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☆ Sunrun sees market opportunity after SunPower files for bankruptcy, company's shares surge
▼ + stars: | 2024-08-07 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

A contractor carries a SunRun solar panel on the roof of a home in San Jose, California, U.S., on Monday, Feb. 7, 2022. Sunrun stock jumped 11% on Wednesday as the rooftop solar installer sees an opportunity to snag market share after competitor SunPower filed for bankruptcy this week. "This presents an opportunity for Sunrun to continue our industry leadership and gain share in a financially disciplined and measured way," Powell told analysts on the company's second-quarter earnings call Tuesday. Sunrun has hired two former SunPower executives, Matt Brost and Ellen Struck, to lead the company's new homes business. Sunrun's stock is up about 50% over the past month, though shares are down about 6.7% so far this year.

Persons: SunPower, Mary Powell, Powell, Sunrun, Matt Brost, Ellen, Goldman Sachs, Brian Lee Organizations: Wall Locations: San Jose , California, U.S

☆ Here's why Eli Lilly is down heading into earnings — and how we plan to play it
▼ + stars: | 2024-08-07 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Eli Lilly shares declined 1.7% Wednesday after peer Novo Nordisk posted disappointing earnings results before the bell. Investors are weighing if the same fate is in store for Club holding Eli Lilly and its GLP-1 drugs Zepbound and Mounjaro. Still, Jim said Eli Lilly shares could fall further after the drugmaker releases its own quarterly results on Thursday. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Dow, Eli Lilly, —, Jim, That's, Jim Cramer's Organizations: CNBC, Dow Jones Industrial, Nasdaq, Novo Nordisk, Club, Novo Nordisk's, CVS, Management

☆ These high-dividend-yielding stocks could see a rebound as rates decline, BMO says
▼ + stars: | 2024-08-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Now could be a good time to start buying stocks with high dividend yields, according to BMO Capital Markets. The highest-paying S & P 500 stocks have significantly underperformed the index over the last year and a half, even with the rebound they've enjoyed in recent months, said chief investment strategist Brian Belski. They are rated outperform by the firm's analysts and fall within the top 25% of S & P 500 stocks by dividend yield. Digital Realty Trust, which pays a 3.28% dividend yield, owns, develops and operates data centers — which are expected to see surging demand thanks to AI . Host Hotel & Resorts, which owns luxury and upper-upscale hotels, has a 4.92% dividend yield and is down 16% so far this year.

Persons: they've, Brian Belski, Belski, AbbVie Organizations: BMO Capital Markets, Federal, Fed, BMO, Pfizer, pharma, AbbVie, Cerevel Therapeutics, American Electric Power, Southern Company, Utilities, Digital Realty Trust, Host Hotels, Resorts Locations: Southern

☆ Nikkei 225: Asian markets make solid gains following global rout
▼ + stars: | 2024-08-07 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Asian markets made solid gains Wednesday, with Japanese shares reversing early losses after a central bank official played down the prospect of an immediate hike in interest rates. The gains follow days of volatility, which saw the Nikkei suffering Monday its biggest daily loss since 1987. “We won’t raise interest rates when financial markets are unstable,” he was quoted as saying in a speech to executives in the northern Japanese city of Hakodate. The central bank has hiked interest rates twice this year in a bid to contain inflation. Decades of extremely low interest rates in Japan had seen many investors borrow cash cheaply there before converting it to other currencies to invest in higher-yielding assets.

