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Linde Why we own it: The industrial gas supplier and engineering firm has a stellar track record of consistent earnings growth. We're not the only investors who have come to covet the company's ability to deliver steady earnings growth regardless of the economic conditions. But if there is a worsening of economic conditions, Lamba said Linde will take action quickly to protect profits. "That was just a very solid quarter," Jim Cramer said Friday. Guidance For the third quarter, Linde expects adjusted EPS in the range of $3.82 to $3.92, implying 5% to 8% growth compared with the year-ago period.
Persons: Linde, LSEG, . Linde, , We're, South America —, Sanjiv Lamba, Lamba, Matthew White, White, Jim Cramer, Jim Cramer's, Lin, Jim, Rolf Schulten Organizations: Revenue, Products, Linde, LIN, Taiwan Semiconductor Manufacturing Company, Linde's, CNBC, Bloomberg, Getty Locations: North America, America, South America, U.S, It's, Arizona, Americas, Europe, Middle East, Africa, Linde's Asia, China, Leuna, Germany
Wall Street to Big Tech: Is AI ever going to make money?
  + stars: | 2024-08-02 | by ( Clare Duffy | ) edition.cnn.com   time to read: +7 min
New York CNN —There’s been one big question on the minds of Wall Streeters this tech earnings season: When will anyone start making actual money from artificial intelligence? But Big Tech still has relatively little to show for all their billions spent in terms of significant revenue gains from AI or profitable new products, and investors are starting to get antsy. Shares of both Google and Microsoft dipped following their earnings reports, a sign of investors’ discontent that their huge AI investments hadn’t led to far-better-than-expected results. She added: “Gen AI is where we’re much earlier … We don’t expect our gen AI products to be a meaningful driver of revenue in ’24. As an example of just how long it can take AI products to come to fruition, take Tesla’s AI-based “full self-driving” technology.
Persons: New York CNN — There’s, ChatGPT, , Morgan Stanley, Keith Weiss, Steven Ju, Sundar Pichai, Goldman Sachs, , ” D.A, Davidson, Gil Luria, Meta, Amy Hood, , Susan Li, that’s, ” Luria, we’re, Jim Covello, Tesla, FSD, Google’s Pichai, Mark Zuckerberg, — Luria Organizations: New, New York CNN, Big Tech, UBS, Google, Microsoft, CNN, Meta Locations: New York, Silicon Valley
"We believe liquid cooling solution for NVDA's GB200 server rack system in data centers can create a US$4.8bn [total addressable market] by 2027," it said. By enhancing thermal design power and more, such liquid cooling systems save between 10% and 15% on capital expenditure, according to Morgan Stanley. "Heat flow knowhow, precision requirements and time-to-market delivery are key winning factors in this space," said Morgan Stanley analysts. It said it likes Taiwanese firm Delta as it believes its liquid cooling solution will add an additional $280 million in AI cooling revenue in 2025. "Our supply chain checks suggest AVC is the reference design for cold plate for NVIDIA's GB200 server rack liquid cooling system," it added.
Persons: Morgan Stanley, Morgan, PUE, — CNBC's Michael Bloom Organizations: Stock, Companies, Schneider Electric, Delta Electronics, New, Nvidia Locations: Delta, New Taiwan
Apple Intelligence, the company's forthcoming artificial intelligence system, could spur a fresh cycle of iPhone upgrades and hardware sales. One question Cook was willing to partially address was about the company's spending on AI servers. "Embedded in our results this quarter is an increase year over year in the amount we're spending for AI and Apple Intelligence," Cook told CNBC's Steve Kovach on Thursday. The rise in Apple's capital expenditure is tiny compared to its mega-cap peers, such as Microsoft, Google , and Meta . Zuckerberg also wants to ensure that Apple won't fully control the next major technology shift, if it turns out to be AI.
