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☆ Workday Has Become the Most-Hated Workplace, Business Software
▼ + stars: | 2024-05-06 | by ( Matt Alston | ) www.businessinsider.com time to read: +13 min

Every HR professional and hiring manager I spoke with — whose lives are supposedly made easier by Workday — described Workday with a sense of cosmic exasperation. "Workday does not have oversight or control of our customers' job application processes.") If candidates hate Workday, if employees hate Workday, if HR people and managers processing and assessing those candidates and employees through Workday hate Workday — if Workday is the most annoying part of so many workers' workdays — how is Workday everywhere? (Workday's "customers choose the frequency at which they conduct reviews, not Workday," said the spokesperson.) "HR software sucking" is a big tent.

Persons: you'd, Workday's, —, David Duffield, Teladoc, UKG, Cory Doctorow, It's, He'd, Matt Alston's, Stone Organizations: Fortune, Netflix, Goodwill, Spotify, Washington Post, Ohio State University, FedEx, Nintendo, Honda, LinkedIn, IBM, Oracle, Bank of America, Automation, Rippling, Systems, Facebook, Wired Locations: San Francisco, Amazon's, It's, Bonusly, Maine

☆ 12 portfolio companies report earnings in the week ahead. What we want to hear from each
▼ + stars: | 2024-04-27 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

The action quickly and sharply reversed back to the upside Friday after blowout earnings reports from Alphabet and Microsoft . In the week ahead, earnings are likely to drive the action again, though we'll get a few important macroeconomic reports. Earnings: We've got the biggest week of the earnings season ahead of us, with 12 Club holdings set to report. Eli Lilly 's report Tuesday morning continues to be all about sales of type-2 diabetes treatment Mounjaro and weight-loss drug Zepbound. In DuPont 's report Wednesday morning, we're looking for a continued rebound in its semiconductor business following a sequential increase last quarter.

Persons: Ford, we'll, Dow Jones, We've, Buckle, Eaton, Eli Lilly, Lilly, We're, Estee Lauder, Fabrizio Freda, we've, Linde, Bausch, Royal Philips, Woodward, SIRI, Archer, Johnson, Stanley Black, Decker, BAX, Cardinal Health, Parker, Belden, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Microsoft, Meta, Google Search, Big Tech, Nvidia, Broadcom, Ford Motor, Honeywell, Danaher, Labor Department, Labor, PMI, Services PMI, GE Healthcare, Amazon Web Services, Starbucks, Deutsche Bank, DuPont, Bausch Health, U.S ., Appeals, Apple, iPhones, Vision, ON Semiconductor, Resource Partners, Franklin Resources, Paramount, Transocean Ltd, Semiconductors, Arch Capital, Logitech International, Lattice Semiconductor, F5 Networks, Sanmina Corporation, GE HealthCare, PayPal, 3M Company, McDonalds, Enterprise Products Partners, Cola Company, Melco Resorts, Entertainment, SiriusXM Holdings, Oatly, American Electric Power Company, Leidos Holdings, Marathon Petroleum, Daniels, Midland Co, Equitrans Midstream Corporation, HSBC Holdings, HSBC, Devices, Caesars Entertainment, Lumen Technologies, Mondelez, Pfizer, CVS Health, Barrick, Mastercard Inc, Cruise Line Holdings Ltd, Kraft Heinz Company, Marriott International, Ares, Generac Holdings, Johnson Controls, Cenovus Energy Inc, Qualcomm, Devon Energy, Paycom, Axcelis Technologies, Coeur D'Alene Mines, Sunnova Energy International, MGM Resorts International, MGM, Solar Inc, Oil, Allstate, Co, Tenable Holdings, Enovix Corporation, Gladstone Capital, Avis Budget Group, eBay, EBAY, LIN, Novo Nordisk, Natural Resources, PENN Entertainment, Apache, ConocoPhillips, InMode Ltd, Baxter International, Cardinal, Regeneron Pharmaceuticals, Apollo Global Management, LLC, Cinemark Inc, Dominion Energy, Coterra Energy, Coinbase, Bill.com Holdings, Booking Holdings, United States Steel, AXT Inc, Materials, Energy, Hershey Company, XPO Logistics, Cboe, American Pipeline, Amneal Pharmaceuticals, Brookfield Business Partners, Brookfield Renewable Corporation, Magna International, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Bloomberg, Getty Locations: U.S, megaprojects, China, Eaton, Corning, Coeur D'Alene, Albemarle, ALB, Novo, New York

