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Don't ignore the European market, Jim Cramer says
  + stars: | 2024-11-04 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
CNBC's Jim Cramer on Monday told investors not to write off the power of European markets, pointing out economic growth across the region. But he pointed out a number of developments in the European economy, including three rate cuts from the European Central Bank. Cramer suggested there's been growth across the continent, especially in southern rim countries like Portugal, Italy and Greece. Cramer added that he was impressed by growth in European markets that tech giants Amazon and Apple reported when they posted earnings last week. "Sooner or later, Wall Street's going to wake up to the fact that Europe is back," Cramer said.
Persons: CNBC's Jim Cramer, Cramer, there's, Donald Trump, Wall Organizations: European Central Bank, Credit Suisse, Banco Santander, Apple Locations: Europe, Portugal, Italy, Greece, Spain, China
Online shopping, which the US Census Bureau estimates accounts for roughly 16% of all retail sales, theoretically makes it easier to find exactly what we are looking for. AdvertisementThe golden age of comparison shopping isn't so golden after all. Ursu has studied two factors in shopping: search costs and search fatigue. Ursu guessed that the most exhausting stage of shopping is comparison shopping — when people pore over minuscule details between products to find the best one. Related storiesIf people abandon their shopping carts because they get overwhelmed by search fatigue, it can come back to bite retailers.
Persons: We'd, It's, Barry Schwartz, Jason Goldberg, Publicis, they've, Marsh, Samantha Kleinberg, you've, moisturizer, New York University's Leonard N, Ursu, Qianyun Zhang, Elisabeth Honka, lockdowns, Lauren Ralph Lauren, Goldberg, Rufus Organizations: Ikea, Amazon, Accenture, Swarthmore College, Walmart, Shoppers, Lehigh University, Stevens Institute of Technology, Cognitive, New York, Stern School of Business, Google Locations: New, Netherlands, Wayfair
CNBC's Jim Cramer reviewed Monday's market action, saying the session's moves reflect investors who feel Vice President Kamala Harris could win the presidency, even as the race remains deadlocked in the polls on the eve of Election Day. "I'm not sure the market's right about what a Harris presidency would mean for business, but at least now we have a blueprint for what Wall Street thinks it'll mean," he said. Traders, Cramer said, are looking to get ahead of election results, and they're looking for signs that someone knows something that others don't. The poll showed Harris leading Trump 47% to 44%, and Cramer said it has led investors to question whether other red states could turn blue. "I like the idea that you can now get a jump on what traders think," he said.
Persons: CNBC's Jim Cramer, Kamala Harris, I'm, Harris, Cramer, Donald Trump, Lina Khan Organizations: Traders, Trump, Toll, Companies, Constellation Brands, Biden, Federal Trade Locations: Iowa, Lennar
Morgan Stanley reiterates Apple as buy Morgan Stanley said it's sticking with the stock following the release of the company's annual 10-K analysis. " Morgan Stanley reiterates Amazon as overweight Morgan Stanley raised its price target on Amazon to $230 per share from $210. Morgan Stanley upgrades Entergy to equal weight from underweight Morgan Stanley said the energy company's outlook has improved. " Morgan Stanley upgrades Roblox to overweight from equal weight Morgan Stanley said in its upgrade of the stock that it sees a long runway for growth. " Morgan Stanley downgrades STMicroelectronics to underweight from equal weight Morgan Stanley said it sees too many headwinds from the semis manufacturer.
