DIRS.INFO The most relevant business & tech news

☆ Visa is undervalued considering its consistent growth, says Mike Khouw. How to trade it
▼ + stars: | 2024-10-17 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

As a global leader in digital payments, Visa has 4.2 billion credit and payment cards in circulation across more than 200 countries. Through its advanced transaction processing network, VisaNet, the company facilitates payment authorization, clearing, and settlement, and it is one of the most remarkable and consistent growth stories around — along with fellow payment processing company Mastercard. The following chart illustrates its remarkably consistent growth since the pandemic plunge (which naturally suspended considerable economic activity). While a 30 P/E is higher than the market's, the S & P trades closer to 26 times earnings; Visa should trade at a premium. The ability for consumer spending growth to continue apace is limited, so presumably, topline growth will slow somewhat.

Organizations: Visa, Mastercard, DOJ, Nvidia, United Health, Southwest Airlines, CNBC, NBC UNIVERSAL

☆ Why 401(k) plans are the 'final frontier' for exchange-traded funds
▼ + stars: | 2024-10-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Momo Productions | Digitalvision | Getty ImagesWhile many investors have flocked to exchange-traded funds, they haven't gained much ground with 401(k) plan participants. The report found that 401(k) plans used ETFs most readily for sector and commodity funds — but even then, they did so just 3% of the time. Key benefits are 'irrelevant'Mutual funds, collective investment trust funds and separately managed accounts held the lion's share of the 401(k) assets across all investment categories, PSCA data shows. However, those benefits are "irrelevant" in 401(k) plans, Blanchett said. Blanchett said 401(k) plans are also long-term accounts in which frequent trading is generally not encouraged.

Persons: Momo, David Blanchett, hasn't, Philip Chao, Chao, Warren Buffett's, Blanchett Organizations: Exchange, Mutual, Morningstar, Investment Company Institute, ICI, of America, Vanguard Locations: John , Maryland

My girlfriend and I never talked about pet insurance — that changed when our cat got cancer. I haven't decided whether pet insurance is right for my needs, but I know I'm willing to take on debt for my pets. But without pet insurance, we had to make tough decisions as we tried to save his life. The primary reason is that pet insurance is worse than pre-Obamacare human insurance, and it doesn't cover pre-existing conditions. Get Pet Insurance Quotes Find affordable pet insurance policies with Petted.

Persons: I haven't, —, I've, Wyatt, it's, wasn't, she'd, didn't, Chester, I'm Organizations: Service Locations: Chester

☆ Netflix earnings need to justify runup in stock. What analysts see for subscribers, ad tier
▼ + stars: | 2024-10-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Analysts surveyed by LSEG expect Netflix earnings to come in at $5.12 per share, while revenue should hit $9.769 billion. In the second quarter, Netflix earned $4.88 per share on $9.56 billion in revenue. Along with solid numbers for the quarter just ended, other analysts believe Netflix also has to raise prices to appease shareholders. Citigroup's Jason Bazinet says price hikes are warranted at Netflix due to strong engagement trends and competitors' own price increases. A ramping ad-tier Finally, Wall Street is keeping close watch on the advertising tier business Netflix rolled out in November 2022.

Persons: Evercore, Mark Mahaney, Citigroup's Jason Bazinet, Goldman Sachs, Eric Sheridan, Deutsche Bank's Bryan Kraft, Wells, Steven Cahall, Kannan Venkateshwar, NFLX, Alan Gould, Piper, Matt Farrell, Doug Anmuth, Morgan Stanley, Benjamin Swinburne, Alicia Reese Organizations: Netflix, Wall, LSEG, StreetAccount, Deutsche, Barclays, Wednesday's, JPMorgan

☆ The breakout in cruise line stocks may be just getting started, according to the charts
▼ + stars: | 2024-10-17 | by ( David Keller | ) www.cnbc.com time to read: +3 min

While charts like Carnival Corp. (CCL) have once again become overbought, the strength of the recent breakout suggests they may just be getting started. The longer a resistance level is tested, the more meaningful it becomes when the price finally breaks above this price ceiling. As long as CCL remains above this breakout level, the uptrend phase appears to be in good shape. Note the daily RSI which has pushed above the crucial 70 level on the recent breakout. The recent breakout for cruise lines like Carnival Corp. suggests that the uptrend phase may just be beginning.

