Stocks making the biggest moves midday: Uber, Tesla, Ulta, Zoom Video & more

Tesla — Shares of the automaker gained more than 2% after Morgan Stanley raised its “bull case” target on the stock to $500. Ulta earnied $2.25 per share, compared to the $2.13 per share expected by Wall Street analysts, according to Refinitiv. Zoom Video Communications — Shares of the video-conferencing company plummeted more than 10% on the back of quarterly results that revealed slowing growth. Big Lots lost 18 cents per share, compared to the 20 cents per share expected on Wall Street, accor


Tesla — Shares of the automaker gained more than 2% after Morgan Stanley raised its “bull case” target on the stock to $500.
Ulta earnied $2.25 per share, compared to the $2.13 per share expected by Wall Street analysts, according to Refinitiv.
Zoom Video Communications — Shares of the video-conferencing company plummeted more than 10% on the back of quarterly results that revealed slowing growth.
Big Lots lost 18 cents per share, compared to the 20 cents per share expected on Wall Street, accor
Stocks making the biggest moves midday: Uber, Tesla, Ulta, Zoom Video & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: thomas franck
Keywords: news, cnbc, companies, biggest, reported, zoom, moves, quarterly, company, stock, ulta, stocks, shares, cents, street, midday, share, tesla, making, morgan, uber, revenue, video


Stocks making the biggest moves midday: Uber, Tesla, Ulta, Zoom Video & more

An Uber banner on the New York Stock Exchange on the day of Uber’s IPO, May 10, 2019.

Check out the companies making headlines in midday trading:

Uber Technologies — Shares of Uber slid 2% after the ride-hailing company said more than 3,000 sexual assaults occurred during rides last year in the United States alone. This finding was revealed as part of the company’s first-ever U.S. Safety Report, which was released on Thursday.

Tesla — Shares of the automaker gained more than 2% after Morgan Stanley raised its “bull case” target on the stock to $500. The firm said that this best case scenario could result if the recently unveiled Cybertruck is successful, and if the new factory in China tops expectations. Morgan Stanley’s “base case” price target for the stock remains $250.

Ulta Beauty — Shares of the cosmetics company surged more than 13% after beating quarterly profit estimates, driven by sales of higher-margin cosmetics products. Ulta earnied $2.25 per share, compared to the $2.13 per share expected by Wall Street analysts, according to Refinitiv.

Zoom Video Communications — Shares of the video-conferencing company plummeted more than 10% on the back of quarterly results that revealed slowing growth. Zoom’s revenue of $166.6 million represents annualized growth of 85%. That’s less growth than in the previous quarter, when sales grew by 96%.

DocuSign — DocuSign shares climbed more than 7% after the digital signature software company posted quarterly results that beat analyst expectations. The company posted an adjusted profit of 11 cents a share on revenue of $249.5 million. Analysts polled by Refinitiv expected earnings per share of 3 cents on revenue of $239.9 million.

Big Lots — Shares of Big Lots soared more than 25% after the retailer reported a smaller-than-expected loss for its third-quarter earnings. Big Lots lost 18 cents per share, compared to the 20 cents per share expected on Wall Street, according to Refinitiv. The company also reported revenue of $1.168 billion, topping the forecast $1.162 billion.

Cloudera — Cloudera popped nearly 10% in midday trading after multiple brokerages (including Morgan Stanley and Bank of America Merrill Lynch) raised their price targets on the company’s equity after the enterprise software firm reported third-quarter earnings and revenues ahead of what the Street expected.

Stifel analysts wrote that they were “pleased to see that Cloudera has seemingly stabilized its business, [but] remain cautious around the true size of the company’s long-term market opportunity.”

— CNBC’s Fred Imbert, Maggie Fitzgerald and Pippa Stevens contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: thomas franck
Keywords: news, cnbc, companies, biggest, reported, zoom, moves, quarterly, company, stock, ulta, stocks, shares, cents, street, midday, share, tesla, making, morgan, uber, revenue, video


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Here’s what to expect from the Reagan National Defense Forum

Here’s what to expect from the Reagan National Defense ForumCNBC’s Morgan Brennan reports from the Reagan National Defense Forum, where leaders in technology and defense are expected to attend the invite-only event to present what’s next in defense.


