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☆ The cloud is back at Amazon, putting the stock on a path back to Covid-era record highs
▼ + stars: | 2024-02-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Would you look at the quarter Amazon just delivered. One of the main highlights came from its cloud unit, Amazon Web Services (AWS), where revenue growth finally accelerated. Better yet, management's comment about how it expects accelerating AWS revenue trends to continue through 2024 should keep the bulls happy. If the AWS revenue growth acceleration continues and the company continues its progress on expanding margins, the stock should get back there. Driving this accelerating revenue growth was an increase in larger new deals while the cost optimization headwind "continued to attenuate," the company said.

Persons: Amazon's, we're, Amazon, Jim Cramer's, Jim Cramer, Jim, Mike Segar Organizations: Amazon, Revenue, LSEG, Amazon Web Services, Microsoft, AWS, Management, Prime, Subscription Services, CNBC Locations: North America, Robbinsville , New Jersey

☆ Starbucks' earnings report was weak — but Wall Street expected worse
▼ + stars: | 2024-01-31 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Wall Street is shaking off Starbucks' weak quarterly report, seemingly taking executives at their word that the company's challenges are "transitory." The coffee giant's stock ticked higher in morning trading, hours after it reported fiscal first-quarter earnings and revenue that missed Wall Street's estimates and lowered its full-year sales outlook. Morgan Stanley analyst Brian Harbour wrote in a note to clients that the company's earnings per share and U.S. same-store sales growth was better than some had feared, "likely supporting the stock." Executives also tried to convey that those challenges are expected to subside as fiscal 2024 progresses. While Starbucks lowered its full-year outlook for revenue and same-store sales growth, it reiterated its forecast for fiscal 2024 earnings per share growth.

Persons: Morgan Stanley, Brian Harbour, Laxman Narasimhan, Andrew Strelzik, William Blair, Sharon Zackfia Organizations: Starbucks, BMO Capital Markets Locations: U.S, Israel, China

☆ Stocks making the biggest moves midday: Alphabet, Boeing, AMD, Microsoft, Paramount and more
▼ + stars: | 2024-01-31 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Alphabet — Shares fell 6.3% after the company posted disappointing fourth-quarter advertising revenue. Late Tuesday, Alphabet posted beats on both top and bottom lines, but its advertising revenue of $65.52 billion fell below analysts' forecast of $65.94 billion, per StreetAccount. Starbucks — Shares fell 0.5% after the coffee giant issued disappointing forward guidance due to a boycott in the U.S. and a weaker Chinese consumer. Adjusted earnings per share for the fourth quarter came in at $3.46 versus the $3.27 expected, per FactSet. Manhattan Associates — The supply chain software provider surged 8% after fourth-quarter adjusted earnings and revenue topped analysts' estimates, per FactSet.

Persons: Byron Allen, NYCB, Tesla, Elon Musk, Roth, Morgan Stanley, SoFi, Stryker, Genuity, —, Alex Harring, Samantha Subin, Sarah Min, Jesse Pound, Lisa Kailai Han, Michelle Fox, Pia Singh Organizations: Boeing, Paramount, AMD, Microsoft, Starbucks, New York Community Bancorp, Bank, Technologies, Rockwell, —, Wall Street, Revenue, Manhattan Associates Locations: U.S, Delaware, Georgia

☆ Working for Google used to be 'sexy and exciting,' with a strong sense of security. Now, not so much.
▼ + stars: | 2024-01-31 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The tech giant has been caught up in the wave of tech layoffs sweeping the industry. Unsurprisingly, the cuts have gone down badly with remaining Google employees, with some lashing out at the tech giant's "boring and glassy-eyed" leaders. "The reason they're taking it harder is that it's not a feeling of 'Google doing what Google has to do.' AdvertisementHe added: "Working for Google is just not as sexy and exciting as it used to be, especially if you are at risk of being laid off anytime."

