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A day after its sharpest rally since 2013, Tesla's stock on Friday headed for its highest close in more than a year as investors and analysts continued to applaud the electric vehicle company's third-quarter results. Tesla shares rose 2.8% on Friday morning to $267.79, putting the stock on pace for its highest finish since September 2023. The firm, which already had a buy rating on the stock, said it was increasing its 12-month price stock prediction to $315 from $310 "to reflect higher deliveries and higher margins." Still, Tesla's stock remains about 35% below its all-time high reached in 2021. WATCH: Tesla's price war is over

Persons: Elon Musk, Mark Read, Piper Sandler, Tesla, FactSet, Musk, Larry Ellison, Li Auto, Bernstein Organizations: Cannes Lions, JPMorgan, Forbes, Tesla, Ford, General Motors Locations: Cannes, France, FSD, California, Texas, China, U.S

☆ Forget the Robotaxi: Wall Street cares about Tesla's business basics
▼ + stars: | 2024-10-24 | by ( Kelsey Vlamis | Lloyd Lee | ) www.businessinsider.com time to read: +4 min

AdvertisementTesla's earlier Robotaxi unveiling failed to impress investors, despite a surprise Robovan announcement and promises that unsupervised fully autonomous driving would be available in California and Texas next year. After the unveiling, Tesla's stock fell 10%. And the stock increase shows just how much analysts focus on the near-term and Tesla's automotive business, he said. The company also said in its earnings report that production on "more affordable models" remains on track for the first half of 2025. Musk also touted other aspects of Tesla's business, including its energy products and fully autonomous self-driving cars.

Persons: —, Tesla, Musk, Piper Sandler, Dan Levy, Gene Munster, Mark Narayan Organizations: Tesla, Service, Elon Musk's, Analysts, Barclays, Deepwater Asset Management, RBC Capital Markets, Optimus Locations: California, Texas

☆ McDonald's and Boeing: The two stocks Wall Street will keep an eye on Wednesday
▼ + stars: | 2024-10-23 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +2 min

(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. Investors on Wednesday were focused on big news involving two Dow Jones Industrial Average components: Boeing and McDonald's. The current bull market and how much more stocks can continue to rally was also on investors' minds. McDonald's E. coli outbreak, Boeing earnings McDonald's shares were lower and the primary drag on Dow futures after an E-coli outbreak linked to Quarter Pounders that has killed one person and lead to dozens being hospitalized.

Persons: Sara Senatore, Senatore, Kelly Ortberg, Phil Lebeau, Tony Bancroft, —, Ortberg, Piper, Craig Johnson, Piper Sandler, Johnson Organizations: PRO, Worldwide, Dow Jones, Boeing, Dow, Bank of America, New, CNBC, Gabelli, Aerospace, Defense, Federal Aviation Administration, Max Jets, Piper, Marvell, Scotts Miracle, Gro Locations: Corning, Illumina

☆ Tesla reports earnings after the bell. Here's what Wall Street expects from the struggling EV giant
▼ + stars: | 2024-10-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The stakes are high for Tesla when the electric vehicle giant reports results after the bell Wednesday. Analysts polled by LSEG expect the company to report earnings of 58 cents per share on $25.37 billion in revenue. The company posted adjusted earnings per share of 52 cents and revenue of $25.50 billion last quarter . Stakes are even higher for the company following an underwhelming robotaxi event earlier this month that failed to impress Wall Street analysts and investors hopeful for a turnaround. He retained an equal weight rating and $220 price target, implying shares will trade in a range from here.

Persons: Li, Ryan Brinkman, Piper Sandler, Alexander Potter, Potter, Cantor Fitzgerald's Andres Sheppard, Sheppard, Dan Levy, Jefferies, Philippe Houchois, Tesla Organizations: Tesla, LSEG, EV, Li Auto, Wall Street, Barclays Locations: China

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, Reddit, Tesla, RH, Warby Parker, UPS and more
▼ + stars: | 2024-10-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Piper Sandler reiterates Tesla as overweight Piper says it's sticking with Tesla heading into earnings later this week. Morgan Stanley initiates BioAge Labs at overweight Morgan Stanley says the biotech company is well positioned. " Goldman Sachs upgrades Warby Parker to buy from neutral Goldman sees customer growth for the eyewear company. Morgan Stanley reiterates Home Depot as overweight Morgan Stanley raised its price target on Home Depot to $450 per share from $380. Morgan Stanley downgrades ServiceNow to equal weight from overweight Morgan Stanley said that expectations are already priced in to the stock.

