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Goldman's top technology analyst is laying out his best internet picks as the first-quarter earnings season wraps up. He added that Alphabet should benefit from signs of strong advertising demand as it recovers from overblown concerns regarding long-term search. Sheridan also expects Meta Platforms to benefit from similar ad trends and its AI potential. Beyond the megacap names, Sheridan highlighted Expedia as a stock that should benefit from the normalization of online travel toward pre-Covid levels. EXPE YTD mountain Shares this year Instacart is another internet stock poised to benefit in this changing consumer landscape, including consolidation toward fewer online services and platforms, according to Sheridan.
Persons: Eric Sheridan, Sheridan Organizations: Amazon, Web Service, Sheridan, CART, UBER
Six Flags stock has ticked up nearly 7% in 2024. The analyst reiterated an overweight rating on the stock as well as a $1,200 per share price target, implying more than 31% upside from Tuesday's close. The analyst has a buy rating on Nvidia with a $1,150 per share price target, or about 26% upside ahead. He also raised his price target on U.S.-listed shares to $5.40 per share from $4.80, though the new forecast calls for a 6% decline over the next year. NIO YTD mountain NIO YTD Lai had downgraded Nio to underweight in February due to slowing sales momentum.
Persons: Chris Woronka, Woronka, Brian Evans, John Vinh doesn't, NVDA, Vinh, Timothy Arcuri, Arcuri, — Brian Evans, Goldman Sachs, Alphabet's, Eric Sheridan, Sheridan, Oppenheimer, Jason Helfstein, GOOG, Helfstein, Brent Thill, Jefferies, Nick Lai, YTD Lai, Fred Imbert, ~$ ( ~$) Organizations: CNBC, JPMorgan, Deutsche Bank downgrades, Flags Entertainment, Deutsche Bank, Fair, Nvidia, Blackwell, UBS, Google, Gemini
While he pulled back his price target to $26 from $32, the new target still indicates shares surging 126% from Wednesday's close. Fox's fiscal third quarter results came above Rief Ehrlich's expectations, which she noted were encouraging "amid a difficult linear advertising environment." — Fred Imbert 5:50 a.m.: Wall Street on the sidelines for Airbnb Airbnb's weaker-than-expected forward guidance has analysts worried about the company's growth outlook. Post pulled back his price target by $8 to $160, just 1.3% above where shares closed on Wednesday. Meanwhile, analyst Eric Sheridan moved his price target slightly higher to $130 from $123, suggesting around 18% downside.
Persons: Raymond James ., Jefferies, Dushyant Ailani, Ailani, — Hakyung Kim, Jessica Reif Ehrlich, … Fox, Davidson downgrades, Davidson, Tom White, Tripadvisor, we'd, White, Hakyung Kim, Raymond James Cheesecake Factory, Raymond James, Brian Vaccaro, Vaccaro, Andrew Boone, Shopify, Boone, Fred Imbert, Airbnb, LSEG, Morgan Stanley, Brian Nowak, Nowak, Bank of America's Justin Post, Post, Goldman Sachs, Eric Sheridan Organizations: CNBC, JPM Securities, Cheesecake, Bank of America, Fox, Media, of America, , Factory, Cheesecake Factory, JMP Securities, Bank of America's Locations: Wednesday's, 2H24
Whether he's playing the handsome leading man in a rom-com or an intensely focused franchise star, Pine has the uncanny ability to adapt into the movie star that's needed at any particular moment. I learned more from that set about what it means to be a movie star than probably anything else. On turning down 'Wonder Woman' twice before director Patty Jenkins convinced him by bringing up 'Casablanca'"Wonder Woman." Warner Bros. PicturesBy the time you did the "Wonder Woman" franchise, you had done your fair share of blockbusters. Even think of "Wonder Woman 1984" — that's a blockbuster movie that is a hero's journey not about revenge.
