DIRS.INFO The most relevant business & tech news

☆ How previous investing mistakes are shaping my thinking on the latest stock gone wrong
▼ + stars: | 2024-05-05 | by ( Jim Cramer | ) www.cnbc.com time to read: +19 min

Three times a day we would gather "off the desk," and I would have to defend every stock we owned. First, there's the obvious mistakes that we have made: Bausch Health and Foot Locker . To signify the changes, he renamed it Bausch Health in 2018, after the eye-care company Valeant bought for $8.7 billion five years earlier. We thought the IPO market would come back, and Bausch Health would win the lawsuit and all would be back on track. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jeff Marks, Karen Cramer, Cramer, Karen, Max Palevsky, It's, Joseph Papa, Clint Eastwood, Papa, Jim Cramer, Valeant, Bausch, Locker, Mary Dillon, Dillon, Wall, Emerson, Cristiano Amon, Laxman Narasimhan, Howard Schultz, Narasimhan, Benckiser, Kevin Johnson, Schultz, Johnson, it's, —, Foot Locker, Jim Cramer's, Jim Organizations: Cramer &, Intel, Charitable Trust, Co, Starbucks, Bausch Health, Pharmaceuticals, Perrigo, Health, Norwich Pharmaceuticals, Former, Emerson Electric, Qualcomm, National, Eaton Corp, Broadcom, Palestine, PepsiCo, Nestle, Elliott Management, Emerson, CNBC, Getty Locations: China, —, Israel, U.S, BHC, FL, Jinan, East China's Shandong province

☆ Trump’s bombardment of dishonesty: Fact-checking 32 of his false claims to Time
▼ + stars: | 2024-05-04 | by ( Daniel Dale | ) edition.cnn.com time to read: +43 min

We’re paying for close to 100% of NATO.”Facts First: Trump’s claim is false. They don’t pay their bills.”Facts First: Trump’s claim is false. (It rose to about $314 billion in 2020, Trump’s last full year in office.) Facts First: Trump’s claim is false. Facts First: Trump’s claim that “nobody died other than Ashli” is false.

Persons: Donald Trump, Trump, “, William Barr, Bill Barr, Barr, Bill, I’m, ”, it’s, Biden, Joe Biden, Tamar Hermann, Hermann, Bill Clinton, “ Trump, ” Trump, …, National Guard Trump, I’ve, George Floyd, Tim Walz, Walz, Paul —, –, Erwan, George Washington, “ don’t, they’re, Stoltenberg, Trump’s, Lagadec, Marc Lipsitch, Barack Obama, European Union won’t, Cortellessa, “ Moody’s, Moody’s, Mark Zandi, Zandi, ’ ” Zandi, Joe Biden’s, rioter Ashli Babbitt, Brian Sicknick, Sicknick, Trump’s ‘, patriotically, ‘, patriotically ’, ” Nancy Pelosi, Nancy Pelosi, “ Nancy Pelosi, Pelosi, Christopher Miller, Miller, Eric Cortellessa, Alvin Bragg’s, Bragg, Matthew Colangelo, Colangelo, Alvin Bragg, ” Cortellessa, Hillary Clinton, —, Roe, Wade, Kimberly Mutcherson, “ Donald Trump’s, Maya Manian, Mary Ziegler, Davis, Ziegler, Ruth Bader Ginsburg, Roe should’ve, ’, Crime Biden, don’t, “ Biden, he’s, James Biden, Jeff Asher, Asher, It’s, ” “, ” Asher Organizations: Washington CNN, Time, Trump, NATO, Capitol, Trump’s, Trade Center, didn’t, World Trade Center, Department, ISIS, CNN, Democratic, White House, White, South Korea Trump, Pentagon’s Defense Manpower Data, Biden Administration, Congressional Research Service, Israel, Israeli Democracy Institute, National Guard, Minnesota Democratic Gov, Minnesota National Guard, Guard, North Atlantic Treaty Organization, George Washington University’s Elliott School of International Affairs, Transatlantic, for Disease Control, World Bank, Washington Post, Harvard, Harvard’s, National, Trump -, of Health, Human Services, Strategic, Biden, U.S . International Trade Commission, European, Benz, Volkswagen, BMW, European Union, US, European Automobile Manufacturers ’ Association, Bloomberg Economics, US Capitol Police, Capitol Police, “, Republican, Democratic Rep, National Guardsmen, District of Columbia National Guard, Army, Capitol Police Board, Senate, Justice Department, Pulitzer Foundation, Pulitzer, New York Times, Electoral, Democrat, ” Rutgers Law, American University, university’s Health, University of California, ”, Customs, Border Protection, Crime, Manchurian, Republicans, FBI Locations: “, New York City, Saudi, Florida, al Qaeda, New York, Texas, Mexico, South Korea, Trump , South Korea, South, Korea, Israel, Washington, Trump , Minneapolis, Minneapolis, Trump, Minnesota, St, United States, Germany, Brussels, Belgium, Harvard University, China, EU, DC, Trump’s, ”, York, Manhattan, York’s, Russia, That’s

