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It was an unsavory day for Chipotle. The stock fell nearly 6% Thursday, to $667.12, after BMO Capital Markets downgraded the fast-casual chain, cutting its price target to $620 from $675 and saying higher pork prices due to global outbreaks of African swine fever could put pressure on margins. The action marked Chipotle’s worst trading day

The front desk of the Amazon office is pictured in New York, May 1, 2019. Carlo Allegri | Reuters Here are the biggest calls on Wall Street on Friday: Piper Jaffray said Amazon shares may be worth $3000 in two years Piper Jaffray said its call was based on “conservative growth and valuation assumptions.” “We

Chinese made jackets are displayed for sale at a Manhattan department store on May 07, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images American retailers are working hard to leverage this Memorial Day weekend to boost sales. Heavyweights like Amazon, Target, Macy’s, and Home Depot all have big promotional

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) ahead of the opening bell, May 8, 2019 in New York City. Drew Angerer | Getty Images One of the biggest Chinese chipmakers is delisting from the New York Stock Exchange amid the trade war, but the company said the

Bukharova | Getty Images One Wall Street strategist is warning that three factors could trigger the stock market’s next sell-off before the end of May and push the major indexes to lows as the summer season gets under way. The combination of mounting recession fears, bets on a more cautious Federal Reserve and a regular

Investment banker Ken Moelis told CNBC on Friday that it’s “almost impossible” to get the boards of U.S. public companies to enter into China deals. The tense Washington-Beijing relations are impacting large-cap stocks, the deal-making powerbroker said on “Squawk on the Street. ” “What you’re seeing in this volatility is a macro risk: China trade

Daniel Loeb Simon Dawson | Bloomberg | Getty Images Daniel Loeb’s Third Point has built a stake in Centene as the health insurer works to complete its previously announced purchase of WellCare Health Plans. While the activist hedge fund confirmed on Friday that it has a financial position in Centene, neither the reason for its

An analyst for a firm with a major investment in Tesla said Friday that recent drastic price-target cuts on the stock by others on Wall Street are missing the big picture. Ark Invest, whose founder predicted on CNBC last year that Tesla could hit $4,000 per share, stands by that call, even as the stock has

Investors trying to get a gauge on the state of U.S.-China trade relations should look at shares of big chipmakers like Qualcomm, Micron Technology and Broadcom, according to Ned Davis Research. The firm points out that Qualcomm had 67% of its 2018 revenue come from China, while Micron saw 57.1% of its sales come from

Customers look at products in an Apple store in Beijing on December 11, 2018. Greg Baker | AFP | Getty Images Huawei is winning over more and more Apple fans in China as the escalated trade tensions stoked “nationalist sentiment,” according to the South China Morning Post. China’s consumers are increasingly favoring their domestic brands

The booster of SpaceX’s Falcon 9 rocket lands on the company’s barge after launching the Spaceflight SSO-A mission. SpaceX Elon Musk’s SpaceX, in a previously secret lawsuit revealed on Wednesday, challenged the Air Force awarding $2.3 billion in rocket development contracts last year to competitors Blue Origin, Northrop Grumman and United Launch Alliance, which is a

Steven Mnuchin, Treasury secretary, arrives at a hotel in Beijing, China, on Thursday, March 28, 2019. Gilles Sabrie | Bloomberg | Getty Images Treasury Secretary Steven Mnuchin said Wednesday that he’s spoken with a top Walmart executive about how retail giant can best position itself and keep prices low amid the growing trade dispute between

Deutsche Bank is standing by its call for a 30% return on the S&P 500 this year, despite increasing global fears over the escalating U.S.-China trade dispute. Binky Chadha — head of asset allocation and chief equity strategist at the firm — told CNBC on Tuesday he is keeping the S&P target at 3,250, which

Dara Khosrowshahi, chief executive officer of Uber Technologies speaks on a webcast during the company’s initial public offering on the floor of the New York Stock Exchange, May 10, 2019. Michael Nagle | Bloomberg | Getty Images Uber is a revolutionary company, but don’t rush to buy the stock, Susquehanna Financial Group said Tuesday. “We

A SpaceX Falcon Heavy rocket, carrying the Arabsat 6A communications satellite, lifts off from the Kennedy Space Center in Cape Canaveral, Florida, April 11, 2019. Thom Baur | Reuters SpaceX has hurtled to the top of the launch industry over the past decade, last year bringing in more revenue than any other rocket company, according

