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☆ First Solar earnings could surge 370% by 2027 as Big Tech hunts for renewables to power AI, UBS says
▼ + stars: | 2024-05-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

First Solar's earnings are expected to surge 374% to $36.74 per share in 2027, analysts led by Jon Windham told clients in a research note Tuesday. Utility-scale solar represents 80% of the corporate power purchase agreements over the past five years, and the four tech companies represent 40% of utility-sale solar demand, according to UBS. First Solar makes thin-film solar modules rather than silicon-based modules that are dominated globally by China. This will allow First Solar customers to benefit from the 10% domestic content tax credit under the IRA, which is worth about 10 cents per watt of solar power. "FSLR is also a hedge against potential weakness in the 'sustainability' of the Chinese silicon based solar supply chain."

Persons: Jon Windham, Windham, Goldman Sachs, Mark Widmar, Alexander Bradley Organizations: Big Tech, UBS, Microsoft, Meta, Google, First Locations: U.S, China, Ohio, Alabama, Louisiana

☆ Why I Quit Goldman Sachs' Rigid, Male-Dominated Culture
▼ + stars: | 2024-05-21 | by ( Lindsay Macmillan | ) www.businessinsider.com time to read: +11 min

The lack of female leadership in the financial industry is nothing new, but many companies have been making strides. But as I watch senior women continue their exodus from Goldman, I'm not sure the company actually wants to change. While many companies have modernized to embrace hybrid and remote work, Goldman has not. Rather than changing its "be in the office every day and grind it out" culture to better suit women, Goldman puts the onus on us to change ourselves to fit the model. But Goldman leadership seems to want the benefits of gender diversity without the hard work of supporting diverse leadership styles.

Persons: Goldman Sachs, —, Dina Powell McCormick, Beth Hammack, Stephanie Cohen, Goldman, I'd, It's, it's, Morgan Stanley, Jamie Dimon, David Solomon, I'm, hadn't, Julia Boorstin, — Goldman, I've, she's, Asahi Pompey, Yassaman Salas, Rebecca Anderton, Davies, Lindsay MacMillan Organizations: Street Journal, Goldman, Citi, JPMorgan, International Workplace, McKinsey, LinkedIn, CNBC, Deloitte, Asahi Locations: Canada, London, New York

☆ Cybersecurity, sustainability and AI are 'huge topics' in Asia-Pacific boardrooms, IT firm says
▼ + stars: | 2024-05-21 | 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 EmailCybersecurity, sustainability and AI are 'huge topics' in Asia-Pacific boardrooms, IT firm saysJohn Lombard of NTT Data says banking, financial services and health care are "leading the way" in the adoption of artificial intelligence.

Persons: John Lombard Organizations: NTT Data Locations: Asia, Pacific

☆ Meet the Mars family, heirs to the Snickers and M&M's candy empire, who avoided the limelight for years
▼ + stars: | 2024-05-20 | by ( Hillary Hoffower | Sarah Jackson | ) www.businessinsider.com time to read: +2 min

The company has been criticized for not giving enough, especially as one of the largest private companies in the US. In 2012, Jacqueline Mars received the first-ever Foundation for the National Archives' "Heritage Award," for her support of the National Archives and other arts and cultural institutions in Washington, DC. The US Equestrian Team Foundation, of which she is an honorary life trustee, also gives Jacqueline B. Mars National Competition and Training Grant awards each year. Jacqueline also played a role merging the Opera with John F. Kennedy Center for the Performing Arts and made a multi-year commitment to support the Washington Performing Arts' programs. The Mars Wrigley Foundation supports educational and health-related causes by "providing oral health education and care, improving lives in mint and cocoa-growing regions, and creating resilient and vibrant communities," according to its website.

