City Sandler Financial News

(Updated — January 4, 2024 12:10 PM EST)

(Reuters) — Apple (NASDAQ:AAPL) fell further on Thursday, losing about $176 billion since the start of the year, after Piper Sandler became the second brokerage this week to downgrade the stock on worries of tepid demand for its products, including the iPhone.

Apple Inc. was already the least-loved big tech stock on Wall Street. Growing concerns over iPhone sales have now triggered a second downgrade this week, cementing analysts’ cautious approach.

AMFI stock reshuffle: Jio Financial gets large-cap tag, Tata Tech moves to mid-cap; check stock movements in mutual fund “We are concerned about handset inventories," Kumar said in a note, lowering his recommendation for Apple to neutral from overweight after holding a bullish view since March 2020. “Growth rates have peaked for unit sales," Kumar was quoted as saying by Bloomberg.

Apple (NASDAQ:AAPL) shares are down 4.3% in the first trading week of 2024 after Barclays cut the tech giant's rating, citing weak demand for iPhone 15.

Dwayne Johnson's "Red One" is scheduled to make its global theatrical debut on November 15, 2024. The enigmatic Christmas film is produced by Seven Bucks Productions and penned by screenwriter Chris Morgan. Crafted as an epic holiday action comedy under the Amazon MGM Studios banner, «Red One» is based on an original storyline conceptualized by Hiram Garcia, the President of Production at Seven Bucks Productions. The movie is directed by Jake Kasdan, with Morgan contributing to the script.

ChatGPT that made AI the biggest talking point in the technology world as a potential catalyst for disruptions in businesses. “We continue to take an early leadership position in GenAI, which will be an important part of the reinvention of our clients in the next decade," Accenture chair and chief executive officer Julie Sweet said in a post-earnings interaction with analysts on Tuesday. If Accenture’s GenAI business continues to grow at the same rate, it could become a $4 billion business in the current financial year, an analyst said.

Netflix has released the first trailer and confirmed the global release date for Adam Sandler's upcoming sci-fi film, 'Spaceman.' Originally slated for a 2023 release, the movie will now debut worldwide on March 1, 2024.

Investing.com — U.S. futures edged higher Tuesday, struggling to maintain the recent rally as Fed officials attempt to rein in elevated levels of optimism of interest rate cuts next year.

bond yields and a rash of market bets on U.S. rate cuts next year, marking a sharp shift in pricing that is rare outside of financial panics. Economic data on Thursday showing stronger-than-expected retail sales in November and a smaller-than-anticipated rise in weekly jobless claims had traders paring a bit of their earlier enthusiasm for Fed policy easing next year. But even after the data, rate futures markets remain solidly priced for a March start to a round of rate reductions that would push the Fed's benchmark rate, now in the 5.25%-5.50% range, to the 3.75%-4.00% range by the end of next year. That's twice the 75-basis-points of rate cuts Fed policymakers themselves penciled in for 2024 in projections released by the U.S.

Piper Sandler Chief Global Economist Nancy Lazar details her economic expectations for the second half of the fiscal year on ‘Mornings with Maria.’

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Lululemon Athletica, Albemarle , Toro, and STAAR Surgical.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Shopify, ChargePoint, Welltower, and American Axle & Manufacturing.

Disney Plus Hotstar, Netflix, and Amazon Prime Video have rolled out a diverse lineup, ensuring viewers have a plethora of options to choose from and explore. The Aam Aadmi Family Season 4 The fourth season of "The Aam Aadmi Family" features actors such as Brijendra Kala, Lubna Salim, and Chandan Anand. This popular family show is produced by The Viral Fever, with the latest instalment being directed by Himali Shah.

Thanksgiving traditions include Macy's parade and other things, football is something that the entire family can sit down together and enjoy some happy moments together. After eating turkey and want to relax, you can watch some of the movies that can help you chill.

Netflix expands its content with 14 additions this week from November 19 to 25, featuring a reality show, an animated movie, and a limited thriller series. "Squid Game: The Challenge," a reality show based on the hit series, kicks off on November 22, 2023, as 456 participants vie for a $4.56 million prize. Players navigate challenges, devise strategies, form alliances, and strive to survive until the competition's end. On Tuesday, November 21, Netflix premieres the animated movie "Leo!" voiced by Adam Sandler, Bill Burr, and others. The film follows a lizard's escapade during the final year of elementary school, breaking free from a 74-year confinement in a terrarium with his turtle companion. Swedish limited series, «A Nearly Normal Family,» arrives on November 24, depicting a seemingly ordinary family shattered by a shocking murder. As one family member faces arrest, questions arise about how well they truly know each other. Rounding out the week are «Love Island USA» season 3 on November 24 and «Crime Diaries: The Celebrity Stylist» on November 22, offering a diverse selection for Netflix subscribers.

Piper Sandler analysts raised their data center estimates for NVIDIA (NASDAQ:NVDA) for the October and January quarters ahead of the company's earnings release next week.

Piper Sandler Chief Global Economist Nancy Lazar details her economic expectations for the second half of the fiscal year on ‘Mornings with Maria.’

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at ANSYS, Beauty Health, Corteva , and New York Community Bancorp.

Here is your weekly analyst Pro Recap in the area of artificial intelligence (AI) for this week. Get all this news and more in real-time with InvestingPro.

The Super Mario Bros. Movie’ – on its platform on December 3 in the U.S. The movies in August had debuted on Peacock, and even after 3 months, it continues to attract the audiences. The movie is sure to gain huge viewership as Netflix has chosen December, which happens to be a celebration month for the release with holidays round the corner. Several family-friendly series and movies made it to the top 10 list in 59 countries from Thanksgiving to Christmas.