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Or are the stocks that are now hated going to turn out to be precursors of the next downturn? Of all the techs I follow, I think ServiceNow probably had the best quarter. We know what to pay when we think a stock is going up, which is the going price. Next thing you know that stock is down to $143 and you say to yourself, should I buy it back? In that case, you need to sell stocks pretty aggressively until we get oversold, raising cash to 10% like us.
Persons: gaga, Everest, it's, Dow, ServiceNow, Jensen Huang, Bill McDermott, Bill, CARR, hasn't, Dupont, Let's, let's, Christian McCaffrey, Jeff Marks, FOMO, that's, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: Nasdaq, Walmart, Costco, Nvidia, Fed, Dow, Electric, GE, Accenture, SAP, Otis Worldwide, Carrier Global, Caterpillar, Apple, Football, Bull, San Francisco 49er, CNBC Locations: Eaton
CNBC's Jim Cramer on Thursday shared common mistakes investors make during big market moves, especially during a rally. If investors do decide to buy, Cramer recommended making limit orders instead of market orders. "Market orders put you at the mercy of an unmerciful market," he said, suggesting investors stick with limit orders to guard against radically overpaying for stocks. Cramer thinks Disney was able to buck the trend in part due to CEO Bob Iger's confidence despite its mixed earnings report. To Cramer, the current market trend is selling off big-cap tech stocks.
Persons: CNBC's Jim Cramer, Cramer, Disney, Bob Iger's Organizations: Dow Jones, Disney
Taylor Swift's Eras Tour is set to break records, with some estimating it could gross $1.4 billion. Swift is set to take home hundreds of millions of dollars — and "mini-residencies" will help. There's no arguing that, when it comes to her Eras tour, Taylor Swift is polishing up real nice. This will likely be an immensely profitable tour for Swift no matter what, but thanks to one key business move, she's set to make even more. "The totality of Taylor Swifts' U.S. tour could generate $4.6 billion in total consumer spending, larger than the GDP of 35 countries," the Common Sense Institute estimated.
Persons: Taylor, Swift, She's, Taylor Swift, she's, Nathan Hubbard, Harry Styles, Hubbard, That's, wouldn't Organizations: Swift, Ticketmaster, Firebird, Kia Forum, Las, Federal Reserve, Pitchfork, Taylor Swifts Locations: Los Angeles, Toronto, San Diego, Ottawa, New, Covid, Las Vegas, Louis, Phoenix, Nashville, Chicago, Kansas City , Missouri, Philadelphia, U.S
She enrolled in a 10-day semiconductor training course and landed a new job at Intel soon after. A few weeks later, she told Insider, she received an email about the "Quick Start" program — a 10-day crash course on how to be a semiconductor processing technician. The Quick Start program's website says that semiconductor companies will hire over 20,000 workers in Arizona in the coming years. Of 240 former Quick Start students who filled out an employment outcome form as of June 30th, 75, or 31%, said they had been "hired in field," per MCCC. "I start work at 5:45 AM, and I get off at 6:15 PM," she said.
Persons: Lisa Strothers, chipmakers, Strothers, Biden, Cesar Becerra, GlobalFoundries, , Lisa Strothers Lisa Strothers, Intel's, she'd, Cesar Becerra Cesar Becerra, I'm, that's, there's Organizations: Intel, Schools, Service, Taiwan Semiconductor Manufacturing Company, Mesa Community College, Science, Deloitte, Micron, MCCC, Labor Statistics Locations: Wall, Silicon, Arizona, Arizona's Maricopa County, Maricopa County, China, Taiwan, Phoenix
The average salary in the US is $60,575, but you can make $125,000 managing a car wash at Buc-ee's. As of 2022, about 14,200 individuals were employed in this field and the mean annual salary was $70,290 , or an average of $33.79 an hour. According to recent information from Salary.com , bingo managers can earn between $51,965 and $112,599 a year, with a mean salary of $70,241. In 2022, the US Bureau of Labor Statistics listed the mean annual salary for truck drivers as $53,090, or $25.52 an hour. The mean annual salary is $81,530 , or $39.20 an hour, and 38,380 individuals were employed in this role in 2022, according to data from the US Bureau of Labor Statistics.
