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The hikes also sweeten the potential total return for their stocks at a time when some Wall Street strategists are shining a light on that performance metric. That performance metric captures not just stock price moves but also gains from reinvested dividends. The difference between stock price performance and total return can be substantial, underscoring the benefits of reinvesting dividends. Consider that over the past 10 years, Linde's stock price has climbed 260%, according to FactSet. Eaton's stock price has climbed 321% over the past decade while its total return is 462%.
Persons: Savita Subramanian, Jim Cramer's, Eli Lilly, Linde, Stanley Black, Decker, Jim Cramer, Jim, Spencer Platt Organizations: Disney, TJX Companies, . Eaton Corp, Linde, DuPont de Nemours, Coterra, Procter, Gamble, Bank of America, Meta, Alto Networks, Bausch Health, Abbott Laboratories, Broadcom, Costco Wholesale, Ford Motor, Nvidia, Apple, Costco, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Cincinnati, New York City
Arun Prakash from Goldman's derivatives research team proposed an options trade focused on the Cboe Volatility Index , or "Vix," to hedge against a market selloff. .VIX 5Y mountain The Cboe Volatility Index has been trading at an unusually low level in 2024 so far. Generally speaking, a call option gives the holder the right to buy the underlying asset at the strike price, and serves as a bet that the asset will rise above the strike price. "Over the past 30+ years, VIX has averaged 19 in April, and we see upside risks to the current low VIX levels given current macro environment and upcoming macro/micro catalysts. If the Vix does not rise above the strike price before the options contract expires, the trader loses the premium paid for the contract.
Persons: Goldman Sachs, Arun Prakash, Prakash, hasn't, That's, Goldman, VIX, — CNBC's Michael Bloom Organizations: Reserve
NEW YORK (AP) — The new documentary “High & Low — John Galliano” covers all the complexities of the famous British designer, one of the most celebrated and controversial figures in the fashion industry. The Associated Press talked to Macdonald about Galliano’s rise and fall and why many friends and fans stayed loyal to him. How do we really know why someone said something? AP: Do you think Galliano feels remorse about his past comments and behavior? It feels like, “OK, I’ve got that off my chest now, now I can ... do what I’m really, really good at and express myself more personally again.”
Persons: John Galliano ”, Kevin Macdonald, Galliano, Anna Wintour, Naomi Campbell, Penelope Cruz, Kate Moss, Charlize Theron, Givenchy, Christian Dior, , Hitler, , Dior, Maison Margiela, Macdonald, MACDONALD, “ Alexander McQueen, there’s, , I’m, Maison, It’s, it’s, I’ve Organizations: Dior, Associated, Maison Margiela Locations: British, France, Paris
Two of the people we spoke with moved from New York City, one from London, and one from Seattle. Citadel's Miami office overlooks the Biscayne Bay and downtown Miami. Citadel and Citadel Securities also cover the cost of a weeklong visit to Miami for employees and significant others who are considering moving there. Cupjin Huang just started his job as a quant researcher for Citadel Securities this year. AdvertisementCupjin Huang, a quant researcher at Citadel Securities, in Miami with his dog Rufus.