☆ 8 more of our stocks report earnings next week. Here's what we want to see
▼ + stars: | 2024-02-03 | by ( Zev Fima | ) www.cnbc.com time to read: +13 min

The three major averages posted gains for the fourth week in row, lifted by strong quarterly earnings results for most of the Big Tech companies and a strong jobs report. A weaker ADP Employment report on Wednesday provided no read-through to the monster January jobs report Friday. Here's what we're keeping an eye on in the coming week: 1. Earnings: It's another big earnings week head for the portfolio, with 8 more of our companies reporting. Consistency is what we appreciate most from nat gas giant Linde , so we're hoping for another quarter of solid earnings growth Tuesday.

Persons: Estee Lauder, Eli Lilly, Mounjaro, Nelson Peltz, Estée Lauder, Tyson, CARR, Jacobs, Willis Towers Watson, Edwards, Walt Disney, Oscar Health, Philip Morris, Armour, BAX, BILL, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Big Tech, Dow Jones Industrial, Nasdaq, PMI, Apple, Starbucks, Procter, Gamble, GE Healthcare, DuPont, Linde, Ford, General Motors, Trian Partners, Disney, ESPN, Wynn Resorts, Wynn, Vegas, Prix, Estée Lauder Companies, Caterpillar, McDonalds Corp, Allegiant Travel, Bowlero Corp, Tyson Foods, TSN, Air Products & Chemicals, IDEXX Laboratories, CNA Financial Corp, CNA, Timken Company, Graham Corporation, Mesa Laboratories, Sphere Entertainment, Loews Corp, Technologies, Vertex Pharmaceuticals, Semiconductors, Simon Property Group, Amkor Technology, FMC Corporation, FMC, BellRing Brands, Crown Holdings, ChampionX Corporation, Golub Capital BDC, Flexsteel Industries, Kilroy Realty Corp, Gladstone Capital Corp, Unibanco, S.A, Snack Foods Corp, Kimball Electronics, Skyline Corp, Cabot Corporation, Simpson Manufacturing Co, Varonis Systems, Co, GE HealthCare, Linde plc, LIN, Spotify Technology S.A, BP, Hertz Global Holdings, AeroSystems Holdings, Toyota Motor Corp, Cummins, CMI, Software Technologies, AGCO Corporation, Carrier Global Corporation, Lear Corp, CONSOL Energy, Centene Corporation, Gartner, Arcbest Corp, CTS Corporation, Energizer Holdings, Hamilton Lane Incorporated, KKR, Precision Drilling Corporation, Frontier Group Holdings, Waters Corp, Alfa Laval, Aramark Holdings Corp, FirstService Corporation, Garden Sports Corp, New Jersey Resources Corp, nVent Electric plc, PJT Partners, Resources, Sensata Technologies, Ford Motor Company, Enphase Energy, Grill, VF Corp, Edwards Lifesciences Corp, Gilead Sciences, Lumen Technologies, Cognizant Technology Solutions Corp, Weatherford International plc, Amcor plc, Arrowhead Pharmaceuticals, Advanced Energy Industries, Uber Technologies, CVS Health, Roblox Corporation, Ares Capital Corp, Bunge, XPO Logistics, Scotts Miracle, Gro Company, Berry Global, Flex LNG, Equinor ASA, Griffon Corporation, OneMain Holdings, Brookfield Asset Management, Emerson Electric Co, Hilton Worldwide Holdings, Reynolds Consumer Products, Silicon Laboratories, Brands, Sciences, CDW Corp, Fox Corporation, WYNN, PayPal, Arm Holdings plc, ARM, Axcelis Technologies, Mattel, Paycom, Annaly Capital Management, McKesson Corp, Health Corporation, O'Reilly Automotive, Allstate Corp, Fluence Energy, Power Systems, Digital Turbine, Blue Bird Corp, Everest Group, Omega HealthCare, Coty, COTY, ConocoPhillips, Cameco Corp, Philip Morris International, Spirit Airlines, Hershey Company, Lightspeed Commerce, Aurora Cannabis, Lincoln National Corp, P, Tenet Healthcare Corp, Asbury Automotive Group, Arrow Electronics, Baxter International, PetMed, Boyd Gaming Corp, FirstEnergy Corp, Motorola Solutions, Terex Corp, PepsiCo, Growth, AMC Networks, Owl, American Pipeline, TELUS International, Magna International, Newell Brands, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, China, Macau, Wynn Macau, Valvoline, VVV, ALFVY, Madison, New Jersey, Gilead, Ceridian, ORLY, Paycor, Aurora, Provo , Utah

