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☆ Tesla's Cybertruck is outselling almost every other EV in the US
▼ + stars: | 2024-10-23 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

But recent sales data from the auto-industry tracker Cox Automotive is worth examining ahead of Tesla's results on Wednesday. Tesla sold almost 17,000 Cybertrucks in the third quarter, Cox estimated, making it the third-most-popular EV in the US during the period. That's more than Ford's F-150 Lightning, Rivian's R1T, and Chevy's Silverado EV, Cox data shows. General Motors reported surprisingly solid results earlier this week and highlighted strong EV sales. Related storiesSome of this recent EV strength has been driven by lease incentives, which are available in the US to more buyers.

Persons: Elon, Tesla, Cox, Rivian's R1T, It's, Goldman Sachs, Morgan Stanley, Bernstein Organizations: Cox, Tesla, Silverado, DeLorean, Motors, EV, UBS

☆ We're buying more shares on the dip in this Fed rate-cut stock tied to housing
▼ + stars: | 2024-10-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following Tuesday's trade, Jim Cramer's Charitable Trust will own 145 shares of HD, increasing its weighting to 1.65% from 1.14%. Dow stock Home Depot has dropped $18 per share — or a little more than 4% — since making a new high of $418 last Wednesday. Some of this decline is probably due to profit-taking since the stock has gone straight up since Sept. 6. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, nonfarm payrolls, Jim Cramer, Jim Organizations: Dow, Home, Federal, UBS, CNBC

☆ Bank of America's guide to the election and stocks that win under Trump or Harris
▼ + stars: | 2024-10-22 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +7 min

Here are some of the ways Bank of America analysts think the upcoming election results could affect the stock market. Harris presidency, split government A victory for Democratic candidate Kamala Harris in the White House, plus a Republican-controlled Congress, could be "the best outcome" for online media companies, according to Bank of America analyst Justin Post. He noted that Harris is likely to enforce a potential ban on TikTok — which could boost Meta Platforms and Snapchat . Trump president, split government A win for Republican candidate Donald Trump and a split government would be the best-case scenario for bank stocks, per analyst Ebrahim Poonawala. On the other hand, a Trump presidency would be viewed positively by gig-economy companies, including Uber and Lyft, according to analyst Post.

Persons: –, Harris, Kamala Harris, Justin Post, Lorraine Hutchinson, Donald Trump's, —, Athletica, Joanna Gajuk, Gajuk, Jessica Reif Ehrlich, Ehrlich, Jason Kupferberg, Kupferberg, Dick Durbin's, Donald Trump, Ebrahim Poonawala, Poonawala, Republicans —, Dimple, Trump, Uber, Craig Siegenthaler, Siegenthaler, Rafe Jadrosich, Trump's, — CNBC's Michael Bloom Organizations: White, Bank of America, of America, Democratic, Republican, Democrat, Department of Justice, Eagle Outfitters, Urban Outfitters ., Health, Tenet Healthcare, Universal Health Services, Democrats, Agilon, Humana, Big Tech, House, Trump, Republicans, Oscar Health, Centene, GOP, Securities, Exchange, Entertainment, Packaging Corporation of America, American Eagle Outfitters Locations: Hutchinson, U.S, China, Washington

☆ This tax-free income play is set up for a strong year-end performance, says UBS
▼ + stars: | 2024-10-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Municipal bonds not only offer solid, tax-free income — they should also see some capital appreciation later this year, according to UBS. Consumers are still spending and the combination of job growth, higher wages and slowing inflation should continue to push households' real disposable income higher, he added. Further, the longer end of the muni bond yield curve is also starting to look attractive, he said. Investors hoping to take a diversified approach to municipal bonds may want to consider an exchange-traded fund. Schwab's Municipal Bond ETF (SCMB) , which has an expense ratio of 0.03% and a 30-day SEC yield of 3.25%.

Persons: Sudip Mukherjee, Mukherjee, Bonds Organizations: UBS, muni, Index Fund, SEC, Schwab's Municipal Bond ETF

☆ Market still underinvested in gold, price seen at $3,000 by next year: Strategist
▼ + stars: | 2024-10-22 | 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 EmailMarket still underinvested in gold, price seen at $3,000 by next year: StrategistJoni Teves of UBS Investment Bank lays out the case for gold at $3,000 per ounce by 2025, saying investors sill have a lot of room to build positions in the yellow metal.

