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☆ We are reassured by AMD CEO's confidence in the chipmaker's data-center business
▼ + stars: | 2023-02-01 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

In general, investors are relieved that AMD still expects data-center growth in 2023 despite mounting economic pressures. AMD's data-center outlook isn't perfect. For the first quarter, in particular, AMD expects data-center sales to be lower than the $1.7 billion it recorded in the fourth quarter of 2022. The unpleasant PC experience caused AMD's warning about data-center inventory hurdles to raise the Club's eyebrows. AMD expects that continue to again in 2023.

☆ AMD shares jump as earnings defy collapse seen at Intel
▼ + stars: | 2023-02-01 | by ( Aditya Soni | ) www.reuters.com time to read: +2 min

Feb 1 (Reuters) - Shares of Advanced Micro Devices Inc (AMD.O) rose nearly 7% on Wednesday after the U.S. chipmaker's upbeat earnings showed that it was making up for a personal-computer slump with gains in the lucrative data center market. The data center market has slowed in recent months due to lower spending from recession-wary businesses, but AMD's faster and smaller chips have allowed it to gain ground on Intel. "AMD can continue to beat Intel in the data center space due to its leading design," said Lucas Keh, semiconductors analyst at Third Bridge. J.P. Morgan pegged AMD's share gain in the server market this year at 5 to 7 percentage points to between 28% and 30%. "First quarter should be the bottom for us in PCs and then grow from there into the second quarter and then into the second half," Su said.

☆ Here are Wednesday's biggest analyst calls: Apple, Amazon, Target, AMD, Exxon, Snap, Nike & more
▼ + stars: | 2023-02-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates PayPal as overweight Morgan Stanley said it's standing by shares of PayPal but that Apple Pay is a formidable competitor for the company. Morgan Stanley initiates Rocket Pharmaceuticals as overweight Morgan Stanley said in its initiation of Rocket Pharmaceuticals that it likes the company's pipeline. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said it's bullish on Amazon's Buy with Prime service for merchants. Morgan Stanley reiterates Walmart as overweight Morgan Stanley said growth remains strong for the Walmart's subscription service, Walmart+. " Morgan Stanley reiterates McDonald's as overweight Morgan Stanley said the fast food giant is well positioned for 2023 after it reported strong earnings on Tuesday.

☆ Samsung Electronics Operating Profit Falls 69% on Lower Tech Demand
▼ + stars: | 2023-01-31 | by ( Jiyoung Sohn | ) www.wsj.com time to read: 1 min

SEOUL— Samsung Electronics Co.’s fourth-quarter operating profits slumped as the company’s mainstay memory-chip and smartphone businesses grappled with a sharp drop-off in demand and high inventories. On Tuesday, the South Korean tech giant reported a 69% drop in operating profit in the fourth quarter compared with the prior year due to a decline in demand for tech products including PCs and smartphones and the semiconductors that go inside them.

☆ Factbox: Britain on strike: Which workers are walking out on Feb. 1 and Feb. 6?
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +3 min

Healthcare workers are also taking coordinated action on Feb. 6 for the first time, in what is set to be the biggest day of action in Britain's state-funded National Health Service. TEACHERSTeachers from the National Education Union in England and Wales will take the first of several days of strike action, impacting 23,400 schools. GOVERNMENT STAFFMore than 100,000 workers from the PCS union in government departments and public bodies will take part in a one-day strike. The GMB said more than 10,000 ambulance workers in England and Wales, including paramedics, emergency care assistants and call handlers, will strike on Feb. 6, Feb. 20, March 6 and March 20. Unite said ambulance workers in England would walk out on Feb. 6, Feb. 17, Feb. 20, Feb. 22, Mar.

☆ Looking beyond FAANG: Here's how the Club portfolio lines up with the Dow's workhorse stocks
▼ + stars: | 2023-01-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

Think most of the stocks in the Dow Jones Industrial Average or the kind of stocks Warren Buffett loves to own for Berkshire Hathaway ." But in the near term, we still favor stocks of companies that are the backbone of the real economy. Dow Inc (DOW): The materials company we own in the portfolio is industrial gas giant Linde (LIN). 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.

