Datasets:

KrossKinetic

/

SP500-Financial-News-Articles-Time-Series

like 1

https://www.cnbc.com/id/46384782

RL

Ralph Lauren Corporation

Trade Strategies as Stocks Struggle Near Key S&P Levels

Instant Insights with the Fast Money traders Joe Terranova says on a day when most stocks are in the red, is a good time to check out what’s green. “Look for what’s moving higher,” he says. “Hewlett Packard looks interesting to me right here.” Trader Simon Baker suggests using the pullback to reload on momentum trades. “It’s a momentum market and the danger is to not participate,” he says, “but have strategies in place just in case.” Trader Stephen Weiss thinks the pause in the market is a sign that the environment is transitioning away from momentum and toward individual names. If you’re looking for a long trade, he says “Play with quality names – like JPMorgan – multiples are still dirt cheap.” And if you’re a nimble trader, he suggests short positions in BTU and MT . “The fundamentals don’t support the move in these stocks.” Trader Zach Karabell thinks investors should be opportunistic. “I suggesting going into areas of the market that you think have been beaten down," he says. If you're looking for an idea, Karabell tells us that he likes playing the growing global demand for water with Xylem and/or the water ETF CGW . "These plays have potential tailwinds winds long-term," he says. ---------------------------------------------------------- NEW FEATURE: We're trying out a new feature just for history buffs. Wall Street History - How Wall Street Got Its Name -Click here to check it out ---------------------------------------------------------- ______________________________________________________ Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com. Trader disclosure: On Feb. 14, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Terranova is long VRTS; Terranova is long LQD; Terranova is long SWN; Terranova is long CSCO; Terranova is long TBT; Terranova is long SBUX; Terranova is long FXE; Terranova is long OXY; Terranova is long MCD; Terranova is long JOY; Terranova is long AXP; Terranova is long EMC; Terranova is long IBM; Terranova is long UNG puts; Terranova is long short AAPL put spreads; Baker is long AAPL; Baker is long JPM; Baker is long AMZN; Baker is long RL; Weiss is long QCOM; Weiss is long BRCM; Weiss is long WLP; Weiss is long HK; Weiss is long EUO; Weiss is long CSC; Weiss is long MOS; Weiss is long NS; Weiss is long ETP; Weiss is short AAPL puts; Weiss is short AMZN puts; Weiss is long MT; Weiss is long BTU; Weiss is long MDRX; For Dan Dicker Dicker owns UPL For Willie Williams No disclosure For Ken Sena No disclosures For David Gober As of January 31, 2012, Morgan Stanley beneficially owned 1% or more of a class of common equity securities of the following companies covered in Morgan Stanley Research: Amazon.com, Liberty Interactive Group, Office Depot Inc., Under Armour Inc.. Within the last 12 months, Morgan Stanley managed or co-managed a public offering (or 144A offering) of securities of Best Buy Co. Inc, Nordstrom, The Home Depot, Inc.. Within the last 12 months, Morgan Stanley has received compensation for investment banking services from Amazon.com, AutoZone Inc., Best Buy Co. Inc, Liberty Interactive Group, Limited Brands Inc, Lowe's Companies, Inc., Nordstrom, Office Depot Inc., Staples, Inc., The Home Depot, Inc.. In the next 3 months, Morgan Stanley expects to receive or intends to seek compensation for investment banking services from Advance Auto Parts, Amazon.com, AutoZone Inc., Bed Bath & Beyond Inc., Best Buy Co. Inc, Liberty Interactive Group, Lowe's Companies, Inc., Nordstrom, O'Reilly Automotive Inc., Office Depot Inc., Ralph Lauren Corp, Staples, Inc., The Home Depot, Inc.. Within the last 12 months, Morgan Stanley has received compensation for products and services other than investment banking services from Advance Auto Parts, Amazon.com, AutoZone Inc., Best Buy Co. Inc, Liberty Interactive Group, Lowe's Companies, Inc., Nordstrom, O'Reilly Automotive Inc., Office Depot Inc., Staples, Inc., The Home Depot, Inc.. Within the last 12 months, Morgan Stanley has provided or is providing investment banking services to, or has an investment banking client relationship with, the following company: Advance Auto Parts, Amazon.com, AutoZone Inc., Bed Bath & Beyond Inc., Best Buy Co. Inc, Liberty Interactive Group, Limited Brands Inc, Lowe's Companies, Inc., Nordstrom, O'Reilly Automotive Inc., Office Depot Inc., Ralph Lauren Corp, Staples, Inc., The Home Depot, Inc.. Within the last 12 months, Morgan Stanley has either provided or is providing non-investment banking, securities-related services to and/or in the past has entered into an agreement to provide services or has a client relationship with the following company: Advance Auto Parts, Amazon.com, AutoZone Inc., Best Buy Co. Inc, Liberty Interactive Group, Lowe's Companies, Inc., Nordstrom, O'Reilly Automotive Inc., Office Depot Inc., Staples, Inc., The Home Depot, Inc.. Morgan Stanley & Co. LLC makes a market in the securities of Advance Auto Parts, Amazon.com, AutoZone Inc., Bed Bath & Beyond Inc., Best Buy Co. Inc, Liberty Interactive Group, Limited Brands Inc, Lowe's Companies, Inc., Nordstrom, O'Reilly Automotive Inc., Office Depot Inc., RadioShack Corporation, Ralph Lauren Corp, Staples, Inc., The Home Depot, Inc., Under Armour Inc., Urban Outfitters Inc., Williams-Sonoma Inc.. The equity research analysts or strategists principally responsible for the preparation of Morgan Stanley Research have received compensation based upon various factors, including quality of research, investor client feedback, stock picking, competitive factors, firm revenues and overall investment banking revenues. Morgan Stanley and its affiliates do business that relates to companies/instruments covered in Morgan Stanley Research, including market making, providing liquidity and specialized trading, risk arbitrage and other proprietary trading, fund management, commercial banking, extension of credit, investment services and investment banking. Morgan Stanley sells to and buys from customers the securities/instruments of companies covered in Morgan Stanley Research on a principal basis. Morgan Stanley may have a position in the debt of the Company or instruments discussed in this report. For Dennis Gartman Gartman is long S&P 500 futures Gartman is long gold Gartman is short Euro For Peter Misek I, Peter Misek, CFA, CPA, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subject company(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this research report. CNBC.com with wires.

https://www.cnbc.com/id/46382525

RL

Ralph Lauren Corporation

Is Bank of America a ‘Buy’ After Citi Downgrade?

“If you think there’s going to be a recovery in housing, you own Bank of America. If not, stay away from it,” the Baker Avenue Asset Management CEO said on “Fast Money.” “JP Morgan’s a completely different type of firm. Really well capitalized, great management team, it’s very cheap, and it’s got a catalyst coming up.” -------------------------------------------------------- NEW SLIDESHOW: Top Fashion Stocks for 2012 -------------------------------------------------------- Playing the momentum in the financial sector was must, Baker said. “This is a stock-picker’s market,” he said. “When I’m talking about the financials, I’m not saying be married to them and own them all year. When you look at Bank of America up 45 percent for the year, you look at some of the momentum in them, you have to participate on them. And in this type of environment, you need to own the financials.” Citi downgraded Bank of America to “neutral” from “buy.” BAC traded at $3.97 midday, down more than 3 percent. Joe Terranova of Virtus Investment Partners said expense management was a factor to consider. “In a correction here, the buy orders, the resting buy orders, I will be placing them underneath the market for a BMO, for a Wells Fargo, for a BNC,” he said. Trader Stephen Weiss said multiples were “dirt cheap” on quality names such as JP Morgan but took a broader view beyond the banks. “I think you can be long and in this market and treat financials largely as you treat consumer staples. They may be a slow — and in the case of JP Morgan — dividend-paying stock,” he said. “But even there, I would rather go for my defensive in areas of the economy that I either feel have bottomed or are potentially going to grow significantly.” ______________________________________________________ Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com. Trader disclosure: On Feb. 14, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Terranova is long VRTS; Terranova is long LQD; Terranova is long SWN; Terranova is long CSCO; Terranova is long TBT; Terranova is long SBUX; Terranova is long FXE; Terranova is long OXY; Terranova is long MCD; Terranova is long JOY; Terranova is long AXP; Terranova is long EMC; Terranova is long IBM; Terranova is long UNG puts; Terranova is long short AAPL put spreads; Baker is long AAPL; Baker is long JPM; Baker is long AMZN; Baker is long RL; Weiss is long QCOM; Weiss is long BRCM; Weiss is long WLP; Weiss is long HK; Weiss is long EUO; Weiss is long CSC; Weiss is long MOS; Weiss is long NS; Weiss is long ETP; Weiss is short AAPL puts; Weiss is short AMZN puts; Weiss is long MT; Weiss is long BTU; Weiss is long MDRX; For Dan Dicker Dicker owns UPL For Willie Williams No disclosure For Ken Sena No disclosures For David Gober As of January 31, 2012, Morgan Stanley beneficially owned 1% or more of a class of common equity securities of the following companies covered in Morgan Stanley Research: Amazon.com, Liberty Interactive Group, Office Depot Inc., Under Armour Inc.. Within the last 12 months, Morgan Stanley managed or co-managed a public offering (or 144A offering) of securities of Best Buy Co. Inc, Nordstrom, The Home Depot, Inc.. Within the last 12 months, Morgan Stanley has received compensation for investment banking services from Amazon.com, AutoZone Inc., Best Buy Co. Inc, Liberty Interactive Group, Limited Brands Inc, Lowe's Companies, Inc., Nordstrom, Office Depot Inc., Staples, Inc., The Home Depot, Inc.. In the next 3 months, Morgan Stanley expects to receive or intends to seek compensation for investment banking services from Advance Auto Parts, Amazon.com, AutoZone Inc., Bed Bath & Beyond Inc., Best Buy Co. Inc, Liberty Interactive Group, Lowe's Companies, Inc., Nordstrom, O'Reilly Automotive Inc., Office Depot Inc., Ralph Lauren Corp, Staples, Inc., The Home Depot, Inc.. Within the last 12 months, Morgan Stanley has received compensation for products and services other than investment banking services from Advance Auto Parts, Amazon.com, AutoZone Inc., Best Buy Co. Inc, Liberty Interactive Group, Lowe's Companies, Inc., Nordstrom, O'Reilly Automotive Inc., Office Depot Inc., Staples, Inc., The Home Depot, Inc.. Within the last 12 months, Morgan Stanley has provided or is providing investment banking services to, or has an investment banking client relationship with, the following company: Advance Auto Parts, Amazon.com, AutoZone Inc., Bed Bath & Beyond Inc., Best Buy Co. Inc, Liberty Interactive Group, Limited Brands Inc, Lowe's Companies, Inc., Nordstrom, O'Reilly Automotive Inc., Office Depot Inc., Ralph Lauren Corp, Staples, Inc., The Home Depot, Inc.. Within the last 12 months, Morgan Stanley has either provided or is providing non-investment banking, securities-related services to and/or in the past has entered into an agreement to provide services or has a client relationship with the following company: Advance Auto Parts, Amazon.com, AutoZone Inc., Best Buy Co. Inc, Liberty Interactive Group, Lowe's Companies, Inc., Nordstrom, O'Reilly Automotive Inc., Office Depot Inc., Staples, Inc., The Home Depot, Inc.. Morgan Stanley & Co. LLC makes a market in the securities of Advance Auto Parts, Amazon.com, AutoZone Inc., Bed Bath & Beyond Inc., Best Buy Co. Inc, Liberty Interactive Group, Limited Brands Inc, Lowe's Companies, Inc., Nordstrom, O'Reilly Automotive Inc., Office Depot Inc., RadioShack Corporation, Ralph Lauren Corp, Staples, Inc., The Home Depot, Inc., Under Armour Inc., Urban Outfitters Inc., Williams-Sonoma Inc.. The equity research analysts or strategists principally responsible for the preparation of Morgan Stanley Research have received compensation based upon various factors, including quality of research, investor client feedback, stock picking, competitive factors, firm revenues and overall investment banking revenues. Morgan Stanley and its affiliates do business that relates to companies/instruments covered in Morgan Stanley Research, including market making, providing liquidity and specialized trading, risk arbitrage and other proprietary trading, fund management, commercial banking, extension of credit, investment services and investment banking. Morgan Stanley sells to and buys from customers the securities/instruments of companies covered in Morgan Stanley Research on a principal basis. Morgan Stanley may have a position in the debt of the Company or instruments discussed in this report. For Dennis Gartman Gartman is long S&P 500 futures Gartman is long gold Gartman is short Euro For Peter Misek I, Peter Misek, CFA, CPA, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subject company(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this research report.

https://www.cnbc.com/id/43138036

RL

Ralph Lauren Corporation

Stocks Decline Before Close, Led by Tech

Stocks pared losses but remained significantly lower on worries over euro zone debt troubles, and signs of a slowing economy in Europe and Asia. The Dow Jones Industrial Average fell more than 120 points after ending a volatile week loweron Friday. Most blue-chip components sank, led by Caterpillar and DuPont. TheS&P 500 fell nearly 1 percent, while the tech-heavy Nasdaq sank about 1.25 percent. The CBOE Volatility Index, widely considered the best gauge of fear in the market, rose above 17. All key S&P 500 sectors fell, led by technology, energy and industrials. The selloff on Monday was triggered by worries kindled over the weeked that euro zone debt troubles are getting worse. But investors in the U.S. are focused on the rise in the dollar and the slide in commodities, ranging from crude oil and precious metals to industrial commodities like cotton, lumber and copper, said James Paulsen, chief investment strategist at Wells Capital Management. "For stocks to find a bottom will be when commodities level out," Paulsen said. Paulsen has his eye mainly on industrial commodities, and says if "they find a bottom, then you'll see the stock market find a bid again." For that to happen, he added, economic reports in the U.S. will need to turn brighter. The fact initial jobless claims came down last week was one good soon, that will need to be repeated this week. But if the economic reports continue to be bad, then "we’ll be down below 1300," he said. Monday's market action pushed stocks through some key technical levels. The S&P 500, for instance, traded below 1,320, which was the low on the index last week, noted Andrew Burkly, director of equity strategy research at Brown Brothers Harriman. "The next significant support level is 1295, that would be the next battle ground," Burkly said. He added that he expects the market to fall through that level to 1,230, his low estimate for the year. For the rest of 2011, Burkly expects the market to remain choppy, and the S&P 500 not to get much higher than 1,350. But some analysts are more optimistic. "My gut basically says that for right now, it's too early to push the panic button," said Sam Stovall, chief investment strategist at Standard & Poor's. "It's like listening to a pilot say, 'We're approaching turbulence, please put on your safety belt,' Stovall said. "She is not saying, 'Don your parachutes and assemble by the door.'" Much of Monday's market weakness stemmed from troubles in Europe, which began over the weekend with Standard & Poor’s downgrade of Italy's outlook to "negative" from "stable." Then Spain's ruling Socialist party suffered an election setback. On Monday, European purchasing managers index dataindicated a slowdown in growth in the euro zone, with German and French numbers below expectations. Also, Fitch lowered Belgium's rating outlook to "negative" from "stable." Also in Europe, several leaders called for Greece to avoid debt restructuring and push ahead with austerity measures. In China, an index of manufacturing growth fell in May, an indication of a sluggish economy. The news of slowing global growth sent oil prices lower. U.S. light, sweet crude fell 2.40 percent to $97.70 a barrel. In London, Brentcrude fell 2.04 percent to $110.10. The euro zone troubles also against the dollar. The index rose more than 1 percent against a basket of currencies. Meanwhile, 0.4 percent to close at $1,515.30 an ounce, gaining support as a safe alternative, while silver fell 0.5 percent to $34.90.

https://www.cnbc.com/id/43135191

RL

Ralph Lauren Corporation

Stocks Slide, Led by Industrials; CAT Falls

Stocks traded sharply lower amid worries over global growth in Europe and China, and continuing concerns about debt troubles in peripheral euro zone countries. The Dow Jones Industrial Average fell more than 160 points after ending a volatile week loweron Friday. Most blue-chip components sank, led by Caterpillar. TheS&P 500 fell more than 1 percent, while the tech-heavy Nasdaq sank more than 1.5 percent. The CBOE Volatility Index, widely considered the best gauge of fear in the market, rose above 18. All key S&P 500 sectors fell, led by industrials,technology and energy. Troubles in Europe mounted, beginning with Standard & Poor’s downgrade of Italy's outlook to "negative" from "stable" over the weekend. Then Spain's ruling Socialist party suffered an election setback.On Monday, European purchasing managers index dataindicated a slowdown in growth in the euro zone, with German and French numbers below expectations. Also in Europe, several leaders called for Greece to avoid debt restructuring and push ahead with austerity measures. The focus on Monday remains on whether Greece will receive another handout. Many investors fear that if Greece restructures its debt, Ireland and Portugal could follow suit. President Barack Obama was in Dublin, Ireland on Monday morningwhere he will talk with the Prime Minister about debt and the country’s economy at the start of a European tour. And in China, an index of manufacturing growth fell in May, an indication the economy is slowing down. The news of slowing global growth sent oil prices lower. U.S. light, sweet crude fell more than 3 percent to below $97 a barrel. In London, Brentcrude fell nearly 3 percent to nearly $109. The euro zone troubles pushed the euro to a two-month lowagainst the dollar. The dollar index rose more than 1 percent against a basket of currencies. Meanwhile, gold stablizedabove $1,513 an ounce, while silver was down slightly, just below $35 an ounce.

https://www.cnbc.com/2023/08/31/this-regional-airline-can-rally-more-than-30percent-as-pilot-hiring-trends-improve-raymond-james-says.html

RJF

Raymond James

This regional airline can rally more than 30% as pilot hiring trends improve, Raymond James says

SkyWest shares can continue their ascent as pilot hiring becomes less challenging, Raymond James said. Analyst Savanthi Syth upgraded the regional airline to outperform from market perform with a price target at $55. Her target signals an upside of 32.9% from Wednesday's close. "While SKYW is one of the best performing airlines stocks YTD … this reflects a meaningfully improved fundamental position relative to the beginning of the year with the successful pass through to partners of materially higher pilot costs and the stabilization of captain supply trends," Syth said in a note to clients Thursday. The stock has already soared more than 150% this year, while airlines encompassing Raymond James' coverage universe have gained about just 14%. Shares climbed 2.7% in premarket trading Thursday. SKYW YTD mountain SkyWest, year to date Pilot attrition trends have been improving for the Utah-based airline since the first quarter of this year. SkyWest has also been able to get partners to absorb costs related to higher rates. Syth added that mainline capacity growth for 2024 is trending lower than previously expected due to supply chain challenges, demand plateaus and rising fuel costs. That can further help mitigate the challenge of finding enough captains as target levels are reset in the next 12 to 18 months, she added. Revenue drags seen in 2023 could turn to benefits in 2024, she also said. SkyWest is expected to reach about 55%, 60% and 75% of 2019 levels for core, pre-taxed earnings per seat in 2023, 2024 and 2025, respectively, she said. However, the airline could see upside as captain levels improve, the chart business expands or from market share gains tied to operational performance. Despite reasons for optimism, Syth said share performance could be hurt if the captain supply fix does not go as planned, the charter business sputters or if there's a faster sunset to a fleet than previously thought. — CNBC's Michael Bloom contributed to this report.

https://www.cnbc.com/2023/10/03/raymond-james-says-this-clean-energy-stock-can-buck-the-industrys-downtrend.html

RJF

Raymond James

It's a tough time for clean energy stocks right now, but Raymond James says one name can buck the downtrend

Clean Energy Fuels ' venture into dairy-based renewable natural gas might just be its saving grace in an industry highly sensitive to interest rates, according to Raymond James. The firm upgraded shares of the renewable energy company to strong buy from outperform, lifting its target price to $6. This implies an anticipated upside of 67% from Monday's close. Shares jumped 8% Tuesday. Clean Energy Fuels is down 25% so far this year as a range of worries drag renewable energy stocks. Softening demand and interest rates climbing to 16-year highs have put pressure on the clean tech industry, which includes companies whose business models require financing and make them sensitive to rates. Year to date, the Invesco WilderHill Clean Energy ETF (PBW) is down more than 23%, while the broader S & P 500 has gained more than 10%. CLNE YTD mountain CLNE ytd chart Analyst Pavel Molchanov listed Clean Energy Fuels as the exception to the rule, citing the firm's anticipated ramp up in the in-house production of dairy-based renewable natural gas, or RNG. Another factor in favor of the stock is the expectation that the Treasury Department will soon issue details around a new tax credit for clean fuel production. "In late 2023 or early 2024, the Treasury is set to spell out the value of the credit for various types of biofuels, based on their carbon intensity metrics — with dairy-based RNG screening arguably the best," he wrote. Molchanov expects the firm's dairy-based RNG production to add $120 million of incremental adjusted earnings before interest, taxes, depreciation and amortization in 2025, twice as much as the company's 2023 adjusted EBITDA guidance of $50 million to $60 million. The analyst's updated price target reflects his long-term expected RNG volume growth of between 10% and 15%. "We believe that once the Treasury unveils the rules, and investors can straightforward factor in Section 45Z into estimates for 2025 and beyond, Clean Energy shares should re-rate meaningfully higher," he added. — CNBC's Michael Bloom contributed to this report.

https://www.cnbc.com/2023/09/22/raymond-james-says-buy-this-undervalued-retail-stock.html

RJF

Raymond James

Raymond James says buy this undervalued retail stock

Growing international market share should lift Ralph Lauren 's revenue growth, according to Raymond James. The firm initiated the stock with an outperform rating and a price target of $135 per share. This implies 20% upside from Thursday's closing price of $112.24. Shares of the apparel company have been volatile this year, managing only a 6.2% gain in that time, while the S & P 500 is up 12.8%. RL YTD mountain RL ytd chart Analyst Rick Patel thinks Ralph Lauren is trading below fair value, creating a buying opportunity for investors. "We like the setup where expectations have come down (stock -7% in last three months), estimates appear to signal a low bar (especially in North America and Wholesale), and valuation is attractive, in our view, given a [price-to-earnings ratio] of ~11x," Patel wrote. The analyst also cited Ralph Lauren's "increasing discipline with cost savings" as a driver behind improving margins. Growing average item selling prices and unit volume from international markets such as Asia should also serve to push Ralph Lauren's revenue growth higher, Patel added. "Over the past few years through COVID, RL has worked to create a stronger foundation to generate growth from a healthier base. This has entailed elevating its iconic brand, right-sizing its wholesale distribution, fortifying its digital capabilities, and right-sizing inventory," he wrote. — CNBC's Michael Bloom contributed to this report.

https://www.cnbc.com/2023/08/07/raymond-james-says-this-satellite-stock-can-jump-40percent-and-could-even-double.html

RJF

Raymond James

Raymond James says this satellite stock can jump 40% and could even double

Raymond James sees big gains ahead for satellite services company EchoStar . Analyst Ric Prentiss upgraded shares to strong buy from outperform. He set a base case price target of $28, which implies more than 44% upside from Friday's close. "We think the company is positioned very well at a critical juncture for the U.S. Satellite industry, driven by [a] significant strong balance sheet with $1.7B in cash and -$0.2B in net debt, and significant fallow S-Band spectrum holdings," Prentiss wrote in a Monday note. "And, with the launch of Jupiter 3 (J3) satellite on July 29, the company is moving from Horizon 1 of its strategic roadmap (pre-J3) to Horizon 2 (monetization of J3 capacity), and is actively working through possibilities for Horizon 3 (long-term strategic opportunities like M & A and S-Band monetization)," he added. The company's S-band opportunity remains large, Prentiss added. S-band refers to a frequency level critical to radars and satellite communication, used by shipping, aviation and space industries. EchoStar has S-band holdings worldwide that could generate significant revenue starting 2027, according to Prentiss. The analyst also set a bull case price target of $46, suggesting shares could rally up to 137% in an optimistic S-band expansion scenario. Shares surged nearly 14% Monday morning, reaching a new 52-week high. The stock has jumped more than 30% year to date. SATS YTD mountain SATS in 2023 — CNBC's Michael Bloom contributed to this report.

https://www.cnbc.com/2024/04/04/stocks-making-the-biggest-moves-midday-lw-levi-w.html

RJF

Raymond James

Stocks making the biggest moves midday: Lamb Weston, Levi Strauss, Wayfair and more

Check out the companies making headlines in midday trading. Hertz Global — The car rental company shed 5% after it was downgraded to sell from neutral at Goldman Sachs. Investors have yet to fully price in some near-term pressures, the bank wrote. Block — The financial services stock lost 6% following a downgrade to underweight from equal-weight at Morgan Stanley. As reasons for the change, the firm cited "high market penetration and limited additional opportunity." Zeta Global — The software stock added 13% after Morgan Stanley upgraded the software firm to an overweight rating from equal weight. The bank wrote that it expects positive revisions to valuation and estimates going forward, pointing as evidence to Zeta's near-term catalysts and "strong track record" of prudent guidance. Wayfair — Shares of the home-focused e-commerce retailer added less than 1% following an Evercore ISI upgrade to an outperform rating from in line. The firm foresees Wayfair gaining market share as the home-furnishing space recovers. Levi Strauss — The apparel company's shares rallied 12% after it topped first-quarter expectations on the top and bottom lines and raised its profit guidance for the full year. Conagra Brands — The consumer packaged goods food company climbed 5% after exceeding analysts' estimates for its fiscal third-quarter earnings and revenue. Conagra posted adjusted earnings of 69 cents per share on revenue of $3.03 billion, exceeding the 65 cents per share on revenue of $3.01 billion expected by FactSet. Lamb Weston — Shares plunged 19% after the fries producer missed its third-quarter earnings and revenue. Lamb Weston posted third-quarter adjusted earnings of $1.20 per share, less than the $1.45 analysts polled by FactSet had expected. The firm's revenue of $1.46 billion also came under the anticipated $1.65 billion. Alaska Air Group — The airline carrier climbed fractionally higher. Alaska said that it had received $160 million in compensation from Boeing after the grounding of the 737 Max 9. Grindr — The LGBTQ-focused dating app climbed 1% after Raymond James initiated coverage with an outperform rating. The firm said its sees several reasons to be optimistic on the stock, including its moat, consumer base and margins. HubSpot — Shares soared 5% after Reuters reported that Alphabet was in talks to make an offer for the marketing software company. Alphabet has not yet submitted an offer for the deal. Solventum — The health care stock rose nearly 5%. Solventum was just spun off from 3M on Monday, with Thursday's pop marking its first positive day since its debut. Solar stocks — Solar stocks rose higher during Thursday's session as the yield on the benchmark 10-year Treasury moved lower. Enphase Energy rose 2%, while First Solar popped 3%. SolarEdge Technologies advanced less than 1%. — CNBC's Alex Harring and Hakyung Kim contributed reporting.

https://www.cnbc.com/2024/04/04/thursdays-stocks-to-buy-include-nvidia.html

RJF

Raymond James

Here are Thursday's biggest analyst calls: Nvidia, Tesla, Super Micro, Meta, Wynn, Reddit, Coinbase, GM & more

Here are the biggest calls on Wall Street on Thursday: Bernstein initiates Reddit at underperform Bernstein said it sees too many headwinds for the social media and website company. "The headline optics aren't pretty. An unprofitable business, IPO a liquidity event with heavy exec selling, Redditors themselves apathetic, and investors wondering whether mid-sized social platforms are structurally disadvantaged and too sub-scale to compete." Raymond James initiates Grindr at outperform Raymond James says the dating app owner is well positioned. "We are initiating coverage of Grindr (GRND) with an Outperform rating and a $14 price target." Raymond James downgrades Bumble to market perform from outperform Raymond James said in its downgrade of Bumble that it sees too many negative catalysts. "While we believe that its brand is among the best-positioned in the space in terms of relevance with young people, we do see near-term headwinds stemming from changing user habits, which require significant rethinks among apps built in the Millennial era." Citi adds a positive catalyst watch on CDW Citi said it sees a "growing AI total addressable market" for the tech company. "We are raising estimates and opening a positive catalyst watch on CDW to reflect increasing optimism for CDW's services revenues." Barclays downgrades Ferrari to equal weight from overweight Barclays said it's taking a breather on shares of Ferrari ahead of earnings due in early May. "We actually see a strong Q1'24 thanks to very strong mix – but still think it's time for a pit stop – downgrade to EW." Mizuho reiterates Nvidia as a top pick Mizuho says Nvidia is still a top idea at the firm. "We rate NVDA with a Buy rating and a $1,000 PT, ~31x F26E EPS, within its historical 15-67x range, which we see as appropriate given as NVDA continues to dominate the AI landscape with a holistic hardware and software offering..." JPMorgan initiating SharkNinja at overweight JPMorgan said the household products company is well positioned. " SharkNinja is a global household products company that aims to solve consumer problems, supported by technology and engineering-led innovation at affordable prices." Goldman Sachs upgrades Avis to neutral from sell Goldman said in its upgrade of Avis that the "thesis has now played out." "We upgrade CAR to Neutral (from prior Sell rating) as we believe our thesis has now played out." Morgan Stanley initiates Mural Oncology at overweight Morgan said in its initiation of the biotech company that it sees a long "cash runway" lasting through 2025. "We initiate coverage of MURA with an OW rating and $13 PT." UBS downgrades Bank of America to neutral from buy UBS said in its downgrade of the Charlotte-based bank that it sees a "rate trap" ahead. "After adjusting estimates upward to reflect 3 cuts in '24 and 4 cuts in '25 (vs. 6 and 2 prior) and raising our PT by $1 to $40, we find upside limited at BAC over the next 12 months." Wolfe double upgrades Synchrony to outperform from underperform Wolfe said the finance and credit company is well positioned in a "higher-for-longer" rate environment. "In an environment where we see beneficiaries of healthy labor markets outperforming casualties of higher-for-longer rates we upgrade SYF to Outperform." Piper Sandler initiates Synopsys at overweight Piper said it sees "margin opportunity" for the software company. "Benefiting from strong hyperscaler/datacenter activity, Synopsys has seen a substantial improvement in metrics over the past four years: growing at 15% CAGR and expanding operating margins by 1000bps since 2019." Morgan Stanley downgrades Block to underweight from equal weight Morgan Stanley sees growth headwinds for the payment tech company. "Similarly, we're unconvinced about Block's ability to sustainably reaccelerate Square Seller growth based on medium term headwinds we've identified." Piper Sandler downgrades Dave & Buster's to neutral from overweight Piper downgraded the stock following the release of its latest earnings. "Following PLAY's 4Q23 earnings results last night, we are moving our rating to Neutral, down from Overweight prior." Jefferies initiates BioLife Solutions at buy Jefferies said in its initiation of the bioproduction company that shares of BioLife are compelling with profit margin upside. "Mix of commercially approved basket of drugs & robust clinical pipeline offer attractive durable (and high margin) recurring rev opportunity, supporting mid-teens revenue [compound annual growth rate] thru '26." Goldman Sachs reiterates Super Micro at neutral Goldman says the stock is an "AI winner" but its valuation is full right now. "Supermicro: AI winner but investor feedback mixed to negative on valuation." Morgan Stanley upgrades Zeta to overweight from equal weight Morgan Stanley said the marketing technology company has an underappreciated valuation. " Zeta's growth has proven more resilient despite a tough spending environment for marketing software and advertising." Oppenheimer reiterates Coinbase at outperform Oppenheimer raised its price target on the stock to $276 per share from $200. "Some of our thesis has played out as expected. At this level of trading, we are cautious about the near-term volatility, but remain positive on the long-term adoption of blockchain technology. We believe Coinbase can be one of the beneficiaries for this long-term trend." UBS reiterates Apple as neutral UBS said its checks show that Apple's App Store revenue was higher in March compared to February. "Our analysis of Apple's App Store suggests revenue in the month of March was up ~13% YoY, a 200 bps increase from the ~11% growth in February." Barclays downgrades Ball to equal weight from overweight Barclays said in its downgrade of the glass and lid producer that shares of Ball are fully valued now. "We think it is prudent to move to the sidelines as valuation is now back to early 2022 levels, with still some ongoing risks around near-term volumes and beer demand." Evercore ISI upgrades Wayfair to outperform from in line Evercore sees revenue acceleration ahead for shares of Wayfair. "Wayfair is trying to look its best for its 10th year as a public company. We want to be there for the party when revenues accelerate and are upgrading the stock to Outperform." JPMorgan adds a positive catalyst watch on AstraZeneca JPMorgan added a positive catalyst watch on AstraZeneca heading into the biopharma company's earnings later this month. "We expect Q124 results to see a sharp acceleration in top-line growth and significant sequential Core EBIT margin expansion." Jefferies reiterates Amazon as buy Jefferies raised its price target on the e-commerce platform to $225 per share from $190 after a series of expert meetings. "Our AWS expert sees an improving cloud environment, but believes AMZN needs to improve its AI offering to stay competitive as multicloud adoption grows." Jefferies reiterates Meta as buy Jefferies raised its price target on Meta to $585 per share from $550. "Based on our updated market share analysis, we believe Meta could capture 50% of incremental industry ad dollars in 2024, which would be its highest ever and well above its 33% in 2023." Citi reiterates General Motors as a top pick Citi said it's standing by shares of the GMC, Chevrolet and Buick parent. "With Q1 wrapping up, its become clearer that GM is likely to post another resilient quarter." Wolfe upgrades Capital One to outperform from peer perform Wolfe sees "meaningful upside" for shares of Capital One. "In an environment where we see beneficiaries of healthy labor markets outperforming casualties of higher-for-longer rates we upgrade COF to Outperform, with meaningful upside if the DFS deal closes and limited downside if it does not." Mizuho initiates Wynn as buy Mizuho sees a "compelling" valuation and Macau recovery for Wynn shares. "WYNNing Formula – Upside to Estimates + Long-term Optionality, BUY, $131 PT." Benchmark initiates DoorDash at buy Benchmark says it's bullish on shares of the food delivery company. "Our Buy recommendation is rooted in DASH's ever-growing dominance in restaurant delivery and the subsequent network effects its massive user/driver scale afford it to new retail vectors including grocery, convenience, and brick and mortar broadly." Morgan Stanley reiterates Tesla at overweight Morgan Stanley lowered its price target to $310 per share from $320. " Tesla's weak 1Q update is a clear sign of the ongoing EV 'shake-out' phase." Goldman Sachs downgrades Hertz to sell from neutral Goldman downgraded the rental car company and said it sees too many negative catalysts not priced in. "We downgrade HTZ to Sell (from prior Neutral rating), as we believe the full extent of pricing, cost and DPU [depreciation per unit] pressures have not been priced in." UBS upgrades Eversource Energy to buy from neutral UBS said in its upgrade of Eversource that shares of the residential energy company are compelling. "Upgrade to Buy from Neutral; Overly Discounted for Near-term Transformation."

https://www.cnbc.com/2024/04/04/thursdays-analyst-calls-upside-ahead-for-amazon-but-a-rate-trap-looms-for-bofa.html

RJF

Raymond James

Thursday's analyst calls: Upside ahead for Amazon and Meta, but a 'rate trap' looms for BofA

