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☆ September is the cruelest month for stocks. Pros share their trading tips — and what to buy
▼ + stars: | 2023-09-01 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

The pros share their expectations and tips for how investors can trade in the month ahead. The volatility isn't over The "potential bite" of aggressive Fed policy could lead to more volatility, said Richard Saperstein, chief investment officer at investment firm Treasury Partners, in a Tuesday note. Avoid tech — but not completely Avoid mega-cap tech stocks such as the "Magnificent Seven" now, the pros said, referring to Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla — tech stocks that have made massive gains this year. "Big tech stocks have run and valuations are richer than they have been. Dave Sekera, chief U.S. market strategist at Morningstar, said on Thursday that not all tech stocks are overvalued.

Persons: Richard Saperstein, Ben Kirby, CNBC's, Carol Schleif, George Ball, Sanders Morris Harris, Schleif, Ball, it's, Dave Sekera, Kirby, Thornburg, Morgan Stanley, Andrew Slimmon Organizations: U.S . Federal Reserve, Treasury Partners, Thornburg Investment Management, BMO Family Office, Apple, Microsoft, Nvidia, Tesla, Big Tech, Morningstar, Autodesk, Software, Teladoc, CNBC, CME, Hyatt Hotels, Hotels, Resorts, Hilton Hotels, Morgan, Morgan Stanley Investment, United Rentals Locations: U.S, China, Argentine

☆ Goldman Sachs sees Salesforce rallying more than 50% after strong earnings
▼ + stars: | 2023-08-31 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Salesforce 's latest earnings have Goldman Sachs even more excited for the tech stock's future. A day earlier, Salesforce reported fiscal second-quarter earnings and revenue that beat expectations , while also issuing better-than-forecasted guidance for the current quarter. Goldman Sachs analyst Kash Rangan raised his price target on Salesforce by $15 to $340 per share, implying upside of 58.1%. His price target would mark a continuation of this year's rally, with the stock already up more than 62% in 2023. "Salesforce delivered strong results, even despite the negative investor sentiment heading into the print," he said.

Persons: Salesforce, Goldman Sachs, Kash Rangan, Rangan, couldn't, Brad Sills, Brad Zelnick, Lenschow, — CNBC's Michael Bloom Organizations: Microsoft, Adobe, Intuit, Autodesk, of America, Deutsche Bank Locations: CY24, reaccelerating

☆ Final Trades: Autodesk, ConocoPhillips & more
▼ + stars: | 2023-08-25 | 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 EmailFinal Trades: Autodesk, ConocoPhillips & moreThe "Halftime Report" traders give their top picks to watch for the second half.

Organizations: Autodesk, ConocoPhillips

☆ Stocks making the biggest moves midday: Nvidia, Boeing, Splunk, Dollar Tree and more
▼ + stars: | 2023-08-24 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Nvidia - The chipmaker's stock climbed more than 1% to a record high after the company reported a beat on the top and bottom lines. Splunk — The cloud stock climbed 13.6% after the company beat Wall Street expectations for second-quarter earnings and raised its guidance. Autodesk — Shares added 3.1% after Autodesk reported an earnings beat and higher forward guidance. Snowflake — Snowflake dipped more than 5% in midday trading even after after reporting an earnings beat. Guess — The apparel company soared more than 28% after reporting an earnings beat, highlighted by an adjusted 72 cents per share and revenue of $664.5 million.

Persons: Marvell, Max, Refinitiv, Wolfe, Splunk, —, Alex Harring, Yun Li, Michelle Fox Organizations: Nvidia, AMD, Marvell Technology, Boeing —, Boeing, Discover Financial, Bank of America, Autodesk, Refinitiv Locations: Santa Clara , California

☆ Stocks making the biggest moves in the premarket: Nvidia, Boeing, Splunk and more
▼ + stars: | 2023-08-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Adjusted earnings came in at $2.70 per share, ahead of the $2.09 estimate expected from analysts polled by Refinitiv. Snowflake posted 22 cents adjusted earnings per share on $674 million in revenue. AutoDesk reported adjusted earnings of $1.91 per share on $1.35 billion in revenue. Adjusted earnings per share of 6 cents was in line with expectations and revenue slightly beat, per StreetAccount. However, Petco's full-year guidance for adjusted EPS and adjusted earnings before interest, taxes, depreciation and amortization fell short of consensus estimates.