Persons: John Donovan, Piper Sandler, Tesla, Piper, it's bullish, Morgan Stanley, Goldman Sachs, Warby Parker, Needham, Reddit, Gary Friedman, Jack Preston, Baird, TD Cowen, Cowen, Prologis, Goldman, Craig Felenstein, Jim Bombassei, Morgan Stanley downgrades ServiceNow Organizations: Deutsche Bank, GE Vernova, Deutsche, General Electric, BioAge, Barclays, UPS, FedEx, Dominion, Goldman, Nvidia, AMD, Mohawk Industries, JPMorgan, China EV, Catalyst, Bank of America, Fortune Locations: GitLab, NVDA, Europe, U.S, Las Vegas, China

☆ CNBC Daily Open: Strong earnings, macro conditions driving stocks higher
▼ + stars: | 2024-10-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

In this article KBE.IXIC.SPX.DJIASML-NLDAMZN.FTSEMS Follow your favorite stocks CREATE FREE ACCOUNTThe Morgan Stanley headquarters in New York, US, on Monday, Oct. 14, 2024. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Morgan Stanley , for one, reported third-quarter figures that surpassed earnings and revenue estimates. The bank's profit jumped 32% from a year ago, far outstripping the LSEG estimate and topping several other big banks' income growth. The investment banking business was a main source of profit for Morgan Stanley.

Persons: DJI ASML, Morgan Stanley, Michael Nagle, Piper Sandler, – CNBC's Hugh Son, Alex Harring, Jeff Cox, Lisa Kailai Han, Jesse Pound Organizations: Bloomberg, Getty, CNBC, Dow Jones, Nasdaq, U.S . Federal Reserve, P Bank ETF, UBS, U.S . Labor Department Locations: New York, Wall

☆ Piper Sandler says own these expensive stocks and sell these others
▼ + stars: | 2024-10-17 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Earnings momentum can mean the difference between whether to buy stocks that have expensive valuations or not, according to Piper Sandler. That group was named to the "hold" list, while the others were deemed part of the "fold" cohort. CNBC Pro compiled a handful of names from each list exclusively for subscribers: The 'hold' list Nvidia was one of several buzzy names on the list of hold stocks. While it has a price-to-earnings multiple for the next 12 months at 36.615, it has an earnings revision ratio of 0.597. The home improvement retailer has a negative earnings revision ratio of 0.589 on top of a forward price-to-earnings multiple of 26.691.

Persons: Piper Sandler, Michael Kantrowitz, Kantrowitz, LSEG, Berkshire Hathaway, McDonald's Organizations: CNBC, Nvidia, Berkshire, Depot, LSEG Locations: Chicago

☆ Netflix earnings need to justify runup in stock. What analysts see for subscribers, ad tier
▼ + stars: | 2024-10-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Analysts surveyed by LSEG expect Netflix earnings to come in at $5.12 per share, while revenue should hit $9.769 billion. In the second quarter, Netflix earned $4.88 per share on $9.56 billion in revenue. Along with solid numbers for the quarter just ended, other analysts believe Netflix also has to raise prices to appease shareholders. Citigroup's Jason Bazinet says price hikes are warranted at Netflix due to strong engagement trends and competitors' own price increases. A ramping ad-tier Finally, Wall Street is keeping close watch on the advertising tier business Netflix rolled out in November 2022.

