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☆ Interview: Salesforce CEO Marc Benioff bashes Microsoft as generative AI threatens his company's CRM lead
▼ + stars: | 2024-10-24 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +7 min

In a Business Insider interview this week, he let loose again, blasting Microsoft's Copilot AI assistant, while touting the Salesforce AI agents that are rolling out soon. In the interview with BI, Benioff focused on Salesforce's continued lead in the CRM market, rather than Microsoft's creeping gains. Generative AI may change CRMGenerative artificial intelligence may be a new challenge to Salesforce and especially its lead in CRM software. He cited CRM software, which replaced the physical Rolodex and helped salespeople keep in better touch with their contacts. It helps companies create their own AI agents to assist with tasks such as customer service and sales.

Persons: —, Marc Benioff isn't, Benioff, Copilot, Salesforce's, Rishi Jaluria, salespeople, Salesforce, Jaluria, It's, Morgan Stanley, Einstein, Agentforce Organizations: Microsoft, Salesforce's, Service, IDC, RBC Capital Markets

☆ Pam Kaur: HSBC names first female chief financial officer, unveils a major overhaul
▼ + stars: | 2024-10-22 | by ( ) edition.cnn.com time to read: +2 min

A new leadership structure, which includes the appointment of Pam Kaur as the lender’s first female chief financial officer, would “unleash our full potential and drive success into the future,” CEO Georges Elhedery said in a memo to staff. The overhaul sees Elhedery tackle one of HSBC’s most intractable problems. HSBC (HSBC) did not say what the projected cost savings might be or indicate how many jobs would be affected, but more details could emerge when the bank reports third-quarter results on October 29. Kaur, 60, takes over as CFO having served as HSBC’s chief risk and compliance officer. She joined the bank in April 2013 as group head of internal audit.

Persons: London —, Pam Kaur, Georges Elhedery, Elhedery, ”, Ben Toms, Kaur, Colin Bell, Stephen Moss Organizations: London — HSBC, HSBC, RBC Capital Markets Locations: Hong Kong, London, United Kingdom, United States, France, Canada, Asia, Europe, East

☆ It's too soon to write off the story in the Middle East entirely, says RBC's Helima Croft
▼ + stars: | 2024-10-18 | 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 EmailIt's too soon to write off the story in the Middle East entirely, says RBC's Helima CroftHelima Croft, RBC Capital Markets global head of commodity strategy, joins 'Squawk Box' to discuss the recent drop in oil prices, impact of MIddle East tensions and China demand, market outlook, and more.

Persons: RBC's Helima Croft Helima Croft Organizations: RBC Capital Markets Locations: China

☆ These 3 UK stocks are on the march and set to soar by over 50%, RBC says
▼ + stars: | 2024-10-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Three London stocks are on the march and are expected to rise by more than 50% over the next 12 months. TM17-GB 1Y line More recently, RBC said the company reported "a good set of results" in September. The company reported £80.6 million in total sales, missing revenue expectations of £81.5 million marginally. Wheeler also noted that the stock had "significant upside potential" after the company reported its first-half results on July 26. RBC analyst Charles Weston said the stock remains "materially undervalued" after the company reported its first half-year financial results.

Persons: Debbie Bestwick's, Steve Bell's, Frank Sagnier's, Ross Broadfoot, Broadfoot, Team17, RBC's Alexander Wheeler, Wheeler, Charles Weston, OXB Organizations: CNBC Pro, RBC Capital Markets, RBC, Drax, Oxford Biomedica, Oxford, University of Oxford Locations: London, England, Team17

☆ Watch out. Analysts have been cutting earnings estimates on these stocks reporting next week
▼ + stars: | 2024-10-16 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Wall Street has been lowering its third-quarter growth estimates for months now. That's not abnormal, however, as third-quarter growth estimates tend to decline in the preceding months. Nearly 10% of S & P 500 companies have already reported results, with more than 79% beating earnings estimates, according to FactSet. Analysts' estimates for earnings per share have been cut by 80.3% over the past three months and 85% over the past six months. Analysts have cut their earnings per share estimates on Tesla by 24.1% over the past three months and 30.8% over the past six months.

