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☆ These companies stand to benefit from the A.I. 'tidal wave' overtaking Wall Street, Baird says
▼ + stars: | 2023-02-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Since the launch of ChatGPT last year, analysts and tech enthusiasts can't seem to stop talking about artificial intelligence. But the Xbox maker is far from the only company poised to benefit from the AI "tidal wave" overtaking the investing community, according to Baird. The firm highlighted 50 artificial intelligence and machine learning stocks across sectors positioned to capitalize on AI mania in a Tuesday note to clients. For years, both companies have employed artificial intelligence and machine learning to enhance their products. Software stocks Adobe and Salesforce also made the cut along with payrolls services company ADP .

☆ The AI craze has sent some stocks soaring up to 300%. This list of over 74 stocks across 5 categories features the top picks from the sector's leading fund managers.
▼ + stars: | 2023-02-08 | by ( Laila Maidan | ) www.businessinsider.com time to read: +11 min

These 74 stocks are picked by AI ETF managers. What she believes is unique about her fund is its heavy focus on quantum computing technology, making up 41.22% of the fund. While big data is used for different technologies, it enables AI to work with massive data sets in its machine-learning process. TipRanks, a financial technology website that uses AI to analyze financial data, created a stock list for what they deem are the best AI stocks based on popularity. TipRanks' list of nine of the best AI stocks have large market caps and are likely to remain relevant for a long time.

☆ Here are Monday's biggest analyst calls: Apple, Tesla, Amazon, Netflix, Spotify, Disney, Uber & more
▼ + stars: | 2023-02-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Wells Fargo upgrades Spotify to overweight from equal weight Wells said the stock is coming off of "margin probation." Bernstein upgrades Diageo to outperform from market perform Bernstein said shares of the spirits company are compelling at current levels. " Wells Fargo reiterates Tesla as equal weight Wells said the industry dynamic surrounding EV pricing remains "challenged." Raymond James downgrades PayPal to market perform from outperform Raymond James said in its downgrade of PayPal that market share losses are growing. Cowen initiates Dick's as outperform Cowen said its survey checks show that Dick's continues to gain market share.

☆ Exclusive: Starboard to challenge engineering materials maker Rogers' board -sources
▼ + stars: | 2023-02-04 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

The board challenge comes after chemical company DuPont (DD.N) in November walked away from a $5.2 billion deal to acquire Rogers because it failed to secure regulatory approval for the transaction in China. Starboard and Rogers did not respond to requests for comment. Its stock price tumbled after the DuPont deal was scrapped and is down 47% over the last 52 weeks. The company has made changes since the DuPont deal fell apart. Starboard has been active, including recent bets on cloud-based software company Salesforce (CRM.N), software company Splunk (SPLK.O) and website maker Wix.com (WIX.O).

☆ Disney, Salesforce and Others Draw Activist ‘Swarm’ After Shares Decline
▼ + stars: | 2023-02-01 | by ( Lauren Thomas | ) www.wsj.com time to read: 1 min

Salesforce, a software company beset by slowing growth and executive turnover, faces at least four activists. Shareholder activists, newly emboldened by beaten-down share prices, are increasingly crowding into the same big names. The software company Salesforce Inc., beset by slowing growth and executive turnover, faces at least four activists, while Walt Disney Co. has drawn the attention of two well-known activists, one of which is mounting a fight for a board seat. The cloud-software company Splunk Inc. last year drew two activists, and the toy maker Hasbro Inc. fended off a pair in a challenge for board seats.

☆ Splunk to Cut About 325 Jobs, Scale Back Outsourcing
▼ + stars: | 2023-02-01 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Splunk Inc. said it is laying off about 325 employees, or 4% of its staff, becoming the latest tech company to cut jobs. The company, which makes software used by information-technology and security operations to crunch data, on Wednesday also said it would scale back the use of external agencies and consultants as it seeks to cut costs.

