Robert Iger, Chairman and CEO at The Walt Disney Company speaks in Laguna Beach, California, October 22, 2019. Mike Blake | Reuters (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Here are some of the best analyst calls on Wall
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Shares of Uber have plunged more than 30% since the ride-hailing company went public in May, but some analysts believe that 2020 is going to be a different story entirely. On Friday Stifel upgraded Uber to a buy rating saying the stock is “turning the corner,” while SunTrust said it’s their “favorite transportation disruptor of
SOPA Images | LightRocket | Getty Images While streaming platform Disney+ is off to a strong start, Wall Street analysts are not shying away from Netflix’s stock. In the week following Disney+’s launch, Netflix app downloads grew 4% year-over-year, Nomura Instinet noted, showing that Disney+ is not having a negative impact on Netflix’s growth potential.
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on October 3, 2019 in New York City. Drew Angerer | Getty Images An unusual trend in the stock market emerged recently as the latest sign that perhaps greed is the driving force behind the rally
Credit Suisse began coverage of Virgin Galactic with an outperform rating on Thursday, saying in an a note titled “The Ultimate Joyride” that the firm sees multiple factors driving the space tourism stock higher. “Our bullish view reflects the near-term monopoly SPCE offers in an industry (commercial space tourism) where public investment opportunities are scarce.
Howard Stern Kevin Mazur | Getty Images Liberty Media CEO Greg Maffei believes the company is well positioned to capitalize on the growing popularity of podcasts and other audio content. Maffei, who joined CNBC’s David Faber from Liberty’s investor day in New York, said that while there is competition for audio content, exclusive agreements should
Chinese deities statue ready for export to China are waiting in Sagyin (“marble”) village located near the white marble Sagyin quarries. White marble is extracted from Sagyin quarries for centuries. Thierry Falise | LightRocket | Getty Images The best-performing stock in the world just lost nearly all its value in the blink of an eye.
Optimism from the CEOs of two of the nation’s biggest retailers, Target and Walmart, show that American consumers are not tightening their belts due to trade tariffs, CNBC’s Jim Cramer said Wednesday. The views expressed by Target CEO Brian Cornell and Walmart CEO Doug McMillon, in CNBC interviews this week, “made me feel terrific,” Cramer
The new movie “Dark Waters” may be about an attorney’s battle against chemical company DuPont, but the film could shine a sharper spotlight on the industry in general, hurting companies like 3M, Bank of America Merrill Lynch said on Wednesday. The film, which hits theaters on Friday and stars Mark Ruffalo, Anne Hathaway and Tim
Target CEO Brian Cornell appears on CNBC after ringing the opening bell at the New York Stock Exchange on the morning of November 28, 2014 in New York City. Getty Images Target is far and away the best performing retail stock of 2019. After reporting third-quarter results on Wednesday that crushed Wall Street’s expectation, Target
NYU Stern professor Aswath Damodaran, known as the “Dean of Valuation” for his company analyses, says that Aramco more or less valued their IPO correctly, but that he still wouldn’t invest because of the inherent limited upside as well as the political risk that surrounds the world’s largest oil company. Valuing the company from three
Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images News | Getty Images Investors may be just too comfortable picking individual stocks, and ignoring the macro risks that could derail the rally and broadly hit all of the market’s stocks. Citigroup strategists, in a note,
FILE – In this Sept. 4, 2011 file photo shows the main plant facility at the Navajo Generating Station, from Lake Powell, in Page, Ariz. Two environmental groups are asking a federal court to set a deadline for the U.S. Environmental Protection Agency to issue mandates for pollution controls at two power plants, including Four
Ajit Pai Brad Quick | CNBC The Federal Communications Commission (FCC) announced on Monday that it will publicly auction off a valuable telecommunications asset, in a move investors viewed as a blow to U.S. satellite communications provider Intelsat. Shares of Intelsat dropped more than 40% in heavy trading volume after FCC Chairman Ajit Pai said
A Kohl’s store in Mount Kisco, New York. Scott Mlyn | CNBC Goldman Sachs believes the U.S. economy is poised to snap back and certain stocks could have the most upside from the economic recovery. Cyclical stocks, those typically tied to economic growth, have led the record-setting rally in the past three months. While the
The world is getting windier, which means a surge in wind-generated power could be coming. A new study led by Princeton University researchers found that from 1978 to 2010 wind speeds decreased by about 2.3% per decade, but that things began to shift in 2010. Between 2010 and 2017 speeds increased roughly 7%, which means
A trader blows bubble gum during the opening bell at the New York Stock Exchange (NYSE) on August 1, 2019, in New York City. Johannes Eisele | AFP | Getty Images As the S&P 500 has broken out of its trading range into record highs, euphoria has been growing — fast. Technicians like Stephen Suttmeier
Uber CEO Dara Khosrowshahi arrives at the New York Stock Exchange as his company makes its initial public offering, Friday, May 10, 2019. Richard Drew | AP Uber’s stock is trading well below the price it debuted at earlier this year but Barclays made the case for how the ridesharing company will soon turn its
Google employees at the tech giant’s headquarters in Mountain View, California, walk off the job to protest the company’s handling of sexual misconduct claims. Mason Trinca | Getty Images News | Getty Images When it comes to investing, the notion that you can make money in the market and feel good about your investments at
Nick Schommer, Janus Henderson Source: Janus Henderson (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) Being a contrarian can make someone seem like a genius or idiotic. For Nick Schommer, it has been the former this year. Schommer manages the Janus