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☆ Stocks making the biggest moves midday: Roku, Tesla, AMC, AeroVironment and more
▼ + stars: | 2023-09-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Roku also boosted its third-quarter revenue guidance to between $835 million and $875 million, versus prior guidance of $815 million. AMC Entertainment — Shares tumbled 36.8% after AMC said it plans to sell up to 40 million new shares to raise cash. The issuance of additional shares was expected after it converted preferred APE shares into AMC common stock in August. Revenue also beat expectations, coming in at $152 million, versus the $129 million expected. Harley-Davidson — The motorcycle maker gained 3.16% after it authorized the repurchase of up to an additional 10 million shares.

Persons: Roku, Tesla, Elon Musk, Apple, AeroVironment, Thoma Bravo, Davidson, Zscaler, LSEG, Wall, Dexcom, —, Macheel, Alex Harring, Michael Bloom Organizations: Street, SpaceX, Twitter, AMC, Journal, Bank of America, LSEG, Revenue, Healthcare, Dominion Energy, Dominion, Southwest Airlines —, Southwest Airlines Locations: Virginia, China, Enbridge, Southwest

☆ Stocks making the biggest moves premarket: Enbridge, Roku, GitLab and more
▼ + stars: | 2023-09-06 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Roku also lifted its third-quarter revenue guidance, saying it now expects revenue to range between $835 million and $875 million, versus prior guidance of $815 million. Along with the workforce reductions, Roku said it plans to consolidate office space and review its content slate to trim expenses. Zscaler posted adjusted earnings of 64 cents per share while analysts polled by LSEG, formerly known as Refinitiv, expected 49 cents. Additionally, the cybersecurity company said earnings and revenue should come in ahead of what analysts anticipate in the current quarter. GitLab — Shares of the technology platform jumped 6.5% in premarket trading following a strong second-quarter report postmarket Tuesday.

Persons: Roku, Zscaler, Needham, GitLab, LSEG, Asana, AeroVironment, Sam Subin, Michelle Fox Theobald, Jesse Pound Organizations: LSEG, Revenue, Dominion Energy, Dominion, UBS, Southwest Airlines —, Southwest, Novo Nordisk — Locations: Hastings, Hudson , New York, Enbridge, Dallas, Danish, Europe

☆ A Google VP says the top trait she looks for when hiring people is a 'growth mindset' because they are willing to innovate
▼ + stars: | 2023-09-06 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Google's Asia Pacific vice president said its most successful employees have a "growth mindset." She explained that among Google's most successful staff "a growth mindset is a common characteristic … It's one of the biggest drivers of good performance and results." Part of having a growth mindset is viewing "your career not as a ladder to climb, but a jungle gym," which means being focused not just on moving up but across different areas to broaden your skillsets, Chadha said. O'Keefe offered advice on developing a growth mindset, emphasizing that it's all about nurturing your curiosity to increase your knowledge in different areas. A former Google recruiter of five years, Jeff Sipe, recently told Insider that "soft skills are just as important" when trying to land a job in tech.

Persons: they've, haven't, Chadha, Paul O'Keefe, Sweta Patel, O'Keefe, Jeff Sipe, Sipe Organizations: Google's Asia Pacific, CNBC, Service, Google Asia, Yale National University of Singapore Locations: Wall, Silicon

☆ Here are the 14 stocks Jim Cramer is watching, including Oracle, Roku and Southwest
▼ + stars: | 2023-09-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +1 min

In prepared remarks for a speech, she said the Fed is "well positioned to proceed cautiously in this uncertain economic environment." Those sentiments mesh with recent statements from Fed Chairman Jerome Powell and Fed Gov. I did not hear a resounding endorsement of the 27.5% tariffs on Chinese EVs. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. Thermo Fisher ScientificUBS downgrades "sainted" Block ToastMorgan Stanley goes equal weight from underweight (hold from sell) on First SolarAeroVironmentSouthwest Airlines