☆ Powell will interpret any data he can in a dovish way, says 3Fourteen's Warren Pies
▼ + stars: | 2024-05-03 | 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 EmailPowell will interpret any data he can in a dovish way, says 3Fourteen's Warren PiesWarren Pies, 3Fourteen Research co-founder, and Bob Elliott, Unlimited CEO & CIO, join 'Closing Bell Overtime' to talk the day's market action.

Persons: Powell, Warren, Bob Elliott Organizations: 3Fourteen Research, CIO

☆ Reading the charts on this AI play to find the right price to buy on the dip
▼ + stars: | 2024-04-30 | by ( Todd Gordon | ) www.cnbc.com time to read: +2 min

Is the company re-inventing itself as one of the premier players in the AI server business? But there are headwinds that have the analyst community concerned about a moderate pullback in AI infrastructure spend by corporate management teams. Let's examine the weekly Relative Rotation Graph of 3 key hardware stocks Apple (AAPL), Super Micro Computer (SMCI), and Dell (DELL). Turning to the technical price chart of Dell, we see this chart falling into an triangle consolidation pattern, which according to the Elliott Wave principle has 5 swings of lower-highs and higher-lows. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Dell, SCMI, Elliott, Todd Gordon Organizations: Dell Technologies, Apple, Micro, Dell, DELL, Inside Edge

☆ My nanny share was more expensive than day care — and more work
▼ + stars: | 2024-04-29 | by ( Elliott Walker | ) www.businessinsider.com time to read: +4 min

A day care would've been cheaper and we would've done less admin work. At day care, she'd be one of 10 babies in a class, which I (incorrectly) assumed would mean a lower level of care. So yes, if we had been set on using a nanny instead of day care, doing a share would have saved us money. Related storiesBut a nanny share compared to day care? For us, that was the final straw on the big pile of reasons to stop the nanny share.

Persons: —, she'd, you'd, she's, we've Organizations: Service

☆ Stocks making the biggest moves after hours: Paramount, NXP Semiconductors, Chegg, F5 and more
▼ + stars: | 2024-04-29 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The news comes as Paramount posted per-share earnings of 62 cents, topping the 36 cents anticipated by analysts polled by LSEG. First-quarter earnings of 24 cents per share surpassed an estimate of 11 cents per share from Factset. Second-quarter earnings and revenue guidance also came in better than expected. F5 — The application security cloud company dropped 9% after F5 issued disappointing third-quarter revenue guidance of $675 million to $695 million, compared to the $695 million LSEG consensus estimate. Second-quarter revenue of $681 million also missed the $685 million anticipated by analysts.

Persons: Bob Bakish, LSEG, Chegg, Medifast, Coursera, Woodward, Jeff Cote, Martha Sullivan, Sensata, Phillip Eyler Organizations: Paramount, CBS, LSEG, Sensata, Elliott Investment Locations: LSEG ., Factset .