☆ Offering 5-star travel in your employee benefits package could help your company attract talent and boost retention
▼ + stars: | 2023-12-07 | by ( Mariette Williams | ) www.businessinsider.com time to read: +7 min

A travel benefits package is a company-sponsored plan for employees that can include travel stipends or complimentary flights and hotel stays. With many Americans prioritizing travel, we asked three experts for their advice on how businesses could implement travel perks as part of a company benefits package. "But anything that compensates an employee, including travel benefits, should be taken into consideration when you are trying to attract and retain talent." While a travel benefits package can go far in attracting and retaining talent, it doesn't have to come with a hefty price tag. Though offering travel benefits is a relatively new frontier for companies, the payoff could be a motivated workforce and an attractive way to appeal to top talent.

Persons: —, It's, Barbara Palmer, Jessica Sterling, Heather Rider Hammond, Shea, Palmer, Gravel, Hammond, Foster, Jennifer Kraszewski, Kraszewski Organizations: Service, Recruiting, Broad Perspective, Jessica Sterling Photography, Gravel, Business, Shea Locations: Paycom

☆ NBA roundup: 76ers end Thunder's 6-game win streak
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +4 min

Embiid returned after missing Wednesday's loss to Minnesota with hip soreness, helping the 76ers snap a two-game losing streak and end the Thunder's six-game winning streak. Kyle Kuzma finished with 12 points and added team-highs of eight assists and seven rebounds. Lakers 121, Cavaliers 115Anthony Davis had 32 points and 13 rebounds to help visiting Los Angeles to a win against Cleveland. Los Angeles also received solid bench contributions, as Austin Reaves had 15 points and 10 assists, Christian Wood scored 13 points and Jaxson Hayes added 10 points. Zion Williamson, who led the Pelicans to a road win over the Los Angeles Clippers late Friday night, continued his pattern of sitting out the second night of back-to-back sets.

Persons: Joel Embiid, Cason Wallace, Alonzo Adams, Tyrese Maxey, Embiid, Chet Holmgren, Shai Gilgeous, Alexander, Holmgren, Trae Young, De'Andre Hunter, Young, Jared Butler's, Kyle Kuzma, Bridges, Cameron Johnson, Bam Adebayo, Jimmy Butler, Haywood Highsmith, Jamal Cain, Caleb Martin, Jaime Jaquez Jr, Anthony Davis, LeBron James, Max Christie, D'Angelo Russell, Angeles, Austin Reaves, Christian Wood, Jaxson Hayes, Donovan Mitchell, Jarrett Allen, Evan Mobley, Cleveland, Georges Niang, Craig Porter, Collin Sexton, Keyonte George, Kelly Olynyk, Zion Williamson, Paul George, Terance Mann, Norman Powell, Russell Westbrook, Ivica Zubac, Luka Doncic, Kyrie Irving, Tim Hardaway Jr Organizations: Philadelphia 76ers, Oklahoma City Thunder, Paycom Center, USA, 76ers, Thunder, Atlanta, Washington, Hawks, Seven Washington, Nets, Brooklyn, Miami, The Nets, Lakers, Cavaliers, Cleveland, Jazz, Pelicans, New Orleans, Utah, Los Angeles Clippers, Clippers, Mavericks, Dallas, Los, Thomson Locations: Oklahoma City , Oklahoma, USA, Minnesota, New York, Los Angeles, Utah, Salt Lake City

☆ The market is entering deep overbought territory, and these stocks could be due for a pullback
▼ + stars: | 2023-11-17 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Certain stocks, including Cintas and Chipotle Mexican Grill , may be due for a pullback as the market hovers close to overbought conditions, according to one popular metric. The broader market is on the cusp of entering overbought territory, however, according to Wolfe Research. A stock with a 14-day RSI greater than 70 is considered to be overbought and at risk of a pullback. American Express , another company that has seen a boost in its stock price this week, could also be due for a pullback. Analysts covering the company forecast a 7.8% upside for its stock price, and just above 50% rate it a buy.

