Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "pia"


25 mentions found


Analysts surveyed by LSEG had expected a loss of 7 cents per share on $181 million in revenue. Rubrik reported losses of 21 cents per share, while analysts' estimates had called for a loss of 40 cents per share, according to LSEG. The company also beat revenue expectations, posting $236 million in revenue compared to the consensus estimate of $218 million. Hewlett Packard Enterprise — Shares advanced around 10% after the company reported a top- and bottom-line beat in the fiscal fourth quarter. HP Enterprise reported adjusted earnings of 58 cents per share, versus forecasts of 56 cents per share, according to LSEG.
Persons: Petco, Kitty, LSEG, , Asana, Rubrik, Sen, Mike Lee, Lina Khan's, DraftKings, Yun Li, Sean Conlon, Pia Singh Organizations: Revenue, AMC Entertainment, AMC, Hewlett Packard Enterprise, HP Enterprise, Energy, , Diamondback Energy, Halliburton, respectivley, APA, Federal Trade Locations: LSEG, Utah
The S & P 500 soared to all-time highs this week as investors eagerly snapped up stocks, but some names might be overbought and due for a pullback. Take a look at the broader market's most overbought names below, with week-to-date data current as of Friday morning: Walmart is the most overbought name on the list with an RSI of about 83.3. Netflix , another popular stock, is also considered overbought given its RSI of more than 76. Other overbought stocks include Palantir , United Airlines and Take-Two Interactive Software . The stocks have lost more than 3% and over 2% this week, respectively, and are in the red for the year.
Persons: WMT, Robert Ohmes, Jason Bazinet, Palantir, Booz Allen Hamilton, Kraft Heinz, Mondelez, Kraft, Piper Sandler, Robert F, Kennedy Jr, Donald Trump, Johnson Organizations: Nasdaq, Dow Jones, CNBC Pro, Walmart, Bank of America, Netflix, Analysts, Citi Research, United Airlines, Booz, Department of Health, Human Services, Holdings, Johnson Locations: Thursday's, Canada, United
American Eagle Outfitters — Shares of the apparel retailer sank nearly 14% on disappointing holiday guidance . For the period, American Eagle Outfitters expects comparable sales to rise 1% and total sales to decline 4%. Analysts polled by LSEG had expected earnings of 17 cents on revenues of $799 million. To be sure, the company also cut its full-year earnings guidance. Sprinklr posted adjusted earnings of 10 cents per share, more than the 8 cents per share expected by analysts, according to FactSet.
Persons: LSEG, Stocks, cryptocurrencies, MicroStrategy, Morgan Stanley, SentinelOne, Kroger, Sprinklr, Chargepoint, Synopsys, , Sarah Min, Michelle Fox, Jesse Pound, Pia Singh, Sean Conlon Organizations: Eagle Outfitters, American Eagle Outfitters, StreetAccount, Robinhood, Holdings, Hewlett Packard Enterprise, LSEG, Signet Locations: FactSet
Ulta Beauty – The beauty retailer jumped 12% after posting beats on the top and bottom lines in the fiscal third quarter. That topped analysts' forecast for earnings of $4.54 per share and revenue of $2.50 billion, per LSEG. Samsara's third-quarter adjusted earnings of 7 cents per share exceeded analysts' forecast of 4 cents per share, according to LSEG. UiPath sees fourth-quarter revenue guidance ranging from $422 million to $427 million, while analysts polled by LSEG anticipated $424 million. Lululemon reported $2.87 per share in earnings on $2.40 billion in revenue, exceeding analysts' forecast of $2.69 per share in earnings on $2.36 billion in revenue.
Persons: Ulta, GitLab, Docusign, LSEG, UiPath, Darla Mercado Organizations: Hewlett Packard Enterprise, Wall
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 22, 2024. Stock futures were near the flatline Thursday night as investors awaited key payrolls data. Futures tied to the Dow Jones Industrial Average dipped 21 points, or less than 0.1%. S&P 500 futures edged slightly lower, while Nasdaq 100 futures shed 0.1%. Stocks closed Thursday's session lower, retreating from records the major indexes hit in the previous session.
Persons: DocuSign, Dow Jones, Charlie Ripley, Jerome Powell, Dow Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Ulta, Allianz Investment Management Locations: New York City, U.S, payrolls
Bitcoin's rally to new heights signals even more momentum for a stock market that's also at all-time highs, according to Fundstrat's Tom Lee. "I don't think $100,000 is the ceiling." He told CNBC he was confident that the digital currency would top $100,000 before year-end. Last month, he called for a year-end stock market rally fueled by investor de-risking and "animal spirits" driving postelection gains, largely on hopes of greater deregulation. He's also said that small-cap stocks could get a boost from Federal Reserve interest rate cuts and Trump's business-friendly stances.
