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We took advantage of the hot streak in stocks, making small sales throughout the month. NVDA YTD mountain Nvidia (NVDA) year-to-date performance 1. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance 2. META YTD mountain Meta Platforms year-to-date performance 3. CRM YTD mountain Salesforce (CRM) year-to-date performance 4.
Persons: Jerome Powell, Mark Zuckerberg, Jim Cramer, Palo, Cowen, Salesforce, Eli Lilly, LLY, Jefferies, David Ricks, Jim Cramer's, Jim, Brendan Mcdermid Organizations: Dow, Nasdaq, Big Tech, Club, Federal Reserve, Nvidia, Meta, Palo Alto Networks, Microsoft, JPMorgan, Palo, Facebook, CNBC, Traders, New York Stock Exchange Locations: Palo, New York City, U.S
Clorox – The consumer products giant saw a huge earnings beat. "Things are back online, and there's tremendous demand for their product," Jim said Friday's Morning Meeting rapid fire. Bristol-Myers Squibb – The drugmaker's shares were up after an earnings beat and a higher-than-expected 2024 outlook. "A five-year plan on Bristol Myers," Jim said, unless the company can get more drugs to work out. Jim said, "If you have to own oil, we like Coterra " and own it for the Club.
Persons: Clorox, It's, Jim, Tesla, Elon Musk, Myers Squibb, Bristol Myers, Eli Lilly, they'll Organizations: Myers, CNBC, Exxon, Chevron, Club Locations: Bristol
Amazon — The e-commerce giant popped nearly 7% a day after posting an earnings and revenue beat . Revenue came in at $1.56 billion, topping the consensus estimate of $1.45 billion. The company reported $2.48 earnings per share, while analysts polled by LSEG had expected $2.21 per share. Analysts polled by LSEG expected guidance of $8.9 billion in revenue and earnings of $4.18 per share this year. Cinga also raised its full-year revenue outlook to at least $235 billion, topping the consensus estimate of $228.65 billion, per StreetAccount.
Persons: Amazon's, LSEG, Skechers, , Clorox, Cigna, Cinga, Mattel, Hakyung Kim, Sarah Min, Jesse Pound Organizations: LSEG, Revenue, Myers, Chevron, LSEG . Revenue, Exxon Mobil —, Apple —, Apple, Technology, Journal, Barington, Mattel, Citi, Sea Limited Locations: Bristol, China
Elon Musk wants Tesla investors to decide on moving the company's corporate listing to Texas after a Delaware court decided he shouldn't get a multibillion-dollar pay package. The electric car company's CEO said early Thursday that Tesla would get shareholders to vote on whether to switch its corporate registration to Texas, where its physical headquarters is located. “Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas,” Musk wrote on his social media platform X, formerly known as Twitter. Musk had polled X users earlier on the same question, with 87.1% of 1.1 million respondents voting yes. “The public vote is unequivocally in favor of Texas!” he wrote.
Persons: Elon, Tesla, ” Musk, Musk, , Organizations: Twitter Locations: Texas, Delaware, Nevada
Asset manager Impax has debuted a new socially responsible investing strategy, allowing investors to support companies with a track record of employee satisfaction. "The market typically ignores culture," said Fairbanks, who worked in sustainable investing for more than a decade before joining Impax. This strategy has evolved into the Impax Global Social Leaders Fund (IGSLX) launched late last year. To rank companies, Impax found relevant data from third-party sources before diving into fundamental research. A look inside the fund There are some stocks in the fund that Fairbanks sees as particularly exemplary of the broader strategy.
Persons: Impax, Amber Fairbanks, Fairbanks, it's Organizations: Impax, Social Leaders Fund, It's, Harbor Capital Advisors, Fairbanks, Nvidia Locations: MSCI
Thursday, Feb. 1, 2024: We're buying more of this industrial stock following its post-earnings fallJim Cramer and Jeff Marks of the CNBC Investing Club break down why investors need to own this technology company after reporting earnings. They also discuss why this tool maker's stock is a play on the Fed cutting rates. Finally, they take a look at other key earnings to watch for this season.
