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Here are the biggest calls on Wall Street on Friday: Compass Point upgrades Coinbase to buy from neutral Compass said the "long-term opportunities outweigh near-term risks." Goldman Sachs reiterates Tesla as buy Goldman said it's bullish heading into the company's investor day on March 1. KeyBanc reiterates Nvidia as overweight KeyBanc raised its price target on the stock to $280 per share from $220. Daiwa reiterates Disney as buy Daiwa said it sees international growth for Disney which will further drive parks outperformance. Evercore ISI adds a positive tactical call on Walmart Evercore said it's bullish on Walmart heading into earnings next week.
Robinson has a tough road ahead in 2023, according to JPMorgan. Analyst Brian Ossenbeck downgraded the stock to underweight from neutral. The analyst named rail congestion fees, truckload rate cycles and coal volumes as headwinds for the company in 2023 despite an improving industry outlook. Robinson is more exposed to broader industry and macro risks than some of its competitors, notably RXO. However, JPMorgan thinks that there are still significant downside risks to the stock despite its recent gains.
The company reported a loss of 53 cents per share on revenue of $855 million. Deere & Company — Shares advanced 3% after Deere exceeded expectations on the top and bottom lines in its latest quarter. Roku jumped 11% Thursday after the company reported a smaller-than-expected loss in its latest quarter. The company reported a 57 cent per share loss on $480 million of revenue. It reported revenue of $1.01 billion, below the consensus estimate of $1.02 billion.
UPS's Coyote freight brokerage lays off workers as demand falls
  + stars: | 2023-02-17 | by ( ) www.reuters.com   time to read: +2 min
LOS ANGELES, Feb 17 (Reuters) - Coyote Logistics, United Parcel Service's (UPS.N) nonunion freight brokerage subsidiary, on Friday said it was laying off workers as rising interest rates, inflation and a resumption of pre-pandemic consumer spending patterns weaken demand for trucking services. A Feb. 16 report from transportation news provider FreightWaves said 200 jobs would be eliminated. That demand slowed when restaurant dining reopened, travel resumed and global economies started flashing recession warnings, and now those same companies are slashing jobs. UPS is also cut union jobs in its mainstay delivery service. Affected unionized workers with seniority have the option of leaving the company or taking a different role, which could mean that employees with less seniority lose their positions.
Deere (DE) posts a big earnings beat: $6.55 per share for fiscal 2023 first quarter, beating estimates of $5.53. Roku (ROKU) double upgraded at Bank of America to buy, price target to $85 per share. 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. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Jack Grealish celebrates after scoring during Manchester City’s 3-1 victory over Arsenal. Barely a week after the Premier League accused Manchester City of more than 100 breaches of its rules on spending, the most expensively assembled team in Premier League history took control of the title race. Manchester City, with an all-star squad worth more than a billion dollars, returned to the top of the standings on Wednesday night with a swaggering 3-1 victory at Arsenal’s Emirates Stadium. Though Arsenal is only in second place due to its lower goal differential—and has played one less game than City—the result immediately felt like a turning point in the season.
A Denver councilman had to climb onto a debate stage on Monday because it had no wheelchair access. Chris Hinds told The Denver Post he was left "humiliated" as audience members watched on. Event organizers had originally told Hinds that they had planned to lift his wheelchair onto the stage, he told Denverite in a separate interview. Hinds told Denver television station KDVR on Tuesday. "I don't know how that's a legitimate response," Hinds told The Denver Post in response to the statement.
Over the three years they labored side-by-side at Manchester City, Pep Guardiola couldn’t help but notice when his assistant coach, Mikel Arteta, changed a workplace habit. Usually, Guardiola could be sure that Arteta would be the first person off the bench to celebrate any City goal. But when those goals came against Arsenal, where Arteta spent the final five seasons of his playing career, Guardiola noticed that he would stay stony-faced in the dugout, like a man waiting for a bus.
Over the three years they labored side-by-side at Manchester City, Pep Guardiola couldn’t help but notice when his assistant coach, Mikel Arteta, changed a workplace habit. Usually, Guardiola could be sure that Arteta would be the first person off the bench to celebrate any City goal. But when those goals came against Arsenal, where Arteta spent the final five seasons of his playing career, Guardiola noticed that he would stay stony-faced in the dugout, like a man waiting for a bus.
