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☆ Analysts love these Nasdaq stocks as benchmark wraps up best first half since 1983
▼ + stars: | 2023-06-27 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

The tech-heavy index has soared nearly 29% this year and is currently on pace for its best first half since 1983. That year, the Nasdaq rallied 37.1% in the first half and finished 1983 up nearly 20%. Their average price target implies about 34% upside compared with current levels. Three-quarters of analysts covering the stock rate it a buy, and the average price target indicates 30% upside over the next 12 months. Of the 14 analysts covering the stock, 71% rate it a buy, while the average analyst price target implies upside of nearly 64%.

Persons: Ambrx, FANG, Canaccord Genuity Organizations: Nasdaq, Apple, Google, Nvidia, CNBC Pro, Diamondback Energy, Mobileye, Sarepta Therapeutics, U.S . Food, Drug Administration Locations: Texas, U.S

☆ Stocks making the biggest moves midday: Nvidia, Tesla, Coinbase and more
▼ + stars: | 2023-05-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Visitors at the Nvidia stand at the 2022 Apsara Conference in Hangzhou, China, Nov 3, 2022. Nvidia — Shares of the chipmaker and artificial intelligence beneficiary popped nearly 6%, building on its recent gains on the heels of a blowout quarter. Tesla — Shares gained 6% following a Reuters report a private jet used by CEO Elon Musk arrived in China, his first visit in three years. ChargePoint — Shares rose nearly 11%. Devon Energy , Diamondback , Chevron , ExxonMobil — Energy stocks were under pressure Tuesday as prices for oil and natural gas slid.

☆ Stocks making the biggest moves midday: Uber, Chegg, Dell, PacWest, SoFi & more
▼ + stars: | 2023-05-02 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Uber — Shares of the ride-hailing giant jumped more than 8% after the company reported first-quarter revenue that beat analysts' expectations. Still, the company did beat expectations for the quarter and provide strong guidance. NXP Semiconductors — Shares of the chipmaker added more than 2% after the company beat analysts' expectations for first-quarter revenue and operating income. Revenue guidance for the second quarter was better than anticipated as well. The global bank also announced an upcoming $2 billion share buyback program and restored its quarterly dividend.

☆ Stocks making the biggest moves after hours: Arista Networks, Chegg, MGM Resorts, Stryker and more
▼ + stars: | 2023-05-01 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Arista Networks — The cloud networking company slid 7% despite beating analysts' expectations for the first quarter. Arista saw $1.43 in adjusted earnings per share in the quarter on $1.35 billion in revenue, while analysts polled by Refinitiv expected $1.34 per share on $1.31 billion. Separately, the company beat analysts' expectations for adjusted earnings per share and revenue in the first quarter, according to Refinitiv. Diamondback reported $4.10 in earnings per share, less than the $4.33 consensus estimate of analysts polled by FactSet. The company posted 44 cents in adjusted earnings per share, smashing the consensus estimate of 10 cents per share, according to Refinitiv.

☆ Shale producer Diamondback misses profit estimates on lower crude prices
▼ + stars: | 2023-05-01 | by ( Arshreet Singh | ) www.reuters.com time to read: +2 min

Companies Diamondback Energy Inc FollowMay 1 (Reuters) - Shale producer Diamondback Energy Inc (FANG.O) reported first-quarter profit below Wall Street estimates on Monday, hurt by lower prices of crude, sending its shares down 2%. Global crude prices averaged $82 a barrel in the January-March quarter, down nearly 16% from a year earlier as concerns about global economic outlook weighed on prices. The Midland, Texas-based firm said total average unhedged realized prices were $49.72 per barrel of oil equivalent in the reported quarter, 29% lower from a year earlier. Diamondback also said there were signs that inflation, which plagued the industry in recent quarters, is showing signs of abating. Stice added that raw materials and service costs are declining and he expects his company's completion costs to be lower.

