The success of one of Kymera Therapeutics’ experimental treatments could mean more upside ahead for the stock, Wells Fargo found. Analyst Derek Archila upgraded shares to overweight from equal weight and upped his price target by $19 to $57, which implies more than 21% upside from Friday’s close. Shares have already significantly outperformed the broader … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Vance Spencer … Read more
Disney just broke some more box office records — signaling a blockbuster comeback that could fuel the company’s revival and its stock price. The news Disney’s animated sequel “Moana 2” became the highest-grossing Thanksgiving weekend release of all time — raking in $225 million domestically from Wednesday to Sunday. That beat the $125 million Disney’s … Read more
One of Canada’s large financial holding companies appears to be an attractive dividend investment opportunity, according to Scotiabank analysts. Power Corporation of Canada , which oversees a portfolio of insurance and wealth management businesses, currently offers investors about 5% dividend yield with the potential for significant growth, according to the investment bank. “We think Power … Read more
Creator Kai Cenat broke the record for the highest subscriber count on Amazon’s Twitch during a nonstop live stream for the entire month of November. Cenat is a 22-year-old streamer who rose to popularity over the past two years with livestreams focused on comedy, gaming and pranks. He completed a so-called subathon on Saturday, streaming … Read more
Wall Street’s fickle pendulum when it comes to the Federal Reserve has swung more decisively toward expectations for a December rate cut. The market-implied probability for a reduction at the December meeting of the Federal Open Market Committee rose to 62.4% on Monday, according to the CME Group’s FedWatch measure of 30-day fed funds futures … Read more
Goldman Sachs has refreshed its lists of top global stock picks for December by adding some and removing others. These stocks are featured in the investment bank’s “Conviction List – Directors’ Cut,” a “curated and active” list of its buy-rated stocks. They are selected by a subcommittee in each region which “collaborate with each sector … Read more
Image of Jaguar Type 00 concept vehicle Jaguar Famed British carmaker Jaguar revealed its new vehicle design direction Monday night with the introduction of an all-electric concept car called “Type 00.” The vehicle, pronounced “Type Zero Zero,” features a minimalistic yet somewhat gaudy design. It is boxy with sleek lights and large wheels, a notably … Read more
The S&P 500 and Nasdaq Composite rose to fresh records on Monday as December’s trading started. Here’s what CNBC is watching going into Tuesday.
There are signs of a recovery in real estate stocks — and the new cycle should continue for several years, according to Janus Henderson. For the first time in more than two years, CBRE’s U.S. real estate transaction volumes appear to have increased, a Nov. 11 report from Janus portfolio managers Greg Kuhl and Danny … Read more