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A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and get back to growth after 13 straight quarters of losses, CNBC has learned. A number of other private equity firms have been circling Peloton as an acquisition target, but it's unclear if they have held formal discussions. Last week, Peloton announced a broad restructuring plan that's expected to reduce its annual run-rate expenses by more than $200 million by the end of fiscal 2025. Last week, Peloton announced CEO Barry McCarthy would be stepping down as it issued a disastrous earnings report that missed Wall Street's expectations. One source close to the company said Peloton isn't expected to have any issues refinancing its debt.
Persons: Barry McCarthy, Goldman Sachs Organizations: Interactive, CNBC, JPMorgan Locations: New York
Apple surged on Friday following Tim Cook's announcement of the largest stock buyback in stock market history. I'm aiming for a post-earnings "gap fill" trade on AAPL . Despite my long-term bullish outlook on AAPL, I'm considering a short-term bearish trade to fade this post-earnings spike. If AAPL starts against me, I would want to close the trade if I lose 50% of my investment (i.e., $125). BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: Apple, Tim Cook's, AAPL, Nishant Pant
Cramer's Lightning Round: CME Group is a buy
  + stars: | 2024-05-07 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
Stock Chart Icon Stock chart icon Caterpillar's year-to-date stock performance. Stock Chart Icon Stock chart icon C3.ai's year-to-date stock performance. Stock Chart Icon Stock chart icon CME Group's year-to-date stock performance. CME Group : "[buy, buy, buy!] Stock Chart Icon Stock chart icon Tesla's year-to-date stock performance.
Organizations: CME
Other opportunities for investors to participate in spinoffs will be coming soon. If a company spins off a company in a different sector, the new stock tends to outperform because it's likely undervalued. Winners and upcoming beneficiaries Roth MKM also recently highlighted spinoff stocks' outperformance over the past year. GE Vernova is one of its current favorite spinoff stocks — which the company said to "buy buy buy." Industrial company Esab , a Swedish-American company that makes welding and cutting equipment, is another spinoff beneficiary, according to Roth MKM.
Persons: Morgan Stanley, Todd Castagno, Wolfe, Roth MKM, Roth, Esab, Sylvamo, JC O'Hara, Baxter, Edwards Lifesciences, Edwards, — CNBC's Michael Bloom Organizations: General Electric, GE Vernova, Wolfe Research, Baxter International, Unilever Locations: Swedish, American, Enovis, Memphis, Latin America, Veralto
Has the time arrived for the stock to break free from a range heading into earnings next week? There has been much hype around this emerging Swiss company that grew revenues by 68% in 2022, 46% in 2023, and are expected to grow revenues by more than 25% in 2024 and 2025. Technically speaking ,that range of overhead resistance for On Holding (ONON) is easy to see on the weekly chart below. There was weekly downtrend line resistance originating from the 2022 high that was broken in Q1 '24. On earnings ahead Heading into earnings, I think it's wise to refer back to Q4 of 2023 earnings announced on March 12.
Persons: Shoemaker, I've, CROX, Todd Gordon, Gordon, ONON Organizations: Nike, Air, swiss, Inside Edge, Edge Capita Locations: Swiss, U.S, SKX
Read previewThe Seed 100 and Seed 40 lists are derived from a statistical analysis of investor track records. Incubated by Tribe Capital, Termina is an AI-software platform that powers quantitative due diligence for leading investors around the world. Show intermediate signs of future success with seed investments that consistently receive follow-on investment. Ten percent of all seed investors in scope were women, up from 8% when the first Seed 100 was released in 2021. The result in just one year is the largest-ever rebalancing of how investors allocate seed capital across sectors.
Persons: , We've, We're, OpenAI, Termina, Jake Ellowitz Organizations: Service, Business, Tribe Capital Locations: USA, Canada
We'll take a deeper dive into what options traders are betting on in Disney and propose an alternative with a higher probability for a profit. Disney (DIS) traded above average call volume on Friday, with calls outpacing puts by nearly two-to-one. While that is higher than the long-term average earnings-related move, Disney has been quite volatile in recent quarters. Buyers of those calls are betting Disney will rally at least 6.75% by the end of the week. An investor who is willing to take more risk in exchange for a higher probability of profit might instead consider a diagonal call spread.