☆ Splunk CEO Gary Steel joins 'TechCheck' from Davos 2023
▼ + stars: | 2023-01-17 | 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 EmailSplunk CEO Gary Steel joins 'TechCheck' from Davos 2023Gary Steele, Splunk CEO, joins 'TechCheck' from Davos 2023 to discuss outlook on the company, cybersecurity, Starboard's stake in the company and more

☆ Cramer's lightning round: Costamare is not a buy
▼ + stars: | 2023-01-13 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Costamare Inc : "I don't like [the] container ship business. I'm not going to say, buy that." Loading chart...Lamar Advertising Co : "They are in a business that is in a serious recession right now. So, I am going to have to say no to that." Loading chart...Taiwan Semiconductor Manufacturing Co Ltd : "Taiwan Semi is just a very, very good company.

☆ Stocks making the biggest moves premarket: Designer Brands, Lands' End, Salesforce and more
▼ + stars: | 2022-12-01 | by ( Peter Schacknow | ) www.cnbc.com time to read: +3 min

Dollar General (DG) – Dollar General slumped 6.1% in premarket trading after the discount retailer cut its annual forecast due to higher costs. Lands' End (LE) – The apparel retailer reported an unexpected quarterly loss. Salesforce (CRM) – Salesforce fell 7.4% in the premarket after the business software company announced that co-CEO Bret Taylor would be stepping down January 31, leaving Chairman Marc Benioff as the sole CEO. Five Below (FIVE) – Five Below rallied 9.3% in premarket trading in the wake of better than expected quarterly results. Splunk (SPLK) – Splunk staged an 8.1% premarket rally after the data management software company reported upbeat quarterly results and boosted its full-year forecast.

☆ Stocks making the biggest moves midday: Salesforce, Five Below, Okta, Costco and more
▼ + stars: | 2022-12-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Salesforce did report earnings and revenue that beat analyst expectations for the most recent quarter, however. Costco – Shares of retailer Costco shed nearly 6% after the company reported softer-than-expected sales figures for November that could signal a weak consumer heading into the holiday shopping season. The cloud data platform provider reported earnings that beat expectations but provided light revenue guidance, which sent the stock lower after-hours Wednesday. The company reported 29 cents of earnings per share on $645 million of revenue. The lingerie company reported earnings of 29 cents per share on revenue of $1.32 billion.

☆ Stocks making the biggest moves after hours: Salesforce, Snowflake, Costco, Five Below and more
▼ + stars: | 2022-11-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Snowflake — The cloud stock tumbled 6% after hours on light product revenue guidance despite a top and bottom line beat. Snowflake said it expects revenue to come in between $535 million and $540 million in the fourth quarter, below estimates of roughly $553 million, according to StreetAccount. Victoria's Secret — The women's apparel maker's stock dove as much as 5% after hours on a disappointing fiscal fourth-quarter earnings forecast. PVH topped Wall Street's earnings and revenue expectations, saying it expects full-year revenues to hit the higher end of its expected range. Revenue guidance, however, came in lighter than expected.

☆ Stocks finish higher as the Street awaits key inflation data next week
▼ + stars: | 2022-11-25 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Stocks finished higher on this holiday-shortened trading week, with all the major U.S. averages posting gains. Under the hood, all sectors closed higher for the week, led by utilities, materials and financials. 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. The U.S. Federal Reserve, alongside global central banks, has been trying to get a handle on soaring inflation.

☆ The November jobs report and the Fed matter most to markets in the week ahead
▼ + stars: | 2022-11-25 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

November's jobs report is the big event for markets in the week ahead, and it could provide important insight into the path of Federal Reserve interest rate hikes. The labor market has cooled only slightly, as other parts of the economy have slowed. But the labor market has been more resilient than expected, challenging the Fed's efforts to tame inflation by slowing economic activity. Besides the jobs report, there is the Job Openings and Labor Turnover Survey (JOLTS) report Wednesday, as well as the Fed's beige book on economic activity. "Holding above 4,000, as we await the jobs report and those other economic reports would be constructive for one more move before Christmas," he said.

