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Apple: Here's why Bernstein upgraded the stock
  + stars: | 2024-04-29 | 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 EmailApple: Here's why Bernstein upgraded the stockToni Sacconaghi, Bernstein senior research analyst, joins 'Money Movers' to discuss the firm's rating upgrade on Apple, the last time Bernstein rated Apple as 'outperform,' and more.
Persons: Bernstein, Toni Sacconaghi Organizations: Apple
CNBC's Jim Cramer was wary of Apple 's Monday rally, which he said was spurred by an analyst upgrade. On Monday, Bernstein's Toni Sacconaghi upgraded the stock from neutral to buy and said it's time to "buy the fear." Cramer said he's not trying to disregard Sacconaghi, who he called a "genuinely great analyst," but said he's an "Apple skeptic" who doesn't analyze the stock accurately. Cramer added that "it feels a bit suspect" that this moment is when Sacconaghi "climbs on the bandwagon" for Apple. "Apple rallied on an upgrade from an analyst who, historically, does not have a great understanding of this particular stock," Cramer said.
Persons: CNBC's Jim Cramer, Bernstein's Toni Sacconaghi, Sacconaghi, it's, Toni, Cramer, you've, he's, Apple Organizations: Apple, CNBC Locations: China
A longtime Apple skeptic upgraded the iPhone maker, sending the struggling Club stock higher in Monday's session. "Apple got distorted today by an upgrade [from] someone who historically has been incredibly wrong" about the stock, Jim said on Monday. AAPL YTD mountain Apple (AAPL) year-to-date performance In Monday's upgrade, Sacconaghi offered a largely upbeat view on Apple's long-term prospects – a view that we share. 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, Bernstein, Toni Sacconaghi, Sacconaghi, Jim, Jim Cramer's Organizations: Apple, Club, Bloomberg, Microsoft, Google, CNBC, Nurphoto, Getty Locations: China
Monday's analyst calls included an upgrade to Apple and a move in the opposite direction for athleisure giant Lululemon and electric car marker Tesla. The firm downgraded Ulta stock to equal weight from overweight, and lowered its price target to $434 per share from $612. — Brian Evans 6:30 a.m. Evercore slashes Tesla price target Evercore ISI says its forecast for Tesla stock is due for an update as headwinds from the start of the year converge and pressure the electric vehicle company. Apple stock has pulled back 12.1% in 2024 but was up 1.7% in premarket trading Monday. Lululemon stock has slipped nearly 29% in 2024 and was off 1.9% premarket Monday.
Persons: Bernstein, Toni Sacconaghi, Barclays downgrades Ulta, Adrienne Yih, Yih, — Brian Evans, Chris McNally, McNally, Bernstein's Toni Sacconaghi, Sacconaghi, Barclays downgrades Lululemon, headwinds, LULU Organizations: CNBC, Apple, Tesla, Barclays, ISI Locations: China, Friday's, Mexico
Bernstein upgraded shares of Apple on Monday, saying they had fallen too far on fears of sluggish iPhone 15 sales and overall weak revenue in China. Bernstein upgraded Apple to outperform from market perform and kept its $195 price target, representing 15% upside from here. Sacconaghi's upgrade note, which he titled, "Buy the fear," comes before Apple reports earnings Thursday evening. Bernstein also cites that history shows it pays to buy Apple shares in the three months ahead of a new iPhone launch, noting that the stock has outperformed in 15 of those past 17 periods. Bernstein upgraded Apple to outperform from market perform and kept its $195 price target, representing 15% upside from here.
Persons: Bernstein, Buffett, Warren Buffett, Toni Sacconaghi, Berkshire Hathaway, YTD Bernstein, David A, CNBC Bernstein Organizations: Apple, Berkshire, Berkshire Hathaway, Grogan, CNBC Locations: China, Berkshire, Omaha , Nebraska
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Bernstein's Toni Sacconaghi on Tesla earningsToni Sacconaghi, Bernstein, joins 'Squawk on the Street' to discuss what Sacconaghi would've liked to hear on Tesla's earnings call, the EV giant's full-self driving and Robotaxi plans, and what happens in the next 5-10 years for Tesla.
