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The vast majority of analysts surveyed by FactSet hold a strong buy or buy rating on the stock. Despite its recent slowdown, analysts surveyed by FactSet have a consensus buy rating on the dominant e-commerce platform. Bullish voices on the stock include Goldman Sachs analyst Eric Sheridan, who recently reiterated a buy rating and $230 price target. JPMorgan's Anmuth is similarly positive on Amazon ahead of earnings, rating the stock overweight and saying it remains the favorite in the bank's firm's internet sector coverage. The consensus FactSet rating on Meta is buy, with an average price target of $604, suggesting just 2.3% potential upside.
Persons: Roundhill, , selloff, Goldman Sachs, Kash Rangan, Nvidia's Blackwell, Brad Zelnick, Amit Daryanani, Daryanani, Apple's wearables, qtr, Tim Cook's, you'd, Morgan Stanley, Jensen, Blackwell, Biden, Tesla, enthusiam, Elon, Wells, Colin Langan, Department's, Doug Anmuth, Bank of America's Justin Post, Eric Sheridan, Sheridan, Goldman, Anmuth, Baird, Roth MKM, JPMorgan's Anmuth, Goldman's Sheridan, Meta's, — CNBC's Michael Bloom Organizations: Apple, Microsoft, Nvidia, Tesla, CNBC, Windows, Investment, Deutsche Bank, Justice Department, Blackwell, Bloomberg, Ford, General Motors, EV, Google, FactSet, Bank of America's, ISI, Walmart, Costco, eBay, Meta, Ray, Labs, Facebook, Temu, Goldman Locations: China, FactSet, ., Downside, U.S, Wells Fargo, American, Meta's Asia, Pacific
Monday, October 14, 2024: Cramer says don't sell this financial stockJim and Jeff discuss why the Investing Club is closely watching this financial stock. They also take a deep dive into this mega cap tech stock. Finally, they break down their latest buy of this consumer discretionary stock.
Persons: Cramer, Jeff
Both sisters are retired and single and have collectively spent 1,500 days at sea so far. Each already booked their spots on 2025 Holland America Line cruises that are over 100 days long. "I kept taking cruises of longer lengths — 30 days, then 45, then 80, and learned I liked long stretches at sea," Johnston told Business Insider. Although the sisters don't always travel together, they've collectively spent over 1,500 days at sea — many of them on Holland America Line ships. Without all of that, I have a lot more money to spend on travel," Johnston told BI.
Persons: Jo Johnston, Elaine Durham, , Johnston, they've, They've, — Johnston, wouldn't, Durham, would've, she's, — they've, I've Organizations: America Line, Service, Business, Holland America, Holland America Line's, BI Locations: America, Holland, Durham, Barcelona, Europe, Canada, New England
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "This is definitely a different agenda than previous presidents," Rebecca Allensworth, an antitrust expert at Vanderbilt University, told Business Insider. AdvertisementHere are some of the biggest companies Khan and Biden have targeted. "I think there's a reason why they have one big monopolization case, at least, against each of the four major American tech companies," Allensworth told BI.
Persons: Joe Biden's, Biden, , Joe Biden, Rebecca Allensworth, Kamala Harris, Lina Khan, Khan, Rafael Henrique, Merrick Garland, Alain Jocard, Sundar Pichai, Justin Sullivan, Jeff Bezos, EMMANUEL DUNAND, WhatsApp, Allensworth, it's Organizations: Google, Apple, Meta, Microsoft, Service, Vanderbilt University, Big Tech, Federal Trade Commission, Nvidia, OpenAI, Department of Justice, The New York Times, FTC, Getty, Justice Department, Nation Entertainment, Prosecutors, DOJ, The, Department, Amazon, Tech, JetBlue, Spirit Airlines, Albertsons Companies Locations: OpenAI
This time of year typically tests nerves, more so when — as now — an election is onrushing and the S & P 500 was already up 20% for the year. Since June 30, the equal-weighted S & P 500 has gained 9.5%, more than triple the Nasdaq 100's rise. A buyer at the mid-July S & P 500 peak of 5667 sustained a quick 8% tumble in three weeks. Goldman Sachs calculated VIX being this elevated with the S & P 500 calmly clicking to record highs is essentially unheard-of. Cash that's still yielding well more than inflation and bonds holding their value allow investors to shoulder higher equity exposures rather than rotating out.
