DIRS.INFO The most relevant business & tech news

☆ Stocks are approaching a 'watershed' moment as rate cuts unlock opportunity in unloved areas of the market, Wharton professor Jeremy Siegel says
▼ + stars: | 2024-07-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The stock market is about to see a major shift once the Fed cuts rates, Jeremy Siegel said. The top economist thinks value stocks could start outperforming growth stocks once the Fed eases policy. Cooling inflation data supports a Fed rate cut by September, Siegel predicted. The Wharton School finance professor pointed to opportunity lurking in value stocks, an unloved group of the market that's underperformed this year when compared to growth stocks. Growth stocks have outperformed partly due to Wall Street's AI craze, which has ignited investor fervor for growth stocks, like mega-cap tech firms.

Persons: Jeremy Siegel, Siegel, —, Powell Organizations: Service, Wharton School, CNBC

☆ Lorusso: Volatility is concerning but not enough to change bullishness
▼ + stars: | 2024-07-29 | 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 EmailLorusso: Volatility is concerning but not enough to change bullishnessVince Lorusso, President and CEO of Clough Capital, discusses earnings season and mega-cap tech.

Persons: Vince Lorusso Organizations: Clough Capital

☆ Meet the typical social-media influencer: They make less than $100,000 a year and juggle other jobs
▼ + stars: | 2024-07-29 | by ( Shriya Bhattacharya | Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

A survey of over 2,000 content creators conducted by the influencer marketing agency NeoReach last year found that 48% of creators earned less than $15,000 a year. Since the money that influencers make sometimes isn't enough to sustain their lifestyles, they balance content creation with other jobs. AdvertisementThe typical US-based influencer is likely to be making less than six figures and creating content part-time, according to research, surveys, and influencer interviews. Most of these creators have smaller audiences, according to former influencer marketer Emmy Petit, who is now a full-time influencer. "The idea of full-time content creation is often more glamorous than reality," Mitchie Nguyen, a content creator based in New York, previously told BI .

Persons: —, NeoReach, Colin Rocker, IZEA, influencers, Jessica Ufuoma, Johnson, Jasmine Enberg, Emarketer, Anushka, Petit, Nadya Okamoto, MrBeast, Mitchie Nguyen, Enberg, TikTok Organizations: Service, YouTube, Business, Deloitte, Johnson, Influencer League Locations: Hong Kong, New York

☆ Biden's plan to reform the Supreme Court is already 'dead on arrival'
▼ + stars: | 2024-07-29 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +6 min

Read previewJoe Biden's pitch to reform the Supreme Court is off to a rough start. House Speaker Mike Johnson has already sworn to fight the Biden administration's proposal to rein in the Supreme Court, calling it "dead on arrival." The GOP has largely supported the Supreme Court's conservative majority, and has rebuked Democrats' attempts to limit its power. Term limits and a new code of conductBiden's plan for the Supreme Court includes term limits that would mean a new justice was chosen every two years. With powerful Republicans like Johnson already pushing back, getting all three of Biden's proposals implemented in the Supreme Court looks like a losing battle.

Persons: —, Joe, Mike Johnson, Biden, Joe Biden's, Donald Trump, Clarence Thomas, Samuel Alito, Thomas, Trump, Johnson, Biden's, Harris, Republican trifectas, Democratic trifectas, Kamala Harris Organizations: Service, House, Business, Trump, GOP, Supreme, Biden, Harris Administration, Republican, Democratic, The Washington Post Locations: New York

☆ Monday, July 29, 2024: Cramer breaks down why the Club trimmed this life science stock
▼ + stars: | 2024-07-29 | by ( ) www.cnbc.com time to read: 1 min

Monday, July 29, 2024: Cramer breaks down why the Club trimmed this life science stockJim and Jeff discuss the stock moves for this mega cap tech stock. They also talk about trimming this life science stock. Finally, they break down the recent film success of this media stock.

