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Goldman Sachs said this week that there are plenty of cheap tech stocks to buy coming out of earnings. The information technology sector has reported a year-over-year earnings growth rate of 23.2%, according to John Butters, senior earnings analyst at FactSet. CNBC Pro combed through Goldman Sachs' research to find the most underappreciated buy-rated tech stocks. "Second, ANET has growing confidence in its AI position and its > $750 mn AI revenue target for 2025," he added. Second, ANET has growing confidence in its AI position and its > $750 mn AI revenue target for 2025.
Persons: Goldman Sachs, John Butters, Goldman, Noah Poponak, Poponak, Kash Rangan, Rangan, Michael Ng, Arista's, Ng, ANET Organizations: FactSet, CNBC, Microsoft, Teledyne Technologies, Arista Networks, Arista, TAM, Cloud Titans, Cloud Locations: 2H24
In those regions, he has found two cheap grocery store items that are a staple of many people's diets: Walnuts and beans. Related storiesBeans are hearty, cheap, protein-rich, belly-filling foods that people living in many of the world's longevity hotspots prioritize at almost every meal. Olive oil is also a science-backed addition to your dietBloomberg Creative/Getty Images"What about olive oil?" Behind the hype, there's good research backing up the benefits of regular olive oil consumption. "Olive oil shots!"
Persons: , Peter Diamandis, Dan Buettner, Buettner, Nico Schnico, Michael Pollan, Diamandis, Bryan Johnson, there's Organizations: Service, Milken Institute Globel Conference, Business, Bloomberg, Blue Locations: Beverly Hills, Japan, Sweden, Greece, Australia, Loma Linda , California
A whirlwind earnings week saw traders jumping in and out of some of the biggest stocks in the market. For example, shares of Meta Platforms fell 10.6% on Thursday after earnings beat expectations, but revenue guidance was weak . On a chart, those big post-earnings moves can leave "gaps" that may become a key area to watch going forward. What's next for Meta Meta looks like a potential example of the gap being filled after its sharp drop on Thursday. A macro view The big moves by tech giants this past week could make index-level trades a bit tricky.
Persons: John Butters, Katie Stockton, Stockton, What's, , Frank Gretz, Wellington Shields, Gretz, Larry Benedict, Benedict Organizations: Meta, CNBC, Nvidia, Wellington, Intel, Microsoft Locations: FactSet
CNN —Meghan, Duchess of Sussex has unveiled the first product from her new lifestyle brand American Riviera Orchard, sending jars of strawberry jam to influencers and friends. Several people have posted about the jam to social media, including fashion designer Tracy Robbins and Argentinian socialite Delfina Blaquier. “Breakfast, lunch and dinner just got a little sweeter,” Robbins wrote in the second image, with both photos showing a jar labeled “17 of 50.”A photo of American Riviera Orchard jam posted to Instagram by Tracy Robbins. Meghan rebranded the account American Riviera Orchard, and the bio confirms the account is run by her. The American Riviera Orchard website is similarly mysterious, featuring just a landing page.
Persons: CNN — Meghan, Duchess of Sussex, Tracy Robbins, Delfina Blaquier, Robbins, ” Robbins, Instagram Blaquier, , Meghan, butters, Richard Genow, Prince Harry, Organizations: CNN, Archewell Productions, Netflix Locations: Instagram, Wellington , Florida
The result was a 1.5-percent weekly drop in the S & P 500 , with Friday's setback exacerbated at least somewhat by a collective clenching-up of risk markets on some geopolitical worry. This dynamic hasn't been reversed, but the signal has grown a bit staticky, draining some conviction from the macro bullish case with the S & P 500 still 24% above the October low. Bull market's backdrop First, it's a bull market, and not a particularly mature or excessively generous one yet. Yet both stocks are still outperforming the S & P this year. The S & P 500 closed Friday at exactly the same level of five weeks earlier, on March 8 – which was perhaps the moment of maximum investor confidence in the "we can have it all" thesis.
Persons: I've, Jerome Powell, Powell, Wall, it's, We're, John Butters, Fastenal, Scott Chronert Organizations: Federal, ICE, Treasury, CPI, Fed, Grainger, Citi
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJustin's: How I built a peanut butter company and sold it for $281 millionJustin Gold got his homemade nut butters into Whole Foods, but still couldn't turn a profit — until a mountain biking ride inspired a new product that put Boulder, Colorado-based Justin's on the map. For more on how Denver and Boulder have rebuilt themselves as centers of business and industry, check out CNBC's primetime special, "Cities of Success: Denver & Boulder," premiering Thursday, April 11 at 10pm ET/PT.