Persons: Chris Pine, he's, Don Mattingly, Annette Bening, Danny DeVito, Gwynne Gilford, Robert Pine, Sergeant Getraer, Jack, Pine, Anne Hathaway, David Caruso, it's, Kirk —, Kirk, William Shatner, Karl Urban, McCoy, Karl, Spock, Zach, Quinto, Leonard, Nimoy, Abrams, Shatner, Denzel, Denzel Washington, Tony Scott, Mark Bomback, I'm, you'd, Ben Foster, Taylor, Sheridan, David, Mackenzie, Jeff Bridges, Jeff, Ben, hadn't, Patty Jenkins, Patty, Steve Organizations: Business, Yankee, Washington, Walt Disney Pictures, CSI, Paramount Pictures, Denzel Washington, Denzel, Denzel Washington —, CBS, Warner Bros ., gonzo Locations: cardigan, Pine, Coast, heartthrob, Miami, Casablanca
The owners of the house where Marilyn Monroe last lived and died are suing the city of Los Angeles over what they call “backroom machinations” as part of efforts to landmark the house and save it from a planned demolition. In a lawsuit filed in Superior Court in Los Angeles County on Monday, lawyers for Brinah Milstein and Roy Bank accused the city of violating its own codes and conspiring with third parties to secure its desired outcome during a hurried process to designate the house at 12305 Fifth Helena Drive a historical landmark last fall. This lawsuit highlights how the city engaged in a “corrupt process to guarantee their preferred outcome rather than engaging in a neutral and fair process,” Peter C. Sheridan, a lawyer for the couple, said in a statement. The city did not respond to a request for comment. Ms. Monroe was the world’s most famous woman when she moved in March 1962 to Fifth Helena Drive, a secluded residential street in the Brentwood neighborhood that is part of a set of 25 cul-de-sacs off Carmelina Avenue.
Persons: Marilyn Monroe, , Brinah Milstein, Peter C, Sheridan, Monroe Organizations: Roy Bank, Fifth Helena, Fifth Locations: Los Angeles, Superior Court, Los Angeles County, Brentwood
"Yellowstone" has been hit by several setbacks, delaying the release of its final episodes. There's a question mark over whether Kevin Costner will reprise his role as protagonist John Dutton. AdvertisementAfter months of speculation, it's official: "Yellowstone" is expected to return to wrap up its fifth and final season later this year. The first eight episodes of season five began airing on the Paramount Network in late 2022 before the cliffhanger midseason finale dropped on January 1, 2023. Now, it's been confirmed that the Dutton family saga will come to a close this year, with the final episodes scheduled to begin airing in November 2024.
Persons: it's, There's, Kevin Costner, John Dutton, , Taylor Sheridan, John Linson, Costner, Sheridan, Dutton Organizations: Paramount, Service, Paramount Network, Hollywood
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrooks Running CEO on growth strategy: Biggest opportunity is to spread this brand globallyBrooks Running CEO Dan Sheridan joins 'Squawk Box' to discuss his new role as CEO, the company's growth strategy, China market, consumer demand, and more.
Persons: Brooks, Dan Sheridan Locations: China
Analyst Edward Kelly upgraded the discount retailer to overweight from equal weight and opened a $180 price target. Yefremov's $400 price target indicates shares can jump 31.7% from Wednesday's closing price. Analyst Andrea Teixeira downgraded the energy drink maker to neutral from overweight and cut her price target by $7 to $59. — Alex Harring 5:38 a.m.: Wall Street reacts to Meta earnings Meta Platforms disappointed investors with its weak revenue guidance , sending shares down about 13% in premarket trading. His price target of $55 implies upside of 22% over the next 12 months.