Persons: Shinichi Uchida, Kospi, Hong, Taiex, Uchida, ”, Olesya Organizations: Hong Kong CNN, Nikkei, Bank of Japan, US, Dow, Nasdaq Locations: Hong Kong, Asia, South, Hakodate, “, Japan, Europe, London

☆ Novo Nordisk cuts profit outlook over disappointing Wegovy sales
▼ + stars: | 2024-08-07 | by ( ) edition.cnn.com time to read: +3 min

London — Novo Nordisk trimmed its full-year profit outlook Wednesday after reporting weaker-than-expected quarterly sales of its popular weight loss drug Wegovy. Chief Financial Officer Karsten Munk Knudsen in an interview called the market reaction unsurprising, given the market’s sensitivity to Novo’s mega-blockbuster drug Wegovy. Sales of Wegovy, Novo’s first-to-market weight loss drug, rose 53% to 11.66 billion crowns, well below the 13.54 billion crowns expected by analysts, while sales of Ozempic, a diabetes drug with the same active ingredient, also just missed expectations. Operating profit in the quarter rose 8% at constant exchange rates to 25.9 billion Danish crowns ($3.8 billion) compared with the 27.3 billion crowns forecast by analysts in an LSEG poll. All eyes on supplyNevertheless, Novo raised its sales growth outlook for this year to between 22% and 28% in local currencies from 19% to 27% previously.

Persons: Karsten Munk Knudsen, Wegovy, ”, Markus Manns, Lars Fruergaard Jorgensen, Eli Lilly, Jorgensen, Novo’s, Novo, Lilly Organizations: London, Nordisk, Novo, Union Investment, Barclays, Citi Locations: Germany, Danish, United States, Britain

☆ Disney falls on concerns about its theme park business. Here's why we'd buy the stock
▼ + stars: | 2024-08-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +10 min

Shares of Disney fell Wednesday as concerns about attendance at its theme parks overshadowed streaming profits and better-than-expected headline results. The combined streaming business — encompassing Disney+, Hulu and ESPN+ — turned in its first-ever quarterly profit slightly ahead of schedule. Then, about two weeks ago, CNBC parent Comcast issued weak April-to-June results for its Universal theme parks business, which weighed on Disney's stock in that session . And, at this point, getting to profitability in the combined streaming business, which adds ESPN+ into the mix, was the biggest focus. "So, I do believe the parks business is in fundamentally good shape.

Persons: LSEG, —, Jim Cramer, Jim, we're, Hugh Johnston, Johnston, Disney, Bob Iger, Jim Cramer's, Walt, Gary Hershorn Organizations: Disney, Revenue, ESPN, Comcast, Netflix, Warner Bros Discovery, Paramount Global, Hulu, CNBC, PepsiCo, Wall Street, ABC Network, Geographic, Management, Magic, Walt Disney World, Corbis, Getty Locations: U.S, India, Orlando , Florida

☆ Consumer giants from Starbucks to General Mills have one big sales problem: China
▼ + stars: | 2024-08-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Nurphoto | Nurphoto | Getty ImagesBEIJING — A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market. "Consumer sentiment in China is quite weak," McDonald's chairman, CEO and director Christopher Kempczinski, said of the quarter ended June 30. Apple said Greater China sales fell by 6.5% year-on-year in the quarter ended June 29. Procter and Gamble said China sales for the quarter ending late June fell by 9%. The only public disclosures regarding Peet's China business described it as "strong double-digit organic sales growth" in the first half of the year.

Persons: —, Christopher Kempczinski, McDonald's, Lei Meng, Apple, Johnson, that's, General Mills, Kofi Bruce, Mills, Andre Schulten, Procter, Gamble, Schulten, Marriott's, Domino's, DPC Dash, There's, James Quincey, Quincey, We've, Laxman Narasimhan, Luckin Organizations: Nurphoto, Getty, BEIJING, U.S, Nationwide, UBS Securities, General, Procter, Marriott, Asia Pacific, Starbucks Locations: Yichang, Hubei province, China, U.S, Canada, Greater China, Southeast Asia, Japan, South Korea, Asia, Peet's

☆ Novo Nordisk shares dip as Wegovy maker posts earnings miss, cuts operating profit outlook
▼ + stars: | 2024-08-07 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Novo Nordisk Wegovy manufactured by Novo Nordisk packaging is seen in this illustration photo taken in a pharmacy in Krakow, Poland on April 8, 2024. EBIT — earnings before interest and tax — came in at 25.93 billion Danish kroner in the second quarter, which was also below the LSEG forecast of 26.86 billion Danish kroner. Novo Nordisk on Wednesday posted weaker-than-expected net profit in the second quarter and trimmed its operating profit outlook. Novo Nordisk CEO Lars Fruergaard Jørgensen on Wednesday said that the company was expecting "attractive growth" in the coming months. The drug was approved in China in the second quarter, opening it for sale in the world's second largest economy.