Persons: Justin Gold Organizations: Denver & Locations: Boulder , Colorado, Denver, Boulder, Success, Denver & Boulder
"I'm on a mountain bike ride right here in Boulder, [Colorado], and I'm eating an energy gel [packet]," Gold told CNBC in a recent interview. "And I was curious why you couldn't put peanut butter or almond butter in that same type of squeeze pack and have an on-the-go, plant-based protein experience like an energy bar." Gold had been selling nut butters at a popular farmer's market in Boulder for two years by that point. But at the time, consumers still gravitated toward a handful of traditional peanut butter brands. Almond butter wasn't particularly popular yet, much less the flavor combinations Justin's was selling, like maple almond or chocolate hazelnut.
Persons: Justin Gold, Gold, He'd, Almond, Justin's Organizations: CNBC, Foods, Hormel Foods, SEC Locations: Boulder, Colorado
Nestled against the Rocky Mountains, Boulder, Colorado, has blossomed into a thriving hub for the natural products and wellness industry. The tea company was later acquired by Hain Food Group — now Hain Celestial Group — in 2000 for $390 million. Hain Celestial Group CEO Wendy Davidson (left) and CNBC's Andrea Day (right) trekking along the historic footrails where the founders of Celestial Seasonings gathered wild herbs in 1969. Turning peanut butter into goldThe Boulder County Farmers Market, a vibrant incubator since 1987, exemplifies the region's thriving ecosystem. A sign from the Boulder Farmers Market, operating from April to November, serving as an incubator for numerous small food businesses.
Persons: Wendy Davidson, CNBC's Andrea Day, Davidson, It's, Justin Gold, butters, , Gold, Daniel Acker, Juan Stewart, Stewart, Kristine Carey, Kristy Lewis, Quinn Snacks Organizations: U.S . News, Rockies, Hain Food, Group, CNBC, Leeds School of Business, University of Colorado, Farmers, Boulder Farmers, Foods, Hormel Foods, Bloomberg, Getty, Boulder County Farmers, Kroger, Companies Locations: U.S, CNBC's, Rocky, Boulder , Colorado, Boulder, University of Colorado Boulder, Tiskilwa , Illinois, Boulder County
Despite Thursday's declines, the S & P 500 is only 2% from last week's record highs. The surprise isn't that the S & P 500 dropped Thursday. .SPX 6M mountain S & P 500, 6 months First-quarter earnings estimates for the S & P 500 have slipped to an expected gain of 5.1%, down from an anticipated increase of 7.2% on Jan. 1, according to LSEG. Since earnings are what ultimately moves stocks, the question is not "What would cause a modest 2% to 5% decline?" To do that, market participants would need to believe that earnings estimates were off significantly.
Persons: Daniel Kahneman, Joe Biden, Benjamin Netanyahu, Israel, Neel Kashkari, it's, John Butters, Charles Schwab Organizations: Economic Sciences, Israel's, Federal Reserve Bank of, FactSet Locations: Gaza, Iran, Federal Reserve Bank of Minneapolis
Meghan, Duchess of Sussex, debuted an Instagram account on Thursday that announced a new venture, American Riviera Orchard, which appears to be a kitchen and lifestyle brand. A representative for the duchess confirmed her association with the project but declined to provide further details. A website for American Riviera Orchard displays its logo, a calligraphic gold crest, and an email sign-up to be notified about forthcoming products. The announcement comes amid a week of wild-eyed speculation about Catherine, Princess of Wales, Meghan’s sister-in-law, who apologized on Monday for releasing an edited image of herself. The image has wrought a public relations scandal and fueled conspiracy theories about the princess’ well-being since her abdominal surgery in January.
Persons: Meghan, Duchess of Sussex, butters, Catherine , Princess of Wales, Meghan’s, Organizations: American Locations: Southern California
It's time to buckle up: Investors holding these stocks could be in for a wild ride this week. A review of companies set to report earnings this week shows that some names may post sharp moves following their results, according to CNBC calculations based on FactSet data. For example, Snap , which reports Tuesday, could see its stock price move up or down about 17% following the news. Here are some other stocks that may move the most in response to news this week. Affirm , the buy now, pay later financial services company, could move up or down 15% following its earnings results, which are set for release Thursday.
