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☆ Morgan Stanley is bullish on this Chinese tech giant — giving it upside of nearly 20%
▼ + stars: | 2023-02-14 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

Chinese tech giant Tencent is ramping up its efforts to monetize its fast-growing short video function, and Morgan Stanley is bullish on that. Other key growth drivers Morgan Stanley said it believes global gaming will be another key growth driver for Tencent, though it will be a "much longer-term growth story." Another longer-term growth driver is Tencent's software-as-a-service products, namely Tencent Meeting, Tencent Docs and Tencent Cloud. "We believe it will take 2-3 more years for Tencent to reach breakeven in cloud businesses and for them to become a long-term growth driver," the bank said. Morgan Stanley has raised its price target on Tencent to 450 Hong Kong dollars ($57.30) from 420 Hong Kong dollars — an implied upside of about 20% to the stock's closing price on Feb. 13.

☆ Top Wall Street analysts like these stocks for the long haul
▼ + stars: | 2023-02-12 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Here are five stocks picked by Wall Street's top analysts, according to TipRanks, a service that ranks analysts based on their past performance. Costco recently reported better-than-anticipated net sales growth of 6.9% and comparable sales growth of 5.6% for the four weeks ended Jan. 29. Benedict's convictions can be trusted, given his 55th position out of more than 8,300 analysts in the TipRanks database. Amazon's first-quarter sales growth outlook of 4% to 8% reflects further deceleration compared with the 9% growth in the fourth quarter. Rakesh sees a "modest downside" to Wall Street's consensus expectation for the 2023 revenue growth for Amazon's retail business.

☆ A 29-year-old stock trader who returned 132% in 2022 and remained profitable for 4 straight years shares his top 6 tips for profiting no matter what the market conditions are
▼ + stars: | 2023-02-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

He'll also set a sell-stop order once a stock's price reaches his breakeven price to reduce risk. It was an impressive run considering the stock market had its worst year since 2008. "If you think this company is going to come out with a great earnings report while the stock price is slipping, you might be encouraged to hold on a little longer. 6 takeaway tips from Ryan's approach to tradingLearning how to lose is probably the most important trading tip, Ryan said. If a stock's price is plunging rapidly, the order may not get filled in time.

☆ More than half of Twitter’s top 1,000 advertisers stopped spending on platform, data show
▼ + stars: | 2023-02-10 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

Some 625 of the top 1,000 Twitter advertisers, including major brands such as Coca-Cola, Unilever, Jeep, Wells Fargo and Merck, had pulled their ad dollars as of January, according to estimates from Pathmatics, based on data running through January 25. As a result of the pullback, monthly revenue from Twitter’s top 1,000 advertisers plummeted by more than 60% from October through January 25, from around $127 million to just over $48 million, according to the data. After initially clashing with advertisers, Musk now appears to be trying to woo them back to the platform. Some advertisers also complained that the Twitter employees they previously worked with had been terminated by Musk, causing confusion. Even among the top advertisers that remain, many have dramatically reduced their ad spending on the platform, according to Pathmatics data.

☆ Canopy Growth sheds assets in Canada, plans more layoffs
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +1 min

Feb 9 (Reuters) - Canopy Growth Corp (WEED.TO) said on Thursday it would shed assets in Canada and reduce its workforce by about 60% as part of the pot producer’s efforts to reduce costs and turn profitable. U.S.-listed shares of Canopy tumbled nearly 9% in premarket trade after the company also reported a bigger quarterly loss. The company has been cutting costs through layoffs, exit from some international markets, store closures and divestiture of its retail business across Canada. Hong said the company expects to deliver at least quarterly breakeven adjusted EBITDA in its Canadian cannabis business in fiscal 2024. The Ontario-based company's adjusted core loss widened to C$87.5 million ($65.29 million) in the quarter ended Dec. 31, from C$67.4 million a year earlier.

☆ Billionaire Tesla bull Ron Baron promised multiples on $100 million Twitter investment
▼ + stars: | 2023-02-07 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Billionaire Ron Baron was promised he would make "two to three times" his money when he invested $100 million in Tesla CEO Elon Musk's take-private deal for Twitter, Baron said Tuesday on CNBC's "Squawk Box." Baron has long been bullish on Tesla, telling CNBC's Becky Quick that Musk made Baron "$5 billion so far, on a $400 million investment." In 2021, the billionaire investor told CNBC that he held almost 6 million Tesla shares through his investment firm, Baron Capital. Baron's $100 million Twitter investment was predicated on his longtime faith in Musk as an executive and in his marketing expertise. "Everyone else spends $1,000 to market a car, he spends nothing, because everyone knows Twitter."

