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☆ Golfer remarkably lands shot in fan’s drink at The American Express
▼ + stars: | 2024-01-19 | by ( Jack Bantock | ) edition.cnn.com time to read: +2 min

After feeling a gentle impact on his chest and the sound of a splash, Harmeyer looked down to see a white orb floating in his cocktail. “I owe you a drink … I’m very sorry,” Schenk said, according to the PGA Tour, who shared footage of the incident on X. Scott Stallings and Lee Hodges walk the tenth fairway during the first round of The 2024 American Express. It left the 31-year-old – chasing his first win on the PGA Tour – eight shots behind the leading duo, compatriot Zach Johnson and Sweden’s Alex Noren. “Put a lot of good work in as of late,” Johnson, a 12-time winner on the PGA Tour, told reporters after his round.

Persons: Pete Dye, Adam Schenk’s, Brad Harmeyer, Harmeyer, Schenk, “, ” Schenk, –, – Schenk, Scott Stallings, Lee Hodges, Orlando Ramirez, Zach Johnson, Sweden’s Alex Noren, Johnson, ” Johnson, ” Organizations: CNN, The American Express, PGA Tour, Team USA, PGA Locations: La Quinta , California, Rome, It’s

☆ Morgan Stanley says consumers looking for 30% discounts on holiday shopping before buying, sell retail stocks
▼ + stars: | 2023-11-09 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Morgan Stanley highlighted several companies that are prepared to withstand — and even benefit from —consumers' shifting preferences this holiday season, as inflationary pressures dampen shoppers' budgets this quarter. According to Morgan Stanley's proprietary monthly survey, most holiday shoppers are looking to see 30% discounts, on average, before they begin spending this holiday season. A strong holiday season should benefit the entire airline industry given the ongoing demand for air travel among consumers across income brackets, according to Morgan Stanley. "Durable goods spending has slowed and that is expected to continue into the holiday season," Wilson said in the note. Toys could emerge as "relative winner" this season as they become a more top-of-mind purchase for parents during the holiday season, analyst Megan Alexander wrote.

Persons: Morgan Stanley, Michael Wilson, Morgan, They're, Ravi Shanker, Wilson, Amazon's, Brian Nowak, Lauren Schenk, Chewy, Morgan Stanley's, Alex Straton, Megan Alexander Organizations: Consumers, Delta Airlines, American Airlines and United Airlines, Southwest Airlines, Alaska Air Group, Apparel, Urban Outfitters, Abercrombie, Fitch Locations: Delta, U.S

☆ The Ozempic effect has battered this weight loss stock, but Morgan Stanley says it's a top pick
▼ + stars: | 2023-11-03 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +4 min

Sequence gives subscribers access to GLP-1 medications such as Novo Nordisk's Wegovy and Ozempic. Schenk said the concern about the drop in WW's average revenue per user "seems overblown" and has created a buying opportunity for the stock. Stabilizing core business WW has been focused on stabilizing its core weight loss business. Both developments are a positive for WW's Sequence business. Schenk estimates that around 6 million current or lapsed WW subscribers would qualify for treatment with obesity medication.

Persons: Sima Sistani, Morgan Stanley, Lauren Schenk, Eli Lilly, Schenk, Lilly, Novo Organizations: International, Nordisk's Wegovy, FDA, 3Q, and Drug Administration, Novo Nordisk Locations: Friday's, Novo

☆ Stocks making the biggest moves premarket: JetBlue, Pinterest, Chewy, Caterpillar and more
▼ + stars: | 2023-10-31 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

This was higher than the $1.58 in earnings per share on $1.48 billion in revenue that analysts surveyed by FactSet had been expecting. Chewy — The pet food seller added 4% in premarket trading after Morgan Stanley upgraded the stock to overweight from equal weight. Chegg's third-quarter earnings came in at 18 cents per share, excluding items, higher than the 17 cents per share expected by analysts polled by LSEG. BP — Shares of the oil company slid 4% after the company missed analysts' estimates for its third-quarter earnings . XPO — The freight transportation company added 1.7% after announcing stronger-than-expected third-quarter earnings.

Persons: FactSet, Pinterest, Chewy, Morgan Stanley, Lauren Schenk, Caterpillar, LSEG, Tesla, XPO, Jefferies, AutoNation, Rajat Gupta, Wells, Ferguson, MoffettNathanson, Alex Harring, Jesse Pound, Samantha Subin Organizations: Arista Networks, Arista, Revenue, Global, Anheuser, Busch, LSEG, Caterpillar — Investors, JetBlue, BP —, BP, JPMorgan, Bank of America Locations: U.S, Wells Fargo

☆ Stocks making the biggest midday moves: Microsoft, Alphabet, Boeing and more
▼ + stars: | 2023-07-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Microsoft — The Xbox owner saw its shares slide 3.7% after issuing quarterly revenue guidance that fell short of analysts' expectations. Microsoft did report earnings and revenue that beat Street estimates for the calendar second quarter, however. Alphabet — Shares of the Google parent rose 5.8% after Alphabet beat analysts' revenue and profit in the second quarter. Boeing's revenue of $19.75 billion topped analysts' estimates of $18.45 billion, according to Refinitiv. The company also reported an 82-cent-loss per share, while Refinitiv analysts had estimated a loss of 88 cents per share.

