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☆ Cramer's Lightning Round: PepsiCo is 'just too darn hard'
▼ + stars: | 2024-11-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Intuitive Machines' year-to-date stock performance. Stock Chart Icon Stock chart icon PepsiCo's year-to-date stock performance. Stock Chart Icon Stock chart icon Occidental Petroleum's year-to-date stock performance. Stock Chart Icon Stock chart icon Globe Life's year-to-date stock performance. Jim Cramer's Guide to Investing Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter.

Persons: I'm, Jim Cramer's Organizations: PepsiCo, Occidental, Occidental Petroleum, Globe

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Persons: you'd, Hannah Van, Sickle, Hannah, Read, Evelyn Organizations: Mutual, Business, Omaha Life Insurance, Nebraska's Creighton University, Fortune, Insurance, Omaha Life, Get, Policygenius, Cons Mutual, Express, Omaha Universal Life, Life Insurance, Better, National Association of Insurance, Farm, Nationwide, York, York Life, New York Life, Plus, New York, . Northwestern Mutual Northwestern Mutual Life Insurance, Northwestern Mutual, Globe, Globe Life, Life, Chevron, Omaha, Berkshire, Berkshire Edge, Personal Finance Locations: Omaha, New, New York, York, Chevron, CA, LA, NH, NY, NC, WI, Berkshires, Massachusetts, Refinery29

☆ EEOC says Globe Life "created, condoned" a work environment that is hostile and abusive to women
▼ + stars: | 2024-09-27 | by ( Susan Antilla | ) www.businessinsider.com time to read: +10 min

Federal agency finds Globe Life tolerated nonconsensual touch, unwelcome genital exposure, sexual quid-pro-quos at top agency. EEOC says agents at the Globe Life agency were employees, not contractors. Equal Employment Opportunity Commission has found that Globe Life tolerated a "pervasive pattern of harassing conduct" against women at one of its top-producing sales agencies. American Income Life is one of five wholly owned subsidiaries of Globe Life that sell life, accident, and supplemental health insurance. Globe Life disclosed that risk in its filing this morning with the SEC and said it would fight any such lawsuit vigorously.

Persons: EEOC, —, Arias, Mark P, Carey, Renee Zinsky, Michael Russin, she'd, Zinsky, AIL, Sarah Reay, Matthew D, Trina Orlando, Anne Rose Dana, King, Jennifer Haworth, Simon Arias, partied, marshaling, Globe, Panda, Wilmer Hale, Matt Darden, Abeni Mayfield, Department of Justice —, Deborah A, Kane, Amy Williamson Organizations: Globe Life, Service, Commission, Business, BI, Globe, Arias Organization, Securities and Exchange Commission, Wexford, King & Spalding, Las, Department of Justice, Research, SEC Locations: Southport , Connecticut, Wexford, Pennsylvania, Morgantown , West Virginia, Las Vegas, Columbia , Maryland, Pittsburgh

☆ MLB is aiming for a more national strategy, commissioner says
▼ + stars: | 2024-09-10 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +3 min

As part of its changing mentality, the MLB has its sights set on becoming a more national sport, according to Manfred. "We need a more national strategy," Manfred told CNBC's Scott Wapner. Because of the amount of content, I think there will be some local component but I think the strategy needs to be more national and our reach needs to be more national." But Sabathia said the league needs to do a better job of creating and marketing star starting pitchers specifically. It's star pitchers, it's starting pitchers."

