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☆ 4 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-02-17 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

A hotter-than-expected consumer price index on Tuesday sent stocks reeling, with the Dow posting its biggest drop in a year. Stocks bounced back over the next two days, helped by a softer retail sales report , only to slump again on Friday's hot producer price index for January. As we said this week, we're not overly concerned with the hotter-than-expected inflationary readings. Earnings season picks back up for the Club next week, with four holdings set to report quarterly results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Wall, Stocks, we're, Palo, Fortinet, BCH's Bausch, Management doesn't, Dana, Bausch, Dr Pepper, Diana Shipping, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Club, Palo Alto, Palo, billings, Nvidia, Amazon, Microsoft, Bausch Health, Coterra Energy, Management, NYSE, Walmart, Axsome Therapeutics, Barclays Bank, Armstrong World Industries, Ceragon Networks, Tri Pointe Homes, Dana Incorporated, DigitalBridge, Oil States International, Systems, Allegion, CenterPoint Energy, Equitrans Midstream Corporation, Expeditors International of Washington, Alto Networks, SolarEdge Technologies, Enovix Corporation, Caesars Entertainment, Diamondback Energy, Toll, Ternium S.A, Celanese Corp, Chesapeake Energy, CVR Energy, Reserve, Vertiv Holdings Co, Properties Trust, Devices, HSBC Holdings plc, HSBC, Lomb, Sinclair Corporation, Pagaya Technologies, Gibraltar Industries, Garmin, NVIDIA, Rivian Automotive, Sunnova Energy International, Bros, Apache, Oil, Suncor Energy, Co, FNF, Sciences, Coeur D'Alene Mines, Trip.com, Joby Aviation, Resources, Alamos, Jackson, Nutrien, NTR, Pan, Sm Energy Company, Health, Newmont, Nikola Corporation, Cheniere Energy, Fiverr, Natural Resources, Point Credit, Lantheus Holdings, Builders, Grab Holdings, NICE, Dominion Energy, Harmony Biosciences Holdings, Teck Resources Limited, Intellia Therapeutics, Energy, Booking Holdings, Intuit, Semiconductor, Nation Entertainment, Vale S.A, Rocket Companies, Warner Bros ., AerCap Holdings, Natural Holdings, Calumet Specialty Products Partners, Frontier Communications, Jim Cramer's Charitable, CNBC, Lightrocket, Getty Locations: billings, Palo Alto, China, Xifaxan, Tri Pointe, Avista, Gibraltar, Coeur D'Alene, Pan American, Teck, Vale

☆ Buy this little-known digital infrastructure stock for more than 50% upside, JPMorgan says
▼ + stars: | 2023-09-28 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

The bank upgraded the stock to overweight from neutral and raised its price target to $25 from $19. DBRG YTD mountain DigitalBridge stock has climbed more than 51% from the start of the year. "The transformed DigitalBridge is a direct way for investors to benefit from digital infrastructure investment management on a global basis without being fully invested to one vertical or region," Choe said. "Investors are looking for focused alternative asset managers and digital infrastructure is highly attractive given long-term growth prospects, scale and return potential." "We believe DBRG will be able to raise capital in a more stable financial environment as rates level off and digital infrastructure gains broader appeal to pension, sovereign wealth and other infrastructure funds," he said.

Persons: DigitalBridge, Richard Choe, Choe, DBRG, Michael Bloom Organizations: JPMorgan

Aug 3 (Reuters) - Specialized cloud provider CoreWeave has raised $2.3 billion in a debt facility led by Magnetar Capital and Blackstone (BX.N) and collateralized by Nvidia chips, with the funds to be used to expand to meet rising AI workload, the company said on Thursday. Other lenders in the facility include Coatue and DigitalBridge (DBRG.N), as well as BlackRock, PIMCO, and Carlyle (CG.O). Nvidia-backed CoreWeave has seen a boost from the generative AI boom thanks to its purpose-built cloud infrastructure at scale. It has partnerships with AI startups and cloud providers, which it also competes with, to build clusters to power AI workload. CoreWeave also raised $421 million in equity this year led by Magnetar Capital at a valuation of over $2 billion.