Here’s what to expect from the Reagan National Defense ForumCNBC’s Morgan Brennan reports from the Reagan National Defense Forum, where leaders in technology and defense are expected to attend the invite-only event to present what’s next in defense.
Here’s what to expect from the Reagan National Defense Forum Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, leaders, defense, present, expect, reports, heres, inviteonly, reagan, national, forum, morgan, whats, technology


Here's what to expect from the Reagan National Defense Forum

Here’s what to expect from the Reagan National Defense Forum

CNBC’s Morgan Brennan reports from the Reagan National Defense Forum, where leaders in technology and defense are expected to attend the invite-only event to present what’s next in defense.


Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, leaders, defense, present, expect, reports, heres, inviteonly, reagan, national, forum, morgan, whats, technology


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A top Tesla analyst raised his ‘bull case’ for the stock to $500, or 50% higher from here

Workers walk outside the Tesla Inc. Gigafactory in Shanghai, China, on Friday, Nov. 1, 2019. Morgan Stanley increased its “bull case” for Tesla to $500 a share on Thursday, in the firm’s calculation of a best case scenario for the company’s value if Cybertruck is successful and the new factory in China exceeds expectations. Tesla’s stock rose 0.7% in after hours trading from its close of $330.37 a share. Morgan Stanley’s new bull case represents a 50% increase from Tesla’s current stock price. B


Workers walk outside the Tesla Inc. Gigafactory in Shanghai, China, on Friday, Nov. 1, 2019.
Morgan Stanley increased its “bull case” for Tesla to $500 a share on Thursday, in the firm’s calculation of a best case scenario for the company’s value if Cybertruck is successful and the new factory in China exceeds expectations.
Tesla’s stock rose 0.7% in after hours trading from its close of $330.37 a share.
Morgan Stanley’s new bull case represents a 50% increase from Tesla’s current stock price.
B
A top Tesla analyst raised his ‘bull case’ for the stock to $500, or 50% higher from here Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael sheetz
Keywords: news, cnbc, companies, case, raised, bull, higher, 500, china, share, tesla, analyst, price, teslas, jonas, stanleys, stock, morgan


A top Tesla analyst raised his 'bull case' for the stock to $500, or 50% higher from here

Workers walk outside the Tesla Inc. Gigafactory in Shanghai, China, on Friday, Nov. 1, 2019.

Morgan Stanley increased its “bull case” for Tesla to $500 a share on Thursday, in the firm’s calculation of a best case scenario for the company’s value if Cybertruck is successful and the new factory in China exceeds expectations.

“In an optimistic scenario,” Morgan Stanley analyst Adam Jonas said he sees Tesla selling 100,000 Cybertrucks by the end of 2024, at an average price of $50,000. Additionally, Jonas believes Tesla’s Gigafactory in China could perform better than anticipated and reach a production rate of 450,000 units per year by 2024/2025.

Tesla’s stock rose 0.7% in after hours trading from its close of $330.37 a share. Morgan Stanley’s new bull case represents a 50% increase from Tesla’s current stock price. Jonas is widely followed on Wall Street as he was one of the earliest bullish analysts on Tesla, as well as the market for electric vehicles.

But Morgan Stanley’s “base case” price target of $250 a share remains unchanged, as well as its equalweight rating on Tesla.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: michael sheetz
Keywords: news, cnbc, companies, case, raised, bull, higher, 500, china, share, tesla, analyst, price, teslas, jonas, stanleys, stock, morgan


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Billionaire businessman Ken Langone talks about stocks he likes, including JP Morgan and GE

Billionaire businessman Ken Langone told CNBC that he used Tuesday’s stock market drop as a buying opportunity. “Where else can you go to get some kind of a decent rate of return, than equities,” Langone said. Langone said Parker-Hannifin is “extremely well run,” and the company has raised its dividend every year for 63 years. After spending time with Culp, Langone said he was persuaded to buy back in. Boston-based GE, at one time America’s most valuable company, now has a stock market value bel