Persons: Mark Wilson, Jacqueline Mars, Jacqueline B, Grant, Jacqueline, John F Organizations: Mars Inc, Smithsonian National Museum of, Foundation, National Archives, US Equestrian Team Foundation, Mars National, Team, Kennedy Center, Performing Arts, Washington Performing Arts, Mars Wrigley Foundation Locations: Washington ,, Paris

☆ Pep Guardiola ‘closer to leaving than staying’ at Manchester City after fourth consecutive Premier League title win
▼ + stars: | 2024-05-20 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

Latterly, Guardiola has cast his spell over the English Premier League – an institution famed for its unpredictably. His Manchester City teams have dominated the league with six titles in seven seasons, claiming a fourth in a row on Sunday. City is the first team to win four consecutive Premier League titles and such a feat vaults this iteration into the pantheon of greatest soccer teams ever. However, Guardiola suggested after his team’s title victory that it could be part of his closing act in Manchester. Sunday’s title – which City won by finishing two points ahead of Guardiola’s disciple, Mikel Arteta, and Arsenal – reiterated the team’s dominance.

Persons: Pep Guardiola, Lionel Messi, Guardiola, ” Guardiola, “, ”, ‘, Sergio Agüero’s, Mikel Arteta, Arsenal –, Erling, Phil Foden’s, Erling Haaland, Phil Foden, Michael Regan, David Moyes, what’s Organizations: CNN, Barcelona, Bayern Munich, English Premier League –, Manchester City, Premier League, Sky Sports, United, City, Champions League, FA Cup, Premier League winners, Arsenal, couldn’t, FA Locations: Manchester, Abu Dhabi, West Ham, ” City, Istanbul

☆ Climate-focused insurtech company Arbol just raised a Series B funding round. Here's an exclusive look at the deck the startup used to land $60 million.
▼ + stars: | 2024-05-20 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +1 min

The startup just raised a $60 million Series B funding round. We got an exclusive look at the pitch deck the startup used to raise its new round of funding. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. The startup Arbol just raised $60 million in Series B funding. Giant Ventures and Opera Tech Ventures co-led the round, with Mubadala Capital also participating in the fundraise.

Persons: hasn't Organizations: Service, Giant Ventures, Opera Tech Ventures, Mubadala Capital, Finch Finance, Space, Business

☆ Why Middle East travel is growing faster ‘than any other region’
▼ + stars: | 2024-05-16 | by ( Rym Bendimerad | ) edition.cnn.com time to read: +6 min

CNN —Last week, travel and tourism industry representatives from more than 150 countries gathered at the annual Arabian Travel Market trade show, held this year in Dubai. There, CNN’s Eleni Giokos spoke with Julia Simpson, president of the World Travel and Tourism Council (WTTC), about trends in tourism in the Middle East, and the challenge of making travel more sustainable. We are here in the Middle East — this is the first time I’ve been to the Arabian Travel Market — but what’s interesting is everyone’s telling me they have never, ever seen it this busy. Simpson: Well, the GCC and Middle East is growing faster than any other region. Visitors and delegates at the Arabian Travel Market.

Persons: CNN’s Eleni Giokos, Julia Simpson, I’ve, Simpson, Saud, you’ve, We’ve, we’ve Organizations: CNN, Travel, Tourism Council, Arabian, GCC, Gulf Cooperation, United, Visitors, Oxford Economics Locations: Dubai, Abu Dhabi, Ras Al, Khaimah, United Arab Emirates, Saudi, Arabia, —, Saudi Arabia, Oman, East, UAE, Gaza, Egypt

☆ From hunter to guardian: How the ‘Snakeman of India’ found his way into wildlife conservation
▼ + stars: | 2024-05-16 | by ( Michelle Cohan | ) edition.cnn.com time to read: +8 min

Whitaker would go on to earn the nickname “Snakeman of India,” and spend more than six decades dedicated to reptile research and conservation. His field work with snakes and crocodiles ultimately led his conservation efforts to help save India’s rainforests. We tell people when they’re working in the field, when they’re doing agriculture, use a stick. Romulus Whitaker teaches the next generation about reptiles at his conservation organization, Agumbe Rainforest Research Station, in southern India. And it’s wonderful to realize that dozens, if not hundreds, of young people have continued to do wonderful work with reptiles.

