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PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance Morgan Stanley named Palo Alto (PANW) its "top pick" ahead of the cybersecurity name's first-quarter earnings release on Wednesday. "Our latest checks largely support a positive view, with partners citing durable demand as customers consolidate on the broader [Palo Alto] platform." Meanwhile, analysts at Cantor Fitzgerald raised their price target for Palo Alto to $280 from $250, a 9.8% upside from the stock's Monday trading level of $255. PG YTD mountain Procter & Gamble (PG) year-to-date performance Jefferies initiated coverage of Procter & Gamble (PG) with a buy rating on shares, citing the company's solid fundamentals and durable earnings stream. Moreover, Procter & Gamble sells the kinds of staples consumers will buy even when budgets are stretched as their are few alternatives.
Persons: Morgan Stanley, Palo, billings, Hamza Fodderwala, Cantor Fitzgerald, we've, Edward Jones, Jefferies, Gamble, Jim Cramer's, Jim Cramer, Jim Organizations: Palo Alto Networks, Palo Alto, Oracle, Nvidia, Microsoft, Constellation, Jefferies, Constellation Brands, Management, Procter & Gamble, Procter, Gamble, CNBC, New York Stock Exchange, NYSE Locations: Palo, Alto
Investors will get a glimpse this week on the state of the consumer with a slew retail companies slated to report earnings. Tuesday Home Depot is set to report earnings before the open, followed by a call at 9 a.m. What history shows: Bespoke data shows Target beats earnings expectations 65% of the time. What to watch: Walmart is riding high, with the stock reaching an all-time high last week on bets of a strong holiday season for the retail giant. What history shows: Walmart was higher in four of the last five earnings days, Bespoke data shows.
Persons: Seth Sigman, Brian Cornell, Michael Lasser, PANW, Hamza Fodderwala, Morgan Stanley, billings, WMT, Oppenheimer, Rupesh, — CNBC's Michael Bloom Organizations: Walmart, Home Depot, CNBC, Tuesday, LSEG, Depot, Federal Reserve, Barclays, Investment, UBS, Palo Alto Networks, Management
Wynn Resorts — The resort-and-casino stock dropped 7.3% as analysts focused on EBITDAR, which includes restructuring, tied to its operations in Macao. Plug Power — Shares of the clean energy company tumbled more than 34%, reaching a new 52-week low, after third-quarter earnings and revenue missed analysts' estimates. TKO Group — The WWE parent slid 7.9% after Executive Chairman Vince McMahon said he planned to sell 8.4 million shares. Treace Medical Concepts — Shares tumbled 40% after the medical device company missed third-quarter expectations and lowered its full-year revenue guidance. The company also cut revenue guidance for the year.
Persons: Vince McMahon, Treace, Freyr, Wells, Synaptics, LSEG, Vera Therapeutics, Vera, , Sarah Min, Hakyung Kim, Pia Singh Organizations: Wynn Resorts, Diageo —, Diageo, RBC, JPMorgan, WWE, Wall, Analysts, Jefferies Locations: billings, Macao, America, Caribbean, Wells Fargo, Hawaii
Why Cramer would be an 'aggressive buyer' of Coterra Energy
  + stars: | 2023-11-10 | by ( Jeff Marks | ) www.cnbc.com   time to read: +2 min
Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. "I do think this rally is real," Jim Cramer said Friday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Bond, Morgan Stanley, Morgan Stanley's, Jim, Thomas Jorden, Jim Cramer's Organizations: CNBC, Nasdaq, Treasury, West Texas, Palo Alto Networks, Palo, Coterra Energy, repricing Locations: billings, Alto
Frank Borman , an American astronaut who circled the moon in 1968 and had what might have seemed like an even bumpier ride as chief executive of Eastern Airlines in the 1970s and 1980s, died Tuesday in Billings, Mont. He was 95 years old. Jim McCarthy, a spokesman for the family, said Borman had a stroke Tuesday morning at a retirement community and was pronounced dead at the Billings Clinic.
