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☆ College jocks earn as much as $220,000 more than their less sporty peers over their career, study shows
▼ + stars: | 2023-10-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

College jocks actually become more successful and wealthy than their nerdy peers, a new study finds. Turns out, sporty students earn 3.4% more in their lifetimes and bring home $220,000 more in wages. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The study found that college athletes earned 3.4% more over their careers than non-athletic students and are likely to bring home $220,000 more in cumulative wages, the report said. College athletes were even more likely to be endorsed for management, leadership, and strategic planning skills on LinkedIn, per the study.

Persons: —, NBER, –, They're, Walter Robb, Brian Moynihan, Meg Whitman, Andy Jassy, Jassy, There's, there's Organizations: National Bureau of Economic Research, Ivy League, Service, College, LinkedIn, Stanford University's, Bank of America, Brown University, Hewlett, Packard, Princeton University

☆ Beware of these expensive stocks that analysts don't like
▼ + stars: | 2023-10-17 | by ( Brian Evans | ) www.cnbc.com time to read: +8 min

For context, the longer-term P/E ratio for the past 12 months of the S & P 500 is about 21 times trailing earnings. That compares to a five-year average P/E ratio of 19.87. The life insurer's 12-month trailing P/E ratio came in at 31.99, compared to its five-year average P/E ratio of 13.62. For context, the longer-term P/E ratio for the past 12 months of the S&P 500 is about 21 times trailing earnings. The life insurer's 12-month trailing P/E ratio came in at 31.99, compared to its five-year average P/E ratio of 13.62.

Persons: JPMorgan's Marko Kolanovic, David Vogt, Tyson Foods, Jefferies, Henry Schein, Michael Bloom, Darla Mercado, Angela Weiss, HSIC Henry Schein, MOH Organizations: Treasury, Federal Reserve, CNBC Pro, IBM, UBS, Premier U.S, Tyson, Prudential Financial, Jefferies, Prudential, CNBC, Hewlett Packard Enterprise, Molina Healthcare, Pinnacle West, Traders, New York Stock Exchange, AFP, Getty, Business Machines Corp, Healthcare, Progressive Corp, Pinnacle West Capital Corp, TSN Tyson Foods, Business Machines Corp IBM, Target Premier U.S, Tyson Foods Inc TSN, Prudential Financial Inc

"I just want to say how deeply saddened that we all are about the recent horrific attacks on Israel ... He warned that the war in Ukraine, compounded by the attacks on Israel, could have "far-reaching impacts on energy and food markets, global trade, and geopolitical relationships." On Friday, Citigroup CEO Jane Fraser included Israel in her opening remarks on the bank's earnings call. "Once someone ventures into the space of, 'who is the perpetrator and who is the victim,' you enter into the exposure of social media disinformation and risk," Kotok said. Some large companies including Apple (AAPL.O) and Walmart (WMT.N) had yet to issue statements, while some prominent personalities including NBA star LeBron James have spoken out.

Persons: JPMorgan Chase, Jamie Dimon, Albert Bourla, Jefferies, Michael Bloomberg, Goldman Sachs, Jane Fraser, Israel, Fraser, Larry Fink, David Kotok, Cumberland, Kotok, Antonio Neri, Andy Jassy, Sundar Pichai, Satya Nadella, LeBron James, Gigi Hadid, Lananh Nguyen, Aditya Soni, Stephen Nellis, Siddharth Cavale, David Gaffen, Arriana, Sayantani Ghosh, David Gregorio Our Organizations: JPMorgan, Pfizer, UBS, New York City, Bloomberg, Delta Air Lines, Citigroup, BlackRock, Cumberland Advisors, Hewlett Packard Enterprise, Amazon, Meta, Union, Google, Microsoft, Apple, Walmart, NBA, Thomson Locations: Israel, Ukraine, New York, Florida, Bengaluru

☆ ADL boss slams CEOs who stay silent after Hamas attacks
▼ + stars: | 2023-10-12 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Corporate bosses are under pressure to condemn the brutal attacks on Israeli civilians by Hamas. The ADL boss told CNN that many are reluctant to speak out because they "think it's too political." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Many corporate leaders have already condemned Hamas' attacks on civilians and the resulting violence. AdvertisementAdvertisement"Against this backdrop, I would think every corporate leader and every public person should be rushing to say something," he added.

