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☆ Goldman Sachs says this audio streaming giant is primed to rally nearly 30%
▼ + stars: | 2024-07-24 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Goldman Sachs is turning bullish on Spotify after its solid earnings report this week. Analyst Eric Sheridan upgraded the streaming stock to buy from neutral and raised his 12-month price target by $105 to $425, suggesting nearly 29% potential upside. Spotify reported record quarterly earnings on Tuesday that sent shares up nearly 12%, marking the stock's biggest one-day gain since January 2023. He anticipates the upside scenario would be for the company to repurchase as much as roughly 25% of its current market cap through 2029. Sheridan expects Spotify could also see compounding revenue growth in the mid-teens in the next three to five years.

Persons: Goldman Sachs, Eric Sheridan, Sheridan Organizations: Spotify, Sheridan

☆ Investors are rotating into small caps, and analysts love these dividend-paying names
▼ + stars: | 2024-07-24 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

These names must offer a dividend yield of at least 3%. The oil and gas company is rated buy or overweight by 83.4% of the analysts covering it, and offers a dividend yield of 4.2%. The stock is up close to 18% this year, and offers a 3% dividend yield. Nearly 74% of analysts rate Patterson-UTI buy or overweight, and consensus price targets suggest 43% upside. Shares are off nearly 8% in 2024, and the stock has a dividend yield of 3.2%.

Persons: Russell, Roth MKM, Piper Sandler, Luke Lemoine, Patterson, Stephen Gengaro, —, Fred Imbert Organizations: Investors, Big Tech, Nvidia, Meta, Nasdaq, Federal, CNBC, New York Stock Exchange, Wall, Oil, Gas, Northern Oil's, SM Energy, Xcel, Northern Oil, Energy Solutions, Street, Atlas Energy, UTI Energy Locations: Uinta, Xcel Resources

☆ Alphabet moves past early stumbles in AI to deliver positive story to investors
▼ + stars: | 2024-07-23 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

Strong numbers in the company's search and cloud businesses more than offset the slight misses in the YouTube and network units. Cloud recorded a couple of big firsts: exceeding $10 billion in revenue, along with $1 billion in operating income. Whereas investors were — and many still are — concerned about what generative AI might mean for Alphabet's search revenue, the opposite appears to be the case, at least for now. Google Cloud revenue grew roughly 28% to more than $10 billion for the first time. Strong numbers in the company's search and cloud businesses more than offset the slight misses in the YouTube and network units.

Persons: we're, capex, Sundar Pichai, Pichai, Philipp Schindler, Schindler, Ruth Porat, Eli Lilly, Anat Ashkenazi, Jim Cramer's, Jim Cramer, Jim, Loren Elliott Organizations: YouTube, Microsoft, Club, Nvidia, Lens, CTV, Nielsen, Google, buybacks, CNBC, Government, Society, Calif, Bloomberg, Getty, Meta Locations: That's, U.S, Stanford

☆ Automakers report earnings this week. GM is set to be the standout
▼ + stars: | 2024-07-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

That compares to LSEG estimates for Ford Motor that call for adjusted earnings per share of 68 cents for the second quarter, down 5.2% from the second quarter of 2023. Ford is scheduled to report Wednesday afternoon after markets close, followed by Chrysler parent Stellantis , which reports earnings biannually, releasing its first-half results Thursday morning. Stock Chart Icon Stock chart icon GM, Ford and Stellantis stocks in 2024. "Both are expected to raise 2024 guidance." Evercore still expects a "solid" second quarter for Ford, though, trending toward the upper half of its previously announced 2024 guidance.

Persons: Mary Barra, Ford, Dan Levy, Chris McNally, Itay Michaeli, Jim Farley, Michael Wayland, Carlos Tavares, Natalie Knight, Stellantis Organizations: New York Stock Exchange, NYSE DETROIT —, Motors, Detroit, America's, GM, Ford Motor, Chrysler, Ford, Barclays, Citi, CNBC Locations: Detroit, North America, Europe, Auburn Hills, Mich

☆ Dover wisely shuffles its portfolio — and why we're upgrading a struggling consumer stock
▼ + stars: | 2024-07-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

M & A moves: Club holding Dover said Monday it will sell its Environmental Solutions Group business to Terex Corporation for $2 billion in cash. 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. 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, Russell, We're, Terex, Dover didn't, we're, Elliott, Danaher, Jim Cramer's, Jim Organizations: CNBC, ., Stocks, Nasdaq, Dover, Environmental Solutions Group, Terex Corporation, buybacks, Honeywell, Starbucks, Street, Elliott Management, Semiconductors, Cadence Design Systems, Spotify, United Parcel Services, GE Aerospace, GM, HCA Healthcare, Jim Cramer's Charitable Locations: Dover, Nucor, Cleveland, Freeport, McMoRan