Persons: Frank Borman, Jim McCarthy, Borman Organizations: Eastern Airlines, Billings Clinic Locations: American, Billings, Mont
Former US astronaut Frank Borman dies at 95
  + stars: | 2023-11-09 | by ( ) www.reuters.com   time to read: +4 min
NASA astronaut Frank Borman in an undated photo. Borman served as the commander of Apollo 8, the first mission to fly around the world. Born in Gary, Indiana, on March 14, 1928, he was the oldest American astronaut still living; that mantle now passes to Jim Lovell, who is also 95 but eleven days younger. Like most of his fellow generation of astronauts, he trained as a test pilot before being selected for NASA's second astronaut program in 1962. In 1970 Borman retired from NASA and the Air Force and became an adviser to Eastern Airlines.
Persons: Frank Borman, Borman, Jim Lovell, Borman's crewmate William Anders, Susan, Eric Beech, Dan Whitcomb, Bill Trott, Rosalba O'Brien Organizations: NASA, Apollo, Handout, REUTERS, Former U.S, Eastern Airlines, American, Air Force, U.S . Military Academy, Gemini, Texas Air Corp, Politico, Thomson Locations: Former, Billings , Montana, Gary , Indiana, Arizona, Las Cruces , New Mexico, U.S
Apollo 8 carried three astronauts farther from Earth than anyone had ever traveled. It orbited the lunar surface 10 times, flying nearly 60 miles above its surface, to photograph a bleak and rock-strewn terrain, seeking potential landing spots for the moonwalks to come. Mr. Borman, who never set foot on the moon — and by his own account had no desire to do so — flew in space twice. In December 1965, he commanded the two-man Gemini 7 spacecraft on a 14-day flight that set what was then a record for time spent in space. Gemini 7 rendezvoused with Gemini 6A as it orbited Earth, a significant step toward perfecting a similar maneuver that would be required when astronauts reached the moon.
Persons: Frank Borman, Borman, Organizations: NASA, Apollo, Gemini Locations: America, Billings, Mont
But investor concerns over an unevenness to the Macao recovery sparked selling in afterhours trading, sending Wynn stock down more than 5% — and creating a potential buying opportunity. Despite these positives, Thursday evening's sell-off brought Wynn stock to about $40 below the level at which was trading in 2019. However, the company's two properties in the region – Wynn Palace and Wynn Macao – are not enjoying an equal pace of recovery. In the third quarter of 2023, Wynn Macao generated about $78 million in profits, which when annualized is only $312 million. The weakness at Wynn Macao has the market concerned Thursday about a loss of market share.
Persons: Wynn, , we're, management's, Wynn Al, There's, annualized, Craig Billings, Jim Cramer's, WYNN, Jim Cramer, Jim, Pual Yeung Organizations: Wynn Resorts, WYNN, LSEG, Wynn Macao, Wynn, United Arab Emirates, Vegas, Management, Prix, NFL, Wynn Interactive, CNBC, Bloomberg, Getty Locations: Las, Macao, China, Las Vegas, Boston, Wynn Al Marjan, EBITDAR, Wynn Macao, Vegas, RevPar
Apollo astronaut Frank Borman dead at 95
  + stars: | 2023-11-09 | by ( Joe Sutton | ) edition.cnn.com   time to read: +1 min
CNN —Apollo astronaut Col. Frank Borman, who commanded the first mission to orbit the moon, has died in Billings, Montana, NASA announced. Astronaut Frank Borman was a true American hero. Pictured here from left to right are Frank Borman, commander of 3-man Apollo 8 crew, William A. Anders and James A. Lovell, Jr. on December 21, 1968, before their orbital flight around the moon. In 1967, Borman was a member of the Apollo 204 review board, which investigated a fire that killed three astronauts on Apollo I, according to NASA’s short biography. His death follows that of Apollo astronaut Thomas K. Mattingly II, who died October 31 at the age of 87.
