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☆ Cloudflare raises full-year forecasts as tech spending bounces back
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

Aug 3 (Reuters) - Software firm Cloudflare (NET.N) raised its annual revenue and profit forecasts after delivering better-than-expected results for the second quarter on Thursday, sending its shares up nearly 6% in extended trading. Cloudflare now sees 2023 revenue in the range $1.283 billion to $1.287 billion, compared with its earlier forecast of $1.280 billion to $1.284 billion. It also raised its adjusted per-share profit forecast by more than 2 cents. San Francisco, California-based Cloudflare sells tools and software, grouped as content delivery network (CDN) services, that help companies manage their applications on the internet. The company forecast third-quarter revenue of between $330 million and $331 million, while analysts expect $329.4 million.

Persons: Cloudflare, Refinitiv, Yuvraj Malik, Pooja Desai Organizations: Companies, Thomson Locations: San Francisco , California, Bengaluru

☆ On tap this week: Jobs report plus 10 key earnings. Here's what we want to see
▼ + stars: | 2023-07-29 | by ( Zev Fima | ) www.cnbc.com time to read: +18 min

All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. Looking to next week, earnings season enters its second half with the last of our mega-caps — Apple (AAPL) and Amazon (AMZN) — set to report on Thursday. We'll get a better read on the employment picture on Wednesday with the ADP report and then, more importantly, on Friday's nonfarm payrolls report for July. Thursday after the close brings us to the main events of the week: Earnings from Apple and Amazon. For those looking to review first quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.

