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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOppenheimer's best small and mid-cap stock ideas to play the market broadeningJed Kelly, Managing Director of Equity Research at Oppenheimer, discusses his bull thesis for Genius Sports.
Persons: Jed Kelly Organizations: Equity Research, Oppenheimer, Genius Sports
As for a name for this latest prospective double feature, perhaps presciently, “Gladiator II” star Paul Mescal thought “Glicked” (pronounced glick-id) was the most suitable portmanteau back in July. The critical and commercial track records for the directors behind “Gladiator II” and “Wicked” are less consistent, Nunan said, which could make a difference in the cultural and box-office impact they have. Universal PicturesDirectors aside, as with “Barbie” and “Oppenheimer” before them, “Gladiator II” and “Wicked” both have star power in spades. It's a battle of the internet boyfriends in "Gladiator II." Some magic just can’t be replicated, though “Gladiator II” and “Wicked” do seem poised to drum up the same must-see prestige as the films that dominated the summer of 2023.
Persons: Oscar, , Paul Mescal, “ Glicked, glick, , Tom Nunan, ” Nunan, , Barbie ”, “ Oppenheimer ”, “ Glicked ”, Matt Neglia, Garfuriosa, Barbie, Oppenheimer, Chris Pizzello, Nunan, Margot Robbie, Ryan Gosling rollerblading, “ Oppenheimer, Christopher Nolan, , it’s, Gladiator ”, Barbie ’, ‘ Oppenheimer, “ Barbie ”, Barbenheimer ’, Greta Gerwig helming, Nolan, Ridley Scott, “ Thelma, Louise, haven’t “, Napoleon ”, Gucci ”, Jon M, Chu, Crazy Rich, ‘ Glicked, Ariana Grande, Pedro Pascal, Joseph Quinn, Mescal, Pascal, HBO’s “, Quinn, Denzel Washington, Galinda, Cynthia Erivo’s, Grande hasn’t, she’s, Ryan Gosling, Emily Blunt, Guy ”, It's, Aidan Monaghan, Blunt, Matt Damon, Robert Downey , Jr, he’s, Matt, Emily, Robert Organizations: CNN, Entertainment, UCLA’s School of Theater, Eye Entertainment, Warner Bros, Discovery, Columbia, Broadway, Mattel, Crazy, Universal Pictures, New York Times, Paramount Locations: Venice,
With the second half of the year underway, Oppenheimer is highlighting what it calls its top small- and midcap seasonal standout investment ideas. On the basis of price charts alone, Oppenheimer tapped midcap growth stocks as its top rotation idea from a technical perspective. Oppenheimer has a $20 price target on Zeta, implying 18% upside from Tuesday's close. In a note last month, RBC Capital Markets also rated Zeta outperform with a price target of $20. In this area, Oppenheimer likes Viking Therapeutics , reiterating the stock as one of its best ideas.
Persons: Oppenheimer, Russell, Brian Schwartz, Zeta, Novo Nordisk's Wegovy, Eli Lilly's Zepbound, Jay Olson, Freshpet Organizations: Oppenheimer, Zeta Global Holdings, Zeta, RBC Capital Markets, Novo Nordisk's, Viking Therapeutics, Therapeutics Locations: Zeta, Novo
Oppenheimer raised its year-end S&P 500 target to 5,900, the second-highest target on Wall Street. The shift makes the firm the second-most bullish on Wall Street. "Just like before, it's a matter of the fundamentals, where they stand right now," John Stoltzfus, Oppenheimer's chief investment strategist, told CNBC. A handful of tech stocks have been doing the heavy lifting for the benchmark index, giving investors pause about how sustainable the current rally is. Correction: July 9, 2024 — An earlier version of this story misstated the date from which Oppenheimer's target indicates 6% upside.
