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☆ What buying Commerzbank would mean for UniCredit — and the banking sector
▼ + stars: | 2024-09-19 | by ( April Roach | ) www.cnbc.com time to read: +7 min

Last week, UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired from the government. Commerzbank shares jumped 20% on the day UniCredit's stake was announced. A cross-border styled merger between UniCredit and Commerzbank would be more preferential than a domestic merger between Deutsche Bank and Commerzbank, according to Reint Gropp, president of the Hall Institute for Economic Research. "The German banking structure is long overdue for a consolidation process. The German bank also has less excess capital than UniCredit and therefore "cannot really afford" a takeover, Alloatti said.

Persons: Kirill Kudryavtsev, UniCredit, Andrea Orcel, Commerzbank, Orcel, Ignacio Cerezo, Berenberg, David Benamou, Benamou, CNBC's, Arnaud Journois, Journois, Emmanuel Macron, Reint Gropp, Gropp, Filippo Alloatti, Hermes, Alloatti, We've Organizations: Afp, Getty, Bloomberg, Reuters, UniCredit, Wednesday, UBS, Investments, European, Morningstar, Commerzbank, Analysts, CNBC, Deutsche Bank, Hall Institute for Economic Research, Will Deutsche Bank, ABN Amro Locations: Frankfurt, Germany, Commerzbank, Berlin, Italian, U.S, Europe, UniCredit, Italy

☆ Your taxes are going up in 2026, according to Morgan Stanley. Here are 5 tax-advantaged trades to make.
▼ + stars: | 2024-09-19 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Read previewMorgan Stanley has some disappointing news for investors: your taxes are probably going up in the next few years. But one strategist at Morgan Stanley says it's not that simple. Despite these differences, Morgan Stanley expects tax rates to increase no matter who takes office. And a divided Congress, which Morgan Stanley predicts is very likely in November, will only further reduce the likelihood of dramatic change. Typically, the stock market is more influenced by the business cycle than tax policy or political party, according to Morgan Stanley.

Persons: —, Morgan Stanley, Trump, Kamala Harris, it's, Monica Guerra, Morgan Stanley Wealth Management's, Harris, Biden, There's, haven't, Guerra isn't, Guerra Organizations: Service, Business, Morgan Stanley Wealth, US, Trump, Republican, Democratic, Treasurys, New, Equity Locations: New York City

☆ These stocks have momentum on their side even if market stumbles
▼ + stars: | 2024-09-19 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

With that seasonal volatility in mind, Evercore ISI screened for stocks that may continue to outperform in the current climate. The investment bank combed through the Russell 3000 for stocks that are in the top quintiles for momentum, sentiment and buybacks. One company that made the Evercore ISI screen was mobile tech company AppLovin . Evercore ISI also highlighted Sprouts Farmers Market as a potential outperformer. Evercore ISI upgraded Sprouts to outperform from in line this week.

Persons: Russell, LSEG, BTIG, Benjamin Budish, Robinhood, Michael Montani Organizations: Stock, Federal, UBS, FactSet, Financial, LSEG, Barclays, ISI

☆ Here are Tuesday's biggest analyst calls: Nvidia, Palantir, Amazon, Shopify, Walmart, Microsoft, Palantir, Tesla & more
▼ + stars: | 2024-09-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bank of America reiterates Amazon as buy Bank of America said it's sticking with its buy rating on Amazon following CEO Andy Jassy's letter to employees on Monday. Bank of America adds Palantir to the US1 list Bank of America added the stock to its top picks list. Bank of America reinstates Carvana as buy Bank of America resumed coverage of Carvana and upgraded it to buy saying it sees accelerating growth. Bank of America upgrades Hewlett Packard Enterprise to buy from neutral Bank of America said shares of the company are "attractive." Bank of America upgrades GE Vernova to buy from neutral Bank of America said it sees a "power surge" for the stock.

