Here are Friday’s biggest analyst calls of the day: Tesla, BlackRock, Beyond Meat & more

Deutsche Bank downgraded the investment management company mainly on valuation. :With 4Q19 being one of the best earnings seasons for traditional asset managers in recent memory, we think the rally may pause for at least the near-term, especially with fundamentals remaining quite challenged, aside from positive markets. With this view, we also downgrade BlackRock from Buy to Hold, as the stock has approached our price target and we see the risk/return profile as less compelling.”


Deutsche Bank downgraded the investment management company mainly on valuation.
:With 4Q19 being one of the best earnings seasons for traditional asset managers in recent memory, we think the rally may pause for at least the near-term, especially with fundamentals remaining quite challenged, aside from positive markets.
With this view, we also downgrade BlackRock from Buy to Hold, as the stock has approached our price target and we see the risk/return profile as less compelling.”
Here are Friday’s biggest analyst calls of the day: Tesla, BlackRock, Beyond Meat & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: michael bloom
Keywords: news, cnbc, companies, stock, fridays, valuationwith, remaining, analyst, view, meat, riskreturn, recent, think, target, seasons, tesla, biggest, traditional, day, calls, blackrock


Here are Friday's biggest analyst calls of the day: Tesla, BlackRock, Beyond Meat & more

Deutsche Bank downgraded the investment management company mainly on valuation.

:With 4Q19 being one of the best earnings seasons for traditional asset managers in recent memory, we think the rally may pause for at least the near-term, especially with fundamentals remaining quite challenged, aside from positive markets. With this view, we also downgrade BlackRock from Buy to Hold, as the stock has approached our price target and we see the risk/return profile as less compelling.”


Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: michael bloom
Keywords: news, cnbc, companies, stock, fridays, valuationwith, remaining, analyst, view, meat, riskreturn, recent, think, target, seasons, tesla, biggest, traditional, day, calls, blackrock


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Cramer bets on his birthday that Apple’s next decade could be as successful as its past 10 years

CNBC’s Jim Cramer used his 65th birthday on Monday to illustrate why he always advises investors to buy Apple stock for the long term rather than trade it in the short term. “Let’s take a 10-year view — because I was 55, 10 years ago — Apple stock was at $27.87. So you may want to trade Apple? Cramer was suggesting that it would not be out of the question to see Apple stock power ahead in a similar fashion in the next decade. Cramer said the iPhone, first launched in 2007, became ubiquitous over


CNBC’s Jim Cramer used his 65th birthday on Monday to illustrate why he always advises investors to buy Apple stock for the long term rather than trade it in the short term.
“Let’s take a 10-year view — because I was 55, 10 years ago — Apple stock was at $27.87.
So you may want to trade Apple?
Cramer was suggesting that it would not be out of the question to see Apple stock power ahead in a similar fashion in the next decade.
Cramer said the iPhone, first launched in 2007, became ubiquitous over
Cramer bets on his birthday that Apple’s next decade could be as successful as its past 10 years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-10  Authors: matthew j belvedere
Keywords: news, cnbc, companies, trade, innovative, apples, stock, bets, cook, past, apple, going, think, birthday, share, successful, decade, cramer, view


Cramer bets on his birthday that Apple's next decade could be as successful as its past 10 years

CNBC’s Jim Cramer used his 65th birthday on Monday to illustrate why he always advises investors to buy Apple stock for the long term rather than trade it in the short term.

“Let’s take a 10-year view — because I was 55, 10 years ago — Apple stock was at $27.87. So you may want to trade Apple? I would like over the last 10 years to invest in Apple. And I’m going to make another 10-year bet. I think they’re that good.” Cramer said on “Squawk on the Street.”

The huge gain in Apple from around $28 per share in February 2010 to more than $314 per share at Monday’s open on Wall Street was over 1,000%. Apple is currently the most valuable U.S. company at a $1.4 trillion market cap.

Cramer was suggesting that it would not be out of the question to see Apple stock power ahead in a similar fashion in the next decade.

He later told CNBC producers that it was “fanciful that it could be at $300 — so maybe in another 10 years, it’s equally as fanciful. That it would be a dramatically higher price.”