Persons: isn't, it's, Goldman Sachs, Cash, Friday's Organizations: Federal Reserve, Nasdaq, American Association of, Deutsche, , Bank
With the bull market in stocks now two years old, investors are wondering how long the rally can last. AdvertisementThe stock market bottomed on October 12, 2022, marking two years since the start of the ongoing bull rally. A resilient job market, lower inflation, and continued corporate earnings growth helped push the stock market higher over the past two years. A common Wall Street expression is "rotation is the lifeblood of a bull market," and that appears to be playing out. Advertisement"Although many might think this bull market has gone too far and is getting old, that isn't the case at all.
Persons: , Jay Woods, Woods, Ryan Detrick, Detrick, Baird, Ross Mayfield Baird, Ross Mayfield, Mayfield, Rob Haworth, Haworth Organizations: Service, Nasdaq, Dow Jones, Freedom Capital, Jay, Freedom Capital Markets, Carson, Carson Group, Business, Asset Management, Rob, Bank Asset Management, Federal Reserve
On Wednesday, House Democratic Caucus Chair Pete Aguilar, D-Calif., joined Rep. Susan Wild, D-Pa., here on a tour of Latino-owned small businesses. Though she is the incumbent and older than Mackenzie, Wild, 67, labeled Mackenzie, 42, a “career politician,” noting he has served in elected office for 12 years — twice as long as her. “She has a failed record on border security,” Mackenzie said in a Thursday interview after a rally with Johnson in Hellertown. “Every state is a border state, as we say, because they opened the border wide, and ya’ll, they did it intentionally, OK? A recent NBC News/Telemundo/CNBC poll found that support for Harris among Latino voters is at 54%, the lowest level in the past four presidential election cycles.
Persons: Pete Aguilar, Susan Wild, Mike Johnson, Ryan Mackenzie, Hakeem Jeffries, Katherine Clark, Mackenzie, , Wild, ” Wild, , Joe Biden, Donald Trump, Aguilar, Billy Joel, , Matthew Tuerk, Tuerk, Scott Wong, Del Abuelo, Kamala Harris ’, Charlie Dent, Milou Mackenzie, “ She’s, Greenberg Lemus, Del, she’s, ” Mackenzie, Johnson, ” Johnson, Trump, Harris, he’s, hasn’t, Victor Martinez, He’s, Tim Walz, Martinez, It’s, She’s, mischaracterize, he's, you’re Organizations: Congressional, House Democratic, GOP, Republican, NBC, Republicans, Census, Allentown, El, El Tablazo, Democratic, La, Democrat, Steel, Bethlehem Steel, NBC News, Telemundo, CNBC, Allentown’s Puerto Rican Parade, Dominican, ” Radio, Mega Locations: ALLENTOWN, Pa, , Lehigh, Hellertown, D, Easton, Allentown, Pennsylvania, Aguilar, Lehigh Valley, Philadelphia, Puerto Rico, Dominican Republic, Mexico, Colombia, Guatemala, Venezuela, New York, New Jersey, U.S, Bethlehem, Dominican, Wild, Harrisburg, Mexican American, Allentown —, Reading, Puerto, , Mexican
CNN —Most musicians dream of winning a Grammy, but there’s only one award Chappell Roan is aiming for. So what better way to cap off her mega year than by winning her first Grammy Award? Creative director Ramisha Sattar and recording artist Chappell Roan. Universal Music Group“Please, please, please put some type of energy, a spell, whatever, that we get nominated for the Grammy,” Roan said in the video. “She is just as much Chappell Roan as I am, honestly,” Roan told CNN.
