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Moderna — The pharmaceutical company lost more than 8% Monday, making it the biggest decliner in the S&P 500. Enphase Energy — Shares lost 2.6% after Citi lowered its price target on shares to $170 from $209 while keeping its buy rating. The new price target implies 41% upside from Friday's close. Analyst Chris Quintero highlighted the growth opportunity for the company following a strong investment cycle. The investment bank bumped up the stock's price target to $40 from $37, citing Simply Good Foods' diverse product offering and shifting consumer preferences to healthier choices as catalysts.
Persons: Bernstein, Needham, Noubar Afeyan, Moderna's, Goldman Sachs, Mark Delaney, PayP, Ralph Lauren —, Ralph Lauren's, TD Cowen, Cowen, Tenable, Morgan Stanley, Chris Quintero, Raymond James, ASGN, Wells Fargo, , Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: — Petroleum refiners Valero Energy, Marathon Petroleum, West Texas Intermediate, Brent, Energy, Arm, Nasdaq, Securities and Exchange Commission, Pharmaceutical, Pfizer, U.S, Tesla, PayPal, MoffetNathanson, Guggenheim, Enphase Energy, Citi, Tenable Holdings, Mizuho, Aldi, Lowe's, Micron Technology, Deutsche Bank, Paramount, Disney, Warner Bros Discovery, Iridium Communications, Iridium Locations: Valero Houston, Houston , Texas, U.S
Billionaire investor Ron Baron is one rare active manager that has been outperforming the market since the 1980s, thanks to his eye for long-term growth. The 80-year-old investor founded Baron Capital in 1982, and 16 of his 19 mutual funds representing 98.8% of the firm's asset under management have beaten their benchmark since their inception dates. Similarly, Baron Capital considers stocks as representing part ownership of publicly traded businesses. The Baron Capital chairman and CEO has been known as a longtime bull in Tesla , a stock with a 46% weighting in the Partners fund. Baron Capital managed about $40 billion at the end of 2022.
Persons: Ron Baron, Morningstar, Baron, Warren Buffett's, Tesla, Charles Schwab Organizations: Baron Capital, Baron Partners Fund, Partners, SpaceX, Iridium Communications, Arch Capital Group, FactSet Research, Hyatt Hotels Locations: Tesla
Cramer's lighting round: Teck Resources is a buy
  + stars: | 2023-01-23 | by ( Krystal Hur | ) www.cnbc.com   time to read: 1 min
Loading chart...Paysafe Ltd : "It is a good company. I bless that for a trade to $25." Loading chart...Teck Resources Ltd : "I am going to bless it." Loading chart...R1 RCM Holdco Inc : "I like your choice." Loading chart...Iridium Communications Inc : "I'm not as inclined to buy the stock up here."
Jan 5 (Reuters) - Qualcomm Inc (QCOM.O) has partnered with Iridium Communications Inc (IRDM.O) to provide a satellite-based messaging service on premium smartphones running Google's Android operating system, the chipmaker said on Thursday. The partnership comes months after Apple Inc (AAPL.O) unveiled a similar feature allowing iPhone 14 models to send emergency messages via satellite in some countries such as the United States and Canada. Those phones also contain a Qualcomm chip that can talk to satellites when there is no Wi-Fi or cellular data connection. Qualcomm said on Thursday the new service, Snapdragon Satellite, will be available in certain regions from the second half of 2023 starting devices using the second generation Snapdragon 8 mobile platform. Snapdragon Satellite can also be enabled on other devices including laptops, vehicles and tablets, it added, without specifying if those devices would need any special equipment.
Longtime investor Ron Baron's mutual fund has been the the biggest winner over the last five years as his top growth picks reaped outsized returns. The fund is focused on U.S. companies of any size with significant growth potential. The top holding of the fund by far is Elon Musk 's Tesla, with a 52% portfolio weighting at the end of the third quarter. Baron has been a longtime bull in Tesla . A relatively new holding Baron bought in 2019 is Iridium Communications , a long-time provider of satellite communications to specialized phones.
Cramer's lightning round: Western Union is not a buy
  + stars: | 2022-10-12 | by ( Krystal Hur | ) www.cnbc.com   time to read: 1 min
Loading chart...Plug Power Inc : "It's losing money. And when a stock is losing money, it goes down." Loading chart...Western Union Co : "I used to believe in them. But they have no growth whatsoever. Loading chart...Roblox Corp : "It's a fabulous company, but it doesn't make money, and that's a problem."
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