Persons: outpacing, Julie Biel Organizations: Disney, DIS, week's Locations: Disney
Bad Bunny, Jennifer Lopez, Chris Hemsworth and Zendaya will co-chair this year's Met Gala for the exhibition "Sleeping Beauties: Reawakening Fashion." The first celebrities to appear will be Gala co-chairs Zendaya, Jennifer Lopez, Bad Bunny and Chris Hemsworth, the last of whom is making his Met Gala debut. What was the first Met Gala theme? Gwyneth Paltrow famously called the Met Gala “un-fun” in 2013 and said she’d “never” go again, but returned in 2017 (and 2019). Met Gala guests have often broken the no-social-media rule to give a more candid glimpse of who is hanging with who and what goes on behind closed doors.
Persons: CNN —, , Jared Leto’s, Rihanna, J.G, Ballard, Andrew Bolton, Bunny, Jennifer Lopez, Chris Hemsworth, Zendaya, James Devaney, Victor Aubry, Christina House, Neil Mockford, Bad Bunny, Anna Wintour, Wintour, Arturo Holmes, Karl Lagerfeld, Rei Kawakubo, Charles James, Christian Dior, Alexander McQueen, Gianni Versace, Angela Weiss, Lagerfeld, Anne Hathaway, Nicole Kidman, Jenna Ortega, Chanel, Fendi, Eleanor Lambert, Diana Vreeland, LaunchMetrics, Calvin Klein, , ” Cher, Ron Galella, , Lady Gaga, Kardashian, Jenners, Donald Trump, James Corden’s, Demi Lovato, Zayn Malik, Tina Fey, Fey, David Letterman ”, backtrack, Gwyneth Paltrow, she’d “, Olivia Wilde, Margaret Zhang, Kevin Mazur, Bella Hadid, Dakota Johnson, Jason Derulo, Jay, Solange, it’s, ” Wilde Organizations: CNN, Metropolitan Museum of Art, Costume Institute, Los Angeles Times, American Vogue, New York Times, Getty, Super, Hollywood, Vogue, “ Vogue China Locations: New York, British, American, China
Growing up as the middle child among five siblings, I experienced unfair comparisons. I also had to always consider other people's needs before mine, especially those of my siblings. Related storiesMany of my family's financial constraints started once my two youngest siblings joined the family. However, perhaps the most enduring challenge I encountered was the persistent sense of being unfairly compared to my siblings. I didn't want to be faulted for not being a grade-A scholar or my siblings being faulted for things like being introverted.
Organizations: Service, Business
Goldman has raised Cameco's 12-month stock price target by $1 to $56, implying 15.7% upside from Friday's close. CCJ YTD mountain CCJ 3-mo chart "We continue to see CCJ as a key means of gaining exposure to the entire value chain of uranium," Goldman analysts lead by Neil Mehta told clients in a note Monday. Though Cameco's sales of 7.3 million pounds of uranium in the quarter missed guidance of 8.25 million pounds, the company maintained its full-year guidance of 32 million pounds to 34 million pounds. Governments around the world increasingly view nuclear power as a key pillar of the energy transition because the technology can provide reliable carbon-free energy at a time when electricity demand is rising. Western countries are seeking secure supplies of uranium to support a nuclear buildout, rather than relying on Russia or neighboring Kazakhstan.
Persons: Goldman Sachs, Goldman, Cameco, Neil Mehta, Mehta, Joe Biden Organizations: Uranium, The U.S, Senate Locations: Friday's, Canada, Russia, Kazakhstan, The, Russian
"Fantasy" by Mariah Carey"Fantasy" was released in 1995. Mariah Carey/YouTubeThe Hot 100 is widely considered the definitive all-genre singles chart in the US. Although it was officially launched in 1958, Billboard began using modern airplay and sales data in 1991, allowing for more time-sensitive calculations and accurate rankings. "Fantasy," the lead single from Carey's fifth studio album "Daydream," was the first song in the modern era to become an immediate and long-lasting hit. The song spent eight weeks atop the Hot 100.
Persons: Mariah Carey Organizations: Billboard
The long-building and increasingly testy rap beef between Kendrick Lamar and Drake exploded into full-bore acrimony and unverifiable accusations over the weekend with the rapid-fire release of multiple songs littered with attacks regarding race, appropriation, sexual and physical abuse, body image, misogyny, hypocrisy, generational trauma and more. Most relentless was Lamar, a Pulitzer Prize winner from Compton who tends toward the isolated and considered but has now released four verbose and conceptual diss tracks — totaling more than 20 minutes of new music — targeting Drake in the last week, including three since Friday. Each racked up millions of streams and the three that were made available commercially — “Euphoria,” “Meet the Grahams” and “Not Like Us” — are expected to land near the top of next week’s Billboard singles chart, while seeming to, at least momentarily, shift the public perception of Drake, long a maestro of the online public arena and meme ecosystem. In between, on Friday night, Drake released his own broadside against Lamar — plus a smattering of other recent challengers — in a teasing Instagram interlude plus a three-part track and elaborate music video titled “Family Matters,” in which he referred to his rival as a fake activist and attempted to expose friction and alleged abuse in Lamar’s romantic relationship.
