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[1/2] Students of Camoes school shout slogans from inside the school after blocking the entrance as a protest for climate change and against the use of fossil fuels in Lisbon, Portugal, November 14, 2022. REUTERS/Pedro Nunes/ File photo Acquire Licensing RightsLISBON, Nov 27 (Reuters) - Environmental groups have filed a legal action in a Lisbon court against Portugal over an alleged failure to put into practice its own regulation to tackle climate change, they said on Monday. Portugal approved in 2021 a set of regulatory policies and legal instruments to combat climate change, but the three environmental groups - Ultimo Recurso, Quercus and Sciaena - say "little progress" has been made to meet goals and deadlines. They also said the government had not fully implemented measures of its national energy and climate plan (PNEC) as well as sector-specific policies for climate mitigation. Every deadline we miss ... increases the likelihood of catastrophic climate events," said Francisca Costa, from Ultimo Recurso, which means "last resort" in Portuguese.
Persons: Pedro Nunes, Ultimo, Francisca Costa, Ultimo Recurso, Catarina Demony, Mark Potter Organizations: of Camoes, REUTERS, Rights, Renewables, London School of Economics, Political Science, Thomson Locations: Lisbon, Portugal, Rights LISBON, Portuguese
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Watch the Treasury bond auctions as Jim Cramer said in his Sunday column . Both are Club stocks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Jim, Trian's Nelson Peltz, Ike Perlmutter, It's, Jim Cramer's Organizations: CNBC, Wall, Dow, Nasdaq, Apple, Disney
Morgan Stanley's top picks for the rest of earnings season
  + stars: | 2023-07-26 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +4 min
While Wall Street's expectations are lower this corporate earnings season, there are still several stocks Morgan Stanley said could rise in the near term. Morgan Stanley's estimates for second-quarter earnings are down 9% year to date and flat sales growth, which the firm attributes to lagged and elevated costs. Amazon is one of Morgan Stanley's top picks for this earnings season. The firm believes potential catalysts include positive earnings revisions and its AWS Summit on cloud computing and generative artificial intelligence. He added that multiple appreciation and earnings revisions could drive the stock upward.
Persons: Morgan Stanley, Morgan Stanley's, Michelle Weaver, Brian Nowak, Brian Harbour, Yum, Elizabeth Porter, Porter, — CNBC's Michael Bloom Organizations: Pharmaceutical, Merck, Pfizer, Devices, Tech, Amazon, Yum Brands, Taco Bell Locations: North America, China
Fourth-quarter earnings season is in the rearview mirror and most Club stocks reported results ahead of, or in line with, analysts' forecasts. Moreover, excluding foreign exchange fluctuations, this marked the ninth quarter in a row of 20% or better annual earnings growth. Nvidia (NVDA) reported a very strong quarter and better-than-expected guidance for the current quarter . Eli Lilly 's (LLY) fourth-quarter results came up a bit short on revenue but delivered a strong bottom line. Despite missing on top-line expectations, Wells Fargo 's (WFC) earnings came in better-than-expected, as the bank realized the benefits of higher interest rates .
Tuesday General Motors is set to report earnings before the bell, followed by a conference call at 8:30 a.m. What history shows: Data from Bespoke Investment Group shows GM beats earnings expectations 85% of the time. McDonald's is set to report earnings before the bell, with company leadership set to hold a call 8:30 a.m. What history shows: Qualcomm has either beaten or matched analysts' earnings expectations in the last 32 quarters, according to FactSet. Alphabet is set to report earnings after the close, followed by a conference call at 4:30 p.m.
"This is the first real test we've had in a while for big tech stocks," said Adam Sarhan, CEO of 50 Park Investments. Tech companies have already demonstrated that they are bracing for slower growth with a string of recent cost-cutting announcements and layoffs that have left few stalwarts untouched. Sarhan expects most technology companies to surpass expectations, in part because estimates have come so much. Some analysts remain optimistic heading into earnings season, viewing this period as a potential reset for dismal expectations. Companies often use this earnings season as an opportunity to guide for the year ahead.
Cathie Wood's Ark Invest bought the dip in Tesla shares on Thursday after her beloved EV player sold off on a quarterly revenue miss . The innovation-focused investor added 66,190 shares of Elon Musk's company for her flagship Ark Innovation ETF (ARKK) fund, according to Ark's daily trading data. Shares of Tesla slid about 6.7% Thursday as the company's revenue fell short of expectations. Shares of Tesla are down 41% this year as the company deals with transportation bottlenecks that created a gap between production and deliveries. She previously said there will be almost 8 million electric vehicles sold around the world this year and that number will rise to 60 million in five years.
We know this announcement will garner significant attention from our community, both positive and negative," he said. Twitch's recent changes to the way it pays top streamers have raised questions internally, on top of the backlash the moves sparked from creators on social media. In his email, Clancy also asked employees to "refrain from contributing to the noise online via Twitter, Twitch, etc." In addition to his internal email, Clancy publicly announced the changes to the way Twitch pays top creators in a blog post. I'll share more at the All Hands this Thursday, September 22 at 1pm PT and answer any questions you may have.
Twitch president Dan Clancy wrote to staffers as the streamer rolled out divisive changes. We know this announcement will garner significant attention from our community, both positive and negative," he said. Twitch's recent changes to the way it pays top streamers has raised questions internally, on top of the backlash it sparked from creators on social media. In addition to his internal email, Clancy publicly announced the changes to the way Twitch pays top creators in a blog post. I'll share more at the All Hands this Thursday, September 22 at 1pm PT and answer any questions you may have.
Tuesday Walmart is set to report earnings before the bell, followed by a conference call at 8 a.m. Home Depot is set to report earnings before the opening bell, with management slated to hold a call at 9 a.m. Wednesday Target is set to report earnings in the premarket, with a conference call slated for 8 a.m. Cisco Systems is set to report earnings after the bell. Thursday Kohl's is set to report earnings before the bell, with a call slated for 9 a.m.
Tuesday Coca-Cola is set to report earnings before the bell, followed by a conference call at 8:30 a.m. Chipotle is scheduled to report earnings after the close, followed by a conference call at 4:30 p.m. Meta is set to report earnings after the close, followed by a conference call at 5 p.m. Thursday Amazon is set to report earnings after the bell, with management slated to hold a conference call at 5:30 p.m. Friday Procter & Gamble will report earnings before the bell, followed by a conference call at 9 a.m.
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