DIRS.INFO The most relevant business & tech news

☆ We're trimming an up-and-down cybersecurity stock that's rallying into earnings next week
▼ + stars: | 2024-05-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Shortly after the opening bell, we will be selling 25 shares of Palo Alto Networks at roughly $315.50. We talked Wednesday on our Morning Meeting about how Palo Alto Networks may have a positive setup into earnings Monday night , according to Morgan Stanley. We thought Morgan Stanley's call was pointing out because into earnings in February, Morgan Stanley said it was "sitting this quarter out." Its call proved prescient when Palo Alto shares fell almost 30% in a single session after missing estimates on billings and reducing its outlook. For example, Morgan Stanley says this deal benefits Palo Alto it several ways, helping it accelerate market share in security analytics.

Persons: Jim Cramer's, Morgan Stanley, we've, Palo, Morgan Stanley's, It's, Jim Cramer, Jim Organizations: Palo Alto Networks, billings, UnitedHealth, Palo, Networks, IBM, CNBC Locations: billings, Palo Alto

☆ Arup revealed as victim of $25 million deepfake scam involving Hong Kong employee
▼ + stars: | 2024-05-16 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —A British multinational design and engineering company behind world famous buildings such as the Sydney Opera House has confirmed that it was the target of a deepfake scam that led to one of its Hong Kong employees paying out $25 million to fraudsters. A spokesperson for Arup told CNN on Friday that it notified Hong Kong police in January about the fraud incident, and confirmed that fake voices and images were used. “Unfortunately, we can’t go into details at this stage as the incident is still the subject of an ongoing investigation. According to Hong Kong police, the elaborate scam saw the employee duped into attending a video call with people he believed were the CFO and other members of staff, but all of whom turned out to be deepfake recreations, Hong Kong police revealed in February. Authorities around the world are growing increasingly concerned about the sophistication of deepfake technology and the nefarious uses it can be put to.

Persons: Hong Kong CNN —, Arup, ” Rob Greig, Michael Kwok Organizations: Hong Kong CNN, Sydney Opera, Hong Kong, CNN, Hong, Beijing Olympic Games, Arup’s East Locations: Hong Kong, British, Hong, Arup’s East Asia

☆ Why Jim Cramer says Costco is the 'stock to buy off of' Walmart's big quarterly beat
▼ + stars: | 2024-05-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "I continue to think Costco is the stock to buy off of Walmart," Jim said Thursday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Dow, Morgan Stanley, Jim, Jim Cramer's Organizations: CNBC, Nasdaq, Palo Alto Networks, Honeywell, General, GE Healthcare, Costco, Walmart, Dow Locations: U.S

☆ Equinox got rid of Kiehl's in its locker rooms and everyone is in mourning
▼ + stars: | 2024-05-16 | by ( Madeline Berg | Geoff Weiss | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. On Tuesday, after weeks of rumors, Equinox announced a new partnership with Australian beauty brand Grown Alchemist — meaning its long-beloved Kiehl's products are getting the boot. "It's been 13 years," Julia Klim, Equinox's VP of strategic partnerships and business development, told Women's Wear Daily of its Kiehl's deal. Advertisement(Full disclosure from Madeline Berg: I am an Equinox member and have little attachment to the Kiehl's lineup. ) AdvertisementEvery passionate online niche has two sides, and some brave souls have posted their excitement about the new products, alleging that it was actually Kiehl's products that were watered-down.

Persons: —, Equinox, moisturizers, It's, Julia Klim, Equinox's, Women's, Madeline Berg, commenter, Kiehl's Organizations: Service, Business, pepsi

☆ Eli Lilly falls on a rival's obesity study — plus, we're removing 3 stocks from our watchlist
▼ + stars: | 2024-05-16 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Eli Lilly dips: Shares of Eli Lilly are sitting out the rally on news that Swiss pharmaceutical firm Roche 's experimental obesity drug demonstrated promise in a Phase 1 study. "Doug McMillon, the CEO of Walmart, made the point repeatedly that the company's success this quarter came from lower prices," Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Eli Lilly, Roche, It's, inflect, We're, Doug McMillon, Estee Lauder, Jim, Jim Cramer's Organizations: CNBC, Viking Therapeutics, Club, Deere, Walgreens Boots, Walmart, Costco, Materials, Jim Cramer's Charitable Locations: Swiss, Amgen, China