☆ Billionaire Tesla bull Ron Baron says Musk suggested he would make multiples on his $100 million Twitter investment
▼ + stars: | 2023-02-07 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

Baron has long been bullish on Tesla, telling CNBC's Becky Quick that Musk made Baron "$5 billion so far, on a $400 million investment." In 2021, the investor told CNBC that he held almost 6 million Tesla shares through his investment firm, Baron Capital. Billionaire Ron Baron said Tuesday that Tesla CEO Elon Musk suggested he would make multiples in return for his $100 million investment in Musk's take-private deal for Twitter . Baron's $100 million Twitter investment was predicated on his longtime faith in Musk as an executive and in his marketing expertise, he said. Correction: Billionaire Ron Baron said Tuesday that Tesla CEO Elon Musk suggested Baron would make multiples in return for his $100 million investment in Musk's take-private deal for Twitter.

☆ Billionaire investor and Tesla bull Ron Baron poured $100 million into Elon Musk's Twitter takeover
▼ + stars: | 2023-02-07 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Billionaire investor Ron Baron has poured $100 million into Elon Musk's Twitter deal. The Tesla bull was promised to make "two to three times" his money, he told CNBC. Baron said the bet on Twitter was predicated by his faith in Musk's leadership abilities. "He's the best-known man in the world, I guess," Baron told CNBC. "We have made a lot of money with [Elon]," Baron told CNBC in early November, adding that Tesla holdings make up 40% of his Baron's Partners fund.

☆ Paying Twitter subscribers made up less than 0.2% of monthly users in the US 2 months after Elon Musk introduced Blue, report says
▼ + stars: | 2023-02-07 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

US Twitter subscribers made up less than 0.2% of monthly users in January, per The Information. This was two months after Elon Musk launched Twitter Blue, the platform's $8 blue tick feature. The publication cited documentation that implied Twitter has 290,000 global subscribers. The 180,000 Twitter subscribers in the US made up 62% of the platform's global subscriber count, indicating there were 290,000 subscribers around the world, per the report. Amid the chaos, Musk revamped Blue, Twitter's blue tick verification feature but the rollout came with various complications, including people impersonating notable accounts.

☆ Elon Musk says his last 3 months were 'extremely tough' because he had to 'save Twitter from bankruptcy'
▼ + stars: | 2023-02-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Elon Musk said Sunday he'd had an "extremely tough" three months. He said he'd had to "save Twitter from bankruptcy" while "fulfilling essential Tesla & SpaceX duties." Musk was responding to a report in The Wall Street Journal about his workload, health, and sleep. The billionaire tweeted Sunday that he'd had to "save Twitter from bankruptcy" while "fulfilling essential Tesla & SpaceX duties," adding: "Wouldn't wish that pain on anyone." Musk completed his $44 billion acquisition of Twitter in October, having tried for months to back out of the deal.

☆ Elon Musk says Twitter ‘trending to breakeven’ after near bankruptcy
▼ + stars: | 2023-02-05 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Elon Musk Twitter account displayed on a phone screen and Twitter logo displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on November 22, 2022. Twitter CEO Elon Musk said Sunday that the last few months have been "extremely tough," but the social media company is "now trending to breakeven." "Twitter still has challenges, but it is now trending to breakeven if we keep at it. Twitter launched — and relaunched — its updated Twitter Blue subscription service in December after Musk had pulled and delayed the service in November. "I'm worried about me too," Musk wrote in response.

☆ Goldman Sachs says these stocks have major upside following earnings
▼ + stars: | 2023-02-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs analysts said this week there is a slate of stocks coming out of earnings that are just too attractive to ignore. CNBC Pro combed through Goldman Sachs' research to find the firm's top ideas for companies exiting quarterly reports. They include Tractor Supply, Charter Communications , Exxon Mobil , General Motors and Caterpillar. Tractor Supply The farm supply retailer continues to impress, according to Goldman analyst Kate McShane. The firm came away even more positive on the name after Tractor Supply's robust late January earnings report.

☆ TomTom raises 2023 revenue outlook as automotive drives Q4 beat
▼ + stars: | 2023-02-03 | by ( Federica Mileo | ) www.reuters.com time to read: +1 min

Feb 3 (Reuters) - Dutch navigation and digital mapping company TomTom (TOM2.AS) raised its 2023 revenue forecast on Friday, after posting better-than-expected fourth-quarter revenue driven by strong automotive performance. After being hit by the global chip shortage that has disrupted the automotive and electronics industries, TomTom is now starting to benefit from the recovery in global car production. The Amsterdam-based firm, whose customers include Volkswagen (VOWG_p.DE) and Microsoft (MSFT.O), forecast revenue for the current fiscal year in a range of 540 million euros to 580 million euros ($588.33 million-$631.91 million), with free cash flow of between 0% and +5% of the revenue. The group had previously guided for a revenue of 500-550 million euros, with 425-475 million euros generated from its core location technology business, and free cash flow at breakeven. The company posted revenue of 139 million euros for the quarter ended Dec.31, beating company-compiled analysts' average forecast of 120 million euros.

