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AppLovin said it anticipates revenue to range between $780 million and $800 million, ahead of the $741 million expected by analysts, per Refinitiv. Alibaba — U.S.-traded shares rose 4.3% Thursday after the Chinese company beat analysts' expectations and posted its biggest year-over-year revenue growth since 2021. In the June quarter, the company posted revenue of 234.16 billion yuan versus 224.92 billion yuan expected, per Refinitiv. Earlier this week, Fleetcor posted adjusted earnings of $4.19 per share on revenue of $948.2 million. Analysts polled by FactSet called for earnings of $4.17 per share on revenue of $945 million.
Persons: Kate Spade, AppLovin, Alibaba, Versace, Jimmy Choo, Michael Kors, Wynn, Refinitiv, Jefferies, Truist, Nick McKay, Fleetcor, FactSet, — CNBC's Brian Evans, Hakyung Kim, Samantha Subin, Jesse Pound, Yun Li, Alex Harring Organizations: Disney —, Disney, Capri Holdings, Capri, Wynn, , Penn Entertainment, Disney's ESPN, Wedbush Locations: Marina, Sands, Singapore, Alibaba —, Wednesday's
Kellogg (K) has many critics but 52-week low, pure snacks and break-up value for classic brands is high. Applovin (APP) surprise blow-out quarter for marketing company that uses machine learning to figure out advertising. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Ralph Lauren, Kellogg, McCormick, Baird, Akamai, JACK, Morgan Stanley, Warby Parker, Oppenheimer, Jim Cramer's, Jim Cramer, Jim, Daniel Acker Organizations: IAC, SBA Communications, BofA, Mizuho, Realty, Barclays, General Electric, GE, PT, Deutsche Bank, Jim Cramer's Charitable, CNBC, Target Corp, Bloomberg, Getty Locations: France, BofA, Chicago , Illinois
Disney reported adjusted earnings of $1.03 a share, versus the 95 cents expected by analysts, per Refinitiv. Wynn Resorts reported adjusted earnings of 91 cents per share on revenue of $1.6 billion. AppLovin — AppLovin shares surged 22% on strong second-quarter results and optimistic third-quarter revenue guidance. The game developer said it expects $780 million to $800 million in revenue for the third quarter, ahead of the $741 million expected by analysts. The company expects full-year revenue to rise 1% year over year, versus the 7.1% uptick analysts expected, per Refinitiv.
Persons: Illumina, Sonos, Refinitiv Organizations: Dubai Opera, United Arab Emirates, Disney, Revenue, Wynn Resorts Locations: East, North Africa, Dubai, United Arab, China
Goldman Sachs initiates Amylyx Pharmaceuticals as buy Goldman said it sees an attractive entry point for shares of the biotech company. " Goldman Sachs reiterates Nvidia as buy Goldman said it's standing by its buy rating on Nvidia and that it likes stocks with "room for meaningful positive EPS revisions." UBS downgrades Tesla to neutral from buy UBS said in its downgrade of Tesla that strong growth is already priced in. Goldman Sachs initiates Savers Value Village as buy Goldman said the thrift store operator is a share gainer. Goldman Sachs reiterates ServiceNow as buy Goldman said it sees more upside in shares of ServiceNow as the stock remains a key beneficiary.
Persons: Piper downgrades Estee Lauder, Piper, Baird, Goldman Sachs, Goldman, Wells, Evercore, it's, Stifel, Lam, Tesla, Moffett, Rosenblatt, Raymond James, Becton Dickinson, SLB, Horton, BTIG, Needham, ServiceNow Organizations: Express, Netflix, Amylyx Pharmaceuticals, Bank of America, NTR, RBC, Research, Nvidia, MU, UBS, Semiconductor, Deutsche Bank, Apple, Deutsche, Mac, Med Tech, Schlumberger, Disney, DIS, American Express Locations: China, underperform, ServiceNow
Twitter is going to make its ad inventory available to buy on the open programmatic market for the first time. The company is entering into a partnership with adtech company InMobi, and has been speaking with other ad vendors. Twitter had had ongoing conversations with multiple adtech vendors about partnerships for months, according to people familiar with the matter. Insider Intelligence last month slashed its forecast for Twitter's 2023 ad revenue to $2.98 billion, down 37% on its October projection for the same period. The move to work with external programmatic advertising vendors comes more than a year after Twitter sold its mobile advertising network to MoPub to gaming and adtech company AppLovin for $1.05 billion.
Here are Wednesday's biggest calls on Wall Street: Bernstein reiterates Tesla as underperform Bernstein said after the automaker's shareholder meeting that it sees trouble ahead. Bank of America upgrades AppLovin to buy from neutral Bank of America said it sees accelerating revenue growth for the mobile tech company. Stephens reiterates Walmart as overweight Stephens said it's standing by its overweight rating heading into Walmart earnings Thursday. Bank of America reiterates ServiceNow as buy Bank of America said the software company is well positioned for AI. " Stephens reiterates Western Alliance as overweight Stephens said it's standing by its overweight rating on the regional bank.
