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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCyclical stocks are the place to be if there's a soft landing, says Baird's Ross MayfieldRoss Mayfield, Baird investment strategy analyst, joins 'Squawk Box' to discuss the latest market trends, the strength of the consumer, the Fed's inflation fight, and more.
Persons: Baird's Ross Mayfield Ross Mayfield, Baird
Roth MKM downgrades ChargePoint to neutral from buy Roth said it's concerned about weak demand for charging equipment. UBS upgrades Pacific Biosciences to buy from neutral UBS said the biotech company has growth potential. Citi reiterates Microsoft as buy Citi said it's standing by its buy rating on the stock. Morgan Stanley upgrades Analog Devices to overweight from equal weight Morgan Stanley said the bottom is in sight for the semiconductor company. Truist initiates Dick's as buy Truist said in its initiation of the stock that it sees an attractive buying opportunity. "
Persons: Evercore, Roth, it's, CHPT, Wolfe, underperform Wolfe, RBLX, GitLab, Hubbell, Morgan Stanley, Carvana, Raymond James, Cava, Redburn, Piper Sandler, Piper, buybacks, Baird, Truist, Lululemon, Kimberly, Clark Organizations: EV, UBS, Pacific Biosciences, Citi, Microsoft, Barclays, JPMorgan, HSBC, UW, downgrades, Products, Nvidia, Coherus BioSciences, Goods, Zim Locations: ChargePoint, billings, 2Q24
Bank of America reiterates Roblox as buy Bank of America said the stock is becoming "more investable." Deutsche Bank initiates Wayfair as buy Deutsche said in its initiation of the stock that it's a "pure-play e-commerce leader." Deutsche Bank initiates DoorDash as buy Deutsche said in its initiation of the company that it has "superior unit economics." Bank of America initiates Gen Digital as buy Bank of America said it likes the cyber safety vendor. Goldman Sachs reiterates Amazon as buy Goldman said it sees an "underappreciated secular growth opportunity" for Amazon shares into next year. "
Persons: it's, Goldman Sachs, Goldman, 1QFY, Roblox, Price, Stifel, Baird, Catalent, 1HCY24, Piper Sandler, Piper, Philip Morris, Guggenheim, Wells, TD Cowen downgrades Organizations: UBS, Nvidia, Qs, Networks, Palo Alto Networks, 1QFY billings, billings, Bank of America, Products, Deutsche Bank, Deutsche, HSBC downgrades Altice, HSBC, Goodyear Tire, Goodyear, " Bank of America, ITT, of America, Aerospace & Defense, Digital, JPMorgan, Entertainment, Mizuho, Intel, AMD, Amazon, Citi, EV, TD Cowen downgrades Target Locations: HSBC downgrades Altice USA, China
Tom Blyth and Rachel Zegler star as Coriolanus Snow and Lucy Gray Baird in Lionsgate's "Hunger Games: The Ballad of Songbirds and Snakes." It's the mantra of the main character Coriolanus Snow in the upcoming "Hunger Games: The Ballad of Songbirds and Snakes" and the hope of its distributor Lionsgate . "There has always been a certain magic surrounding the Hunger Games franchise," said Paul Dergarabedian, senior media analyst at Comscore. It sheds light on what sparked his rise to become the tyrannical ruler seen in later Hunger Games stories. Each of the other four films in the Hunger Games franchise debuted with more than $100 million in ticket sales at the domestic box office.
Persons: Tom Blyth, Rachel Zegler, Coriolanus Snow, Lucy Gray Baird, Suzanne Collins, Katniss Everdeen, Shawn Robbins, Paul Dergarabedian Organizations: Lionsgate, Hunger Games, Hunger, BoxOffice.com, Disney, Marvel Studios, Panem Locations: Lionsgate's, United States
Residential houses can be seen along a road in a suburb of Auckland in New Zealand, June 24, 2017. REUTERS/David Gray/File Photo Acquire Licensing RightsWELLINGTON, Nov 16 (Reuters) - New Zealand house prices fell slightly in October but sales activity is showing a steady improvement on 2022, the Real Estate Institute of New Zealand (REINZ) said on Thursday. Seasonally adjusted median house prices fell 0.9% in October compared with September, and were down 2.8% from a year earlier, REINZ data showed. Seasonally adjusted national home sales volumes fell 10.7% from September but were up 4.0% from October 2022. “Many vendors and buyers are showing confidence that it’s a better time to sell now and a good time to buy,” she said.
