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☆ Stocks making the biggest moves midday: Walmart, Deere, Meta, Chubb and more
▼ + stars: | 2024-05-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The company said it now expects net income of roughly $7 billion, down from a range of $7 billion to $7.5 billion. Walmart — Shares rallied nearly 6% after the company reported adjusted first-quarter earnings of 60 cents per share, topping the 52 cents expected from analysts polled by LSEG. Chubb — Shares of the insurance company advanced nearly 4% after Warren Buffett's Berkshire Hathaway revealed Chubb was the confidential stock the conglomerate had been purchasing for two straight quarters. Berkshire bought nearly 26 million shares for about $6.7 billion, making it the second-largest holder in Chubb, according to a regulatory filing. GameStop , AMC — The meme stocks retreated for a second day following a speculative rally in the beginning of the week.

Persons: Chubb, Warren Buffett's Berkshire Hathaway, Goose, GoodRx, Raymond James, Samantha Subin, Alex Harring, Yun Li, Pia Singh Organizations: European Union, Facebook, Deere — Deere, Walmart —, LSEG, Revenue, Walmart, Berkshire, GameStop, AMC, UBS, AIG, Nippon Life Locations: Corebridge

☆ Stocks making biggest moves premarket: Under Armour, Walmart, AMC, GameStop, Canada Goose and more
▼ + stars: | 2024-05-16 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Under Armour — The sportswear maker's Class A shares slumped 11% and its Class C stock fell 9% after it issued lower-than-expected full-year earnings guidance. Under Armour now expects earnings in the range of 18 cents to 21 cents while analysts polled by FactSet had forecast 59 cents. Cisco Systems also hiked its 2024 revenue guidance, saying it now expects revenue of $53.7 billion at the midpoint of a range. Meme stocks — Shares of AMC and GameStop extended losses following the revival of the meme stock movement on Monday and Tuesday. Baidu reported CNY 31.51 billion ($4.7 billion) of revenue, topping the CNY 31.34 billion expected by analysts, according to StreetAccount.

Persons: Armour, FactSet, Goose, Warren Buffett's Berkshire Hathaway, Chubb, Deere, GoodRX, Raymond James, John Ransom, Coupang, Tesla, — CNBC's Michelle Fox, Hakyung Kim, Sarah Min, Samantha Subin, Jesse Pound Organizations: Walmart, Wall, LSEG, Revenue, —, Berkshire, Cisco Systems, AMC, GameStop, Deere, Company, Baidu, UBS, ISI, European Union, Facebook Locations: Krakow, Poland, The Seattle

☆ Stocks making the biggest moves after hours: Chubb, Cisco Systems, Palo Alto Networks and more
▼ + stars: | 2024-05-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Chubb became Berkshire's ninth biggest holding at the end of March, according to a new regulatory filing. AST SpaceMobile — Shares rocketed 33%. Cisco Systems — Shares jumped nearly 5% after the IT giant reported fiscal third-quarter adjusted earnings of 88 cents per share on revenues of $12.70 billion. The results topped analysts' estimates for earnings of 82 cents per share on revenues of $12.53 billion, according to LSEG. Palo Alto Networks — The cybersecurity company saw its stock rise 1% after announcing it will buy cloud security software assets from IBM .

Persons: Chubb, Berkshire Hathaway, Riley, Hawkins —, — CNBC's Scott Schnipper Organizations: AST, Cisco Systems —, Riley, Management, Alto Networks, IBM, Palo Alto Locations: Zurich, Los Angeles, Hawkins — The Minnesota, Palo

Three days after Donald J. Trump posted a $91.6 million bond in the defamation case he lost recently to the writer E. Jean Carroll, her lawyer on Monday suggested she was considering filing yet another defamation lawsuit against the former president. The lawyer raised the prospect of a new lawsuit after Mr. Trump in recent days repeatedly lashed out at Ms. Carroll, using the same kind of disparaging language that led to the huge judgment against him in January. “The statute of limitations for defamation in most jurisdictions is between one and three years,” Roberta A. Kaplan, Ms. Carroll’s lawyer, said in a statement Monday morning. “As we said after the last jury verdict, we continue to monitor every statement that Donald Trump makes about our client.”In a separate court filing, Ms. Kaplan told the federal judge overseeing the case that she and Mr. Trump’s lawyers had reached an agreement on the details of his proposed $91.6 million bond. The bond — provided by Federal Insurance Company, an arm of the insurance giant Chubb — will prevent Ms. Carroll from collecting her multi-million-dollar judgment while Mr. Trump appeals the defamation verdict.