Persons: Carlyle, Michael Intrator, CoreWeave, Krystal Hu, Conor Humphries Organizations: Magnetar Capital, Blackstone, Nvidia, Nvidia H100, CoreWeave, Microsoft, Google, Thomson Locations: BlackRock, PIMCO, Texas, U.S, New York

☆ Buy stocks like Amazon, which are undervalued and underappreciated ahead of earnings, analysts say
▼ + stars: | 2023-07-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Investors combing for value ahead of another big week of earnings should look no further, according to analysts. CNBC Pro looked through top Wall Street research to find stocks that are underappreciated as earnings season continues. Meanwhile chatter around the stock remains mostly balanced and positive, according to UBS. "We model an ~8% 5-yr. EPS CAGR and rate the stock buy as we believe this growth potential remains underappreciated," Serna said. ... We model an ~8% 5-yr. EPS CAGR and rate the stock buy as we believe this growth potential remains underappreciated."

Persons: Mauricio Serna, Lee, Wrangler, Serna, Jason Kupferberg, it's, Kupferberg, Matt Niknam, DigitalBridge, Niknam, Baird, Jassy, DBRG, Morgan Stanley Organizations: CNBC Pro, Kontoor Brands, International, Kontoor Brands UBS, UBS, Bank of America, Deutsche Bank, TAM

Brookfield and DigitalBridge are leading opposing bidding consortia in the auction for privately held DigitalBridge, the sources said, adding an outcome is expected by next month. The terms of Compass' debt allow for it to be taken over by a new owner without it being refinanced, one of the sources said. The Deal reported in February that Compass Datacenters was exploring a sale. Compass Datacenters, Brookfield Infrastructure Partners and DigitalBridge declined to comment. During the same month, Brookfield Infrastructure also acquired freight container lessor Triton International Ltd (TRTN.N) for about $4.7 billion.

Persons: Dealmaking, Brookfield, Milana Vinn, Anirban Sen, Daniel Wallis Organizations: Brookfield Infrastructure Partners, DigitalBridge, RedBird Capital Partners, Ontario, Azrieli, Brookfield Infrastructure, Reuters, Triton International, Boca, Thomson Locations: Brookfield, Dallas , Texas, Data4, Boca Raton , Florida, New York

☆ A leading fund manager warns that regional banks could cause 'financial Armageddon' — unless the government makes 2 crucial moves immediately
▼ + stars: | 2023-03-19 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Financial stress stemming from Silicon Valley Bank's collapse could spread, a top fund manager said. But that in itself is becoming an under-the-radar issue, he noted, as large banks' strength is now coming at the expense of regional banks — even those without issues. Since most regional banks aren't classified as "systemically important," their clients would be out of luck in the event of a bank failure, Hatfield noted. Unless the FDIC insures all deposits at all banks, Hatfield said that there will be no reason to put money in a non-protected regional bank. So they'll have a negative interest margin, they'll lose money, they'll get downgraded, and they'll go out of business."

☆ This little-known digital infrastructure stock can surge more than 25%, Deutsche Bank says
▼ + stars: | 2023-02-15 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

There's a big buying opportunity in DigitalBridge , an under-the-radar digital infrastructure company, according to Deutsche Bank. Analyst Matthew Niknam initiated the stock with a buy rating and a price target of $18 per share, implying upside of 26.3% from Tuesday's close. Niknam said the company's high-growth model and sector resilience make it a promising buy even ahead of a potential economic downturn. "DigitalBridge's high-growth, and increasingly asset-light business model represent a unique approach to investing in digital infrastructure," the analyst wrote in a Tuesday note. "Additionally, given the transition from a legacy REIT structure towards more of an alternative asset manager, the shares have lacked a true "home", likely explaining the discount vs. its more seasoned (and larger) alternative asset manager peers."

