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☆ MongoDB shares surge on earnings beat
▼ + stars: | 2023-06-02 | 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 EmailMongoDB shares surge on earnings beatCNBC’s Deirdre Bosa reports on cloud stocks rally after MongoDB beats its Q1 earnings.

Persons: CNBC’s Deirdre Bosa

☆ Stocks making the biggest moves midday: Lululemon, SentinelOne, T-Mobile, MongoDB and more
▼ + stars: | 2023-06-02 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

MongoDB — Shares of the data developer rocketed 28% after the company forecast strong fiscal first-quarter earnings and boosted its full-year guidance. The company cited macroeconomic pressure as a contributor to slowing sales growth in a shareholder letter and cut its full-year revenue guidance. PagerDuty — Shares slumped 17.1% after the IT cloud company issued second-quarter revenue guidance that missed expectations. Samsara — The cloud company popped nearly 28% after reporting a smaller-than-expected first-quarter loss and lifting its full-year sales guidance. That's above the expected loss of 5 cents a share and $191.9 million in revenue, according to FactSet.

Persons: Lululemon, Amazon, MongoDB, Wall, SentinelOne, Dupont, Dupont de Nemours, Zscaler, Morgan Stanley, PagerDuty, StreetAccount, Dell, Ginkgo, Goldman Sachs, Goldman, Yun Li, Hakyung Kim, Brian Evans, Alex Harring Organizations: Wireless, Bloomberg News, Verizon, Mobile, Amazon, Dish, Broadcom —, Broadcom, Bank of America, Dupont de, DuPont, U.S . Water Systems, Stifel Locations: New York

☆ Tech stocks close out first six-week rally since January 2020
▼ + stars: | 2023-06-02 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

Tech stocks still haven't fully rebounded from a miserable 2022, but they're rewarding investors who saw the sell-off as too extreme. The Nasdaq Composite gained 2% this week, wrapping up the sixth-straight weekly rally for the tech-heavy index. Among the most-valuable Nasdaq companies, Tesla led the way, with an 11% increase for the week. In the cloud software corner of tech, some earnings reports are still providing a boost. The company on Thursday reported earnings and revenue that topped analysts' estimates and raised its guidance for fiscal 2024.

Persons: Joe Biden, Tesla, Danielle Shay, Dev Ittycheria, SentinelOne, David Bernhardt, PagerDuty, Howard Wilson Organizations: Nasdaq, U.S, Stocks, Nvidia, Dow Jones

☆ MongoDB CEO says there's a one-to-one correlation between growth and app usage
▼ + stars: | 2023-06-02 | 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 EmailMongoDB CEO says there's a one-to-one correlation between growth and app usageMongoDB's CEO Dev Ittycheria joins 'Closing Bell Overtime' after the stock jumped more than 28% on a big earnings beat.

Persons: there's, Dev Ittycheria

☆ Stocks making the biggest moves premarket: SentinelOne, Lululemon, Dupont and more
▼ + stars: | 2023-06-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

SentinelOne — Shares fell more than 35% in premarket trading after cybersecurity company missed revenue expectations for the first quarter and cut its full-year revenue guidance. The company reported first-quarter revenue of $133.4 million, below the consensus estimate of $136.6 million from FactSet. It sees just $141 million in revenue for the second quarter, well below the $152.1 million consensus estimate from FactSet. ChargePoint said revenue would be between $148 million and $158 million this quarter, below the consensus estimate of $165.6 million from FactSet. Asana's revenue last period was $152.4 million,compared to the analyst consensus of $150.5 million from FactSet.

Persons: MongoDB, Lululemon, Dupont De, Corteva, Morgan Stanley, ChargePoint, PagerDuty, CNBC's Hakyung Kim, Jesse Pound, Yun Li Organizations: Dupont De Nemours —, Chemours, U.S . Water Systems, Bloomberg Locations: Canadian, U.S, China, FactSet

☆ Stock futures inch higher as Wall Street eyes May jobs report: Live updates
▼ + stars: | 2023-06-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures inched higher in overnight trading as traders looked ahead to Friday's May jobs report. Futures tied to the Dow Jones Industrial Average gained 31 points, or 0.09%, while S&P 500 futures added 0.08%. The Senate passed a bill to raise the debt ceiling late Thursday night, sending the bill to President Joe Biden's desk. With much of the debt ceiling drama in the rear-view mirror, investor attention pivots toward Friday's jobs report. Economists surveyed by Dow Jones expect that growth eased in May over the previous month, with 190,000 jobs added versus the 253,000 gained in April.