Persons: Aaron Judge, Rob Manfred, Manfred, Albert Pujols, Elly De La Cruz, CNBC's Scott Wapner, Sabathia, Aaron, Juan, Soto, It's Organizations: New York Yankees, Texas Rangers, Globe, Major League Baseball, MLB, CNBC, Sabathia, Cincinnati Reds, Diamond Sports, ESPN, Negro Leagues Locations: Arlington , Texas

☆ Alphabet earnings and 3 more things we're watching in the stock market next week
▼ + stars: | 2024-07-20 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

But in general, this is the kind of development we've hoped to see ever since Starbucks' massive earnings miss April 30. We'll take the nearly 7% pop in shares Friday and hope it's only the beginning of recovery for the beaten-up stock. Fed's fave inflation measure : The personal spending and income report will be the most closely watched economic report next week. Earnings : As the second-quarter earnings season picks up pace, we'll hear from five Club holdings next week including Google parent Alphabet . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Russell, Donald Trump, — Trump, Jim Cramer, Trump, Donald Trump's, Taiwan's TSMC, Joe Biden's, Biden, Biden's, he's, Elliott, we've, We'll, it's, we'll, Sartorius, Ford, Jim Farley, We're, Honeywell management's, —, Zions, BOK, Brown, BRO, Lockheed Martin, Philip Morris, Clark, Lamb, Edwards Lifesciences, DOV, Dr Pepper, CARR, Baker Hughes, Booz Allen Hamilton, Jim Cramer's, Jim Organizations: Federal Reserve, Nasdaq, Dow, Republican National Convention, GOP, Bloomberg Businessweek, Trump, Elliott Management, Starbucks, Street Journal, Technology, General Motors, Honeywell, Dover, Products Company, Verizon, Truist, SAP, Semiconductors, Crown Holdings, Cadence Design Systems, Medpace Holdings, AGNC Investment, Logitech International S.A, KKR Real Estate Finance Trust, Berkley Corp, Spotify Technology S.A, United Parcel Service, GE Aerospace, GE, Cola Company, Lockheed, Comcast, Polaris Industries, Philip Morris International, Company, HCA Healthcare, Moody's Corporation, Enphase Energy, Texas Instruments Incorporated, Chubb Corporation, Seagate Technology plc, Maine, Packaging Corporation of America, Weatherford International plc, Canadian National Railway Company, FTAI Aviation Ltd, Mattel, Vertiv Holdings Co, Lamb Weston Holdings, NextEra Energy, Tenet Healthcare, Fisher, GE Vernova, Boston Scientific Corporation, General Dynamics, Lennox International, Software Technologies, CME Group, Fortive Corporation, Co, Roper Technologies, Teck Resources Limited, Blackstone Mortgage Trust, Economico Mexicano S.A, Dominion Freight, Otis Worldwide Corporation, OTIS, Ford Motor Company, Grill, Business Machines, IBM, Viking Therapeutics, Las Vegas Sands Corp, Newmont, Whirlpool, Globe, WM, O'Reilly Automotive, Annaly Capital Management, Honeywell International, American Airlines Group, Hasbro, Southwest Airlines Co, New York Community Bancorp, RTX Corporation, AstraZeneca, Carrier Global Corporation, Integer Holdings Corporation, Valero Energy, Texas, Juniper Networks, Boston Beer Company, Physicians Realty Trust, Allison Transmission Holdings, Corp, Columbia Banking, Digital Realty Trust, Edison International, Myers Squibb, Charter Communications, 3M Company, Booz, Centene Corporation, AON, Barnes, Colgate, Palmolive, Jim Cramer's Charitable, CNBC, U.S Locations: U.S, Taiwan, FactSet, China, Dover, Cleveland, Alexandria, ZION, W.R, Freeport, Kimberly, Cal, Teck, Las, ORLY, New, Banc, Bristol, Milwaukee , Wisconsin

Learn moreThe MLB All-Star Game is back for another action-packed year. Keep reading to learn everything you need to know about how to watch the MLB All-Star game, whether you have cable or are looking to live stream it. And if you want to catch more MLB games this season, make sure to check out our 2024 MLB streaming guide. How to watch MLB All-Star Game in the USThe 2024 MLB All-Star Game will kick off on Tuesday, July 16 at 8 p.m. Check price at FuboHow to watch MLB All-Star Game from anywhereIf you'll be traveling outside of the US when the MLB All-Star Game occurs, you can still tune in to your streaming subscriptions using a VPN (virtual private network).