Persons: We'll, that's, Stanley Black, Decker, Emerson, Bausch, Leggett, Platt, SIRI, Ares, COLM, PERI, Kraft Heinz, Phillips, Ferrari N.V, Johnson, Robinson, COOK, BUD, Kellogg, Papa, Pitney Bowes, Parker, Trimble, Ziff Davis, Nonfarm, Jim Cramer's, Jim Cramer, Jim, Apple Tim Cook, Kevin Dietsch Organizations: Nasdaq, Dow, Federal Reserve, Federal, ISM Manufacturing, Services PMI, Investors, Caterpillar, Devices, Starbucks, Natural Resources, AMD, Management, Emerson Electric and, Humana, Bausch Health, Apple, Microsoft, Resource Partners, AerCap Holdings, CNA Financial Corp, CNA, Apellis Pharmaceuticals, Bank, SJW, Hutchison China MediTech, Camtek Ltd, Silvercrest Asset Management, Loews Corp, Oxford Lane Capital Corp, Banco Santander, Silicom Ltd, SuperCom Ltd, Arista Networks, Avis Budget Group, Diamondback Energy, Lattice Semiconductor Corp, Republic Services, Yum China Holdings, Western Digital Corp, Power Systems, Tenet Healthcare Corp, Vornado Realty, BioMarin Pharmaceutical, PetMed, SBA Communications Corporation, Brixmor, Snack Foods Corp, Cushman & Wakefield, Sanmina Corporation, TFI, PMI, Cruise Line Holdings Ltd, Uber Technologies, Pfizer, Enterprise Products Partners, Merck, JetBlue Airways Corporation, Allegro MicroSystems, Altria, SunPower Corp, SiriusXM Holdings, Molson Coors Beverage, Marriott International, Toyota Motor Corp, BP, SYSCO Corp, Marathon Petroleum Corp, Ares Management, Equitrans Midstream Corporation, Game Technology, Illinois Tool, IDEXX Laboratories, Rockwell Automation, Packaging International Corp, Gartner, Zebra Technologies Corp, IQVIA Holdings, Oshkosh Corporation, Leidos Holdings, Eaton Corp, yte Corp, Lear Corp, Starbucks Corp, Devon Energy Corp, SolarEdge Technologies, Lumen Technologies, Virgin Galactic Holdings, Caesars Entertainment, VF Corp, Sciences Corp, Paycom, Vertex Pharmaceuticals, Suncor Energy, Holdings, Chesapeake Energy Corp, Boston Properties, American International Group, AIG, Allstate Corp, Aspen Technology, Electronic Arts, EA, Flowserve Corporation, Denny's, Corp, Prudential Financial, Store, Ternium S.A, Vimeo, Emerson, Lomb, CVS Health, Generac Holdings, Cameco Corp, Perion Network Ltd, Builders, Carlyle Group, Scorpio, Teva Pharmaceutical Industries, Ltd, Rithm Capital Corp, AeroSystems Holdings, Vertiv Holdings Co, Johnson Controls, CDW Corp, DuPont, Brands Holdings, Scotts Miracle, Gro, SMG, Brands, Allegheny Technologies, AmerisourceBergen Corporation, ABC, Real Estate Corporation, Adient plc, Editas, Garmin Ltd, WWE, Bunge Ltd, Criteo S.A, PayPal, QUALCOMM, Occidental Petroleum Corp, Apache Corp, Albemarle Corp, MGM Resorts International, MGM, Marathon Oil Corp, Joby Aviation, Industrial, CF Industries Holdings, Goodyear Tire &, Realty ome Corp, Metlife, Pacific Biosciences of, Rush Street Interactive, Zillow, JFrog Ltd, Herbalife Nutrition Ltd, Simon Property Group, McKesson Corp, Storage, Cerus Corporation, GXO Logistics, MAX Holdings, Health, Anheuser, Busch InBev, Warner Bros ., Cheniere Energy, ConocoPhillips, Hasbro, CIGNA Corp, Lantheus Holdings, Regeneron Pharmaceuticals, Fiverr International, Air Products & Chemicals, TopBuild Corp, EPAM Systems, Lightspeed Commerce, Aurinia Pharmaceuticals, Cummins, CMI, Slair Corporation, Starwood Property Trust, Vulcan, Alnylam Pharmaceuticals, New Energy Corp, Cedar Fair Entertainment, Intellia Therapeutics, Lending, Privia Health, Dickinson, Chimera Investment, CIM, Hyatt Hotels Corp, Lion Electric, LEV, Deluxe Corp, Murphy Oil Corp, PBF Energy, Papa John's, Targa Resources Corp, Wix.com Ltd, Apollo Global Management, LLC, Butterfly, Sempra Energy, Aptiv PLC, Brookfield Infrastructure Partners, Canada Goose Holdings, Hannifin Corporation, WESCO International, WCC, Arrow Electronics, Constellation Energy Group, Midstream Partners, Coinbase, Petroleo Brasileiro SA Petrobras, Gilead Sciences, Opendoor Technologies, Booking Holdings, Atlassian Corporation, International, Redfin Corporation, Motorola Solutions, Monster Beverage Corporation, Consolidated Edison, Rocket Companies, Apple Hospitality, Cirrus, Resources, Universal Display Corporation, Chesapeake Utilities Corp, Social, Defense, Security Solutions, Post Holdings, Tandem Diabetes Care, Nikola Corporation, Magna International, Dominion Energy, ACM Research, Frontier Communications, Brookfield Renewable Partners, inTEST Corporation, American Pipeline, TELUS International, XPO Logistics, Fluor Corp, Gray Television, Cboe, LyondellBasell Industries, Twist Bioscience, Global, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley, Getty Locations: U.S, China, India, Oxford, Chile, Illinois, Columbia, Pacific, Pacific Biosciences of California, Southern, PBI, Gilead, Sun Valley , Idaho

☆ Why Threads will never be the new Twitter
▼ + stars: | 2023-07-23 | by ( Paris Marx | ) www.businessinsider.com time to read: +12 min

While Twitter became popular as a place to stay informed and get access to critical information, Meta wants Threads to be a hangout space for lifestyle brands and influencers. Enter: ThreadsIn a Threads post, Mosseri said that the company's goal "isn't to replace Twitter" but "to create a public square for communities on Instagram that never really embraced Twitter and for communities on Twitter (and other platforms) that are interested in a less angry place for conversations." In other words, Threads isn't targeting the entire Twitter user base, just a segment of it. On some level, Threads' aversion to Twitter's free-flowing conversation makes sense — discourse on Twitter can get pretty toxic. In its bid for a cash-cow app, Threads is foregoing everything that made Twitter special — no political debate, no train updates, no crowdsourcing breaking news.

