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☆ Stocks making the biggest moves midday: Goldman Sachs, Avis, Rivian, Nike and more
▼ + stars: | 2023-06-20 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading. Goldman Sachs — Shares declined 2.2% in midday trading. Avis — The car rental company surged more than 6%. Chevron , ExxonMobil — Energy giants Chevron and ExxonMobil slipped more than 2% each in midday trading. Dice Therapeutics — Shares surged 37% after Eli Lilly said it was acquiring the biopharmaceutical company for $2.4 billion.

Persons: Goldman Sachs, Avis —, Morgan Stanley, Avis, Jay Sole, Rivian, Eli Lilly, Alibaba, Daniel Zhang, Wells, Biden, —, Jesse Pound, Alex Harring, Michelle Fox Theobald Organizations: UBS, Bank of America, Chevron, ExxonMobil — Energy, ExxonMobil, U.S . West Texas, Nike —, Rivian, Ford, GM, Intel, Bloomberg, Wall, JPMorgan Chase Locations: China, Brent, U.S, Germany, Wells Fargo, New York City

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Amazon, Delta, Rivian, Disney & more
▼ + stars: | 2023-06-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Evercore ISI reiterates Apple as outperform Evercore said it's bullish on Apple's venture into augmented and virtual reality. " Morgan Stanley upgrades U.S. Foods to overweight from equal weight Morgan Stanley said in its upgrade of the stock that it sees "optionality." Morgan Stanley initiates Everest Re Group as overweight Morgan Stanley said it's bullish on shares of the insurer. Morgan Stanley initiates Arch Capital as overweight Morgan Stanley said the insurance company is "best positioned for secular growth opportunities." Morgan Stanley upgrades Avis Budget to overweight from equal weight Morgan Stanley said it likes the company's profitability potential.

Persons: Evercore, it's, it's bullish, Piper Sandler, Tesla, Piper, we've, Morgan Stanley, Baidu, Read, Philip Morris, Raymond James downgrades Palantir, Raymond James, Goldman Sachs, Goldman, Canaccord, Bud, Chipotle Organizations: Apple, Pro, Credit Suisse, Citi, Delta Citi, Bank of America, Inc, Foods, Everest, Arch, Avis, OW, Nvidia, Data Center, BMO, Securities, Disney, ESPN, Anheuser Busch InBev Locations: 1H23, 2Q23, China, combustibles, Hulu

☆ Stocks making the biggest premarket moves: Alibaba, Dice Therapeutics, Avis and more
▼ + stars: | 2023-06-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Atmus Filtration Technologies — Shares of the air filtration company rose more than 2% after a slew of analysts initiated coverage with bullish ratings, including JPMorgan. The bank said Atmus trades at a "deep discounted valuation vs. peers, despite >80% of aftermarket mix, while its planned expansion into industrial filtration should bridge the valuation gap vs. direct filtration peers over time." Avis Budget — Shares added 3.5% in light volume following an upgrade by Morgan Stanley to overweight from equal weight. Philip Morris International — Shares of the tobacco company rose 1.5% in premarket trading after Citi upgraded Philip Morris to buy from neutral. Carnival — Shares moved 1.5% higher in the premarket, building on gains made last week when it was the S&P 500's best performer.

Persons: Daniel Zhang, Eddie Wu, Alibaba's, Eli Lilly, Morgan Stanley, Adam Jonas, Jonas, Avis, Philip Morris, —, Jesse Pound Organizations: Alibaba, Holding, JPMorgan, Avis Budget, Citi, Warner Bros Discovery Locations: Beijing, China, —

☆ Morgan Stanley sees this budget car rental stock adding to its already strong gains for 2023
▼ + stars: | 2023-06-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Avis shouldn't be overlooked in the rental car space, according to Morgan Stanley. Analyst Adam Jonas upgraded the budget rental car company to overweight from equal rate and hiked his price target to $230 from $182. Jonas' new target implies the stock could rise 12.6% in the next year. "With the backdrop of normalization in the rental industry, we look for operational execution to preserve what could now be a higher floor for the industry," Jonas said in a note to clients Tuesday. But even in this environment, he said both companies should have a new floor given the structural changes seen in the rent industry, with Avis' floor being relatively higher.

