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☆ Watch CNBC’s full interview with Needham’s Laura Martin
▼ + stars: | 2023-09-25 | 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 EmailWatch CNBC’s full interview with Needham’s Laura MartinLaura Martin, Needham senior analyst, joins 'The Exchange' to discuss what Hollywood writers' tentative deal with studios to end strike means, how media stocks will play out, and more.

Persons: Needham’s Laura Martin Laura Martin, Needham Organizations: Hollywood

☆ Tentative writers deal: What's next for the media stocks
▼ + stars: | 2023-09-25 | 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 EmailTentative writers deal: What's next for the media stocksLaura Martin, Needham senior analyst, joins 'The Exchange' to discuss what Hollywood writers' tentative deal with studios to end strike means, how media stocks will play out, and more.

Persons: What's, Laura Martin, Needham Organizations: Hollywood

☆ US 'disappointed' Solomon Islands leader Sogavare to miss White House summit
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +2 min

Solomon Islands Prime Minister Manasseh Sogavare addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 22, 2023. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsSYDNEY/WASHINGTON, Sept 24 (Reuters) - The U.S. is disappointed Solomon Islands Prime Minister Manasseh Sogavare will not attend a Pacific Islands summit with U.S. President Joe Biden next week, the White House said on Saturday. "We are disappointed that PM Sogavare of the Solomons does not plan to attend," a Biden Administration official said. The Australian broadcaster ABC reported Solomon Islands Foreign Minister Jeremiah Manele will attend the summit instead. The Solomon Islands Prime Ministers Office did not respond to a Reuters request for comment.

Persons: Manasseh Sogavare, Eduardo Munoz, Solomon, Joe Biden, Biden, Jeremiah Manele, Sogavare, Xi Jinping, Sato Kilman, Trevor Hunnicutt, Kirsty Needham, Josie Kao Organizations: Islands, General Assembly, REUTERS, Rights SYDNEY, Solomon Islands, Pacific, White, Biden Administration, ABC, Solomon, Solomon Islands Prime Ministers, United Nations General Assembly, Initiative, Global Security Initiative, Vanuatu, Thomson Locations: New York City, U.S, WASHINGTON, China, Washington, Australian, Solomon Islands, New York, Beijing, Solomon, Sydney

During the three-day meeting, the U.S. will announce diplomatic recognition for two Pacific islands, promise new money for infrastructure, including to improve Internet connectivity via undersea cables, and honor regional leaders at an NFL game. SOME SKIP SUMMITSolomon Islands Prime Minister Manasseh Sogavare, who has deepened his country's ties with China, will skip the summit. The White House in 2022 said the U.S. would invest more than $810 million in expanded programs to aid the Pacific islands. She added that Pacific island countries "welcome the U.S. re-engagement with the region, but don't want geopolitical tussles to result in an escalation of militarization. "Vanuatu Prime Minister Sato Kilman will also not attend the summit, his office told Reuters.

Persons: Manasseh Sogavare, James Marape, David Kabua, Fiame Naomi Mata'afa, Joe Biden, Biden, Washington, Sogavare, Meg Keen, Sato Kilman, Kilman, Ishmael Kalsakau, David Brunnstrom, Trevor Hunnicutt, Kirsty Needham, Don Durfee, David Gregorio Our Organizations: Solomon Islands, Guinea's, Samoa's, U.S ., NFL, White, Coast Guard, Baltimore Ravens, Indianapolis Colts, Solomon, Biden, Pacific, Australia's Lowy Institute, USAID, Vanuatu, Reuters, Thomson Locations: Solomon, Papua, Marshall, U.S, WASHINGTON, Washington, Papua New Guinea, Asia, United States, Cook, Niue, Baltimore, Pacific, China, Beijing, Congress, Australia, The U.S, Vanuatu, Fiji, Kiribati, Hawaii, Palau, Micronesia, Sydney

☆ US 'Disappointed' Solomon Islands Leader Sogavare to Miss White House Summit
▼ + stars: | 2023-09-23 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

SYDNEY/WASHINGTON (Reuters) - The U.S. is disappointed Solomon Islands Prime Minister Manasseh Sogavare will not attend a Pacific Islands summit with U.S. President Joe Biden next week, the White House said on Saturday. Biden will host a second summit with leaders of the Pacific Islands Forum at the White House on Monday as part of his efforts to step up engagement with a region where the U.S. is in a battle for influence with China. "We are disappointed that PM Sogavare of the Solomons does not plan to attend," a Biden Administration official said. The Australian broadcaster ABC reported Solomon Islands Foreign Minister Jeremiah Manele will attend the summit instead. The Solomon Islands Prime Ministers Office did not respond to a Reuters request for comment.

