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Trump’s allies are also publicly making their pitch for him to refocus his attention on the race. “You’ve always got to be assessing the state of the race, and I would like to see more offense from the Trump campaign. On a swing of battleground states last week, Harris and her new running mate were greeted by a groundswell of supporters at each stop. "This was a TRUMP idea — She has no ideas, she can only steal from me," Trump wrote on Truth Social. In an appearance on Real America’s Voice last week, Trump’s political director, James Blair, made the case that it is a state-by-state race.

Persons: Donald Trump, Kamala Harris, Trump, ”, ” Trump's, “, Harris, Joe Biden's, Brian Kemp, Kevin McCarthy, “ You’ve, ” McCarthy, Tim Sheehy, Dan Eberhart, —, Biden, ” Trump, outpacing Harris, ” Karoline Leavitt, Trump’s, Walz, David Lee, Chris Grant, James Blair Organizations: Republican, Trump, NBC News, Fox News, Montana, Democrat, ”, Mar, Biden, ABC, Harris, Privately, CNBC, Democratic, “, Labor, MAGA Inc, Politico, Real America’s Voice Locations: Georgia, Bozeman, Asheville , North Carolina, Pennsylvania, Florida, Las Vegas, Arizona, Michigan , Wisconsin , Nevada, North Carolina

☆ A Google software engineer who was initially rejected gives 3 pieces of advice for landing a coding job
▼ + stars: | 2024-08-13 | by ( Jaures Yip | ) www.businessinsider.com time to read: +8 min

Read previewWhen Paden Gayle went into his first real round of tech interviews in 2020, he "failed horribly." Gayle interviewed for full-time software engineering roles for X, formerly Twitter, and Bloomberg, as well as an apprenticeship program for Google. This year, though, Gayle finally got his Google redemption and received an offer for an L4 software engineering role. Here's some of his biggest advice for landing a coding gig at a tech giant like Google. For his Google interview, Gayle said that when he first received his questions, he had no idea where to start.

Persons: —, Paden Gayle, I'd, Gayle, you've, That's, It's, that's, it's, I'm, Karen, Grace Hopper Organizations: Service, Twitter, Bloomberg, Google, Business, LinkedIn, Grace, Grace Hopper Program, Tech

☆ Why a Goldman Sachs portfolio manager avoids small-cap indexes, and his 6 top individual stock picks
▼ + stars: | 2024-08-13 | by ( Christine Ji | ) www.businessinsider.com time to read: +3 min

Read previewAfter over two years of underperformance, it seems like small-cap stocks are finally poised to take off. Because there is such a wide variety of small-cap companies, Tuorto believes investors have to do some digging to identify the best opportunities. Some of the best opportunities are way, way down in cap. Healthy small-cap companies have a clear path to profitability and reinvest cash back into their business to drive growth, he said. Tuorto's top small-cap picksBelow are Tuorto's top six picks for high-quality small-cap companies with strong fundamentals and market caps under $10 billion.

Persons: —, Russell, Greg Tuorto, Tuorto, Goldman Sachs Organizations: Service, Goldman Sachs Asset Management, Business, Big Tech, Nvidia, Core Equity ETF

☆ Home Depot issues a warning about the economy
▼ + stars: | 2024-08-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +1 min

New York CNN —Home Depot says consumers are feeling crummy about the economy, and they’re dishing out less to remodel their homes. The home improvement giant, a bellwether of consumer spending and the housing market, lowered its sales expectations for the year. It said customers were spending less on home improvement projects, pressured by higher interest rates and concerns that the economy is getting worse. Home Depot said Tuesday it expects sales at stores open at least 12 months to fall between 3% and 4% this year compared to last year. Still, Decker remained optimistic, saying “The underlying long-term fundamentals supporting home improvement demand are strong.”Home Depot’s (HD) stock fell nearly 5% in premarket trading.

Persons: they’re, Ted Decker, That’s, Decker Organizations: New, New York CNN, Depot Locations: New York

☆ Big Tech saw drops due to fundamentals, not the Yen carry trade, says Dan Niles
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig Tech saw drops due to fundamentals, not the Yen carry trade, says Dan NilesDan Niles, Niles Investment Management Founder, joins 'Closing Bell Overtime' to talk navigating tech investing, how the AI trade is playing out in earnings and more.

