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Broadcom is another AI stock down on the back of Oracle's quarter. For the full year, Citi expects Broadcom's AI sales to grow to $15 billion in fiscal 2025 from $12 billion this year — a projection that looks light compared with other analysts. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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, Eaton, Donald Trump, Morgan Stanley, we'll, Buster's, Macy's, Jensen Huang, Jim, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Google, Oracle, Nvidia, Walgreens Boots Alliance, Street Journal, Sycamore Partners, Club, Broadcom, Microsoft, Citi, JPMorgan, VMWare, GameStop, Traders, Jim Cramer's Charitable Locations: Wells Fargo
In 2024, AMD expects to generate more than $5 billion in AI chip sales. Meanwhile, Meta Platforms and Microsoft are newer entrants into the custom AI chip game, but they remain buyers of both AMD and Nvidia processors. However, the firm said those companies' capital expenditure requirements for Nvidia's next-generation AI chip platform Blackwell "could also limit share gain opportunities for AMD." Bottom line We're not dismissing Bank of America's concerns about AMD — Jim even called the note "cogent" — but we're also not spooked. 2 merchant player in the AI chip market behind Nvidia, despite custom chips seeing greater interest at places like Amazon.
Persons: Jim Cramer, Amazon's, Trainium, Trainium2, Jim, we're, FactSet, Lisa Su, Jim Cramer's, Lauren Justice Organizations: Wall, Devices, Bank of America, AMD, Analysts, Intel, Web Services, Apple, Nvidia, Google, Club, Broadcom, Microsoft, Meta, Oracle, " Bank of America, Nvidia's, CNBC, Bloomberg, Getty Locations: AMD's, It's, Las Vegas
All they know is that it's a bitcoin company, run by one of the asset's most vocal evangelists. Bitcoin per share, and bitcoin value per share, reflect how many bitcoin investors are getting when they buy a share of MicroStrategy. So with a stock price of around $390, each MicroStrategy share gives investors exposure to 0.0017 bitcoin. There are several reasons, including that MicroStrategy's bitcoin count is steadily rising. Kotzman, who owns bitcoin and MicroStrategy shares, is confident that the company's bet — and, by extension, his own — will pay off in the long term.
Persons: Cryptocurrency maven Michael Saylor, MicroStrategy, bitcoin, who've, Michael Saylor, Saylor, Tim Kotzman, Steve Sosnick, Matthew Sigel, Sigel, They'll, they're, Kotzman, it's, Citron, That's Organizations: Nvidia, Business, BTC, Citron Research Locations: bitcoin, MicroStrategy
AdvertisementTrump formed Trump Media in the wake of January 6, when he was kicked off most social media sites. Truth Social is the company's flagship product and Trump's favored social media site. For Trump, Truth Social is more than a messaging tool — the platform, which is the flagship product of the Trump Media & Technology Group, is now a significant part of his personal wealth. Trump formed Trump Media after he was kicked off of other social media sites. AdvertisementHow Truth Social worksSimilar in form to X, Truth Social is a free social media platform based in the United States.
Persons: Trump's, Trump, Donald Trump, Mark Zuckerberg's, Andrew Litinsky, Wes Moss, MANDEL NGAN, Donald J, Moss, Litinsky, Devin Nunes, Donald Trump Jr, Linda McMahon, Kash Patel, McMahon, TMTG, Similarweb, Elon Musk's, Matt Cardy, it's, Kamala Harris, Mario Tama Organizations: Trump, Trump Media, White, Truth, Trump Media & Technology Group, Big Tech, Trump Media's, Mark Zuckerberg's Facebook, Getty, Apple, Nasdaq, United Atlantic Ventures, Republican, Department of Education, Federal Bureau of Investigation, Forbes, Social, Facebook, Securities and Exchange, Stock Locations: AFP, California, United States, America
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Other positive readthroughs in our portfolio from Marvell's quarter include Eaton and Dover — a pair of industrials with exposure to data centers. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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, Stocks, Jim Cramer's, Agentforce, Salesforce, It's, Jim Organizations: CNBC, Nasdaq, Dow Jones, Club, Marvell Technology, Microsoft, Bristol Myers Squibb, Broadcom, Marvell, Google, General Motors Locations: Eaton, Dover
Dollar Tree posted adjusted earnings of $1.12 per share, while analysts polled by FactSet sought $1.07 per share. Salesforce — Salesforce shares popped about 8% after the company posted a third-quarter revenue beat and gave subscription revenue numbers that exceeded analysts' estimates. Pure Storage — Shares of the data storage management company rallied nearly 24% after Pure Storage announced a contract with an unnamed "top four" artificial intelligence hyperscaler. Foot Locker — The sneaker giant's shares fell more than 6% after the company reported an earnings and revenue miss. The stock surged 270.4% to $7.63 after the company announced that Donald Trump Jr., the eldest son of the president-elect, is joining PSQ's board.
