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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
On Friday, the Russian central bank warned — yet again — of an overheating economy when it hiked rates from 16% to 18% in an attempt to rein in price gains. This suggests that overheating in the economy has remained considerable," said Elvira Nabiullina, Russia's central bank governor, on Friday during her rate hike announcement. Russians are traveling and spending on culture and hotelsThe rate hike from Russia's central bank comes amid a spending boom in the country where many appear to be spending very freely, even amid the war and Western sanctions, as the Financial Times reported on Friday. Russia's central bank may hike rates again if necessaryNabiullina said on Friday that Russia's GDP will grow 3.5% to 4% this year from a year ago. The central bank next meets on September 13.
Persons: , Elvira Nabiullina, they're, Sergei Ishkov, Sawicki, Nabiullina, it's Organizations: Service, Business, Financial Times, Labour Locations: Russia, Russian, Russia's, Ukraine, Moscow, stoke
Investors seeking solid dividend payers can rely on top-ranked Wall Street analysts, who make recommendations after thoroughly analyzing a company's ability to generate solid financials and deliver strong returns. Here are three attractive dividend stocks, according to Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. WES offers a high dividend yield of 8.8%. Hanold expects Q2 2024 shareholder returns to comprise a fixed dividend of 90 cents a share and a variable dividend of $1.25 per share, with no stock buybacks. KO offers a dividend yield of about 2.9%.
Persons: Wall, WES, Gabriel Moreen, Moreen, TipRanks, FANG, Scott Hanold, KO, Nik Modi, Modi Organizations: Wall Street, Western, Western Midstream Partners, Mizuho, MLP, Diamondback Energy, Endeavor Energy, RBC Capital, Diamondback, Cola Locations: Texas , New Mexico , Colorado , Utah, Wyoming, West Texas, Philippines, India
Apple fell out of the top five smartphone shippers in China in Q2, The Wall Street Journal reported. Competitors like Vivo, Huawei, and Xiaomi are seeing increased shipments and demand, reports said. Apple's market share by sales dropped to 15.5%, with Greater China revenue down 8%. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . According to reports from Canalys and International Data Corp viewed by The Wall Street Journal, the iPhone maker fell out of the top five smartphone shippers in China during its second quarter.
Persons: Apple, Organizations: Street Journal, Huawei, Service, Apple, Canalys, International Data Corp, Wall Street Journal, Counterpoint Research, Business Locations: China
The Nasdaq-100 has seen significant profit taking as many investors have trimmed their exposure to the Mag 7. Volatility and carnage in the Nasdaq should persist causing more sellers to sell tech stocks. Here is an options strategy to profit on this additional plunge in Tech. However, the move ran out of gas into the closing bell, and the QQQ finished back in the red. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: Russell, Tesla Organizations: Nasdaq, Nvidia, Meta, Dow, CNBC, NBC UNIVERSAL Locations: Tech
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUniversal Health Services CEO on earnings, the 2024 election, and the labor marketMarc D. Miller, President and CEO of Universal Health Services, discusses Q2 earnings and the overall health care sector.
Persons: Marc D, Miller Organizations: Universal Health, Universal Health Services
Hyundai Motor reported record quarterly profit and revenue on Thursday on strong sales of high-margin cars and said it would expand hybrid lineups to brace for possible changes in U.S. electric vehicle policies following the election. But Hyundai also warned of an uncertain outlook due to intensifying price competition as inflation and high interest rates squeeze consumers. Hyundai reported a net profit of 4 trillion won ($2.9 billion) for the April-June period, up 23% from a year earlier and easily beating the 3.4 trillion won average of 21 analyst estimates compiled by LSEG SmartEstimate. The net profit was its highest quarterly since the previous record high set in the Q2 2022. Domestic vehicle sales in South Korea, Hyundai's second-biggest market, slumped 10% in the second quarter, extending from a 16% drop in the previous quarter, as consumers continue to grapple with surging inflation and a weak economy.
Persons: LSEG SmartEstimate, Hyundai's Organizations: Hyundai, New York, Hyundai Motor, Ford, Nissan, Tesla, Kia Corp Locations: U.S, South Korea
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDexcom stock plummeting is an 'opportunity to add to positions', says Wolfe Research's Mike PolarkMike Polark, Wolfe Research, joins 'Closing Bell Overtime' to talk Dexcom shares plummeting on Q2 results and how to play the stock.
Persons: Wolfe, Mike Polark Mike Polark Organizations: Wolfe Research
On Friday, the tech-heavy S & P 500 and Nasdaq Composite ended the week with losses, down 0.8% and 2.1%, respectively. However, the bulk of Magnificent Seven results is set for release in the week ahead. As it is, all seven of the Magnificent Seven companies closed out the week with losses. FOMC meeting, July jobs report Elsewhere, investors will also be reviewing the latest Federal Reserve interest rate decision set for release on Wednesday. Traders will also get insight into the labor market next week, with the release of the July jobs report on Friday.
