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CNN —The largest power-generating plant in Ukraine’s Kyiv region was reportedly destroyed in a Russian missile attack on Thursday as Moscow steps up its attacks on infrastructure. There were no casualties, and the attack has not resulted in power cuts in Ukraine’s capital region Kyiv or other regions supplied by Trypilska TPP. The plant was the largest supplier of electricity to the regions of Kyiv, Cherkasy and Zhytomyr, the Centrenergo statement said. The attack on the Trypilska plant follows a recent Russian attack that destroyed the company’s plant in the Kharkiv region, Zmiivska TPP, on March 22, according to the Centrenergo statement. The total designed capacity of the three power plants was 7690 MW, according to the company’s website.
Persons: Centrenergo, Trypilska TPP, since, TPP, Andriy Gota,  Svitlana Vlasova, Caitlin Danaher Organizations: CNN, Supervisory, of Centrenergo Locations: Ukraine’s Kyiv, Russian, Moscow, Ukraine’s, Kyiv, Cherkasy, Zhytomyr, Russia, Ukrainian, Ukraine, Europe, Kharkiv, Donetsk, Andriy, London
CNN —Floods have swamped parts of Russia and Kazakhstan after Europe’s third-longest river burst its banks, forcing more than 100,000 people to evacuate and sparking protests against the authorities. The Kremlin said that Russian President Vladimir Putin would on Wednesday receive reports from the governors of the three seriously affected regions: Orenburg, Kurgan and Tyumen. Video posts on social media showed hundreds of protesters gathering outside the city hall in Orsk, Orenburg, chanting “Shame! Shame!” and “Putin, help!” Other footage showed demonstrators accusing the state of “doing nothing” and criticizing the city’s mayor, Vasily Kozupitsa. In one video, Orenburg governor Denis Pasler tells a news conference he should be on vacation rather than responding to the floods.
Persons: Kassym, Jomart Tokayev, , Dmitry Peskov, Vladimir Putin, Kurgan, Putin, Peskov, ” Peskov, “ Putin, Vasily Kozupitsa, Yulia Navalnaya, Alexey Navalny, Evgeniy Lukyanov, Navalnaya, unsympathetically, Denis Pasler, , ” Navalnaya, Aleksandr Kurenkov, Yerassyl, Kazinform Organizations: CNN, Europe’s, AP, Residents, Getty, Kazakh Emergencies Ministry, Kazakh Locations: Russia, Kazakhstan, Russia’s Orenburg, Orenburg, Kurgan, Tyumen, Orsk, Kazakh, Petropavl, AFP, Soviet Union
Morgan Stanley raises Nvidia price target to $1,000 per share from $795. Goldman Sachs' semiconductor readthroughs from Google's conference: Arm positive, Nvidia mild positive, Advanced Micro Devices mild negative, Intel mild negative. Barclays raises Club name Ford price target to $16 per share from $15. Other price target raises on Club names on Wall Street: Danaher , DuPont and Wynn Resorts . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Dow, Thomas Kurian, Morgan Stanley, Goldman Sachs, Jefferies, Ed Bastian, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Core CPI, Taiwan Semiconductor Manufacturing Company, Nvidia, Google, Club, Broadcom, Gaudi, Barclays, Ford, DuPont, Wynn Resorts, Jim Cramer's Charitable, CNBC Locations: Fitch, China
Istanbul/London CNN —Turkey has announced restrictions on exports to Israel after the Turkish foreign minister accused Israel of denying a request to airdrop aid to Gaza. Speaking at a press conference in Ankara late Monday, the Turkish foreign minister said Turkey was taking “a series of new measures against Israel” after Israel had denied its request to join a Jordanian aid operation. “Today we learned that our request, which was welcomed by the Jordanian authorities, was rejected by Israel,” Hakan Fidan said. Along with the United Arab Emirates, Turkey is the biggest donor of aid to Gaza, according to Israel’s Coordinator of Government Activities in the Territories. In a statement Tuesday, the CHP criticized the Turkish government for continuing to trade with Israel despite publicly condemning its attacks on Gaza.