Persons: Tim Cook, Luca Maestri, Cook, CNBC's Steve Kovach, Mark Zuckerberg, Zuckerberg Organizations: Apple Intelligence, OpenAI, CNBC, Apple, Microsoft, Google, Meta, Nvidia
With Harris at the top of the ticket, Democrats now see a chance to refocus voters on the issue and restore their margins among the abortion rights voters who had notably drifted away from Biden. In both the 2020 and 2022 campaigns, voters who backed legal abortion provided overwhelming support to Biden and other Democratic candidates. Across all of those battleground states, Biden this year was performing well below that level with voters who support legal abortion, polls have found. Those abortion rights voters also split about evenly on whether Biden or Trump was better for the economy. “Many of them aren’t single issue abortion voters; they are worried about the economy and inflation, they are worried about immigration,” McLaughlin said.
Persons: Kamala Harris, Joe Biden, wasn’t, Donald Trump’s, Harris, Biden, , Democratic pollster Anna Greenberg, “ It’s, Dobbs, Charles Franklin, Tony Evers, Katie Hobbs, Josh Shapiro, Gretchen Whitmer, Whitmer, Shapiro, Franklin, Trump, Roe, Wade, , Lake, Melissa Williams, ” Harris, Tresa Undem, ‘ what’s, , Greenberg, ” Greenberg, , John Della Volpe, Della Volpe, energize, Jason Cabel Roe, ” Trump, He’s, “ Donald Trump, Jim McLaughlin, McLaughlin, ” McLaughlin, Williams, JD Vance, ” Williams Organizations: CNN, Democratic, Edison Research, Democratic House, Democrats, Marquette Law School, SSRS, Quinnipiac University, Yahoo, Quinnipiac, Trump, Times, YouGov, Biden, Catholic, ” Voters, GOP, Harvard Kennedy School Institute of Politics, Republican Party, , Republicans, White House Locations: The Marquette, Pennsylvania , Wisconsin, Arizona, Georgia, Wisconsin, Pennsylvania, Michigan, London, Harris, Iowa, America, Trump
In his Sunday column , Jim Cramer wrote that these earnings reports will test that rotation narrative. Another way to help "take the sting away" is management teams providing a rationale behind the spending, Jim also wrote Sunday. Alphabet's second-quarter capex of $13.2 billion was up 91% year over year and higher sequentially from $12 billion in the first quarter. Alphabet's full-year capex spending is expected to total nearly $50 billion, according to estimates compiled by FactSet. Investors fretting about AI spending is not entirely new.
Persons: , Jim Cramer, Jeff Marks, Jim, Alphabet's, Sundar Pichai, FactSet, Apple, Meta's, Goldman Sachs, Jim Covello, Covello, Jim Cramer's Organizations: Big Tech, Microsoft, Apple, KeyBanc, Markets, Google, Meta, stoke, Wall Street, Wedbush Securities, CNBC, Bloomberg, Getty Locations: capex
How can the S & P 500 be traded? Those losses continued on Thursday , with the S & P 500 closing at 5,399.22 and the Nasdaq finishing at 17,181.72. The S & P 500 lost 0.83% for the week, and the Nasdaq declined around 2% in the same period. "Then that's where maybe I'm looking to try and find some bargains here for people to sort of buy back into this market," Stutland said. Large over smalls, large over mids and U.S. over international within the large cap space," he told CNBC's " Squawk Box Asia " on Friday.
Persons: we've, Richard Clode, Janus Henderson, Paul Christopher, Christopher, Brian Stutland, CNBC's, Stutland, He's, smalls, We're Organizations: Nasdaq, Trump, Wells, Wells Fargo Investment Institute, Equity Armor Investments Locations: China, Wells Fargo, Friday's,
The new Ola electric scooters displayed during its launch at the Ola headquarters in Bangalore on August 15, 2021. With e-scooter prices starting at around $900, Ola Electric has become the biggest player in a country where adoption of clean vehicles is still low, but rising rapidly. In the IPO, Ola will issue new shares to raise $657 million while existing investors offload their stake of about $77 million to IPO investors, the term sheet showed. Aggarwal and investors such as SoftBank and Matrix Partners will sell part of their stakes in the IPO. Monday's newspaper ad showed 10% of the IPO will be reserved for retail investors, with proceeds going to fund capital expenditure and research and development efforts.