“The Mad Money” host said that such lofty levels might not be so unbelievable. “I remember when you had Merck and Coca-Cola cross the $100 billion barrier … everyone thought that was just crazy. I don’t want to rule out something that seemed crazy 10-years ago for certain.”

Cramer said the iPhone, first launched in 2007, became ubiquitous over the past 10 years. “This changed the world,” he said, holding up the device. “I think that’s what did it.”

He also reiterated his view that Apple CEO Tim Cook has indeed been innovative, pointing to the success of Apple’s AirPods and the emerging popularity of the Apple Watch, not to mention the growth the tech giant has seen in recent quarters in its services business.

“The guy changed our lives,” he said of Cook, who has been widely praised as being a great operator but not as innovative as his predecessor, the late Apple co-founder Steve Jobs.

How many people are walking around with AirPods in their ears talking to themselves, Cramer asked, rhetorically?

“Tim Cook made us look like we’re nuts, and we pay for it,” he said. “What is he going to come up with next?”


Company: cnbc, Activity: cnbc, Date: 2020-02-10  Authors: matthew j belvedere
Keywords: news, cnbc, companies, trade, innovative, apples, stock, bets, cook, past, apple, going, think, birthday, share, successful, decade, cramer, view


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Voters largely favor capitalism over socialism amid Sanders’ rise in 2020 primary

Most voters view capitalism better than socialism as debates over how much to revamp the U.S. economic system help shape the 2020 presidential election, according to an NBC News/Wall Street Journal poll released Sunday. More than half of registered voters, or 52%, have a positive view of capitalism, the survey found. At the same time, only 19% of voters have a positive view of socialism. Even so, some of Sanders’ rivals for the Democratic presidential nomination have called his plans to overhaul


Most voters view capitalism better than socialism as debates over how much to revamp the U.S. economic system help shape the 2020 presidential election, according to an NBC News/Wall Street Journal poll released Sunday.
More than half of registered voters, or 52%, have a positive view of capitalism, the survey found.
At the same time, only 19% of voters have a positive view of socialism.
Even so, some of Sanders’ rivals for the Democratic presidential nomination have called his plans to overhaul
Voters largely favor capitalism over socialism amid Sanders’ rise in 2020 primary Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-01  Authors: jacob pramuk
Keywords: news, cnbc, companies, favor, president, socialism, democratic, sanders, system, election, 2020, presidential, largely, view, voters, rise, primary, capitalism, economic, amid


Voters largely favor capitalism over socialism amid Sanders' rise in 2020 primary

Democratic 2020 U.S. presidential candidate and U.S. Senator Bernie Sanders (I-VT) speaks at a campaign stop in Hooksett, New Hampshire, September 30, 2019.

Most voters view capitalism better than socialism as debates over how much to revamp the U.S. economic system help shape the 2020 presidential election, according to an NBC News/Wall Street Journal poll released Sunday.

Still, it is unclear whether voters’ views on the economic and political systems will affect the race — or hurt Sen. Bernie Sanders, a leading presidential candidate who identifies as a democratic socialist.

More than half of registered voters, or 52%, have a positive view of capitalism, the survey found. Meanwhile, 18% have a negative perception.

At the same time, only 19% of voters have a positive view of socialism. A majority, 53%, have a negative perception.

The numbers reinforce why President Donald Trump has — inaccurately — painted all of his potential Democratic opponents in the 2020 election as socialists. It’s a message the president and his allies could deploy even more often as Sanders rises in national Democratic primary polls and appears to have a good chance of winning multiple early presidential nominating contests.

Sanders’ brand of democratic socialism involves a push for a single-payer “Medicare for All” health care system, higher taxes on the wealthy and corporations to expand the social safety net and stronger labor rights to protect workers from the abuses of employers. While his proposals would dramatically boost the federal government, they do not call for the type of public ownership of capital or companies typically associated with socialism.

Even so, some of Sanders’ rivals for the Democratic presidential nomination have called his plans to overhaul the U.S. economic system too dramatic. Candidates such as former Vice President Joe Biden, former South Bend Mayor Pete Buttigieg and former New York Mayor Mike Bloomberg have called for more gradual policy changes.

The NBC/WSJ survey does not include any questions about how much voters tie Sanders to socialism. Even so, any association may not hurt him in a hypothetical contest against Trump.