Persons: David Gray, Jen Baird, , Lucy Craymer, Chris Reese Organizations: REUTERS, Rights, Real Estate Institute, New Zealand, REINZ, Thomson Locations: Auckland, New Zealand
Three Reasons to Take Social Security Early
  + stars: | 2023-11-14 | by ( Debbie Carlson | ) www.wsj.com   time to read: 1 min
One financial planner says he has had clients claim Social Security early to fund long-term-care insurance. Illustration: Kiersten EssenpreisConventional wisdom holds that retirees are financially better off delaying their Social Security benefits to get a fatter payout. You can receive your full benefit once you reach full retirement age—around 66 or 67, depending on what year you were born. You can also start as early as 62, but that means a much smaller payout. The math is complex on how big the haircut is, but it can be roughly 30% annually for people who start at 62, versus waiting for full retirement age to receive full benefits.
Persons: Tim Steffen, Baird Organizations: Social, Security Locations: Milwaukee
Traders work on the floor of the New York Stock exchange during morning trading on November 10, 2023 in New York City. U.S. stock futures ticked higher on Tuesday night. Dow Jones Industrial Average futures climbed 47 points, or 0.1%, while Nasdaq 100 futures also advanced 0.2%. "Even a small dip in mortgage rates was enough to provide that pop in mortgage application demand last week, and a fall in long rates spurs mortgage demand and keeps upward pressure on housing prices. I think that's why they, in theory, want to hold [rates] higher for longer," he said.
Persons: Joe Biden, Dow, Dow Jones, Ross Mayfield, Mayfield, CNBC's Chelsey Cox Organizations: New York Stock, Dow Jones Industrial, Nasdaq, Senate, Investors, Federal Reserve, Baird, Target, Traders Locations: New York City . U.S, U.S
Morgan Stanley downgrades Freyr Battery to equal weight from overweight Morgan Stanley said the battery maker faces "significant challenges." Barclays upgrades Fortrea to overweight from equal weight Barclays said in its upgrade of the health contract research company that it sees improved bookings. Barclays upgrades Mosaic and Nutrien to overweight from underweight Barclays upgraded several potash and aggriculture companies and said a compelling entry point. " Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's standing by its overweight rating on shares of Tesla . Barclays reiterates Disney as equal weight Barclays said it's having trouble finding upside for Disney shares.
Persons: Wells, Needham, Docebo, Morgan Stanley downgrades Freyr, Morgan Stanley, FREY, Andrew Stanleick, Bernstein, Redburn, Goldman Sachs, Goldman, it's, Baird, Kraft Heinz, Miguel Patricio, " Roth, Marvell, Roth, Tesla, laggards, Evercore, TD Cowen, Cowen, We've Organizations: Microsoft, TAM, Deutsche Bank, Deutsche, UBS, Barclays, Mosaic, NTR, ICL, OW, UW, JPMorgan, Apple, Nvidia, Aspen Technology, Kraft, Marvell Technology, Devices, Tesla, Adobe, Disney Locations: BeautyHealth, U.S
Everyone had resigned themselves to the fact that “The Hunger Games” ended in 2015. But Suzanne Collins’ Katniss Everdeen saga was over. And while the team was excited about the possibility of working together again, there were some nerves about whether or not there was an appetite for Hunger Games movies “without Katniss,” Lawrence told The Associated Press in a recent interview. And he felt like a star.”For Lucy Gray Baird, the District 12 tribute Snow is assigned to mentor for the 10th Hunger Games, Lawrence already had someone in mind. “Rather than seeing it as a pressure cooker just waiting to explode, I see it as a really big blessing.”Blyth, in his first starring role in Hollywood, felt some pressure.
Persons: , Jennifer Lawrence skyrocket, Suzanne Collins, Katniss, Collins, Francis Lawrence, Nina Jacobson, “ Mockingjay, Lawrence, Jacobson, Coriolanus Snow, ” Lawrence, they'd, ” Jacobson, , Viola Davis, Peter Dinklage, Jason Schwartzman, Snow, Donald Sutherland, Tom Blyth, He’s Juilliard, Lucy Gray Baird, Rachel Zegler ’, Maria, Steven Spielberg’s “, ” Zegler, ” Blyth, “ Suzanne, Trish Summerville, ColorForce, Barbie ’, ‘ Oppenheimer Organizations: Hunger, Associated Press, Lionsgate, 10th Hunger Locations: Hollywood, Germany
A 0.25 mg injection pen of Novo Nordisk's weight-loss drug Wegovy is shown in this photo illustration in Oslo, Norway, September 1, 2023. To be sure, the full results presented on Saturday at a major medical meeting gave analysts even more confidence in the heart protective benefits of the hugely popular drug. That lifted shares of Penumbra (PEN.N), which makes devices used in surgeries for stroke patients, 13% in morning trading. Its shares have tumbled about 28% as of last close since Novo in August said Wegovy had also shown a clear cardiovascular benefit. "The full detailed results ... do not shift our outlook that MedTech device stocks appear broadly oversold," said Leerink analyst Mike Kratky.
