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☆ Roku hires Stitch Fix's Dan Jedda as finance chief
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

March 8 (Reuters) - Streaming service Roku Inc (ROKU.O) said on Wednesday it has hired former finance chief of personalized styling service company Stitch Fix Inc (SFIX.O) Dan Jedda as its chief financial officer. Roku had in its latest earnings report said it will cut costs while forecasting better-than-expected quarterly revenue on higher ad spends on the platform. Jedda's departure from Stitch Fix, which was announced by the company on Tuesday, comes months after the exit of its chief executive amid workforce cuts. Stitch Fix also missed estimates for its second-quarter results and lowered its full-year revenue forecast, signaling waning interest for its curated apparel boxes. Reporting by Yuvraj Malik in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

"Everything Everywhere All at Once" leads the 2023 Oscars with 11 nominations, including best picture, best director (the Daniels), and best actress (Michelle Yeoh). Here's a rundown of all the ways you can watch and stream the 2023 Oscars live. How to watch the 2023 OscarsYou can watch the 2023 Oscars live on March 12 at 8 p.m. ET/5 p.m. PT on ABC. The ABC network is available via cable, antenna, and several live TV streaming services, including Sling TV, Hulu + Live TV, YouTube TV, and FuboTV. A24The 2023 Oscars includes nominees across 23 categories, covering every aspect of the filmmaking process.

UFC 285 will stream live on March 4, with the main card starting at 10 p.m. Jon Jones will face Ciryl Gane for the UFC heavyweight title. How to watch UFC 285You can watch the main event of UFC 285 on ESPN+ at 10 p.m. Ways to save on the UFC 285 pay-per-view priceIf you're signing up for ESPN+ to stream UFC 285, you can snag a special discounted package. Here's the fight card for UFC 285: Jones vs. GaneESPNEarly Prelims — 5:30 p.m.

☆ How HBO's content chief plans to grow the audience for Warner Bros. Discovery's new mega-streamer with DC and Warner Bros. shows
▼ + stars: | 2023-03-01 | by ( Lucia Moses | ) www.businessinsider.com time to read: +8 min

HBO's Casey Bloys revealed his content strategy on "The Watch" podcast and in a talk with Parrot Analytics. Bloys also shared what's ahead for HBO Max once it combines with Warner Bros. Despite economic pressures on streaming, he's not worried that HBO content will suffer. "Euphoria" is second only to "Game of Thrones" in most-viewed HBO shows, but Bloys was hesitant at first to develop its hit 2022 prequel "House of the Dragon," he told "The Watch." And he pointed to more Batman spinoffs like "The Penguin" that's coming to HBO Max and will star Colin Farrell.

Jake Paul will box Tommy Fury in a highly anticipated fight in Saudi Arabia. Paul vs. Fury (PPV Fight) Jake Paul will face Tommy Fury in an ESPN+ pay-per-view match on February 26. How to watch Paul vs. FuryYou can watch Paul vs. Fury on ESPN+ starting at 2 p.m. No matter how you subscribe to ESPN+, it still costs an additional $50 to unlock streaming access to the Paul vs. Fury main event. Paul vs. Fury fight card

☆ A.I.-guided strategies for the ETF investor. Here's what to know.
▼ + stars: | 2023-02-24 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +4 min

As investors weigh what the growing interest in artificial intelligence means for the marketplace, one analyst thinks that ETF investors should be cautious in utilizing it to aid in strategy selection. "ChatGPT knows a lot about a lot of things," Art Amador, EquBot Co-Founder, told Bob Pisani on CNBC's 'ETF Edge' on Wednesday. Amador runs the AI Powered Equity ETF (AIEQ) , an actively managed fund of U.S. stocks selected with a model that uses artificial intelligence. Studebaker's ROBO Global launched the ROBO Global Robotics and Automation ETF (ROBO) in 2013 as a fund that invests in innovative companies driving robotics, automation, and AI spaces. "You want to make sure you're investing with people that have done this before, that have deep expertise and deep knowledge in this space."

