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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple is showing no cuts to iPhone production, says Wedbush's Dan IvesWedbush Analyst Dan Ives joins 'Closing Bell' to discuss what's behind the rebound in iPhone demand, Apple's uptick from strong demand in China and the trajectory of the upgrade cycle.
Microsoft is the market's top software stock, thanks to its investment in ChatGPT, Credit Suisse said. That could add $40 billion in revenue and $2 in EPS over the next 5-plus years, analysts predicted. The expanded partnership spurred a steep rally in Microsoft stock last month, with the company's market capitalization jumping back to $2 trillion. Credit Suisse analysts predicted Microsoft could gain $40 billion in revenue and $2 in earnings per share over the next five-plus years. Microsoft poured $10 billion in its investment earlier this year, on top of an existing $1 billion.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors don't want a cookie cutter earnings call from Salesforce, says Wedbush's Dan IvesDan Ives, Wedbush Securities, joins 'Closing Bell' to discuss Salesforce and Snowflake ahead of earnings after the bell.
Bill Gates said in a podcast Google's search engine profits could fall as Microsoft moves into AI. Gates said AI is the "biggest thing in this decade" and could reshuffle the tech space. Microsoft unveiled an AI-powered Bing in a challenge to Google's search engine dominance. His comments came two weeks after Microsoft unveiled an AI-powered version of its Bing search engine, which pits itself as a challenger to Google's dominance in the search space. Just as Microsoft launched Bing, Alphabet — Google's parent company — also unveiled an AI service called Bard.
As my colleague Matthew Fox writes, the stock market has been completely flipped upside down so far in 2023. This is the type of trading behavior you'd expect to see when interest rates are closer to 0% than 5%. To Kolanovic, the errant investor behavior foreshadows a plunge in the stock market. US stock futures fall early Tuesday, as investors stay worried that persistent inflation means interest rates will stay higher for longer. SoFi's Liz Young warned that a lack of reserve funds could stop this year's stock market rally: "What the equity market is not pricing in at this point, or is not worried enough about, is consumer spending."
This is a seminal quarter for Coinbase, says Wedbush's Dan Ives
  + stars: | 2023-02-21 | 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 EmailThis is a seminal quarter for Coinbase, says Wedbush's Dan IvesDan Ives of Wedbush Securities joins 'Closing Bell' to discuss Coinbase stock ahead of the company's earnings announcement. He also looks at Palo Alto Networks.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is an A.I. arms race that's happening, says Wedbush's Dan IvesDan Ives of Wedbush Securities joins Frank Holland and the 'CNBC Special: Taking Stock' to discuss AI stocks. He also talks about shares of Palantir soaring today, what's behind the company's surge and the other companies that could benefit.
"It's a new day in search," Microsoft CEO Satya Nadella said Tuesday during an AI event held at the company's headquarters, saying that the "race starts today." So far, Microsoft is making significant headway within AI and rising in popularity in the tech world. Alphabet, he added, "got beaten to market by Microsoft" despite its investments in the space. Alphabet Microsoft may be taking the lead on AI in the near term, but investors shouldn't sleep on Alphabet just yet. "We believe GOOGL has the AI tech and scale to maintain/grow its leading user base," said Morgan Stanley's Brian Nowak in a Thursday note.
Lyft beats on top and bottom lines, guidance down
  + stars: | 2023-02-09 | 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 EmailLyft beats on top and bottom lines, guidance downCNBC's Deirdre Bosa joins 'Closing Bell: Overtime' to report on Lyft's earnings. Wedbush's Dan Ives reacts to the report.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLyft's earnings prove it's Uber's little brother, says Wedbush's Dan IvesDan Ives, Wedbush Securities, joins 'Closing Bell: Overtime' to discuss Lyft's earnings report and how the company compares to Uber.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Requisite's Bryn Talkington, Odyssey’s Jason Snipe and Wedbush's Dan IvesRequisite's Bryn Talkington, Odyssey’s Jason Snipe and Wedbush's Dan Ives join 'Closing Bell: Overtime' to discuss markets, the Fed and activist investing. The panel also reacts to Lyft and PayPal earnings.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWedbush's Dan Ives is bullish on Uber, expects good earnings from LyftDan Ives, Wedbush Securities, joins 'Closing Bell' to discuss upgrading Uber to outperform as well as how he feels about Lyft.
Wedbush's Dan Ives on Apple earnings: Much better than feared
  + stars: | 2023-02-02 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWedbush's Dan Ives on Apple earnings: Much better than fearedHightower’s Stephanie Link, CIC Wealth’s Malcolm Ethridge and Wedbush’s Dan Ives, join 'Closing Bell: Overtime' to weigh in on Apple's earnings.