Persons: Evercore, Mark Mahaney, Citigroup's Jason Bazinet, Goldman Sachs, Eric Sheridan, Deutsche Bank's Bryan Kraft, Wells, Steven Cahall, Kannan Venkateshwar, NFLX, Alan Gould, Piper, Matt Farrell, Doug Anmuth, Morgan Stanley, Benjamin Swinburne, Alicia Reese Organizations: Netflix, Wall, LSEG, StreetAccount, Deutsche, Barclays, Wednesday's, JPMorgan

☆ Jim Cramer says he would be a buyer of Disney if the stock goes to this key level
▼ + stars: | 2024-10-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Jim Cramer would be a buyer of Walt Disney if the stock were to trend lower. He said that buying on weakness makes sense because the slowdown in Disney's theme parks business, the profit engine at the company, will eventually abate. The challenge, at least in the short term, is dealing with the demand slowdown at Disney theme parks. 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, Piper Sandler, Jim, Disney, what's, Helene, Jim Cramer's Organizations: ESPN, KeyBanc, DIS, Disney, Hulu, Federal Reserve, Wednesday's, CNBC Locations: Florida, California, Milton

☆ Netflix has won the streaming wars but Wall Street still has big questions about its future
▼ + stars: | 2024-10-16 | by ( Lucia Moses | ) www.businessinsider.com time to read: +8 min

The US and Canada drive 70% of Netflix's revenue growth and are crucial for its future ad expansion. AdvertisementBy now, it's become a common refrain in Hollywood: Netflix has won the streaming wars. Amazon threw a wrench into Netflix's advertising ambitions by steamrolling into the market earlier this year. With subscriber growth potential limited in the US because Netflix is already quite saturated in the market, Netflix needs to ramp up ad revenue. While Netflix's ad tier growth is steadily adding inventory, those tech deals will take a couple of years to ramp up.

Persons: —, it's, Nielsen, hasn't, steamrolling, It's, Tyson, Paul, Netflix execs, Amazon, What's, Dan Salmon, NewStreet, Lowell Singer, There's, Piper Sandler's Organizations: Wall Street, Netflix, Service, Amazon, Barclays, WWE, LightShed Partners, Citibank, Epic Games, Disney, Piper Locations: Canada

☆ 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

☆ These 5 portfolio stocks outperformed the market's incredible run since our September Monthly Meeting
▼ + stars: | 2024-10-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

We did hold onto our rate-sensitive names like Wells Fargo and Morgan Stanley , which were among the best performers since the last Monthly Meeting. Morgan Stanley: 16.2% Following the Fed's decision, shares advanced as investors became more optimistic about a soft landing for the U.S. economy. Morgan Stanley benefits from lower rates — and, in turn, a better economy — because it can usher in more Wall Street dealmaking such as initial public offerings and mergers and acquisitions. That's because the Club has been debating exiting Morgan Stanley altogether for a potentially better investment banking rebound play like Goldman Sachs. Morgan Stanley reiterated its buy-equivalent rating on Oct. 10, arguing that Eaton has a positive setup into earnings season.

Persons: It's, Wells, Morgan Stanley, Morgan, Goldman Sachs, Morgan Stanley's, Salesforce, Marc Benioff, Piper Sandler, Guggenheim, Meta, Eaton, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Dow Jones Industrial, Dow, Procter, Gamble, Meta, Fed, Northland Capital Markets, UBS, Citigroup, Analysts, JPMorgan, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: U.S, Wells Fargo, Salesforce, Eaton, Tuesday's, Northland

☆ CNBC Daily Open: Bullish sentiment and broadening rally – plenty to like about markets
▼ + stars: | 2024-10-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Breather from rally U.S. markets fell Monday, weighed down by a drop in semiconductor stocks and a 8.1% slide in UnitedHealth . Tech stocks fell 6.36%, while telecoms stocks rose 1.97%. Indeed, San Francisco Fed President Mary Daly, who's a member of the Federal Open Market Committee this year, noted that the central bank is "a long way from where [rates are] likely to settle."

Persons: ASML, there's, They're, Michael Hartnett, Mary Daly, who's, Dow, Piper, Craig Johnson, –, Jeff Cox, Samantha Subin, Yun Li, Lisa Kailai Han, Alex Harring Organizations: New York Stock Exchange, CNBC, UBS, Tech, ASML's, Bloomberg, Nvidia, AMD, Semiconductor, Nasdaq, Dow Jones, Dow, Survey, U.S . Federal Reserve, San Francisco Fed, Federal Locations: New York City, U.S, Tuesday's, Netherlands, ., Beijing

☆ CNBC Daily Open: Bullish sentiment and broadening rally – markets are in a good place
▼ + stars: | 2024-10-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineDespite markets falling Tuesday, there's still plenty to like about their current state. Weighed down by ASML's 16% dive and a report by Bloomberg on potential AI-chip export controls, semiconductor stocks like Nvidia and AMD fell 4.7% and 5.2% respectively. Still, investors are the most bullish in four years, according to the October BofA Global Fund Manager Survey.

