Here are Monday’s biggest analyst calls of the day: Facebook, Morgan Stanley, Costco & more

Oppenheimer said in its upgrade of the stock that it saw an attractive valuation and upbeat top line trends among other things. Since late August COST shares have lagged up 3% vs. a gain of 14% in the S&P 500. With a now more accommodative valuation on a relative basis, the potential for well above peer top-line trends set to continue, and prospects for a special dividend, we again see the case for outperformance. As we look to the balance of 2020, we overall see a muted upside outlook for our f


Oppenheimer said in its upgrade of the stock that it saw an attractive valuation and upbeat top line trends among other things.
Since late August COST shares have lagged up 3% vs. a gain of 14% in the S&P 500.
With a now more accommodative valuation on a relative basis, the potential for well above peer top-line trends set to continue, and prospects for a special dividend, we again see the case for outperformance.
As we look to the balance of 2020, we overall see a muted upside outlook for our f
Here are Monday’s biggest analyst calls of the day: Facebook, Morgan Stanley, Costco & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: michael bloom
Keywords: news, cnbc, companies, day, trends, cost, biggest, mondays, upgrade, facebook, valuation, costco, topline, stanley, analyst, upside, thingssince, universe, morgan, calls, upbeat


Here are Monday's biggest analyst calls of the day: Facebook, Morgan Stanley, Costco & more

Oppenheimer said in its upgrade of the stock that it saw an attractive valuation and upbeat top line trends among other things.

Since late August COST shares have lagged up 3% vs. a gain of 14% in the S&P 500. With a now more accommodative valuation on a relative basis, the potential for well above peer top-line trends set to continue, and prospects for a special dividend, we again see the case for outperformance. As we look to the balance of 2020, we overall see a muted upside outlook for our food retailing universe, but believe COST and DG can deliver outsized gains vs. peers in this backdrop.


Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: michael bloom
Keywords: news, cnbc, companies, day, trends, cost, biggest, mondays, upgrade, facebook, valuation, costco, topline, stanley, analyst, upside, thingssince, universe, morgan, calls, upbeat


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Here are Monday’s biggest analyst calls of the day: Tesla, Nvidia, Microsoft & more

Deutsche Bank kept its hold rating on the stock and named the company as a catalyst call buy idea for the short-term. It also said it thinks GE could post a better-than-expected fourth quarter in its next earnings report on January 29. “However, we see the potential for GE to deliver a beat in 4Q19 and 2020e guidance that suggests upside to current consensus at the midpoint of the range. Despite GE’s recent share price outperformance, we see the potential for a result consistent with our expecta


Deutsche Bank kept its hold rating on the stock and named the company as a catalyst call buy idea for the short-term.
It also said it thinks GE could post a better-than-expected fourth quarter in its next earnings report on January 29.
“However, we see the potential for GE to deliver a beat in 4Q19 and 2020e guidance that suggests upside to current consensus at the midpoint of the range.
Despite GE’s recent share price outperformance, we see the potential for a result consistent with our expecta
Here are Monday’s biggest analyst calls of the day: Tesla, Nvidia, Microsoft & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: michael bloom
Keywords: news, cnbc, companies, upside, potential, day, analyst, tesla, stock, biggest, calls, microsoft, nvidia, thinks, shortterm, price, upward, suggests, share, mondays


Here are Monday's biggest analyst calls of the day: Tesla, Nvidia, Microsoft & more

Deutsche Bank kept its hold rating on the stock and named the company as a catalyst call buy idea for the short-term. It also said it thinks GE could post a better-than-expected fourth quarter in its next earnings report on January 29.

“However, we see the potential for GE to deliver a beat in 4Q19 and 2020e guidance that suggests upside to current consensus at the midpoint of the range. Despite GE’s recent share price outperformance, we see the potential for a result consistent with our expectation to drive continued upward momentum in the stock price.”