Persons: Oppenheimer, John Stoltzfus, , Stoltzfus, It's, Goldman Sachs, Marko Kolanovic — Organizations: Service, CNBC, Security, Federal Reserve, UBS, JPMorgan . Locations: Monday's
The most bullish year-end target for the S&P 500 was 5,100, which represented solid upside of about 7% from where it ended the year. Those predictions look paltry in hindsight, as the S&P 500 finished the first half of the year up 14.5% at 5,460. Bulls are getting bolder, but risks remainIn response, several major firms have boosted their year-end S&P 500 targets in recent months. AdvertisementGoldman Sachs recently shared earnings growth projections for the 100 biggest stocks in the S&P 500, both for this year and next. Below are those 14 large-cap stocks expected to grow earnings by at least 25% next year, along with each one's ticker, market capitalization, and 2024 and 2025 earnings growth estimates.
Persons: , Goldman Sachs, Morgan Stanley, Oppenheimer's John Stoltzfus, David Kostin, Kostin Organizations: Service, Business, Bulls, BMO Capital Markets, Deutsche Bank, Apple, Meta, Microsoft, Nvidia —
Oppenheimer raises S&P 500 target to 5,900
  + stars: | 2024-07-08 | 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 EmailOppenheimer raises S&P 500 target to 5,900John Stoltzfus, Oppenheimer Asset Management chief investment strategist, joins 'Money Movers' to discuss his new target for the S&P 500, what could start to show up in Q2 regarding Oppenheimer's target hike, and much more.
Persons: Oppenheimer, John Stoltzfus Organizations: Oppenheimer Asset Management
Here are Monday's biggest calls on Wall Street: UBS reiterates Nvidia as buy UBS raised its price target on Nvidia to $150 per share from $120. Stifel upgrades Ecolab to buy from hold Stifel said it's bullish on shares of the food safety company. KBW upgrades Charles Schwab to outperform from market perform KBW said it's getting bullish on shares of Charles Schwab. Wells Fargo reiterates Meta as overweight Wells raised its price target on Meta to $625 per share from $593. Wells Fargo reiterates Roblox as overweight Wells raised its price target on the stock to $43 per share from $41 ahead of earnings on August 1.
Persons: Stifel, it's, Morgan Stanley, Charles Schwab, KBW, Guggenheim, ServiceNow, Wells, Riley, Emerson, Redburn, Wolfe, JPM, Raymond James, Gilead, Bumble, TD Cowen, Oppenheimer, Jefferies, Baird, Wedbush, RBLX Organizations: UBS, Nvidia, Taiwan Semiconductor, Meta, PNC, Bank of America, underperform Bank of America, Medicines, NSC, Apple, JPMorgan, Disney Locations: 2H24, Columbia, Norfolk, Asia
Chief investment strategist John Stoltzfus raised his year-end S & P 500 target to 5,900 from 5,500. This change could benefit the 11 S & P 500 sectors as this "innovation cycle" shows signs of being both "cyclical and secular coupled with cross generational demographic needs." .SPX YTD mountain S & P 500, YTD The lion's share of this year's gains — the S & P 500 is up more than 16% in that time — has been driven by AI. The strategist's initial 2024 target was 5,200. The highest current S & P 500 target belongs to Evercore ISI at 6,000.
Persons: Oppenheimer, John Stoltzfus, It's, Stoltzfus, Organizations: CNBC, Market, Nvidia, Reserve Locations: Friday's
Universal moved the "Wicked" release date to the same day as "Gladiator 2." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementThere might be a new "Barbenheimer" in town, as two other highly anticipated blockbusters, "Wicked" and "Gladiator 2," are scheduled to premiere on the same day. This created a cultural moment, dubbed "Barbenheimer," that breathed life into a struggling industry as cinemagoers approached the films as a double bill.
Persons: Universal, , Oppenheimer, cinemagoers Organizations: Service
Chewy's outlook is still mixed, says Oppenheimer's Rupesh Parikh
  + stars: | 2024-07-01 | 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 EmailChewy's outlook is still mixed, says Oppenheimer's Rupesh ParikhRupesh Parikh, Oppenheimer, joins 'Closing Bell' to discuss Chewy's stock following a dog post by Roaring Kitty.
