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☆ Verizon Adds Subscribers as Earnings Guidance Falls Short of Forecasts
▼ + stars: | 2023-01-24 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Verizon expects 2023 adjusted earnings of $4.55 to $4.85 a share, below Wall Street expectations of $4.96 a share. Verizon Communications Inc. posted higher revenue for the recently ended quarter as the company added to its industry-leading base of subscribers. Verizon reported a net gain of 217,000 phone connections under postpaid billing plans during the December quarter, excluding the impact from the decommissioning of the company’s 3G network. The gains marked a reacceleration of growth in the company’s consumer-focused unit, which Chief Executive Hans Vestberg took over last month.

☆ Wall Street is excited about Chinese tech — and loves one mega-cap stock in particular
▼ + stars: | 2023-01-24 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

A growing number of positive analyst calls has reinforced optimism in the sector, with recent share price gains reflecting renewed interest. How is Wall Street playing the resurgence in Chinese tech? Morgan Stanley too, has named Alibaba its "top pick" in the Chinese tech sector — for the first time in three years. Cohen is reported to have told Alibaba executives that he thought the company could reach double-digit sales growth and nearly 20% free cashflow growth over the coming five years. He said he would "not be surprised" to see Alibaba's share price rise to $140 to $150 — a "significant amount of upside" from current levels.

☆ Morgan Stanley says China's market will be the biggest winner in 2023 and these stocks stand out
▼ + stars: | 2023-01-20 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Since the turn of the year, investment banks have become increasingly bullish on the world's second-largest economy, upgrading their outlook on its stocks. But Morgan Stanley is going even further: It's predicting that Chinese stocks will beat global markets this year. "This actually implies that the Chinese equity market will top global equity market performance for 2023. So, this is the time to get back into China," Wang said. Stock picks Wang said the "number one trade" she would recommend to investors is to buy "large-cap, highly liquid" Chinese internet names.

☆ Morgan Stanley downgrades Roblox, says it's time to sell the video game stock
▼ + stars: | 2023-01-19 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to get out of Roblox following its strong December report, according to Morgan Stanley. Analyst Matthew Cost downgraded shares of the gaming company to underweight from equal weight, saying upside is limited from here after the stock's recent outperformance. Roblox shares may be surging to start 2023, but they took a beating last year, closing down about 72% in 2022. The analyst expects slower growth to start in the second half of 2023. While Roblox expects that immersive advertising will be a key growth driver in 2023, the analyst expects the rollout will be too slow to support the stock.

☆ Here are Thursday's biggest analyst calls: Netflix, Meta, Apple, Tesla, Charles Schwab, Roblox, Amazon & more
▼ + stars: | 2023-01-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Bank of America downgrades Charles Schwab to underperform from buy Bank of America said in its double downgrade of Schwab that the Fed will stop hiking this summer, "removing a powerful near-term profit driver." Wells Fargo names Meta, Amazon and Alphabet top 2023 picks Wells says Meta, Amazon and Alphabet have "solid fundamentals" and should outperform in 2023. Deutsche Bank reiterates Tesla as buy Deutsche said the automaker could be a top performer in 2023. JPMorgan names Meta a top pick into earnings JPMorgan said Meta is well positioned into earnings next week. Bank of America reiterates Disney as buy Bank of America said the return of Bob Iger has been a boost to investor sentiment and that selling ESPN is not a slam dunk.

☆ Roblox Shares Rise as More Users Log On
▼ + stars: | 2023-01-18 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Roblox Corp. reported a reacceleration in daily active users for December after a lull in growth last year, sending shares higher. Roblox, which operates a metaverse-like realm, or a virtual place where people play and make transactions, benefited from a growth spurt earlier in the pandemic as children turned to the platform to socialize as schools were closed. Like other tech companies that got a boost from pandemic trends, Roblox’s fortunes reversed last year as the effects of the pandemic faded.

☆ Morgan Stanley says these attractive stocks have the best risk-reward for 2023
▼ + stars: | 2023-01-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

They include Dick's Sporting Goods, Verizon , Alibaba, Constellation Brands and Sealed Air. Dick's Sporting Goods It's been an "Olympic transformation" for the sporting goods retailer, according to analyst Simeon Gutman. Dick's Sporting Goods made pre-pandemic structural changes that leaves the company with a "faster-growing & more profitable business," Gutman added. Meanwhile, he said the retailer's customers have gotten wealthier and the sporting goods category has room for growth. Sealed Air The maker of bubble wrap and other packaging products is firing on all cylinders, according to analyst Angel Castillo and his team.