Persons: CNN —, Frank Borman, humanity’s, , Bill Nelson, ” Nelson, William A, Anders, James A, Lovell , Jr, Borman, Thomas K, Mattingly II Organizations: CNN, NASA, Gemini, Apollo, Eastern Airlines Locations: Billings , Montana
(AP) — Astronaut Frank Borman, who commanded Apollo 8's historic Christmas 1968 flight that circled the moon 10 times and paved the way for the lunar landing the next year, has died. Borman also led troubled Eastern Airlines in the 1970s and early '80s after leaving the astronaut corps. He and his crew, James Lovell and William Anders, were the first Apollo mission to fly to the moon — and to see Earth as a distant sphere in space. Astronaut Frank Borman was a true American hero,” NASA Administrator Bill Nelson said in a statement Thursday. In his book, "Countdown: An Autobiography," Borman said Apollo 8 was originally supposed to orbit Earth.
Persons: Frank Borman, Borman, James Lovell, William Anders, Bill Nelson, Susan, , God, ” Lovell, , ” Borman, Anders Organizations: NASA, Eastern Airlines, Gemini, Associated Press Locations: Mont, Billings , Montana, Florida’s Cape Canaveral
Prosecutors contended Officer Nathan Woodyard's actions including the neck hold contributed to McClain's death. Here’s what you need to know about the criminal trials:WHY WERE THE OFFICERS AND PARAMEDICS CHARGED? Local prosecutors initially decided not to bring charges in McClain’s death largely because an initial autopsy didn’t determine exactly how he died. Defense attorneys for the officers repeatedly said it was the ketamine injection — not their clients — that caused McClain’s death. In Woodyard’s case, the defense brought in a paid expert witness who has also worked for the prosecution in the paramedic’s case.
Persons: , Elijah McClain, George Floyd, Nathan Woodyard's, wasn't, Woodyard wasn't, McClain, Sheneen McClain, Jeremy Cooper, Peter Cichuniec, Jared Polis, Dr, Stephen Cina, McCLAIN, Woodyard, Randy Roedema, Joyce, McClain didn’t, Megan Downing, Roedema, Rosenblatt, Cooper, Cichuniec, Nadia Iovettz, Andrew Ho, , , Ed Obayashi, ___ Brown Organizations: BRIGHTON, Prosecutors, Local, Democratic Locations: Colo, Denver, Aurora, Billings , Montana
Here are Friday biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by Apple shares after its earnings report on Thursday. Berenberg downgrades Estee Lauder to hold from buy Berenberg downgraded the stock after its disappointing earnings report earlier this week. Morgan Stanley reiterates Carvana as underweight Morgan Stanley said it's sticking with its underweight rating on the stock after its earnings report on Thursday. " Evercore ISI downgrades Fortinet to in line from outperform Evercore downgraded the cybersecurity company after its earnings report. JPMorgan reiterates Starbucks as overweight JPMorgan said the coffee giant is "still one to buy" after its earnings report on Thursday. "
Persons: Morgan Stanley, Apple, it's, downgrades Estee Lauder, Estée Lauder, Piper Sandler, Piper, OMCL, Key, Wolfe, Mizuho, C27E, JPMorgan downgrades, Papa John's, PZZA, Raymond James, Carvana, CVNA, Redburn, JPMorgan, SBUX, Guggenheim, GNRC Organizations: Apple, DOJ, Uber, Deutsche Bank, Molson Coors, Deutsche, HSBC, Moderna, Nvidia, Mizuho, JPMorgan, JPMorgan downgrades Fox, FOX, Barclays, Retail, Evercore, billings, Guggenheim, Citi, Cedar, Flags, ~$
Greta Gerwig's "Barbie" movie pushed up sales for the iconic doll, Mattel execs say. Global gross billings in the quarter were up 14%, but this wasn't enough to offset poor performance in the first half of 2023. AdvertisementAdvertisementGreta Gerwig's "Barbie" blockbuster helped boost sales for the plastic doll following a poor performance in the first half of the year. North America made up around 58% of Barbie's total gross billings, and saw a much bigger rise — gross billings were up 26% to $349.9 million in the quarter. Global gross billings were down 6% in the year to September compared to the same period in 2022.