☆ The S&P 500 hits a new record. Here's how we think investors should respond
▼ + stars: | 2024-05-15 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The S & P 500 and Nasdaq Composite rose to all-time highs after the release. The market hasn't been this overbought since late December, according to the S & P 500 Short Range Oscillator, our trusted momentum indicator. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Morgan Stanley, Jim, It's, Jim Cramer's Organizations: CNBC, Nasdaq, Palo Alto Networks, Wall, UnitedHealth Group, Healthcare, wouldn't, Palo, Wednesday . Bank of America Locations: Palo, Palo Alto

☆ Google has an idea to prevent phone scams, but it'll mean allowing its AI to listen in on your calls
▼ + stars: | 2024-05-15 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

Google is testing its Gemini AI to detect and alert users of potential scams during phone calls. The AI alerts users of scam patterns like urgent payment demands. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGoogle is playing around with AI tech that would listen to your calls and warn you of potential scams. Google announced on X on Tuesday that it's testing a new Gemini AI feature that "provides real-time alerts during a call if it detects conversation patterns commonly associated with scams."

Persons: — Organizations: Google, Service

Google I/O 2024 "should assuage fears over [Alphabet's] AI competitive position," analysts at Oppenheimer wrote in a research note to clients on Wednesday. Here's the full list of Alphabet's AI updates. "I was using Google Search versus using ChatGPT … [and] ChatGPT was so much more thorough than Google without ads. The next big question in AI: Who will Apple choose to partner with for its own AI features? Google CEO Sundar Pichai speaks at the Google I/O developer conference.

Persons: Goldman Sachs, Oppenheimer, Bard, Jim Cramer, Siri, Alexa —, Sundar Pichai, ChatGPT, Jim, Goldman, Jim Cramer's, Andrej Sokolow Organizations: Citi, Google, Wednesday, ChatGPT, Microsoft, Gmail, Gemini, Apple, Developers, CNBC, Getty

☆ Biden Seeks to Curb Flow of Migrants From Nicaragua With New Restrictions
▼ + stars: | 2024-05-15 | by ( Katie Rogers | ) www.nytimes.com time to read: +1 min

The Biden administration will issue visa restrictions against 250 people and sanctions against three organizations that support the Nicaraguan government, whose authoritarian leader officials say has profited off people trying to reach the United States. The Biden administration will also issue a policy alert to private companies, including airlines, of concerns about irregular immigration patterns and potential human rights abuses stemming from those practices. There is no way to enforce the policy against companies that ignore those abuses. The announcement reflected a growing concern among President Biden and his advisers that a surge of undocumented immigrants into the United States is a growing threat to his re-election campaign. It also showed that the administration has limited options to stem the flow of immigration from troubled countries whose citizens are searching for a better life in the United States.

Persons: Biden, Daniel Ortega Organizations: Nicaraguan Locations: Nicaraguan, United States, Nicaragua

Here’s what we know so far about the escaped inmate, as a search involving hundreds of police officers enters its second day. ‘Well known’ to authoritiesMohamed Amra, nicknamed “La Mouche” or “The Fly,” is “very well known” to the French justice system having sustained a total of 13 convictions, according to Paris state prosecutor Laure Beccuau. It is understood that Amra had attempted to escape from Évreux prison two days prior to the ambush. So colleagues moved him to a disciplinary unit.”In an interview on French radio, Amra’s mother said she broke down crying when she heard about the deadly ambush. French Justice Minister Eric Dupond-Moretti told reporters that the incident was the first time a French prison employee has died while working since 1992.

