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Viking Therapeutics : "I say you need to be in Eli Lilly. Step your game up, partner." AstraZeneca : "This is an amazing team that they've got at AstraZeneca now, and they've got fantastic formulations in oncology, but also heart. And they have a GLP-1 kind of thing going on, but it's a little far removed...You've got a winner with AstraZeneca."
Persons: Eli Lilly, they've, You've Organizations: Viking Therapeutics, AstraZeneca
“Art is one of our oldest creations (humans invented paint long before the wheel), one of the earliest means of communication (we drew long, long, long, long before we could write), and one of our most universal urges,” she wrote. But when you watch artists making art, it is a physical experience. Different art forms affect the brain and body in different ways. Just as when we are prescribed medications, (it’s true that) types, doses and durations of art work differently for different people. And just one art experience per month can extend your life by 10 years.
Persons: Susan Magsamen, , Ivy Ross, Bianca Bosker, , Marco Brambilla’s, Leon Neal, Rothko, , Cy, Benjamin Krantz, Bianca, Jessica DuLong Organizations: CNN, Research, Getty, Physicians, Viking CNN Locations: London, Houston, Brooklyn , New York
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: You don't want to be in Hawaiian Electric, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Viking Therapeutics, H.B. Fuller, AstraZeneca, and Hawaiian Electric.
Persons: Jim Cramer, Fuller Organizations: Viking Therapeutics, AstraZeneca, Electric
UBS upgrades Globant to buy from neutral UBS said it sees "demand stabilization" for the IT and software development company. Wedbush upgrades Airbnb to outperform from neutral Wedbush said investors should buy the dip in shares of Airbnb. Morgan Stanley reiterates CrowdStrike as a top pick Morgan Stanley raised its price target on the stock to $422 per share from $372. Morgan Stanley reiterates Microsoft and Meta as overweight Morgan Stanley said in its analysis of large-cap institutional ownership that Microsoft is most under-owned and Meta the most over-owned. " Morgan Stanley reiterates Amazon as overweight Morgan Stanley said the e-commerce giant has a "widening" competitive advantage. "
Persons: Melius, Truist, Mizuho, Hannifin, it's, Futu, Steve Steinour, Zach Wasserman, Huntington, NCLH, Wells, Morgan Stanley, CrowdStrike, Dell, John Donovan, JMP, Guggenheim Organizations: Nvidia, Parker, Mizuho, Argus, UBS, JPMorgan, NASDAQ, 38ppt, " Bank of America, Bank of America, RBC, Netflix, &, Deutsche Bank, Deutsche, Citi, DuPont, Department of Justice, TAM, Guggenheim, Microsoft, Meta, Apple Locations: Asia, Airbnb, ZS, China
GameStop — Shares surged nearly 27% following the company's announcement Friday that it had made around $933.4 million from a stock sale. Norwegian Cruise Line Holding — The cruise stock rose 3% following an upgrade to buy from neutral at Mizuho. Bank of America initiated coverage of Viking with a buy rating, citing its "singular brand and clear niche." UBS also gave it a buy rating, saying it's a "pure play in luxury travel." Airbnb — Shares of the short-term rental company added 1.5% following an upgrade by Wedbush to outperform.
Persons: DuPont's, Andrew Boone, Duolingo Max, Boone, Huntington Bancshares, Jesse Pound, Sarah Min, Michelle Fox Organizations: GameStop, Nvidia, Cruise, Mizuho, Street, New York Stock Exchange, Bank of America, UBS, JPMorgan, DuPont —, Citi, U.S, Cellular, Mobile
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. "They don't want kids, and they don't want gambling," and that's the appeal of Viking, Cramer said. Airbnb : Shares of the short-term rental company were upgraded to a buy-equivalent outperform rating at Wedbush. Huntington Bancshares : The regional bank stock was upgraded to a buy-equivalent overweight rating at JPMorgan. Cramer said Texas Instruments didn't make the right moves with customers and shareholders and that's why Elliott moved in.