☆ Berkshire has eliminated 10% of outstanding shares as Buffett values the enduring power of buybacks
▼ + stars: | 2024-07-21 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Buffett believes buybacks are beneficial to shareholders for one simple reason: You don't need to spend a dime to increase your percentage of shares held. "Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns," Buffett said in his 2021 annual letter. The 93-year-old legendary investor believes that it would be "value-destroying" if he overpaid for Berkshire shares. "If you're repurchasing shares above a rationally calculated intrinsic value, you are harming your shareholders, just as if you issue shares beneath that figure, you are harming your shareholders," Buffett once said in 1996. The Wall Street firm projected that Berkshire repurchased almost $2.5 billion worth of stock in the second quarter.

Persons: Berkshire Hathaway, Warren Buffett, Greggory, Buffett Organizations: Morningstar, Oracle, Berkshire, Berkshire Hathaway, UBS, Street, Berkshire repurchased Locations: Greggory Warren, Berkshire, Omaha, repurchases

☆ Top Wall Street analysts are confident about the potential behind these 3 stocks
▼ + stars: | 2024-07-21 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

In this regard, the ratings of top Wall Street analysts and their investment theses can provide useful insights and help us make the right decisions. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. The company recently reported its June sales and announced an increase in its membership fee. He estimates a potential benefit of nearly 3% to the company's earnings per share over each of the next two years. Even after the stock's impressive year-to-date rally, Goldman Sachs analyst Toshiya Hari thinks that it has more room to run.

Persons: Corey Tarlowe, Tarlowe, TipRanks, MongoDB, Ivan Feinseth, Feinseth, Goldman Sachs, Toshiya Hari, Colette Kress, Hari, Nvidia's, Blackwell Organizations: Wall Street, Costco, Jefferies, Tigress, Nvidia Semiconductor, Nvidia, Blackwell Locations: Costco's

☆ This strategist is finding value outside of the U.S. — here's where
▼ + stars: | 2024-07-18 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Investors looking for stock investments on the cheap should look abroad, according to Schroders investment strategist Bob Armstrong. Europe's Stoxx 600 index and the Japanese Nikkei 225 hit record highs earlier this year, along with the S & P 500 . FactSet data shows the former trades at 15 times trailing 12-month earnings, while the latter has a multiple of 23. The S & P 500, meanwhile sports a 27 times earnings multiple. Year to date, the Nikkei is up nearly 20%, outpacing the S & P 500's 17% jump.

Persons: Bob Armstrong, Europe's, Armstrong, Armstrong didn't Organizations: Nikkei, CNBC, Tokyo, European Central Bank and Bank of England, Franklin FTSE United Kingdom ETF Locations: U.S, Europe, Armstrong, Russia, Ukraine, Japan

☆ Can Boeing get back to its glory days?
▼ + stars: | 2024-07-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +17 min

Then on Jan. 5, about six minutes and 16,000 feet into a packed flight out of Portland, Oregon, a door plug blew out of a nearly new Boeing 737 Max 9. The Federal Aviation Administration barred Boeing from increasing output of its Max planes and stepped up hands-on inspections at production plants. The 737 was dubbed "Baby Boeing" and went on to become the company's bestseller, helping to make Boeing the largest U.S. exporter. Pilots in those Boeing planes fought against a flight-control system, the Maneuvering Characteristics Augmentation System, that pushed the nose of the planes downward repeatedly. Boeing has said it aims to increase rates to about 50 Max planes a month in the next few years.