☆ Malaysia's TIME sells data centre stake to DigitalBridge for $440 mln
▼ + stars: | 2022-11-22 | by ( Gabriel Araujo | ) www.reuters.com time to read: +1 min

SINGAPORE, Nov 22 (Reuters) - Malaysian telecoms firm TIME dotCom (TCOM.KL) is selling a major stake in its data centre business to U.S. infrastructure investor DigitalBridge Group (DBRG.N) for about 2 billion ringgit ($437.64 million), the companies announced on Tuesday. TIME will sell 49% of the ordinary shares and 100% of the irredeemable convertible preference shares in AIMS Data Centre Holding, and 21% of the ordinary shares in AIMS Data Centre (Thailand), according to the statement. Proceeds from the stake sales will be partly used by TIME to pay a special dividend of up to 1 billion ringgit to its shareholders, TIME's Commander-in-Chief Afzal Abdul Rahim said in the statement. The deal gave the AIMS business an enterprise value of 3.2 billion ringgit and compares to the 119 million ringgit TIME paid to buy it in 2012, according to the company. AIMS' current book value is 240 million ringgit.

Barrack was also acquitted of obstruction of justice and making false statements to FBI agents in 2019 about his interactions with Emirati officials and their representatives. Barrack raised money for Trump during the 2016 campaign and chaired Trump's 2017 inaugural committee. Also receiving a pardon was Paul Manafort, Trump's 2016 campaign chairman, who had been found guilty in 2018 of financial wrongdoing and sentenced to 7-1/2 years in prison. During his testimony, Barrack told jurors he never agreed to be a UAE agent or asked Trump for a pardon. Barrack's lawyers acknowledged that he sometimes sought feedback from Emirati officials, but that any impact on U.S. policy or public opinion was insignificant.

☆ Jury weighs whether Trump ally Barrack was a foreign agent and lied about it
▼ + stars: | 2022-11-02 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

[1/3] Tom Barrack watches jury selection in a courtroom sketch in New York City, U.S. September 19, 2022. Tom Barrack, a private equity executive and onetime fundraiser for former President Donald Trump is charged with acting as a foreign agent without notifying the U.S. government as required. Barrack, 75, is also accused of obstruction of justice and making false statements to FBI agents in 2019 about his interactions with Emirati officials and their representatives. Barrack testified in his own defense during the trial, telling jurors he never agreed to be a UAE agent. Sam Nitze, a prosecutor, countered in a rebuttal that Emirati officials were "thrilled" at Barrack's comments about the country and its leaders during television interviews.

☆ Jury begins deliberating in Trump ally Barrack's 'foreign agent' trial
▼ + stars: | 2022-11-02 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

He argues that even when his interests aligned with the UAE's, he was acting on his own accord and not subject to Abu Dhabi's direction. Barrack's lawyers did not dispute that he had been in touch with Emirati officials and occasionally sought their feedback, but they said any impact on U.S. policy or public opinion was insignificant. Sam Nitze, a prosecutor, countered in a rebuttal that Emirati officials were "thrilled" at Barrack's comments about the country and its leaders during television interviews. He said the law was designed to make sure the U.S. government knew when someone was acting as a "mouthpiece" for a foreign government. Reporting by Luc Cohen in New York, Editing by William MacleanOur Standards: The Thomson Reuters Trust Principles.

☆ Trump ally Barrack traded access for UAE money, prosecutors say as trial nears end
▼ + stars: | 2022-11-01 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

[1/2] Thomas Barrack, a billionaire friend of Donald Trump who chaired the former president's inaugural fund, exits the Brooklyn Federal Courthouse in Brooklyn, New York, U.S., October 3, 2022. Abu Dhabi then invested $374 million from its sovereign wealth funds with Barrack, prosecutors say. "Mr. Barrack traded his political access for a long-term relationship with top UAE officials ... who controlled vast oil wealth," Ryan Harris, an assistant U.S. attorney, told jurors on Tuesday. Barrack himself took the stand last week, testifying that he never agreed to act at Abu Dhabi's direction or control. Reporting by Luc Cohen in New York; Editing by Noeleen Walder and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ EXCLUSIVE KKR raises $6 bln for biggest Asia infrastructure fund -sources
▼ + stars: | 2022-10-28 | by ( Anshuman Daga | ) www.reuters.com time to read: +3 min