Wonya Lucas is making big changes at the Hallmark Channel
  + stars: | 2023-02-14 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +7 min
And she's done it all while staying true to the Hallmark brand, which Lucas said is always on her mind. Courtesy: Hallmark MediaUnder Lucas, Hallmark's "Countdown to Christmas" movie slate has increasingly changed. When Lucas became CEO of Hallmark Media, which also includes the Hallmark Movies and Mysteries network, it had also been coming out from under a firestorm of controversy. There needed to be more diversity in both casting and storylines," Hamilton Daly said. Zoom In Icon Arrows pointing outwards Three Wise Men and a Baby Hallmark Media
While New Zealand have not lost a test series at home to England since 2008, Stokes's men have little respect for the record books. If New Zealand have a sliver of hope it may lie in England's trouble with day-night tests. England have lost their last five under the lights and neither James Anderson nor Ollie Robinson have much love for the pink Kookaburra ball. England have not looked back since McCullum and Stokes took charge but the series will be a reminder of where it all began for the Anderson-Stuart Broad pace axis. They kept their spots for the third and final clash in Napier, which England won to seal the series 2-1.
Singapore downgrades Q4 GDP, keeps 2023 forecast
  + stars: | 2023-02-13 | by ( Chen Lin | ) www.reuters.com   time to read: +3 min
Analysts said that some services industries will fare better this year amid China's reopening, while manufacturing, especially electronics, is likely to weigh on growth in the short-term. The current central bank monetary policy stance remains appropriate, said Edward Robinson, Deputy Managing Director at the Monetary Authority of Singapore said. "Looks like the window remains open for a tightening if core inflation remains very sticky on the downside," she added. Since April last year, Singapore had lifted most of its COVID-19 restrictions with many international events returning to the city-state, attracting tourists and businesses. Reporting by Chen Lin in Singapore; Editing by Sam HolmesOur Standards: The Thomson Reuters Trust Principles.
PHOENIX—Kevin Burkhardt’s dream of becoming a world-renowned broadcaster couldn’t have felt further away a couple of decades ago. He was making ends meet by selling cars in New Jersey. It still seemed pretty remote when he upgraded from peddling 1992 Malibus and minor-league broadcasting for a microphone on Sportsnet New York as a baseball sideline reporter in Queens. That’s because life-changing success stories in sports don’t tend to be associated with the New York Mets.
Hip-Hop, Still Fly at 50
  + stars: | 2023-02-08 | by ( Guy Trebay | ) www.nytimes.com   time to read: +1 min
“Everything is a flashback,” Syreeta Gates said last week. “That’s the way it always is with our culture. It was a dizzying convergence, musically and visually. Decades afterward, the rap scholar Tricia Rose would note in “Black Noise: Rap Music and Black Culture in Contemporary America” how skeptical the mainstream initially was to music most thought was a fad. That is, until the indie producer Sylvia Robinson released the hit song “Rapper’s Delight” in 1979.
The Paradox of Prosecuting Domestic Terrorism
  + stars: | 2023-02-08 | by ( James Verini | ) www.nytimes.com   time to read: +52 min
The preventive approach to domestic terrorism goes back even further than the 1990s and it begins with the basic police work and surveillance of the joint terrorism task forces. In fact, there is no section of the U.S. Criminal Code that criminalizes domestic terrorism as such. The absence of clear law around domestic terrorism, and the imperatives of prevention, mean that investigators and prosecutors who work domestic terrorism cases must focus on more common charges: weapons violations, illegal drug possession, burglary, aiding and abetting and so forth. But this was not enough to overrule the fear of domestic terrorism that was gripping the nation and that hung in the courtroom. It reflected the legal paradoxes of the case and domestic terrorism law in general or, maybe more accurately, the absence of it.
Officially, Manchester City said it was “surprised” on Monday when the English Premier League alleged that the club had breached its financial rules on over 100 occasions since 2009. But internally, the club had been bracing for this moment for five years. As City racked up trophies and spent money on talent like no English team before it under the ownership of a member of the royal family of Abu Dhabi, the club was aware that Premier League investigators were poring over its finances.
Authorities in Perth, Western Australia, believe that a bull shark is responsible for a fatal attack. Bull sharks, which can live in salt and fresh water, can be aggressive though fatal attacks are rare. Bull sharks are the most dangerous sharks in the world, according to many experts, because they hunt along shorelines where people gather to swim. One of the biggest bull sharks recorded was 13 feet long and weighed 990 pounds. The Swan River had not seen a fatal shark attack since January 1923, when a bull shark killed a 13-year-old boy.
