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☆ Europe is having its worst earnings season since the onset of Covid — with little hope of a quick turnaround
▼ + stars: | 2024-03-01 | by ( Silvia Amaro | ) www.cnbc.com time to read: +4 min

As of Feb. 29 with 313 companies having reported, 50.2% posted a beat, according to a CNBC analysis of FactSet data. This was the smallest percentage of beats — thus the worst earnings season — since the first quarter of 2020 when the pandemic first hit European firms. Share buyback bonanzaSharon Bell, a senior European strategist at Goldman Sachs, told CNBC that she had noticed a new trend for European corporates during this earnings season. "What you have seen is a lot of companies announcing buybacks," she told CNBC's "Squawk Box Europe" Tuesday. "It is absolutely huge, you've never really seen this before in 20, 30 years, European companies pay dividends, they don't do buybacks," she said.

Persons: —, Edward Stanford, Philippe Ferreira, Kepler Cheuvreux, Sharon Bell, Goldman Sachs, CNBC's, you've, Bell, Ferreira Organizations: CNBC, HSBC, L'Oreal, European Central Bank, Shell, Deutsche Bank, Novo Nordisk, UBS Locations: Triomphe, France, Europe, China, Ukraine, European

☆ Stocks making the biggest moves premarket: Dell, New York Community Bancorp, HP and more
▼ + stars: | 2024-03-01 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

New York Community Bancorp — Shares fell more than 20% after the regional bank disclosed on Thursday evening that it had found issues with its "internal controls." The company topped analysts' expectations for earnings per share by 3 cents, according to LSEG. But Hewlett Packard posted $6.76 billion in revenue, under the Wall Street forecast of $7.11 billion. Autodesk — Shares jumped 8% after the software company posted a beat in its latest quarterly results. Analysts polled by LSEG had anticipated per-share earnings of $1.95 on revenue of $1.43 billion.

Persons: NYCB, Hewlett Packard, LSEG, Root, Jeffries, Alex Harring, Samantha Subin, Jesse Pound, Tanaya Macheel, Sarah Min, Michelle Fox Organizations: York Community Bancorp, JPMorgan, Dell –, Hewlett Packard Enterprise, Daimler, Autodesk —, Autodesk

☆ Saint-Gobain CFO: Confident we'll do well in 2024 regardless of market headwinds
▼ + stars: | 2024-03-01 | 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 EmailSaint-Gobain CFO: Confident we'll do well in 2024 regardless of market headwindsSaint-Gobain CFO Sreedhar N weighs in on the firm's full-year earnings, as the firm announces a 420 million euro share buyback programme. He further outlines why he's confident Saint-Gobain will continue to perform and increase its valuation.

Persons: Sreedhar, Gobain

☆ Stocks making the biggest moves midday: Spirit AeroSystems, Zscaler, Dell, Advanced Micro Devices and more
▼ + stars: | 2024-03-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Hewlett Packard Enterprise -- The technology stock rose almost 2% after fiscal first quarter earnings of 3 cents per share topped analysts' expectations, according to LSEG. Daimler Truck -- Shares of the commercial vehicle manufacturer soared more than 18% after reporting a record-high, full-year profit, and authorized a 2 billion euro ($2.16 billion) share buyback. Dell Technologies - Shares soared more than 25% after the laptop maker posted fourth-quarter results that beat analysts' estimates amid strong demand for its artificial intelligence servers. Advanced Micro Devices , Marvell Technology , Micron Technology -- AMD added 4% in midday trading as investors continue to signal excitement over stocks tied to implementing artificial intelligence. Shares of Micron Technology and Marvell Technology soared more 5% and 7%, respectively.

Persons: AeroSystems, Hewlett Packard, Root, Billings, —, Alex Harring, Yun Li, Michelle Fox, Samantha Subin Organizations: Boeing, Hewlett Packard Enterprise, Daimler, . New York Community Bancorp, Jefferies, Dell Technologies, Dell, Devices, Marvell Technology, Micron Technology, Facebook, Nasdaq Locations: .