Persons: Victoria Klesty, Wegovy, Baird, Jeff Johnson, Eli Lilly's, Mike Kratky, Leroy Leo, Medha Singh, Sriraj Organizations: REUTERS, Novo, Devices, Abbott Laboratories, Thomson Locations: Oslo, Norway, Victoria, MedTech, Penumbra, Novo, Friday's, Bengaluru
Wall Street analysts can help investors identify stocks that have what it takes to thrive amid short-term headwinds — and that can offer attractive returns going forward. Here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Apple's overall revenue declined for the fourth consecutive quarter due to notable declines in iPad and Mac sales. Zelnick raised his price target from $380 to $395 and reiterated a buy rating on MSFT stock. Following the Q3 2023 print, Zelnick maintained a buy rating on NOW stock and increased the price target to $650 from $625.
Persons: Aly Song, Wall, Baird, William Power, Power, TipRanks, Goldman Sachs, Eric Sheridan, Sheridan, Brad Zelnick, Zelnick Organizations: Apple, Reuters Companies, Wall Street, Apple Tech, Apple's Services, Services, North America, Web Services, AWS, TipRanks, Microsoft, Deutsche Bank, Fortune, Software, U.S Locations: Shanghai, China, ServiceNow
Friday's early calls include an upgrade to a restaurant software stock and a big downgrade to a solar name. The bank downgraded Unity stock to neutral from outperform, also slashing its target price to $20 from $55. Analyst Doug Anmuth's updated price target of $510 could mean that there's still 17% room for the stock to go. Analyst Jonathan Block's price target of $70 signifies a 13% upside from the stock's Thursday closing price of $62.16. Koning has a price target of $18 per share, implying upside of nearly 30% over the next 12 months.
Persons: Baird, Tim Nollen, Lisa Kailai Han, Carlo Santarelli, — Lisa Kailai Han, JPMorgan downgrades, Drew Chamberlain, Doug Anmuth's, Anmuth, NFLX, Henry Schein, Jonathan, Freyr, BTIG, Gregory Lewis, FREY, Lewis, Stephens, Joshua Long . Long, Long, Portillo's, Mgmt, Chris Dendrinos, Dendrinos, Baird Baird, David Koning, Koning, — Fred Imbert, Julien Dumoulin, Smith, Fred Imbert Organizations: CNBC, Bank of America, Macquarie, Unity, Wynn Resorts, Deutsche Bank, JPMorgan, JPMorgan downgrades Enviva, Netflix, FR, European Union, RBC Capital, FTC Solar Bank of America, FTC Solar, FTC Locations: Macquarie, Unity, UAE, Boston, Norway, Portillo's, Thursday's
Wolfe reiterates Nvidia as outperform Wolfe said it's getting more bullish on the stock over the next several quarters. Wolfe downgrades Occidental Petroleum to peer perform from outperform Wolfe said shares of the oil company will be range bound. Bank of America downgrades FTC Solar to underperform from buy Bank of America said it was wrong about its prior buy rating on the solar stock. Bank of America downgrades CommScope to neutral from buy Bank of America trends are worsening for the tech company. Bank of America initiates Weatherford as buy Bank of America said in its initiation of the global energy company that it's seen a "remarkable turnaround."