Persons: Berkshire Hathaway, Price, Morgan Stanley, Apple, Goldman Sachs, Goldman, it's bullish, Rollins, William Blair, TSMC, Bernstein, Trip.com, Morgan Stanley downgrades STMicroelectronics, Hollister comps, Peter Stern, D.A, Davidson, AAPL Organizations: UBS, Berkshire, Citi, Apple, PlayStation, Barclays, Blackwell, Tencent, Entertainment, Trip.com, Bank of America, Inc, KeySight, Qs, Abercrombie & Fitch Citi, of America, " Bank of America, Meta, Walmart Locations: Kazakhstan, LA, China
Learn moreThe concept of smart glasses isn't new, but by collaborating with Ray-Ban, Meta's Smart Glasses offer an unprecedented level of style to their functionality. Meta Smart Glasses are designed with discrete, built-in cameras that you can use to take photos and videos from your point of view. Per the links above, various Ray-Ban Meta Smart Glasses are available for sale at multiple retailers, including Amazon and the official Ray-Ban site. Even prescription glasses wearers can enjoy the benefits of Ray-ban Meta Glasses with transitions and prescription tinted lenses. Pick up your pair of Ray-ban Meta Glasses at Amazon or Ray-ban.
Persons: Ray Organizations: Business, Ray, Amazon, Amazon Prime
data center, in Navi Mumbai, India, on Thursday, Mar. Some of the options on the table include a pivot to nuclear, liquid cooling for data centers and quantum computing. A server room at a data center in India. Alongside nuclear energy and liquid cooling technology, some tech players have suggested developments within AI could help to decarbonize data centers. Aerial view of a data center owned by the US multinational and technology company Google in Santiago on October 9, 2024.
Persons: Somya Joshi, Frisio, Dhiraj Singh, Raj Hazra, Peter Herweck, Eric Schmidt, SEI's Joshi, Joshi, Hazra, Rodrigo Arangua Organizations: Yotta Data Services, Bloomberg, Getty, Big Tech, Stockholm Environment Institute, SEI, CNBC, International Energy Agency, Swiss, ABB, Microsoft, Google, Schneider Electric, Motivair Corp, Quantinuum, Afp, Honeywell Locations: Navi Mumbai, India, Mar, Stockholm, U.S, Santiago, South America, Quantinuum
To Barry Diller, a friend of Amazon founder Jeff Bezos, the decision for The Washington Post not to endorse a candidate in tomorrow's presidential election was "absolutely principled" — and poorly timed, he said Monday on CNBC's Squawk Box. "They made a blunder — it should've happened months before, and it didn't, and that's the issue with it," Diller said. Diller is chairperson of both online travel company Expedia and IAC , which owns media platforms and websites like Dotdash Meredith and Care.com. "I think it was absolutely principled," Diller said. "The mistake they made — and it was a mistake admitted by him — was timing."
Persons: Barry Diller, Jeff Bezos, Diller, Dotdash Meredith, Care.com, Diane von Furstenberg, Lauren Sanchez, Bezos, Organizations: Amazon, The Washington Post, IAC Locations: Bezos
And before you ask, no, he doesn't feel bad about it, especially when he pilfers from Whole Foods. AdvertisementBut there's also a lot we don't know about retail theft. "No, I don't feel bad about stealing from Jeff Bezos," one 20-something occasional shoplifter in Washington, DC, told me. "It doesn't feel like a world in which I can really get by and build a life very easily anymore, " he said. Advertisement"If most of this is happening in Walgreens and Walmart and places like that, I don't know, is it a problem?"
Persons: Carson's, he's, Carson, He's, shoplifts, Jeff Bezos, there's, it's, Joshua Jacobson, California who's, , that's, Ernesto Lopez, they've, Jeff Prusan, Joe Schmoes, they're, Keith, shoplifter, That's, Donovan, Donovan's, snagging, she's, Jacobson, Jeff Bezos isn't, David Johnston, we're, hasn't, Emily Stewart Organizations: Walmart, Foods, Amazon, National Association of, Criminal, Atlantic, Depot, Target, Guardian, National Retail Federation, Business Locations: New York, California, Washington ,, Atlanta, Texas, Illinois, Walgreens
The major stock benchmarks rallied Friday but were lower last week, with the Nasdaq leading the way lower after reaching new highs. Eight other Club names reported earnings last week, including Eli Lilly and Eaton. Despite indications from Big Tech that Nvidia's AI chips will remain in hot demand, the Club stock fell 4.3% for the week. The S & P 500 , which is less tech-weighted, fell nearly 1.4% for the week, making it back-to-back weekly losses for the broader market index. Earnings After analyzing earnings reports from 14 of our portfolio companies last week, there is only one Club name on the docket this week.
