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☆ Lightning Round: Stay away from Unity Software, says Jim Cramer
▼ + stars: | 2024-06-14 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Stay away from Unity Software, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Vistra, Novavax, Twilio, H.B. Fuller, Ardagh Metal Packaging, and SoFi.

Persons: Jim Cramer, Fuller Organizations: Unity Software, Packaging

☆ Cramer's Lightning Round: 'Let's stay away' from Unity Software
▼ + stars: | 2024-06-14 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Vistra's year-to-date stock performance. "Stock Chart Icon Stock chart icon Novavax's year-to-date stock performance. Stock Chart Icon Stock chart icon Twilio's year-to-date stock performance. Stock Chart Icon Stock chart icon H.B. Stock Chart Icon Stock chart icon Unity Software's year-to-date stock performance.

Persons: it's, Fuller, It's, Let's Organizations: Unity Software, Ardagh Locations: Fuller's

☆ Meme stocks are having a moment, but the broader market is rallying as well
▼ + stars: | 2024-05-14 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Meme stocks are having a moment, but the broader market is rallying as well. While GameStop's 74% rally got a lot of attention Monday ( "meme stocks are back!" ), the evidence indicates that a broad rally is dragging up a lot of stuff that hasn't been performing well this year. The S & P 600 Small Cap advance/decline is also near the highest levels since December, while the S & P Mid Cap 400 advance/decline line is at a new high. So when you hear the tired old refrain, "meme stocks are back," take a look at the rest of the market.

Persons: hasn't, Marko Kolanovic, Morgan, BoE, Ryan Detrick Organizations: Fed, ECB, Intel, Nike, Comcast, ChargePoint Holdings, CRISPR Therapeutics, Unity Software, Carson Group, CNBC

☆ Stocks making the biggest moves premarket: Yelp, Sweetgreen, Novavax, Akamai Technologies and more
▼ + stars: | 2024-05-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Akamai Technologies — Shares of the cloud company fell more than 10% after issuing weak guidance for the second quarter. Akamai sees adjusted earnings ranging from $1.51 to $1.56 per share on revenue of $967 million to $986 million. Sweetgreen — The salad chain popped 5% after Sweetgreen reported first-quarter revenue of $158 million, topping the LSEG consensus estimate of $152 million. Analysts polled by FactSet called for a loss of 4 cents a share on revenue of $141.2 million. The DNA testing company posted a loss of 56 cents per share, while analysts had estimated a loss of 71 cents, per StreetAccount.

Persons: Akamai, Sweetgreen, Array's, FactSet, Bumble, StreetAccount, LSEG, Sanofi, Yelp's, Macheel, Jesse Pound, Michelle Fox Organizations: LSEG, —, Gen, Revenue, Management, Unity Software, HSBC, 3M Locations: Norton

☆ Jim Cramer is a 'huge fan' of Akamai — not for content delivery but for a hidden jewel
▼ + stars: | 2024-05-10 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +1 min

Akamai : Shares dropped more than 7% after the company missed quarterly earnings on content delivery network weakness. "I'm a huge fan of Akamai," Jim Cramer said Friday. "Buried within this company, almost 50% of the company, is a jewel of a cybersecurity company." Array Technologies : The solar company reported a strong quarter, highlighted by an unexpected profit. Unity Software : The platform for creating interactive content had a mixed quarter: a sales beat and an earnings miss.

Persons: Jim Cramer's, Jim Cramer, Cramer, wasn't, Nextracker, Unity, hasn't, Matt Bromberg Organizations: CNBC, Club, Technologies, Unity Software, Zynga

☆ Stocks making the biggest moves midday: Novavax, Taiwan Semiconductor, Sweetgreen and more
▼ + stars: | 2024-05-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Sweetgreen — Sweetgreen popped 36% after surpassing first-quarter revenue expectations. The company also raised its full-year guidance for revenue and adjusted earnings before interest, taxes, depreciation and amortization. Array's first-quarter adjusted earnings came in at 6 cents per share on revenue of $153.4 million. Victoria's Secret — Shares rose almost 6% after the intimate apparel maker reported better-than-expected preliminary first-quarter results and reaffirmed its guidance. Mettler-Toledo posted first-quarter adjusted earnings of $8.89 per share on revenue of $925.9 million.

