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☆ This pharma stock is a buy as valuation remains attractive, Evercore says
▼ + stars: | 2023-09-19 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Investors should pounce on CVS' current attractive valuation, according to Evercore ISI. The firm upgraded the health and pharmacy stock to outperform from in-line in a Tuesday note, accompanied by an $83 per share price target up from $81. CVS stock has slipped more than 24% from the start of the year. CVS YTD mountain CVS stock. "CVS, like many [managed care organizations], is a complex organization, and we see a number of factors swinging in a positive direction, pointing to both a higher degree of confidence in [management's] outlook as well as supportive of higher valuation," Anderson said.

Persons: Elizabeth Anderson, Anderson, CNBC's Michael Bloom Organizations: CVS, ISI, Centers, Medicare, Services

☆ Nvidia has a stranglehold on AI companies as a chip shortage begins to bite. This rival CEO is eager to offer an alternative.
▼ + stars: | 2023-09-15 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Nvidia's GPUs have become a vital resource in the race to develop AI models like GPT-4. Huge demand for GPUs has created a shortage that risks stunting AI development. In other words, Nvidia has a stranglehold on companies looking to accelerate the development of their AI models in ways that could revolutionize how the entire economy operates. AdvertisementAdvertisementHaving a more advanced bit of hardware isn't enough to pry companies away from Nvidia. It's also working on its own software, known as Poplar, to offer that same kind of plug-and-play usability as Nvidia.

Persons: Nigel Toon, Google's Bard, Jensen Huang, Graphcore, Toon, It's, we'll, they'll Organizations: Service, Nvidia, Sequoia Locations: Wall, Silicon, Graphcore, China

☆ Earth's mysterious core may be encased by an ancient ocean floor that has mountains 5 times taller than Everest
▼ + stars: | 2023-09-14 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +6 min

They believe an ancient ocean floor may be wrapped around our planet's mysterious core. The research suggests that Earth's core could be encased in an ancient ocean floor that features giant mountains five times the size of Mount Everest. Scientists have found looking at data from earthquakes that there may be a layer of ancient ocean floor coating the Earth's core. For them, the answer was clear: the layer was likely bits of ancient ocean floor, gobbled up over the ages from the surface as tectonic plates stretched and squished together. Due to its composition, the ocean floor is a perfect candidate for this layer, Hansen said.

Persons: Samantha Hansen, Lindsey Kenyon, Hansen, It's Organizations: Service, Everest, University of Alabama Locations: Antarctica, Hawaii

☆ Anti-trust concerns around Google likely won't materially impact earnings, says Evercore's Mahaney
▼ + stars: | 2023-09-12 | 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 EmailAnti-trust concerns around Google likely won't materially impact earnings, says Evercore's MahaneyMark Mahaney, Head of Internet Research at Evercore ISI, discusses the Department of Justice's anti-trust trial against Google's search engine dominance.

Persons: Evercore's, Mark Mahaney Organizations: Google, Internet Research, Evercore ISI, of

☆ BlackRock voted against Glencore's climate progress report
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +2 min

A specialist trader works at the post where BlackRock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermid Acquire Licensing RightsCompanies BlackRock Inc FollowGlencore PLC FollowLONDON, Sept 6 (Reuters) - Major Glencore shareholder BlackRock Inc (BLK.N) was among investors to reject the mining giant's (GLEN.L) climate progress report at its annual meeting in May, citing inconsistencies, a voting disclosure page on the asset manager's website shows. BlackRock allows many clients to cast their own votes at companies' annual general meetings. The page also showed BlackRock did not back a shareholder resolution seeking more disclosure on progress in scaling back thermal coal production, which got 29% support, without saying why. But BlackRock in August reported a further decline in its support for shareholder resolutions on environmental and social themes, citing corporate progress on the areas and poorly crafted measures.