☆ Top 10 things to watch in the stock market Friday: Market slide, optimism on Club stocks
▼ + stars: | 2023-02-17 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Deere (DE) posts a big earnings beat: $6.55 per share for fiscal 2023 first quarter, beating estimates of $5.53. Roku (ROKU) double upgraded at Bank of America to buy, price target to $85 per share. 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. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Here are Friday's biggest analyst calls: Tesla, Nvidia, Roku, Coinbase, DraftKings, Disney & more
▼ + stars: | 2023-02-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are the biggest calls on Wall Street on Friday: Compass Point upgrades Coinbase to buy from neutral Compass said the "long-term opportunities outweigh near-term risks." Goldman Sachs reiterates Tesla as buy Goldman said it's bullish heading into the company's investor day on March 1. KeyBanc reiterates Nvidia as overweight KeyBanc raised its price target on the stock to $280 per share from $220. Daiwa reiterates Disney as buy Daiwa said it sees international growth for Disney which will further drive parks outperformance. Evercore ISI adds a positive tactical call on Walmart Evercore said it's bullish on Walmart heading into earnings next week.

☆ Bank of America double upgrades Roku, sees ad spending improving through 2023
▼ + stars: | 2023-02-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Bank of America is getting back on the Roku bandwagon after the streaming platform's latest quarterly results. Analyst Ruplu Bhattacharya double upgraded the stock to buy from underperform. "Roku continues to execute strong and while the scatter ad market remains weak in the near-term, Roku continues to outpace the market given its scale which makes it attractive to advertisers," Bhattacharya wrote in a note on Friday. Bhattacharya upgraded Roku after the company posted earlier this week fourth-quarter results that beat analyst expectations. The analyst also noted that ad spending in Roku appears to be bottoming out and expects it to improve through 2023, which will increase its margins.

☆ Stocks making the biggest moves midday: Deere, Airbnb, AutoNation, Moderna and more
▼ + stars: | 2023-02-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday:Deere — Shares rose 7.7% after the company reported earnings-per-share of $6.55 for its fiscal first quarter, topping the $5.57 expected by analysts polled by Refinitiv. Some Wall Street analysts remained cautious on the stock, citing risks including competition and slower-than-expected consumer adoption of alternative accommodations. Still, earnings and revenue missed Wall Street estimates. The sports betting company reported a loss of 53 cents per share on revenue of $855 million. The real estate company reported a 57 cent per share loss on $480 million of revenue.

☆ Stocks making the biggest moves premarket: DraftKings, DoorDash, Deere, Roku and more
▼ + stars: | 2023-02-17 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The company reported a loss of 53 cents per share on revenue of $855 million. Deere & Company — Shares advanced 3% after Deere exceeded expectations on the top and bottom lines in its latest quarter. Roku jumped 11% Thursday after the company reported a smaller-than-expected loss in its latest quarter. The company reported a 57 cent per share loss on $480 million of revenue. It reported revenue of $1.01 billion, below the consensus estimate of $1.02 billion.

☆ Investor focus on profits over growth will continue in 2023, says JMP's Mark Lehmann
▼ + stars: | 2023-02-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestor focus on profits over growth will continue in 2023, says JMP's Mark LehmannMark Lehmann, CEO of JMP Securities, joins 'Squawk Box' to discuss CISCO beating profits and revenues, opportunities in the marketplace, and Roku gaining momentum.

