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☆ Ivy League psychologist shares the common mistake she made raising her 3 kids: ‘I wish I had never been that parent’
▼ + stars: | 2024-10-19 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

There's no such thing as a perfect parent, says Tovah Klein. It's throwing at us probably daily [reminders that] we are far from perfect," says Klein, a child psychologist, author and director of the Barnard College Center for Toddler Development. Fortunately, making mistakes and owning up to them is one way that parents can actually help teach their kids how to become healthy, successful adults. Like most parents, Klein raised her voice in heated moments on more than one occasion: "I could really yell at my kids," she says. "I wish I had never been that parent who went over the top and really got into battles with my children.

Persons: Tovah Klein, Klein, it's Organizations: Barnard College Center, CNBC

☆ 4 ways Brian Niccol can use his Chipotle playbook to reinvigorate Starbucks
▼ + stars: | 2024-10-19 | by ( Paulina Likos | ) www.cnbc.com time to read: +15 min

At Starbucks, Niccol inherits a company that under previous leadership consistently disappointed investors with weakening sales, including back-to-back periods of negative same-store sales growth this year. Operations Upon taking over Chipotle, Niccol's focus was on improving operations after the rise of digital orders complicated execution and increased wait times. The addition of shelves alone accelerated the use of Chipotle's second "make line," where digital orders are prepared in the back of the store. To rebuild consumer trust at Chipotle, Chipotle launched the "Behind the Foil" campaign to showcase transparency in food preparation. His marketing approach "brought new news in a positive way toward Chipotle," Silberman said.

Persons: Brian Niccol's, Brian Niccol, Jim Cramer, Laxman Narasimhan, Niccol, Chipotle, Howard Schultz, Narasimhan, Schultz, Jefferies, Andy Barish, Barish, Lauren Silberman, Silberman, Rachel Ruggeri, there's, It's, Carne Asada, Queso Blanco, Chipotle's, Deutsche Bank's Silberman, hasn't, Tressie Lieberman, Lieberman, Jim Cramer's, Jim, Adam Jeffery Organizations: Starbucks, CNBC, Street, North America, Deutsche Bank ., Deutsche, Taco, Yum Brands, Yahoo, LinkedIn, Starbucks Workers Locations: Chipotle, Niccol, China, U.S, Denver, Michigan, Maine

Several companies due to report next week could get a boost after their earnings results. To separate the wheat from the chaff, CNBC Pro screened FactSet for companies reporting in the coming days that are liked by analysts and also have strong earnings momentum. One bullish analyst is Morgan Stanley's Erik Woodring, who reiterated an overweight rating and $133 price target on Seagate in an Oct. 15 note to clients. Health care stocks Universal Health Services and HCA Healthcare have also seen improved sentiment, as measured by earnings estimates since the Spring. The investment bank maintained its buy rating while increasing its price target on HCA by $75 to $450, implying 8% potential upside from Friday's close.

Persons: Morgan Stanley's Erik Woodring, Woodring, TD Cowen Organizations: CNBC Pro, Seagate Technology, Seagate, Universal Health Services, HCA Healthcare, Analysts, Healthcare, HCA

☆ D.E. Shaw, Mantle Ridge zero in on key fixes to build shareholder value at Air Products
▼ + stars: | 2024-10-19 | by ( Kenneth Squire | ) www.cnbc.com time to read: +12 min

Air Products provides industrial gases and related equipment in end-markets such as refining, chemicals, metals, electronics, manufacturing and food. These long-term contracts functionally guarantee an unlevered double-digit return before Air Products even needs to put a dollar into the ground. Investors appreciate companies like Air Products for their low-risk and highly stable cash-flowing operations. On Oct. 4, Mantle Ridge announced a more than $1 billion position in Air Products, and echoed a similar sentiment and identified similar issues as D.E. We strongly expect that many of Air Products' other shareholders are concerned about the same issue.

