DIRS.INFO The most relevant business & tech news

☆ Here are Wednesday's biggest analyst calls: Tesla, Spotify, Apple, GM, Alphabet, Imax, Disney & more
▼ + stars: | 2024-07-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: RBC upgrades Estee Lauder to outperform from sector perform RBC said it sees an attractive risk/reward. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by shares of Tesla following the release of disappointing earnings. Morgan Stanley initiates Biohaven as overweight Morgan Stanley said it sees "value creation" for the biotech company. Morgan Stanley downgrades General Motors to equal weight from overweight Morgan Stanley said it sees a more "balanced" risk/reward for shares of GM. " Cantor Fitzgerald downgrades Tesla to neutral from overweight Cantor downgraded Tesla following earnings on Tuesday.

Persons: Lauder, Raymond James, Taylor Morrison, it's, Morgan Stanley, Tesla, Tesla's, TD Cowen, JFrog, Cowen, Lockheed Martin, Goldman Sachs, Goldman, Smith, Stifel, GOOGL, Jefferies downgrades, Gamble, Jefferies, Piper Sandler downgrades Ulta, Piper, Gordon Haskett, Joel Anderson, Cantor Fitzgerald downgrades Tesla, Cantor Organizations: RBC, Taylor Morrison Homes, Tesla, Lockheed, Spotify, JPMorgan, Garden Entertainment, Apple JPMorgan, Apple, Jefferies downgrades Colgate, Palmolive, Procter, Colgate, Gamble, Deutsche Bank, Deutsche, Motors, GM, Barclays, Disney, Universal Studios, Davidson Locations: GenAI, Malibu

☆ CME Group CEO Terry Duffy on record quarter
▼ + stars: | 2024-07-24 | 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 EmailCME Group CEO Terry Duffy on record quarterTerry Duffy, CME Group CEO, joins 'Money Movers' to discuss the company's record-hitting earnings report, his reaction to Cantor Fitzgerald CEO Howard Lutnick's comment, and more.

Persons: Terry Duffy, Cantor Fitzgerald, Howard Lutnick's

☆ Tesla tanks 13% after earnings, dragging other EV stocks lower
▼ + stars: | 2024-07-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Tesla's stock dropped as much as 13% on Wednesday after reporting weak second-quarter earnings. AdvertisementTesla stock tumbled as much as 13% on Wednesday after the company's second-quarter results offered limited reassurance to eager investors. It marked the fourth straight quarter Tesla has fallen short of analyst forecasts. The taxi's unveiling, seen by many on Wall Street as a major AI-driven catalyst for Tesla, was originally scheduled for next month. "Tesla's muddling through the EV recession," Morgan Stanley analyst Adam Jones wrote, citing a quarter-over-quarter drop in capital expenditures.

Persons: Tesla, —, Elon Musk, Morgan Stanley, Adam Jones, Nikola, Dan Levy, Tesla's, Cantor Fitzgerald, Andres Sheppard, Gene Munster, Dan Ives, Sheppard Organizations: Service, EV, General Motors, Buick, Barclays, Deepwater Asset Management, Wedbush Securities, Tesla

☆ Wall Street analysts see more downside ahead for Tesla as latest earnings report lacks 'razzle dazzle'
▼ + stars: | 2024-07-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Wall Street is bracing for a rocky road ahead for shares of Tesla on the heels of a messy second-quarter print. That week Tesla shares rallied more than 27% to briefly erase a year-to-date loss . UBS analyst Joseph Spak noted the current stock price reflects a investors ascribing a "hefty value" to these plans. His $120 price target implies about 28% downside from Tuesday's close. Piper Sandler's Alexander Potter upped his price target to $300 from $205 a share, citing expectations for a faster-than-expected rollout of full self-driving (FSD) capabilities.