Persons: Thursday's, Jasper Bibb, TD Cowen, Ingersoll Rand Organizations: Nasdaq, Dow Jones, Wolfe Research, CNBC, Truist Securities, American Express, Barclays, Qualcomm, TransDigm, APA Corp, Marathon Oil, Marathon, APA, UBS, Kroger, Coterra Energy, Cisco Systems Locations: overbought

☆ Mom and pop shops are cutting software spending, creating jitters on Wall Street
▼ + stars: | 2023-11-16 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +9 min

Joe Coffee founders Nick and Brenden Martin Joe CoffeeWall Street is on edge. Over the past two decades, small businesses have accounted for 40% of U.S. gross domestic product, according to the Chamber of Commerce. "If America is really built on the backbone of small business owners, why are they the ones that never catch the break?" In 2021, Joe Coffee, which now has 17 employees, created a full software and payments suite for coffee shops. WATCH: Xero will remain focused on core segments such as small businesses

Persons: PAYC ZI, Nick Martin, Joe Coffee, Martin, Joe Coffee's, aren't, Bill, Nick, Brenden Martin Joe Coffee, John Rettig, Cameron Hyzer, Yamini Rangan, Rangan, Bill didn't, Jake Dollarhide, Martins, Brenden Martin, Nick's, Brenden, Zhang Peng, they'd, Taylor McGinnis, ZoomInfo, we've, Bryan Keane Organizations: Starbucks, CNBC, Bill Holdings, Bureau of Labor Statistics, Joe, Nasdaq, Chamber of Commerce, Longbow Asset Management, Microsoft, Coffee Fest, UBS, Deutsche Bank Locations: Seattle, Paycom, West Richland , Washington, Coffee, Los Angeles

☆ Thunder prevail in battle of young stars, crush Spurs
▼ + stars: | 2023-11-15 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/51] Nov 14, 2023; Oklahoma City, Oklahoma, USA; San Antonio Spurs center Victor Wembanyama (1) drives past Oklahoma City Thunder forward Jalen Williams (8) during the first quarter at Paycom Center. Mandatory Credit: Alonzo Adams-USA TODAY Sports Acquire Licensing RightsNovember 15 - Shai Gilgeous-Alexander scored 28 points to lead the host Oklahoma City Thunder to a 123-87 win over the San Antonio Spurs on Tuesday night. Oklahoma City forced 25 San Antonio turnovers, outscoring the Spurs 23-13 off giveaways in the process. The Spurs have lost six consecutive games, including two in the tournament, where San Antonio is 0-2. San Antonio was without backup point guard Tre Jones for the second consecutive game due to right hamstring tightness.

Persons: Victor Wembanyama, Jalen Williams, Alonzo Adams, Shai Gilgeous, Alexander, Antonio's Victor Wembanyama, Chet Holmgren, Holmgren, Wembanyama, Zach Collins, Josh Giddey, Giddey, Julian Champagnie, Collins, Tre Jones, Keldon Johnson Organizations: San Antonio Spurs, Oklahoma City Thunder, Paycom Center, USA, Oklahoma City, San Antonio, Spurs, Oklahoma City's, Thunder, Thomson Locations: Oklahoma City , Oklahoma, USA, Oklahoma, Antonio

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Nike, TJX, Disney, Peloton, Re/Max, Home Depot and more
▼ + stars: | 2023-11-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on the stock after its 10-K annual report. Morgan Stanley initiated Tal Education as overweight Morgan Stanley said the China education company is defensive. Morgan Stanley names TotalEnergies a top pick Morgan Stanley named TotalEnergies a top pick and says the energy company has "resource depth and resilience." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said in a note Tuesday that Tesla needs to "stop missing numbers" and execute better, but that the firm is sticking with its overweight rating. Morgan Stanley downgrades Re/Max to underweight from equal weight Morgan Stanley said in its downgrade of Re/Max that it sees too many negative catalysts for the real estate company.