☆ Peloton forecasts third-quarter revenue above expectations; cash burn slows
▼ + stars: | 2023-02-01 | by ( Priyamvada C | ) www.reuters.com time to read: +2 min

Shares of the fitness equipment maker were up 4% before the bell after it also reported a slowing cash burn on a string of cost-cutting measures. In response, the company had announced plans to sell its fitness equipment on e-commerce giant Amazon.com (AMZN.O) and at Dick's Sporting Goods Inc (DKS.N) stores. Peloton CEO Barry McCarthy, in a letter to investors, outlined goals of returning to revenue growth and reach cash flow breakeven on a sustained basis in his second year in the role. For the third quarter, Peloton forecast revenue between $690 million and $715 million, above expectations of $689.1 million, as per Refinitiv data. Cash burn fell to $94.4 million from $546.7 million.

☆ Jim Cramer's top 10 things to watch in the market Wednesday: Fed Day, AMD, Snap signal
▼ + stars: | 2023-02-01 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Fed Day: The central bank is expected to raise the interest rates by a quarter-point to the range of 4.50% to 4.75%. UBS downgrades Snap (SNAP) to hold from buy with an unchanged price target of $10, and says business is really soft. Club stock Humana (HUM) topped earnings estimates Wednesday morning with revenue in line, great guide. In its quarterly report Wednesday, the exercise equipment said subscription revenue better than hardware sales, noted significant outperformance for connected fitness. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Euro zone factories are likely over the worst - PMI
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +2 min

LONDON, Feb 1 (Reuters) - The downturn in euro zone manufacturing activity eased again last month suggesting the worst may be over, according to a survey which showed price pressures slackened and the fall in demand moderated, driving a surge in optimism. An index measuring new orders moved up closer to the breakeven mark and factories increased headcount at a faster pace. This was reflected in the future output index which jumped to 58.2 in January from 53.8, an 11-month high. That outperformance was despite sky-high energy costs and rising interest rates taking a heavy toll on the economy. Although the PMI's input prices index fell last month the index reflecting output prices rose slightly - but still remained firmly below levels seen over much of the past two years.

chartHeadline and core PCE annual inflation rates in December were 5.0% and 4.4%, respectively. Under Chair Ben Bernanke in January 2012, the Fed formalized its annual inflation target: 2% PCE annual rate. The Fed's inflation target for 25-30 years, therefore, has been core or headline PCE of 2%, informally or formally, unwritten or written, unofficially or officially. But many rate-cutting episodes since 1990 came with PCE inflation above 2%, in some cases substantially higher. - In September 2007 the Fed started easing policy to mitigate the U.S. housing crash and global credit crunch, with rates at 4.75%.

☆ Russia's $45 billion stash of Chinese yuan is helping Moscow weather massive plunge in energy revenues
▼ + stars: | 2023-01-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Russia has a $45 billion stash of Chinese yuan that could help it weather sanctions, per Bloomberg. Moscow has sought to deepen ties with Beijing amid a barrage of western sanctions. Selling its yuan reserves will help Russia cover its losses for the next three years, according to an analysis from Bloomberg Economics. Its flagship Urals crude blend is now trading around $50 a barrel – a third of what it was last year, Bloomberg reported. The measures have severe crimped Russia's oil revenue, which could spell trouble for the nation in the long-term, economists warn.

☆ Euro zone January business activity returns to growth - PMI
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +3 min

S&P Global's flash Composite Purchasing Managers' Index (PMI), seen as a good gauge of overall economic health, climbed to 50.2 this month from 49.3 in December. The PMI covering the bloc's dominant services index also surprised to the upside, coming in at a six-month high of 50.7. The manufacturing PMI rose to 48.8 this month from 47.8, ahead of the 48.5 Reuters poll forecast. An index measuring output which feeds into the composite PMI bounced to a seven-month high of 49.0 from 47.8. Like in the services PMI, the input prices index fell but firms raised their charges at a faster rate.

☆ Euro zone business activity back to growth in January -PMI
▼ + stars: | 2023-01-24 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

LONDON, Jan 24 (Reuters) - Euro zone business activity made a surprise return to modest growth in January, adding to signs the downturn in the bloc may not be as deep as feared and that the currency union may escape recession, a survey showed. S&P Global's flash Composite Purchasing Managers' Index (PMI), seen as a good gauge of overall economic health, climbed to 50.2 this month from 49.3 in December. In France, the bloc's second biggest economy, output fell slightly overall again in January, its PMI showed, but manufacturing activity improved for the first time since August. British private-sector economic activity, however, fell at its fastest rate in two years in January, another PMI showed, as businesses blamed higher Bank of England interest rates, strikes and weak consumer demand for the slowdown. IMPROVED SERVICESIn a sign they are growing more optimistic, firms in the euro zone increased headcount at a faster rate this month.

