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☆ Apple tumbles after warning of dull holiday quarter
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

Nov 3 (Reuters) - Apple fell 3% on Friday after it disappointed Wall Street with a forecast that indicated growth will stay subdued in the quarter where the holiday season usually drives its strongest sales. The iPhone maker on Thursday predicted quarterly sales that were below market estimates, blaming weak demand for iPads and wearables, especially in key market China. "We view management's flat sales guidance as proof the company cannot rely on iPhone sales to drive shares higher, as it has in the past," D.A. "In mainland China, we set a quarterly record for the September quarter for iPhone," Cook told Reuters. He was also positive on the outlook for the services business, whose strong growth in the September quarter had helped the company top quarterly revenue expectations.

Persons: Bernstein, D.A, Davidson, Tom Forte, Tim Cook, Apple, Cook, Dan Ives, Aditya Soni, Shounak Dasgupta Organizations: Apple, U.S . National Retail Federation, Deloitte, Huawei, Reuters, Wedbush Securities, Thomson Locations: China

☆ Apple issues cautious revenue outlook for the holiday quarter. How to play the stock now
▼ + stars: | 2023-11-03 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple issues cautious revenue outlook for the holiday quarter. How to play the stock nowJim Cramer, Wamsi Mohan of Bank of America Securities, Toni Sacconaghi of Bernstein and Dan Ives of Wedbush Securities discussed Apple after the company reported fiscal fourth-quarter earnings Thursday and its fourth straight quarter of declining sales.

Persons: Jim Cramer, Wamsi Mohan, Toni Sacconaghi, Bernstein, Dan Ives Organizations: Bank of America Securities, Wedbush Securities, Apple

☆ Wedbush's Dan Ives on Apple: This is a golden opportunity to own the stock for the next year
▼ + stars: | 2023-11-02 | 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 EmailWedbush's Dan Ives on Apple: This is a golden opportunity to own the stock for the next yearDan Ives, Wedbush Securities analyst, Joe Terranova, Virtus Investment Partners chief market strategist, and Malcolm Ethridge, CIC Wealth Executive Vice Presiden, join 'Closing Bell' to discuss Apple ahead of the mega-cap reporting earnings after the bell and the broader markets.

Persons: Dan Ives, Joe Terranova, Malcolm Ethridge Organizations: Apple, Wedbush Securities, Virtus Investment Partners

☆ Watch CNBC's full interview with Wedbush's Dan Ives, Virtus Investment's Joe Terranova and CIC Wealth's Malcolm Ethridge
▼ + stars: | 2023-11-02 | 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 EmailWatch CNBC's full interview with Wedbush's Dan Ives, Virtus Investment's Joe Terranova and CIC Wealth's Malcolm EthridgeDan Ives, Wedbush Securities analyst, Joe Terranova, Virtus Investment Partners chief market strategist, and Malcolm Ethridge, CIC Wealth Executive Vice Presiden, join 'Closing Bell' to discuss Apple ahead of the mega-cap reporting earnings after the bell and the broader markets.

Persons: Wedbush's Dan Ives, Virtus Investment's Joe Terranova, Malcolm Ethridge Dan Ives, Joe Terranova, Malcolm Ethridge Organizations: Virtus Investment's, Wedbush Securities, Virtus Investment Partners, Apple

Customers might assume that nonunion automakers, like Toyota, Tesla or Hyundai-Kia, will now be able to price their vehicles well below what the Detroit automakers can. “When the dust settles from this UAW debacle, the Detroit auto stalwarts find themselves with a bigger cost profile with competition increasing," said Dan Ives, an analyst at Wedbush. That means that competition for buyers is intensifying as pent-up demand from the pandemic wanes, making it difficult for any automaker to raise prices. But if the Detroit companies report lower income, Wall Street will register its disappointment, and stock prices could fall. “You either raise your labor costs to meet what the UAW is getting or you risk the unionization drive.”

