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☆ This global stock could rally 140% on a hydrogen fuel boom, analyst says
▼ + stars: | 2024-05-13 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

WAH-FF 1Y line The number of hydrogen refueling stations, a key focus for Wolftank, has risen by more than 600% to 178 across Europe over the past decade. The company expects revenues from ongoing hydrogen projects to exceed 16 million euros in 2024, with projected figures for 2025 of around 18 million euros. "The company is seeing a great deal of customer interest in its hydrogen refuelling solutions," said Metzler analyst Guido Hoymann. Late last year, Wolftank was awarded a major hydrogen refueling station contract with a public transport provider near Lake Iseo in northern Italy. Last week, the company also revealed that it was awarded two further contracts totaling 6.7 million euros.

Persons: Metzler, Guido Hoymann, Wolftank, Patrick Speck, Miguel Lago Mascato, FactSet, — CNBC's Sophie Kiderlin Organizations: Wolftank, CNBC Locations: Austria, Europe, Germany, Italy, Lake Iseo, Emilia Romagna

☆ The restaurant stocks that are killing it in this market have one thing in common
▼ + stars: | 2024-05-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +17 min

When a company performs well and I interview its CEO on CNBC, I consider the stock's performance before fashioning my questions. Maybe the company had been poorly run and the guest is a new CEO who is turning it around. Once Wood picks a stock, that company can do no wrong, which is code for she can do no wrong. And take it from me, an old Mexican restaurant veteran, it travels better than any other restaurant chain. We should have just bought Dutch Bros. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)

Persons: Albert Manifold, Rather, That's, Chris Gibson, Jensen Huang, Huang, Gibson, Cathie Wood, Wood, that's, Brinker, Chipotle, Chipotle execs, Taco Bell, isn't, Yum, McDonald's, Laxman Narasimhan, Howard Schultz, let's, Narasimhan, Joe, Locker, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: CNBC, Pharmaceuticals, Nvidia, ARK, Gallup, Darden, Diageo, Brands, KFC, Taco, Taco Bell, Texas, Starbucks, Management, Bros, Dutch Bros, Jim Cramer's Charitable, Starbucks Corp, Health, Education, Labor, Bloomberg, Getty Locations: United States, U.S, Dublin, Ireland, Europe, Texas, Olive, East, Israel, Washington , DC

☆ Sweetgreen, Chipotle and other fast-casual chains are bucking the consumer slowdown
▼ + stars: | 2024-05-11 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

High-income consumers helped Chipotle Mexican Grill , Wingstop and Sweetgreen report strong sales this quarter, bucking the broader consumer slowdown that's been hurting other eateries. The sector saw higher traffic growth than any other dining sector from November to February, according to GuestXM data. High-income consumers haven't felt the same pinch as those in lower-income brackets. Wingstop saw its same-store sales soar 21% in the quarter. On Thursday, the salad chain reported first-quarter same-store sales growth of 5% and raised its full-year outlook for same-store sales growth.

Persons: Chris Kempczinski, John Peyton, haven't, Wingstop, Michael Skipworth, Jonathan Neman Organizations: Starbucks, KFC, Yum Brands, CNBC, Dine Brands

☆ Sweetgreen shares soar 35% after company beats revenue expectations
▼ + stars: | 2024-05-10 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

Sweetgreen shares surged 35% on Friday after the company topped Wall Street's revenue expectations for the first quarter. The salad chain reported $158 million in revenue, beating the LSEG consensus estimate of $152 million. It is an increase of 26% from the prior-year period, when it reported revenue of $125.1 million. Neman added that the company remains "on track" to open about seven new automated Infinite Kitchen restaurants this year and plans to establish more next year. The company announced Tuesday it's introducing steak to the menu, expanding its protein offerings with a Caramelized Garlic Steak protein plate, a Steakhouse Chopped warm bowl and a Kale Caesar (Steak) salad.