Persons: Joshua Roberts, Max, AeroSystems, Sen, Richard Blumenthal, Conn, Dave Calhoun, Boeing hasn't, Brian West, Aengus Kelly, Bob Jordan, I'm, Antonoaldo Neves, Calhoun, Steve Mollenkopf, Pat Shanahan, Donald Trump, Barack Obama, AerCap's Kelly, Mulugeta Ayene, we've, NASA —, Scott Kirby, McDonnell Douglas, Rob Spingarn, Kirby, Spirit Aerosystems, William Campbell, it's, It's, Howard McKenzie, Kevin Lamarque, Goldman Sachs, Noah Poponak, Alex Krutz Organizations: American Airlines Boeing, Reagan National, FAA, Reuters Boeing, Wall, Boeing, Justice Department, Alaska Airlines, National Transportation Safety Board, NTSB, Via Reuters Industry, Farnborough, Federal Aviation Administration, Airbus, JPMorgan, Etihad Airways, General Electric, Blackstone, Qualcomm, Lion, Ethiopian Airlines, Pilots, Justice, Reuters, NASA, Lion Air, CNBC, Research, Max, Spirit, Corbis, Jefferies, DOJ, Senate Homeland Security, Governmental Affairs, Capitol, Patriot Industrial Partners Locations: Los Angeles, United States, Washington , U.S, Portland , Oregon, Alaska, U.S, Maldives, Wall, United Kingdom, Boeing's, Emirates, Southwest, United, Indonesia, Addis Ababa, Bishoftu, Debre Zeit, Ethiopia, BOZEMAN , MT, Wichita , Kansas, Bozeman, Bozeman , Montana, Seattle, Chicago, Arlington , Virginia, Wichita, South Carolina, Washington

☆ 'Too cheap to ignore': Buy this under-the-radar global bank with a 9% yield, analyst says
▼ + stars: | 2024-07-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares of Nordea Bank , the Finnish lender, have been labeled "too cheap to ignore" by investment bank Berenberg. Net interest income – earned through the differences in rates offered to savers and borrowers — grew 7% year-on-year to 3.86 billion euros. "Trading on only 7.5x our [financial year] 2025 earnings — an 8% premium to the sector — we think Nordea is too cheap to ignore. However, the Berenberg analyst believes that Nordea's net interest income is relatively resilient, noting that "the market still underappreciates Nordea's [net interest income] stability, in our view, which contrasts favourably to that of more rate-sensitive Nordic peers." The analyst also said that recent challenges, including a slight miss on second-quarter net interest income expectations or a modest cost increase, should not deter investors.

Persons: —, Frank Vang, Jensen, Hugh Moorhead, Banks, Moorhead Organizations: Nordea Bank, Moorhead Locations: Helsinki, Finland, Sweden, Norway, Denmark, U.S, Germany, Italy, Switzerland, Moorhead

Morgan Stanley raised its price target on Rivian to $17 from $13. Analyst Frank Lee did raise his price target to $200 from $190, although he added that "the risk-reward is less attractive now." Guggenheim hiked the price target to $735 per share from $700. He did raise his price target for the stock to $225 from $180, although this price hike still implies that Tesla stock could fall 12%. Analyst Adam Jonas raised his price target on the stock to $17 from $13.

Persons: Morgan Stanley, Jefferies, Frank Lee, Lee, Lisa Kailai Han, Michael Morris, Morris, Guggenheim, — Jesse Pound, Morgan Stanley's Simeon Gutman, Gutman, Seth Sigman, Truist, – Samantha Subin, TD Cowen downgrades Charles Schwab, Charles Schwab's, TD Cowen, Bill Katz, Charles Schwab, Katz, mgmt, — Lisa Kailai Han, Wells, Bank of America Wells, Mike Mayo, Mayo, Goliath, Dan Levy, Levy, Dennis Geiger, Geiger, Thomas Fitzgerald, Fitzgerald, David Windley, UnitedHealth's, Windley, UNH, Adam Jonas, Rivian, Jonas, Fred Imbert Organizations: CNBC, HSBC, Qualcomm, Microsoft, Netflix, Guggenheim, Barclays, ISI, Citi, Mizuho, Bank of America, of America, Tesla, UBS, Sweetgreen, sss, IK, TD Cowen downgrades, Airlines, American Airlines, Delta, Jefferies, Presidential, Chevron, Volkswagen Locations: China, Tuesday's, Mayo, U.S, Tesla's, UnitedHealth, UNH's

☆ Activist investor Starboard says it's acquired 6.5% stake in Match Group
▼ + stars: | 2024-07-15 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Smith has been speaking with Match management about its plans, according to the letter, which was viewed by CNBC. In the letter, Smith wrote that Tinder enjoyed enviable and viral growth for years but has been stymied of late by sluggish innovation. But if Match is unable to more broadly turn around its business, the company should consider going private, Smith said. A Match spokesperson said in an emailed statement that the company is in communication with Starboard and other investors. Starboard isn't the first activist to put pressure on Match.