Persons: Stellantis, ”, Jonathan Smoke, pare, Dan Ives, Natalie Knight, Ram, Knight, Smoke, Shawn Fain, Fain, Art Wheaton, wouldn’t, Wheaton, Tesla, ” Wheaton Organizations: DETROIT, United Auto Workers, Detroit’s, General Motors, Ford, Toyota, Hyundai, Kia, Detroit, GM, Cox Automotive, UAW, Chrysler, Jeep, Cox, automakers, Detroit automakers, Cornell University, U.S Locations: United States, U.S, Stellantis, Detroit

☆ Is Meta a buy after the brutal tech sell-off? Here's what the pros are saying
▼ + stars: | 2023-10-31 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

Both Meta Platforms and Alphabet saw their shares caught up in a broad tech sell-off last week — but several analysts remain bullish. On Meta, concerns emerged last week following CFO Susan Li's comments on the advertising market in the fourth quarter. META YTD mountain Year-to-date share price movement in Meta Year-to-date, shares in Meta are up over 150% higher. Morgan Stanley views Meta as one of the companies best positioned to weather the volatility in the tech sector. We would be buying the pullback in Meta shares" in an Oct. 26 note.

Persons: Susan Li's, Dan Ives, CNBC's, He's, it's, Meta, Ives, Meta they're, pricings, Mark, Zuckerberg, Morgan Stanley, —, Jonathan Vanian, Michael Bloom Organizations: Facebook, Meta, Wedbush Securities, Labs, JPMorgan, Baird Equity Research Locations: Meta

☆ There's a 'game of thrones' in AI, but these China tech giants offer real value, tech veteran says
▼ + stars: | 2023-10-30 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

China's tech giants may be reeling from the regulatory clampdowns imposed by the government, but they still have "a lot of value," according to veteran analyst Dan Ives. "I think [for] China tech, there's a lot of value there when you look at Baidu , JD , Tencent and others. Because of China's regulatory restrictions, more institutional investors in Asia are focusing on U.S. tech instead, Ives added. It has a target price of $168 for Baidu — giving it around 56% potential upside from its Oct. 25 close — and $38 for JD.com, or around 50% upside. HSBC has a 425 Hong Kong dollar ($54.34) price target on Tencent, giving it an upside of around 48%.

Persons: Dan Ives, Tencent, that's, CNBC's, Ives, Goldman Sachs, — CNBC's Arjun Kharpal Organizations: Baidu, JD, Wedbush Securities, HSBC, Hong Kong, Hong Locations: China, Asia, British, Hong Kong

☆ Microsoft jumped headfirst into the AI race. Now it's cashing in.
▼ + stars: | 2023-10-26 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Microsoft's early investment in AI may already be paying off. AdvertisementAdvertisementAfter heavily investing in OpenAI after the launch of ChatGPT, Microsoft sparked something of an AI arms race among its big tech rivals. Microsoft's success had a lot to do with the success of Copilot, Rotibi said. "Microsoft has captured the zeitgeist of kind of the AI and generative AI with copilot," she said. Despite Microsoft''s success, Rotibi said it was still too early to call a winner in the AI race or say whether Google was falling behind.

Persons: —, Satya Nadella, Dan Ives, Ives, Bola Rotibi, Rotibi, It's Organizations: Service, Microsoft, CNBC, Google, CCS Insight, OpenAI, Excel Locations: OpenAI, Refinitiv

☆ This is a 'flex the muscles' moment for Microsoft on cloud and AI, says Wedbush's Dan Ives
▼ + stars: | 2023-10-24 | 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 EmailThis is a 'flex the muscles' moment for Microsoft on cloud and AI, says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Wedbush's Dan Ives, Brian Sullivan, “ Organizations: Microsoft, CNBC

The United Auto Workers union has once again escalated its strikes against big Detroit automakers, this time adding a factory that makes Ram pickup trucks for Stellantis. No progress was reported with Ford, which last week said it had the best offer of the three. The union went on strike Sept. 15 at one assembly plant from each company. By taking down the Stellantis factory, the union is signaling Ford and GM to improve their offers, Wedbush analyst Dan Ives said. Each time the automakers make an offer, Fain said, they insist it’s the best they can do, only to return days later with a better offer.

Persons: Shawn Fain, Ford, Stellantis, Dan Ives, Fain, ” Ives, “ We’ve, they’ve, ” Fain, ” ____ Koenig Organizations: United Auto Workers, Detroit automakers, Sterling, General Motors, Ford, UAW, Fiat Chrysler, France's PSA Groupe, GM Locations: Sterling Heights , Michigan, Louisville , Kentucky, Stellantis, Dallas

☆ Elon Musk acted like a 'little baby' and was 'almost in tears' on Tesla's 'terrible' earnings call, analyst says
▼ + stars: | 2023-10-22 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Financial analyst Kevin Paffrath criticized Elon Musk's comments on Tesla's recent earnings call. AdvertisementAdvertisementIt's now clear that Tesla's third-quarter earnings call on Wednesday didn't exactly go as expected. CEO Elon Musk acted like "a little baby," financial analyst and YouTuber Kevin Paffrath recently told Yahoo Finance. He also described the call as "terrible" and said Musk was "almost in tears" at one point. Kevin Paffrath hit out at Elon Musk's comments on the Tesla earnings call.