Billionaire businessman Ken Langone told CNBC that he used Tuesday’s stock market drop as a buying opportunity.
“Where else can you go to get some kind of a decent rate of return, than equities,” Langone said.
Langone said Parker-Hannifin is “extremely well run,” and the company has raised its dividend every year for 63 years.
After spending time with Culp, Langone said he was persuaded to buy back in.
Boston-based GE, at one time America’s most valuable company, now has a stock market value bel
Billionaire businessman Ken Langone talks about stocks he likes, including JP Morgan and GE Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, tuesdays, stocks, culp, highs, ken, 2019, morgan, company, businessman, parkerhannifin, talks, market, stock, langone, including, likes


Billionaire businessman Ken Langone talks about stocks he likes, including JP Morgan and GE

Billionaire businessman Ken Langone told CNBC that he used Tuesday’s stock market drop as a buying opportunity.

“Where else can you go to get some kind of a decent rate of return, than equities,” Langone said. “Balance sheets are in pretty good shape. I think the economy has got 1.5% to 2% in it next year.”

U.S. stocks were strongly higher on Wednesday, tracking to break a three-session losing streak.

“Yesterday, I was adding to my positions,” Langone, co-founder of Home Depot, said on “Squawk Box” on Wednesday. “I have so much Depot it’s not prudent” to buy more.

“I added to my J.P. Morgan position,” he continued.

Shares of the $412 billion New York banking behemoth fell nearly 1.3% on Tuesday. But they’re up nearly 35% in 2019, hitting an all-time high last week.

Langone also said he added to his Parker-Hannifin position.

Cleveland-based Parker-Hannifin, with a stock market value of more than $25 billion, makes engineering components and technologies used in products in a wide range of industries, including aerospace, electronics and power generation.

Langone said Parker-Hannifin is “extremely well run,” and the company has raised its dividend every year for 63 years. In fiscal year 2019, the company increased its annual dividend payout by 13%.

Shares of Parker-Hannifin, about 5% shy of early 2018 all-time highs, are up more than 30% in 2019. The stock dropped for five straight sessions as of Tuesday’s close.

Also in the industrial sector, Langone said he likes General Electric. He said he got back into GE, where he once served as a director, earlier this year, following billionaire investor Stanley Druckenmiller into the stock.

“Stan made a big bet,” said Langone, also founder of investment bank Invemed Associates.

Druckenmiller told CNBC on Aug. 15 that he brought GE shares during the stock’s double-digit plunge brought about by a report from Madoff-whistleblower Harry Markopolos accusing the conglomerate of an Enron-like fraud.

The company has denied those accusations.

“I think Culp is doing a hell of a job,” Langone said Wednesday, referring to Larry Culp, the third CEO of embattled GE in a little over two years. Culp was a GE board member before getting the top job. He was previously CEO of Danaher.

After spending time with Culp, Langone said he was persuaded to buy back in.

That’s a turnaround from comments in December 2018, a couple months after Culp was appointed, when Langone called the company’s performance an unfortunate “disaster” and a prime example of “bad governance.”

Shares of GE, while down about 80% from all-time highs in 2000, are up about 45% in 2019, recently hitting several new 52-week highs. As of Tuesday’s close, the stock was on a five-session losing streak.

Boston-based GE, at one time America’s most valuable company, now has a stock market value below $100 billion.


Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, tuesdays, stocks, culp, highs, ken, 2019, morgan, company, businessman, parkerhannifin, talks, market, stock, langone, including, likes


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JP Morgan expects bigger OPEC production cuts and no more ‘free passes’ for U.S. shale drillers

The J.P. Morgan analysts said their base case now is that the deal will be for cuts of 1.5 million barrels a day, extended through June. Manaar expects Saudi Arabia’s oil minister to commit to production of 10 million barrels a day, down from its current quota of 10.3 million barrels a day. U.S. shale production has surged to 12.9 million barrels a day, while OPEC and its partners have held oil off the market. Oil analysts have expected OPEC plus to continue pressing members that are not holding