Persons: Mohamed Amra, “, Laure Beccuau, Amra, Amra’s, Hugues Vivier, Beccuau, BFMTV, Emmanuel Baudin, ”, France’s, Christophe Petit Tesson, Gerald Darmanin, Eric Dupond, Moretti, Emmanuel Macron Organizations: CNN, Reuters, France’s RTL, Interpol Locations: Normandy, France, Rouen, Évreux, Paris, Marseilles, Marseille

We're selling 100 shares of Morgan Stanley at roughly $100.56 each. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 1,150 shares of MS, decreasing its weighting in the portfolio to 3.62% from 3.93%. Trying to anticipate what the Oscillator will do next is difficult, but we can only imagine the market will be even more overbought after Wednesday's gains. We'll realize a gain of 12% on Wednesday's Morgan Stanley trim on stock purchased in July 2021. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Morgan Stanley, Jim Cramer's, Jim, Overbought doesn't, Wednesday's Morgan Stanley, Jim Cramer Organizations: Games Global, CNBC

☆ Danaher's rally shows how sticking with a troubled stock of a good company can pay off
▼ + stars: | 2024-05-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Market talk : The S & P 500 and Nasdaq jumped to new intraday highs Wednesday, extending the gains from the prior session's late-day rally. In fact, the S & P 500 broke above 5,300 for the first time ever. The one thing we're staying guarded about in this rally is how overbought the stock market has become. You have to go back to last December to find a time when the S & P 500 Short Range Oscillator was this overbought. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Dow, Jan, Danaher, prudently, Cramer, we're, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Bank of America Healthcare, Disney, Cisco Systems, Walmart, Deere, Baidu, Jim Cramer's Charitable Locations: China

☆ Palo Alto nears a key test that could break it out of Wall Street's penalty box
▼ + stars: | 2024-05-15 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Shares of Palo Alto plunged 28% on Feb. 21, a session after the company delivered a more cautious outlook for the rest of 2024. The shift in business strategy requires Palo Alto to give customers its new services and products for free to demonstrate their many benefits. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance 2. The Club is focused on how much industry spend is going to Palo Alto versus competitors, but we're not concerned about demand for the company's offerings. In this photo illustration the Palo Alto Networks logo seen displayed on a smartphone and on the background.

Persons: Morgan Stanley, Sellers, Nikesh Arora, Palo, We'd, it's, PANW, Arora, Jim Cramer, We've, nudging, Stephen Vintz, we're, Jim, Jim Cramer's, Rafael Henrique Organizations: Palo Alto Networks, Wall Street, Palo, Tech, Barclays, Palo Alto, billings, Wall, Alto Networks, UnitedHealth Group, Change, Healthcare, Club, Microsoft, Vans, Corp, Caesars Entertainment, Securities, Exchange, US Fed, CNBC, Networks, Getty Locations: Palo Alto, U.S, Palo, billings, Palo Alto's, Alto

☆ Another subdued day for stocks. Here's our latest thinking on 4 portfolio names including a 'coiled spring'
▼ + stars: | 2024-05-14 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. The Club stock is trading around $328 per share Tuesday, so it's hardly been a steep pullback thus far. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Tuesday's, Jerome Powell, James Saccaro, Stanley Black, Decker, Jim Cramer's, Don Allan, Jim, Eaton, We'll Organizations: CNBC, Bank of, GE Healthcare, Eaton Corp, Nvidia, Costco, Walmart, Target, Amazon, Jim Cramer's Charitable Locations: Amsterdam, U.S, China, Europe, America

☆ Uber to acquire Foodpanda's Taiwan business for $950 million, creating a potential monopoly
▼ + stars: | 2024-05-14 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

(Photo by Walid Berrazeg/SOPA Images/LightRocket via Getty Images)Uber Technologies will acquire the Taiwan business of Delivery Hero -owned Foodpanda for $950 million in cash, as Foodpanda focuses on other markets. In a separate agreement, Delivery Hero will sell $300 million in newly issued ordinary shares to Uber. Taiwan's food delivery market is dominated by Foodpanda and Uber Eats. Delivery Hero said in February it had ended talks to sell its Foodpanda business in selected Southeast Asian markets. Östberg told CNBC the same month that the firm was "happy" to hold on to its Foodpanda business in Southeast Asia "forever."

