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Avis — The car rental company gained 3.5% after beating both top- and bottom-line estimates from analysts polled by Refinitiv. Avis posted adjusted earnings per share of $10.46 on revenue of $2.77 billion, compared to analysts' estimates of $6.79 in per-share earnings on revenues of $2.69 billion. Amkor Technology — Shares of the semiconductor stock slid 5% after missing per-share earnings estimates while beating expectations for revenue, according to FactSet. Cadence Design — The software company gained 4% after beating both top- and bottom-line expectations of analysts polled by FactSet in the fourth quarter. SolarEdge — Shares of the solar stock gained less than 1% after beating earnings and per-share revenue estimates from analysts polled by FactSet.
10 stocks that fit Warren Buffett's takeover criteria
  + stars: | 2023-02-12 | by ( Yun Li | ) www.cnbc.com   time to read: +3 min
Warren Buffett is fresh off an active year full of deal-making and stock purchases. Berkshire agreed to buy insurance company Alleghany for $11.6 billion, Buffett's biggest deal since 2016. Buffett favors companies with historically low stock prices when compared with earnings, and rock solid cash flows. Until 2017, Buffett had always revealed his acquisition criteria every year in his annual letters to Berkshire shareholders. Monster Beverage checks all the boxes in Buffett's acquisition criteria.
Those heralding a new bull market underway in stocks have some historically undefeated statistical signals propelling their call. Sure, the S & P 500 's 50-day moving average crossed above its 200-day, a positive though not flawless input. After each of the five prior times, the S & P was up three, six, 12 and 24 months later. Here he shows the difference in S & P 500 performance after the S & P 500 pushes above its 200-day average based on whether the Fed is easing policy or not. Valuations and higher bond yields keep Citi from believing there is much upside to the S & P 500 from here, but this could mean fundamental support is no longer eroding quickly.
With a majority of S & P 500 companies having posted their quarterly results, investors' focus will turn toward inflation and the consumer price index reading in the upcoming week. The three major indexes are on pace to end the week down, with the S & P 500 poised to post its worst performance since December. Sharp declines for Alphabet , which is off by more than 9% this week, dragged the tech-heavy index. January's consumer price index With the latest Powell speech in the books, investors are now looking ahead to the consumer price index for insight into the pace of inflation. "Retail sales and CPI is really driven by the consumer, and a lot of eyes are on how the consumer doing," Bruno said.
These 74 stocks are picked by AI ETF managers. What she believes is unique about her fund is its heavy focus on quantum computing technology, making up 41.22% of the fund. While big data is used for different technologies, it enables AI to work with massive data sets in its machine-learning process. TipRanks, a financial technology website that uses AI to analyze financial data, created a stock list for what they deem are the best AI stocks based on popularity. TipRanks' list of nine of the best AI stocks have large market caps and are likely to remain relevant for a long time.
Chipotle misses quarterly sales estimates as traffic stalls
  + stars: | 2023-02-07 | by ( ) www.reuters.com   time to read: +2 min
Feb 7 (Reuters) - Chipotle Mexican Grill Inc (CMG.N) missed quarterly comparable sales expectations on Tuesday, in a sign that price hikes are taking a toll on demand for the restaurant's burritos and rice bowls. Visits to Chipotle restaurants fell 10.2% in the fourth quarter, according to data from Placer.ai. Comparable sales at the California-based chain rose 5.6% in the fourth quarter ended Dec. 31, while analysts on average expected a 7.1% rise, according to Refinitiv IBES. Revenue rose to $2.18 billion from $1.96 billion in the quarter, missing estimates of $2.23 billion. Some investors are worried about the cadence of falling traffic in 2022, analysts at Cowen said in a research note.
Millennial bosses might be daunted by their new reports, but there's a lot they can learn from Gen Z. That may be why some millennial managers think of Gen Z as, erm, high maintenance. Insider spoke with management experts, career coaches, and members of Gen Z itself to reframe the narrative around how Gen Z is changing the workplace. Gen Z has no job loyaltyThe rap on Gen Z is that they're all a bunch of job-hoppers with no loyalty. Both millennials and Gen Z have done "a lot more" to destigmatize mental health challenges and normalize counseling and therapy.