Persons: Oppenheimer, Andy Jassy's, Andy Jassy, Bernstein, Tesla, underperform Bernstein, Redburn, LSCC, Ford Tamer, Mizuho, DELL, Morgan Stanley, Virgin, Jefferies, it's bullish, JEF, ARMK, Baird, BTIG, " Jefferies, SolarEdge Organizations: Nvidia, " Bank of America, Bank of America, Semiconductor, Stifel, Board, Dell, JPMorgan, ViaSat, United Airlines, Viasat, IFC, Virgin Galactic, Virgin, Citi, UBS, APP, RBC, Baird Conference, Burger, Walmart, Technologies, Healthcare, Barclays, D, WEC, Hewlett Packard Enterprise, of America, Hewlett, Packard Enterprise, GE, Gas Power Services Locations: Europe

☆ Top Wall Street analysts pick these dividend stocks for attractive returns
▼ + stars: | 2024-09-15 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

To that end, the recommendations of top Wall Street analysts can help investors choose stocks with strong fundamentals and the ability to pay consistent dividends. Here are three dividend stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. MPLX LPWe start this week with MPLX (MPLX), a midstream energy player. Recently, RBC Capital analyst Elvira Scotto reiterated a buy rating on MPLX stock with a price target of $47. The company recently paid a base dividend of $1.25 per share of common stock and a variable dividend of $1.27 per share.

Persons: Wall, Elvira Scotto, Scotto, TipRanks, Scott Hanold, Ivan Feinseth, Feinseth Organizations: Wall, MPLX, RBC Capital, Logistics, Energy, Hanold, Chord Energy, Tigress Locations: buybacks, Williston

☆ Trump's debate fumble let Harris redefine the race
▼ + stars: | 2024-09-14 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Trump even muddled the most basic attack on connecting Harris to Biden, claiming at one point that Biden "hates" his own vice president. Trump, an acolyte of Roy Cohn, forgot the controversial lawyer's most famous adage to "Attack, Attack, Attack" when he needed it the most. And as he did, all night, Trump took the bait, spending the first part of his rebuttal defending the money his father gave him. Harris continues to have a slight lead in the major national polling averages, but the race remains even closer in key swing states. After reversing himself many times, Trump declared before the weekend that he would not debate Harris again.

Persons: —, Donald Trump, Kamala Harris, Trump, Harris, Joe Biden's, isn't, Sen, JD Vance, Vance, Abraham, Lindsey Graham, Biden, Mike Pence, Bush, Karl Rove, Roy Cohn, Hunter, Joe Biden, you've, Tim Walz, Walz, Doug Emhoff, Gwen Walz Organizations: Service, Business, Trump, Republican, New York Times, Publicly, Abraham Accords, Politico, The New York Times, Ivy League, Wharton School of Finance, White House, Democratic, Biden Locations: United States, Harris, Ukraine, Ohio, Siena, North Carolina, Michigan, Wisconsin, Minnesota, Nevada , Arizona, Florida, Georgia , New Hampshire, Maine, Arizona

The bank raised its price target on MercadoLibre Thursday to $2,500 from $2,225, suggesting 22% upside from Wednesday's close. The bank increased its price target to $230 from $200, implying nearly 16% upside from Wednesday's close. Supino also lifted the firm's price target to $93 a share, reflecting about 33% upside from Wednesday's close. Analyst Adam Berlin lowered his 12-month price target to $29 from $34, implying 6% downside. The investment firm's price target of $159 implies more than 2% downside from Wednesday's close.

Persons: Robert Ford Aguilar, — Michelle Fox, Wells, Wells Fargo, Eric Luebchow, Luebchow, Lisa Kailai Han, Sean Conlon, Wolfe, Peter Supino, Supino, Samantha Subin, BofA, George Staphos, a.m, Adam Berlin, Berlin, IPG, — Sean Conlon, Bernstein, Mark Moerdler, — Lisa Kailai Han, Stifel, Simon Yarmak, Andrea Pistacchi, Brandt Montour, it's, Montour, Fred Imbert Organizations: CNBC, Barclays, Bank of America, Diageo, Mercado, Mobile, Sprint, Wolfe Research, UBS downgrades, UBS, billings, GM, Pfizer, Oracle, Simon Property, Property Group, SPG, U.S, New York Stock Exchange Locations: Brazil, Mercado Pago, Wells Fargo, Wells, Roku, Berlin, America, U.S

☆ Harris gets under Trump's skin: From the Politics Desk
▼ + stars: | 2024-09-11 | by ( The Politics Desk | ) www.nbcnews.com time to read: +5 min

Welcome to a post-debate edition of the From the Politics Desk newsletter, breaking down all the action from tonight's showdown between Vice President Kamala Harris and former President Donald Trump. Vice President Kamala Harris, who took the Democratic nomination when President Joe Biden stepped aside following a catastrophic debate performance in June, delivered aggressive attacks and coherent rebuttals. He declined to answer questions about committing to a second debate, which Harris’ campaign challenged him to do in a statement earlier in the night. “I made that very clear in 2020, I will not ban fracking,” Harris said. He criticized Biden’s handling of classified documents, knocked him for opposing the Keystone XL pipeline and called the Biden’s administration “the most divisive presidency in the history of our country.”Read more from Sahil →More debate night coverageThat’s all from the Politics Desk for now.