Persons: Dan Niles Dan Niles Organizations: Tech, Niles Investment Management

☆ A trade that wins if the drop in Chipotle after CEO jumps to Starbucks is overdone
▼ + stars: | 2024-08-13 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Chipotle Mexican Grill (CMG) shares are getting wrecked after its CEO Brian Niccol left to try and turn around Starbucks. With a positive outlook on CMG, I see this pre-market drop as an opportunity to invest in a company that seems almost recession-proof. The trade To initiate a bullish position on CMG, I plan to use a strategy known as a "bull call spread." This trade was written assuming Chipotle was trading around $51 a share. If CMG trades at or above the short strike by the expiration date, this trade could yield a return of 100% on the amount risked.

Persons: Brian Niccol, let's, Chipotle Organizations: Grill, CNBC, NBC UNIVERSAL Locations: Chipotle

☆ This little known aerospace stock could rally 30%, Goldman Sachs says
▼ + stars: | 2024-08-13 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Ducommun 's growth and profit margin potential make the stock hard to ignore, according to Goldman Sachs. Analysts led by Noah Poponak upgraded the small cap aerospace stock to buy from neutral. Goldman called the company an "acquisition compounder opportunity" within the aerospace and defense sector ever since current management took the helm in 2017. Goldman was the lead joint bookrunner for Ducommun's last sale of stock in May 2023. Ducommun shares rose more than 8% in early trading on Tuesday.

Persons: Ducommun, Goldman Sachs, Noah Poponak, Poponak, Goldman Organizations: Triumph Locations: Monday's

☆ Starbucks upgraded already by Wall Street firm as it makes stunning CEO change
▼ + stars: | 2024-08-13 | by ( John Melloy | ) www.cnbc.com time to read: +1 min

Wall Street wasted no time getting behind Starbucks shares after the No. 1 U.S. coffee restaurant named Chipotle CEO Brian Niccol as CEO , dumping Laxman Narasimhan. Baird upgraded Starbucks to outperform from neutral shortly after the news and before trading even began on Wall Street officially. Starbucks shares have struggled for the last three years after an initial demand boom following the pandemic. SBUX 5Y mountain Starbucks, 5 years Baird set a new price target of $110 on Starbucks, which represents a 40%-plus pop from Monday's close.

Persons: Brian Niccol, Laxman Narasimhan, Baird, David Tarantino, Narasimhan, Niccol, Taco Bell Organizations: Wall, Starbucks, Taco Bell, Yum Brands, Taco, Procter, Gamble

☆ 45 unfairly punished stocks primed for a revival: Goldman Sachs
▼ + stars: | 2024-08-13 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

During the sell-off, strategists at Goldman Sachs recommended buying the dip in US stocks, albeit carefully, as they reiterated their year-end S&P 500 price target of 5,600. Economically sensitive stocks have lagged defensives by at least 5 percentage points in a single week 12 times since 2000, according to Goldman Sachs. "Despite the weak jobs report, our economists believe continued economic expansion is far more likely than recession," Kostin wrote. Goldman Sachs found that those micro factors explained 86% of stock returns in the first half of 2024, versus the long-term average of 57%. Fewer worries about the near-term economic outlook mean stocks will no longer trade in lockstep — a win for active investors.

Persons: —, Goldman Sachs, David Kostin, Kostin, abate, lockstep — Organizations: Service, Goldman, Business, Institute of Supply, Walmart Locations: Japan, lockstep, Monday's

☆ Opinion | Nate Silver on How Kamala Harris Changed the Odds
▼ + stars: | 2024-08-13 | by ( Ezra Klein | ) www.nytimes.com time to read: +81 min

You know, Hillary Clinton, who was, I think, kind of a terrible candidate, won the popular vote by two points. So I don’t think they gave her a very good hand to play. It doesn’t matter who you are, it matters that you’re right and you’re able to prove it or bet on it in some way. What wasn’t in the Harris model that should have been?” “Yeah, maybe you really can meme your way to victory. And there’s something in it that I don’t think she can explain how she does it, but it makes her a fascinating leader.