☆ Wall St eyes lower open as producer prices rebound
▼ + stars: | 2023-02-16 | by ( Johann M Cherian | ) www.reuters.com time to read: +3 min

A Labor Department report showed producer prices climbed 0.7% in January after a 0.2% fall in the previous month. "You're also seeing the job market still very strong as well, with claims coming in less than expected," Zaccarelli added. ET, Dow e-minis were down 274 points, or 0.8%, S&P 500 e-minis were down 47.5 points, or 1.14%, and Nasdaq 100 e-minis were down 185.75 points, or 1.46%. Traders will also scrutinize remarks from other Fed officials, including St. Louis Fed President James Bullard, to assess the central bank's tone on monetary policy. Reporting by Johann M Cherian and Sruthi Shankar in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ Wall St slides as inflation, jobless claims data fuel rate-hike angst
▼ + stars: | 2023-02-16 | by ( Johann M Cherian | ) www.reuters.com time to read: +3 min

Another set showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, offering more evidence of the economy's resilience. "You're also seeing the job market still very strong as well, with claims coming in less than expected." The Fed is seen pushing the benchmark rate above the 5% mark by May and keeping it above those levels till the year-end. Traders will also scrutinize remarks from other Fed officials, including St. Louis Fed President James Bullard, to assess the central bank's tone on monetary policy. The S&P index recorded two new 52-week highs and one new lows, while the Nasdaq recorded 28 new highs and 22 new lows.

☆ Stocks making the biggest premarket moves: Shake Shack, Virgin Galactic, Paramount and more
▼ + stars: | 2023-02-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Analysts surveyed by Refinitiv were expecting earnings of 23 cents per share on $8.16 billion of revenue. Excluding items, it earned 88 cents per share, slightly above the Refinitiv estimate of 86 cents per share. Cisco also beat revenue expectations. Twilio — The communications tools maker rose nearly 9% after reporting revenue of $1.02 billion, above the $1 billion analyst polled by Refinitiv expected. West Pharmaceutical Services — The drug and health-care products manufacturer gained 5.3% after reporting a fourth-quarter earnings and revenue beat.

☆ Stocks making the biggest moves midday: Twilio, Tripadvisor, Boston Beer, Roku and more
▼ + stars: | 2023-02-16 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Twilio — Shares jumped 19% after Twilio beat revenue expectations in its most recent quarter. Otherwise, Shopify beat expectations on the top and bottom lines. The digital communications stock reported earnings of 88 cents per share on revenue of $13.59 billion. Hasbro — Hasbro rose more than 2% after the toymaker beat earnings per share expectations. Otherwise, the firm beat earnings expectations in its latest quarter, while revenue came in line with estimates.

☆ Stocks slide as investors worry about more rate hikes
▼ + stars: | 2023-02-16 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +2 min

Stocks tumbled Thursday morning after the US government’s Producer Price Index report showed that prices at the wholesale level rose faster than expected in January. The unwelcome inflation news comes just two days after the Consumer Price Index figures showed that retail prices continue to come in above forecasts. Investors also were unnerved by comments from Cleveland Federal Reserve president Loretta Mester about inflation and the economy. St. Louis Fed president James Bullard, another regional bank president who does not have a vote on the FOMC this year, is giving a speech this afternoon. Streaming media device maker Roku (ROKU) also soared following strong earnings.

☆ Why some analysts are still worried about Roku even after it posted strong Q4 results
▼ + stars: | 2023-02-16 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Roku is not out of the woods yet, even after posting strong results for the fourth quarter, according to some analysts. The company's first-quarter revenue guidance of about $700 million also beat a StreetAccount estimate of $691.6 million. While those results and guidance are welcome by the market — Roku shares rallied 12% in the premarket — some analysts covering the stock remain skeptical about the company's prospects going forward. The ad market has taken a hit in recent months as companies pulled back as a way to save money. "Given mgmt's track record of conservative guidance ... we think investors will look past weaker 1Q revenue guidance," Helfstein said in a Wednesday note to clients.

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Generac, Coinbase, Meta, Roku, Roblox & more
▼ + stars: | 2023-02-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Thursday's biggest calls on Wall Street: Bernstein reiterates Tesla as underperform Bernstein said Tesla sharers remain overvalued. Loop reiterates Apple as buy Loop said it sees attractive iPhone revenue upside for Apple. Canaccord upgrades Generac to buy from hold Canaccord said it sees "storm clouds breaking" for shares of Generac. JPMorgan reiterates Roku as overweight JPMorgan said it's standing by shares of Roku after the company's earnings results on Wednesday. " Bernstein reiterates Meta as outperform Bernstein kept its outperform rating on the social media giant and says it likes the company's "clear cost takeout plan."

