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☆ Euro zone inflation rises to 2.6% in July, above expectations
▼ + stars: | 2024-07-31 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Headline inflation in the euro zone unexpectedly rose to 2.6% in June, the European Union's statistics agency said Wednesday. In June, inflation had come in at 2.5%, easing slightly from the 2.6% of May. Economists polled by Reuters had been expecting the headline figure for July to be unchanged from June's reading at 2.5%. Core inflation, which excludes more volatile energy, food, alcohol and tobacco prices, hit 2.9% in July, versus a Reuters estimate of 2.8%. The inflation rates come just a day after the release of the zone's second quarter gross domestic product, which the European Union's statistics office said grew 0.3% in the three months to the end of June.

Organizations: Reuters, ECB Locations: Germany

☆ June pending home sales widely beats expectations in best print of the year
▼ + stars: | 2024-07-31 | 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 EmailJune pending home sales widely beats expectations in best print of the yearCNBC's Carl Quintanilla reports on the latest economic data to cross the tape.

Persons: Carl Quintanilla

☆ 'The worst thing you can do' after a data breach, according to a cybersecurity expert
▼ + stars: | 2024-07-30 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

When you get an email or see a headline telling you there has been a data breach at a company you do business with, the natural instinct may be to roll your eyes and go about your day. "People might say, 'Oh, here's another one and stick it in the drawer and don't do anything,'" says Michael Bruemmer, head of global data breach resolution at Experian. Practice good online hygieneUnless you're somehow operating off the grid, the odds are very high that a good chunk of your information is floating around on the web, cybersecurity experts say. Should a bad actor get ahold of your email address and password during a data breach, for instance, things can spiral further out of control, Skoudis says. "A password manager is a really good thing," says Bruemmer.

Persons: Michael Bruemmer, Ed Skoudis, Skoudis, you've, Skip QR, you'll Organizations: Theft, Ticketmaster, SANS Technology

51% of drivers do not trust their car insurance providers and car insurance costs continue to rise, up by 11.2% in 2023-2024. Get Car Insurance Quotes Compare affordable car insurance quotes online in minutes. How to shop for car insuranceIf you're in the market for car insurance, here's a step-by-step guide to finding the best and cheapest car insurance for you. Factors That Affect Car Insurance QuotesPersonal FactorsOne personal factor that affects your car insurance quotes is your age and gender. How to Compare Car Insurance Quotes FAQHow often should I compare car insurance quotes?

Persons: —, You'd, you've, You'll, you'll, Alani Asis Alani Asis, Forbes, She’s, Read Organizations: Get, Insurance Information Institute, Car Insurance, Liberty Mutual, Amica, Farm, Farmers Insurance, Liberty Mutual Teachers, Auto, Business, AARP, CNN, Fortune, U.S . News, Finance, University of Hawaii Locations: U.S, Manoa

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Roblox, Netflix, Amazon, Tesla, McDonald's, Affirm & more
▼ + stars: | 2024-07-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Loop initiates BrightView as buy Loop said it's bullish on shares of the commercial landscaping company. Evercore ISI reiterates Apple as outperform Evercore said it's bullish ahead of Apple earnings later this week. " Bank of America reiterates Roblox as buy Bank of America said it's standing by Roblox ahead of earnings on August 1. Deutsche Bank reiterates McDonald's as buy Deutsche said it's standing by the fast food giant following earnings. Bank of America reiterates Goldman Sachs as buy Bank of America said top pick Goldman Sachs has "cyclical/secular tailwinds."

