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Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "This is the kind of number you need that basically says the Fed is doing their job," Jim Cramer said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Coterra, naysayers, Eli Lilly, drugmaker Amgen, we're, Jim Cramer's, Jim Organizations: CNBC, Club, Apple, Coterra Energy, Mizuho Securities
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's big gamble: Full Self-Driving in the wildFull Self-Driving, or FSD, is one of the most controversial parts of Elon Musk's Tesla strategy, with regulators calling the branding misleading and dangerous. But love it or hate it, Tesla has unleashed FSD, with a free trial for millions of U.S. drivers. That means more data -- an essential component to any company trying to develop autonomous driving. Tesla's approach to gathering all that data could prove all of Musk's naysayers wrong, or leave it continuing to play catch up with more advanced self-driving tech. This week on TechCheck, Tesla's big FSD gamble.
Persons: Elon Musk's Tesla, Tesla, Musk's Locations: Elon, U.S
Microsoft and a major chemical stock were among Friday's biggest analyst calls. He also lowered his price target by $1 to $25, which implies shares can fall roughly 19% from Thursday's close. Sandler increased his price target by $27 to $200, which implies 26.6% potential upside. JPMorgan: Analyst Mark Murphy added $30 to his price target, which is now at $470. He also hiked his price target to $61 from $55, which implies upside of 8% going forward.
Persons: Morgan Stanley, Mobileye, Adam Jonas, Jonas, — Pia Singh, Stifel, Stanley Elliot, Elliott, Alphabet's, Oppenheimer, Jason Helfstein, Ross Sandler, Sandler, Brent Thill, Google's, Justin Post, Post, Wall, Raimo Lenschow, Wells, Michael Turrin, MSFT, Turrin, Mark Murphy, Murphy, Keith Weiss, Weiss, Jeffrey Zekauskas, Zekauskas, Dow, Fred Imbert Organizations: CNBC, Microsoft, JPMorgan, Dow Inc, TAM, Caterpillar, Google, Barclays, , Jefferies, Bank of America, DOW Locations: Israel, Thursday's, reaccelerate, Wells Fargo
Analysts from major firms, ranging from UBS to Bank of America, were encouraged by accelerated growth in Google Search, Cloud and YouTube seen in the previous quarter. GOOGL YTD mountain Google stock this year. Sandler kept his overweight rating and increased his price target by $27 to $200, which implies 28% potential upside from Thursday's close. Jefferies's Brent Thill maintained his buy rating and upped his price target by $20 to $200, saying shares are trading at an attractive valuation. His target price suggests only about 11% potential upside from Thursday's close.
Persons: Doug Anmuth, Anmuth, Ross Sandler's, Sandler, Jefferies's Brent Thill, Oppenheimer, Jason Helfstein, Justin, Ken Gawrelski, Gawrelski Organizations: Google, UBS, Bank of America, YouTube, JPMorgan, Barclays, , buybacks, & &
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023. Alphabet shares shot up 10% Friday morning after the company posted better-than-expected first-quarter results and greenlit its first-ever dividend and a $70 billion buyback. Earnings of $1.89 per share eclipsed the $1.51 in earnings per share expected by Wall Street. The company said the board also approved the repurchase of an additional $70 billion in stock. Among other price target boosts for the stock following Alphabet's earnings, JPMorgan increased its price target to $200 from $165, while Evercore ISI upped its target to $200 from $160.
Persons: Sundar Pichai, Oppenheimer, Morgan Stanley, durably, — CNBC's Michael Bloom Organizations: Google, LSEG, Wall, YouTube, Barclays, , JPMorgan Locations: Mountain View , California
META YTD mountain Meta Platforms YTD We obviously don't like what we are seeing after hours in the stock. While expecting a similar dynamic to play out now with AI investments, Zuckerberg fully expects the end result to be similar as the team scales its offerings and then begins to monetize the investments. Regarding shareholder returns, the company repurchased $14.6 billion worth of stock during the quarter while returning another $1.3 billion via dividends. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. The logo of the U.S. company created by Mark Zuckerberg, Meta is displayed during the Viva Technology conference at Parc des Expositions Porte de Versailles on June 15, 2023 in Paris, France.