Persons: Needham, Laura Martin, Jeff Davis, FactSet, Eli Lilly —, Eli Lilly's, Salesforce, Okta, Campbell's, Mick Beekhuizen, Locker, Donald Trump Jr, Yun Li, Jesse Pound, Hakyung Kim Organizations: JetBlue Airways —, JetBlue, Wegovy, LSEG, Marvell Technology, Wall, JPMorgan, PSQ Holdings
Technical analysis-based trade ideas can be classified into two main categories – trend following or mean-reverting. In other words, there's no reason to guess when momentum is going to turn higher – if it does at all. However, when a declining stock gets washed out and/or falls to a confluence of support, the risk return ratio can turn favorable. And with the stock's recent hold above the 130-zone the last few weeks, it could be getting ready for another rally attempt. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: , we've Organizations: CNBC Pro, AMD, RSI, CNBC, NBC UNIVERSAL
AdvertisementIntel's stock dropped 6% on Tuesday after the company announced the departure of CEO Pat Gelsinger on Monday. Intel stock dropped 6% Tuesday as investors reacted to the departure of the chip maker's CEO, and Wall Street analysts seem to think the company future remains uncertain. The stock dropped in Tuesday trades to close at %22.47 per share after the company announced on Monday that CEO Pat Gelsinger would be leaving the company. Intel chair Frank Yeary said the company is committed to restoring investor confidence, but Wall Street analysts say it won't be easy. Other analysts say that separating the two units within Intel would only temporarily boost stock prices.
Persons: Pat Gelsinger, It's, Frank Yeary, Gelsinger —, That's, Vivek Arya, Trump, Arya, Pat Organizations: Intel, Wall Street, Citi, Bank of America, Wedbush Securities
AdvertisementSpaceX is reportedly in talks to sell shares, a deal that would boost its valuation to around $350 billion. SpaceX is currently in talks to sell insider shares in a deal that would value the private company at around $350 billion, Bloomberg reported Monday, citing sources familiar with the potential sales. If the $350 billion valuation is realized, it would be double what the company was reportedly selling shares at one year ago. In December 2023, Bloomberg reported SpaceX shares were being sold at a $175 billion valuation. The outlet previously reported SpaceX shares were being sold at a $210 billion valuation in June and at $255 billion just last month.
Persons: Elon, Donald Trump, Trump Organizations: SpaceX, Elon Musk's, Bloomberg, Business, Department of Government Efficiency
Constellation Brands ' decision to sell its Svedka vodka brand is a step in the right direction as the Modelo and Corona brewer focuses on its high-end businesses. The news Constellation said Tuesday it will sell Svedka to New Orleans-based Sazerac, which owns hundreds of brands from distilleries around the world. For all of fiscal 2025, Constellation expects wine and spirits to deliver a full-year net sales decline between 4% to 6%. STZ .SPX YTD mountain Constellation Brands YTD Big picture The Svedka transaction is part of management's "premiumization" strategy to reshape its wine and spirits portfolio. Constellation Brands Inc. Svedka vodka at a liquor store in the Upper East Side neighborhood of New York, US, on Friday, June 28, 2024.
