DIRS.INFO The most relevant business & tech news

☆ The managers of two of the best stock funds of 2022 told us about the 3 highest-conviction names in their portfolios
▼ + stars: | 2022-12-23 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Together, they run two of the highest-returning stock funds of 2022. BNY Mellon fund managers John Bailer and Brian Ferguson have done well at avoiding those sorts of traps. Bailer runs a dividend-focused stock fund that's returned 12% a year for investors over the last decade and earned a four-star rating, according to Morningstar. In a joint interview, Bailer and Ferguson told Insider about a couple of current favorites from across their portfolios. (3) Berkshire Hathaway (BRK.A)Warren Buffett is a legendary value investors himself, of course, and his Berkshire Hathaway conglomerate is a favorite for a lot of investors.

☆ How AI Is helping to reduce landfill waste
▼ + stars: | 2022-12-22 | by ( Sponsor Post | Created Ibm With Insider Studios | ) www.businessinsider.com time to read: +8 min

But circular economy models can provide smart examples and accessible starting points for how we can work toward avoiding a trashy future, so to speak. For an example of a perfect circular economy, look to nature. Waste management companies, in particular, have an opportunity to minimize landfill waste using artificial intelligence and automation technologies. Evaluating the potential of AI for waste sortingHera personnel analyze waste manually. "The experience with IBM Garage has allowed us to activate a particularly innovative solution in the field of waste collection, selection, and recovery," Zappoli said.

☆ Here's our November rapid-fire update on all 33 stocks in Cramer's Charitable trust portfolio
▼ + stars: | 2022-12-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. Estee Lauder (EL) — New Club members who want to start a position in the cosmetics giant could do so at these levels. We'd advise Club members do so the same, even if we still like the company's defensive nature. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

[1/7] U.S. President Joe Biden delivers keynote remarks at a U.S.-Africa Business forum at the 2022 U.S.-Africa Leaders Summit in Washington, U.S., December 14, 2022. "The United States is 'all in' on Africa's future," Biden told African leaders attending a three-day summit in Washington. Beijing has held its own high-level meetings with African leaders every three years for more than two decades. For their part, many African leaders reject the idea that they need to choose between the United States and China. "The fact that both countries have different levels of relations with African countries makes them equally important for Africa's development," Ethiopia's U.N. ambassador, Taye Atske Selassie Amde, told Reuters.

☆ These 10 Club holdings have been the biggest buyers of their own stocks
▼ + stars: | 2022-12-14 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +10 min

We then divided that by each company's average market capitalization throughout that same time period. These 10 stocks spent the most on buybacks in their latest full fiscal year relative to their average market capitalization over that same four-quarter period. Devon Energy's stock ended Tuesday at $61.98 per share, giving the company a market cap of $40.52 billion. As of Sept. 30, the company had $43.5 billion remaining on its $70 billion buyback program, which was authorized by the board in April. As of Sept. 30, Linde had $6 billion left on its $10 billion buyback authorization approved by its board in February.

We're selling 150 shares of Cisco Systems (CSCO) at roughly $49 each. In addition, we are selling 75 shares of Qualcomm (QCOM) at roughly $121 each. To be fair to Cisco, the quarter was a clean revenue and earnings-per-share beat, with a raise to the full-year outlook. 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.

☆ December tends to be a strong month for the market. Here's how our stocks have done recently
▼ + stars: | 2022-12-05 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

So thought we'd look at what the Santa Claus rally phenomenon is all about and which Club stocks have had the best and worth December track records in recent years. It's a seven-day stretch over which the S & P 500 has historically tended to climb. The entire month of December has actually proven to be a historically strong period for the stock market. Investors would surely welcome a strong December after a terrible 11 months for the stock market. The S & P 500 tanked more than 9% that December, which at the time was its worth monthly performance in nearly a decade.