Persons: Cramer, Jeff

☆ Francine Pascal, Creator of ‘Sweet Valley High’ Book Series, Dies at 92
▼ + stars: | 2024-07-29 | by ( Clay Risen | ) www.nytimes.com time to read: +1 min

Francine Pascal, a former soap-opera scriptwriter from Queens who conjured up an entire literary universe among the blue-eyed cheerleaders and square-jawed jocks of suburban Los Angeles, most notably in her long-running and mega-best-selling “Sweet Valley High” series of young-adult novels, died on Sunday in Manhattan. Her daughter Laurie Wenk-Pascal said the death, at NewYork-Presbyterian Hospital, was caused by lymphoma. With covers instantly recognizable by their varsity-style lettering and soft-focus illustrations, “Sweet Valley High” books enraptured a generation of teenage readers with the lives of Elizabeth and Jessica Wakefield, identical twins attending high school in the fictional Los Angeles suburb of Sweet Valley. The twins are “the most adorable, dazzling 16-year-old girls imaginable,” Ms. Pascal told People magazine in 1988. They, and the books, are also strikingly innocent: Even as the thoughtful Elizabeth and the scheming Jessica clash over boys, friends and spots on the cheerleading team, drugs, alcohol and sex barely permeate the 181 titles in “Sweet Valley High,” or the scores of others in the spinoffs — and the spinoffs of spinoffs — from the series.

Persons: Francine Pascal, Laurie Wenk, Pascal, Elizabeth, Jessica Wakefield, Ms, Jessica Organizations: Presbyterian Hospital Locations: Los Angeles, Sweet, Manhattan, NewYork, Sweet Valley

☆ Elon Musk says he's not giving Trump $45 million. But that it was even a possibility underscores democracy's biggest problem: money.
▼ + stars: | 2024-07-28 | by ( Katie Balevic | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCould $45 million a month be enough to help push a controversial presidential candidate back into the White House? "There are also Democratic super PACs and Democratic mega-donors, and those donors have been very involved recently." Moreover, the existing rules governing contact between super PACs and candidates are "incredibly porous" and "go largely unenforced," Weiner said. Democrats have twice introduced the Freedom to Vote Act, which would have included campaign finance reforms and was widely considered pro-voter.

Persons: —, Elon Musk, Donald Trump, Musk, Daniel Weiner, Brennan, Weiner, Barack Obama, Obama, Peter Thiel, JD Vance's Organizations: Service, Business, Democratic, Citizens, Republicans Locations: United States

☆ Earnings playbook: Your guide to the busiest week of the season, including Microsoft and Apple
▼ + stars: | 2024-07-28 | by ( Fred Imbert | ) www.cnbc.com time to read: +4 min

Of those names, 78% have beaten earnings expectations. Tuesday Advanced Micro Devices is set to report earnings after the bell. Thursday Apple is set to report earnings following the market close. This quarter: Expectations are muted around the tech giant, with analysts forecasting just 6% year-over-year earnings growth, according to LSEG data. This quarter: Analysts polled by LSEG see earnings growth of more than 55% for Amazon.

Persons: Ruben Roy, Jefferies, AAPL, Baird, Will Power, AMZN, LSEG, Brian Pitz, 120bps Organizations: Microsoft, Devices, Apple, Google, CNBC, AMD, LSEG, GPU, ISI, Apple Intelligence, Amazon, BMO

☆ 14 earnings, jobs and the Fed are what we're watching in the market this week
▼ + stars: | 2024-07-27 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

As for Club earnings, we got positive results from life sciences company Danaher and industrial firm Dover. Ford was a major disappointment and its nearly 20% stock drop for the week was the worst performer in the portfolio. In the week ahead, it's going to be another big week of earnings with the four mega-cap names and 10 other Club names set to report. Linde : We're looking for more of the same — steady earnings growth; 6% is the Street estimate. End market commentary will also help us better formulate our view of the economy — and in turn the stock market.

