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Ralph Lauren posted earnings of $4.17 per share, while analysts surveyed by LSEG expected earnings of $3.54 per share. PayPal said it anticipates full-year earnings of $5.10 per share, short of the $5.48 per share analysts expected, according to LSEG. S & P Global — Shares dipped 5% following a fourth-quarter earnings miss and disappointing full-year guidance from the financial analytics firm. On the other hand, the company's fourth-quarter revenue of $3.15 billion beat the $3.13 billion analysts had anticipated. Zimmer Biomet — The stock slid 5%, despite the medical device firm posting a fourth-quarter earnings and revenue beat.
Persons: Walt Disney, Ralph Lauren —, Ralph Lauren, Hershey's, FactSet, Kate Spade, Stuart Weitzman, LSEG, Masco, Kellanova, Zimmer Biomet, Johnson, — CNBC's Michelle Fox, Hakyung Kim, Tanaya Macheel, Pia Singh Organizations: PayPal, Arm Holdings —, Hershey —, Intercontinental Exchange, Wynn, P Global, Johnson, LSEG
Shortly after the opening bell, we'll be buying 125 shares of Wynn Resorts at roughly $102.85 each. Following Thursday's trade, Jim Cramer's Charitable Trust will own 500 shares of WYNN, increasing its weighting to 1.55% from 1.17%. Wynn shares traded in the $120s before Covid, and we continue to think the stock can get back to those levels as the recovery in Macao continues. 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: Jim Cramer's, WYNN, Stifel, Wynn, Jim Cramer, Jim Organizations: Wynn Resorts, WYNN, Vegas, Wynn, United, United Arab Emirates, CNBC Locations: Macao, buybacks, Vegas, United Arab, UAE, Covid
3-Stock Lunch: WYNN, PYPL & RL
  + stars: | 2024-02-08 | 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 Email3-Stock Lunch: WYNN, PYPL & RLEva Ados, ERShares CIO, joins 'Power Lunch' to discuss three stock plays including: Wynn Resorts, PayPal Holdings and Ralph Lauren.
Persons: WYNN, Eva Ados, Ralph Lauren Organizations: PYPL, ERShares, Wynn Resorts, PayPal Holdings
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "I've never seen so many stocks go up 7% or more in a day," Jim Cramer said, citing strong performers on Tuesday like chip name Arm Holdings . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, I've, Jim, Nelson Peltz, Wynn, Jim Cramer's Organizations: CNBC, Arm Holdings, Nasdaq, Apple, Nvidia, Disney, Wynn Resorts, The, WYNN
LAS VEGAS (AP) — The Nevada Supreme Court on Thursday dismissed a defamation lawsuit brought by casino mogul Steve Wynn against The Associated Press over a story about two women’s accounts to police alleging he engaged in sexual misconduct. The court cited state anti-SLAPP law in rejecting Wynn's claim that he was defamed in the February 2018 AP article, which cited police documents. SLAPP, or strategic lawsuits against public participation, refers to court filings made to intimidate or silence critics. Photos You Should See View All 21 Images“We believe the Nevada Supreme Court made the right decision," Easton said. The Supreme Court accepted written briefings but did not hear oral arguments again before issuing Thursday's ruling.
Persons: Steve Wynn, , Wynn, Lauren Easton, Easton, Todd Bice, , ” Wynn, Halina Kuta, Ronald Israel, Kuta, Israel's, Bice, Israel Organizations: LAS VEGAS, Nevada Supreme, The Associated Press, Nevada Legislature, AP, Wynn Resorts, Wall Street, Clark, Vegas Locations: Nevada, Chicago
Although fourth-quarter results beat Wall Street estimates, the company's forecast was lower than expected . PayPal said the number of active users fell to 426 million, which was below the Wall Street estimate of 427.17 million, according to StreetAccount. Oscar Health — Shares gained more than 24% due to stronger-than-expected full-year guidance that surpassed Wall Street estimates. The fourth-quarter earnings forecast also topped Wall Street estimates. Monolithic Power Systems — Shares climbed nearly 8% after beating Wall Street estimates in the fourth quarter.