Persons: Mark Zuckerberg's, Adam Mosseri, Meta isn't, Donald Trump, —, Mosseri, Meta, Musk, it's, Jennifer S, that's, Paris Marx Organizations: Meta, Elon, Twitter, Facebook, Google, Transportation Locations: Australia, Canada, California, Paris

☆ Why Zuckerberg's Threads App Will Never Be the New Twitter
▼ + stars: | 2023-07-23 | by ( Paris Marx | ) www.businessinsider.com time to read: +12 min

Threads, the newest social-media app from Meta, rocketed past 100 million users less than a week after it went live. The app has since been hailed as the Twitter replacement people have been clamoring for since Elon Musk's takeover — and bungling — of the platform. That's because Meta isn't trying to fill the shoes of its competitor. In other words, Threads isn't targeting the entire Twitter user base, just a segment of it. In its bid for a cash-cow app, Threads is foregoing everything that made Twitter special — no political debate, no train updates, no crowdsourcing breaking news.

☆ Cramer: The Cassandras are wrong about the market (again) — here's why I'm upbeat
▼ + stars: | 2023-07-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

The impossibility of any company doing anything right, or as right as the market seems to judge, serves as the only homily worth offering. You simply don't land at all. Of course, the biggest worry to this market is its two-tiered nature: The mega-cap techs versus all the rest. 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: Warren Buffett, It's, Jerome Powell's, Alan Greenspan, Ben Bernanke, Powell, deride Powell, —, it's, Wells, Vin Diesel, he'll, Goldman Sachs, Amy Hood, Tim Cook's, Mark Zuckerberg's pickleball, Clive Cussler, Stephen King, Lina Khan's, Jonathan Kanter, Khan, Morgan, let's, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Apple, Wells, JPMorgan, PepsiCo, Treasury, Bank of America, Microsoft, Activision Blizzard, Nvidia, Intel, Devices, Colgate, Federal Trade, Activision, Justice Department, sycophantic, Fed, Jim Cramer's Charitable, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: People's Republic of China, China, Wells Fargo, America, New York

☆ What Meta's Threads app means for Twitter, social media and Meta's own profits
▼ + stars: | 2023-07-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Meta Platforms made headlines last week with the launch of Threads , a text-based social media app challenging Twitter and pitting two heavyweight technology leaders against one another. "It's a land grab right now, right now, it's PR," said Paul Meeks, portfolio manager at Independent Solutions Wealth Management. Evercore ISI's Mark Mahaney wrote in a recent note that Threads "poses very little downside" risk to Meta's business, offering "upside optionality" for revenues and profits. Headwinds to Twitter Morfe broadly, Threads may rattle the social media industry and, over the long haul, snatch up some competitor's cherished advertisers. To be sure, Elevation Partners co-founder Roger McNamee said Meta and Threads face a long, uphill climb.

Persons: Mark Zuckerberg, Meta, Meta hasn't, Adam Mosseri, it's, Paul Meeks, Meeks, Evercore, Mark Mahaney, Gene Munster, Mark Douglas, MNTN, CNBC's, Matthew Prince, Musk's, Alex Spiro, Roger McNamee Organizations: European Union, Twitter, PR, Independent Solutions Wealth Management, Meta, Facebook, Elon, Partners

☆ Cloudflare, Palo Alto Networks and Zscaler tumble as Microsoft expands in cybersecurity
▼ + stars: | 2023-07-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Cloudflare , Palo Alto Networks and Zscaler shares all fell Wednesday after analysts noted Microsoft's entry into a part of the cybersecurity market where those three smaller companies already compete. Shares of Zscaler and Palo Alto both slid as much as 7.4%, while Cloudflare shares fell as much as 6.5%. Analysts emphasized that the new Microsoft Entra Internet Access and Microsoft Entra Private Access products are in the preview stage, with no pricing details available. The Microsoft Entra Private Access service offers an alternative to long-standing virtual private networks, or VPNs, which let employees access internal programs while working remotely. Microsoft Entra Internet Access can help security administrators control employees' connections to cloud apps, including Microsoft 365 applications such as Teams.