(This is CNBC Pro's live coverage of Thursday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) Online marketplace giant Amazon took focus in the overnight market calls, with analysts at Jefferies seeing a broad range of factors likely to contribute to a surge in the company's share prices. The news wasn't as good for Bank of America, with UBS worried about a potential "rate trap" that could slam one of the Big Four U.S. banks. Other analysts saw upside for Coinbase and DoorDash along with Meta Platforms, as the social network builds advertising market share. Check out the latest calls and chatter below. All times ET. 8:28 a.m.: Raymond James moves to sidelines on Bumble; initiates on Grindr Raymond James has turned less bullish on Bumble as consumer habits change. Analyst Andrew Marok downgraded the dating app to market perform from outperform. He also removed his price target after previously expecting shares to reach $15 from their Wednesday close of $11.22. Marok said dating apps may need a refresh to appeal to Gen Z, which favors slower-paced connections and spends more time being single. While he said the brand has "good bones," the outlook is cloudy until a new action plan and its reception among users comes to light. "While we believe that its brand is among the best-positioned in the space in terms of relevance with young people, we do see near-term headwinds stemming from changing user habits, which require significant rethinks among apps built in the Millennial era," Marok said. "We do think the path can be navigated, but the scale of changes required raises near-term execution risk, and as a result we see current estimates as properly calibrated with a balanced risk/reward." Bumble has tumbled nearly 24% this year, adding to last year's 30% drop. Elsewhere in the dating app space, Marok initiated coverage of Grindr with an outperform rating. His $14 price target implies the LGBTQ-focused platform's shares can rally 33.1% from Wednesday's close. "We see several factors that make us constructive on the company's near- and longer-term prospects," Marok said, citing a committed user base, competitive moat and an attractive margin structure, among other qualities. Grindr rose more than 2% before the bell. Shares have climbed almost 20% this year. — Alex Harring 8:30 a.m.: Goldman Sachs downgrades Hertz, upgrades Avis Budget Group Goldman Sachs downgraded Hertz to sell, while upgrading Avis Budget Group to neutral, as it reviewed its outlook for the car rental companies. Analyst Lizzie Dove said Hertz has further to fall even after its underperformance this year. Shares are off by more than 26% this year. Dove's $7 price target, down from $8, implies more than 8% downside from here. The car rental stock dropped another 5% in premarket trading. "We believe the full extent of pricing, cost and DPU pressures have not been priced in," Dove wrote on Hertz. "Though we see merit to the turnaround story, we believe that right-sizing the fleet and stabilizing pricing may take longer (and require more investment) than previously expected." On the other hand, Avis Budget Group was upgraded to neutral from sell, as the analyst "thesis has played out" for the stock. Shares have dropped more than 31% this year. Avis shares popped 2.4% in premarket trading. — Sarah Min 7:50 a.m.: Morgan Stanley cuts Hershey estimates on higher cocoa prices The continued surge in the price of cocoa is going to take a bite out of Hershey's earnings, according to Morgan Stanley. Analyst Pamela Kaufman cut estimates for the chocolate maker on Thursday, saying in a note to clients that the commodity's rise is becoming too much for Hershey to work around. "We are reducing our 2025 EPS estimate by 7.5% and now see HSY's EPS falling by 5% YoY due to the significant recent rise in cocoa prices, which are +90% over the last two months and 125% YTD," the note said. Morgan Stanley had already downgraded Hershey to underweight in February, but the cocoa outlook is getting worse, Kaufman said. "Since our downgrade, cocoa spot prices are up another 66% and futures are pointing to cocoa prices increasing 155% YoY in 2024 (vs. ~70% on 2/12). In comparison, HSY shares are +5% YTD as the market believes the company can navigate the cost environment given its track record for execution and pricing power," the note said. — Jesse Pound 7:18 a.m.: Benchmark initiates DoorDash, highlights 'ever-growing dominance' Benchmark says DoorDash will continue its dominance among restaurant delivery stocks as it expands further into grocery and retail. "DoorDash is well-positioned to benefit from a bevy of secular and fundamental catalysts over the next several years as its addressable market continues to broaden geographically and vertically," analyst Mark Zgutowicz said. The firm initiated coverage of DoorDash stock with a buy rating and a $165 per share price target. Benchmark's forecast implies nearly 19% upside from Wednesday's $138.78 close. "Our Buy recommendation is rooted in DASH's ever-growing dominance in restaurant delivery and the subsequent network effects its massive user/driver scale afford it to new retail vectors including grocery, convenience, and brick and mortar broadly," the analyst added. DoorDash stock has climbed more than 40% in 2024 and was up nearly 1% in the premarket. —Brian Evans 7:01 a.m. Evercore ISI upgrades Wayfair, says fundamentals are improving Evercore ISI says Wayfair stock will benefit from a material recovery in the home furnishing market. "We might be early, but waiting for demand to turn has historically been too late to catch the first leg up in W and we believe the cost takeout provides downside protection in a soft sales environment," analyst Oliver Wintermantel said. The firm upgraded the e-commerce stock to outperform from in line, and raised its price target to $80 per share from $65. Evercore's forecast implies more than 28% upside from Wednesday's $62.41 close. "At its current valuation, our perspective is that W's margin unlock is underappreciated by the market and provides an opportunity for a meaningful re-rating in the coming months," Wintermantel added. "Our $80 Base Case is based on 13x 2025e EBITDA." —Brian Evans 6:42 a.m.: Morgan Stanley's Adam Jonas trims Tesla price target Morgan Stanley's head of U.S. auto coverage Adam Jonas says Tesla's weaker-than-expected first-quarter deliveries will find a bottom by the second quarter, but is a sign of continuing headwinds in the electric vehicle sector. The analyst reiterated his overweight rating on Tesla stock but lowered his price target slightly to $310 per share from $320. Jonas' forecast implies more than 84% upside from Wednesday's $168.38 close. Tesla stock has pulled back more than 32% in 2024. "Negative developments in the global EV market very much matter to Tesla and should reasonably have a negative near-term impact on the price of the stock," Jonas wrote. "At the same time, however, we believe investors should not ignore the continued developments of Tesla's other plays, many of which are auto-related (i.e. the recurring revenue opportunity from the Tesla fleet – embedded in our Tesla Network Services valuation) and other areas that we do not include within our $310 target." "We think numbers bottom by 2Q results, well before a major rejuvenation of the model cycle," Jonas said of Tesla's vehicle deliveries moving forward. Tesla shares rose less than 1% premarket. — Brian Evans TSLA YTD line Tesla under pressure 6:28 a.m.: Oppenheimer raises Coinbase price target on growing adoption, room for higher earnings estimates The continued adoption of digital assets and blockchain technology can help Coinbase remain a key beneficiary in the cryptocurrency sector over the long-term, according to Oppenheimer. The firm reiterated a buy rating on the crypto exchange stock and raised its price target to $276 per share from $200. Oppenheimer's forecast equates to roughly 10% upside from Wednesday's $251.58 close. Coinbase stock has climbed more than 44% in 2024. "We view COIN as an enabler of crypto innovation, which solves some pain points in the existing financial system, and one of a few remaining exchanges in this space," analyst Owen Lau said. "As a leader in the cryptoeconomy, COIN is well positioned to benefit from the mass adoption of digital assets, we believe," he added. Coinbase shares rose nearly 1% in premarket trading. — Brian Evans 6:19 a.m.: Jefferies raises Meta Platforms price target on forecast higher advertising market share Jefferies says strength in Meta Platforms ' advertising revenue growth could see the company surpass Amazon's ad business for the first time in nine years. The firm reiterated a buy rating on Meta stock and raised its price target to $585 per share from $550 on Thursday. Jefferies' forecast implies more than 15% upside from Wednesday's $506.74 close. Meta stock has surged more than 43% in 2024. "With Q1'24 rev guidance calling for even greater outperformance, we believe Meta could capture as much as 50% of incremental industry ad dollars (vs. 33% in 2023), which would be the most in company history," analyst Brent Thill said. "In fact, we now estimate that in 2024 Meta's ad business could outgrow Amazon's for the first time since 2015." The analyst also lauded the company's suite of generative artificial intelligence products which he says will be a key driver for further capturing advertising dollars. "As a reminder, Meta last disclosed in 2021 that they had 10M advertisers on the platform vs. 200M+ businesses implying there is still ample runway to convert non-paying businesses into advertisers," he said. Meta shares rose 1.4% in premarket trading. — Brian Evans META 1Y line Meta stock rise 6:06 a.m.: Jefferies raises Amazon price target, says company has 'plenty to be excited about' After hosting industry experts and former Amazon employees, Jefferies thinks the company has enough in its pipeline to give investors "plenty to be excited about." The firm reiterated a buy rating on the e-commerce stock on Thursday and raised its price target to $225 per share from $190. Jefferies' forecast calls for more than 23% upside from Wednesday's $182.41 close. "The global AWS [Amazon Web Services] and advertising opportunities are driving overall revenue growth with corresponding margin accretion to the whole business," analyst Brent Thill said. "Investment in AWS, content, and fulfillment supports expansion into new products, services, and geographies with sizable potential," he added. Thill cautioned that Amazon will need to expand its artificial intelligence offerings to stay competitive in the sector as "multi cloud adoption grows." Shares of Amazon have climbed more than 20% in 2024. —Brian Evans 6:06 a.m. UBS downgrades Bank of America, says upside is limited over the next 12 months UBS thinks Bank of America is headed for a "rate trap" which will limit upside for the stock. The firm downgraded the bank stock to neutral from buy, but raised its price target slightly to $40 per share from $39. UBS' forecast implies nearly 7% upside ahead from Wednesday's $37.44 close. Analyst Erika Najarian defines the "rate trap" as a double edged sword of central bank interest rate cuts or a higher-for-longer scenario. If the Federal Reserve indeed does pivot to cuts, then "asset sensitive BAC will be subject to downward revisions to EPS [earnings per share]" and will hurt its market multiple. If interest rates remain elevated for longer, Najarian says, then investors may become concerned with BofA's held to maturity portfolio which could also hurt the stock's market multiple. "After adjusting estimates upward to reflect 3 cuts in '24 and 4 cuts in '25 (vs. 6 and 2 prior) and raising our PT by $1 to $40, we find upside limited at BAC over the next 12 months," Najarian said. "To be clear, there's a lot of positive momentum at the company, from strong deposit growth, a reawakened investment banking & markets business, and the prospect for accelerating buybacks, especially in 2H24," the analyst added. Bank of America stock has climbed more than 11% in 2024. — Brian Evans

https://www.cnbc.com/2022/07/13/raymond-james-says-bath-body-works-is-oversold-and-will-jump-nearly-70percent-from-here.html

RJF

Raymond James

Raymond James says Bath & Body Works is oversold and will jump nearly 70% from here

Bath & Body Works looks like one of the best deals for investors in the retail category, according to Raymond James. Analyst Olivia Tong initiated coverage of the stock with a strong buy rating, saying in a note to clients on Tuesday evening that shares of Bath & Body Works are oversold even if the U.S. economy slows significantly. "Retail stocks have been pummeled as the market assesses the extent of a potential slowdown, but even assuming a recession worse than that of 2008/2009, BBWI shares have been overly punished in our view," Tong wrote. Raymond James set a price target of $45 per share, which is 67.5% above where the stock closed on Tuesday. Shares of BBWI are down more than 61% year to date, underperforming both the S & P 500 and the retail sector, as measured by the SPDR S & P Retail ETF . Bath & Body Works came into its current form last year, after the embattled L Brands spun off Victoria's Secret into a standalone company. The remaining business should prove to be a resilient retailer in an economic downturn, according to Raymond James. "With BBWI's customer loyalty (57% repeat customers), a long history of increasing spend (+70% from 2015-2020 to $111), and a consistent pace of innovation and package refreshes, we expect BBWI to be one of the most consistent growth compounders in the Beauty & Personal Care space. Retail has become more challenging, particularly for companies like BBWI that benefited during the pandemic, but during the Great Recession, BBWI comps turned negative for less than a year," Tong wrote. With the corporate split and stock price decline, Bath & Body Works now has a market cap of roughly $6 billion. — CNBC's Michael Bloom contributed to this report.

https://www.cnbc.com/2024/04/03/wednesdays-stocks-to-buy-include-tesla-eaton-hologic-sofi-ups.html

RJF

Raymond James

Here are Wednesday's biggest analyst calls: Tesla, Amazon, Alphabet, Meta, UPS, Tyson, Disney, SoFi & more

Here are the biggest calls on Wall Street on Wednesday: Needham initiates SoFi at buy Needham says the financial company has the "right mix of growth and profits." "We are initiating coverage of SoFi Technologies (SOFI) with a BUY rating and a $10 price target." Baird initiates Informatica at overweight Baird said the software company has an attractive valuation. "From its foundation as a legacy data integration leader prior to 2015, INFA has emerged as a leader in cloud data management, and we believe should be positioned to help organizations prepare their data for generative AI use cases." Piper Sandler initiates Ecolab at overweight Piper said the water treatment company has upside. "We are initiating coverage of Ecolab Inc. ( ECL) with an OW rating and a 12-month PT of $260." KBW initiates Robinhood at market perform KBW initiated the brokerage stock and says its valuation is full right now. "Weighing Robinhood's Compelling New Product Roadmap Against a Now More Demanding Stock Price / Valuation." Citi upgrades Hologic to buy from neutral Citi said in its upgrade of Hologic that the diagnostic company is on a "significant" recovery trajectory. "We view the current FY24 outlook as conservative, which should be viewed positively by investors, in our opinion, as it is not reliant on a significant market recovery in the second half of the year." DA Davidson initiates Zeta Global at buy DA says the software company is misunderstood. "We believe ZETA i s currently trading at an unwarranted discount to other sales and marketing peers given revenue model and value proposition misconceptions." Goldman Sachs initiates Carlisle Companies at buy Goldman said it's bullish on shares of the building materials maker. "We believe Carlisle is well positioned to benefit from the macro, industry and company-specific dynamics over the next several years, contributing to above average growth relative to global peers and our building products coverage." Raymond James upgrades Jones Lang LaSalle to strong buy from outperform Raymond James says it's getting bullish on shares of the real estate management company. "We are upgrading Jones Lang LaSalle to Strong Buy from Outperform to reflect what we view to be an attractive valuation and robust momentum within its property and facilities management businesses." Deutsche Bank adds a catalyst call buy on Eaton Deutsche said it sees a short term buy idea on the stock as electrical orders rise. "We realize that ETN outperformed the group materially in 2023 and this has continued YTD." Raymond James upgrades Fluence to outperform from market perform Raymond James said it sees "margin upside" for the energy storage company. "Upgrading Fluence Energy (FLNC) from Market Perform to Outperform, following substantial multiple compression, and with room to post margin upside surprises as services and software revenue ramps up." KBW reiterates Coinbase as market perform KBW raised its price target on Coinbase to $230 per share from $160. "As a result of higher revenue and Adjusted EBITDA estimates, we are raising our price target to $230 from $160 previously, and maintaining our MP rating." Wells Fargo reiterates Meta as overweight Wells lowered its price target on Meta to $600 per share from $609, but says ad growth checks look strong. "Believe market increasingly looking to the next product cycle catalyst (like Reels in '23) to drive future ad growth outperformance vs. industry." Wells Fargo downgrades Wolfspeed to equal weight from overweight Wells downgraded the stock due to weaker demand for silicon carbide products. "The pure exposure WOLF has to the SiC [silicon carbide] mkt & the lack of profitability also make WOLF unique in this downgrade call." Wells Fargo reiterates Alphabet as equal weight Wells lowered its price target on Alphabet to $141 per share from $144. "All eyes on search performance in a pivotal quarter for the forward growth and search ad share narrative. Argus downgrades PepsiCo to hold from buy Argus downgraded PepsiCo due to concern about price hikes. "Downgrading to HOLD. Price hikes are likely to cause revenue growth to slow as consumers choose dining out over meals at home." JPMorgan downgrades Ally Financial to underweight from neutral JPMorgan said it sees too many headwinds for the financial services company. " ALLY – Downgrade to UW (from N) as valuation run-up limits further upside and headwinds persist (although lessening)." Citi adds a positive catalyst watch on Tyson Foods Citi said it's bullish on Tyson heading into earnings in May. "We think an EPS beat and guidance boost are likely when the company reports fiscal 2Q24 (March) results in early May, aided by a favorable industry environment, especially for its chicken and pork processing businesses." Redburn Atlantic Equities upgrades UPS to buy from neutral Redburn said it sees margins improving for UPS. "We upgrade to Buy and, due to upgrading our FY25 EPS and using a higher multiple to reflect improving sentiment and margins, we increase our PT to $180." Barclays reiterates Amazon as overweight Barclays says it's sticking with its overweight rating on the stock. "The Amazon story continues to be one of: 1) GMV [gross merchandise value] share gains across most geos and categories, owing to the prime member growth and flywheel and a higher mix of nondiscretionary; 2) improving cost-to-serve." Guggenheim reiterates Disney as buy Guggenheim raised its price target on the stock to $140 per share from $125. " Disney hosts its annual shareholder meeting today with the results of the well-covered proxy battle for board seats likely to be revealed by early afternoon." Deutsche Bank reiterates Tesla as buy Deutsche lowered its price target on the stock to $189 per share from $200 but says it's sticking with the stock. "Yesterday's relatively moderate negative reaction to Tesla's considerable Q1 deliveries miss, may, in our view, reflect investors' increased understanding of the near-term challenges for the company as it wrestles with EV slowdown and competition against its aging vehicle lineup, before the arrival of its next-gen platform." B Riley initiates Booking Holdings as buy B Riley says it's bullish on shares of the travel website. "We are initiating coverage of Booking Holdings, Inc . with a Buy rating and a 12-month price target of $4,400 per share." Gordon Haskett downgrades Costco to accumulate from buy Gordon Haskett downgraded several retailers on Wednesday and says it's "waving a yellow flag" on the rally. "Ranking Our Coverage Universe; Downgrading = FIVE, COST, DLTR, & LOW; Waving a Yellow Flag Post YTD Rally." Northland upgrades WisdomTree to outperform from market perform Northland says it sees growth accelerating for the financial services company. "We believe WT's growth is accelerating as higher fee funds take center stage and optionality exists with WT Prime and tokenization."

https://www.cnbc.com/2024/03/25/mondays-stocks-to-buy-like-nvidia-super-micro.html

RJF

Raymond James

Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Super Micro Computer, Disney, Netflix, Meta, Amazon & more

Here are Monday's biggest calls on Wall Street: Bank of America reiterates Nvidia as buy Bank of America said Nvidia is one of the firm's picks for its best-of-breed second-quarter list. "BoB stocks have strong management, balance sheets, EPS growth, cash flow; the highest quality companies generate the best relative returns long term and protect against volatility short term. Mizuho downgrades Tesla, Rivian and Nio to neutral from buy Mizuho downgraded several EV companies due to concerns about slowing EV demand. "While we remain constructive on the broader EV landscape with the LT trend to electrification, near-term EV demand and tightening liquidity are creating challenges into 2025E. We are therefore downgrading TSLA, RIVN and NIO to Neutral, while maintaining GM/ALV at Buy." Wells Fargo reiterates Citi as overweight Wells Fargo raised its price target on Citi to $80 per share from $70. "We increase our PT to $80." RBC initiates Kinetik Holdings as outperform RBC said Kinetik is a "Permian basin pure-play." "We initiate coverage of Kinetik Holdings Inc. with an Outperform rating and $40 price target." Northland initiates Astera Labs as outperform Northland said it's bullish on the connectivity platform for cloud and AI. "We initiate Astera Labs with an Outperform rating and $85 PT. Three vectors drive compute performance, processing, memory, and bandwidth. AI is pushing the limits of all three vectors." Bank of America upgrades Huya to buy from neutral Bank of America upgraded the China gaming platform after Huya declared a special dividend. "We upgrade to Buy from Neutral due to 1) solid cash position and positive cash dividend plan; 2) new business is likely to help offset the decline of game streaming business, along with margin improvement in 24-25E." Bank of America reiterates Amazon & Meta as buy Bank of America said it's standing by its buy rating on Meta and Amazon after a series of meetings with hedge-fund clients. "We thought sentiment on Big-3 Internet stocks was most positive on Meta, very positive on Amazon, and most cautious on Alphabet." Argus downgrades McDonald's to hold from buy Argus downgraded McDonald's on concerns about slowing traffic. "Downgrading to HOLD on prospects for weak customer traffic." Raymond James downgrades Dave & Buster's to market perform from outperform Raymond James downgraded Dave & Buster's mainly on valuation. "Downgrade to Market Perform; More Balanced Risk/Reward; NT Comps Soft as Enter Key Comp Test." Barclays upgrades Disney to overweight from equal weight Barclays said in its upgrade of Disney that it sees a "narrative reset." "The recent narrative reset is likely to be followed by positive estimate revisions, which is still early in the cycle and should further support valuation." Morgan Stanley reiterates Adobe as overweight Morgan Stanley said it's standing by its overweight rating on the stock. "The investment thesis for Adobe builds on a premise 'the whole is more valuable than the sum of its parts', specifically in enabling GenAI capabilities. However, more disclosure would help to garner confidence from investors that the equation is valid and competitive threats are overstated." Evercore ISI initiates Motorola Solutions as overweight Evercore said in its initiation of the stock that it's a "unique asset." "We are initiating coverage of Motorola Solutions (MSI) with an Outperform rating and $400 Target price." Evercore ISI upgrades Foot Locker to outperform from in line Evercore upgraded the stock after meeting with management, and said "there is going to be the most significant investment behind the specialty athletic retail channel that we've seen in years." "Upgrading FL to Outperform from In Line." Citi reiterates Netflix as neutral Citi raised its price target on Netflix to $660 per share from $555. "Looking ahead, we expect the firm to continue to see healthy sub growth and see scope for consensus subscriber estimates to move higher." Loop upgrades Tempur Sealy to buy from hold Loop upgraded the mattress company on hope that its Mattress Firm acquisition closes. "We are raising our rating from Hold to Buy and raising our price target for TPX from $50 to $75 after folding the potential financial impact from the Mattress Firm acquisition into our model." Wells Fargo upgrades GoodRx to overweight from equal weight Wells said it sees "improved visibility" for the telemedicine and prescription company. "GDRX : Business Staying Power & Improved Visibility Should Compensate for Slower Growth; PT to $10; Upgrade to OW." JPMorgan initiates Super Micro Computer as overweight JPMorgan said Super Micro Computer is at the "forefront" of the AI revolution. "AI Revolution Through Rich Compute; Initiate at OW with PT of $1,150." Raymond James downgrades Scotts Miracle-Gro to market perform from strong buy Raymond James downgraded the stock mainly on valuation. "We're downgrading the shares of Scotts Miracle-Gro from Strong Buy to Market Perform and removing our prior $70 target price." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by its overweight rating on the stock. "We know it's very hard to imagine today… but we eventually expect to potentially see a load of new product coming out of Tesla and expect the stock to eventually price this in well ahead of their respective launches." Wells Fargo upgrades Masimo to overweight from equal weight Wells said in its upgrade of the stock that a separation of the business could be a "step in the right direction." "We are upgrading MASI from Equal Weight to Overweight and raising our price target to $160 from $117. We view the announcement that MASI is evaluating a proposed separation of its consumer business as a key positive and a step in the right direction." UBS reiterates Apple as neutral UBS said its survey checks on Apple's iPhone show "more consumption of Services but [the] rate of change [is] slowing." "Key takeaways include: 1) iPhone retention rate in the US is 79%, down 400 bps from last year. In China, iPhone retention rate is 49%, up from 44% last year. 2) The average age of the iPhone installed base ex China is over 34 months, vs 31 months in the prior survey likely driven by soft global sell-through over the past 12 mos." Citi reiterates Arista Networks as buy Citi removed the stock from its focus list mainly on valuation. "We have removed Buy-rated Arista (ANET) from Citi's Focus List, with shares up ~30% since mid December 2023."

https://www.cnbc.com/2020/12/08/saxo-bank-sees-potential-for-new-era-of-universal-basic-income-in-2021.html

O

Realty Income

Universal basic income could decimate cities next year, one bank says in its ‘outlandish forecasts’

LONDON — Saxo Bank says universal basic income could become a permanent reality next year, triggering a "seismic rebalancing" of society as workers wave "bye-bye" to big city life. In a report entitled "Outrageous Predictions," the Danish bank on Tuesday outlined 10 "outlandish forecasts" for 2021, although it did stress these are not its "official" views. Among the predictions, the bank said that measures implemented by governments to support lost wages in response to the coronavirus pandemic could become permanent, and this new era of free money would crush commercial real estate. "The risk that societies are entirely torn apart results in the realisation that the Covid-19 measures weren't a mere panic response, but the start of a permanent new universal basic income (UBI) reality," Saxo global macro strategist Kay Van-Petersen said in the report. "UBI leads to a seismic rebalancing of the forces and structures within society, and how they apply geographically." He said the Covid-19 pandemic has "only accelerated the K-shaped recovery that was driving inequality and tearing at the social fabric before the outbreak." A K-shaped recovery refers to one in which the performance of the economy sharply diverges like the arms of the letter K, with some parts of the economy benefiting from strong growth while others lag. Van-Petersen also said the younger generation had come to realize that "even a solid education and the right attitude" were not enough to move up the socio-economic ladder as was possible through most of the 20th century. And the growing wage deflationary forces of software, artificial intelligence and automation were "eroding a widening swath of jobs across industries."

https://www.cnbc.com/2022/04/05/these-four-apartment-reits-could-be-good-opportunities-for-investors-to-cash-in-on-skyrocketing-rent-prices-jim-cramer-says.html

O

Realty Income

These four apartment REITs could be good opportunities for investors to cash in on skyrocketing rent prices, Jim Cramer says

CNBC's Jim Cramer on Tuesday offered a list of apartment real estate investment trusts whose stock investors should consider buying to take advantage of soaring rent prices. "Since higher rents are only good news for landlords, why not just buy a landlord, or at least a piece of a publicly traded landlord? Don't just be a renter, be a rentier via one of the apartment real estate investment trusts," the "Mad Money" host said. "With rents skyrocketing all across America, and with an uncertain housing crisis because of mortgage rates, you might want to own one of the best apartment REITs," he later added. Median one-bedroom prices in March were up around 12% year-over-year while two-bedroom prices increased around 14% year-over-year, according to the Zumper National Rent Report. Cramer started with the 17 names in the FTSE NAREIT Equity Apartment Index before narrowing the list down to the 10 largest REITs. He then evaluated each name by comparing their numbers for each category: Same-store net operating income growth Projected revenue growth Projected funds from operations Valuation Dividend yields Using this criteria, Cramer came up with four winners that investors should keep their eyes on. Here are the top four apartment REITs: Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market. Disclaimer

https://www.cnbc.com/2022/03/14/cramers-lightning-round-stay-away-from-snap-here.html

O

Realty Income

Cramer's lightning round: Stay away from Snap here

Loading chart... Nucor Corp : "We see opportunities that we want to get ready for if the Fed raises [the interest rate] and the market comes down ... Nucor's up gigantically and we felt like bulls make money, bears make money, hogs get [slaughtered]." Loading chart... Store Capital Corp : "One of the problems with this is that I could tell you to buy it, or I could say, 'buy Realty Income,' which I like very much ... I see no necessary bottom in these, so I've got to say not yet." Loading chart... Snap Inc : "When [Square parent Block] crushes the numbers and stock goes down, Snap, which didn't crush the numbers, it's going down even more. I say no to owning Snap." Loading chart... Scotts Miracle-Gro Co : "What can I say, that's an inexpensive stock ... I was going to recommend that you buy Lowe's, because they had a dynamite quarter." Loading chart... Enterprise Products Partners LP : "This one has a yield ... that I like very much. It's right in the center of all the stuff I like down in Houston, and down in Texas in general, and I got to tell you, it could beat the numbers." Disclosure: Cramer's Charitable Trust owns shares of Nucor.

https://www.cnbc.com/2019/01/03/cramer-finds-opportunity-in-best-and-worst-stocks-of-q4-2018.html

O

Realty Income

Cramer finds pockets of opportunity in the best and worst stocks of 2018's final quarter

watch now The best and worst stocks of 2018's final quarter — a volatile few months that saw the major averages erase their gains for the year — offer key insight into how investors should position their portfolios in 2019, says CNBC's Jim Cramer. The stock market turned treacherous in late 2018 as concerns about global growth, rising interest rates and U.S.-China trade took hold on Wall Street. The action, often characterized by dramatic, several-hundred-point swings, led the major indexes to log their worst annual performances since the financial crisis. But after reviewing the biggest winners and losers for Q4, Cramer found some pockets of opportunity that investors can use to their advantage in the new year. The winners "There's a surprising amount to like here, at least in principle," the "Mad Money" host said of the winners. Among his top picks were the stocks of coffeemaker Starbucks and retailer Dollar Tree . Starbucks, up over 13 percent for the fourth quarter, is a "classic comeback story," Cramer said. The company's turn began in May when it sold Nestle the rights to sell its products for an "exorbitant" $7.15 billion, he said. It continued with a share buyback, technological improvements and a key partnership in China. "I like Starbucks here, right now, after that last quarter," he said. "The stock sold off hard [Thursday] because people fear it may suffer the same consequences as Apple , with a product that's too expensive to thrive during a slowdown in China. But coffee's never been that economically sensitive — I think Starbucks is a buy into weakness right here." Dollar Tree, up more than 10 percent, has two tailwinds going for it, argued the "Mad Money" host: a turnaround in the Family Dollar franchise it acquired three years ago and a move away from China-based manufacturing. "This could be the year for Dollar Tree," Cramer said. "The stock's worth buying anywhere around the $90 area, where it represents tremendous value now that Family Dollar is fixed and the Chinese sourcing issues are moving into the rearview mirror." Other top performers were the stocks of Red Hat , a cloud company being bought by technology giant IBM , gold producer Newmont Mining , real estate investment trust Realty Income and packaged goods player Church & Dwight , but few of them intrigued Cramer as investments. "Red Hat's not even going to be existing in 2019," he said. "I think gold could have more upside because people fear chaos, [but] go with Barrick , not Newmont. [...] Church & Dwight seems expensive, but that's always been the case and now the stock has a nice raw-cost kicker. Realty Income feels played out to me, although if the Fed keeps tightening, it's a winner." WATCH: Cramer on S&P's biggest winners for Q4 2018 watch now The losers Cramer also saw some promise among Q4's biggest losers. They included chipmaker Nvidia , beauty giant Coty , Invisalign maker Align Technologies , drugmaker Nektar Therapeutics , industrial United Rentals , packaged food player Conagra Brands and a number of oil stocks. Nvidia's 52-percent downfall came on the heels of the company's most recent earnings report, in which management cited excess inventory in the cryptocurrency mining and gaming areas as cause for a lower-than-expected forecast. "My take? If you buy Nvidia here after [Thursday]'s sell-off, you're going to have to suffer through one more bad quarter, but then, you're home free," said Cramer, who famously nicknamed one of his dogs Nvidia before the stock's collapse. "I say maybe put on a half-position down here and then wait for more weakness. Now, I'd be more bullish, but after Apple's shortfall, I think it pays to be more cautious in tech." The "Mad Money" host also liked oil plays Newfield Exploration , Marathon Oil and Schlumberger , all of which could head higher if oil prices stabilize. He said Newfield, which is being acquired by Encana , was a buy, while the others were "worth holding." United Rentals could see better days if the Federal Reserve reconsiders its upcoming interest rate hikes, Cramer argued. "If you think [Fed Chair Jerome] Powell actually pays attention to the consequences of his actions as they impact, say, your net worth, I'd buy some United Rentals before the quarter," he said. "Let's just say URI could be a big winner if oil bottoms and the Fed comes to its senses." On the other hand, Coty, Align and Nektar — all down more than 45 percent for Q4 — are far from recovery, Cramer said. He recommended Estee Lauder over Coty, noted Align's newfound competition from consumer giants like 3M , and took a "hard pass" on the struggling stock of Nektar. Conagra's stock, down 36 percent for the final months of 2018, was crushed after the company acquired Pinnacle Foods. But in six months or so, the deal could finally start paying off, the "Mad Money" host said. "I think [they] can turn things around," he said. "[The stock's] got a 4 percent yield. I'm betting patience will be rewarded in Conagra, at least if you wait until right before the next quarter's earnings report." WATCH: Cramer on the S&P's biggest losers for 2018 watch now Final thoughts

https://www.cnbc.com/2022/01/28/jpmorgans-10-billion-mutual-fund-etf-conversion-not-tipping-point.html

O

Realty Income

JPMorgan to convert nearly $10 billion in mutual funds to ETFs, but it's not at a 'tipping point'

JPMorgan is about to make a nearly $10 billion splash in the exchange-traded fund space. The firm will begin converting four of its mutual funds to ETFs in April, bringing its Inflation Managed Bond Fund, Market Expansion Enhanced Index Fund, Realty Income Fund and International Research Enhanced Equity Fund to the lower-cost, more tax-efficient investment structure. But this isn't necessarily a "tipping point" for ETF conversions, J.P. Morgan Asset Management's Bryon Lake told CNBC's "ETF Edge" on Wednesday. "We know that investors use mutual funds across their entire book of business. We're very successful in that space," the firm's global head of ETF solutions said. J.P. Morgan manages $800 billion in its mutual fund franchise and is actively working to increase its offerings of alternative funds and ETFs, Lake said. "We know that investors are starting to incorporate more ETFs into their portfolios," Lake said. "But they're also using mutual funds and those get the job done as well." Conversions are just one of many growth drivers for the ETF industry, researcher Dave Nadig said in the same interview. Global ETFs saw north of $800 trillion in inflows in 2021. Total U.S. ETF assets under management climbed above $7 trillion at the end of last year from less than $3 trillion pre-pandemic. "We're going to see every major active and passive asset manager in the ETF space," said Nadig, who is director of research and chief investment officer at ETF Trends. "Some of them will convert mutual funds where it makes sense." As for those conversions, "we're in the middle of the flood. The water's rising a bit slower than you're expecting," Nadig said. "You're not seeing the wave come down the wall." Next up will be Capital Group, which announced earlier this week that it licensed Fidelity's nontransparent active management system in order to convert its mutual funds to ETFs, Nadig said. "All of this money will eventually show up in the ETF space, but whether it's converted or not is largely irrelevant," he said. "The point is the active managers are here. They're coming even faster than we expected. And I suspect this is going to be a big year for active flows." Disclaimer

https://www.cnbc.com/2021/12/02/goldman-sachs-picks-its-favorite-under-the-radar-esg-stocks-to-buy.html

O

Realty Income

Goldman Sachs picks its favorite under-the-radar ESG stocks to buy right now

Analysts a t Goldman Sachs have named a raft of "under-owned" stocks across a broad range of industries which they believe have had their ESG performance overlooked by investors. Investing in stocks based on "environmental, social and governance" factors, otherwise known as sustainable investing, is a growing business. Global sustainable funds attracted $134 billion in net inflows in the third quarter, and the combined total of assets in these ESG funds hit $3.9 trillion at the end of September, according to Morningstar . Despite the rapid pace of growth in this space, some stocks with strong or improving ESG performance have remained under the radar, according to Goldman Sachs. The bank's analysts screened for underweighted companies within its ESG fund universe that stand out on operational environmental and social performance, as well as product impact. All of them have a buy rating from the bank. Within the Americas region, stocks that turned up on the bank's screen include engineering firm KBR , investment bank Jefferies , real estate investment trust Realty Income , industrial conglomerate Honeywell , energy firm Enel Chile , and software company Salesforce . The screen also turned up a slew of European stocks, including wealth manager Investec , low-cost airline easyJet , property developer Derwent London , French aircraft equipment manufacturer Safran , U.K. pharmaceutical giant GlaxoSmithKline , French utility company Engie and financial services firm Legal & General . A raft of Asian stocks made the screen too, such as Toyota , sportswear retailer Asics , BOC Hong Kong , Samsung Life Insurance , Hua Hong Semiconductor , WuXi Biologics , Jiangxi Copper and Australian mining company OZ Minerals . ESG fund favorites Goldman Sachs also studied the holdings of more than 3,000 funds globally with assets under management totaling more than $1.9 trillion to identify ESG fund favorites — stocks that have the most overweight ratings relative to their benchmark. The bank's screen turned up Japanese water treatment solutions provider Kurita Water Industries , Dutch technology firm Aalberts , Spanish renewable energy firm EDP Renovaveis , Minnesota-based water treatment firm Pentair , Israeli photovoltaics company SolarEdge , Swiss industrials manufacturer Georg Fischer and Hong Kong-listed Xinyi Solar as the most overweight stocks. In addition, Goldman screened for companies that are most widely owned by the ESG funds under analysis. Microsoft , ASML , Schneider Electric , Roche , Novo Nordisk , SAP , Nvidia , AstraZeneca and Apple made up the top 10. Thermo Fisher , Deutsche Post , LVMH , I nfineon , BNP Paribas and Texas Instruments made Goldman's list for the first time. On a sector level, "industrials, utilities, materials and healthcare — sectors with high prevalence of products directly enabling beneficial environmental and social impacts — continue to stand out as sectors most overweighted by ESG funds," the analysts said. The materials sector saw the largest increase in representation within the list, with stocks such as Belgian mining company Umicore , British chemicals firm Johnson Matthey , Danish bioscience company Chr Hansen , Danish biotechnology firm Novozymes and U.S. water and hygiene company Ecolab having the largest overweight among materials companies, the analysts said. Meanwhile, consumer staples and health care saw "modest" increases, including names such agri-food business Darling Ingredients , Swedish hygiene and health company Essity , U.S. diagnostics and life sciences firm PerkinElmer and analytical instrumentation manufacturer Agilent , the analysts added. A Goldman Sachs sign at at NYSE. Brendan McDermid | Reuters

https://www.cnbc.com/2021/10/27/cramers-lightning-round-amphenol-corp-is-a-buy.html

O

Realty Income

Cramer's lightning round: Amphenol Corp. is a buy

Stag Industrial : "I think it's a very good read. I happen to like Realty Income , which is [ticker symbol 'O']. ... But yours is good, too." Meritor : "What's happening is all those kinds of companies are under pressure because people feel there are supply chain issues, and they won't be able to build enough trucks and they won't be able to build enough cars, and so therefore Meritor doesn't do well. I think you must hold onto this, sir." Array Technologies : "Look, I would buy Enphase up here versus doing that. I'm not kidding. Enphase, even after today's run, represents better value than that stock. Let's not go down the food chain. Start at the top." MP Materials : "I've seen this rap again and again on these guys. Now, I was critical of them for selling stock, but it hasn't done anything. It's actually held up better than a lot of other SPACs. Look, I think the stock is not going to go down much from here. That story is old, I feel, and they just brought it out again. They knocked the stock down. I guess they're happy. I guess that's what they wanted." OneMain Holdings : "When I see personal and auto loan, I always hesitate. Let's have them on. The reason why I say this is because ... companies can lose money in this stuff, so I want to know more about these guys. It's important. It just seems too cheap. I don't get it. It's at like four times earnings. I've got to figure out what's wrong." Amphenol Corp .: "I've always liked Amphenol. Amphenol is just the building blocks, the plumbing, it's just the cables that are everywhere, and they're omnipresent. Amphenol is a buy." Nokia : "Nokia is coming around. Nokia is actually getting better. Now it's not going to be a straight line, but the company ... is out of critical care. It's recuperating. I think that's the best way to look at it." Radware : "You know anything security solutions like that I'm going to like, but I do want to come back over and over again: Palo Alto Networks is the best."

https://www.cnbc.com/2016/07/14/power-play-adding-blue-chips-to-your-portfolio.html

O

Realty Income

Power Play: Adding blue chips to your portfolio

Stocks are rallying on Thursday, with the Dow and setting new intraday highs. Even though the market is in record territory, John Augustine, chief investment officer of Huntington Bank, tells CNBC's "Power Lunch" he still sees lots of opportunities. "We are adding to U.S. mid and small-caps for EPS growth and relative valuation and we are adding to high yield and TIPS bonds for fixed income diversification," Augustine said. Read More What JPMorgan signals about the stock market for now He believes the key is not betting against the U.S. economy. Three of his top holdings are blue chip stocks, Lockheed Martin , Realty Income and Crown Castle International . Lockheed Martin, Realty Income and Crown Castle are all lower during trading, but have double-digit gains year-to-date.

https://www.cnbc.com/2020/04/03/cramer-lightning-round-delta-air-lines-is-not-a-buy.html

O

Realty Income

Cramer's lightning round: Delta Air Lines is not a buy

Alteryx : "Alteryx is the kind of stock that when the smoke comes out of this market and we go back and see what really works it is better software than what we have. People don't like these stocks right now, but they always come back because they've got great growth. So I'm going to say buy." Invitae Corp. : "Very, very, very dicey. ... I would rather just see you buy Johnson & Johnson , to be honest." Delta Air Lines : "No. No, you're not interested in Delta Air Lines. You're not going to be interested in any airline because a lot of these airlines are going to end up having to take money from the government and by the time they do that then you're going to be so diluted that you're not going to make any money." Realty Income : "No. No, you're 24. I want you to go for growth. You've got plenty of time to get income. You've got to go for companies that are down and out stocks, but fantastic growth. You should look at a stock like Alterxy. That would be good," or Okta or Constellation Brands . Upwork Inc .: "That is an interesting idea. You know what, I am glad you brought that to my attention. Let me do some work on that." Switch Inc .: "If you want to go with Switch, I'm going to bless it. Why? Because the data center is hotter than it's ever been because of the amazing amount of traffic that people who work at home are generating." Nokia : "If you want to go there, we had Marvell on the other day. They've got a good deal with Nokia ... but Nokia itself is not good enough for your money."

https://www.cnbc.com/2018/10/23/cramers-lightning-round-buy-canopy-for-non-opioid-health-investment.html

O

Realty Income

Cramer's lightning round: If you want to invest in non-opioid painkillers, buy Canopy Growth

Heron Therapeutics : "I think we have to be careful, frankly, because I'd rather see you buy Canopy [Growth] because that's a non-opioid painkiller if there ever were one. Canopy was being used to be able to get short the entire plethora of all these pot stocks in Canada and Canopy's incredibly cheap with a lot of cash underneath. I'd rather see you own that stock." Realty Income Corp. : "No. If I'm going to go with a real estate investment trust, I'm going to go where I think that there is now no longer a surfeit of properties. That's nursing homes, and I want to buy Ventas , [which has a] 5.7 percent yield." KLX Energy Services Holdings, Inc. : "I think that [a price-to-earnings multiple of 3] means that it's the absolute peak, and if I were you, I would sell, sell, sell." STMicroelectronics N.V. : "Commodity play. No interest in it whatsoever. I've got some very good semiconductor [stocks] like Texas Instruments that are down really bad after the close. Can't make a judgment on why to buy STMicro." Fifth Third Bancorp : "I will tell you that I saw this group put in a bottom today and I think you can actually finally pick up some Fifth Third. It's been a hideous, hideous decline for these stocks and I think the decline is being put in in the same way I think that the bottom in housing [stocks] is being put in." LKQ Corp. : "No, you can't sell it down here. This stock is in a house of pain, but it's really ridiculous. It shouldn't be this low. It's a pretty good company. It's got a very low [price-to-earnings multiple]. I would be a buyer."