Persons: Brendan McDermid, Glencore, company's, Clara Denina, Simon Jessop, Josie Kao Organizations: BlackRock, New York Stock Exchange, REUTERS, BlackRock Inc, BIS, Thomson Locations: New York City, U.S, Paris

☆ Expedia's been the 'problem child' in online travel space, says Evercore ISI's Mark Mahaney
▼ + stars: | 2023-09-05 | 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 EmailExpedia's been the 'problem child' in online travel space, says Evercore ISI's Mark MahaneyMark Mahaney, Evercore ISI head of internet research, joins 'Squawk Box' to discuss Evercore's latest survey on travel demand, the stocks to play in the travel sector, and demand for alternative lodging.

Persons: Expedia's, Evercore, Mark Mahaney Mark Mahaney

☆ Evercore: A 'Wall of Worry' is threatening to send the economy into a recession. Here are the 3 warning signs to watch, and where to invest as the worst month for stocks begins.
▼ + stars: | 2023-08-31 | by ( Mark Reeth | ) www.businessinsider.com time to read: +6 min

September is the worst month for stocks, and right now the market rally looks weak. Julian Emanuel, a senior managing director at Evercore ISI, recently published a note for clients warning them of what may be ahead. But instead of celebration and buying, investors greeted the news with a shrug and a sell-off. Evercore ISIThere are two other warning signs Emanuel is keeping an eye on. Evercore ISIWith all that said, how should investors take advantage of the buying opportunity after the September doldrums fade away?

Persons: Evercore's Julian Emanuel, it's, Julian Emanuel, Emanuel doesn't, Emanuel, that's, he's, He's Organizations: Evercore ISI, Nvidia, Evercore, Bear, Vertiv Holdings, JPMorgan, Booking Holdings Locations: U.S, China, Europe

☆ Apple's iPhone 15 just needs to be decent for it to be an upgrade cycle, says Evercore's Daryanani
▼ + stars: | 2023-08-30 | 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 EmailApple's iPhone 15 just needs to be decent for it to be an upgrade cycle, says Evercore's DaryananiAmit Daryanani, Evercore ISI analyst, joins 'Squawk on the Street' to discuss the technical levels behind Apple's stock, what Daryanani expects from the upcoming Apple event, and more.

Persons: Evercore's Daryanani Amit Daryanani

☆ Canada probing Walmart, Hugo Boss over allegations of forced labor in supply chains
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mario Anzuoni//File Photo Acquire Licensing RightsOTTAWA, Aug 24 (Reuters) - Canada's corporate ethics watchdog on Thursday announced investigations into the Canadian units of Walmart (WMT.N) and Hugo Boss (BOSSn.DE) to probe allegations of Uyghur forced labor in the companies' supply chains and operations. The Canadian Ombudsperson for Responsible Enterprise (CORE) said it had published an initial assessment report after complaints filed by a coalition of 28 civil society organizations in June 2022. CORE will also investigate the Canadian unit of fashion firm Diesel, which is owned by Italy's OTB (OTB.L). In March, a U.N. committee said it was concerned about China's treatment of its Muslim minority, including the use of forced labor against Uyghurs. CORE was launched in 2019 to monitor and investigate human rights abuses, mainly by Canadian garment, mining and oil and gas companies operating abroad.

Persons: Mario Anzuoni, Hugo Boss, Italy's OTB, Ralph Lauren, RL.N, Sheri Meyerhoffer, CORE's Ombudsperson, David Ljunggren, Jonathan Oatis Organizations: Walmart, REUTERS, Rights OTTAWA, Responsible Enterprise, Diesel, Nike Canada, CORE, Thomson Locations: Rosemead , California, U.S, China

☆ Homebuilders are adjusting their supply to maintain affordability in high rate times: Evercore's Kim
▼ + stars: | 2023-08-23 | 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 EmailHomebuilders are adjusting their supply to maintain affordability in high rate times: Evercore's KimStephen Kim, homebuilder sector analyst at ISI, joins 'Squawk on the Street' to discuss geographic changes informing Toll Brothers construction plans, builders issuing incentive programs to appeal to potential buyers, and the EPS outlook for homebuilders.