☆ Mike Tyson details regime of abstinence as bout with Jake Paul is sanctioned as professional fight
▼ + stars: | 2024-04-29 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Mike Tyson is clearly taking his fight with Jake Paul seriously as he detailed elements of his training regime, which he says includes not smoking marijuana as well as abstaining from sex. Tyson, 57, will return to the ring to face YouTuber-turned-boxer Paul at AT&T Stadium in Arlington, Texas on July 20. The 57-year-old has also started his own cannabis brand, Tyson 2.0, with Forbes estimating it generated $150 million in revenue last year. “Why did God, the universe, whatever we believe, why am I the face of it?” Tyson said. “An uneducated guy, Mike Tyson, why am I the face of cannabis and psychedelics?

Persons: Mike Tyson, Jake Paul, Tyson, Paul, ” Tyson, “, Damon Elliott, Elliott, ”, Mike ”, Roy Jones Jr, Tommy Fury, Tyson Fury, Andrew Golota, Evander Holyfield’s, Tyson’s, Holyfield, Lakiha Spicer, Holyfield –, Mike, ’ Tyson, Chris Unger, Forbes Organizations: CNN, T, Forbes Life, Texas Department, Dallas Cowboys, YouTube, Forbes, UFC, Mobile Locations: Arlington , Texas, Michigan, Las Vegas , Nevada

Emory University: 28 people were arrested, including 20 Emory community members, during a protest at the school, Vice President for Public Safety Cheryl Elliott said. Brown University: The university identified about 130 students who it alleges violated a school conduct code that forbids encampments on campus. George Washington University: DC Metropolitan Police were asked to assist in relocating an “unauthorized protest encampment” on campus, university president Ellen M. Granberg said. Northeastern University: An encampment formed at Northeastern University in Boston, where dozens of protesters were seen forming a human chain around several tents. Other campuses: Since last Thursday, there have been protests at several campuses, including the Massachusetts Institute of Technology, University of Texas at Austin, University of Michigan, University of New Mexico, University of California, Berkeley, Yale University, Harvard University, Princeton University and the University of Minnesota’s Twin Cities campus.

Persons: —, Minouche, Shafik, Cheryl Elliott, Jay Bernhardt, Ellen M, Granberg, GWPD Organizations: New York's Columbia University, Columbia University, The New York Times, University of Southern, Emory University, Emory, Public, Troopers, Georgie State Patrol, Democratic, Georgia State Patrol, Emory . Brown University, Students, Emerson College, Boston, Boston Police Department, Indiana University, George Washington University, DC Metropolitan Police, University of California, UCLA, Northeastern University, Massachusetts Institute of Technology, University of Texas, Austin , University of Michigan, University of New, Yale University, Harvard University, Princeton University, University of Minnesota’s, University of Minnesota’s Twin Cities Locations: Israel, Gaza, University of Southern California, Democratic Georgia, Los Angeles, Boston, University of New Mexico, Berkeley, University of Minnesota’s Twin

Microsoft and a major chemical stock were among Friday's biggest analyst calls. He also lowered his price target by $1 to $25, which implies shares can fall roughly 19% from Thursday's close. Sandler increased his price target by $27 to $200, which implies 26.6% potential upside. JPMorgan: Analyst Mark Murphy added $30 to his price target, which is now at $470. He also hiked his price target to $61 from $55, which implies upside of 8% going forward.

Persons: Morgan Stanley, Mobileye, Adam Jonas, Jonas, — Pia Singh, Stifel, Stanley Elliot, Elliott, Alphabet's, Oppenheimer, Jason Helfstein, Ross Sandler, Sandler, Brent Thill, Google's, Justin Post, Post, Wall, Raimo Lenschow, Wells, Michael Turrin, MSFT, Turrin, Mark Murphy, Murphy, Keith Weiss, Weiss, Jeffrey Zekauskas, Zekauskas, Dow, Fred Imbert Organizations: CNBC, Microsoft, JPMorgan, Dow Inc, TAM, Caterpillar, Google, Barclays, –, Jefferies, Bank of America, DOW Locations: Israel, Thursday's, reaccelerate, Wells Fargo

☆ Elliott takes $1 billion stake in Anglo American as miner faces takeover interest
▼ + stars: | 2024-04-26 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Elliott Management has built a roughly $1 billion stake in miner Anglo American in recent months, a person familiar with the matter told CNBC. Anglo American shares were up 5% on the news Thursday. News of the activist's position comes as the $43 billion, London-based miner faces takeover interest from BHP, a mining giant with worldwide operations. Anglo rejected BHP's $39 billion takeover offer Friday morning, saying BHP's offer "significantly undervalues Anglo American and its future prospects." Anglo American declined to comment.