Persons: , it's, Ken Griffin, Thoma Bravo, Goldman Sachs, Griffin, Lin, Manuel Miranda's, Hamilton, Maksim Solovjov, Miami doesn't, Rich Cummings, there's, Liz Boyhan, Cupjin Huang, Huang, Rufus, Pitbull, that's, Cummings, Solovjov, It's, you'll, Alexander Spatari, Inrix, she's, haven't, Fortune, he's, Boyhan, I've, fiancé Organizations: Service, Southeast Financial Center, Citadel Securities, Business, Bloomberg, Citadel, Citadel Citadel, Miami Dolphins, Miami, Prix, Citadel's, Downtown, Alibaba, BI, Key, New, New York City, Transportation, Fairchild, Botanic, Miami - Dade, Miami Beach, Google, UBS Locations: Miami, Biscayne Bay, Fisher, South Beach, York, Wall, New York, United States, New York City, London, Seattle, Magic, Bay, Florida, Downtown Miami, Brickell, Chihuahua, Hawaii, , Orlando, Los Angeles, Coral Gables, Fairchild, Italian, Tua, Solovjov, Manhattan
The fund made headlines for returning 4,144% amid the 2020 stock market crash, an example of a so-called black-swan event. And when the market moves one way, we think that's going to happen forever." Spitznagel's main don'ts to mom-and-pop investors are; don't chase the market, don't time the market, don't place too much confidence in its current direction, and don't make decisions based on short-term Fed moves. Instead, build a portfolio that's positioned so that if the market goes down by 50%, you won't be squeezed. And if the market is up 50%, don't be the sucker that's going to buy up there", Spitznagel said.
Persons: Mark Spitznagel, Spitznagel, Ray Dalio, We're Organizations: Universa Investments, Business
Chris Blondell, an SEO strategist, turned down a high-paying job that required him to be in office. Blondell later found another job that offered both benefits and the flexibility to work from anywhere. All of my work is done behind a computer, so the transition from office to kitchen table wasn't difficult. However, the job description stated that the position required me to be in the office five days a week. More than that, my coworkers are polite and respectful, and I have the flexibility to work in the office or at home.
Persons: Chris Blondell, Blondell, , would've, I've, I'm Organizations: Service Locations: Philadelphia
I ended up loading all the luggage I had – and he had a bunch of boxes,” Butler said of Nauta. But I also have a bad feeling that what I’m saying is getting him into trouble,” Butler told CNN. Given his long history at Trump’s club, Butler shed light on potentially critical instances related to the disclosure of classified information. De Oliveira hung up the phone, happily, and told Butler that Trump would provide him an attorney, Butler says. I think we went to sit down,” Butler told CNN.
Persons: Kaitlan Collins, CNN —, Donald Trump’s, Brian Butler, , Jack Smith, Butler, Trump, Walt Nauta, Carlos De Oliveira, Lago, Donald Trump, CNN Butler, Nauta, De Oliveira, didn’t, , ” Butler, Department’s, he’s, John Irving, Florida Butler, MAGA, Trump’s, , I’m, De Oliveria, Brian Butler's, Jeffrey Sloman, De Oliveira nudging, Anthony Pratt, Pratt, there’s, There’s De Oliveira, Melania Trump, putts De Oliveira, Taylor Swift, De, “ Carlos, pats, Butler “, Carlos, ‘ He’s, ’ ” Butler Organizations: CNN, “ Trump, Trump, Mar, Justice Department, West Palm Beach, Palm Beach, CNN The Florida, FBI, Southern, Southern District of, Smith’s, Prosecutors Locations: Mar, Palm Beach , Florida, Trump, New Jersey, Nauta, Palm Beach, Lago, West Palm, Florida, Palm, South Florida, Southern District, Southern District of Florida, Russian, Butler
ASHTABULA, Ohio (AP) — Two Ohio women have been accused of driving the body of a deceased 80-year-old man to a bank to withdraw money from his account before dropping his body off at a hospital. Police said they were called Monday evening and told that two women had dropped off a body at the Ashtabula County Medical Center emergency room without identifying the person or themselves. A few hours later, one of them contacted the hospital with information on the deceased, who was then identified as 80-year-old Douglas Layman of Ashtabula. A message was sent to the county public defender's office seeking comment if the office was defending one or both. The coroner's office said an autopsy to determine the cause of Layman's death could take up to eight months.
