DIRS.INFO The most relevant business & tech news

☆ Jim Cramer's top 10 things to watch in the market Wednesday: Fed day, crypto hearings, Nvidia boost
▼ + stars: | 2022-12-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Deutsche Bank raises its price target on Club holding Nvidia (NVDA) to $170 per share from $150; keeps hold rating. Deutsche Bank initiates coverage of Club holding Danaher (DHR) with a buy rating and a $310-per-share price target. Goldman Sachs cuts its price target on Tesla (TSLA) to $235 per share from $305, but keeps a buy rating. Wells Fargo raises its price target on Goldman Sachs (GS) to $400 per share from $380; keeps an overweight (buy) rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ These 10 Club holdings have been the biggest buyers of their own stocks
▼ + stars: | 2022-12-14 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +10 min

We then divided that by each company's average market capitalization throughout that same time period. These 10 stocks spent the most on buybacks in their latest full fiscal year relative to their average market capitalization over that same four-quarter period. Devon Energy's stock ended Tuesday at $61.98 per share, giving the company a market cap of $40.52 billion. As of Sept. 30, the company had $43.5 billion remaining on its $70 billion buyback program, which was authorized by the board in April. As of Sept. 30, Linde had $6 billion left on its $10 billion buyback authorization approved by its board in February.

☆ What recession? Luxury homes have never been more expensive — see the 30 priciest ZIP codes in America
▼ + stars: | 2022-12-10 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +4 min

Property Shark has released its annual ranking of the most expensive ZIP codes in the US. Property Shark has released its annual list of the country's most expensive ZIP codes based on their median sold home price. The report found that of the 128 ZIP codes included in the top 100 in 2022 — the extra 28 ZIP codes are ties — 86% were even pricier than last year. A whopping 14 ZIP codes on the list now have a median sold home price of $4 million or more. Read on for this year's top 30 ZIP codes, and see how it's changed since 2020 while you're at it.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: JPMorgan double upgrade, oil prices dip to $75
▼ + stars: | 2022-12-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Later in the session, prices turned lower and U.S. oil prices are dropping another 1% on Tuesday. Deutsche Bank updates Club name Estee Lauder (EL) to buy from hold; raises price target to $266 per share from $209. In off-price target, the Club likes and owns TJX Companies (TJX), with T.J. Maxx, Marshalls and HomeGoods brands. However, Deutsche Bank raises price target on Club holding and Corona beer maker Constellation Brands (STZ) to $249 per share from $244; keeps hold rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Why Wall Street's bullish on 3 Club stocks Wednesday — and our take, too
▼ + stars: | 2022-11-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Apple (AAPL), Constellation Brands (STZ) and Ford Motor (F) were subject to Wall Street research on Wednesday. Club take: China's Covid-19 lockdown measures have posed a risk to Apple's iPhone manufacturing, but we believe it's a temporary one. Club take: Ford has benefitted from higher pricing power as a result of supply chain challenges impacting production. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Jim Cramer's Investing Club meeting Tuesday: Stock picks, Disney pivot, Microsoft confidence
▼ + stars: | 2022-11-29 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stock picks Here are two stock picks Jim Cramer highlighted Tuesday for new Club members: Estee Lauder (EL): We're bullish on the prestige beauty company's stock and have been slowly adding to our small position since late September . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ The world's largest cannabis companies are gobbling up beer brands and striking deals with top athletes to hawk energy drinks because they're struggling to profit off pot
▼ + stars: | 2022-11-28 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +7 min

It's hard to make money in cannabis, so the world's largest cannabis companies are pivoting. The Canadian cannabis company Tilray in early November acquired Montauk Brewing Company, a New York craft-beer brewer. In a November 11 note, analysts at the investment bank Jefferies called Canopy's core Canadian cannabis business "a sideshow." Tilray's cannabis business slumps, while beer boomsLike Canopy, Tilray's core cannabis business is also declining while its beverage unit and other businesses are growing. Beyond cutting costs, it was, therefore, only a matter of time before the world's largest cannabis companies, with investors and shareholders breathing down their necks, looked elsewhere to boost their margins.

