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He made a New Year's resolution to lose weight so that he could become a more active dad. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I'm a tall person, at 6-foot-4, but it wasn't enough of an excuse to weigh between 330 and 340 pounds. In common with a lot of people, my New Year's resolution was to lose weight and get in shape.
Persons: Todd Baker, , Noah, Macy, I'm, I'd, Baker, he's, I've, it's Organizations: Service, Business Locations: Denver, Bahamas, Arapahoe
Within two months of ChatGPT's launch, the groundbreaking chatbot amassed 100 million users, wowing investors, consumers and Wall Street with its ability to compose human-like text and hold a conversation. A year later, Wall Street hasn't stopped obsessing over it. Megacap technology stocks also prospered amid the newfound investor focus on AI. MSFT 1Y mountain Microsoft shares over the last year Rounding out the megacap list, both Meta Platforms and Amazon have rallied more than 177% and 51%, respectively. Salesforce shares surged more than 9% during Thursday's session on the back of a stronger-than-expected quarterly print .
Persons: , hasn't, Alphabet, Mark Zuckerberg, Andy Jassy, Salesforce, Brent Thill, CNBC's, Snowflake's, ChatGPT, Brad Gerstner Organizations: Federal, Nvidia, Devices, Marvell Technology, Microsoft, OpenAI, Meta, Amazon, CNBC, Semiconductor, Oracle, Jefferies, Technologies Locations: Salesforce
HONG KONG (AP) — Asian shares declined on Friday even after Wall Street closed out its best month of the year with big gains in November. Thursday on Wall Street, the S&P 500 rose 0.4% to 4,567.80. Cloud-computing company Snowflake rose 7% after also giving Wall Street an encouraging financial forecast. Compared with a year ago, consumer prices rose 3% in October, below the 3.4% annual rate in September. That was the lowest year-over-year inflation rate in more than 2 1/2 years.
Persons: Brent, Hang Seng, Caixin, Korea’s Kospi, Australia’s, India’s Sensex, Dow Organizations: New York Mercantile Exchange, Nikkei, Nasdaq, Dow, Federal Reserve, Commerce Department, Labor Department, Fed, Treasury Locations: HONG KONG, Shanghai
All eyes are now on the personal consumption expenditure (PCE) index- the Fed's preferred inflation gauge- for October, due at 8:30 a.m. ET, which is expected to show inflation eased in the previous month. The PCE index is expected to rise 0.1% on a monthly basis in October, moderating from a 0.4% increase in September. Data cloud company Snowflake (SNOW.N) added 8.2% after it forecast fourth-quarter product revenue above Street estimates on artificial intelligence driven demand. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Caitlin Ochs, Russ Mould, AJ Bell, Jefferies, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Wall, Federal Reserve, Dow e, Ford Motor, Inc, Thomson Locations: New York City, U.S, Chicago, Bengaluru
Ford (F) issues slightly worse full-year guidance: $10 billion to $10.5 billion in adjusted earnings before interest and taxes (EBIT) and adjusted free cash flow of between $5 billion and $5.5 billion. Citi raises Club holding Costco (COST) price target to $585 per share from $530, citing an acceleration of November sales. Ford (F) issues slightly worse full-year guidance: $10 billion to $10.5 billion in adjusted earnings before interest and taxes (EBIT) and adjusted free cash flow of between $5 billion and $5.5 billion. Ford (F) issues slightly worse full-year guidance: $10 billion to $10.5 billion in adjusted earnings before interest and taxes (EBIT) and adjusted free cash flow of between $5 billion and $5.5 billion. Ford (F) issues slightly worse full-year guidance: $10 billion to $10.5 billion in adjusted earnings before interest and taxes (EBIT) and adjusted free cash flow of between $5 billion and $5.5 billion.
Persons: Marc Benioff, Einstein, Jeff Marks, Charles Munger, Warren Buffett's, Charlie, Peter Arduini, Jim Cramer's, Jim Cramer, Jim, Andrew Caballero, Reynolds Organizations: Nasdaq, Dow, UAW, General Motors, Citi, Club, Costco, Barclays, Company, NBA, GE Healthcare, Nvidia, Brands, Barrick, Jim Cramer's Charitable, CNBC, Economic Cooperation, APEC, AFP, Getty Locations: U.S, Asia, San Francisco , California
Snowflake — Snowflake shares rallied more than 4% after the cloud company posted stronger-than-expected quarterly results and an upbeat fourth-quarter product revenue forecast. The company posted adjusted earnings of 25 cents per share on $734 million in revenue. That topped the profit of 16 cents per share and revenue of $713 million expected by analysts polled by LSEG, formerly known as Refinitiv. Discover Financial — Shares jumped 4.7% after the digital banking company announced it was exploring the sale of its student loan portfolio. Victoria's Secret — The women's clothing retailer surged 15.9% after providing current-quarter guidance that was largely in line with analysts' expectations.
