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The stock market this year has been led by just a handful of the biggest and best tech companies. Just look at the S & P 500 market-cap weighted index, which is viewed as a barometer of the overall stock market. Compare that to the much smaller 3% year-to-date increase in the S & P 500 equal-weight index, which treats each company's stocks the same regardless of market value. It's hard to turn off the monitors and wait for your seven stocks to come back after a terrible year. On top of all that, how many experts really knew heading into 2023 that these were the seven names to back the truck up for?
Persons: Jim Cramer, Eli Lilly, Stanley Black, Decker, That's, Morgan Stanley, Will Disney, Bob Iger, Jim Cramer's, Jim, Brendan Mcdermid Organizations: Apple, Microsoft, Nvidia, Honeywell, Linde, LIN, Palo Alto Networks, Oracle, GE Healthcare, Broadcom, Caterpillar, Constellation Brands, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange Locations: China, Ukraine, Palo, Eaton, New York City, U.S
[1/3] A redacted online resume of a North Korean IT worker is shown in this screenshot of a report obtained by Reuters on November 20, 2023. The documents contain dozens of fraudulent resumes, online profiles, interview notes, and forged identities that North Korean workers used to apply for jobs in software development. Some of the scripts, designed to prepare the workers for interview questions, contain excuses for the need to work remotely. North Korean developers working at U.S. companies had hidden behind pseudonymous email and social media accounts and generated millions of dollars a year on behalf of sanctioned North Korean entities through the scheme, the DOJ said. The researchers, part of Palo Alto's Unit 42 cyber research division, made the discovery when examining a campaign by North Korean hackers that targeted software developers.
Persons: Richard, Covid, Richard Lee, , James Pearson, Ted Hesson, Daphne Psaledakis, Chris Sanders, Anna Driver Organizations: North, Reuters, Palo Alto Networks, REUTERS Acquire, Palo Alto, United Nations, United, United Arab Emirates, U.S . Justice Department, DOJ, Federal Bureau of Investigation, FBI, North Korean, U.S, of Liberty, Palo Alto's, Constella Intelligence, U.S . Department of Homeland Security, Thomson Locations: North Korean, Korean, North Korea, United States, South Korea, U.S, Chile, New Zealand, Uzbekistan, United Arab, Singapore, Los Angeles, LA, China, Russia, Africa, Southeast Asia, Pyongyang, Palo, Britain, Japan, Spain, Australia, Washington
Japan's Prime Minister Fumio Kishida and South Korea's President Yoon Suk Yeol along with moderator and former U.S. Secretary of State Condoleezza Rice attend a summit discussion, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, at the Stanford, California, U.S., November 17, 2023. REUTERS/Brittany... Acquire Licensing Rights Read morePALO ALTO, California, Nov 17 (Reuters) - South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida pledged cooperation on clean-energy supply chains, quantum computing and other innovative technology during a Silicon Valley roundtable on Friday. Yoon and Kim met one on one and together with Biden on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, which ended on Friday. In addition to military and economic cooperation, Yoon and Kishida on Friday signaled work on science and technology would be a central to their relationship-building. "But for President Yoon and myself, this is the Big Game," Kishida said.
