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☆ Online travel and enterprise spending will weaken next year or at least decelerate, says Evercore's Mahaney
▼ + stars: | 2022-12-22 | 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 EmailOnline travel and enterprise spending will weaken next year or at least decelerate, says Evercore's MahaneyMark Mahaney, Evercore ISI, joins 'TechCheck' to discuss his overall view of tech activity in 2023, how much Alphabet and Amazon's stock has already discounted the bad news to come and the signs that tell if a company is positioned to do better than its peers.

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Imax, Netflix, Robinhood, Amazon & more
▼ + stars: | 2022-12-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Evercore ISI initiates American Express Global Business Travel Group as outperform Evercore initiated the corporate travel business company with an outperform rating and said it's a beneficiary of corporate travel recovery. AmEx GBT is the leading business to business travel management platform, providing software and services to manage travel, expenses, and events for corporate travel." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it sees a "buying opportunity" for shares of Tesla. Piper Sandler reiterates Tesla as overweight Piper said Tesla could become a key ESG holding. Morgan Stanley reiterates Wells Fargo as overweight Morgan Stanley said the banking giant is a top beneficiary of rate increases. "

☆ 6 predictions for Apple's growing ad business in 2023 — from ads on Apple TV+ to building and buying adtech
▼ + stars: | 2022-12-22 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Its App Store search ad business is growing at a clip and Apple has begun pitching advertisers Major League Soccer ad packages. Here's what experts think Apple might have in store for its advertising business next year, from TV ads to further privacy interventions. Prediction 2: Ads will be placed on Apple TV+Apple's 10-year, $250 million-a-season deal to broadcast Major League Soccer on Apple TV will air its first game in February 2023. It could become the key entry point for advertisers looking to reach Apple users across its portfolio of apps and services. "Apple is about to find out how difficult it is to serve TV ads," he added, referring to its MLS telecasts.

☆ Meta is a 'top recession stock' for 2023, analysts say, after shares tanked 65% this year
▼ + stars: | 2022-12-22 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Wall Street analysts are bullish on Meta Platforms for 2023 after shares in the company nosedived by more than 65% this year. The decline is the largest among mega-cap stocks, with many analysts saying shares in the company have fallen too far. As a result, while the stock has since risen by about 16%, it remains down by more than 65% this year. Bank of America Bank of America analysts have also become bullish on Meta's shares after the company announced its cost-cutting measures. The analysts have called Meta a "top recession stock" and expect shares to rise by 19% to $136 next year if Facebook's parent can keep costs to a minimum through the recession.

☆ FedEx cost cuts stanch losses, analysts see need for more
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +2 min

Shares in FedEx rose 4.7% to $172 at midday Wednesday, a level far below their 52-week high of $266.79. FedEx has been underperforming its unionized rival United Parcel Service (UPS.N), which is squeezing greater profit from its leaner, more streamlined operating structure. FedEx has outlined plans to integrate its disparate businesses, revive its long-troubled Europe operations and appease activist investor D.E. On Tuesday, FedEx issued a new 2023 profit forecast, signaling that it may be "finding the floor," Susquehanna analyst Bascome Majors said. Reporting by Lisa Baertlein in Los Angeles; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

☆ Survey shows a Costco membership fee hike would face little resistance — we think so, too
▼ + stars: | 2022-12-21 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Most American shoppers say they are willing to pay more for their retail club memberships — a sentiment that bodes well for Investing Club holding Costco (COST). As a result of the survey findings, Evercore favors Costco for a planned fee increase and the potential for a special dividend sometime next year. Costco's last membership price hike was in June 2017, when the wholesale retailer increased its standard membership fee from $55 to $60 and its Executive membership from $110 to $120. Historically, Costco has increased its membership fee every five years, an anniversary that passed a few months ago. Another potential catalyst for Costco stock is the company's likely decision to issue a special dividend, which Evercore thinks could happen in 2023.

☆ UPS has managed this downturn better than FedEx, says Evercore ISI's Jonathan Chappell
▼ + stars: | 2022-12-21 | 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 EmailUPS has managed this downturn better than FedEx, says Evercore ISI's Jonathan ChappellJonathan Chappell, transportation equities analyst at Evercore ISI, joins CNBC's 'Squawk Box' to compare the performance between FedEx and UPS amid the busy holiday shipping season.

☆ Here are Wednesday's biggest analyst calls: Apple, McDonald's, Alphabet, Amazon, Tesla, Meta & more
▼ + stars: | 2022-12-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Citi reiterates Apple as buy Citi said it sees several reasons that Apple stock is likely trade higher. Jefferies names McDonald's a top 2023 pick Jefferies said the fast food giant is a top defensive idea for 2023. Jefferies downgrades Starbucks to hold from buy Jefferies said it sees a more "balanced" risk/reward outlook for the stock. Evercore ISI reiterates Alphabet as outperform Evercore lowered its estimates on the stock but said it's still "highly attractive" for long-term investors. UBS reiterates Nike as buy UBS said Nike's earnings growth potential is "underestimated" after the company's earnings report on Tuesday.