Persons: —, Sundar Pichai, Severance, Ben Hardy, Hardy, Thomas Roulet, it's, Roulet, They're, Google's Organizations: Service, Google, Business, London Business School, Workers Locations: Cambridge

☆ These Apple suppliers have the most to win or lose from the tech giant's upcoming earnings
▼ + stars: | 2024-01-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Reverberations from Apple 's earnings report will likely be felt across the hardware sector. A cottage industry of suppliers depends on Apple and the suppliers' stocks have a history of moving in tandem with the big technology name. To find these stocks, CNBC Pro screened FactSet for companies that provide Apple with supplies and have the highest correlation in stock price over a 20-week period. In 2023, the stock climbed nearly 39%, outperforming the broader market while underperforming the technology-heavy Nasdaq Composite . The average price target on the Street implies shares can add more than 4% in the next year.

Persons: Amkor, IXIC, Wall, Apple, —, Nick Wells Organizations: Apple, Investors, CNBC Pro, Nasdaq, Wall, Qualcomm Locations: underperformance

☆ Starbucks customers are placing bigger orders than they ever have before
▼ + stars: | 2024-01-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Starbucks customers at US stores are spending more per order than ever before, execs said Tuesday. Ruggeri attributed the record ticket sizes to the specific products customers picked, rising menu prices, and the number of customizations they added to their beverages. Starbucks' cold foam, which generally costs $1.25, is its most popular add-on, company executives said last summer. A record number of Starbucks orders — around 30% — are now placed via its app, and its US delivery business has grown nearly 80% year-over-year, Narasimhan said on Tuesday. Store efficiency also increased, Ruggeri said, with a record number of items made per labor hour.

Persons: execs, —, Rachel Ruggeri, Ruggeri, didn't, Laxman Narasimhan, Food, Narasimhan, there'd, bakes Organizations: Service, Business, Starbucks Locations: China, Gaza

☆ Walmart just split its stock. History shows what will happen next with the megacap
▼ + stars: | 2024-01-31 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Walmart 's plan to split its stock into three pieces should do nothing for the underlying strength of the retail giant's business, but history suggests the move might make shareholders richer anyway. "Stocks have historically outperformed the market immediately following the split announcement, as well as 6-months following the split effective date. In the six months after the effective date, the newly split shares outperformed the index by 4.7%. Walmart stock closed at $165.59 per share on Tuesday, less than $5 from its all-time high. For Walmart specifically, Oppenheimer analyst Rupesh Parikh said in a note to clients on Wednesday that the stock split is just a reassurance that the company is on the right track.

Persons: Outperformance, Morgan Stanley, Boris Lerner, Lerner, Oppenheimer, Rupesh Parikh, Parikh, — CNBC's Michael Bloom Organizations: Walmart

☆ UPS is cutting 12,000 jobs as CEO cites soft demand and high labor costs following historic contract deal
▼ + stars: | 2024-01-30 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

UPS is set to reduce its headcount by 12,000 jobs in 2024 following a historic pay agreement with its drivers. UPS CEO Carol Tomé cited soft demand and the recent labor contract as reasons for missing analysts' expectations on a Tuesday earnings call. AdvertisementUPS also told analysts that its employees are expected to work in the office five days a week. Tomé told analysts that expected revenue for 2024 would be between $92 billion and $94.5 billion. AdvertisementTomé hinted at how UPS might try to offset the costs of such a deal in a September interview with CNBC.

Persons: —, Carol Tomé, Tomé Organizations: Service, UPS, Business, Teamsters, CNBC

7:08 a.m.: BTIG upgrades Block to buy, bullish on Cash App and Square growth Analyst Andrew Harte upgraded Block to buy from neutral, saying margins are poised to expand. His $85 price target implies shares could gain more than 23%. Braziler's new price target of $72, higher by $10, suggests about 2.7% potential upside over the next 12 months. That is equivalent to $12B revenue or 800k units," wrote analyst Srini Pajjuri. Morgan Stanley raised its price target on Citigroup to $65 from $46, implying upside of 20.1% over the next 12 months.