Persons: Disney, StreetAccount, Oscar, Oscar Health —, Wynn, FactSet Organizations: Disney, Epic Games, PayPal, Wall, Oscar Health, Wynn, , Allstate — Stock, FactSet . Arm Locations: LSEG
It appears the strength in the fourth quarter has carried over into the current (first) quarter in all three locations. Macao We're happy to see the strong top-line performance in both Macao locations, even if Wynn Palace's adjusted EBITDAR came up a tad bit short. Total adjusted EBITDAR of $297 million (Wynn Palace and Wynn Macao added together) represents about 85% of Wynn's pre-Covid fourth quarter 2019 level of $348 million in the Chinese special administrative region. Breaking that down, Wynn Palace was still a bit further ahead in its recovery but Wynn Macao is quickly gaining ground. In 2019, Wynn Macao generated $170 million in fourth quarter adjusted EBITDAR.
Persons: , WYNN, Wynn Al Marjan, Wynn, Al Marjan, Wynn Palace's, EBITDAR, Jim Cramer's, Jim Cramer, Jim, Pual Yeung Organizations: Wynn Resorts, Vegas, Boston, Club, LSEG, Super Bowl, United Arab Emirates, Wynn, Wynn Macao, Las Vegas, Bowl, Super, Wynn Interactive, Capital, CNBC, Bloomberg, Getty Locations: Macao, Las Vegas, Boston, United Arab, UAE, China, Wynn Macao, EBITDAR, Vegas Las Vegas, Las, Vegas, New York, Michigan
Jim Cramer said he sees two reasons for the turnaround: "First off, the positive results from its NASH study are bigger than we think. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. A liquid hydrogen tanker truck taking a fuel delivery at the Linde hydrogen plant in Leuna, Germany, on Tuesday, July 14, 2020.
Persons: Jim Cramer, let's, Eli Lilly, NASH, Amgen, Lilly, Linde, We've, Cramer, DuPont, Estee Lauder, Jim Cramer's, Jim, Rolf Schulten Organizations: CNBC, Nasdaq, Air Products, DuPont, Tech, Alto Networks, Disney, Wynn Resorts, Fox, Warner Bros, Netflix, PayPal, Arm Holdings, Jim Cramer's Charitable, Linde, Bloomberg, Getty Locations: We're, U.S, cybersecurity, Macao, Vegas, Leuna, Germany
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. But Jim Cramer said, "It is not a broadening rally. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Eli Lilly, Lilly, Jim, David Simon, Tim Cook's, We're, Edwards Lifesciences, Jim Cramer's Organizations: CNBC, Broadcom, Nvidia, Micro, New York Community Bancorp, Signature Bank, Silicon Valley Bank, Linde, Club, DuPont, Air Products, Chemicals, Simon Property, GE Healthcare, Technology, Apple, Vision, Ford, Motors, Tesla, Enphase Energy, CVS Health, Yum Brands, Disney, Wynn Resorts, Jim Cramer's Charitable Locations: We're, New York, Silicon, China, Amgen
LAS VEGAS (AP) — A union representing hospitality workers says it has reached a tentative agreement with six more hotel-casinos in downtown Las Vegas and called off a strike deadline for another. The agreements averted a Monday morning walkout threat at several near-Strip and downtown properties as the city kicks off Super Bowl week. The culinary and an associated bartenders union are being given more time to reach an agreement with Virgin Las Vegas, an off-Strip resort. The union then turned its attention to winning the same contract terms for workers at other hotel-casinos in Las Vegas. The NFL’s 58th championship game is expected to bring some 330,000 people to Las Vegas this week, according to the Las Vegas Convention and Visitors Authority.
Persons: Wynn Resorts —, El, a.m Organizations: LAS VEGAS, Super, Culinary Workers Union, Downtown, Virgin Las, Vegas, — MGM Resorts International, Caesar Entertainment, Wynn Resorts, Las Vegas Convention, Visitors Authority, Culinary Locations: Las Vegas, Binion’s, Four Queens, Fremont, Virgin Las Vegas, Sahara Las Vegas, El Cortez, Nevada
The three major averages posted gains for the fourth week in row, lifted by strong quarterly earnings results for most of the Big Tech companies and a strong jobs report. A weaker ADP Employment report on Wednesday provided no read-through to the monster January jobs report Friday. Here's what we're keeping an eye on in the coming week: 1. Earnings: It's another big earnings week head for the portfolio, with 8 more of our companies reporting. Consistency is what we appreciate most from nat gas giant Linde , so we're hoping for another quarter of solid earnings growth Tuesday.
