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Along with the downgrade, Roach slashed her price target to $286 from $463. Along with the downgrade, Arya cut his price target to $23 from $35 a share. — Samantha Subin 6:15 a.m.: Apple results suggest 'best is yet to come,' support multiyear upgrade cycle The latest earnings report from Apple reaffirms analysts' confidence in the technology giant and a multiyear upgrade cycle when it launches its latest iPhone later this year. Bernstein's Mark Shmulik trimmed his price target by $5 to $210 a share but encouraged investors to use the sell-off as an entry point. His price target of $95, down from $99, implies downside of 6.6% over the next 12 months.

Persons: Wells Fargo, Morgan Stanley, Henning Cosman, Cosman, — Samantha Subin, Goldman Sachs downgrades Lululemon, Goldman Sachs, Lululemon, Brooke Roach, Roach, LULU YTD, Vivek Arya, Arya, Samantha Subin, America's Wamsi Mohan, macOS, Samik Chatterjee, Citi's Atif Malik, Bernstein's Toni Sacconaghi, Morgan Stanley's Brian Nowak, ISI's Mark Mahaney, Bernstein's Mark Shmulik, Wells, downgrades Morgan Stanley Wells Fargo, Mike Mayo, Mayo, Morgan, Fred Imbert Organizations: CNBC, Barclays, Ferrari, Bank of America, Intel, AMD, Apple, Apple Intelligence, America's, Amazon, Web Services, North Locations: Europe, U.S, Lululemon

☆ Wall Street analysts think investors should buy the dip in Amazon, call cloud business a 'bright spot'
▼ + stars: | 2024-08-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Investors may way to consider buying the dip in Amazon , according to some Wall Street analysts. A 'bright spot' in AWS Despite Thursday's disappointing results, many Wall Street analysts are finding the positive in the company's Amazon Web Services division. Many expect this business to continue gaining steam, with Susquehanna Financial Group's Shyam Patil referring to this acceleration as a "bright spot" in the results. Evercore ISI's Mark Mahaney referred to accelerating AWS growth as one of "three fundamental catalysts" for the stock. Bank of America's Justin Post named the stock the firm's top large cap picks, citing the AWS acceleration and opportunity within artificial intelligence.

Persons: Deutsche Bank's Lee Horowitz, Deutsche Bank's Horowitz, Mark Shmulik, Shyam Patil, Patil, Morgan Stanley's Brian Nowak, Evercore, Mark Mahaney, Bank of America's Justin Post, We're, Doug Anmuth, Anmuth Organizations: Deutsche, Wall, Web Services, Susquehanna, Bank of America's

☆ Apple reports results after the bell. Here's what Wall Street is watching
▼ + stars: | 2024-08-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

iPhone sales are expected to reach $38.64 billion and decline more than 2% year over year as the company grapples with a stretch of stagnant growth. Long also echoed concerns the new iPhone won't be enough to fuel a "meaningful" upgrade cycle to support the premium. AI-fueled upgrade cycle Apple's September quarter is expected to include about a week of new iPhone sales. Wall Street will also keep a close watch on China sales following an 8% decline during the second quarter. "While Greater China sales remain sluggish, mainland China iPhone sales have been stronger than expected and we are encouraged by iPhone demand picking up in emerging markets," said Raymond James analyst Srini Pajjuri.

Persons: ISI's Amit Daryanani, Tim Long, Long, iPhones bottoming, Evercore, bode, Bernstein's Toni Sacconaghi, tailwinds, JPMorgan's Samik Chatterjee, Baird's William Power, Raymond James, Srini Pajjuri Organizations: Apple Intelligence, Barclays, Apple, Verizon, Huawei Locations: China

☆ Focus will be what Apple intelligence could mean for iPhone 16, says Evercore ISI's Amit Daryanani
▼ + stars: | 2024-08-01 | 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 EmailFocus will be what Apple intelligence could mean for iPhone 16, says Evercore ISI's Amit DaryananiAmit Daryanani, IT hardware analyst at Evercore ISI, joins 'The Exchange' to discuss the preview into Apple as investors wait for the tech giant to report its earnings after the bell.