HOTBED FOR DEALSLike the debut infrastructure fund that made more than a dozen investments, KKR's latest one will target renewables, telecom towers, power, utilities and transportation infrastructure, among others, the sources said. This year alone, funds backed by the likes of KKR, Macquarie, infrastructure investors DigitalBridge (DBRG.N) and Stonepeak have struck deals for tens of thousands of telecom towers in the Philippines. Earlier this month, a top executive at Permodalan Nasional Bhd, Malaysia's largest asset manager, told Reuters that it plans to add infrastructure assets into its portfolio from 2023. Last year, 19 Asia Pacific-focused infrastructure funds raised a total of $10.3 billion, Preqin data showed. Last month, Neil Arora, a veteran infrastructure dealmaker from Macquarie, joined KKR as the head of its energy transition team for Asia Pacific.

☆ Barrack testifies he told Trump to use Khashoggi murder to end Qatar blockade
▼ + stars: | 2022-10-27 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

Barrack, 75, is not charged with acting as a Saudi agent, but the country is close with the UAE. U.S. intelligence says the murder of Khashoggi, a Saudi insider-turned-critic, was approved by Crown Prince Mohammed bin Salman, the de facto ruler. The blockade of Qatar by Saudi Arabia, the UAE and others began in 2017. Prosecutors say that during the blockade, Barrack told Rashid Al Malik - an associate also accused of being an Emirati agent - that the United States was considering hosting a summit to resolve the conflict. Al Malik, who is at large, then told UAE officials about the possible meeting, prosecutors say.

☆ Trump ally Barrack can be questioned on Khashoggi comments, Saudi nuclear plans
▼ + stars: | 2022-10-26 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +4 min

While Barrack is not charged with acting as a Saudi agent, the country and the UAE are close allies. Cogan also said he would let prosecutors ask Barrack about a plan he pushed in the early days of the Trump administration to construct 40 nuclear plants in Saudi Arabia and elsewhere in the Middle East. Barrack is not charged with any crimes over the civil nuclear plan, which fell through. One of prosecutors' major charges is that Emirati officials provided input to Barrack on what Trump should say in the speech. Reporting by Luc Cohen in New York; editing by Jonathan Oatis and David GregorioOur Standards: The Thomson Reuters Trust Principles.

They say Emirati sovereign wealth funds invested $374 million in Barrack's private equity firm Colony Capital, now known as DigitalBridge Group Inc (DBRG.N), in 2017 and 2018. Barrack's defense has argued his close relationship with Qatar shows he was not an Emirati agent. To prove Barrack was a UAE agent, prosecutors must prove he agreed to act under the Middle Eastern country's direction or control. In a post on his Truth Social platform on Sunday night, Trump said he did not believe Barrack was a UAE agent, and that Barrack never spoke to him about speeches or "what to say on this subject." "Tom Barrack is a highly respected businessman whose DREAM was to see PEACE IN THE MIDDLE EAST, a very good and noble thing," Trump wrote.

☆ Trump ally Barrack to testify in own defense at 'foreign agent' trial
▼ + stars: | 2022-10-21 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

Companies DigitalBridge Group Inc FollowNEW YORK, Oct 21 (Reuters) - Tom Barrack, a onetime fundraiser for former U.S. President Donald Trump, is expected to take the witness stand in his own defense next week in his trial on charges of being an illegal foreign agent for the United Arab Emirates. Barrack's lawyer Randall Jackson said in open court on Friday that Barrack would the stand Friday afternoon. Later, prosecutor Sam Nitze said he expected to take substantial time to cross-examine the current witness, former Barrack lawyer Brady Cassis, meaning Barrack would not take the stand Friday. Barrack, 75, has pleaded not guilty, as has his co-defendant Grimes. Even in instances where his interests and goals aligned with the UAE's, he was acting on his own volition, they said.