Persons: Chappell Roan, , Taylor Swift, Roan, , “ I’ve, I’ve, Ramisha Sattar, ” Roan, “ It’s, Kamala Harris, Sattar, Gen Z Lisa Frank, ” Sattar, Chappell Organizations: CNN, Austin, MTV, Recording, Universal, ” Universal Locations: Roan, Instagram
JPMorgan and Wells Fargo reported strong earnings that eased fears of a consumer slowdown. September's producer price index was flat, calming inflation concerns amid rising yields. JPMorgan CEO Jamie Dimon praised his bank's performance in the earnings release but warned that geopolitical conditions are "treacherous and getting worse." AdvertisementApart from earnings results, retail sales data, set to be released on October 17, is the next big data release for investors to watch. Here's where US indexes stood at the 4:00 p.m. closing bell on Friday:AdvertisementHere's what else is going on:In commodities, bonds, and crypto:
Persons: Dow Jones, Wells, , Wells Fargo, Jamie Dimon, Dimon, David Russell Organizations: JPMorgan, Service, Dow Jones, PPI, Business, Bank of America
Goldman Sachs reiterates Nvidia as buy Goldman raised its price target to $150 per share from $135 following a series of Nvidia management meetings. Morgan Stanley names Atlassian a top pick Morgan Stanley named Atlassian a top idea and says the software company is well positioned for share gains. Morgan Stanley reiterates Eli Lilly as overweight Morgan Stanley raised its price target on the stock to $1,158 per share from $1,106. JPMorgan reiterates Amazon, Uber and Meta as top picks JPMorgan said in a note on Friday that Amazon, Uber and Meta were the firm's top three picks heading into earnings. JPMorgan upgrades Ferrari to overweight from neutral The firm says it's more constructive on the luxury automaker following a series of management meetings.
Persons: Wells, Redburn, Mercado, Morgan Stanley downgrades Qorvo, Morgan Stanley, Goldman Sachs, Goldman, Jensen Huang, Colette Kress, Stewart Stecker, Atlassian, Eli Lilly, LLY, Mizuho downgrades Mobileye, Kinder Morgan, it's bullish, Benedetto Vigna, Investor Relations Aldo Benetti, Tesla, Guggenheim Organizations: Bank of America, Broadcom, TAM, UBS, Devices, Mercado Libre, Nvidia, Pharma, Mizuho, JPMorgan, Meta, of America, Ferrari, Investor Relations, Netflix, Guggenheim, Walmart Locations: America, OW, China
Let's dig into what this pattern represents, and what key price level investors should be watching for in the days to come. This week's sell-off could result in the formation of the right shoulder, completing the set-up of this bullish price pattern. Further price support could emerge at the 61.8% retracement level using the March to September rally as a framework for the analysis. Note how this neckline lines up almost perfectly with the 38.2% Fibonacci retracement level using the framework described above. Other Magnificent 7 stocks Interestingly enough, Alphabet is not the only Magnificent 7 name testing its 200-day moving average this week.
Persons: GOOGL, David Keller Organizations: Inc, Microsoft Corp, CMT, CNBC, NBC UNIVERSAL
That’s why I’ll continue updating this article throughout October Prime Day, which is halfway over — if you haven’t started shopping, what are you waiting for? SKIP AHEAD Best Prime Day deals | More Prime Day sales | Best sales at other retailers | How I found the best Prime Day deals | Why trust NBC Select? Best Prime Day salesHere are the best Prime Day sales to know about. Best Prime Day home essentials salesBest Prime Day beauty and wellness salesBest Prime Day tech salesBest Prime Day grocery salesBest Prime Day home salesBest Prime Day kitchen salesBest Prime Day pet supplies dealsBest sales at other retailersHow I found the best Prime Day dealsAll of my recommendations above are based on NBC Select’s previous coverage and reporting. I’m an associate updates editor for NBC Select who's covered deals and sales for five years.
Persons: I’ve, , Sadhana Daruvuri, , Lindsay Schneider, shea butters, Rosalie Sparaco, You’re, It’s, Rebecca Rodriguez, Alexa, you’ll, Bianca Alvarez, deodorant, Ashley Morris, TikTok Organizations: NBC, Deal, Bath, Alexa, AA, Wellness, Giftable Tech, Facebook, Twitter Locations: , New York City
You'll have to spend more to win big, as Mega Millions plans to raise its ticket price as part of a revamp that promises bigger prizes, the lottery announced Monday. There will be bigger prizes won more frequently, along with slightly improved odds of winning, according to the consortium that runs the lottery. Perhaps the most significant change affecting the most players is the automatic prize multiplier, which currently costs an additional $1 on top of a $2 ticket. Starting in April, this multiplier will be built into the ticket price, automatically boosting non-jackpot winnings. For example, if you match the numbers on three white balls and the Mega Ball, you currently win a $200 prize.
