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☆ Top 10 things the Club is watching in the stock market Thursday: PPI hot, stocks drop, Cisco pops
  + stars: | 2023-02-16 | by ( Jeff Marks | ) www.cnbc.com   time to read: +4 min
The PPI data comes two days after a slightly hotter-than-expected consumer price index for last month. Cloud communications platform Twilio (TWLO) finally makes the pivot to emphasize profitability and the stock gets rewarded ... up 9% early Thursday. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
☆ Cisco's stellar quarter and guidance raise is overshadowed by investor concerns about its backlog
  + stars: | 2023-02-15 | by ( Jeff Marks | ) www.cnbc.com   time to read: +8 min
Bottom line Cisco unveiled a stellar fiscal second quarter after the closing bell on Wednesday, and its ability to dramatically raise guidance came as a surprise to most investors. Cisco's software sales increased by 10% on an annual basis in its fiscal second quarter, while software-subscription revenue grew by 15%. But analysts and investors remain uncertain about the health of the company's orders once that backlog dries up. Much of that software revenue is ratable, meaning revenue is spread out over a long period and not recognized immediately. Guidance Cisco's quarter may have been better than what the Street expected, but where it really shined was guidance.
☆ Cisco forecast raise allays tech spending fears, lifts shares
  + stars: | 2023-02-15 | by ( Yuvraj Malik | ) www.reuters.com   time to read: +2 min
Feb 15 (Reuters) - Cisco Systems Inc (CSCO.O) on Wednesday raised its full-year earnings forecast and delivered strong second-quarter results, indicating that spending on network infrastructure was staying resilient in the face of an economic slowdown. For fiscal 2023, Cisco said it expects revenue growth of 9% to 10.5%, and adjusted per share earnings between $3.73 to $3.78. It had previously forecast revenue growth of 4.5% to 6.5% and earnings per share of $3.51 to $3.58. Its second-quarter adjusted earnings of 88 cents per share and revenue of $13.59 billion were both higher than market estimates pooled by Refinitiv. "This is very strong growth and shows that the company may finally be exiting a difficult period related to supply-chain challenges," said Scott Raynovich, chief analyst at Futuriom.
☆ Cisco raises full-year forecast on strong demand, easing supply hurdles
  + stars: | 2023-02-15 | by ( ) www.reuters.com   time to read: +1 min
Feb 15 (Reuters) - Cisco Systems Inc (CSCO.O) raised its forecast for full-year revenue growth and adjusted profit on Wednesday, banking on its ability to push backlog orders and rapid adoption of 5G technology to keep demand upbeat, sending the company's shares up 10%. For fiscal 2023, Cisco said it expects revenue growth of 9% to 10.5%, and adjusted per share earnings between $3.73 to $3.78. It had previously forecast revenue growth of 4.5% to 6.5% and earnings per share of $3.51 to $3.58. The raise in outlook comes on the back of growth in recurring revenue, improvement in supply chain and future estimated revenue, Chief Financial Officer Scott Herren said in a statement. Reporting by Yuvraj Malik in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
☆ Investors need to embrace these stocks that we love
  + stars: | 2023-02-12 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +8 min
I’ve typically done this stock picking feature in early to mid February as a Stocks We Love type of story, pegging it to Valentine’s Day. The restaurant stocks in particular could do well. Inflation is obviously still a concern for big consumer brands. Consumer prices rose 6.5% over the past 12 months through December, down from a 7.1% pace in November. Up nextMonday: Earnings from TreeHouse Foods (THS), Avis Budget (CAR), FirstEnergy (FE), IAC (IAC) and PalantirTuesday: US CPI; Japan GDP; UK employment report; earnings from Coca-Cola, Asahi Group, Marriott (MAR).