Persons: Sanofi, Sweetgreen, LSEG, Array's, FactSet, Natera, Insulet, JFrog, Yun Li, Michelle Fox, Brian Evans, Hakyung Kim, Darla Mercado Organizations: French, Taiwan Semiconductor Manufacturing, Unity Software, LSEG, Technologies, Akamai Technologies, Revenue, —, Norton, Citi, Toledo —, Mettler Locations: Toledo

☆ Stocks making the biggest moves after hours: Yelp, Sweetgreen, Akamai Technologies and more
▼ + stars: | 2024-05-09 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The company reported first-quarter earnings of 20 cents a share, surpassing analysts' estimates of 6 cents a share, per LSEG. Sweetgreen — The salad chain popped 5% after Sweetgreen reported first-quarter revenue of $158 million, topping the LSEG consensus estimate of $152 million. Akamai sees adjusted earnings ranging from $1.51 to $1.56 per share on revenue of $967 million to $986 million. Insulet — The medical device company fell 5% even after Insulet posted first-quarter earnings and revenue that topped expectations. Insulet posted earnings of 73 cents per share, greater than the FactSet consensus estimate of 40 cents earnings per share.

Persons: Sweetgreen, Akamai, LSEG, Array's, FactSet, Dropbox, Insulet, Darla Mercado Organizations: Revenue, Akamai Technologies, Unity Software, LSEG, Gen, Norton

☆ Interest rates and the AI-fueled rally remain top of mind for stock investors in the week ahead
▼ + stars: | 2024-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +9 min

The Fed and economic policy were top of mind this week given the central bank's Wednesday decision to yet again leave interest rates unchanged , as it has since last summer. This week included the conclusion of April's trading month, which marked the first down month of the year for all three major market averages. Indeed, some recent earnings reports have raised doubts about the economy, with brands from McDonald's and Starbucks evidencing signs of strain among consumers. While no new inflation numbers are scheduled for release next week, investors will see reports on March wholesale inventories, March consumer credit and May consumer sentiment from the University of Michigan. AI trade Though interest rates took center stage this week, investors also continued monitoring companies tied to the artificial intelligence boom amid the stocks' recent choppiness.

Persons: they're, Jerome Powell, Larry Tentarelli, David Donabedian, Sam Stovall, There's, Stovall, Tom Hainlin, Tentarelli, CFRA's Stovall, Lyft, Cabot, Aramark, Tempur Sealy, Nikola, Walt Disney, Sally Beauty, Warby Parker, Krispy Kreme, Papa John's Organizations: Federal Reserve, Treasury, Nasdaq, Dow Jones, CIBC Private Wealth, Dow, CFRA, Citigroup, Bank of America, U.S, Bank Wealth Management, University of Michigan, Nvidia, Disney, Spirit Airlines, Tyson Foods, Pharmaceuticals, Lucid, Palantir Technologies, Simon Property, Tech, Lab, Goodyear Tire, Noble Corp, Vornado Realty, Coty, BellRing, Consumer, UBS, BP, Nintendo, Bloomin, Duke Energy, Rockwell Automation, Ferrari, NRG Energy, Electronic Arts, Cirrus, Adaptive Biotech, Arista Networks, Dutch Bros, Holdings, Virgin Galactic, IAC, Rivian Automotive, Brighthouse, Occidental Petroleum, Assurant, Kinross Gold, Labs, Diamond, Reddit, Anheuser, Busch InBev, Embraer, Health, United Parks & Resorts, Emerson Electric, Brookfield , New York Times, Food, Reynolds Consumer Products, Teva Pharma, Uber Technologies, Dine Brands, Liberty Broadband, Fox Corp, Cushman &, Liberty Media, Arm Holdings, Kodiak Gas Services, Solaredge Technologies, AMC Entertainment, Cheesecake, News Corp, Toyota Motors, Fair, US Foods, Hyatt Hotels, Warner Bros, Hilton, Warner Music Group, Unity Software, Insurance, Gen, Honda, AMC Networks Locations: Central, McDonald's, Expeditors, Occidental, Angi, Brookfield , New, Ambev, Cushman & Wakefield, Michigan

☆ Investors are ramping up their exits from Cathie Wood's ARK after an epic 72% decline in her flagship fund
▼ + stars: | 2024-04-23 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Investors are ramping up outflows from Cathie Wood's ARK funds after a three-year decline. The suite of ARK ETFs has seen net outflows of $2.2 billion so far this year, triple the outflows in 2023. AdvertisementInvestors in Cathie Wood's ARK ETFs are starting to increase the pace of outflows after a string of bad bets and a painful three-year decline. The ARK ETFs' combined assets under management stand at $11.1 billion, down 81% from its peak AUM of $59 billion in 2021. This dynamic — the sharp decline in ARK funds while the broader stock market hits record highs — was highlighted by Morningstar earlier this year.