Persons: Russell, Jerome Powell's, Ford, Stanley Black, Decker, We're, we'll, Elliott, we've, We'll, Kraft Heinz, Vita Coco, COCO, Lam, SIRI, WEN, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Nasdaq, Dow, Communication, Honeywell, YouTube, Procter & Gamble, Devices, Microsoft, Starbucks, GE Healthcare, DuPont, Meta, Apple, Coterra Energy, Linde, Silo AI, Elliott Management, GE HealthCare, Amazon, Apple Intelligence, U.S, Labor, Fed, Networks, Procter, Gamble, PayPal, Pfizer, BP, JetBlue Airways, Merck, Solar Inc, Caesars Entertainment, Electronic Arts, EA, Nation Entertainment, Boeing, Cruise, Mastercard, Teva Pharmaceutical, Hess Corp, Arm Holdings, Qualcomm, Lam Research, Western, eBay, EBAY, MGM Resorts, MGM, ConocoPhillips, Mobileye, Canada Goose Holdings, Hershey, Toyota, Dominion Energy, Air Products & Chemicals, Southern Company, International, Coterra Energy Intel, Coinbase, Booking Holdings, LIN, Exxon Mobil, Chevron, LyondellBasell Industries, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: Dover, Eaton, Amazon, China, destocking, Corning, New York City

☆ Activist Trian has a few levers to pull to build shareholder value at Solventum
▼ + stars: | 2024-07-27 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Business: Solventum , formerly known as 3M Health Care, is a global health-care company that was spun out from 3M on April 1 . As a standalone company, Solventum has been under-covered and misunderstood by the market. There is also no shortage of examples of Trian being a valuable corporate governance-oriented investor and creating tremendous shareholder value from the board level. While Trian has a history of being an active shareholder, the firm has also created tremendous shareholder value as an engaged director. Moreover, if there is an opportunity to divest one or more businesses, shareholders would have comfort with a financially astute shareholder representative on the board to evaluate competing offers to assure the maximization of shareholder value.

Persons: Trian, Nelson Peltz, Peltz, Solventum, Pepper, Ingersoll Rand's, Russell, Ken Squire Organizations: Health, 3M, What's, Bloomberg, Dental Solutions, Information Systems, Electric plc, Kraft Foods, Dow, General Electric, GE, GE HealthCare, GE HealthCare Technologies, 13D Locations: Solventum

☆ A massive tech sell-off and small-cap rally are just getting started. Make 5 investments to avoid missing out.
▼ + stars: | 2024-07-26 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Small caps should also get a boost from interest rate cuts, which typically translate to disproportionately large gains for the group. That helps confirm what investors are realizing: small caps are the place to be. When large caps sneeze, the market catches a coldThe small-cap breakout has coincided with large technology stocks breaking down. Small caps also tend to have less of an international presence than their larger peers, so they don't miss out as much when converting overseas profits to dollars. The small-cap index is closely tied to economically sensitive parts of the market, which should continue to participate in this rally.

Persons: —, chartmaster, BMO Capital Markets David Keller, who's, Russell, David Keller, StockCharts.com, Keller, you've, he'd, Keller didn't Organizations: Service, Tech, Nvidia, Meta, Business, BMO Capital Markets, BMO Capital, BMO, Therapeutics, Myriad Genetics, Holdings

☆ I've visited dozens of all-inclusive resorts, but there's one in Mexico I can't wait to return to
▼ + stars: | 2024-07-26 | by ( Simone Paget | ) www.businessinsider.com time to read: +5 min

Read previewWhen it comes to all-inclusive vacations, I've seen it all — from mega resorts the size of small cities to sex-themed hotels where clothing is optional. Simone PagetAs someone who prefers quirky boutique hotels, the decor at all-inclusive resorts can often feel bland. Simone PagetThe resort offers things I've never seen anywhere else, like rooftop pickleball courts that glow in the dark at night. AdvertisementPlus, whether you're at the pickleball court or the pool, you're never far from your next margarita — it's always 5 o'clock somewhere. It's one of the best all-inclusive resort experiences I've had in years.

Persons: —, I've, I'm, Jimmy Buffett, Simone Paget, Margaritaville, Simone Paget Margaritaville, Lola's, that's, Simone Paget I, Joe Merchant's, margarita — it's, margarita Organizations: Service, Business Locations: Cancún, Mexico, Margaritaville, margaritas, —

☆ Here's how options traders are bullishly betting on a small-cap index as it overtakes mega-cap tech
▼ + stars: | 2024-07-26 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

The put is OTM because the strike price is below the spot price. Related storiesIf you have a bullish outlook on the IWM, you expect the share price to continue rising or at least not drop below the strike price. Picking the appropriate strike price is subjective and based on a trader's risk tolerance and the premium they're looking for. Tastylive, options chainSince options contracts are purchased in lots of 100, it could seem nerve-racking to think you may need to accept delivery of those shares. Worst-case scenario, you end up owning IWM shares at a cost below what you would have bought them for on the spot market, Dierking said.