Persons: Manjunath Kiran, MANJUNATH KIRAN, Ola Electric, Narendra Modi's, Tesla, Ola, Bhavish Aggarwal Organizations: Ola, Getty, Tata Motors, TVS, Hyundai, West, Temasek, Fidelity, Nomura, Norges Bank, Reuters, Financial Express, Matrix Partners Locations: Bangalore, India
We're buying 50 shares of Constellation Brands at roughly $246 each. Following Monday's trade, Jim Cramer's Charitable Trust will own 375 shares of STZ, increasing its weighting in the portfolio to 2.8% from 2.46%. Shares of Mexican beer maker Constellation Brands were down 3% on Monday after Heineken reported weaker-than-expected earnings. We're also upgrading Constellation stock back to our buy-equivalent 1 rating . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, Heineken, Bill Newlands, Newlands, Heineken doesn't, Jim Cramer, Jim Organizations: Constellation Brands, STZ, Heineken, Constellation, Asia Pacific, CNBC Locations: China, Modela, Europe, Americas, Asia Pacific, Africa, Middle, United States
Read previewFor a while now, AI stocks have seemingly had the ability to defy gravity. This week, tech companies central to the generative AI boom, including Amazon, Apple, Microsoft, and Meta, report earnings at a time when the market rally they've helped drive teeters on the brink of a correction. If its Big Tech peers also struggle to tell investors that AI isn't just sucking up cash, we might see the AI rally lose some steam. AI hype faces a major testThe rationale behind why AI stocks have been able to defy gravity is pretty simple. Since March, gains in the S&P 500 have been driven by chip firms like Nvidia and the so-called "Fab Five" AI Big Tech stocks, including Alphabet, Amazon, Apple, Microsoft, and Meta.
Persons: , they've, robotaxis, Sundar Pichai, Jensen Huang, Tim Cook, Meta's Mark Zuckerberg, Satya Nadella, OpenAI, Dan Ives Organizations: Service, Apple, Microsoft, Meta, Nasdaq, Tesla, Google, Business, Big Tech, Apple Intelligence, Nvidia Locations: Silicon
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCould $45 million a month be enough to help push a controversial presidential candidate back into the White House? "There are also Democratic super PACs and Democratic mega-donors, and those donors have been very involved recently." Moreover, the existing rules governing contact between super PACs and candidates are "incredibly porous" and "go largely unenforced," Weiner said. Democrats have twice introduced the Freedom to Vote Act, which would have included campaign finance reforms and was widely considered pro-voter.
Persons: , Elon Musk, Donald Trump, Musk, Daniel Weiner, Brennan, Weiner, Barack Obama, Obama, Peter Thiel, JD Vance's Organizations: Service, Business, Democratic, Citizens, Republicans Locations: United States
That will be the case in this jam-packed week , with the earnings from Microsoft on Tuesday, Meta Platforms on Wednesday, and Apple and Amazon on Thursday. If Alphabet said it cut back on data-center spending, then it would be alleged the company is falling behind Amazon and Microsoft in the AI race. The company also is now dogged by another competitor in search engines after ChatGPT creator OpenAI announced a prototype of SearchGPT . Apple reports on Thursday, and if you think the cloud-computing heavyweights are spending on too much AI, then you should be buying Apple. President Joe Biden always chose to have his agencies wear down tech companies.
