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☆ Interest rates and the AI-fueled rally remain top of mind for stock investors in the week ahead
▼ + stars: | 2024-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +9 min

The Fed and economic policy were top of mind this week given the central bank's Wednesday decision to yet again leave interest rates unchanged , as it has since last summer. This week included the conclusion of April's trading month, which marked the first down month of the year for all three major market averages. Indeed, some recent earnings reports have raised doubts about the economy, with brands from McDonald's and Starbucks evidencing signs of strain among consumers. While no new inflation numbers are scheduled for release next week, investors will see reports on March wholesale inventories, March consumer credit and May consumer sentiment from the University of Michigan. AI trade Though interest rates took center stage this week, investors also continued monitoring companies tied to the artificial intelligence boom amid the stocks' recent choppiness.

Persons: they're, Jerome Powell, Larry Tentarelli, David Donabedian, Sam Stovall, There's, Stovall, Tom Hainlin, Tentarelli, CFRA's Stovall, Lyft, Cabot, Aramark, Tempur Sealy, Nikola, Walt Disney, Sally Beauty, Warby Parker, Krispy Kreme, Papa John's Organizations: Federal Reserve, Treasury, Nasdaq, Dow Jones, CIBC Private Wealth, Dow, CFRA, Citigroup, Bank of America, U.S, Bank Wealth Management, University of Michigan, Nvidia, Disney, Spirit Airlines, Tyson Foods, Pharmaceuticals, Lucid, Palantir Technologies, Simon Property, Tech, Lab, Goodyear Tire, Noble Corp, Vornado Realty, Coty, BellRing, Consumer, UBS, BP, Nintendo, Bloomin, Duke Energy, Rockwell Automation, Ferrari, NRG Energy, Electronic Arts, Cirrus, Adaptive Biotech, Arista Networks, Dutch Bros, Holdings, Virgin Galactic, IAC, Rivian Automotive, Brighthouse, Occidental Petroleum, Assurant, Kinross Gold, Labs, Diamond, Reddit, Anheuser, Busch InBev, Embraer, Health, United Parks & Resorts, Emerson Electric, Brookfield , New York Times, Food, Reynolds Consumer Products, Teva Pharma, Uber Technologies, Dine Brands, Liberty Broadband, Fox Corp, Cushman &, Liberty Media, Arm Holdings, Kodiak Gas Services, Solaredge Technologies, AMC Entertainment, Cheesecake, News Corp, Toyota Motors, Fair, US Foods, Hyatt Hotels, Warner Bros, Hilton, Warner Music Group, Unity Software, Insurance, Gen, Honda, AMC Networks Locations: Central, McDonald's, Expeditors, Occidental, Angi, Brookfield , New, Ambev, Cushman & Wakefield, Michigan

☆ Lightning Round: Ring the register on Kodiak Gas, says Jim Cramer
▼ + stars: | 2024-04-01 | by ( Jim Cramer | ) 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 EmailLightning Round: Ring the register on Kodiak Gas, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Tyler Technologies, Cisco, Kodiak Gas Services, Palantir, and more.

Persons: Jim Cramer, Tyler Organizations: Kodiak Gas, Tyler Technologies, Cisco, Kodiak Gas Services

☆ Cramer's Lightning Round: Tyler Technologies is a buy
▼ + stars: | 2024-04-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Tyler Technologies' year-to-date stock performance. Stock Chart Icon Stock chart icon Kodiak Gas Services' year-to-date stock performance. Stock Chart Icon Stock chart icon Palantir's year-to-date stock performance. Stock Chart Icon Stock chart icon United Airlines' year-to-date stock performance. Stock Chart Icon Stock chart icon Fastly's year-to-date stock performance.

Persons: Tyler, stock's, you've, Vita, Vita Coco, Coco, I'm Organizations: Tyler Technologies, Cisco Systems, Kodiak Gas Services, United Airlines

NEW YORK/LONDON, June 30 (Reuters) - A lackluster IPO market is showing signs of life as a flurry of deals in the United States and Europe raise hopes that a recovery may be in sight. With investors now predicting an end to the Federal Reserve's rate hikes later this year, optimism has resumed. This allowed thrift shop chain Savers Value Village (SVV.N) to raise $401 million in its New York IPO this week, more than it originally set out to. Investors continued to snap up its shares, with the stock closing up 27% on its first day of trading. EUROPE IPOS ON THE WAYIn Europe, three IPOs are on track to be completed by early July, but two of them have already had to moderate their valuation expectations.

