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Morgan Stanley reiterates Target at overweight Morgan Stanley stood by its overweight rating on the department store owner. Morgan Stanley reiterates Salesforce as overweight Morgan Stanley said it likes the setup heading into earnings later this week. Morgan Stanley upgrades HashiCorp to overweight from equal weight Morgan Stanley said the software company has a compelling valuation. Morgan Stanley upgrades AvalonBay to overweight from equal weight Morgan Stanley said apartment REIT stocks like AvalonBay are '"cheap for a reason." Morgan Stanley upgrades Sun Country to overweight from equal weight Morgan Stanley said it likes the airline's business model.
Persons: Goldman Sachs, Goldman, Morgan Stanley, Salesforce, Rosenblatt, Jefferies, Amer, Wells, Jane Fraser, Roth MKM, Roth, TD Cowen, TD, DA Davidson, OW, Fannie Mae, KBW, Freddie, Truist, it's, Piper Sandler, Piper, Bentley Organizations: Nvidia, BMO, Apollo, Amer Sports, Citi, Citigroup, Bank of America, KKR, APO, BJ's Wholesale, D.A, Susquehanna, Energy, HSBC downgrades Moderna, HSBC, Moderna, Google, YouTube, " Bank of America, Omega Healthcare, Sun, DuPont's Mobility, JPMorgan, Navy, Bentley Systems Locations: USD75, Asana, ASAN
Roach is even more bullish than many on Wall Street with a price target of $21 per share. Like many peers on the Street, she sees the company getting a boost from market share growth and an expansion of direct-to-consumer. Multiple analysts deemed Arc'teryx the "crown jewel' of Amer's portfolio. Though Arc'teryx provides a key reason for bullishness, analysts also have their eyes on other well-known brands in the portfolio. "But, the business faces an uncertain 1H24 wholesale backdrop, & comes with single-segment growth & profitability expansion reliance, multi-brand portfolio volatility risk, & high relative leverage levels."
Persons: Wilson, Arc'teryx, FactSet, Goldman Sachs, Brooke Roach, Roach, She's, Amer, Lorraine Hutchinson, Matthew Boss, Paul Lejuez, Salomon, Baird, Jonathan Komp, Amer's, Jay Sole, Morgan Stanley, Alex Straton, Straton Organizations: Amer, New York Stock Exchange, DTC, Bank of America, Amer Sports, Citi, UBS Locations: China
HashiCorp — Shares of the software company popped 8% on the back of an upgrade by Morgan Stanley to overweight from equal weight. Berkshire Hathaway — Class B shares of Warren Buffett's conglomerate climbed nearly 3% on the back of a nearly 30% year-over-year surge in operating earnings for the fourth quarter. Monday.com — Shares ticked up 2% after Bank of America initiated the coverage of the cloud platform company with a buy rating. Fluence Energy — Shares added more than 5% after an upgrade to positive from Susquehanna Financial. Amer Sports — Shares popped 6% following a slew of positive initiations for the athletic company, which manufacturers the Wilson tennis racket.
Persons: HashiCorp, Morgan Stanley, Monday.com, Michael J, Funk, Biju Perincheril, Wilson, Amer Sports, Goldman Sachs, , Jesse Pound, Michelle Fox, Lisa Kailai Han Organizations: Berkshire Hathaway —, Warren, JPMorgan, Bank of America, Fluence Energy, Susquehanna Financial, HSBC, Amer, Citi
Donald Trump's fraud verdict targets three things he values dearly: his cash, his New York business address, and the Trump Organization steering wheel. Otherwise, as Engoron noted in his verdict, Trump, his company, and his sons, Donald Trump Jr. and Eric Trump, "are likely to continue their fraudulent ways." In previous years, Trump has settled allegations of fraud involving the Trump Foundation, Trump University, and the 2017 Inaugural Committee, Amer pointed out in closings. The same day James concluded her initial investigation and filed her massive Trump fraud lawsuit, on September 21, 2022, Trump incorporated "Trump Organization II" in what her office worried was an attempt to shift and protect assets. Advertisement"In short," they added, Trump and Trump Organization leadership "have proven themselves incapable, time and again, of following the law."
