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☆ This low-beta tech stock with a nice yield is headed for a breakout, according to the charts
▼ + stars: | 2024-03-25 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: CSCO, Katie Stockton Organizations: Cisco Systems, Fairlead, CNBC Pro, Securities

☆ Ericsson will cut 1,200 jobs in Sweden
▼ + stars: | 2024-03-25 | by ( Alex Koller | ) www.cnbc.com time to read: +1 min

Ericsson recently announced it is planning to cut 8,500 jobs as part of its cost-cutting measures. Ericsson announced on Monday that it will lay off around 1,200 employees in Sweden as the telecom company faces slowed demand for its 5G equipment. Last year, the company laid off 8,500 staffers, or about 8% of its workforce, to cut costs. Ericsson had 99,950 employees, including 10,744 workers in North America, at the end of last year, according to an SEC filing. In 2023, more than 260,000 workers were let go from almost 1,200 tech companies.

Persons: Ericsson Organizations: Ericsson, SEC, Industry, Meta, Microsoft, Cisco Locations: Sweden, North America

☆ Cisco CEO Chuck Robbins: $28 billion Splunk deal will be a significant financial growth driver
▼ + stars: | 2024-03-18 | 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 EmailCisco CEO Chuck Robbins: $28 billion Splunk deal will be a significant financial growth driverChuck Robbins, Cisco chairman and CEO, and Gary Steele, Splunk former CEO, joins 'Squawk on the Street' to discuss Cisco's $28 billion deal to acquire data services company Splunk, inventory issues, AI competition, and more.

Persons: Chuck Robbins, Gary Steele Organizations: Cisco

☆ Anthropic-backer Menlo Ventures is preparing for a 'gold rush' of AI infrastructure startups. Here's why.
▼ + stars: | 2024-03-18 | by ( Samantha Stokes | Darius Rafieyan | ) www.businessinsider.com time to read: +6 min

Menlo Ventures has been an early backer of AI powerhouses including security startup Abnormal, LLM developer Anthropic, and vector database Pinecone. "AI itself is not new, I think it's just how mainstream it's become," Matt Murphy, a Menlo Ventures partner who invests in SaaS and robotics startups, told Business Insider in an interview. AI's "picks and shovels"Murphy and fellow Menlo Ventures partner Tim Tully say that 2024 will be a big year for the "picks and shovels" of AI. There's room in the game for more LLMsSam Altman's OpenAI has been at the forefront of the generative AI revolution. Other vector database startups including Chorma and Weaviate have also raised millions from VCs.

Persons: —, Siri, Warby Parker, Matt Murphy, OpenAI, AI's, Murphy, Tim Tully, Tully —, Sana, Lindy, we've, Tully, Sam Altman's OpenAI, it's Organizations: Service, Valley's, Menlo Ventures, Business, Menlo, Cisco, Oracle, Meta, Google Locations: Snowflake, Anthropic

☆ Laid-off techies face 'sense of impending doom' with job cuts at highest since dot-com crash
▼ + stars: | 2024-03-15 | by ( Alex Koller | ) www.cnbc.com time to read: +12 min

Last month's job cut count was the highest of any February since 2009, when the financial crisis forced companies into cash preservation mode. CNBC spoke to a dozen people who have been laid off from tech jobs in the past year or so about their experiences navigating the labor market. Additionally, some listings required applicants to have advanced degrees or professional experience in machine learning and artificial intelligence, a new development in Croisant's experience on the job market. "It is a combination of how well you brand yourself, about your access through networking to any given position — to the hidden job market." Still, Powers said she's trying to stay optimistic, "because giving up is not going to get me a job."