Persons: Karen Casbohm, Loreen Bea Feralo, Douglas Layman, Layman, , , Robert Stell, Stell, Mike Palinkas, WEWS, Palinkas, ” Palinkas, Casbohm, Feralo Organizations: Ashtabula Municipal, Police, Medical Center, Ashtabula Police Locations: ASHTABULA, Ohio, Ashtabula
TULTEPEC, Mexico (AP) — Every year, in the first week of March, hundreds of giant paper-mache bulls stuffed with fireworks are erected in the front yards of the Mexican town of Tultepec. Unlike past occasions, the nighttime lighting of the bulls didn’t take place in the streets of Tultepec, but rather in an open field nearby. One of the best-known workshops is the family-run business, Los Chavitos, which has been producing cardboard figures for fireworks for 15 years. Their figures range from very small bulls to giant ones, to figures of saints and imaginary animals known as alebrijes. The shop also produces “Judas” figures of villains and politicians that are traditionally burned during Easter Week in Mexico.
Persons: nipped, John of God, , Tultepec, ” Francisco Cortes Urbán, Cortes, St, John, Organizations: Locations: TULTEPEC, Mexico, Tultepec, Pamplona, Spain, St, Mexico City
The magnitude of Nvidia's run is simply mind boggling, with the stock adding $1 trillion in market value in about two months. Trying to short this parabolic stock is what we used to call in the trading pits of Chicago, a "widowmaker." However, I believe that once Nvidia (NVDA) hits $1,000 it might actually be due to take a breather. Overbought territory Typically, an investor will buy a put if they think a stock is overbought or are concerned it will fall. That being said, Nvidia was trading at the same RSI level of 86 in early February while trading at $693, nearly $300 ago.
Persons: NVDA, Long Organizations: Nvidia, Apple, Microsoft Locations: Chicago, Downside
That was a far steeper decline than the overall venture funding market, which declined 38% in 2023, the report said. (The report was based on data from Crunchbase, which Alignment Growth is an investor in.) Investors have been flocking to AI, live entertainment, and sports. Sports M&A nearly tripled in three years to $27.9 billion in 2023, driven by deals for team franchises, the Alignment Growth report showed. High ticket prices for live entertainment could dampen attendance, especially if consumer confidence takes a hit.
Persons: Wade Holden, Anthony Jasenski, CBRE's, Jasenski, haven't, IATSE, Alex Iosilevich, Schlogel, Craig Thompson Organizations: Venture, Business, Disney, Warner Bros, Global, P Global Market Intelligence, Blackstone, Bain Capital Real, Deloitte, Teamsters, Hollywood, Investors, Sports, Atwater, Mindspring Capital Locations: Hollywood, Crunchbase, Americas, OpenAI
Morgan Stanley cut its price target on Tesla after trimming its profitability forecasts. The analyst has a price target of $500, which implies upside of more than 20% over the next 12 months. — Hakyung Kim 6:51 a.m.: JPMorgan raises CrowdStrike price target after earnings beat CrowdStrike is managing to grow quickly while delivering strong results, says JPMorgan. The bank upgraded the retailer to buy from hold, increasing its price target to $195 from $140. — Fred Imbert 5:40 a.m.: Morgan Stanley cuts Tesla price target 2024 will be for electric vehicles, said Morgan Stanley's Adam Jonas, who warns that Tesla could lose money this year.
Persons: Morgan Stanley, Wells, Andrew Nowinski, MongoDB, Hakyung Kim, CrowdStrike, Brian Essex, Essex, — Hakyung Kim, UnitedHealth, Andrew Mok, Mok, Berenberg, Philip Buller, Buller, Bob Jian Huang, Huang, Daniela Bretthauer, Krisztina Katai, — Fred Imbert, Morgan Stanley's Adam Jonas, Tesla, Jonas Organizations: CNBC, HSBC, Target, JPMorgan, Barclays, Medicare, Honeywell, Berenberg, Morgan Stanley Insurance, Progressive, Target . Deutsche Bank Locations: Andrew Mok ., Honeywell's, U.S, Tuesday's
North Carolina Sets Up Combative Race for Governor
  + stars: | 2024-03-05 | by ( Susan Milligan | March | At P.M. | ) www.usnews.com   time to read: +3 min
North Carolina voters Tuesday set up a historic – and likely combative and extremely expensive – race for governor, nominating Democrat Josh Stein and Republican Mark Robinson for what is shaping up as the most closely watched gubernatorial race of the year. With 8% of ballots counted, Stein had won 72% of the Democratic primary vote, while Robinson captured 63% of the Republican primary vote. North Carolina is a nominally red state that is nonetheless politically competitive. Robinson has called public school teachers "wicked people" and has referred to survivors of school shootings as "prosti-tots." Robinson, Cooper says, is very much like Trump, who recently called Robinson "Martin Luther King on steroids."
