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☆ Stocks making the biggest moves premarket: Snowflake, Salesforce, C3.ai, Okta and more
▼ + stars: | 2024-02-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Snowflake said it expects product revenue to range between $745 million and $750 million in the current period, below the $759 million analysts polled by StreetAccount expected. Okta said its expects revenues to range between $603 million and $605 million, surpassing a FactSet estimate of $583.8 million. Celsius posted 17 cents in earnings per share on $347.4 million in revenue for the fourth quarter. Nutanix posted earnings of 46 cents per share on revenues totaling $565 million. The data storage company posted earnings of 50 cents per share on $790 million in revenue.

Persons: Frank Slootman, Snowflake, StreetAccount, Morgan Stanley, Salesforce — Salesforce, Okta, Duolingo, LSEG, Nutanix, —, Alex Harring, Tanaya Macheel, Michelle Fox, Lisa Han, Jesse Pound, Sarah Min, Pia Singh Organizations: Revenue, Bank of America, AMC, AMC Entertainment, Wall, Paramount, LSEG, CNBC Warner Bros, FactSet, HP — Locations: Canada, FactSet .

☆ Stocks making the biggest moves after hours: Salesforce, Snowflake, Okta, Duolingo and more
▼ + stars: | 2024-02-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

In the fourth quarter, the software company topped Wall Street's fourth-quarter expectations on the top and bottom lines. Snowflake — Snowflake shares plunged 20% after the business software company announced the retirement of its CEO Frank Slootman. The company topped earnings expectations by 12 cents and said it expects revenue for the current period to range between $603 million and $605 million. The company posted revenue of $13.19 billion, falling short of the $13.56 billion analysts polled by LSEG expected. Adjusted earnings per share came in at 5 cents and topped an LSEG estimate of 2 cents per share.

Persons: — Salesforce, Frank Slootman, Duolingo, Okta — Okta, LSEG Organizations: FactSet, Paramount Global, LSEG, Revenue, StreetAccount, HP Inc, AMC Entertainment

☆ History shows the best trade has usually been to buy the stock getting kicked out of the Dow Industrials
▼ + stars: | 2024-02-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

If history is any guide, Walgreens Boots Alliance may fare better after getting tossed from the Dow Jones Industrial Average . In fact, data shows that betting on a stock that's leaving the Dow is often a better trade for investors than buying shares of a stock that's entering the 127-year-old average. What history shows Alcoa was the best-performing stock among the last 10 outgoing Dow members. For example, Honeywell International surged more than 40% one year after joining the Dow, while UnitedHealth rallied nearly 28%. General Electric , the last of the original 12 Dow stocks, plunged about 58% one year after leaving the average in 2018.

Persons: bode, Ned Davis, Goldman Sachs, —, Amgen —, UnitedHealth, DuPont de Nemours, Fred Imbert Organizations: Walgreens Boots, Dow Jones, Walgreens, Dow, General Electric, WBA, CNBC Pro, Ned Davis Research, NDR, Alcoa, HP, Bank of America, Nike, Visa, RTX Corporation, Exxon Mobil, Pfizer, Apple, Honeywell International, DuPont de Locations: U.S

☆ Stocks making the biggest moves premarket: Salesforce, Snowflake, Pure Storage and more
▼ + stars: | 2023-11-30 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell: Salesforce — Salesforce popped more than 9% after the cloud software company reported fiscal third-quarter earnings that beat analysts' expectations. Snowflake posted adjusted earnings of 25 cents per share on revenue of $734 million. It also issued first-quarter and full-year earnings guidance that also topped estimates. On Wednesday, the company announced a $10 billion share buyback, raised its dividend and reinstated its full-year guidance. Pure Storage — The data storage stock tumbled 14.5% in Thursday's premarket after offering a weak revenue outlook.