Persons: Ed Jones, Allison Croisant, Croisant, Roger Lee, Layoffs.fyi, Lee, I'm, Powers, who's, Tayfun, Christopher Fong, Fong, Michael Kascsak, Kascsak, It's, Lee of Layoffs.fyi, Amit Mittal, Amit Mittal Amit Mittal, Mittal, he's, Bill Vezey, —, Vezey, She's, would've, she's, Jennifer Elias Organizations: Afp, Getty, PayPal, Meta, Microsoft, eBay, Unity Software, SAP, Cisco, Wall, CNBC, Google, Anadolu Agency, Nationwide Locations: New York, Omaha , Nebraska, Comprehensive.io, Natchez , Mississippi, View , California, United States, Austin , Texas, U.S, who's, India, Chicago, Santa Cruz , California

☆ Nvidia could be worth $6 trillion if it follows Cisco's dot-com trajectory, says Jeremy Siegel
▼ + stars: | 2024-03-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Nvidia stock could triple if it follows Cisco's path during the dot-com bubble, Jeremy Siegel said. AdvertisementNvidia could triple in value to become the world's first $6 trillion-plus company if it follows Cisco's trajectory during the dot-com bubble, Jeremy Siegel said. It's now worth $2.3 trillion, propelling it past Amazon and Alphabet and leaving only Microsoft ($3.1 trillion) and Apple ($2.7 trillion) ahead. "There could be 2-3x more upside in Nvidia if it follows Cisco's valuation path to its peak," Siegel said. Advertisement"Now we emphatically do not have 1999-2000 levels of speculation in the markets or tech," Siegel said.

Persons: Jeremy Siegel, Wharton, —, It's, Siegel, Wood Organizations: Apple, Microsoft, Service, Nvidia, Cisco, Federal Reserve Locations: —

☆ World Wide Web turns 35: Tim Berners-Lee gives predictions for future
▼ + stars: | 2024-03-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +10 min

Tim Berners-Lee is credited with inventing the World Wide Web in 1989. These are just some of the predictions for the future of the web from the inventor of the World Wide Web, Tim Berners-Lee, on the 35th anniversary of its invention. Tim Berners-Lee Inventor, World Wide WebBerners-Lee got to continue working on his idea for this information sharing system, and by 1991, the World Wide Web was up and running. When Tim Berners-Lee started work on the World Wide Web 35 years ago, he had no idea it was about to become the ubiquitous force it is today. Tim Berners-Lee Inventor, World Wide Web

Persons: Tim Berners, Lee, Rita Franca, Berners, Fabrice Coffrini, of Berners, Robert Blumofe, Akamai, Blumofe, we'll, Sebastian Derungs, you'll, Chintan Patel, Patel Organizations: CERN, CNBC, AFP, Getty, Microsoft, Samsung, Galaxy, Massachusetts Institute of Technology, Google, Apple, Afp, Forte Ventures, Akamai, Glasswing Ventures, Cisco, Big Tech, Digital Markets Locations: Swiss, London, Berners, U.S

☆ ChatGPT uses 17,000 times the amount of electricity than the average US household does daily: report
▼ + stars: | 2024-03-10 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

ChatGPT uses more than half a million kilowatt-hours of electricity daily, The New Yorker reported. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The publication reported that the average US household uses around 29 kilowatt-hours daily. Dividing the amount of electricity that ChatGPT uses per day by the amount used by the average household shows that ChatGPT uses more than 17 thousand times the amount of electricity. "You're talking about AI electricity consumption potentially being half a percent of global electricity consumption by 2027," de Vries told The Verge.

Persons: —, buzzy, Alex de Vries, de Vries, Vries, OpenAI Organizations: Yorker, Service, New Yorker, Dutch National Bank, Joule, Big Tech, Nvidia —, Cisco, New Street Research, CNBC, Samsung, Microsoft, Consumer Energy Solutions Locations: New, Kenya, Guatemala, Croatia

☆ Tech guru Cathie Wood says Nvidia is the Cisco of the AI boom and warns its growth may falter
▼ + stars: | 2024-03-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Cathie Wood's outlook for Nvidia is slower growth, weaker demand, and fiercer competition. Wood has cut her exposure to Nvidia as she believes the market's hopes may be overblown. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementCathie Wood has sounded the alarm on Nvidia, warning its spectacular growth is likely to slow, and comparing its stock surge to Cisco during the dot-com bubble. Indeed, Nvidia stock has soared almost 90% this year, boosting the company's market capitalization to more than $2 trillion.