Persons: Kamala Harris, Donald Trump, Harris, ’ Trump, Jonathan Allen, Peter Nicholas PHILADELPHIA —, he’s, Joe Biden, Trump, bristled, ”, I’m, Laura Ingraham, Harris “, —, “ Trump, ” Trump, Harris ’, Read, Jon, Peter →, Sahil Kapur Harris, ” Harris, “, fracking, he’s “, there’s, Roe, Biden, ” Read Organizations: Democratic, Fox News, Trump, ABC, Wade, Biden, Keystone XL Locations: fracking

☆ UBS trader turns bearish for next two months, worried about a 'large unwind'
▼ + stars: | 2024-09-10 | by ( John Melloy | ) www.cnbc.com time to read: +2 min

"I am tactically bearish for the next 2 months," wrote Rebecca Cheong, head of Americas equity derivatives strategy for UBS, in a note. The S & P 500 rapidly rebounded, though, making back most of the losses and approaching a new high once again. .SPX YTD mountain S & P 500, YTD And September has gotten off to a sour start with the S & P 500 down four of the first five trading days. Other reasons that make the trader bearish: UBS clients have sold stocks 11 of the last 12 days. Cheong suggested hedges that would pay off if the S & P 500 is down 10% in one month and 15% in two months.

Persons: Rebecca Cheong, Cheong Organizations: UBS, Nvidia, Global, Tech, Federal, U.S

☆ How to trade Adobe's upcoming earnings using options
▼ + stars: | 2024-09-09 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

I'll break down various option trade scenarios into the earnings, focusing on one that will benefit from a big move in any direction. Adobe's Creative Cloud subscription model generates recurring revenue and maintains a solid customer base, from freelancers to large enterprises. Adobe's Document Cloud, featuring Acrobat and PDF solutions, is critical in digital document management and e-signatures. Of course, any bears out there could also use a calendar to bet on a downside move, using a $500 Sep/Jan put calendar. Combining the call and put calendar is a trade I usually refer to as a strangle swap.

Persons: Adobe Sensei, Jan, I've Organizations: Adobe, Labor, CNBC, NBC UNIVERSAL

☆ Bears are eager to front-run a recession that has not materialized
▼ + stars: | 2024-09-06 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Let's front-run the September-October weakness Another chunk of investors is equally pessimistic, but for a different reason. 2) Corporate buybacks, which have been exceptionally strong this year — likely a record for the S & P 500 — will likely slow soon because corporations will be entering blackout periods for several weeks heading into earnings. The S & P 500 is less than 3% from its historic high. The last time the S & P 500 had a 10% correction was July 31 to Oct. 27, 2023 (10.3% drop). That's what happens with high valuations and a slower economy.

Persons: payrolls, It's, Goldman Sachs, nonfarm payrolls Organizations: Traders, Citi, Nvidia Locations: factoids

☆ Why Broadcom stock is tumbling after an earnings beat — and how to play the dip
▼ + stars: | 2024-09-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

Broadcom reported an earnings beat Thursday, driven by strong sales of its AI products and VMware software. We view Broadcom as one of the biggest AI beneficiaries through its networking and custom chip businesses. However, Broadcom generated $5.3 billion in free cash flow when excluding restructuring and integration cash costs in the quarter. The semi number is a slight miss versus expectations, and the difference is probably due to the non-AI business lines because AI sales are humming. Broadcom raised its full-year AI revenue forecast to $12 billion, up from prior guidance of over $11 billion.

Persons: Hock Tan, Tan, …, Tan didn't, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Broadcom, VMware, LSEG, VMWare, Wall Street, Marvell Technology, Devices, Nvidia, Revenue, Apple, Management, CNBC Locations: Hock, American, San Jose , California

☆ Here are Wednesday's biggest analyst calls: Nvidia, Tesla, Starbucks, Chipotle, Eli Lilly, Target, TJX Companies, Coinbase and more
▼ + stars: | 2024-08-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Stifel upgrades Starbucks to buy from hold Stifel upgraded the coffee chain following the management shakeup that included a new CEO. Jefferies upgrades Sportradar to buy from hold Jefferies upgraded the Swiss global sports tech company, saying it's becoming "increasingly attractive." Morgan Stanley reiterates Target as overweight Morgan Stanley said it's sticking with its overweight rating heading into Target 's earnings next week. Berenberg reiterates Eli Lilly as buy Berenberg raised its price target on the drugmaker to $1,050 per share from $1,000. TD Cowen upgrades Ilumina to buy from hold TD Cowen sees revenue growth ahead for the biotech company.