Persons: Bernstein, Wells, Edward Kelly, shrinkflation, Kelly, — Alex Harring, Sherwin, Williams, Aleksey Yefremov, Yefremov, Doug Creutz, Creutz, Judas, Goldman, bullish, Goldman Sachs, Brooke Roach, Roach, Andrea Teixeira, Alex Harring, Ford, Wells Fargo, Colin Langan, Langan, LSEG, Eric Sheridan, Brian Nowak, Morgan Stanley, Doug Anmuth, Ronald Josey, Daniel Roeska, Roeska, General Motors, Fred Imbert Organizations: CNBC, General Motors, Traders, Grand Theft, Sony, Electronic Arts, TJX, TJX Companies, JPMorgan, Monster Beverage, Ford, Ford Pro, Facebook, Meta, Citi, mojo, General, GM Locations: Wells Fargo, Thursday's, Wednesday's, Michigan
Wall Street analysts are standing by Meta Platforms despite Thursday's sell-off. The analyst cut his price target to $480 from $535 a share, noting that building and creating new products is no easy — or quick — feat. The adjusted price target reflects nearly 3% downside from Wednesday's close. Morgan Stanley analyst Brian Nowak retained his overweight rating and $550 price target, saying the firm remains "buyers through Meta's investments." Meta isn't alone in this feat, with Nowak expecting competitors to undertake similar steps as more AI opportunities arise.
Persons: Doug Anmuth, Benjamin Black, Black, Citi's Ronald Josey, Goldman Sachs, Eric Sheridan, Morgan Stanley, Brian Nowak, Meta isn't, Nowak, Bank of America's Justin Post, Ross Sandler, Mark, Zuckerberg, Sandler Organizations: Meta, Facebook, Deutsche Bank, Bank of America's, Barclays
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta's Q2 revenue guidance and implied deceleration will be key, says Goldman's Eric SheridanGoldman Sachs' Eric Sheridan joins 'Money Movers' to discuss what the overriding dynamic will be from Meta's quarterly earnings results, how Meta could further benefit from TikTok's forced sale, and more.
Persons: Goldman's Eric Sheridan Goldman Sachs, Eric Sheridan
Big technology earnings this week could offer a much-needed catalyst for a market under pressure. Last week, the S & P 500 and Nasdaq Composite notched their longest daily losing streaks since October 2022, with the broad index posting its worst week since March 2022. Big Tech's performance this week could set the tone for the rest of earnings season and revive the market momentum. Tesla Tesla launches the reporting period for the "Magnificent Seven" stocks, with results due out after the bell Tuesday. Meta Platforms Meta Platforms ' results are due out after the bell Wednesday.
Persons: Tesla, Elon Musk, John Murphy, Longtime Deutsche Bank Tesla, Emmanuel Rosner, Brent Thill, Bernstein, Mark Shmulik, Doug Anmuth, Justin Post, Goldman Sachs, Eric Sheridan, Jefferies, Bernstein's, Wells Fargo's Michael Turrin, Piper Sandler's Brent Bracelin, Kash Rangan, Brad Zelnick, OpenAI, Satya Nadella Organizations: Federal Reserve, Nasdaq, Tesla Tesla, Bank of America, Barclays, Longtime Deutsche Bank, Microsoft, Deutsche, NVIDIA Locations: China
Monday's analyst calls included a price target cut for one of the biggest tech companies in the world and Goldman Sachs getting bullish on an e-commerce giant ahead of earnings. Morgan Stanley cut its price target on Apple to $210 from $220, citing the potential for disappointing fiscal third-quarter guidance. 6:50 a.m.: Morgan Stanley remains bullish on Nvidia even after chipmaker's sell-off The recent slump in artificial intelligence-related stocks hasn't steered Morgan Stanley away from Nvidia . Sheridan kept his buy rating and $220 price target on Amazon, which is expected to post its earnings results on April 30. Analyst Erik Woodring reiterated his overweight rating on the tech giant but cut his price target to $210 from $220.
Persons: Goldman Sachs, Morgan Stanley, Goldman, Joseph Moore, Moore, — Pia Singh, shouldn't, Wamsi Mohan, Mohan, Benjamin Swinburne, Swinburne, Eric Sheridan, Sheridan, Erik Woodring, Woodring, Fred Imbert Organizations: CNBC, Apple, Nvidia, NVIDIA, Bank of America, Spotify, Amazon, Services Locations: North America
Wall Street anticipates a largely rosy setup for the stock, with many forecasting that the company beats, or reports in line with expectations. The anticipation contributed to some Wall Street firms lifting their price targets heading into the print. Under the paid sharing plan , Netflix account owners can buy an extra member slot and invite people outside their household to use the service. "After 1Q24, Netflix begins to lap the paid sharing benefits - most significantly in 2H24," wrote Morgan Stanley's Swinburne. Reason for caution Despite Netflix's strong run this year and the benefits reaped through paid sharing, some Wall Street analysts see reasons for caution.
