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☆ The AI craze has sent some stocks soaring up to 300%. This list of over 74 stocks across 5 categories features the top picks from the sector's leading fund managers.
▼ + stars: | 2023-02-08 | by ( Laila Maidan | ) www.businessinsider.com time to read: +11 min

These 74 stocks are picked by AI ETF managers. What she believes is unique about her fund is its heavy focus on quantum computing technology, making up 41.22% of the fund. While big data is used for different technologies, it enables AI to work with massive data sets in its machine-learning process. TipRanks, a financial technology website that uses AI to analyze financial data, created a stock list for what they deem are the best AI stocks based on popularity. TipRanks' list of nine of the best AI stocks have large market caps and are likely to remain relevant for a long time.

☆ As Deal Making Picks Up, Tech Chiefs Worry About Software Integration
▼ + stars: | 2023-01-27 | by ( Angus Loten | ) www.wsj.com time to read: +6 min

That is a potentially costly process that can require overhauling existing enterprise tech stacks, or even hiring high-priced experts to manage new IT tools, analysts said. SHARE YOUR THOUGHTS How can tech executives smooth the integration of new digital tools when their vendors make acquisitions? Hewlett Packard Enterprise this month said it acquired Pachyderm and would integrate new software tools into its enterprise-tech platform. HPE this month said it acquired Pachyderm, a San Francisco-based software startup, and would integrate the new software tools into its enterprise-tech platform. “Our existing customer base will want to know they won’t be forced to replace an existing technology they already buy,” Mr. Hotard said.

☆ Tech Chiefs Fear ‘Frankenstein’ Software Integrations
▼ + stars: | 2023-01-25 | by ( Angus Loten | ) www.wsj.com time to read: +6 min

Microsoft Corp. this month said it plans to incorporate AI into all of its enterprise software, while boosting its multibillion-dollar investment in OpenAI, the startup behind chatbot ChatGPT. That is a potentially costly process that can require overhauling existing enterprise tech stacks, or even hiring high-priced experts to manage new IT tools, analysts said. Hewlett Packard Enterprise this month said it acquired Pachyderm and would integrate new software tools into its enterprise-tech platform. HPE this month said it acquired Pachyderm, a San Francisco-based software startup, and would integrate the new software tools into its enterprise-tech platform. “Our existing customer base will want to know they won’t be forced to replace an existing technology they already buy,” Mr. Hotard said.

☆ How the dollar's sharp reversal could be an unexpected positive for these companies
▼ + stars: | 2023-01-25 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

But with the dollar's stunning reversal since then, some companies should conversely start to catch a currency break and potentially see upside surprises. In the fourth quarter, because of the sophisticated hedging strategies from companies, they may not get the full benefit of the dollar's decline. Johnson & Johnson, for instance, said fourth quarter sales fell, in part because of the negative impact from currency translation. 3M said fourth quarter sales were 5% lower than they would have been were it not for the stronger dollar. Sacconaghi said the market has typically rewarded tech companies' "currency beats."

☆ HPE CEO: We're still significantly undervalued for the amount of profit and growth we're driving
▼ + stars: | 2023-01-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHPE CEO: We're still significantly undervalued for the amount of profit and growth we're drivingAntonio Neri, Hewlett Packard Enterprise CEO, joins 'Squawk Box' to discuss their biggest competitors, supply chain woes, labor market, and more.

People communicate with each other at the Congress Center for the World Economic Forum WEF Annual Meeting 2023 in Davos, Switzerland, Jan. 15, 2023. DAVOS, Switzerland – U.S. lawmakers quietly took part in a private ritzy lunch atop the World Economic Forum on Monday featuring dozens of influential business leaders, according to people with direct knowledge of the matter. Joe Manchin, D-W.Va., Chris Coons, D-Del., Kyrsten Sinema, I-Ariz. and a few members of the House of Representatives, these people explained. Coons, Manchin, Sinema and Kemp are among the U.S.-based officials scheduled to participate in panel sessions at this year's conference. These private events on the sidelines of the World Economic Forum often serve as meet-and-greets between CEOs, billionaires and government officials.