Should President Donald Trump follow through on threats to put tariffs on virtually all Chinese imports to the U.S, it could have a significant impact on the bottom line for American companies. Goldman Sachs estimates that if the president imposes duties on the remaining $300 billion in goods not already targeted, it could lower earnings

Tesla is swerving lower again Friday. Its stock is falling and now down 8% this week after a third fatal crash involving its autopilot function embroiled the electric carmaker in bad press. Those losses added to a 34% slump in 2019, putting it on track to post its worst annual drop ever. Wall Street is

Pershing Square Capital Management CEO Bill Ackman speaks during an event in New York. Jin Lee | Bloomberg | Getty Images Things are looking pretty good for activist investor Bill Ackman. The net asset value of Pershing Square Holdings, Ackman’s publicly traded vehicle, rose 36.9% in the first quarter of 2019 and remains up more

Packages of Beyond Meat Inc. beef crumbles are displayed for a photograph in Tiskilwa, Illinois, U.S., on Tuesday, April 23, 2019. Daniel Acker | Bloomberg | Getty Images A notable short seller is roasting newly public Beyond Meat. Andrew Left of Citron Research took to Twitter Friday afternoon, saying the hype around the plant-based meat

Michael Roman, CEO, 3M Scott Mlyn | CNBC Shares of industrial products maker 3M have been hit hard since the company’s disappointing first-quarter earnings report in April, and J.P. Morgan warned investors on Friday that there is more pain to come. J.P. Morgan analyst Stephen Tusa said in a note that 3M’s “premium valuation is unjustified by

Chinese President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Fred Dufour | AFP | Getty Images On Friday, we had positive news on trade related to delaying tariffs on European auto imports and eliminating steel and aluminum tariffs

Ben Silbermann, co-founder and chief executive officer of Pinterest Inc. Tomohiro Ohsumi | Bloomberg | Getty Images Wall Street analysts are sticking with Pinterest despite a very rocky first earnings report Thursday after the bell. The social media platform posted a much bigger loss than many expected. Most analysts feel the social media company, which

Two of Cisco Systems’ top executives told CNBC that additional U.S. tariffs on Chinese imports would not just harm the San Jose, California-based network equipment maker but American industries as a whole. “If it goes to all China imports it’s not only going to impact us, but it’s going to impact every industry,” Cisco CFO

Alternate crop.) Zion Williamson #1 of the Duke Blue Devils dunks the ball against the Syracuse Orange during their game in the quarterfinal round of the 2019 Men’s ACC Basketball Tournament at Spectrum Center on March 14, 2019 in Charlotte, North Carolina. ( Streeter Lecka | Getty Images Shares of MSG Networks fell more than

President Donald Trump speaks at the 38th Annual National Peace Officers Memorial Service on Capitol Hill in Washington, May 15, 2019. Carlos Barria | Reuters When it comes to his position on the U.S.-China trade dispute, President Donald Trump is still playing the role of a riverboat gambler on a hot streak. Nearly a year

Mark Cuban, billionaire investor and owner of the NBA’s Dallas Mavericks, told CNBC on Tuesday that Uber’s disappointing initial public offering last week was “not a surprise” because the ride-hailing company waited too long to go public, losing the momentum early companies typically have. “It’s not a growth company,” Cuban said in a phone interview

Ethan Brown, founder and CEO of Beyond Meat, prepares to ring the opening bell to celebrate his company’s IPO at the Nasdaq Market site in New York, May 2, 2019. Brendan McDermid | Reuters Shares of Beyond Meat, which makes plant-based meat substitutes, surged more than 14% on Tuesday, adding to their stellar start in

A customer shops as bottles of Coca-Cola Co. brand soda sit on display for sale. Christopher Lee | Bloomberg | Getty Images Morgan Stanley upgraded shares of Coca-Cola on Tuesday, saying the stock is trading at a very attractive valuation based on its history and relative to likely better-than-expected earnings in coming years. The firm

Getty Images With the stock market roiling amid a wave of new barbs between Washington and Beijing, investors are scrambling to figure out where to put money in times of volatility. History shows gold and bonds outperform when fear spreads on Wall Street. Many on traders and investors believe the selling isn’t over yet. Traders

The Dow Jones Industrial Average is on course to close Friday with its worst weekly losses of the year as trade uncertainty continues to spook investors. Matt Maley, equity strategist at Miller Tabak, has some advice for those concerned over these wild market swings. “The old saying people would say [is] “don’t just stand there,