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☆ The struggle of being a workplace 'zillennial,' not knowing where you fit in
▼ + stars: | 2024-10-26 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

AdvertisementThere's been plenty of discussion of how millennials and Gen Zers cope in the professional world. Many Gen Zers, in comparison, prioritize work-life balance and keeping a job being "just a job." Jishnu Jayan Nair, 29, told BI it is "a bit tricky to find your place in the workplace" as a zillennial. Kevin Shahnazari, the 26-year-old founder of the credit card recommendation platform FinlyWealth, told BI being a zillennial has worked in his favor. "I think a lot of people are in this sort of push and pull of the zillennial — wanting to be their best, wanting to also slow down, wanting to embrace parts of both cultures," she said.

Persons: —, Gen Zers, Samantha Hart, Zers, perfectionism, Hart, millennials, she's, Zillennials, Lauren Farina, Farina, zillennials, Lauren Schneider, Schneider, Jayan Nair, Gen Zs, Millennials, Gen, Riannon Palmer, Lem, uhn, Palmer, Ilana Zivkovich, Werq, Kevin Shahnazari Organizations: Service, BI, of Labor Statistics Locations: Washington

☆ Video shows a baby kangaroo on the loose in Colorado
▼ + stars: | 2024-10-26 | by ( Samantha Lindell | ) edition.cnn.com time to read: 1 min

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☆ With worst-case scenario averted for now, White House and Harris campaign still face a serious liability in Middle East conflict
▼ + stars: | 2024-10-26 | by ( Kevin Liptak | ) edition.cnn.com time to read: +9 min

Still, if in Biden’s mind a worst-case scenario was prevented, the larger knot that is the Middle East conflict remains as firmly gnarled as ever. Biden and Harris joined a call Saturday with their national security team and were briefed on the the latest developments in the region according to the White House. But few believe there will be any resolution before the November 5 US presidential election, leaving Biden and Harris’ inability to bring stability to the region a serious political liability. Eyad Baba/AFP/Getty ImagesFor her part, Harris has offered little evidence she would adopt a different approach if elected. “As far as we’re concerned, that should close out the direct exchange between Israel and Iran,” the official went on.

Persons: Joe Biden’s, Kamala Harris ’, ” Biden, Biden, Harris, ” Harris, ”, “, Yahya Sinwar, Israel isn’t, don’t, Benjamin Netanyahu, Netanyahu, Donald Trump —, Trump, Donald J, ” Trump, Eyad Baba, CNN’s Anderson Cooper, —, Abdullah Hammoud, Antony Blinken, He’s, Israel’s, Biden’s, — Netanyahu, Betsy Klein, Samantha Waldenberg Organizations: CNN, White House, Trump, Republican, Aqsa Martyrs Hospital, Getty, United, Arab, Democratic, Iran’s Locations: Delaware, Iran, Israel, Tehran, United States, Lebanon, Gaza, Qatar, Michigan, Al, Aqsa, Deir al, AFP, CNN’s, Pennsylvania, Dearborn , Michigan

☆ Madison Square Garden versus the White House Ellipse: where Trump and Harris are making their final pitches
▼ + stars: | 2024-10-26 | by ( Eric Bradner | ) edition.cnn.com time to read: +9 min

The former president is returning to his hometown on Sunday for a rally in one of New York City’s most iconic landmarks, Madison Square Garden. Harris and Trump have made clear the issues they’re highlighting in the campaign’s last days. That argument illustrates what a Harris administration would look like compared with the threat Harris says Trump poses, the official said. The vice president continued that celebrity-fueled push Friday night in Texas – a rare visit to a state that is not a presidential battleground. The Madison Square Garden rally will be one of the most-covered moments of the race – with media coverage reaching into all seven swing states.