Persons: Estee Lauder, Eli Lilly, Mounjaro, Nelson Peltz, Estée Lauder, Tyson, CARR, Jacobs, Willis Towers Watson, Edwards, Walt Disney, Oscar Health, Philip Morris, Armour, BAX, BILL, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Big Tech, Dow Jones Industrial, Nasdaq, PMI, Apple, Starbucks, Procter, Gamble, GE Healthcare, DuPont, Linde, Ford, General Motors, Trian Partners, Disney, ESPN, Wynn Resorts, Wynn, Vegas, Prix, Estée Lauder Companies, Caterpillar, McDonalds Corp, Allegiant Travel, Bowlero Corp, Tyson Foods, TSN, Air Products & Chemicals, IDEXX Laboratories, CNA Financial Corp, CNA, Timken Company, Graham Corporation, Mesa Laboratories, Sphere Entertainment, Loews Corp, Technologies, Vertex Pharmaceuticals, Semiconductors, Simon Property Group, Amkor Technology, FMC Corporation, FMC, BellRing Brands, Crown Holdings, ChampionX Corporation, Golub Capital BDC, Flexsteel Industries, Kilroy Realty Corp, Gladstone Capital Corp, Unibanco, S.A, Snack Foods Corp, Kimball Electronics, Skyline Corp, Cabot Corporation, Simpson Manufacturing Co, Varonis Systems, Co, GE HealthCare, Linde plc, LIN, Spotify Technology S.A, BP, Hertz Global Holdings, AeroSystems Holdings, Toyota Motor Corp, Cummins, CMI, Software Technologies, AGCO Corporation, Carrier Global Corporation, Lear Corp, CONSOL Energy, Centene Corporation, Gartner, Arcbest Corp, CTS Corporation, Energizer Holdings, Hamilton Lane Incorporated, KKR, Precision Drilling Corporation, Frontier Group Holdings, Waters Corp, Alfa Laval, Aramark Holdings Corp, FirstService Corporation, Garden Sports Corp, New Jersey Resources Corp, nVent Electric plc, PJT Partners, Resources, Sensata Technologies, Ford Motor Company, Enphase Energy, Grill, VF Corp, Edwards Lifesciences Corp, Gilead Sciences, Lumen Technologies, Cognizant Technology Solutions Corp, Weatherford International plc, Amcor plc, Arrowhead Pharmaceuticals, Advanced Energy Industries, Uber Technologies, CVS Health, Roblox Corporation, Ares Capital Corp, Bunge, XPO Logistics, Scotts Miracle, Gro Company, Berry Global, Flex LNG, Equinor ASA, Griffon Corporation, OneMain Holdings, Brookfield Asset Management, Emerson Electric Co, Hilton Worldwide Holdings, Reynolds Consumer Products, Silicon Laboratories, Brands, Sciences, CDW Corp, Fox Corporation, WYNN, PayPal, Arm Holdings plc, ARM, Axcelis Technologies, Mattel, Paycom, Annaly Capital Management, McKesson Corp, Health Corporation, O'Reilly Automotive, Allstate Corp, Fluence Energy, Power Systems, Digital Turbine, Blue Bird Corp, Everest Group, Omega HealthCare, Coty, COTY, ConocoPhillips, Cameco Corp, Philip Morris International, Spirit Airlines, Hershey Company, Lightspeed Commerce, Aurora Cannabis, Lincoln National Corp, P, Tenet Healthcare Corp, Asbury Automotive Group, Arrow Electronics, Baxter International, PetMed, Boyd Gaming Corp, FirstEnergy Corp, Motorola Solutions, Terex Corp, PepsiCo, Growth, AMC Networks, Owl, American Pipeline, TELUS International, Magna International, Newell Brands, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, China, Macau, Wynn Macau, Valvoline, VVV, ALFVY, Madison, New Jersey, Gilead, Ceridian, ORLY, Paycor, Aurora, Provo , Utah
Wall Street continues to climb a wall of worry even as investors deliberate how much longer equities can maintain their record run. But questions remain for investors after some major disappointments in an intense week suggested more challenges ahead. Apple dropped 3% this week after reporting lackluster earnings, weighing on the Dow Jones Industrial Average. Elsewhere in corporate earnings, regional banks as represented by the SPDR S & P Regional Banking ETF slid 7% after poor results from New York Community Bank spurred investor fears of a wider contagion. Signs of market weakness For investors, there may be more issues in the market going forward in 2024.