Persons: Don Forst, There's, hadn't, OpenAI, Tesla, Elon Musk, , Russell, Mark Zuckerberg, Nvidia's Jensen Huang, It's, Zuckerberg, EssilorLuxottica —, EssilorLuxottica, Andy Jassy, Stanley Black, Decker, it's, Kamala Harris, Tony West, Joe Biden, Harris, Biden, Biden couldn't, Gina Raimondo, Raimondo, Donald Trump, Sen, JD Vance, Vance, Trump, Xi Jinping's, Abbott, Jim Cramer's, ABT, Jim Cramer, Jim, Sebastien Bozon Organizations: Los Angeles Herald Examiner, Microsoft, Apple, Google, YouTube, Amazon, Nvidia, Siggraph, Federal Reserve, Mohawk Industries, Fortune Brands, Club, Democratic, Uber Technologies, titans, Department of Justice, Federal Trade Commission, Department of Commerce, Republican, Big Tech, Republican Party, Trump, Abbott Laboratories, Drug Administration, CNBC, AFP, Getty Locations: Los Angeles, Denver, Ray, California, U.S, Ohio, Taiwan, St, Louis , Missouri
Investors seeking solid dividend payers can rely on top-ranked Wall Street analysts, who make recommendations after thoroughly analyzing a company's ability to generate solid financials and deliver strong returns. Here are three attractive dividend stocks, according to Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. WES offers a high dividend yield of 8.8%. Hanold expects Q2 2024 shareholder returns to comprise a fixed dividend of 90 cents a share and a variable dividend of $1.25 per share, with no stock buybacks. KO offers a dividend yield of about 2.9%.
Persons: Wall, WES, Gabriel Moreen, Moreen, TipRanks, FANG, Scott Hanold, KO, Nik Modi, Modi Organizations: Wall Street, Western, Western Midstream Partners, Mizuho, MLP, Diamondback Energy, Endeavor Energy, RBC Capital, Diamondback, Cola Locations: Texas , New Mexico , Colorado , Utah, Wyoming, West Texas, Philippines, India
Yen heads for strongest week in 3 months as carry trades unwind
  + stars: | 2024-07-26 | by ( ) www.cnbc.com   time to read: +3 min
The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The yen was poised for its strongest week in nearly three months on Friday as traders unwound their long-held bets against the frail currency ahead of crucial U.S. inflation data that could cement rate cut expectations. The euro was a tad stronger at $1.0853 but is down 0.35% for the week, its steepest weekly decline since early June. The souring risk sentiment this week has weighed heavily on the Aussie and the New Zealand dollar . The Aussie is down 2% for the week, its worst weekly performance since November 2023.
Persons: James Athey, Ben Bennett, they're Organizations: Marlborough Investment Management, Federal, Fed, Traders, Bank of Japan, Legal, General Investment Management, New Zealand Locations: Tokyo, Asia, Pacific
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Meredith Whitney Advisory Group CEOMeredith Whitney, Meredith Whitney Advisory Group CEO, joins 'Money Movers' to discuss the June Personal Consumption Expenditure data, consumer health, homeowners, Fed rate cuts and more.
Persons: Meredith Whitney Organizations: Meredith Whitney Advisory, Meredith Whitney Advisory Group
In 2023, Rowena Hennigan came to a difficult but necessary conclusion — she needed an extended break from work. That didn't leave much left for her travel budget, but Hennigan had a plan, she said. Hennigan spent the first few days on her own, before her husband and daughter joined her. The family plans to do another house sit in France during their summer holidays this year, she said. Total costs: around $300 (excluding Trusted Housesitters' annual membership fee of $240)The outcome of her four-month break
Persons: Rowena Hennigan, Hennigan, Spain —, France Hennigan Organizations: Gran Canaria Locations: Dublin, Hennigan, Zaragoza, Spain, Gran, Canary Islands, Spanish, Canfranc, France, Valencia, Formigal, Villembits, Tarbes
Gold firms ahead of U.S. inflation data, but set for weekly loss
  + stars: | 2024-07-26 | by ( ) www.cnbc.com   time to read: +2 min
Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Gold was on track for a weekly loss, even as prices firmed on Friday ahead of a key U.S. inflation reading that could offer more cues on when the Federal Reserve will cut interest rates. "Last week, prices scaled record highs on bets of a September U.S. rate cut. The U.S. personal consumption expenditure data for June — the Federal Reserve's favored measure of inflation — is due at 1230 GMT. Meanwhile, India's demand for gold is likely to rise while moving into the fourth quarter, which is traditionally a robust seasonal period for gold demand," ANZ's Kumari said.