☆ Morgan Stanley names its top pick in Chinese tech — and gives it over 70% upside
▼ + stars: | 2023-01-12 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

Several investment banks have become more bullish on China's tech sector in recent weeks — and Morgan Stanley's one of them . The investment bank has named Alibaba its "top pick" in the Chinese tech sector — for the first time in three years. Alibaba is also well placed to benefit from a consumption recovery in China and continued operational efficiency improvement across segments, according to Morgan Stanley. Morgan Stanley sees more upside for Alibaba when it comes to earnings, forecasting earnings before interest, taxes, depreciation and amortization (EBITDA) growth of 18% into 2026. Morgan Stanley has a base case price target of $150 on Alibaba, and an upside to $200 per share in a bull case.

☆ Evercore ISI's top picks for 2023 include a tech comeback story and a car racing play
▼ + stars: | 2023-01-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Finding opportunities amid the market volatility is "mission critical," and there are several to be had this year, according to Evercore ISI. The Wall Street firm is predicting an economic and earnings recession, catalyzing a "cathartic" volatility spike in 2023. "Alpha opportunities are surfacing in 2022's wreckage from inflation's breakout resulting in record tightening, catalyzing a stock/bond correlated decline. With that in mind, Evercore came up with its top stock picks for 2023. The streaming company should enjoy a comeback this year, after losing 51% in 2022, according to analyst Mark Mahaney.

☆ Wall Street analyst calls on Thursday including Tesla & Amazon
▼ + stars: | 2023-01-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Barclays names Starbucks a top 2023 pick Barclays said the coffee giant is a "best-in-class" stock for 2023. UBS names Chipotle a top 2023 pick UBS said the Mexican chain restaurant is defensive in a "tough macro." Bank of America downgrades PNC to underperform from neutral Bank of America said shares of PNC are trading at a premium. Bank of America downgrades Ally Financial to underperform from buy Bank of America said Ally is most exposed to auto loans. Bank of America reiterates Amazon as buy Bank of America said Amazon layoffs are "not a positive signal, but good for sentiment."

☆ A notorious market bear who called the dot-com bubble warns stocks are still as overvalued as they were in 1929 and 2000, setting up the S&P 500 for a 'far deeper retreat' and a decade of negative ret
▼ + stars: | 2022-12-24 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

John Hussman expects a "far deeper retreat" in stocks, despite the S&P 500's 20% loss in 2022. The 20% loss the S&P 500 has suffered this year has most investors searching for a bottom. "Though recent market losses have removed the most extreme speculative froth, our most reliable valuation measures remain near their 1929 and 2000 extremes." He also said he expects -6% returns over the next 10-12 years for the S&P 500. The chart below shows actual market returns (vertical axis) over 12 years when considering market capitalization of non-financial stock-to-gross value added valuations.

☆ Risks of a recession in 2023 are growing as the Federal Reserve continues to tighten policy. 4 Wall Street banks share how far stocks will fall if that happens — and when the market will bottom.
▼ + stars: | 2022-12-17 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

The Consumer Price Index was 7.1% in November, and the Fed brought the fed funds rate ceiling up to 4.5% this week. Below we've compiled what four major Wall Street banks believe stocks will do if a recession plays out. UBSUBS economists are predicting a recession starting in Q2 2023, and the bank's Chief US Equity Strategist Keith Parker therefore sees a hit to earnings ahead. Goldman SachsGoldman Sachs economists, meanwhile, see a soft landing as the most likely scenario for the US economy in 2023. Goldman SachsBank of AmericaBank of America's economists see a recession in the first half of 2023.

☆ Top tech analyst Mark Mahaney gives his best 2023 internet stock comeback plays
▼ + stars: | 2022-12-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Despite a painful year for internet stocks, opportunities in the beaten-up sector are plentiful for investors positioning for a recovery, according to top tech analyst Mark Mahaney. Similarly, Mahaney views the company's cheaper ad-supported tier as a slightly recession-protective offering that can also drive a reacceleration in revenue growth. Heading into the new year, Mahaney also likes Uber , with the firm's price target suggesting shares can nearly triple from Friday's close. Mahaney also named Booking Holdings among his top internet picks, highlighting the company's roughly $1.1 trillion total addressable market opportunity and "asset-light" business model. Booking shares have tumbled about 16% this year.

☆ Bank of America says these stocks have the most 'potential upside' this holiday season
▼ + stars: | 2022-12-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Analysts at Bank of America named five stocks this week that they say every investor must own heading into 2023. CNBC Pro combed through Bank of America research looking for stocks with major upside potential. Netflix Shares of Netflix are down 46.8% this year, but analyst Jessica Reif Ehrlich is standing by the streaming giant. Kroger Kroger shares have gained nearly 2.6% this year, but the stock has a lot more room to run, according to analyst Robert Ohmes. ... We rate Solo Brands' shares Buy as we believe its unique platform strategy should enable its high growth Leisure brands."