Persons: Oppenheimer's, Parikh, Oppenheimer, Roaring Kitty
CNBC Daily Open: U.S. seeks Boeing guilty plea
  + stars: | 2024-07-01 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. On Friday, the S&P 500 and Nasdaq hit record highs before pulling back. Boeing 'guilty plea'U.S. prosecutors plan to seek a guilty plea from Boeing over a charge related to two fatal 737 Max crashes in 2018 and 2019, attorneys for the victims' family members said. [PRO] Rally will broadenThe tech sector has driven market performance in 2024, with the S&P 500 tech group up 28% and Nvidia soaring 149%, while small-caps have lagged.
Persons: Max, John Donahoe, Morgan Stanley, Stifel, Gregory Greene, Mary Daly, CNBC's Andrew Ross Sorkin, John Stoltzfus, Lisa Kailai Han Organizations: Dow Jones, Nasdaq, CNBC, Hezbollah, Boeing, U.S, The Justice, DOJ, Nike, Federal Reserve, San Francisco Fed, Nvidia Locations: Israel, Iran, Gox, Japanese
It's simply a matter of time before the current bull rally broadens beyond technology stocks, according to John Stoltzfus, chief market strategist at Oppenheimer. The technology sector has dominated the market runup this year, with the S & P 500 tech group outpacing all others by soaring 28% in 2024. But as the Federal Reserve begins to eventually cut interest rates, Stoltzfus said in an interview with CNBC that the tide will turn. Stoltzfus' year-end S & P 500 target of 5,500 is higher than at least six other forecasts on Wall Street, according to the CNBC Pro Market Strategist Survey. Meanwhile, the market is also due to broaden as investors turn from high stock valuations and diversify thier holdings.
Persons: It's, John Stoltzfus, Oppenheimer, Russell, Stoltzfus Organizations: Nvidia, Federal, CNBC, CNBC Pro Market, Survey
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. People are still spending money, but there's an uncomfortable awareness that years of price hikes mean each dollar doesn't go as far as it used to. "This consumer remains very cautious, specifically when you think about larger ticket discretionary purchases," he told Oppenheimer analysts Wednesday. "Why have people who are having a hard time paying their rent have to pay more for our drink?"
Persons: , they're, Joseph Lewis, Marvin Ellison, Oppenheimer, John David Rainey, Federal Reserve Banks, San Francisco Fed, Don Vultaggio Organizations: Service, Business, Bloomberg, Nike, Walgreens, Walmart, Federal Reserve, San Francisco, Philadelphia Fed, Iced Tea Locations: San Francisco, Philadelphia
Wells Fargo reiterates Nvidia as overweight Wells said it's sticking with its overweight rating on the stock. "We initiate coverage of net lease REIT Essential Properties (EPRT) with a Buy rating and $33.00 12-month price target. Citi reiterates Apple as buy Citi moved the tech giant up a spot to its number 2 top pick. Wells Fargo reiterates Amazon as buy Wells raised its price target on Amazon to $239 per share from $234. "We initiate coverage of Intuitive Machines, Inc. (LUNR) with a Buy rating and a 12-month price target of $8 per share."
Persons: Raymond James, Deere, it's, Morgan Stanley downgrades Nike, Morgan Stanley, Wells, Goldman Sachs, Goldman, Oppenheimer, Riley, Piper Sandler, Piper, managements, it's bullish, Rosenblatt, ASML Organizations: Deutsche Bank, Deutsche, Nvidia, Properties Realty Trust, Apple, Citi, Xerox, JPMorgan, Realty Trust, Inc, Travelers, Susquehanna, Nextracker, BMO, SAP Locations: Americas, China
It's tough to find growth stocks selling at a reasonable valuation, but searching for companies whose bottom lines are still expanding but not too richly priced could give investors a leg up entering the second half of the year. With the S & P 500 ahead by 15% in the first half alone and the S & P and Nasdaq Composite both near all-time highs, now might be the time for investors to adjust their portfolios accordingly. With that in mind, one time-tested strategy to consider is screening for stocks that offer growth at a reasonable price, or GARP, combining tenets from both value and growth investing. CNBC Pro recently screened for stocks in the S & P 500 that fit the GARP approach. With a year-to-date rally of 11%, electric company Emerson Electric was also on the list of GARP stocks.
