Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
Retailers could be in for a jolly jump in holiday sales despite headwinds like the U.S.-China trade war and threat of another economic slowdown.Retailread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
Apple isn't trying to blow our minds with groundbreaking new features on the iPhone 11, but is making lots of little improvements each year, this year focusing on cameras and...Technologyread more
The move is the latest sign of the blurring boundaries between big tech and big finance amid challenges for both industries.Financeread more
Pizza Hut is also talking with Kellogg and other suppliers about the plant-based meat trend.Restaurantsread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
New court filings reveal that Elon Musk's family office spent tens of thousands on a private investigator to dig up details about Thai cave rescue hero Vernon Unsworth, after...Technologyread more
Here are the biggest calls on Wall Street on Monday.
"Tesla is expected to report 1Q19 deliveries in early April... We revise down our total unit forecast by ~10% owing to meager demand and some M3 delivery issues abroad... We also incorporated lower pricing (and hence margins) on a go forward basis. Our PT moves to $210, reiterate Underperform..."
Read more about this here.
J.P. Morgan was impressed with the new company's array of businesses.
"We are initiating coverage of FOX Corporation with an Overweight rating and a December 2019 price target of $46... FOXA has an impressive mix of businesses, including strong cable channels driven by live news and sports, as well as a major broadcast network with a leading local TV footprint... We believe FOXA shares will maintain a premium valuation over the average in our large-cap media universe due to its higher growth profile, implying notable upside to shares from the current level..."
"Adding ORLY to the JPM Analyst Focus List given favorable three consecutive season setup... We are adding ORLY to the JPM Analyst Focus List as growth idea as we believe ORLY is likely to regain the best comp crown in the group after yielding it to AAP in 2H18... Specific to our analysis, on geographically-weighted basis, after a favorable temperature (-3.6 degrees) and snowfall experience (+143 inches across its footprint) in 2018, ORLY ranked first in terms of summer temperature YOY (+1.6 degrees)... Moreover, the 2019 winter saw temperatures only modestly higher (+0.8 degrees, similar to peers) with snow actually up YOY (+129 inches across markets)..."
Susquehanna said the athletic-inspired fashion retailer issued impressive an impressive earnings report.
"Better than expected SSS, operating margin, inventory levels, FY20 outlook, and indications that the City Gear acquisition was a very good idea are proving out have led us to upgrade the stock... Further, strong relationships with major vendors, and initiatives to jumpstart B&M sales are evident... We are raising our FY20/FY21 EPS estimates from $1.76/$1.93 to $1.93/$2.25, and increasing our PT [on HIBB] from $20 to $27..."
Wedbush said Signature is one of the better positioned banks to benefit from lower rates.
"We are adding Signature Bank to the Best Ideas List as we believe it is one of the best positioned banks to benefit from the Fed having become more dovish than the market anticipated in its most recent FOMC meeting last week. Furthermore, Trump's nomination of Stephen Moore on Friday to the Fed board could tilt the board to be even more dovish given Moore has publicly criticized Fed chairman Powell's interest rate policy as being too tight. Fed fund futures are now predicting a 58% probability of a rate cut by year-end 2019..."
Bernstein is nervous about the set-up into the second half and believes both semiconductor companies are more expensive than others in its coverage universe.
"Overall we are growing increasingly nervous about the set-up for the industry into the 2H (with inventories remaining elevated, expectations higher, and valuations less favorable).. Consequently, after the recent run we are taking the opportunity to move to the sidelines on TXN and ADI (more broadly exposed, and more expensive, in our coverage)... We wouldn't talk anyone out of owning either for the long term (and we remain positively biased on the quality of the business franchises and execution) but given the broader set-up we might prefer to put new money to work in other parts of the space with more valuation support...."