Persons: Salesforce, Nutanix, Snowflake, Morgan Stanley, Robinhood, James Heaney, Synopsys — Synopsys, FactSet, Goldman Sachs, — CNBC's Brian Evans, Michelle Fox, Alex Harring, Jesse Pound, Samantha Subin Organizations: LSEG, Hewlett Packard Enterprise, Nvidia, Jefferies, General Motors, Ford, Ford Motor, United Auto Workers Locations: U.K, Thursday's

☆ Meet Brother Spirit, the Buddhist monk who doesn't believe in competition and is behind one of the great partnerships in Silicon Valley
▼ + stars: | 2023-11-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Brother Spirit is a monk in the French monastic community of Plum Village. Brother Spirit played a role in connecting Salesforce CEO Marc Benioff with Humane's founders. Brother Spirit said competition is not the best way to drive innovation. Brother Spirit did not respond to Insider's request for a comment, so it's unclear exactly when he befriended Benioff. Brother Spirit, who also goes by Brother Pháp Linh, appears to be active on social media.

Persons: Brother Spirit, Marc Benioff, Imran Chaudhri, Bethany Bongiorno, Benioff, Times ., Spirit, He's, Barack Obama, Tim Cook, Fleetwood Mac, —, Brother Pháp Linh, CK Lin, Lin Organizations: Brother, Humane's, Service, Apple, Google, The New York Times, Times, Salesforce, Cambridge University Locations: Plum, Salesforce, Bordeaux, France, San Francisco

☆ How our stocks fared in the past 10 Novembers, the strongest month for the market
▼ + stars: | 2023-11-02 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

April is the S & P 500's second-best month, with an average gain of 1.5%. Club stocks in November Following up on Wednesday's screen of October outperformers , we analyzed our portfolio using FactSet data to see how it fared recently during the historically strongest month of November. All but two of our stocks — Salesforce (CRM) and Coterra Energy (CTRA) — have had a positive average November performance since 2013. The only monthly decline came in November 2021, when the S & P 500 fell 0.83%. Coterra and Salesforce are the worst-performing Club stocks over the past 10 Novembers.

Persons: Jim Cramer, Jim, —, it's, Locker, Morgan Stanley, PANW, It's, Salesforce, doesn't, Jerome Powell's, Powell, Jim Cramer's, Victor J Organizations: Wall Street, Federal Reserve, Dow Jones, Nasdaq, Stock Traders, Coterra Energy, Nvidia, FL, Palo Alto Networks, Starbucks, Palo, GE Healthcare, steadiest Club, Costco Wholesale, Costco, Jim Cramer's Charitable, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: U.S, Palo

☆ Stocks making the biggest moves after hours: Salesforce, Okta, CrowdStrike, Five Below and more
▼ + stars: | 2023-08-30 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

CrowdStrike beat analysts' second-quarter expectations on the top and bottom lines. The cybersecurity company reported second-quarter adjusted earnings of 74 cents per share on revenue of $732 million. The identity and access management company exceeded analysts' second-quarter expectations. Okta posted second-quarter adjusted earnings of 31 cents per share on revenue of $556 million. Salesforce — Salesforce climbed 5.6% after the software company reported fiscal second-quarter earnings and revenue that surpassed estimates.

Persons: CrowdStrike, Refinitiv, — Okta, Okta, Salesforce — Salesforce, Salesforce, — Chewy Organizations: Refinitiv, Costco Wholesale

☆ Here are 2 major themes to watch in the week ahead after Friday's market rally
▼ + stars: | 2023-08-26 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

As August is known to be, it's been a rough month-to-date for all three of those stock market benchmarks so far. This past week, the overall market was oversold, according to Jim Cramer's trusted S & P Oscillator. After Friday's strong finish, we'll see if the market's oversold condition abates as two major themes play out in the week ahead: Earnings from two Club names — Salesforce (CRM) and Broadcom (AVGO) — and key economic reports ahead of September's Fed meeting. Outside of the labor market and inflation, we'll also get a look at the housing market with the pending home sales on Wednesday. As we heard from fellow Club name Palo Alto Networks (PANW) last week, companies are growing more cautious and more closely scrutinizing large sales deals.