Persons: Elliott, Stuart Chambers, BHP, CNBC's Karen Gilchrist Organizations: Elliott Management, CNBC, BHP, Bloomberg Locations: London, Australia

☆ Check out the pitch deck productivity startup Read AI used to land $21 million to fuel its meeting-summary generator
▼ + stars: | 2024-04-24 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

The startup, Read AI, closed a $21 million Series A funding round in April. Goodwater Capital led the round, with participation from existing investor Madrona Venture Group, which led the startup's $10 million seed round in 2021. David Shin, who co-founded Read AI alongside Robert Williams and Elliott Waldron, told Business Insider that the generative AI boom over the last year has supercharged what the startup can offer clients. Read AI offers multiple pricing plans, including a basic, free version for individual users as well as enterprise and enterprise plus accounts that cost $22.50 and $29.75 a month per user, respectively. Check out the 23-slide presentation Read AI used to raise $21 million in Series A funding.

Persons: David Shin, Robert Williams, Elliott Waldron, Read Organizations: Goodwater Capital, Madrona Venture Group, Business, Microsoft, Google, Read, Bloomberg Locations: Seattle

☆ Tesla shares have taken a beating this year. Here's where they could find support, charts show
▼ + stars: | 2024-04-23 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

Tesla recently made new yearly lows with no apparent support level in sight until another 30% lower at the early 2023 bottom of $101.81. We're heading into Q1 earnings this evening plagued with a plethora of negative news headlines clouding this stock. Tesla shareholders, me included, are coming to the realization that consumer appetite for electric vehicles combined with increased competition are significant headwinds for the stock. All that being said, the phrase "it's always darkest before the dawn" usually applies to beaten-down fundamental stories that are approaching technical support. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Tesla, Cybertruck, Elliott, Elon Musk, — Todd Gordon, Todd Gordon, TSLA Organizations: Tesla, Inside Edge, Inside Edge Capital Management Locations: Europe, Asia, Elon

☆ Tech's earnings bonanza this week shines spotlight on growing troubles at Tesla, Google
▼ + stars: | 2024-04-22 | by ( Hayden Field | ) www.cnbc.com time to read: +10 min

Justin Sullivan | Getty ImagesAs tech's behemoths get set to report earnings this week, they do so facing a mountain of drama. Tesla kicks off tech earnings season after the close of trading on Tuesday, with shares of the electric vehicle maker trading at their lowest since January 2023. When it comes to AI, Meta debuted its assistant — Meta AI — on WhatsApp, Instagram, Facebook and Messenger last week. Loren Elliott | Bloomberg | Getty ImagesOn a busy Thursday for tech earnings, Alphabet is likely to capture the most attention. On Thursday, Alphabet CEO Sundar Pichai announced a consolidation of the company's AI teams, including responsible AI and related research teams, under the Google DeepMind umbrella.

Persons: Sundar Pichai, Justin Sullivan, tech's behemoths, Tesla, Microsoft's, Lip, CNBC's, we've, Brandon Bell, Drew Baglino, Rohan Patel, Musk, John Murphy, Meta, Mark Zuckerberg, Wall, OpenAI's ChatGPT, Joe Biden, Republican Donald Trump, Loren Elliott, Ruth Porat, Thomas Kurian's, livestreamed, Pichai, that's, Satya Nadella, Sam Altman, Altman, OpenAI, chatbot, MSFT Organizations: Inc, Government, Society, Google, Big Tech, Nvidia, BakerAvenue Wealth Management, Tech, Meta, Microsoft, Getty, Elon Musk's EV, Bank of America, Reality Labs, Facebook, Republican, Bloomberg, CNBC, Google Cloud, Union, Apple, Guggenheim Locations: Stanford , California, Austin , Texas, New York, Sunnyvale , California, Sunnyvale, Seattle, San Francisco , California, OpenAI, Mistral, U.S

☆ Salvador Dalí will take your call via lobster phone
▼ + stars: | 2024-04-22 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

Read previewSalvador Dalí is now a lobster phone call away. The bot speaks with grandiose, flowery language, often injecting references to surrealism, dreams, life, and death — subjects the real Dalí explored on the canvas. Because of its guardrails, it tends to be more upbeat than the real Dalí may have been in certain situations, Ludvigsen said. As for whether Dalí would approve of his likeness being used, AI Dalí told BI that becoming digitized is a "splendid metamorphosis." And Dalí scholar Elliott King told NPR he believes the late artist may enjoy knowing his voice will live on through his lobster phone.

