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☆ These 'high quality compounders' are Bank of America's top picks ahead of second quarter earnings
▼ + stars: | 2023-07-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Analysts' at Bank of America have named a host of stocks that are poised to outperform heading into second earnings season. The bank said this week there are several "high quality" buying opportunities that aren't getting enough investor attention. CNBC Pro combed through the top Bank of America research to find analysts' favorite ideas as earnings releases ramp up. They include: Mondelez, SolarEdge , Rollins, Thomson Reuters and Broadcom. Bank of America recently initiated coverage of the stock with a buy rating, calling Rollins "a high-growth compounder through economic cycles."

Persons: SolarEdge, Rollins, Thomson, Jason Haas, Haas, BofA, Julien Dumoulin, Smith, Dumoulin, Heather Balsky, Balsky, Dirk Van de, MDLZ Organizations: Bank of America, CNBC, Thomson Reuters, Broadcom, Rollins, . Bank of America Locations: 2Q23, Europe, U.S

☆ Goldman says buy call options on these stocks that will report better-than-expected earnings
▼ + stars: | 2023-07-12 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Goldman Sachs says it's a good time for investors to eye single stock options ahead of a slate of quarterly results. The firm compiled a list of stocks Goldman labels as "out-of-consensus opportunities" for put and call options ahead of each company's quarterly earnings report date. Goldman sees 3% upside to earnings consensus for the current quarter and 4% upside for the next four quarters. Goldman Sachs retail analyst Kate McShane is forecasting 34% upside for the stock over the next 12 months. Ahead of upcoming results, Goldman recommends buying call options for a $37.50 strike price, expiring in August.

Persons: Goldman Sachs, it's, John Marshall, Goldman, Toshiya Hari, NVDA, Kate McShane, BBWI, Eric Sheridan, — CNBC's Michael Bloom Organizations: Goldman, CNBC Pro, Nvidia, Body, eBay, EBAY

☆ Here are Monday's biggest analyst calls: Apple, Netflix, Amazon, Cava, Disney, Rivian, Tesla & more
▼ + stars: | 2023-07-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley upgrades Shockwave Medical to overweight from equal weight Morgan Stanley said shares of the cardiovascular medical device company are well positioned. Jefferies reiterates Tesla as hold Jefferies raised its price target on Tesla to $265 per shar from $185 but said it's standing by its hold rating. UBS reiterates Disney as buy UBS said it's cautious heading into Disney earnings in early August, but it's sticking with its buy rating. Morgan Stanley reiterates Netflix as equal weight Morgan Stanley raised its price target on the stock to $450 per share from $350 and said the risk/reward for Netflix is balanced. Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it's standing by its buy rating on the electric vehicle company. "

Persons: Estee Lauder, Wells, Fox, Morgan Stanley, Goldman Sachs, Goldman, Charles Schwab, JMP, Schwab, KBW, it's, Jefferies, Tesla, JPMorgan, Rivian, Stifel, Oppenheimer Organizations: Citi, Estee Lauder Citi, Fox News, Nvidia, company's Data, Bank of America, UBS, Disney, Netflix, Cava, JPMorgan, Apple, Weyerhaeuser, of America, Brands, Bell, KFC Locations: BlackRock, Amazon's, GMV, CAVA

☆ Goldman Sachs raises Nvidia price target, says chipmaker is entering a new growth phase
▼ + stars: | 2023-07-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

NVDA YTD mountain Nvidia shares in 2023 The new price target suggests shares could gain another 16.5% from Friday's close on top of nearly tripling this year. Key to Goldman Sachs' target increase is the stronger compute power and greater numbers of graphics processing units needed to train growing large language models. From training alone, the analyst forecasts a $13 billion base case three-year revenue opportunity and a $316 billion bull case scenario. Social media could yield one of the strongest revenue opportunities, with a base case scenario calling for $1.9 billion in revenue. Along with its target increase on Nvidia, Goldman Sachs upped its price objective on overseas shares of Taiwan Semiconductor Manufacturing .

Persons: Goldman Sachs, Toshiya Hari, Hari, Bruce Lu, — CNBC's Michael Bloom Organizations: Nvidia, company's Data, Wall, Social, Taiwan Semiconductor Manufacturing Locations: Friday's

Ferrari is standing on the top step of the podium, according to Morgan Stanley. He also raised his price target to $340 from $310 on account of foreign exchange fluctuations, earnings revision and a slight increase in his estimated EBITDA multiple. The new price target implies 8.4% upside from Thursday's close. Morgan Stanley maintained his bull case estimates of $420 per share, which implies 34% upside from current levels. Morgan Stanley predicts the bear scenario could occur if a weaker macro environment results in low shipments and demand levels, as well as a loss of brand relevance.

