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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. Broadcom: Of course, we love the company's AI business — both its custom silicon solutions for companies such as Alphabet and its networking chips that help stitch data centers together. Stanley Black & Decker: Jim said that this stock is the "most significant beneficiary" from lower rates in the entire portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Jim, there's, Lisa Su, Wells, Salesforce, CrowdStrike, it's, we've, Walt Disney, —, Eaton, we're, Kamala Harris, Harris, Jim's, Linde, Eli Lilly, Lilly isn't, That's, Morgan Stanley, Goldman Sachs, D.A, Satya Nadella's, Palo, cybersecurity, Brian Niccol, We're, Stanley Black, Decker, TJX, Charlie Scharf, Wells Fargo's, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple Intelligence, Abbott Laboratories, Devices, AMD, Nvidia, Broadcom, Apple, Federal Reserve, Costco Wholesale, Costco, Coterra, DuPont, Disney, ESPN, GE Healthcare, Democratic, Biden, Honeywell, Linde, Adobe, Microsoft, Davidson, Palo Alto Networks, Constellation Brands, Modelo, Corona, TJX, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: Wells Fargo, BlackRock, Dover, Eaton, China, U.S, Chipotle, New York City

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Starbucks, Disney, Microsoft, Cisco, Coinbase & more
▼ + stars: | 2024-10-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wells Fargo reiterates Citi as overweight The firm said Citi remains a number one pick following earnings on Tuesday. Citi reiterates JB Hunt as a top pick Citi said the shipping giant remains a top pick following earnings on Tuesday. Citi upgrades Cisco to buy from neutral Citi says AI will play a bigger role in Cisco's future than investors assume. Bank of America upgrades Corteva to buy from neutral The firm said the ag chemical company has numerous tailwinds ahead. Citi reiterates Coinbase as buy The firm lowered its price target on the stock to $275 per share from $345.

Persons: Fargo, Goldman Sachs, Wells, Baird, Grainger, Jefferies, Rapid7, GTM, JB Hunt, JBHT, it's bullish, Bernstein, Tesla, it's, GOOG, TD Cowen, Yum, Cowen, Taco Bell, Morgan Stanley, Piper Sandler, Walt Disney, Guggenheim, HSBC downgrades Estee Lauder, Estee Lauder, Coinbase Organizations: Citi, FAST, BMO, Microsoft, Netflix, Autodesk, Nvidia, Barclays, Apple, DoJ, UBS, California Resources, CRC, Chord Energy, Yum Brands, Taco, Taco Bell, Disney, Walt, Cisco, HSBC downgrades, HSBC, Bank of America, Qualcomm Locations: China, Greater China

☆ Why economists and strategists still say a recession is postponed, despite a startling inflation report
▼ + stars: | 2024-10-13 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Contradictory messages about inflation and the labor market have investors on guard. Price growth is slowly falling from its peak, but it exceeded expectations in September after a hot reading in August. AdvertisementInflation is a threat that won't sink the economyWhile there's plenty of economic data to get excited about, persistent price growth is a problem. "If we're going to be data dependent, we have to at least look at the data," Sosnick said. Higher-than-hoped inflation is rarely compatible with an economic downturn, so if price growth does persist, it likely won't be in an earnings-crushing contraction.

Persons: —, Steve Sosnick, they've, John Kerschner, Janus Henderson, Sosnick, Preston Caldwell, Morningstar's, Jim Baird, Plante, Baird, Joe Quinlan —, Skyler Weinand, Regan, Weinand, We've Organizations: Service, US, of Labor Statistics, Federal Reserve Bank of Atlanta, Interactive Brokers, Business, Manufacturing, Index, Janus, Janus Henderson Investors, Equity, Financial, Merrill, Private Bank, Bank of America, Regan Capital, Fed Locations: China

☆ Watch CNBC's full interview with JPMorgan President & COO Daniel Pinto
▼ + stars: | 2024-10-10 | 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 JPMorgan President & COO Daniel PintoBank outlooks are always an important part of quarterly earnings but given the Fed's 50-basis point cut this quarter, executive commentary on future performance in this easing cycle could be the biggest determinant of share performance. Normally, at the beginning of such a cycle, floating-rate loans reprice downward faster than deposits, creating a short-term headwind on net interest income. JPMorgan President & COO Daniel Pinto weighs in on what the industry looks like from the other side of rate cuts – and how long any pressures may last.

