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

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

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☆ 13 behind-the-scenes executives leading Apple's $5 billion advertising division
▼ + stars: | 2022-11-30 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +10 min

Right now its roughly $5 billion-in-revenue ads business largely consists of search ads sold within the App Store. It's been a big year for Apple's ad division. We asked more than a dozen advertising industry insiders and former Apple advertising staffers to identify the most important executives building Apple's advertising business. Teresi's ascent coincides with the explosive growth of Apple's ad business in recent years. A digital advertising veteran — having held senior roles at Yahoo, Quantcast, and Adobe — Teresi joined Apple in 2012 as vice president for its iAd division.

☆ Weakness in Apple’s stock could be a warning for the broader market, chart technicians say
▼ + stars: | 2022-11-29 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

Apple stock was down more than 2% Tuesday, after declining Monday and Friday. Apple's sizeable weighting Apple is 6.5% of the S & P 500 market cap, and technical analysts say it has implications for the broad market both in price impact and sentiment. Apple is 6.5% of the S & P. I would say it's remarkable how strong the S & P 500 is today with a 2% decline in Apple. "I can't imagine that happening without getting a sell signal on the S & P chart." She said the S & P 500 chart is maintaining a buy signal that has been in place for several weeks.

“There’s discrimination everywhere you go,” replied Adams, who was born in Wappingers Falls, New York. “One thing that I’ve learned, especially from living abroad in the past years and having to fit in in different cultures and kind of assimilate into different cultures, is that in the US, we’re continuing to make progress every single day. “So, I had a little bit of different cultures, and I was very easily able to assimilate in different cultures. A now-deleted graphic of the Group B standings posted on Saturday displayed the Iranian flag only bearing its green, white and red colors. A US soccer federation screenshot displaying Iran's national flag on social media without the emblem of the Islamic Republic.

“There’s no such thing as a set forecast right now,” said Sophie Kelly, senior vice president of whiskies at Diageo North America, speaking at the same event. The firm, a unit of Interpublic Group of Cos.’ Mediabrands, cut its growth forecast for next year to 4.8% from an earlier prediction of 5.8% in June. Organic revenue growth is a metric that removes the effects of currency fluctuations, acquisitions and disposals. Airbnb Inc. slashed its advertising spending and invested in brand marketing, lessening its reliance on search-engine marketing. “We knew that people are changing their behavior,” said William White, Walmart’s chief marketing officer.

☆ Explainer: Why Pakistan's army chief matters far beyond its borders
▼ + stars: | 2022-11-25 | by ( Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +5 min

Even when a civilian government holds power, Pakistan's generals retain a dominant influence over security matters and foreign affairs. He later headed Pakistan's two most influential intelligence agencies - Military Intelligence (MI) in 2017 and then the Inter-Services Intelligence (ISI) in 2018. WHY IT MATTERS GLOBALLYPakistan's army chief will play a key role in managing risks of conflict with nuclear-armed rival India on its eastern border, while dealing with potential instability and friction with Afghanistan on its western frontier. The incoming army chief could potentially play a key role in lowering the political temperature as Pakistan attempts to survive an economic crisis and recover from historic floods. He even summoned Pakistan's top industrialists to a meeting at army headquarters to encourage them to pay more tax.

☆ Meet the Netflix exec who's leading its disruptive new ads business strategy — and could be CEO one day
▼ + stars: | 2022-11-25 | by ( Lucia Moses | Elaine Low | ) www.businessinsider.com time to read: +8 min

Peters is a longtime Netflix exec who's quietly led its expansion overseas and into gaming. And the executive tapped to lead the charge is chief operating officer Greg Peters, who's long been the company's go-to for new business ventures. Joining Netflix in 2008 as chief streaming and partnerships officer, Peters quickly stood out as a rising star. The ads tier could also help Netflix with its expansion overseas, where its results have been uneven so far, Mahaney said. Peters played a key role in getting Netflix's creative execs on board with the ads business, one Hollywood insider noted.