Persons: MongoDB, Stocks, Joe Biden's, Janet Yellen, Mona Mahajan, Edward Jones, Dow Jones Organizations: Dow Jones Industrial, Nasdaq, Dow Jones, U.S, Treasury, Dow Locations: U.S

☆ Stocks making the biggest moves after hours: Lululemon, MongoDB, Five Below and more
▼ + stars: | 2023-06-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Lululemon — Lululemon's stock popped 12% after the athletics apparel retailer posted better-than-expected fiscal first-quarter earnings and lifted its full-year guidance. However, Five Below posted revenue of $726 million, compared with Wall Street's forecast of $728 million. PagerDuty reported adjusted earnings per share that beat Wall Street's estimates, but issued weaker-than-expected revenue guidance. The electric vehicle charging stock beat Wall Street's earnings expectations but shared light guidance for the current quarter that was below consensus estimates. SentinelOne — SentinelOne shares cratered 34% after the bell as the cybersecurity company cut its revenue guidance and fell short of Wall Street's revenue expectations in the most recent period.

Persons: MongoDB, Asana, Darla Mercado Organizations: Broadcom, Revenue Locations: San Diego , California, FactSet

☆ MongoDB shares jump more than 20% after database company beats expectations and raises guidance
▼ + stars: | 2023-06-01 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Shares of MongoDB rose as much as 22% in extended trading Thursday after the database software maker issued blowout fiscal first-quarter earnings and lifted its full-year guidance. Earnings: 56 cents per share, adjusted, vs. 19 cents per share as expected by analysts, according to Refinitiv. During the quarter, MongoDB extended its partnership with Alibaba through 2027. Analysts surveyed by Refinitiv had been looking for 14 cents in adjusted earnings per share and $362 million in revenue. The guidance calls for $1.42 to $1.56 in adjusted earnings per share on $1.522 billion to $1.542 billion in revenue, which would imply 19.5% growth.

Persons: Dev Ittycheria, Ittycheria, MongoDB, Refinitiv Organizations: China Mobile, Oracle, Innovation, Alibaba, American Airlines Locations: Refinitiv, China

Looking ahead, investors this week will be laser-focused on Washington, as Congress prepares to vote on a bill to raise the U.S. debt ceiling . But the shortened trading week ahead still features some key earnings and economic data. ET: S & P/Case Shiller home price index (March) 10 a.m. ET: Employment report: Non-farm payrolls and jobless rate (May) Looking back Last week, three Club holdings reported earnings. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ I quit Goldman Sachs after only a year. Here's how I knew leaving for a tech startup was the right career move.
▼ + stars: | 2023-05-15 | by ( Chris Hladczuk | ) www.businessinsider.com time to read: +8 min

Chris Hladczuk leads growth at Meow, a fintech startup, after quitting Goldman Sachs. I picked a weird day to quit — it was my 24th birthday and I called my boss to tell her I was leaving Goldman Sachs. The power of Goldman SachsI love Goldman because it taught me how to win. With my future career in mind, is my pace of learning higher at Goldman in investment banking or at an early-stage startup? Chris Hladczuk currently leads growth at fintech startup Meow.

☆ Google Cloud boss Kurian's rocky path to profit: 'We were not in a very good situation'
▼ + stars: | 2023-04-29 | by ( Jordan Novet | ) www.cnbc.com time to read: +10 min

Google Cloud CEO Thomas Kurian, right, arrives on stage as Alphabet CEO Sundar Pichai exits during the Google Cloud Next event in San Francisco on April 9, 2019. Earlier this week, Alphabet said Google's cloud unit generated $191 million in operating profit, after losing a total of $4 billion in 2021 and 2022. Under Kurian's predecessor, VMware co-founder Diane Greene, critics said Google's cloud business hadn't matured enough to handle enterprises even as it was investing heavily to do so. The cloud division includes the Google Cloud Platform, which competes with Amazon Web Services and Microsoft Azure, and the Google Workspace productivity software bundle that goes head-to-head with Microsoft Office. Google Cloud technology chief Will Grannis said Kurian's commitment to improving the division's offerings was evident right away.

