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☆ Bank of America names five 'best-in-class' stocks with major upside in 2025
▼ + stars: | 2024-12-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

There's a slate of stocks that are too attractive to ignore as the year winds down, according to Bank of America. CNBC Pro combed through Bank of America research to find buy-rated stocks with upside potential. "We believe TASK has a premiere competitive position in the digital customer experience space," she wrote recently. ... We believe TASK has a premiere competitive position in the digital customer experience space." Samsara "We view Samsara's fleet-focused offerings as best-in-class, and expect positive demand trends and continued market share capture to drive upside to Street estimates.

Persons: TaskUs, Cassie Chan, it's TaskUs, Chan, Jessica Reif Ehrlich, Reif Ehrlich, It's, Jason Kupferberg, Kupferberg, BLK Organizations: Bank of America, CNBC, Accenture, Wrestling Entertainment, ESPN, UFC, Enterprise, IT Services, Global Infrastructure Partners Locations: Bank, BlackRock

☆ Stocks making the biggest moves midday: Tesla, Broadcom, Upstart, Penn Entertainment, RH and more
▼ + stars: | 2024-12-13 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

CEO Hock Tan said Broadcom is developing custom artificial intelligence chips with three large cloud customers, also driving investor enthusiasm. Tesla has reported the most crashes under the program and the requirement has been disliked by CEO Elon Musk, Reuters reported. Upstart Holdings — Shares of the lending platform popped more than 14% after an upgrade to buy from hold at Needham. Salesforce , ServiceNow — Salesforce and ServiceNow shares slid 1.2% and 2.6% lower, respectively, after KeyBanc Capital Markets issued a 2025 stock-specific outlook for enterprise software in which it upgraded Salesforce to overweight and downgraded ServiceNow to sector weight. Penn Entertainment — Shares of the online sports betting company moved 3% higher following an upgrade at JPMorgan to overweight from neutral.

Persons: Hock Tan, Donald Trump's, Tesla, Elon Musk, TaskUs, Morgan Stanley's, Morgan Stanley, Ciena, —, Salesforce, ServiceNow, Alex Harring, Jesse Pound, Yun Li, Lisa Han, Sarah Min, Michelle Fox Organizations: Broadcom —, Broadcom, PayPal, Wolfe Research, Reuters, Walgreens, Alliance, Sky News, Sycamore Partners, Walgreens Boots Alliance, Wall Street Journal, UBS, Bank of America, KeyBanc, Mizuho, Penn Entertainment, JPMorgan, Penn Locations: Sycamore, Needham, ServiceNow

☆ Stocks making the biggest moves before the bell: Broadcom, RH, Tesla, Penn Entertainment and more
▼ + stars: | 2024-12-13 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

RH — The luxury furniture retailer's shares skyrocketed 13% in premarket trading after the company hiked its forward guidance. RH sees fourth-quarter revenue growth of 18% to 20% from a year earlier, citing "an acceleration of demand." Penn Entertainment — The online sports betting stock popped 5.8% after being upgraded at JPMorgan to overweight from neutral. The bank said it sees a path to aggregate growth ahead as Penn Entertainment's capital projects begin to bear fruit. Salesforce , ServiceNow — Salesforce shares gained 2%, while ServiceNow slid 1.1%.

Persons: Hock Tan, RH, Tesla, Donald Trump's, Elon Musk, Ciena, Morgan Stanley's, Wolfe, Salesforce, ServiceNow, — CNBC's Pia Singh, Michelle Fox, Lisa Kailai Han, Yun Li, Sarah Min, Jesse Pound Organizations: Broadcom —, Broadcom, Reuters, Cruise, Barclays, Penn Entertainment, JPMorgan, Penn, Bank of America, UBS, PayPal, KeyBanc Locations: Needham

