Prashant Patel
@prashantcnbc.cnbc.com
CNBC Executive Producer "Squawk on the Street", Liverpool FC fan
COMMODITIES
Gold settles at 12th record YTD
Copper hits fresh high back to May
WTI Crude, Brent , RBOB hit highest levels since early March
Sugar hits highest level since Feb 6th
Wheat hits highest level since Feb 27th
Gold settles at 12th record YTD
Copper hits fresh high back to May
WTI Crude, Brent , RBOB hit highest levels since early March
Sugar hits highest level since Feb 6th
Wheat hits highest level since Feb 27th
March 17, 2025 at 10:06 PM
COMMODITIES
Gold settles at 12th record YTD
Copper hits fresh high back to May
WTI Crude, Brent , RBOB hit highest levels since early March
Sugar hits highest level since Feb 6th
Wheat hits highest level since Feb 27th
Gold settles at 12th record YTD
Copper hits fresh high back to May
WTI Crude, Brent , RBOB hit highest levels since early March
Sugar hits highest level since Feb 6th
Wheat hits highest level since Feb 27th
Intel posted a 4-day gain for the first time since November 2nd, 1987, when Intel rallied 38.3%, according to Dow Jones Market Data.
@INTC stock has rallied 27.4% in the past four days
@INTC stock has rallied 27.4% in the past four days
March 17, 2025 at 10:05 PM
Intel posted a 4-day gain for the first time since November 2nd, 1987, when Intel rallied 38.3%, according to Dow Jones Market Data.
@INTC stock has rallied 27.4% in the past four days
@INTC stock has rallied 27.4% in the past four days
MORGAN STANLEY: TikTok Goes the Clock...Who Stands to Benefit?
With a potential TikTok ban looming, we update advertising/ engagement beneficiaries. META cleanest beneficiary, watch what gets priced in SNAP and don't under-appreciate potential RDDT/APP time/ad dollar gains
With a potential TikTok ban looming, we update advertising/ engagement beneficiaries. META cleanest beneficiary, watch what gets priced in SNAP and don't under-appreciate potential RDDT/APP time/ad dollar gains
January 15, 2025 at 1:25 PM
MORGAN STANLEY: TikTok Goes the Clock...Who Stands to Benefit?
With a potential TikTok ban looming, we update advertising/ engagement beneficiaries. META cleanest beneficiary, watch what gets priced in SNAP and don't under-appreciate potential RDDT/APP time/ad dollar gains
With a potential TikTok ban looming, we update advertising/ engagement beneficiaries. META cleanest beneficiary, watch what gets priced in SNAP and don't under-appreciate potential RDDT/APP time/ad dollar gains
Planet Fitness named top pick at Jefferies, $150 PT
Meta named top 2025 pick at Deutsche Bank
Reddit named top 2025 pick at Deutsche
Spotify named top 2025 pick at Deutsche
Netflix price target raised to $1000 at BMO, outperform
Tesla price target raised to $325 from $270 at Barclays, neutral
Meta named top 2025 pick at Deutsche Bank
Reddit named top 2025 pick at Deutsche
Spotify named top 2025 pick at Deutsche
Netflix price target raised to $1000 at BMO, outperform
Tesla price target raised to $325 from $270 at Barclays, neutral
January 15, 2025 at 1:24 PM
Planet Fitness named top pick at Jefferies, $150 PT
Meta named top 2025 pick at Deutsche Bank
Reddit named top 2025 pick at Deutsche
Spotify named top 2025 pick at Deutsche
Netflix price target raised to $1000 at BMO, outperform
Tesla price target raised to $325 from $270 at Barclays, neutral
Meta named top 2025 pick at Deutsche Bank
Reddit named top 2025 pick at Deutsche
Spotify named top 2025 pick at Deutsche
Netflix price target raised to $1000 at BMO, outperform
Tesla price target raised to $325 from $270 at Barclays, neutral
Apollo's Torsten Slok:
Investors are extremely bullish on the stock market, and a record-high share think that there is less than 10% probability of a crash over the coming six months
Investors are extremely bullish on the stock market, and a record-high share think that there is less than 10% probability of a crash over the coming six months
December 18, 2024 at 2:02 PM