Persons: Refinitiv, Morgan Stanley, Lauren Schenk, Chubb, Spotify's, selloff, PacWest, Warburg Pincus Organizations: Microsoft, YouTube, Boeing, Texas, Texas Instruments, FactSet, Visa, Spotify, Deutsche Bank, Warburg, Centerbridge Locations: Banc, California

☆ Buy this weight loss stock that can rally 30%, Morgan Stanley says
▼ + stars: | 2023-07-26 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

WW International could be in for big gains ahead, according to Morgan Stanley. The bank upgraded the company formerly known as Weight Watchers to overweight from equal weight. Shares of WW International popped more than 7% in the premarket. WW YTD mountain WW in 2023 Analyst Lauren Schenk said the company will benefit from its acquisition of Sequence, which gives WW International exposure to weight loss drugs. WW International announced in March its Sequence acquisition for $106 million.

Persons: Morgan Stanley, Lauren Schenk, Schenk, — CNBC's Michael Bloom Organizations: International, WW International

☆ Keeta, a startup aiming to be the Venmo of international payments, just raised $17 million in a round backed by ex-Google CEO Eric Schmidt with this 13-slide pitch deck
▼ + stars: | 2023-06-06 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Cross-border payments startup Keeta has raised $17 million in fresh funds. The seed round was backed by an array of investors including ex-Google CEO Eric Schmidt. Cross-border payments startup Keeta has raised $17 million in a seed funding round backed by an array of investors including former Google CEO Eric Schmidt. We want to make it just as easy for a manufacturer in Indiana to send $200,000 to a vendor in Germany," Keeta CEO and founder Ty Schenk told Insider. The company's $17 million in funding partially comes from former Google CEO Schmidt alongside other, unnamed investors.

Persons: Eric Schmidt, Ty Schenk, Wise, Schmidt, Schenk, We've Organizations: European Union Locations: The California, Indiana, Germany, Canada, Mexico, Brazil, United Kingdom

☆ Emiliano Grillo overcomes bizarre event to win first PGA Tour event in nearly eight years
▼ + stars: | 2023-05-29 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —It’s been a while since Emiliano Grillo has been able to lift a trophy in celebration on the PGA Tour. Eventually, after the ball had traveled approximately 100 yards before stopping against a rock, Grillo was able to take a drop. Despite the near disaster, Grillo was able rally in the end, birdieing the second hole of the playoff to claim his first PGA Tour win since October 2015. Afterwards, Grillo explained his emotions and thought process during the agonizing wait when the ball was trickling downstream. This year, though, Grillo won $1.566 million for his efforts, fending off stiff challenges from Schenk, Scottie Scheffler and Harry Hall to win his second PGA Tour win.

☆ Private jet flights in Europe soar to record levels — and most were ultra-short journeys
▼ + stars: | 2023-03-30 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

A private jet is landing over the snowy mountains of St. Moritz in Switzerland. Private jet emissions, which have a disproportionate impact on the environment, were found to have more than doubled in Europe in 2022. Analysis published Thursday by environmental campaign group Greenpeace showed the number of private jet flights in Europe last year rose by a whopping 64% to reach a record high of 572,806. The analysis found that the countries with the most private jet flights in Europe last year were the U.K., France and Germany. The most popular destinations for private jet flights in Europe in 2022 were the French Riviera city of Nice, France's capital of Paris and Switzerland's second-most populous city of Geneva.

☆ Europe's super-wealthy took over 300,000 very short private jet flights last year — including over 1,300 between London and an airport 30 miles away — study says
▼ + stars: | 2023-03-30 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

A study from Greenpeace analysed a database of Europe's private jet flights over the last three years. It found that 55% of them were under 466 miles long, and launched a campaign to ban private jets. Over 1,300 flights on one UK route could have taken a 35-minute train for less than $20 instead. According to the Transport and Environment campaign group, private jets are 50-times more polluting than trains. The data also shows that over 1,300 private flights went between London and Farnborough, England – a 30 mile train journey which you could travel in 35-minutes for less than $20.

☆ Morgan Stanley's Lauren Schenk makes the bull case for online dating stocks
▼ + stars: | 2023-03-20 | 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 EmailMorgan Stanley's Lauren Schenk makes the bull case for online dating stocksLauren Schenk, Morgan Stanley, joins 'Closing Bell' to discuss the dip in online dating, and her call that the industry still has steam.