Persons: Kim Crawford, Casa Noble, Mi Campo, Bernstein, Paul Masson, Clos, Gallo, Jim Cramer, Jim, Donald Trump, Morgan, Garth Hankinson, Jim Cramer's, Bing Guan Organizations: Constellation Brands, Modelo, Corona, Constellation, Clos du Bois, CNBC, Constellation Brands Inc, Bloomberg, Getty, & $ Locations: New Orleans, Corona, Pacifico, Mexico, U.S, New York
But most importantly, the company showed that Agentforce, its new AI platform, may kickstart revenue growth in the future. CRM YTD mountain Salesforce's stock performance in 2024. With the stock up more than 10% to $360 per share in extended trading, we are increasing our price target to $400 from $300. Wall Street is willing to look past Salesforce's slight miss on adjusted EPS because of the upbeat revenue performance. Guidance For the fiscal fourth quarter, Salesforce expects revenues of $9.9 billion to $10.1 billion.
Persons: Salesforce, Agentforce, Salesforce's, it's, Marc Benioff, Jim Cramer, Benioff, Amy Weaver, Weaver, Jim Cramer's, Jim, Marlena Sloss Organizations: Revenue, LSEG, SAP, Microsoft, Agentforce, CNBC, Bloomberg, Getty Locations: London's, Agentforce, Salesforce, San Francisco , California
Sine that initial call, Lulu shares gained about 7% through last Friday, versus a 4% total return of the S & P 500 and flat performance for Nike. Right now, the options market implies a about a $30 move in the stock price, higher or lower, by the end of this week. Rather than continuing to hold the stock, an investor looking for slightly less risk could use a stock substitution strategy through earnings. The trade: Stock substitution strategy A stock substitution strategy is an investment approach that uses options instead of directly holding shares of a stock. An options structure can also reduce the maximum potential loss if the underlying stock's price falls significantly.
Persons: Lululemon, LULU, Lulu, Armour, LULU Jan Organizations: Nike, Adidas, VF Corp, CNBC, NBC UNIVERSAL Locations: Sine
Those who threw in the towel might be licking their wounds as growth stocks continue to outperform value dramatically. Instead, it builds a simple filter based on backtested factors dating decades to determine the key variables that have worked over time, says Ryan Kelley, CIO of the fund. For the Hennessy Cornerstone Mid Cap 30 Fund, that filter has been boiled down to a four-step process used for 21 years. "We absolutely just let the numbers dictate what we own, and it takes some discipline and it takes some trust in the process," Kelley said. By the time the filter process is complete, thousands of US stocks have been filtered down to about 125 to 150, which is still too much.
Persons: Hennessy, Ryan Kelley, Russell Midcap, Kelley, we've, You'll, it's Organizations: Funds, Hennessy, 30
AdvertisementTesla investor Ross Gerber doesn't think Elon Musk's ties to Donald Trump will benefit the EV maker. Gerber says Tesla stock should be trading around $200, about 40% lower than current levels. Ross Gerber, a Tesla bull and the president of Gerber Kawasaki Wealth & Investment Management, thinks the electric vehicle maker faces big challenges ahead, even as optimism about Musk's ties to Trump has excited investors and sparked a sharp rally in Tesla stock since the election. Related VideoTraders are hopeful that Musk's close ties to the president-elect — which ultimately landed the Tesla CEO a new government role — could sway important policy decisions in favor of Tesla. Skeptical of the techGerber believes Tesla's technology has plateaued in recent years, and Musk's ties to Washington won't help that.
Persons: Ross Gerber, Elon Musk's, Donald Trump, Tesla, Gerber, Elon Musk, , Dan Ives, he's, Elon, hasn't, Uber, EVs, it's Organizations: Elon, Gerber Kawasaki Wealth & Investment Management, Trump, Tesla, Wedbush Securities, Washington, Department of Government, Business Locations: Tesla, Mar, United States, bullishness
It may be time to take profits on Brinker International and rotate into other restaurant stocks, according to BTIG. That's more than the year-to-date gains of AI chip darling Nvidia , which is up more than 176% this year. While BTIG has a neutral rating on Yum Brands, it has rated both Domino's Pizza and Darden Restaurants as a buy. For Domino's, 22 of the 35 analysts covering the pizza chain have a strong buy or buy rating, while 12 analysts have a hold rating, according to LSEG data. The remaining nine have a strong buy or buy rating.