Sanders leads Trump by a 49% to 45% margin in a potential general election matchup, the poll found.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2020-02-01  Authors: jacob pramuk
Keywords: news, cnbc, companies, favor, president, socialism, democratic, sanders, system, election, 2020, presidential, largely, view, voters, rise, primary, capitalism, economic, amid


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Here are Friday’s biggest analyst calls: Uber, World Wrestling, Amgen and more

JPMorgan said in its view of the ridesharing company that it sees it “driving” towards profitability. “Uber occupies a leadership position in Rideshare and Food delivery in most parts of the world and has rapidly increased its gross bookings from ~$34B in 2017 to an estimated $65B in 2019. freight), which provide optionality. With key events like the lock-up behind us, we believe Uber looks attractive at ~3.3x our 2020E Adj. net revenue.”


JPMorgan said in its view of the ridesharing company that it sees it “driving” towards profitability.
“Uber occupies a leadership position in Rideshare and Food delivery in most parts of the world and has rapidly increased its gross bookings from ~$34B in 2017 to an estimated $65B in 2019.
freight), which provide optionality.
With key events like the lock-up behind us, we believe Uber looks attractive at ~3.3x our 2020E Adj.
net revenue.”
Here are Friday’s biggest analyst calls: Uber, World Wrestling, Amgen and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-31  Authors: michael bloom
Keywords: news, cnbc, companies, amgen, view, analyst, taken, biggest, steps, sees, calls, world, fridays, stability, upside, wrestling, uber, shares, rideshare


Here are Friday's biggest analyst calls: Uber, World Wrestling, Amgen and more

JPMorgan said in its view of the ridesharing company that it sees it “driving” towards profitability.

“Uber occupies a leadership position in Rideshare and Food delivery in most parts of the world and has rapidly increased its gross bookings from ~$34B in 2017 to an estimated $65B in 2019. We expect upside in Uber shares to be driven by 1) continued US Rideshare rationalization as well as stability in international rideshare markets; 2) product focus as Uber rolls out loyalty products to amplify engagement on the platform; 3) decisive steps being taken to achieve 2021 profitability; and 4) investments in autonomous and other offerings (incl. freight), which provide optionality. With key events like the lock-up behind us, we believe Uber looks attractive at ~3.3x our 2020E Adj. net revenue.”


Company: cnbc, Activity: cnbc, Date: 2020-01-31  Authors: michael bloom
Keywords: news, cnbc, companies, amgen, view, analyst, taken, biggest, steps, sees, calls, world, fridays, stability, upside, wrestling, uber, shares, rideshare


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This is the view from most expensive seats at Super Bowl LIV in Miami—and they cost $35,000 each

The living room box seats in the Hard Rock Stadium in Miami cost $35,000 each for the Super Bowl on Sunday. The most expensive seats when the Kansas City Chiefs play the San Francisco 49ers in Super Bowl LIV at Hard Rock Stadium in Miami on Sunday are being sold for as much as $35,000. For that money, you don’t get bleacher-style seats — these seats are living room-recliner style seats in the first section of seats on the field. In 2019, the most expensive Super Bowl seat at Mercedes-Benz Stadiu


The living room box seats in the Hard Rock Stadium in Miami cost $35,000 each for the Super Bowl on Sunday.
The most expensive seats when the Kansas City Chiefs play the San Francisco 49ers in Super Bowl LIV at Hard Rock Stadium in Miami on Sunday are being sold for as much as $35,000.
For that money, you don’t get bleacher-style seats — these seats are living room-recliner style seats in the first section of seats on the field.
In 2019, the most expensive Super Bowl seat at Mercedes-Benz Stadiu
This is the view from most expensive seats at Super Bowl LIV in Miami—and they cost $35,000 each Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-31  Authors: catherine clifford
Keywords: news, cnbc, companies, miamiand, cost, hard, view, expensive, courtesy, miami, stadium, location, 35000, living, super, liv, bowl, seats, rock


This is the view from most expensive seats at Super Bowl LIV in Miami—and they cost $35,000 each

The living room box seats in the Hard Rock Stadium in Miami cost $35,000 each for the Super Bowl on Sunday.

