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While he pulled back his price target to $26 from $32, the new target still indicates shares surging 126% from Wednesday's close. Fox's fiscal third quarter results came above Rief Ehrlich's expectations, which she noted were encouraging "amid a difficult linear advertising environment." — Fred Imbert 5:50 a.m.: Wall Street on the sidelines for Airbnb Airbnb's weaker-than-expected forward guidance has analysts worried about the company's growth outlook. Post pulled back his price target by $8 to $160, just 1.3% above where shares closed on Wednesday. Meanwhile, analyst Eric Sheridan moved his price target slightly higher to $130 from $123, suggesting around 18% downside.
Persons: Raymond James ., Jefferies, Dushyant Ailani, Ailani, — Hakyung Kim, Jessica Reif Ehrlich, … Fox, Davidson downgrades, Davidson, Tom White, Tripadvisor, we'd, White, Hakyung Kim, Raymond James Cheesecake Factory, Raymond James, Brian Vaccaro, Vaccaro, Andrew Boone, Shopify, Boone, Fred Imbert, Airbnb, LSEG, Morgan Stanley, Brian Nowak, Nowak, Bank of America's Justin Post, Post, Goldman Sachs, Eric Sheridan Organizations: CNBC, JPM Securities, Cheesecake, Bank of America, Fox, Media, of America, , Factory, Cheesecake Factory, JMP Securities, Bank of America's Locations: Wednesday's, 2H24
One species – P. viator – would have weighed up to 170 kilograms (375 pounds), making it around twice as heavy as the largest male red kangaroos living today. Flinders UniversityThe largest specimens would have stood more than 2 meters (6.6 feet) tall, Kerr told CNN on Monday. By around 40,000 years ago Protemnodon had become extinct on mainland Australia, despite the differences between the various species. This extinction, however, did not affect similar animals such as wallaroos and grey kangaroos, for reasons scientists do not fully understand. “There is a species of Protemnodon present in the formation we’ll be digging at, Protemnodon otibandus, and I’m hoping for a complete skull of this very interesting species,” he said.
Persons: Isaac Kerr, South Australia Aaron Camens, viator, Kerr, , , , Thylacoleo, mamkurra, ” Kerr, Protemnodon, Protemnodon otibandus Organizations: CNN —, Flinders University, Volunteers, CNN Locations: South Australia, Lake Callabonna, Australia, Callabonna, Tasmania, New Guinea, Papua New Guinea
Jefferies initiated Colgate-Palmolive with a buy rating, citing a stabilization in market share loss. The firm initiated coverage of DevOps stock on Monday with a buy rating and a $56 per share price target. "In short, we think GTLB is well positioned to gain share with its platform offering in a rapidly growing ~$40B DevSecOps target market," analyst Gray Powell said. The firm initiated coverage of the consumer giant with a buy rating and a $87 per share price target in a Sunday note. Analyst Kaumil Gajrawala said the company's market share losses from the height of the pandemic have stabilized, allowing Colgate-Palmolive to enter a period of steady growth.
Persons: Jefferies, Edward Jones, Oracle Edward Jones, Oracle's, Logan Purk, Purk, Brian Evans, Gray Powell, — Brian Evans, Bernstein, TripAdvisor, Richard Clarke, Asiya Merchant, Kaumil Gajrawala, Gajrawala Organizations: CNBC, Colgate, Palmolive, Citi, HP Inc, Oracle, Google, Amazon Web Services, Jefferies, ~$
The company posted $6.73 in earnings per share on $16.88 billion in revenue. Analysts surveyed by LSEG, formerly known as Refinitiv, had forecast $6.67 in earnings per share on $16.74 billion in revenue. Dollar Tree — The discount retailer jumped 4.8% after getting an upgrade from Goldman Sachs to buy from neutral. Analysts polled by LSEG forecast an adjusted $2.52 in earnings per share and $21.04 billion in revenue. Goldman Sachs earned $5.47 per share on revenue of $11.82 billion, exceeding LSEG estimates.