Persons: That's, Mark Zuckerberg, we'll, Zuckerberg, China's ByteDance, we've, we're, it's, ChatGPT, Jim Cramer, Joe Biden, Jim, Jim Cramer's, Porte de Versailles Organizations: Revenue, LSEG, Zuckerberg, China's, Meta, Microsoft, Electric, Realty Labs, Daily, People, CNBC, U.S ., Viva Technology, Parc, Chesnot, Getty Locations: U.S, Asia, Pacific, Paris, France
Apple stock has had a lackluster 2024 so far — dropping over 13% since the start of the year. AAPL YTD mountain Apple YTD What's next for Apple stock? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Apple, Jim, Jeff Marks, Jim Cramer's, Christian Organizations: Apple, Research, Huawei, China, U.S, Apple's, Conference, CNBC, Getty Locations: China, Shenzhen, India, Hamburg, Germany
Investors are fearful. They shouldn’t be
  + stars: | 2024-04-22 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
The economy has been extraordinarily resilient for the past few years — consistently proving the naysayers wrong, he says. For all of the market gloom last week, stocks are still near all-time highs, and this earnings season has been strong. Investors have been worrying about the Federal Reserve keeping rates higher for longer. I speak with many institutional investors, and I don’t see them folding in fear. Residual lubricant reduced the retention of the pad to the pedal,” the NHTSA wrote in the recall document.
Persons: , Philipp Carlsson, there’s, Carlsson, Szlezak, they’re, I’m, it’s, I’ve, we’re, TikTok, Brian Fung, Joe Biden, Tesla, Chris Isidore, Peter Valdes Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Boston Consulting, ByteDance, NHTSA Locations: New York, Europe, Ukraine, Israel, Washington
Over much of his life, Donald J. Trump has measured the world in terms of whether it is treating him or people he likes “unfairly.”Mr. Trump, the 45th president of the United States, a wealthy businessman and the son of a wealthy and well-connected real-estate developer, has used the word in a wide variety of contexts. News outlets, he often insists, treat him “unfairly.” Political rivals and critics treat him “unfairly.” Prosecutors who have charged him with crimes treat him “unfairly.”“No politician in history — and I say this with great surety — has been treated worse or more unfairly. You can’t let them get you down. You can’t let the critics and the naysayers get in the way of your dreams,” Mr. Trump said of himself in 2017.
Persons: Donald J, Trump, , ” Mr, ” “, Organizations: ” Prosecutors Locations: United States
Shares of Alphabet are on the verge of a possible breakout ahead of the company's three-day Google Cloud Next conference in Las Vegas, where artificial intelligence will be a major theme. Shortly after the trade, Alphabet shares ran into a brick wall after some advertising weakness surfaced in fourth-quarter results and was followed by a controversy over Gemini's image generator that caused the company to pull the tool. The conference is expected to show that "Google is not being left behind, not being troubled by Search," Jim said. That said, we expect Tuesday's AI conversation to be limited to how it relates to Google Cloud. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Thomas Kurian's, Nvidia —, bottoming, Jim Cramer, Jim, Nikesh Arora, Anthropic, Dario Amodei, Ford Yao Ge, Nik Spirin, Oppenheimer, Claude, Jim Cramer's Organizations: Google Cloud, Google, Microsoft, Super, Apple, Nvidia, Management, CNBC, Amazon, Bank of America, Palo Alto, Ford, Apple's Worldwide, Getty Locations: Las Vegas, Palo Alto, Amazon, OpenAI
I think Jensen deserves one day a year when he can trace out a vision without a per share attached to it. Sure, plenty of people in line Saturday would, correctly I think, say to "own it, don't trade it." Sure, I was sweating "own it, don't trade it." And, can you imagine if you owned but didn't trade Intel from 1990 to 2000? (Don't tell current Intel CEO Pat Gelsinger, who thinks it is still alive.)
Persons: Lisa, Jensen Huang, Jensen, Lisa Su, Andy Grove, Elon Musk, he's, what's, We've, heaven's sakes, Sam Altman, Jensen's, , Gordon Moore, Robert Noyce, Intel's, Noyce, blowhard, Pat Gelsinger, Enrique Lores, it's, He's, Frank Slootman, Jensen demurred, Frank, AMD's Su, It's, Colette Kress, Jim Cramer's, Jim Cramer, Jim Organizations: Palm, Wine, Club, Nvidia, New Yorker, Devices, Tesla, heaven's, OpenAI, Intel, IBM, HP, AMD, CNBC Locations: Florida, San Francisco, New
But since then WW shares have suffered heavy selling, dropping to a new 52-week low on Thursday. The stock, due to its debt load and short interest, as well as the general anxiety about the impact of the new weight loss drugs, is subject to heightened volatility. In the memo, Sistani told employees she wanted "to take a moment to address some of the breathless media coverage." WW shares closed at $1.87 on Thursday. It noted that WW was among companies from the weight loss industry involved in the TV event.