Persons: Sweetgreen, Jonathan Neman, Kale Caesar, Nicolas Jammet, We're Organizations: Wall, South Lake Union, Analysts Locations: Neman, South Lake, Seattle, Boston

☆ Cramer's week ahead: Earnings from Home Depot, Alibaba, Walmart
▼ + stars: | 2024-05-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday guided investors through next week's market action, telling them to pay attention to a number of earnings reports, including Home Depot , Alibaba and Walmart . He also suggested remarks from Federal Reserve officials will continue to shape the market, saying investors should tune in on Monday to commentary from Loretta Mester, the president of the Federal Reserve Bank of Cleveland. Alibaba also reports that day, and Cramer said if the quarter is good, Wall Street may be more inclined to buy Chinese stocks. Thursday brings earnings from Walmart , Deere and Applied Materials . He added that Applied Materials could have a solid quarter as its peer Taiwan Semiconductor just released a positive sales report.

Persons: CNBC's Jim Cramer, Loretta Mester, Cramer, Alibaba Organizations: Home, Walmart, Federal Reserve, Federal Reserve Bank of Cleveland, Cisco, Deere, Applied, Taiwan Semiconductor, Dow Locations: Alibaba, Nextracker

☆ Home prices are falling in parts of Florida and Texas as buyers tap out and supply outpaces demand
▼ + stars: | 2024-05-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Home prices are falling in parts of Florida and Texas even as they soar nationally. Sale prices only dropped in 15 of 221 metro areas last quarter, and five were in those states. High prices, steeper mortgage rates, and supply catching up with demand help explain the declines. AdvertisementHome prices are falling in parts of Florida and Texas as buyers tap out and supply catches up with demand. AdvertisementThe takeaway is that a combination of sky-high prices, steeper mortgage rates and other costs like insurance squeezing buyers' budgets, and supply catching up with demand has resulted in prices flatlining or falling in parts of Florida and Texas, bucking the national trend.

Persons: —, Fort Myers, Redfin, Coral Organizations: Service, National Association of Realtors, Fort, Fort Walton, Austin, Rock, NAR, Panama City, Homeowners, Federal Locations: Florida, Texas, Panama City, Crestview, Fort, San Antonio, New Braunfels, Lac , Wisconsin, Illinois, Kankakee, Rockford, Champaign, Urbana, Austin, Panama

CNN —The world has passed a clean energy milestone, as a boom in wind and solar meant a record-breaking 30% of the world’s electricity was produced by renewables last year, new data shows. The planet is reaching “a crucial turning point” toward clean energy, according to the Global Electricity Review published Wednesday by climate think tank Ember. Record-breaking renewablesIn 2000, renewables made up less than 19% of the global energy mix. It made up nearly twice as much new electricity generation as coal last year. Electricity demand is set to soar from 2024 onward, Ember’s analysis found.

Persons: It’s, Dave Jones, Ember, ” Jones, “ We’re, Jones, “, ”, Niklas Höhne, Nancy Haegel Organizations: CNN, Global, NewClimate Institute, European Union, EU, National Renewable Energy Laboratory Locations: China, India, Chile, Australia, Netherlands, California, United States

☆ Stocks could tank after an ill-advised 'melt-up' if the Fed cuts rates to avoid recession
▼ + stars: | 2024-05-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

There's a growing risk of a stock market melt-up, according to market veteran Ed Yardeni. Yardeni said the return of the "Fed Put" means stocks could soar on the anticipation and realization of interest rate cuts. But stock market melt-ups are rarely sustainable and are often followed by a painful decline. With it comes increased risk of a stock market meltup," Yardeni said. For investors, the question is whether or not a potential stock market melt-up and subsequent decline will happen at prices a lot higher or lower from current levels.

Persons: Ed Yardeni, Yardeni, —, Jerome Powell, Yardeni's Organizations: Service, Federal, Wall Street

☆ Nikki Haley won nearly 130,000 votes in the Indiana GOP primary. Here's what that means for Trump ahead of the general election.
▼ + stars: | 2024-05-08 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Since 1940, the state has voted for the Republican presidential nominee in every election except for 1964 and 2008. And former President Donald Trump is virtually assured of winning the state this November, as he also did in 2016 and 2020. But an interesting thing happened on Tuesday: Trump won the GOP presidential primary, but former UN Ambassador Nikki Haley still won over 20 percent of the vote, despite her March exit from the race. With nearly all precincts reporting their results, Trump earned 461,663 votes (78.3 percent) to Haley's 128,168 votes (21.7 percent). But many suburban voters are also concerned about issues like the preservation of democracy, abortion rights, and environmental policy, which all strongly favor Biden.