Persons: Trump, Donald Trump's, , he's, Letitia James, Arthur Engoron, James, he'll, Barbara Jones —, Judge Jones, Jones, Engoron, Donald Trump Jr, Eric Trump, Cushman, Trump's, Allen Weisselberg, Patrick Birney, Birney, Weisselberg, Donald, — Trump, Andrew Amer, Amer, — Jones, Jean Carroll, Kevin Wallace, Christopher Kise, Kise, She's Organizations: NY, Trump Organization, Trump, GOP, New York, Deutsche Bank, Mazars, Trump Org, Trump Foundation, Trump University, New, Independent Monitor Locations: New York, Mazars USA, Wakefield, Trump
Donald Trump, Jr., and Eric Trump are executive vice presidents at the Trump Organization. AdvertisementSince January of 2017, Donald Trump, Jr., and Eric Trump have run their father's real-estate empire as "co-CEOs," as lawyers for New York's attorney general like to call it. "I was focused on pouring concrete," Eric Trump had said in a pre-trial deposition, during which he pleaded the Fifth some 500 times. Like his little brother, Don Trump, Jr., was guarded when called to the witness stand. In the litigation with the New York attorney general's office, Eric Trump and Donald Trump, Jr. have been primarily represented by Clifford S. Robert.
Persons: Donald Trump , Jr, Eric Trump, Don Jr, Eric, , Donald Trump Jr, Arthur Engoron, Trump, Donald Trump, KENA BETANCUR, Letitia James, Engoron, James, Andrew Amer, Amer, that's, It's, Whitley Penn, Don Trump, Jr, David Dee Delgado, Ivanka Trump, Allen Weisselberg, Jeff McConney —, Barron, Tiffany Trump, Clifford S, Robert Organizations: Trump Organization, Service, New, Trump, Getty, Locations: New York, York, AFP, Springs
Smoke billows during Israeli bombardment over Rafah in the southern Gaza Strip on February 12, 2024. In a statement Monday, Hamas condemned what it said was a “horrific massacre” by Israel against civilians in Rafah. ‘The dead are better than us’For the more than one million Palestinians in the southern city, the expected push into Rafah is causing alarm and fear. Rafah is the last major population center in Gaza not occupied by the Israeli military. Olfat Hamdan said she had witnessed dead bodies on the streets of Gaza City, noting that “nobody was able to drag them or move them.”“What have I seen?
Persons: Abu Yousef Al, Rafah’s, Fernando Simon Marman, Louis Har, Nir Yitzhak, Smoke, Said Khatib, Danial Hagari, , Jens Laerke, Benjamin Netanyahu, , Stéphane Dujarric, Israel’s, Netanyahu, Joe Biden “, Israel, ” Netanyahu, We’re, , , ” Mohammad Jamal Abu, Khan Younis, El, ” Mahmoud Khalil Amer, Al, Tal, ” Abdul Kareem Al, Qaseer, Olfat Hamdan Organizations: CNN, Palestine Red Crescent Society, Najjar Hospital, Israel Defense Forces, Israel Security Agency Shin Bet, Police, Getty, UN Office, Humanitarian Affairs, Human Rights, United Nations, UN, United Kingdom, Sunday, UN’s Security, Maxar Technologies, ABC News, IDF, , Hamas, of Health Locations: Palestine, Gazan, Rafah, Shaboura, Gaza, AFP, Sheba Tel Hashomer, Israel, Israeli, Hamas’s, , Aqsa, Qatar, Saudi Arabia, Egypt, United, Saudi, Gaza City, Al Shati, , People, Tal El Hawa, Khan
Living Among the Dead: Gaza Families Seek Shelter in Cemetery
  + stars: | 2024-02-06 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: +3 min
"People were forced to come here to this safe place, which is the cemetery among the dead," said Amer, who is displaced from Al-Shati refugee camp in northern Gaza with 11 family members including children and grandchildren. Israel has threatened to storm the area with tanks when it finishes a battle in Khan Younis just north of it. The cemetery has neat rows of low cement graves that pre-date the war, with plants and flowers growing on them, inscriptions and peeling paint. "The dead are in comfort while we, the living, are in pain and going through very tough conditions. "I see the children, our children, playing among and above the graves," said Amer.