☆ Mobile phone, PC shipments to fall again in 2023, Gartner says
▼ + stars: | 2023-01-31 | by ( Supantha Mukherjee | ) www.reuters.com time to read: +2 min

STOCKHOLM, Jan 31 (Reuters) - Shipments of personal computers and mobile phones are expected to fall for the second straight year in 2023, with phone shipments slumping to a decade low, IT research firm Gartner said on Tuesday. Mobile phone shipments are projected to fall 4% to 1.34 billion units in 2023, down from 1.40 billion units in 2022, Gartner said. That was close to the 2009 shipments level when Blackberry and Nokia phones were the market leaders as Apple tried to dent their dominance. The mobile phone market peaked in 2015 when shipmentstouched 1.9 billion units. Personal computer shipments are expected to slide 6.8% this year after falling 16% in 2022, the research firm said.

☆ AMD beats on sales and profit but warns of a 10% revenue decline in Q1
▼ + stars: | 2023-01-31 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

AMD reported fourth-quarter earnings on Tuesday, beating Wall Street expectations for sales and profit, but guided analysts to a 10% decline in year-over-year sales in the current quarter. AMD's sales rose 44% in 2022. But its client group, which includes sales from PC processors, was down 51% year-over-year because of a slumping PC market, AMD said. The global PC market is in a protracted slowdown, according to estimates. AMD expects that the segments with PC chips and graphics processors will continue to decline in the current quarter, but data center and embedded sales will grow.

"AMD remained resilient and even made gains in their datacenter chips...against Intel," said Wayne Lam analyst at CCS Insight. Chief Executive Lisa Su said she was confident AMD will keep gaining market share this year and that the second half would be stronger than the first. "First quarter should be the bottom for us in PCs and then grow from there into the second quarter and then into the second half," Su said on the earnings call. Analysts on average were expecting revenue of $5.50 billion, according to Refinitiv data. Analysts on average expected revenue of $5.48 billion, according to Refinitiv data.

☆ AMD delivers a Q4 beat amid industry headwinds, validating the Club investment case
▼ + stars: | 2023-01-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

But the deal was ultimately necessary for AMD, as it helped it expand its data center business, boost margins, and further diversify away from PCs. Bottom line Despite facing industry-wide headwinds, including a chip glut and soft PC demand, AMD managed to outperform low expectations. Q4 segment results Data center revenues increased 42% but were a little softer than what analysts had forecasted. Sequentially, embedded revenues are expected to increase, providing some upside, while gaming and PC revenues are expected to decline, consistent with seasonality. No specific financial guidance was provided for the full year of 2023, but management expects the data center and embedded segments to grow year-over-year.

☆ Wall Street is worried about chipmakers, one in particular, following the Intel disaster
▼ + stars: | 2023-01-30 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +4 min

Wall Street analysts are starting to worry about chipmaker Advanced Micro Devices following Intel's terrible earnings results . Morgan Stanley named AMD its top pick in December knowing that there would be some risk early in the year. Earnings expectations Even though Morgan Stanley expects a weak first-quarter guidance, it still has an overweight rating and $77 price target on AMD shares. Morgan Stanley models December revenue of $5.54 billion, down 0.4% on the quarter and up 14.8% on the year. "We continue to see a long runway of potential data center gains, including potential to get traction in data center GPU over time."

☆ Earnings playbook: Apple and Google-parent Alphabet lead the busiest week of reports
▼ + stars: | 2023-01-29 | by ( Fred Imbert | ) www.cnbc.com time to read: +14 min

Tuesday General Motors is set to report earnings before the bell, followed by a conference call at 8:30 a.m. What history shows: Data from Bespoke Investment Group shows GM beats earnings expectations 85% of the time. McDonald's is set to report earnings before the bell, with company leadership set to hold a call 8:30 a.m. What history shows: Qualcomm has either beaten or matched analysts' earnings expectations in the last 32 quarters, according to FactSet. Alphabet is set to report earnings after the close, followed by a conference call at 4:30 p.m.

☆ Analysts call Intel’s disappointing quarter an ‘historic collapse’ and 'much worse than feared'
▼ + stars: | 2023-01-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

JPMorgan cuts price target to $28 from $32, reiterates underweight rating. Mizuho cuts price target to $29 from $32, reiterates neutral rating. Wells Fargo cuts price target to $26 from $32, reiterates equal weight rating. Barclays cuts price target to $27 from $30, keeps equal weight rating. Cowen cuts price target to $26 from $31, keeps market perform rating.

