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☆ The market for a particular vintage Barbie doll went haywire after Michael Cera's cameo in the 'Barbie' movie
  + stars: | 2023-07-28 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +2 min
Auction prices for Mattel's discontinued Allan doll spiked after the release of the new "Barbie" movie. Michael Cera plays the role of Allan in the new box-office hit, which raked in $155 million its opening weekend. A preowned Allan doll sold for $410 on eBay on Tuesday, while the price for another Allan doll reached $605 on Friday in an ongoing auction. That's a dramatic increase from Allan doll prices last Thursday before the release of the "Barbie" movie, which ranged from $35-$76, according to screenshots published by TMZ. The surge in prices has been sparked by renewed interest in Mattel's iconic dolls after the debut of the new "Barbie" movie last Friday.
Persons: Allan, Michael Cera, Michael Cera's, Oppenheimer Organizations: Mattel's, Service, eBay, TMZ, Mattel, billings Locations: Wall, Silicon, BoxofficePro
☆ Here are Thursday's biggest analyst calls: Apple, Rivian, Roku, Meta, Coinbase, Carvana, Boeing and more
  + stars: | 2023-07-27 | by ( Michael Bloom | ) www.cnbc.com   time to read: +5 min
Bank of America reiterates Roku as buy Bank of America said it's bullish heading into Roku earnings Thursday. Bank of America reiterates Mattel as buy Bank of America said it's standing by shares of Mattel after its earnings report, adding that "Barbie" should help drive toy sales. Bank of America upgrades Boeing to buy from neutral Bank of America said the worst for Boeing is behind it. Bank of America downgrades RTX to neutral from buy Bank of America downgraded the company formerly known as Raytheon and said it's concerned about slowing margins. Bank of America downgrades SunPower to underperform from neutral The firm said in its downgrade of the stock that it sees multiple headwinds.
Persons: Roku, it's, Needham, Rivian, Bernstein, KeyBanc, Morgan Stanley downgrades Carvana, Morgan Stanley, Jefferies, Estée Lauder, billings, Wells, Wells Fargo Organizations: . Bank of America, Bank of America, Apple, RBC, Owens, Mattel, Boeing, of America, downgrades, Pacific, Barclays, Raytheon, Labs Locations: China, Pacific
☆ Everyone's talking about the 'Barbie' movie – but the doll's sales are actually falling
  + stars: | 2023-07-27 | by ( Grace Dean | ) www.businessinsider.com   time to read: +3 min
Sales of Barbie dolls and related merchandise fell in the first half of 2023, Mattel execs say. This is despite the doll being catapulted back into the spotlight in Greta Gerwig's "Barbie" movie. But execs say July sales so far are higher than last year and the impact of the movie will last for years. Gross billings represent amounts invoiced to customers and don't include the impact of sales adjustments, such as trade discounts. Mattel said that despite gross billings for Barbie falling, sales for its Disney Princess, Disney Frozen, and Monster High franchises helped boost its dolls category overall.
Persons: Barbie, Greta Gerwig's, Gross, Mattel, billings, Anthony DiSilvestro, DiSilvestro, Mattel execs, Ynon Kreiz, Richard Dickson, we've Organizations: Mattel, Service, Disney Locations: Wall, Silicon, billings
☆ Why Americans making over $200,000 are flocking to Idaho and Montana
  + stars: | 2023-07-27 | by ( Noah Sheidlower | ) www.businessinsider.com   time to read: +4 min
Those states saw high net migration among those earning above $200,000, meaning more are moving in than out. Florida is one of just nine states without an income tax, and the weather and business opportunities have been major pulls for Americans. Idaho has seen a particularly accelerated rate of high-earners moving to cities such as Boise and Meridian. Texas had the second-highest total net migration with around 9,000, followed by North Carolina at over 5,400. California had a net migration loss of over 27,300 high-earners, while New York had a loss of nearly 20,000.
