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☆ Stocks making the biggest midday moves: Coinbase, First Citizens, Roku and more
▼ + stars: | 2023-03-27 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

First Citizens BancShares — The Raleigh, NC-based bank soared 50% after agreeing to buy Silicon Valley Bank's deposits and loans. Roku — Shares of the media platform jumped more than 4% after Susquehanna upgraded it to positive from neutral. The Wall Street firm said it continues to see Roku as "a prime beneficiary of the secular shift of linear budgets." It reaffirmed revenue of $2.95 billion to $3 billion, compared to $3 billion expected by analysts, per StreetAccount. Marqeta — The payments stock jumped nearly 10% after Wolfe Research upgraded it to outperform from peer perform.

☆ Here are Monday's biggest analyst calls: Tesla, Amazon, First Republic, Roku, Walmart & more
▼ + stars: | 2023-03-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Susquehanna upgrades Roku to positive from neutral Susquehanna said it sees an attractive risk/reward for the stock. Citi upgrades KeyCorp and M & T Bank to buy from neutral Citi upgraded several regional banks on Monday and said the risk/reward looks compelling. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said it sees 50% upside for shares of the e-commerce giant. Morgan Stanley reiterates Walmart as overweight Morgan Stanley said it sees an attractive risk/reward heading into the company's investment community meeting on April 4. Morgan Stanley moves First Republic to no rating Morgan Stanley removed its estimates and ratings on the stock due to too much uncertainty.

☆ Cathie Wood says rising rates hit her strategy like an earthquake and cyclical stocks are next
▼ + stars: | 2023-03-21 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Ark Invest's Cathie Wood said rapid interest rate hikes over the past year are now starting to hit cyclical pockets of the market, extending beyond her strategy to invest in companies offering what she calls disruptive technology. "The valuation hit ... has been so severe to our strategy, ... and that was all related to the Fed jacking up interest rates nineteenfold in less than a year. Higher interest rates make stocks with lofty valuations less attractive by hurting the present value of promised future profits. We now think the earthquake is rolling off of our strategy and into other strategies and those that are cyclical," Wood said. Energy, for example, a classic cyclical sector, is the only S & P sector in the green over the past 12 months, with a 5% gain.

☆ Karen Firestone: This is what’s working in today’s market – and what should keep working
▼ + stars: | 2023-03-20 | by ( Karen Firestone | ) www.cnbc.com time to read: +5 min

However, whatever the overall market action, there are always stocks that outperform considerably, encouraging an effort to pinpoint what the market craves, even in tough times. We examined the best performing stocks this year, from the universe of equities with a market capitalization over $4 billion. This industry, along with communication services, led the market up in 2020 and 2021 but collapsed in 2022. Tech stocks rose during Covid as demand accelerated, then became priced to perfection, in many cases. Karen Firestone is chairperson, CEO and co-founder of Aureus Asset Management, an investment firm dedicated to providing contemporary asset management to families, individuals and institutions.

UFC 286 will stream live on March 18, with the main card starting at 5 p.m. How to watch UFC 286You can watch the main event of UFC 286 on ESPN+ at 5 p.m. Ways to save on the UFC 286 pay-per-view priceIf you're signing up for ESPN+ to watch UFC 286, you can take advantage of a special discounted bundle. New members can buy a year-long ESPN+ membership with access to UFC 286 included for a total of $124.98. Here's the fight card for UFC 286: Edwards vs. UsmanESPNEarly Prelims — 12:30 p.m.

☆ There's been one big beneficiary of the banking crisis so far: Cathie Wood
▼ + stars: | 2023-03-15 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

While most of the Wall Street is in panic mode amidst the spreading banking crisis, one big investor is having a field day. Cathie Wood's flagship Ark Innovation ETF (ARKK) reeled in $397 million in new money just Tuesday alone, notching the biggest one-day inflow since April 2021, according to FactSet. She expects a grand rally could be upon her innovation stocks when rates stop their ascent. ARKK 1Y mountain Ark Innovation ETF ARKK has rallied 21% this year as Wood's top holdings, such as Tesla and Roku , rebounded dramatically. The innovation fund is focused on advanced technology companies in areas such as genomics, robotics, internet and fintech.