Persons: Bernstein's Toni Sacconaghi, Toni Sacconaghi, Bernstein, Sacconaghi would've, Tesla Organizations: EV
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla skepticism remains centered on potential new models, says Bernstein's Toni SacconaghiToni Sacconaghi, Bernstein, joins 'Squawk on the Street' to discuss what Sacconaghi would've liked to hear on Tesla's earnings call, the EV giant's full-self driving and robotaxi plans, and what happens in the next five to 10 years for Tesla.
Persons: Bernstein's Toni Sacconaghi Toni Sacconaghi, Bernstein, Sacconaghi would've, Tesla Organizations: EV
Read previewToni Braxton, 56, is speaking up about how her lupus diagnosis has impacted her life and career. "I was told to hide I had lupus," Braxton said, adding that it was her management's idea. AdvertisementBraxton, who was diagnosed with lupus in 2008, added that being upfront about her illness hurt her career. "You would not get work, because the second I told I had it, I didn't get work at first. In April 2023, Braxton told Today that lupus "attacked" her heart and that she had narrowly avoided a deadly heart attack because she decided not to skip her doctor's appointment.
Persons: , Toni Braxton, Braxton —, Daniel Wallace —, Mary Alice Haney, Thaïs Aliabadi, Braxton, I'm, Braxton isn't, Selena Gomez, I've, could've, Gomez, Seal, lupus, traumatizing, Lupus Organizations: Service, OB, Business, Billboard, Yahoo, Lupus Foundation of America
But the question over the color of Jesus’ skin is a serious one this Easter, for two reasons. But there are some who say Jesus’ color should stay the same, or that it doesn’t matter at all. He concedes that there are barriers to worshipping a White Jesus that he, a White man, may not understand. Jesus didn’t simply care about the poor, he was poor.”Cleveland tells CNN that people who say Jesus’ color wasn’t important ignore history. She says the experience taught her how much White Christian nationalism and the White Jesus have merged.
Persons: CNN — Christena Cleveland, Thomas ”, Jesus, , Cleveland, Thor, , Jesus didn’t, Megyn Kelly, , Trump, Donald Trump, Al Drago, Gentile, Warner, he’s, Sallman, Edward J, Blum, Jesus Christ, Mario Tama, Christina L, Barr, ” Barr, he’d, coon, ” Antony Pinol, Pinol, God, Jesus doesn’t, ” Pino, Jeff Hutchens, Albert Cleage, George Floyd, Black, Dante Stewart, ” “, ” Stewart, James Cone, Toni Morrison, White, ‘ ’ Blum, MAGA, White MAGA Jesus, Paul Weaver, Drew Angerer, Jesus ’, Frederick Buechner, John Blake Organizations: CNN, Cleveland, TSA, Fox News, Bloomberg, Getty, CARE, New York Times, Christ, America, Communist Party, Warner, Republican Party, Black Tea News, Pennsylvania State Capitol, Christianity Locations: Cleveland, Hollywood, barbershops, Santa Claus, America, White, Avoca , Pennsylvania, Israel, Port, Prince, Haiti, Africa, Dillon , South Carolina, Asia, Southern, Eastern Europe, Rome, Harrisburg , Pennsylvania, Gaza, New York City
Remote jobs are getting harder to come by. As of December 2023, remote jobs made up less than 10% of postings advertised on LinkedIn, down from a high of 20.6% in March 2022 — even though close to half of jobseekers prefer remote roles. To examine where remote hiring is happening the most for high-paying jobs, FlexJobs identified the top 10 occupations with the highest number of remote job openings on their site between January and March 2024 that pay more than $100,000. The top industries offering ample remote work opportunities with six-figure salaries include tech, marketing and project management, per FlexJobs data provided to CNBC Make It. With that in mind, here are some in-demand, high-paying remote jobs that can earn you a salary of $100,000 or more, according to data from FlexJobs and Payscale:1.
Persons: , FlexJobs, Toni Frana, We've, Frana Organizations: LinkedIn, CNBC Locations: FlexJobs
It's sentencing day for Sam Bankman-Fried
  + stars: | 2024-03-28 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +6 min
In today's big story, disgraced crypto executive Sam Bankman-Fried finds out how long he's going to prison . Sam Bankman-Fried, the ex-CEO of FTX and former face of crypto, will be sentenced in a Manhattan courtroom today. An FTX debtor lawyer told the bankruptcy court that FTX customers and creditors "will eventually be paid in full." AdvertisementGetty Images; Alyssa Powell/BIBut according to some, FTX customers getting their money back is despite SBF, not because of him. Almost a third of young people reported using ChatGPT "for tasks at work."