Persons: , Morgan Stanley, Benjamin Swinburne, Doug Anmuth, Morgan Stanley's Swinburne, Piper Sandler, Wall, Anmuth, Goldman Sachs, Eric Sheridan, Bryan Kraft, Kannan Venkateshwar, Deutsche Bank's Kraft, Piper Sandler's Matt Farrell, MoffettNathanson's Michael Nathanson, Street's, Farrell, Citi's Jason Bazinet Organizations: Netflix, LSEG, Deutsche Bank, Barclays, Street, Kraft, Deutsche, WWE, NBA, Netflix's WWE Locations: 2H24
A slate of major Wall Street firms has begun coverage of Reddit – and some of them see the stock's gains moderating from here. He rated the company neutral and gave it a price target of $47, anticipating 11% upside from Friday. Sheridan's 12-month price target of $40 was one of the lowest on Wall Street and implies that shares could slide 5% from here. Morgan Stanley had a slightly more optimistic price target of $45, corresponding to a roughly 6.5% gain. Citi analyst Ronald Josey's price target of $53 — which forecasts 25% upside — is among one of the highest on the Street.
Persons: Reddit, Doug Anmuth, JPMorgan's Anmuth, Goldman Sachs, Morgan Stanley, Goldman, Eric Sheridan, Brian Nowak, Ronald, Josey, Benjamin Black Organizations: Bank of America, Citi, Deutsche Bank
Read previewKevin Costner has said he is open to returning to "Yellowstone" to wrap things up despite previously stating his intentions to take the show's producers to court over a pay dispute. Reports of a feud between "Yellowstone" cocreator Taylor Sheridan and Kevin Costner began in February 2023. Season five of "Yellowstone" saw John Dutton (Kevin Costner) elected governor of Montana. AdvertisementRepresentatives for Costner, Sheridan, and Paramount Network did not immediately respond to a request for comment from Business Insider, made outside regular working hours. Previously, Sheridan has hinted that the ending of "Yellowstone" could see Costner's character killed off.
Persons: , Kevin Costner, Costner, Taylor Sheridan, cocreator Taylor Sheridan, Frederick M, Brown, John Dutton, — Costner, they've, Christine Baumgartner, Sheridan, Jerod Harris, Matthew McConaughy, Michelle Pfieffer Organizations: Service, Paramount Network, Business, Entertainment, Montana . Paramount, People, Getty, Hollywood, Paramount Locations: Montana, Las Vegas , Nevada, Yellowstone, Kingstown
Cole Brings Plenty, who starred in "Yellowstone" spinoff "1923," has died at the age of 27. The nephew of "Yellowstone" star Moses Brings Plenty was reported missing earlier this week. Brings Plenty was found dead on Friday (April 5) in Johnson County, Kansas, according to the Johnson County Sheriff's Office. Following the news, Moses Brings Plenty shared a statement to Instagram on Friday evening on behalf of the family, written by his brother, Joe Brings Plenty. Brings Plenty was introduced as Pete Plenty Clouds in the final two episodes of Taylor Sheridan's "Yellowstone" prequel series, "1923," aired last year.