Persons: LSEG, Phillips, Elliott, Morgan Stanley, Nutanix, Synopsys, Ally, Baird, Petco, Wells, , Samantha Subin, Yun Li, Michelle Fox, Lisa Kailai Han, Sarah Min Organizations: Dow Jones, Revenue, LSEG, Discover, Elliott Investment Management, CNBC, Hewlett Packard Enterprise, Nvidia, Jefferies, Wolfe Research, Barclays Locations:
Check out the companies making headlines before the bell: Salesforce — Salesforce popped more than 9% after the cloud software company reported fiscal third-quarter earnings that beat analysts' expectations. Snowflake posted adjusted earnings of 25 cents per share on revenue of $734 million. It also issued first-quarter and full-year earnings guidance that also topped estimates. On Wednesday, the company announced a $10 billion share buyback, raised its dividend and reinstated its full-year guidance. Pure Storage — The data storage stock tumbled 14.5% in Thursday's premarket after offering a weak revenue outlook.
Persons: Salesforce, Nutanix, Snowflake, Morgan Stanley, Robinhood, James Heaney, Synopsys — Synopsys, FactSet, Goldman Sachs, — CNBC's Brian Evans, Michelle Fox, Alex Harring, Jesse Pound, Samantha Subin Organizations: LSEG, Hewlett Packard Enterprise, Nvidia, Jefferies, General Motors, Ford, Ford Motor, United Auto Workers Locations: U.K, Thursday's
Jefferies upgrades Pinterest and Snap to buy from hold Jefferies sees growth upside in 2024 for both stocks. " Wolfe upgrades Ally Financial to outperform from peer perform Wolfe said in its upgrade of the financial company that it's well-positioned. "In an environment where the probability of a mild recession or soft landing both appear plausible, we believe ALLY is well positioned to outperform in either scenario and upgrade shares to Outperform." "We continue to believe that Salesforce is on track to become the next quality [growth at a reasonable price] stock." Goldman Sachs reiterates Snowflake as buy Goldman Sachs stood by its buy rating on Snowflake after earnings on Wednesday.
Persons: Berenberg, Eli Lilly, Lilly, Wells, BTIG, Jefferies, Bernstein, Burger, Wolfe, TD Cowen downgrades Okta, Cowen, Stifel, Raymond James, Morgan Stanley, Bilibili, BILI, Baird, Pat Shanahan, Wells Fargo, Salesforce, Goldman Sachs, Snowflake, DUK Organizations: pharma, Nvidia, NVIDIA, Jefferies, SNAP, BK, UBS, Service Corporation, Deutsche Bank, Lattice Semiconductor, Apple, JPMorgan, Nokia, Infineon, Watch, Hewlett Packard Enterprise, Barclays, GE Healthcare, Airbus, Bank of America, Duke Energy, HSBC, Molson Coors Locations: FTCH, North America, China
While the Dow rose to 35,725.11 points, crossing its intraday high of 35,679.13 points hit in August, all three main indexes were on course for their strongest November since 2020. The S&P 500 (.SPX) and the tech-heavy Nasdaq (.IXIC) were also poised for their biggest monthly percentage gain since July 2022, on signs of cooling price pressures. The personal consumption expenditure (PCE) index - the Fed's preferred inflation gauge - showed inflation remained unchanged in October on a monthly basis, against economists' projections of a 0.1% increase. Core inflation, which excludes volatile food and energy prices, rose 0.2% on a monthly basis, in line with estimates. But most megacap stocks edged lower, with Tesla (TSLA.O) down 1.4% and leading declines, keeping the S&P 500 (.SPX) and Nasdaq (.SPX) under pressure.