Persons: Fumio Kishida, Yoon Suk, State Condoleezza Rice, PALO, Yoon Suk Yeol, Yoon, David, Joe Biden, Kim, Biden, Kishida, lecterns, Ann Saphir, William Mallard Organizations: Japan's, U.S, State, Economic Cooperation, Stanford, REUTERS, San Francisco Bay Area, University of California, Thomson Locations: Asia, California, U.S, Brittany, PALO ALTO , California, San Francisco, China, North Korea, Washington, Korean, South Korea, San Francisco Bay, Berkeley
After making three trades this week, we're heading into a shortened trading week. NVDA YTD mountain Nvidia YTD Shares of Nvidia closed Nov. 14 at a record high of $496.56 each. Here's the full rundown of all the important domestic data in the week ahead, which also features a slew of earnings from brand-name retailers. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: FactSet, It's, Jim Cramer, NIU, Jack, JACK, Jim Cramer's, Jim, New York Stock Exchange Michael Nagle Organizations: Fed, TJX, Palo Alto Networks, PMI, ISM, Institute for Supply Management, Nvidia, Apple, Technologies, Video Communications, Agilent Technologies, Baidu, Abercrombie, Fitch, Burlington Stores, Eagle Outfitters, Dick's Sporting, Autodesk, HP, Nordstrom, Urban Outfitters, Deere & Company, CNBC, New York Stock Exchange, Bloomberg, Getty Locations: U.S, China
By Ann SaphirPALO ALTO, California (Reuters) - South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida pledged cooperation on clean-energy supply chains, quantum computing and other innovative technology during a Silicon Valley roundtable on Friday. The two have meet several times since a Camp David summit with U.S. President Joe Biden in August. Yoon and Kim met one on one and together with Biden on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, which ended on Friday. In addition to military and economic cooperation, Yoon and Kishida on Friday signaled work on science and technology would be a central to their relationship-building. "But for President Yoon and myself, this is the Big Game," Kishida said.
Persons: Ann, PALO, Yoon Suk Yeol, Fumio Kishida, Yoon, David, Joe Biden, Kim, Biden, Kishida, lecterns, Ann Saphir, William Mallard Organizations: Economic Cooperation, Stanford, San Francisco Bay Area, University of California Locations: PALO ALTO , California, Asia, San Francisco, China, North Korea, Washington, Korean, South Korea, San Francisco Bay, Berkeley
Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, yesterday's, Jim Cramer's, Jim Organizations: CNBC, Federal Reserve, Microsoft, Palo Alto Networks, Jim Cramer's Charitable
Bank of America reiterates Roblox as buy Bank of America said the stock is becoming "more investable." Deutsche Bank initiates Wayfair as buy Deutsche said in its initiation of the stock that it's a "pure-play e-commerce leader." Deutsche Bank initiates DoorDash as buy Deutsche said in its initiation of the company that it has "superior unit economics." Bank of America initiates Gen Digital as buy Bank of America said it likes the cyber safety vendor. Goldman Sachs reiterates Amazon as buy Goldman said it sees an "underappreciated secular growth opportunity" for Amazon shares into next year. "
Persons: it's, Goldman Sachs, Goldman, 1QFY, Roblox, Price, Stifel, Baird, Catalent, 1HCY24, Piper Sandler, Piper, Philip Morris, Guggenheim, Wells, TD Cowen downgrades Organizations: UBS, Nvidia, Qs, Networks, Palo Alto Networks, 1QFY billings, billings, Bank of America, Products, Deutsche Bank, Deutsche, HSBC downgrades Altice, HSBC, Goodyear Tire, Goodyear, " Bank of America, ITT, of America, Aerospace & Defense, Digital, JPMorgan, Entertainment, Mizuho, Intel, AMD, Amazon, Citi, EV, TD Cowen downgrades Target Locations: HSBC downgrades Altice USA, China
Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Jim Cramer said he's wary about the high concentration of some stocks in the portfolio like GOOGL. 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.
Persons: Jim Cramer, Stocks, Palo Alto, we're, Jim, Jim Cramer's Organizations: CNBC, Walmart, Cisco, Palo, Club, Costco, Nvidia, Jim Cramer's Charitable Locations: overbought
Cisco Systems — Shares dropped 11.3% after the company's earnings guidance for the current quarter came out below analyst estimates, driven by a slowdown in new product orders. Children's Place — Shares of Children's Place plunged 25.8% after retailer quarterly adjusted earnings of $3.22, trailing the FactSet consensus estimate of $3.49. Walmart — Shares dropped more than 7% after the big box retailer gave disappointing guidance . Walmart said it expects adjusted earnings per share of $6.40 to $6.48 for the year, slightly lower than analysts were anticipating. Advance Auto Parts — The auto parts retailer tumbled 4% after Bank of America downgraded the stock to underperform from neutral.