Persons: Greta Gerwig's, Mattel, , Barbie, Ynon Kreiz, Kreiz, Barbie repositions Mattel, Gross, Anthony DiSilvestro, Mattel execs, Ruth Handler —, Rhea Perlman Organizations: Global, billings, Service, Mattel Locations: Hollywood, billings, America
Barbie dolls, a brand owned by Mattel, are seen at the FAO Schwarz toy store in Manhattan, New York City, U.S., November 24, 2021. The company now expects annual adjusted earnings per share between $1.15 and $1.25, compared with its previous forecast of $1.10 to $1.20. read moreWorldwide gross billings, or the amount invoiced to customers, for Mattel's Dolls segment rose 24% in constant currency for the quarter. Mattel slightly raised its annual adjusted gross margin target to between 47% and 48%, after margins for the quarter ended Sept. 30 rose 270 basis points to 51%. Adjusted profit per share came in at $1.08, beating analysts' estimate of 86 cents, according to LSEG data.
Persons: Barbie, FAO Schwarz, Andrew Kelly, Ynon Kreiz, Kreiz, Juveria Tabassum, Devika Organizations: Mattel, FAO, REUTERS, Reuters, Thomson Locations: Manhattan , New York City, U.S
Worldwide gross billings, or the amount invoiced to customers, for dolls rose 27%, bringing in $885 million to Mattel in the third quarter. Meanwhile, vehicles — mainly driven by Hot Wheels — rose 18% to $519 million compared to the same quarter a year ago. The company reported $146.3 million in net income during the quarter, down 50% from the $289.9 million it reported in the same quarter a year ago. Customers were also snatching up Hot Wheels toys, which partly offset the declines in action figures, building sets and games. Mattel said it sold $350 million worth of Barbie products in the quarter.
Persons: , Barbie, Disney, Ynon Kreiz, Greta Gerwig, “ Barbie, Kreiz, Parija Kavilanz Organizations: New, New York CNN, Mattel, Disney, Warner Bros, CNN, Warner Bros . Locations: New York, North America, United States
There are macro cross currents: earnings are still good, but stocks are acting like the economy is slowing, and the commentary on the consumer has turned cautious. The markets are not sure, but parts are acting like the consumer is slowing down. The AIA/Deltek Architecture Billings Index, a measure of activity at major architecuture firms, reported the lowest levels in September since December 2020, during the height of the pandemic. Earnings growth at 2.8% is good but also lower than the earlier reporters. earnings beat: 5.5% Earnings growth: 2.8% Revenue growth: 6.4% Source: Earnings Scout Welcome to 'higher for longer limbo' The bottom line: there is no escape velocity without relief on bonds.
Persons: Elon Musk, Tesla, Peter Arvan, JB Hunt, Parker Hannifin, Donaldson, WESCO, Martin Marietta, Parker, Hannifin, Ingersoll Rand Organizations: General Motors, Ford, Pool Corp, Revenue, Rand, Caterpillar, AIA, Billings, billings, Ingersoll, Vulcan, Fed Locations: Union, Ingersoll, Fluor
Architecture firms reported a sharp drop in business in September, indicating that the commercial real estate market could see even more pain in the next year. The index is a forward-looking indicator of demand for non-residential construction activity, both commercial and industrial buildings. Commercial real estate has been hit with a double whammy. Among real estate sectors, firms with a multi-family residential focus saw more of a decline. Multi-family construction boomed over the last few years, with a record number of units now flooding the market and putting pressure on rents.
Persons: Kermit Baker, bode, Peter Boockvar Organizations: AIA, Billings, Bleakley Financial Locations: billings
Zscaler could benefit from the growth of an emerging form of cybersecurity, according to Barclays. The firm upgraded the cloud security stock to overweight from equal weight and upgraded its price target to $190 from $176. Analyst Saket Kalia said the company's growing Zscaler for Workloads platform as well as a growth opportunity in the secure access service edge (SASE) cybersecurity segment underpinned the upgrade. The analyst added that growth in SASE cybersecurity could grow to become the same size or larger than regular network security protocols in three years, which could help propel Zscaler going forward. ZS YTD mountain Zscaler in 2023 — CNBC's Michael Bloom contributed to this report.
