DIRS.INFO The most relevant business & tech news

☆ Palo Alto nears a key test that could break it out of Wall Street's penalty box
▼ + stars: | 2024-05-15 | by ( Morgan Chittum | ) www.cnbc.com time to read: +8 min

Shares of Palo Alto plunged 28% on Feb. 21, a session after the company delivered a more cautious outlook for the rest of 2024. The shift in business strategy requires Palo Alto to give customers its new services and products for free to demonstrate their many benefits. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance 2. The Club is focused on how much industry spend is going to Palo Alto versus competitors, but we're not concerned about demand for the company's offerings. In this photo illustration the Palo Alto Networks logo seen displayed on a smartphone and on the background.

Persons: Morgan Stanley, Sellers, Nikesh Arora, Palo, We'd, it's, PANW, Arora, Jim Cramer, We've, nudging, Stephen Vintz, we're, Jim, Jim Cramer's, Rafael Henrique Organizations: Palo Alto Networks, Wall Street, Palo, Tech, Barclays, Palo Alto, billings, Wall, Alto Networks, UnitedHealth Group, Change, Healthcare, Club, Microsoft, Vans, Corp, Caesars Entertainment, Securities, Exchange, US Fed, CNBC, Networks, Getty Locations: Palo Alto, U.S, Palo, billings, Palo Alto's, Alto

☆ Johnson: Market is leading to nowhere and will end up consolidating sideways
▼ + stars: | 2024-05-15 | 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 EmailJohnson: Market is leading to nowhere and will end up consolidating sidewaysCraig Johnson, Chief Market Technician at Piper Sandler, discusses the market outlook and recent upward trends.

Persons: Craig Johnson, Piper Sandler Organizations: Johnson

☆ Oil prices rise on U.S. inventories drawdown expectations, CPI focus
▼ + stars: | 2024-05-15 | by ( ) www.cnbc.com time to read: +2 min

U.S. crude oil inventories fell 3.104 million barrels in the week ended May 10, according to market sources citing American Petroleum Institute figures on Tuesday. Gasoline inventories fell by 1.269 million barrels and distillates rose by 673,000 barrels. "Expectations of another drawdown in U.S. oil inventories should support oil prices," ANZ Research said in a note. Oil prices also found support from a softer U.S. dollar and stimulus measures from China, said independent market analyst Tina Teng, with a weaker greenback making dollar-denominated oil cheaper for investors holding other currencies. "The U.S. CPI and China's economic data are key to driving oil prices for the rest of the week," she added.

Persons: David Knox, Petra Nova, Brent, Tina Teng, Teng Organizations: NGR Energy, JX Nippon Oil & Gas Exploration Corporation, WA Parish, U.S, . West Texas, American Petroleum Institute, ANZ Research, Federal, CPI Locations: NGR, Bend County, Petra, WA, China, Fort McMurray

Six Flags stock has ticked up nearly 7% in 2024. The analyst reiterated an overweight rating on the stock as well as a $1,200 per share price target, implying more than 31% upside from Tuesday's close. The analyst has a buy rating on Nvidia with a $1,150 per share price target, or about 26% upside ahead. He also raised his price target on U.S.-listed shares to $5.40 per share from $4.80, though the new forecast calls for a 6% decline over the next year. NIO YTD mountain NIO YTD Lai had downgraded Nio to underweight in February due to slowing sales momentum.

Persons: Chris Woronka, Woronka, Brian Evans, John Vinh doesn't, NVDA, Vinh, Timothy Arcuri, Arcuri, — Brian Evans, Goldman Sachs, Alphabet's, Eric Sheridan, Sheridan, Oppenheimer, Jason Helfstein, GOOG, Helfstein, Brent Thill, Jefferies, Nick Lai, YTD Lai, Fred Imbert, ~$ ( ~$) Organizations: CNBC, JPMorgan, Deutsche Bank downgrades, Flags Entertainment, Deutsche Bank, Fair, Nvidia, Blackwell, UBS, Google, Gemini

☆ Treasury yields fall ahead of fresh consumer inflation figures
▼ + stars: | 2024-05-15 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was last at 4.8061% after falling by over one basis point. U.S. Treasury yields were lower on Wednesday is investors considered the outlook for inflationary pressures and awaited the latest consumer price index data. The producer price index for April, which tracks wholesale prices, came in higher than expected on Tuesday. This comes ahead of the consumer price index for April which is expected to be released Wednesday. On an annual basis, inflation is anticipated to slow slightly to 3.4% from 3.5% in March.