Persons: Avis shouldn't, Morgan Stanley, Adam Jonas, Jonas, Avis, Hertz, — CNBC's Michael Bloom Organizations: Avis, Hertz Locations: Friday's

☆ Top 10 things to watch in the stock market Tuesday
▼ + stars: | 2023-06-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

It's a new week but the recent stock market rally makes for a not-so-great set up as Jim Cramer told the Investing Club Monday evening in his weekly column. Jim and "Mad Money" are in Detroit for all things Ford (F) with CEO Jim Farley, covering everything from Ford Blue to Ford Pro to Ford Model e (electric vehicles). Bank of America adds Club stock Amazon (AMZN) to its US 1 list. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Dow, Jim, Jim Farley, They'll, Elon Musk, Sartorius, Cowen, Eli Lilly, Raymond James, Morgan Stanley, Philip Morris, Jim Cramer's Organizations: Nasdaq, Ford, Ford Pro, Ford Model, Elon, Bank of America, Nvidia, Club, Dice Therapeutics, Avis Budget, Citi, Delta Air Lines, DAL, PayPal, Nike, Dow, Barclays, Jim Cramer's Charitable, CNBC Locations: Detroit

Compare the United Club Infinite and Quest United Club℠ Infinite CardUnited Quest℠ Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Rewards ratesFor those who spend a lot on paid United tickets, the United Club℠ Infinite Card has a better earning rate of 4x United miles on United purchases versus 3x miles on the United Quest℠ Card. United Quest and Club Infinite Benefits and FeaturesIf you're looking at the cards' welcome bonuses alone, the United Club℠ Infinite Card has an edge, with a welcome bonus higher than that of the United Quest℠ Card. United Club airport lounge accessAs the name suggests, the United Club℠ Infinite Card includes United Club membership, which gets you access to over 45 United Club airport lounge locations plus partner lounges and Star Alliance lounges. The United Club℠ Infinite Card does come with a handful of extras that give it a slight edge over the United Quest℠ Card, including:Better trip cancellation/interruption insurance: The United Club℠ Infinite Card covers up to $10,000 per person and $20,000 per trip; the United Quest℠ Card maxes out at a much lower $1,500 per person and $6,000 per trip.

Persons: cardholders, You'll, Cardholders Organizations: Quest United, ℠, United, United Quest, United Club, Reading Chevron, Star Alliance, United Cruises, DIRECTV, TSA, Free, The United, Premier Access, Avis President's Club, Quest, United Airlines, Access, Luxury, President's Club Locations: Chevron

☆ Here are Wednesday's biggest analyst calls: Apple, Nvidia, Chevron, Amazon, Avis, SeaWorld & more
▼ + stars: | 2023-05-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Needham initiates Sovos Brands as buy Citi said Sovos' Brands Rao's Tomato Sauce will be a $1 billion brand in the next three-to-four years. " Citi reiterates Anheuser-Busch InBev as buy Citi said investors should buy the dip in the beer giant. Deutsche Bank upgrades Avis to buy from hold Deutsche said the rental car company that it has upside potential. "In a tougher recession and sharp travel fall-off where revenue growth is cut in half, we estimate mid to high single digit EPS risk, implying an excellent risk/reward given valuation. Citi reiterates Nvidia as buy Citi said investors should "stay long" in shares of Nvidia.

