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Rosenblatt upgrades Apple to buy
  + stars: | 2024-06-26 | 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 EmailRosenblatt upgrades Apple to buyBarton Crockett, Rosenblatt Securities senior research analyst, joins 'Money Movers' to discuss his decision to upgrade Apple to a 'buy.'
Persons: Barton Crockett Organizations: Rosenblatt, Apple, Rosenblatt Securities
Apple 's commitment to privacy could soon pay off by giving it a leg up over its competitors, according to Rosenblatt. That's because Apple, unlike AI predecessors, has put privacy front and center as part of its AI marketing push and architecture," Crockett wrote. "Apple laid out what it called a Private Cloud Compute architecture that keeps personal information on personal devices, and does not allow non-permissioned release of that information to anyone else, including Apple and third party LLMs," he added. An additional advantage for Apple comes from its AI approach, which allows the firm some immunity from cost pressures at hyperscalers. Against this backdrop, Crockett sees the scales "tipping the AI risk/reward in favor of Apple."
Persons: Rosenblatt, Barton Crockett, Crockett, Michael Bloom Organizations: Apple, hyperscalers
(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Stifel opened coverage on Tesla with a buy rating and an ambitious price target as it sees multiple growth opportunities for the company. Crockett also increased his price target by $64 to $260, which now suggests shares can rally 24.4% from Tuesday's closing price. Goldman also hiked his price target by $7 to $52, now reflecting upside potential of 17.7% over Tuesday's close. Analyst Stephen Gengaro initiated the electric vehicle maker at a buy rating with a $265 price target.
Persons: Rosenblatt, Barton Crockett, Crockett, — Alex Harring, Atif Malik, Malik, Blackwell, Wolfe, Robinhood, Steven Chubak, Chubak, Jason Warnick, That's, Keith Gill, Katja Jancic, Jancic, Brian Ossenbeck, Ossenbeck, Campbell, Ken Goldman, hasn't, Goldman, underperformance, Stifel, Stephen Gengaro, Gengaro, Alex Harring Organizations: CNBC, Federal Express, JPMorgan, FedEx, Apple, Apple Intelligence, Android, Meta, Microsoft, Nvidia, Citi, Wolfe Research, . Steel, BMO Capital Markets, U.S, Steel, Nippon Steel, Nippon, US, U.S . Steel, CPB, Tesla Locations: Tuesday's, Japan, U.S
In today's big story, we're looking at how AI could completely upend venture capitalism amid a wider shakeup for the industry . The generative AI boom was a welcome change for a venture industry looking for a new trend to back (and hopefully profit from). Some of the adjustments aren't novel to the VC industry. ACME Capital; Getty Images, Chelsea Jia Feng/BIThe VC industry might be doomed with or without AI. AdvertisementScott Stanford, a cofounder and partner at early-stage VC firm ACME Capital, told BI's Blake Dodge that half of today's VC firms will shutter in the next decade .
Persons: , VCs zentilia, Jenny Chang, Rodriguez, Insider's Ben Bergman, Ben, Long, Scott Stanford, Chelsea Jia Feng, BI's Blake Dodge, Hany Nada, Jared Siskin, Bobby Jain's, Jonathan Barton, Jain, Rebecca Zisser, OpenAI, Apple, Elif, Jeff Bezos, Robert Winnett, Will Lewis, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Grace Lett, Amanda Yen Organizations: Service, Business, ACME, Getty, ACME Capital, Stanford, BI, Madison, Conservancy, Jain, EV, Ford, European, Regulators, Anadolu Agency, Getty Images, Washington, Harvard, Leagues Locations: today's, Wall, Saudi, Saudi Arabia, Europe, Brazil, Southeast Asia, London, American, Paris, New York, Chicago
The launch of Jain Global has dominated industry gossip since its founder left Millennium Management, where the 53-year-old Jain was Izzy Englander's right-hand man, in late 2022. And more specifically, scalability without incremental cost," Jonathan Barton, the firm's chief operating officer, said in an interview with BI. Starting from a clean sheet of paper gave Jain Global certain advantages, said one senior banker who worked closely with the new manager as it built out its teams and systems. 3Forge, a specialty-software provider, worked with Jain Global to build the interface that connects all the systems for PMs, the risk team, and management. In five to 10 years, Jain Global hopes it won't need a sprawling business-development function because a strong talent pipeline will have developed inside the firm.