Persons: Caitlin Ochs, Salesforce, Dow Jones, Dow, Anthony Saglimbene, Mary Daly, John Williams, Jefferies, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, Companies, Dow, Nasdaq, Reserve, U.S, Treasury, Fed, San Francisco Fed, Bank of New York, Dow Jones, Inc, NYSE, Thomson Locations: New York City, U.S, Troy , Michigan, Bengaluru
REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 29 (Reuters) - Snowflake (SNOW.N) forecast quarterly product revenue above estimates on Wednesday, as increasing adoption of artificial intelligence boosted demand for its data cloud offerings. Snowflake expects product revenue for the fourth quarter to be in the range of $716 million to $721 million, which is above analysts' average estimate of $700.3 million, according to data from LSEG. For the third quarter, the company's revenue rose 32% to $734.2 million, above estimates of $713.1 million. Product revenue, which is derived from the consumption of compute, storage, and data transfer resources, was above estimates at $698.5 million for the quarter ended Oct. 31. The company also raised its product revenue forecast for 2024 to $2.65 billion from $2.60 billion.
Persons: Brendan McDermid, Frank Slootman, Arsheeya, Maju Samuel Organizations: Snowflake Inc, New York Stock Exchange, REUTERS, LSEG, Gartner, Thomson Locations: New York, U.S, Bozeman , Montana, Bengaluru
Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2023 in New York City. U.S. stock futures opened higher on Wednesday night as all three major stock indexes prepared to wrap a winning November. S&P 500 and Nasdaq 100 futures climbed 0.07% and 0.10%, respectively. The tech-heavy Nasdaq Composite slipped 0.16% during the day, but is also roughly 0.7% away from its 2023 closing high. The S&P 500 is up 8.5% in November, while the Nasdaq has advanced nearly 11%.
Persons: Salesforce, Nutanix, Dow, Jay Woods, We've Organizations: New York Stock Exchange, Dow Jones, Nasdaq, Dow, Freedom Capital Markets, CNBC, Fed, Kroger, Federal Reserve Locations: New York City . U.S, Snowflake, Nutanix
Snowflake CEO Frank Slootman: Consumption models are incredibly equitable to customersSnowflake CEO Frank Slootman joins 'Mad Money' host Jim Cramer fresh off of earnings to talk large language models, revenue guidance, customer trends and more.
Persons: Snowflake, Frank Slootman, Jim Cramer Organizations: Snowflake
Salesforce — The software giant added 7% after releasing third-quarter adjusted earnings of $2.11 per share, higher than the $2.06 per share analysts polled by LSEG were expecting. The firm's third-quarter revenue of $8.72 billion fell in line with expectations. Snowflake — The stock rallied more than 7% after its third-quarter earnings beat analysts' expectations. Pure Storage — The data storage company lost 12%. Pure Storage anticipates fourth-quarter revenue will come in at $728 million, below the $918.7 million analysts had expected, according to FactSet.
Persons: LSEG, Nutanix, PVH Organizations: Arrowhead Pharmaceuticals
These are Wall Street’s favorite Warren Buffett stocks
  + stars: | 2023-11-26 | by ( Brian Evans | ) www.cnbc.com   time to read: +2 min
Berkshire Hathaway's stock portfolio is stuffed with companies that are also beloved by Wall Street analysts. E-commerce giant Amazon is the most recommended stock in the pool of candidates, with roughly 84% of analysts rating it a buy. Snowflake stock has climbed 18% so far in 2023, almost matching the S & P 500 return. SNOW YTD mountain Snowflake stock. Other stocks in the Berkshire portfolio that Wall Street also favors are Sirius parent Liberty Media and the country's second-largest oil major Chevron .
Persons: Warren Buffett, Warren, Tyler Radke, Michael Bloom Organizations: Wall Street, Berkshire Hathaway, Buffett, CNBC Pro, CNBC Berkshire Hathaway, Citigroup, Sirius, Liberty Media Locations: Berkshire, Chevron
(Treasury yields tend to move inversely to stock prices; as yields fall investors seeking better returns move money back into the stock market). The chipmaker once again came into its quarterly print with super-high expectations on the Street, but once again exceeded them . For this reason, we put more emphasis on monthly economic releases, such as the aforementioned personal spending report. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Dow, Estee Lauder, Einstein, Jim Cramer's, Jim Cramer, Jim, Locker, Jeff Greenberg Organizations: Nasdaq, Federal Reserve, Treasury, Nvidia, Apple, TJX, Bank of Nova, Elbit Systems, Intuit, Hewlett Packard Enterprise, Hormel, Kroger, KR, Academy Sports, TD Bank, Royal Bank of Canada, Dell Technologies, Bank of Montreal, BMO, Jim Cramer's Charitable, CNBC, Universal, Getty Locations: Bank of Nova Scotia, AMBA
Hong Kong CNN —Elsa, Anna, Olaf and Sven have a new home on a subtropical island in Asia. World of Frozen, Disney’s first-ever themed land dedicated to the “Frozen” media franchise, opened at Hong Kong Disneyland on November 20. Michael Moriarty, managing director of Hong Kong Disneyland, called World of Frozen “the most immersive attraction we’ve ever built.”Hong Kong Disneyland's World of Frozen includes a recreation of the Arendelle Palace and other key elements from the beloved film franchise. Courtesy DisneyHe added that the decision to bring World of Frozen to Hong Kong was influenced by the regional interest in the franchise and the unique natural elements of Lantau Island, where Hong Kong Disneyland is located. Visitors can get to Hong Kong Disneyland by car or via the orange line on Hong Kong’s MTR public transit system.