Persons: Baird, Morgan Stanley, Goldman Sachs, Nicole DeBlase, Fred Imbert Organizations: Nasdaq, CNBC Pro, Companies, Royal Caribbean Group, Citigroup, JPMorgan, Investment, Emerson Electric, Deutsche Bank Locations: Oppenheimer, Milwaukee
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNagel: This is likely the last bad report for Nike, a clearing eventOppenheimer's Brian Nagel discusses Nike's disappointing quarter and whether the company will be able to leverage events like the Paris Olympics to boost sales.
Persons: Email Nagel, Brian Nagel Organizations: Nike, Paris Olympics
Read preview"Oppenheimer" star Cillian Murphy has reunited with director Danny Boyle for the long-awaited horror sequel "28 Years Later," two decades after his breakout role in "28 Days Later." In the original film, Murphy played Jim, a bicycle courier who wakes up from a coma to find that the UK has been hit by the "Rage" virus, which turns people into zombies. While Boyle produced the 2007 sequel, "28 Weeks Later," the Juan Carlos Fresnadillo-directed film focused more on gory action, than the suspense-driven horror of the original. Related storiesIn January 2024, The Hollywood Reporter confirmed that "28 Years Later" is in the works by Boyle and "28 Days Later" writer Alex Garland. In May, Sony Motion Pictures Group chairman Tom Rothman confirmed to Deadline that the "Oppenheimer" star will reprise his role as Jim in "28 Years Later."
Persons: , Oppenheimer, Cillian Murphy, Danny Boyle, Murphy, Jim, Boyle, Juan Carlos Fresnadillo, Alex Garland, Jodie Comer, Aaron Taylor, Johnson Jodie Comer, Johnson, Guy, Steve Granitz, Gareth Cattermole, I've, Alex, Danny, I'm, we'll, Tom Rothman, Rothman, Jack O'Connell, Ralph Fiennes, Erin Kellyman, Comer, Anthony Dod Mantle, It's Danny, he's, Nia DaCosta, Karwai Tang, Garland Organizations: Service, Business, Office, Hollywood Reporter, Angeles, Sony Motion Pictures, United States Copyright Office Locations: Britain, British, London
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
Bitcoin is testing a key level once again after the cryptocurrency fell below $60,000 this week for the first time since May 3. "There's key support at $57,500, the 200-day average, down to $56,500, the May low — and a downside breach would be damaging." It is currently suffering from a lack of near-term catalysts, low demand for bitcoin exchange-traded funds and miners' selling of bitcoin. BTC.CM= 6M mountain Bitcoin this year If bitcoin fails to hold $57,000, Wald added, $49,000 would become its next key downside level. Until then, "I always side with trend, meaning I'd assume the rising 200-day average holds.
Persons: Oppenheimer, Ari Wald, Bitcoin, bitcoin, Wald, David Keller, bitcoin's, Keller, Tom Fitzpatrick, R.J, O'Brien Organizations: Metrics, NASDAQ
Here are Oppenheimer's top stock picks heading into July
  + stars: | 2024-06-25 | by ( Sean Conlon | ) www.cnbc.com   time to read: +3 min
Oppenheimer unveiled its top stock ideas heading into a new trading month, all of which are seen outperforming over the next 12 months in the market's current conditions. While Oppenheimer has a price target at $75 for the stock, implying about 8.9% upside from Monday's close, JPMorgan is even more bullish. With a $116 price target, Oppenheimer sees similar gains still ahead. Oppenheimer has its price target set at $2,000, which implies a 25.6% increase from Monday's close. On Monday, it hiked Broadcom's price target to $2,150 and said the buy-rated stock is a top pick.