Persons: Oprah Winfrey, Sistani, Eli Lilly, Sima Sistani, Guggenheim, Oprah, Winfrey Organizations: CNBC, Nordisk, Guggenheim Partners, Guggenheim, WeightWatchers Clinic, FDA, WeightWatchers, National Museum of, ABC
That is why I propose a common-sense, everyone-wins idea: Let's make the Monday after daylight-saving time starts a federal holiday. Many of our 11 federal holidays were added in recent history: Memorial Day in 1968 (and observed since 1971). And yes, federal holidays come with an economic cost; government workers still get paid for that day. Everyone knows that's the worst of all the federal holidays, in the middle of dreary February. The best Presidents Day has to offer in terms of cultural impact is that it's when mattresses go on sale.
Persons: Let's, , Juneteenth, You've, Martin Luther King Jr, That's Organizations: Service, Labor, Daylight Locations: , Caribbean, bam, East Coast, Washington
Lisa Miller moved from Knoxville, Tennessee, to Brooklyn, New York, with her husband and three kids. Miller said her family has never been happier, and she gets to date her husband again. I moved to Tennessee when I was 19, and we lived in Knoxville and Nashville. AdvertisementWe quickly sold our house in Tennessee and found the perfect Brooklyn apartmentThe market is great in the Knoxville neighborhood we lived in. We haven't looked backIt's been the best decision we've ever made for our family.
Persons: Lisa Miller, Miller, , He'd, I've, I'm, we'd, there's, Joffrey, I'd, haven't, We've, we're, We'll, We're, it's, It's, we've, they've, Lisa Miller doesn't Organizations: Service, Flanelle Magazine, Tennessee Locations: Knoxville , Tennessee, Brooklyn , New York, Tennessee, Detroit, Virginia, Georgia, Knoxville, Nashville, New York, Slope, Brooklyn, of, Manhattan, New York City, Park Slope, Our Brooklyn, It's
The main explanation for the recent gain in bitcoin's price is the Securities and Exchange Commission's begrudged blessing of spot bitcoin exchange-traded funds, investment vehicles that track bitcoin's price. As bitcoin ETF providers have to invest in the underlying assets — bitcoins — demand for those assets increases. "The speed of the come-up is much faster than I thought," he said, adding that he was specifically surprised at retail-trader activity in the bitcoin ETFs. (Also, not everyone agrees it will be good for bitcoin's price.) Or maybe, just maybe, the latest run will cement bitcoin's future as a more stable part of people's investment portfolios.
Persons: Bitcoin's, bitcoin, David Yermack, University's, who've, BlackRock's, Eric Balchunas, James Butterfill, it's, Butterfill, shiba inu, Nic Carter, Carter, Bitcoin, Yermack, Emily Stewart Organizations: bitcoin, University's Stern School of Business, Securities, Exchange, SEC, Wall, Fidelity, University's Stern School of, Bloomberg Intelligence, Federal Reserve, New York Community Bancorp, Castle, Ventures, Business Locations: New, bitcoin, BlackRock, David Yermack , New
"Bitcoin reclaiming its all-time high yet again shows it is never going away," said Alex Thorn, head of research at Galaxy Digital. Catalysts driving the surge in the cryptocurrency include the U.S. spot bitcoin ETFs that started trading earlier this year, along with the tightening bitcoin supply ahead of the late April "halving." "The odds have always been against bitcoin," Thorn said, citing naysayers who have referred to it as "a bubble" and compared it to the "tulip mania" in Holland during the 1600s. "Retail interest is oftentimes momentum driven, and all-time high levels are a pivotal momentum driver for even more investment," he told CNBC. Nevertheless, U.S. spot bitcoin ETFs have brought legitimacy to it and been hugely popular, with BlackRock's iShares Bitcoin Trust (IBIT) passing $10 billion in assets under management last week.