The justices turned away Reston, Virginia-based cybersecurity company Centripetal's appeal of a lower court's decision to negate the award after the judge who presided over the trial disclosed that his wife owned Cisco stock worth $4,688. Centripetal sued Cisco in federal court in Virginia in 2018, accusing it of infringing patents related to Centripetal's network-security technology. The judge awarded Centripetal $1.9 billion in damages plus royalties that Cisco said increased the total to more than $2.7 billion. Morgan told the companies before issuing his ruling that his wife owned 100 shares of Cisco stock, though he was unaware of it during the trial. Centripetal told the Supreme Court that Morgan had complied with the law, and that selling the shares just before ruling for Cisco would "solve one appearance-of-impropriety problem by creating another."

☆ How we're thinking about our Club stock exposure to China following Covid protests
▼ + stars: | 2022-11-28 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Global stocks slumped Monday on growing concerns about intensifying protests across China over the communist government's strict Covid policies. Apple (AAPL) — Revenue from China : 17.7% (China is the iPhone maker's second-largest market, lagging just the U.S. at 37.5% of sales.) Disney (DIS) — Revenue from China: 4.8% Devon Energy (DVN) — Revenue from China: 0% Estee Lauder (EL) — Revenue from China: 29.7% (China is the cosmetic giant's largest sales market, followed by the U.S. at 19.8%, per FactSet.) Ford Motor (F) — Revenue from China: 4.6% Alphabet (GOOGL) — Revenue from China: 3.8% Halliburton (HAL) — Revenue from China: 1.6% Honeywell International (HON) — Revenue from China: 4.2% Humana (HUM) — Revenue from China: 0% Johnson & Johnson (JNJ) — Revenue from China: 3.1% Eli Lilly (LLY) — Revenue from China: 5.7% Linde (LIN) — Revenue from China: 8.1% Meta Platforms (META): Revenue from China: 2.6% Morgan Stanley (MS) — Revenue from China: 2.6% Microsoft (MSFT) — Revenue from China: 12.4% Nvidia (NVDA) — Revenue from China: 25.8% — keep in mind: Nvidia's revenue is not attributed to the country in which the consumer buys a product that contains one of the company's semiconductors. Procter & Gamble (PG) — Revenue from China: 13.7% (China is P & G's second-largest sales market, with the U.S. accounting for 45.5% of revenue).

☆ 5 Club stocks that did worse than the Nasdaq since year-ago record but are well-liked by analysts
▼ + stars: | 2022-11-23 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

It turns out the tech-heavy index peaked on Nov. 22, 2021, one session after its last closing record. Using the one-year anniversary of the Nasdaq's record , we wanted to see where Wall Street stands on the 13 Nasdaq-listed stocks in the Club portfolio. From here, though, 72.7% of the 44 analysts who cover the stock consider the stock a buy or buy equivalent. Facebook-parent Meta Platforms was the worst-performing Club stock in the Nasdaq since its 2021 peak. Conversely, the vast majority of analysts — 90.4% to be exact — have a buy or buy-equivalent rating on Microsoft shares.

☆ Zoom shares down 90% from peak as pandemic boom fades
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +2 min

Nov 22 (Reuters) - Shares of Zoom Video Communications Inc (ZM.O) have tumbled about 90% from their pandemic peak in October 2020 as the former investor darling struggles to adjust to a post-COVID world. The stock was down 9% in premarket trading on Tuesday after the company cut its annual sales forecast and posted its slowest quarterly growth, prompting at least six brokerages to cut their price targets. Reuters Graphics"Zoom has a fundamental flaw - it has needed to spend heavily to keep hold of market share. Spending to cling onto, rather than grow, market share is never a good place to be and was a sign of trouble ahead," Hargreaves Lansdown equity analyst Sophie Lund-Yates said. Competition from Microsoft's Teams and Salesforce's Slack has blunt its edgeReporting by Chavi Mehta and Aditya Soni in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ HP to cut about 12% jobs by end of fiscal 2025
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +2 min

