DIRS.INFO The most relevant business & tech news

☆ Malaysia must avoid 'boom-bust' cycles to finally claim Asian Tiger status, central bank governor says
▼ + stars: | 2024-10-25 | by ( Shafi Musaddique | ) www.cnbc.com time to read: +4 min

Abdul Rasheed Ghaffour, governor of Bank Negara Malaysia, during a news conference at Sasana Kijang Center, which houses Bank Negara Malaysia facilities, in Kuala Lumpur. Malaysia is working toward having the "the right ingredients" to finally claim "Asian Tiger" status, but must avoid the traps of widening inequality seen elsewhere. That's according to Abdul Rasheed Ghaffour, the governor of the central bank of Malaysia, who believes the southeast Asian country must avoid a "boom-bust cycle that has happened before." But it may be a case of better late than never, thanks to better-than-expected economic growth this year. Ghaffour said Malaysia is moving into producing logic chips — more advanced chips often know as the brains of electronic devices.

Persons: Abdul Rasheed Ghaffour, Ghaffour, Karen Tso, Donald Trump, Kamala Harris Organizations: Bank Negara Malaysia, Bank Negara, Washington , D.C, CNBC, Asian Tigers, Oxfam, Taiwan's, Budget, Accounting, Statistics, Tech, Intel, Economic, ASEAN, Republican, Democratic Locations: Bank, Bank Negara Malaysia, Kuala Lumpur, Malaysia, Hong Kong, Singapore, Taiwan, South Korea, Washington ,, Hong Kong's, Penang, European, U.S, Malaysian, Thailand, Indonesia .

☆ Justin Trudeau, a champion of immigration, says he overdid it and strained Canada's economy
▼ + stars: | 2024-10-25 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +4 min

Canada will reduce its target number of new permanent residents in 2025 from 500,000 to 395,000. Justin Trudeau said the new target will pause population growth in Canada over the next few years. He said Canada needed to "pause population growth and let our economy catch up," adding that while immigration was "essential" for Canada's future, it must be controlled and sustainable. Canada's population hit 41 million in April, with immigration accounting for almost 98% of population growth last year. In an interview with Bloomberg, Miller said he was not worried about the slowing population growth from immigration cuts having a negative impact on the economy.

Persons: Justin Trudeau, —, didn't, Trudeau, Marc Miller, Miller, we're Organizations: Service, Canada, Foreign Relations, CFR, Canada Mortgage, Housing Corporation, Bloomberg Locations: Canada, Ottawa

“They unleashed an army and of migrant gangs waging a campaign of violence,” said Trump, who regularly employs dehumanizing language when talking about undocumented immigrants. We're like a garbage can for the world.”Immigration has been a major focus for Trump throughout the campaign, highlighting on stories about undocumented immigrants committing crimes and blaming them for a surge in violence. “Like, let’s just fix this thing.”Arizona is among a handful of swing states expected to ultimately determine the race between Trump and Harris. Early in-person voting began in the state earlier this month, which has drawn visits from both Trump and Harris. Recent public polling has show Trump with a slight advantage in the state, but within the margin of error.

Persons: Donald Trump, “, ”, Trump, Anna Moneymaker, Joe Biden, ” Trump, Kamala Harris, he's, Harris, ” Harris Organizations: Trump, Mullett, Border Patrol, CNN Locations: United States, Tempe, Ariz, Arizona, Mexico, Pennsylvania

An encampment of unhoused people in downtown New Orleans was forcibly relocated by the order of Louisiana Gov. Jeff Landry ahead of this weekend's Taylor Swift concerts, disrupting monthslong housing efforts with less than a week's notice. "It's not like Taylor Swift all of a sudden decided to come to New Orleans," Harris said. We, as a city, knew that Taylor Swift was coming, but there wasn't a conversation had other than last Friday." "So this is working, what we're doing is working," Harris said.