Persons: Josh Stein, Republican Mark Robinson, General Stein, Robinson, Stein, Joe Biden, Donald Trump, Trump, Biden, Ashley Judd, Judd, Oscar, It's, Christopher Cooper, Cooper, Martin Luther King Organizations: North, North Carolina voters, Republican, Associated Press, Democratic, GOP, Trump, CIA, Facebook, Haire Institute for Public, Institute, Western Carolina University Locations: North Carolina, Carolina, Georgia, China
A onetime commodities backwater, congestion trading has become a growing business in recent years as the demand for electricity and volatility on the power grid in the US has soared. The financial category, which includes specialized power-trading companies, banks, hedge funds, and large proprietary trading firms, dominates the market, in part because the physical power firms typically operate in only one or two regions. He launched three congestion trading teams for the firm, including in California and Texas after those states introduced congestion trading in 2008 and 2010, respectively. Citadel, along with Susquehanna International Group and Tower Research, has been involved in FTR trading since the market's infancy. Volatility has been increasing on the power grid, in part because of changing weather patterns, Jeev added.
Persons: Kumar Jeev, Jane Street, Richard Roseblade, who's, There's, Roseblade, Bill Clark, Jeev, DC Energy's Tyler Kuhn, DRW, California Al Seib, Brevan Howard, Jane, Stephanie Staska, Staska, couldn't, Joe Biden's, It's, Meredith Angwin, Angwin Organizations: Business, Capital, Midwest, Citadel, Tower Research, Yes Energy, Energy, Anadolu, Getty, Federal Energy Regulatory Commission, FERC, Nasdaq, York Stock Exchange, Nvidia, Johns Hopkins University, DC Energy, Wayfair, Squarepoint, Appian, Boston Energy, Susquehanna International Group, DC, Bloomberg, Commodities, Traders, Wall Street, Workers, GreenHat Energy, JPMorgan, Hill Energy Resource & Services, P, Grid, & $ Locations: Wall, East Coast, DRW, Susquehanna, FTRs, New York, Canada, Texas, Virginia, California, Berlin, Chicago, Oregon, California Al, Ukraine, Russian, Uri, Northern Virginia
Read previewThe Disney proxy battle continues to heat up — and ordinary shareholders could cash in. Mom-and-pop investors are also being courted for their votes on a new marketplace called Shareholder Vote Alliance, which runs auctions for shareholders' proxy votes. Xu said Shareholder Vote Alliance doesn't reveal the names of the bidders but confirmed the bid is from a current shareholder. Shareholder Vote Alliance pitches itself as a way for everyday investors to generate income by monetizing their shareholder votes. Shareholder Vote Alliance closes its auctions a couple of days before shareholder votes.
Persons: , Nelson Peltz's, Ike Perlmutter, Bob Iger, Trian, Blackwells, Donald Duck's, Ludwig Von Drake, Steven Xu, Xu, Blackwell didn't, There's, Iger, we've Organizations: Service, Fund Management, Disney, Blackwells, Business, Alliance, Street, Wall, ValueAct
The developer behind the Grand Theft Auto games has asked employees to return to the office five days a week from April, per Bloomberg, as it enters the final stages of development for the franchise's next installment, "Grand Theft Auto VI." AdvertisementHello @X, watch Grand Theft Auto VI Trailer 1 pic.twitter.com/smzxOLhh4o — Rockstar Games (@RockstarGames) December 5, 2023IP and sales worth billions on the lineSecurity has always been a huge priority at Rockstar. But in the run-up to the release of "Grand Theft Auto VI," Rockstar, which adopted remote work during the COVID-19 pandemic, has had several security issues to contend with. The Independent Workers Union of Great Britain (IWGB) said the decision by Rockstar came a year after 170 Rockstar workers signed a petition "opposing mandatory 3-day office work." Rockstar workers represented by the union accused the developer of "broken promises" and said they had concerns around a "heightened risk of overwork," which the company has been criticised for in the past.