https://www.cnbc.com/id/39849478

REG

Regency Centers

Lightning Round: Polaris Industries, ConAgra Foods, Range Resources and More

ConAgra Foods : “I didn’t like the quarter,” Cramer said. MIPS Technology : “It had a blowout quarter,” Cramer said. “And it’s not done going up. I think the stock could keep going higher.” Range Resources : The only natural-gas stock Cramer will recommend right now is Chesapeake Energy’s preferred shares. Call Cramer: 1-800-743-CNBC Questions for Cramer? madmoney@cnbc.com Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

https://www.cnbc.com/id/39950433

REG

Regency Centers

The Only 2 Ways to Play Tuesday’s Midterms

And gold is making a “tremendous move,” maybe to $1,400 or $1,500 by the end of the year, Cramer said, because money is “going to be plowing into” the precious metal. In retail, high-end stores like Estee Lauder , Tiffany , Coach and Williams-Sonoma have shown that while there is some weakness in US consumer spending, it is not among the richest Americans. But there seems to be significant spending on the low end, too, he said, in stores like Family Dollar . It’s the “great middle,” Cramer said, where the shorts are putting on their positions, in Macy’s , Kohl’s and J.C. Penney . The “Mad Money” host disagrees with the shorts, though, saying, “A lot of these retailers have really found ways to be able to insulate themselves” against the recession. Cramer also noticed the rising share prices of Range Resources , EQT and National Fuel Gas in response to news that EXCO Resource’s CEO plans to take the company private. But NFG is the only one among them that qualifies for the move, as it’s the only company that has hired an investment bank to unlock the company’s value. “You have to want to sell in order to be able to participate in this rally,” Cramer said. Call Cramer: 1-800-743-CNBC Questions for Cramer? madmoney@cnbc.com Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

https://www.cnbc.com/id/41781388

REG

Regency Centers

Cramer: 7 Must-Watch Events Next Week

Cramer will look for earnings results from Range Resources , a natural gas company that will report after Monday's close. As the price of oil continues to climb, shares of this alternative energy play are flirting with highs. The "Mad Money" host doesn't recommend buying RRC at current levels, but is interested in CEO John Pinkerton's outlook on natural gas. TUESDAY Speaking of energy, McDermott International is scheduled to release earnings results on after Tuesday's closing bell. Based in Houston, McDermott is an engineering firm that focuses on offshore oil and gas construction. Being as rival Fluor recently reported a strong backlog, Cramer expects the same out of MDR. WEDNESDAY Technology giant Apple is expected to unveil the second generation iPad on Wednesday. Cramer thinks the announcement will be a great opportunity for second derivative plays, like ARM Holdings , Micron Technology , Skyworks Solutions and OmniVision Technologies . He also thinks it could help push the market higher, as Apple's major announcements had in the past. Joy Global , a mining equipment play, will deliver earnings before Wednesday's opening bell. The company is benefitting from increased infrastructure needs around the world, especially in China. After all, when people in developing countries move to cities, they need electricity and it's often powered by coal. Cramer expects Joy Global to report a strong quarter and looks forward to hearing about coal demand. From the retail space, Costco will share its earnings results before the bell on Wednesday. Cramer likes the discount retailer, but would wait for a pullback before buying shares. Being as Costco is taking share from rival Walmart , Cramer would buy COST on any weakness. THURSDAY H.J. Heinz will report earnings on Thursday. This stock, Cramer said, is immune to the Libyan unrest. He's interested to hear how about how things are going in emerging markets, as well as its lucrative baby formula business. FRIDAY Cramer is looking forward to the all-important jobs number, which will be released on Friday. In the past two months, the employment numbers have been disappointing. There has been, however, some small signs of improvement. He hopes the jobs number will show growth. Call Cramer: 1-800-743-CNBC Questions for Cramer? madmoney@cnbc.com Questions, comments, suggestions for the Mad Money Web site? madcap@cnbc.com

https://www.cnbc.com/id/41823259

REG

Regency Centers

Futures Gain Despite Consumer Spending

Stock index futures rose ahead of the open Monday despite news consumer spending rose at a slower pace than income growth last month. Consumer spending gained 0.2 percent in January, the Commerce Department reported. Economists surveyed by Reuters had forecasted spending would rise by 0.4 percent. Incomes, meanwhile, rose 1.0 percent last month, the largest increase since May 2009, while savings gained the most since August, rising to $677.1 billion from $620.9 billion in December. Reassurances from Saudi Arabia that extra supply needs had been metsomewhat eased investor concerns, although the potential effects of rising energy costs on the economic recovery remain worrisome. Stocks rose on Friday, bouncing back from a three-day sell-off. Oil prices rose more than $1 per barrel early on Monday as protests in Oman fueled wider concern about security of supply from the Middle East, but prices turned lower after Saudi Aramco CEO Khalid al-Falih said the shortfall resulting from violent uprisings in OPEC member Libya had been made up. Late on Friday, J.P. Morgan upped its forecast for 2011 Brent crude by nearly 14 percent as supply tightens on lower Libyan output. The week is full of economic reports, including January pending home sales from the National Association of Realtors at 10 a.m. and the Chicago Purchasing Managers Index is released at 9:45 a.m. The index was expected to fall to 67.5 from 68.8 in January, a Briefing.com poll showed. But the big economic news of the week is Friday, when the nonfarm payroll report for February is released. Some economists expect as many as 200,000 nonfarm payrolls were added in February, after January's disappointing addition of just 36,000 non farm payrolls, about 100,000 below expectations.

https://www.cnbc.com/id/41056043

REG

Regency Centers

Stocks Slump; Industrials Rise; Merck Sinks

Stocks slipped as economic news released Thursday gave investors reason to pause a day after the market reached new multi-year highs. The Dow Jones Industrial Average dropped less than 10 points after hitting a two-year high on Wednesday. Merck, Alcoa and Microsoft led blue-chips lower, while DuPont and Caterpillar rose. The S&P 500 traded flat, while the tech-focused Nasdaq advanced. The CBOE Volatility Index, widely considered the best gauge of fear in the market, rose above 16. Among key S&P sectors, energy, health care and financials fell, while consumer staples rose. The dollar skidded against a basket of currenciesafter the jump in jobless claims was reported and as the euro gained, boosted too by a successful auction of Spanish bonds. Gold benefited from the U.S. economic news, rising to nearly $1,390 an ounce. "The momentum is for the market to go higher," Brian Battle, vice president of trading at the Performance Trust Capital Partners, told CNBC.com. Battle's concern, however, is that the "slow melt up" in the markets will force "shorts," out of the market, or those investors who bet that stocks will fall. "If we do get a correction, there’s nobody left to buy," Battle said, adding he isn't sure the economy is good enough to justify current levels. Battle also said traders were awaiting the results of the 30-year-bond auction expected at 1 p.m. today. The Fed's has been purchasing Treasury securities with maturies ranging from 7 to 10 years in support of the economy, according to the policy known as quantitative easing, meaning there is less support for longer-dated bonds, he said. If the auction is weak—meaning bond prices fall and yields rise—some investors may think it's a sign the economy is getting stronger, which would lead to more inflation and a justification for higher long-term rates, he said, while others may see higher rates as a drag on the economy as it will make it more expensive for businesses to operate. Banks weakened after surging Wednesday after brokerages issued upbeat outlooks for the sector. Bank of America dropped after Citi removed the bank from its "top picks live," list, which is intended for "short-term catalyst driven stocks." The brokerage maintained its "buy" rating on the bank, but said the near-term performance for the stock could be affected by mortgage repurchases and the fact earnings-per-share estimates for 2011 by the Street of $1.47 a share are too high. Citi has an EPS target of $1.15. Merck sank after the pharmaceutical company ran into problems over clinical trials with a cardiovascular drug called Vorapaxar. Shares of Marathon Oil surged to the top of the S&P 500 after the company announced it would shed its refinery and pipeline operations into a separate company. Elsewhere among energy stocks, Citi named the exploration and production sector among its top picks for 2011, specifically citing independent energy producers Anadarko Petroleum , Apache , and Talisman Energy . All, however, traded lower on Thursday as the price of oil continued to rise. Citi also upgraded Nexen , an independent Canadian energy company, to "buy" from "hold," and downgraded Newfield Exploration to "hold" from "buy" and Range Resources to "sell" from "hold." The price of oil slipped to about $91.30 a barrel, with losses limited by the fall in the dollar. General Electric rose after news its energy division was buying a power conversion companycalled Lineage Power Holdings for about $520 million. GE is CNBC's parent company.

https://www.cnbc.com/id/41056654

REG

Regency Centers

Stocks to Watch: Cummins, Pier 1 Imports and More ...

Stocks dropped after economic news released Thursday gave investors pause a day after the market reached new multi-year highs. The Dow Jones Industrial Average dropped more than 20 points after hitting a two-year high on Wednesday. So which individual stocks are worth watching today? Here are six that are on the move: Cummins Inc The commercial vehicle and truck manufacturer's price target raised to $125 from $116 at UBS. The firm said they expect monthly orders to remain strong in the first quarter. ---------- Pier 1 Imports Inc The home improvement retailer was downgraded to hold from buy at BB&T Capital Markets with shares down nearly 5% Thursday. ----------- Whole Foods Market Inc The natural foods supermarket was trading at levels not seen in more than three years. ----------- Range Resources Corporation The natural gas company are big players in the natural gas market. The company was downgraded to sell from hold at Citi. ----------- The Goldman Sachs Group Inc The investment banking firm was initiated buy at Collins Stewart with a $205 price target. ----------- Ultimate Software Group Inc The software company's shares were down 3% Thursday after the company said they have no plans to put itself up for sale. ______________________________ Get the latest stock picks on the CNBC Stock Blog, and see what analysts and others are watching before the bell each day at Analyst Watch.

https://www.cnbc.com/id/35782452

REG

Regency Centers

Lightning Round: J. Crew, Dole Food, IMAX and More

Range Resources : RRC is a buy, Cramer said, and "may be the best in show right here." Autodesk: Cramer said ADSK had a break-out chart, and he thinks it's a buy. J.Crew: JCG is a buy, Cramer said, even though this market is very heavy on retail right now. Expeditors International: Cramer said EXPD is too risky right now. Investors should be in UPS instead.

https://www.cnbc.com/id/36265233

REG

Regency Centers

Lightning Round: Gap, Bank of America, JDS Uniphase and More

Range Resources : Cramer said Anadarko Petroleum is the stock to own with natural gas prices so low and the commodity getting little support in Washington. APC has a better mix of oil and nat gas assets. Gap : Cramer thinks Gap goes to $30. It closed Thursday at $24.59. JDS Uniphase : Cramer said JDSU could reach as high as $20 from $13 and change. Bank of America : BAC is a buy, Cramer said. Las Vegas Sands : Cramer likes Wynn Resorts more than LVS. Skyworks Solutions : Cramer said SWKS is stalled at $15 before it eventually moves to $20. Call Cramer: 1-800-743-CNBC Questions for Cramer? madmoney@cnbc.com Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

https://www.cnbc.com/id/36875384

REG

Regency Centers

The Best NatGas Company You've Never Heard Of?

With BP’s big oil spill in the gulf, it might seem President Obama would focus more on natural gas — the cheaper, cleaner, abundant alternative that would create many high-paying jobs and allow us to stop subsidizing unfriendly foreign regimes. "I think you’d be wrong. This President has pledged his allegiance to the fairytale solution of clean coal through carbon capture, and remember he didn’t crack down on the coal industry after the terrible tragedy that befell the coal miners in West Virginia, along with pie-in-the-sky solar, wind and biomass," Cramer said. You can’t count on Presidential help for natural gas, he continued. If these stock’s are going to get any assistance, it’s coming from abroad — think about Reliance Industries' just closed $1.7 billion deal for 40 percent of new Cramer fave Atlas Energy’s core Marcellus Shale acreage position, or Mitsui’s joint venture with Anadarko , where it paid $1.4 billion for 32.5 percent of Anadarko’s Marcellus assets.

https://www.cnbc.com/id/35331606

REG

Regency Centers

Is Range Resources Worth Its Premium Price?

Cramer may have his reasons for liking natural gas – mainly it’s cleaner and more plentiful in the US than crude or coal – but in the end what we care about most is the money, he said on Wednesday. Over the past decade or two, these stocks have delivered spectacular returns, and that’s why the Mad Money host keeps returning to them. Range Resources has been mentioned on the show more than a few times. Cramer today called RRC among the best in the industry and talked up the stock’s over 200 percent jump during the past five years and about 2,500 percent in the last 10. Those results are better even than tough competitors like Chesapeake Energy , Devon Energy , Apache , Anadarko Petroleum and EQT . Attribute those stellar numbers to RRC's growing reserves, significant production growth and low-cost operations. There’s also the company’s shale exposure, too, with wells in the Barnett and Marcellus. In fact, Range Resources was the first to drill in the Marcellus back in 2004. It’s no wonder then that RRC trades at a premium to its peers. But Cramer wanted to look forward, not back, and find out if the company would continue to outperform. So invited he Chairman and CEO John Pinkerton onto the show for an interview. Watch the video. Call Cramer: 1-800-743-CNBC Questions for Cramer? madmoney@cnbc.com Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

https://www.cnbc.com/2020/03/03/regeneron-ceo-hopes-to-have-coronavirus-treatment-made-near-august.html

REGN

Regeneron

Regeneron CEO hopes to have coronavirus treatment ready for human testing possibly by this summer

Regeneron CEO Leonard Schleifer told CNBC on Tuesday that the pharmaceutical company hopes to have its coronavirus treatment produced and ready for human testing possibly by August. "How quickly that can deployed will depend on some of the early data that we have, some animal data, what we will see in patients," Schleifer said on "The Exchange." "I think that we can get a lot done very quickly." Regeneron, which developed an effective treatment for Ebola, has started the immunization process with its genetically engineered mice, Schleifer said. The mice are altered to have human immune systems. "We already have tubes with lots of antibodies in them. Over the course of the next weeks we're going to screen them for the best couple that we think could block this virus," said Schleifer, who founded Regeneron in 1988. "Then we're going to use our tricks to immediately get it into scale up and be making 200,000 prophylactic doses by August time frame," he added. Understanding the urgency with which the coronavirus needs to be confronted, Schleifer said Regeneron will be pursuing clinical trials and drug manufacturing at once. "We can do this in parallel," he said. "As soon as we get a green light that it looks good, we'll be able to deploy those large-scale approaches." Regeneron was one of about 10 companies that attended a meeting Monday at the White House to discuss progress on treatments for the coronavirus, which has continued to spread across the world. Programming note: Regeneron CEO Leonard Schleifer and Sanofi's John Reed will be joining us live at the CNBC Healthy Returns Summit in NYC on May 12. Visit cnbcevents.com/healthyreturns to learn more and register. There are at least 91,300 cases globally and at least 3,110 deaths. In the U.S., there are at least 108 cases and at least nine deaths. Regeneron, which is developing its drug in agreement with the Department of Health and Human Services, is not the only company pursuing a treatment for the coronavirus. Johnson & Johnson , Moderna Therapeutics and Sanofi Pasteur also are doing so. Dr. John Shiver, Sanofi Pasteur's senior vice president of global vaccine research and development, on Monday warned against overconfidence in developing a coronavirus vaccine. Regeneron is developing a treatment, not a vaccine. "We think there are good tools and approaches at hand that will find success, but we should not be too overconfident that this can happen quickly," Shiver told CNBC. Both Shiver and Schleifer said pharmaceutical companies have acted cooperatively. The companies aren't competing against each other, Schleifer said, but instead are battling the coronavirus. Schleifer also said Regeneron was committed to making its drug affordable for patients. "It doesn't do us any good, if we want to save lives, to make something that's not affordable," he said. "We will make this drug affordable."

https://www.cnbc.com/2020/06/11/regeneron-begins-human-testing-of-its-coronavirus-antibody-drug.html

REGN

Regeneron

Regeneron sees 'a lot of reason for hope' as human testing of its coronavirus drug begins

Regeneron Pharmaceuticals announced Thursday that it's started the first clinical trial of its experimental coronavirus antibody drug. The antibody cocktail is being tested in four human populations. Two groups of people will receive the drug to test its effectiveness as a treatment for Covid-19; the other two will receive it as a possible prevention. "We'll be hopefully to quickly test the safety and then start understanding the efficacy for four major different settings of this virus challenge," Regeneron's chief scientific officer, Dr. George Yancopoulos, said on CNBC's "Squawk Box." Yancopoulos said he thinks that, "if all goes well," the company could have "definitive data" within a few months on the effectiveness of the antibody cocktail. "I think there's a lot of reason for hope," Yancopoulos said, noting the company's work on Ebola. But he also stressed the unpredictable nature of science and biology, saying "there's always reasons to be concerned and to be cautious." "So we're going to be moving forward very carefully, hand-in-hand in with the FDA, and we hope sooner rather than later we can get answers that can really make a difference," he said. Regeneron is the latest company to begin trials for a potential Covid-19 therapy. Eli Lilly , which began trials of its antibody drug earlier this month, said a treatment could be authorized, if all goes well, for use as early as September. In scientific trials so far, Gilead Sciences 's antiviral remdesivir is the only drug to show some effectiveness in treating the disease. There are more than 7.4 million confirmed cases of Covid-19 in the world, including over 2 million in the U.S., according to the latest data from Johns Hopkins University. More than 417,100 people have died worldwide, with over a quarter of the fatalities in the U.S. Regeneron's drug is being tested on four distinct types of patients, including "the sickest patients" who are hospitalized and on a ventilator or oxygen support, Yancopoulos said. It's also being tested to see whether it can prevent high-risk people from contracting the disease, such as health-care workers. The drug, known as REGN-COV2, is a combination of two antibodies. Yancopoulos said Regeneron firmly believes this is the correct approach to treat Covid-19 when using antibodies. "Just like with conventional, old fashion antiviral drugs, giving one can have enormous benefit initially but it can lead to the selection and the arise of escaped viral mutants, which can could be very dangerous and risky," he said. "What we showed is that in order to prevent this, you have to give these antibodies in cocktails."

https://www.cnbc.com/2021/11/04/stocks-making-the-biggest-moves-premarket-regeneron-planet-fitness-viacomcbs-and-more.html

REGN

Regeneron

Stocks making the biggest moves premarket: Regeneron, Planet Fitness, ViacomCBS and more

Check out the companies making headlines before the bell: Regeneron Pharmaceuticals (REGN) – The drug maker's shares rallied 2.7% in the premarket after it reported a significant beat on both the top and bottom lines for its latest quarter. Regeneron earned an adjusted $15.37 per share, well above the $10.10 consensus estimate, on strong sales of its Covid-19 antibody cocktail as well as other treatments. Planet Fitness (PLNT) – The fitness center operator's stock surged 4.7% in premarket action after beating on the top and bottom lines and raising its full-year revenue forecast. Planet Fitness earned an adjusted 25 cents per share for its latest quarter, 7 cents above estimates. ViacomCBS (VIAC) – ViacomCBS rose 1.2% in premarket trading after its quarterly earnings matched estimates and revenue came in better than expected. Results got a boost from strength in the company's streaming and TV businesses. Moderna (MRNA) – Moderna tumbled 12.1% in premarket action, following quarterly shortfalls in both earnings and revenue as well as a cut in the drug maker's full-year earnings outlook. Moderna earned $7.70 per share for its latest quarter versus the $9.05 consensus estimate. Wayfair (W) – The online home goods seller slid 4.4% in the premarket after it reported an unexpected quarterly profit but saw revenue fall below analyst forecasts. Wayfair noted that spending has started to transition toward brick-and-mortar stores post-pandemic and it may take a few quarters for its growth to return to normal levels. Booking Holdings (BKNG) – Booking Holdings rallied 4.6% in the premarket after the travel company reported better-than-expected profit and revenue for its latest quarter. The Priceline parent earned an adjusted $37.70 per share, compared with the $32.90 consensus estimate, and investors so far are shrugging off the company's cautionary comments about a Covid-19 resurgence in Europe. Qualcomm (QCOM) – Qualcomm beat estimates by 29 cents with adjusted quarterly earnings of $2.55 per share, and the chip maker's revenue also beat forecasts. Qualcomm also forecasts strong growth, driven by demands for 5G smartphone technology. Shares jumped 8.3% in premarket trading. Electronic Arts (EA) – Electronic Arts reported an adjusted quarterly profit of $1.49 per share, compared with a consensus estimate of $1.17. The video game maker also beat on the top line. EA also raised its full-year outlook amid strength in its sports-themed games. Electronic Arts added 2.9% in the premarket. Take-Two Interactive (TTWO) – Take-Two had a quarter that mirrored rival Electronic Arts, beating on both the top and bottom lines, and raising its outlook. Take-Two reported adjusted earnings of $1.63 a share, beating the consensus estimate of $1.34, and its stock added 1.1% in premarket action. Roku (ROKU) – Roku shares slid 7.9% in premarket trading despite an earnings beat. The video-streaming device maker earned 48 cents per share for its latest quarter, well above the 6-cent consensus estimate, but revenue fell short of forecasts and the company issued a lower-than-expected revenue forecast for the holiday quarter. Etsy (ETSY) – The online crafts marketplace issued weaker-than-expected current-quarter revenue guidance although it did beat forecasts for its most recent quarter, coming in 8 cents above estimates with earnings of 62 cents per share. MGM Resorts (MGM) – MGM rallied 4.3% in the premarket after announcing plans to sell the operations of its Mirage casino in Las Vegas to another operator. MGM said no sales agreement has been reached, however, and it did not disclose the name of any potential buyers.

https://www.cnbc.com/2020/03/18/regeneron-begins-clinical-trials-to-treat-severe-covid-19-symptoms.html

REGN

Regeneron

Regeneron to treat coronavirus patients this week in trial using its rheumatoid arthritis drug

Regeneron Pharmaceuticals this week initiated test trials of an arthritis drug as a potential remedy for the worst symptoms of COVID-19, the disease caused by the novel coronavirus. The biotech giant announced Monday it launched a clinical program using Kevzara, a commercial medicine that treats active rheumatoid arthritis, and recruiting hospitalized patients experiencing severe symptoms of the respiratory illness. "We did something that's never been done in record time," launching a study in New York state "where we're going to already be treating patients with this," Regeneron Chief Scientific Officer Dr. George Yancopoulos told CNBC's Jim Cramer on Tuesday. The Regeneron co-founder and president hopes within a few weeks that results will support findings from China, where health officials tried a variety of medicines to combat the disease as the virus spread quickly. Kevzara is an antibody that could help prevent the lungs from triggering an overactive inflammatory response, Regeneron said. "The one thing everybody got excited about is something that blocked inflammation. This was done in an uncontrolled way, not a randomized controlled study," Yancopoulos said in the "Mad Money" interview. Regeneron is working with the U.S. Food and Drug Administration and the U.S. Department of Health and Human Services' Biomedical Advanced Research and Development Authority to get the trials underway, he added. If successful, it could be used as an immediate remedy for patients in critical condition. "[W]e're going to be hopefully seeing within a few weeks whether this really replicates and confirms the positive suggestions that are coming out of China," Yancopoulos said. "If they are, it means for the most seriously ill patients we may have something that keeps them from having to go on ventilators or be able to maybe take off ventilators." Regeneron is working on the clinical program with Sanofi, the French drugmaker leading the study abroad. The biotech companies co-developed Kevzara, which received FDA approval in 2017. The U.S. trial will launch in medical centers in New York, the state hardest hit by the coronavirus pandemic, and is expected to enroll as many as 400 patients in more than a dozen states. The second phase of the program will study long-term outcomes, according to a press release. "This could in a very short time give hope to the most critical people," Yancopoulos said. Outside of the Kevzara trial, Regeneron announced Tuesday it plans to begin testing a coronavirus antibody treatment on humans sooner than once expected. The company moved its timeline up for human testing from late summer to early summer. There are more than 7,300 confirmed cases in the United States as of Wednesday afternoon, according to data compiled by Johns Hopkins University.

https://www.cnbc.com/2020/10/08/regeneron-requests-eua-from-the-fda-for-coronavirus-treatment.html

REGN

Regeneron

Regeneron requests emergency use approval for antibody treatment taken by Trump; stock rises 4% in premarket

Regeneron 's stock price rose over 4% in premarket trading Thursday after the company submitted an "emergency use authorization" request to the U.S. Food and Drug Administration for its Covid-19 antibody treatment. Its REGN-COV2 monoclonal antibody coronavirus therapy is what President Donald Trump took last week after being diagnosed with Covid-19. He has since described it as a "cure" even though there's no such scientific proof. The biotech company published a statement Wednesday noting that "if an EUA is granted the government has committed to making these doses available to the American people at no cost and would be responsible for their distribution." The treatment is now available for about 50,000 patients, Regeneron said, "and we expect to have doses available for 300,000 patients in total within the next few months." REGN-COV2 is a combination of two monoclonal antibodies and was "designed specifically to block infectivity" of the virus that causes Covid-19. Trump was given an 8 gram dose of the antibody cocktail early in the course of his infection, despite it not being authorized by the FDA.

https://www.cnbc.com/2020/10/28/regeneron-says-its-covid-19-antibody-treatment-cut-medical-visits-in-trial.html

REGN

Regeneron

Regeneron says its Covid-19 antibody treatment cut medical visits in trial

A technician prepares a flow cell slide for loading onto a genetic sequencing machine at a Regeneron Pharmaceuticals laboratory in Tarrytown, N.Y. Regeneron Pharmaceuticals said on Wednesday its coronavirus antibody cocktail — the experimental treatment that U.S. President Donald Trump received — significantly reduced medical visits in a trial of nearly 800 patients with mild-to-moderate Covid-19. Regeneron said patients given the treatment, REGN-COV2, made around 57% fewer Covid-19 related medical visits than those given a placebo over a 29 day period. The drop was around 72% in patients with one or more risk factors such as being over age 50, obesity, cardiovascular, metabolic, lung, liver or kidney disease, or an immunocompromised status. Last month, the company released early data from the trial showing the treatment reduced viral levels and improved symptoms in non-hospitalized Covid-19 patients. The new data confirm the initial findings, the company said. Regeneron's drug is a cocktail of two monoclonal antibodies — manufactured copies of antibodies that are one of the main weapons the immune system generates to fight infections. Trump has credited the Regeneron therapy for his recovery from Covid-19 and said he would push for emergency use authorization (EUA) of that treatment and others like it. He also said he wanted it to be provided at no cost to Americans. The company earlier this month filed with the U.S. Food and Drug Administration seeking a EUA for the dual-antibody therapy. It said it has shared the new data with the regulator as part of the review of its request. Eli Lilly makes a similar drug and also filed for a EUA. The company signed a $375 million contract to provide 300,000 doses of its treatment to the U.S. government on Wednesday. Regeneron said earlier this month it had around 50,000 doses of its treatment ready for distribution. The U.S. government agreed in June to buy up to 300,000 doses of the antibody cocktail for $450 million.

https://www.cnbc.com/2020/03/17/regeneron-aims-to-have-coronavirus-drug-ready-for-testing-early-summer.html

REGN

Regeneron

Regeneron aims to have coronavirus antibody treatment ready for human testing by early summer

"There are always so many moving parts, but … we're hitting our best numbers, our best timelines, and things are going really well," Dr. George Yancopoulos, Regeneron's co-founder, president and chief scientific officer, said in a telephone interview Monday night. The company had previously said it aimed to have hundreds of thousands of doses ready for human testing in late summer, so the new goal is a significant acceleration. Regeneron said it plans to start large-scale manufacturing by the middle of next month and still plans to ramp up to hundreds of thousands of preventive doses a month by the end of summer. The approach involves creating antibodies to the virus that could be used to treat the disease and to prevent it, Regeneron said in a statement Tuesday. Biotech giant Regeneron said it aims to have doses of a potential drug for COVID-19 ready to start human clinical trials by early summer. Regeneron is developing the therapy the same way it created a drug for Ebola, which is now under review by the FDA, and four other drugs already on the market: It uses mice genetically engineered to have human-like immune systems. The mice are exposed to a target protein and generate human antibodies in response. Those antibodies are now used in medicines approved to treat such maladies as asthma, high cholesterol, rheumatoid arthritis and cancer. The approach has been heralded by health experts including former Food and Drug Administration Commissioner Dr. Scott Gottlieb as among the most promising for new tools to apply against the novel coronavirus potentially in the fall, when infections could resurge even if they tamp down during the summer. For COVID-19, the mice were exposed to part of the SARS-CoV-2 virus. Regeneron said its scientists have now isolated hundreds of antibodies that neutralize the virus, and they're sorting through them — as well as antibodies isolated from people who have recovered from COVID-19 — to find the best two with which to create a cocktail treatment. Yancopoulos said Regeneron plans to combine two antibodies because "you want to ensure if, God forbid, there's a mutation or variation in the virus, you don't lose [efficacy] due to that one antibody." For Ebola, Regeneron used the same approach to create a three-antibody cocktail, which proved life-saving in a clinical trial in the Democratic Republic of Congo in 2018. The approach to provide treatment and protection in one potential medicine for COVID-19 puts Regeneron somewhere in between the vaccine projects underway at Moderna , Johnson & Johnson , Sanofi, and others, and the hunt for medicines across the industry, including at Gilead Sciences . Yancopoulos said the duration of protection that Regeneron's antibodies could provide is unknown before human studies are run, but extrapolating from earlier experience, they "expect one dose to last at least a month." The dose needed for protection is a lot less than for treatment after someone is infected, he said, which is why Regeneron's goal of hundreds of thousands of doses by late summer applies to preventive use. "For every hundred people you 'prophylax,' you can probably treat like five or 10 people," Yancopoulos said. He noted the first people likely to receive the prophylactic treatment would be health-care workers and others at high risk for the disease. They would likely need a dose once a month until a vaccine conferring longer-term immunity becomes available. (National Institute of Allergy and Infectious Diseases Director Dr. Anthony Fauci, who is leading the nation's COVID-19 vaccine development, has said a vaccine won't be available for a year to 18 months.) And though Regeneron is meeting its own most optimistic timelines for the project, Yancopoulos said, "it still depends on a lot of things going right. This is biology, not coding or writing an app. There are a lot of things that can still go wrong." The company also said Monday it is starting clinical trials of its rheumatoid arthritis drug, Kevzara, to treat the severe immune response that can occur in the lungs of patients with COVID-19. Since that drug is already on the market, it could provide an immediate option for the most critical patients, if it's successful. "We really do feel," Yancopoulos said, "like we've been preparing for years for this opportunity to make a difference."

https://www.cnbc.com/2020/12/31/west-virginia-mistakenly-gives-42-peoplegiven-regeneron-iv-covid-treatment-instead-of-vaccine-shot-west-virginia-national-guard-says-.html

REGN

Regeneron

West Virginia health officials mistakenly gave 42 people Regeneron IV Covid treatment instead of vaccine shot

A pharmacist dilutes the Pfizer COVID-19 vaccine while preparing it to administer to staff and residents at the Goodwin House Bailey's Crossroads, a senior living community in Falls Church, Virginia, on December 30, 2020. Dozens of people in West Virginia were mistakenly given Regeneron 's Covid-19 antibody treatment instead of the Moderna vaccine, the West Virginia National Guard announced Thursday. The state's National Guard said 42 people received the treatment, which is given intravenously, at a vaccination clinic staffed by the Boone County Health Department. The National Guard said it learned of the error on Wednesday. Everyone who received the antibody treatment instead of the vaccine, which is given via a shot in the arm, have been contacted, Julie Miller, an administrator for the Boone County Health Department, told CNBC by email. She added that "we do not believe there is any risk of harm." Regeneron's monoclonal antibody treatment, which needs to be administered through an IV drip, is seen as a promising treatment for Covid-19 — especially when administered early on in the course of infection. But the mix-up in West Virginia is just one example of confusion in the rush to distribute the vaccine to tens of millions of people. The rollout has been slower than expected and marked by logistical challenges. "It has been determined that this was an isolated incident," Miller said. "All of the affected individuals will be offered the COVID-19 vaccine today." She said the health department will work closely with the state National Guard and the Department of Health and Human Resources to review its policies and procedures. Miller did not provide any details on what caused the mix-up. Representatives for the West Virginia National Guard and the West Virginia governor's office did not return CNBC's request for further comment on how the mistake occurred. Maj. Gen. James Hoyer, adjutant general of the West Virginia National Guard, said in a statement that his troops "acted right away" to correct the error as soon as they found out what happened. "We immediately reviewed and strengthened our protocols to enhance our distribution process to prevent this from happening again," he said in a statement. He added that the state will continue to ramp up distribution of the vaccine "to save more and more lives every single day." Dr. Clay Marsh, the state's Covid-19 Czar, noted in a statement that the Regeneron treatment mistakenly administered instead of the vaccine is the same product "that was administered to President Trump when he became infected." "While this injection is not harmful, it was substituted for the vaccine," he said. "But this occurrence provides our leadership team an important opportunity to review and improve the safety and process of vaccination for each West Virginian."

https://www.cnbc.com/2021/01/26/regenerons-antibody-cocktail-is-effective-in-preventing-covid-infection-study-shows.html

REGN

Regeneron

Regeneron's antibody cocktail is effective in preventing Covid infection, study shows

An employee works in a lab at the Regeneron Pharmaceuticals Westchester campus in Tarrytown, New York, U.S. September 17, 2020. Regeneron Pharmaceuticals said on Tuesday its antibody cocktail was effective in preventing Covid-19 in people exposed to those infected with the new coronavirus, based on interim results from a late-stage study. The two-antibody cocktail, REGEN-COV, caused a 100% reduction in symptomatic infection and roughly 50% lower overall rates of infection, based on an analysis of about 400 participants in the trial who had a household member with Covid-19. Regeneron said it would discuss the interim results with U.S. health regulators to potentially expand the antibody cocktail's current emergency use authorization (EUA). Full data from the trial is expected early in the second quarter The U.S. Food and Drug Administration in November granted EUA to the antibody cocktail for the treatment of mild to moderate Covid-19 in adults and children. The current trial tested REGEN-COV for use as a passive vaccine, which involves directly delivering virus-fighting antibodies into the body unlike traditional vaccines in which the receiver's immune system is activated to develop its own antibodies. REGEN-COV may be able to provide immediate passive immunity to those at high risk of infection, in contrast to active vaccines that take weeks to provide protection, the company said. "These data using REGEN-COV as a passive vaccine suggest that it may both reduce transmission of the virus as well as reduce viral and disease burden in those who still get infected," said George Yancopoulos, president and chief scientific officer of Regeneron. The drugmaker also expects REGEN-COV to help people who respond poorly to vaccination. During the trial, jointly run by Regeneron and the National Institute of Allergy and Infectious Diseases, one death and a Covid-19 related hospitalization were reported among those who received placebo, but there was no such incident in the treatment group, the company said. REGEN-COV is also being studied in two late-stage hospitalized patient trials and a late-stage trial for the treatment of non-hospitalized patients.

https://www.cnbc.com/2020/11/05/regeneron-pharmaceuticals-regn-earnings-q3-2020.html

REGN

Regeneron

Regeneron beats profit estimates as easing pandemic curbs lift eye drug sales

Medical technicians work at a drive-through coronavirus disease (COVID-19) testing facility at the Regeneron Pharmaceuticals company's Westchester campus in Tarrytown, New York, September 17, 2020. Regeneron Pharmaceuticals surged past analysts' estimates for quarterly profit on Thursday, as easing lockdowns allowed patients to resume visits to the doctor's offices and boosted sales of its eye drug. The company, whose Covid-19 antibody treatment President Donald Trump received during his illness early last month, said it would have 80,000 doses of the treatment ready by the end of this month, and 300,000 doses by end-January. One analyst said the production of the drug could be slightly behind schedule, as the company waits for U.S. emergency use authorization. "Last discussion we had with management indicated 300K by year-end 2020," said Piper Sandler analyst Christopher Raymond. The U.S. government agreed in June to buy up to 300,000 doses of the Regeneron antibody cocktail for $450 million. Treatments and vaccines are increasingly looked at as essential in ending the Covid-19 pandemic that has killed over a million people worldwide. Sales of Eylea, its blockbuster eye treatment, rose to $2.10 billion in the third quarter, topping estimates of $1.75 billion, according to four analysts polled by Refinitiv. Sales of Dupixent, used to treat eczema and asthma, surged 69.4% to $1.07 billion, inching past estimates of $1.06 billion. Shares of the company rose 1.7% to $596.88 before the opening bell. Net profit rose to $842.1 million, or $7.39 per share, in the three months ended Sept. 30, from $669.6 million, or $5.86 per share, a year earlier. Excluding items, Regeneron earned $8.36 per share, beating estimates of $7.14. Total revenue rose 31.6% to $2.29 billion, also beating estimates of $2.09 billion, according to IBES data from Refinitiv.

https://www.cnbc.com/id/46195964

RF

Regions Financial Corporation

Your First Move For Tuesday January 31st

Click here to see other Final Trade posts. ----------------------------------------------------------- NEW SLIDESHOW: The Top Secrets of Pro Traders ----------------------------------------------------------- ______________________________________________________ Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com. Trader disclosure: On Jan. 30, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Terranova owns AXP; Terranova owns F; Terranova owns APC; Terranova owns WFM; Terranova owns OXY; Terranova owns XOM; Terranova owns TRLG; Terranova owns SBUX; Terranova owns JNPR; Terranova owns VRTS; Terranova owns IBM; Terranova owns LQD; Terranova owns SU; Terranova owns SJM; Terranova owns BRCM; Terranova owns MUB; Terranova owns EMC; Terranova owns CSCO; Terranova owns V; Adami owns C; Adami owns GS; Adami owns INTC; Adami owns AGU; Adami owns MSFT; Nations is long BAC; Nations is long C; Nations is long SPY; For Amelia Bordeau No disclosures For Emil Brolick No disclosures For Dennis Gartman Gartman is long gold Gartman is short Euro For William Duff Gordon No disclosures For Kathleen Smith Renaissance has a position in RENN Renaissance has a position in ZNGA Renaissance has a position in GRPN For Fred Cannon Bank of America Corp. (BAC - $7.29, Market Perform) KBW expects to receive or intends to seek compensation for investment banking services from Bank of America Corp. in the next three months. KBW currently makes a market and/or acts as a liquidity provider in Bank of America Corp. securities Regions Financial Corporation (RF - $5.31, Market Perform) KBW expects to receive or intends to seek compensation for investment banking services from Regions Financial Corporation in the next three months. KBW currently makes a market and/or acts as a liquidity provider in Regions Financial Corporation securities U.S. Bancorp (USB - $27.86, Outperform) KBW expects to receive or intends to seek compensation for investment banking services from U.S. Bancorp in the next three months. KBW currently makes a market and/or acts as a liquidity provider in U.S. Bancorp securities.

https://www.cnbc.com/id/44199527

RF

Regions Financial Corporation

'Unmitigated Bear Market' Will Continue: Gartman

On Thursday, European equities suffered their biggest daily fall since March 2009, as data across the euro zone indicated that recent gloominess in the region will continue. There was talk of a Black Friday in Germany, the euro zone's biggest economy, after the Dax was Thursday's biggest faller in Europe. Analysts at prominent banks slashed their forecasts for global and US growth as fears of a second recession within three years grew. Politicians in the euro zone and the US were criticized for their monetary policies. Morgan Stanley cut its global growth forecast for 2011 and 2012 Thursday and warned the U.S. and the euro zone were "dangerously close to a recession." Citi slashed its forecast for US growth and issued a gloomy prognosis over the economy's "inability to mount a full recovery."