Persons: Evercore, it's, Jensen Huang, Nvidia's Blackwell, Blackwell, KBW, Oppenheimer, Wells, Roblox, Tesla, McDonald's, Baird, Edward Jones, Goldman Sachs, ROE resiliency, Morgan Stanley, Wells Fargo Organizations: Apple, Citi, Nvidia, " Bank of America, of America, Barclays, UBS, Amazon, Netflix, Bank of America, JPMorgan, RBC, Tesla, Deutsche Bank, Deutsche, Whirlpool, underperform Bank of America, Abbott Laboratories, Abbott Labs, Edward, Stock, 2Q, PNC, WF

☆ We're upgrading Microsoft after earnings. The stock has pulled back enough lately
▼ + stars: | 2024-07-30 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Microsoft delivered an overall strong quarter after Tuesday's market close, but a miss on Azure revenue growth put shares under pressure in extended-hours trading. Office Consumer Products and Cloud Services revenue grew 3% as Microsoft 365 Consumer subscriptions grew 10% to 82.5 million. Windows Commercial Products and Cloud Services revenue increased 11%, driven by demand for Microsoft 365. Despite the solid fiscal Q1 outlook for Intelligent Cloud revenue, management guided Azure's constant currency revenue growth to 28% to 29%. Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024.

Persons: We're, Satya Nadella, Nadella, Amy Hood, Hood, That's, Jim Cramer's, Jim Cramer, Jim, Jason Redmond Organizations: Microsoft, Revenue, Nvidia, Broadcom, Devices, AMD, Investors, Products, Cloud Services, Consumer Products, Dynamics Products, Enterprise Mobility, Activision, Windows, —, Xbox, Management, CNBC, AFP, Getty Locations: OpenAI, pare, Redmond , Washington

Top Military Banks of 2024Compare the Best Military Banks and Credit UnionsThe best military banks and credit unions offer benefits to military members and their families. Competitive Rates and Low FeesThe best military credit unions and banks, just like the best credit unions and banks for civilians, offer great rates and low fees. The Best Military Banks and Credit Unions FAQsWhat advantages do military banks and credit unions offer over civilian banks? Military banks and credit unions provide services that address the challenges military members experience. For our guide we looked at military banks, military credit unions, and financial institutions that aren't specifically for the military but have products geared toward military members.

Persons: you'll, USAA, You'll, Chase, It's, Chase isn't, We've, JP Morgan Chase, Jeffrey Epstein's, Banks, Laura Grace Tarpley, Penny Hoarder, Read, Pulliam, Kit Pulliam, They’ve, Kit, Evelyn Organizations: Bank, Credit Union Military, Banks, Credit, Service, Department of Defense, Service Credit Union, Service Credit, American Consumer, Navy Federal Credit Union, Federal Credit Union, Pentagon Federal Credit Union, DC, Security Service Federal Credit Union, Security, Security Service, UT, Stripes, Chase Bank Start, Chase Bank, Chase, Military, Apple, USAA Bank, Navy, PLUS, Navy Federal Free, Federal, Visa, Pentagon Federal Credit, Cross, . Security, Air Force, Army, Coast Guard, Marines, National Guard, Survivor, Credit Unions, Better, U.S . Virgin, SEC, Futures, Banking, Financial, Chevron, Business, Finance, National, Real, Business Insider, Tax, Vanderbilt University, Personal Finance Locations: United States, New Hampshire , North Dakota , Massachusetts, Germany, Europe, NY, Colorado , Maryland , New York, Texas, California , Florida, Georgia, Hawaii , Maryland , Nebraska , New Jersey, New Mexico , New York, North Carolina , Pennsylvania, Virginia, Guam , Puerto Rico, Japan, Colorado , Texas, Utah, Alaska, Hawaii, reimbursements, of New Hampshire, Massachusetts, England, Luxembourg, USAA, North America, Africa, Asia, Canada, States, Louisiana , New Mexico , Oklahoma, Chevron

The Best Banks and Credit Unions in GeorgiaCapital One 360 Checking: Best bank for opening a savings account and best online checking accountRegions Bank: Best bank for opening a checking accountDelta Community Credit Union: Best credit unionCredit Union of Atlanta: Best credit union, tiedAll of the financial institutions on our list are protected by FDIC or NCUA insurance. Some banks and credit unions that we recommend are Capital One 360, Regions Bank, Delta Community Credit Union, and Credit Union of Atlanta. We chose Delta Community Credit Union and Credit Union of Atlanta as the best credit unions in Georgia. Yes, there are U.S. banks and credit unions that operate in Georgia, such as Delta Community Credit Union and the Credit Union of Atlanta. Best Credit UnionYou might like Delta Community Credit Union if you want to use a credit union instead of a bank.