Persons: Kendrick Lamar, Drake, Compton, Lamar —
“Now, post-surgery and post recovery, I am able to see in dimmer lighting with my left eye,” Cook said. A treatment that used CRISPR was found to be safe and efficacious in improving vision among a small sample of patients with inherited blindness in the Phase 1/2 clinical trial that Cook participated in. Months following the treatment, Cook was sitting with friends on a balcony that had Christmas lights wrapped around the railing. Courtesy Olivia CookBefore the treatment, Cook said that she sometimes could conceal the vision challenges she has had. Mass Eye and EarKalberer described the CRISPR treatment as “groundbreaking,” but warned it’s not a cure.
Persons: Olivia Cook, Cook, , ” Cook, , I’ve, “ I’d, you’d, CRISPR, Eric Pierce, Brigham, “ We’re, ” Pierce, Jason Comander, , Michael Kalberer, Kalberer, it’s, “ It’s, It’s, Pierce, Editas, We’re, Art Caplan, ” Caplan, , Vlad Diaconita, ” Diaconita, Dr, Sanjay Gupta, Aliaa Abdelhakim Organizations: CNN, Missouri State University, New England, of Medicine, Mass, Harvard Medical School, Editas Medicine, Perelman School of Medicine, University of Pennsylvania, University of Michigan, University of Miami, Oregon Health & Science University, US Food and Drug Administration, CEP290, pharma, NYU Grossman School, Medicine’s Department of Population Health, Columbia University Vagelos College of Physicians and Surgeons, CNN Health Locations: Springfield, United States, CEP290
In this article @LCO.1@CL.1 Follow your favorite stocks CREATE FREE ACCOUNTPalestinians, including children, collect usable belongings in the heavily damaged buildings after Israeli attacks in Rafah, Gaza on February 12, 2024. Building targeted in the Israeli attacks and surrounding structures were damaged as Israel's air, land and sea attacks continue on the Gaza Strip. (Photo by Jehad Alshrafi/Anadolu via Getty Images) Jehad Alshrafi | Anadolu | Getty ImagesU.S. oil rose Monday, trying to recover from last week's steep declines, after Israel told Palestinians to evacuate the southern Gaza city of Rafah, and Saudi Aramco raised its official crude prices. Stock Chart Icon Stock chart icon WTI vs. BrentBut tensions in the Middle East are rising again after the Israel Defense Forces told some 100,000 Palestinians to leave the southern Gaza city of Rafah. Efforts to broker a ceasefire between Israel and Hamas have stalled again, with the two sides accusing each other of sabotaging a deal.
Persons: Jehad Alshrafi, Brent Organizations: Getty, Anadolu, Saudi Aramco, West Texas Intermediate Brent, Natural Gas, Israel Defense Forces, Hamas Locations: Rafah, Gaza, Anadolu, Israel, Saudi, Iran, U.S
Cramer's Lightning Round: Quanta Services is 'terrific'
  + stars: | 2024-05-06 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon AeroVironment's year-to-date stock performance. Stock Chart Icon Stock chart icon Nutanix's year-to-date stock performance. Stock Chart Icon Stock chart icon Altimmune's year-to-date stock performance. Stock Chart Icon Stock chart icon CVR Energy's year-to-date stock performance. Stock Chart Icon Stock chart icon Quanta Services' year-to-date stock performance.
Persons: it's Organizations: Mines, Eagle Mines, CVR Energy
Rihanna, 36, who swung from pop stardom into a prosperous second act as a lingerie and makeup mogul, told Extra TV earlier in the week that she had planned on attending the gala. The gala still attracted boldface names this year, including Zendaya and Jennifer Lopez, but many fans online said that the lack of Rihanna had been a blow. (Some even circulated images of the singer hitting the carpet that appeared to have been created by artificial intelligence.) Rihanna has been a frequent presence at the gala in recent years, but Taylor Swift and Beyoncé have not attended since 2016. Swift began attending the gala in 2008 and was a co-chair in 2016.