Persons: Joe's Topping, Joe's, there's Organizations: Service, Social Security Administration, US Bureau of Labor Statistics, Bureau of Labor Statistics, Walmart, Technologists Locations: Wall, Silicon, United States
Nolan's "Oppenheimer" fails to highlight the women who helped make the Manhattan Project possible. Here are the stories of just six of the hundreds of women that made essential contributions to the Manhattan Project in Los Alamos. Hornig first arrived at Los Alamos after Manhattan Project officials tapped her husband to join the effort. Los Alamos National LaboratoryCharlotte SerberCharlotte Serber first went to Los Alamos with her husband, a physicist, in 1942. Los Alamos National LaboratoryMaria Goeppert MayerTheoretical physicist Maria Goeppert Mayer contributed to the development of nuclear fission while working at Columbia University, Sarah Lawrence College, and visiting Los Alamos from time to time.
Persons: Nolan's, Oppenheimer, Christopher Nolan's, J, Robert Oppenheimer, Lilli Hornig, Charlotte Serber, Nolan, Hornig, Lilli Hornig's, Alamos National Laboratory Charlotte, Serber, Charlotte Serber's, Alamos National Laboratory Floy Agnes, Naranjo Stroud, Lee Floy Agnes, Lee, — Lee, Louis Slotin, Joan Hinton Joan Hinton, Hinton, Harry Daghlian, Joan Hinton, Reuters Elizabeth Graves Elizabeth Graves, Graves, Henry Barschall, Elizabeth Graves, Alamos National Laboratory Maria Goeppert Mayer, Maria Goeppert Mayer, Sarah Lawrence, Mayer, Edward Teller, Sharon McGrayne, Marie Curie Organizations: Manhattan, Service, Manhattan Project, Trinity Test, Hornig, Alamos National Laboratory, Sun, University of New, University of Chicago, American Indian Science and Engineering Society, University of Wisconsin, Los Alamos, Trinity, New York Times, Reuters, US Department of Energy, Columbia University, Sarah, Sarah Lawrence College Locations: Wall, Silicon, Los Alamos , New Mexico, Los Alamos, United States, Berlin, Germany, New Mexico, Japan, Santa Fe, University of New Mexico, Santa Clara Pueblo, Hiroshima, Nagaski, China, Beijing, Alamos, Los,
The impossibility of any company doing anything right, or as right as the market seems to judge, serves as the only homily worth offering. You simply don't land at all. Of course, the biggest worry to this market is its two-tiered nature: The mega-cap techs versus all the rest. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Warren Buffett, It's, Jerome Powell's, Alan Greenspan, Ben Bernanke, Powell, deride Powell, , it's, Wells, Vin Diesel, he'll, Goldman Sachs, Amy Hood, Tim Cook's, Mark Zuckerberg's pickleball, Clive Cussler, Stephen King, Lina Khan's, Jonathan Kanter, Khan, Morgan, let's, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Apple, Wells, JPMorgan, PepsiCo, Treasury, Bank of America, Microsoft, Activision Blizzard, Nvidia, Intel, Devices, Colgate, Federal Trade, Activision, Justice Department, sycophantic, Fed, Jim Cramer's Charitable, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: People's Republic of China, China, Wells Fargo, America, New York
AI Boom Stems Tech’s Downturn
  + stars: | 2023-07-06 | by ( Tom Dotan | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ai-boom-stems-techs-downturn-a669b4a3
Persons: Dow Jones
InsiderThe film industry has a sustainability problem, and it's massive: The average tentpole production — a film with a budget over $70 million — generates 2,840 tonnes of carbon dioxide, the British Film Institute reported. Yawger saw raw materials from industry waste transform into items such as tables, outdoor furniture, bowls, and benches. "It revealed the film industry was the second most polluting behind aerospace," Jennifer Sandoval, the director of service development at Earth Angel, told Insider. "Plastic and trash are very visible in the film industry, and people can understand why we need to change things," Yawger said. These changes might help drive a more climate-conscious narrative or simply enable Earth Angel to swap out a character's plastic water bottle for a reusable one.
Persons: Max, Leonardo DiCaprio's, Tamsin Hollo, Hollo, Quinn Yawger, Yawger, it's, we're, Jennifer Sandoval, Sandoval, NBCUniversal, Bosque Organizations: British Film Institute, Railroad, University of California, Netflix, United Locations: Thailand, Atlanta, Los Angeles, California, Niebla, Mexico, United Nations
HAL YTD mountain Halliburton's year-to-date stock performance. AMZN YTD mountain Amazon's year-to-date stock performance. GOOGL YTD mountain Alphabet's year-to-date stock performance. That's lagged many other large-cap tech peers over the same stretch, including Club stock Nvidia (NVDA), which climbed 11%, and Adobe (ADBE), which advanced 10%. PANW YTD mountain Palo Alto Networks' year-to-date stock performance.
