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Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "We're debating maybe taking some profits into the quarter," Marks said, adding that big-ticket items like appliances aren't selling well right now given the weaker consumer. 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, Stocks, Jerome Powell's dovish Jackson, Powell, Jeff Marks, Evercore, Blackwell, Marks, Jim Cramer's, Jim Organizations: CNBC, Federal, Tech, Nvidia, Broadcom, Devices, Club, AMD
In addition to the headline numbers, here are three other factors to keep in mind when Palo Alto reports after Monday's market close. Palo Alto cut its 2024 full-year guidance for revenue and billings during quarterly results in February because of its pivot to "platformization," or bundling its products and services. Shares of Palo Alto nosedived 28% in the session following the Feb. 20 release. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance 2. As for other competitors, the case for companies to give Palo Alto their business just keeps getting stronger.
Persons: Jeff Marks, Palo, Nikesh Arora, it's, Jim Cramer, Wells Fargo, Evercore, CrowdStrike, Arora, we've, Jim Cramer's, Jim, Chris Jung Organizations: Palo Alto Networks, Wall, Palo Alto, Palo, billings, Palo Alto nosedived, Barclays, Alto, Investors, CNBC, Mobile, Congress, Fira, Barcelona, Getty Locations: Palo Alto, Palo, billings, Barcelona, Spain
CNBC Daily Open: Wall Street surges; Starbucks ousts CEO
  + stars: | 2024-08-14 | by ( Abid Ali | ) www.cnbc.com   time to read: +4 min
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Economic uncertainty Home Depot exceeded quarterly expectations but lowered its full-year sales outlook , citing weak demand due to high interest rates and consumer uncertainty. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. The baristas have to be energised, clearly they've had some union problems, clearly they've had a lot of new products that haven't worked," Palmer told CNBC "Squawk on the Street." Chief Financial Officer Richard McPhail told CNBC, "Customers aren't just deferring because of higher financing costs.
Persons: Richard McPhail, Laxman Narasimhan, Brian Niccol, Narasimhan, Mellody Hobson, Narasimhan —, Niccol, David Palmer, they've, haven't, Palmer, Sarat Sethi, CNBC's, Sethi, , Sarah Min, Amelia Lucas, Brian Evans, Samantha Subin, Jennifer Elias, Jeff Cox, Spencer Kimball Organizations: New York Stock Exchange, CNBC, Jefferies, Google, Apple, Gemini, Evercore ISI, Depot, Douglas, Lane & Associates, McDonald's, Starbucks, Walmart Locations: New York City, China
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
Several analysts raised their ratings and price targets on Starbucks a day after news that Chipotle CEO would take over at the coffee chain. Starbucks shares rallied on the news, while Chipotle shares fell. He also lowered his price target on shares to $685 from $750, which implies just 6% upside from Monday's close. Chipotle shares pulled back of 7% comes as decelerating trends and a sector rotation already impacted Chipotle's multiple. Since Niccol took the position of CEO in 2018, Chipotle shares surged more than 770%.
Persons: Bernstein, Fatima Boolani, Boolani, — Hakyung Kim, Eli Lilly Eli Lilly's, Berenberg, Lilly, Kerry Holford, " Holford, Morgan Stanley, Keith Weiss, Weiss, Hakyung Kim, Brian Niccol's, Danilo Gargiulo, Gargiulo, Niccol, Chipotle, Laxman Narasimhan, Brian Niccol, Baird, David Tarantino, Fred Imbert Organizations: CNBC, Citi, Palo Alto, Palo Alto Networks, pharma, Intuit, Starbucks, Deutsche Bank, SBUX Locations: Tuesday's
Don't get too excited about this latest inflation report
  + stars: | 2024-08-13 | by ( Brian Evans | ) www.cnbc.com   time to read: +1 min
Stocks had a strong showing Tuesday after the latest U.S. wholesale inflation report came out. In other words, just because PPI rose less than expected, it doesn't mean investors should expect a tame CPI report on Wednesday. "Financial markets seem to react too much every month to PPI," said Stanley, the bank's chief economist. " The S & P 500 closed Tuesday's session nearly 2% higher, while the Nasdaq Composite climbed 2.4%. The major averages are now well above the lows seen in Aug. 5, when the Dow and S & P 500 suffered their biggest one-day pullbacks since 2022.