Persons: they'll Organizations: CNBC, U.S . Locations: Washington, U.S, U.S . Virgin
All eyes are on Nvidia milestone into Wednesday's close
  + stars: | 2024-10-09 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
Nvidia is the stock to watch heading into Wednesday's close. The mega-cap tech stock that is everyone's artificial intelligence barometer is nearing a milestone with its recent rally. At its high for Wednesday's session it reached $134.52. The morning move higher in Nvidia helped to lift the S & P 500 to an intraday record . A record close for Nvidia, along with an S & P 500 record close, could indicate to some that the artificial intelligence trade that's powered the bull market is back on.
Persons: Katie Stockton, She's, Stockton Organizations: Nvidia Locations: Wednesday's
JPMorgan's top strategist had something positive to say about stocks for the first time in a while. "While it is too soon to assume that this is a turning point, it does suggest that a recession is unlikely in the near term." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But that seems to be changing, based on a Tuesday note from JPMorgan chief global equity strategist Dubravko Lakos-Bujas. "We are neutralizing our long Defensive and short Cyclicals view," Lakos-Bujas said.
Persons: Dubravko Lakos, Bujas, Organizations: JPMorgan, Service, Reserve, Federal Reserve, & $ Locations: China, buybacks
Why health care could be a winner heading into year-end
  + stars: | 2024-10-09 | by ( Fred Imbert | ) www.cnbc.com   time to read: +2 min
Health care may be the answer, if history is any indication. The Health Care Select Sector SPDR Fund (XLV) has posted a November gain in eight of the last 10 years. Health care trades at a forward price-to-earnings ratio of 22.2, while the S & P 500 has a multiple of 24. The optimism around health care comes as the sector lags the broader market. Some health care names poised to do well, according to Krinsky, are Masimo and Viking Therapeutics .
Persons: What's, Jonathan Krinsky, Krinsky Organizations: iShares Biotechnology, Viking Therapeutics, Viking, Politan, Citi, UPS, Amazon Logistics, Walmart Locations: China
Wednesday, October 9, 2024: What DOJ action would mean for this mega cap tech stockJeff Marks discusses the possible DOJ action against this mega cap tech stock. Jeff also discusses the stock moves for this semiconductor stock. Finally, Jeff breaks down the analyst call that 2024, isn't going to be a super cycle for this mega cap tech stock.
Persons: Jeff Marks, Jeff, isn't Organizations: DOJ
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMega caps will continue to take us to the promise land, says Capital Area's Malcolm EthridgeMalcolm Ethridge, Capital Area Planning Group managing partner, joins 'Closing Bell' to discuss markets, mega cap stocks and where he sees stocks go from here.
Persons: Malcolm Ethridge Malcolm Ethridge Organizations: Planning Group
Morgan Stanley notes October as a key month for tax-loss harvesting. Tax-loss harvesting can also be used to offset income by up to $3,000 a year. There are a couple of ways to counter your tax bill through tax-loss harvesting. IRS rules allow you to reduce your taxable income by up to $3,000 in a year from capital losses. According to the Morgan Stanley note, stocks that are susceptible to downward price pressure due to tax-loss harvesting typically see the most downside in October.
Persons: Morgan Stanley, , Chris Chen, Chen, that's Organizations: Service, Insight Financial, Walmart, Target
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Capital Area Planning Group's Malcolm Ethridge, American Century Investments’ Mike Rode and Obermeyer’s Ali Flynn PhillipsCapital Area Planning Group's Malcolm Ethridge, American Century Investments’ Mike Rode and Obermeyer’s Ali Flynn Phillips, join 'Closing Bell' to discuss their market outlooks and mega cap stocks.
Persons: Malcolm Ethridge, Mike Rode, Obermeyer’s Ali Flynn, Obermeyer’s Ali Flynn Phillips Organizations: Capital, Century Investments
Meanwhile, Jefferies began coverage of Reddit with a buy rating and a price target of $90. Champine said the Federal Reserve lowering interest rates was a driving force for the price target changes. Analyst William Kerr initiated coverage of the pet ecommerce retailer with a buy rating and $38 price target. RBLX YTD mountain RBLX in 2024 — Alex Harring 5:50 a.m.: Citi says UPS is a buy Buy the dip on UPS shares, according to Citi. Analyst Ariel Rosa initiated the delivery giant with a buy rating and a price target of $162.