Persons: Evercore ISI's Amit Daryanani Amit Daryanani Organizations: Apple, Evercore ISI

☆ Elevated volatility is going to be present over the next two months, says Virtus' Joe Terranova
▼ + stars: | 2024-08-01 | 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 EmailElevated volatility is going to be present over the next two months, says Virtus' Joe TerranovaVirtus’ Joe Terranova, CIC Wealth’s Malcolm Ethridge and Evercore ISI's Mark Mahaney, join 'Closing Bell' to discuss markets, the Fed and their broader economic outlook.

Persons: Virtus, Joe Terranova Virtus ’ Joe Terranova, Malcolm Ethridge, Mark Mahaney Organizations: Fed

☆ How a second Trump presidency could impact the Fed and the economy
▼ + stars: | 2024-08-01 | 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 EmailHow a second Trump presidency could impact the Fed and the economyKrishna Guha, Vice Chairman of Evercore ISI, discusses how a second Trump presidency could impact the Federal Reserve.

Persons: Trump, Krishna Guha Organizations: ISI, Federal Reserve

☆ Watch CNBC’s full interview with Virtus’ Joe Terranova, CIC Wealth’s Malcolm Ethridge and Evercore ISI's Mark Mahaney
▼ + stars: | 2024-08-01 | 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 Virtus’ Joe Terranova, CIC Wealth’s Malcolm Ethridge and Evercore ISI's Mark MahaneyVirtus’ Joe Terranova, CIC Wealth’s Malcolm Ethridge and Evercore ISI's Mark Mahaney, join 'Closing Bell' to discuss markets, the Fed and their broader economic outlook.

Persons: Virtus ’ Joe Terranova, Malcolm Ethridge, Mark Mahaney Virtus, Joe Terranova, Mark Mahaney Organizations: Virtus ’, Fed

☆ Meta shares jump on Q2 beat, raises 2024 capex outlook
▼ + stars: | 2024-07-31 | 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 EmailMeta shares jump on Q2 beat, raises 2024 capex outlookMark Mahaney, Evercore ISI head of internet research, and Angelo Zino, CFRA senior analyst, join 'Closing Bell Overtime' to talk Meta Q2 earnings.

Persons: Mark Mahaney, Angelo Zino, CFRA Organizations: Meta

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Roblox, Netflix, Amazon, Tesla, McDonald's, Affirm & more
▼ + stars: | 2024-07-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Loop initiates BrightView as buy Loop said it's bullish on shares of the commercial landscaping company. Evercore ISI reiterates Apple as outperform Evercore said it's bullish ahead of Apple earnings later this week. " Bank of America reiterates Roblox as buy Bank of America said it's standing by Roblox ahead of earnings on August 1. Deutsche Bank reiterates McDonald's as buy Deutsche said it's standing by the fast food giant following earnings. Bank of America reiterates Goldman Sachs as buy Bank of America said top pick Goldman Sachs has "cyclical/secular tailwinds."

Persons: Evercore, it's, Jensen Huang, Nvidia's Blackwell, Blackwell, KBW, Oppenheimer, Wells, Roblox, Tesla, McDonald's, Baird, Edward Jones, Goldman Sachs, ROE resiliency, Morgan Stanley, Wells Fargo Organizations: Apple, Citi, Nvidia, " Bank of America, of America, Barclays, UBS, Amazon, Netflix, Bank of America, JPMorgan, RBC, Tesla, Deutsche Bank, Deutsche, Whirlpool, underperform Bank of America, Abbott Laboratories, Abbott Labs, Edward, Stock, 2Q, PNC, WF

☆ How to think like an Olympian and develop a winner’s brain
▼ + stars: | 2024-07-30 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +12 min

Not only do Olympic athletes tone their bodies into near perfection; they hone their minds as well. Researchers have studied Olympians for decades and found they share some common traits, habits and qualities that you too can use to develop a winner’s mindset. Greece's Giannis Antetokounmpo dunks the ball in the men's preliminary round during the Paris 2024 Olympic Games. Banish self-doubtThere is no room for doubt in the minds of Olympic athletes, according to Gould. Italy's Sofia Goggia takes part in the women's downhill third training session during the Beijing 2022 Winter Olympic Games.