☆ Jim Cramer predicts 2024 will be a 'great one' for Salesforce stock. Here's why
▼ + stars: | 2024-02-29 | by ( Morgan Chittum | ) 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. However, Jim Cramer said the market's reaction was unwarranted, forecasting more upside for Salesforce stock to come. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, it's, Salesforce, management's, Jim, TJ Maxx, Jim Cramer's Organizations: CNBC, TJX Companies, Management

☆ Holcim CEO: Created two champions to have stronger individual strategic priorities
▼ + stars: | 2024-02-28 | 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 EmailHolcim CEO: Created two champions to have stronger individual strategic prioritiesJan Jenisch, CEO of Holcim, weighs in on his firm's full-year earnings, a 1 billion Swiss franc share buyback program, and how the spinoff of its North American business will aid strategic aims.

Persons: Jenisch

☆ This Big Tech stock has an 'absolutely compelling' valuation, top fund manager says
▼ + stars: | 2024-02-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

However, the company's revenues and profits have surged since then, and one outperforming fund manager sees the current valuation as a buying opportunity. Alibaba shares are traded in the U.S., Hong Kong and Germany. BABA 1Y line The slump in the company's share price came amid concerns of an economic slowdown in China and increased regulation of the internet sector by authorities in Beijing. Alibaba's cheap share buyback Lapping also pointed to the impact of Alibaba's share buyback program as distinct compared to many richly valued U.S. tech darlings. However, with its share price now 65% off its peak, Alibaba's compensation costs have dwindled dramatically.

Persons: Sean Peche, BABA, It's, Andrew Organizations: Ranmore Fund Management, Wall Street, Tech, Ranmore Global Equity Fund Locations: China, U.S, Hong Kong, Germany, Beijing

☆ Alphabet's Gemini AI misstep is the latest reason Cramer is getting fed up with the stock
▼ + stars: | 2024-02-28 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

Jim thinks Google has lost focus as it struggles to shake off the narrative that it's lagging in the AI race. With all these things lining up against Google, Jim has been becoming increasingly wary of the stock. Even though Alphabet stock keeps getting dinged for AI misses, Bernstein analysts "don't subscribe to the generative AI risk to Google Search" for now. At the Club, we believe Google's AI chatbot Gemini could be competitive in attracting users, but the advertising opportunity may not be the same. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Sundar Pichai, Pichai, Jim, Google, Bard, Gemini —, —, Axel Springer, they're, Bernstein, playbook, Meta, haven't, Jim Cramer's Organizations: Google, Apple, Microsoft, Nvidia, Tesla, The Club, Politico, U.S, Club, NFL, YouTube, National Football League, Management, Sunday, Meta, Walmart, CNBC, Future Publishing, Getty Locations: U.S

☆ Stocks making the biggest moves after hours: Salesforce, Snowflake, Okta, Duolingo and more
▼ + stars: | 2024-02-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

In the fourth quarter, the software company topped Wall Street's fourth-quarter expectations on the top and bottom lines. Snowflake — Snowflake shares plunged 20% after the business software company announced the retirement of its CEO Frank Slootman. The company topped earnings expectations by 12 cents and said it expects revenue for the current period to range between $603 million and $605 million. The company posted revenue of $13.19 billion, falling short of the $13.56 billion analysts polled by LSEG expected. Adjusted earnings per share came in at 5 cents and topped an LSEG estimate of 2 cents per share.

Persons: — Salesforce, Frank Slootman, Duolingo, Okta — Okta, LSEG Organizations: FactSet, Paramount Global, LSEG, Revenue, StreetAccount, HP Inc, AMC Entertainment

☆ Salesforce beats on earnings, declares dividend. Those selling the stock are missing the big picture
▼ + stars: | 2024-02-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Adjusted operating margin expanded to 31.4% in the quarter, missing estimates of 31.55%, according to FactSet. No, but it was an overall solid quarter for Salesforce, with the company beating on most key metrics. In its fiscal 2024, Salesforce repurchased $7.7 billion worth of stock, lowering its diluted share count by about 1 million to 983 million. For the first quarter, Salesforce guided for revenues between $9.12 and $9.17 billion, in line with estimates of $9.15 billion. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Salesforce, We're, it's, Wednesday's, Marc Benioff, we'd, Amy Weaver, Benioff, Einstein, Cash, Salesforce's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Revenue, LSEG, Club, CNBC Locations: Americas, Africa, Asia, Latin America, India, Canada, San Francisco , California

☆ Stocks making biggest premarket moves: BYND, BMBL, AAP, BIDU and more
▼ + stars: | 2024-02-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves in premarket trading: Beyond Meat — Shares soared 59% one day after the plant-based meat company topped fourth-quarter revenue estimates and said it would "steeply reduce" costs this year. EBay — The online marketplace advanced 5% one day it beat fourth-quarter earnings and revenue estimates . In addition, Ebay announced a dividend increase and authorized another $2 billion share buyback. Full-year revenue guidance of $505 million to $510 million was below the $520.9 million consensus estimate. Urban Outfitters — Shares tumbled nearly 10% one day after the clothing retailer's fourth quarter earnings and revenue missed estimates.

