Here are the biggest calls on Wall Street on Wednesday: Morgan Stanley reiterates Costco as overweight The firm says membership card scanner rollouts is a “Netflix moment” for Costco. ” Costco’s ongoing roll-out of membership card scanners at its U.S. clubs could soon deliver a Netflix moment. Our channel checks suggest membership counts at selected Costco locations, following implementation of the scanners, is rising by double digits.” Morgan Stanley reiterates Spotify as overweight Morgan Stanley raised its price target on Spotify to $430 from $400, calling it a top pick. “We remain bullish due to cont’d conviction in 1) Spotify’s…
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The Indian government has approved key sectors under its Carbon Credit Trading Scheme, with a strong focus on renewable energy. The initiative aims to accelerate green hydrogen, offshore wind, and energy storage, aligning with India’s low-carbon transition goals. October 23, 2024. By EI News Network The Bureau of Energy Efficiency (BEE), under the Government of India’s Ministry of Power, has released an Office Memorandum outlining the approved sectors under the Offset Mechanism of the Carbon Credit Trading Scheme (CCTS). The scheme was officially introduced through notification in June 2023, with further amendments in December 2023. The CCTS framework has been…
Investing.com — HubSpot Inc. was provided with a boost Wednesday after analysts at Evercore ISI added the stock to their Tactical Outperform list, citing improving business conditions and a more attractive risk/reward profile. “We believe that the risk/reward associated with HUBS has become more attractive at current levels,” Evercore ISI wrote, raising their price target to $610, which implies 15% upside from current levels. The analysts noted that recent partner surveys suggest stabilization in HubSpot (NYSE:)’s business, with positive signs for pipelines, demand, and customer upgrades. While they do not expect the company’s upcoming Q3 results and Q4 guidance to act…
Knowledge summaryCash might not be appropriate for strategic benchmarks.Privates may not be as illiquid as commonly perceived.In most cases, recent market stress hasn’t translated into fundamental distress.Erika Murphy, CFA is a portfolio manager on a team that manages multi-asset class portfolios on behalf of institutions, including pension plans, and endowments and foundations. Here she shares her insights on three topics she has been asked about during recent conversations.1. Consider allocating cash opportunistically.In our E&F client portfolios, we typically focus the strategic asset allocation around asset classes that can capture a risk premium, such as equities, bonds, and alternatives. We favor…
Boeing (BA) released third quarter earnings on Wednesday morning, highlighting the precarious nature the planemaker finds itself ahead of another momentous event: a labor vote set for later Wednesday. Boeing reported a net loss of $6.17 billion, bringing total losses in 2024 so far to nearly $8 billion. It said operating cash flow was negative-$1.345 billion. The company reported revenue of about $17.8 billion, down about 1% from the same period last year. The figures closely matched the preliminary numbers it released last week. Boeing said its operating cash flow reflected “lower commercial widebody deliveries, as well as unfavorable working…
Key Impact Points: Global reach: SAP and Ambipar’s partnership spans 40 countries, providing comprehensive carbon management solutions. Complete decarbonization journey: SAP’s AI-powered solutions combined with Ambipar’s carbon credit expertise offer seamless management and offsetting of emissions. Carbon credit access: Customers can purchase certified carbon credits via Ambipar’s AMBIFY platform, available on the SAP Store. A New Path to Net Zero SAP SE has teamed up with Ambipar, a global leader in environmental solutions, to launch “Net Zero as a Service.” This collaboration provides customers with advanced tools to manage and offset their carbon emissions, combining SAP’s robust cloud technology with…
Analyst ratings are meant to give investors a pulse on the potential future performance of a stock. Instead of combing through research and data points for hours, investors can get a one-verb takeaway on a stock: buy, hold or sell. But what do these ratings really mean? How do investment analysts evaluate a stock, and — perhaps most importantly — are analysts’ ratings even worth considering? Here’s everything you need to know. Understanding analyst ratings An analyst rating is a recommendation from an investment professional on whether investors should buy, sell or hold a particular stock. Here’s what each rating…
Stellantis’ North American operations are facing a challenging period, with sales significantly declining in the first nine months of 2024. The company’s deliveries have dropped by 17%, falling below the one million mark. While the Ram 1500 and Ram HD series are expected to boost sales in the near future, the outlook remains uncertain. The recent introduction of the 2025 Ram 1500 model year brings significant changes to the lineup. The iconic Hemi V8 and TRX have been discontinued, making way for new powertrain options. The Hurricane twin-turbo inline-six, available in two power outputs, is now the flagship engine. Stellantis…
Despite the growing popularity of smaller, more fuel efficient cars in the early 1970s, the Dodge Charger remained a sought after muscle car. In 1973, close to 62,000 orders were placed for the Charger, with the top of the line SE trim level proving particularly popular. While not cheap, Dodge enthusiasts were willing to pay a premium for this luxurious and powerful model. The hardtop body style was the most popular choice, outselling the coupe by a significant margin. Now, a 1973 Dodge Charger SE has appeared on eBay, offering a unique opportunity for a restoration project. The car has…
By Nidal al-Mughrabi CAIRO (Reuters) -Israeli strikes across Gaza killed 20 people on Wednesday as Israeli forces intensified a siege of northern parts of the Palestinian enclave, surrounding hospitals and refugee shelters, and ordering residents to head south, medics and residents said. The Gaza health ministry and the World Health Organization said they would be unable to start a polio vaccination campaign in northern Gaza as planned because of the intense bombardments, mass displacements and lack of access. Israeli forces began the operation in the north about three weeks ago with the declared aim of preventing Hamas fighters from regrouping.…