Persons: CNN —, ”, Jeff Brown, Brown, Dan Gould, Gould, ” Gould, Greece's Giannis Antetokounmpo, Kelly McGonigal, “, McGonigal, you’ve, ” Simone Biles, ” Brown, we’re, Simone, ” Ahtziri Sandoval, Tom Weller, VOIGT, I’ve, Italy's Sofia Goggia, Fabrice Coffrini, it’s, Trinity Rodman, Alexandra Popp, Brad Smith, don’t, Spain's Maria Xiao, Wang Zhao, France's Léon Marchand, Manan Vatsyayana, I’m, they’re Organizations: CNN, Harvard Medical School, Boston Marathon, Institute for, Youth Sports, kinesiology, Michigan State University, US Olympic Committee, United States Tennis Association, Research, Getty, Team Mexico, Olympic, Italy's, ”, Paris, Paris Games Locations: England, Beijing, AFP, United States, Germany

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Live Nation, 3M, Uber, Eli Lilly, Amazon, Coinbase & more
▼ + stars: | 2024-07-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Morgan Stanley reiterates Live Nation as overweight Morgan Stanley said shares of the entertainment concert company are compelling. " Cantor Fitzgerald reiterates Nvidia as overweight Cantor said the stock is still a top pick at the firm. Guggenheim upgrades Akamai to buy from neutral Guggenheim said shares of the cloud computing networking company have more room to run. Bank of America reiterates Apple as buy Bank of America said it's bullish heading into Apple earnings later this week. JPMorgan reiterates Eli Lilly as overweight JPM said the stock is a "core holding" ahead of earnings on August 8.

Persons: Morgan Stanley, Cantor Fitzgerald, Cantor, TD Cowen, AAPL, Wells, Booz Allen Hamilton, it's, Guggenheim, Piper Sandler, Charles Schwab, Piper, Schwab, Olin, Mizuho, Bill Brown's, Myers Squibb, JPMorgan, Eli Lilly, JPM, Evercore, Tesla, Oppenheimer, Raymond James, Davidson, Raymond James downgrades Organizations: NVDA, MU, Apple, Huawei, Booz, Guggenheim, RBC, Deutsche Bank, Northrop, Deutsche, JPMorgan, Uber, Holdings, 3M, " Bank of America, Bank of America, Edge, Barclays downgrades Bristol, Myers Squibb, Barclays, Bristol, Ford, Microsoft, Charter, HSBC Locations: China, underperform

☆ Evercore's Palmer: McDonald's had a 'sobering quarter'
▼ + stars: | 2024-07-29 | 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 EmailEvercore's Palmer: McDonald's had a 'sobering quarter'David Palmer, Evercore ISI managing director, joins 'Squawk on the Street' to discuss McDonald's quarterly earnings results, how concerning the international markets are for fast food, and much more.

Persons: Evercore's, McDonald's, David Palmer

☆ USWNT 4-1 Germany: U.S. finds scoring groove to secure knockout spot at 2024 Olympics
▼ + stars: | 2024-07-28 | by ( Jeff Rueter | Steph Yang | ) www.nytimes.com time to read: +8 min

Jeff Rueter and Steph Yang dissect how the U.S. took the top spot in Group B with one game to go. Swanson crashed the box for the second U.S. goal, catching Smith’s rebounding shot off Germany goalkeeper Ann-Katrin Berger. In the second half, everyone was looking tired, especially with no rotation in the starting XI from the first game. For a second straight game, Williams was brought on late to ice the game as a pressing-minded forward. Ultimately, Sonnet looked the part throughout the second half.

Persons: Sophia Smith, Mallory Swanson, Lynn Williams, Jeff Rueter, Steph Yang, Swanson, Smith, ” Swanson, Ann, Katrin Berger, Trinity, Rose Lavelle, you’ve, mpics ar, sy, mpic ho Organizations: U.S, women’s, Sweden, U.S . Locations: Germany, Brazil, U.S, United States

☆ Earnings playbook: Your guide to the busiest week of the season, including Microsoft and Apple
▼ + stars: | 2024-07-28 | by ( Fred Imbert | ) www.cnbc.com time to read: +4 min

Of those names, 78% have beaten earnings expectations. Tuesday Advanced Micro Devices is set to report earnings after the bell. Thursday Apple is set to report earnings following the market close. This quarter: Expectations are muted around the tech giant, with analysts forecasting just 6% year-over-year earnings growth, according to LSEG data. This quarter: Analysts polled by LSEG see earnings growth of more than 55% for Amazon.