Persons: , Bobby Jain's, Jain, Izzy Englander's, It's, Morgan Stanley, Griffin's, Steve Cohen's Point72, Michael Gelband's, redemptions, Jonathan Barton, Barton, — Barton, it's, Bobby, Paul Enright, Sam Kellie, Smith, David Hochberg, Enright, Hochberg, there's, Jon Caplis, Caplis, they're Organizations: Service, Jain Global, Millennium Management, Business, UBS, Citadel, Bank of America, Meru Capital Group, Jain, Credit Suisse, Viking Global, Macquarie, Investors, Bloomberg Locations: Singapore, Balyasny, New York, Houston, London, Hong Kong, York, Lane, Meru, Asia, PivotalPath
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Future for media companies is a break up', says Rosenblatt's Barton CrockettBarton Crockett, senior analyst & managing director at Rosenblatt Securities, joins 'Fast Money' to talk what's behind the slump in media stocks.
Persons: Rosenblatt's Barton Crockett Barton Crockett Organizations: Rosenblatt Securities
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple needs to show how it will leverage AI, says The NYT's Ed LeeEd Lee, New York Times assistant editor, and Barton Crockett, senior analyst at Rosenblatt Securities, join CNBC's 'The Exchange' to discuss Apple's WWDC event, outlooks for the company's AI plans, and more.
Persons: Ed Lee Ed Lee, Barton Crockett, CNBC's Organizations: Apple, Ed Lee Ed Lee , New York Times, Rosenblatt Securities Locations: Ed Lee Ed Lee ,
Investors can still bank on a share-boosting sale of Atlanta Braves Holdings , according to Rosenblatt Securities. In a report out on Wednesday, Rosenblatt analyst Barton Crockett brushed off remarks from Liberty Media chairman John Malone late last week that the Braves were "not for sale." Liberty Media owns 17% of the Braves' Series C non-voting shares that trade under ticker symbol BATRK, Malone another 6% and Braves and Liberty Media CEO Gregory Maffei some 2.25%, according to FacSet data. Majority control of the Braves' voting stock remains in Malone and Liberty's hands. That date refers to the one-year anniversary of the Braves Holdings spinoff from Liberty Media in 2023.
Persons: Rosenblatt, Barton Crockett, John Malone, Crockett, Malone, Gregory Maffei, Liberty's, pining, David Joyce Organizations: Atlanta Braves Holdings, Rosenblatt Securities, Liberty Media, Braves, Braves Holdings, National League Division, Major League Baseball, ESPN, Seaport, National League Locations: Wednesday's, Malone
I'm a mom of four in London who loves saving money on groceries at Aldi. For my kids, I'll pick up snacks and ingredients for easy meals I know they'll love. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs the mom of a teen, a tween, and two younger kids, I'm always looking for easy ways to save time and money on groceries. This story is available exclusively to Business Insider subscribers.
Persons: , I'm, it's Organizations: Aldi, Service, Business Locations: London, Germany
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI is crucial for Apple right now, says Rosenblatt Securities' Barton CrocketBarton Crockett, senior research analyst at Rosenblatt Securities, and Amit Daryanani, senior managing director at Evercore ISI, join CNBC's 'The Exchange' to discuss Apple's AI efforts and more.
Persons: Rosenblatt, Barton, Barton Crockett, Amit Daryanani, CNBC's Organizations: Apple, Rosenblatt Securities, Evercore ISI
Port-au-Prince, Haiti CNN —Vitel’homme Innocent’s picture on the FBI’s “Ten Most Wanted” list of fugitives suggests a crazed man – eyes wide and wild, teeth bared. But the man on the gold sofa preferred to talk about a brighter future – one that he claims Haiti’s gangs are prepared to usher in. Abandoned cars on the road between the US Embassy and the Kraze Baryé stronghold in Port-au-Prince, Haiti, on April 28, 2024. Kraze Baryé employs around 100 men and women, according to Innocent’s lieutenant and cousin, the bleach-blond Dezod Augustin, 34. But Haiti’s gangs maintain they deserve a seat at the negotiating table.