☆ Some Companies Band Together to Support Nascent Low-Carbon Products
▼ + stars: | 2022-11-21 | by ( Dieter Holger | ) www.wsj.com time to read: +5 min

Global companies are combining their purchasing power to help commercialize low-carbon technologies as part of their efforts to meet net-zero commitments. One of the biggest corporate spending plans announced at the United Nations climate conference, known as COP27, was the First Movers Coalition. Its 65 member companies promise to collectively purchase $12 billion of nascent low-carbon products and services by 2030 to help suppliers develop their offerings and scale up. Once commitments are made, companies and suppliers meet regularly to share progress and work together. “Microsoft did not join [the First Movers Coalition] in Glasgow last year.

☆ Budweiser World Cup campaign curbed, not crashed, by Qatar beer ban
▼ + stars: | 2022-11-19 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +5 min

Budweiser has been a World Cup sponsor since the 1986 tournament in Mexico. STRICT CONTROLSBut Qatar 2022 was always going to be different, as the first World Cup held in a conservative Muslim country with strict controls on alcohol, the consumption of which is banned in public. He added that FIFA and Budweiser had been partners for decades and looked forward to being partners in the future. Doukeris though has said that the far greater impact in terms of beer sales is from fans across the globe, many with a AB InBev beer in hand - from a Jupiler in Belgium to a Brahma in Brazil. Indeed, the brewer has launched its biggest ever World Cup campaign in over 70 markets, more than double the number of participating countries, compared with just over 50 for the 2018 edition.

☆ Uganda to roll out trial vaccines as it scrambles to control Ebola outbreak
▼ + stars: | 2022-11-18 | by ( Larry Madowo | ) edition.cnn.com time to read: +8 min

Mubende, Uganda CNN —Joseph Singiringabo has lost almost everything and everyone he held dear to Ebola. An Ebola treatment unit in Mubende, Uganda. Larry Madowo/CNNHe has been involved in every Ebola outbreak in Uganda as well as in Sierra Leone in 2017. However, the country is about to roll out three trial vaccines that have been certified as safe by the World Health Organization (WHO) working group. He has now barred traditional healers and witchdoctors from taking clients during the Ebola outbreak.

☆ No alcohol sales permitted at Qatar's World Cup stadium sites
▼ + stars: | 2022-11-18 | by ( Andrew Mills | ) www.reuters.com time to read: +5 min

The announcement comes two days before Sunday's kickoff of the World Cup, the first to be held in a conservative Muslim country with strict controls on alcohol, the consumption of which is banned in public. For years, Qatar's tournament organisers have said that alcohol would be widely accessible to fans at the tournament. Budweiser has been a World Cup sponsor since 1985, the year before the event was held in Mexico. "Tournament organisers appreciate AB InBev’s understanding and continuous support to our joint commitment to cater for everyone during the FIFA World Cup," the statement said. Questions have swirled around the role alcohol would play at this year's World Cup since Qatar won hosting rights in 2010.

☆ Mexico name injured Jimenez in World Cup squad
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Nov 14 (Reuters) - Mexico coach Gerardo Martino named striker Raul Jimenez in his squad travelling to the World Cup in Qatar as he continues his recovery from injury problems. Jimenez, 31, has only played four matches this season for Premier League Wolverhampton Wanderers after sustaining knee and groin injuries. Real Betis midfielder Andres Guardado will lead Mexico in his fifth World Cup after becoming his country's most capped international. Mexico will be without Sevilla forward Jesus Corona due to an ankle injury and youngsters Santiago Gimenez and Diego Lainez did not make the cut. Mexico play Sweden in their last warm-up match on Wednesday before heading to Qatar where they are in Group C along with Poland, Argentina and Saudi Arabia.

We're selling 125 shares of Morgan Stanley (MS) at roughly $90.44 each, and buying 45 shares of Constellation Brands (STZ) at roughly $242.25 each. We're taking the Morgan Stanley funds and redeploying them into Constellation Brands on a nearly dollar-for-dollar basis. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Andrew Kelly | ReutersWe're selling 125 shares of Morgan Stanley (MS) at roughly $90.44 each, and buying 45 shares of Constellation Brands (STZ) at roughly $242.25 each. We're taking the Morgan Stanley funds and redeploying them into Constellation Brands on a nearly dollar-for-dollar basis.