https://www.cnbc.com/id/46195818

RF

Regions Financial Corporation

Wendy’s CEO Reveals Plan for Turnaround

______________________________________________________ Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com. Trader disclosure: On Jan. 30, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Terranova owns AXP; Terranova owns F; Terranova owns APC; Terranova owns WFM; Terranova owns OXY; Terranova owns XOM; Terranova owns TRLG; Terranova owns SBUX; Terranova owns JNPR; Terranova owns VRTS; Terranova owns IBM; Terranova owns LQD; Terranova owns SU; Terranova owns SJM; Terranova owns BRCM; Terranova owns MUB; Terranova owns EMC; Terranova owns CSCO; Terranova owns V; Adami owns C; Adami owns GS; Adami owns INTC; Adami owns AGU; Adami owns MSFT; Nations is long BAC; Nations is long C; Nations is long SPY; For Amelia Bordeau No disclosures For Emil Brolick No disclosures For Dennis Gartman Gartman is long gold Gartman is short Euro For William Duff Gordon No disclosures For Kathleen Smith Renaissance has a position in RENN Renaissance has a position in ZNGA Renaissance has a position in GRPN For Fred Cannon Bank of America Corp. (BAC - $7.29, Market Perform) KBW expects to receive or intends to seek compensation for investment banking services from Bank of America Corp. in the next three months. KBW currently makes a market and/or acts as a liquidity provider in Bank of America Corp. securities Regions Financial Corporation (RF - $5.31, Market Perform) KBW expects to receive or intends to seek compensation for investment banking services from Regions Financial Corporation in the next three months. KBW currently makes a market and/or acts as a liquidity provider in Regions Financial Corporation securities U.S. Bancorp (USB - $27.86, Outperform) KBW expects to receive or intends to seek compensation for investment banking services from U.S. Bancorp in the next three months. KBW currently makes a market and/or acts as a liquidity provider in U.S. Bancorp securities. CNBC.com with wires

https://www.cnbc.com/id/42597889

RF

Regions Financial Corporation

Black Swans Keep Hedge Funds on Defensive

Some hedge funds have begun hoarding cash. How come? Are they preparing from some kind of disaster? Get all the details from Emma Sugarman of BNP Paribas. Watch the video now! ______________________________________________________ Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com. Trader disclosure: On April 14, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami owns (AGU); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU); Adami owns (C); Finerman and Finerman's firm own (AAPL); Finerman and Finerman's firm own (BP); Finerman owns (C); Finerman and Finerman's firm own (CVS); Finerman's firm owns (HAIN); Finerman's firm owns (HPQ); Finerman's firm owns (JPM) and (JPM) leaps; Finerman owns (JPM); Finerman and Finerman's firm own (MSFT); Finerman's firm owns (TGT); Finerman's firm owns (UNG); Finerman owns (USO); Finerman's firm owns (WMT); Finerman's firm is short (IWM), (MDY), (SPY), (XRT); Finerman's firm is long S&P 500 puts; Finerman's firm is long Russell 2000 puts; Finerman's Firm Owns (BAC) Leaps; Terranova owns (JPM); Terranova owns (VRTS); Terranova owns (V); Terranova owns (BX); Terranova owns (GS); Terranova owns (UPL); Terranova owns (HOC); Terranova owns (TCK); Terranova owns (BAX); Terranova owns (OXY); Terranova owns (XOM); Terranova owns (AKAM) For Tim Seymour: Seygem Asset Management Owns (PBR) For Joe Terranova Terranova is Chief Market Strategist of Virtus Investment Partners, LTD Virtus Investment Partners Owns More Than 1% Of (ABAX) Virtus Investment Partners Owns More Than 1% Of (AMKR) Virtus Investment Partners Owns More Than 1% Of (CCG) Virtus Investment Partners Owns More Than 1% Of (CASS) Virtus Investment Partners Owns More Than 1% Of (CSVI) Virtus Investment Partners Owns More Than 1% Of (EXR) Virtus Investment Partners Owns More Than 1% Of (FCFS) Virtus Investment Partners Owns More Than 1% Of (IGE) Virtus Investment Partners Owns More Than 1% Of (KRC) Virtus Investment Partners Owns More Than 1% Of (LDR) Virtus Investment Partners Owns More Than 1% Of (NCRI) Virtus Investment Partners Owns More Than 1% Of (DBV) Virtus Investment Partners Owns More Than 1% Of (XLB) Virtus Investment Partners Owns More Than 1% Of (XLV) Virtus Investment Partners Owns More Than 1% Of (XLP) Virtus Investment Partners Owns More Than 1% Of (XLY) Virtus Investment Partners Owns More Than 1% Of (XLE) Virtus Investment Partners Owns More Than 1% Of (XLF) Virtus Investment Partners Owns More Than 1% Of (XLI) Virtus Investment Partners Owns More Than 1% Of (XLK) Virtus Investment Partners Owns More Than 1% Of (XLU) Virtus Investment Partners Owns More Than 1% Of (WDFC) Virtus Investment Partners Owns More Than 1% Of (YDNT) Virtus Investment Partners Owns More Than 1% Of DOMINO'S PIZZA UK & IRL PLC For Brian Kelly Accounts Managed by Kanundrum Capital are long (UPL) Accounts Managed by Kanundrum Capital are long (RDC) Accounts Managed by Kanundrum Capital are long (EBAY) Accounts Managed by Kanundrum Capital are long (TSN) Accounts Managed by Kanundrum Capital are long (GLD) Accounts Managed by Kanundrum Capital are long (SLV) Accounts Managed by Kanundrum Capital are long (DBA) Accounts Managed by Kanundrum Capital are long (NLY) Accounts Managed by Kanundrum Capital are long SLV calls Accounts Managed by Kanundrum Capital are long GLD calls Accounts Managed by Kanundrum Capital are long (MCP) calls Accounts Managed by Kanundrum Capital are long (CLF) puts Accounts Managed by Kanundrum Capital are long (SPY) puts Accounts Managed by Kanundrum Capital are long VIX calls Accounts Managed by Kanundrum Capital are long silver futures Accounts Managed by Kanundrum Capital are long gold futures Accounts Managed by Kanundrum Capital are long natural gas futures Accounts Managed by Kanundrum Capital are long oil futures Accounts Managed by Kanundrum Capital are short (XLF) Accounts Managed By Kanundrum Capital Are Short (SMH) For Ryan Jacob Jacob Internet Fund Owns (GOOG) Jacob Owns Shares Of Jacob Internet Fund For Scott Nations **No Disclosures For Emma Sugarman **No Disclosures For Peter Misek Jefferies Is A Market Maker In (AAPL), (RIMM) For Betsy Graseck Citigroup may be deemed to control Morgan Stanley Smith Barney LLC due to ownership, board membership, or other relationships. Morgan Stanley Smith Barney LLC may participate in, or otherwise have a financial interest in, the primary or secondary distribution of securities issued by Citigroup or an affiliate of Citigroup that is controlled by or under common control with Morgan Stanley Smith Barney LLC. As of March 31, 2011, Morgan Stanley beneficially owned 1% or more of a class of common equity securities of the following companies covered in Morgan Stanley Research: Citigroup Inc. Within the last 12 months, Morgan Stanley managed or co-managed a public offering (or 144A offering) of securities of Bank of New York Mellon Corp, Citigroup Inc., Fifth Third Bancorp, KeyCorp, Northern Trust Corp., PNC Financial Services, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Within the last 12 months, Morgan Stanley has received compensation for investment banking services from American Express Company, Bank of America, Bank of New York Mellon Corp, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. In the next 3 months, Morgan Stanley expects to receive or intends to seek compensation for investment banking services from American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Within the last 12 months, Morgan Stanley has received compensation for products and services other than investment banking services from American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Within the last 12 months, Morgan Stanley has provided or is providing investment banking services to, or has an investment banking client relationship with, the following company: American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Within the last 12 months, Morgan Stanley has either provided or is providing non-investment banking, securities-related services to and/or in the past has entered into an agreement to provide services or has a client relationship with the following company: American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Morgan Stanley & Co. Incorporated makes a market in the securities of American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Morgan Stanley & Co. International PLC and its affiliates have a significant financial interest in the debt securities of American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. CNBC.com with wires.

https://www.cnbc.com/id/42596522

RF

Regions Financial Corporation

Options Action: Monster Worldwide

If you’re optimistic about the recovery, should you put money to work in Monster Worldwide? Considering employment data is less than dazzling, rather than play the stock Scott Nations of Nationshares suggests the following options trade. ______________________________________________________ Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com. Trader disclosure: On April 14, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami owns (AGU); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU); Adami owns (C); Finerman and Finerman's firm own (AAPL); Finerman and Finerman's firm own (BP); Finerman owns (C); Finerman and Finerman's firm own (CVS); Finerman's firm owns (HAIN); Finerman's firm owns (HPQ); Finerman's firm owns (JPM) and (JPM) leaps; Finerman owns (JPM); Finerman and Finerman's firm own (MSFT); Finerman's firm owns (TGT); Finerman's firm owns (UNG); Finerman owns (USO); Finerman's firm owns (WMT); Finerman's firm is short (IWM), (MDY), (SPY), (XRT); Finerman's firm is long S&P 500 puts; Finerman's firm is long Russell 2000 puts; Finerman's Firm Owns (BAC) Leaps; Terranova owns (JPM); Terranova owns (VRTS); Terranova owns (V); Terranova owns (BX); Terranova owns (GS); Terranova owns (UPL); Terranova owns (HOC); Terranova owns (TCK); Terranova owns (BAX); Terranova owns (OXY); Terranova owns (XOM); Terranova owns (AKAM) For Tim Seymour: Seygem Asset Management Owns (PBR) For Joe Terranova Terranova is Chief Market Strategist of Virtus Investment Partners, LTD Virtus Investment Partners Owns More Than 1% Of (ABAX) Virtus Investment Partners Owns More Than 1% Of (AMKR) Virtus Investment Partners Owns More Than 1% Of (CCG) Virtus Investment Partners Owns More Than 1% Of (CASS) Virtus Investment Partners Owns More Than 1% Of (CSVI) Virtus Investment Partners Owns More Than 1% Of (EXR) Virtus Investment Partners Owns More Than 1% Of (FCFS) Virtus Investment Partners Owns More Than 1% Of (IGE) Virtus Investment Partners Owns More Than 1% Of (KRC) Virtus Investment Partners Owns More Than 1% Of (LDR) Virtus Investment Partners Owns More Than 1% Of (NCRI) Virtus Investment Partners Owns More Than 1% Of (DBV) Virtus Investment Partners Owns More Than 1% Of (XLB) Virtus Investment Partners Owns More Than 1% Of (XLV) Virtus Investment Partners Owns More Than 1% Of (XLP) Virtus Investment Partners Owns More Than 1% Of (XLY) Virtus Investment Partners Owns More Than 1% Of (XLE) Virtus Investment Partners Owns More Than 1% Of (XLF) Virtus Investment Partners Owns More Than 1% Of (XLI) Virtus Investment Partners Owns More Than 1% Of (XLK) Virtus Investment Partners Owns More Than 1% Of (XLU) Virtus Investment Partners Owns More Than 1% Of (WDFC) Virtus Investment Partners Owns More Than 1% Of (YDNT) Virtus Investment Partners Owns More Than 1% Of DOMINO'S PIZZA UK & IRL PLC For Brian Kelly Accounts Managed by Kanundrum Capital are long (UPL) Accounts Managed by Kanundrum Capital are long (RDC) Accounts Managed by Kanundrum Capital are long (EBAY) Accounts Managed by Kanundrum Capital are long (TSN) Accounts Managed by Kanundrum Capital are long (GLD) Accounts Managed by Kanundrum Capital are long (SLV) Accounts Managed by Kanundrum Capital are long (DBA) Accounts Managed by Kanundrum Capital are long (NLY) Accounts Managed by Kanundrum Capital are long SLV calls Accounts Managed by Kanundrum Capital are long GLD calls Accounts Managed by Kanundrum Capital are long (MCP) calls Accounts Managed by Kanundrum Capital are long (CLF) puts Accounts Managed by Kanundrum Capital are long (SPY) puts Accounts Managed by Kanundrum Capital are long VIX calls Accounts Managed by Kanundrum Capital are long silver futures Accounts Managed by Kanundrum Capital are long gold futures Accounts Managed by Kanundrum Capital are long natural gas futures Accounts Managed by Kanundrum Capital are long oil futures Accounts Managed by Kanundrum Capital are short (XLF) Accounts Managed By Kanundrum Capital Are Short (SMH) For Ryan Jacob Jacob Internet Fund Owns (GOOG) Jacob Owns Shares Of Jacob Internet Fund For Scott Nations **No Disclosures For Emma Sugarman **No Disclosures For Peter Misek Jefferies Is A Market Maker In (AAPL), (RIMM) For Betsy Graseck Citigroup may be deemed to control Morgan Stanley Smith Barney LLC due to ownership, board membership, or other relationships. Morgan Stanley Smith Barney LLC may participate in, or otherwise have a financial interest in, the primary or secondary distribution of securities issued by Citigroup or an affiliate of Citigroup that is controlled by or under common control with Morgan Stanley Smith Barney LLC. As of March 31, 2011, Morgan Stanley beneficially owned 1% or more of a class of common equity securities of the following companies covered in Morgan Stanley Research: Citigroup Inc. Within the last 12 months, Morgan Stanley managed or co-managed a public offering (or 144A offering) of securities of Bank of New York Mellon Corp, Citigroup Inc., Fifth Third Bancorp, KeyCorp, Northern Trust Corp., PNC Financial Services, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Within the last 12 months, Morgan Stanley has received compensation for investment banking services from American Express Company, Bank of America, Bank of New York Mellon Corp, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. In the next 3 months, Morgan Stanley expects to receive or intends to seek compensation for investment banking services from American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Within the last 12 months, Morgan Stanley has received compensation for products and services other than investment banking services from American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Within the last 12 months, Morgan Stanley has provided or is providing investment banking services to, or has an investment banking client relationship with, the following company: American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Within the last 12 months, Morgan Stanley has either provided or is providing non-investment banking, securities-related services to and/or in the past has entered into an agreement to provide services or has a client relationship with the following company: American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Morgan Stanley & Co. Incorporated makes a market in the securities of American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Morgan Stanley & Co. International PLC and its affiliates have a significant financial interest in the debt securities of American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. CNBC.com with wires.

https://www.cnbc.com/2022/02/23/putin-seeks-regime-change-and-is-likely-to-invade-ukraine-analyst-.html

RF

Regions Financial Corporation

Putin seeks 'regime change' and will likely invade the rest of Ukraine, says security analyst

Russian President Vladimir Putin is seeking "regime change" and will likely go all the way and invade the rest of Ukraine, according to a former director for Russia at the National Security Council. "I think given the size of the force, the rhetoric we've heard about Ukraine overall and its statehood, I think you're going to see him [Putin] go all the way," Jeffrey Edmonds told CNBC's "Squawk Box Asia" on Wednesday. Putin ordered troops into two pro-Moscow regions in eastern Ukraine on Monday, after announcing he would formally recognize the independence of the separatist areas. In a swift response to the incursion, the U.S. and U.K. on Tuesday announced fresh sanctions targeting Russian financial institutions, individuals and sovereign debt. President Joe Biden called Russia's actions constitute the beginning of "an invasion" of Ukraine, threatening more U.S. sanctions could come. Putin will likely go "all the way to the capital," Edmonds said, referring to Kyiv, the Ukrainian capital. "What you're seeing right now is a lot of false flag operations. These claims… [that] the people on the East are having to fight back this onslaught of Ukrainian offensives, which just isn't true," Edmonds added. Russia's state-controlled media previously claimed that Ukrainian government forces had launched shelling strikes against Moscow-backed rebels in the East.

https://www.cnbc.com/2021/01/14/qatar-financial-center-wants-to-attract-25-billion-of-foreign-investments-by-2022-as-gulf-rift-ends.html

RF

Regions Financial Corporation

Qatar Financial Centre wants to attract $25 billion of foreign investments by 2022 as Gulf rift ends

Qatar Financial Centre is seeking to attract $25 billion of foreign direct investment inflows by 2022, its CEO Yousuf Al-Jaida told CNBC in an exclusive interview on Wednesday. It comes a week after Saudi Arabia reinstated diplomatic ties with neighboring Qatar, ending more than three years of blockade against the tiny, gas-rich nation. The reconciliation means a stronger, more powerful Gulf Cooperation Council, Al-Jaida said. "I think the impact is going to be positive on trade, which means countries are going to be working closely with each other," he added. Saudi Arabia, together with the United Arab Emirates, Bahrain and Egypt, sealed off land, sea and air borders with Qatar in 2017, after accusing Doha of links to terrorism. Qatar has denied those allegations. The thawing of tensions — just weeks before the end of President Donald Trump's tenure in the White House — is a major shift in the politics of the region.

https://www.cnbc.com/id/42596361

RF

Regions Financial Corporation

Take Your Position: Bank of America

______________________________________________________ Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com. Trader disclosure: On April 14, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami owns (AGU); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU); Adami owns (C); Finerman and Finerman's firm own (AAPL); Finerman and Finerman's firm own (BP); Finerman owns (C); Finerman and Finerman's firm own (CVS); Finerman's firm owns (HAIN); Finerman's firm owns (HPQ); Finerman's firm owns (JPM) and (JPM) leaps; Finerman owns (JPM); Finerman and Finerman's firm own (MSFT); Finerman's firm owns (TGT); Finerman's firm owns (UNG); Finerman owns (USO); Finerman's firm owns (WMT); Finerman's firm is short (IWM), (MDY), (SPY), (XRT); Finerman's firm is long S&P 500 puts; Finerman's firm is long Russell 2000 puts; Finerman's Firm Owns (BAC) Leaps; Terranova owns (JPM); Terranova owns (VRTS); Terranova owns (V); Terranova owns (BX); Terranova owns (GS); Terranova owns (UPL); Terranova owns (HOC); Terranova owns (TCK); Terranova owns (BAX); Terranova owns (OXY); Terranova owns (XOM); Terranova owns (AKAM) For Tim Seymour: Seygem Asset Management Owns (PBR) For Joe Terranova Terranova is Chief Market Strategist of Virtus Investment Partners, LTD Virtus Investment Partners Owns More Than 1% Of (ABAX) Virtus Investment Partners Owns More Than 1% Of (AMKR) Virtus Investment Partners Owns More Than 1% Of (CCG) Virtus Investment Partners Owns More Than 1% Of (CASS) Virtus Investment Partners Owns More Than 1% Of (CSVI) Virtus Investment Partners Owns More Than 1% Of (EXR) Virtus Investment Partners Owns More Than 1% Of (FCFS) Virtus Investment Partners Owns More Than 1% Of (IGE) Virtus Investment Partners Owns More Than 1% Of (KRC) Virtus Investment Partners Owns More Than 1% Of (LDR) Virtus Investment Partners Owns More Than 1% Of (NCRI) Virtus Investment Partners Owns More Than 1% Of (DBV) Virtus Investment Partners Owns More Than 1% Of (XLB) Virtus Investment Partners Owns More Than 1% Of (XLV) Virtus Investment Partners Owns More Than 1% Of (XLP) Virtus Investment Partners Owns More Than 1% Of (XLY) Virtus Investment Partners Owns More Than 1% Of (XLE) Virtus Investment Partners Owns More Than 1% Of (XLF) Virtus Investment Partners Owns More Than 1% Of (XLI) Virtus Investment Partners Owns More Than 1% Of (XLK) Virtus Investment Partners Owns More Than 1% Of (XLU) Virtus Investment Partners Owns More Than 1% Of (WDFC) Virtus Investment Partners Owns More Than 1% Of (YDNT) Virtus Investment Partners Owns More Than 1% Of DOMINO'S PIZZA UK & IRL PLC For Brian Kelly Accounts Managed by Kanundrum Capital are long (UPL) Accounts Managed by Kanundrum Capital are long (RDC) Accounts Managed by Kanundrum Capital are long (EBAY) Accounts Managed by Kanundrum Capital are long (TSN) Accounts Managed by Kanundrum Capital are long (GLD) Accounts Managed by Kanundrum Capital are long (SLV) Accounts Managed by Kanundrum Capital are long (DBA) Accounts Managed by Kanundrum Capital are long (NLY) Accounts Managed by Kanundrum Capital are long SLV calls Accounts Managed by Kanundrum Capital are long GLD calls Accounts Managed by Kanundrum Capital are long (MCP) calls Accounts Managed by Kanundrum Capital are long (CLF) puts Accounts Managed by Kanundrum Capital are long (SPY) puts Accounts Managed by Kanundrum Capital are long VIX calls Accounts Managed by Kanundrum Capital are long silver futures Accounts Managed by Kanundrum Capital are long gold futures Accounts Managed by Kanundrum Capital are long natural gas futures Accounts Managed by Kanundrum Capital are long oil futures Accounts Managed by Kanundrum Capital are short (XLF) Accounts Managed By Kanundrum Capital Are Short (SMH) For Ryan Jacob Jacob Internet Fund Owns (GOOG) Jacob Owns Shares Of Jacob Internet Fund For Scott Nations **No Disclosures For Emma Sugarman **No Disclosures For Peter Misek Jefferies Is A Market Maker In (AAPL), (RIMM) For Betsy Graseck Citigroup may be deemed to control Morgan Stanley Smith Barney LLC due to ownership, board membership, or other relationships. Morgan Stanley Smith Barney LLC may participate in, or otherwise have a financial interest in, the primary or secondary distribution of securities issued by Citigroup or an affiliate of Citigroup that is controlled by or under common control with Morgan Stanley Smith Barney LLC. As of March 31, 2011, Morgan Stanley beneficially owned 1% or more of a class of common equity securities of the following companies covered in Morgan Stanley Research: Citigroup Inc. Within the last 12 months, Morgan Stanley managed or co-managed a public offering (or 144A offering) of securities of Bank of New York Mellon Corp, Citigroup Inc., Fifth Third Bancorp, KeyCorp, Northern Trust Corp., PNC Financial Services, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Within the last 12 months, Morgan Stanley has received compensation for investment banking services from American Express Company, Bank of America, Bank of New York Mellon Corp, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. In the next 3 months, Morgan Stanley expects to receive or intends to seek compensation for investment banking services from American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Within the last 12 months, Morgan Stanley has received compensation for products and services other than investment banking services from American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Within the last 12 months, Morgan Stanley has provided or is providing investment banking services to, or has an investment banking client relationship with, the following company: American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Within the last 12 months, Morgan Stanley has either provided or is providing non-investment banking, securities-related services to and/or in the past has entered into an agreement to provide services or has a client relationship with the following company: American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Morgan Stanley & Co. Incorporated makes a market in the securities of American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co. Morgan Stanley & Co. International PLC and its affiliates have a significant financial interest in the debt securities of American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co.. CNBC.com with wires.

https://www.cnbc.com/id/41007148

RF

Regions Financial Corporation

Options Action: Trading Apple At All-Time Highs

______________________________________________________ Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com. Trader disclosure: On January 10, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AAPL); Seymour owns (BAC); Seymour owns (F); Seymour owns (FXI); Seymour owns (GE); Terranova owns (GM); Terranova owns (C); Terranova owns (VRTS); Terranova owns (UPL); Terranova owns (PEP); Terranova owns (OXY); Terranova owns (GS); Terranova owns (LTD); Terranova owns (CNQ); Terranova owns (PVH); Terranova owns (CVI); Terranova owns (GLD) puts; Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman's firm is short (XRT); Finerman's firm is long S&P puts; Finerman's firm is long Russell 2000 puts; Finerman owns (AAPL); Finerman owns (BAC); Finerman's firm owns (BBY); Finerman owns (BP); Finerman's firm owns (BP); Finerman's owns (GOOG); Finerman owns (HPQ); Finerman's firm owns (HPQ); Finerman's firm owns (IBM); Finerman owns (JPM) and (JPM) leaps; Finerman's firm owns (JPM) and (JPM) leaps; Finerman owns (MSFT); Finerman's firm owns (MSFT); Finerman's firm owns (WMT); Jon Najarian owns (AA), is short (AA) calls; Jon Najarian owns (AAPL), is short (AAPL) calls; Jon Najarian owns (APOL) put spreads; Jon Najarian owns (BAC), is short (BAC) calls; Jon Najarian owns (BBY), is short (BBY) calls; Jon Najarian owns (F), is short (F) calls; Jon Najarian owns (GM), is short (GM) calls; Jon Najarian owns (GS), is short (GS) calls; Jon Najarian owns (IBM), is short (IBM) calls; Jon Najarian owns (MOS), is short (MOS) calls; Jon Najarian owns (MSFT), is short (MSFT) calls; Jon Najarian owns (NFLX), is short (NFLX) calls; Jon Najarian owns (ORCL), is short (ORCL) calls; Jon Najarian owns (RIMM), is short (RIMM) calls For Joe Terranova Terranova is Chief Market Strategist of Virtus Investment Partners, LTD Virtus Investment Partners Owns More Than 1% Of (ABAX) Virtus Investment Partners Owns More Than 1% Of (AMKR) Virtus Investment Partners Owns More Than 1% Of (CCG) Virtus Investment Partners Owns More Than 1% Of (CASS) Virtus Investment Partners Owns More Than 1% Of (CSVI) Virtus Investment Partners Owns More Than 1% Of (EXR) Virtus Investment Partners Owns More Than 1% Of (FCFS) Virtus Investment Partners Owns More Than 1% Of (IGE) Virtus Investment Partners Owns More Than 1% Of (KRC) Virtus Investment Partners Owns More Than 1% Of (LDR) Virtus Investment Partners Owns More Than 1% Of (LPHI) Virtus Investment Partners Owns More Than 1% Of (NCRI) Virtus Investment Partners Owns More Than 1% Of (DBV) Virtus Investment Partners Owns More Than 1% Of (XLB) Virtus Investment Partners Owns More Than 1% Of (XLV) Virtus Investment Partners Owns More Than 1% Of (XLP) Virtus Investment Partners Owns More Than 1% Of (XLY) Virtus Investment Partners Owns More Than 1% Of (XLE) Virtus Investment Partners Owns More Than 1% Of (XLI) Virtus Investment Partners Owns More Than 1% Of (XLK) Virtus Investment Partners Owns More Than 1% Of (XLU) Virtus Investment Partners Owns More Than 1% Of (SUBK) Virtus Investment Partners Owns More Than 1% Of (WDFC) Virtus Investment Partners Owns More Than 1% Of (YDNT) Virtus Investment Partners Owns More Than 1% Of (CLB) For Brian Kelly Accounts Managed By Kanundrum Capital Own (TBT) Accounts Managed By Kanundrum Capital Own (YGE) Accounts Managed By Kanundrum Capital Own (FCX) Accounts Managed By Kanundrum Capital Own (MON) Accounts Managed By Kanundrum Capital Own (ANDE) Accounts Managed By Kanundrum Capital Own (GLD) Accounts Managed By Kanundrum Capital Own (JPM) puts Accounts Managed By Kanundrum Capital Are Long USD Accounts Managed By Kanundrum Capital Are Short The Euro Accounts Managed By Kanundrum Capital Are Short The Yen Accounts Managed By Kanundrum Capital Are Short (XLF) For Betsy Graseck (C) may be deemed to control Morgan Stanley Smith Barney LLC due to ownership, board membership, or other relationships. Morgan Stanley Smith Barney LLC may participate in, or otherwise have a financial interest in, the primary or secondary distribution of securities issued by (C) or an affiliate of (C) that is controlled by or under common control with Morgan Stanley Smith Barney LLC. Within the last 12 months, Morgan Stanley managed or co-managed a public offering (or 144A offering) of securities of (BNY), (C), (KEY), (NT), (PNC), (USB), (WFC) Within the last 12 months, Morgan Stanley has received compensation for investment banking services from (AXP), (BAC), (BNY), (BBT), (COFI), (C), (DFS), (FITB), (JPM), (KEY), (NT), (PNC), (USB), (WFC) In the next 3 months, Morgan Stanley expects to receive or intends to seek compensation for investment banking services from American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co.. Within the last 12 months, Morgan Stanley has received compensation for products and services other than investment banking services from American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co.. Within the last 12 months, Morgan Stanley has provided or is providing investment banking services to, or has an investment banking client relationship with, the following company: American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co.. Within the last 12 months, Morgan Stanley has either provided or is providing non-investment banking, securities-related services to and/or in the past has entered into an agreement to provide services or has a client relationship with the following company: American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co.. Morgan Stanley & Co. Incorporated makes a market in the securities of American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co.. The equity research analysts or strategists principally responsible for the preparation of Morgan Stanley Research have received compensation based upon various factors, including quality of research, investor client feedback, stock picking, competitive factors, firm revenues and overall investment banking revenues. Morgan Stanley and its affiliates do business that relates to companies/instruments covered in Morgan Stanley Research, including market making, providing liquidity and specialized trading, risk arbitrage and other proprietary trading, fund management, commercial banking, extension of credit, investment services and investment banking. Morgan Stanley sells to and buys from customers the securities/instruments of companies covered in Morgan Stanley Research on a principal basis. Morgan Stanley may have a position in the debt of the Company or instruments discussed in this report. For Adrianne Shapira (TGT), (WMT), (KR), (SWY), (COST) Are Clients Of Goldman Sachs (TGT), (WMT), (KR), (SWY), (COST) Received Non-Investment Banking Securities Related Services, Non-Securities Services From Goldman Sachs In Past 12 Months (TGT), (WMT), (KR), (SWY) Received Investment Banking Serviecs From Goldman Sachs In Past 12 Months Goldman Sachs Received Compensation From (TGT), (WMT) , (KR), (COST), (SWY) In Past 12 Months For Mike Khouw Cantor Fitzgerald and Co is a market maker in (AAPL) Cantor Fitzgerald and Co is a market maker in (VZ) For Romit Shah SOT Nomura Securities Inc. is a market maker in (AMD) For Dennis Gartman SOT Funds Managed By Dennis Gartman Were Short The Euro on 1/10/2011 For Craig Berger FBR Capital Markets & Co is a market maker in (INTC) FBR Capital Markets & Co is a market maker in (NVDA) GE is the parent company of CNBC NBC Universal is the parent company of CNBC CNBC.com with wires.

https://www.cnbc.com/id/41006790

RF

Regions Financial Corporation

Call of the Day: Goldman Upgrades Target / Downgrades Walmart

______________________________________________________ Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to fastmoney@cnbc.com. Trader disclosure: On January 10, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AAPL); Seymour owns (BAC); Seymour owns (F); Seymour owns (FXI); Seymour owns (GE); Terranova owns (GM); Terranova owns (C); Terranova owns (VRTS); Terranova owns (UPL); Terranova owns (PEP); Terranova owns (OXY); Terranova owns (GS); Terranova owns (LTD); Terranova owns (CNQ); Terranova owns (PVH); Terranova owns (CVI); Terranova owns (GLD) puts; Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman's firm is short (XRT); Finerman's firm is long S&P puts; Finerman's firm is long Russell 2000 puts; Finerman owns (AAPL); Finerman owns (BAC); Finerman's firm owns (BBY); Finerman owns (BP); Finerman's firm owns (BP); Finerman's owns (GOOG); Finerman owns (HPQ); Finerman's firm owns (HPQ); Finerman's firm owns (IBM); Finerman owns (JPM) and (JPM) leaps; Finerman's firm owns (JPM) and (JPM) leaps; Finerman owns (MSFT); Finerman's firm owns (MSFT); Finerman's firm owns (WMT); Jon Najarian owns (AA), is short (AA) calls; Jon Najarian owns (AAPL), is short (AAPL) calls; Jon Najarian owns (APOL) put spreads; Jon Najarian owns (BAC), is short (BAC) calls; Jon Najarian owns (BBY), is short (BBY) calls; Jon Najarian owns (F), is short (F) calls; Jon Najarian owns (GM), is short (GM) calls; Jon Najarian owns (GS), is short (GS) calls; Jon Najarian owns (IBM), is short (IBM) calls; Jon Najarian owns (MOS), is short (MOS) calls; Jon Najarian owns (MSFT), is short (MSFT) calls; Jon Najarian owns (NFLX), is short (NFLX) calls; Jon Najarian owns (ORCL), is short (ORCL) calls; Jon Najarian owns (RIMM), is short (RIMM) calls For Joe Terranova Terranova is Chief Market Strategist of Virtus Investment Partners, LTD Virtus Investment Partners Owns More Than 1% Of (ABAX) Virtus Investment Partners Owns More Than 1% Of (AMKR) Virtus Investment Partners Owns More Than 1% Of (CCG) Virtus Investment Partners Owns More Than 1% Of (CASS) Virtus Investment Partners Owns More Than 1% Of (CSVI) Virtus Investment Partners Owns More Than 1% Of (EXR) Virtus Investment Partners Owns More Than 1% Of (FCFS) Virtus Investment Partners Owns More Than 1% Of (IGE) Virtus Investment Partners Owns More Than 1% Of (KRC) Virtus Investment Partners Owns More Than 1% Of (LDR) Virtus Investment Partners Owns More Than 1% Of (LPHI) Virtus Investment Partners Owns More Than 1% Of (NCRI) Virtus Investment Partners Owns More Than 1% Of (DBV) Virtus Investment Partners Owns More Than 1% Of (XLB) Virtus Investment Partners Owns More Than 1% Of (XLV) Virtus Investment Partners Owns More Than 1% Of (XLP) Virtus Investment Partners Owns More Than 1% Of (XLY) Virtus Investment Partners Owns More Than 1% Of (XLE) Virtus Investment Partners Owns More Than 1% Of (XLI) Virtus Investment Partners Owns More Than 1% Of (XLK) Virtus Investment Partners Owns More Than 1% Of (XLU) Virtus Investment Partners Owns More Than 1% Of (SUBK) Virtus Investment Partners Owns More Than 1% Of (WDFC) Virtus Investment Partners Owns More Than 1% Of (YDNT) Virtus Investment Partners Owns More Than 1% Of (CLB) For Brian Kelly Accounts Managed By Kanundrum Capital Own (TBT) Accounts Managed By Kanundrum Capital Own (YGE) Accounts Managed By Kanundrum Capital Own (FCX) Accounts Managed By Kanundrum Capital Own (MON) Accounts Managed By Kanundrum Capital Own (ANDE) Accounts Managed By Kanundrum Capital Own (GLD) Accounts Managed By Kanundrum Capital Own (JPM) puts Accounts Managed By Kanundrum Capital Are Long USD Accounts Managed By Kanundrum Capital Are Short The Euro Accounts Managed By Kanundrum Capital Are Short The Yen Accounts Managed By Kanundrum Capital Are Short (XLF) For Betsy Graseck (C) may be deemed to control Morgan Stanley Smith Barney LLC due to ownership, board membership, or other relationships. Morgan Stanley Smith Barney LLC may participate in, or otherwise have a financial interest in, the primary or secondary distribution of securities issued by (C) or an affiliate of (C) that is controlled by or under common control with Morgan Stanley Smith Barney LLC. Within the last 12 months, Morgan Stanley managed or co-managed a public offering (or 144A offering) of securities of (BNY), (C), (KEY), (NT), (PNC), (USB), (WFC) Within the last 12 months, Morgan Stanley has received compensation for investment banking services from (AXP), (BAC), (BNY), (BBT), (COFI), (C), (DFS), (FITB), (JPM), (KEY), (NT), (PNC), (USB), (WFC) In the next 3 months, Morgan Stanley expects to receive or intends to seek compensation for investment banking services from American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co.. Within the last 12 months, Morgan Stanley has received compensation for products and services other than investment banking services from American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co.. Within the last 12 months, Morgan Stanley has provided or is providing investment banking services to, or has an investment banking client relationship with, the following company: American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co.. Within the last 12 months, Morgan Stanley has either provided or is providing non-investment banking, securities-related services to and/or in the past has entered into an agreement to provide services or has a client relationship with the following company: American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co.. Morgan Stanley & Co. Incorporated makes a market in the securities of American Express Company, Bank of America, Bank of New York Mellon Corp, BB&T Corporation, Capital One Financial Corporation, Citigroup Inc., Discover Financial Services, Fifth Third Bancorp, J.P.Morgan Chase & Co., KeyCorp, Northern Trust Corp., PNC Financial Services, Regions Financial Corp, State Street Corporation, SunTrust, U.S. Bancorp, Wells Fargo & Co.. The equity research analysts or strategists principally responsible for the preparation of Morgan Stanley Research have received compensation based upon various factors, including quality of research, investor client feedback, stock picking, competitive factors, firm revenues and overall investment banking revenues. Morgan Stanley and its affiliates do business that relates to companies/instruments covered in Morgan Stanley Research, including market making, providing liquidity and specialized trading, risk arbitrage and other proprietary trading, fund management, commercial banking, extension of credit, investment services and investment banking. Morgan Stanley sells to and buys from customers the securities/instruments of companies covered in Morgan Stanley Research on a principal basis. Morgan Stanley may have a position in the debt of the Company or instruments discussed in this report. For Adrianne Shapira (TGT), (WMT), (KR), (SWY), (COST) Are Clients Of Goldman Sachs (TGT), (WMT), (KR), (SWY), (COST) Received Non-Investment Banking Securities Related Services, Non-Securities Services From Goldman Sachs In Past 12 Months (TGT), (WMT), (KR), (SWY) Received Investment Banking Serviecs From Goldman Sachs In Past 12 Months Goldman Sachs Received Compensation From (TGT), (WMT) , (KR), (COST), (SWY) In Past 12 Months For Mike Khouw Cantor Fitzgerald and Co is a market maker in (AAPL) Cantor Fitzgerald and Co is a market maker in (VZ) For Romit Shah SOT Nomura Securities Inc. is a market maker in (AMD) For Dennis Gartman SOT Funds Managed By Dennis Gartman Were Short The Euro on 1/10/2011 For Craig Berger FBR Capital Markets & Co is a market maker in (INTC) FBR Capital Markets & Co is a market maker in (NVDA) GE is the parent company of CNBC NBC Universal is the parent company of CNBC

https://www.cnbc.com/2023/03/20/first-republic-stock-could-be-stuck-at-25-morgan-stanley-says.html

RSG

Republic Services

First Republic's stock could be stuck at $25 even if deposits start to return, Morgan Stanley says

