Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Wedbush Securities"


25 mentions found


"For most of our history, profitable wasn't the first thing that came up when you asked someone about Uber," Khosrowshahi said on Uber's second-quarter conference call Aug. 1. The $1 a ride alone can add up to $4,000 to a driver's annual revenue, the company says. All of them will compete for customers on Uber's platform much as hotels search for business on Expedia.com – a business once run by Khosrowshahi. Indeed, one threat to Uber's current status as a market darling is if AV makers, especially Tesla, decide to compete with Uber directly for riders, Zino said. Khosrowshahi told Sellers that 10-20% of Uber drivers may soon be robots, but said he still thinks more people will be driving for Uber than there are today.
Persons: Angelo Zino, Uber, Savannah, Khosrowshahi, Dara Khosrowshahi, Zino, Scott Devitt, Morgan Stanley's Brian Nowak, undercharging, They've, Devitt, , Hertz, That's, Tracy Lynn Young, Tesla, they've, Cruise, AVs, Sellers Organizations: GM, General Motors, Ideas, Uber Technologies, Aurora, Wedbush Securities, Hyundai, Tesla, EVgo, EVs, TrueCar.com, Uber, CNBC, Hertz, Waymo, Cruise, Khosrowshahi Locations: California, San Francisco, Pittsburgh, Hyundai Kona, London, U.S, North America, Atlanta
Stock futures ticked higher on Wednesday, with investors focusing on key second-quarter results from chipmaker Nvidia to gauge whether the AI excitement is more than just hype. S&P 500 futures climbed 0.5% while Nasdaq 100 futures gained 0.7%. All eyes on Wall Street were keenly awaiting Nvidia's second-quarter results after the closing bell, and it didn't disappoint. That topped the average analyst estimate from Refinitiv of $2.09 per share in profits and $11.22 billion in revenue. Investors also await comments from Federal Reserve Chair Jerome Powell from Jackson Hole, Wyoming, on Friday, which Wall Street hopes will provide insight toward the path of benchmark interest rates.
Persons: Dan Ives, Jerome Powell, Jackson Organizations: New York Stock Exchange, Stock, Nvidia, Nasdaq, Dow Jones, Wedbush Securities, Taiwan Semiconductor, AMD, Marvell Technology, Investors, Federal Locations: Jackson Hole , Wyoming
Analysts are calling the company's results a "1995 moment," evoking the internet's boom. The enormous revenue reflects an increase in AI spending from Nvidia's largest clients, such as Google Cloud, Meta, and Oracle. These results, while impressive on their own, have larger implications for the "AI Gold Rush," according to analysts from Wedbush Securities. Nvidia's earnings are a sign that AI spending isn't going anywhere. "This build out is unlike anything we have seen since the Internet in 1995 and the ramifications are just starting to ripple through the consumer/enterprise landscape," Wedbush analysts said in a statement.
Persons: Bernstein, Rush, Mark Doms Organizations: Nvidia, Meta, Google, Oracle, Service, Wedbush Securities, International Data Corporation, Federal Reserve Bank Locations: Wall, Silicon, San Francisco
CNN —Artificial intelligence darling Nvidia’s upcoming earnings report could be a boost or a drag on a market already mired in the summer doldrums. Nvidia reached a $1 trillion market cap in May, becoming the ninth company to achieve that milestone. Tech stocks rose on Monday, indicating optimism among investors about Nvidia’s earnings. The tech-heavy Nasdaq Composite index on Monday gained 1.6%, marking its biggest one-day jump this month and stalling the recent sell-off in tech stocks. Tech stocks faltered somewhat on Tuesday, as weak retail earnings and elevated Treasury yields put pressure on stocks.