PacWest — Shares plunged 20% after the regional bank stock said deposits fell 9.5% for the week ended May 5. Other regional banks stocks moved lower on the news, with Western Alliance and First Horizon down 7.3% and 3.2%, respectively. The company also reported revenue and profit that was roughly in line with Wall Street's expectations. AppLovin — Shares soared more than 16% in premarket trading following the company's first-quarter revenue and-second quarter guidance beat after the bell Wednesday. Analysts had anticipated a loss of $1.01 per share on revenue of $90.8 million, according to Refinitiv.
The entertainment giant also reported revenue and earnings in line with Wall Street's estimates, according to Refinitiv. AppLovin — Shares popped 23.53% following the company's first-quarter revenue beat. Unity Software's revenue of $500 million beat the $480 million expected from analysts polled by Refinitiv. Tapestry — Shares of the Coach parent jumped 8.27% after the company reported stronger-than-expected earnings and revenue for its latest quarter. Its first-quarter revenue came in at $441 million, versus analyst estimates of $425 million, according to Refinitiv.
With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.
Luma Partners' three partners are currently planning to exit the company, Insider has learned. It followed a disagreement with Luma Founder and CEO Terence Kawaja about the future vision for the firm. Luma Partners, the adtech-focused investment bank may lose all three of its partners following a disagreement with the company's founder, Terence Kawaja, about the future direction of the firm, Insider has learned. Kawaja's court jester style is in sharp contrast to that of Andersen, Greenbaum, and Filippini who tend to keep a lower profile. For the moment, they remain partners with Luma, which is currently working on a live M&A deal, Andersen said.
Bank of America reiterates Target as neutral Bank of America said it sees "modest upside" at current levels. Bank of America downgrades Lucid Group to neutral from buy Bank of America said it's concerned about slowing demand for the luxury vehicle company. Bank of America reiterates Nvidia as buy Bank of America said Nvidia remains "best-in-class" after its earnings report on Wednesday. Bank of America reiterates CVS as buy Bank of America said it sees "significant free cash flow generation potential" for CVS. Goldman Sachs upgrades Nvidia to buy from neutral Goldman upgraded Nvidia after its "impressive" earnings report on Wednesday.
Each name in the list that follows has potential upside of about 35% or more, buy ratings from at least 60% of analysts and at least 10 analysts covering the stock. It has about 39% potential upside and buy ratings from almost 62% of the analysts covering it. Intellia Therapeutics , a company focused on gene-editing treatments, has upside potential of about 140% and buy ratings from 72% of its 27 analysts. Denali Therapeutics , which is focused on defeating neurodegenerative diseases, is close behind, with upside potential of 104% and buy ratings from almost 89% of its 18 analysts. Karuna Therapeutics , which specializes in schizophrenia treatments, holds the largest percentage of buy ratings, coming from 95% of its 20 analysts.
Earnings season continues next week, with Club holdings Linde (LIN), Emerson Electric (EMR) and Walt Disney (DIS) all set to report. Similarly, shares of Meta Platforms (META) have surged over 20% since CEO Mark Zuckerberg reassured investors Wednesday evening that 2023 would be the technology giant's "year of efficiency." The bull case is further supported by continued signs inflation is easing, a still-robust job market and the breadth of market-buying activity since the start of the year. Lastly on Wednesday, the Fed's Federal Open Market Committee raised the federal funds rate by 25 basis points, in line with expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
It has been a year to forget for growth stocks. This also marks the first time since 2016 that growth has lagged value, comparing the growth ETF to the iShares Russell 1000 Value ETF (IWD) . Growth stocks are characterized by those that tend to trade on the expectation of strong earnings expansion over several years in the future, rather than here and now. Despite this tough year, analysts expect big gains from some growth companies in 2023. More than three-quarters of analysts covering ChargePoint rate it a buy, while Plug Power has buy ratings from nearly two-thirds of analysts covering it.
Gem: 100A maker of recruiting software, the startup cut a third of its workforce Nov. 1, The Information reported. HealthCare.com: 149The health insurance marketplace announced the job cuts Aug. 3, Miami Inno reported, citing state regulatory filings. Fabric: 120The robotics startup said July 13 that it was layoffing off 40% of them, TechCrunch reported, citing company confirmation. It affected about 300 people, the Silicon Valley Business Journal reported, citing company confirmation. Policygenius: 170The online insurance company cut about 25% of its staff, Axios reported June 6, citing company confirmation.