Three days into his tenure as Silicon Valley Bank 's government-appointed CEO, Tim Mayopoulos has a message for his high-powered venture capital and startup clients: Bring your money back. "There is no safer place in the U.S. banking system to put your deposits," Mayopoulos said on the call, which CNBC attended and was first to report. SVB's former CEO and CFO are no longer employed by the bank, Mayopoulos said on the call. Customer feedback will be critical in determining the future of the bank, Mayopoulos said on the call. "There are other places that do venture debt, but Silicon Valley Bank was the 1,000-pound gorilla in the room," said Ami Kassar, CEO of the business lending consultant Multifunding.

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, First Republic, Charles Schwab, Match & more
▼ + stars: | 2023-03-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wells Fargo reiterates PNC as overweight Wells said PNC should benefit from a "flight to quality." Deutsche Bank reiterates Charles Schwab as buy Deutsche said liquidity risks for Charles Schwab are overblown. Wells Fargo reiterates Western Alliance Bancorp as overweight Wells said it's standing by shares of the regional bank. Wells Fargo reiterates American Express as overweight Wells said investors should buy the dip in American Express shares. Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating on shares of Amazon.

☆ Here are Monday's biggest analyst calls: Apple ,Tesla, First Republic, Roku, Sunrun, JPMorgan Chase & more
▼ + stars: | 2023-03-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +19 min

Baird upgrades Truist to outperform from neutral Baird said it sees an attractive risk/reward for the regional bank. "Regional bank risk/reward trade-off improving, and we would get more aggressive on the regional bank side, upgrading TFC to Outperform." Bank of America reiterates Alphabet as buy Bank of America said it's bullish on Alphabet's entry into AI. Bank of America reiterates Roku as buy Bank of America said it's standing by the stock in the wake of the Silicon Valley Bank collapse. "Regional bank risk/reward trade-off improving, and we would get more aggressive on the regional bank side, upgrading TFC to Outperform."

☆ Stocks making the biggest moves premarket: Illumina, First Republic, Seagen and more
▼ + stars: | 2023-03-13 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

First Republic — Shares of First Republic cratered more than 64% before the bell, building on last week's losses. Shares led a decline in bank stocks despite plans from the government to backstop depositors of Silicon Valley Bank and Signature Bank. PNC — Shares lost nearly 5.2% early Monday morning after the bank decided against bidding on Silicon Valley Bank as regulators struggle to find buyers for the failed bank. The streaming and media company said in a Friday SEC filing that around $487 million, or 26%, of its cash reserves are stuck at Silicon Valley Bank. Petco Health and Wellness — Shares slipped less than 1% after the company was downgraded by Citi to neutral from buy.

☆ Everything you need to know about a crazy weekend in the wake of Silicon Valley Bank's failure
▼ + stars: | 2023-03-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

It's all about Silicon Valley Bank going down and the knock-on effects. If you're not up to speed, here's a quick rundown on what the hell happened at Silicon Valley Bank. The US Treasury, Federal Reserve Board, and the Financial Deposit Insurance Corporation announced they would "fully protect" all depositors who had funds in Silicon Valley Bank. Regulators also made one thing clear with their announcement: "No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer." Nobel Prize-winning economist Paul Krugman has a new name for Silicon Valley Bank.

☆ US banks have well over $1 trillion of uninsured deposits. Signature Bank was among the most exposed.
▼ + stars: | 2023-03-13 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

The US government shut down Signature Bank on Sunday. This time it was Signature Bank. The FDIC insures US bank deposits up to $250,000 per account to prevent bank runs and failures. The demise of SVB, and now the collapse of Signature Bank, have stretched this system to a breaking point. The authorities are giving the same special exemption to Signature Bank, so all depositors will be made whole there too.