Persons: Cole, Moses, Plenty, , Calvin Hayden, Frazer Harrison, Lawrence, Instagram, Joe, Pete, Taylor, Teonna, Aminah Nieves Organizations: Kansas, Service, Sheriff's, Lawrence Kansas Police Department, Lawrence Police Locations: Johnson County , Kansas, Johnson, Lawrence , Kansas, Johnson County
“New Yorkers love Marathon Sunday, but taxpayers cannot be expected to subsidize a wealthy non-government organization like the New York Road Runners to the tune of $750,000,” MTA Bridges and Tunnels President Catherine Sheridan said in a statement. The New York Road Runners, which organizes the race, says that the marathon already generates millions of dollars for the city’s economy, and that the amount MTA proposed would make the race less affordable. “We value our partnership with all the City and State agencies that allow us to stage all of our events, including the marathon,” NYRR said in a statement. The MTA recently voted to approve congestion pricing in New York City, making it the first US city to charge such a toll. Despite the approval and expected implementation of the tolling plan, multiple lawsuits, such as one spearheaded by New Jersey Gov.
Persons: Catherine Sheridan, ” NYRR, Kathy Hochul’s, Phil Murphy, CNN’s Nathaniel Meyerson Organizations: CNN, Metropolitan Transit Authority, York, New, MTA, City and State, Gov, New Jersey Gov Locations: Brooklyn, New York City
The longtime CEO of Berkshire Hathaway's Brooks Running, Jim Weber, is stepping down after more than 20 years in the top job, the company will announce Tuesday. Brooks veteran Dan Sheridan, who started at the running company in a marketing role in 1998 and worked his way up to chief operating officer and president, will take over on April 26. That includes plans to build the first Brooks Running store in China, an "absolute growth market" for the brand, according to Sheridan. He said the company also aims to expand direct sales in the U.S. and grow wholesale partnerships in Europe. Soon after Brooks Running became a stand-alone subsidiary company of Berkshire Hathaway in 2012, Weber and his team were asked to start succession planning.
Persons: Berkshire Hathaway's Brooks, Jim Weber, Brooks, Dan Sheridan, Weber, I've, it's, We've, that's, Sheridan, Berkshire Hathaway, Warren Buffett Organizations: CNBC Locations: Berkshire, North America, China, Sheridan, U.S, Europe
Goldman Sachs' Eric Sheridan shares his contrarian tech picks
  + stars: | 2024-02-23 | 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 EmailGoldman Sachs' Eric Sheridan shares his contrarian tech picksEric Sheridan, Goldman Sachs, joins 'Closing Bell Overtime' to talk his contrarian picks in tech.
Persons: Goldman Sachs, Eric Sheridan
"Feud" season two shows a softer side to Truman Capote through an unconventional relationship. In reality, however, Capote and O'Shea — whom Capote remodeled into Katy Harrington — began their relationship under slightly different circumstances. AdvertisementTruman Capote treated Katy Harrington as his adoptive daughter and protégéKate Harrington and Truman Capote in 1977. AdvertisementKate Harrington talking to Gloria Swanson at a Studio 54 party in 1978, while Truman Capote rests in between them. After Capote's death, Harrington named her daughter after the authorFollowing Capote's death in 1984, Harrington moved away from modeling and established herself as a stylist and producer.
Persons: Truman, Capote, Kate Harrington, , Ryan Murphy's, Truman Capote, Tom Hollander, Kerry O'Shea, Ella Beatty, John O'Shea, Russell Tovey, Kerry, what's, O'Shea, O'Shea —, Katy Harrington —, Harrington, Katy Harrington, protégé Kate Harrington, Ron Galella, Harrington's, Capote —, Wilhelmina Cooper's, Kate, Gerald Clarke, Richard Avedon, Gloria Swanson, Ryan O'Neal, Oscar, Tatum O'Neal, Ryan, Diana Vreeland, John McTiernan, Daniel Boczarski Organizations: Service, The Telegraph, New, UN, New York Magazine, Vogue Locations: Manhattan, New York, New, Toronto, Sheridan , Wyoming, Santa Fe , New Mexico
Read preview"The Terminator" actor Linda Hamilton says she's humbled to work with Alan Tudyk and the rest of the cast on "Resident Alien." Speaking to Business Insider before "Resident Alien" season three premiered on Wednesday, Hamilton said that Harry's idiosyncratic nature will make their partnership difficult. Linda Hamilton as General Eleanor McCallister and Alan Tudyk as Harry Vanderspeigle in "Resident Alien." The ladies, Alan Tudyk, Corey Reynolds, they're all fantastic." But she was immediately charmed by the "Resident Alien" script from creator Chris Sheridan.
