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☆ Nasdaq in focus: META, DOCU, DLTR & TMUS
▼ + stars: | 2022-11-21 | 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 EmailNasdaq in focus: META, DOCU, DLTR & TMUSSteve Grasso, Grasso Global CEO, joins 'Power Lunch' to discuss Nasdaq's come down from last year's record highs in a three stock lunch look at Nasdaq's best and worst performers.

The committee on Oct. 22 sent Trump himself a subpoena to testify under oath and provide documents. Trump, who is considering another run for the presidency in 2024, has accused the panel of waging unfair political attacks on him. Circuit Court of Appeals on Oct. 22 declined to put the subpoena on hold while Ward appealed. Ward and her husband, Michael Ward, both signed their names on one of the slates of alternate electors for Trump. Supreme Court Justice Elena Kagan had temporarily put the subpoena on hold on Oct. 28 while the full court decided how to proceed.

☆ Stephen King makes for unlikely antitrust hero
▼ + stars: | 2022-11-01 | by ( Jennifer Saba | ) www.reuters.com time to read: +4 min

A U.S. judge blocked Penguin Random House’s $2.2 billion acquisition of rival Simon & Schuster on Monday after the Department of Justice argued it would unfairly limit pay for top authors such as Stephen King. Adding Simon & Schuster would give it 70% of the literary nonfiction market, according to NPD Book Scan. The Department of Justice drew a line in its challenge to Penguin, distinguishing highly paid writers from the rest. Follow @jennifersaba on TwitterloadingCONTEXT NEWSA U.S. judge on Oct. 31 ruled that a planned $2.2 billion merger of Penguin Random House and rival Simon & Schuster cannot go forward. German media group Bertelsmann, the owner of Penguin, agreed to buy Simon & Schuster from Paramount Global in 2020.

☆ Stocks: Dow on track for best month in more than 45 years
▼ + stars: | 2022-10-31 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

New York CNN Business —The Dow fell slightly midday Monday but is still up 14% this month, putting it on track for its best monthly gain since January 1976. Still, it’s fitting that on Halloween, candy maker Hershey (HSY) is trading at an all-time high, Shares are up nearly 25% this year. That’s nearly half of the Dow stocks. Oil stocks and health care companies are leading the market, with Chevron (CVX), Merck (MRK) and Amgen (AMGN) topping the Dow leaders list. This list of well known, brand-name stocks trading at record highs is further proof of that point.

☆ Stocks making the biggest moves premarket: Exxon Mobil, Chevron, Amazon and others
▼ + stars: | 2022-10-28 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:Exxon Mobil (XOM) – Exxon Mobil added 2.2% in premarket trading after record profits exceeded analyst forecasts. Chevron (CVX) – Chevron rose 1.7% in premarket action after top and bottom line beats for its latest quarter. Amazon (AMZN) – Amazon slumped 12.3% in the premarket after projecting much weaker-than-expected revenue for the current quarter. The chip maker beat top and bottom line estimates for its latest quarter and said it will focus on cost reductions over the next year. Deckers Outdoor (DECK) – The footwear and apparel maker reported a quarterly profit of $3.80 per share, 12 cents above estimates.

☆ Wall Street surges to sharply higher close ahead of Fed week
▼ + stars: | 2022-10-28 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Analysts now see third-quarter S&P 500 earnings growth of 4.1%, up from 2.5% on Thursday, according to Refinitiv data. Of the 11 major sectors of the S&P 500, all but consumer discretionary stocks (.SPLRCD), weighed down by Amazon shares, ended the session green. Third-quarter reporting season has passed the halfway point, with 263 of the companies in the S&P 500 having reported. The S&P 500 posted 32 new 52-week highs and eight new lows; the Nasdaq Composite recorded 117 new highs and 115 new lows. Volume on U.S. exchanges was 11.26 billion shares, compared with the 11.53 billion average over the last 20 trading days.

☆ What Cramer is watching Friday — Amazon drop overdone, Apple's outlier quarter, Big Oil profits
▼ + stars: | 2022-10-28 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Shares of the Club holding down 13% in premarket. Apple's quarter was better than expected , an outlier in an otherwise brutal week for Big Tech earnings. Club holding AbbVie (ABBV) solid number, more of the same. Club holding Pioneer Natural Resources (PXD) slightly misses on EPS of $7.48. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ T-Mobile raises 2022 forecast for wireless subscriber additions again
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +1 min

Oct 27 (Reuters) - T-Mobile US Inc (TMUS.O) on Thursday raised its annual forecast for monthly bill-paying wireless subscriber additions for the third time this year, after beating estimates for quarterly additions as inflation-weary people lapped up its affordable plans. The telecoms giant has been offering discounts on smartphones and plans at industry-low prices to attract subscribers and stave off competition. T-Mobile added 854,000 monthly bill-paying phone subscribers in the third quarter, far higher than FactSet estimates of 724,800. In comparison, AT&T added 708,000 wireless subscribers in the third quarter, while Verizon, the largest U.S. carrier by subscribers, only added 8,000 customers in the same period due to its price hikes. T-Mobile expects to add between 6.2 million and 6.4 million net monthly-bill paying subscribers in 2022, up from a prior forecast of 6 million to 6.3 million.

It reported 15 million paid subscribers for its Peacock streaming service, up from 13 million in the previous quarter. Total company revenue fell 1.5% to $29.85 billion in the quarter, compared with estimates of $29.65 billion, according to Refinitiv data. Net loss attributable to Comcast was $4.6 billion, or $1.05 per share, compared with a profit of $4.04 billion, or 86 cents per share, a year earlier. The net loss was partly due to an $8.6 billion goodwill impairment charge in its UK pay-TV company, Sky. NBCUniversal's theme parks division generated $2.06 billion in revenue, versus $1.45 billion a year ago.