Persons: LSEG ., —, Bumble, FactSet ., EBITDA, FactSet's StreetAccount, LSEG, FactSet, TJ, TJX, Sarah Min, Lisa Han, Jesse Pound, Pia Singh, Samantha Subin Organizations: Revenue, Advance, AAP, FactSet, EBay, Ebay, Baidu, SEC, Materials, pharma, Wall, TJX, Marshalls Locations: China, FactSet

☆ 6 rules to follow to invest like Jim Cramer from when to buy and sell and when to be patient
▼ + stars: | 2024-02-27 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

On the other hand, if you find a great company with a broken stock, the price will eventually follow the strong fundamentals. We didn't see anything on the earnings release or hear anything on the conference call that led us to believe otherwise. Look no further than Danaher 's fourth-quarter earnings release and price reaction. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer, aren't, it's, Omaha Warren Buffett, Patience, Nelson Peltz, Jim, he's, isn't, Jim Cramer's Organizations: CNBC, Bulls, Microsoft, Nvidia, Palo Alto Networks, Palo Alto, Palo, Investors, GE Healthcare, Abbott Labs, Omaha, Disney, ESPN, Charitable Trust, Investing, Broadcom, VMware, Jim Cramer's Charitable Locations: New York City, GLP1, cybersecurity

☆ Stocks making the biggest moves after hours: Beyond Meat, Agilent, Axon Technologies and more
▼ + stars: | 2024-02-27 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Beyond Meat — Shares skyrocketed more than 78% after the plant-based meat company beat revenue estimates in the fourth quarter. Beyond Meat reported revenue of $73.7 million, while analysts polled by LSEG, formerly known as Refinitiv forecast $66.7 million. Agilent Technologies — Shares surged 5% after Agilent posted adjusted earnings and revenue that beat Wall Street's estimates in the fiscal first quarter. Axon Enterprise — The weapons and technology stock ticked up nearly 6% after Axon issued full-year revenue guidance that exceeded expectations at the high end. Axon forecasts revenue of $1.88 billion to $1.94 billion, while analysts polled by FactSet expected $1.88 billion.

Persons: Agilent, FactSet, Sam Adams, Boston Beer, LSEG Organizations: LSEG, eBay, Wall, Urban, Boston Beer Company, Boston Locations: FactSet

☆ Jim Cramer says Wall Street initially got Lowe's quarter and guide wrong. Here's why
▼ + stars: | 2024-02-27 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Cramer said Stanley Black & Decker , a holding the CNBC Investing Club portfolio, is a buy off these Lowe's numbers. Macy's : The department store chain reported better than expected quarter but offered conservative guidance that missed forecast. Competitor Applovin is kind of crushing Unity, Cramer said. Workday : The provider of enterprise cloud applications for finance and human resources reported a better-than-expected quarter but its guidance was softer. Cramer said Workday, ServiceNow and Club holding Salesforce are the "three best software-as-a-service companies in the world."

Persons: Jim Cramer's, Marvin Ellison, Jim Cramer, Cramer, Stanley Black, Decker, Jeff Gennette, Tony Spring, There's, Kelly Steckelberg Organizations: CNBC, Club, Costco, Unity Software, Unity

☆ Stocks making the biggest moves premarket: Domino's Pizza, Berkshire Hathaway, Moderna, Fluence Energy and more
▼ + stars: | 2024-02-26 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

HashiCorp — Shares of the software company popped 8% on the back of an upgrade by Morgan Stanley to overweight from equal weight. Berkshire Hathaway — Class B shares of Warren Buffett's conglomerate climbed nearly 3% on the back of a nearly 30% year-over-year surge in operating earnings for the fourth quarter. Monday.com — Shares ticked up 2% after Bank of America initiated the coverage of the cloud platform company with a buy rating. Fluence Energy — Shares added more than 5% after an upgrade to positive from Susquehanna Financial. Amer Sports — Shares popped 6% following a slew of positive initiations for the athletic company, which manufacturers the Wilson tennis racket.