Company: cnbc, Activity: cnbc, Date: 2020-01-13  Authors: michael bloom
Keywords: news, cnbc, companies, upside, potential, day, analyst, tesla, stock, biggest, calls, microsoft, nvidia, thinks, shortterm, price, upward, suggests, share, mondays


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Micron, Western Digital stocks rip higher after Cowen upgrades

An analyst at Cowen upgraded shares of Micron Technology and Western Digital, sending the chipmakers higher on Tuesday. He also raised his Micron price target to $70 per share from $50 per share. That target implies more than 30% upside from Monday’s close of $53.57 per share. Ackerman hiked his Western Digital price target to $88 per share from $45 per share, implying nearly 40% 12-month upside from Monday’s close of $63.37 per share. Micron shares rose 3.5% in the premarket to around $55.40 pe


An analyst at Cowen upgraded shares of Micron Technology and Western Digital, sending the chipmakers higher on Tuesday.
He also raised his Micron price target to $70 per share from $50 per share.
That target implies more than 30% upside from Monday’s close of $53.57 per share.
Ackerman hiked his Western Digital price target to $88 per share from $45 per share, implying nearly 40% 12-month upside from Monday’s close of $63.37 per share.
Micron shares rose 3.5% in the premarket to around $55.40 pe
Micron, Western Digital stocks rip higher after Cowen upgrades Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-07  Authors: fred imbert
Keywords: news, cnbc, companies, upside, micron, price, cowen, stocks, mondays, rip, upgraded, upgrades, share, digital, shares, western, higher, target


Micron, Western Digital stocks rip higher after Cowen upgrades

An analyst at Cowen upgraded shares of Micron Technology and Western Digital, sending the chipmakers higher on Tuesday.

Karl Ackerman upgraded both stocks to outperform from market perform. He also raised his Micron price target to $70 per share from $50 per share. That target implies more than 30% upside from Monday’s close of $53.57 per share. Ackerman hiked his Western Digital price target to $88 per share from $45 per share, implying nearly 40% 12-month upside from Monday’s close of $63.37 per share.

Micron shares rose 3.5% in the premarket to around $55.40 per share, while Western Digital advanced 3.2% to $65.37 per share.


Company: cnbc, Activity: cnbc, Date: 2020-01-07  Authors: fred imbert
Keywords: news, cnbc, companies, upside, micron, price, cowen, stocks, mondays, rip, upgraded, upgrades, share, digital, shares, western, higher, target


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Here are Monday’s biggest analyst calls of the day: Apple, Citi, Alphabet, Bank of America & more

Needham downgraded the stock but raised its price target to $350 from $280 as it sees Apple transitioning to a “recurring-revenue business model.” “1) AAPL has direct relationships with 900mm of the wealthiest consumers in the world; 2) AAPL is transitioning to a recurring revenue business model, which is driving multiple expansion; 3) AAPL is indifferent to which apps are most popular on its platform; 4) AAPL is a gatekeeper, so it can require rev shares from all apps; 4) AAPL is a pure play on


Needham downgraded the stock but raised its price target to $350 from $280 as it sees Apple transitioning to a “recurring-revenue business model.”
“1) AAPL has direct relationships with 900mm of the wealthiest consumers in the world; 2) AAPL is transitioning to a recurring revenue business model, which is driving multiple expansion; 3) AAPL is indifferent to which apps are most popular on its platform; 4) AAPL is a gatekeeper, so it can require rev shares from all apps; 4) AAPL is a pure play on
Here are Monday’s biggest analyst calls of the day: Apple, Citi, Alphabet, Bank of America & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-06  Authors: michael bloom
Keywords: news, cnbc, companies, mondays, biggest, citi, day, alphabet, aapl, apps, valuation, upside, trend, bank, transitioning, apple, america, business, target, calls, wealthiest, analyst, world


Here are Monday's biggest analyst calls of the day: Apple, Citi, Alphabet, Bank of America & more

Needham downgraded the stock but raised its price target to $350 from $280 as it sees Apple transitioning to a “recurring-revenue business model.”

“1) AAPL has direct relationships with 900mm of the wealthiest consumers in the world; 2) AAPL is transitioning to a recurring revenue business model, which is driving multiple expansion; 3) AAPL is indifferent to which apps are most popular on its platform; 4) AAPL is a gatekeeper, so it can require rev shares from all apps; 4) AAPL is a pure play on the trend toward “always-on” mobility; 5) AAPL’s compensation structure is a hidden asset that drives valuation upside; and, 6) AAPL benefits from Network Effects.”


Company: cnbc, Activity: cnbc, Date: 2020-01-06  Authors: michael bloom
Keywords: news, cnbc, companies, mondays, biggest, citi, day, alphabet, aapl, apps, valuation, upside, trend, bank, transitioning, apple, america, business, target, calls, wealthiest, analyst, world


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Peter Navarro sees ‘at least’ Dow 32,000 in 2020 and US economic growth closer to 3% next year

White House trade advisor Peter Navarro on Tuesday predicted the Dow Jones Industrial Average will hit “at least” 32,000 in 2020. “I’m looking forward to a great 2020,” Navarro told CNBC’s “Squawk Box.” “[Dow] 32,000 is a conservative estimate of where we’ll be at the end of the year.” Trump is running his 2020 reelection campaign on his stock market and economic track record. Navarro has long believed that the Dow would be on a tear with Trump in the White House.


