Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Www.Linkedin.Com In"


25 mentions found


Alphabet CEO Sundar Pichai received $226 million in total compensation in 2022, most of which came through stock awards, according to a securities report filed by the company on Friday. His annual salary was $2 million from 2020 to 2022, the filing stated. The CEO's compensation package also included almost $6 million for personal security in 2022. Other Alphabet and Google principal executives made approximately $22 million to $35 million in annual stock awards, according to the filing. The report comes as Alphabet is initiating cost restructuring measures, including layoffs in January that eliminated 12,000 workers, or 6% of its workforce.
CNBC Pro used FactSet data to scan the stock market to find the biggest winners of the week — and then looked to find out where Wall Street thinks these stocks are headed in coming months. One name that stuck out on the list was once-troubled regional bank PacWest Bancorp , which jumped almost 12% this week as of Friday morning. Wall Street believes shares have 55% upside, according to the consensus 12-month price target set by analysts. PacWest shares had a strong week after regional banking peer Western Alliance Bancorp posted quarterly adjusted earnings, according to FactSet. BJ's Restaurants ' stock rose 9.2% this week after Wedbush Securities upgraded shares to outperform from neutral.
CSX reported earnings of 48 cents per share for the latest quarter, compared to a Refinitiv estimate of 43 cents per share. Pool - Shares of the pool company popped more than 3% after Stephens upgraded the stock to overweight from equal weight. Procter & Gamble – The stock rallied nearly 4% after Procter & Gamble posted earnings and revenue for its fiscal third quarter that beat analysts' expectations. The healthcare services company posted earnings per share of $4.85 and $15.59 billion in revenue. The company reported that its quarter-end deposits fell 2.5% but remained stable in March.
U.S. Supreme Court Chief Justice John G. Roberts poses during a group portrait at the Supreme Court in Washington, U.S., October 7, 2022. The chairman of the Senate Judiciary Committee on Thursday invited Supreme Court Chief Justice John Roberts to testify next month before the panel about ethics reform of the court. Last week, the same news outlet reported that Thomas failed to disclose that Crow had purchased property from Thomas and his relatives, which included a house where Thomas' mother still lives. In his letter Thursday to Roberts, Durbin wrote, "Your last significant discussion of how Supreme Court Justices address ethical issues was presented in your 2011 Year-End Report on the Federal Judiciary." A Supreme Court spokeswoman did not immediately respond to CNBC when asked if Roberts would accept Durbin's invitation to appear before the committee.
Whole Foods plans to reorganize certain global and regional support teams over the next two months, the company's executive team wrote in a memo to employees on Thursday. Creating a unified, companywide Operations team by transitioning category-specific store operations support from regions to a single Field Support team within our Global Operations team. by transitioning category-specific store operations support from regions to a single Field Support team within our Global Operations team. Enhancing Team Member Services (TMS) support for Team Members and Leaders across the company by realigning TMS team structures. Adjusting structures and improving processes of several other Global Support teams to provide more effective, timely, and consistent support to stores and ensure support teams can focus on priority initiatives.
CSX — The transportation company's shares were up 2.6% after the company's first-quarter earnings and revenue topped analysts' expectations. CSX posted earnings of 48 cents per share and revenue of $3.71 billion. Knight-Swift Transportation — Shares fell less than 1% after the freight transportation company reported a miss on earnings for the first quarter. The company reported adjusted earnings of 73 cents per share, while analysts estimated per-share earnings of 81 cents, according to FactSet. However, the company's revenue of $1.64 billion came above analysts' expectations of $1.61 billion.
While Charles Schwab shares are up about 20% from their March low, boutique equity research firm Redburn isn't so sure the recovery is warranted. Analyst Charles Bendit downgraded Charles Schwab to sell from neutral on Thursday. Schwab shares are off some 38% from this year's high reached in early January. SCHW YTD mountain Charles Schwab stock To be sure, several prominent investors, including Oakmark Funds' Bill Nygren, are among many who have opted to buy the dip in Schwab. "Potential re-regulation of midsize banks in the wake of the regional banking crisis might impact Schwab," Bendit said.
PROS Holdings ' growth story is only getting stronger, according to Oppenheimer. Industries ranging from airlines to consumer goods already use PROS Holdings' software to give buyers precise personalized offers. "PROS Holdings is an improving profitable growth story and a play on AI-enabled sales optimization solutions for travel and business-to-business commerce. "We estimate PROS Holdings' market opportunity is $9B+ with only a small portion served by pure-play SaaS vendors," Schwartz said. He added that he "see[s] a long, profitable growth runway for the most innovative vertical software suppliers, like PRO."