Persons: Jonathan Krinsky, Brinker, Krinsky, BTIG Organizations: Brinker International, Darden, Yum Brands
Here are the biggest calls on Wall Street on Tuesday: Wells Fargo upgrades Eastman Chemical to overweight from equal weight Wells Fargo says the chemical company is "attractive." HSBC downgrades Goldman Sachs & Morgan Stanley to hold from buy HSBC said the risk/reward is a less attractive. KeyBanc reiterates Nvidia as overweight The firm says it sees "limited competitive risks" for Nvidia shares. Wells Fargo reiterates Starbucks as overweight Wells raised its price target on the stock to $115 per share from $110. Redburn Atlantic Equities reiterates Amazon as buy The firm raised its price target on the stock to $235 per share from $225.
Persons: Wells Fargo, HSBC downgrades Goldman Sachs, Morgan Stanley, Baird, Bernstein, KeyBanc, it's bullish, TD Cowen, Pinterest, Cowen, Wells, Guggenheim, Michael Kors, UAL Organizations: Eastman Chemical, UBS, HSBC, Royal Caribbean, Nvidia, Bank of America, Citi, Chevron, ExxonMobil, SPX, JV, China, Guggenheim, Capri Holdings, Barclays, Apple, and Department of Justice, Google, DoJ, UBS reinstates United, Alaska Airlines, Amazon Web Services, Anheuser, Busch InBev, GAP Locations: Caribbean, China, Delta, DAL
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Meanwhile, HSBC downgraded Morgan Stanley stock to a hold from buy Monday evening. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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, Donald Trump's, Jim, Stanley Black, Decker, Wells, Charlie Scharf's, Wells Fargo, Morgan Stanley, Jim Cramer's Organizations: CNBC, Nasdaq, Dow Jones, Trump, Wells, Reuters, Federal Reserve, HSBC, Morgan Locations: Canada, Mexico, China, U.S, Wells Fargo
Check out the companies making headlines in midday trading: Bath & Body Works — The Ohio-based personal care company climbed more than 16%, on pace for its best day since November 2022. The retailer raised its forecast for full-year adjusted profit and said it expects a smaller drop in annual sales, boosted by solid demand for personal care products and new store offerings. Robinhood — The financial services provider surged 5% after Morgan Stanley upgraded it to overweight, citing upside from President-elect Donald Trump's looming second term in office. Target's shares have lost about 12% year to date and the stock's 3.6% dividend yield is very "attractive," the firm said. Abercrombie & Fitch — The retailer gained 4% ahead of its third-quarter earnings release , expected Tuesday morning.
Persons: Morgan Stanley, Donald Trump's, Macy's, Oppenheimer, AGCO, Gordon, Abercrombie, Fitch, Biohaven, Piper Sandler, CNBC's Hakyung Kim, Jesse Pound, Yun Li, Michelle Fox, Pia Singh, Scott Schnipper Organizations: Farm Equipment Limited, Gordon Haskett Research, Intel, CNBC, Commerce Department, U.S, Bancorp, Citigroup, Arm, UBS, Santander — ADRs, BDO, Nasdaq, Truist Securities Locations: The Ohio, New York, The Minneapolis, British, Spanish, Santander
Monday, November 25, 2024: Cramer sets a bullish target for this pharmaceutical stockJim and Jeff discuss why they're buying this biopharmaceutical stock. They also talk about adding to this pharmaceutical stock. Finally, they break down what to expect from this retail stock's earnings.
Persons: Cramer, Jeff
A second Trump term could mean more gains ahead for Robinhood , according to Morgan Stanley. Analyst Michael Cyprys upgraded shares to overweight from equal weight and more than doubled his price target to $55 from $24, implying 50.1% upside from Friday's close. Shares have also gained more than 35% in the past month and more than 73% in the past three. HOOD YTD mountain HOOD, year-to-date Cyprys noted that Robinhood is one of the biggest beneficiaries from President-elect Donald Trump's White House win in his coverage univers. The analyst also cited Robinhood's planned acquisition of TradePMR as providing significant optionality for the platform in the long term.
Persons: Morgan Stanley, Michael Cyprys, Cyprys, Donald Trump's Organizations: Trump, Robinhood Locations: HOOD
The stock market rally for payments stock Fiserv is showing no signs of slowing down, and the company is winning over some new investors. "You roll all that together and you could wind up with like an 18%-20% type of earnings per share growth company," Burton said. Burton is the manager of NYLI Winslow Large Cap Growth Fund (MLAAX) , which has a four-star rating from Morningstar. He also manages two ETFs with similar strategies — the NYLI Winslow Focused Large Cap Growth ETF (IWFG) and NYLI Winslow Large Cap Growth ETF (IWLG) . Fiserv went public in 1986 and today has a market cap of $128 billion and 42,000 employees.
