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☆ Top Wall Street analysts like these dividend-paying stocks
▼ + stars: | 2024-11-10 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

To select the right dividend stocks, investors can consider the recommendations of top Wall Street analysts, who have a strong track record and provide useful insights based on a thorough analysis of a company's fundamentals. Here are three dividend-paying stocks, highlighted by Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. Scotto highlighted EPD's robust backlog of organic growth projects, with notable projects expected to come online next year and fuel the company's growth. International Business MachinesWe move to the next dividend stock, IBM (IBM). In Q3, IBM generated free cash flow of $2.1 billion and returned $1.5 billion to shareholders through dividends.

Persons: Donald Trump, Wall, EPD, Elvira Scotto, Scotto, TipRanks, Amit Daryanani, Daryanani, Arvind Krishna, ARCC, Kenneth Lee, ARCC's, Lee Organizations: Wall Street, Enterprise Products, Enterprise Products Partners, RBC Capital, Machines, IBM, Consulting, Software, IBM's Software, Hat, Ares, Ares Capital Locations: TipRanks

☆ Gen Z is reimagining the iconic 70s brand L'eggs
▼ + stars: | 2024-11-09 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +6 min

American pantyhose brand L'eggs is staging a comeback. Téllez said L'eggs is modernizing for Gen Z shoppers with partnerships and social media campaigns. AdvertisementMore than half a century after L'eggs became a household name, the American hosiery brand is stepping into a new era. Related Video Why the retail industry has its eye on Gen ZCami Téllez founded Parade before becoming executive creative director for L'eggs. One of the ways L'eggs plans to do that is by engaging Gen Z and Gen Alpha on social media.

Persons: Cami Téllez, Téllez, —, L'eggs, Gen Z, it's, Hanes, L'eggs —, Kim Kardashian's SKIMS, Bill Sweedler, Windsong, we'll, we're Organizations: Service, Business, L'eggs, SEC, Windsong Global, Alpha Locations: L'eggs

☆ Inflation data will be key hurdle to get through next week after stock market's historic postelection rally
▼ + stars: | 2024-11-08 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Inflation data in the week ahead could determine whether a stock market that surged to all-time highs after Donald Trump 's decisive victory can continue to push higher. Meanwhile, the October producer price index, which excludes shelter, is set to have risen 0.3%, consensus estimates show, up from a 0.0% reading the prior month. Initial Claims (11/09) 8:30 a.m. Producer Price Index (October) Earnings: Applied Materials , Walt Disney Friday, Nov. 15 8:30 a.m. Export Price Index (October) 8:30 a.m. Import Price Index (October) 8:30 a.m.

Persons: Donald Trump, Hogan, We've, Nancy Tengler, Bitcoin, Harker, Tyson, Price Organizations: Federal Reserve, Riley Wealth Management, FactSet, Laffer, Investments, Trump, Dow Jones, Nasdaq, Atlanta Fed, Treasury, Philadelphia Reserve, Carnegie Mellon, Occidental Petroleum, Nation Entertainment, Tyson Foods, Mosaic, Treasury Budget NSA, Cisco Systems, Walt Disney, Price, Retail, Manufacturing Locations: China, U.S

☆ From coffee beans to milk, this Singapore-based startup uses AI to determine ingredient quality
▼ + stars: | 2024-11-07 | by ( Shafi Musaddique | ) www.cnbc.com time to read: +3 min

Using its patented digital fingerprint technology, ProfilePrint can rapidly analyze the identity and quality of ingredients, helping agribusinesses save money and time. The problem, he explained, is a system of multiple rounds of physical food samples exchanged between buyer and sellers, replicated across "every part of the supply chain." Machine learning means the technology analyzes food samples at a molecular level and recognizes food quality within seconds. As well predicting the quality and flavor profiles, the company's ingredient quality platform can offer their client various options when it comes to balancing quality with price. Profile Print is not alone within the still embryonic pool of food quality and AI startups.

Persons: Alan Lai, Lai Organizations: CNBC Tech, Traders Locations: Singapore, California

☆ Elon Musk went all-in on Pennsylvania — and his expensive effort paid off big time
▼ + stars: | 2024-11-07 | by ( Alice Tecotzky | Brent D. Griffiths | ) www.businessinsider.com time to read: +9 min

Beyond appearing beside Trump, Musk hosted his own events in Pennsylvania. AdvertisementMuch of Musk's work in Pennsylvania happened through the super PAC he created, America PAC. Musk, the Trump campaign, and the Harris campaign did not respond to requests for comment for this article. Jeff Swensen/Getty ImagesBut Charlie Gerow, a Republican strategist in Pennsylvania, told BI on Wednesday that Musk's positive effort was undoubtedly felt on the ground. America PAC didn't just rely on traditional door-knocking — it also turned to novel methods, including some that landed the group in legal jeopardy.