Persons: That's, Morgan Stanley, Joe Laetsch, Laetsch, FactSet, Christopher Dendrinos, Dendrinos, Tesla, Wells Fargo Organizations: CNBC Pro, Valero Energy, Wall Street, Valero, RBC Capital Markets, Tesla Locations: U.S, Wells

☆ U.S. crude prices fall more than 4% as Israel is not expected to strike Iran’s oil industry
▼ + stars: | 2024-10-15 | by ( Spencer Kimball | ) www.nbcnews.com time to read: +3 min

Year to date, U.S. crude oil has fallen more than 1%. But Croft warned of a spiral of escalation that could ultimately lead to an oil disruption. Israel could be holding the oil card in reserve until they see how Iran responds to their strike, she said. OPEC also has millions of barrels per day in spare capacity that could jump into the breach if there is a supply disruption. “They will want to see that there is a physical supply disruption before they really jump in front of this.”

Persons: Israel, Helima Croft, CNBC’s, Brent, Croft, ” Croft, “, ” Organizations: Biden, NBC News, RBC Capital Markets, West Texas Intermediate, Natural Gas, Israel, Global, International Energy Agency, IEA, OPEC Locations: Israel, Iran, Americas, U.S, Saudi Arabia

☆ Stocks making the biggest moves premarket: Goldman Sachs, Bank of America, Walgreens and more
▼ + stars: | 2024-10-15 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Bank of America -- Shares moved 1% higher after third-quarter earnings and revenue topped Wall Street analysts' estimates. Goldman Sachs — Shares of the investment bank jumped more than 2% on better-than-expected quarterly earnings. Goldman Sachs posted earnings per share of $8.40 on $12.70 billion in revenue. Citigroup — Shares of the Jane Fraser-led bank added 1.7% after third-quarter earnings and revenue were better than consensus estimates. Charles Schwab — The brokerage company surged more than 7% after third quarter results beat analysts' estimates.

Persons: Johnson, J, Goldman Sachs, LSEG, UnitedHealth, Walgreens, Jane Fraser, Coty –, Coty, Charles Schwab, —, Yun Li, Michelle Fox, Samantha Subin, Sarah Min, Pia Singh Organizations: Bank of America, Wall, LSEG, Revenue, Johnson, Walgreens, Alliance, Citigroup —, Citigroup, PNC Financial, PNC, Coty, Energy, RBC Capital Markets, EV Locations: Pittsburgh, LSEG .

☆ Delivery Hero vs. Just Eat? One has 60% upside in a 'winner-takes-all' market, says Stifel
▼ + stars: | 2024-10-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Berlin-based Delivery Hero and Dutch multinational Just Eat Takeaway are two companies at the center of the ruthless online food delivery sector. Over the past decade, Delivery Hero has accumulated net losses of 9.6 billion euros ($10.47 billion) , while Just Eat Takeaway has racked up 7.1 billion euros in losses. Delivery Hero wins? The investment bank is particularly bullish on Delivery Hero, initiating coverage with a "Buy" rating and a price target of 60 euros, implying a potential upside of 60%. Meanwhile, Just Eat Takeaway (TKWY) has a "Hold" rating from Stifel, with a 17% upside potential on the current share price.

Persons: Stifel, Benjamin Kohnke, Uber, Stifel's Kohnke, Kohnke, — CNBC's Michael Bloom Organizations: Investment, Dubai Financial, Deutsche Bank, RBC Locations: Berlin, U.S, Europe, Dubai, Northern Europe

☆ Stocks making the biggest moves midday: ASML, UnitedHealth, Walgreens Boots Alliance and more
▼ + stars: | 2024-10-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines in midday trading: UnitedHealth — Shares plunged 7.2% after the health-care giant lowered its earnings guidance due to ongoing headwinds from a cyberattack earlier in the year. Walgreens Boots Alliance — The stock soared 11.9% following the drugstore chain's fiscal fourth-quarter earnings and revenue beat. Enphase Energy — Shares slid 6.8% on the back of a downgrade to sector perform from outperform by RBC Capital Markets. Johnson & Johnson — The health-care conglomerate gained 1.6% after posting quarterly results that exceeded expectations on the back of strong sales of oncology drugs. Energy stocks — Energy stocks declined as oil prices dropped about 5% , with the sector last down more than 2%.

Persons: UnitedHealth, ASML, Johnson, LSEG, Halliburton, Coty, Charles Schwab —, Yun Li, Alex Harring, Hakyung Kim, Michelle Fox, Pia Singh, Sarah Min Organizations: Walgreens, Alliance, Nvidia, Devices, Broadcom, Apollo, Bank of America, Enphase Energy, RBC Capital Markets, Energy, — Energy, APA, Diamondback Energy, Occidental Petroleum, Valero Energy, U.S, Citigroup —, PNC Financial, Boeing Locations: North Carolina, New York, Pittsburgh

☆ Israel's response to Iran and impact on oil remains in question, says RBC's Helima Croft
▼ + stars: | 2024-10-15 | 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 EmailIsrael's response to Iran and impact on oil remains in question, says RBC's Helima CroftHelima Croft, RBC Capital Markets global head of commodity strategy, and John Kilduff, Again Capital founding partner, join CNBC's 'The Exchange' to discuss outlooks on oil as prices fall 5%, expectations for conflict in the Middle East, and more.

