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Manuel Orbegozo | ReutersApple on Monday released iOS 18.1, an update that includes the company's artificial intelligence, called Apple Intelligence, for the iPhone 16 and iPhone 15 Pro. "Given the staggered launch of Apple Intelligence, we expect iPhone demand to pick up post initial release of Apple Intelligence in late Oct," Bank of America Securities analyst Wamsi Mohan wrote in an Oct. 25 note. Opt inYou need an iPhone 15 Pro, iPhone 15 Pro Max or any iPhone 16 model to install and use Apple Intelligence. You also need to turn it on by asking for access to Apple Intelligence in the Settings app. Zoom In Icon Arrows pointing outwards Apple Intelligence can summarize important emails inside the Mail app.
Persons: Tim Cook, Steve Jobs, Manuel Orbegozo, Siri, Wamsi Mohan Organizations: Apple, Steve, Reuters Apple, Apple Intelligence, Nvidia, Apple Inc, iOS, " Bank of America Securities Locations: Cupertino , California
Japan's longtime ruling Liberal Democratic Party may have suffered an election shock, but analysts said that's unlikely to deter the Bank of Japan from its interest rate hike cycle. In Sunday's elections, the LDP lost its majority in Japan's lower house for the first time since 2009. Besides its junior coalition partner Komeito, the LDP will need to work with other parties to form a government. The political turmoil comes ahead of a Bank of Japan meeting this week. Roughly 86% of economists polled by Reuters expect the central bank to leave its rates unchanged when it announces its decision Thursday.
Persons: Kazuo Ueda, Japan's, Komeito, David Boling, CNBC's, they're, Izumi Devalier, Devalier, you've Organizations: Japan, International Monetary Fund, World Bank, Liberal Democratic Party, Bank of Japan, LDP, Eurasia Group, Reuters, Bank of America Locations: Washington , U.S, Japan
Boeing is looking for a $19 billion boost
  + stars: | 2024-10-28 | by ( Aditi Bharade | Pete Syme | ) www.businessinsider.com   time to read: +3 min
Boeing is looking to raise nearly $19 billion to combat its lack of cash. It comes after Boeing reported a net loss of $6.1 billion in the third quarter. AdvertisementBoeing needs cash, and it's trying to raise almost $19 billion as the company looks to boost its liquidity. The planemaker announced Monday that it is offering 90 million common shares and about $5 billion of depositary shares for sale. Last Wednesday, Boeing reported a net loss of $6.1 billion in its third-quarter earnings.
Persons: , Goldman Sachs, Max, Dave Calhoun, Ron Epstein Organizations: Boeing, Alaska Airlines, Service, planemaker, Bank of America, Citibank, JPMorgan Chase, Alaska Airlines Boeing
For now, analysts and investors are looking to Amazon's third-quarter earnings report Thursday night for more clarity. Amazon hopes that Kuiper could bring broadband connectivity to some 400 million to 500 million households that currently lack it. Bank of America, on the other hand, estimates around $3.5 billion in Kuiper spending next year. The Kuiper spending estimates might seem steep, but the analysts aren't telling investors to dump shares. The "ultra-compact" version of the Project Kuiper Amazon
Persons: Jeff Marks, Andy Jassy, Kuiper's, Marks, Kuiper, Evercore, BofA, Morgan Stanley, Morgan Stanley's, Starlink, Elon Musk's, EBITDA, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon, Web Services, AWS, Wedbush Securities, Federal Communications Commission, FCC, Bank of America, FactSet, SpaceX, Viasat, CNBC Locations: Amazon's
New York CNN —Even for a brand as gargantuan as McDonald’s, the last few months have been… a lot. The timing of the outbreak is especially challenging for McDonald’s as it has been trying to win back customers who’ve been put off by higher prices. Over the summer McDonald’s did an about face to try to win people back. “It had been a pretty strong quarter.”And absent the E. coli outbreak, Tuesday’s earnings call might have been all about the value menu and the Crocs. The length and severity of the outbreak is now a wild card for analysts as they assess McDonald’s financial future.