Persons: Jim Cramer, Jeff Marks Organizations: CNBC
Stanley Black & Decker reported mixed fourth-quarter results Thursday but beat expectations on the metrics that matter most to our investment thesis — evidence the toolmaker's turnaround strategy is working to plan. Bottom line The roughly 4% decline in Stanley Black & Decker is overdone, giving investors a chance to buy a stock that is poised to benefit from the Federal Reserve likely lowering interest rates later this year . "I would take action on Stanley Black & Decker," Jim Cramer said Thursday. Guidance Stanley Black & Decker expects organic revenue in 2024 to be approximately unchanged year over year at this midpoint of its guidance. A worker assembles steel tool chests at a Stanley Black & Decker Inc. Craftsman Tools manufacturing facility in Sedalia, Missouri, U.S., on Tuesday, July 17, 2018.
Persons: Stanley Black, Decker, Jim Cramer, Stanley, Patrick Hallinan, Hallinan, Jim Cramer's, Jim Organizations: Revenue, LSEG, Federal, Stanley, Management, Wall Street, FactSet, Industrial, Stanley Infrastructure, Epiroc, Mizuho Securities, CNBC, Decker Inc, Tools, Bloomberg, Getty Locations: Sedalia , Missouri, U.S
SpaceX, X (formerly known as Twitter), and Tesla CEO Elon Musk speaks during live interview with Ben Shapiro at the symposium on fighting antisemitism on January 22, 2024 in Krakow, Poland. Elon Musk said late Wednesday that Tesla will hold a shareholder vote on whether to transfer the electric carmaker's state of incorporation to Texas. After the poll, Musk said Tesla will "will move immediately to hold a shareholder vote to transfer state of incorporation to Texas." Musk will likely have to seek approval from the Tesla board to enact such a move. "Never incorporate your company in the state of Delaware," Musk posted on X this week.
Persons: Elon Musk, Ben Shapiro, Tesla, Musk, Musk's, Chancellor Kathaleen McCormick Organizations: SpaceX, Tesla, Musk Locations: Krakow, Poland, Texas, Delaware
Analyst Oliver Chen also maintained his buy rating for Ulta stock, simultaneously lifting his price target to $580 from $570. Deutsche Bank: Reiterate buy rating and $450 price target, implying 10% upside. Kallo's price target of $300 implies that Tesla stock could rally more than 56% from its Tuesday closing price. Citi analyst Christopher Danely also stood by his buy rating on the stock while lifting his price target to $192 from $136. Analyst Jeffrey Adelson downgraded the company to underweight from equal weight and cut his price target to $6.50 from $7.
Persons: Morgan Stanley, TD Cowen, Ulta, Oliver Chen, ULTA, Chen, — Lisa Kailai Han, Goldman Sachs, Kash Rangan, Baird, Tesla, Ben Kallo, Elon Musk's, Toshiya Hari, Hari, Christopher Danely, Vivek Arya, Danely, Arya, Harlan Sur, Kannan Venkateshwar, Venkateshwar, Eric Sheridan, Sheridan, Justin Post, Ross Sandler, Sandler, Ronald Josey, Josey, Morgan Stanley downgrades, Jeffrey Adelson, Adelson, SOFI, SoFi, Fred Imbert Organizations: CNBC, Google, Microsoft, SoFi Technologies, Deutsche Bank, Citi, Barclays, Tesla, Devices, Wall Street, AMD, Bank of America, Barclays downgrades Verizon Barclays, Verizon, Venkateshwar, Bulls, Morgan Stanley downgrades SoFi Locations: Ulta
Boeing on Wednesday is set to report fourth-quarter results and answer to investors eager to hear how a midair blowout on one of the plane maker's new 737 Max 9s could reverberate through the aviation industry in the months, if not years, ahead. The effect of that accident and subsequent fallout won't be felt in Wednesday's earnings results but will likely be mentioned in Boeing's outlook. Federal investigators are examining whether the door plug was improperly installed before the Max 9 plane was handed off to Alaska Airlines late last year. The Boeing 737 Max is the company's best-selling plane. The company had the first of several production stand-downs last week to discuss with workers manufacturing problems and other potential improvements to Boeing's processes.