Persons: Donald Trump, Kamala Harris, Harris, Trump, Roe, Wade, She’s, Trump’s, ” Trump, –, ”, Harris ’, Tim Walz, “ She’s, He’s, ” Walz, Georgia –, Barack Obama, Harris detoured, Willie Nelson, ” Harris, Michelle Obama, It’s, Ronald Reagan, “ Kamala, she’s, Ohio Sen, JD Vance, They’re, ” Vance, “, ” CNN’s Priscilla Alvarez, Kit Maher, Aaron Pellish, Terence Burlij, Kate Sullivan, Kevin Liptak, Samantha Waldenberg Organizations: CNN, White, Capitol, CNN’s, Madison, Garden, Minnesota Gov, Sun, Houston, Lone Star State, Trump, New York City, Republican, GOP, New York, Fox News Radio, State, Democratic, The New York Times, Siena College, Oakland County GOP Locations: New York, Madison, “, America, Las Vegas, ”, North Carolina, Georgia, Texas, Michigan , Pennsylvania, Wisconsin, Arizona , Georgia, Nevada, Michigan, Madison Square, New, Austin , Texas, Austin, Oakland County, Detroit

☆ Tesla reports earnings after the bell. Here's what Wall Street expects from the struggling EV giant
▼ + stars: | 2024-10-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The stakes are high for Tesla when the electric vehicle giant reports results after the bell Wednesday. Analysts polled by LSEG expect the company to report earnings of 58 cents per share on $25.37 billion in revenue. The company posted adjusted earnings per share of 52 cents and revenue of $25.50 billion last quarter . Stakes are even higher for the company following an underwhelming robotaxi event earlier this month that failed to impress Wall Street analysts and investors hopeful for a turnaround. He retained an equal weight rating and $220 price target, implying shares will trade in a range from here.

Persons: Li, Ryan Brinkman, Piper Sandler, Alexander Potter, Potter, Cantor Fitzgerald's Andres Sheppard, Sheppard, Dan Levy, Jefferies, Philippe Houchois, Tesla Organizations: Tesla, LSEG, EV, Li Auto, Wall Street, Barclays Locations: China

☆ Exclusive: AI startup Attention just raised $14 million to bring its natural language processing tech to sales calls
▼ + stars: | 2024-10-22 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +4 min

AI startup Attention raised a $14 million Series A funding round from Alven, Eniac, and Frst. The startup uses AI and natural language processing to glean data and next steps from sales calls. AdvertisementNew York-based AI startup Attention, which uses natural language processing to fill out customer relationship management (CRM) programs and generate action items from sales calls, just raised a fresh round of funding. Late-stage startup Gong, which also records sales calls, raised $250 million in Series E funding in 2021 at a $7.25 billion valuation. And 11x.ai, which is building AI sales reps, raised a $50 million Series B last month from a16z, TechCrunch reported.

Persons: —, Anis Bennaceur, Matthias Wickenburg, Bennaceur, Wickenburg, Swipecast Organizations: Service, French VC, Eniac, Liquid2 Ventures, Ventures, TechCrunch Locations: Alven, New York, a16z

☆ Romance author Ana Huang says self-publishing books is like running a small business
▼ + stars: | 2024-10-22 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +8 min

Huang, now a beloved BookTok author, compared self-publishing to running a small business. Self-publishing for creative controlUnlike many unknown authors, Huang didn't dream of signing with a traditional publisher when her writing career began. "I didn't start out thinking I would be traditionally published or even that I necessarily wanted to be traditionally published," Huang told BI. Advertisement"For like a year or two, all I did was just consume content about self-publishing," Huang said. Huang told BI her fans can look forward to a darker hero in her next release.

Persons: Ana Huang, Huang, —, Ana Huang's, Asher Donovan, Scarlett Dubois, Forbes, — Huang, Huang didn't, Heidi Gutman, Taylor Swift, HarperCollins —, Bloom, Meghan Quinn, Grey, E.L, James, BookTok, it's, they're, that's, I'm, Asher Organizations: Service, —, ABC, HarperCollins, Bloom Books, Entertainment, Facebook Locations: BookTok

☆ Stocks making the biggest moves midday: Genuine Parts, General Motors, Verizon, Philip Morris and more
▼ + stars: | 2024-10-22 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

General Motors — The stock jumped more than 9% after the automaker posted better-than-expected third-quarter results and raised its full-year forecast. Verizon Communications — The telecommunications giant dipped 4% after posting third-quarter revenue of $33.33 billion, which came in below the $33.43 billion analysts polled by LSEG had expected. GE Aerospace reported adjusted revenue of $8.94 billion, while analysts polled by LSEG estimated $9.02 billion. Meanwhile, adjusted earnings per share of $1.15 beat consensus forecasts by just 1 cent. Philip Morris International — The tobacco company popped nearly 9% after reporting third-quarter results that beat expectations.