The most expensive seats when the Kansas City Chiefs play the San Francisco 49ers in Super Bowl LIV at Hard Rock Stadium in Miami on Sunday are being sold for as much as $35,000. For that money, you don’t get bleacher-style seats — these seats are living room-recliner style seats in the first section of seats on the field. But despite being so close to they action, the seats also face individual television screens for re-plays and close up shots. (The view from Hard Rock Stadium’s living room box seats can be seen in the photo above.) The $35,000 seats are part of the “72 Club,” a premium seating section of the Hard Rock Stadium, on the 50-yard-line on the Kansas City Chiefs’ side of the field. The club includes areas for eating, drinking and relaxing.

The living room box seats at the Hard Rock Stadium in Miami, Fla. Photo credit Miami Dolphins Hard Rock Stadium

The “72 Club” can be seen in the map of the stadium below. Map of stadium courtesy of Ticketmaster The seats are part of what’s called the “On the Fifty” package and range from $19,500 to $35,000 per seat. (On Location Experiences sells the “On the Fifty” exclusively as an official partner of the NFL.)

The living room box seats at the Hard Rock Stadium in Miami are in the outside sections of the seating facing the viewer in this photograph. Photo courtesy Miami Dolphins and Hard Rock Stadium

“On the Fifty” also comes with a dedicated stadium entrance, a pregame party, food catered by Miami restaurants, beverages including alcohol and access to speak with and take photos with a handful of football legends, including former Miami Dolphins quarterback Dan Marino.

Inside the “72 Club” during a game at the Hard Rock Stadium in Miami. Photo courtesy Hard Rock Stadium Miami Dolphins

The package also comes with the opportunity to go onto the field after the game as the Lombardi trophy is presented. These expensive seats had completely sold out by Friday, and the packages are never discounted, a spokesperson for On Location Experiences told CNBC Make It. Generally, buyers of five-figure luxury seats are either corporate buyers who want to entertain clients and buy ticket blocks as the seats go on sale in summer, or ultra devoted football fans and fans of teams that make it to the Super Bowl, the spokesperson says. In 2019, the most expensive Super Bowl seat at Mercedes-Benz Stadium in Atlanta sold for $17,500, according to On Location Experiences. Here’s the view from the seats in 2019:

The view from the 2019 Super Bowl “On the Fifty” seat sold by On Location Experiences. Photo courtesy On Location Experiences

Fans who buy “On the Fifty” tickets from On Location Experiences had on field access during the Super Bowl in 2019. Photo courtesy On Location Experiences

On Location Experience customers who bought the “On the Fifty” seat package in 2019 were able to go on the field after the game ended and during the Lombardi Trophy ceremony. Photo courtesy On Location Experiences

And a look inside the “On the Fifty” party of 2019:


Company: cnbc, Activity: cnbc, Date: 2020-01-31  Authors: catherine clifford
Keywords: news, cnbc, companies, miamiand, cost, hard, view, expensive, courtesy, miami, stadium, location, 35000, living, super, liv, bowl, seats, rock


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Fugitive ex-Nissan Chairman Carlos Ghosn warns foreign CEOs in Japan: ‘You’re playing with your life’

Three weeks after he escaped from Japan, former Nissan Chairman and CEO Carlos Ghosn is relishing his newfound freedom and his ability to speak out about the Japanese justice system. Hasan Shaaban | Bloomberg | Getty Images”If you’re a foreigner working in Japan, you have to be very careful, because unless the system changes, you’re playing with your life,” Ghosn told CNBC during an extended interview in Beirut, Lebanon. Ghosn was arrested in Japan in November 2018 for alleged financial miscondu


Three weeks after he escaped from Japan, former Nissan Chairman and CEO Carlos Ghosn is relishing his newfound freedom and his ability to speak out about the Japanese justice system.
Hasan Shaaban | Bloomberg | Getty Images”If you’re a foreigner working in Japan, you have to be very careful, because unless the system changes, you’re playing with your life,” Ghosn told CNBC during an extended interview in Beirut, Lebanon.
Ghosn was arrested in Japan in November 2018 for alleged financial miscondu
Fugitive ex-Nissan Chairman Carlos Ghosn warns foreign CEOs in Japan: ‘You’re playing with your life’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-27  Authors: phil lebeau meghan reeder, phil lebeau, meghan reeder
Keywords: news, cnbc, companies, life, view, playing, fugitive, chairman, arrest, warns, foreign, nissan, exnissan, lebanon, system, set, youre, istanbul, ghosn, japan