Persons: Elon, Trump, —, Elon Musk, Donald Trump, Musk, JIM WATSON, Tom Eddy, he's, Eddy, Harris, Chris Young, Daniel Fee, Jeff Swensen, Charlie Gerow, America PAC's, Patricia Poprik, Christian Nascimento, John Dreher, Samuel Corum, Donald Green, Green, I'm, Lucky Organizations: PAC, Service, Pennsylvania, Keystone State, Trump, Keystone, Getty, Erie County Republican, America PAC, Federal, Commission, New York Times, Republican, America, Democratic, Business, Times, Bucks County Republican, Montgomery County Republican, of Justice, Philadelphia District, Columbia University, White, Electoral Locations: Pennsylvania, Butler County ,, Pittsburgh, Butler , PA, Erie County, America, Bucks County, Montgomery County, Harrisburg , PA

☆ Trump victory deals latest severe blow to a struggling Germany
▼ + stars: | 2024-11-07 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Krisztian Bocsi | Bloomberg | Getty ImagesDonald Trump's election as U.S. President could mark yet another major blow for the struggling German economy. The print came after the German economy ministry in October said it was now expecting the country's economy will contract, rather than grow this year. Trump's victory could make matters worse. Reliance on exportsThe German economy is heavily reliant on exports — and Trump is set to slap tariffs and other restrictions on imports. The German statistics office Destatis last month said that the U.S.' importance as a trading partner for Germany has been growing.

Persons: Olaf Scholz, Germany's, Krisztian Bocsi, Donald Trump's, Moritz Schularick, Trump, Schularick, ifo, Morningstar DBRS, Lisandra Flach Organizations: Bloomberg, Getty, PMI, P Global, Hamburg Commercial Bank, Kiel Institute, Trump, Reliance, China, Beijing, Destatis, ifo Center, International Economics, European Union, EU Locations: Berlin, Germany, Federal Republic of Germany, Europe, U.S

☆ Singapore startup Profile Print uses AI to check ingredient quality
▼ + stars: | 2024-11-06 | by ( ) www.cnbc.com time to read: +1 min

You can typically imagine a two to three round process between a buyer and a seller," Profile Print founder and CEO Alan Lai told "CNBC Tech: The Edge." "Profile Print digitalizes food ingredients, so that buyers and sellers no longer need to ship samples physically," Lai added. Using its patented digital fingerprint technology, Profile Print quickly analyzes the identity and quality of ingredients. In 2024, Profile Print signed agreements with Brazil's two largest coffee manufacturers, as well as Instituto CNA, a government-backed institution representing Brazil's agricultural sectors. Watch Alan Lai demonstrate Profile Print's technology in the video above.

Persons: Alan Lai, Lai Organizations: CNBC Tech, Instituto CNA Locations: Singapore

☆ The 4 biggest mistakes people make during open enrollment—and how to avoid them
▼ + stars: | 2024-11-06 | by ( Jennifer Liu | ) www.cnbc.com time to read: +5 min

Here, Feinberg shares the biggest mistakes he often sees people make with their health coverage during open enrollment, and how to avoid them. Waiting until the last minuteThe worst thing you can do during open enrollment season is procrastinate on researching your options, Feinberg says. Your open enrollment period will depend on where you get your health coverage. Instead, it's important to think through your specific health needs and the needs of any dependents or partners on your plan. Paired with a health savings account, or HSA, the option can provide some of the most flexibility in health insurance coverage, he adds.

Persons: they've, David Feinberg, Feinberg, that's, That's Organizations: Justworks, Medicare Locations: millennials, Justworks, Jan, New York City

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Nike, Ferrari, Amazon, Instacart, Spotify & more
▼ + stars: | 2024-11-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Nvidia as buy Goldman said the stock is best positioned ahead of earnings later this month. JPMorgan upgrades Yum China to overweight from neutral JPMorgan upgraded the China operator of brands like KFC following earnings. Wedbush reiterates Tesla as outperform The firm said the EV maker is a big winner of a Trump presidency. Deutsche Bank reiterates Spotify as buy Deutsche said it's bullish heading into the streaming company's earnings report on November 12. JPMorgan downgrades Super Micro to underweight from neutral JPMorgan downgraded the stock following earnings citing too much regulatory uncertainty.