Persons: Jensen Huang, Phillip Toews, that’s, , , Louis Navellier, Dan Ives, Jerome Powell, Anna Bahney, Read, Clare Duffy, , X Organizations: CNN Business, Bell, CNN, Nvidia, Toews Asset Management, US Federal Reserve, Apple, Meta, Microsoft, Tesla, Navellier, Associates, Tech, Nasdaq, Wedbush Securities, Federal, Kansas City, Dow Jones, National Association of Realtors, NAR, Homeowners, Twitter Locations: Jackson Hole , Wyoming, Northeast, Midwest, West
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalo Alto Networks soars 15% after earnings report. What the pros say to do nextJim Cramer, Dan Ives of Wedbush Securities, Joe Terranova of Virtus Investment Partners and Steve Weiss of Short Hills Capital discussed Palo Alto Networks after the cybersecurity company reported better-than-expected earnings.
Persons: Jim Cramer, Dan Ives, Joe Terranova, Steve Weiss Organizations: Wedbush Securities, Virtus Investment Partners, Short Hills Capital, Palo Alto Networks
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia's A.I. use cases are what everyone's waiting to hear, says Wedbush's Dan IvesDan Ives, Wedbush Securities analyst, joins 'Squawk on the Street' to discuss Ives' price target for Nvidia, what happens if Nvidia disappoints in the company's earnings results, and more.
Persons: Wedbush's Dan Ives Dan Ives, Ives Organizations: Wedbush Securities, Nvidia
Palo Alto shares jump as rosy forecast soothes slowdown fears
  + stars: | 2023-08-21 | by ( ) www.reuters.com   time to read: +2 min
Aug 21 (Reuters) - Palo Alto Networks (PANW.O) surged 12% on Monday after its dominant position in the cybersecurity market helped power a strong forecast, cheering investors worried about possible weakness after it chose a rare summer Friday for its earnings. Palo Alto Networks had declined nearly 17% ahead of earnings this month. Palo Alto's shares outperform cybersecurity peersBut as enterprise budgets tighten and threats of cyber attacks intensify, more businesses are turning to larger players like Palo Alto Networks that serve as one-stop shops for a variety of cybersecurity solutions. "We walk away confident about the company's ability to consolidate enterprise security spend and outgrow peers with strong profitability," RBC Capital Markets analysts said. Palo Alto trades at more than 41 times the consensus earnings for the next 12 months, compared with 52.56 for CrowdStrike and 34.19 for Fortinet.
Persons: billings, Akash Sriram, Pooja Desai Organizations: Palo Alto Networks, Rivals CrowdStrike Holdings, Wedbush Securities, RBC Capital Markets, Fortinet, Thomson Locations: Alto, Palo, CrowdStrike, Bengaluru
1 beer in America due to a competitor's moves is not accurate," said Jim Sabia, executive vice president and managing director of Constellation Brands ' beer division. Bud Light's sales slump changed that. The data shows that on the four weeks ended on May 20, Modelo's share of total beer sales grew to 10.7%, while Bud Light's fell to 9.6%. "Modelo has been on a rise and Bud Light's been on a decline as we've seen overall shifts in the beer market in the last 10 years." But when it comes to success in the Mexican beer market, Constellation is relatively untouchable.
Persons: Jim Sabia, We've, Sabia, Bud Light's, Bud Light, influencer Dylan Mulvaney, Bart Watson, Gerald Pascarelli, There's, Greg Gallagher, we've Organizations: Modelo Especial's U.S, Constellation Brands, Modelo, Modelo Especial, Nielsen, Wedbush Securities, Anheuser, Busch InBev, Brewers Association, Beer Institute Locations: America, U.S, Corona, Pacifico, Mexico, United States, Circana
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. is the biggest transformational tech trend we've seen in 30 years, says Wedbush's Dan IvesDan Ives, managing director of equity research at Wedbush Securities, joins 'Squawk on the Street' to discuss Ives' thoughts on artificial intelligence, use cases for the technology, and his parting thoughts on Apple ahead of its new cycle.
Persons: Wedbush's Dan Ives Dan Ives, Ives Organizations: Wedbush Securities
Mark Zuckerberg is tired of waiting around for his cage match with Elon Musk. "I offered a real date. [UFC president] Dana White offered to make this a legit competition for charity," Zuckerberg posted on Threads, the Twitter rival whose creation started the beef in the first place. "If Elon ever gets serious about a real date and official event, he knows how to reach me." Musk doesn't want Zuckerberg to have the upper hand in the when, where and how this fight happens."