Persons: Morgan Stanley, Goldman Sachs, Andrew Harte, Harte, Cash, — Pia Singh, Timur Braziler, …, Braziler, WAL, Oppenheimer, Brian Nagel, Nagel, Raymond James, Adam Tindle, Tindle, CrowdStrike, Batya Levi, Levi, EBITDA, Raymond James downgrades, Srini Pajjuri, Fred Imbert, Goldman Sachs Morgan Stanley, Betsy Graseck, Graseck, Goldman Organizations: CNBC, Bank of America, Citigroup, UBS, Spotify, Western Alliance, Alliance Bancorp, Palo Alto Networks, AMD, BofA, Global Banking, Markets Locations: Wells Fargo Wells, CY23, Basel

☆ 6 photos and stats that put into perspective the sheer size of Evergrande, China's dying real-estate giant that has $300 billion in debt
▼ + stars: | 2024-01-29 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEvergrande, once the second-largest property developer in China by sales, is being liquidated by order of a Hong Kong court on Monday. This story is available exclusively to Business Insider subscribers. Analysts have long feared that the embattled property giant's collapse would send shockwaves across China's already stalling economy, and potentially even destabilize foreign firms. To help you understand the scale of China's former real estate darling, we've pulled together some statistics and comparisons that put it into perspective.

Persons: —, Lehman, we've Organizations: Service, Business, Analysts Locations: China, Hong Kong, Shenzhen

☆ Holcim CEO: 'Our North American business is a real rock star'
▼ + stars: | 2024-01-29 | 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: 'Our North American business is a real rock star'Jan Jenisch, CEO and chairman of Holcim, speaks to CNBC about the building material giant's plans for a U.S. spin-off.

Persons: Jan Jenisch Organizations: Holcim, CNBC Locations: American, U.S

Some of the biggest analyst calls on Monday focused on a dollar store stock and a major U.S. airline. She assigned a $235 price target, which suggests shares could climb about 23.5%. The analyst maintained his buy rating and raised his price target by $30 to $455, which implies 15.4% potential upside from Friday's close. His $175 price target — down from $185 — implies 25.3% downside for the stock from Friday's close. The bank upgraded the airline to buy from neutral, raising its price target to $20 from $14.

Persons: Bernstein, Hershey, Alexia Howard, Howard, —, — Pia Singh, Jefferies, Brent Thill, Morgan Stanley, Norfolk, Ravi Shanker, Shanker, Raymond James Raymond James, Olivia Tong, Tong, Matthew Boss, Said, ̇, Boss, Stephen Trent, Fred Imbert Organizations: CNBC, JPMorgan, Citi, American Airlines, Hershey, Meta, Norfolk, Colgate, Palmolive, CL, American Airlines American Airlines Locations: U.S, Norfolk Southern

☆ Earnings playbook: Your guide to the busiest week of the reporting season
▼ + stars: | 2024-01-28 | by ( Fred Imbert | ) www.cnbc.com time to read: +10 min

What history shows: GM beats earnings estimates 87% of the time, according to data from Bespoke Investment Group. Alphabet is set to report earnings after the close. What history shows: Alphabet averages a 1.45% gain after reporting earnings, Bespoke data shows. What history shows: Amazon exceeds earnings expectations 63% of the time, according to Bespoke. What history shows: Meta shares have risen in three of the last four earnings days, per Bespoke, including a 23.3% rally.