Persons: Thursday's Organizations: Service, California . Idaho and, Meridian . Idaho, US, Economic Innovation Group Locations: Idaho , Montana, Florida, . California, New York, Wall, Silicon, California . Idaho, California . Idaho and Montana, . Idaho, Boise, Meridian, Texas, North Carolina, South Carolina , Tennessee, Georgia, California, Illinois , Massachusetts, New Jersey, Washington, Thursday's —, Bozeman, Billings
☆ Mattel bets on Barbie revival, posts surprise quarterly profit
  + stars: | 2023-07-26 | by ( Savyata Mishra | ) www.reuters.com   time to read: +2 min
The California-based company also posted a surprise profit in the second quarter and its sales exceeded market expectations. The "Barbie" movie made a record-breaking debut in cinemas over the weekend, with $162 million in ticket sales in the United States and Canada. Mattel is slated to release a Disney Princess film later this year and another one in early 2024, with a Hot Wheels movie set for 2025. Kreiz said the "Barbie" movie's success will "serve as a template" for collaborations on other Mattel-owned intellectual property. Mattel maintained its full-year sales forecast, which it expects to be flat from last year, and adjusted profit per share between $1.10 and $1.20 per share.
Persons: America Ferrera, Margot Robbie, Maja Smiejkowska, Ynon Kreiz, Kreiz, Richard Dickson, Savyata Mishra, Pooja Desai Organizations: America, REUTERS, Mattel, Reuters, Disney, Thomson Locations: London, Britain, California, United States, Canada, billings, Bengaluru
☆ 'Barbie' buzz likely just a flash in the pan for toymaker Mattel
  + stars: | 2023-07-24 | by ( Savyata Mishra | ) www.reuters.com   time to read: +3 min
July 24 (Reuters) - The fanfare around Margot Robbie-starrer "Barbie" could jolt the iconic Mattel (MAT.O) doll's sales out of a year-long slump, but Wall Street thinks the party in pink will be short-lived. While Mattel will report second-quarter results on Wednesday, days after the theatrical release of the movie, analysts say the boost for Barbie sales will be most pronounced in the quarter ending Sept. 29 before tapering off. Retailers worldwide have also pitched in, with brands from Zara (ITX.MC) to H&M (HMb.ST) and Gap rolling out themed merchandise like Barbie hoodies, perfumes and toothbrushes. But its gross billings - or the amount invoiced to customers - fell behind Hot Wheels in the first quarter of 2023. Mattel's forward 12-month price-to-earnings multiple (P/E), a common benchmark for valuing stocks, is 16.01, higher than 13.6 for Hasbro.
Persons: Margot Robbie, Barbie, Arpiné Kocharyan, Kocharyan, Ryan Gosling, Ken, Warner Bros, Zachary, Carol Osborne, Savyata Mishra, Devika Organizations: Mattel, UBS, Warner, Sunday, Reuters Graphics Reuters, CFRA Research, University of South, Muma College of Business, Hasbro, Thomson Locations: Zara, United States, Canada, Bengaluru
☆ Patrol dogs are terrorizing and mauling prisoners inside the United States
  + stars: | 2023-07-23 | by ( Hannah Beckler | ) www.businessinsider.com   time to read: +64 min
But prison patrol dogs aren't deployed for chases; they are used inside the prison walls. Tri-State Canines training facility, Warren, OhioVirginia Department of Corrections patrol dogs are typically Belgian Malinois, Czech shepherds, or German shepherds. Department patrol dogs are trained to bite once and hold to minimize flesh tears and lacerations. Patrol dog kennels, Virginia Department of CorrectionsThe patrol dog kennels are even smaller, at 6 feet by 10. A veterinary technician who treated patrol dogs at a clinic in Lebanon, Virginia, said she was told not to touch the patrol dogs in her care without their handler present.
