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In a report published Monday, the London-based Environmental Investigation Agency urged global investors in the three firms - Beijing Tong Ren Tang group (600085.SS), Tianjin Pharmaceutical group (600329.SS) and Jilin Aodong Pharmaceutical Group (000623.SZ) - to divest their stakes. The group said it focused on the pharmaceutical companies because they are publicly listed, and display products that include leopard or pangolin parts on their websites. Beijing Tong Ren Tang and Tianjin Pharmaceutical group did not respond to several emails and calls from Reuters asking for comment. Jilin Aodong Pharmaceutical Group could not be reached for comment. The environmental group said Deutsche Bank, HSBC Holdings, Citigroup and BlackRock did not respond to its queries.

Persons: pangolin, Seun, Beijing Tong Ren Tang, Avinash Basker, Wells, China's, Andrew Silver, Selena Li, Miyoung Kim Organizations: REUTERS, Rights, UBS, HSBC, Environmental Investigation Agency, Tianjin Pharmaceutical, Jilin Aodong Pharmaceutical, TCM, Deutsche Bank, HSBC Holdings, Citigroup, BlackRock, & Co, HSBC Global Asset Management Canada, Royal Bank of Canada, Citigroup ， Deutsche Bank, Reuters, Medical Products Administration, Protection, Thomson Locations: Lagos, Nigeria, Rights SHANGHAI, HONG KONG, London, Beijing, Tianjin, Jilin, Shanghai, Hong Kong

☆ US judge approves Deutsche Bank $75 million settlement with Epstein accusers
▼ + stars: | 2023-10-20 | by ( Luc Cohen | ) www.reuters.com time to read: +2 min

NEW YORK (Reuters) -Deutsche Bank on Friday won final approval from a U.S. judge for a $75 million settlement it reached with victims of Jeffrey Epstein who had accused the German company of facilitating the late financier’s alleged sex trafficking. FILE PHOTO: The logo of Deutsche bank is seen in Hong Kong, China July 8, 2019. Epstein had been a Deutsche Bank client from 2013 to 2018, after being a JPMorgan Chase client for 15 years. Deutsche Bank has said it made an error in taking on Epstein as a client. Rakoff granted preliminary approval to New York-based financial services company JPMorgan’s $290 million settlement over similar claims in June.

Persons: Jeffrey Epstein, Tyrone Siu, Jed Rakoff, ” Rakoff, Epstein, Jane Doe, David Boies, Rakoff Organizations: YORK, Deutsche Bank, Friday, Deutsche, REUTERS, U.S, JPMorgan Chase, JPMorgan, U.S . Virgin Locations: U.S, Hong Kong, China, Manhattan, York, New York

☆ Deutsche Bank downgrades three solar stocks as industry demand weakens in the U.S. and Europe
▼ + stars: | 2023-10-20 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Softening demand means that investors should consider pivoting away from solar stocks, according to Deutsche Bank. The firm downgraded three solar names to hold from buy: SolarEdge , Sunrun and Sunnova . Deutsche lowered the price target for SolarEdge to $150 — implying a 32% potential upside from the stock's closing price Thursday — from $300. Those comments, along with SolarEdge cutting its third-quarter revenue guidance, put pressure on the broader solar sector. Earnings season for the solar industry kicks off with Sunnova reporting results on Oct. 25.

Persons: Deutsche, Sunnova, SolarEdge, Sunrun, Corinne Blanchard, whittle, Blanchard, there's, — CNBC's Michael Bloom Organizations: Deutsche Bank, NOVA, Bloomberg Locations: U.S, Northeastern U.S, Southern, China

☆ Turbine troubles have sent wind energy stocks tumbling — and a slew of issues remain
▼ + stars: | 2023-10-20 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

A Siemens Gamesa blade factory on the banks of the River Humber in Hull, England on October 11, 2021. Siemens Energy made the headlines earlier this year when it scrapped its profit forecast and warned that costly failures at wind turbine subsidiary Siemens Gamesa could drag on for years. It sparked concerns about wider problems across the industry and thrust Europe's wind energy giants' earnings into the spotlight. Read more:Deutsche had previously highlighted challenges in the wind turbine industry including supplier delays, lower tax credits and rising rates. Reliability issues Those surveyed by ONYX also expressed reliability concerns, with 69% expecting more reliability issues due to aging assets and 56% seeing problems associated with new turbine technology.