Its stock was hit harder than peers Apple and Alphabet , which also reported on Thursday evening. Shares of Apple were trading up about 4% on Friday morning while Alphabet was down about 1%. Amazon said it expects revenue of between $121 billion and $126 billion in the current quarter. Similarly, despite Alphabet's misses, analysts are bullish on its prospects for artificial intelligence and highlighted its strong core business. WATCH: Arete Research's Richard Kramer on the outlook for Apple, Amazon and Alphabet
Every penny gained in other tech stocks on the back of Meta Platforms ' (META) earnings surge this week needs to be given up. High growth, growth, no growth, declining growth ... which box are we in for each portfolio stock? Quarterly revenue beat. I say sell, sell, sell Nordstrom. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Here are JPMorgan's top stock picks heading into February
  + stars: | 2023-02-01 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +2 min
JPMorgan added fresh names to its top stock picks for February, including a medical tech company that's rallied sharply to begin the year. For February, JPMorgan added five new names to its Focus List: Cenovus Energy , CMS Energy , Rogers Communications , Stryker and Treace Medical Concepts . The medical tech stock is up 12% year to date. JPMorgan said new additions CMS Energy and Cenovus Energy are uniquely positioned within the industry, according to the note. Amazon's stock fell more than 30% during the past 12 months, but it has rallied to start the year, up more than 24% in 2023.
Biotech-startup CEOs are taking more nuanced approaches to going public amid a downturn. SAN FRANCISCO — After record years of initial public offerings in 2020 and 2021, biotech leaders told Insider that the "recipe" for going public no longer works. Most biotechs saw their valuations increase by between 20% and 50% after going public. Insider asked five startup CEOs about how they approach going public and their perspectives on the biotech-IPO market for 2023. But going public doesn't carry an importance of validation for herself or the field of biotech companies specializing in AI, she said.
So far, earnings season has been mixed — we've seen some strong results from Club holdings Morgan Stanley (MS) and Halliburton (HAL). Projected revenue: $4.58 billion Projected EPS: $1.30 Conference call at 9:30 a.m. Projected revenue: $7.33 billion Projected EPS: $1.81 Conference call at 10 a.m. Projected revenue: $9.26 billion Projected EPS: $2.51 Conference call at 8:30 a.m. Projected revenue: $121.19 billion Projected EPS: $1.94 Conference call at 5 p.m.
This nascent bull market started with the peak in interest rates and the dollar back in the fall and then broadened to include bank and semiconductor stocks in 2023. That's right we created FANG a decade ago this week on "Mad Money," and it was a really good call — until it wasn't. The stability of a market that's based, in part, on the assumption of a JPMorgan (JPM) or an American Express or even a Boeing rallying on earnings, seems tidal to me. That's what's happening as we consider the market to be far bigger than any group of a half-dozen stocks. Yes, I am shredding the cynicism and heralding the new bull market, one that's not ignorant of what ails things, but is benignly rotational.
Biotech-startup CEOs are taking more nuanced approaches to going public amid a downturn. SAN FRANCISCO — After record years of initial public offerings in 2020 and 2021, biotech leaders told Insider that the "recipe" for going public no longer works. Most biotechs saw their valuations increase by between 20% and 50% after going public. Insider asked five startup CEOs about how they approach going public and their perspectives on the biotech-IPO market for 2023. But going public doesn't carry an importance of validation for herself or the field of biotech companies specializing in AI, she said.
Analyst Colin Bristow downgraded shares to neutral from buy, and lowered his price target, citing weaker Covid expectations and a sluggish pipeline for new products. Pfizer shares are down more than 12% this year on expectations that the number and severity of Covid cases will stabilize. At the same time, UBS did not make any "meaningful changes" to its pipeline estimates for Pfizer following the firm's R & D day. The new target is just about in line with where Pfizer shares closed Wednesday at $44.66. "While we see minimal downside from here, the lack of catalysts (see inside) and potential for further downside to COVID estimates drives our move to the sidelines," Bristow wrote.
Six stocks Goldman Sachs likes ahead of earnings
  + stars: | 2023-01-21 | by ( Alex Harring | ) www.cnbc.com   time to read: +7 min
Goldman Sachs' analysts have stocks they are confident about going into a new earnings season. The stocks we found are Amazon , ServiceNow , Colgate-Palmolive , Boeing , Microsoft and Cleveland-Cliffs . Colgate-Palmolive Analyst Jason English raised estimates ahead of Colgate-Palmolive's Jan. 27 earnings as headwinds from foreign exchange turn in to tailwinds. While English said the uncertain global environment could hurt Colgate's business, he still expects the toothpaste and soap maker to meet Goldman's 9% per-share earnings growth forecast for the year. Specifically, we are now forecasting AWS growth to decelerate to +21% YoY (vs. +27.5% YoY in Q3'22) with more subdued growth expectations in 2023.
