The recent DeepSeek-fueled sell-off in technology stocks has made Nvidia shares ripe for the picking, according to Morgan Stanley. Analyst Joseph Moore reiterated Nvidia as a top pick and repeated an overweight rating on the stock in a Thursday note to clients. His $152 price target on the dominant maker of artificial intelligence chips indicates roughly 22% potential upside ahead for the stock, based on Wednesday’s close. “While sentiment has worsened around potential longer term risks, near term business continues to firm, Blackwell supply visibility continues to build [and] customer desire to spend is clearly on display,” Moore wrote. “We…
Author: usaeverydaylife
Brigade Road (Main Shopping Street), Bangalore, Karnataka, IndiaPeter Adams | Stone | Getty ImagesThis report is from this week’s CNBC’s “Inside India” newsletter, which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.The big storyIndia’s first budget under Prime Minister Narendra Modi’s current government was highly anticipated as the country contends with a slowing economy, depreciating rupee and global macroeconomic headwinds.The government’s message was subtle, yet clear: the middle-income class has to spend more to boost corporate earnings and spur the economy.In…
“This is Steve Tasker, sideline reporter for the Super Bowl 47. If you’re expecting to hear our friend Jim Nantz, it may be a moment before he gets on.”When the audio of Super Bowl XLVII between the San Francisco 49ers and Baltimore Ravens suddenly cut out early in the third quarter on Feb. 3, 2013, the millions watching the CBS broadcast might have suspected something was amiss.When Tasker, assigned to work the 49ers sideline, was the first voice anyone heard, it was confirmed. There was no power in the broadcast booth, elevators and escalators ground to a halt and so…
Andrew Bailey, Governor of the Bank Of England, pauses before the start of the Monetary Policy Report press conference at the Bank Of England on February 6, 2025 in London, England.Kin Cheung – WPA Pool | Getty Images News | Getty ImagesEven if the U.K. is not the “direct recipient” of potential tariffs imposed by the U.S., “it will have an effect,” Bank of England Governor Andrew Bailey said Thursday.If tariffs are announced, their effect on the global economic growth and inflation would need to be looked at, Bailey told CNBC’s Steve Sedgwick.”Now I think that in terms of growth…
Bristol Myers Squibb on Thursday reported better-than-expected quarterly results, but weak guidance for 2025 sent shares lower. Jim Cramer’s faith in the drugmaker is unshaken. Revenue in the fourth quarter rose 8% year over year to $12.34 billion, well ahead of the $11.57 billion consensus, according to analysts’ estimates compiled by LSEG. Adjusted earnings per share (EPS) of $1.67 in the three months ended Dec. 31 topped estimates of $1.46, LSEG data showed. On an annual basis, adjusted EPS declined 1.8%. Bristol Myers Squibb (BMY) Why we own it: The company’s new schizophrenia treatment Cobenfy has immense sales potential, though…
Identifying whether a stock will rise or fall and when that move will happen are not trivial questions. Seasoned professional investors, with reams of data and models, struggle to answer these questions, so a self-directed trader without the same resources may wonder whether they have any means to find an edge. But what if there are investment strategies that don’t require directional judgment? Buy the dips. Sell the rips. Selling a put is an investment strategy in which the seller collects a premium and takes on the risk that they may be compelled to purchase the underlying stock at the…
An Iranian flag flutters on board the Adrian Darya oil tanker, formerly known as Grace 1, off the coast of Gibraltar on August 18, 2019.Johnny Bugeja | AFP | Getty ImagesThe U.S. Treasury Department on Thursday imposed sanctions on an international network, alleging that it has facilitated the shipment of Iranian oil to China.The sanctions target entities and individuals in China, India and the United Arab Emirates as well as several vessels. The network has facilitated the shipment of millions of barrels of Iranian oil worth hundreds of millions of dollars to China, according to the department.The oil was shipped…
The Indian Parliament erupted into an uproar on Thursday over reports that illegal migrants being deported to the country on an American military plane had faced mistreatment, including being shackled during the long intercontinental journey.More than 100 illegal immigrants were returned to India on Wednesday. While deportations are nothing new — India is a big source of unauthorized migration to the United States — most have relied on commercial flights.The use of a military aircraft, along with the claims of mistreatment, appears to have hit a nerve, creating a political headache for Prime Minister Narendra Modi days before he is…
Check out the companies making headlines in premarket trading. Ford — The automaker’s shares dropped more than 5% in premarket trading after the company issued soft 2025 guidance , citing “headwinds related to market factors.” Ford did beat Wall Street’s fourth-quarter expectations, however. Bristol Myers Squibb — Shares pulled back nearly 6% after its full-year outlook missed Wall Street estimates. The biopharmaceutical company expects full-year revenue of roughly $45.5 billion, while analysts surveyed by LSEG were looking for $47.36 billion. Qualcomm — The semiconductor stock declined 5% despite the company reporting better-than-expected quarterly results and forward guidance. Qualcomm earned $3.41…
Roblox shares plunged more than 16% after the gaming platform fell short of Wall Street’s bookings and daily active user estimates.Roblox reported bookings of $1.36 billion for the fourth quarter, versus the $1.37 billion expected by analysts polled by LSEG. Daily active users came in at 85.3 million, reflecting 19% growth from a year ago. However, the figure came up short of a StreetAccount estimate of 88.2 million.The company said it anticipates bookings to range between $5.20 billion and $5.30 billion for 2025, compared to a $5.30 billion FactSet estimate.In an earnings release, CEO and founder David Baszuck said the…
