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☆ Having your shelves filled with Stanley tumblers is not the point of the cup
▼ + stars: | 2024-01-21 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

America's hottest reusable water container has a sustainability problem. This story is available exclusively to Business Insider subscribers. On TikTok, influencers are showing off their shelves full of Stanley Tumblers, each in different colors. For one, as CBC News pointed out, Stanley does not offer any product recycling options. PMI Worldwide, the parent company of Stanley, did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: Stanley tumblers —, Stanley Quencher H2.0, Stanley, Stanley Tumblers, Katie Notopoulos, Jessica Heiges, WSP, Heiges, Myra Hird, " Hird, Kathryn Coduto Organizations: Service, Business, CNBC, Wired, CBC, Queen's University, Boston University, PMI, Business Insider

☆ A low-cost trade that wins if the S&P 500 breaks out and heads for 5,000 next
▼ + stars: | 2024-01-19 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

After a stuttering start to 2024, the S & P 500 has found its way into positive territory and the benchmark seems poised to establish a new all-time close Friday, surpassing the 4,800 level which served as resistance back in January of 2022. My optimism on U.S. equities is predicated on the continued strength of the U.S. consumer and our economy but, I believe the real reason for the S & P 500 to possibly run up and kiss 5,000 is because of the underinvested bears. SPY 5Y mountain SPDR S & P 500 (SPY), 5 years Investors will remain focused on continuous Fed messaging specific to the timing of the rate cuts in the wake of the Fed's telegraphed pivot from being hawkish to dovish in the fourth quarter. The trade: To reduce the cost of simply being long an at-the-money SPY call, I want to buy a call spread. DISCLOSURES: (Long SPY and long this call spread) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Persons: TSM Organizations: Federal Reserve, Taiwan Semiconductor Locations: dovish, SOXX

☆ A hedged options bet on Tesla's run to continue into January
▼ + stars: | 2023-12-20 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

One word we will all say (most likely at nauseum) in 2024 is Optimus (Tesla's bipedal robot). Optimus was toting a gun and fired multiple shots on the new Cybertruck to reveal its bulletproof capabilities. Musk said Optimus would use the same technology and software as Tesla's vehicles, such as the Autopilot system and the Full Self-Driving computer. One of the multiple benefits germane to Tesla stock would be having these Optimus bots assist on the Tesla production line. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Tesla, Elon Musk's, Optimus, Musk Organizations: AMD, Optimus, Elon, Tesla

☆ Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend
▼ + stars: | 2023-12-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Occidental will issue $9.1 billion in debt and about $1.7 billion in common stock to finance the transaction. Occidental Petroleum on Monday agreed to buy CrownRock , a major privately held energy producer that operates in the Permian Basin, for $12 billion. Occidental CEO Vicki Hollub said the company is purchasing CrownRock to increase its scale in the Midland Basin. Occidental is the ninth-largest energy company in the U.S. with a market capitalization of $49.7 billion. Occidental's purchase of CrownRock is the third major deal in the energy sector in less than two months.

Persons: Vicki Hollub, Hollub, CNBC's, CrownRock, Timothy Dunn, Warren Buffett's, Warren Buffett's Berkshire Hathaway, Berkshire Hathaway, Buffett, Carl Icahn, Enverus, Weeks, Hess Organizations: Midland Basin, U.S . Energy Information Administration, U.S, Occidental Petroleum, Occidental, Endeavor Resources, Houston, Lime Rock Partners, Warren Buffett's Berkshire, Anadarko Petroleum, Exxon Mobil, Natural Resources, Chevron, Pioneer, Texas Intermediate, CNBC, Energy Information Administration Locations: Occidental, Midland, Texas, U.S, Warren, Berkshire, CrownRock

☆ Reluctant to chase the rally? How to bet on a year-end pop with options
▼ + stars: | 2023-12-04 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

The CBOE Volatility Index (VIX) Index , which closed Friday at 12.63 is currently approaching 5-year lows. It is calculated from the prices of S & P 500 index options. Investors can speculate in VIX futures or VIX futures options, but understanding the futures "term structure" (how the prices of various futures of different expiration relate to each other) isn't that straightforward. Consider the following chart of the Barclays iPath S & P 500 (VXX) , an exchange traded note which is intended to track the S & P 500 short-term VIX futures total return index vs. the VIX Index itself. If one is inclined to make a bullish bet, but is reluctant to get caught "chasing" after the market has already rallied sharply, perhaps we can take advantage of the fact options prices are well below average.

