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Game-changing female leadership is a topic that is close to my heart, and I'm thrilled to announce a new annual list at CNBC, Changemakers: Women transforming business. The list will highlight 40 trailblazing women who have accomplished meaningful achievements in the past year, women from companies and organizations across all sectors of the economy, including philanthropic organizations. Together, we will highlight how today's successful women leaders are taking novel approaches to old business problems and identifying new business opportunities. To help us identify a diverse and inclusive list, we have created an advisory board of experienced leaders across the business and philanthropic space. CNBC Changemakers are the new icons rewriting the rules and shaping the dynamic business landscape.
Persons: I'm, I've, — Joanne Bradford, Desiree Gruber —, Marcela Miguel Berland, Tory Burch, Burch, Emma Carrasco, Corporate Affairs Srikant Datar, Harvard Business School Dean Karen Finerman, Beth Ford, Ken Frazier, Desiree Gruber, Kris Jenner, Oscar Munoz, Laurene Powell, Emerson, Sheryl Sandberg, Stacy Smith Organizations: CNBC, Fortune, Tory, NBCUniversal, Corporate Affairs, Harvard Business School, Metropolitan Capital, Catalyst's Health, Merck, United Airlines, OptionB.org, Annenberg, CNBC Changemakers Locations: Silicon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMoney in A.I. is made by 'picks and shovels' like Nvidia: Metropolitan Capital's Karen FinermanKaren Finerman, Metropolitan Capital president, joins 'Squawk Box' to discuss the latest market trends, banks, and more.
Persons: Karen Finerman Karen Finerman Organizations: Nvidia, Metropolitan, Metropolitan Capital
While Alibaba announced it would split its company as a move "designed to unlock shareholder value and foster market competitiveness," " Fast Money " traders aren't so sure about buying the stock. The Chinese tech giant announced Tuesday it would divide its company into six business groups. BABA 1D mountain Alibaba stock However, a couple of the "Fast Money" traders are hesitant as to whether the stock is now a good play. This is a wait-and-see moment," said Tim Seymour, founder and chief investment officer of Seymour Asset Management. She said that while sentiments with Chinese tech companies could potentially have bottomed out, she is unsure how the split will be executed.
In the first quarter of 2023, the S & P 500 is up more than 3%. .SPX YTD mountain S & P 500 YTD However, the "Fast Money" traders said investors are failing to price in tightening credit conditions, as well as a weaker macro environment, ahead of first quarter earnings — particularly in the tech sector. Nathan said consensus estimates for tech stocks are elevated, even as those companies contend with a higher interest rate and inflationary environment. Similarly, investors piled into mega-cap tech stocks after the recent banking crisis, citing their "stability," Grasso said. Trader Karen Finerman was less negative on the sector, saying supply chain issues and a pullback in the stronger dollar have eased this year, weighing less on mega-cap tech stocks.
Shares of FedEx were moving higher after the bell on Thursday after a solid fiscal third-quarter report, and it is catching up to rival UPS , according to the traders on CNBC's " Fast Money ." The shipping company reported $3.41 in adjusted earnings per share, above the $2.73 per share expected by analysts, according to Refinitiv. Prior to this latest earnings report UPS had a forward price to earnings ratio of 15.8, while FedEx was at 12.0, according to FactSet. And one thing FedEx has is a little more international exposure, which is probably a good thing. To the extent that China opens, they have a little more exposure than UPS outside the United States," she said.
Home Depot is down for the year, but Tim Seymour still likes the home improvement name. The founder and chief investment officer of Seymour Asset Management also said it's cheaper than competitor Lowe's , on CNBC's " Fast Money " Tuesday night. Home Depot posted its quarterly results in February, falling short of analysts' expectations on revenue , according to Refinitiv. Fellow "Fast Money" panelist Karen Finerman, founder and CEO of Metropolitan Capital Advisors, said she's invested in both stocks. The comments came after homebuilder Lennar reported its latest quarterly financial results , beating analysts' estimates for earnings and revenue, according to Refinitiv.
Salesforce 's strong earnings results should give CEO Marc Benioff some relief from ongoing activist pressure at the cloud software firm. "This gives him definitive breathing room right now," Steve Grasso, CEO of Grasso Global, said Wednesday on CNBC's " Fast Money ." Salesforce shares surged 15% in extended trading Wednesday after the cloud software maker beat expectations on the top and bottom lines , and issued a better forecast than Wall Street was expecting. Salesforce in recent months has faced increasing activist pressure from firms such as Elliott Management, Third Point and Starboard Value. To be sure, the strong results may not help Benioff for long, the "Fast Money" traders said.
Boeing was ripe for a pullback even before Thursday's reveal of a delivery halt for one of its planes, according to traders on CNBC's " Fast Money ." That will likely put pressure on the stock while the issue is being resolved, said "Fast Money" trader Guy Adami. So that's what we're going to see here," said Adami, who is the director of advisor advocacy at Private Advisor Group. "The stock probably got itself a little expensive as well. … I think it probably goes lower from this $202 level we're seeing right now," Adami added.
Google parent Alphabet sold off this week after its artificial intelligence (AI) event disappointed investors, prompting traders on CNBC's "Fast Money" to make moves on the stock. Karen Finerman, CEO of Metropolitan Capital, said she sold about 15% of her position in Alphabet this week amid the sell-off, citing increased competition in AI technologies. She said she still owns a big position in Alphabet, about 10% of her portfolio, even after the latest sale. Shares of Alphabet have tumbled more than 9% this week, on track to post their worst week since November. "Google is a company that's been in AI for eight years."
That showed activist investor Nelson Peltz may not be needed at Disney, said Steve Grasso, CEO of Grasso Global on CNBC's " Fast Money " Wednesday evening. "And with him there … you don't need Nelson Peltz. If he was not there, then you need Nelson Peltz in the room." Metropolitan Capital Advisors' Karen Finerman also said on "Fast Money" that the message to Disney shareholders was clear. Other top traders on "Fast Money" disagreed, saying the company will continue to face challenges.
The " Fast Money " traders are looking to capitalize on the rising yields in money market funds and dividend-paying stocks. The largest taxable money market funds, as ranked on Crane Data's 100 list, are yielding an average 4.18% as of Feb. 2 — returns not seen since the financial crisis. Money market funds jumped to an all-time record $4.82 trillion in total assets the week ended Feb. 1, according to the Investment Company Institute. Higher-return dividend payers, which carry more risk, may be an option for investors looking for safety right now, too. "I won't hold it against them, however, if they do have a great dividend," Finerman added.
Big Tech stocks Amazon , Apple and Alphabet reported earnings Thursday night. "Ultimately, I think that this was a dodged bullet," Munster said on CNBC's " Fast Money ." "Apple is probably best positioned of the three to exceed the March quarter," Munster said. The company beat revenue expectations for the quarter , according to Refinitiv, but reported its slowest year of growth in its time as a public company. "When we look at the three tonight, Google was the one that had the highest growth rate relative to expectations," Munster said.
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