Persons: Mark Zuckerberg, Elon Musk, Zuckerberg, Dana White, Elon, Musk, Walt Mossberg, Musk texted Zuckerberg, Dan Ives, that's, Warren Buffett Organizations: Elon, Facebook, UFC, Twitter, Meta, CNBC, Wedbush Securities Locations: Italy, Rome
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDespite this week's pullback, we see tech stocks up 20% going in to 2024, says Wedbush's Dan IvesDan Ives, managing director of equity research at Wedbush Securities, joins 'Closing Bell' to discuss the pull back in tech stocks, increases in enterprise spending towards cloud and the case for a massive second half rally for tech stocks.
Persons: Wedbush's Dan Ives Dan Ives Organizations: Wedbush Securities
Stock futures rose slightly in overnight trading as Wall Street looked ahead to a key inflation reading that could impact the Federal Reserve's next rate move. Futures tied to the Dow Jones Industrial Average rose 87 points, or 0.25%. Disney gained 2% after announcing an upcoming price hike for ad-free Disney+ subscriptions. The Dow Jones Industrial Average dropped about 191 points, or 0.54%, while the S&P 500 shaved off 0.7%, and the Nasdaq Composite shed 1.17%. Many on Wall Street are hoping for more signs of disinflation through the CPI report, and Friday's producer price index.
Persons: Dow Jones, Sahak Manuelian, CNBC's, Ralph Lauren Organizations: New York Stock Exchange, Stock, Federal, Dow Jones, Nasdaq, Disney, Wynn Resorts, Traders, Wedbush Securities, CPI, PPI, Six
That still may not be enough to save AMC Theaters, which has a looming bill it may not be able to pay back. AMC (AMC) also saw its highest quarterly attendance since 2019. The quarter did not include revenue from “Barbie” and “Oppenheimer” July releases, which AMC said lifted the company to its best month in its 103-year history. Still, the financial toll of the pandemic has been immense, and is still weighing down AMC and other movie theater chains. AMC took on a significant amount of debt to stay afloat during the pandemic when theaters closed and customers were at home watching Netflix.
Persons: New York CNN — Barbie, “ Barbie ”, “ Oppenheimer, , kindling, Adam Aron, Peacock, Max, Disney’s “ Indiana Jones, There’s, Alicia Reese Organizations: New, New York CNN, AMC, Netflix, Paramount, Comcast, CNN, Warner Bros ., Hollywood, Wedbush Securities Locations: New York, Hollywood, Disney’s
The SEC and CFTC have fined a group of Wall Street firms a combined $549 million. The firms admitted to employees using WhatsApp and other messaging services for business purposes. A pair of regulatory agencies on Tuesday announced large fines for a group of Wall Street banks that admitted to using WhatsApp and other messaging services for business purposes. The Securities and Exchange Commission is fining nine firms a total of $289 million, while the Commodity Futures Trading Commission issued $260 million in fines, for a combined sum of $549 million. The Wednesday announcements bring the SEC's total fines related to the matter to $1.5 billion, while the CFTC's statement said it's imposed more than $1 billion in penalties to date.
Persons: Grewal, SEC Wells, Houlihan Lokey Organizations: SEC, CFTC, Wall Street, BNP, BMO Capital Markets, Morning, Securities, Exchange, Futures Trading, Americas Securities, Capital Markets, Mizuho Securities USA, Company, Wedbush Securities, Nikko Securities America Locations: Wells Fargo, Wall
Palantir is the best 'pure play A.I. name,' investment firm says
  + stars: | 2023-08-08 | 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 EmailPalantir is the best 'pure play A.I. name,' investment firm saysDan Ives of Wedbush Securities explains why he thinks Palantir Technologies will be one of the core artificial intelligence names in the coming years.
Persons: Dan Ives, Palantir Organizations: Wedbush Securities
Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the 2023 CERAWeek by S&P Global conference in Houston, Texas, US, on Tuesday, March 7, 2023. Palantir Technologies raised its annual revenue target on Monday as it sees an opportunity to commercialize AI, but not all analysts are convinced. On Monday, CEO Alex Karp said Palantir's aim is to make money from AI, instead of merely producing tools that write computer-generated poetry. "We will figure out how to monetize it," Karp said, referring to Palantir's artificial intelligence platform, or AIP. Dan Ives, managing director at Wedbush Securities, is bullish on Palantir's AI ambitions.