☆ Under threat, Weight Watchers enters obesity drug space. Here's what it means for the stock
▼ + stars: | 2023-03-07 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +7 min

The company's sales have been in a steady multiyear decline after an attempt to de-emphasize weight loss and focus on wellness failed miserably. WW 1Y mountain The parent of Weight Watchers has seen its market value shrink as sales have dropped for several years. Another drug, Eli Lilly's Mounjaro, adds a second incretin hormone to the mix and has been shown to be even more successful with weight loss. This trend could provide an opportunity for the core Weight Watchers brand and its focus on behavior modification. That scenario assumes Weight Watchers continues to see membership erosion, while cost controls help minimize margin compression.

But an accompanying document from one of Holmes' attorneys explained that the ticket had been purchased prior to her conviction. "The government’s newfound claim that Ms. Holmes attempted to flee is baseless," Holmes' attorneys write. Holmes has also been in frequent contact with multiple pretrial services officers, they write. "She has a flawless pretrial services record," they said. The lawyers add that the accusations “have been widely reported in the press and already have produced negative effects for Ms. Holmes and her partner beyond this case,” without elaborating.

☆ How Gen Zers are turning to dating apps like Bumble for platonic friendships
▼ + stars: | 2023-01-24 | by ( Liam Mays | ) www.cnbc.com time to read: +1 min

Over the years, online dating has become almost completely normalized. A recent study showed that 39% of straight couples met online in the U.S. and more than half of LGBTQ couples have used dating apps, according to the Pew Research Center. Apps like Bumble BFF and Meetup have become popular ways to build platonic relationships. Berger said that by the end of 2021, 15% of Bumble users had also used BFF, which is short for best friends forever. Schenk said that Morgan Stanley's 2023 revenue estimate for Bumble is just over $1 billion — with only about $1 million coming from Bumble BFF and friend-finding service Bizz.

☆ Elizabeth Holmes' attorneys slammed prosecutors' claim that she tried to flee to Mexico as 'baseless' and say she no longer planned to make the trip after her conviction
▼ + stars: | 2023-01-24 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Theranos founder Elizabeth Holmes responded to prosecutors' claim that she booked a one-way flight to Mexico in an attempt to flee. Her attorneys called the claim "baseless," saying the flight was to attend a wedding, which they say Holmes no longer planned to attend after being convicted of fraud. After receiving a guilty verdict, Holmes no longer planned to attend the wedding, her attorneys said in the filing. Holmes' attorneys added that her passport has been expired "for years" and said she didn't try to get a new one. Holmes' defense also pushed back on prosecutors' claim that, for more than a year, she has lived on an estate that costs $13,000 per month to maintain.

☆ Elizabeth Holmes booked a 1-way ticket to Mexico for a friend's wedding while out on bail, prosecutors say
▼ + stars: | 2023-01-20 | by ( Charles R. Davis | Azmi Haroun | ) www.businessinsider.com time to read: +3 min

Theranos founder Elizabeth Holmes bought a one-way ticket to Mexico last year, per prosecutors. In response, Holmes' attorney, Lance Wade, said the trip was planned prior to Holmes' conviction on January 3, 2022. "The hope was that the verdict would be different and Ms. Holmes would be able to make this trip to attend the wedding of close friends in Mexico," he wrote. The Theranos founder has sought to stay out of custody as her appeal is pending. "There are not two systems of justice — one for the wealthy and one for the poor — there is one criminal justice system in this country," government lawyers wrote in the document.

☆ Bayern in need of a keeper after Neuer injury, coach Nagelsmann says
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Jan 12 (Reuters) - Bayern Munich want to sign a goalkeeper following the injury to Germany captain Manuel Neuer but the options on the transfer market in the winter period are limited, coach Julian Nagelsmann said on Thursday. Speaking in Doha, Qatar, at the end of a one-week training camp ahead of the Bundesliga season restart next week, Nagelsmann said that, while 34-year-old Sven Ulreich was ready to step in to replace Neuer, the club still needed another keeper. Nagelsmann said the choices behind Ulreich were limited to younger keepers, including 19-year-old Johannes Schenk, with no experience of top league matches. Bayern, top of the Bundesliga, resume their hunt for a record-extending 11th straight league crown against RB Leipzig on Jan. 20. "We want to put ourselves on track for the big match against top league rival Leipzig next week," he said.

