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☆ Fortinet financials boost cybersecurity stocks after past outlook misses slammed the group
▼ + stars: | 2024-02-07 | by ( Paulina Likos | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer sees a turnaround brewing for cybersecurity firm Fortinet . Shares of Fortinet rose 3.5% after the company reported beats on fourth-quarter earnings and revenue. This was a relief after Fortinet dropped outlook bombs in November and August, which had dragged down the whole group back then. Shares of Palo Alto Networks rallied 6.5% Wednesday to another all-time high, while other competitors including Okta and Zscaler were higher as well. Palo Alto Networks is a holding in Cramer's Charitable Portfolio Trust, which is used as the portfolio for the CNBC Investing Club .

Persons: CNBC's Jim Cramer, Fortinet, billings, Cramer, Jim Organizations: Palo Alto Networks, Trust, CNBC, Club, Microsoft Locations: Palo, Russian

☆ Nobody's quitting their job anymore. That's a bad sign for workers.
▼ + stars: | 2024-02-04 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

That could be a sign that workers feel less confident about the state of the labor market. AdvertisementFriday's blowout jobs report confirmed the labor market is still holding firm, but one often-ignored statistic could signal a looming slowdown. "The second straight 2.2% quits rate — just below the pre-Covid level — is more important, because it clearly signals slower wage gains." "All that air is coming out of the labor market, even though hiring remains strong." "The job market is steadily returning to its pre-pandemic self," Morningstar's Preston Caldwell said in a research note.

Persons: —, José Torres, Ian Shepherdson, Philipp Carlsson, Szlezak, Optimists, Morningstar's Preston Caldwell Organizations: Service, of Labor Statistics, Macroeconomics, Bureau of Labor Statistics, Boston Consulting Group, Business, eBay, Los Angeles Times

Recent job cuts have been concentrated mainly in just a few sectors: technology, finance and media. Relative to the U.S. labor force of 160 million people, layoffs so far have been dwarfed by consistently vigorous hiring — a monthly average of 248,000 jobs added over the past six months. THE LAYOFFS ARE SPREAD OVER TIMEHigh-profile job cuts typically involve many layoffs that aren't implemented immediately. So they weren't included in the January jobs data that was released Friday because the layoffs hadn't yet taken place. Jobs cuts are deeply distressing and disruptive for people who suffer them.

Persons: they've, —, They're, That's, binges, Todd McKinnon, ” Organizations: WASHINGTON, Blockbuster, eBay, UPS, Spotify, Manufacturers, Labor Department, Companies Locations: Federal, U.S

☆ Tech's longtime highfliers are growing up by getting smaller
▼ + stars: | 2024-02-02 | by ( Ari Levy | ) www.cnbc.com time to read: +7 min

They're still out hunting for the best technical talent, particularly in areas like artificial intelligence, but headcount growth is measured. Last year, tech companies were responding to dramatically changing market conditions — soaring inflation, rising interest rates, rotation out of risk — after an extended bull market. Meta slashed over 20,000 jobs in 2023, Amazon laid off more than 27,000 people, And Alphabet cut over 12,000 positions. Other than Nvidia , which had a banner 2023 due to soaring demand for its AI chips, none of the other mega-cap tech companies have been growing at their historic averages. By late this year, analysts are projecting growth at Meta will be back down to the low teens at best.

Persons: Tayfun, There's, Daniel Flax, Neuberger Berman, CNBC's, Morgan Stanley, Brian Nowak, Brian Olsavsky, They're, Mark Zuckerberg, Zuckerberg, Olsavsky, Phil Spencer, Justin Sullivan, Okta, Zuora, Evan Sohn, Recruiter.com, " Sohn, Susan Li, Ben Barringer, Cheviot, Barringer, —, Annie Palmer Organizations: Anadolu Agency, Getty Images Technology, Amazon, Meta, hasn't, Microsoft, Activision Blizzard, SAN FRANCISCO, Activision, FTC, Getty, Federal, Labor Department's Bureau of Labor Statistics, Tech, Nvidia, Finance, CNBC Locations: Menlo Park , California, Silicon Valley, CALIFORNIA, San Francisco , California