Persons: Joni Teves Organizations: UBS Investment Bank

☆ Starboard Value's Jeff Smith says Salesforce has 'a lot more to go' and can get more profitable
▼ + stars: | 2024-10-22 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Starboard revealed a holding in the stock and Salesforce responded by cutting thousands of employees and moving up its timeline for widening its adjusted operating margin. On Tuesday, Starboard said in a presentation that Salesforce "can continue to become more efficient and more profitable." And Starboard said Salesforce should commit to adhering to the rule of 50 by the 2028 fiscal year. The activist firm laid out two scenarios, both of which involved Salesforce's revenue growth accelerating and its adjusted operating margin widening. The Agentforce technology for automating customer interactions, which Salesforce discussed at its Dreamforce conference in September, has the potential to boost revenue growth, Starboard said.

Persons: They've, Jeff Smith, CNBC's David Faber, Salesforce, Marc Benioff, Salesforce's, Mason Morfit, Amy Weaver Organizations: 13D, ValueAct, UBS, Adobe, Intuit, Microsoft, Oracle, SAP, CNBC Locations: New York

☆ The economic 'no landing' could drive the S&P 500 to a 13% gain in 2025, UBS says
▼ + stars: | 2024-10-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The bank is adding to the growing numbers of forecasts for a "no landing" of the US economy. Inflation will remain low enough to leave room for the Fed to cut interest rates, boosting stocks. The job market is proving resilient, despite tighter financial conditions and higher interest rates. AdvertisementCooling price growth sets the stage for the Fed to continue cutting interest rates, UBS said, which is bullish for stocks. The strategists added that while investors may see some volatility ahead of the November election, it's unlikely to interrupt more positive market catalysts.

Persons: — Organizations: UBS, Fed, Service, Bureau of Labor Statistics, New

☆ Robinhood rolls out high-risk margin trading in the UK after getting regulator nod
▼ + stars: | 2024-10-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

The launch of margin trading follows the recent approval of the product, after Robinhood held conversations with Britain's financial regulator, the Financial Conduct Authority (FCA). Margin trading is a rarity in the U.K., where regulators see it as more controversial because of the risks involved to users. Some platforms in the country limit margin trading for only high-net-worth individuals or businesses. In the case of margin trading, investors can use borrowed money to increase the size of their trades. At the time of launch, Robinhood was unable to offer U.K. users the option of margin trading, pending discussions with the FCA.

Persons: Rafael Henrique, Robinhood, Jordan Sinclair, Goldman Sachs, Morgan Stanley, Sinclair, we've, Robinhood's Sinclair, that's Organizations: Getty, Financial, Authority, Interactive, IG, CMC Markets, Robinhood, JPMorgan Chase, UBS, CNBC, FCA, U.S ., Federal Deposit Insurance Corporation Locations: U.S, Britain, Tesla

☆ UBS sells its 50% stake in Swisscard to American Express
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: +1 min

UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank's 50% stake in credit card provider Swisscard. UBS will sell its 50% holding in the company to its joint venture partner American Express , Swisscard said in a statement. After the deal, Amex will become the sole owner of Swisscard, with Credit Suisse customers transferring to the existing UBS credit card platform. Swisscard said it would continue to issue all other cards it issues under the American Express, Mastercard and Visa licenses and will continue to operate the American Express business in Switzerland. Following its emergency takeover last year, UBS is now divesting parts of the Credit Suisse business.

Persons: Swisscard, Amex Organizations: UBS, Credit Suisse, American Express, Mastercard, Visa, Credit Suisse Securities Locations: Krakow, Poland, Switzerland, China, Swisscard

☆ Earnings playbook: More than 100 companies are slated to report this week, including General Motors
▼ + stars: | 2024-10-20 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

More than 70 S & P 500 names have posted their numbers, with 75% beating analyst earnings expectations. What history shows: General Motors has topped earnings estimates for eight straight quarters, Bespoke Investment Group data shows. What history shows: Coca-Cola has beaten analyst earnings expectations 73% of the time, Bespoke data shows. What history shows: Tesla has beaten earnings expectations 61% of the time, according to Bespoke. Thursday UPS is set to report earnings in the premarket, followed by a conference call at 8:30 a.m.