Persons: DJI, Spencer Platt, there's, They're, Michael Hartnett, Mary Daly, who's, Dow, Piper, Craig Johnson, –, Jeff Cox, Samantha Subin, Yun Li, Lisa Kailai Han, Alex Harring Organizations: AMD, New York Stock Exchange, Getty, CNBC, ASML's, Bloomberg, Nvidia, Semiconductor, Nasdaq, Dow Jones, Dow, Survey, U.S . Federal Reserve, San Francisco Fed, Federal Locations: U.S, Beijing

☆ Victoria's Secret could be the next brand Gen Z brings back from the dead
▼ + stars: | 2024-10-15 | by ( Amanda Krause | ) www.businessinsider.com time to read: +11 min

Victoria's Secret seemingly has a plan to attract Gen Z shoppers and revive its relevance. AdvertisementDuring a recent visit to Victoria's Secret, Julia Quang bought three things: Bombshell perfume, flavored lip gloss, and whale-tail thongs. Piper Sandler even named Victoria's Secret as the third most popular fragrance brand with young people in its 2024 Gen Z survey. The Victoria's Secret comeback isn't official — yetRewind a few years and Victoria's Secret seemed to be on uneven footing. AdvertisementA Victoria's Secret representative says the brand — which boasts a board of directors of 89% women — is working on that.

Persons: Sabrina Carpenter, —, Julia Quang, Ed Razek, Z, Fitch they've, Piper Sandler, lacy, Elizabeth Lyons, Kimmay Caldwell, It's, Tyra Banks, Adriana Lima, Behati Prinsloo, Candice Swanepoel, Jasmine Tookes, They'll, Paloma Elsesser, Devyn Garcia, Ashley Graham, Caldwell, Christopher Polk, Rolling, Suni Lee, influencer Alix Earle, Victoria's, They're, who's, Savage X, Hillary Super, J . Lee, FilmMagic Lauren Sherman, Chantal Fernandez, Fernandez, she's, Sherman, Joseph Altuzarra, they're, they've Organizations: Service, Abercrombie, Angels Locations: Quang, New York City

☆ The stock market is overvalued, but that's no reason to turn bearish, analyst says
▼ + stars: | 2024-10-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The firm sees no immediate catalysts like surging interest rates or inflation to trigger a downturn. AdvertisementInvestors worried that the stock market is overvalued shouldn't sell stocks, according to a Monday note from Piper Sandler. AdvertisementWithout an imminent spike in interest rates, the unemployment rate, or inflation, the stock market should continue its upward trend even if it's overvalued, according to Kantrowitz. AdvertisementKantrowitz recommends investors monitor credit spreads to determine whether there is fear in the stock market that could signal a period of negative equity returns going forward. Tight credit spreads, a solid labor market, and continued GDP growth are all signals that investors should stay bullish, according to Kantrowitz, even if the stock market is slightly overvalued.

Persons: Piper Sandler, —, Michael Kantrowitz, Kantrowitz, Stocks, it's Organizations: Service, Investors, CNBC

☆ Analysts cheer Wells Fargo to 2018 highs after earnings. We have 1 qualm with the praise
▼ + stars: | 2024-10-14 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Wells Fargo stock hit new multi-year highs on Monday after Wall Street analysts praised the bank's third-quarter earnings report. Investors are mulling a slew of positive analysts' calls after Wells Fargo's better-than-expected quarterly earnings . WFC 5Y mountain Wells Fargo 5 years In response, Barclays raised Wells Fargo's price target to $75 apiece from $66 on Sunday, implying roughly 23% upside from Friday's prior close. In fact, in Jim's Sunday column , he argued that Wells Fargo's earnings report may be the best of the batch so far. Wells Fargo bank signage is seen on Broadway on April 12, 2024 in New York City.