Persons: Evercore's Kim Stephen Kim, Toll Organizations: ISI

[1/2] A woman stands next to stacked school furniture, as she and others shelter at a school after fleeing their neighbourhood Carrefour Feuilles when gangs took over, in Port-au-Prince, Haiti August 16, 2023. "In a matter of days, violence escalated dramatically in Port-au-Prince, particularly affecting neighborhoods where the IRC collaborates with local organizations to provide vital services," the aid group said on Thursday. The IRC launched its Haiti response plan last December and works with a number of local groups around the capital, where much of the violence has taken place. Ann Lee, co-founder of U.S.-based crisis response group CORE, which is still operating in Haiti, said many aid groups had left as costs rise, financial aid dwindles and staff operates under increasingly life-threatening conditions. Lee said there was not a single member of CORE's 100-person Haiti team who did not know a victim of the violence.

Persons: Ralph Tedy Erol, Ann Lee, dwindles, Lee, Haiti's, Ariel Henry's, Sarah Morland, Josie Kao Organizations: Carrefour, REUTERS, International Rescue, IRC, U.S, CORE, Haiti, United Nations, Feuilles, Carrefour Feuilles, . Security, Kenyan, Thomson Locations: Carrefour Feuilles, Port, Prince, Haiti, Caribbean, Haiti's, Kenya

☆ Evercore ISI's Mark Mahaney breaks down the firm's top internet picks
▼ + stars: | 2023-08-17 | 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 EmailEvercore ISI's Mark Mahaney breaks down the firm's top internet picksMark Mahaney, Evercore ISI head of internet research, joins 'Squawk Box' to discuss Evercore's new report on key takeaways from the second quarter earning season, the firm's top internet picks including Uber, Amazon and Spotify, and more.

Persons: Mark Mahaney Organizations: Spotify

☆ Buy these A.I. enablers, adopters and adapters, Evercore ISI says
▼ + stars: | 2023-08-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Evercore ISI is calling out its top artificial intelligence enablers, adopters and adapters as the technology's prominence transforms businesses and the world. These names have also seen their next 12 months' EPS estimates revised upward and sit in the top 75% of the index. Both stocks have risen on AI demand about 48% and 152%, respectively, since the start of the year. EPS estimates for Meta and Alphabet have risen nearly 15% and 5%, respectively, since the end of May. MongoDB soared 28% after posting blowout results, with EPS estimates up more than 44% since the end of May.

Persons: Julian Emanuel, Russell, Penny, MongoDB, JPMorgan Chase, Pizza, — CNBC's Michael Bloom Organizations: Nvidia, Meta, Holdings, Arista Networks, Intel, JPMorgan

An employee of a private security company stands in front of the logo of commodities trader Glencore during the company's annual shareholder meeting in Cham, Switzerland May 24, 2017. Analysts at Deutsche Bank had expected half-year earnings of $9.9 billion, while Citi's estimate was $11.4 billion. The company announced additional returns of around $2.2 billion, including a $1 billion special dividend and a $1.2 billion share buyback programme that will run until February 2024. Glencore in June offered to buy Teck's coal business as a standalone unit, having been rebuffed twice in its $22.5 billon bid to combine the two companies. As part of the deal, Glencore would spin-off and merge its thermal coal business with Teck's steelmaking coal one to form a separate New York-listed company.

Persons: Arnd, Glencore, Gary Nagle, Nagle, MARA, didn't, Bunge, Clara Denina, Pratima Desai, Kirsten Donovan Organizations: REUTERS, Canada's, Canada's Teck Resources, Tinto, Teck Resources, Deutsche Bank, Citi, U.S, Thomson Locations: Cham, Switzerland, Canada's Teck, Teck, China, New York, London, U.S

☆ Evercore's David Palmer on the state of the U.S. consumer
▼ + stars: | 2023-08-02 | 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 EmailEvercore's David Palmer on the state of the U.S. consumerDavid Palmer, restaurant and packaged food analyst at Evercore ISI, joins 'Squawk on the Street' to discuss Starbucks' strong demand in China, the state of the U.S. consumer, and more.

Persons: David Palmer Organizations: Evercore ISI, Starbucks Locations: China

☆ Summer rally winners are showing cracks, Evercore's Julian Emanuel warns
▼ + stars: | 2023-07-31 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSummer rally winners are showing cracks, Evercore's Julian Emanuel warnsJulian Emanuel, Evercore ISI Sr. Managing Director, joins 'Fast Money' to break down the latest market moves with CNBC's Melissa Lee and the Fast Money traders.

