Charlie Munger calls bitcoin ‘disgusting and contrary to the interests of civilization’

Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway Vice Chairman Charlie Munger’s distain toward bitcoin has only intensified amid the digital asset’s record run this year. “Of course I hate the bitcoin success,” the 97-year-old Munger said during a Q&A session at Berkshire’s annual … Read more

Wall Street analysts pick stocks to cash in on a potential $1 trillion energy opportunity

Technicians inspect the direct air capture system at the Carbon Engineering Ltd. pilot facility in Squamish, British Columbia, Canada, on Monday, Nov. 4, 2019. James MacDonald | Bloomberg | Getty Images Analysts on Wall Street believe a “hidden” investment opportunity in the energy sector could be instrumental as the world attempts to transition away from … Read more

Biden plans to cut greenhouse gas emissions. These stocks will win, says Morgan Stanley

Solar panels on a solar farm. Victor De Schwangerg | Science Photo Library | Getty Images The Biden administration is developing its climate change policies, and a range of companies across sectors will likely benefit as these initiatives unfold, said Morgan Stanley. “As both domestic and global policy continues to evolve, we see a multi-decade … Read more

CLSA, Morgan Stanley bullish on Tata Steel

Mumbai: CLSA sees upside risk to its estimates on and on consensus estimates after the company’s subsidiary Bhushan Steel reported higher-than-expected earnings before interest, taxes, depreciation, and amortisation per tonne. The brokerage, which has a ‘buy’ rating and target price of Rs 950 on Tata Steel, said long products segment also reported strong operating earnings … Read more

These solar stocks are poised for strong earnings results – and analysts say they’re good buys

Peter Cade | Stone | Getty Images Solar companies begin reporting first quarter results next week, and Wall Street analysts say the recent pullback in the sector allows investors to get in on the cheap. “The bar is low (for a change); expect beats in [residential],” Goldman Sachs said in a research note, adding that … Read more

Here are Wednesday’s biggest analyst calls of the day: Amazon, Morgan Stanley, Apple & more

Here are the biggest calls on Wall Street on Source link

Stocks making the biggest moves midday: Simon Property, Cisco, Sunrun & more

Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Check out the companies making headlines in midday trading.  Sunrun — The solar stock popped 10% after Simmons Energy, a division of Piper Sandler, upgraded the stock to overweight from neutral. The firm said in … Read more

Stocks making the biggest moves premarket: Morgan Stanley, Sunrun, Comcast and more

Aaron Newsom, left, an installer for the solar company, Sunrun, and Tim McKibben, a senior installer, prepare solar panels to be installed on the roof of a home in Granada Hills. Mel Melcon | Los Angeles Times | Getty Images Check out the companies making headlines before the bell: Morgan Stanley (MS) — Morgan Stanley … Read more

Bitcoin rallies to all-time high as traders eye Coinbase listing

By Eric Lam and Yakob Peterseil Bitcoin jumped to an all-time high as the mood in cryptocurrencies turned bullish ahead of Coinbase Global Inc.’s listing this week. The token rose as much as 5.5% to $63,246, exceeding the previous peak in March. Cryptocurrency-exposed stocks such as Riot Blockchain Inc. and Marathon Digital Holdings Inc. also … Read more

Morgan Stanley picks 5 China stocks with big upside — and big dividends too

Wuhan Hang Lung square is the 11th shopping mall developed by Hong Kong Hang Lung real estate in mainland of China. Getty Images Morgan Stanley has picked out a list of top China stocks to buy as investors hunt for yield. During the pandemic, many companies cut or deferred dividends, regular cash payouts to shareholders. … Read more