Persons: Jim Cramer's, Mike Sievert, Jim Cramer, initiations, Viking, Cramer, Huntington, Elliott Organizations: CNBC, Club, U.S . Cellular, Mobile, U.S, Cellular, Viking Holdings, JPMorgan, Texas, Elliott Management
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTuesday's rapid-fire: T-Mobile, Viking, Airbnb, Huntington, Texas InstrumentsJim Cramer looks at stocks in the news outside the CNBC Investing Club porfolio.
Persons: Jim Cramer Organizations: CNBC Locations: Airbnb, Huntington , Texas
He added, "Wells Fargo could fetch a higher multiple in the market as a result." A Wells Fargo spokesperson declined to comment on the total number of CIB-related hires across all levels in the division. Wells Fargo and other banks have benefited in recent years as the Federal Reserve began hiking interest rates in March 2022. More recent data indicates that Wells Fargo's investment banking revenue share globally has jumped to No. A woman walks past Wells Fargo bank in New York City, U.S., March 17, 2020.
Persons: Wells, Wells Fargo, JPMorgan Chase, Jeff Marks, Charlie Scharf, Scharf, Doug Braunstein, Braunstein, Fernando Rivas, Rivas, Jonathan Weiss, Weiss, Piper Sandler, Wells Fargo's Scharf, NII, Kroger, Scharf's, Scott Siefers, Siefers, Jim Cramer's, Jim Cramer, Jim Organizations: Wall, CNBC, JPMorgan, CIB, Wells, North American Investment Banking, Barclays, Deutsche Bank, Suisse —, Management, Federal Reserve, Fed, Albertson's, Federal Trade Commission, Currency Locations: Wells Fargo, Americas, U.S, IPOs, Wells, New York City
Hedge funds took a diversified approach to technology investing in the first quarter as the sector built on its 2024 rally. Both Appaloosa and Coatue trimmed stakes in Nvidia during the period, with the latter shrinking his stake by 68% to $1.25 billion. Stanley Druckenmiller told CNBC last month that he cut his Nvidia stake in late March and called AI a "little overhyped" in the short run. Apple caught renewed attention from Viking Global and cuts from Coatue and Warren Buffett's Berkshire Hathaway. Coatue, Third Point, Viking Global and Tiger Global upped their Amazon stakes, while Appaloosa and D1 Capital trimmed their holdings.
Persons: Michael Burry, Ole Andreas Halvorsen zeroed, David Tepper's, Chase, Seth Klarman's Baupost, Dan Sundheim's, Phillippe Laffont's Coatue, Dan Loeb's, Halvorsen, Tepper, Sundheim, Laffont, Brad Gerstner, Stanley Druckenmiller, Warren Buffett's Berkshire, Coatue Organizations: Technology, Nasdaq, Nvidia, Meta, Capital, Microsoft, Street's, CNBC, Apple, Viking Global, Warren Buffett's Berkshire Hathaway, Tiger Global Locations: Coatue, Warren
Eli Lilly dips: Shares of Eli Lilly are sitting out the rally on news that Swiss pharmaceutical firm Roche 's experimental obesity drug demonstrated promise in a Phase 1 study. "Doug McMillon, the CEO of Walmart, made the point repeatedly that the company's success this quarter came from lower prices," Jim Cramer said. 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, Eli Lilly, Roche, It's, inflect, We're, Doug McMillon, Estee Lauder, Jim, Jim Cramer's Organizations: CNBC, Viking Therapeutics, Club, Deere, Walgreens Boots, Walmart, Costco, Materials, Jim Cramer's Charitable Locations: Swiss, Amgen, China
Viking Global shifts Big Tech holdings in first quarter
  + stars: | 2024-05-15 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Ole Andreas Halvorsen's Viking Global appeared to relocate money within megacap technology in the first quarter. Viking Global zeroed out a position of nearly 3.3 million shares in Alphabet during the first three months of 2024, regulatory fillings show. It's nearly 1.6 million shares at a total value of more than $670 million. With that increase, Viking Global holds more than 1.9 million shares, or more than $1.2 billion. Outside of tech, Viking Global began holding Clorox , Dollar Tree , Skechers and Las Vegas Sands during the period.