Persons: Romulus Whitaker, ”, Whitaker, Doris Norden Whitaker, Rama Chattopadhyay, Bill Haast, Heyward Clamp Whitaker, I’ve, cobras, we’ve, Arun Sankar, there’s, Cedric Bregnard, You’re Organizations: CNN, Miami Serpentarium, Miami, cobras, Cooperative, Getty Images CNN, Global Health Research, University of Toronto, Research, Cedric Bregnard CNN Locations: America, India, cobras, Mysore, Hoosick , New York, New York, Bombay, Western Ghats, Madras, South India, An, Chennai

☆ Royal Caribbean and Norwegian have serious sustainable-food-supply-chain goals — here's how they compare
▼ + stars: | 2024-05-16 | by ( Brittany Chang | ) www.businessinsider.com time to read: +6 min

Royal Caribbean Group and Norwegian Cruise Line Holdings aim to source their foods more sustainably. In 2023, the cruise giants Royal Caribbean Group and Norwegian Cruise Line Holdings accommodated more than 10.3 million travelers. Both companies have been increasingly shopping localBoth Norwegian and Royal Caribbean want to be net zero emissions by 2050. Royal Caribbean did not respond to an inquiry about its beef initiatives or plans to expand its plant-based offerings. That's not to mention all the heat that cruise companies already take for operating ships that are bad for the environment.

Persons: —, Brittany Chang, Linken D'Souza, Royal Caribbean's, Bambi Semroc, it's, Ravi Anupindi, Anupindi, Royal, Semroc Organizations: Royal Caribbean Group, Cruise Line Holdings, Chain Management, Service, Norwegian, Royal, Business, Royal Caribbean's, Conservation, University of Michigan's Ross School of Business, Marine Stewardship Council, Aquaculture, Council, Global Animal Partnership, Regent Seven Locations: buffets, Royal Caribbean, Europe, Seattle, Vancouver, Florida, California, New York City, Norwegian, Oceania

☆ How viral olive-oil brand Graza tapped influencers for its largest product launch after slashing its marketing budget
▼ + stars: | 2024-05-16 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

Read previewTwo-year-old Graza has popularized squeeze bottles filled with olive oil that appear in seemingly every food influencer's social videos. And those influencers are playing a key role in the brand's largest product launch to date beyond the squeezable bottles: Beer-can refills. On May 9, Graza rolled out beer cans of olive oil, sending the new product to about 300 creators, said Kendall Dickinson, head of social and influencer marketing for Graza. The goal was to show people how to refill the signature squeezable bottles with more sustainable cans and a kitchen funnel. For example, a TikTok and Instagram video shows how to make onion rings using Pabst Blue Ribbon beer and Graza's olive oil.

Persons: —, Graza, Kendall Dickinson, Andrew Benin, influencers, Dickinson, Harris Teeter, We've Organizations: Service, Graza, Business, Procter, Gamble, Walmart Locations: Benin

☆ Siemens posts industrial profit drop as automation division slows
▼ + stars: | 2024-05-16 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Karl-Josef Hildenbrand | Picture Alliance | Getty ImagesGerman technology giant Siemens on Thursday reported a drop in profit at its industrial business in the fiscal second quarter and said its automation division had slowed. The company's industrial profit came in at 2.51 billion euro ($2.73 billion) in the three months ending in March, down 2% from the same quarter last year. The figure was also below the company-compiled analyst forecast of 2.68 billion euro which was reported by Reuters. Net income fell to 2.2 billion euro in the three months to the end of March, down 38% year-on-year, while sales shed 1% to 19.16 billion euro. watch nowSiemens focuses on automation and digitalization and produces technology for a range of sectors such as transport and healthcare.

Persons: Karl, Josef Hildenbrand, Roland Busch, CNBC's Annette Weisbach, Busch Organizations: Getty, Siemens, Reuters Locations: Bavaria, Munich, London

☆ People are extending their vacations, and eco-travel experts say it could be more sustainable
▼ + stars: | 2024-05-16 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

Tourists globally are spending an average of one more day at destinations compared to 2019. Longer vacations are more sustainable, reducing carbon emissions from fewer flights. Sustainability experts recommend fewer, longer trips to minimize environmental impact. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In Europe, Africa, and the Middle East, people are extending their trips for two days longer than before the pandemic.

