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☆ Stocks making the biggest moves premarket: Oracle, Urban Outfitters, Apple & more
▼ + stars: | 2023-06-13 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A sign is posted in front of Oracle headquarters on December 09, 2021 in Redwood Shores, California. Meanwhile, CEO Safra Catz said she expects adjusted earnings in the fiscal first-quarter of $1.12 to $1.16 per share. Urban Outfitters — Shares rose 3.4% following an upgrade to overweight from equal weight by Morgan Stanley. Apple — Apple declined 0.7% in the premarket after UBS downgraded the stock to neutral from buy late Monday. Home Depot is also slated to hold an investor day at 9 a.m.Ulta Beauty — The beauty stock rose 0.8% after Loop Capital upgraded Ulta Beauty to buy from hold.

Persons: Safra Catz, Refinitiv, Morgan Stanley, Apple —, Bunge, —, Brian Evans, Alex Harring, Hakyung Kim, Jesse Pound Organizations: Oracle, —, Apple, Apple — Apple, UBS, JPMorgan, Bunge, Target Locations: Redwood Shores , California, Rotterdam, Netherlands

☆ Loop Capital upgrades Ulta Beauty, calls luxury brand expansion a multiyear driver for sales growth
▼ + stars: | 2023-06-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

A bet on luxury should pay off for Ulta Beauty over the long haul, according to Loop Capital. Analyst Anthony Chukumba upgraded the beauty stock to buy from hold, highlighting its push into the luxury market and Target shop experiences. ULTA YTD mountain Ulta Beauty shares in 2023 "We believe the nascent luxury brand expansion represents a multi-year comparable sales growth driver," by luring new customer and encouraging others to trade up, he said. "We also think the continued rollout of Ulta Beauty at Target shop-in-shops will drive incremental income as well as Ultamate Rewards memberships." Chukumba called Ulta's shop-in-shops experience an attractive economic move given that Target fronts the build outs and purchasing inventory, while the beauty company collects sales-based commission.

Persons: Anthony Chukumba, Chukumba, — CNBC's Michael Bloom Organizations: Ulta Beauty, Capital

☆ As interest rates stay higher for longer, these home improvement stocks can navigate consumer trends
▼ + stars: | 2023-06-09 | by ( Alex Harring | ) www.cnbc.com time to read: +10 min

Investors are hoping that next week's Federal Reserve meeting offers more clarity about the path interest rates could take. Rising interest rates squeeze consumers, while a cut to follow should help boost economic activity. These pricey purchases are often financed, and higher rates mean higher costs. "Even if the sticker price of the thing doesn't change, the interest rate still matters a lot for their monthly budget." The "brakes were hit very hard in 2022," largely due to higher rates on the new-home construction side, he said.

Persons: Christopher Herrington, Herrington, Kurt Yinger, It's, James Hardie, Yinger, There's, Rafe Jadrosich, Jadrosich, Seth Sigman, Bank of America's Curtis Nagle, Nagle, Loop's Anthony Chukumba, Garik Shmois, Shmois, Leslie's, Julien Dumoulin, Smith, SunRun, Corinne Blanchard, Citi's Pierre Lau, SolarEdge, Lau, John Bailer, Michael Bloom Organizations: Virginia Commonwealth University, Davidson, Companies, Bank of America, Fortune Brands, UFP Industries, Barclays, Bank of America's, Williams, Pool Corp, of America, FTC, Deutsche Bank, Shoals Technologies, Caterpillar, Cummins, Newton Investment Management Locations: Louisiana, Wall, Sonoma, California

☆ Inflation is lower for blue-collar workers than white-collar, says Loop Capital's Anthony Chukumba
▼ + stars: | 2023-06-01 | 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 EmailInflation is lower for blue-collar workers than white-collar, says Loop Capital's Anthony ChukumbaAnthony Chukumba, managing director at Loop Capital Markets, joins 'The Exchange' to discuss the sell-off in Dollar General, consumer spending patterns shifting, and the need for a Fed pivot.