Persons: —, Mike Pence, Dan Quayle, Donald Trump, Trump, Nikki Haley, Haley, Biden Organizations: Service, Republican, Business, GOP, Indianapolis, — Trump, Marion, Trump, Indiana, RNC Locations: Indiana, Virginia, North Carolina, Indianapolis, Marion, Trump's, Hamilton County, Milwaukee, While Indiana

☆ Giant Batteries Are Transforming the Way the U.S. Uses Electricity
▼ + stars: | 2024-05-07 | by ( Brad Plumer | Nadja Popovich | ) www.nytimes.com time to read: +17 min

Uses Electricity They’re delivering solar power after dark in California and helping to stabilize grids in other states. Peak demand average daily generation, by fuel type Peak demand 25k 25k megawatts megawatts Imports 20k 20k 15k 15k Gas Solar power Batteries Solar power 10k 10k Wind 5k 5k Hydro Nuclear 0 0 12a.m. Peak demand average daily generation, by fuel type Peak demand 25k 25k megawatts megawatts Imports 20k 20k 15k 15k Gas Solar power Batteries Solar power 10k 10k Wind 5k 5k Hydro Nuclear 0 0 12a.m. Ga. Ga. Texas Texas La. By The New York TimesMost grid batteries use lithium-ion technology, similar to batteries in smartphones or electric cars.

Persons: …, ”, Helen Kou, Conn ., Mo ., R.I, Conn . Conn ., . Kan ., “, Andrés Gluski, Mike Blake, John Phipps, Phipps, Stephanie Smith, Aaron Mitchell, Natalie McIntire, Tamir Kalifa, Emma Konet, Max Kanter, BloombergNEF, you’ve, Meredith Fowlie, Nate Blair, “ We’re, Ross D Organizations: Hydro Nuclear, Hydro, The New York Times, “, United States U.S, Conn . Pa . Iowa Neb, N.J . Ohio Nev, Del . Utah Ill, Texas, Fla ., Vt, Wis ., Wis . Idaho Idaho S.D, Pa . Iowa Iowa Neb, Neb . N.J . N.J . Ohio Ohio Nev, Del . Utah Utah Ill, . Energy, AES Corporation, Reuters, California, Georgia Power, Natural Resources Defense Council, Nationwide, The New York Times Grid, University of California, National Renewable Energy Laboratory, Franklin, Associated Locations: California, The New York Times California, China, Texas , California, Arizona, Wash . Maine, Minn, Ore, N.H, N.Y, Mass, Wis . Idaho S.D, Mich, Wyo, R.I, Conn, Conn . Pa . Iowa, N.J . Ohio, Del . Utah, Calif, Md, Colo, W.Va . Va, Mo, Mo . Kan, Ky, N.C, Tenn, Ariz, ., S.C . California, Ala, Miss ., Fla, Alaska Texas, Hawaii, Wash . Maine Maine Mont, Mont, Vt, Wis, Wis . Idaho Idaho, S.D . Mich, Conn . Conn, Conn . Conn . Pa, Pa . Iowa, Neb . N.J . N.J . Ohio, Nev . Ind, Ind, Del, W.Va, W.Va . Va . Va, . Kan . Kan, S.C . Ala . Ala . Miss, . Texas Texas, La, Fla . Alaska Alaska Hawaii Hawaii California, Texas, Menifee, . California, ” In Texas, Fort Worth, West Texas, Georgia, Sweetwater , Texas, Tierra, Berkeley, Sacramento

☆ US inflation will soar if America doesn't undergo reindustrialization, investment manager says
▼ + stars: | 2024-05-07 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Prices in the US could keep going up if the US doesn't "reindustrialize" its economy, Richard Bernstein said. The US has a "massive" trade deficit at a time when world trade is becoming fragmented, he noted. AdvertisementInflation will climb higher if the US economy doesn't reindustrialize its economy, according to investment manager Richard Bernstein. World trade has become more fragmented since the pandemic, and rising geopolitical tensions are a sign that the trend is continuing, he said. If it doesn't … we're going to have tremendous inflation here in the United States," Bernstein said to CNBC on Monday.