Tesla beats on top and bottom lines
  + stars: | 2023-01-25 | 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 EmailTesla beats on top and bottom linesCNBC's Phil LeBeau joins 'Closing Bell: Overtime' to report on Tesla's earnings. Wedbush's Dan Ives reacts to the numbers.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings aren't as dismal as markets expected, says Hightower's Stephanie LinkRitholtz's Josh Brown, Hightower's Stephanie Link and Wedbush's Dan Ives, join 'Closing Bell: Overtime' to discuss earnings season for big tech and the broader markets.
I'm senior reporter Phil Rosen, here to ring in a pivotal Tesla earnings report with you this morning. But his wealth — and the wealth of his shareholders — could whipsaw today, depending on what comes across in a particularly important earnings report. But amid the bearishness (not to mention distractions from Twitter), Elon Musk's car maker is still a favorite on Wall Street. FactSet data shows that 64% of analysts give Tesla stock a "buy" or "overweight" rating. US stock futures fall early Wednesday, after Microsoft earnings delivered a bleak outlook that added to investors' worries about earnings growth.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Ritholtz's Josh Brown, Hightower's Stephanie Link and Wedbush's Dan IvesRitholtz's Josh Brown, Hightower's Stephanie Link and Wedbush's Dan Ives, join 'Closing Bell: Overtime' to discuss earnings season for big tech and the broader markets.
Today, I'm sharing a research note from one analyst who's eyeing a new bet to place against a corner of the stock market that offered refuge last year. He's talking about the S&P 500 Consumer Staples Sector SPDR Fund. In his view, the consumer staples sector, which served as a haven last year, presents a bubble about to burst. How much credence do you give to chart analysis for stock market outlooks? The stock market is about to be flipped upside down, according to Bank of America.
Tesla could rally 35% this year as its recent price cuts have already been a success in China, Wedbush's Dan Ives said. In a Wedbush survey, 70% of consumers in China said they were positively influenced by recent price cuts to purchase a Tesla. Plus, nearly 70% of those surveyed said they've been positively influenced to purchase a Tesla due to the recent price cuts. "Tesla's recent price cuts [are a] huge success story so far," Ives said in a note on Thursday. Last week, Ives said in a separate note that Tesla's price cuts were a sign the company is getting more aggressive as competition heats up in electric vehicles.
Tesla's price cuts will cause earnings to dive 25% this year, according to Loup's Gene Munster. "It's a win for consumers and Tesla's brand. Musk's cash-out and erratic behavior on the social media site are partly responsible for damaging Tesla's brand, Munster said. But he thinks the Tesla's image is now being repaired with price cuts, since the move will be favorable with Tesla's customers. Tesla is going to gain market share near term which has long term market share benefits as the EV market ramps," Munster tweeted.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft is becoming more of a cloud play, says Wedbush's Dan IvesWedbush's Dan Ives joins 'Closing Bell: Overtime' to discuss Microsoft and where he sees the stock headed from here. He has an outperform rating on the stock with a price target of $290.
While the meeting minutes don't tell us exactly what the Fed will do next month, generally they are worth paying attention to for hints into the thinking of central bankers. Shares fell further on Tuesday and Wednesday after a Nikkei report said demand for MacBooks, AirPods, and Apple Watches is weakening. But Loup Funds' Gene Munster said Apple stock should be worth double its current value, given that it's one of the world's greatest companies. What's your outlook for Apple stock this year? This hedge fund manager has returned 163% over the last year, and he's anticipating more pain to come for stocks.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailiPhone demand can withstand the dark macro picture, says Wedbush's Dan IvesDan Ives, Wedbush Securities, joins 'Closing Bell: Overtime' to offer his bullish case for Apple as the stock rebounds from its 52-week low. He also discusses Wedbush cut to the stock.
Wedbush's Dan Ives listed 10 steps for Elon Musk to take to turn Tesla stock around in the new year. Among the steps are naming a new CEO of Twitter by the end of January and Tesla stock buybacks. "The 50% growth target is not happening in our opinion, with 35%+ delivery growth a more hittable and realistic goal for 2023." Issue a Tesla stock buyback. "Right now very simply the fear is Twitter is bleeding money with advertisers fleeing (for now) which means more losses and therefore more Musk TSLA stock sales.
Tesla stock has endured seven consecutive losing sessions, and an eighth would mark its longest losing streak ever. After rallying early Wednesday, shares of Elon Musk's EV company gave up gains. Tesla has tumbled roughly 40% in December alone, and almost 70% year to date. On Tuesday, the stock tumbled 11% after Reuters reported that Tesla's Shanghai factory will extend its production slowdown through the end of January. Meanwhile, Tesla has proven to be the most profitable short bet this year, with traders doubling down on bearish plays.
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