Persons: Needham, Sovos, Michael Angelo's, Bernstein, Wedbush, it's, Goldman Sachs, Goldman, Bud, Baird, Mobileye, XYL, Wells, Key, AMBA, Mizuho, Piper Sandler, Piper Organizations: Brands, Citi, Amazon, Worldwide, Conference, SeaWorld, Anheuser, Busch InBev, Deutsche Bank, Avis, Deutsche, UBS, American Express, American, Palo Alto Networks, JPMorgan, Chevron, Service, Nvidia, TAM, Liberty, Microsoft Locations: US, Noosa, Cupertino, European, Wells Fargo, CrowdStrike, Zscaler, Palo, America, F2023E

Avis Budget has been "left behind, without cause," opening up a buying opportunity for investors, according to Deutsche Bank. Analyst Chris Woronka upgraded shares to buy from hold. He also raised his price target to $263 from $239, implying 61% upside potential from Tuesday's close. CAR YTD mountain CAR year to date "It is no secret that CAR's earnings have benefited from gains on the resale of its vehicles for some eight quarters now, or that the company's pricing metric ('RPD') remains some 36% ahead of comparable 2019 levels on a TTM basis. "Buy the laggard," Woronka added.

Persons: Chris Woronka, Woronka, Avis, — CNBC's Michael Bloom Organizations: Avis Budget, Deutsche Bank

☆ Stocks making the biggest moves midday: Intel, C3.ai, Advance Auto Parts, HP and more
▼ + stars: | 2023-05-31 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Ambarella — The chip stock fell 11.76%. Hewlett Packard Enterprise – Shares of the tech company slid 7.09% a day after the company posted a mixed quarterly report. HP – The stock fell 6.05%. Its adjusted earnings per share of 80 cents topped the 76 cents per share expected. Twilio – The tech stock rallied 11.09%.

Persons: David Zinsner, Ambarella, KeyBanc, Carvana, Twilio, KeyCorp, CNBC's Hakyung Kim, Jesse Pound, Brian Evans, Tanaya Macheel, Fred Imbert Organizations: Intel, Avis Budget, Deutsche Bank, Nvidia —, Nvidia, Hewlett Packard Enterprise, HP, Refinitiv, Micron Technology, Goldman Sachs Global Semiconductor Conference, Micron, Partners, Zions Bancorp, Citizens Financial Group, Truist Locations: China, –

But the 20% rebate on travel purchases (up to $200 back) easily makes this superior to the Chase Sapphire Reserve® offer. Meanwhile, those with a Chase Sapphire Reserve can book travel through the Chase Travel Portal at a rate of 1.5 cents each. Winner: Chase Sapphire Reserve®Consider statement credits and complimentary membershipsThe Chase Sapphire Reserve and Amex Green Card offer various credits that can effectively reduce the annual fee you pay to be a cardholder. The Chase Sapphire Reserve's $300 travel credit is much more versatile than the Amex Green card's annual statement credits, since it applies to virtually any travel purchase. The Chase Sapphire Reserve carries a $550 annual fee, while the Amex Green Card charges $150 per year.

Wyndham credit cards earn points you can use for free stays at resorts like the Wyndham Grand Clearwater Beach. But it's not just about value, because Wyndham Rewards includes upscale Wyndham Grand, Origin, and Dolce locations, and lifestyle brands like Tryp and Trademark Collection. The easiest way to earn Wyndham points is with the chain's co-branded Barclays Wyndham credit cards, and right now all three are offering elevated welcome bonuses for a limited time. You'll earn 50,000 bonus points after spending $3,000 in the first 90 days, and 25,000 bonus points after spending $10,000 within the first 12 months. Earn Wyndham points from Citi and Capital One cards insteadIt's worth noting that you don't have to open a Wyndham credit card to earn Wyndham points.

☆ Post-Covid, post-bankruptcy Hertz is all-in on electric, with big implications for the EV, auto and rideshare market
▼ + stars: | 2023-05-14 | by ( Tim Mullaney | ) www.cnbc.com time to read: +5 min

In this article HTZ Follow your favorite stocks CREATE FREE ACCOUNTTesla Model 3 electric vehicles at a Hertz neighborhood location. These deals began to roll out last year, after Hertz's first Teslas hit the road in 2021 and experiments with rental EVs extended back over the past decade. "At the end of [March], we had about 50,000 electric vehicles in our fleet, comprising approximately 10% of total cars," Scherr said. Hertz has also told analysts that the growing EV rideshare market can be a buffer against traditional quarterly peak to trough experienced in the leisure business. The benefits of using an EV begin with a $1 per ride credit to the driver for using an EV, Uber spokeswoman Alix Anfang said.