☆ World Cup 2022 - Germany 1-2 Japan: Late Ritsu Doan and Takuma Asano goals earn shock victory
▼ + stars: | 2022-11-24 | by ( Charlotte Marsh | ) www.cnbc.com time to read: +11 min

Japan celebrates during a FIFA World Cup Qatar 2022 Group E match against Germany at Khalifa International Stadium on Nov. 23, 2022 in Doha, Qatar. Marc Atkins | Getty Images Sport | Getty ImagesEach Japan goal was greeted with a team bundle at the corner flag, and there were joyous celebrations at full-time. For Germany, their poor World Cup form continues, having finished bottom of their group at the 2018 tournament. After having two earlier efforts blocked, Gundogan stepped up and expertly dispatched his spot-kick to see the four-time World Cup winners in front. We made mistakes that we should never commit especially in a World Cup and those are the things that we need to improve on."

☆ Amazon’s Customer Satisfaction Slips With Shoppers
▼ + stars: | 2022-11-21 | by ( Sebastian Herrera | ) www.wsj.com time to read: 1 min

For nearly three decades, Amazon .com Inc. has been defined by its obsession over customers. Recent information, however, suggests that consumer enthusiasm about the country’s largest online retailer has slipped. The number of Amazon customers who said they were “extremely” or “very satisfied” with the company in a recent survey has fallen, measuring at 79% in 2022, according to investment firm Evercore ISI. The number reached a low of 65% in 2020 during the pandemic but remains down from a peak of 88% almost a decade ago, the research shows.

☆ China Covid setback sets stage for dramatic market upside, says Evercore's Julian Emanuel
▼ + stars: | 2022-11-21 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina Covid setback sets stage for dramatic market upside, says Evercore's Julian EmanuelJulian Emanuel, Evercore ISI, discusses the latest step back in China and how it could impact the U.S. markets. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Courtney Garcia, Dan Nathan and Guy Adami.

☆ Here are Friday's biggest analyst calls: Coinbase, Apple, Amazon, GM, Conagra, Pfizer & more
▼ + stars: | 2022-11-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Credit Suisse downgrades Hewlett Packard to neutral from outperform Credit Suisse said it sees too many macro headwinds for the stock. Credit Suisse names Ross a top pick Credit Suisse says the offprice retailer has the most "torque" to accelerate market share gains. "Strong 3Q updates from ROST /TJX reinforces our bullish thesis that Offpricers are quickly repositioning for accelerating market share and powerful EPS tailwinds as margins revert to pre-COVID levels starting in '23." Credit Suisse initiates Pfizer as outperform Credit Suisse said in its initiation of Pfizer that it likes the company's pipeline advances. " Credit Suisse initiates Eli Lilly as outperform Credit Suisse said in its initiation of Eli Lilly that it sees "upward revisions" from obesity sales.

☆ Markets are watching for more clues on Fed hikes and the economy in the week ahead
▼ + stars: | 2022-11-18 | by ( Patti Domm | In | ) www.cnbc.com time to read: +7 min

Investors may be a bit more cautious in the week ahead, with stocks seeking direction in quiet trading and the bond market's warnings about recession getting louder. "That's going to cause its own pressure on markets because markets never look through a profit recession." In the past week, Fed officials maintained their tough tone and some even sounded more hawkish. A rallying stock market is a sign of looser financial conditions. "The stock market is complicating the Fed's objective," said Lyngen.

☆ Wall Street is skeptical of GM's ambitious EV plans
▼ + stars: | 2022-11-18 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

DETROIT – Wall Street is skeptical of General Motors' plans to produce profitable electric vehicles years ahead of schedule and substantially bring down battery costs amid supply chain problems and broader economic concerns. GM's average rating is overweight with a 12-month target price of $47.77 per share, according to analysts compiled by FactSet. That would be years ahead of schedule and mean a dramatic decline in the automaker's battery costs amid supply chain problems, cyclical demand concerns and potential shortages in raw materials. It boosted its cash flow guidance to between $10 billion and $11 billion, up from $7 billion and $9 billion. Here are comments from other analysts as well as their ratings and price targets for GM following the investor event.