Persons: Solomon, Manasseh Sogavare, Joe Biden, Biden, Jeremiah Manele, Sogavare, Xi Jinping, Sato Kilman, Trevor Hunnicutt, Kirsty Needham, Josie Kao Organizations: SYDNEY, Solomon Islands, Pacific, White, Biden Administration, ABC, Solomon, Solomon Islands Prime Ministers, United Nations General Assembly, Initiative, Global Security Initiative, Vanuatu Locations: WASHINGTON, U.S, China, Washington, Australian, Solomon Islands, New York, Beijing, Solomon, Sydney

☆ Arm and Instacart add to losses after lukewarm analyst reports
▼ + stars: | 2023-09-22 | by ( Noel Randewich | ) www.reuters.com time to read: +2 min

Arm surged on its first day on Wall Street and has fallen every day since then. That followed a Bernstein "underperform" rating with a $46 price target earlier this week, and a "hold" assigned to Arm by Needham and Company on Sept. 16. Neutral and negative stock ratings are much less common on Wall Street than "buy" recommendations or other positive ratings. Still, the marketing automation firm's stock remains above the $30 IPO price. The declines in Arm, Instacart and Klaviyo on Friday were in contrast to a 0.3% gain in the Nasdaq (.IXIC).

Persons: Dado Ruvic, Jake Fuller, Instacart, Bernstein, Klaviyo, Noel Randewich, Lance Tupper, Kirsten Donovan Organizations: REUTERS, Arm Holdings, Uber Technologies, Susquehanna, Needham, Company, Nasdaq, Thomson Locations: Klaviyo

People gather ahead of the "Festival of Fantasy" parade at the Walt Disney World Magic Kingdom theme park in Orlando, Florida, U.S. July 30, 2022. REUTERS/Octavio Jones Acquire Licensing RightsSept 20 (Reuters) - Walt Disney's (DIS.N) $60 billion spending plan on parks and cruises to stay ahead of growing competition has worried some Wall Street analysts with its long road to payoff. "Expanding parks and cruises tends to be a multi year undertaking as a result of which, revenue and margin acceleration lags the investment cycle," Barclays analysts said. The bump in parks spending also follows a quiet period for the business during the pandemic in 2020 and 2021, when the spread of COVID-19 forced park closures and hit attendance. That led Needham analysts to warn Disney could be basing its decision on "unsustainable and elevated profit margins."

Persons: Octavio Jones, Walt Disney's, Needham, Samrhitha Arunasalam, Aditya Soni, Anil D'Silva Organizations: Walt Disney, REUTERS, Wall Street, Walt Disney World, Netflix, Barclays, Analysts, ABC, Comcast, Disney, Nintendo, Thomson Locations: Orlando , Florida, U.S, Hulu, COVID, California, Florida, Bengaluru

REUTERS/Alkis Konstantinidis/File Photo Acquire Licensing RightsWASHINGTON/SYDNEY, Sept 20 (Reuters) - A cross-party delegation of Australian lawmakers that traveled to the United States seeking the release of WikiLeaks founder Julian Assange said they had a productive discussion in Washington with the U.S. Justice Department. The group of Australian lawmakers urged U.S. officials to drop their attempts to extradite Assange from a British prison to the United States, where he is wanted on charges over WikiLeaks' release of confidential U.S. military records and diplomatic cables. "We had a fair hearing and we had a productive discussion," Australian Senator Peter Whish-Wilson said after the meeting. The delegation included lawmakers from the Labor government, the opposition Liberal and National parties, and the Greens. Labor Member of Parliament Tony Zappia said Australians believed Assange, an Australian citizen, had been punished enough and that his charges should be dropped.

