Here are some of the tickers on my radar for Tuesday, Oct. 24, taken directly from my reporter's notebook:
- Ingersoll-Rand (IR) upgraded to buy from hold at Stifel, says recent pullback in shares is a good entry point for this high-quality industrial.
- Morgan Stanley says buy DraftKings (DKNG) ahead of earnings next week. MoffettNathanson also upgrades to a buy.
- Seaport starts coverage on 10 companies in the internet sector with seven buy ratings, including Uber (UBER), Pinterest (PINS), Amazon (AMZN) and Meta Platforms (META). Neutral for Alphabet (GOOGL).
- McDonald's (MCD) price target lowered to $315 from $330 at Oppenheimer on reduced target multiple. Says defense stock MCD has not been spared from subdued investor sentiment toward restaurant stocks going into earnings season. Something is wrong here.
- Barclays (BCS) shows the perils of ever buying a banking stock.
- Shopify (SHOP) price target lowered to $62 from $77 at Citi, says "cracks" forming in the U.S. consumer health profile.
- Jacobs (J) price target raised a buck to $150 at Stifel, says infrastructure money coming.
- Sweetgreen (SG) price target lowered to $13 from $16 at Citi.
- Norwegian Cruise Line (NCLH) PT cut to $19 from $22 at Wells Fargo
- Regions Financial (RF) downgraded to hold from buy at UBS, says net interest income, credit and risk management keeping market multiples down.
- American Express (AXP) upgraded to hold from sell at Piper Sandler, says shares now trade at a valuation level "rarely seen" for AXP.
- Halliburton (HAL) misses on revenues but beats on earnings.
- Burlington Stores (BURL) price target lowered to $915 from $220 at Loop Capital.
- PVH (PVH) upgraded to buy from hold at JPMorgan. Analyst sees a favorable risk-reward profitl with a multi-year brand "unlock" underway.
- Monster Beverage (MNST) downgrade at Piper Sandler to hold from buy on slowing growth momentum.
- General Motors (GM) — slightly better. Topped third-quarter expectations but pulled its previously announced guidance dude to the ongoing labor strikes by the United Auto Workers.
- Verizon (VZ) also slightly better, reported third-quarter EPS beat.
- JPMorgan CEO Jamie Dimon remains cautious, says central banks are 100% dead wrong.
- Loops starts Trade Desk (TTD) as a buy, says its one of the best long-term growth opportunities available to technology and media investors.
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Here's a full list of the stocks in Jim's Charitable Trust, the portfolio used by the CNBC Investing Club.
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