Persons: Ferrari, Morgan Stanley, Adam Jonas, Hermes, Jonas, — CNBC's Michael Bloom Organizations: Ferrari, General Motors Locations: China, Asia

☆ Threads has launched at an opportune time, but it'll be tough to outshine Twitter, analysts say
▼ + stars: | 2023-07-06 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Meta launched Threads social media platform — its answer to Twitter — on Wednesday. 10 million users signed up for Threads in the first seven hours of its launch, per CEO Mark Zuckerberg. Analysts say it could be tough for Threads to outshine Twitter's existing power user base. And even though Threads launching at an advantageous time, at least four Wall Street analysts say it could be challenging to outshine the incumbent. After all, it could be difficult to get Twitter users to move, Billy Duberstein, a portfolio manager at Stone Oak Capital, wrote on the Motley Fool website on Wednesday.

Persons: Meta, Mark Zuckerberg, Elon Musk, Daniel Newman, Newman, hough, witter, ost.News,, ike P roulx,, rove, ames, rian W ieser, Organizations: Twitter, Morning, Elon, Meta, Futurum, Wall Street, otley, NBC

☆ Mark Zuckerberg just launched the Twitter killer Threads app and wants to get '1 billion+ people on it'
▼ + stars: | 2023-07-06 | by ( Huileng Tan | Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Over 5 million users signed up for Threads in the first four hours of its launch, per Meta CEO Mark Zuckerberg. Meta CEO Mark Zuckerberg ratcheted his rivalry with Twitter owner Elon Musk as Meta rolled out its Threads app to users in 100 countries on Wednesday. Over five million users signed up for the app in the first four hours of its launch, Zuckerberg posted on Threads. The app somewhat resembles Twitter, leading Zuckerberg to post his first tweet in a decade — the famed Spider-Man pointing at Spider-Man meme. To be sure, Meta's Threads isn't the only game in town trying to the Twitter Killer.

Persons: —, Mark Zuckerberg, Elon Musk, Zuckerberg, hasn't, Meta, Instagram, Billy Duberstein, Jack Dorsey —, Donald Trump's, Matthew Loh, Duberstein, Insider's Sydney Bradley, Amanda Perelli Organizations: Twitter, European Union, Bloomberg, Meta, Stone Oak Capital

☆ Let's set the table for the second half by reflecting on this year's hated bull market
▼ + stars: | 2023-07-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

You don't get the best first-half Nasdaq rally in 40 years simply because the Federal Reserve did this, or the yield curve in the bond market did that. It was almost as if it was prosaic to seek profits, like, "How dare you defy the teachings of the yield curve, you foolish soon-to-be- broke apostate." It was the second move, the second week of March, that told the second tale of the first half: the fall of Silicon Valley Bank. Here we had an out-of-nowhere collapse of a well-known seemingly well-run bank that ran afoul, again, of the yield curve. No company could rival Club stocks Apple (AAPL), Alphabet (GOOGL), Amazon (AMZN), Microsoft and Meta Platforms (META) — nice metamorphous there and Tesla , not a Club name.

Persons: William Jennings Bryan, Gandhi, Bud, Altman, Sam Altman, Jensen Huang, Jensen, mutt, Cezanne, Monet, Shakespeare's Henry IV, Carl Quintanilla, David Faber, da, Lisa's, Wendy's, Scylla, Charybdis, ChatGPT, haut, Morgan Stanley's Mike Wilson, aren't, They've, isn't, Goldman Sachs, Tesla, Didn't, Freddie, Lehman, Jerome Powell, We've, it's, Eli Lilly, Jim Cramer's, Jim Cramer, Jim, Mad Organizations: Nasdaq, Federal Reserve, Intel, The New York Times, Veterans, Club, Microsoft, Nvidia, Globe Theatre, Silicon Valley Bank, Fed, Apple, Meta, RCA, US Steel, Washington Mutual, AIG, IBM, Jim Cramer's Charitable, CNBC, NYSE Locations: America, Philadelphia, OpenAI, Oz, Queens, mull, Ithaca, Weimar, Silicon, Republic, Valley, Delray , Florida, Alleghany, China

☆ Activist Legion Partners spots two possible paths to create value at Clear Channel Outdoor
▼ + stars: | 2023-07-01 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Business: Clear Channel Outdoor is an out-of-home advertising company that offers a variety of advertising services, including through billboards, street furniture displays, transit displays and airport displays. Activist Commentary: Legion is an activist investor whose managing directors are Chris Kiper, previously of Shamrock Activist Value Fund, and Ted White, previously of European activist fund Knight Vinke. Clear Channel effectively has two business lines – Americas and Europe, each with very different business models and valuations. Moreover, since this strategic review of Europe began in December 2021, Clear Channel has announced the sales of businesses in Italy, Spain and Switzerland. CCO first announced its strategic review of the European business in December 2021 and very little has come to fruition.