Persons: Susan Collins, Jerome Powell, Christopher Waller, Gina Raimondo, Jim Cramer's, Leerink, Morgan Stanley Organizations: Boston Federal, Fed, Oracle, Microsoft, Fisher Scientific UBS

☆ Jim Cramer says Roku getting serious about turning a profit is good news for the stock
▼ + stars: | 2023-09-06 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company's IPO at the Nasdaq Market in New York, September 28, 2017. Roku 's (ROKU) latest cost-cutting measures should attract additional investors to the streaming-device maker's stock, CNBC's Jim Cramer said Wednesday. But, in a securities filing Wednesday, Roku said it was laying off about 10% of its workforce, consolidating office space and removing some existing content from its own streaming service. The company said it will book restructuring and impairment charges related to these moves. Shares of Roku surged more than 7% on Wednesday, to over $90 each.

Persons: Roku, Jim Cramer, Cramer Organizations: Roku Inc, Fox, Nasdaq, Investors Locations: New York

☆ Roku stock jumps after company says it will lay off 10% of workforce
▼ + stars: | 2023-09-06 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Roku said it will lay off 10% of its workforce, or about 360 people, as the streaming software company looks to slash expenses. In a regulatory filing Wednesday, the company said the cost-cutting measures aim to bring down its year-over-year operating expense growth rate. The company added that it expects adjusted third-quarter revenue of between $835 million and $875 million, up from a prior forecast of $815 million. In addition, Roku raised its third-quarter guidance for adjusted EBITDA to a range of negative $40 million to negative $20 million compared to a prior estimate of negative $50 million. Roku expects impairment and restructuring charges in the third quarter of up to $330 million, including a range of $160 million to $200 million related to office facilities, and $45 million to $65 million related to the job cuts.

Persons: Roku, Jim Cramer Locations: San Jose , California

☆ Brands pouring money into film and TV content are the latest to demand more data sharing from streamers
▼ + stars: | 2023-09-05 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

They're pouring more money into Hollywood-style entertainment but want streamers to share more data. An industry effort is underway to standardize measurement of brand films. Brands are joining the chorus of content producers and creators demanding more audience data from Hollywood entertainment giants. Without transparency from the streamers, brands and their agencies rely on other measurements, some quantitative, some qualitative — typically a mix of things like critical reviews, social chatter, earned media, and sentiment. Most streamers don't show viewership data, so "you never really know how many people saw it," said Marc Gilbar, who leads Imagine's brands division.

Persons: Saint Laurent, who've, Gamble —, Brian Newman, REI, Hulu doesn't, Kyra Sedgwick, Paolo Mottola, Mottola, Megan Wells, who's, Ron Howard, Brian Grazer's, Marc Gilbar, Kimberly Doebereiner, Doebereiner Organizations: Hollywood, Brands, Pepsi, Companies, Procter, HBO, Unilever, Netflix, Hulu, Sundance Film, Brand Storytelling, G Studios Locations: Hollywood

☆ Walmart's corporate employees are getting a generative AI assistant while Amazon and Apple are restricting AI in the workplace
▼ + stars: | 2023-08-30 | by ( Grace Mayer | Aaron Mok | ) www.businessinsider.com time to read: +5 min

The retailer is embracing AI while other companies limit employees' use of AI in the workplace. It's one of many generative AI tools the company has already employed across to its 50,000 corporate employees. Walmart's provision of generative AI tools to its office workers is one of the ways the big box retailer seeks to integrate AI across the company. In-stores, Walmart employees can turn to an "Ask Sam" voice assistant to help them locate items. AdvertisementAdvertisementWhile some major US companies are torn on whether to embrace generative AI, others are introducing AI into their businesses with caution.