Persons: Stocks, Stephen Stanley, Stanley, Dow, David Russell, We're Organizations: ISI, PPI, Santander U.S, CPI, Federal Reserve, Nasdaq, Dow Jones Industrial
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChipotle's Brian Niccol is 'the guy' to turn around Starbucks' premium brand, says Evercore's PalmerDavid Palmer, Evercore ISI analyst, joins 'Squawk on the Street' to discuss the challenge of reestablishing the premium brand Starbucks once was, why the analyst didn't rerate Starbucks' stock, and much more.
Persons: Brian Niccol, Evercore's Palmer David Palmer, didn't
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLabor data will decide the amount of rate cuts this year, says Evercore ISI's Krishna GuhaKrishna Guha, Evercore ISI Vice Chairman, joins 'Closing Bell Overtime' to talk what's driving the Fed, the markets, and the economy.
Persons: Evercore ISI's Krishna Guha Krishna Guha, Evercore Organizations: Labor, Fed
In this article SBUXCMG Follow your favorite stocks CREATE FREE ACCOUNTBrian Niccol, CEO of Chipotle Anjali Sundaram | CNBCWall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decadeslong Howard Schultz era. Starbucks tapped Niccol as its latest chief executive and chair on Tuesday. Niccol replaces Laxman Narasimhan, who took over the top job in March 2023 after being handpicked by former CEO Schultz. Other analysts wrote glowingly of Niccol, seeing him as the right person to tackle Starbucks' sluggish sales. Some analysts believe that having Niccol, an experienced restaurant CEO, in the driver's seat could mean that Schultz finally moves on.
Persons: Brian Niccol, Chipotle Anjali Sundaram, Howard Schultz, Niccol, Laxman Narasimhan, Schultz, TD Cowen, Andrew Charles, Piper Sandler, Baird, Oppenheimer, Brian Bittner, Brian, David Palmer, Morgan Stanley, Brian Harbour, Mellody Hobson, Niccol's, Hobson, Gordon, Don Bilson, Chipotle, Steve Ells, Bernstein, Danilo Gargiulo Organizations: CNBC, Starbucks, SBUX, Newport Locations: Denver, Newport Beach
Here are Monday's biggest calls on Wall Street: UBS reiterates Nvidia as buy UBS said it's sticking with Nvidia shares heading into earnings later this month. Wolfe downgrades Qualcomm to peer perform from outperform Wolfe said Apple's internal modem use is finally having an effect on Qualcomm. Jefferies upgrades Par Technology to buy from hold Jefferies said it's bullish on shares of the "pure-play" restaurant tech platform. " Deutsche Bank upgrades Eli Lilly to buy from hold Deutsche upgraded the stock following earnings last week. Bank of America upgrades Churchill Downs to buy from neutral Bank of America said it likes the racing company's growth pipeline.
Persons: Morgan Stanley, Disney, it's, Wolfe, Qualcomm, Wedbush, it's bullish, Jefferies, Walmart Evercore, Piper Sandler, Piper, HOOD, Goldman Sachs, Mills, Goldman, Canaccord, Mizuho, Cummins, Wells, PRU, Eli Lilly, Churchill, Jim Anderson Organizations: UBS, Nvidia, RBC, Ardent Health, Ardent Health Partners, Inc, Qualcomm, Jefferies, Technology, Walmart, HSBC, GE Vernova, GE, Micron, MU, Elliott, Bank of America, Liberty Global, underperform Bank of America, Liberty, Prudential, Allstate, Deutsche Bank, Deutsche, of America, " Bank of America Locations: Asia, Cupertino, Wells, Churchill
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are set up for 'very nice fall' in the housing sector, says Evercore's Stephen KimStephen Kim, Evercore ISI head of housing research, joins 'Money Movers' to discuss the Fed's rate path impact on the housing sector, why homebuilder stocks are incredibly cheap, and what investors should buy at today's levels.
Persons: Evercore's Stephen Kim Stephen Kim, Evercore
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA September Fed cut is unlikely to impact mortgage rates, says Evercore's Stephen KimStephen Kim, Evercore ISI senior managing director, joins 'Power Lunch' to discuss interest rates and the housing market.
Persons: Evercore's Stephen Kim Stephen Kim
(This is CNBC Pro's live coverage of Monday's Wall Street chatter as global markets sell off. — Lisa Kailai Han 7:02 a.m.: How long sell-offs typically last Bad news: The current market sell-off may have further to go. — Lisa Kailai Han 6:09 a.m.: Oppenheimer's Stoltzfus: Best to not 'jump to conclusions' Investors need to have a cool head as global markets sell off, according to Oppenheimer's John Stoltzfus. — Fred Imbert 5:51 a.m.: Global markets in an 'aggressive risk-unwind', Vital Knowledge says Fears of a U.S. recession are pressuring global markets, leading investors around the world to sell some of this year's top winners, according to Adam Crisafulli of Vital Knowledge. "Markets are caught in an aggressive risk-unwind as equities plunge around the world, with tech getting hit particularly hard," he wrote in a note Monday.