Persons: Morgan Stanley, Apple, it's, Edward Jones, Hewlett Packard, PC's, D.A, Davidson, Appian, Wells, Wells Fargo, financials, Tal, EDU, TAL, TotalEnergies, TJX, Goldman Sachs, Tesla, Melius, Morgan Stanley downgrades, Max Organizations: RBC, Home, ISI, Nike, Athletic, UBS, Apple, Citi, Deutsche Bank, TAM, Hewlett, Disney, Tal Education, BP, TJX Companies, Thomson Reuters, Nasdaq, Tesla, Nvidia Locations: Ceridian, China, OW

☆ NBA roundup: Warriors survive close call, edge Thunder
▼ + stars: | 2023-11-04 | by ( ) www.reuters.com time to read: +5 min

Dario Saric added 20 points off the bench for the Warriors, who have won five consecutive games following an opening loss. Malcolm Brogdon added 24 points, 10 assists, seven rebounds and three steals as the Trail Blazers won their third consecutive game. Shaedon Sharpe scored 22 points and Deandre Ayton had 16 points, 12 rebounds and three steals for Portland. Desmond Bane notched 33 points, eight rebounds, seven assists, four steals and three blocked shots as the Grizzlies dropped to 0-6. Jaren Jackson Jr. added 30 points, 10 rebounds and three blocked shots for Memphis, the last winless team in the NBA.

Persons: Stephen Curry, Luguentz Dort, Alonzo Adams, Green, Dario Saric, Shai Gilgeous, Alexander, Jerami Grant, Malcolm Brogdon, Shaedon Sharpe, Deandre Ayton, Desmond Bane, Jaren Jackson, Damian Lillard, Giannis Antetokounmpo, Jae Crowder, MarJon Beauchamp, Brook Lopez, Jalen Brunson, Brunson, Lillard, Myles Turner, Tyrese Haliburton, Donovan Mitchell, Turner, Haliburton, Mitchell, Tyler Herro, Jimmy Butler, Bam Adebayo, Duncan Robinson, Herro, Kyle Kuzma's, Jordan Poole, Nikola Jokic, Michael Porter Jr, Jamal Murray, Aaron Gordon, Luka Doncic, Kyrie Irving, Jason Kidd, Sean Sweeney, Bridges, Dennis Smith Jr, Dorian Finney, Smith, Zach LaVine, DeMar DeRozan, Coby White, Nikola Vucevic Organizations: Golden State Warriors, Oklahoma City Thunder, Paycom Center, USA, NBA, Warriors, Oklahoma City, New Orleans Pelicans, Blazers, Grizzlies, Portland, Memphis, Trail Blazers, Bucks, Knicks, Milwaukee, New, Brook, Pacers, Cavaliers, Indiana, Cleveland, Wizards, Miami, Washington, Nuggets, Mavericks, Denver, Dallas, Nets, Bulls, Chicago, Thomson Locations: Oklahoma City , Oklahoma, USA, Portland, Memphis, New York, Milwaukee, Indianapolis, Haliburton, Washington, Brooklyn

☆ Stocks making the biggest moves midday: Estee Lauder, Yum China, Paycom Software and more
▼ + stars: | 2023-11-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Advanced Micro Devices — The stock added 8% after the chipmaker beat analyst expectations for its third-quarter earnings . Estee Lauder also lowered its full-year earnings per share guidance to a range between $2.17 and $2.42, versus its previous guidance of $3.50 per share to $3.75 per share. Third-quarter earnings per share came in above consensus, however. Paycom Software — Shares of the HR and payroll company dropped more than 36% after Paycom's third-quarter revenue came in light of expectations. Trimble — The technology and software stock shed 13% after Trimble's third-quarter revenue came in below estimates.

Persons: LSEG, Estee Lauder, Trimble —, David Barnes, Ford, Jesse Pound, Samantha Subin Organizations: CVS, —, LSEG, DuPont de Nemours —, Garmin, FactSet, Barclays, General Motors Locations: China

☆ Stock Market News, Nov. 1, 2023: Stocks Close Higher After Fed Keeps Interest Rates Unchanged
▼ + stars: | 2023-11-01 | by ( ) www.wsj.com time to read: +1 min

That’s the question on investors' minds after the central bank held rates steady in its latest policy decision . Few investors anticipated Fed fireworks today. But money managers watched Jerome Powell’s press conference for clues about what could come next in the central bank's fight against inflation. Stocks rose to session highs late in the day and as Powell spoke; yields settled Wednesday lower. Traders expect rate cuts next year, though Powell said that's not in the Fed's immediate plan .