Persons: Bernstein, Apple, Goldman Sachs, Goldman, YUMC, Wedbush, Tesla, Trump, Jefferies, Raymond James, it's, Wells, BURL, Oppenheimer, TD Cowen downgrades Brown, Forman, Cowen, Needham, revs, Ferrari, it's bullish, Mizuho, Monness Crespi Hardt, Snowflake Organizations: Nvidia, JPMorgan, KFC, Trump, Ryman Hospitality, Citi, GE Healthcare, General Electric, Barclays, Tencent, Entertainment, Deutsche Bank, Spotify, Deutsche, Nike, Burlington, GAP, Super Micro, Services, UBS, Ferrari, Data Center, 2027E, Bank of America, of America Locations: China, 2Q24, Snowflake

CNN —The defense for Richard Allen, the man accused of killing two teenagers in Delphi, Indiana, in 2017, rested its case Wednesday after several days of calling witnesses, including a cell phone forensic expert and a psychiatrist, according to CNN affiliate WTHR. He has pleaded not guilty to four charges, including two counts of murder and two counts of felony murder, court records show. Liberty "Libby" German and Abigail "Abby Williams were found dead after going on a hike in February 2017 in Delphi, Indiana. FBIOn Tuesday, a cell phone forensic expert testified that data from Libby’s cell phone shows someone inserted a headphones cord into the phone on the night the girls went missing and then removed it five hours later, according to WTHR. Over the years, authorities released sketches and portions of a video recorded on Libby’s cell phone in hopes of finding a suspect.

Persons: Richard Allen, Allen, Liberty “ Libby, Abigail “ Abby ” Williams, “, Abby, Libby, ” Allen, Abigail, Abby Williams, WTHR, Kohr, Monica Wala, Wala Organizations: CNN, WTHR, Associated Press, FBI, Indiana State Police, WLFI, WRTV, Westville Correctional Locations: Delphi , Indiana, Delphi, Indianapolis, ”, Westville

Saudi state oil giant Aramco reported a 15.4% drop in net profit in the third-quarter on the back of "lower crude oil prices and weakening refining margins," but maintained a 31.05 billion dividend. The company reported net income of $27.56 billion in the July-September period, topping a company-provided estimate of $26.9 billion. The print is also a 5% drop from the previous quarter, which came in at $29.1 billion, as lower global oil prices, weaker demand and prolonged OPEC+ production cuts led by Saudi Arabia continue to impact crude prices. Earnings before Interest and Taxes (EBIT) came in at $51.45 billion in the third quarter, down 17% year-on-year. The earnings align with a broader trend across oil majors, whose third-quarter profits have also suffered from declines in crude prices and refining margins.

Organizations: Aramco, Al Locations: Saudi, Saudi Arabia, Al Rajhi, OPEC

☆ You will pay for Donald Trump’s across-the-board tariffs if he’s reelected. Here’s proof
▼ + stars: | 2024-11-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

How much and how fast is hard to know, but you can bet your bottom dollar you’ll be needing more dollars to pay for everyday goods if Trump’s sweeping tariffs are put in place. “If we get tariffs, we will pass those tariff costs back to the consumer,” said Philip Daniele, CEO of AutoZone, on an earnings call in September. But several studies conclude that the cost of those tariffs were borne almost entirely by American consumers and businesses. The most generous interpretation of Trump’s tariff plan would be that he’s trying to force US businesses to move their overseas operations back on US soil, creating jobs. Even if tariffs could undo decades of globalization, it likely wouldn’t have the effect Trump is hoping for.

Persons: ”, Philip Daniele, AutoZone, Daniele, it’s, we’ve, he’s, Trump, Timothy Boyle, Boyle, we’re, It’s Organizations: New, New York CNN, US Treasury, Peterson Institute for International Economics, Columbia, Washington Post, Trump, Associated Press, AP, Trump -, Walmart, Target, aren’t Locations: New York, China, Beijing, United States

☆ Scharf Investments: U.S. economy "much stronger than we all thought"
▼ + stars: | 2024-11-04 | 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 EmailScharf Investments: U.S. economy "much stronger than we all thought"Eric Lynch from Scharf Investments discusses the U.S. Q3 GDP print, saying that it indicates a better than expected economic performance which could be a swing factor in the upcoming election.

