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☆ TFI Stake in Trucker ArcBest Sparks Acquisition Speculation
▼ + stars: | 2023-02-22 | by ( Liz Young | Paul Berger | ) www.wsj.com time to read: +4 min

TFI in 2021 became one of the top carriers in the U.S. less-than-truckload sector when it bought United Parcel Service Inc.’s freight business for $800 million. TFI CEO and President Alain Bédard said on the Feb. 6 earnings call that TFI is looking for opportunities to work with ArcBest. TFI executives said they see ways to save money working together with ArcBest, analysts at Cowen wrote in a Feb. 14 note summarizing a meeting they had with TFI management. The Cowen analysts wrote TFI is well placed to take over ArcBest’s unionized workforce because it already works with the Teamsters union at TForce Freight. ArcBest shares are up about 14% since TFI disclosed its stake.

☆ Pressure Mounts on CIOs to Build More AI Apps (and Faster)
▼ + stars: | 2023-02-16 | by ( Isabelle Bousquette | ) www.wsj.com time to read: +5 min

Magesh Sarma, chief information and strategy officer for AmeriSave Mortgage Corp., said his team has been inundated with requests to build AI apps aimed at tackling various cost issues. But the AI team, which consists of 76 employees, has been one of the least affected because of its business value. Ms. Anderson has a system for evaluating the priority level of different possible machine-learning projects that come to her department via a request pipeline, she said. Photo: ERIC GAILLARD/REUTERSOne area she hasn’t been able to fully tackle is machine-learning algorithms to help with customer retention. “With AI, it’s an incremental sort of approach.”Adding to the pressure is the exploding popularity of ChatGPT and other generative AI applications.

☆ Here are Tuesday's biggest analyst calls: Apple, Coinbase, Walmart, Roku, Nvidia, Amazon & more
▼ + stars: | 2023-02-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Tuesday's biggest calls on Wall Street: KeyBanc reiterates Apple as overweight KeyBanc said Apple has "significant" growth potential. Evercore ISI downgrades XPO to in line from outperform Evercore said it sees an unfavorable risk/reward for the logistics company. Evercore ISI downgrades First Solar to in line from outperform Evercore said it sees a slowing solar market. Bank of America reiterates Burlington as buy Bank of America said the discount retailer is well positioned for a margin recovery. Bank of America reiterates Roku as underperform Bank of America said it's bearish heading into Roku earnings on Wednesday.

☆ Top 10 things the Club is watching in the stock market Monday: Stocks look mixed, dueling Disney notes
▼ + stars: | 2023-02-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Club holding Caterpillar (CAT) downgraded to neutral (hold) at Baird; price target cut to $230 per share from $290. Disney (DIS), a Club stock, price target is lowered to $130 per share from $145 at Citi; keeps a buy rating following last week's solid earnings and restructuring announcement. Merck (MRK) price target is increased to $125 per share from $120 at Credit Suisse. 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.

☆ Here are Monday's biggest analyst calls: Apple, Roblox, Disney, Meta, Zillow, Ralph Lauren & more
▼ + stars: | 2023-02-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Monday's biggest calls on Wall Street: Bank of America reiterates Meta as buy Bank of America said the "year of efficiency" for Meta is just starting. Bank of America upgrades Ralph Lauren to buy from neutral Bank of America said shares of Ralph Lauren should outperform in this environment. Bank of America upgrades Fastly to buy from underperform Bank of America said the cloud computing company is on the "road to recovery." Bank of America reiterates Roblox as buy Bank of America said it's bullish heading into Roblox earnings on Wednesday. Bank of America reiterates Starbucks as buy Bank of America said it sees a margin recovery for Starbucks shares.

☆ Stocks making the biggest moves midday: Zillow, Microsoft, Meta, Fidelity National and more
▼ + stars: | 2023-02-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Microsoft — The technology corporation's shares rose more than 3% on Monday, pushing its market cap over $2 trillion once again, after Morgan Stanley reiterated its overweight rating for the stock. Ralph Lauren — Shares of the apparel giant rose almost 4% after Bank of America upgraded the stock to buy from neutral. Meta — The Facebook parent's stock rose nearly 3% after the Financial Times reported it is planning another round of layoffs. Five Below — The discount retailer's stock rose 2.9% after Roth MKM upgraded it to buy from hold, noting it sees attractive growth ahead. Late last week, Reuters reported that Tesla must open its supercharging network to competitors in order to qualify for U.S. subsidies.