Persons: , Jenn Kolbe, Ned Luke, he'd, Jason Schreier Organizations: Service, Theft, Bloomberg, Business, Rockstar, Twitter, Independent Workers Union of Great Locations: Independent Workers Union of Great Britain
Hormel Foods CEO Jim Snee told CNBC's Jim Cramer on Thursday that his company is set up to do well as weight-loss drugs gain popularity, citing a varied "protein portfolio." Hormel Foods is known for brands like Planters, Skippy, Justin's and Spam. According to Snee, Hormel's protein products appeal to most consumers, as the company offers "affordable protein," "indulgent protein," "natural and organic protein," as well as meat and "non-meat" protein. The company has a variety of flavored Spam products, with maple Spam as its newest iteration. "We've got a couple of really neat flavors still yet to come in the next year or so," Snee said.
Persons: Jim Snee, CNBC's Jim Cramer, Snee, Hormel, We've Organizations: Hormel, Planters
Disney Heirs Line Up Against Activist Investors
  + stars: | 2024-02-29 | by ( Brooks Barnes | ) www.nytimes.com   time to read: +1 min
It’s a classic Disney movie plot: A family comes together to fight an enemy. Only this time it is happening in real life, with the grandchildren of Walt and Roy Disney, who founded the company in 1923, joining forces to oppose Nelson Peltz, the activist investor who is waging a proxy battle for board seats. The heirs — nine in total, including Abigail E. Disney, who has at times been a harsh critic of Robert A. Iger, Disney’s chief executive — publicly lined up behind Mr. Iger and the current Disney board on Thursday. “These activists must be defeated,” Roy P. Disney, 66, said by telephone. Trian invests in great companies like Disney and helps them grow and thrive for the long term — and we have the track record to prove it at companies like P&G, Heinz and Mondelez.”
Persons: Walt, Roy Disney, Nelson Peltz, Abigail E, Robert A, , Iger, , ” Roy P, Peltz, Disney, Trian, Heinz, Mondelez, Organizations: Disney, Trian Partners
Couple this with the multiple signals for exhaustion that are typical near market tops, it warrants taking action. Troubling technical signs We've seen the SPDR S & P 500 Trust (SPY) and Invesco QQQ Trust (QQQ) both exhibit higher highs in price while momentum and their advance-decline lines print lower highs. And lastly, these same signals are showing up across the major sectors, and individual stocks that have led this rally such as Nvidia. Overall, these are signs of exhaustion for this rally and raises the probability of a pullback. With the Wall Street's fear gauge, the CBOE Volatility Index ( VIX) , trading just above 13, purchasing downside protection on a portfolio using SPY options is relatively inexpensive.
Persons: Zhang Organizations: Nvidia
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Jay Rasulo, Nelson Peltz, Rasulo, Peltz, Ike Perlmutter, Peltz's Trian, Perlmutter, Clawing, Estee Lauder, Foot Locker, Health —, Jeff Marks, Jim, Jim Cramer's Organizations: CNBC, Federal, Dow Jones, Nasdaq, Dow, Energy, Linde, Disney, Saturday's Club, Marvel Entertainment, Peltz's Trian Partners, Palo Alto Networks, Palo Alto, Health, Virgin Galactic, TJX Companies, Marshalls, Club, Jim Cramer's Charitable Locations: Gaza, Maxx
—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.