Persons: Hong Kong CNN — Elsa, Anna, Olaf, Sven, Disney’s, Prince Hans, , Bob Iger, Disney Imagineers, Elsa, Kristoff, , Michael Moriarty, ” Moriarty, Moriarty, Arendelle Organizations: Hong Kong CNN, Hong Kong Disneyland, Disney, Disney Parks, Kong’s Locations: Hong Kong, Asia, Hong, Norway, Arendelle, Olaf, Sunny
U.S. President Joe Biden delivers remarks on the White House initiative on climate change, at the White House in Washington, November 14, 2023. REUTERS/Tom Brenner Acquire Licensing RightsSAN FRANCISCO, Nov 14 (Reuters) - U.S. President Joe Biden on Tuesday attacked former President Donald Trump for using the word "vermin" to refer to his political enemies, saying it echoed the language of Nazi Germany. Biden said Trump's comments echoed language heard in Nazi Germany in the 1930's. "Trump also recently talked about quote, 'the blood of America is being poisoned'... Again, echoes the same phrases used in Nazi Germany." Steven Cheung, a Trump campaign spokesman, has previously rejected the comparisons to Nazis, Hitler and Italy's Mussolini.
Persons: Joe Biden, Tom Brenner, Donald Trump, Trump, Biden, Trump's, he's, autocrats, Steven Cheung, Hitler, Italy's Mussolini, Cheung, Trevor Hunnicutt, Nandita Bose, Raju Gopalakrishnan Organizations: White, REUTERS, FRANCISCO, Tuesday, Republican, Trump, Thomson Locations: Washington, Nazi Germany, New Hampshire, America, San Francisco
Palantir’s mythology is far too precious
  + stars: | 2023-11-13 | by ( Robert Cyran | ) www.reuters.com   time to read: +3 min
Yet Palantir’s top line is only expected to grow 16% this year, according to forecasts gathered by LSEG. There’s also a risk that Palantir’s ability to secure government contracts, which account for more than half its top line, will be restrained by its politics. For example, Palantir bought about $50 million of gold bars in 2021 to prepare for unpredictable “black swan” events. Also sitting on Palantir’s balance sheet are stakes in targets of special purpose acquisition companies, which it bought in exchange for purchase orders. It doesn’t take a wizard to see that in the eyes of investors Palantir is far too precious.
Persons: Peter Thiel, Alex Karp, “ Palantir, Palantir, Jeffrey Goldfarb, Aditya Sriwatsav Organizations: Reuters, Palantir Technologies, LSEG, Microsoft, Rubicon Technologies, Technologies, Thomson Locations: Snowflake, Israel, Health
Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally in Claremont, New Hampshire, U.S., November 11, 2023. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsNov 13 (Reuters) - U.S. President Joe Biden's 2024 re-election team on Monday said former President Donald Trump had embraced the language of Nazi German dictator Adolf Hitler by using the word "vermin" to refer to his political enemies. "Donald Trump thinks he can win by dividing our country. Steven Cheung, a Trump campaign spokesman, rejected the comparisons to Hitler and Italy's Mussolini. White House spokesperson Andrew Bates also said Trump's use of the word "vermin" echoed Hitler and Mussolini.