Persons: Julian Assange, Alkis, Assange, Peter Whish, Wilson, Tony Zappia, Zappia, Assange's, Anthony Albanese, May, Albanese, Penny Wong, Kanishka Singh, Kirsty Needham, Stephen Coates, Michael Perry Organizations: WikiLeaks, REUTERS, WASHINGTON, U.S . Justice Department, U.S, Labor, Liberal, National, Greens . Labor, Department of Justice, Justice Department, Australian, United Nations General Assembly, Thomson Locations: Britain, U.S, Athens, Greece, SYDNEY, United States, Washington, Australian, Afghanistan, Iraq, Australia, New York, Sydney

☆ Disney CEO says company will 'quiet the noise' in culture wars -analyst
▼ + stars: | 2023-09-20 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +3 min

[1/2] Items with a rainbow-coloured design are seen in a Pride section of a gift shop at the Walt Disney World Magic Kingdom theme park in Orlando, Florida, U.S. July 30, 2022. REUTERS/Octavio Jones/File Photo Acquire Licensing RightsSept 20 (Reuters) - Walt Disney (DIS.N) CEO Bob Iger told investors the company will "quiet the noise" in a culture war that has pitted social conservatives against the global media and entertainment conglomerate, according to an analyst note on Wednesday. Iger previously said the company planned to spend $17 billion in investment at Walt Disney World over the next 10 years. At the time, Iger was responding to an investor who said the company was becoming too concerned with social issues. “Our primary mission needs to be to entertain ... and to have a positive impact on the world,” Iger said at the time.

Persons: Octavio Jones, Walt Disney, Bob Iger, Laura Martin, Disney, Wall, Ron DeSantis, “, Iger, Halle, Ariel, ” Iger, Dawn Chmielewski, Marguerita Choy Organizations: Walt Disney, REUTERS, Needham, Walt Disney World, Disney, ESPN, Central, Universal Orlando, Parks, Pixar Animation, Thomson Locations: Orlando , Florida, U.S, Florida, Central Florida, Halle Bailey, Los Angeles

☆ Here are Wednesday's biggest analyst calls: Apple, IBM, Disney, Amazon, Instacart, Nike, Boeing and more
▼ + stars: | 2023-09-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are the biggest calls on Wall Street on Wednesday: Morgan Stanley reiterates Apple as overweight Morgan Stanley said its iPhone survey checks show that China is a "bright spot." Needham initiates On Holding as buy Needham said the shoe manufacturer is one of the "fastest growth stories" in retail. Needham initiates Lululemon as buy Needham said in its initiation of Lululemon that it has "superior growth characteristics." Morgan Stanley downgrades Zebra Holdings to underweight from equal weight Morgan Stanley said the turnaround is taking longer than expected for the computer printing tech company. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said Amazon's Tuesday announcement of seasonal hires is a "bullish leading indicator for expected continued retail share gains."

Persons: Morgan Stanley, Apple, Needham, Lululemon, Oppenheimer, Chewy, Bernstein, SVB, Jefferies, Instacart, Rosenblatt, Sonos, Goldman Sachs, Morgan Stanley downgrades nCino, it's, D.A, Davidson, Wedbush Organizations: Apple, UBS, Nike, Microsoft, RBC, IBM, JPMorgan downgrades, JPMorgan, Boeing, Citi, Citizens, FDIC, Health, America, Azul, Holdings, UW, " Bank of America, Disney, Bank of America, DIS Locations: China, SVB, U.S, Germany, Great Britain, France

☆ Instacart's 11% plunge on second day of trading wipes out almost all of its IPO gains
▼ + stars: | 2023-09-20 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Instacart shares slumped nearly 11% in their second day of trading Wednesday, continuing a slide that began immediately after the stock hit the Nasdaq on Tuesday, and leaving it narrowly above its initial public offering price. On Monday, Instacart sold shares in its long-awaited IPO at $30 apiece. Trading under ticker symbol CART , the stock popped 40% to open at $42, but then sold off throughout the day to close at $33.70. Instacart's offering helped reignite a sleepy IPO market, which has been mostly closed since late 2021 as companies were plagued by inflationary pressures and rising interest rates. Analysts at Needham issued a hold rating on Instacart's stock in a Tuesday note.