Persons: CNN Business ’, Chris Gaulke, Cornell University’s Nolan, who’ve, Chris Kempczinski, McDonald’s, They’ve, ” RJ Hottovy, it’s, ” Hottovy, “ McDonald’s, McDonald’s didn’t, “ We’ve, Sara Senatore, Chipotle, ” Senatore, , , Wendy’s Organizations: CNN Business, New York CNN, shimmer, New York Mets, Cornell University’s, Cornell University’s Nolan School of Hotel Administration, Associated Press, Colorado Department of Agriculture, Bank of America, Wendy’s Locations: New York
Monday Ford Motor is set to report earnings after the bell, followed by a conference call at 5 p.m. What history shows: Bespoke Investment Group data shows Ford beats earnings expectations 68% of the time. What to watch: Meta is in a good spot heading into this week's report, according to Bernstein's Mark Shmulik. Microsoft is set to report earnings after the close, with a conference call on deck for 5:30 p.m. Amazon is set to report earnings after the market close, with a conference call at 5 p.m.
Persons: Edison Yu, Yu, BioNTech, Goldman Sachs, Toshiya Hari, Hari, LSEG, Bernstein's Mark Shmulik, Morgan Stanley's Keith Weiss, AAPL, KeyBanc, Justin Post Organizations: Apple, Ford Motor . Pharmaceutical, Pfizer, Corporate America, Monday Ford, LSEG, Ford, AMD, Cloud Service, Google, Microsoft, Windows, CNBC, Management, Amazon Web Services, Bank of America, Amazon Locations: Temu, .
CNN —When considering who is living paycheck to paycheck, households with an income of six-figures or more likely aren’t the first to come to mind. But, as it turns out, about a fifth of US households that earn more than $150,000 a year are in that situation. Across all income levels, households that earn less than $50,000 a year saw the highest proportion, around 35%, of people living paycheck to paycheck so far this year. But at higher income levels, the portion of households living paycheck to paycheck falls slowly. For instance, the share of households living paycheck to paycheck and earning between $50,000 and $75,000 is only a few percentage points higher than households earning more than $150,000.
Persons: ” David Tinsley, Tinsley Organizations: CNN, Bank of America, Bank of America Institute, Labor Department
For Gen Z, retirement is 40 or 50 years away, but now is the perfect time to start saving. Four financial experts shared their top strategies to kick-start retirement savings. Or, it may seem difficult and anxiety-inducing, especially as Gen Z juggles student loan debt, high costs of living, and a tough job market. AdvertisementBusiness Insider asked four wealth advisors for their best tips and tricks on how Gen Z can maximize their retirement savings, starting now. Basic budgeting strategies, such as keeping housing costs at 30% or lower of your total paycheck, can also create a strong foundation for retirement savings, Crowell said.
Persons: , Zers, Z, Gen Z, there's, Andrew Crowell, Davidson, Crowell, Zer, Gen Zers, Ayako Yoshioka, Yoshioka, Roth, haven't, Ashley Weeks, Weeks, Alanna Morey, Morey Organizations: Service, Social Security, Bank of America, D.A, Roth IRA, Equity, Bank
A handful of companies reporting results in the upcoming week could see an earnings-powered boost. Megacap titans Microsoft , Amazon and Apple will headline the week, alongside other names within the travel, pharmaceuticals, energy and restaurant sectors. CNBC Pro screened FactSet for the companies reporting earnings next week that could receive a positive earnings surprise and see a jump in their shares. More than eight out of 10 of analysts covering Amazon view it as a buy, and the average price target suggests about 31% upside. Shares of Aptiv could rise another 29% from here, according to the average price target.
Persons: TD Cowen, Cowen, Andrew Kligerman, Aptiv, Wells, Colin Langan Organizations: Dow Jones, Megacap, Microsoft, Apple, CNBC, Insurance, MetLife, Bank of America, Citi, Amazon, Mastercard, Visa
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect Nvidia to maintain its 80-85% market share, says BofA's Vivek AryaVivek Arya, Bank of America senior semiconductor analyst, joins 'Squawk Box' to discuss Nvidia's bull run, state of the chip sector, demand for Nvidia's Blackwell AI chip, and more.