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

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

Top producers have built a war chest to fund acquisitions after reaping windfall profit in 2022 from skyrocketing oil prices following Russia's invasion of Ukraine. At least three analysts have identified Diamondback Energy Inc (FANG.O), Matador Resources Inc (MTDR.N) and Permian Resources Corp (PR.N) as possible takeout targets. The shale patch, which lies between Texas and New Mexico, has the necessary infrastructure and is known for high productivity and large undeveloped reserves. But a surge in oil prices last year helped turn the tide. Last week, ConocoPhillips (COP.N) CEO Ryan Lance said he was expecting more shale deals, adding that "consolidation needs to happen" among Permian Basin energy producers.

RBC Capital Markets anticipates that the next quarter could be choppy for stocks, but the firm shared its list of high-conviction names to navigate the volatility. With these concerns in mind, RBC shared a list of high-conviction stocks that it says are well-positioned to offer upside this quarter. Below are 10 of the names: Alnylam Pharmaceuticals and biotech engineering stock Boston Scientific are new additions to RBC's list of high-conviction names. RBC analyst Shagun Singh said Boston Scientific is "positioned to drive consistent double-digit EPS growth," with upcoming device launches and trial data readouts to act as catalysts. On the energy front, RBC named oil company Diamondback Energy as one of its top picks for the quarter.

☆ Commodity stocks are a ‘great place to look’ amid the volatility: Fund manager
▼ + stars: | 2023-03-29 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

But fund manager James Davolos believes the commodities sector is where it's at for savvy investors. "I don't really worry about volatility that much, but I continue to think that the one universally underpriced asset class today is commodities," Davolos, portfolio manager at Horizon Kinetics, told CNBC's "Street Signs Asia" on Monday. Stocks to play it One of his top picks is Lithium Royalty Corp, which owns a royalty portfolio of lithium mines. Davolos believes the market is underappreciating Lithium Royalty as most of its portfolio mines have yet to commence production. Davolos also likes two other stocks : Viper Energy Partners , which owns a royalty portfolio of oilfield assets, and its parent company Diamondback Energy .

☆ Jim Cramer's top 10 things to watch in the stock market Monday: Bank rescue, Salesforce truce, Nvidia boost
▼ + stars: | 2023-03-27 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

GIS gets from price target bumps on Wall Street. Pioneer Natural Resources (PXD) sees price target cut at Raymond James, which goes to $241 per share from $300. RH (RH), the company formerly known as Restoration Hardware, price target cut to $245 per share from $335 at Wedbush. Wingstop (WING) cut to underperform (sell) from hold at Jefferies, which kept its $160-per-share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stocks making the biggest moves premarket: Deutsche Bank, Coinbase, Block, Marathon Oil and more
▼ + stars: | 2023-03-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

A Deutsche Bank AG flag flies outside the company's office on Wall Street in New York. Banks — Shares of U.S. banks fell as investors worried about the global banking system. First Republic Bank fell 3%, while Western Alliance , Zions Bancorporation and Fifth Third all lost more than 2%. Energy stocks — Energy names fell in in the premarket as oil prices slid, with investors worried about potential oversupply. Marathon Oil and Devon Energy fell about 3%.

☆ Top 10 things to watch in the stock market Thursday: Stocks bounce, Ford EVs, Apple
▼ + stars: | 2023-03-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Marathon Oil (MRO) and Club holding Pioneer Natural Resources (PXD) catch upgrades at Citi. Club holding Ford (F) unveiled its new financial reporting structure ahead of Thursday's teach-in event. Club holding Apple (AAPL) increasing its commitment to sports and content? Coty (COTY) added to Piper Sandler's top ideas in beauty after analysts performed a round of checks in stores in Chicago plus recent company updates. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Investors are buying energy stocks in record amounts after a dip in oil prices
▼ + stars: | 2023-03-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Investors have been scooping up energy names amid a recent drop in oil prices, according to Bank of America. The energy sector of the S & P 500 is down more than 3% for the month, while the Energy Select Sector SPDR Fund (XLE) is off about 4% in March. Targa Resources , which provides midstream natural gas and natural gas liquids services, has buy ratings from about 86% of the analysts who cover it. The name has the highest upside potential on our list, based on its average target price of 59.4%. Diamondback Energy is on the list with buy ratings from three quarters of its analysts and potential upside of about 38%.