Persons: VXX Organizations: Barclays iPath, Broadcom, Dollar Locations: New York City, VXX, SPDR

☆ Top Wall Street analysts expect these dividend stocks to enhance total returns
▼ + stars: | 2023-12-03 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Dividend-paying stocks give investors a combination of potential price appreciation and income, which can enhance total returns. Bearing that in mind, here are five attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. (See Sunoco Hedge Funds Trading Activity on TipRanks)VICI PropertiesOur next dividend stock is VICI Properties (VICI), a real estate investment trust. For the third quarter, the company declared a cash dividend of $0.415 per share, reflecting a 6.4% increase. For the third quarter, the company declared a cash dividend of $2.09 per share, payable on Dec. 14.

Persons: Mike Blake, Wall, Elvira Scotto, Scotto, TipRanks, Sunoco, VICI, Simon Yarmak, Yarmak, Christopher Horvers, Horvers Organizations: Reuters, Energy, Crestwood Equity Partners, RBC Capital, MGM, North American, JPMorgan, TipRanks, Walmart Locations: Encinitas , California, U.S, Crestwood, Vegas

☆ Euro zone factory downturn eased a touch in November -PMI
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Ina Fassbender/File Photo Acquire Licensing RightsLONDON, Dec 1 (Reuters) - The broad-based downturn in euro zone manufacturing activity eased slightly last month but the sector remained deeply rooted in contractionary territory, prompting factories to trim staffing levels for a sixth straight month. HCOB's final euro zone manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 44.2 in November from October's 43.1, above a preliminary estimate of 43.8. An index measuring output, which feeds into a composite PMI due on Tuesday and seen as a good gauge of economic health, climbed to 44.6 from 43.1. "November has not been the prettiest, and this does not refer only to the weather but also to the situation in the manufacturing sector of the euro zone," said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank. The employment index dropped to a low not seen since August 2020 when the COVID-19 pandemic was cementing its grip on the world.

Persons: Ina Fassbender, Cyrus de la Rubia, Rubia, Jonathan Cable, Toby Chopra Organizations: ThyssenKrupp AG, REUTERS, P, Hamburg Commercial Bank, Thomson Locations: German, Duisburg, October's, Hamburg

☆ Wealth Assistants claimed it would help its clients make money on Amazon. Clients said they 'lost everything' instead.
▼ + stars: | 2023-11-30 | by ( Madeline Stone | Jack Newsham | ) www.businessinsider.com time to read: +17 min

Wealth Assistants also said that if clients didn't break even in the first year, they would get their money back. BI spoke with 16 people who invested between $35,000 and $100,000 each to work with Wealth Assistants and said they lost their money. Ten days later, Wealth Assistants said it laid off its roughly 75 employees and planned to shut down by December 1. Selling customers on the entrepreneur lifestyleMany Wealth Assistants clients said they were drawn by the opportunity to generate passive income. Cart.com sent Wealth Assistants a formal notice of termination in the fall after Wealth Assistants stopped paying its invoices earlier in the year, the representative said.

Persons: Mike Wimmer, Wimmer, they're, I'm, Ryan Carroll, Max K, Max O, —, Carroll, Carroll didn't, we're, Tina Luk, breakeven, Seth Hamilton, Andrew Pou, Suzy Arriola, Saheb Sabharwal, Cart.com, Moe O'Neil, weren't, Max, you've, it's, they've, We've, we've, Madeline Stone, Jack Newsham Organizations: Business, ., Federal Trade Commission, Amazon, Products, Nobu Dallas, Lamborghini, Facebook, Wealth, BI, FTC, DK Automation Locations: China, Texas, Nobu, California, Houston, Pennsylvania, mstone@insider.com

☆ A comeback bet on a cheap drug stock that's missed the market rally and is at a 52-week low
▼ + stars: | 2023-11-29 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

In a market that is trending higher, most stocks are trading at levels where the risk/reward is unfavorable to enter new long positions. During times like these, a contrarian view is required to find bullish opportunities where the risk/reward balance is still favorable. One such stock that is unloved by most analysts and trading at a new 52-week low is Bristol-Myers Squibb (BMY) , but that is why I think it's worth investigating. After declining nearly 40% over the past 12 months, BMY is starting to approach levels that should interest a long-term investor. Additionally, multiple drugs in their pipeline that have been approved this past year are starting to see strong quarter-over-quarter sales growth.