Persons: —, Dalí, Salvador Dalí, Goodby Silverstein, Martin Pagh Ludvigsen, Silverstein, Ludvigsen, There's, Marilyn Monroe, we'll, Monroe, Drake, Tupac Shakur, Kendrick Lamar, Elliott King, King Organizations: Service, Business, Partners, Southwest, NPR Locations: Florida, South, Texas

☆ Counterfeit Botox has been found in several states. Here’s what consumers should know.
▼ + stars: | 2024-04-16 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +11 min

CNN —The US Food and Drug Administration is warning that dangerous counterfeit versions of Botox have been identified in multiple states, putting the safety of consumers at risk. The incidents of counterfeit Botox being administered to consumers appear to be connected to products that have been purchased from unlicensed sources and then administered by either unlicensed or licensed providers. The counterfeit Botox products may be identified by the lot number C3709C3 found on the outer carton and vial, the FDA said. Counterfeit botox has been found in several states. Most often, when counterfeit Botox is sold, “the injector knows they’re purchasing something counterfeit,” Sung said.

Persons: Washington –, Botox, Lavanya Krishnan, Arya Derm, ” Krishnan, Krishnan, Allergan, ”, “, Jimmy Sung, you’re, can’t, ” Sung, Michael Cameron, Cameron, ” Cameron, Sung, “ I’m, I’ve, Steven Williams, ” Williams, Dr, Sanjay Gupta, Cynthia Elliott, ” Elliott Organizations: CNN, Food and Drug Administration, FDA, US Centers for Disease Control, CDC, American Board of Cosmetic, Revance Therapeutics, Merz Aesthetics, Tribeca Aesthetics, Cameron Dermatology, Mount Sinai Health, American Society of Plastic Surgeons, “, CNN Health Locations: – Colorado, Florida , Illinois , Kentucky , Nebraska , New Jersey , New York , Tennessee, San Francisco, United States, New York City, New York, Florida

☆ iPhone sales are plunging. Here’s why
▼ + stars: | 2024-04-15 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +3 min

CNN —Apple’s smartphone sales tumbled 10% last quarter, according to market research firm IDC, as sales in China fell sharply. Apple took the crown last year – but only for one quarter, as Samsung took the spot back. Samsung occupied about 20.8% of market share (or 60.1 million shipments) during the quarter, followed by Apple with 17.3% (50.1 million shipments). China remains an important market for Apple as it is the largest market behind the US. “As the overall smartphone market recovers this year, with a strong focus on AI, Samsung is in good position to grow further this year,” she added.

Persons: “, ”, Nabila Popal, “ It’s, ” Popal, Xiaomi, Loren Elliott, Huawei’s, Popal, “ We’re Organizations: CNN, IDC, Apple, Samsung, Android, Galaxy, Huawei Locations: China, San Jose , California, U.S, China . China, United States

☆ Nvidia is a buy on the pullback and headed toward a $1,150 target, according to chart analyst
▼ + stars: | 2024-04-12 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

A flagship stock like Nvidia (NVDA) takes a month-long breather and many investors want to throw in the towel on the uptrend and say enough is enough. The last time we spoke about NVDA was on Feb 21st just before the earnings report, while I was on a ski vacation. Turning down to the 195-minute chart (that is a half-day chart), we can fine tune our entry on this idea. I added a one-half position size to our short-term Active Opportunities portfolio with stops just below the $832 low. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: NVDA, it's, Elliott, Todd Gordon, Gordon Organizations: Nvidia, PPI, Inside Edge, Inside Edge Capital Management