Persons: Tom Lee, Lee, CNBC's, Donald Trump's, Paul Atkins, He's, Scott Mlyn Organizations: CNBC, Trump, Wednesday, Securities and Exchange Commission, Federal, Fundstrat Global Locations: Bitcoin
Check out the companies making headlines before the bell: Salesforce — Shares rallied more than 12% after the enterprise software company posted a third-quarter revenue beat. Salesforce reported $9.44 billion in revenue, better than the $9.35 billion expected by analysts, according to LSEG. Pure Storage — Shares surged 21% after Pure Storage beat fiscal third-quarter estimates and highlighted it won a contract with a major tech company. Foot Locker — The stock sank nearly 15% after the sneaker giant posted an earnings and revenue miss. Chewy's $2.88 billion revenue came in line with estimates.
Persons: Salesforce, Jeff Davis, Charles Giancarlo, CNBC's, Piper Sandler, Locker, , Okta, Donald Trump Jr, LSEG, Campbell, Mick Beekhuizen, Roku, Needham, Laura Martin, — CNBC's Sean Conlon, Michelle Fox, Lisa Han, Yun Li, Pia Singh Organizations: Marvell Technology, Marvell, Wall, JPMorgan, PSQ Holdings, General Motors, Detroit automaker, SAIC Motor Corp Locations: China
A handful of stocks could see a rally ahead, according to a bullish price chart pattern closely watched by technical analysts. Take a look below at the stocks we found, using FactSet data: Disney is one of the companies that is about to form a "golden cross." The stock has ripped ahead this year, climbing more than 28.5% — just slightly higher than the broader-market's gains. Cadence Design Systems is another stock that could soon form the chart pattern. Indeed, analysts polled by FactSet have an overweight rating and $173.05 price target on shares, which implies a possible gain of 6.9%.
Persons: Daiwa, Disney, Wells Fargo, Joe Quatrochi, Quatrochi, Alastair Syme Organizations: Disney, Cadence Design, Nasdaq, Cadence Design Systems, Chevron, FactSet, Citi Locations: China
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
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Wall Street bank just refreshed its list of global stocks, including three it gave potential upside of more than 40% . $56 billion package for Musk denied Tesla CEO Elon Musk failed to get his $56 billion 2018 pay package reinstated. "The holiday season is in full swing and spirits seem bright, at least among investors," UBS wrote in a Monday note.
Persons: Goldman Sachs, Elon Musk, Pat Gelsinger, David Zinsner, MJ Holthaus, Gelsinger, Jay Hatfield, , Hatfield, Oppenheimer, John Stoltzfus, Savita Subramanian, Lisa Kailai Han, Alex Harring, Pia Singh Organizations: CNBC, Intel, Investors, Nasdaq, Dow Jones, UBS, Conference Board, downer, Investment, Bank of America Locations: Delaware
U.S. Steel — Shares dropped 8.6% Tuesday, the day after President-elect Donald Trump said he would stop Japan's Nippon Steel from buying the Pittsburgh steelmaker. Zscaler — The cloud security company posted in-line guidance for its fiscal second quarter revenue that disappointed investors, sending shares more than 3.5% lower. PSQ Holdings — Shares surged 89% after Bloomberg News, citing people familiar with the matter, reported Donald Trump Jr. could join the board of PSQ Holdings as soon as Tuesday. South Korean stocks — U.S.-listed shares of South Korean stocks slumped after the country's president declared martial law. FedEx — The Memphis-based package delivery company slipped 3.3% after being downgraded at Bernstein to market perform from outperform.