Persons: Splunk, FactSet, Snowflake, Refinitiv, —, Carlos Alberini, Petco's, amortization, CNBC's Hakyung Kim, Pia Singh, Sarah Min, Michelle Fox, Jesse Pound Organizations: Nvidia, Refinitiv, Wall, Taiwan Semiconductor, AMD, Marvell Technology — Semiconductor, Devices, Marvell Technology, Broadcom, Boeing —, AutoDesk, Petco, Wellness Locations: Wall Street

☆ Autodesk CEO: Here's how we were able to beat on all key metrics
▼ + stars: | 2023-08-24 | 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 EmailAutodesk CEO: Here's how we were able to beat on all key metricsAndrew Anagnost, Autodesk CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings results, Autodesk's media and entertainment business, and more.

Persons: Andrew Anagnost Organizations: Autodesk

☆ Stocks making the biggest moves after hours: Nvidia, Splunk, Autodesk, Guess and more
▼ + stars: | 2023-08-23 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Splunk earned 71 cents per share, after adjustments, on $889 million in revenue. Analysts polled by FactSet had forecast Splunk would earn 46 cents per share. Nvidia earned $2.70 per share, excluding items, on $13.51 billion in revenue, while analysts polled by Refinitiv forecast $2.09 per share in earnings and $11.22 billion in revenue. Analysts polled by Refinitiv forecast 10 cents per share in profit on $662 million in revenue. Autodesk earned $1.91 per share after adjustments on $1.35 billion in revenue, while analysts polled by Refinitiv predicted $1.73 per share in earnings and $1.32 billion in revenue.

Persons: Splunk, FactSet, Snowflake, Guess, Ananda Baruah, Refinitiv Organizations: Nvidia, Refinitiv, Taiwan Semiconductor, AMD, Marvell — Semiconductor, Marvell, Loop, Micro Computer, Autodesk

☆ Morning Bid: 'Flash' business funk and AI buzz
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +4 min

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. Euro zone government bond yields and the euro tumbled as traders bet the European Central Bank may soon pause its interest-rate hike campaign, with money markets now pricing less than a 50% chance of further tightening. The dollar (.DXY) hit its highest since early June as both the euro and sterling took a hit. Existing home sales dropped to a six-month low in July, with new home sales numbers due later today. European and Japanese shares were up smartly too, but mainland Chinese stocks (.CSI300) underperformed yet again and dropped another 1%-plus.

Persons: Mike Segar, Mike Dolan, Wednesday's, John Stonestreet Organizations: Wall, New York Stock Exchange, REUTERS, Micron Technology, European Central Bank, Treasury, Federal, Jackson, Nvidia, Apple, Microsoft, Devices, Autodesk, Advance, Thomson, Reuters Locations: Manhattan, New York City , New York, U.S, Europe, Philadelphia, United States, Johannesburg

☆ On tap next week: 2 housing reports and 2 Cub earnings releases. Here's what we're looking for
▼ + stars: | 2023-08-19 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

All three major U.S stock indices pulled back this week, as earnings season wound down and retail earnings painted a mixed picture of the state of the economy. Looking to next week, we'll be watching how shares of Club name Palo Alto Networks (PANW) open on Monday. With mortgage rates hitting the highest level in over two decades this week, affordability remains a major impediment for the housing market. Earnings : Club name Foot Locker (FL) reports quarterly results Wednesday before the opening bell, while Club holding Nvidia (NVDA) releases after the close that same day. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: we'll, Locker, Mary Dillon, Lowe's, Jim Cramer's, Jim Cramer, Jim, Kelter Davis Organizations: Nasdaq, Dow Jones, TJX, Walmart, Federal Reserve, U.S, Palo Alto Networks, Palo, Club, Nvidia, Lufax, Baidu, Dick's Sporting, Coty, COTY, Urban Outfitters, Parts, Devices, Sonoma, Body, Abercrombie, Fitch, Autodesk, TD Bank, Royal Bank of Canada, Marvell Technology, Intuit, Nordstrom, Jim Cramer's Charitable, CNBC, Shoppers, Bloomberg, Getty Locations: U.S, China, Friday's, Williams, Burlington, Chicago , Illinois

☆ Nvidia, key Powell speech to take center stage next week in midst of Wall Street's August woes
▼ + stars: | 2023-08-18 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The week ahead will "revolve around three things," Infrastructure Capital Management CEO Jay Hatfield remarked on the week ahead. "Nvidia's earnings, Nvidia's earnings and, to a lesser degree, Jackson Hole." Nvidia earnings Many investors expect Nvidia will beat expectations for the second quarter when it reports results next Wednesday . More commentary from Jackson Hole If Nvidia is the key microeconomic event next week, Jackson Hole will dominate macroeconomic discussion. Powell delivers his address at the annual central bank forum hosted by the Kansas City Fed next Friday morning.