Persons: BofA's Vivek Arya Vivek Arya, Nvidia's Organizations: Bank of America, Nvidia's Blackwell
Corey White, an investment banker at Bank of America, chatted with Alex Nicoll, a senior reporter at BI and others. Adrienne Grunwald for Business InsiderChicago-based White is a director on BofA's emerging growth and regional coverage team.
Persons: Corey White, Alex Nicoll, Adrienne Grunwald Organizations: Bank of America, Business Insider
JPMorgan is ramping up its hiring of investment-banking analysts and associates, BI has learned. The fourth quarter is usually a slow period of hiring for investment banks. JPMorgan Chase is in the midst of an off-cycle hiring spree for junior investment bankers, according to people familiar with the bank's recruitment efforts and its online jobs board. AdvertisementAs Business Insider previously reported, JPMorgan recently said it would cap junior bankers' weekly work hours to 80 per week, with key exceptions. It also created a new HR role specifically to oversee the "well-being" of junior bankers.
Persons: , JPMorgan Chase, headhunter, Wall, Banks, there's, Jamie Dimon, wasn't Organizations: JPMorgan, Service, IPOs, Bank of America, WSJ
Against this backdrop, Wolfe Research released a basket of stocks that might be impaired under a Trump presidency. These companies would be at risk either under a 10% universal duty or 60% China tariffs. Beauty and cosmetics manufacturer Estée Lauder , down about 40% this year, could also face repercussions under a Trump win. Analyst Angel Castillo's revised price target of $332, down from $349, is approximately 14% lower than where shares closed on Wednesday. Other than these stocks sensitive to tariffs, Wolfe Research also suggested a few other ways to play the election.
Persons: Donald Trump, Wolfe, Trump, Estée Lauder, Rambourg, Morgan Stanley, Angel, Goldman Sachs, Patterson, Kamala Harris, Wolfe's Organizations: Republican, Wolfe Research, Democratic, Eagle Outfitters, Eagle, Bank of America, Trump, HSBC, Caterpillar, UTI Energy, NextEra Energy, Centene, AES Corp Locations: China, Greater China
This, despite the fact that younger investors were more optimistic about the economy, their incomes, their living situations, and their investments. Millennial investors have been deeply scarred by two life-changing crises in their young lives. But if you look at hard numbers from the Federal Reserve about what millennial investors actually own, you can see that this stereotype is misguided. When you compare millennials' cash levels with Gen X's cash levels at the same age, though, the risk aversion becomes clear. But when it comes to younger investors, I think the scars run deeper than worries about a coming downturn.
Persons: Cash, it's, millennials, Gen Xers, boomers, There's, would've, you'd Organizations: Bank of, Federal Reserve, University of Michigan, Occupy, Dow, Netflix Locations: eToro, United States, YOLO
Here are Thursday's biggest calls on Wall Street: KeyBanc downgrades Verizon to sector weight from overweight KeyBanc downgraded the telecom provider following earnings. Jefferies initiates California Resources at buy Jefferies says the energy company has a differentiated offering. " TD Cowen reiterates Microsoft as buy The firm recommended Microsoft heading into earnings next week. Bank of America reiterates Amazon as buy Bank of America touted Amazon ahead of earnings next week. Morgan Stanley reiterates Tesla as overweight The firm says it's sticking with top pick Tesla following earnings on Wednesday.
Persons: KeyBanc, Jefferies, Bernstein, ServiceNow, TD Cowen, Wells, Susquehanna, Lisa Su, SRE, Morgan Stanley, Tesla, Rosenblatt, Apple Organizations: Verizon, " Bank of America, IBM, Bank of America, CRC, Facebook, Google, Microsoft, Deutsche Bank, Deutsche, JPMorgan, NextEra Energy Partners, NextEra Energy, AMD, Sempra Energy Locations: California, Regions
A handful of stocks that are on deck to report earnings have historically surpassed Wall Street estimates and seen shares move the day they report. The 24% of S & P 500 companies that have reported quarterly results have so far collectively notched roughly 2% earnings growth. Some of the biggest companies set to report next week include Meta Platforms and Mastercard . The stock typically beats analysts' estimates 80% of the time or more. The stock has averaged a gain of more than 2% the day after each earnings report.