Persons: Nate Silver, ”, ESPN’s Nate Silver, Silver, He’s, “ Savage, ” “, he’s, Ezra, Harris, we’ve, Kamala Harris, Donald Trump’s, There’s, Hillary Clinton, she’s, She’s, Gavin Newsom, It’s, Biden, I’m, you’re, Joe Biden, Democratic Party Harris, Liz, —, “, Donald Trump, that’s, George W, Bush, Donald Trump wasn’t, it’s, Michael Jackson, Woody Allen, ’, Chick, don’t, George Floyd, ‘ COVID, COVID, Peter Thiel, Elon Musk, Michael Moritz, Elon, Mark Cuban, Thiel, Max Chafkin, Mark Zuckerberg, Larry Page, Sergey Brin, Marc Andreessen, Ted Cruz, Sam Bankman, Tom Brady, SBF, Carrick Flynn, Oregon’s, I’m Carrick Flynn, Tara MacAulay, vouched, Bill Clinton, Tyler Cowen, they’ve, Jane, JD Vance, Peter Thiel’s, Vance, Trump, Steve Bannon, Don Trump, Jr, Tucker Carlson, Tim Walz, Josh Shapiro, Tell, you’ve, Shapiro, Walz, I’ve, Iglesias, Obama, Susan Collins, Joe Manchin —, Jon Tester, ” “ Sherrod Brown, I’d, Dana White, Hulk Hogan, Joe Biden’s, — let’s, Mike Donilon, Kennedy, ” “ Tim Alberta, Georgia —, Brian Kemp, Blake Masters, Rick Scott, ” “ Trump, Doug Burgum, Black, didn’t, — Woodrow Wilson, Harry Truman, Michael Jordan, everyone’s, Nancy Pelosi’s, Nancy Pelosi, Joe ’, we’re, I’ll, John Coates, Richard Rhodes, Natasha Schüll, Natasha Organizations: Oracle, Trump, Democratic Party, Facebook, Twitter, The New York Times, ’ Harvard University, Democratic White House, Republican White House, Democratic, Silver, George, Vegas, Poker, extroversion, Elon, Sequoia Capital, McLaren, Paypal, Republican, New, PAC, Alameda, Las, Ohio Senate, underperform, White, UFC, RNC, Biden, Biden ., National Association of Black Journalists, Deutsche Bank, Manhattan Project, Design Locations: Nate, Russian, Russia, ’, Elon, Florida, predestiny, Bahamas, Sam, Africa, New York, Oregon, Las Vegas, Petersburg, United States, Ohio, Trump, Minnesota, ” “ Pennsylvania, Pennsylvania, Gaza, Chicago, Montana, Nevada, North Carolina, Georgia, Nevada , Arizona, Biden . Georgia, Carolina, Arizona, Ukraine, LA, It’s, Vegas

☆ What needs to happen to keep the market comeback going — plus, our new Starbucks price target
▼ + stars: | 2024-08-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

New PT for Starbucks: The standout in the market Tuesday is Starbucks , which is up 22%. The announcement is also winning over Wall Street, with three firms already upgrading their rating on Starbucks' stock to a buy or buy-equivalent. 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.

Persons: Jim Cramer, Stocks, Laxman Narasimhan, Brian Niccol, Baird, Piper Sandler, " Cowen, Brinker, Jim Cramer's, Jim Organizations: CNBC, New, Starbucks, Wall, Bar, Brinker International, Cardinal Health, Jim Cramer's Charitable

☆ Gen Z Women Are Getting Into Personal Finance Tips to Invest and Save
▼ + stars: | 2024-08-12 | by ( Emilie Friedlander | ) www.businessinsider.com time to read: +13 min

These women talk openly about being rich and wanting to help other women become rich too. She also launched a platform called Treasury, which says it has helped women invest over $80 million in the stock market. "I couldn't really find anyone who was teaching money the way that I wanted to learn it," Sacks said. And it's probably getting really smart about how you save money, taking the money that you are saving and investing it and building wealth." Young women, on the other hand, are turning to more tried-and-true tactics.

Persons: Dave Ramsey, Tori Dunlap, It's, Dunlap, Dow Jones, Simran Kaur, Rachel Rodgers, Z, Kaur, Zers, Haley Sacks, Sacks, Cartier, Kylie Jenner, Suze Orman, it's, they're, Rita Soledad Fernández Paulino, Leah Sheppard, Gen Zers, —, Rita Soledad Fernández Paulino Sacks, Kyla Scanlon, Scanlon, aren't, Fernández Paulino, weren't Organizations: Economic, Institute, Washington State, Carson College of Business, GameStop, Fidelity Investments, Federal Reserve's Survey, Consumer Finances Locations: Tacoma , Washington, Dunlap, Instagram, Zealand, York, California