Persons: Satya Nadella, Joy Chik, Morgan Stanley, Hamza Fodderwala Organizations: Palo Alto Networks, Palo Alto, Analysts, Microsoft, Management, Microsoft Defender, Cloud Apps, Jefferies, UBS Locations: Palo, Palo Alto

☆ Twitter CEO says platform had its 'largest usage day' in 5 months amid reports users are flocking to Threads
▼ + stars: | 2023-07-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Twitter CEO Linda Yaccarino said the platform had its "largest usage day" in five months. The Twitter higher-ups appear to be concerned by the rapid popularity of Threads. Twitter CEO Linda Yaccarino said Monday that last week saw the platform's "largest usage day" since February. That appeared to be a taunt aimed at Threads, the Twitter competitor app released by Meta last Wednesday which is estimated to already have reached 100 million users. This week, Musk tweeted "Zuck is a cuck" and proposed a "literal dick measuring contest."

Persons: Linda Yaccarino, Cloudflare, Elon Musk, Insider's Nathan McAlone, Mark Zuckerberg, Musk, Zuckerberg, Twitter Organizations: Twitter, Meta, CNBC, iOS Locations: Similarweb

July 10 (Reuters) - Meta Platforms' (META.O) Twitter rival Threads crossed 100 million sign-ups within five days of launch, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest-growing online platform to hit the milestone. The app's sprint to 100 million users was much speedier than that of OpenAI-owned ChatGPT, which became the fastest-growing consumer application in history in January about two months after its launch, according to a UBS study. Mastodon has about 7.7 million total users, although fewer than 2 million of them actively use the service, according to daily user counts it provides. [1/2]Meta Threads app logo is seen in this illustration taken, July 6, 2023. Currently, there are no ads on the Threads app and Zuckerberg said the company would only think about monetization once there was a clear path to 1 billion users.

Persons: Mark Zuckerberg, dethroning ChatGPT, Zuckerberg, Matthew Prince, Dado Ruvic, Jack Dorsey, Musk, Adam Mosseri, Meta, Katie Paul, Akash Sriram, Zaheer Kachwala, Sriraj Kalluvila, Rashmi Aich, Nick Zieminski Organizations: Elon Musk, UBS, Twitter, REUTERS, Meta, Thomson Locations: New York, Bengaluru

☆ This chart should worry Elon Musk
▼ + stars: | 2023-07-10 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Twitter's traffic rank has been declining since January, according to a graph by Cloudflare's CEO. Elon Musk's takeover of the social media app has led to whiplash for users experiencing its changes. Meta's new competing Threads app reached 100 million users within days of launching. Predictions about Twitter's waning appeal have been a recurring theme of discourse around the app since Elon Musk took over last fall. Now, not only has Twitter threatened legal action against Meta over Threads, Musk has also tweeted the idea of a "literal dick measuring contest" against Zuckerberg.

Persons: Elon, whiplash, Elon Musk, Cloudflare's, Matthew Prince –, –, Prince, Twitter, Cloudflare, David Belson, Mark Zuckerberg, Zuckerberg, Musk Organizations: Elon Musk's, Elon, Twitter Locations: .

