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European governments still can't agree on a price cap for Russian oil even as the December 5 deadline is less than a week away. Poland, for example, is committed to a $30 price cap. Even with a price cap of, say, $65, it's unclear whether that can really make an impact, given that Russia's flagship crude oil — Urals grade crude — is trading 20% below that level already. Despite the West's repeated condemnation of Russia and President Vladimir Putin, Russia remains Europe's largest single refined oil products supplier. A) The West agrees to a price cap above $40B) The West agrees to a price cap below $40C) The West does not agree to any price capLet me know on Twitter (@philrosenn) or email me (prosen@insider.com).
ETProjected EPS: 84 centsProjected revenue: $1.59 billionCramer predicted it'll be difficult for the company to top its last "spectacular" quarter. Wednesday: Hormel Foods, Petco, Salesforce, OktaHormel FoodsQ4 2022 earnings release at 6:30 a.m. ETProjected EPS: 50 centsProjected revenue: $3.38 billionHormel might follow other food stocks that have stopped going down, Cramer said. ETProjected EPS: 16 centsProjected revenue: $1.49 billionHe said he's worried the company will report disappointing results. Thursday: Dollar General, Kroger, Ulta Beauty, Marvell TechnologyDollar GeneralQ3 2022 earnings release at 6:55 a.m.
Stocks finished higher on this holiday-shortened trading week, with all the major U.S. averages posting gains. Under the hood, all sectors closed higher for the week, led by utilities, materials and financials. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. The U.S. Federal Reserve, alongside global central banks, has been trying to get a handle on soaring inflation.
Here are the biggest calls on Wall Street on Tuesday: Deutsche Bank reiterates Roblox as buy Deutsche says it expects a strong earnings report for Roblox when the online gaming platform company releases results on Wednesday. Deutsche Bank upgrades Dave & Buster's to buy from hold Deutsche said in its upgrade of the stock that it sees a "compelling" risk/reward. Bank of America reiterates Meta as neutral Bank of America says it sees too many headwinds for Meta shares right now. Bank of America reiterates Nvidia as buy Bank of America says it's standing by shares of Nvidia heading into earnings next week. Deutsche Bank reiterates Electronic Arts as a top pick Deutsche says it's very bullish on the company's upcoming release slate. "
Three stock lunch: BA, OKTA and TTWO
  + stars: | 2022-11-07 | 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 EmailThree stock lunch: BA, OKTA and TTWOMatt Maley, chief market strategist at Miller Tabak, joins 'Power Lunch' to discuss his picks for the three stock lunch, Boeing, Okta and Take-Two.
Now is the time to load up on shares of Okta , Guggenheim said, noting the stock is "too cheap" for investors to ignore. "While we recognize the company is facing challenges that could take several quarters to effectively address, we find current valuation levels too compelling to ignore," he said. "Trading at an [enterprise value to next 12 months] Recurring Revenue multiple of 3.6x, we believe the stock is currently trading below the intrinsic value of a typical software company assuming no growth or declines." Despite the upgrade, Guggenheim retained its $65 price target on the stock. Okta shares have shed roughly 80% this year.
Berkshire Hathaway (BRK.b) – Berkshire Hathaway gained 1.5% in premarket trading after Warren Buffett's firm reported better-than-expected earnings, with revenue also topping Street forecasts. Meta Platforms (META) – Meta added 2.6% in the premarket after The Wall Street Journal reported that the Facebook parent was preparing to announce large-scale layoffs this week. Apple (AAPL) – Apple shares slid 1.8% in the premarket after it said Covid-19 restrictions are hindering iPhone production at the Foxconn factory in China. Yamana Gold (AUY) – Yamana Gold lost 2.7% in the premarket after Gold Fields (GFI) said it would not change the terms of its takeover deal with Yamana. Ryanair (RYAAY) – The airline's stock gained 6.2% in premarket trading after it reported its largest-ever profit for the first half of the year.
What I am looking at Monday, Nov. 7, 2022 U.S. stock futures bounced after breaking multiweek weekly winning streaks. Club holding Apple (AAPL) issues with Covid restrictions slowing down iPhone production in China is supply not demand. Club holding Coterra Energy (CTRA) upgraded by Wolfe Research to peer perform from underperform (hold from sell). Club holding Wells Fargo (WFC) still cheapest and putting worst behind it. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Bank of America reiterates Synchrony as buy Bank of America said the financial services company is a "hidden" beneficiary of the PayPal-Apple partnership. Bank of America downgrades Funko to neutral from buy Bank of America said in its downgrade of Funko that it sees a "challenging" holiday for the toy company. Oppenheimer upgrading DoorDash to outperform from perform Oppenheimer said it sees improving margins for the food delivery company. Bank of America reiterates Northrop Grumman as a top pick Bank of America said the company has a "best in class" space business. Oppenheimer reiterates Walmart as buy Oppenheimer said investors should buy the dip heading into Walmart earnings next week.
These 15 power players are just a handful of the people designing workplaces to balance productivity, interaction, and employee well-being through indoor-air-quality monitoring systems, building amenities, holographic meeting spaces, and more. AftershipCities like Austin, Texas; Nashville, Tennessee; and Raleigh, North Carolina, began offering business-relocation incentives during the pandemic to boost their workforces and help increase occupancy in office buildings. Room's office suite includes a phone booth, a meeting room, an open meeting room, and a focus room. Room also makes a soundproof meeting room that fits two people, a more open meeting booth, and a focus room designed for quiet concentration. "The future of office work needs to be guided by a new, genuine form of flexibility in which the work, not the workers themselves, become even more malleable," Petersen writes.