Persons: Evercore's Julian Emanuel, Julian Emanuel, Evercore, CNBC's Melissa Lee Organizations: Fast Money

☆ Ongoing strikes could kill Hollywood's momentum after the 'Barbenheimer' bump, but 4 industry insiders and analysts are still optimistic about the future of these 5 entertainment companies
▼ + stars: | 2023-07-29 | by ( James Faris | ) www.businessinsider.com time to read: +11 min

Here's which entertainment companies will outperform, according to analysts and industry insiders. Four industry veterans Insider spoke with unanimously agreed that unless the strikes are resolved soon, the movie industry's much-needed revival will fizzle out. In a mid-July note about the movie industry, Reese and Pachter highlighted three theater-related companies that are best positioned to survive in this difficult environment. FuboTV should be a winner since it's a solid alternative for cord cutters who still need news and sports coverage, which aren't impacted by the strikes, Pachter noted. Netflix is perhaps the most fascinating company in the media industry right now.

Persons: Barbie, Oppenheimer, Paul Dergarabedian, Alicia Reese, David A, Gross, Strikes, Reese, Michael Pachter, Dergarabedian, Pachter, Richard Gelfond, JPMorgan's David Karnovsky, Wedbush's Pachter, aren't, it's Organizations: Hollywood, Wedbush Securities, Entertainment Research, Alliance, Television Producers, Consumers, Netflix Locations: Hollywood, creatives

☆ Mick Jagger just turned 80 — here's how the Rolling Stones became the world's biggest live act
▼ + stars: | 2023-07-28 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +1 min

Rolling Stones frontman Mick Jagger celebrated his 80th birthday on July 26. Morning Brew Insider recommends waking up with, a daily newsletter. The Rolling Stones were formed in 1962 and are still one of the world's most famous and adored rock bands. Correction: July 18, 2023 — An earlier version of this story imprecisely described the origins of the Rolling Stones. The initial lineup included Jagger, Keith Richards, Brian Jones, Dick Taylor, Tony Chapman, and Ian Stewart, not just Jagger and Richards.

Persons: Mick Jagger, Mick Jagger's, Jagger, Keith Richards, Brian Jones, Dick Taylor, Tony Chapman, Ian Stewart, Richards Organizations: Billboard, Morning, RIAA

☆ 'Remain fully invested:' Evercore's Emanuel names the stocks set to outperform
▼ + stars: | 2023-07-26 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Evercore ISI's Julian Emanuel says it's time to buy "sector neutral" stocks with earnings momentum but lagging price momentum. Names with earnings momentum Emanuel told CNBC on Tuesday that there's a group of stocks whose earnings momentum is "superior to peers." "We recommend remaining fully invested, shifting focus to a sector neutral quant screen of stocks whose EPS momentum is better than peers yet whose price momentum lags since the March inflection to Maximum Momentum," he wrote in a July 23 note. "Such 'Earnings Mo' to Price Mo'" stocks could be expected to outperform as price momentum leaders 'cool off,'" he wrote. But he said that the long-term story is "exceptionally robust," thanks to an expected "productivity boost" from China.

Persons: Evercore, Julian Emanuel, Emanuel, Price Mo, CNBC's Organizations: CNBC, Deere & Co Energy, Cheniere Energy, Alnylam Pharmaceuticals Communication, Pinterest, Eversource Locations: China

☆ 'Barbenheimer' will be a real shot in the arm to the movie business: Comscore's Paul Dergarabedian
▼ + stars: | 2023-07-21 | 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 Email'Barbenheimer' will be a real shot in the arm to the movie business: Comscore's Paul DergarabedianPaul Dergarabedian, Comscore senior media analyst, joins 'Squawk Box' to preview the double feature of Barbie and Oppenheimer, known by some as "Barbenheimer', what to expect from both films in what might be Hollywood's most anticipated opening weekend of the year, and more.