First Republic 's stock is unlikely to see a significant rebound after the regional bank suffered major outflows of deposits, according to Morgan Stanley. Shares of the San Francisco-based lender were under pressure again Monday , with the stock falling below $20 per share in early trading. The stock was trading near $115 per share before troubles emerged at the now failed Silicon Valley Bank, sparking a sell-off in regional bank stocks. FRC 1M mountain First Republic's stock has fallen sharply since the start of the regional banking crisis. Morgan Stanley analyst Manan Gosalia said in a note to clients that First Republic's stock was likely to trade around its current range for at least a few months as investors wait for the bank to find its footing after massive deposit outflows. "Our base case range incorporates two scenarios: 1) Half of deposits lost come back by 2Q23 and FRC is able to slowly wind down and right-size its balance sheet. In this scenario, we get to a 2024 EPS of $3.11, applying an 8x multiple gets us to a price of $25. 2) Half of estimated remaining uninsured deposits leave by 2Q23, leading to a slower path to profitability. In this scenario, our 2025 EPS is $1.52, and using an 8x multiple and discounting by one year at a discount rate of 10%, results in a price of $11," the note said. The collapse of Silicon Valley Bank appeared to spur depositors with more than the insured maximum of $250,000 to pull money out of regional banks. Based on borrowing from the Federal Reserve that First Republic disclosed last week, deposit outflows at First Republic may have been roughly $86 billion, Morgan Stanley estimated. The outlook for First Republic is still highly uncertain, Gosalia said, and Morgan Stanley has an underweight rating and no formal price target for the stock. "Given the major changes in the balance sheet and the reliance on expense cuts to get to profitability, this base case range comes with a low level of confidence," the note said. One solution to First Republic's struggles could be a bigger bank stepping in to buy the regional lender. However, Wolfe Research analyst Bill Carache said in a note to clients Sunday that the bank's portfolio of bonds and loans would "effectively wipe out" First Republic's tangible common equity if it was marked to market. The bank's focus on customer service above efficiency could also make it hard to find a match with a new parent bank, Carache said. — CNBC's Michael Bloom contributed to this report.

https://www.cnbc.com/2016/02/25/republic-air-files-for-bankruptcy-protection-blames-pilot-shortage.html

RSG

Republic Services

Republic Air files for bankruptcy protection, blames pilot shortage

Justin Sullivan | Getty Images Regional carrier Republic Airways filed for Chapter 11 bankruptcy protection on Thursday, blaming several quarters of falling revenue after having to ground aircraft amid a pilot shortage. The Indianapolis-based short-haul carrier, which feeds flights to American Airlines , Delta and United brands, listed assets of $3.6 billion and $3.0 billion of liabilities, court documents showed. Republic said the bankruptcy process would allow it to continue normal business while restructuring its finances and contracts. watch now "We worked hard to avoid this step," Republic Chairman Bryan Bedford said in a statement but added that the restructuring would "restore our airline and take it to new heights." Republic offers approximately 1,000 daily flights to more than 100 cities in the United States, Canada, the Caribbean, and the Bahamas. It is the first U.S. airline bankruptcy since American Airlines filed in 2011. Republic said it has sufficient assets and liquidity to meet its working capital and operating expenses during the restructuring process and will continue to deliver safe services and pay its employees, providers and vendors.

https://www.cnbc.com/2023/10/23/mondays-biggest-stocks-to-watch-on-wall-street.html

RSG

Republic Services

Here are Monday's biggest analyst calls: Apple, Amazon, Meta, Utz, Roku, Walgreens, Spotify & more

Here are the biggest calls on Wall Street on Monday: TD Cowen initiates Spotify as market perform TD said in its initiation of Spotify that the valuation seems reasonable "already discounts in a fairly optimistic financial trajectory." "While we expect Spotify to continue to grow revenue at double-digits and enjoy margin improvement over time, we think current valuation already discounts in a fairly optimistic financial trajectory." Bernstein upgrading Spirit AeroSystems to outperform from market perform Bernstein said it's bullish on the company's turnaround opportunity. "On October 2nd, Pat Shanahan was named interim CEO, from whom we expect an operational plan to reshape Spirit's performance." Evercore ISI adds a tactical outperform on Roku Evercore said it sees an attractive entry point for the stock. "We are adding ROKU to our Tactical Outperform list – it's a near-term (up to 6 months) trading call. At $60 per share, we see a reasonably attractive entry point in this 'macro' stock." Citi adds a negative catalyst watch on Okta Citi said the stock seems "listless" right now. "Following the most recent security incident at OKTA, we are concerned with the risk of new pipeline and biz development activity against these hard-to-ignore headlines." Citi downgrades Diamondback Energy to neutral from buy Citi downgraded Diamondback mainly on valuation. "For a while the market appeared to take a conservative stance, but now valuation suggests greater comfort with inventory, removing this positive catalyst. HSBC initiates Marriott as buy HSBC said Marriott is "best-in-class" "The world's largest lodging company, well positioned for growth given its unrivalled scale and best-in-class brand portfolio." Bank of America downgrades Alcoa to neutral from buy Bank of America said the turnaround is taking longer than expected. "While the BofA commodities team is bullish aluminum (Alcoa's (AA's) primary product) for 2024E, they are cautious in the more immediate term. Further, AA is in a period of transition (cost reductions) that we think will take longer than previously expected." Evercore ISI upgrades Edison to outperform from market perform Evercore ISI said it prefers Edison in the utilities sector as the company hasn't had any major catastrophes in its footprint. "To sum it up, we think investors do not like all the uncertainties at these utilities and will prefer companies for which they feel they can better predict linear earnings, cash flow and dividend growth. That said, within this comp group, we currently recommend EIX over PCG and ETR." Piper Sandler downgrades Salesforce to neutral from overweight Piper said in its downgrade of the stock that it sees too much uncertainty. "We lower CRM to Neutral from OW on increasing execution and M & A risks, AI monetization uncertainty, and risk-reward given shares have risen 54% YTD." Wells Fargo downgrades Regions Financial to equal weight from overweight Wells said in its downgrade of the regional bank that it sees too many headwinds. " RF' s rate headwinds should last longer than previously expected and vs. peer based on 3Q23's miss, RF's negative guide, almost worst-in-class 3Q23 deposit beta, and likely later NII [net interest income] inflection." Stifel upgrades Pinterest to buy from hold Stifel said in its upgrade of the stock that there's "room for growth." "We are upgrading PINS to a Buy rating (new TP $32), as checks skew more positive and we think there is still plenty of room for growth outside the domestic market." William Blair initiates Celsius Holdings as outperform William Blair said the beverage company has high-growth potential. "Our rating is largely driven by Celsius's attractive position as a high-growth functional beverage business with a brand that is on-trend and differentiated, keenly relevant to a large addressable market, and possesses significant white space for expansion. UBS upgrades Waste Management and Republic Services to buy from neutral UBS said in its upgrade of the waste companies that they are defensive. "We upgrade WM and RSG from Neutral to Buy, and maintain Buy ratings on WCN & CWST, expecting municipal solid waste stocks to be a popular way to ride out current market turbulence and risk of a rate-driven economic slowdown." Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating heading into earnings later this week. "There is also room for multiple expansion, in our view, with Amazon at 12x EV/FWD EBITDA, towards the lower end of the historical range of 8.5x-30x and median of 17.3x." Evercore ISI reiterates Meta as outperform Evercore said Meta estimates seems reasonable heading into earnings later this week. "We view the Street's Q3 Revenue estimate and Op Income estimate as reasonable, with modest upside possibility." JPMorgan upgrades Walgreens to overweight from neutral JPMorgan said Walgreens shares are in a "new era." "We believe that today commences a new era for shares of WBA as Tim Wentworth assumes the CEO role, we are upgrading WBA to Overweight and providing a detailed analysis of the components of the companys FY24 guidance." MoffettNathanson initiates Instacart as as neutral Moffett said it sees too many headwinds for Instacart. "We are once again reminded that capitalism rarely rewards for difficulty level, and grocery is an especially challenging market. We see clouds on the horizon for market share, consumer engagement, advertising growth, and large insider share unlock. Stephens upgrades Utz to overweight from equal weight Stephens said it sees an attractive entry point for Utz shares. "We believe the recent pull back in shares creates an attractive entry point for investors and therefore we are upgrading UTZ from Equal-Weight to Overweight. Our price target moves to $16 (from $18 prior)." Morgan Stanley reiterates Apple as overweight Morgan Stanley said iPhone times wait times remain strong and the firm is standing by its overweight rating on Apple shares. "iPhone 15 Pro Max lead times robust, but we've seen some moderation for the iPhone 15 base models, which has been reflected in recent build cuts."

https://www.cnbc.com/2023/03/14/first-republic-shares-jump-as-regional-banks-try-to-rebound-from-mondays-selloff.html

RSG

Republic Services

First Republic shares rise more than 20% in volatile trading as regional bank stocks try to rebound

In this article FRC Follow your favorite stocks CREATE FREE ACCOUNT A First Republic Bank branch in New York, US, on Friday, March 10, 2023. Jeenah Moon | Bloomberg | Getty Images Shares of First Republic rose sharply on Tuesday as regional banks attempted to rebound from a deep sell-off, but some of the stocks struggled to hold their ground as the day progressed. First Republic ended the day with a 27.8% gain after climbing more than 60% earlier in the session. PacWest was up nearly 34% after following a similar trajectory, and Charles Schwab added about 9%. However, the SPDR S&P Regional Banking ETF (KRE) rose just 2% as other regional banks struggled to hold onto their gains. The volatility was evident in Zions Bancorp. and Western Alliance, which each turned negative briefly in afternoon trading after rising earlier in the session. The banks then finished the day with gains of 4% and 14%, respectively. Stock Chart Icon Stock chart icon Regional bank stocks saw their rebound shrink on Tuesday afternoon. Those moves come after regional banks fell sharply Monday, even though U.S. regulators took extraordinary measures to backstop all depositors in the now-failed Silicon Valley Bank. The KRE suffered its biggest one-day loss since March 2020, tumbling 12.3%. First Republic led the way lower on Monday, falling 61.8%. Executive Chairman Jim Herbert told CNBC's Jim Cramer that the bank was not seeing big outflows and was operating as usual. The bank also announced Sunday it received additional liquidity from JPMorgan and the Federal Reserve. After Tuesday's move, First Republic's stock is still down more than 50% for the week. Stock Chart Icon Stock chart icon First Republic's rebound on Tuesday did not erase all of its losses from the prior day.

https://www.cnbc.com/2023/03/13/mondays-top-wall-street-analyst-calls-jpmorgan-first-republic.html

RSG

Republic Services

Here are Monday's biggest analyst calls: Apple ,Tesla, First Republic, Roku, Sunrun, JPMorgan Chase & more

Here are the biggest calls on Wall Street on Monday: Bernstein downgrades Lam Research to market perform from outperform Bernstein said the semiconductor company is overvalued. " LRCX is more expensive, and it has been near our target price for some time; given we believe there remains considerable uncertainty around memory it feels prudent to move to the sidelines for now though we continue to like the longer term story." Cowen upgrades Moderna to outperform from market perform Cowen said it sees an attractive risk/reward for the biotech company. "COVID is approaching its tail, as evidenced by expectations for > $5B. MRNA will be a leader in RSV, and we expect flu A VE data by month's end to be superior." JPMorgan downgrade British American Tobacco to neutral from overweight JPMorgan said in its downgrade of the tobacco company that it sees slowing growth. "We downgrade British American Tobacco (BAT) to Neutral. Competitive & regulatory risks are building in Vapor, while BAT's US cigarette trends remain weaker than expected." Morgan Stanley reiterates Apple as a top idea Morgan Stanley said it sees several positive catalysts ahead for Apple. "However, as we look beyond the near-term, we see a catalyst-rich event path over the next 12 months that is underappreciated by investors, including reaccelerating iPhone and Services growth record gross margins (we see the greatest inflection in F1H24), two new product launches (AR/VR headset and iPhone 15), and the potential introduction of an iPhone subscription program." Credit Suisse downgrades Logitech to neutral from outperform Credit Suisse downgraded the computer products company due to a lack of near-term catalysts for Logitech. "Continued high macroeconomic uncertainties have led the company to provide guidance only for H1 and not for full FY24, which it plans to return to in the future." Read more about this call here. Wolfe downgrades Tesla to peer perform from outperform Wolfe downgraded Tesla due to macro concerns. "We're still convinced of Tesla's impressive cost trajectory, which should propel impressive growth over time. However, we've also become incrementally more concerned about macro challenges." Goldman Sachs reiterates Sunrun as buy Goldman said the solar company is most exposed to Silicon Valley Bank, but it's sticking with its buy rating. "SVB is also a facilitator of RUN' s interest rate hedges and represents < 15% of the overall hedging facilities, however, the bank is not the backer of those derivatives, according to RUN." Baird upgrades Truist to outperform from neutral Baird said it sees an attractive risk/reward for the regional bank. "Regional bank risk/reward trade-off improving, and we would get more aggressive on the regional bank side, upgrading TFC to Outperform." Raymond James downgrades First Republic Bank to market perform from strong buy Raymond James double downgraded the regional bank due to concerns about the events at Silicon Valley Bank. "We are downgrading shares of FRC to Market Perform from Strong Buy. While the bank is better positioned for potential deposit outflows on Sunday evening than it may have been earlier in the weekend, if there are net deposit outflows, it will shrink the EPS power of the bank. Therefore, we have a negative bias to our EPS estimates." Citi downgrades Petco to neutral from buy Citi downgraded the stock due to "model challenges" ahead of earnings later this month. "We proactively lower 2023 estimates below Street ahead of 4Q earnings on 3/22 due to continuing weakness in discretionary, the potential for "trade down" in pet (=share loss for Petco ), and EPS dilution from higher rates." Wells Fargo upgrades JPMorgan to overweight from equal weight Wells said in its upgrade of the banking giant that "goliath is winning." " JPM epitomizes our theme of 'Goliath is Winning', which should benefit both offense (market share gains) and defense (more diversified) in these less certain times. We increase ests., PT, and rating to Overweight from Equal Weight." Read more about this call here. Citi upgrades PNC to buy from neutral Citi said it sees a compelling entry point for the regional bank. "While the news should be positive for the stocks, it is unclear to us how they will perform tomorrow. We do think it makes sense to add to exposure here, so of our Holds the most attractive name here for us is PNC ." Read more about this call here. Wells Fargo upgrades Eli Lilly to overweight from equal weight Wells said investors should buy the dip in shares of Eli Lilly. "We are upgrading LLY to Overweight as recent weakness creates a buying opportunity. We think fundamentals of the company remain the same, and at current levels risk / reward into donanemab Alzheimer's trial may be skewed to the upside." Wells Fargo upgrades Amgen to overweight from equal weight Wells said in its upgrade of the biopharma company that "weakness creates opportunity." "We rate AMGN Overweight, as we think the company's near-to-medium-term growth profile, including HZNP major product drivers delivering modest sales, can achieve a 6% top line and 10% bottom line CAGR from 2023 to 2026." Evercore ISI initiates GE Healthcare as buy Evercore said it's bullish on the medtech company that was spun off from General Electric. " GEHC is a recent spin, with 18 Bn of revs and a market cap of ~34 Bn is a sizeable new entity in Medtech." Bernstein reiterates Airbnb as outperform Bernstein said the short-term rental company is "uniquely positioned." "There is scope for Airbnb further to monetize traffic to its site, by instigating partnerships with food delivery, car rental, ride-share, and airline platforms Airbnb could both add incremental revenue from charging referral fees and enhance the user experience." Oppenheimer reiterates Coinbase as outperform Oppenheimer said it's standing by its outperform rating on shares of the crypto company. "Many people will blame the SI/SBNY fallout to be a crypto problem, and use this as an example. The collapse of SIVB shows that cash influx in 2020/2021, rapid rate hike in 2022, asset liability mismanagement, and run on the bank are the likely actual causes. We reduce our PT of COIN from $84 to $70 to reflect revenue and ecosystem risks." DA Davidson upgrades PacWest Bancorp to buy from hold DA Davidson said it sees an attractive entry point for the regional bank. "Given PACW's financial update largely in-line with our 1Q expectations, continued execution of the balance sheet contraction strategy, valuation of 73% of TBV, and a positive bias reflected in our recent update, we think last week's sell-off represents a more attractive entry point for investors, particularly on the heels of Sunday's announced Bank Term Funding Program (BTFP) by the Fed." Bank of America reiterates Charles Schwab as underperform Bank of America lowered its price target on Charles Schwab to $60 per share from $74 and said it's concerned about rising rates. "The significant rise in short-term interest rates over the last 12 months is creating major issues in financial services as the cost (rising) and duration (shrinking) of liabilities are now changing rapidly, which is putting capital intensive financial institutions with long-term assets in difficult situations." Mizuho reiterates Meta as buy Mizuho said its bullish on Meta management's recent moves. "We applaud the company's efforts to drive further efficiency during economic uncertainty, and FY23E consensus implies Reality Labs to incur expenses at 12% of revenues in FY23 (or $14bn), so the capacity for cost optimization is meaningful." Bank of America reiterates Alphabet as buy Bank of America said it's bullish on Alphabet's entry into AI. "However, we continue to see strong data and technology advantages for Google, and see potential for stable search metrics and LLM-based (large language models) product releases over the next few months to help alleviate an overhang in the stock." Bank of America reiterates Roku as buy Bank of America said it's standing by the stock in the wake of the Silicon Valley Bank collapse. "On Friday Roku disclosed that it has $487mn of uninsured deposits at Silicon Valley Bank (SVB) which was closed by the California Department of Financial Protection and Innovation." Guggenheim reiterates Tesla as sell Guggenheim said it's standing by its sell rating on Tesla shares. "Overall, we believe that with each round of negative incentives/pricing, buyers are becoming increasingly conditioned to expect additional negative pricing actions, in our view." Citi upgrades Charles Schwab to buy from neutral Citi said the stock is compelling at current levels. "We are upgrading SCHW to Buy from Neutral. After a 23% decline over the last two trading days, we see a compelling risk/reward at current levels." Read more about this call here. A video sign displays the logo for Roku, after the company's IPO at the Nasdaq Market in New York, September 28, 2017. Brendan McDermid | Reuters Here are the biggest calls on Wall Street on Monday: Bernstein downgrades Lam Research to market perform from outperform Bernstein said the semiconductor company is overvalued. "LRCX is more expensive, and it has been near our target price for some time; given we believe there remains considerable uncertainty around memory it feels prudent to move to the sidelines for now though we continue to like the longer term story." Cowen upgrades Moderna to outperform from market perform Cowen said it sees an attractive risk/reward for the biotech company. "COVID is approaching its tail, as evidenced by expectations for >$5B. MRNA will be a leader in RSV, and we expect flu A VE data by month's end to be superior." JPMorgan downgrade British American Tobacco to neutral from overweight JPMorgan said in its downgrade of the tobacco company that it sees slowing growth. "We downgrade British American Tobacco (BAT) to Neutral. Competitive & regulatory risks are building in Vapor, while BAT's US cigarette trends remain weaker than expected." Morgan Stanley reiterates Apple as a top idea Morgan Stanley said it sees several positive catalysts ahead for Apple. "However, as we look beyond the near-term, we see a catalyst-rich event path over the next 12 months that is underappreciated by investors, including reaccelerating iPhone and Services growth record gross margins (we see the greatest inflection in F1H24), two new product launches (AR/VR headset and iPhone 15), and the potential introduction of an iPhone subscription program." Credit Suisse downgrades Logitech to neutral from outperform Credit Suisse downgraded the computer products company due to a lack of near-term catalysts for Logitech. "Continued high macroeconomic uncertainties have led the company to provide guidance only for H1 and not for full FY24, which it plans to return to in the future." Read more about this call here. Wolfe downgrades Tesla to peer perform from outperform Wolfe downgraded Tesla due to macro concerns. "We're still convinced of Tesla's impressive cost trajectory, which should propel impressive growth over time. However, we've also become incrementally more concerned about macro challenges." Goldman Sachs reiterates Sunrun as buy Goldman said the solar company is most exposed to Silicon Valley Bank, but it's sticking with its buy rating. "SVB is also a facilitator of RUN' s interest rate hedges and represents <15% of the overall hedging facilities, however, the bank is not the backer of those derivatives, according to RUN." Baird upgrades Truist to outperform from neutral Baird said it sees an attractive risk/reward for the regional bank. "Regional bank risk/reward trade-off improving, and we would get more aggressive on the regional bank side, upgrading TFC to Outperform." Raymond James downgrades First Republic Bank to market perform from strong buy Raymond James double downgraded the regional bank due to concerns about the events at Silicon Valley Bank. "We are downgrading shares of FRC to Market Perform from Strong Buy. While the bank is better positioned for potential deposit outflows on Sunday evening than it may have been earlier in the weekend, if there are net deposit outflows, it will shrink the EPS power of the bank. Therefore, we have a negative bias to our EPS estimates." Citi downgrades Petco to neutral from buy Citi downgraded the stock due to "model challenges" ahead of earnings later this month. "We proactively lower 2023 estimates below Street ahead of 4Q earnings on 3/22 due to continuing weakness in discretionary, the potential for "trade down" in pet (=share loss for Petco ), and EPS dilution from higher rates." Wells Fargo upgrades JPMorgan to overweight from equal weight Wells said in its upgrade of the banking giant that "goliath is winning." "JPM epitomizes our theme of 'Goliath is Winning', which should benefit both offense (market share gains) and defense (more diversified) in these less certain times. We increase ests., PT, and rating to Overweight from Equal Weight." Read more about this call here. Citi upgrades PNC to buy from neutral Citi said it sees a compelling entry point for the regional bank. "While the news should be positive for the stocks, it is unclear to us how they will perform tomorrow. We do think it makes sense to add to exposure here, so of our Holds the most attractive name here for us is PNC ." Read more about this call here. Wells Fargo upgrades Eli Lilly to overweight from equal weight Wells said investors should buy the dip in shares of Eli Lilly. "We are upgrading LLY to Overweight as recent weakness creates a buying opportunity. We think fundamentals of the company remain the same, and at current levels risk / reward into donanemab Alzheimer's trial may be skewed to the upside." Wells Fargo upgrades Amgen to overweight from equal weight Wells said in its upgrade of the biopharma company that "weakness creates opportunity." "We rate AMGN Overweight, as we think the company's near-to-medium-term growth profile, including HZNP major product drivers delivering modest sales, can achieve a 6% top line and 10% bottom line CAGR from 2023 to 2026." Evercore ISI initiates GE Healthcare as buy Evercore said it's bullish on the medtech company that was spun off from General Electric. "GEHC is a recent spin, with 18 Bn of revs and a market cap of ~34 Bn is a sizeable new entity in Medtech." Bernstein reiterates Airbnb as outperform Bernstein said the short-term rental company is "uniquely positioned." "There is scope for Airbnb further to monetize traffic to its site, by instigating partnerships with food delivery, car rental, ride-share, and airline platforms Airbnb could both add incremental revenue from charging referral fees and enhance the user experience." Oppenheimer reiterates Coinbase as outperform Oppenheimer said it's standing by its outperform rating on shares of the crypto company. "Many people will blame the SI/SBNY fallout to be a crypto problem, and use this as an example. The collapse of SIVB shows that cash influx in 2020/2021, rapid rate hike in 2022, asset liability mismanagement, and run on the bank are the likely actual causes. We reduce our PT of COIN from $84 to $70 to reflect revenue and ecosystem risks." DA Davidson upgrades PacWest Bancorp to buy from hold DA Davidson said it sees an attractive entry point for the regional bank. "Given PACW's financial update largely in-line with our 1Q expectations, continued execution of the balance sheet contraction strategy, valuation of 73% of TBV, and a positive bias reflected in our recent update, we think last week's sell-off represents a more attractive entry point for investors, particularly on the heels of Sunday's announced Bank Term Funding Program (BTFP) by the Fed." Bank of America reiterates Charles Schwab as underperform Bank of America lowered its price target on Charles Schwab to $60 per share from $74 and said it's concerned about rising rates. "The significant rise in short-term interest rates over the last 12 months is creating major issues in financial services as the cost (rising) and duration (shrinking) of liabilities are now changing rapidly, which is putting capital intensive financial institutions with long-term assets in difficult situations." Mizuho reiterates Meta as buy Mizuho said its bullish on Meta management's recent moves. "We applaud the company's efforts to drive further efficiency during economic uncertainty, and FY23E consensus implies Reality Labs to incur expenses at 12% of revenues in FY23 (or $14bn), so the capacity for cost optimization is meaningful." Bank of America reiterates Alphabet as buy Bank of America said it's bullish on Alphabet's entry into AI. "However, we continue to see strong data and technology advantages for Google, and see potential for stable search metrics and LLM-based (large language models) product releases over the next few months to help alleviate an overhang in the stock." Bank of America reiterates Roku as buy Bank of America said it's standing by the stock in the wake of the Silicon Valley Bank collapse. "On Friday Roku disclosed that it has $487mn of uninsured deposits at Silicon Valley Bank (SVB) which was closed by the California Department of Financial Protection and Innovation." Guggenheim reiterates Tesla as sell Guggenheim said it's standing by its sell rating on Tesla shares. "Overall, we believe that with each round of negative incentives/pricing, buyers are becoming increasingly conditioned to expect additional negative pricing actions, in our view." Citi upgrades Charles Schwab to buy from neutral

https://www.cnbc.com/2023/03/31/weeks-top-sp-500-stocks-include-first-republic-and-this-casino-owner.html

RSG

Republic Services

This week's top S&P 500 stocks include First Republic and this casino owner

Wall Street is barreling toward a winning week — and month — as it closes out a rocky first quarter to 2023. All the major indexes are up this week, with the Dow Jones Industrial Average rising about 2.7%. The S & P 500 and Nasdaq Composite are up about 2.9% and 2.8%, respectively. Meanwhile, this month, the Dow is higher by more than 1.3% and the S & P 500 is up 2.8%. The tech-heavy Nasdaq outstripped the other indexes, up more than 6%. Those gains follow a regional banking crisis earlier this month that raised concerns of tightening credit conditions. Later, investors largely moved past those worries as they saw signs of easing inflation that could allow the Federal Reserve to stop raising interest rates. To that end, First Republic Bank was one of this week's leading outperformers, jumping more than 12% as of late Friday as the San Francisco-based lender tried to rebound from its recent lows. To be sure, First Republic has a buy rating from just 27% of analysts covering the stock. Energy stocks outperformed this week on the back of higher oil prices, with the S & P 500 Energy Index up by almost 6%. Consumer discretionary and materials stocks also outperformed, up more than 4% each as a group. Communication services and health care stocks were the laggards of the week, although both were marginally higher. All 11 sectors in the S & P 500 advanced this week. Caesars Entertainment was the best performer in the S & P 500. The casino stock is closing out the week up by more than 13%, and is expected to surge another 52% to its average price target. It's considered a buying opportunity from 66% of analysts covering the stock. Energy stocks that performed particularly well this week are Schlumberger N.V. and Devon Energy . Schlumberger N.V. shares are up more than 9% this week. Shares are expected to rally more than 30% to reach analysts' average price target, according to consensus estimates from FactSet. It has a buy rating from 77% of Wall Street analysts. Devon Energy shares are more than 8% this week. The stock has about 33% upside to its average price target, and is considered a buy by 46% of analysts. Tech companies Hewlett Packard Enterprise and Intel also beat the market this week, up by more than 11% and 9%, respectively. Other stocks included on the list are Paycom Software and Delta Air Lines. —CNBC's Michael Bloom contributed to this report.

https://www.cnbc.com/2023/04/25/stocks-moving-big-midday-frc-pep-fisv.html

RSG

Republic Services

Stocks making the biggest moves midday: First Republic Bank, PepsiCo, Fiserv and more

A customer holds a can of Pepsi beverage at a shopping mall on March 9, 2022 in Shaoxing, Zhejiang Province of China. Check out the companies making headlines in midday trading. Kimberly-Clark — The stock was up 1.6% after its quarterly earnings and revenue came in higher than analysts' estimates, according to FactSet. Kimberly-Clark, maker of Kleenex, raised its 2023 adjusted earnings growth to a range between 6% to 10% year over year, topping analysts' expectations of 5.7% growth. Brown & Brown — Shares rallied 3.9% after the company's earnings and revenue in the first quarter came above Wall Street's expectations. The insurance company posted 84 cents in adjusted earnings per share and $1.11 billion in revenue. Analysts polled by FactSet had anticipated 82 cents in earnings per share and $1.07 billion in revenue. First Republic Bank — Shares of the regional bank plummeted as much as 44%. First Republic said Monday that deposits fell by 40% to $104.5 billion during the first quarter, which came below Wall Street's expectations. Trading was briefly paused Tuesday afternoon. The San Francisco-based bank said that its deposit flows have since stabilized. Shares have tumbled about 90% year to date. Fiserv — The global payments processor's shares jumped 3.6%. Fiserv's first-quarter earnings per share and revenue topped analysts' estimates, according to FactSet. The company also raised its full-year outlook and said it expects organic revenue growth between 8% to 9%. Centene — The health-care operator's shares gained 3% after Centene reported a beat on its adjusted earnings and revenue for the first quarter. The company's full-year guidance for 2023 also came above expectations. To be sure, Centene's full-year outlook for 2024 is below analysts' estimates, according to FactSet. Laboratory Corp. of America — Shares were down almost 4% after the company released its first-quarter earnings report. LabCorp posted $3.82 in adjusted earnings per share and revenue of $3.78 billion. Meanwhile, Wall Street had estimated $3.96 in earnings per share and revenue of $3.69 billion, according to FactSet. The company slightly increased its full-year earnings guidance, but it still remains lower than analysts' estimates. MSCI — The stock fell 10% after a mixed earnings report for the first quarter. MSCI posted $3.14 in adjusted earnings per share, topping FactSet analysts' estimates of $3. However, the company's $592.2 million quarterly revenue fell below the $593.9 million anticipated by Wall Street. Cal-Maine Foods — Shares of egg producer Cal-Maine Foods tumbled more than 4% after Stephens downgraded shares to equal weight from overweight. The firm cited a weak pricing backdrop in the eggs and chicken sector. Shares have declined more than 9% year to date. Northern Trust — The regional bank's stock fell 9.5% after reporting an earnings and revenue miss for the first quarter. Northern Trust posted earnings of $1.51 per share and revenue of $1.76 billion. Meanwhile, analysts polled by FactSet had estimated $1.52 in earnings per share and $1.78 billion in revenue. GE Healthcare Technologies — The medical technology company's shares plunged 8.9% following its first-quarter earnings announcement. Although the company's quarterly adjusted earnings and revenue topped analysts' expectations, investors may have been disappointed in its muted full-year outlook. The company estimates its full-year adjusted per-share earnings to fall between $3.60 and $3.75, while analysts had anticipated $3.72 per share earnings. United Parcel Service — Shares of the shipping giant fell 9.3%. The company fell short of analysts' expectations on the top and bottom lines, according to Refinitiv. Cadence Design Systems — The electronic system designing company's stock fell 4.6% after announcing its earnings for the first quarter. Cadence's first-quarter adjusted earnings per share and revenue came above analysts' estimates, according to FactSet. However, the company's earnings and revenue outlook for the second quarter was weaker than expected. Ameriprise Financial — Shares of the financial services company dropped 6.5%. Despite posting an 8% year-over-year increase in assets under management by the end of the first quarter, it said that strong client net inflows were offset by market depreciation and unfavorable foreign exchange levels. Meanwhile, its adjusted operating earnings and revenue for the first quarter came in higher than analysts had expected, according to FactSet. PepsiCo - Shares of PepsiCo jumped over 2% after the beverage and snacks giant posted earnings and revenue that topped Wall Street's expectations. PepsiCo also issued an upbeat outlook on the full year. Danaher — The biotechnology company's shares declined 7%. Danaher's GAAP operating profit of $1.79 billion fell below analysts' estimates of $2.12 billion, according to FactSet. The company also lowered its outlook for its bioprocessing segment and cut its annual sales growth forecast on weak outlook. General Motors — Shares fell 3.3% after the automaker lowered its guidance for net income attributable to stockholders in 2023. The new range is now between $8.4 billion to $9.9 billion, compared to earlier guidance of $8.7 billion to $10.1 billion. The company attributed the change to a a special charge of $875 million tied to an employee buyout program it announced earlier this year. Moody's — The ratings agency saw its stock jump more than 1% after the company reported stronger-than-expected earnings and revenue. Moody's reported an adjusted EPS of $2.99 for the first quarter, handily beating a FactSet estimate of $2.22 per share. — CNBC's Yun Li, Pia Singh, Alex Harring and Brian Evans contributed reporting

https://www.cnbc.com/id/100161792

RSG

Republic Services

TEXT-S&P affirms American Republic Insurance Co

(The following statement was released by the rating agency) Rating Action On Sept. 21, 2012, Standard & Poor's Ratings Services affirmed its 'Api' counterparty credit and financial strength ratings on American Republic Insurance Co. Rationale The affirmation reflects the company's strong capitalization and strong liquidity as measured by our model. These strengths are offset somewhat by its weakened operating performance in 2011, as well as the company's product-line concentration in the accident and health business. American Republic Insurance, which is based in Des Moines, Iowa, is a life and health insurance company that holds licenses to do business in 49 states and the District of Columbia. American Republic Insurance is ultimately controlled by American Republic Mutual Holding Co. through an intermediate holding company, American Enterprise Group Inc. Related Criteria And Research Ratings Bearing A "pi" Subscript: Methodology And Assumptions, Feb. 9, 2011 Ratings List Ratings Affirmed American Republic Insurance Co. Counterparty Credit Rating Financial Strength Rating Api (Caryn Trokie, New York Ratings Unit) ((Caryn.Trokie@thomsonreuters.com; 646-223-6318; Reuters Messaging: rm://caryn.trokie.reuters.com@reuters.net)) Keywords:

https://www.cnbc.com/2023/07/01/5g-wireless-signals-could-disrupt-flights-starting-this-weekend.html

RSG

Republic Services

5G wireless signals could disrupt flights starting this weekend

Airline passengers who have endured tens of thousands of weather-related flight delays this week could face a new source of disruptions starting Saturday, when wireless providers are expected to power up new 5G systems near major airports. Aviation groups have warned for years that 5G signals could interfere with aircraft equipment, especially devices using radio waves to measure distance above the ground and which are critical when planes land in low visibility. Predictions that interference would cause massive flight groundings failed to come true last year, when telecom companies began rolling out the new service. They then agreed to limit the power of the signals around busy airports, giving airlines an extra year to upgrade their planes. The leader of the nation's largest pilots' union said crews will be able to handle the impact of 5G, but he criticized the way the wireless licenses were granted, saying it had added unnecessary risk to aviation. Transportation Secretary Pete Buttigieg recently told airlines that flights could be disrupted because a small portion of the nation's fleet has not been upgraded to protect against radio interference. Most of the major U.S. airlines say they are ready. American , Southwest , Alaska , Frontier and United say all of their planes have height-measuring devices, called radio altimeters, that are protected against 5G interference. The big exception is Delta Air Lines . Delta says it has 190 planes, which include most of its smaller ones, that still lack upgraded altimeters because its supplier has been unable to provide them fast enough. The airline does not expect to cancel any flights because of the issue, Delta said Friday. The airline plans to route the 190 planes carefully to limit the risk of canceling flights or forcing planes to divert away from airports where visibility is low because of fog or low clouds. The Delta planes that have not been retrofitted include several models of Airbus jets: all of its A220s, most of its A319s and A320s and some of its A321s. The airline's Boeing jets have upgraded altimeters, as do all Delta Connection planes, which are operated by Endeavor Air, Republic Airways and SkyWest Airlines, the airline said. JetBlue did not respond to requests for comment but told The Wall Street Journal it expected to retrofit 17 smaller Airbus jets by October, with possible "limited impact" some days in Boston. Wireless carriers including Verizon and AT&T use a part of the radio spectrum called C-Band, which is close to frequencies used by radio altimeters, for their new 5G service. The Federal Communications Commission granted them licenses for the C-Band spectrum and dismissed any risk of interference, saying there was ample buffer between C-Band and altimeter frequencies. When the Federal Aviation Administration sided with airlines and objected, the wireless companies pushed back the rollout of their new service. In a compromise brokered by the Biden administration, the wireless carriers then agreed not to power up 5G signals near about 50 busy airports. That postponement ends Saturday. AT&T declined to comment. Verizon did not immediately respond to a question about its plans. Buttigieg reminded the head of trade group Airlines for America about the deadline in a letter last week, warning that only planes with retrofitted altimeters would be allowed to land under low-visibility conditions. He said more than 80% of the U.S. fleet had been retrofitted, but a significant number of planes, including many operated by foreign airlines, have not been upgraded. "This means on bad-weather, low-visibility days in particular, there could be increased delays and cancellations," Buttigieg wrote. He said airlines with planes awaiting retrofitting should adjust their schedules to avoid stranding passengers. Airlines say the FAA was slow to approve standards for upgrading the radio altimeters and supply-chain problems have made it difficult for manufacturers to produce enough of the devices. Nicholas Calio, head of the Airlines for America, complained about a rush to modify planes "amid pressure from the telecommunications companies." Jason Ambrosi, a Delta pilot and president of the Air Line Pilots Association, accused the FCC of granting 5G licenses without consulting aviation interests, which he said "has left the safest aviation system in the world at increased risk." But, he said, "Ultimately, we will be able to address the impacts of 5G."

https://www.cnbc.com/id/100144959

RSG

Republic Services

TEXT-S&P pubs BICRA report on Czech Republic banking system

(The following statement was released by the rating agency) Oct 08 - In its published report titled " Banking Industry Country Risk Assessment: Czech Republic," Standard & Poor's Ratings Services said that the Czech banking sector's main strengths are its solid core customer deposit base, industry stability and strong risk-adjusted profitability, and the country's prudent macroeconomic policies and sound government finances. The Czech banking system's main weaknesses, in our opinion, are the country's reliance on external developments for consumer and business confidence; the large share of lending to small and midsize enterprises in domestic banks' loan books, which inflates credit risk in downturns; and risks associated with the deteriorating creditworthiness of banks' foreign parents. We continue to rank the Czech Republic in Banking Industry Country Risk Assessment (BICRA) group '4' along with countries such as Slovakia, Israel, Italy, Taiwan, South Africa, and Peru. Our criteria define the BICRA framework as one "designed to evaluate and compare global banking systems." A BICRA analysis for a country covers rated and unrated financial institutions that take deposits, extend credit, or engage in both activities. The analysis covers the entire financial system of a country while considering the relationship of the banking industry to the financial system as a whole. BICRA scores range from '1' to '10', with the lowest-risk banking systems in group '1' and the highest-risk in group '10'. The BICRA comprises two main areas of analysis: "economic risk" and "industry risk." We have assigned scores of '4' to the Czech Republic in both of these areas. ((Bangalore Ratings Team, Hotline: +91 80 4135 5898, Bhanu.priya@thomsonreuters.com, Group id: BangaloreRatings@thomsonreuters.com, Reuters Messaging: Bhanu.Priya.reuters.com@reuters.net))

https://www.cnbc.com/2023/08/11/as-obesity-drug-stocks-soared-these-stocks-fell-too-far-analysts-say.html

RMD

ResMed

As weight loss drug stocks rallied on a landmark study, these stocks were over sold, analysts say