Persons: It's, Shaw, unadulterated, Praxair, Seifi, Linde, D.E, Seifi Ghasemi, Ghasemi, Samir Serhan, Mantle, Paul Hilal, Scott Sutton, Olin, Russell, Ken Squire Organizations: Air Products, Chemicals, Air Liquide, Linde, Products, Air, D.E, Technologies, Fidelity National Information Services, FedEx, Verisk, Healthcare Trust, 13D Locations: Saudi Arabia, Louisiana, Texas, D.E, Air

☆ Luxury stocks may be a risky China stimulus bet
▼ + stars: | 2024-10-19 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +7 min

A post-pandemic spending surge led to luxury stocks such as LVMH to reach all-time highs in early 2023, but that soon changed. We believe improved confidence and sentiment is required to reach even our flat year-over-year Chinese luxury growth forecast for 2025," Wallace noted. Luxury stocks are feeling the pressure — year to date, U.S.-traded shares of major players LVMH and Kering are down about 17% and 41%, respectively. Analysts and investors are mixed as to whether the Chinese stimulus measures can revive luxury spending growth among consumers — and whether it will create a meaningful tailwind for luxury companies. Whether the luxury sector can continue growing at the same levels without as much Chinese consumer spending remains in question.

Persons: — stoking, Ben Harburg, Morgan Stanley, Ashley Wallace, Wallace, Jean, Jacques Guiony, Moncler, Hermes, Prada, Richemont, LVMUY CFRUY, —, Edouard Aubin, Sauron, Harburg, LVMH's Guiony, we've Organizations: Alpha, Bank of America, of America, Consumers Locations: China, Covid, 3Q24, U.S, LVMH

☆ These are Morgan Stanley's highest conviction plays for earnings season
▼ + stars: | 2024-10-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Here are five of Morgan Stanley's 10 highest conviction plays, which the firm sees near-term catalysts driving "a meaningful move" upward. Morgan Stanley sees a positive set up for Eaton and is forecasting beats on all key performance indicators, including Americas organic growth and margins. "Our detailed organic growth build supports steady ~8% organic growth in 2025-26, roughly ~200 bps above Consensus, which drives [mid-single digit] EPS upside and argues for multiple expansion on sustained strength," he added. Eaton is set to report third-quarter earnings on Oct. 29. His price target of $100 suggests shares could rise 29% from Friday's close.

Persons: Morgan Stanley, Michelle Weaver, Morgan Stanley's, Eaton, Chris Snyder, Ron Kamden, Keith Weiss, —, Sarah Min Organizations: CNBC Disruptor, Microsoft Locations: Eaton, Americas, 4Q24, Friday's

☆ CVS replaces CEO as profits, share price suffer
▼ + stars: | 2024-10-18 | by ( Jacob Pramuk | Sara Salinas | ) www.nbcnews.com time to read: +2 min

Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday. CVS has faced challenges as higher medical costs weigh on its insurance unit, Aetna, and consumer spending drops at its retail pharmacies. It anticipates higher medical costs than previously expected, with a so-called medical benefit ratio of 95.2% in the quarter. CNBC reported last month that CVS’ board had engaged strategic advisors to weigh its options, including the potential of a breakup of its insurance and retail businesses. Lynch also stepped down from the company’s board of directors this week, the company said Friday.

Persons: David Joyner, Karen Lynch, CVS, ” CVS, Joyner, Lynch, “, David, Roger Farah, Farah Organizations: CVS, Aetna, Glenview Capital, CNBC, CVS Health

☆ Procter & Gamble earnings beat estimates, but weak demand in China hurts sales
▼ + stars: | 2024-10-18 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Procter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed on its sales. The company reported flat volume for the quarter. The metric excludes pricing, which makes it a more accurate reflection of demand than sales. The company called out volume declines in China for both its hair care and oral care segments. Both P&G's health care and baby, feminine and family care divisions both reported 1% declines in volume for the quarter.

Persons: Gamble, Andre Schulten, Schulten Organizations: Procter, LSEG, SK, Gillette, Venus Locations: China, U.S, Greater China

☆ Netflix shares jump 5% in premarket after third-quarter earnings beat
▼ + stars: | 2024-10-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Netflix shares jumped Friday after the media streaming giant reported third-quarter earnings and revenue that beat expectations. Shares of Netflix were up 5.4% in U.S. premarket trading as of 4:39 a.m. Netflix reported earnings per share of $5.40 for the three-month period ending Sept. 30, surpassing the $5.12 LSEG consensus estimate. Revenues also beat expectations, coming in at $9.83 billion, above the $9.77 billion anticipated by analysts. Crucially, Netflix saw momentum in its ad-supported membership tier, which jumped 35% quarter-over-quarter.