Persons: Jerome Powell’s, Powell, that's, Stocks, Dow Organizations: Nasdaq, Paycom

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Meanwhile, the Treasury Department said it will slow the pace of increases in its longer-dated debt auctions in the November-January quarter. Seven of the 11 major S&P 500 sectors were trading higher, with information technology (.SPLRCT) and communication services (.SPLRCL) leading gains. Overall, analysts expect earnings for S&P 500 companies to grow 5% in the third-quarter, per LSEG data. The S&P index recorded seven new 52-week highs and 24 new lows, while the Nasdaq recorded 18 new highs and 190 new lows.

Persons: Brendan McDermid, Estee Lauder, U.S . Treasury Department's refunding, Jerome Powell's, Robert Pavlik, EL.N, advancers, Amruta Khandekar, Shashwat Chauhan, Sriraj Kalluvila, Dhanya Ann Thoppil, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Federal, Treasury, CVS, Dow, Nasdaq, Federal Reserve, U.S . Treasury, Dakota Wealth, Traders, Treasury Department, Microsoft, Nvidia, Reuters Graphics Reuters, Labor, Dow Jones, Paycom, NYSE, Thomson Locations: New York City, U.S, October's U.S, Fairfield , Connecticut, Bengaluru

☆ Stocks making the biggest moves premarket: AMD, WeWork, Wayfair, Humana and more
▼ + stars: | 2023-11-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Advanced Micro Devices — The chipmaker dipped more than 1% after issuing softer-than-expected revenue guidance for the fourth quarter. Match Group — The dating service platforms owner shed 8.3% on weaker-than-estimated revenue guidance for the fourth quarter. Wayfair — The online furniture retailer tumbled 12% after third quarter revenue missed analyst expectations. Yum reported $2.91 billion in revenue, while analysts had expected $3.06 billion in revenue, according to estimates from LSEG. Caesars Entertainment – The gaming stock rose 5% before the bell after topping Wall Street's third-quarter earnings expectations.

Persons: General Motors, Wayfair, Goldman Sachs, ZoomInfo, FactSet, Estee Lauder, —, Kraft Heinz, Paycom, Fred Imbert, Alex Harring, Jesse Pound, Samantha Subin, Sarah Min Organizations: Street Journal, Ford, General, Barclays, CVS, Technologies, Humana, Kraft Heinz, FactSet, Yum China, —, Caesars Entertainment, LSEG Locations: Aetna, China, LSEG

☆ Here are Wednesday's biggest analyst calls: Apple, Meta, Boeing, AMD, Carvana, Ford, Robinhood & more
▼ + stars: | 2023-11-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are the biggest calls on Wall Street on Wednesday: UBS reiterates Advanced Micro Devices as buy UBS said it's standing by its buy rating on the chipmaker after its earnings report on Tuesday. Goldman Sachs downgrades ZoomInfo Technologies as buy Goldman downgraded the stock after its "mixed" earnings report citing lower visibility. UBS upgrades JD.com to buy from neutral UBS said shares of the Chinese retailer are attractive. " UBS reiterates Apple as neutral UBS said its checks show Apple's iPhone wait times are lower. TD Cowen reiterates Carvana as market perform TD said it's cautious heading into the used car company's earnings report on Thursday.

Persons: it's, TD Cowen, Piper Sandler, Piper, Polestar, Goldman Sachs, Goldman, Morgan Stanley, Bernstein, Price, Cantor Fitzgerald, VinFast, Cantor, it's bullish, JD, Mizuho, Robinhood, HOOD, Carvana Organizations: UBS, Devices, EV, Technologies, Bank of America, of America, UAW, Barclays, Ford, General Motors, Meta, JPMorgan, Boeing, Goldman, NRG Energy, Guggenheim, Management, Clear Messaging, Deutsche Bank, Deutsche, Apple, BP, UW Locations: Asia, Europe, North America

☆ Paycom forecasts weak fourth-quarter revenue; shares tank
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

Oct 31 (Reuters) - Payroll processor Paycom Software (PAYC.N) on Tuesday forecast fourth-quarter revenue that was below market estimates hit by sluggish demand for payroll solutions and human resource management amid an uncertain economy, sending the company's shares down 28% in extended trading. Sticky inflation and high borrowing costs have clouded Paycom's outlook and hurt demand for the company's human resource and payroll services amid a resilient job market. Paycom forecast current-quarter revenue in the range of $420 million to $425 million, compared with estimates of $452.3 million, according to LSEG data. The company also cut its annual revenue forecast to a range of $1.679 billion to $1.684 billion. It posted revenue of $406.3 million for the third quarter ended Sept. 30, missing analyst estimates of $411.2 million.