Continuous glucose monitoring has been a great tool to help patients with diabetes better manage their blood sugar levels, but all the attention being paid to new obesity drugs has pressured the stocks of the medical device manufacturers. This week was a great example. Novo Nordisk released on Tuesday early results from a study it conducted to gauge whether semaglutide, the active ingredient in its obesity and diabetes medicines Wegovy and Ozempic, can help reduce a person's cardiovascular risk. The Select trial showed obese and overweight adults with a history of heart disease saw a 20% decline in the occurence of heart attacks and strokes when taking the drug. This was seen as a significant reduction for the most common cause of death in the U.S., and many industry experts expect the study to strengthen the argument that GLP-1 agonists should be covered by insurance companies for weight loss. These medicines, which can cost upwards of $10,000 a year, are seen by some as a "vanity drug." However, the pharmaceutical companies are making the case that weight loss can improve health, and possibly lower health-care costs over time. While the study's results stoked confidence in the market potential for GLP-1 medications, it spooked investors who owned shares of medtech companies such as Dexcom and Abbott Laboratories , which make diabetes devices, and Intuitive Surgical , which manufactures robots used in bariatric surgery. Shares of biotech companies developing drugs for nonalcoholic steatohepatitis (NASH) also fell Tuesday. NASH is the most severe form of fatty liver disease, and GLP-1 medicines have shown signs of liver fat reduction in some patients. DXCM YTD mountain Dexcom shares are flat year to date. But analysts have said the news isn't all bad for such stocks, and many were fell too low on Tuesday. Indeed, some recouped lost ground on Thursday, such as Dexcom. Its stock closed up 2.1%, but shares remain down nearly 6% week to date. Abbott shares are down about 3% week to date and were flat in Thursday's trading. With this in mind, CNBC Pro looked at what analysts are saying about how each of these sectors will be affected by rising use of GLP-1 drugs to treat obese or overweight patients. Glucose monitoring devices In a research note Thursday, JPMorgan analyst Robbie Marcus made the case that GLP-1 utilization could actually boost the demand for continous glucose monitoring (CGM), which he said was already the "gold standard" for diabetic patients. Both Dexcom and Abbott are leaders in this category. "GLP-1s improve insulin sensitivity and lower blood sugar, in addition to driving patient weight loss," Marcus wrote. "CGMs will be vital to track progress and determine if the medication is actually working." He added that CGMs are a "cost-effective" way to help guide lifestyle changes and improve diet and can be used with weight-loss medication. "So while GLP-1s have meaningful impacts on the patient, a CGM is, in our view, the best way for patients to monitor their changes ... and create longstanding changes to how diet and exercise impact their bodies," he said. As for insulin pumps, Marcus doesn't expect any immediate threat due to the pool of patients with type 1 diabetes that have yet to adopt these devices. "... The still low Type 1 [diabetic] pumper penetration rates (35-40% in the U.S.) should be able to make up for any potential slowdown in the Type 2 market," he wrote, adding that Insulet is the winner in the pump category. Goldman Sachs analysts said the use of other medical devices may also be disrupted. That includes equipment used to treat obstructive sleep apnea or the possibility that fewer cardiac interventions will be needed. Companies in the sleep apnea market include Inspire Medical Systems , Resmed and Philips . Goldman noted that Resmed management cited three key barriers to GLP-1 adoption: high cost, low adherence and side effects, which can include nausea, vomiting and diarrhea. RMD 5D mountain Resmed share are down slightly week to date. Sleep apnea is commonly associated with obesity and overweight, and the condition can sometimes be reversed when weight is lost. On the other side, there's a possible benefit for companies such as Stryker , Smith & Nephew and Zimmer Biomet that serve the orthopedic market. "Possible that weight loss could modestly expand the patient population in the near-term, as many patients are asked to lose weight prior to Hip and Knee replacements, though unlikely to be material and will likely be offset by some patient delays," Goldman said. Bariatric surgery On its second-quarter earnings call in July, Intuitive Surgical admitted that it didn't yet know how many patients looking to lose weight would opt to try GLP-1 medications instead of undergoing bariatric surgery over the long term. However, it said interest in the new drugs was starting to hurt the number of procedures done by its da Vinci robot. Deutsche Bank analyst Imron Zafar estimated Thursday that bariatric surgery accounts for about 5% of Intuitive Surgical's U.S. robotic surgery business, but has been driving much of the company's growth. ISRG 3M mountain Intuitive Surgical shares have risen nearly 15% since the start of 2023 Although the number of bariatric surgeries performed in the U.S. didn't grow much from 2019 to 2022, more of the market has shifted to using Intuitive's robots rather than conventional laparoscopy, he explained. "Our analysis shows [total addressable market] penetration having roughly tripled since 2019 but yet still stands at just ~30%," Zafar wrote in a note to clients. "Looking ahead, the clinicians collectively project [mid-single digit] annual declines in total bariatric surgery case counts over the next two years, with da Vinci volumes expected to remain more or less flat with overall market contraction offset by robotic penetration continuing to trend higher (albeit at a substantially more modest pace going forward relative to the past few years)," Zafar said. Some of the surgeons Zafar spoke with said any drop off in bariatric surgery was likely to be offset by increased use of the robot for other procedures. Zafar has a hold rating on Intuitive Surgical shares, with a $335 price target. The average analyst price target is $368, or about 21% above where the stock is currently trading, according to Refinitiv. NASH drug developers The Select trial data also sparked a selloff in companies working on treatments for NASH. These stocks include Madrigal Pharmaceuticals , Sagimet Biosciences , Akero Therapeutics , 89Bio , Terns Pharmaceuticals and Viking Therapeutics . Madrigal shares, for example, are down about 12% week to date. Terns shares rose nearly 8% on Thursday, but the stock is down 5% week to date. The weakness came despite the fact that some of these names are also working on their own GLP-1 medications, and may eventually benefit from the growing market for those drugs. TERN 5D mountain Terns shares are down 36% year to date. Early data has shown that GLP-1 medications can reduce fat in the liver. That has led to questions as to whether NASH-only therapies are needed, Goldman analysts said. But they expect the drugs will remain necessary because GLP-1 drugs have yet to show they improve fibrosis, which is associated with NASH. "Given the complicated pathophysiology of NASH, many [key opinion leaders] have posited that combining multiple drugs with different mechanisms of action could offer an attractive benefit," the analysts said.

https://www.cnbc.com/2023/08/01/stocks-making-the-biggest-moves-midday-coinbase-sofi-doordash-and-more.html

RMD

ResMed

Stocks making the biggest moves midday: Coinbase, SoFi, DoorDash and more

Check out the companies making headlines in midday trading. Toyota Motor — Shares rose 2.1%, hitting a new 52-week high, after the company reported a revenue beat in the fiscal first quarter. Toyota posted operating income of 1.12 million yen ($7.84 billion), which was 94% higher than a year prior. Analysts polled by Refinitiv had expected 9.878 trillion yen. Coinbase – Shares of the crypto exchange dropped 4.5% after a federal judge said some crypto assets are securities regardless of the context in which they are sold. The opinion came from the same Manhattan federal court that handed down a controversial ruling in the Securities and Exchange's suit against Ripple in July, which said the opposite in the case of Ripple's XRP token and gave investors optimism that Coinbase might prevail in its own battle with the SEC. ResMed — The health technology stock advanced 1.3% after RBC upgraded shares to outperform, citing an appealing risk-reward profile. Gap , American Eagle — Shares of Gap were up 3.1% after Barclays upgraded the stock to overweight from equal weight. Analyst Adrienne Yih assigned a $13 price target to the company, which suggests shares could rally 26.2% from Monday's close. Barclays also upgraded retailer American Eagle, which gained 4.2%. DoorDash — Shares tumbled 4.6% ahead of the company's quarterly earnings announcement Wednesday after the bell. ZoomInfo Technologies – Shares tumbled almost 27% after the data company reported a weak revenue outlook for the third quarter in its financial update late Monday. ZoomInfo forecast $309 million to $312 million in revenue for the quarter. Analysts expect $326 million, according to Refinitiv. The company also missed revenue expectations for the most recent quarter. JetBlue Airways – The airline saw shares fell more than 8% after it cut its 2023 outlook and warned of a potential loss in the current quarter, pointing to challenges from a shift toward international travel and the the end of its partnership with American Airlines in the Northeast. Earnings and revenue for the second quarter were in line with analysts' estimates. Zebra Technologies — The stock slid more than 17% after the company posted disappointing results for the second quarter. While earnings topped analyst estimates, revenue came below expectations. The company's third-quarter earnings guidance of 60 cents to $1 also missed analyst estimates of $3.76 earnings per share from FactSet. Norwegian Cruise Line Holdings , Carnival — Shares of Norwegian Cruise Line plunged 12% Tuesday. While the company posted an earnings and revenue beat in the second quarter, its third-quarter guidance missed analyst estimates. Carnival's shares also shed 5.7% in tandem. Rockwell Automation — The industrial automation company's stock fell 7.5% after a disappointing earnings report. The company reported $3.01 earnings per share and revenue of $2.24 billion. Analysts had estimated $3.18 earnings per share on $2.34 billion in revenue, according to FactSet. Monolithic Power Systems — The semiconductor-based electronics company's stock lost 1.6% following its earnings announcement Monday after the bell. Despite reporting better-than-expected earnings and revenue in the second quarter, its third-quarter revenue guidance was lower than analysts were expecting. Molson Coors Beverage — Shares fell 4.6l% after the brewing and beverage company reported mixed quarterly results before the bell. Its second-quarter revenue of $3.27 billion fell short of the $3.29 billion expected from analysts polled by StreetAccount. Adjusted earnings per share, however, topped expectations. Leidos Holdings — The defense solutions company's shares rallied 6.9% after its second-quarter results topped analyst estimates. The company posted $1.80 earnings per share on $3.84 billion in revenue. Analysts polled by FactSet had expected $1.57 earnings per share on $3.72 billion in revenue. Eaton Corporation — The power management company's shares increased 6.6% after beating analyst expectations on both earnings and revenue in the second quarter. The company's full-year earnings guidance also came above estimates. Global Payments — Shares jumped 9.5% following the company's second-quarter earnings announcement. Global Payments reported $2.62 adjusted earnings per share on $2.2 billion in adjusted net revenue. Meanwhile, analysts had estimated $2.59 earnings per share on $2.19 billion in revenue, according to FactSet. — CNBC's Alexander Harring, Yun Li, Pia Singh, Tanaya Macheel, Michelle Fox and Sarah Min contributed reporting

https://www.cnbc.com/2023/08/01/tuesday-top-wall-street-analyst-calls-like-apple-tesla.html

RMD

ResMed

Here are Tuesday's biggest analyst calls: Apple, Tesla, Amazon, Gap, Target, PayPal, Coinbase & more

Here are Tuesday's biggest calls on Wall Street: Baird reiterates Apple as outperform Baird raised its price target on the stock to $204 per share from $180 and said it's bullish heading into earnings Thursday. "We expect solid FQ3 results, though the focus will quickly be the next iPhone cycle, and historically AAPL outperforms mildly from August to mid- September. Cantor Fitzgerald downgrades Rivian to neutral from buy Cantor downgraded the stock on rising competition and on valuation. "We are increasing our 12-month PT on Rivian (RIVN) to $29 (from $27), but we are downgrading it to Neutral (from OW) based on valuation given the recent outperformance in the share price (stock is up ~50% YTD), and on increased competition." Morgan Stanley reiterates Tesla as equal weight Morgan Stanley said in its annual ask the interns survey that Tesla favorability fell. " Tesla's desirability among the interns fell significantly YoY to 14%, below Mercedes at 20%." Barclays upgrades Gap and Tapestry to overweight from equal weight Barclays upgraded several retailers on Tuesday and said sales-to-inventory growth is getting better. "We are upgrading each of AEO, BBWI, GPS , and TPR given their improving sales-to-inventory growth metrics, as well as company-specific drivers to return to growth in 2024 despite what we expect could be lowered top-line sales guidance for 2H23. Read more about this call here. RBC upgrades ResMed to outperform from sector perform from outperform RBC said it sees an attractive risk/reward for the medical device company. "We expect RMD to deliver strong rev growth, but earnings to slightly miss consensus. Nonetheless, we expect RMD to report a robust result with strong CF generation and a positive outlook." Morgan Stanley reiterates PayPal as overweight Morgan Stanley said it's bullish heading into PayPal earnings on Wednesday. " PYPL has essentially recovered to the levels last seen heading into its 1Q23 earnings on the back of improving consumer sentiment and better eComm data points." Oppenheimer reiterates Target as outperform Oppenheimer said investors should buy the dip ahead of Target earnings later this month. "For longer-term players, we would continue to take advantage of dips and a currently depressed valuation. We continue to anticipate a multiyear margin recovery." Canaccord reiterates Coinbase as buy Canaccord raised its price target on the stock to $140 per share from $70 and said the crypto company is gaining "material momentum." "While Coinbase remains a crypto lightning rod in many respects, we cannot [help] but see the company gaining material momentum across a variety of different fronts, with some of them happening in just the last few weeks." KBW downgrades SoFi to underperform from market perform KBW downgraded the stock mainly on valuation. "We are moving our rating on SOFI to Underperform from Market Perform after the impressive run in the shares (+142% since mid-May trough), as we believe valuation has overshot the fundamental earnings outlook." Citi downgrades Estee Lauder to neutral from buy Citi said the recovery path is too uncertain for the cosmetics company. "Importantly, while we think the market is braced for a low initial FY24 guidance, we worry continued weakness in results may lead investors to question the 'normalized earnings power' of EL for FY25." Read more about this call here. Citi reiterates Amazon as buy Citi is staying bullish heading into Amazon earnings on Thursday. "While the focus is on AWS growth in 2Q and QTD—though expectations appear to be coming down following Azure's 2Q23 result—we'll be listening for progress with AWS' GenAI offering, a key catalyst and one that we believe is increasingly coming into focus as Bedrock gains scale and functionality." Bank of America reiterates DraftKings as buy Bank of America is bullish heading into earnings later this week. "But we think DKNG will continue to strike a balance between growth and progress on profitability going forward. Reiterate Buy and $35 PO on DKNG's growth and cost inflection." Bank of America reiterates DoorDash as buy Bank of America is bullish heading into DoorDash earnings on Wednesday. The firm raised its price target to $95 per share from $82. "Food delivery has remained resilient despite the tough consumer Internet backdrop, and though comps get tough in 4Q, we have yet to see cracks in the growth trajectory." Bank of America reiterates Take-Two as buy Bank of America said it sees an attractive risk/reward heading into earnings next week. "Positive quarterly results for mobile, a recurring business, may be extrapolated to FY25 & beyond, raising both TTWO's multiple & estimates." Bernstein reiterates Anheuser-Busch InBev as outperform Bernstein said it's standing by shares of Anheuser heading into earnings later this week. "Expecting solid revenue from price-mix but margins will be under pressure from US de-leverage." Atlantic Equities upgrades Goldman Sachs to neutral from underweight Atlantic Equities said it sees some positive catalysts starting to emerge for the investment bank. "Despite the weak reported numbers in Q2 - EPS -60% YoY - there were some encouraging signs for Goldman. " Morgan Stanley reiterates Ford as overweight Morgan Stanley said it's standing by its overweight rating, but that the company needs an electric vehicle strategy change soon. "We estimate Ford's EV business (Model e) will burn roughly $50k/unit of cash this year and, without a strategy pivot, could get even worse before it gets better. Our OW assumes a material change in EV strategy. And soon." Argus reiterates Meta as buy Argus raised its price target on the stock to $375 per share from $353 and says the company's cutting efforts are working. " Meta is benefiting from deep cost cuts earlier this year, though significant Reality Labs losses continue. We give management kudos for rapidly delivering Threads, a Twitter competitor, as it looks to take share amid Twitter's self-inflicted wounds."

https://www.cnbc.com/2023/05/01/ai-mentions-in-earnings-calls-skyrocket-this-season-what-executives-are-saying.html

RMD

ResMed

A.I. mentions in earnings calls skyrocket this season. What executives are saying

Executives at some of America's largest companies are increasingly focused on artificial intelligence — and it's a theme that expands beyond the boundaries of Big Tech. AI has surged in popularity this year as the launch of chatbots opened the floodgates for regular people to better understand and interact with machine-learning technology. Leaders at the largest publicly listed companies in the U.S. are reporting using the technology to improve services ranging from advertising to customer service to curbing credit card theft. And some have noted they've been using AI for years, putting them ahead of competitors as the corporate appetite for the technology grows. More companies in the S & P 500 have mentioned AI in calls with analysts in the first half of this earnings season than any prior quarter in the past several years, according to data analyzed by CNBC. Bank of America's Savita Subramanian also noted that AI mentions are currently up more than 85% from the year-earlier quarter, with additional mentions expected from companies that have yet to report. This trend is becoming especially more prominent in Big Tech. "Across the company, we are excited about helping people, businesses and society reach their full potential with AI," Alphabet CEO Sundar Pichai told analysts last week. The Google parent company launched Bard, an AI-powered conversational chatbot, this year, while management noted it has used a form of AI for over a decade in its advertising business. "Our investments and breakthroughs in AI over the last decade have positioned us well," Pichai said at a different point in the call with analysts. As of last Friday afternoon, with half of S & P 500 companies having reported earnings, about one-quarter had mentioned AI at one point in their quarterly calls with analysts. That's the largest share of companies to mention the technology since at least 2016. By comparison, less than 5% of companies mentioned AI in analyst calls held during the first quarter of 2016. In turn, AI's growing emphasis in corporations and broader culture have led some investing pros to consider it a bright spot against a challenged macroeconomic backdrop. The Global X Artificial Intelligence & Technology ETF (AIQ) has rallied more than 18% this year, outperforming both the technology-heavy Nasdaq Composite and the broader S & P 500. But some have questioned whether stocks feeling AI tail winds can keep up the steam of this year's rally. Big Tech mentions jump AI has been a growing theme in Big Tech as companies try to capitalize on the wave following last year's steep sell-off. In calls from Big Tech companies alone, AI was mentioned 265 times. That's more than 17 times the number of mentions it got during calls held in the first quarter of 2016. Meta Platforms CEO Mark Zuckerberg said on the company's call with analysts last week that AI recommendations of content from people a user doesn't follow now account for more than 20% of content in their Facebook and Instagram feeds. That's driven a more than 24% increase in time spent on Instagram, he said, with monetization efficiency of Reels, its short-form video platform, up more than 30% on Instagram and 40% on Facebook compared with the prior quarter. Meta has led the AIQ charge this year, with shares nearly doubling since the beginning of the year (though Meta still trades below where it ended 2021 due to the depth of 2022's sell-off). Nvidia , a chipmaker largely considered a major beneficiary of the AI buzz, followed closely with a more than a 98% jump. Elsewhere in Big Tech, Microsoft CEO Satya Nadella said more AI is coming to the company's Power Platform app suite, and Amazon CEO Andy Jassy said part of the investments in its cloud service, Amazon Web Services, will be in integrating generative AI and large language models. "In my opinion, few folks appreciate how much new cloud business will happen over the next several years from the pending deluge of machine learning that's coming," Jassy said on his call with analysts last Thursday. The 'tip of the spear' This isn't just a tail wind for marquee technology names. At medical device company ResMed , AI-driven coaching features will be introduced for its patient management system and patient portal in the next several quarters. CEO Michael Farrell said it's part of a goal of getting some customers to increase engagement. "Our share is not only going to stay where it is, but have the chance to grow from that because we are the market leader in this," he said on a call with analysts Thursday. "No one's investing like we are in cloud compute. No one's investing like we are in analytics, in AI and ML, and engagement with patients and physicians and providers. And we're not doing it alone. We're doing it with the ecosystem, with the patients. We're listening to them, with the physicians and with the providers." AT & T CEO John Stankey said the telecom giant is in early AI-testing trials to improve fleet dispatches for field technicians. He also said the company is using the technology to better connect customers with the correct type of support, while noting AT & T is at the "tip of the spear of what's possible." Some execs on calls said they have already seen results. Citigroup and Visa both mentioned using AI to improve fraud identification to help reduce operating losses, with Visa noting that AI blocked $7 billion in attempted transactions in one month for one client. And executives at real estate company UDR said its AI chat has a 10% higher closing rate than normal call centers. "Customers are embracing it, so it must be working," UDR CEO Thomas Toomey said on the company's Friday call with analysts. Early adopters To be sure, some executives emphasized their company's long-standing use of AI. Though S & P 500 earning calls thus far show a likely multiyear record for the number of companies discussing AI at almost 25%, that share was near 20% in the fourth quarter of 2021. Interpublic Group of Companies CEO Philippe Krakowsky noted the advertising company brought on a chief AI officer two years ago. And ServiceNow operating chief Chirantan Desai said the company has already used the technology for multiple years, but he's "very optimistic" that it could noticeably help the company's top line over the next three to five years. Google parent Alphabet, meanwhile, was one company whose executives said that early adoption of the technology has helped them get ahead of the wave of interest. Mastercard CEO Michael Miebach noted during a call on Thursday that the company has used AI "for the better part of the last decade, so it's embedded in a whole range of our products." He said the company is focused on finding more ways to implement AI is a "principled way," noting employees are allowed to experiment within "clear guardrails" and outside of actual production. Miebach's comments come amid increasing scrutiny over the ethics of AI, with some tech leaders and others calling for a pause in the development of advanced systems like those that can compute with human intelligence. "It's something that we cannot afford to ignore. We will not," Miebach said. "We will lean in but make sure that we are a trusted party when it comes to scaling it up."

https://www.cnbc.com/2023/04/14/fridays-top-stocks-to-buy-according-to-wall-street-analysts.html

RMD

ResMed

Here are Friday's biggest analyst calls: Amazon, VF Corp, Deere, Netflix, Rivian, Nvidia & more

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating on the stock. "Maintain Buy on Amazon. Three overhangs on stock have been retail margin cuts, AWS revenue deceleration, and potential TAM saturation. [Thursday's] letter set a positive framework for discussion of these on the 1Q call." UBS reiterates Netflix as neutral UBS said all eyes will be on the password sharing crackdown when Netflix reports earnings next week. "We expect 1Q to show continued progress toward re-accelerating growth. We believe subs will come in ahead of mgmt's outlook for 'modest' adds, helped by a slower ramp for paid sharing (shifting potential churn into 2Q)." Goldman Sachs upgrades VF Corp to buy from sell Goldman said in its upgrade of the apparel and footwear company that it sees improved profitability. " VFC's revenue and earnings trajectory has underperformed the market, but we believe the stock is nearing an inflection point with the balance of catalysts for the stock now weighted to the upside." Read more about this call here. Piper Sandler downgrades Rivian to neutral from overweight Piper said it still likes the electric vehicle company but that it needs more capital. "In order for RIVN to justify its cost structure, the company must spread its investment over millions of units (just like Tesla does), and in order to finance such aggressive expansion, RIVN will need capital." Read more about this call here. Mizuho initiates ResMed as buy Mizuho initiated the medical device maker of sleeping machines like CPAP and says ResMed is the "undisputed king of sleep." "Our Buy rating is based on: 1) positive feedback from our proprietary Sleep survey that points to healthy underlying US volumes, 2) lingering pent-up demand due to US staffing shortages." UBS reiterates Amazon as buy UBS said it's standing by its buy rating on the stock but came away from the company's shareholder letter with less optimism on a "game-changing direction around margins." " AMZN's annual shareholder letter, a defense of investment, underscored the company's commitment to invest and the breadth of Amazon's ambitions - from retail and AWS, to content, healthcare, satellite internet, int'l, grocery, and more. A lot to manage. We come away less optimistic on any game-changing direction around margins and still unsettled by a cloudy outlook at AWS." Citi opens a negative catalyst watch on Harley-Davidson Citi said it sees "increasing credit loss metrics for Harley-Davidson. "Our recent analysis of both securitized receivable delinquencies and used motorcycle pricing point to fewer borrowers making monthly payments and lower recovery values once bikes are repossessed, a recipe for increasing credit loss metrics and eventually a higher loan loss reserve." Oppenheimer reiterates PulteGroup as a top pick Oppenheimer said the stock is still a favorite idea citing "multiple expansion." "We expect multiple expansion given a positive backdrop for builders broadly and because PHM likely will have the highest ROE in the space this year." Cowen reiterates Alphabet as outperform Cowen said it's bullish heading into Alphabet earnings later this month. "Our 1Q Digital ad expert check call on 4/6 suggests that a resilient US consumer helped drive GOOG 1Q23 Search spend growth near 4Q levels despite NT macro headwinds." Cowen reiterates Nvidia as outperform Cowen said Nvidia is a leader in AI. " NVIDIA continues to lead from the front across all the most important AI verticals. Expect continued momentum in results." JPMorgan upgrades Hello Group to overweight from neutral JPMorgan said in its upgrade of the China messaging and social search company and says it sees a "recovery." "We upgrade MOMO from N to OW (recovery in 2H23 with better social sentiment)." William Blair reiterates Charles Schwab as outperform William Blair said it's standing by its outperform rating on the stock heading into earnings next week. "First-quarter results should indicate that earnings momentum is slowing as cash sorting continues. Sorting is reducing sweep cash, which Schwab is replacing to a degree with higher cost short-term funding." Stifel resumes Kraft Heinz, General Mills and Mondelez as buy Stifel resumed coverage of several food stocks like Kraft Heinz, General Mills and Mondelez and says they are at an inflection point. "While investors remain generally cautious on Food stocks after a strong performance in 2022, we believe the margin inflection could be stronger than expected and elasticity should remain stable and low." Wells Fargo reiterates Estee Lauder as overweight Wells kept its overweight rating on shares of Estee Lauder and said China cosmetics import data signals a return to growth. "With our data tracking in China improving, and following constructive results from LVMH, we think it's reasonable to assume a turn in China is underway." Bank of America reiterates PayPal as buy Bank of America said it's standing by its buy rating on the stock heading into earnings in early May. "Given ongoing macro cross-currents, we think the most likely scenario is for PYPL to continue providing top-line guidance one quarter at a time." Barclays reiterates Disney as equal weight Barclays said it sees slowing streaming growth heading into Disney earnings in early May. " Disney and WBD are both in another strategy transition phase and focused on taking out costs from the streaming business." Bernstein reiterates Boeing as outperform Bernstein said it's standing by its outperform rating on the stock after it a 737Max parts issue surfaced on Thursday. "Yesterday it was disclosed that Spirit Aerosystems identified a manufacturing process issue with a fitting used to attach the vertical fin of the 737MAX to the fuselage." Stifel reiterates Microsoft as buy Stifel said it's standing by its buy rating on Microsoft heading into earnings later this month. "Looking forward, a year ago management provided its early FY23 double-digit top and bottom line commentary, but we expect a less granular forward guide focused on OPEX vs revenue growth given the ongoing uncertainties within the global economy." DA Davidson reiterates Deere as buy DA Davidson said the ag equipment company is a "near term buy." "Ethanol usage does appear stable in the near term, and the megatrends are likely to take 20+ years to play out, making DE a near-term BUY."

https://www.cnbc.com/2023/04/13/these-underowned-stocks-earnings-could-surprise-the-market-bofa-says.html

RMD

ResMed

These underowned stocks could surprise the market with upside this earnings season, BofA says

As another earnings season picks up, Bank of America says investors may find upside opportunities in certain underowned stocks that could beat expectations. Several U.S. banks are releasing their first-quarter earnings on Friday, offering the first peek at performance since a series of bank failures in March. JPMorgan Chase , Wells Fargo , Citigroup , as well as regional name PNC Financial , are posting their quarterly results before the bell. The SPDR S & P Regional Banking ETF has tumbled 27.1% so far this year. Meanwhile, Refinitiv anticipates S & P 500 earnings to fall 5.2% year over year. With these conditions in mind, Bank of America named some underowned companies whose first-quarter earnings could give investors a positive surprise. The bank screened for S & P 500 stocks with a buy rating and higher per-share earnings estimates than the consensus — expressed by the z-score between the two values. Bank of America's estimates for Marathon Petroleum are 0.3 standard deviations above the consensus value. The energy company's shares have gained 11.6% so far in 2023. Shares could have an additional 17.6% upside from Wednesday's closing price, according to a Refinitiv analyst survey. Marathon Petroleum is underweight by active funds, with a relative weight value of 0.2. Drug developer Merck could also outperform in its next earnings announcement, according to Bank of America. The stock is considered a defensive name with promising dividend growth, currently yielding 2.7%. On Thursday, Merck was upgraded by Citi, which said its drug pipeline was underappreciated by the market. More than 70% of analysts covering Merck are bullish on the stock, according to Refinitiv data. Shares are trading about 3.9% below its 12-month consensus price target of $118.96. Medical device maker Resmed also made the list, with a z-score of 0.8 and relative weight value of 0.1. The company's stock has risen 8.8% in 2023, largely in-line with the S & P 500's 7.9% increase. Refinitiv analysts estimate shares rallying an additional 13% in the next 12 months. Everest Re Group has a calculated z-score of 1.3, meaning that Bank of America's estimates on the insurance company's first-quarter earnings per share is 1.3 standard deviations higher than Wall Street's estimates. The stock's relative weight in fund holdings versus the broad market index is 0.1. Everest Re Group is scheduled to post its quarterly results on May 1. Shares are up 9.4% year to date. Another insurance company featured on the list is Arch Capital Group. Bank of America's analysts covering the stock anticipate its first-quarter earnings per share to top the average Wall Street estimates by 1.2 standard deviations. The Bermuda-based insurance group's relative weight in active fund holdings, versus the S & P 500, is 0.6. Shares have rallied 11.4% year to date and have further 9.5% upside, according to Refinitiv. —CNBC's Michael Bloom contributed to this report.

https://www.cnbc.com/2021/05/12/op-ed-stronger-remote-patient-monitoring-policies-needed-.html

RMD

ResMed

Op-ed: Stronger remote patient monitoring policies critical for rural, low-income and elderly

File photo: After waiting all night outside the Remote Area Medical makeshift clinic to have the chance to see a doctor, patients are being processed and registered for treatment in Knoxville, Tennessee. The increased adoption of telehealth and digital health technologies that help physicians monitor patients and allow patients to track their own health will be an enduring positive legacy of the pandemic. However, only with increased coverage and adequate reimbursement can we truly democratize health care. As the nation looks to embrace the health-care technology revolution through AI, digital therapeutics, and medically accurate wearable devices and sensors, governments need to work towards implementing a regulatory approach that takes into account all aspects of the digital health landscape. Making the right temporary waivers permanent after the public health emergency ends should be a national priority. Despite growing worldwide interest in telemedicine remote monitoring, physician ambiguity around reimbursement is creating barriers to adoption and preventing the delivery of effective, remote care for multiple conditions. At the end of last year, the Centers for Medicare and Medicaid Services (CMS) added more than 60 services to the Medicare telehealth list that will continue to be covered beyond the end of the public health emergency. However, future coverage and payment for digital health solutions like remote patient monitoring will need to be considered for new areas of medicine to help maximize patient access. Although recent CMS developments in coding have been transformational, payment levels remain low. There are no benefit categories that consider modern medical technologies for coverage and payment. Meanwhile, the demand for virtual health-care and digital health tools only continues to increase. A significant level of legislative activity indicates that policymakers are aware of the problem and interested in expanding access to virtual health-care. In fact, more than 200 bills are pending at the state level, and dozens of bills have been introduced in Congress – from both sides of the aisle – to allow Medicare and Medicaid coverage and reimbursement of digital health tools to continue beyond the coronavirus pandemic. Many are also focused on helping vulnerable populations receive the care they need.

https://www.cnbc.com/id/25481271

RMD

ResMed

Waking Up to Sleep Apnea

ResMed makes continuous positive airway pressure devices – sleep-apnea machines, in layman’s terms – and the company controls 40% of the market in a duopoly with Respironics. ResMed stock had dropped, though, after Medicare’s administrators introduced competitive bidding to bring down the price of sleep-apnea machines. But Cramer said he thought Wall Street overreacted, especially since less than half the company’s sales come from the U.S., and only 20% of that is Medicare-related. There’s also the chance that, while the first round of bidding got underway Tuesday, Washington could delay the second round, due in mid-2009. The growth catalyst for ResMed is the increased awareness, and as a result increased diagnosis, of sleep apnea. The company estimates that 35 million potential patients aren’t being treated. As doctors realize just how pervasive this disease is, ResMed’s business should pick up. Another thing that should boost sales at ResMed is that Medicare administrators have made home-diagnostics for sleep apnea a reimbursable treatment. This is a big deal because most sleep-apnea patients are directed to sleep labs, but never go because it’s such a hassle. And since ResMed makes both the sleep-apnea machines and the machines that test for the disease, the company’s in great position to profit now that it looks like more people will be getting tested and treated. Cramer said ResMed could go as high as $50, a 12-point bump from Tuesday’s close. And even though the takeover rumors pushed the stock up 7% today, Cramer said the growth potential here means the stock is still a buy. Of course, it’s probably a good idea to wait for a pullback, though. Questions for Cramer? madmoney@cnbc.com Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

https://www.cnbc.com/2022/10/28/stocks-making-the-biggest-moves-midday-apple-amazon-intel-and-more.html

RMD

ResMed

Stocks making the biggest moves midday: Apple, Amazon, Intel and more

Customers shop at the Apple Fifth Avenue store for the release of the Apple iPhone 14 in New York City, September 16, 2022. Check out the companies making headlines in midday trading. Apple – Shares of Apple jumped 7.6% after the technology giant beat both top and bottom line estimates when it reported earnings results for its latest quarter. Intel – The chip stock popped 10.7% after surpassing analysts' estimates for the recent quarter and outlining a plan to reduce costs by $10 billion over the next three years. Amazon – Shares of Amazon slipped 6.8% Friday after the retailer on Thursday reported quarterly revenue that fell short of Wall Street's expectations. The company also projected weaker holiday sales than analysts expected. T-Mobile – T-Mobile stock jumped 7.4% after the telecom company reported the largest jump in subscriber numbers since 2020, when it merged with Sprint. DexCom – Shares of DexCom, a medical supply company that makes diabetes management systems, jumped 19.4% after it reported quarterly results that beat analyst expectations. Gilead Sciences – The pharma company's shares rose 12.9% after following a better-than-expected earnings and revenue report for this latest quarter, according to StreetAccount. Gilead also issued upbeat earnings and total product sales guidance. Truist upgraded the stock Friday to a buy. DaVita Inc – DaVita, a health-care company focused on kidney care and dialysis, dropped 27% Friday after reporting quarterly results that fell short of expectations due to the impact of Covid-19 and a labor shortage. The medical company also cut its 2022 outlook. Etsy – Shares of online retailer Etsy shed 2.9% Friday, following Amazon lower after the e-commerce giant's miss. Pinterest – Pinterest rose 13.8% after the social media company beat earnings expectations and reported more monthly users than analysts forecast. Edwards Lifesciences – Shares of the medical technology company shed 17.9% Friday after reporting quarterly earnings that fell short of Wall Street's expectations due to hospital staff shortages and the strong U.S. dollar. The company also cut its guidance for the year. Verisign – Shares of the internet company jumped 9.5% Friday after its quarterly results beat analysts' expectations, including revenues up on the year. Charter Communications – Shares of the cable company gained 3.6% after broadband subscribers grew during the third quarter. Net income per share rose year-over-year. However, the company's revenue did come in below expectations, and a key profitability metric also missed estimates, according to StreetAccount. Chinese stocks – Chinese stocks Friday as the Hang Seng Index sold off after President Xi Jinping was given a third term as the country's leader. JD.com shed 4.2%. Baidu slid 2.9%, while Alibaba dropped 3.2%. Pinduoduo fell 0.3%. McDonald's – The fast-food giant saw shares rise 3.6% after Morgan Stanley reiterated its overweight rating on them. The firm called McDonald's a must own "in these times" after its earnings report on Thursday showed growing traffic to its U.S. restaurants. Deckers – The footwear and apparel maker fell 4%, despite reporting strong quarterly earnings that led UBS to reiterate its buy rating on the shares. Deckers also reaffirmed its conservative full-year financial outlook. Resmed — Shares dropped 5.8% after Citi downgraded shares of Resmed to neutral from buy, according to StreetAccount. The medical equipment company reported quarterly results on Thursday, posting revenue that slightly beat expectations, according to consensus estimates on StreetAccount. LyondellBasell Industries — The stock dropped 5.5% after LyondellBasell Industries missed profit and sales expectations in its latest quarterly report, according to consensus estimates on StreetAccount. CEO Peter Vanacker said in a release that high inflation and energy costs, as well as weaker seasonal demand, will result in more challenging conditions in the fourth quarter. Bio-Rad Laboratories – Shares of Bio-Rad Laboratories shed 7.98% after the life sciences company reported disappointing quarterly results. Principal Financial Group – Shares of financial services company Principal Financial Group gained 7.5% after the company beat estimates for its quarterly results, which were reported Thursday. The company also declared its dividend. Bloomin' Brands – The parent company of Outback Steakhouse saw shares rise 4% after beating expectations on the top and bottom lines in its latest quarterly report. — CNBC's Samantha Subin, Sarah Min, Tanaya Macheel and Jesse Pound contributed reporting.

https://www.cnbc.com/2019/01/25/stocks-making-the-biggest-moves-midday-amazon-meritage-homes-ford.html

RMD

ResMed

Stocks making moves midday: Airlines, Ford, Western Digital, Vale & more

These are the companies making headlines in the middle of Friday trading: Intel , AMD – Intel fell 5.5 percent after the chipmaker said it expects revenue to be nearly flat compared to last year. But other chipmakers held up with AMD shares rising 5.2 percent. Many analysts believe Intel's issues were company specific and noted AMD was gaining market share in PCs and other areas. Western Digital – The semiconductor stock jumped 7.5 percent. Western Digital's earnings were below expectations yet investors welcomed the company's efforts to cut costs. Ford Motor – The automaker's shares rose 3 percent after CEO Jim Hackett sent an email to employees that last year's "mediocre" results were unacceptable. Hackett said Ford aims to nearly double its annual operating profit, although he did not specify when that would happen. Vale S.A. – A dam owned by the Brazilian mining company burst on Friday, leading to evacuations. Local emergency personnel in Brazil told AFP that the dam's collapse caused "several deaths" due to a mudslide. Vale stock slid 8.1 percent on Friday. Delta Air Lines , American Airlines , United Continental – Airline stocks initially fell following reports of delays at airports across the northeastern U.S. on Friday. The government shutdown is causing a rising shortage of air traffic controllers, which delayed flights to and from New York's LaGuardia, Newark Liberty International and Philadelphia International Airport. Shares of the airlines ended the day positive. Starbucks – The coffee giant's shares gained as the company reported strong sales and earnings growth for its first quarter report. Starbucks saw revenue climb 9 percent year-over-year. Starbucks shares rose 3.6 percent. ResMed – The medical equipment company stock dropped 19.4 percent after reporting shaky second quarter results, with revenue coming in below Wall Street estimates. ResMed announced a temporary suspension of share buybacks, saying the company needs more cash on hand for acquisitions. Goldman Sachs and J.P. Morgan each downgraded ResMed shares to ratings of neutral and underweight, respectively. WATCH: Ford is using bionic suits to help employees work safer

https://www.cnbc.com/2017/02/09/breakingviews-twitter-ceos-excuses-look-like-fake-news.html