Persons: Bard chatbot, Gus Richard, David Palmer, Palmer, MSFT, Jordan Novet, bode, Leslie Josephs, Max, Alaska's, AAPL, AMZN, Mark Zuckerberg Organizations: Meta, Apple, ., Motors, CNBC, Tuesday, United Auto Workers, LSEG, Investment, AMD, Starbucks, Microsoft, Management, Wednesday Boeing, Alaska Airlines, FAA, Boeing, United Airlines, Web, Mizuho Securities, Nvidia Locations: Northland, China, Alaska

☆ Wall Street analysts touted 5 portfolio stocks this week. Here’s our call on each name
▼ + stars: | 2024-01-27 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

In turn, Wall Street analysts made a slew of bullish calls on five of our portfolio names — all of which report earnings next week SBUX YTD mountain Starbucks (SBUX) year-to-date performance Wall Street's call: Wells Fargo forecasted an improved backdrop for Starbucks. Although the stock's been a portfolio laggard, we're bullish on management's plans to progressively expand margins in the years to come. MSFT YTD mountain Microsoft (MSFT) performance year-to-date Wall Street's call: Morgan Stanley boosted Microsoft's price target to $450 per share from $415, citing the company's strength from generative artificial intelligence efforts. Analysts issued a slew of downbeat calls at the start of 2024, causing the stock to sell off. AMZN YTD mountain Amazon (AMZN) year-to-date performance Wall Street call: Jefferies said Amazon stock has even more room to run after a great 2023.

Persons: Wells Fargo, we're, Morgan Stanley, Goldman Sachs, refreshes, Jefferies, AMZN, Twitch, they're, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Dow Jones, Wall Street, Club, Microsoft, Big Tech, Bank of America's, Apple, Analysts, MGM Studios, Management, Bank of America, CNBC, Traders, New York Stock Exchange Locations: Fargo, China, Tuesday's, Copilot, F1Q24E, Thursday's, New York City, U.S

☆ 10 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-01-27 | by ( Zev Fima | ) www.cnbc.com time to read: +16 min

All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.

Persons: nonfarm, December's, Sartorious, We've, Stanley Black, Decker, We're, We'd, Royal Philips, Crane, Woodward, ServisFirst, Cadence Bancorporation, CADE, Johnson, Phillips, Avery Dennison, Columbus McKinnon, Robinson, SIRI, Cardinal Health, Parker, DOV, Pitney Bowes, Ferrari N.V, CSW, COLM, W.W, Grainger, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Gross, Procter, Gamble, Gillette, Super, Consumer, JPM Healthcare, Amazon, Microsoft, Honeywell, Aerospace, Solutions, Apple Watch, Masimo, Vision Pro, Franklin Resources, Resource Partners, Bank of Marin Bancorp, Bank7 Corp, Pacific Premier Bancorp Inc, Provident Financial Holdings, Dynex, Cliffs Inc, Nucor Corp, Whirlpool Corp, F5 Networks, Capital Southwest Corp, Harbors Investment Corp, Crane Co, Payne, Equity, Heartland Financial, Cadence, FinWise Bancorp, Five Star Bancorp, PotlatchDeltic Corporation, Sanmina Corporation, Pfizer, General Motors Corp, United Parcel Service, JetBlue Airways Corporation, Smith Corp, Marathon Petroleum Corp, HCA Healthcare, Oshkosh Corporation, SYSCO Corp, Danaher Corp, Johnson Controls, M.D.C . Holdings, Commvault Systems Inc, Hope Bancorp, Hubbell Incorporated, Malibu Boats, Polaris Industries, Inc, Camden National Corp, Cambridge Bancorp, Microsoft Corp, Starbucks Corp, Devices, Electronic Arts Inc, Juniper Networks, Stryker Corp, Lending, Canadian, Canadian Pacific Kansas City Limited, Mondelez, Chubb Corporation, Modine Manufacturing, Partners, Management, Hawaiian Holdings, Manhattan Associates, Unum Group, UNM, Axos, Enova, Boston Properties, Boeing Co, Novo Nordisk, Mastercard Inc, Roper Technologies, Boston Scientific Corporation, MarketAxess Holdings, Fisher, Aptiv PLC, Hess Corp, Nasdaq, United Microelectronics Corp, Rockwell Automation, Teva Pharmaceutical Industries, Ltd, Avery, Avery Dennison Corp, Extreme Networks, Otis Worldwide Corporation, OTIS, Columbus, Columbus McKinnon Corp, Central Pacific Financial Corp, Brinker International, Fortive Corporation, Qualcomm, Technology, Metlife, Hanover Insurance, Barn Holdings, CONMED Corporation, DLH Holdings Corp, Meritage Homes Corporation, Honeywell International, Eaton Corp, Altria, Royal Caribbean Cruises Ltd, Merck, Co, Enterprise Products Partners, Dorian LPG, SiriusXM Holdings, Cardinal, Hannifin Corporation, Allegheny Technologies Incorporated, Tractor Supply Company, Trane Technologies, Dover Corp, Huntington Ingalls Industries, Brunswick Corporation, Dickinson, Canada Goose Holdings, Kirby Corp, WEC Energy Group, WestRock Company, Allegro MicroSystems, Ball Corporation, Broadridge Financial, BrightSphere Investment Group, CMS Energy Corp, Lancaster Colony Corp, Rogers Communications Inc, Sanofi, Apple, Atlassian Corporation, United States Steel Corp, Corp, Adtalem Global, Homes, DXC Technology Company, Eastman Chemical Company, Gen, Post Holdings, America, Columbia Sportswear Company, Exxon Mobil Corp, Chevron Corporation, Myers Squibb Co, CIGNA Corp, Regeneron Pharmaceuticals, Charter Communications, AON, Cboe, Dwight, Banco Santander, Jim Cramer's Charitable, CNBC, Apple Vision, Getty Locations: China, East, United States, Europe, Cleveland, Alexandria, California, Corning, Canadian Pacific, Teradyne, TER, Novo, Hanover, PBI, Skechers U.S.A, Bristol, Chile