Persons: Gold, Soni Kumari, Sugandha Sachdeva, ANZ's Kumari Organizations: Aurum, Federal Reserve, ANZ, SS, U.S ., Hong Kong Locations: U.S, New Delhi, China, Hong
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are struggling, home equity access can be resourceful, says Meredith WhitneyMeredith Whitney, Meredith Whitney Advisory Group CEO, joins 'Money Movers' to discuss the June Personal Consumption Expenditure data, consumer health, homeowners, Fed rate cuts and more.
Persons: Meredith Whitney Meredith Whitney, Meredith Whitney Organizations: Consumers, Meredith Whitney Advisory Group
pic.twitter.com/0licQGfphn — Mustafa Suleyman (@mustafasuleyman) October 20, 2023Expectations for the AI boom to generate serious money are absurdly high, then, which helps explain why the hype train for the technology is still running at full tilt. AdvertisementThat was probably hard for investors to hear given AI has pushed Google to spend more. Similar questions around the gap between returns and hype have shown themselves this week in startup land, too. Toronto-based AI startup Cohere, founded by ex-Googlers in 2019, announced a fresh funding round of $500 million on Monday, putting its valuation at about $5.5 billion. Last year, veteran venture capitalist Vinod Khosla suggested most startups were overvalued and that most investments in AI "will lose money."
Persons: , Mustafa Suleyman, — Mustafa Suleyman, Sundar Pichai, Philipp Schindler, Katherine Tangalakis, Lippert, Pichai, Cohere, It's, Harvey —, Winston Weinberg, Gabriel Pereyra —, Harvey, Vinod Khosla Organizations: Service, Business, Google, Microsoft, BI, Google Ventures Locations: California, Toronto, Cohere
Gold skids on profit-taking, with U.S. economic data on radar
  + stars: | 2024-07-25 | by ( ) www.cnbc.com   time to read: +1 min
Gold prices fell more than 1% on Thursday as investors booked profits ahead of U.S. economic data that could offer more cues on when the central bank will cut interest rates this year and by how much. Spot gold fell 1.2% to $2,369.20 per ounce by 0533 GMT. So, it looks like we are seeing some profit-taking and from a technical perspective, prices could move lower," said Kelvin Wong, OANDA's senior market analyst for Asia Pacific. Traders are expecting that the Fed will deliver a long-awaited rate cut in September. If PCE data shows that inflation is slowing and the Fed can cut rates in September, then we will see a resurgence in gold prices, Wong said.
Persons: Kelvin Wong, OANDA's, Wong Organizations: Asia Pacific, Federal, Gold Locations: U.S
investments might be three times as large as expected returns, while another analyst, in several assessments published by Sequoia Capital, calculated that investments in A.I. (He called this “A.I.’s $600 billion question” and warned of “investment incineration.”) In a similarly bearish Goldman Sachs report, the firm’s head of global equity research estimated that the cost of A.I. “Replacing low-wage jobs with tremendously costly technology is basically the polar opposite of the prior technology transitions I’ve witnessed,” he noted. expenditure, more than the United States spends annually on its military, and think: What exactly is that money going toward? slop”: often uncanny, frequently misleading material, now flooding web browsers and social-media platforms like spam in old inboxes.