Persons: Tesla, Wells Fargo's Colin Langan, Cantor Fitzgerald, Pierre Ferragu, Goldman Sachs, Mark Delaney, Delaney, Joseph Spak, Spak, Toni Sacconaghi, Piper Sandler's Alexander Potter, Baird's Ben Kallo, Stephen Gengaro Organizations: Tesla, UBS, EV Locations: 1H25

☆ Markets broaden as investors sell tech winners, but further turbulence may be on the way
▼ + stars: | 2024-07-20 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

The four best-performing stocks in the S & P 500 year to date were down an average of 13.5% last week. .SPX 5D mountain The S & P 500's performance in the past five trading days. The anchoring effect of a persistently strong half-dozen $1-trillion to $3-trillion companies atop the S & P 500 while most stocks wallowed had the effect of suppressing index volatility. The S & P 500 is now about 3% off its record, and the Nasdaq 100 is in a roughly 5% retreat from its high. History says when the S & P 500 has been up more than 10% in the first half of a year , as in 2024, it has gone to further highs by year's end nearly every time.

Persons: Russell, Donald Trump, Cash, Parag Thatte, Thatte, Goldman Sachs, wallowed, Cantor Fitzgerald Organizations: Axonic Capital, Deutsche Bank, Nasdaq

☆ Here are Friday's biggest analyst calls: Netflix, Nvidia, Apple, Arm, Meta, Amazon, Hasbro, Coinbase, Broadcom & more
▼ + stars: | 2024-07-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: UBS upgrades Accenture to buy from neutral UBS said the IT services company has AI optionality. UBS upgrades Wolverine World Wide to buy from neutral UBS said it sees sales growth and margin upside for the footwear manufacturer. JPMorgan reiterates Netflix as overweight JPMorgan said it's sticking with its overweight on Netflix following Thursday's earnings report. Bank of America reiterates Amazon as buy Bank of America said it's sticking with its buy rating following Amazon's Prime Day. UBS upgrades Ameren to buy from neutral UBS upgraded the electric services company and said regulatory risks are "overly discounted."

Persons: Morgan Stanley, Oppenheimer, William Blair, it's, Needham, Coinbase, Wedbush, it's bullish, Barclays downgrades Molson Coors, Cantor Fitzgerald, Cantor, Evercore, JPMorgan, Buck, Melius Organizations: UBS, Accenture, JPMorgan, Netflix, Revenue, Bank of America, 3Q, Nvidia, Meta, NASDAQ, Trump, Vance, Big Tech, Choice, Barclays downgrades, Barclays, TAP, Apple, Services, Broadcom, Broadcom's, Consumer, Hasbro Locations: China, Coinbase

☆ Here are Thursday's biggest analyst calls: Nvidia, Gap, Exxon, Apple, Block, Toast, Allstate, AMC, Chipotle, Dollar Tree & more
▼ + stars: | 2024-07-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Nvidia as buy Bank of America said it's sticking with its buy rating on Nvidia and that investors should "focus on fundamentals." "We are initiating on Frontier with a Buy rating and $33 PT." BMO upgrades Allstate to outperform from market perform BMO said it sees growth potential for the insurance company. " Morgan Stanley reiterates Taiwan Semiconductor as overweight Morgan Stanley said it's sticking with its overweight rating following the company's earnings report. " "We initiate coverage of Impinj with an Overweight rating and $205 price target."

Persons: Wolfe, Mizuho, it's, Goldman Sachs, Goldman, Baird, Morgan Stanley, Wells, TD Cowen, Redburn, William Blair, –, Roth MKM, Roth, TSMC, JPMorgan, Chipotle, Cantor Fitzgerald, Cantor Organizations: Exxon, ExxonMobil, Bank of America, Nvidia, Apple, UBS, Frontier, Mizuho, Citi, Vans, BMO, Allstate, Deutsche, Meta, Paris, Palo Alto Networks, Palo, AMC, 3Q, Taiwan Semiconductor, JPMorgan, CMG Locations: Palo Alto

☆ Trump's stance on Taiwan could potentially be devastating for the US economy
▼ + stars: | 2024-07-18 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Trump's stance could have major implications for Taiwan's dominance in semiconductor chip manufacturing should any potential conflict arise between Taiwan and China. And such a scenario would likely have a cataclysmic effect on the US economy should the global chip supply chain be disrupted. And Taiwan's microchip production is anchored by the Taiwan Semiconductor Manufacturing Company, or TSMC, a global powerhouse. A recent report released by the Semiconductor Industry Association revealed that America's share of global chip manufacturing is set to increase to 14% by 2032. After Trump's latest remarks about Taiwan and the potential for tighter trade curbs on China, global chip stocks fell, with notable declines for Nvidia, TSMC, and Qualcomm, among others.