☆ Microsoft, Google just told us AI is for real, right now. Here's a broad selection of stocks that will benefit
▼ + stars: | 2023-04-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

(I've said it over and over if First Republic were to collapse it would not be a systemic industrywide problem.) When I say listen to what the market is telling you, I like to look at stocks that have no news but are ramping anyway. This move in these stocks could turn into a change in mindset about these stocks because AI may mean an acceleration of laggard tech, including personal computers (PCs) and servers. Despite the endless obsession with trying to sound like Microsoft when it comes to AI — mentioned like 50 times on the call. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stocks making the biggest moves midday: MongoDB, American Airlines and more
▼ + stars: | 2023-04-12 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

Employees of American Airlines help check in passengers at Ronald Reagan Washington National Airport on January 11, 2023 in Arlington, Virginia. Here's a look at some of the stocks making the biggest moves on Wednesday. MongoDB — Shares jumped 9.4% after Morgan Stanley upgraded MongoDB to overweight from equal weight, citing the software company's leadership in cloud optimization initiatives. American Airlines , Delta Air Lines , United Airlines — Shares of the major airline companies were under pressure on Wednesday after American Airlines updated its first-quarter guidance. Shares of American fell more than 9%, while United dropped about 2% and Delta shed nearly 6%.

☆ Stocks making the biggest moves premarket: Shopify, Global Payments, MongoDB and more
▼ + stars: | 2023-04-12 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Shopify — Shares of the e-commerce company gained 2.4% after JMP upgraded Shopify to market outperform from market perform. The firm assigned the company a price target of $65 per share, implying a 45.1% upside from Tuesday's close. MongoDB — The software company's stock price rose 2.8% in premarket trading after Morgan Stanley upgraded MongoDB to overweight from equal weight, citing the company's leadership in cloud optimization initiatives. Analyst Brennan Hawken increased his price target to $385 from $350, suggesting shares stand to gain 17.6% from Tuesday's close price. The firm also lifted its price target to $55, which suggests a 27% from Tuesday's closing price.

☆ Final Trades: Mongodb, Capri, Amazon & Wynn
▼ + stars: | 2023-04-12 | by ( Melissa Lee | ) 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 EmailFinal Trades: Mongodb, Capri, Amazon & WynnThe final trades of the day. With CNBC's Melissa Lee and the Fast Money traders.

☆ Here are Wednesday's biggest analyst calls: Netflix, Tesla, Honeywell, Amazon, Shopify, Hyatt & more
▼ + stars: | 2023-04-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

UBS upgrades Goldman Sachs to buy from neutral UBS said in its upgrade of the banking giant that it's "resilient." "We are upgrading GS to Buy from Neutral as the firm appears well positioned to outperform amidst elevated levels of market volatility." Morgan Stanley upgrades MongoDB to overweight from equal weight Morgan Stanley said in its upgrade of the developer data platform that it has "share gain opportunities." Morgan Stanley names Box a top pick Morgan Stanley named the cloud content management company as a top pick and says it sees more margin upside ahead. Morgan Stanley upgrades Evercore to overweight from equal weight Morgan Stanley said the investment bank has "underappreciated resiliency."

Organizations: ~$

☆ Three Stock Lunch: MongoDB, American Airlines and Dollar General
▼ + stars: | 2023-04-12 | 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 EmailThree Stock Lunch: MongoDB, American Airlines and Dollar GeneralChris Grisanti, Mai Capital Management chief equity strategist, joins 'Power Lunch' to discuss Gristani's investing take on three stocks.

Morgan Stanley thinks it's time to get back on board the MongoDB train, saying it sees a "pivot to profitability" for the company. Analyst Sanjit K Singh upgraded the cloud database stock to overweight from equal-weight. He also increased his price target to $270 per share from $230 per share, implying upside of 27.6% from Tuesday's closing price. Morgan Stanley now believes that many of its prior concerns have been addressed by the company and is now "getting back on board a secular beneficiary." Singh thinks that much of MongoDB's headwinds from cloud digestion should be behind it by the end of the current fiscal year.