Persons: Jakub Porzycki, —, Wegovy, Lars Fruergaard Jørgensen, CNBC's, Roche, Jørgensen Organizations: Novo Nordisk Wegovy, Novo Nordisk, Getty, Nordisk Locations: Krakow, Poland, London, China

☆ In a reversal, Disney's media assets are starting to generate more excitement than its parks
▼ + stars: | 2024-08-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Here's a surprise: Disney 's media business isn't weighing down the company anymore. Disney's combined streaming businesses — Disney+, Hulu and ESPN+ — turned a quarterly profit for the first time ever, making $47 million. Meanwhile, Disney saw a "moderation of consumer demand towards the end of [fiscal] Q3 that exceeded our previous expectations" for its theme parks division. The company said last year it plans to invest $60 billion in its theme parks and cruise lines in the next decade. Disney shares dropped Wednesday, likely because investors were focused on the parks.

Persons: Here's, —, Disney, Bob Iger, Iger, Captain America, we're, Hugh Johnson Organizations: Hulu, ESPN, Disney, Netflix

"That, of course, requires more capacity, more ships in order to move global trade around the world, and that has created some shortages here in the second quarter and in the third quarter that we're dealing with at the moment," Clerc told CNBC's "Squawk Box Europe." Maersk on Wednesday reported lower year-on-year revenue in the second quarter and across the first half of the year. It also posted second-quarter underlying profit of $623 million, a drop compared to the $1.35 billion reported in the same period last year. Container demand has been more robust than expected but is expected to cool in the coming quarters, Clerc said. Maersk shares were 1.8% lower at 11:33 a.m. in London.

Persons: Vincent Clerc, Clerc, CNBC's Organizations: Maersk Locations: Africa, Good, Europe, U.S, Asia, London

☆ Analysis: The math behind why Harris picked Walz and why she may regret it
▼ + stars: | 2024-08-06 | by ( Harry Enten | ) edition.cnn.com time to read: +5 min

So what took Walz from, nationally speaking, a relative unknown to major-party vice presidential nominee? But is the Walz pick indicative of a campaign that is too online? After all, the Harris campaign has been riding a wave of good emotions since she became the presumptive Democratic nominee. One of the first rules when it comes to a vice presidential pick is to “Do no harm.” Harris likely did no harm with this pick. She seems to have momentum, and the Walz pick will probably do nothing to impede it.

Persons: Tim Walz hadn’t, Kamala Harris, Walz, Donald Trump, JD Vance, Vance, He’s, Harris, ” Harris, Joe Biden’s, Josh Shapiro, Shapiro, Walz’s, can’t, –, ’ Organizations: CNN, Minnesota Gov, Republican Party, Republican, Pennsylvania Gov, Democratic Party, Democratic, North Star State, Biden, White, ” Locations: Shapiro . Minnesota, Washington, . Pennsylvania, Pennsylvania, Minnesota

☆ What the Fed must do to soothe markets after a historic global sell-off, according to JPMorgan strategy chief David Kelly
▼ + stars: | 2024-08-06 | by ( Kelly Cloonan | Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Kelly says the Fed needs to broadcast its confidence in the economy to soothe jittery markets. JPMorgan's David Kelly told Business Insider he sees a possibility for even deeper losses following the big rout. We do stand ready to cut rates as appropriate but we don't think there's a very urgent situation here," Kelly said. More importantly, cutting rates abruptly would potentially instill more fear about the economy among investors, Kelly said. And I don't think the Federal Reserve tells people that, or maybe they don't appreciate it themselves," Kelly said, adding, "It's a drag before it's a stimulus."