Apollo's Torsten Slok:
Investors are extremely bullish on the stock market, and a record-high share think that there is less than 10% probability of a crash over the coming six months
Investors are extremely bullish on the stock market, and a record-high share think that there is less than 10% probability of a crash over the coming six months
Goldman: China Economic Outlook
We assume 20% additional US tariffs on Chinese goods in 2025
While our 2025 growth forecast (4.5%) is in line with the consensus, we expect a prolonged reflation path (CPI 0.8%; PPI 0.0% in 2025)
We assume 20% additional US tariffs on Chinese goods in 2025
While our 2025 growth forecast (4.5%) is in line with the consensus, we expect a prolonged reflation path (CPI 0.8%; PPI 0.0% in 2025)
December 18, 2024 at 12:49 PM
Goldman: China Economic Outlook
We assume 20% additional US tariffs on Chinese goods in 2025
While our 2025 growth forecast (4.5%) is in line with the consensus, we expect a prolonged reflation path (CPI 0.8%; PPI 0.0% in 2025)
We assume 20% additional US tariffs on Chinese goods in 2025
While our 2025 growth forecast (4.5%) is in line with the consensus, we expect a prolonged reflation path (CPI 0.8%; PPI 0.0% in 2025)
Morgan Stanley swaps its top entertainment pick headed into 2025 from Spotify to Disney, keeps Overweight rating and $125 price target
“Disney has the greatest potential to join the distribution is king group as a content distribution leader"
“Disney has the greatest potential to join the distribution is king group as a content distribution leader"
December 18, 2024 at 12:45 PM
Morgan Stanley swaps its top entertainment pick headed into 2025 from Spotify to Disney, keeps Overweight rating and $125 price target
“Disney has the greatest potential to join the distribution is king group as a content distribution leader"
“Disney has the greatest potential to join the distribution is king group as a content distribution leader"
Amazon price target raised to $265 from $235, named ‘2025 Best Idea’ at Bernstein, keeps Outperform
“Durable cloud winner well-positioned to compete in AI + Share-taker in digital ads space + Continued retail operating margin inflection”
“Durable cloud winner well-positioned to compete in AI + Share-taker in digital ads space + Continued retail operating margin inflection”
December 18, 2024 at 12:41 PM
Amazon price target raised to $265 from $235, named ‘2025 Best Idea’ at Bernstein, keeps Outperform
“Durable cloud winner well-positioned to compete in AI + Share-taker in digital ads space + Continued retail operating margin inflection”
“Durable cloud winner well-positioned to compete in AI + Share-taker in digital ads space + Continued retail operating margin inflection”
Dow down for 8 straight trading days; down 1296.56 points or 2.88% over that period; Down 10 of the past 11 trading days
Monday was the S&P 500's 11th straight day of negative breadth. It's the longest such streak on record, based on data going back to 1999. (Dow Jones Market Data via Barron's)
Monday was the S&P 500's 11th straight day of negative breadth. It's the longest such streak on record, based on data going back to 1999. (Dow Jones Market Data via Barron's)
December 17, 2024 at 12:19 PM
Dow down for 8 straight trading days; down 1296.56 points or 2.88% over that period; Down 10 of the past 11 trading days
Monday was the S&P 500's 11th straight day of negative breadth. It's the longest such streak on record, based on data going back to 1999. (Dow Jones Market Data via Barron's)
Monday was the S&P 500's 11th straight day of negative breadth. It's the longest such streak on record, based on data going back to 1999. (Dow Jones Market Data via Barron's)
BofA Fund Manager Survey
Policy, Risks & Crowds: net 80% expect lower policy rates next 12 months (just 1% expect lower bond yields)…39% say trade war most bearish ‘25 risk, 40% say China growth most bullish risk…#1 most crowded trade remains “long Magnificent 7.”
