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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel's traditional business hasn't grown fast enough to cover its manufacturing costs: Chris CasoChris Caso, Wolfe Research senior analyst, joins 'Squawk Box' to discuss Intel's quarterly earnings results, the company's weak guidance, semiconductor production outlook, and more.
Persons: Chris Caso Chris Caso Organizations: Wolfe Research
O. J. Simpson, que saltó a la fama en los campos de fútbol americano, hizo fortuna en el cine, publicidad y televisión con un personaje de típico estadounidense negro, y fue absuelto de los cargos de asesinato de su exesposa y un amigo en un juicio celebrado en 1995 en Los Ángeles que cautivó al país, murió el miércoles. Un jurado en el juicio por asesinato, que mostró un espejo agrietado de un Estados Unidos blanco y negro, absolvió a Simpson, pero el caso arruinó su mundo. Pagó poco de la deuda, se mudó a Florida y luchó por rehacer su vida, criar a sus hijos y mantenerse alejado de los problemas. En 2006, vendió el manuscrito de un libro, If I Did It, y una posible entrevista televisiva, en la que relataría “hipotéticamente” los asesinatos que siempre había negado haber cometido. Una protesta pública puso fin a ambos proyectos, pero la familia de Goldman obtuvo los derechos del libro, añadió material en el que imputaba la culpa a Simpson y lo publicó.
Nvidia's blowout quarter: Here are the key takeaways
  + stars: | 2024-02-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia's blowout quarter: Here are the key takeawaysChris Caso, Wolfe Research senior analyst, joins "Squawk Box' to break down Nvidia's quarterly earnings results, which reported fourth fiscal quarter earnings that beat Wall Street’s forecast for earnings and sales, and said revenue during the current quarter would be better than expected, even against elevated expectations for massive growth.
Persons: Chris Caso Organizations: Wolfe Research
Discover Financial Services — The financial services stock dropped more than 7% after posting mixed fourth-quarter results. Hertz — The automotive rental company's stock climbed about 6% following an upgrade to overweight from Morgan Stanley earlier on Thursday. Kinder Morgan — Shares of the energy infrastructure company fell less than 1% after Kinder Morgan's fourth-quarter revenue came in lower than expected. Fastenal — The industrial supplies company added 4% after posting fourth-quarter earnings that exceeded analyst expectations. Humana — The health insurance company lost more than 14% on Thursday after guiding for full-year 2023 adjusted earnings of $26.09 per share.
Persons: Hertz, Morgan Stanley, Adam Jonas, Hertz's, BofA, Ranjan Sharma, Kinder Morgan —, Kinder Morgan's, Kinder, Fastenal, Chris Caso, — CNBC's Brian Evans, Michelle Fox, Fred Imbert, Jesse Pound, Pia Singh, Samantha Subin Organizations: Discover Financial, Apple, Bank of America, Spirit Airlines, JetBlue, Citi, Spirit, Alaska Air Group —, Boeing, Alaska Airlines, Federal Aviation Administration, JPMorgan, Wolfe Research, Humana, Alcoa, Revenue Locations: Singapore
Just weeks before Ecuador descended into chaos, with prison riots, two escaped criminal kingpins and the brief siege of a television station, the country’s top prosecutor launched a major operation aimed at rooting out narco-corruption at the highest levels of government. The investigation, called “Caso Metastasis,” led to raids across Ecuador and more than 30 arrests. They had been implicated by text chats and call logs retrieved from cellphones belonging to the drug trafficker, who was murdered while imprisoned. When the attorney general, Diana Salazar, announced the charges last month, she said the investigation had revealed the spread of criminal groups through Ecuador’s institutions. She also warned of a possible “escalation in violence” in the days to come, and said that the executive branch had been put on alert.
Persons: kingpins, Caso, , Diana Salazar Locations: Ecuador
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're a big believer in the A.I. trend going into next year, says Wolfe Research's Chris CasoChris Caso, Wolfe Research managing director covering semiconductors and semiconductor capital equipment, joins 'Squawk Box' to discuss the state of the semiconductor sector, AMD's weaker-than-expected guidance, the impact of A.I. on the chip industry, and more.
Persons: Wolfe, Chris Caso Chris Caso Organizations: Wolfe Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAMD stock surges after issuing positive outlook for AI chips next year. Here's what the pros sayJim Cramer, Chris Caso of Wolfe Research, Vijay Rakesh of Mizuho Securities and Joe Terranova of Virtus Investment Partners discussed AMD after the company reported third-quarter results that beat expectations.
