DIRS.INFO The most relevant business & tech news

☆ Here are Wolfe's favorite stocks as market approaches fresh record
▼ + stars: | 2024-08-23 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

According to Wolfe, Expedia has returned just 3% over the last twelve months and an estimated 2024 price-to-earnings ratio of 10. The online travel agency is rated overweight by analysts polled by FactSet, who have a consensus price target implying 11% potential upside. Walgreens is another long-term favorite that popped up on Wolfe's screens. The stock has 25.3 % potential upside, according to analysts' consensus price target of $12.57, according to FactSet. Other stocks that made Wolfe's "Greatest Hits List" included coffee chain Starbucks , automaker General Motors and medical device maker Medtronic .

Persons: Wolfe, Jerome Powell, Chris Senyek, Expedia, FactSet, Bernstein, Richard Clarke, Clarke, Edgar Bronfman Jr, Bronfman's Organizations: Wolfe Research, Federal, Dow, Nasdaq, Walgreens Boots, Walgreens, Amazon, Paramount Global, Skydance Media, National Amusements, Paramount, General Motors Locations: Deerfield , Illinois

☆ Highmark Health says it's combining tech from Google and Epic to give doctors easier access to information
▼ + stars: | 2024-02-26 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +4 min

Highmark Health announced Monday that it's integrating technology from Google Cloud and the health-care software company Epic Systems to try to improve data gathering for providers and payers. Highmark, headquartered in Pittsburgh, is the parent company of a health plan with 7 million members, a provider network of 14 hospitals and several other entities. "Doctors don't need help once they have information; the problem is they don't have it," Farah told CNBC in an interview. Highmark said its new integration will also help it aggregate clinical data from its hospitals that representatives from its health plan need to access. The technology can automatically notify the health plan about upcoming patient visits, for instance.

Persons: Highmark, Dr, Tony Farah, Farah, Richard Clarke, Clarke, Amy Waldron, It's Organizations: Highmark Health, Google, Systems, Consumer, Microsoft, Amazon Web Services, American Medical Association, Care, Community Health, CNBC, Health Locations: U.S, Pittsburgh

“What we’ve seen with the Taylor Swift tour is something that we’ve not really seen before,” said Richard Clarke, an analyst at investment firm Bernstein. Taylor Swift performs at the Staples Center in Los Angeles in 2015. From Taylor Swift On her birthday in 2019, Swift shared this photo of herself as a child. From Taylor Swift A 13-year-old Swift sings the National Anthem before an NBA game in Philadelphia in 2002. John Mabangalo/Pool/Getty Images Swift performs during a sold-out show at New York's Madison Square Garden in 2009.

Persons: Tokyo CNN —, Taylor, Travis Kelce, Taylor Swift, we’ve, ”, Richard Clarke, Bernstein, “ It’s, TikTok she’d, curating, Kane Ishiyone, Swift, –, Ishiyone, Richard A, Brooks, Clarke, “, that’s, Christopher Polk, Scott, Andrea Swift, Jesse D, Tim McGraw, Kevin Winter, John Mabangalo, Chad Batka, Bryan Bedder, Larry Busacca, Miley Cyrus, Lucas Till, Hannah Montana, Sam Emerson, Everett, Jonas, Frank Masi, I'm, West, Beyoncé, Jeff Kravitz, Lucy Nicholson, Christopher Morris, Josh Haner, Kevin Mazur, James Taylor, Charles Sykes, Matt Sayles, Mark J, Terrill, Invision, Jimmy Fallon, Douglas Gorenstein, Nicholas Harvey, Kanye West, Kim Kardashian, Laraine Newman, Bill Hader, Taran Killam, Kristen Wiig, Keenan Thompson, Fred Armisen, Kerry Washington, Betty White, Bradley Cooper, Dana Edelson, Andrea, Ethan Miller, Tim Boyles, Selena Gomez, Jordan Strauss, Mike Coppola, John Shearer, Andrew Lloyd Webber, Brandon Urie, Katy Perry, Republic Records Jack Antonoff, Aaron Dessner, Will Heath, Seth Wenig, Terence Rushin, David Eulitt, Mitsumasa Etou, Akazawa, haven’t, It’s, Michele Bullock Organizations: Tokyo CNN, People, Kansas City Chiefs, Taylor, Getty, Super Bowl, Chicago Bears, dateline, Vegas, Staples Center, NBA, of Country, Garden, New York Times, New York's Rockefeller Center, Walt Disney Co, Kanye, Madison, MTV, NBC, ACM, Academy of Country, New York's Metropolitan Museum of Art, Universal Pictures, Coachella, Republic Records, New York University, Arrowhead, Chiefs, NET, Tokyo City University, Fuji, Tokyo, Reserve Bank of Australia, Reuters Locations: Tokyo, Las Vegas, Philippines, Fukuoka, Japan, Germany, Austria, Netherlands, Shibuya, AFP, Asia, Washington, Las Vagas, Los Angeles, West Reading , Pennsylvania, Philadelphia, New York, Auburn Hills , Michigan, Newark , New Jersey, Pennsylvania, Frankfurt, London, Arlington , Texas, Tampa, Chicago, Atlanta, Kansas City , Missouri, Asia Pacific, Singapore, Australia, East Coast