RVTY

Revvity

Breakingviews: Twitter CEO’s excuses look like fake news

Someone needs to remind Jack Dorsey that brevity is the soul of wit – not to mention of Twitter. The social-media platform chief executive's long-winded excuses about the firm's fourth-quarter earnings could use an edit that cuts to the chase: Sad! The purveyor of 140-character blasts beloved by President Donald Trump posted its slowest year-on-year revenue growth in the last three months of last year since it went public in 2013. Despite political, media, corporate and investor interest in Trump's almost uninterrupted stream of tweets, Twitter eked out only a one percent increase in sales. Its shares slumped 10 percent on Thursday morning More from Breakingviews : Emerging market funds get rare bit of good news Dorsey, who also serves as CEO of online payments firm Square , said that advertising revenue would lag user growth. But Twitter only added four percent more monthly users in the fourth quarter from a year before, topping out at 319 million. Daily active users increased at a faster 11 percent pace but Twitter didn't disclose the number behind this metric, which is preferred by ad buyers. Other companies that share, loosely, a recent focus on the U.S. commander-in-chief, saw public interest repaid with big gains in user numbers. The New York Times, for example, in the fourth quarter reported its strongest increase in digital subscriptions since 2011 – and unlike Twitter, the media company makes users pay. Since Dorsey returned to the CEO job more than a year ago, Twitter has continued to struggle. It couldn't find a willing buyer. Executive departures including the exit of respected chief operating officer Adam Bain have slowed efforts to right the ship. Facebook , Alphabet's Google and Snap are taking advertising share. And the company has been sluggish cleaning up abusive users. A peppy statement saying Twitter has made "significant strides" and is positioned for "long-term sustainable growth and GAAP profitability" isn't supported by the facts. Twitter nearly doubled its loss to $167 million in the fourth quarter from a year earlier. Its $118 million non-GAAP profit in the quarter, conveniently excluding the value of stock handed to employees as compensation and restructuring charges, is in the category of fake news. The board once claimed it wanted a full-time CEO, before accepting Dorsey's part-time commitment. It's becoming clear that if the two-timing boss is really giving Twitter his all, it's not enough. For more independent commentary and analysis from Reuters Breakingviews, visit breakingviews.com Jack Dorsey, co-founder and CEO of Twitter Drew Angerer | Getty Images

https://www.cnbc.com/2017/10/29/women-vcs-in-health-tech-halle-tecco-ann-lamont-and-9-more.html

RVTY

Revvity

11 women who prove that health tech investing isn't a boys' club

Women continue to represent a tiny sliver of investors in Silicon Valley and other tech hubs. But in health tech, the divide isn't quite as stark as in other sectors. New research from the early-stage investment fund Rock Health found that women make up about 11 percent of health-tech partners, a slight decrease from 11.4 percent in 2015. The average overall for venture capital is just 7 percent. In the research process, Rock Health looked at the websites of 131 venture firms that invested in at least 5 start-ups in the space. The researchers specifically included partners and managing directors, while discounting associates, principles and board partners. It also didn't include life sciences funds, of which there are also higher-than-average numbers of female partners. CNBC set out to meet 11 female investors in both digital health and life sciences to find out what they'd change about Silicon Valley, how they got into venture, and what they're looking for. These interviews have all been edited for brevity. Halle Tecco, Techammer angel investor Halle Tecco Nerd cred? Probably the Shark Tank database I maintain. Most admired female exec in any industry? Sheila Johnson. She is one of the most multi-talented entrepreneurs who proves that you can continue to reinvent yourself. Sheila has been a concert violinist, the founder of BET, a film producer, owner of two professional sports teams, a mother, a hotelier, and a philanthropist. Biggest portfolio success story? In terms of exit multiple, Misfit Wearables (which sold to Fossil for $260 million) has been my best personal investment. What's first thing you'd change about Silicon Valley if you had a magic wand? Professionally, I grew up in Silicon Valley. I moved there straight from college, and left only two years ago. I loved my time in the Bay Area but if I were to change anything, it would be the livability. It's become so overcrowded, expensive and monocultural. Julie Papanek Grant, Canaan Partners partner Canaan Partners Most admired female exec in any industry? I started my career working under Sue Desmond-Hellmann at Genentech. She was intensely focused; fearless when it came to making organizational change; led with patients' interests first; and also remained humble. I remember seeing her on public transportation commuting to Genentech while executives at other companies took private jets and helicopters. What question do you wish you were asked more often? I wish more venture capitalists called me, or other women in business, to ask for recommendations for qualified women for boards, investor positions or CEO roles. What's first thing you'd change about Silicon Valley if you had a magic wand? The cost of living and commute times. The Bay Area needs to take affordability and transportation infrastructure seriously. Employees are less willing to commute 90 minutes or more and companies cannot retain the teams they need. Camille Samuels, Venrock partner Camille Samuels Biggest challenge with being a woman in venture? I think of myself as "just one of the _____" (insert your preferred noun, like "guys" or "partners" or "colleagues.") That's often not how others usually see me, and I worry that there are jokes I don't hear, events I don't get invited to, or deals I don't see as a result of simply being "different." Most admired female exec in any industry? Ruth Bader Ginsberg for being strong, funny, outspoken, and irreverent. Oh, and for her politics! Biggest portfolio company success story? I was the only institutional investor in a seed round for a company called Kythera. I actually helped conceive of the founding idea and recruited the awesome CEO, Keith Leonard. The company went on to go public, get a drug approved, and sell to Allergan for $2.1 billion. What's first thing you'd change about Silicon Valley if you had a magic wand? I'd change the star culture, particularly the way the media depicts our companies as being created and propelled by a singular hero. Building a great company is a group activity, and it's not nearly as simple as a brilliant and charismatic founder getting a fancy venture capitalist to give him lots of money. Lisa Suennen, GE Ventures managing director Lisa Suennen Biggest challenge about being a woman in venture? While most men in venture are great to work with, there are unfortunately a notable number who don't take women seriously. It's also very frustrating to watch how some male VCs treat female entrepreneurs. However, there are some signs that the tolerance of that behavior is shifting. Nerd cred? I am a spelling fanatic. I can't help but correct everyone's spelling and grammar at all times, and I have no control over the urge to do this. Who's your professional mentor? I have some great peers who I rely on heavily for guidance, input and support. I think of them as my personal board of directors. When I first started my career in health care, my boss at American Biodyne, Shannon Kennedy, was key to my ability to rise through the ranks. What question do you wish you got asked more often in interviews? "What do I do to ensure my daughter has a better go of it than those who came before her in the business world?" Rebecca Lynn, Canvas Ventures' general partner Rebecca Lynn, Canvas Biggest challenge with being a woman in venture? Getting asked all the time for names of women that male investors can hire, but almost never as investment partners. Nerd cred: Working at a nuclear research reactor in college. I even have a patent on a radio nuclei generator. Favorite female exec in any industry: Stephanie Tilenius, CEO of Canvas' portfolio company Vida Health (see below), or Judy Faulkner, because she owns so much equity in Epic, which is a multibillion dollar private company. Biggest success story: Lending Club (In December 2014, the company raised almost $900 million in the largest tech IPO of the year). The first thing you'd change about Silicon Valley if you had a magic wand: Silicon Valley is out of touch with middle America. I'd love it if we had a better understanding of the rest of the nation. Nina Kjellson, Canaan Partners general partner Canaan Partners Why aren't there more female health-tech investors? There are very few women investors. Period. We've done a poor job of exposing young women to venture capital as a career path and the industry, generally, has a reputation as the domain of entrepreneurial cowboys, engineers and C-suite execs. Biggest challenge with being a woman in venture? VC is more flexible than most careers, but it's still an intense juggle with career, family and community commitments. It always feels like something is falling short. What are you looking for from an investment standpoint? Exceptional founder(s) and teams with grit, big vision and a sense of deep passion and curiosity about the space they are innovating in. And areas of significant unmet need where the value to patients and the health care system is beyond incremental. What question do you wish you got asked more often? "What does your gut tell you?" Ann Lamont, Oak Investment Partners and Oak HC/FT managing partner Ann Lamont Why aren't there more female health-tech investors? If you told me 30 years ago that women would make such limited progress entering venture, I wouldn't have believed you. In hindsight, I think it's a virtual loop as partnerships tend to be smaller and hires are infrequent. Biggest challenge with being a woman in venture? The biggest challenge for women is getting into venture. I was fortunate to find my way in. I did what I had to do to get in and once I became a general partner, I can honestly say I rarely thought about being a woman in the industry. Most admired female exec in any industry? Ruth Porat, CFO of Alphabet , is amazing. Not only is she brilliant, but she is the hardest-working person I know. She has a true north, fantastic sense of humor and is an incredible mother with an amazing relationship with her boys. What question do you wish you got asked more often? "Who knew healthcare could be so complicated?" Jan Garfinkle, Arboretum Ventures managing director Jan Garfinkle Biggest challenge with being a woman in venture? Being one of the only woman in the board room, although that is getting better. On most of my boards there are two women! Nerd cred? Having a bioengineering degree from Berkeley, and working as an engineer for Procter and Gamble as my first job out of engineering school. What question do you wish you got asked more often in interviews? "How do you have a successful career while raising great kids?" What's first thing you'd change about Silicon Valley if you had a magic wand? I'm in Ann Arbor, and love investing in Midwest companies. Silicon Valley could learn to be more capital efficient. Wende Hutton, Canaan Partners general partner Canaan Partners Biggest challenge with being a woman in venture? The health care venture business is a challenge. And winning the right deals over the long-haul is more difficult with the unconscious bias that women face in the board room or in VC partnerships. Biggest portfolio success story? I am very proud of the investment in Labrys. We always cheer when a drug achieves impressive results in clinical trials and Labrys, now owned by (pharmaceutical giant) Teva, will bring substantial relief to patients with chronic migraines. The drug is expected to hit the market in the next 12 to 18 months. What question do you wish you got asked more often? I wish more entrepreneurs asked me, "How might we work well together to build a successful company?" What's first thing you'd change about Silicon Valley if you had a magic wand? Let's all join hands and migrate away from the "bro culture" and use the best and brightest minds in Silicon Valley to devise company cultures that embrace innovation, diversity and social responsibility. Stephanie Tilenius, angel investor and Vida Health CEO Stephanie Tilenius Nerd cred? I love reading clinical studies and papers about epigenetic mechanisms in cancer and mental health to understand the root causes of these diseases and the linkage to our genetics to develop preventive solutions. Most admired female exec in any industry? 23andMe CEO Anne Wojcicki for her early vision that consumers would want control of their data in healthcare. And for her persistence in pushing through hard times with the FDA, and evolving 23andMe to a digital health success story with multiple business lines. What question do you wish you got asked more often? "How should we reinvent healthcare from the bottom up and fundamentally change the industry so that consumers have choice, transparency and accountability like other industries?" The company you passed on that you regret the most? Investing in Airbnb at a $2 billion (valuation) when I was at Kleiner Perkins Caufield Byers. The numbers looked similar to eBay, except higher marketing costs. I had stayed in Airbnb homes and loved the experiences. (But) we couldn't convince the naysayers. Alexis Ji, Illumina Ventures' Partner Illumina Ventures

https://www.cnbc.com/2017/07/26/steve-cohen-needs-investments-to-launch-a-new-20-billion-hedge-fund.html

RVTY

Revvity

Would you invest with Steve Cohen?

Steve Cohen is planning to launch a $20 billion hedge fund — and many institutional investors are planning to steer clear of it. Cohen has been managing his own fortune at Point72 Asset Management, the family office he created in 2014 after his hedge fund firm, SAC Capital Advisors, pleaded guilty to insider-trading charges in the largest securities fraud case ever brought against a hedge fund. As part of the settlement, Cohen closed SAC and paid $1.8 billion in fines. In 2016, the Securities and Exchange Commission announced that Cohen would be barred from managing outside money until January 2018 to settle separate charges that he failed to supervise a former portfolio manager who had engaged in insider trading at SAC. Cohen himself was never charged with insider trading, and the brevity of his ban sparked immediate speculation about when, not if, he would open a hedge fund after the order expired — not least of all because SAC delivered astonishing annual returns of 29 percent for 21 years. Sure enough, a Wall Street Journal report in late May said Cohen is planning to launch a new hedge fund open to outsiders as early as next year. More from Institutional Investor: Private capital managers are charging higher fees Fund managers warn of European property bubble Carnegie CIO goes it alone Cohen may have to rely on a network of rich hedge fund managers and friends, as well as his own money, to get it off the ground, as institutional investors — including corporate and public pension funds, endowments, and foundations — are not likely to pony up money. Of course, Cohen may not need institutional money to reach $20 billion, which is more money than he oversaw at SAC, but he may miss the imprimatur that managing money for a nationally known pension fund or an Ivy League endowment can lend. A representative for Cohen declined to comment. Institutions won't necessarily stay away because they are skeptical of Cohen's ability to generate returns. Rather, they fear bad publicity. Even talking on the record about possibly investing in Cohen's hedge fund comes with some reputational risk. Almost all of the institutional investors interviewed for this story agreed to speak only on condition of anonymity. One chief investment officer of a corporate pension plan expects few, if any, pension plans to invest with Cohen. "I can't see anybody with a corporate plan doing something like this. Sooner or later, you have to report to the board," says the CIO. "There's infinite career risk for the CIO who tries to go down that path." The CIO of a large U.S. public pension fund says underfunded plans could clearly use Cohen's returns, but trustees wouldn't want to expose themselves to the potential bad press. "It's hard to justify the headline risk, which could suck up an enormous amount of time and emotional energy." Some industry watchers think sovereign wealth funds could be a big source of funds for Cohen, as many are not subject to the kinds of transparency requirements that pensions must adhere to. Endowments, too, could invest with Cohen, as they generally are more secretive about the underlying managers in their portfolios and have historically invested in asset classes and firms that are off the beaten path. At the same time, endowments are facing political and governance issues, such as calls for divestment from fossil fuels. "It wouldn't look great to get out of something like Exxon stock and then plow money into Cohen, whose former firm was the poster child for bad hedge fund behavior," notes one executive at an asset management firm. Others have reservations for more traditional reasons. An active manager with $20 billion is too big to be able to outperform in the current market environment, says Jim Dunn, CEO and CIO of Verger Capital Management, which manages money for endowments, including that of Wake Forest University. "There aren't that many good ideas out there," he explains. "It's going to be hard to put that money to work given how low rates are and given fund flows from passive managers that are driving everything up." Cohen has taken steps to make even his family office more institutional. He has invested in a range of businesses, including crowdsourced quantitative manager Quantopian; spent heavily on compliance for Point72; and brought in a new team with gold-plated pedigrees, including McKinsey executive Doug Haynes, Point72's president. Though Cohen's reputation may have been tarnished by his regulatory woes, his status as a hedge fund legend remains firmly intact. Even outside finance, the name Point72 evokes prestige. And even if institutional investors give Cohen's new fund a pass, there is one group of potential investors who may not be able to resist it. "He'll get big checks from hedge fund managers," says a former hedge fund executive. "It's their way to give a giant f– you to regulators."

https://www.cnbc.com/2015/04/01/this-startup-is-taking-a-hatchet-to-the-ceos-inbox.html

RVTY

Revvity

This startup is taking a hatchet to the CEO's inbox

The concept of Updatezen is as simple as its founder hopes it is to use: employees get 250-characters to provide an update on the projects they're working on to their manager. "We're disrupting the way status reporting is done today which is done with generic solutions like email, spreadsheets, text messages," Paul Ruderman, Updatezen founder and CEO told CNBC. Hoping to streamline the communication process between employees and executives, Ruderman started the company geared at smaller types of companies. "There are about two and a half million companies and organizations with under five hundred people, that's our target market."

https://www.cnbc.com/2014/12/31/ncaa-football-championship-the-brand-new-boon-to-college-football.html

RVTY

Revvity

Playoffs?! The big, new boon to college football

In establishing a national championship playoff, college football's power players did more than take a step to allay long-standing concerns about competitive fairness. They crafted a system with an extended window for marketing and advertising interest, boosting the sport's ability to rake in revenue, experts told CNBC. Blake Sims of the Alabama Crimson Tide Getty Images "It will be a wildly successful commercial entity, in part because it will be perceived as a better product than the BCS system that preceded it," Randy Grant, a Linfield College economics professor who studies college sports, said in an email. Four schools—Alabama, Florida State, Oregon and Ohio State—will compete for the national championship in the first-ever College Football Playoff, which starts with two semifinal games on New Year's Day, followed by a championship game on Jan. 12. Since 1998, college football's Bowl Championship Series (BCS) has sent only the two highest-ranked teams to the national championship game, while other elite teams were knocked from championship contention to lesser bowls. Read MoreBig biz of college bowl swag The playoff system effectively draws championship interest to three games instead of one. Playoff broadcaster ESPN and major college athletic conferences will likely enjoy a windfall tha t could potentially find a spot among America's most lucrative sports playoffs, experts said. "The 12 days and three games opens the marketing window and increases the payout for ESPN's 'sports holiday,'" Vanderbilt University sports economist John Vrooman said via email. Better than the BCS? More lucrative, at least Years of furor over the BCS system's perceived unfairness prompted its dismantling in favor of a playoff. The College Football Playoff doesn't eliminate existing BCS bowls, and it retains some aspects of the previous system, such as sponsored naming rights. In its inaugural year, the playoff will feature semifinalists in the Rose Bowl Game presented by Northwestern Mutual and the Allstate Sugar Bowl. Early indicators suggest that ESPN and athletic conferences will take in more cash than under the BCS, since the winners of those contests face off again about two weeks later. Read MoreFired NFL coaches, and what they cost per win "The new system should provide a boost," Grant said. "With the four-team playoff, there are now two more games that take on added significance." ESPN's estimated $610 million annual commitment ($7.3 billion over 12 years) to secure broadcast rights reflects its confidence in the playoff's commercial allure. The rate more than triples the annual fee the network paid for the last four years of the BCS, according to Vrooman. Sponsors sense the potential for increased exposure, as well. Fifteen national sponsors—ranging from automakers to banks and restaurant chains—have bought into the playoff, said Amy Phillips, senior director of communications at ESPN. Dr. Pepper , for example, paid an estimated $35 million to become a "championship partner" for the tournament, trumping buy-ins in the BCS era, which usually fell under $20 million, Vrooman said. Read More With the increased commercial interest, more money will trickle into large college athletic conferences than did under the BCS. The Atlantic Coast Conference, Big 12, Big Ten, Pac 12 and Southeastern Conference—collectively known as the "Power Five"—will increase their haul this year. If those conferences meet NCAA academic standards, they will split a base sum of about $50 million, plus bonuses for teams that participate in playoff games, according to data from the College Football Playoff. Under the BCS, the base share before bonuses totaled about $28 million. Though the playoff will make more money available, the appropriation system favors the "Power Five" conferences over the remaining five Football Bowl Subdivision conferences, Vrooman said. The remaining conferences, which work with roughly a fifth of the budget enjoyed by the largest programs, did not see a significant boost in revenue from the playoff system, he added. "The major differences in revenue-sharing between the Power Five and [the remaining conferences] could adversely affect the balance between the top and bottom of current FBS football programs," Vrooman said. Representatives from the College Football Playoff did not respond to CNBC's requests for comment on the playoff. Most profitable college tournament? The College Football Playoff "competes very well" with major professional and college sports as a commercial event, said Jim Andrews, senior vice president of IEG, a sponsorship and marketing consulting firm. Stretching the national championship over a longer period increases its haul, making it more competitive with other sports, he said. "I'm not sure if we'll get to Super Bowl standards, but it will be similar to March Madness," Andrews said. "March Madness," the nearly month-long college basketball tournament, gains more revenue because of its extended schedule. But recently, college football has maintained a notable viewership edge over basketball. A viewership advantage has not translated to an ad revenue advantage, though. Ad rates for the College Football Playoff are hitting an estimated $1 million for 30 seconds, compared to $1.5 million for the same time slot in basketball, Vrooman said. But the level of interest—from fans, advertisers and broadcasters—could increase as football's playoff establishes itself. College football's power players stand to make even more money if the tournament expands to eight teams and seven games in the future, Vrooman said. Read MoreA sports league that's unprofitable—but hopeful Currently, ESPN's annual broadcast rights payment trails the $771 million annual sum CBS and Turner Broadcasting pay for March Madness. Football's revenue potential will continue to grow in the "explosive climate" for live sports rights, Vrooman said. Annual TV rights fees for the four major American sports surged 61 to 400 percent from their previous to current deals, all of which stretch past 2020, according to Vrooman.

https://www.cnbc.com/2014/09/23/15-investments-to-avoid.html

RVTY

Revvity

15 investments to avoid

We typically recommend that our clients own a portfolio containing all or most of the 18 major asset classes and market sectors, featuring 6,000 or more securities from as many as 40 countries. Read MoreGen X needs financial help This means a global mix of stocks, bonds, commodities, real estate, foreign securities, natural resources and precious metals—all with the right proportion of each based on the client's particular situation. We then recommend that the client maintain this portfolio for years—even decades—instead of frequently buying and selling based on the latest news headlines. This holds true even for those who are already retired, because if they're healthy, they can expect to live decades longer.

https://www.cnbc.com/id/47549803

RVTY

Revvity

SBA Head Looks Beyond Loans to Help Small Business

The SBA has grown significantly under Mills. It had shrunk under the Bush administration, with its work force falling to 2,000 employees from 2,800. There are now 3,000 employees under Mills. In January, the SBA regained its status as a Cabinet-level agencythat it lost during the Bush years. Mills spoke with The Associated Press recently. Here are excerpts, edited for brevity and clarity. What does the SBA see as the greatest challenges that small business owners face? Over the past several years, the greatest challenge that small business owners faced was access to capital. Because in October 2008, credit markets froze and small businesses rely on banks for credit and the banks were not lending, particularly to small businesses. At the Small Business Administration, we run a guarantee program in which we have a $90 billion portfolio of guaranteed loans. So we're one of the most important actors in giving access to capital to small businesses when the market is not functioning. And we were able to step into the market with enhanced loan guarantees. In the (American) Recovery (and Reinvestment) Act (of 2009), we raised our loan guarantees to 90 percent (of the amount of money borrowed, up from 75 percent to 85 percent) and we reduced or eliminated or the fees. Our (loan) volumes went up and the last fiscal year, we had a record year. We did $30 billion worth of loan guarantees and that is $30 billion into the hands of small businesses. So, we are now back at above 2008 levels at the SBA in terms of loan volume. But loans are not the only thing that small businesses need. It turns out, if you give them the money without also some other tools, it is not as effective. So, a second critical aspect of what we do that small businesses benefit from is mentoring, advice and counseling. And we have data that shows that if you are small business who has a long-term counselor, you get better sales, you get more longevity, you hire more people. We have a network across this country of small business counselors. We have over 800 Small Business Development Centers. We have 12,000 SCORE volunteers that provide one on one counseling and advice. We have 110 women's business centers and if you go on www.sba.gov and you put in your zip code, you will get the names and phone numbers and e-mails of our resource partners around the country who can provide this help and counseling. And the best news for small businesses is that it's free. Do small business owners know what SBA offers? How do you get them to learn about your services? One of our important focuses is outreach because small business owners are very busy and they may or may not know about resources that are in their vicinity and free that they can take advantage of. So we spend an enormous amount of time doing things like going out in social media, working with our revised website, which has now quite a sharp improvement, increase in reach. We are one of the most vibrant government websites in terms of activity because small businesses have now discovered it. And we over the last several years have completely redone the website. So now it's much easier to navigate. We're on a track to take that even to the next level and incorporate small business information from all federal agencies in one place, in business.usa.gov. Small businesses like a dry cleaner on Main Street have very different needs than a high-growth entrepreneurial company that aspires to double and triple (their revenue). We have help for mainstream small businesses -- whether they need an equipment loan to expand or buy the building next door or whether they need advice and counseling. And we have different kinds of capital and advice and mentoring for our high-growth entrepreneurs. We're still hearing that many banks are wary about lending to small businesses? What is your sense of the lending climate? In the last several years, we've brought over a thousand community banks back to SBA lending who had not made a loan since 2007. In addition, this year we went back to our bigger banks, our 13 largest lenders and each of them has stepped up and committed a total of $20 billion in incremental small business lending over the next three years. So we have increased activity from both community banks and our larger banks because they realize that the pendulum swung too far and they are refocusing on getting capital into the hands of small businesses. Our largest two banks are JPMorgan and Wells Fargo and they are participating as well as USBancorp , Sovereign Bank, Key Bank , Bank of America , PNC , M&T , Huntington . What advice do you have for an owner who's having a hard time getting a loan?

https://www.cnbc.com/id/48195352

RVTY

Revvity

Latest Word on the Trail? I Take It Back

They are sent by e-mail from the Obama headquarters in Chicago to reporters who have interviewed campaign officials under one major condition: the press office has veto power over what statements can be quoted and attributed by name. Most reporters, desperate to pick the brains of the president’s top strategists, grudgingly agree. After the interviews, they review their notes, check their tape recorders and send in the juiciest sound bites for review. The verdict from the campaign — an operation that prides itself on staying consistently on script — is often no,Barack Obama does not approve this message. The push and pull over what is on the record is one of journalism’s perennial battles. But those negotiations typically took place case by case, free from the red pens of press minders. Now, with a millisecond Twitter news cycle and an unforgiving, gaffe-obsessed media culture, politicians and their advisers are routinely demanding that reporters allow them final editing power over any published quotations. Quote approval is standard practice for the Obama campaign, used by many top strategists and almost all midlevel aides in Chicago and at the White House — almost anyone other than spokesmen who are paid to be quoted. (And sometimes it applies even to them.) It is also commonplace throughout Washington and on the campaign trail. The Romney campaign insists that journalists interviewing any of Mitt Romney’s five sons agree to use only quotations that are approved by the press office. And Romney advisers almost always require that reporters ask them for the green light on anything from a conversation that they would like to include in an article. From Capitol Hill to the Treasury Department, interviews granted only with quote approval have become the default position. Those officials who dare to speak out of school, but fearful of making the slightest off-message remark, shroud even the most innocuous and anodyne quotations in anonymity by insisting they be referred to as a “top Democrat” or a “Republican strategist.” It is a double-edged sword for journalists, who are getting the on-the-record quotes they have long asked for, but losing much of the spontaneity and authenticity in their interviews. Jim Messina, the Obama campaign manager, can be foul-mouthed. But readers would not know it because he deletes the curse words before approving his quotes. Brevity is not a strong suit of David Plouffe, a senior White House adviser. So he tightens up his sentences before giving them the O.K. Stuart Stevens, the senior Romney strategist, is fond of disparaging political opponents by quoting authors like Walt Whitman and referring to historical figures like H. R. Haldeman, Richard Nixon’s chief of staff. But such clever lines later rarely make it past Mr. Stevens. Many journalists spoke about the editing only if granted anonymity, an irony that did not escape them. No one said the editing altered the meaning of a quote. The changes were almost always small and seemingly unnecessary, they said.

https://www.cnbc.com/2012/05/16/Athlete-Tech-Investors.html

RVTY

Revvity

Athlete Tech Investors

Athlete Tech Investors The career of a professional athlete on the field doesn’t last forever. The shrewd ones know that, and for those who want their money to work for them beyond age 40, having a solid plan B is of paramount importance. So they start thinking about ways to invest their money wisely to make it last a lifetime.Often, athletes will put their money back into sports. After hanging up his jersey, Michael Jordan invested his money in the Charlotte Bobcats basketball team, and although LeBron James is still Getty Images The career of a professional athlete on the field doesn’t last forever. The shrewd ones know that, and for those who want their money to work for them beyond age 40, having a solid plan B is of paramount importance. So they start thinking about ways to invest their money wisely to make it last a lifetime. Often, athletes will put their money back into sports. After hanging up his jersey, Michael Jordan invested his money in the Charlotte Bobcats basketball team, and although LeBron James is still very much an active part of the Miami Heat, he’s already become a minority stakeholder in the Premier League football club Liverpool F.C. Some athletes, however, have invested their money in endeavors that have nothing to do with sports. By now, most people have gotten the memo that there’s money to be made in technology, so some athletes have chosen the tech sector as the place to invest in. Read ahead to see the athletes who have chosen the tech sector as their next arena of competition. By Daniel Bukszpan Posted 16 May 2012 Steve Nash Steve Nash plays for the National Basketball Association’s Phoenix Suns. In 2010 he joined forces with Michael Duda, a 12-year veteran on the Deutsch Inc. advertising firm, to found Consigliere, a company that invests in startups.Among are such online retailers as Birchbox, Chloe + Isabel and Kiwi Crate. It has also invested in Stella Service, a customer review aggregator for online retailers. Getty Images Steve Nash plays for the National Basketball Association’s Phoenix Suns. In 2010 he joined forces with Michael Duda, a 12-year veteran on the Deutsch Inc. advertising firm, to found Consigliere, a company that invests in startups. Among the companies in which it has invested are such online retailers as Birchbox, Chloe + Isabel and Kiwi Crate. It has also invested in Stella Service, a customer review aggregator for online retailers. Magic Johnson Earvin “Magic” Johnson may have retired from professional sports over 20 years ago, but he’s never left the spotlight. He heads Magic Johnson Enterprises, a multimillion-dollar company with subsidiaries in the entertainment industry. In 2012, he joined an ownership group that bought the Los Angeles Dodgers from former owner Frank McCourt for In 2011, Johnson teamed up with a venture capital firm that backs “seed and early-stage technology companies who have a purpose.” One such tech company is S Getty Images Earvin “Magic” Johnson may have retired from professional sports over 20 years ago, but he’s never left the spotlight. He heads Magic Johnson Enterprises, a multimillion-dollar company with subsidiaries in the entertainment industry. In 2012, he joined an ownership group that bought the Los Angeles Dodgers from former owner Frank McCourt for $2 billion. In 2011, Johnson teamed up with Detroit Venture Partners, a venture capital firm that backs “seed and early-stage technology companies who have a purpose.” One such tech company is Sociocast, which helps companies target advertising on the web and on mobile devices. Lance Armstrong Cyclist and seven-time Tour de France champion Lance Armstrong retired from professional sports in 2011, but he has no plans to spend his retirement cultivating a beer gut on a La-Z-Boy recliner.He continues to be a tireless advocate for cancer research, and in January, he became the newest investor in Mobli, the company’s publicist said by e-mail. Mobli is a photo- and video-sharing social media platform. The sum he invested in the startup is undisclosed. Gary Miller | FilmMagic | Getty Images Cyclist and seven-time Tour de France champion Lance Armstrong retired from professional sports in 2011, but he has no plans to spend his retirement cultivating a beer gut on a La-Z-Boy recliner. He continues to be a tireless advocate for cancer research, and in January, he became the newest investor in Mobli, the company’s publicist said by e-mail. Mobli is a photo- and video-sharing social media platform. The sum he invested in the startup is undisclosed. Ronnie Lott, Harris Barton and Joe Montana Harris Barton, Ronnie Lott and Joe Montana were members of the San Francisco 49ers football team. After leaving the gridiron, they formed HRJ Capital, an investment firm that took its name from their first initials, in 1999.The company invested in a wide range of investments, but one that was probably closest to the hearts of HRJ’s partners was which created online fantasy football games. The venture capital firm, which Montana left in 2005, struggled to stay afloat, and four years later, the Sw Getty Images Harris Barton, Ronnie Lott and Joe Montana were members of the San Francisco 49ers football team. After leaving the gridiron, they formed HRJ Capital, an investment firm that took its name from their first initials, in 1999. The company invested in a wide range of investments, but one that was probably closest to the hearts of HRJ’s partners was YOUbeQB, which created online fantasy football games. The venture capital firm, which Montana left in 2005, struggled to stay afloat, and four years later, the Swiss firm Capital Dynamics AG took over management of HRJ Capital’s accounts. Baron Davis Baron Davis is a member of the New York Knicks, but his tenure with the NBA team has been remarkable mainly for its brevity. He made his team debut on February 20, 2012, and in a May 6 game against the Miami Heat, he suffered a knee injury that is likely to keep him off the court Luckily for Davis, he has other interests to keep him busy while his knee heals. He is an investor and co-founder of ibeatyou.com, a website where users can compete in such as karaoke, cutest dog competitions and celebr Jim McIsaac | Getty Images Baron Davis is a member of the New York Knicks, but his tenure with the NBA team has been remarkable mainly for its brevity. He made his team debut on February 20, 2012, and in a May 6 game against the Miami Heat, he suffered a knee injury that is likely to keep him off the court for a year. Luckily for Davis, he has other interests to keep him busy while his knee heals. He is an investor and co-founder of ibeatyou.com, a website where users can compete in such rigorous disciplines as karaoke, cutest dog competitions and celebrity lookalike contests. Gale Sayers Gale Sayers played for the Chicago Bears during the 1960s and 1970s. His friendship with the late Brian Piccolo served as the inspiration for the 1971 three-hankie tearjerker “Brian’s Song.” He ended his professional football career in 1971.Rather than simply invest in someone else’s tech company, he started his own and named it Sayers. According to the company’s website, “an industry-leading IT services and solution provider, offering the latest and most sophisticated technologies.” Focus on Sport | Getty Images Gale Sayers played for the Chicago Bears during the 1960s and 1970s. His friendship with the late Brian Piccolo served as the inspiration for the 1971 movie “Brian’s Song.” He ended his professional football career in 1971. Rather than simply invest in someone else’s tech company, he started his own and named it Sayers. According to the company’s website, Sayers is “an industry-leading IT services and solution provider, offering the latest and most sophisticated technologies.” Courtney Hall Courtney Hall is a former member of the San Diego Chargers. He retired from the NFL in 1999, but rather than rest on his laurels he earned an MBA and a law degree at University of Chicago. Getty Images

https://www.cnbc.com/2015/06/11/twitter-is-changing-how-users-chat-privately.html

RVTY

Revvity

Twitter is changing how users chat privately

Twitter is full of changes this week. On Thursday, shortly before announcing Dick Costolo would be stepping down from his role as CEO of the company, Twitter announced that it is removing the 140-character limit from Direct Messages set to launch in July. "You may be wondering what this means for the public side of Twitter. Nothing! Tweets will continue to be the 140 characters they are today," Twitter stated in its announcement. While the future of the platform's feed seems to be secure, this shift brings up the possibility for more changes in messaging. As many social media users remember, Facebook had messaging integrated into their official mobile app before turning it into an app of its own. Facebook Messenger currently has 700 million users, the company says. This big move by Twitter could be an indication that a separate application may be in the company's future. But for now, Twitter users can bask in the moment of what will feel like a limitless in-application messaging capability. While many users understand and embrace the brevity of individual tweets, they seem to be excited about the lack of character limit coming soon to direct messages. Here's what some users are saying about the company's decision to change the 140-character rule for direct messaging: tweet 1 tweet 2 tweet 3 tweet 4 tweet 5

https://www.cnbc.com/id/43247404

RHI

Robert Half

Hong Kongers Hooked on Work

The top reason cited by employees pulling in extra time — according to over 1,600 human resource and finance professionals surveyed across Singapore, Hong Kong, Australia and New Zealand — was the need by to be available in case of an emergency at work. But Singaporeans’ dedication to work may not be paying off, literally. The findings revealed that 39 percent of Singapore employers gave no overtime payment for additional hours worked, which is slightly higher than the regional average of 33 percent. “In light of the tight labor market… organizations would do well to promote good work-life balance practices and provide competitive remuneration that commensurate with their employees’ contributions,” said Tim Hird, MD of Robert Half Singapore and Japan. While some employers are putting pressure on their staff to log-on when they’re on holiday, technological advances have many employees choosing to clear work while they are away, to reduce their workload when they get back to the office. “Mobile technology has created a culture where employees are always connected to work, and many find it difficult to strike a balance,” said Andrew Brushfield, Director at Robert Half. However, the attachment to work may not necessarily stem from the staff’s desire to work. Robert Half found that 97 percent of Hong Kong employers expect staff to be contactable while on annual leave or when out of the office. Singapore comes in second at 96 percent. On the other end of the spectrum is New Zealand, where only 6 percent of employers claim they expect employees to constantly be available. Robert Half says employers need to carve out a balance, to ensure a more productive workforce. “Employers need to make sure that their employees get a proper holiday so that they come back to work refreshed and don’t burn out. Employers can do this by arranging proper hand overs when staff go on holiday, and limiting calls and emails to the person on leave,” Brushfield advised.

https://www.cnbc.com/2023/07/10/home-prices-hit-new-highs-driven-by-tighter-supply.html

RHI

Robert Half

Home prices are hitting new highs again, as high rates put the squeeze on supply

Prices began dropping last summer, after the average interest rate on the 30-year fixed-rate mortgage more than doubled in just six months. They continued to fall until January, when buyer demand returned but came up against very tight supply . Buyers may have simply gotten used to higher rates. "Though the backward-looking annual growth rate dipped to 0.1%, May's exceptionally strong +0.7% month-over-month gain would equate to an annualized growth rate of 8.9%, suggesting the annual home price growth rate would remain at or near 0% for only a short time before inflecting and trending sharply higher in coming months," Walden added. "There is no doubt that the housing market has reignited from a home price perspective," said Andy Walden, vice president of enterprise research at Black Knight. The sharp jump in mortgage interest rates last year threw cold water on an overheated housing market, but it didn't last long. Even with rates still high, home prices are now gaining again, and the gains are accelerating with each new month. Prices, which have been rising since January, were 0.1% higher in May than a year earlier. "Earlier this year I shared that I believed 6% mortgage rates were accepted as the new normal. I think now we're in an environment where 7% mortgage rates are now the new normal, and people are accepting it," Robert Reffkin, CEO of Compass Real Estate said last week on CNBC's "Squawk on the Street." By May, just over half of the nation's 50 largest housing markets, mostly in the Midwest and Northeast, had either returned to their prior price peaks or set new highs. Home prices are still weaker in the West and in many of the cities deemed pandemic "boom towns," which had an influx of remote workers finding new homes during the earlier days of Covid. But those prices are starting to firm up. Homes in San Jose, California, lost 10% of their value last year, but inventory is starting to fall again, and prices there are now reheating. They rose 1.4% in May, the second largest month-to-month increase of any market on a seasonally adjusted basis. San Diego, Los Angeles, San Francisco and Seattle also saw price growth in May, as well. The one exception is Austin, Texas, one of the biggest pandemic boom towns. "Inventory there continues to run above pre-pandemic levels, putting downward pressure on prices, which have fallen to -13.8% below peak, the largest gap of any market. Just eight of the top 50 markets are currently more than 5% below their 2022 peaks," Walden said. In general, though, supply is declining again. New listings are down about 25% from a year ago, as homeowners with sub-4% mortgage rates are reluctant to sell their homes and potentially pay a much higher interest rate on another home. Total inventory is now about half of what it was just before the pandemic, which caused a massive housing boom. Sales of pre-owned homes are still much weaker than they were a year ago, but that has less to do with higher costs and more to do with less supply. The median price of a pre-owned home in May was $396,100, according to the National Association of Realtors. Redfin, a real estate brokerage, reported last week that the average home is now selling just above its list price for the first time in nearly a year. Bidding wars are clearly coming back, even if affordability is taking a hit. As of June 22, with 30-year rates at 6.67%, it required $2,258 per month in principal and interest to make the monthly payment on a median-priced home with 20% down and a 30-year mortgage, according to Black Knight. That is the highest such payment on record, marginally higher than the $2,234 required back in October.

https://www.cnbc.com/2016/02/01/575-billion-of-advice-from-prudentials-global-bond-head.html