Policy, Risks & Crowds: net 80% expect lower policy rates next 12 months (just 1% expect lower bond yields)…39% say trade war most bearish ‘25 risk, 40% say China growth most bullish risk…#1 most crowded trade remains “long Magnificent 7.”
December 17, 2024 at 12:11 PM
BofA Fund Manager Survey
Policy, Risks & Crowds: net 80% expect lower policy rates next 12 months (just 1% expect lower bond yields)…39% say trade war most bearish ‘25 risk, 40% say China growth most bullish risk…#1 most crowded trade remains “long Magnificent 7.”
Policy, Risks & Crowds: net 80% expect lower policy rates next 12 months (just 1% expect lower bond yields)…39% say trade war most bearish ‘25 risk, 40% say China growth most bullish risk…#1 most crowded trade remains “long Magnificent 7.”
BofA Fund Manager Survey
Macro: 6/10 say no global recession next 18 months…probability of “soft landing” 60%, “no landing” 33% (8-month high), “hard landing” 6% (6-month low).
Macro: 6/10 say no global recession next 18 months…probability of “soft landing” 60%, “no landing” 33% (8-month high), “hard landing” 6% (6-month low).
December 17, 2024 at 12:10 PM
BofA Fund Manager Survey
Macro: 6/10 say no global recession next 18 months…probability of “soft landing” 60%, “no landing” 33% (8-month high), “hard landing” 6% (6-month low).
Macro: 6/10 say no global recession next 18 months…probability of “soft landing” 60%, “no landing” 33% (8-month high), “hard landing” 6% (6-month low).
BofA Global Fund Manager Survey:
Bottom Line: Dec Global FMS shows super-bullish sentiment…record-low allocation to cash, record-high allocation to US stocks, 3-year high in global risk appetite…driven by ‘Trump 2.0’ US growth optimism & a compliant rate-cutting Fed.
Bottom Line: Dec Global FMS shows super-bullish sentiment…record-low allocation to cash, record-high allocation to US stocks, 3-year high in global risk appetite…driven by ‘Trump 2.0’ US growth optimism & a compliant rate-cutting Fed.
December 17, 2024 at 12:09 PM
BofA Global Fund Manager Survey:
Bottom Line: Dec Global FMS shows super-bullish sentiment…record-low allocation to cash, record-high allocation to US stocks, 3-year high in global risk appetite…driven by ‘Trump 2.0’ US growth optimism & a compliant rate-cutting Fed.
Bottom Line: Dec Global FMS shows super-bullish sentiment…record-low allocation to cash, record-high allocation to US stocks, 3-year high in global risk appetite…driven by ‘Trump 2.0’ US growth optimism & a compliant rate-cutting Fed.
Amazon, Google named top 2025 pick at BMO Capital
Toll Brothers named top 2025 pick at Wells Fargo
Block, PayPal named top 2025 pick at Barclays
Planet Fitness named top 2025 pick at Jefferies
December 17, 2024 at 12:06 PM
Amazon, Google named top 2025 pick at BMO Capital
Toll Brothers named top 2025 pick at Wells Fargo
Block, PayPal named top 2025 pick at Barclays
Planet Fitness named top 2025 pick at Jefferies
Tesla: upgraded to Outperform at Mizuho, price target raised to $515 from $230
“new Trump administration policies (consumer EV tax credit repeals) positions TSLA better with lower EV cost structure relative to peers.a loosening regulatory framework position TSLA autonomous segments for upside”
“new Trump administration policies (consumer EV tax credit repeals) positions TSLA better with lower EV cost structure relative to peers.a loosening regulatory framework position TSLA autonomous segments for upside”
December 17, 2024 at 12:04 PM
Tesla: upgraded to Outperform at Mizuho, price target raised to $515 from $230
“new Trump administration policies (consumer EV tax credit repeals) positions TSLA better with lower EV cost structure relative to peers.a loosening regulatory framework position TSLA autonomous segments for upside”
“new Trump administration policies (consumer EV tax credit repeals) positions TSLA better with lower EV cost structure relative to peers.a loosening regulatory framework position TSLA autonomous segments for upside”
Goldman naming UBER a top 2025 pick
December 13, 2024 at 11:33 AM
Goldman naming UBER a top 2025 pick
Morgan Stanley naming AAPL a top pick in 2025
remain bullish on:
1) Apple Intelligence accelerating iPhone replacement cycles starting in FY26
2) Services growth sustaining at double digits
3) gross margins expanding.
remain bullish on:
1) Apple Intelligence accelerating iPhone replacement cycles starting in FY26
2) Services growth sustaining at double digits
3) gross margins expanding.