Persons: Walid Berrazeg, Niklas Östberg, Pierre, Dimitri Gore, Uber, Foodpanda, Östberg, – CNBC's Ryan Browne, Dylan Butts Organizations: Getty, Technologies, Coty, Foodpanda, CNBC Locations: TAIPEI, TAIWAN, Taipei, Taiwan, Asia, Singapore, Malaysia, Thailand, Philippines, Hong Kong, Southeast Asia

☆ It's no surprise to see Amazon shares lower after cloud CEO shakeup
▼ + stars: | 2024-05-14 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. However, Jim Cramer argued that a negative revision to the March PPI offset the price pressures in Tuesday's print. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, It's, Adam Selipsky, Selipsky, Matt Garman, Jim Cramer's Organizations: CNBC, Federal Reserve, GameStop, Bank of America, Amazon, Amazon Web Services, Club

☆ Will a cruise ship wait for me if I'm running late at a port stop? Here's what a captain has to say.
▼ + stars: | 2024-05-14 | by ( Joey Hadden | ) www.businessinsider.com time to read: +4 min

AdvertisementWill the captain wait for you? Joey Hadden/InsiderWhen will a cruise ship wait for passengers? Since the excursion is supposed to only take place within the allotted port time, the ship will wait for passengers coming from a cruise line excursion that's running late. AdvertisementIf you're behind schedule, call the ship agent to alert the cruise that you're running late, he said. Joey Hadden/InsiderWhether the ship can wait for you, however, will depend on how late you'll be, he added.

Persons: —, Rob Hempstead, who's, Coco, Joey Hadden, you've, that's Organizations: Service, reboarding, CNN, Business, Royal, Oasis, Cruise, BI Locations: Norwegian, Africa, São, Dakar, Senegal, Motril, Spain, Hampstead, Royal Caribbean, Bahamas

☆ We're adding to this battleground position based on some new data out of China
▼ + stars: | 2024-05-14 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Following the trade, Jim Cramer's Charitable Trust will own 525 shares of EL, increasing its weighting to 2.2% from 2%. A couple of recent data points from China have us feeling incrementally better about this battleground position. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Estee Lauder, Jim Cramer's, Joe Tsai, Tsai, we've, Jim Cramer, Jim Organizations: CNBC Locations: China, United States, Amazon

☆ Jim Cramer sees more room for Honeywell to climb as the stock shakes off rough start to 2024
▼ + stars: | 2024-05-13 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. There was largely an "absence of news" last week, Jim Cramer noted, and yet stocks were still able to advance. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Jim, OpenAI, Vimal Kapur, Jim Cramer's Organizations: CNBC, Dow Jones Industrial, Nasdaq, Apple, Bloomberg News, Developers Conference, Honeywell International, Club, Honeywell, AAPL

☆ OpenAI gives a shoutout to Nvidia — plus, a new industrial stock joins our watchlist
▼ + stars: | 2024-05-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, it's, OpenAI, Mira Murati, Jensen Huang, We're, Jim's, Estee, Jim, Jim Cramer's Organizations: CNBC, Microsoft, Nvidia, Dover Corp, Clean Energy, Sustainability Technologies, Club, Vision, Bloomberg, Apple Vision, U.S, Jim Cramer's Charitable Locations: Illinois, Dover, U.S, China, Estee Lauder

☆ Credit Cards Are Smarter: Better Fraud Detection, No Travel Alerts
▼ + stars: | 2024-05-12 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

I don't know how JPMorgan Chase knew that I would spend $200 on Botox in Argentina, but it did. It's great that banks and credit-card companies are getting better at discerning which payments are fraudulent and which are legit. Credit-card fraud protection is still far from perfect, but there's no denying that the technology is improving. So I reached out to some credit-card companies and academics to learn more. But it's cool that companies really are making fraud detection better, especially in a world where fraudsters themselves are constantly getting better.

Persons: JPMorgan Chase, it's, Nilson, We've, that's, Tina Eide, Eide, Mike Lemberger, they've, Lemberger, here's, Yann, Aël Le Borgne, Gianluca Bontempi, Bontempi, I'd, Le Borgne, somebody's, Emily Stewart Organizations: Citibank, JPMorgan, Federal Trade Commission, American Express, Netflix, Libre de Bruxelles, Companies, Visa, Citi, Business Locations: California, Buenos Aires, Botox, Argentina, North America, Belgium, Lemberger

About 2,800 residents from the Northern Rockies Regional Municipality and about 450 residents from the Fort Nelson First Nation were asked to evacuate. Wildfire smoke has been linked to increases in certain cancers and heart-related issues, among other ailments. In 2023, 19 counties in 11 states had days with “very unhealthy” and “hazardous” air quality — given at least a “code purple” alert on the US Environmental Protection Agency’s Air Quality Index. Light rain showers were expected overnight Sunday with more rain forecast Monday, “which will help lower fire activity,” a Sunday update from Alberta Wildfire said. Fire restrictions will remain in effect in the area until conditions improve, according to Alberta Wildfire.