Persons: Kevin Paffrath, Elon Musk's, Musk, —, Elon Musk, Paffrath, Kevin, Tesla's, Tesla, who's, YouTube Tesla, Dan Ives Organizations: EV, Service, Yahoo Finance, Kevin YouTube, Elon, YouTube, Wedbush Securities Locations: Mexico

☆ 'Valuation looks increasingly unsustainable': Here's how Wall Street is reacting to Tesla's third-quarter earnings miss
▼ + stars: | 2023-10-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Here's how Wall Street analysts are reacting to Tesla's third-quarter report. Here's how Wall Street analysts are reacting to Tesla's third-quarter report. AdvertisementAdvertisementJPMorgan reiterated its "Underweight" rating and $135 price target, representing potential downside of 40% from current levels. AdvertisementAdvertisementWedbush reiterated its "Outperform" rating but lowered its price target to $310 from $350, representing potential upside of 38% from current levels. AdvertisementAdvertisementBank of America also lowered its price target to $290 from $300, representing potential upside of 29% from current levels.

Persons: Elon Musk, —, Musk, Tesla, Dan Ives, Ives Organizations: Elon, Service, JPMorgan, Ford, General Motors, Motors, Bank of America, of America

☆ Tesla earnings call was a 'mini disaster,' Wall Street analyst says
▼ + stars: | 2023-10-19 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

One Wall Street analyst referred to the accompanying earnings call as a "mini disaster." AdvertisementAdvertisementTesla's third-quarter earnings call was a "mini disaster," as one Wall Street analyst put it. "We dug our own grave with Cybertruck," Musk said. AdvertisementAdvertisementGiven all of that uncertainty, some analysts anticipated Musk also would end the frequent and substantial vehicle price cuts Tesla's had throughout this year. The ambiguity about pricing concerned Wall Street analysts like Ives.

Persons: Tesla, —, Elon Musk, Dan Ives, Musk, Vaibhav Taneja, Tesla's, Ives Organizations: Service, EV, Wedbush Securities

☆ Tesla's Q3 conference call was the definition of a disaster, says Wedbush's Dan Ives
▼ + stars: | 2023-10-19 | 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 EmailTesla's Q3 conference call was the definition of a disaster, says Wedbush's Dan IvesDan Ives, Wedbush Securities analyst, joins 'Squawk on the Street' to discuss Tesla's latest earnings, what investors got wrong about Tesla's stock, and how Musk can put a line in the sand on price cuts given today's macroeconomy.

Persons: Wedbush's Dan Ives Dan Ives Organizations: Wedbush Securities

☆ Premarket stocks: How billion-dollar fines are reshaping digital communications in banking
▼ + stars: | 2023-10-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

A version of this story first appeared in CNN Business’ Before the Bell newsletter. HSBC is blocking staff from texting on their work phones, a person familiar with the matter confirmed to CNN. What’s happening: Banks must follow strict compliance rules for how they use and store their employees’ texts and other business communications. “Banks use a wide range of approved channels to communicate in compliance with regulatory obligations,” a company spokesperson told CNN. Tesla reported adjusted earnings of $2.3 billion in the quarter, or 66 cents a share, down 37% from a year earlier and the smallest profits it reported in two years.

Persons: Banks, ”, ” Sanjay Wadhwa, Tesla, Chris Isidore, Refinitiv, Dan Ives, “ Price, Elon Musk, “, ’, Craig Jelinek, Ron Vachris, Jelinek Organizations: CNN Business, Bell, New York CNN, HSBC, CNN, Bloomberg, Securities and Exchange Commission, SEC, Commodity Futures Trading Commission, “ HSBC, Carlyle Group, Blackstone, Bank of America, Citigroup, Wedbush Securities, Costco, Sam’s Club, Walmart Locations: New York, London, Wells Fargo, WhatsApp, United States

☆ Tesla and Netflix Q3 earnings: What to expect
▼ + stars: | 2023-10-18 | 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 EmailTesla and Netflix Q3 earnings: What to expectDan Ives, Wedbush analyst, Alex Kantrowitz, Big Technology founder, and Jason Snipe, founder & CIO at Odyssey Capital Advisors, join 'Closing Bell' to discuss Netflix and Tesla as both companies report their earnings after the bell.