RHI

Robert Half

Half a trillion of bond advice

Global markets trimmed losses Monday afternoon, as stocks and oil dropped on the heels of weak manufacturing reports around the world. Read MoreFed's Fischer: Global concerns growing, unsure of next move Amid the global uncertainty and volatility, investors dumped riskier assets like stocks, in favor of safe haven assets, including Treasurys. Treasury yields held higher mid-afternoon, with the 2-year yield at 0.81 percent and the 10-year yield at 1.94 percent. Addressing Fed policy and its impact on the markets, Robert Tipp, chief investment strategist, senior portfolio manager and head of global bonds at Prudential Fixed Income, said case for global bonds remains "selectively" persuasive. "The Federal Reserve certainly tried to "thread the needle" at last week's meeting," he said. "They want to raise rates, but realized they don't have to do it right away. Expect them to move much more deliberately and slowly, going forward, so they don't spook the markets." Tipp urged Investors to take a long and strategic approach right now. "They need to recognize we are late in the cycle, so bonds will more likely earn yields with less volatility than riskier equities right now," Tipp said. Read MoreFed policy front and center Against this backdrop, Tipp favors investment grade, hard currency emerging markets debt and higher quality high yield. Tipp also said European peripherals and selected financials look attractive, but only when risk markets settle down a bit. Among the funds Tipp manages is the Prudential Global Total Return Fund, which holds a four star rating from Morningstar and a five year return of +3.51 percent. Prudential Fixed Income is among the world's largest global fixed income managers, with $575 billion in assets under management as of December 31, 2015. It is a division of PGIM, the global investment management business of Prudential Financial .

https://www.cnbc.com/2023/10/31/markets-are-on-board-with-the-feds-higher-for-longer-policy-cnbc-survey-shows.html

RHI

Robert Half

Markets are on board with the Fed's ‘higher for longer’ policy, CNBC survey shows

watch now While respondents to the CNBC Fed Survey expect no additional rate hikes from the Federal Reserve, they have fully embraced its "higher-for-longer" mantra to the point where no rate cuts are expected until the third quarter of 2024. The 31 respondents, including economists, strategists and analysts, believe the Fed is now on hold into September of next year, when 57% expect a rate cut. As recently as the summer, respondents had forecast rate cuts in the beginning of next year. "I believe (Fed Chair Jerome) Powell & Co. can now be patient, sit back and see how all the tightening that has already taken place on the short end and recently on the long end plays out," Peter Boockvar, chief investment officer for Bleakley Financial Group, wrote in response to the survey. "And it will play out as higher rates continue to squeeze more and more households." The change can also be seen in the outlook for the fed funds rate, the central bank's benchmark for short-term lending costs. It's now forecast on average to end 2024 at 4.6%, assuming about 75 basis points of rate cuts. In June, the year-end 2024 funds rate was forecast at 3.8%, which assumed 125 basis points of cuts. A basis point equals 0.01%. Zoom In Icon Arrows pointing outwards CNBC Fed Survey The outlook for a more hawkish Fed comes with roughly equal probabilities for a recession and a soft landing. Respondents on average see a 49% probability of a recession in the next 12 months and a 42% probability of a soft landing. While they have driven up their 2023 GDP forecast from under 1% in June to 2.4% now, they have slashed the outlook for growth roughly in half for 2024 to 0.73%. "The Fed is too focused on a soft landing and has relegated hitting its target on inflation to a distant 'eventually,'" wrote Robert Brusca, chief economist at Fact and Opinion Economics. He calls for the Fed to push harder now to bring down inflation and boost unemployment. The consumer price index, currently running at 3.7% year over year, is seen declining to 2.9% next year and around 2.6% in 2025, which is to say the Fed will not hits its 2% target for several years, even accounting for the CPI running above the Fed's preferred personal consumption expenditures price index inflation indicator. Some 60% of respondents see the Fed hitting its inflation target in 2025 or sometime after that, and 19% don't believe the Fed will ever get there. The unemployment rate is forecast to go up from the current level of 3.8% to 4.5% next year. Troy Ludtka, senior U.S. economist at SMBC Nikko Securities Americas, said high Treasury yields and rising global tensions "raise the probability of a stagflationary outcome. … We are paying close attention to the recent rise in credit card and auto loan delinquencies. In these areas, consumers appear to be overextended."

https://www.cnbc.com/2023/02/11/how-to-be-a-virtual-assistant.html

RHI

Robert Half

Virtual assisting is a side hustle that can pay as much as $100 an hour—here’s how to get started

Side hustles have long been a favorite American way to make extra cash. Now, Gen Z is getting in on the action. Two thirds, 59% of Gen Zers say they currently have a side hustle, according to a May 2022 Zapier survey of 2,032 adults. On average, they spend 10.5 hours per week on their hustles. If you're one among this younger generation and are considering picking up a hustle yourself, there is no end to the opportunities of what you can do. You could try some affiliate marketing on your social media channels, for example, deliver food or do some secret shopping. Another side hustle to consider is virtual assisting, which encompasses a wide variety of activities. "Whatever your core skills are, you can get paid to assist someone virtually in those skills," says Jen Glantz, founder of Bridesmaid for Hire and the creator of the Monday Pick-Me-Up and Odd Jobs newsletter. Here's what virtual assisting covers, how much you stand to make and where you can find gigs.

https://www.cnbc.com/2023/10/17/top-economists-unanimous-on-higher-for-longer-rates-as-inflation-threats-linger.html

RHI

Robert Half

Top economists unanimous on 'higher for longer' rates as inflation threats linger

Pedestrians walk past a billboard announcing the World Bank Group and International Monetary Fund annual meetings, on the side of the International Monetary Fund headquarters in Washington DC on October 5, 2023. Mandel Ngan | Afp | Getty Images Top economists and central bankers appear to be in agreement on one thing: interest rates will stay higher for longer, clouding the outlook for global markets. Central banks around the world have hiked interest rates aggressively over the past 18 months or so in a bid to rein in soaring inflation, with varying degrees of success thus far. Before pausing its hiking cycle in September, the U.S. Federal Reserve had lifted its main policy rate from a target range of 0.25-0.5% in March 2022 to 5.25-5.5% in July 2023. Despite the pause, Fed officials have signaled that rates may have to remain higher for longer than markets had initially expected if inflation is to sustainably return to the central bank's 2% target. This was echoed by World Bank President Ajay Banga, who told a news conference at the IMF-World Bank meetings last week that rates will likely stay higher for longer and complicate the investment landscape for companies and central banks around the world, especially in light of the ongoing geopolitical tensions. U.S. inflation has retreated significantly from its June 2022 peak of 9.1% year-on-year, but still came in above expectations in September at 3.7%, according to a Labor Department report last week. "For sure, we're going to see rates higher for longer and we saw the inflation print out of the U.S. recently which was disappointing if you were hoping for rates to go down," Greg Guyett, CEO of global banking and markets at HSBC , told CNBC on the sidelines of the IMF meetings in Marrakech, Morocco last week. watch now He added that concerns around persistently higher borrowing costs were resulting in a "very quiet deal environment" with weak capital issuance and recent IPOs, such as Birkenstock , struggling to find bidders. "I will say that the strategic dialog has picked up quite actively because I think companies are looking for growth and they see synergies as a way to get that, but I think it will be a while before people start pulling the trigger given financing costs," Guyett added. The European Central Bank last month issued a 10th consecutive interest rate hike to take its main deposit facility to a record 4% despite signs of a weakening euro zone economy. However, it signaled that further hikes may be off the table for now. Several central bank governors and members of the ECB's Governing Council told CNBC last week that while a November rate increase may be unlikely, the door has to remain open to hikes in the future given persistent inflationary pressures and the potential for new shocks. watch now Croatian National Bank Governor Boris Vujčić said the suggestion that rates will remain higher for longer is not new, but that markets in both the U.S. and Europe have been slow in repricing to accommodate it. "We cannot expect rates to come down before we are firmly convinced that the inflation rate is on the way down to our medium-term target which will not happen very soon," Vujčić told CNBC in Marrakech. Euro zone inflation fell to 4.3% in September, its lowest level since October 2021, and Vujčić said the decline is expected to continue as base effects, monetary policy tightening and a stagnating economy continue to feed through into the figures. "However at some point when inflation reaches a level, I would guess somewhere close to 3, 3.5%, there is an uncertainty whether, given the strength of the labor market and the wage pressures, we will have a further convergence with our medium-term target in a way that it has been projected at the moment," he added. "If that does not happen then there is a risk that we would have to do more." watch now This caution was echoed by Bank of Latvia Governor and fellow Governing Council member Mārtiņš Kazāks, who said he was happy for interest rates to stay at their current level but could not "close the door" to further increases for two reasons. "One is of course the labor market — we still haven't seen the wage growth peaking — but the other one of course is geopolitics," he told CNBC's Joumanna Bercetche and Silvia Amaro at the IMF meetings. "We may have more shocks that may drive inflation up, and that's why of course we have to remain very cautious about inflation developments." watch now He added that monetary policy is entering a new "higher for longer" phase of the cycle, which will likely carry through to ensure the ECB can return inflation solidly to 2% in the second half of 2025. Also at the more hawkish end of the Governing Council, Austrian National Bank Governor Robert Holzmann suggested that the risks to the current inflation trajectory were still tilted to the upside, pointing to the eruption of the Israel-Hamas war and other possible disturbances that could send oil prices higher. "If additional shocks come and if the information we have proves to be incorrect, we may have to hike another time or perhaps two times," he said. watch now

https://www.cnbc.com/2023/06/15/goldman-names-3-stocks-to-buy-because-of-generative-ai.html

RHI

Robert Half

Goldman names three stocks to buy in the information services sector because of generative A.I.

Goldman Sachs recommended buying three information services stocks that should be helped by artificial intelligence. Analyst George Tong scored how business and information services companies can deploy generative AI and analyzed the revenue impacts from the technology on these businesses. With that framework in mind, he recommended buying S & P Global , CoStar and Gartner , giving investors another group of stocks with AI exposure to consider as growing market excitement boosts stocks with ties to the technology. "We believe generative AI will have a profound and varied impact on the Business & Information Services sector over the medium-to-longer term," he said in a note Wednesday to clients. SPGI IT,CSGP YTD mountain Tong's three buys so far this year S & P Global could need fewer workers due to AI, Tong said, given that companies focused on data and report writing stand to save the most in labor costs with the technology deployed to do some jobs previously done by humans. He said it's also one of the service-sector stocks that can benefit most from the automation of business communications . And S & P Global's AI research lab Kensho, which has been creating machine learning technology for the company since it was acquired in 2018, gives the company a "competitive advantage," he said. S & P Global has outperformed the broader market this year with a 17.8% gain. Every analyst on Wall Street with a rating on the stock has given it a buy, according to Refinitiv. Tong said IT stock Gartner should also be a top beneficiary of AI-related labor savings given the company's focus on data and writing. AI should also be useful in creating more research content, he said. At the same time, Tong said, demand for AI-related research should only grow, which should provide a boost to the company's technology research arm. Gartner is also up year to date but has underperformed the broader market at just 5.2% higher. Half of analysts rate the stock a buy, while the other half have hold ratings, according to Refinitiv. Real estate stock CoStar has some protections from the threats of generative AI due to the ownership of its assets, Tong said, with data generated in house. But AI should be able to help increase functionality in CoStar's suite of products and make the online market more user-friendly through features such as improved search functions and a chatbot. CoStar shares have also underperformed the broader market in 2023, up 6% this year. The majority of analysts rate the stock a buy, per Refinitiv. On the other hand, Tong said he would sell Robert Half and H & R Block . — CNBC's Michael Bloom contributed to this report.

https://www.cnbc.com/2023/01/04/the-jobs-people-are-most-likely-to-quit-in-2023-according-to-payscale.html

RHI

Robert Half

The 10 jobs people are most likely to quit in 2023, according to new research

As people set resolutions for 2023, there's one goal at the top of many lists: quitting an unfulfilling job. Nearly half (46%) of U.S. workers plan to look for a new job in the next six months, citing low pay as their No. 1 reason for eyeing greener pastures. That's according to a new report from human resource consulting firm Robert Half, which surveyed 2,500 professionals between October and November 2022. Gen Zers, working parents and employees who have been with their company for less than five years are the most likely to switch jobs in early 2023, the report found. But which jobs will see the highest quit rates this year? People in customer service, human resources and technology roles are most likely to resign soon, according to a new report from Payscale. Here are the top 10 jobs people appear most likely to quit in the near future, per Payscale's research:

https://www.cnbc.com/2023/02/28/biden-student-loan-case-argued-at-supreme-court.html

RHI

Robert Half

Supreme Court questions if Biden plan for student loan relief is legal

People rally in support of the Biden administration's student debt relief plan in front of the the U.S. Supreme Court on February 28, 2023 in Washington, DC. Under that doctrine, the Supreme Court has said previously that Congress must approve a federal agency's action on an issue of major national significance. A liberal justice, Sonia Sotomayor, echoed that, asking Prelogar how she would deal with "the amount at issue," which plaintiffs argue triggers the so-called major questions doctrine . "I think most casual observers would say if you're going to give up that amount of money ... then Congress should" have to approve that, Roberts later said. "You think because there's a provision to allow waiver when your school closes, that because of that Congress shouldn't have been surprised when half a trillion dollars gets wiped off the books?" asked Roberts, who is part of the court's conservative six-justice supermajority. Early in the hearing, Chief Justice John Roberts questioned Solicitor General Elizabeth Prelogar , who argued for the administration, about the plaintiffs' claims Congress needed to first approve the debt relief before it was set in motion. Experts have said they expect the high court to overturn the plan if it finds there is standing, because of the presence of six conservatives on the bench. But the plan has been blocked from taking effect since the fall due to a federal appeals court injunction after arguments about whether plaintiffs in both cases even had met the legal threshold, known as standing, of showing they would be harmed by the program. President Joe Biden unveiled the plan, which would wipe out up to $20,000 in loans for certain borrowers, last year, citing the Covid-19 pandemic emergency as justification. The Supreme Court heard oral arguments Tuesday on two cases challenging the Biden administration's plan to forgive without congressional action an estimated $400 billion or more in federal student loan debt for tens of millions of Americans. "Death to student debt" and "Student debt cancellation is legal" read signs carried by the demonstrators. The plan has proved popular with borrowers around the United States, some of whom traveled to Washington, D.C., to demonstrate outside the court before the arguments began. The Biden administration used the public health emergency from the Covid pandemic as the basis for the program. The Heroes Act is a product of the 9/11 terrorist attacks and an earlier version of it provided relief to federal student loan borrowers affected by the attacks . Prelogar argued that the debt relief is allowed under the Heroes Act of 2003, which empowers the secretary of Education to alleviate the hardship that federal student loan recipients could suffer due to national emergencies. Prelogar answered that the amount of money at stake "can't be the sole measure triggering the major questions doctrine." A sign calling for student loan debt relief is seen outside the U.S. Supreme Court in Washington, D.C., on Feb. 28, 2023. Nebraska Solicitor General Jim Campbell, who argued on behalf of Republican attorneys general for six states challenging the plan, told the justices that "never before has the Heroes Act been used to forgive a single loan." Campbell said that Education Secretary Miguel Cardona's use of the act to alleviate student loan debt was "breathtaking." "He needs clear congressional authorization for such power, which he doesn't have because the Heroes Act does not authorize this program," Campbell said. "This court should declare this program unlawful." "This is a program that affects 95% of borrowers regardless of how they were affected by the pandemic," he said. But Justice Elena Kagan told Campbell that the text of the Heroes Act — which Congress voted to approve — gave the Education secretary expansive authority to forgive debt during an emergency. "Congress could not have made this much more clear," said Kagan, one of the court's three liberal justices. The second case, filed by two members of the public, says the Biden administration violated federal rules by issuing the debt relief plan without first seeking formal public comment on it. In both cases, the Department of Justice says the plaintiffs lack legal standing to challenge the program. The administration has argued that the plaintiffs have failed to demonstrate that they are negatively affected by the plan, which would forgive up to $20,000 in debt per borrower. And, the two plaintiffs in the second case "cannot go to court to make themselves and everyone else worse off" than they would be if the plan took effect, Prelogar told the justices. Campbell in his opening argument addressed the question of standing, saying that Missouri's student loan authority, known by the acronym MOHELA, is "a state-created, state-controlled public entity." Missouri is one of the states suing the Biden administration to block the plan. And its invocation of alleged harm to MOHELA might be the sole reason that the challenge survives the question of standing at the Supreme Court. Campbell said that MOHELA would lose about 40% of its operating revenue if the debt relief plan went into effect. But Prelogar argued that MOHELA could actually see a net financial gain from the debt relief plan because of the structure of the program. Kagan challenged Campbell on whether Missouri has the right to base its suit on claims of harm related to MOHELA, which itself is not a plaintiff in the case. "Usually we don't allow someone else to step into another's shoes," said Kagan, a member of the court's three-justice liberal block. Campbell said, "We don't deny MOHELA could file a suit like that," but repeatedly argued that the agency is a creature of the state, and that Missouri was legally empowered to make claims on its behalf. Justice Amy Coney Barrett later pressed Campbell on the point, asking him why Missouri was in court in the case, as opposed to MOHELA. "MOHELA's not here because the state is asserting its interests," he said. Sotomayor questioned how Missouri could use MOHELA as the basis for standing in the case, given the state's arm's-length relationship to the agency. "It would be odd for us to have a state say 'We're creating a corporation. We're not going to be responsible for its debts. We're not going to be responsible for any of its contracts. We're not going to be responsible for anything it does financially,'" Sotomayor said. "And the state itself says 'this is not the state, it's an independent corporation.' And we're going to say instead, that it is the state, correct?" Barrett, who is a conservative, continued, "Why didn't the state just make MOHELA come here ... why didn't you strong-arm MOHELA?" Campbell replied, "That is a question of state politics." Justice Neil Gorsuch, another conservative, raised a point that many Republicans have made in criticizing the plan, one based on the fairness of forgiving billions of dollars of debt to people who willingly borrowed that money to attend colleges and universities. "What I think they argue, that is missing, is cost to other persons in terms of fairness, for example, people who've paid their loans, people who don't ... have planned their lives around not seeking loans, and people who are not eligible for loans in the first place," he said. "And that half a trillion dollars is being diverted to one group of favored persons over others," Gorsuch said. But Sotomayor warned against the idea of having the court limit the power to forgive the debt that the Biden administration argues has been explicitly authorized by Congress in the Heroes Act. "That really has us as the third branch of government, changing Congress' words because we don't think we like what's happening," Sotomayor said. "There's 50 million students who ... will benefit from this, who today will struggle," she said. "Many of them don't have assets sufficient to bail them out after the pandemic. They don't have friends or families or others who can help them make these payments," Sotomayor said. "The evidence is clear that many of them will have to default, their financial situation will be even worse because once you default, the hardship on you is exponentially greater." "And what you're saying is, now we're going to give judges the right to decide how much aid to give them," she said. Outside the courthouse, Jamie Pipik, a 20-year-old Akron, Ohio, resident, showed up to support the plan. Pipik said that having grown up in a wealthy suburb she was fortunate enough not to have to borrow for her education. But she said she was fighting for the majority of Americans who have no choice but to go into debt if they want to attend college. "Everyone should have the opportunity to become who they want to become, and canceling student debt would make that more possible," Pipik said. "I hope they decide to get rid of student debt and lift that weight." — Annie Nova reported from Washington, D.C., and Dan Mangan reported from New York.

https://www.cnbc.com/2023/01/12/new-year-new-job-but-is-january-the-right-time-to-find-a-new-job.html

RHI

Robert Half

New year, new job? Experts break down if January really is the right time for a new role

Business people in the office sitting on desk and shaking hands, document in front of them If the time off work over the holidays or your New Year's resolutions made you think about getting a new job, then you're not alone. "The beginning of a new year is typically a time for reflection and making resolutions. Many people consider their career goals for the year ahead and eagerly want to set off on the right foot," Gaelle Blake, head of permanent appointments at recruitment company Hays, told CNBC's Make It. Data backs this up. Forty-seven percent of U.K. employees said they were looking for a new role at the end of 2022, a survey by recruitment firm Robert Half found. Similarly, data provided to CNBC's Make It by jobs platform Indeed showed that job searches are higher in January and the busiest day for them often falls in the first week of the month. At the same time, job listings tend to have a slower start to the year and increase as time goes on, Indeed's data showed. "Recruiter activity lags behind in the earlier weeks, before reaching a high level in late January and into February," Indeed's U.K. Economist Jack Kennedy told CNBC's Make It. But what does this mean for people trying to find a new job right now?

https://www.cnbc.com/2023/12/19/stocks-making-the-biggest-moves-premarket-amgen-sunnova-arvinas-and-more.html

ROK

Rockwell Automation

Stocks making the biggest moves premarket: Amgen, Sunnova, Arvinas and more

Check out the companies making headlines before the bell. Sunnova — Shares of the residential and commercial solar company jumped 5.1% after Piper Sandler upgraded the solar name to overweight from neutral, saying Sunnova could benefit from the Federal Reserve's "pivot" towards rate cuts. The renewable energy sector is highly sensitive to rates. Sunrun — Shares added 4% after being upgraded by Piper Sandler to overweight from neutral. The firm cited the anticipated three rate cuts by the Fed next year as catalysts, since the renewable energy sector is highly sensitive to rates. Rhythm Pharmaceuticals — The biotech firm gained nearly 4% after Morgan Stanley upgraded the stock to overweight from equal weight. The company said that it has greater confidence in the company's treatments and raised its terminal growth rate as a result. Amgen — The stock added 1.4% after BMO Capital Markets upgraded the biopharma firm to an outperform rating. Analyst Evan Seigerman is optimistic on the company's budding obesity treatment pipeline and revenue replacement potential. Rockwell Automation — Shares of the industrial automation company rose less than 1% after Wells Fargo upgraded them to overweight from equal weight. The investment firm said that early signs of a turnaround in manufacturing should give Rockwell's stock more upside. Arvinas — The pharmaceutical company added more than 5% following an upgrade to overweight from Wells Fargo. "After a fairly quiet 2023 and with some less than ideal updates on execution, we are now within 12 months of a material potential catalyst for the company's lead asset vepdegestrant," wrote analyst Derek Archila. Plug Power — The green energy stock dropped 3.8% on the back of a Piper Sandler downgrade to underweight from neutral. Piper Sandler said the downgrade was tied to concerns over the company's liquidity. Nikola — The electric vehicle company added more than 3% a day after founder Trevor Milton was sentenced to four years in prison for wire and securities fraud. The stock fell more than 9% on Monday. Accenture — Shares slipped 0.5% after Accenture issued weaker-than-expected second-quarter revenue guidance. The information technology company forecasts revenue of $15.4 billion to $16 billion, lower than the FactSet consensus estimate of $16.25 billion. Otherwise, Accenture's first-quarter earnings and revenue topped expectations. — CNBC's Michelle Fox, Alexander Harring, Sarah Min, Jesse Pound and Pia Singh contributed reporting.

https://www.cnbc.com/2024/01/03/top-stocks-to-watch-on-wednesday.html

ROK

Rockwell Automation

Here are Wednesday's biggest analyst calls: Nvidia, Netflix, Amazon, Apple, Tesla, Verizon, Eli Lilly & more

Here are Wednesday's biggest calls on Wall Street: Goldman Sachs reiterates Tesla as neutral Goldman raised its price target on the stock to $255 per share from $235 and said it's sticking with its equal weight rating. "We are Neutral rated on the stock, with our positive view of Tesla' s long-term growth potential and position in the market offset by what we believe will be additional pricing reductions and full valuation." Goldman Sachs upgrades Ameriprise Financial to buy from neutral Goldman said it likes the company's cash revenue outlook. " AMP : Durable cash revenue outlook, margins and buybacks support EPS upside; upgrade to Buy." Goldman Sachs downgrades Charles Schwab to neutral from buy Goldman said the Schwab bull case is moving further away. "SCHW: Lower rates push EPS recovery bull case further out; downgrade to Neutral." JPMorgan downgrades Prudential to neutral from overweight JPMorgan said it sees "less buyback accretion" in 2024 for Prudential. "healthy equity market, offset by lower interest rates, less buyback accretion, and charge in 4Q23." Morgan Stanley downgrades Keurig Dr Pepper to equal weight from overweight Morgan Stanley said "EPS visibility is already priced in." "Part one of our early-July KDP upgrade has played out with the market now viewing EPS visibility as solid at KDP in our minds, or perhaps at least much better than pronounced fears over a FY23 EPS cut back in early July." Baird initiates Jazz Pharmaceuticals as outperform Baird said it likes the pharmaceutical company's pipeline. "We're initiating coverage of JAZZ with an Outperform rating and $160 price target." Goldman Sachs downgrades Magna to neutral from buy Goldman said it sees "limited" EPS improvement for the auto parts manufacturer. "We downgrade Magna (MGA) shares to Neutral from Buy as we believe the company's relatively slower content per vehicle growth compared to our broader tier 1 coverage will limit EPS/FCF improvement especially as auto production growth moderates." Goldman Sachs reiterates Apple as buy Goldman said it's standing by its buy rating on the stock. " Apple (AAPL, Buy) should also benefit from a recovery in industry PC demand, as well as a track record of share gains." KeyBanc upgrades Verizon to overweight from sector weight Key said it's bullish on Verizon in 2024. "Our view is based off of: 1) Wireless industry competitive intensity being low, which makes us want more Wireless exposure, and VZ should show better postpaid phone net add performance; 2) VZ's Broadband subscriber growth is far outpacing T's." KBW downgrading SoFi to underperform from market perform KBW downgraded the stock mainly on valuation. "We are moving our rating on SOFI to Underperform (from MP) due to a combination of recent outperformance but also a re-underwriting of our model, which slightly reduced estimates, leaving us materially below consensus." Roth MKM names Roblox a top pick Roth said the stock is a top pick in 2024. "In our view, 2024 marks the start of a three-year period where Roblox can achieve a ~20% bookings CAGR along with 100bps-300bps of annual adjusted EBITDA margin expansion." Bank of America reiterates Amazon as buy Bank of America said it sees "margin upside" for Amazon in 2024. "2024 should be a solid year for Amazon advertising." Piper Sandler upgrades Discover to overweight from neutral Piper said it sees tailwinds for the stock in 2024. "We are upgrading DFS to Overweight from Neutral while naming DFS as our top pick for 2024." Baird downgrades Sherwin-Williams to neutral from outperform Baird said in its downgrade of the paint company that the thesis has played out. "However, we believe that SHW faces a challenging macroeconomic backdrop in the near term, characterized by higher for longer interest rates, a tightening housing supply, and higher oil prices/wage inflation." Wolfe names JPMorgan a top pick Wolfe said the bank has "asset sensitive 'quality' on sale." "Our Top Picks screen best across multiple scenarios in terms of risk-reward, with a combination of asset sensitive 'quality' on sale ( JPM , ARES, LPLA) and undervalued cyclical names." Wolfe upgrades Citi to outperform from peer perform Wolfe said the bank has an "attractive risk/reward." "C bull case does not require meeting revenue growth targets — we see compelling risk-reward from self-help." Mizuho names First Solar a top pick Mizuho said it sees earnings resilience from the solar company in 2024. "We prefer First Solar as earnings should be resilient with locked in volumes and ASPs, and they are sold out through 2026 with mostly take-or-pay contracts." DA Davidson initiates Nvidia as neutral DA said Nvidia could be "vulnerable" to AI hype. "While we continue to believe that generative AI is the most important transformative technology since the Internet, we do not expect the same level of investment we saw in 2023 continuing beyond 2024 and initiate coverage at a NEUTRAL rating." Goldman Sachs initiates Li Auto as buy Goldman initiated the China EV company with a buy and says it likes Li's "competitive positioning." "Expansion into BEV [battery electric vehicle] drives another leg of growth; initiate at Buy." UBS upgrades Rockwell Automation to buy from neutral UBS said it sees "reshoring momentum" for the stock. "We upgrade ROK to Buy as shares of the US Automation leader have de-rated to a 5yr low into the early innings of US Reshoring momentum, a multi-decade opportunity that should accelerate ROK's long-term growth algorithm." Citi opens a positive catalyst watch on United Airlines Citi said the stock has "momentum" in 2024. " United's 2024 momentum seems underappreciated by the market. The carrier's strong revenue momentum on the Trans-Pacific- and on mainline domestic corridors, along with seat mile cost dilution associated with re-fleeting, seem underappreciated by the market." Jefferies upgrades GSK to buy from hold Jefferies said it sees an attractive risk/reward for the biopharma company. "Novartis is still top-pick, then GSK which we upgrade to Buy on near-term risk-reward, and Sanofi's robust growth remains underappreciated." UBS names Netflix and Disney top ideas UBS said it's bullish on both stocks in 2024. "We believe Netflix is the main beneficiary of these trends while we see a positive risk/reward for Disney given its asset value, potential strategic developments and accelerating OI/EPS growth." Needham initiates Utz as buy Needham said the snack company is firing on all cylinders. "We believe Utz has the right playbook and new team in place to transition from a family-run regional company to a national competitor in the salty snack category." Mizuho downgrades Exxon to hold from buy Mizuho said in its downgrade of Exxon that it's concerned about a "weakening" macro. "On the downside, weakening macro outlook will impact its Downstream operations more than IOC [integrated oil companies] peers and could be a headwind." Barclays upgrades Yum Brands to overweight from equal weight and downgrades Wendy's to equal weight from overweight Barclays made several ratings changes in its restaurant coverage and said it likes stocks that have a "larger, global, more diversified portfolio." "And in that scenario, we are making two rating changes within quick service to be best positioned, shifting preference to a larger, global, more diversified portfolio. Specifically, we are upgrading YUM to OW and downgrading WEN to EW. Barclays initiates Teladoc as overweight Barclays said in its initiation of the telehealth company that shares are attractively valued. "We see an opportunity in TDOC given its near-trough valuation at a discount to even services peers a newfound focus on profitability, balance sheet flexibility, and an embedded platform that lends itself to cross-sales." Wells Fargo names Micron as a top pick Wells said Micron is its new top pick for 2024. "We're positive on the fundamental semi setup in 2024/2025; cyclical recovery + LT [long term] secular thesis in memory drives MU to top pick & prefer NVDA vs. AMD at current levels/sentiment." Bank of America downgrades Bristol-Myers to neutral from buy Bank of America said it needs more clarity on execution for Bristol-Myers. "Our Neutral rating is driven by the uncertainty on long-term growth profile of the company given LOE [loss of exclusivity] headwinds despite recent acquisitions." BTIG initiates VinFast as buy BTIG said the EV company is well-positioned for expansion into North America. " VinFast is a Vietnam-based passenger electric vehicle (EV) OEM looking to expand into North America (NAM) with longer-term expansion plans into Europe and Asia." Piper Sandler names Ulta a top pick Piper said the stock is well positioned for a tough macro in 2024. " ULTA is navigating well through a challenging consumer environment and proving to be one of the most defensive names in beauty, delivering consistent positive comp sales and margins several points ahead of pre-Covid." Bank of America names Eli Lilly a top pick Bank of America said the pharmaceutical stock is a top pick in 2024. "LLY shares had another strong year, finishing up 59% in 2023 largely based on broad investor interest surrounding obesity / diabetes drugs. Given the outperformance as well as the multiple investors are not surprisingly concerned about how sustainable current trends are."

https://www.cnbc.com/2023/12/26/citi-names-its-top-stock-picks-for-2024-to-navigate-a-potential-slowdown.html

ROK

Rockwell Automation

Citi names its top stock picks for 2024 to navigate a potential slowdown

An economic downturn may loom in the new year, but Citi still thinks stocks will come out on top in the next year. While Citi economists project a recession sometime in the middle of 2024, the bank says that previous earnings recessions have already been priced into the stock market within the last two years. "Thus, a key debate is the degree to which investors and corporates have implicitly lowered their expectations as recession has been a focus for well over a year. We argue that earnings will prove resilient relative to historic recession compares," wrote Citi U.S. equity strategist Scott Chronert in the bank's North America outlook. While the S & P 500 is currently trading less than 1% from its all-time closing high, set in January 2022, Citi thinks the index could blow this record out of the water with a year-end 2024 target of 5,100. That's 7.3% higher than where the index closed Friday and 6.3% higher than its all-time high closing price. Chronert said the emphasis for investors next year will be to focus on "idiosyncratic influences, with a related focus on productivity, further driving stock specific volatility." The strategist also recommended four considerations as a general rule of thumb. "First, on the heels of the Q4 rally, we advocate buying pullbacks," he said. "Second, structurally, companies with compelling longer-term outlooks, perhaps enhanced by generative AI potential, provide a means of navigating economic weakness, while benefitting from an eventually less hawkish Fed." Cyclical companies could also provide an attractive barbell to their growth counterparts, especially since their valuations usually benefit from more open monetary policy, he added. Chronert also underscored defensive names for their high earnings growth visibility. Within the report, Citi also shared some of its top stock picks for each sector. Here are some of the included names: Citi selected KeyCorp , the parent company of KeyBank, as one of its most preferred U.S. bank stocks. Analyst Keith Horowitz currently has a $15 target price on the name, implying roughly 5% upside from Friday's close. "Heading into a credit cycle, we prefer names with below average credit risk and strong [ net interest income ] upside potential from fixed asset repricing. Given the structure of the loan book and receive fixed maturities, KEY stands to benefit the most from repricing tailwinds," he wrote. Shares of KeyCorp have shed about 17% this year. Within airlines, Citi analyst Stephen Trent listed Delta and United as two of his top picks. "Structural, post-pandemic changes mean lower block hour utilization, more blended travel and more premium economy [passenger] flow. These trends should still heavily favor network airlines, such as Delta and United," he wrote. Trent believes Delta could rally 36% to reach his $56 price target, while his $71 price target for United implies a nearly 67% upside. Citi analyst Jason Gursky highlighted Boeing and L3Harris Technologies as two of his top picks within the aerospace and defense category. His $271 price target implies a 4% upside for Boeing, while his $238 forecast for L3Harris means the stock could rise 14% from Friday's close. As catalysts for the stocks, Gursky pointed to growing military spending in the U.S. and Europe and the post-pandemic airline travel recovery. "In our view, these dynamics should allow for improved cash flows and sustained earnings growth over the next several years for the companies in our coverage universe," he wrote. Citi also listed General Motors as one of its most preferred stocks for the U.S. automobiles sector, FedEx for transportation and Rockwell Automation for diversified industrials. — CNBC's Michael Bloom contributed reporting.

https://www.cnbc.com/id/40090348

ROK

Rockwell Automation

Lightning Round: Rockwell Automation, Crocs, Altria and More

Rockwell Automation : Cramer is bullish on the industrials, though he thinks a minor pullback in the group is coming that will allow investors a better entry point. Crocs : “This one has run too much,” Cramer said. Sell CROX. Canon : Sell CAN. Cramer thinks this Japanese company has a currency problem. “The yen is too strong,” he said. NovaGold Resources : “I believe that Novagold is worth a great deal more than it’s selling for,” Cramer said. He recommended waiting for a pullback and then buy more. Altria Group : Take some profits on MO, Cramer said. The stock’s enjoyed a good run. When this story published, Cramer’s charitable trust owned Altria Group and NovaGold Resources. Call Cramer: 1-800-743-CNBC Questions for Cramer? madmoney@cnbc.com Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

https://www.cnbc.com/id/33732033

ROK

Rockwell Automation

Rockwell Automation Earnings: What Options Are Saying

One trader is positioning for a move higher ahead of Rockwell Automation's earnings report Monday. OptionMonster's tracking systems detected heavy buying of the November 45 calls and selling of the November 40 puts. The strategy, broken into several pieces, apparently included buying the calls for about $0.82 and selling the puts for $0.54. It was executed on about 2,600 contracts. ___________________________ CNBC/OptionMonster Trading School: ___________________________ ROK stock is down 2.47 percent $43.11 in afternoon trading. The maker of industrial-control devices more than doubled from March to August and has been consolidating between $40 and $45 since then. Today's options trade resulted in a net debit of about $0.28 and will earn profit if the stock rallies above $45.28 by expiration. It will generate losses below $40. ROK will issue fiscal fourth-quarter earnings before the market opens on Nov. 9, and management wil host an investor meeting at 11:45 a.m. ET on Nov. 12. ROK reaffirmed its full-year earnings guidance the last time it reported on July 28. Later in the session, another investor purchased about 1,000 November 45 calls for $1 to $1.10, which also reflects a bullish outlook for the stock. Overall options volume in ROK is about 17 times greater than average today. ___________________________ Rockwell Competes With: ABB Emerson Electric Siemens ___________________________ ___________________________ David Russell is a reporter and writer for OptionMonster. ___________________________ Disclaimer

https://www.cnbc.com/2018/07/11/robotics-automation-will-thrive-under-new-trade-tariffs.html

ROK

Rockwell Automation

Robotics, automation will thrive under new trade tariffs

It is no surprise that looming tariffs have impacted global markets. The U.S. imposed tariffs on a number of foreign goods, and the rest of the world responded. The markets, bearing the potential for a trade war, have volleyed based off this news, and several sectors could face potential losses. Not all industries, however, face negative futures as a result of these tariffs. Some are set to thrive. A tariff is defined as a schedule of duties imposed by a government on imported or, in some countries, exported goods. In a world that is so interconnected, the impact of such duties is far-reaching. Most, if not all, industries worldwide affected by tariffs will be forced to rapidly increase automation. The impact goes both ways. The price of goods purchased in the United States will inherently increase due to imposing tariffs on cheaper imports. U.S. manufacturers will be forced to produce goods at a lower cost, which would be achieved through automation. Conversely, companies facing impending tariffs that rely on revenues stemming from exports to the United States will need lower production costs in order to subsidize these tariffs, once again via automation. The global adoption of robotics and automation technology has been growing exponentially over the past four years. According to Tractica, a technology advisory service, the global robotics market was $31 billion in 2016 and is expected to reach $237 billion by 2022. Regardless of political opinion, tariffs will likely put a multiplying factor on these numbers. The European auto market is a prime example of the impact of investment in robotics and automation and why tariffs would accelerate such funds. Such investment can stoke output as well as growth while simultaneously decrease margin costs exponentially. More from Straight Talk: Over the past four years, European auto companies have been steadily automating manufacturing facilities at home, as well as in the United States. The International Federation of Robotics estimates that 9,900 robots were installed in central and Eastern Europe in 2017, up 28 percent from the year before. Further, the IFR projects a 21 percent compounded annual growth rate in robot shipments to the region by the end of this decade, nearly double the European average. Auto companies that invested in automation pre-tariffs are ahead of the game, and they are the cost-saving blueprint for other companies. In 2016, BMW introduced its fully automated vehicle manufacturing smart factory in Wackersdorf, Germany. Vehicle production time has gone from 40 hours on the conventional assembly line to 20 hours in the smart factory. The quicker production line requires 50 percent less power and 70 percent less water per car compared to the traditional production average. The benefits of these investments were abundant and influenced the production of more automated facilities. Last year the BMW plant in South Carolina implemented 2,000 robots and is currently 98 percent automated. BMW is also planning to reduce 5 percent of the annual cost of a vehicle, and 200 million euros ($235 million) is being invested in a new plant. The work is expected to begin in 2018 and is scheduled to finish in 2020. The plant is designed to meet the high standards of an increased production flexibility for future BMW models. A forced acceleration toward automation requires investments, and there are a number of companies that could benefit across the globe. Rockwell Automation is a U.S. company that produces industrial automation products. KUKA AG , based in Germany, and FANUC , a Japanese company, are spending a great deal of capital advancing the smart factory model. These advancements would completely automate the entire manufacturing process from the manufacturing line, to storage, as well as retrieval to shipping.