Persons: Goldman Sachs, , Erik Hoel, Anthony Aguirre “, A.I, , slop, we’ve Organizations: Barclays, Sequoia Capital Locations: A.I, United
Tim Graham | Getty ImagesIndia "clearly has a problem" figuring out new drivers for its economic growth even as its economy expands at a fast pace, JPMorgan's Jahangir Aziz said, following the country's union budget. "If you look at India over the last two years post the pandemic, recorded growth has been strong. But if you look at the drivers of growth, it's essentially these two: Public infrastructure and services export," Aziz, chief emerging markets economist at JPM, told CNBC's "Street Signs Asia" on Tuesday. According to estimates by the Ministry of Commerce and Industry, India's services exports will likely hit $30.3 billion in June, compared with $27.8 billion in the same month last year. According to the International Monetary Fund's latest World Economic Outlook, the country's growth is predicted to decline to 6.5% in 2025.
Persons: Tim Graham, JPMorgan's Jahangir Aziz, Aziz, CNBC's, V Anantha Nageswaran, Raghuram Rajan Organizations: Getty, Ministry of Commerce and Industry, Services, Reserve Bank, India's, International Monetary, University of Chicago Booth School, Reserve Bank of India Locations: Tardeo South Mumbai, India
Nirmala Sitharaman, India's finance minister, leaves the ministry to present the budget at the parliament in New Delhi, India, on July 23, 2024. India's finance ministry on Tuesday lowered the country's fiscal deficit target to 4.9% for the financial year ending March 2025, a revision from 5.1% during the pre-election interim budget published back in February. That target will then fall to 4.5% or lower for the financial year ending March 2026, India's Finance Minister Nirmala Sitharaman said during the announcements. "This is imperative for attracting foreign investment and sustaining growth," he said, adding that "unprecedented financial support" from the central bank will make the fiscal deficit target possible. "We will endeavor to maintain strong fiscal support for infrastructure over the next five years, in conjunction with imperatives of other priorities and fiscal consolidation."
Persons: Nirmala Sitharaman, Vipul Bhowar, Narendra Modi's, Sitharaman, Hajra, Anand Rathi, Modi's Organizations: Bloomberg, Getty, India's, Waterfield Advisors, Sitharaman, Narendra Modi's Bharatiya Janata Party, Stock Brokers, CNBC, Modi's Bharatiya Janata Party, Centre, Monitoring, BSE, U.S . Locations: New Delhi, India, Mumbai, Bihar, Andhra Pradesh
Anadolu | Anadolu | Getty ImagesThe "Trump trade" could unwind after President Joe Biden withdrew from the 2024 presidential election, throwing his weight behind Vice President Kamala Harris. The Trump trade refers to plays on stocks that are expected to benefit if the former president returns to the White House. CNBC previously reported that Wall Street sees a Trump win as good for stocks as the Republican candidate has called for lower taxes and deregulation. The strategist predicted the U.S. dollar would soften as some of the "Trump trade" unwinds, adding that he believes the prospect of a Democratic victory has marginally increased. Roche said, however, that a Harris nomination increases the chance of a Trump win, but lowers the odds of the Republicans winning both houses of Congress.
Persons: Joe Biden, Biden, Kamala Harris, Trump, Donald Trump, Trump's, Michael Brown, Pepperstone, Brown, David Roche, Harris, Biden Harris, Roche Organizations: U.S, Anadolu, Getty, Republican, House, CNBC, Trump, White, Democratic, Federal Reserve, Quantum, Democratic Party, Biden, Republicans Locations: Ankara, Turkiye, Asia, Australia, U.S
Treasury yields rise as investors weigh rate outlook
  + stars: | 2024-07-19 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +1 min
ET, the yield on the 10-year Treasury was up by over one basis point to 4.2000%. The 2-year Treasury yield was last less than one basis point higher to 4.4706%. U.S. Treasury yields were higher on Friday as investors considered the path ahead for interest rates after the latest comments from Federal Reserve officials. Investors digested remarks from Fed policymakers made throughout the week as they weighed the potential path ahead for interest rates. Fed Chairman Jerome Powell also this week said that rate cuts would begin before inflation reaches the 2% target.
Persons: Mary Daly, we're, Daly, Christopher Waller, Jerome Powell Organizations: Treasury, U.S, Federal Reserve, San Francisco Fed, Fed
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