Persons: Donna Morris, Emerging Technologies Cheryl Ainoa, Sweta Patel, Sam, Doug McMillon, McMillon, Goldman Sachs, Estée Lauder, ChatGPT Organizations: Walmart, Service, Apple, Samsung, New Business, Emerging Technologies, Accenture, Tech, Meta, Netflix, ChatGPT Locations: Wall, Silicon

Where to watch FIBA World Cup basketball live streams free from anywhereYou can catch some of the FIBA World Cup action using free live streams in countries like New Zealand (TVNZ), Spain (RTVE), and France (France.tv). When: August 25 - September 10How to watch the FIBA World Cup in the USAESPN will stream all FIBA World Cup in the US across its various platforms. How to watch the FIBA World Cup in AustraliaYou have quite a few options for watching FIBA World Cup games in Australia. How to watch the FIBA World Cup in CanadaSportsNet is the only destination to watch the FIBA World Cup in Canada, and you'll only be able to watch the national team's games live. FIBA World Cup scheduleBelow is a full schedule of FIBA World Cup games that will run through the September 10 final.

Persons: Giannis Antetekounmpo, Luka Dončić, Rudy Gobert, Bodan Bogdanovic, Karl, Anthony Towns, ExpressVPN, Spain RTVE, Jordan Organizations: FIBA, NBA, FIBA World, New Zealand, TVNZ, ESPN, NBA.com FIBA, USA ESPN, ESPN2, USA, Subscription, Foxtel, Sky NZ, ESPN Australia, Kayo, Android, Apple, Samsung, LG, Amazon, PlayStation, Viewers, Canada SportsNet, New Zealand TVNZ, Blacks, Spanish, France Viewers, French, France, Araneta Coliseum Finland, Okinawa, Mexico, Asia Arena Latvia, Indonesia Arena Dominican, Araneta Coliseum Germany, Asia Arena Canada, Indonesia, B, Araneta Coliseum, Jordan, Asia Arena Iran, G, Indonesia Arena Slovenia, Serbia, Asia Arena Spain, Sunday, Araneta Coliseum Australia, Okinawa Arena Montenegro, Asia Arena Lebanon, Philippines, Araneta Coliseum Japan, Lithuania, Asia Arena France, Araneta Coliseum Venezuela, Okinawa Arena New Zealand, Asia Arena Cote d'Ivoire, Indonesia Arena Georgia, Okinawa Arena Puerto Rico, Asia Arena Brazil, Angola, Indonesia Arena Australia, Araneta Coliseum Montenegro, Wednesday, Araneta Coliseum Georgia, China Locations: Asia, Pacific, United States, Germany, Canada, Spain, France, China, Greece, Japan, Mexico, New Zealand, New, Australia, USA, Angola, Argentina, Cape Verde, Cote D'Ivoire, Czech Republic, Dominican Republic, Indonesia, Israel, Latvia, Lithuania, Poland, Puerto Rico, Serbia, Slovenia, Thailand, Turkey, United Kingdom, Taiwan, Finland, Italy, Montenegro, Lebanon, Philippines, Okinawa, Egypt, Sudan, Verde, . Georgia, Brazil, Venezuela, Zealand, Cote d'Ivoire, South Sudan, Iran

☆ The 20 Best Early Labor Day 2023 Sales
▼ + stars: | 2023-08-23 | by ( Bellamy Richardson | ) www.wsj.com time to read: +13 min

By Bellamy RichardsonLabor Day may not be until Sept. 4, but you don’t have to wait to take advantage of great Labor Day deals. Here are some of our early favorites; we’ll be continuing to add more early sales as they go live leading up to Labor Day Weekend. BrooklinenThe deal: 15% off sitewideHead over to Brooklinen’s Staycation/Early Labor Day Sale for 15% off bedding, bath and loungewear. There might be something for you at eBags during its Labor Day sale, running now through Sept. 12. LunaThe deal: 20% off sleep productsIf you’ve been craving a good night’s sleep, Luna’s Labor Day Sale might have just the thing to help you out.