☆ Morgan Stanley downgrades XPO, says logistics company is a 'show me story' after latest quarter
▼ + stars: | 2023-02-13 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time for investors to move to the sidelines on XPO , according to Morgan Stanley. Analyst Ravi Shanker downgraded shares to equal weight from overweight following what he considered a lackluster quarter for the less-than-truckload (LTL) shipping company. While Shanker thinks XPO's valuation is still attractive against its peers, he cut his price target to $43 from $55. The new price target still implies shares can advance another 22% from Friday's closing price of $35.22. XPO shares rose more than 5% this year, after falling 27.6% in 2022.

☆ Here are Friday's biggest analyst calls: Tesla, Target, Micron, Walmart, Lyft, Affirm, Roku & more
▼ + stars: | 2023-02-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America downgrades Deutsche Bank to underperform from neutral Bank of America said it sees waning profitability for the European banking giant. Jefferies reiterates Walmart as buy Jefferies said it's standing by its buy rating on the stock heading into earnings later this month. Guggenheim reiterates Target as buy Guggenheim says it's standing by shares of the e-commerce giant heading into earnings later this month. Oppenheimer reiterates Roku as outperform Oppenheimer said it's standing by its outperform rating on shares of Roku. Bank of America initiates Freyr Battery as buy Bank of America said it sees an attractive risk/reward for the battery company. "

☆ A flurry of earnings reports, Fed rate hike, signs of a bull market
▼ + stars: | 2023-02-04 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Earnings season continues next week, with Club holdings Linde (LIN), Emerson Electric (EMR) and Walt Disney (DIS) all set to report. Similarly, shares of Meta Platforms (META) have surged over 20% since CEO Mark Zuckerberg reassured investors Wednesday evening that 2023 would be the technology giant's "year of efficiency." The bull case is further supported by continued signs inflation is easing, a still-robust job market and the breadth of market-buying activity since the start of the year. Lastly on Wednesday, the Fed's Federal Open Market Committee raised the federal funds rate by 25 basis points, in line with expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Earnings and Fed Chair Powell will again drive markets in the week ahead
▼ + stars: | 2023-02-03 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

With few economic releases and the earnings season starting to wind down, an appearance by Federal Reserve Chairman Jerome Powell Tuesday could be among the newsiest events for markets in the week ahead. The Fed chair is speaking at the Economic Club of Washington D.C. at midday Tuesday. If he wanted to walk back anything, he could have done it then," said Art Hogan, chief market strategist at B. Riley. Economists said Friday's surprisingly strong jobs report should encourage the Fed to push forward with planned rate hikes. Earnings, earnings, earnings But there continues to be earnings news.

☆ GXO releases preliminary earnings and long term financial targets ahead of first investor day
▼ + stars: | 2023-01-12 | by ( Frank Holland | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGXO releases preliminary earnings and long term financial targets ahead of first investor dayGXO expects to beat revenue estimates and report EBITDA with a top range above estimates in its first full year as a publicly traded company according to a preliminary earnings release from its first investor day. The pure play contract logistics stocks was created from a spinoff of XPO in August 2021. CEO Malcolm Wilson will share his vision and outlook with investors and analysts in New York City on Thursday that includes long term financial targets through fiscal year 2027.

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Netflix, Amazon, Salesforce, Levi's & more
▼ + stars: | 2023-01-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Bank of America downgrades Coinbase to underperform from neutral Bank of America said it sees too many headwinds for the crypto exchange. Goldman Sachs downgrades Jefferies to neutral from buy Goldman said it sees a "backlog decline" for the investment bank company. Bank of America upgrades Toll Brothers and Pulte Group to buy from neutral Bank of America upgraded several homebuilders, citing compelling valuations. "We upgrade PulteGroup to Buy (from Neutral), Toll Brothers to Buy (from Neutral), and Lennar to Neutral (from Underperform). Bank of America upgrades Dow to neutral from underperform Bank of America said it's taking a more "offensive" approach to the stock.