Persons: Wharton's Siegel, Jeremy Siegel, CNBC's, Siegel, hasn't, it's, … They're, , Lisa Kailai Han, Tom Lee, Lee, Duncan Toms, Toms, Fred Imbert, Victoria Greene, Greene, It's, Nimrit Kang, — Lisa Kailai Han, Dan Ives, Gene Goldman, Gennadiy Goldberg, Ives, Goldman, Goldberg, Oppenheimer's John Stoltzfus, Evercore, Ed Hyman, Hyman, Adam Crisafulli, Crisafulli Organizations: CNBC, Stock, Nikkei, Dow Jones Industrial, Nasdaq, Wharton, Federal Reserve, Fundstrat Global, HSBC, G Squared, Wealth, NorthStar Asset Management, Street, Wedbush, TD Securities, Federal, NASDAQ, U.S, Fed, Global Locations: U.S, Europe, Japan, China
Investors may way to consider buying the dip in Amazon , according to some Wall Street analysts. A 'bright spot' in AWS Despite Thursday's disappointing results, many Wall Street analysts are finding the positive in the company's Amazon Web Services division. Many expect this business to continue gaining steam, with Susquehanna Financial Group's Shyam Patil referring to this acceleration as a "bright spot" in the results. Evercore ISI's Mark Mahaney referred to accelerating AWS growth as one of "three fundamental catalysts" for the stock. Bank of America's Justin Post named the stock the firm's top large cap picks, citing the AWS acceleration and opportunity within artificial intelligence.
Persons: Deutsche Bank's Lee Horowitz, Deutsche Bank's Horowitz, Mark Shmulik, Shyam Patil, Patil, Morgan Stanley's Brian Nowak, Evercore, Mark Mahaney, Bank of America's Justin Post, We're, Doug Anmuth, Anmuth Organizations: Deutsche, Wall, Web Services, Susquehanna, Bank of America's
Along with the downgrade, Roach slashed her price target to $286 from $463. Along with the downgrade, Arya cut his price target to $23 from $35 a share. — Samantha Subin 6:15 a.m.: Apple results suggest 'best is yet to come,' support multiyear upgrade cycle The latest earnings report from Apple reaffirms analysts' confidence in the technology giant and a multiyear upgrade cycle when it launches its latest iPhone later this year. Bernstein's Mark Shmulik trimmed his price target by $5 to $210 a share but encouraged investors to use the sell-off as an entry point. His price target of $95, down from $99, implies downside of 6.6% over the next 12 months.
Persons: Wells Fargo, Morgan Stanley, Henning Cosman, Cosman, — Samantha Subin, Goldman Sachs downgrades Lululemon, Goldman Sachs, Lululemon, Brooke Roach, Roach, LULU YTD, Vivek Arya, Arya, Samantha Subin, America's Wamsi Mohan, macOS, Samik Chatterjee, Citi's Atif Malik, Bernstein's Toni Sacconaghi, Morgan Stanley's Brian Nowak, ISI's Mark Mahaney, Bernstein's Mark Shmulik, Wells, downgrades Morgan Stanley Wells Fargo, Mike Mayo, Mayo, Morgan, Fred Imbert Organizations: CNBC, Barclays, Ferrari, Bank of America, Intel, AMD, Apple, Apple Intelligence, America's, Amazon, Web Services, North Locations: Europe, U.S, Lululemon
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElevated volatility is going to be present over the next two months, says Virtus' Joe TerranovaVirtus’ Joe Terranova, CIC Wealth’s Malcolm Ethridge and Evercore ISI's Mark Mahaney, join 'Closing Bell' to discuss markets, the Fed and their broader economic outlook.
Persons: Virtus, Joe Terranova Virtus ’ Joe Terranova, Malcolm Ethridge, Mark Mahaney Organizations: Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow a second Trump presidency could impact the Fed and the economyKrishna Guha, Vice Chairman of Evercore ISI, discusses how a second Trump presidency could impact the Federal Reserve.