Persons: Bellamy Richardson, we’ll, Staycation, unzipping, you’ll, Marigold, Casper, —, Luna, Luna’s, It’s, Spinner, puffiness, Stove’s Organizations: Labor, sitewide, Sage, Luna’s Labor, Sherpa, Cook Duo, Outer’s Labor, Navy, TSA, Stove’s Labor Locations: California

☆ How Bob Iger's big plan to shrink Disney could pay off and how it could backfire, according to industry insiders
▼ + stars: | 2023-08-22 | by ( Lucia Moses | ) www.businessinsider.com time to read: +11 min

After a run of acquisitions during his first tour as Disney CEO, Bob Iger is looking to shrink the company. "They are our film studios, our parks business, and streaming, all of which are inextricably linked to our brands and franchises." Verizon has reached out to Disney about partnering on a new ESPN streaming service, The Information reported. 2024 will bring some clarity to Disney's streaming business. "The streaming business with ESPN going direct to consumer can generate a lot of subscriptions and hopefully be a positive earnings contributor.

Persons: Bob Iger, He's, Iger, Wells, Steven Cahall, MoffettNathanson's Michael Nathanson, Iger's, hasn't, Macquarie, Tim Nollen, Doug Shapiro, Shapiro, Disney, It'll, there's, Tim Cook, Eddy, Drew Angerer, Disney's, Penn, Joel Simkins, Stratechery's Ben Thompson, Thompson, — Iger, mused, signups, he's, Kevin Lansberry, I'm, Nollen Organizations: Disney, ABC, FX, Geographic, ESPN, Google, Netflix, Warner Bros, Discovery, Warner Bros . Discovery, Comcast, Marvel, Pixar, Apple, Walt Disney, Turner Broadcasting System, Apple's, Hulu, ESPN Iger, Penn Entertainment, Houlihan, Global Technology Group, LightShed Partners, Verizon, Flagship Locations: Orlando , Florida, Sun

☆ Even with price hikes for Netflix and Disney+, streaming is still a cheap deal and way better than cable TV
▼ + stars: | 2023-08-22 | by ( Nathan Mcalone | ) www.businessinsider.com time to read: +4 min

But streaming TV is still a good deal. I wrote in May about why a wave of price hikes for ad-free streaming services was on the horizon. AdvertisementAdvertisementWhat's really coming to an end right now is not the end of cheap streaming but the end of cheap ad-free streaming. That's why cable TV mostly has ads (with some add-on exceptions like HBO and other premium cable channels). "Streamflation" is a drag, but I'm not pining for the cable bundle — and I doubt other cord-cutters are either.

Persons: I'd, It's, Ted Lasso Organizations: Disney, Netflix, Financial Times, Nielsen, Hulu, Free, Paramount, Apple

Learn moreAljamain Sterling and Sean O'Malley will meet inside the octagon for a UFC 292 main event to decide the UFC Bantamweight champion. We'll also guide you step-by-step on how to use a VPN to watch UFC 292, no matter where you are. How to watch UFC 292 everywhere elseIf you're not in the US, you still have a few options to watch UFC 292. In Canada, UFC 292 will be available as a pay-per-view through most TV providers and directly via UFC Fight Pass. UFC 292 Fight Card: Sterling vs. O'MalleyMain Card — 10 p.m.

Persons: Sterling, Sean O'Malley, We'll, Zhang Weili, Amanda Lemos, CEST, McGregor, ExpressVPN, O'Malley, Women's, Neil Magny, Ian Machado Garry, Da'mon, Mario Bautista, Marlon Vera, Pedro Munhoz, Chris Weidman, Brad Tavares, Gregory Rodrigues, Denis Tiuliulin, Austin Hubbard, Kurt Holobaugh, Brad Katona, Cody Gibson, Andre, Gerald Meerschaert, Andrea Lee, Natalia Silva, Karine Silva, Maryna Organizations: UFC, ESPN, ABC, TNT Sports, Amazon, Apple, PlayStation, Samsung, BT, BT Sport, You'll, LG, AEST, Sterling Locations: Canada, Australia, New Zealand, Germany, Italy, Spain, Poland, Switzerland, Asia, Africa, Brazil

☆ From cocktails to free rides, World Cup co-hosts fight to woo back tourists
▼ + stars: | 2023-08-19 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +6 min

In 2022, there were only about 1.4 million visitors, according to data provided by the government, still considerably below pre-pandemic levels. That’s why events like the Women’s World Cup are so important. Cities like Wellington and Auckland have catered to World Cup tourists by making public transportation free on game days for anyone with a match ticket. The extra effort has not gone unnoticed by tourists, especially those who have traveled to other World Cup events. Compared to the last Women’s World Cup in France, more businesses seem excited to welcome tourists, said US fan Carly Andler.