Persons: — Organizations: Sustainability, Service, Mastercard Economics Institute, Business Locations: Europe, Africa, East

☆ Bull market in stocks will extend well beyond 2024, says Virtus' Joe Terranova
▼ + stars: | 2024-05-16 | 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 EmailBull market in stocks will extend well beyond 2024, says Virtus' Joe TerranovaVirtus’ Joe Terranova and Wealth Enhancement’s Aya Yoshioka, join 'Closing Bell' to discuss the market, tech sector, and sustainability of the market rally.

Persons: Virtus, Joe Terranova Virtus ’ Joe Terranova, Aya Yoshioka

☆ Watch CNBC’s full interview with Virtus’ Joe Terranova and Wealth Enhancement’s Aya Yoshioka
▼ + stars: | 2024-05-16 | 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 Virtus’ Joe Terranova and Wealth Enhancement’s Aya YoshiokaVirtus’ Joe Terranova and Wealth Enhancement’s Aya Yoshioka, join 'Closing Bell' to discuss the market, tech sector, and sustainability of the market rally.

Persons: Virtus ’ Joe Terranova, Aya Yoshioka Virtus, Joe Terranova, Aya Yoshioka Organizations: Virtus ’

☆ Biden's new tariffs show he's willing to play hardball as China ramps up exports, Nobel economist Paul Krugman says
▼ + stars: | 2024-05-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Biden's tariffs on China are a gesture to show the US will not accept another wave of Chinese imports, Paul Krugman wrote in an op-ed. The previous "China shock" was damaging to US employment, given the localized nature of US industry. China is relying on heavy production to manufacture its way out of an economic slump. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. "They're a shot across the bow — a signal that the United States won't accept a second so-called China shock, a surge of imports that could undermine crucial parts of the administration's agenda."

Persons: Paul Krugman, Biden's Organizations: Service, The New York Times, Business Locations: China, United

☆ A half-million school buses across US could become an EV battery powerhouse feeding the grid
▼ + stars: | 2024-05-15 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

The company's goal is to add 10,000 bidirectional EV school buses across the U.S. with 300 gigawatt hours of energy available to power grids each year. In effect, instead of the one-way charge into the vehicle, the school buses will be able to send their battery power back to the grid through Zum charging infrastructure. The roughly 500,000 school buses are mostly diesel, contributing to emissions. Ram Ambatipudi, senior vice president of business development at EV Connect, which provides EV charging solutions, said the school bus model is one of the most promising in the area of using EV battery storage in a bidirectional nature. "The low-hanging fruit from what I've seen is the school bus model," Ambatipudi said.

Persons: Ritu Narayan, Ram Ambatipudi, Ambatipudi, It's Organizations: San, San Francisco Unified, Los Angeles Unified, Oakland Unified, EV Connect, Ford Locations: California, San Francisco, Oakland, California , Colorado , Connecticut , Illinois, Maryland , Massachusetts , Missouri , Nebraska , Pennsylvania, Tennessee , Texas, Washington , Utah, Virginia, U.S

☆ Microsoft’s carbon emissions have risen 30% since 2020 due to data center expansion
▼ + stars: | 2024-05-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Microsoft 's total carbon emissions have risen nearly 30% since 2020 primarily due to the construction of data centers, the company said in its annual sustainability report Wednesday. However, its indirect emissions — those that stem from all other activities Microsoft engages in — increased 30.9% during the same period. The increase in Microsoft's indirect emissions is largely due to the building materials and hardware components, such as semiconductors, servers and racks, used in constructing more data centers. The expansion of data centers poses a challenge to tech companies that have set ambitious timelines to eliminate their carbon footprints. Goldman Sachs expects natural gas to fuel 60% of the increased power demand from data centers, while renewables will power the remaining 40%.