☆ Zoom is cutting about 150 jobs, or close to 2% of its workforce
▼ + stars: | 2024-02-01 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on Sept. 25, 2019. Zoom is cutting about 150 jobs, CNBC confirmed on Thursday, the latest tech company to slash headcount this year as investors continue to push for efficiency. A Zoom spokesperson confirmed the cuts amount to less than 2% of the company's workforce. In addition to Zoom, cloud software vendor Okta announced a downsizing on Thursday, telling employees that it's laying off 400 staffers, or about 7% of its workforce. Zoom shares are down about 10% this year and have dropped almost 90% from their record high in October 2020.

Persons: Eric Yuan, Zoom Organizations: Conference, CNBC, Bloomberg, Microsoft, Google, MGM Studios, Okta Locations: San Francisco, layoffs.fyi

☆ Okta to lay off 7% of staff, about 400 employees
▼ + stars: | 2024-02-01 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Identity management company Okta said on Thursday in a message to employees that it would lay off 400 employees, about 7% of the company's headcount. CEO Todd McKinnon said in his message that the "reality is that costs are still too high." Okta is only the latest tech company to trim headcount in the opening weeks of 2024. Nearly 24,000 tech workers lost their jobs in January alone, even as many tech companies saw their stock prices continue to grow. It was a smaller round of cuts, impacting around 300 employees, and at the time McKinnon said that prior overhiring had led to unsustainable staffing levels.

Persons: Okta, Todd McKinnon, McKinnon, overhiring

☆ Okta announces it's laying off about 7% of its workforce
▼ + stars: | 2024-02-01 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

The ID verification company told Business Insider it was a "necessary" decision to ensure profitable growth. CEO Todd McKinnon told employees in a memo sent at 5:30 PT that the company is laying off about 400 employees. If your role is impacted, your leadership will schedule a meeting today to discuss next steps. To the impacted employees, I am deeply sorry and we thank you for your many contributions. As we navigate these changes, remember that Okta is critical infrastructure for 18,800 organizations around the world.

Persons: Todd McKinnon, McKinnon, we've, Todd Organizations: Business, Okta Locations: U.S

☆ What Microsoft’s hack means for its $20 billion cybersecurity franchise and its rivals
▼ + stars: | 2024-01-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Microsoft 's hacking disclosure could be a challenge for its $20 billion-a-year cybersecurity franchise but bullish news for fellow portfolio name and rival Palo Alto Networks. Microsoft stock was trading modestly lower Monday but has climbed more than 5% since the start of 2024 following last year's 56% gains. Microsoft's cybersecurity incident doesn't leave us any less bullish on the mega-cap name. While its cybersecurity business pulls in about $20 billion in annual sales, Microsoft's revenue jumped 7% in 2023 to nearly $212 billion. The Securities and Exchange Commission's (SEC) new disclosure rules around cybersecurity attacks could be another catalyst for Palo Alto, Jim added.

Persons: hasn't, Nobelium, Jim Cramer, Jim, Palo, Exchange Commission's, Nikesh Arora, Estee Lauder, Clorox, Okta, Jim Cramer's, Satya Nadella, Justin Sullivan Organizations: Microsoft, Palo Alto Networks, Wall, SolarWinds, Apple, JPMorgan, Securities, Exchange, SEC, Palo Alto, Corporations, Palo, CNBC, MGM Resorts, Caesars Entertainment Locations: Russian, Palo, Palo Alto, Davos, Switzerland, San Francisco

☆ 3 reasons why investors keep sending cybersecurity giant Palo Alto Networks to record high after record high
▼ + stars: | 2024-01-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Palo Alto Networks CEO Nikesh Arora said Tuesday that cybersecurity demand will only intensify in 2024. Palo Alto Networks was riding a six-session winning streak, including Tuesday's all-time high above $333 per share. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance When Arora took over as CEO of Palo Alto in June 2018, the stock was around $70 per share. Late last year, Palo Alto announced plans to buy enterprise browser startup Talon Cyber Security and cloud data specialist Dig Security. Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.