Persons: Pinto, Daniel Pinto Organizations: JPMorgan, Pinto Bank

☆ JPMorgan downgrades industrial bellwether after recommending it for almost 15 years
▼ + stars: | 2024-10-10 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

After 15 years of bullishness on Honeywell , JPMorgan is finally moving to the sidelines. In a Thursday note, the Wall Street bank downgraded shares of the Charlotte-based industrial manufacturer to a neutral rating from overweight. Shares of Honeywell are up just 1% on the year but stand to gain almost 10% over the next year, based on Tusa's updated price target. HON YTD mountain HON YTD chart While Tusa said Honeywell shares are cheap, the company's planned divestitures are a short-term headwind. Still, Tusa applauded Honeywell's defensive growth profile, extended visibility from a long cycle backlog and renewed focus on growth under a new CEO.

Persons: Stephen Tusa, YTD, Tusa, divestitures Organizations: Honeywell, JPMorgan Locations: Charlotte

☆ One of Wall Street's biggest bears is turning upbeat on the stock market for the first time in 2 years
▼ + stars: | 2024-10-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

JPMorgan's top strategist had something positive to say about stocks for the first time in a while. "While it is too soon to assume that this is a turning point, it does suggest that a recession is unlikely in the near term." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But that seems to be changing, based on a Tuesday note from JPMorgan chief global equity strategist Dubravko Lakos-Bujas. "We are neutralizing our long Defensive and short Cyclicals view," Lakos-Bujas said.

Persons: Dubravko Lakos, Bujas, — Organizations: JPMorgan, Service, Reserve, Federal Reserve, & $ Locations: China, buybacks

☆ Don't see the point in chasing the market when valuations are 'quite full', says Barclays' Krishna
▼ + stars: | 2024-10-08 | 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 EmailDon't see the point in chasing the market when valuations are 'quite full', says Barclays' KrishnaVenu Krishna, Barclays head of U.S. equity strategy, joins 'Squawk on the Street' to discuss Krishna's price target for the S&P 500, if the market's broadened out, and if bond yields will be a headwind for equity markets.

Persons: Krishna Venu Krishna Organizations: Barclays

☆ The bull market turns two soon. History shows it should keep going, but some investors are wary
▼ + stars: | 2024-10-08 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Historical bull market records indicate that stocks are more than likely to rally further from here, according to Carson Group. The current bull market turns two years old this week (S & P 500 bottomed on October 12, 2022). Data from Carson Group analyzing S & P 500 data showed that the existing bull market is still just the second youngest of the 12 since 1950. "Although many might think this bull market has gone too far and is getting old, that isn't the case at all. Komal Sri-Kumar, president of Sri-Kumar Global Strategies, believes that the bull market could have legs for another three to six months, maximum.

Persons: it's, Ryan Detrick, Kevin Gordon, Charles Schwab, Gordon, Komal, Kumar Organizations: Carson Group, CNBC, U.S, Sri, Kumar

☆ Wells Fargo downgrades Amazon on slowing growth expectations, Walmart competition
▼ + stars: | 2024-10-07 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The good times for Amazon may be over for now, according to Wells Fargo. "Amazon is likely still a solid margin expansion story over the long term," he added. "But as Amazon management has said multiple times, margin expansion won't be linear. We, and market consensus, likely became a bit exuberant in our extrapolation of margin expansion trends in 2023 and early '24 to '25 and beyond forecasts." "In addition to cheaper fulfillment pricing than Amazon, Walmart can match Prime's shipping speeds.