Persons: Eli Lilly, Eaton, Jim Cramer, financials Goldman Sachs, Kamala Harris, Donald Trump, Harris, Trump, That's, Jerome Powell, We're, we'll, Archer, Johnson, Jim Cramer's, Jim, Brendan McDermid Organizations: Nasdaq, Devices, Apple, Microsoft, Big Tech, Club, Nvidia, Dow, Intel, AMD, Dow Jones, Visa, American Express, JPMorgan, Bond, Federal Reserve, Boeing, Treasury, White, DuPont, Election, Protection, Electronics, Industrial, Constellation Energy, Marriott, Century Fox, Wynn Resorts, WYNN, Goodyear Tire, Cirrus, Diamondback Energy, Daniels, Midland, Apollo Global Management, Ferrari, Restaurant Brands, Emerson Electric, Devon Energy, Novo Nordisk, CVS Health, Howmet Aerospace, Teva Pharmaceutical Industries, Cedar Fair Entertainment, Toyota, American Electric Power Company, Johnson Controls, Dine Brands, Holdings, AMC Entertainment, Qualcomm, Coty, COTY, Energy, Barrick, Halliburton, HAL, Hershey, Air Products & Chemicals, Warner Bros ., Arista Networks, Rivian Automotive, Trade, Icahn Enterprises, Sony, SONY, Paramount, Jim Cramer's Charitable, CNBC, New York Stock Exchange Locations: BlackRock, Florida, China, Sluggishness, Cleveland, New York City, U.S
LONDON — Buy now, pay later firm Affirm launched Monday its installment loans in the U.K., in the company's first expansion overseas. Founded in 2012, Affirm is an American fintech firm that offers flexible pay-over-time payment options. Affirm, which is authorised by the Financial Conduct Authority, said its U.K. offering will include interest-free and interest-bearing monthly payment options. Among the first merchants offering Affirm as a payment method in the U.K. are Alternative Airlines, the flight booking website, and payments processing firm Fexco. Max Levchin, CEO of Affirm, told CNBC that the company had been working on its launch in the U.K. for over a year.
Persons: Max Levchin, Levchin Organizations: PayPal Inc, Enercare Center, LONDON, Financial, Authority, Walmart, Airlines, CNBC, Affirm's Locations: Toronto, Canada, American
Stock futures dipped in overnight trading Sunday as investors geared up for the highly-anticipated U.S. presidential election. S&P 500 futures and Nasdsq-100 futures edged lower. Stocks are coming off a strong start to November, with Amazon and big technology stocks boosting the tech-heavy Nasdaq Composite and S&P 500- 0.8% and 0.4%, respectively. Along with the election, Wall Street is bracing for the latest rate decision from the Federal Reserve. Earnings seasons presses on with about a fifth of the S&P 500 slated to report in the coming week.
Persons: , Donald Trump, Kamala Harris, CFRA Research's Sam Stovall, CNBC's, We've, Jerome Powell, Sarah Min Organizations: Dow Jones Industrial, Amazon, Nasdaq, Dow Jones, NBC, U.S . House, Republican, Democratic, Federal Reserve, Traders, Micro, Moderna, CVS Health, Qualcomm, Wynn Resorts
William Reeve is an entrepreneur who's been angel investing for the past 25 years. AdvertisementThis as-told-to essay is based on a transcribed conversation with William Reeve, 52, an angel investor based in North London. I've been a fairly active angel investor for 25 years now. I'd say the sort of people who do angel investing because their accountant suggests doing it for tax breaks aren't going to do very well. AdvertisementDo you want to share your angel investing story?