Persons: you'll, Sophia Acevedo, Tania Brown, It's, Mykail James, CFEI, Roger Ma, Sophia, Axel Springer, Education Sophia, Evelyn, Read Organizations: FDIC, Capital, Regions Bank, Delta Community Credit Union, Credit Union of Atlanta, Banks, Credit Unions, Georgia Capital, Bank, Delta Community Credit, Utah Free, Best, Truist, Truist Bank, Bank of America, Federal Deposit Insurance Corporation, National Credit Union Administration, Credit Union of, Credit Union of Atlanta . Georgia Bank, Business, Best Bank, Savings, Metro, Network, . Delta Community Credit Union, Delta Air Lines, US Citizen, Credit Union, The Credit Union of Atlanta, US Department of Treasury's, Financial, Fund . Credit Union of Atlanta, Atlanta ,, Better, Bureau, Regions, Consumer Financial, American, Finance, Education, California State University Fullerton, Angeles, Personal Finance Locations: Georgia, NY, LA, TX, VA, NJ, Washington, Metro Atlanta , Georgia, Kentucky , Texas, Atlanta, Chevron, Wells Fargo, U.S, Credit Union of Atlanta, There's, Metro Atlanta, Bahamas, Canada, Puerto Rico, Atlanta , Zoo Atlanta, California

☆ 'Potential boost from TikTok uncertainty': Here's what Wall Street expects from Meta's 2nd-quarter earnings
▼ + stars: | 2024-07-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Read previewAll eyes are on Meta Platforms with the company set to report its second-quarter earnings results after the market close on Wednesday. AdvertisementHere's what Wall Street expects from Meta's second-quarter earnings report. Looking forward, Post highlighted that a potential TikTok ban in early 2025 could provide a big boost to Meta's advertising business. Advertisement"With political spend, and potential TikTok ban in 1Q'25, Meta could also see an ad spend benefit in 2H'24," Post said. The company also has the potential to offer guidance on the monetization potential of its licensing of Llama, its open-source large language model.

Persons: —, Meta, Justin Post, Ronald Josey, Josey, Wells, Wells Fargo, Ken Gawrelski, Gawrelski, Mizuho, James Lee, Lee, Mandeep Singh, Singh Organizations: Service, Meta, Nvidia, it's, Business, Bank of America, Citi, Cannes, Mizuho, Bloomberg Intelligence Locations: monetizing, Wells Fargo

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Persons: Banks, Charles Schwab, Cash, you'll, Chase, Chase Sapphire, Schwab, you've, JP Morgan Chase, Jeffrey Epstein's, it's, You'll, Mykail James, Sophia Acevedo, Tania Brown, Roger Ma, James, Sophia, Axel Springer, Education Sophia, Evelyn, Read Organizations: Credit, Chase Bank, Best, Bank, Business, Axos, Axos Bank, Credit Union, Connexus Association, Chase, Start, JPMorgan Chase Bank, Chase Sapphire Banking, Chase Sapphire ℠ Banking, Chase Mobile, Chase Sapphire, Chase Sapphire ℠, Schwab, Charles, Charles Schwab Bank, Bank Best, East Coast, TD Bank, FDIC, NBKC Bank, U.S . Virgin, SEC, Alliant Credit Union, Ally, Bank5, Bethpage Federal Credit Union, CIT Bank, Connexus Credit Union, Discover, NBKC, Salem, Service Credit Union, SoFi, TIAA Bank, MasterCard, Finance, Savings, Education, California State University Fullerton, Angeles, Personal Finance Locations: Connexus, Minnesota , Ohio, Wisconsin, Alaska, Hawaii, Puerto Rico, United States, East, East Coast, Connecticut , Delaware, Florida , Maine , Maryland , Massachusetts, New Hampshire , New Jersey , New York, North Carolina , Pennsylvania, Rhone Island, South Carolina, Vermont, Chevron, Bethpage, NBKC Bank, U.S, California

