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Investors looking for exposure to the "internet of things" — the concept of linking physical objects to the internet and cloud — should consider buying shares of Samsara. Analyst Kash Rangan upgraded Samsara , which provides tracking systems for vehicle fleets and agricultural equipment, to buy from neutral. He also hiked his price target on the stock to $27 from $16, implying upside of 60% from Thursday's close. Rangan pointed out this marks the fourth consecutive quarter in which Samsara's revenue outperforms expectations. Samsara CFO Dominic Phillips said during a call with analysts that the company expects to reach breakeven free cash flow in the fourth quarter.
Salesforce shares surged 12% on Thursday and headed for their biggest single-day rally since August 2020, after the cloud software vendor issued earnings and guidance that trounced analysts' estimates. After the close of regular trading on Wednesday, Salesforce reported fiscal fourth-quarter adjusted earnings of $1.68 per share, 23% higher than the consensus among analysts polled by Refinitiv. Alongside the earnings report, Salesforce said it's working with Bain on a business review, and the company announced the elimination of the board's committee on mergers and acquisitions. Rangan, who recommends buying the stock, raised his 12-month price target for the second time in a week after the report. WATCH: Salesforce earnings highlight how expectation beats can move markets, says Kari Firestone
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Goldman Sachs analyst Kash RanganGoldman Sachs analyst Kash Rangan joins 'TechCheck' to discuss his buy rating on Microsoft.
Six stocks Goldman Sachs likes ahead of earnings
  + stars: | 2023-01-21 | by ( Alex Harring | ) www.cnbc.com   time to read: +7 min
Goldman Sachs' analysts have stocks they are confident about going into a new earnings season. The stocks we found are Amazon , ServiceNow , Colgate-Palmolive , Boeing , Microsoft and Cleveland-Cliffs . Colgate-Palmolive Analyst Jason English raised estimates ahead of Colgate-Palmolive's Jan. 27 earnings as headwinds from foreign exchange turn in to tailwinds. While English said the uncertain global environment could hurt Colgate's business, he still expects the toothpaste and soap maker to meet Goldman's 9% per-share earnings growth forecast for the year. Specifically, we are now forecasting AWS growth to decelerate to +21% YoY (vs. +27.5% YoY in Q3'22) with more subdued growth expectations in 2023.
CIA staff pledged to quit if Donald Trump fired its director, Alyssa Farah Griffin said. At the time, Trump was said to be considering replacing Gina Haspel with supporter Kash Patel. "I have been told that they tried to fire Gina Haspel, the CIA director, and install Kash Patel." "They were able to stop it," Farah Griffin told the House select committee. "But allegedly, for about 14 minutes, Kash was actually the CIA director."
As investors prepare their portfolios for the new year, Goldman Sachs revisited laggard stocks that have the potential to outperform at the start of 2023. In the past, stocks that lagged the broader market tended to become leaders in the first quarter of the following year, according to Goldman Sachs. Goldman Sachs searched for laggards across several different criteria. Another stock that made the list includes Adobe , which Goldman Sachs considers a buy-rated quality stock trading at a reasonable valuation. In October, Goldman Sachs analyst Kash Rangan identified the name as a tech stock that is resilient in a downturn .
Bentley Systems is expected to continue performing well as demand for civil engineering services bucks broader trends, Goldman Sachs says. Analyst Kash Rangan upgraded the stock to buy from neutral and upped his price target to $44, which implies an upside of 27.8% from Wednesday's close. He said Bentley is poised to outperform even in a "more turbulent economic environment." But Rangan thinks Bentley has a better trajectory, pointing to strong earnings this year, 99% account retention and 110% annual recurring revenue. Missing margin expectations could also hurt valuation given management's pledge to continue expanding by at least 100 basis points every year.
WASHINGTON — The Department of Justice has granted immunity to Trump adviser Kash Patel after a judge ruled that was the only way to compel his grand jury testimony in the Mar-a-Lago case, a source familiar with the matter told NBC News. Patel has said that former President Donald Trump declassified certain documents found at his Mar-a-Lago estate before leaving office. NBC News reported in February that the archives found classified material among the boxes of White House documents that Trump improperly took to Mar-a-Lago. Patel told Breitbart News in May that the documents had been declassified by Trump but their markings were not updated. "Trump declassified whole sets of materials in anticipation of leaving government that he thought the American public should have the right to read themselves," Patel said then.
WASHINGTON— Kash Patel , a close associate of former President Donald Trump, is set to soon testify before a federal grand jury probing the handling of classified documents at Mar-a-Lago after receiving immunity for his information, people familiar with the matter said. A federal judge recently decided the Justice Department couldn’t force Mr. Patel to testify without such protection against his statements being used against him in some future prosecution. That ruling, the people said, opens the door for Mr. Patel, who says Mr. Trump broadly declassified White House documents while still president, to answer questions.
Trump has claimed that he declassified all the documents he took with him before he left office, but so far the aides who have testified before a grand jury have said they saw no evidence that Trump declassified anything. Patel's testimony is considered crucial to answering the question of whether Trump declassified any of the documents he took with him to his Florida estate, Mar-a-Lago. Patel, however, claimed in an August interview with The Wall Street Journal that he had personally witnessed Trump verbally declassify documents. But when Patel was called later to testify before the grand jury in October, he reportedly did not make the same assertions. In a case that hinges on whether Trump mishandled state secrets, the question of whether the documents marked classified were in fact state secrets is pivotal.
