Deutsche Bank's Bankim Chadha: Here's why the market rally is sustainable
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
33 minutes ago
- Yahoo
Here's What Is Changing With Social Security in 2025
Sixty-nine million Americans rely on social security checks, and that number is only going up. CNBC's senior personal finance correspondent Sharon Epperson joins TODAY to break down what to know about the guaranteed income and what's changing this year. Solve the daily Crossword
Yahoo
an hour ago
- Yahoo
C3 AI downgraded, Capri upgraded: Wall Street's top analyst calls
The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Top 5 Upgrades: Deutsche Bank upgraded Palo Alto Network (PANW) to Buy from Hold with a price target of $220, up from $200. With the stock underperforming the broader cyber space by 15% year-to-date, investor concerns for Palo Alto are overblown, the firm tells investors in a research note. BofA upgraded Lumentum (LITE) to Neutral from Underperform with a price target of $135, up from $78. Lumentum is refocusing back to its best-of-breed optical component roots while prudently managing its lower margin optical transceiver mix under its relatively new CEO, the firm tells investors. JPMorgan upgraded Capri Holdings (CPRI) to Overweight from Neutral with a price target of $30, up from $24, after meeting with the company. Capri highlighted revenue improvement throughout fiscal 2026 and a growth inflection at Michael Kors in fiscal 2027, the firm tells investors in a research note. Barclays upgraded Corteva (CTVA) to Overweight from Equal Weight with a price target of $84, up from $75. The firm sees the company benefiting from solid acreage growth in Latin America. Corteva's cost savings and innovation are boosting its profitability, the firm says. Goldman Sachs double upgraded CACI (CACI) to Buy from Sell with a price target of $544, up from $407. The firm views CACI as the best positioned in the defense space under the Trump administration. Top 5 Downgrades: Oppenheimer downgraded C3 AI (AI) to Perform from Outperform without a price target. The company announced 'extremely weak' preliminary fiscal Q1 results which imply a 35% sequential revenue decline, the firm tells investors in a research note. Keefe Bruyette downgraded Opendoor Technologies (OPEN) to Underperform from Market Perform with a $1 price target after its Q2 earnings miss. High retail interest may continue to support valuation, but the firm is downgrading the shares on expectation of widening losses in the second half of the year, coupled with uncertainty from the strategy pivot to weigh on the shares, which trade near the high end of historical multiples. Jefferies downgraded On Holding (ONON) to Underperform from Hold with a price target of $40, down from $50. The firm believes 2025 will represent the company's peak sales growth rate. Morgan Stanley downgraded Insmed (INSM) to Equal Weight from Overweight with a price target of $126, up from $112. The firm believes Insmed's current valuation largely captures the drug's near-term opportunity. Wells Fargo downgraded Brown & Brown (BRO) to Equal Weight from Overweight with a price target of $101, down from $104. The company's organic growth will be below peers in the near-term given its over-concentration to the south and property, the firm tells investors in a research note. Top 5 Initiations: Argus initiated coverage of O'Reilly Automotive (ORLY) with a Buy rating and $120 price target. The company has a history of growth and profitability, and the firm estimates 9%-10% EPS growth over the next two years, the firm tells investors in a research note. Goldman Sachs initiated coverage of Akamai (AKAM) with a Sell rating and $67 price target, which represents 5% share downside. The firm believes the company will be challenged to grow consistently in each of its segments. Citi initiated coverage of Travelers (TRV) with a Neutral rating and $291 price target as the firm rolled out coverage in North America insurance, expecting pricing and reinvestment tailwinds to ease but for earnings to remain resilient. The firm also started coverage of AIG (AIG), Arthur J. Gallagher (AJG), Everest Group (EG), Hamilton Insurance (HG), Hartford Financial (HIG), Marsh McLennan (MMC), Allstate (ALL), WTW (WTW) and Aon (AON) with Neutral ratings. Citi started Arch Capital (ACGL), Chubb (CB), Progressive (PGR), RenaissanceRe (RNR), Ryan Specialty (RYAN) and Brown & Brown (BRO) with Buy ratings Stephens initiated coverage of QXO (QXO) with an Overweight rating and $29 price target. Following the acquisition of Beacon earlier this year, QXO is now the second largest distributor of roofing and complementary products in North America, notes the firm, which believes shares do not fully reflect the successful execution of M&A and organic growth targets that it views as 'achievable.' BofA initiated coverage of Karat Packaging (KRT) with a Neutral rating and $28 price target. While the firm likes Karat's approach as it has transitioned to focusing on distribution from growing manufacturing, it views the shares as fairly valued. