Here are Wednesday’s biggest calls on Wall Street: Stifel initiates Penumbra as buy Stifel said it’s bullish on shares of the medical device company. “We also believe PEN is well-positioned as one of few MedTech companies with positive free cash flow and high growth.” HSBC initiates KKR as buy HSBC said the private equity company is well positioned. “We initiate coverage on KKR & Co with a Buy rating and TP of USD148, as we think the market under-appreciates its significant earnings growth prospects.” Bernstein reiterates Apple as outperform Bernstein urged investor calm following concerns about weaker iPhone demand for…
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iPhone 16 ProApple Inc. Apple’s iPhone 16 family of phones will hit shelves on Friday. Ahead of their launch, I’ve spent the past five days been testing the high-end iPhone 16 Pro Max.It’s a great phone with cool updates like a dedicated camera button, and it charges faster over MagSafe than earlier Pro models. The screens are also slightly larger than prior versions.But this review is tricky, because one of the banner features Apple has been hyping — on stage and in its new ads — is Apple Intelligence. It’s Apple’s suite of AI features for the iPhone, and it’s not…
Commuters outside the Bank of England (BOE) in the City of London, UK, on Monday, Sept. 16, 2024. The central bank’s Monetary Policy Committee’s interest rate decision is scheduled for release on Sept. 19. Bloomberg | Bloomberg | Getty ImagesLONDON — With traders preparing for the double impact of monetary policy decisions by both the Federal Reserve and the Bank of England, economists told CNBC that a “jumbo” rate cut by the former won’t deter the latter from a rate hold this week.Markets suggest a more than 60% probability of the Fed opting for a 50 basis point cut — rather…
Former US President Donald Trump speaks at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. Bloomberg | Bloomberg | Getty ImagesSINGAPORE — Cryptocurrency insiders downplayed the potential impact of the U.S. presidential election in November on the market here in the Lion City, even though some also said that former President Donald Trump is seen as more crypto-friendly.”Between [Vice President Kamala] Harris and Trump, Trump is certainly the favorite from a cryptocurrency perspective,” Charles Hoskinson, co-founder of the Ethereum blockchain, told CNBC’s “Street Signs Asia” Wednesday, on the sidelines of TOKEN2049 in Singapore, one of the…
Two games into the 2024 NFL season, there’s been some necessary reshuffling with the QB rankings.The initial rankings were essentially a composite look at the way key evaluators viewed the 32 starting quarterbacks. Now, there’s more to balance. The Athletic’s Week 3 QB rankings There are several key considerations when sorting out the rankings, and they’re not all weighted equally. First, how does the QB’s career resume stack up? How high is his ceiling vs. how low is his floor? Someone like Patrick Mahomes, of course, can afford a bad performance or a substandard stretch and maintain his perch atop…
One group of stocks that will shine a bit brighter during the Federal Reserve’s interest rate cutting cycle is the payers of hearty dividends. We have a handful of them in the Club’s portfolio, led by Best Buy . The cycle is all but guaranteed to begin Wednesday with a traditional quarter percentage point reduction or perhaps a larger half-point move . Under either scenario, dividend-paying stocks stand to gain because their quarterly payouts will start to look relatively more attractive than competing options for income-seeking investors. That includes U.S. government bonds and even money market funds and certificate of…
Wittenberg University, a Division III school located in Springfield, Ohio, has canceled all athletic events through Sunday because of security concerns on campus, it said Tuesday. The university did not specify the concerns but said the threats were “ongoing.”The university also announced all classes will be remote for the remainder of the week.On Saturday, Wittenberg canceled all school events for Sunday, including all scheduled athletic events. After reviewing new threats Monday, the school decided to continue with the precautions as it works with law enforcement.“After receiving new threats on Monday, Sept. 16, and in the context of ongoing threats of…
(This is CNBC Pro’s live coverage of Wednesday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A hotel giant and an apparel name were among the stocks being talked about by analysts on Wednesday. Goldman Sachs initiated Marriott International with a buy rating. Meanwhile, Barclays upgraded VF Corp to overweight from neutral. Check out the latest calls and chatter below. All times ET. 5:53 a.m.: Goldman Sachs says buy Marriott A bullish industry outlook may send shares of Marriott higher, according to Goldman Sachs. The firm initiated coverage on the stock with…
At Salesforce’s annual Dreamforce conference in San Francisco, CEO Marc Benioff told CNBC’s Jim Cramer on Tuesday about the real-life use cases for his company’s new artificial intelligence product, “Agentforce,” saying the technology can help overworked medical professionals.”Our doctors and our nurses are just way burnt out after the pandemic,” Benioff said. “We were able to do the scheduling and other aspects of the patient interaction, and we’re going to resolve this doctor burnout issue.”Agentforce is a platform meant to automate certain functions, and Benioff has previously described how it helps clients like ADP, OpenTable, Wyndham and Wiley. For example,…
All these years later, Bjorn Borg is getting another chance to make a proper exit.It didn’t go great the last time around. For those not familiar with one of the more notorious tennis walk-offs, after Borg lost in the U.S. Open final against John McEnroe in 1981 – his third consecutive loss to McEnroe in a Slam final – he grabbed his bag, headed for the tunnel, barely stopped in the locker room as he grabbed his car keys, then headed to the parking lot and drove off, leaving everyone a bit baffled during the trophy ceremony as to why…
