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☆ Stocks making the biggest moves midday: Berkshire Hathaway, R1 RCM, Freshpet, Amer Sports and more
▼ + stars: | 2024-02-26 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Earlier in the session, the conglomerate's stock reached all-time highs, following strong operating earnings in its fourth quarter. Pilgrim's Pride — Shares climbed 6.2% after the meat processing company beat Wall Street's expectations for the fourth quarter. Amer Sports — The athletic retailer climbed 3% on the back of a slew of bullish calls from Wall Street analysts. Fresh Del Monte Produce — Shares fell 2% after the agriculture company reported quarterly results that fell short of expectations. Revenue of $1.01 billion was lower than the consensus estimate of $1.03 billion.

Persons: Berkshire Hathaway —, Morgan Stanley, Pilgrim's, FactSet, Wilson, Arc'teryx, — CNBC's Brian Evans, Michelle Fox, Lisa Kailai Han, Alex Harring, Tanaya Macheel, Jesse Pound, Pia Singh Organizations: Berkshire, U.S . Securities, Exchange Commission, Amer, Wall Street, Micron Technology, —, HSBC, Alcoa —, Alcoa, Fluence Energy, Susquehanna Financial, Produce, FactSet, PPG, PPG Industries Locations: FactSet ., U.S, Canada

☆ Fed's favorite inflation gauge looms next week — plus, what we want from 2 portfolio earnings reports
▼ + stars: | 2024-02-24 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.

Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman

☆ Goldman Sachs gives 3 investment strategies for an expensive stock market
▼ + stars: | 2024-01-16 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

In fact, the S & P 500 is currently at about the same valuation Goldman Sachs expected it to end 2024. Weak pricing power Another trade is owning businesses with weak pricing power. "During periods of improving profitability, investors often reduce the scarcity premium assigned to strong pricing power stocks, and firms with less pricing power and more variable profit margins typically outperform." Some companies with weak pricing power include Freshpet , according to a Goldman Sachs stock screen. Own consumer staples Meanwhile, consumer staples are at an attractive valuation compared to utilities.

Persons: Goldman Sachs, David Kostin, Kostin, Russell, what's, TD Cowen, Roblox, D.R, Consumer Staples, Tyson Organizations: CNBC, Survey, WisdomTree, Hertz Global Holdings, Consumer, Utilities, Tyson Foods, Pilgrim's Locations: Horton , Texas

☆ Record chicken prices squeeze US shoppers, benefit Tyson Foods
▼ + stars: | 2023-10-05 | by ( Tom Polansek | ) www.reuters.com time to read: +5 min

Higher chicken prices should improve earnings at top producers Tyson (TSN.N) and Pilgrim's Pride (PPC.O), but will pinch consumers' pockets as they try to save money by turning away from higher-end proteins. Arkansas-based Tyson, which sells all three types of meat, had to deal with a glut of chicken after earning massive profits when meat prices soared during the COVID-19 pandemic. The U.S. government last month trimmed its estimate for 2023 chicken production from August due in part to expectations for lower chick placements. "We've seen some recovery in chicken prices and we've seen some consumer prices start to level off," Tyson CFO John R. Tyson told investors last month. Further increases in chicken prices could threaten demand, said Adam Speck, senior commodity analyst for Gro Intelligence.

Persons: Lucas Jackson, Tyson, Bob Brown, Brown, Donnie King, Arun Sundaram, Sundaram, We've, John R, Adam Speck, Bill Densmore, Tom Polansek, Caroline Stauffer, David Gregorio Our Organizations: New York U.S, REUTERS, Rights, Tyson Foods, U.S . Department of Agriculture, Rabobank, Producers, CFRA Research, Gro Intelligence, Fitch, Thomson Locations: Brooklyn, New, Arkansas, U.S, freezers ., Wilkesboro , North Carolina, Great

☆ Here are Thursday's biggest analyst calls: Tesla, Spotify, Netflix, Chevron, Carvana, Coinbase & more
▼ + stars: | 2023-07-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Thursday's biggest calls on Wall Street: TD Cowen upgrades Meta to outperform from market perform TD Cowen said it sees further share gains ahead for Meta. TD Cowen reiterates Amazon as outperform TD said it's bullish heading into Amazon earnings later this month. Deutsche Bank reiterates Microsoft as buy Deutsche said the stock is "set up nicely" heading into earnings later this month. " Bank of America reiterates Tesla as neutral Bank of America said it's standing by its neutral rating heading into earnings next week. BMO reiterates Chevron as outperform BMO said in a note on Thursday that it likes the oil and gas giant's capital return.