Persons: Mohammed Salem, Mahmoud Amer, Amer, Israel's, Khan Younis, Estelle Shirbon, Peter Graff Organizations: Al Locations: Mohammed Salem RAFAH, Gaza, Rafah, Israel, Egypt, Palestinian
DOHA, Qatar (AP) — With China sitting out the first two diving events, other nations got a chance to shine on Day 1 of the World Aquatics Championships. Australia's Alysha Koloi won the women's 1-meter springboard, while the British squad led by Olympic gold medalist Tom Daley claimed gold in the mixed team. At last year's world championships in Fukuoka, China won 12 of 13 events and captured 19 medals in all. Daley, who won a gold medal in the 10-meter synchro at the Tokyo Olympics, claimed his first international title since taking a year-long break from the sport. The other members of the Australian bronze medal team were Li Shixin, Maddison Keeney and Nikita Hains.
Persons: Australia's Alysha Koloi, Tom Daley, Grace Reid, Egypt's Maha Amer, Amer, Daley, Scarlett Mew Jensen, Daniel Goodfellow, Andrea Spendolini Sirieix, Gabriela Agundez Garcia, Randal Willars Valdez, Jahir Ocampo Marroquin, Aranza Vazquez Montano, Cassiel Rousseau, Rousseau, Li Shixin, Maddison Keeney, Nikita Hains, ___ Organizations: China, British, Olympic, Tokyo, Paris Games Locations: DOHA, Qatar, China, Doha, Paris, Fukuoka, Cairo, U.S, Arkansas, Florida, Australia
Wilson products at the Paragon Sports store in the Chelsea neighborhood of New York on Jan. 4, 2024. Amer Sports, the Finnish athletic company behind the Wilson tennis racket and Arc'teryx, debuted on the public markets Thursday at $13.40 a share after pricing its IPO at a discount. The offering values Amer at about $6.3 billion, down from a previous valuation of up to $8.7 billion. Amer's decision to discount its IPO came after Federal Reserve Chair Jerome Powell indicated the central bank isn't ready to start cutting rates, casting a pall over market sentiment and the floundering IPO market. Wall Street has been eager to see a resurgence in the IPO market after it grounded nearly to a halt over the past two years, but recent debuts, including from German shoemaker Birkenstock , have been muted and failed to impress.
Persons: Wilson, Amer, Jerome Powell, Birkenstock Organizations: Paragon Sports, Wilson, New York Stock Exchange Locations: Chelsea, New York, Finnish
Amer Sports begins trading
  + stars: | 2024-02-01 | 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 EmailAmer Sports begins tradingSteve Weiss, Josh Brown and Sarat Sethi weigh in on their expectations for capital markets amidst the new IPO coming to market.
Persons: Steve Weiss, Josh Brown, Sarat Sethi Organizations: Amer Sports
Even though the IPO market is heating up, CNBC's Jim Cramer said he thinks it's been "hit or miss" so far. He told investors not to buy Amer Sports, which debuted Thursday at a discount, saying the company has a poor balance sheet. "And, I've got to tell you, Amer Sports is a great example of the kind of deals I wish we weren't seeing." Saddled with $2.1 billion in debt, Amer Sports has a balance sheet that is "less than ideal," according to Cramer. Cramer conceded that Amer Sports has seen decent growth over the last few years, but much of that growth came from sales in China.
Persons: CNBC's Jim Cramer, it's, I've, Wilson, Arc'Teryx, Cramer, Amer Organizations: Amer Sports, Birkenstock, BrightSpring, Amer Locations: Amer, China
The IPO market is looking very shaky and confronted with a host of challenges that are holding it back. Regardless, recent IPO performances have been poor across the board. IPO investors cheered the advance by bidding up the Renaissance Capital IPO ETF (IPO), a basket of recent IPOs, in December, assuming the IPO market would open up. CNBC's Jim Cramer, speaking early Thursday on Squawk on the Street , highlighted another obstacle for IPO buyers: investors are getting comfortable returns elsewhere with far lower risk. When David Faber asked why the IPO market was off to such a slow start with the markets so strong, Cramer replied, "I think it's the five percent solution," he said, referring to the ocean of money still sitting in money market funds.