Persons: Russell, Ryan Grabinski, John Belton, Tesla, Belton, FactSet, Stanley Black, Decker, Lam, Kraft Heinz, Ingersoll Rand Organizations: Nasdaq, Dow Jones Industrial, Microsoft, Facebook, Apple, Nvidia, 2H, 3Q, Gabelli, Traders, Dallas Fed, Semiconductor, Nation Entertainment, Electronic Arts, Starbucks, Match Group, Caesars Entertainment, Corning, Howmet Aerospace, Procter, Gamble, Pfizer, Merck, Co, PayPal, ADP, Civilian Workers, Chicago PMI, MGM Resorts International, Allstate, Lam Research, eBay, Qualcomm, Western, Cruise Line Holdings, Hess, Boeing, Mobile, Marriott International, GE Healthcare Technologies, Generac Holdings, Mastercard, Labor, PMI, Manufacturing, Intel, Holdings, Motorola Solutions, Technology, Air Products, Chemicals, Jobs, Exxon Mobil, Chevron Locations: Chicago, Albemarle, Kellanova, Hershey, Moderna
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
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNasdaq CEO Adena Friedman on Q2 results: Really proud of the results for the quarterNasdaq CEO and chair Adena Friedman joins 'Squawk Box' to discuss the company's quarterly earnings results, AI implementation, IPO outlook, and more.
Persons: Adena Friedman Organizations: Nasdaq
Dow CEO Jim Fitterling talks Q2 results after missing on top and bottom linesDow Chairman and CEO Jim Fitterling joins 'Mad Money' host Jim Cramer to talk Q2 results after missing on top and bottom line.
Persons: Jim Fitterling, Jim Cramer Organizations: Dow
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailServiceNow CEO Bill McDermott on Q2 beat: This is the AI platform for business transformationServiceNow chairman and CEO Bill McDermott joins 'Squawk on the Street' to discuss the company's quarterly earnings results, the resignation of former COO and president CJ Desai, impact of AI, and more.
Persons: Bill McDermott, CJ Desai Organizations: Q2
Ford thinks bigger is not always better
  + stars: | 2024-07-25 | by ( Tom Carter | ) www.businessinsider.com   time to read: +3 min
CEO Jim Farley told investors in an earnings call on Wednesday that when it comes to EVs, bigger is not always better — and said that the company's future would depend on its ability to build smaller, cheaper electric vehicles. Advertisement"In ICE [Internal Combustion Engine], a business we've been in for 120 years, the bigger the vehicle, the higher the margin," Farley said. The company continues to lose money on its electric vehicle business amid an industry-wide slowdown in demand for EVs. Ford has quietly created a secretive "skunkworks" team, reportedly based in California, to build this new platform. "We have to start to get back in love with smaller vehicles.
Persons: , Tesla, Jim Farley, Farley, Ford Organizations: Service, EV, Business, Detroit, Tesla, Ford, Aspen Ideas Locations: California
Many U.S. EV owners, in particular, are having second thoughts. EV adoption has slowed in the U.S., even as the recent earnings and delivery reports from both GM and Ford showed sizable increases in EV sales. Ford said EV sales were up 60%, to nearly 24,000 units, but CEO Jim Farley described a "more realistic and sharpened" EV plan during its earnings call. Drury said that some distinctions are becoming clear between all EV owners and those who are most satisfied. As battery range and density increase, and EV charging infrastructure improves, and prices continue down, Brauer said the picture should brighten for EV sales.
Persons: Scott Olson, Ford, Jim Farley, Tesla, Mary Barra, Edmunds, EVs, Ivan Drury, it's, I'm, Drury, Karl Brauer, they're, Brauer, Barra Organizations: Getty, McKinsey, U.S, EV, GM, Ford, Gallup, CNBC, ICE Locations: Chicago , Illinois, ICEs, Australia, Brazil, China, Germany, Norway, France, Italy, South Korea, U.S, , California
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerican Airlines CEO Robert Isom: Not pleased with the Q2 resultsCNBC’s Phil LeBeau and American Airlines CEO Robert Isom join 'Squawk Box' to discuss the airline's quarterly earnings results, impact of CrowdStrike outage, corporate travel demand, supply chain challenges, and more.
Persons: Robert Isom, Phil LeBeau Organizations: American, American Airlines
Southwest CEO Bob Jordan: Not happy with our results in Q2
  + stars: | 2024-07-25 | 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 EmailSouthwest CEO Bob Jordan: Not happy with our results in Q2CNBC’s Phil LeBeau and Southwest CEO Bob Jordan join 'Squawk on the Street' to discuss the airline's quarterly earnings results, the company's decision to end open seating, FAA's safety audit into the airline, impact of CrowdStrike's IT outage, and more.