Persons: you've, we've, ExpressVPN Organizations: Business, MLB, Globe, National League, American League, FOX, Sling Locations: Arlington , Texas

☆ Teoscar Hernández becomes first Dodgers player to win the Home Run Derby
▼ + stars: | 2024-07-16 | by ( Homero De La Fuente | ) edition.cnn.com time to read: +2 min

Hernández hit 14 home runs in the final round to become the first Dodgers player in franchise history and seventh Dominican-born player to win the event. In the first round, Hernández belted 13 home runs before entering the three-out bonus period. Trailing behind Texas Rangers slugger Adolis Garcia’s 18 home runs, Hernández rallied by launching six home runs to surpass him and advance. Hernández managed to hit two home runs in the three-swing swing-off, while Bohm hit only one, to book his spot in the final. The time and pitches were reduced in the final round to two minutes and 27 pitches.

Persons: Teoscar Hernández, Bobby Witt Jr, Hernández, ” Hernández, Witt Jr, ’, Adolis Garcia’s, Alec Bohm –, Bohm, Stacy Revere Organizations: CNN, Los Angeles Dodgers, Derby, Kansas City Royals, Life, Dodgers, ESPN, Texas Rangers, Philadelphia Phillies, Phillies, League Baseball’s, National League, American League Locations: Arlington , Texas, Dominican

☆ Cleveland Guardians: Travis Bazzana becomes first Australian ever taken with top pick in Major League Baseball draft
▼ + stars: | 2024-07-15 | by ( Brad Lendon | Jacob Lev | ) edition.cnn.com time to read: +4 min

CNN —The Cleveland Guardians selected Australian second baseman Travis Bazzana with the top pick in the 2024 Major League Baseball Draft on Sunday, the first time an Aussie has been taken in the first round - let alone with the first overall pick - for the world’s premier baseball league. With his selection by Cleveland, Bazzana will join a franchise with the best record in the American League and the second-best record in MLB as well as baseball’s No. Now he hopes his pick at the top of the MLB Draft will translate into more Australians dreaming of the baseball diamond. Travis Bazzana was selected first overall by the Cleveland Guardians during the 2024 MLB Draft at Cowtown Coliseum on July 14, 2024 in Fort Worth, Texas. The MLB Draft continues through July 16 ahead of the MLB All-Star game at Globe Life Park in Arlington, Texas.

Persons: Travis Bazzana, Bazzana, Steven Kwan, Jeff Moreland, ”, we’ve, Sam Hodde, Chris Antonetti, Travis, he’s, Paul Skenes, Cleveland, Chase Burns, Charlie Condon, Golden, – Organizations: CNN, Cleveland Guardians, Major, Baseball, world’s, Oregon State University for, Australia, Cleveland, American League, MLB, Oregon State Beavers, Turramurra High, Oregon State University, ESPN Australia, ESPN, Guardians, Cowtown Coliseum, Images, Collegiate, American, Major League, Pittsburgh Pirates, Cincinnati Reds, Wake, NCAA Division, The Colorado Rockies, University of Georgia, Life Locations: Kentucky, Lexington, Sydney’s, Fort Worth , Texas, Arlington , Texas

☆ Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying
▼ + stars: | 2024-05-15 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Insurer Ace Limited acquired the original Chubb in 2016 for $29.5 billion in cash and stock, and the combined company adopted the Chubb name. His conglomerate Berkshire Hathaway has bought nearly 26 million shares of Zurich-based Chubb for a stake worth $6.7 billion. Warren Buffett finally revealed his secret stock pick in a new regulatory filing, and it's insurer Chubb . Mystery unveiledBerkshire has been keeping this purchase secret for three quarters straight. Berkshire was granted confidential treatment to keep the details of one or more of its stock holdings confidential.