Persons: Comscore's Paul Dergarabedian Paul Dergarabedian, Barbie, Oppenheimer

☆ Peru's Boluarte calls protests 'threat to democracy,' key mining zones to back them
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

[1/2] Demonstrators participate in a march called by Peru's General Workers Union against President Dina Boluarte's administration, in Lima, Peru, March 9, 2023. REUTERS/Alessandro Cinque/File PhotoLIMA, July 18 (Reuters) - Peru's President Dina Boluarte said on Tuesday that anti-government protests expected to begin this week are "a threat to democracy and the rule of law," seven months after the ousting of her predecessor launched months of deadly protests. Key mining areas in Peru are planning to support a new round of anti-government protests, said Jose de Echave, the head of environmental NGO CooperAccion, who added that groups of miners from the Andean country's key copper mining corridor are set to arrive in Lima. Peru's is the world's second-largest copper producer and its mining corridor in Condoroma, Cusco, is used by MMG's . Reporting by Marco Aquino; Writing by Sarah Morland; Editing by Alexander Villegas, William MacleanOur Standards: The Thomson Reuters Trust Principles.

Persons: Dina Boluarte's, Alessandro Cinque, LIMA, Dina Boluarte, Boluarte, Pedro Castillo, Jose de Echave, Peru's, Marco Aquino, Sarah Morland, Alexander Villegas, William Maclean Organizations: Peru's General Workers Union, REUTERS, HK, Thomson Locations: Lima , Peru, Peru, Lima, Condoroma, Cusco

☆ Mick Jagger is turning 80 – here's how the Rolling Stones became the world's biggest live act
▼ + stars: | 2023-07-16 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +1 min

Rolling Stones frontman Mick Jagger turns 80 on July 26. The Stones are the highest-grossing live act since 1980, per Pollstar, taking $2.1 billion. Morning Brew Insider recommends waking up with, a daily newsletter. The Rolling Stones were formed in 1962 and are still one of the world's most famous and adored rock bands. As Jagger celebrates his 80th birthday, we take a look at how the Stones became a musical – and commercial – juggernaut.

Persons: Mick Jagger, Mick Jagger's, Jagger Organizations: Billboard, Morning, RIAA

☆ Evercore's Mark Mahaney breaks down his top large-cap picks
▼ + stars: | 2023-07-11 | 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 EmailEvercore's Mark Mahaney breaks down his top large-cap picksMark Mahaney, Evercore ISI head of internet research, joins 'Squawk on the Street' to discuss Evercore shuffling the top big-cap stocks.

Persons: Mahaney, Mark Mahaney

☆ Taylor Swift's Eras Tour is set to earn a record-breaking $1 billion in sales—here are the 10 highest-grossing tours
▼ + stars: | 2023-07-04 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

Exactly how much Swift's tour has earned is unclear, as it hasn't been reporting nightly grosses to Billboard Boxscore, which tracks concert tour data. Last December, Billboard estimated that Swift's tour would gross $590 million based on 52 tour dates. This suggests that over $1 billion in total gross revenue is likely. With the added dates, another estimate has Swift taking in a total of $1.4 billion in gross revenue, according to concert data tracker Pollstar. Based on the survey's findings, total spending on Taylor Swift's tour in 2023 is expected to be around $5 billion.

Persons: Taylor Swift, Elton John's, Elton John —, Ed Sheeran, Roger Waters, Harry Styles —, Taylor, Warren Buffett Organizations: Wall Street, Billboard, Coldplay, Ticketmaster Locations: America, Asia, Australia, Europe

☆ Glencore proposes to buy remaining stake of PolyMet
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: 1 min

July 3 (Reuters) - Glencore Plc (GLEN.L) said on Monday it had proposed to buy the remaining stake in copper miner PolyMet Mining (PLM.A) it does not already own for about $71 million. The Swiss commodity trader already owns 82.26% of PolyMet. Glencore's non-binding cash offer of $2.11 per share values PolyMet at about $410 million, according to Reuters calculation. Shares of PolyMet more than doubled in premarket trading to $1.87. Reporting by Tanay Dhumal in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Tanay, Shilpi Majumdar Organizations: Glencore, Canada's Teck Resources, Thomson Locations: Swiss, Glencore, Bengaluru

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