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☆ TaylorMade appears to be giving Tiger Woods the one thing Nike never did — and it's ended one of the most lucrative sports-endorsement deals in history
▼ + stars: | 2024-02-16 | by ( Cork Gaines | ) www.businessinsider.com time to read: +7 min

On Tuesday, Tiger Woods and golf equipment and apparel maker TaylorMade announced an expanded partnership with a new golf accessory line called "Sun Day Red." TaylorMade CEO David Abeles even suggested during the press conference that this is Woods' company and they are just there for support. Tiger Woods is seen in apparel featuring the Sun Day Red logo. Tiger Woods' new Sun Day Red logo. Business Insider reached out to TaylorMade, Nike, and representatives for Woods.

Persons: —, Tiger Woods, TaylorMade, Woods, Forbes, Josh Gerben, Gerben, Tiger, Tyrone Walker, David Rumsey, David Abeles, Abeles, Ben Jared, Jon Rahm, Michael Jordan, Serena Willams, LeBron James, Rory McIlroy, Jamie Squire, Keyur Khamar, Djansezian Organizations: Service, PGA, Nike, Business, Hunt & Hunt Lawyers, Sun, Ventures, TaylorMade Lifestyle Ventures, Taylor, Inc, Front, Callaway, Gatorade, Woods Locations: Los Angeles, TaylorMade, Australia, San Clemente , California, Carlsbad, Woods

☆ Stocks making the biggest moves premarket: Lyft, Robinhood, Zillow, Kraft Heinz and more
▼ + stars: | 2024-02-14 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

In its most recent quarter, Lyft posted adjusted earnings of 18 cents per share, more than the LSEG consensus estimate of 8 cents per-share earnings. Revenue of $1.22 billion was in line with analysts' expectations. Robinhood Markets — Shares of Robinhood soared roughly 16.5% after the investing platform beat on earnings and revenue for the fourth quarter. Kraft Heinz — Shares declined more than 1% after the food company posted fourth-quarter revenue that missed expectations. However, adjusted earnings of 78 cents per share was a slight beat, compared to the 77 cents earnings per share expected by analysts.

Persons: Lyft, Robinhood, Angi, DaVita, FactSet, Kraft Heinz —, Kraft Heinz, Akamai, GoDaddy, SentinelOne, bitcoin, Microstrategy, Airbnb, Bernstein, Topgolf, LSEG, It's, — CNBC's Brian Evans, Alex Harring, Tanaya Macheel, Jesse Pound, Pia Singh, Samantha Subin Organizations: LSEG, FactSet, Akamai, Wall, Bank of America, Miners Iris Energy, Marathon Digital, MGM Resorts, Topgolf Callaway, Topgolf Callaway Brands, JPMorgan Locations: LSEG, China, U.S, Detroit

☆ Stocks making the biggest moves midday: Uber, Airbnb, MGM Resorts, Robinhood and more
▼ + stars: | 2024-02-14 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

Uber — Uber's shares jumped 11%, climbing to a new 52-week high, after the ride-hailing company announced an inaugural $7 billion share repurchase authorization program. The higher end of the company's full-year earnings per share guidance, $11.40, was also above estimates of $10.83 per share. On Tuesday, DaVita posted earnings of $1.87 per share, ex-items, on $3.15 billion in revenue. Robinhood Markets — Shares of the trading platform jumped 9% after the company posted a surprise earnings and revenue beat. Robinhood posted earnings of 3 cents per share, while analysts expected a 1 cent per share loss, according to LSEG.

Persons: Uber, Uber's, Lyft, IQVIA, Charles River, DaVita, FactSet, Robinhood, Zillow, LSEG, bitcoin, Energy rocketed, CleanSpark, Topgolf Callaway, Akamai, Kraft Heinz, Airbnb, CNBC's Hakyung Kim, Alex Harring, Jesse Pound, Pia Singh, Michelle Fox Organizations: Uber Technologies, Inc, IQVIA Holdings, Charles River Laboratories, Revenue, Miners, Energy, Marathon, MGM Resorts, Hasbro Locations: New York City, FactSet, LSEG, China, Macau, U.S, Detroit

☆ Stocks making the biggest moves after hours: Lyft, Robinhood, Airbnb, MGM Resorts and more
▼ + stars: | 2024-02-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

The company posted adjusted earnings per share of 18 cents for the fourth quarter, topping analysts' estimates of 8 cents, according to LSEG. Earnings came in above analysts' estimates, while revenue missed expectations. Adjusted earnings before interest, taxes, depreciation and amortization came in at $157 million, which was higher than analysts' estimates of $125 million, per StreetAccount. Revenue of $140 million for the quarter beat analysts' estimates of $135 million. In the fourth quarter, Airbnb reported $2.22 billion in revenue, while analysts predicted $2.17 billion, per LSEG.