Persons: Instacart, Uber, Gene Munster, CNBC's, Munster, it's, Needham Organizations: Nasdaq, Deepwater Asset Management

☆ Stocks making the biggest moves midday: Instacart, Steelcase, Klaviyo and more
▼ + stars: | 2023-09-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Klaviyo — Klaviyo shares jumped more than 9% after the marketing automation company surged to $36.75 after its New York Stock Exchange initial public offering. Stellantis — Shares rose about 1.7% after sales in Europe of brands such as Peugeot and Opel surged more than 6% in August. On Holding — The shoe stock rose finished lower ever after Needham initiated coverage with a buy rating. Lululemon — The athleisure clothing company rose nearly 2% after Needham initiated coverage with a buy rating, saying it expects double-digit top-line growth as accelerating technical innovation drives demand. Davidson initiated coverage on the stock at a buy.

Persons: Instacart, Steelcase, Jefferies, Davidson, Mills, Coty, Morgan Stanley, Chewy, Oppenheimer, Needham, Goldman Sachs, Azul, it's, —, Alex Harring, Hakyung Kim, Jesse Pound, Michelle Fox, Sarah Min, Yun Li, Lisa Kailai Han Organizations: Nasdaq, New York Stock Exchange, Bausch Health, —, Health, Peugeot, Opel, Chrysler, United Auto Workers, Citi, D.A, LSEG, Coty, Technologies, Textron — Textron, Berkshire Hathaway, Cessna Citation, Azul, JPMorgan, First, Bank Locations: Europe, U.S

☆ Needham says don't chase Instacart, it's in for a tough next few years
▼ + stars: | 2023-09-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

It may be too early for investors to start checking out shares of Instacart , according to Needham. Analyst Bernie McTernan initiated coverage of the grocery delivery company with a hold rating, citing concerns over rising competition and slowing penetration in a Tuesday note to clients. The commentary from Needham follows Instacart's closely watched Nasdaq debut . CART 1D mountain Share performance since IPO Instacart triumphed during Covid-19 pandemic shutdowns, which pushed more consumers toward online grocery delivery. The trend boosted the company's compound annual growth rate nearly 130% between 2019 and 2022, with Instacart expected to post more than $1 billion in adjusted EBITDA in 2023, according to Needham.

Persons: Needham, Bernie McTernan, Instacart's, Instacart, McTernan, — CNBC's Michael Bloom Organizations: Nasdaq, Walmart Locations: Instacart, Needham, Amazon

With short sellers looking to profit from the stock, it closed at $55.17 after touching a high of $69 on Friday. Arm shares underperformed the Philadelphia semiconductor index (.SOX), which closed down 0.96% on Tuesday as rising bond yields weighed on growth sectors such as technology. Short sellers need to borrow a stock to short it, and the relationship between shares on loan and shorted is normally quite close, according to Ortex. By comparison, Tesla (TSLA.O), a stock with a similar percentage of shorted shares, has a cost to borrow at 0.48%, Ortex said. Arm's higher cost to borrow "can be an indication that the demand to borrow, and short, the stock is high," Hillerberg said.

Persons: Dado Ruvic, Daniel Morgan, Morgan, Thomas Martin, Ortex, Peter Hillerberg, Hillerberg, Needham, Lewis Krauskopf, Sinéad Carew, Lisa Bernhard, Mark Potter, Matthew Lewis Organizations: REUTERS, Arm Holdings, ARM, Nvidia, GLOBALT Investments, Bernstein, underwriters, Klaviyo Inc, Thomson Locations: Philadelphia, Atlanta, New York

☆ Australia boosts maritime surveillance with drones, aircraft upgrades
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

A U.S. Navy P-8 Poseidon aircraft takes off from Perth International Airport, April 16, 2014. REUTERS/Greg Wood/Pool/File Photo Acquire Licensing RightsSYDNEY, Sept 19 (Reuters) - Australia will spend A$1.5 billion ($966 million) to boost maritime surveillance of its northern approaches, buying more long range drone aircraft and upgrading Poseidon maritime patrol aircraft. The fleet of 14 Boeing (BA.N) P-8A Poseidon Maritime Patrol aircraft will have anti-submarine warfare, maritime strike and intelligence collection capabilities upgraded, Minister for Defence Industry Pat Conroy said in a statement on Tuesday. The Triton will provide long-range surveillance of Australia's maritime region, the statement said. Conroy said the Poseidon aircraft upgrades will strengthen the protection of Australian "maritime interests".