Persons: PAUL ELLIS, Kepler Cheuvreux, Morgan Stanley, Morgan, Ben Uglow, Ørsted, Read, —, Ashley Crowther, Crowther Organizations: Siemens, AFP, Getty, Siemens Energy, Grid Technologies, Siemens Gamesa, Gas, Grid, Deutsche Bank, Deutsche, Vestas, ONYX Locations: Hull , England, Ukraine

☆ Stocks making the biggest premarket moves: SolarEdge, Intuitive Surgical, Knight-Swift and more
▼ + stars: | 2023-10-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading: SolarEdge Technologies — The solar stock tumbled nearly 29% after the company lowered its third-quarter guidance post market Thursday. Revenue came in at $1.74 billion, versus the $1.77 billion expected from analysts polled by LSEG. Net interest also fell short at $1.29 billion, versus the $1.32 billion expected. Analysts surveyed by LSEG expected 36 cents per share and $1.89 billion of revenue. Analysts polled by LSEG expected a profit of $2.94 per share on revenue of $15.36 billion.

Persons: SolarEdge, Zvi Lando, Sunnova, Swift, LSEG, David Jackson, —, Jesse Pound Organizations: Technologies, Deutsche Bank, Enphase Energy, Schlumberger, Revenue, LSEG, StreetAccount, American Express Locations: SolarEdge

☆ Here are Friday's biggest analyst calls: Nvida, Amazon, SolarEdge, Sunrun, IBM, Crocs, Meta, Disney & more
▼ + stars: | 2023-10-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Meta as buy Bank of America said it's bullish heading into earnings next week. UBS upgrades Merck to buy from neutral UBS said Merck has an "undemanding" valuation and robust pipeline. UBS reiterates Ralph Lauren as buy UBS said the stock is best positioned for AI. UBS reiterates McDonald's as buy UBS said the stock remains attractively valued. Bank of America reiterates IBM as buy Bank of America said it's standing by its buy rating heading into earnings next week.

Persons: JPMorgan, Jefferies, Goldman Sachs, Goldman, it's, Merck, Stephens, Ralph Lauren, McDonald's, Cognizant, TSMC, Deutsch, Redburn, Raymond James Organizations: JPMorgan, Nvidia, Disney, Bank of America, Meta, UBS, Merck, Deutsche Bank, Union Pacific, Deutsche, IBM, Citi, Taiwan Semiconductor, Management, Deutsche Bank downgrades, Microsoft, Brands, Mattel, Disney Princess, of America Locations: China

☆ Quash my subpoena, Ivanka Trump tells NY judge, in asking not to testify against her father.
▼ + stars: | 2023-10-20 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

Ivanka Trump has been subpoenaed to testify in her dad's ongoing civil fraud trial in New York. AdvertisementAdvertisementIvanka Trump is fighting hard against being forced to testify against her father and brothers in the ongoing Trump civil fraud trial in New York. The objection, in court papers filed late Thursday, calls the New York Attorney General's Office subpoena overly broad. It also accuses the AG's office of botching how it served Ivanka Trump with her subpoena, alleging a technical foul her lawyer says should invalidate her obligation to testify. James alleges that Trump and his company used fraudulently exaggerated net-worth statements in winning favorable interest rates and other benefits from lenders, particularly Deutsche Bank, for which Ivanka Trump was her father's primary point-woman.

