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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
Glenn Youngkin (L) looks on during the announcement of a new sports arena for the Washington Wizards NBA basketball team and Washington Capitals NHL hockey team, on December 13, 2023 Virginia. Win Mcnamee | Getty Images News | Getty ImagesTed Leonsis, the owner of the NBA's Washington Wizards and the NHL's Washington Capitals, has a grand vision for growing a regional sports empire. Glenn Youngkin announced that the Capitals and Wizards have agreed to move to a new arena in Alexandria, Virginia, as part of a $2 billion entertainment complex in 2028. How will they compete with big market teams? "We could have a billion-and-a-half-dollar revenue run rate and a $10 billion to $15 billion trend of valuation," Leonsis said.
Persons: Ted Leonsis, Glenn Youngkin, Win Mcnamee, Leonsis, we'll, aren't, I'm, it's, It's, David Rubenstein, David Blitzer, Blackstone, James Dolan, Stan Kroenke, Kroenke, I've Organizations: Monumental Sports, Entertainment, Virginia Gov, Washington Wizards NBA, Washington Capitals NHL, Getty, Washington Wizards, NHL's Washington Capitals, CNBC, Summit, Washington , D.C, AOL, Capitals, Wizards, Washington Mystics, Capital, D.C, Sports, Mystics, NHL, Baltimore Orioles, Washington Nationals, MLB, Carlyle Group, Bloomberg, Orioles, Red Sox, Fenway Sports Group, Boston Red Sox, Pittsburgh Penguins, Premier League's Liverpool, Philadelphia 76ers, New, New Jersey Devils, Washington, Cleveland Guardians, MSG, Sphere Entertainment, Madison Square Garden Entertainment, New York Knicks, Rangers, MSG Networks, Atlanta Braves Holdings, Liberty Media, Sports & Entertainment, Nuggets, Avalanche, Los Angeles Rams, Premier League's Arsenal FC, Qatar Investment Authority, MSG Sports, NHL's Rangers, NBA's Knicks, Phoenix Suns, NBA, Ottawa Senators, Braves Locations: Virginia, Alexandria , Virginia, Washington ,, Washington, London, Richmond, Delaware, New Jersey, Real Salt Lake, Denver, MLS's Rapids, Colorado, Monumental
@brycebetts132 I've watched every video of the Sphere in Vegas and this new ad is by far my favorite. By comparison, running a billboard campaign in New York's Times Square for one to three days costs between $5,000 and $25,000, according to outdoor advertising company Inspiria Outdoor. A representative for the Sphere Entertainment Company said the company doesn't discuss financials. One TikTok video, which has notched up more than 14,000 likes, declared it " the best Sphere ad ." The Sphere debuted its first advertising campaign in September of this year and has featured brands including YouTube, the NBA, Heineken and Xbox.
Persons: @brycebetts132 I've, , Dara Treseder, Treseder, tentacled, Ryan Reynolds, Otto Desć, Carla Herrero, Herrero Organizations: Autodesk, Marvel, Business, ♬ Marvel Studios, Sphere Entertainment, Autodesk University, YouTube, NBA, Heineken, Xbox, University College London, Mercedes, AMG PETRONAS Formula One Locations: Las Vegas, Vegas, New
Madison Square Garden Entertainment's plans to build another Sphere in London were blocked. The Sphere in Las Vegas is "so bold and bright you can see it from space," its website says. MSG opened its first dome-shaped entertainment venue in Las Vegas last month, where U2 is holding a residency . A spokesperson for Sphere Entertainment told BI in a statement: "While we are disappointed in London's decision, there are many forward-thinking cities that are eager to bring this technology to their communities. The Las Vegas dome has a wraparound LED screen and 168,000 speakers.
Persons: , Sadiq Khan, Khan, Sadiq, concertgoers Organizations: Service, Madison Square Garden Entertainment, Khan, MSG, Sphere Entertainment Locations: Madison, London, Las Vegas, Las
In this article WBD Follow your favorite stocks CREATE FREE ACCOUNTCosm's shared reality dome concept for viewing live sports broadcasts. Discovery and Cosm, a privately held company that specializes in immersive technology, are about to make "shared reality" a reality for sports fans. The Cosm venues will feature domes with 360 degree, 87 foot diameter 8K LED screens that are similar in concept to James Dolan's Las Vegas Sphere, which debuted in September. Ours is more of a smaller format and really focused on live sports and live programing — like you're absolutely there." Terry's first priority is to use the TNT Sports deal as a template to get more live sports rights into the venues for fans.