Persons: Mark, Justin Post, Morgan, James Faucette Organizations: Wall, Mastercard, Investment, Facebook, Bank of America, FactSet, Visa, Trimble Inc
TSLA YTD mountain Tesla stock in 2024. Jonas reiterated his overweight rating on Tesla stock, and his price target implies 45% upside. Wells Fargo, $125 per share price target Wells Fargo isn't a buyer after the strong results, citing high valuations. His neutral rating and $250 per share price target implies roughly 17% upside ahead. Barclays, $220 per share price target Barclays had positive takeaways from the report but reaffirmed that questions remain around Tesla's artificial intelligence and full self driving initiatives.
Persons: Elon Musk, Tesla, they're, Morgan Stanley, Morgan Stanley's Adam Jonas, Jonas, Wells, Colin Langan, Langan, Goldman Sachs, Mark Delaney, Delaney, Dan Levy, Levy, John Murphy, Murphy Organizations: FactSet, Tesla, Barclays, Bank of America Locations: Texas, California, Shanghai
CEO Kelly Ortberg has vowed to turn around the company and laid out a four-point plan. CEO Kelly Ortberg vowed to "return Boeing to its former legacy" and said the company would focus on changing its culture. However, restoring the traditional defined-benefit pension plan — replaced with a 401(k) in 2014 negotiations — has been a key issue for many on the picket lines. Bank of America analysts estimated that restoring this pension plan would cost up to $400 million annually. Boeing's production has been limited as it faces supply-chain constraints and renewed scrutiny from regulators in the wake of January's Alaska Airlines blowout.
Persons: Kelly Ortberg, , Manuel Valdes, William Blair, Peter McNally, China's, McNally, Morningstar's Nicolas Owens, Ortberg Organizations: Boeing, Service, CNBC, Wall Street, Labor, Seattle Times, Bank of America, Anderson Economic Group, AP, Alaska Airlines, Airbus Locations: Seattle, Pacific Northwest
(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. Investors on Wednesday were focused on big news involving two Dow Jones Industrial Average components: Boeing and McDonald's. The current bull market and how much more stocks can continue to rally was also on investors' minds. McDonald's E. coli outbreak, Boeing earnings McDonald's shares were lower and the primary drag on Dow futures after an E-coli outbreak linked to Quarter Pounders that has killed one person and lead to dozens being hospitalized.
Persons: Sara Senatore, Senatore, Kelly Ortberg, Phil Lebeau, Tony Bancroft, , Ortberg, Piper, Craig Johnson, Piper Sandler, Johnson Organizations: PRO, Worldwide, Dow Jones, Boeing, Dow, Bank of America, New, CNBC, Gabelli, Aerospace, Defense, Federal Aviation Administration, Max Jets, Piper, Marvell, Scotts Miracle, Gro Locations: Corning, Illumina
The natural gas liquids midstream space is "relatively defensive," she added. Here are a few of the stocks that Salisbury's team highlighted with buy recommendations. "Even in softening oil environment, still surprisingly cheap compared to how much cash could be paid out if capex/acquisitions ever slow even a little bit," Salisbury's team noted. Finally, Bank of America called out Kinder Morgan , saying it is among the "key beneficiaries of long-term U.S. gas demand inflection in 2025." As gas demand rises, Bank of America sees a positive catalyst for brownfield gas pipelines — as in, pipelines that are already part of an existing facility, rather than those that are newly built.
Persons: Jean Ann Salisbury, Kinder Morgan Organizations: Bank of America, Enterprise Products Partners, Bank of, Enterprise, Enterprise Products, Williams Locations: Lake Charles , Louisiana, Arizona, East Coast, Pacific
Here are some of the ways Bank of America analysts think the upcoming election results could affect the stock market. Harris presidency, split government A victory for Democratic candidate Kamala Harris in the White House, plus a Republican-controlled Congress, could be "the best outcome" for online media companies, according to Bank of America analyst Justin Post. He noted that Harris is likely to enforce a potential ban on TikTok — which could boost Meta Platforms and Snapchat . Trump president, split government A win for Republican candidate Donald Trump and a split government would be the best-case scenario for bank stocks, per analyst Ebrahim Poonawala. On the other hand, a Trump presidency would be viewed positively by gig-economy companies, including Uber and Lyft, according to analyst Post.