Persons: Richard Bernstein, —, Bernstein, Ken Griffin Organizations: US, Service, Commerce Department, CNBC, JPMorgan Locations: United States, America

☆ Reddit shares soar 14% after company reports revenue pop in debut earnings report
▼ + stars: | 2024-05-07 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Reddit shares rallied 14% in extended trading on Tuesday after the company released quarterly results for the first time since its IPO in March. That may not compare with the $8.71 loss expected by LSEG$8.19 loss per share. That may not compare with the $8.71 loss expected by LSEG Revenue: $243 million vs. $212.8 million expected by LSEGRevenue climbed 48% from $163.7 million a year earlier. For the second quarter, Reddit expects revenue of $240 million to $255 million, topping the $224 million expected by analysts, according to LSEG. The company reported 82.7 million daily active users for its first quarter, up from the 76.6 million expected by StreetAccount.

Persons: Steve Huffman, Snoo, Reddit, Here's, Meta, Alexis Ohanian, Huffman Organizations: New York Stock Exchange, LSEG, LSEG Revenue, Digital, Amazon, Google, StreetAccount Locations: New York

☆ Reddit shares soar after company reports strong first-ever earnings with record user traffic
▼ + stars: | 2024-05-07 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Reddit beat expectations for its first financial quarter as a publicly traded company. Strong revenue growth and record user traffic sent the stock price up 16% in after-hours trading. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The company also boasted a record 82.7 million daily active users, up 37% from the year before. "We see this as the beginning of a new chapter as we work towards building the next generation of Reddit."

Persons: —, Reddit, Steve Huffman Organizations: Service, Business

☆ Cramer explains how to maintain a 'balanced' portfolio as the economy slows
▼ + stars: | 2024-05-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

He said it's wise for investors to maintain a balanced portfolio and prepare to weather some losses. He named the usual Big Tech high achievers —Nvidia , Meta , Alphabet , Amazon and Apple — as well as pharmaceutical stocks Merck and Pfizer . So he also suggested investing in companies poised to soar when the Fed starts to bring rates down, like Builders FirstSource . "If you put all your money in stocks that need rate cuts to win, you will be slaughtered," Cramer said. Meta, Alphabet, Amazon, Apple, Merck, Pfizer and Builders FirstSource did not immediately respond to a request for comment.

Persons: CNBC's Jim Cramer, I'm, Cramer, Apple —, you'll, Builders FirstSource Organizations: Federal Reserve, Big Tech, Nvidia, Meta, Apple, Merck, Pfizer, Fed, Builders

☆ Buy stocks in May because inflation is set to plunge through the rest of 2024, Fundstrat's Tom Lee says
▼ + stars: | 2024-05-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

That's because inflation is set to fall "dramatically" through the rest of the year, Lee predicted. AdvertisementInvestors should be buying stocks this month, as inflation is bound for a steep decline for the rest of the year, according to Fundstrat's head of research Tom Lee. Real-time price declines will eventually catch up with the official inflation report. High rates risk tipping the economy into a recession and sparking market volatility, as investors, banks, and consumers grapple with a higher cost of borrowing. It is quite high, and as you know, it's putting a lot of pressure on regional banking ... the cost of money is quite high," Lee said.

Persons: Tom Lee, Lee, —, That's, it'll Organizations: Service, CNBC

☆ 5 financially independent individuals and couples share the book that changed their investment strategy
▼ + stars: | 2024-05-04 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

When you invest in an index fund, you're essentially buying a basket of stocks that represents a broad market or theme. "That book makes a really good case for index funds." They own the Vanguard 500 Index Fund Admiral Shares Fund (VFIAX), the Vanguard Information Technology Index Fund ETF (ETF, VGT), and the Fidelity MSCI Information Technology Index ETF (ETF, FTEC). Note that ETFs, like index funds, offer an easy way to diversify and bundle several securities into one investment. Since index funds are passively managed, they typically have lower costs than actively managed funds — and, historically, they outperform active funds.