Persons: Jonathan Greenblatt, —, Satya Nadella, Hewlett Packard, Antonio Neri, Greenblatt Organizations: ADL, CNN, Service, Defamation League, Hamas, Norwegian Refugee, LinkedIn, Microsoft Locations: Gaza, Israel, Hamas

☆ ADL leader slams corporation's response to terror attacks on Israel
▼ + stars: | 2023-10-11 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Anti-Defamation League CEO Jonathan Greenblatt slammed Corporate America’s response to the terror attacks on Israel as “disappointing at best, disastrous at worst.”“We have arguably the most vibrant commercial sector on the planet. Where were you when your Jewish employees needed you?” Greenblatt said of the CEOs. Greenblatt credited JPMorgan Chase CEO Jamie Dimon, Hewlett Packard Enterprise CEO Antonio Neri and other executives who condemned the terror attacks and pledged solidarity with the people of Israel. “In America, your Jewish employees are dealing with something that is qualitatively and quantitatively different than any time in living memory. “This is not just some far-off conflict – though that would be enough for CEOs to speak out,” Greenblatt said.

Persons: Jonathan Greenblatt, ” Greenblatt, “, George Floyd, Izzat, Greenblatt, Chase, Jamie Dimon, Antonio Neri, ” Dimon, ” Kathryn Wylde, Martin Luther King, Jr, ” Organizations: New, New York CNN, Defamation, CNN, ADL, Israeli Defense Forces, Hamas, Wednesday, Hewlett Packard Enterprise, US Chamber of Commerce, Business, “, World Trade, Partnership, Companies, Accenture, Adidas, Eagle, NASCAR, NBA, New York Locations: New York, Israel, Kfar Aza, Israeli, York, New York City, United States, France, United Kingdom

☆ CEOs Condemn Hamas’s Attack in Messages to Employees
▼ + stars: | 2023-10-09 | by ( ) www.wsj.com time to read: 1 min

Chief executives and other business leaders issued a flurry of internal memos and posts on social media to condemn the attack on Israel and offer support to employees. JPMorgan Chase CEO Jamie Dimon, in a note to staff in Israel, said that the bank’s employees there and those traveling in the region were safe as of Sunday. Antonio Neri, CEO of Hewlett Packard Enterprise, called the attack by Hamas “unjustified and inexcusable” in a post on LinkedIn, and said the company was working to support employees and their families in Israel. Technology giant Nvidia canceled an artificial-intelligence summit scheduled to be held Oct. 15 and 16 in Tel Aviv. "The situation is extremely dynamic and we have asked our employees in Israel to focus on the safety of their families,” a spokesman said.

Persons: JPMorgan Chase, Jamie Dimon, Antonio Neri, ” Organizations: JPMorgan, Hewlett Packard Enterprise, LinkedIn, Technology, Nvidia Locations: Israel, Tel Aviv

☆ Warren Buffett's Berkshire Hathaway has now cashed in $540 million of HP stock in under a month
▼ + stars: | 2023-10-03 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett's Berkshire Hathaway sold another $130 million of HP shares in three days. The investor's company has now cashed in about $540 million of the computing stock in under a month. AdvertisementAdvertisementWarren Buffett's Berkshire Hathaway jettisoned another $130 million worth of HP stock during the last three trading days, it revealed in a regulatory filing on Monday. Buffett's conglomerate owned nearly 121 million shares, or 12.3% of HP, before it began selling on September 11. Prior to last month, Buffett's company hadn't touched the holding since last April.

Persons: Warren, Berkshire Hathaway, —, hadn't, Bill Hewlett, David Packard, Buffett —, Buffett, haven't, Todd Combs, Ted Weschler Organizations: HP, Service, Vanguard, Berkshire, Hewlett, Packard, HP Inc, Apple, Bank of America, American Express Locations: Berkshire, Monday's, California, Bank

☆ The Rise and Fall of SBF
▼ + stars: | 2023-10-02 | by ( Andy Kessler | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Kim Strassel, Bill McGurn and Dan Henninger. Images: AP/AFP/Getty Images Composite: Mark KellyI first got to know author Michael Lewis, then of “Liar’s Poker” fame, when in the mid-1990s I took him around Silicon Valley in an old beat-up convertible. I told stories and showed him where the first integrated circuit and microprocessor were invented, plus Xerox Parc and its beanbag chairs, Hewlett Packard and Intel. As we drove around, I shared my history with entrepreneur Jim Clark, his time at Silicon Graphics and early days with Netscape, and of the venture capitalist Glenn Mueller, who committed suicide after being denied access to invest.