Robinson Worldwide Inc. is standing its ground against an activist investor pushing for a quick and wide-ranging overhaul of the country’s biggest freight broker as the company battles declining freight demand and growing competition. Robinson’s international freight forwarding business, a central goal of investor Ancora Holdings Group LLC as it seeks an overhaul of the business. Robinson executives said on the Wednesday earnings call that the global forwarding arm, which moves freight by air and ocean, is essential to the company’s success. Robinson is by far the largest player in the U.S. domestic freight brokerage market that matches freight shippers with available trucks. It is also among the top two U.S.-based companies in the global forwarding market that transports cargo by air and ocean.
Once Novak Djokovic made it back to Australia, he hardly wanted to leave. Djokovic had been in the country for almost a month and not lost a single tennis match there—not in the Australian Open tuneups nor in the tournament itself, which he won for a record 10th time on Sunday. A year on from his Melbourne deportation fiasco, Djokovic had returned in conquering form and felt right at home again.
However, analysts believe some stocks are getting ahead of themselves and are set to fall. We used FactSet data to screen for S & P 500 stocks whose consensus price targets indicate an expected decline. Here are 20 stocks analysts predict will have the biggest drops this year. Macquarie downgraded Paramount shares to underperform from neutral the day after Paramount announced its integration plans. Carnival Cruise Line 's stock has popped more than 40% in 2023 as of Thursday morning, but analysts anticipate it will drop 8.1%.
Align Technology — The orthodontics company saw its shares rise 14% after its quarterly earnings and revenue beat analyst expectations. Align also said it will repurchase up to $1 billion of its common stock over the next three years. The company generated $9.19 billion of revenue, while analysts surveyed by Refinitiv were looking for $9.25 billion. Beauty — Shares for the cosmetics company jumped 1.67% after its fiscal third quarter revenue topped analysts' estimates. Refinitiv analysts had previously called for per-share earnings of 23 cents on revenue of $121.8 million.
The financial-technology company, which offers investing, trading, and savings features for its 2 million users via a subscription-based model, announced Liza Landsman as its new CEO on Thursday. She succeeds Stash cofounder Brandon Krieg, who is staying at the company as head of business development. When Insider asked Landsman about future plans for Stash — raising more funds, looking to be acquired, or going public — the new CEO honed in on an IPO. Cofounder and former CEO Krieg is stepping into a new position within the company as head of business development. He'll lead the development of a new business-to-business channel that will allow Stash users to access funds on the app through their employers.
FedEx did not say how many positions would be affected by the new layoffs. In mid-September, FedEx pulled its profit forecast and shares swooned more than 20% - the largest single-day drop in the company's 50-year history. But those numbers only tell part of the story because they exclude roughly FedEx 6,000 contractors and their workers, who handle most of the FedEx Ground's home delivery business. FedEx already has temporarily furloughed workers at its trucking division FedEx Freight as the pandemic-fueled e-commerce delivery bubble deflates and recession threatens, joining transportation-focused companies ranging from delivery upstart Amazon.com (AMZN.O) and trucking company C.H. Robinson Worldwide (CHRW.O) to freight broker Uber Freight and freight forwarding startup Flexport in announcing layoffs.
Meta — The Facebook parent jumped 17% after the company announced a $40 billion stock buyback when reporting quarterly results. Meta beat analysts' estimates for fourth-quarter revenue, according to Refinitiv. Align Technology — Shares of the orthodontics company gained 14% after the company beat analysts' estimates in its latest quarter. e.l.f Beauty – The cosmetics company's shares leapt 11% after e.l.f Beauty exceeded analysts' estimates in its fiscal third quarter. That compares with analysts' estimates of $1.38 in per-share earnings on $5.68 billion in revenue.
C.H. Robinson misses profit estimates as freight prices fall
  + stars: | 2023-02-01 | by ( ) www.reuters.com   time to read: +1 min
Feb 1 (Reuters) - Logistics company C.H. Robinson Worldwide Inc (CHRW.O) on Wednesday reported a lower-than-expected quarterly adjusted profit as a sagging economy hurt freight demand and prices. Shares of the company fell about 4% to $98.0 after the bell. Rising interest rates and fears of a recession have choked consumer spending in a blow to shipment volumes in the global logistics industry. "Prices for ground transportation and global freight forwarding are declining due to the changing balance of supply and demand," interim Chief Executive Scott Anderson said in the company's earnings release.
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