☆ European markets set to start the new trading week higher as earnings season continues
▼ + stars: | 2024-07-29 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — European markets were poised to open higher Monday as investors digest U.S. inflation data and look ahead to another busy week of earnings and central bank meetings. The pan-European Stoxx 600 closed higher on Friday as a global stock selloff eased and investors reacted to a U.S. personal consumption expenditures price print that came in in line with expectations. The slew of earnings releases continues this week, with Heineken, Philips, Pearson and Associated British Foods all reporting during the session. Asia-Pacific markets climbed on Monday, with Japan's Nikkei 225 leading gains in the region as the U.S. inflation print raised hopes for a rate cut. U.S. stock futures, meanwhile, were also higher ahead of a continued slew of corporate earnings stateside.

Organizations: Heineken, Philips, Pearson, British Foods, Federal Reserve, Bank of England, Japan's Nikkei Locations: Asia, Pacific

☆ Ohio hiker rescued after missing for 14 days in Kentucky’s rugged wilderness
▼ + stars: | 2024-07-27 | by ( Christina Zdanowicz | Brammhi Balarajan | ) edition.cnn.com time to read: +6 min

The moment the good news came over the radio was “exhilarating,” Wolfe County Search and Rescue Chief John May told CNN. The search began on July 16, when Hern’s family realized where he had gone and contacted the search group, May told CNN. That night, a team searched for Hern until after midnight, but they couldn’t find him, the Wolfe County rescue group posted on Facebook. After July 8, Hern told rescuers he didn’t eat or drink anything, as his mouth was too dry to do so. From Wolfe County Search & RescueHern was hospitalized and was not able to walk on his own, the rescue group wrote on Facebook on July 22, two days after his rescue.

Persons: Scott Hern, ” Wolfe, John May, “, ”, “ It’s, hadn’t, Wolfe, ” May, Hern’s, May, Eric Wolterman, Hern, Wolterman, ” Wolterman, “ Scott Hern, I’m, “ We’ve, –, Hearn, rehydrate, ” CNN’s Tanika Gray Organizations: CNN, US Forest Service, WLEX, Facebook, Team, Kentucky State Police Locations: An Ohio, Kentucky, Wolfe, Ironton , Ohio, Wolfe County, Ohio, Bell Falls

☆ 14 earnings, jobs and the Fed are what we're watching in the market this week
▼ + stars: | 2024-07-27 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

As for Club earnings, we got positive results from life sciences company Danaher and industrial firm Dover. Ford was a major disappointment and its nearly 20% stock drop for the week was the worst performer in the portfolio. In the week ahead, it's going to be another big week of earnings with the four mega-cap names and 10 other Club names set to report. Linde : We're looking for more of the same — steady earnings growth; 6% is the Street estimate. End market commentary will also help us better formulate our view of the economy — and in turn the stock market.

Persons: Russell, Jerome Powell's, Ford, Stanley Black, Decker, We're, we'll, Elliott, we've, We'll, Kraft Heinz, Vita Coco, COCO, Lam, SIRI, WEN, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Nasdaq, Dow, Communication, Honeywell, YouTube, Procter & Gamble, Devices, Microsoft, Starbucks, GE Healthcare, DuPont, Meta, Apple, Coterra Energy, Linde, Silo AI, Elliott Management, GE HealthCare, Amazon, Apple Intelligence, U.S, Labor, Fed, Networks, Procter, Gamble, PayPal, Pfizer, BP, JetBlue Airways, Merck, Solar Inc, Caesars Entertainment, Electronic Arts, EA, Nation Entertainment, Boeing, Cruise, Mastercard, Teva Pharmaceutical, Hess Corp, Arm Holdings, Qualcomm, Lam Research, Western, eBay, EBAY, MGM Resorts, MGM, ConocoPhillips, Mobileye, Canada Goose Holdings, Hershey, Toyota, Dominion Energy, Air Products & Chemicals, Southern Company, International, Coterra Energy Intel, Coinbase, Booking Holdings, LIN, Exxon Mobil, Chevron, LyondellBasell Industries, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: Dover, Eaton, Amazon, China, destocking, Corning, New York City