Nov 22 (Reuters) - HP Inc (HPQ.N) said on Tuesday it expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12% of its global workforce, at a time when sales of personal computers and laptops are sliding as shoppers tighten budgets. The PC maker also forecast a lower-than-expected profit for the first quarter as it expects softness in both consumer and commercial demand. The company, which employs nearly 50,000 people, said it expects to reduce headcount between 4,000 and 6,000. HP forecast current-quarter profit between 70 cents and 80 cents. Reporting by Tiyashi Datta in Bengaluru; Editing by Sriraj Kalluvila and Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ What Cramer is watching Tuesday — Nasdaq tough year, seasonal oil strength, P&G looking good
▼ + stars: | 2022-11-22 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Citi lowers DVN price target by $2 pe share to $78; keeps buy rating. Piper Sandler cuts Club holding Amazon (AMZN) price target to $119 per share from $125. Honeywell (HON), also a Club stock, is an underappreciated tech franchise, JPMorgan says. Zoom Video (ZM) catches multiple price target cuts on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Zoom cuts annual revenue forecast on slow online business
▼ + stars: | 2022-11-21 | by ( Tiyashi Datta | ) www.reuters.com time to read: +2 min

Nov 21 (Reuters) - Zoom Video Communications Inc (ZM.O) on Monday lowered its annual revenue forecast, as the video-conferencing platform expects a hit from declining online business. Zoom chief financial officer Kelly Steckelberg said during a post-earnings call that the company's online business would decline nearly 8% during the year. The easing of pandemic-related restrictions across the world is also weighing on its business as people started spending less time online. Zoom now expects annual revenue to be between $4.37 billion and $4.38 billion, compared with an earlier outlook of $4.39 billion and $4.40 billion. On an adjusted basis, the pandemic winner earned $1.07 per share during the quarter, compared with estimates of 84 cents, according to Refinitiv data.

☆ Zoom cuts annual revenue forecast as video-conferencing service demand wanes
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +1 min

Nov 21 (Reuters) - Zoom Video Communications Inc (ZM.O) on Monday lowered its annual revenue forecast amid waning demand for the video conferencing platform as pandemic restrictions ease and competition amps up. After recording blistering growth during the pandemic, Zoom, which competes with WeChat Work, Microsoft Teams (MSFT.O), Cisco (CSCO.O) WebEx and Slack, is facing a slowdown as red-hot inflation is dampening the spending power of customers. Zoom now expects annual revenue to be between $4.37 billion and $4.38 billion, compared with an earlier outlook of $4.39 billion and $4.40 billion. The company, however, raised its annual adjusted profit per share to between $3.91 and $3.94, compared with $3.66 to $3.69 forecast earlier. On an adjusted basis, the company earned $1.07 per share during the quarter, compared with estimates of 84 cents per share, according to Refinitiv data.

☆ The week in review, the week ahead — Nov. 18, 2022
▼ + stars: | 2022-11-18 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

It certainly gave the market some pause in the back half of the week. Looking ahead, we remind members that markets will be closed on Thursday for Thanksgiving, and will close early at 1:00 p.m. Also Thursday, initial jobless claims for the week ending Nov. 12 came in at 222,000, a decrease of 4,000 from the prior week and below expectations of 228,000. Below are some other earnings reports and economic numbers to watch in the week ahead. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stocks making the biggest moves premarket: Macy's, BJ's Wholesale, Kohl's and others
▼ + stars: | 2022-11-17 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:Macy's (M) – Macy's stock leaped 9.6% in the premarket after the retailer reported better-than-expected profit and revenue. BJ's Wholesale (BJ) – BJ's added 2.4% in premarket trading after beating analyst forecasts on both the top and bottom lines for its latest quarter. The warehouse retailer also reported better-than-expected comparable store sales and raised its full-year forecast. Alibaba (BABA) – The China-based e-commerce giant reported better-than-expected earnings but revenue fell short of analyst forecasts. Norwegian Cruise Line (NCLH) – The cruise line operator's stock slid 5% in premarket trading after a double-downgrade from Credit Suisse to underperform from outperform, with the firm citing a number of factors including valuation.

☆ Here's our November rapid-fire update on the stocks in Cramer's Charitable Trust portfolio
▼ + stars: | 2022-11-17 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

We think the stock has been hurt by a recent update to the company's reserve quantity. While we're big fans of the company's recent corporate governance cleanup , and we expect some near-term selling pressure associated with those efforts. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) 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.