Persons: Wells, Wells Fargo, That's, Wells Fargo's, Charlie Scharf, Piper Sandler, JPMorgan Chase, Jamie Dimon, Goldman Sachs, Morgan Stanley, Jim, we're, dealmaking, Jim Cramer, Charlie Scharf's, Piper Sandler's, Jim Cramer's, Michael M Organizations: Wall, Barclays, Wells, Federal Reserve, JPMorgan, Bank of America, Citigroup, Wall Street, Club, CNBC, Broadway, Santiago, Getty Locations: Wells Fargo, Wells, New York City

☆ Here are Monday's biggest analyst calls: Nvidia, Broadcom, Apple, Tesla, Flutter, Caterpillar, Alphabet & more
▼ + stars: | 2024-10-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Monday: TD Cowen reiterates Nvidia as buy TD said Nvidia remains a top pick at the firm. Goldman Sachs upgrades Ibotta to buy from neutral Goldman Sachs reiterates Alphabet as buy Goldman lowered its price target on the stock to $208 per share from $217 citing a slew of headwinds for Alphabet. Wells Fargo upgrades Flutter to overweight from equal weight Wells says investors should buy the dip in shares of the gambling company. Goldman Sachs downgrades AutoZone to sell from buy Goldman downgraded the auto parts retailer due to "muted growth." Goldman Sachs upgrades Ibotta to buy from neutral Goldman says it likes the growth opportunity for the mobile tech company.

Persons: TD Cowen, Mizuho, Goldman Sachs, Goldman, Wells, Truist, Morgan Stanley, Caterpillar, Piper Sandler, Tesla, Piper, wouldn't, it's, Baird, KeyCorp, Jefferies, it's bullish, Stock, GOOS, AppLovin, Oppenheimer Organizations: Nvidia, NVIDIA, Away Tech, Mizuho, AMD, Broadcom, UBS, Partners, Surgery Partners, Apple, VF Corp, Vans, UW, Walmart Locations: Wells Fargo, China

☆ Market over-valuation is no reason to get bearish, says Piper Sandler's Michael Kantrowitz
▼ + stars: | 2024-10-14 | 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 EmailMarket over-valuation is no reason to get bearish, says Piper Sandler's Michael KantrowitzMichael Kantrowitz, chief investment officer at Piper Sandler, joins CNBC to discuss outlooks on over-valued markets, how he's positioning, and more.

Persons: Piper Sandler's Michael Kantrowitz Michael Kantrowitz, Piper Sandler Organizations: CNBC

☆ Stanley cups are 'on the way out' along with skinny jeans, wealthy teens say
▼ + stars: | 2024-10-13 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

At the same time, the brand's popularity may have peaked and is "on the way out," teens said in the firm's annual survey. While Stanley's multi-colored insulated cups still have considerable caché, upper-income teens told Piper Sander that the products could soon see the same fate as skinny jeans. Upper-income male teens surveyed ranked Stanley cups as their fifth-most fashion trend on the way out. Keith told Business Insider the survey's fashion trend question is open-ended, meaning that respondents are not prompted by a list of options. "They really kind of struck gold with these larger, thick cups, with the handle and a straw," Keith told BI.

Persons: Piper Sandler, Stanley, —, Piper Sander, Peter Keith, Alexia Morgan, Keith, doesn't, weren't, Piper Sandler's, Morgan, hasn't, Dominick Organizations: Service, CNBC, PMI

☆ Where you should look for a job if you can't break into consulting, according to a Harvard career advisor
▼ + stars: | 2024-10-12 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

A Harvard career advisor says there are other ways to jump-start your career beyond consulting. Related storiesThat's where dedicated early-career programs come in. AdvertisementNg said those are the exact kinds of perks that new grads can get at companies with early-career programs. Ng has compiled a list of more than 1,000 companies that have early-career programs. As for the tech companies with dedicated early-career programs, his list includes companies such as Nvidia, PayPal, Snap, Dropbox, Zoom, and Workday.