Persons: Patrick Spence, Macy's, Alibaba, Williams, Children's, Piper Sandler, John David Rainey, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Pia Singh Organizations: General Motors — General Motors, United Auto Workers, Sonoma, Cisco Systems —, Cisco, Alto Networks, Palo Alto Networks, billings, Walmart, CNBC, Bank of America, Citi Locations: U.S, Sonoma
"That's the sorrow of Walmart or Chevron or Palo Alto Networks and so many other companies that are victims of their own success." Additionally, Cramer said Walmart is grappling with more cautious consumers, who've seen their budgets squeezed by inflation for well over a year. Meanwhile, shares of Palo Alto Networks slid 5.4% Thursday as its earnings report from the prior evening disappointed investors. Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, owns Palo Alto shares. While Chevron and its energy peers benefited from higher oil prices last year, Cramer said the falling oil prices are a direct consequence of a slowing economy.
Persons: CNBC's Jim Cramer, Cramer, who've Organizations: Federal, Walmart, Palo Alto Networks, Chevron, Palo Alto, Palo, Charitable Trust, CNBC, Club Locations: U.S, Palo
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 26, 2023. Shares of Cisco Systems (CSCO.O) shed 11.5% as the communications and networking firm cut its full-year revenue and profit forecasts on slowing demand for its networking equipment. However, regional (Fed) authorities have very diverse opinions and (it) confuses investors," said Peter Andersen, founder of Andersen Capital Management in Boston. However, Andersen said he is still optimistic about the possibility of a soft landing for the economy and a year-end rally. Declining issues outnumbered advancers for a 1.02-to-1 ratio on the NYSE and for a 1.45-to-1 ratio on the Nasdaq.
Persons: Brendan McDermid, Peter Andersen, Andersen, Michael Barr, Li Auto, Joe Biden, Xi Jinping, advancers, Shristi Achar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Cisco, Dow, Nasdaq, Walmart, Cisco Systems, Target, U.S . Federal, Andersen Capital Management, Treasury, Labor, Dow Jones, Palo Alto Networks, Baidu, U.S, NYSE, Thomson Locations: New York City, U.S, Boston, billings, Bengaluru
Cisco's shares dropped more than 11% early Thursday after the network-equipment giant slashed revenue forecasts , wiping away more than $20 billion of the Dow Component's market value. Walmart , Burberry, Alibaba and Palo Alto Networks shares also took hits following the companies' latest updates to investors. The tech-oriented Nasdaq Composite and Dow industrials fell more than 0.2%. The U.S. 10-year yield fell below 4.5%. Oil prices weakened.
Persons: Dow industrials, Bonds Organizations: Dow, Walmart, Burberry, Alibaba, Palo Alto Networks, Siemens, Federal, Benchmark Locations: Palo, U.S
Both numbers topped estimates, and still the stock fell after hours, trading below $240 a share as of this writing. At nearly 9 times revenues and 45 times forward earnings estimates, PANW is not a cheap stock, moreover it is still up sharply on the year, and outperforming considerably. Stock replacement strategy One possibility is a stock replacement, selling one's stock holding and replacing that exposure with options. By using a call spread one can maintain some exposure to the upside in the event the stock bounces back. PANW YTD mountain Palo Alto Networks (PANW) CSCO on the other hand, by some measures at least, is a cheap stock, at just 13 times earnings.
Persons: PANW, we've, CSCO, Chuck Robbins, Scott Herren, ANET Organizations: Palo Alto Networks, Cisco, Verizon, Mobile, Comcast, Arista Networks, Broadcom, Flex, Nvidia, CNBC Locations: Palo
Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. "If I didn't have TJX, this is not a bad place to start a position," Jim Cramer said Thursday. 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.
Persons: Jim Cramer, Wells Fargo, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Walmart, Cisco Systems, CSC, Club, Palo Alto Networks, Treasury, West Texas, TJX Companies
Check out the companies making headlines in premarket trading. Cisco Systems — Shares tumbled nearly 11% during premarket trading on the back of the company's earnings guidance for the current quarter, which fell below analyst estimates. Palo Alto Networks — Shares slid more than 6% after Palo Alto Networks issued a weaker-than-expected billings forecast for the current quarter and full year. Tencent Music Entertainment — Shares climbed slipped 1.4% in premarket trading following quarterly earnings that missed the mark. StoneCo — The fintech company added 1.2% during premarket trading after Bank of America upgraded shares to buy from neutral.