Persons: Warren Buffett, Chubb, Evan Greenberg, Maurice Greenberg Organizations: Berkshire, Ace, American International, Berkshire Hathaway, Alleghany, Chevron, Verizon Locations: Omaha , Nebraska, Zurich, The Omaha, Berkshire, Markel, Omaha

☆ Racism Alleged at Multiple Globe Life Affiliates
▼ + stars: | 2024-05-10 | by ( Susan Antilla | ) www.businessinsider.com time to read: +20 min

"If I'd brought it up, I would have been blackballed," he told BI. She told BI that Lobello frequently sent her racist memes he found online that contained the N-word. AdvertisementBell, in the hat at right, at a team dinner for an AIL agency then known as Giglione-Ackerman. In the areas she was assigned, she told BI, "most of the people were uninsurable" because of poor health, hard drug use, and poverty. If you work at Globe Life or AIL and have information to share about the company, please contact Susan Antilla at susan.antilla1@gmail.com .

Persons: Domenico Bertini, Chris Selejan, Rob Gray, James " Bo, E, Gentile, Organization —, Frank Svoboda, Warren Buffett's Berkshire Hathaway, Fuzzy Panda, Scott Dehning, AIL, Dehning, Jennifer Haworth, I'd, John L, Ann Marie Arcadi, Gray, Eric Giglione, Giglione, Bell, He'd, Brian W, Fraser, Popeyes, Morgan Lobello, Lobello she'd, y'all, Lobello, David Zophin, Ackerman, Andy Mercado, texted, quieted, Bell's, Raynaldo Lafontant, David Ackerman, Lafontant, Mercado, Sarah Reay, Reay, Debra Gamble, Gamble, Nicole Korkolis, Donnaya Presberry, Presberry, Abeni, Mayfield, Amy Williamson, Abeni Mayfield, Rosem Morton, Silvana Pajor Flores, Pajor Flores, Susan Antilla Organizations: Globe Life, Business, Globe, New York Stock Exchange, Texas Rangers, Dallas Cowboys, Organization, BI, Department of Justice, Research, Latina, Ackerman Agency, New Jersey Superior Court, SEAT, Giglione, Commission, Professional Employees International Union, Liberty National Division, Liberty National, Edison, AIL Locations: Kentucky, Bertini, Pennsylvania, McKinney , Texas, Michigan, West Virginia, New Jersey, Argentina, Aurora , Colorado, Edison , New Jersey, Edison, Giglione, Morgantown , West Virginia, Moon Township , Pennsylvania, Pittsburgh, Columbia , Maryland, Cumberland , Maryland, Kansas, Waco , Texas, Colorado, AIL, susan.antilla1@gmail.com

☆ Fresh customer-fraud allegations against Globe Life
▼ + stars: | 2024-04-30 | by ( Susan Antilla | ) www.businessinsider.com time to read: +9 min

Read previewThe embattled insurer Globe Life and its subsidiary American Income Life face new allegations of fraud, kickbacks, and misclassifying its army of sales agents. Neither Globe, AIL, or any affiliated agencies have requested a correction on BI's series, which has been cited in all three short-seller reports. Spokespeople for Globe, AIL, and Arias did not respond to inquiries about the Viceroy report. Viceroy today published excerpts from a civil complaint alleging that Globe Life required recruits to purchase the course from Xcel for $149, $119 of which was kicked back to Globe Life, AIL, and agency executives, an allegation Globe has denied. "As you might expect, these sales tactics do not engender long-term retention of policies," the Viceroy report states.

Persons: —, AIL, Fraser Perring, Nate Koppikar, Panda, Arias, Erica Robertson, Robertson, Amy Williamson, Renee Zinsky, Fuzzy Panda, Jamie Winters, Winters, Viceroy, AIL's, Antonio – Organizations: Service, Viceroy Research, Globe, Business, Research, Orso Partners, Insurance Department, Pennsylvania, Arias Organization, Social, Organization, AIL, BI, Department, Xcel, Liberty National Life, Ohio Department of Insurance Locations: Texas, London, Globe, Maryland, Pennsylvania, Arias's Wexford, California, Xcel, Ohio, Antonio

☆ Here are Wednesday's biggest analyst calls: Tesla, Amazon, Airbnb, Domino's, Walmart, Disney & more
▼ + stars: | 2024-04-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bernstein reiterates Tesla as underperform Bernstein said it still sees minimal positive catalysts ahead for Tesla following earnings on Tuesday. Bank of America upgrades Tesla to buy from neutral Bank of America said it sees a slew of "positive catalysts" ahead for Tesla shares following earnings on Tuesday. Citi downgrades Molson Coors to sell from neutral Citi said it's concerned about slowing growth. Citi upgrades SiriusXM to neutral from sell Citi said the risk/reward is now more balanced. Citi reiterates Amazon as buy Citi raised its price target on the stock to $235 per share from $215.