Persons: Donald Trump, Redburn, LSEG, Zscaler, Donald Trump Jr, Cleanspark, Tesla, Elon Musk's, Bernstein, OLLI, Mgmt, Jesse Pound, Sarah Min, Hakyung Kim, Pia Singh, Michelle Fox Organizations: . Steel, Nippon Steel, Pittsburgh, Holdings, PSQ Holdings, Bloomberg, Revenue, U.S, South, Korea ETF, Franklin FTSE, Franklin FTSE South Korea ETF, FedEx —, Wells Locations: Delaware, Korea, Franklin FTSE South, Memphis, Wells Fargo
Check out the companies making the biggest moves in premarket trading: U.S. Steel — Shares tumbled 7% after President-elect Donald Trump said late Monday he will block the purchase of the steelmaker by Japan's Nippon Steel. A deal was reached in late 2023 for Nippon Steel to buy U.S. Steel, but it has since encountered political opposition. Synchrony Financial — The Stamford, Connecticut-based credit card issuer rose more than 1% after an upgrade to overweight from equal weight at Wells Fargo. Zscaler — The cloud security company forecast for fiscal second quarter revenue nearly matched analysts' estimates, sending shares 7% lower in early trading. CVS Health — Shares rose 1.4% after Deutsche Bank upgraded the drug store chain and pharmacy benefit mansger to buy from hold.
Persons: Donald Trump, Morgan Stanley, Zscaler, Jesse Pound, Hakyung Kim, Sarah Min, Pia Singh Organizations: . Steel, Japan's Nippon Steel, Nippon Steel, Synchrony, Trump, Technology, CVS, Deutsche Bank Locations: Stamford , Connecticut, Wells Fargo
Risks may also arise as a result of "disruptive Trump policies triggering a crash landing" or sticky inflation leading to tighter financial conditions. For 2025, JPMorgan sets a 6,500 target on the S & P 500 with cumulative earnings per share pegged at $270. That suggests about 7.5% potential upside from Monday's close, after a year when the S & P 500 has soared more than 26.5%. .SPX YTD mountain S & P 500 performance this year. "[E]asing in rates should help broaden the earnings recovery within S & P 500 and across the size spectrum," Lakos-Buja said, referring to benefits accruing to mid- and small cap companies.
Persons: Dubravko Lakos, Buja, Donald Trump's Organizations: JPMorgan, U.S, Federal, U.S ., & $ Locations: China, U.S
Learn moreThese limited-time Cyber Monday VPN deals mark the best time of year to sign up for one of the fantastic services. VPN subscription prices dramatically decrease the longer the term, and all of these Cyber Monday VPN deals are throwing in extra months for free. These VPN deals come with at least a 30-day money-back guarantee for added peace of mind. On top of that, it also throws in an additional four months free of charge. Check out our roundup of the best streaming services and Cyber Monday streaming deals if you're looking for something to watch.
Persons: we've, you'll, Pick, There's, Price, Stan Organizations: Business, Theft Insurance, PIA, Netflix, NFL, Max Locations: Australia
Gap — The clothing retail stock jumped 4.7% after JPMorgan upgraded shares to overweight. Stellantis – Shares sank 9% after CEO Carlos Tavares stepped down from his role at the automaker, effective immediately. The company cited "different views" between Tavares and the board of directors as the reason for the departure. Goldman also initiated Commercial Metals Company as a buy, though shares of that company were flat premarket. Hasbro -- The toy and game company's stock ticked up 1.7% as investors monitored the sales results around Black Friday.
Persons: Carlos Tavares, Tavares, Tesla, Pat Gelsinger, David Zinsner, Michelle Johnston Holthaus, Goldman Sachs, Mike Harris, Donald Trump's, Goldman, Stifel, , Samantha Subin, Jesse Pound, Hakyung Kim nnd Sarah Min Organizations: JPMorgan, Intel, . Steel, , Commercial Metals Company, Hasbro, Black Locations: Cleveland
Analyst Craig Irwin upgraded Tesla shares to buy and increased his price target on the stock to $380 from $85. Tesla shares are up roughly 42% year to date, marking a massive turnaround since President-elect Donald Trump won the U.S. presidential election and strengthened his ties with Tesla CEO Elon Musk . "Musk's authentic support for Trump likely doubled Tesla's pool of enthusiasts and lifted credibility for a demand inflection. He believes Tesla's domestic EV market share could rise back above 50% in the near term. The company's market share had fallen to 48.2% in the third quarter, he said.
Persons: Tesla, Roth MKM, Craig Irwin, Donald Trump, Elon Musk, Trump, Irwin, Telsa, Joe Biden, Roth, FactSet Organizations: U.S, Trump, Tesla, EV
Stocks have had an impressive run this year, with the Dow Jones Industrial Average and S & P 500 ending November trading on a strong note, touching all-time highs this past week. The 30-stock Dow added 1.4% in the latest week while the the S & P 500 and Nasdaq Composite indexes both rose 1.1%. For example, using the CNBC Pro stock screener, we found stocks in the S & P 500 that are trading at a discount and could see significant outperformance in the future. But analysts polled by LSEG have a consensus price target that implies more than 56% potential upside for the stock. But based on analysts' consensus target, Regeneron could return about 44% over the coming year.