Persons: Alan Shaw, Alexander Elder, David Keller Organizations: Carnival Corp, RSI, CMT, CNBC, NBC UNIVERSAL

☆ Latino audience is key for NFL growth in the U.S. and abroad
▼ + stars: | 2024-10-17 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +6 min

Pacheco, who is of Puerto Rican descent, earlier let Daddy Yankee try on his two Super Bowl rings. The Super Bowl on TelevisaUnivision's over-the-air broadcast network broke records, the company said, averaging 2.3 million viewers across all of its platforms, the largest audience for the Spanish language broadcast of a Super Bowl. Still, it was a small contribution to the total 123.4 million viewers of the 2024 Super Bowl. "Seventy percent of the people that had watched the Super Bowl had not watched any other playoff games that year," TelevisaUnivision's Lowenstein said. Pedro Vilela | Getty Images Sport | Getty Images

Persons: Isiah Pacheco, Rob Carr, wasn't Taylor Swift, Travis Kelce —, Daddy Yankee, Pacheco, Olek, Marissa Solis, Solis, " Solis, Loewenstein, Jaire Alexander, Wagner Meier, Christian Gonzalez, Guard Landon Dickerson, Tanner McKee, Brooke Sutton, TelevisaUnivision's Lowenstein, Pedro Vilela Organizations: Kansas City Chiefs, Philadelphia Eagles, Getty, National Football League, Kansas City, Puerto Rican, Arrowhead, Chiefs, NFL, Nielsen, U.S, CNBC, American U.S, Green Bay Packers, Arena Corinthians, Comcast, Pacheco and New England Patriots, Paramount, CBS, San Francisco 49ers, Fox Deportes, NBCUniversal's Telemundo, Bowl, Fans Locations: Glendale , Arizona, Puerto, Puerto Rican, TelevisaUnivision, U.S, Sao Paulo, Brazil, Pacheco and, Mexico, Spanish

☆ Netflix's 'Sweet Bobby' is the story of an 8-year catfishing case. Here's what the victim thinks motivated it.
▼ + stars: | 2024-10-16 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +5 min

In "Sweet Bobby: My Catfish Nightmare," Kirat Assi describes being deceived for almost a decade. AdvertisementWarning: Spoilers ahead for Netflix's "Sweet Bobby: My Catfish Nightmare" and Tortoise's podcast "Sweet Bobby." Kirat Assi, a woman catfished by a relative for eight years, is telling her story again in Netflix's new documentary "Sweet Bobby: My Catfish Nightmare." In "Sweet Bobby," Assi describes how Bhogal created Facebook accounts to pretend to be a real-life person, Bobby Jandhu, and his family members to carry on an online relationship with her — the phenomenon known as catfishing. Courtesy of NetflixIn the podcast, Assi described a draft apology letter Bhogal gave her after Assi took legal action against her in 2020.

Persons: Bobby, Assi, —, Simran Bhogal, Anna, Bhogal, Bobby Jandhu, Bobby Jandhu's, Jandhu, Kirat Assi, didn't, Alexi Mostrous Organizations: Service, Netflix Locations: London

☆ UK's ultra-rich non-doms urge Italian-style tax regime to prevent wealth exodus
▼ + stars: | 2024-10-16 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

Mike Kemp | In Pictures | Getty ImagesLONDON — Britain's ultra-rich non-doms are urging the government to introduce an Italian-style flat-tax regime to prevent a wealth exodus, as their preferential status comes under threat in the upcoming budget. That differs from Italy's regime, which charges a recently doubled rate of 200,000 euros per year regardless of wealth bracket. Non-doms move their moneyReeves had previously said that scrapping the program could generate £2.6 billion ($3.38 billion) for the Treasury over the course of the next government. We need to understand that we need people to be investing here, to create the jobs, wealth, prosperity that we want. Labour courts wealth creatorsThe Labour government has said it is determined to address unfairness in the tax system, pledging in its election manifesto to close non-dom tax loopholes.