Persons: Jeff Landry, Taylor Swift, Lesli Harris, Swift, Harris, rumblings, Landry, Kate Kelly, ” Kelly, Burger, Joseph Neiswander, Helena Moreno, WDSU, Nathaniel Fields, Nola.com, Taylor Organizations: Louisiana Gov, Caesars Superdome, NBC News, New, Louisiana State Police’s, Louisiana State Police, State, Good, Burger King Locations: New Orleans, Louisiana, Orleans, Nola.com

Donald Trump pumps his fist as he is rushed offstage during a rally in Butler, Pa., on July 13. "Kamala has failed over the last four years and only President Donald J. Trump can fix the problems that are facing our nation," Trump campaign senior adviser Danielle Alvarez said in a statement of the closing argument. “Under Harris’ time in the White House, our nation’s strength has been squandered," a Trump campaign adviser said. But there's a tension between the focus Trump’s campaign has kept on those issues and his desire to wander into different territory. Only President Trump cut middle-class taxes, and only President Trump will do it again.”Brad Todd, a Republican strategist who isn’t working for Trump, said the spot "does a great job of channeling the overarching current that can push him over the line" by arguing that "America's on the wrong track and you can't keep the same people in charge."

Persons: Donald Trump, Anna Moneymaker, Trump, Kamala Harris, Kamala, Donald J, Danielle Alvarez, Joe Biden, Harris, Israel —, Biden —, Harris —, ” Trump, Biden, “, —, Arnold Palmer's, ” Brad Todd, Todd Organizations: Democratic, Trump, NBC, “, Economic, of Chicago, Republican Locations: Butler, Pa, New York, Gaza, Ukraine, Iran, East, Russia, China, U.S, North Carolina

☆ Where Vanguard sees opportunity to earn income right now
▼ + stars: | 2024-10-24 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

With the Federal Reserve rate-cutting cycle now underway, income investors may want to take a closer look at their portfolios. In this environment, Vanguard likes higher-quality, fixed-income assets. However, with high yield credit, Vanguard is focusing on bottom-up security selection due to the dispersion among issuers. CCC-rated bonds gained 12.5% year to date, as of Sept 30, versus the 4.3% return in AA credit, according to Vanguard. Individual investors can get access to corporate credit through mutual funds or exchange-traded funds comprising investment-grade or high-yield bonds.

Persons: Sara Devereux, Devereux, Colleen Cunniffe, Cunniffe, outsized Organizations: Federal, Vanguard, Fed, Investor, Securities, Exchange Commission, Fund Locations: Utilities

☆ In the battle of WiFi versus mesh networks, the latter has the edge. Two tech leaders share why.
▼ + stars: | 2024-10-24 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +5 min

Mesh networks consist of devices that connect to each other rather than to a single router. A mesh network is a private wireless broadband network in which devices, or connection points, link to one another in a weblike structure. Mesh networks also offer significantly more safety and security, whether from a malicious attack or other breach. We're also moving toward more autonomy and artificial-intelligence-driven decision-making, applications, and technologies; mesh networks are built for that. If you drop a mesh network into an environment with poor LAN architecture and configuration, it will become apparent pretty quickly.

Persons: —, Steven Griggs, Todd Rigby, Griggs, Rigby, Erica Sweeney, We're, Sweeney Organizations: Rajant Corporation, Service, LTE

☆ Anna Kendrick says she had to pitch herself twice to direct Netflix hit 'Woman of the Hour' because she wasn't confident enough the first time
▼ + stars: | 2024-10-24 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Anna Kendrick made her directorial debut with Netflix's new true crime movie, "Woman of the Hour." She told "The Late Show" that she was "beyond terrified" when she first pitched to direct the film. "Woman of the Hour" is Netflix's latest true crime thriller. The producers wanted someone with experience as they planned to start shooting soon, but Kendrick told Colbert she had other ideas. "It was a fascinating example of just how phony Hollywood is because then I did it again the next day," Kendrick continued.