Organizations: Netflix Locations: Krakow, Poland, U.S

☆ Jefferies says these top stock picks are cheap and offer upside heading into year-end
▼ + stars: | 2024-10-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

As the fourth quarter ramps up, several stocks have room to appreciate in coming months, according to Jefferies. Heading into the end of the year, Jefferies has updated its list of stock recommendations it calls its "franchise picks," spotlighting high-conviction, buy-rated names. "Higher reinvestment rates are correlated with better returns," Jefferies added. Their average price target of almost $24 implies roughly 10% upside – less than the nearly 26% that would result if Jefferies' target of $27 is reached. And Jefferies' target of $295 implies more than 17% upside from the current price.

Persons: Jefferies, Morgan Stanley, Wells, –, Johnson Organizations: Dow, Nasdaq, JPMorgan, Consumer, Johnson, PepsiCo, Sysco, Jefferies, ConocoPhillips, Port, North Field, Oil, Procter, Gamble, Colgate Locations: Wells Fargo, Alaska, Port Arthur, Texas, Qatar, Houston, LSEG, U.S, , New Jersey, Kenvue

☆ Feds investigating safety of Tesla’s ‘Full Self-Driving’ feature
▼ + stars: | 2024-10-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —The National Highway Traffic Safety Administration says it has launched an investigation into the safety of Tesla’s Full Self-Driving feature, or FSD, after at least one fatal accident involving a pedestrian. The investigation is looking into four accidents involving vehicles using the FSD feature. FSD is at the center of Tesla’s plans for future growth and profitability. This is not the first time that the NHTSA has announced it is investigating Tesla’s self-driving features. In February 2023 the agency ordered a recall to change the FSD software on all of the more than 360,000 Teslas then on US roads with the feature.

Persons: ”, Tesla, Elon Musk, Musk, “, FSD Organizations: New, New York CNN, Traffic, Administration, Tesla, NHTSA Locations: New York

☆ Netflix earnings beat expectations. Here's what analysts are saying
▼ + stars: | 2024-10-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Analysts are getting even more bullish on Netflix following its earnings beat for the third quarter . Here is what other firms are saying: Pivotal Research keeps buy rating on stock The firm raised its price target to $925, a Street high. Bernstein reiterates its market perform rating The firm increased its price target to $780 from $625. Bank of America reiterates its buy rating The bank increased its price target to $800 from $740. 3Q results were generally ahead (OI 5% higher) while commentary pointed to sustained double-digit revenue growth and margin expansion in 2025."

Persons: Doug Anmuth, Anmuth, Morgan Stanley, Benjamin Swinburne, Bernstein, Goldman Sachs, NFLX Organizations: Netflix, JPMorgan, WWE, NFL, of America, Gaming, UBS, 3Q

☆ CVS names new CEO in the wake of layoffs and poor stock performance
▼ + stars: | 2024-10-18 | by ( Erika Tulfo | ) edition.cnn.com time to read: +3 min

CNN —America’s largest drug store chain named a new chief executive officer on Friday, with longtime CVS Health executive David Joyner replacing Karen Lynch. In August, rising costs at CVS’ insurance arm Aetna cut into profits, leading to the ousting of then-president Brian Kane. Charles Krupa/AP/FileLower reimbursement rates for prescription drugs have hit retail pharmacies, including Walgreens and Rite-Aid, resulting in flagging profits and forcing drug stores to shutter locations and cut jobs. Meanwhile, rival chain Walgreens is closing 1,200 stores as it faces competition from online pharmacies and larger retailers — another challenge facing drug stores. Our results need to show that more consistently,” a CVS Health spokesperson told CNN in a statement.