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Broadcom, DraftKings, Costco, Uber, Salesforce & more
▼ + stars: | 2024-12-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Here are the biggest calls on Wall Street on Friday: Goldman Sachs initiates TechnipFMC as buy Goldman says the offshore company has "idiosyncratic growth." Goldman Sachs upgrades Patterson-UTI Energy to buy from neutral The firm says it sees shareholder returns for the energy company. Needham upgrades Upstart to buy from hold Needham says it likes the AI lending platform company's balance sheet following earnings. Mizuho reiterates Salesforce, Microsoft and Adobe as outperform The firm says the Salesforce, Microsoft and Adobe are top ideas in 2025. JPMorgan upgrades Penn to overweight from neutral The firm says Penn is too attractive to ignore right now.

Persons: Goldman Sachs, Goldman, Patterson, DA Davidson, Davidson, Needham, UPST, Morgan Stanley, Apple, it's, Uber, Mizuho, Wolfe, Horton, DraftKings, Mills, Penn, sightline Organizations: UTI Energy, America, Titan International, Bank of America, of America, Broadcom, COTY, Apple Intelligence, UBS, Energy, OPEC, Salesforce, Microsoft, Adobe, Cloud, BMO, O'Reilly, O'Reilly Automotive, Therapeutics, Meta, Mizuho, Canadian, JPMorgan, Barclays, Norwegian Cruise, MKS, Gaming, Retail, North American Service Providers, Nvidia, Costco Locations: America, Texas, Norwegian, Buffalo, 2H25

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Rivian, AMD, Broadcom, Charles Schwab, PayPal & more
▼ + stars: | 2024-12-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Here are Monday's biggest calls on Wall Street: Bank of America downgrades Advanced Micro Devices to neutral from buy Bank of America said it's concerned about market share gain potential slowing. Deutsche Bank initiates First Citizens as buy Deutsche Bank said it has a favorable long term view of the commercial banking company. Bank of America upgrades PayPal to buy from neutral The firm said the stock is a turnaround story. Bank of America downgrades Capital One to neutral from buy Bank of America said the Trump trade has played out for Capital One. Bank of America upgrades TaskUs to buy from neutral Bank of America said the outsourcing company is "best in class."

Persons: it's, Morgan Stanley, Goldman Sachs, Goldman, it's bullish, Robinson, Wells, Bernstein, JD …, Jefferies, McCormick, Biogen, Morgan, director's, JEF, OW, TD Cowen, Blackstone, Charles Schwab, Robinhood, Schwab, HOOD, Trump, SOFI, Truist, Tesla, Deutsche, Roth Organizations: Bank of America, Devices, AMD, Holdings, UBS, ELAN, Deutsche Bank, Citizens, First Citizens, JPMorgan, Broadcom, VMWare, Citi, Morgan Stanley downgrades Bank of America, Morgan Stanley, Bank, New York Mellon, Cap Bank, Blackstone, Barclays, " Bank of America, PayPal, Capital, COF, of America, Newell Brands, Nokia, Telecom Locations: China, C.H, Real, robotaxi