Persons: Michael Wayland, Mary Barra, Peter Grom, Leslie Josephs, Kelly Ortberg, TSLA, Dan Levy, Levy, Tesla Organizations: General Motors, Boeing, Netflix, CNBC, Detroit automaker, UBS, Management, Barclays, UPS, Amazon Logistics, Walmart, Citi Locations: China

☆ Eutelsat uses SpaceX rocket to launch first satellites after merger
▼ + stars: | 2024-10-20 | by ( ) www.cnbc.com time to read: +2 min

Eutelsat, the world's third-biggest satellite operator by revenue, launched 20 satellites for its communications network on Sunday, using Elon Musk's SpaceX in its first move since the merger of two European companies last year. A SpaceX Falcon 9 rocket took off, with Eutelsat satellites from California's Vandenberg Space Force Base at 0513 GMT. "This is the first OneWeb launch of the satellites since the merger," CEO Eva Berneke told Reuters in an interview. The Paris-based group formed by the merger in September last year of France's Eutelsat and Britain's OneWeb has a constellation of over 600 low earth orbit satellites that cater to broadcasters, telecom companies and radio stations. It sits there until India gets open, the day it gets open, we'll start building," Berneke said.

Persons: Eva Berneke, France's, OneWeb, Berneke Organizations: Elon, SpaceX, Vandenberg Space Force Base, Reuters, Telstra, U.S Locations: Paris, India, Saudi Arabia

☆ Here's the trading playbook as data piles up in support of a 'no landing' for the US economy
▼ + stars: | 2024-10-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

Odds of a "no landing" scenario for the economy are rising amid continued strong economic data. The "no landing" scenario entails a continued run of hot economic data and growth that boosts markets but also precludes a steep rate-cutting cycle from the Federal Reserve. According to Cox, that means that short-term interest rates will drop to around 3% in the no landing scenario, even if long-term rates remain elevated. AdvertisementAfter all, a no landing scenario is the best outcome for the economy, Cox said, and given hot growth, the situation effectively tosses recession fears out the window. This would be just the fourth time in US history that the Fed has cut interest rates without a downturn, he added.

Persons: —, BofA, Reacceleration, Jamie Cox, Cox, They're, Morgan Stanley Organizations: Service, Federal Reserve, Bank of America, UBS, Fed, Nvidia, Apple

☆ Here's where investors worried about a stock market bubble should put their money, according to a top economist
▼ + stars: | 2024-10-19 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Investors worried about a market correction should adjust their portfolios, David Rosenberg says. The top economist has warned stocks are in a bubble and at risk of a major decline. Investors need to exercise caution and avoid following the "herd mentality," Rosenberg said, pointing to the fervor for mega-cap tech stocks. Instead, he said, investors should focus on stocks with strong business models, strong growth, and good prices, and add some "insurance" to their portfolios. Most forecasters on Wall Street still expect a strong performance from equities into year-end and 2025.

Persons: David Rosenberg, —, who's, he's, Chuck Prince, Rosenberg, REITs, Goldman Sachs Organizations: Service, Rosenberg Research, Utilities, Aerospace, UBS, BMO, Deutsche Bank Locations: —

☆ UBS launches its experiential "House of Craft" campaign in New York as Credit Suisse integration continues
▼ + stars: | 2024-10-18 | by ( Julia Hood | ) www.businessinsider.com time to read: +6 min

UBS launched its global "House of Craft" initiative at an event in New York City in October. AdvertisementIn a SoHo townhouse in New York City, UBS launched its global "House of Craft" initiative, an experiential campaign that honors the tradition of craftsmanship. AdvertisementConvening around craftNew York City's legacy of fine craftsmanship made it the choice destination for UBS's first "House of Craft" event. James Miller, who said he collects micro-brand timepieces, wore a Henry Archer watch to the "House of Craft" event. "This is a brand campaign, but it's one very clearly associated with making sure more people are positively thinking about us," he said.

Persons: —, Carmelo Anthony, Daniel Dae Kim, Ginny Wright, Audemars Piguet, Jean, Claude Biver, John McDonald, McDonald, Sergio Ermotti, Ermotti, Prophet, James Miller, Henry Archer, Julia Hood Miller, Nathan Desloover, Todd Snyder, Julia Hood, I've, Desloover, I'm Organizations: UBS, Credit Suisse, Service, NBA, Audemars, TAG, Suisse, Swiss, Publicis Groupe, Suisse hasn't, Horological Society of New Locations: New York City, Swiss, Americas, UBS's, Asia, Latin America, New York, York, Horological Society of New York, Detroit

☆ UBS' Erika Najarian on Amex Q3 results: Seeing some consumer spend trends decelerate
▼ + stars: | 2024-10-18 | 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 EmailUBS' Erika Najarian on Amex Q3 results: Seeing some consumer spend trends decelerateErika Najarian, UBS large cap banks and consumer finance analyst, joins 'Squawk Box' to discuss American Express' quarterly earnings results, strength of consumer spending, and more.