Persons: Kelly, JPMorgan's David Kelly, —, David Kelly, Monday's, we've, Dow Jones Organizations: Fed, Service, JPMorgan Asset Management, Nasdaq, Nikkei, Reserve Locations: Japan

☆ CNBC Daily Open: Dow sheds 1,000 points, Japan stocks rebound
▼ + stars: | 2024-08-06 | by ( Abid Ali | Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Dow plummeted over 1,000 points, while the S&P 500 and Nasdaq Composite fell 3% and 3.4%, respectively. Wharton finance professor Jeremy Siegel urged the Federal Reserve to make an emergency 75-basis-point cut in the federal funds rate following Friday's disappointing jobs data. Siegel believes the current fed funds rate "should be somewhere between 3.5% and 4%," citing the higher-than-expected unemployment rate and declining inflation as reasons for the cuts. "How much have we moved the fed funds rate?

Persons: Berkshire Hathaway, Amit Mehta, Wharton, Jeremy Siegel, Siegel, Austan Goolsbee, Goolsbee, CNBC's, Korea's Kospi, Richard Kaye Organizations: CNBC, Dow Jones Industrial, Dow, Nasdaq, Tech, Nvidia, Tesla, Berkshire, Google, Department of Justice, Federal Reserve, Chicago Federal, Nikkei, Honda, Renesas Electronics, CSI Locations: U.S, Asia, Pacific

☆ Super Micro announces 10 for 1 stock split
▼ + stars: | 2024-08-06 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Server company Super Micro Computer on Tuesday announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on Oct. 1. Shares of Super Micro, which joined the S&P 500 in March, surged 246% in 2023 and are up 117% year-to-date. Super Micro shares slid as much as 7% in extended trading. Super Micro said it expects first-quarter revenues between $6 billion and $7 billion, beating Wall Street's estimate of $5.46 billion. It expects EPS of $5.59 to $8.27, or a $7.48 midpoint, compared to the consensus estimates of $7.58.

Persons: Wall Organizations: Computer, Dell, Hewlett Packard Enterprise, Nvidia, Super Micro

☆ Tech had a rough day. But don’t call it a dot-com meltdown moment yet
▼ + stars: | 2024-08-06 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

On Monday afternoon, a federal judge ruled that Google violated US antitrust law with its search business. And despite yesterday’s decline, which already appears to have begun reversing, shares of Apple, Amazon, Microsoft, Meta, Google and Nvidia all remain up strongly year-to-date. Anything that threatens its market share could also put that core business — already facing competitive threats from emerging AI tools — at risk. It could also embolden lawmakers who have been looking to crack down further on the power of Big Tech. “This ruling will inspire short-term confidence for DuckDuckGo, Yahoo and other Google Search competitors.

Persons: New York CNN — It’s, “, Charlie Miner, ” Miner, Angelo Zino, ” Zino, they’re, it’s, ” Sen, Amy Klobuchar, ” Organizations: New, New York CNN, P Global, Investors, Google, US Federal Reserve, Big Tech, CNN, Research, Apple, Microsoft, Meta, Amazon, Nvidia, Tech, Yahoo Locations: New York, Google’s

☆ Stocks making the biggest moves premarket: Palantir, Caterpillar, Yum China, CrowdStrike and more
▼ + stars: | 2024-08-06 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell: Palantir Technologies — The data analytics company rallied 11% after raising its full-year revenue forecast. Yum China — Shares surged 8% after the Shanghai-based operator behind Pizza Hut and Taco Bell posted second-quarter earnings that beat expectations. Adjusted earnings of 55 cents per share topped the 47 cents per share anticipated by analysts surveyed by LSEG. Earnings came in at 47 cents per share, topping the 31 cents expected from analysts polled by LSEG. CSX reported earnings of 49 cents per share in the second quarter, above the 48 cents anticipated by analysts in an LSEG survey.