Persons: Anna Kendrick, —, Anna Kendrick's, Stephen Colbert, Jeffrey Dahmer, Anna, Kendrick, Colbert, We're, Chris Pine, Dev Patel, Jerry Seinfeld, Michael B, Jordan, let's, Leah Gallo, Netflix Kendrick, Let's, Michelle Obama, Tom Hanks, Valerie Young, Young Organizations: Service, Netflix

☆ FDA eyes McDonald's supplier Taylor Farms as source of E. Coli outbreak
▼ + stars: | 2024-10-24 | by ( Berkeley Lovelace Jr. | ) www.cnbc.com time to read: +2 min

A McDonald's Quarter Pounder hamburger is shown in this photograph, in New York's Times Square, Wednesday, Oct. 23, 2024. An E. coli outbreak has been traced to McDonald's Quarter Pound hamburgers served with raw slivered onions. An FDA spokesperson confirmed Thursday the agency was investigating Taylor Farms, adding, "We're looking at all possible sources." A McDonald's spokesperson said Wednesday that the raw onions were sourced from a single supplier and processed at a single facility. According to the company's website, Taylor Farms is a California-based producer of fresh-cut fruits and vegetables.

Persons: Taylor, Taco Bell Organizations: Drug Administration, . Foods, FDA, Centers for Disease Control Locations: New, Colorado, California

☆ John Turturro says he turned down a part in 'The Penguin' because the show features 'violence against women'
▼ + stars: | 2024-10-24 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

John Turturro declined to return as mobster Carmine Falcone in "The Penguin." AdvertisementJohn Turturro declined to reprise his role as mobster Carmine Falcone in "The Penguin" because the show featured "violence against women." Turturro told Variety he chose not to return to the role because of the violence against women in the HBO series. In the show, there was a lot of violence towards women, and that's not my thing," he said. The depiction of violence against women in film and TV has become under scrutiny in recent years.

Persons: John Turturro, Carmine Falcone, —, Matt Reeves, Falcone, Paul Dano, Mark Strong, Turturro, Variety, that's, Selina Kyle, Zoe Kravitz, Annika, Hana Hrzic, Kyle, Robert Pattinson, Lauren LeFranc, doesn't, Strong, it's, Matt, Reeves, Oscar, Jessica Chastain, Quentin Tarantino's, Blake Lively, Lively, Lily Organizations: Service, HBO, BBC News

☆ American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss
▼ + stars: | 2024-10-24 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

American Airlines posted a third-quarter loss but raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off. The carrier said it expects to earn between 25 cents and 50 cents a share on an adjusted basis for the fourth quarter, above the 29 cents analysts polled by LSEG expected. For the full year, the airline expects to earn as much as an adjusted $1.60 a share, ahead of an earlier American forecast for no more than $1.30 a share. American in May fired its chief commercial officer after a sales strategy that aimed to drive direct bookings backfired and quickly reverted much of its sales model. For the fourth quarter, American said its unit revenue will likely drop between 1% to 3% compared with last year, with capacity up as much as 3% year over year.

Persons: Robert Isom, LSEG, Isom Organizations: American Airlines, Unit Locations: American

☆ Billionaire investor David Einhorn says buying HP stock is a cheap way into the AI craze
▼ + stars: | 2024-10-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

David Einhorn said computer hardware maker HP could eventually benefit from AI. He said HP stock trading around 10x earnings looks "very reasonable." AdvertisementFamed hedge fund investor David Einhorn is eyeing a tech stock that could be an under-the-radar artificial intelligence play. One of these names is computer hardware firm HP, Einhorn told Bloomberg TV. The stock is trading 10 times earnings, pays a dividend yield of over 3%, and spends 100% of free cash flow paying shareholders, he said.

Persons: David Einhorn, —, Einhorn Organizations: HP, Service, Greenlight, Bloomberg, COVID, Robin Hood Investors Conference

☆ U.S. will be ‘more pro-crypto’ after this election, no matter who wins, says Ripple CEO Garlinghouse
▼ + stars: | 2024-10-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Ripple Labs CEO Brad Garlinghouse has been skeptical of crypto regulation in the U.S., but he is feeling highly optimistic about the post-election environment around the corner. Ripple, a veteran company in crypto known in part for its close association with the XRP token, operates a global payments business with banks and financial institutions as its main customers. About 95% of its business takes place outside of the U.S., which Garlinghouse said is partly a reflection of the contentious environment in Washington. On Wednesday, Garlinghouse offered a piece of advice to fintech startups in this changing time: "Incorporate outside the United States."