Persons: , Sam Bankman, Fried, Chelsea Jia Feng, Lewis Kaplan, E, Jean Carroll, Donald Trump, Insider's Jacob Shamsian, FTX, Alyssa Powell, John J, Ray III, SBF, What's, Bernstein, Toni Sacconaghi, they've, Dan DeFrancesco, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Prosecutors, Big Tech, Companies, Pew, ChatGPT, Microsoft, League Baseball's Locations: Manhattan, New York, London, Chicago
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLast year, Gabbie Hanna took an extended break from the internet, with some thinking she would never come back. The shift in perception is not guaranteed by stepping away, but it does help, experts say. Advertisement"The public tends to be more forgiving of celebrities and influencers who come back and show genuine change," Varbanova said. How getting 'canceled' has changedHanna, like many influencers, has been "canceled" multiple times over her career.
Persons: Gabbie Hanna, influencers, , Hanna, David Dobrik's Vlog, Toni Ferrara, Varbanova, It's, Colleen Ballinger —, earthness, Sophie Wood, it's, Wood, Gen Zers Organizations: Service, YouTube, Ferrera Media, Business
SACRAMENTO, Calif. (AP) — California’s former Controller Betty Yee announced Wednesday she will run for governor in 2026, vying to succeed outgoing Gov. Eleni Kounalakis, Superintendent of Public Instruction Tony Thurmond, who is Black, and outgoing state Senate leader Toni Atkins, a lesbian lawmaker, have all announced their candidacies. Photos You Should See View All 60 ImagesYee served as the budget director for Democratic Gov. She was then elected as a member of the California State Board of Equalization and then as state controller. California controller is responsible for disbursing state funds, auditing government agencies and serving on more than 70 boards and commissions.
Persons: , Betty Yee, Gavin Newsom, Yee, ” Yee, Newsom, Gov, Eleni Kounalakis, Tony Thurmond, Toni Atkins, Rob Bonta, Gray Davis Organizations: Democratic, California Democratic Party, Democratic Gov, California State, of Equalization Locations: SACRAMENTO, Calif, San Francisco, Sacramento, California
Bernstein lowered its price target on Tesla, calling for 30% downside. Meanwhile, Mizuho raised its price target on Micron, citing a growing AI opportunity. The firm reiterated a buy rating on the computer storage and memory stock on Monday and raised its price target to $130 per share from $124. — Brian Evans 5:53 a.m.: Bernstein cuts Tesla price target Longtime Tesla bear Toni Sacconaghi lowered his price target on the EV maker to $120 from $150, citing growing demand constraints. TSLA YTD mountain TSLA ytd — Fred Imbert
Persons: Bernstein, Mizuho, Jason Getz, — Brian Evans, Toni Sacconaghi, Tesla, Sacconaghi, Fred Imbert Organizations: CNBC, Micron, Mizuho, Mizuho Securities Locations: China, Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's business model is intact & unlikely to be materially impacted by regulation: Toni SacconaghiToni Sacconaghi, Bernstein senior research analyst, joins 'Squawk Box' to discuss EU's probe into Big Tech companies, the DOJ's antitrust lawsuit into Apple, what it means for Apple going forward, and more.
Persons: Toni Sacconaghi Toni Sacconaghi, Bernstein Organizations: Big Tech, Apple
CNN —Austria’s Christoph Baumgartner scored the fastest ever international goal on Saturday, taking just six seconds to find the back of the net during his country’s 2-0 victory against Slovakia. Austria had to wait more than 80 minutes for its second goal when Andreas Weinmann doubled its lead and secured a 2-0 victory. Later that evening, Florian Wirtz scored Germany’s fastest ever international goal as his team claimed a 2-0 victory against France in Lyon, taking just a second longer than Baumgartner to find the back of the net. Florian Wirtz scored after just seven seconds against France. “We had a very good start and the kickoff was planned exactly that way,” Germany manager Julian Nagelsmann said afterwards, per Reuters.