☆ Twitter traffic is 'tanking' as Meta's Threads hits 100 million users
▼ + stars: | 2023-07-10 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

In this photo illustration, the Threads logo by META is displayed on a smartphone with Twitter logo in the background. User traffic on Twitter has slowed since the launch of Meta 's text-based platform Threads, which has already surpassed 100 million sign-ups since its debut last week. "Threads reached 100 million sign ups over the weekend. The company said Twitter's web traffic is down 11% compared with the same days in 2022. Threads reached the 100 million milestone even faster than OpenAI's generative chatbot ChatGPT, which surpassed 100 million monthly users in two months.

Persons: Adam Mosseri, Mark Zuckerberg, Twitter, Matthew Prince, Similarweb, Mosseri, Elon Musk, Alex Spiro, Zuckerberg Organizations: Meta, Twitter Locations: U.S, Europe

[1/2] Meta Threads app logo is seen in this illustration taken, July 6, 2023. REUTERS/Dado Ruvic/IllustrationJuly 10 (Reuters) - Meta Platforms' (META.O) Twitter rival Threads crossed 100 million sign-ups within five days of launch, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest-growing online platform to hit the milestone. "That's mostly organic demand, and we haven't even turned on many promotions yet," Zuckerberg said in a Threads post announcing the milestone. The app's sprint to 100 million users was much speedier than that of OpenAI-owned ChatGPT, which became the fastest-growing consumer application in history in January about two months after its launch, according to a UBS study. Currently, there are no ads on the Threads app and Zuckerberg said the company would only think about monetization once there was a clear path to 1 billion users.

Persons: Dado Ruvic, Mark Zuckerberg, dethroning ChatGPT, Zuckerberg, Matthew Prince, Musk, Adam Mosseri, Meta, Katie Paul, Akash Sriram, Zaheer Kachwala, Sriraj Kalluvila, Rashmi Aich, Nick Zieminski Organizations: REUTERS, Elon Musk, UBS, Twitter, Meta, Thomson Locations: New York, Bengaluru

☆ Twitter’s future is in doubt as Threads tops 100 million users
▼ + stars: | 2023-07-10 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

The results underscore the risk Meta poses to Twitter’s business and raise questions about how, or if, Twitter can stem its losses. Twitter traffic had already been trending downward for months, according to data from the internet infrastructure company Cloudflare and the web analytics firm Similarweb. “Twitter traffic tanking,” Prince said as he posted the chart. A Twitter rival but not quite a Twitter replacementFueling Threads’ rapid growth has been Meta’s use of Instagram as a springboard to sign up new users, along with what many Threads users have identified as a dissatisfaction with Twitter. But after a Threads user pointed out that the new app was not featured in Twitter’s trending topics tab, Zuckerberg replied “Concerning” with a crying-laughter emoji.

Persons: Mark Zuckerberg, Elon Musk, Zuckerberg, Twitter didn’t, Cloudflare, Matthew Prince, ” Prince, Similarweb, ”, David Carr, We’ve, Alex Stamos, —, Stamos, ” Stamos, Kim Kardashian, Jeff Bezos, Axios, Adam Mosseri, Mosseri, Musk Organizations: Washington CNN, Twitter, Meta, Elon, CNN, “, Stanford Internet Observatory, Facebook

Their tormentors have also called in false bomb threats to venues using their names in three states. To combat the growing problem, the FBI has begun taking formal measures to get a comprehensive picture of the problem on a national level. Chief Scott Schubert with the bureau's Criminal Justice Information Services headquarters in Clarksburg, West Virginia, told NBC News that the agency formed a national online database in May to facilitate information sharing between hundreds of police departments and law enforcement agencies across the country pertaining to swatting incidents. No central agency has tracked swatting incidents or suspects in the U.S., so official statistics are not available. The couple was mostly recently swatted at their home on Tuesday, bringing the total of swatting incidents to 43.