Persons: William Reeve, who's, , Reed, I've, Gabrielle Wesley, I'd, It's, Alfred Hitchcock, haven't Organizations: Service, Amazon, Fletcher Research, Mars, McKinsey Locations: North London, Dunelm, Mars Wrigley, America
Insider Today: Big Tech battle royale
  + stars: | 2024-11-03 | by ( Matt Turner | ) www.businessinsider.com   time to read: +5 min
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On the agenda today:Related Video How Twitter panic took down Silicon Valley BankBut first: Takeaways from a big week in Big Tech. All about AI, all the timeGetty Images; Jenny Chang-Rodriguez/BIThe trillion-dollar giants of Big Tech reported earnings this week, beating estimates and committing billions to AI. The disappearing tech freebiesMint Images - David Arky/Getty, masterzphotois/Getty, Tyler Le/BIAfter years of upping the ante with everything from exercise classes to laundry services, tech companies are clamping down on freebies.
Persons: , we'll, Jenny Chang, Rodriguez, Sundar Pichai, execs, Mark Zuckerberg, Natalie Ammari, Tesla, James Yates, David Arky, Tyler Le, BI's Graham Flanagan, Matt Garman Organizations: Business, Service, Big, Big Tech, Apple Apple, underwhelmed, Apple Intelligence, Meta Meta, Nvidia, Microsoft Microsoft, United States Army, Amazon Locations: Big Tech, China, Italy, Spain, New Zealand, Hawaii
Artificial intelligence plays Palantir, Qualcomm and Super Micro Computer are among the 96 S & P 500 names on deck. Monday Palantir is set to report earnings after the bell, with a call scheduled for 5 p.m. This quarter: Earnings are expected to have soared more than 20% from the year-earlier period, per LSEG. Tuesday Super Micro Computer is set to report earnings after the close, followed by a call at 5 p.m. Qualcomm is set to report earnings after the close, with a call set for 4:45 p.m.
Persons: PLTR, SMCI, Ernst & Young, TD Cowen, Andrew Charles doesn't, Karen Lynch, David Joyner, Ross Seymore Organizations: Qualcomm, Apple, Microsoft, Meta, Investment, LSEG, Micro, Yum Brands, Brands, CVS, Revenue, VanEck Semiconductor, Deutsche Bank
Horton makes the most sense as a Kamala Harris stock because of a promised $25,000 toward a first home. I don't know if either candidate can pull off huge tariffs (Trump) or a credit (Harris). Here are eleven surprising things about this earnings season that you can store up and pull out when the election is confirmed. The deficit will begin to hurt the stock market hard next year even if the economy continues to cool. Away from the hyperscalers, I like Marvell , where CEO Matt Murphy bought $1 million worth of stock in the open market.
Persons: beckons, Joe Biden, Biden, Donald Trump, D.R, Horton, Kamala Harris, Harris, let's, Let's, Trump, haven't, Myers, Abbvie, Eli Lilly, Anat Askenazi's, Abbott, neonatologists, Reckitt, Jim Hurst, Danaher, Jason Hollar, It's, Amgen, That's, Estee Lauder, Parker, Pat Gelsinger's, He's, Matt Murphy, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: U.S, NBC News, White, Ford Motor, Trump, Costco, Volkswagen, Bankers, Banco Santander, Apple, Amazon, GE Vernova, U.S ., Treasury, Merck, NEC, FDA, CDC, NIH, GE Healthcare, Cardinal Health, NPC, Nvidia, Caterpillar, Linde, Devices, heaven's, Intel, Marvell, Micron, Arista, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Europe, Germany, China, Portugal, Ireland, Italy, Greece, Spain, It's, Santander, , Bristol, U.S, Taiwan, Eaton, Dover, Norwegian, Caribbean, San Francisco
The holiday shopping season is upon us, and our retail stocks are well-positioned to thrive, according to Wall Street research firm Telsey Advisory Group. Telsey Advisory expects value-seeking to be a key theme among shoppers this year, which puts companies with reputations for good deals on solid ground. Overall, the firm expects holiday retail sales up between 3% to 3.5% this year, compared with 4.6% growth last year and a 5.4% increase in 2022. Costco has had a good year so far, and that should continue in the final months of 2024, Telsey Advisory argued. Big picture Telsey Advisory selecting these four Club stocks as preferred names this holiday season reflects their competitive chops within their respective categories.