White House trade advisor Peter Navarro on Tuesday predicted the Dow Jones Industrial Average will hit “at least” 32,000 in 2020.
“I’m looking forward to a great 2020,” Navarro told CNBC’s “Squawk Box.”
“[Dow] 32,000 is a conservative estimate of where we’ll be at the end of the year.”
Trump is running his 2020 reelection campaign on his stock market and economic track record.
Navarro has long believed that the Dow would be on a tear with Trump in the White House.
Peter Navarro sees ‘at least’ Dow 32,000 in 2020 and US economic growth closer to 3% next year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-31  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, growth, saw, economic, 32000, trump, trade, mondays, white, closer, peter, going, navarro, sees, dow, 2020


Peter Navarro sees 'at least' Dow 32,000 in 2020 and US economic growth closer to 3% next year

White House trade advisor Peter Navarro on Tuesday predicted the Dow Jones Industrial Average will hit “at least” 32,000 in 2020. That would be 12.4% higher than Monday’s close.

“I’m looking forward to a great 2020,” Navarro told CNBC’s “Squawk Box.” “Forecast-wise, I’m seeing closer to 3% real GDP growth than 2%. I’m seeing at least 32,000 on the Dow.”

In the third quarter, U.S. economic growth increased at a 2.1% annual rate.

The Dow, which declined and closed Monday at 28,462, was up more than 55% since President Donald Trump won the 2016 election. Despite Monday’s drop, the Dow was still near record highs.

“It’s going to be the roaring 2020s next year,” Navarro said. “[Dow] 32,000 is a conservative estimate of where we’ll be at the end of the year.”

Trump is running his 2020 reelection campaign on his stock market and economic track record.

Navarro pointed to a handful of signs of a stronger economy ahead, despite concerns of a slowdown, including low unemployment, rising consumer optimism and rising wages.

Additionally, he cited ongoing trade progress.

The “phase one” trade deal between the U.S. and China is a certainty at this point, Navarro said, adding the accord is “in the bank.”

He also alluded to potential trade priorities for the Trump administration in 2020, including a new deal with a post-Brexit United Kingdom and other countries.

“Next year, 2020, we’re going to try to get something going with Great Britain, Vietnam, Europe and anybody else who wants to fairly trade with the United States of America,” Navarro said.

Navarro has long believed that the Dow would be on a tear with Trump in the White House.

On “Squawk Box” the morning after Trump was elected in November 2016, Navarro said it was “a very bullish thing for the markets” and predicted Dow 25,000 during the Trump presidency, a 38% increase from then-current levels around 18,000.

With one day left in 2019, the Dow was up 22% for this year alone. The S&P 500 broader market measure is tracking for its best year since 2013, with a 28.5% advance for 2019 as of Monday’s close.

Looking at the S&P 500’s performance during recent administrations’ first three years since Election Day, Trump leads the way with gains of more than 50%. George H.W. Bush saw a nearly 48% increase, Bill Clinton saw a 45% advance, Barack Obama saw a nearly 31% rise, Ronald Reagan saw more than 26% gains and George W. Bush saw a more than 23% drop.


Company: cnbc, Activity: cnbc, Date: 2019-12-31  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, growth, saw, economic, 32000, trump, trade, mondays, white, closer, peter, going, navarro, sees, dow, 2020


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Here are Monday’s biggest analyst calls of the day: Apple, 3M, Boeing & more

“Due to the changes in production schedules as well as commentary by both the supply base and airlines, we are now estimating that the global average (North American and other regions) return to service (RTS) of the 737 MAX will be May 2020 (vs. March 2020 previously).” J.P. Morgan upgraded the stock to neutral noting a shift toward “fundamentals” but said that litigation over PFAS would remain a concern. PFAS, or per-and poly-fluoroalkyl substances, are a group of synthetic chemicals that have