Persons: RBC's Helima Croft Helima Croft, John Kilduff, CNBC's Organizations: RBC Capital Markets, Capital Locations: Iran

☆ Earnings ramp up this week. Here’s what to watch for this season
▼ + stars: | 2024-10-14 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Earnings will be the main event this week, as Wall Street looks to add to recent record-setting gains. Nearly 40 S & P 500 companies are scheduled to post third-quarter results this week. Check out our latest Earnings Playbook for more on the names reporting this week. The 30 S & P 500 names that reported last week beat earnings expectations by an average of 5%, according to Bank of America. The S & P 500 closed above 5,800 for the first time on Friday.

Persons: Goldman Sachs, Morgan Stanley —, Ohsung Kwon, Banks, JP Morgan, corporates, Kwon, Fastenal, Lori Calvasina, It's, Dow Organizations: Netflix, Bank of America, RBC Capital Markets, Big, Dow Jones Industrial, Federal Reserve

☆ This niche AI play is seeing business growth rates that are triple the pace of the data centers
▼ + stars: | 2024-10-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +16 min

As artificial intelligence fuels the boom in data center growth, investors are eyeing a new frontier: the companies keeping these digital powerhouses cool. That's because historically, data centers used air cooling to manage the heat generated by traditional cloud applications. Triple data center growth Vertiv and Modine are legacy air cooling players that entered the liquid cooling market through acquisitions, while nVent is a pioneer. "The need for liquid cooling is not cannibalizing the need for mechanical (air) cooling," Matt Summerville, an analyst at D.A. "The need for liquid cooling is not cannibalizing the need for mechanical (air) cooling," Matt Summerville, an analyst at D.A.

Persons: Modine, there's, Dean Dray, Matt Summerville, Davidson, Summerville, William Blair, Brian, nVent, Dray, Vertiv, Jefferies, Saree Boroditsky, Boroditsky Organizations: Modine, RBC Capital Markets, CNBC, D.A, CoolTerra, TMG, Scotts, Scotts Springfield Manufacturing, Asia Pacific, CDU, Summerville, Luza Locations: Scotts Springfield, Asia, Summerville

☆ U.S. crude oil on pace to eke out second weekly gain on Middle East war risk
▼ + stars: | 2024-10-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil on Friday was on pace to eek out its second weekly gain in a row as Israel prepares to retaliate against Iran. Oil prices have gained more than 10% through Thursday's close since Iran hit Israel with ballistic missiles last week. Here are Friday's energy prices:Israel's security cabinet met Thursday to discuss the country's response to Iran's attack, according to media reports. Traders have worried that Israel will hit Iran's oil industry, potentially triggering a cycle of escalation that causes a significant disruption of supplies in the Middle East. Croft warned, however, that the U.S. influence may have waned since April, when Israel's response to Iran's first missile and drone attack was relatively muted.

Persons: Natasha Kaneva, Morgan, Joe Biden, Benjamin Netanyahu, Biden, Israel, Helima Croft, Croft Organizations: Brent, Traders, RBC Capital Markets Locations: Iran, The U.S, Israel

☆ JP Morgan has done an excellent job under Jamie Dimon's leadership, says RBC's Gerard Cassidy
▼ + stars: | 2024-10-11 | 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 EmailJP Morgan has done an excellent job under Jamie Dimon's leadership, says RBC's Gerard CassidyGerard Cassidy, RBC Capital Markets co-head of global financials research, joins CNBC's 'Squawk on the Street' to discuss big bank earnings reported this morning, his read on banking activity going into next year, and more.

Persons: JP Morgan, Jamie Dimon's, RBC's Gerard Cassidy Gerard Cassidy Organizations: RBC Capital Markets

☆ Tesla's robotaxis could generate $1.7T of revenue by 2040, says RBC's Tom Narayan
▼ + stars: | 2024-10-10 | 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 EmailTesla's robotaxis could generate $1.7T of revenue by 2040, says RBC's Tom NarayanTom Narayan, RBC Capital Markets global autos analyst, joins CNBC's 'The Exchange' to discuss why he's bullish on Tesla's robotaxi in the longterm, expectations for how the stock will react to tonight's robotaxi event, and more.