More than a decade later, those that heeded this advice went on to become game-changing tech behemoths, including CNBC Disruptor 50 companies Block , Pinterest , Slack, Twilio , and Cloudera. Seed rounds had a record deal value in 2022, and valuations continued to grow even as late-stage venture companies nearer to the public market suffered. Venture funds raised a record amount of money in 2022, with $162.8 billion closed across 769 funds, according to PitchBook and the NVCA. We've seen companies struggle as public companies and then skyrocket, so a lower value-IPO is not the end of the road." "But when you can generate new share in a difficult market, when the market does turn, they are in a perfect position to capture more market share and customers."

☆ Stocks making the biggest moves midday: Cognizant, American Airlines, Logitech and more
▼ + stars: | 2023-01-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Cognizant — Shares of Cognizant rose 8% after the IT company raised its fourth-quarter revenue guidance. American Airlines — Shares rose more than 7% after the airline boosted its revenue and profit estimates for the fourth quarter. Caterpillar — Shares rose 2.4%, notching a 52-week high, after JPMorgan added the manufacturer to its focus list, saying its margin upside potential is currently underappreciated. Bed Bath & Beyond — Bed Bath & Beyond rallied 18%, building on gains after a handful of meme stocks surged Wednesday. The stock surged almost 69% in Wednesday's session.

☆ Banks take No. 1 spot, tech loses a market crown: The 2023 Just 100 rankings
▼ + stars: | 2023-01-10 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

1 on the 2023 Just 100 list, and it's not alone among peers. On last year's list, the top four spots all went to tech companies. "Banks have been steadily improving their game and that's the standout," he said of this year's Just 100 list. 71, making the cut for the Just 100 list. This year's top 10 still included five tech companies: NVIDIA , Microsoft , Hewlett Packard Enterprise , Apple , and Intel .

☆ Stocks making the biggest moves premarket: Tesla, Nutanix, Meta and more
▼ + stars: | 2022-12-23 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:Tesla (TSLA) – Tesla CEO Elon Musk said he would refrain from selling any more Tesla stock for 18 to 24 months. Tesla gained 1.2% in the premarket. Nutanix (NTNX) – Nutanix tumbled 16.6% in the premarket following a report that Hewlett Packard Enterprise (HPE) has ended talks to acquire the cloud computing company. Meta Platforms (META) – Meta and users of its Facebook platform settled a privacy class action lawsuit, with Meta agreeing to pay $725 million. Oilfield services stocks – Halliburton (HAL) gained 1.4% in the premarket, with Schlumberger (SLB) up 1.3% and Baker Hughes (BKR) rising 1%.

☆ Stocks making the biggest moves midday: Mission Produce, Nutanix, Alphabet, Tesla and more
▼ + stars: | 2022-12-23 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Energy — Energy stocks outperformed on the S&P 500 following a rise in oil prices, which jumped Friday on expectations of a drop in Russian crude supply. Biogen — The biotech stock declined fell slightly after Biogen's Japanese partner Eisai said a third person has died during a trial of their experimental Alzheimer's treatment, confirming Reuters reports. Carnival , Norwegian Cruise Line — Cruise line operators declined as fears of a recession weighed on consumer discretionary stocks, which was one of three worst performers in the S&P 500. Shares of Carnival were down more than 4%, while Norwegian Cruise Line was down more than 2%. Mission Produce — Shares of the avocado producer dropped more than 14% after the company reported financial results for its most recent quarter.

☆ Rainwater Tech to list in New York via SPAC merger
▼ + stars: | 2022-12-22 | by ( David French | ) www.reuters.com time to read: +2 min

Led by Mike Nefkens, the former president of Hewlett Packard Enterprise Services, Rain Enhancement Technologies - to be known as Rainwater Tech - plans to commercialize a method known as ground-based ionization that makes clouds drop more rain. The merger values Rainwater Tech at $200 million, with dMY VI using the $241 million it raised through its initial public offering in October 2021 to capitalize the company. "This is not a technology which creates rain out of blue sky, but it is about maximizing the amount of rain when the conditions are right," Nefkens said. "We are seeing a rotation in investor sentiment from things which are nice to have towards things which we can't live without," said Niccolo de Masi, CEO of dMY VI. Reporting by David French in New York Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves premarket: Designer Brands, Lands' End, Salesforce and more
▼ + stars: | 2022-12-01 | by ( Peter Schacknow | ) www.cnbc.com time to read: +3 min

Dollar General (DG) – Dollar General slumped 6.1% in premarket trading after the discount retailer cut its annual forecast due to higher costs. Lands' End (LE) – The apparel retailer reported an unexpected quarterly loss. Salesforce (CRM) – Salesforce fell 7.4% in the premarket after the business software company announced that co-CEO Bret Taylor would be stepping down January 31, leaving Chairman Marc Benioff as the sole CEO. Five Below (FIVE) – Five Below rallied 9.3% in premarket trading in the wake of better than expected quarterly results. Splunk (SPLK) – Splunk staged an 8.1% premarket rally after the data management software company reported upbeat quarterly results and boosted its full-year forecast.

