DIRS.INFO The most relevant business & tech news

☆ Here are Thursday's biggest analyst calls: Apple, Sunrun, Costco, Arm, Fox, Robinhood, Airbnb & more
▼ + stars: | 2024-05-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Goldman Sachs reiterates Sunrun as buy Goldman said it's sticking with its buy rating following earnings on Wednesday. " JPMorgan reiterates SolarEdge as overweight JPMorgan said it's sticking with its overweight rating following earnings on Wednesday. " Citi reiterates Airbnb as buy Citi said it's standing by its buy rating on shares of Airbnb following earnings on Wednesday. JPMorgan reiterates Instacart as overweight JPMorgan said it's sticking with its overweight rating on shares of Instacart following earnings on Wednesday. Bank of America reiterates Apple as buy Bank of America said it's sticking with its buy rating following data showing App Store strength.

Persons: Goldman Sachs, Sunrun, Goldman, JPMorgan, SEDG, Shopify, Redburn, Mizuho, Robinhood, Airbnb, Davidson downgrades TripAdvisor, Raymond James, Fox, Cantor Fitzgerald, Cantor, EVGO, it's, Wolfe, Skyworks, SWKS, we're Organizations: JPMorgan, Bloomberg, Holdings, Deutsche Bank, Emerson, Deutsche, Citi, Bank of America, Fox, of America, Solutions, Barclays, UBS, Costco, Apple Locations: EBITDA

☆ David Zervos: Blame traders living in rate cut la-la land — not the Fed — for recent market turbulence
▼ + stars: | 2024-05-08 | by ( David Zervos | Jefferies Chief Market Strategist | ) www.cnbc.com time to read: +3 min

This year the rate markets have come back to a more sensible reality after flirting with the la-la land of 7 cuts. And all the while, the more sensible equity markets have paid only fleeting attention to their rate brother's whining. As a guy who was brought up in the fixed income and currency markets, I'm increasingly finding more sensibility in the equity markets as I head into later stages of my career. Having five-year inflation expectations (as measured by the 5-year breakeven inflation rate) never ramp higher while cumulative inflation surged around 20% since January 2021 is a testament to his stalwart success. There have been no fumbles at the Fed so far during a protracted fight to ensure anchored inflation expectations and long term price stability.

Persons: Consensonomics, Jerome Powell's, Jay, Janet Yellen's, Janet, Stanley Druckenmiller, I'm, David Zervos Organizations: Equity

(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. A closely watched electric vehicle maker and a cloud software company were among the talked stocks by analysts on Tuesday. "We move to Sell given the increased lack of visibility around an inflection in the aforementioned trends," said analyst Kash Rangan. – Samantha Subin 6:19 a.m.: Wall Street reacts to Reddit's first earnings print as a public company Reddit's first earnings report since hitting the public markets in March is garnering some mixed responses from Wall Street analysts. "Its limited production and commercial history leaves much to be seen," he wrote "Rivian must prove it can acquire the customer base, while maintaining low advertising costs."

Persons: there's, Baird, Goldman Sachs, Kash Rangan, Rangan, – Samantha Subin, Mark Shmulik, Reddit, Doug Anmuth, Bank of America's Justin Post, Citi's Ronald Josey, Samantha Subin, Mark Delaney, Rivian, Dan Levy, RIVN, Wells Fargo's Colin Langan, Langan, Datadog Baird, Amit Agarwal, Will Power, DDOG, Power, Fred Imbert Organizations: CNBC, ZoomInfo Technologies, Wall Street, Google, Bank of America's, Barclays, Datadog, Cisco Locations: Rivian, Datadog

☆ What we're looking for when Disney posts quarterly earnings on Tuesday morning
▼ + stars: | 2024-05-06 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. 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. 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, Howard Schultz, Howard, Jim, Walt, Jim Cramer's Organizations: CNBC, Dow, Nasdaq, Federal, Starbucks, Management, Walt Disney, Deutsche Bank, Loop Capital, Disney

☆ Disney reports earnings before the bell Tuesday. Here's what Wall Street is watching
▼ + stars: | 2024-05-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Walt Disney puts its top-tier media dominance to the test when it reports results before the bell Tuesday. Wells Fargo's Steven Cahall upped his price target to $141 a share, suggesting upside of 24%. StreetAccount estimates call for 229.35 million subscribers across the business unit and nearly 155 million Disney+ subscribers. At its last earnings call in February, Disney said it expects between 5.5 million to 6 million added subscribers in the second quarter. He forecasts an additional 4 million subscribers each year.