Persons: James Johnson, “, ” Johnson, ”, Monchy, CNN’s Richard Quest, Iain Walker, Chow Tory, Chow Tory's, Tara Subramaniam, Carly Andler, Andler, we’ve Organizations: Wellington CNN — Soccer, Football Australia, Tourism, Zealand’s Ministry of Business Innovation, New Zealand, Air New Zealand, FIFA, CNN, New Zealand’s Football Ferns, Wellington Chocolate Factory, Wellington City Council Locations: Australia, New Zealand, Tourism New Zealand, New, Tourism Australia, Cities, Wellington, Auckland, Dunedin, Hamilton, United States, Costa Rica, Spanish, Swedish, Italy, Japan, Rosebud, Bundaberg, Zealand, France

☆ Tech sell-off, rising yields push Cathie Wood's ARK ETF down 20% for month
▼ + stars: | 2023-08-18 | by ( David Randall | ) www.reuters.com time to read: +1 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Aug 18 (Reuters) - A swift sell-off in technology stocks and surge in Treasury yields are punishing Cathie Wood's flagship ARK Innovation ETF (ARKK.P), leaving the closely followed fund down more than 20% for the month of August. Much of the gains for the year came as inflation concerns ebbed and longer-duration Treasury yields subsided. Yet signs of strength in the U.S. economy have helped push 10-year Treasury yields up nearly 30 basis points this month to 10-month highs and within inches of their highest levels since 2007. Higher yields often weigh heavily on technology stocks by decreasing the value of their future profit. August has been particularly challenging for the fund, which has lost ground every trading day but two this month.

Persons: Cathie Wood, Brendan McDermid, Cathie, Wood, David Randall, Matthew Lewis Organizations: Ark Invest, CNBC, New York Stock Exchange, REUTERS, Innovation, Coinbase, Morningstar, Thomson Locations: New York City, U.S, New York

☆ Bob Iger is moving to shrink Disney — here's how industry insiders see his playbook and its potential pitfalls: 'Everything is not OK'
▼ + stars: | 2023-08-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +11 min

After a run of acquisitions during his first tour as Disney CEO, Bob Iger is looking to shrink the company. He's looking to Disney's IP-driven parks, streaming, and film studios to drive growth. "They are our film studios, our parks business, and streaming, all of which are inextricably linked to our brands and franchises." 2024 will bring some clarity to Disney's streaming business. "The streaming business with ESPN going direct to consumer can generate a lot of subscriptions and hopefully be a positive earnings contributor.

☆ Netflix to make its games playable on more devices
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mike Blake/File PhotoAug 14 (Reuters) - Netflix (NFLX.O) will test games on select TVs and computers in a first step to make them playable on more devices, the company's vice president of Games Mike Verdu wrote in a blog post on Monday. The streaming platform had begun its push into the gaming experience by launching Netflix games on mobiles in November 2021. "Oxenfree" from Night School Studio, a Netflix Game Studio, and "Molehew's Mining Adventure", a gem-mining arcade game, will be part of the initial testing. "By making games available on more devices, we hope to make games even easier to play for our members around the world," Verdu said. Netflix said games on TV will operate on select devices from initial partners Amazon Fire TV Streaming Media Players, Chromecast with Google TV and Roku devices, among others.