Fugitive ex-Nissan Chairman Carlos Ghosn warns foreign CEOs in Japan: 'You're playing with your life'

Three weeks after he escaped from Japan, former Nissan Chairman and CEO Carlos Ghosn is relishing his newfound freedom and his ability to speak out about the Japanese justice system. He also has a warning for foreign executives in Japan: Watch your back.

Carlos Ghosn, former chief executive officer of Nissan Motor Co. and Renault SA, gestures as he speaks to the media at the Lebanese Press Syndicate in Beirut, Lebanon, on Wednesday, Jan. 8, 2020. Hasan Shaaban | Bloomberg | Getty Images

“If you’re a foreigner working in Japan, you have to be very careful, because unless the system changes, you’re playing with your life,” Ghosn told CNBC during an extended interview in Beirut, Lebanon. Ghosn was arrested in Japan in November 2018 for alleged financial misconduct that included underreporting his compensation to authorities. He reportedly hid inside a musical instrument case and smuggled himself out of Japan last month to avoid criminal prosecution.

Photo provided by Istanbul Police Department shows the case which former chairman of Nissan, Carlos Ghosn hid in while fleeing from Japan , where he was held in house arrest, to Lebanon in Istanbul, Turkey on January 08, 2020. Istanbul Police Department | Anadolu Agency | Getty Images

In the interview, Ghosn said spending more than a year under arrest in Tokyo gave him a sobering view of how some in Japan may view foreign business leaders. “I’m saying get out,” said Ghosn. “If you have the risk of having a problem with your colleague or with your partners, you can be set up, and if you’re set up nobody is gonna save you.” Ghosn said some of the people he promoted while running Nissan went to prosecutors in Japan accusing him of numerous financial crimes, including not disclosing millions in deferred compensation. Since his arrest, Ghosn has vehemently denied the allegations. Now that he’s free, the former titan of the auto industry says he is gathering documents to prove his innocence. He says these documents also show Greg Kelly, an American executive at Nissan who was also arrested in November 2018, is innocent.


Company: cnbc, Activity: cnbc, Date: 2020-01-27  Authors: phil lebeau meghan reeder, phil lebeau, meghan reeder
Keywords: news, cnbc, companies, life, view, playing, fugitive, chairman, arrest, warns, foreign, nissan, exnissan, lebanon, system, set, youre, istanbul, ghosn, japan


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There’s a new biggest bull on Alphabet

(This story is for CNBC PRO subscribers only.) A man takes a photo of new Google products on display during the Google I/O conference at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. Alphabet’s valuation continues to look attractive as margins stabilize and mobile commerce drives ad growth, and investors should buy the stock ahead of the company’s earnings on Feb. 3, KeyBanc said in a note to clients Friday. The firm raised its target on the stock to a street high of $1,769


(This story is for CNBC PRO subscribers only.)
A man takes a photo of new Google products on display during the Google I/O conference at Shoreline Amphitheatre in Mountain View, California on May 7, 2019.
Alphabet’s valuation continues to look attractive as margins stabilize and mobile commerce drives ad growth, and investors should buy the stock ahead of the company’s earnings on Feb. 3, KeyBanc said in a note to clients Friday.
The firm raised its target on the stock to a street high of $1,769
There’s a new biggest bull on Alphabet Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-24  Authors: pippa stevens
Keywords: news, cnbc, companies, takes, google, valuation, stabilize, bull, view, target, stock, trades, alphabet, subscribers, theres, biggest, street


There's a new biggest bull on Alphabet

(This story is for CNBC PRO subscribers only.)

A man takes a photo of new Google products on display during the Google I/O conference at Shoreline Amphitheatre in Mountain View, California on May 7, 2019.

Alphabet’s valuation continues to look attractive as margins stabilize and mobile commerce drives ad growth, and investors should buy the stock ahead of the company’s earnings on Feb. 3, KeyBanc said in a note to clients Friday.