Persons: Walt Disney, Nelson Peltz, Jessica Reif Ehrlich, David Karnovsky, Wells Fargo's Steven Cahall, Deutsche Bank's Bryan Kraft, Disney, Vijay Jayant, America's Ehrlich Organizations: Trian Partners, LSEG, Walt Disney, Bank of America, JPMorgan, Disney, Deutsche, DTC, Netflix, Bank Locations: F1Q

☆ Wolfe Research says to play enduring inflation through energy stocks — these 2 in particular
▼ + stars: | 2024-04-29 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Investors should look to energy stocks as stubborn inflation weighs on the stock market amid growing anxiety over whether the Federal Reserve will cut interest rates at all this year, according to Wolfe Research. "This inability to adequately tame inflation of course coincides with the reacceleration of Oil and Energy stocks over the past few months," analysts Rob Ginsberg and Read Harvey told clients in a Monday note. The Wolfe analysts said investors should take advantage of any near-term overbought consolidations and make a play for the stock to rise back into the mid $40s. Crude oil and the 10-year breakeven inflation rate, meanwhile, are both on the upswing from multiyear bases, according to the Wolfe analysts. "Needless to say, we want to keep playing Oil and Energy stocks to the upside over near – mid term, which should in turn put continued upward pressure on inflation," the Wolfe analysts said.

Persons: Rob Ginsberg, Read Harvey, Ginsberg, Harvey, Halliburton, EQT, Wolfe, CNBC's Michael Bloom Organizations: Federal Reserve, Wolfe Research, Oil, Energy, Halliburton, EQT Corporation, HAL, Securities Locations: –

☆ China's Xiaomi is selling more EVs than expected, raising hopes it can break even sooner
▼ + stars: | 2024-04-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

The Xiaomi SU7 on display at the Mobile World Congress 2024. Arjun Kharpal | CNBCBEIJING — Chinese smartphone company Xiaomi 's new electric vehicle is selling better than expected, putting it closer to break-even despite undercutting Tesla 's Model 3 on price. For context, Tesla China sold more than 600,000 cars last year, according to the China Passenger Car Association. Li Auto had a gross margin of 23.5% in the fourth quarter last year, while Nio's gross margin was 7.5%, both up from the year-ago period. Tesla's gross margin has successively declined over the past five quarters to 17.4% in the first three months of this year.

Persons: Arjun Kharpal, undercutting Tesla, Xiaomi, Lei Jun, Li Auto, Nio, Lei Organizations: Mobile, CNBC BEIJING, Citi, China Passenger Car Association, Li, CNBC Locations: Beijing, China

☆ Freetrade, Britain's answer to Robinhood, posted its first quarterly profit
▼ + stars: | 2024-04-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Freetrade reported adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of £100,000 ($124,863) in the first quarter of 2024, according to unaudited financial statements shared with CNBC. Freetrade still generated a loss of £8.3 million in 2023, down from the £28.8 million loss it racked up the year before. "We defied difficult market conditions and delivered healthy growth in 2023 while dramatically reducing losses" in 2022, said Adam Dodds, CEO and founder of Freetrade. Net inflows totalled £130 million in the first quarter, too, as retail investor activity grew in response to resurgent markets last year. Equity markets saw serious drops in 2022 as a result of macroeconomic uncertainty and higher interest rates stoked by Russia's full-fledged invasion of Ukraine, which triggered a risk-off trade around the world.

