Check out the companies making headlines before the bell. Norwegian Cruise Line — Shares of the cruise operator rose 4% on the back of an upgrade from JPMorgan to overweight from neutral. The firm is bullish on the company, citing that its management has indicated no change in booking curves and cancellation rates, or cracks in onboard spend levels. Incyte — The pharmaceutical stock fell more than 14% after the release of phase three trial data for a skin condition treatment. Incyte said that the trials of its drug met the primary endpoints. However, the drug was effective for less…
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It’s time to buy the dip on shares of Norwegian Cruise Line , according to JPMorgan. The firm upgraded the cruise line operator to overweight from neutral. Its $30 price target implies more than 56% upside from Friday’s close. Shares have struggled this year, losing more than 25%. However, analyst Matthew Boss said he came out confident in the company’s prospects after meeting with top executives — even as worry grows that consumers are tapped out and tightening their budgets. NCLH YTD mountain Norwegian Cruise Line stock in 2025. “The definitive message from management was zero detectable change in demand…
On January 22, Andrew Nettels spent the morning onboarding for his Honors Program role with the Department of Justice. Later that day, an email put his future on hold.The third-year law student at George Washington University had his full-time offer with the Department of Justice rescinded due to the federal government’s hiring freeze. He was planning on starting after his graduation in the spring.”At first, I thought it was an error,” Nettels, 25, tells CNBC Make It. “It was several days before I realized it wasn’t.”Nettels is one of many early-career professionals affected by the freeze, confirmed by rescission letters…
As families of victims mourned the loss of loved ones and kept an anxious vigil in hospitals on Monday, the authorities in North Macedonia said they were investigating possible official misconduct in the case of a deadly inferno that killed at least 59 people over the weekend.Officials said that Club Pulse, the nightclub where the fire broke out early Sunday, was operating with an illegally issued license document, and that it lacked proper escape routes. The building’s roof was set ablaze by fireworks used during a concert, officials have said. At least 155 people were injured in the inferno that…
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024.CNBCWarren Buffett’s love for Japanese stocks grows fonder even as he increasingly sells U.S. equities.The 94-year-old investor’s Berkshire Hathaway holding company raised its holdings in five Japanese trading houses — Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo — by more than 1 percentage point each, to stakes ranging from 8.5% to 9.8%, according to a regulatory filing.The “Oracle of Omaha” said in his 2024 annual letter that Berkshire is committed to its Japanese investments for the long term and has reached an agreement with the companies to go…
Here are Monday’s biggest calls on Wall Street: Seaport upgrades Formula One to buy from neutral Seaport said the stock is “oversold” on tariff concerns. “We are back in the F1 cockpit, upgrading our FWONA/K recommendation to Buy from Neutral, with PTs of $91/$96 on FWONA/K.” Morgan Stanley reiterates Nvidia as overweight Morgan Stanley is standing by the stock ahead of its Global AI Conference this week. ” NVDA roadmap is well understood but still see GTC [Global Artificial Conference] as a positive.” Redburn Atlantic Equities initiates Reddit as sell Redburn said consensus is not understanding the “vulnerability of Reddit’s…
Super Bowl ad of Poppi.Source: PoppiPepsiCo said Monday that it is buying prebiotic soda brand Poppi for more than $1.6 billion.The food and beverage giant said it plans to acquire the upstart for $1.95 billion. The deal includes $300 million of anticipated cash tax benefits, making the net purchase price $1.65 billion.Pepsi will also have to make additional payments if Poppi achieves certain performance milestones within a set time frame after the acquisition closes.Pepsi did not say when the deal is expected to close, pending regulatory approval.Poppi’s founders Allison and Stephen Ellsworth launched the brand back in 2018, the same year…
European Commission President Ursula von der Leyen attends a press conference after a European Union leaders’ special summit to discuss Ukraine and European defense, in Brussels, Belgium March 6, 2025.Stephanie Lecocq | ReutersAirbus and over 90 other European companies and lobby groups have called on the European Commission to create a sovereign infrastructure fund to boost public investment and bolster the region’s autonomy in the tech sector.In a March 14 letter addressed to European Commission President Ursula von der Leyen and Executive Vice President Henna Virkkunen, the signatories — which include Dassault Systemes, French cloud services supplier OVHcloud and the…
The Kremlin said on Monday that work was underway to prepare the second phone call between President Vladimir V. Putin and President Trump but refused to disclose what will be on the agenda, as American officials continued to project optimism about a U.S.-backed cease-fire deal with Ukraine.The highly anticipated phone call, scheduled for Tuesday, will be the first known conversation between the two leaders since Mr. Putin laid out numerous conditions for a cease-fire that could delay or derail any truce.Speaking aboard Air Force One on Sunday evening, Mr. Trump said that he expected to discuss territorial issues with Mr.…
Netflix has more room to expand its margins at it pulls ahead of the competition, according to MoffettNathanson. The firm upgraded the streaming giant to buy from neutral and upped its price target to $1,100 per share from $850. MoffettNathanson’s forecast implies about 20% upside ahead from Friday’s close. “We raise our estimates with greater confidence in the margin expansion story,” analyst Robert Fishman said in a note. Fishman asserted that the company has emerged as the winner of the “streaming wars,” adding that Netflix can still find further growth despite its already robust user base. “Despite all of Netflix’s…