Persons: Ivanka Trump, —, Trump, Bennet J, Moskowitz, Letitia James, Donald Trump , Jr, Eric Trump, Ivanka, James Organizations: NY, Service, New York, Trump Organization, Trump, Post Office, Trump International Hotel, Tower, Trump National Doral, Deutsche Bank Locations: New York, Washington, Washington , DC, Chicago, Miami

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

The company has reported nine-consecutive quarters of double-digit, year-over-year growth in its international business, and expects sequential revenue growth in the fourth quarter. Deutsche Bank upgrades Union Pacific (UNP) to a buy rating, while slightly raising its price target to $258 a share, up from $257. Wolfe Research upgrades Club holding Morgan Stanley (MS) to a neutral-equivalent rating from underperform, without a price target. Goldman Sachs lowers its price target on Club name Walt Disney (DIS) to $125 a share, down from $128, while maintaining a buy rating on the stock. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Eli Lilly, Jim Vena, Morgan Stanley, Wednesday's, Goldman Sachs, Walt Disney, Jim Cramer's, Jim Cramer, Jim Organizations: American Express, Revenue, Schlumberger, UBS, General Motors, United Auto Workers, Ford, Stellantis, Bloomberg, Deutsche Bank, Union Pacific, Wolfe Research, JPMorgan, Club, North, Walt, Jim Cramer's Charitable, CNBC Locations: GLP, North American

☆ Analysts bail on solar stocks after SolarEdge warning of weak earnings
▼ + stars: | 2023-10-20 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Solaredge 's warning on Thursday of weakening European demand was another red flag following what has already been a tumultuous year for the solar industry. Several Wall Street investment banks downgraded SolarEdge and slashed their price targets in reaction to the preannouncement. Deutsche Bank downgraded SolarEdge , along with peer solar stocks Sunrun and Sunnova , to a hold rating from buy. Analyst Corinne Blanchard halved SolarEdge's price target to $150 from $300, although this still implies 32% potential upside from the stock's Thursday close. Besides waning European demand, Blanchard highlighted that U.S. demand has also declined and may not bottom until early 2024.

Persons: Solaredge, Zvi Lando, Enphase, SunPower, Sunrun, bode, Gordon Haskett, Don Bilson, Corinne Blanchard, Blanchard, Goldman Sachs, SolarEdge, Goldman, Brian Lee, Oppenheimer, Roth, Philip Shen, Julien Dumoulin, Smith, Michael Bloom Organizations: Deutsche Bank, Bank of America Locations: California, SolarEdge, U.S

Political Cartoons View All 1211 ImagesMcArdle said he was asked to figure out what the property would be worth if the Trump Organization built 71 high-end townhomes there, and he got substantial input from Eric Trump. McArdle said Thursday that Eric Trump may have had a “more lofty value" in mind, but a higher number wouldn't have been credible. Trump's financial statements went on to list the golf course at values sometimes topping $100 million, according to James' lawsuit. Both Eric and Donald Trump have attended some parts of the trial but weren't there Thursday. Earlier in the trial, retired Deutsche Bank official Nicholas Haigh testified that Trump’s financial statements were key to approvals for hundreds of millions of dollars in loans in 2011 and 2012.

Persons: Donald Trump's, Eric, Letitia James, Trump, Eric Trump, David McArdle, McArdle, “ Eric, ” McArdle, wasn't, ”, didn't, James, Donald Trump, Jack Weisselberg, Allen Weisselberg, Trump's, Weisselberg, Nicholas Haigh, Haigh, Judge Arthur Engoron, Michael R Organizations: New York, Republican, Trump Organization, Trump National Golf, Trump, Deutsche Bank, Associated Press Locations: New York, New, Westchester County, Briarcliff Manor , New York, Wakefield, Sisak

☆ 'They crushed it.' Analysts cheer Netflix's strong third-quarter earnings
▼ + stars: | 2023-10-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Netflix 's better-than-expected quarterly earnings has analysts cheering the company's new subscriber growth initiatives, keeping them optimistic on the stock's growth potential. Yoon increased his price target to $390 from $375, implying 12.6% upside potential from Wednesday's close. Shares already rallied more than 13% Thursday during premarket trading, surpassing his price target. Anmuth raised his price target to $480 from $455, implying shares could jump 38.6% from Wednesday's close. UBS, Citi and Evercore all reiterated their price targets of $500 on shares, while Bank of America kept its $525 target price.