☆ We're again trimming a red-hot Fed rate cut stock and signaling another portfolio move
▼ + stars: | 2024-07-26 | by ( Zev Fima | ) www.cnbc.com time to read: +3 min

Shares of Stanley Black & Decker were on the move again Friday, adding another 7%, following the morning release of the Federal Reserve's favorite inflation gauge. We've said all along that Stanley Black & Decker would benefit from lower borrowing costs. Stanley Black & Decker brands, which also include Dewalt and Craftsman, are needed for that kind of work. Stanley Black & Decker trim SWK YTD mountain Stanley Black & Decker YTD With Stanley Black & Decker set to deliver earnings Tuesday and its stock now up more than 10% this week, the bar for a strong quarterly print is that much higher. That's why we're leaving a nice-sized chunk of Stanley Black & Decker shares in our portfolio going into the report.

Persons: Stanley Black, Decker, Jim Cramer's, We've, We're, we're, Jim Cramer, Jim Organizations: Stanley, CNBC

☆ Stock market today: Indexes rebound as inflation data reinforces Fed rate-cut bets
▼ + stars: | 2024-07-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks rose Friday morning, regaining momentum after three days of losses. Instead, investors indicated 87.7% odds of a 25-basis point cut, and 11.9% odds of a 50-basis point cut. This week, creeping doubt in large-cap tech stocks rally spurred investors to rotate out of the sector, pulling both indexes down 3.67% and 2.6% through the past week, respectively.

Persons: —, Fitch, Olu Sonola Organizations: Nasdaq, Service, PCE, Federal, Treasury Locations: Here's

☆ Jim Cramer slams Ford on post-earnings plunge, says lack of buyback is outrageous
▼ + stars: | 2024-07-25 | by ( Paulina Likos | ) 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. What we've been seeing in the market lately is a "classic pullback," Jim Cramer said Thursday. 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, Russell, Ford, management's, Jim, We're, Jim Cramer's Organizations: CNBC, Nasdaq, Nvidia, Ford Pro Locations: Wednesday's

☆ Here's a sell-off strategy to take advantage of the painful market rotation out of tech stocks
▼ + stars: | 2024-07-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Those are our only "own, don't trade" stocks, and they may hold the key to the rest of tech. 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, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Apple, Nvidia, Club, Broadcom, AMD, Juniper Networks, Digital Realty Trust, Boston Beer, Bristol, Myers, Charter Communications, Colgate, Fed, Jim Cramer's Charitable Locations: Dexcom, Sketchers, Texas

☆ Shares of Gucci-owner Kering hit seven-year low after weak forecast, revenue drop on low China sales
▼ + stars: | 2024-07-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Shares in Gucci-owner Kering fell on Thursday, after the luxury group announced a sharp decline in revenue in the first half of the year and issued a weak forecast for the remaining six months of the year. Kering shares dropped as much as 9% as markets opened, trading around levels last seen in August 2017. "There was a marked deceleration in China, while trends did not improve greatly in North America and Europe," Kering added. Gucci posted the worst first-half performance of these brands, with revenue shedding 18% on a comparable basis. Kering is the latest in a series of luxury brands to log declines, with the world's largest luxury group LVMH reporting lower-than-expected sales earlier this week.

Persons: Gucci, Kering, Yves Saint Laurent, Bottega, Luca Solca, Bernstein, CNBC's, it's, Solca Organizations: Gucci, Wednesday, Japan Locations: New York City, London, Japan, China, North America, Europe

☆ How Trump could replace JD Vance if the Ohioan's terrible polling continues
▼ + stars: | 2024-07-25 | by ( Alice Tecotzky | Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

While Trump insists he's sticking with Vance, the senator's poor polling combined with Vice President Kamala Harris' momentum has led some to ask: Could Trump replace Vance? The Democratic and Republican National Committees have separate rules governing how they fill vacancies of presidential or vice presidential nominees. Related stories"I think sometimes what people forget is that people start voting in September," Dacey told Business Insider. It would be, he said, "extraordinarily disruptive" both logistically and politically to replace Vance as the vice presidential nominee. In 2020, there were rumors he would replace former Vice President Mike Pence on his ticket.