Persons: Piper Sandler, Piper, Bernstein, Tesla, underperform Bernstein, KBW, Wells, Citi downgrades Molson, it's, Oppenheimer, Domino's, it's bullish, DPZ, SIRI, Morgan Stanley, Morgan Stanley it's, GenAI, Guggenheim, Enphase, Jefferies Organizations: Tesla, Mizuho, Bank of America, of America, Packaging Corporation of America, Citi downgrades, Citi downgrades Molson Coors, Citi, TAP, Deutsche Bank, Deutsche, Computer, Micro, Sea Limited, fintech JV, Amazon, Disney, Atlanta Braves, Braves, Microsoft Locations: Singapore, BNPL

☆ Stocks making the biggest moves after hours: Nucor, Cleveland-Cliffs, Cadence Design Systems, Globe Life and more
▼ + stars: | 2024-04-22 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

First-quarter earnings of $3.46 per share fell below the FactSet consensus estimate of $3.67 in earnings per share. Alexandria Real Estate Equities — The stock advanced 1.2% after Alexandria surpassed first-quarter revenue expectations. The life sciences REIT posted revenue of $769.1 million, above the FactSet consensus estimate of $764.4 million. Packaging Corporation of America — The stock fell 1.8% in extended trading even as the maker of containerboard posted first-quarter earnings that topped estimates. Medpace — Shares dropped 4.3% after Medpace's first-quarter revenue missed estimates.

Persons: Crane, containerboard, Calix, FactSet, Simpson, Medpace, Medpace's, TrustCo, Darla Mercado Organizations: Cliffs, Cadence, Cadence Design Systems, FactSet, Globe, Crane, Alexandria Real, Packaging Corporation, America, Packaging Corp, Simpson, TrustCo Bank Corp, NY Locations: Cleveland, Alexandria, FactSet .

☆ Globe Life's stock crashed amid federal probes. Here's everything you need to know.
▼ + stars: | 2024-04-14 | by ( Katie Balevic | Susan Antilla | ) www.businessinsider.com time to read: +5 min

Globe Life Inc., a publicly traded insurance company based in Texas, was once flying high. Its top insurance agents basked in luxury with lavish company retreats and expensive sports cars. Related storyBy August 2023, Warren Buffett's Berkshire Hathaway had dumped over half of its 6.35 million shares of Globe Life. By then, Berkshire Hathaway had sold off all its shares in Globe Life. "It's disappointing that Globe Life neglected to address the evidence of insurance fraud and sexual misconduct that we uncovered."

Persons: —, Arias, Simon Arias III, Wolf, Renee Zinsky, Mike Russin, BI's, Warren Buffett's Berkshire Hathaway, Simon Arias, Abeni Mayfield, Berkshire Hathaway, AIL, Panda, Susan Antilla's, Nate Koppikar, Zinsky, Russin Organizations: Service, Business, of Justice, Life Inc, Arias Organization, Globe, Arias, Commission, AIL, Organization, BI, Department of Justice, Globe Life, Life, DOJ Locations: Texas, Pennsylvania

☆ These are the most overbought and oversold stocks on Wall Street after a wild week of trading
▼ + stars: | 2024-04-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

The stock market ended the volatile week lower, but there could still be opportunities for plenty of companies' shares to rebound. CNBC Pro used its stock screener tool to find the most overbought and oversold stocks on Wall Street as measured by their 14-day relative strength index, or RSI. Stocks with a 14-day RSI above 70 are considered overbought, which indicates that shares might soon turn lower. Devon Energy made the list of overbought stocks, dominated by oil and gas producers, with an RSI of 82. On the other hand, Texas-based life insurer Globe Life , with an RSI of just 3, is among the most oversold stocks on Wall Street.