Persons: Rafael Henrique, Freetrade, Adam Dodds, who've, Dodds, we've, Russia's Organizations: Getty, CNBC, Freetrade, Equity Locations: Ukraine

☆ Surging immigration will boost the US labor force and send GDP higher, Goldman says
▼ + stars: | 2024-03-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

"Elevated immigration has boosted labor force growth and, by extension, potential GDP growth," Goldman Sachs said. The bank boosted its 2024 GDP forecast in a note on Sunday, arguing that a jump in labor force growth via elevated immigration will drive the US economy higher. "Elevated immigration has boosted labor force growth and, by extension, potential GDP growth," Goldman Sachs said. Advertisement"We expect immigration to be about 1mn higher than usual this year, implying breakeven job growth of around 125k and a 0.3pp boost to potential GDP growth in 2024 from faster labor force growth," Walker said. Advertisement"Our estimates imply that above-trend immigration will boost potential GDP growth by 0.3pp in 2024.

Persons: Goldman Sachs, —, Ronnie Walker, Walker Organizations: Service Locations: America

Piper Sandler raised its rating on Rivian to overweight, noting the stock can rally 96% from here. Baird's $1,050 price target implies that Nvidia stock could still rally another 19%, adding onto its eye-watering 78% gain so far this year. After soaring more than 200% last year, Nvidia shares have surged another 77% in 2024. "Make no mistake: buying RIVN is risky and a botched midyear re-tooling effort could yet surprise investors negatively," Potter wrote. Snowflake shares have struggled this year, losing 20%, in part due to Frank Slootman stepping down his CEO role.

Persons: Piper Sandler, Guggenheim, Baird, Trista Gerra, Blackwell, Gerra, Lisa Kailai Han, Alexander Potter, Tesla, Rivian hasn't, Potter, Rivian, John DiFucci, DiFucci, Snowflake, Frank Slootman, Fred Imbert Organizations: CNBC, Nvidia, GTC, Guggenheim Locations: Rivian

☆ Undocumented immigrants are boosting the labor market and helping the US avoid recession, experts say
▼ + stars: | 2024-03-12 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

Undocumented immigration has boosted the labor market, helping steer the US away from a recession, some experts say. Morgan Stanley's chief US economist has also recently cited undocumented immigration as a positive labor-market force. AdvertisementHere's a question that's been lurking beneath the stellar economic resilience in the US: how has the labor market stayed so strong? "It has boosted the labor force, it has boosted supply for labor, it has boosted job gains. AdvertisementThe labor market has recorded gains stronger than that, posting an addition of 275,000 jobs in February.

Persons: Morgan Stanley's, —, Wendy Edelberg, Tara Watson, Watson, Ellen Zentner, Zentner Organizations: Brookings Institution, Service, Congressional, Office, Bureau of Labor Statistics, Bloomberg, Brookings

☆ Amazon's secret war on Android: The company has a plan to cure Alexa's addiction to Google's operating system.
▼ + stars: | 2024-03-06 | by ( Eugene Kim | ) www.businessinsider.com time to read: +8 min

Amazon's Alexa division is cutting costs across the board, having laid off thousands of employees and reshuffled projects over the past 18 months. Vega is a "new portable operating system for consumer electronics developed by Amazon," the document explained. Tech newsletter Lowpass previously reported on some parts of the new Vega OS. Feature parity gapThe feature parity gap between Amazon's own Alexa devices and third-party voice-assistants using Alexa has long been a problem, both internally and externally, according to the people familiar. Not off Android entirelyWith the new Vega OS, Amazon is reducing its reliance on the Android-based Fire OS.

Persons: Panos Panay, Andy Jassy, Jeff Bezos, Vega, Dave Limp, Alexa, It's Organizations: Alexa, Business, Software, BI, Amazon, Amazon's, Tech, Google, Blue, Washington Post, Vega

☆ How Ford can challenge a powerful Chinese EV maker's potential entrance in the U.S.
▼ + stars: | 2024-02-27 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

Forget Tesla , the real competition in electric vehicles is low-cost Chinese automakers. Farley wants to be prepared even if the U.S. government were to step in to curtail Chinese automakers' access. Outlook Ford investors shouldn't be concerned in the short term since Chinese EV competitors won't enter the market overnight. To that end, a group of lawmakers has urged the White House to boost tariffs on Chinese vehicles and figure out a way to be "prepared to address the coming wave" of Chinese vehicles by way of U.S. other trading partners. The cost of production will become more efficient, resulting in a more competitive and hopefully profitable Ford EV product.