Kagan issued an order effectively putting the litigation on hold and preventing enforcement of the subpoena pending a further order by her or the full court. Kagan is the justice designated to handle emergency appeals from a group of states including Arizona. The panel sought the records as part of its investigation into events surrounding the deadly Jan. 6, 2021, assault on the Capitol by Trump supporters who sought to block Congress from certifying his election loss to Democrat Joe Biden. Trump, who is considering another run for the presidency in 2024, has accused the panel of waging unfair political attacks on him. The panel had already been in the process of seeking records concerning Ward, who the panel said participated in multiple aspects of the attempts to interfere with the electoral count.

☆ The economy may be in better shape than you think...for now
▼ + stars: | 2022-10-23 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

The consensus forecast from economists surveyed by Reuters is that GDP grew at an annualized pace of 2.1% in the third quarter. (This will be the first estimate for third-quarter GDP, and there will be several revisions in the coming weeks.) That also means the Fed will likely continue to sharply raise interest rates to finally choke off inflation once and for all. Those rate hikes helped cause a so-called double-dip recession, where the economy suffered two downturns between 1980 and 1982. In other words, the much-hoped-for “soft landing” for the economy could turn out to be a pipe dream.

☆ Verizon profit drops 23% as pricier plans result in subscriber loss
▼ + stars: | 2022-10-21 | by ( Eva Mathews | ) www.reuters.com time to read: +2 min

Oct 21 (Reuters) - Verizon Communications Inc (VZ.N) posted a 23% slide in third-quarter profit and missed market estimates for wireless subscriber additions on Friday, as several customers opted for cheaper plans from rivals AT&T Inc (T.N) and T-Mobile US Inc (TMUS.O). Verizon lost 189,000 monthly bill-paying phone subscribers in its consumer business in the quarter after the U.S. carrier raised prices for its plans in June through additional charges, which was over and above its already pricier plans. Register now for FREE unlimited access to Reuters.com RegisterVerizon added 8,000 net new monthly bill paying wireless phone subscribers in the quarter, well below Factset estimates of 35,400 additions. Telecom players are coming under increasing pressure to keep their plans affordable as rising cost of living crimps discretionary spending by customers. Total revenue, however, rose 4% to $34.2 billion, above expectations of $33.78 billion, according to Refinitiv data.

☆ Earnings are off to a surprisingly decent start. Next week is the big test for tech
▼ + stars: | 2022-10-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

Stocks rallied this week as earnings season ramped up and is so far off to a better-than-expected start. With 20% of the S & P 500 having reported financials so far, sales results have thus far been 1.4% above expectations while earnings results are 5.4% above expectations, in aggregate. That inverse correlation between bond yields and stocks was powerful enough to trump positive earnings reports. Looking back On the earnings front, we got results from Johnson & Johnson (JNJ), Procter & Gamble (PG), and Danaher (DHR). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Dish Network chairman-backed SPAC in talks to buy wireless business unit
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

Oct 12 (Reuters) - Blank-check firm CONX Corp (CONX.O), backed by Dish Network Corp (DISH.O) Chairman Charles Ergen, said on Wednesday it has begun preliminary discussions to acquire Dish's retail wireless unit, Boost Mobile. Dish confirmed that it was in preliminary talks with CONX. Dish acquired Boost Mobile in 2020 as part of the T-Mobile (TMUS.O) and Sprint merger after the companies agreed to divest some assets including some wireless spectrum to create a new wireless competitor. read moreCONX also asked its stockholders to vote in favor of a proposal to extend the date by which it must complete a business combination with Boost Mobile from Nov. 3, 2022 to June 3, 2023. A special meeting of its stockholders will be held on Oct. 31, it added.

☆ How to invest in communications stocks, a sector that's huge, highly diversified, and growing — offering something for almost every type of investor
▼ + stars: | 2022-09-21 | by ( Amy Fontinelle | Read More | Read Less | ) www.businessinsider.com time to read: +12 min

Here's what you should know about how to invest in communications stocks, what the risks are, and what rewards you might anticipate. Companies in the media, entertainment, interactive gaming, information creation, and information distribution businesses also belong to the communications sector. Basically, it expanded the existing telecommunications sector to become a broader communications services sector. The advantages of communications stocksThere are a variety of reasons for investors to consider communications companies. And the COVID-19 lifestyle shifts might make us permanently more reliant on communications companies, even once the pandemic is behind us.

☆ What Cramer is watching Thursday — rail strike avoided, deluge of Club stock news, Putin-Xi meeting
▼ + stars: | 2022-09-15 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Humana (HUM) investor update meeting Thursday: much better than expected price targets: Full-year earnings per share $23.08, up from $20.30. Club holding Starbucks (SBUX): Deutsche Bank and Morgan Stanley raise price targets. Mizuho cuts price targets for Club holdings Nvidia (NVDA) and Advanced Micro Devices (AMD), because of a pending hypercomputing slowdown. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. A pay dispute between rail workers and unions threatens a nationwide freight rail strike as early as September 16, 2022.

☆ T-Mobile US transmits clear signal to investors
▼ + stars: | 2022-09-09 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Sept 9 (Reuters Breakingviews) - T-Mobile US (TMUS.O) is sending a clear signal about the benefits of being bigger. The $182 billion company announced a $14 billion share buyback program on Thursday, reflecting the fact that both profit and subscriber numbers are rising. Fears that mobile prices would rise when T-Mobile acquired SoftBank’s Sprint have not materialized, allaying at least one of the potential objections to the merger. Last quarter, it raised its forecast for additional subscribers for this year to as high as 6.3 million from a previous high of 5.8 million. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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