☆ Morgan Stanley sees these names rebounding after heavy tax-loss selling at the end of 2022
▼ + stars: | 2023-01-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

With a new year underway, there's an opportunity to scoop up some names that investors sold to save on taxes in 2022, according to Morgan Stanley. In fact, Morgan Stanley fielded more inquiries on tax-loss selling strategies in 2022 than in any other year, analyst Todd Castagno wrote in a note Friday. Morgan Stanley looked for those popular stocks that have derated but may be repurchased once the tax loss is realized. Plug Power has the most upside to Morgan Stanley's price target — a whopping 288%. Morgan Stanley named the solar energy company a top pick after the Inflation Reduction Act was signed into law in August.

☆ These are Wall Street's 6 favorite highly discounted tech stocks
▼ + stars: | 2022-12-11 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

To find Wall Street's favorite discounted tech stocks, CNBC Pro looked for Nasdaq 100 names with a forward price-to-earnings ratio less than the overall index, then sorted for stocks trading at a 20% — or greater — discount to their average five-year forward multiples. The cheap tech stocks analysts favor The most discounted name on the list is PayPal . Wall Street analysts covering the stock think it can surge more than 42% from current levels. Alphabet also made the list, with analysts seeing a more than 34% upside to shares of the tech company. Overall, analysts see the stocks gaining 26% and more than 25%, respectively.

Ramesh "Sunny" Balwani, the former business partner of Theranos founder Elizabeth Holmes, will be sentenced Wednesday for his role in the disgraced blood-test company's years-long fraud. During Balwani's trial, prosecutors called witnesses who said Theranos' inaccurate blood tests caused real-world harm. “I am responsible for everything at Theranos,” Balwani wrote in a 2015 text message to Holmes. “All have been my decisions too.”Balwani's defense team said the former software executive had acted in good faith. As she mounted her defense, Holmes attempted to portray herself as a victim of Balwani's abuse.

SAN JOSE, Calif., Nov 18 (Reuters) - A federal judge on Friday sentenced Theranos founder Elizabeth Holmes to 11 years and three months in prison for defrauding investors in her now-defunct blood-testing startup that was once valued at $9 billion. In San Jose, California, U.S. District Judge Edward Davila sentenced Holmes, 38, on three counts of investor fraud and one count of conspiracy after a jury convicted her last January following a trial spanning three months. The prosecution had recommended a sentence of 15 years in prison, while the defense had urged the judge to impose no prison time. The federal probation office had recommended a 9-year prison sentence, according to court papers. Before sentencing Holmes, Davila asked if any of her victims were in the courtroom.

Elizabeth Holmes, the founder and CEO of Theranos, the failed blood-testing company at the center of her downfall, will be sentenced Friday. Holmes was convicted in January of four counts of fraud for misleading Theranos investors about the company's technology and its financial health. Theranos had simply repurposed commercially available blood analysis technology to run on smaller amounts of blood, The Wall Street Journal revealed in October 2015. During Holmes’ trial, former employees testified that Theranos would also frequently delete erroneous results from its tests to make its machines appear more accurate. Holmes said Balwani lied to her about the company's financial models and subjected her to intimate partner abuse.

☆ Morgan Stanley downgrades Rent the Runway, cites 'volatile' business growth
▼ + stars: | 2022-11-18 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Rent the Runway is a "show-me story" for now, according to Morgan Stanley. According to the note, online traffic for Rent the Runway dropped to 7% year-over-year growth in October, down from 45% year-over-year growth in September. Shares of Rent the Runway have come under pressure since its initial public offering in October 2021 . The analyst cut her price target to $2.50 from $10. Shares of Rent the Runway were up 4.9% in Friday premarket trading.

☆ Morgan Stanley says online dating stock Match is one of the best stories heading into 2023
▼ + stars: | 2022-11-03 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Match, the company behind dating platforms such as Tinder, Hinge and OkCupid, is worth loving – even during its current troubles, Morgan Stanley said. Analyst Lauren Schenk reiterated Match as overweight, saying it's at an attractive entry point despite disappointing market performance this year. One point of concern for Match is its fourth-quarter outlook, the analyst said, as the guide was slightly softer than expected. She said Morgan Stanley's estimates on 2022 and 2023 revenue and EBITDA remain largely unchanged. However, with the stock down 65.4% this year, Schenk did note there was multiple contractors driving down performance.

☆ The US economy came back to life this summer, but things are still likely to suck next year
▼ + stars: | 2022-10-28 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +8 min

Mike Schenk, chief economist of Credit Union National Association, said in a statement that the "healthy economic growth will not last." CEOs are pessimistic about the future and the hot labor market is coolingCEOs, for one, aren't feeling too good about the economy. "The labor market continues to be hot, even if it's cooled a little bit since the beginning of this year," Bunker told Insider. "Where we're seeing it does signal that it is sectors normalizing, rather than dramatically pulling back postings because they are concerned about short term economic growth." He noted that excess labor demand "gives you a lot of running room here before the labor market actually gets soft."

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