Persons: Patrick Tomlinson, Niki Robinson, hasn't, Scott Schubert, Schubert, Lauren R, Shapiro, Mark Herring, Niki Robinson.NBC, —, Andrew Finch —, Finch, Swatting, he'd, Norm Macdonald, Tomlinson, It's, impersonators, Swatters, Patti Labelle, Robinson Organizations: Las Vegas, Tribune, Service, Getty, Clemson, Harvard, Cornell, Rutgers, Middlebury College, swatters, FBI, bureau's, Information Services, NBC News, NBC, Google, John Jay College of Criminal, Defamation League, Twitter, Daily, YouTube, Police, Irish, Milwaukee Brewers, Riverside Theater Locations: Milwaukee, U.S, Clemson , Florida, Boston, Pittsburgh, Oklahoma, Clarksburg , West Virginia, Texas, China, Taiwan, Tennessee, Wichita, Wisconsin, Marquette

The Google parent has advised employees not to enter its confidential materials into AI chatbots, the people said and the company confirmed, citing long-standing policy on safeguarding information. Alphabet also alerted its engineers to avoid direct use of computer code that chatbots can generate, some of the people said. A growing number of businesses around the world have set up guardrails on AI chatbots, among them Samsung (005930.KS), Amazon.com (AMZN.O) and Deutsche Bank (DBKGn.DE), the companies told Reuters. By February, Google told staff testing Bard before its launch not to give it internal information, Insider reported. A Google privacy notice updated on June 1 also states: "Don’t include confidential or sensitive information in your Bard conversations."

Persons: Bard, ChatGPT, OpenAI, Harry Potter, Yusuf Mehdi, Mehdi, Bing, Matthew Prince, Jeffrey Dastin, Anna Tong, Kenneth Li, Nick Zieminski Organizations: FRANCISCO, Reuters, Google, ChatGPT, Microsoft Corp, Samsung, Deutsche Bank, Apple, Data Protection, Politico, EU, cyberattacks, Microsoft, Thomson Locations: Bard, San Francisco

☆ Microsoft is sprinkling OpenAI everywhere to try and keep software makers interested in its platforms
▼ + stars: | 2023-05-25 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

In this article MSFT Follow your favorite stocks CREATE FREE ACCOUNTMicrosoft Chairman and CEO Satya Nadella speaks to attendees at Microsoft's Build conference in Seattle on May 23, 2023. "Every layer of the software stack is going to be changed forever and no better place to start than the actual developer stack," Microsoft CEO Satya Nadella said during his Build keynote address on Tuesday. It's crucial for third-party developers to enrich Microsoft's own software properties, such as the Microsoft 365 productivity software bundle. Greg Brockman, OpenAI president and co-founder, and Kevin Scott, Microsoft chief technology officer, speak onstage at Microsoft's Build conference in Seattle on May 23, 2023. WATCH: Microsoft Build 2023 unveils plugins and products that incorporate A.I.

☆ Cramer's Lightning Round: Stay away from Gilead Sciences
▼ + stars: | 2023-05-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon RB Global's year-to-date stock performance. Stock Chart Icon Stock chart icon Cloudflare's year-to-date stock performance. Stock Chart Icon Stock chart icon Mosaic's year-to-date stock performance. Stock Chart Icon Stock chart icon Gilead Sciences' year-to-date stock performance. Stock Chart Icon Stock chart icon Lendingtree's year-to-date stock performance.

Persons: Ritchie, Matthew Organizations: Global, of Hawaii's, Gilead Sciences

☆ Cloudflare CEO Matthew Prince: Congress should watch A.I. carefully but move slowly on regulation
▼ + stars: | 2023-05-16 | 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 EmailCloudflare CEO Matthew Prince: Congress should watch A.I. carefully but move slowly on regulationCloudflare CEO Matthew Prince joins 'Closing Bell Overtime' to discuss the future of A.I. tools, A.I. data security, government regulation on the tech, and more.

☆ Here are 4 stocks Jim Cramer thought about buying for the Club and the reasons why
▼ + stars: | 2023-05-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

PANW YTD mountain Palo Alto Networks YTD Palo Alto Networks (PANW) shares fell more than 4% at one point Monday afternoon to a session low of $190.67, and we can't find any reason for the decline. The selling might be nothing more than some short-term profit-taking after Palo Alto rallied over 8% in last week's struggling market. HON YTD mountain Honeywell YTD Here's one more name we thought about buying: Honeywell (HON). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.