Persons: Kim Strassel, Bill McGurn, Dan Henninger, Mark Kelly, Michael Lewis, “, Hewlett, Jim Clark, Glenn Mueller Organizations: Getty, Xerox Parc, Hewlett Packard, Intel, Silicon Graphics, Netscape Locations: Silicon

☆ Beware HP shareholders, Warren Buffett may not just be doing some trimming
▼ + stars: | 2023-09-26 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The conglomerate sold 4.8 million HP shares for $129.2 million last week, it disclosed in a filing late Friday . It marks the second consecutive week that Berkshire has reduced its stake in the personal computer and printer maker. Still, Berkshire's remaining 110.7 million HP shares have a market value of almost $3 billion , making it HP's largest shareholder . HPQ YTD mountain HP In August, HP reported revenue in its fiscal third quarter that missed analysts' expectations. After Buffett's first sale was disclosed Sept. 13, some argued that Berkshire was "just doing a little trimming," of its HP stake, Bilson wrote.

Persons: Warren, Berkshire Hathaway, Buffett, Don Bilson, Gordon Haskett, Haskett, hasn't, HPQ, Buffett's, Bilson, we'd Organizations: HP Inc, Hewlett, Packard, HP, Berkshire Locations: Berkshire

☆ Her Packard Is a Work of Art That’s Hard to Park
▼ + stars: | 2023-09-15 | by ( A.J. Baime | Photographs Yasmin Yassin For The Wall Street Journal | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/lifestyle/cars/her-packard-is-a-work-of-art-thats-hard-to-park-43123015

Persons: Dow Jones

☆ We have a lot of work to do when it comes to ethical codes for AI: Hewlett Packard Enterprise CEO
▼ + stars: | 2023-09-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe have a lot of work to do when it comes to ethical codes for AI: Hewlett Packard Enterprise CEOAntonio Neri, CEO and president of Hewlett Packard Enterprise, discusses the development of ethical codes for artificial intelligence and business objectives, and says the public and private sectors have to "come together to solve these challenges."

Persons: Antonio Neri Organizations: Hewlett Packard Enterprise

☆ Berkshire sells some HP shares after taking big stake last year
▼ + stars: | 2023-09-14 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. Berkshire sold the shares this week for about $158 million, reducing its HP stake to about $3.27 billion, according to a filing with the U.S. Securities and Exchange Commission. Buffett's company now owns about 11.7% of HP's shares, down from 12.2% before the sales, SEC filings show. Wednesday's filing does not say why Berkshire sold shares. HP's share price has fallen 19% since Berkshire in April 2022 revealed an unexpected $4.2 billion stake in the Palo Alto, California-based company, which had been separated seven years earlier from the former Hewlett-Packard.

Persons: Warren Buffett, Scott Morgan, Warren Buffett's Berkshire Hathaway, Buffett, Jonathan Stempel, Lincoln Organizations: Berkshire Hathaway, REUTERS, HP, Berkshire, U.S . Securities, Exchange Commission, SEC, Hewlett, Packard, Companies, Forbes, Apple, Thomson Locations: Omaha , Nebraska, U.S, Palo Alto , California, China, Berkshire, New York

☆ One of the most successful VCs in cybersecurity, Ted Schlien, names 3 new trends to watch
▼ + stars: | 2023-09-07 | by ( Julie Bort | ) www.businessinsider.com time to read: +5 min

One of Kleiner Perkins longest-serving investors quietly launched a firm to specialize in security startups. Schlein sees three big new security markets, including an area he's "most scared about." That's partly because strong security startups tend to command higher-than-typical prices when acquired, Schlein says. Security startup trendsSchlein says he currently sees three big trends for next-gen cybersecurity startups. While at Kleiner, Schlein backed startup Apurio, and wrote a check at Ballistic for ArmorCode.