Persons: Erika Najarian Organizations: UBS, American Express

☆ S&P 500 eyes another record close — plus, our 2 health-care stocks that defied the group
▼ + stars: | 2024-10-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Markets: The S & P 500 is on pace for another record close and its sixth straight positive week. Financials also continued their strong run this week thanks to strong earnings from banks such as Club holding Morgan Stanley and other financial services companies. 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, hasn't, Financials, Morgan Stanley, Danaher, we'll, Jim Cramer's, Jim Organizations: CNBC, ., ASML Holdings, Taiwan Semiconductor Manufacturing Company, Nvidia, bellwether, Abbott Laboratories, UBS, Mizuho, . Energy, Texas, OPEC, International Energy Agency, Coterra Energy, Dow Jones, Dover, Honeywell, Jim Cramer's Charitable

☆ 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 beat expectations. Here's what analysts are saying
▼ + stars: | 2024-10-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Analysts are getting even more bullish on Netflix following its earnings beat for the third quarter . Here is what other firms are saying: Pivotal Research keeps buy rating on stock The firm raised its price target to $925, a Street high. Bernstein reiterates its market perform rating The firm increased its price target to $780 from $625. Bank of America reiterates its buy rating The bank increased its price target to $800 from $740. 3Q results were generally ahead (OI 5% higher) while commentary pointed to sustained double-digit revenue growth and margin expansion in 2025."

Persons: Doug Anmuth, Anmuth, Morgan Stanley, Benjamin Swinburne, Bernstein, Goldman Sachs, NFLX Organizations: Netflix, JPMorgan, WWE, NFL, of America, Gaming, UBS, 3Q

☆ Netflix closes at all-time highs after reporting solid earnings beat and strong guidance
▼ + stars: | 2024-10-18 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

The surge comes after the streaming giant reported another strong quarter and issued positive guidance. Quarterly revenue was slightly above estimates while its ad-supported tier saw strong subscriber growth. AdvertisementInvestors poured into Netflix shares on Friday, sending the stock to record highs after the streaming giant's solid third-quarter earnings report. The surge came after Netflix reported a strong earnings beat and gave positive forward guidance that gave investors confidence about its position in the streaming wars. He said Netflix's latest earnings and free cash flow set it apart from the competition in the increasingly fierce streaming wars.

Persons: —, Morgan Stanley, Benjamin Swinburne, Swinburne Organizations: Service, Netflix, Bloomberg, UBS, Bank of America, CNBC Locations: signups

☆ CNBC Daily Open: Strong earnings, macro conditions driving stocks higher
▼ + stars: | 2024-10-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

In this article KBE.IXIC.SPX.DJIASML-NLDAMZN.FTSEMS Follow your favorite stocks CREATE FREE ACCOUNTThe Morgan Stanley headquarters in New York, US, on Monday, Oct. 14, 2024. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Morgan Stanley , for one, reported third-quarter figures that surpassed earnings and revenue estimates. The bank's profit jumped 32% from a year ago, far outstripping the LSEG estimate and topping several other big banks' income growth. The investment banking business was a main source of profit for Morgan Stanley.

Persons: DJI ASML, Morgan Stanley, Michael Nagle, Piper Sandler, – CNBC's Hugh Son, Alex Harring, Jeff Cox, Lisa Kailai Han, Jesse Pound Organizations: Bloomberg, Getty, CNBC, Dow Jones, Nasdaq, U.S . Federal Reserve, P Bank ETF, UBS, U.S . Labor Department Locations: New York, Wall

☆ Musk's win on India satellite spectrum raises prospect of price war with Ambani
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: +2 min

Having just lost a battle with Elon Musk over how India's satellite spectrum is awarded, Asia's richest man Mukesh Ambani could face a bigger challenge if Musk's Starlink launches services in India and the two go head-to-head on price. India's government said on Tuesday it will allocate spectrum for satellite broadband administratively and not via auction, hours after Musk criticized the auction route being sought by rival billionaire Ambani as "unprecedented." The Indian government says its decision to allocate spectrum administratively to whoever applies for it is in line with global trends. It has not set a timeframe for when the process will start but Musk's Starlink has already applied for necessary permits. Starlink's entry into the Indian market would create a new battleground between the two billionaires: pricing.