Persons: Wolfe, PulteGroup, rais, Brian Niccol, Baird, Tesla, it's bullish, Goldman Sachs, Goldman, Elliott, Wells, Equitrans, ETRN, Jefferies, it's, SRAD, Bernstein, Chipotle, Morgan Stanley, Berenberg, Eli Lilly, Lilly, circumspection, Ross, BURL, ROST, Oppenheimer, TD Cowen, mgmt Organizations: Stifel, RBC, Johnson, underperform RBC, Elliott Management, Barclays, Nvidia, JPMorgan downgrades Emerson, JPMorgan, Deutsche Bank, Deutsche, Ball Corp, Ball Corporation, Montrose Environmental, Stock, Intuit, Citi, Palo Alto, Bank of America, TJX Companies, Argus Locations: Florida, Underperform, Swiss, Montrose, QuickBooks, Burlington, Coinbase, China, Hershey

☆ Starboard pushes Autodesk board to weigh CEO change, cost cuts
▼ + stars: | 2024-08-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Activist investor Starboard Value has been engaging with the board of Autodesk , continuing its push to improve the company's operations and financial performance, according to a presentation viewed by CNBC. Starboard wants Autodesk's board to reassess whether CEO Andrew Anagnost, who has helmed the software maker for seven years, is the right person to lead the company forward, according to the presentation. The activist investor has shared the presentation's findings with Autodesk's board in recent weeks, after disclosing a $500 million stake in the company earlier this year. Starboard is also pushing for cost cuts and a realigned executive compensation plan, all of which it believes can drive margin improvement of up to 1,000 basis points. But Starboard has shown no signs of relenting, continuing to press the company and shareholders for change.

Persons: Andrew Anagnost, Anagnost, Dow Jones, Deborah Clifford, Jeff Smith Organizations: Autodesk, CNBC, GoDaddy Locations: Delaware, Salesforce

☆ Top Wall Street analysts like these 3 stocks for long-term prospects
▼ + stars: | 2024-08-04 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Instead, they should consider the recommendations of top Wall Street analysts, who perform an in-depth analysis of a company's fundamentals so they can highlight stocks with solid long-term growth potential. Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. However, the growth in YouTube advertising revenue slowed down in the quarter and missed analysts' expectations. Following the results, BMO Capital analyst Brian Pitz reiterated a buy rating on GOOGL stock with a price target of $222. (See ServiceNow Stock Charts on TipRanks)Travel + LeisureThis week's third stock is Travel + Leisure (TNL), a membership and leisure travel company.

Persons: Brian Pitz, Pitz, TipRanks, ServiceNow, Goldman Sachs, Kash Rangan, ServiceNow's, Ivan Feinseth, Feinseth, TNL Organizations: Wall Street, BMO Capital, BMO, YouTube, Tigress, Sports Illustrated Resorts Locations: TipRanks

☆ Coterra's strong energy production allowed for big cash returns to shareholders
▼ + stars: | 2024-08-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

CTRA YTD mountain Coterra Energy YTD The results were released after Thursday's close. Bottom line In addition to the strong production and strict capital expenditures discipline, management raised their production outlook and discretionary cash flow target for the remainder of the year. Coterra Energy Why we own it: Formed by the merger of Cabot Oil & Gas and Cimarex, Coterra Energy is an exploration-and-production company with a high-quality, diversified asset portfolio. It's committed to returning 50% or greater of annual free cash flow to shareholders. Under management's stated commitment to returning 50% or more of annual free cash flow via dividends and buybacks, Coterra has returned this year 103% of free cash flow to shareholders.