Persons: It's, hasn't, it's, Halliburton, We're, we'd, it'd, what's, we're, Linde, Jim Cramer's, Jim Cramer, Jim, Pat Carter Organizations: Halliburton, HAL, Linde, LIN, Palo Alto Networks, Wall, Club, Coterra Energy, Federal, Amazon, Amazon Web, Microsoft, Nvidia, Adobe, Networks, CNBC, Getty Locations: Thursday's, Palo, U.S, Europe, Stillwater , Oklahoma
CNN —Shannen Doherty continues to share her cancer journey. On Wednesday, the actress posted a video on social media from when she underwent surgery in January to remove and biopsy a tumor in her brain. The fear was overwhelming to me,” part of the caption on the video reads. Yesterday’s video was showing the process of getting fitted for the mask which you wear during radiation to your brain,” the caption reads. In 2020, Doherty announced that the cancer had returned and was stage 4.
Persons: CNN — Shannen Doherty, , , ” Doherty, Dr Amin, Doherty Organizations: CNN Locations: Beverly Hills
The Awkward Partnership Leading the AI Boom
  + stars: | 2023-06-13 | by ( Tom Dotan | Deepa Seetharaman | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/microsoft-and-openai-forge-awkward-partnership-as-techs-new-power-couple-3092de51
Persons: Dow Jones Organizations: microsoft
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/microsoft-and-openai-forge-awkward-partnership-as-techs-new-power-couple-3092de51
Persons: Dow Jones Organizations: microsoft
The draining reservoir is revealing weapons that date back to World War II. The lurking dangers are also a reminder of the heavy fighting Ukraine saw in World War II. "The water area of the reservoir is contaminated with ammunition. S-300s are Russian-made surface-to-air missiles, and Smerch rockets are heavy rockets fired from mobile launchers. The older dangers lurking in the area are a reminder of the heavy fighting Ukraine saw in World War II.
Persons: , Oleksandr Chechko, Julian Borger Organizations: Authorities, Service, Soviet, Nazi, Ministry, Internal Affairs, Ukrainian, Nazi Wehrmacht, Red Army Locations: Ukraine, Russia
Tech stocks haven't outperformed their rivals this much since the dot-com bubble, according to one measure. The tech-heavy Nasdaq Composite beat the Dow Jones Industrial Average by 9.3 percentage points in May. That’s the biggest gap between the two indices since October 2001, according to Dow Jones data. That's the biggest gap between the two stock-market gauges since October 2021, according to Dow Jones data that was cited by MarketWatch. Nvidia has emerged as a clear winner from the AI boom, racking up gains of nearly 160% year-to-date, with other mega-cap tech stocks like Meta Platforms and Tesla also surging in 2023.
Persons: Dow Jones, , Read Organizations: Nasdaq, Dow Jones, Service, Tech, MarketWatch, Nvidia, Tesla
Big banks are hiring a lot of AI talent, but are having a tough time holding on to it. The difficulty banks have retaining AI talent, however, isn't due to poaching among peers. Banks can lure in AI talentIt's true that big banks have the wherewithal to hire and capitalize on top AI talent and are attractive at the outset to those looking for a new shop. "The AI talent coming to the financial-services industry is almost like supporting the tech talent, if you will," Hirsch said. Big Tech has its own problems right nowTo be sure, banks are snagging from Big Tech too.
The S & P 500 is "supported" by just seven mega-cap tech stocks right now — and it's starting to look a lot like the 1990s tech bubble, one analyst told CNBC on Wednesday. "The S & P 500 [is being] supported by a few expensive mega cap techs," said Eric Lynch, managing director of Scharf Investments. Seven companies — Apple , Microsoft , Nvidia , Meta , Tesla , Amazon and Alphabet — account for 95% of the S & P 500's total return in the first quarter, he noted. "To us this looks a lot like the tech bubble in 1990s when tech gave the world massive outperformance over value, over mid cap small caps, international stocks," he told CNBC's " Street Signs Asia. " Stock picks Lynch named three stocks he said are cheap right now.