Persons: —, Sen, JD Vance, Donald Trump's, Trump, Vance, Kamala Harris, Amy Dacey, Dacey, Kenneth Mayer, Mayer, Glenn Youngkin, Harris, Mike Pence, he's, George McGovern, Thomas Eagleton of, Eagleton, McGovern Organizations: Service, Trump, Republican Party, Business, Democratic, Republican National Committees, Republican National Committee, Democratic National Committee, Sine Institute of Policy, American University, University of Wisconsin -, CNN, Punchbowl, Republican National Convention, Gov, Fox News Locations: Ohio, University of Wisconsin - Madison, Virginia, Thomas Eagleton of Missouri

☆ Here are Thursday's biggest analyst calls: Apple, Dell, Super Micro, ServiceNow, Ford, CrowdStrike
▼ + stars: | 2024-07-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Thursday's biggest calls on Wall Street: Bank of America reiterates IBM as buy Bank of America said the "portfolio is delivering" despite the company's mixed earnings report on Wednesday. Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's sticking with Ford as a top pick following earnings on Wednesday. Bank of America reiterates CrowdStrike as buy Bank of America lowered its price target to $365 per share from $400 but said it's sticking with the stock. Barclays reiterates Super Micro Computer as overweight Barclays said it's sticking with its overweight rating heading into earnings in early August. " Bank of America reiterates Birkenstock as buy Bank of America said the stock "warrants a higher multiple."

Persons: Mizuho, ServiceNow, Morgan Stanley, Ford, KeyBanc, Baird, AAPL, Price, LULU, Goldman Sachs, Dell, Goldman, Roper, CBRE, it's, CrowdStrike, Susquehanna, Bank of America downgrades Lamb Weston, Lamb Weston, Chipotle, Piper Sandler, Marvell, Piper, Birkenstock Organizations: Bank of America, IBM, Infrastructure, Consulting, Mizuho, Software, Ford, Apple, BMO, Citi, Dell, DELL, Roper Technologies, " Bank of America, Meta, AMD, SOX, JPMorgan, GE, Deutsche Bank, Deutsche, Barclays, AMC, Sirius XM, Davidson, Polaris

☆ Europe stocks set to open lower amid global downturn; earning season ramps up
▼ + stars: | 2024-07-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The Unilever headquarter building seen by the Nieuwe Maas river in Rotterdam. LONDON — European markets are heading for a lower open Thursday, with a flurry of corporate earnings and a selloff on Wall Street in focus. The U.K.'s FTSE 100 was last seen opening 19 points lower at 8,132 points, according to IG data, with Germany's DAX and France's CAC 40 down by 80 points and 45 points, respectively. The pan-European Stoxx 600 index closed 0.6% lower on Wednesday as second-quarter earnings season ramped up. Data will be released on German consumer confidence and euro zone and U.K. business activity, ahead of next week's euro zone gross domestic product second-quarter print.

Persons: Germany's DAX, carmakers Stellantis, Roche Organizations: Unilever, LONDON, CAC, MIB, Nestle, carmakers, Renault, Nasdaq, Deutsche Bank, Nikkei, U.S, Reuters, Bank of Locations: Rotterdam, Swiss, U.S, Asia, Pacific, Bank of Japan

☆ Wall Street analysts see more downside ahead for Tesla as latest earnings report lacks 'razzle dazzle'
▼ + stars: | 2024-07-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Wall Street is bracing for a rocky road ahead for shares of Tesla on the heels of a messy second-quarter print. That week Tesla shares rallied more than 27% to briefly erase a year-to-date loss . UBS analyst Joseph Spak noted the current stock price reflects a investors ascribing a "hefty value" to these plans. His $120 price target implies about 28% downside from Tuesday's close. Piper Sandler's Alexander Potter upped his price target to $300 from $205 a share, citing expectations for a faster-than-expected rollout of full self-driving (FSD) capabilities.