☆ Grindr Plans to Focus on Monetization, Subscription Prices After Going Public
▼ + stars: | 2022-11-17 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +6 min

The company will list on the New York Stock Exchange under a new name, Grindr Inc.Vanna Krantz, Grindr CFO. Ms. Krantz said she plans to review subscription prices, which currently start at $19.99 a month for paid accounts. Once the company is public, Ms. Krantz will be responsible for further building out Grindr’s finance function. Ms. Krantz said she would focus on further improvement when it comes to forecasting. The year-over-year loss was largely driven by one-time costs associated with going public, such as legal, consulting and audit fees, Ms. Krantz said.

☆ Evercore's Mark Mahaney breaks down the top three tech stock picks
▼ + stars: | 2022-11-17 | 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 EmailEvercore's Mark Mahaney breaks down the top three tech stock picksMark Mahaney, head of internet research at Evercore ISI, joins CNBC's 'Squawk Box' to break down investing opportunities in the technology sector ahead of the open.

☆ Here are Thursday's biggest analyst calls: Apple, Robinhood, Netflix, Target, TJX, McDonald's & more
▼ + stars: | 2022-11-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Credit Suisse reiterates Apple as outperform Credit Suisse said its survey checks show iPhone Pro and Pro Max delivery delays. Deutsche Bank downgrades Target to hold from buy Deutsche downgraded Target after its earnings report on Wednesday and said it has "lower confidence." Piper Sandler upgrades Target to overweight from neutral Piper said Target is still "compelling" despite its latest quarterly report. " Bank of America reiterates Nvidia as buy Bank of America called Nvidia's third-quarter earnings results on Wednesday an "inflection" quarter. Bank of America reiterates Cisco as buy Bank of America said it's standing by Cisco after its earnings report on Wednesday.

☆ Here are Wednesday's biggest analyst calls: Apple, Nvidia, Tesla, Amazon, Zoom, Walmart & more
▼ + stars: | 2022-11-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Wednesday's biggest calls on Wall Street: UBS reiterates Apple as buy UBS said wait times for Apple's iPhone are hitting "extreme levels." Bank of America reiterates Amazon as buy Bank of America said Amazon is a key beneficiary of automation. UBS downgrades Advance Auto Parts to neutral from buy UBS said in its downgrade of Advance Auto Parts that it's losing share. UBS reiterates Walmart as buy UBS said the stocks is undervalued after the company's earnings report on Tuesday. Credit Suisse reiterates Nvidia as outperform After a change in analyst coverage, Credit Suisse named the tech company as a top pick. "

☆ Stocks making the biggest moves midday: Target, Carnival, Advance Auto Parts, Lowe's and more
▼ + stars: | 2022-11-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Advance Auto Parts — Advance Auto Parts tumbled 16.3% after reporting lower-than-expected quarterly earnings after the bell Tuesday. Lowe's said the company, unlike Target, is not seeing negative inflation impact on sales. O'Reilly Automotive — Shares automotive parts retailer added 2% after the company upped its share repurchase program by $1.5 billion. Oscar Health — The insurance stock added 1.9% after Wells Fargo upgraded the stock to overweight, saying shares can rally nearly 40% going forward. Lincoln National — Shares added 2.1% following an upgrade to a buy rating by Goldman Sachs.

☆ Analysts see one retailer winning this holiday and taking share as Target struggles
▼ + stars: | 2022-11-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

In contrast, Target reported an earnings miss Wednesday, with profit that fell by about 50% in its fiscal third quarter. "General merchandise softness continues to be linked to Covid-winner categories (CE, home, and apparel basics), although the category's performance also improved sequentially." Walmart's general merchandise sales fell at a low-single digit pace, its chief financial officer, John Rainey, said on the earnings conference call Tuesday. For Target, the softness in general merchandise is taking its toll. The retailer has made some progress clearing through its excess inventory, but the fiscal thir quarter brought higher-than-expected markdowns, Target said.