☆ Key inflation data in the week ahead will offer clues to future Fed rate moves and the market's path
  + stars: | 2023-02-11 | by ( Zev Fima | ) www.cnbc.com   time to read: +8 min
Looking forward The January consumer price index (CPI) , which calculates the average change over time in prices that shoppers pay for goods and services, is slated for Tuesday. Economists and investors will use the number to gauge the odds of a soft landing or hard landing for the economy. The producer price index (PPI) for January, which calculates the change in selling prices received by producers of goods and services, is out on Thursday. 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 Final Call: Oil, nat gas, XRT & CSCO
  + stars: | 2023-02-10 | 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 EmailThe Final Call: Oil, nat gas, XRT & CSCOThe traders make their final trades of the week. With CNBC's Melissa Lee and the Options Action traders, Carter Worth, Mike Khouw and Jeff Mills.
☆ Jim Cramer's Investing Club meeting Wednesday: Industrials, tech, energy
  + stars: | 2023-02-08 | by ( Krystal Hur | ) www.cnbc.com   time to read: +2 min
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Giving Emerson Electric one last chance Monitoring Cisco Systems Buying more Coterra Energy 1. Monitoring Cisco Systems Evercore ISI on Wednesday added Cisco Systems (CSCO) to its tactical outperform (buy) list. 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 .
☆ Here are Wednesday's biggest analyst calls: Tesla, Apple, Target, Walmart, Microsoft, Roku & more
  + stars: | 2023-02-08 | by ( Michael Bloom | ) www.cnbc.com   time to read: +7 min
Here are Wednesday's biggest calls on Wall Street: CFRA downgrades Roku to sell from hold CFRA said it sees "challenging fundamentals" for Roku . Piper Sandler reiterates Target as overweight Piper said Target is a key beneficiary of Bed Bath & Beyond struggles. Bank of America reiterates Chipotle as buy Bank of America said it sees more earnings per share upside after the company's earnings report on Tuesday. Bank of America reiterates Domino's as buy Bank of America said it's bullish on Domino's launch of loaded tater tots. Bank of America reiterates Microsoft as buy Bank of America said it's bullish long-term on Microsoft's venture into AI.
☆ Factbox: Tech firms, Wall Street titans lead job cuts in corporate America
  + stars: | 2023-02-08 | by ( ) www.reuters.com   time to read: +8 min
REUTERS/Lucy Nicholson/File PhotoFeb 8 (Reuters) - Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out a global economic downturn. Here are some of the job cuts by major American companies announced in recent weeks. TECHNOLOGY, MEDIA AND TELECOM SECTORIBM Corp (IBM.N):The software and consulting firm said it will lay off 3,900 employees. read moreMicrosoft Corp (MSFT.O):The U.S. tech giant said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. MANUFACTURING SECTOR3M Co (MMM.N):The industrial conglomerate said it would cut 2,500 manufacturing jobs after reporting a lower profit.
☆ We're trimming a tech heavyweight to buy more of these two high-quality stocks
  + stars: | 2023-02-07 | by ( Jeff Marks | ) www.cnbc.com   time to read: +3 min
Companies everywhere are trimming IT budgets to save on costs and that limits Cisco's ability to get the new orders. We are taking a little more than half of those CSCO dollars and buying some Eli Lilly . 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
☆ Jim Cramer's Investing Club meeting Monday: Fed speech, Caterpillar, Cisco
  + stars: | 2023-02-06 | by ( Krystal Hur | ) www.cnbc.com   time to read: +2 min
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. (Jim Cramer's Charitable Trust is long CAT, CSCO, QCOM. 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.
☆ Here’s our February rapid-fire update on all 34 stocks in Jim Cramer’s Investing Club portfolio
  + stars: | 2023-02-05 | by ( Matthew J. Belvedere | ) www.cnbc.com   time to read: +12 min
Here's a rapid-fire update on all 34 stocks in Jim Cramer's Charitable Trust, the holdings we manage in the CNBC Investing Club. J & J is a good stock to get into ahead of the impending split into two companies: consumer brands and pharma/medical technology. The company reported a good quarter and guidance, while fundamentals are solid ahead of the split. 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.