Persons: Alex Karp, Karp, Dan Ives, That's, Ives, Palantir Organizations: Palantir Technologies Inc, P Global, Palantir Technologies, AIP, Wedbush Securities, U.S . Special Operations Command Locations: Houston , Texas, CNBC's
WASHINGTON, Aug 8 (Reuters) - U.S. regulators on Tuesday hit another batch of Wall Street firms with $549 million in civil penalties over widespread record-keeping failures related to employees' use of personal text messages and other messaging apps. Eleven firms, including Wells Fargo Securities and BNP Paribas Securities Corp, have agreed to pay $289 million in fines to the U.S. Securities and Exchange Commission to resolve the allegations. Regulators require broker dealers and investment advisers to keep certain work-related communications, but Wall Street dealers have increasingly used personal devices in recent years. Spokespeople for BNP, which agreed to pay $110 million to the regulators, and Mizuho, which agreed to pay $25 million to the SEC, declined to comment. The regulators have already fined units of JPMorgan Chase and Co (JPM.N), Barclays, Bank of America and others for similar record-keeping failures.
Persons: Wells, Société, Spokespeople, Gurbir Grewal, Chris Prentice, Susan Heavey, Nivedita Balu, Nupur Anand, Saeed Azhar, Bernadette Baum, Jason Neely Organizations: Wall Street, Wells, Wells Fargo Securities, BNP Paribas Securities Corp, U.S . Securities, Exchange Commission, Futures Trading, BNP, Bank of Montreal, Wedbush Securities Inc, Wall, SEC, CFTC, Mizuho, Nikko Securities, JPMorgan Chase, Barclays, Bank of America, Reuters, Thomson Locations: U.S, Wells Fargo, Nikko, New York, Washington, Toronto
Monday, Aug. 7, 2023: Cramer trims this industrial powerhouseJim Cramer and Jeff Marks explain why you shouldn't trade this megacap giant after reporting results post market close Thursday. Jim and Jeff discuss an industrial name as they are selling some shares after the opening bell Monday. Finally, Jim says now is the time to buy one cybersecurity stock despite Wedbush Securities removing it as one of its top picks.
Persons: Cramer, Jim Cramer, Jeff Marks, Jim, Jeff Organizations: Wedbush Securities
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's service performance could see double-digit growth in 2024: Wedbush Securities' Dan IvesDan Ives, Wedbush Securities managing director, joins 'Closing Bell' to discuss what to look for in Apple's upcoming earnings report, Apple's attempt to gain market share in China, and Apple's attempt to expand its margins.
Persons: Dan Ives Dan Ives Organizations: Wedbush Securities Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are in a fourth industrial revolution, says Wedbush's Dan Ives on LK-99 hypeDan Ives, Wedbush Securities managing director, joins 'Last Call' to talk rumors of the LK-99 semiconductor, A.I. hype and more.
Persons: Wedbush's Dan Ives, Dan Ives Organizations: LK, Wedbush Securities
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWedbush's Dan Ives lays out his expectations for tech earnings this weekDan Ives, Managing Director of Equity Research at Wedbush Securities, discusses his expectations for Apple and Amazon earnings.
Persons: Dan Ives Organizations: Equity Research, Wedbush Securities, Apple
Palantir stock up 10% as company rides A.I. craze
  + stars: | 2023-07-31 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +3 min
Palantir, a data analytics company best known for its work with the U.S. government's defense and intelligence agencies, offers a number of AI-powered services for organizations across public and private sectors. Shares of Palantir popped 10% Monday as the company continues to capitalize on investors' hopes for its artificial intelligence software ahead of its earnings report next week. In an interview with CNBC's "The Exchange" Friday, Dan Ives, managing director of equity research at Wedbush Securities, described Palantir as "the [Lionel] Messi of AI," referencing the pro soccer player. Ives said there is a "golden path" for the company to monetize, adding in a note that Palantir has built "an AI fortress that is unmatched." "This is an arms race of a different kind, and it has begun," Karp wrote.
