Investing

Brian Niccol, CEO of Chipotle Mexican Grill Adam Jeffery | CNBC Here are the biggest calls on Wall Street on Friday: Morgan Stanley downgraded Caterpillar to ‘equal weight’ from ‘overweight’ Morgan Stanley said it sees a “balanced” risk/reward. “We see increasing downside risks to CAT‘s Construction and Energy & Transportation segments. Resources segment and share

There are a number of companies set to report earnings next week, but there are five key names that investors should be focused on since these companies almost always beat the Street, according to data from Bespoke Investment Group. 1. Visa Visa reports fourth quarter earnings on Thursday after the bell, and if history is

Sunrun installer putting up solar electric panels on a residential rooftop in California. Source: Sunrun Hedge fund Tiger Global Management is making a big bet on continued expansion at San-Francisco-based Sunrun, which has grown into the nation’s largest residential solar company. The fund, headed by Julian Robertson protégé Chase Coleman, has been steadily increasing its

Denver money manager Fred Taylor of Northstar Investment Advisors. Source: Northstar Investment Advisors Managing investments in a year fraught with headline risks requires a sound strategy and the conviction to stand by it, but also the flexibility to take advantage of fast-changing market conditions. Denver money manager Fred Taylor has long focused on companies that

Carl Icahn, billionaire activist investor, waits for Donald Trump, president and chief executive of Trump Organization Inc. and 2016 Republican presidential candidate, not pictured, to speak at an election night event in New York, U.S., on Tuesday, April 19, 2016. Victor J. Blue | Bloomberg | Getty Images Billionaire investor Carl Icahn is moving his

Five states hit new lows in unemployment during September, including a couple that could be pivotal in the 2020 presidential election. As the national jobless level fell to 3.5%, a 50-year low, Alabama (3%), California (4%), Illinois (3.9%), New Jersey (3.1%) and South Carolina (2.9%) set all-time bottoms in data that goes back to 1976,

Pimco founder and bond industry legend Bill Gross is done with his previous life running huge investment bonds and making market headlines. But that doesn’t mean he’s done as an investor. Instead, the one-time “bond king” is putting money to work for his own sake rather than running what was once the world’s largest bond

Real estate mogul Barry Sternlicht told CNBC on Friday that while WeWork has had its failures, there’s still a real business to be found at its core. “This company got a little off of the rails,” said Sternlicht, chairman and CEO of investment firm Starwood Capital, which has about $60 billion in assets under management.

David Solomon of Goldman Sachs & Co. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs CEO David Solomon says the bank’s stake in WeWork is still profitable, even after the company suffered a number of valuation cuts and now faces a bailout crisis. “That was an investment we made a number of years ago

Goldman Sachs CEO David Solomon said Thursday that the company is just starting to build out its consumer-facing digital banking offerings. “We’re building for the long term. I feel good about the progress that we’re making,” the Goldman chief said in an interview with CNBC’s Wilfred Frost. “I think we’re in the early stages of

Chesnot | Getty Images Despite the big surge in the stock, Macquarie Research downgraded its rating of Netflix to neutral from outperform on Thursday, saying the streaming service’s latest quarterly results were “comforting, but competition is coming.” “We think it will be hard for Netflix to grow much more in the US, and we suspect

Shares of Bank of America, U.S. Bancorp, PNC and Bank of New York Mellon all ticked higher on Wednesday as the bank’s profits topped Wall Street’s forecasts. But some of the bank’s shares rolled over as executives warned the current lower interest rate environment is likely to hinder bank’s net interest margin growth, a widely-watched

In this photo illustration, an ‘Impossible Whopper’ sits on a table at a Burger King restaurant on April 1, 2019 in Richmond Heights, Missouri. Burger King announced on Monday that it is testing out Impossible Whoppers, made with plant-based patties from Impossible Foods, in 59 locations in and around St. Louis area. Michael Thomas |

Virgin Galactic founder Richard Branson wearing the spacesuit Under Armour made for the space tourism venture’s astronauts. Virgin Galactic NEW YORK – Astronauts, meet athleisure. Under Armour on Wednesday unveiled the spacesuits it is making for people to wear on flights to the edge of space with Richard Branson’s Virgin Galactic. The two companies are

Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on Monday, March 25, 2019, in Cupertino, California. Noah Berger | AFP | Getty Images Goldman Sachs CEO David Solomon called his bank’s rollout of the Apple Card “the most successful credit card launch ever.” This is a developing story. Check

Adam Neumann, CEO of WeWork. Eduardo Munoz | Reuters Goldman Sachs was stung by its bet on WeWork — but not as badly as some analysts had feared. The bank lost about $80 million on its stake in the coworking company in the third quarter, CFO Stephen Scherr told investors Tuesday. While WeWork’s valuation plunged

David Farr, CEO, Emerson Electric Scott Mlyn | CNBC D.E. Shaw, the $50 billion hedge fund that in recent years has engaged in shareholder activism along with its many other disciplines, will make public Tuesday something the market has already known for weeks: It has a more than 1% position in Emerson Electric and is

Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019. Michael Nagle | Bloomberg | Getty Images Shares of SmileDirectClub plummeted more than 13%, on Monday after California Governor

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. Scott Morgan | Reuters David Rolfe, a longtime Berkshire Hathaway shareholder and chief investment officer at Wedgewood Partners, is fed up with

Workers install a Nike logo lamp outside the Wukesong Arena in Beijing, August 28, 2019. Tingshu Wang | Reuters Nike is staying ahead of the headwinds of the retail industry, according to Bank of America. The firm upgraded Nike to neutral from underperform and hiked its price target to $98 from $70, catching up to