aware of what Wall Street analysts are saying can be of help. related investing news Analysts name the top 'high conviction' stocks for playing the market turbulence The perils and promise of quantum computing are nearing. The North American housing market has slowed considerably, with the ill effects trickling down to construction equipment demand. He holds the 782nd position among almost 8,000 analysts tracked on TipRanks and has a success rate of 52%. According to the law, a $3 per kg production tax credit will be provided to developers producing green hydrogen (hydrogen produced with electrolyzers sourced from clean energy).

☆ Here are Friday's biggest analyst calls: Apple, Tesla, Coinbase, Domino's, Costco, Meta & more
▼ + stars: | 2022-09-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

JPMorgan reiterates Coinbase as neutral JPMorgan lowered its price target on Coinbase to $60 per share from $78 and says it's concerned about weak activity levels and the selloff in crypto. JPMorgan reiterates Qualcomm as overweight JPMorgan said after Qualcomm's investor day that it's bullish on the company's opportunity in automotive. Morgan Stanley resumes Applovin as overweight Morgan Stanley resumed coverage of the software company and says Applovin is a category leader. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said in a note that competitors should be concerned about Tesla's gaining strength especially with the passage of the Inflation Reduction Act. " Morgan Stanley reiterates Advanced Micro Devices as overweight Morgan Stanley says it's standing by shares of Advanced Micro Devices but says it continues to see a "broad-based" semis correction.

☆ Qualcomm's first auto investor day offers signs the industry is embracing its tech platform
▼ + stars: | 2022-09-22 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

The estimated figure stems from Qualcomm's deals with auto companies that it expects to translate into sales in future years. Its booming auto pipeline and additional tie-ups with vehicle original equipment manufacturers (OEMs) offer more evidence that the industry is embracing its automotive platform. More Club thoughts Thursday's auto event has been circled on our calendars because it goes to the heart of our investment thesis in the company: revenue diversification. Nonetheless, the market has not been kind to Qualcomm's stock price this year, sending it down by more than 30%, as investors jumped ship over fears of a smartphone slowdown and higher interest rates. Qualcomm's stock closed down 0.75% on Thursday, at $123.68 a share.

☆ Chinese EV maker Xpeng launches rival to Tesla's semi-autonomous driving system
▼ + stars: | 2022-09-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The Chinese start-up announced Monday that it was piloting a feature known as City NGP, which stands for navigation guided pilot. City NGP is being trialed with some users of the premium version of it P5 sedan in the southern Chinese city of Guangzhou, where the company is headquartered, it said. City NGP was first announced last year, when Xpeng released Xpilot 3.5, the latest version of its advanced driver-assistance system, or ADAS. Charles Zhang, vice president of Xpeng, told CNBC on Monday that the pilot of City NGP brings the company "one step closer to full autonomy." Xpeng said that those trialing City NGP will need to download it via an update.

☆ From Jay-Z to Elon Musk: Inside the rise of Quinn Emanuel partner Alex Spiro, one of the lawyers helping the billionaire break out of his $44 billion deal to buy Twitter
▼ + stars: | 2022-09-20 | by ( Jack Newsham | ) www.businessinsider.com time to read: +14 min

Elon Musk has fired many lawyers but hired Alex Spiro for at least five cases, with a mixed record. But there's at least one lawyer who Musk seems to get along with: Alex Spiro. Spiro had been working behind the scenes for the billionaire when he was trying to buy Twitter. But they are hardly the "hardcore street fighters" Musk wants in a lawyer, according to a recent tweet of his. It's not clear how Spiro and Musk connected in the first place, but they seem to operate on the same wavelength.

This is the first time Cruise has acknowledged the long-term need for remote human operators. Truly autonomous vehicles are far behind the optimistic rollout schedules predicted just a few years ago. In a June interview on YouTube, Musk said developing self-driving cars was "way harder than I originally thought, by far." Over time, those people will act as "air traffic controllers," supervising a growing number of autonomous cars. "Even decades from now you will not get to 100% truly autonomous vehicles," Kaveh added.

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