☆ Top tech analyst Mahaney says sell-off has gone too far — 7 dramatically cheap stocks he likes
▼ + stars: | 2022-11-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

The SPDR S & P Internet ETF has lost more than 50% year to date amid rising inflation and higher interest rates. The major correction in internet sector multiples occurred in 2021 and the first half of 2022, but those multiples have stabilized over the last several months, said Evercore ISI analyst Mark Mahaney. Meta and Spotify Technology are both trading 65% below their pre-Covid average multiples, according to Evercore ISI. His top mega-cap internet stock is Netflix , which is trading 31% below its pre-Covid average multiple. Its core subscription business can also return to growth, Mahaney said.

☆ Morgan Stanley strategist who nailed 2022 gives his outlook for the new year
▼ + stars: | 2022-11-14 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

The stock market is likely to make new lows early in 2023 before building momentum in the second half of the year, according to Morgan Stanley chief U.S. equity strategist Mike Wilson. We remain highly convicted that 2023 bottom up consensus earnings are materially too high," Morgan Stanley said in a U.S. Equities Outlook for next year. The 2023 year-end target of 3,900 is less than 1% below where the S & P 500 closed on Friday. Once the market has come to grips with lower corporate earnings, stocks could then see a sustained rally, Wilson said. The strategist said investors should look to play defense in the near future as the recent market rally rolls over.

☆ Here are Friday's biggest analyst calls: Apple, Amazon, Costco, Ford, Meta, McDonald's & more
▼ + stars: | 2022-10-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Goldman Sachs reiterates Amazon as buy Goldman said it's standing by shares of Amazon after its "mixed" earnings report on Thursday. Morgan Stanley reiterates Apple as overweight Morgan Stanley says Apple is still "best of breed" after its earnings report on Thursday. Morgan Stanley reiterates Ford as overweight Morgan Stanley says it likes Ford more as a "restructuring play" than as a way to play the electric vehicle sector. Morgan Stanley reiterates Costco as overweight Morgan Stanley says the stock is defensive and in "rare air." Morgan Stanley reiterates McDonald's as overweight Morgan Stanley said the fast food giant is a must-own "in these times" after its earnings report on Thursday.

☆ Microsoft shares sink more than 8% on weak guidance, but analysts bullish on rebound
▼ + stars: | 2022-10-26 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Shares of Microsoft dropped as much as 8% early Wednesday, a day after the company released its fiscal first-quarter earnings. Microsoft surpassed expectations on the top and bottom lines, but the stock was pressured by weak guidance and cloud revenue that missed expectations. CEO Satya Nadella said on a conference call with analysts that cyclical trends are affecting Microsoft's consumer business. Analysts at Morgan Stanley also remain confident in Microsoft's growth potential despite its weak cyclical areas and guidance. Microsoft shares have fallen about 25% so far this year, while the S&P 500 stock index is down 19% over the same period.

☆ The sell-off in Chinese stocks is 'disconnected from fundamentals' and presents an opportunity to investors, JPMorgan's Marko Kolanovic says
▼ + stars: | 2022-10-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

JPMorgan's Marko Kolanovic called the Chinese sell-off "disconnected from fundamentals." "We believe this is a good opportunity to add given an expected growth recovery," he said. But JPMorgan chief global markets strategist Marko Kolanovic is unfazed by Monday's decline, calling the sell-off "disconnected from fundamentals" and a buying opportunity for investors in a Monday note. He is ultimately betting that the Chinese economy will experience a recovery in growth as the COVID-19 pandemic begins to fade. We believe this is a good opportunity to add given an expected growth recovery, gradual COVID reopening, and monetary and fiscal stimulus," he said.

☆ Evercore ISI's Mark Mahaney says tech earnings won't be as bad as feared, and names his top three mega-cap picks
▼ + stars: | 2022-10-12 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Evercore ISI's Mark Mahaney said he expects tech earnings during the third-quarter reporting season will not be as bad as feared, and has three top stock picks for investors. The tech analyst named Meta, Amazon and Netflix as his top three picks, saying the beleaguered Internet stocks look attractive after the companies undertook cost-cutting measures last quarter, according to a Tuesday note from Evercore. We've had very high skew towards negative the last three quarters," Mahaney said during a Thursday appearance on CNBC's "Tech Check." 2 mega-cap tech pick, is starting to improve margins and accelerate revenue growth, which Mahaney said could indicate that the stock could rerate higher, or achieve a higher P/E multiple. "We believe NFLX's ad-supported and password-sharing revenue opportunities constitute Growth Curve Initiatives (GCIs) – catalysts that can drive a material reacceleration in revenue growth.

☆ What Cramer is watching Wednesday — bonds crush us, J&J sets $5 billion buyback, Starbucks raises
▼ + stars: | 2022-09-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding Johnson & Johnson (JNJ) announces a $5 billion buyback and affirms adjusted operational EPS of $10.70, or 9.2% growth, for the full year. Club holding Starbucks (SBUX) raises guidance significantly, high single-digit earnings per share and double-digit revenues. Club holding Costco' s (COST) Kirkland doing well by the way but so are branded. Club holding Apple (AAPL) back on its ramp? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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