☆ What Cramer is watching Friday — Fed plays good cop, bad cop and off-price retailers shine
▼ + stars: | 2022-11-18 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Rival Ross Stores (ROST) gets multiple price target increases. Citi raises BJ's Wholesale (BJ) price target to $83 per share from $81 after earnings beat. Multiple price target raises on Club Bullpen name Palo Alto Networks (PANW). Barclays raises Applied Materials (AMAT) price target to $90 per share $80 but keeps neutral rating. Piper Sandler starts DraftKings (DKNG) with an overweight (buy) rating and a $21-per-share price target, which implies about 40% upside from Thursday's close.

☆ Starboard takes a stake in Splunk. Here’s how the activist investor may help boost margins
▼ + stars: | 2022-11-12 | by ( Kenneth Squire | ) www.cnbc.com time to read: +4 min

Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement. Splunk has a leading market share and is considered the "gold standard" in the log management and security markets. This is a typical Starboard investment – a company with strong top-line growth and enviable market position that needs help with optimizing growth and margins. When an activist takes a position at a company, it puts that company in pseudo-play with potential acquirers often coming out of the woodwork. You would think that their interest level has piqued a little with Splunk now trading at a $12.7 billion market cap.

☆ Here are Monday's biggest analyst calls: Tesla, Apple, Costco, DoorDash, Berkshire Hathaway & more
▼ + stars: | 2022-11-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Bank of America reiterates Synchrony as buy Bank of America said the financial services company is a "hidden" beneficiary of the PayPal-Apple partnership. Bank of America downgrades Funko to neutral from buy Bank of America said in its downgrade of Funko that it sees a "challenging" holiday for the toy company. Oppenheimer upgrading DoorDash to outperform from perform Oppenheimer said it sees improving margins for the food delivery company. Bank of America reiterates Northrop Grumman as a top pick Bank of America said the company has a "best in class" space business. Oppenheimer reiterates Walmart as buy Oppenheimer said investors should buy the dip heading into Walmart earnings next week.

☆ BigID: 2022 Top Startups for the Enterprise
▼ + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

All companies are now digital enterprises, regardless of sector, but for many years, data wasn't being managed in the best way possible for the privacy era. BigID's data intelligence platform is used by clients to proactively discover, manage and protect regulated, sensitive and personal data across their data landscape. Using machine learning and data, BigID can address data privacy, security and governance challenges across all different types of data for clients ranging from financial services to healthcare. The company, which raised $100 million in its Series D funding round that valued it at $1.25 billion, has investors that include ServiceNow , Hewlett Packard Enterprise , Salesforce , SAP and Splunk . The 2022 Top Startups for the Enterprise list is powered and inspired by the members of CNBC's Technology Executive Council (TEC).

☆ Cribl: 2022 Top Startups for the Enterprise
▼ + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

Co-founders Clint Sharp, Dritan Bitincka and Ledion Bitincka left their jobs at data sleuth Splunk to start Cribl in 2017 with the goal of making data observability — a broad enterprise concept that focuses on the health and state of an organization's data — a possibility for any firm. The company gives customers control and visibility over their data through accessible consumption pricing, a model that allows customers to pay according to the amount of services used. In May 2022, Cribl closed a $150 million Series D funding round. The company is valued at $2.5 billion. Today, Cribl products are utilized by companies including 7-Eleven, Domino's, New Balance and Shutterfly.

☆ Harness: 2022 Top Startups for the Enterprise
▼ + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

Co-founder Jyoti Bansal sold his first company AppDynamics to Cisco for $3.7 billion and just six years later he has brought Harness up to its own $3.7 billion valuation as of its last fundraising in April. Every company is now a software company and with that digital transformation come issues of constant code fixes and cyber vigilance. The aim of Harness is to provide an estimated 27 million software developers globally the ability to create and send code to end users faster, more efficiently, and securely. Key cloud integrations include Google Cloud, AWS and Microsoft Azure. The 2022 Top Startups for the Enterprise list is powered and inspired by the members of CNBC's Technology Executive Council (TEC).