Persons: Stocks, Jerome Powell, Apple, Scott Rubner, Goldman Sachs, Rubner, Russell, Liz Ann Sonders, Charles Schwab, CNBC's, Sonders, Lehman, Raymond James, Josh Beck, James McCann, Abrdn, McCann, Rhys WIlliams, Williams, it's, Art Hogan, They're, Hogan, Estee, Eli Lilly, Ralph Lauren, Rowe Price, Philip Morris Organizations: Meta, Dow Jones, Regional Banking, New York Community Bank, Bank, Microsoft, Nvidia, Apple, Markets, Wayve Capital Management, Riley, Atlanta, PMI, Simon Property, Companies, Tyson Foods, Semiconductor, Caterpillar, Prudential Financial, Ford Motor, Enphase Energy, GE Healthcare Technologies, Consumer, Walt Disney Co, Wynn Resorts, PayPal, Brands, CVS Health, Hilton Worldwide, Uber Technologies, Costco Wholesale, Motorola Solutions, Expedia, Rowe Price Group, ConocoPhillips, The Hershey Co, Philip Morris International, PepsiCo Locations: China
(Luca) Jim Cramer: I am getting over the pain of Morgan Stanley but not the simmering anger. Jeff Marks: A general rule of thumb is look for a pullback of about 3% to 5% to put some on. Jeff Marks: You should do what you are comfortable with but a general rule of thumb is five to ten. (Austin) Jim Cramer: We made a nice sale in CAT, sold half of the position. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer's, Jeff Marks, Brian, Jim Cramer, Eaton, There's, Jim, Morgan Stanley, gravitating, Goldman Sachs, Ted Pick, Luca, Eli Lilly, Jenny, I'm, We've, Palo, Dan, I've, Max, Carly Garner, CTRA, We're, we'd, Ford, Estee Lauder, Kimberly, didn't, , Mike, that's, Austin, it's, Jim Umpleby, Bill, Jason Robins, Jason, DraftKings, They're, Sandy, WYNN Organizations: Investing Club, Abbott Laboratories, Wealth Management, Disney, Fed, Palo Alto Networks, Microsoft, Nvidia, Nasdaq, Club, Energy, Ford, Bronco, CME Fed, Caterpillar, China, Wynn Resorts, DuPont, CNBC Locations: IPOs, New York City, Palo Alto, China, California, Texas, Macao
Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Since there's no specific news on the stock moves and it could be that investors were taking some profits after their big runs. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Eli Lilly, Estee Lauder, LVMH, Ford, Tesla, Jim, Dupont, it's, Jim Cramer's Organizations: CNBC, Broadcom, Tesla, Federal Trade Commission, Microsoft, Wynn Resorts, Vegas Sands, Macao, ICE, Costco, Dow Inc, Dow, Jim Cramer's Charitable Locations: China, Palo Alto
Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Investors tend to assign a premium to software revenue because it is often recurring and higher margin than hardware. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) 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: Jim Cramer's, Jim, downgrades, preorders, we've, Jim said, Salesforce, Baird, Dupont De, Dupont, Walt Disney, Nelson Peltz, Estee Lauder, Fabrizio Freda, We've, he's, it's, Locker, Mary, Vimal Kapur, Eli Lilly, Lilly, Meta's Ray, Morgan Stanley, Ted Pick, James Gorman, , chipmaker, It's, hasn't, Stanley Black, Decker, Wells, Charlie Scharf, We'll, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, mojo, Vision Pro, Broadcom, VMWare, Bausch Health, Caterpillar, Dupont, Costco Wholesale, Coterra Energy, Dupont De Nemours, Disney, Eaton Corp, Ford, Holding, Federal Reserve, GE Healthcare, Wall, Google, Honeywell, Boeing, Airbus, Linde, Facebook, Microsoft, Nvidia, Alto Networks, Palo Alto, Procter & Gamble, Constellation Brands, Modelo, TJX, Wynn Resorts, We've, Wynn, Jim Cramer's Charitable Locations: China, Indonesia, Brazil, India, U.S, Shenzhen, We're, Eaton, Ford, That's, Palo, Palestine, Wells Fargo, Wynn, Macau
CNBC's Jim Cramer said Wednesday that China's big monetary policy easing overnight to boost its economy and stock market presents investors with a short-term trading opportunity. This type of monetary policy stimulus is about giving banks more incentives to lend to kickstart the economy. But he said Wednesday that China's monetary policy move to reduce what banks must hold in rainy day funds could be the thing that helps the economy turn the corner. While the Club waits for its China-tied stocks to bounce back, Cramer said during Wednesday's Club meeting that he felt compelled to share the China trades. Club members can watch a replay of January's Monthly Meeting below : (Jim Cramer's Charitable Trust is long EL, SBUX, WYNN.