Persons: Ruben Roy, Jefferies, AAPL, Baird, Will Power, AMZN, LSEG, Brian Pitz, 120bps Organizations: Microsoft, Devices, Apple, Google, CNBC, AMD, LSEG, GPU, ISI, Apple Intelligence, Amazon, BMO

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Tesla, Skechers, Meta, Southwest, Amazon, Sweetgreen, & more
▼ + stars: | 2024-07-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating on Tesla " Tesla AI Infrastructure 'base' is by far the fastest rising part of its asset base." Morgan Stanley downgrades WW International to equal weight from overweight Morgan Stanley downgraded the company formerly known as Weight Watchers due to concerns about free-cash flow. Morgan Stanley initiates CervoMed as overweight Morgan Stanley said it's bullish on shares of the biotech company. " Morgan Stanley downgrades STMicroelectronics to equal weight from overweight Morgan Stanley downgraded the stock following earnings. Morgan Stanley reiterates Meta as overweight Morgan Stanley said buy the dip in shares of Meta.

Persons: Redburn, Lockheed Martin, Raymond James, Apple, it's, Morgan Stanley, Tesla, Piper Sandler, Alexander, Baldwin, Piper, ALEX, TD Cowen, Morgan Stanley downgrades STMicroelectronics, Baird, Meta, Guggenheim, Oppenheimer, Sweetgreen, Stifel, Jefferies, Rosenblatt Organizations: Deutsche Bank, Airlines, Deutsche, Lockheed, Apple, Citi, Amazon, AMC, International, Dianthus Therapeutics, Meta, " Bank of America, underperform Bank of America, Barclays, Microsoft, Aviation, Security, Nvidia, Qualcomm, Pharmaceuticals Locations: NYC, Brunswick

☆ France 3 United States 0: Olise and Lacazette show class, Mihailovic nearly scores Olympic wondergoal
▼ + stars: | 2024-07-24 | by ( Jeff Rueter | Greg O'Keeffe | ) www.nytimes.com time to read: +9 min

Greg O’KeeffeHow do United States build on this? With the group favorite in the rearview, the United States now has 180 minutes remaining to make its case for a spot in the knockout rounds. AdvertisementUndoubtedly, the United States needs to be more confident when going forward. As it stands, most of the players from this defeat will have to shake off the result and focus on getting things back on track for the United States. United States play New Zealand on Saturday in Marseille, before finishing Group A with a match against Guinea in Saint-Etienne on Tuesday.

Persons: Thierry Henry’s, Alexandre Lacazette, Marko Mitrovic, Michael Olise, Loic Bade, Jeff Rueter, Greg O’Keeffe, Olise, Tanner Tessmann, Gianluca Busio, John Todd, Guillaume Restes, Djordje Mihailovic, John Tolkin, Paxten Aaronson, Mihailovic, Diego Luna, Cole Bassett, Gregg Berhalter’s USMNT, Brad Smith, rance, ouble, l ead, lise up to, kel, Aaron, Brin, Booth, Bey, howe, cori, Wiley, elia, le in hi, ake Organizations: France, Marseille, Former Arsenal, Bayern Munich, Sevilla, Guinea, Marseille … Young U.S, Getty, New, MLS, Chicago Fire, Mitrovic, AZ, Colorado Rapids, Toulouse, Premier League, Bundesliga, Adv, Uni, G Locations: States, U.S, New Zealand, Marseille, Olise, France, Guinea, United States, Netherlands, Crystal, France’s

☆ Alphabet remains one of our top picks, says Evercore ISI's Mark Mahaney
▼ + stars: | 2024-07-24 | 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 EmailAlphabet remains one of our top picks, says Evercore ISI's Mark MahaneyMark Mahaney, Evercore ISI head of internet research, joins 'Squawk Box' to break down Alphabet's quarterly earnings results, impact of generative AI, and more.

Persons: Evercore, Mark Mahaney Mark Mahaney

☆ Concerns about unsold homes and price drops are unwarranted, says Evercore ISI's Stephen Kim
▼ + 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 EmailConcerns about unsold homes and price drops are unwarranted, says Evercore ISI's Stephen KimStephen Kim, homebuilders analyst at Evercore ISI, joins CNBC's 'The Exchange' to discuss the housing market.