Persons: Roger Read, Devon, Wells, Deere, Lamb Weston, FactSet, —, Fred Imbert Organizations: Dow Jones, CNBC Pro, Devon Energy, Exxon Mobil, Barclays, Exxon, Truist Securities, Deere, Globe, Research, Securities Locations: Devon, Wells, Delaware, Illinois, Texas, Lamb, Idaho

☆ Stocks making the biggest moves midday: Globe Life, JPMorgan, Zoetis, Wells Fargo and more
▼ + stars: | 2024-04-12 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Wells Fargo — Shares of the bank inched lower by less than 1% after it reported a decline in net interest income during the first quarter. Wells Fargo did beat analyst expectations for its first-quarter adjusted earnings and revenue. Globe Life — The life insurance stock bounced 10% after plummeting more than 50% during Thursday's session. The firm said shares were not worth purchasing ahead of the first quarter earnings report, given the weakness expected. Ciena — Shares slipped nearly 3% after Citi initiated coverage of the software company with a sell rating.

Persons: Jamie Dimon, Wells, LSEG, Corteva, Librela, — CNBC's Michelle Fox, Alex Harring, Tanaya Macheel, Pia Singh Organizations: JPMorgan, Street, Wells Fargo, BlackRock —, BlackRock, Fuzzy Panda Research, Paramount, Skydance Media, Citi, Wall Street, Solensia, Arista Networks, Rosenblatt

☆ Globe Life shares rebound about 20% after plummeting over 50% Thursday
▼ + stars: | 2024-04-12 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +1 min

Shares of Globe Life rebounded about 20% Friday morning after sinking 53% Thursday following a short-seller report alleging multiple instances of insurance fraud. Fuzzy Panda Research disclosed a short position in the Texas-based insurance company after it uncovered "extensive allegations of insurance fraud ignored by management despite being obvious and reported hundreds of times." The short-seller claims that Globe Life had insurance policies written for fictitious and deceased individuals, forged signatures and had funds withdrawn from bank accounts without customer approval. They also allege that fictitious bank accounts were used to fund fake insurance policies so employees met their bonuses. In a statement Thursday, Globe Life refuted the allegations and said they are "driven solely by short-term profit."

Organizations: Globe, Panda Research, CNBC Locations: Texas

☆ Globe Life shares plummet following short report
▼ + stars: | 2024-04-12 | 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 EmailGlobe Life shares plummet following short reportCNBC's Contessa Brewer reports on the news of a new short report from Fuzzy Panda Research.

Persons: Contessa Brewer Organizations: Globe, Fuzzy Panda Research

☆ Short-seller sends Globe Life shares plunging 53% as insurance giant calls report 'defamatory,' threatens legal action
▼ + stars: | 2024-04-12 | by ( Susan Antilla | ) www.businessinsider.com time to read: +12 min

Read previewShares of insurance giant Globe Life Inc. plunged 53% today and trading was halted eight times after a short-seller issued a damning narrative on the company. (Globe Life, AIL, and the other defendants denied the allegation in a legal filing.) Meanwhile, Warren Buffett's Berkshire Hathaway sold all 6.35 million shares of Globe Life stock the investor once held. In his April 3 presentation to investors, Koppikar called Globe Life "a dead-end pyramid scheme." He predicted that the DOJ investigation will hinder recruiting, "which is the lifeblood for pyramid schemes like Globe Life."