Persons: Jim Cramer, Chris Caso, Vijay Rakesh, Joe Terranova Organizations: AMD, Wolfe Research, Mizuho Securities, Virtus Investment Partners
CNN —FC Barcelona President Joan Laporta is officially being investigated as a “suspect” in the ongoing alleged improper payment scandal, according to court documents obtained by CNN – the latest twist in a scandal overshadowing the club and Spanish soccer. The investigation relates to alleged improper payments made by Barça to José María Enríquez Negreira, a former leading refereeing official in Spain. CNN has reached out to FC Barcelona for comment from Laporta but has yet to hear back. Laporta began his second term as club president in 2021. “As such, the statute of limitations of the crimes referred to previously has not expired in respect to [Laporta], as well as those people who were members of the Board of Directors of FC Barcelona respectively during his leadership,” Wednesday’s court document read.
Persons: Joan Laporta, , Barça, Judge Joaquín Aguirre López, Enríquez Negreira, Javier, Aguirre López, , , Judge Aguirre López, Negreira, invoiced, Blaugrana, Xavi, Caso, Juan Manuel Serrano Arce, Laporta’s, Laporta, Pau Mosquera Organizations: CNN — FC Barcelona, CNN, Spanish, 1st, FC Barcelona, Mundo Deportivo, Caso, Prosecutors, CTA, Osasuna, Barcelona, Estadio El Locations: Spain, Barcelona, Spanish, Estadio El Sadar
"We're disappointed, of course," Anthony Caso, a lawyer for Eastman, said of the court's decision not to hear the appeal. In decisions in 2022, U.S. District Court Judge David Carter in Santa Ana ordered certain emails to be turned over, including those related to court efforts by Trump and Eastman to delay congressional certification of Biden's victory. Carter ruled that Trump and Eastman had "more likely than not" committed a crime in trying to obstruct Congress. Eastman has sought to erase the judge's determination that the "crime-fraud" exception applied to some of the emails. Trump is the frontrunner for the Republican nomination to face Biden in the 2024 election.
Persons: John Eastman, Yuri Gripas, Donald Trump's, Clarence Thomas, Thomas, Eastman, Virginia, Ginni, We're, Anthony Caso, Trump's, Joe Biden's, David Carter, Trump, Carter, Mike Pence, Pence, Biden, Andrew Chung, Will Dunham Organizations: National Organization, IRS, REUTERS, Rights, U.S, Supreme, Conservative, Washington Post, Democratic, Capitol, Trump . Eastman, Chapman University, Trump, Eastman, San, Circuit, Republican, Thomson Locations: Washington, California, U.S, Santa Ana, San Francisco, Georgia's Fulton County
CNN —FC Barcelona and several of the soccer club’s current and former executives are officially being investigated as suspects for “the sustained crime of active bribery,” according to a court document obtained by CNN – the latest twist in an alleged improper payment scandal overshadowing Spanish soccer. The investigation relates to alleged improper payments made by Barcelona to José María Enríquez Negreira, a former leading refereeing official in Spain. The spokesperson declined to share more details about the search but said that no arrests are expected to be made. He added that in his opinion the payments “produced the desired effects on referees,” resulting in “consequent systemic corruption in … Spanish refereeing” affecting soccer in the country. CNN has reached out to Negreira via his company for comment but did not immediately receive a response.
Persons: , , Javier Soriano, invoiced, Negreira, ” Judge Joaquín Aguirre López, Aguirre López, , Barça, Caso, Xavi, Juan Manuel Serrano Arce, Javier Tebas, Los Blancos, CNN’s Matt Foster Organizations: CNN — FC Barcelona, CNN, Spain’s Civil Guard, Royal Spanish Football Federation, Guardia Civil, An FC Barcelona, Caso, Spanish, AFP, Getty, Prosecutors, CTA, 1st, La Liga, Barcelona, Osasuna, Civil Guard, Real, Real Madrid, UEFA Locations: Barcelona, Spain, Guardia, Spanish, Real Madrid
MILAN, Sept 25 (Reuters) - A group of Italian investors with a combined 10.9% stake in Mediobanca (MDBI.MI) will vote to give Chief Executive Alberto Nagel a new term at a shareholders' meeting on Oct. 28, one of the group's members said on Monday. The bank's board is elected for a three-year term and the current term expires on Oct. 28 when Mediobanca shareholders will vote on renewing the board, including the CEO. The group of investors, who in 2018 signed a consultation agreement on the most important issues regarding the bank, met on Monday. Another member of the group, who did not wish to be identified, said all members of the group would vote to keep Nagel as CEO. Nagel has so far enjoyed the support of institutional investors who collectively account for 45% of the bank's capital.