☆ Amazon is poised to boost its revenue by billions with the flip of a switch
▼ + stars: | 2024-01-26 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Read previewAmazon is about to shake up the TV ad marketplace as it prepares to show ads to Prime Video viewers starting Monday. The e-commerce giant's entrance into the streaming ad wars is its latest move to grow its $38 billion ads business. Discovery, as well as YouTube, with its big connected TV ad business. An Amazon spokesperson said the company has had a "strong response from agencies" wanting their clients to be first on Prime Video. AdvertisementAnd the launch comes as most TV ad dollars have already been spoken for.

Persons: —, Morgan Stanley, it's, execs, Jon Morgenstern, Nielsen, We've, Greg Peters, Dave Campanelli Organizations: Service, Business, Comcast, Warner Bros, Netflix, Amazon, Disney, Intelligence, Amazon Prime, New, Research, Prime, Amazon Channels, streaming's, Horizon, CTV

☆ Baidu's Ernie AI chatbot to power Samsung's new Galaxy S24 smartphones
▼ + stars: | 2024-01-26 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Samsung Electronics Co. Galaxy S24 smartphones during a media preview event in Seoul, South Korea, on Monday, Jan. 15, 2024. Samsung, the world's most prolific smartphone maker, is leaning into artificial intelligence as the key to unlocking greater sales this year. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesBaidu AI Cloud will be integrating its Ernie chatbot into Samsung's Galaxy S24 smartphones, allowing users to translate calls in real time, among other features. Ernie is the Chinese tech giant's answer to OpenAI's ChatGPT, a chatbot powered by artificial intelligence technology that's able to generate humanlike responses to users' prompts. Baidu claims it is the "most powerful version of Ernie foundation model to date," with the full capabilities of understanding, generation, reasoning, and memory.