☆ Looking beyond FAANG: Here's how the Club portfolio lines up with the Dow's workhorse stocks
  + stars: | 2023-01-31 | by ( Jeff Marks | ) www.cnbc.com   time to read: +10 min
Think most of the stocks in the Dow Jones Industrial Average or the kind of stocks Warren Buffett loves to own for Berkshire Hathaway ." But in the near term, we still favor stocks of companies that are the backbone of the real economy. Dow Inc (DOW): The materials company we own in the portfolio is industrial gas giant Linde (LIN). 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.
☆ Yellen lauds Ford's 100-year history in South Africa, flags more investments
  + stars: | 2023-01-26 | by ( Andrea Shalal | ) www.reuters.com   time to read: +3 min
REUTERS/Siphiwe SibekoSILVERTON, South Africa, Jan 26 (Reuters) - U.S. Treasury Secretary Janet Yellen on Thursday lauded the Ford Motor Co's 100-year history of assembling vehicles in South Africa and underscored Washington's resolve to expand trade ties with countries that it "can count on," including South Africa. About 600 U.S. companies operate in South Africa, employing about 220,000 people and generating revenue equivalent to about 10% of South Africa's entire gross domestic product, U.S. Ambassador to South Africa Reuben Brigety said at the event. As in her comments to South Africa's finance minister earlier on Thursday, Yellen did not address South Africa's refusal to take sides over Russia's war in Ukraine or Washington's concern over military exercises it plans with China and Russia. That includes our many trusted trading partners on this continent — like South Africa."
☆ Microsoft’s revenue sniffles are tech’s flu
  + stars: | 2023-01-24 | by ( Robert Cyran | ) www.reuters.com   time to read: +3 min
NEW YORK, Jan 24 (Reuters Breakingviews) - Microsoft’s (MSFT.O) revenue growth rarely falters. Microsoft’s revenue from computer manufacturers for installing the Windows operating system fell 39%. And companies looking to cut costs will delay, or kill, IT projects, which will hit even Microsoft’s fastest-growing units. Microsoft’s revenue sniffles, however, probably signal bigger problems for tech firms that sell less essential goods to consumers and firms. Follow @rob_cyran on TwitterloadingCONTEXT NEWSMicrosoft said on Jan. 24 that revenue for the quarter ending Dec. 31 was $52.7 billion.
☆ Breakingviews: Layoffs take Big Tech back to more modest future
  + stars: | 2023-01-20 | by ( Robert Cyran | ) www.reuters.com   time to read: +3 min
NEW YORK, Jan 20 (Reuters Breakingviews) - Alphabet’s (GOOGL.O) plan to cut 12,000 jobs adds to the sense that U.S. technology firms are preparing for a more modest future. Tech firms based in the United States announced over 97,000 job cuts in 2022 according to consulting firm Challenger, Gray and Christmas, the most since the dot-com crash. Moreover, new job postings fell sharply at the end of 2022, according to trade group CompTIA. If all tech firms did the same, that would leave employment at 4.2 million, or about 5% larger than it was at the end of 2019. loadingCONTEXT NEWSAlphabet plans to eliminate about 12,000 jobs, according to a memo seen by Reuters on Jan. 20.
☆ Here's our January rapid-fire update on all 34 stocks in Cramer’s Charitable trust portfolio
  + stars: | 2023-01-19 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +11 min
Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. As much as we'd like to maintain a bigger position in this roughly $472 stock, we're refraining from violating our cost basis of $291.52. ( See here for a full list of the stocks in Jim Cramer's Charitable Trust portfolio.) 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.
☆ We welcome Cisco CEO's upbeat view on the economy, but remain cautious on future order growth
  + stars: | 2023-01-18 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +5 min
But it's still unclear whether new order growth will slow down the line, once those previously booked orders are fulfilled. 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. Chuck Robbins, CEO & Chairman of Cisco, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 18th, 2023.