Persons: FactSet, General Motors, LSEG, Philip Morris, Lockheed Martin —, Lockheed Martin, Zions, Sherwin, Williams, —, Alex Harring, Samantha Subin, Lisa Kailai Han, Hakyung Kim Organizations: General, GM, Verizon Communications, GE Aerospace, LSEG, Philip Morris International, Lockheed, Citi, U.S, Global, Diagnostics, Norfolk Southern

☆ Stocks making the biggest moves after hours: Nike, Zions Bancorporation, Nucor and more
▼ + stars: | 2024-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Zions reported earnings of $1.37 per share on $792 million in revenue, ahead of the earnings of $1.17 per share and $779 million in revenue expected by analysts polled by LSEG. Nucor — The steel production company declined about 3% despite posting adjusted earnings and revenue that topped expectations in the third quarter. Nucor said it expects a decline in GAAP earnings per share for the current period over the prior quarter. In the third quarter, Hexcel reported adjusted earnings of 47 cents per share on revenue of $456.5 million. Alexandria reported third-quarter revenue of $791.6 million and funds from operation of $2.37 per share, as adjusted.

Persons: Zions, Nucor, Hexcel, FactSet, —, Darla Mercado Organizations: Nike, NBA, WNBA, LSEG, SAP, Alexandria Real Locations: Alexandria

☆ Stocks making the biggest moves midday: Boeing, UPS, Cigna, Warby Parker and more
▼ + stars: | 2024-10-21 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Boeing — The stock climbed 3%. Cigna — The insurer's stock slid more than 4% after Bloomberg reported, citing people familiar with the matter, that Cigna has reignited merger discussions with Humana. AppLovin — The application technology stock jumped 8% on the back of a major price target hike from Bank of America. Atlantic Union Bankshares — The holding company for Atlantic Union Bank pulled back more than 5% after third-quarter net interest income missed analysts' estimates. Atlantic Union reported net interest income of $186.8 million, while analysts polled by FactSet were looking for $195.0 million.

Persons: Warby Parker, Goldman Sachs, Cigna, AppLovin, Bernstein, FactSet, Johnson, —, Samantha Subin, Michelle Fox, Alex Harring, Sean Conlon Organizations: Boeing, Bloomberg, Humana, United Parcel Service, Barclays, Bank of America, Southwest Airlines —, CNBC, Elliott Investment Management, ASML Holdings, Atlantic, Atlantic Union Bank, Atlantic Union, Johnson Locations: Bank

☆ Housing affordability: Kamala Harris wants to take on corporate landlords and rent increases
▼ + stars: | 2024-10-21 | by ( Samantha Delouya | Rachel Wilson | ) edition.cnn.com time to read: +6 min

While rent prices are undoubtedly rising, it’s unclear how much of the jump is due to corporate investors who buy up multiple properties. “Community after community feels taken advantage of by Wall Street investors and corporate landlords who have bought thousands of single-family homes during recent downturns,” Harris’ policy platform reads. A CNN analysis found that rent increases recently outpaced wage growth in cities with a meaningful presence of big investors. Ownership by corporate landlords, which CNN calculated by combining limited liability entities, real estate corporations and real estate investment trusts, stood at 16%. The number of single-family homes under construction dramatically decreased after the 2008 financial crisis, and construction never really returned to pre-recession levels.

Persons: Kamala Harris, Harris, ” Harris, Michael Seiler, College of William & Mary, “, we’re, ” Seiler, Laurie Goodman, ” Goodman, Donald Trump, ” Jared Kushner, Trump’s, CoreLogic, Goodman, “ There’s, ” Organizations: CNN, White House, Wall Street, College of William &, Urban Institute, Bureau of Labor Statistics, Housing Finance, Center, SSRS, Republican, Census Locations: United States, Atlanta, Jacksonville , Florida, Charlotte, North Carolina, Zillow

☆ Stocks making the biggest moves premarket: Boeing, Kenvue, Humana, Warby Parker and more
▼ + stars: | 2024-10-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Humana , Cigna – Shares of both companies moved in opposite directions after Bloomberg, citing people familiar with the matter, reported that Cigna resumed merger talks with Humana. Humana gained more than 4% while Cigna fell a similar amount. UPS – Shares fell nearly 2% after a downgrade to underweight from equal weight at Barclays. Southwest Airlines – Shares dipped more than 1% before the market open. ASML – Shares fell more than 1% after Bernstein lowered its price target on the Dutch semiconductor equipment stock.