Persons: SeongJoon Cho, Ernie chatbot, Ernie, OpenAI's, Apple Organizations: Samsung Electronics Co, Samsung, Bloomberg, Getty, Baidu, Samsung's, Apple, IDC, Vivo, Huawei Locations: Seoul, South Korea, China

ORLANDO, Fla. (AP) — Disney this week requested a second delay in a state court case involving its legal battle with Gov. Ron DeSantis' appointees over who controls Walt Disney World's governing district, as the company accused them and the governor's office of stonewalling requests for documents that are part of the litigation. Political Cartoons View All 253 ImagesDisney, DeSantis and the district have taken their fight over who controls the district to state and federal courts. The district said in court papers that it had provided the appropriate documents. Earlier this month the Republican Party of Florida ousted Christian Ziegler as chairman of the state party.

Persons: Ron DeSantis, Walt, DeSantis, ” Erin O'Donnell, Disney, hasn't, hadn't, Nick Meros, Bridget Ziegler, Christian Ziegler, “ It’s, ” O'Donnell, Mike Schneider Organizations: Disney, Gov, Walt Disney, GOP, Florida Legislature, Central, Liberty, Republican Party of Florida Locations: ORLANDO, Fla, Florida, Central Florida, Sarasota

☆ Here's the message yet another bullish Wall Street call sends on this Big Tech stock
▼ + stars: | 2024-01-23 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Major Dow stock laggards were 3M and ex-Club name Johnson & Johnson , which shed roughly 10% and 2%, respectively, on underwhelming releases. Wall Street just issued another bullish call on Club stock Microsoft. 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, we'll, Dow, Johnson, Morgan Stanley, Wells Fargo, Jim, there's, Jim Cramer's Organizations: CNBC, Dow, Procter & Gamble, Verizon, Johnson, Wall, Microsoft, JPMorgan, Starbucks Locations: China, Israel, Gaza

☆ Nasdaq 100 futures rise after Netflix posts subscriber jump: Live updates
▼ + stars: | 2024-01-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The Dow Jones and S&P both hit all time highs with the Dow Jones closing over 38,000 points for the first time ever as stocks continue to rise. Futures tied to the tech-heavy Nasdaq 100 climbed Tuesday evening after Netflix reported its subscriber count reached a new record in the fourth quarter. Nasdaq 100 futures rose 0.26%, while S&P 500 futures gained 0.19%. Dow Jones Industrial Average futures inched up just 24 points, or 0.06%. Fourth quarter gross domestic product will also be released later in the week.

Persons: Dow Jones, Jamie Lumley, Dow Organizations: New York Stock Exchange, Futures, Netflix, Nasdaq, Dow Jones Industrial, Revenue, Third Locations: New York City

☆ Are companies beyond Nvidia actually profiting from AI yet? Microsoft earnings to be litmus test
▼ + stars: | 2024-01-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Microsoft earnings due out later this month could serve as the next major test for artificial intelligence as investors hunt for signs that the buzzy technological innovation is actually boosting companies' bottom lines. Nvidia has been an exception, blowing past Wall Street's guidance for the past few quarters due to AI tailwinds . The remarks led some Wall Street analysts to fret over a delayed ramp-up in AI availability. "There are going to be some outliers, but for the most part there is more risk-reward related to AI going into this earnings period." More loosely, Wall Street analysts have expressed concerns about AI monetization and expectations across the sector heading into the fourth-quarter reporting period.

Persons: Paul Meeks, Merrill Lynch, Piper Sandler, OpenAI, Amy Hood, Copilot, Micrsoft, Meeks, Amy Kong, Nancy Tengler, Gene Munster, Corient's Kong, Wolfe, Alex Zukin, Dubravko, Michael Bloom Organizations: Microsoft, Merrill, Merrill Lynch Investment, Nvidia, Wall, Baker School of Business, The, Investments, Asset Management, Munster, Wall Street, Tech Locations: OpenAI, hasn't

☆ Stocks making the biggest moves premarket: Coinbase, TKO Group, United Airlines, D.R. Horton and more
▼ + stars: | 2024-01-23 | by ( Brian Evans | ) www.cnbc.com time to read: +5 min

The company sees earnings per share ranging between 60 and 65 cents, well below an LSEG estimate of 72 cents per share. Horton — Shares of the home construction company slipped more than 5% after first-quarter earnings per share missed Wall Street estimates. Horton earned $2.82 per share, while analysts polled by LSEG expected a profit of $2.88 per share. Analysts expected earnings of 80 cents per share, according to LSEG. Analysts expected a profit of $1.24 per share on revenue of $19.7 billion.