Persons: Ole Andreas Halvorsen's, Halvorsen, Julian Robertson Organizations: Big Tech, Viking, Microsoft, Tiger Management, Viking Global, Las Vegas Sands, U.S . Bancorp, MetLife, Deere Locations: Ole Andreas Halvorsen's Viking, Viking, Apple, Las, U.S, Stryker
Millennium, Brevan Howard, Schonfeld, and ExodusPoint are just a few of the funds that have put roots down in either Abu Dhabi or Dubai. Meanwhile, Bridgewater's Ray Dalio bought a penthouse in Abu Dhabi as he compliments the country's policies. When one US-based hedge fund fundraiser met with Abu Dhabi officials late last year, he didn't expect much to come of it. He lauded everything from the Louvre outpost in Abu Dhabi to the warm weather to the responsiveness from government officials. A Bloomberg story on Abu Dhabi notes that it's fast-tracking country-club admissions for new wealthy immigrants.
Persons: , Brevan Howard, Schonfeld, Bridgewater's Ray Dalio, Austen Smart, Tighe, Smart, Alan Howard, Greg Coffey, Danny Yong, hoover, Doug Greenig, Morgan, Point72, Steve Cohen, Viking Global's Andreas Halvorsen, keynotes, Howard, Abu Dhabi, Craig Bergstrom, Bobby Jain's, Florin Court's Greenig, Abu, Floring Organizations: Service, United Arab Emirates, titans, Business, Tighe International, Florin Court Capital, Morgan Stanley's, Dubai Financial Services Authority, Abu, Abu Dhabi Investment Authority, Mubadala Investment Company, Corbin Capital, Abu Dhabi Global, Hong Kong, pats, Bloomberg Locations: Dubai, Abu Dhabi, London, New York, Mumbai, UAE, Asia, Switzerland, It's, Gaza, Iran, Palm, Europe, Cayman Islands, Jersey, Miami, San Franciso, Riyadh, Saudi
The C.E.O.s Who Just Won’t Quit
  + stars: | 2024-05-09 | by ( Emma Goldberg | ) www.nytimes.com   time to read: +1 min
Even so, there are few scenarios in which a middle-aged corporate executive can be treated like an aging rock star by thousands of fawning employees. Around the time Ballmer announced his plans to go, the company’s stock price was lower than when he started the job. The media was bemoaning Microsoft’s “lost decade.” While its tech rivals had seized on new markets, Microsoft had changed fairly little. Apple dominated smartphones, Google prevailed in search and giants like Facebook — which didn’t even exist when Ballmer took the reins — stood atop a whole new sector of the economy. With the arrival of Ballmer’s successor, Satya Nadella, Microsoft’s stock price soared.
Persons: Ballmer, , I’ve, Bill Gates, Microsoft’s “, , Satya Nadella Organizations: Microsoft, Apple, Google, Facebook
Amgen is among the leaders of a pack of drugmakers racing to join the market with their own weight loss treatments. Amgen's drug, MariTide, is taken less frequently than Novo Nordisk's Wegovy and Eli Lilly's Zepbound, and may cause longer-lasting weight loss than the market leaders' injections. Novo Nordisk and Eli Lilly are also working on new weight loss drugs. The competition for a slice of the weight loss market has only grown more fierce in recent months. An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City, U.S., December 11, 2023.
