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☆ Top money managers pick the stocks they like for 2024 that aren't the Magnificent Seven
▼ + stars: | 2024-01-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

There are plenty of stocks other than the so-called "Magnificent Seven" that are appealing right now, top money managers told CNBC on Thursday. The mega-cap tech stocks that make up the " Magnificent Seven " — Apple , Alphabet , Meta , Microsoft , Amazon , Nvidia and Tesla — each gained at least 48% last year. They make up about a quarter of the S & P 500's total market share. For one, software stocks such as Salesforce are adjacent to the Magnificent Seven, have done well and have a "very long trajectory," she said. The energy names Simpson owns are Chevron and ConocoPhillips .

Persons: Bryn Talkington, Bob Pisani, Talkington, Kevin Simpson, Simpson Organizations: CNBC, Microsoft, Nvidia, Tesla, Capital Management, Wealth, Broadcom, Cisco, IBM, Diamondback Energy, Chevron, ConocoPhillips

☆ Inside the rise of Chiara Ferragni, the social media mega-star who's been accused of misleading followers into buying a charity cake
▼ + stars: | 2024-01-10 | by ( Andrew Lloyd | Charissa Cheong | ) www.businessinsider.com time to read: +6 min

Chiara Ferragni is an Italian influencer with just under 30 million followers on Instagram. Here's how the digital entrepreneur shot to social media superstardom. The item was packaged with a pink box featuring Ferragni's name and logo, as well as an illustration of the social media star. AdvertisementBut how did Ferragni become such a social media superstar and build her empire — amid this controversy? Amid the recent scandal, Ferragni's massive online presence continues to span social media.

Persons: Chiara Ferragni, Here's, —, Ferragni, Balocco, Louis Vuitton, Gucci, Federico Leonardo Lucia, Leone, Fedez, ferragnez, Lapresse, Eugenio Fusco, Alessandra Balocco Organizations: Service, Regina Margherita Hospital, Italian Competition Authority, Authority, Associated Press, Milan's Bocconi University, Financial Times, Teen Vogue, Forbes, Harvard Business School, Prada, AP Locations: Italian, Turin, Italy, Balocco, Milan, Venice, TikTok

☆ Tennessee Town Fought Mega Chick-Fil-a and Won
▼ + stars: | 2024-01-09 | by ( Nancy Luna | ) www.businessinsider.com time to read: +1 min

Chick-fil-A wanted to build a new, larger restaurant in a small town in Tennessee. But residents fought back, saying the "mega" restaurant would increase traffic. AdvertisementChick-fil-A had big plans to build a large-scale modern restaurant with an indoor playground and dual-drive-thru lanes in a small Tennessee town. But the fast-food juggernaut underestimated the tenacity of locals, who rallied against the proposed "mega" Chick-fil-A in Collierville, whose population is just over 50,000. The proposed restaurant, a relocation of an existing smaller Chick-fil-A, was billed by the company as the "latest greatest prototype Chick-fil-A has" in its system.

Persons: Chick, —, Alderman Organizations: City, Service, Collierville, Business Locations: Tennessee, Collierville

☆ NASA's $93 billion moon-landing program looks really bad right now
▼ + stars: | 2024-01-09 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

The first human moon landing in more than 50 years also got bumped, from 2025 to September 2026. CHANDAN KHANNA/Getty ImagesLaunched on Monday as part of NASA's commercial lunar program, Astrobotic Technology's Peregrine lander was supposed to serve as a scout for the astronauts. Related storiesNASA is relying heavily on private companies for its Artemis moon-landing program for astronauts, named after the mythological twin sister of Apollo. SpaceX's Starship mega rocket will be needed to get the first Artemis moonwalkers from lunar orbit down to the surface and back up. In a test flight of its new moon rocket in 2022, the space agency sent an empty Orion capsule into lunar orbit and returned it to Earth.