Persons: Goldman Sachs Organizations: Microsoft Times, Microsoft, Dominion Energy, Duke Energy, Brookfield Asset Management, Brookfield Locations: New York City, Swedish

☆ A trade that wins if too-high inflation knocks down this stock market again
▼ + stars: | 2024-05-14 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

We'll review a trade that wins if the market pulls back again. Inflation has been stubbornly high for months, and today's hotter-than-expected producer price index report only reinforces that notion. It is prudent to wait for confirmation of the double-top pattern before considering a bearish trade though. The trade setup: SPY 513-512 Bear Put Spread The trade structure I am using here is called a "bear put spread". BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: SPDR Dow, Nishant Pant Organizations: PPI, CPI, SPDR Dow Jones, Average Trust

☆ OpenAI gives a shoutout to Nvidia — plus, a new industrial stock joins our watchlist
▼ + stars: | 2024-05-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just 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. 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. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, it's, OpenAI, Mira Murati, Jensen Huang, We're, Jim's, Estee, Jim, Jim Cramer's Organizations: CNBC, Microsoft, Nvidia, Dover Corp, Clean Energy, Sustainability Technologies, Club, Vision, Bloomberg, Apple Vision, U.S, Jim Cramer's Charitable Locations: Illinois, Dover, U.S, China, Estee Lauder

☆ Sweetgreen is selling steak for the first time, and it hopes the pricey add-on will bring protein-hungry customers in for dinner
▼ + stars: | 2024-05-13 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Sweetgreen introduced caramelized garlic steak, which is now the most expensive protein on its menu. The salad chain, which has over 225 locations, added caramelized garlic steak on Tuesday. Axios reported that it's the first red meat Sweetgreen has sold. In comparison, Sweetgreen charges $2.75 to add roasted tofu, $3.75 to add blackened or roasted chicken, and $6.15 to add miso glazed salmon. Neman said that Sweetgreen introduced steak to boost its dinner sales and expand its customer base.

Persons: Sweetgreen, —, Jonathan Neman, they've Organizations: Service, New York Times, Times Locations: Manhattan, Boston, Neman, Australia, New Zealand

☆ Why are luxury brands waging war on the ‘upcycled’ clothing market?
▼ + stars: | 2024-05-13 | by ( Sarah Kent | ) edition.cnn.com time to read: +10 min

Editor’s Note: This article was originally published by The Business of Fashion, an editorial partner of CNN Style. The design was upcycled from vintage Chanel scarves by stylist Logan Horne, whose brand, J. Logan Home, specializes in refashioning heritage luxury accessories. Fashion brands' legal claims are varied but ultimately boil down to concerns that third parties are free-riding on brands’ valuable IP in ways that could risk confusing consumers, eroding primary sales and tarnishing or diluting carefully cultivated marks. Some big brands, like Prada, Gucci and indeed Levi’s, have already dabbled with upcycling collections and programs of their own. These days, she says she’s having about a conversation a week with brands interested in exploring collaboration, but the industry moves slowly.

Persons: Travis Kelce, Logan Horne, Logan, Webster, They’ve, Chanel, Horne, ”, Susan Scafidi, J, Logan Home’s, Christian Vierig, Louis Vuitton, Levi’s, Jeremy Moeller, Irene Calboli, ” Chanel, des, Batsheva Hay, Monica Schipper, “, Hay, upcycling, I’m, Prada, Gucci, Anna Foster, Gabriela Hearst Organizations: The, Fashion, CNN, NFL, Dua, Law, Paris Fashion, Business of, “, Getty, Logan Home, Texas, M University, Fashion Trust, Business of Fashion, Industry Locations: New York, Texas, Beverly Hills , California, India, Europe

☆ Shein's U.S. charm offensive and IPO could hinge on NRF membership. So far, it's been rejected
▼ + stars: | 2024-05-13 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +9 min

Open to allIt's unclear why the NRF rejected Shein's membership application, but according to one of the people familiar, someone with sway is strongly against the company's admittance. The NRF's board has a leadership team and an executive committee. An NRF membership application form that can be found online states: "Companies principally engaged in retailing are eligible for membership in the Federation." Two of the board members said they weren't aware of any instances where the NRF denied a retailer membership. "I don't think they are in the business of turning anyone down," one of the board members told CNBC.