Persons: Greg Wood, Defence Industry Pat Conroy, , Conroy, Kirsty Needham, Lincoln Organizations: U.S . Navy, Perth International Airport, REUTERS, Rights, Boeing, Poseidon Maritime Patrol, Defence Industry, Northrop Grumman, Triton, United States Navy, Defence, U.S, Australian Poseidon, United Nations Security, Thomson Locations: Australia, Australia's Northern Territory, Asia, South Australia, United States, Pacific, China, Australian, South China, North Korea

☆ As Hollywood strikes press on, Wall Street weighs in on the outlook for TV, streaming stocks
▼ + stars: | 2023-09-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +10 min

At the same time, legacy media companies face off against another well-known demon: cord-cutting. Technology companies such as Apple and Amazon can lean on their respective hardware and e-commerce businesses, said Paul Fanelli, a research analyst at Gabelli Funds. Even so, Wall Street sees only a handful of pure-play winners in the TV and streaming space winning consumer attention over the long run. Already, the technology companies have shown some promise. Consumers are increasingly forgoing pay TV packages from cable companies and opting for bundles from companies like Alphabet, he said.

Persons: Rosenblatt, Barton Crockett, It's, Netflix's, Ken Leon, Hollywood's, Leon, Jamie Lumley, Paul Fanelli, it's, Apple's, Amazon's, That's, Needham, Laura Martin, Martin, —, John Hodulik, CNBC's, bode, Crockett, NBCUniversal's Peacock, Brandon Nispel, Nispel, Disney's hasn't, Fanelli, that's Organizations: Netflix, Apple, Paramount, Sky, Third, Gabelli, Warner, UBS, ESPN, Fox, NFL, Hulu, YouTube, KeyBanc, Comcast, Disney, Warner Bros, Max, DIS, Rosenblatt, ABC, Nexstar, CNBC Locations: France, United Kingdom

☆ Former Pacific leaders hope Australians 'find conscience' to pass First Nations referendum
▼ + stars: | 2023-09-19 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

Passing the referendum should be a "first step" towards a treaty with First Nations people, they added. It has also pointed to historical trade by the country's First Nations people with Pacific Islands as a basis for strong modern ties, amid competition for influence with China. He added that whatever the outcome, his work would continue to highlight that Australia's First Nations people had been linked by trade to the Pacific Islands for centuries. Indigenous Australians, who account for 3.8% of the population, face disadvantages including discrimination, poor health and education outcomes and high incarceration rates. Some Indigenous Australians want stronger action, including a treaty with the government.

Persons: Rita Wright, Loren Elliott, Anote Tong, Tommy Remengesau, Hilda Cathy Heine, Anthony Albanese's, Justin Mohamed, Julie Bishop, Kirsty Needham, Edwina Gibbs Organizations: Australian, REUTERS, Rights, Former Pacific Islands, First Nations, Kiribati, Marshall, Pacific Elders Voice, Reuters, Aboriginal, Torres Strait, Nations, Vanuatu, VBTC, Thomson Locations: Sydney, Australia, Palau, Pacific, China, Islands

☆ Stocks making the biggest moves midday: Marathon Petroleum, Tesla, Moderna and more
▼ + stars: | 2023-09-18 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Moderna — The pharmaceutical company lost more than 8% Monday, making it the biggest decliner in the S&P 500. Enphase Energy — Shares lost 2.6% after Citi lowered its price target on shares to $170 from $209 while keeping its buy rating. The new price target implies 41% upside from Friday's close. Analyst Chris Quintero highlighted the growth opportunity for the company following a strong investment cycle. The investment bank bumped up the stock's price target to $40 from $37, citing Simply Good Foods' diverse product offering and shifting consumer preferences to healthier choices as catalysts.