Persons: Israel, Israel ”, ” Hakan Fidan, Gazans, , Israel Katz, Recep Tayyip Erdogan, , ” Katz, ” “, ” Volkan Demir, Lauren Izso, Anna Cooban Organizations: London CNN, Turkish Ministry of Trade, Israel, United Arab, Republican People’s Party, CHP Locations: Istanbul, London, Turkey, Israel, Gaza, Ankara, Jordanian, Territories, United States, ” “ Israel, United Arab Emirates, CHP’s, Tel Aviv
CNN —Denmark has closed one of the world’s busiest shipping lanes over an activated but malfunctioning missile launcher on a Danish navy ship, the country’s military said Thursday. The Niels Juel ship is stationed in Denmark’s Great Belt strait, the main maritime gateway to the Baltic Sea. “Until the booster is disabled, there is a risk that the missile could launch and fly several kilometers away,” it said. The missile is not in the direction of the Great Belt Bridge. The air space in the area is also currently closed, the military said.
Persons: Niels Juel Organizations: CNN —, Naval Locations: CNN — Denmark, Danish, Baltic
Here are JPMorgan's top stock picks heading into April
  + stars: | 2024-04-01 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +2 min
JPMorgan added two new names to its list of top stocks as April begins — Bank of America and CarMax . However, his price target of $35 implies that shares could fall 8% from their Thursday close. On the other hand, analyst Rajat Gupta views CarMax as a short idea, with his $60 price target suggesting approximately 31% downside from where the stock closed on Thursday. Here are some of the top picks that made JPMorgan's list: Growth stock Danaher is one returning name to the list. Analyst Tami Zakaria's $385 price target corresponds to a further 5% rally from the stock's Thursday close.
Persons: Vivek Juneja, Juneja, Rajat Gupta, CarMax, Rachel Vatnsdal's, Tami Zakaria's, — CNBC's Michael Bloom Organizations: JPMorgan, — Bank of America, Bank of America, of America, " Bank of America, Caterpillar
Here are the responses from Jim Cramer and Director of Portfolio Analysis Jeff Marks. (Vincent, New York) Jeff Marks: Due to the elevated power needs data centers require, energy demands will be higher. (Steve, Michigan) Jim Cramer: I don't blame you for switching to CrowdStrike from Palo Alto, but I had Palo Alto CEO Nikesh Arora on last week. Jim Cramer: The numbers are no good here right now. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer, Jeff Marks, Vincent, Nikesh Arora, I'm, Gwen, haven't, Peter Lynch, Charlie Scharf, Wells, Nick, it's, Rich Galanti, they'll, Stanley Black, Decker, Morgan Stanley, there's, Danaher, Sam, We've, Laxman Narasimhan, Jim Cramer's, Jim Organizations: Investing Club, Coterra, Palo Alto Networks, Palo, Palo Alto, PepsiCo, Coca, Nvidia, AMD, Magellan Fund, Club, JPMorgan, Broadcom, VMWare, Apple, Developers, Jim Cramer's Charitable, CNBC Locations: Vincent , New York, Eaton, China, Steve , Michigan, Palo Alto, Palo, Wells Fargo, Jim , Arizona, Costco, Elizabeth , Pennsylvania, Linda , Ohio, iPhones, Steve , Mississippi, United States
London CNN —King Charles III gave public remarks for Maundy Thursday, addressing the importance of acts of friendship, following his and Catherine, Princess of Wales’ cancer diagnoses. The King’s audio message — which was played at the annual Royal Maundy service at Worcester Cathedral in England on Thursday — were his first public comments since Catherine revealed she was undergoing chemotherapy. Charles, who is also currently undergoing treatment for cancer, did not attend the service, leaving his wife, Queen Camilla, to hand out traditional Maundy gifts on his behalf. The King is, however, expected to attend church on Easter Sunday alongside his wife, marking his most significant public appearance since his diagnosis. It is an ancient ceremony that dates back to 600 A.D. and marks how Jesus washed the feet of disciples at the Last Supper.