Persons: Anthony Chukumba Anthony Chukumba Organizations: Loop, Dollar

☆ Paramount pops after Buffett's favorite banker makes 'interesting' bet in media giant's key shareholder
▼ + stars: | 2023-05-26 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

National Amusements, Paramount's majority voting shareholder, announced Thursday afternoon that it has entered into an agreement for a $125 million preferred equity investment from BDT Capital Partners, an affiliate of BDT & MSD Partners. Paramount Global shares jumped nearly 6% on Friday after an investor known as Warren Buffett's favorite banker piled into the media company's controlling shareholder. BDT & MSD Partners' chairman and co-CEO is Byron Trott, who has long been known as Buffett's preferred and trusted banker. "It's not good news when any company passes its dividend, or cuts its dividend dramatically," Buffett said. Upgrade from LoopLoop Capital on Friday upgraded Paramount to a hold rating from a sell in light of the BDT investment.

☆ Stocks making the biggest moves midday: Ford, Marvell Technology, Paramount, Gap and more
▼ + stars: | 2023-05-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Tesla 's stock gained 4.72%. Marvell Technology — The semiconductor stock soared 32.42% after the company's earnings beat analyst expectations. Despite reporting an earnings and revenue beat, shares fell on the company's reduced operating margin outlook for the full year. Paramount — Shares of the media company gained 5.89% after National Amusements, Paramount's majority voting shareholder, announced a $125 million preferred equity investment by BDT Capital Partners. Workday also raised the low end of its full-year subscription revenue guidance and named a new chief financial officer, Zane Rowe.

SummarySummary Companies U.S. debt limit talks to kick off at 5:30 p.m. President Joe Biden and House Republican Speaker Kevin McCarthy will meet for talks on Monday after their discussions almost fell apart on Friday. The fresh talks come less than two weeks before a deadline after which the Treasury warned that the federal government will struggle to pay its debts. Reuters Graphics Reuters GraphicsAdvancing issues outnumbered decliners by a 1.71-to-1 ratio on the NYSE and by a 1.78-to-1 ratio on the Nasdaq. The S&P index recorded 13 new 52-week highs and three new lows, while the Nasdaq recorded 46 new highs and 35 new lows.

☆ Apple downgraded at Loop Capital, sees iPhone maker missing revenue forecast this quarter
▼ + stars: | 2023-05-22 | by ( John Melloy | ) www.cnbc.com time to read: +1 min

Shares of Apple were downgraded on Monday by Loop Capital, which predicted the iPhone maker would fall short of its June quarterly revenue guidance, citing proprietary shipments estimates from the research firm. Loop downgraded Apple to hold from buy and kept its price target at $180. Apple shares closed Friday at $175.16, up 35% for the year as investors huddled into the stock and other tech plays with a recession looming. "While we believe AAPL's Sep Q & Dec Q shipment outlook remains intact, we also believe the risk has increased it could eventually be lowered," stated the Loop note. Apple shares fell about 1% in premarket trading.

☆ Watch CNBC's 'Halftime' traders discuss Loop Capital's rare Apple downgrade
▼ + stars: | 2023-05-22 | 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 EmailWatch CNBC's 'Halftime' traders discuss Loop Capital's rare Apple downgradeJoe Terranova, Liz Young, Jason Snipe, Steve Weiss join 'Halftime Report' to discuss mega cap momentum, changing trends in consumer discretionary spending, and the Apple downgrade from Loop Capital.

☆ Stock market not showing durability outside of mega cap names, says SoFi's Liz Young
▼ + stars: | 2023-05-22 | 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 EmailStock market not showing durability outside of mega cap names, says SoFi's Liz YoungJoe Terranova, Liz Young, Jason Snipe, Steve Weiss join 'Halftime Report' to discuss mega cap momentum, changing trends in consumer discretionary spending, and the Apple downgrade from Loop Capital.

☆ Stocks making the biggest premarket moves: Apple, Meta, Micron, PacWest and more
▼ + stars: | 2023-05-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading:Apple — Shares of the iPhone maker fell about 1% premarket after Loop Capital downgraded Apple's stock to hold from buy. Nike , Foot Locker — Shares of Nike and Foot Locker declined 1.5% and 2.4%, respectively, in premarket trading. Foot Locker missed on the top and bottom lines in its first fiscal quarter, and lowered its guidance. UBS upgraded shares to a buy from neutral rating, saying that expansion into new markets should fuel growth. Norfolk Southern , CSX — Shares of the railroads added 1.8% and 1.5%, respectively, in premarket trading.

