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☆ Earnings will drive the market next week — what we expect from 2 portfolio stocks
▼ + stars: | 2024-05-04 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

With the Fed, Apple earnings and the jobs report passing with flying colors this week, the runway to more gains looks a lot less cluttered. This past week was chock full of Club earnings: 12 portfolio companies, including Apple , delivered results. Analysts expect Wynn's earnings per share of $1.27 versus 29 cents a year ago when China was not fully back from Covid. 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.

Persons: Jerome Powell, we're, Jim Cramer, Jim, Apple, Eli Lilly, Estee Lauder, Stanley Black, Decker, Bausch, FactSet, It's, Bob Iger, Iger, Nelson Peltz, We're, Krystal, Berkshire Hathaway, Tyson, Jones Lang, Walt, Ferrari N.V, WK Kellogg, Wynn, Vishay, CRON, MARA, RICK, Ginkgo, Jim Cramer's, David Paul Morris Organizations: Federal Reserve, Apple, GE Healthcare, DuPont, Linde, Bausch Health, Coterra Energy, Club, Disney, Wynn Resorts, CNBC, Revenue, Vegas Sands, Cotai, Boston, Airlines, Krystal Biotech, Alpha Metallurgical Resources, Axsome Therapeutics, Tyson Foods, TSN, Bowlero Corp, CNA Financial Corp, CNA, Jones Lang LaSalle Incorporated, Technologies, Realty Income Corp, Lab, Teradata Corp, Technology, FMC Corporation, FMC, Paymentus Holdings, Shockwave, Vertex Pharmaceuticals, Goodyear Tire & Rubber Company, Simon Property Group, Sterling Construction Company, Apple Hospitality, Boise Cascade Corporation, BellRing Brands, Coty, COTY, Fidelity National Information Services Inc, Vornado Realty, Walt Disney Co, Holdings, Madrigal Pharmaceuticals, Nikola Corporation, BP, Rockwell Automation, MarketAxess Holdings, Jumia Technologies, GEO Group, Builders FirstSource Inc, Duke Energy Corp, WYNN, Rivian Automotive, Arista Networks, Occidental Petroleum Corp, Astera Labs, Bros, Flywire Corporation, B2Gold Corp, Kinross Gold Corp, Virgin Galactic Holdings, iRobot Corp, Electronic Arts Inc, McKesson Corp, ACM Research, Avadel Pharmaceuticals, Toyota Motor Corp, Emerson Electric Co, Perion, Editas, Brink's Company, Sinclair Corporation, New Fortress Energy, Starwood Property Trust, Animal Health, ELAN, Farms, IM Cannabis Corp, Fox Corporation, Formula One, Icahn Enterprises, Teva Pharmaceutical Industries, Arm Holdings plc, ARM, AMC Entertainment Holdings, Trade, AppLovin Corporation, Sciences Corp, SolarEdge Technologies, Roblox Corporation, GigaCloud Technology Inc, Warner Bros ., Properties Trust, Growers, Constellation Energy Group, Cronos, Fiverr, Solar Inc, EPAM Systems, Cedar Fair Entertainment, Digital Holdings, RCI Hospitality Holdings, Akamai Technologies, Semiconductor, Insulet Corp, NuScale Power Corporation, Ginkgo Bioworks Holdings, Bloom Energy Corporation, Construction, AMC Networks, CRH Public Ltd . Company, Jim Cramer's Charitable, Allen, Co . Media, Technology Conference, Bloomberg, Getty Locations: China, Eaton, Amazon, Covid, Macao, Vegas, Sun Valley , Idaho

☆ Fed's favorite inflation gauge looms next week — plus, what we want from 2 portfolio earnings reports
▼ + stars: | 2024-02-24 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.

Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman

☆ Amazon terminates iRobot deal, vacuum maker to lay off 31% of staff
▼ + stars: | 2024-01-29 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Amazon.com Inc.'s proposed $1.7 billion deal to buy robot vacuum firm iRobot Corp. was given the all-clear by the UKs antitrust agency. The vacuum maker also announced it would lay off 31% of its employees, around 350 people, and that its chair and CEO Colin Angle would step down effective immediately. The fate of the deal was plunged into uncertainty after The Wall Street Journal reported that the European Union would not offer regulatory approval. The robotic vacuum maker has a market capitalization of under $400 million, following Monday's news and prior reports that the European Union would move to block the deal. In July, iRobot entered into a $200 million financing facility to fund its operations as a stopgap until the deal closed.

Persons: Sophie Park, Colin Angle, iRobot, We're, David Zapolsky, Angle Organizations: Amazon.com Inc, iRobot Corp, Bloomberg, Getty, Street Journal, European Union, Amazon, European Commission Locations: Bedford , Massachusetts

European regulators said Monday that Amazon’s proposed acquisition of robot vacuum maker iRobot may harm competition. The European Commission, the European Union’s executive arm and top antitrust enforcer, said it has informed Amazon of its “preliminary view” regarding the deal following an investigation that began in July. The news raised investors' concerns about the acquisition, sending shares in Bedford, Massachusetts-based iRobot Corp., most famous for the circular-shaped Roomba vacuum, down more than 17% Monday. “IRobot, which faces intense competition from other vacuum cleaner suppliers, offers practical and inventive products,” Miller said. But British antitrust regulators cleared Amazon’s purchase of iRobot back in June.