Persons: —, Bill Nelson, Peregrine Lunar Lander, CHANDAN KHANNA, Astrobotic, Peregrine, Artemis, Timothy Clary, Elon Musk's, Amit Kshatriya Organizations: NASA, Service, Artemis, United Launch Alliance, Houston, Getty, SpaceX Locations: Pittsburgh, Texas, of Mexico, AFP

☆ Record thunderstorm losses and deadly earthquakes cost $250 billion in damages in 2023, report says
▼ + stars: | 2024-01-09 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Destructive thunderstorms in North America and Europe and a series of devastating earthquakes last year cost the world around $250 billion in damages, according to a new report from the world's largest reinsurance company. In Europe, thunderstorm losses amounted to $10 billion, of which $8 billion was insured. It said such high thunderstorm losses were unprecedented for the U.S. and Europe. Munich Re said that while the economic and insured losses from 2023 may not appear extraordinary, it marks another year of "extremely high" damages even without any so-called mega-disasters in industrialized countries. In 2022, for example, Hurricane Ian was found to have resulted in overall economic losses of a whopping $100 billion and insured losses of $60 billion.

Persons: Hurricane Ian, Ernst Rauch, Rauch Organizations: Munich Re, U.S, CNBC, videoconference Locations: North America, Europe, Munich

☆ Why Netflix, Disney, and other Hollywood companies are flocking to CES this year
▼ + stars: | 2024-01-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Advertising and marketing pros made up 7% of CES' attendees in 2023, per CES. Look for topics like the creator economy and the rise of artificial intelligence to dominate the conversation for advertisers, Kassan added. And Roku, which is closing in on its search for a new ad sales head, is sending a large contingent. The cost advertisers pay for streaming ads is expected to decline as platforms release more inventory, particularly with Amazon unleashing ads on Prime Video. Advertisers also have more options with the fast-growing FASTs (free, ad-supported streaming TV channels), which primarily offer older TV shows and movies.

Persons: David Benioff, Weiss, Alexander Woo, Amy Reinhard, execs, It's, who'll, Patrick Pannett, Michael Kassan, Evan Spiegel, Kassan, — that's, Rita Ferro, NBCUniversal's Mark Marshall, NBCU's Peacock, NBCUniversal, Peacock, NBCU, Tanner Elton, Amy McDevitt, Ludacris, Jon Steinlauf, GroupM Organizations: Netflix, CES, Business, Consumer Technology Association, Madison Avenue, Walmart, Disney, Nexstar Media Group, Nvidia, Paramount, CTA, Tech, NBC, Bravo, Amazon Ads, Warner Bros, Magna, CTV, Hulu, Intelligence, Prime Video Locations: Las Vegas, Peacock

☆ Caterpillar had a stellar 2023. Here's why all signs point to another strong year
▼ + stars: | 2024-01-08 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Caterpillar outperformed a lackluster industrial sector and kept pace with last year's strong market. While falling modestly in the next two sessions, Caterpillar rose 23.4% in 2023. Club name Caterpillar was last year's ninth-best performer of the 30 stocks that make up the Dow Jones Industrials Average , which gained 13.7% in 2023. The onslaught on federal spending was a prime reason the Club first initiated a position in Caterpillar back in January 2023. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Dow Jones, it's, Jim Cramer, Jim Umpleby, Umpleby, Joe Biden's, Caterpillar's financials, Jim Cramer's, Jim, Drake Nickels, Smith Organizations: Caterpillar, Dow, CAT, Big Tech, Federal, Dealers, U.S, Joe Biden's Infrastructure Investment, Jobs, Law, Management, CNBC, CAL, Marine Corps, West, Marine Corps Base Locations: Camp Pendleton , California

☆ Jodie Foster's not the only one who thinks Gen Z workers are 'annoying.' They say they're misunderstood.
▼ + stars: | 2024-01-08 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +6 min

Read previewJodie Foster recently called Gen Z "annoying" in the workplace, causing a stir on social media. Gen Z has gained a bad reputation as workersSome X users came to the defense of Gen Z, saying their young colleagues are very productive. But many agreed with Foster's comments about the generation, arguing the Gen Z workers they know lack work ethic and discipline, yet expect a lot. Gen Z has long been depicted as lazy and ill-equipped to do their jobs. In referring to Gen Z as "annoying" in the workplace, Foster has aligned herself with the many critics of the generation in the workforce.