Persons: Bernstein, Needham, Noubar Afeyan, Moderna's, Goldman Sachs, Mark Delaney, PayP, Ralph Lauren —, Ralph Lauren's, TD Cowen, Cowen, Tenable, Morgan Stanley, Chris Quintero, Raymond James, ASGN, Wells Fargo, —, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: — Petroleum refiners Valero Energy, Marathon Petroleum, West Texas Intermediate, Brent, Energy, Arm, Nasdaq, Securities and Exchange Commission, Pharmaceutical, Pfizer, U.S, Tesla, PayPal, MoffetNathanson, Guggenheim, Enphase Energy, Citi, Tenable Holdings, Mizuho, Aldi, Lowe's, Micron Technology, Deutsche Bank, Paramount, Disney, Warner Bros Discovery, Iridium Communications, Iridium Locations: Valero Houston, Houston , Texas, U.S

☆ Former Pacific Leaders Hope Australians 'Find Conscience' to Pass First Nations Referendum
▼ + stars: | 2023-09-18 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +3 min

Persons: Kirsty Needham SYDNEY, Anote Tong, Tommy Remengesau, Hilda Cathy Heine, Anthony Albanese's, Justin Mohamed, Julie Bishop, Kirsty Needham, Edwina Gibbs Organizations: Former Pacific Islands, First Nations, Kiribati, Marshall, Pacific Elders Voice, Reuters, Aboriginal, Torres Strait, Nations, Vanuatu, VBTC Locations: Palau, Australia, Pacific, China, Islands

☆ Arm valuation already 'looks full' after IPO, Needham says
▼ + stars: | 2023-09-15 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Arm Holdings stock may be fully valued after going public, according to Needham. Arm stock climbed as much as 25% after its initial public offering on Thursday , which valued the company at roughly $60 billion. ARM 5D mountain Arm Holdings stock. But analyst Charles Shi says the blowout IPO signals that the "valuation looks full for Arm in a post-smartphone era." "We think Arm can grow by capturing greater value from smartphones, but not enough to support upside from the stock's IPO valuation."

Persons: Charles Shi, Shi, Michael Bloom Organizations: Arm Holdings, ARM, Holdings Locations: Needham

☆ Here are Friday's biggest analyst calls: Apple, GM, Amazon, Zoom, Arm, Rivian, Ford, Deere & more
▼ + stars: | 2023-09-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

HSBC initiates Zoom as buy HSBC said Zoom is the leader in video conferencing. HSBC initiates Deere as buy HSBC said in its initiation of Deere that it sees "upside in the cycle." HSBC initiates Salesforce as buy HSBC said in its initiation of the stock that it's a "margin expansion story." HSBC initiates Snowflake as buy HSBC said Snowflake is well positioned for AI. HSBC initiates Oracle a buy HSBC said in its initiation of Oracle it likes the company's cloud platform.

Persons: Morgan Stanley, Rivian, it's, TD Cowen, Needham, Piper Sandler, Piper, KEY's, Lauder, Redburn, Wolfe, Goldman Sachs, Goldman, Casella, Zoom, Snowflake, Northcoast, Apple, Salesforce, Ford Organizations: Bank of America, underperform Bank of America, HSBC, Anheuser, Busch InBev, UBS, WWE, UFC, Systems, Moffett, Deere, Oracle, of America, Amazon, Apple, Lenovo, Adobe, General Motors, Ford, GM, UAW Locations: Americas, 2H23, North America, U.S, China

☆ Stocks making the biggest moves premarket: Arm Holdings, GM, Ford, Adobe and more
▼ + stars: | 2023-09-15 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

General Motors assembly workers picket outside the General Motors Bowling Green plant during the United Auto Workers national strike in Bowling Green, Kentucky, October 10, 2019. Apellis Pharmaceuticals — The biopharmaceutical company climbed 3.5% before the open after Wells Fargo upgraded to overweight from equal weight. General Motors , Ford , Stellantis — GM and Ford fell less than 1% and Stellantis rose less than 1% after the United Auto Workers went on strike Thursday night. DoorDash — Shares of the food delivery company slid almost 3% premarket after MoffettNathanson downgraded DoorDash to market perform from outperform. Adobe — Shares fell 3.4% on the back of the company's fiscal third-quarter earnings report Thursday.