Persons: Dow Jones, Jerome Powell Organizations: Treasury, Investors, Labor Department's Bureau of Labor Statistics, PPI, Core CPI

☆ Dollar droops to one-month low vs euro before key CPI test
▼ + stars: | 2024-05-15 | by ( ) www.cnbc.com time to read: +4 min

In this photo illustration, the new £10 note is seen alongside euro notes and U.S. dollar bills on Oct. 13, 2017 in Bath, England. The euro edged up 0.03% to $1.0823 in Asian trading hours, and earlier rose to $1.0828 for the first time since April 10. The dollar edged back 0.12% to 156.245 yen on Wednesday, but had pushed as high as 156.80 overnight. The dollar dropped 0.24% to 7.2232 yuan in offshore trading, after reaching the highest since May 1 at 7.2460 overnight. The New Zealand dollar climbed 0.37% to $0.6062, and earlier touched $0.6064 for the first time since April 10.

Persons: Alan Ruskin, Jerome Powell, Tony Sycamore, Joe Biden's Organizations: Reserve, U.S, Treasury, Deutsche Bank, Bank of Japan, CPI, IG, Australian, New Zealand Locations: Bath, England, U.S, China

☆ Commerzbank reports better-than-expected 29% rise in Q1 net profit
▼ + stars: | 2024-05-15 | by ( ) www.cnbc.com time to read: 1 min

Germany's Commerzbank said on Wednesday that net profit rose 29% in the first quarter, its strongest quarterly profit in a decade, and it raised its outlook for net interest income for the full year. Net profit of 747 million euros ($808.25 million) in the quarter compares with a profit of 580 million euros a year earlier. Analysts had on average expected profit of 652 million euros, according to an April consensus forecast published by Commerzbank. Net interest income rose 9.2% in the first quarter to 2.126 billion euros, better than expectations for 2.096 billion euros. The bank raised its full-year forecast for net interest income to 8.1 billion euros from 7.9 billion euros previously.

Persons: Germany's Commerzbank, Commerzbank Locations: Frankfurt

☆ Fed Chair Powell is 'running a risk' of inflation rising again, economist says
▼ + stars: | 2024-05-15 | 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 EmailFed Chair Powell is 'running a risk' of inflation rising again, economist saysSteven Blitz, chief U.S. economist at TS Lombard, discusses the outlook for U.S. inflation and Federal Reserve monetary policy.

Persons: Powell, Steven Blitz Organizations: TS Lombard, Federal Reserve

☆ The U.S. Fed has 'very limited space for action,' CIO says
▼ + stars: | 2024-05-15 | 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 EmailThe U.S. Fed has 'very limited space for action,' CIO saysMaurice Gravier, group chief investment officer, wealth management at Emirates NBD, discusses the outlook for U.S. inflation and interest rates.

Persons: Maurice Gravier Organizations: U.S, Fed, Emirates NBD

☆ One auto stock is quietly breaking out as Tesla struggles. Citi sees a double from here
▼ + stars: | 2024-05-14 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Analysts think General Motors will emerge as a bright spot in an automobile industry challenged by a weakening electric vehicle market. But Wall Street firms including Citigroup and Bank of America now think General Motors can strengthen its position in EVs. GM TSLA YTD mountain General Motors stock has outpaced Tesla in 2024. The bank has a buy rating on General Motors with a $96 per share price target, implying 113% upside from Monday's $45.17 close. Murphy's $75 per share price target implies 66% upside over the next 12 months.

Persons: Tesla, Itay Michaeli, John Murphy, GM's, Murphy, Ryan Brinkman Organizations: EV, Elon, Citigroup, Bank of America, General Motors, GM, Wall, Citi, JPMorgan Locations: EVs

☆ Ramp: 2024 CNBC Disruptor 50
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: 1 min

When the economic outlook is uncertain, companies keep a closer eye on expenses. Ramp is among the increasing number of expense management software offerings available to companies big and small. Companies save an average of 5% a year on expenses. The company passed $300 million in annualized revenue in 2023 and grew transaction volume sixfold, surpassing $10 billion in accounts payable volume. At a time when many other startups are finding it more challenging to raise capital, Ramp raised $300 million last August from existing investors, including Thrive Capital, Sands Capital and General Catalyst.

Persons: Catalyst Organizations: Companies, Sands Capital

☆ 'We are doing better than last year,' Italgas CEO says
▼ + stars: | 2024-05-14 | 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 Email'We are doing better than last year,' Italgas CEO saysPaolo Gallo, CEO at Italgas, discusses the company's results and the outlook for the sector.