Lt. Gen. Richard Clark was hired last week to become the CFP's second executive director, replacing the retiring Bill Hancock. Mistrust and misaligned priorities among the conference commissioners who manage the CFP — triggered by realignment — along with leadership turnover in some leagues, snarled the expansion process. The next big item on the table for the College Football Playoff is negotiating a new television deal. The playoff is a small part of the changes coming to major college football. Sign up here___AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football

Persons: Richard Clark, Bill Hancock, Clark, “, they’ve, Hancock, ” Clark, ” Hancock, Mark Keenum, Keenum, Ralph D, Russo, ___ Organizations: Air Force Academy, Air Force, CFP, Mississippi State, College Football Playoff, ESPN, College, Big, Southeastern Conference, Atlantic Coast Conference, AP Locations: Mississippi

☆ Monday's analyst calls: PC stock upgrade, Jefferies sees steady growth for consumer giant
▼ + stars: | 2023-11-13 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

Jefferies initiated Colgate-Palmolive with a buy rating, citing a stabilization in market share loss. The firm initiated coverage of DevOps stock on Monday with a buy rating and a $56 per share price target. "In short, we think GTLB is well positioned to gain share with its platform offering in a rapidly growing ~$40B DevSecOps target market," analyst Gray Powell said. The firm initiated coverage of the consumer giant with a buy rating and a $87 per share price target in a Sunday note. Analyst Kaumil Gajrawala said the company's market share losses from the height of the pandemic have stabilized, allowing Colgate-Palmolive to enter a period of steady growth.

Persons: Jefferies, Edward Jones, Oracle Edward Jones, Oracle's, Logan Purk, Purk, Brian Evans, Gray Powell, — Brian Evans, Bernstein, TripAdvisor, Richard Clarke, Asiya Merchant, Kaumil Gajrawala, Gajrawala Organizations: CNBC, Colgate, Palmolive, Citi, HP Inc, Oracle, Google, Amazon Web Services, Jefferies, ~$

☆ IHG says funding challenges holding back new hotel development
▼ + stars: | 2023-10-20 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +2 min

A general view of an Intercontinental Hotel at The O2 in London, Britain October 20, 2020. Its shares were down 3.6% by 1044 GMT, with Bernstein analyst Richard Clarke attributing the drop to the slowdown in net unit growth and fears it might miss its full-year guidance. "We definitely see the light at the end of the tunnel," he said, adding that IHG was growing in new signings and system size. The group recorded growth across its leisure, business travel and group travel segments, Maalouf said in a statement. The hotel industry has benefited from a post-pandemic boom in leisure travel as people splurge their savings on vacations despite rising costs of living.