Persons: Truist, Enphase, Goldman Sachs, Glen Santangelo, D.R, Horton —, Horton, LSEG, Halliburton, FactSet's StreetAccount, groundings, Johnson — Johnson, Johnson, RTX, CNBC's Hakyung Kim, Samantha Subin, Jesse Pound, Lisa Kailai Han, Fred Imbert Organizations: JPMorgan, General Electric, Energy, Federal, 3M, Goldman, Teva Pharmaceutical Industries, pharma, Jefferies, Logitech —, Logitech, Wall Street, United Airlines –, United Airlines, LSEG, Boeing, Max, Barstool Sports, Netflix, Johnson, Verizon, Procter, Gamble, RTX Corporation, Wall

☆ We're pleased to see P&G shares pop on solid quarterly earnings. But don't chase the rally
▼ + stars: | 2024-01-23 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Procter & Gamble shares jumped more than 4% on Tuesday following better-than-expected quarterly earnings that were released before the opening bell. PG 1Y mountain Procter & Gamble 1 year Given the consumer products giant's strong profitability and cash flow, we're reiterating our $168-per-share price target. Organic sales grew 4% in the quarter. Skip down to the Organic Sales growth, the only line time that beat was Grooming. Boxes of Crest toothpaste owned by the Procter & Gamble company are seen on a store shelf on October 20, 2020 in Miami, Florida.

Persons: Gamble, That's, Skip, Jim Cramer's, Jim Cramer, Jim, Joe Raedle Organizations: Procter, Gamble, Gillette, Citi, Management, Care, SK, CNBC, Procter & Gamble, Getty Locations: Greater China, Eastern Europe, Africa, North America, China, Miami , Florida

NEW YORK (AP) — Airbnb on Tuesday donated a total of $10 million to more than 120 nonprofits in 44 countries on six continents, the short-term rental giant's latest outlays in its unusual distribution of $100 million through its Airbnb Community Fund. “Airbnb has a 21st century company view,” said Janaye Ingram, Airbnb’s director of community partner programs and engagement. By supporting nonprofits that its hosts find valuable, Airbnb can get more funding to groups that help keep their communities strong, Ingram said. The board solicited recommendations for nonprofits from the hundreds of Airbnb Host Club leaders around the world. However, the Airbnb Community Fund is operated separately from that.

Persons: — Airbnb, “ Airbnb, ”, Janaye Ingram, Ingram, Brian Chesky, “, ‘, ” Chesky, Nadia Giordani, George Floyd, ” Giordani, “ We’re, Airbnb, ” Airbnb’s Ingram Organizations: Fund, Japanese, Dog Resource, Atlanta Habitat, Humanity, Stanford University Graduate School of Business, Airbnb Host Club, Corporate Purpose, Community Fund, Lilly Endowment Inc, AP Locations: Digify Africa, ” San Francisco, Airbnb, New York City, Atlanta, Minneapolis

☆ Don't drop your Apple Vision Pro. Repairs can cost up to $2,399.
▼ + stars: | 2024-01-22 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Repairs to the Apple Vision Pro will be expensive. Without the company's AppleCare+ insurance policy, fixes can cost up to $2,399. AdvertisementApple Vision Pro repairs could get pricey. Apple Vision Pro repairs could get expensive without an insurance policy. AppleEven with the AppleCare+ policy — which costs $499 for two years of coverage or $24.99 per month — the repairs would cost about $299, according to Apple.

Persons: —, you'll, preorders, Tim Cook Organizations: Apple Vision, Service, Vision, Apple, Pro, Apple Watch

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