Persons: StoneCo, Mario Pierry, — CNBC's Michelle Fox, Brian Evans, Sarah Min Organizations: Walmart, LSEG, Revenue, Cisco Systems, Cisco, Palo Alto, Palo Alto Networks, billings, Citi, Tencent, JPMorgan, Goodyear Tire, Deutsche, Goodyear, Bank of America
In a Wednesday interview with CNBC's Jim Cramer, Palo Alto Networks CEO Nikesh Arora said demand remains high even though the company issued a weaker billings forecast than expected. The cybersecurity company reported its first-quarter earnings after Wednesday's close, topping Wall Street's revenue targets. However, weak billings guidance caused the stock to slide nearly 6% in after-hours trading. He also suggested billings guidance may not be the most important metric for Wall Street to consider. "Billings is an indicator of revenue in the future, and the better indicator of revenue in the future is RPO, remaining performance obligations, which we grew at 26%."
Persons: CNBC's Jim Cramer, Nikesh Arora, Wednesday's, billings, Arora Organizations: Palo Alto, billings
Nov 15 (Reuters) - Palo Alto Networks (PANW.O) on Wednesday forecast second-quarter billings below market expectations and said its billings were "impacted by the cost of money", sending the cybersecurity company's shares down about 6% after the bell. Santa Clara, California-based Palo Alto forecast second-quarter billings in the range of $2.34 billion to $2.39 billion, compared with analysts' expectations of $2.42 billion, according to LSEG data. The company expects its annual billings to be between $10.7 billion and $10.8 billion, compared with its prior forecast range of $10.9 billion to $11 billion. Palo Alto posted a 20% rise in its first-quarter revenue to $1.88 billion, higher than average analysts' estimate of $1.84 billion. Palo Alto earlier this month announced its intention to buy Israeli startup Talon Cyber Security as it looks to beef up its cyber security offerings to enterprises.
Persons: Fortinet, Zaheer Kachwala, Shilpi Majumdar Organizations: Palo Alto Networks, Palo, Palo Alto, Thomson Locations: billings, Santa Clara , California, Bengaluru
S&P 500 futures were little changed Wednesday night as investors looked to extend November's hot streak. The S&P 500 and Nasdaq Composite climbed about 0.2% and 0.1%, respectively. Tuesday's session brought the biggest gains for the S&P 500 and Nasdaq since April. With November about halfway through, the S&P 500 is up more than 7% for the month, while the Dow has advanced nearly 6%. That's because the recent inflation data can imply the Federal Reserve is done raising interest rates.
Persons: Dow, Barbara Doran, Doran, Loretta Mester, John Williams Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Cisco Systems, Palo Alto Networks, Reserve, Dow, BD8 Capital Partners, Cleveland, New York, Walmart Locations: billings, Macy's
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalo Alto Networks CEO Nikesh Arora talks Q1 results with Jim CramerPalo Alto Networks Chairman and CEO Nikesh Arora joins 'Mad Money' host Jim Cramer to talk quarterly results, the stock dropping in extended trading and more.
Persons: Nikesh Arora, Jim Cramer Palo, Jim Cramer Organizations: Alto, Jim Cramer Palo Alto Networks
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is getting marginally spooked by our billings guidance, says Palo Alto Networks CEOPalo Alto Networks Chairman and CEO Nikesh Arora joins 'Mad Money' host Jim Cramer to talk quarterly results, the stock dropping in extended trading and more.
Persons: billings, Nikesh Arora, Jim Cramer Organizations: Alto, Palo Alto Networks
Bottom line What should we make of this Palo Alto Networks quarter? Palo Alto has two types of customers: ones that pay annually and others that pay upfront over three years. At the close of regular trading Wednesday, Palo Alto shares were up nearly 84% this year. Total revenue of $1.96 billion to $1.97 billion, with the midpoint of $1.97 billion in line with estimates. Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.