Persons: Wood, —, Cathie Wood, hasn't, Tesla, Jensen Huang, Sam Yeh Organizations: Nvidia, Ark, Service, Cisco, Ark Invest, Oracle, AMD, Getty, Apple Locations: AFP

☆ Vineyards Use AI, IoT Tools to Make Wine Effectively, Sustainably
▼ + stars: | 2024-03-07 | by ( Bella Sayegh | ) www.businessinsider.com time to read: +10 min

The company's president and winemaker, Chris Kajani, wanted to stay connected with customers and distributors amid shutdowns and social-distancing practices. AdvertisementIn March 2020, Kajani started reworking her operations, hosting virtual tastings, keeping in contact with members of the vineyard's wine club, and meeting with distribution partners using a Cisco videoconferencing platform. Chris Kajani, the winemaker and president of Bouchaine Vineyards, is using technology to improve harvesting. Jyotsna Bhamidipati for BIRemy, a former wine technical consultant, said that buying wine without knowing what's good can be overwhelming. AI-powered tools are making headway in the commercial wine market by helping vineyards find optimal wine blends.

Persons: Chris Kajani, Kajani, Vintners, McClenehan, Alexandre Remy, Remy, Jyotsna, Vaughn Walton, Walton, Piper, Pied Piper, Katerina Axelsson, Axelsson Organizations: Cisco, Bouchaine, Atlas Wine, Oregon Wine Research, Oregon, University's Oregon Wine Research Institute, OSU, BI Remy Locations: Napa , California, Bouchaine, Somerset , California, Oregon, California, America, Walton

☆ Tesla's value has slumped by $234 billion this year — that's more than McDonald's, Disney, or Nike are worth
▼ + stars: | 2024-03-07 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Tesla's market value has tumbled $234 billion this year, or more than McDonald's or Disney are worth. Elon Musk's EV maker is close to losing more value than Netflix or Coke's entire market caps. AdvertisementTesla's market value has plunged by an astounding $234 billion this year — that's considerably more than McDonald's ($212 billion), Disney ($202 billion), and Cisco ($199 billion) are worth. That decline is close to the entire market caps of Netflix ($259 billion) and Coca-Cola ($257 billion), and larger than the entire market value of American Express ($158 billion) and Nike ($148 billion). It's also worth noting that Tesla is still worth more than 10 times the value of either General Motors ($46 billion) or Ford ($49 billion).

Persons: —, It's, He's, LVMH's Bernard Arnault, Jeff Bezos, Tesla, Musk, hasn't, Ross Gerber Organizations: Elon Musk's, Netflix, Service, Disney, Cisco, American Express, Nike, FedEx, Bloomberg, Motors, Ford Locations: China

☆ America's CEOs are suddenly feeling a lot better about the economy
▼ + stars: | 2024-03-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Optimism about the economy spiked among US CEOs to start the yearBusiness Roundtable's quarterly CEO sentiment report jumped by 11 points in the first quarter. The report also showed CEOs expect hiring, capital investment, and sales to all increase in the coming six months. The University of Michigan consumer sentiment report showed Americans' mood improving to start the year, climbing to its highest mark since July 2021. AdvertisementA special question in the latest survey from the business group in this quarter's survey showed that CEOs are feeling downbeat about government policy and regulation. We urge policymakers to recommit themselves to promoting economic growth, creating more American jobs and increasing economic mobility," Business Roundtable CEO Joshua Bolten said.

Persons: —, Chuck Robbins, Joshua Bolten Organizations: Service, Business, Cisco, IMF, University of Michigan Locations: U.S

☆ Diversify your AI plays — these are the best alternatives to Nvidia, fund managers say
▼ + stars: | 2024-03-06 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Nvidia may have enjoyed a red-hot run on the back of the artificial intelligence craze, but many other tech stocks have also benefited. CNBC Pro speaks to fund managers to find out the best alternatives to Nvidia that investors can consider. ASML will also continue to benefit "because without ASML there's no TSMC, without TSMC there's no Nvidia," Cvetanovski said. Ray Wang, principal analyst and founder of Constellation Research, also named TSMC, saying that it "always wins." Super Micro Computer Meeks, who is co-chief investment officer at Harvest Portfolio Management, says Super Micro Computer is his favorite alternative AI stock to play right now.