Persons: CNN —, David Joyner, Karen Lynch, Brian Kane, Lynch, ” Julie Utterback, Charles Krupa, Joyner, David, Roger Farah Organizations: CNN, CVS Health, CVS, Aetna, Federal Trade Commission, Morningstar, Boston College's, Club, Walgreens, Rite, ” Locations: Boston

☆ CVS to replace CEO Karen Lynch with exec David Joyner as profits, share price suffer
▼ + stars: | 2024-10-18 | by ( Jacob Pramuk | ) www.cnbc.com time to read: +1 min

A general view shows a sign of CVS Health Customer Support Center in CVS headquarters of CVS Health Corp in Woonsocket, Rhode Island, U.S. October 30, 2023. Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday. The move, effective Thursday, comes as CVS shares have fallen nearly 20% this year. CVS has faced challenges as higher medical costs weigh on its insurance unit, Aetna, and consumer spending drops at its retail pharmacies. It anticipates higher medical costs than previously expected, with a so-called medical benefit ratio of 95.2% in the quarter.

Persons: David Joyner, Karen Lynch, CVS Organizations: CVS, CVS Health Corp, Aetna Locations: Woonsocket , Rhode Island, U.S

☆ Bank of America hikes Nvidia price target, says shares can rally almost 40%
▼ + stars: | 2024-10-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Nvidia could be positioned for even more growth ahead, according to Bank of America. Analyst Vivek Arya reiterated his buy rating on the chip giant and raised his price target by $25 to $190. That would add to the monstrous rally it has already seen this year, with shares surging more than 176% in 2024. Not only that, Arya cited "underappreciated" enterprise partnerships with companies such as Accenture and ServiceNow as catalysts for more growth. The stock advanced around 1% in the premarket on Friday following Arya's price target change.

Persons: Vivek Arya, Jensen Huang, Blackwell, Arya, Nvidia's Organizations: Nvidia, Bank of America, Accenture, ServiceNow, Microsoft, Foundry, Apple Locations: Taiwan

☆ Investors may be too bullish on chip stocks. This options strategy can hedge against a pullback
▼ + stars: | 2024-10-18 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

That bullish consensus makes this former CBOT pit trader take pause, and I believe now is the time to hedge some semiconductor exposure. I want to use put options in the VanEck Semiconductor ETF (SMH) to mitigate downside risk. That came in the wake of better-than-expected results from contract chipmaker Taiwan Semiconductor , which counts NVDA as one of its biggest customers. Lastly, I want to consider the technicals setup, as when emotion gets injected into the marketplace, technical typically take over. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Jensen Huang, ASML, SMH, Kilburg Organizations: VanEck Semiconductor, Nvidia, Taiwan Semiconductor, CNBC, NBC UNIVERSAL Locations: Chicago

☆ Stocks making the biggest moves premarket: American Express, Procter & Gamble, Netflix, CVS Health and more
▼ + stars: | 2024-10-18 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +4 min

The household goods maker posted $21.74 billion in revenue while analysts polled by LSEG had estimated $21.91 billion. WD-40 — The maintenance product maker's shares fell 4% after a disappointing fiscal fourth-quarter earnings report. Despite posting a top-line beat of $823 million in revenue versus LSEG analysts' estimates for $808 million, net interest income fell 3% in the third-quarter. Revenue of $9.16 billion fell below the $9.25 billion LSEG consensus forecast. Ally Financial – The digital bank stock fell nearly 1% despite earnings beating analysts' estimates in the third quarter.

Persons: Gamble, LSEG, David Joyner, Karen Lynch, B.Riley, SLB, Schlumberger, FactSet, — CNBC's Pia Singh, Sarah Min, Jesse Pound, Michelle Fox Organizations: Procter, Netflix, CVS, FactSet, Western Alliance Bancorp, Apple, Bloomberg, Crown Holdings, Holdings, Comerica Locations: China

☆ Stocks are nearing a major peak and a more 'disturbed' period of weak returns is ahead for investors, CIO says
▼ + stars: | 2024-10-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Grant said stocks could soon enter a period of weak returns, possibly for "many years." AdvertisementThe bull market in stocks looks like it's close to the top, according to an investment chief. AdvertisementSentiment and position indicators are also flashing signs investors are overexcited about the stock market, Grant said. The 3-month moving average of year-ahead stock market expectations has climbed to its highest on record, according to Conference Board data. That suggests there's little "cushion" in the event the stock market declines or experiences a shock, Grant said.