Persons: Alexandra Miller, “, ” Miller, iRobot Organizations: European Commission, iRobot Corp, Amazon, Federal Trade Commission Locations: Bedford , Massachusetts, France, Germany, Italy, Spain, Seattle, U.S

A 1.7% decline in Microsoft Corp (MSFT.O) and a 1.3% dip in Amazon.com Inc (AMZN.O) weighed on the S&P 500 and the Nasdaq. S&P 500 fell 0.36% to end the session at 4,409.77 points. Of the 11 S&P 500 sector indexes, eight declined, led by communication services (.SPLRCL), down 1%, followed by a 0.83% loss in information technology (.SPLRCT). Declining stocks outnumbered rising ones within the S&P 500 (.AD.SPX) by a 1.4-to-one ratio. The S&P 500 posted 24 new highs and no new lows; the Nasdaq recorded 112 new highs and 67 new lows.

Persons: Christopher Waller, Thomas Barkin, Sam Stovall, Morgan Stanley, Sruthi Shankar, Shristi, Noel Randewich, Vinay Dwivedi, Richard Chang Organizations: Microsoft, Nasdaq Adobe, Nasdaq, Dow, Federal, Richmond Fed, CFRA, University of Michigan's, Microsoft Corp, Inc, Nvidia Corp, Dow Jones, Nvidia, Adobe Inc, iRobot Corp, Micron Technology, Thomson Locations: U.S, Bengaluru, Oakland , California

☆ UK clears Amazon's $1.7 billion deal for Roomba-maker iRobot
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +1 min

June 16 (Reuters) - Britain's competition regulator on Friday cleared Amazon.com Inc's (AMZN.O) planned $1.7 billion acquisition of iRobot Corp (IRBT.O), maker of the Roomba vacuum cleaner. The Competition and Markets Authority (CMA) said it had concluded that the deal would not lead to competition concerns in the UK. "We're pleased with the UK Competition and Markets Authority's decision and are committed to supporting regulatory bodies in their work," a spokesperson for Amazon said. The news sent shares in U.S-listed iRobot up 12% in pre-market trade, while Amazon's stock was marginally down. EU antitrust regulators will decide by July 6 whether to clear the deal, while the U.S. Federal Trade Commission is also examining the acquisition.

Persons: We're, Colin Angle, Eva Mathews, Devika Syamnath, Jason Neely Organizations: Amazon.com, iRobot Corp, Markets Authority, Competition, Amazon, CMA, Regulators, Big Tech, U.S . Federal Trade Commission, Thomson Locations: U.S, Bengaluru

☆ Wall Street futures rise as economic data fuels hopes of Fed policy shift
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Futures up: Dow 0.01%, S&P 0.06%, Nasdaq 0.09%June 16 (Reuters) - U.S. stock index futures inched up on Friday as signs of easing price pressures and slowing economic growth raised hopes the Federal Reserve could end its monetary tightening campaign soon. ET, is expected to show the index rose to 60 in June from 59.2 in May. Meanwhile, a simultaneous expiration of stock options, stock index futures and index options contracts on Friday, known as triple witching, could cause a spike in market volatility. ET, Dow e-minis were up 5 points, or 0.01%, S&P 500 e-minis were up 2.75 points, or 0.06%, and Nasdaq 100 e-minis were up 14.5 points, or 0.09%. Reporting by Sruthi Shankar in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Sruthi Shankar, Vinay Dwivedi Organizations: Dow, Nasdaq, Microsoft, Nvidia, University, Dow e, Adobe Inc, iRobot, Amazon.com, Thomson Locations: U.S, Bengaluru

Gains in megacap stocks including Nvidia and Microsoft set up the tech-heavy Nasdaq for its eighth consecutive week of gains, while the benchmark S&P 500 was set for its fifth straight week of rise. Trading, however, is expected to be volatile on Friday due to the simultaneous expiration of stock options, stock index futures and index options contracts, known as triple witching. ET, is expected to show the index rose to 60 in June from 59.2 in May. The S&P index recorded 19 new 52-week highs and no new lows, while the Nasdaq recorded 74 new highs and 10 new lows. Reporting by Sruthi Shankar and Shristi Achar A in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Morgan Stanley, Mark Luschini, Janney Montgomery Scott, Sruthi Shankar, Shristi, Vinay Dwivedi Organizations: Nvidia, Adobe, Dow, Nasdaq, Microsoft, Trading, University of, Dow Jones, Adobe Inc, iRobot, NYSE, Thomson Locations: U.S, Bengaluru

☆ Amazon's iRobot deal faces July 6 EU antitrust deadline
▼ + stars: | 2023-06-01 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

BRUSSELS, June 1 (Reuters) - EU antitrust regulators will decide by July 6 whether to clear Amazon.com Inc's (AMZN.O) $1.7 billion acquisition of the maker of robot vacuum cleaner iRobot Corp (IRBT.O), according to a European Commission filing on Thursday. The EU competition enforcer can either clear the deal with or without remedies after its preliminary review or it can open a four-month long investigation if it has serious concerns. "We’re working cooperatively with the relevant regulators in their review of this merger," an Amazon spokesperson said. Amazon has said it would continue to supply iRobot products to other retailers and keep them compatible with other companies' voice assistants. Critics say the iRobot acquisition presents a privacy nightmare because it would expand personal home information in the company's arsenal.