The J.P. Morgan analysts said their base case now is that the deal will be for cuts of 1.5 million barrels a day, extended through June.
Manaar expects Saudi Arabia’s oil minister to commit to production of 10 million barrels a day, down from its current quota of 10.3 million barrels a day.
U.S. shale production has surged to 12.9 million barrels a day, while OPEC and its partners have held oil off the market.
Oil analysts have expected OPEC plus to continue pressing members that are not holding
JP Morgan expects bigger OPEC production cuts and no more ‘free passes’ for U.S. shale drillers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: scott stringer, new york city comptroller
Keywords: news, cnbc, companies, passes, morgan, shale, analysts, expects, cuts, drillers, opec, oil, saudi, market, day, free, million, barrels, production


JP Morgan expects bigger OPEC production cuts and no more 'free passes' for U.S. shale drillers

Saudi Energy minister Prince Abdulaziz bin Salman shakes hands with staff during his visit to an Aramco oil facility one day after the attacks in Abqaiq, Saudi Arabia September 15, 2019.

Many analysts expect OPEC and its partners to extend their current production agreement by three months when they meet later this week, but J.P. Morgan analysts expect further cuts of another 300,000 barrels a day.

The J.P. Morgan analysts said their base case now is that the deal will be for cuts of 1.5 million barrels a day, extended through June. The ongoing agreement between OPEC, Russia and other non-OPEC producers is for a 1.2 million barrel a day reduction. That deal was set to expire in March.

OPEC and Russia and other producers, or OPEC plus, meet Thursday and Friday in Vienna.

The J.P. Morgan analysts said they held a conference call with Jaafar Altaie, managing director and founder of Manaar Energy, on the OPEC plus outlook. Their main takeaway from the call is that Manaar expects OPEC to agree to deeper cuts. Manaar expects Saudi Arabia’s oil minister to commit to production of 10 million barrels a day, down from its current quota of 10.3 million barrels a day.

Larger cuts should make the market tighter and help boost prices.

The J.P. Morgan analysts said they also understand from Manaar that OPEC has been focused on the growth of U.S. shale production and wants no more “free passes” for U.S. producers.

U.S. shale production has surged to 12.9 million barrels a day, while OPEC and its partners have held oil off the market. U.S. oil exports also increased by about 1 million barrels a day this year, boosting market share at the expense of OPEC and others

Goldman Sachs oil analysts expect OPEC plus to keep its production cut at current levels and to extend them through June, when the OPEC plus group is next scheduled to meet. The Goldman analysts expect oil prices to be choppy around this week’s meeting because there is so much uncertainty about what the producers will do.

“Already large speculative buying in recent weeks and some expectations for a longer/larger cut suggests that an uneventful 3 month extension is unlikely to provide much upside to current prices,” the Goldman analysts wrote. They noted that Brent should trade around $60 per barrel in 2020, absent any geopolitical shocks.

Brent futures were trading just over $61 per barrel in afternoon trading, while West Texas Intermediate crude was around $56 per barrel.according to Goldman Sachs energy analysts.

The J.P. Morgan analyst said Saudi Arabia would like to see a higher price, and its fiscal ‘comfort level’ for near-term Brent is around $60 to $70 per barrel.

Saudi Arabia has been bearing the brunt of the cuts, while some members, like Russia, Nigeria and Iraq, are still not in complete compliance. Oil analysts have expected OPEC plus to continue pressing members that are not holding to production quotas.

The Goldman analysts note that Saudi Arabia may not even want to extend the deal until there is better compliance.

“With several participating countries still not meeting their commitments, Saudi may not want to guarantee market balance on its own, delaying an extension to secure greater compliance first. This push for compliance may be further complicated by Russia’s comments that its quota should exclude condensates,” the analysts wrote.

Russia has been angling to have its condensates excluded from the deal, and base cuts only on crude oil production, not byproducts.

The Goldman analysts said if the current quotas are extended longer than expected that would be bullish, and it would help Saudi Arabia curb its over compliance in the second half of next year.

On the other hand, if the producers hold off on making a decision on the extension and do nothing, that would be initially bearish.