☆ Factbox: Which companies are affected by SVB collapse?
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +6 min

ROKU (ROKU.O)Streaming devices maker says it has about $487 million, or 26% of its cash and cash equivalents, held in deposits with SVB. CIRCLEUS cryptocurrency firm Circle says $3.3 billion of its $40 billion of USD Coin reserves are at SVB. BLOCKFIBankrupt crypto lender BlockFi Inc has roughly $227 million in unprotected funds at SVB, the Wall Street Journal reported on Friday. VIR BIOTECHNOLOGY (VIR.O)Biotech firm says it maintains operating accounts at SVB with about $220 million as of Friday. EUROPEAround 16 tech and life sciences companies in Europe have disclosed about $190 million in exposure to SVB in the UK and the United States.

☆ Companies Whose Deposits in Silicon Valley Bank Were Just Freed
▼ + stars: | 2023-03-12 | by ( Peter Santilli | ) www.wsj.com time to read: 1 min

When Silicon Valley Bank collapsed following a run on deposits, many of its clients scrambled to compensate after being cut off. Firms that disclosed how much money they had in the bank when it failed are listed below. Shares of Roku fell on March 10 after the streaming platform provider said in a securities filing that it had approximately $487 million held at SVB, or 26% of its $1.9 billion cash position.

☆ SXSW may be in Texas, but Silicon Valley Bank's implosion is casting an uneasy cloud over the tech festival
▼ + stars: | 2023-03-12 | by ( Madeline Renbarger | Sydney Bradley | ) www.businessinsider.com time to read: +4 min

As the South by Southwest tech conference began in Austin on Friday, Silicon Valley Bank failed. The annual festival is known for attracting hundreds of startup founders and tech investors. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Later on Friday, Lessin shared an Instagram story post showing her SVB credit card being declined while she traveled to SXSW. "It seems likely that if the government does not step in to stop the contagion kicked off by SVB's bank run, we will see more regional (or even large) banks fail," Haugen told Insider.

☆ 'I don't know how this ends': Mom with 4 kids in Ohio who owns small startup says SVB mess is not just a '1% problem'
▼ + stars: | 2023-03-12 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +3 min

Silicon Valley Bank, a startup-heavy financial institution once trusted by the tech world, collapsed this week. Regulators shut down the bank, affecting major companies like Roku and Etsy. Silicon Valley Bank, a major financial institution that frequently worked with startups, collapsed days ago, throwing the tech world into a spiral. The collapse has affected companies like Etsy, forced to delay payments to many who sell goods on its site. I know that the financial future of Strongsuit; my team and my family are at risk w/ the collapse of SVB.

☆ Hundreds of startups face a crippling cash crunch and an 'extinction-level event' if no one buys Silicon Valley Bank by Monday
▼ + stars: | 2023-03-11 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +5 min

Silicon Valley Bank's collapse has left hundreds of startups facing a cash crunch and payroll crisis. It leaves hundreds of startups that deposited their cash with the bank in turmoil, as they try to continue operating while millions in funds are locked up. Startups scramble for cashThe need for startups to make payroll is one being echoed across the VC ecosystem. In a tweet, founder Nikita Bier said: "The number of growth stage companies that had their cash at SVB is huge. Even startups that didn't bank directly with SVB have been hit by its collapse.

☆ Silicon Valley Bank's collapse means startups and VCs face billions in losses
▼ + stars: | 2023-03-11 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

SVB's startup and VC customers are staring down huge losses after its failure. A buyer is being sought for the failed bank by Monday to avoid more calamity for startups. SVB customers stare down big lossesIn a report on Friday, the ratings agency Moody's said it expected a recovery rate of 80% to 90% for uninsured depositors. While there were likely billions in deposits withdrawn prior to SVB's closure, there's still likely to be many billions left at risk. SVB's deposits soared in recent years as it became the go-to lender in the VC ecosystem.

☆ Roku has about 26% of its total cash with SVB
▼ + stars: | 2023-03-10 | by ( ) 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 EmailRoku has about 26% of its total cash with SVBCNBC's Bertha Coombs joins Fast Money to report on Roku's cash holdings at SVB. With CNBC's Sara Eison and the Fast Money traders, Tim Seymour, Jeff Mills, Courtney Garcia and Steve Grasso.