Persons: Scott Olson, Matthew Shay, Courtney Reagan, CNBC Steve Dennis, Neiman, Sears, Dennis, Shein, John Furner, Bob Eddy, Mike George, Brian Cornell, Tony Spring, wasn't, Wang Ying, Ashley Sanchez, Joscelin Flores, Allen J, They've, Temu, it's Organizations: Getty, National Retail Federation, CNBC, Neiman Marcus, New York Stock Exchange, Shay, Walmart U.S, BJ's Wholesale, Qurate, QVC, Federation, Brands, Publicis Groupe, Coresight, Xinhua News Agency, Forum, World Retail, Los Angeles Times, Chinese Communist Party Locations: Whitestown , Indiana, New York City, America, U.S, New York, United States, Hamburg, Germany, Los Angeles, Paris, Davos, Switzerland, Las Vegas, Shoptalk, Fontana, Ontario Mills, Ontario

Smarter grids, like Chattanooga's, are just part of what it will take to modernize the American grid in the coming decades. A troubled transition to renewable energyOffshore wind farms are one of the growing areas of renewable energy. And the Edwards & Sanborn project, the US's largest solar energy and energy storage project in California, came online in January. Renewable energy is not only cleaner than fossil fuels but also often less expensive. Breaking down barriersThe US grid isn't designed for fluctuating renewable energy, so much of it goes to waste because clean-energy projects can't connect to the grid.

Persons: Kevin Schneider, Harris, Joe Rand, Joshua Rhodes, barleyman, Edwards, Rand, Philip Odonkor, Seib, headwinds, Julia Bovey, Ørsted, Bovey, Paul Denholm, We'll, Denholm, There's, PATRICK T, FALLON, we're, Schneider, We've, EPB, MISO, it's Organizations: Infrastructure, Service, Pacific Northwest National Laboratory, Nationwide, Biden, Lawrence Berkeley National Laboratory, University of Texas, Renewables, Sanborn, of Systems, Enterprises, Stevens Institute of Technology, Trump, Fork, Eversource Energy, National Renewable Energy Laboratory, Getty, Infrastructure Law Locations: Chattanooga , Tennessee, Chattanooga, EPB, Austin, Maine, North Carolina, California, United States

☆ Buy Nvidia stock now or wait for another drop? Two fund managers disagree
▼ + stars: | 2024-05-13 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The substantial rise in Nvidia's share price has, however, has raised questions about whether those not already invested should buy the stock now, or wait to see if its price drops. Buy Nvidia Trent Masters, portfolio manager at the Sydney-based Alphinity Investment Management, has a buy recommendation on Nvidia, even as he acknowledges that it is "hard to buy a stock that has already gone up a lot." Acknowledging that Nvidia is a "great company," that is effectively operating a "monopoly" in the AI chipmaker segment, he has been reducing his holdings in the stock "Nvidia is a company that ran too far too fast. For instance, he is looking at an annualized revenue growth rate of near 50% over the next five years to justify the stock price. Despite reducing his position in the stock, Coons remains cautiously optimistic on Nvidia.

Persons: It's, We've, we've, Nvidia Adam Coons, Coons, " Coons Organizations: Nvidia, CNBC, Nvidia Trent Masters, Alphinity Investment Management, Devices, Winthop Investment Management Locations: Sydney, U.S

☆ Buy, sell or hold? Knowing a stock's PEG ratio can help decide. What it is and how to use it
▼ + stars: | 2024-05-12 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

The PEG ratio, as referenced in the question, takes the price-to-earnings ratio and divides it by a company's projected long-term earnings growth rate. As a general rule, a PEG ratio of 1 or lower indicates you're getting future growth at a good value. That's what the PEG ratio attempts to capture. Keep in mind that we also collect a dividend to compensate us for any lack of earnings growth. These factors outweigh the PEG ratio in our view and are our primary focus right now when it comes to valuing Abbott.

Persons: Jim Cramer, Marcia, Abbott, It's, that's, Eaton, That's, Jim Organizations: Abbott Labs, NEC, Abbott, CNBC Locations: Eaton, Washington, Cramer's

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