Persons: London CNN — King Charles III, Catherine , Princess, Wales, Catherine, Charles, Queen Camilla, Camilla’s, Jesus, Charles ’, John, , ” Charles ’ Organizations: London CNN, Royal, Worcester Cathedral, CNN’s Royal, PA Media Locations: England, British, Worcester,
Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Amazon's recent AI moves have been impressive, specifically its close relationship with fellow Club holding Nvidia and, most recently, its multibillion-dollar venture investment in startup Anthropic. Best Buy : We added the electronics and appliance retailer to the portfolio shortly after the Monthly Meeting concluded. 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.
Persons: Jim Cramer's, Jim, Jim Cramer, Reckitt Benckiser, Abbott, We've, Here's, Salesforce, that's, Walt Disney, Nelson Peltz, Estee Lauder, he'd, Ford, We're, we'll, Vimal Kapur, Kapur, Linde, Eli Lilly, TikTok, Meta's Ray, Morgan Stanley, Reddit, Morgan, Ted Pick, he's, it's, Stanley Black, Decker, TJ Maxx, Wells, Wynn, Spencer Platt Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Department of Justice, Abbott Laboratories, Nvidia, Broadcom, Investors, Bausch Health, Pharmaceuticals, Costco Wholesale, Costco, GTC, Coterra, DuPont De Nemours, DuPont, stoke, Peltz, Disney, Eaton Corporation, Ford, General Motors, Wall, GE Healthcare Technologies, General Electric, Apple, Google, Bloomberg, . Honeywell, Honeywell, UBS, Meta, Microsoft, Palo Alto Networks, Palo Alto, Procter & Gamble, Starbucks, Constellation Brands, Stanley, TJX, Marshalls, Wynn Resorts, Jim Cramer's Charitable, Traders, New York Stock Exchange, Getty Locations: China, Costco, U.S, East, Mexican, Growth, HomeGoods, Wells Fargo, Macao
New York CNN —Since its founding by William Boeing more than a century ago, the Boeing Company has had 12 CEOs. What Boeing wants in its new CEOWhen picking a new CEO, the company likely has two pools of choices. Or it can once again pick a leader like outgoing CEO Calhoun, who has a financial background and an undergraduate degree in accounting. Spirit was the only one to comment, but it did not address the possibility of Shanahan becoming Boeing CEO. Culp has an undergraduate degree in economics and an MBA from Harvard, a business background more than an engineering background.
Persons: William Boeing, Dave Calhoun, Calhoun, , , Sir Tim Clark, ” Calhoun, “ It’s, Richard Aboulafia, Pat Shanahan Pat Shanahan, Donald Trump, Shanahan, “ Mr, Joe Buccino, Larry Culp Larry Culp, Jack Welch, Culp, Aboulafia, Kathy Warden Kathy Warden, Northrop Grumman, Northrop, Warden, ” Aboulafia, Mary Barra, Greg Smith Greg Smith, Smith, Alan Mulally Aboulafia, Alan Mulally, Ford, Mulally, It’s, Ron Epstein, , Stephanie Pope, Brian West, Pope, West, Elizabeth Lund Organizations: New, New York CNN, Boeing Company, Boeing, Alaska Airlines, Emirates Airlines, CNBC, US Department of Defense, CNN, General Electric, GE Aerospace, GE, Danaher Corp, Harvard, Northrop, General Motors, Barra, American Airlines, Ford, Detroit, GM, DaimlerChrysler, Chrysler, of America, Airplanes, GE Aviation, Services, Boeing Commercial Airplanes Locations: New York, American, Calhoun
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. Mark your calendars: Apple said it will host its annual Worldwide Developers Conference from June 10 to June 14. 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, It's, Jensen, Danaher, Ingersoll Rand, Jim, Larry Fink, Eli Lilly, Fink, Jim Cramer's, Tim Cook, Josh Edelson Organizations: CNBC, Developers, Apple, Nvidia, Vision, ILC Dover, KeyBanc, Dover, Microsoft, Costco, BlackRock, Corp, Cintas, Jefferies, Jim Cramer's Charitable, Apple's Worldwide, AFP, Getty Locations: Cupertino , California
Please note, that Abbott Laboratories is not listed below as we did not own the name before the company's earnings release. Meta Platforms had one of the best earnings reports of the entire season, as sales, earnings, and cash flow trounced expectations. Despite missing earnings expectations, Coterra Energy delivered where it matters most: discretionary and free cash flow. Honeywell 's earnings results weren't great, with sales missing across the board and segment profit results coming up mixed. Given the stock's reaction, one might wonder why we don't think the earnings results from Palo Alto Networks were flat-out ugly.