Persons: Johnson, Warby Parker, Goldman Sachs, Goldman, Cigna, Humana, Bernstein, —, Alex Harring, Samantha Subin, Jesse Pound, Hakyung Kim, Michelle Fox Theobald Organizations: Wall Street Journal, Johnson, Boeing, Bloomberg, Humana, –, Barclays, Amazon, Southwest Airlines, Elliott Investment Management, CNBC Locations: –

☆ Stock futures are little changed as earnings season gains steam: Live updates
▼ + stars: | 2024-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures were flat in overnight trading after the Dow Jones Industrial Average snapped a three-day winning streak. The S&P 500 declined about 0.2%, while the Nasdaq Composite added close to 0.3%. Investor attention remains fixated on third-quarter earnings season, with about one-fifth of the S&P 500 slated to report results this week. "It is good to see analysts getting realistic about 2025 earnings growth," she said. "However, at 15% earnings growth, we believe it is still too optimistic given the expectation for slower economic growth in 2025."

Persons: Dow, Zions, Megan Horneman, Lockheed Martin Organizations: New York Stock Exchange, Stock, Dow Jones, Dow, Nasdaq, SAP, America, Verdence Capital Advisors, Lockheed, General Motors, Verizon, Tesla, IBM, Boeing

☆ The Magnificent 7 stocks ranked from a tech investor that owns all of them
▼ + stars: | 2024-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Tech investor Ray Wang — who owns all Magnificent Seven stocks — laid out his rankings of favored tech plays on Monday. Wang equated the AI expansion to the Amazon 's early e-commerce buildout. Amazon is Wang's second favorite Magnificent Seven pick, followed by pure-play AI beneficiaries Microsoft and Alphabet . Wang also expects the company — along with Alphabet — to benefit from the political advertising season underway. Here's how each Magnificent Seven member is doing year to date: Nvidia: up 182% Amazon: up 22.8% Microsoft: up 10% Alphabet: up 17% Apple: up 22% Tesla: Down 12.4% Meta Platforms: up 61%

Persons: Ray Wang —, CNBC's, Wang, Tesla, Elon Organizations: Constellation Research, Nvidia, Microsoft, Apple

☆ Rita Ora gets emotional while paying tribute to Liam Payne
▼ + stars: | 2024-10-18 | by ( Samantha Lindell | ) edition.cnn.com time to read: 1 min

☆ Taylor Swift is flexing her economic muscles again with the return of her tour and a new book
▼ + stars: | 2024-10-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Taylor Swift has a new book coming out, but how she's doing it might create some bad blood with publishers . On Tuesday, Swift announced plans to self-publish "The Eras Tour Book," a behind-the-scenes look at her record-breaking tour that'll be released exclusively at Target on Black Friday. News of a Taylor Swift book should have sent a publisher jumping for joy at the potential revenue. AdvertisementBig stars like Swift are exactly who book publishers are banking on these days. But even so, Miami, New Orleans, and Indianapolis — her remaining US tour dates — won't mind Swift coming to town.

Persons: —, Meta, Taylor Swift, Chelsea Jia Feng, Taylor, Swift, Samantha Grindell, Madeline Berg, George Walker IV, we're, Natalie Ammari, it's, Goldman Sachs, Kalshi, Donald Trump, Trump, Blackstone, Jon Gray, Walid Berrazeg, It's, Lebaredian, Uber, Dara Khosrowshahi's, Tyler Le, Matt Garman, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Target, AP, Indianapolis, Super Bowl, UBS, Getty, Financial, Wall, Blackstone, Trump, Investors, Taiwan Semiconductor Manufacturing, TSMC, Optimus, Financial Times, Netflix, American Express Locations: Miami, Miami , New Orleans, Glendale , Arizona, Hsinchu, ASML, Texas, California, New York, London

☆ Netflix earnings need to justify runup in stock. What analysts see for subscribers, ad tier
▼ + stars: | 2024-10-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Analysts surveyed by LSEG expect Netflix earnings to come in at $5.12 per share, while revenue should hit $9.769 billion. In the second quarter, Netflix earned $4.88 per share on $9.56 billion in revenue. Along with solid numbers for the quarter just ended, other analysts believe Netflix also has to raise prices to appease shareholders. Citigroup's Jason Bazinet says price hikes are warranted at Netflix due to strong engagement trends and competitors' own price increases. A ramping ad-tier Finally, Wall Street is keeping close watch on the advertising tier business Netflix rolled out in November 2022.