Persons: Taco Bell, Piper Sandler, ZoomInfo, LSEG, Lucid, — CNBC's Michelle Fox, Fred Imbert, Jesse Pound Organizations: Technologies, Taco, LSEG, Revenue, Caterpillar, Nvidia, Micro Computer, Broadcom, Intel, CSX Locations: China, Shanghai

The S & P, Nasdaq and Dow also are on pace to snap three-session losing streaks Tuesday. Breaking through: The S & P 500 may be down about 1% the past two days, but that doesn't mean every stock is down. 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, Hugh Johnston, Bob Iger, Jim Cramer's, Jim Organizations: CNBC, Dow Jones, Nasdaq, Dow, Club, Nvidia, Meta, Broadcom, Costco, Disney, Devices, Dover, ABC, Netflix, CVS Health, Novo Nordisk, Emerson Electric, Jim Cramer's Charitable Locations: Eaton, Dover, U.S

The first round of Medicare drug price negotiations has come to an end – but we still don't know the final prices that the U.S. government and pharmaceutical companies have agreed on. They all maintain that Medicare drug price negotiations are a long-term threat to the pharmaceutical industry's drug innovation and profits, but the immediate dust has somewhat settled. That's based on executive commentary during the recent quarterly earnings calls of Bristol Myers Squibb and Johnson & Johnson , among other companies. Novartis CEO Vasant Narasimhan said on July 18 that the short-term impact from Medicare drug price negotiations "might be manageable on our first set of drugs." Executives at each of the drugmakers similarly emphasized their opposition to Medicare drug price negotiations on their respective earnings calls.

Persons: Joe Biden, Johnson, Joe Biden's, Christopher Boerner, Bristol Myers, Robert Michael, We've, Michael, Jennifer Taubert, Vasant Narasimhan, Narasimhan, Bristol Myers Squibb's Boerner, Boehringer Ingelheim, Annika Organizations: National Institutes of Health, Medicare, Bristol Myers Squibb, Johnson, Pfizer, J, Novartis, Merck, Novo Nordisk, AstraZeneca Locations: Bethesda , Maryland, U.S, annikakim.constantino@nbcuni.com

☆ Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand
▼ + stars: | 2024-08-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Airbnb CEO and co-founder Brian Chesky speaks at The Fast Company Innovation Festival on September 21, 2022, in New York. Airbnb shares dropped 14% in after-hours trading after the company reported second-quarter earnings that missed analyst expectations and warned that it's seeing signs of slowing demand from U.S. customers. Here's how the company did compared to LSEG estimates for the quarter ended June 30:Earnings per share: $0.86 versus $0.92 expected. Revenue: $2.75 billion versus $2.74 billion expected. It also cautioned that it was "seeing shorter booking lead times globally and some signs of slowing demand from U.S.

Persons: Brian Chesky, Airbnb Organizations: Revenue, Asia Pacific, Federal Reserve Locations: New York, Latin America

☆ Big tech stocks got clobbered on Monday — What investors are looking for before they buy more
▼ + stars: | 2024-08-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

A sharp sell-off in 2024's winning tech giants has left investors wondering whether it's safe to scoop up the pummeled shares. At one point during Monday's rout, the "Magnificent Seven" stocks combined had lost nearly $1 trillion in value , later recovering some of the losses. To be sure, some investors on Wall Street are pumping the brakes after Monday's sell-off, cautioning others to hold off on buying the dip just yet. Many investors viewed the sell-off as a necessary pullback in what's been a seemingly endless uptrend in the market. Like many investors, he also views Monday's pullback as a small blip in the AI trade's record run.