Persons: Paolo Gallo

☆ Jim Cramer says Home Depot’s earnings bolster the investment case for a different retail stock
▼ + stars: | 2024-05-14 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. "That was a big, big mistake that they did that. They cut the… price target of Constellation," Cramer said. The CNBC Investing Club owns shares of Constellation Brands . The Investing Club has long owned Eli Lilly , which makes GLP-1s.

Persons: Jim Cramer's, Jim Cramer, Cramer, You've, cautioning, Eli Lilly Organizations: CNBC, Club, Boston, Jefferies, CNBC Investing Club, Constellation Brands, JPMorgan Locations: Swiss

☆ Malaysian central bank says it won't use interest rates as a tool to 'somewhat defend the ringgit'
▼ + stars: | 2024-05-14 | 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 EmailMalaysian central bank says it won't use interest rates as a tool to 'somewhat defend the ringgit'Adnan Zaylani Mohamad Zahid, deputy governor of Bank Negara Malaysia, says its monetary policy will be determined by the growth and inflation outlook.

Persons: Adnan Zaylani Mohamad Zahid Organizations: Malaysian, Bank Negara Malaysia Locations: Bank

☆ Stocks making the biggest moves midday: AMC, GameStop, Sony, Planet Fitness and more
▼ + stars: | 2024-05-14 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Meme stocks — Meme stocks roared for a second day with GameStop surging more than 65% and AMC popping over 70%. AMC's Tuesday rally came even after the movie theater said it completed a $250 million stock sale during Monday's wild trading. Sony — U.S.-listed shares jumped 5.3% after quarterly revenue came in at 3.5 trillion yen, topping the consensus expectation of 2.89 trillion yen from analysts polled by LSEG. On Holding — The shoe maker jumped 16% after first-quarter earnings came in well ahead of analysts' expectations. Boston Beer Company — Shares added 1% after the beer brewer was upgraded by Jefferies to buy from hold.

Persons: United, Newell Brands, Roth, —, Yun Li, Michelle Fox, Samantha Subin, Hakyung Kim, Brian Evans Organizations: GameStop, AMC, Sony —, LSEG, Vodafone — U.S, United Airlines —, Barclays, Boston Beer, Jefferies, JPMorgan Locations: Europe

☆ We might have seen the peak in the U.S. dollar: VP Bank
▼ + stars: | 2024-05-14 | 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 EmailWe might have seen the peak in the U.S. dollar: VP BankThomas Rupf of the bank discusses the outlook for the currency and the U.S. Federal Reserve's monetary policy.

Persons: Bank Thomas Rupf Organizations: U.S ., Bank, U.S, U.S . Federal Locations: U.S .

☆ Treasury yields dip as investors await key inflation data
▼ + stars: | 2024-05-14 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by less than one basis point to 4.4747%. The 2-year Treasury yield was last at 4.8400% after falling by over one basis point. U.S. Treasury yields fell slightly on Tuesday as investors awaited fresh inflation data and looked to remarks from Federal Reserve policymakers. Investors looked to fresh key economic data and comments from Federal Reserve officials, scanning them for hints about the path ahead for monetary policy. This is the first of two key inflation reports slated for the week, with the consumer price index for April being expected Wednesday.

Persons: Dow Jones, Jerome Powell Organizations: Treasury, Federal Reserve, Investors, PPI, Dow, CPI

☆ Wholesale prices rose 0.5% in April, more than expected
▼ + stars: | 2024-05-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Wholesale prices jumped more than expected in April, putting up another potential roadblock to interest rate cuts anytime soon. Stripping out volatile food and energy prices, core PPI also increased 0.5% compared to the 0.2% Dow Jones estimate. On a year-over-year basis, wholesale inflation rose 2.2%, also the highest in a year. Core PPI inflation was at 2.4%, the biggest annual move since August 2023. Services prices boosted the wholesale inflation reading, rising 0.6% and accounting for about three-quarters of the headline gain, while the final demand goods index increased 0.4%.

Persons: Dow Jones, Chris Larkin, Morgan Stanley Organizations: Labor Department's Bureau of Labor Statistics, PPI, Reuters . Stock, BLS, Federal Reserve, Commerce, York

☆ Evercore ISI says three years of biotech underperformance may be ending, gives its 5 favorite stocks
▼ + stars: | 2024-05-14 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

"After 3 years of painful underperformance, winter is finally thawing and spring just might be in the air," analyst Cory Kasimov wrote in a Monday note. Biotech stocks broadly peaked in early 2021 when interest rates were at a trough, Kasimov noted. While biotech stocks are sensitive to interest rates, the analyst believes most of the group's other catalysts — such as mergers and access to capital — remain "relatively consistent." XBI YTD mountain SPDR S & P Biotech ETF performance year to date The sector is opportune for investors looking for "a stock picker's market," according to Kasimov. With this in mind, he named seven stocks to his core initial list, which he named "The Magnificent Seven."