Persons: Scharf, Eric Lynch Organizations: Scharf Investments

☆ Voting systems: How we know the election is secure
▼ + stars: | 2024-11-04 | by ( Zachary Wolf | ) edition.cnn.com time to read: +14 min

Musk has used X to spread unfounded allegations about voting systems, laying groundwork to question the election before it happens. To better understand the security of US voting systems and why there’s no indication that they’re not secure, I talked to CNN’s Zachary Cohen, who covers national security, and Sean Lyngaas, who covers cybersecurity. There are three large election equipment vendors in the US: Dominion; ES&S, or Election Systems and Software; and Hart InterCivic. Dominion Voting Systems ballot-counting machines are lined up at a Torrance County warehouse during testing of election equipment with local candidates and partisan officers in Estancia, New Mexico, on September 29, 2022. COHEN: We know people, these pro-Trump operatives and lawyers, have already gotten access to election software – voting software, voting systems in Georgia, copied the entire election database from several counties.

Persons: Donald Trump, Elon Musk, Trump, ”, CNN’s Zachary Cohen, Sean Lyngaas, Hart InterCivic, Andres Leighton, COHEN, we’ve, Sean, We’ve, there’s, Hart, they’ll, It’s, Elon, Kamala Harris, Doug Logan, Joe, Biden, Stephen Richer, Richer, that’s, hasn’t, they’re, Tina Peters, it’s Organizations: CNN, Dominion, Fox News, Software, Federal, Trump, Idaho National Labs, Department of Energy, Arizona, Team Trump Locations: Pennsylvania, Torrance County, Estancia , New Mexico, County ( Georgia, Coffee, Mesa County , Colorado, Michigan, Georgia, Idaho, Maricopa, Maricopa County , Arizona, Colorado

In late-September reports, strategists at J.P. Morgan and Fitch Ratings had predicted two additional interest rate trims by the end of 2024 and expect such reductions to continue into 2025. The CME Group's FedWatch tool puts the probability of a 25-basis-point cut at this week's November meeting at 98%. The current probability of the benchmark rate being taken down by another 25 basis points at the December meeting is 78%. "The end of financial repression, of zero interest rates and zero inflation, that era is over. Interest rates will be higher, will be challenged around the world.

Persons: Brendan McDermid, Saudi Arabia —, aren't, Morgan, CNBC's Sara Eisen —, Goldman Sachs, Carlyle, Morgan Stanley, Jenny Johnson, Franklin Templeton, Larry Fink, " Fink, David Solomon, Ted Pick, Pick, Francis Fukuyama Organizations: New York Stock Exchange, Reuters, Wall, Federal Reserve, Fed, Fitch, Saudi, Future Investment Initiative, Standard Chartered, CNBC, U.S . Bureau of Labor Statistics Locations: Reuters RIYADH, Saudi Arabia, U.S, BlackRock

☆ Top Wall Street analysts are confident about the long-term potential of these 3 stocks
▼ + stars: | 2024-11-03 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Top Wall Street analysts closely follow the key details of a company's quarterly results. (See Fiserv Financials on TipRanks)Boot BarnWe now move to Boot Barn (BOOT), a retailer of western and work-related footwear, apparel and accessories. Despite the beat-and-raise quarter, BOOT stock plunged as investors reacted unfavorably to the company's announcement about the planned departure of CEO Jim Conroy in November. Following the print, Baird analyst Jonathan Komp upgraded his rating for Boot Barn stock to buy from hold, while maintaining the price target at $167. (See Boot Barn Stock Charts on TipRanks)Chipotle Mexican GrillFinally, let's look at this week's third stock, restaurant chain Chipotle (CMG).

Persons: Ivan Feinseth, Feinseth, TipRanks, Jim Conroy, Conroy, Baird, Jonathan Komp, Komp, Chris O'Cull, O'Cull Organizations: Manhattan , New York City . Tech, Wall Street, Tigress, FI, Ross Stores Locations: Manhattan , New York City

☆ We're hiking our price target on an industrial whose earnings benefit from AI data center boom
▼ + stars: | 2024-10-31 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Electrical components and power systems company Eaton delivered mixed third-quarter results Thursday morning, and its stock paid the price. Eaton management raised its full-year guidance for both operating margin and earnings per share (EPS). However, we're increasing our price target to $375 per share from $350, implying over 9% upside from Wednesday's close. 2025 outlook Looking to next year, management didn't provide formal sales or earnings guidance, but they did provide growth assumptions for the company's key end markets. Industrial facilities (12% of sales), defense aerospace (6% of sales), and commercial and institutional (20% of sales) are expected to realize "modest growth."