Persons: CNBC's Jim Cramer, Cramer, Goldman Sachs, It's, Estee Lauder, Jim Cramer's, WYNN Organizations: Baidu, PDD Holdings, CNBC, Club, Goldman, Wynn Resorts, Wednesday's Locations: U.S, China's, China
Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Disney stock was up about 5% year to date at $95 apiece late Monday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Gamble, Nelson Peltz, Peltz, Bob Iger, Jim, Stanley Black, Decker, Linde, Jim Cramer's Organizations: CNBC, Microsoft, Dow, Procter, Netflix, Disney, Trian Partners, GE Healthcare, Wynn Resorts, Constellation Brands, Jim Cramer's Charitable Locations: Amazon, China
That helped push Apple shares higher too. Jim observed that in this continued era of efficiency, once again if companies downsize, their stocks go higher. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Jim, they've, Nelson Peltz, Disney, I'm, Nelson, Gamble, Eli Lilly, Jim Cramer's Organizations: CNBC, Taiwan Semiconductor Manufacturing Company, Apple, Bank of America, Nvidia, Amazon, MGM Studios, Disney, Procter, Ford, Wynn Resorts, Broadcom, Meta, Jim Cramer's Charitable Locations: Bank
Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Locker, Linde, Estee Lauder, Ford, Jim Cramer's, Jim Organizations: CNBC, Utilities, Treasury, Humana, Wynn Resorts, GE Healthcare, Caterpillar, UBS, Energy, UAW, Jim Cramer's Charitable Locations: China
New economic data out of China on Wednesday shows the world's second-largest economy is still struggling to bounce back from the pandemic. China's GDP for the last three months of 2023 grew by 5.2%, according to China's National Bureau of Statistics. But the latest disappointing economic data puts pressure on policymakers to act again to boost the economy. The 2023 bounce back from Covid-19 restrictions did not go as expected, but we believe the stocks' declines already reflect China headwinds and that the Chinese economy will regain its footing in time. We simply can't sell this casino operator because once it's clear the Chinese economy has stabilized, the stock is going to rally.
Persons: Estee Lauder, Morgan Stanley, It's, Wynn, Jim Cramer's, WYNN, Jim Cramer, Jim, Pan Jianyong Organizations: Wynn Resorts, China's, National Bureau of Statistics, Reuters, Starbucks, CNBC, Co, Getty, Visual China Locations: China, Covid, U.S, Mainland China, Macao, Las Vegas, MEISHAN, CHINA, Sichuan, Meishan, Sichuan Province
Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. If we get a sell-off in January, Eaton is a logical place to look to buy, Jim said. Procter & Gamble : It's possible that 2024 is a better year for P & G the company than P & G the stock, Jim said. 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: Jim Cramer's, Jim, they'll, we've, there's, he'd, Dupont De, Ed Breen, Danaher, Walt Disney, Bob Iger, Trian's Nelson Peltz, Estee Lauder, Bausch, we're, Eaton, Mary, Eli Lilly's, he's, Vimal Kapur, Kapur, We've, Eli Lilly, Mark Zuckerberg, Morgan Stanley, Morgan, Elliott, Stanley Black, Decker, TJ Maxx, Charlie Scharf, it's, Jim Cramer, Virginia Sherwood Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Broadcom, VMWare, Bausch, Bausch Health, Charitable Trust, Caterpillar, Federal, Costco Wholesale, Coterra Energy, Dupont De Nemours, Fed, Walt, Eaton Corporation, Ford, GE Healthcare, Google, Honeywell, New, Facebook, Meta, Reality Labs, Microsoft, Activision Blizzard, Nvidia, AMD, Apple, Palo Alto Networks, Procter & Gamble, Constellation Brands, Elliott Management, Constellation, Modelo, Corona, Street, TJX, TJ, Wynn Resorts, Jim Cramer's Charitable, NYSE Locations: hospitalizations, China, U.S, Palestine, Wells Fargo
After closing at its highest level of 2023 on Friday , the first day of December, the S & P 500 fell Monday. A mixed picture is revealed when looking at how every Club stock has performed in December over the past decade. The best-performing Club stock over the past 10 Decembers is Broadcom (AVGO), which has an average gain of 7.1% in the month. Salesforce (CRM) is the worst-performing Club stock in December over the past decade, falling 4.53% on average in the month. Amazon (AMZN), Coterra Energy (CTRA) and Costco (COST) round out the bottom five December performers over the past decade.