Persons: It's, Coterra, management's, Tom Jorden, Marcellus, Jim Cramer's, Jim Cramer, Jim, Pavlo Gonchar Organizations: Coterra Energy, LSEG, Cabot Oil & Gas, EQT Corp, Devon Energy, Oil, CNBC, Energy Inc, Getty Locations: Houston

☆ We're adding to this beaten-up chipmaker and would be buyers of a peer stock
▼ + stars: | 2024-08-02 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following the trade, Jim Cramer's Charitable Trust will own 700 shares of AVGO, increasing its weighting in the portfolio to 3.16% from 2.94%. The stock market is headed for another rough day as concerns about the economy grow. 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's, payrolls, Ben Reitzes, Dell, Lisa Su, Jim Cramer, Jim Organizations: Broadcom, AVGO, Federal Reserve, VMware, Intel, Melius Research, HP, AMD, CNBC Locations: U.S

☆ Apple's earnings beat puts it on sure footing ahead of next month's AI iPhone launch
▼ + stars: | 2024-08-01 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

However, the expected AI-driven boom in new iPhone sales does represent a clear positive catalyst on the near-term horizon. Products iPhone sales were down slightly in the quarter. Services All-time revenue record, with an all-time record set in developed markets and a June quarter record set in emerging markets. Services are expected to grow at a double-digit rate similar to the rate seen in Apple's fiscal 2024 first quarter. A person poses holding the original iPhone and the new iPhone 15 outside the Fifth Avenue Apple Store in New York City ahead of the launch of Apple’s new iPhone 15, Sept. 22, 2023.

Persons: Apple, iPhones, Tim Cook, we're, Luca Maestri, AirPods, Maestri, Cook, Jim Cramer's, Jim Cramer, Jim, Alexi Rosenfeld Organizations: Apple, Apple Intelligence, . Research, MacBook Air, iPad, Apple Watch, Services, CNBC, Getty Locations: Greater China, China, Spain, Poland, Mexico, Indonesia, Philippines, New York City

☆ Lost in the market's sharp rotation out of tech stocks is a really bullish call on major banks
▼ + stars: | 2024-07-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Banks shining : Lost in the shuffle of all the earnings earlier and another tech selloff was a bullish note on large-cap banks from Morgan Stanley analyst Betsy Graseck. Before Wednesday's open, we get earnings from Club stocks GE Healthcare and DuPont . 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, Jerome Powell, Stanley Black, Decker, Morgan Stanley, Betsy Graseck, Graseck, Goldman Sachs, Wells, Grasck, Kraft Heinz, Wednesday's, Jim Cramer's, Jim Organizations: CNBC, Nvidia, Stanley, Citi, Bank of America, JPMorgan, Microsoft, Devices, Arista Networks, Pinterest, Caesars Entertainment, Electronics Arts, GE Healthcare, DuPont, Boeing, Cruise Line, Mastercard, Humana, Trane Technologies, Jim Cramer's Charitable

☆ Ford, GM, Stellantis face a daunting second half of 2024
▼ + stars: | 2024-07-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

Stock Chart Icon Stock chart icon Ford, GM and Stellantis shares"Investors who think autos can outperform on + earnings beats and buybacks should think again. GMFor GM, investors balked at pullbacks in growth businesses, waning upside during the second half of the year, and fear that the automaker's earnings power has peaked, according to Wall Street analysts. Selling more EVs is one reason that GM, which has raised its annual financial guidance twice this year, expects the second half to underperform the first. The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan. StellantisTransatlantic automaker Stellantis arguably faces the most challenging second half of the year, particularly regarding its U.S. operations.

Persons: Ram, Joe Raedle, Morgan Stanley, Adam Jonas, Jonas, Stellantis, GM's, Mary Barra, Ford, Ford doesn't, Joseph Spak, Bill Pugliano, John Lawler, Lawler, Carlos Tavares, Remo Casilli Organizations: Dodge Chrysler, Getty, DETROIT, Ford, Detroit automakers, GM, Wall Street, Analysts, Street, UBS, Ford Dearborn Plant, Ford Pro, Transatlantic, Stellantis Locations: Miami , Florida, U.S, China, Dearborn , Michigan, Atessa, Italy

☆ Top Wall Street analysts suggest these dividend stocks for enhanced returns
▼ + stars: | 2024-07-28 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Investors seeking solid dividend payers can rely on top-ranked Wall Street analysts, who make recommendations after thoroughly analyzing a company's ability to generate solid financials and deliver strong returns. Here are three attractive dividend stocks, according to Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. WES offers a high dividend yield of 8.8%. Hanold expects Q2 2024 shareholder returns to comprise a fixed dividend of 90 cents a share and a variable dividend of $1.25 per share, with no stock buybacks. KO offers a dividend yield of about 2.9%.