Persons: Jaap Arriens, FTX, crypto's Lehman, Alex Thorn, bitcoin, Clara Medalie, Thorn, naysayers, Needham, John Todaro, Crypto, BlackRock's Organizations: NurPhoto, Getty, Metrics, Galaxy, CNBC, Securities and Exchange Commission Locations: U.S, Holland
Though the movie's ending takes some liberties from Herbert's book, it should leave audiences begging for a third movie. In the movie's thrilling conclusion, Paul drinks the Water of Life, which is supposed to bring death to any man who consumes it. Sure, they might stay together if Villeneuve gets to make "Dune 3," but it could be a while before that happens. AdvertisementIn late 2023, he said at a press conference in South Korea that the screenplay for the third movie, which would be based on Herbert's book "Dune Messiah," was "almost finished." But even if "Dune: Part Two" becomes a box office success, the director will not hustle to close the trilogy.
Persons: Denis Villeneuve, , Denis Villeneuve's, Frank Herbert's, Paul Atreides, Timothée, Niko Tavernise, Paul, Baron, Stellan, Atreides, Paul's, Javier Bardem, Jessica —, Mother, Jessica, Anya Taylor, Joy, Christopher Walken, Austin Butler, Emperor, Irulan, Florence Pugh, Stilgar, Chalamet, Jessica hasn't, Alia Atreides, Alia, jabbar, Gesserit, Villeneuve, Feyd Rautha, Feyd, he'll, she's, Princess Irulan, Pictures Denis Villeneuve, Villeneuve isn't clamoring Organizations: Service, Warner Bros, Pictures, Times Locations: Arrakis, South Korea, Hollywood
Johnson, who created the first Black-owned company to be traded on the New York Stock Exchange, is the founder of Black Entertainment Television (BET). AdvertisementThe acquisition made Johnson and his former wife, Sheila Johnson, who is the cofounder of BET, billionaires. What is the best advice you've ever received, and how did it impact your business or career? The best advice I've ever received actually came from John Malone. Early on, some people wanted me to call BET "Urban Television" because "urban" was, I'd argue, considered a softer way of saying Black.
Persons: , Robert L, Johnson, It's, hasn't, Sheila Johnson, John Malone, he's, — Michael Jordan, Tom Baltimore, you've, I've, I'd, BET should've Organizations: Service, Business, New York Stock Exchange, Black Entertainment Television, BET, Viacom, NYSE, Lodging Trust, Black Educational Television, Black Locations: America
In 2007, I became Monster.com's first chief diversity officer, then Walgreens' in 2012. Most recently I served as chief human-resources officer at Workhuman. When done right, DEI programs not only give companies a competitive edge but also can be the very means of mending a broken America. Unsurprisingly, the role of chief diversity officer became more popular during this time as CEOs and boards recognized that they needed a dedicated team with resources to prevent similar class-action settlements and public-relations disasters. Prior to serving as chief people officer for Workhuman, he was chief diversity officer for Walgreens and Monster.com.
Persons: unschooled, Monster.com's, meritocracy, Kennedy, Johnson, Nixon, ERGs, Charles Walgreen, Jim Crow, Rep, Robert B, Elliott of, Steve Pemberton Organizations: Walgreens, Revelio Labs, America, Commission, Texaco, Denny's, Nextel, Harvard, The Lighthouse Academy Locations: America, Elliott of South Carolina
But can the momentum continue for AI stocks continue? But our estimates could prove to be conservative in light of recent developments like Open AI's text-to-video model Sora and management commentary from Nvidia," Marcelli said. Both Microsoft and Alphabet reported increased cloud revenue growth thanks to AI, and revenue from their AI models and applications should see significant growth in the next five years, she said. "Given the strong AI-related tailwinds, we see 18% year-over-year earnings growth in 2024 for the global tech sector, including information technology and internet," Marcelli said. 2 trades to ride the AI waveTo take advantage of further AI upside, Marcelli said UBS prefers two market subsectors: semiconductors and software.
Persons: Solita Marcelli, Marcelli Organizations: Nvidia, Business, UBS, UBS Americas, Microsoft, VanEck Semiconductor, Invesco Semiconductors, Software Sector, P Software & Services, Big Tech
Wilson created a futuristic airless basketball that's getting all the hype on social media, and the $2,500 price tag didn't stop it from selling out. The limited edition Airless Gen 1 is a 3D printed basketball that allows air to pass through it — unlike a traditional basketball that's pumped with air. Wilson's airless basketball is getting a lot of hype online. The most immediate difference between the Airless Gen 1 and a regular basketball — other than appearance — is the sound. Time will tell if the Airless Gen 1 will become a collectible or the foundation of a new era of basketball.