Federal prosecutors in Brooklyn say Barrack, 75, used his influence with the Trump campaign and administration to push the United Arab Emirates' interests without notifying the U.S. attorney general, as required by law. Cogan said there was therefore "some indication of bias" from Mnuchin's testimony given that the UAE would likely not want a jury to convict Barrack. He said he would nonetheless limit prosecutors' ability to detail the "mind-boggling" amounts of money involved in Mnuchin's dealings with the UAE. The trial began on Sept. 19, and prosecutors rested their case earlier this week. Mnuchin is not the first former Trump administration official to take the stand in the case.

☆ Trump ally Barrack's trial on foreign agent charges moves to opening statements
▼ + stars: | 2022-09-21 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

Tom Barrack watches jury selection in a courtroom sketch in New York City, U.S. September 19, 2022. Tom Barrack, a private equity executive and onetime fundraiser for former President Donald Trump is charged with acting as a foreign agent without notifying the U.S. government as required. Register now for FREE unlimited access to Reuters.com RegisterThey intend to argue that their interactions with UAE officials were part of their work for DigitalBridge, then known as Colony Capital. Trump may be called as a witness at the trial, Cogan told several jurors. read moreBefore opening statements on Wednesday, prosecutors will eliminate six jurors of their choice, while the defendants will together strike 13.

☆ Trump may be called to testify at ally's foreign agent trial, judge says
▼ + stars: | 2022-09-19 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

U.S. District Judge Brian Cogan in Brooklyn told several prospective jurors for Barrack's trial about the prospect of Trump testifying to gauge whether they might be biased against the defendant. Barrack raised money for Trump during the 2016 presidential campaign and chaired Trump's 2017 inaugural committee. Twelve jurors and four alternates are due to serve in the trial, which is expected to last about one month. Cogan dismissed one prospective juror who said she did not like Trump, prompting the judge to ask if she could set her feelings aside. the prospective juror asked.

☆ Trump ally's trial on foreign agent charges kicks off with jury selection
▼ + stars: | 2022-09-19 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

Tom Barrack, CEO of Colony Capital, speaks at the Republican National Convention in Cleveland, Ohio, U.S. July 21, 2016. The two defendants intend to argue that their interactions with UAE officials were part of their work for DigitalBridge, then known as Colony Capital. read moreU.S. District Judge Brian Cogan told potential jurors not to "exaggerate potential unavailability" to try to get out of service. "You're going to find this trial, if you're chosen as a juror, to be particularly interesting," Cogan told them. Barrack's lawyers have said the U.S. State Department, and Trump himself, knew of his contacts with Middle East officials, showing that Barrack did not intend to be a foreign agent.

☆ Trump ally's trial on foreign agent charges to start with jury selection
▼ + stars: | 2022-09-19 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

Tom Barrack, CEO of Colony Capital, speaks at the Republican National Convention in Cleveland, Ohio, U.S. July 21, 2016. REUTERS/Jim Young/File PhotoNEW YORK, Sept 19 (Reuters) - Jury selection is set to begin on Monday in the trial of Tom Barrack, the private equity executive and onetime fundraiser for former President Donald Trump, on charges he acted as a foreign agent without notifying the U.S. government. read moreBarrack, who chaired Trump's inauguration committee, has pleaded not guilty, as has his former assistant and co-defendant Matthew Grimes. Register now for FREE unlimited access to Reuters.com RegisterThey intend to argue that their interactions with UAE officials were part of their work for DigitalBridge, then known as Colony Capital. Barrack's lawyers have said the U.S. State Department, and Trump himself, knew of his contacts with Middle East officials, showing that Barrack did not intend to be a foreign agent.

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