Persons: NOVO.B, Scott Olson, Eli Lilly, Nordisk's Wegovy, Eli Lilly's Zepbound, Amgen, William Blair, Matt Phipps, Bob Bradley, Boehringer Ingelheim, Phipps, Zepbound, Chris Schott, MariTide, Mario Tama, he's, Eli Lilly drugs, CagriSema, Eli Lilly’s, Brendan McDermid, Boehringer, Ingelheim, survodutide, Pascal Soriot, Christopher Furlong, dealmaking, David Denton Organizations: New, Halstead Pharmacy, Getty, Novo Nordisk, Nordisk's, William Blair & Company, CNBC, Therapeutics, AstraZeneca, Zealand Pharma, MariTide, Reuters, GLP, Pfizer, Eccogene Locations: Chicago , Illinois, Novo, Amgen, Thousand Oaks , California, New York City, U.S, Zealand, Macclesfield
CNBC's Jim Cramer on Thursday reviewed the IPO of Viking , a cruise line whose market debut this week was the biggest of the year so far. And despite its hefty price tag, Cramer said he's willing to pay up for the stock. Viking stands apart from much of the competition — its ships don't have casinos, children aren't allowed, and it specifically targets a wealthy consumer. He conceded that Viking doesn't have a perfect balance sheet, but neither do the other publicly-traded cruise lines. But to Cramer, Viking deserves a premium.
Persons: CNBC's Jim Cramer, Cramer, he's, aren't, it's, Cramer , Viking, Viking's, Viking Organizations: Viking Locations: Iceland, Egypt
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailViking is a good option in an industry without many major players, says Jim Cramer'Mad Money' host Jim Cramer takes a closer look at the biggest IPO of the year Viking Holdings.
Persons: Jim Cramer Organizations: Viking Holdings
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuy a small position in Viking here, even after a strong debut, says Jim Cramer'Mad Money' host Jim Cramer takes a closer look at the biggest IPO of the year Viking Holdings.
Persons: Jim Cramer Organizations: Viking Holdings Locations: Viking
Viking CEO: We are very different from big cruise lines
  + stars: | 2024-05-01 | 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 EmailViking CEO: We are very different from big cruise linesTorstein Hagen, Viking CEO, joins 'Squawk on the Street' to discuss why Hagen founded the company, whether the strategy of similar cruise ships will work over time, and the company's target demographic.
Persons: Torstein, Hagen Locations: Torstein Hagen, Viking
Watch CNBC's full interview with Viking CEO Torstein Hagen
  + stars: | 2024-05-01 | 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 EmailWatch CNBC's full interview with Viking CEO Torstein HagenTorstein Hagen, Viking CEO, joins 'Squawk on the Street' to discuss why Hagen founded the company, whether the strategy of similar cruise ships will work over time, and the company's target demographic.
Persons: Torstein Hagen Torstein Hagen, Hagen Organizations: Viking Locations: Viking
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. Before last week's strong quarter, CNBC learned that Alphabet's Google had laid off hundreds of employees from so-called core teams. 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, Jerome Powell, Powell, It's, Morgan Stanley, DuPont, Jim, Laxman Narasimhan's, Estee Lauder, Stanley Black, Decker, Bernstein, Toni Sacconaghi, Apple, Sacconaghi, Jim Cramer's Organizations: CNBC, Federal Reserve, Dow, Nasdaq, Google, West Texas, Coterra, Cruise, Viking Holdings, Investment, Morgan, GE Healthcare, Nvidia, Big Tech, Linde, Bausch Health, Apple, Jim Cramer's Charitable Locations: India, Mexico, Gaza, WTI, Wall, China
The Viking Holdings Ltd. IPO, which starts trading today on the New York Stock Exchange, will be the biggest IPO of 2024 so far. Viking is only the biggest in a month of standouts. Eighteen IPOs raised a combined $5.3 billion in April, according to Renaissance Capital, the busiest month for IPOs since November 2021. The stock market had a miserable April, with the S & P 500 down 4% and, unsurprisingly, many recent IPOs were down. All of the larger, most recent IPOs remain above their initial offering price.
Persons: Del Organizations: Viking Holdings, New York Stock Exchange, Renaissance Capital, IPOs, Viking, Holdings, Epic Locations: Bermuda, Del Monte
Aerial view of the Viking Jupiter cruise ship anchored in the port of Montevideo, on January 5, 2022. Viking is not your typical cruise operator. In fact, the cruise line doesn't hide the fact that it is going after the high-income baby boomer. The luxury cruise line was targeting a $10.4 billion valuation in its initial public offering on the New York Stock Exchange on Wednesday, making it the third-largest cruise operator after Royal Caribbean and Carnival . Norwegian Cruise Line is the fourth largest.