PANW YTD mountain Palo Alto Networks YTD About half of the funds raised from this Lilly sale will go into building up our position in Palo Alto Networks . But here is our problem with reading too much into the conference calls of Tenable and Cloudfare and extrapolating that to Palo Alto. While it is highly likely that deal uncertainty increased out of the regional banking crisis, Palo Alto Networks is in a special class within the industry because it is taking share from the little guys. As a market leader in thirteen categories within security, Palo Alto is a winner from what is happening in the market. And with a management team committed to profitable growth and accelerating leverage in the business, we think Palo Alto Networks will continue to surprise to the upside.

But the benchmark S&P 500 (.SPX) advanced for the week as well as the day and registered a second consecutive monthly gain. For the month the S&P rose 1.5% while the Dow added 2.5% and the Nasdaq was barely higher. For the week the S&P rose 0.9% in line with the Dow's weekly gain and the Nasdaq rose 1.3%. While the S&P 500 bank index closed up 1.1%, shares in First Republic tumbled in the regular session and after the close. The S&P 500 posted 25 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 66 new highs and 136 new lows.

Chipmaker Intel Corp (INTC.O) gained 4.7% after it said gross margins will improve in the second half of the year. Analysts now expect first-quarter earnings for S&P 500 companies to fall 1.9% from a year ago compared with a 5.1% fall expected at the start of April, according to Refinitiv data. The KBW Regional Banking index (.KRX) and the S&P 500 bank index (.SPXBK) gained over 1% each. Advancing issues outnumbered declining ones on the NYSE by a 2.90-to-1 ratio; on Nasdaq, a 2.07-to-1 ratio favored advancers. The S&P 500 posted 24 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 53 new highs and 107 new lows.

Chipmaker Intel Corp (INTC.O) gained 4.6% after it said gross margins will improve in the second half of the year. The benchmark S&P 500 (.SPX) was set for a second consecutive monthly gain on better-than-expected earnings from megacap companies including Alphabet Inc (GOOGL.O), Microsoft Corp (MSFT.O) and Meta Platforms Inc (META.O). Analysts expect first-quarter earnings for S&P 500 companies to now fall 1.9% year-over-year compared with a 5.1% fall expected at the start of April, according to latest Refinitiv data. The KBW Regional Banking index and the S&P 500 bank index (.SPXBK) gained over 1% each. The S&P index recorded 21 new 52-week highs and two new lows, while the Nasdaq recorded 42 new highs and 97 new lows.

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 10, 2023. Chipmaker Intel Corp (INTC.O) gained 6.1% after it said gross margins will improve in the second half of the year. Amazon.com Inc (AMZN.O) fell 3.5% as the company signaled its cloud growth would slow further, overshadowing its better-than-expected quarterly results. Analysts expect first-quarter earnings for S&P 500 companies to fall 2.4% year-over-year compared with a 5.1% fall expected at the start of April. Advancing issues outnumbered decliners by a 3.01-to-1 ratio on the NYSE and a 2.01-to-1 ratio on the Nasdaq.

The main U.S. indexes ended up sharply on Thursday, with the benchmark S&P 500 (.SPX) logging its biggest one-day percentage gain since early January. Analysts expect first-quarter earnings for S&P 500 companies to fall 2.4% year-over-year compared with a forecast for a 5.1% fall at the start of April. ET, Dow e-minis were down 115 points, or 0.34%, S&P 500 e-minis were down 10 points, or 0.24%, and Nasdaq 100 e-minis were down 14.75 points, or 0.11%. Chipmaker Intel Corp (INTC.O) gained 6.5% after it said gross margins will improve in the second half of the year. Colgate-Palmolive Co (CL.N) inched up 0.7% after the toothpaste maker lifted its annual organic sales forecast betting on consistent price hikes.

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