Persons: —, Donald Trump, Trump, Joe Biden, Biden, CJ Muse, Cantor Fitzgerald, Trump's Organizations: Service, Bloomberg Businessweek waded, Business, Taiwan Semiconductor Manufacturing Company, US State Department, Financial Times, Bloomberg Businessweek, Congress, China, Bloomberg, CNBC, of Commerce, BIS, of Industry, Security, Semiconductor Industry Association, Nvidia, TSMC, Qualcomm Locations: Taiwan, China, Beijing, America

☆ Watch CNBC's full interview with Cantor Fitzgerald's Howard Lutnick
▼ + stars: | 2024-07-17 | 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 EmailWatch CNBC's full interview with Cantor Fitzgerald's Howard LutnickHoward Lutnick, Cantor Fitzgerald chairman and CEO, joins 'Money Movers' to discuss what a Republican sweep in November would mean for the economy, questions around the deficit, and much more.

Persons: Cantor Fitzgerald's Howard Lutnick Howard Lutnick, Cantor Fitzgerald Organizations: Republican

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

☆ At least 4 people killed, 9 others injured in shooting at Birmingham nightclub, police say
▼ + stars: | 2024-07-14 | by ( Paradise Afshar | ) edition.cnn.com time to read: +1 min

CNN —At least four people were killed and nine others were wounded in a shooting at a Birmingham, Alabama, nightclub late Saturday night, police said. Two women inside the nightclub and a man who was found on a sidewalk near the venue were pronounced dead at the scene, police said. Police did not identify any suspects in the shooting and no arrests have been announced as of Sunday morning. “Detectives are working to determine what led to shots being fired and the victims being shot,” Fitzgerald said. Like CNN, the archive defines a mass shooting as one in which four or more people are shot, not including the shooter.

Persons: Truman Fitzgerald, Fitzgerald, ” Fitzgerald Organizations: CNN, Birmingham, Police Locations: Birmingham , Alabama, United States

☆ The S&P 500 hasn't been this overbought since late 2023 — signaling trouble ahead
▼ + stars: | 2024-07-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

The S & P 500's 14-day relative strength index, or RSI, closed above 81 on Wednesday. This coincided with the S & P 500 closing above 5,600 for the first time. The S & P 500 has closed with an RSI above 81 only 12 other times in the past 40 years, Cantor head of equity derivatives Eric Johnston pointed out. After entering such overbought conditions, the S & P 500 has averaged a decline of 2.21% in the following 15 days, Johnston's data shows. Traders took some profits off the table on Thursday, with the S & P 500 losing 0.9%, pulling back from the all-time highs reached in the previous session.

Persons: Cantor Fitzgerald, Cantor, Eric Johnston Organizations: Traders

☆ See inside a historic 50,000-square-foot mansion on New York's Gold Coast that's featured in 'The Gilded Age'
▼ + stars: | 2024-07-07 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. One such mansion is Hempstead House, which is located in Sands Point Preserve, a 216-acre park about 30 miles outside New York City. The Guggenheims lived in Hempstead House together until 1930, when Daniel died. In July 2024, I paid $15 to park at Sands Point Preserve and then another $10 to take a guided tour of Hempstead House. Here's what it was like inside the 112-year-old mansion and what I learned about life there.