Persons: Matthew Childs, IHG, Bernstein, Richard Clarke, Leo Carrington, Elie Maalouf, Maalouf, Glover, Yadarisa, Subhranshu Sahu, Tomasz Janowski, Jan Harvey Organizations: O2, REUTERS, Citi, U.S, Crowne Plaza, Regent, Thomson Locations: London, Britain, China, Israel, Bengaluru

☆ IHG upbeat about 2023 results despite challenges holding back new hotels
▼ + stars: | 2023-10-20 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +2 min

The owner of the Crowne Plaza, Regent and Hualuxe hotel chains flagged economic uncertainties ahead and said that short- term financing challenges were holding back development of new hotels. The group recorded growth across its leisure, business travel and group travel segments, CEO Elie Maalouf said in a statement. While business travel revenue was already ahead of 2019 levels in the third quarter, group and meetings revenue was still below, finance chief Michael Glover told reporters. The hotel industry has benefited from a boom in leisure travel demand after the pandemic, as people splurge their savings on vacations despite rising costs of living. Reporting by Yadarisa Shabong in Bengaluru; Editing by Subhranshu Sahu and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Matthew Childs, Bernstein, Richard Clarke, Elie Maalouf, IHG, Michael Glover, Glover, Yadarisa, Subhranshu Sahu, Tomasz Janowski Organizations: O2, REUTERS, Crowne Plaza, Regent, Thomson Locations: London, Britain, China, Israel, Tel Aviv, Bengaluru

☆ Google announces new generative AI search capabilities for doctors
▼ + stars: | 2023-10-09 | by ( Ashley Capoot | ) www.cnbc.com time to read: +7 min

Google's new search capabilities can also be used for other crucial applications such as applying the correct billing codes and determining whether patients meet the criteria to enroll in a clinical trial, O'Malley said. Google Cloud on Monday announced new artificial intelligence-powered search capabilities that it said will help health-care workers quickly pull accurate clinical information from different types of medical records. Aashima Gupta, global director of health care strategy and solutions at Google Cloud, said the new Vertex AI Search capabilities can integrate directly into a clinician's workflow, which is of high importance for customers in the field. Customers can sign up for early access to Vertex AI Search for health care and life sciences starting Monday, but Google Cloud has already been testing the capabilities with health organizations such as Mayo Clinic, Hackensack Meridian Health and Highmark Health. Mayo Clinic is not using the new Vertex AI Search tools in clinical care yet, said Cris Ross, Mayo's chief information officer; it is starting with administrative use cases.

Persons: O'Malley, Lisa O'Malley, Aashima Gupta, Gupta, Cris Ross, we're, it's, Ross, Richard Clarke, Clarke Organizations: Cloud AI, Google Cloud, CNBC, Google, Monday, American Medical Association, Mayo Clinic, Hackensack Meridian Health, Highmark Health, Health

☆ Gen Z is reshaping the future of travel — These stocks will benefit
▼ + stars: | 2023-10-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

If travel companies want to capture the business of Gen Z travelers, they'll have to rethink their approach, according to research by Bernstein. Gen Z adults use TikTok and Instagram to make purchase decisions at more than double the rate of the average person, a Bernstein analysis found. While older generations may spend more money, younger Americans are booking more travel than Gen X and Baby Boomers. "Travel companies will need to cultivate their presence, rather than leaning on high conversion platforms like Google," he said. The vacation-rental platform has the highest skew to 18-24 year olds and 5.4 million Instagram followers, the highest among travel companies, he added.

Persons: Bernstein, —, Richard Clarke, Gen, Instagram, Clarke, — CNBC's Michael Bloom Organizations: Boomers

☆ Taylor Swift is single-handedly giving a boost to hotel industry revenue
▼ + stars: | 2023-09-08 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Taylor Swift is providing a gold rush for the hotel industry. The "Cruel Summer" singer's attention-grabbing "Eras" tour has pushed up revenue for hotels in cities across the U.S., according to data from investment firm Bernstein. "This has been a notable boost to the hotel industry," Bernstein analyst Richard Clarke wrote in a note to clients Friday, using the term "Swiftonomics." (Revenue generated per room is calculated by dividing the total hotel revenue by number of available rooms, regardless of whether they were occupied.) Indeed, Clarke said occupancy was 11% higher in Philadelphia during the nights of Swift's tour, while revenue per available room was up 59% on average.

