Prashant Patel
@prashantcnbc.cnbc.com
CNBC Executive Producer "Squawk on the Street", Liverpool FC fan
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
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”
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.
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
BofA: Equities over bonds and all eyes on the dollar
In 2025, BofA Research expect faster global economic growth (3.2%), lower inflation (2.6%), and more central bank rate cuts.
We expect good returns in many equity markets
(8-14%), moderate credit gains (6-7%), modest bond upside
In 2025, BofA Research expect faster global economic growth (3.2%), lower inflation (2.6%), and more central bank rate cuts.
We expect good returns in many equity markets
(8-14%), moderate credit gains (6-7%), modest bond upside
December 10, 2024 at 12:46 PM
BofA: Equities over bonds and all eyes on the dollar
In 2025, BofA Research expect faster global economic growth (3.2%), lower inflation (2.6%), and more central bank rate cuts.
We expect good returns in many equity markets
(8-14%), moderate credit gains (6-7%), modest bond upside
In 2025, BofA Research expect faster global economic growth (3.2%), lower inflation (2.6%), and more central bank rate cuts.
We expect good returns in many equity markets
(8-14%), moderate credit gains (6-7%), modest bond upside
Morning sector snapshot
December 2, 2024 at 2:48 PM
Morning sector snapshot
New 52-week highs:
December 2, 2024 at 2:47 PM
New 52-week highs:
BofA: The Santa Claus rally is real and tends to occur over the last five sessions of December and the first two days of January.
Santa rally period: SPX up 79% of the time with an average return of 1.64% (1.43% median) going back to 1928 into 1929.
Santa rally period: SPX up 79% of the time with an average return of 1.64% (1.43% median) going back to 1928 into 1929.
December 2, 2024 at 2:46 PM
BofA: The Santa Claus rally is real and tends to occur over the last five sessions of December and the first two days of January.
Santa rally period: SPX up 79% of the time with an average return of 1.64% (1.43% median) going back to 1928 into 1929.
Santa rally period: SPX up 79% of the time with an average return of 1.64% (1.43% median) going back to 1928 into 1929.
Goldman adding BURL to the conviction buy list, $334 price target
December 2, 2024 at 1:22 PM
Goldman adding BURL to the conviction buy list, $334 price target
Longtime Tesla bear Craig Irwin at Roth KMK upgrades to Buy, increases target to $380 from $85... "It's real, the world has changed, so we are upgrading to Buy”
December 2, 2024 at 1:15 PM
Longtime Tesla bear Craig Irwin at Roth KMK upgrades to Buy, increases target to $380 from $85... "It's real, the world has changed, so we are upgrading to Buy”
S&P sectors at new 52-week highs: Financials, Utilities, Consumer Discretionary, Industrials, Consumer Staples, Real Estate
December 2, 2024 at 12:29 PM
S&P sectors at new 52-week highs: Financials, Utilities, Consumer Discretionary, Industrials, Consumer Staples, Real Estate
Bofa: Online sales data remains strong through Black Friday; AI shopping use increasing
"AI helped drive sales, Salesforce indicated use of AI Online chat services was up 31% y/y, and sites with employing AI services had a 9% increase in conversion rates."
"AI helped drive sales, Salesforce indicated use of AI Online chat services was up 31% y/y, and sites with employing AI services had a 9% increase in conversion rates."
December 2, 2024 at 12:22 PM
Bofa: Online sales data remains strong through Black Friday; AI shopping use increasing
"AI helped drive sales, Salesforce indicated use of AI Online chat services was up 31% y/y, and sites with employing AI services had a 9% increase in conversion rates."
"AI helped drive sales, Salesforce indicated use of AI Online chat services was up 31% y/y, and sites with employing AI services had a 9% increase in conversion rates."
Netflix price target raised to $950 from $775 at Evercore, maintains outperform
"Netflix is in the strongest position financially, fundamentally and competitively that we have ever seen.”
"Netflix is in the strongest position financially, fundamentally and competitively that we have ever seen.”
December 2, 2024 at 12:20 PM
Netflix price target raised to $950 from $775 at Evercore, maintains outperform
"Netflix is in the strongest position financially, fundamentally and competitively that we have ever seen.”
"Netflix is in the strongest position financially, fundamentally and competitively that we have ever seen.”
BofA FLOWS
Flows to Know:
Crypto: largest cumulative 8-week inflow on record ($13.5bn) and accounting for 30% of the total $45bn inflow since 2019
US equities: big inflow ($36.1bn) driving largest 4-week inflow on record ($141bn)
Financials: largest 4-week since Jan’22 ($8.0bn past 4 weeks)
Flows to Know:
Crypto: largest cumulative 8-week inflow on record ($13.5bn) and accounting for 30% of the total $45bn inflow since 2019
US equities: big inflow ($36.1bn) driving largest 4-week inflow on record ($141bn)
Financials: largest 4-week since Jan’22 ($8.0bn past 4 weeks)
December 2, 2024 at 12:19 PM
BofA FLOWS
Flows to Know:
Crypto: largest cumulative 8-week inflow on record ($13.5bn) and accounting for 30% of the total $45bn inflow since 2019
US equities: big inflow ($36.1bn) driving largest 4-week inflow on record ($141bn)
Financials: largest 4-week since Jan’22 ($8.0bn past 4 weeks)
Flows to Know:
Crypto: largest cumulative 8-week inflow on record ($13.5bn) and accounting for 30% of the total $45bn inflow since 2019
US equities: big inflow ($36.1bn) driving largest 4-week inflow on record ($141bn)
Financials: largest 4-week since Jan’22 ($8.0bn past 4 weeks)
Block named new best idea at Bernstein, PT raised to $120 from $90
December 2, 2024 at 12:17 PM
Block named new best idea at Bernstein, PT raised to $120 from $90