☆ Stocks making the biggest moves midday: PacWest, DraftKings, Pfizer, Foot Locker and more
▼ + stars: | 2023-05-22 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading. DraftKings — Shares of the sports gambling platform soared 8% in midday trading. Earlier on Monday, UBS upgraded the stock to buy from neutral on strong growth in new states. Zions Bancorporation — The bank stock jumped 6.7% after Hovde Group initiated coverage of Zions at outperform, with a $40 price target, according to FactSet. Norfolk Southern — Norfolk Southern gained less than 1% during midday trading.

☆ Apple caught on a downgrade based on supply-chain projections. Here's our take
▼ + stars: | 2023-05-22 | by ( Christopher Alessi | In | ) 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. Stick with Apple Loop Capital on Monday downgraded Club holding Apple (AAPL) to hold from buy, citing "material downside risk" to the iPhone maker's June quarter revenue. 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.

☆ Dow, S&P edge up as data, debt ceiling curb gains
▼ + stars: | 2023-05-15 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

The Dow Jones Industrial Average (.DJI) rose 47.98 points, or 0.14%, to 33,348.6, the S&P 500 (.SPX) gained 12.2 points, or 0.30%, to 4,136.28 and the Nasdaq Composite (.IXIC) added 80.47 points, or 0.66%, to 12,365.21. Meta Platforms Inc (META.O) climbed 2.16% as one of the top boosts to both the Nasdaq and S&P 500 after Loop Capital upgraded it to "buy" from "hold." Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 11, 2023. REUTERS/Brendan McDermidIn a relatively light week for economic data, investors will focus on retail sales, weekly jobless claims and housing data. The S&P 500 posted nine new 52-week highs and seven new lows; the Nasdaq Composite recorded 59 new highs and 136 new lows.

Atlanta Fed President Raphael Bostic said on Monday he does not expect any interest-rate cuts this year, while Minneapolis Fed President Neel Kashkari said inflation is "much much too high" despite the rate hikes. Investors now await comments from Fed Chair Jerome Powell on Friday for any clues on potential rate cuts this year. Shares of Magellan jumped 13.7%. Advancing issues outnumbered decliners by a 2.14-to-1 ratio on the NYSE and by a 1.92-to-1 ratio on the Nasdaq. The S&P index recorded six new 52-week highs and seven new lows, while the Nasdaq recorded 44 new highs and 110 new lows.

"And as Washington leaks out increments with rolling disclosure about how the discussions are proceeding ... that probably is bolstering confidence in investors." ET, Dow e-minis were up 51 points, or 0.15%, S&P 500 e-minis were up 7.5 points, or 0.18%, and Nasdaq 100 e-minis were up 20.75 points, or 0.15%. Atlanta Fed President Raphael Bostic said on Monday he does not expect any interest-rate cuts this year as he does not see inflation going down as fast as market participants believe. Chicago Fed President Austan Goolsbee, Minneapolis Fed President Neel Kashkari and Fed Board Governor Lisa Cook are among other Fed officials set to speak later in the day. Reporting by Shreyashi Sanyal in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

Loop Capital sees "a much brighter revenue picture" ahead for Meta . The firm upgraded Meta shares to buy from hold in a Monday note. It said that, while expense rationalization was likely more of a "one-time driver," it is bullish on the overall revenue outlook for the tech company. Sanderson set his price target to $320, which implies shares rallying 36.7% from Friday's close. He noted that Meta's Reels is now growing faster in the short-form video category than rival TikTok.

While Alphabet has had a strong 2023, Loop Capital thinks the proliferation of artificial intelligence could hinder the stock going forward. Loop downgraded Alphabet to hold from buy. We disagree however with management's characterization that AI proliferation is similar [to] the transition to mobile. Loop found that following Meta, Alphabet has the highest total GAAP expenses per employee among the big four tech names including Microsoft and Apple. "We think long-term structural uncertainties surrounding the AI transition will keep investors nervous as the landscape evolves and put a ceiling on valuation," said the analyst.