Persons: cybersecurity, we're, billings, Billings, there's, Nikesh Arora, haven't, We've, Arora, Jim Cramer, Jim Cramer's, Jim, Arora Nikesh, Adam Galica Organizations: Palo Alto Networks, Management, LSEG, billings, Alto, Billings, Palo Alto, Palo, Networks, CNBC Locations: billings, Palo, Alto, Palo Alto, Davos, Switzerland
Morning Bid: Inflation on the ropes, shutdown averted
  + stars: | 2023-11-15 | by ( ) www.reuters.com   time to read: +5 min
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. Much like then, the sheer scale of the yield swoon has stoked bond volatility gauges (.MOVE) too. What's more, a quarter point rate cut by May is now 80% priced and 100bps of easing through 2024 is now baked in. U.S. corporate news stays on retail later as Target reports earnings, following a beat by Home Depot on Tuesday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Brendan McDermid, Mike Dolan, Xi Jinping's, Joe Biden, Russell, Austan Goolsbee, Berkshire Hathaway, Warren Buffett, Michael Barr, Thomas Barkin, Jonathan Haskel, Xi Jinping, Bernadette Baum Organizations: New York Stock Exchange, REUTERS, Wall, Chicago Fed, Bank of America, Home Depot, Berkshire, General Motors, Procter, Gamble, Richmond Fed, Bank of England, APEC, Cisco Systems, Palo Alto Networks, Reuters, NFIB, Reuters Graphics Reuters, Thomson Locations: New York City, U.S, Wall, UK's, York, San Francisco
Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Honeywell International (HON): This is the most undervalued stock in our portfolio, Jim said. In a diversified stock portfolio, Jim said there's always room for high-quality companies like P & G, which also has a track record of raising its dividend. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club.
Persons: Jim Cramer's, Jim, Bausch, That's, Dupont De Nemours, Dupont, Danaher, Walt Disney, Estee Lauder, Locker, Vimal Kapur, we're, We've, we've, Linde, Eli Lilly, Eli, hasn't, Mark Zuckerberg, Meta's, Zuckerberg, Morgan Stanley, Morgan Stanley's, Ted Pick, James Gorman, he's, there's, Patience, Stanley Black, Decker, Wells Fargo, Jim Cramer Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Amazon Web Services, Broadcom, VMWare, Bausch Health, Caterpillar, Costco Wholesale, Coterra Energy, Disney, Eaton Corp, Emerson, Ford, Union Auto Workers, GE Healthcare Technologies, General Electric, GE, Management, Google, YouTube, Honeywell International, Honeywell, Linde, LIN, Reality Labs, Microsoft, Nvidia, U.S, Oracle, Palo Alto Networks, Procter & Gamble, Starbucks, Constellation Brands, Corona, Modelo, Stanley, TJX, Wynn Resorts, WYNN, Trust Locations: China, India, Salesforce's, redeploy
Cisco Systems – Shares tumbled nearly 11% after the digital communications company offered worse-than-expected guidance for the current quarter and full year. That pulled attention away from a strong report for the fiscal first quarter, with Cisco beating the consensus forecasts of analysts polled by LSEG on both lines. Maxeon Solar Technologies – Shares slipped 7% after posting a bigger loss than expected in the third quarter. The solar company beat analyst expectations for revenue in the quarter, but issued a weaker-than-anticipated revenue outlook for both the current quarter and full year. While Gambling.com, a review site of gambling services, beat expectations on both lines for the third quarter, it left its full-year expectations unchanged.
Persons: LSEG, Maxeon, Gambling.com Organizations: Cisco Systems, Cisco, Alto Networks, Alto, Maxeon, FactSet Locations: billings
Palo Alto Networks shares tumble on weak billing guidance
  + stars: | 2023-11-15 | 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 EmailPalo Alto Networks shares tumble on weak billing guidanceTrevor Walsh, JMP Analyst, joins 'Closing Bell Overtime' to talk Palo Alto quarterly results and what to expect from the investor call.
Persons: Trevor Walsh Organizations: Alto Networks, Palo
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