Persons: Chris Kiper, Ted White, Knight Vinke, Legion, CCO, CCO's underperformance, Ken Squire Organizations: Clear, Value Fund, Legion Partners, Europe, Legion, 13D Locations: U.S, Europe, Americas, iHeartMedia, Italy, Spain, Switzerland, America

☆ Stocks may have rallied to new levels recently, but these 10 high-quality investments are still cheap right now, according to Morningstar
▼ + stars: | 2023-06-28 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +2 min

The stock market began 2023 with a shaky start, but has since enjoyed a strong rally. It's been full speed ahead lately for stocks, as the ongoing market rally remains alive. On the whole, things certainly look promising — but beneath the surface it's clear that the stock market rally has been primarily driven by one sector: technology. 10 most undervalued high-quality stocksFaced with a looming economic downturn, pivoting towards high-quality stocks could help provide investors with the wherewithal to withstand an impending squeeze. In a note from June 27, Morningstar identified the 10 most undervalued high-quality stocks with lasting competitive advantages that make them attractive to long-term investors.

Persons: Morningstar, It's, Dave Sekera, Sekera

☆ This under-the-radar filtration stock could rally more than 50%, Goldman Sachs says
▼ + stars: | 2023-06-20 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Atmus Filtration is worth buying following its initial public offering, Goldman Sachs said. Analyst Jerry Revich initiated coverage of the filtration stock, whose initial public offering took place in late May, at buy. However, he said the company can expand outside the core market that's valued at $15 billion into the broader industrial filtration market valued at $45 billion. And the already existing internal IP should be useful as the filtration technology in the two markets is similar, he said. "In our view, as a standalone company, Atmus will further build on its strengths," Bank of America analyst Andrew Obin said in his upgrade.

Persons: Goldman Sachs, Jerry Revich, Revich, Atmus, Wells Fargo, Andrew Obin, CNBC's Michael Bloom Organizations: Cummins, JPMorgan, Bank of America Locations: Friday's, Cummins

☆ Pharrell Williams, Louis Vuitton’s New Don
▼ + stars: | 2023-06-18 | by ( Jon Caramanica | ) www.nytimes.com time to read: +1 min

Earlier this month, Pharrell Williams was in the men’s atelier on the second floor of Louis Vuitton’s corporate office in Paris, sunglasses on, surveying his new perch. “This window is different.”The window by his desk looks out over the small plaza on the north side of the Pont Neuf, where in just a couple of weeks, his first show as Louis Vuitton men’s creative director would take place. A 50-foot statue of the artist Yayoi Kusama, a Vuitton collaborator, hovered just outside. The rapper Pusha T and the streetwear innovator Nigo were milling about. I mean, the Seine River right there — it’s like the moat.”

Persons: Pharrell Williams, Louis Vuitton’s, ”, Pont, Louis Vuitton, Pusha, Williams’s, “ Locations: Paris, Seine

☆ An ETF focused on the 'moats' strategy of Warren Buffett is beating the market once again
▼ + stars: | 2023-06-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

An exchange traded fund built on an investing strategy popularized by Warren Buffett is proving its worth once again in 2023. The VanEck Morningstar Wide Moat ETF (MOAT) has a total return of more than 23% year to date, according to FactSet, handily beating the S & P 500 and enhancing an already stellar long-term track record. MOAT 5Y mountain The VanEck Morningstar Wide Moat ETF has been a long-term outperformer. The Vanguard Value ETF (VTV) and iShares Core S & P 500 ETF (IVV) were the top two funds of the week, each bringing in more than $2 billion. Several large short-term bond funds saw outflows this week, including Vanguard Short-Term Bond ETF (BSV) .