Persons: Haiti CNN —, Innocent, Evelio Contreras, , ” Innocent, de, , Kraze Baryé, , Viv Ansanm, Ariel Henry, Henry, Kraze, “ It’s, ’ Marie, Lucie Bonhomme Opont, Pierre, Louis Opont, territoire perdue, Opont, , Jimmy Chérizier, Robin Hood, Sanjou, Dezod Augustin, Gedeon Jean, Prince, Baryé, Delmas, Antony Blinken, Haiti Dennis Hankins, Rick Barton, Haiti’s, CNN Jean, Henry’s, Jean, CNN’s Rachel Clarke Organizations: Haiti CNN, CNN, Haiti’s, Prince, de Mars, United Nations, Haitian National Police, , Kenya, Haiti’s National Police, CARICOM, US Embassy, Security, , Washington, US, UN, Fund, Federal Bureau of, State Department Locations: Prince, Haiti, Tabarre, Haiti’s, Port, balaclavas, Haitian Creole, Haitian, Nairobi, , Canada, United States, Kraze Baryé, American, France, Kenya, Bahamas, Bangladesh, Barbados, Benin, Chad, Jamaica, it’s, Atlanta
Meta Q1 results on deck: Here's what to expect
  + stars: | 2024-04-24 | 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 EmailMeta Q1 results on deck: Here's what to expectBarton Crockett, Rosenblatt Securities senior analyst, joins 'Squawk Box' to preview Meta's quarterly earnings results after the bell today, what to expect from the tech giant, and more.
Persons: Barton Crockett Organizations: Rosenblatt Securities
Read previewI grew up as an only child in 1980s Manhattan with a single mother. I was afforded opportunities as an only child that I never would have gotten if I had siblings. AdvertisementAs an only child, my mother tried to give me everythingMy mother lavished me with attention, affection, and opportunities. I can't remember a time when my mother wasn't there for me. With no other family members to help, my mother came to live with me in my studio apartment in Paris.
Persons: , She'd, she'd, I'd, Harder Organizations: Service, Business Locations: Manhattan, Ukraine, Paris, New York
Sopa Images | Lightrocket | Getty ImagesMining of critical minerals plays a crucial role in the global green transition, but the broader industry's bad reputation and other challenges present investment barriers, industry experts warn. Critical minerals include metals such as copper, lithium, nickel, cobalt and rare earth elements, and are important components in emerging green technologies such as wind turbines and electric vehicles. Speaking on a panel at Singapore's annual Ecosperity Week, which ended Wednesday, mining industry experts and investors said the growing demand from green tech makes it necessary to increase government support and capital flows into the critical mining sector. Many of the same companies that mine critical minerals also mine environmentally damaging fossil fuels like coal. One area that has seen recent strides and investments has been in the recycling of critical minerals, which cuts down the need of extraction.
Persons: Adam Matthews, Dominic Barton, Barton, Scott Clements Organizations: PT Vale, Getty Images, Global Investor Commission, Mining, Royal Bank of Canada, Rio Tinto, LeapFrog Investments, International Renewable Energy Agency, EV, World Bank, Tribeca Capital Locations: PT Vale Indonesia, China, Paris, Rio, Indonesia's Sulawesi, Rio Tinto, Western Australia
Why Netflix could be a 'sleepy beneficiary' of AI
  + stars: | 2024-04-18 | 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 EmailWhy Netflix could be a 'sleepy beneficiary' of AIBarton Crockett, Rosenblatt Securities senior research analyst and managing director, and CNBC's Steve Kovach join 'Power Lunch' to share outlooks on Netflix, the streaming landscape, and more.
Persons: Barton Crockett, Steve Kovach Organizations: Netflix, Rosenblatt Securities
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Barton Crockett and Steve KovachBarton Crockett, Rosenblatt Securities managing director, and CNBC’s Steve Kovach join 'Power Match' to discuss their outlooks on Netflix ahead of earnings, what's next for the stock, and more.
Persons: Barton Crockett, Steve Kovach Barton Crockett, Steve Kovach, what's Organizations: Rosenblatt Securities, Netflix
One week after the 2020 presidential election, Tina Barton, who as the clerk of Rochester Hills, Mich., oversaw voting there, sat down at her desk, coffee in hand, and listened to her voice mail messages. Ms. Barton, whose town is part of Oakland County, which voted for President Biden in 2020, immediately shared the message with the county sheriff. Then she spent nearly three years wondering, wherever she went — grocery shopping, church, community events — whether the caller would make good on his threat and come to kill her. Only last summer, when federal authorities charged the caller, did she learn his identity and begin to feel some sense of relief. Ms. Barton is one of thousands of election workers who have received threats since the 2020 election, a trend fueled by former President Donald J. Trump’s continued baseless assertions about election fraud and what experts say is a broader distrust of institutions and authority.