As the Dow Jones Industrial Average climbs to its best month in decades, investors may be looking for the stocks poised to continue the upward momentum. If the gains hold Monday, it will be the best month for the index since 1976. Then, CNBC Pro found the stocks that have at least 10% upside to the consensus target price. The stocks set to lead the Dow That yielded four stocks well-known to investors. The next company on the list, Salesforce, has the highest upside to its consensus price target – analysts see it gaining more than 32%.
Still, most analysts covering Microsoft remained bullish on the company in the long-term. While a number of firms covering the tech company lowered their 12-month price targets, buy ratings for the tech giant remained intact. The firm reiterated its buy rating but cut its price target to $315 from $330 to reflect slower growth ahead. Lenschow maintained his overweight rating but lowered his price target to $296 per share from $310. The bank has a buy rating on Microsoft and a price target of $282 per share.
Trump aide Kash Patel appeared before a grand jury in the Mar-a-Lago case. He faces potential legal repercussions over Trump's retention of government records, CNN reported. The DOJ believes Trump may have broken the law by keeping government records after leaving office. According to CNN, Patel, who still works for Trump, spent several hours before the grand jury in Washington, D.C., on October 13. The DOJ believes that Trump and his aides may have obstructed its probe into the retention of the records.
Software stocks have taken a beating this year, but Goldman Sachs thinks there are some names in the space that can withstand a sharp economic downturn. As of Monday, it traded more than 40% below its 52-week high. Despite all of this, Goldman's Kash Rangan was able to identify some software stocks that can be resilient despite an economic "hard landing," or if the U.S. economy tumbles into a recession. The tech giant is down about 30% year to date and has fallen 32% since reaching a 52-week high last November. Goldman rates intuit as a buy and sees upside of roughly 51% from Friday's close.
George Conway during a CNN interview was highly critical of Trump's handling of classified documents. "Having top-secret FBI information in our home? Conway said individuals defending Trump and criticizing the FBI were "basically desperate." On CNN, Conway proceeded to lambast individuals who have backed Trump's claims regarding the FBI's search. He had no business bringing top-secret FBI material from the Situation Room or the Oval Office up to the residence.
The legislation establishing it directed the committee to report on the entire set of "facts, circumstances, and causes" surrounding the January 6, 2021 attack on the Capitol. The January 6 committee report contains extensive documentation of forewarnings of violence that were percolating up from confidential sources, open-source analysts, and senior officials. On January 4, Senator Mark Warner, chair of the Senate intelligence committee, called the FBI's deputy director with his concerns. As the committee notes, a threat analyst noted a "tenfold uptick in violent online rhetoric targeting Congress and law enforcement." Looming over the January 6 committee's report is the report by the 9/11 Commission, which was far from perfect, but much more comprehensive and unsparing.
Surse militare au declarat pentru CNN că „Acestea sunt mişcări de dictator”, titrează Mediafax. De când Donald Trump l-a concediat luni pe secretarul Apărării, Mark Esper, alţi trei oficiali ai Departamentului Apărării au demisionat sau au fost demişi. James Anderson, subsecretarul interimar al apărării pentru politici, a renunţat la poziţie marţi la presiunile Casei Albe, relatează Politico. Joseph Kernan, subsecretarul apărării pentru informaţii şi Jen Stewart, şeful de cabinet al lui Esper, şi-au părăsit posturile şi au fost înlocuiţi de Ezra Cohen-Watnick şi Kash Patel. Este foarte neliniştitor", a declarat un oficial al apărării pentru CNN, adăugând: „Acestea sunt mişcări de dictator".
Persons: SUA Donald Trump, CNN, Donald Trump, Mark Esper, James Anderson, Anderson, Anthony Tata, Trump, Barack Obama, Joseph Kernan, Jen Stewart, Ezra Cohen, Cohen, David Norquist, Adam Smith, . Smith Organizations: Mediafax, Apărării, Casei, Gen, Fox News, CNN, Associated Press, The Washington Post Locations: SUA, America
SUA: Mai mulţi demnitari importanţi din Pentagon au demisionat
  + stars: | 2020-11-11 | by ( ) tvrmoldova.md   time to read: +2 min
11.11.2020 10:15 Sursa foto:Wikipedia Vizualizari:SUA: Mai mulţi demnitari importanţi din Pentagon au demisionatDepartamentul Apărării american a anunţat că trei membri importanţi ai săi au renunţat la funcţii, a doua zi după ce preşedintele în exerciţiu al SUA, Donald Trump, l-a destituit pe ministrul apărării Mark Esper, transmite Agerpres. Decizia nu a fost total neaşteptată, ţinând cont de divergenţele publice existente între Trump şi Esper pe mai multe subiecte în ultimele luni. Mark Esper se pregătea de ceva vreme pentru perspectiva demisiei sau a destituirii sale după alegerile de la 3 noiembrie, în special dacă Trump ar fi câştigat un al doilea mandat. Esper l-a înfuriat pe Donald Trump prin opoziţia la ameninţarea preşedintelui că va trimite militari activi pentru a reprima protestele antirasism care au zguduit SUA în vară. În plus, Mark Esper nu a fost de acord nici cu atitudinea de desconsidere a NATO afişată de Trump, au mai indicat sursele.
Persons: Donald Trump, Mark Esper, James Anderson, Joseph Kernan, Stewart, Anthony Tata, Barack Obama, Tata, Trump, Esper Organizations: Apărării american, Agerpres, Albă, NATO Locations: SUA, Pentagon, funcţii, exerciţiu, opoziţia
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