Persons: Aloke Gupte, Tom Swerling, Paul Abrahimzadeh, Hidroelectrica, Fondul, WE Soda, Ferretti, Coty, Andrew Briscoe, David DiPietro, Rowe Price, Echo Wang, Pablo Mayo, Elisa Martinuzzi, Mark Potter Organizations: Investors, JPMorgan Chase &, CAB, Kodiak Gas Services, Fidelis Insurance Holdings, Barclays, North America, Citigroup, U.S, Heineken, General, GE Healthcare Technologies, Bank of, Pablo Mayo Cerquiero, Thomson Locations: United States, Europe, Ukraine, New York, London, Africa, Asia, Kodiak, Fidelis, Cava, EUROPE, Romanian, Hong Kong, Milan, East

☆ CNBC Daily Open: The U.S. economy refuses to buckle
▼ + stars: | 2023-06-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Successful spaceflight, but shares sinkVirgin Galactic successfully completed its first commercial spaceflight yesterday. Despite the smooth mission, Virgin Galactic shares sank more than 10% yesterday and a further 0.7% in extended training. CNBC Pro's Bob Pisani breaks down their performance, picks a winner and explains what this means for the general IPO market.

Persons: Dow, Bob Pisani Organizations: Foods, CNBC, Commerce, Dow Jones, Federal, Virgin Galactic, Italian Air Force, Kodiak Gas Services, Fidelis Insurance Locations: Atlanta , Georgia, U.S, Swedish, New Mexico

☆ CNBC Daily Open: Don't bet against the U.S. economy
▼ + stars: | 2023-06-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. China's businesses falterChina's factory activity in June shrank for a third consecutive month, according to data from the National Bureau of Statistics. Successful spaceflight, but shares sinkVirgin Galactic successfully completed its first commercial spaceflight yesterday. Despite the smooth mission, Virgin Galactic shares sank more than 10% yesterday and a further 1.9% in extended training.

Persons: Dow, —, Bob Pisani Organizations: CNBC, Commerce, Dow Jones, Federal, Nikkei, National Bureau of Statistics, Virgin Galactic, Italian Air Force, Kodiak Gas Services, Fidelis Insurance Locations: U.S, Asia, Pacific, China, New Mexico

☆ Kodiak Gas Services CEO: 100% of the proceeds of the IPO will go towards paying down debt
▼ + stars: | 2023-06-29 | 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 EmailKodiak Gas Services CEO: 100% of the proceeds of the IPO will go towards paying down debtMickey McKee, Kodiak Gas Services CEO, joins 'Squawk on the Street' to discuss why the company decided to go public, the growth opportunities for the company, and more.

Persons: Mickey McKee Organizations: Kodiak Gas Services

☆ Mixed results in the latest batch of IPOs, but the market is opening up
▼ + stars: | 2023-06-29 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

Kodiak Gas Services (KGS) , a natural gas compression company, priced 16 million shares at $16, below the price talk of $19-$22. That was not only below the price talk of $16-$19, but the 15 million shares offered were below the projections of 17 million shares. The IPO market is reopening, but cautiously All three serve different investor bases, each with its own outlook, Santosh Rao at Manhattan Venture Partners told me. The simple fact that all three deals got done is a sign the IPO market is reopening after being largely closed for 18 months. The IPO market is reopening, but with a strong reality check from the customers.

Persons: It's, Santosh Rao, Fidelis, Sellers, IPOs What's Organizations: NYSE, Kodiak Gas Services, Fidelis Insurance, Manhattan Venture Partners, Labor, Foods, ARM Locations: U.S

☆ Consumers crack open IPO door
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, June 29 (Reuters Breakingviews) - The market for U.S. initial public offerings is starting to crack open, but some trends are playing better than others. Shares in thrift store chain Savers Value Village (SVV.N) opened 38% above their IPO price on Thursday even as two other new entrants, Fidelis Insurance (FIHL.N) and energy company Kodiak Gas Services (KGS.N), got a frosty reception. After pricing above its indicated range and then rising further, Savers Value was worth nearly $4 billion in its early hours of trading. It follows Cava (CAVA.N), the Mediterranean lunch chain that by Thursday was worth nearly double the IPO price of $22 it established in mid-June. Meanwhile, Fidelis and Kodiak had to cut their price range, and both debuted below their opening price.

