Virgin Galactic‘s leadership expects millions of space tourists will want to fly in the next decade, more demand than can be fulfilled by both Richard Branson’s company or Jeff Bezos’ Blue Origin, its closest competitor. “Ultimately we think this is going to be a capacity constrained market – more people are going to want to
Investing
Amazon founder and CEO Jeff Bezos laughs as he talks to the media while touring the new Amazon Spheres during the grand opening at Amazon’s Seattle headquarters in Seattle, Washington, January 29, 2018. Lindsey Wasson | Reuters A disappointing third quarter earnings report is not enough to deter Wall Street analysts from Amazon. The company
Barclays told clients it’s “still early” to buy the dip on Amazon, as the e-commerce giant’s period of heavy investment could hurt financials and the stock further before things get better. “Historically it’s a good idea to buy AMZN shares in the 7th-8th inning of its investment cycles, closer to where we are coming out,
Democratic presidential candidate, Sen. Elizabeth Warren (D-MA) greets an overflow crowd outside of a town hall event on August 17, 2019 in Aiken, South Carolina. Sean Rayford/Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) It’s been a tough
Tim Cook presents at the Apple launch event in Cupertino, Calif on Sept. 10th, 2019. Source: Apple (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) Here are the best analyst calls on Wall Street this week: Morgan Stanley- Apple, Overweight rating
Dara Khosrowshahi, CEO of Uber Technologies, speaks during an Economic Club of Washington event in Washington, DC, June 11, 2019. Saul Loeb | AFP | Getty Images Here are the biggest calls on Wall Street on Friday: Guggenheim initiated Uber as ‘buy’ Guggenheim said Uber has an underappreciated pricing leverage, among other factors. “1) We
Grim as it may be, backup-generator maker Generac Holdings is soaring as power cuts in California become the norm. The stock opened at a new all-time high on Friday, and is up 85% for the year. This week PG&E announced another large-scale preemptive power cut for hundreds of thousands of customers in California. PG&E is
CNBC’s Jim Cramer said on Friday that Amazon is not in trouble, despite missing on earnings and warning about holiday sales. “It’s a brilliant company,” Cramer said on “Squawk on the Street.” “This stock is a buy by next week, mid-week,” advising investors to wait until the selling clears out before getting in. Shares of
The SpaceX Crew Dragon capsule next to the company’s Falcon 9 rocket in a hangar at Kennedy Space Center, Florida. SpaceX In about a week SpaceX expects to conduct a key test of the capsule it is developing to launch astronauts, as the company looks to show it fixed an issue that caused an empty
Twitter CEO Jack Dorsey speaks during a press event at CES 2019 on January 9, 2019 in Las Vegas, Nevada. David Becker | Getty Images News | Getty Images Payments giant Square is getting into stock trading. The San Francisco-based company will offer users the ability to trade individual stock on its Cash App, for
Ark Investment Management founder and CEO Catherine Wood told CNBC that Thursday’s surge in Tesla stock is just the beginning of an eventual rise to $4,000 per share and possibly beyond. “Some of the shorts are covering” as Tesla shares see their best single-session gain in six years, said Wood, whose firm owns a considerable
Jeffrey Vinik Victor J. Blue | Bloomberg | Getty Images Jeffrey Vinik, the billionaire investor who relaunched his hedge fund earlier this year, is cutting his comeback tour short. “It has been much harder to raise money over the last several months than I anticipated,” Vinik said in a letter dated Wednesday to investors. The
Paul Tudor Jones Leanne Miller | CNBC Presidential hopeful Pete Buttigieg has seen a marked uptick in support following his standout performance earlier this month at the Democratic debate in Ohio. And that includes billionaire investor Paul Tudor Jones. “I love Pete, I love Mayor Pete, because I think he would be the best administrator
Free gondola rides to and from Salesforce Park Source: Saleforce Transit Center In a year plagued by U.S.-China trade tensions where investors piled into “tariff-proof” software stocks like Microsoft and Salesforce, a stunning reversal is occurring. As trade tensions cool-off and a slowing economy forces companies to spend less on software services, these high-flying technology
United Technologies Brendan McDermid | Reuters United Technologies shares rose in trading Tuesday after the top industrials analyst on Wall Street said on CNBC’s “Halftime Report” that he likes the conglomerate’s upside from here. “This is in my view one of the best-of-both-world stocks,” J.P. Morgan analyst Stephen Tusa. Shares of United Technologies were higher
A customer pulls into a McDonald’s restaurant in Shepherdsville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Generally, profits are topping expectations by a large margin this earnings season, but there were some notable misses on Tuesday. Some of the largest and most well-known companies in the U.S. — including McDonald’s, UPS and Lockheed Martin
Biotech stocks surged after Biogen announced plans to revive its Alzheimer’s drug aducanumab. The iShares NASDAQ Biotechnology ETF gained more than 3% at its high on Tuesday — its best daily gain since January 7 — with Biogen powering the ETF higher. Shares of Biogen are up more than 25% and tracking for one of
A woman takes a selfie with a dog Ezequiel Becerra | AFP | Getty Images A company responsible for keeping pets healthy may have just won earnings season. PetMed Express soared more than 30% on Monday after the online pet pharmacy said its quarterly profit topped Wall Street’s estimates. The company reported earnings of 33
Senator Elizabeth Warren (D-MA), a 2020 US Presidential hopeful, speaks during the ‘We The People’ Summit at the Warner Theatre April 1, 2019, in Washington, DC. Brendan Smialowski | AFP | Getty Images One Wall Street economist on Monday warned clients about the tax proposals touted by Democratic presidential hopefuls Elizabeth Warren and Bernie Sanders,
Brendan McDermid | Reuters The Dow Jones Industrial Average is only about 2% from a record high, but confidence is hard to come by when wealthy investors are asked about the future direction for the market. The percentage of the affluent investors who expect a stock market decline to be booked in the fourth quarter