Persons: Parker, “, ” Ben Boghean, ” Cliff Chapman, Jaylene, Terry Cavaliere, ” Boghean, Paul, Crews Organizations: CNN, BC Wildfire Service, Northern Rockies Regional, Fort Nelson, Wildfire, Northern Rockies, Fort Nelson First Nation, Environment Canada, Canadian Interagency Fire Centre, Air, Environmental Protection Agency, US, Protection, British Columbia, Alberta, Reuters Residents, Estates, Lake Estates, Fort McMurray, Alberta Wildfire Locations: British Columbia, Fort Nelson, Northern Rockies Regional Municipality, Parker, Fort, Canada, Maryland, Alberta, Fort McMurray, Saskatchewan, Wisconsin, Minnesota, Minneapolis, St, United States, British, Grande Prairie Forest, TeePee Creek , Alberta, Regional, Wood Buffalo, Lake

☆ Buy, sell or hold? Knowing a stock's PEG ratio can help decide. What it is and how to use it
▼ + stars: | 2024-05-12 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

The PEG ratio, as referenced in the question, takes the price-to-earnings ratio and divides it by a company's projected long-term earnings growth rate. As a general rule, a PEG ratio of 1 or lower indicates you're getting future growth at a good value. That's what the PEG ratio attempts to capture. Keep in mind that we also collect a dividend to compensate us for any lack of earnings growth. These factors outweigh the PEG ratio in our view and are our primary focus right now when it comes to valuing Abbott.

Persons: Jim Cramer, Marcia, Abbott, It's, that's, Eaton, That's, Jim Organizations: Abbott Labs, NEC, Abbott, CNBC Locations: Eaton, Washington, Cramer's

☆ A Chinese criminal ring has stolen $50 million by franchising thousands of fake online shops, experts say
▼ + stars: | 2024-05-12 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

The group, known as 'BogusBazaar,' has processed over $50 million in fake orders, the study found. As the rise of online shopping took hold during the pandemic, so did the rise of fake online shops and products. Instead, the sites harvest credit card details and collect payments for the fake merchandise. AdvertisementThe fake shops processed over $50 million in orders between March 2021 and April 2024, SR Labs says. But the exposure of credit card details to the scammers will likely "add to the overall damage."

Persons: — Organizations: Service, Labs, SR Labs, Business Locations: Europe, German, France, United States, Western Europe, China

☆ The restaurant stocks that are killing it in this market have one thing in common
▼ + stars: | 2024-05-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +17 min

When a company performs well and I interview its CEO on CNBC, I consider the stock's performance before fashioning my questions. Maybe the company had been poorly run and the guest is a new CEO who is turning it around. Once Wood picks a stock, that company can do no wrong, which is code for she can do no wrong. And take it from me, an old Mexican restaurant veteran, it travels better than any other restaurant chain. We should have just bought Dutch Bros. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)

Persons: Albert Manifold, Rather, That's, Chris Gibson, Jensen Huang, Huang, Gibson, Cathie Wood, Wood, that's, Brinker, Chipotle, Chipotle execs, Taco Bell, isn't, Yum, McDonald's, Laxman Narasimhan, Howard Schultz, let's, Narasimhan, Joe, Locker, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: CNBC, Pharmaceuticals, Nvidia, ARK, Gallup, Darden, Diageo, Brands, KFC, Taco, Taco Bell, Texas, Starbucks, Management, Bros, Dutch Bros, Jim Cramer's Charitable, Starbucks Corp, Health, Education, Labor, Bloomberg, Getty Locations: United States, U.S, Dublin, Ireland, Europe, Texas, Olive, East, Israel, Washington , DC

Search resuls for: "Alert"

25 mentions found