Persons: Donald Trump, Brian Snyder, Joe Biden's, Adolf Hitler, Trump, autocrats, Donald Trump parroted, Benito Mussolini –, Biden, Ammar Moussa, he’ll, Steven Cheung, Hitler, Italy's Mussolini, Cheung, Andrew Bates, Mussolini, Bates, Tim Naftali, Naftali, Nathan Layne, Howard Goller Organizations: REUTERS, Veterans, Trump, White, Republican, Columbia University's School of International and Public Affairs, Thomson Locations: Claremont , New Hampshire, U.S, Nazi German, New Hampshire, Wilton , Connecticut
Cramer's Lightning Round: Buy AutoZone
  + stars: | 2023-11-09 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon Broadcom's year-to-date stock performance. Stock Chart Icon Stock chart icon Snowflake's year-to-date stock performance. Stock Chart Icon Stock chart icon AutoZone's year-to-date stock performance. Stock Chart Icon Stock chart icon Novo Nordisk's year-to-date stock performance. Stock Chart Icon Stock chart icon Gogo's year-to-date stock performance.
Persons: I've, Lilly, you've, Jim Cramer's Organizations: Systems, New York Stock Exchange, Novo, Novo Nordisk, Nordisk Locations: Snowflake
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Gogo was a good COVID stock, it's not anymore, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Broadcom, Gogo, Aehr, Snowflake, Novo Nordisk and more.
Persons: Gogo, Jim Cramer Organizations: Broadcom, Gogo, Novo Nordisk Locations: Snowflake, Novo
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Market participants will parse commentary from Fed Board Governor Christopher Waller and New York Fed President John Williams later on Tuesday for more clues on the central bank's interest rate path. Among the 11 major S&P 500 sectors, energy (.SPNY) led declines tracking a 2% fall in crude prices on mixed economic data from China. Declining issues outnumbered advancers for a 2.30-to-1 ratio on the NYSE and for a 1.55-to-1 ratio on the Nasdaq. The S&P index recorded three new 52-week highs and no new low, while the Nasdaq recorded 12 new highs and 48 new lows.
Persons: Brendan McDermid, Dow Jones, Neel Kashkari, Austan Goolsbee, Sam Stovall, Christopher Waller, John Williams, Jerome Powell's, Stovall, Wall, advancers, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Federal Reserve Bank of Minneapolis, Chicago Fed, CFRA Research, Treasury, U.S, Fed, New York Fed, Dow Jones, Uber Technologies, Mongodb, NYSE, Thomson Locations: New York City, U.S, China, Bengaluru
Shares of cloud monitoring software firm Datadog surged nearly 30% in Tuesday trading after the company reported stronger-than-expected third-quarter earnings and full-year guidance. The company reported quarterly revenue of $547.5 million, up 25% year-over-year, topping estimates. Datadog reported adjusted earnings per share of 45 cents, better than the 34 cents that analysts expected. Datadog stock fell significantly in August after it revised its guidance down, citing continued reduction in cloud spending by companies. Datadog builds cloud monitoring and security products that work with Amazon Web Services, Google Cloud, and Microsoft Azure.
Persons: Olivier Pomel, Datadog, Pomel Organizations: Datadog, LSEG, Amazon Web Services, Google, Microsoft, Nasdaq Locations: San Francisco, Snowflake
Higher-for-longer interest rates are especially bad for growth stocks. For those keen on getting back into the growth corner of the market, CNBC Pro screened for stocks in the iShares Russell 1000 Growth ETF that have further upside. Despite its huge gains this year, it was given more upside by analysts — potentially 45.5% based on the average price target, according to FactSet. Other stocks that made the list include cloud companies Okta and Snowflake , with over 30% potential upside each. Fintech-related stocks such as PayPal and Block also showed up, as did many health-care and pharmaceutical stocks.
Persons: Stocks, Russell, It's, — CNBC's Michael Bloom Organizations: Nasdaq, U.S . Federal Reserve, Citi, CNBC Pro, Nvidia, PayPal Locations: Snowflake
CNBC's Jim Cramer examined enterprise software company Datadog 's Tuesday rally, saying the tech stocks' gains aren't over, and the company's success signals good news for peer stocks. "You had to believe in bowling, meaning the pin action that could come from hitting the front pin of the tech phalanx." Cramer said the stock's success also buoyed known partners like Meta , Shopify and ServiceNow , as well as tangential tech stocks. Cramer said this change in Datadog clients' habits could mean fewer problems for other tech and enterprise software companies. According to Cramer, today's tech rally indicates that last week's market gains won't be short-lived.
Persons: CNBC's Jim Cramer, Datadog, Cramer, Wall, I've Organizations: Meta
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