Persons: Bernstein, Laurent Yoon, Yoon, Goldman Sachs, Eric Sheridan, Doug Anmuth, Anmuth, Brian Kraft, Kraft, John Hodulik, Hodulik, Jessica Reif Ehrlich, Mark Mahaney, Mahaney, –, Michael Bloom Organizations: Netflix, ARM, JPMorgan, Deutsche, Bloomberg, UBS, Citi, Bank of America, of America, Global, Revenue Locations: U.S, Wednesday's

☆ From a likely recession to a weakening shekel, here's how the conflict with Hamas is impacting Israel's economy and markets
▼ + stars: | 2023-10-19 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

The conflict with Hamas that began October 7 will have widespread financial implications for Israel. A top Israeli economist said a recession in Israel is likely, and Fitch put the country's credit rating on watch for downgrade. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Yet in less than two weeks, Israel's shekel has weakened about 4.8% to hit multi-year lows against the dollar. The Financial Times reported Tuesday that Bank of Israel deputy governor Andrew Abir said policymakers would prioritize stabilizing the currency over growth.

Persons: Fitch, —, Joe Biden, Benjamin Netanyahu, Joseph Zeira, Zeira, Israel's shekel, Andrew Abir, Lee Hardman Organizations: Hamas, Service, Tel, Israel's Defense Forces, Hebrew University, CNBC, Bank of Israel, Traders, Deutsche Bank, Financial Times, MUFG Bank Locations: Israel, Palestinian, Tel Aviv, Gaza, Israeli, Iran

☆ Tesla shares sink 9% following earnings report, cautious commentary from Elon Musk
▼ + stars: | 2023-10-19 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

SpaceX and Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan forum on artificial intelligence at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Shares of Tesla tumbled more than 9% Thursday, a day after the electric automaker released third-quarter results that missed on top and bottom lines. It was the first time Tesla has missed on both earnings and revenue since the second quarter of 2019. "Interestingly, Elon Musk (CEO) dedicated a large amount of time to the broader macro environment and the effects of currently high interest rates," the Bank of America analysts wrote in a Thursday note. "In our opinion, 3Q23 was one of the most cautious Tesla conference calls we've heard in years," the Morgan Stanley analysts wrote.

Persons: Elon Musk, Tesla, Musk, Morgan Stanley, 3Q23, we've, — CNBC's Lora Kolodny, Michael Bloom Organizations: SpaceX, Tesla, U.S, Senate, Capitol, Washington , D.C, Bank of America, Deutsche Bank Locations: Washington ,, Mexico

☆ The top 10 things to watch in the stock market Thursday
▼ + stars: | 2023-10-19 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the 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: Jerome Powell's, Goldman, Morgan Stanley's Adam Jonas, we've, Morgan Stanley, Crag Jelinek, Ron Vachris, Oppenheimer, Says, downgrades, Jim Cramer's, Jim Cramer, Jim, Mike Blake Organizations: Treasury, Netflix, Vegas, Wynn Resorts, WYNN, Disney, Entertainment, Sports, ESPN, Bloomberg, Devon Energy, Costco, Jefferies, Deutsche Bank, Starbucks, Jim Cramer's Charitable, CNBC, Reuters Locations: Macao, Singapore, Los Angeles , California

☆ Here are Thursday's biggest analyst calls: Tesla, Netflix, Best Buy, Amazon, First Solar, Disney & more
▼ + stars: | 2023-10-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

"Based on our analysis, we see FIS as undervalued at 9x '24 P/E and upgrade to Overweight from Equal Weight." "We upgrade shares of KTB to Buy from Neutral and see 22% upside to our new $56, 12-month price target. Goldman Sachs upgrades Best Buy to buy from neutral Goldman said it sees multiple expansion for the electronic retailer. Can a 'growth stock' work if earnings don't grow in 2024? JPMorgan upgrades First Solar to overweight from equal weight JPMorgan said it sees an attractive entry point for the solar company.