Persons: Alberto Nagel, Nagel, Del, Delfin, Francesco Gaetano Caltagirone, Mediobanca's, Renato Pagliaro, Angelo Caso, Pagliaro, Gianluca Semeraro, Susan Fenton Organizations: Banca Mediolanum, Delfin, Thomson Locations: Mediobanca
Map highlighting the city of Iguala in the Mexican state of Guerrero where college students on a bus trip to Mexico City were kidnapped, and many killed. Also located is the nearby city of Cocula where remains of some of the students were found, as well as Chilpancingo, the capital of Guerrero. 100 miles Mexico City MEXICO Iguala Cocula GUERRERO Chilpancingo Pacific Ocean Acapulco U.S. Gulf of Mexico MEXICO Pacific Ocean Detail area 400 miles
Persons: Cocula GUERRERO Organizations: Mexico City Locations: Iguala, Mexican, Guerrero, Mexico, Cocula, Mexico City MEXICO, Acapulco, Gulf of Mexico MEXICO
Here's why Wolfe Research adjusted Nvidia's price target to $630
  + stars: | 2023-08-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Wolfe Research adjusted Nvidia's price target to $630Chris Caso, managing director at Wolfe Research, and Vijay Rakesh, managing director at Mizuho, join 'Squawk on the Street' to discuss Nvidia's quarterly earnings results, how the stock gets to Caso's price target and the company's opportunities in China.
Persons: Chris Caso, Vijay Rakesh Organizations: Wolfe, Wolfe Research, Mizuho Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia shares little changed despite earnings beat. What the pros say to do nextJim Cramer, Vivek Arya of Bank of America Securities, Chris Caso of Wolfe Research, Aaron Rakers of Wells Fargo and Josh Brown of Ritholtz Wealth Management discussed Nvidia after the company beat both earnings and revenue estimates for the second quarter.
Persons: Jim Cramer, Vivek Arya, Chris Caso, Aaron Rakers, Wells Fargo, Josh Brown Organizations: Nvidia, Bank of America Securities, Wolfe Research, Ritholtz Wealth Management Locations: Wells
NVDA YTD mountain NVDA has surged in 2023 Ahead of earnings Wednesday, analysts are weighing in on the forthcoming report and how to trade the earnings. Oppenheimer's Rick Schafer maintained an outperform rating on Nvidia and raised his price target to $500 per share up from $420. Elsewhere, Citi analyst Atif Malik reiterated both a buy rating and a $520 per share price target in a note last week. However, Deutsche Bank analyst Ross Seymour is more cautious on Nvidia stock heading into earnings, and reiterated a hold rating in Tuesday note. Seymour maintains a $440 per share price target, which forecasts roughly 2% upside from the stocks current trading levels.
Persons: Hans Mosesmann, Mosesmann, Oppenheimer's Rick Schafer, " Schafer, Wolfe, Chris Caso, " Caso, Atif Malik, Wall, Malik, Ross Seymour, Seymour, — CNBC's Michael Bloom Organizations: Nvidia, Rosenblatt Securities, Wolfe Research, Citi, Deutsche Bank, LT
Fertility rates are declining, with those trying for children often needing access to reproductive tech. Insider spoke to seven VCs who named the top startups innovating reproductive and fertility services. "While it is difficult to pin just one number to the size of Europe's reproductive and fertility tech sector, there has definitely been significant growth across the market," said Sasha Astafyeva, partner at Atomico. In 2021, investors poured a record $3.76 billion into reproductive tech startups globally, per Pitchbook data. Insider asked seven VCs about the reproductive and fertility technology startups set to take off.