Persons: HashiCorp, Morgan Stanley, Monday.com, Michael J, Funk, Biju Perincheril, Wilson, Amer Sports, Goldman Sachs, —, Jesse Pound, Michelle Fox, Lisa Kailai Han Organizations: Berkshire Hathaway —, Warren, JPMorgan, Bank of America, Fluence Energy, Susquehanna Financial, HSBC, Amer, Citi

☆ Alibaba should increase the pace of its share buyback program, Barclays analyst says
▼ + stars: | 2024-02-26 | 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 EmailAlibaba should increase the pace of its share buyback program, Barclays analyst saysJiong Shao, China tech analyst at Barclays, says Alibaba investors are "looking for more," and discusses two ideas he has for the company, one of which he says is "easier" and the other "very difficult."

Persons: Jiong Shao Organizations: Barclays Locations: China

☆ Uber joins the Dow Transports. Here's why it's a curious addition
▼ + stars: | 2024-02-26 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Uber is going into the Dow Transports on Monday, marking the first change to the index since Dec. 7, 2021, when Old Dominion replaced Kansas City Southern. Under Dow Theory, the Transports should confirm a new high in the Dow Industrials. Uber is a funny add because unlike many of the other index components, it's not really a shipping company. The add likely reflects the Dow Transports index committee's belief that this is a transportation company, even if it just shuttles people instead of packages. This follows a well-known pattern called the S & P inclusion effect.

Persons: Avis, Uber, Stocks, underperform Organizations: Dow Transports, Old Dominion, Kansas City Southern, Dow, Dow Jones Transport, Dow Theory, Transports, it's, Uber, Federal Reserve Bank of New, Union Pacific, CSX, Kirby Locations: Federal Reserve Bank of New York, Matson, Old Dominion

☆ After Walmart's stock split, Jim Cramer says this chipmaker should be next
▼ + stars: | 2024-02-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Walmart : The Arkansas-based retail giant's 3-for-1 stock split went into effect Monday, and Jim Cramer said he'd like to see other companies consider taking similar moves. "This is something that [CEO] Doug McMillon said that [founder] Sam Walton liked because people don't like partial stock. I think that companies like Broadcom should be listening to that, and they should be splitting," Cramer said. "They gave you a really long-term view, and it was very positive," Cramer said.

Persons: Jim Cramer's, Jim Cramer, Cramer, Doug McMillon, Sam Walton, Berkshire Hathaway, Warren Buffett's, there's, Buffett, it's, Boehringer Ingelheim, Eli Lilly, — Organizations: CNBC, Club, Walmart, Broadcom, Cramer's Charitable Trust, Berkshire, Zealand Pharma Locations: Arkansas, Cramer's, Arbor , Michigan, Danish

☆ The 'best' investment right now: Fund manager picks stocks with almost 15% total returns
▼ + stars: | 2024-02-26 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Shares of oil giants and European infrastructure companies can act as a hedge against inflation while also delivering strong annual growth, according to fund manager Freddie Lait. Lait manages two funds — the Latitude Horizon Fund and the Latitude Global Fund — with more than $750 million of assets collectively and holds all three stocks in both funds. BP SHEL 1Y line The fund manager explained that with oil currently around $85 per barrel, and his assumption of $70-75 long-term, his oil and gas stock picks can generate nearly double-digit annual returns for shareholders. 'Phenomenally interesting' stock Beyond energy names, Lait said his favorite inflation-linked stock is Vinci which he described as "phenomenally interesting." The company operates a mix of toll roads and civil engineering projects with long-term inflation adjustment mechanisms.

Persons: Freddie Lait, Lait, Vinci, Goldman Sachs Organizations: Latitude Investment Management, Shell, CNBC Pro, International Energy Agency, London Gatwick, Atlantic City International, Vinci Locations: Saudi Arabia's, Aramco, Burbank, United States

☆ Stocks making the biggest moves after hours: Workday, Zoom, CarGurus, Unity Software and more
▼ + stars: | 2024-02-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Workday — Shares tumbled 9% following the enterprise software company's fourth-quarter earnings report. Workday also reiterated its subscription revenue guidance for the 2025 fiscal year. Zoom Video — The video-conferencing stock surged 11% on the back of a better-than-expected fourth quarter earnings report. Unity said to expect between $45 million $50 million, well under the $113 million consensus estimate of analysts polled by FactSet. Staar posted 16 cents in earnings per share, missing analysts' estimate of 17 cents per share, according to FactSet.