Persons: Stephens, Henry Schein, Stifel, it's bullish, Wolfe, it's, Freyr, BTIG, FREY, William Blair, Wells, Baird, Weatherford, Girish Saligram, Gordon Haskett, Haskett, Morgan Stanley, Jefferies, Vera Organizations: Portillo's Inc, JPMorgan, Netflix, Citi, Body Works Citi, Nvidia, Wolfe Alpha, Occidental Petroleum, Bank of America, FTC, sel, RBC, EV Locations: Illumina, Occidental, Wells Fargo, Hawaii, 3Q23, U.S
[1/5] Footballers Ann-Katrin Berger, Jessica Carter, Bethany England and Stephanie Williams attend the world premiere of the movie "Hunger Games: The Ballad of Songbirds and Snakes", in BFI IMAX, London, Britain, November 9, 2023. REUTERS/Maja Smiejkowska Acquire Licensing RightsLONDON, Nov 9 (Reuters) - The stars of "The Hunger Games" prequel welcomed the end of a four-month long Hollywood actors strike on Thursday as they walked the red carpet at the film's world premiere in London. Like the other "The Hunger Games" films, "The Ballad of Songbirds and Snakes" is a Lionsgate movie, a studio which is not part of the AMPTP. In the film, Snow mentors and falls for Lucy Gray Baird, the female District 12 tribute during the 10th Hunger Games - a gladiatorial contest that pits the oppressed against each other, while the elite of the wealthy Capitol watch on. Like the other movies, the prequel is based on a novel by Suzanne Collins, released in 2020.
Persons: Ann, Katrin Berger, Jessica Carter, Bethany England, Stephanie Williams, Maja Smiejkowska, Jennifer Lawrence, Panem, Coriolanus Snow, Tom Blyth, Snow, Josh Andres Rivera, Sejanus, Lucy Gray Baird, Rachel Zegler, Lucy, Suzanne Collins, Hanna Rantala, Rosalba O'Brien Organizations: REUTERS, Hollywood, SAG, Reuters, Alliance, Television Producers, Lionsgate, Capitol, Thomson Locations: London, Britain
Voters in Ohio will decide on enshrining abortion rights in the state constitution, as well as legalizing recreational marijuana use. Will voters in Ohio back abortion rights? Even in deeply Republican states like Kansas, voters have overwhelmingly supported abortion access. Beyond abortion, the most watched initiative will be, again, in Ohio, where voters will decide whether cannabis should be legalized for recreational use. If voters agree, Ohio would become the 24th state to legalize marijuana.
Persons: Biden’s, Donald J, Trump, Biden, Glenn Youngkin, Youngkin, Daniel Cameron, Andy Beshear, Steve Beshear, Beshear, Roe, Wade, Frank LaRose, Thomas E, Dobbs, Jackson, Tate Reeves, Brandon Presley, Presley’s, Brett Favre, Reeves, I’ve, Mr, Presley, Elvis Presley, Elizabeth Warren of Organizations: New York Times, Democratic, Republican, State Senate, Republicans, , Supreme, Affordable, Mississippi Public Service Commission, Texans, Liberal Locations: Ohio, Ohio , Kentucky, Virginia , Mississippi, Siena, Virginia, Kentucky, Richmond, Kansas, Mississippi, Dobbs v, Nettleton, Elizabeth Warren of Massachusetts
Voters in Ohio will decide on enshrining abortion rights in the state constitution, as well as legalizing recreational marijuana use. Will voters in Ohio back abortion rights? Beyond abortion, the most watched initiative will be, again, in Ohio, where voters will decide whether cannabis should be legalized for recreational use. That could put pressure on Congress to move forward legislation at least to ease restrictions on interstate banking for legal cannabis businesses. Texans will also decide whether to raise the mandatory retirement age of state judges to 79, from 75.
Persons: Biden’s, Donald J, Trump, Biden, Glenn Youngkin, Youngkin, Daniel Cameron, Andy Beshear, Steve Beshear, Beshear, Roe, Wade, Frank LaRose, Thomas E, Dobbs, Jackson, Tate Reeves, Brandon Presley, Presley’s, Brett Favre, Reeves, I’ve, Mr, Presley, Elvis Presley, Elizabeth Warren of Organizations: New York Times, Democratic, Republican, State Senate, Republicans, , Supreme, Affordable, Mississippi Public Service Commission, Texans, Liberal Locations: Ohio, Ohio , Kentucky, Virginia , Mississippi, Siena, Virginia, Kentucky, Richmond, Kansas, Mississippi, Dobbs v, Nettleton, Elizabeth Warren of Massachusetts
CNN —“West Side Story” breakout Rachel Zegler is set to join the blockbuster “Hunger Games” franchise with the release of prequel “The Ballad of Songbirds and Snakes” on November 17. Fans have compared Zegler's dress with another key "Hunger Games" moment. Jorg Carstensen/dpa/APFans were quick to compare Zegler’s look with another famous “Hunger Games” frock. Jennifer Lawrence as Katniss Everdeen in "The Hunger Games: Catching Fire" (2013). From left: Tom Blyth, Rachel Zegler, Hunter Schafer and Josh Andres Rivera attend the premiere of "The Hunger Games: The Ballad of Songbirds & Snakes" in Berlin.
