Several companies are due to report earnings next week, including some potential standouts. Earnings season is ramping up, with 22% of S & P 500 members expected to post their quarterly results next week. So far, most of the constituents that have reported third-quarter earnings have exceeded earnings and revenue expectations, according to FactSet. Against this backdrop, CNBC Pro screened Bespoke Investment Group data to find names reporting next week that tend to positively surprise investors and boast strong post-earnings performances. The companies below have exceeded the Street’s earnings per share expectations 70% of the time and risen 2% or…
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Prabhakar Raghavan, senior vice president at Google, speaks during the US Conference of Mayors Winter Meeting in Washington, DC, US, on Wednesday, Jan. 17, 2024. Julia Nikhinson | Bloomberg | Getty ImagesGoogle is replacing Prabhakar Raghavan, the company’s search and ads boss, with longtime Google executive Nick Fox.The move was announced by Alphabet and Google CEO Sundar Pichai, who said that Raghavan will be moving into the role of Google chief technologist after 12 years of leading teams across the search company. Raghavan will continue to report to Pichai in the new CTO role, the company told CNBC in a statement.”Prabhakar…
New England Patriots center David Andrews came back to the sideline after a drive a few years ago, content with the job he’d just done blocking for quarterback Tom Brady.Unbeknownst to Andrews, though, an image captured by cameras and shown on the sideline tablets given to NFL teams told a different story.Legendary offensive line coach Dante Scarnecchia came over screaming. Even though Andrews thought he blocked his man just fine, the picture showed him out of place, and Scarnecchia wasn’t interested in debate. He let Andrews hear it.The next day, during a film review with the offensive line, video of…
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.India is mourning the death of Ratan Tata, the visionary industrialist and philanthropist.The former chairman of the Tata Group is known for bringing the storied salt-to-software conglomerate to the global stage via a string of high-profile acquisitions.His strong business acumen led him to become one of India’s wealthiest tycoons.The billionaire placed 421 in the IIFL Wealth Hurun India Rich List 2022, based on…
Check out the companies making the biggest moves midday: Taiwan Semiconductor — Shares surged 12% after the company, which is the world’s largest producer of advanced chips, reported a 54% gain in net profit for the third quarter driven by strong AI-related demand. Shares of chip giants Nvidia and Micron each rose about 3% in sympathy following the quarterly results. Nvidia — The AI-darling was up nearly 3% after hitting a record high earlier in the trading session. Taiwan Semiconductor, which is rallying on its earnings report, is a major Nvidia supplier. Expedia , Uber — Shares of the companies…
Third Point’s Daniel Loeb believes the odds are rising that former President Donald Trump will win the U.S. presidency this November over Vice President Kamala Harris and the influential hedge fund manager is increasing positions that would benefit under a Republican administration and Congress. “We believe that the likelihood of a Republican victory in the White House has increased, which would have a positive impact on certain sectors and the market overall,” wrote Loeb in a letter to investors obtained by CNBC. ” We believe the proposed ‘America First’ policy’s tariffs will increase domestic manufacturing, infrastructure spending, and prices of…
Stocks are starting to price in a Trump victory, possibly even a Republican sweep, according to JPMorgan. The recent rally in U.S. equities to all-time highs, and the outperformance of U.S. banks in particular, are among the signs that investors are betting on former President Donald Trump to win the November general election, and follows a similar pattern from 2016, the bank’s cross market strategist Nikolaos Panigirtzoglou wrote Wednesday. Take a look at the Dow Jones Industrial Average , which recently cleared the 43,000 milestone for the first time ever, or the S & P 500 , which surpassed 5,800.…
The head of the International Monetary Fund cautioned on Thursday that high debt and low growth remained major impediments to the global economy.IMF Managing Director Kristalina Georgieva told CNBC that while notable progress had been made in the global economic recovery, governments had become too accustomed to borrowing, with “anemic growth” adding to the challenges of servicing that debt.”It’s not yet time to celebrate,” she told Karen Tso. “When we look into the challenges ahead of us, the biggest one is low growth, high debt. This is where we can and must do better,” she added.While Georgieva commended the work…
CNBC’s Deirdre Bosa reports on news from Uber and Expedia. Source link
Jensen Huang, co-founder and CEO of Nvidia, speaks during an event in Taipei, Taiwan, on June 2, 2024.Annabelle Chih | Bloomberg | Getty ImagesShares of Nvidia rose to a new record Thursday as investors piled back in to the artificial intelligence trade, which had stalled a bit since the summer. The stock rose more than 3% at one point to briefly tap a new intraday high of $140.89.The new high bested a previous record of $140.76, which was set June 20. Shares were trading at about $139.59 as of 10.26 a.m. ET.Stock Chart IconStock chart iconNvidia, 5 yearsNvidia’s intraday record…