Persons: Mike Kemp, Leslie MacLeod Miller, Rachel Reeves, Reeves, Alex Stewart, doms, Sadiq Khan, MacLeod Miller, Dominic Lawrance, Charles Russell Speechlys, Keir Starmer Organizations: Porsche, GTS, Chanel, Bond, Investors, Britain, Oxford Economics, Foreign Investors, CNBC, Labour Party, Treasury, FIFB, Oxford, Labour, Labour's, Investment Locations: London, United Kingdom, IHT, Italy, Switzerland, Dubai, Westbourne, Bayswater, Royal Oak

☆ 'Gladiator II' star Paul Mescal's first big role was a breakfast sausage ad in Ireland: It 'paid for my rent for 5 months'
▼ + stars: | 2024-10-16 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

With an Oscar nomination under his belt and the hotly anticipated Ridley Scott epic "Gladiator II" on the horizon, Paul Mescal's career couldn't be going better. Mescal, who had just graduated drama school, was interested in serious dramatic projects. "That paid for my rent for five months, so I'll hear no Denny's slander," he told GQ. "If I ever feel like I get too big for my boots, it kind of pops up somewhere that we shouldn't forget that I was promoting sausages when I got out of drama school," he said. Start today and use coupon code EARLYBIRD for an introductory discount of 50% off through Nov. 26, 2024.

Persons: Ridley Scott, Paul Mescal's, couldn't, Mescal, Denny, we've, let's Organizations: Hollywood, BBC, CNBC Locations: Irish

☆ North Korea's new drones use a 'reverse-engineered copy' of Hellfire missiles from the MQ-9 Reaper, US Army general says
▼ + stars: | 2024-10-16 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

North Korea is copying the American Hellfire missile, US Army Brig. Pyongyang previously unveiled two drones that looked suspiciously like the MQ-9 Reaper and RQ-4 Global Hawk. AdvertisementThe US military is closely watching a new North Korean drone that uses a "reverse-engineered copy" of the Hellfire missile for the MQ-9 Reaper and RQ-4 Global Hawk, a US Army general said on Tuesday. "North Korea recently unveiled a reconnaissance and multirole UAV that employ a reverse-engineered copy of a Hellfire missile, similar to an RQ-4 and MQ-9," Brig. If the North Korean missiles are, indeed, guided, it's also unknown what system they employ.

Persons: Patrick Costello, —, United States Army Conference . Costello, Costello, Kim Il, it's, general's, David Stewart, Palmer Organizations: missile, US, Service, Hellfire, US Army, of, United States Army Conference, North Korean, Korean Central News Agency, Korea News Service, Korean, The Defense Department, US Special, Command, Pentagon, Business Locations: Korea, Pyongyang, Brig, North Korea, West, Ukraine

☆ Alibaba's international arm says its new AI translation tool beats Google and ChatGPT
▼ + stars: | 2024-10-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Chinese e-commerce giant Alibaba 's international arm on Wednesday launched an updated version of its artificial intelligence-powered translation tool that, it says, is better than products offered by Google, DeepL and ChatGPT. Alibaba's fast-growing international unit released the AI translation product as an update to one unveiled about a year ago, which it says already has 500,000 merchant users. Sellers based in one country can use the translation tool to create product pages in the language of the target market. Large language models power artificial intelligence applications such as OpenAI's ChatGPT, which can also translate text. Alibaba's translation tool is based on its own model called Qwen.