Persons: Trump, Krishna Guha Organizations: ISI, Federal Reserve
iPhone sales are expected to reach $38.64 billion and decline more than 2% year over year as the company grapples with a stretch of stagnant growth. Long also echoed concerns the new iPhone won't be enough to fuel a "meaningful" upgrade cycle to support the premium. AI-fueled upgrade cycle Apple's September quarter is expected to include about a week of new iPhone sales. Wall Street will also keep a close watch on China sales following an 8% decline during the second quarter. "While Greater China sales remain sluggish, mainland China iPhone sales have been stronger than expected and we are encouraged by iPhone demand picking up in emerging markets," said Raymond James analyst Srini Pajjuri.
Persons: ISI's Amit Daryanani, Tim Long, Long, iPhones bottoming, Evercore, bode, Bernstein's Toni Sacconaghi, tailwinds, JPMorgan's Samik Chatterjee, Baird's William Power, Raymond James, Srini Pajjuri Organizations: Apple Intelligence, Barclays, Apple, Verizon, Huawei Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Virtus’ Joe Terranova, CIC Wealth’s Malcolm Ethridge and Evercore ISI's Mark MahaneyVirtus’ Joe Terranova, CIC Wealth’s Malcolm Ethridge and Evercore ISI's Mark Mahaney, join 'Closing Bell' to discuss markets, the Fed and their broader economic outlook.
Persons: Virtus ’ Joe Terranova, Malcolm Ethridge, Mark Mahaney Virtus, Joe Terranova, Mark Mahaney Organizations: Virtus ’, Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFocus will be what Apple intelligence could mean for iPhone 16, says Evercore ISI's Amit DaryananiAmit Daryanani, IT hardware analyst at Evercore ISI, joins 'The Exchange' to discuss the preview into Apple as investors wait for the tech giant to report its earnings after the bell.
Persons: Evercore ISI's Amit Daryanani Amit Daryanani Organizations: Apple, Evercore ISI
Meta shares jump on Q2 beat, raises 2024 capex outlook
  + stars: | 2024-07-31 | by ( ) 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 EmailMeta shares jump on Q2 beat, raises 2024 capex outlookMark Mahaney, Evercore ISI head of internet research, and Angelo Zino, CFRA senior analyst, join 'Closing Bell Overtime' to talk Meta Q2 earnings.
Persons: Mark Mahaney, Angelo Zino, CFRA Organizations: Meta
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
Evercore's Palmer: McDonald's had a 'sobering quarter'
  + stars: | 2024-07-29 | 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 Palmer: McDonald's had a 'sobering quarter'David Palmer, Evercore ISI managing director, joins 'Squawk on the Street' to discuss McDonald's quarterly earnings results, how concerning the international markets are for fast food, and much more.
Persons: Evercore's, McDonald's, David Palmer
Here are Monday's biggest calls on Wall Street: Morgan Stanley reiterates Live Nation as overweight Morgan Stanley said shares of the entertainment concert company are compelling. " Cantor Fitzgerald reiterates Nvidia as overweight Cantor said the stock is still a top pick at the firm. Guggenheim upgrades Akamai to buy from neutral Guggenheim said shares of the cloud computing networking company have more room to run. Bank of America reiterates Apple as buy Bank of America said it's bullish heading into Apple earnings later this week. JPMorgan reiterates Eli Lilly as overweight JPM said the stock is a "core holding" ahead of earnings on August 8.
Persons: Morgan Stanley, Cantor Fitzgerald, Cantor, TD Cowen, AAPL, Wells, Booz Allen Hamilton, it's, Guggenheim, Piper Sandler, Charles Schwab, Piper, Schwab, Olin, Mizuho, Bill Brown's, Myers Squibb, JPMorgan, Eli Lilly, JPM, Evercore, Tesla, Oppenheimer, Raymond James, Davidson, Raymond James downgrades Organizations: NVDA, MU, Apple, Huawei, Booz, Guggenheim, RBC, Deutsche Bank, Northrop, Deutsche, JPMorgan, Uber, Holdings, 3M, " Bank of America, Bank of America, Edge, Barclays downgrades Bristol, Myers Squibb, Barclays, Bristol, Ford, Microsoft, Charter, HSBC Locations: China, underperform
Of those names, 78% have beaten earnings expectations. Tuesday Advanced Micro Devices is set to report earnings after the bell. Thursday Apple is set to report earnings following the market close. This quarter: Expectations are muted around the tech giant, with analysts forecasting just 6% year-over-year earnings growth, according to LSEG data. This quarter: Analysts polled by LSEG see earnings growth of more than 55% for Amazon.
Persons: Ruben Roy, Jefferies, AAPL, Baird, Will Power, AMZN, LSEG, Brian Pitz, 120bps Organizations: Microsoft, Devices, Apple, Google, CNBC, AMD, LSEG, GPU, ISI, Apple Intelligence, Amazon, BMO
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