Persons: Stocks, Biogen, Wall, JPMorgan, Morgan Stanley, David Arcaro Organizations: Dow Jones Industrial, Dow, Nasdaq, CNBC Pro, Wall Street, LSEG, Regeneron Pharmaceuticals, JPMorgan, Devon Energy, AES, chipmaker Micron Technology Locations: Cambridge
A strong market run through November typically bodes well for the final month of the year, according to Ned Davis Research. "One adage that has consistently tested well is, momentum leads price," chief U.S. strategist Ed Clissold wrote in a note to clients on Wednesday. "Big gains tend to be followed by additional gains. "The key takeaway is that positive returns have not pulled forward gains," Clissold said, adding that 1996 was the last year the S & P 500 declined in December after seeing a 20% gain through November. Ned Davis continues to recommend overweighting U.S. stocks, even though the S & P 500 has already exceeded the firm's year-end target of 5,950.
Persons: Ned Davis, Ed Clissold, Clissold Organizations: Ned Davis Research Locations: U.S
Check out the companies making headlines in midday trading: Chip equipment stocks — Global chip equipment stocks rose on news that the Biden administration is considering further sanctions on sales of semiconductor equipment and artificial intelligence memory chips to China that could be less strict than earlier proposals. Advance Auto Parts — Shares dropped 7% after credit rating agency Moody's Ratings downgraded the auto parts company's senior unsecured debt to Ba1, below investment grade, according to FactSet. Hasbro — Shares jumped 2% after Elon Musk floated the prospect of acquiring the toymaker to secure the rights to Dungeons & Dragons. Zeta Global Holdings — The marketing software stock climbed 5.5% after the company's CEO called a recent short seller report "erroneous" on CNBC's "Closing Bell" on Wednesday. Crypto stocks — Stocks tied to the price of bitcoin rose as the cryptocurrency climbed closer to the $100,000 milestone.
Persons: Biden, ASML, Robinhood, Moody's, Elon Musk, Stocks, Yun Li, Jesse Pound, Hakyung Kim, Sarah Min, Sean Conlon, Pia Singh, Tanaya Macheel Organizations: Materials, KLA Corporation, Lam Research, Bloomberg, U.S . Securities, Exchange Commission, Trump, Advance, Hasbro —, Elon, U.S . Target, Costco, Walmart, Zeta Global Holdings, Holdings Locations: China, Dutch, Ba1
Dell Technologies — Shares fell more than 12% after the PC maker said it sees fourth-quarter revenue and earnings below Wall Street expectations . HP said it expects earnings, excluding items, to range between 70 cents per share and 76 cents per share. Autodesk expects earnings per share to be between $2.10 and $2.16, excluding items, and revenue of $1.623 billion to $1.638 billion. Urban Outfitters — Shares popped nearly 12% after the retailer reported an earnings and revenue beat postmarket Tuesday. Ambarella expects revenue of between $76 million and $80 million for the period, above the $69 million that analysts surveyed by LSEG had expected.
Persons: StreetAccount, FactSet, Janesh Moorjani, — Stocks, CrowdStrike, LSEG, George Kurtz, Ambarella, Nutanix, , Samantha Subin, Jesse Pound, Sarah Min, Pia Singh, Michelle Fox Theobald Organizations: Dell Technologies, HP, Autodesk, Urban, postmarket, LSEG . Revenue
Goldman's retail stock picks for Black Friday and the holidays
  + stars: | 2024-11-27 | by ( Pia Singh | In | ) www.cnbc.com   time to read: +3 min
Goldman recently surveyed 1,000 U.S. consumers about their holiday shopping plans, sorted by channel, products and retailers. "We continue to see a healthy holiday shopping backdrop for retailers that offer strong value and innovation across their assortments," Roach said. Amazon remains one of the most popular retail destinations for holiday shopping, attracting slightly more interest compared to the prior year, according to Goldman. Target, another forecasted retail winner this season from Goldman, has lagged its retail peers this year, down 8% in 2024. Wrangler brand owner Kontoor Brands was also among Goldman's buy-rated picks that it thinks can offer strong value and product innovation.