“Due to the changes in production schedules as well as commentary by both the supply base and airlines, we are now estimating that the global average (North American and other regions) return to service (RTS) of the 737 MAX will be May 2020 (vs. March 2020 previously).”
J.P. Morgan upgraded the stock to neutral noting a shift toward “fundamentals” but said that litigation over PFAS would remain a concern.
PFAS, or per-and poly-fluoroalkyl substances, are a group of synthetic chemicals that have
Here are Monday’s biggest analyst calls of the day: Apple, 3M, Boeing & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-23  Authors: michael bloom
Keywords: news, cnbc, companies, boeing, upgraded, supply, substances, calls, united, biggest, synthetic, day, mondays, stock, apple, pfas, used, 2020, analyst


Here are Monday's biggest analyst calls of the day: Apple, 3M, Boeing & more

“Due to the changes in production schedules as well as commentary by both the supply base and airlines, we are now estimating that the global average (North American and other regions) return to service (RTS) of the 737 MAX will be May 2020 (vs. March 2020 previously).”

J.P. Morgan upgraded the stock to neutral noting a shift toward “fundamentals” but said that litigation over PFAS would remain a concern. PFAS, or per-and poly-fluoroalkyl substances, are a group of synthetic chemicals that have been used in the United States since 1940.


Company: cnbc, Activity: cnbc, Date: 2019-12-23  Authors: michael bloom
Keywords: news, cnbc, companies, boeing, upgraded, supply, substances, calls, united, biggest, synthetic, day, mondays, stock, apple, pfas, used, 2020, analyst


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Here are Monday’s biggest analyst calls: Micron, Western Digital, Pepsi & more

Susquehanna upgraded Western Digital on the expected ramp-up of the 5G smartphone build cycle. “In a nutshell, we expect the 5G smartphone build cycle to start in earnest in late Mar-Q, which combined with all the cuts to NAND cap-ex and wafer starts, all aimed at reducing bit supply growth rate, should lead to a tight NAND supply-demand market by June-Q. We actually don’t rule out (real) “shortages” hitting the headlines by mid-summer! Game console upgrade cycle of 2020 could also exacerbate th


Susquehanna upgraded Western Digital on the expected ramp-up of the 5G smartphone build cycle.
“In a nutshell, we expect the 5G smartphone build cycle to start in earnest in late Mar-Q, which combined with all the cuts to NAND cap-ex and wafer starts, all aimed at reducing bit supply growth rate, should lead to a tight NAND supply-demand market by June-Q.
We actually don’t rule out (real) “shortages” hitting the headlines by mid-summer!
Game console upgrade cycle of 2020 could also exacerbate th
Here are Monday’s biggest analyst calls: Micron, Western Digital, Pepsi & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-16  Authors: michael bloom
Keywords: news, cnbc, companies, cycle, mondays, wafer, western, upgrade, biggest, nand, analyst, digital, shortages, calls, build, micron, pepsi, smartphone, upgraded


Here are Monday's biggest analyst calls: Micron, Western Digital, Pepsi & more

Susquehanna upgraded Western Digital on the expected ramp-up of the 5G smartphone build cycle.

“In a nutshell, we expect the 5G smartphone build cycle to start in earnest in late Mar-Q, which combined with all the cuts to NAND cap-ex and wafer starts, all aimed at reducing bit supply growth rate, should lead to a tight NAND supply-demand market by June-Q. We actually don’t rule out (real) “shortages” hitting the headlines by mid-summer! Game console upgrade cycle of 2020 could also exacerbate the NAND shortages into 2H20.”


Company: cnbc, Activity: cnbc, Date: 2019-12-16  Authors: michael bloom
Keywords: news, cnbc, companies, cycle, mondays, wafer, western, upgrade, biggest, nand, analyst, digital, shortages, calls, build, micron, pepsi, smartphone, upgraded


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Here are Monday’s biggest analyst calls: Micron, Western Digital, Pepsi & more

Susquehanna upgraded Western Digital on the expected ramp-up of the 5G smartphone build cycle. “In a nutshell, we expect the 5G smartphone build cycle to start in earnest in late Mar-Q, which combined with all the cuts to NAND cap-ex and wafer starts, all aimed at reducing bit supply growth rate, should lead to a tight NAND supply-demand market by June-Q. We actually don’t rule out (real) “shortages” hitting the headlines by mid-summer! Game console upgrade cycle of 2020 could also exacerbate th