Persons: John Butters, Morgan Stanley Organizations: CNBC, Ford Motor, Walt Disney Company, PepsiCo, Spirit Airlines, Palantir Technologies
Their huge and growing earnings, combined with a large number of shares outstanding, mean that the three companies exert a bigger influence on the S & P 500 earnings picture than any other. Fourth quarter earnings for the entire S & P 500 are expected to rise about 5% over the same period in 2022. For share-weighted earnings, the earnings (or earnings estimates) for each company are multiplied by the shares outstanding. What this means is that companies that are experiencing a rapid increase in their earnings can begin to exert an outsized influence on S & P 500 earnings. In a world where the S & P 500 is expected to see earnings growth of 10% this year, Nvidia's earnings growth is off the charts.
Persons: Technolgy, Nvidia —, John Butters, Jensen, Howard Silverblatt Organizations: Microsoft, Apple, Nvidia, Meta, P Global Locations: FactSet
Six of the Magnificent Seven companies — Alphabet , Apple , Amazon.com , Meta Platforms , Microsoft and Nvidia — are set to be the top six companies driving year-over-year earnings growth in the fourth quarter, Butters noted. Without them, earnings in the other 494 other S & P 500 companies are set to have fallen by 10.5%. And, taken as a whole, S & P 500 earnings are tracking to have eased 1.4% in the quarter. "Are companies in the 'Magnificent 7' ... expected to drive earnings higher for the S & P 500 for the fourth quarter?" In the first quarter of 2024, Alphabet, Amazon, Meta Platforms and Nvidia are projected to report year-over-year earnings growth of almost 80%.
Persons: John Butters, Butters, Dave Sekera, Sekera, FactSet's John Butters Organizations: FactSet, Microsoft, Nvidia, Apple, Morningstar Research Services Locations: U.S
This story is available exclusively to Business Insider subscribers. In addition to being a runner, I'm also a busy mom of two school-aged kids. While training for my latest race, I relied heavily on Trader Joe's frozen meals and pantry staples to keep me energized. From packaged grains to nut butters, I would have had a really hard time fueling for training without Trader Joe's convenient and low-cost items. AdvertisementHere are some of my favorite Trader Joe's items for when I'm training for a marathon.
Persons: , I'm, butters Organizations: Service, Business
Friday UnitedHealth is set to report earnings before the bell, with a conference call scheduled for 8:45 a.m. JPMorgan Chase is set to report earnings before the market opens. Management has said it will disclose severance costs and job cuts along with fourth quarter earnings." Delta Air Lines is set to report earnings before the bell, followed by a call at 10 a.m. What history shows: Bank of America beats earnings estimates 79% of the time, per Bespoke.
Persons: Wells, John Butters, Butters, UNH, UnitedHealth, CVS, JPMorgan Chase, Hugh Son, Jane, DAL, Leslie Josephs Organizations: JPMorgan Chase, Citigroup, Bank of America, Delta Airlines, CNBC, LSEG, JPMorgan, First, Management, Delta Air Lines, CNBC CNBC, Delta Locations: Wells Fargo
The S & P 500 , which had consolidated with a low-volatility sideways slide for three weeks, nudged to a new 20-month high just above 4600, almost precisely a 20% year-to-date gain. Just because the S & P 500 is at 4600 and Federal-funds futures markets project high odds of several rate cuts next year, it doesn't mean the former is reliant on the latter. Yet — just relax — in seven of the past 12 years, the S & P 500 went on to surpass this year-ahead analyst composite target. It's pretty popular to cast doubt on the achievability of the consensus 11.8% forecast S & P 500 earnings growth for 2024. A broadening beyond 2023's growth leadership is necessary for further S & P 500 gains.
Persons: YTD, Jerome Powell, Powell, John Butters, Scott Chronert Organizations: Federal, Fed, Bank of America, Wall, Merck, Pfizer, Citi, Treasury
The analyst community (which forecasts individual stock earnings and prices) is also making estimates for 2024. Unfortunately, like their macroeconomic strategist brethren, Wall Street analysts also have a long history of being wrong on their forecasts. Since the S & P 500 rises in almost three out of four years, analysts are understandably a generally bullish group. There have been four years in the last 20 where the analyst estimates at the start of the year differed from the final estimates by a margin greater than 25%. No wonder the S & P 500 closed Friday at a new high for the year.