Persons: Wall, WES, Gabriel Moreen, Moreen, TipRanks, FANG, Scott Hanold, KO, Nik Modi, Modi Organizations: Wall Street, Western, Western Midstream Partners, Mizuho, MLP, Diamondback Energy, Endeavor Energy, RBC Capital, Diamondback, Cola Locations: Texas , New Mexico , Colorado , Utah, Wyoming, West Texas, Philippines, India

☆ We're making lots of trades: 2 sales and 1 buy — plus, we're recommending 1 other buy
▼ + stars: | 2024-07-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

We're making a couple of small sales and a buy Thursday — trimming two positions currently benefiting from the broadening out trade and buying another on recent weakness. SWK YTD mountain Stanley Black & Decker YTD With earnings approaching and both stocks higher since their last reports, we're trimming these stocks just in case trends have not improved. On Stanley Black & Decker, we will realize a small loss of about 4% on stock purchased in the summer of 2023. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Stanley Black, Decker, Linde, Eaton, there's, Jim Cramer, Jim Organizations: Linde, LIN, Stanley, Federal, Broadcom, CNBC Locations: Eaton, ETN, North America

In the three days since President Biden announced he was quitting the 2024 race, Mr. Trump has entered foreign territory. But within 24 hours, Democratic leaders unofficially crowned Ms. Harris and stamped out any notable opposition. His team considered mounting legal challenges to her campaign committee to make it harder for Ms. Harris to hit the ground running. And Mr. Trump is still cycling through nicknames for Ms. Harris — a sign that he hasn’t yet figured out how he intends to portray her. And some Trump campaign officials have telegraphed plans to “Willie Horton” Ms. Harris.

Persons: Donald J, Biden, Trump, It’s, Kamala Harris, Mr, Biden’s, Harris, “, —, viscerally, jostled, Erin Schaff, Brian Hughes, ” Mr, Biden’s “ Cackling, Laffin ’ Kamala Harris, ”, Kamala ”, Hillary Clinton, Kamala, Alex Castellanos, that’s, Kevin McCarthy, Mike Johnson, Doug Mills, ” Liam Donovan, ” Guy Cecil, “ Kamala Harris, David McCormick, Biden’s frailty, Willie Horton ” Ms, Michael Dukakis, Horton, Dukakis, Hilary Rosen Organizations: Republican National Convention, Democratic, Sunday, Black, Trump, The New York Times, Mr, Republicans, Republican, Indian, Indian American U.S, New York Times, National Republican, “ Republicans, Green, MAGA Inc Locations: Wilmington, Del, Indian American, Grand Rapids, Mich, Credit, Charlotte, —, Pennsylvania, Massachusetts, California

☆ Deutsche Bank snaps 15-quarter profit streak on Postbank lawsuit provision
▼ + stars: | 2024-07-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt. Deutsche Bank on Wednesday snapped a 15-quarter profit streak with a narrower-than-expected loss, as it made a provision for an ongoing lawsuit over its Postbank division. The long-running lawsuit by investors alleges Deutsche Bank underpaid to take over the retail banking giant in 2010. Other highlights included:Profit before tax excluding the Postbank provision was 1.7 billion euros, up from 1.4 billion euros in the second quarter of 2023. Provision for credit losses was 476 million euros, up from 401 million euros a year ago.

Persons: Deutsche Bank CEO Christian Sewing, James von Moltke, CNBC's Caroline Roth, that's, Von Moltke, we'd, Italy's Organizations: Deutsche Bank, United Kingdom . Deutsche Bank AG, Deutsche Bank CEO Christian, Spain's Santander Locations: City of London, London, United Kingdom, German, Frankfurt

☆ Investors are rotating into small caps, and analysts love these dividend-paying names
▼ + stars: | 2024-07-24 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

These names must offer a dividend yield of at least 3%. The oil and gas company is rated buy or overweight by 83.4% of the analysts covering it, and offers a dividend yield of 4.2%. The stock is up close to 18% this year, and offers a 3% dividend yield. Nearly 74% of analysts rate Patterson-UTI buy or overweight, and consensus price targets suggest 43% upside. Shares are off nearly 8% in 2024, and the stock has a dividend yield of 3.2%.

Persons: Russell, Roth MKM, Piper Sandler, Luke Lemoine, Patterson, Stephen Gengaro, —, Fred Imbert Organizations: Investors, Big Tech, Nvidia, Meta, Nasdaq, Federal, CNBC, New York Stock Exchange, Wall, Oil, Gas, Northern Oil's, SM Energy, Xcel, Northern Oil, Energy Solutions, Street, Atlas Energy, UTI Energy Locations: Uinta, Xcel Resources

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