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In their joint venture agreement, Baker Hughes says it uses C3.ai's solutions and also sells the product to companies in the oil and gas industry. CNBC's "Last Call" aired a report Thursday night on the investor lawsuit against C3.ai and the company's relationship with Baker Hughes. The lawsuit says the publicity about the massive Baker Hughes sales force "artificially inflated C3's stock" when the company first went public. Richard Drew | APIn an April 2023 filing, Baker Hughes announced it divested 1.7 million C3.ai shares, bringing its ownership to 6.9 million shares. Kerrisdale pointed to C3.ai's "highly conspicuous growth" in unbilled receivables, largely from Baker Hughes, and wrote that "accounting red flags abound with the Baker Hughes relationship."

Persons: Tom Siebel, Siebel, Thomas M, Chris J, Ratcliffe, it's, Baker Hughes, Logan Roy, Larry Ellison, Yasmin Khorram, Dan Brennan, We've, Brennan, he's, CNBC's, Reed Kathrein, Theranos, —, Kathrein, Richard Drew, they'd, unbilled, receivables, Siebel's, Ken Goldman, Goldman, Gil Luria, Davidson, Luria, Nick Wells, Scott Zamost, Sam Woodward, Tom Siebel's Organizations: Siebel Systems, Oracle, Bloomberg Tech Summit, Bloomberg, Getty, CNBC, Forbes, Siebel, C3, U.S . Department of Defense, Shell, Northern District of, SEC, Twitter, " Traders, New York Stock Exchange, AP, Point Capital Management, Spotify, C3 Energy, Revenue, Wall Locations: London, Redwood City , CA, Redwood City , California, Northern District, Northern District of California, unbilled receivables, Point

Despite the uncertain macroeconomic backdrop the market faces, some companies have been able to buy back their shares without relying heavily on debt to finance the purchases. PYPL YTD mountain Shares of PayPal are under pressure this year with a decline of more than 15%. MPC YTD mountain Marathon shares are down roughly 8% from the start of 2023. Meta shares have been on fire this year as the company focuses on efficiency, rallying more than 100%. META YTD mountain Meta stock in 2023

Short interest in Beyond Meat rose almost 30% to about 25 million shares between April 28 and May 15, according to the data. Short interest similarly climbed even more for software firm Cvent , with investors increasing shorts just over 33% to nearly nine million shares. That's almost 40% of the stock's float. Short interest grew almost 10% to nearly 25 million shares, now accounting for 36.5% of float. The table shows all names with short interest accounting for more than 25% of float.

Persons: Terence Malone, Cvent, it's, Reginald Smith Organizations: Barclays, FactSet, JPMorgan, CNBC Pro, New York Stock Exchange, Nasdaq

While the overall market awaits a debt ceiling deal, certain stocks are forming notable patterns followed by chart analysts: the bullish golden cross and the dreaded death cross. Meanwhile, a death cross is the exact opposite. Stocks closing in on a death cross pattern include American Express and United Parcel Service. A bullish pattern forms Shares of paint company Sherwin-Williams are forming a bullish golden cross. Shares of shipping giant UPS are also on pace to form a death cross.

Persons: Sherwin, Williams, Refinitiv, Carol Tomé Organizations: CSX, American Express, United Parcel Service, CNBC, Abbott Laboratories, U.S . Food, Drug Administration, Mobile Locations: U.S

Recent market volatility and uncertainty regarding the U.S. economy has Wall Street analysts torn about where some stocks are headed in the upcoming months. The stock has buy or overweight ratings from 20% of analysts, while another 20% rates it as sell or underweight. More than half of the analysts covering the stock give it a buy rating. Nonetheless, 24% of analysts have a sell rating on it. More than 30% of analysts have buy ratings on the stock, whereas 23% have a sell rating.

Organizations: ~$ $

☆ These stocks are breaking out to the upside and may be poised for further gains
▼ + stars: | 2023-05-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The market may be trading in a tight range, but some stocks are breaking out of the sideways action to the upside, according to a closely watched technical indicator. Some stocks, however, are bucking this trend, and showing some momentum to the upside by closing above their 50-day moving averages. Cruise stocks dominated the list of names that punched above their 50-day averages last week. Other cruise and entertainment stocks also closed above their 50-day last week, including Norwegian Cruise Line , Carnival Cruise and Live Nation Entertainment . The stocks gained 6% and 1.9% for the week to close above their 50-day moving averages of $60.24 and $40.20, respectively.

If the Fed opts to pause, Treasury yields are expected to decline. Stocks that could gain on falling interest rates Here are the top stocks that are poised to move higher if the Fed signals it will pause rate increases. The gold miner benefits from a rise in gold prices, and in general, gold tends to rise when interest rates fall. Meanwhile, genetics company Illumina should gain if interest rates fall, according to its correlation to the SHY ETF. Stocks poised to gain on rate increases However, if the Fed suggests rate hikes will continue, short-term Treasury yields will likely go up, benefiting these stocks.

By comparison, less than 5% of companies mentioned AI in analyst calls held during the first quarter of 2016. Big Tech mentions jump AI has been a growing theme in Big Tech as companies try to capitalize on the wave following 2022's selloff. In calls from Big Tech companies alone, AI was mentioned 265 times. Executives at real estate company UDR said its AI chat has a 10% higher closing rate than normal call centers. Interpublic Group of Companies CEO Philippe Krakowsky noted the advertising company brought on a chief AI officer two years ago.

Electric-vehicle stocks Fisker , Workhorse and Blink Charging have struggled mightily in 2023. Short interest on Fisker increased by 12% to 68 million shares from March 31 to April 14, FactSet data shows. Charging station builder Blink Charging's short interest rose to 27% of its float, or 13.5 million shares. Those increases in short interest come as all three names have taken a beating this year. Artificial intelligence company C3.ai also saw an 11% spike in short interest, with 31 million of its shares sold short.