Persons: Max, Dave Calhoun, Calhoun Organizations: Boeing, LSEG, Alaska Airlines, company's, Airbus, Federal Aviation Administration, Max, Capitol Locations: Alaska, Portland , Oregon
A judge just voided Elon Musk's $55 billion Tesla pay package. The ruling, which Tesla can appeal, threatens Musk's spot as the richest person in the world. AdvertisementElon Musk's wealth is facing a potential financial hit after a Delaware judge struck down the billionaire's $55 billion Tesla pay package on Tuesday, voiding the record-setting executive compensation plan. Without the $51.1 billion compensation plan, Musk's net worth would drop to roughly $154 billion, knocking him down several notches on the current list of the world's richest people, Bloomberg reported. His pay package centers around 304 million stock options in 12 tranches tied to a series of goalposts around the carmaker's financial growth, BI previously reported.
Persons: Tesla, , Elon, Musk, Jeff Bezos, He's, Bernard Arnault, tranches, Richard Tornetta, Greg Varallo, Delaware — Elon, Angela Reddock, Wright, Cynthia Augello, Joshua Tyler White, they're, They've Organizations: Elon Musk's, Bloomberg, Service, New York Times, SEC, Vanderbilt Locations: Delaware, French, Los Angeles, New York, China
US lawmakers grilled CEOs from tech giants on their platform's online safety practices. Senators appeared to be bullish on whether the tech CEOs support their proposed laws. AdvertisementUS lawmakers grilled tech CEOs about their companies' online safety practices during this week's Senate Judiciary Committee hearing on online child sexual exploitation. During the hearing, which kicked off on Wednesday, US lawmakers were seen interrogating CEOs at tech giants like Meta, TikTok, and X on how they run their platforms and keep them safe. Advertisement"I hope you hear what is being offered to you and are prepared to step up and do better," Butler told the Meta CEO.
Persons: , Sen, Lindsey Graham, there's, Graham, X's Linda Yaccarino, Snapchat's Evan Spiegel, , Ted Cruz, Mark Zuckerberg, Zuckerberg, Cruz, – Zuckerberg, Shou Zi Chew, ByteDance, Chew, Cruz didn't, Tom Cotton, Richard Blumenthal, Blumenthal, California Sen, Laphonza Butler, Meta, Butler Organizations: Service, Meta, Chinese Communist Party Locations: China, Connecticut, California
Mondelez CEO: Consumers feel 'much better' about the economy
  + stars: | 2024-01-31 | 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 EmailMondelez CEO: Consumers feel 'much better' about the economyDirk Van de Put, Mondelez CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, the snack maker's business slowdown, and whether the consumer has begun to push back against prices.
Persons: Dirk Van de Organizations: Mondelez
Nvidia's blowout performance last year has helped cement the firm as a rising star in corporate venturing, with the chipmaker's startup investments having nearly tripled in 2023, S&P Global reported on Tuesday. Pullbacks also extend to other firms that are historically leaders in corporate venturing, such as SoftBank Group and Tencent Holdings. The total value of rounds surpasses $5 billion, S&P Global cited. The firm's 2022 termination of a deal to acquire Arm Holdings suggests that bigger M&A deals are off the table, S&P Global said. For 2024, the chipmaker doesn't seem to be slowing down; its already announced three startup investments, S&P Global said.
Persons: Pullbacks, Nvidia's Organizations: P Global, Microsoft, Facebook, Business, SoftBank, Tencent Holdings, IBM, Amazon, Nvidia, Arm Holdings, Healthcare
Tesla removed language around its minority workers and employee groups in a recent legal filing. The carmaker ditched the references shortly after Elon Musk spoke out against DEI. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe 2022 filing also cited outreach to Historically Black Colleges and Universities and Hispanic Serving Institutions to sponsoring employee resource groups across numerous locations, including Asian Pacific Islanders at Tesla, Black at Tesla, Intersectionality, Latinos at Tesla, LGBTQ at Tesla, Veterans at Tesla, and Women in Tesla. Tesla's decision to omit any references to minority workers and employee resource groups comes only a few weeks after its CEO took to social media to criticize DEI.