☆ Intel shares drop on weak quarterly results and expectations for another quarter of losses
▼ + stars: | 2023-01-26 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Here's how the company did:Earnings: 10 cents per share, adjusted, vs. 20 cents per share as expected by analysts, according to Refinitiv. 10 cents per share, adjusted, vs. 20 cents per share as expected by analysts, according to Refinitiv. Revenue: $14.04 billion, vs. $14.45 billion as expected by analysts, according to Refinitiv. Intel's revenue declined 32% year over year in the quarter that ended Dec. 31, according to a statement. Intel called for adjusted net loss of 15 cents per share on $10.5 billion to $11.5 billion in revenue.

☆ Texas Instruments' forecasts miss estimates in sign of wider demand slump
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +2 min

Jan 24 (Reuters) - Chipmaker Texas Instruments (TI) (TXN.O) forecast first-quarter revenue and profit below Wall Street targets on Tuesday as a wider economic downturn threatens to shake demand even in end-markets that were resilient last year. The automotive market was the only exception to weak demand, TI Chief Executive Rich Templeton, who will step down in April, said on Tuesday. TI's revenue fell 3% to $4.67 billion, but beat analysts' average estimate of $4.62 billion, according to Refinitiv data. The company expects revenue of $4.17 billion to $4.53 billion in the first quarter, the mid-point of which is lower than estimates of $4.41 billion. It expects current-quarter earnings per share between $1.64 and $1.90, the mid-point of which also fell short of expectations.

☆ Microsoft's forecast suggests gloomy tech environment will continue
▼ + stars: | 2023-01-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

A metric dubbed Microsoft Cloud — including Azure, commercial subscriptions to Microsoft 365, commercial LinkedIn services and Dynamics 365 enterprise software — now represents 51% of total sales. Large organizations are optimizing their spending on cloud services, a key area of growth for Microsoft, CEO Satya Nadella said. Hood said said Azure growth would slow down more. In the full December quarter, revenue from Azure and other cloud services rose 42% in constant currency. Her forecast included flat revenue for Windows commercial products and cloud services, compared with a decline of 3% in the fiscal second quarter.

☆ Arm-Based Chips Make Inroads With Apple, Amazon
▼ + stars: | 2023-01-23 | by ( Asa Fitch | ) www.wsj.com time to read: 1 min

A new generation of chips using Arm Ltd. technology is heaping pressure on Intel Corp. as the British chip-design specialist prepares for what could be one of the year’s highest-profile public listings. Arm-based chips have been winning market share in PCs and have become a more formidable rival in the increasingly important data-center market where Intel has long been the undisputed leader. Amazon .com Inc. has embraced the technology for its self-made server chips, and Microsoft Corp. and Google are working on processors using building blocks licensed from Arm, according to people familiar with their efforts.

☆ Compelling reasons to own stocks lift market — listen to 'The Homestretch'
▼ + stars: | 2023-01-23 | by ( ) www.cnbc.com time to read: +11 min

WHAT PEOPLE ARE EXCITED ABOUT ITHINK IS THAT THERE ARE STOCKSTHAT HAVE A LOT OF REASONS TOOWN. SO, YOU KNOW, GOOD THINGSHAPPENING THERE. WE CAN'T SEEM TO GET OUR ARMSAROUND WHAT APPLE IS GOING TODO, AND IT IS STILL VERYIMPORTANT IN THE MARKET. >> YEAH, LOOK, I THINK THATAPPLE IN THE END OF -- THERE'SMIXED EMOTIONS BECAUSE CHINA FORTHE MOST PART BECAUSE OF COVID. J&J, LOOK, I KNOW A LOT OFPEOPLE ARE CAUTIOUS ABOUT THECOMMENTS THE CEO MADE AT THEJPMORGAN CONFERENCE JUST THEOTHER WEEK, AND, OF COURSE,DEFENSIVE STOCKS ARE OUT OFFAVOR.

☆ Earnings playbook: What investors can expect out of Tesla, Microsoft and Boeing
▼ + stars: | 2023-01-22 | by ( Fred Imbert | ) www.cnbc.com time to read: +11 min

Tuesday Johnson & Johnson is set to report earnings before the bell, followed by a conference call at 8:30 a.m. What history shows: Johnson & Johnson has beaten earnings expectations 95% of the time, according to Bespoke Investment Group. Wednesday Boeing is set to report earnings before the bell, followed by a call with analysts at 10:30 a.m. What history shows: FactSet data shows Boeing has posted a greater-than-expected loss in the last five quarters. Tesla is set to report earnings after the close, with management set to hold a call at 5:30 p.m.