Persons: Russell, Liz Dierking, Dierking, IWM, That's Organizations: Service, Nasdaq Locations: IWM

☆ Don’t help Russia evade sanctions, Ukraine tells Hong Kong
▼ + stars: | 2024-07-26 | by ( Nectar Gan | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Ukraine’s Foreign Minister Dmytro Kuleba urged Hong Kong to prevent Russia from using the Asian financial hub to bypass Western sanctions during a visit to the city on Thursday. Kuleba “called on the Hong Kong administration to take measures to prevent Russia and Russian companies from using Hong Kong to circumvent the restrictive measures imposed for Russia’s aggression against Ukraine,” according to a statement from Ukraine’s Foreign Affairs Ministry issued after the minister met with Hong Kong leader John Lee. “These restrictive measures are necessary to weaken Russia’s capacity to wage war and kill people in Ukraine,” it added. In a statement, a spokesperson for the Hong Kong government told CNN on Friday that it “implements and strictly enforces” United Nations Security Council (UNSC) sanctions. However, international companies based in Hong Kong, including Chinese banks, have generally adhered to US sanctions to avoid any risk of being frozen out of the dollar dominated global financial system.

Persons: Hong Kong CNN —, Dmytro Kuleba, “, Hong, John Lee, Hong Kong, Wang Yi, ” Kuleba, Wang Organizations: Hong Kong CNN, Hong Kong CNN — Ukraine’s, European Union, Hong, Ukraine’s Foreign Affairs, CNN, ” United Nations Security Council, UN, Assembly, UNSC, EU, Ukrainian Foreign Ministry, Kyiv, Beijing Locations: China, Hong Kong, Russia, United States, Ukraine, Russian, United Kingdom, Hong, Beijing, Moscow, Western, Guangzhou, Ukrainian

☆ Disney is among the most oversold stocks on Wall Street. Here are the others
▼ + stars: | 2024-07-26 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Several companies appear oversold this week and could be due for a rebound after a wild week on Wall Street. Stocks with a 14-day RSI reading below 30 often indicate that it's oversold, with a potential rebound possible ahead for the company's shares. Here are some of the most oversold names: Dexcom is the most oversold stock of the list, with a 14-day RSI of 11.6%. Wells Fargo recently reiterated its overweight rating on Disney and its $136 price target, which implies shares could gain 52.4%. That's driven the stock's RSI to more than 81.

Persons: —, Walt Disney, Wells Fargo, we're, Steven Cahall, Wall, Sara Senatore, Senatore, FactSet, LSEG, Myers Squibb, Northrop Organizations: Nasdaq, CNBC, Stock, Entertainment, Walt, Disney, DIS, Media, " Bank of America, Mohawk Industries, RSI, Northrop Grumman, Citizens Financial Group Locations: Bristol

It sounded like a story ripped from a narco thriller: One of the biggest drug lords in Mexico was lured onto an airplane, flown across the border and presented to American federal agents by the son of his former partner in crime. As improbable as it may seem, that is exactly what appears to have happened on Thursday evening, when a Beechcraft King Air turboprop landed at a small municipal airport outside El Paso, and off stepped one of the most wanted men in Mexico: Ismael Zambada García, a founder of the notorious Sinaloa drug cartel. Mr. Zambada García, known as El Mayo, had for decades evaded capture by both Mexican and American officials, living a life of luxurious simplicity in the mountains of Sinaloa — despite the $15 million U.S. bounty on his head. But in the end, U.S. officials said, he was betrayed by an unlikely foe: a son of his closest criminal ally, Joaquín Guzmán Loera, the infamous drug lord known as El Chapo, who is now serving a life sentence in an American federal prison.

