News 

Tesla could shed more than 40% if it’s overtaken as the leader in electronic vehicles, Credit Suisse says

“Tesla has a consensus price target of $273.38 and 11 “buy” ratings, nine “hold” ratings, and 16 “sell” ratings, according to Bloomberg data” writes Carmen Reinicke for businessinsider.com. Ford’s Mach-E is expected to price in the “mass luxury” range, starting between $40,000 and $50,000, and have a 300 mile range, according to the note.The car “should provide a more compelling alternative at the Model 3 price range than the other comps, especially given the performance focus,” Levy wrote. Source: businessinsider.com

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Credit Suisse raises Disney price target, subscriber estimates after strong Disney+ debut

“Credit Suisse raised its outlook for Disney shares after the company released the “remarkable” first-day numbers for its new Disney+ streaming service” writes Maggie Fitzgerald for cnbc.com. Disney shares jumped more than 7% to $148.78 after the company said it has more than 10 million customers for the new service. Source: cnbc.com

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Crypto News 

65,000 Swiss Retailers Will Soon Be Able to Accept Bitcoin

“Swiss crypto broker Bitcoin Suisse is partnering with European payment and transaction services provider Worldline to boost crypto payment acceptance in the country” writes Marie Huillet for cointelegraph.com. The new system will be available for the 65,000 Swiss merchants currently using Wordline’s nationwide payments infrastructure, dubbed SIX Payment Services. Last month, Cointelegraph published an overview of business venues currently accepting Bitcoin (BTC) as a method of payment across the globe.The firms have signed a letter of intent for a partnership to provide crypto payment services to Swiss merchants and consumers…

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Credit Suisse profit soars and beats expectations

“Credit Suisse Group AG (CS) said Wednesday that third-quarter net profit more than doubled, beating expectations, with performance strong in most divisions” writes Pietro Lombardi for marketwatch.com. Net profit for the period rose to 881 million Swiss francs ($885.7 million) from CHF424 million a year earlier, the bank.The scandal led to the resignation of the bank’s operating chief, a close deputy of Chief Executive Tidjane Thiam, who was cleared by a probe ordered by Credit Suisse.Analysts had expected the bank to report net profit of CHF770 million on revenue of…

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News Stocks 

Here are the biggest analyst calls of the day: FedEx, UPS, Slack & more

“Credit Suisse raised its price target on Facebook ahead of the company’s report and said it saw a return to free cash flow growth in 2020” writes Michael Bloom for cnbc.com. “With 3Q results come management’s expectations for operating expense and capital expenditures for the following year and as we have been expecting for some time, our primary focus is a return to FCF growth in 2020 after a two-year period of investment. Source: cnbc.com

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News Stocks 

Boeing gets downgraded by Credit Suisse; ‘indefensible’ after new scandal

“Boeing shares dropped to their lowest in three months, and are down five out of six sessions” writes Claudia Assis for marketwatch.com. The analysts cut their rating on Boeing stock to their equivalent of hold from sell and cut their price target to $323 from $416.Analysts at UBS also cut their rating and price target on Boeing stock. Source: marketwatch.com

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Credit Suisse to Start Charging Wealthy Clients for Cash Deposits

“ZURICH (Reuters) – Credit Suisse (CSGN.S) will start charging wealthy clients with large cash deposits in Swiss francs, the latest Swiss bank to pass on negative interest rates to customers” writes Min Read for reuters.com. Individual and business customers will be charged a rate of -0.75% on cash balances above 2 million Swiss francs ($2.02 million), Switzerland’s second biggest lender said. Many economists expect the SNB to take the interest rate lower next year to prevent further strengthening of the safe-haven currency, which could damage Switzerland’s export-reliant economy.A rate of…

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EUR/USD: Trend Support From 2018 Has Been Broken; Staying Bearish For 1.0815 – Credit Suisse

“EUR/USD seemed to have been on a recovery path, but the technical prospects look somewhat gloomy” writes Yohay’s Google Profile for forexcrunch.com. Above can see a recovery back to the 13-day average and price resistance at 1.0966/68, but with this then expected to cap again.Above can see a deeper recovery to 1.1025/27,” CS adds.A direct break though can expose the potential long-term uptrend from 2000, currently seen at 1.0700, where we would be alert to a fresh attempt to establish a low,” CS notes. “Immediate resistance moves to 1.0914 initially,…

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Crypto News Platforms 

SIX Lists Swiss Franc-Denominated Crypto ETP

“This the seventh ETP by Amun listed on the Swiss exchange as it already lists an XRP-based ETP, a BTC-based ETP, a bitcoin cash (BCH)-based ETP, an ETH-based ETP, the Amun Crypto Basket Index ETP, and Amun Bitwise Select 10 Large Cap Crypto Index ETP. Meanwhile, SIX is betting big on digital asset investments” writes Arnab Shome for financemagnates.com. Swiss stock exchange SIX has listed a Swiss-franc denominated exchange-traded product (ETP) on its platform backed by Bitcoin and Ethereum. The stock exchange is also lining up investors for the upcoming…

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