Persons: Dan Ives, Alex Kantrowitz, Jason Snipe, Tesla Organizations: Netflix, Big Technology, Odyssey Capital Advisors

☆ Tesla and Netflix earnings: Here's what to expect
▼ + stars: | 2023-10-18 | 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 EmailTesla and Netflix earnings: Here's what to expectDan Ives, Wedbush analyst, Alex Kantrowitz, Big Technology founder, and Jason Snipe, founder & CIO at Odyssey Capital Advisors, join 'Closing Bell' to discuss Netflix and Tesla as both companies report their earnings after the bell.

Persons: Dan Ives, Alex Kantrowitz, Jason Snipe, Tesla Organizations: Netflix, Big Technology, Odyssey Capital Advisors

☆ New report indicates sluggish iPhone 15 sales in China. How to play Apple stock right now
▼ + stars: | 2023-10-18 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew report indicates sluggish iPhone 15 sales in China. How to play Apple stock right nowBryn Talkington of Requisite Capital Management, Dan Ives of Wedbush Securities and Jason Snipe of Odyssey Capital Advisors discussed Apple as analysts say they are starting to see signs of slowing demand for the iPhone 15 in China.

Persons: Bryn Talkington, Dan Ives, Jason Snipe Organizations: Apple, Management, Wedbush Securities, Odyssey Capital Locations: China

☆ 'Tesla could be in the midst of a strategic pivot': Here's what Wall Street expects from the EV maker's 3rd-quarter earnings report
▼ + stars: | 2023-10-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

Here's what Wall Street expects from the EV maker's upcoming earnings report. AdvertisementAdvertisementAll eyes are on Tesla as it is scheduled to report its third-quarter earnings results on Wednesday after the market close. The EV maker already reported third-quarter deliveries of 435,059, which was below Wall Street expectations of 451,000 vehicles. Here's what Wall Street analysts are saying about Tesla's upcoming third-quarter earnings report. The bank lowered its third-quarter earnings per share estimate to $0.65 from $0.75, compared to GAAP EPS estimates of $0.78.

Persons: Tesla, —, Dan Ives, Ives, Wedbush, Goldman Sachs, Goldman Organizations: Investors, EV, Service, Wall Street, Bloomberg, RBC, Netflix, JPMorgan, Wall, Bank of America, of America, of Locations: China, Shanghai, Dallas, Tesla, 4Q23

☆ Ford says Tesla is 'loving this strike' as it pleads for a deal with the UAW
▼ + stars: | 2023-10-16 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

"Toyota, Honda, Tesla, and others are loving this strike," Bill Ford said Monday. Analysts have already said Tesla is winning the UAW strike. "Toyota, Honda, Tesla, and others are loving this strike because they know the longer it goes on, the better it is for them. But a fresh analysis released by the bank's analysts Monday found that, with Kentucky Truck down, the UAW strike has now cost Ford an estimated $517 million to GM's estimated $507 million. AdvertisementAdvertisementOne analyst called the UAW's strike a "nightmare scenario" for the Detroit Three, whose electric vehicle business models would be "torpedoed" by the UAW's demands.

Persons: Bill Ford, Ford, Tesla, —, Henry Ford, Stellantis, Ryan Brinkman, Shawn Fain, Fain, Dan Ives Organizations: Toyota, Honda, Kentucky, UAW, Service, United Auto Workers, Ford, Detroit, GM, Kentucky Truck, JPMorgan, General Motors, Wall Street Locations: Detroit, Kentucky

☆ As Tesla price cuts concede billions in sales, investors push Elon Musk to finally spend on ads
▼ + stars: | 2023-10-14 | by ( Tim Mullaney | ) www.cnbc.com time to read: +6 min

In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTA Tesla Model 3 with opened doors stands in the showroom. But there's one thing Black has had on his mind lately: That Tesla is wasting money on price cuts to keep growth rates high. At the same time, the major price cuts continue as Musk's primary strategy to drum up more interest in Teslas. Overall, the price cuts over the past year have shaved revenue by much more, Ives estimated. In effect, Black argues that Tesla price cuts are a de facto marketing expense, saying Tesla's share losses among EVs by Tesla this year suggest price cuts alone aren't working.