Persons: Jerome Powell's, Powell, it's, Jim Cramer's, Friday's, —, It's, we've, we'll, we're, Salesforce, AVGO, We're, Brown, Forman, Campbell Soup, LULU, Jim Cramer, Jim, Angela Weiss Organizations: Nasdaq, Federal, Nvidia, Dow Jones, Broadcom, Fed, Labor, Club, Palo Alto Networks, VMWare, HEICO Corporation, Bank of Montreal, BMO, Bank of Nova, Hewlett Packard Enterprise, HP, PVH Corp, Patterson Companies, Veeva Systems, UBS, Academy Sports, Hormel, Signet Jewelers, Dell Technologies, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: Jackson Hole , Wyoming, China, Bank of Nova Scotia, New York City

☆ Stocks making the biggest moves midday: Dollar General, Salesforce, C3.ai, Chewy and more
▼ + stars: | 2023-06-01 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Dollar General — Shares sank nearly 20% after the company reported an earnings and revenue miss for the first quarter. Its second-quarter revenue guidance also beat expectations, per StreetAccount. The company also reduced its full-year revenue guidance in the low single-digits range from the prior midsingle-digit range estimates. The drop in shares came as cost concerns and dwindling demand for consulting deals overshadowed better-than-expected results and an improved full-year earnings outlook. The company also raised its full-year earnings per share guidance.

Persons: Chewy, Hormel, Wednesday's, CrowdStrike, Salesforce, Okta, JPMorgan Chase, Veeva, Samantha Subin, Yun Li, Alex Harring, Tanaya Macheel Organizations: StreetAccount, Revenue, Refinitiv, JPMorgan, Veeva Systems, Saudi Arabia's Public Investment Fund, Barclays Locations: Vallejo , California

☆ These 3 Club stocks just hit their highest levels in a year. Here's where we stand on them now
▼ + stars: | 2023-04-19 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

Three Club holdings — Salesforce (CRM), Linde (LIN) and Nvidia (NVDA) — just reached their highest levels of the past 12 months, which Wall Street generally views as encouraging. At the same time, however, some investors may be wondering whether hitting a new 52-week high might signal that it's time to take some profits. Here's how the Club is thinking about our positions in these three stocks that reached this juncture during Tuesday's session. Our last purchase of Salesforce stock was Dec. 21, scooping up 25 shares around $130 each on the belief that investors were way too negative on the company. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stocks making the biggest moves after hours: Silvergate Capital, Salesforce, Snowflake, Okta and more
▼ + stars: | 2023-03-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Silvergate Capital – Silvergate Capital shares plunged more than 22% in extended trading after the crypto-focused bank filed to delay its 10-K annual report. Snowflake — Shares of Snowflake fell 7% despite posting a top-and-bottom line beat for the recent quarter, according to Refinitiv. Okta — Okta shares rallied about 13% in extended trading after topping expectations for the fourth quarter, according to analysts surveyed by Refinitiv. Nevertheless, Box beat analysts' estimates on the top and bottom line for the fourth quarter, according to Refinitiv. Celsius Holdings — The energy drink maker's stock slipped more than 3% postmarket after sharing an unexpected loss for the fourth quarter, according to FactSet.

☆ Stocks making the biggest moves premarket: Wayfair, Salesforce, Paypal and more
▼ + stars: | 2023-01-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest premarket moves:Advanced Micro Devices — The semiconductor maker rallied nearly 3% after being upgraded by Barclays to overweight from equal weight. The Wall Street firm cited improving market share trends and a better grasp on spending from management. Abbott Laboratories — Abbott Labs lost 2.5% following a Wall Street Journal report Friday that the Justice Department is investigating conduct at its infant-formula plant in Sturgis, Michigan. Tapestry — The Coach and Kate Spade parent slid 1.85% after being downgraded to equal weight from overweight by Barclays. The Wall Street firm's reasons included inflation creeping to higher household income brackets.

☆ Stocks making the biggest moves midday: Wayfair, Meta, Apple, Spotify, Qualcomm and more
▼ + stars: | 2023-01-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Wayfair — Shares of the furniture retailer jumped 24.1% on Monday after Wayfair received upgrades from multiple Wall Street firms, include a double upgrade to overweight from underweight at JPMorgan. Spotify — Spotify gained 3.1% after the company sent an internal memo to staff on Monday announcing plans to lay off 6% of its global workforce, or about 600 employees. Western Digital — Shares jumped 7% after Bloomberg reported that merger talks between Western Digital and Kioxia are advancing. Western Digital would spin off its flash business and merge it with Kioxia in a separately traded company, the report said. Evoqua shares jumped more than 14% following the announcement.