Persons: Jeff Smith, Starboard's Jeff Smith, Bernard Kim, Smith, Tinder, Kim, Anson, Elliott, Salesforce, Splunk Organizations: Bloomberg Television, CNBC, Wall Street, Zynga, Elliott Management, Autodesk, Cisco Locations: New York, U.S, Tinder, GoDaddy

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Microsoft, Amazon, Advanced Micro Devices and more
▼ + stars: | 2024-07-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley raised its price target on the iPhone maker to $273 per share from $216. Morgan Stanley downgrades BP to equal weight from overweight Morgan Stanley downgraded the oil major due to "weak earnings." Morgan Stanley reiterates Microsoft as overweight Morgan Stanley said it has "increased clarity" on AI monetization. Citi names KLA Corp. a top pick Citi raised its price target on the semiconductor equipment maker to $980 from $760. Morgan Stanley downgrades Rocket Lab to equal weight from overweight Morgan Stanley said it sees a "limited catalyst path" for the space company.

Persons: Morgan Stanley, Apple, Morgan Stanley downgrades, TD Cowen, Teck, Baird, CARR, Zeta, John Donovan, AAPL, Wells, Tesla, underperform Wells, it's, Evercore, it's bullish, DDOG Organizations: Netflix, Nvidia, Devices, AMD, Citi, Electronic Arts, College Football, BMO, Teck Resources, JPMorgan, Biosciences, Zeta Global, Citi downgrades Bank of New York Mellon, Bank, New York Mellon, Apple, IOL, Amazon, UW, CIO, Susquehanna, Caesars, MGM, PENN, Bank of America, KLA Corp, OW, Department of Defense Locations: 2H24, Dell, Teck, TSLA, Las Vegas

☆ Top Wall Street analysts are pounding the table on these 3 dividend stocks
▼ + stars: | 2024-07-14 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Investors can track Wall Street analysts' ratings to select stocks of dividend-paying companies that have attractive growth prospects, which could boost earnings and cash flows to support higher dividends. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Northern Oil and GasThis week's first dividend stock is Northern Oil and Gas (NOG). NOG paid a dividend of 40 cents per share for the first quarter, reflecting an 18% year-over-year increase. JPM highlighted that this potential increase in the Q3 dividend would mark the second dividend hike this year.

Persons: Wall, NOG, Scott Hanold, Hanold, TipRanks, JPMorgan Chase, JPMorgan Chase JPMorgan Chase, Gerard Cassidy, Cassidy, WMT, Corey Tarlowe, Tarlowe Organizations: Walmart, Northern Oil, Resources, SM Energy, RBC Capital, JV, JPMorgan, JPMorgan Chase JPMorgan, JPM, Consumer, Community, Investment Banking, Wealth Management, Commercial Banking, Jefferies, Fox Robotics, Club Locations: Hurricane , Utah, Williston, Uinta, TipRanks, U.S

☆ Finally, an explanation for why it's so frustrating to deal with customer service
▼ + stars: | 2024-07-13 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

Corporations absolve their employees of responsibility by delegating decision-making to an algorithm or deferring to company policy. Sorry, it's company policyAccording to Davies, accountability sinks emerged over the past decades of privatization and technological innovation. In addition, middle management and customer service jobs were cut or outsourced as corporations prioritized profits, optimizing costs, and delivering strong quarterly earnings. It often looks like a customer service representative working within a system with limited options to help. Accountability sinks can range from customer service to decision-making at major corporations.

Persons: —, you've, Dan Davies, It's, Davies, Milton Friedman, Ronald Reagan, Margaret Thatcher, Dave Calhoun, there's Organizations: Service, Business, Boeing, CNBC Locations: jtowfighi@businessinsider.com

☆ Buying the dip on a cheap stock? Don't do it 'just because the price has gone down,' says investing chief
▼ + stars: | 2024-07-12 | by ( Ryan Ermey | ) www.cnbc.com time to read: +6 min

"Buying because the stock price has gone down without knowing some of the underlying issues or without understanding some of the underlying activities, could be problematic," says Clark Bellin, president and chief investment officer at Bellwether Wealth. After all, a stock could take major losses and then soar to new heights à la Apple. But what about that same markdown in the price of that company's stock? You'll just have to figure some things out before you buy, says Sam Stovall, chief investment strategist at CFRA. Rather than scrambling to do research, he says, keep a watchlist of stocks you'd be interested in buying at the right price.