Persons: Saket Kalia, we're, Kalia, Zscaler, , Michael Bloom Organizations: Barclays Locations: SASE
Schwinden died Saturday in Phoenix at his daughter's home, son Dore Schwinden said Monday. Schwinden was born Aug. 31, 1925, on his family's farm in Wolf Point on the Fort Peck Indian Reservation. In the early 1950s the couple returned to the Wolf Point area to help on their family farms after Schwinden's father fell ill. He stayed in Helena but kept returning to the family farm in Wolf Point to help during harvest time until 1998, his son said. Jean Schwinden died in 2007.
Persons: Ted Schwinden, Schwinden, son Dore Schwinden, , ” Ted Schwinden, Jean, Ted, , Jean Christianson, Schwinden's, Thomas Judge, Jean Schwinden, Dore Schwinden Organizations: Radio, Fort, U.S . Army, Pacific, University of Montana, Montana Grain Growers Association, Gov, Democratic Locations: Mont, Phoenix, Oregon, Wolf Point, Fort Peck, Europe, Helena, Wolf, Arizona
PENROSE, Colo. (AP) — Authorities are investigating the improper storage of human remains at a southern Colorado funeral home that performs “green” burials without embalming chemicals or metal caskets. The investigation centers on a building owned by the Return to Nature Funeral Home outside Colorado Springs in the small town of Penrose. Under Colorado law, green burials are legal but state code requires that any body not buried within 24 hours must be properly refrigerated. Under Colorado law, green burials are legal but state code requires that any body not buried within 24 hours must be properly refrigerated. The Return to Nature Funeral Home was licensed in Colorado Springs in 2017.
Persons: PENROSE, Joyce Pavetti, , , Pavetti, Ron Alexander, Paul Saito Kahler, Hallfordhomes, Amy Beth Hanson, Mead Gruver, Matthew Brown, Jennifer Farrar Organizations: , Deputies, Investigators, Fremont County Sheriff’s, . Navy, Nature, Pikes, Colorado, Hallfordhomes, Colorado Springs, Associated Press Locations: Colo, Colorado, Colorado Springs, Penrose, Fremont County, Fountain , Colorado, Fremont, Helena , Montana, Cheyenne , Wyoming, Billings , Montana, New York
The iPhone maker in June announced its Vision Pro mixed-reality headset at an eyepopping price of $3,499 when it goes on sale next year. "There's curiosity for sure with Apple entering the market," said Tom Symonds, CEO of the UK-based VR firm Immerse. Apple CEO Tim Cook stands next to the new Apple Vision Pro headset. At its high price point, the Vision Pro will likely be more of a product for businesses, Seitz said. Initially, the price is too high and the Vision Pro will require users to wear a battery pack, creating an added nuisance during a workout.
Persons: Andrew Bosworth, Josh Edelson, Mark Zuckerberg, it's, Tom Symonds, Meta, Zuckerberg, Tim Cook, Justin Sullivan, Aneesh Kulkarni, Kulkarni, Josette Seitz, Seitz, Gaspar Ferreiro, Apple, Ferreiro, Jeffrey Morin, Morin, Litesport, " Morin, Apple's Organizations: Facebook, Meta, AFP, Getty, VR, Menlo, Apple, Street, Apple Vision, Baltu Technologies, Car Studios, Vision Locations: Menlo Park , California, Web3, billings
The five-year plan includes proposed sales in the Gulf of Mexico — the nation’s primary offshore source of oil and gas — in 2025, 2027 and 2029. The three lease sales are the minimum number the Democratic administration could legally offer if it wants to continue expanding offshore wind development. The lease program will guard against environmental damage caused by oil and gas drilling and other adverse impacts to coastal communities, Haaland said. “The (oil leasing) program is definitely informed by the IRA and the connection that the IRA makes between offshore oil and gas leasing and renewable energy leasing,” he said Thursday, referring to the Inflation Reduction Act. The Interior Department can’t sell the rights to drill for oil and gas offshore without first publishing a schedule that outlines its plans.
