Here are Wednesday’s biggest calls on Wall Street.
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UBS upgrades 3M to buy, says shares can rally more than 40%
3M is poised to see a return to steady growth in the months ahead, according to UBS.
BTIG upgrades this running shoe manufacturer, sees more than 20% upside
On Holding’s gains this year may be picking up speed in 2025, according to investment firm BTIG.
Wednesday’s big stock stories: What’s likely to move the market in the next trading session
The postelection rally took a breather on Tuesday, with the major indexes incurring modest losses. Here’s what CNBC is watching going into Wednesday.
The Federal Reserve is trimming rates, and these higher-yielding assets could be called back soon
Investors may be paid a little more interest for buying brokered CDs with call provisions, but the high-yield bonanza may be coming to an end soon.
Hedge funds performed better under Democratic presidents than Republican ones, history shows
Hedge funds actually generate more alpha when the White House is occupied by a Democrat president than a Republican one, according to HFR.
David Einhorn to speak as the priciest market in decades gets even pricier postelection
Einhorn’s hedge fund returned just 9% in 2024 through the end of the third quarter, compared with the S&P 500′s more than 20% gain.
Likely narrow GOP House majority could put Trump’s tax cuts in jeopardy, says Raymond James
The narrow GOP majority in the House means that it won’t necessarily be easy for President-elect Trump’s tax cuts to get passed, per Raymond James.
This Trump trade is an underappreciated opportunity, says Janus Henderson
The run in up in financial stocks may be overdone, but there is another sector that is set to benefit from the Trump administration, one fund manager says.
Small-cap stocks set to roar even higher, according to the charts
Todd Gordon breaks down the charts on the Russell 2000 index and some individual small-cap stocks.