☆ Survived the tech layoffs? Congrats, but you're not out of the woods yet.
▼ + stars: | 2022-12-15 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Tech workers who survived layoffs this year will likely face tougher performance reviews next year. From Meta to Salesforce, tech firms across the board are looking to tighten their belts further in 2023 using a tactic unpopular with workers: stack ranking. Buckley noted that scenarios like this make it easier for companies to offer increasingly vague notions of what counts as low performance. Last week, Insider reported that the number of people finding themselves in the lowest-performance categories come annual performance reviews in January will roughly double. Buckley said those who remain will likely have to meet higher expectations — Salesforce teams, for example, have been given higher sales targets.

☆ Stocks making the biggest moves after hours: Salesforce, Snowflake, Costco, Five Below and more
▼ + stars: | 2022-11-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Snowflake — The cloud stock tumbled 6% after hours on light product revenue guidance despite a top and bottom line beat. Snowflake said it expects revenue to come in between $535 million and $540 million in the fourth quarter, below estimates of roughly $553 million, according to StreetAccount. Victoria's Secret — The women's apparel maker's stock dove as much as 5% after hours on a disappointing fiscal fourth-quarter earnings forecast. PVH topped Wall Street's earnings and revenue expectations, saying it expects full-year revenues to hit the higher end of its expected range. Revenue guidance, however, came in lighter than expected.

☆ The rise of Snowflake created a hole in Salesforce's long-dominant ecosystem, and now startups are rushing in to seize the opportunity
▼ + stars: | 2022-11-14 | by ( Matthew Lynley | ) www.businessinsider.com time to read: +6 min

A new category called "reverse ETL" is emerging as startups race to fill a gap created by Snowflake. But in recent years, a substantial shift has emerged in the way companies manage their data, dovetailing with the rise of cloud providers like Snowflake and Databricks. How reverse ETL was born to fill a hole that Salesforce left wide openThe notion of a reverse-ETL pipeline isn't necessarily new. The future of reverse ETL might not be where it startedMany investors who did not invest in reverse ETL who spoke with Insider said they were surprised the friction was so large that it was able to support a single company, much less three. "We partner with great tools like Hightouch and Census for reverse ETL to SaaS applications."

☆ Stocks making the biggest moves midday: Hasbro, Salesforce, Carnival, Lockheed Martin & more
▼ + stars: | 2022-10-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Hasbro — Shares of the toy company dipped 2.3% after the company reported third-quarter earnings that missed expectations. Salesforce — Salesforce shares gained 5.2% after Starboard Value revealed to CNBC that it has taken a "significant" stake in the software giant. Carnival Corporation — Shares of the cruise company jumped more than 12% after one of Carnival's subsidiaries began an offering of $1.25 billion of senior priority notes due 2028. Goldman Sachs — Goldman Sachs rallied 3% after beating third-quarter analyst expectations for profit and revenue on better-than-expected trading results. Lockheed Martin — Shares of the aerospace company jumped 8.5% after Lockheed reported third-quarter earnings of $6.87 per share excluding items, which was higher than a Refinitiv estimate of $6.66 per share.

☆ Salesforce's next big thing is a major push to keep its data at the center of a market increasingly dominated by firms like Snowflake
▼ + stars: | 2022-09-22 | by ( Matthew Lynley | ) www.businessinsider.com time to read: +8 min

But many tools, like Snowflake, have emerged to make Salesforce data points one of many in analytics. And Salesforce on Tuesday said it is launching a direct integration with Amazon's machine learning tool SageMaker to support custom machine learning models. At its Tableau keynote, Salesforce emphasized the company's Einstein integrations with Snowflake, with the presentation working with Snowflake data. And with these moves, Salesforce is ensuring the analysis and usage of Salesforce data and its results can remain inside Salesforce's sphere of influence. It enables organizations to connect other data lake tools and operate Salesforce data.

☆ 3 of our big tech companies are holding events this week. Here’s what we’re looking for
▼ + stars: | 2022-09-20 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Three of our Club holdings — Salesforce (CRM), Nvidia (NVDA) and Qualcomm (QCOM) — will be hosting events this week that we believe have the potential to be catalysts for their stocks. However, it did announce a new $10 billion repurchase program and reiterated a commitment to disciplined margin, cash flow, and revenue growth. Nvidia Nvidia faces a video gaming chip glut and new license requirements that could put China sales at risk. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

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