Persons: Jerome Powell, Jay Hatfield, Jackson, Management's Yung, Yu Ma, Hans Mosesmann, Hatfield, Powell, Ross Mayfield, Ray Farris, Fed Governor Bowman, Michael Bloom Organizations: Federal, Infrastructure Capital Management, Dow, Nasdaq, Treasury, Fitch, Federal Reserve, BMO, Nvidia, Rosenblatt Securities, Infrastructure Capital Management's, Kansas City Fed, Fed, Infrastructure Capital, Credit Suisse, Richmond Fed, Federal Reserve Bank of Chicago, PMI, New, Body, Devices, Autodesk, Chicago, . Kansas City Fed Manufacturing, Intuit, Ulta Locations: , Wyoming, China, Infrastructure Capital Management's Hatfield, Powell, . Kansas, Michigan

☆ Cramer's Lightning Round: Wingstop is a buy
▼ + stars: | 2023-08-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Public Storage's year-to-date stock performance. Public Storage : "I like that...I'm gonna have to say [buy, buy, buy!]" Stock Chart Icon Stock chart icon RingCentral's year-to-date stock performance. Buy, buy, buy!" Stock Chart Icon Stock chart icon Autodesk's year-to-date stock performance.

Persons: I'm, It's Organizations: Primoris, Scotts, Scotts Miracle, Autodesk

☆ Lightning Round: I'm not too keen on owning Chinese stocks, says Jim Cramer
▼ + stars: | 2023-08-10 | 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: I'm not too keen on owning Chinese stocks, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Public Storage, Primoris, RingCentral, NetEase, Scotts Miracle-Gro, Wingstop, Autodesk and Pioneer Natural Resources.

Persons: I'm, Jim Cramer Organizations: Scotts Miracle, Wingstop, Autodesk, Natural Resources Locations: NetEase

☆ Critical infrastructure design startup Transcend just raised a $20 million Series B round with this 13-slide pitch deck
▼ + stars: | 2023-08-03 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Transcend enables companies to design more sustainable and resilient critical infrastructure. We got an exclusive look at the 13-slide pitch deck it used to raise the Series B. With Transcend, designs can be iterated and compared as many times as needed to ultimately find the most cost effective or environmentally-friendly specification. They are split between asset owners themselves, engineering companies, and companies who pitch for infrastructure work, including infrastructure players Arcadis, Black and Veatch, Brookfield Asset Management. Currently a team of 80 in the US and Europe, Transcend plans to add headcount in its marketing and sales team.

Persons: Ari Raivetz, Raivetz, isn't Organizations: Princeton, Brookfield Asset Management, Autodesk, HG Ventures, Arosa Capital, Riverstone Holdings, Aspen Capital Group Locations: Brookfield, Europe

Dara Treseder, chief marketing officer, AutodeskDara Treseder, the chief marketing officer at Autodesk. Autodesk is a software company that makes products architects and engineers often use, but its name isn't well-known beyond the professionals that rely on its tools. Within 30 days of joining the company, Treseder worked with Ryan Reynolds' agency, Maximum Effort, to launch the company's first TV ad in over ten years. The company's next TV-related success was the "Otto Desć" campaign during the 2023 Oscars, which got over 25 million views. Treseder worked with the French government to launch a campaign on the Autodesk website to make sure consumers knew of Autodesk's contribution.

