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☆ U.S. DOJ preparing to probe Adobe's $20 bln Figma deal - Politico
▼ + stars: | 2022-11-02 | by ( Shadia Nasralla | Svea Herbst-Bayliss | ) www.reuters.com time to read: +1 min

Nov 2 (Reuters) - The U.S. Department of Justice is preparing to open an investigation into Adobe Inc's (ADBE.O) $20 billion takeover of Figma, Politico reported on Wednesday, citing four people with knowledge of the matter and a document it viewed. The DOJ has been reaching out to customers and competitors of Adobe and Figma, as well as Figma's venture capital investors, in recent weeks, according to the report. "Adobe and Figma today are not meaningful competitors," Adobe said in an emailed statement. Figma and the DOJ did not immediately respond to Reuters' requests for comment. The exact timing of the probe is unclear, Politico said, adding that the companies are still in the review period mandated by law.

☆ What Cramer is watching Wednesday — Fed day, AMD signs of life, China hits Estee Lauder
▼ + stars: | 2022-11-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

While missing lowered expectations in the third quarter, Club holding AMD did see a year-over-year revenue growth. Club holding Estee Lauder (EL) beats on fiscal first-quarter earnings and matches on revenue. Club holding Devon Energy (DVN): Very strong quarter . Club holding Humana (HUM) sees membership growth. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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☆ Despite 'not fully positive results,' Evercore ISI still thinks Airbnb is one of the best fundamental stories
▼ + stars: | 2022-11-02 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

There are still several reasons to own Airbnb 's stock despite its latest quarterly numbers, according to Evercore ISI. Analyst Mark Mahaney reiterated the stock as an outperform with a price target of $150, which implies a 37.7% upside. Airbnb dropped 5% in premarket trading after the company reported "not fully positive results," though he said the travel platform's performance was "more of an Expectations Correction than a Fundamentals Correction." He also pointed to the 15% supply growth disclosure which countered arguments that supply has peaked, which would in turn stunt growth. Revenue growth, in turn, is expected to slow down to 20% in 2023 from 39% in 2022.

☆ Here are Wednesday's biggest analyst calls: Tesla, Netflix, Carvana, Exxon, Meta, Apple & more
▼ + stars: | 2022-11-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bernstein reiterates Tesla as underperform Bernstein said shares of Tesla remain extremely overvalued. Needham reiterates Netflix as hold Needham said the streaming giant could see "negative revenue growth near-term" due to its new ad-based product. Bank of America downgrades Twilio to underperform from buy Bank of America double downgraded the communications tools company due to rising competition. Bank of America reiterates Peloton as buy Bank of America said it's standing by shares of Peloton heading into earnings on Thursday. Bank of America reiterates Carvana as buy Bank of America said in a note on Wednesday that it's standing by shares of Carvana.

☆ Stocks shrug off tech's troubles as the Street awaits key inflation data next week
▼ + stars: | 2022-10-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The major indexes all posted gains this week despite a Big Tech beatdown, proving the market can rally without its most valuable stocks. Indeed strength in other sectors — only communication services finished down — helped the overall market to shrug off disappointing earnings results from Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN) and Meta Platforms (META). Alphabet's results fell short of the Street's expectations, but still managed to grow revenue 6% annually off a $65 billion base. (Canada's central bank hiked rates less than expected this week, opting for a 50 basis point hike instead of the expected 75.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Here is an update on our 7 Bullpen stocks
▼ + stars: | 2022-10-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

We reviewed our Bullpen stocks during the Investing Club's October "Monthly Meeting" on Thursday. Barrick Gold (GOLD): Investors would think that with geopolitical tensions, inflation, and economic uncertainty, this is time for gold to shine. 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.

☆ Tesla adds billionaire Airbnb co-founder Gebbia to board
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +2 min

Joe Gebbia, co-founder of Airbnb speaks during the second day of the first Obama Foundation Summit in Chicago, Illinois, U.S. November 1, 2017. REUTERS/Kamil KrzaczynskiSept 28 (Reuters) - Tesla Inc (TSLA.O) said on Wednesday that Airbnb Inc (ABNB.O) co-founder Joseph Gebbia has joined the electric vehicle maker's board, reversing a move to trim the number of directors at the world's most valuable carmaker. Ellison, a self-described close friend of Musk, was appointed by Tesla in December 2018 to comply with the agreement. Gebbia, a U.S. billionaire designer and Internet entrepreneur, joins Tesla after saying in July he would take on an advisory role at Airbnb, stepping away from his full-time role. Some experts doubted whether the billionaire would add diversity to the Tesla board.

☆ Tesla adds Airbnb co-founder Gebbia to board
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +1 min

Joe Gebbia, co-founder of Airbnb speaks during the second day of the first Obama Foundation Summit in Chicago, Illinois, U.S. November 1, 2017. REUTERS/Kamil KrzaczynskiSept 28 (Reuters) - Tesla Inc (TSLA.O) said on Wednesday that Airbnb Inc (ABNB.O) co-founder Joseph Gebbia has joined the electric vehicle maker's board, months after stepping back from his full-time role at the vacation rental company. In July, Gebbia said he would take on an advisory role at Airbnb, stepping away from his full-time role after 14 years at the company. The Airbnb co-founder had in 2018 called Musk's attempt to take Tesla private a "baller move". In a blog post accompanying the filing, Tesla said Gebbia has begun work on his next startup without elaborating further.

☆ Oyo will check into public markets in better shape
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

The logo of OYO, India's largest and fastest-growing hotel chain, installed on a hotel building is seen through wires in an alley in New Delhi, India, September 25, 2018. REUTERS/Anushree Fadnavis - RC1364FBCAC0MUMBAI, Sept 20 (Reuters Breakingviews) - A recovery in travel means Oyo is set to check into public markets in better shape. The budget hotel chain founded by Ritesh Agarwal grew revenue 18% to 49 billion rupees ($615 million) in the year to March. The uplift was reported in an addendum to its draft initial public offering document first filed a year ago. Earlier Oyo was targeting a whopping $11 billion valuation, equivalent to 19 times trailing sales.

☆ Earnings playbook: How to play the second half of the season with Starbucks and Caterpillar on deck
▼ + stars: | 2022-07-31 | by ( Fred Imbert | ) www.cnbc.com time to read: +14 min

Tuesday Caterpillar is set to report earnings before the bell, followed by a conference all with management at 8:30 a.m. What history shows: Caterpillar has reported a better-than-expected profit in each of the last eight earnings days, FactSet data shows. What history shows : FactSet data shows Airbnb has beaten analyst expectations in the last four quarters. What history shows: FactSet data shows Paramount has missed earnings expectations in two of the past four quarters. Block is set to report earnings after the close, with management set to hold a call at 5 p.m.

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