Persons: Paul Meeks, Taiwan's TSMC, TSMC, Cvetanovski, ASML, Ray Wang, Vertiv, Meeks, astronomically, Wang, Meta —, Sam Altman's Organizations: Nvidia, Veteran, CNBC Pro, Tech, CNBC, Semiconductors, Sydney, Pella Funds Management, Generations Fund, Devices, Constellation Research, AMD, Portfolio Management, Microsoft, Big Tech, Cisco, Meta, Google Locations: Pella, United States

☆ Ray Dalio says the U.S. stock market 'doesn't look very bubbly'
▼ + stars: | 2024-02-29 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Billionaire investor Ray Dalio believes that the U.S. stock market is not in a speculative bubble. "When I look at the U.S. stock market using these criteria, it — and even some of the parts that have rallied the most and gotten media attention — doesn't look very bubbly," he said in a new LinkedIn post published Thursday. .SPX 1Y mountain S & P 500 The S & P 500 is wrapping up its fourth winning month after hitting a new all-time high on the back of continued enthusiasm surrounding artificial intelligence. Dalio said the valuation of the Mag 7 names are slightly expensive but not excessively so. Nvidia's two-year forward price-to-earnings ratio is around 37 today, while Cisco's multiple hit 100 at the height of the internet bubble, Dalio noted.

Persons: Ray Dalio, Dalio Organizations: Bridgewater, LinkedIn, Cisco

☆ These big Nasdaq stocks are trading at bargain-basement valuations
▼ + stars: | 2024-02-29 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Equities may be trading near their record highs, but there are still opportunities to buy some stocks at bargain-basement prices. To meet this criteria, the stocks had to have a trailing 12 month price-to-earnings ratio less than their five-year average. Additionally, the names also had to have a forward price-to-earnings ratio for the next 12 months that was below the Nasdaq-100's current 17.6. Here are the names that made the cut: PayPal , which has a forward price-to-earnings ratio of 12, was one name that made the list. Also on the list of stocks was pharmaceutical maker AstraZeneca , which has a forward price-to-earnings ratio of 13.7.

Persons: Dr Pepper, Kraft Heinz, —, Fred Imbert Organizations: Nasdaq, Dow Jones, CNBC Pro, PayPal, Research, Argus, AstraZeneca, Deutsche Bank, Cisco, Diamondback Energy

☆ A former software engineer who's betting on leading AI stocks at a $1.6 trillion firm says pullbacks will be incredible buying opportunities, and shares 6 under-the-radar picks
▼ + stars: | 2024-02-28 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Despite dashed hopes of early rate cuts, growth stocks like Nvidia continue to make new highs. "And here we are today: we've got Apple at multi-trillion dollars, Microsoft at multi-trillion dollars, Nvidia at multi-trillion dollars, and Google at over a trillion dollars." Snowflake (SNOW) helps businesses wrangle their data and build models from that data for multiple purposes, including AI. GitLab (GTLB) is an open-code platform with over a million paid users and programmers who can use AI tools to help with coding. Still, they collect customer data, and they help companies talk to their customers in a relevant and direct manner.

Persons: Jonathan Curtis, Franklin Templeton, Curtis, hadn't, ChatGPT, there's Organizations: Nvidia, Franklin Templeton Institute Global Investment Management Survey, Business, Franklin Equity Group, Apple, Microsoft, Google, Cisco, Meta, Semiconductor, Power Systems, AMD, Arista Networks

☆ 'This is the year of AI,' says Cisco CEO
▼ + stars: | 2024-02-27 | 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 Email'This is the year of AI,' says Cisco CEOChuck Robbins, CEO of Cisco, discusses AI, the partnership with Nvidia and the chips cycle at the Mobile World Congress in Barcelona.