Persons: —, Jodie Foster, I'm, Gen Z, Zers, Z, Gen, Brielle, Stone, Gen Zers, they've, Zoe Wynns, Wynns, doesn't, Zer, Andra Berghoff, Foster Organizations: Service, Guardian, Business

☆ These were YouTube's 10 top rising stars last year — and the managers, publicists, and more supporting them
▼ + stars: | 2024-01-08 | by ( Amanda Perelli | Marta Biino | ) www.businessinsider.com time to read: +1 min

The short-form video wave on YouTube helped many creators skyrocket in views and subscribers this year. This story is available exclusively to Business Insider subscribers. Top creators ranking on YouTube's annual US "breakout creators" list this year included several who mainly post short videos, or Shorts, on the platform, and ranged in categories like gaming, skits, and comedy videos. Some creators who achieve this level of success quickly have benefited from hiring teams to help them with their businesses, brand strategy, and PR opportunities. Business Insider mapped out the teams that work with YouTube's breakout creators, from managers to agents to publicists.

Persons: skyrocket, Alexey Gerasimov, Hew Moran Organizations: YouTube, Business, Alpha

☆ Why Jo Koy's Golden Globes Monologue Is Being Ridiculed and Memed
▼ + stars: | 2024-01-08 | by ( Andrew Lloyd | ) www.businessinsider.com time to read: +4 min

Many X users hit back at Koy's remarks, dubbing his performance " awful " and " unfunny ," and suggesting he had bombed as this year's host. Later in the evening, Koy turned his attention to Taylor Swift and her relationship with Travis Kelce. Taylor Swift takes a sip of her drink after Jo Koy's joke about her at the #GoldenGlobes. At the Golden Globes, we have fewer camera shots of Taylor Swift." "Jo Koy escaping the #GoldenGlobes to avoid seeing Taylor Swift or anyone in that audience after the show," one X user wrote , alongside a GIF of a man jumping through a glass window.

Persons: —, Jo Koy, Koy, Oppenheimer, Greta Gerwig's, Barbie, Margot Robbie, Jo Koy’s, pic.twitter.com, Taylor Swift, Travis Kelce, Swift, Jo Koy's, Danny DeVito's, Koy's clangers, Selena Gomez, Gomez, Timothée Chalamet, Kylie Jenner Organizations: Service, Golden Globe, Business, NFL, Golden Globes Locations: Philadelphia

☆ A gay man was heartened after a woman hit on him in a parking lot. When their missed connection went mega-viral, TikTok helped them form a budding friendship.
▼ + stars: | 2024-01-05 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

Frazier told viewers he responded at the time that he was single but "very gay." On TikTok, Frazier said her compliment absolutely melted him, and he wanted to reconnect with her IRL. Mayberry told BI she learned of Frazier's video because she'd posted about the interaction to her Instagram Stories in November, right after the run-in. More than a month later, one of her followers who'd come across Frazier's video direct-messaged her, sensing they'd both been talking about the same incident. Mayberry told BI the connection was "revitalizing," and she hoped to show others the good that can come from putting yourself out there.

Persons: —, David Frazier, Frazier, Mayberry, he'd, gutsy, she'd, who'd, hanks, ove, ravel Organizations: Service, Business Locations: Portland, ife

☆ A proposed Chick-fil-A 'mega' restaurant in Tennessee is sparking backlash and fears of drive-thru traffic
▼ + stars: | 2024-01-05 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

A plan for a "mega" Chick-fil-A store in Tennessee is the latest project to encounter backlash from locals concerned about the fast-food chain's frequently crowded drive-thrus lines. In Collierville, Tennessee, Chick-fil-A has proposed replacing a 23-year-old 3,950-square-foot restaurant with a larger one to accommodate the growing consumer demand. Chain reps are billing the proposed 6,110-square-foot restaurant as the "latest greatest prototype Chick-fil-A has" in its system. Chick-fil-A said the bigger restaurant, proposed for an empty lot about a half-mile down the road, is expected to contain cars within two double drive-thru lanes that wrap the restaurant. It also has plans to build an elevated restaurant that has four drive-thru lanes that flow below the store.