Persons: Jay Powell's, Birkenstock, Smith Douglas, Amer, Greg Martin, Martin, Matt Kennedy, Kennedy, What's, Rainmaker, Del, CNBC's Jim Cramer, David Faber, Cramer Organizations: Amer, Wilson, NYSE, Smith Douglas Homes, BrightSpring, Renaissance Capital, Rainmaker Securities, Renaissance, Microsoft Locations: EBITDA, Squawk
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmer Sports is looking like another out of favor IPO, says Jim Cramer'Mad Money' host Jim Cramer looks at the latest IPO to hit the market, Amer Sports.
Persons: Jim Cramer Organizations: Amer, Amer Sports
Amer Sports debuting on NYSE
  + stars: | 2024-02-01 | 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 EmailAmer Sports debuting on NYSEJames Zheng, Amer Sports CEO, joins 'Money Movers' to discuss the company's decision to go public, the engine of growth among the company's brands, and Amer Sports' growth in China.
Persons: NYSE James Zheng, Amer Organizations: Amer, NYSE James Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe best thing I can say about Amer Sports is its had good growth for a couple years: Jim Cramer'Mad Money' host Jim Cramer looks at the latest IPO to hit the market, Amer Sports.
Persons: Jim Cramer Organizations: Amer Sports Locations: Amer
CNN —A New York state judge has the future of Donald Trump’s business empire in his hands. The civil lawsuit from New York Attorney General Letitia James, a Democrat, is seeking $370 million from Trump and the other defendants (the figure was originally $250 million). The back and forth between the judge, Trump and the former president’s lawyers during the trial was repeatedly heated. “What evidence do you have – I just haven’t seen it – that they knew that there was fraud?” Engoron asked. Furthermore, Trump says, companies like Deutsche Bank wanted to do business with Trump Org.
Persons: Donald Trump’s, Judge Arthur Engoron, Trump, Letitia James, Engoron, What’s, James, , Andrew Amer, Allen Weisselberg, Jeff McConney, Mr, ” Amer, , ” Engoron, Donald Trump Jr, Eric Trump, Ivanka Trump, belittle James, colluding, ” Trump, I’m, “ It’s Organizations: CNN, New York, Democrat, Trump, disgorgement, Trump Organization, Trump Org, Deutsche Bank, Engoron Locations: York, New, Mar, New York, Westchester County , New York
Yet the main IPO ETF, the Renaissance Capital IPO ETF ( IPO ), has been for sale most of the month. "For the IPO market to open up, it would help not to have our IPO ETF down 9%," he said. Forge Global maintains a Private Market Index , a measure of 75 late-stage pre-IPO companies. "This tells you valuations are getting reset in the private market," Ng told me. Can AI save the IPO market?
Persons: Matt Kennedy, Homebuilder Smith Douglas, Don Short, Salomon, Wilson, Howe Ng, Ng, Del, Waystar, Kim Kardashian's, Short, Vincent Harrison Organizations: Renaissance Capital, Nasdaq, Amer Sports, Arc'teryx, Forge, SEC, Companies, Reuters, Auto, Turo, CNBC, Microsoft, Gaming, SpaceX, Forge Global Locations: Kazakhstan, IPOs, Pitchbook
By Nidal al-Mughrabi and Ibraheem Abu MustafaDOHA/GAZA (Reuters) - The toll of Palestinians killed in Israeli strikes on Gaza since Oct. 7 has passed 25,000, health officials in the enclave said on Sunday, amid heavy Israeli strikes and street battles raging across the Hamas-run Strip. Gaza's health ministry said 178 Palestinians were killed in the past 24 hours, one of the deadliest days so far of the war. A total of 25,105 Palestinians have been killed and 62,681 have been injured in Israeli strikes since Oct. 7, the Gaza ministry said in a statement. Finding food for the family, for the children, has become a more challenging adventure than surviving war," Amer, 32, a father of three who lives in northern Gaza, told Reuters. The Palestinian Health Ministry there said Israeli forces have killed 360 Palestinians since Oct. 7.