Persons: Santos Cardona, Michael Smith, Smith, Marco, crouch, Mohammed Bollendia, protectively, Ashraf Abdullah Ahsy, Ivan L, Frederick II, Cardona, Abu, John Ketzer, Ketzer, Michael J, Donald Rumsfeld, Rumsfeld, Abu Ghraib, Lane McCotter, Gary DeLand, Terry Bartlett, Richard Billings, Larry DuBois, John Armstrong, Terry Stewart, Charles Ryan, Ryan, Stewart, Adrian Duran, cradled, Duran he'd, Duran, Blackie, growled, he'd, It's, extractions, they're, Jerko, Jeremy Defour, Bert, Antwon Whitten, Virginia, Peter C, Meade, —, Oikeutta eläimille, Dave Blosser, Blosser, Eli Hiller, he's, Matthew Johnson, Oscar, Johnson, Oscar growled, Boris, Cajos, Linwood Mathias, Lucas Pruitt, Mathias, Xavia Goodwyn, sicced Lojzo, Edris, Michael Watson, Watson, Thomas Rose, Rose, Goodwyn, Red, Rick White, Ron Angelone, Wallens, Tyler Parry, Charlton Yingling, Parry, Eugene, Bull, Connor, Bill Hudson, Yingling, Solomon Northup, Solomon, Walter Gadsden, Malcolm X, Michael Brown, Ferguson, They're, Jeffery, White, Curtis Garrett, Garrett, Kathleen Dennehy, Dennehy, Aaron Fedor, Jimmy Stanley, Dora Schriro, Schriro, Omar, Dionisio Paulino, Paulino, Robert Silva, Adrian Duran's, Adrian Duran Duran, Adrian, unwound, Sussex II, Whitten, Western District of Virginia Jeremy Defour, Defour, Kenneth Licklider, Chris Robbins, Rivan, she'd, They've, Stephen McReynolds, McReynolds, Daniel Clinton, Tom, Clinton, basketballs, Clinton's, Fuga, Jamie Elliott, Elliott, Duran couldn't, Bodhi, Jamie, Jawan Lee, Lee, Lee's Organizations: US, Business, Associated Press, Department of, Rights, Department, Justice, Department of Justice, Virginia Department of Corrections Police, Human Rights Watch, Virginia Department of Corrections, University of Virginia School of Law, Sussex II, Police, Kern Medical, Arizona Department of Corrections, Rehabilitation, The Indiana Department of Correction, Delaware Department of Correction, South, New Jersey Department of Corrections, Tri, Warren , Ohio Virginia Department of Corrections, State Canine Services, Court, Western District of, Red, View Regional, Onion, North Correctional Center, Corrections, Goodwyn, FBI, Ku Klux Klan, Human Rights, University of Nevada, University of Louisville, AP, Breeders, Ferguson Police Department, Souza, Baranowski, Commonwealth, Baranowski Correctional, Prentice, Black, United States, District, Massachusetts, Housing, Virginia Commonwealth University Health, Virginia, Housing Unit, Patrol, Southwest, Southwest Virginia Veterinary Services Locations: Abu Ghraib, Iraq, Belgian, Baghdad, Abu, United States, New Mexico, Utah, DeLand, Billings, Bartlett, Arizona, DuBois, Massachusetts, Armstrong, Connecticut, Arizona , Connecticut, Delaware , Indiana , Iowa , Massachusetts , New Jersey, Virginia, Alexandria , Virginia, Los Angeles, backyards, Sussex, lunging, Indiana, Richmond , Virginia, Iowa, Augusta, Ridge, New Jersey, South Woods, Warren ,, Czech, Europe, , Virginia, Western District, Western District of Virginia, Warren , Ohio, Holland, Tri, Canton , Ohio, Wallens, Onion, Red Onion, View, Norton , Virginia, Portsmouth , Virginia, Kentucky, Birmingham , Alabama, Las Vegas, Americas, Caribbean, American, Ferguson , Missouri, Lancaster , Massachusetts, Richmond, Lebanon , Virginia, Southwest Virginia, Lebanon, Waverly , Virginia, chihuahua
☆ Woman severely injured by bison in North Dakota national park
  + stars: | 2023-07-19 | by ( Chris Boyette | ) edition.cnn.com   time to read: +2 min
CNN —A Minnesota woman was severely injured by a bison in Theodore Roosevelt National Park in Medora, North Dakota, according to the National Park Service. A bison gored a 47-year-old Arizona woman Monday morning in Yellowstone National Park in Wyoming. In the wake of the two incidents involving national park guests within days of each other, the National Park Service has issued a warning that bison can be easily agitated during mating season. Use extra caution and give them additional space during this time,” the park service said. “Approaching bison threatens them, and they may respond by bluff charging, head bobbing, pawing, bellowing, or snorting,” according to the park service.