Persons: That's, Jamie Meyers, Management's Paul Meeks, CNBC's, Tengler's Meyers, Kayne Anderson, Julie Biel, Adam Sarhan, Jay Woods Organizations: Federal Reserve, Investments, Wall, Broadcom, Microsoft, Tesla, CNBC, Nasdaq, Nvidia, Freedom Capital Locations: U.S

☆ Cramer’s Stop Trading: Royal Caribbean
▼ + stars: | 2024-08-06 | 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 EmailCramer’s Stop Trading: Royal CaribbeanCNBC’s Jim Cramer explains why he is keeping an eye on shares of Royal Caribbean.

Persons: Jim Cramer Organizations: Royal Locations: Caribbean, Royal Caribbean

☆ We're tapping our cash pile again to buy 2 more beaten-up stocks
▼ + stars: | 2024-08-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +2 min

Shortly after the opening bell, we will be buying 75 shares of Advanced Micro Devices at roughly $135.30 and 25 shares of Eaton at roughly $274.48. We're making a couple of buys Tuesday, deploying the rest of the cash we raised Monday from our flurry of trades plus a little more. Eaton's another good example of what we like buying when the market sell-off takes both good and bad stocks lower. 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: Jim Cramer's, Jim Cramer, Jim Organizations: AMD, Intel, CNBC Locations: Eaton

☆ Uber reports better-than-expected results for second quarter
▼ + stars: | 2024-08-06 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

For the third quarter, Uber expects bookings of $40.25 billion to $41.75 billion. Uber's "monthly active platform consumers" (MAPCs) reached 156 million in the second quarter with 2.77 billion trips via the Uber platform. This compares to 137 million MAPCs and 2.28 billion trips during the same period a year ago. Uber also reported $1.02 billion in net income for the quarter, which included a $333 million pre-tax benefit from "revaluations of Uber's equity investments." The companies also plan "to collaborate on future BYD autonomous-capable vehicles to be deployed on the Uber platform," Uber said on Tuesday.

Persons: Dara Khosrowshahi, Uber, Gross, Instacart, Tesla Organizations: Uber, LSEG Revenue, Bank of America Locations: Davos, Switzerland, Europe, Latin America, U.S

☆ Meet Jonathon Johnson, the 'hopeless romantic' and 'Bachelorette' dark horse who just might win Jenn's heart
▼ + stars: | 2024-08-06 | by ( Olivia Singh | ) www.businessinsider.com time to read: +1 min

Jonathon Johnson is one of the contestants on season 21 of "The Bachelorette" starring Jenn Tran. Jonathon, a creative director based in Los Angeles, makes an impression with his unique entrance. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"The Bachelorette" season 21 contestant Jonathon Johnson has come a long way since his memorable entrance on night one.

Persons: Jonathon Johnson, Jenn Tran, Jonathon, —, Jonathan, Jenn Tran's, Jenn Organizations: Service, Business Locations: Los Angeles, New Zealand

☆ Starboard pushes Autodesk board to weigh CEO change, cost cuts
▼ + stars: | 2024-08-06 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Activist investor Starboard Value has been engaging with the board of Autodesk , continuing its push to improve the company's operations and financial performance, according to a presentation viewed by CNBC. Starboard wants Autodesk's board to reassess whether CEO Andrew Anagnost, who has helmed the software maker for seven years, is the right person to lead the company forward, according to the presentation. The activist investor has shared the presentation's findings with Autodesk's board in recent weeks, after disclosing a $500 million stake in the company earlier this year. Starboard is also pushing for cost cuts and a realigned executive compensation plan, all of which it believes can drive margin improvement of up to 1,000 basis points. But Starboard has shown no signs of relenting, continuing to press the company and shareholders for change.

Persons: Andrew Anagnost, Anagnost, Dow Jones, Deborah Clifford, Jeff Smith Organizations: Autodesk, CNBC, GoDaddy Locations: Delaware, Salesforce

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