Persons: Dara Treseder, Autodesk Dara Treseder, —, Treseder, she's, Ryan Reynolds, Otto Desć, influencers Organizations: Autodesk, Autodesk —, Notre Dame Cathedral

☆ These stocks are on the verge of forming a bullish chart pattern
▼ + stars: | 2023-06-19 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

The market just enjoyed a big relief rally and some stocks are on the verge of breaking out even higher, according to a bullish chart pattern. CNBC Pro used FactSet data to screen the S & P 500 for stocks that are about to form a so-called "golden cross," in which their 50-day moving average breaks above the 200-day trend line. This has been a reliable bullish signal that historically indicates strong rallies on the horizon. Shares have gained 7% this month after the company reported first-quarter results in line with analysts' expectations, according to FactSet. Dow-component Honeywell International is also on the brink of a "golden cross."

Persons: Warren Buffett's Berkshire Hathaway Organizations: CNBC, Software, Autodesk, Honeywell, BlackRock Locations: Capital One

☆ This Black-owned startup is fixing and learning from broken EV charging stations
▼ + stars: | 2023-06-06 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

With electric vehicle adoption accelerating, so too is the need servicing public charging stations. Unlike fixing an old gas pump, some companies are using technology to both service and learn from the stations, to improve EV charging technology. More than one-quarter of public EV charging stations were found to be nonfunctioning, according to a survey done in California by researchers at the University of California, Berkeley, and Cool the Earth, an area nonprofit. barely three years ago and says the company is now servicing EV charging stations across 17 states. That data set can be helpful to network providers, EV and charging station manufacturers, plus governments, according to Terry.

Persons: Terry, ChargerHelp, it's, Vaughn Blake, Lisa Rizzolo Organizations: EV, University of California, Smart, Central, Duke Energy, Southern, Southern California Edison, Blue Bear, Energy Impact Partners, JFF Ventures, Exelon Foundation, Autodesk Foundation, CNBC Locations: California, Berkeley, Central Los Angeles, Southern California

☆ Stocks making the biggest moves premarket: Marvell Technology, Gap, RH and more
▼ + stars: | 2023-05-26 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Marvell Technology — Marvell Technology surged 17% in premarket trading after reporting a top-and-bottom beat in its first quarter. The financial management software firm also named a new chief financial officer, Zane Rowe, and raised the low end of its full-year subscription revenue guidance. Deckers Outdoor — Deckers Outdoor fell 2% in premarket trading. RH — Shares of the retailer fell more than 3% in premarket trading despite RH beating estimates for its fiscal first quarter in a Thursday evening report. It very slightly raised full-year revenue guidance and reaffirmed earnings per share guidance.

Persons: Marvell, Refinitiv, Zane Rowe, RH's, Macheel, Jesse Pound Organizations: Marvell Technology, Marvell, Autodesk, —

☆ Markets next week may keep thinking about what could go right
▼ + stars: | 2023-05-19 | by ( Scott Schnipper | ) www.cnbc.com time to read: +7 min

At least that's the thinking of a small but growing chorus of voices on Wall Street who outline the case for further stock market gains after both the S & P 500 and Nasdaq Composite touched nine-month highs this past week. The VIX was trading around 16-17 late this week, signaling no great fear among professional traders. Walmart and other retailers this week highlighted consumers are spending less freely, but they're still spending , and that drives two thirds of the economy. Even Mark Haefele, chief investment officer at UBS Global Wealth Management, wrote late this week that he has to entertain what could go right in markets, despite the fact his own view is fundamentally bearish. If that "upside scenario" happens, UBS sees global stocks moving 13% higher by the end of December, and the S & P 500 surging another 6% — to north of 4,400.

☆ Charm gets $53 million to turn corn leftovers into oil and inject it into abandoned oil and gas wells
▼ + stars: | 2023-05-18 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +10 min

The 112,000 tons of carbon dioxide that Charm will remove is more than ten times the total quantity of carbon dioxide that has been removed so far with human techniques. "It's sort of a brilliant, but accidental, discovery," Reinhardt told CNBC. "It's a little it's a little odd or unusual, but uniquely American, in that we're basically pumping barbecue sauce into old oil and gas wells," Reinhardt told CNBC. There are about 2 million abandoned oil and gas wells in the U.S., and owner-operators are eager to find another use for them, Reinhardt told CNBC. We will run out of waste biomass long before we before we exhaust the subsurface capacity," Reinhardt told CNBC.