Susquehanna upgraded Western Digital on the expected ramp-up of the 5G smartphone build cycle.
“In a nutshell, we expect the 5G smartphone build cycle to start in earnest in late Mar-Q, which combined with all the cuts to NAND cap-ex and wafer starts, all aimed at reducing bit supply growth rate, should lead to a tight NAND supply-demand market by June-Q.
We actually don’t rule out (real) “shortages” hitting the headlines by mid-summer!
Game console upgrade cycle of 2020 could also exacerbate th
Here are Monday’s biggest analyst calls: Micron, Western Digital, Pepsi & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-16  Authors: michael bloom
Keywords: news, cnbc, companies, cycle, mondays, wafer, western, upgrade, biggest, nand, analyst, digital, shortages, calls, build, micron, pepsi, smartphone, upgraded


Here are Monday's biggest analyst calls: Micron, Western Digital, Pepsi & more

Susquehanna upgraded Western Digital on the expected ramp-up of the 5G smartphone build cycle.

“In a nutshell, we expect the 5G smartphone build cycle to start in earnest in late Mar-Q, which combined with all the cuts to NAND cap-ex and wafer starts, all aimed at reducing bit supply growth rate, should lead to a tight NAND supply-demand market by June-Q. We actually don’t rule out (real) “shortages” hitting the headlines by mid-summer! Game console upgrade cycle of 2020 could also exacerbate the NAND shortages into 2H20.”


Company: cnbc, Activity: cnbc, Date: 2019-12-16  Authors: michael bloom
Keywords: news, cnbc, companies, cycle, mondays, wafer, western, upgrade, biggest, nand, analyst, digital, shortages, calls, build, micron, pepsi, smartphone, upgraded


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Wall Street searches for direction following Monday’s rally

Wall Street searches for direction following Monday’s rally53 Mins AgoU.S. stock index futures were flat Tuesday morning as investors take to heart suggestions of a thaw in trade talks with China and a wave of merger activity. CNBC’s Frank Holland reports.


Wall Street searches for direction following Monday’s rally53 Mins AgoU.S. stock index futures were flat Tuesday morning as investors take to heart suggestions of a thaw in trade talks with China and a wave of merger activity.
CNBC’s Frank Holland reports.
Wall Street searches for direction following Monday’s rally Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: brendan mcdermid
Keywords: news, cnbc, companies, wave, wall, trade, thaw, following, reports, rally, mondays, talks, direction, searches, stock, street, suggestions


Wall Street searches for direction following Monday's rally

Wall Street searches for direction following Monday’s rally

53 Mins Ago

U.S. stock index futures were flat Tuesday morning as investors take to heart suggestions of a thaw in trade talks with China and a wave of merger activity. CNBC’s Frank Holland reports.


Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: brendan mcdermid
Keywords: news, cnbc, companies, wave, wall, trade, thaw, following, reports, rally, mondays, talks, direction, searches, stock, street, suggestions


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US weekly jobless claims rise to five-month high

The number of Americans filing applications for unemployment benefits rose to a five-month high last week, but this likely does not signal a shift in labor market conditions as claims for several states were estimated because of Monday’s holiday. Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 225,000 for the week ended Nov. 9, the highest reading since June 22, the Labor Department said on Thursday. The Labor Department said claims for California, Hawaii


The number of Americans filing applications for unemployment benefits rose to a five-month high last week, but this likely does not signal a shift in labor market conditions as claims for several states were estimated because of Monday’s holiday.
Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 225,000 for the week ended Nov. 9, the highest reading since June 22, the Labor Department said on Thursday.
The Labor Department said claims for California, Hawaii
US weekly jobless claims rise to five-month high Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-14
Keywords: news, cnbc, companies, department, rise, jobless, week, high, estimated, weekly, mondays, market, rose, claims, labor, fivemonth, unemployment, states


US weekly jobless claims rise to five-month high

The number of Americans filing applications for unemployment benefits rose to a five-month high last week, but this likely does not signal a shift in labor market conditions as claims for several states were estimated because of Monday’s holiday.

Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 225,000 for the week ended Nov. 9, the highest reading since June 22, the Labor Department said on Thursday. Data for the prior week was unrevised.

Economists polled by Reuters had forecast claims would climb to 215,000 in the latest week. The Labor Department said claims for California, Hawaii, Kansas, Pennsylvania, Puerto Rico and Virginia were estimated. Some of the states did not have enough time to process the claims data because of Monday’s Veterans Day holiday, leading to them making estimates.

The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, rose only 1,750 to 217,000 last week.


Company: cnbc, Activity: cnbc, Date: 2019-11-14
Keywords: news, cnbc, companies, department, rise, jobless, week, high, estimated, weekly, mondays, market, rose, claims, labor, fivemonth, unemployment, states


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