Persons: —, Brent Edmiston, Woody Reid, Edmiston, Raymond Descheneaux, Chick, Jennifer Casey Organizations: Service, Business Locations: Tennessee, Collierville , Tennessee, Collierville, City, Poplar, Colliersville, North Carolina

☆ Japan takes earthquake safety seriously. Here's how its culture of preparedness keeps so many people alive.
▼ + stars: | 2024-01-05 | by ( Jenny Mcgrath | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +10 min

With its history of natural disasters, Japan is one of the countries best prepared for emergencies. Japan now has some of the strictest building codes of any country in the world, The New York Times reported after the 2011 earthquake. Japan installs resilient infrastructureMuch like its buildings, Japan has the experience and the money to fortify its infrastructure against earthquakes. During that 2011 disaster, rapid response teams were able to quickly repair roads to help move supplies and assistance to affected areas. According to the World Bank, historical knowledge may have helped save lives during Japan's 2011 tsunami.

Persons: —, Daniel Aldrich, Aldrich, he's, Kim Kyung, They're Organizations: Service, Reuters, World Bank, Northeastern University, Japan, New York Times, BBC News, Officials, Universal Studios Japan, Kyodo, REUTERS, Japan Meteorological Society, Japan Railways, Japan Times, Guardian, KYODO, Japan Meteorological Agency, NOAA Locations: Japan, Noto, Turkey, Syria, Haiti, Pakistan, Wajima, Tokyo, Mashiki, Kumamoto, Fukushima, Natori

☆ A celebrity hairstylist's kids became viral sensations when they toured their mega-luxury playhouse — even catching the attention of Paris Hilton
▼ + stars: | 2024-01-05 | by ( Andrew Lloyd | ) www.businessinsider.com time to read: +4 min

Reality TV star Christina Oliva Cinque shared a video of her twins in their two-storey luxury playhouse. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The video then cut to show Anthony, who said he would resume the tour as his sister had a "meltdown." Paris Hilton also made an appearance in the comment section, asking which company had made the playhouse. The second TikTok didn't go anywhere near as viral, receiving 140,000 views and 57 comments which seemed much more positive.

Persons: Christina Oliva Cinque, —, Simona, Brenda Lee, Anthony, they'd, Paris Hilton, Cinque, she's Organizations: Service, Paris, Lilliput, Business Locations: New York City, TikTok, Instagram

☆ These are the cheapest stocks with upside in the Dow Industrials to start 2024
▼ + stars: | 2024-01-04 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Here are the most appealing names right now in the 30-stock Dow average. Forward P/E also lower than its five-year average P/E. Consensus price target calls for at least 5% upside ahead. The consensus price target from Wall Street analysts suggests 17% potential upside in the next 12 months for Chevron. Other stocks on the list of cheap Dow stocks were Cisco Systems , Coca-Cola , Procter & Gamble , Walmart , McDonald's and Visa .

Persons: Dow Organizations: Dow, Nasdaq, Tech, CNBC, Stock, Wall Street, Chevron, Nike, Cisco Systems, Procter, Gamble, Walmart, McDonald's, Visa

☆ Indonesians head to the polls in February. Here are key issues dominating the elections
▼ + stars: | 2024-01-04 | by ( Randy Mulyanto | ) www.cnbc.com time to read: +6 min

Indonesia is preparing to hold general elections for president and vice president for the 2024-2029 period in February 2024. The world's third-largest democracy will open its polls to over 204 million eligible voters casting their ballots, according to its General Elections Commission. While having greater opposition representation in Indonesia's parliament could raise the bar for passing such laws, Titi said there's still a very high barrier to entry for the candidacy process. According to Freedom House's Freedom in the World 2023 report, Indonesia ranked "partly free," scoring 58 out of 100. But for some Indonesians, the cozier relationship has also sparked debt-trap fears and concerns about an influx of Chinese workers.

Persons: Anies Baswedan, Prabowo Subianto, Ganjar, Aditya Irawan, Joko, Widodo, Gibran Rakabuming Raka, Muhaimin Iskandar, Ganjar Pranowo, Prabowo, Gibran, Anies, Titi Anggraini, Titi, there's, Indonesia's, Singapore's ISEAS — Yusof, Lina Alexandra Organizations: Nurphoto, Getty, JAKARTA —, Commission, Solo, National Awakening Party, Central Java, Politik, Nusantara, Association for Elections, Democracy, CNBC, Constitutional, House's, Institute, Indonesia's, of Economic, Law Studies, Initiative, Strategic, International Studies, Hamas, Lowy Institute Locations: Jakarta, Indonesia, JAKARTA, JAKARTA — Indonesia, Central, Politik Indonesia, Nusantara, Borneo, China, Beijing, Southeast Asia, Southeast, Israel, Australian