Persons: Michael Grant, Grant, —, subpar, Morgan Organizations: Calamos Investments, Service, Conference, Board, Federal, Federal Reserve, Governors, Morgan Research, Bloomberg, Investors

☆ Deutsche Bank's George Hill talks CVS shares sinking on CEO shakeup
▼ + stars: | 2024-10-18 | 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 EmailDeutsche Bank's George Hill talks CVS shares sinking on CEO shakeupGeorge Hill, Deutsche Bank managing director, joins 'Closing Bell Overtime' to talk CVS' C-Suite shakeup and what it means for the company.

Persons: George Hill, shakeup George Hill Organizations: Deutsche, Deutsche Bank

☆ Jim Cramer says Apple stock can 'blow through' records on real iPhone data out of China
▼ + stars: | 2024-10-18 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Apple stock was on track to close at a record high Friday after positive new data about iPhone demand in China. Apple stock was more than 3% this week. As a result, he predicted Apple stock will "blow through a lot of levels here." 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 .

Persons: Pro Max, Jim, Jim Cramer's, Jim Cramer Organizations: Research, Pro, Huawei, Apple, IDC, Apple Intelligence, iPhone, CNBC, Getty Locations: China, Shanghai, Nanjing

☆ Stock market today: US stocks close at records and notch 6-week win streak amid solid earnings
▼ + stars: | 2024-10-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The Dow and the S&P 500 hit all-time highs Thursday as US stocks hit a six-week win streak. Strong third-quarter earnings from Netflix and Intuitive Surgical led to massive 10%+ stock gains. Upcoming earnings reports and economic data releases will be closely watched by investors next week. Shares of Netflix and Intuitive Surgical soared more than 10% to record highs after their third-quarter earnings bested analyst's profit and revenue estimates. Next week, on the economic data front, investors will monitor the release of September's US leading economic indicators index, data on existing home sales, and consumer sentiment.

Persons: —, Dow Organizations: Dow, Netflix, Service, Nasdaq, Dow Jones, Texas, Tesla Locations: FactSet

☆ Chinese government has made 'crucial' improvements to its property destocking policies: Analyst
▼ + 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 EmailChinese government has made 'crucial' improvements to its property destocking policies: AnalystJieqi Liu, Senior Property Analyst at UOB Kay Hian, shares her views on the latest measures of the Chinese housing ministry to bolster the property market, and explains why she thinks it will become a market-oriented industry in the future.

Persons: Jieqi Liu, UOB Kay Hian

☆ Stocks making the biggest moves midday: Netflix, Apple, CVS Health, Lamb Weston, U.S. Cellular and more
▼ + stars: | 2024-10-18 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Separately, CVS issued third-quarter adjusted earnings guidance between $1.05 and $1.10 per share, far weaker than the FactSet consensus estimate of $1.69 a share. MGP Ingredients — Shares tumbled 26% after MGP Ingredients, a distilled spirits producer, issued preliminary third-quarter earnings and revenue guidance that missed expectations. Earnings of $1.23 per share missed the FactSet consensus estimate of $1.34 in earnings per share. Comerica reported $1.33 in earnings per share, compared to $1.17 per share expected by analysts, according to FactSet. Still, adjusted earnings of 89 cents per share beat the expected earnings per share of 88 cents.

Persons: Lamb Weston —, Jana Partners, Lamb Weston, David Joyner, Karen Lynch, LSEG, LSEG ., Riley, Ally, FactSet, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim, Jesse Pound Organizations: Netflix, U.S . Cellular, Telephone, Data Systems, U.S, Cellular, Verizon Communications, CVS, MGP, American, Apple —, Bloomberg, Counterpoint Research, Western, Western Alliance, LSEG, LSEG . Fifth Third, Fifth Third Bancorp, Comerica, Holdings Locations: U.S, 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

☆ Cramer's Stop Trading: SLB
▼ + stars: | 2024-10-18 | 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: SLBCNBC’s Jim Cramer explains why he is keeping an eye on shares of SLB.

Persons: Jim Cramer Locations: SLB

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