Persons: CNN — Austria’s Christoph Baumgartner, Lukas Podolski’s, Andreas Weinmann, Florian Wirtz, Baumgartner, Toni Kroos ’, , Julian Nagelsmann, Kai Havertz, Germany’s Organizations: CNN, Slovakia, France, Zuma Press, Reuters Locations: Germany, Ecuador, Austria, Lyon, France, ” Germany,
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewGwyneth Paltrow has jokingly cursed out former President Bill Clinton for falling asleep during a showing of her 1996 film "Emma." Appearing on the First We Feast's viral YouTube interview series "Hot Ones," Paltrow was asked by host Sean Evans about the rumor that Clinton "passed out asleep" during a White House screening of the Jane Austen adaptation. Despite Clinton's response to the film, "Emma" received generally positive reviews from critics and was nominated for two Academy Awards, one for costume design and another for original score. Paltrow's role in "Emma" came two years before Paltrow's Oscar-winning performance in another period piece, "Shakespeare in Love."
Persons: , Gwyneth Paltrow, Bill Clinton, Emma, Paltrow, Sean Evans, Clinton, Jane Austen, Emma Woodhouse, Toni Collette, Alan Cumming, Ewan McGregor, Paltrow's Oscar, Jeremy Northam, Alex Cooper Organizations: Service, Business, Variety ., Rotten, Miramax Locations: Love
The obsession with lavish weddings grew to a fever pitch in the years following the start of the Covid-19 pandemic. That’s bad news for wedding vendors who provide services like videography, photo booths and catering. Meanwhile, those vendors are facing a more worrisome existential threat: a looming drop in the overall number of weddings. But she said that so far in 2024, weddings are “cooling a bit.”A recent wedding where Gabrielle Stone served as the planner. In another life, some of those would-be couples who never met in 2020 could have gotten engaged this year.
Persons: , Shane McMurray, What’s, McMurray, Gabrielle Stone, ” Stone, Stone, Kay, Jared, Gina Drosos, , Z, ” McMurray, Toni Burrowes, Burrowes, didn't, Toni Burrowes “, Alyssa Young, We've, Alyssa Young “, it’s, ” Young, It’s Organizations: CNN, Signet Jewelers, Kay Jewelers, Signet, Alpha, University of Virginia, Brigham Young University, Bureau of Labor Statistics Locations: Boston, Zales, Central Florida, San Antonio, Texas
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with DCLA's Sarat Sethi and Bernstein's Toni SacconaghiSarat Sethi, DCLA managing partner and portfolio manager, and Toni Sacconaghi, Bernstein senior analyst, join 'Power Lunch' to discuss Apple and Tesla as both companies' stocks have not been performing well.
Persons: DCLA's Sarat Sethi, Bernstein's Toni Sacconaghi Sarat Sethi, DCLA, Toni Sacconaghi, Bernstein Organizations: Apple
Here's why Tesla has to make its cars 'more affordable'
  + stars: | 2024-03-15 | 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 EmailHere's why Tesla has to make its cars 'more affordable'Sarat Sethi, DCLA managing partner and portfolio manager, and Toni Sacconaghi, Bernstein senior analyst, join 'Power Lunch' to discuss Apple and Tesla as both companies' stocks have not been performing well.
Persons: Tesla, Sarat Sethi, DCLA, Toni Sacconaghi, Bernstein Organizations: Apple
CNN —As he led the team out inside of a raucous Emirates Stadium on Tuesday night, Arsenal captain Martin Ødegaard had the weight of expectation on his shoulders. Because Ødegaard looks to have finally found his home at Arsenal. On a magical night for Arsenal fans, Ødegaard produced another sensational performance, proving once again to be the creative spark for Mikel Arteta’s team. But, in Ødegaard, Arsenal finally has a leader who looks determined to lead this team to success. And, in Arsenal, Ødegaard finally has a place to shine.