Persons: Brad Garlinghouse, we've, Garlinghouse, … It's Organizations: Milken, Global Conference, Ripple, CNBC, DC, U.S . Securities, Exchange Commission Locations: Beverly Hills , California, U.S, Washington, United States

☆ Interview: Salesforce CEO Marc Benioff bashes Microsoft as generative AI threatens his company's CRM lead
▼ + stars: | 2024-10-24 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +7 min

In a Business Insider interview this week, he let loose again, blasting Microsoft's Copilot AI assistant, while touting the Salesforce AI agents that are rolling out soon. In the interview with BI, Benioff focused on Salesforce's continued lead in the CRM market, rather than Microsoft's creeping gains. Generative AI may change CRMGenerative artificial intelligence may be a new challenge to Salesforce and especially its lead in CRM software. He cited CRM software, which replaced the physical Rolodex and helped salespeople keep in better touch with their contacts. It helps companies create their own AI agents to assist with tasks such as customer service and sales.

Persons: —, Marc Benioff isn't, Benioff, Copilot, Salesforce's, Rishi Jaluria, salespeople, Salesforce, Jaluria, It's, Morgan Stanley, Einstein, Agentforce Organizations: Microsoft, Salesforce's, Service, IDC, RBC Capital Markets

☆ Chevron CEO says 'consistent and coherent energy policy' is what matters for the next administration
▼ + stars: | 2024-10-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

With a historic presidential election just around the corner, Chevron CEO Mike Wirth told CNBC's Jim Cramer what kind of government action is important for his company. "What really matters is consistent and coherent energy policy," he said. Wirth stressed that energy is a vital part of the global economy, saying that if supplies are constrained by political actions, it can trigger inflationary reactions across the board. According to Wirth, Chevron is apolitical and tries to work with both parties. For example, he said, oil helps create petrochemicals which are used for a variety of manufacturing purposes, including to create materials for EVs.

Persons: Mike Wirth, CNBC's Jim Cramer, Wirth Organizations: Chevron, Wirth Locations: U.S

☆ Boeing said it's lost another $250 million on the Starliner project
▼ + stars: | 2024-10-24 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Boeing has recorded another $250 million loss on its Starliner program. Boeing has lost $1.85 billion on the Starliner program to date. AdvertisementAerospace manufacturer Boeing said on Wednesday that it was incurring an additional $250 million charge against earnings on its beleaguered Starliner program. This is in addition to the $125 million charge against earnings Boeing recorded in the second quarter of this year. Boeing has lost $1.85 billion on the Starliner program to date.

Persons: Kelly Ortberg, —, Starliner, Butch Wilmore, Suni Williams, Wilmore, Williams, Ortberg, Boeing's Organizations: Boeing, New, Service, Aerospace, Space, NASA, SpaceX, SEC, Ortberg, Business Insider, Max, Airlines, Wednesday Locations: New Mexico, Oregon, California

☆ 6 new things Elon Musk said about the Cybercab on Tesla's earnings call
▼ + stars: | 2024-10-24 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Elon Musk talked more about the autonomous Cybercab during Tesla's third-quarter earnings call. AdvertisementIt's been less than a month since Elon Musk unveiled the Tesla Cybercab, an autonomous robotaxi without a steering wheel or pedals, at the company's "We, Robot" event. AdvertisementMusk says Cybercab will reach volume production in 2026Tesla's Cybercab was first shown off at the company's "We, Robot" event on October 10, 2024. "I do feel confident of Cybercab reaching volume production in '26, not just starting production, reaching volume production in '26," he said. "It's not, it's especially not just a revolutionary vehicle design, but a revolution in vehicle manufacturing that is also coming with the Cybercab," Musk said.