Persons: Sam Stovall, Santa Claus, hasn't, It's, Thursday's, Estee Lauder, Eli Lilly, , Jim Cramer's, Jim Cramer, Jim, Tayfun Organizations: GE Healthcare, Broadcom, Procter & Gamble, Wynn Resorts, WYNN, Salesforce, Ford, Palo Alto Networks, Coterra Energy, Costco, Amazon, Caterpillar, Jim Cramer's Charitable, CNBC, Wall, York Stock Exchange, Financial, Anadolu Agency, Getty Locations: Santa, Broad St, New York City, United States
On the flip side, some oversold names could be due for some near-term gains. A 14-day RSI reading above 70 typically indicates that a stock is overbought and could face a pullback. Here are some of the most overbought names: Equifax was the most overbought name on the list, with a 14-day RSI reading of 97.13. Other overbought names on the list include BlackRock and Northern Trust . Stocks that are oversold include Cigna , which has a 14-day RSI of 20.49.
Persons: Equifax, Shlomo Rosenbaum, Nick McKay, McKay, Cigna, Hormel, Fred Imbert Organizations: Dow Jones Industrial, Nasdaq, CNBC, BlackRock, Northern Trust, CNBC Pro, Street, Humana, Cisco, Wynn Resorts, Locations: Equifax, 2H24
Las Vegas hospitality unions ratify contract with Wynn Resorts
  + stars: | 2023-11-23 | by ( ) www.reuters.com   time to read: +1 min
Nov 22 (Reuters) - Unions representing hospitality staff in Las Vegas said on Wednesday that workers employed at Wynn Resorts (WYNN.O) have voted in favor to ratify a new five-year contract, days after similar moves by its competitors Caesars Entertainment (CZR.O) and MGM Resorts International (MGM.N). The unions, which represent about 5,000 employees at Wynn Resorts properties, said 99% of its members voted in favor of the new agreement. Earlier this week, union members at Caesars and MGM voted to ratify their contracts. The total compensation won by the Culinary Union for workers employed at MGM Resorts, Caesars Entertainment, and Wynn Resorts casino properties is about $2 billion over the five-year contract, according to Ted Pappageorge, secretary-treasurer at Culinary Union . Meanwhile, the unions said separate negotiations for 10,000 workers including cooks, bartenders and housekeepers, are ongoing with 24 smaller casinos and resorts for a new five-year contract.
Persons: Wynn, Ted Pappageorge, Mrinmay Dey, Sonia Cheema Organizations: Wynn Resorts, Caesars Entertainment, MGM Resorts International, Caesars, MGM, Culinary Union, MGM Resorts, Las, Thomson Locations: Las Vegas, United States, Bengaluru
Ferrari driver Carlos Sainz of Spain drives past the Sphere during the F1 Las Vegas Grand Prix on Saturday, November 18, 2023 on the Las Vegas Street Circuit in Las Vegas, NV. When Formula One came to Las Vegas, it brought a level of glitz and glamor rivaled only by Monaco. "Las Vegas is now the sporting capital of the world, combined with the entertainment capital of the world. "We think all the largest events in the world belong in Las Vegas. They encouraged Formula One ticket-holders to support workers by avoiding casinos or hotels mired in the labor standoff.
Persons: Carlos Sainz, Ted Pappageorge, weren't Organizations: Vegas, Las Vegas, Circuit, Monaco, Bartenders Union, MGM Resorts, Caesars Entertainment, Wynn Resorts, Culinary Union, Formula, NBC News Locations: Spain, Las Vegas, NV, Sin City, Vegas
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