Persons: Martin Ødegaard, Ødegaard, Mikel Arteta’s, Leandro Trossard, Arsenal's Ødegaard, Andrew Boyers, Arsene Wenger’s, Martin, , Hans Erik Ødegaard, Zinedine Zidane, Denis Doyle, Luka Modrić, Toni Kroos, Arteta, , “ Martin, he’s, ” Ødegaard, Mike Hewitt Organizations: CNN, Emirates, Arsenal, Gunners, Porto, Champions League, Norwegian, Strømsgodset, Norwegian national, Manchester United, Liverpool, CNN Sport, , Madrid, Real Madrid, La Liga, Spanish, Real Sociedad, ” Arsenal, English Premier League rivals Manchester City Locations: Norwegian, Europe, France, Real, London, Liverpool, Ødegaard, Arsenal
"Fluid intelligence" slows with aging, Walsh said. U.S. President Joe Biden delivers the State of the Union address at the U.S. Capitol in Washington, D.C., March 7, 2024. Nearly 80% of older workers say they've seen or experienced age discrimination in the workplace, according to research by AARP. There are areas where older workers outperform younger workers. Philip Taylor University of Warwick professor"Crystallized intelligence," considered wisdom, also grows throughout our life, experts say.
Persons: Joe Biden, Biden, Chip Somodevilla, Robert K, Hur, Abdel Fattah el, John Walsh, Walsh, hasn't, Elizabeth Frantz, Selkoe, I've, Joel Kramer, Biden's missteps, Kramer, Philip Taylor, Taylor, Alex Katz, Toni Morrison, they've, , Joseph Biden Organizations: Getty, gerontology, University of Southern, U.S, Capitol, Washington , D.C, Reuters, University of California, AARP ., UCSF, Aging, University of Warwick, Employees, Philip Taylor University of Warwick, Bettmann Locations: Washington , DC, California, Egypt, Mexico, Gaza, University of Southern California, Washington ,, Israel, Biden's State
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple doesn't necessarily need to be a leader in generative AI, says Bernstein's Toni SacconaghiToni Sacconaghi, Bernstein senior research analyst, joins 'Squawk Box' to discuss the troubles facing Apple, the company's AI strategy, the success of its services segment, and more.
Persons: Bernstein's Toni Sacconaghi Toni Sacconaghi, Bernstein Organizations: Apple
I wake up every day at 4 a.m. to get a couple hours of paid work before my daughter wakes up. I can't afford full-time childcare, so I have her with me some days of the week. I can usually get a couple of hours of paid work done before my daughter wakes up, then my attention shifts. We can’t afford full time childcare with our current income, even though we both need to work full-time hours. Our day care offers a sliding scale fee structure, which feels like a privilege, but it’s somehow also still unaffordable.
Persons: , Toni Morrison, I’m, doesn’t, it’s, we’ve Organizations: Service Locations: autopay
Sorry, boys — F1 is for the girls now
  + stars: | 2024-03-02 | by ( Maria Noyen | ) www.businessinsider.com   time to read: +13 min
There's been one female team principal, and only two female drivers have officially qualified for a race in the sport's history. In 1975, Lella Lombardi, nicknamed the "F1 Female Trailblazer," became the first and only woman to score points in a Grand Prix. In November 2022, F1 Group CEO Stefano Domenicali said that about 40% of F1 fans were female, an 8% increase from 2017. Advertisement'If a girl gets something wrong, they know absolutely nothing'The new wave of F1 fans hasn't always met with open arms. Courtesy of Neha SridharLike Jung, Sridhar runs an F1 TikTok account, though hers leans toward the tech side of things.
Persons: , Bella Jung didn't, He's, Jung, Jung didn't, Bella Jung, Statista, Carlos Sainz, Kym Illman, Lissie Mackintosh, Toni Cowan, Brown, There's, Lella Lombardi, Ronald Dumont, Stefano Domenicali, McLaren's Lando Norris, hasn't, Lewis Hamilton, Neha Sridhar, Sridhar, Charles Leclerc, aren't, Irene Su, Su, who's, Su's, Taylor Swift, George Russell, Gongora, NurPhoto, fandoms, Hamilton, Mercedes, Ferarri, Zayn Malik, they're, it'll, Susie Wolff, Toto Wolff, she's, she'd, It's Organizations: Service, Oracle, Business, NASCAR, Netflix, Las Vegas, Twitter, Prix, Drivers, ESPN, Austrian, Guardian, Tech, NFL, Getty, F1 Academy Locations: Bahrain
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