Persons: Bob Jordan, Phil LeBeau Organizations: Southwest
Royal Caribbean shares fall despite Q2 beat
  + stars: | 2024-07-25 | 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 EmailRoyal Caribbean shares fall despite Q2 beatCNBC's Seema Mody reports on the latest from Royal Caribbean.
Persons: CNBC's Seema Mody Organizations: Royal Caribbean, Royal Locations: Royal Caribbean
Tri Pointe Homes CEO on Q2 earnings
  + stars: | 2024-07-25 | 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 EmailTri Pointe Homes CEO on Q2 earningsDoug Bauer, Tri Pointe Homes CEO, joins 'Money Movers' to discuss whether the housing sector is making a turn, where land inflation is going, and the best state for home construction regulation.
Persons: Doug Bauer Organizations: Pointe Homes, Tri Pointe Homes
CEA Chair Jared Bernstein on Q2 GDP
  + stars: | 2024-07-25 | 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 EmailCEA Chair Jared Bernstein on Q2 GDPJared Bernstein, President Biden's Council of Economic Advisers chair, joins 'Money Movers' to discuss the his thoughts on the gross domestic product report, whether the inventories contribution takes the shine off the report, and much more.
Persons: Jared Bernstein Organizations: Biden's, Economic Advisers
Job seekers are sour on the cooling labor market
  + stars: | 2024-07-24 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +1 min
Nitat Termmee | Moment | Getty ImagesWorkers are souring on the state of the job market. Workers had reason for euphoria two to three years ago: The job market was red-hot and, by many metrics, historically strong. However, the labor market has slowed gradually. Workers are now having a harder time finding jobs and the labor market, while still solid, could be in trouble if it continues to cool, economists said. While that rate is "consistent with a strong labor market," its steady rise is the "troubling factor," Nick Bunker, economic research director for North America at the Indeed Hiring Lab, wrote in early July.
Persons: Nitat, Nick Bunker, Bunker Organizations: Getty Images Workers, Workers, U.S . Federal Reserve, North America
Consumer need for speed in package delivery, which has reached its apex with same-day shipping, has placed retailers in a tough spot when it comes to managing transportation costs. Retail executives surveyed say as more — especially younger — consumers demand same-day delivery, the financial payoff isn't there. Roughly three-quarters (76%) of retail executives surveyed by AlixPartners said delivery cost on a per-package basis has increased since last year, and three out of four said home delivery does not add to profitability. 1 priority for last-mile delivery. To save on delivery costs, retailers are moving away from reliance on single carriers in last-mile delivery.
Persons: AlixPartners, Marc Iampieri, Iampieri Organizations: UPS, FedEx, Retail, Carriers, Teamsters Locations: Manhattan, New York City
AMC Entertainment on Wednesday warned investors of declines in key metrics during the second quarter, sending its shares down more than 7%. It also said it expects to post a net loss of $32.8 million compared with a profit of $8.6 million in the second quarter of 2023. "This explains the weakness in our preliminary Q2 2024 results, as contrasted with the same quarter of a year ago." "But if looking only at the full quarter, the lay observer might easily miss the incredibly good news that transpired within the second quarter," Aron said. "This in turn suggests that AMC should enjoy increasing adjusted EBITDA, if as and when overall industry revenues are climbing.
Persons: Adam Aron, Aron, Hunter Organizations: AMC, AMC Entertainment, Disney, Comcast, CNBC Locations: New York, moviegoing, NBCUniversal
US stocks tumbled on Wednesday as traders digested weak tech earnings. Tesla missed on earnings last quarter, while Alphabet said YouTube ad revenue fell short. AdvertisementUS stocks continued their slide on Wednesday, led by a decline in tech stocks after Alphabet and Tesla reported earnings for the second quarter. Investors mulled a disappointing round of earnings reports on Tuesday, with Tesla missing earnings estimates and Alphabet reporting that its YouTube ad revenue fell short the last quarter. Investors are eyeing a slew of coming high-profile earnings, with Meta, Apple, and Amazon on deck to report their financials next week.
Persons: Tesla, , David Morrison, Will today's Organizations: Service, YouTube, Elon, Trade, Meta, Apple, Here's
Oakmark's Bill Nygren on Alphabet's Q2 earnings
  + 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 EmailOakmark's Bill Nygren on Alphabet's Q2 earningsBill Nygren, Oakmark portfolio manager, joins 'Squawk on the Street' to discuss Alphabet Q2 earnings results.
Persons: Bill Nygren
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