Persons: Nikesh Arora, Arora, Jim Cramer, he's, OpenAI, Sam Altman's, Estee Lauder, Clorox, Palo, we've, Morgan Stanley, Jim Cramer's, Jim, Arora Nikesh, Adam Galica Organizations: Palo Alto, Club, CNBC, Palo Alto Networks, Alto, Palo, Google, MGM Resorts, Caesars Entertainment, Security Locations: Davos, Switzerland, Palo, Palo Alto

☆ Tech stocks dominated 2023 investing. Here's where the sector finds growth in 2024
▼ + stars: | 2023-12-31 | by ( Samantha Subin | ) www.cnbc.com time to read: +11 min

After 2023's blowout run, it's hard to recall the once gloomy investing setup for technology stocks last December. As the calendar year turns, don't expect technology stocks to match 2023's blowout gains, but the year's performance is no fluke. AI stocks may dominate tech-focused investing, but don't sleep on the other emerging themes. GOOGL YTD mountain Alphabet shares in 2023 Both companies have rolled out new initiatives in the months since. Arm Holdings made headlines this year as one of the first major companies to go public , reviving the IPO market after a roughly two-year drought.

Persons: behemoths, Jay Woods, Mark Zuckerberg, didn't, chipmakers, David Waddell, Everybody's, Copilot, Paul Meeks, Gene Munster, Alphabet's, Meeks, Morgan Stanley, Andrew Slimmon, They're, Slimmon, CNBC's, Wall, Nvidia's, He's, Mahoney, Ken Mahoney, it's, Brent Fredberg, Munster's, Management's Albert Tsuei, Tsuei, William Blair's Jonathan Vo, Keith Weiss Organizations: Federal Reserve, Treasury, Freedom, Microsoft, Waddell & Associates, Oracle, Arista Networks, Morgan, Morgan Stanley Investment, Meta, Nvidia, Devices, Dell, Hewlett Packard Enterprises, Broadcom, Holdings, Micron Technology, Brandes Investment Partners, Micron, Samsung, Taiwan Semiconductor Manufacturing, MGM Resorts, Johnson, Okta, UBS, Management's, Palo Alto Networks, Palo Alto Locations: British, Clorox

☆ 23andMe data breach affects nearly nearly 7 million 23andMe customers
▼ + stars: | 2023-12-05 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +2 min

CNN —A hacker or hackers have accessed nearly seven million profiles of 23andMe customers, a spokesperson for the genetic testing firm told CNN on Tuesday, including in some cases users’ ancestry reports, zip codes and birth years. In addition, the hackers accessed a subset of family tree information on 1.4 million DNA Relatives profiles, the 23andMe spokesperson said in an emailed statement. In the case of 23andMe, the hackers reused old usernames and passwords from other websites to break into 23andMe customer accounts — a rudimentary but effective technique called credential stuffing. The 23andMe spokesperson, who declined to be named, did not respond to questions about who carried out the hack. “We have taken steps to further protect customer data, including requiring all existing customers to reset their password and requiring two-step verification for all new and existing customers.”

Persons: Okta, 23andMe, ”, “ Organizations: CNN, Securities and Exchange Commission, Engadget Locations: 23andMe

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Eli Lilly, Salesforce, Snowflake, Snap, Pinterest and more
▼ + stars: | 2023-11-30 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Jefferies upgrades Pinterest and Snap to buy from hold Jefferies sees growth upside in 2024 for both stocks. " Wolfe upgrades Ally Financial to outperform from peer perform Wolfe said in its upgrade of the financial company that it's well-positioned. "In an environment where the probability of a mild recession or soft landing both appear plausible, we believe ALLY is well positioned to outperform in either scenario and upgrade shares to Outperform." "We continue to believe that Salesforce is on track to become the next quality [growth at a reasonable price] stock." Goldman Sachs reiterates Snowflake as buy Goldman Sachs stood by its buy rating on Snowflake after earnings on Wednesday.