Persons: Nidal, Abu Mustafa, Khan Younis, Amer, Gazans, Anas Al, Sami Abu Zuhri, Ali Sawafta, Ari Rabinovitch, Nidal al, Frances Kerry Organizations: Hamas, Reuters, West Bank, Palestinian Authority, Palestinian Health Ministry Locations: Abu Mustafa DOHA, GAZA, Gaza, Jabalia, Israel, Hamas, Gaza City, Palestinian, Sharif, Rafah, Ramallah, Jerusalem
After a tepid year in the IPO market, investors are hopeful 2024 will bring about a return to form. But the IPO market cratered in 2022 after the Federal Reserve's aggressive rate hiking campaign collapsed investor demand for growth stocks. But happier days could be ahead for the IPO market in 2024. According to Linqto's 2024 IPO Sentiment Survey released Thursday, only a little more than half, 52%, of 2,500 traders polled are anticipating a significant recovery in the IPO market this year, suggesting "cautious optimism" ahead. "There's a lot more optimism for the IPO market," said Akshata Bailkeri, head of research at EquityZen, a platform for pre-IPO activity.
Persons: Akshata Bailkeri, Bailkeri, Wilson, EquityZen's Bailkeri, Shein, Shein confidentially, Reddit, that's, ​ Andrew Low Ah Kee, Low Ah Kee, Ah Kee, Skims Skims, Kim Kardashian, Andy Muir, Muir, Jordan Brand, Amer, Roxanna Islam, Troy Gayeski, Gayeski, EquityZen's Organizations: Robinhood, Ford, Amer Sports, CNBC, U.S, Reuters, National Football League, Commerce, Nike, Wilson, FS Investments, U.S . Census, World Bank Locations: Snowflake, IPOs, Silicon, China, Opendoor, U.S
The judge nixed that plan; meanwhile, on December 11, Trump will be his own final defense witness. In her 12 months as Trump Org's independent watchdog, Jones, a retired federal judge, has repeatedly described Trump Org's ongoing difficulties with thoroughness and transparency. New York Unified Court System"Were you aware that Judge Jones had prepared a report, saying that certain reporting has been incomplete?" "Were you aware that Judge Jones had identified such inconsistencies?" It is the ninth week of trial, and the third week of Trump's defense case.
Persons: Barbara Jones, Trump, , Donald Trump's, Arthur Engoron, Jones, Andrew Amer, Letitia James, Judge Jones, Amer, Mark Hawthorn, Hawthorn, Clifford Robert, Robert, Christopher Kise, Kise, I'm, Engoron, Eric Trump, Donald Trump Organizations: Trump, Service, Trump Organization, Trump Organization . New York Unified, Hawthorn Locations: New York, Manhattan, Trump's
NEW YORK (AP) — Donald Trump's company no longer prepares the sweeping financial statements that New York state contends were full of deceptive numbers for years, an executive testified Monday at the former president's civil fraud trial. Trump's 2014 to 2021 “statements of financial condition” are at the heart of state Attorney General Letitia James' lawsuit against him, his company and some of its key figures. The defendants deny wrongdoing, but James says they misled lenders and insurers by giving them financial statements that greatly inflated Trump's asset values and overall net worth. Trump asserts that his wealth was understated, not overblown, on his financial statements. During cross-examination, Hawthorn acknowledged that Trump's financial statements could have been audited by the company, rather than just compiled, though he noted that auditing wasn't required.
Persons: — Donald Trump's, Letitia James, James, Mark Hawthorn, wasn't, , Clifford Robert, Andrew Amer, Trump, Arthur Engoron, Michael R Organizations: Trump Organization, Trump, Hawthorn, Republican, Democrat, ___ Associated Press Locations: York, spokespeople, New York, ___, Sisak
RAFAH, Gaza Strip (AP) — Hamas on Friday released 24 hostages who had been held captive in Gaza for weeks, and Israel freed 39 Palestinians from prison in the first stage of a swap under a four-day cease-fire deal. The freed hostages included 13 Israelis, 10 people from Thailand and one from the Philippines, according to Qatar. The freed Israeli hostages included eight women — six of them in their 70s and 80s — and three children. FIRST HOSTAGES FREEDAfter nightfall Friday, a line of ambulances emerged from Gaza through the Rafah Crossing in Egypt, carrying the freed hostages, according to live footage on Egypt’s state-run Al-Qahera TV. Israel said the four-day truce can be extended an extra day for every additional 10 hostages freed.
