Business
This under-the-radar cloud stock could surge 60% and reach profitability next year, Bank of America says in double upgrade
Take another look at Fastly as the cloud computing firm doubles down on its key strengths, Bank of America said. Analyst Tal Liani double upgraded the stock to buy from underperform, and raised his price objective, saying Fastly could reach profitability by next year on the back of its core technology and new management team. […]
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Bank of America upgrades Ralph Lauren, says apparel stock will differentiate itself in a promotional environment
Buy Ralph Lauren in a challenging retail environment, Bank of America says. Analyst Christopher Nardone upgraded the apparel stock to buy from neutral, and raised his price target, saying the brand can pull away from its peers as retailers deal with a promotional backdrop. “We are upgrading Ralph Lauren (RL) to Buy to reflect our […]
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JPMorgan says Disney can surge 20% this year as streaming losses ease
It’s time for investors to consider buying Disney after the media giant’s latest quarterly results , according to JPMorgan. Analyst Philip Cusick resumed coverage of Disney with an overweight rating, and a December 2023 price target of $135 that implies shares could advance more than 20% through year-end. “While we are cautious on the media […]
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Evercore ISI upgrades Zillow Group, says real estate stock could jump 40% on a ‘rapid recovery’ in the housing market
Zillow Group shares could jump more than 40% from here, according to Evercore ISI. Analyst Mark Mahaney upgraded shares to outperform from in line, and nearly doubled his price target, saying investors should buy Zillow ahead of what could be a “rapid recovery” in the housing market. “We are in significant part making a macro […]
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Morgan Stanley downgrades XPO, says logistics company is a ‘show me story’ after latest quarter
It’s time for investors to move to the sidelines on XPO , according to Morgan Stanley. Analyst Ravi Shanker downgraded shares to equal weight from overweight following what he considered a lackluster quarter for the less-than-truckload (LTL) shipping company. LTL refers to the transportation of smaller freights that often don’t require the use of an […]
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CNBC Daily Open: Oil popped and stocks slumped — it feels like 2022 again for markets
An employee looks out over the petroleum-cracking complex at the Lukoil-Nizhegorodnefteorgsintez oil refinery in Nizhny Novgorod, Russia. Andrey Rudakov | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they […]
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CNBC Daily Open: Oil pops and stocks flop — it feels like 2022 again for markets
Brent Delta Topside oil platform at Seaton Port in the United Kingdom on May 5, 2017. Ian Forsyth | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where […]
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Electric Ram pickup debuts in Super Bowl ad that pokes fun at rivals, sex-drug commercials
Ram’s 2023 Super Bowl ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale late-next year. Screenshot DETROIT – Stellantis will air a 60-second Super Bowl ad for its Ram brand to indirectly take shots at the current all-electric vehicle market, specifically pickup trucks. The commercial, […]
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Rescue hopes dwindle as earthquake death toll passes 28,000
8-year-old Ridvan Cakiroglu rescued by Israeli search and rescue team from rubble of collapsed building 116 hours after earthquakes, on February 10, 2023 in Turkey’s Kahramanmaras. Anadolu Agency | Getty Images As the human death toll topped 28,000, the desperation mounted with each hour that passed for those who hoped to find their relatives alive […]
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Pre-tax vs. Roth 401(k): Deciding which to use for retirement is trickier than you think
Prathanchorruangsak | Istock | Getty Images Whether you’re starting a new job or updating retirement savings goals, you may need to choose between pre-tax or Roth 401(k) contributions — and the choice may be more complex than you think. While pre-tax 401(k) deposits offer an upfront tax break, the funds grow tax-deferred, meaning you’ll owe […]
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