Persons: Cosm, James Dolan's, they've, Jeb Terry, Tayfun, Steve Winn, RealPage, Thoma, Terry, He's, Evans & Sutherland, There's, Raphael Poplock, Poplock, it's Organizations: Warner Bros ., Dallas —, TNT, NBA, CNBC, Anadolu Agency, Getty, National Basketball Association, National Hockey, Women's National Soccer Team, Mirasol, Thoma Bravo, National Football League, Tampa Bay Buccaneers, Fox Sports, Evans &, Warner Bros, NHL, HBO, Max, TNT Sports, Turner, Entertainment Locations: Los Angeles, Dallas, Las Vegas
The National Basketball Association's New York Knicks are keeping it in the family for their next jersey patch sponsor. Madison Square Garden Sports announced Tuesday that Sphere Entertainment will become the NBA team's official jersey patch partner for the 2023-24 season. Terms of the jersey patch deal were not disclosed. The NBA's jersey patch sponsor program kicked off during the 2017-18 season and has been an important source of revenue for many clubs. Dolan reportedly was shopping around the jersey patch rights for $30 million, according to SBJ.
Persons: James Dolan, David Hopkinson, Micky Arison, Squarespace, Andrew Lustgarten, Dolan, SBJ, Patrick Rishe, Louis, Bob Dorfman Organizations: Association's New York Knicks, Madison, Garden Sports, NBA, Knicks, Boston Celtics, Garden, MSG Sports, Golden State Warriors, Brooklyn Nets, Los Angeles Lakers, Miami Heat, Carnival Cruise, Sports Business, Washington University, Pinnacle Advertising, CNBC Locations: Madison, Las Vegas, St
The Sphere entertainment venue in Las Vegas did not display the Israeli flag during the ongoing Israel-Hamas war in October 2023, its parent company said. “The Vegas Sphere showing impressive support for Israel,” read a post sharing the clip on social media platform X, formerly Twitter. A post sharing the clip on Facebook has garnered 351 reactions and been shared 77 times at the time of writing. The post read: “I posted a VFX video of an Israeli flag on a ball. The Las Vegas Sphere did not display the Israeli flag during the October 2023 Israel-Hamas war.
Persons: , , Read Organizations: Hamas, Israel, Twitter, Facebook, Reuters, Thomson Locations: Las Vegas, Israel, Palestinian
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSphere Entertainment shares surged more than 10% on Monday — all thanks to U2Sphere Entertainment shares surged more than 10% on Monday following a successful opening weekend of the company's new Sphere venue in Las Vegas. The venue's opening featured two concerts by the rock band U2, both of which appeared to draw large audiences. Sphere Entertainment's market cap remains around $1.4 billion.
Organizations: Entertainment, Sphere Entertainment Locations: Las Vegas
Sphere Entertainment soared 17% on Monday after opening weekend of the Sphere concert venue. AdvertisementAdvertisementSphere Entertainment stock soared as much as 17% on Monday after its Sphere concert venue successfully completed its opening weekend with a U2 concert. The Sphere entertainment venue is located in Las Vegas and boasts 1.2 million LEDs about the size of hockey pucks on its exterior. The interior LED screen has a picture clarity of 16k, making it the largest and highest-resolution LED screen in the world. The Sphere venue has a seating capacity of just under 18,000.
Persons: , Paul Golding Organizations: Service, Entertainment, Macquarie, Sphere Entertainment, Madison Square Garden Entertainment Locations: Las Vegas, Madison, New York
The Sphere is seen during its opening night with the U2:UV Achtung Baby Live concert at the Venetian Resort in Las Vegas on Sept. 29, 2023. Sphere Entertainment shares soared more than 10% Monday morning following the successful opening weekend of the company's new Las Vegas venue. The Sphere plans to host live concerts and sporting events. Sphere calls itself a "next-generation entertainment medium" that aims to bring a fresh take to live entertainment, fit with a futuristic dome-shaped arena and wall-to-wall video screens. The Las Vegas venue is the company's first opening.
Persons: James Dolan Organizations: Sphere Entertainment, New York Knicks Locations: Las Vegas, London
Sphere Entertainment — The stock jumped more than 7% after the entertainment and media company opened its Sphere venue in Las Vegas with a show from U2 on Friday night. Insulet — Shares gained 3.4% in premarket trading. Sunnova Energy International — UBS initiated coverage of the solar company with a buy rating, sending shares up 1.5% in premarket trading. Clorox — The consumer products company rose 3.3% in premarket trading after D.A. AMC Entertainment — Shares of the entertainment company moved up 2% before the bell after it announced that Renaissance: A Film by Beyoncé, would be distributed in the U.S. in December.
Persons: Jefferies, Sunnova, Clorox, Davidson, Beyoncé, Goldman Sachs, Chubb —, — CNBC's Michelle Fox, Lisa Han, Jesse Pound Organizations: ISI, Rivian Automotive, Sunnova Energy, — UBS, AMC, SolarEdge Technologies, Barclays, Nvidia, FedEx, Susquehanna, JPMorgan, Chubb Limited Locations: Las Vegas , Nevada, United States, Las Vegas, U.S
Check out the companies making headlines in midday trading. Sphere Entertainment — Shares of the media and entertainment company climbed 11.1% in midday trading after a U2 show debuted its Las Vegas Sphere venue Friday night. Bitcoin stocks — Stocks tied to digital currency trading advanced in lockstep with a rally in crypto prices. Instacart — Maplebear, the food delivery company doing business as Instacart, fell 9.2% in midday trading. The Wall Street bank said investors should buy the dip after the stock's underperformance in the first half of 2023.