Persons: Tom Narayan Tom Narayan Organizations: RBC Capital

☆ Stocks making the biggest moves premarket: Delta Air Lines, CVS Health, Nike and more
▼ + stars: | 2024-10-10 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Delta Air Lines – Shares fell nearly 5% after the airliner provided disappointing fourth-quarter revenue guidance . Delta anticipates revenue will rise between 2% and 4% from a year earlier, less than the 4.1% estimate, per LSEG. CVS Health – Shares of the pharmacy chain added 1.9% on the back on an upgrade to overweight from equal weight by Barclays. Specifically, the investment firm noted that the brand's share of mentions as a favorite is about 35% more than its overall market share. PayPal – The payments company fell 1.7% after Bernstein downgraded the stock to market perform from outperform.

Persons: Serge Saxonov, there's, Piper Sandler, Tesla, Bernstein, —, Alex Harring, Jesse Pound, Sarah Min, Pia Singh, Michelle Fox Theobald Organizations: Delta Air Lines, CVS, Barclays, GXO Logistics, Bloomberg, Logistics, Nike –, RBC Capital Markets, American, Group, JPMorgan, PayPal Locations: Americas

The financial firm upgraded the athletic apparel stock to a buy rating from hold and raised its price target to $97 from $83. — Lisa Kailai Han 6:48 a.m.: Goldman Sachs trims Microsoft price target Goldman Sachs is still bullish shares of Microsoft , despite a minor price target adjustment. However, she accompanied the move by lifting her price target to $80 from $75. Analyst Andrew Mok accompanied the rating change by lifting his price target to $82 from $63. To be sure, he did raise his price target by $10 to $235, implying upside of nearly 10%.

Persons: Joseph Civello, Civello, Caitlin Clark, Lisa Kailai Han, Goldman Sachs, Kash Rangan, Rangan, Bernstein, Harshita Rawat, Venmo, Cash, Rawat, — Lisa Kailai Han, Shagun Singh, Singh, Medtronic, Andrew Mok, Mok, Stephen Tusa, Tusa, divestitures, YTD, Fred Imbert Organizations: CNBC, Barclays, JPMorgan, Honeywell International, Nike, Microsoft, PayPal, RBC, RBC Capital Markets, CVS, Aetna, Honeywell, Dow Jones Industrial Locations: buybacks, Wednesday's

☆ Tesla robotaxi event comes after a decade of unfulfilled promises from Elon Musk
▼ + stars: | 2024-10-10 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

With Tesla's hotly anticipated robotaxi event hours away, investors will soon get a glance at what CEO Elon Musk has called the CyberCab. The event comes a week after Tesla reported third-quarter deliveries of 462,890, lifting the number to 1.35 million for the year so far. For all of last year, Tesla reported deliveries of 1.81 million. Gene Munster of Deepwater Asset Management told CNBC's "Fast Money" on Wednesday, that he'll be at the event and expects to test the robotaxi. Tesla was once seen as a pioneer in autonomous vehicle development, but has never managed to deliver or demonstrate robotaxi technology.

Persons: Elon Musk, The Beverly Hilton, Tesla's, Tesla, Garrett Nelson, They're, Gene Munster, CNBC's, He's, Alphabet's, Morgan Stanley Organizations: SpaceX, Tesla, The Beverly, Warner Bros, CFRA, RBC Capital, Deepwater Asset Management Locations: Beverly Hills , California, U.S, Burbank , California, CFRA, Munster

☆ Some stocks could see further downside as investors sell to save on taxes, Morgan Stanley found
▼ + stars: | 2024-10-08 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Some of the biggest losing stocks in 2024 could be in for even steeper declines as investors jettison them to save on taxes, according to Morgan Stanley. Such moves, known as tax loss harvesting, helps investors trim their tax bills the next year. Boeing pressure Beleaguered aerospace company Boeing was also called out by Morgan Stanley as likely to see pressure tied to tax loss selling. Morgan Stanley also called out oil service giant Halliburton . Other names on Morgan Stanley's list include Chord Energy , Simply Good Foods and timeshare operator Hilton Grand Vacations .