☆ Meta's next growth leg is revenue but it's not reflected in stock price, says Loop's Rob Sanderson
▼ + stars: | 2023-05-15 | 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 EmailMeta's next growth leg is revenue but it's not reflected in stock price, says Loop's Rob SandersonRob Sanderson, Loop Capital managing director, joins 'Squawk on the Street' to discuss Sanderson's thoughts on the mega-cap tech companies, if Loop's Meta upgrade is too late, and the social media companies that could make a stand in the A.I.

☆ This under-the-radar server tech stock will rally on ‘this AI moment,' Loop Capital says
▼ + stars: | 2023-05-03 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

It's time to buy Super Micro Computer after its latest earnings results on the strength of its artificial intelligence outlook, according to Loop. Analyst Ananda Baruah hiked his price target to $150 from $100. The new price target implies shares can jump 43% from Tuesday's closing price of $104.43. The price target hike comes after Super Micro Computer reported results from its latest quarter. Super Micro Computer forecasts per-share adjusted earnings between $2.21 and $2.71 in its fourth quarter, greater than the $1.76 consensus estimate from FactSet.

Mohawk Industries — Shares of the flooring manufacturer gained 5% after Loop Capital upgraded the company to buy from its previous hold rating. WisdomTree — Shares of the financial firm gained 3% after the company said it had $1.9 billion of net flows in March. New York Community Bancorp — Shares of the regional bank gained 2.7% after Jefferies upgraded the stock to buy from hold. LendingClub — The lending stock gained 5% after JPMorgan initiated coverage of the stock at overweight. Murphy Oil — The natural gas company's shares gained 2.6% after Truist upgraded shares to buy from hold.

☆ Stocks making the biggest moves midday: Costco, Bed Bath & Beyond, AMC, FedEx and more
▼ + stars: | 2023-04-06 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Costco — The wholesale retailer's shares dropped 2% after the company announced sales dipped 1.1% year over year in March. Bed Bath & Beyond — The stock tumbled 7% after the retailer proposed a stock split as it attempts to avoid bankruptcy. Analysts covering the stock welcomed the news, with Raymond James upgrading shares to outperform from market perform Thursday morning. Leslie's , Pool — Shares of pool company Leslie's popped 5.4%, while Pool gained 1%, after both names were upgraded by Loop Capital to buy from hold. Craig-Hallum downgraded the stock to hold from buy and Rosenblatt pulled its rating to neutral from buy following the guidance cut.

☆ Jim Cramer's top 10 things to watch in the stock market Tuesday: ServiceNow bump, Dimon speaks, DHR cut
▼ + stars: | 2023-04-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

Baird upgrades software stock ServiceNow (NOW) to buy from hold, with a price target of $548, up from $475. Raises price target to $140 from $135. Barclays turns on life science tools and diagnostics sector, drops price target for Club favorite Danaher (DHR) to $270 from $290 and expects a "relatively light" first-quarter guide. Norfolk Southern (NSC) upgraded to hold from sell at Morgan Stanley with unchanged price target of $171. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Etsy — The e-commerce company's shares rose 3.9% after Piper Sandler upgraded them to overweight from neutral. Virgin Orbit — The satellite launch company sank 14% in the premarket after filing for Chapter 11 bankruptcy protection. Tesla — Shares of the electric vehicle maker ticked up nearly 1% in premarket trading. Tesla stock declined 6.1% a day earlier, with investors seemingly responding to the company's vehicle delivery report from the weekend. The media company's shares have jumped 7.8% year to date.

☆ Buy shares of this off-price retailer helping its customers fight inflation, Loop Capital says
▼ + stars: | 2023-04-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

As macroeconomic uncertainties linger, Loop Capital says investors should consider adding this inflation-fighting retail stock to their portfolios. "We think persistent inflation is tough for Burlington's customers, and the improved values and brands in stores are likely to drive market share gains for the company," she wrote. BURL YTD mountain Burlington shares so far in 2023 So far this year, shares of Burlington Stores have gained 2%. But now, the tides have shifted, with Champine noting particularly strong inventory improvements among ladies apparel and premium brands. "Our March/April checks see mid-tier brands back in stock, robust inventory, and notably better values," she wrote.

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