☆ Goldman says buy these cheap stocks with healthy fundamentals during this sell-off
▼ + stars: | 2024-08-12 | by ( John Melloy | ) www.cnbc.com time to read: +1 min

"If economic fears continue to fade and the market becomes more micro-driven in coming months, then the recent sell-off represents an attractive opportunity to buy stocks with healthy fundamentals at valuation discounts," wrote Goldman chief U.S. equity strategist David Kostin and team in a note to clients Friday. Goldman screened for stocks that have seen their earnings estimates ratchet up since the start of the third quarter, but posted weak relative returns during the last week. Goldman noted that cyclical stocks underperformed defensive names last week, showing that "macro" is driving equity returns. Once investors' focus returns to normal, stocks with strong fundamentals and valuations like those on this list will start to benefit, the firm argues. "If the data confirm our economists' optimistic view, investors will likely pivot back to focusing on alpha opportunities rather than market betas."

Persons: Goldman Sachs, David Kostin, Goldman Organizations: Goldman, Micron, Systems

☆ Falling commodity prices are indicating there is trouble brewing with the economy
▼ + stars: | 2024-08-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Commodity prices have tumbled over the past month, signaling underlying weakness in the global economy despite the U.S. stock market bouncing back from recession fears. But commodity markets may be telling a different story about the global economy. The Invesco DB Base Metals Fund is down more than 7% over the past month, while crude oil futures dropped 14% from July 5 through Aug. 5. @HG.1 YTD mountain Copper futures, YTD Weakness in China, the world's second-largest economy, is weighing on copper and oil in particular, Melek said. OPEC on Monday lowered its global oil demand growth forecast this year by 135,000 barrels per day as expectations in China have softened.

Persons: Rob Ginsberg, Ginsberg, Bart Melek, DBB @HG, We've, Melek, I'm Organizations: U.S, Investors, Invesco DB Base Metals, Wolfe Research, TD Securities, DBB, Metals, Copper, CNBC, Global, Beijing, European Union, World Trade Organization, Federal Reserve, Securities Locations: U.S, China, Beijing, Jackson Hole , Wyoming

☆ On paper the stock market should be great, not on a knife's edge. But that's the opportunity
▼ + stars: | 2024-08-11 | by ( Jim Cramer | ) www.cnbc.com time to read: +13 min

For example, this season started with the banks roaring higher on great numbers, legitimately great numbers led by a phenomenal Bank of America quarter. The later just made no sense because it is pulling away from Intel on the low end and if Nvidia really does have production problems then AMD is the de facto winner. In fact, the only stock that didn't suffer from an Nvidia relation, Apple, got through earnings without too much trouble. 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: —, techs, We've, Warren Buffett, Buffett, industrials Eaton, Donald Trump, we've, execs, I've, Kamala Harris, Trump, Jim Cramer's, Jim Cramer, Jim, Rob Kim Organizations: Federal Reserve, of America, Bank of America, Club, Apple, Fed, SL Green, Boston Properties, Nvidia, Arista Networks, Micron, Dell, Hewlett Packard Enterprise, Devices, Intel, AMD, Accenture, Deloitte, McKinsey, White, Jim Cramer's Charitable, CNBC Locations: Lowe's

☆ Social media keeps catching Wall Street off guard
▼ + stars: | 2024-08-11 | by ( Laila Maidan | ) www.businessinsider.com time to read: +11 min

In 2015, he created TickerTags, a social media data aggregator that tracks company mentions, and sold it to Jefferies' M Science. To be fair…Speculating and making decisions based on social media trends is a risky wager. Wall Street doesn't always respond to social media trends that could negatively drive fundamentals because there aren't tools to understand the impacts, McKeown noted. In the event a social media trend is mentioned, it's not factored into their valuation model, Ober added. How social media sentiment plays into a thesis should depend on an investor's time horizon.