Persons: Evercore, Mark Mahaney, Citigroup's Jason Bazinet, Goldman Sachs, Eric Sheridan, Deutsche Bank's Bryan Kraft, Wells, Steven Cahall, Kannan Venkateshwar, NFLX, Alan Gould, Piper, Matt Farrell, Doug Anmuth, Morgan Stanley, Benjamin Swinburne, Alicia Reese Organizations: Netflix, Wall, LSEG, StreetAccount, Deutsche, Barclays, Wednesday's, JPMorgan

☆ Taylor Swift shook off publishers for her new book. That could spell trouble for the rest of the industry.
▼ + stars: | 2024-10-17 | by ( Samantha Grindell | Madeline Berg | ) www.businessinsider.com time to read: +11 min

Taylor Swift is self-publishing "The Eras Tour Book" and releasing it exclusively at Target. By excluding traditional publishers, Swift ensured she would get more of the book's revenue. With her latest announcement, the singer is back to her business-disrupting playbook with "Taylor Swift | The Eras Tour Book." AdvertisementIn what most closely resembles her book deal, Swift self-produced last year's "Taylor Swift: The Eras Tour" film. "Obviously, Taylor Swift is sort of a case under herself for this stuff in terms of just her reach," Hane said.

Persons: Taylor Swift, Swift, —, she's, it's, Clayton Durant, Simon &, Erik Hane, they're, It's, Ashok Kumar, Courtney Maum, Jessica Maddox, Gareth Cattermole, Maddox, Hane, Vittorio Zunino Celotto, Durant, vinyls, Taylor, John Shearer, Beyoncé, Paul Dergarabedian Organizations: Target, Service, Taylor Swift Publications, Nation School of Music, Sports, Entertainment, Simon & Schuster, Macmillan, HarperCollins, Hachette —, Literary, University of Alabama, Department, Universal Music, Big, Bloomberg, Poets Department, AMC, Mojo, Disney Locations: Long, Target, London, TikTok, Milan

☆ The B-2 stealth bomber used to hit the Houthis was built to strike the toughest targets
▼ + stars: | 2024-10-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

The Pentagon disclosed that B-2 stealth bombers were involved in the operation. AdvertisementThe US military carried out a series of airstrikes against the Iran-backed Houthi rebels in Yemen on Wednesday, using B-2 stealth bombers to hit targets underground. The US bases the heavy strategic bombers at Whiteman Air Force Base in Missouri. AdvertisementBefore the emergence of the new B-21 Raider, the B-2 was, for decades, the only stealth bomber. The Air Force describes the MOP as a heavy munition that can accomplish "difficult" and "complicated" missions of reaching enemy weapons stored in well-protected sites.

Persons: —, Defense Lloyd Austin, Austin, Vincent De Groot, Northrop Grumman, Matthew S, Domingos Mark Gunzinger, Samantha White Organizations: Pentagon, Service, Defense, Navy, US Air Force, US Air National Guard, The Air Force, Northrop, Whiteman Air Force Base, Raider, Air Force, Islamic, U.S . Air Force, Mitchell Institute for Aerospace Studies, Boeing, Air Locations: Yemen, Iran, Gulf of Aden, United States, Missouri, Soviet, Australia

☆ Stocks making the biggest moves midday: United Airlines, Morgan Stanley, ASML, Prologis and more
▼ + stars: | 2024-10-16 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

United Airlines – The stock soared 11% after the airline posted an earnings and revenue beat for the third quarter and guided for a strong fourth quarter. In addition, United said it is starting a $1.5 billion share buyback, its first since before the Covid pandemic. The firm posted earnings of $1.88 per share, higher than the $1.58 expected by a LSEG analyst poll. J.B Hunt Transport Services – Shares added 3.4% after the company posted a top and bottom line beat. J.B. Hunt posted $1.49 earnings per share on $3.07 billion of revenue in the third quarter.