Persons: Mike Blake, Mike Verdu, Verdu, Samrhitha, Krishna Chandra Organizations: Netflix, REUTERS, Night School, Amazon, Google, Thomson Locations: Los Angeles , California, U.S, Canada, United Kingdom, Bengaluru

☆ As Hollywood Strikes Roll On, Viewers Have a Chance to Catch Up
▼ + stars: | 2023-08-12 | by ( John Koblin | More About John Koblin | ) www.nytimes.com time to read: +1 min

On his Amazon Prime page, Mr. Martinez had been seeing a tile for the show “The Boys” for some time. The superhero series was one he thought he had no interest in. “I’m enjoying it, and I’m glad I started it,” he said. Not all the viewers need a new old show to watch. “It’s a cartoon series for kids, but I’m not going to lie — it’s also for adults,” she said, laughing.

Persons: Eric Martinez, Martinez, “, ”, Brenda Stewart, ” She’s, King ”, Stewart, it’s, I’m Organizations: San Francisco Bay Area, HBO, Amazon, CSI, Disney Locations: San Francisco Bay

☆ How Warner Bros. Discovery's MotorTrend beat the odds and went from magazine publisher to a 9-figure video and digital business
▼ + stars: | 2023-08-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Digital and video content has become a nine-figure business with shows aimed at a broad audience. Building on its linear channel MotorTrend TV and DTC business MotorTrend+, it launched Warner Bros. Discovery's first free, ad-supported TV (FAST) channel last October, and it's slated to roll out its first Spanish-language FAST TV channel, MotorTrend Veloz TV, in August. Discovery formed a joint venture in 2017 of MotorTrend and its cable channel Velocity (since renamed MotorTrend TV). MotorTrend's FAST channel launch last fall on Samsung TVs coincided with Samsung launching its own automotive channel, Ride or Drive, for example.

Persons: Kevin Hart's, Hart, It's, MotorTrend, Alex Wellen, Discovery's, MotorTrend MotorTrend, jumpstart MotorTrend, Discovery, Wellen, Rob Corddry, Mike Suggett, Suggett, Kevin Hart, there's, — Organizations: MotorTrend Group, Warner Bros, Automobile, Harvard Business, Discovery Communications, Scripps Networks Interactive, HGTV, Food Network, CNN Worldwide, FAST, Samsung, YouTube Locations: MotorTrend, That's

☆ What the Street missed in earnings at Apple and Amazon — and where shares go next
▼ + stars: | 2023-08-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

In one quarter — one off-cycle quarter that didn't feature a no new iPhone — Apple (AAPL) delivered a whopping $81.8 billion in sales. I came up with "own it, don't trade it" for Apple because there have been so many quarters like this one. The people who sold Apple shares on Friday no doubt sold it on their Apple devices. I would be more worried if Apple's customer satisfaction went down than I am that iPhone sales lagged. Apple CEO Tim Cook speaks during Apple's Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California, on June 5, 2023.

Persons: Tim Cook, Luca Maestri, Tim, Jensen, da, Huang, Andy Jassy, Roku, Jassy, Goldman Sachs, Jim Cramer's, Jim Cramer, Jim, Josh Edelson Organizations: Apple, ESPN, Amazon, Web Services, Nvidia, Services, Walmart, Oracle, Amazon Web, Google, Jim Cramer's Charitable, CNBC, Apple's Worldwide, AFP, Getty Locations: Indonesia, India, Philippines, Mexico, Turkey, Texas, New Jersey, Cupertino , California

Keep reading for details on how to watch Paul vs. Diaz live streams once the bell tolls. How to watch Paul vs. Diaz live stream from anywhereThe UK has the best PPV price for Paul vs. Diaz. How to watch Paul vs. Diaz live streams in the USADAZN will also offer the pay-per-view event in the US. Paul vs. Diaz PPV Fight Bundle (ESPN+) Jake Paul vs. Nate Diaz will stream live on ESPN+. How to watch Paul vs. Diaz in AustraliaKayo Sports will offer the championship bout for Australian viewers.