Persons: Tesla, Elon Musk, , Mark Cuban, Musk, it's Organizations: Elon, Service, Bloomberg, Black Colleges, Universities, Asian Pacific Islanders, Intersectionality, Tesla, DEI, Employment Opportunity, Fremont Locations: Tesla, Fremont, California
Super Micro makes computer servers for data centers, competing with the likes of Dell and Hewlett-Packard Enterprise . SMCI 1Y mountain Super Micro Computer 1 year Shares of Super Micro were on pace for a record close Tuesday, jumping 4%, to nearly $515 each — pushing year-to-date gains to roughly 80%. Still, the magnitude of Super Micro stock move Tuesday, compared to the size of the forecast revision, is a sign that investor expectations had already accounted for most of this good news. "I don't know whether [Super Micro] is Mercury or Venus, but I will tell you it ain't Pluto." Super Micro said it continued to see record demand for AI systems in its second quarter.
Persons: , Jim Cramer, Thursday's, preannounced, Jim Cramer's, Jim, Tyrone Siu Organizations: chipmaker, Dell, Hewlett, Packard, Devices, Intel, Nvidia, AMD, Computer, Micro, Microsoft, Super Micro, Wall, Taiwan Semiconductor Manufacturing Company, CNBC, Nvidia Corporation Locations: San Jose , California, Taipei, Taiwan
A Delaware judge ruled against Elon Musk's $55 billion Tesla compensation package. In 2018, a Tesla shareholder sued Tesla and Musk over the pay plan. A Delaware judge ruled to strike down Musk's $55 billion Tesla compensation package on Tuesday, siding with a shareholder who had argued in a lawsuit that the CEO's pay plan was over the top. Tesla shareholder Richard Tornetta sued Tesla and Musk over the massive pay plan in 2018, arguing that it was "beyond the bounds of reasonable judgment." Meanwhile, Tesla argued that the pay was necessary to maintain Musk's focus on Tesla and that shareholders like Tornetta have benefited from Musk's leadership.
Persons: Tesla, , Elon Musk, Musk, Kathleen St, J, McCormick, Richard Tornetta Organizations: Elon Musk's, Service, Tesla's, Tornetta, Bloomberg, Tesla Locations: Delaware
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
TOKYO (AP) — Japanese transport officials raided a Toyota-affiliated plant Tuesday after the company admitted to cheating on engine testing, as Toyota Motor Corp. reported it sold over 11 million vehicles in 2023 to retain its status as the world’s top car manufacturer. In April, a whistleblower exposed that Daihatsu Motor Corp., which makes small cars and is 100% owned by Toyota, had been cheating on its testing for decades. In 2022, Hino Motors, a truck maker that’s also part of the Toyota group, said it had systematically falsified emissions data dating back as far as 2003. But production has been halted on some of the models, including the 10 models affected by the latest cheating. Sato has acknowledged Toyota group companies need better communication and education about the importance of complying with rules.
Persons: Akio Toyoda, ” Toyoda, Toyoda, Sakichi Toyoda, Kiichiro Toyoda, Akio’s, Koji Sato, that’s, Sato, Daisuke Uchida, ” Uchida, , ” ___ Yuri Kageyama Organizations: TOKYO, Toyota, Toyota Motor Corp, Toyota Industries Corp, Lexus, Volkswagen AG, Reporters, Daihatsu Motor Corp, Hino Motors, Nikkei, Toyota Industries, Cruiser, General Motors Co, Pontiac, Keio University Locations: Hekinan, Aichi Prefecture, Japan, Nagoya, Tokyo, Europe, East, Africa, Asia, North America, United States, California
DETROIT – General Motors is changing its product lineup strategy to include plug-in hybrid electric vehicles, CEO Mary Barra told investors Tuesday. More companies are reconsidering the viability of hybrid vehicles to appease consumer demand and avoid costly penalties related to those federal fuel economy and emissions standards. Most of GM's main competitors offer traditional hybrids as well as plug-in hybrid electric vehicles. The only hybrid GM currently offers in the U.S. is a traditional hybrid version of the Chevrolet Corvette. GM led the way for plug-in electric vehicles with the Chevrolet Volt during the 2010s.