Persons: Oppenheimer, Jefferies, Rick Schafer, Goldman Sachs Organizations: United Therapeutics, Walmart, JPMorgan, Broadcom, Bank of America, Dick's Sporting Goods Locations: Centene, United
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOppenheimer's John Stoltzfus: We're still very much in a bull market supported by fundamentalsJohn Stoltzfus, Oppenheimer Asset Management chief investment strategist, joins 'Squawk Box' to discuss the latest market trends, why he believes the Fed is unlikely to cut rates this year, why he remains positive on equities, and more.
Persons: John Stoltzfus Organizations: Oppenheimer Asset Management
Meanwhile, Melius Research upped its price target on the leading artificial intelligence chipmaker to $160 a share from $125. Their new price target is $477 a share, down from $535. DA Davidson started coverage of Club name Palo Alto Networks with a buy rating and price target of $380 a share. Snowflake 's price target at Wells Fargo was lowered to $200 a share from $225, though analysts kept their buy rating on the data-analytics stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Stocks, Dow, Oppenheimer, Bernstein, Toni Sacconaghi, It's, Northrop Grumman, Analysts, Davidson, billings, Morgan Stanley, Frank Slootman, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Nvidia, Research, Nike, Analysts, Apple, Northrop, Palo Alto Networks, Alcoa, JPMorgan, Kroger, Jim Cramer's Charitable, CNBC Locations: Freeport, McMoRan, Wells
The decline comes after the AI chipmaker on Tuesday briefly topped Microsoft as the most valuable public company. Nike — The athletic clothing maker moved 1% higher following an upgrade at Oppenheimer to outperform from market perform. Asana — Shares popped more than 3% after the software firm announced a $150 million share buyback plan. Gilead Sciences — The pharmaceutical stock rose more than 2.6%, building on a rally of 8.5% from the previous session. Delta Air Lines — The stock rose 0.7% following news Thursday that the airliner announced a quarterly dividend of 15 cents a share, a 50% increase from previous levels.
Persons: Oppenheimer, Gilead, LendingTree, Bernstein, Toni Sacconaghi, — CNBC's Brian Evans, Michelle Fox, Jesse Pound, Sarah Min Organizations: Nvidia, Microsoft, Sarepta Therapeutics, U.S . Food, Drug Administration, Nike, Gilead Sciences, Bloomberg, Apple —, Air Lines Locations: U.S, Gilead
Meanwhile, Jefferies increased its price target on Ingersoll Rand. Nagel also lifted his price target by $10 to $120, which now suggests shares have upside of 25.6%. Analyst Jason Bednar kept his overweight rating on the dental health stock while slashing his price target by $45 to $330. — Alex Harring 5:56 a.m.: Jefferies raises Ingersoll Rand price target The outlook for Ingersoll Rand is looking brighter after a recent acquisition, according to Jefferies. Analyst Stephen Volkmann reiterated his buy rating on the industrial stock and raised his price target to $110 from $105.
Persons: D.A, Davidson, Jefferies, Ingersoll Rand, Oppenheimer, bullish, Brian Nagel, Nagel, — Alex Harring, Piper Sandler, Jason Bednar, Bednar, Howard Ma, Ma, Evercore ISI's Amit Daryanani, Stephen Volkmann, Fred Imbert, Rudy Kessinger, Kessinger, Palo, PANW, Alex Harring Organizations: CNBC, Palo Alto Networks, Nike, Technology, 2Q, Guggenheim, workloads, Jefferies, ILC, Palo, Network Security, Cloud Security, Security Locations: ILC Dover, Palo Alto, Palo
Nike: Here's why Oppenheimer upgraded the stock
  + stars: | 2024-06-21 | 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 EmailNike: Here's why Oppenheimer upgraded the stockBrian Nagel, Oppenheimer senior equity research analyst, joins 'Squawk on the Street' to discuss his thoughts on Nike, where most of his concerns come from with Nike, and much more.
Persons: Oppenheimer, Brian Nagel Organizations: Nike
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