The firm raised its target on the stock to a street high of $1,769, which is 19% above where it currently trades.


Company: cnbc, Activity: cnbc, Date: 2020-01-24  Authors: pippa stevens
Keywords: news, cnbc, companies, takes, google, valuation, stabilize, bull, view, target, stock, trades, alphabet, subscribers, theres, biggest, street


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Here are Thursday’s biggest analyst calls of the day: Tesla, General Electric, Micron & more

Here are the biggest calls on Wall Street on Thursday:UBS said it is sees Tesla as the original equipment manufacturer with the biggest long-term autonomous vehicle opportunity. “We take a more bullish fundamental view on Tesla’s technology and cost lead in hardware & software. We expect Tesla to reach 10% OP margin and generate $3-5bn annual FCF from 2022 onwards, based on known products and capacities. Also, we view Tesla as the original equipment manufacturer with the biggest long-term autono


Here are the biggest calls on Wall Street on Thursday:UBS said it is sees Tesla as the original equipment manufacturer with the biggest long-term autonomous vehicle opportunity.
“We take a more bullish fundamental view on Tesla’s technology and cost lead in hardware & software.
We expect Tesla to reach 10% OP margin and generate $3-5bn annual FCF from 2022 onwards, based on known products and capacities.
Also, we view Tesla as the original equipment manufacturer with the biggest long-term autono
Here are Thursday’s biggest analyst calls of the day: Tesla, General Electric, Micron & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-23  Authors: michael bloom
Keywords: news, cnbc, companies, thursdays, calls, original, longterm, equipment, general, margin, vehicles, view, manufacturer, tesla, biggest, analyst, micron, day, electric


Here are Thursday's biggest analyst calls of the day: Tesla, General Electric, Micron & more

Here are the biggest calls on Wall Street on Thursday:

UBS said it is sees Tesla as the original equipment manufacturer with the biggest long-term autonomous vehicle opportunity.

“We take a more bullish fundamental view on Tesla’s technology and cost lead in hardware & software. We expect Tesla to reach 10% OP margin and generate $3-5bn annual FCF from 2022 onwards, based on known products and capacities. Also, we view Tesla as the original equipment manufacturer with the biggest long-term autonomous vehicles opportunity. We believe this justifies a market cap well above most incumbent OEMs. However, Tesla shares now discount 1.6m vehicles sold in 2025 at 11% OP margin, after doubling in value since Q3 results.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2020-01-23  Authors: michael bloom
Keywords: news, cnbc, companies, thursdays, calls, original, longterm, equipment, general, margin, vehicles, view, manufacturer, tesla, biggest, analyst, micron, day, electric


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American Express earnings, manufacturing gauge, stock update: 3 things to watch for on Friday

Credit card company American Express reports quarterly earnings before the bell on Friday. Analysts polled by FactSet are expecting earnings per share of $2.01, compared to the $2.32 earned in the same quarter last year. Revenue is estimated to come in at $11.37 billion, topping last year’s fourth quarter revenue of $10.47 billion. Nomura Instinet said credit card companies don’t offer enough top-line growth to compensate for their high sensitivity to increases in clients failing to make loan pa


Credit card company American Express reports quarterly earnings before the bell on Friday.
Analysts polled by FactSet are expecting earnings per share of $2.01, compared to the $2.32 earned in the same quarter last year.
Revenue is estimated to come in at $11.37 billion, topping last year’s fourth quarter revenue of $10.47 billion.
Nomura Instinet said credit card companies don’t offer enough top-line growth to compensate for their high sensitivity to increases in clients failing to make loan pa
American Express earnings, manufacturing gauge, stock update: 3 things to watch for on Friday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-23  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, earnings, view, manufacturing, quarter, instinet, american, revenue, stock, card, value, credit, things, update, gauge, watch, express


American Express earnings, manufacturing gauge, stock update: 3 things to watch for on Friday

Here are the most important things to know about Friday before you hit the door.

Credit card company American Express reports quarterly earnings before the bell on Friday. Analysts polled by FactSet are expecting earnings per share of $2.01, compared to the $2.32 earned in the same quarter last year. Revenue is estimated to come in at $11.37 billion, topping last year’s fourth quarter revenue of $10.47 billion.