Persons: Marco MT, Sellers, Kaifu Zhang Organizations: Alibaba, Google, Flores, Alibaba International Digital Commerce Group, CNBC Locations: China, BEIJING

For Love & Money is a column from Business Insider answering your relationship and money questions. Write to For Love & Money using this Google form. Dear For Love & Money,I am wealthy, and my friends always hint about their money problems. I don't know what to do. Write to For Love & Money using this Google form .

Persons: —, I've, you've, it's, doesn't Organizations: Business, Service Locations: Maui, tiptoe

☆ What the charts say about whether the S&P 500 can continue higher into year-end
▼ + stars: | 2024-10-16 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +5 min

The S & P 500 continues to make new highs, and volatility continues to decline. First, the S & P 500 has logged just two absolute 1% moves since Sept. 19, which is nearly a month's worth of trading. In fact, 114 S & P 500 stocks made new 52-week highs on Tuesday, which was the first time we've had over 100 since 7/16/24. With the day's opening and close both being higher and lower than the prior session's, this created a bearish engulfing pattern. The bottom line is that the S & P 500 and dozens of its holdings have built up substantial cushions by strongly coming back from the August lows.

Persons: we've Organizations: CNBC, NBC UNIVERSAL

☆ A lower-risk trade using options on an AI-derivative play that's breaking out
▼ + stars: | 2024-10-16 | by ( Tony Zhang | ) www.cnbc.com time to read: +3 min

As industries increasingly rely on real-time AI models, AKAM's infrastructure offers both speed and security by processing data closer to users. Combined with the company's attractive valuation, it offers substantial upside potential, with the chart showing growing investor interest in its AI-driven opportunities. Trading at only 15 times forward earnings, it's a significant discount relative to its industry average of nearly 28. AI models distributed on AKAM's extensive edge computing network provide significant upside potential, especially as demand for low-latency AI solutions increases across various industries. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Organizations: CNBC, NBC UNIVERSAL Locations: OptionsPlay

☆ Stifel’s Barry Bannister sticks to his bearish market stance
▼ + stars: | 2024-10-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Over the past month, the S & P 500 has climbed 3.2% to break above 5,800 for the first time. "Despite all the soft-landing and Fed rate cut optimism, the S & P 500 up almost 40% y/y has simply over-shot," he wrote in a note to clients. "S & P 500 over-valuation has been supported by (and fully reflects) the Fed likely cutting the real funds rate," he added. This summer, he said he expected the S & P 500 to fall to 5,000 by the fourth quarter. While not included in CNBC Pro's Market Strategist Survey , that forecast would mark Stifel as the second lowest among those surveyed.

Persons: Barry Bannister, Stifel, manias, Bannister Organizations: Federal Reserve, CNBC Pro's, Survey, Citi, Cisco Systems

☆ Here's why the U.S. retirement system isn't among the world's best
▼ + stars: | 2024-10-16 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

"I think [a C+ grade] would describe a rating where there is a lot of room for improvement," said Christine Mahoney, global retirement leader at Mercer, a consulting firm. 29 out of 48 global pension systems in 2024, according to the annual Mercer CFA Institute Global Pension Index , released Tuesday. The U.S. system is often referred to as a three-legged stool, consisting of Social Security, workplace retirement plans and individual savings. Employers aren't required to offer a retirement plan like a pension or 401(k) plan to workers. American workers can withdraw their 401(k) savings when they switch jobs, for example.

Persons: Christine Mahoney, doesn't, Mercer, Mahoney, it's, Graham Pearce, Pearce, David Blanchett Organizations: Mercer, Natixis Investment Management, U.S, Mercer CFA, Global, Social Security, Employers, U.S . Bureau of Labor Statistics, Finance, Research Locations: Netherlands, Iceland, Denmark, Israel, Mercer, Singapore, Australia, Finland, Norway, U.S

☆ I failed Meta's technical interview. Here's what it was like and what I wish I'd done differently.
▼ + stars: | 2024-10-16 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +9 min

He prepared with practice questions and mock interviews but wished he had studied differently. AdvertisementThis as-told-to essay is based on a conversation with William Orgertrice, a 29-year-old data engineer in Atlanta, about his Meta interview. If I were to go through the Meta interview process again, I would've done several things differently to perform better. The portal's practice questions were useful but significantly easier than the actual interview questions. If you've gone through the interview process for a Big Tech or FAANG company and would like to share your story, email Tess Martinelli at tmartinelli@businessinsider.com.