Persons: Theodore Roosevelt, “, goring, Bison Organizations: CNN, National Park Service, “ Bulls, NPS, Emergency Medical Services Locations: Minnesota, Medora , North Dakota, Arizona, Wyoming, Billings County, Fargo, Lake Yellowstone, Yellowstone
☆ This software stock more than doubled on the back of A.I. mania. Here's why Wall Street expects the rally to fade
  + stars: | 2023-07-18 | by ( Samantha Subin | ) www.cnbc.com   time to read: +4 min
Shares of Palantir have surged 181% this year as investors bet on its potential in the booming artificial intelligence race. The company, founded in 2003, is already making strides in AI, even lending its tools to hospitals . In its latest earnings release in early May, CEO Alex Karp called demand for Palantir's AI platform, which allows commercial and government sectors to use LLMs with their own private data, "without precedent." While some analysts see promise in Palantir's AI capabilities, many remain cautious on the immediate profit contribution of the technology and view the stock as ripe for a pullback. In a note to clients in May, Morgan Stanley's Keith Weiss noted that the rally in Palantir shares and premium valuation creates an unfavorable near-term risk-reward.
Persons: Palantir, Alex Karp, Malik Ahmed Khan, Davidson's Gil Luria, Raymond James, Brian Gesuale, Morgan Stanley's Keith Weiss, Karp, Morningstar's Khan, Mizuho's Matthew Broome, Davidson's Luria, — CNBC's Michael Bloom Organizations: Wall, Nvidia, billings Locations: Denver
☆ The 'Barbie' movie could boost Mattel's stock prices and increase the price of old dolls in your closet, but avid Barbie collectors couldn't care less
  + stars: | 2023-07-15 | by ( Colette Fountain | ) www.businessinsider.com   time to read: +9 min
Insider spoke to three Barbie collectors who seem unfazed by the potential rise in the dolls' worth. As a collector doing it for love, he told Insider those looking to make money should invest in other things. Antique expert Dr. Lori told Insider she estimates a 25% rise in the doll's value in the build-up to the film's release and immediately afterward. "There are too many elements to the concept of value, and it's rarely just about finance," Yang told Insider. Even if these Barbie collectors were looking to make a quick buck in Gerwig's box office weekend, selling Barbies isn't easy.
Persons: Greta Gerwig's, Jian Yang, Yang doesn't, Yang, Barbie, Margot Robbie, Ryan Gosling, MarketBeat, Lori, Hankwitz, Mattel, Tommy Hilfiger, Gigi Hadid, Calvin Klein, Juno, Teresa, Arjen, Queen Elizabeth, Tina Turner, It's, I've Organizations: Service, Google, Mattel, Warner, Air, Nike, billings, eBay Locations: Wall, Silicon, Singapore, Philadelphia, Netherlands, Poland
☆ We hear about companies reporting adjusted earnings all the time. Why do they do that?
  + stars: | 2023-06-29 | by ( Zev Fima | ) www.cnbc.com   time to read: +6 min
This week's question: When reporting non-GAAP earnings, how do companies determine the numbers that are not generally accepted and how reliable they are? It also increases free cash flow, which is operating cash flow less capital expenditures. But many companies add back what was expensed for non-GAAP earnings. Restructuring charges are another item often added back to determine adjusted non-GAAP earnings results. This week's question: When reporting non-GAAP earnings, how do companies determine the numbers that are not generally accepted and how reliable they are?
Persons: Jim Cramer, Don, Jim Cramer's, Jim Organizations: Financial, Industry, billings, Club, Microsoft, Apple, Jim Cramer's Charitable, CNBC
☆ Montana bridge collapse sends tank cars into Yellowstone River
  + stars: | 2023-06-24 | by ( ) www.reuters.com   time to read: +1 min
June 24 (Reuters) - A bridge in Montana collapsed into the Yellowstone River early on Saturday, landing multiple rail cars in the water, officials said. Montana Rail Link, the company operating the train, said in a statement that "several hazmat cars" plunged into the river. The rail cars were carrying asphalt and molten sulfur, substances that quickly solidify when they come in contact with cooler temperatures, the company said. Two cars transporting sodium hydro sulfate, an acid salt, did not enter the water and initial air quality assessments indicate the chemical was not released from the cars, Montana Rail Link said. Montana Fish, Wildlife & Parks said the derailment and bridge collapse led to the closure of parts of the Yellowstone and Stillwater Rivers.