Persons: Eaton, it's, we've, Oliveri Leonetti, Parker, wouldn't, Craig Arnold, Jefferies, Jim Cramer's, Jim Cramer, Jim Organizations: Revenue, LSEG, Boeing, Electrical, Aerospace, Hannifin, DuPont, Honeywell, CNBC, Eaton Corporation, NYSE Locations: Florida, Eaton, Americas, North America

☆ How the stock market will react to Friday's jobs report, according to JPMorgan
▼ + stars: | 2024-10-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

JPMorgan's trading desk has some ideas on how much the stock market might move following Friday's all-important job report. Between 120,000 and 200,000 jobs added; 30% chance: This is the so-called Goldilocks print. The S & P 500 should finish the day somewhere between flat and up 0.5%. Below 20,000 jobs added; 5% chance: This should catalyze a large sell-off as a negative nonfarm payrolls print typically front runs a recession. The S & P 500 should pull back somewhere within the range of 0.75% and 1.5%.

Persons: payrolls, Dow Jones Organizations: Federal Reserve, JPMorgan, Equity

☆ Wall Street remains confident on Microsoft's AI story despite weak guidance. Some say to buy the dip
▼ + stars: | 2024-10-31 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Wall Street's bullish sentiment on Microsoft hasn't faded, even after the tech giant forecast disappointing revenue growth numbers. The company's revenue increased 16% year over year in the quarter, and its net income rose 11% during the period compared to the year-ago quarter. That forecast led shares to slip nearly 4% in premarket trading, despite the company's strong earnings performance. That would be the company's fastest ever AI-related revenue growth rate. Barclays, which has one of the lowest price objectives on Wall Street, said it sees Microsoft shares being "range bound" in the short term.

Persons: Morgan Stanley —, Bernstein, Morgan Stanley, Keith Weiss, Weiss, Kirk Materne, Materne, Raimo Lenschow Organizations: Microsoft, LSEG, JPMorgan, Bank of America, Barclays, Citi, 25X, Investors Locations: Wells

☆ Here are Thursday's biggest analyst calls: Meta, Coinbase, Microsoft, Robinhood, Wingstop, Target & more
▼ + stars: | 2024-10-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are the biggest calls on Wall Street on Thursday: Goldman Sachs reiterates Microsoft as buy Goldman says the stock remains extremely attractive following earnings on Wednesday. Bank of America reiterates as Meta as buy Meta remains a "top AI pick" following earnings on Wednesday. Deutsche Bank downgrades Kraft Heinz to hold from buy Deutsche says it sees "reduced growth" following earnings. BTIG upgrades Wingstop to buy from neutral BTIG said investors should buy the dip following earnings on Wednesday. "We are upgrading shares of Wingstop to Buy from Neutral with a $370 price target following the post-earnings selloff in shares yesterday."

Persons: Goldman Sachs, Goldman, Al, Oppenheimer, Wolfe, Bernstein, it's, JPMorgan downgrades Brinker, Morgan Stanley downgrades Biogen, Morgan Stanley, Deutsche Bank downgrades Kraft Heinz, KBW, Wells, Wells Fargo, L3Harris Organizations: Microsoft, Bank of America, Meta, JPMorgan, Chili's, Corp, Deutsche Bank, Deutsche, Walmart, Technologies, of America Locations: Robinhood, 4Q24, OW

☆ China's factory activity expands for the first time since April, official survey shows
▼ + stars: | 2024-10-31 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — China's official purchasing managers' index for October came in at 50.1, in expansionary territory for the first time since April, according to National Bureau of Statistics data released Thursday. The last time the PMI was above the 50-point line that determines contraction from activity was in April, with a reading of 50.4. Raw materials inventory ticked up to 48.2, still in contraction territory, along with employment at 48.4, which was mildly better than the prior month. The statistics bureau's PMI for non-manufacturing activity rose to 50.2 in October. The employment portion of the non-manufacturing PMI climbed by 1.1 percentage points to 45.8.