☆ Bank earnings growth expectations 'might be a high bar', says John Hancock's Emily Roland
▼ + stars: | 2024-04-12 | 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 EmailBank earnings growth expectations 'might be a high bar', says John Hancock's Emily RolandEmily Roland, John Hancock co-chief investment strategist, and Bob Elliott, Unlimited CEO, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: John Hancock's Emily Roland Emily Roland, John Hancock, Bob Elliott Organizations: Email

☆ Minneapolis gives Uber and Lyft a reason to stick around — at least until July
▼ + stars: | 2024-04-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Lyft and Uber might hit reverse on plans to leave Minneapolis on May 1 over a new minimum wage for rideshare drivers set to go into effect on that day, if a city council measure passes Thursday. The issue stems from a March decision by the city council to override the mayor’s veto of a minimum wage for rideshare drivers, set at the local minimum wage of $15.57 an hour. The ordinance mandates rideshare drivers make at least $1.40 per mile and $0.51 per minute within Minneapolis. Now some council members want to amend the ordinance and lower the per-mile rate to $1.21, but maintain the proposed per-minute rate of $0.51. With this amendment, we can accomplish those goals.”The statement was released by Council President Elliott Payne and Council Members Katie Cashman and Aurin Chowdhury.

Persons: New York CNN — Lyft, Uber, Lyft, ” Uber, Jacob Frey, Frey, KARE, Elliott Payne, Katie Cashman, Aurin Chowdhury, Lyft didn’t Organizations: New, New York CNN, Minneapolis City, Twin, CNN, Minneapolis Star, Tribune Locations: New York, Minneapolis, Twin Cities, Minnesota

Raymond James raised its price target on Nvidia to $1,100, noting revenue momentum will stay strong. On a more sour note, Bank of America lowered its price target on Boeing to $190, citing risks around the company's ongoing safety issues. He raised his price target by $30 to $160, which suggests more than 25% potential upside for shares. Analyst Bryan Bergin initiated coverage of Mastercard with a buy rating and $545 price target, which indicates 16.2% potential upside. — Pia Singh 5:50 a.m.: Bank of America cuts Boeing price target Boeing's latest troubles made Bank of America even more skeptical on the stock's prospects.

Persons: Raymond James, Berenberg, Andres Castanos, Mollor, — Pia Singh, Bernstein, Johnson, Callum Elliott, Kenvue, Elliott, Lorraine Hutchinson, Hutchinson, Nike's, TD Cowen, Bryan Bergin, Bergin, Blackwell, Srini Pajjuri, Ronald Epstein, Dave Calhoun, Epstein, Fred Imbert Organizations: CNBC, Nvidia, Bank of America, Boeing, Johnson, Nike, Mastercard, Visa, of America, New York Times Locations: Albemarle, underperform, China, Europe, Asia

☆ Modelo maker Constellation Brands is primed for market share gains but we still see one issue with the company
▼ + stars: | 2024-04-07 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Constellation Brands stock is looking like it could be ready to break out, with its strong beer business well-positioned for market share gains in the upcoming fiscal year. Morgan Stanley anticipates Constellation to continue gaining market share at the expense of Bud Light during this period. Since Constellation tends to boast industry-leading results in its beer business, we're confident it will deliver strong numbers again next week. Over the past few years, Constellation has been trying to boost sales in its wine and spirits business — shifting from lower-priced brands to more premium names. While wine and spirits make up a small part of Constellation's overall business, Jim has said it must go.

Persons: It's, Jim Cramer, Morgan Stanley, Jeff Marks, Jim, Bud Light, Marks, Piper Sandler, Newlands, Kim Crawford, Eli Lilly, Elliott, Jim Cramer's, Justin Sullivan Organizations: Constellation Brands, Anheuser, Busch Inbev, Modelo, Nielsen, Cinco de Mayo, Bud Light, Constellation, Piper, Elliott Investment Management, CNBC Locations: Corona, Pacifico, U.S, GLP, Modelo, San Rafael , California

☆ Stocks and commodities pricing in a 'no landing scenario', says Unlimited's Bob Elliott
▼ + stars: | 2024-04-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStocks and commodities pricing in a 'no landing scenario', says Unlimited's Bob ElliottBob Elliott, Unlimited co-founder, CEO, and CIO, joins 'Closing Bell Overtime' to discuss the day's market action.