Persons: Mary Barra, Barra, Biden Organizations: Motors, DETROIT –, GM, Chevrolet Corvette, Chevrolet Locations: Detroit , Michigan, DETROIT, North America, China, U.S
Rep. Cori Bush, D-Mo., a key progressive and former Black Lives Matter organizer, is being investigated by the Justice Department for her campaign's spending on security services, she confirmed in a statement Tuesday. As a rank-and-file member of Congress I am not entitled to personal protection by the House, and instead have used campaign funds as permissible to retain security services," Bush continued in her statement. "I have not used any federal tax dollars for personal security services. Any reporting that I have used federal funds for personal security is simply false." Asked about Bush at a leadership news conference, House Democratic Caucus Chair Pete Aguilar, D-Calif., said Tuesday he had no comment and called it "something for the Justice Department."
Persons: Cori Bush, Bush, Louis, Lacy Clay, Cortney Merritts, Susan Cole, William McFarland, I, Cole, Pete Aguilar, Aguilar Organizations: U.S, Capitol, Justice Department, House, DOJ, PunchBowl News, Democratic, Louis Post, Dispatch, Conservative, Federal, Commission, U.S . Department of Justice, Republican, House Democratic Locations: Washington , U.S
AdvertisementLast summer, a drone captured footage of a ghostly white shark near the coast of Santa Barbara, California. It turned out to be an extremely rare sighting of a baby white shark, and its appearance could help scientists solve some big mysteries. A strange white colorDespite their name, white sharks are usually gray and white. AdvertisementPregnant white sharks produce the yellowish fluid, uterine milk, to provide nutrition for the developing embryo. "Observations of free-swimming newborn white sharks are extremely rare," Tobey Curtis, a National Oceanic and Atmospheric Administration shark scientist who didn't participate in the research, told Science.
Persons: , Carlos Gauna, Phillip Sternes, Sternes, Tobey Curtis, Curtis Organizations: Service, University of California, Administration, Science Locations: California, Santa Barbara , California, Riverside
Read previewEarlier this month, Chinese startup XReal unveiled the Air 2 Ultra, the company's latest augmented reality glasses that blend a virtual world with the user's physical surroundings. The startup says they'll be an "affordable alternative" to rivals like the Apple Vision Pro. Unlike Apple's Vision Pro, Xu says XReal has no intentions to build a fully immersive virtual reality feature into its glasses. Yet, when it comes to its AR capabilities, Xu says his company's is half a decade ahead of Apple's. "I think we're three to five years ahead of them in AR," Chi said in regards to Apple.
Persons: , Chi Xu, XReal, Xu didn't, Xu, Chi Organizations: Service, Business, pricier, XReal's, Apple Vision, Air, Meta, Bloomberg, Amazon, Apple, Apple's, IDC Locations: Apple's
Some Wall Street firms are sounding the alarm on Apple heading into the iPhone maker's earnings after the bell Thursday. Some analysts are bracing for soft iPhone numbers and a potential guide down in March's forecast. AAPL YTD mountain Apple shares year to date Apple's earnings report comes as the technology giant lags its mega-cap peers and the overall market. Apple shares are flat on the year, while the S & P 500 is up 2.5% in that time. Despite these fears, the firm remains bullish on the stock over the long run, sticking with its buy rating.
Persons: Tim Long, Tesla, Long, David Vogt, Apple, William Power, Baird Organizations: Barclays, Apple, UBS, Mar Locations: China
Celebrities who died in 2024
  + stars: | 2024-01-29 | by ( Jason Guerrasio | ) www.businessinsider.com   time to read: 1 min
Norman Jewison, 97Norman Jewison. Doug Griffin/Toronto Star/GettyThe legendary director was best known for his eclectic filmography that included the drama "In the Heat of the Night," the musical "Fiddler of the Roof," and the beloved comedy "Moonstruck," all of which garnered him best director nominations at the Oscars. The Canadian filmmaker's specialty was getting top-notch performances out of A-list actors like Steve McQueen ("The Thomas Crown Affair") and Denzel Washington ("The Hurricane"). Twelve actors received nominations over his 40-year career, with five of his movies earning best picture noms. Jewison died on January 20.
Persons: Norman Jewison, Doug Griffin, Getty, Steve McQueen, Thomas, Denzel Washington, Oscar, Jewison Organizations: Toronto Star, Denzel
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