☆ Hedge fund investor Dan Niles unveils his top picks for 2024, including Amazon and Meta
▼ + stars: | 2024-01-02 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Widely followed investor Dan Niles on Tuesday revealed his top stock picks for 2024, including one of 2023's top performers. The founder and senior portfolio manager of the Satori Fund selected two names from the so-called Magnificent Seven mega-cap tech stocks as his favored shares for the new year — Amazon and Meta Platforms . META 1Y mountain Meta shares 1-year chart ETFs The hedge fund investor is also bullish on SPDR S & P Biotech ETF (XBI), which tracks more than 120 biotech companies. The investor said the top holdings in KWEB — Baidu , Alibaba and Tencent — are so much cheaper than mega-cap names in the Magnificent Seven. "You can buy them at 13 times P/E off 24 numbers for comparison, The Magnificent Seven, you're paying 34 times," he said.

Persons: Dan Niles, Satori, Niles, Apple, they're, we've Organizations: Satori Fund, Apple, Barclays, CNBC, Meta, P Biotech, KraneShares CSI China Internet, Baidu

Here are 6 signals investment bankers are watching as they pray for an M&A rebound in 2024. By contrast, activity from private equity firms "was off almost 40%," he said. In 2021, private equity firms transacted $1.5 trillion across 2,869 deals, according to Dealogic. Last year, private equity M&A made up 40% of total activity, according to Goldman Sachs. AI companies, many of which are only now being formed, need to mature, and the winners and losers need to come into focus, bankers said.

Persons: Wall, LSEG, Goldman Sachs, Vito Sperduto, Sperduto, we've, Stephan Feldgoise, Hess, Anthony J, Carfang, Cash, Goldman, Goldman's Feldgoise, Feldgoise, Mark Sorrell, I'm, Harold M, Lambert, Jerome Powell, Greg McBride, McBride, Jonathan Gray, dealmaking, Gray, Rob Chisholm, Chisholm Organizations: Fed, London Stock Exchange, Business, RBC Capital Markets, Conference Board, Conference, Federal, Goldman, Federal Reserve, Private, Bankers, DOJ, FTC, Federal Reserve Board, Bankrate, of Labor Statistics, Cisco, LSEG, Qatalyst Partners, Citi, & $ Locations: LSEG, Ukraine

☆ Stocks end 2023 with a 4th-quarter rally and many soft landing converts. Breaking down the '24 outlook
▼ + stars: | 2023-12-30 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

.SPX YTD mountain S & P 500, YTD As for the "too far, too fast" argument, it's worth recalling that all the S & P 500 has done is nearly complete an almost-symmetrical two-year round trip. Ned Davis Research U.S. strategist Ed Clissold looked back at prior times the S & P 500 has gone more than a year without making a record high. This is always a tricky proposition – cash that leaves money markets to buy stocks leaves the seller of the stocks with cash. For one thing, $6 trillion is only about 12% of total U.S. equity market cap, near the lower end of its historical range. At the 2009 market low money markets were 50% of equity market cap.

Persons: —, we've, Jason Goepfert, Jeff deGraaf, Ned Davis, Ed Clissold, Jerome Powell, it's, Cash Organizations: Federal Reserve, Fed, Timely, National Association of Active Investment, Ned Davis Research, Investment, of

☆ The ETF flowdown: 2023 is back on pace to be a solid year
▼ + stars: | 2023-12-15 | by ( Kirsten Chang | ) www.cnbc.com time to read: +4 min

watch nowDespite a sluggish start to the year, a record number of product launches and a red-hot November have put 2023 back on pace to be a solid year for ETFs. Roughly $1 trillion has gone into money market funds this year, but some are questioning whether the solid year-end stock rally will attract some of those flows back into equities. "You saw that enormous cash pileup going into money markets, and ETF flows were muted. "We talked about the money market funds," he said. He pointed to strong inflows into high-yield ETFs such as the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and SPDR Bloomberg High Yield Bond ETF (JNK) and SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) — along with dividend ETFs such as the Pacer U.S. Cash Cows 100 ETF (COWZ).