Persons: Gary Black, Tesla, Elon, Musk, didn't, Kevin Paffrath, we'll, they'd, Dan Ives, Black, EVs, Ives, Allen Weiss Organizations: Tesla, Getty, CNBC, @TroyTeslike, Netflix, Cox Automotive, Teslas, Tesla's, Newsday Locations: Chicago, California, U.S, Tesla's U.S, Smithtown , New York

☆ The pressure just got stronger for Bob Iger to carve up Disney
▼ + stars: | 2023-10-09 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

This means pressure is on for CEO Bob Iger to turn the company's stock around. AdvertisementAdvertisementThe pressure knob for Bob Iger just got turned a little higher. AdvertisementAdvertisement"We wish the very best to Bob, this management team, and the board," Peltz said on CNBC at the time. Since Disney's stock price peaked for the year in February at about $113 per share, it's fallen more than 25% to about $84 per share. AdvertisementAdvertisementABC and Disney's other linear networks, like FX and The Disney Channel, could be among the first to go.

Persons: Nelson Peltz, Bob Iger, —, Iger's, Peltz, Peltz's, he's, Peltz hasn't, Iger, Dan Ives, Apple hasn't, what's, Peter Csathy Organizations: Disney, ABC, ESPN, Service, Fund Management, Street Journal, CNBC, FX, Sun, Apple, Wedbush Securities

☆ The race is on for tech's 'golden goose' — the iPhone of the AI era
▼ + stars: | 2023-10-08 | by ( Aaron Mok | ) www.businessinsider.com time to read: +9 min

Some tech leaders see the gadgets as the iPhone of the AI era, a way to own the hardware we use to interact with AI. A true iPhone successor could be tech's "golden goose," but past attempts have failed. The race is on as generative AI tools like ChatGPT, OpenAI's conversational AI chatbot, take the world by storm. Even though he said AI hardware innovations represent "the golden goose for tech players in the next decade along with software," he doesn't think all of them will be successful. AdvertisementAdvertisementYet, despite AI's impressive capabilities, Haigh said that smartphones may still be easier to use for the average consumer than AI devices, which means that AI personal devices may take awhile to gain public interest.

Persons: —, Mark Zuckerberg, Meta's Ray, Zuckerberg, Victor Virgile, Imran Chaudhri, @ImranChaudhri, knEBVdC7zl, 3vvbPVAFsS, Chaudhri, Jony, Sam Altman, Masayoshi Son, Altman, Marc Benioff, Brad Stone, Jeff Bezos, Dan Ives, Nadella, Cook, Ives, Thomas Haigh, Haigh, Siri Organizations: Service, Tech, Meta, Facebook, Apple, TED, Wedbush Securities, Big Tech, University of Wisconsin, Modern Computing, Google Locations: Milwaukee

☆ GM is shaping up to be the hardest hit by the UAW strike
▼ + stars: | 2023-10-08 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com time to read: +6 min

GM has the most workers on strike of all the Detroit 3. AdvertisementAdvertisementThe ongoing United Auto Workers strike is taking a multi-million dollar toll on all three Detroit-based automakers, but General Motors might be hit the hardest so far. GM narrowly avoided a fourth strike Friday with an offer that delayed Fain's weekly update for members. This is also the second time in four years that GM has experienced a strike . AdvertisementAdvertisementAnd of the three automakers, GM also has the most striking workers and has temporarily laid off the most workers due to the strike.

Persons: —, Stellantis, Shawn Fain, Fain, Dan Ives, Mary Barra's, Tesla, Jim Cain, Cain, Ford, Ford's, Sam Fiorani, Fiorani, there's, It's, Cox, GM wasn't, Edmunds, Jessica Caldwell Organizations: GM, Detroit, Service, United Auto Workers, UAW, Ford, UAW nabbed, Detroit automakers, Wedbush Securities, Cox, AutoForecast Solutions, Jeep, Chrysler, Dodge, Buick, GMC, Chevrolet, Cadillac, Deutsche Bank Locations: Detroit, Arlington , Texas, Lincoln

☆ Rivian's problem has been the execution of its business model, says Wedbush's Dan Ives
▼ + stars: | 2023-10-06 | 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 EmailRivian's problem has been the execution of its business model, says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Wedbush's Dan Ives, Brian Sullivan, “ Organizations: CNBC

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