Persons: Warren Buffett, FactSet, Brandon Rakszawski, Rakszawski, It's Organizations: Morningstar, Adobe, Bond, Federal Locations: VanEck, outflows

☆ Russia's isolation from the global economy causes poor turnout at Putin's economic forum
▼ + stars: | 2023-06-14 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Russia's isolation from the global economy caused poor turnout at Putin's economic forum in St. Petersburg. The event previously drew big names from the West, but was mostly populated by lower-level politicians this time. Experts have sounded the alarm on Russia's economy amid Ukraine war sanctions. But experts have warned that the moat between Russia and Western world could be lethal to Russia's economy. Though some prognosticators see Russia's economy posting small growth this year, those estimates are largely based on the Kremlin's "cherry-picked" statistics, according to two Yale researchers, who recently made the case that Russia's economy is struggling far more than Putin has let on so far.

Persons: —, Vladimir Putin's, Emmanuel Macron, Angela Merkel, Zhang Hanhui, Zhou Liqun, Putin Organizations: Service, Bloomberg, Union of Chinese Entrepreneurs, Yale Locations: St . Petersburg, Ukraine, Soviet Union, America, Asia, Russia, China, Moscow, Western

☆ What Does It Even Mean to Be Real?
▼ + stars: | 2023-06-12 | by ( Alex Beggs | ) www.nytimes.com time to read: +2 min

Even the word “real” is used 87 times in the book. “This is real. I can feel it.” Kevin worships a farmer who delivers him a box of produce every week, because he has “a real wife, a real family, a real job” — and, it turns out, some very real problems, too. Its unbearableness.” Task, the “Billionaire Douchebag,” promises this will be “the most real reality TV we’ve ever seen.”But it’s our reality that Willis is playing with, and she has fun with it, especially our life on the internet, another unreal place we’ve come to accept as all too real. Ostensibly about decadence, but really about love.” As quickly as he opens the book, he closes it, and turns on “MarsNow.”

Persons: ” Amber, Kevin, —, ”, Willis, Amber Locations: ”

☆ This regional bank can benefit from the online betting boom, JPMorgan says
▼ + stars: | 2023-06-12 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

A small bank based in West Virginia has positioned itself as a key figure in the online betting world, and that first-mover advantage should have staying power, according to JPMorgan. "We find that the MVB team has been forming an ecosystem around the bank over the past five years serving the online gaming industry (which was legalized at the federal level in 2018). MVB Edge Ventures is a subsidiary of the bank, and it provides management oversight for the firm's tech investments. JPMorgan first initiated coverage of MVB with an overweight rating on Feb. 27 , before the failure of Silicon Valley Bank. MVBF YTD mountain Shares of MVB Financial have performed better than many other regional bank stocks in 2023.

Persons: Steven Alexopoulos, MVB, that's, — CNBC's Michael Bloom Organizations: JPMorgan, MVB, Edge Ventures, MVB Edge Ventures, Silicon Valley Bank, Regional Banking Locations: West Virginia, Silicon, MVB

☆ Amex building moat around high-end consumers, says Wells Fargo's Donald Fandetti
▼ + stars: | 2023-05-31 | 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 EmailAmex building moat around high-end consumers, says Wells Fargo's Donald FandettiDonald Fandetti, Wells Fargo Securities, joins 'Power Lunch' to discuss his rating of Amex being a top pick.

Persons: Wells Fargo's Donald Fandetti Donald Fandetti Organizations: Wells Fargo Securities Locations: Wells Fargo

American Express is one of Wells Fargo's top picks for a tougher recession scenario. The firm said the payment card company has an excellent risk-reward valuation — even in the case of revenue growth being cut in half. "Their ability to flex peak investment expense is a powerful lever," Wells Fargo said in a Wednesday client note. "We view AXP shares as quite defensive, and it's our Top Pick. We believe their earnings would hold up better than many expect should we head into a tougher economic environment than the mild recession we assume.

Persons: Wells Fargo's, Wells Fargo, Donald Fandetti, Fandetti, — CNBC's Michael Bloom Locations: Wells

☆ How much of A.I. is just hype? A bull and a bear share their tips on how to invest
▼ + stars: | 2023-05-29 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

But it's also had its detractors , and some analysts have warned of the risks of investing in AI. One example is Meta, which has jumped over 100% this year partly as a result of its pivot from the metaverse to AI, Dietze said. How to invest Dietze and Ware agree on one thing: Avoid investing in pure-play AI companies. For such larger tech companies, AI is only going to be a small part of total revenues and profits — so it's safer, although returns will be more muted, he said. Ware added, "Forget making bets on 'pure play' AI companies with no earnings, no moat, and now [higher] costs of capital.