☆ What Cramer is watching Friday — Day 2 rally, China eases more Covid rules, Intel double downgrade
▼ + stars: | 2022-11-11 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

I see Club holding Estee Lauder (EL) as a buy on China starting to ease pandemic restrictions. Club holding Nvidia (NVDA) reports its quarter next week, and there seems to be a conclusion to the glut in semiconductors. JPMorgan double downgraded Intel (INTC) to underweight from overweight (sell from buy) and cuts its price target in half to $32 per share. Citi cuts price target on Palantir (PLTR) to $5 per share from $6 on slowing growth. Mizuho cuts price target on Kimco Realty (KIM) to $22 per share from $25.

☆ KFC apologizes after Kristallnacht promotion in Germany
▼ + stars: | 2022-11-10 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

A menu of a drive-in counter of a branch of the fast food chain Kentucky Fried Chicken (KFC). KFC apologized this week for sending a mobile app alert telling German customers to "treat yourself" on Kristallnacht. Kristallnacht, or the night of broken glass, refers to the pogroms against Jewish people in Germany and Austria carried out by Nazis in November 1938. On Wednesday, the Yum Brands chain sent a notification that reportedly said "It's memorial day for Kristallnacht! The fried-chicken chain said that it uses a bot linked to national observances to create notifications for its mobile app.

☆ Constellation's stock reclassification is a win for regular shareholders
▼ + stars: | 2022-11-10 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

Constellation's shareholders on Wednesday approved the termination of the Corona beermaker's Class B shares, which follows the board of directors sign off on the proposal back in June . The stock reclassification removes an overhang on the Class A stock, which could help boost Constellation's valuation in the long term. The news Roughly 75% of Constellation's Class A shareholders agreed to scrap the company's super-voting Class B shares, which were owned by members of the founding Sands family. The end of Constellation's Class B shares is not the only corporate governance improvement the company has made in recent weeks. Now that Constellation's dual-class share structure is going by the wayside our investment case has only been sweetened .

Rep. Ken Calvert is running against Democrat Will Rollins in California's 41st Congressional District. The 41st District includes the city of Corona, Calvert's hometown. Calvert, who has a history of opposing same-sex marriage, faces Rollins in a district that has long backed gay rights. 2022 General EmbedsCalifornia's 41st Congressional District candidatesCalvert is a senior member of the House Committee on Appropriations. Voting history for California's 41st Congressional DistrictCalifornia's 41st Congressional District, located in Riverside County, covers a swath of the Coachella Valley and includes Palm Springs, Lake Elsinore, and parts of Corona and Riverside.

☆ Republican Rep. Young Kim faces off against Democrat Asif Mahmood in California's 40th Congressional District election
▼ + stars: | 2022-11-05 | by ( Hanna Kang | ) www.businessinsider.com time to read: +5 min

Rep. Young Kim is running against Democrat Asif Mahmood in California's 40th Congressional District. The 40th District is an affluent, suburban district anchored in Orange County. CA-13CA-22CA-27CA-41CA-45CA-09CA-47CA-49 HouseRepublican Rep. Young Kim is vying for a second term against Democrat Asif Mahmood in California's 40th Congressional District. California's 40th Congressional District candidatesKim, a freshman representative, sits on the House Committees on Foreign Affairs, Science, Space and Technology, and Small Business. Voting history for California's 40th Congressional DistrictCalifornia's 40th Congressional District is an affluent, suburban district anchored in Orange County.

☆ Republican Rep. Ken Calvert faces off against Democrat Will Rollins in California's 41st Congressional District election
▼ + stars: | 2022-11-02 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Rep. Ken Calvert is running against Democrat Will Rollins in California's 41st Congressional District. Calvert, who has a history of opposing same-sex marriage, faces Rollins in a district that has long backed gay rights. California's 41st Congressional District candidatesCalvert is a senior member of the House Committee on Appropriations. First elected to the US House in 1992 to represent California's 43rd Congressional District, Calvert is the longest-serving Republican of the state's congressional delegation and one of the most senior members serving in the legislative body. Voting history for California's 41st Congressional DistrictCalifornia's 41st Congressional District, located in Riverside County, covers a swath of the Coachella Valley and includes Palm Springs, Lake Elsinore, and parts of Corona and Riverside.