Persons: Mukesh Ambani, Ratan Tata, Elon Musk, Musk's, Musk, Ambani, Musk's Starlink Organizations: Reliance Industries, National Centre, Performing Arts, Elon, SpaceX, Reliance Locations: Mumbai, India

☆ Top Wall Street analysts are boosting stock market forecasts as the bull market charges on
▼ + stars: | 2024-10-16 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

A number of bank research desks have raised their S&P 500 price targets in recent weeks. AdvertisementThe bull market hasn't weakened in the fourth quarter, and top bank research desks have been rushing to raise their S&P 500 price targets into year-end. AdvertisementBelski said his upgrade was based on strong market gains so far this year, which he says typically leads to stronger-than-normal gains in the fourth quarter. Lakos-Bujas kept his 4,200 price target for the S&P 500 unchanged, though. AdvertisementThe more upbeat 2024 forecasts come as the bull market charges on, with the S&P 500 up 3.2% in the last month and 22.6% this year.

Persons: —, hasn't, Goldman Sachs, Jonathan Golub, Patrick Palfrey, David Kostin, Kostin, Brian Belski, Belski, Dubravko Lakos, Bujas Organizations: Service, UBS, BMO, Deutsche Bank, Bloomberg, Reserve

☆ ASML just gave us a first glimpse into how U.S. chip export curbs will dent its China sales
▼ + stars: | 2024-10-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024. ASML on Tuesday offered the first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing tools to China will impact its sales in the Asian country. The Netherlands-based chip equipment maker said in its earnings report Tuesday, which was released a day early due to a "technical error," that it expects net sales for 2025 to come in between 30 billion euros and 35 billion euros ($32.7 billion and $38.1 billion). ASML is a critical part of the global chip supply chain. While third-quarter net sales at the firm reached 7.5 billion euros — beating expectations — net bookings came in at 2.6 billion euros ($2.83 billion), the company said.

Persons: ASML, AMSL, Roger Dassen Organizations: Nvidia, Taiwan Semiconductor Manufacturing, CNBC, Intel, Samsung, UBS Locations: USA, China, Brussels, Belgium, Netherlands

☆ CNBC Daily Open: Bullish sentiment and broadening rally – plenty to like about markets
▼ + stars: | 2024-10-16 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This 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. Breather from rally U.S. markets fell Monday, weighed down by a drop in semiconductor stocks and a 8.1% slide in UnitedHealth . Tech stocks fell 6.36%, while telecoms stocks rose 1.97%. Indeed, San Francisco Fed President Mary Daly, who's a member of the Federal Open Market Committee this year, noted that the central bank is "a long way from where [rates are] likely to settle."

Persons: ASML, 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: New York Stock Exchange, CNBC, UBS, Tech, ASML's, Bloomberg, Nvidia, AMD, Semiconductor, Nasdaq, Dow Jones, Dow, Survey, U.S . Federal Reserve, San Francisco Fed, Federal Locations: New York City, U.S, Tuesday's, Netherlands, ., Beijing

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Starbucks, Disney, Microsoft, Cisco, Coinbase & more
▼ + stars: | 2024-10-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wells Fargo reiterates Citi as overweight The firm said Citi remains a number one pick following earnings on Tuesday. Citi reiterates JB Hunt as a top pick Citi said the shipping giant remains a top pick following earnings on Tuesday. Citi upgrades Cisco to buy from neutral Citi says AI will play a bigger role in Cisco's future than investors assume. Bank of America upgrades Corteva to buy from neutral The firm said the ag chemical company has numerous tailwinds ahead. Citi reiterates Coinbase as buy The firm lowered its price target on the stock to $275 per share from $345.

Persons: Fargo, Goldman Sachs, Wells, Baird, Grainger, Jefferies, Rapid7, GTM, JB Hunt, JBHT, it's bullish, Bernstein, Tesla, it's, GOOG, TD Cowen, Yum, Cowen, Taco Bell, Morgan Stanley, Piper Sandler, Walt Disney, Guggenheim, HSBC downgrades Estee Lauder, Estee Lauder, Coinbase Organizations: Citi, FAST, BMO, Microsoft, Netflix, Autodesk, Nvidia, Barclays, Apple, DoJ, UBS, California Resources, CRC, Chord Energy, Yum Brands, Taco, Taco Bell, Disney, Walt, Cisco, HSBC downgrades, HSBC, Bank of America, Qualcomm Locations: China, Greater China

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