Persons: Ken Gawrelski, Gawrelski, Amazon's Organizations: North America Retail, Amazon, Services, Walmart Locations: Wells Fargo, Friday's, SPX

☆ Here's how to invest in the Q3 earnings season as profits re-accelerate despite misplaced recession myths
▼ + stars: | 2024-10-06 | by ( James Faris | ) www.businessinsider.com time to read: +9 min

AdvertisementCorporate earnings are on pace for their best non-pandemic year since 2018, and market strategists expect the party to continue in the upcoming earnings season and into 2025. "There's not always a one-for-one relationship between economic growth and earnings growth," Reynolds said. "You can still see earnings growth at a pretty robust level, even if economic growth moderates to some extent. "That could be a little bit of a headwind for the market," Saglimbene said. That's a normal earnings growth kind of environment, and I think that's enough to continue to push the market higher."

Persons: —, Mike Reynolds, Anthony Saglimbene, He's, Saglimbene, Joe Quinlan — who's, Bank of America —, Quinlan, Reynolds, it's, Andrew Slimmon, Jim Baird, Plante, Michael Smith, Smith, There's, Slimmon, he's Organizations: Service, Business, Ameriprise, Merrill, Private Bank, Bank of America, Morgan Stanley Investment Management, Financial, Allspring Global Investments, Bears Locations: what's

☆ HSBC says buy this data center stock as AI drives growth
▼ + stars: | 2024-10-04 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

HSBC thinks Equinix could see strong growth ahead thanks to strong demand for artificial intelligence data centers. The company operates as a real estate investment trust (REIT) that focuses primarily on data centers. Kanumuri upgraded the data center stock to buy from hold and raised his price target to $1,000 per share from $865. "However, we see this as a value-accretive opportunity for Equinix to accelerate growth and improve revenue per data center in 2025." Of the 27 covering Equinix, 21 rate it as a buy or a strong buy.

Persons: Equinix, Phani Kanumuri, Kanumuri Organizations: HSBC, Microsoft Locations: Equinix

☆ Lachlan Morton’s historic cycle around Australia: Headwinds, hunger and ‘a very close call’ with a kangaroo
▼ + stars: | 2024-10-04 | by ( George Ramsay | ) edition.cnn.com time to read: +6 min

During his travels, the professional cyclist has braved brutal headwinds, extreme temperatures, dangerous traffic and even dusted himself off after a run-in with a kangaroo. That’s all while cycling up to 17 or 18 hours a day, stopping only to sleep, eat and mentally reset before doing it all again. “Rainy days, big, long headwind days – I think mentally they’re probably the most challenging,” says Morton. Reminding yourself that you’re just on a bike ride becomes very important.”This, however, is far from any normal bike ride. Morton has had to negotiate large trucks on his cycle around Australia.

Persons: ”, Lachlan Morton, it’s, Morton, “, ” Morton, you’ve, –, David Alley’s, “ You’re, Karter Machen, Rachel, ” – Morton, birdsong, He’s Organizations: CNN, Port Macquarie, CNN Sport, EF, Road, Association of Australia, Tour de France, Education –, Indigenous Literacy Foundation Locations: Port, Sydney, Australia, Adelaide, Brisbane, Broome, Darwin, Esperance, Melbourne, Perth, Paris, Munich, Ukrainian, Riding

☆ As Costco sells platinum, experts explain how the precious metal differs from gold
▼ + stars: | 2024-10-04 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Costco sells a broad selection of gold and silver products, and now it's adding platinum to the mix. The wholesaler has already sold through multiple rounds of platinum coins and bars in the past week. AdvertisementCostco shoppers have been snapping up a broad selection of gold and silver products over the past year. Costco now offers platinum products online, including both bars and coins. Related storiesGoldCore's business is primarily in gold and silver, but Russell told BI that platinum makes up a "very small percentage" of what the company sells.