☆ Over 200,000 trans people could face voting restrictions because of state ID laws
▼ + stars: | 2022-11-01 | by ( Jo Yurcaba | Jo Yurcaba Is A Reporter For Nbc Out. | ) www.nbcnews.com time to read: +12 min

Seaton showed his state ID. “So I expect that we’re going to hear more stories of trans people being harassed, whether by voters, poll workers, poll monitors or other folks who are present during the election.”Impact of voter ID laws on trans votersVoter identification laws differ widely by state. Eight of those states have strict photo ID laws. Since the 2020 election, 12 states have enacted new or stricter voter ID laws, according to VoteRiders, a nonpartisan voting rights organization. In the 15 states without ID laws, voters’ identities are usually verified by checking them against their voter registration information, according to the National Conference of State Legislatures.

☆ Factbox: World Cup 2022: which major football players are missing FIFA tournament?
▼ + stars: | 2022-10-31 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

Nov 14 (Reuters) - Following is a list of players who have been ruled out or are doubtful for the Nov. 20-Dec. 18 World Cup through injury. The 29-year-old resumed training but on Oct. 31 his agent said the midfielder would not return to action for Juventus nor the world champions before the World Cup. PEDRO NETO (PORTUGAL)The 22-year-old Wolverhampton Wanderers winger will undergo surgery on an ankle injury sustained against West Ham United in October. BOUBACAR KAMARA (FRANCE)The Aston Villa midfielder suffered a knee ligament injury in September that will keep him out until after the World Cup. SADIO MANE (SENEGAL)Sadio Mane has been named in Senegal's squad for the World Cup despite suffering an injury playing for Bayern Munich.

☆ NASA said the sun was seen 'smiling' in a newly released satellite image
▼ + stars: | 2022-10-29 | by ( Hannah Williams | ) www.businessinsider.com time to read: +2 min

The sun can be seen 'smiling' in a new image from NASA's Solar Dynamics Observatory. The "eyes" and "mouth" on the surface of the sun are coronal holes. The photo was captured by NASA's Solar Dynamics Observatory, a program working to understand the changes in the Sun's radiation output. Today, NASA's Solar Dynamics Observatory caught the Sun "smiling." "Seen in ultraviolet light, these dark patches on the Sun are known as coronal holes and are regions where fast solar wind gushes out into space."

☆ Cannabis giant Canopy Growth crafted a complex plan to get into the US and reverse a stock slump. But some analysts say it could backfire.
▼ + stars: | 2022-10-28 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +6 min

It's another consequence of the quasi-legality of the cannabis industry in the US. The Canadian cannabis giant Canopy Growth has long searched for a way to give its stock a much-needed boost. "We continue to have open conversations with the exchanges," Klein said. He added that Canopy's deal could provide a model for other Canadian cannabis companies that want to do business in the US. Jefferies said Nasdaq's objection to Canopy's plan was a key risk and that the rest of the cannabis industry should pay close attention.

☆ AB InBev raises 2022 outlook as beer sales accelerate
▼ + stars: | 2022-10-27 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +3 min

SummarySummary Companies Q3 core profit up 6.5% vs market consensus 5.2%AB InBev says beer market resilientHeineken, Carlsberg voice concerns over European consumersBRUSSELS, Oct 27 (Reuters) - Anheuser-Busch InBev (ABI.BR), the world's largest brewer, reported higher-than-expected quarterly earnings on Thursday as beer sales accelerated, and raised its 2022 outlook to the top-end of its previous forecast range. Third-quarter core profit - earnings before interest, tax, depreciation and amortisation - rose 6.5% on a like-for-like basis to $5.31 billion, above the 5.2% climb forecast by analysts in a company-compiled poll. The company said it now expects its core profit to rise by between 6% and 8%. EUROPEAN CONSUMER PINCHAB InBev's largest rivals, far more reliant on Europe, gave a more cautious view of the beer market. For it and Heineken, Europe represented at least 50% of their third-quarter business, against less than 15% for AB InBev.

☆ Pot producer Canopy sets up holding entity for speedy U.S. market entry
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +2 min

The pot producer will not right away benefit from the transactions as weed remains federally illegal and Canadian companies that grow or sell marijuana cannot do so in the United States. read moreIn anticipation of the changes, Canopy on Tuesday outlined a complex holding company structure to set up Canopy USA LLC. Canopy USA will now skip the wait and take over the firm right away, it said. Canopy USA will also take over Wana and Jetty, streamlining ownership. Constellation could still choose not to convert its stake, in which case Canopy USA will not proceed with these deals.

Search resuls for: "Corona"

25 mentions found