Persons: Lockheed Martin, chipmakers, Goldman Sachs, Johnson, LSEG, Wyndham, Brian Essex, Hannon Armstrong, Morgan Stanley, Fortrea, Jeff Smith, , Samantha Subin, Alex Harring, Lisa Kailai Han, Pia Singh, Sarah Min, Tanaya Macheel Organizations: Lockheed, LSEG, Circor, Nvidia, U.S . Department of Commerce, Marvell Technology, Devices, Broadcom, Goldman, Bank of America, Bank of New York Mellon, Wyndham Hotels, Resorts, Wyndham, Choice, JPMorgan, VF Corp, Viasat —, Hannon Armstrong Sustainable Infrastructure Capital, Systems Locations: China
Here are Tuesday's biggest calls on Wall Street: Wells Fargo upgrades Air Products to overweight from equal weight Wells Fargo said it sees robust earnings growth. JPMorgan reiterates Alphabet as overweight JPMorgan said it's standing by its overweight rating heading into earnings next week. " JPMorgan upgrades Viasat to overweight from neutral JPMorgan said it sees an attractive entry point for the satellite company. " JPMorgan upgrades CyberArk to overweight from neutral JPMorgan said it sees "accelerating demand" for the cyber company. JPMorgan initiates Teck Resources as overweight JPMorgan said the metals and mining company is its preferred play. "
Persons: Wells Fargo, GOOGL, Wells, Horton, Stifel, Raymond James, Lam, Tesla, MBLY, Goldman Sachs, Bernstein, Morgan Stanley, Hannon, JPMorgan Organizations: Air Products, JPMorgan, Homebuilding, MAS, FERG, UW, Lam Research, Materials, Microsoft, Viasat, Citi, Exxon Mobil, Hannon Armstrong Sustainable Infrastructure Capital, Bank of America, Apple, of America, Pro, Teck Resources Locations: Wells, LEN, China, HASI
More and more people are looking for a reprieve from the endless scroll of social media, breaking news alerts and e-mail notifications. There's a recent rise in Gen Zers in the U.S. buying "dumb phones" to help limit the time they spend on apps like Twitter and TikTok. And as people set stricter boundaries around how much they interact with tech, they're turning their attention to travel. InsureMyTrip, a travel insurance comparison website, ranked the best cities to visit for a "digital detox" based on an overall rating across four categories: relaxation, activities, safety, and access to the internet. To stick to your digital detox, look to one of the featured destinations that received high marks for availability of evening tours and activities.
Tripadvisor 's strategic plan, coupled with its recent outperformance, put Bernstein on the sidelines. Analyst Richard Clarke downgraded the stock to market perform from outperform. That price target implies the stock could rise 3.2% over the next year from where it closed Wednesday. Management laid out what Clarke called a "highly sensible" strategic plan for its core business during fourth-quarter earnings. The stock has gained 40.2% since the start of 2023, regaining ground after losing 34% in 2022.
Airbnb posted revenue of $1.90 billion, higher than the forecasted $1.86 billion. TripAdvisor — The online travel company's shares gained 7% after its earnings report beat Wall Street estimates. Devon Energy — The energy company's shares fell 5% after the company's disappointing fourth-quarter earnings report. GoDaddy — The web hosting company's shares dropped more than 1% after the company released a mixed quarterly earnings report. The company's per-share earnings of $0.60 came in 2 cents below expectations.
Shares of Tripadvisor are poised to rally as travel demand recovers and consumers book more experiences, Bank of America said. Analyst Nat Schindler double-upgraded the travel booking company to buy from underperform, citing strong growth within the company's experiences booking platform known as Viator. In the third quarter, the experiences platform accounted for 38% of Tripadvisor's total revenue, compared to 18% in 2019, Bank of America said. At the same time, he views Tripadvisor's core business as an offering that could support further experiences growth. "Core TRIP remains a cash cow that while not a significant grower over time can both fund and drive customers to high growth Viator," he said.
Check out the companies making headlines in midday trading Wednesday:Lumen Technologies — Shares fell 22.5% after the cloud network data company reported a fourth-quarter loss of about $3.1 billion. CVS Health — CVS Health gained 4.6% after the company surpassed profit and sales expectations in its latest quarterly results. The New York Times Company — Shares for the media organization popped more than 14% after its fourth-quarter earnings beat analyst estimates. The company reported earnings of 59 cents per share, which was greater than a Refinitiv estimate of 43 cents per share. Fortinet posted earnings of 44 cents per share, while analysts expected 39 cents per share, according to StreetAccount.