Persons: Goldman Sachs, Goldman, Lee, Morgan Stanley, Tesla, Oppenheimer, it's bullish, Jefferies, CrowdStrike, we've, outperforming ytd, Bernstein, Disney, Wells Organizations: Street, Barclays, Fidelity National Information Services, Brands, Nike, Netflix, Disney, ESPN, Citi, Microsoft, UW, NA, Deutsche Bank, Starbucks, Deutsche, Bank of America, of America, JPMorgan Locations: destocking, Mexico, Wells Fargo, China, OW, Aptiv

☆ Fed done hiking rates, but higher for longer message gaining traction
▼ + stars: | 2023-10-18 | by ( Prerana Bhat | ) www.reuters.com time to read: +4 min

Several Fed officials have indicated that may work as a substitute to further rate rises, while still stressing rates will remain higher for longer. Over 80% of economists, 91 of 111, had no rate cut in their forecast until at least the second quarter of next year. That 55% majority slipped from over 70% in a September poll, extending a trend of rate cut calls being pushed to later. As recently as July, a majority of economists polled said the Fed would start cutting by end-March. All but two of 28 respondents to an extra question said the bigger risk was the first rate cut comes later than they expect.

Persons: Brett Ryan, Jerome Powell, it's, Lawrence Werther, Prerana Bhat, Rahul Trivedi, Sarupya Ganguly, Ross Finley, Jonathan Cable Organizations: U.S . Federal Reserve, Reuters, Fed, Deutsche Bank, Economic, of New, Daiwa, Thomson Locations: BENGALURU, of New York

Electronic boards showing stock information are pictured at the stock market, in Dubai, United Arab Emirates, November 5, 2020. "Such an escalation could lead to increased oil prices, concerns about oil supply, and the potential for a global economic downturn." In the unlikely event the United States sends troops into the Middle East, Belote expected a $20 jump in oil prices, "if not more". "Israel has better relations with other Arab countries compared to then," JP Morgan private bank strategist Madison Faller said in a note, "and global oil supply is not as concentrated." Reuters Graphics5/ TECH JITTERSWhat's good for oil stocks can be bad for big tech.

Persons: Abdel Hadi Ramahi, Hamza Meddeb, Malcolm H, Brent Belote, Belote, JP, Madison Faller, Nadia Martin Wiggen, Alessia Berardi, Amundi's Berardi, Trevor Greetham, Morgan Stanley, Jeff, London's Greetham, Naomi Rovnick, Nell Mackenzie, Marc Jones, Dhara Ranasinghe, Sharon Singleton Organizations: United Arab Emirates, REUTERS, Kerr Carnegie Middle East Center, Oil, JP Morgan, Svelland, Reuters Graphics Reuters, U.S, Reuters, Swiss, Royal, Aegon, Deutsche Bank, Aerospace, Thomson Locations: Dubai, United Arab, Israel, Gaza, Beirut, IRAN, Iran, U.S, United States, Arab, Turkey, Ukraine, Egypt, Jordan, Iraq, Saudi Arabia, Qatar, Bahrain, Suez, London

☆ Deutsche Bahn to announce deal to sell Arriva to I Squared on Thursday -sources
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