Persons: United, Morgan Stanley, Novocure, J.B, Hunt, LSEG, Aspen Aerogels, FactSet, Prologis, Hamid Moghadam, —, Alex Harring, Hakyung Kim, Samantha Subin, Pia Singh, Michelle Fox Organizations: Food and Drug Administration, United Airlines, Revenue, Cisco Systems, Citi, Food, ASML, J.B Hunt, Aspen, of Energy, U.S . Bancorp, General Motors, Lithium Americas Corp Locations: Dutch, U.S

☆ This senior living stock is a buy with more than 30% upside, Jefferies says
▼ + stars: | 2024-10-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

The senior housing industry is approaching its "golden age" and Bookdale Senior Living should benefit, according to Jefferies. Analyst Brian Tanquilut initiated coverage of Brookdale Senior Living with a buy rating, saying that the sector should benefit from better occupancy as baby boomers "age into the sweet spot." "The combination of positive demographic trends, improved operations, and financial engineering ... should all translate to improved earnings performance that's not yet baked into the stock," he wrote. A slowdown in new construction due to Covid-19 delays and higher costs should also benefit shares. Of those, two have buy ratings, and the others assigned it an underperform rating, LSEG data shows.

Persons: Brian Tanquilut, Tanquilut, Brookdale Organizations: Jefferies

☆ After 10 years in corporate America, one woman took a 'micro-retirement.' It reversed burnout and improved her quality of life.
▼ + stars: | 2024-10-16 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +8 min

Anaïs Felt took a "micro-retirement" back in March from her Silicon Valley tech job. The time off on her extended leave healed her burnout and changed her relationship to work, she said. Felt decided to meet with a career coach, who quickly "diagnosed" her with burnout, a syndrome due to "chronic workplace stress." AdvertisementSix months after she left her job, Felt said her mental health has improved, and her burnout is gone. "Maybe I'll work from home and continue on the corporate path, or maybe I'll start my own business," she said.

Persons: Anaïs Felt, Felt, —, Emily, Amelia Nagoski, TikTok, Prepping, you’re, ike, ake, rick, hough, ince, ersonal Organizations: Service, Hope College, ust Locations: San Francisco, America, Silicon Valley, Michigan, ife, alance, oman

☆ Citi upgrades Cisco Systems, says Wall Street is underestimating AI tailwinds
▼ + stars: | 2024-10-16 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Don't overlook the artificial intelligence potential of Cisco Systems , Citi said. "While AI is currently a small piece of the biz (~2% of revs), we see the potential for a stronger contribution," he wrote. At least three major hyperscalers have already begun using the company's tools in backend networks, and Malik views Cisco's recent $9 billion 2027 hyperscaler AI opportunity forecast as potentially understated. "We believe shares warrant a sizable discount to networking peer valuation to reflect lingering share loss concerns, somewhat tempered by growing AI opportunities," he wrote. "Even at a 30+% discounted target multiple to peer average, we see meaningful upside to shares."

Persons: Atif Malik, Malik Organizations: Cisco Systems, Citi

☆ Pandas explore their new home at Smithsonian’s National Zoo
▼ + stars: | 2024-10-16 | by ( Samantha Lindell | ) edition.cnn.com time to read: 1 min

☆ CNBC Daily Open: Bullish sentiment and broadening rally – markets are in a good place
▼ + stars: | 2024-10-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineDespite markets falling Tuesday, there's still plenty to like about their current state. Weighed down by ASML's 16% dive and a report by Bloomberg on potential AI-chip export controls, semiconductor stocks like Nvidia and AMD fell 4.7% and 5.2% respectively. Still, investors are the most bullish in four years, according to the October BofA Global Fund Manager Survey.

Persons: DJI, Spencer Platt, there's, They're, Michael Hartnett, Mary Daly, who's, Dow, Piper, Craig Johnson, –, Jeff Cox, Samantha Subin, Yun Li, Lisa Kailai Han, Alex Harring Organizations: AMD, New York Stock Exchange, Getty, CNBC, ASML's, Bloomberg, Nvidia, Semiconductor, Nasdaq, Dow Jones, Dow, Survey, U.S . Federal Reserve, San Francisco Fed, Federal Locations: U.S, Beijing

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