☆ Here are 4 things we're watching closely in the stock market this week
▼ + stars: | 2024-08-04 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Stocks had a rough week, topped off with a pummeling Friday after the July jobs data came in weaker than expected. Until then, bad economic news was good news for the stock market, because it meant the Federal Reserve would start cutting interest rates sooner. On Thursday, a drop in U.S. manufacturing activity for July and a jump in initial jobless claims dragged down the market. Next week is light on economic data, so expect earnings reports and CEO commentaries to drive the market action. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Dow Jones, Jim Cramer, would've, Eli Lilly, Mounjaro, Berkshire Hathaway, Krystal, Tyson, BAX, Owens, Walt, Oscar Health, CRON, Krispy, Papa, Jim Cramer's, Jim Organizations: Nasdaq, Dow, Reserve, Broadcom, Devices, Palo Alto, PMI, Wynn Resorts, Investors, Wynn, Wynn Palace, U.S . Disney, Management, and Drug Administration, Carlyle Group, Krystal Biotech, Tyson Foods, TSN, Alpha Metallurgical Resources, BioCryst Pharmaceuticals, Axsome Therapeutics, Technologies, Clover Health, Realty Income Corp, Avis Budget Group, CSX Corp, CSX, Simon Property Group, Sterling Construction Company, Teradata Corp, Yum China Holdings, ZoomInfo Technologies, Holdings, Caterpillar, Baxter International, Vulcan Materials Company, Allegheny Technologies Incorporated, Constellation Energy Group, Marathon Petroleum Corp, Owens Corning Inc, Duke Energy Corp, GXO Logistics, Brands, Builders, Wynn Resorts Ltd, WYNN, Rivian Automotive, Devon Energy Corp, GigaCloud Technology Inc, Lumen Technologies, VF Corp, Walt Disney Co, Novo Nordisk, CVS Health, Aurora Cannabis Inc, Emerson Electric Co, Sony Group Corporation, SONY, Inc, ODP Corporation, Icahn Enterprises, MannKind Corp, ACM Research, Brink's Company, AppLovin Corporation, Digital Turbine, Sarepta Therapeutics, Occidental Petroleum Corp, Bros, SolarEdge Technologies, Aspen, Coeur D'Alene Mines Corp, Co, Vistra Energy, Cheniere Energy, Cronos, Himax Technologies, Properties Trust, Papa John's, Paramount Global, Trade, Lab, B2Gold Corp, Honest Company, Gilead Sciences, Growth, Nikola Corporation, Embraer, New Fortress Energy, Construction, Jim Cramer's Charitable, CNBC, Disney, Pixar Locations: Palo, Macau, Las Vegas, Boston, Vegas, Wynn Macau, China, Novo, Coeur, Gilead

☆ Shopify is getting a new head of customer support amid an AI-centric shift for the division
▼ + stars: | 2023-10-06 | by ( Madeline Stone | ) www.businessinsider.com time to read: +3 min

Shopify's head of customer support, Clovis Cuqui, is departing after more than eight years at the e-commerce company. Cuqui's departure comes amid a period of change for the division , which troubleshoots issues for the millions of merchants using the e-commerce platform. "I look forward to continuing this work in lock step with our incredible crew of 1000s of Support Advisors and team members." The division is also working on a new, enterprise level of support as more large merchants have joined Shopify. Shopify also has been hiring outsourced customer-support representatives through the company TaskUs, many of which are in the Philippines, Insider previously reported.

Persons: Clovis, Glen Worthington, Kaz Nejatian, Worthington, Cuqui, Shopify, Bobby Morrison Organizations: LinkedIn, Support Advisors, Bobby Morrison . Company Locations: Philippines, mstone@insider.com

McKinsey says generative AI could add $7.3 trillion in value to the world economy each year and believes half of today's work activities could be automated between 2030 and 2060. The latest Bank of America survey in June showed 29% of global investors don't expect AI to increase profits or jobs. "There's a lot of focus on the risks that generative AI can bring. He sounded confident over the capacity of some professional information and data providers, which own proprietary data, to integrate generative AI into their products. Cristina Matti, small and midcaps portfolio manager at Amundi, said indiscriminate investing was not an option for investors seeking AI exposure.

Persons: Gilles Guibout, UK's Pearson, Chegg, Pearson, Thomas McGarrity, Andrea Scauri, Scauri, Capgemini, Cristina Matti, Danilo Masoni, Lucy Raitano, Chizu Organizations: Nvidia, McKinsey, AXA Investment, Bank of America, Microsoft, RBC Wealth Management, Accenture, Thomson Locations: MILAN, Europe, United States, Paris, Lemanik, Amundi

☆ America's immigration system is a nightmare, and it's forcing tech companies to move jobs outside of the country
▼ + stars: | 2023-03-14 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +7 min

Leaders like Salesforce CEO Marc Benioff have begun walking back their initial praise of remote work, worrying that it leads to employee underperformance. The most existential question raised by remote work, however, is whether working from home makes workers more replaceable. But remote work has just been a facilitator, they suggest, and the real culprit may very well be America's broken immigration system. The flawed US immigration system is forcing companies to hire elsewhereIt's no secret that the US immigration system is flawed. Remote work makes it possibleRemote work makes it all possible, says Job Van Der Voort, founder of Remote, a startup that helps companies hire workers internationally.