Persons: Carl, Mindy Jensen, JL Collins, Mindy, it's, They're, Collins, Jamila, Ali, Josh Lupo, Josh, Jack Bogle, Warren Buffett Organizations: Business, Independence, Apple, Microsoft, IRA, FIRE, Fund, Vanguard Information Technology Index Fund ETF, Fidelity Locations: American

☆ Berkshire Hathaway operating earnings soar 39% as Buffett's cash hoard swells to record $188 billion
▼ + stars: | 2024-05-04 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. Berkshire Hathaway reported Saturday a huge year-over-year increase in operating earnings in the first quarter, while its cash holdings bubbled to record levels. The Warren Buffett-led conglomerate posted an operating profit — which encompasses earnings from the company's wholly owned businesses — that surged 39% to $11.22 billion from the year-earlier period. That gain was led by a 185% year-on-year increase in insurance underwriting earnings to $2.598 billion from just $911 million. Berkshire's railroad business raked in $1.14 billion in profit, down slightly from the first quarter of 2023.

Persons: Warren Buffett, Berkshire Hathaway, Buffett Organizations: Berkshire Locations: Omaha , Nebraska

☆ Russia's pulling its aircraft away from the front lines as Ukraine hits air bases with deep strikes, Western intel says
▼ + stars: | 2024-05-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Ukrainian forces used drones to attack an airfield deep inside Russia last month. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementRussia has pulled dozens of aircraft away from the front lines in response to a massive Ukrainian drone attack on a military base deep behind enemy lines, according to new Western intelligence. The late-April attack was not the first time Ukrainian deep strikes have forced Russia to relocate its vulnerable assets. Even before the Kushchyovskaya strike, Ukraine has tried going after Russia's airbases in an apparent bid to stomp out the glide-bomb threat.

Persons: —, Sukhoi Su, Maxim, Russia's Su, ALEXANDER NEMENOV Organizations: Service, Sukhoi, International Army, REUTERS, Ukraine, Victory Day, Getty, Kyiv Locations: Russia, Ukraine, Ryazan, Ukrainian, Crimean, Russian, Moscow, AFP

☆ These global stocks will soar on an $858 billion electric boom, Goldman says, giving one 45% upside
▼ + stars: | 2024-05-03 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

They project that 800 billion euros ($857.5 billion) will be spent on Europe's power transmission and distribution, thanks in part to "years of under-investment." Here are three of Goldman's buy-rated stocks with over 30% upside potential in the next 12 months. That gives the German stock — which is on Goldman's conviction list — about 35% potential upside. Goldman has a target price of 2,024 British pence on the stock, giving it around 42.8% upside potential. Goldman has a target price of 135 euros on the stock, giving it 45.5% upside potential.

Persons: Goldman Sachs, Goldman, Elia, — CNBC's Michael Bloom Organizations: E.on Goldman, E.on, Goldman Locations: Europe, Belgian

☆ Cramer says he likes Cracker Barrel, but investors should wait for more information before buying
▼ + stars: | 2024-05-03 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Friday analyzed Cracker Barrel 's business over the past few years, telling investors they should wait to buy the stock until the company gives a progress update on its conference call in two weeks. So as the competition raises prices to combat inflation, Cracker Barrel has less room to do so. Cramer also said he wants to know whether the company will cut its dividend. "I want to recommend Cracker Barrel, I really do," Cramer said. Cracker Barrel did not respond immediately to CNBC's request for comment.

Persons: CNBC's Jim Cramer, Cramer, Julie Felss Masino, Masino Organizations: Taco Bell

☆ Stocks making the biggest premarket moves: Peloton, Carvana, Cigna, Qualcomm and more
▼ + stars: | 2024-05-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Carvana — The used car seller spiked 36% after posting first-quarter revenue Wednesday of $3.06 billion, above analysts' consensus estimate of $2.67 billion. Cigna — The insurer moved 1% higher after first-quarter adjusted earnings of $6.47 per share topped the $6.22 expected from analysts polled by LSEG. Zillow estimated second-quarter revenue of $525 million to $540 million, versus $559.2 million expected from analysts polled by FactSet. Freshworks — The software development company plunged 27% after projecting second-quarter revenue of $168 million to $170 million and full-year revenue of $695 million to $705 million. Analysts polled by FactSet expected $172.1 million for the quarter and $708.3 million for the year.