December 13, 2024 at 11:30 AM
Morgan Stanley naming AAPL a top pick in 2025
remain bullish on:
1) Apple Intelligence accelerating iPhone replacement cycles starting in FY26
2) Services growth sustaining at double digits
3) gross margins expanding.
remain bullish on:
1) Apple Intelligence accelerating iPhone replacement cycles starting in FY26
2) Services growth sustaining at double digits
3) gross margins expanding.
BofA: Crypto $39bn inflow YTD, after record $19bn inflow past 8 weeks
December 13, 2024 at 11:27 AM
BofA: Crypto $39bn inflow YTD, after record $19bn inflow past 8 weeks
PIPER SANDLER 2025 OUTLOOK: R2K TO LEAD THE WAY
The Russell 2000 index has not closed at a new record high in three years, suggesting it is overdue and poised to outperform the SPX in the year ahead.
SPX 2025 YE 6,600
The Russell 2000 index has not closed at a new record high in three years, suggesting it is overdue and poised to outperform the SPX in the year ahead.
SPX 2025 YE 6,600
December 11, 2024 at 11:50 AM
PIPER SANDLER 2025 OUTLOOK: R2K TO LEAD THE WAY
The Russell 2000 index has not closed at a new record high in three years, suggesting it is overdue and poised to outperform the SPX in the year ahead.
SPX 2025 YE 6,600
The Russell 2000 index has not closed at a new record high in three years, suggesting it is overdue and poised to outperform the SPX in the year ahead.
SPX 2025 YE 6,600
FUNDSTRAT’S TOM LEE 2025 OUTLOOK
There are strong tailwinds supportive of stocks in 2025. But we see this as a tale of “two years”
BASE CASE: Equity risk-on first half, S&P 500 7,000. Visibility weakens, YE 2025 at 6,600.
There are strong tailwinds supportive of stocks in 2025. But we see this as a tale of “two years”
BASE CASE: Equity risk-on first half, S&P 500 7,000. Visibility weakens, YE 2025 at 6,600.
December 11, 2024 at 11:49 AM
FUNDSTRAT’S TOM LEE 2025 OUTLOOK
There are strong tailwinds supportive of stocks in 2025. But we see this as a tale of “two years”
BASE CASE: Equity risk-on first half, S&P 500 7,000. Visibility weakens, YE 2025 at 6,600.
There are strong tailwinds supportive of stocks in 2025. But we see this as a tale of “two years”
BASE CASE: Equity risk-on first half, S&P 500 7,000. Visibility weakens, YE 2025 at 6,600.
Netflix price target raised to $1010 from $850 at JPMorgan
“We believe 2025 revenue will be supported by healthy organic & secular growth, ramping Advertising contribution, & price increases. Organic growth remains healthy, w/engagement running at ~2 hours/day/paid membership
“We believe 2025 revenue will be supported by healthy organic & secular growth, ramping Advertising contribution, & price increases. Organic growth remains healthy, w/engagement running at ~2 hours/day/paid membership
December 11, 2024 at 11:27 AM
Netflix price target raised to $1010 from $850 at JPMorgan
“We believe 2025 revenue will be supported by healthy organic & secular growth, ramping Advertising contribution, & price increases. Organic growth remains healthy, w/engagement running at ~2 hours/day/paid membership
“We believe 2025 revenue will be supported by healthy organic & secular growth, ramping Advertising contribution, & price increases. Organic growth remains healthy, w/engagement running at ~2 hours/day/paid membership