Organizations: BEIJING, National Bureau, Statistics, PMI

☆ A market hedge for those worried neither Trump nor Harris will do anything about the growing fiscal deficit
▼ + stars: | 2024-10-31 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

By contrast, Vice President Kamala Harris's tax plan is expected to increase tax revenues by $1.7 trillion over 10 years, but at a cost of negative 2% to long-run GDP and 786,000 jobs. The Wharton School of the University of Pennsylvania estimates that, including her spending proposals, the primary deficits would increase by $1.2 trillion, and accounting for adverse economic feedback effects, primary deficits increase to $2 trillion. Higher deficits and higher debts, just with different paths to get there. One candidate proposes cutting taxes to improve economic activity but increase deficits, and the other proposes raising taxes and increasing spending by even more and growing deficits. If the deficit keeps increasing faster than our economy grows, so will the debt, inflation, and interest rates.

Persons: We'll, Donald Trump's, Kamala Harris's, Harris, Kamala Harris, Bernie Sanders, Treasuries Organizations: Tax Foundation, Wharton School, University of Pennsylvania, Medicare, Green New Deal, TLT, Treasury Bond ETF, CNBC, NBC UNIVERSAL Locations: United States, Europe

☆ UK borrowing costs soar day after Labour government unveiled tax-raising budget
▼ + stars: | 2024-10-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

watch nowLONDON — U.K. bond yields spiked sharply Thursday after the ruling Labour Party unveiled a sweeping package of tax hikes and increased borrowing. Yields had already risen on Wednesday shortly after the budget announcement by Finance Minister Rachel Reeves, which contained plans for £40 billion ($52 billion) worth of tax hikes and committed to substantially higher borrowing in the coming years. Despite the big moves this week, the gilt market is remaining relatively stable compared to September 2022, when the U.K. suffered its so-called "mini-budget crisis." Analysts had said ahead of the October 2024 budget that such bond market volatility was unlikely to repeat itself, largely because the U.K. inflation has dropped sharply since the Truss era. Analysts at Goldman Sachs said Thursday it would "reduce the urgency for sequential cuts in the near term."

Persons: Rachel Reeves, We've, Liz Truss, Truss, Reeves, Goldman Sachs, Morgan, Andrew Sheets, BOE, Sterling Organizations: Labour Party, Labour, ING, Budget, Conservative Party, Bank of England, Goldman, CNBC, U.S Locations: London

☆ Apple stuck it to the naysayers with better-than-feared financials, emerging iPhone 16 demand
▼ + stars: | 2024-10-31 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

While the hardware sales are certainly profitable, they pale in comparison to the profitability of Apple's Services. It's impossible to do consistently, and that's why Jim Cramer always says "own, don't trade" Apple stock. During the reported quarter, Apple returned over $29 billion to shareholders, including $3.8 billion in dividends and equivalents and another $25 billion via the repurchase of 112 million shares. Though Services sales missed the mark, gross income managed to outpace expectations thanks to significant year-over-year margin expansion. The growing installed base of active devices is of course translating into strong engagement with Apple's services.

Persons: Luca Maestri, that's, Jim Cramer, Time Cook, Apple, we're, Maestri, Jim Cramer's, Jim, Michael M Organizations: Apple, Samsung, Dell, HP Inc, of Asia, of Asia Pacific, Mac, Apple Watch, Apple Intelligence, Apple's Services, iOS, CNBC, Fifth, Santiago, Getty Locations: Apple's, Americas, Europe, Asia Pacific, Japan, Greater China, iPhones, Kantar, U.S, China, Australia, New York City

☆ Amazon crushed it in e-commerce and cloud, forecast an impressive holiday quarter
▼ + stars: | 2024-10-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Amazon reported a much better-than-expected third quarter Thursday, with strong growth across online sales, its cloud business and advertising. Commentary Cloud unit Amazon Web Services (AWS) revenue in the third quarter was essentially in line with the consensus forecast. Growth on a constant currency basis held steady from the second quarter at 19%, breaking a three-quarter streak of accelerating revenue growth. Quarterly results As for the rest of the company, Amazon delivered revenue beats across Online Stores (7% revenue growth), Subscription Services (11% revenue growth), and Advertising Services (19% revenue growth). Smaller businesses like Physical Stores (5% revenue growth) and Other (7% revenue growth) were better than expected too.

Persons: Andy Jassy, Jassy, it's, Kuiper, That's, Jim Cramer's, Jim Cramer, Jim, Nathan Stirk Organizations: Amazon, LSEG, Management, Walmart, Target, Microsoft, North America, International, Web Services, AWS, Subscription Services, Advertising Services, Seller Services, CNBC, Getty Locations: North, North America, United Kingdom, Germany, Sutton Coldfield, England

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