Persons: Kleiner Perkins, Ted Schlein, Schlein, It's, he's Organizations: Ballistic Ventures, Symantec, Security, Companies, Cequence, IT, Software, Hewlett, Packard, ArmorCode Locations: Kleiner

☆ Jimmy Buffett, legendary 'Margaritaville' singer, dies at 76
▼ + stars: | 2023-09-02 | by ( Henry Austin | Phil Helsel | ) www.cnbc.com time to read: +4 min

Jimmy Buffett of Jimmy Buffett and the Coral Reefer Band performs during the 2022 New Orleans & Jazz festival at Fair Grounds Race Course on May 08, 2022 in New Orleans, Louisiana. Jimmy Buffett, the singer-songwriter who drew millions of fans with his folksy tales of living and loving on tropical sandy beaches, frozen concoction in hand, died Friday night. But it was in Key West, Florida, in the 1970s that Buffett "found his true voice," according to his website. As time went on, Buffett also appeared on TV, movies and his work became a musical. There was also a Broadway show based on Buffett's music, " Jimmy Buffett's Escape to Margaritaville," which debuted in 2017.

Persons: Jimmy Buffett, Jimmy, Buffett, Hank Williams, Alan Jackson, —, Jerry Jeff Walker, margarita, Tom Selleck, Jimmy Buffett's, Joe Merchant, Jane Slagsvol, Cameron, — Christopher Cichiello Organizations: Reefer, Orleans & Jazz, Forbes, Alabama's Auburn University, University of Southern, Billboard Magazine, Key West, University of Miami, Men's, Associated Press Locations: Orleans, New Orleans , Louisiana, Pascagoula , Mississippi, University of Southern Mississippi, New Orleans, Nashville , Tennessee, Key West , Florida, South Florida, Margaritaville, Pitcairn, Savannah

☆ Dell shares hit record high after report, forecasts impress with AI in mix
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

The logo for Dell Technologies Inc. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan McDermid Acquire Licensing RightsSept 1 (Reuters) - Shares in Dell Technologies Inc (DELL.N) rose 22.2% and hit a record high on Friday after it raised full-year financial forecasts with boosts from artificial intelligence (AI) and stabilizing demand for computer hardware after a months-long slump. Dell, on track for its biggest ever daily percentage gain, is up more than 70% for the year-to-date. Servers and networking revenue rose 11% from the first quarter to $4.27 billion, driven by higher demand for AI-optimized servers, Dell said. At least 10 analysts raised their target prices for Dell's shares after the report with several including Credit Suisse and Evercore ISI citing its position to benefit from AI.

Persons: Brendan McDermid, Samik Chatterjee, Dell, JPMorgan's Chatterjee, Wells, Sinéad Carew, Lance Tupper Organizations: Dell Technologies Inc, New York Stock Exchange, REUTERS, Dell, CDW, Cisco Systems, Hewlett Packard Enterprises, Credit Suisse, ISI, JPMorgan, Thomson Locations: New York, U.S

☆ Stocks making the biggest moves premarket: Box, Insulet, HP and more
▼ + stars: | 2023-08-30 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

HPE posted adjusted earnings of 49 cents per share for its fiscal third quarter, 2 cents higher than a Refinitiv estimate. Insulet — Insulet jumped 4.4% after CEO James Hollingshead disclosed Tuesday buying 5,550 shares of the medical device maker. Box — The stock plunged 10.2% premarket after the California-based cloud storage company posted a mixed second-quarter report postmarket Tuesday. Box issued weak top- and bottom line financial guidance for the current quarter, and for full-year revenue, according to FactSet. HP posted $13.2 billion in revenue, below analysts' $13.37 billion, according to Refinitiv, while earnings per share matched expectations at 86 cents, excluding items.

Persons: HPE, Insulet — Insulet, James Hollingshead, Bernstein, PVH —, Calvin Klein, PVH, Refinitiv, —, Samantha Subin, Yun Li, Sarah Min Organizations: HSBC, Hewlett Packard Enterprise, FactSet . Texas, HP —, HP Locations: Germany, U.S, California, FactSet

☆ Customers are all very anxious to adopt AI technology, says HPE CEO Antonio Neri
▼ + stars: | 2023-08-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCustomers are all very anxious to adopt AI technology, says HPE CEO Antonio NeriHPE CEO Antonio Neri joins 'Squawk on the Street' to discuss the company's quarterly earnings results, what AI is doing for Hewlett Packard, and more.

