Here are the biggest calls on Wall Street on Friday: Goldman Sachs initiates TechnipFMC as buy Goldman says the offshore company has “idiosyncratic growth.” “We are initiating coverage on FTI with a Buy rating and $38 price target, implying 23% upside from current levels.” Goldman Sachs upgrades Patterson-UTI Energy to buy from neutral The firm says it sees shareholder returns for the energy company. “For North America exposure, we are upgrading PTEN to Buy given its total of ~11% between shareholder returns and revisions vs North America average of ~7%.” KeyBanc upgrades Salesforce to overweight from sector weight and downgrades…
Author: usaeverydaylife
Atop a newly-completed, 3.5-million-square-foot building that stands on 1,100 acres in the Arizona desert north of Phoenix is a giant logo of a microchip wafer and the letters TSMC. Taiwan Semiconductor Manufacturing Company’s first Arizona chip fabrication plant, or fab, is making history because it’s the most advanced chip fab on U.S. soil, and Apple has committed to being the site’s largest customer. CNBC first visited the fab in 2021, not long after TSMC broke ground. TSMC initially announced the plant would cost $12 billion and pump out 5-nanometer chips by the end of 2024. Three years later, that price tag has…
Dorin Recean, Moldova’s prime minister, speaks during the United Nations General Assembly (UNGA) in New York, US, on Friday, Sept. 27, 2024.Bloomberg | Bloomberg | Getty ImagesMoldova’s parliament on Friday voted to approve a 60-day state of emergency, citing fears of an immediate threat to the security of its citizens ahead of an expected halt in Russian gas flows.Russian gas currently reaches Moldova, a landlocked country in the northeastern corner of Europe’s Balkan region, via its neighbor of Ukraine.However, a gas transit deal between Russia’s Gazprom and Ukraine’s Naftogaz is set to expire on Dec. 31 and Kyiv has repeatedly…
The future is bright for Penn Entertainment , according to JPMorgan. The firm upgraded the online sports betting stock to overweight from neutral and raised its price target to $27 per share from $19. JPMorgan’s forecast implies nearly 35% upside from Thursday’s close. PENN YTD mountain Penn Entertainment stock. “We presently see a favorable risk-reward, with sightline to a bottoming of its regional land-based-casino cashflow generation (easy comparisons helping), with a path to aggregate growth (albeit modest) given $850m worth of 4 capital projects beginning to bear fruit and ultimately generate attractive double-digit cash-on-cash-returns beginning in 2H25 and later into…
FREJUS, FRANCE – 2023/05/03: The mayor of Pau François Bayrou is seen during the funeral of François Léotard. French politician and former Minister of Defense and Culture François Léotard died on April 25 at the age of 81. His funeral takes place in Frejus. (Photo by Laurent Coust/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesFrench President Emmanuel Macron on Friday named Francois Bayrou his new prime minister as political uncertainty is expected to continue to weigh on the country’s administration following the toppling of Michel Barnier’s government last week.Veteran centrist politician Bayrou marks the country’s fourth prime minister…
Goldman Sachs thinks Uber’s risk-to-reward balance is among the most attractive heading into 2025. The bank listed the ride sharing company as a top pick in a Thursday note. Analyst Eric Sheridan has a buy rating and a $96 per share price target on the stock, which implies more than 56% upside from Thursday’s close. “From a stock selection standpoint, we see the most compelling risk/reward in companies that have lagged a robust market environment,” Sheridan said. “Uber is mired in a series of short-term debates (pricing inflation and competition impact on mobility growth) and medium/long term industry concerns (the…
SEC Chair Gary Gensler participates in a meeting of the Financial Stability Oversight Council at the U.S. Treasury in Washington, D.C., July 28, 2023.Kevin Dietsch | etty ImagesThe Securities and Exchange Commission has issued a “settlement demand” to Elon Musk, the tech billionaire disclosed in a social media post on Thursday. The post included a copy of a letter sent by Musk’s attorney, Quinn Emanuel Partner Alex Spiro, to SEC Chair Gary Gensler.The letter said that the federal agency had pressured Musk to agree to a settlement including a fine within 48 hours, or “face charges on numerous counts” regarding…
If you’re new to credit cards, you may be surprised to learn that you can start your credit journey at 18 years old — the minimum age requirement for opening your first card.While financial experts recommend you start building credit as young as possible, not all beginners are the same. Below, CNBC Select rounds up seven (perhaps surprising) tips for newbies no matter how old you are.Compare credit repair companies1. Building credit may require you to make a depositCredit cards work by issuing you a line of credit to use to make purchases. You are then required to repay the…
Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known as the Square Mile. (photo by Mike Kemp/In Pictures via Getty Images)Mike Kemp | In Pictures | Getty ImagesThe U.K. economy contracted unexpectedly in October, according to data from Britain’s Office for National Statistics (ONS).Gross Domestic Product fell by an estimated 0.1% on a monthly…
The AI revolution is “the biggest platform shift since electricity” and, as such, will bring investment opportunities in smaller tech firms that are climbing ever nearer to the Big Tech behemoths, according to one U.K.-based fund manager.”We’re of the firm belief that the winners of this new technology cycle, that really started 18 months, two years ago with the ChatGPT moment [and the] AI revolution, these are not going to be the same winners as the last technology cycle,” Clare Pleydell-Bouverie, co-lead fund manager at Liontrust Asset Management, told CNBC’s Arjun Kharpal last week.”We’re really focused on the opportunities sat…