Persons: Dana Telsey, Milton, we've, Jim Cramer's, Jim Cramer, Jim, Thomas Trutschel Organizations: Telsey Advisory, Costco, TJX Companies, Telsey, Walmart, CNBC, National Retail Federation, Hurricanes, U.S, Amazon Prime, Photothek, Getty
Lindsay Roselle transformed her view on motherhood after an ayahuasca retreat in the Amazon. AdvertisementThis as-told-to essay is based on a conversation with Lindsay Roselle, a 42-year-old entrepreneur and mom from Colorado who attended an ayahuasca retreat and started microdosing psilocybin. Then in 2022, I was flying to a remote part of the Amazon for a three-day ayahuasca retreat, where I ingested a plant-based psychedelic used for medicinal, spiritual, and ceremonial purposes. My mom contributed to my negative idea of motherhoodGiving up my entrepreneurial career was never an option for me. The first one would be the biggest: a three-day ayahuasca ceremony held during a two-week trip to the Amazon.
Persons: Lindsay Roselle, , That's, they're, I've, Tess Martinelli Organizations: Service Locations: Colorado, Peru, tmartinelli
Reno Mayor Hillary Schieve says city leaders should cut regulations that stymie construction. AdvertisementThe mayor of Reno, Nevada, argues that the single best thing city leaders can do to help solve one of the country's worst housing shortages is to loosen regulations on housing construction. As mayor, Schieve has celebrated the new jobs and the growth of arts and culture in Reno and its surroundings. Under Schieve, Reno has loosened some of its regulations by allowing for more density, reducing parking requirements, and cutting fees. Schieve, the former chairwoman of the US Conference of Mayors, said Reno's rules regarding affordable housing construction are relatively lenient.
Persons: Hillary Schieve, , There's, Schieve, Alex Horowitz, Tesla, she's, Joe Biden, Biden, Adrianne Todman, Donald Trump's, We've, we've, Vance, That's, Trump, Kamala Harris Organizations: Reno, Service, Apple, US, of Mayors, White Locations: Nevada, Reno , Nevada, Reno, Las Vegas
Nvidia is replacing Intel in the Dow Jones Industrial Average, S&P Dow Jones Indices said Friday. AdvertisementNvidia is joining the Dow Jones Industrial Average, the S&P Dow Jones Indices said on Friday, replacing its rival Intel, which held the position for 25 years. AdvertisementThe Sherwin-Williams Company (SHW) will also replace Dow Inc. (DOW) in the index. The Dow Jones Industrial Average, or DJIA, is made up of 30 blue-chip companies, from Amazon to Walt Disney Co., and is often used as a benchmark for the broader US economy. Now, with its entrance into the DJIA, it only underlines the mainstream acceptance of Nvidia as a market leader.
Persons: Dow, , Sherwin, missteps, Pat Gelsinger, Jensen Huang, Jensen, Dan Ives, JPMorgan Chase, Johnson, Goldman Sachs Organizations: Nvidia, Intel, Dow Jones, Service, Williams Company, Dow Inc, DOW, Walt Disney Co, Amazon Web Services, Corporate Finance Institute, Microsoft, Walmart, JPMorgan, UnitedHealth, Procter, Gamble Company, Cola Company, Chevron Corporation, Merck, Co, Cisco Systems, McDonald's Corporation, Business Machines Corporation, IBM, American Express Company, Caterpillar, Verizon Communications, Walt Disney Company, Goldman, Honeywell International, Nike, Boeing Company, Intel Corporation, 3M Company, Travelers Companies, Dow Locations: Amazon, Silicon Valley, Susquehanna
Among the megacap stocks, Alphabet , Amazon and Microsoft grew year-over-year, cloud-based revenue by 35%, 19% and 20%, respectively. But of the five largest companies that have so far reported results — Meta Platforms , Alphabet, Amazon, Apple and Microsoft — only two finished the week higher. META 5D mountain Meta, 5 days Commentary from some of the tech companies signaled that AI demand remains robust. Amazon CEO Andy Jassy justified stepped up AI spending, saying that investors will be rewarded over the long haul. AMZN 5D mountain Amazon, 5 days Meanwhile, the still enormous spending patterns among megacap technology companies signals no downturn for de facto AI leader Nvidia.