“A lack of agreement this week would not lead us to change our expectation that the cut would eventually be implemented through 2Q20, to help keep the market balanced and preserve backwardation, which is finally starting to benefit OPEC,” they noted.

When the market is backwardated, it means that oil is trading at higher prices currently than forward futures contracts indicate. Backwardation also suggests that the market is getting tighter..


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: scott stringer, new york city comptroller
Keywords: news, cnbc, companies, passes, morgan, shale, analysts, expects, cuts, drillers, opec, oil, saudi, market, day, free, million, barrels, production


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Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: ‘It’s all priced in’

A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks. “Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming. Roku’s valuation levels have surged past digital media players and


A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.
Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks.
“Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming.
Roku’s valuation levels have surged past digital media players and
Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: ‘It’s all priced in’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, note, companys, video, past, priced, 2019, york, weight, morgan, valuation, downgrades, hottest, stanley, roku, ytd


Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: 'It's all priced in'

A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.

Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks.

Roku’s stock fell more than 16% in trading on Monday.

“Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming. As a result, we see the risk/reward skewed to the downside. Roku’s valuation levels have surged past digital media players and even past high-growth SAAS [software as a service] companies … despite structurally lower gross margins,” Morgan Stanley analyst Benjamin Swinburne said in a note to investors. The note was titled, “It’s all priced in.”


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, note, companys, video, past, priced, 2019, york, weight, morgan, valuation, downgrades, hottest, stanley, roku, ytd


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Morgan Stanley says get defensive with stocks like Coca-Cola because of ‘late cycle’ economy

Trade tensions and the 2020 presidential election will add even more uncertainty to the aging U.S. economic recovery, making surefire defensive stocks and consumer staples more attractive investments, according to Morgan Stanley. “Trade, the election, and a late cycle economy keep the market searching for new leadership amid high uncertainty,” Wilson wrote. “We slightly favor the more defensive outcome given our well below consensus forecast for S&P 500 earnings growth next year.” Wilson also re


Trade tensions and the 2020 presidential election will add even more uncertainty to the aging U.S. economic recovery, making surefire defensive stocks and consumer staples more attractive investments, according to Morgan Stanley.
“Trade, the election, and a late cycle economy keep the market searching for new leadership amid high uncertainty,” Wilson wrote.
“We slightly favor the more defensive outcome given our well below consensus forecast for S&P 500 earnings growth next year.”
Wilson also re
Morgan Stanley says get defensive with stocks like Coca-Cola because of ‘late cycle’ economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: thomas franck
Keywords: news, cnbc, companies, stocks, cocacola, growth, 500, economy, wilson, market, defensive, target, election, morgan, late, 2020, cycle, stanley, wrote


Morgan Stanley says get defensive with stocks like Coca-Cola because of 'late cycle' economy

A customer shops as bottles of Coca-Cola Co. brand soda sit on display for sale.

Trade tensions and the 2020 presidential election will add even more uncertainty to the aging U.S. economic recovery, making surefire defensive stocks and consumer staples more attractive investments, according to Morgan Stanley.

Chief U.S. equity strategist Michael Wilson told clients in a note Monday that expectations of “disappointing” S&P earnings next year should allow companies like Coca-Cola, Lowe’s and McDonald’s to outperform the broader market.

“Trade, the election, and a late cycle economy keep the market searching for new leadership amid high uncertainty,” Wilson wrote.

“We expect the market to vacillate between a pro-cyclical outcome and a defensive one as data comes in and trade tensions and the election evolve,” he added. “We slightly favor the more defensive outcome given our well below consensus forecast for S&P 500 earnings growth next year.”

The investment bank sees GDP growth in the U.S. stabilizing below trend under 2% for the next year and labor costs accelerating, both of which are set to pose headwinds in the new year.

Wilson also reiterated his 2020 S&P 500 target of 3,000, which implies that the major market index will fall 4.5% over the next 13 months. The projection makes Morgan Stanley one of the two most-bearish brokerages tracked by CNBC: The median S&P 500 strategist target for year-end 2020 is 3,325, 5.9% above Friday’s close.

UBS is the only other firm with a target as low as 3,000.