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on PANW: Disclaimer & DisclosureReport an Issue Positive Outlook for Palo Alto Networks Amid Strategic Acquisitions and Strong Cybersecurity Market Palo Alto Networks upgraded to Buy from Hold at Deutsche Bank 2 Top Wall Street Analysts Upgrade Palo Alto Stock (PANW) Ahead of Q4 Earnings Intel CEO meets with Trump, Cardinal Health to acquire Solaris: Morning Buzz Starbucks upgraded, Shopify downgraded: Wall Street's top analyst calls Sign in to access your portfolio
CNBC
2 hours ago
- CNBC
September rate cut odds, Goldman's response to Trump and more in Morning Squawk
It's looking more and more likely that the Federal Reserve will soon start cutting rates, and investors are thrilled. After this week's cooler-than-expected consumer inflation report, Fed funds futures now forecast a nearly 100% chance that the central bank will decrease the borrowing cost at its next policy gathering in September, according to CME's Fed Watch tool. That's good news for traders, who have been waiting with bated breath for a cut since late last year. Small-cap stocks — which are seen as beneficiaries of a lower-rate environment — rallied in Wednesday's session as a result. The good vibes didn't stop there: The S&P 500 and Nasdaq Composite also notched new all-time closing highs for a second day in a row. Investors will get more inflation data Thursday morning, with July's producer price index due in at 8:30 a.m. ET. Follow live market updates here. Speaking of the Fed, CNBC's Steve Liesman on Wednesday reported that President Donald Trump is now considering 11 candidates to succeed Jerome Powell after the Fed chief's term expires next year. Those names, according to two administration officials, include outsiders David Zervos, chief market strategist at Jefferies, and Rick Rieder, chief investment officer for global fixed income at BlackRock. Fed Governors Michelle Bowman and Chris Waller, who advocated for rate cuts at the central bank's last meeting, are also in the running. Prediction markets warmed up to the idea of Zervos taking the role following CNBC's report, with his odds on Kalshi shooting higher Wednesday. While analysts aren't taking Perplexity AI's bid for Google's Chrome browser very seriously, the offer put a spotlight on Alphabet's sprawling assets as it waits to see if a judge will order a breakup of its businesses. After a federal judge ruled last year that Google has held a monopoly in search and text advertising, the Department of Justice indicated that it was considering a breakup of Google as a remedy. Ahead of the looming decision, CNBC broke down how some analysts value the tech giant's non-search assets, which include Chrome, YouTube and Waymo. Goldman Sachs is sticking by its economic analysis, despite taking heat from Trump. The president on Tuesday told the bank's CEO David Solomon to fire his chief economist over a tariff forecast, but Goldman economist David Mericle doubled down on the bank's analysis on Wednesday. Mericle told CNBC that Goldman is confident consumers will bear the brunt of cost hikes from Trump's tariffs. By the fall, he said, everyday Americans can expect to feel two-thirds of the impact of the president's levies. While Goldman Sachs may be the one receiving criticism from the president, it isn't alone in its forecast. Several other economists are also predicting that Trump's tariffs will push inflation higher. Eastman Kodak is simultaneously juggling two vastly different truths. First, the camera company is benefitting from a revival of film, powered by Gen Z consumers who are looking for more unique and retro-looking photos than what their smartphones can capture. But despite that cultural tailwind, that the 133-year-old photography company is grappling with serious financial challenges tied in part to debt. As CNBC's Laya Neelakandan reports, that's left the business saying it is planning to make significant changes in the face of doubt about its ability to keep operations going. —