Persons: Rihanna, Jennifer Lopez, Taylor Swift, Swift, Organizations: Poets Department Locations: Paris
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: XLU, Katie Stockton Organizations: Utilities, Fairlead, CNBC Pro, Securities
According to an April 28 report from Goldman Sachs, the demand for power from AI data centers is expected to increase by 160% between 2023 and 2030. The report states that the rate of demand growth expected in the next five years has not been witnessed since the beginning of the century. AdvertisementFluence Energy (FLNC) provides clean energy storage that can serve as a power supply backup source if data centers experience outages. NextEra Energy (NEE) is a US energy company already providing power to data centers and demand from its electricity supply is expected to grow. nVent Electric (NVT) is an electrical parts supplier that provides liquid cooling, enclosures, power distribution, and cable management for data centers.
Persons: , Goldman Sachs, Goldman, it's, Kinder Morgan Organizations: Service, Real, Business, Microsoft, Fluence, Google, GE, NextEra Energy, Co, Georgia Power, Xcel Energy, Cameco Corporation, EQT Corp, Caterpillar, Eaton Corporation, MYR Locations: US, Canadian
AI data centers alone are expected to add about 323 terawatt hours of electricity demand in the U.S. by 2030, according to Wells Fargo. The forecast power demand from AI alone is seven times greater than New York City's current annual electricity consumption of 48 terawatt hours. The natural gas industry is betting gas will serve as the preferred choice. Coal plant retirements and data centers could result in 6 bcf/d of new natural gas demand in EQT's backyard by 2030, the CEO said. The level of electricity demand could help lift natural gas prices out of the doldrums.
Persons: Kena, Goldman Sachs, Robert, Richard Kinder, Kinder Morgan, Kinder, Roger Read, Wells, Goldman, Toby Rice, Rice, CNBC's, Christopher Womack, Robert Blue, EQT, Jeremy Knop, Knop, Blue, Read, Lynn, Zack Van Everen, Robert Kinder Organizations: Linden, View Press, Getty, Amazon, Google, Microsoft, Meta, Rystad Energy, Robert Blue Dominion Energy, Gas, Holt, Co, EQT Corp, U.S ., Dominion Energy, Georgia Power, Southern Company, Dominion, Renewables, CNBC, Lynn Good, Energy Locations: Linden New Jersey, U.S, Wells, Wells Fargo, New York, Houston, Pickering, Northern Virginia, Georgia, Appalachian, Virginia, Gulf
In this article BRK.A Follow your favorite stocks CREATE FREE ACCOUNTWarren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. The death of Munger last year brought the question of succession to the forefront of many investors' minds at this year's shareholders meeting. Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. At the 2015 meeting, for example, he observed, "Warren, if people weren't so often wrong we wouldn't be so rich." Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.
Persons: Warren Buffett, David A, CNBC Warren Buffett, Charlie Munger, Munger, Buffett, Greg Abel, Ajit Jain, Berkshire Hathaway, he'd, Abel, Greg, CNBC Abel, that's, Munger's, Warren Organizations: Berkshire, Grogen, CNBC, Berkshire Hathaway, Berkshire Hathaway Energy, Oracle Locations: Omaha , Nebraska, mull, Berkshire, Omaha
Worry not, padawans: CNN has laid out a comprehensive timeline of the “Star Wars” canon so you can follow all of the franchise’s time-jumps without getting lost in space. These details are pulled from the official “Star Wars” resources “Ultimate Star Wars” and “Star Wars Character Encyclopedia,” as well as a chart of the eras explored throughout the franchise. ‘Star Wars: The Clone Wars’ (animated series)Ahsoka is Anakin's padawan in "The Clone Wars," and he lovingly calls her "Snips." ‘Star Wars Rebels’Kanan Jarrus, Zeb Orrelios and Sabine Wren take on the Empire in "Star Wars Rebels." ‘Rogue One: A Star Wars Story’Heroes attempt to find the plans to blow up the Death Star in "Rogue One."
