Latest news with #ProTalks
CNBC
28-04-2025
- Business
- CNBC
Truist upgrades Peloton stock, says 'the BS' has been cleaned up
Peloton is finally showing signs of sustained growth after an extended recovery, according to Truist. "Three years+ after we downgraded PTON to Hold from Buy, we believe the stock is finally nearing a point where the company's improving fundamentals should support a gradual recovery of its equity," analyst Youssef Squali wrote in a Monday note. Truist upgraded the fitness equipment stock to buy from hold, and reiterated its $11 per share price target. The firm's forecast calls for nearly 75% upside from Friday's $6.29 close. In premarket trading Monday, shares were up more than 5%. PTON YTD mountain Peloton stock in 2025. The stock was one of the pandemic-era darlings as consumers rushed to purchase Peloton bikes amid lockdown orders. It spent heavily to support the rapid growth only to have demand dry up, forcing CEO changes and layoffs as well as efforts to stave off a cash crunch . The company has producing back-to-back better-than-expected quarterly results in October 2024 and February 2025 . Peloton's fiscal second-quarter results earlier this year saw the company inch closer to profitability, and the analyst expects to see revenue growth return in fiscal 2026. "We believe the stock is finally nearing a point where the company's improving fundamentals should support a gradual recovery of its equity," Squali said. "With the BS cleaned up and [operating expenses] materially reduced to ensure sustained [free cash flow] profitability, we believe the new leadership is refocusing on revenue growth (in FY26, by our est.)." Peloton stock has slipped about 28% in 2025. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today's dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You'll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
CNBC
28-04-2025
- Business
- CNBC
Bank of America upgrades this insurance stock after downgrading it earlier this month
Bank of America has quickly changed its mind on insurance stock Progressive . BofA upgraded Progressive back to buy on Monday, after downgrading the stock to neutral just three weeks ago, and raised its price target to $312 per share from $297. The firm's forecast calls for roughly 18% upside from Friday's $265.01 close. "This is a lot of 12mo upside for what has arguably been the S & P 100 stock with the best risk-adjusted returns over the prior decade," analyst Joshua Shanker said of the upgrade. PGR YTD mountain Progressive stock in 2025. The switch is "an uncommonly short time to reverse a recommendation change," he noted. Shanker attributed the reversal of opinion on Progressive stock to its sharp underperformance of the S & P 500 in the 15 trading sessions between the initial downgrade and upgrade today as well as earnings result that showed a burst in new personal auto customers. Progressive stock slipped 8% over the time period, Shanker noted, which equates to underperforming the S & P 500 by 1,000 basis points, a move that could be overdone. "Progressive is arguably the best operator within its niches of the insurance market with continued opportunity for market share gain and economies of scale growth," the analyst said. Shanker also pointed to Progressive's strong first-quarter results which he said saw the company notch its best March ever on a percentage basis. Progressive stock has ticked up about 10% so far in 2025 and was up 1.8% Monday morning in premarket trade. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today's dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You'll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
Business Mayor
25-04-2025
- Business
- Business Mayor
Trump insists bond market tumult didn't influence tariff pause: 'I wasn't worried'
US President Donald Trump speaks during a bilateral meeting with Prime Minister of Norway Jonas Gahr Store in the Oval Office of the White House in Washington, DC, on April 24, 2025. Saul Loeb | Afp | Getty Images President Donald Trump denied that a strong bond market sell-off influenced his decision earlier this month to hold off on aggressive 'reciprocal' tariffs against U.S. trading partners. 'I wasn't worried,' Trump said in a Time magazine interview during which he was asked about financial market tumult after his April 2 'Liberation Day' announcement. In the decree, Trump slapped 10% across-the-board duties against all U.S. imports and released a list of tariffs against dozens of other nations. The extra levies were based on trade deficits the U.S. had against the respective countries and raised fears about inflation, a potential recession and disruption of long-held trade agreements. Markets recoiled following the release. Treasury yields initially headed lower but quickly snapped higher. The 10-year yield rose half a percentage point in just a few days, one of its quickest moves ever, as investors also ditched stocks and the U.S. dollar. Ultimately, Trump issued a 90-day stay on the reciprocal tariffs to allow time for negotiation. But he said it wasn't because of the market tumult. 'No, it wasn't for that reason,' Trump told Time in the interview from Tuesday that was published Friday. 'I'm doing that until we come up with the numbers that I want to come up with. I've met with a lot of countries. I've talked on the telephone. I don't even want them to come in.' Yields have since moved lower, with the 10-year most recently around 4.28%, about a quarter percentage point higher than its recent low. Trump had said when he made the decision to hold off that the bond market had gotten the 'yips.' 'The bond market was getting the yips, but I wasn't. Because I know what we have,' he said. 'I know what we have, but I also know we won't have it for long if we allowed four more years of the gross incompetence. This thing was just running — it was running as a free spirit. This was — this was the most incompetent president in history.' Though negotiations over tariffs are ongoing, Trump added that he would consider it a 'total victory' even if the U.S. has levies as high as 50% still in place a year from now. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today's dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You'll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited! READ SOURCE