Persons: we've, Eaton, Eli Lilly, Mounjaro, Bausch, Estee Lauder, Fabrizio Freda's, Linde, shouldn't, Morgan Stanley, Procter & Gamble, Stanley Black, Decker, We're, Wells Fargo, Nikesh Arora, Palo, they've, Locker, Jim Cramer's, Jim Cramer, Jim, Satya Nadella, Nadella, SeongJoon Cho Organizations: Abbott Laboratories, Wall, GE Healthcare, Meta, Microsoft, Investors, Nvidia, Wynn Resorts, Pharmaceuticals, Broadcom, Coterra Energy, Disney, Federal Deposit Insurance Corporation, Procter &, TJX, Google Services, Constellation Brands, Costco Wholesale, Costco, DuPont, Honeywell, Palo Alto Networks, Palo Alto, Management, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, Ford, China, Macao, Las Vegas, Boston, Wells Fargo underdelivered, Seoul
Disney gets a win : A major proxy advisor weighed in on the Disney -Trian board battle. Glass Lewis said Monday it recommends Disney shareholders vote for the company's director nominees and not the slate forth by Trian's Nelson Peltz. 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, Stocks, Glass Lewis, Trian's Nelson Peltz, Jay Rasulo, Nelson, Mondelez, Heinz, Jim, DuPont, Jim said, Stephanie Cohen, Goldman Sachs, Cohen, Jensen Huang, Jensen's, Jim Cramer's, Spencer Platt Organizations: CNBC, Nvidia, Apple, Disney, Procter & Gamble, GE Healthcare, General Electric, GE, Evercore, DuPont, Protection, Samsung, Taiwan Semiconductor Manufacturing, PepsiCo, Constellation Brands, Citi, GEHC, Traders, New York Stock Exchange, Getty Locations: China, New York City
The hikes also sweeten the potential total return for their stocks at a time when some Wall Street strategists are shining a light on that performance metric. That performance metric captures not just stock price moves but also gains from reinvested dividends. The difference between stock price performance and total return can be substantial, underscoring the benefits of reinvesting dividends. Consider that over the past 10 years, Linde's stock price has climbed 260%, according to FactSet. Eaton's stock price has climbed 321% over the past decade while its total return is 462%.
Persons: Savita Subramanian, Jim Cramer's, Eli Lilly, Linde, Stanley Black, Decker, Jim Cramer, Jim, Spencer Platt Organizations: Disney, TJX Companies, . Eaton Corp, Linde, DuPont de Nemours, Coterra, Procter, Gamble, Bank of America, Meta, Alto Networks, Bausch Health, Abbott Laboratories, Broadcom, Costco Wholesale, Ford Motor, Nvidia, Apple, Costco, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Cincinnati, New York City
Dividend stocks usually take a hit when they decrease their payouts, but investors may not want to count some of them out, according to Morgan Stanley. While many companies instituted large dividend decreases, there are several that announced dividend cuts of 30% or less. Shares of Annaly are up 1% in 2024, and the dividend yield is 13.3%. That's about a 20% quarter-over-quarter decrease, per Morgan Stanley. Shares are up 10% this year, and they offer a dividend yield of 0.4%.