☆ Stocks making the biggest moves midday: Credit Suisse, First Republic Bank, Halliburton and more
▼ + stars: | 2023-03-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Credit Suisse — Shares of Credit Suisse plunged 25% after its biggest backer, Saudi National Bank, said it won't provide the Swiss bank with further financial help. First Republic Bank — The regional bank stock tumbled 23%, giving back some of Tuesday's gains as turmoil at Credit Suisse rattled the broader sector and S&P Global Ratings downgraded its debt rating to BB+ from A-. U.S. banks — Major U.S. banks tumbled on Wednesday as unease over the latest crisis at Credit Suisse spooked some investors. Energy stocks — Major energy stocks took a hit as oil stooped to its lowest level in more than a year. New York Community Bancorp — The regional bank stock jumped more than 5%, bucking the broader sell-off trend in banking names.

☆ These stocks are winning even as Fed hikes rates — and Wall Street sees the gains continuing
▼ + stars: | 2023-03-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The Federal Reserve's interest rate hikes have made markets volatile, but some stocks have still managed to outperform. The S & P 500 is down 6.6% since March 15, 2022 — one day before the central bank began its campaign to push interest rates to almost 5% today from near 0% a year ago. Fed Chairman Jerome Powell told Congress Tuesday that rates will likely continue higher for longer to contain inflation, fueling a selloff in stocks. Here are some of the stocks that can continue to gain even as the Fed lifts its likely peak interest rate, and where analysts expect the stocks to trade in the future. Analysts are optimistic that Delta Airlines will manage to continue its gains — 86% of analysts rate the stock a buy.

☆ This week’s best performers include Nvidia and this tax stock
▼ + stars: | 2023-02-24 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Nvidia and software stock Ansys were the best performers this week, rising more than 7% each. Analysts see the stock trading in a tight range going forward, however, with the average price target for Nvidia implying upside of just 5%, FactSet data shows. Analysts expected earnings of $2.82 per share on revenue of $647 million, according to StreetAccount. The company's first-quarter earnings per share forecast of $1.53 to $1.71 after adjustments also topped a consensus estimate of $1.41 per share. Earlier this week, Wells Fargo analyst Michael Turrin said the stock could gain roughly 20% going forward.

☆ These 8 stocks are cheap and are expected to see strong earnings growth this year
▼ + stars: | 2023-02-22 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

But there are some stocks that appear more reasonably priced, at least by one common valuation yardstick. The companies listed are also expected to see earnings per share growth of at least 10% this year. According to FactSet, 81% of Wall Street analysts have a buy rating on the stock. Financial stocks often trade at lower P/E ratios than the market as a whole, due in part to their slower growth prospects, but insurance company Metlife offers some attractive upside, according to analysts. According to FactSet, 65% of analysts have a buy rating on Metlife, with an average upside of 17% from current levels.

☆ Chesapeake Energy to reduce drilling amid natgas price slump
▼ + stars: | 2023-02-22 | by ( Liz Hampton | ) www.reuters.com time to read: +2 min

Feb 22 (Reuters) - U.S. natural gas producer Chesapeake Energy Corp (CHK.O) on Wednesday said it would pull back on drilling and completing wells this year as natural gas prices have crashed to a quarter of what they were last summer. Earlier this month, Comstock Resources Inc (CRK.N) said it would cut drilling rigs to seven from nine this year. Henry Hub natural gas futures on Wednesday briefly dipped below $2 per million British thermal units (mmBtu) for the first time since September 2020, and were down from last year's $8 peak. Chesapeake, which previously announced plans to sell its oil position to focus on gas production, on Tuesday said it would sell oil assets in South Texas to chemical maker INEOS for $1.4 billion. Rival shale oil producer Diamondback Energy (FANG.O) on Wednesday said it was increasing its non-core asset sale target to at least $1 billion by the end of this year, up from $500 million previously.

☆ Buy these 16 dividend stocks to collect consistent cash payments while inflation stays high, according to a fund manager who outperformed 95% of his peers last year
▼ + stars: | 2023-02-20 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

"Just simply by focusing on quality companies with strong free cash flows is going to get you through any economic cycle. When looking for dividend stocks, the fund manager said it's crucial to consider a company's cash flow to ensure that it will be able to provide consistently high cash payments each quarter. "We do think it's prudent for investors to focus on — whether it's sectors as a whole or companies — strong, resilient cash flows," Morey said. "Because in an environment that we're in right now, cash is king, and cash flows are the life of companies. And without cash flows, you're tapping into other sources for capital, which is now at a much higher rate."