Persons: Donald J, Trump, Jean Carroll, Carroll, ” Roberta A, Kaplan, Donald Trump, Chubb Organizations: Federal Insurance Company

☆ Donald Trump posts $92 million bond just 3 days before he'd be forced to fork the actual cash over to E. Jean Carroll
▼ + stars: | 2024-03-08 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +3 min

Read previewFormer President Donald Trump has posted a bond that will stop E. Jean Carroll from being able to collect $83.3 million from a defamation judgment against him. Trump agreed to the terms of the bond with the Federal Insurance Co. on Tuesday, according to documents filed in court Friday. Trump would have shopped around for the lowest premium, and there may have been more than one carrier competing for his business, Pedersen said. Mandatory costs and interest raise the bond by a standardized 111% above the original judgment in federal cases, Pedersen said. Trump has already put the $5 million in damages he owes in that case into a court-controlled account as he pursues appeals.

Persons: —, Donald Trump, Jean Carroll, Trump, Chubb —, Chubb, Neil Pedersen, Pedersen, Lewis Kaplan, Kaplan, They're, Carroll Organizations: Service, Trump, Business, Federal Insurance Co, Sons, New Locations: Manhattan, New York

☆ Stocks making the biggest moves premarket: Rivian, SolarEdge, Sphere Entertainment and more
▼ + stars: | 2023-10-02 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Sphere Entertainment — The stock jumped more than 7% after the entertainment and media company opened its Sphere venue in Las Vegas with a show from U2 on Friday night. Insulet — Shares gained 3.4% in premarket trading. Sunnova Energy International — UBS initiated coverage of the solar company with a buy rating, sending shares up 1.5% in premarket trading. Clorox — The consumer products company rose 3.3% in premarket trading after D.A. AMC Entertainment — Shares of the entertainment company moved up 2% before the bell after it announced that Renaissance: A Film by Beyoncé, would be distributed in the U.S. in December.

Persons: Jefferies, Sunnova, Clorox, Davidson, Beyoncé, Goldman Sachs, Chubb —, — CNBC's Michelle Fox, Lisa Han, Jesse Pound Organizations: ISI, Rivian Automotive, Sunnova Energy, — UBS, AMC, SolarEdge Technologies, Barclays, Nvidia, FedEx, Susquehanna, JPMorgan, Chubb Limited Locations: Las Vegas , Nevada, United States, Las Vegas, U.S

☆ Stocks making the biggest midday moves: Microsoft, Alphabet, Boeing and more
▼ + stars: | 2023-07-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Microsoft — The Xbox owner saw its shares slide 3.7% after issuing quarterly revenue guidance that fell short of analysts' expectations. Microsoft did report earnings and revenue that beat Street estimates for the calendar second quarter, however. Alphabet — Shares of the Google parent rose 5.8% after Alphabet beat analysts' revenue and profit in the second quarter. Boeing's revenue of $19.75 billion topped analysts' estimates of $18.45 billion, according to Refinitiv. The company also reported an 82-cent-loss per share, while Refinitiv analysts had estimated a loss of 88 cents per share.

Persons: Refinitiv, Morgan Stanley, Lauren Schenk, Chubb, Spotify's, selloff, PacWest, Warburg Pincus Organizations: Microsoft, YouTube, Boeing, Texas, Texas Instruments, FactSet, Visa, Spotify, Deutsche Bank, Warburg, Centerbridge Locations: Banc, California

☆ Unsure about the market rally? Strategist picks 3 stocks to stay ‘defensively offensive’
▼ + stars: | 2023-02-20 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

"There are basically two stories in the market today," Rahul Ghosh, portfolio specialist, equity division at T. Rowe Price, told CNBC's "Street Signs Asia" on Thursday. Be 'defensively offensive' In this environment, Ghosh said investors should look to be "almost defensively offensive." Stock Ideas One of Ghosh's top stock picks is chip maker Nvidia , which he described as a "clear winner" in the artificial intelligence "arms race." We're talking about slowing from 50% growth rate to 30%, and potentially picking up next year. Are we going to potentially slow down and have a hard landing, a no landing, or a soft landing?

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