Chase Coleman's Tiger Global Management continued to grow positions in software and Big Tech during the third quarter after a rough start to the year, according to securities filings. The fund also added significantly to several positions during the third quarter, including Alphabet , DataDog , Workday and Li Auto . Tiger has nearly $11 billion in long equity positions, according to a CNBC calculation. Tech stocks struggled again during the third quarter, with the iShares U.S. Technology ETF falling 8.2%. Tiger's notable exits during the quarter included ProCore Technologies , XPeng , Monday.com and 1Life Healthcare .
UBS upgrades Werner to buy from neutral UBS said it sees upside for several trucking company names. "We are upgrading three truckload names to Buy from Neutral including HTLD, WERN , and SNDR and reiterating our Buy on KNX. Bank of America reiterates Amazon as buy Bank of America said reports of a cost cutting review at Amazon are a "positive." JPMorgan reiterates Silvergate as overweight JPMorgan said the crypto company's exposure to FTX is overblown. JPMorgan reiterates Netflix as overweight JPMorgan said it has "increased conviction" in shares of the streaming giant.
Twitter executive Robin Wheeler is leading the company's global ad sales teams. But she is now de facto Twitter ad sales chief, and those who know her say she's used to navigating complex problems. Advertisers describe a sales team hampered by an information vaccuum as Musk unleashes chaos through his tweetsOne of Wheeler's biggest tasks is getting a depleted ad sales team organized and running. From AOL to Twitter, Wheeler has managed sales teams in crisis beforeWheeler has operated successfully in chaotic environments before. In 2020, she become the commercial lead for MoPub, Twitter's ad network that helped publishers and app developers sell mobile ads.
It is very premature, in my view, to think about or be talking about pausing our rate hikes. The news sent those stocks reliant on China for growth — Starbucks, Estee Lauder and Wynn Resorts, among many others — higher. Or bad news could just be bad news if weak data signals a recession ahead. And good news could be good news: for example, if China reopens and U.S. companies exposed to the region see a boost in demand. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Here are Friday's biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said the tech giant continues to be a "highly debated stock" among investors the firm talked to. " Loop initiates Micron as buy Loop says it sees upside potential for shares of Micron . Citi reiterates Netflix as buy Citi said it's standing by its buy rating on Netflix heading into earnings later this month. Morgan Stanley names AbbVie as a catalyst driven idea Morgan Stanley said it sees a new "pipeline opportunity" as the biopharma company looks to develop new products. " Morgan Stanley reiterates Sunrun and Plug Power as overweight Morgan Stanley said the selloff in clean tech is overdone.
JPMorgan reiterates Coinbase as neutral JPMorgan lowered its price target on Coinbase to $60 per share from $78 and says it's concerned about weak activity levels and the selloff in crypto. JPMorgan reiterates Qualcomm as overweight JPMorgan said after Qualcomm's investor day that it's bullish on the company's opportunity in automotive. Morgan Stanley resumes Applovin as overweight Morgan Stanley resumed coverage of the software company and says Applovin is a category leader. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said in a note that competitors should be concerned about Tesla's gaining strength especially with the passage of the Inflation Reduction Act. " Morgan Stanley reiterates Advanced Micro Devices as overweight Morgan Stanley says it's standing by shares of Advanced Micro Devices but says it continues to see a "broad-based" semis correction.
Adobe is buying the design-software startup Figma for $20 billion. Its early backers, including Index Ventures and Greylock, are likely to see big returns as a result. In a sleepy period for initial public offerings and blockbuster acquisitions, Adobe's $20 billion deal to acquire the design-software company Figma stands out. The acquisition is likely to be a sweet deal for early investors such as Kleiner Perkins, Index Ventures, and Greylock Partners. And now, Adobe is paying $20 billion, a combination of cash and stock, which is twice Figma's last known valuation.
Companie IT din Moldova, vestită în toată lumea
  + stars: | 2021-01-08 | by ( Onixmedia Srl | ) diez.md   time to read: +2 min
O echipă de tineri din Republica Moldova a demonstrat că este posibil să ajungi în vizorul lumii având drept unul dintre produsele de succes Hashiriya Drifter, proiect recunoscut pe piața mondială, ducând faima țării noastre în toată lumea. Recent, Hashiriya Drifter a intrat în top cinci cele mai populare jocuri în toată lumea (SUA – locul 2, Marea Britanie – locul 1, etc.) Hashiriya Drifter, la fel ca și compania Midnight.Works sunt produse 100 % autohtone. La momentul actual, Midnight.Works sunt parteneri oficiali cu liderii mondiali: Google, Facebook, Unity, TikTok, Snapchat, IronSource, AppLovin și multe altele. Trăim în Republica Moldova și ne mândrim să avem așa companii care reușesc să dezvolte proiecte recunoscute pe piața mondială, ducând faima țării noastre în toată lumea.
Persons: Hashiriya Organizations: Racing, EA Games, Microsoft, Natural, Google, Facebook Locations: Republica Moldova, SUA, Asphalt, Forza Street, Gameloft, Unity, TikTok, Snapchat, IronSource
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