Wilson said his lackluster forecast for U.S. equities comes despite easier monetary policy and hopes that trade relations between Washington and Beijing are improving.

In fact, Wilson wrote that central bank liquidity and positive seasonal data could boost the S&P 500 to overshoot the upper end of his 2020 bull case. But by April, he wrote, the liquidity tailwind should fade and the market will refocus on company fundamentals.

“Uncertainty means rotations should continue and their durability will depend on whether growth is accelerating or decelerating,” Wilson wrote. “With the S&P 500 currently above the upper end of the channel due primarily to excessive central bank balance sheet expansion, we think risk reward skews lower, and would prefer to be more opportunistic when adding risk.”


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: thomas franck
Keywords: news, cnbc, companies, stocks, cocacola, growth, 500, economy, wilson, market, defensive, target, election, morgan, late, 2020, cycle, stanley, wrote


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Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: ‘It’s all priced in’

A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks. “Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming. Roku’s valuation levels have surged past digital media players and


A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.
Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks.
“Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming.
Roku’s valuation levels have surged past digital media players and
Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: ‘It’s all priced in’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, note, companys, video, past, priced, 2019, york, weight, morgan, valuation, downgrades, hottest, stanley, roku, ytd


Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: 'It's all priced in'

A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.

Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks.

Roku’s stock fell more than 16% in trading on Monday.

“Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming. As a result, we see the risk/reward skewed to the downside. Roku’s valuation levels have surged past digital media players and even past high-growth SAAS [software as a service] companies … despite structurally lower gross margins,” Morgan Stanley analyst Benjamin Swinburne said in a note to investors. The note was titled, “It’s all priced in.”


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, note, companys, video, past, priced, 2019, york, weight, morgan, valuation, downgrades, hottest, stanley, roku, ytd


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Apple could change its iPhone release schedule to twice a year, JP Morgan says

Apple could change its iPhone release strategy to launch new devices twice a year starting in 2021, J.P. Morgan analysts predicted in a note distributed on Monday, citing supply chain checks. If Apple were to launch new iPhones twice a year, as the J.P. Morgan analysts suggest, it would be a major strategy shift for Apple’s most important product line. That’s a change from the three-model strategy Apple has used since 2017. They also believe that Apple will release a low-cost iPhone resembling t


Apple could change its iPhone release strategy to launch new devices twice a year starting in 2021, J.P. Morgan analysts predicted in a note distributed on Monday, citing supply chain checks.
If Apple were to launch new iPhones twice a year, as the J.P. Morgan analysts suggest, it would be a major strategy shift for Apple’s most important product line.
That’s a change from the three-model strategy Apple has used since 2017.
They also believe that Apple will release a low-cost iPhone resembling t
Apple could change its iPhone release schedule to twice a year, JP Morgan says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: kif leswing
Keywords: news, cnbc, companies, schedule, support, models, launch, release, apple, morgan, change, strategy, analysts, iphone, iphones, twice


Apple could change its iPhone release schedule to twice a year, JP Morgan says

An employee, left, shows a customer the features of an iPhone 11 at Apple store during a product launch event in Kuala Lumpur, Malaysia on Friday, September 27, 2019.

Apple could change its iPhone release strategy to launch new devices twice a year starting in 2021, J.P. Morgan analysts predicted in a note distributed on Monday, citing supply chain checks.

The shift in strategy would allow Apple to smooth its traditional seasonality and give the company increased flexibility to change its products within a six-month time frame and compete with other device makers that launch new phones throughout the year.

Since 2011, Apple has released major new iPhones in September and October, setting up the quarter that ends in December to be Apple’s largest, boosted by the holidays and new models. If Apple were to launch new iPhones twice a year, as the J.P. Morgan analysts suggest, it would be a major strategy shift for Apple’s most important product line.

“Based on our supply chain checks, we are expecting a strategic change in the launch cadence with the release of two new iPhone models in 1H21 followed by another two in 2H21, which will serve to smooth seasonality around the launch,” J.P. Morgan analyst Samik Chatterjee wrote.