Parked busses are seen at an Arriva bus bepot in Harlow as the spread of the coronavirus disease (COVID-19) continues, Harlow, Britain, April 3, 2020. REUTERS/Andrew Couldridge/ File Photo Acquire Licensing RightsFRANKFURT, Oct 18 (Reuters) - Deutsche Bahn plans to announce on Thursday the sale of its international transport business Arriva to Miami-based infrastructure investor I Squared Capital, sources told Reuters. The two parties will sign the deal by Thursday, two people familiar with the matter said on Wednesday. Reuters had already reported last week that the sale, at around 1.6 billion euros ($1.69 billion) including debt, would be finalised as early as Monday. ($1 = 0.9491 euros)Reporting by Markus Wacket and Emma-Victoria Farr; writing by Tom Sims; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Couldridge, Markus Wacket, Victoria Farr, Tom Sims, Bill Berkrot Organizations: Arriva, REUTERS, Rights, Deutsche Bahn, Squared, Reuters, Thomson Locations: Harlow, Britain, Miami

☆ European stocks retreat as traders track earnings, inflation data
▼ + stars: | 2023-10-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — European markets were slightly lower on Wednesday as traders monitored corporate earnings, developments in the Middle East , and key inflation data. The pan-European Stoxx 600 index slipped 0.4% in early trade, with tech stocks shedding 1.7% to lead losses while retail stocks added 0.4%. Shares in Asia-Pacific clawed back some lost ground throughout the trading session overnight, after fresh data showed stronger-than-expected economic growth out of China for the third quarter. Earnings season also gathers steam in Europe, with ASML , SAP, Volvo, Deutsche Boerse and ABB among those reporting Wednesday. Economic data will also be in focus, with inflation data from the U.K. and the euro zone released throughout the morning.

Persons: Morgan Stanley Organizations: Federal Reserve, Stock, Wall, Netflix, Tesla, ASML, SAP, Volvo, Deutsche Boerse, ABB Locations: Asia, China, Europe

☆ Analysts are nervous heading into Tesla's third-quarter earnings report
▼ + stars: | 2023-10-18 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Wall Street will be closely looking at Tesla's gross margins to gauge if the trough has passed — or if there's more downside potential ahead. Ahead of Tesla's quarterly release, several Wall Street analysts have pulled back their performance forecasts. Wells Fargo cuts target price Wells Fargo trimmed its price target by $5 to $260 on Oct. 9, leaving its investment recommendation at equal weight. However, we doubt either will be enough, and therefore more px cuts, particularly globally, may be needed in Q4 to hit the delivery target." The broker has a sell rating on the stock and a price target of $125 which, if reached, would send Tesla 49% lower.

Persons: Tesla, StreetAccount, they've, Elon, Piper Sandler, slowdowns Piper Sandler, Wells, Goldman Sachs, Tesla Goldman Sachs, Guggenheim, bearish Guggenheim, Michael Bloom Organizations: Bank, Deutsche Bank, Wall, Tesla, Austin & Shanghai Locations: StreetAccount, 4Q23, China, Austin, EVs, U.S

While the human tragedy dominates the broader global news agenda, its hold on global markets has typically loosened pretty quickly. Inflation-adjusted real rates matter more when deciding whether to hold gold. The 2014 Gaza War lasted about six weeks and saw Israeli forces cross the border into Gaza. The 2008-09 Gaza War also echoes today's situation and saw Israeli forces cross into Palestinian territory. And over the course of the 2014 Gaza War Brent crude fell around $10 to $93 a barrel.

Persons: Dado Ruvic, Jim Reid, Brent, Michael Every, Jamie McGeever, Jonathan Oatis Organizations: REUTERS, Rights, Barclays, Deutsche, Benchmark, Swiss, Rabobank, Reuters, Thomson Locations: Rights ORLANDO , Florida, Israel, Lebanon, Gaza

☆ Deutsche Bank just cut its price target on nearly 30 global stocks ahead of earnings — and upgraded 1
▼ + stars: | 2023-10-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Ahead of the upcoming earnings season, Deutsche Bank has cut price targets on nearly 30 European stocks this week and upgraded just one to "buy." The bank's biggest cut to price target was for Denmark's energy giant, Orsted . In online food delivery, Deutsche Bank said its proprietary data shows demand stabilizing for takeaway apps across markets it monitors. Elsewhere in the European utility sector, the investment bank struck a positive tone in its outlook despite the price target cuts. Deutsche Bank analysts prefer integrated utilities like RWE , Enel , SSE , and E.ON , reiterating "buy" ratings on the stocks but lowering their price targets by 2% and 12%.

