Investing

Here are the biggest calls on Wall Street on Friday: Bank of America said Ford is starting to hit a more “sustainable inflection in earnings.” “We are upgrading our investment rating on Ford from Neutral to Buy, which is predicated on our view that Ford is just starting to hit a more sustainable inflection in

Tesla‘s increasing production rate and active resale market may be hurting the brand’s appeal and diminish demand for its cars, Morgan Stanley said on Friday, in a counter-intuitive note to clients. “Many auto companies make great efforts to maintain and remarket their used vehicles to increase accessibility of the used product to customers who otherwise

The U.S. government on Friday approved the formation of a new Silicon Valley stock exchange following a regulatory criticism late last year. Backed by top Valley figures such as venture capitalist Marc Andreessen, the Long-Term Stock Exchange was born out of concern from the nation’s tech elite who were frustrated that the public market’s focus

Apple shares have slid steadily amid tumultuous U.S. trade negotiations with China, as investors fear CEO Tim Cook’s warning earlier this year about iPhone sales in China may yet come true. Apple’s stock is down more than 7% since President Donald Trump declared he would increased tariffs on $200 billion of Chinese goods to 25%.

President Donald Trump on Friday claimed a victory of sorts in an ongoing trade war with China, asserting that his latest round of import tariffs on Chinese goods will force China to pay “$100 billion” to the U.S. Treasury. Not only is Trump overstating the amount of those payments, he’s apparently unaware of who pays

Occidental Petroleum may have spoiled Chevron‘s plans to acquire oil and gas driller Anadarko Petroleum, but Wall Street is not pronouncing the oil company the loser in the buyout battle. Several analysts are commending Chevron for declining to counter Occidental’s $38 billion bid for Anadarko. Chevron not only walks away with a $1 billion breakup

President Donald Trump’s tariffs hit his voters the hardest, with the top three states most affected by the trade war all places that helped him win the White House. Charts compiled by Torsten Slok, chief economist at Deutsche Bank Securities, show Louisiana is the state most hurt by the tariffs, followed by Alaska and South

One of the biggest investment opportunities over the next decade will be in companies working to delay human death, a market expected to be worth at least $600 billion by 2025, according to one of Wall Street’s major investment banks. Bank of America Merrill Lynch analysts Felix Tran and Haim Israel believe that genome sequencers

Two prominent market voices squared off Wednesday over the future of cryptocurrencies in a debate that ended with a bet over a T-shirt. Economist Nouriel Roubini, who for many years wore the sobriquet “Dr. Doom,” said bitcoin and its peers don’t even deserve to be called “cryptocurrencies.” Investor and former hedge fund manager Michael Novogratz

Chinese President Xi Jinping (R) waves to the press as he walks with US President Donald Trump at the Mar-a-Lago estate in West Palm Beach, Florida, April 7, 2017. Jim Watson | AFP | Getty Images Wall Street analysts covering individual companies are increasingly concerned about the ramifications of a possible China-U.S. trade war on

Ken Griffin speaking at the 2018 Delivering Alpha Conference in New York on July 18th, 2018.  David A. Grogan | CNBC Citadel’s flagship Wellington Fund is up 10% so far this year, a source familiar with the returns told CNBC on Tuesday. The fund was up 3.33% in April, driven by equities, commodities, credit, and

Glenview Capital Management CEO Larry Robbins said Monday that he’s shorting shares of industrial conglomerate 3M. Robbins underscored 3M’s mounting litigation headaches, which span multiple states and center on pollution as a result of its operations. The manager added that, since 2015, 3M’s lawsuits have soared 87 fold and now pose a significant liability to

Adam Jeffery | CNBC Bihua Chen, founder and portfolio manager at Cormorant Asset Management, said on Monday she likes kidney disease drug maker Reata Pharmaceuticals. The kidney drug that Reata is developing called Bardoxolone has “striking efficacy,” the hedge fund manager said from the Sohn Conference in New York. Shares of Reata Pharmaceutical jumped more

Scott Eells | Bloomberg | Getty Images Shares of online real estate and home-related mobile platform Zillow rallied Monday afternoon after Valiant Capital said the stock is one of its portfolio picks. The huge advantage Zillow has here is so much traffic already coming to its site, Valiant President and Founding Partner Chris Hansen said

This chip dip could be your chance to buy. The VanEck Vectors Semiconductor ETF and the iShares PHLX Semiconductor ETF, two of the top exchange-traded funds tracking chipmakers, both lost more than 2% in intraday trading Monday following a hiccup in U.S.-China trade negotiations. The market-cap-weighted ETFs, both of which count Qualcomm and Intel among