Persons: —, Scott Fitzgerald's, Howard Gould, Florence Guggenheim, Daniel, Florence Organizations: Service, Hempstead House, Business, Preserve, Institute of Aeronautical Sciences, US Navy, Guggenheim Locations: Shore, Long, Hempstead, Sands Point, New York City, Daniel, Hempstead House, Sands, Nassau County

But the court’s opinion also makes clear that this ruling is not a death knell for Smith’s case. Smith charged Trump with engaging in a “criminal scheme” to subvert the 2020 election; Trump has pleaded not guilty to four counts. In Nixon v. Fitzgerald, the Supreme Court held that a president enjoyed civil immunity for all “official acts.” Now, in Trump v. United States, the court grappled with which “official” acts should also receive criminal immunity. In order to settle the extent of Trump’s immunity, Chutkan should expeditiously schedule the mini-trial to hear witness testimony and receive other relevant evidence from both parties. In response to Trump’s assertion of civil immunity there, the DC Circuit put in place a lengthy discovery schedule for the lower court to determine the extent of Trump’s civil immunity.

Persons: Norman Eisen, “, Donald Trump, Danya Perry, Joshua Kolb, Neil Gorsuch, Jack Smith’s, Donald Trump’s, Norm Eisen, Tanya Chutkan, Smith, Trump, Nixon, Fitzgerald, —, Joshua Kolb CJ, John Roberts, Justice Department —, Mike Pence, Mark Meadows, Jeffrey Clark —, Clark, Steve Jones, Meadows, Brad Raffensperger, Jones, Meadows’s, Sotomayor, Chutkan, Pence, Bill Barr —, Trump’s, slimming, ”, Justice Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson Organizations: CNN, Perry Law, Division, Southern, of, State, Moreland Commission, Nixon, Trump v ., Justice Department, Trump, White, Trump administration, Georgia, Meadows, Circuit, Congress, Capitol Police, Capitol, DC Circuit, Twitter Locations: of New York, New York, Moreland, Trump v, Trump v . United States, Georgia, Fulton, Meadows

☆ Is the U.S. stock market too ‘concentrated’? Here’s what to know
▼ + stars: | 2024-07-01 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

David Paul Morris/Bloomberg via Getty ImagesThe U.S. stock market has become dominated by about a handful of companies in recent years. Some experts question whether that "concentrated" market puts investors at risk, though others think such fears are likely overblown. The so-called "Magnificent Seven" — Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla — make up about 31% of the index, it said. Why stock concentration may not be a concernThe S&P 500 tracks stock prices of the 500 largest publicly traded companies. When there were big market crashes, they generally don't appear to have been associated with stock concentration, he added.

Persons: Jensen Huang, David Paul Morris, Morgan Stanley, Charlie Fitzgerald III, John Rekenthaler, Rekenthaler, Elroy Dimson, Paul Marsh, Mike Staunton, We've, Goldman Sachs, Fitzgerald, Moisand Fitzgerald Tamayo, Charlie Fitzgerald Organizations: Nvidia Corp, Blackwell, Nvidia, Technology, Bloomberg, Getty, Microsoft, Tesla, U.S, Finance, Morningstar, Big U.S, Goldman, Goldman Sachs Research Locations: Orlando , Florida, U.S, Switzerland, France, Australia, Germany, South Korea, United Kingdom, Taiwan, Canada

☆ Eli Lilly and Novo Nordisk are ahead in manufacturing but need time to meet demand, says Louise Chen
▼ + stars: | 2024-06-27 | 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 EmailEli Lilly and Novo Nordisk are ahead in manufacturing but need time to meet demand, says Louise ChenLouise Chen, Cantor Fitzgerald analyst, joins CNBC's 'Squawk Box' to discuss Eli Lilly's surge over the past year, manufacturing, and more.

Persons: Eli Lilly, Louise Chen Louise Chen, Cantor Fitzgerald, Eli Lilly's Organizations: Novo Nordisk

☆ Why Apple's focus on AI privacy could help fuel the next iPhone upgrade cycle
▼ + stars: | 2024-06-26 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Apple shares jumped 2% Wednesday after Rosenblatt Securities upgraded the iPhone maker to a buy rating from hold. 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, Cantor Fitzgerald, Jim, Tim Cook, Morgan Stanley, Wells, Jefferies, Jim Cramer's Organizations: CNBC, Nasdaq, Big Tech, Apple, Nvidia, Rosenblatt Securities, Federal Locations: Wells Fargo

☆ Nvidia: Here's why Cantor Fitzgerald raised its price target on the stock
▼ + stars: | 2024-06-26 | 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 EmailNvidia: Here's why Cantor Fitzgerald raised its price target on the stockC.J. Muse, Cantor Fitzgerald analyst, joins 'Squawk on the Street' to discuss Nvidia before the chipmaker's shareholder meeting.