☆ Here are Friday's biggest analyst calls: Apple, Coinbase, Western Alliance, Playboy, SolarEdge & more
▼ + stars: | 2023-05-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said Apple is "delivering under pressure" after its earnings report on Thursday. Guggenheim upgrades Portillo's to buy from neutral Guggenheim said it sees multiple expansion for the restaurant chain. Goldman Sachs downgrades Atlassian to neutral from buy Goldman said the company's "cloud transition [is] likely taking longer than expected." UBS upgrades Shopify to neutral from sell UBS said in its upgrade of Shopify that it sees revenue upside. Jefferies initiates Playboy Group as buy Jefferies said it sees "significant upside" for the adult themed global media and lifestyle company.

Most casual travelers will do better with the Chase Sapphire Preferred, which comes with many of the same benefits as the pricier Sapphire Reserve. Chase; InsiderThe Chase Sapphire Preferred® Card is one of the most recommended travel rewards credit cards. Let's examine some reasons why you may want to go for the Chase Sapphire Preferred® Card instead of the Chase Sapphire Reserve®. What you need to know about choosing the Chase Sapphire Preferred over the Chase Sapphire ReserveRegardless of which card you choose, both offer class-leading value. Finally, don't forget to also check out our in-depth comparison of the Chase Sapphire Preferred and Chase Sapphire Reserve for a closer look at how the cards compare.

Compare the Chase Sapphire cards Chase Sapphire Preferred® CardChase Sapphire Reserve® Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Winner: Sapphire PreferredChase Sapphire Preferred vs Chase Sapphire Reserve Travel InsuranceUsing a credit card with travel insurance to pay for your trip can really save the day if things go wrong. But as you can see, the Chase Sapphire Reserve trounces the Sapphire Preferred in a few categories. Winner: Chase Sapphire ReserveChase Sapphire Preferred and Sapphire Reserve Annual FeesThe Sapphire Preferred charges a $95 annual fee. However, because likely fewer people are willing to make the initial $550 investment in the Chase Sapphire Reserve, we'll crown the Sapphire Preferred in this category.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

Compare the Chase Sapphire Reserve vs Amex Gold Chase Sapphire Reserve®American Express® Gold Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. With the Chase Sapphire Reserve, you'll earn Chase Ultimate Rewards® points, while with the Amex Gold Card you'll earn Amex Membership Rewards points. With that in mind, let's look at if the Amex Gold Card or the Chase Sapphire Reserve is best for you. Winner: Chase Sapphire ReserveAnnual FeeThe Chase Sapphire Reserve charges a $550 annual fee. But no matter which card you choose, both the Chase Sapphire Reserve and the Amex Gold Card offer hundreds of dollars in annual benefits.

The new Choice Privileges cards from Wells Fargo could be worth a spot in your wallet if you stay at Choice Hotels frequently. Wells Fargo has actually launched two new Choice credit cards: the $0-annual-fee Choice Privileges® Mastercard®, and the more premium Choice Privileges® Select Mastercard® with an annual fee of $95 (waived the first year). But if you don't stay with Choice Hotels often or put a high value on Choice points, you'll probably want to give these cards a skip. New Choice credit cards from Wells FargoBoth the Choice Privileges® Mastercard® and Choice Privileges® Select Mastercard® are offering elevated welcome bonuses for a limited time. Choice Privileges, the loyalty program of Choice Hotels, includes nearly 7,500 properties worldwide, so it's pretty easy to find the chain's hotels wherever you go.

☆ Lightning Round: 3M has too many litigation risks
▼ + stars: | 2023-03-31 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: 3M has too many litigation risksMad Money host Jim Cramer weighs in on all manner of stocks, including Avis, Verint, Microstrategy, Amphenol, 3M, Camping World, Medical Properties, Freyr, On Holding and Banco Bilboa.