Michael Wirth, CEO of Chevron. Adam Jeffery | CNBC Chevron‘s leaders insist the company’s fortunes don’t rely on dealmaking, but the oil major nevertheless has much to lose if it does not prevail in an ongoing battle with Occidental Petroleum to take control of Anadarko Petroleum. Since Occidental first revealed its challenge to Chevron’s $33

Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC  Activist investor Carl Icahn has taken a small stake in Occidental Petroleum, people close to the matter told CNBC on Friday. The company is in the middle of a rare bidding war for Anadarko Petroleum,

Interpublic Group of Companies Inc: “Very inexpensive advertising stock. I’m not gonna say pull the trigger, but it is inexpensive. Cedar Fair LP: “This youngin’ likes yield. So do I. I think it’s good. It’s better, frankly, than Six Flags. “ NextEra Energy Inc: “You’ve got a good one with Nextera. It’s a growth utility.

Dara Khosrowshahi, CEO, Uber  Carlo Allegri | Reuters Here are the biggest calls on Wall Street on Friday. Atlantic Equities initiated Uber as ‘neutral’ Atlantic Equities said Uber’s path to profitability is clearer. “Given the benefits of scale, we prefer Uber, with its market-leading ridehailing position augmented by the fast growing Eats business and freight

A top SpaceX official on Thursday confirmed reports that one of the company’s Crew Dragon capsules was completely lost during testing in April. “Here’s what we can confirm … just prior to when we wanted to fire the SuperDraco, there was an anomaly and the vehicle was destroyed,” SpaceX vice president of mission assurance Hans

Kohl’s Corp.: “Kohl’s is run by the fabulous [CEO] Michelle Goss, who is doing a great job. Heavily shorted stock, that makes no sense. I know the quarter’s not gonna be that great, but I say [buy].” Exxon Mobil: “You’re not going to get hurt with a 4% yield buying Exxon at these prices, but

Wall Street’s coming around on Apple. Shares of the iPhone maker soared more than 6% on Wednesday after reporting earnings the previous evening, topping $1 trillion in market capitalization. Apple beat analysts’ expectations on earnings and revenue for the fiscal second quarter, as well as their outlook for the company’s third quarter. The results empowered

Prologis Inc.: “You’re buying Prologis at the all-time high here. Let’s just stay away. Let this come in for a little. I think rates could go a little bit higher.” Walgreens Boots Alliance Inc.: “I don’t like that stock. I think that the company has kind of lost its way. They have to make some

Technology investor Paul Meeks is putting the brakes on his bullish forecast. Meeks sees investors getting burned by tech stocks, saying the rally has gone too far, too fast. “My issue is not fundamentals,” he said Monday on CNBC’s “Trading Nation ” segment. “It’s more about stretched valuations.” The tech-heavy Nasdaq has surged more than

Entergy Corp.: “Entergy’s terrific. It’s been a big winner. I think it continues to win. I like that company very much.” Novocure Ltd.: “Novocure is a good company. I don’t understand why it’s independent. I think that one of these big drug companies or device companies should just go buy it, ’cause it’s got great

The self-proclaimed biggest bear on Wall Street on Target upgraded the stock on Monday, saying the recent weakness in the stock due to Amazon competition concerns is a buying opportunity. Barclays’ Matthew McClintock upgraded Target to overweight from equal weight and raised his 12-month price target on the retailer to $115 from $85. The new

Bitcoin is back, according to longtime bull Tom Lee. Despite the cryptocurrency’s drop in early Friday trading — a symptom of worries around the legitimacy of another digital currency called tether — it’s going higher, and may even be in a bull market already, Lee tells CNBC. “Last year was a terrible year for crypto,

Chinese stocks have taken investors on a ride this year. Shanghai and Shenzhen have been the best performing global markets this year, with the Shanghai composite index rallying nearly 24% and the Shenzhen Component Index Fund ETF up over 34%. But the Chinese market tanked this week, with the Shanghai index — which was up

Crude oil has snapped its best weekly win streak in four years. The commodity has plummeted 5% since Monday, its first negative week in eight. Losses accelerated on Friday after President Trump said he called on the Organization of Petroleum Exporting Countries to act to bring global oil prices lower. Bill Baruch, president of Blue

The Kroger Co.: “It’s a tough one. I’ll tell you why it’s so tough: because you’re up against Amazon and Walmart and you’re up against Target. It’s too much. Uncle! I’m gonna have to say Uncle when it comes to Kroger. Uncle Kroger. “ Akamai Technologies Inc.: “The comeback continues with Akamai. They’ve got the