Persons: Evercore ISI's Stephen Kim Stephen Kim Organizations: Evercore ISI

☆ Harris seems to be more of a friend to Big Tech than Biden and Trump, says Evercore ISI's Mark Mahaney
▼ + stars: | 2024-07-22 | 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 EmailHarris seems to be more of a friend to Big Tech than Biden and Trump, says Evercore ISI's Mark MahaneyMark Mahaney, Evercore ISI, joins 'Closing Bell Overtime' to talk what to expect from Alphabet earnings tomorrow.

Persons: Harris, Trump, Evercore, Mark Mahaney Mark Mahaney Organizations: Big Tech, Biden, ISI

☆ VP Kamala Harris would be wise to come out with a couple of differentiating issues: Sarah Bianchi
▼ + stars: | 2024-07-22 | 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 EmailVP Kamala Harris would be wise to come out with a couple of differentiating issues: Sarah BianchiSarah Bianchi, Evercore ISI chief strategist of international political affairs and public policy, joins 'Squawk Box' to discuss the state of the 2024 race, key policy and economic issues on the campaign trail, and more.

Persons: Kamala Harris, Sarah Bianchi Sarah Bianchi, Evercore

☆ Evercore's Levine on global IT outage: This event clearly proves that cyber needs to be diversified
▼ + stars: | 2024-07-19 | 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 EmailEvercore's Levine on global IT outage: This event clearly proves that cyber needs to be diversifiedPeter Levine, Evercore ISI enterprise software analyst, and BlackCloak CEO Chris Pierson join 'Power Lunch' to discuss CrowdStrike's global tech outage, what this event means for the global business, and more.

Persons: Evercore's Levine, Peter Levine, Chris Pierson

☆ 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

☆ Stock futures are little changed as Wall Street looks to shake off Thursday's market slide
▼ + stars: | 2024-07-18 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Stock futures were quiet on Thursday evening as Wall Street looked to stabilize after a slide for equities. S&P 500 futures ticked up 0.2%, while Nasdaq 100 futures added 0.3%. The S&P 500 and Nasdaq Composite fell 0.78% and 0.70%, respectively. The S&P 500 and Nasdaq Composite are down 1.26% and 2.87%, respectively, heading into Friday. That divergence has been encouraging to some Wall Street pros who had worried that the market rally was becoming too dependent on a handful of massive tech stocks.

Persons: Dow, Julian Emanuel, we've, we're, Donald Trump, Joe Biden Organizations: Dow Jones, Nasdaq, Investors, Express, Travelers, Comerica, Fifth, Republican National Convention

☆ Netflix shares slip despite major beat on Q2 subscribers
▼ + stars: | 2024-07-18 | 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 EmailNetflix shares slip despite major beat on Q2 subscribersPaul Hickey, Bespoke Investment Group co-founder, and Mark Mahaney, Evercore ISI head of internet research, joins 'Closing Bell Overtime' to talk Netflix Q2 earnings.

Persons: Paul Hickey, Mark Mahaney Organizations: Netflix, Investment Group

☆ Netflix reports earnings after the bell. Here's what Wall Street is watching
▼ + stars: | 2024-07-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Netflix reports after the bell Thursday, ushering in the start of earnings season for Wall Street's biggest media and technology giants. Analysts expect the streaming behemoth to post earnings of $4.74 per share on about $9.53 billion in revenue, according to analysts polled by LSEG. The analyst regards upside to subscriber additions, commentary surrounding margin expansion and a reacceleration in revenue as key for investors. Jefferies analyst James Heaney expects these programs and a strong content slate position Netflix well for a second-quarter subscriber beat. Netflix has made strides within advertising, disclosing in May that there were 40 million active monthly users in the tier.

Persons: Goldman Sachs, Eric Sheridan, Morgan Stanley's Benjamin Swinburne, Jefferies, James Heaney, JPMorgan's Doug Anmuth, Morgan Stanley's Swinburne, Evercore ISI's Mark Mahaney, Jessica Ehrlich, Jason Bazinet, Piper Sandler's Matt Farrell, Farrell Organizations: Netflix, Wall Street's, LSEG, Bank of America

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