☆ Roku Sees Some Improvement in Ad Spending
▼ + stars: | 2023-02-15 | by ( Patience Haggin | ) www.wsj.com time to read: 1 min

Roku last month launched its own branded smart TVs. Roku Inc. said it saw some signs of improvement in the advertising market and vowed to slow down expenses this year, while the streaming company’s battered stock continued to rebound. San Jose, Calif.-based Roku is the nation’s largest maker of streaming hardware, but derives most of its revenue from advertising. It sells all ads viewed on its own streaming service the Roku Channel and sells some ads that appear on other streaming services viewed on Roku devices.

☆ Roku forecasts first-quarter revenue above estimates on streaming bet
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +1 min

Feb 15 (Reuters) - Roku Inc (ROKU.O) forecast first-quarter revenue above analysts' estimates on Wednesday, betting on its streaming devices and content platform to drive growth. A pandemic winner, Roku is benefiting from the ongoing trend of people ditching their traditional cable packages and flocking to subscription-based streaming services. Net revenue was $867.1 million in the quarter ending Dec. 31, compared with analysts' expectations of $801.7 million, according to Refinitiv data. The streaming platform said it was expecting net revenue of $700 million for the first quarter. Roku reported net loss of $237.2 million, or $1.70 per share, during the fourth quarter, from a profit of $23.7 million, or 17 cents per share, a year earlier.

☆ Roku beats on the top and bottom lines
▼ + stars: | 2023-02-15 | 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 beats on the top and bottom linesCNBC's Julia Boorstin reports on Roku earnings. Solus Alternative Asset Management's Dan Greenhaus weighs in on the beat.

☆ Watch CNBC's full post-market discussion with G Squared's Victoria Greene, Keith Lerner of Truist and Dan Greenhaus of Solus
▼ + stars: | 2023-02-15 | 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 EmailWatch CNBC's full post-market discussion with G Squared's Victoria Greene, Keith Lerner of Truist and Dan Greenhaus of SolusG Squared's Victoria Greene, Keith Lerner of Truist and Dan Greenhaus of Solus join 'Closing Bell: Overtime' to discuss today's market reversal and the positive earnings announcements from Roku, Cisco and Zillow.

☆ Morning Bid: Interminable anxiety
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +4 min

The about-turn in rates markets in just two weeks has been extraordinary - with Fed funds futures pricing moving from a terminal rate as low as 4.8% to 5.26% on Wednesday. Two-year Treasury yields soared to a 3-month high of 4.64% on Tuesday - where current Fed rates sit - and only gave back a fraction of that on Wednesday. U.S. stocks held up remarkably well on Tuesday - helped by hopes recession fears are easing even as rate speculation intensifies. Sterling slipped as UK inflation fell faster than expected last month, even though the annual inflation rate remains in double digits. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Roku promises cost cuts, sees robust first-quarter revenue; shares jump
▼ + stars: | 2023-02-15 | by ( Tiyashi Datta | ) www.reuters.com time to read: +2 min

Shares of the San Jose, California-based company rose 20% in after-market trading and later pared gains to 10% after Roku also beat fourth-quarter revenue estimates and reported a 16% jump in active users. "Despite tightening advertising budgets in the fourth quarter, ad spend on the Roku platform outperformed the overall ad and traditional TV markets in the U.S.," the company said in a statement. Roku said while pressure on ad budgets would continue in the near term, ad spending from restaurants, travel firms, consumer packaged goods and health and wellness had improved in the first quarter. For the quarter that ended Dec. 31, it reported revenue of $867.1 million, beating analysts' estimates of $801.7 million. On an adjusted basis, Roku posted a loss of $1.70 per share, narrower than an estimated loss of $1.73 per share.

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