Persons: Taylor Swift, Bernstein, Richard Clarke, Clarke, Swift Organizations: Wall, Federal Reserve Locations: U.S, Nashville, Beyoncé's, Philadelphia

☆ Russia and Ukraine are fighting the kind of drone war the US military has been worrying about, and it's scrambling to prepare for a future that's already here
▼ + stars: | 2023-08-31 | by ( Christopher Woody | Jake Epstein | ) www.businessinsider.com time to read: +14 min

The scale of the drone war in Ukraine is one of the most striking features of the conflict. "ISIS figured out how to arm their drones and attack us either with 'kamikaze' explosive-laden drones or drones that dropped" modified munitions, Townsend said. Soldiers with the 5th Battalion, 4th Air Defense Artillery Regiment train on an Avenger air-defense system in in July. In 2018, the Army reactivated the 5th Battalion, 4th Air Defense Artillery Regiment, returning a short-range-air-defense capability to Europe. AdvertisementAdvertisement"The war is showing how much [drones are] here and are affecting the war every day.

Persons: Ukraine isn't, Mara Karlin, wasn't, Karlin, that's, John Moore, Stephen Townsend, Townsend, Frank McKenzie, MAHMOUD TAHA, I've, Syria —, Richard Clarke, Clarke, Tom Karako, " McKenzie, McKenzie, Maj, Sean Gainey, Gainey, FADEL SENNA, Douglas Bush, Bush, they've, Col, Michael Parent, Narciso Contreras, Parent Organizations: Pentagon, Service, Defense Writers, US Marine, US Army, US Africa Command, ISIS, Getty, Army, US Special, Command, Aspen Security Conference, Missile Defense, Center for Strategic, International Studies, Patriot, —, US Air Force, Congressional Research Service, 5th Battalion, 4th Air Defense Artillery Regiment, Spc, Yesenia, Asymmetric Warfare Group, Battalion, Stryker, Washington DC, Marine Corps, US Army Yuma, US, Anadolu Agency, Pacific . The Defense Department Locations: Ukraine, Wall, Silicon, Armenia, Azerbaijan, Afghanistan, Iraq, Mosul, Syria, Homs, Europe, Washington, Russian, Kyiv, Russia, Lviv Oblast, China, Pacific

☆ Buy the August dip in this travel stock with a deep moat and 30% upside, says Bernstein
▼ + stars: | 2023-08-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

The recent pullback in Airbnb creates an attractive entry point for investors looking to buy a quality growth company, according to Bernstein. "Recent share price weakness presents a compelling entry point, with bear fears largely discredited following Q2," wrote analyst Richard Clarke in a Tuesday note to clients. "We see 30%+ potential upside, with an H2 acceleration as peers begin to slow, and ancillary revenue announcements in 2024 as key catalysts." Despite the recent stumble, Clarke remains bullish on the long-term outlook for the travel company he believes has one of the deepest moats, optionality and fastest core top- and bottom-line growth. ABNB 1M mountain Airbnb shares over the last month Although Airbnb looks expensive on a near-term basis, shares look "increasingly cheap" when accounting for the revenue increase from additional opportunities, Clarke wrote.

Persons: Bernstein, Richard Clarke, Clarke, — CNBC's Michael Bloom Organizations: Holdings

Executives still remained confident about the momentum in demand continuing in the near-term, including in international travel, led by U.S. travelers and China's reopening. Hilton now expects full-year adjusted profit per share between $5.68 and $5.88, compared with a prior forecast of $5.42 to $5.68. The company's net unit growth - which reflects room additions - fell 32% to 5,300 rooms in the first quarter. "We predicted this air pocket (fall in net unit growth), and expect it to be short-term... but this will play to key investor concern on financing risk," Bernstein analyst Richard Clarke said, adding that investor focus was more on unit growth than demand. Hilton reported an adjusted profit of $1.24 per share, compared with analysts' average estimates of $1.13, according to Refinitiv data.

☆ Booking face headwinds from A.I. and tech giants like Google, says Bernstein's Richard Clarke
▼ + stars: | 2023-04-14 | 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 EmailBooking face headwinds from A.I. and tech giants like Google, says Bernstein's Richard ClarkeRichard Clarke, Bernstein, joins 'The Exchange' to discuss headwinds for the online travel trade.

April 6 (Reuters) - Shares of Airbnb Inc (ABNB.O) fell as much as 6% on Thursday after an online independent publication released a report that probed unpleasant experiences that customers had during stays booked through the short-term rental platform. The company's shares were last down 5% in afternoon trading. Nights and experiences booked rose 20% from a year earlier but missed analysts' estimates. Last month, a fire broke out in a building in Montreal being used by long-term residents and short-term guests who booked lodgings through Airbnb. Some of the company's top professional hosts have cut out Airbnb and built their own booking platforms and are offering cheaper deals.