Persons: William Orgertrice, he'd, —, It's, they'd, I, I'd, I've, would've, they're, I'm, could've, you've, Tess Martinelli Organizations: Meta, Service, Menlo, LinkedIn, of Color, Big Tech Locations: Atlanta, tmartinelli

☆ There's more upside ahead for this AI derivative play, according to the charts
▼ + stars: | 2024-10-15 | by ( Todd Gordon | ) www.cnbc.com time to read: +3 min

The AI trade is powering ahead as the markets are seeing a rotation back into the semiconductor, hardware and software companies that are driving the revolution. One industrial company on my radar — that I don't yet have a position in — is Vertiv (VRT) . The company provides liquid cooling systems for data centers powering AI. I know it's a wide zone, but consider the percentage gain this stock has experienced in the past 2 years. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Todd Gordon, Gordon Organizations: Edge, Inside Edge, CNBC, NBC UNIVERSAL Locations: —

☆ My family of 6 spent full days at Disney for $2,677 and Universal for $1,190. The latter was better in some huge ways.
▼ + stars: | 2024-10-15 | by ( Daryl Austin | ) www.businessinsider.com time to read: +6 min

My family of six spent $2,677 for a day at Disneyland and $1,990 for a day at Universal Studios. AdvertisementBoth parks provide great entertainment, but Universal has one show Disney can't compete with"WaterWorld" blew our family away. Our Universal line-skipping passes had a steeper price tag at $600 compared to the $180 we paid for Disney's equivalent service. Even so, our Universal tickets still cost about $200 less than the Disney ones. We enjoyed Disney and Universal for different reasons, but the latter was better for my familyMy family had a great time at Universal.

Persons: —, Daryl Austin, Minnie, Winnie, Harry Potter Organizations: Universal Studios, Universal, Service, Universal Studios Hollywood, Disney, Tiana's, Cafe Orleans, Nintendo, Lightning, nab Locations: California

☆ AI labs are fragmenting because of ego clashes and commercial pressures. It's about to drive a wave of new startups.
▼ + stars: | 2024-10-15 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

There is an impending wave of new startups spinning out of larger AI labs, per Air Street Capital's State of AI report. AI labs are fragmenting due to ego clashes, philosophical disagreements, and commercial pressures. But as AI labs work towards the sector's holy grail, known as artificial general intelligence, those personalities have clashed — sometimes leading to a very public parting of ways. They are just some of the examples in a long line of AI labs that have fractured away from their juggernaut predecessors to form new startups. The exception would be if AI labs pivot toward building a niche model within a specific vertical, he said.

Persons: —, Ilya Sutskever, Andreessen Horowitz, StabilityAI's, H's cofounders, Sam Altman, Noel Hurley, they're, Nathan Benaich, Samir Kumar, Kumar, Peter J, Liu, Hurley, Benaich Organizations: Service, Sequoia, Black, Labs, TechCrunch, Accel, UiPath, NEA, Founders, Air Street Capital, Literal Labs, Touring Capital, Meta, Google Locations: Capital's, Paris, Sutskever

☆ Cramer's Lightning Round: 'I'm going to stay away from' Mobileye Global
▼ + stars: | 2024-10-15 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Cassava Sciences' year-to-date stock performance. Cassava Sciences : "They do have an Alzheimer's trial, but Lilly has an Alzheimer's formulation that is very good. And Lilly does have the edge on everybody else." Stock Chart Icon Stock chart icon Mobileye Global's year-to-date stock performance. Mobileye Global : "...I think it's just too hard to tell, I'm going to stay away from it."