Persons: Bob, John Butters, FactSet, Morgan Housel Organizations: Wall Street
ADHD symptoms can include forgetfulness, hyperactivity, and impulsiveness. AdvertisementIf you have ADHD symptoms such as forgetfulness or hyperactivity, there are some simple hacks you can try to alleviate them. Gala Didebashvili/Getty ImagesBefore trying any supplements, Holwegner strongly emphasized making sure that anyone with ADHD is eating enough protein. (Some research has linked sugary foods to an increase in ADHD symptoms in kids, but so far the science is mixed .) Incorporate omega-3Getty ImagesOmega-3 fatty acids have been linked to improved ADHD symptoms in children, and there are several ways to incorporate them into a diet.
Persons: , Andrea Holwegner, I'm, Holwegner, Didebashvili, it's Organizations: Service, Health, Nutrition Consulting, Amazon
How to Apply Lipstick the Right Way
  + stars: | 2023-11-20 | by ( Caitie Kelly | More About Caitie Kelly | ) www.nytimes.com   time to read: +4 min
Lipstick has been used, in various forms, for millenniums, but the struggle to make its color last has, seemingly, existed for just as long. “I have clients run a really hot washcloth over their lips,” explains Daniel Martin, a makeup artist and the global director of artistry and education at the beauty brand Tatcha. Begin by tracing the very edge of your lips with the pencil then color in the outline you’ve created. Martin, on the other hand, prefers to apply liner after lipstick, to touch up the edges. Apply Lipstick — Then Apply Again“You want a color that will stain,” explains the makeup artist Gucci Westman, who is partial to the tomato and fuchsia hues in her namesake brand’s Lip Suede: Les Rouges palette ($85).
Persons: , Jenn Streicher, Duchess, sloughing, Daniel Martin, Martin, butters, Chanel, Tasha Reiko Brown, pesky, Le, Gucci Westman, Matte, Madame Locations: Egypt, New York
The Producer Price Index, which measures the average price changes that businesses pay to suppliers, fell 0.5% on a monthly basis. It’s the largest monthly drop since April 2020, when the rapidly spreading Covid-19 virus caused a sharp economic contraction. When stripping out the volatile food and energy categories, core PPI was unchanged for the month, bringing the yearly increase to 2.4%. On Tuesday, the October Consumer Price Index showed that US consumer prices were unchanged for the month, contributing to a slowdown in the annual inflation rate to 3.2%. “Fed officials are getting to keep their cake and eat it too, so far with economic growth and inflation cooling.
Persons: Price, , Chris Rupkey, Andrew Butters, “ There’s, ” Butters, we’ve Organizations: Minneapolis CNN, Bureau of Labor Statistics, PPI, FwdBonds, “ Fed, CPI, Indiana University Kelley School of Business, Fed, CNN Locations: Minneapolis
Horton is set to report earnings before the bell, followed by a conference call at 8:30 a.m. Wednesday Biogen is set to report earnings in the premarket. Disney is set to report earnings after the close, with a conference call scheduled for 4:30 p.m. MGM Resorts is set to report earnings after the closing bell, with a call slated for 5 p.m. What history shows: MGM only exceeds earnings estimates 53% of the time, Bespoke data shows.
Persons: Horton, FactSet's John Butters, Butters, D.R, DHI, BIIB, WBD, Max, Bank of America Jessica Reif Ehrlich, Goldman Sachs, Brett Feldman, Bill Hornbuckle, — CNBC's Michael Bloom Organizations: Disney, MGM Resorts, CNBC, LSEG, Federal Reserve, Investment, Warner Bros, Warner Bros Discovery, Warner, Bank of America, MGM Locations: Macao
The S & P 500 was expected to see an earnings gain of 11% for the fourth quarter on Oct. 1, and that expectation is now down to 7.8%. "We're seeing larger estimate cuts than average for S & P 500 companies through the first month of the fourth quarter," John Butters at FactSet said. Roughly 60 companies in the S & P 500 have disclosed declines of 10% or more in their earnings expectations in the month of October, according to LSEG. Earnings revisions: Notable declines in airlines and cruise lines Here are some of the S & P 500 companies that have seen earnings estimates decline 10% or more since the start of the fourth quarter, according to LSEG. The markets have sniffed this out: What's next The stock market, of course, does not wait for analysts to cut earnings estimates.