Persons: , Harris, Kamala Harris, Justin Post, Lorraine Hutchinson, Donald Trump's, , Athletica, Joanna Gajuk, Gajuk, Jessica Reif Ehrlich, Ehrlich, Jason Kupferberg, Kupferberg, Dick Durbin's, Donald Trump, Ebrahim Poonawala, Poonawala, Republicans —, Dimple, Trump, Uber, Craig Siegenthaler, Siegenthaler, Rafe Jadrosich, Trump's, — CNBC's Michael Bloom Organizations: White, Bank of America, of America, Democratic, Republican, Democrat, Department of Justice, Eagle Outfitters, Urban Outfitters ., Health, Tenet Healthcare, Universal Health Services, Democrats, Agilon, Humana, Big Tech, House, Trump, Republicans, Oscar Health, Centene, GOP, Securities, Exchange, Entertainment, Packaging Corporation of America, American Eagle Outfitters Locations: Hutchinson, U.S, China, Washington
Spot gold prices have soared above $2,700 an ounce, rallying for the fifth day on Monday to hit another record high of over $2,733 an ounce. But Wider noted the de-correlation of 10-year Treasury real interest rates (adjusted for inflation) and the price of gold. XAU= 5Y mountain Gold John Reade, senior markets strategist at the World Gold Council trade association, warned of volatility ahead, however. Allocating to gold Reade advised investors to always have a position in gold, albeit as a relatively small part of a portfolio. Principal Asset Management's Jablonski, meanwhile, said he has less than 5% of his portfolio allocated to commodities, including gold.
Persons: Michael Widmer, I'm, CNBC's, Widmer, Todd Jablonski, Jablonski, John Reade, Reade, Management's Jablonski, Fred Imbert Organizations: Bank of America, Treasury, CNBC Pro, World Gold Council, CNBC
Here are Tuesday's biggest calls on Wall Street: Loop initiates AppLovin as buy Loop said the software publisher is an "indispensable infrastructure for the mobile gaming industry." Citi upgrades First Solar to buy from neutral Citi said the solar company is a winner no matter who wins the election. KeyBanc initiates Zeta Global as overweight KeyBanc said the marketing software company has an attractive platform. Stifel initiates Braze as buy Stifel said the software company is best positioned. Stifel initiates Klaviyo as buy Stifel said it is bullish on the software company.
Persons: Bernstein, Mizuho, Jefferies, Tesla, Morgan Stanley, Apple, Meta, Redburn, KeyBanc, Stifel, Disney, JPMorgan downgrades Hertz, Itron Organizations: Costco, Walmart, omni, Citi, Democratic, Republican, Cadence, Apple, LT, Microsoft, " Bank of America, Meta, Bank of America, Zeta Global, ZETA, Disney, JPMorgan, Hertz Global Holdings, Jefferies, Guggenheim
Check out the companies making headlines in midday trading: Boeing — The stock climbed 3%. Cigna — The insurer's stock slid more than 4% after Bloomberg reported, citing people familiar with the matter, that Cigna has reignited merger discussions with Humana. AppLovin — The application technology stock jumped 8% on the back of a major price target hike from Bank of America. Atlantic Union Bankshares — The holding company for Atlantic Union Bank pulled back more than 5% after third-quarter net interest income missed analysts' estimates. Atlantic Union reported net interest income of $186.8 million, while analysts polled by FactSet were looking for $195.0 million.
Persons: Warby Parker, Goldman Sachs, Cigna, AppLovin, Bernstein, FactSet, Johnson, , Samantha Subin, Michelle Fox, Alex Harring, Sean Conlon Organizations: Boeing, Bloomberg, Humana, United Parcel Service, Barclays, Bank of America, Southwest Airlines —, CNBC, Elliott Investment Management, ASML Holdings, Atlantic, Atlantic Union Bank, Atlantic Union, Johnson Locations: Bank
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere are increasing concerns about global government debt levels, says metals analystMichael Widmer, head of metals research at Bank of America, discusses the gold market.
Persons: Michael Widmer Organizations: Bank of America
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