☆ Nvidia is up 165% in 2023. Here's why its the clear winner in the AI race so far.
▼ + stars: | 2023-05-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Nvidia stock has soared 165% in 2023 as investors wake up to the potential of artificial intelligence. Nvidia appears best positioned for AI growth as companies rely on its high-tech GPUs to power chatbots like ChatGPT and Bard. The stock is up 165% so far in 2023, and some analysts think there's still plenty of room for growth. "They have the entire AI silicon stack. They own over 95% of market share of the GPU market within the data center space," Zino said.

☆ Lowe's is trying to lure rural shoppers by copying Tractor Supply and selling livestock products, Carhartt, and Wrangler
▼ + stars: | 2023-05-25 | by ( Ben Tobin | ) www.businessinsider.com time to read: +4 min

Analyst group Jeffries says Lowe's may cut into Tractor Supply Co.'s rural-customer market share. They will roll out in up to 300 Lowe's stores by the end of the year and include new Carhartt apparel, an expanded Wrangler lineup, as well as items for pets, livestock, and trailers. Lowe's push to expand farm and ranch offerings could be troubling news for Tractor Supply Co., which has more than 2,000 stores nationwide. Per the Jeffries report, Lowe's rolled out a pilot of its rural concept in two stores in rural parts of Tennessee in 2020. Tractor Supply could face greater competition from Lowe's.

☆ Nvidia's big break has been a long time coming, Jim Cramer says
▼ + stars: | 2023-05-25 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Wall Street may be shocked by Nvidia 's record-breaking move on Thursday, but not CNBC's Jim Cramer. Cramer said Huang has been ahead on the value of generative artificial intelligence since the jump, buying up a valuable kind of graphics card — the H100 processor — early on. "If you have enough Nvidia cards put together, you can enable all of this incredible artificial intelligence stuff that everybody's so excited about now. Cramer said Huang showed him the power of ChatGPT when he visited Nvidia headquarters months ago, well before it saw mainstream popularity. "And had the cards ready for all who wanted them when Wall Street finally came around to generative artificial intelligence.

Persons: Jim Cramer, Cramer, he's, Jensen Huang, Huang, Andy Reid, Reid, Paul Cezanne, " Cramer, Jensen, Wall, We're Organizations: Nvidia, Kansas City Chiefs, Oracle, Microsoft, Meta, Intel Locations: Washington

☆ Here are Cowen's top chip picks for an EV and autonomous-auto future
▼ + stars: | 2023-05-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

That's because the vehicle platform redesigns need to come through semiconductor innovations in processing and power-management technologies, analyst Joshua Buchalter wrote in a report on Monday. "We believe these powerful secular content themes are underappreciated amidst appropriate cyclical concerns and pushback on EV attach rate projections," he added. In fact, companies indexed to these trends can outgrow the broader market and should be on investors' radar today, Buchalter said. TD Cowen's proprietary model forecasts the total automotive semis market growing at a 9% compound annual growth rate from 2023 to 2030 — doubling to about $121 billion. The company has already amassed a $30 billion auto revenue pipeline, spread across the digital cockpit, connectivity and ADAS, he pointed out.

Persons: TD Cowen, That's, Joshua Buchalter, Buchalter, Mobileye, Matthew Ramsay, Ramsay, — CNBC's Michael Bloom Organizations: Microsystems, Mobileye's, Nvidia, Qualcomm Locations: ADAS

☆ Nvidia's stock could rise fivefold in 10 years on A.I. trend, says fund manager
▼ + stars: | 2023-05-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Shares of the Silicon Valley-headquartered firm have doubled since the start of this year over positive investor sentiment toward A.I. Despite the gains, the stock is still down by 12% from its all-time high on Nov. 29, 2021, according to FactSet data. "But I think Nvidia has a good track record of demonstrating that they can." Ripman added that he could see a scenario where Nvidia could grow five-fold due to the market size and demand. "What this really comes down to is, I think we're just scraping the surface really of what A.I.

☆ Tech is the 'most crowded trade' as stock-market bearishness rises to the highest levels so far this year
▼ + stars: | 2023-05-16 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Investors are loading up on mega-cap tech stocks as they turn more bearish, according to Bank of America. The bank said tech is the "most crowded trade" followed by shorting banks and shorting the US dollar. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. According to Bank of America's global fund manager survey, tech stocks are the "most crowded trade" on Wall Street as bearishness towards the broader stock market hits its highest level so far this year. Mega-cap tech stocks have a war chest of cash and a wide moat around their businesses that in the past have enabled steady growth during periods of economic weakness.

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