Persons: , Linda Hamilton, she's, Alan Tudyk, Harry Vanderspeigle, Hamilton, Eleanor McCallister, Harry, that's, I'm, it's, Corey Reynolds, Sarah Connor, Chris Sheridan Organizations: Service, SYFY, Business, Netflix Locations: Patience , Colorado
SHERIDAN, Wyo. (AP) — A police officer serving a trespass warning has been fatally shot in northern Wyoming. Nevada Krinkee died at a hospital after being shot Tuesday in downtown Sheridan. The male shooter barricaded himself in a home a few blocks away after the shooting, Police Chief Travis Koltiska said in a release. A standoff between the suspect, whose identity was not released, and state and local police agencies continued into Tuesday evening.
Persons: SHERIDAN, Sgt . Nevada Krinkee, Travis Koltiska, Krinkee Organizations: , Police Locations: Wyoming, Sgt . Nevada, Sheridan, Montana
Taylor Sheridan is currently one of Hollywood's most prolific creators. AdvertisementThere's no doubt that Taylor Sheridan is one of Paramount's star writers. Since pivoting away from acting, Sheridan has become one of the most prolific screenwriters in Hollywood and helped redefine the Western genre with his hit series "Yellowstone." And that number could be set to increase as his slate of "Yellowstone" spinoffs and other shows grows. Here's everything we know about all the Sheridan-helmed projects currently in development.
Persons: Taylor Sheridan, , Sheridan Organizations: Service, Paramount, Street Journal Locations: Hollywood
United Airlines' shares got a premarket lift following an upgrade at Evercore, and Bank of America dropped its price target on Expedia. He raised the price target to $300 from $225, which implies shares could gain 14.6% from Thursday's close. He also lowered his price target to $181 from $156, which implies 13.5% upside potential from Thursday's close. ET United Airlines shares could surge 56%, according to Evercore Evercore upgraded shares of United Airlines to outperform from in-line. He reiterated his $48 price target on shares, which suggests around 18% upside from the stock's closing price on Thursday.
Persons: Pinterest, Morgan Stanley, TransDigm, CyberArk, Tal Liani, Liani, Kim, Justin, Post, Expedia, — Hakyung Kim, Goldman Sachs, Kate McShane, Gary Millerchip's, McShane, Evercore Evercore, Duane Pfennigwerth, Pfennigwerth, Morgan Stanley's, Kristine Liwag, Liwag, there's, LBTY, Georgios Ierodiaconou, Ierodiaconou, Stephen Ju, Ju, Goldman, Eric Sheridan, . Bank of America's Justin Post Organizations: CNBC, Citi, Liberty Global, United Airlines, Bank of America, Bank of America's, Palo, Costco, Incoming, Kroger, Liberty, Wall Street's, UBS, Pinterest, Google, . Bank of America's, Post Locations: underappreciated, Thursday's, Wall
Morgan Stanley's $47 per share price target on Ally Financial implies nearly 32% upside from Wednesday's $35.68 close. The analyst reiterated an overweight rating on Disney stock alongside a $110 per share price target, or about 11% upside moving forward. Feldman his buy rating on Disney and a $120 per share price target, implying more than 21% ahead. Bank of America also reiterated a buy rating on Disney stock, and stood by its $110 per share price target. Shares have outperformed peers thanks to a strong revenue and earnings per share outlook in the company's fourth-quarter earnings report.
Persons: Morgan Stanley, Morgan Stanley's, Jeffrey Adelson, Michael Rhodes, Adelson, — Brian Evans, Goldman Sachs, Eric Sheridan, Brian Evans, Disney's, Disney, Benjamin Swinburne, Brett Feldman, Feldman, Jessica Reif Ehrlich Organizations: CNBC, American, Ally, Discover Financial, Wall, Disney, Epic, Bank of America, American Express Locations: Roblox
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