☆ JupiterOne: 2022 Top Startups for the Enterprise
▼ + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

Founder Erkang Zheng came to the U.S. from China as an immigrant during his high school years and after deciding it took too long to follow his first dream of becoming a doctor, he got a degree in computer science instead and proceeded through a series of cybersecurity jobs at companies including IBM and Fidelity Investments before founding JupiterOne. It is helping companies manage their clouds, pass security audits, and scale their defenses as they grow security and DevOps teams in a way that gains the trust of clients. Customers include fellow Top Startup Databricks and key integrations in the cloud include AWS. The 2022 Top Startups for the Enterprise list is powered and inspired by the members of CNBC's Technology Executive Council (TEC). Learn more about CNBC Councils.

☆ Wolfe Research says buy this software stock poised to rally 25%
▼ + stars: | 2022-11-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Despite its 38% tumble this year, Wolfe Research expects shares of Splunk to rally in the months ahead. Analyst Joshua Tilton initiated coverage of the software company with an outperform rating and $90 price target, saying in a note to clients that shares are trading at attractive levels even as the company faces a weakening spending environment and growing competition. Splunk, used as a tool to locate security threats, has seen its shares tumble more than 59% from its 52-week highs as it grapples with a troublesome macro environment, a new CEO and no chief financial officer. Last month, activist investor Starboard Value revealed a growing stake in the software company . Wolfe Research's new price target implies a 25% upside for the stock from Friday's close.

☆ Jim Cramer on Starboard Value's stakes in Wix, Splunk, Salesforce and Vertiv
▼ + stars: | 2022-10-24 | 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 EmailJim Cramer on Starboard Value's stakes in Wix, Splunk, Salesforce and VertivCramer on Monday gave his thoughts on Starboard's busy October.

☆ Cramer breaks down Starboard's thesis that drove its recent investments
▼ + stars: | 2022-10-24 | 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 EmailCramer breaks down Starboard's thesis that drove its recent investmentsCramer explained why he believes Starboard recently took stakes in Wix, Splunk, Salesforce and Vertiv.

☆ 10 ‘babies in the bathwater’ to buy from Evercore ISI, down 40% from pandemic highs
▼ + stars: | 2022-10-24 | by ( Patti Domm | In | ) www.cnbc.com time to read: +1 min

Investors will be clearing out their losers as year end approaches, and Evercore ISI says it's time to buy some of these stocks that are being tossed like "babies in the bathwater." "2022 is likely to be a year in which tax loss selling, both at the 10/31 mutual fund year-end and into the 12/31 calendar year end, dominates flows," Evercore ISI strategists write. "As is often the case when hope is all but abandoned, particularly as so many stocks have declined so much from their Pandemic peaks, opportunity awaits." The criteria included stocks in the bottom 50 percentile of the Russell 3000 that were down 24.4% year-to-date and 40.8% from pandemic highs. The companies also have positive earnings growth in the upper 50 percentile for 2022 and 2023, as well as positive 2023 earnings revisions.

☆ Here are Wednesday's biggest analyst calls: Tesla, Netflix, Apple, Exxon, Robinhood, Alphabet & more
▼ + stars: | 2022-10-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's staying bullish heading into earnings next week. Evercore ISI downgrade Petco to in line from outperform Evercore said in its downgrade of the pet store that it sees too many headwinds. " Evercore ISI downgrades Lowe's to in line from outperform Evercore said in its downgrade of Lowe's that it sees slowing home improvement demand. Evercore ISI downgrades Boston Beer to in line from outperform Evercore said in its downgrade of Boston Beer that estimates are too high. Bank of America reiterates Alphabet as buy Bank of America s aid Alphabet is a "defensive stock with valuation support."

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