☆ Watch CNBC's full interview with Evercore Analyst Greg Melich
▼ + stars: | 2022-11-16 | 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 Analyst Greg MelichGreg Melich, Evercore ISI analyst, joins 'Squawk on the Street' to discuss retail earnings numbers, softening discretionary spending in retail, and continued consumer interest in budget stores.

☆ Coupa Software Weighs Right Time to Refinance Low-Rate Debt Amid High Rates
▼ + stars: | 2022-11-15 | by ( Mark Maurer | ) www.wsj.com time to read: +6 min

Coupa Software Inc. is searching for the right time to refinance over $2 billion in convertible debt that it holds at nearly evanescent rates—despite rising financing costs and the fact that its maturities are more than two years away. Tony Tiscornia, chief financial officer at Coupa Software. “For a young software company, we would really like to see a lot of the focus on just growth at this time, over profitability,” she said, speaking generally. The company will likely refinance with convertible debt because the interest rate tends to be lower than that of straight debt, he said, adding that more equity would dilute shareholdings. Conagra said it had $8.98 billion in net debt as of Aug. 28, down from $9.19 billion a year earlier.

☆ Op-ed: Opportunities await investors in the tech sector. Here is a corner that’s ripe for growth
▼ + stars: | 2022-11-15 | by ( Robert F. Smith | ) www.cnbc.com time to read: +4 min

However, on close examination, investing specifically in enterprise software will continue to be one of the best uses of capital anywhere in the financial and technology markets. As we have seen, enterprise software is a disruptive force with the potential to unlock unprecedented productivity and innovation. The pandemic accelerated reliance on enterprise software, as companies turned to technology to connect employees and customers, conduct meetings and facilitate payments. Conversely, as more businesses face commodity and wage inflation, they recognize the value that enterprise software can deliver to help manage the cost of day-to-day workflows while increasing efficiency. Selecting the right investmentsThat said, even in the private markets, generating favorable outcomes in turbulent times requires investors to execute against two factors.

☆ Top tech analyst Mahaney says sell-off has gone too far — 7 dramatically cheap stocks he likes
▼ + stars: | 2022-11-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

The SPDR S & P Internet ETF has lost more than 50% year to date amid rising inflation and higher interest rates. The major correction in internet sector multiples occurred in 2021 and the first half of 2022, but those multiples have stabilized over the last several months, said Evercore ISI analyst Mark Mahaney. Meta and Spotify Technology are both trading 65% below their pre-Covid average multiples, according to Evercore ISI. His top mega-cap internet stock is Netflix , which is trading 31% below its pre-Covid average multiple. Its core subscription business can also return to growth, Mahaney said.

Nov 14 (Reuters) - Walmart (WMT.N) and Target (TGT.N) results this week are likely to show that major retailers are heading for a turbulent holiday season as rampant inflation has made everything from toothpaste to Christmas sweaters more expensive for shoppers. "We have our expectations set really low, it's a difficult environment," said Bill Smead, chief investment officer of Smead Capital Management, which owns Target shares worth more than $200 million. Smead said recent warnings around demand from FedEx and Amazon did not bode well for retailers this season. The economic slowdown has led to expectations of a more muted holiday shopping season with everyone from Amazon to Walmart kick-starting holiday deals early to clear excess merchandise. However, Walmart and Target's scale and ability to undercut smaller retailers on price may still help them fare better than others as they attract more cost-conscious consumers looking to do their Christmas shopping on a budget, analysts said.

☆ Here are Wall Street analysts’ favorite retail stocks as giants such as Target get set to report
▼ + stars: | 2022-11-13 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

Boots seller Boot Barn made the cut, with 83% of analysts covering it giving the stock a buy rating. Target also made the list, with 59% of analysts rating it a buy and an average price target implying upside of about 17%. The retail giant's stock has dropped more than 25% in 2022, but it has rallied 16.8% in the fourth quarter. Seventy-one percent of analysts covering the stock rate it a buy, and the average analyst price target implies upside of 41.4%, FactSet data shows. Nearly 80% of analysts covering the e-commerce giant rate it a buy, with the average price target implying upside of 41.6%.

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