Persons: Robinhood, Lyft, GoDaddy, Zillow, amortization, LSEG, Airbnb, Instacart, DaVita, FactSet, Angi, Yun Li, Tanaya Macheel, Darla Mercado Organizations: Revenue, Akamai Technologies, MGM Resorts, IAC, Topgolf Callaway Brands Locations: LSEG, China, U.S, Detroit, FactSet

☆ 5 things next week that could determine if Wall Street's winning streak continues
▼ + stars: | 2024-02-10 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Wall Street wrapped up another positive week, with the S & P 500 closing Friday above 5,000 for the first time ever. It was a pretty light week in terms of economic data releases, though we did get a favorable ISM Services number on Monday. Things will pick up next week with several closely watched macroeconomic updates, including two key government inflation reports. While no Club earnings are scheduled to report earnings in the week ahead, 61 companies in the S & P 500 will deliver their latest quarterly results. Consumer inflation: The main event of the week will come on Tuesday when the January consumer price index (CPI) is released.

Persons: Estee Lauder, Eli Lilly, Price, Bausch, Trimble, Krispy Kreme, Topgolf, Kraft Heinz, Martin Marietta, Owens Corning, WEN, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Club, GE Healthcare, DuPont, Linde, Ford, Disney, Wynn Resorts, CPI, PPI, Palo Alto Networks, Nvidia, Bausch Health, Arista Networks, WM, Cadence Design Systems, ZoomInfo Technologies, Avis Budget, Brighthouse, Goodyear Tire &, Vornado Realty, Marriott International, Hasbro, Restaurant Brands, Molson Coors Beverage, Holdings, MGM Resorts, MGM, Akamai Technologies, American International Group, AIG, Topgolf Callaway Brands, CME Group, Sony, SONY, Blackstone Mortgage Trust, Martin Marietta Materials, Ryder, Occidental Petroleum, Cisco Systems, Deere, Penn Entertainment, Southern Company, Coinbase, Trade, Materials, Rand, Texas, Housing, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Albemarle, ALB, Ingersoll, New York City

HONG KONG (AP) — Asian shares retreated Friday after rising bond market yields once again weighed on Wall Street, ending a lull in wider swings in prices during a brief respite from market moving data releases. A financial services business of China’s biggest bank, ICBC, said it was it by a ransomware attack that reportedly disrupted trading in the U.S. Treasury market. It was unclear how much of an impact the attack had on Treasury market trading. But it quickly sagged as Treasury yields rose following a report that suggested the U.S. job market remains remarkably solid. Topgolf Callaway Brands was another weight on the market and sank 16.9% despite beating analysts’ expectations for profit during the summer.

Persons: Jerome Powell, Australia’s, Taiwan’s Taiex, Stocks, sagged, Becton Dickinson, Brent Organizations: Investors, U.S . Federal, U.S . Treasury, Commercial Bank of China Financial Services, Treasury, Nikkei, Dow Jones, Nasdaq, Federal, Walt Disney Co, Wall, Topgolf Callaway Brands, New York Mercantile Exchange, U.S Locations: HONG KONG, Asia, Hong Kong, South Korea, Shanghai, China’s, U.S, York, Bangkok

In the sports world, betting and gambling startups have started the last two years raising fewer and fewer funding dollars. While funding is harder to come by, startups are also facing changes in the world of sports business and technology. Insider recently released a list of the top VCs investing in sports and asked their founders, CEOs, partners, and directors what they would tell startups trying to break through. Chris GroveKey investments: Acies Investments and EKG Ventures are focused on sports, gambling, and technology. When we invest in a tech company, we have four criteria.

Persons: Tom Loverro, Cole Van Nice, Chris Grove, Chris, you've, There's, Courtside, Tom Brady, Michael Strahan's, Meredith McPherron, Alex Rodriguez, Topgolf Callaway, Brad Farkas, Steve Ahern, Lance Dietz, Craig Thompson, Michael Proman, Proman, Wayne Kimmel, SeventySix, It's, Lloyd Danzig, Sharp Organizations: Elysian Park, Acies Investments, EKG Ventures, Courtside Ventures, of Sports, Elysian Park Ventures, Club, Kinetics, PGA of America, HBSE Ventures, KB Partners, Mindspring, Scrum Ventures, Ventures, Japanese, Boom Entertainment, SeventySix, Vegas Sports Information, Inc, Entrepreneurs, Sharp Alpha Advisors Locations: Chris Grove, Chicago

☆ This golf stock is a buy even after fire at key supplier facility, Bank of America says
▼ + stars: | 2023-09-29 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Investors should buy the dip on Topgolf Callaway , according to Bank of America. Analyst Alexander Perry reiterated his buy rating on the stock and a price target of $22 per share. MODG mountain 2023-09-22 Tough week for MODG The fire raised concern over the global supply of golf balls, which put pressure on Topgolf shares. "Also, the fire should not meaningfully impact Topgolf range ball supply or venue openings given "current inventory levels and alternate supply sources." To be sure, Topgolf shares were struggling even before the fire.