Short interest in Novavax increased more than 13% to 37.8 million shares, or about 45% of the total float, between March 15-31, according to data compiled by FactSet. Other biotech companies that saw growing short interest are Cassava Sciences , with a 10% increase, and Fate Therapeutics , which saw a 26% boost. Meanwhile, bluebird bio had a 29% increase in its short interest to 26% of float. Cinemark and AMC Entertainment both saw increases in their short position to 28% and 27% of their respective floats. All names trade on the NYSE or Nasdaq, have short positions amounting to at least 25% of their total float and have market values of at least $100 million.

Treasury yields dropped on the back of the report. More specifically, we looked at the rolling 100-day correlation between Nasdaq-100 stocks and the SHY ETF. Here are the five-most correlated Nasdaq-100 stocks to falling rates. Here are the five-most correlated Nasdaq-100 stocks to falling rates. Stock Chart Icon Stock chart icon Shares of Seagan are one of the more closely correlated stocks of the iShares short-term bond yield ETF.

CNBC Pro looked at the 100-day rolling correlations of S & P 500 stocks to West Texas Intermediate futures to see which names tend to follow oil the closest. In other words, when oil rises, these stocks tend to follow it higher. Clorox and General Mills both have negative current correlations to oil. In other words, when oil rises, these stocks have fallen lately. Both stocks are underperforming oil this week, with Clorox losing 0.1% and General Mills advancing just 1.7%.

☆ Ether's strong first-quarter performance was upstaged by bitcoin. Here's what comes next
▼ + stars: | 2023-04-03 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +6 min

Bitcoin opened investors' eyes to the diversity of its narrative as its price fought a banking crisis, a regulatory crackdown and persistent inflation. Further, some see technological advances on the Ethereum network as laying the groundwork for the new cycle. That breakthrough accelerated its development pathway, allowing major Ethereum blockchain upgrades on the regular, Hougan added. "There are positives and negatives that could come from the Shanghai upgrade," he said. The Shanghai upgrade follows the Ethereum Merge , the September transition of the network from proof-of-work to proof-of-stake.

As of March 15, short interest against Tattooed Chef rose nearly 4% to 17.1 million shares, which is about 35% of the total float, according to FactSet data. The percentage of float refers to the number of shares that are sold short divided by the the total number of shares available for trading. Short interest in another plant-based food company, Beyond Meat, remained elevated even after falling slightly by 2.5% to around 21 million shares. Other companies that saw a surge in short interest this month include a number of biotech companies. In the first half of March, investors increased their bets against Allogene Therapeutics by about 8% to 39.8 million shares, or about half its total float.

Artificial intelligence is all the rage on Wall Street, but investors are making big bets against two names in the space. BBAI 1Y mountain BBAI in past year Short interest in C3.ai , a company that makes AI enterprise applications, also surged recently. A handful of meme stocks also saw big upticks in short interest, including AMC Entertainment and Bed Bath & Beyond. Short interest data is updated twice a month and reported mid-month and at the end of the month. The next release date is March 9 for short interest data as of Feb. 28).

☆ Stocks making the biggest moves midday: TG Therapeutics, Micron Technology, ChargePoint and more
▼ + stars: | 2022-12-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

A ChargePoint station at the New Carrollton Branch Library in New Carrollton, Md. TG Therapeutics — Shares jumped more than 9% after the biotech company announced this week that the U.S. Food and Drug Administration approved its treatment for relapsing forms of multiple sclerosis in adults. Micron Technology — Shares of the chipmaker dropped 2% after the stock got downgraded to hold from buy by Argus Research. ChargePoint — The maker of EV charging technology saw shares rise more than 4% after Q-GRG VII (CP) Investment Partners bought more than 1.4 million shares, according to a filing with the U.S. Securities and Exchange Commission. The move came as the company announced plans to raise cash by selling up to $125 million of senior convertible bonds.

Investors raised bets against Beauty Health Company , owner of the skincare brand HydraFacial, in the first half of November. Short interest as a percentage of float refers to the amount of shares available for trading that are being bet against the company. Shares of Beauty Health underperformed in 2022, down more than 50% this year, while the S & P 500 declined about 17% over the same time period. Beauty Health has made a number of infrastructure investments as it expands its business globally. Short interest data is updated twice a month and reported mid-month and at the end of the month.

Stocks with the biggest bets against them could lead this comeback as investors run to cover their short positions. Bets against electric vehicle charging stocks EVgo and Blink Charging were piling up before this bounce. Other stocks with high levels of short interest include EV maker Nikola , Carvana and bitcoin proxy MicroStrategy . Short interest data is updated twice a month and reported mid-month and at the end of the month. The next release date is Nov. 25 for short interest data as of Nov. 15).

FactSet data showed short interest in Nikola increased by 12% to 97.4 million shares. Short interest in Carvana also rose by 10% to 34.6 million shares, or about 36% of the overall float. Investors also mounted bets against Wayfair , with short interest rising 14% to 21.2 million shares. Short interest data is updated twice a month and reported mid-month and at the end of the month. The next release date is Nov. 9 for short interest data as of Oct. 31).

Investors seem to be mounting bets against some biotech and pharma names, including one that has soared in 2022. Short interest in Verve rose to 12 million shares, or 34% of its float, while 27.6 million shares of Allogene were being shorted through the end of September. Retailers Bed Bath & Beyond and Big Lots, along women's fashion company Torrid Holdings, also saw increased short interest. Short interest data is updated twice a month and reported mid-month and at the end of the month. The next release date is Oct. 25 for short interest data as of Oct. 14).

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