Persons: Tina Barton, Barton, Biden, Donald J, Trump’s Locations: Rochester Hills, Mich, Oakland County
Read previewSome TikTok creators are earning thousands of dollars from user-generated videos. The platform introduced early last year the TikTok Creative Challenge, a program for creators to submit UGC-style ads for brands. The TikTok Creative Challenge also offers bonuses, ranging from $300 to $1,000, to motivate users to continue creating UGC content. Caitlin Jenco's TikTok Creative Challenge dashboard directly in the app Caitlin JencoCaitlin Jenco's TikTok Creative Challenge earnings in October 2023, including bonuses. AdvertisementGaming creators Cristina Johnson and Joey Barton have earned thousands of dollars a month from the TikTok Creative Challenge.
Persons: , Caitlin Jenco, Sydney McDonald, they're, Jenco, Muaaz Shakeel, Caitlin Jenco's TikTok, Caitlin, Cristina Johnson, Joey Barton, Johnson, Barton Organizations: Service, UGC, Business, Gaming
Editor’s note: Follow along with CNN’s live updates of the total solar eclipse. Special eclipse momentsWhile totality is considered to be the most exciting part of a total solar eclipse, there are other special phases to watch for before the big moment arrives. Amateur astronomers prepare to watch a total solar eclipse in Mazatlan, Mexico, on Monday. After the total solar eclipse ends, it’s a bit of a wait for the next such celestial sightings in the United States. Those living in Alaska will catch a glimpse of a total solar eclipse on March 30, 2033, and a partial solar eclipse will shine over most of the US during that event.
Persons: Ron Jenkins, Karen Siegel, ” Siegel, Michael Zeiler, Heinz, Peter Bader, Pons, Brooks, Fernando Llano, it’s, Don’t Organizations: CNN, NASA, Indianapolis, GPS, Reuters, JPL, Caltech, Amateur Locations: United States, North America, Texas, Maine, Kerrville , Texas, Cleveland, Newfoundland, Canada, Mazatlan, Coast, Fort Worth , Texas, Texas , Oklahoma , Arkansas , Missouri , Illinois , Kentucky , Indiana , Ohio, Pennsylvania, New York , Vermont , New Hampshire, Vermont, Missouri, Indiana, Lincoln , New Hampshire, Newton , Massachusetts, Barton , Vermont, Mexico, Alaska, North Dakota, Montana, California , Nevada , Utah , Colorado , Kansas , Oklahoma , Arkansas , Mississippi, Alabama, Florida
Creator Sydney McDonald thought the TikTok Creative Challenge was a scam when she first saw an advertisement for it while scrolling through the app last year. The Creative Challenge, launched in June, is a forum for creators to submit UGC-style ads at the request of brands. Five creators BI spoke with said they're earning thousands of dollars a month through TikTok's Creative Challenge. BI verified each of their earnings with screenshots of their TikTok Creative Challenge dashboard. McDonald said many creators she's met along the way have told her they've discovered the program through creators like her.
Persons: Sydney McDonald, McDonald, it's, TikTok, Muaaz Shakeel, Christina Johnson, Corey Barton, Johnson, Barton, they've, Caitlin Jenco, Shakeel, Jordan Erickson, she's, TTCC Organizations: Business, UGC, TikTok's Creative, Creative Locations: The Arizona
New York CNN —The battle for the future of Disney is about to reach its epic conclusion. Nelson Peltz, founder and chief executive officer of Trian Fund Management, has continually criticized Disney CEO Bob Iger. The forces that have tormented Iger will be banished to the shadows, exiled outside of the Magic Kingdom for now. The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World. The future of Disney is up for grabs in the proxy-fight between Iger and Peltz.
Persons: Nelson Peltz, Bob Iger, Peltz, Jay Rasulo, Rasulo, Disney’s “, Marco Bello, Iger, Bob Chapek, ” Barton Crockett, CNN’s, Samantha Delouya, George Lucas, Laurene Powell Jobs, Morgan, Jamie Dimon, Walt, Roy Disney, Abigail Disney, Ike Perlmutter, Trian, they’ll, Walt Disney, Mickey Mouse, Joe Burbank, , it’s, King, Hollywood, “ Iger Organizations: New York CNN, Disney, Trian, Management, Netflix, Trian Fund Management, Bloomberg, Rosenblatt Securities, , Former Marvel Entertainment, Services, Magic Kingdom, Magic, Walt Disney World, Orlando Sentinel, Tribune, Service Locations: New York, Iger
Two competing slates of board seats are now up for a vote against Disney’s. Peltz has criticized Disney’s recent theatrical flops and said the company should reach “Netflix-like margins” with its Disney+ streaming service, among other issues. If Peltz is successful, he and Rasulo could gain up to two seats on the board, displacing Disney’s picks. More than 35% of Disney’s shares are held by these individuals, who could seriously sway the vote. The influential advisory firms Institutional Shareholder Service and Egan-Jones have also thrown their support behind Peltz for at least one seat on the board.