Here are Wednesday's biggest calls on Wall Street: CFRA downgrades Roku to sell from hold CFRA said it sees "challenging fundamentals" for Roku . Piper Sandler reiterates Target as overweight Piper said Target is a key beneficiary of Bed Bath & Beyond struggles. Bank of America reiterates Chipotle as buy Bank of America said it sees more earnings per share upside after the company's earnings report on Tuesday. Bank of America reiterates Domino's as buy Bank of America said it's bullish on Domino's launch of loaded tater tots. Bank of America reiterates Microsoft as buy Bank of America said it's bullish long-term on Microsoft's venture into AI.
Tripadvisor Names Its First CMO Since 2018
  + stars: | 2022-11-15 | by ( Patrick Coffee | ) www.wsj.com   time to read: +4 min
Tripadvisor Inc. has hired John Boris as its first chief marketing officer in more than four years as the online travel company hopes to serve consumers who are willing to pay more to book flights and hotels. Mr. Boris had been chief growth officer at Australian blockchain gaming startup Immutable Pty. Newsletter Sign-up WSJ | CMO Today CMO Today delivers the most important news of the day for media and marketing professionals. Its marketing expenses rose 58% to $234 million during the same period thanks, in part, to an increase in search-engine marketing, according to the company’s earnings report. Tripadvisor also recently replaced its retiring chief financial officer with Mike Noonan, formerly of dieting app Noom.
The Wyndham Rewards® Earner Business Card is one of three Barclays-issued Wyndham Rewards cards, and it's by far the most lucrative. The Wyndham Rewards® Earner Business Card is a small-business credit card, so you shouldn't apply unless you have a small business. Keep in mind when you have the Wyndham Rewards® Earner Business Card (or any other Wyndham card), you'll receive a 10% discount on go free awards. Automatic top-tier elite statusWyndham Rewards® Earner Business Card cardholders receive Diamond status with Wyndham, which is the chain's highest elite tier. For those who stay with Wyndham and like collecting and using Wyndham points, the Wyndham Rewards® Earner Business Card is definitely worth it.
Apply now A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.8 out of 5 Stars Editor's Rating A tooltip OUR EDITOR'S RATINGS ARE PRIMARILY BASED ON 3 THINGS: SIMPLICITY, AFFORDABILITY, AND VALUE. Good to Excellent Marriott Bonvoy Boundless® Credit Card A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.6 out of 5 Stars Editor's Rating A tooltip OUR EDITOR'S RATINGS ARE PRIMARILY BASED ON 3 THINGS: SIMPLICITY, AFFORDABILITY, AND VALUE. Apply now A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.6 out of 5 Stars Editor's Rating A tooltip OUR EDITOR'S RATINGS ARE PRIMARILY BASED ON 3 THINGS: SIMPLICITY, AFFORDABILITY, AND VALUE. Annual Fee $95 Regular APR 18.99% - 25.99% Variable Credit Score Good to Excellent Chase Freedom Unlimited® A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.6 out of 5 Stars Editor's Rating A tooltip OUR EDITOR'S RATINGS ARE PRIMARILY BASED ON 3 THINGS: SIMPLICITY, AFFORDABILITY, AND VALUE. Apply now A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.6 out of 5 Stars Editor's Rating A tooltip OUR EDITOR'S RATINGS ARE PRIMARILY BASED ON 3 THINGS: SIMPLICITY, AFFORDABILITY, AND VALUE.
Many people try to generate extra cash to cover that expense, but not all holiday side hustles are truly flexible. These six ways to earn extra cash include helping prep college applications, leading holiday tours, and transcribing audio. With most Americans living paycheck-to-paycheck, many people are looking to earn extra cash during the holiday season to cover those expenses. Think back to your teen yearsRemember when you were a teenager and you were desperate for extra cash? You can even earn extra cash by helping people hang Christmas lights.
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