Nomura Instinet said credit card companies don’t offer enough top-line growth to compensate for their high sensitivity to increases in clients failing to make loan payments.

“Despite our cautiousness, we do see relative value in AXP, which is more spend-centric and likely to outperform peers in the next credit cycle in our view,” Nomura Instinet research analyst Bill Carcache said in a note to clients.

Shares of American Express are up more than 12% in the past three months, on the back of a strong U.S. consumer.


Company: cnbc, Activity: cnbc, Date: 2020-01-23  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, earnings, view, manufacturing, quarter, instinet, american, revenue, stock, card, value, credit, things, update, gauge, watch, express


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Wall Street expects gains for Alphabet and the rest of the $1 trillion gang to slow from here

There are now three U.S. stocks with a market capitalization above $1 trillion – but, judging by the average view on Wall Street, none of these stocks will climb much farther this year. Apple, Microsoft and Alphabet are all now in the $1 trillion club, thanks to the latter joining on Thursday. But the average Wall Street estimate shows an expectation for meager to no returns in the next 12 months, according to FactSet. The consensus view is that Apple will drop 8.2%, Microsoft will rise 3% and A


There are now three U.S. stocks with a market capitalization above $1 trillion – but, judging by the average view on Wall Street, none of these stocks will climb much farther this year.
Apple, Microsoft and Alphabet are all now in the $1 trillion club, thanks to the latter joining on Thursday.
But the average Wall Street estimate shows an expectation for meager to no returns in the next 12 months, according to FactSet.
The consensus view is that Apple will drop 8.2%, Microsoft will rise 3% and A
Wall Street expects gains for Alphabet and the rest of the $1 trillion gang to slow from here Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: michael sheetz
Keywords: news, cnbc, companies, slow, microsoft, gang, stocks, alphabet, market, wall, rest, stock, cloud, view, gains, trillion, expects, value, apple, street


Wall Street expects gains for Alphabet and the rest of the $1 trillion gang to slow from here

There are now three U.S. stocks with a market capitalization above $1 trillion – but, judging by the average view on Wall Street, none of these stocks will climb much farther this year.

Apple, Microsoft and Alphabet are all now in the $1 trillion club, thanks to the latter joining on Thursday. But the average Wall Street estimate shows an expectation for meager to no returns in the next 12 months, according to FactSet. The consensus view is that Apple will drop 8.2%, Microsoft will rise 3% and Alphabet will gain 4.5% in the next one year.

Analysts are normally very bullish on most of the stocks they cover. But Wall Street’s more tepid view comes after each of the stocks have had excellent – and in the case of Apple, spectacular – run-ups in the past year. In 12 months, Apple is up 102%, Microsoft is up 57% and Alphabet is up 33%. The strong gains of the tech giants also means they dominate the stock market: Combined with Amazon and Facebook, the five companies now make up 18% of the total market value of the S&P 500, according to Morgan Stanley. That’s unprecedented, as its the highest percentage in history, the firm said.

Apple shares have doubled in value in the past year, putting the stock “at its highest relative multiple in a decade,” Bernstein analyst Toni Sacconaghi said in a Jan. 10 note.

“We see risk-reward on Apple as balanced,” Sacconaghi said.

A few analysts are still bullish on Apple’s prospects this year, such as Morgan Stanley’s Katy Huberty. She thinks the stock is set to climb further, saying “Apple has proven less earnings dependency on iPhone with the success of Services and Wearables which now make up 27% of revenue and 37% of profits.”

Microsoft and Alphabet both have a few optimistic analysts still recommending investors buy shares. Two recent notes – one from Credit Suisse on Microsoft and the other from UBS on Alphabet – both recommended the stocks in part because of the potential of their cloud businesses. Credit Suisse said “Microsoft can reasonably achieve Commercial Cloud revenues of $100 Billion” by fiscal year 2024,” while UBS said cloud computing is “an area where GOOG mgmt will continue heavy levels of investment to maintain/build upon recent end market success.”

– CNBC’s Michael Bloom and Yun Li contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: michael sheetz
Keywords: news, cnbc, companies, slow, microsoft, gang, stocks, alphabet, market, wall, rest, stock, cloud, view, gains, trillion, expects, value, apple, street


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