Persons: Forget Tesla, Jim Farley, BYD, Ford, Farley, —, Warren, Berkshire Hathaway, Morgan Stanley, I've, Tom Narayan, Stellantis, Narayan, Tesla, Jim Cramer, Jim, It's, RBC's Narayan, Ford's Farley, Wolfe, Jeff Windau, Edward Jones, shouldn't, Biden, Windau, doesn't bode, Jim Cramer's, Charly Triballeau Organizations: Nikkei, Wolfe Research, Ford, RBC Capital Markets, U.S, EV, Detroit, General Motors, Chrysler, Ford Blue, Ford Pro, Ford Model, CNBC, ICE, Ferrari, North, Outlook, Bloomberg, Ford EV, American EV, AFP, Getty Locations: U.S, Mexico, China, Europe, Indonesia, Hungary, Thailand, Inwood , New York

☆ Rakuten CEO: Hope to be EBITDA breakeven with mobile business this year
▼ + stars: | 2024-02-27 | 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 EmailRakuten CEO: Hope to be EBITDA breakeven with mobile business this yearMickey Mikitani, the CEO of Rakuten, speaks to CNBC's Arjun Kharpal at Mobile World Congress in Barcelona.

Persons: Hope, Mickey Mikitani, CNBC's Arjun Kharpal Organizations: Rakuten, Mobile Locations: Barcelona

☆ Friday's reach for another stock market record comes with a new, welcome wrinkle
▼ + stars: | 2024-02-16 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Remember, Jim Cramer kicked Tesla out and renamed the group of mega-cap market leaders the Significant Six. Mark your calendars: On Saturday, February 24, we'll be hosting our 2nd Annual Meeting for members of the CNBC Investing Club with Jim Cramer. 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 . 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, It's, Tesla, Wells Fargo, Eli Lilly, Foot, Danaher, we'll, Jim Cramer's, Jim Organizations: CNBC, Microsoft, Nvidia, Tesla, Club, GE Healthcare, UBS, HSBC, General, Linde, Disney, Apple, Alto Networks, Bausch Health, Coterra Energy, Walmart, Home, Jim Cramer's Charitable Locations: We're, Friday's, GEHC

☆ 2 takeaways from Ford CEO Jim Farley that boost our confidence in the automaker's stock
▼ + stars: | 2024-02-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Ford CEO Jim Farley discussed a range of topics Thursday from hybrid and electric vehicles to how the automaker is dealing with international competitors. Ford Pro "If you're looking for the future of the automotive industry stop looking at FDS [full self-driving] and Tesla , look at Ford Pro," Farley said. The transformation of Pro, Farley said, has been a notable success for the company. "We always had a super successful Pro business … but there was no focus on it." Despite the success of Pro, Ford continues to lose money in its Model e business, which hosts its fleet of electric vehicles.

Persons: Jim Farley, Farley, Ford, Li Auto, Warren Buffett's Berkshire, BYD, Jim Cramer's, Jim Cramer, Jim Organizations: Wolfe Research, Club, Ford, Ford Pro, Warren Buffett's Berkshire Hathaway, CNBC Locations: U.S, Europe, EVs, China, Warren Buffett's, Berkshire, breakeven

☆ Delivery Hero CEO happy to keep Asia unit Foodpanda 'forever' after stock plunged on sale outlook
▼ + stars: | 2024-02-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Delivery Hero shares surged 11% Wednesday afternoon in European trading, extending gains from earlier in the day. Delivery Hero, one of Europe's largest food delivery apps, has faced recent pressure from investors over its ability to make a solid return on businesses it's wholly or partly acquired. Now, Delivery Hero is attempting to claw back from the brutal share price plunge, which brought the company's stock to its lowest level since 2022. That came after Delivery Hero announced a deal to divest its entire stake in the British food delivery company Deliveroo. Delivery Hero at the time denied the report and pushed back on speculation that a collapse in talks was imminent.