Persons: Goldman Sachs, Goldman, Brooke Roach, Roach, LSEG, Kontoor Brands, Goldman's Organizations: Goldman, Walmart, Target, Kontoor Brands, Black, Kontoor
The latest quarter's earnings and sales fell short of Wall Street analysts' estimates, and the CEO will step down in January. Some analysts had been hoping for weight loss up to 25% in the phase two trial. Zoom earned an adjusted $1.38 per share on $1.18 billion in revenue, against Street estimates of $1.31 in earnings per share and $1.16 billion in revenue. Novo Nordisk , Eli Lilly — The maker of diabetes and weight loss drugs rose between 2% and 5%. The Biden administration introduced a new rule allowing Medicare and Medicaid to the cost of weight loss treatments for Americans suffering from obesity .
Persons: Amgen, Morgan Stanley, Dana, Abercrombie, Bernstein, Donald Trump, Stellantis, Ford, Zoom, Eli Lilly —, Biden, CNBC's Hakyung Kim, Pia Singh, Samantha Subin, Jesse Pound Organizations: Street, HSBC, Franklin Resources, Western Asset Management, Dana Inc, Abercrombie, Fitch, LSEG, Royal Caribbean, Chrysler, General Motors, Energy, FactSet, Zoom Communications, Novo Nordisk Locations: LSEG ., Mexico, Canada
Abercrombie & Fitch reported third-quarter earnings of $2.50 per share, topping the $2.39 per share LSEG consensus estimate. Revenue was $1.21 billion, versus the $1.19 billion expected. Best Buy — Shares slid 7.4% after Best Buy posted third-quarter results that missed analyst expectations and cut its full-year sales forecast. Adjusted earnings of $1.26 per share came in below the $1.29 per-share earnings expected by analysts polled by LSEG. Fluence reported $1.23 billion in revenue for the quarter, below the $1.28 billion expected by analysts, according to FactSet.
Persons: Fitch, Kohl's, LSEG, Donald Trump, Dick's, Rivian, Fluence, Eli Lilly —, Eli Lilly, Biden, Nordisk's Wegovy, Eli Lilly's Zepbound, , Sarah Min, Sean Conlon, Fred Imbert, Jesse Pound, Michelle Fox Theobald Organizations: Abercrombie, Fitch, Revenue, LSEG, General Motors, Ford, Georgia EV, Energy, Novo Nordisk, drugmakers Novo Nordisk, Nordisk's Locations: LSEG ., China, Mexico, Canada, Georgia
NYSEThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayWinning week for marketsMajor U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet shares dropping. [PRO] Interest rates back in focusThis week, the October personal consumption expenditures price index, out Wednesday, will dominate attention. The Dow Jones Industrial Average was 2% higher for the week and the S&P 500 and Nasdaq Composite both climbed around 1.7%.
Persons: GOOG, Donald Trump, Scott Bessent, Bessent, Kevin Warsh, Marc Rowan, Sir Richard Branson, Russell, Sam Stovall, Sundeep Gantori, — CNBC's Pia Singh, Alex Harring, Jesse Pound Organizations: New York Stock Exchange, NYSE, CNBC, U.S, Trump, Treasury, Fed, Anthropic Amazon, COP29, Virgin, U.S . Federal Reserve, Federal, Market, Nvidia, U.S . Department of Justice, Big Tech, Dow Jones, Nasdaq, Super Micro Company, CFRA Research, NVIDIA, UBS Locations: New York City, Anthropic, Azerbaijan
Brendan McDermid | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayWinning week for marketsMajor U.S. indexes rose on Friday to end the week in the green, despite mega-cap stocks Nvidia and Alphabet dropping. The rate affects around 900 billion yuan ($124.26 billion) worth of one-year loans to some financial institutions. [PRO] Interest rates back in focusThis week, the October personal consumption expenditures price index, out Wednesday, will dominate attention.
Persons: HSI AMZN, Brendan McDermid, Donald Trump, Scott Bessent, Bessent, Kevin Warsh, Marc Rowan, Sir Richard Branson, Russell, Sam Stovall, Sundeep Gantori, — CNBC's Pia Singh, Alex Harring, Jesse Pound Organizations: New York Stock Exchange, Reuters, CNBC, U.S, China's CSI, Trump, Treasury, Fed, Bank of China, COP29, Virgin, U.S . Federal Reserve, Federal, Market, Nvidia, U.S . Department of Justice, Big Tech, Dow Jones, Nasdaq, Super Micro Company, CFRA Research, NVIDIA, UBS Locations: Asia, Pacific, China's, Azerbaijan
Total: 25