Persons: Zaheer Kachwala, Shailesh Organizations: Paycom, Thomson Locations: Bengaluru

☆ Stocks making the biggest moves after hours: Paycom, AMD, Yum China and more
▼ + stars: | 2023-10-31 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Paycom Software — Shares dropped 26.5% after the company missed third-quarter revenue estimates. Paycom posted $406.3 million in revenue for the period, while analysts polled by FactSet had called for $411.2 million. The company reported 70 cents per share in earnings surpassing analysts' forecast of 68 cents per share, according to LSEG. Yum China Holdings — The China-based restaurant operator shed 10.8% after missing revenue estimates for the third quarter. Yum reported $2.91 billion in revenue, falling short of analysts' expectations of $3.06 billion in revenue, according to estimates from LSEG.

Persons: Paycom, FactSet, MasTec, LSEG Organizations: Revenue, Yum China Holdings — Locations: LSEG, China

☆ Morning Bid: Refunding relief stokes bond-led bounce
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2023. But relief in Treasuries, the villain of the piece for several weeks, is probably the most significant marker for the remainder of the year. And there were further soothing noises for world bonds, even if not for global growth, from surprisingly weak Chinese business surveys for October. Overall, the picture pointed to another positive day for Wall Street stocks, with futures marginally positive ahead of the open as the Fed meeting gets underway. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Hubbell, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Bank of, Federal Reserve, U.S . Treasury, Nikkei, Big Oil, BP, Wall, pharma, Pfizer, Caterpillar, General Motors, United Auto Workers, Detroit Three, Dallas Fed, Federal, AMD, Global, Franklin Resources, Equity, GE Healthcare, WEC Energy, Treasury, Reuters, Thomson Locations: New York City, U.S, Bank of Japan, Treasuries, California, Israel, Gaza, Europe, Chicago, Amgen, MSCI, Eaton, Franklin, AMETEK, Echolab

☆ Here are Thursday's biggest analyst calls: Meta, Apple, Microsoft, Live Nation, Adobe, Disney & more
▼ + stars: | 2023-10-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Bank of America reiterates Meta as buy Bank of America said it's standing by its buy rating after Meta's earnings report on Wednesday. Goldman Sachs reiterates ServiceNow as buy Goldman said it's standing by its buy rating on the stock after Wednesday's robust earnings report. "We are upgrading Adobe to a BUY rating and adding it to D.A. Bank of America initiates Paycom as buy Bank of America said it's bullish on the "fast growth" payroll and human resources company. "We are initiating coverage of Paycom with a Buy rating and $330 PO, implying upside of 30%.

Persons: Evercore, Piper Sandler, Apple, Piper, Goldman Sachs, ServiceNow, Goldman, Davidson, DA, Davidson's, Key, Oppenheimer, Cantor Fitzgerald, Cantor, Silver Lake, it's bullish, Redburn, Jefferies Organizations: Bank of America, Meta, Mac, TAM, Adobe, HSBC, Microsoft, Bank of America downgrades, Networks, of America, NASDAQ, Citi, Endeavor, Disney, Body, Northland Locations: China, Northland, Nextracker

☆ Lightning Round: Fintech is going out of fashion, says Jim Cramer
▼ + stars: | 2023-09-18 | 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: Fintech is going out of fashion, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Dollar General, Paycom, Tilray, Fastly, SGHC, Iridium, Pfizer and Atkore.

Persons: Jim Cramer, Paycom Organizations: Iridium, Pfizer, Atkore

☆ Cramer's Lightning Round: Tilray is 'too dangerous'
▼ + stars: | 2023-09-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Dollar General's year-to-date stock performance. Stock Chart Icon Stock chart icon Tilray's year-to-date stock performance. Stock Chart Icon Stock chart icon Fastly's year-to-date stock performance. Stock Chart Icon Stock chart icon Iridium's year-to-date stock performance. Stock Chart Icon Stock chart icon Pfizer's year-to-date stock performance.