☆ Tesla falls on growing angst over Musk's focus on Twitter
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +1 min

Tesla's shares hit a more than two-year low of $140.86. Evercore ISI, which slashed its price target on the company's shares to $200 from $300 said investors fear damage to the Tesla brand. Daiwa Capital Markets also cut its price target to $177 from $240, citing a "higher risk profile from the Twitter distraction". Analysts at Oppenheimer downgraded Tesla's shares on Monday. The price target cuts come ahead of Tesla's quarterly deliveries report expected in early January amid weakening demand in China.

☆ Elon Musk tries to explain why Tesla shares are tanking
▼ + stars: | 2022-12-20 | by ( Lora Kolodny | ) www.cnbc.com time to read: +4 min

Long-time Tesla bull Ross Gerber wrote in a tweet , "Tesla stock price now reflects the value of having no CEO. But Tesla's stock has dropped more than other larger automakers since Musk announced his plans to buy Twitter in Apr. Since that date, Tesla shares are down 59%, versus 26% for Ford and 12% for GM . Musk sold billions of dollars of his Tesla holdings to finance the Twitter deal, including a $3.6 billion sale earlier this month. Those, among other challenges, led Mizuho Securities and Evercore ISI to reduce their Tesla price targets on Tuesday.

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Hostess, Home Depot, Rivian, Netflix & more
▼ + stars: | 2022-12-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Tuesday's biggest calls on Wall Street: Atlantic Equities names Coca-Cola as a top 2023 pick Atlantic Equities said it sees "category momentum" for shares of the beverage giant. JPMorgan reiterates Apple as overweight JPMorgan cut its price target on Apple to $190 per share from $200 due to supply chain challenges concerns. JPMorgan names Amazon as a top 2023 pick JPMorgan said Amazon is the "most diversified mega-cap across revs/profit & has numerous large growth opportunities." JPMorgan resumes DuPont as overweight JPMorgan resumed coverage of the stock and said it sees several positive catalysts ahead. JPMorgan names Bank of America a top 2023 pick JPMorgan said it likes the stock due to a "lower share of nonprime consumer loans."

☆ Tesla stock price target cut by a third as Model 2 is needed to 'right the ship,' analyst says
▼ + stars: | 2022-12-20 | by ( Brian Evans | ) www.businessinsider.com time to read: +3 min

Evercore ISI slashed its price target on Tesla stock to $200 from $300, according to a Tuesday note. The firm said it wants to see Tesla launch a Model 2, which is envisioned as a lower-cost EV. Tesla stock has plunged more than 60% from its November 2021 high. Tesla stock has been under immense pressure this year, while Chief Executive Elon Musk continues to sell shares. Analysts also said that while the biggest challenges to Tesla stock have been Musk's acquisition of Twitter and the electric vehicle maker faltering in China, more factors are now weighing on the stock.

☆ Evercore ISI slashes Tesla target by $100 after stock fails at critical level
▼ + stars: | 2022-12-20 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Tesla shares could be limited going forward, according to Evercore ISI. Analyst Chris McNally cut his price target on the electric car maker to $200 per share from $300, noting that the stock has now fallen below a key threshold. "The $150-163 technical level was seen as a critical battleline to defend beyond further weakness…and failed," McNally wrote in a note Tuesday, a day after Tesla shares closed at $149.87. "China stalled growth remains, but with global backlog winding down, investors are also revisiting demand assumptions for the first time. Remember, TSLA has ~60% share US but < 10% share EU/China, while BYD grows to 4x TSLA's NEV size in China," McNally said.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: Wells Fargo, 3M, Meta
▼ + stars: | 2022-12-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Wells Fargo (WFC) agrees to a $3.7 billion settlement with the government's Consumer Financial Protection Bureau (CFPB) over consumer abuses. Wells Fargo analysts believe an ESPN/ABC spinoff from Club stock Disney (DIS) is a "reasonably probable event" late next year. American (AAL) and other airlines saw price target cuts on Wall Street. Barclays raises price target on Merck (MRK) to $128 per share from $110 and keeps overweight (buy) rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ These beaten up, tax-loss victims could turn out to be 'gift boxes' for patient investors
▼ + stars: | 2022-12-20 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

Tax-loss selling has hit some stocks especially hard this year, so Evercore ISI recommends picking through those companies for the ones with the right attributes that will turn them into "gifts" for patient, long term investors. "Stocks which have endured historic tax-loss selling pressure yet have favorable earnings, short interest and price momentum profiles headed into the New Year could prove to be `gifts' for patient long term investors," he wrote in a note. While tax-loss selling will continue into the holidays, Emanuel says opportunities are already emerging. They also have higher than normal short interest, with short interest in the upper half of their two-year ranges. Emanuel said the higher earnings revisions in these stocks contrast with his expectations that earnings will broadly decline 7% in 2023.

☆ 'One of my top picks for next year': Why Evercore's Mark Mahaney still loves Netflix
▼ + stars: | 2022-12-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Netflix is a "top pick" for next year, according to Evercore ISI, despite the streaming giant reportedly missing ad revenue targets. Netflix shares closed lower by over 8% on Thursday following a Digiday report that the company offered to return money to advertisers for missing viewership targets. Mark Mahaney, head of internet research at Evercore ISI, brushed aside the concerns, however, saying the long-term outlook for the company remained positive. Evercore ISI expects shares of Netflix to rise by more than 17% to $340 a share over the next 12 months. I think that benefits the incumbent, which is Netflix," Mahaney added.