Persons: Tesla, Wells Fargo's Colin Langan, Cantor Fitzgerald, Pierre Ferragu, Goldman Sachs, Mark Delaney, Delaney, Joseph Spak, Spak, Toni Sacconaghi, Piper Sandler's Alexander Potter, Baird's Ben Kallo, Stephen Gengaro Organizations: Tesla, UBS, EV Locations: 1H25

☆ Here are Wednesday's biggest analyst calls: Tesla, Spotify, Apple, GM, Alphabet, Imax, Disney & more
▼ + stars: | 2024-07-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: RBC upgrades Estee Lauder to outperform from sector perform RBC said it sees an attractive risk/reward. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by shares of Tesla following the release of disappointing earnings. Morgan Stanley initiates Biohaven as overweight Morgan Stanley said it sees "value creation" for the biotech company. Morgan Stanley downgrades General Motors to equal weight from overweight Morgan Stanley said it sees a more "balanced" risk/reward for shares of GM. " Cantor Fitzgerald downgrades Tesla to neutral from overweight Cantor downgraded Tesla following earnings on Tuesday.

Persons: Lauder, Raymond James, Taylor Morrison, it's, Morgan Stanley, Tesla, Tesla's, TD Cowen, JFrog, Cowen, Lockheed Martin, Goldman Sachs, Goldman, Smith, Stifel, GOOGL, Jefferies downgrades, Gamble, Jefferies, Piper Sandler downgrades Ulta, Piper, Gordon Haskett, Joel Anderson, Cantor Fitzgerald downgrades Tesla, Cantor Organizations: RBC, Taylor Morrison Homes, Tesla, Lockheed, Spotify, JPMorgan, Garden Entertainment, Apple JPMorgan, Apple, Jefferies downgrades Colgate, Palmolive, Procter, Colgate, Gamble, Deutsche Bank, Deutsche, Motors, GM, Barclays, Disney, Universal Studios, Davidson Locations: GenAI, Malibu

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Persons: You'll, U.S . Bank Overdraft, It's, Wells, you'll Organizations: U.S, Bank, U.S . Bank, . Bank, Bank Smart, Start Banking U.S, Branch, Overdraft Protection U.S . Bank, overdrafts, Federal Insurance U.S, FDIC, U.S . Bank Mobile, Pinnacle, U.S . Bank Smart Rewards, Apple, Google, Banking, Consular, Bank Customer Service, Chase Bank Review U.S, Business, Bank Smart Rewards, Chevron, Samsung, PayPal, Garmin Locations: Midwest, West Coast, U.S, overdrafts, Wells Fargo, Chevron

(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. "At this point, we believe EPS and investor sentiment have troughed and believe the risk-to-reward profile skews favorable," wrote analyst Nik Modi. "However, with minimal upside to our revised $47 price target and a relatively 'balanced' risk-reward between our $28 bear case …. –Samantha Subin 5:54 a.m.: Wall Street stands by Alphabet, AI potential post-earnings Wall Street analysts remain bullish on the outlook for Alphabet , even after the stock fell on the back of its second-quarter results. His price target of $425, up from $320, implies upside of more than 28% from Tuesday's close.

Persons: Goldman Sachs, Lauder, Estee Lauder, Nik Modi, Modi, Estee, – Samantha Subin, Morgan Stanley downgrades, Morgan Stanley, Adam Jonas, Jonas, Samantha Subin, Dan Levy, Tesla, Michaeli, Bernstein's Toni Sacconaghi, Mark Delaney, GOOGL, Doug Anmuth, Justin Post, Eric Sheridan, Brent Thill, Sheridan, Fred Imbert Organizations: CNBC, Spotify, RBC, Markets, Motors, GM, General Motors, Tesla, Barclays, YouTube, Bank of America, Google, Jefferies Locations: China, 1H25, Tuesday's

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