Persons: John Butters, FactSet, Nick Raich, Refiners Valero, Goldman Sachs, Morgan Stanley, Alec Young Organizations: Boeing, . Airlines, Companies, Cruise Lines American Airlines, Cruise Line, Alaska Air Group, Southwest Airlines, Airlines, Delta, Entertainment Warner Bros Discovery, Paramount Global, Fox, MGM Resorts, Ford, Motors, Pfizer, Merck, Petroleum, Phillips, Seagate, Texas, Banks, Capital Markets, Blackstone, Intel, JETS, Energy, Pharmaceuticals
Results haven't been bad, but the macro is overwhelming everything, and fourth-quarter guidance is slipping. Here's a general rule for the stock market: earnings are the main determinant of stock prices in the long run, but in rare cases macro trends can overwhelm their message. Earnings are OK, but the trend is down On the surface, this looks like a good earnings season. With earnings, however, it's the trend in the forward quarter that matters: is the trend up or down? If Treasury yields stabilize or even move lower, that will be a more important factor than a slightly lower earnings environment.
Persons: Here's, CNBC's Robert Hum, Sellers, Chubb, Sherwin, Williams, Kimberly Clark, Campbell, Swift, FactSet's John Butters, what's Organizations: Microsoft, Waste, Norfolk, Procter, Gamble, Pepsi, Soft, Nvidia, Express, Visa, Southwest Airlines Locations: Meta, Winnebago, Corning, Big Tech, Treasurys
Regional banks will be in focus in the week ahead as traders head into the thick of third-quarter earnings season. Regional bank earnings are also expected to be a weak point this season. But a closer look into the sector's sub-industries showed that regional banks are anticipated to have tumbled by 15% last quarter. Traders parsing through regional bank earnings will pay special attention to signs of narrowing net interest margins (NIM). Earnings season underway Many investors anticipate that the third-quarter earnings season will be alright.
Persons: Wells, Kumar, FactSet's John Butters, NIM, They'll, JPMorgan Chase, Jamie Dimon, Goldman Sachs, Morgan Stanley, FactSet's Butters, Nancy Tengler, Lauren Goodwin, we'll, Goodwin, Charles Schwab, Lockheed Martin, Goldman, Zions, Kinder Morgan, Lam, McLennan, Philip Morris, Huntington Bancshares, , Jesse Pound Organizations: Citigroup, JPMorgan Chase, Sri, Kumar, Silicon Valley Bank, Regional Banking, Dow Jones Industrial, JPMorgan, Hamas, Northern Trust, U.S . Bancorp, T Bank, Citizens Financial, Bank of America, Federal Reserve, Companies, Investments, New York Life Investments, Index, Johnson, Bank of New York Mellon, Goldman Sachs Group, Hunt Transport Services, Omnicom, United Airlines Wednesday, Housing, Elevance, Citizens Financial Group, Procter, Gamble, Abbott Laboratories, Discover Financial Services, Las Vegas Sands, PPG Industries, Steel Dynamics, Tesla, Netflix, Lam Research, Philadelphia Fed, Truist, Alaska Air Group, Fifth Third Bancorp, American Airlines Group, Marsh, Philip Morris International, Union, CSX, Comerica, Regions Financial, American Express, Interpublic, Cos Locations: Wells Fargo, Silicon, Ukraine, Israel, J.B, Las Vegas, Philadelphia, Truist Financial, Union Pacific, Freeport, Huntington
Q3 S & P 500 earnings: Trending higher July 1: $55.76 Today: $55.78 Source: LSEG Q4 S & P 500 earnings: Trending higher July 1: $57.58 Today: $58.14 Source: LSEG The fact that the third quarter estimate of $55.78 is slightly below the third quarter of last year ($56.02) is not important; what matters is the trend in earnings. For Q3 2023, 76 S & P 500 companies have issued negative EPS guidance and 42 S & P 500 companies have issued positive EPS guidance, according to John Butters, senior earnings analyst at FactSet. "The earnings outlook for the S & P 500 for the third quarter is less negative relative to recent quarters," Butters told clients. "The percentage of companies issuing negative earnings guidance is equal to the 10-year average." Here's what stands out: The average earnings growth was 10.6%; the average revenue growth was 4.2%.
Persons: , John Butters, Butters, Nick Raich, It's, Chadha Organizations: FactSet, Companies, FedEx, Oracle, Darden, Costco, Pepsi, PepsiCo, Frito, Barclays, JPMorgan, Deutsche Bank Locations: America, AutoZone, United States, Mexico, Russia, Canada, China, South Africa, Japan, abate
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