Persons: Cowen, TD Cowen, it's, Stifel, Coinbase, JPMorgan downgrades, Morgan Stanley, Cboe, Morgan Stanley downgrades SoFi, Tesla, Domino's, Robert Iger, Oppenheimer Organizations: Meta, Energy Fuels, Clean Energy Fuels Corp, Barclays, JPMorgan, Spotify, Deutsche Bank, Microsoft, Deutsche, BMO, Netflix, " Bank of America, of America, Suisse, Credit Suisse, Bank of America, Disney, ESPN, Chevron Locations: China

☆ US chicken producers ordered to face price-fixing claims
▼ + stars: | 2023-06-30 | by ( Jonathan Stempel | Industry Insight | Corporate Attorneys Don T Want To Pay Law Firms For Chatgpt When They Could Use It Themselves | ) www.reuters.com time to read: +2 min

[1/2] Tyson Chicken Nuggets, owned by Tyson Foods, are seen for sale in Queens, New York, U.S., November 16, 2021. Restaurants, supermarkets, distributors and consumers have accused chicken producers of having conspired starting in 2008 to inflate prices, through tactics such as restricting production and sharing nonpublic data about supply and demand. But the judge also narrowed the case to cover alleged "anomalous decreases in broiler production" in 2008-2009 and 2011-2012. Pilgrim's Pride, Sanderson and Tyson did not immediately respond to requests for comment after market hours. The case is In re Broiler Chicken Antitrust Litigation, U.S. District Court, Northern District of Illinois, No.

Persons: Tyson, Andrew Kelly, Pilgrim's, Sanderson, District Judge Thomas Durkin, Durkin, Perdue, Brazil's, Jonathan Stempel, Edwina Gibbs Organizations: Nuggets, Tyson Foods, REUTERS, District, Georgia Dock, Agri Stats, Brazil's JBS SA, Antitrust Litigation, Court, Northern District of, Thomson Locations: Queens , New York, U.S, Chicago, Northern District, Northern District of Illinois, New York

☆ Three industries ripe for automation, according to a robotics guru
▼ + stars: | 2023-06-03 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

A software and robotics machine called mGripAI from Massachusetts-based Soft Robotics sorts artifical pieces of chicken into trays for packaging at an automation conference held by the Association for Advancing Automation in Detroit. But other industries where robotics haven't yet taken hold may be potential investment opportunities and expansion areas for automation companies in the coming years. Those emerging areas intrigue Jeff Burnstein, an automation-industry guru and president of the Association for Advancing Automation. His trade group represents more than 1,000 global companies involved in robotics, machine vision, motion control, and motors and related technologies. Jeff Burnstein (right center), president of the Association for Advancing Automation, after receiving a Joseph F. Engelberger Robotics Award for his more than 40-year career in the industry.

Persons: Michael Wayland, Jeff Burnstein, Joseph, Burnstein, Anthony Romeo, Tyson Foods Greg Smith, Corbis SABA, Tyson Foods, Tyson, Donnie King Organizations: Robotics, Association for, Automation, CNBC DETROIT, Association for Advancing, Engelberger, Labor, Deere, Co, Cognex Corp, Tyson Foods Locations: Massachusetts, Detroit, U.S

☆ US meatpacker JBS opens cleaning unit after outside firm fined for hiring kids
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +2 min

The new company, JBS Sanitation, will "immediately begin the transition" to cleaning 10 JBS USA facilities, which produce beef and pork, according to a statement issued this week. JBS Sanitation will also do in-house cleaning for Pilgrim's Pride Corp (PPC.O) and create "hundreds of union jobs," the statement said. JBS USA is the North American unit of Brazil's JBS SA (JBSS3.SA), which also owns most of Pilgrim's Pride. JBS USA did not immediately respond to questions about the costs of the launch on Thursday. JBS USA previously said it terminated contracts with PSSI at "numerous" facilities, including three plants where alleged child-labor violations occurred.