☆ State of Freight: XPO CEO on expectations for Lunar New Year, supply chain conditions and manufacturing trailers to meet demand
▼ + stars: | 2023-01-05 | 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 EmailState of Freight: XPO CEO on expectations for Lunar New Year, supply chain conditions and manufacturing trailers to meet demandXPO CEO Mario Harik says, "Supply chains today are operating much more efficiently than where they were a year ago." But the pureplay less-than-truckload company is facing other headwinds including softening demand and the need for trailers to move freight. Frank Holland talks with Harik about trucking rates, his expectations for Lunar New Year and when he expects to see a recovery in the freight markets.

☆ Bank of America downgrades logistics stock XPO, cites worsening outlook for smaller freight loads
▼ + stars: | 2023-01-03 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Analyst Ken Hoexter downgraded shares of XPO to neutral from buy, and lowered his price target, saying the logistics company will have to contend with a tougher outlook for less-than-truckload shipping. "We target XPO shipments/day to fall 3% year-year in 4Q22e and 2023e," Hoexter wrote. "LTL volumes are increasingly challenged, evident in ODFL and SAIA mid-quarter updates where daily tonnage for Oct/Nov was -9%/-7% and -8%/-9% year-year, respectively. FedEx also saw accelerating declines in LTL volumes (see F2Q23 Note) with shipments down 11% in Nov from -3% in June." The analyst roughly halved his price target, down to $35 from $60, implying shares have just 5% upside from Friday's closing price.

☆ Here are Tuesday's biggest analyst calls: Tesla, Apple, Wynn, Amazon, Wendy's, Delta & more
▼ + stars: | 2023-01-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

We are lowering our relative ratings on ALLY, COF and MTB from Overweight to Equal Weight and ZION from Equal Weight to Underweight." Wells Fargo upgrades Wynn to overweight from equal weight Wells said in its upgrade of the casino company that it sees a significant reopening opportunity for the stock. " Wells Fargo initiates Mondelez as overweight Wells said the food products company has "superior" fundamentals. Wells Fargo downgrades Molson Coors to equal weight from overweight Wells said in its downgrade of the stock that it sees downside to estimates. Baird names Wells Fargo a top 2023 pick Baird said it likes the risk/reward for the banking giant in 2023.

☆ Freight Brokerage RXO Will Focus on Tech Investments, CFO Says
▼ + stars: | 2022-12-13 | by ( Kristin Broughton | ) www.wsj.com time to read: +4 min

RXO, which before the transaction accounted for roughly a third of XPO’s total revenue, matches freight loads with available trucks on the spot and contract markets. A priority for Mr. Harris, who was appointed to the CFO post in September ahead of the spinoff, is investing in digital capabilities for shippers and carriers. Approximately two-thirds of the company’s total capital budget will go toward technology, with the remainder focused on maintenance-related costs, Mr. Harris said. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. Among the advantages of being an independent company is RXO now has more control over its capital budget, Mr. Harris said.

☆ Exclusive: Green logistics company GoBolt raises $55 million to build out a fleet of electric trucks
▼ + stars: | 2022-12-06 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

GoBolt raised a $55 million in funding, bringing its total capital raised to $162 million CAD. The company achieved a higher valuation compared to its Series B, despite the market "bloodbath". GoBolt seeks to build out its fleet of electric trucks and one day be "carbon negative". The 3rd party logistics company Second Closet hired had just called to say they weren't going to make it. The company raised the funds in Canadian dollars but the amounts have been converted to US dollars for this article.

☆ Analysis: Retailers turn to robots in cost inflation fight
▼ + stars: | 2022-12-01 | by ( James Davey | ) www.reuters.com time to read: +6 min

He estimates the retail industry is 40% automated, but sees that jumping to 60-65% over the next three to four years. The march of the robots can be seen in fashion stores and food shops globally as an industry that employs millions grapples with the cost of rising wages, energy and raw goods. While processes at online retailers are largely automated, vast parts of a traditional retailer's operations are still carried out manually, according to consultants at McKinsey. Looking at the fashion industry, McKinsey expects fashion companies to double investment in technology from 1.6% to 1.8% of their revenue in 2021 to between 3.0% and 3.5% by 2030. "Retailers are saying 'robots are the future,'" Michel Spruijt, Brain Corp's chief revenue officer, told Reuters, adding that the shift could "free up workers from tedious" tasks.