Persons: PAAS, Katie Stockton Organizations: American Silver Corporation, PAAS, Fairlead, CNBC Pro, Securities
As a Disney shareholder for the Club, Jim Cramer has decided to support activist investor Nelson Peltz's fight for seats on the board of the entertainment and theme parks giant. It means he's going to vote to put the Trian Partners founder Peltz and former Disney CFO Jay Rasulo on the Disney board. Jim believes Peltz and Rasulo will hold Disney's board and management accountable for making changes to fix the business and turn around the company's underperforming stock. "It is ridiculous to me that Netflix has crushed Disney," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer, Nelson Peltz's, Jim, Peltz, Jay Rasulo, Ike Perlmutter, Perlmutter, Mondelez, Kraft Heinz, Bob Iger, Iger, Nelson Peltz, Hugh Johnston, Jim —, Jim Cramer's Organizations: Club, Trian Partners, Disney, Marvel Entertainment, Marvel, Netflix, Procter & Gamble, CNBC Locations: New York City, PepisCo
Nvidia continues to surge and vaulted above a $2 trillion market cap in the wake of yet another blockbuster earrings report. The leading artificial intelligence global play has added over $1 trillion in market cap in just the last four months. When buying a put spread — similar to buying an insurance policy — an investor will be laying out capital in order to protect downside risk. Buying a Nvidia put spread: Bought the 3/15 (Friday) expiration March $750 call for $10. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Organizations: Nvidia Locations: NVDA
Read on for some of the things that surprised me when I first got to Ireland. I thought a lot of the phrases in Ireland would be similar to what I heard in the UK. But I knew I finally adapted to the language when I found the words "thanks a million" (or "thanks a mil") and "bye bye bye … bye bye bye bye" after any phone call slipping off my tongue. Although it's been an adjustment, unpredictability is what makes Ireland feel like things are still run by people, not by algorithms and advancement. But my alcohol consumption has definitely increased since living in Ireland because socializing here often happens exclusively at the pub.
Persons: , it's, Alexis McSparren, I've, I, I'm, there's, Alexis McSparren Small, There's, Alexis McSparren Leprechauns, Harry Potter, Tinker Bell, King Puck, Queen Puck, King Puck's, he's Organizations: Service, Business, Guardians, RyanAir, Hollywood Locations: England, Ireland, Republic of Ireland, Indiana, Moher, County Clare, County Meath, County Kerry, Dublin, Europe, Killorglin
DAYTONA BEACH, Fla. (AP) — The 3-0-5 took over the Daytona 5-0-0. Johnson, the wrestler/actor, said he would stay for Monday’s rescheduled race and honor his role as Daytona 500 grand marshal and give the command for drivers to start their engines. The last time the Daytona 500 was postponed a full day was in 2012. Hamlin, a three-time Daytona 500 winner, has suddenly become public enemy No. The DJ-producer, whose real name is Khaled Mohamed Khaled, said he attended a Daytona 500 or two as a kid because of his love of cars.
Persons: Dwayne “, ” Johnson, Pitbull, DJ Khaled, Johnson, Monday’s, Khaled, ” Pitbull, Pit, ” Khaled, , ” “, , Denny Hamlin, Hamlin, Kyle Busch, I’ve, Denny —, Denny, won’t, , we’ll, Justin Marks, Ross Chastain, Daniel Suárez, Shane van Gisbergen, Tim McGraw, Dolly Parton, Nile Rodgers, Jimmy Buffett, WE, he's, 23XI Racing’s Michael Jordan, Michael Jordan, Khaled Mohamed Khaled, Harley J, Earl, “ It’s Organizations: DAYTONA, Sunshine State, Miami —, Grammy, WrestleMania, Furious, Miami, Daytona, Speedway, ROCK, NASCAR, WWE, Trackhouse Racing, Pitbull Locations: Fla, South Florida, Miami, Florida, Philadelphia
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