Persons: Topgolf Callaway, Alexander Perry, Topgolf, Perry, MODG, — CNBC's Michael Bloom Organizations: Bank of America, Launch Technologies, Callaway Locations: Thursday's, Taiwan, Chicopee

☆ Cramer's Lightning Round: Topgolf Callaway Brands is a buy
▼ + stars: | 2023-07-27 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Topgolf Callaway Brands' year-to-date stock performance. Stock Chart Icon Stock chart icon Idexx Laboratories' year-to-date stock performance. Stock Chart Icon Stock chart icon Teladoc Health's year-to-date stock performance. Stock Chart Icon Stock chart icon Lucid Group's year-to-date stock performance. Stock Chart Icon Stock chart icon JD.Com's year-to-date stock performance.

Persons: Topgolf, Teladoc, they've Organizations: Topgolf Callaway Brands, Idexx Laboratories, Teladoc Locations: China

☆ PGA-LIV merger to lift golf to 'new heights,' benefiting these two stocks, Jefferies says
▼ + stars: | 2023-06-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

The surprise merger announcement between the PGA Tour and the Saudi Arabia-backed LIV Golf league sent shockwaves through the sports world on Tuesday and could have big implications for two golf stocks, according to Jefferies. As part of the deal, the Saudi Public Investment Fund, or PIF, is prepared to invest billions in the new golf league, CNBC's David Faber reported Tuesday. Jefferies analyst Randal Konik said in a note to clients Tuesday that the combined league and additional cash should boost golf's growth. "We believe that this unexpected agreement holds immense potential to elevate the sport of golf to new heights. Jefferies highlighted both stocks as potential beneficiaries of the deal, but said Topgolf Callaway has more "asymmetric upside potential."

Persons: LIV, shockwaves, Jefferies, CNBC's David Faber, Randal Konik, Konik, Topgolf Callaway, Michael Bloom Organizations: PGA Tour, LIV Golf, Saudi Public Investment Fund, Callaway Brands, Acushnet Holdings Locations: Saudi Arabia, PIF, Titleist

☆ Here are Wednesday's biggest analyst calls: Apple, Amazon, Match, Netflix, Nvidia, Topgolf & more
▼ + stars: | 2023-06-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Wednesday's biggest calls on Wall Street: JPMorgan reiterates Netflix as overweight JPMorgan raised its price target on the stock to $470 per share from $380 and says it's bullish on paid sharing. "We are raising our price target from $205 to $220 to reflect increased confidence in this upcoming iPhone cycle and reiterate Apple as an OUTPERFORM and Wedbush Best Ideas List name." Piper Sandler reiterates Amazon as overweight Piper raised its price target on Amazon to $150 per share from $130 and said it sees Amazon Web Services revenue bottoming later this year. Bank of America reiterates Nvidia as buy Bank of America said it sees "sustainable AI growth" for shares of Nvidia. " Jefferies reiterates Topgolf Callaway Brands as buy Jefferies said the combination of PGA and Liv Golf is bullish for Topgolf.

Persons: it's bullish, Wells, Wedbush, Morgan Stanley, Piper Sandler, Piper, We've, YTD, Canaccord, Mobileye, Rosenblatt, it's, Jefferies, Topgolf, Liv, bullish Organizations: JPMorgan, Netflix, Apple, AWS, Computer, Micro, Supermicro, Barclays, Bank of America, Nvidia, Broadcom, Topgolf Callaway Brands, UBS Locations: 2H23, GKOS, Midcap, Edgewater

☆ Stocks making the biggest moves midday: Roblox, Icahn Enterprises, Rivian, Airbnb and more
▼ + stars: | 2023-05-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

On Tuesday, the company reported a smaller-than-expected quarterly loss and said it expects to still meet forward guidance targets. Its revenue of $661 million topped the $652 million expected from analysts polled by Refinitiv. Twilio anticipates between $980 million and $990 million in revenue, while analysts polled by Refinitiv were expecting $1.05 billion in revenue. On Tuesday, the company reported same-store sales and revenue for the first quarter missed analysts' expectations, according to FactSet. On Tuesday, Occidental posted first-quarter adjusted earnings per share of $1.09, which is less than the $1.24 estimate from analysts polled by FactSet.