WASHINGTON — A bipartisan bill to authorize the U.S. Mint to alter the metal content of coins in order to save taxpayers money will be reintroduced on Thursday, the two senators sponsoring the bill told CNBC exclusively. Officially titled the Coin Metal Modification Authorization and Cost Savings Act, the legislation was originally introduced in both the House and Senate in 2020. The bill passed the House that year with overwhelming bipartisan support. "I urge my colleagues on both sides of the aisle to support our bipartisan bill." "This commonsense, bipartisan effort will modify the composition of certain coins to reduce costs while allowing for a seamless transition into circulation," Ernst said.
Jefferies says it's "bowling for a strike" with Bowlero shares. Analyst Randal Konik initiated coverage of the bowling center operator with a buy rating in a report issued Wednesday. Jefferies has a $23 price target on Bowlero shares, implying that the stock could soar 51% from where it closed Tuesday. Konik believes Bowlero has "significant white space opportunity" both in the U.S. and internationally. "The Street underappreciates the potential upside from these initiatives, and we see robust [free cash flow] generation ahead," he added.
United Airlines — The airline lost 0.9% in the premarket after it announced a net loss for the first quarter. The company reported $11.43 billion in revenue, slightly above the $11.42 billion estimated. The company posted earnings per share of $1.35, which fell below the $1.41 consensus estimate from analysts polled by Refinitiv. Ally Financial — The digital financial services company's shares were down 1.3% after its first quarter earnings and revenue missed Wall Street's expectations. The company reported adjusted earnings per share of $1.23, topping against a consensus estimate of $1.20 per share, according to FactSet.
WASHINGTON — Securities and Exchange Commission Chairman Gary Gensler faced a barrage of criticism from House Republicans on Tuesday over his agency's crackdown on cryptocurrency trading platforms. In more than four hours of testimony before the House Financial Services Committee, Gensler stood firm on his view that crypto trading platforms and exchanges should abide by strict U.S. securities laws. "All of these companies should come into compliance with the law, and until they do, we will continue to pursue them as the cop on the beat, and investigate and follow the facts and law," Gensler told the panel. Gensler, however, rejected the notion that crypto trading platforms don't know how to interpret U.S. securities laws. Facing the House committee on Tuesday, Gensler showed little sympathy for the challenges faced by crypto exchanges operating in the U.S."We have a clear regulatory framework built up over 90 years," he said.
WASHINGTON — The top Democrat in the House slammed Republicans' plan to pass a bill later this month to suspend the debt ceiling for a year and impose broad federal spending cuts, rather than simply raise the $31.4 trillion limit and avoid any risk of potential U.S. debt default. "Even the flirtation with the default is going to hurt everyday Americans," House Minority Leader Hakeem Jeffries told CNBC's "Squawk Box" on Tuesday. "It risks raising car payments, it risks raising home mortgage payments, it risks raising student loan debt payments," he said. The New York Democrat said refusing to raise the debt ceiling for the first time in history would have "catastrophic" consequences. Securities and Exchange Commission Chairman Gary Gensler echoed Jeffries' concerns Tuesday, telling lawmakers that the debt ceiling fight has already affected the markets.
Amazon on Tuesday began laying off some employees in its advertising as part of CEO Andy Jassy's effort to rein in costs, the company confirmed. Jassy last month announced Amazon would lay off 9,000 employees, on top of the 18,000 cuts already announced last November and in January. In March, Jassy said the latest round would affect employees in Amazon's advertising, cloud computing, Twitch livestreaming and human resources divisions. Importantly, I want to acknowledge and thank our impacted colleagues for the work they have done on behalf of Amazon Ads customers. PaulWATCH: Watch CNBC's full interview with Amazon CEO Andy Jassy on message to investors, new AI tools and stock price
The new world order is pushing aerospace and defense stocks higher, for better or for worse, says Ritholtz Wealth Management CEO Josh Brown. Shares of defense contractor Lockheed Martin were up 2.7% to a record on Tuesday afternoon. He added that a "rejiggering" of the geopolitical landscape in other regions, such as East Asia, has also led to defense stocks having a breakout moment. "Outside of Boeing, everything else in this thing makes helicopters and missiles," Brown said, speaking about the ITA. ITA LMT 1Y mountain iTA ETF and Lockheed Martin shares are up Correction: Josh Brown is CEO of Ritholtz Wealth Management.
Deutsche Bank says Disney 's strong film slate makes it a good time for investors to revisit the stock. The bank reiterated its buy rating on Disney shares. Analyst Bryan Kraft raised his price target to $135 from $130 — implying shares could rally 34.6% — as the bank raises its short- and long-term earnings estimates for Disney. The analyst set his price target for the next 12 months, while many of his other growth projections in the note are based on Disney's fiscal year. DIS YTD mountain Disney stock Shares of Disney are up 16% in 2023 but down more than 20% in the past 12 months.