☆ Jim Cramer's top 10 things to watch in the market Tuesday: Morgan Stanley beat, Goldman Sachs miss, Estee Lauder boost
  + stars: | 2023-01-17 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
Piper Sandler raises price target on Club stock Cisco Systems (CSCO) to $49 per share from $47; keeps neutral rating. Wells Fargo has an overweight (buy) rating and a $125-per-share price target. Wells Fargo downgrades Pfizer (PFE) to equal weight from overweight (hold from buy), with a $4-per-share price target cut to $50. Bank of America lowers price target on TSLA shares to $130 each from $135. Jefferies is concerned, too; catch-up price target cut to $180 from $350.
☆ The Davos party returns, with the shakes
  + stars: | 2023-01-16 | by ( Lauren Silva Laughlin | ) www.reuters.com   time to read: +4 min
DAVOS, Switzerland, Jan 16 (Reuters Breakingviews) - There’s a hangover happening in Davos even though the party hasn’t yet started. The World Economic Forum’s annual winter shindig in the Swiss mountain resort, which kicks off on Monday, marks a return for glitzy parties and high-minded debates following a three-year hiatus. A record number of business leaders are set to make the trip, and the passage of commercial, private and government aircraft through Zurich’s airport suggests overall attendees are at pre-Covid-19 levels. The global pandemic and Russia’s invasion of Ukraine have added more friction to the already creaking globalised world that Davos epitomised. Follow @thereallsl on TwitterloadingCONTEXT NEWSThe World Economic Forum will take place in Davos, Switzerland from Jan. 16 through Jan. 20.
☆ Factbox: Tech firms, Wall Street lead job cuts in corporate America
  + stars: | 2023-01-11 | by ( ) www.reuters.com   time to read: +6 min
Jan 11 (Reuters) - Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. HP Inc (HPQ.N):The computing devices maker said it expected to cut up to 6,000 jobs by the end of fiscal 2025. Job seekers wait before a job fair for airport related employment at Logan International Airport in Boston, Massachusetts, U.S., December 7, 2021. Blue Apron Holdings Inc (APRN.N):The online meal-kit company said it will cut about 10% of its corporate workforce, as it looks to reduce costs and streamline operations. Last year, company executives had said the home goods retailer was cutting about 20% of its corporate and supply chain workforce.
☆ Factbox: FACTBOX Tech firms, Wall Street lead job cuts in Corporate America
  + stars: | 2023-01-10 | by ( ) www.reuters.com   time to read: +5 min
Jan 10 (Reuters) - Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Cisco Systems Inc (CSCO.O):The networking and collaboration solutions company said it will undertake restructuring which could impact roughly 5% of its workforce. The effort will begin in the second quarter of the fiscal year 2023 and cost the company $600 million. HP Inc (HPQ.N):The computing devices maker said it expected to cut up to 6,000 jobs by the end of fiscal 2025. Consumer and retail companies:Beyond Meat Inc (BYND.O):The vegan meat maker said it plans to cut 200 jobs this year, with the layoffs expected to save about $39 million.
☆ Factbox: Tech firms leading job cuts in Corporate America
  + stars: | 2023-01-04 | by ( ) www.reuters.com   time to read: +9 min
Jan 9 (Reuters) - Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Microsoft Corp (MSFT.O):The software giant laid off under 1,000 employees across several divisions in October, Axios reported, citing a source. However, Bloomberg later reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. HP Inc (HPQ.N):The computing devices maker said it expected to cut up to 6,000 jobs by the end of fiscal 2025. CNN:Warner Bros Discovery-owned (WBD.O) CNN's top boss Chris Licht informed employees in an all-staff memo that job cuts were underway.
☆ Here’s our third-quarter earnings report card for all the stocks in our portfolio
  + stars: | 2022-12-27 | by ( Zev Fima | ) www.cnbc.com   time to read: +17 min
Third-quarter earnings season is finally behind us — and like the prior quarter, results were solid overall compared to analyst forecasts. Danaher (DHR) reported sales and earnings beats on the back of better-than-expected results in all three segments of the health technology company. While U.S. customer traffic was down in the quarter, management noted that it improved sequentially and improved throughout the quarter. Still the luxury hotel and casino company reported solid third-quarter results boosted by its U.S. properties. Amazon (AMZN) reported results that were disappointing, to say the least, and compounded by guidance that was even worse.
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