Persons: Elon Musk, Musk, —, It's, Tesla, Tesla's Cybercab, Tesla Musk, it's Organizations: Service, Wall Street Locations: Texas, California

☆ Barclays profit jumps 23% in third quarter, beating expectations
▼ + stars: | 2024-10-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

LONDON — British bank Barclays on Thursday reported £1.6 billion ($2 billion) net profit attributable to shareholders for the third quarter, beating expectations. The result compared with the £1.17 billion net profit forecast in an LSEG poll of analysts and was 23% higher than the same period in 2023. In the second quarter, Barclays net profit fell slightly year-on-year amid lower income at its U.K. consumer bank and corporate bank, as net profit jumped 10% at its investment bank. Corporate bank income was 1% higher due to a rise in average deposit balances, while investment banking income gained 6%. Amid declines, income at Barclays' private U.S. consumer bank dipped 2% year-on-year as its wealth management unit fell 3%.

Persons: Venkatakrishnan, we've Organizations: LONDON, Barclays, Revenue, Tesco Bank, CNBC

☆ Tesla stock surges 18% after stellar earnings, one of its biggest gains in years
▼ + stars: | 2024-10-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Tesla shares rallied as much as 18% on Thursday after the company reported strong earnings. The carmaker reported better-than-expected auto margins and gave strong guidance for 2025. The jump on Thursday marks one of Tesla's biggest intraday percentage gains in years. Others on Wall Street, though, raised questions about other aspects of Tesla's business. "TSLA offered no details on a CY25 model, no details on improved FSD, and no details on its plans for Optimus.

Persons: Tesla, —, Elon Musk's carmaker, Aaron, Morningstar, Musk, we're, TSLA Organizations: Service, Elon, Wedbush Securities, Wall, Optimus Locations: China, CY25

☆ Airlines are doubling down on premium seats. So far, it's paying off
▼ + stars: | 2024-10-24 | by ( Taylor Rains | Benjamin Zhang | ) www.businessinsider.com time to read: +4 min

Airlines are doubling down on high-margin premium cabins and even expanding them on new planes. American Airlines on Thursday reported an 8% increase in premium revenue in the third quarter compared with the prior year. Its rivals Delta Air Lines and United Airlines reported similar premium revenue growth in the quarter, at 4% and 5%. Courtesy of Delta Air LinesLeaning more into premium seats could fill that financial void. United Airlines' Polaris business class.

Persons: —, Andrew Nocella, American's, Vasu Raja, Robert Isom, haven't Organizations: United, Service, American Airlines, Delta Air Lines, United Airlines, Airlines, Suite, American Airlines Delta, Boeing, Airbus, stoke, United Airlines ' Polaris, Frontier Airlines, Spirit Airlines, Spirit, JetBlue Airways, Southwest Airlines

Both companies see massive potential for the technology, with a grand vision for AR glasses to usurp smartphones as the next generation of computing. Microsoft has also invested in AR technology for well over a decade, launching its HoloLens headset for enterprise in 2016. While Snap and Meta have debuted AR prototypes, they're still years away from selling those devices to consumers. Snap similarly plans to invest in building out its ecosystem, renting its AR glasses to developers who commit to paying $99 a month for a year for the Spectacles. Watch the video as CNBC's Julia Boorstin tries Meta and Snap's augmented reality glasses and explores the future of this cutting-edge tech.

Persons: Mark Zuckerberg, Evan Spiegel, Chris Cox, CNBC's Julia Boorstin, Apple, Tuong Nguyen, Gartner, they're, Zuckerberg, We're, We've, Spiegel, Boorstin, Julia Boorstin Organizations: Google, Microsoft, Meta

☆ Stocks making the biggest moves premarket: Tesla, UPS, Lam Research, IBM and more
▼ + stars: | 2024-10-24 | by ( Sean Conlon | ) www.cnbc.com time to read: +5 min

For the period, UPS earned $1.76 per share on $22.25 billion in revenue, above the LSEG consensus estimates of $1.63 per share and $22.14 billion. The company posted earnings of 86 cents per share on revenue of $4.16 billion, above the consensus estimate of 80 cents per share and revenue of $4.05 billion, per LSEG. Newmont – The stock fell more than 4% after the company posted weaker-than-expected earnings for the third quarter. Newmont posted earnings of 81 cents per share, excluding items, on revenue of $4.61 billion. Whirlpool posted earnings of $3.43 per share, more than the $3.20 per share expected by analysts polled by FactSet.