Persons: —, Morningstar, Amy Arnott, Wood, Tesla Organizations: Service, Innovation, Morningstar, Nvidia, Unity Software

☆ Cramer's Lighting Round: Arm is a buy
▼ + stars: | 2024-03-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Raymond James Financial's year-to-date stock performance. Stock Chart Icon Stock chart icon Arm's year-to-date stock performance. Arm : "I like Arm very much [buy, buy, buy!]." Stock Chart Icon Stock chart icon Unity Software's year-to-date stock performance. Stock Chart Icon Stock chart icon Teva's year-to-date stock performance.

Persons: Raymond James Financial's, Raymond James Financial, it's, let's, Jim Whitehurst, Whitehurst, I've, Comstock, Electric's, I'm, Lilly, SoundHound, Jim Cramer's Organizations: JPMorgan, Unity Software, Comstock Resources, General, Novo, Novo Nordisk Locations: Teva

☆ Laid-off techies face 'sense of impending doom' with job cuts at highest since dot-com crash
▼ + stars: | 2024-03-15 | by ( Alex Koller | ) www.cnbc.com time to read: +12 min

Last month's job cut count was the highest of any February since 2009, when the financial crisis forced companies into cash preservation mode. CNBC spoke to a dozen people who have been laid off from tech jobs in the past year or so about their experiences navigating the labor market. Additionally, some listings required applicants to have advanced degrees or professional experience in machine learning and artificial intelligence, a new development in Croisant's experience on the job market. "It is a combination of how well you brand yourself, about your access through networking to any given position — to the hidden job market." Still, Powers said she's trying to stay optimistic, "because giving up is not going to get me a job."

Persons: Ed Jones, Allison Croisant, Croisant, Roger Lee, Layoffs.fyi, Lee, I'm, Powers, who's, Tayfun, Christopher Fong, Fong, Michael Kascsak, Kascsak, It's, Lee of Layoffs.fyi, Amit Mittal, Amit Mittal Amit Mittal, Mittal, he's, Bill Vezey, —, Vezey, She's, would've, she's, Jennifer Elias Organizations: Afp, Getty, PayPal, Meta, Microsoft, eBay, Unity Software, SAP, Cisco, Wall, CNBC, Google, Anadolu Agency, Nationwide Locations: New York, Omaha , Nebraska, Comprehensive.io, Natchez , Mississippi, View , California, United States, Austin , Texas, U.S, who's, India, Chicago, Santa Cruz , California

☆ Cramer's Lighting Round: New Fortress Energy is a buy
▼ + stars: | 2024-03-06 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Palantir's year-to-date stock performance. Stock Chart Icon Stock chart icon UiPath's year-to-date stock performance. Stock Chart Icon Stock chart icon Schlumberger's year-to-date stock performance. Stock Chart Icon Stock chart icon New Fortress Energy's year-to-date stock performance. New Fortress Energy : I want you to buy it [buy, buy, buy!]."

Persons: I'm, Jim Whitehurst Organizations: Schlumberger, HAL, Unity Software, New Fortress Energy

☆ Lightning Round: Palantir can go higher from here, says Jim Cramer
▼ + stars: | 2024-03-06 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Palantir can go higher from here, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Palantir, UiPath, SLB, Unity Software and New Fortress Energy.

Persons: Jim Cramer Organizations: Unity Software, New Fortress Energy

☆ Why some adtech companies are soaring even as the end of cookies threatens to crush the industry
▼ + stars: | 2024-03-01 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

Read previewThere's a lot of doom and gloom in the digital ad industry, but a handful of adtech firms are showing surprising growth. But advertisers are also bracing for Google to kill third-party cookies in Chrome browsers at the end of this year. AdvertisementThe death of third-party cookies is loomingHowever, adtech firms are also bracing for the death of third-party cookies this year, and the loss of third-party cookies isn't accurately shown in companies' earnings yet. Google killed 1% of third-party cookies from Chrome in January and plans to stop supporting them by the end of the year. Adtech firms including The Trade Desk and PubMatic haven't estimated the potential impact of cookies, but both cite cookies as risk factors in their annual reports.

