Author: businessinvestopedia.com

(This is CNBC Pro’s live coverage of Tuesday’s analyst conference call and Wall Street chatter. Refresh every 20-30 minutes to see the latest posts.) Among the stocks analysts were talking about on Tuesday were luxury car makers and aerospace giants. Bernstein raised its price target on Ferrari to $599 per share, suggesting a 20% upside over the next 12 months. Meanwhile, Wells Fargo downgraded Boeing to Sell. Check out the latest conference call and chatter below. All times ET. 7:01 a.m.: Bank of America and Wells Fargo are currently trading at attractive valuations, according to Deutsche Bank. Deutsche Bank upgraded…

A Tesla Cybertruck stands in front of a graffiti mural in Detroit on August 28, 2024.Michael Weiland / CNBCDetroit – Spaceships. Dream cars. UFOs. Trash. Cool. Ridiculous. Amazing. Disgusting.All of these are Tesla The Cybertruck is currently operating as a rental vehicle around the clock in the Detroit metropolitan area, with strangers, friends, family, auto industry experts and employees weighing in.A word not used often? “Truck”That’s because the Tesla Cybertruck is more “cyber” than “truck.” Sure, it has some truck features, like a pickup truck bed and other practical features, but it’s not a truck in the traditional sense.It’s a…

Reliance Chemotex and eight other companies are expected to be in focus today as they have set the record date of September 4 to determine shareholders eligible for dividend payment.This means that today is the last day to buy shares in these companies to be eligible to receive the dividends they announce.Dividends are paid to shareholders who are listed on the company’s records on the record date. To receive the dividend, you must purchase the company’s shares at least one day before the record date, as the transaction settles the next day. Investors who purchase shares on the ex-dividend date…

China’s housing market will continue to weaken as the government’s series of stimulus and support measures are “insufficient” to support the housing sector, according to economists at JP Morgan.”The housing market crash is not over yet,” Haibin Zhu, JPMorgan’s chief China economist, said on CNBC’s “Squawk Box Asia” on Monday, adding that home prices won’t stabilize until 2025 at the earliest.The average sales price of new homes in 100 Chinese cities rose slightly 0.11 percent from July, slowing from a 0.13 percent increase in June, data from the China Index Research Institute released on Saturday. Second-hand home prices fell 0.71…

Indian Railway Finance Corporation share price 177.543:59 pm | September 2, 2024-1.09(-0.61%)One97 Communications stock price 607.853:59 pm | September 2, 2024-14.05(-2.26%)YES Bank stock price 23.873:59 pm | September 2, 20240.27(1.11%)ITC stock price 510.053:59 pm | September 2, 20248.16(1.63%)HDFC Bank share price 1626.953:59 pm | September 2, 2024-9.96(-0.61%)Tata Motors share price 1092.653:59 pm | September 2, 2024-18.7(-1.69%)Zomato stock price 244.453:59 pm | September 2, 2024-6.09(-2.43%)Adani Enterprises share price 3042.153:59 pm | September 2, 202422.81(0.76%)Infosys stock price 1964.53:59 pm | September 2, 202420.8(1.08%)Reliance Industries stock price 3032.53:59 pm | September 2, 202413.25(0.44%)Adani Power share price 670.23:59 pm | September 2, 202438.16(6.04%)Vedanta stock…

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GE Aerospace should win as Boeing faces manufacturing problems, according to Artisan Partners’ Chris Smith. “GE has a virtual monopoly on the new Leap engine that powers all new narrowbody aircraft,” said the portfolio manager for Artisan’s AnteroPeak Group, which could account for more than 80% of engines flying over the next decade. Delivery delays following a Boeing 737 Max 9 door plug rupture in January have forced airlines to rev up older aircraft, boosting demand for GE products, Smith said. He sees GE as the “premier” industrial stock, but also cited aircraft parts maker TransDigm as a beneficiary. Aerospace…

Markets were mostly calm on Labor Day in the US, with Bitcoin hovering around $58,000. The largest cryptocurrency was trading around $58,600 at the time of writing, up around 1% in 24 hours. The overall digital asset market rose 0.9%, with ETH and SOL up around 1.9% and 0.5%, respectively, according to data from CoinDesk Indices. US-listed exchange-traded funds (ETFs) tracking BTC saw net outflows of $175 million on Friday, their fourth consecutive day of declines. An Ethereum ETF saw zero net inflows or outflows, despite trading volume of $173 million, according to data tracked by SoSoValue.

Rupert Murdoch, chairman emeritus of the media empire News Corporation.Axel/Bauer-Griffin | Filmmagic | Getty ImagesLondon — owned by Rupert Murdoch REA Group The company said on Monday it was considering a takeover bid for the British property portal. Right move Our goal is to create a global digital real estate business.The Australian property information company, owned by Murdoch’s News Corp, said in a statement to the Australian stock market that it was considering a cash-and-share takeover bid for Rightmove but had not yet entered into discussions with the company.Rightmove shares rose 25% in the early trading hours following the announcement.…

SYDNEY, Sept 2 (Reuters) – Asian stock markets got off to a quiet start on Monday as investors prepared for a data-packed week ending with a U.S. jobs report that could determine whether an expected interest rate cut this month will be routine or supersized.Holidays in the US and Canada reduced liquidity, while victories by far-right parties in German state elections brought renewed political uncertainty. The dollar held on to Friday’s gains after markets scaled back the possibility of a half-point monetary easing from the Federal Reserve following the upbeat spending data.Futures are pricing in a 100% chance of a…