Persons: Berenberg, Eli Lilly, Lilly, Wells, BTIG, Jefferies, Bernstein, Burger, Wolfe, TD Cowen downgrades Okta, Cowen, Stifel, Raymond James, Morgan Stanley, Bilibili, BILI, Baird, Pat Shanahan, Wells Fargo, Salesforce, Goldman Sachs, Snowflake, DUK Organizations: pharma, Nvidia, NVIDIA, Jefferies, SNAP, BK, UBS, Service Corporation, Deutsche Bank, Lattice Semiconductor, Apple, JPMorgan, Nokia, Infineon, Watch, Hewlett Packard Enterprise, Barclays, GE Healthcare, Airbus, Bank of America, Duke Energy, HSBC, Molson Coors Locations: FTCH, North America, China

☆ Leaked memo: Employees joining Broadcom from the VMware acquisition must return to the office by December 4
▼ + stars: | 2023-11-30 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +4 min

Broadcom sent an email to employees joining from VMware telling them they must return to an office by Monday. Employees living over 50 miles from a Broadcom office may be considered remote if Broadcom management approves it, the email said. Tan had told VMware employees before the acquisition's close that he expected employees to return to the office. VMware employees told BI they worried about a culture clash because VMware was more remote-friendly. A1: Typically, individuals over 50 miles from a Broadcom office may be considered remote.

Persons: Hock Tan, Tan, we've Organizations: Broadcom, VMware, Business, BI, Employees Locations: US, Americas, Asia, Pacific, Europe, Africa

Goldman Sachs raised its price target on General Motors after the stock's best day since early 2021. The bank reiterated a buy rating as well as a top pick label, accompanied by a $300 per share price target. Goldman Sachs also maintained its buy rating and increased its target price to $345 per share from $340. To be sure, it maintained its $16 per share price target, which implies more than 3% downside from Wednesday's $16.52 close. — Brian Evans 5:45 a.m ET: Goldman raises GM price target Goldman Sachs analyst Mark Delaney increased his price target on General Motors to $45 from $42 after a series of bullish moves by the auto giant.

Persons: Goldman Sachs, Morgan Stanley, 31.6x, Eric Heath, Wells, Andrew Nowinski, — Brian Evans, José Neves, Marvin Fong, Brian Evans, Salesforce, Brad Sills, Kash Rangan, Jefferies, Snapchat, Pinterest, James Heaney, Meta Marshall, Mark Delaney, Delaney, Fred Imbert Organizations: CNBC, General Motors, Hewlett Packard Enterprise, Wall, Bank of America, SNAP, Goldman, GM Locations: Okta, America

☆ Okta Says Hackers Stole Data For All Customer Support Users
▼ + stars: | 2023-11-29 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

For nearly all affected customers, only their full name and email address were compromised Photo: Tiffany Hagler-Geard/Bloomberg NewsOkta said hackers stole data for all of its customer support system users in a breach that the identity-verification company disclosed last month. Okta Chief Security Officer David Bradbury said all Okta Workforce Identity Cloud and Customer Identity Solution customers are affected by the hack, except for government customers that use a separate system. Earlier this month, Okta estimated that less than 1% of customers were affected by the breach.

Persons: Tiffany Hagler, Okta, David Bradbury Organizations: Geard, Bloomberg

Todd McKinnon, co-founder and CEO of Okta, shares lessons learned from the security breach that his organization experienced in early 2022. Okta is delaying product updates and internal projects by 90 days as it works to shore up its security architecture. “The stakes are high and we will do whatever it takes to protect our current and future customers,” Chief Executive Todd McKinnon said in an earnings call Wednesday evening. “Bolstering our security environment is by far the highest priority for Okta. No other project or product-development area is more important,” he said.

Persons: Todd McKinnon, Okta, ” Organizations: ”

☆ Password authenticator Okta says hackers stole names and email addresses of all its customer support users
▼ + stars: | 2023-11-29 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Okta said hackers stole a report with names and email addresses of all customer support users. Those users face an "increased risk of phishing," the password authenticator said in a blog. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But in a blog post Wednesday, Okta said hackers stole a report that included the names and email addresses of "all Okta customer support system users." A group of hackers called Lapsus$ extortion group accessed a customer support engineer's account in January 2022 and shared screenshots of Okta's systems, per the report.