☆ No office tower is safe from the roiling market — not even a trophy building housing Google and Visa deemed one of the best
▼ + stars: | 2023-05-10 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +9 min

Potential problems at One Market Plaza show how far San Francisco's office market may fall. One Market Plaza has long been considered the pinnacle of San Francisco's office market. Autodesk plans to downsize by about 73,000 square feet to 211,000 square feet, a spokeswoman told Insider. Google did not respond to a request for comment on its plans for One Market Plaza. One Market Plaza could indicate how far San Francisco's office woes reachTurbulence at One Market Plaza indicates the extent of the problems facing San Francisco's office market.

☆ Upfront's Mark Suster has become the star of LA's booming startup scene. Not everyone is a fan.
▼ + stars: | 2023-04-18 | by ( Ben Bergman | ) www.businessinsider.com time to read: +29 min

"I have worked with more than 50 VCs and nobody comes close to what it is like to work with Mark Suster," said a founder backed by Suster. "Mark and the Upfront Summit helped put LA tech and investing on the map," said Jeffrey Katzenberg, the cofounder of DreamWorks and WndrCo. Several years ago, a founder whose startup Suster invested in was in a conference room rehearsing their presentation for the Upfront Summit. If you're going to put him on your board, you're letting the fox guard the henhouse. "If you're going to put him on your board, you're letting the fox guard the henhouse."

☆ JPMorgan, H&M join Google, Meta to buy, collectively, more than $1 billion of carbon removal
▼ + stars: | 2023-04-12 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +9 min

"We see Frontier's advanced market commitment as an important demand signal boost for the carbon removal market. Carbon dioxide emissions from energy production topped 36 billion tons last year, according to the International Energy Agency, with total global carbon dioxide emissions projected to have been 40.6 billion tons in 2022, according to the Global Carbon Project. So far, Frontier has spent $5.6 million buying nearly 9,000 tons of contracted carbon removal from 15 carbon dioxide removal startups that are collectively pursuing seven methods. And Living Carbon is a synthetic biology startup working on engineering natural systems to remove carbon dioxide. "However, the science is increasingly clear: Carbon removal is an increasingly necessary tool for limiting warming.

☆ Technology Chiefs Seek Help Wrangling Cloud Costs
▼ + stars: | 2023-03-03 | by ( Belle Lin | ) www.wsj.com time to read: +6 min

Some chief information officers have turned to cloud management tools and established internal teams to oversee their cloud spending. Mr. Nimboorkar said the company has since built a dedicated team to manage its Amazon Web Services spending and invested in a third-party cloud spending management tool. Executives from all three cloud giants have said customers are optimizing or reining in their cloud spending, citing economic factors. Many of the best practices in cloud spending management have been codified by the nonprofit FinOps Foundation, which promotes cloud financial literacy and accountability, she said. That model allows Mr. Kanchi to wholly manage cloud spending, he said, but was only possible after UST figured out how to tag cloud usage by its various business units.

☆ Stocks making the biggest moves premarket: Beyond Meat, Sweetgreen, Adobe, Block and more
▼ + stars: | 2023-02-24 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The meat-alternative company reported a loss per share of $1.05, lower than the expected $1.18, according to Refinitiv. Sweetgreen — Shares of the salad chain shed about 10% after Sweetgreen issued weaker-than-expected revenue guidance for the first quarter and full year, according to Refinitiv. Fourth-quarter revenue also fell short. MercadoLibre — MercadoLibre jumped 5% after the South American e-commerce firm reported fourth-quarter earnings of $3.25 per share on revenue of $3 billion. EOG Resources — EOG Resources slid 3.6% after the energy company reported fourth-quarter earnings, excluding items, that were short of analysts' expectations, according to FactSet.

☆ Stocks making the biggest moves midday: Beyond Meat, Live Nation, Yeti, Boeing and more
▼ + stars: | 2023-02-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Live Nation — The ticker seller fell 9%, despite reporting fourth-quarter revenue of $4.29 billion, up about 60% year over year and topping StreetAccount's estimate of $3.6 billion. EOG Resources — The energy company dropped 5.1% after reporting fourth-quarter earnings, excluding items, that were short of analysts' expectations, according to StreetAccount. Etsy — Etsy slipped 4.8%, a day after gaining more than 2% on its fourth-quarter earnings beat. The company also offered cautious guidance for its first quarter, anticipating $2.95 billion to $3.15 billion in gross merchandise revenue. However, Autodesk beat fourth-quarter expectations on the top and bottom lines, according to Refinitiv.

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