Persons: Morgan Stanley, Todd Castagno, Castango, Russell, David Finkelstein, Raul Jacob Ruisanchez Organizations: Annaly Capital Management, Southern Locations: Southern
Here are JPMorgan's favorite stocks heading into March
  + stars: | 2024-03-04 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +2 min
JPMorgan added three new stocks into its list of top stocks heading into March, including two real estate investment trusts. The bank updated its focus list in a Friday note to include Annaly Capital , Ascendis Pharma and EPR Properties . His $20 price target implies that shares could rise nearly 4% from their Friday close. Here are some of the other top picks that made JPMorgan's list: Returning names to the list include growth stock Danaher , which is up nearly 11% this year. Analyst Tami Zakaria's $385 price target implies shares could rise more than 14% from Friday's close.
Persons: Richard Shane, Anthony Paolone, Jessica Fye, Rachel Vatnsdal's, Tami Zakaria's Organizations: JPMorgan, Annaly, Ascendis Pharma, Caterpillar Locations: Friday's
"You want to be able to embrace the sell-off and say, 'OK, it's going to get me my price,'" Jim said. During these declines, Jim said to focus on a stock's price and pick a level to start buying. Let the other people give you your price," Jim said. "If you just wake up one morning and say, 'Listen, I can't take it anymore,' that's going to be a bad buy," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer, Jeff Marks, Here's, — Emanuel, Jim, Peter, Jeff, Wells, — Ben, they'd, destocking, Seth, we've, it's, hasn't, Eaton, — David, — Kyle, you've, It's, Jim Cramer's Organizations: Humana, DuPont, Eaton Corp, Palo Alto Networks, Enphase Energy, CNBC Locations: Wells Fargo, Eaton
COST 5Y mountain Costco's stock performance over the past five years. DHR 5Y mountain Danaher's stock performance over the past five years. ETN 5Y mountain Eaton Corp.'s stock performance over the past five years. "The megatrends are real serious, and [Eaton] is a real serious company," Jim said. TJX 5Y mountain TJX Companies' stock performance over the past five years.
Persons: Jim Cramer, Jeff Marks, Morgan Stanley, Wall, Beijing's, Jim, Eaton, Linde, Lilly's, Eli Lilly, We've, Zepbound, Mark Zuckerberg's, Mark Zuckerberg, OpenAI, Copilot, management's, Nvidia, TJ Maxx, TikTok, Gen Zers, TJX, Jim Cramer's, Satya Narayana Nadella, Lucas Jackson Organizations: GE Healthcare, Meta, Microsoft, Johnson, Natural Resources, Starbucks, Apple, Apple Music, Services, Amazon, Amazon Web Services, Prime, Costco, Danaher, Eaton Corp, Investors, GE, LIN, Novo Nordisk's Wegovy, Novo Nordisk, Management, Nvidia, TJX Companies, Marshalls, CNBC Locations: Eaton, China, Manhattan, New York City
Goldman Sachs anticipates the S & P 500 will rise to 5,200 by the end of the year, the CNBC Market Strategist Survey showed. Instead, some better opportunities may lie in "shared favorites," according to David Kostin, chief U.S. equity strategist at Goldman Sachs. They've outperformed the S & P 500 a majority of the time, 63%, in the months since 2013. Other names Kostin considers shared favorites include Mastercard , Visa and Danaher . "Some of these shared favorites are … less highly valued and that's a perhaps more risk adjusted return opportunity set," Kostin said.
Persons: Goldman Sachs, That's, David Kostin, Kostin, CNBC's, They've, TD Cowen, Morgan Stanley, — CNBC's Michael Bloom Organizations: CNBC Market, Mutual Fund, KKR, Mastercard, Visa
On the other hand, if you find a great company with a broken stock, the price will eventually follow the strong fundamentals. We didn't see anything on the earnings release or hear anything on the conference call that led us to believe otherwise. Look no further than Danaher 's fourth-quarter earnings release and price reaction. 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.