Persons: It's, Bud Light's, influencer Dylan Mulvaney, BUD, Kirk McKeown, Chris Camillo, Jefferies, Camillo, Bud, didn't, Paul Johnson, Laxman Narasimhan, misperception, Sara Senatore, I've, Senatore, Chipotle, Keith Lee, dollies, Brian Niccol, Goldman Sachs, They're, Matt Ober, they're, I'd, McKeown, it's, Ober Organizations: Service, Business, Anheuser, Busch, Wall Street, Pew Research Center, Molson, TAP, Starbucks, Nicusa Investment, Columbia Business School, of America Locations: Palestine, Gaza, SBUX

☆ China stocks escaped much of the latest sell-off. Signals for whether to buy
▼ + stars: | 2024-08-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

The latest global market volatility has reinforced China's status as a distinct market, even if its growth has slowed recently. While U.S. tech stocks plunged and Japanese stocks swung wildly in a historic two days of price action , Chinese stocks suffered less . The investors remained net buyers of Chinese stocks for the third quarter so far as of Aug. 6, the data showed. Finally, the low correlation of the China stock market with the U.S. stock market could provide investors with diversification benefits." Chinese stocks, especially those traded on the mainland, have historically been less correlated to global market moves due to Beijing's capital controls and other restrictions.

Persons: Matt Wacher, William Yuen, Invesco, That's, Steven Sun, Paul Christopher, Morningstar's Wacher, it's, Wacher Organizations: Nasdaq, Nikkei, Morningstar Investment Management, U.S, HSBC, Technology, Shanghai —, Bank of, Federal Reserve, Treasury, HSBC Qianhai Securities, National Bureau, Statistics, Wells, Wells Fargo Investment Institute, Index Locations: Asia, U.S, Shanghai, China, Pacific, EPFR, Hong Kong, Bank of China, Wells Fargo

☆ Buy the dip in tech stocks including Nvidia amid market uncertainty, Bank of America says
▼ + stars: | 2024-08-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

There's still plenty of top technology stocks to buy even as the market unease continues, according to Bank of America. Apple Services saw record revenue, leading Mohan to conclude there's plenty of upside ahead for Apple shares as new products debut in September. Apple shares are down about 3% this month. Meanwhile, Netflix shares are down almost 8% over the last month. Palantir "PLTR's dominant position in the AI-powered software market, differentiated end-to-end, ontology-powered & highly secure solutions and first mover advantages should support revenue growth and improving profits in the midterm.

Persons: Palantir, Wamsi Mohan, Tim Cook, Mohan, Jessica Reif Ehrlich, Reif Ehrlich, BofA, Uber, Justin Post, Post, he's bullish, Nvidia, Blackwell Organizations: Bank of America, CNBC, Netflix, Nvidia, Apple, Apple Intelligence, Apple Services, Post, Uber, intel, TAM Locations: Bank

☆ New Battleground Polls Show Harris Has Fundamentally Changed the Race
▼ + stars: | 2024-08-10 | by ( Nate Cohn | ) www.nytimes.com time to read: +1 min

If there were any doubt whether Kamala Harris has transformed this year’s presidential election, this morning’s latest New York Times/Siena College polls put it to rest. In our first swing state polls since her entry into the race, Vice President Harris leads Donald J. Trump by four points each in Pennsylvania, Michigan and Wisconsin among likely voters. It’s a major shift from previous Times/Siena polls, which found Mr. Trump leading Ms. Harris and President Biden by an average of one or two points each across the same three states. Sometimes, it can be hard to explain why polls shift from week to week or month to month. It prevented Democrats from running their usual strategy against Mr. Trump and his MAGA allies: Make an election a referendum on Mr. Trump by running a broadly acceptable candidate.

Persons: Kamala Harris, Harris, Donald J, Trump, It’s, Biden, MAGA Organizations: New York Times, Times, Mr Locations: Siena, Pennsylvania , Michigan, Wisconsin

☆ A key stock underperformed the market comeback this week
▼ + stars: | 2024-08-09 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +1 min

Chipmaking giant Nvidia failed to move up from its losses earlier this week even as the S & P 500 broadly recovered. The iShares Semiconductor ETF (SOXX) managed to finish the week up 2.4%. Bank of America analyst Vivek Arya said despite Nvidia's recent stock losses, the fundamentals remain strong and its valuation is competitive. The iShares Semiconductor ETF (SOXX) managed to finish the week up 2.4%. Stock Chart Icon Stock chart icon Nvidia versus the SOXX ETF over the past week

Persons: Blackwell, Vivek Arya, Arya, CNBC's Organizations: Nvidia, iShares Semiconductor, Bank of America

☆ Under Armour shares surge 20% after posting 'better than feared' quarterly sales
▼ + stars: | 2024-08-08 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

Under Armour apparel is displayed at a Dick's Sporting Goods store on May 16, 2024 in Petaluma, California. Under Armour on Thursday said sales are falling across its business, but the athletic apparel retailer posted better fiscal first-quarter results than feared, sending its stock surging in early trading. Under Armour previously expected full-year earnings of 2 cents to 5 cents per share, and adjusted earnings between 18 cents and 21 cents per share. The athletic apparel company is in the midst of a broad restructuring plan as it fights to regain relevance, reverse a sales slump and boost profits. Apparel revenue fell 8%, footwear sales dropped 15% and accessories revenue slid 5%.