Persons: Cantor Fitzgerald Organizations: Nvidia

☆ Oakland’s Mayor Had Enough Troubles. Then the F.B.I. Came Knocking.
▼ + stars: | 2024-06-24 | by ( Amy Qin | Joe Fitzgerald Rodriguez | ) www.nytimes.com time to read: 1 min

Violent crime and burglaries had become enough of a problem that getting an In-N-Out burger and fueling up near the airport was considered a risky endeavor. The city’s last remaining major league sports team announced in April that it would leave town after 57 seasons. All of which served to drive signatures for a recall election against Mayor Sheng Thao only 18 months into her tenure — a rare ouster attempt in a city this large. Then, two days after the recall qualified for the ballot last week, F.B.I. agents raided the home of Ms. Thao and stayed there for hours.

Persons: Sheng Thao, Thao Locations: Oakland, Calif

☆ AI trade is at a 'short-term, tactical top', says Cantor Fitzgerald's Eric Johnston
▼ + stars: | 2024-06-21 | 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 EmailAI trade is at a 'short-term, tactical top', says Cantor Fitzgerald's Eric JohnstonEric Johnston, Cantor Fitzgerald head of derivatives & cross asset, and Bob Elliott, Unlimited Funds CEO, join 'Closing Bell Overtime' to talk the days market action.

Persons: Cantor, Eric Johnston Eric Johnston, Cantor Fitzgerald, Bob Elliott Organizations: Unlimited Funds

David DePape was convicted on Friday of five charges, brought by the state of California, for breaking into Nancy Pelosi’s home in 2022 and beating her husband with a hammer. The verdict in the state trial concluded a case that had raised fears of politically motivated violence in a divided America and reflected some of the darkest currents in the country’s politics. In the years leading up to the attack, Mr. DePape was submerged in online conspiracy theories like Pizzagate and QAnon and the virulent rhetoric that right-wing figures had for years embraced against their opponents, including Ms. Pelosi. The convictions by a state jury in a San Francisco courtroom followed Mr. DePape’s convictions in federal court last year that resulted in a 30-year sentence. Mr. DePape, 44, now faces a life sentence without parole in state prison, to be completed after he serves his federal term.

Persons: David DePape, Nancy Pelosi’s, DePape, Ms, Pelosi Locations: California, America, San Francisco

☆ How the Supreme Court could decide Trump’s blockbuster fight for immunity
▼ + stars: | 2024-06-18 | by ( John Fritze | ) edition.cnn.com time to read: +8 min

Trump’s out of luck: No immunityThe simplest outcome would be for the Supreme Court to rule that former presidents are not entitled to immunity from criminal prosecution. Nixon and the ‘outer perimeter’ of powerBut the justices could reach more broadly by granting some degree of immunity for “official” actions. That official-versus-private debate emerged as a key component of Trump’s immunity battle and will be closely scrutinized once the opinion lands. In terms of timing, a lot would depend on the direction the Supreme Court gives Chutkan in its opinion. It could also raise the possibility of further pre-trial legal wrangling, unless the Supreme Court explicitly ruled out appeals of those decisions.