Excessive use of the Alt-Tab toggle could be contributing to a feeling of burnout, a study suggests. Harvard Business Review research finds employees spend 5 working weeks a year toggling between apps. A study published in August by the Harvard Business Review reported by Bloomberg found workers were toggling between different apps and websites up to 1,200 times a day. That "toggling tax," another study suggests, might be helping make employees decide to quit. Okta, an identity and access management company, told Bloomberg its clients deployed 89 apps last year, up from 58 in 2015.
Fox Corp , News Corp — Fox shares dropped 8%, while News Corp gained more than 4% after Rupert Murdoch formed a special committee to explore a possible deal that would put his two media companies back together. Wells Fargo reiterated its equal weight rating on the streaming service ahead of the company's earnings this week. Speculative tech stocks — South American e-commerce stock Mercadolibre surged 11%, while Chinese tech stock Pinduoduo jumped more than 6%. Bank stocks — Several bank stocks moved higher Monday on positive earnings for the sector. Bank of NY Mellon gained 4.9% following its earnings beat and Signature Bank , set to report earnings on Tuesday, jumped 6%.
Dig Security says its proprietary technology can detect and shut down data breaches in real time. Its CEO says he uses his experience in Israel's Unit 8200 to get inside the mind of an attacker. Dig recently raised $34 million led by SignalFire using this pitch deck. Despite spending four years in the Israeli military, Dan Benjamin, the CEO and cofounder of the cloud security startup Dig Security, never saw combat. Benjamin spent his years of compulsory military service in an elite digital spy agency known as Unit 8200.
Mirabaud analysts suggest buying a company like Box or Coupa could help Salesforce goose growth. To get there, analysts from Mirabaud suggested that an acquisition might be a smart way to goose growth towards Benioff's $50 billion revenue target. "We've bought 60 companies — we'll always buy companies," Benioff said at the event, as Bloomberg reported. "M&A has been key to headline growth for Salesforce and needed to mask slower organic growth trends," the analysts wrote. The biggest concern is that Salesforce's partners reported some trouble selling multiple products to the same customers, analysts say.
Marc Benioff, founder, chairman and co-CEO of Salesforce, speaks at an Economic Club of Washington luncheon in Washington on October 18, 2019. Salesforce co-CEO Marc Benioff said the cloud software company has much more to do in the area of cybersecurity following an attack at Uber involving Salesforce's Slack chat app. "There's no finish line when it comes to security and social engineering," Benioff said during a press conference at Salesforce's Dreamforce conference in San Francisco on Tuesday. Most of the company's engineering team works on security and trust, said Bret Taylor, Salesforce's other co-CEO. WATCH: Salesforce was born in the 2001 recession, says chairman and co-CEO Marc Benioff
Uber says Lapsus$-linked hacker responsible for breach
  + stars: | 2022-09-19 | by ( ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterThe logo for Uber Technologies is seen on a vehicle in Manhattan, New York City, New York, U.S., November 17, 2021. REUTERS/Andrew KellySept 19 (Reuters) - Uber Technologies Inc (UBER.N) said on Monday a hacker affiliated with the Lapsus$ hacking group was responsible for a cyber attack that forced the ride-hailing company to shut several internal communications temporarily last week. Register now for FREE unlimited access to Reuters.com RegisterThe company said it was in close coordination with the FBI and the U.S. Department of Justice on the matter. The hacker had posted a message on the forum about seeking to "negotiate a deal" with the videogaming company. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Nivedita Balu in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
Washington (CNN Business) Uber has linked the cybersecurity incident it disclosed last week to hackers affiliated with the Lapsus$ gang, a group accused of numerous high-profile corporate data breaches. The company also said the attackers were able to download or access company Slack messages and invoice-related data from an internal tool. Uber UBER In a blog post on Monday,said the attackers first gained access to the company's systems when they successfully convinced a contractor to grant a multi-factor authentication challenge. The attacker did not access user-facing systems, user accounts, databases containing personal information or the code that powers Uber's products, the company said. The blog post marks the first time Uber has publicly attributed the incident to the Lapsus$ gang, which targeted Microsoft earlier this year and is also accused of attacking Nvidia, Okta and other companies.
That means Amazon Web Services, Microsoft Azure, and Google Cloud could be poised for a merger-and-acquisition spree. As for cloud acquisitions, analysts said Amazon's cloud unit didn't often buy companies. Cybersecurity has been a greater focus for Microsoft, AWS, and Google Cloud after the hack of the IT-software company SolarWinds in 2020. In 2019, Google purchased the data-analytics company Looker for $2.6 billion in cash under Google Cloud CEO Thomas Kurian. With Kurian at the helm, bringing with him the Oracle acquisition playbook, Google Cloud may now have a bigger M&A appetite.
Humana (HUM) investor update meeting Thursday: much better than expected price targets: Full-year earnings per share $23.08, up from $20.30. Club holding Starbucks (SBUX): Deutsche Bank and Morgan Stanley raise price targets. Mizuho cuts price targets for Club holdings Nvidia (NVDA) and Advanced Micro Devices (AMD), because of a pending hypercomputing slowdown. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. A pay dispute between rail workers and unions threatens a nationwide freight rail strike as early as September 16, 2022.
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