Persons: Clark Bellin, Sam Stovall, Bellin, Charles Rotblut, Stovall, It's, Raife Giovinazzo, Giovinazzo Organizations: Blockbuster, Nike, American Association of, Fuller, Thaler Asset Management, Nasdaq, Yahoo Finance, CNBC

☆ Stock splits can be rocket fuel for a company's shares. Here's who could be next.
▼ + stars: | 2024-07-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

MicroStrategy is the latest company to announce a 10-for-1 stock split as its shares hit $1,340. AdvertisementIt's been a big year for stock splits. According to Bank of America, stock splits can be rocket fuel for prices. Shares of Chipotle have dropped 12% since its shares split 50-for-1 in late June. It represented one of the largest stock splits in the history of the New York Stock Exchange.

Persons: MicroStrategy, —, It's, managements, Steve Sosnick, Eli Lilly, Sosnick Organizations: Service, Nvidia, Walmart, Broadcom, Chipotle, Sony, Lam Research, Texas Pacific, Interactive Brokers, Business, KLA Corp, Netflix, Intuit, Adobe, Bank of America, New York Stock Exchange Locations: Williams, Sonoma, Cintas

☆ JPMorgan reports before the bell Friday. What Wall Street is watching
▼ + stars: | 2024-07-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Along with the top- and bottom-line numbers, Wall Street is also keeping close watch on net interest income and guidance. "We see the greatest sources of potential earnings upside being driven by higher loan growth and capital markets." Barclays analyst Goldberg anticipates a slight decrease in net interest income in the second quarter due to a compression in net interest margin. Last year, the company posted $21.9 billion in net interest income for the period. Despite expectations for seasonally lower trading, he also expects strong investment banking activity and net interest income to drive ongoing positive momentum.

Persons: Jason Goldberg, Jamie Dimon, Goldman Sachs, Richard Ramsden, America's Ebrahim Poonawala, Goldberg, Wells, Mike Mayo, Redburn, John Heagerty Organizations: JPMorgan Chase, LSEG, Barclays, JPMorgan, Bank, America's Locations: United States

☆ RBC adds 2 global oil and gas stocks to its superbly outperforming energy list
▼ + stars: | 2024-07-09 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

RBC Capital Markets added two major global oil and gas companies to its Global Energy Best Ideas list. Those additions come as RBC adjusts its list of preferred energy stocks, simultaneously removing Santos , an Australian oil and gas producer. The stocks in the RBC Global Energy Best Ideas list were collectively resilient last month, declining by just 0.5%. However, it still outperformed the iShares Global Energy ETF , which fell by 2.5% during the same time. RBC has been equally bullish on Woodside Energy , Australia's largest independent oil and gas producer, and its inclusion in its energy basket.

Persons: Santos, Greg Pardy, Wael Sawan Organizations: RBC Capital Markets, Global Energy, Shell, Woodside Energy, RBC, RBC Global Energy, Global Energy ETF, Energy Locations: U.S, Europe, Australian, United States, Senegal

☆ An opportunity for Ford, plus Fed head Powell speaks and Abbott faces trial
▼ + stars: | 2024-07-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

"Buying Abbott Laboratories on this weakness is still too early," Jim Cramer said. Split selling: Broadcom 's 10-for-1 stock split goes into effect July 15. 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, Powell, Financials, Morgan Stanley, Jerome Powell, Abbott, Stellantis, Jim, Ford, Jim Cramer's, David Paul Morris Organizations: CNBC, Nasdaq, Dow Jones, Federal, Basel III, CME Fed, Abbott Laboratories, Broadcom, Ford, Capitol, Jim Cramer's Charitable, Bloomberg, Getty Locations: Basel, Europe, Colma , California

☆ Here are the top stocks to own for the second half, according to BTIG
▼ + stars: | 2024-07-06 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

BTIG shared its newest additions to its list of top stock picks heading into the second half of 2024. With this backdrop in mind, BTIG shared its list of top stock picks going into the second half of the year. However, analyst Janine Stichter's $425 price target implies that shares could rise about 42% from Friday's close. Her price target of $156 is approximately 37% higher than the stock's Friday closing price of $113.69. Other existing names on BTIG's list of top stock picks include Steve Madden , Block and Domino's Pizza .

Persons: BTIG, Jonathan Krinsky, Russell, Krinsky, Janine Stichter's, LULU, Northrop Grumman, Andre, Madrid, Marie Thibault, Thibault, Okta, Gray Powell, Steve Madden Organizations: Aerospace, Northrop, of Locations: Friday's

☆ Goldman Sachs added these global stocks to its 'conviction' lists
▼ + stars: | 2024-07-04 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Goldman Sachs has refreshed its lists of top global stock picks for July, adding some and removing others. The stocks are featured in the investment bank's "Conviction List - Directors' Cut" which seeks to offer investors a "curated and active" list of 15 to 25 buy-rated stocks. Stocks on the list are selected by a subcommittee designated by the bank's Investment Review Committee for each region. "The subcommittee will collaborate with each sector analyst to identify top ideas that offer a combination of conviction, a differentiated view and high risk-adjusted returns," Goldman Sachs said. The investment bank's analyst Ben Andrews expects the company's organic growth and margins to surpass consensus estimates.