Techs lift the S&P 500, dollar softens
  + stars: | 2023-04-26 | by ( Stephen Culp | ) www.reuters.com   time to read: +3 min
SINGAPORE, April 26 (Reuters) - The S&P 500 inched higher on Wednesday and the dollar weakened as investors weighed solid company earnings against weaker-than-expected economic data and ongoing wrangling in Washington on raising the debt ceiling. "Megacaps are doing well based on strong earnings," said Bill Northey, senior investment director at U.S. Bancorp in Helena, Montana. The Dow Jones Industrial Average (.DJI) fell 42.01 points, or 0.13%, to 33,488.82, and the S&P 500 (.SPX) gained 8.73 points, or 0.21%, to 4,080.36. The U.S. dollar softened against a basket of major world currencies as the previous session's flight to safety faded and the euro gained strengthThe dollar index fell 0.46%, with the euro up 0.68% to $1.1047. Crude prices extended their losses as weak economic data further fueled fears of an economic downturn.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe differential between the large and small cap techs is huge, says Aureus' Kari FirestoneJoe Terranova, Liz Young, Kari Firestone, Sarat Sethi join 'Halftime Report' to discuss tech earnings, advertisement spending, and Meta's spending towards the metaverse and A.I..
I do not understand how it could be double the price of the stock when the TVB means that if you closed the bank that's what you would get. I know the stock of Wells Fargo (WFC) didn't do much after it reported. Now, I offer the story of these banks as a preamble to what I see happening in the stock market right now. I don't want to conflate a day of good bank earnings with a month of good stock prices. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Four cast and crew members from the "Bel-Air" fan video were told they'd get hired for the TV show. Kerry Rounds, producer: 'I helped the fan trailer go viral and connected Cooper to Will Smith'I'm a film producer and social-media strategist. When the trailer was done and posted, I told Cooper I could call in some favors and get this thing seen. Cooper told me he'd pitched me for an executive role to NBC. When Kerry was still around for the project, things seemed to function more like a professional film set.
"We believe this will allow all of our businesses to become more agile, enhance their business decision-making, and respond faster to market changes," CEO Daniel Zhang told investors. "Alibaba Group will be in the nature of a holding company that is the controlling shareholder of the business group companies," Zhang said. When asked about the timeline of Alibaba's restructuring, Zhang said the "strategy and business planning for the business groups will commence immediately." CFO Tony Xu said separating Alibaba's entities would allow it to determine the performance of each business. "We believe that the market is the best litmus test so each business group company can pursue independent fundraising and IPOs as and when they are ready after going public," he said.
The retailers, which both released their quarterly earnings on Wednesday, began investing heavily into pet health when the pandemic-fueled pet boom saw 23 million American households welcome a new animal into their homes. The boom turned the overall pet market into a $123.6 billion dollar powerhouse in 2021, and it's expected to grow. Pet health care – and the high margins that come with it – is a crucial component to that overall market. It changed its name to Petco Health and Wellness Company in 2020. Pet adoptions surged during the pandemic, triggering a surge in demand for pet goods.
Big cap tech drew in investors in droves this past week, as the market struggled against volatile interest rates and fears of banking sector contagion. The futures market Thursday was pricing in strong odds of a quarter-point rate hike from the Federal Reserve next week. The big cap tech names are benefiting from a flight-to-quality within the sector, since those stocks have strong cash flow and reliable earnings. The 2-year Treasury yield , for instance, rose above 5% last week but this past week it was well below 4%. Tech and growth names have reacted poorly when rates rise, since investors tend to pay a premium for the promise of future earnings growth.
Beaten-up travel stocks have also enjoyed solid gains this year, as investors bet that the worst-case fears of an imminent recession may turn out to be for naught and consumers catch up on missed travel. Some fear this ferocious rebound in consumer and tech stocks may be happening too quickly. “That means there are broader opportunities outside of tech and growth stocks and more in the value and small cap sectors.”Growth stocks, and tech in particular, make more sense as investments if the Fed were set to start slashing interest rates. Add all that up and it could mean that the recent rebound for Tesla, big techs and media firms and other consumer stocks could be short-lived. “Inflation and interest rate uncertainty means we continue to believe value stocks, including the global energy sector, will outperform growth stocks,” Haefele said.
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