☆ U.S. travel companies experience high demand but economic worries cloud outlook
▼ + stars: | 2023-02-24 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +3 min

NEW YORK, Feb 24 (Reuters) - Fears of recession and the impact of inflation on consumer budgets could curb a rebound in travel demand reported by U.S. travel companies in the fourth quarter, although bookings are holding up so far this year, analysts said. U.S. travel spending in December 2022 totaled $97 billion, 3% above 2019 levels and 7% above 2021 levels, according to the U.S. Travel Association. The demand contrasts with declining home improvement sales and other discretionary purchases that have hurt furniture stores and retailers like Home Depot. International travel spurred demand growth for Airbnb and Marriott International Inc (MAR.O) in the fourth quarter. Group bookings are still down 15% compared to pre-pandemic levels, while headwinds in several industries continue to affect business travel, said Truist's Scholes.

☆ Bernstein downgrades Tripadvisor, says strategic plan is 'more defensive than offensive'
▼ + stars: | 2023-02-16 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Tripadvisor 's strategic plan, coupled with its recent outperformance, put Bernstein on the sidelines. Analyst Richard Clarke downgraded the stock to market perform from outperform. That price target implies the stock could rise 3.2% over the next year from where it closed Wednesday. Management laid out what Clarke called a "highly sensible" strategic plan for its core business during fourth-quarter earnings. The stock has gained 40.2% since the start of 2023, regaining ground after losing 34% in 2022.

☆ Hilton misses 2022 room growth view on China COVID curbs; Q4 profit jumps
▼ + stars: | 2023-02-09 | by ( Priyamvada C | ) www.reuters.com time to read: +2 min

Hilton, which owns brands including Waldorf Astoria Hotels & Resorts, reported a net unit growth of 4.7% in 2022, below its earlier forecast of about 5% growth. China's strict COVID-19 curbs, which have now been lifted, had halted construction of some luxury properties and impeded travel to a key global tourism markets. "They probably for the first time in quite a while missed on unit growth blaming on China so that obviously one of the reasons that their unit growth has been a bit softer," Bernstein analyst Richard Clarke said. Hilton expects annual net unit growth between 5.0% and 5.5%. Capital returns are projected to be between $1.7 billion and $2.1 billion, compared with $1.7 billion last year.

☆ Video shows the rescue of an overboard cruise-ship passenger who survived 20 hours fighting jellyfish and eating bamboo
▼ + stars: | 2022-12-05 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

James Michael Grimes, age 28, survived nearly 20 hours treading water in the Gulf of Mexico. "My worst fear is drowning," Grimes told ABC. The Coast Guard shared video of the rescue, below, including footage of Grimes floundering in the sea and waving his arms. At 2:30 p.m., the ship reported the missing passenger to the Coast Guard. The Coast Guard said it deployed "several rescue crews," and Carnival said the Valor "retraced its route to support the search and rescue."

☆ After 40 years of safe skies, US special operators have to worry about threats from above, SOCOM commander says
▼ + stars: | 2022-11-10 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +7 min

AP Photo/Efrem LukatskyUkraine's military claims to have shot down over 1,000 Russian drones, but unmanned aerial systems continue to proliferate. Ukraine is also using its fair share of unmanned aerial systems. Special operators vs. dronesA member of the Iraqi federal police with a destroyed drone used by ISIS in Mosul in March 2017. "But now with everything from quad-copters that very small up to very large unmanned aerial vehicles, we won't always have that luxury." DELIL SOULEIMAN/AFP via Getty ImagesGenerally, US special operators can take out unmanned aerial systems in two ways.

☆ Clarke: We are seeing robust demand in travel ahead of the holiday season
▼ + stars: | 2022-11-04 | 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 EmailClarke: We are seeing robust demand in travel ahead of the holiday seasonRichard Clarke, Senior Analyst at AB Bernstein, joins Worldwide Exchange to discuss the state of the travel industry.

Search resuls for: "Richard Clark"

21 mentions found