Persons: Elon Musk, Transocean, Newmont, FactSet, Boeing machinists, Molina, Robert Isom, —, Alex Harring, Sarah Min, Michelle Fox Theobald Organizations: United Parcel Service, UPS, Lam Research, Bloomberg, Bloomberg News, Mobile, Boeing –, Boeing, Mattel, Wall Street, Honeywell, Northrop Grumman –, LSEG, Southwest Airlines, Revenue, Molina Healthcare, IBM, Whirlpool, FactSet . American Airlines, American Airlines

☆ TKO Group to acquire IMG, Professional Bull Riders and On Location from Endeavor for $3.25 billion
▼ + stars: | 2024-10-24 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +2 min

TKO Group , the company that owns WWE and UFC, is expanding into sports-adjacent properties by acquiring three businesses for $3.25 billion from its controlling owner, Endeavor Group . The businesses are Professional Bull Riders, On Location, and IMG, the companies announced Thursday. The deal is all stock, and Endeavor's ownership in TKO will increase from 53% to 59%. While the company does acquire a new league in PBR, the world's largest bull riding league, it also is expanding into luxury hospitality with On Location and media rights consultancy through IMG. "At TKO, we're primarily interested in league ownership if that exists and businesses that can power our current sports ecosystem.

Persons: Ari Emanuel, Dwayne, Johnson, Mark Shapiro, we're, Silver Lake, Shapiro, Sean Gleason, TKO Organizations: CNBC, New York Stock Exchange, WWE, UFC, Endeavor Group, Professional Bull Riders, IMG, Endeavor, Silver Lake, Silver, PBR, Ryder, FIFA, NFL, English Premier League, National Hockey League, Major League Soccer Locations: New York City, U.S

☆ Our software stocks jump, and industrial earnings teach an investment lesson
▼ + stars: | 2024-10-24 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Dover CEO Richard Tobin discussed the dynamic on the company's third quarter earnings call earlier Thursday . 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, it's, Tesla, ServiceNow, Salesforce, Oppenheimer, Textron, It's, We're, Richard Tobin, Tobin, Edwards Lifesciences, Dexcom, Newell, Jim Cramer's, Jim Organizations: CNBC, ., Nasdaq, Dow Jones, Palo Alto Networks, Honeywell, Dover, Carrier Global, Aerospace, Union Pacific, United Parcel Service, Barclays, UPS, Federal Reserve, Boston Beer, Abbott Laboratories, Colgate, Palmolive, Centene, Newell Brands, New York Community Bancorp, Commerce Department, University of, Jim Cramer's Charitable Locations: Palo, Dover

☆ Bernstein naming Meta the new 'set-it-and-forget-it' stock comes down 2 things
▼ + stars: | 2024-10-24 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

In the battle of the tech giants, Wall Street firm Bernstein favors Meta Platforms over Alphabet . The analysts raised their Meta price target to $675 per share from $600 and kept their outperform buy rating on the stock. Bernstein acknowledged the valuation of Meta stock versus Alphabet "feels stretched" at the moment. Big picture Bernstein's bullish assessment of Meta's future growth prospects comes as the stock has significantly outperformed both the overall market and Alphabet. META YTD mountain Meta Platforms YTD Before Wednesday's 3% drop in an ugly market, Meta closed Tuesday just 2% off its record close of $595.94 on Oct. 4.

Persons: Bernstein, Meta, Shein, we're, Jim Cramer's, Kamala Harris, Jim, Jim Cramer Organizations: Wall, Google, Meta, Adobe, Facebook, CNBC Locations: Wednesday's, U.S

Search resuls for: "we're"

25 mentions found