Persons: we’ve, Rey Skywalker, Jin, Anakin Skywalker, Wan, Anakin, who’s, Anakin’s, Darth Maul, Palpatine, Darth Sidious, Obi, , Padmé, , Count Dooku, Warner, Ahsoka Tano, Sidious, Darth Vader, Luke, Leia, Vader, , Han, Chewie, Jonathan Olley, scoundrel Han, Thrillist, frenemy, Lando Calrissian, ‘ Obi, Kanan Jarrus, Zeb Orrelios, Sabine Wren, ‘ Andor, Cassian Andor, Jyn Erso, Jyn, ’ Luke, , Yoda, batty, Lando, Yikes, Jabba, redeems, VI, VII, Grogu, Mando, Boba Fett, Jango Fett, flitted, Boba, Din, ” It’s, Ahsoka, Jabba the, Suzanne Tenner, Ezra Bridger, Hera Syndulla, Thrawn, Rey, Kylo Ren, ” Rey, stormtrooper Finn, Kylo, ’ Finn, Phasma, Ren, Snoke, MacGuffin, Poe, Emperor Palpatine, she’s, Jude, Kerry Condon, Lee Jung, jae, Amandla, Leslye Headland, James Mangold, Indiana Jones, Dave Filoni, Daisy Ridley Organizations: CNN, , “ Star, Lucasfilm, Everett, Lucasfilm Ltd, USA, , Warner Bros, Fox, Empire, Tech, Disney, Walt Disney Studios, ‘ Star Wars Rebels, Star Wars Rebels, AV, Pictures, Rebel, Rebels, Galaxy, imperials, Rotten, “ Star Wars Rebels, Force, Rey, C3PO, Jude Law, Variety Locations: Yavin, , Republic, Hunter, Luke’s, , USA, carbonite, New Republic, Endor
Over that time, the non-farm payrolls survey showed that the US economy gained 640,000 jobs. In addition to believing jobs data is distorted, Rosenberg has said in recent months that stock prices and valuations are disconnected from the macroeconomic picture. The chart below shows the AI boom — represented by the yellow line — with AI stocks climbing several hundred percent since 2022. Rosenberg ResearchDownturn or no downturnRosenberg has been notoriously bearish over the last couple of years, repeatedly warning of a recession. Pantheon MacroeconomicsAs Rosenberg points out, the longer the Fed keeps rates elevated, the higher the risk of a recession becomes.
Persons: David Rosenberg, Rosenberg, Merrill Lynch's Organizations: Labor Statistics, Business, Rosenberg Research, BLS, Dynamics, Federal Reserve, Nvidia, Bloomberg, Treasury
In 2017, at 19 years old, Jack Kellogg became interested in stock trading. AdvertisementIn 2023, he took advantage of the AI hype by trading stocks within that theme. He then reviews these stocks' price movements over the previous three to two weeks. Where it's set depends on how much he's willing to risk on each position and varies based on the stock's price movements. While he's agnostic about the stock's cap size, he favors swing trading mid and sometimes small-cap stocks.
Persons: Jack Kellogg, Timothy Sykes, Kellogg, Kellogg wasn't Organizations: Business, BI, Trust, Nvidia, CXApp Inc
Nick Fuentes, a far-right commentator, is set to return to X.Elon Musk bought X in 2022, promoting free speech absolutism. The Anti-Defamation League describes Fuentes as a white supremacist , anti-semite , and 2020 election-denier "who seeks to forge a white nationalist alternative to the mainstream GOP." When Elon Musk bought X for $44 billion in October 2022, he set out to defend free speech absolutism on the platform. Nick Fuentes' flirting with hate-speech has meant he has had a rocky relationship with X and Twitter before it. Business Insider's Katherine Tangalakis-Lippert reported that despite Musk identifying as a "free speech absolutist," the same embrace of free speech does not extend to his critics.
Persons: Nick Fuentes, Elon Musk, Musk, , Elon, Jim Crow, Fuentes, Hitler, Donald Trump, Jordan Peterson, Andrew Tate, GMwHmInPAS — Elon, Katherine Tangalakis Organizations: Service, Defamation League, GOP, Elon, Kanye, Twitter Locations: Virginia, Israel
Opinion: The magic art of changing your mind
  + stars: | 2024-05-04 | by ( Opinion Tess Taylor | ) edition.cnn.com   time to read: +7 min
The poem shows a human speaker in the vulnerable act of changing their mind. Keats doesn’t want to be in the sky, eternally (and probably uncomfortably) unblinking, or even to be an “Eremite,” — which is just a fancy word for hermit. Keats doesn’t want to be distant at all, it turns out. It was the poem’s role to change its mind out loud, by setting out one way and then changing course. I’m not saying that poetry doesn’t have a place to hold our rage.
Persons: Tess Taylor, John Keats, Tess Taylor Adrianne, Keats, Keats doesn’t, he’d, He’s, what’s, certainties, , , WB Yeats, I’m Organizations: , CNN, Hulton, Twitter, WB Locations: absolutes
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