Organizations: Deutsche Bank, E.ON, Fineco Bank Locations: Swiss, Enel

☆ Here are Wednesday's biggest analyst calls: Nvidia, Microsoft, Apple, Amazon, Arm, Meta, Ulta & more
▼ + stars: | 2023-10-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

KeyBanc initiates Arm Holdings as overweight Key said it sees "meaningful market share gains" for Arm. " Bank of America reiterates Microsoft as buy Bank of America said Microsoft remains a top pick heading into earnings next week. Deutsche Bank reiterates Ulta as buy Deutsche said despite softening beauty sales, Ulta remains "compelling." "After tripling its market share in China in the last decade, NetEase is emerging as a global video games content powerhouse by forming synergistic partnerships with gaming industry veterans globally that will likely drive a similar runway for its global market share." "As we had anticipated (although we thought it would come in January), ASML reset expectations for CY24 to flat revenue growth vs prior guide of 'growth.'"

Persons: Wedbush, Key, IoT, Raymond James, Brinker, FWRG, Jefferies, Ulta, Morgan Stanley, NetEase, Redburn, Guggenheim, Doug McMillon, Bank of America downgrades Sherwin, Williams, Sherwin, Ecolab, McDonald's Organizations: UBS, Apple, Citi, Nvidia, NVIDIA, Holdings, ARM, JPMorgan, Bank of America, Microsoft, Jefferies, Deutsche Bank, Deutsche, Avis Deutsche, Walmart, of America Locations: China, Europe, Japan, Dutch, ESTC, Brazil, underperform

REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing RightsHONG KONG/LONDON, Oct 17 (Reuters) - Bond yields rose on Tuesday and stocks steadied as markets continued to retrace last week's moves to safe-haven assets, focusing on corporate earnings prospects and the resilience of the U.S. economy rather than tensions in the Middle East. Benchmark 10-year bond yields in the U.S. and Germany (Bunds) rose around 5 basis points (bps) on Tuesday having risen 5-8 bps Monday - bond yields move inversely to prices. Israel's shekel remained on the weak side of the 4 per dollar level it softened to for the first time since 2015 on Monday. Russian President Vladimir Putin on Tuesday arrived in Beijing to meet Chinese President Xi Jinping even as the war in Ukraine raged on. If investors do not receive the coupon payment, all of Country Garden's offshore debts will be deemed in default.

Persons: DAX, Kai Pfaffenbach, Banks, BNY, Goldman Sachs, We're, Jorge Garayo, Joe Biden, Israel, Israel's shekel, Vladimir Putin, Xi Jinping, BoE, Gold, Brent, Selena Li, Alun John, Shri Navaratnam, Ed Osmond, Alex Richardson Organizations: Deutsche, REUTERS, Bank of America, Treasury, Bund, Societe Generale, U.S, Israel, Hamas, Iran's, Tuesday, HK, Bank of England, Swiss, Venezuela, Thomson Locations: Frankfurt, Germany, HONG KONG, U.S, Iran, Gaza, Beijing, Ukraine, Friday's, Washington, Israel, Hong Kong, London

☆ High rates help home demand but supply constraints persist, says Deutsche Bank's Joe Ahlersmeyer
▼ + stars: | 2023-10-17 | 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 EmailHigh rates help home demand but supply constraints persist, says Deutsche Bank's Joe AhlersmeyerJoe Ahlersmeyer, research analyst in the homebuilding space at Deutsche Bank, joins 'The Exchange' to discuss upcoming homebuilder earnings, the impact a drop in margins will have on homebuilder returns, a pullback on the number of starts for multifamily housing.

Persons: Joe Ahlersmeyer Joe Ahlersmeyer Organizations: Deutsche, Deutsche Bank

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