Persons: Cory Kasimov, Kasimov, We've, Neurocrine, — CNBC's Michael Bloom Organizations: ISI, Biotech, P Biotech, Moderna Locations: —

☆ Apple supplier Foxconn's first-quarter profit jumps 72% but misses forecasts
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: +1 min

Apple supplier Foxconn reported a 72% rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base from the period a year earlier, but the growth was lower than expected. While the profit missed the T$29.31 billion forecast by analysts, it was Foxconn's third consecutive quarterly profit rise. In the first quarter, consumer electronics including smartphones accounted for 48% of its revenue while cloud and networking products, including servers, contributed 28%. Apple's quarterly results and forecast beat modest expectations this month, nd CEO Tim Cook said revenue growth would return in the current quarter. Foxconn's shares have risen 65% so far this year, driven by its rosy AI outlook, far outperforming a 17% gain for the broader market.

Persons: Foxconn, Tim Cook Organizations: Sharp Corp, Hai Precision Industry Co

☆ Capcom president discusses a big factor for Capcom's Japan results
▼ + stars: | 2024-05-14 | 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 EmailBig factor for Capcom's Japan results is whether there's a Monster Hunter release: PresidentHaruhiro Tsujimoto, president and COO of the Japanese video game company, discusses its record profits and outlook.

Persons: Haruhiro Tsujimoto Organizations: Capcom's Locations: Capcom's Japan

☆ Ukraine's air-defense problems are letting Russia launch HIMARS-style deep strikes behind the front lines
▼ + stars: | 2024-05-14 | by ( Ella Sherman | ) www.businessinsider.com time to read: +4 min

Read previewUkraine's struggling air-defenses have opened doors for the Russians to launch their own strikes similar to Ukraine's HIMARS attacks. AdvertisementWith better targeting, Russia is executing strikes behind the lines with Iskander tactical ballistic missiles and rocket launchers like the Tornado-S system. "There have been other notable strikes of a kind that Russia has long aspired to but rarely successfully executed." Russia was originally unable to defeat or conduct the same kind of strikes as Ukraine's HIMARS due to a lack of precision, targeting capabilities, and timely intel. "The outlook in Ukraine is bleak," Watling wrote.

Persons: —, Jack Watling, Serhii Mykhalchuk, Watling Organizations: Service, Business, Royal United Services Institute, Russian, Artillery Rocket Systems, Getty, intel Locations: Russia, London, Ukraine, Donetsk Oblast, Ukrainian, Kharkiv, Zaporizhzhia, Donbas

☆ 4 reasons why the S&P 500 has another 5% upside this year, UBS says
▼ + stars: | 2024-05-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The ongoing S&P 500 rally could extend to 5,500 this year, UBS said. Tech earnings have remained strong, with ex-Mag 7 tech firm profits revised 7% higher since March. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementWith last month's equity jitters already quashed, the ongoing rebound is the start of an extensive summer rally, UBS said. According to a note published Tuesday, the S&P 500 could reach the firm's upside scenario of 5,500 by this year's end.

Persons: Disinflation, —, Marcelli, That's Organizations: UBS, Tech, Service, Global Wealth Management, Microsoft, Nvidia, Apple

☆ Chime: 2024 CNBC Disruptor 50
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

Chime, the largest digital-only financial provider in the U.S., has capitalized on distrust of traditional banks and their slowness to digitize. Founded in 2012 in the wake of the financial crisis, Chime calls itself a fintech company, not a bank. "The trust levels that mainstream Americans have in banks is extremely low, and that was part of the opportunity that we pursued," Chris Britt, CEO of Chime, told CNBC. 1 position in the U.S. Now it's out to continue disrupting traditional banking giants Chase, Bank of America and Wells Fargo. Like other fintechs, Chime faces an uncertain public offering market outlook.

Persons: Chris Britt, Britt Organizations: CNBC, Chase, Bank of America Locations: U.S, Wells Fargo

☆ The market is 'definitely biased towards a rally': Investment firm
▼ + stars: | 2024-05-14 | 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 EmailThe market is 'definitely biased towards a rally': Investment firmOmar Itani, head of investment advisory at Edmond De Rothschild Middle East, discusses the outlook for U.S. consumer price index data.

Persons: Omar Itani, Edmond De Rothschild Locations: East

Search resuls for: "Outlook"

25 mentions found