Persons: Chuck Robbins Organizations: Cisco, Nvidia, Mobile Locations: Barcelona

☆ Dealmaking is showing signs of life, but it comes with some downsides
▼ + stars: | 2024-02-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at why M&A could be staging a comeback and which bankers made the most of 2023 . The big storyDealmaker's delighttatomm/iStock, Tyler Le/BIThree monster deals announced in less than a week has Wall Street wondering: Is M&A back? But after a dreadful 2022 and 2023, dealmaking is showing signs of life, Business Insider's Theron Mohamed writes. Capital One, Truist, and Walmart announced acquisitions totaling $53 billion this week, leaving bankers hopeful the good times (and fees) are back. Deals represent an exit opportunity for companies, giving their investors (some of whom are employees) a chance to cash out.

Persons: Tyler Le, Theron Mohamed, Biden, Alex Morrell, Reed Alexander, Alyssa Powell, Emily Stewart, Wall, it's, M, Getty, Jenny Chang, Rodriguez, Jensen Huang, Goldman Sachs, Carlos Delgado, Associated Press Rivian, Rivian, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Federal Reserve, Walmart, Activision Blizzard, ExxonMobil, Cisco, Acquisitions, Activision, Wall Street, Big Tech, Nvidia, ING, Microsoft, Associated Press, BI, Google, Walgreens, Sunshine State, CVS, Intuit, Nestle, Square Locations: Europe, Florida, VillageMD, New York, London

☆ Nvidia CEO climbs billionaire list as company stock price skyrockets
▼ + stars: | 2024-02-22 | by ( Jennifer Korn | ) edition.cnn.com time to read: +3 min

CNN —Nvidia CEO Jensen Huang’s wealth saw a major boost on Thursday as the company he cofounded in 1993 surged in value. Huang, 61, is now worth an estimated $68.1 billion, passing Charles Koch and rapidly gaining on members of the Walton family, who own Walmart, which has a roughly $471 billion market cap. Huang has been at the helm of Nvidia since its beginning, serving as co-founder, CEO, president and board member. Shares of AMD (AMD) were 11% higher on Thursday and Microsoft (MSFT) rose 2%. But the company’s soaring stock price over the past year — shares grew around 230% in 2023 — means Nvidia is now deeply important to the broader market, too.

Persons: Jensen, Huang, Charles Koch, Walton, Elon Musk, Bernard Arnault, Jeff Bezos, Chris Malachowsky, Curtis Priem, Priem, Dan Morgan, Goldman Sachs, ” CNN’s Clare Duffy, Nicole Goodkind Organizations: CNN, Nvidia, Bloomberg, Walmart, Elon, Oregon State University, Stanford University, Devices, Wall Street, AMD, Microsoft, IBM, Synovus Trust Company, Google, Cisco Locations: Malachowsky

☆ 42-year-old spent $1,000 to launch her Amazon side hustle—now it brings in $33,000 a week
▼ + stars: | 2024-02-21 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Jenny Woo, 42, brought in more than $1.71 million in 2023 revenue by selling EQ card games on Amazon. She was working on her master's degree in education at Harvard University, learning about emotional intelligence and child development. Woo spent roughly $1,000 from her savings to launch her side hustle, Mind Brain Emotion, in 2018. A million-dollar ideaWhen budget cuts hit the school, Woo was laid off. A month before graduating from the Harvard program, Woo launched a Kickstarter campaign for the deck with a $1,500 goal.

Persons: Jenny Woo, Woo, —, it'd Organizations: Harvard University, Amazon, CNBC, University of California, Berkley, Cisco, Harvard, Harvard Innovation Labs Locations: Irvine, Southern California, Boston

☆ AI boom drove Nvidia profits up 580% last year
▼ + stars: | 2024-02-21 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

That result helped bring the company’s full-year profits up more than 580% from the year earlier. Nvidia also posted fourth quarter revenue gains of 265% year-over-year, also exceeding analyst projections, as the company continues to ride the wave of massive AI investment. And US restrictions introduced last year on exports of advanced AI chips to China, which affected products like Nvidia’s H800 and A800 chips, threaten to choke off access to a massive and fast-growing market. Still, others on Wall Street believe the company still has plenty of room to run. “The outlook for Nvidia is positive as AI chip competition from Intel, AMD, Meta and Microsoft could be months away while demand for Nvidia chips is only surging,” Insider Intelligence senior analyst Gadjo Sevilla said in a note earlier this week.