☆ Global IT Spending Decreased in 2022
▼ + stars: | 2023-01-18 | by ( Angus Loten | ) www.wsj.com time to read: +4 min

Companies worldwide made deep cuts in enterprise technology spending last year, with tighter information-technology budgets likely to stretch well into the year ahead. Global IT spending contracted 0.2% in 2022, dropping to $4.38 trillion—a rare instance of corporations spending less on digital business tools than in the previous year, according to IT consulting and research firm Gartner Inc.Gartner had initially estimated that IT spending had increased 0.8% last year. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Spending on business software and IT services is expected to remain steady year-over-year, together accounting for more than $2.16 trillion in projected spending in 2023, Gartner said. Within IT services, spending on consulting services alone is projected to reach $264 billion, up 6.7% from 2022, Gartner said.

☆ Wall Street's rally signals more conviction in the market in 2023 - listen to 'The Homestretch'
▼ + stars: | 2023-01-12 | by ( ) www.cnbc.com time to read: +10 min

BUT PEOPLE DON'T KNOW WHAT TO BEAGGRESSIVE IN BECAUSE THEY DON'TWANT TO BE IN SOMETHING THAT'SABOUT TO REPORT AND HAVE A BADNUMBER. AND WHAT PEOPLE ARE BUYING ARE,YOU KNOW, THEY'RE BUYING BOEING,CATERPILLAR AND SALESFORCE. I DON'T KNOW. I DON'T KNOW HOW MUCH TO BE -- IDON'T KNOW HOW MUCH TO BETHANKFUL ABOUT TAIWAN SEMI. I DON'T THINK IT'S -- I THINKIT'S A -- I DON'T THINK ITMATTERS.

☆ UK trade union says 100,000 public sector workers to strike on Feb. 1
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +1 min

[1/5] Ambulance workers keep a fire going to keep warm outside their Waterloo station, amid a strike due to a dispute with the government over pay, in London, Britain January 11, 2023. REUTERS/Toby MelvilleLONDON, Jan 11 (Reuters) - Britain's Public and Commercial Services (PCS) union said on Wednesday 100,000 of its members across 124 government departments would take strike action on Feb. 1 in a dispute over pay, pensions and job security. Britain is experiencing a wave of strikes across sectors ranging from healthcare to railways, as pay rises fail to keep pace with double-digit inflation. Thousands of ambulance workers held a second day of strikes on Wednesday, while many schools in Scotland were closed by a teacher walk out. The PCS union has been carrying out a rolling programme of strikes across different government departments and other public sector bodies over the last month, which has included driving test examiners, border force staff and road traffic officers.

☆ Apple reportedly considering touchscreen Mac laptop for 2025
▼ + stars: | 2023-01-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

(Photo by Justin Sullivan/Getty Images)Apple could release a MacBook Pro laptop with a touchscreen as soon as 2025, according to a report from Bloomberg. More recently, he was asked at a conference whether Apple would release a touchscreen laptop, and he said, "who's to say?" Apple's Mac business doesn't need a shot in the arm, though. Apple's Mac business generated $40.1 billion in revenue during the company's fiscal 2022, up 14% from 2021. A touchscreen Mac would require significant software changes to accept finger taps, which require larger buttons, instead of mouse clicks.

Amazon's Fire TV Omni QLED is the company's latest 4K smart TV. The latest is the Fire TV Omni QLED, which is designed to compete with displays from popular value brands like TCL and Hisense. Amazon 65-inch Omni QLED Fire TV Amazon’s latest TV has advanced features like local dimming, quantum dots, and hands-free Alexa. Ryan Waniata/InsiderThe Fire TV Omni QLED is something of a mixed bag when it comes to image quality. That said, those looking to delve deeper into the Amazon ecosystem will find an ally in the Fire TV Omni QLED.

☆ Amazon, Charles Schwab and Domino's: These are some of analysts' top picks for 2023
▼ + stars: | 2023-01-08 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

Despite the uncertainty surrounding the market to start the new year, Wall Street analysts see several stocks they like going forward. CNBC Pro combed the top 2023 picks from nine research firms to find the most common stocks between them. AMZN 1Y mountain Amazon in past year Another top pick shared among several analysts is brokerage Charles Schwab . "We like Schwab going into 2023 because of the downside protection and multiple avenues of upside it offers," wrote JPMorgan's Kenneth Worthington. Domino's Pizza , meanwhile, was named a top pick at Bank of America and BTIG after a tough year.

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