Persons: Nelson Peltz, Jay Rasulo, Peltz, Ike Perlmutter, Bob Iger, ” Barton Crockett, Disney, ” Trian, Rasulo, Iger, Bob Chapek, Peltz —, , It’s, ” Peltz, Perlmutter, , “ They’ve, ’ ” Crockett, Anna, Elsa, Ludwig Von Drake, “ Disney, George Lucas, Jamie Dimon, Michael Eisner, Laurene Powell Jobs, Abigail E, they’ve, ” Jessica Reif Ehrlich, “ Nelson Peltz, Neuberger Berman, Egan, Jones, ” Crocket, CNN’s Liam Reilly, Krystal Hur Organizations: CNN, Disney, Magic Kingdom, Disney’s, Trian Fund Management, Blackwells, Marvel, Netflix, Rosenblatt Securities, ESPN, ABC, Google, JPMorgan Chase, BofA Securities, California, Service Locations: Trian
Analyst Barton Crockett hiked his price target on Atlanta Braves Holdings by more than 10% to $53 per share, saying in a note to clients Tuesday that the team could soon become a buyout target. "We assume that the Braves are likely to be taken private by a billionaire once properly tax-seasoned. Shares of Atlanta Braves Holdings closed at $38.79 per share on Monday, more than 36% below the Rosenblatt price target. BATRK YTD mountain The tracking stock for the Atlanta Braves has struggled in 2024. Atlanta Braves Holdings includes not only the baseball franchise but also some real estate development around the team's baseball stadium in suburban Atlanta.
Persons: Barton Crockett, John Malone, Crockett, Rosenblatt, Carlyle, David Rubenstein, Matt Ishbia Organizations: Rosenblatt Securities, Atlanta Braves Holdings, Liberty Media, Sirius XM, Braves, Sports, National League East, Baseball, Atlanta Braves, Carlyle Group, Baltimore Orioles, Phoenix Suns Locations: U.S, Atlanta
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'd be 'very, very surprised' if Peltz was successful in this proxy fight: Rosenblatt's CrockettBarton Crockett, Rosenblatt Securities senior analyst, joins 'Squawk Box' to discuss news of George Lucas supporting Disney CEO Bob Iger in Disney's proxy fight against activist investor Nelson Peltz, Disney's business trajectory, competition against tech companies, and more.
Persons: Peltz, Rosenblatt's Crockett Barton Crockett, George Lucas, Bob Iger, Nelson Peltz Organizations: Rosenblatt Securities, Disney
Another threat to election officialsAt least four swatting incidents have been aimed at the homes of senior officials who oversee or work to secure elections since December. Separately, a Department of Justice taskforce launched in 2021 has reviewed more than 2,000 allegations of hostility, harassment, abuse, or threats to election officials and staffers, a department spokesperson said. Swatting was featured in a tabletop exercise for election officials in New Jersey last month, a spokesperson for the secretary of state told CNN. Such incidents have prompted The Elections Group, a consulting group led by former election officials, to begin sharing resources on swatting with election workers and incorporating the topic into trainings. A wave of election officials have departed their roles since November 2020, when false claims of a stolen election proliferated.
Persons: Jay Ashcroft, ” Ashcroft, State Jay Ashcroft, Kacen Bayless, , Ashcroft, Gabriel Sterling, , we’ll, Sterling, Justin Bieber, Ashton Kutcher, swatting, ” Jennifer Doebler, Alan Winston Filion, Filion “, Filion, Jennifer Doebler, Lauren R, Shapiro, Republican Sen, Rick Scott of, Scott’s, Sen, Rick Scott swatting, “ Sir, there’s, “ It’s, Swatting, State Shenna Bellows, Bellows, Donald Trump, Trump, Ashcroft’s, Joe Biden, Tina Barton, ” Barton Organizations: CNN, Missouri’s, Republican, State, Kansas City Star, TNS, Getty, FBI, of Justice, Local, Sandy, John Jay College of Criminal, swatting, , Naples Police, , Trump, Elections, Commission Locations: Jefferson City , Missouri, Missouri, Maine , Georgia, Virginia, Sterling, Britain, Sandy Springs, Kansas, Tennessee, California, Rick Scott of Florida, Naples , Florida, Naples, New Jersey, Georgia, Maine
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