U.S. Sen. John Fetterman (D-PA) waves to reporters as he arrives at the U.S. Capitol on April 17, 2023 in Washington, DC. WASHINGTON — Senate Minority Leader Mitch McConnell and Democratic Sen. John Fetterman both returned to the Capitol on Monday after significant medical absences, leaving only one senator, Democratic Sen. Dianne Feinstein, still away with no firm return date. Fetterman, a 53-year-old from Pennsylvania, stepped away from the Senate in February to seek inpatient treatment for clinical depression at Water Reed Army Medical Center. "I want everyone to know that depression is treatable, and treatment works," Fetterman said in a statement after return home from the hospital. The return of both Fetterman and McConnell this week after the Senate's Easter recess has served to highlight the one senator who has not returned from their prolonged medical absence: the California lawmaker Feinstein, an 89-year-old who last voted in the Senate in early February.
US House Speaker Kevin McCarthy arrives on Wall Street to deliver a speech on the econony at the New York Stock Exchange (NYSE) in New York on April 17, 2023. It's an unusual setting for a political speech, but McCarthy's visit Monday will echo former President Ronald Reagan's visit to the floor in 1985, his first of two as president. As Congress returns to from a two-week recess to a summery capital where the Treasury Department's mid-summer debt ceiling deadline feels tangibly closer, McCarthy finds himself in an increasingly difficult position. In a statement Monday morning in advance of McCarthy's speech, White House spokesman Andrew Bates accused the California Republican of "holding the full faith and credit of the United States hostage, threatening our economy and hardworking Americans' retirement." Meanwhile, McCarthy's own caucus of House Republicans isn't making his job any easier, since the GOP only has a slim majority.
Viridian Therapeutics is "a sight for sore eyes," according to Wells Fargo. Viridian's thyroid eye disease treatment VRDN-001 is currently undergoing clinical testing. Wells Fargo is confident it will gain market share even with Horizon's Tepezza already established in the market. Results for VRDN-001's phase one and two trials in chronic thyroid eye disease are expected in the second half of 2023. VRDN 1Y mountain Viridian Therapeutics stock —CNBC's Michael Bloom contributed to this report.
Piper Sandler said several positive catalysts are in sight for Biogen over the next several quarters. The firm named the foremost catalyst for Biogen as Alzheimer's treatment Leqembi , which it co-developed with Japanese pharmaceutical company Eisai. Specifically, while share today is minimal (0.7% of patients), docs project this share to almost quadruple within 6 months," Raymond wrote in a Monday note. Aduhelm is the controversial Alzheimer's treatment developed by Biogen and Eisai, whose sales fell below Wall Street's expectations as its efficacy was called into question. "For our part, we think Leqembi has set a high bar – especially with regard to safety," said Raymond.
Analyst Samik Chatterjee upgraded HP shares to overweight from neutral. "We are looking to turn a corner in relation to the headwinds that have plagued the PC end-market," Chatterjee wrote in a note Monday. He added that structural margin improvement in the printer segment should help HPQ offset some of the downward pressures from easing supply. The analyst admitted that HP still faces long-term challenges in its printer segment. Shares have jumped almost 11% in 2023 amid a rally in tech shares, after slumping almost 29% in 2022.
Piper Sandler is optimistic again on Enphase Energy , saying that the company's U.S. business is "not as bad as feared." The firm's upgrade comes after it downgraded Enphase shares to neutral in January 2023. ENPH YTD mountain Enphase Energy stock Harrison believes Enphase's earnings margins could reach the 40% range as the company ramps up its production and harvests credits from the Inflation Reduction Act. To be sure, he noted that an unexpected declaration in the company's international expansion is a risk to his optimistic outlook on the stock. Enphase shares have dropped 21.1% in 2023, but have gained more than 9% over the past 12 months.
Jefferies says it's time to "hitch a ride" on Uber shares. "We believe UBER's dominant scale and network effect support greater reinvestment into customer experience/ adoption, which should spur frequency/stickiness and grow market share over time," he continued. This expansion will help boost growth in its Delivery segment, says Jefferies, which has already doubled since pre-pandemic levels. Uber could lose its market share to its direct competitors in the Mobility and Delivery spaces — which could drive down shares. Uber shares were up 0.4% Monday before the bell.
UBS says Okta 's "compelling mix of growth and improving profitability" is currently underappreciated by investors. The bank initiated coverage on Okta with a buy rating and a price target of $100, which implies 35% upside from Friday's closing price. However, the workforce identity software company's stock has dropped more than 48% over the past 12 months. UBS thinks Okta's margin expansion opportunity is not yet fully appreciated by investors. "Our Buy Rating and constructive view on Okta is predicated on the company's ability to accelerate growth in CY24 while continuing to deliver meaningful margin expansion.
It's time to take some profit in First Solar after the stock's big run-up, according to Deutsche Bank. To be sure, the analyst raised its price target on the stock to $230 per share from $190. Yet, we believe that the current stock price … represents an expensive entry point for investors; we would see a valuation range of below $200/sh as more attractive." "We would look to get more constructive if the share price sees a significant downside," Blanchard said. Deutsche named Enphase Energy as its top long-term buy name among solar energy companies.
Total: 25