Persons: BMY Organizations: Myers Squibb, FDA Locations: Bristol

☆ 2023 was the auto industry's year of EV investment, but consumers still prefer hybrids
▼ + stars: | 2023-11-28 | by ( Brian Evans | ) www.cnbc.com time to read: +7 min

Hybrid vehicle market share has picked up pace in 2023 despite all the investment pouring into EVs. From October 2022 to October of this year, total vehicle market share for hybrids grew from 6.5% to 11.4%, according to data from Edmunds. Over the same time period, EV market share growth was more sluggish, expanding from 6% to 7.5%. Toyota 's 2024 Prius, often called the "gold standard" in hybrid vehicles, was named MotorTrend's car of the year. The uptick in hybrid sales won't likely spell doom and gloom for the EV market over the long-term.

Persons: Stephanie Valdez Streaty, Valdez Streaty, Edmunds, Goldman Sachs, Tesla, Mark Delaney, David Christ, Honda, Michelle Krebs, Sienna, Krebbs, Ford, Dan Levy, Levy, EVs, headwinds, BEV, Tom Narayan Organizations: Cox Automotive, Ford, General Motors, Wall, Toyota, ICE, EV, Toyota Motor's, Wall Street, Los Angeles Auto, FactSet, Tesla, Barclays, GM, Biden, U.S, BMO Capital Locations: Edmunds, U.S

☆ Investors were betting big on crypto and some commodities with options during slow Thanksgiving week
▼ + stars: | 2023-11-27 | by ( Michael Khouw | ) www.cnbc.com time to read: +7 min

The 2.7 million individual trades were far lower than the 5.2 million trades from the Friday a week prior. In fact, the options market itself is saying there is only a 10% chance these calls expire in the money. Call spread risk reversal: Bought MSTR Dec. $600 call $15.40 Sold MSTR Dec. $650 call $8.85 Sold MSTR Dec. $430 put $7.20 Net credit = 65 cents When one sells a downside put one is taking the risk of purchasing the underlying at the strike of the put that is sold. The options flow in these ETFs suggests traders are betting on lower oil and gas prices. Several big names will be reporting earnings, here is a table of those that have weekly options, their earnings-related implied moves, and our options sentiment score.

Persons: Crypto, MARA, outpacing, ProShares UltraShort Organizations: Coinbase Global Inc, Marathon Digital Holdings, Microstrategy Inc, Bollinger Bands, Bloomberg, Oil, ProShares, Gas, ProShares UltraShort Bloomberg, United States Oil Fund, Hecla Mining Co, Royal, Inc, Intuit, Marvell Technology Locations: United States, Opec, Hecla, Kroger

☆ Euro profits from better euro zone data; U.S. market shut
▼ + stars: | 2023-11-23 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

REUTERS/Marcos Brindicci/File Photo Acquire Licensing RightsLONDON, Nov 23 (Reuters) - The euro edged up on Thursday after data suggested the downturn in the euro zone economy may be starting to ease, although holidays in the U.S. and Japan kept trading activity muted. Earlier in the day, the euro rose against most other major currencies, following the surveys. The survey showed the euro zone economy is on track to contract again in the fourth quarter. Its PMI rose to 43.8 from 43.1, beating the poll expectation for 43.4 but was still below breakeven. The euro was up last up 0.18% on the day at $1.09075, having traded as high as $1.0931 earlier in the day.

Persons: Marcos Brindicci, There's, Michael Brown, Brown, Geert Wilders, Sterling, Jeremy Hunt, Changpeng Zhao, Bitcoin, Vidya Ranganathan, Lincoln, Emelia, Marguerita Choy, Christina Fincher Organizations: REUTERS, PMI, Saxo Bank, British, Federal, University of Michigan, Fed, Bank of Japan, Thomson Locations: Buenos Aires, Argentina, U.S, Japan, Germany, EU, Wednesday's, Netherlands, Singapore

☆ Euro bounces as investors cling to sliver of positive euro zone data
▼ + stars: | 2023-11-23 | by ( Amanda Cooper | ) www.reuters.com time to read: +5 min

REUTERS/Marcos Brindicci/File Photo Acquire Licensing RightsLONDON, Nov 23 (Reuters) - The euro rose on Thursday for the first time this week, after data suggested the downturn in the euro zone economy may be starting to ease, although holidays in the United States and Japan kept trading activity muted. The euro rose broadly, gaining the most against the Swedish crown , after the Swedish central bank left rates unchanged, while also gaining on the yen and the Swiss franc. The survey showed the euro zone economy is on track to contract again in the fourth quarter. Its PMI rose to 43.8 from 43.1, beating the poll expectation for 43.4 but was still below breakeven. Sterling was last up 0.5% on the day at $1.2558, having risen to a high of $1.2575 after the PMI data.