Persons: Fidelis, It’s, Jennifer Saba, ’, crouch, Eli Lilly, John Foley, Sharon Lam Organizations: YORK, Reuters, U.S, Fidelis Insurance, Kodiak Gas Services, Renaissance Capital, Twitter, Thomson Locations: Cava, Fidelis, Kodiak

[1/3] Mark Walsh, CEO of Savers Value Village, celebrates his company's IPO on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 29, 2023. REUTERS/Brendan McDermidJune 29 (Reuters) - Thrift store operator Savers Value Village (SVV.N) fetched a market capitalization of nearly $4 billion in a strong debut on the New York Stock Exchange on Thursday, underscoring a resurgence in the IPO market as investors lap up new listings. Savers Value, owned by private equity firm Ares Management (ARES.N), joins a host of companies that have enjoyed a warm reception in recent months, reviving hopes the frosty IPO market has begun to thaw. So really this (an IPO) was the right smart option for us to move forward," said Savers Value CEO Mark Walsh. Savers Value and Ares raised over $401 million in the share sale on Wednesday.

Persons: Mark Walsh, Brendan McDermid, Avery Spear, Johnson, Ares, Niket Nishant, Sri Hari, Echo Wang, Krishna Chandra Organizations: New York Stock Exchange, REUTERS, Ares Management, U.S, U.S . Federal, Renaissance, Rivian, Kodiak Gas Services, Fidelis Insurance Holdings, Canada's Healthcare, Ontario, Norway's Norges Bank Investment Management, Thomson Locations: New York City, U.S, U.S ., Sri, Bengaluru, Echo, New York

☆ Green shoots for the IPO market, but investors ask where are unicorns like Instacart, Klarna
▼ + stars: | 2023-06-22 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

At the midpoint this would raise $298 million, with a fully diluted market value of $2.1 billion, according to Renaissance Capital. At the midpoint of the proposed range, that would raise $328 million with a market value of $1.5 billion. "The IPO market is definitely opening up," he said. Goldman Sachs' David Kostin has also noted an improved IPO market. The bad news: the stock dropped the day after the IPO to roughly $38 and has remained in that range.

Persons: IPOs, Matt Kennedy, Goldman Sachs, David Kostin, Kostin, Lynn Martin, That's, Santosh Rao, Rao Organizations: NYSE, Insurance, Renaissance, Kodiak Gas Services, Renaissance Capital, Goldman, Foods, CNBC, Manhattan Venture Partners Locations: Renaissance Capital, U.S, Canada, Cava, Fogo, Chao

NEW YORK, June 20 (Reuters) - Savers Value Village (SVV.N) said on Tuesday it aims to raise up to nearly $320 million for an initial public offering that would value the U.S. thrift store operator at about $2.7 billion. Savers Value Village, owned by private equity firm Ares Management Corp (ARES.N), plans to sell up to 18.8 million shares at $15 to $17 apiece, regulatory filings showed. Based in Bellevue, Washington, Savers Value Village is one of the largest retailers of secondhand clothing, books, toys, shoes and household goods, with 317 stores in the United States and Canada. Revenue totaled $1.44 billion in 2022, up 19% from the prior year, while net income was flat at $84.7 million. Ares Management will retain an 88% stake in Savers Value Village after the IPO.

Persons: Morgan, Jefferies, Goldman Sachs, Chibuike Oguh, Lance Tupper, Richard Chang Organizations: YORK, Energy, Kodiak Gas Services, reinsurer Fidelis Insurance Holdings, Ares Management Corp, Revenue, Management, Canada's, Norges, Investment Management, J.P, UBS, underwriters, New York Stock Exchange, Thomson Locations: Cava, Bellevue , Washington, United States, Canada, Canada's Ontario, New York

☆ Kodiak Gas Services aims for $1.65 billion valuation in US IPO
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

June 20 (Reuters) - Kodiak Gas Services said on Tuesday it is aiming for a valuation of about $1.65 billion in its U.S. listing, expecting to benefit from returning investor appetite for new offerings. The company is looking to sell 16 million shares in its initial public offering priced between $19 and $22 apiece. Last week, Mediterranean restaurant chain Cava Group (CAVA.N) saw its valuation nearly double after its shares surged in a stellar market debut. In May, Johnson & Johnson's (JNJ.N) consumer health business, Kenvue (KVUE.N), managed to complete the largest IPO since Rivian Automotive (RIVN.O) listed in 2021. Kodiak Gas Services said it is looking to list its shares on the New York Stock Exchange under the ticker symbol "KGS".

Persons: Johnson, Goldman Sachs, Morgan, Manya Saini, Shinjini Organizations: Kodiak Gas Services, Rivian, New York Stock Exchange, Goldman Sachs & Co, underwriters, Thomson Locations: United States, Ukraine, Cava, Bengaluru

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