Persons: — Stocks, MicroStrategy, , — Maplebear, Gordon Haskett, Insulet, Jefferies, Goldman Sachs, Goldman, Truist, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox, Sarah Min, Scott Schnipper Organizations: Madison Square Garden, , Riot, Marathon, Discover Financial, U.S . Securities, Exchange, Federal Deposit Insurance Corporation, Coeur Mining, Hecla Mining, Harmony, Mining, Gold Resource, Barclays, Norfolk Southern, Bank of America, Nvidia —, Nvidia, Apple, JPMorgan, UBS Locations: Las Vegas, lockstep, Coeur, Wall
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInterest rates may not go up, but they have stopped going down, says Ariel's Charlie BobrinskoyCharlie Bobrinskoy, head of investment group at Ariel Investments, joins 'The Exchange' to discuss why value stocks will outperform the market after the Fed stops raising rates, pent-up demand for cars amid the UAW strike, the news saga surrounding Sphere Entertainment's opening.
Persons: Charlie Bobrinskoy Charlie Bobrinskoy Organizations: Ariel Investments, Fed, UAW
(Editor’s note: This article contains profanity in paragraph seven)Clips of anti-Donald Trump messages emblazoned across the ‘Sphere’ entertainment venue in Las Vegas are not authentic and were created using a TikTok filter. In a follow-up video, the user in question clarified that they created the clip using a TikTok filter (here), archived (ghostarchive.org/archive/vC8j4). A tag on the bottom left of both videos links them to a TikTok filter titled “Las Vegas Sphere” connected to the account @reality_mixer. A representative for Sphere Entertainment also told Reuters that both images don’t show real Sphere displays. The background of both images matches the background of clips created using the “Las Vegas Sphere Filter” on TikTok.
Persons: Donald Trump, , Trump, Read Organizations: Reuters, , Sphere Entertainment Locations: Las Vegas
An anti-Joe Biden message was not displayed across the exterior of the ‘Sphere’ entertainment venue in Las Vegas, despite an image circulating online. Reuters traced the image to video created by a TikTok filter. The earliest iteration Reuters could find of the screenshot stems from a TikTok video published on July 11 viewable (here), archived (ghostarchive.org/archive/ECD8s). The TikTok video is linked to a filter called “Las Vegas Sphere” connected to a TikTok account @reality_mixer. The user in question published a TikTok video on July 10 indicating that they created the filter (vm.tiktok.com/ZGJqSfddL/), archived (ghostarchive.org/archive/3NeYU).
Persons: Joe Biden, “ Biden, Read Organizations: Reuters, Sphere Entertainment Locations: Las Vegas, U.S
CNN —It squats on the Las Vegas skyline like an enormous spaceship, black and mysterious – until night falls, when it will glow like the Earth from space. The MSG Sphere at The Venetian is pictured on March 20, 2023, in Las Vegas. The globe seats almost 18,000 people, sits one long block east of the fabled Las Vegas Strip and will be connected by a pedestrian walkway to the Venetian resort complex. But Sphere’s main draw may be as a venue for live music – especially the marquee residencies for which Vegas is known. An artist's rendering of the audience bowl inside Sphere, with undersea imagery projected on its wraparound LED screen.
Persons: It’s, , Bizuayehu, Rich Claffey, “ I’ve, I’ve, I’m, Darren Aronofsky, They’re, Bono, … ”, you’re, ” Claffey Organizations: CNN, Eiffel, Western, Apple, Las Vegas, Bellagio, Allegiant, Locations: Vegas, Las Vegas, New York City
Startup production company Legion M is crowdsourcing funds and promising to give movie fans greenlight power. Legion M, founded by Paul Scanlan and Jeff Annison, lets investors buy shares for as little as $40. Legion M now has four films in post-production slated to be released in 2023, the cofounders added. Legion MLegion MLegion MLegion MLegion M'A company with a built-in audience for everything it creates'One slide spells out the potential power of one million fan-investors — as consumers, promoters, and predictors of successful projects. Legion MThe Nicolas Cage film 'Mandy' was an early success for Legion MLegion MLegion MLegion MLegion MLegion M says its annual revenue has surpassed $1 millionLegion MLegion MLegion M
Startup production company Legion M is crowdsourcing funds and promising to give movie fans greenlight power. Legion M, founded by Paul Scanlan and Jeff Annison, lets investors buy shares for as little as $40. Legion M now has four films in post-production slated to be released in 2023, the cofounders added. Legion MLegion MLegion MLegion MLegion M'A company with a built-in audience for everything it creates'One slide spells out the potential power of one million fan-investors — as consumers, promoters, and predictors of successful projects. Legion MThe Nicolas Cage film 'Mandy' was an early success for Legion MLegion MLegion MLegion MLegion MLegion M says its annual revenue has surpassed $1 millionLegion MLegion MLegion M
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