Persons: Okta, —, David Bradbury, Bradbury Organizations: Service, FedEx, P, TechCrunch Locations: San Francisco

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Wall Street indexes ended marginally higher on Tuesday after Fed Governor Christopher Waller, deemed a hawk, hinted at lower interest rates in the months ahead if inflation continued to ease. Other similar positive comments sent Treasury yields tumbling, with the yield on the benchmark 10-year note last at an over two-month low of 4.2840%. Fed Governor Michelle Bowman on Tuesday alluded to the possibility of another rate hike. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Christopher Waller, Governor Bowman, Charalampos Pissouros, Michelle Bowman, Thomas Barkin, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, General Motors, Dow, Nasdaq, Treasury, Federal Reserve, XM, Nvidia, Richmond Fed, Dow e, CrowdStrike Holdings, Thomson Locations: New York City, U.S, Bengaluru

☆ Okta says hackers stole data for all customer support users in cyber breach
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 28 (Reuters) - Okta (OKTA.O) said on Tuesday that hackers stole information on all users of its customer support system in a network breach two months ago. The San Francisco-based company notified customers that it has determined hackers downloaded a report containing data including names and email addresses of all clients that use its customer support system, the company said in an emailed statement to Reuters. Okta's shares slumped in October after the company said that the breach allowed some hackers to view files uploaded by certain clients. Okta provides identity services such as single sign-on and multi-factor authentication to secure logins for online applications and websites to customers, including Microsoft-backed OpenAI. Reporting by Utkarsh Shetti and Anirudh Saligrama in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Okta, Utkarsh Shetti, Dhanya Ann Thoppil Organizations: REUTERS, Reuters, Okta's, Microsoft, Thomson Locations: San Francisco, Bengaluru

☆ Identity management company Okta reveals far more extensive hack of its systems
▼ + stars: | 2023-11-29 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +1 min

Washington, DC CNN —A September hack of popular identity management firm Okta was far more extensive than previously known and saw the hackers steal data on all users in Okta’s customer support system, the company revealed Wednesday. San Francisco-based Okta said it doesn’t have “direct knowledge or evidence” that the information stolen in the latest breach is being actively exploited by hackers. The vast majority of the information stolen by the hackers involved names and email addresses of customers, according to Okta. Last January, a prolific group of young cybercriminals breached Okta via one of the firm’s vendors in a separate security incident that was far smaller in scope, potentially affecting up to 366 customers, according to Okta. Okta’s stock plunged Wednesday morning amid the news of the latest cybersecurity incident but has since rebounded a bit.

Persons: Okta, David Bradbury, ”, cybercriminals Organizations: DC CNN, CNN Locations: Washington, San Francisco, Okta

☆ Stocks making the biggest moves premarket: General Motors, Petco, Foot Locker and more
▼ + stars: | 2023-11-29 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Petco — Shares of the pet retailer plummeted 17% after reporting a third-quarter loss of 5 cents per share. Analysts had anticipated the company would earn 2 cents per share on revenue of $1.51 billion, according to a LSEG survey. CrowdStrike — Shares of the cybersecurity company gained 2.7% after it reported positive third-quarter earnings and raised its fourth-quarter forecast. The results topped estimates of 74 cents per share on revenue of $777 million expected by analysts, according to LSEG. The company, which was slated to report its third-quarter earnings after the bell on Wednesday, posted its results early.

Persons: TD Cowen, Steve, Hormel, LSEG, NetApp, CrowdStrike, Okta, Phillips, Elliott, CNBC's David Faber, —, Macheel, Jesse Pound Organizations: Toyota, AstraZeneca, pharma, LSEG, General Motors, GM, JMP Securities, Elliott Management Locations: Tuesday's, U.S

☆ Okta hackers stole data on all customer support users, company says
▼ + stars: | 2023-11-29 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Hackers who compromised Okta's customer support system stole data from all of the cybersecurity firm's customer support users, Okta said in a letter to clients Tuesday, a far greater incursion than the company initially believed. An Okta spokesperson told CNBC that customers in government or Department of Defense environments were not impacted by the breach. It also makes Okta a high-profile target for hackers, who can exploit vulnerabilities or misconfigurations to gain access to a slew of other targets. Bloomberg first reported on the letter to Okta customers. Okta first disclosed earlier this month that its customer support system had been hacked but said at the time that around 130 customers were impacted by the breach.