☆ What Cramer is watching Thursday — rates may go much higher, promising tech, and mixed retail
▼ + stars: | 2022-11-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Piper also likes Diamondback and Marathon , neutral on Club holding Coterra Energy (CTRA) and APA , formerly known at Apache. Multiple price target increases for Club holding TJX Companies (TJX). Canaccord starts Club holding Estee Lauder (EL) with a hold. Lowe's (LOW) price target raised to $253 per share from $248 at Piper, which liked the quarter. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Cisco raises full-year outlook; announces restructuring
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of U.S. networks giant Cisco Systems is seen in front of their headquarters in Issy-les-Moulineaux, near Paris, France August 6, 2022. REUTERS/Sarah Meyssonnier/File PhotoNov 16 (Reuters) - Cisco Systems Inc (CSCO.O) raised its full-year revenue and profit forecast amid easing supply chain hurdles and announced $600 million in severance and other charges related to a new restructuring, which could impact roughly 5% of its workforce. The company said the restructuring plan will begin in the second quarter of fiscal year 2023. The company will talk to its employees on Thursday about the restructuring plan, Chief Executive Chuck Robbins said in a post-earnings call. Cisco said it expects an annual revenue growth of 4.5% to 6.5%, and adjusted earnings between $3.51 and $3.58.

☆ Cisco deserves more love from investors as management lifts its full-year guidance
▼ + stars: | 2022-11-16 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Management also increased its earnings outlook for the full year, raising its range to $3.51 to $3.58 from $3.49 to $3.56. For the second quarter of fiscal 2023, management expects revenue to grow 4.5% to 6.5% year over year. Companywide results Total product revenue increased 8% year over year to $10.245 billion, beating estimates of $9.88 billion. End-to-end security (cybersecurity) revenue increased 9% year over year to $971 million, missing estimates of $1.014 billion. Total software revenue grew 5% year over year to $3.9 billion, with software subscription revenue up 11%, and 85% of software revenue subscription based.

☆ Cisco beats quarterly revenue estimates as supply chain constraints ease
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

Nov 16 (Reuters) - Cisco Systems Inc (CSCO.O) beat first-quarter revenue estimates on Wednesday, as easing supply chain constraints and a COVID-19 recovery in China helped meet demand for its broad networking products portfolio, sending the company's shares 5% higher in extended trading. Easing supply chain snags and Cisco's recent investments in cloud offerings and targeted price hikes have helped the company improve its business and attract customers amid an economic slowdown. Cisco forecast current-quarter revenue to grow between 4.5% and 6.5%, while expecting adjusted earnings between 84 cents and 86 cents per share. The company's revenue was $13.63 billion in the first quarter, above analysts' estimates of $13.31 billion, according to Refinitiv data. Excluding items, Cisco earned 86 cents per share.

☆ What slowdown? Fresh off earnings beat, Cisco CEO sees a lot of opportunity right now
▼ + stars: | 2022-11-16 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

And I think that they're going to continue to spend as much as they can," Robbins told Jim Cramer in an interview. Shares of Cisco rose about 4% in extended trading Robbins emphasized that the trajectory of tech development also plays in favor of Cisco's top line. "And then you look at 43% of our business coming from recurring [customers]," Robbins said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Chuck Robbins, CEO of Cisco, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019.

☆ What to expect when economic bellwether Cisco reports quarterly results
▼ + stars: | 2022-11-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Enterprise spending Demand from enterprise customers has been holding up this year, despite the challenging global economic backdrop. Transition from hardware to software Cisco's transformation to software subscription should be a long-term growth catalyst for the company. At the same time, a weaker global economy could hold back enterprise spending and dent Cisco's revenue. Cisco's stock has been punished this year, along with the rest of the tech sector, and is down 28.8% year-to-date. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ All eyes on the consumer ahead of Black Friday and the holidays
▼ + stars: | 2022-11-13 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

Beyond a slew of retail earnings reports, the government will report retail sales figures for October on Wednesday. But the most recent Consumer Price Index figures for October provided some relief for shoppers…and Wall Street. Consumer spending rose 1.4% during the third quarter, according to the government’s most recent gross domestic product (GDP) report. A report on housing starts and building permits data for October will come out towards the end of this week. When Home Depot reported its most recent earnings in August, it noted that customers didn’t make as many purchases as they did a year ago.

Search resuls for: "CSCO"

25 mentions found