Persons: Marcos Brindicci, There's, Michael Brown, Brown, Geert Wilders, Sterling, Jeremy Hunt, Jeff Ng, Changpeng Zhao, Vidya Ranganathan, Lincoln, Emelia Organizations: REUTERS, Swiss, PMI, European Central Bank, Fed, University of Michigan, Sumitomo Mitsui Banking Corporation, Markets, Bank of Japan, Thomson Locations: Buenos Aires, Argentina, United States, Japan, Germany, Swedish, EU, Wednesday's, Netherlands, Asia, Singapore

Agriculture has suffered losses of over $25 billion since the war began, Ukrainian grain trader association UGA estimates. Ukraine's grain exports so far in the 2023/24 season that started in July are running 28% below the year-earlier volume, according to agriculture ministry data. A new Black Sea shipping channel may offer a lifeline, like for Ukraine's depleted steel industry. An additional 943,000 tons should leave from Black Sea ports and 464,000 tons from the Danube by the month-end. A Russian missile strike on port infrastructure in Odesa on Nov. 21 added to a series of attacks on Ukraine's Black Sea and Danube grain ports.

Persons: Stringer, Jean, Francois Lepy, Dmitry Skornyakov, Denys Marchuk, Skornyakov, Yuriy Stelmakh, Roman Gorobets, Soliman, Scott Wellcome, Pavel Polityuk, Gus Trompiz, Nigel Hunt, David Evans Organizations: REUTERS, Agriculture, UGA, Spike, Agrarian Council, FE ASTRA, Kremlin, Mediterranean, Thomson Locations: Ukraine, Zaporizhzhia region, PARIS, Russia, UN, Geneva, Black, Russian, Odesa, Romania's Constanta, Brazil, Egypt, GoodMills, Kyiv, Paris, London

☆ Euro zone business activity fell again in November
▼ + stars: | 2023-11-23 | by ( Jonathan Cable | ) www.reuters.com time to read: +3 min

LONDON, Nov 23 (Reuters) - The downturn in euro zone business activity eased in November but remained broadbased, suggesting the bloc's economy will contract again this quarter as consumers continue to rein in spending, a survey showed. "Ongoing weakness in the euro zone business surveys suggests a recession is on the horizon. The new business index rose to 46.7 from 45.6. Manufacturing activity, which has contracted every month since July 2022, fell again in November. Its PMI rose to 43.8 from 43.1, beating the poll expectation for 43.4 but resolutely below breakeven.

Persons: Mike Bell, Stephane Mahe, Bert Colijn, Jonathan Cable, Christina Fincher Organizations: PMI, P Global, Reuters, Morgan Asset Management, REUTERS, European Union, ING, Thomson Locations: October's, J.P, France, Nantes, Britain

☆ US consumers worry inflation will pick up again, UMich survey finds
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +3 min

"These expectations have risen in spite of the fact that consumers have taken note of the continued slowdown in inflation," survey Director Joanne Hsu said in a statement. But progress this year has been inconsistent, and Fed officials remain wary of the potential for a reversal. That said, the University of Michigan survey results are at odds with other measures of inflation expectations that have shown they have in fact been moderating. A New York Fed survey of consumers last week, for instance, showed inflation expectations over both one-year and five-year horizons eased in October even as the Michigan survey showed them accelerating. Market-based measures of inflation expectations are also declining.

Persons: Joanne Hsu, Quincy Krosby, Dan Burns, Chizu Organizations: Federal Reserve, University of Michigan's, Fed, Global, LPL, University of Michigan, New York Fed, . Treasury, Securities, Thomson Locations: Michigan

Macy's third-quarter sales declined with consumers cautious about spending, but sales and profit both topped Wall Street expectations. The department store also raised the top end of its full-year revenue and adjusted profit forecasts. Overall sales fell 7% to $4.86 billion, with sales at traditional stores and online sales both down 7%. “We delivered better-than-expected top and bottom line third quarter results and are entering the holiday period in a healthy inventory position,” Chairman and CEO Jeff Gennette said in a prepared statement. Also on Thursday, Walmart posted better-than-expected third-quarter results as its low prices attract shoppers looking for deals in a tough economic environment.