Persons: Ben Slavin, BNY Mellon, CNBC's, Andrew McOrmond, McOrmond, it'll, SPDR, Slavin Organizations: BNY, WallachBeth, SPDR Bloomberg, Pacer, Cash, Tech, RSP Locations: outflows

☆ Netflix's big bet on Korean shows makes so much sense now that we've seen the numbers
▼ + stars: | 2023-12-13 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +4 min

Netflix released a first-of-its-kind report showing viewership hours for titles in the first half of 2023. It shows why Netflix is planning on investing billions into Korean content in the coming years. Among the thousands of titles, Korean entertainment was a major standout. Korean actors want better compensation — namely, residuals on par with United States actors under SAG-AFTRA, per the LA Times. But the numbers also underscore local workers' labor concerns — and what Netflix could stand to lose without them.

Persons: —, Insider's Nathan McAlone, Cha, Queen Organizations: Netflix, Service, Los Angeles Times, United, SAG, LA Times, South Locations: United States, South Korea

☆ Here are 7 portfolio stocks that can benefit from bigger tech budgets in the age of AI
▼ + stars: | 2023-12-12 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

In aggregate, the survey results point to a 60 to 70 basis point acceleration for IT spending growth in each of the next three years, with cloud spending growth much stronger at 150 to 300 basis points. Cloud and AI A rebound in cloud growth is expected thanks in large part the renewed focus and need to invest in artificial intelligence. In fact, 73% of the CIO respondents said they are "implementing now, plan to implement, or are testing generative AI." 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: Piper Sandler's, Piper, OpenAI, Einstein, Jim Cramer, Jim Cramer's, Jim, Chino Organizations: Microsoft, Web Services, Google, IBM, Oracle, Nvidia, Piper, Broadcom, Marvell Technology, VMWare, Cybersecurity, Palo Alto Networks, Broadcom —, CNBC Locations: Silicon Valley, America

☆ Citi sees a big year for stocks in 2024 with S&P 500 finishing at 5,100
▼ + stars: | 2023-12-11 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

This year's broader market rally isn't over just yet, according to Citi. "We look for further S & P 500 upside in the year ahead. Citi set a year-end target of 5,100 for the S & P 500, dependent on a $245 earnings per share estimate for the index. The S & P 500 , meanwhile, is up nearly 20% in 2023. "Our top-down sector earnings modeling continues to argue for more consistent sector level growth during 2024.

Persons: Scott Chronert, Chronert, Russell, Cyclicals Organizations: Citi, Apple, Nvidia, Microsoft, Bloomberg, Federal Reserve Locations: U.S

☆ Why Honeywell's big acquisition could bolster its stock
▼ + stars: | 2023-12-08 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Honeywell International is putting cash to work with a big acquisition in the security space. The all-cash deal is Honeywell's largest acquisition in eight years, and one that should bolster its struggling building technologies division . By acquiring Carrier's Global Access Solutions unit — which manufactures products like electronic locks, video monitoring apps and fire alarms — Honeywell is setting itself up to benefit from growing demand for safety and access solutions. "You will never see a roll back in safety and security," Jim said during an interview with Honeywell CEO Vimal Kapur on Friday. A host of new data centers, drug manufacturing plants and semiconductor fabrication plants will require digital access solutions and robust security options.

Persons: Jim Cramer, Jim, Vimal Kapur, Kapur, Jim Friday, management's, Jefferies, Jim Cramer's, Michael Nagle Organizations: Honeywell, Carrier, Technologies, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: U.S, New York

☆ Cramer examines Tuesday's market 'mistakes,' points out underappreciated stocks
▼ + stars: | 2023-12-05 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday said he thinks Wall Street has made some poor decisions when evaluating mega cap stocks. "Look, on any given day, we're giving, getting these imperfections, these mistakes, these juvenile, uninformed moves," he said. Cramer pointed to tech giant Apple , which he said opened down on Tuesday due to a market-wide decline. But its stock changed course after the company announced its recently approved weight loss treatment Zepound is now available at pharmacies. These "mistakes" can bode well for investors who might want to buy shares of high quality stocks at lower prices.

Persons: CNBC's Jim Cramer, Cramer, Hai, Eli Lilly, Eli Lilly's, bode Organizations: Apple, Foxconn

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