Persons: Alex Karp, CNBC's, Dan Ives, Lionel, Messi, Ives, Palantir, Karp, William Blair, SPACs Organizations: Palantir Technologies Inc, P Global, U.S, Wedbush Securities, New York Times, Palantir Locations: Houston , Texas, A.I, U.S
Alex Karp, the billionaire CEO of Palantir, took to The New York Times to advocate for the development of AI weapons. Palantir has interest in the matter, as it is a major supplier of technology to the military. In March, a number of tech and business executives — Elon Musk and Steve Wozniak, included — signed an open letter calling for a pause on advanced AI development as the launch of OpenAI's GPT-4 sent shockwaves through the industry. But Alex Karp, Palantir's billionaire CEO, says these fears are secondary to the benefits of AI, particularly when it comes to using the technology to protect the United States through military applications. He said the current debate was similar to the "Oppenheimer moment," likening the development of AI to that of nuclear devices.
Persons: Alex Karp, Palantir, — Elon Musk, Steve Wozniak, , Karp, Biden, Yann LeCun, Bill Gates, Marc Andreessen, Gates, Andreessen, " Karp, Dan Ives Organizations: The New York Times, Morning, New York Times, Google, Times, Wedbush Securities Locations: United States, Amazon, China, States, Palantir's
A key test for EV sales and the adoption curve is coming
  + stars: | 2023-07-30 | by ( Tim Mullaney | ) www.cnbc.com   time to read: +10 min
The company says it will reach 400,000 cumulative units of EV production by early 2024 and that its EV business will reach profitability by 2025. "They have dozens of EV models over the next two to three years. watch nowAmong analysts who believe the stock is due for a bigger drop, expected EV sales disappointment is among the factors. But GM's EV plans come as Ford announced it is slowing down its plans to expand EV production to a 600,000 annual rate. "This will be the first year U.S. EV sales reach 1 million," Downey said.
Persons: Scott Mlyn, Brian Downey, Autotrader, Ford, Dan Ives, It's, they'll, Morgan Stanley, Adam Jonas, Mary Barra, Adam Jones, Colin Langan, Garrett Nelson, Chad Lyons, Lyons, Katie Minter, Rebecca Cook, Reuters Paul Jacobson, Jacobson, Ives, Downey, Tesla, Barra, they're, they've, Cox, Goodcarbadcar.net . Ford Organizations: Silverado, New York Auto Show, CNBC, General Motors, Cox Automotive, Kia, Porsche, Hyundai, Chevrolet Silverado, Wedbush Securities, Investors, GM, United Auto Workers union, Wall Street, Deutsche Bank, GMC Hummer EV, Chevy Silverado, GMC Sierra EV, Chevy Blazer, GMC, Blazers, Jaguar, Audi, North American, Reuters, EV, Cox, Ford's, Ford, Goodcarbadcar.net, Volkswagen, BMW – Locations: Detroit, Detroit , Michigan, U.S
Here's which entertainment companies will outperform, according to analysts and industry insiders. Four industry veterans Insider spoke with unanimously agreed that unless the strikes are resolved soon, the movie industry's much-needed revival will fizzle out. In a mid-July note about the movie industry, Reese and Pachter highlighted three theater-related companies that are best positioned to survive in this difficult environment. FuboTV should be a winner since it's a solid alternative for cord cutters who still need news and sports coverage, which aren't impacted by the strikes, Pachter noted. Netflix is perhaps the most fascinating company in the media industry right now.
Persons: Barbie, Oppenheimer, Paul Dergarabedian, Alicia Reese, David A, Gross, Strikes, Reese, Michael Pachter, Dergarabedian, Pachter, Richard Gelfond, JPMorgan's David Karnovsky, Wedbush's Pachter, aren't, it's Organizations: Hollywood, Wedbush Securities, Entertainment Research, Alliance, Television Producers, Consumers, Netflix Locations: Hollywood, creatives
Total: 25