Persons: Niklas Ostberg, Foodpanda, Ostberg, breakeven Organizations: New Straits Times, CNBC, Foodpanda, Shareholders Locations: Southeast Asia, Deliveroo

☆ Carl Icahn buys a huge stake in JetBlue at bargain prices
▼ + stars: | 2024-02-13 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

Icahn paid an average of $3.56 a share for his 33.6 million shares of the stock, according to the filing. Shares of JetBlue closed Monday at $6.07 a share before leaping to nearly $7 a share in morning trading. His purchases started on January 26, a week after a federal court blocked JetBlue’s proposed purchase of Spirit Airlines. Analysts had suggested that JetBlue was only interested in pursuing the deal, assuming it was allowed by the court, at a significantly lower price. JetBlue had been interested in buying Spirit as a way of getting both the aircraft and pilots it needs to expand.

Persons: Carl Icahn, Icahn, ”, JetBlue’s Organizations: New, New York CNN, JetBlue, Spirit Airlines, Analysts, Spirit, Frontier Airlines, — American Airlines, United, US Justice Department Locations: New York, breakeven, Delta

☆ This startup wants to find cancer faster with AI-powered full-body scans. See the 22-slide pitch deck that got Ezra $21 million.
▼ + stars: | 2024-02-08 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Read previewLast August, Kim Kardashian posted on Instagram that she'd gotten a full-body MRI scan from the startup Prenuvo, which sparked a national conversation about the merits of preventive imaging. With Kardashian's help, the scans were finally making headlines — and healthtech startup Ezra felt their impact. "The day that Kim Kardashian got a scan, even though it wasn't an Ezra scan, our day-over-day revenue spiked," Ezra CEO and cofounder Emi Gal told Business Insider. Those tailwinds have propelled growth for Ezra, which partners with radiology clinics to perform full-body MRI scans. And, with Ezra's scans, that startup has "helped hundreds of people find cancer," he added.

Persons: —, Kim Kardashian, she'd, Ezra, Emi Gal, Amir Dan Rubin, Anne Wojcicki, Vlad Tenev, David Prior, Esther Dyson, — Gal, Ezra Flash, radiologists, Gal, We've Organizations: Service, Business, VC, FirstMark, Firms, Allianz Life Ventures, Mana Ventures, Ventures, Seedcamp, LDV Locations: Gaingels, Republic

☆ As tech stocks slide, there's another giant that looks overextended. How to profit from the pullback
▼ + stars: | 2024-01-31 | by ( Tony Zhang | ) www.cnbc.com time to read: +4 min

On Wednesday, we started to see a little bit of the air taken out of today's bubble. We'll present a trade that wins if one of today's leading tech giants can't quite live up to the bubble hype. While almost all of today's tech and semiconductor companies generate significant revenue and profits — unlike the shells of the dot-com boom — the tech sector's performance has many parallels to the late 90's. Amazon looks stretched Looking at the short run, earnings for Amazon (AMZN) are on deck after the close on Thursday and at risk of a pullback with the rest of tech. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: it's, I'm Organizations: Microsoft, AMD, UPS

☆ JetBlue swings to a loss, forecasts lower capacity in 2024
▼ + stars: | 2024-01-30 | by ( Leslie Josephs | ) www.cnbc.com time to read: 1 min

JetBlue planes at JFK's Terminal 5 in New York. JetBlue Airways swung to a loss in the fourth quarter and forecast lower capacity this year as it scrambles to return to profitability. The New York-based airline reported a net loss of $104 million in the last three months of 2023, compared with a $24 million profit a year earlier. On a per share basis, JetBlue lost 31 cents during the fourth quarter, compared with a 7-cent profit during the year-earlier period. JetBlue said it expects 2024 capacity to be down in the low single digits and that its adjusted margins could approach breakeven.