Persons: Donald Trump, –, Jack Smith’s, Trump, “ Trump, ”, Jonathan Entin, Trump’s, John Roberts, Brett Kavanaugh –, he’s, ” Roberts, ” It’s, Neil Gorsuch, ” Kavanaugh, Nixon, Fitzgerald, Ernest Fitzgerald, Richard Nixon, Rudy Giuliani, Matthew Seligman, Alison LaCroix, ‘, Tanya Chutkan, “, ” Entin, Smith, LaCroix, we’ll, ’ ” Organizations: CNN, Trump, Case Western Reserve University’s School of Law, Appeals, DC Circuit, Supreme, Nixon, Air Force, Constitutional, Center, Stanford Law School, Security, University of Chicago Law School, US

☆ The Oakland A's are leaving the city, but a new baseball team is trying to fill the void. Here's an exclusive look at the pitch deck the Ballers used to raise $2 million.
▼ + stars: | 2024-06-17 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +4 min

Read previewOakland was once home to three major sports teams: the Golden State Warriors, Oakland Raiders, and Oakland Athletics. The Oakland Ballers raised $2 million from 53 individual investors. Before founding the Ballers, Freedman was a serial entrepreneur in the human capital and education sectors. "We're a minor league team in a major league market," Freedman said. Check out the 15-slide pitch deck the Ballers used to raise $2 million:

Persons: —, Paul Freedman, Freedman, Bryan Carmel, " Freedman, Carmel, Michael Fitzgerald, Gagan Biyani, Biyani, Kara Nortman, Angel City, Alexis Ohanian, Serena Williams, Natalie Portman, Williams, Venus, Tiger Woods, Rory McIlroy Organizations: Service, Golden State Warriors, Oakland Raiders, Oakland Athletics, NBA's Warriors, NFL's Raiders, Las, MLB's Athletics, Business, Oakland, Pioneer League, MLB, Education, A's, Maven, Area, cofounding Angel City Football Club, Angel, TGL Locations: San Francisco, Las Vegas, Oakland, Ireland, Ballers, Los Angeles, Ohanian

☆ A successful Alzheimer's drug will help Eli Lilly join the $1 trillion club
▼ + stars: | 2024-06-11 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Eli Lilly became the most valuable health-care company in the world on the back of its blockbuster diabetes and obesity drugs. The billions of dollars in Eli Lilly is investing in manufacturing capacity support the idea that the long-term opportunity is immense. Adding Eli Lilly to the market could help address some of the obstacles that limited Leqembi's sales early on. Eli Lilly, which has spent billions in search of a successful Alzheimer's treatment , had hoped for donanemab to be approved by now. A sign with the company logo sits outside of the headquarters campus of Eli Lilly and Company on March 17, 2024 in Indianapolis, Indiana.

Persons: Eli Lilly, donanemab, Eli Lilly's, Donanemab, Leqembi —, Biogen, —, Jim Cramer's, Ken Langone, Morgan Stanley, Cantor Fitzgerald, Leqembi, Jim Cramer, Jim, Scott Olson Organizations: Food and Drug Administration, FactSet, Novo Nordisk, FDA, GE Healthcare, CNBC, Company, Getty Locations: GLP, Indianapolis , Indiana

☆ Here are Tuesday's biggest analyst calls: Apple, Nvidia, Uber, Shopify, Tesla, Ford, Alphabet, Pepsi, Broadcom & more
▼ + stars: | 2024-06-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's sticking with its overweight rating following the company's Worldwide Developers Conference. Baird reiterates Tesla as outperform Baird said it's sticking with its outperform rating heading into Thursday's shareholder meeting. "We are initiating coverage of Bitdeer Technologies Group (BTDR) with an Overweight rating and $13 PT." We argue the former, initiating coverage with an Outperform rating and $50 TP." Barclays reiterates PepsiCo as overweight Barclays said it's sticking with its overweight rating on the stock despite a bumpy macro in the salty snacks category.

Persons: Morgan Stanley, Apple, WWDC, Oppenheimer, Ford, Baird, Tesla, Evercore, Cantor Fitzgerald, Cantor, Piper Sandler, Piper, it's, it's bullish, Bernstein, BTIG, D.A, Davidson, Citi, Uber Organizations: Nets, Apple, JPMorgan downgrades, JPMorgan, Nvidia, Bitdeer, Bitdeer Technologies, Citi, Broadcom, VMware, Barclays, DA, PepsiCo Locations: JPMorgan downgrades Cleveland, Cleveland, Delaware, China

Search resuls for: "Fitzgerald"

25 mentions found