Persons: Armour, It's, Stephanie Linnartz, Kevin Plank, Plank, Eric Liedtke, Eric, …, William Blair, Armour's Organizations: Sporting Goods, LSEG, Marriott, Armour's, Apparel, Adidas, UA Locations: Petaluma , California, North America

☆ The underlying fundamentals of the economy are sound, says Neuberger Berman's Joe Amato
▼ + stars: | 2024-08-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe underlying fundamentals of the economy are sound, says Neuberger Berman's Joe AmatoJoseph Amato, Neuberger Berman Group president and CIO, joins 'Squawk Box' to discuss the latest market trends, state of the economy, what to make of the market sell-off, and more.

Persons: Neuberger Berman's Joe Amato Joseph Amato, Neuberger Berman Organizations: Neuberger, Neuberger Berman Group

☆ The stock market is panicking, but you don’t have to
▼ + stars: | 2024-08-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

To be sure, the carnage on Wall Street and in equities markets around the world was real. But Monday’s panic was the Wall Street equivalent of a tantrum from a kid who just got told they can’t have ice cream for dinner. But don’t let the stock market drama fool you: The US economy is still in good shape, despite some turbulence. “And I’m not too worried about Wall Street becoming poor.”Stocks looked to bounce back Tuesday. Wall Street worked itself into a lather when ChatGPT came out two years ago.

Persons: CNN Business ’, Stocks, Dow, Wall, don’t, Rana Foroohar, That’s, it’s, Goldman Sachs, ”, Jan Hatzius, ” Goldman, There’s, Beryl, “, Beryl didn’t, Aaron Sojourner, ’ ”, ChatGPT, Rob Haworth, ” Haworth Organizations: CNN Business, New York CNN, CNN, Nikkei, of Labor Statistics, Coast, BLS, WE Upjohn, Employment Research, White House Council, Economic Advisers, Fed, Federal, Markets, Big Tech, Nvidia, Microsoft, Wall, Bank of Japan, US Bank Locations: New York, Japan

☆ Super Micro announces 10 for 1 stock split
▼ + stars: | 2024-08-06 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Server company Super Micro Computer on Tuesday announced a 10-for-1 stock split, set to begin trading on a split-adjusted basis on Oct. 1. Shares of Super Micro, which joined the S&P 500 in March, surged 246% in 2023 and are up 117% year-to-date. Super Micro shares slid as much as 7% in extended trading. Super Micro said it expects first-quarter revenues between $6 billion and $7 billion, beating Wall Street's estimate of $5.46 billion. It expects EPS of $5.59 to $8.27, or a $7.48 midpoint, compared to the consensus estimates of $7.58.

Persons: Wall Organizations: Computer, Dell, Hewlett Packard Enterprise, Nvidia, Super Micro

☆ Tech had a rough day. But don’t call it a dot-com meltdown moment yet
▼ + stars: | 2024-08-06 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

On Monday afternoon, a federal judge ruled that Google violated US antitrust law with its search business. And despite yesterday’s decline, which already appears to have begun reversing, shares of Apple, Amazon, Microsoft, Meta, Google and Nvidia all remain up strongly year-to-date. Anything that threatens its market share could also put that core business — already facing competitive threats from emerging AI tools — at risk. It could also embolden lawmakers who have been looking to crack down further on the power of Big Tech. “This ruling will inspire short-term confidence for DuckDuckGo, Yahoo and other Google Search competitors.

Persons: New York CNN — It’s, “, Charlie Miner, ” Miner, Angelo Zino, ” Zino, they’re, it’s, ” Sen, Amy Klobuchar, ” Organizations: New, New York CNN, P Global, Investors, Google, US Federal Reserve, Big Tech, CNN, Research, Apple, Microsoft, Meta, Amazon, Nvidia, Tech, Yahoo Locations: New York, Google’s

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