Persons: Antonio Neri HPE, Antonio Neri, Hewlett Packard

☆ India says Dell, HP among 32 firms that applied to make laptops locally
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

A person looks at a Dell laptop for sale in a store in Manhattan, New York City, U.S., November 24, 2021. Prime Minister Narendra Modi's government is pushing to boost domestic manufacturing capacity under its "Make in India" initiative, with several global companies either setting up their own units or entering joint ventures with Indian firms. The applications by the electronics companies were made under the country's $2 billion production-linked incentive (PLI) programme for information technology hardware, announced in May, Information Technology Minister Ashwini Vaishnaw said. Earlier this month, India said it would impose a licensing requirement for imports of laptops, tablets and personal computers, which was widely seen as a move to boost local production. ($1 = 82.5855 Indian rupees)Reporting by Blassy Boben; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Narendra Modi's, Ashwini Vaishnaw, Blassy, Jonathan Oatis Organizations: REUTERS, DELHI, Information Technology, Hewlett Packard Enterprise Co, Dell Technologies, Asus, Lenovo, HK, Reuters, Thomson Locations: Manhattan , New York City, U.S, India

☆ HPE forecasts fourth-quarter revenue below estimates, shares fall
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

Signs for Hewlett Packard Enterprise Co., cover the facade of the New York Stock Exchange November 2, 2015. HP Enterprise expects current-quarter revenue between $7.2 billion and $7.5 billion, the mid-point of which was below analysts' expectations of $7.49 billion, according to Refinitiv data. Rival Arista Networks (ANET.N) forecast a robust quarterly revenue after delivering better-than-expected results, helped by higher demand for its cloud gear following AI push. On an adjusted basis, HPE earned 49 cents per share for the third quarter ended July 31, compared with expectations of 47 cents. The Spring, Texas-based company posted quarterly revenue of $7.0 billion, beating analysts' estimate of $6.99 billion, according to Refinitiv IBES data.

Persons: Brendan McDermid, HPE, Akshita Toshniwal, Shailesh Organizations: Hewlett Packard Enterprise Co, New York Stock, REUTERS, Hewlett Packard Enterprise, Wall, HP Enterprise, Arista Networks, HP, Dell Technologies, Nvidia, Thomson Locations: , Texas

☆ Morning Bid: Strikes, system failures and a slowdown
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +3 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 2, 2023. Workers at Toyota plants in Japan were idle, meanwhile, as a systems malfunction crippling component orders brought output to a standstill for the world's top automaker. That comes on the heels of tech woes at British air control on Monday that disrupted flights. FTSE futures suggest a positive return from a day's holiday in London, while U.S. and European futures were flat. Hong Kong's Hang Seng (.HSI) was up 2% by mid-session and mainland blue chips (.CSI300) were up 1.5%.

Persons: Tom Westbrook, Gina Raimondo, it's, Hewlett Packard, Sam Holmes Organizations: REUTERS, Staff, Workers, Chevron, Toyota, Japan's Nikkei, U.S . Commerce, Tourism Holdings, Reuters, Thomson Locations: Frankfurt, Germany, Australia, Japan, Asia, London, Beijing

☆ Investors should buy HP Enterprise and avoid the legacy side, says Joule Financial's Quint Tatro
▼ + stars: | 2023-08-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should buy HP Enterprise and avoid the legacy side, says Joule Financial's Quint TatroQuint Tatro, Joule Financial founder and president, joins 'The Exchange' to discuss PVH Brands signaling a value trap, why AI is a long term revenue driver for Hewlett Packard Enterprise, and key factors to watch for Ambarella's path to profitability,

Persons: Joule, Quint Tatro Quint Tatro Organizations: HP Enterprise, Joule Financial, Brands, Hewlett Packard Enterprise

☆ Stocks making the biggest moves after hours: HP, Box, Ambarella and more
▼ + stars: | 2023-08-29 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

However, the company posted adjusted earnings of 36 cents per share, beating analysts' estimates by 1 cent. Box also posted weak guidance on both lines for the current quarter and for full-year revenue, according to FactSet. HP posted $13.2 billion in revenue, missing the estimate from analysts polled by Refinitiv of $13.37 billion. PVH reported $1.98 in earnings per share, excluding items, on $2.21 billion in revenue, while analysts surveyed by Refinitiv forecast $1.76 per share and revenue at $2.19 billion. The company also reaffirmed its full-year revenue guidance and raised its outlook for earnings per share for the year.