Persons: Bob Elliott Bob Elliott

☆ What's more important? AI or the election.
▼ + stars: | 2024-04-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're announcing the finalists for our business, tech, and innovation bracket. What's on deck:This story is available exclusively to Business Insider subscribers. If you're just catching up, a few weeks ago we identified eight of the biggest trends in business, tech, and innovation. And then there were two: the AI race vs the US presidential election. Dan Rosen, founder and partner, Commerce Ventures:Advertisement"As a fintech investor, AI strikes me as more important.

Persons: —, we're, Chelsea Jia Feng, Readers, Bruce K, Lee, Dan Rosen, Ira Allen, Tracy Albert, Wendy Craft, Elle, Dodd, Frank, Zach Blank, Nick DiGiovanni, Adam Jeffery, Ian MacNicol, David Einhorn, Jesse Cohn, Greg Coffey, Goldman Sachs, Brian Robinson, Nelson Peltz's, James Park, would've, Justin Sullivan, Marissa Mayer's, Enrique Munoz Torres, Elon Musk, Musk, Lukas Schulze, it's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Keebeck Wealth, Commerce Ventures, CNBC, NBCU, Getty, Elliott Management, Sohn, Street Journal, Disney, UCLA, Yahoo, LinkedIn, Elon, Apple, Ford, Workers, Advertising Research, NCAA Locations: Europe, California, New York, London

☆ A wiser Greg Coffey, Elliott's Etsy love, and a return to fundamentals: A rundown of the hedge-fund industry's annual best-pitch conference
▼ + stars: | 2024-04-04 | by ( Bradley Saacks | ) 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. Read previewThe smart money gathered in Manhattan on Wednesday didn't spend their time pitching artificial-intelligence venture bets or bitcoin-linked trading products. At this year's Sohn conference, some of the biggest names in hedge funds — such as Greenlight's David Einhorn, Elliott's Jesse Cohn, and Kirkoswald's Greg Coffey — preached fundamentals and restraint. Even hedge funds that are constantly stirring the pot, such as Bridgewater and Paul Singer's Elliott Management, were even-keeled. The activist investor, who's become a recurring nightmare for anxious CEOs across the country, is not looking to burn anything down or start an M&A spree.

Persons: —, year's Sohn, Greenlight's David Einhorn, Jesse Cohn, Greg Coffey —, Einhorn, Elon Musk's Tesla, Greg Coffey, Oz, Moore —, Coffey, Paul Singer's Elliott, Ray Dalio, Karen Karniol, Elliott, Marc Steinberg, who's, You've, you've Organizations: Service, Business, Solvay, Paul Singer's Elliott Management, Bridgewater Locations: Manhattan, Belgium, Belgian, GLG, London, New York, Bridgewater, China

☆ Here are some big money blind spots you need to avoid, advisors say
▼ + stars: | 2024-04-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Here are some of the biggest financial blind spots, according to several certified financial planners on CNBC's Digital Financial Advisor Council. 1. Credit scoresConsumers often don't understand the importance of their credit score, said Kamila Elliott, CFP, co-founder and CEO of Collective Wealth Partners based in Atlanta. The average person with a credit score between 760 and 850 would get a 6.5% interest rate, according to national FICO data as of April 1. The latter's monthly payment would cost $324 more relative to the person with a better credit score — amounting to an extra $116,000 over the life of the loan, according to FICO's loan calculator. "Ten out of 10 people couldn't explain how the tax withholding system works," said Ted Jenkin, CFP, CEO and founder of oXYGen Financial based in Atlanta.

Persons: Kamila Elliott, Wills, Barry Glassman, I'm, Glassman, Elliott, That's, Ted Jenkin, Uncle Sam, Jenkin Organizations: Getty, Digital Financial, CFP, Wealth Partners, Consumer Financial, Bureau, Wealth Services, Westend61, Collective Wealth Partners, Business, Employers, Workers Locations: Atlanta

Search resuls for: "Elliott"

25 mentions found