Persons: Jensen Huang, Dan Morgan, Goldman Sachs, Nvidia’s, China “, ” Morgan, Gadjo Sevilla Organizations: New, New York CNN, Nvidia, Wall Street, IBM, Microsoft, Synovus Trust Company, Google, Cisco, Intel, AMD, Meta, ”, Intelligence Locations: New York, China

☆ Here are Thursday's biggest analyst calls: Apple, Nvidia, Snowflake, Coinbase, Skechers, Tesla, Berkshire Hathaway & more
▼ + stars: | 2024-02-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Thursday's biggest calls on Wall Street: Macquarie downgrades Sony to neutral from buy Macquarie said it sees a more balanced risk/reward for the entertainment company. "With Sony near our target price and market expectations at risk given lacklustre FY3/25 guidance, we are downgrading to Neutral." Deutsche Bank reiterates Rocket Lab as a top pick Deutsche said it's standing by its bullish status on the space company. " Bank of America initiates Super Micro as buy Bank of America said the server and storage solutions company is an AI beneficiary. Bank of America reiterates Uber as buy Bank of America said it's feeling more bullish after the company's investor day.

Persons: Macquarie, Davidson, DA, Piper Sandler, Piper, KeyBanc, Evercore, Skechers, Price, Bernstein, underperform Bernstein, Redburn, Eastman, Morgan Stanley, Wells, Morgan Stanley downgrades, Guggenheim, Generac, Uber, Tesla, KBW, Berkshire Hathaway Organizations: Macquarie, Sony, JPMorgan, Deutsche Bank, Deutsche, Nvidia, Citi, FedEx, Apple, HSBC, GE Healthcare, GE, Crypto, UBS, Downside, Eastman Chemical, Comcast, Cisco, Cliffs, Steel, " Bank of America, Air Products, of America, Linde, Bank of America, Micro, Inc, Guggenheim, Mizuho, Energy, BMO, CNBC, & $ Locations: Nashville, China, Morgan Stanley downgrades Cleveland

☆ Momentum is not on Cisco's side, says Matthew Niknam
▼ + stars: | 2024-02-15 | 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 EmailMomentum is not on Cisco's side, says Matthew NiknamMatthew Niknam, Director of Equity Research at Deutsche Bank, discusses earnings from Cisco.

Persons: Matthew Niknam Matthew Niknam Organizations: Equity Research, Deutsche Bank, Cisco

☆ 10 things to watch in the stock market Thursday as Wall Street tries for back to back gains
▼ + stars: | 2024-02-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Club name Nvidia price target boosted to $850 per share at Piper Sandler ahead of next week's quarterly earnings report. The analysts say the valuation disconnect with Club stock Linde is "unwarranted" but sometimes it's better to pay up for quality. Ulta Beauty added to Analyst Focus List at JPMorgan, which raises its price target to $600 per share from $535. 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: Piper Sandler, Morgan Stanley, Twilio, Jim Cramer's, Jim Cramer, Jim Organizations: Nvidia, Cisco Systems, Cisco, Dow, JPMorgan, bitcoin, Nasdaq, Products, Bank of America, Linde, US Steel, GE Healthcare, Deere, Jim Cramer's Charitable, CNBC Locations: Cleveland

☆ CNBC Daily Open: A bumpy ride to beating inflation
▼ + stars: | 2024-02-15 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street reboundsU.S. stocks climbed on Wednesday as Wall Street rebounded modestly from the previous session when hotter-than-expected inflation data tanked stocks. [PRO] Berkshire Hathaway's secret betsWarren Buffett's Berkshire Hathaway once again asked regulators to keep its new stock buys a secret.

Persons: Jerome Powell, Dow, Andrew Amolis, that's, Warren Buffett's Berkshire Hathaway Organizations: Federal Reserve, New York Stock Exchange, CNBC, Nasdaq, Henley & Partners, Wealth, Cisco, Berkshire Hathaway's Locations: New York City, U.S, Omaha

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