Persons: CNN —, Rachel Zegler, Zegler, Lucy Gray Baird, Katniss, Alexander McQueen, Jorg Carstensen, Suzanne Collins ’, Jennifer Lawrence, Katniss Everdeen, Sarah Slutsky, Tom Blyth, Hunter Schafer, Josh Andres Rivera, Gerald Matzka, Zegler’s, Schafer Organizations: CNN, AP, Lionsgate, Capitol Locations: Berlin
NFL football helmets are seen on display in Tampa, Florida, U.S., February 3, 2021. REUTERS/Eve Edelheit/File Photo Acquire Licensing RightsNov 6 (Reuters) - U.S. maker of football helmets and gear Riddell is exploring a sale, the company told Reuters, in a deal that could value it at around $800 million, people familiar with the matter said. Riddell was founded in 1929 by John T. Riddell who invented gear such as removable football cleats and plastic helmet shells. Fenway Partners acquired Riddell Sports Group in 2003 and combined it with Bell Sports in 2004. In 2014, Fenway again changed the company's name to BRG Sports for its core Bell, Riddell and Giro brands and sold its Easton baseball and softball business to Bauer Performance Sports.
Persons: Eve Edelheit, Riddell, Robert W, Baird, John T, Abigail Summerville, Rod Nickel Organizations: REUTERS, Reuters, National Football League, UBS Group, Co, Fenway Partners, Riddell Sports Group, Bell Sports, Easton Sports, Fenway, Sports, Bell, Giro, Easton, Bauer Performance Sports, Vista, Blackburn, BRG Sports, Marucci Sports, Fox Factory Holding, Thomson Locations: Tampa , Florida, U.S, Easton, Bell, New York
UBS lowered its rating on Albemarle to neutral from buy, slashing its price target by more than 40%. Analyst Matthew Hedberg initiated coverage of the data stock at an outperform rating with a $22 target price for shares. Hedberg's price target implies shares could climb 23.9% over the next year from Friday's close. In addition to the downgrade, analyst Jessica Reif Ehrlich slashed her price target on the stock to $9 from $32. Analyst Joshua Spector downgraded the stock to neutral from buy and slashed his price target to $140 from $253.
Persons: Ferrari, Matthew Hedberg, Hedberg, Alex Harring, Jason Bazinet, Bazinet, — Alex Harring, Jefferies, Brent Thill, Thill, Jessica Reif Ehrlich, Reif, Vivek Arya, Arya, Nicholas Campanella, Campanella, " Campanella, Banks, Goldman Sachs, Citi's Paul Lejuez, Baird, Mark Altschwager, Morgan Stanley, Edouard Aubin, Aubin, there's, Henning Cosman, Cosman, Joshua Spector, Spector Organizations: CNBC, UBS, Barclays, Bank of America, Nvidia, RBC, RBC Capital Markets, Citi, Disney, Jefferies, Paramount, Paramount Global, Dominion Energy, Dominion, Wall, JPMorgan, Ferrari, U.S, UBS downgrades Locations: Albemarle, Friday's, China, Birkenstock
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe compelling value of the muni market is starting to come through, says Baird's Duane McAllisterDuane McAllister, co-lead municipal sector and senior portfolio manager at Baird Funds, joins 'The Exchange' to discuss the state of the bond market, where the buying opportunities are, and more.
Persons: Baird's Duane McAllister Duane McAllister Organizations: Baird Funds
Match Group , the parent company of dating apps Tinder and Hinge, is trading at its lowest price since it spun out into a separate company from IAC in July 2020. Analysts expressed concern about lower fourth-quarter revenue projections and a falling number of people paying for Tinder. "Beyond the guide, we suspect a key area of scrutiny will be around trends in Tinder payers. This metric was down 6% y/ y in 3Q (in line with guidance) – but MTCH called out a ~200K sequential headwind in 4Q as weekly subscribers churn out of the system." Match also agreed to use Google's User Choice Billing by March 31, 2024, which will oblige Match to pay a cut of subscription fees to Google.