The analysts also published predictions for Apple’s 2020 iPhone lineup in Monday’s note, predicting that four new iPhone models will launch in September 2020. That’s a change from the three-model strategy Apple has used since 2017. They also believe that Apple will release a low-cost iPhone resembling the iPhone 8 in the spring.

The J.P. Morgan analysts predict all four devices launching next fall will sport superior OLED screens and support 5G networks, although some models will not support mmWave technology, which promises faster speeds.

“The 2H20 lineup will include all OLED phones, with screen sizes of 5.4″ (one model), 6.1″ (two), and 6.7″ (one), broadening the screen size range from 5.8″ to 6.5″ in 2019,” Chatterjee wrote. “We expect the two higher end models (one 6.1″, one 6.7″) to include mmWave support, triple camera and World facing 3D sensing, while the lower-end models (one 6.1″, one 5.4″) will include support for only sub-6 GHz and dual camera (no World-facing 3D sensing).”

The analysts note that the increased screen size options and 5G support could encourage current iPhone users to upgrade.

The J.P. Morgan predictions have slight differences from other early reports about next year’s iPhones. Last month, Korean news site ETNews discussed the same screen sizes but did not mention two different models with 6.1-inch screens and said that “a model will support 5G.”

Leading Apple analyst Ming-Chi Kuo from TF Securities has predicted that all of Apple’s 2020 iPhones will support 5G networks. He too believes Apple is planning iPhones with 6.7-inch, 6.1-inch, and 5.4-inch OLED displays.

J.P. Morgan is overweight on Apple and raised its 12-month price target to $296 from $290.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: kif leswing
Keywords: news, cnbc, companies, schedule, support, models, launch, release, apple, morgan, change, strategy, analysts, iphone, iphones, twice


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Morgan Stanley reportedly fires traders over hiding currency trading losses

At least four traders at New York-based Morgan Stanley have been fired or placed on leave after reportedly concealing a loss of between $100 million and $140 million, a new report from Bloomberg News said. The traders in question allegedly mismarked, or purposely mis-priced, some emerging market currency trades, acccording to Bloomberg, which cited people with knowledge of the matter. At least some of the traders, who are based in New York and London, would be leaving the firm, the report said.


At least four traders at New York-based Morgan Stanley have been fired or placed on leave after reportedly concealing a loss of between $100 million and $140 million, a new report from Bloomberg News said.
The traders in question allegedly mismarked, or purposely mis-priced, some emerging market currency trades, acccording to Bloomberg, which cited people with knowledge of the matter.
At least some of the traders, who are based in New York and London, would be leaving the firm, the report said.

Morgan Stanley reportedly fires traders over hiding currency trading losses Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: pippa stevens
Keywords: news, cnbc, companies, revenue, hiding, million, traders, losses, morgan, report, stanley, fires, billion, bloomberg, currency, expecting, trading, reportedly


Morgan Stanley reportedly fires traders over hiding currency trading losses

At least four traders at New York-based Morgan Stanley have been fired or placed on leave after reportedly concealing a loss of between $100 million and $140 million, a new report from Bloomberg News said.

The traders in question allegedly mismarked, or purposely mis-priced, some emerging market currency trades, acccording to Bloomberg, which cited people with knowledge of the matter. At least some of the traders, who are based in New York and London, would be leaving the firm, the report said.

Revenue from trading remains important for the bank, even as CEO James Gorman shifts the bank’s focus from its trading and advisory businesses to its wealth management services.

The bank’s third quarter earnings results, reported in October, showed revenue of $10.1 billion, which was roughly $500 million above what analysts had been expecting. Revenue from the company’s bond-trading desks rose 21% year-over-year to reach $1.43 billion. This was $320 million more than the Street had been expecting. Stock-trading revenue came in at $1.99 billion, which was just under the Street’s estimate of $2.1 billion.

A representative from Morgan Stanley declined to comment.

-To read the full Bloomberg article click here.

WATCH: US dollar could weaken against euro, yen in 2020 says BNP Paribas


Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: pippa stevens
Keywords: news, cnbc, companies, revenue, hiding, million, traders, losses, morgan, report, stanley, fires, billion, bloomberg, currency, expecting, trading, reportedly


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