Persons: Maria Caspani, Richard Chang Organizations: Montana Rail, Montana Rail Link, Montana Fish, Wildlife, Parks, Thomson Locations: Montana, Billings, Reed Point, Stillwater County, Yellowstone, Stillwater Rivers
☆ Stocks making the biggest moves midday: GameStop, Amazon, Carvana and more
  + stars: | 2023-06-08 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
GameStop — The meme stock tumbled nearly 18% after the company fired CEO Matthew Furlong and appointed Ryan Cohen as executive chairman, effective immediately. Carvana — Shares popped 56% after the online car seller issued an upbeat outlook for the second quarter. Carvana said it now expects non-GAAP total gross profit per unit to come in above $6,000 in the second quarter. Smartsheet — Smartsheet tanked more than 17.5% after the software company said billings came in at $215.5 million, falling short of a StreetAccount estimate of $217.1 million. Trip.com posted earnings per share of 43 cents, beating a StreetAccount estimate of 26 cents.
Persons: Matthew Furlong, Ryan Cohen, Wells, Carvana, Wolfe, Fisker, Rod Lache, Chris Licht, Jefferies, billings, Lilly Pulitzer, Tommy Bahama, Trip.com, Yun Li, Alex Harring, Sarah Min, Michelle Fox, Tanaya Macheel Organizations: GameStop, Signet, Signet Jewelers, Wolfe Research, Warner Bros, CNN, Wynn Resorts, Sands, Mobile, Adobe —, Adobe, Oxford Industries Locations: Wells Fargo, Las, Macao
☆ James Beard Award 2023 winners announced
  + stars: | 2023-06-06 | by ( Marnie Hunter | Forrest Brown | ) edition.cnn.com   time to read: +12 min
The awards have been presented in the Windy City since 2015 and are set to remain there through 2027. Like last year, much of the 2023 show was focused on showcasing the new push for greater diversity. The James Beard Foundation has been mired in controversy over the past few years. The winner of the South category, Natalia Vallejo, is the first Puerto Rican native to win a James Beard Award. Here’s the full list of the 2023 James Beard Restaurant and Chef Awards nominees.
Persons: James Beard, Eric Adjepong, Esther Choi, Andrew Zimmern, Gail Simmons, ”, ” Simmons, Gregory Gourdet, Kann, ” Sherry Pocknett, Sly Fox, James, Ellen Yin, J.B . Pritzker, Chicago Mayor Brandon Johnson, foodie, James Beard’s, “, Timothy Hontzas, Sam Fore, Mariah Carey, Monti Carlo, Natalia Vallejo, Rachel Miller, Nightshade Noodle, Lynn, Niki Nakayama, Erik Ramirez, NY Rob Rubba, Hajime Sato, Sozai, Celeste Noche, NY Don, Brandon Chrostowski, Greg Dulan, CA Aaron Hoskins, Sarah Simmons, Elie Yigo, Quynh Pham, WA Ellen Yin, Damarr Brown, Virtue, Rashida, LA Charlie Mitchell, Clover, NY Amanda Shulman, Angelo, Bakeshop, Zak, Baker, Baker Veronika Gerasimova, Elaine Uykimpang Bentz, Café Mochiko, Vince Bugtong, Margarita Manzke, CA Shawn McKenzie, Café, AL Lula Drake, Los Angeles , CA Spencer, Ann, Brownsville , TX Rob Roy, California Gilberto Cetina Jr, CA Kyle, Katina, Brandon Hayato Go, Hayato, Los Angeles , CA Justin Pichetrungsi, Carlos Salgado, Taco, Omar Anani, Saffron De, Diana Dávila, IL Tim Flores, Genie Kwon, IL Andy Hollyday, MI Sarah Welch, Marrow, Jesse Ito, Cantina La, Kate Lasky, Tomasz Skowronski, Michael Rafidi, Sanaa, Gregory León, Francesco Mangano, Osteria, Madison , WI Itaru Nagano, Andrew Kroeger, Madison , WI David Utterback, Salvador Alamilla, Amano, Caldwell, Michael Diaz de Leon, Suchada Johnson, WY Kris Komori, Ali Sabbah, Brooklyn , NY Mary Attea, Amanda Cohen, Dirt, Valentine Howell, Hunter, CT Sherry Pocknett, Renee Touponce, Joshua Dorcak, Vince Nguyen, Thomas Pisha, Gado, Beau Schooler, Bocca Al, AK Aaron