Persons: Alexa, Foo Yun Chee, Kirsten Donovan Organizations: Amazon, EU, U.S . Federal Trade Commission, Regulators, Big Tech, Thomson Locations: BRUSSELS

☆ UK antitrust regulator looks at Amazon's takeover of vacuum maker iRobot
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: 1 min

LONDON, April 6 (Reuters) - Britain is to investigate Amazon.com's anticipated takeover of robot vacuum maker iRobot Corp (IRBT.O), the country's competition regulator said on Thursday. The e-commerce giant's planned $1.7 billion acquisition of iRobot, aimed at expanding its stable of smart home devices, is already being reviewed by the U.S. Federal Trade Commission. Britain's Competition and Markets Authority said it is also now considering whether the deal could reduce competition in the connected device market. Invitations to comment on the combination are now open, said the CMA. Reporting by Sarah Young; Editing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.

March 21 (Reuters) - The U.S. International Trade Commission said on Tuesday it would ban imports of SharkNinja Operating LLC robot vacuums that infringe a patent owned by Roomba maker iRobot Corp (IRBT.O). The full commission upheld part of a trade judge's October decision that SharkNinja violated two of its rival's patents, affirming that SharkNinja's devices mimicked iRobot navigation technology. Bedford, Massachusetts-based iRobot filed the ITC complaint in 2021 along with a lawsuit against SharkNinja in Boston federal court. Another patent lawsuit iRobot brought against SharkNinja in 2019 has also been paused during related proceedings at the U.S. Patent and Trademark Office. The ITC case is In the Matter of Certain Robotic Floor Cleaning Devices and Components Thereof, U.S. International Trade Commission, No.

☆ U.S. will not challenge Amazon.com's plan to buy One Medical, FTC official says
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Feb 21 (Reuters) - The U.S. Federal Trade Commission will not file a complaint aimed at stopping Amazon.com's (AMZN.O) plan to buy primary care provider One Medical, an FTC official said on Tuesday. Amazon.com Inc said in July it would buy One Medical for $3.49 billion, expanding the e-commerce giant's virtual healthcare business and adding brick-and-mortar doctors' offices for the first time. The FTC official said that the agency planned to send a pre-consummation warning letter that would say it still had specific concerns about the deal. One Medical is in more than a dozen U.S. markets and gives members access to virtual care at any time of the day or night. The FTC is also probing Amazon.com's plan to buy Roomba maker iRobot Corp (IRBT.O) for $1.7 billion.

☆ EU set to investigate Amazon's $1.7 bln iRobot deal - FT
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: 1 min

Feb 15 (Reuters) - The European Union is set to investigate Amazon.com Inc's (AMZN.O) $1.7-billion purchase of iRobot Corp (IRBT.O), the Financial Times reported on Wednesday. Amazon did not immediately respond to a Reuters request for comment. Reporting by Samrhitha ArunasalamOur Standards: The Thomson Reuters Trust Principles.

☆ Senator Warren, other lawmakers ask FTC to block Amazon's iRobot deal -Axios
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +1 min

The Amazon logo is seen outside its JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. Senator Elizabeth Warren is asking the Federal Trade Commission (FTC) to reject Amazon.com Inc's $1.7 billion deal to buy Roomba vacuum maker iRobot Corp (IRBT.O), Axios reported on Thursday, citing a letter. The FTC last week had asked Amazon and iRobot for more information on the e-commerce giant's buyout offer, which was announced in August. read moreWarren and the FTC did not immediately respond to Reuters' requests for comment. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Tiyashi Datta in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ FTC seeks more data on Amazon's $1.7-billion deal for vacuum maker iRobot
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterThe logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermidSept 20 (Reuters) - The U.S. Federal Trade Commission (FTC) has asked Amazon.com Inc (AMZN.O) and iRobot Corp (IRBT.O) for more information on the e-commerce giant's $1.7-billion buyout of the Roomba vacuum maker. In a filing on Tuesday, iRobot said the FTC had on Sept. 19 requested more details on the deal that was announced last month and would expand Amazon's stable of smart home devices. read moreA group of about 20 pro-privacy and worker organizations have urged U.S. antitrust enforcers to stop the deal, citing concerns about privacy and Amazon's already powerful position in the smart home devices market. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Tiyashi Datta in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

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