Persons: —, Gorick Ng, they're, Ng, he's, Z, Young, gunning, Grainger, He's, Goldman Sachs, Piper Sandler, it's, there's Organizations: Harvard, Service, Harvard University, Consulting, GE, Fifth Third Bank, Aon, CNBC, NBC Universal, Nvidia, PayPal, UBS, Deutsche Bank

☆ Why Roblox investors are shrugging off a blistering short-seller report
▼ + stars: | 2024-10-12 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Roblox stock closed at $41.60 on Friday, slightly above where it was earlier in the week when Hindenberg published its research. Related storiesIn the wake of the report, Wall Street and investors seemed to largely stick by the company. AdvertisementRoblox, which primarily makes its money from sales of online currency and items, has been working to grow its advertising business. The report could hinder Roblox's ad businessDespite Roblox's nearly immediate stock recovery and support from Wall Street, the report and related issues could have implications for Roblox's advertising business. Its ad business is barely a rounding error today, but Roblox is still not profitable, so it's trying hard to change that.

Persons: Hindenburg, —, Roblox, It's, Hindenberg, Piper Sandler, Ron Kerbs, Roblox's, Roblox isn't, Jeremy Goldman Organizations: SEC, Wall, Service, Hindenburg, Securities, Exchange, Wall Street, Wedbush Securities, WPP, New, Bloomberg Businessweek, Walmart, Warner Bros . Pictures, Facebook, YouTube Locations: Roblox

☆ Trump tariffs: Trade rep Lighthizer warns Wall Street to be prepared
▼ + stars: | 2024-10-12 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Asked about the note, Trump campaign press secretary Karoline Leavitt did not deny that Lighthizer has been meeting with investors. But she cautioned, "No policy should be deemed official unless it comes from President Trump directly." Lighthizer is advising Trump's presidential campaign on economic issues, according to Inside U.S. Trade. Lighthizer is also a director of Trump Media, the publicly traded social media company that is majority owned by the former president. Lighthizer's reported conversations, and his apparent influence with Trump, both underscore how central tariffs are to carrying out Trump's overall economic vision.

Persons: Robert Lighthizer, Donald Trump, Donald Trump's, Wall, Piper Sandler, We've, Trump, Karoline Leavitt, Lighthizer, Trump's, AFPI, Lighthizer's, Kamala Harris, Anna Kelly, Harris, Joe Biden, Kelly Organizations: Republican, Trade, CNBC, U.S, Trump Cabinet, Center for American Trade, Trump, America, Policy, Trump Media, Democratic, Republican National Locations: York , Pennsylvania, Washington

☆ There's new evidence Instagram's plan to win over teens is working
▼ + stars: | 2024-10-11 | by ( Sydney Bradley | Dan Whateley | ) www.businessinsider.com time to read: +4 min

Instagram is the most used app among US teens, a new Piper Sandler survey found. The analysts found that 87% of teens said they used Instagram at least once a month. AdvertisementTikTok was the second most used social app, with 79% saying they used it monthly compared to 74% a year ago. Snapchat came in third at 71% monthly usage, a decline from fall 2023 when 74% said they used the app monthly. Pinterest (41%), Twitter (30%), and Facebook (30%) rounded out the bottom in terms of monthly usage this fall.

Persons: Instagram, Piper Sandler, TikTok, Snapchat, —, Adam Mosseri, Harry Stebbing's 20VC, Piper Sandler's, Meta Organizations: Service, Piper, Twitter, Facebook, Meta, DMs, Snapchat, Big Tech

☆ Stocks making the biggest moves premarket: Delta Air Lines, CVS Health, Nike and more
▼ + stars: | 2024-10-10 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Delta Air Lines – Shares fell nearly 5% after the airliner provided disappointing fourth-quarter revenue guidance . Delta anticipates revenue will rise between 2% and 4% from a year earlier, less than the 4.1% estimate, per LSEG. CVS Health – Shares of the pharmacy chain added 1.9% on the back on an upgrade to overweight from equal weight by Barclays. Specifically, the investment firm noted that the brand's share of mentions as a favorite is about 35% more than its overall market share. PayPal – The payments company fell 1.7% after Bernstein downgraded the stock to market perform from outperform.

Persons: Serge Saxonov, there's, Piper Sandler, Tesla, Bernstein, —, Alex Harring, Jesse Pound, Sarah Min, Pia Singh, Michelle Fox Theobald Organizations: Delta Air Lines, CVS, Barclays, GXO Logistics, Bloomberg, Logistics, Nike –, RBC Capital Markets, American, Group, JPMorgan, PayPal Locations: Americas

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