☆ Stocks making the biggest moves midday: Salesforce, Five Below, Okta, Costco and more
▼ + stars: | 2022-12-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Salesforce did report earnings and revenue that beat analyst expectations for the most recent quarter, however. Costco – Shares of retailer Costco shed nearly 6% after the company reported softer-than-expected sales figures for November that could signal a weak consumer heading into the holiday shopping season. The cloud data platform provider reported earnings that beat expectations but provided light revenue guidance, which sent the stock lower after-hours Wednesday. The company reported 29 cents of earnings per share on $645 million of revenue. The lingerie company reported earnings of 29 cents per share on revenue of $1.32 billion.

☆ More Cases, Policy Changes Are on the Horizon, DOJ’s New Fraud Section Chief Says
▼ + stars: | 2022-11-30 | by ( Dylan Tokar | ) www.wsj.com time to read: +4 min

The fraud section has at least two bribery-related settlements with corporations that it plans to finalize in the coming weeks, Mr. Leon said. Justice Department settlements typically require companies to undertake compliance reforms over a set period of time. A company’s chief executive and chief compliance officer will be required to sign at the end of that period the certification document, stating that the company’s compliance program is “reasonably designed to prevent and detect” future violations. A veteran of the fraud section, Mr. Leon previously served as a supervisor in its securities fraud unit beginning in 2011 and then briefly as its deputy chief before departing in early 2014. More policy changes are on the horizon, Mr. Leon said, including an update to the fraud section’s FCPA corporate enforcement policy.

☆ We've gained share in computing and networking, and are set up to perform in storage, says HPE CEO
▼ + stars: | 2022-11-30 | 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 EmailWe've gained share in computing and networking, and are set up to perform in storage, says HPE CEOAntonio Neri, Hewlett Packard Enterprise CEO, joins 'TechCheck' to discuss if the macroeconomy is less of a concern for him right now, how the company will look to position itself going forward and how he's working around getting stuck with inventory that's hard to move.

☆ Stocks making the biggest moves premarket: Hormel, Petco, CrowdStrike and more
▼ + stars: | 2022-11-30 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Earnings beat estimates, but sales came up short of Wall Street forecasts. Petco (WOOF) – Petco's adjusted quarterly earnings of 16 cents per share matched Street forecasts, but revenue was slightly above estimates. CrowdStrike (CRWD) – CrowdStrike plunged 17.6% in the premarket after the cybersecurity company's subscription numbers came in below analyst forecasts. NetApp (NTAP) – NetApp tumbled 10.9% in the premarket on a weaker than expected forecast from the cloud computing company, which reported better than expected quarterly earnings. Hewlett Packard Enterprise (HPE) – Hewlett Packard Enterprise added 1.9% in the premarket after the enterprise computing company reported record quarterly sales and issued strong revenue guidance.

☆ Stocks making the biggest moves midday: CrowdStrike, Horizon Therapeutics, Petco and more
▼ + stars: | 2022-11-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Otherwise, CrowdStrike beat estimates on the top and bottom lines in its most recent quarterly results. Petco — Shares of Petco jumped 12% after reporting third-quarter revenue that was slightly above Wall Street estimates. Workday — Shares of Workday jumped 12% after the company posted earnings results Tuesday that beat Wall Street expectations. Though earnings beat Wall Street estimates, revenue came up short. Biogen — Shares rose more than 3% after a new study on Biogen and Eisai's experimental Alzheimer's drug showed promising results.