☆ A weak economy will test consumers' wanderlust, but these stocks could prove resilient in 2023
▼ + stars: | 2022-12-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

The U.S. Travel Association anticipates domestic leisure travel demand will hold up, although growth may be a bit slower in 2023. The stock has an average analyst rating of buy and 47% upside to the average price target, according to FactSet. Marriott has an average analyst rating of overweight and 13.5% upside to the average analyst price target, per FactSet. Norwegian has an average analyst rating of overweight and nearly 27% upside to the average analyst price target, while Royal Caribbean has an average analyst rating of overweight and about 24% upside to its average price target. However, Carnival has an average analyst rating of hold and 24% upside to the average price target.

☆ Stocks making the biggest moves midday: Gilead Sciences, Moderna, Tesla and more
▼ + stars: | 2022-12-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

A sign is posted in front of the Gilead Sciences headquarters on April 29, 2020 in Foster City, California. Check out the companies making the biggest moves midday:General Mills — General Mills dropped 4.2%, despite reporting better-than-expected revenue and profit for the last quarter. Gilead Sciences — Gilead Sciences sank 2.4% after announcing its Kite unit would acquire biotech company Tmunity Therapeutics. Tesla – Shares of Tesla sank 5.3% after Evercore ISI lowered its price target on them, citing concerns as the stock failed to hold a key level. Arch Capital — The Bermuda-based insurance company rose 2.5%.

☆ The bear vs. bull case for Nike
▼ + stars: | 2022-12-19 | 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 EmailThe bear vs. bull case for NikeOmar Saad with Evercore ISI and Sam Poser of Williams Trading join 'Power Lunch' to share their opinions on Nike's market performance ahead of the company's earnings report.

☆ Warren Buffett might be tempted to buy more Amazon stock as it has 3 levers to unlock value, Evercore says
▼ + stars: | 2022-12-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Amazon stock has dropped 49% year-to-date but it has three levers to unlock value that make it a "Buffett buy," according to Evercore ISI. Warren Buffett's Berkshire Hathaway already owns a $1.2 billion stake in Amazon that was bought in 2019. "We continue to view Amazon as highly attractive for long-term investors as a dislocated high quality stock," Evercore said. These are the three value unlocks that make Amazon a "Buffett buy," according to Evercore ISI. "The relatively easy opportunity to better monetize Amazon Prime Video with even a modest ad load – Amazon Prime Video is now essentially the only major streaming asset without ad monetization."

☆ European Union accuses Meta of breaching antitrust rules
▼ + stars: | 2022-12-19 | 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 EmailEuropean Union accuses Meta of breaching antitrust rulesMark Mahaney, Evercore ISI head of internet research, joins CNBC’s ‘Squawk Box’ to discuss Meta shares after the European Union commission accused the social media of abusing antitrust rules.

☆ Jim Cramer's top 10 things to watch in the market Monday: Stocks, Elon Musk, Amazon
▼ + stars: | 2022-12-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Club holding Amazon (AMZN) price target cut to $150 per share from $170 at Evercore ISI. Piper has an odd number cut on Exxon (XOM), not a Club stock, even though very positive. 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.

☆ Here are Monday's biggest analyst calls: Tesla, Amazon, Netflix, Moderna, Nike, Coinbase & more
▼ + stars: | 2022-12-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Morgan Stanley names Microsoft a top 2023 pick Morgan Stanley said it sees accelerating earnings per share growth for Microsoft in 2023. Morgan Stanley reiterates Netflix as equal weight Morgan Stanley raised its price target on Netflix to $275 per share from $250 but said the valuation has come too far too fast. Telsey names Amazon a top 2023 pick Telsey said the e-commerce giant will continue to gain share in 2023. " Morgan Stanley names Formula One Group a top 2023 pick Morgan Stanley said the company is top beneficiary in the rising popularity of auto racing. Goldman Sachs names SolarEdge a top 2023 pick Goldman said shares of the solar company are attractive heading into next year. "

A large dent has also come from industrial sectors forced to curb output as high gas prices make production uneconomic with some firms shifting production to regions with cheaper energy. FIGHT FOR SUPPLIESThe obvious way to boost supplies is through liquefied natural gas (LNG). That may not happen next year, meaning Europe would face fierce competition for LNG that would drive up the cost. Record high prices in Europe, however painful, helped the region to secure record volumes of LNG imports this year. Benchmark European gas prices hit a peak in August of more than 300 euros/MWh.

☆ Watch CNBC's full interview with Evercore's Omar Saad and Sam Poser of Williams Trading
▼ + stars: | 2022-12-19 | 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 EmailWatch CNBC's full interview with Evercore's Omar Saad and Sam Poser of Williams TradingOmar Saad with Evercore ISI and Sam Poser of Williams Trading join 'Power Lunch' to share competing opinions on Nike's market performance ahead of the company's earnings report.

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