Persons: Jim Cramer's, I'm, It's Organizations: Pfizer

☆ Ceridian delivers revenue beat on robust demand for payroll services
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

Aug 2 (Reuters) - Ceridian (CDAY.N) slightly raised its annual revenue forecast on Wednesday and surpassed quarterly sales estimates, thanks to strong demand for its human resources and payroll management services. The results follow strong earnings at rivals such as Paycom (PAYC.N) and Automatic Data Processing (ADP.O), underscoring how a strong labor market is driving demand for payroll processors even as rising interest rates pressure the economy. Ceridian, whose more than 6,000 customers include Spirit Aerosystems (SPR.N), said it now expects annual revenue of $1.49 billion to $1.51 billion, compared with its previous forecast of $1.48 billion to $1.50 billion. Its revenue rose 21.5% to $365.9 million in the second quarter, beating estimates of $358.4 million, according to Refinitiv IBES data. The business brought in $268.2 million in recurring revenue in the quarter, and analysts have said that a relatively stable labor market should feed client expansion and stronger margins.

Persons: Zaheer Kachwala, Devika Organizations: Thomson Locations: Bengaluru

☆ Stocks making the biggest moves midday: SolarEdge Technologies, Humana, Starbucks, Robinhood and more
▼ + stars: | 2023-08-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

SolarEdge Technologies — The solar stock tumbled about 19% after the company reported $991 million in revenue, missing analysts' estimates of $992 million, according to Refinitiv. CVS Health — The retail pharmacy stock gained 4% during midday trading Wednesday after the company posted strong earnings and revenue for the second quarter. The company reported adjusted earnings per share of $1.29, topping the $1.10 expected from analysts polled by StreetAccount. Starbucks' adjusted earnings per share for the fiscal third quarter was $1, versus the 95 cents expected by analysts, per Refinitiv. Chinese tech stocks — Shares of Chinese technology stocks dropped after regulators in China proposed limits on smartphone use for minors.

Persons: SolarEdge, Norwegian's, Emerson Electric's, Pinterest, Generac, Freshworks, Genuity, Robinhood, CNBC's Hakyung Kim, Pia Singh, Alex Harring Organizations: SolarEdge Technologies, CVS Health, CVS, Wall Street, Cruise, Susquehanna, Emerson, StreetAccount, Revenue, Wall, FactSet's, Starbucks, Bank of America, JPMorgan, Scotts Miracle, Gro, Scotts, JD.com, Baidu, Tencent Locations: Refinitiv, China

☆ Paycom results beat estimates on steady demand for payroll services
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

Aug 1 (Reuters) - Paycom (PAYC.N) projected third-quarter revenue in line with market estimates on Tuesday and beat earnings expectations for the April-June period as demand for its human resource and payroll services withstood an uncertain economy. The results follow a strong report from rival Automatic Data Processing (ADP.O) and show a stable labour market is feeding demand for payroll services providers, even as rising interest rates and still-high inflation cloud the industry's outlook. Paycom forecast current-quarter revenue between $410 million and $412 million, compared with estimates of $412 million, according to analysts polled by Refinitiv. It also nudged up both the bottom and top end of its full-year revenue forecast by $2 million to a range of $1.715 billion to $1.717 billion. Paycom has in recent years benefited from rising demand for its Beti service, which allows for self-payroll and automation.

Persons: Chad Richison, Paycom, Zaheer Kachwala, Aditya Soni, Devika Organizations: Refinitiv, Thomson Locations: Canada

☆ Morning Bid: August cools Wall St stocks
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +4 min

China's factory underperformance stood out once again and underlined its struggling recovery - perhaps the main driver of stalling industrial activity everywhere. With markets increasingly impatient at the patchy and underwhelming economic stimulus plans seen from Beijing so far, China stocks fell back (.CSI300), bucking Tuesday's wider Asia stocks rally. Sterling and UK stocks (.FTMC) fell back. Ride-hailing giant Uber's stock rose more than 2% before the bell and ahead of its earnings report. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan, underperformance, Austan Goolsbee, Goolbee, Stanley Black, Decker, Zimmer Biomet, Revvity, Bernadette Baum Organizations: Federal Reserve, U.S ., Chicago Fed, Bank of England, Sterling, AMD, Caterpillar, Big Pharma, Pfizer, Merck, Ride, HSBC, BP, Uber, Prudential Financial, AIG, Starbucks, Molson Coors, Boston Properties, Caesars Entertainment, Illinois Tool, Natural Resources, Energy, Devon Energy, Gartner, Allstate, Paycom Software, Electronic, WEC, Rockwell, Public Service Enterprise, P Global, Dallas Fed, Chicago Federal, Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Wall, Beijing, China, Asia, ., Marathon, Eaton, Altria, Marriott, Illinois, Progressive

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