Persons: Joe Biden's, Biden, Democratic Sen, Joe Manchin, Manchin, Harris, Deb Haaland, , Haaland, , Biden's, Ryan Lance, Willow, Dyani Chapman, Tommy Beaudreau, Interior Department can’t, Rene Santos, Santos, Beth Lowell, Abigail Dillen, Sen, Dan Sullivan, ___ Brown, Becky Bohrer Organizations: WASHINGTON, Democratic, Biden, Interior Department, Interior Department’s, of Ocean Energy Management, drillers, BP, ExxonMobil, ConocoPhillips, Alaska Environment, Interior, P, Gulf, American Petroleum Institute, Chevron, Associated Press Locations: Gulf of Mexico, Alaska, Gulf, Mexico, West Virginia, Chevron, Brazil, Guyana, Louisiana, Oceana, Gulf Coast, Billings, Mont, Juneau , Alaska
Here's what you need to know about McClain's death and the trial in state court:HOW DID ELIJAH McCLAIN DIE? A Colorado prosecutor initially decided against prosecuting McClain’s death largely because the coroner’s office could not determine exactly how he died. Roedema, a former Marine who is currently suspended without pay, had been with the department for five years before McClain’s death. The two officers have not talked publicly about McClain’s death and it’s unknown if they’ll take the stand to testify. Their lawyers told jurors that the officers' actions followed police policies and weren’t responsible for McClain’s death.
Persons: Elijah McClain’s, George Floyd, McClain, he's, ELIJAH McCLAIN, Nathan Woodyard, Woodyard, McClain’s, Jared Polis, Randy Roedema, Jason Rosenblatt —, Rosenblatt, they’ll, They’ve, Stephen Cina, , , Reid Elkus, who’s, They’re, Cina, David Beuther, Beuther, Jeremy Cooper, Peter Cichuniec, Cooper, Cichuniec, Roedema, Mark Warner, ___ Brown Organizations: DENVER, Minneapolis, Paramedics, Democratic, African Locations: Denver, Aurora, Colorado, Billings, Mont
Nutanix has a promising multilever growth story, according to Bank of America. Nutanix, which offers cloud services and software solutions, recently announced a new software-defined platform called " GPT-In-A-Box. " The partnership will combine "the Nutanix cloud platform with Cisco's UCS compute, cloud management, networking and security," said the analyst. Mohan thinks the company could also benefit from Broadcom's upcoming acquisition of cloud computing peer VMware. Ahead of the company's analyst day later this month, Mohan thinks Nutanix can exceed Wall Street consensus estimates.
Persons: Nutanix, Wamsi Mohan, ACV, Mohan, — CNBC's Michael Bloom Organizations: Bank of America, Cisco, VMware, Broadcom, Dell, HP Enterprise Locations: billings
DENVER (AP) — Newly released surveillance video from a Denver theater appears to show Republican Rep. Lauren Boebert vaping during a “Beetlejuice” musical play — the one thing she denied doing while acknowledging earlier this week that she had been kicked out for being disruptive. Boebert and her guest were escorted out of the play Sunday after audience members accused two guests of vaping, singing, using phones and causing a disturbance, according to theater representatives and video from the publicly owned Buell Theater. When the lights were still on and as people were taking their seats around Boebert, she can be seen in the surveillance video talking with her companion. Boebert campaign manager Drew Sexton confirmed this week she had been kicked out but denied she was vaping. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.
Persons: Lauren Boebert vaping, Boebert, Drew Sexton, Sexton, , Joe Biden, Colorado’s, , ___ Brown, ___ Jesse Bedayn Organizations: DENVER, Republican, Buell Theater, KUSA, Buell Theatre, GOP, Congressional District, Associated Press, America Statehouse News Initiative, America Locations: Denver, Boebert, Washington, Billings, Mont
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