Persons: —, Magnite, Mark Wright, Wright, Rajeev Goel, PubMatic, Goel, Prohaska Consulting's Wright, Criteo, haven't, Todd Parsons Organizations: Service, Trade, Business, Google, Prohaska Consulting, Unity Software, CTV

☆ Stocks making the biggest moves midday: Norwegian Cruise Line, Unity Software, Viking Therapeutics and more
▼ + stars: | 2024-02-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Norwegian Cruise Line — The cruise ship operator soared 18% on strong forward guidance. Unity expects adjusted EBITDA to range between $45 million and $50 million, versus the $113 million expected by analysts polled by FactSet. Viking Therapeutics — The clinical-stage biotech soared more than 90% after fulfilling primary and secondary endpoints in its Phase 2 GLP-1 study. Earnings came in at $1.57 per share, beating expectations of $1.47 per share, according to LSEG, formerly known as Refinitiv. Revenue of $1.92 billion matched analysts' expectations.

Persons: Viking, LSEG, Cava, Wells, Duolingo, CarGurus, — AutoZone, Microstrategy, —, Sarah Min, Michelle Fox, Alex Harring, Jesse Pound, Yun Li Organizations: Cruise, Unity Software, FactSet, Therapeutics, Hess Corporation, Chevron, Exxon Mobil, China's, Offshore Oil Corp, Hess, Bank of America Securities, Seaport Research Partners, CleanSpark Locations: Cava

☆ Stocks making the biggest moves premarket: Unity Software, Cava, Zoom Video, Viking Therapeutics and more
▼ + stars: | 2024-02-27 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Unity Software — Shares tumbled 15% after the video game developer forecasted that adjusted EBITDA would come in below analysts' expectations for the current quarter. Analysts polled by FactSet had expected $113 million in EBITDA, while Unity is expecting only between $45 million to $50 million. Workday's adjusted earnings came in at $1.57 a share, higher than the $1.47 expected by analysts polled by LSEG. AutoZone's earnings of $28.89 per share topped the $26.28 per share analysts had anticipated, according to LSEG. The company's $3.85 billion revenue was also higher than the anticipated $3.84 billion.

Persons: FactSet, LSEG, CarGurus, they'll, AutoZone, EBITDA, Wells, — CNBC's Michelle Fox, Tanaya Macheel, Sarah Min, Jesse Pound Organizations: Unity, LSEG, FactSet, PPG, Barclays, PPG Industries, FDA Locations: EBITDA, Cava, Wells Fargo, U.S, Canada

☆ Jim Cramer says Wall Street initially got Lowe's quarter and guide wrong. Here's why
▼ + stars: | 2024-02-27 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Cramer said Stanley Black & Decker , a holding the CNBC Investing Club portfolio, is a buy off these Lowe's numbers. Macy's : The department store chain reported better than expected quarter but offered conservative guidance that missed forecast. Competitor Applovin is kind of crushing Unity, Cramer said. Workday : The provider of enterprise cloud applications for finance and human resources reported a better-than-expected quarter but its guidance was softer. Cramer said Workday, ServiceNow and Club holding Salesforce are the "three best software-as-a-service companies in the world."

Persons: Jim Cramer's, Marvin Ellison, Jim Cramer, Cramer, Stanley Black, Decker, Jeff Gennette, Tony Spring, There's, Kelly Steckelberg Organizations: CNBC, Club, Costco, Unity Software, Unity

☆ Unity shares sink on weak guidance
▼ + stars: | 2024-02-26 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Unity Software shares plummeted 17% in extended trading on Monday after the gaming software company issued weaker-than-expected guidance for the current quarter. The company said going forward, it would only provide revenue guidance for its "strategic portfolio," which includes its engine, cloud and monetization business units. The company said first-quarter guidance for its strategic portfolio would come in between $415 million and $420 million. "We are right sizing our cost structure to grow from a healthy financial position," Unity said in a shareholder letter. WATCH: Unity Software cutting 25% of workforce

Persons: Unity, John Riccitiello, James Whitehurst, Riccitiello's Organizations: Unity Software, Luna, Red Hat, Unity, Software

☆ Stocks making the biggest moves after hours: Workday, Zoom, CarGurus, Unity Software and more
▼ + stars: | 2024-02-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Workday — Shares tumbled 9% following the enterprise software company's fourth-quarter earnings report. Workday also reiterated its subscription revenue guidance for the 2025 fiscal year. Zoom Video — The video-conferencing stock surged 11% on the back of a better-than-expected fourth quarter earnings report. Unity said to expect between $45 million $50 million, well under the $113 million consensus estimate of analysts polled by FactSet. Staar posted 16 cents in earnings per share, missing analysts' estimate of 17 cents per share, according to FactSet.