Verzosa, KY Josh Habiger, TN Sam Hart, NC Terry Koval, Paul Smith, Ana Castro, Lengua, LA Timothy Hontzas, AL Henry Moso, Alex Perry, Kumi Omori, Cocina al, Oscar Amador, Kaoru Azeuchi, KAISEKI, Andrew Black, Jeff Chanchaleune, Ma Der, Justin Pioche, Texas Reyna, Painter, Houston , TX Emiliano Marentes, El Paso , TX John Russ, Clementine, San Antonio , TX Ernest Servantes, David Kirkland, Jim Embry, Valerie Horn, Savi ” Horne, Ira Wallace, Olivia Watkins, Karen Washington, Madur Jaffrey Organizations: Washington , D.C, Lyric Opera of, Illinois Gov, Chicago Mayor, Philadelphia, James Beard Foundation, James, New York Times, CNN, Foundation, WA Coracora, Sunday, of Culture, NY, Neng, EDWINS, Restaurant Institute, Hospitality, SC Yenvy, Street Hospitality, Mbaye, Dakar, WA Bottega, AL, SC, Beverages, Merchant, WA BEST, Sherman, Taco María, Selden, D.C, Madison , WI Itaru, Fairchild, Madison , WI, WY, New, New York State, NY Shaina Loew, Pacific, AK, TN, EDO, Food, Burnt Bean, Sustainable Communities Network, Cooperative Farming, Community Center, Southern, Sierra, Burgerville Workers Union, Black Farmer Fund Locations: Philadelphia, Haitian, Pacific, Washington ,, Lyric Opera of Chicago, livestream, Windy City, Boise , Idaho, Madison , Wisconsin, Oklahoma, Monson , Maine, Haiti, Charlestown , Rhode Island, Puerto Rican, Los Angeles, Brooklyn, NY, Washington, Clawson, MI, Seattle, West Hartford, Philadelphia ,, Lucia, Dallas ,, Cincinnati, Portland , Oregon, of Culture , New York, Mexican, Fort Worth , TX Kann, Portland, Milwaukee ,, Asheville , NC, Chicago, Houston , TX, Cleveland, Crenshaw, Columbia, WA, Rashida Holmes, Bridgetown Roti, Los Angeles ,, Dakar NOLA , New Orleans, LA, Clover Hill, New Orleans, Richardson ,, Kansas City ,, Miami, Billings, San Francisco ,, Café Cerés, Minneapolis, Cypress, Pullman, Birmingham, Quarry, Monson, IL, New York, Houston ,, Ann Arbor, Honolulu, Shawnee, KS, Las Vegas, Brownsville , TX, Healdsburg, Sherman Oaks, Costa Mesa ,, Lakes, Saffron De Twah, Detroit ,, Detroit, NJ, PA, , Philadelphia, Cantina La Martina, Apteka, Pittsburgh, Albi , Washington, Kalaya, MN, MO, Sioux Falls, Amilinda, Milwaukee, Osteria Papavero, Madison ,, Yoshitomo, Omaha, UT, WY, Salvador, BRUTØ, Denver, Teton, Teton Village, Boise, Salt Lake City, Sofreh, Brooklyn , NY, , New York, Hudson, Atomix , New York, NH, RI, Krasi, Boston, New Preston, Charlestown, Siu, Yunnan, The, MÄS, Ashland, Berlu, Gado Gado, Bocca Al Lupo, Juneau, Archipelago, KY, NC, TN, WV, Lexington, Bastion, Nashville, Charlotte, Decatur, Charleston, Lengua Madre , New Orleans, Homewood, Orlando, Springs, Cocina, Cocina al Fondo, San Juan, AZ, NM, Oklahoma City, Fruitland, Navajo Nation, Sandwich Hag, El Paso , TX, San Antonio ,, Seguin ,, City of Whitesburg
☆ Here's our first-quarter earnings report card for every stock in the portfolio
  + stars: | 2023-06-02 | by ( Zev Fima | ) www.cnbc.com   time to read: +17 min
As a result, about 78% of S & P 500 companies reported better-than-expected earnings results, according to FactSet. Though sales came up short of expectations, earnings, operating margin, and return on capital all notched new record highs in a tough economy. We also saw strong sales of key drug Mounjaro along with positive updates for its potential as a weight loss medication. GE Healthcare (GEHC) reported solid results with its first-quarter earnings release as sales and earnings outpaced expectations. Despite the top-line miss, TJX Companies (TJX) delivered better-than-expected earnings as management demonstrated the ability to diligently control expenses.