Persons: —, Gary Millerchip, Edward Sterck, Sterck, bode, Mindy Schauer, David Russell, Russell Organizations: Costco, Service, Canadian Mint, Platinum Investment Council, Media, Getty, ICE Locations: Swiss, Orange

☆ Stocks making the biggest moves premarket: Nvidia, Levi Strauss, EVgo and more
▼ + stars: | 2024-10-03 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

EVgo — Shares advanced more than 9% after JPMorgan upgraded the electric vehicle charging company to overweight . Levi Strauss — Shares plunged 12% after the denim maker trimmed its full-year revenue guidance and delivered fiscal third-quarter revenue that missed analysts' expectations. Constellation Brands — The beverage company rose slightly on the back of better-than-expected fiscal second-quarter earnings. Revenue of $2.92 billion, however, marginally missed expectations. Stellantis — The automaker was down more than 3% in the premarket after a Barclays downgrade to equal weight from overweight.

Persons: Mizuho, Jensen Huang, CNBC's, Blackwell, Eli Lilly, Bill Peterson, Levi Strauss —, Stellantis, Henning Cosman, — CNBC's Brian Evans, Lisa Han, Jesse Pound, Sean Conlon Organizations: Mizuho, Nvidia –, U.S . Food, Drug Administration, JPMorgan, Dockers, Constellation Brands, Barclays Locations: U.S

☆ Stocks making the biggest moves midday: Hims & Hers Health, Joby Aviation, Levi Strauss and more
▼ + stars: | 2024-10-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

EVgo — Shares soared 55% after the electric vehicle charger company received a $1.05 billion conditional loan from the Department of Energy. Hims & Her Health had previously developed compound versions of the drugs to take advantage of the shortage. Joby Aviation – Shares dropped more than 7%, paring back gains made in the previous session. Palantir recently announced that it's partnering with Edgescale AI to deliver Live Edge, a platform that will utilize artificial intelligence for manufacturing, utilities and other areas. Investors see both Vistra and Constellation as becoming key supporters of data center growth for developing tech companies' artificial intelligence technologies.

Persons: Bill Peterson, Eli Lilly, paring, Joby, Levi Strauss, Levi, Jensen Huang, CNBC's, Blackwell, Henning Cosman, Palantir, Sundar Pichai, Yun Li, Lisa Kailai Han, Hakyung Kim Organizations: Department of Energy, JPMorgan, U.S . Food, Drug Administration, Toyota, Dockers, Wolfspeed, Mizuho, Nvidia, Barclays, Constellation Energy, Nikkei, Investors Locations: U.S, China

It also raised its price target to $210 from $187, suggesting shares could rise more than 17% from Tuesday's close. He maintained his $2,400 price target, which implies 16.2% upside potential from Tuesday's close. Bank of America's Lorraine Hutchinson reiterated her buy rating while trimming her price target to $100 from $104. Deutsche Bank analyst Krisztina Katai also maintained her buy rating and inched down her price target by $3 to $92. He also lowered his price target on shares to $40 from $42, implying upside of just 5.2% over the next 12 months.

Persons: Baird, Davidson, Raymond James, Pavel Molchanov, Molchanov, — Hakyung Kim, FANG, Betty Jiang, Jiang, Diamondback, John Pancari, Pancari, Marcelo Santos, Santos, LatAm, Santo, Elliott Hill, Bank of America's Lorraine Hutchinson, Hutchinson, Krisztina Katai, Katai, Matthew Boss, Boss, Baird downgrades Harley, Craig Kennison, Harley, Kennison, Fred Imbert Organizations: CNBC, GE, General Electric, Barclays, Diamondback, Diamondback Energy, Endeavor, Endeavor Energy Resources, Management, T, T Bank, Federal Reserve, ISI, EA, JPMorgan downgrades, JPMorgan, MercadoLibre, Nike, Bank of, Deutsche Bank, Harley Locations: Tuesday's, Bank of America's, Hill

☆ Stocks making the biggest moves midday: Tesla, Nike, Humana and more
▼ + stars: | 2024-10-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Tesla — Shares declined about 4% after the electric vehicle company fell short of third-quarter delivery estimates . Chinese stocks — Chinese stocks continued to rally on the back of sweeping stimulus measures in the country. Lamb Weston Holdings — Shares of the french fry giant rose more than 2% after its fiscal first quarter topped estimates. Analysts surveyed by LSEG expected 72 cents per share in earnings and $1.56 billion in revenue. The company posted revenue of $2.79 billion, versus a FactSet estimate of $2.84 billion.