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Amazon, Blackstone, Carvana, Netflix & more
▼ + stars: | 2022-11-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Morgan Stanley adds Blackstone to the financials' finest list Morgan Stanley added the investment bank and private equity firm to its top pick list and said it sees a compelling entry point. Bank of America downgrades Carvana to neutral from buy Bank of America said it has "liquidity and cash burn concerns." "We are reinstating coverage of XPO with a Neutral rating following a period of restriction. Bank of America reiterates Amazon as buy Bank of America attended Amazon's AWS Re:Invent conference and said Amazon Web Services ecosystem "remains strong." Morgan Stanley reiterates Lowe's as overweight Morgan Stanley said the home improvement retailer is in a "strong fundamental position."

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☆ Apple will spend $450 million with Globalstar and others to enable emergency satellite texting
▼ + stars: | 2022-11-10 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple said Thursday it will spend $450 million with U.S. companies to enable its new emergency satellite texting feature. The majority of that money will go to Globalstar , Apple said, a Louisiana-based company that operates the satellites that make the feature possible. Apple isn't taking an equity stake in the company but it is committing to spend money for equipment and the service's operations. In September, Apple announced Emergency SOS with Satellite as a banner feature on new iPhone 14 models. Apple's payment to Globalstar will come from Apple's Advanced Manufacturing Fund, a pool of money the company uses to support U.S.-based suppliers.

☆ Final Trades: Honeywell, XPO Logistics, Seagen & more
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Honeywell, XPO Logistics, Seagen & moreThe "Halftime Report" traders give their top picks to watch for the second half.

☆ Stocks making the biggest moves in the premarket: Wynn Resorts, Petrobras, Hanesbrands and more
▼ + stars: | 2022-10-31 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Petrobras (PBR) – The Brazilian state-run oil company's shares slid 8.5% in premarket trading after Luiz Inácio Lula da Silva defeated Jair Bolsonaro in the Brazilian presidential election. Hanesbrands (HBI) – The apparel maker received a double-downgrade at Wells Fargo Securities, which cut the stock's rating to "underweight" from "overweight." Wells Fargo is concerned about the company's debt position, as well as business headwinds that it feels are largely out of management's control. Wells Fargo said the original downgrade came amid concerns about cord-cutting and the rising cost of sports rights, and that the situation has worsened since then. Keurig Dr Pepper (KDP) – The beverage maker's stock fell 1.8% in premarket trading after Truist Securities downgraded it to "sell" from "neutral."

☆ These stocks reporting earnings in the week ahead have a track record of beating expectations and trading higher
▼ + stars: | 2022-10-29 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Investors looking to play stocks around corporate earnings reports are generally looking for companies that have a solid track record of beating expectations and seeing shares rise on results. The stocks to watch Two notable companies are slated to report results early in the week. The company has a solid track record of beating earnings and sales expectations, which it's done 64% and 79% of the time, according to Bespoke. Generac , which will report the same day, beats earnings and sales expectations 88% and 85% of the time. The marketing software developer also has a 100% earnings expectations beat rate, according to Bespoke.

☆ The Fed could lay the groundwork for a year end rally in the week ahead
▼ + stars: | 2022-10-28 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.

☆ Stocks shrug off tech's troubles as the Street awaits key inflation data next week
▼ + stars: | 2022-10-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The major indexes all posted gains this week despite a Big Tech beatdown, proving the market can rally without its most valuable stocks. Indeed strength in other sectors — only communication services finished down — helped the overall market to shrug off disappointing earnings results from Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN) and Meta Platforms (META). Alphabet's results fell short of the Street's expectations, but still managed to grow revenue 6% annually off a $65 billion base. (Canada's central bank hiked rates less than expected this week, opting for a 50 basis point hike instead of the expected 75.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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