Persons: —, Piper Sandler, Piper, Morgan Stanley, Wells, Apellis, Stellantis, MoffettNathanson, Needham, Goldman Sachs, — CNBC's Brian Evans, Michelle Fox, Alex Harring, Hakyung Kim, Tanaya Macheel, Jesse Pound, Pia Singh Organizations: Motors, General Motors, United Auto Workers national, Pharmaceuticals, Ford, United Auto Workers, Unity, Bank of America, Arm, Nasdaq, JPMorgan, LSEG Locations: Bowling Green , Kentucky, — The Cleveland, DoorDash, British

☆ Stocks making the biggest moves midday: General Motors, Stellantis, Planet Fitness, Adobe and more
▼ + stars: | 2023-09-15 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Nucor — The steelmaker fell 6.1% after offering worse-than-expected guidance for third-quarter earnings, with the company pointing to pricing and volume challenges. Core & Main — The infrastructure stock retreated 4.1% a day after it announced a secondary stock offering. The bank said Apellis has a favorable risk/reward ahead of third-quarter earnings. The Wall Street firm said the resumption of loan repayments introduce bookings risk to food delivery. The Wall Street firm said its pessimistic outlook was changing despite recent underperformance in the reinsurance space.

Persons: Stellantis, Chris Rondeau, Rondeau, Craig Benson, Nucor, Raymond James, Needham, Charles Shi, Lam, Goldman Sachs, Apellis, MoffettNathanson, Estée Lauder, Goldman, Yun Li, Jesse Pound, Samantha Subin, Pia Singh, Brian Evans, Lisa Kailai Han Organizations: UAW, General Motors Wentzville, General Motors, Ford, United Auto Workers began, Workers, CNBC, LSEG, PTC Therapeutics, Medicines Agency's, Medicinal Products, Arm, Investment, Bloomberg News, Apple, Dexcom, ASML Holding, Lam Research, Taiwan Semiconductor, Adobe, Bank of America, JPMorgan, Apellis Pharmaceuticals, Waste Systems Locations: Wentzville , Missouri, New Hampshire, Wells, underperform

☆ Top Wall Street analysts say these stocks have the best growth prospects
▼ + stars: | 2023-09-15 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are five such stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Further, the company continues to invest in AI and sees huge growth potential for its AI-powered features. The analyst noted that the company achieved strong growth in new products under its Identity, Cloud, and LogScale Security Information and Event Management (SIEM) offerings. Nevertheless, he feels that this pullback has created an attractive opportunity to buy CMG stock based on multiple positive catalysts that could emerge in the months ahead. Tarantino reaffirmed a buy rating on CMG stock with a price target of $2,400.

Persons: Wall, TD Cowen, Shaul Eyal, Zscaler, Eyal, Needham, Alex Henderson, Henderson, TipRanks, Baird, David Tarantino, Tarantino, LULU, Robert Drbul, Lulu, Drbul Organizations: Nasdaq, Investments, CrowdStrike, Security, Management, Charlotte, Microsoft, Grill, Lululemon Athletic, Guggenheim, Acushnet Locations: cybersecurity, Mexican, North America, China, Greater China

Arm executives and CEO Rene Haas gather outside Nasdaq Market site, as Softbank's Arm, chip design firm, holds an initial public offering (IPO), in New York, U.S., September 14, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 15 (Reuters) - Shares of SoftBank's Arm Holdings closed a volatile session lower on Friday, a day after a stellar Nasdaq debut that valued the British chip designer at $65 billion. The stock fell 4.5% to end at $60.75, after trading as high as $69 earlier in the session. The Nasdaq (.IXIC) was down 1.6% and the S&P 500 (.SPX) fell 1.2%, while an index of semiconductors (.SOX) sank 3%. Analysts said further trading volatility in Arm may be seen if the company draws more interest from AI-focused retail investors.

Persons: Rene Haas, Brendan McDermid, chipmakers, Arm's, Randy Frederick, Charles Schwab, Rick Meckler, Sophie Lund, Yates, Hargreaves Lansdown, Financials, Michael Ashley Schulman, Needham, Manya Saini, Caroline Valetkevitch, Saqib Iqbal Ahmed, Niket Nishant, Arun Koyyur, Grant McCool Organizations: Nasdaq, REUTERS, Arm Holdings, Major U.S, Cherry Lane Investments, Analysts, Graphics Arm, Running, Capital Advisors, Nvidia, Reuters Graphics, Thomson Locations: New York, U.S, British, Austin , Texas, New Vernon , New Jersey, Bengaluru

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