Persons: CarGurus, LSEG, amortization, Unity, Staar Organizations: LSEG, Unity Software, FactSet

☆ S&P 500 futures are little changed after index slips from record: Live updates
▼ + stars: | 2024-02-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

S&P 500 futures are near flat Monday night as the market rally took a breather. Futures tied to the broad index and Nasdaq 100 futures both traded near flat. Those moves follow a losing day on Wall Street that pulled the Dow and S&P 500 off record highs seen last week. The Dow and S&P 500 slipped 0.16% and 0.38%, respectively, while the technology-heavy Nasdaq Composite inched lower by 0.13%. "You're digesting so much of what happened last week with big earnings, and then you have big data on the horizon."

Persons: Ross Mayfield, Baird, They'll, Mayfield Organizations: New York Stock Exchange, Dow Jones, Unity Software, Dow, Walgreens Boots Alliance, Virgin Galactic, PCE Locations: New York City, U.S, PCE

☆ Lightning Round: Ford stock is 'stalled', says Jim Cramer
▼ + stars: | 2024-02-21 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Ford stock is 'stalled', says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Disney, Intuitive Machines, Zscaler, Super Micro Computers, Ford and Unity Software.

Persons: Jim Cramer Organizations: Micro Computers, Ford, Unity Software

☆ Cramer's Lightning Round: Zscaler is a buy
▼ + stars: | 2024-02-21 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Disney's year-to-date stock performance. Stock Chart Icon Stock chart icon Intuitive Machines' year-to-date stock performance. Stock Chart Icon Stock chart icon Zscaler's year-to-date stock performance. Stock Chart Icon Stock chart icon Ford's year-to-date stock performance. Stock Chart Icon Stock chart icon Unity Software's year-to-date stock performance.

Persons: Jim Cramer's Organizations: Unity Software

☆ The tech sector is pouring billions of dollars into AI. But it keeps laying off humans
▼ + stars: | 2024-01-13 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +6 min

More than 5,500 tech layoffs less than two weeks into 2024The latest rounds of tech job cuts are occurring across a range of roles and in both Big Tech companies and smaller startups. There were some 262,682 tech industry layoffs recorded in 2023, per Layoffs.fyi data, after 164,969 cuts the previous year. Against that backdrop, the tech industry went on a remarkable hiring spree. Disparate impacts of tech job cuts come under scrutinyAs the tech industry layoffs continue, labor advocates and even lawmakers are taking notice. “Recent findings have consistently shown that minorities and women are vastly overrepresented in industry layoffs,” the letter said.

Persons: Roger Lee, Lee, Dropbox, Goldman Sachs, Parul, Koul, ”, Emanuel Cleaver, Missouri, Barbara Lee of, Julie Su Organizations: CNN, Big Tech, Tech, Google, Unity Software, ”, Chegg, IBM, Alphabet Workers, CWA, Democratic, American, Labor, Department of Labor Locations: Silicon Valley, Barbara Lee of California

The Discord app is seen on an iPhone in this photo illustration in Warsaw, Poland, on April 3, 2021. Discord will lay off 17% of the company's workforce, which equates to 170 employees, a spokesperson confirmed Thursday. Discord, which ranked 18th on CNBC's Disruptor 50 list for 2023, was valued at about $15 billion in 2021 at the height of the tech boom. Layoffs have been a big story across the tech landscape since the calendar turned to 2024. WATCH: Google to lay off hundreds as big tech layoffs continue

Persons: Jason Citron, Bob Carrigan Organizations: Google, Unity Software Locations: Warsaw, Poland

☆ Trend Micro lays off 2% of its global workforce
▼ + stars: | 2024-01-09 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +1 min

Trend Micro has laid off 2% of its overall workforce. "Trend Micro informed 2% of its worldwide team that their roles were eliminated," a spokesperson said in a statement. "This decision is in alignment with Trend Micro's business transformation and focus on customer expansion through our platform." In response to an analyst question in November about the company's declining headcount and if it has stopped shrinking its workforce, Trend Micro said, "we don't have a plan to actively increase the head count." Trend Micro joins a growing list of technology firms that have recently slashed jobs amid a challenging economy.

Organizations: Trend, Unity Software, Xerox

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