Organizations: JetBlue, JetBlue Airways Locations: New York

☆ A lower-cost way to get long this 'Magnificent 7' member trading at an all-time high
▼ + stars: | 2024-01-29 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

The five reporting this week — Microsoft, Apple, Alphabet, Amazon, and Meta — represent more than 23% of the index by market capitalization. But let's focus on Microsoft (MSFT) . Breaking down MSFT fundamentals Microsoft is one of the most important technology companies in the world. Over the past five years, Microsoft's price-to-earnings ratio has been as low as 25.8 and as high as 41. Some are anticipating organic sales growth of 15%, double the 7.5% average the company experienced over the past 4 quarters.

Persons: OpenAI, Sam Altman, Satya Nadella Organizations: Microsoft, Apple, Meta, Saudi Arabian Oil Company, Windows, Activision Blizzard

☆ Earnings season is like 'March Madness' for options traders. Here are some basic strategies
▼ + stars: | 2024-01-29 | by ( Zev Fima | ) www.cnbc.com time to read: +22 min

Say the premium is $2 on that $195 strike heading into earnings and I am sitting on 100 shares (remember every options contract represents 100 shares). If, however, shares hit the $195 strike, then I am, as the seller of that option contract, obligated to sell my shares at $195. To implement this strategy, you would sell a put at a higher strike price and then purchase another put as insurance at a lower strike price. In this case, we would be laying out $2 (paying $3 to buy the $195 strike and collecting $1 by selling the $190 strike). There are two high-level factors that determine an options price, intrinsic value and time value.

Persons: Jim Cramer's, It's, we'll, you'll, I've, it's, they're, we're, we've, We've, Jim Cramer, Steve Jobs, Tim Cook, Vega, Jim, Spencer Platt Organizations: CNBC, Jim Cramer's Charitable Trust, Club, Nvidia, New York Stock Exchange, Getty Locations: Delta, New York City

☆ This underwater China EV stock is primed for a 'significant rally,' according to options trader
▼ + stars: | 2024-01-24 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

With the Chinese equity markets lagging further behind, China has now launched fiscal and monetary policy to stabilize it. This provides an opportunity for a significant bounce in an oversold and undervalued stock. These types of chart setups can potentially lead to a significant rally over a short period of time. With an outlook that is head and shoulders above its competition, XPEV trades at a relative discount and presents significant upside. The trade When we consider the macro environment in China and the significantly oversold and undervalued stock of XPEV, my preference is to add long exposure with a simple call option.

Persons: XPEV Locations: China, Europe

☆ Surging U.S. oil production may set a record in 2024, shielding consumers from Mideast war and pressuring OPEC
▼ + stars: | 2024-01-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

Supply is forecast to grow by 1.5 million barrels per day to a new high of 103.5 million barrels per day, according to the IEA. Demand will grow by 1.2 million barrels daily, down from 2.3 million in 2023, with the post-pandemic recovery over and major economies set to slow. WTI and Brent closed out 2023 down more than 10% and OPEC+ production cuts have so far failed to lift prices. Goldman Sachs, for example, says oil prices could double if there is a prolonged disruption to shipments through the Strait of Hormuz. 'Golden era' Stronger U.S. oil production in 2023 surprised even oil industry CEOs such as Chevron's Wirth and Occidental's Vicki Hollub, they told CNBC in recent interviews.

Persons: Michael Wirth, Wirth, CNBC's Brian Sullivan, Goldman Sachs, Walt Chancellor, Daniel Yergin, Brent, Adi Imsirovic, Imsirovic, Yergin, Bob Yawger, Yawger, Matt Smith, Smith, Chevron's Wirth, Occidental's Vicki Hollub, I'm, Macquarie, Chancellor, Hollub, — Organizations: P, Energy Information Agency, Chevron, P Global, CNBC, Economic, West Texas, Center for Strategic, International Studies, OPEC, Bank of America, Oil, International Energy Agency, IEA, Brent, Mizuho, Gulf, Americas, Western Hemisphere Locations: East, U.S, Macquarie, Davos, Switzerland, Canada, United States, United Kingdom, OPEC, Brazil, Guyana, Americas, Europe, Red, Kpler, Iran, Hormuz

Search resuls for: "breakeven"

25 mentions found