Wells Fargo sees a better setup for Nike going forward. The bank upgraded the sportswear stock to overweight from equal weight. Analyst Ike Boruchow also lifted his price target to $75 from $60, implying a gain of 17% from Wednesday’s close. Boruchow pointed to improve visibility in Nike’s profits and losses, where numbers appear to be bottoming. He raised his earnings forecast for the fiscal years 2026 and 2027. NKE YTD mountain NKE YTD chart Note: Ike Boruchow will be on “The Exchange” at 1 p.m. ET with CNBC’s Contessa Brewer. “NKE has been in a negative revision cycle for…
Author: usaeverydaylife
Whenever the stocks of companies that we think are attractive purely on their underlying business fundamentals start to sell off, we know we want to buy. The question is: When to buy? Valuation is the primary factor to consider. However, in a market sentiment-driven decline like we saw Thursday, valuation isn’t really the focus for sellers; they just want out. When sentiment is driving the trading, we must acknowledge that the price action has as much, or more, to do with irrational behavior as it does with rational, fundamental-based investing. In those environments, the charts can be helpful as they…
Tesla’s Powerwall 2Source: TeslaTesla is recalling around 10,500 units of its Powerwall 2, a backup battery for residential use, according to a U.S. Consumer Product Safety Commission disclosure out Thursday.”The lithium-ion battery cells in certain Powerwall 2 systems can cause the unit to stop functioning during normal use, which can result in overheating and, in some cases, smoke or flame and can cause death or serious injury due to fire and burn hazards,” the CPSC recall notice said.While Elon Musk’s electric vehicle and clean energy company blamed the issue on a “third-party battery cell defect,” it did not name the…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — Some stocks move swiftly, changing direction frequently, darting to and fro, uptrends turn to downtrends turn back to uptrends. Other stocks — pardon the analogy — move more like an oil tanker. These do not change course very often and can be tough to turn. But once they do, you want to be on the right side of the trade. The oil tanker I want to tell you about today is Exxon Mobil (XOM) , arriving…
Elon Musk’s artificial intelligence company xAI is raising $15 billion from investors, sources familiar with the matter told CNBC’s David Faber.Musk later called the news “False” in a post on his social media platform X.The funding adds another $5 billion to the $10 billion round CNBC reported on in September, which valued the startup at $200 billion. Sources told CNBC that a lot of the money in this $15 billion round will fund graphic processing units that underpin large language modelsArtificial intelligence startups have reached sky high valuations in recent months as they raise massive amounts of capital to power seemingly endless demand…
With the market running up so high, investors may need to keep an eye out for companies that don’t having the earnings to justify lofty valuations. The stock market has hit record highs in recent weeks, boosted in part by continued optimism around artificial intelligence. Despite pullbacks in Thursday’s session , the broad S & P 500 has soared more than 15% in 2025, while the technology-heavy Nasdaq Composite has climbed close to 20%. But those big runs can lead to companies having valuations that don’t necessarily line up with their businesses. CNBC Pro screened for names with market caps…
Social Security provides nearly 74 million Americans with a vital source of funding. Nearly two-thirds (63%) of recipients say they rely on their checks for at least half of their personal income, according to the Pew Research Center, and more than a quarter (27%) describe it as their sole source of income.Since 1984, Social Security benefits have been federally taxed on individuals whose income exceeds specific thresholds. But the One Big Beautiful Bill Act has added a $6,000 bonus senior deduction that will substantially reduce how many retirees meet those limits, at least through 2028.Various bills have been introduced to…
The Google corporate logo hangs outside the Google Germany offices on August 31, 2021 in Berlin, Germany.Sean Gallup | Getty Images News | Getty ImagesGoogle said on Thursday said it has disrupted the foreign cybercriminal group behind a massive SMS text phishing operation within 24 hours of filing its lawsuit.”This shut down of Lighthouse’s operations is a win for everyone,” said Google general counsel Halimah DeLaine Prado. “We will continue to hold malicious scammers accountable and protect consumers.”Google filed the suit early Wednesday, seeking to dismantle the organization that some cyber experts have dubbed the “Smishing Triad,” which used a…
Nvidia is one of several stocks reporting earnings next week that has historically outperformed Wall Street’s estimates and seen its stock notch gains on earnings day. On Wednesday, the chipmaker will reveal its top- and bottom-line results for the third quarter. Other companies that will report their quarterly financial results next week include fintech firm Klarna , cybersecurity company Palo Alto Networks and retail giants like Home Depot , Lowe’s and Target . With the next phase of earnings season just around the corner, CNBC Pro looked for companies that frequently post better-than-expected quarterly financial results and often see their…
A college degree is often considered the ticket to a well-paying career, and more than three million new graduates enter the workforce every year banking on that promise.However, this year, those armed with a newly minted diploma have faced one of the toughest job markets in a decade. And next year could be as bad or worse.As the artificial intelligence boom reshapes the workforce at an unprecedented pace, some large employers have said they’re replacing workers with AI in order to streamline operations and cut costs. Concerns about the economy, persistent inflation and a slowdown in consumer spending are also…