Persons: Jefferies, Laura Champine, Champine, Helene, Milton, Lowe's, — Alex Harring, Piper Sandler downgrades Blackstone Piper Sandler, Crispin Love, Love, Blackstone, Morgan Stanley, Sanjit Singh, Singh, Alex Harring, TD Cowen, William Kerr, Kerr, Benjamin Soff, Soff, Ken Gawrelski, Gawrelski, Roblox, Ariel Rosa, Rosa, — Fred Imbert, John Colantuoni, Colantuoni, EBITDA Organizations: CNBC, Wednesday, Citi, UPS, Capital, Federal Reserve, Blackstone, Industry, Deutsche Bank, New York Times, Amazon Logistics, Walmart Locations: Wells, China, Tuesday's
And ‘X’ users say eating disorder content flourished on the platform. On Oct. 7, Hamas militants stormed the same base where Lifshitz was previously stationed, killing 15 young women in their assault. Many of the users identified as teen girls and young women, some as young as 13, NBC News found. Three users said that they’ve been exposed to eating disorder posts and communities on X through their algorithm-driven “For You” page, despite not knowingly engaging with such content previously. Despite X’s moderation, at least seven more communities featuring content promoting eating disorders and self-harm were identified.
Persons: Milton, Hurricane Milton, Helene, Cleon Dixon, Dixon, , , Sarasota County Sheriff Kurt Hoffman, Roni Lifshitz, Lifshitz, congregating, they’ve, Trump, Kamala Harris, Biden’s, Charles Ling, , Ricky Middlesworth, Kimmy Yam, he’s, Yam, Jessi, Kaylah Jackson Organizations: ., Sarasota County Sheriff, Hurricane, Israel Defense Forces, Israel Defense Forces ’, NBC, NBC News, ’ Media, Georgia, America Locations: Tampa, IDF, Florida, Gulf Coast, Hurricane, Milton, Sarasota County, Gaza
Lucky for Prime members, discounts during Prime Big Deal Days don’t stop at those front and center on Amazon’s homepage. Below, I broke down all the “secret” Prime Day deals you likely don’t know about, including those available through Buy with Prime, GrubHub and travel sites like Avis and Carnival. SKIP AHEAD Buy with Prime deals | Best credit card deals | Best GrubHub, travel and subscription deals | Why trust NBC Select? Buy with Prime dealsBeyond the discounted products on Amazon’s website, Prime members can use the Buy with Prime feature directly through participating brands’ websites. To round up the best Prime Big Deal Days deals on credit cards, travel, food and more, I researched promotions exclusive to Prime members on Amazon’s website.
Persons: Lucky, they’re, who’s, , you’ll, TikTok Organizations: Deal, Avis, Big Deal, NBC, Amazon Prime, Amazon, Cruises, Facebook, Twitter
New York CNN —The cost of a Mega Millions ticket is more than doubling, but the multi-state lottery game is promising that the bigger price comes with better odds. It’s the second time the price of a ticket has increased in Mega Millions’ 22-year history: In 2017, the price jumped from $1 to $2 — the same cost of a Powerball ticket. That’s also when Mega Millions adopted its current format of choosing six total numbers from two different pools – and when all the numbers match, including the gold Mega Ball, the player wins the jackpot. Mega Millions said that the increased ticket price will cause larger-starting jackpots, as well as faster-growing jackpots. Mega Millions is available to play in 45 states plus Washington, DC, and the US Virgin Islands.
Persons: It’s, That’s, , Joshua Johnston Organizations: New, New York CNN, Mega, Mega Millions Consortium, Virgin Islands Locations: New York, Florida, Washington, Virgin
Ark Invest expects this tech stock to disrupt Big Tech firms
  + stars: | 2024-10-08 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Big Tech companies will face stiff competition over the coming years, with emerging players in software and data management taking market share, according to Ark Invest. Mega-cap U.S. firms such as Microsoft , Amazon , Google , and Oracle have led the charge in the rise of artificial intelligence. Palantir Palantir, a data analytics company, appears to be providing customized AI and data services to its customers, compared with off-the-shelf products from Big Tech giants. The value of Palantir's services becomes even more compelling when combined with AI capabilities, according to Ark's Bhushan. So Palantir goes in, and it consolidates all this data," Bhushan noted.
Persons: Rahul Bhushan, CNBC's, Bhushan, Palantir, Ark's Bhushan, PLTR Organizations: Big Tech, Invest, Microsoft, Google, Oracle, Ark Invest, Amazon Web Services, Ark Venture
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