Persons: Goldman Sachs, Ronald Keung, Keung, Goldman, Ben Andrews, — CNBC's Michael Bloom Organizations: bank's Investment, Tencent Holdings China, HK, Hong Kong Stock Exchange, U.S, ISS, Copenhagen Stock Exchange Locations: Asia, Pacific, Europe, Danish, U.S

☆ Democrats ask Raimondo to step up enforcement on CHIPS funding
▼ + stars: | 2024-07-01 | by ( Emily Wilkins | ) www.cnbc.com time to read: +2 min

WASHINGTON — A group of Democrats are raising concerns as to whether companies that received federal funding for semiconductors used the money to support stock buybacks - and criticizing their own party over how the awards are given. Raimondo has stated that CHIPS funding is not meant to pad companies' bottom lines or support stock buybacks. But lawmakers urged her to go further, and ban stock buybacks for companies that receive CHIPS funds. About $33 billion of funding from the CHIPS Act has been allocated, mostly to major companies. It also said decisions on buybacks were independent from any funds released through the CHIPS Act.

Persons: Gina Raimondo, WASHINGTON, Sen, Elizabeth Warren, Sean Casten, Bill Foster of, Pramila, Pat Gelsinger, Raimondo, Warren Organizations: Science, Technology, Washington , D.C, CNBC, BAE Systems, Intel, Yahoo, Finance, Microelectronics, Commerce Department Locations: Rayburn, Washington ,, Bill Foster of Illinois, Washington

☆ JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps
▼ + stars: | 2024-06-28 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

JPMorgan Chase and Morgan Stanley said Friday that they were boosting both dividend payouts and share repurchases, while rivals Citigroup and Bank of America made more modest announcements. JPMorgan, the biggest U.S. bank by assets, said it was raising its quarterly dividend 8.7% to $1.25 per share and that it authorized a new $30 billion share repurchase program. Morgan Stanley, a dominant player in wealth management, said it was boosting its dividend 8.8% to 92.5 cents per share and authorized a $20 billion repurchase plan. Citigroup said it was raising its dividend 5.7% to 56 cents per share and that it would "continue to assess share repurchases" on a quarterly basis. Bank of America said it was increasing its dividend 8% to 26 cents per share.

Persons: Brian Moynihan, Jamie Dimon, JPMorgan Chase, Jane Fraser, Morgan Stanley, Dimon Organizations: Bank of America, JPMorgan, Citigroup, Washington , D.C, Federal Reserve Locations: Hart, Washington ,, New York

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Broadcom, Micron, Goldman Sachs, Carvana, Arista & more
▼ + stars: | 2024-06-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Goldman Sachs reiterates Micron as buy Goldman said investors should buy the dip in the stock following earnings on Wednesday. Jefferies reiterates Nvidia, Marvell and Broadcom as buy Jefferies said it's sticking with its buy rating on all three companies. " Morgan Stanley initiates Viking Therapeutics as overweight Morgan Stanley said the biotech company has "best-in-class potential." Morgan Stanley adds Goldman Sachs to the financials finest list Morgan Stanley added the investment banking giant to its top financials ideas list. Morgan Stanley reiterates Coca-Cola as overweight Morgan Stanley said it's sticking with its overweight rating on the beverage giant.

Persons: Goldman Sachs, Goldman, Bernstein, Apple, Mizuho, KBW, it's, Jefferies, AVGO, KeyBanc, Texas Consolidator, TD Cowen, Grindr, GRND, Morgan Stanley, JPM, Oppenheimer, Kyndryl, CVNA, Truist Organizations: Micron, Apple, Bank of America, Petrobras, of America, Mizuho, Holdings, Grab Holdings, New York Mellon, Deutsche Bank, Emerson Electric Deutsche Bank, Nvidia, Marvell, Broadcom, Energy, Crescent Energy Co, Citi, Arista Networks, Arista, Viking Therapeutics, Macquarie, TPG, Markets, JPMorgan, Bancorp, UBS, Disney, Cable Locations: MU, Brazil, Texas, North America, CA

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