Persons: Patrick Burton, Burton, NYLI Winslow, Clover, Fiserv, Frank Bisignano, LSEG, Sanders, Alliance Bernstein, Lewis Sanders —, Dominic Ball, Ball, Michael Bloom Organizations: Winslow Capital Management, Growth, Morningstar, CNBC, Windsor Capital, Sanders Capital, Alliance Locations: Milwaukee, Fiserv, Atlantic
Bath & Body Works — Shares popped 16% after third-quarter earnings edged out Wall Street forecasts. Robinhood — Shares of the brokerage firm rose more than 7% after Morgan Stanley upgraded the stock to overweight from equal weight. Macy's — Shares of the retailer fell 3% after Macy's said it was delaying its official third-quarter results due to discovering that an employee had intentionally made incorrect accounting entries to hide delivery expenses. Abercrombie & Fitch — Shares rose 3% ahead of its third-quarter earnings expected Tuesday before the bell. Arm Holdings — Shares rose more than 1% after UBS initiated coverage of the chipmaker with a buy rating, citing upside from artificial intelligence demand.
Persons: LSEG, Morgan Stanley, Macy's, Oppenheimer, Bernstein, Sally Beauty, Cowen, Oliver Chen, , Jesse Pound, Alex Harring, Michelle Fox, Samantha Subin, Pia Singh Organizations: Abercrombie, Fitch, FactSet, , Sally Beauty Holdings, Santander —, UBS Locations: Hollister
Goldman Sachs highlighted a slate of stocks that are worth snapping up as December approaches. CNBC combed through Goldman research to find buy-rated names the firm says are must owns heading into the end of the year. Pinterest Pinterest is also firing on all cylinders, analyst Eric Sheridan wrote recently. In addition, the firm sees revenue upside with user engagement remaining strong. ... .Based on after-hours pricing, we find PINS stock as one of the most compelling risk/reward skews in our coverage universe."
Persons: Goldman Sachs, Goldman, Noah Poponak, Poponak, Bonnie Herzog, Herzog, Pinterest Pinterest, Eric Sheridan, Pinterest, Sheridan Organizations: GE Aerospace, Monster Beverage, CNBC, GE Aerospace GE Aerospace, Aerospace, Management
Markets: The stock market is wrapping up a good week, with the S & P 500 on Friday pacing for its fifth straight session of gains. Next week: It's a holiday-shortened week with markets closed Thursday for Thanksgiving and closed early (1 p.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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, industrials, Coterra, We're, Blackwell, CrowdStrike, Robert F Kennedy, we'll, JM Smucker, Jim Cramer's, Jim Organizations: CNBC, ., Walmart, Costco, Utilities, Nvidia, Coterra Energy, Technology, Enterprise, Department of Health, Human Services, Department of Justice, Google, Chrome, Burlington Stores, Dick's Sporting Goods, JM, Abercrombie, Fitch, Dell Technologies, HP Inc, Federal, Jim Cramer's Charitable, Traders, New York Stock Exchange, NYSE Locations: New York City
But cargo container trade data reviewed by CNBC tells a more nuanced tale. "We took some action to move product ahead of the port strike which came with more cost," Fiddelke said. Target's peak season imports for 2024 compared to 2023 were flat to down, according to cargo container volumes data pulled and analyzed by ImportGenius. According to customs data aggregated by Panjiva, Walmart imported 25,000 shipments from May 31-August 31, valued at $1.3 billion. "With any frontloading for the port strike, inventory would be up even higher than that."
Persons: Brandon Bell, Brian Cornell, Michael Fiddelke, Fiddelke, William George, Lynn Hughes, we're, Jerry Storch, Storch, Joe Feldman, Feldman, Bill Simon, Simon, Melissa Repko Organizations: Getty, CNBC, Target, ILA, ImportGenius, Storch Advisors, Panjiva, Walmart, Telsey Locations: Austin , Texas, U.S, New England, Texas, West Coast, Savannah , Georgia, Long Beach , California, of Virginia, West, East Coast, Gulf
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