☆ Travel demand is hot, but some prices may cool: These are the stocks for spring break and beyond
▼ + stars: | 2023-02-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

Last week, Hilton Worldwide CEO Chris Nassetta said, "The demand trends here and now are really strong." In the home-rental space, Airbnb also said it was seeing continued strong demand at the start of 2023. China's reopening from its Covid lockdown is also helping propel travel demand, as well as the tick up in business travel, she said. "The trends have been really strong since January," he said. Airlines like Delta, American Airlines and United Airlines cited strong travel demand and higher fares for fueling their strong fourth-quarter earnings — as well as for forecasts for this year.

☆ Stocks making the biggest moves midday: Palantir, Nvidia, Avis Budget and more
▼ + stars: | 2023-02-14 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading Tuesday:Palantir — The software company's stock price soared 13%. Avis Budget — Shares jumped 6.5% after Avis topped expectations in its latest quarterly report. Ecolab — Shares gained 5% after the chemicals company reported higher-than-expected earnings of $1.27 per share, excluding items, beating analysts' estimate of $1.25 per share, according to FactSet. Synopsys — The software company's stock price gained 3% during midday trading ahead of its scheduled earnings release on Wednesday. Arista Networks — Shares rose 2.4% during Tuesday's midday trading session after the company reported fourth-quarter earnings and revenue on Monday that beat Wall Street expectations.

☆ Stocks making the biggest moves after hours: Avis, Palantir, Cadence Design and more
▼ + stars: | 2023-02-13 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Avis — The car rental company gained 3.5% after beating both top- and bottom-line estimates from analysts polled by Refinitiv. Avis posted adjusted earnings per share of $10.46 on revenue of $2.77 billion, compared to analysts' estimates of $6.79 in per-share earnings on revenues of $2.69 billion. Amkor Technology — Shares of the semiconductor stock slid 5% after missing per-share earnings estimates while beating expectations for revenue, according to FactSet. Cadence Design — The software company gained 4% after beating both top- and bottom-line expectations of analysts polled by FactSet in the fourth quarter. SolarEdge — Shares of the solar stock gained less than 1% after beating earnings and per-share revenue estimates from analysts polled by FactSet.

☆ Are we on the brink of a corporate credit crisis?
▼ + stars: | 2023-02-13 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

Economists at S&P Global Ratings forecast that speculative-grade (perceived to have a lower level of credit quality compared to more highly rated, investment-grade, companies) corporate default rates in the US and Europe will double this year alone. So are we on the brink of a corporate credit crisis? Before the Bell spoke with Ruth Yang, managing director and global head of thought leadership at S&P Global Ratings to discuss what lies ahead for the corporate credit market. Before the Bell: What’s your big picture view of the credit economy right now? There will be slower growth with thinner margins and that’s going to change how people look at their investment opportunities.

☆ Morning Bid: Winging it
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +3 min

Ahead of the match, one statistic that blew this Englishman's mind was the sheer volume of chicken wings that were set to be consumed over Super Bowl weekend. In a report released earlier this month, the National Chicken Council said Americans were expected to chow down on 1.45 billion chicken wings, an increase of 2% from last year, or the equivalent of 84 million wings. Well, if you're looking for deflation, chicken wings are the place to find it. The report is expected to show consumer prices rose at an annual pace of 6.2% in January, down from 6.5% in December and well below June's four-decade peak of 9.1%. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Investors need to embrace these stocks that we love
▼ + stars: | 2023-02-12 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

I’ve typically done this stock picking feature in early to mid February as a Stocks We Love type of story, pegging it to Valentine’s Day. The restaurant stocks in particular could do well. Inflation is obviously still a concern for big consumer brands. Consumer prices rose 6.5% over the past 12 months through December, down from a 7.1% pace in November. Up nextMonday: Earnings from TreeHouse Foods (THS), Avis Budget (CAR), FirstEnergy (FE), IAC (IAC) and PalantirTuesday: US CPI; Japan GDP; UK employment report; earnings from Coca-Cola, Asahi Group, Marriott (MAR).

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