☆ Warren Buffett is missing out on this year’s market comeback
▼ + stars: | 2023-02-19 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

But the Oracle of Omaha has missed out on this year’s stock market rally. Buffett, in fact, has promoted that idea to investors many times, arguing that most individual stock pickers will not be able to beat the market. And to his credit, that usually pays dividends: Berkshire stock was up 3% last year in a down market. “High rates of inflation create a tax on capital that makes much corporate investment unwise,” Buffett said in his 1980 shareholder letter to Berkshire investors. Investors will get several more clues about consumer spending this week when several top retailers report earnings.

☆ The Fed’s favorite inflation gauge will be the big market hurdle of next week
▼ + stars: | 2023-02-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Most important this week is Friday's core personal consumption expenditure (PCE) price index for January. In comparison, the consumer price index (CPI), released this past week, only tracks price changes over time. The market is expecting the core PCE price index to rise 0.4% monthly and 4.9% annually. In addition to the core PCE price index, we're going to be looking closely at the housing and utilities component. Lastly, the January producer price index came in hotter than expected, rising 0.7% from December versus expectations for 0.4% increase.

☆ Here are Credit Suisse's favorite stocks for February
▼ + stars: | 2023-02-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Credit Suisse refreshed its "top of the crop" stock picks for February, as the market tries to build on its strong start to the year. Despite the uncertain market backdrop, Credit Suisse highlighted several stocks it thinks can outperform going forward. Credit Suisse has a price target of $27 per share, implying upside of 18.2%. Credit Suisse also sees strong gains for software stock ServiceNow, with the bank's price target of $575 implying upside of more than 20%. Credit Suisse set its target price for shares at $830, implying a 15.2% upside from Tuesday's close.

☆ Another way to play the early 2023 market comeback: Volatile stocks that trade at a discount
▼ + stars: | 2023-02-07 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

For investors seeking ways to play this year's stock market comeback, looking at cheap, volatile names might lead to big gains. These stocks are all members of the iShares Russell Value ETF (IWD), and have a 3-year beta greater than 1.5. Alaska Air Group was identified as a high beta value stock, according to the screen. The carrier has a 3-year beta of 1.7, and 87% of analysts covering it rate it a buy. The semiconductor company has a 3-year beta of 2.1, and is recommended by 82% of analysts covering it.

☆ Here are Wednesday's biggest analyst calls: Tesla, Amazon, Robinhood, Microsoft, Sunrun, Block & more
▼ + stars: | 2023-01-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: BMO downgrades Microsoft to market perform from outperform BMO downgraded the stock after Microsoft's earnings report, noting it has concerns about Azure growth. Bank of America initiates Papa John's as buy Bank of America said the pizza chain stock is attractive and that it sees a return to growth. " Bank of America downgrades Booking Holdings to neutral from buy Bank of America said it sees "less valuation upside" for the online travel booking company. Bank of America downgrades Union Pacific to neutral from buy Bank of America it's concerned about "service and cost pressures" for Union Pacific. Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating heading into Amazon earnings, but it's concerned about Amazon Web Services following Microsoft's disappointing quarterly results.

☆ U.S. oil & gas M&A hit 17-year low; big firms dominate deals-report
▼ + stars: | 2023-01-24 | by ( Liz Hampton | ) www.reuters.com time to read: +2 min

Oil companies are also grappling with less productive wells, with some viewing asset purchases as a way to keep oil and gas flowing. Larger companies with better inventories tend to have a premium built into their stock, giving them more buying power, Enverus wrote. "It's a market where the rich get richer," said Andrew Dittmar, a director at Enverus who focuses on mergers and acquisitions. Publicly traded U.S. shale firm Diamondback Energy (FANG.O) added some 500 drilling locations to its portfolio by spending $3 billion to purchase Lario Oil & Gas and Firebird Energy during the fourth quarter. Diamondback's added inventory was "more of a luxury than a necessity," Dittmar said of those deals.

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