☆ Stocks making the biggest premarket moves: Silvergate, Etsy, SVB Financial, Uber and more
▼ + stars: | 2023-03-09 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the opening bell:Etsy — Shares fell more than 6% in premarket after Jefferies double-downgraded the online marketplace to underperform from buy. Silvergate Capital — Shares of the crypto lender tumbled 50% after the company announced it will wind down operations and liquidate Silvergate Bank. Uber — Shares of the ride-hailing company rose about 2% in premarket trading following a Bloomberg report that Uber is considering spinning off its freight logistics division. SVB Financial — The financial services company's stock dropped 30% after the firm announced that it intends to offer $1.25 billion of its common stock and $500 million of depositary shares. LoanDepot — The mortgage lender's shares shed over 10% after its fourth-quarter earnings report missed analysts' expectations.

☆ Stocks making the biggest moves midday: General Electric, Silvergate Capital, Peloton, Etsy and more
▼ + stars: | 2023-03-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Silvergate Capital — The crypto lender's stock sank 23% after the company announced it will wind down operations and liquidate Silvergate Bank. Revenue came in at $150.2 million, topping the $145 million expected. CEO Dustin Moskovitz also said he was buying 30 million shares. Revenue came in at $103.5 million compared to the $101.7 million expected. Adjusted earnings per share came in 1 cent ahead of estimates at 18 cents.

☆ Stocks making the biggest moves after hours: Silvergate Capital, MongoDB, Uber and more
▼ + stars: | 2023-03-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Uber — The ride-sharing platform's shares gained 2.5% after Bloomberg reported that the company is weighing a potential spinoff of its freight logistics unit. Silvergate Capital — Shares slid 36% after the company announced it will wind down operations and liquidate Silvergate Bank. SVB Financial — The financial services company's stock fell 6% after SVB Financial said that it intends to offer $1.25 billion of its common stock and $500 million of depositary shares. LoanDepot — The mortgage lender's shares fell 2.6% after its fourth-quarter earnings report missed analysts' expectations. Fossil — The fashion accessories company's shares rose 2%.

☆ Stocks week ahead: It's hell week on Wall Street
▼ + stars: | 2023-03-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

The unflinching resilience of the US labor market is one of — if not the — greatest source of tension in today’s economy. That means the Fed’s already painful rate hikes are likely to continue until the job market simmers. In just one year, the Federal Reserve has raised interest rates from nearly zero to a range of 4.5% to 4.75% to cool the economy. The labor market is stronger than ever: The US added a shocking 517,000 jobs in January and knocked unemployment down to its lowest level since 1969. If the labor market remains strong, more Fed-induced pain lies ahead.

☆ This week's jobs report will help determine if this nascent March rally has legs
▼ + stars: | 2023-03-05 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Where the market heads next will once again depend on inflation data — especially this week's highly anticipated jobs report. No portfolio companies report earnings next week. However, with mortgage rates bouncing back in recent weeks, it remains to be seen if the strong monthly report will see any follow up. 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.

☆ We asked 4 expert tech investors how to invest in AI without getting sucked in by the hype. Here's what they told us.
▼ + stars: | 2023-02-22 | by ( Marley Jay | ) www.businessinsider.com time to read: +9 min

Insider spoke to four tech fund managers about their ideas and approaches to the theme. This year, Open AI's ChatGPT has attracted even more hype — and much more money — as Microsoft invested $10 billion in Open AI. "Fads and themes are really common in technology," mutual fund manager Matthew Moberg told Insider. "A lot of the leading AI companies are using Cloudflare today, and we think that will increase." Michael Loukas is the CEO of TrueMark Investments, which launched its Tech, AI, and Deep Learning ETF three years ago.

☆ Here are Friday's biggest analyst calls: Tesla, Nvidia, Roku, Coinbase, DraftKings, Disney & more
▼ + stars: | 2023-02-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are the biggest calls on Wall Street on Friday: Compass Point upgrades Coinbase to buy from neutral Compass said the "long-term opportunities outweigh near-term risks." Goldman Sachs reiterates Tesla as buy Goldman said it's bullish heading into the company's investor day on March 1. KeyBanc reiterates Nvidia as overweight KeyBanc raised its price target on the stock to $280 per share from $220. Daiwa reiterates Disney as buy Daiwa said it sees international growth for Disney which will further drive parks outperformance. Evercore ISI adds a positive tactical call on Walmart Evercore said it's bullish on Walmart heading into earnings next week.

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