☆ Here are Friday's biggest analyst calls: Amazon, Apple, Tesla, Royal Caribbean, Intel, Hasbro & more
▼ + stars: | 2023-04-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Friday's biggest calls on Wall Street: Bank of America upgrades Hasbro to neutral from underperform Bank of America said it sees resilient demand for Hasbro . Goldman Sachs reiterates Amazon as buy Goldman said it's standing by the stock after its robust earnings report Thursday. " Benchmark upgrades Intel to buy from hold Benchmark said in its upgrade of Intel that the worst is already baked in. Bank of America upgrades Pilgrim's Pride to buy from neutral Bank of America said in its upgrade of the poultry company that the worst is behind it. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's still bullish on Apple shares heading into earnings next week.

☆ Stay away: These stocks are expensive and most vulnerable to a consumer slowdown, Wolfe Research says
▼ + stars: | 2023-02-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Consumer spending is likely to turn negative following "a series of rolling recessions," and there are several vulnerable stocks that investors may want to steer clear of in the months ahead, according to Wolfe Research. Most of them have highly volatile gross margins, leaving them vulnerable to disappointing consumer spending. It's followed in volatility by Peloton , with gross margin volatility of 31%. Its gross margin volatility is 13%. DraftKings and Las Vegas Sands are also near the top in terms of gross margin volatility, at 26% and 25%, respectively.

☆ Earnings and Fed Chair Powell will again drive markets in the week ahead
▼ + stars: | 2023-02-03 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

With few economic releases and the earnings season starting to wind down, an appearance by Federal Reserve Chairman Jerome Powell Tuesday could be among the newsiest events for markets in the week ahead. The Fed chair is speaking at the Economic Club of Washington D.C. at midday Tuesday. If he wanted to walk back anything, he could have done it then," said Art Hogan, chief market strategist at B. Riley. Economists said Friday's surprisingly strong jobs report should encourage the Fed to push forward with planned rate hikes. Earnings, earnings, earnings But there continues to be earnings news.

☆ Stocks could continue to break higher as Apple, big tech report earnings in week ahead
▼ + stars: | 2022-10-21 | by ( Patti Domm | In | ) www.cnbc.com time to read: +9 min

The three major averages closed higher Friday, with the S & P 500 adding 2.37% to close at 3,752.75. Stovall said the S & P 500 had six positive moves of 1% or more in the last 17 trading days, as of Friday. Earnings, earnings, earnings About 150 S & P 500 companies report earnings in the coming week. Technically speaking Scott Redler, partner with T3Live.com, said he is watching a formation in the S & P 500 that could be positive. His first target for the S & P 500 is 3,800.

☆ U.S. moves to dismiss price-fixing case against two former Pilgrim's Pride execs
▼ + stars: | 2022-10-16 | by ( Mike Scarcella | ) www.reuters.com time to read: +2 min

Federal prosecutors asked U.S. District Judge Daniel Domenico to dismiss the case against Jason McGuire, who was a former executive vice president of sales at Pilgrim's Pride, and Timothy Stiller, a former general manager. In July, a Colorado jury found three other Pilgrim's Pride executives, and two executives of Claxton Poultry Farms, not guilty. The defendants who were acquitted then included former Pilgrims Pride chief executives William Lovett and Jayson Penn. Domenico in a separate order last week denied a bid from McGuire and Stiller to dismiss the case. Pilgrim's Pride agreed to pay a $110.5 million fine in 2020 after pleading guilty to the Justice Department's price-fixing charges.

☆ U.S. plans rule to protect livestock farmers from company retaliation
▼ + stars: | 2022-09-26 | by ( Tom Polansek | ) www.reuters.com time to read: +2 min

It would also seek to protect farmers who may be at a higher risk for mistreatment because of their race, gender, sexuality or religion, the agency said. The rule would revise regulations under the Packers and Stockyards Act, a century-old law meant to protect farmers from unfair market practices. In May, the USDA proposed another rule that would require poultry companies to be more transparent with contract chicken growers. The rules aim to improve on previous USDA efforts to protect farmers. Separately, executives who worked for Pilgrim's Pride (PPC.O) and another poultry producer were found not guilty of fixing prices in the poultry sector this year.

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