Persons: Barry McCarthy, Carvana, Morgan Stanley, Cardinal, Nio, Zillow, LSEG, FactSet, Qorvo, —, Jesse Pound, Lisa Han, Pia Singh, Tanaya Macheel Organizations: Qualcomm, LSEG, LSEG . Revenue, Health, FactSet, eBay Locations: Nio —, LSEG

☆ Carlyle thinks it's a good time to move on sports teams, but investors should be careful
▼ + stars: | 2024-05-01 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Carlyle also sees an opportunity to take advantage of sports' greater openness to institutional capital as teams get more expensive. Advertisement"Post-COVID, no content is more important than sports content," Fund said. Successfully running a team isn't as easy as investing in oneCarlyle sees openings for outside investors in teams as their valuations soar. "As teams become more expensive, you're running out of people to buy controlling stakes in teams," Fund said. Key to the Reign deal, for example, was having the Sounders, with its deep market knowledge, as a day-to-day operator.

Persons: —, Carlyle, Ben Fund, Alex Popov, cochair David Rubenstein, We've, We're Organizations: Service, National, Soccer, Seattle, FC, Seattle Sounders, Business, Fund, Baltimore Orioles, NFL, Sounders

☆ Narendra Modi: On the campaign trail with India’s popular yet divisive leader
▼ + stars: | 2024-05-01 | by ( Will Ripley | ) edition.cnn.com time to read: +6 min

Narendra Modi, India’s hugely popular but deeply polarizing prime minister, has landed in the battleground state of Uttar Pradesh as he campaigns for a third consecutive term in power. A Modi supporter at his rally in Aligarh, India, on April 22, 2024. And here in Uttar Pradesh, a sense of pride is evident among the thousands gathered to hear the prime minister speak. Supporters wave the flag of Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) in Aligarh, India, on April 22, 20224. John Mees/CNNModi is expected to remain on the campaign trail until India’s next prime minister is named in early June, traversing the huge country, visiting city after city and delivering his roaring speeches that attract the masses.

Persons: Narendra Modi, India’s, Modi, John Mees, “ Modi, ”, Pramod Charma, ” Modi, he’s, –, Gaurav Mahajan, Modi’s, Narendra Modi's, CNN Modi, Narayan Pachaury, “ Organizations: India CNN, Win, CNN, Bharatiya Janata Party, BJP spokespeople, selfies, Modi, Narendra Modi's Bharatiya Janata Party, BJP Locations: Aligarh, India, Uttar Pradesh, New Delhi, Russia, Gujarat, Rajasthan

☆ Amazon stock has 17% upside as earnings reveal a 'new era' of profits for the tech titan, Bank of America says
▼ + stars: | 2024-05-01 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

Bank of America boosted Amazon's price target after earnings to $210, eyeing 17% upside from Wednesday's price levels. Amazon's Q2 guidance slightly fell short of Wall Street's expectations, but Bofa still sees upside ahead. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAmazon stock could soar as its latest earnings herald a "new era" of profits for the tech behemoth, according to Bank of America. On the guidance front, Amazon expects Q2 net sales to range between $144.0 billion and $149.0 billion, 2.5% below the estimated $150.21 billion.

Persons: Bofa, —, Justin Post, BofA Organizations: of America, Service, Bank of America . Bank of America, Amazon

☆ Pinterest shares soar 18% on earnings beat, strong revenue growth
▼ + stars: | 2024-04-30 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Shares of Pinterest popped 18% in extended trading Tuesday after the company reported first-quarter results that beat analysts' estimates and showed its fastest revenue growth since 2021. Pinterest reported 518 global monthly active users (MAUs) for the first quarter, up 12% year over year. In its first-quarter release, Pinterest CEO Bill Ready said the company is driving greater returns for advertisers because of its investments in AI and shoppability. Meta , Snap and Google parent Alphabet all reported first-quarter results last week that exceeded analysts' estimates for revenue. For its second quarter, Pinterest expects to report revenue between $835 million and $850 million, which equates to growth of 18% to 20% year over year.

Persons: Pinterest, MAUs, StreetAccount, Bill Ready Organizations: Digital

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