Persons: Okta Organizations: CNBC, Department of Defense, MGM, Caesars, Bloomberg

☆ An investing legend dies
▼ + stars: | 2023-11-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

AdvertisementIn today's big story, we're looking back on the life of investing legend Charlie Munger. What's on deck:But first, remembering Charlie Munger. AdvertisementCharlie Munger, the billionaire investing legend who led Berkshire Hathaway alongside Warren Buffett, died Tuesday at age 99. Despite being overshadowed by Buffett, Munger wasn't afraid to share his opinion. Speakers include Vice President Kamala Harris, President of Taiwan Tsai Ing-wen, Elon Musk, Bob Iger, Jamie Dimon, Lina Khan, Shonda Rhimes, and other major execs.

Persons: Charlie Munger, Charlie Munger Johannes Eisele, Berkshire Hathaway, Warren Buffett, Munger, I'm, Buffett, Munger's, they'd, Charles Platiau, Frederic J . Brown, Chelsea Jia Feng, Wall, Peacock, Kamala Harris, Taiwan Tsai Ing, Elon Musk, Bob Iger, Jamie Dimon, Lina Khan, Shonda Rhimes, Costco Monica Humphries, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Getty, Berkshire, Berkshire Hathaway, SevenSix Agency, Delta Air Lines, Toyota, Gucci, Google, Wall, Rockefeller, NBC, The New York Times, Taiwan, Costco Locations: Wisconsin, What's, AFP, California, Omaha, Omaha , Nebraska, Berkshire, Charles, Kensington, Chelsea, New York City, San Diego, London, New York

☆ Stocks making the biggest moves midday: Foot Locker, Okta, Carnival, Shopify and more
▼ + stars: | 2023-11-27 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Carnival — Shares added 1% after being upgraded to buy from hold by Melius Research . Crown Castle — The telecommunications stock jumped nearly 4% following an activist push for change at Crown Castle. Shares of Crown Castle are down 20% this year. Okta — Shares of the software company dropped 3% Monday after JMP Securities downgraded Okta to market perform. Teva Pharmaceuticals — U.S.-traded shares jumped 3% after an upgrade from UBS to buy from neutral.

Persons: Locker, Josh Weinstein, Melius, Okta, JMP, Albemarle —, Etsy, TD Cowen, —, Alex Harring, Hakyung Kim, Sarah Min, Michelle Fox, Jesse Pound, Darla Mercado Organizations: Citi, Melius Research, Crown, Elliott Investment Management, Sunday, JMP Securities, Albemarle, Battery Tech, U.S, Teva Pharmaceuticals —, UBS, Xenon Pharmaceuticals, —, Adobe Analytics Locations: Crown, Albemarle

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Dollar Tree, Mondelez, Teva, Ulta, Carnival & more
▼ + stars: | 2023-11-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Deutsche Bank reiterates Saia as buy Deutsche said the transports company has "earnings power." JMP downgrades Okta to market perform from market outperform JMP downgraded the stock after a recent security incident. "We downgrade our rating to Market Perform from Under Review (Market Outperform prior) on Okta, Inc. in the wake of the most recent security incident announced on October 20." Wells Fargo reiterates Dollar Tree as overweight Wells said it's standing by its overweight rating on the stock heading into earnings next week. Melius upgrades Carnival to buy from hold Melius said it's "hard to not become incrementally bullish" on the stock.

Persons: Saia, Key, Wells, DLTR, Raymond James downgrades Weyerhaeuser, Raymond James, Redburn, Bernstein, Tesla, underperform Bernstein, Needham, Aston Martin, Jefferies, Pulte, Melius Organizations: Deutsche Bank, Deutsche, Bloom Energy, Clean Tech, Citi, New, Ulta Citi, Inc, Dominion, Weyerhaeuser, UBS, Waste Management, Novartis, EV, Pulte Group, RBC, GE Healthcare, Nvidia

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