Persons: Camila Caso, Sasha Astafyeva, Peter Thiel, , Roe, Wade, Caso Organizations: World Health Organization, Founders Locations: Mexico, Atomico, Europe, Asia
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Such has been the Blaugrana’s dominance this season, Xavi’s side clinched the trophy with four games still remaining and his iteration will undoubtedly go down as one of the greatest defensive teams in La Liga history. With only 13 goals conceded so far this season, Xavi’s Barcelona is set to obliterate that record. “Not only for me, but for the club and for all Barcelona fans it’s very important to win La Liga,” Barça striker Robert Lewandowski told CNN Sport ahead of the match against Espanyol. I think the first round [of fixtures] was very important, we proved that we can think about winning La Liga. Barcelona fans celebrate Sunday's La Liga success -- the club's first league title since the 2018-19 season.
Crucially, Chen could access in-vitro fertility (IVF) treatment legally in a private clinic. We have liberalized the policies here and I know a lot of single women are doing IVF." watch nowLiberalizing IVF nationwide could unleash more demand for fertility treatment in what is already the world's biggest market, straining limited fertility services. The NHC's Sichuan branch did not address questions from Reuters about whether it would offer IVF treatment to all women in public hospitals. Shanghai and the southern Guangdong province have also permitted unmarried women to register their children but IVF services for single women remain banned.
More than eight weeks after the scandal emerged, FCB President Joan Laporta went out to bat for the Catalan club on Monday. General view of Estadio Santiago Bernabeu prior to the La Liga match between Real Madrid CF and Getafe CF on April 09, 2022 in Madrid, Spain. But Laporta finished by saying that Real Madrid is “a club considered the team of the regime,” a reference to the club’s reported historic ties with Franco during his fascist dictatorship. “We are talking about a club [Real] that has historically close ties to political, financial and sporting power,” Laporta said. In total, Real won 14 league titles to Barcelona’s eight under Franco, while the Blaugrana won nine Copas del Generalísimo to Real Madrid’s six.
Badri's price 12-month price target for shares of Microsoft is $285. The analysts said that growing AI use cases will help Taiwan Semiconductor Manufacturing Company and their high performance computing business, which has already doubled since 2016. Credit Suisse's 12-month price target for the stock is $330, which is upside of 16%. Chou has a price target of NT$1,100 for the stock, meaning 13.5% upside. Both Taiwan Semiconductor Manufacturing Company and Baidu are traded on US exchanges, while Accton and Wiwynn are traded in Taiwan.
Nvidia shares opened up more than 12% Thursday morning, a day after the chipmaker reported a beat on the top and bottom line. Nvidia reported $6.05 billion in revenue for the fiscal fourth quarter and adjusted EPS of 88 cents, edging out the Wall Street consensus. Nvidia's AI play is "accelerating in a way that will have disruptive implications" for both its competitors and "the world at large," Rosenblatt Securities' Hans Mosesmann said in a Wednesday note. Caso hiked Nvidia's price target from $210 to $275. And in an about-face, Goldman Sachs' Toshiya Hari upgraded Nvidia to a buy rating and set a $275 price target.
Apart from the forecast of half a billion users, Spotify also expects premium subscribers to reach 207 million in the current quarter and revenue of 3.1 billion euros ($3.35 billion). Analysts were expecting 202 million subscribers and revenue of 3.05 billion euros. Spotify last year laid out plans to get 1 billion users by 2030 and to reach $100 billion revenue annually. "Spotify will double down on things that worked well and stop doing the things that don't work," he said. In 2023, the company expects revenue to begin to grow faster than operating expenses, which have jumped due to headcount growth and higher advertising costs.
Certain names will surprise to the upside in 2023, according to Credit Suisse, in what's expected to be another volatile year for the stock market. Credit Suisse predicts Carnival will see upside to estimates for earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2023 and 2024. Carnival has 47% upside to Credit Suisse's $16 price target, as of Wednesday's close. CCL mountain 2020-01-26 Carnival's performance since late January, 2020 Meanwhile, FedEx had a challenging 2022 but could rally nearly 27%, according to Credit Suisse's $238 price target. Nvidia shares have more than 8% upside to Credit Suisse's $210 price target.
Semiconductor stocks suffered a series of blows in 2022 as demand for consumer discretionary items fell off a cliff and supply chain disruptions continued. Betting on semiconductor favorites Despite ongoing volatility, some analysts and investors are still betting on once high-flying names in 2023, even though the challenges of 2022 continue. One of those is Advanced Micro Devices, a chip stock commonly connected with PC and server chips that fell hard in 2022. Texas Instruments held up better than the rest of the semiconductor market in 2022, shedding a little more than 12%. Bailey is mostly shying away from former, rapid growth names, with small bets on ASML and Marvell for clients looking for possible higher growth.
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