Persons: Jeff Gennette Organizations: Zacks Investment Research, Walmart, Target, Inc

Thursday's early calls featured a retail upgrade and an EV charging stock downgrade. The analyst reiterated his buy rating and $450 price target on the stock. Microsoft's AI cybersecurity solution Security Copilot, which was only recently expanded through an early access program on Oct. 19, already has tons of pent-up interest, Thill said. The firm downgraded shares from neutral to underperform and lowered its price target on the stock by $17 to $43. He gave the stock a $50 price target — $13 higher from the previous one — which implies 23.1% upside for shares since Wednesday's close.

Persons: Wells Fargo, Goldman Sachs, Kash Rangan, Rangan, Maia, Brent Thill, Thill, Vivek Arya, Arya, Raimo, Microsoft's, — Pia Singh, Elizabeth Suzuki, Vijay Rakesh, Rakesh, Vikram Bagri, Bagri, Fred Imbert, Edward Kelly, Kelly Organizations: CNBC, Citi, Microsoft's Ignite, Jefferies, Microsoft, Bank of America, Nvidia, Devices, Barclays, Advance, AAP, Mizuho, Intel, Mizuho Securities, Foundry, Foundry Services, Sapphire, Sierra, AMD, Wells Locations: Seattle, U.S, Wells Fargo, Wednesday's

☆ Elon Musk denies report of potential Starlink IPO in 2024
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

[1/2] SpaceX Starlink 5 satellites are pictured in the sky seen from Svendborg on South Funen, Denmark April 21, 2020. Ritzau Scanpix/Mads Claus Rasmussen via REUTERS Acquire Licensing RightsNov 15 (Reuters) - Elon Musk on Wednesday denied a report that his rocket company SpaceX was discussing an initial public offering (IPO) for its satellite internet business, Starlink, as soon as 2024. The billionaire entrepreneur has previously said he intended to list Starlink when revenue growth and cash flow became smooth and predictable. The Starlink unit is the world's largest satellite operator. "I believe he (Musk) will take Starlink out, not next year, but maybe 2025, 2026.

Persons: Ritzau Scanpix, Mads Claus Rasmussen, Elon Musk, Starlink, Jeff Bezos, He's, Justus Parmar, Parmar, Niket Nishant, Akash Sriram, Anil D'Silva, Arun Koyyur Organizations: SpaceX, REUTERS Acquire, Bloomberg, Fortuna Investments, Thomson Locations: Svendborg, South Funen, Denmark, Mexico, Bengaluru

REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsNov 13 (Reuters) - Tyson Foods (TSN.N) on Monday forecast revenue for its next fiscal year below Wall Street estimates after fourth-quarter sales missed expectations due to falling chicken and pork prices and slowing demand for its beef. Tyson is operating more efficiently, however, and demand for protein remains strong, CEO Donnie King told analysts on a call. Chief Financial Officer John R. Tyson said in an interview on Monday that it is "business as usual" in China. Tyson reported operating margins of 1.8% in its chicken business in the quarter ended Sept. 30, after losses during the previous two quarters. Adjusted profits were 37 cents per share versus analysts' expectations for 29 cents.

Persons: Arnd, Tyson, Donnie King, John R, Arun Sundaram, Granth, Tom Polansek, Shailesh Kuber, Jan Harvey, Chizu Nomiyama, Deepa Babington Organizations: Tyson Foods, REUTERS, Wall, Reuters, CFRA Research, Reuters Graphics Reuters, Thomson Locations: Davos, Switzerland, China, U.S, Bengaluru, Chicago

☆ Billionaire Ron Baron says SpaceX will be worth about $500 bln by 2030
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +1 min

Nov 10 (Reuters) - Elon Musk's SpaceX will be worth about $500 billion by 2030, billionaire investor Ron Baron said in an interview with CNBC on Friday. Baron, who according to CNBC owns more than $1 billion worth of shares in the rocket company, said the company would be valued at about $250 billion to $300 billion over the next three years. SpaceX's current valuation of about $150 billion makes it one of the most valuable private companies in the world. Earlier in the month, Musk said Starlink, SpaceX's satellite internet unit, had achieved cash flow breakeven. Starlink is the world's largest satellite company and boasts a network of about 5,000 low-Earth orbit satellites.