Persons: Ismael Zambada García, Zambada García, Sinaloa —, Joaquín Guzmán Loera, El Chapo Organizations: Beechcraft King Air Locations: Mexico, El Paso, Sinaloa, El Mayo, U.S

☆ Stock market today: Dow soars 654 points as traders celebrate inflation data
▼ + stars: | 2024-07-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Encouraging inflation data stoked optimism that the Federal Reserve can cut interest rates in September. That changed Friday, as encouraging inflation data injected new life into the rally. Advertisement"Next week we expect [Fed Chair Jerome] Powell to set the table for future rate cuts, speaking confidently about progress bringing inflation down. According to the CME FedWatch Tool, the market no longer expects the Federal Reserve to keep rates steady in September. The market also forecasts high chances that the Fed will slash rates by up to 75 basis points through December.

Persons: Russell, —, Jerome, Powell, David Donabedian, Chris Zaccarelli, Dexcom Organizations: Federal, Service, PCE, CIBC Private Wealth, Reserve, Independent, Alliance Locations: Here's, –

☆ Expect volatility ahead until mega cap tech rebalances, says Data Trek's Nick Colas
▼ + stars: | 2024-07-26 | 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 EmailExpect volatility ahead until mega cap tech rebalances, says Data Trek's Nick ColasNick Colas, Data Trek Research co-founder, joins 'Closing Bell' to discuss stocks, the recent pullback and his market outlook.

Persons: Nick Colas Nick Colas Organizations: Trek Research

☆ Stock market today: US stocks trade mixed as tech losses deepen and investors await PCE
▼ + stars: | 2024-07-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks gave back gains to trade mixed on Thursday amid more tech weakness. GDP grew 2.8% in the second quarter, according to advanced estimates from the Commerce Department, well-above the 2.1% growth economists had expected. PCE inflation rose 2.6%, down from the prior reading of 3.7%. Mega-cap tech stocks continued to slide after Tesla and Alphabet delivered disappointing results for the second quarter. Alphabet was down for a second day, dropping another 3% on Thursday.

Persons: —, Neil Dutta Organizations: PCE, Service, Dow Jones, Treasury, Commerce Department, Fed, Macro, Meta, Microsoft, Here's

☆ We're making lots of trades: 2 sales and 1 buy — plus, we're recommending 1 other buy
▼ + stars: | 2024-07-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

We're making a couple of small sales and a buy Thursday — trimming two positions currently benefiting from the broadening out trade and buying another on recent weakness. SWK YTD mountain Stanley Black & Decker YTD With earnings approaching and both stocks higher since their last reports, we're trimming these stocks just in case trends have not improved. On Stanley Black & Decker, we will realize a small loss of about 4% on stock purchased in the summer of 2023. 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: Jim Cramer's, Stanley Black, Decker, Linde, Eaton, there's, Jim Cramer, Jim Organizations: Linde, LIN, Stanley, Federal, Broadcom, CNBC Locations: Eaton, ETN, North America

☆ Elon Musk and Jeff Bezos are arguing again with their rival rocket companies. It's the latest in a 20-year feud.
▼ + stars: | 2024-07-25 | by ( Avery Hartmans | Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Musk said in 2021 that Bezos "does take himself a bit too seriously" and that he's intentionally trying to provoke the former Amazon CEO. Musk has said Bezos should "spend more time at Blue Origin and less time in the hot tub." Musk added that while Bezos has a "reasonably good engineering aptitude," he doesn't seem to be spending a lot of "mental energy" getting into the details. "As a friend of mine says, he should spend more time at Blue Origin and less time in the hot tub," Musk said. Bezos tweeted in April 2022, the month Musk announced his plans to buy the social media site.

Persons: Musk, he's, Jeff Bezos, Lauren Sanchez, Bezos, Tesla Organizations: Amazon, Financial Times, Twitter Locations: China

Neumann noted the latest Europol data showed “the number of attacks and planned attacks has more than quadrupled” since 2022. The apparent uptick in the recruitment of young radicals to carry out acts of terror comes as European security officials express worries at a potential resurgence of organized – or “directed” - terror attacks. The group has built a remarkable presence in Turkey over the past three years, according to court documents and analysts. Swiss police in March arrested a 15-year-old Swiss boy and a 16-year-old Italian boy for ISIS support and plotting bomb attacks, according to a police statement. Yulia Morozova/ReutersThe extent of ISIS-K’s use of Turkey as a transit hub is acknowledged by officials in the Turkish indictment.