Persons: Humana, That's, JD.com, Davidson, Lamb, Lamb Weston, LSEG, CNBC's Lisa Han, Yun Li, Jesse Pound, Michelle Fox, Sean Conlon Organizations: Nike, Exchange, KraneShares CSI China Internet, Baird, Lamb Weston Holdings —, Barclays, Endeavor Energy Resources, Conagra

☆ India has emerged as one of the best global markets for the long haul. Here are the drivers—and how to play the rally
▼ + stars: | 2024-10-02 | by ( Pia Singh | In | ) www.cnbc.com time to read: +7 min

India's recent stock market surge has investors viewing the country as an emerging market poised for long-term outperformance. The India NSE Nifty 50 Index , the country's domestic stock market benchmark, has soared 18.7% this year, hitting record levels. "The data show that, historically, the Indian market has offered robust returns with reduced volatility." Going back to 2015, INDA has seen bigger annual gains and smaller declines than the broader emerging market fund. How to play the Indian market Financials are among investors' favorite spots in India's booming stock market.

Persons: It's, Malcolm Dorson, Dorson, GlobalX, Russell, —, EEM, INDA, Amr Abdel Khalek, Khalek, Jerome Powell, Venugopal Garre, Krishna Mohanraj, You've, Mohanraj Organizations: India NSE, Global, CNBC, U.S, Federal, Fed, Nasdaq, China, MRB Partners, Traders, Barclays, Diamond Hill Capital Management, HDFC Bank, ICICI Bank, Axis Bank, ICICI, HDFC, Whitehaven Coal, Prestige Estates Locations: India, China, Dorson, U.S, Whitehaven

☆ Bank of America's top ideas for the fourth quarter including Starbucks and Walmart
▼ + stars: | 2024-10-02 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Analyst Sara Senatore said the recent arrival of CEO Brian Niccol is a potential catalyst for Starbucks stock. She expects the former Chipotle chief to turn around Starbucks' North American business more quickly and with less investment than expected. SBUX YTD mountain Starbucks stock. Walmart stock has advanced more than 54% in 2024. WMT YTD mountain Walmart stock.

Persons: Anthony Cassamassino, Sara Senatore, Brian Niccol, Robert Ohmes, Ohmes Organizations: Bank of America, Dow Jones, Walmart, Bank of America's, Hasbro Locations: Iran, Israel

☆ China's stock surge has echoes of the 2015 bubble. What's different this time
▼ + stars: | 2024-10-01 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Costfoto | Nurphoto | Getty ImagesBEIJING — The rocket higher in Chinese stocks so far looks different from the market bubble in 2015, analysts said. Major mainland China stock indexes surged by more than 8% Monday, extending a winning streak on the back of stimulus hopes. Stock market leverage by percentage and value were far higher in 2015 than data for Monday showed, according to Wind Information. He added that there are market risks from how unprepared the stock trading system was for the surge of buying. Reports indicate brokerages have been overwhelmed with new requests, echoing how individuals piled into the stock market nearly a decade earlier.

Persons: Aaron Costello, We're, Xi Jinping, Zhu Ning, Stephen Roach, Yale Law School's Paul Tsai, Costello, Peter Alexander, it's, —, Alexander Organizations: Nurphoto, Getty, Cambridge Associates, U.S ., greenback, U.S, CSI, People's Bank of China, Nikkei, Yale Law, Yale Law School's Paul Tsai China Center, Ministry of Finance, Ben Advisors, Shanghai Stock Exchange Locations: Hangzhou, China, BEIJING, Shanghai, Shenzhen, Asia, MSCI, People's Republic of China, Beijing

☆ The biggest stock market winners and losers of the US port strike
▼ + stars: | 2024-10-01 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Port workers are demanding a 61.5% raise and oppose the adoption of automation in new contract negotiations. According to Stifel analyst Bruce Chan, the ramifications of the port strike won't be sizable unless the strike is drawn out for more than two weeks. Robinson Worldwide and Expeditors International of Washington have seen gains of 4% and 5% in the past week, respectively, as investors anticipate increased business due to the port strike. Biggest losersThe biggest losers, so far, appear to be shipping container companies that are directly exposed to the port strike. That means railroads and trucking companies with significant exposure to the east coast could take a hit.