Persons: Ambarella, Refinitiv, —, Calvin Klein, PVH Organizations: Hewlett, Packard, HP, Refinitiv, Hewlett Packard Enterprise Locations: New York

☆ HP dials back profit expectations on PC market slump, China weakness
▼ + stars: | 2023-08-29 | by ( Zaheer Kachwala | ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsAug 29 (Reuters) - HP Inc (HPQ.N) tempered expectations for annual profit on Tuesday, as it grapples with a more than a year-long slump in the personal computers segment and sluggish demand in key market China. Shares of the Palo Alto, California-based company fell 5.2% in after-market trading. HP now forecasts adjusted earnings per share to be in the range of $3.23 to $3.35 from earlier expectations of $3.30 to $3.50. However, a focus on controlling costs helped the PC maker report adjusted earnings per share of 86 cents, in line with analysts' estimates. The company remains on track to deliver 40% of its three-year cost savings target by the end of the fiscal year.

Persons: Brendan McDermid, Enrique Lores, Lores, Zaheer Kachwala, Krishna Chandra Organizations: Hewlett - Packard, New York Stock Exchange, REUTERS, HP Inc, Palo, HP, Thomson Locations: New York, U.S, China, Palo Alto , California, Bengaluru

☆ Here are 2 major themes to watch in the week ahead after Friday's market rally
▼ + stars: | 2023-08-26 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

As August is known to be, it's been a rough month-to-date for all three of those stock market benchmarks so far. This past week, the overall market was oversold, according to Jim Cramer's trusted S & P Oscillator. After Friday's strong finish, we'll see if the market's oversold condition abates as two major themes play out in the week ahead: Earnings from two Club names — Salesforce (CRM) and Broadcom (AVGO) — and key economic reports ahead of September's Fed meeting. Outside of the labor market and inflation, we'll also get a look at the housing market with the pending home sales on Wednesday. As we heard from fellow Club name Palo Alto Networks (PANW) last week, companies are growing more cautious and more closely scrutinizing large sales deals.

Persons: Jerome Powell's, Powell, it's, Jim Cramer's, Friday's, —, It's, we've, we'll, we're, Salesforce, AVGO, We're, Brown, Forman, Campbell Soup, LULU, Jim Cramer, Jim, Angela Weiss Organizations: Nasdaq, Federal, Nvidia, Dow Jones, Broadcom, Fed, Labor, Club, Palo Alto Networks, VMWare, HEICO Corporation, Bank of Montreal, BMO, Bank of Nova, Hewlett Packard Enterprise, HP, PVH Corp, Patterson Companies, Veeva Systems, UBS, Academy Sports, Hormel, Signet Jewelers, Dell Technologies, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: Jackson Hole , Wyoming, China, Bank of Nova Scotia, New York City

☆ Stocks are heading for a down August as market kicks off September with jobs report
▼ + stars: | 2023-08-25 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Regardless, the major averages are set to close a losing month as higher yields and Fitch downgrades weighed on equities this month. "Further cooling in the labor market and the services sector," said Brian Ellis, portfolio manager at Morgan Stanley Investment Management. The labor report will be preceded by the July personal consumption expenditures, or PCE, report on Thursday. In fact, many investors expect that the Federal Reserve is probably done hiking rates here as policymakers await the effects of higher rates on the real economy. Increasingly, investors are looking for opportunities in income as they deal with the possibility of higher rates for longer.

Persons: Jerome Powell, Jackson, Jay Hatfield, Fitch downgrades, nonfarm, Brian Ellis, Powell, Morgan, Ellis, Ben Kirby, that's, Thornburg's Kirby, Campbell Organizations: Federal, Nvidia, Nasdaq, Dow Jones, Capital Management, Dow Jones Industrial, FactSet, Morgan Stanley Investment Management, Federal Reserve, Thornburg Investment Management, Labor, Investors, Dallas Fed, Hewlett Packard Enterprise, HP, ADP, Costco, PCE, PCE Deflator, Chicago PMI, Dollar, Broadcom, Jobs, PMI, Manufacturing Locations: , Wyoming, U.S, cautiousness, Smucker, Chicago

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