Persons: Jim Cramer, aren't, it's, Omaha Warren Buffett, Patience, Nelson Peltz, Jim, he's, isn't, Jim Cramer's Organizations: CNBC, Bulls, Microsoft, Nvidia, Palo Alto Networks, Palo Alto, Palo, Investors, GE Healthcare, Abbott Labs, Omaha, Disney, ESPN, Charitable Trust, Investing, Broadcom, VMware, Jim Cramer's Charitable Locations: New York City, GLP1, cybersecurity
Cramer's Lighting Round: Vertiv is a buy
  + stars: | 2024-02-22 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon GlobalFoundries' year-to-date stock performance. Stock Chart Icon Stock chart icon Danaher's year-to-date stock performance. Stock Chart Icon Stock chart icon Workday's year-to-date stock performance. Stock Chart Icon Stock chart icon Vertiv's year-to-date stock performance. Stock Chart Icon Stock chart icon Arm's year-to-date stock performance.
Persons: GlobalFoundries, You've, They've, Rene Haas, Jim Cramer's Organizations: Cal, Maine Foods, Maine Locations: Taiwan
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: I think Danaher could go higher, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: GlobalFoundries, Danaher, Cal-Maine Foods, Workday, Vertiv, Pure Storage and Arm Holdings.
Persons: Jim Cramer Organizations: Maine Foods, Holdings Locations: Danaher, Cal
Remember, Jim Cramer kicked Tesla out and renamed the group of mega-cap market leaders the Significant Six. Mark your calendars: On Saturday, February 24, we'll be hosting our 2nd Annual Meeting for members of the CNBC Investing Club with Jim Cramer. 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, It's, Tesla, Wells Fargo, Eli Lilly, Foot, Danaher, we'll, Jim Cramer's, Jim Organizations: CNBC, Microsoft, Nvidia, Tesla, Club, GE Healthcare, UBS, HSBC, General, Linde, Disney, Apple, Alto Networks, Bausch Health, Coterra Energy, Walmart, Home, Jim Cramer's Charitable Locations: We're, Friday's, GEHC
In the fourth quarter, specifically, shares of Alphabet rose 6.75%. Third Point owned Alphabet for less than a year , while Druckenmiller traded in and out of the stock in recent quarters. Some Wall Street veterans merely pared back their exposure to Alphabet in the quarter, including David Tepper's Appaloosa Management . Baupost Group — the hedge fund run by value investor Seth Klarman — sold about 23% of its Alphabet stock over the same stretch. Berkshire parted ways with about 10 million shares of the iPhone maker, leaving the conglomerate with more than 905 million shares, worth $174.35 billion, at the end of the quarter.
Persons: Dan Loeb's, Stanley Druckenmiller, Druckenmiller, David Tepper, David Tepper's, Seth Klarman —, Jim Cramer, Michael Bury, Bill Ackman's, Tepper, Druckenmiller —, , Eli Lilly, Lilly, Danaher, Warren Buffett's Berkshire Hathaway, Buffett, Jeff Smith's, Marc Benioff, shouldn't, Jim, Jim Cramer's, Justin Sullivan Organizations: Club, Securities and Exchange Commission, SEC, Microsoft, Apple, Nvidia, Palo Alto Networks, Wall, Management, Bill Ackman's Pershing, Capital Management, Duquesne Family, Trust, CNBC, Warren, Berkshire, BNSF Railway, Geico, Inclusive, Jim Cramer's Charitable Locations: Palo, 13Fs, Jim's, Mountain View , California
Wall Street is forecasting a better backdrop for companies that want to go public. While lower rates can stoke the IPO market, fewer rate cuts because the economy remains strong with cooling inflation should still be viewed as favorable. The IPO market and mergers and acquisitions (M & A) activity started to sour when the Fed began hiking interest rates back in March 2022. A strong IPO market overall is expected to also benefit burgeoning biotechnology firms, which would mean more business for Danaher. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: That's, Goldman Sachs, Goldman, Morgan Stanley, Danaher, Morgan, Morgan Stanley didn't, Ted Pick's, Jim Cramer, Morgan Stanley's, Raymond James, , Jim Cramer's, Jim, Brendan Mcdermid Organizations: Federal, stoke, UST, Goldman, Fed, Companies, IB, Danaher, Biotech, Silicon Valley Bank, CNBC, Traders, New York Stock Exchange Locations: U.S, Silicon
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