Persons: CarGurus, LSEG, amortization, Unity, Staar Organizations: LSEG, Unity Software, FactSet

☆ 'I hate losing money' — Jim Cramer says he will vote to put Nelson Peltz on Disney's board
▼ + stars: | 2024-02-25 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

As a Disney shareholder for the Club, Jim Cramer has decided to support activist investor Nelson Peltz's fight for seats on the board of the entertainment and theme parks giant. It means he's going to vote to put the Trian Partners founder Peltz and former Disney CFO Jay Rasulo on the Disney board. Jim believes Peltz and Rasulo will hold Disney's board and management accountable for making changes to fix the business and turn around the company's underperforming stock. "It is ridiculous to me that Netflix has crushed Disney," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Nelson Peltz's, Jim, Peltz, Jay Rasulo, Ike Perlmutter, Perlmutter, Mondelez, Kraft Heinz, Bob Iger, Iger, Nelson Peltz, Hugh Johnston, Jim —, Jim Cramer's Organizations: Club, Trian Partners, Disney, Marvel Entertainment, Marvel, Netflix, Procter & Gamble, CNBC Locations: New York City, PepisCo

☆ Standard Chartered CEO reports 'very good growth' in China despite slowing growth
▼ + stars: | 2024-02-23 | 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 EmailStandard Chartered CEO reports 'very good growth' in China despite slowing growthBill Winters, CEO of Standard Chartered, discusses the bank's earnings, its share buyback plans, the outlook for China and the possibility of a Donald Trump second term.

Persons: Bill Winters, Donald Trump Organizations: Standard Chartered Locations: China

☆ StanChart announces $1 billion share buyback, dividend hike as 2023 profit rises 18%
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: +1 min

Standard Chartered on Friday reported 2023 pre-tax profit rose 18%, in line with forecasts, and rewarded shareholders with a $1 billion share buyback and a jump in dividend. StanChart , which earns most of its revenue in Asia, said statutory pretax profit for 2023 reached $5.09 billion, in line with $5.1 billion from 15 analyst estimates compiled by the bank. A fresh $150 million writedown of its stake in Bohai Bank, following a $700 million hit earlier this year, reduced its value to $700 million from $1.5 billion at the start of the year. StanChart said banking industry challenges and the uncertainty swirling around the property market were to blame for the decline in the stake's current value. The London-headquartered lender also announced a final dividend of $560 million or 21 cents per share, resulting in a 50% increase of full year dividend payout to 27 cents, greater than a consensus view of 23.7 cents.

Persons: StanChart Organizations: Bohai Bank Locations: Asia, Bohai, China, Bohai Bank, London

☆ These stocks are well positioned for when the Federal Reserve starts cutting rates, Barclays says
▼ + stars: | 2024-02-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

This would likely push the Federal funds target range to between 4.5% to 4.75% by the end of this year, he said. Take a look at the stocks Barclays thinks are best-positioned for lower rates later this year. Darden Restaurants is one of the consumer names Barclays believes can outperform when the Fed loosens rates. Clothing retailer Gap is another stock Barclays believes will be a rate-cut cycle winner. GPS YTD mountain The Gap shares in 2024 Agribusiness company Bunge also made the cut.

Persons: Terrence Malone, Malone, Jeff Bernstein, Bernstein, Jason Goldberg, Goldberg, Adrienne Yih, Bunge, Ben Theurer, —, Michael Bloom Organizations: Barclays, Darden, Olive Garden, LongHorn, Fifth, Bancorp, Old Navy, Banana, Analysts, Bunge Locations: Olive, Banana Republic

☆ StanChart lowers income target as China weighs, launches $1 billion buyback
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: +2 min

Standard Chartered on Friday rewarded shareholders with dividends and a fresh $1 billion buyback as profit rose 18%, but set out modest growth forecasts that will concern investors amid worries about global banks' exposure to China. The bank reported 2023 statutory pre-tax profit rose to $5.09 billion, in line with forecasts, and announced a jump in dividends alongside the buyback. The lender booked 13% income growth in 2023 in constant currency terms. A fresh $150 million writedown of its stake in Bohai Bank, following a $700 million hit earlier this year, reduced its value to $700 million from $1.5 billion at the start of the year. That brought total provisions for its China real estate exposure to $1.2 billion in the last 3 years.

Persons: StanChart Organizations: Bohai Bank, HSBC, Wednesday, British Locations: China, Asia, Bohai, Bohai Bank

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