☆ Robert De Niro was almost my 50-50 partner in MoviePass — and he showed me the 'Raging Bull' boxing ring to try to seal the deal
▼ + stars: | 2023-01-23 | by ( Stacy Spikes | ) www.businessinsider.com time to read: +15 min

One night, I said to Marianne, "What if we made a Netflix for the movie theater industry? I tried to push my subscription idea, but it fell flat. I continued to tread water on my subscription idea, but things were slow going. One Saturday, a dear friend of ours named Peter called and asked how the movie subscription idea was coming. They're interested in buying both the Urbanworld Film Festival and the movie subscription company for one million dollars.

☆ Here are Monday's biggest analyst calls: Tesla, Meta, Qualcomm, Zoom, Apple, Costco, Wayfair & more
▼ + stars: | 2023-01-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest Wall Street calls: MKM downgrades Zoom to neutral from buy MKM said it sees growth stalling for the video-conferencing company. Baird adds Tractor Supply as a fresh pick Baird named Tractor Supply as a fresh pick, noting it sees upside to estimates. Barclays downgrades Warner Music to equal weight from overweight Barclays said the music company's financial performance is too volatile. Jefferies naming Caterpillar a top pick Jefferies said it sees upside to estimates for shares of Caterpillar. Barclays downgrades Tapestry to equal weight from overweight Barclays said it's concerned about a "negative promotional inflection" for Tapestry .

☆ Deliveroo achieves breakeven in second half
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +1 min

LONDON, Jan 19 (Reuters) - British meal delivery company Deliveroo (ROO.L) said it achieved breakeven in adjusted earnings in the second half, boosting its margin for the year to a better-than-expected -1%, and it expected continued improvement in 2023. Founder and chief executive Will Shu said Deliveroo had delivered "significant improvements in profitability whilst also still delivering growth in a difficult macroeconomic environment". The loss-making company, which pulled out of Australia and the Netherlands in 2022, had previously expected its earnings margin for the year to be between -1.2% and -1.5%. The company, which competes with Just Eat Takeaway (TKWY.AS) and Uber Eats, will report its 2022 results on March 16. ($1 = 0.8110 pounds)Reporting by Paul Sandle; Editing by Kate Holton and Sarah YoungOur Standards: The Thomson Reuters Trust Principles.

☆ Miners, energy firms drag FTSE 100 lower; Dr Martens hits record low
▼ + stars: | 2023-01-19 | by ( Johann M Cherian | ) www.reuters.com time to read: +2 min

SummarySummary Companies FTSE 100 sheds 0.6%, FTSE 250 off 1.0%Deliveroo achieves breakeven in second halfBoohoo's Christmas revenue drops 11%Dr Martens sinks to FTSE 250 bottom on annual profit warningJan 19 (Reuters) - UK's commodity-heavy FTSE 100 fell on Thursday, with energy firms and material stocks dragging the benchmark index lower, while shares of bootmaker Dr Martens slumped to a record low after its annual profit warning. The FTSE 100 (.FTSE) slid 0.6%, while the domestically-oriented FTSE 250 (.FTMC) shed 1.0%. Energy heavyweights Shell (SHEL.L) and BP (BP.L) fell below 1.7%, while industrial miners (.FTNMX551020) shed 1.8% as crude and copper prices declined after disappointing U.S. economic data and on worries about a hawkish Federal Reserve. Dr Martens (DOCS.L) sank 23.6%, after it warned of a lower annual profit and revenue due to operational issues at its new U.S. distribution centre. Reporting by Johann M Cherian in Bengaluru; Editing by Savio D'Souza and Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ A buzzy healthcare startup breaks down how it 'overextended' and is ditching its plans to build hundreds of clinics despite a $100 million investment from CVS
▼ + stars: | 2023-01-13 | by ( Rebecca Torrence | Blake Dodge | ) www.businessinsider.com time to read: +4 min

Carbon Health on Monday landed $100 million from CVS Health as digital-health funding slows. Its CEO, Eren Bali, said it took a valuation hit to get clean terms for its long-term success. In digital health's dismal funding market, Carbon Health just notched a big win. The startup, which operates clinics offering urgent and primary care, announced on Monday that it snagged $100 million in Series D funding from CVS Health Ventures. The pharmacy giant also said it would open Carbon Health clinics at some CVS Health locations.

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