CNBC
25-04-2025
- Business
- CNBC
An options trade to bet the bottom is in for Alphabet after the strong results this week
"Search King" Alphabet , parent company of Google and YouTube, reported stronger-than-expected first-quarter growth, impressively beating on both top and bottom lines. Investors have had to endure significant and a much needed revaluation in Big Tech and I believe the washout is over. I want to own the upside in Google. The shares are still down roughly 20% from recent all-time highs in the face of continued uncertainty on tariffs. I want to use an options spread to define my risk in a bullish view for Google to move back higher towards $200. GOOGL YTD mountain Alphabet, YTD There was also a nice surprise in unrealized gains tucked into the Q1 earnings report. $11.2 billion in "Other Income," up 293% year-over-year, with $8 billion attributed to unrealized gains on "non-marketable equity securities." Bloomberg reported that this gain stemmed from Alphabet's investment in SpaceX, valued at approximately $350 billion in a December 2024 insider share transaction. Overall market price action in the month of April has been historic as the Cboe Volatility Index vaulted over 60 momentarily after uncertainty surround trade tariffs caught investors off guard. 2025 has been a roller coaster for Google too as we saw an all-time high in early February of $207.05 to an acute and a precipitous 32% drop (after trade tariffs were announced) printing a low of $140.53 in April. Jaw dropping volatility for a $2 trillion tech giant. I want to express a bullish opinion but, I also want to try to finance as much of this spread as I can since option premiums are still elevated with the VIX above 25. The Trade Sold the 6/20/2025 $150 GOOGL puts for $2.85 Bought the 6/20/2025 $170 GOOGL calls for $6.25 Sold the 6/20/2025 $190 GOOGL calls for $1.25 This spread will cost an investor $2.15 or $215 per one spread. GOOGL was roughly trading at $165 when this was established An investor has to be willing to own GOOGL at $150 in the event those puts get assigned. Therefore, the downside risk is unlimited if out to a long position when owning GOOGL. The upside maximum is capped out at $17.85 or $1,785 per one lot spread, $20 call spread minus the cost of the spread ($2.15). Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today's dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles, and Dan Ives, with a special edition of Pro Talks with Tom Lee. You'll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited! DISCLOSURES: Long GOOGL and this spread All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
CNBC
25-04-2025
- Business
- CNBC
Buy this aerospace stock that Bank of America says is insulated from tariffs
GE Aerospace is in a league of its own when it comes to navigating tariff concerns, according to Bank of America. "While other companies appear to be caught in a tariff tidal wave, GE's proactive tariff mitigation strategy, market positioning, and operational strength have insulated them, in our view," analyst Ronald Epstein wrote in a Friday note. GE Aerospace makes engines for both Boeing and Airbus planes. BofA reiterated a buy rating on the jet and turboprop engine provider, alongside a $230 per share price target. The firm's forecast implies about 17% upside from Thursday's $197.41 close. GE YTD mountain GE Aerospace stock in 2025. Tariffs have been a lingering headwind for investors for much of April, and have also been responsible for much of the volatility seen on Wall Street. Stocks are still contending with macroeconomic concerns tied to the wide ranging tariffs, although President Donald Trump has tamped down his previously incendiary rhetoric on global trading partners. The analyst noted that GE's full-year outlook includes an expected $500 million cost headwind due to tariffs, which he says is an encouraging sign that the company has both clear visibility into the impact of the duties as well as a plan to offset the hit with cost controls and pricing action. "GE's ability to absorb the tariffs and rising costs without compromising their outlook set the company apart from peers," Epstein said. "While in part we link some of the absorption to general conservatism in the initial outlook – GE was clear, they have the levers and they're being pulled." Some of those additional levers, Epstein said, include utilizing free-trade zones as well as operational improvements. The aerospace industry is heavily reliant on a functioning global supply chain, and has benefited from largely duty free trade for roughly 50 years . GE Aerospace CEO Larry Culp told investors on its Tuesday earnings call that he recently met with Trump to discuss the trade surplus for the U.S. aerospace sector. Shares have advanced nearly 20% in 2025, while the S & P 500 has lost 7%. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today's dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You'll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