Netflix 's strong fourth-quarter subscriber growth and solid content slate may signal the start of better times for the streaming stock, but it may be too early to buy up shares, according to some Wall Street analysts. Netflix reported 7.66 million adds, compared to 4.57 million subscribers expected by StreetAccount estimates. Analysts view the company's new advertising tier and its content slate as key to Netflix's financial performance in the months ahead. Since reporting second-quarter earnings results, Netflix shares have risen more than 46%. On the leadership front, Supino and analysts view the CEO transition as a positive for the company.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3Fourteen Research's Warren Pies expects a recession in the second half of the yearWarren Pies, 3Fourteen Research co-founder, joins 'Power Lunch' to discuss the relationship between two-year Treasury yields and the Fed funds rate, reaching the Fed's monetary policy target and the historical cadence of a Fed cycle.
Davos, Switzerland CNN —Jeff Maggioncalda, the CEO of online learning provider Coursera, said that when he first tried ChatGPT, he was “dumbstruck.” Now, it’s part of his daily routine. He uses the powerful new AI chatbot tool to bang out emails. Maggioncalda is one of thousands of business leaders, politicians and academics gathered in Davos, Switzerland this week for the World Economic Forum. He’s also used the platform to write emails and claims no one has noticed the difference. He even had it perform some accounting work, a service for which Tradeshift currently employs an expensive professional services firm.
The 12% rally was sparked by the December bookings report from the online games platform. Bookings, the company's way of keeping tabs on its Robux currency, rose by up to 20% last month. More time spent on the platform and bookings growth may bode well for the company's fourth-quarter earnings report due on February 13. Roblox on Tuesday estimated December revenue between $189 million and $199 million, a decline of between 1% to 6% year-over-year. The company also said it will stop publishing monthly metrics, with the last report due in April for March's performance.
Startup investors are doing it, too. Venture capital investors are pumping the brakes on aggressive funding of startups, spooked by an uncertain economic picture, plunging tech industry stock prices and growing recession fears. Another prominent factor behind the steep drop: stock market turmoil causing tech startup valuations to plummet, freezing the market for IPOs and resulting in widespread tech layoffs, Crunchbase suggested in a blog post. Many investors expected inflation to be under control sooner, along with a slight rise in interest rates, Grabow notes. As a result, VCs have pulled back significantly on the aggressive funding trends of 2021, Grabow says.
New York CNN —Bed Bath & Beyond coupon shoppers take note: If you have a stash of its big blue 20% off coupons in your drawer or in your inbox, better use them soon. “If Bed Bath & Beyond files for bankruptcy, the retailer might honor the 20% coupons for a 30-day period. Big Blue became a company iconBed Bath & Beyond introduced its oversized coupon for 20% off a single item three decades ago. Rumors swirled on various social platforms that Big Blue coupons never expire, even though the weekly coupon does feature an expiration date. With stores closed for months, and consumers rethinking their non-essential purchases, Bed Bath & Beyond sales and profit took a hit.
2022 was her first full calendar year working as a full-time influencer. She broke down for Insider how much she earned in brand deals each month. Now, Agutu is wrapping up her first year as a full-time influencer with about about 488,000 Instagram followers, and 730,000 total followers across Instagram, TikTok, and YouTube. Repped by Digital Brand Architects, a talent agency under the UTA umbrella, Agutu is closing 2022 with more than $1 million in revenue from brand deals on social media. Here's a full breakdown for Agutu's earnings from brand deals in 2022:Month (2022) Earnings from Brand Deals January $84,000.00 February $110,500.00 March $30,500.00 April $81,000.00 May $212,848.53 June $127,250.00 July $36,000.00 August $58,500.00 September $76,073.00 October $8,000.00 November $65,000.00 December $77,500.00Agutu is still waiting on about $76,000 from brand deals to be paid out, according to DBA.
On top of that, the Justice Department is reportedly investigating the 2010 merger of industry leaders Ticketmaster and Live Nation. Live Nation Entertainment said in a statement that it owns and operates just over 100 of the nearly 4,000 total live music venues in the United States. "Put simply, artists, venues, and consumers should no longer be at the mercy of a single seller," Sens. At the same time, Live Nation Entertainment is seeing a record year due to more shows than ever. "We always welcome the opportunity to discuss important issues facing the live entertainment industry," Live Nation said in a statement.
Dovly Uplift provides credit monitoring and monthly TransUnion credit reports and credit scores. Visa offers free credit repair for cardholders through Dovly UpliftOn Tuesday, smart credit repair company Dovly announced an agreement with Visa. The agreement will provide Visa cardholders with Uplift, a smart credit repair service created by Dovly for Visa cardholders, free of charge. In broad strokes, credit monitoring describes the process of checking your credit reports consistently to see if there are any errors or inaccuracies on your credit reports. While consumers can currently see their credit reports every week through the end of 2023, when that period ends, the Fair Credit Reporting Act only affords consumers three credit reports each year.
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