☆ Leaked documents show Shopify's customer service has 'deteriorated' as the company issues a 'Code Yellow' for its support team
▼ + stars: | 2023-03-10 | by ( Madeline Stone | ) www.businessinsider.com time to read: +5 min

Shopify declared a "Code Yellow" calling for improvements to the way its Support teams work. Shopify executives have declared a "Code Yellow" for its Support organization, saying it needs to improve customer service levels "that have deteriorated beyond acceptable ranges." Clovis Cuqui, vice president for merchant acceleration at Shopify, posted an explanation of the Code Yellow on Shopify's Workplace web page on March 1. Code Yellow is a preemptive intervention to make sure we don't ever need a Code Red." Shopify's Support teams have long been a source of pride for the Canadian e-commerce company.

☆ Shopify had a bumpy 2022, with a stock split, layoffs, and more. These are the biggest stories about the e-commerce company.
▼ + stars: | 2022-12-29 | by ( Madeline Stone | ) www.businessinsider.com time to read: +10 min

After seeing explosive sales and revenue growth during the earlier days of the Covid-19 pandemic, the Canadian e-commerce company saw its business come back down to earth this year. Shopify employees are granted restricted stock units, or RSUs, in addition to their base salaries. MayOn May 2, Shopify announced plans to acquire e-commerce fulfillment startup Deliverr for more than $2 billion. The acquisition was intended to help Shopify merchants offer one and two-day shipping to their customers. On December 15, Shopify announced that it was doubling down on its sustainability efforts by investing $11 million in carbon removal projects.

☆ Here are the 34 tech companies most likely to be snapped up by private equity firms like Vista and Thoma Bravo in 2023, according to bankers and market data
▼ + stars: | 2022-12-24 | by ( Ben Bergman | Stephanie Palazzolo | ) www.businessinsider.com time to read: +22 min

With a stock price down 45% in the last year, though, it may soon find itself on the other side of the table. But it has $732 million in cash on hand, with zero debt, and analysts are projecting 16% revenue growth. This year, though, Varonis has come back to earth — its stock price has sunk over 57% in the last 12 months. However, with strong projected 2023 revenue growth of 18.6%, Zuora remains a strong target for PE firms. Its stock price has been hammered, going down about 40% this year and making it the subject of mergers-and-acquisitions chatter.

☆ Here are the 34 tech companies most likely to be on the holiday shopping lists of private-equity firms after valuations plunged this year, according to bankers and private data
▼ + stars: | 2022-12-15 | by ( Ben Bergman | Stephanie Palazzolo | ) www.businessinsider.com time to read: +22 min

☆ Shopify is outsourcing many of its customer-support roles to the Philippines after layoffs
▼ + stars: | 2022-11-07 | by ( Madeline Stone | ) www.businessinsider.com time to read: +7 min

Shopify has previously used outsourced customer-support agents in India as well, the employees who spoke with Insider said. The TaskUs contractors appear to be taking on roles throughout Shopify's support organization, including on "high-tiered" teams and on teams that work with Shopify Plus merchants. Shopify is ramping up its outsourcing after laying off about 1,000 employees — many of whom worked in support — in July. The breach affected dozens of Shopify merchants, including Ledger, which makes cryptocurrency wallets. If you're a Shopify employee or have a story to share, contact this reporter at mstone@insider.com or on the secure-messaging app Signal at (646) 889-2143 using a nonwork phone.

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