Persons: Torstein Hagen Organizations: Viking Holdings, Viking, CNBC, New York Stock Exchange, Royal, Cruise Locations: Montevideo
Last night data security firm Rubrik priced 23.5 million shares at $32, above the price talk of 23 million shares at $28-$31, raising $752 million. Rubrik is the first tech unicorn IPO since last fall. Marex Group, a UK-based financial services company known for its global clearing business, priced 15.4 million shares at $19, the midpoint of the price talk of $18-$21, raising $292 million. Loar Holdings, which makes aerospace and defense components, priced 11 million shares at $28, above the range of $24-$26, raising $308 million. All eyes on Rubrik Rubrik is an important test of the tech IPO market.
Persons: Matt Kennedy, Rubrik, Kennedy, Ingram, Del Organizations: Marex, Nasdaq, Loar Holdings, New York Stock Exchange, Viking Holdings, Arm Holdings, Renaissance Capital, UL, Astera Labs, Forge, Companies, Ingram Micro, Epic Locations: Del Monte
The Nasdaq sank 2% on Friday as Netflix dropped nearly 11% post-earnings and Club stock Nvidia fell 10%, entering bear market territory but still up more than 50% in 2024. Following a much stronger-than-expected March retail sales report last month, fresh economic data and six Club stock earnings will take center stage in the week ahead. While lower rates may help stock multiples, that is not a sustainable path to higher equity prices over time. Earnings : The latest quarterly reporting season is starting to ramp into high gear with six Club names set to report next week. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Dow, Jerome Powell, Jim Cramer, Mark, Meta, Bing, Ford, Vimal, Lockheed Martin, Clark, Philip Morris, Sherwin, Williams, Baker Hughes, Lam, Northrop, Dr Pepper, CARR, Edwards Lifesciences, Jim Cramer's, Jim, Michael M Organizations: Nasdaq, Netflix, Nvidia, Dow Jones, Federal, Fed, Hamas, Gross, Google, Reality Labs, General Motors, Honeywell, Microsoft, Verizon Communications, Albertsons Companies, SAP, Cadence Design Systems, United Parcel Service, General Electric, GE, PepsiCo, Lockheed, Spotify Technology, RTX Corporation, JetBlue Airways, Halliburton, HAL, Philip Morris International, Quest Diagnostics, Texas Instruments, Seagate Technology, Mattel, Veralto Corporation, Boeing, General Dynamics, Boston, Hilton, Fisher, Otis Worldwide, IBM, Grill, Viking Therapeutics, Lam Research, Whirlpool, WM, Honeywell International, Royal Caribbean Cruises, American Airlines, Altria, Newmont, Caterpillar, Southwest Airlines, Myers Squibb, AstraZeneca, Mobileye, Northrop Grumman, CNBC, Comcast, Merck, Dow Inc, Carrier Global, Union Pacific, Intel, Western, Mobile, L3Harris Technologies, Exxon Mobil, Chevron, Colgate, Palmolive, HCA Healthcare, Charter Communications, Newell Brands, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: Israel, Iran, Ukraine, destocking, China, Cleveland, Freeport, McMoRan, Kimberly, Masco, Bristol, New York City
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCompared to some of its Tiger Cub peers, $48 billion Viking Global's highs and lows have been more muted. This story is available exclusively to Business Insider subscribers. "If the stock went up 25% tomorrow, we would probably sell it absent any other fundamental change in the business." AdvertisementThe firm's flagship long-short fund was up 5.8% in the first quarter, a person close to the firm told Business Insider, and its long-only fund returned 10.1%.
Persons: , Justin Walsh, Walsh, Hermes Organizations: Service, Tiger Cub, Tiger, Business, Harvard Business School Investment, Citadel, Business Insider, Cartier Locations: Stamford, Swiss
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