Persons: —, Bruce Chan, Chan, It's, Robinson, Biden, Hartley Organizations: Air, UPS, FedEx, Service, Workers, International Longshoremen's Association, Yahoo Finance, ILA, Expeditors International of Washington, ZIM Integrated Shipping Services, Lease, Taft, CSX, NSC, Walmart, Costco, Target Locations: Gulf, East, West, Canada, Taft, Coast

☆ China's reacceleration could be a headwind for U.S. economy, says Morgan Stanley's Chris Toomey
▼ + stars: | 2024-10-01 | 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 EmailChina's reacceleration could be a headwind for U.S. economy, says Morgan Stanley's Chris ToomeyChris Toomey, Morgan Stanley Private Wealth, joins 'Closing Bell' to discuss the markets, the Fed and the economy.

Persons: Morgan, Chris Toomey Chris Toomey, Morgan Stanley Organizations: Wealth, Fed

☆ Port strike would be headwind for retailers and consumer, says Telsey Advisory Group's Dana Telsey
▼ + stars: | 2024-09-30 | 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 EmailPort strike would be headwind for retailers and consumer, says Telsey Advisory Group's Dana TelseyDana Telsey, Telsey Advisory Group, joins 'Fast Money' to talk the impact of a looming port strike of retailers and consumers.

Persons: Dana Telsey Dana Telsey Organizations: Telsey Advisory

☆ Austrian far right pledges to win Sunday's election as tight race winds up
▼ + stars: | 2024-09-28 | by ( ) www.cnbc.com time to read: +1 min

Austrian Chancellor and Head of the Austrian People's Party (OeVP) Karl Nehammer (L) and chairman and top candidate of the Freedom Party of Austria (FPOe) Herbert Kickl (R) meet during their pre-election tv debate hosted by Austrian state network ORF in Vienna, Austria on September 23, 2024. The leader of Austria's far-right Freedom Party (FPO), Herbert Kickl, pledged on Friday to win this weekend's parliamentary election in what would be a historic first, even as opinion polls show the race is now too close to call. Chancellor Karl Nehammer's conservative Austrian People's Party (OVP), however, has closed the gap to within the margin of error, as the OVP sought to present him as a statesman in contrast to the often abrasive and polarizing Kickl. "This time we will be number 1," he said, underscoring the fact that it would be the first time the party founded in the 1950s had won a parliamentary election. It secured its first national victory this year when it beat the OVP by less than a percentage point in June's European election.

Persons: Karl Nehammer, Herbert Kickl, Austria's, Chancellor Karl Nehammer's, Kickl Organizations: Austrian People's Party, Freedom Party of Austria, Austrian, ORF, Party, European Union, Stephen's, OVP Locations: Austrian, Vienna, Austria, St

☆ We're upping our price target on Costco after another steady quarter fortifies our thesis
▼ + stars: | 2024-09-26 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

The report didn't blow us away, but it still offered plenty of reminders on why Costco investors should stick around. Total revenue in its fiscal 2024 fourth quarter totaled $79.7 billion, missing analysts' expectations of $79.97 billion, according to estimates compiled by LSEG. Costco has succeeded for decades, but the high inflation of recent years has made the company's value-focused ethos really shine. Put it all together, we're increasing our price target on the stock to $950 a share from $875. In the quarter, Costco's membership renewal rate in the U.S. and Canada came in at 92.9%, a tick lower than the 93% rate observed in the third fiscal quarter, while worldwide held constant at 90.5%.

Persons: Gary Millerchip, Ron Vachris, Millerchip, it's, Kirkland, Costco's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Costco, LSEG, Wholesale, Walmart, Club, Amazon, Costco's, Kirkland, Kirkland Signature, Management, U.S, CNBC Locations: Costco's, Yemen, U.S, Canada, Maine, Richmond , California

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