☆ TopGolf Callaway Brands Corp.
▼ + stars: | 2023-04-10 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

"Mad Money" host and former hedge fund manager, Jim Cramer, discusses TopGolf. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email

☆ Stocks making the biggest moves midday: Lyft, Spotify, Expedia, Yelp and more
▼ + stars: | 2023-02-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Expedia — The travel company's stock toppled nearly 8% after falling short of analysts' revenue and earnings expectations for the recent quarter. Yelp — Yelp's stock jumped 4% after fourth-quarter revenue beat analysts expectations, according to Refinitiv. Deutsche Bank — Shares fell 3% after Bank of America downgraded Deutsche Bank to underperform from neutral, saying the European bank is "struggling to improve profitability." The decline in shares came despite a top-and-bottom line beat on analysts' expectations, according to FactSet. Adjusted earnings before interest, taxes, depreciation and amortization for the fourth quarter came in below analysts' expectations, according to FactSet.

☆ Stocks making the biggest moves after hours: Lyft, Expedia, Yelp, PayPal and more
▼ + stars: | 2023-02-09 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Expedia — The travel company's shares fell 1.8% after the company missed analysts' expectations on earnings and revenue in the latest quarter. Analysts called for earnings of $1.67 per share on revenue of $2.70 billion, according to Refinitiv. Lyft also anticipates making roughly $975 million in revenue in the fiscal first quarter of 2023, lower than the $1.09 billion analysts anticipated, according to StreetAccount. Revenue came in at $7.38 billion, compared to analysts' estimate of $7.39 billion, according to Refinitiv. The company had revenue of $309 million, compared to analysts' forecasts of $307 million, according to Refinitiv.

☆ Top Marketers Are Turning Their Side Projects Into Legitimate Businesses
▼ + stars: | 2022-12-27 | by ( Patrick Coffee | ) www.wsj.com time to read: +7 min

Turning side projects into stand-alone businesses or full-time occupations can be difficult or even impossible for chief marketing officers, whose jobs have become increasingly demanding and complex. “I loved the idea of Paris, especially as a place that I might someday pluck up the courage to start the company,” said Ms. Howard. Dashlane was unaware that Ms. Howard was developing a new company until she announced her resignation, she said. Soon after he left the soft-drink giant, Mr. Cottrill received a call from industry veteran Gary Koepke. New ideas, new challengesWorking on side projects has helped marketers develop different skill-sets and, in some cases, explore new careers.

☆ This deep value golf stock is set to triple, Jefferies predicts
▼ + stars: | 2022-11-04 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

After a topline beat and raised fourth-quarter forecasts, there's big growth ahead for Topgolf Callaway , Jefferies says. While reiterating the stock as a buy, analyst Randal Konik boosted the price target to $56 – a 221% upside over the stock's last close. "The sport of golf is healthy, Topgolf is gaining massive share, and apparel brands are in early innings. Long considered a sport for the wealthy or business executives, golf experienced an image change during the pandemic. Topgolf Callaway's third-quarter sales were up 15% from a year ago to $989 million and above estimates of $945 million.

☆ Stocks making the biggest moves midday: Starbucks, Twilio, Carvana, DoorDash and more
▼ + stars: | 2022-11-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday:Starbucks — The Seattle-based coffee company jumped nearly 9% after reporting quarterly profit and revenue that topped expectations. Block — Shares jumped 10% after the mobile payments company surpassed profit and sales expectations in its third-quarter results. Block reported earnings of 42 cents per share on revenue of $4.52 billion. Coinbase — The stock jumped 3% after the company reported better-than-expected user numbers, even as Coinbase reported a miss on profit and sales expectations. The company reported earnings that topped expectations on Thursday.

☆ Here are Friday's biggest analyst calls: Roblox, WeWork, Krispy Kreme, Boeing, Coinbase & more
▼ + stars: | 2022-11-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Roblox as buy Bank of America said it's standing by shares of the stock heading into earnings next week. JPMorgan downgrades Funko to neutral from overweight JPMorgan downgraded the pop culture toy company, noting it sees too much uncertainty. " Piper Sandler downgrades Atlassian to neutral from overweight Piper said it sees a slowdown in subscription billings for the software developer. " Bank of America reiterates Krispy Kreme as buy Bank of America said "brand health is strong but FX, UK, promos weigh," heading into Krispy Kreme earnings Nov. 15. Jefferies reiterates Topgolf Callaway Brands as buy Jefferies said it sees 200% upside in shares of the golf company. "

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