☆ Roku held nearly $500 million at Silicon Valley Bank and does not know if it will recover the funds
▼ + stars: | 2023-03-10 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Roku held approximately $487 million of its $1.9 billion in cash at Silicon Valley Bank, which collapsed Friday and was taken over by the Federal Deposit Insurance Corporation, the streaming technology company disclosed in an SEC filing. That’s approximately 26% of the company’s cash and cash equivalents, Roku (ROKU) said, adding that most of its deposits with the bank are uninsured. “The company’s deposits with SVB are largely uninsured,” Roku said. California regulators closed down the tech lender and put it under the control of the FDIC. Other companies face falloutRoblox also said in a filing that 5% of its $3 billion in cash was held at SVB.

☆ Roku says 26% of its cash reserves are stuck in Silicon Valley Bank
▼ + stars: | 2023-03-10 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company's IPO at the Nasdaq Market in New York, September 28, 2017. Roku has $487 million of cash and cash equivalents in uninsured deposits at failed Silicon Valley Bank , the streaming media company said in an SEC filing Friday. About 26% of Roku's $1.9 billion in cash was deposited with SVB, which was placed into receivership by the FDIC midday Friday. "At this time, the Company does not know to what extent the Company will be able to recover its cash on deposit at SVB," Roku said in a press release. FDIC insurance only covers the first $250,000 in deposit accounts, a fraction of the cash that Roku and many other companies had vaulted with SVB.

☆ Roku discloses it has $487 million in deposits at failed Silicon Valley Bank. That’s 26% of its cash.
▼ + stars: | 2023-03-10 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Roku said in an SEC filing Friday that it held $487 million of cash at Silicon Valley Bank. That's 26% of the company's cash, which Roku disclosed was largely uninsured. The disclosure only adds to the alarm surrounding tech companies that do business with SVB after regulators shut down Silicon Valley Bank on Friday, marking it as the largest bank failure in the US since the 2008 recession. Roku said in its disclosure to the SEC that approximately 26% of the $1.9 billion in total cash and cash equivalents it has as of Friday were held at SVB. Roku's remaining $1.4 billion in cash and cash equivalents have been distributed across "multiple large financial institutions" the company said in the filing.

☆ Disney reconsiders making content for others under Bob Iger
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +2 min

March 9 (Reuters) - Walt Disney Co (DIS.N) Chief Executive Bob Iger Thursday said the studio may resume making films and television shows for its rivals, marking a departure from recent years, when its production resources were harnessed to launch and grow its marquee Disney+ steaming service. Iger told the Morgan Stanley Technology, Media and Telecom Conference in San Francisco that streaming services have traditionally relied on a volume of fresh content to attract subscribers. "As we look to reduce the content that we're creating for our own platforms, there probably are opportunities to license to third parties," Iger said. "For a while, that was something we couldn't possibly do because we were so favoring our own streaming platforms. Iger returned to Disney in November, less than a year after he retired, as the entertainment company sought to boost investor confidence and profits at its streaming media unit.

☆ Roku will sell its first company-made smart TVs exclusively at Best Buy
▼ + stars: | 2023-03-09 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +2 min

A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company's IPO at the Nasdaq Market in New York, September 28, 2017. Roku said Thursday it will sell the first smart TVs designed and made by the company exclusively at Best Buy and the electronic retailer's website. Roku's hardware items, including streaming players and sound-amplifying devices, have often been the money-losing parts of the business. Roku CEO Anthony Wood told CNBC in January he is optimistic about selling the new TVs. The new TVs will feature Roku's voice remote pro, Bluetooth private listening, automatic brightness and local dimming.

In 2020, while working as a staff nurse at a hospital in Spartanburg, South Carolina, Aspen Tucker came across a job posting for a travel nurse. In 2020, Aspen Tucker left his staff nursing job to become a travel nurse, a move that came with a significant bump in pay. "I'm able to have a high salary as a travel nurse, but also come back to where the cost of living is low," he says. That month he split an Airbnb with his girlfriend (also a travel nurse who occasionally takes jobs at the same hospitals) in addition to paying his mortgage and utilities back home. When he's traveling work, Tucker pays friends and family to take care of his dog, Skye.

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