Persons: —, Arias, Panda, Fuzzy Panda, Steve Greer, Dave Zophin, Trina Orlando, Renee Zinsky, Zinsky, AIL, Simon Arias, Michael Russin, Amy Williamson, Zinsky's, Russin, Warren Buffett's Berkshire Hathaway, John Kane, Matthew D, Williamson, wasn't, I'm, Michael Clark, Renee, Jennifer Haworth, Abeni Mayfield, Susan Antilla, Orlando, Nate Koppikar, Haworth, J, Matthew Darden, Russin's, Koppikar Organizations: Service, Inc, Business, BI, Organization, Globe, AIL, Arias Organization, Agencies, Opportunity, Department of Justice, Globe Life, Russin, AAA, Orlando, Alpha, Reuters, DOJ Locations: Globe's, Pittsburgh, Columbia , Maryland, Mayfield, Arias

☆ Stocks making the biggest moves before the bell: JPMorgan, BlackRock, Globe Life and more
▼ + stars: | 2024-04-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

JPMorgan — The bank slipped 2.4% despite beating expectations on both lines and reporting lower credit costs than anticipated. Wells Fargo — Wells Fargo shares vacillated after reporting first-quarter earnings , but were recently up less than 1%. The bank topped Wall Street's expectations on the top and bottom lines, but reported a decline in net interest income. Citigroup — Shares rose more than 2% after the bank posted $21.1 billion in revenue , which was higher than analysts' expectations of $20.4 billion, according to LSEG. Globe Life — The insurer jumped about 9% in Friday's extended trading, rebounding after tumbling more than 50% in the prior session.

Persons: Jamie Dimon, LSEG, Thursday's, Raymond James, —, Macheel, Samantha Subin, Sarah Min, Michelle Fox Organizations: JPMorgan, Citigroup —, BlackRock, Blackrock, Research, Paramount, Skydance, Wolfe Research, Corteva, Citi Locations: Wells, LSEG

Hedge fund managers gathered Wednesday at the 2024 Sohn Investment Conference in New York to share their best investment ideas. It kicked off with "Next Wave Sohn," a session that features ideas from rising stars within the hedge fund industry. Endocrinology is an $8 billion market, but the cumulative market size, including the company's future therapy targets, is upward of $200 billion, which includes estimates for future obesity drugs, the investor said. It has CA$75 billion market cap with an "unbelievable record of success," according to the investor. The short seller noted that the company has a $5 billion market cap with about $4.8 billion of debt.

Persons: Sohn, Eric Wolff, Wolff, Michelle Ross, Cushing, Ross, Eli Lilly, Crinetics, XBI, Nikhil Daftary, Alimentation, Daftary, Chris Drose, Nate Koppikar, Fahmi Quadir Organizations: Investment, Gumshoe Capital Management Investment, Pason Systems Energy, Pason Systems, Gumshoe Capital Management, StemPoint, Pharmaceuticals, Crinetics Pharmaceuticals, StemPoint Capital, Endocrinology, Novo Nordisk, P Biotech, NK Capital Investment, NK Capital, Starbucks, McDonalds, Bleecker Street Capital, Orso Partners, Justice Department, Federal Trade Commission, Safkhet, Global Education Locations: New York, Canada, U.S

☆ Tesla is one of the most oversold stocks on the Street and could be due for a rebound
▼ + stars: | 2024-03-15 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

It may be time to buy shares of Tesla as a popular metric on Wall Street indicates shares could be ripe for a rebound. Analysts have a consensus hold rating on Tesla, which has a 14-day RSI of 29.4. Tesla shares this week dropped 7% after a Wells Fargo downgrade to underweight from equal weight. Boeing is also on the list of Wall Street's most oversold names. Other oversold names on the list include Amgen and Globe Life .

Persons: Tesla, Dupont De Nemours Organizations: Tesla, Dow Jones, Nasdaq, CNBC, Stock, Analysts, Boeing, LSEG, Southwest Airlines, Life, Targa Resources, Garmin, Waste Management, Devon Energy Locations: China, Wells

☆ Department of Justice opens probe of Globe Life, American Income Life
▼ + stars: | 2024-03-06 | by ( Susan Antilla | ) www.businessinsider.com time to read: +6 min

The U.S. Department of Justice has subpoenaed Globe Life Inc. and its subsidiary American Income Life seeking documents related to one of its top life insurance agencies — the Pittsburgh-based Arias Organization. Globe Life executives made no mention of the DOJ probe during a quarterly earnings call on February 8. In October, insurance regulators in Pennsylvania fined American Income Life $130,000 for engaging in deceptive consumer practices. "We do not believe the litigation will be material to Globe Life's overall results or American Income Life's agency operations," he said. Darden told the analysts that "as soon as American Income became aware of" the allegations, AIL hired an outside investigator to look into the matter.