Persons: Morgan Stanley, Michelle Weaver, Morgan, Jackson Ader, Ronald Epstein, who's, Epstein, Keith Mackey Organizations: Nasdaq, Wall, Computer, Adobe, Boeing, Alaska Airlines, Bank of America, Aerospace, Defense, Halliburton, RBC Capital, HAL, Energy, Hilton Locations: Alaska, Seattle

☆ U.S. crude oil jumps 2%, trades near $76 as market waits for Israel strike against Iran
▼ + stars: | 2024-10-07 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil rose about 2% on Monday, as the market waited for Israel to strike Iran. Oil prices spiked last week on fears that Israel could hit Iran's oil industry in retaliation for Tehran's ballistic missile attack. The impact on the oil market would be significant if Israel struck Kharg Island, through which 90% of Iran's crude exports pass, Croft said. The worst-case scenario is a disruption in the Strait of Hormuz, through which 20% of the world's crude exports flow, Gelder said. Iran might target the strait in response to an Israeli strike, which would have a far more dramatic effect on crude prices, the analyst said.

Persons: Israel, Joe Biden, Biden, Helima Croft, Croft, CNBC's, Alan Gelder, Wood Mackenzie, Gelder Organizations: Texas Intermediate, Brent, RBC Capital Markets Locations: Israel, Iran, U.S, Kharg, Wood, Strait, Hormuz

☆ Croft: The oil market is still in watch-and-wait mode.
▼ + stars: | 2024-10-07 | 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 EmailCroft: The oil market is still in watch-and-wait mode. Helima Croft, Head of Global Commodity Strategy at RBC Capital Markets, highlights concerns about possible attacks on key oil infrastructure and the potential for price spikes if the conflict escalates.

Persons: Helima Croft Organizations: Global, Strategy, RBC Capital Markets

☆ RBC gives its top stock picks for the fourth quarter
▼ + stars: | 2024-10-04 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

The fourth quarter is just getting started, and RBC Capital Markets sees some stocks slated for growth in the months ahead. Looking ahead, RBC unveiled a list of its top 30 high-conviction global stock ideas that it thinks are poised to outperform in the long term. As a result, RBC has an outperform rating on the name, with a price target of $48. "As proof-points to the success of this strategy emerge, we believe the stock could begin to re-rate higher," the analyst said. Software name CrowdStrike and British oil giant Shell were also picked for the fourth quarter's list.

Persons: Brad Erickson, Daniel Perlin, Perlin, Ferrari, Tom Narayan Organizations: RBC Capital Markets, Dow Jones, RBC, Sarepta Therapeutics, Amazon, P Global, PayPal, Reuters Locations: Italy

☆ Loan demand will increase as banks gain confidence the economy is expanding: RBC's Gerard Cassidy
▼ + stars: | 2024-10-04 | 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 EmailLoan demand will increase as banks gain confidence the economy is expanding: RBC's Gerard CassidyGerard Cassidy, co-head of global financials research at RBC Capital Markets, joins CNBC's 'Money Movers' to discuss his read on the jobs report, when loan demand will start to increase, and more.

Persons: RBC's Gerard Cassidy Gerard Cassidy Organizations: RBC Capital Markets

☆ $100 oil could be the October surprise no one wanted
▼ + stars: | 2024-10-03 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —The Middle East is in chaos, and the oil market is remarkably calm about it. The chill reaction in the oil market reflects a boy-who-cried-wolf mindset that has set in. Even just two years ago, oil prices skyrocketed to $130 a barrel in March 2022 after Russia invaded Ukraine. Oil prices skyrocketed in 2019 when Saudi oil facilities were damaged in an attack that US officials blamed on Iran. A disruption in the Strait of Hormuz could send oil prices above $100 a barrel, according to ClearView.

Persons: ”, Bob McNally, “, It’s, McNally, George W, Bush, Israel, ” Helima, Joe Biden, Croft, internationalize, Kevin Book, ClearView, it’s, Biden Organizations: New, New York CNN, Investors, Rapidan Energy Partners, Israel, RBC Capital Markets, CNN, CIA, ClearView Energy Partners, International Energy Agency, RBC, Strategic Petroleum Reserve, Citigroup, Citi Locations: New York, Iran, China, OPEC, Saudi Arabia, Russia, United States, ” Helima Croft, Ukraine, Israel, Saudi, Strait, Hormuz, Riyadh, Persian

☆ REITs & Utilities dominated Q3, markets don't know where to turn now, says RBC's Lori Calvasina
▼ + stars: | 2024-10-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailREITs & Utilities dominated Q3, markets don't know where to turn now, says RBC's Lori CalvasinaAdam Crisafulli, Vital Knowledge founder, and Lori Calvasina, RBC Capital Markets head of US equity strategy, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: RBC's Lori Calvasina Adam Crisafulli, Lori Calvasina Organizations: Utilities, Vital Knowledge, RBC Capital Markets

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