REUTERS/Aly Song/File PhotoLONDON, Nov 29 - A look at the day ahead in U.S. and global markets from Mike Dolan. They also cheered a relaxation of regulations on developer fundraising that eases the smouldering property sector bust. A crackdown on demonstrations happened simultaneously, with Chinese authorities making inquiries into some protesters as police flooded the city's streets. Strikingly, hawkish Dutch central banker Klaus Knot also said forecasts of recession may be overdone and fears of "overtightening" policy were a "joke". His boss European Central Bank President Christine Lagarde said euro zone inflation, which is expected to ease this month but remain above 10%, has not yet peaked, encouraging speculation of another swingeing 75 basis point interest rate rise next month.

☆ Here’s how China’s COVID lockdown protests are sparking unrest across markets and rattling the global investing landscape.
▼ + stars: | 2022-11-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Today we're going over what the ongoing protests in China mean for markets and investors. While the protests in China have been largely peaceful, some protesters have been met with violence from the authorities. Anti-government protests have erupted from Shanghai to Beijing as citizens rise up in opposition of China's zero-COVID policies. "Markets don't like bad news, and protests are bad news," Laffer told me on a phone call yesterday. China protests over lockdown measures could mean inflation gets stuck at 4%, according to Mohamed El-Erian.

☆ Stock futures are flat after major averages slide on Covid unrest in China
▼ + stars: | 2022-11-28 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE), September 6, 2022. U.S. stock futures were flat on Monday night after the major averages came under pressure from Covid protests in China, and as investors anticipated more economic data and commentary from Federal Reserve leaders this week. Growing frustration in mainland China over the country's zero-Covid policy weighed on markets around the world. On Monday, West Texas Intermediate crude futures briefly fell to their lowest point since last December. Fed Chair Jerome Powell is scheduled to speak at the Hutchins Center on Fiscal and Monetary Policy at Brookings on Wednesday.

☆ Stocks finish higher as the Street awaits key inflation data next week
▼ + stars: | 2022-11-25 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

Stocks finished higher on this holiday-shortened trading week, with all the major U.S. averages posting gains. Under the hood, all sectors closed higher for the week, led by utilities, materials and financials. 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. The U.S. Federal Reserve, alongside global central banks, has been trying to get a handle on soaring inflation.

☆ The November jobs report and the Fed matter most to markets in the week ahead
▼ + stars: | 2022-11-25 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

November's jobs report is the big event for markets in the week ahead, and it could provide important insight into the path of Federal Reserve interest rate hikes. The labor market has cooled only slightly, as other parts of the economy have slowed. But the labor market has been more resilient than expected, challenging the Fed's efforts to tame inflation by slowing economic activity. Besides the jobs report, there is the Job Openings and Labor Turnover Survey (JOLTS) report Wednesday, as well as the Fed's beige book on economic activity. "Holding above 4,000, as we await the jobs report and those other economic reports would be constructive for one more move before Christmas," he said.

☆ Here are Friday's biggest analyst calls: Coinbase, Apple, Amazon, GM, Conagra, Pfizer & more
▼ + stars: | 2022-11-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Credit Suisse downgrades Hewlett Packard to neutral from outperform Credit Suisse said it sees too many macro headwinds for the stock. Credit Suisse names Ross a top pick Credit Suisse says the offprice retailer has the most "torque" to accelerate market share gains. "Strong 3Q updates from ROST /TJX reinforces our bullish thesis that Offpricers are quickly repositioning for accelerating market share and powerful EPS tailwinds as margins revert to pre-COVID levels starting in '23." Credit Suisse initiates Pfizer as outperform Credit Suisse said in its initiation of Pfizer that it likes the company's pipeline advances. " Credit Suisse initiates Eli Lilly as outperform Credit Suisse said in its initiation of Eli Lilly that it sees "upward revisions" from obesity sales.

☆ Cloud-Security Startup Lacework Taps New CFO as It Weighs IPO
▼ + stars: | 2022-11-17 | by ( Kristin Broughton | ) www.wsj.com time to read: +3 min

Cloud-security business Lacework Inc. on Thursday named a finance chief with public-company experience as the startup lays the groundwork for an eventual initial public offering. He has also held senior finance roles at technology companies ServiceNow Inc. and Hewlett Packard Enterprise Co. At Lacework, Mr. Casey succeeds Mike Staiger, who stepped down in June. Lacework has ample cash from last year’s fundraising round and likely won’t need more capital for at least a couple of years, Mr. Casey said. Additionally, Mr. Casey is helping Lacework adjust its pricing model, for instance by offering customers a wider range of functionalities and price points. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.

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