Persons: Elon Musk's, Ron Baron, Baron, Musk, Starlink, Arsheeya, Anil D'Silva Organizations: Elon, Elon Musk's SpaceX, CNBC, SpaceX, Bloomberg, Thomson Locations: Bengaluru

☆ Ron Baron expects SpaceX's Starlink to go public around 2027
▼ + stars: | 2023-11-10 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Billionaire investor Ron Baron told CNBC on Friday that he expects SpaceX to IPO its Starlink satellite internet service "in 2027 or so." "We think that by the time they go public with SpaceX, with Starlink … in 2027 or so, four years, the company will be worth $250 billion to $300 billion," Baron said, speaking to CNBC's Andrew Ross Sorkin. Earlier this month, Baron told MarketWatch his eponymous firm's ownership of SpaceX stock was currently valued at about $1.7 billion. Last year, Musk told employees that taking the business public wasn't likely until 2025 or later. SpaceX's valuation has soared to about $150 billion, with Starlink seen as a key economic driver of the company's goals.

Persons: Ron Baron, Starlink …, Baron, CNBC's Andrew Ross Sorkin, SpaceX didn't, Musk, Starlink Organizations: CNBC, SpaceX Locations: Elon

☆ Analysts believe Rivian is turning around, Goldman sees 40% upside
▼ + stars: | 2023-11-08 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Rivian shares, meanwhile, are up 9% this month. What analysts are saying Goldman analyst Mark Delaney raised his price target by $2 to $25, implying shares can gain 43.5% from Tuesday's close. "If we gain more conviction in the timing/path to profitability we could be more positive on the stock," Delaney said. RIVN YTD mountain Rivian stock. He still raised his price target by $5 to $24, which implies shares can gain 37.8% over the next 12 months.

Persons: Goldman Sachs, Morgan Stanley, Rivian, Tesla, Ford, Goldman, Mark Delaney, Delaney, Chris McNally, McNally, Wells, Colin Langan, …, Langan, Piper Sandler, Alexander Potter Organizations: General Motors, Ford, Tesla, ISI Locations: North America, Tuesday's, Wells Fargo, Georgia, U.S

He also lowered his price target by $6 to $120, implying just 3.9% upside from Tuesday's close. Analyst Shaun Kelley has a $40 price target on shares, implying shares could gain 11.4% from Tuesday's close. Rivian shares jumped more than 7% after the company increased its production forecast for the full year by 2,000 units to 54,000. Datadog shares have produced zero return over the past three years, Murphy noted, with shares down 9% since Oct. 15, 2020. UBS has a neutral rating on Apple and a price target of $190 per share, which implies upside of 4.5%.

Persons: Cowen downgrades Estee, TD Cowen, Estee Lauder, Oliver Chen, Chen, — Hakyung Kim, Shaun Kelley, Kelley, Goldman, Goldman Sachs, Neil Mehta, Mehta, There's, Colin Langan, Langan, Piper Sandler, Alexander Potter, Potter, Rivian, Mark Delaney, Morgan Stanley, Jonas, Mark Murphy, Murphy, David Vogt, Vogt, Fred Imbert Organizations: CNBC, Tech, UBS, JPMorgan, Revenue, Asia, Bank of America, Industry, Mehta ., Wall Street, Rivian, pullbacks, Pro, Pro Max, Apple Locations: China, Asia Pacific, Europe, Middle East, Africa, Tuesday's, U.S

☆ Elon Musk says Starlink is now breaking even — and accounts for a 'majority' of active satellites
▼ + stars: | 2023-11-03 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Elon Musk said Starlink's now breaking even and now accounts for the "majority" of satellites in orbit. Excited to announce that @SpaceX @Starlink has achieved breakeven cash flow! Starlink is also now a majority of all active satellites and will have launched a a majority of all satellites cumulatively from Earth by next year. At the time, Starlink was losing money hand over fist, with Musk saying the main goal was "not to go bankrupt" in 2021. According to Walter Isaccson's biography of Musk, the SpaceX CEO was not comfortable with Starlink's use in armed conflict.

Persons: Elon Musk, Starlink's, —, Elon, Starlink, Musk, @Starlink, — Elon, Walter Isaccson's Organizations: SpaceX, Service, Netflix Locations: Ukraine, Crimea, Gaza

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