Persons: Jake Paul, Nate Diaz, Diaz, Paul, he's, Amanda Serrano, Heather Hardy, DAZN, Cox, ExpressVPN, It's, CEST, UK's DAZN, Shadasia, Olivia Curry, Ashton Sylve, William Silva, Alan Sanchez, Angel Beltran Villa, Chris Avila, Jeremy Stephens Organizations: American Airlines Center, Paul, UFC, Amazon, Apple, Android, Samsung, LG, PlayStation, TV, Xbox, ESPN, ESPN Plus, Samsung Smart, DAZN's, Sports, UK's Locations: Dallas , Texas, USA, Australia

☆ Citi downgrades Roku, says revenue growth is already priced into the stock
▼ + stars: | 2023-08-03 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

Gains for Roku will be harder to come by, Citi warned. Analyst Jason Bazinet downgraded the streaming company to neutral from buy, but raised his price target to $100 from $75. Bazinet's new target suggests the stock could climb more than 9.6% in the next year from where shares finished on Wednesday at $91.25. "If Roku can revert to historical share gains, we believe Roku's total revenue can return to ~20% growth. However, given the run-up in the shares, we believe this may be largely priced into the equity."

Persons: Jason Bazinet, Bazinet, Roku, — CNBC's Michael Bloom Organizations: Roku, Citi Locations: U.S

☆ Shopify President Harley Finkelstein on earnings beat: We are laser-focused on performance
▼ + stars: | 2023-08-03 | 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 EmailShopify President Harley Finkelstein on earnings beat: We are laser-focused on performanceShopify President Harley Finkelstein joins 'Squawk on the Street' to discuss the company's quarterly earnings results, Roku partnership, changing consumer spending habits, and more.

Persons: Harley Finkelstein

☆ Stocks making the biggest moves midday: Southwest Airlines, Qualcomm, Roku, Clorox and more
▼ + stars: | 2023-08-03 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Qualcomm posted adjusted revenue of $8.44 billion, falling short of analysts' estimates of $8.5 billion, per Refinitiv. DoorDash also reported revenue of $2.13 billion in the second quarter, beating analysts' estimate of $2.06 billion, per Refinitiv. On Wednesday, the company reported earnings of 25 cents a share for the second quarter, while analysts forecast a loss of 13 cents a share, per Refinitiv. Expedia posted $3.36 billion in revenue, falling short of the $3.37 billion analysts expected, according to Refinitiv. The engine manufacturer reported earnings of $5.18 per share, excluding items, and $8.64 billion in revenue.

Persons: Jefferies, Etsy, DoorDash, Traeger, FactSet, Shopify, EVgo, Expedia, Cummins —, Cummins, —, Alex Harring, Yun Li, Michelle Fox, Hakyung Kim, Sarah Min, Pia Singh Organizations: Southwest Airlines, U.S . Federal Aviation Authority, Chicago Midway International, Citi, Simon Property, Simon Property Group, Qualcomm, PayPal —, PayPal, Refinitiv, Revenue Locations: Chicago, Refinitiv

☆ Here are Thursday's biggest analyst calls: Apple, Qualcomm, Roku, Etsy, Roblox, Robinhood, Sunrun and more
▼ + stars: | 2023-08-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

TD Cowen upgrades Ross to outperform from market perform TD Cowen said consensus is "underestimating [a] margin recovery" for Ross. TD Cowen downgrades Columbia to market perform from outperform TD Cowen said demand looks muted for Columbia Sportswear . Bernstein downgrades Etsy to market perform from outperform Bernstein said it's concerned about slowing growth. Piper Sandler reiterates Crocs as overweight Piper Sandler said the shoe company is "underpinned by +DD [double digit] earnings growth and compelling valuation." Citi reiterates Apple as buy Citi said it's standing by its buy rating heading into Apple earnings after the bell.

Persons: TD Cowen, Ross, Cowen, Bernstein, Etsy, it's, Piper Sandler, Crocs, CROX, QCOM, Jefferies, Simon, Telsey, Roblox, Morgan Stanley, Robinhood, Janney, Coke Organizations: TD Cowen downgrades Columbia, Columbia, Buyers, Citi, Deutsche Bank, Qualcomm, Apple, Simon, Bank of America, UBS, Costco Locations: underperform, Wingstop, 1Q22

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