Persons: Wilson, it's, Marques Brownlee, weren't, Wilson didn't Organizations: that's, Business, NBA, New
Among other things, he denied a motion from Trump to dismiss the case and set parameters for jury selection. "At this point, I can inform you that we're moving ahead with jury selection on March 25," he told the court. The Week in Cartoons Feb. 12-16 View All 17 Images“There was a tendency to disparage this case as being the least important – it’s just hush money. Trump denies any wrongdoing and has said that the payments to Cohen were simply reimbursements for legal expenses. “I was probably the only one who didn’t see it that way and felt like I was fighting an uphill battle.
Persons: Donald Trump, Trump, Judge Juan Merchan, , Shanlon Wu, Cohen Seglias, Stormy Daniels, Michael Cohen, Attorney Alvin Bragg, reimbursements, Cohen, Daniels, Norm Eisen, , ” Eisen, ” Trump, Karen Agnifilo, it's, Joe, Joe Biden’s, It’s, Agnifilo, Merchan, Arthur Engoron, Jean Carrol, Wu Organizations: Trump, Republican, Manhattan, Attorney, Prosecutors, , Washington , D.C, Capitol Locations: Manhattan, Clinton, Washington ,, Georgia’s Fulton County, New York’s
Don't let other people's judgments drain your faith in yourself, especially when it comes to pursuing big ideas. That's advice from Gregg Renfrew, who knows something about becoming successful by sticking to her convictions: Her clean beauty startup Beautycounter was most recently valued at $1 billion, as of April 2021. In some ways, humans are wired to be naysayers as a way of avoiding unnecessary risks, research shows. But ultimately, you need to build your confidence to be successful, Renfrew says. "You genuinely have everything you need to be successful, and don't let anyone tell you otherwise," she says.
Persons: Gregg Renfrew, Beautycounter, Renfrew Organizations: CNBC Locations: Renfrew
Henry Cavill has weighed in on the debate surrounding the use of sex scenes in film and TV. I'm not a fan," Cavill said, agreeing with Vaughn, who said he "can't get my head around sex scenes." The " Witcher " actor said there are occasions where he thinks sex scenes are "beneficial" to a film's narrative, "but I think sometimes they're overused these days." "It's when you have a sense where you're going, 'Is this really necessary or is it just people with less clothing on?'" Explaining the online resistance to sex scenes, some have pointed to the fact that younger generations, millennials and Gen Zers, have different attitudes than older audiences.
Persons: Henry Cavill, Penn Badgley, Blake Lively, Jameela Jamil, , Matthew Vaughn, Cavill, I'm, Vaughn, WxQDIHSXSz, — Lisa, He's, there's, they're, Neal McDonough, Charles Brandon, Gen Zers Organizations: Service, Netflix, UCLA
The most expensive home for sale in the U.S. hit the market this week for $295 million. Gordon Pointe, as it's called, is a roughly 9-acre compound in Naples, Florida, on the Gulf Coast, in an affluent enclave called Port Royal. The mega-listing includes a main house that spans about 11,500 square feet, with six bedrooms. Two guest houses, each over 5,000 square feet, bring the estate's total interior living space to 22,800 square feet. The residence sits high atop 217 West 57th Street, overlooking Central Park, spanning three floors and over 17,500 square feet.
Persons: Gordon Pointe, Leighton Candler, Corcoran, Candler, Gordon, John, Rhodora Donahue, John Donahue, Hermes, Dawn McKenna, McKenna, she's, It's, Cody Boone, Ryan Serhant, Serhant, naysayers, Donna Olshan, Karen Winnick, Gary Winnick, Kurt Rappaport, that's, Jonathan Miller, Miller Samuel, Jeff Bezos, Clodagh Kilcoyne, Ken Griffin, Larry Ellison, Marc Andreessen, Jim Bartsch, Jerry Perenchio, Miller, Lachlan Murdoch, Rupert Murdoch Organizations: Royal, CNBC, U.S . Army Corps of Engineers, Dawn McKenna Group, Coldwell, Coldwell Banker Realty, St, SERHANT Studios, Encantada, U.S, Washington , D.C, Reuters, Amazon, Oracle, Bel Air, Fox Corp Locations: Gordon Pointe, U.S, Naples , Florida, Gulf, New York, of Mexico, Pittsburgh, Port Royal, America, New York City, Central, Manhattan, Los Angeles, Bel, Washington ,
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