Persons: Emerson, Eli Lilly, Strong, Humana, Johnson, Morgan Stanley, Wells Fargo, Wells, Estee Lauder, Locker, Jim Cramer's, Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Club, Halliburton, HAL, Linde, LIN, Microsoft, Nvidia, Palo Alto Networks, billings, Procter & Gamble, Devices, Caterpillar, Costco, Coterra Energy, Management, GE Healthcare, Honeywell, Johnson, Wynn Resorts, WYNN, Valley Bank . Disney, Natural Resources, Constellation Brands, TJX Companies, Bausch Health, Nike, Jim Cramer's Charitable, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: Washington, North America, United States, Wells, Macau, Asia, Los Angeles , California
☆ Here’s the secret sauce that fueled Palo Alto Networks’ beat and raise despite tough times
  + stars: | 2023-05-23 | by ( Jeff Marks | ) www.cnbc.com   time to read: +6 min
Bottom line Once again, Palo Alto Networks delivered an upside quarter despite uncertainty related to the slowing and more cost-conscious macroeconomic environment. Palo Alto Networks isn't cheap on a classical earnings basis. The fiscal Q3 results clearly show Palo Alto Networks as a preferred partner despite industry headwinds related to elongated sales cycles. PANW YTD mountain Palo Alto Networks (PANW) YTD performance Outlook For Palo Alto Networks' current fiscal 2023 fourth quarter, the company sees rosy times ahead. Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.
☆ Montana’s TikTok ban throws users into new era of uncertainty
  + stars: | 2023-05-21 | by ( Catherine Thorbecke | ) edition.cnn.com   time to read: +5 min
CNN —Keri Williams wouldn’t have her business without TikTok. But earlier this week, Montana Gov. Now, Williams, who lives near Montana’s largest city — Billings — is scrambling to figure out the future of her business. The law, set to take effect in January, has already been the subject of a lawsuit by a group of TikTok users who allege it infringes on their First Amendment rights. TikTok said in March that it has 150 million monthly active users in the United States, up from 100 million users in 2020, when the Trump administration first threatened to ban the service.
☆ This casino stock can jump 30% as Macao market recovers despite macro headwinds, Barclays says
  + stars: | 2023-05-17 | by ( Brian Evans | ) www.cnbc.com   time to read: +2 min
Wynn Resorts has more to gain as a recovery in its Macao properties continues, according to Barclays. It also hiked its price target on the stock to $135 from $120. Despite the already strong gain for the stock, analyst Brandt Montour thinks the casino operator remains "under appreciated by the market." And the company's Las Vegas business remains strong, Montour noted. CEO Craig Billings said during the company's first-quarter earnings call earlier this month that Wynn Las Vegas had a record adjusted net EBITDAR (earnings before interest, taxes, depreciation, amortization and restructuring or rent costs) of $232 million.
☆ Wynn Resorts delivers the quarter we've been waiting for, bolstered by China
  + stars: | 2023-05-09 | by ( Jeff Marks | ) www.cnbc.com   time to read: +7 min
Wynn Resorts (WYNN) delivered a much better-than-expected first quarter Wednesday, with the casino. It appears the miss could be attributed to individual wealthy gamblers frequenting Wynn Palace at the expense of Wynn Macao, which historically is more exposed to groups and tours. Las Vegas Wynn Las Vegas continues to post big results, generating an all-time record adjusted EBITDAR of $231.6 million. There may be a lot of talk out there about a pullback in consumer spending, but it isn't showing up at Wynn Las Vegas. On a hold normalized basis, Wynn Las Vegas' EBITDAR margins expanded 300 basis points year-over-year and 1,400 basis points from the first quarter of 2019.