Persons: Lilly, Mobileye Organizations: Mobileye

☆ Harris PAC's $1 million contribution from Ripple's Chris Larsen shows crypto industry warming to VP
▼ + stars: | 2024-10-15 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

In total, Larsen has given around $1.9 million to support Harris' campaign directly and through PACs, according to FEC data compiled by crypto market and blockchain analyst James Delmore and independently verified by CNBC. Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to a recent report from the nonprofit watchdog group Public Citizen. "What we've had to date has been almost like purposeful chaos by Gensler to kind of crush the domestic industry," Larsen said. Horowitz said that he and his wife, Felicia, "have known Vice President Harris for over 10 years and she has been a great friend to both of us during that time." On Monday, the Harris campaign unveiled its "Opportunity Agenda for Black Men" in a report.

Persons: Chris Larsen, Donald Trump's, Chris Larsen isn't, Ripple, Kamala Harris, Larsen, who's, Harris, he's, Biden, " Larsen, isn't, James Delmore, that's, Evelyn Hockstein, Andreessen Horowitz, Trump, keynoted, Josh Shapiro, John Deaton, Massachusetts Republican who's, Democratic Sen, Elizabeth Warren, Nancy Pelosi, Gary Gensler, Brad Garlinghouse, Marvin Ammori, Skybridge Capital's Anthony Scaramucci, Scaramucci, Warren, Ben Horowitz, Marc Andreessen, Horowitz, Felicia, Delmore Organizations: YouTube, White, CNBC, Biden, Democratic, Harris, Fund, Forbes, Public Citizen, U.S, Erie International Airport, Democratic Pennsylvania Gov, Massachusetts Republican, Nancy Pelosi Victory Fund, Biden PAC, SEC, Trump, Ripple, White House, Sen Locations: Bay, Erie , Pennsylvania, U.S, Nashville , Tennessee, Massachusetts, Washington ,, New York

☆ We still don't outwardly say China is the enemy, says Hayman Capital's Kyle Bass
▼ + stars: | 2024-10-15 | 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 EmailWe still don't outwardly say China is the enemy, says Hayman Capital's Kyle BassKyle Bass, Hayman Capital Management founder and CIO, joins 'Squawk Box' to discuss state of the Middle East tensions, what Israel's retaliatory strike against Iran should be, China's threat to U.S., impact of the 2024 election, and more.

Persons: Hayman Capital's Kyle Bass Kyle Bass Organizations: Hayman Capital Management Locations: China, Iran, U.S

☆ Rally in Chinese stocks is showing some exhaustion. How to trade it from here with options
▼ + stars: | 2024-10-15 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

However, stocks don't usually climb in a straight line, and many of these names are showing signs of exhaustion after a significant rally. This time, I'm introducing a new indicator for my trade setup: the MACD (Moving Average Convergence Divergence). In the case of BABA, the blue line (the MACD line) is crossing below the yellow line (the signal line). The trade To capitalize on a pullback in BABA, I'm using a trade structure called a "bear put spread." For example, if BABA is trading at $102, I would buy a $103 put (higher strike) and sell a $101 put (lower strike) to complete the trade setup.

Persons: I'm, it's, BABA, Nishant Pant Organizations: PDD Holdings, Baidu, Futu Holdings, CNBC, NBC UNIVERSAL Locations: BABA

☆ Earnings revisions should pick up again, says iCapital's Anastasia Amoroso
▼ + stars: | 2024-10-14 | 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 EmailEarnings revisions should pick up again, says iCapital's Anastasia AmorosoAnastasia Amoroso, iCapital chief investment strategist, joins 'Closing Bell' to discuss markets, earnings revisions, and the likelihood of a soft landing.

Persons: iCapital's Anastasia Amoroso Anastasia Amoroso

Search resuls for: "Al's"

25 mentions found