Persons: Israel, Benjamin Netanyahu, , ” Shelli Shem Tov, Omer Shem Tov, I’m, Omer, Ofer, , Sofian Abu Amer, Majed al, Ansari, Yoav Gallant, Netanyahu, ___ Federman, Jeffery, Bassem Mroue, Julia Frankel Organizations: West Bank, Israel’s, Foreign Ministry, Qatar, Israeli’s, . Police, Palestinian Prisoners ’ Club, FIRE, Associated Press, Hezbollah, Israeli, Gaza Health Ministry, Women Locations: RAFAH, Gaza, Thailand, Philippines, Qatar, Israel, Rafah, Egypt, Egyptian, Tel Aviv, Thai, U.N, Northern Gaza, Gaza City, Lebanon, United States, Jerusalem, Cairo, Beirut, israel
Trump attorney Alina Habba motioned to a court officer to bring him a box of tissues. At one point while reviewing his own handwritten notes, McConney acknowledged his memory was “incorrect” about a specific disclosure on Trump’s statement. Amer showed the court handwritten notations from McConney on 2021 financial statement drafts. Among the 2021 notes, the former controller wrote that Eric Trump needed to review the footnotes for the section on club facilities. On another page McConney wrote that Eric and his brother Donald Trump Jr, both defendants in the case, should review the statements.
Persons: Jeff McConney, , ” McConney, Jesus Suarez, Donald Trump, McConney, Alina Habba motioned, Arthur Engoron, , wouldn’t, he’s, Andrew Amer, Mazars, Donald Bender, Amer, Patrick Birney, Eric Trump, Eric, Donald Trump Jr, , Mark Hawthorn Organizations: New, New York CNN, Trump Organization, Trump Org, Trump, Trump Hotels, Deutsche Bank Locations: New York
The Trump civil fraud trial is now in its eighth week in New York. A handwritten note that implicates Donald Trump in his NY fraud trial. Donald Trump attends his New York civil fraud trial. Trump speaking to reporters outside the courtroom during his civil fraud trial in New York. And in a pre-trial deposition, he denied knowing who had written, "DJT to get final review" on that 2014 draft.
Persons: Jeffrey McConney, McConney, , Donald Trump, Trump, Letitia James, Donald Trump's, Seth Wenig, Andrew Amer, Amer, Eric Trump, Allen Weisselberg, James, Weisselberg, — McConney, Mazars, Arthur Engoron, McConney's, Jesus Suarez, he'd, Mark Hawthorn Organizations: Trump, Service, Trump Organization, Trump Org's, NY, New York, White House, Trump Org, AP, Mazars, General's, Trump Hotels Locations: New York, York, Mazars USA, Weisselberg
Judge Arthur Engoron sided with Donald Trump’s attorneys, overruling an objection from the New York attorney general’s office to admit a PowerPoint presentation showcasing the history of the Trump Organization. The presentation, titled “The Trump story,” also included photos of Donald Trump with his father, Fred Trump, as well as sleek photos of various Trump buildings. The PowerPoint included Trump's purchase of Mar-a-Lago in 1985, which Trump Jr. described as "one of the few sort of American castles." Assistant Attorney General Kevin Wallace objected to the presentation, claiming the text descriptions were coaching the witness. The judge has also sided with Trump's lawyers during the trial, but this signals the judge is going to give a lot of leeway to both sides in their presentation.
Persons: Arthur Engoron, Donald Trump’s, overruling, Donald Trump Jr, , Donald Trump, Fred Trump, Trump, we've, Andrew Amer, Kevin Wallace, Engoron, Chris, Kise, “ Engoron, , ” “, ” Engoron, doesn't Organizations: New, Trump Organization, Trump, Mar Locations: New York, Yukon, Canada, Lago
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