Persons: Arias, Renee Zinsky, Michael Russin, Joel Scarborough, Globe's, Trina Orlando, Cathy Seifert, Seifert, Scarborough, Simon Arias, Natalie Price, AIL, Warren Buffett's Berkshire, James Darden, Darden, Zinsky, Janet Hendrick, Phillips Murrah, Kathryn D, Terry, Liz Rita, Susan Antilla Organizations: U.S . Department of Justice, Inc, Organization, News, Business, BI, CFRA Research, Securities and Exchange Commission, Globe, DOJ, Scarborough, US, Office, Western, Western District of Pennsylvania, Arias Agencies, The, Justice, Warren, Warren Buffett's Berkshire Hathaway, Commission, Department of Justice, AIL, Income, Zinsky, Law Locations: Pittsburgh, Scarborough, Western District, Pennsylvania, Dallas, Globe, Denver, AIL, susan.antilla1@gmail.com

☆ Apple releases free new sports app for iPhone
▼ + stars: | 2024-02-21 | by ( Kif Leswing | ) www.cnbc.com time to read: +5 min

The app, called Apple Sports, does one thing well: show sports scores from all the major teams and leagues. Apple services chief Eddy Cue said the company designed the app to be fast and simple for multiple quick checks per day. This new app, which won't come pre-installed on iPhones, is tightly integrated with Apple's other Services apps, such as the TV app and News app. It works for sports Apple carries, as well as games on streaming services that are connected to the Apple TV app, many of which still require a cable subscription but will increasingly be available from over-the-top streamers. Apple will also have features that will allow users to follow college basketball's March Madness tournament in the app, Cue said.

Persons: Aaron Judge, Roger Maris, Eddy Cue, incentivized, there's, it's Organizations: York Yankees, Texas Rangers, New York Yankees, Globe Life, Getty, Apple Sports, Major League Soccer, Apple, Super, Major League Baseball, Golden State Warriors, New England Patriots, Apple Apple, National Football League, YouTube, CNBC, National Basketball Association . Apple, Google, Apple News, Duke, Hollywood, Sports, MLB NFL NCAA, WNBA MLS, NCAA, NHL Bundesliga, Liga, Ligue, League Serie Locations: York, Arlington , Texas, U.S, Canada

☆ Berkshire Hathaway once again keeps new stock purchase secret, trims giant Apple stake
▼ + stars: | 2024-02-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway asked regulators to keep its new stock purchase secret for a second quarter in a row, while the conglomerate trimmed its massive Apple stake slightly in the fourth quarter, according to a new regulatory filing. Berkshire requested that the Securities and Exchange Commission keep the details of one or more of its stock holdings confidential. Many speculated that the secret purchase could be a bank stock as the 10Q filing for the third quarter suggested that Berkshire had purchased "banks, insurance, and finance" stocks for $1.2 billion. Apple, Chevron The Omaha-based conglomerate sold about 10 million Apple shares last quarter, the filing showed. HP, Paramount Berkshire significantly reduced its stake in Paramount , holding about 63.3 million shares at the end of December, or 32% fewer shares than the number in the previous quarter.

Persons: Warren, Berkshire Hathaway, Buffett's, Buffett, homebuilder D.R.Horton, Ted Weschler, Todd Combs Organizations: Berkshire, Securities and Exchange Commission, Chevron, Verizon, Apple, HP, Paramount, Paramount Global, Liberty, Occidental Petroleum Locations: Berkshire, Chevron The Omaha, Paramount Berkshire, New York, Houston

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