Persons: Peter Neumann, Neumann, ”, ” Neumann, “, Lise Jaulin, Dilara Senkaya, “ Rustam, Rustam, Yulia Morozova Organizations: CNN, ISIS, Paris Olympics, King’s College London, MIT, Swiss, Analysts, Soviet Union, Turkish, Italian Santa Maria Catholic Church, Foreign Operations, Hall, Foreign Locations: Europe, West, Paris, Islamic, Khorasan, Central Asia, Turkey, Saint, French, France, Haute, Savoie, Dusseldorf, Heidelberg, Montenegro, Austria, Afghanistan, Tajikistan, Moscow, Italian, Istanbul, Swedish, Pakistan, Tajik, Iran, Russia, Crocus, Syria, Iraq

☆ Strong earnings from industrial AI play Dover prove the stock belongs in our portfolio
▼ + stars: | 2024-07-25 | by ( Jim Cramer | ) www.cnbc.com time to read: +8 min

Dover's active portfolio management and commitment to capital returns sweeten the investment case. Tobin said the moves will boost Dover's clean-energy portfolio and decrease its exposure to more cyclical capital equipment businesses. I think that what's doing better than planned as the margin performance of the business has just been exemplary through the quarter," Tobin said. Guidance Dover now expects adjusted full-year earnings per share between $9.05 and $9.20, up from its previous range of $9.00 to $9.15. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: —, Ingersoll Rand, Jim Cramer, Richard Tobin, Tobin, Encouragingly, It's, Marshall Excelsior, Demaco —, we've, That's, it's, DOV YTD, Dover, biopharma —, Danaher, he's, Jim Cramer's, DOV, Jim, Rafael Henrique Organizations: LSEG, IDEX Corp, Dover, Environmental Solutions Group, Engineered Products, Management, Solutions, Sustainability Technologies, Sustainability Tech, Environmental Solutions, CNBC, Getty Locations: Dover, Veralto, Michigan, biopharma

☆ Tom Lee says the rotation out of large caps is just beginning, small caps to surge 15% in August
▼ + stars: | 2024-07-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

The S & P 500 and Nasdaq Composite suffered their biggest one-day losses since late 2022, dropping 2.3% and 3.6%, respectively. The small-cap Russell 2000 was a relative outperformer, ending the day down 2.1%. The Russell is up 7.2% month to date, while the S & P 500 and Nasdaq have fallen 0.6% and 2.2%, respectively, during that time. "I think for the month of August small caps can do something more than 15% even, because they underperformed so dramatically. And the type of move we've seen just the last two weeks is something that only happens at the start of a pretty significant advance for small caps."

Persons: Tom Lee, Russell, Lee, Donald Trump, Trump, we've Organizations: Fundstrat Global Advisors, Nasdaq, Trump White House, Nvidia

☆ Honeywell drops on cuts to guidance. Here's why it may provide an opportunity
▼ + stars: | 2024-07-25 | by ( Zev Fima | ) www.cnbc.com time to read: +17 min

It also came in above the high end of management's guidance. But here's the root of Thursday's selling: Honeywell downwardly revised its full-year guidance for segment margin, earnings per share, and cash flow guidance. The changes are tied to the inclusion of previously closed and announced acquisitions, as well as a slower-than expected-rebound for short-cycle businesses. Unfortunately, despite some "pockets of short-cycle strength," other short-cycle businesses "are not accelerating as much as we had hoped," CFO Greg Lewis said on the call. But here's the root of Thursday's selling: Honeywell downwardly revised its full-year guidance for segment margin, earnings per share, and cash flow guidance.

Persons: Honeywell downwardly, Greg Lewis, Vimal, Lewis, abate, Jim Cramer's, Jim Cramer, Jim, Daniel Barry Organizations: Honeywell, Revenue, LSEG, Emerson, Aerospace Technologies, Management, Aerospace, Automation, Carrier's, Solutions, CAES Systems Holdings, Air Products, Industrial Automation, Energy, Sustainability Solutions, CNBC, Bloomberg, Getty Locations: UOP, Morristown , New Jersey

Search resuls for: "MEGA"

25 mentions found