☆ England's Billings warns of skin cancer danger after scare
  + stars: | 2023-05-09 | by ( ) www.reuters.com   time to read: +1 min
LONDON, May 9 (Reuters) - Skin cancer prevention should be a priority for cricketers and fans spending hours under the sun, England wicketkeeper Sam Billings has warned after suffering a scare last year. Billings underwent two operations last year to remove a malignant melanoma on his chest following a routine screening organised by his county Kent. The 31-year-old said his melanoma was caught just in time and that he almost missed the screening to attend a meeting. The threshold of when it gets really serious is 0.7mm, so really close," Billings told the Daily Telegraph. "If I had left that screening to go to the meeting, and waited until my next one six months down the line it could have been far, far more serious."
☆ Stocks making the biggest moves after hours: Airbnb, Twilio, Rivian, Occidental Petroleum and more
  + stars: | 2023-05-09 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
The company posted a slight beat on revenue. Rivian — The electric vehicle stock gained more than 5% in extended trading. Rivian reported a narrower-than-expected loss and revenue beat Wall Street's expectations. Toast — The cloud-based restaurant software vendor popped 7.4% in extended trading. The company reported an adjusted loss of 47 cents a share.
☆ Stocks making the biggest moves midday: Berkshire Hathaway, Catalent, Tyson Foods, Zscaler and more
  + stars: | 2023-05-08 | by ( Samantha Subin | ) www.cnbc.com   time to read: +4 min
Berkshire Hathaway — The conglomerate's A shares rose more than 1% as investors cheered a strong earnings report from Warren Buffett's company. Tyson Foods — Shares plummeted 15% after the food production company posted an unexpected loss for the recent quarter and cut its revenue outlook for the year. PacWest - The regional bank stock held on to a gain of about 3% on Monday. Six Flags posted a narrower-than-expected loss of 84 cents per share, compared to expectations of a per-share loss of 89 cents, according to FactSet. Six Flags posted revenue of $142.2 million, greater than the expectation of $132.6 million, with CEO Selim Bassoul calling the results "proof points" that its new strategy is working.
☆ What King Charles' coronation means for the UK economy
  + stars: | 2023-05-03 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +8 min
But the UK economy as a whole could suffer as workers take an extra day’s holiday. John Lewis' Coronation Lewis Bear. John Lewis & PartnersDepartment store John Lewis has had to limit in-store purchases of its Coronation Lewis Bear to two per household, and the teddy is out of stock online. For the coronation, UK luxury brands “have procured unique merchandise at all levels of the economy and we’re seeing people buying it, particularly Americans and EU customers,” she added. (The coronation holiday will be the third holiday Monday this month.)
☆ Hasbro, Mattel shares rise as toymakers announce multiyear licensing agreement, increased IP focus
  + stars: | 2023-04-27 | by ( Natasha Piñon | ) www.cnbc.com   time to read: +5 min
Barbie maker Mattel posted first-quarter results after markets closed on Wednesday that beat revenue expectations but fell short of expectations on the bottom line. Other toy stocks, including Hasbro competitor Mattel and pop culture consumer company Funko , also jumped on Thursday. Toymaker stocks rallied Thursday after rivals Hasbro and Mattel posted quarterly results and offered optimistic comments about how their intellectual property will boost their businesses. Amid the challenging toy and game market, both Hasbro and Mattel are eyeing a future increasingly focused on intellectual property. Hasbro's "Transformers: Rise of the Beasts" from Paramount is slated for a June 9 release, while Mattel's much-hyped "Barbie" movie from Warner Bros. is scheduled for a July 21 release.
☆ Club meeting recap: Banks in focus, Big Tech earnings, Palo Alto
  + stars: | 2023-04-26 | by ( Paulina Likos | ) www.cnbc.com   time to read: +3 min
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Equities rise with banks in focus Bullish on tech Palo Alto is a buy 1. Bullish on tech Two Big Tech Club holdings — Alphabet ( GOOGL) and Microsoft (MSFT) – reported quarterly beats Tuesday, despite gathering macroeconomic clouds. 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.
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