Persons: Gene Munster, Sundar Pichai, Andy Jassy, Ray Wang, Wang, Mark Malek, Constellation's Wang, Satya Nadella's, Eric Clark, Clark Organizations: Microsoft, Apple, Constellation Research, Brands, Nvidia
With Wall Street laser focused on cloud computing this week, Google outpaced its rivals in growth, a key sign for investors that the internet company is gaining traction in artificial intelligence. Amazon Web Services, which remains the market leader, grew 19% to $27.45 billion, meaning it's more than twice the size of Google Cloud but expanding about half as quickly. Second-place Microsoft said revenue from Azure and other cloud services grew 33% from a year earlier. Five of the six trillion-dollar tech companies reported results this week, with AI chipmaker Nvidia as the outlier. Google reported a 17% cloud operating margin in the third quarter, after first turning a profit last year.
Persons: Sundar Pichai, Melissa Otto Organizations: Munich, Google, Web Services, Microsoft, Nvidia, Argus Research, CNBC Locations: Hof, Munich, Germany
A third-party legal probe into Jimmy Donaldson’s MrBeast LLC found that allegations of sexual misconduct directed at the top YouTube creator’s company were baseless. In a social media post Friday, Donaldson wrote on X that an investigation into allegations regarding his company had concluded. But the law firm wrote in its assessment that “allegations of sexual misconduct (e.g., pedophilia, grooming, child pornography, etc.) In a post on X, LavaGS said private investigators reviewed all the DMs and interactions between them and Tyson. "It was incredibly difficult having my name thrown around in a public forum without being given the opportunity to share the truth," LavaGS wrote Friday.
Persons: Jimmy Donaldson’s MrBeast, Quinn Emanuel Urquhart, Sullivan, Ava Kris Tyson, ” Tyson, Tyson, Donaldson, ” Quinn Emanuel, Discords, WhatsApps, , , LavaGS, ” Donaldson, Kai Cenat, Logan Paul, Bella Poarch, Quinn Emanuel Organizations: YouTube, NBC News, Games, Company, Forbes, Amazon Studios
CNN —Mariah Carey is finally ready. After recently posting some videos poking a bit of fun at her reputation as the “Queen of Christmas,” the superstar singer used Halloween to officially launch the winter holiday season. The post also served as an ad for Kay Jewelers, which supplied the bling Carey wears in the video. It’s voting season.”“All I Want for Christmas Is You” off her 1994 album “Merry Christmas” and is now considered to be a classic. Amazon Music has announced an exclusive collaboration with Carey on her brand new “Christmas Time by Mariah Carey” holiday decor and tour merch collections to celebrate the 30-year anniversary of her hit song.
Persons: Mariah Carey, Carey, Gomez Addams, Organizations: CNN
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMartin: Amazon's comments on generative AI should be good news for NvidiaThomas Martin of GLOBALT Investments discusses the positive and negatives from Amazon and Apple's latest earnings reports.
Persons: Martin, Nvidia Thomas Martin Organizations: Nvidia, GLOBALT Investments
Oprah endorsed Meta's Ray-Ban smart glasses in her holiday gift list. Meta CEO Mark Zuckerberg said Meta's smart glasses continue to see strong demand. AdvertisementMeta's smart glasses are already outperforming expectations, and they just won a powerful endorsement as the holiday season kicks off. Oprah Winfrey listed the Ray-Ban Meta Smart Glasses in "Oprah's Favorite Things 2024," her annual gift guide on her digital platform called Oprah Daily. AdvertisementIt may provide another boost to the wave of success that Meta's smart glasses have already seen.
Persons: Oprah, Meta's Ray, Winfrey, Mark Zuckerberg, , Oprah Winfrey, Products Winfrey, Zuckerberg, Susan Li, Francesco Milleri Organizations: Service, Meta, Products, Financial Times
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