Persons: MTCH, Bumble Organizations: IAC, LSEG, Tinder, JPMorgan, Equity Research, Google, Deutsche Bank, CNBC PRO Locations: 4Q
CNBC Daily Open: A history-making three months for stocks
  + stars: | 2023-11-01 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
(Photo by DOUG KANTER / AFP) (Photo by DOUG KANTER/AFP via Getty Images) Doug Kanter | Afp | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. All three indexes declined for three consecutive months — the first time for the S&P and Dow since March 2020. Even the Magnificent Seven stocks that led most — if not all — the gains in the S&P this year have been struggling in October. But nothing lasts forever: Even cold November rain may wash away the bitter taste of the past three months.
Persons: Hurricane Floyd, Floyd, James Lee Witt, DOUG KANTER, Doug Kanter, they're, Ross Mayfield, Baird, Tesla Organizations: AMD, Federal Emergency Management Agency, AFP, Getty, Afp, CNBC, Dow Jones, Nasdaq, Dow, Investment, Federal, Nvidia, Microsoft, Amazon Locations: New York City, Hurricane, Wilmington , NC, North Carolina
Both Meta Platforms and Alphabet saw their shares caught up in a broad tech sell-off last week — but several analysts remain bullish. On Meta, concerns emerged last week following CFO Susan Li's comments on the advertising market in the fourth quarter. META YTD mountain Year-to-date share price movement in Meta Year-to-date, shares in Meta are up over 150% higher. Morgan Stanley views Meta as one of the companies best positioned to weather the volatility in the tech sector. We would be buying the pullback in Meta shares" in an Oct. 26 note.
Persons: Susan Li's, Dan Ives, CNBC's, He's, it's, Meta, Ives, Meta they're, pricings, Mark, Zuckerberg, Morgan Stanley, , Jonathan Vanian, Michael Bloom Organizations: Facebook, Meta, Wedbush Securities, Labs, JPMorgan, Baird Equity Research Locations: Meta
Baird downgrades ON Semiconductor to neutral from outperform Baird said it sees "pricing pressures" for the semiconductor maker. Morgan Stanley upgrades Chewy to overweight from equal weight Morgan Stanley said in its upgrade of the stock that share sell-off is overdone. " Morgan Stanley upgrades SoFi to equal weight from underweight Morgan Stanley said the risks to SoFi are more than priced in. Morgan Stanley initiates Celsius Holdings as equal weight Morgan Stanley said in its initiation of the stock that it sees a balanced risk/reward. Northcoast upgrades Boeing to buy from neutral Northcoast said in its upgrade of Boeing that it sees a "more promising long term earnings horizon."
Persons: Wells Fargo, Bernstein, Goldman Sachs, it's, Baird, Rowe Price, Tesla, Piper Sandler, Wells, Morgan Stanley, CHWY, Guggenheim, Tourmaline, AutoNation, Jefferies, underperform Jefferies, MoffettNathanson, D.A, Davidson, Northcoast, ABG, Wolfe, Phillips, PSX Organizations: Wells, MARA, Apple, Semiconductor, Citi, TROW, Deutsche Bank, Bank of America, of America, 4Q, Arista Networks, TAM, Lincoln Electric, Seaport, Guggenheim, JPMorgan, Susquehanna, WSM, D.A, Disney, Boeing, Boeing Company, Asbury Automotive Locations: Williams, Sonoma, CELH
Pinterest — Shares of the image-sharing social media platform soared 19% Tuesday, a day after the firm's third-quarter earnings report beat expectations for earnings and revenue. Pinterest also eased concerns over potential ad revenue loss due to the Israel-Hamas war, saying some of the advertisers that had initially paused spending have already returned. Caterpillar said in its earnings presentation that revenue in the fourth quarter would be just "slightly" above the same quarter a year prior. JetBlue lost 39 cents per share, excluding items, on $2.35 billion of revenue, while analysts polled by LSEG expected a loss of 25 cents per share on $2.38 billion of revenue. This was higher than the $1.58 in earnings per share on $1.48 billion in revenue that analysts had forecast, according to FactSet.
Persons: Pinterest, Busch, Jet Blue, LSEG, Wolfspeed, Chegg, Morgan Stanley, Baird, SoFi, Roku, MoffettNathanson, — CNBC's Pia Singh, Yun Li, Hakyung Kim, Lisa Kailai Han, Brian Evans, Jesse Pound Organizations: Anheuser, Busch, LSEG, Revenue, Caterpillar, JetBlue —, Jet, JetBlue, Spirit Airlines, Arista Networks, Arista, VF Corp, Vans, U.S, BP, ON, Asbury Automotive, JPMorgan Locations: Israel, LSEG, U.S
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