Nikesh Arora, CEO of Palo Alto Networks, looks on during the closing bell at the Nasdaq Market in New York City, U.S., March 25, 2025. Jeenah Moon | ReutersCyberArk shares soared as much as 18% on Tuesday after The Wall Street Journal reported that cybersecurity provider Palo Alto Networks has held discussions to buy the identity management software maker for over $20 billion.Cloud security is becoming an increasingly critical piece of the enterprise tech stack, especially as rapid advancements in artificial intelligence bring with them a whole new set of threats, and as ransomware attacks become more commonplace.Founded in 2005,…
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A Gucci logo is displayed at their store on May 30, 2025 in Washington, DC.Kevin Carter | Getty Images News | Getty ImagesGucci-owner Kering on Tuesday posted worse-than-feared second-quarter results and flagged ongoing geopolitical uncertainty as woes persist at the beleaguered luxury group.Sales at the high-end fashion house dropped 15% year-on-year on a comparable basis to 3.7 billion euros ($4.27 billion), compared to the the 3.96 billion euros forecast by LSEG analysts.Gucci sales, which typically make up nearly half of total group revenues, plunged 25% over the quarter to 1.46 billion euros.Chairman and CEO François-Henri Pinault acknowledged the results as disappointing,…
Investors wanting to get in early on the emerging space of quantum computing might want to consider D-Wave and IonQ , according to Rosenblatt analyst Kevin Garrigan. He initiated the two quantum computing stocks with buy ratings and a price target of $30 for D-Wave and $70 for IonQ. Those predictions imply gains of about 64% or more for both stocks from their latest close. “Quantum computing promises to solve certain classes of problems that are intractable for even the most advanced classical supercomputers,” Garrigan wrote in a Monday note to clients. “While widespread quantum advantage is still several years…
After Whirlpool slashed its dividend post-market Monday, investors are on high alert for other companies that could follow suit. CNBC Pro has some names to keep an eye on. The Michigan-based appliance maker expect to cut its annual payout payout to $3.60 per share from $7. Whirlpool also posted a disappointing second-quarter earnings report, which sent shares plunging as much as 14% Tuesday. Whirlpool’s move can raise concern that some companies will need to pull back shareholder dividends as macroeconomic uncertainty and tariffs weigh on their business. Given that, CNBC Pro screened the companies in the S & P 1500…
These are some of the stocks posting the largest moves midday. Source link
Despite posting strong numbers — with revenue up 16% and full-year guidance raised — Netflix (NFLX) has taken a surprising hit, sliding 8% over the past 11 trading days. When a fundamentally solid stock like this pulls back hard, it tends to raise eyebrows. And for mean reversion traders, that’s exactly the kind of set-up that gets us interested. The key question, though, is how do you know when the selling has run its course? Just because a stock drops doesn’t make it an automatic buy — the trick is identifying the turning point with some degree of confidence. That’s…
Tom Lee, managing partner and the head of research at Fundstrat Global Advisors, speaks on CNBC’s “The Exchange” on Oct. 31, 2023.Adam Jeffery | CNBCAn ETF driven by Tom Lee, an unabashed bull on Wall Street with a big online fandom, just hit another milestone.His first exchange-traded fund Fundstrat Granny Shots US Large Cap ETF (GRNY) has surpassed $2 billion in assets under management in less than nine months since its inception in November.It marks a rare success story in an industry where raising just 10% of that level can take years. The speed to reach $2 billion ranks no.1 out of…
Rare earths refer to 17 elements on the periodic table whose atomic structure gives them special magnetic properties. They’re also the most important bargaining chip in the U.S. and China trade war.That’s because these rare earth magnets power everything from electric vehicles and wind turbines to defense equipment, data centers and high-tech consumer electronics. The United States used to be an industry leader of rare earth production, but for the last several decades, the U.S. and the rest of the world have largely depended on China for the majority of their rare earths — China mines around 70% and processes around…
JPMorgan Chase, already the largest credit card issuer in the U.S., is nearing a deal to take over the Apple Card portfolio from Goldman Sachs, people familiar with the matter told CNBC.The banks declined to comment to CNBC. Apple didn’t immediately return request for comment. The Wall Street Journal first reported the potential deal. This story is developing. Please check back for updates. Source link
A UPS truck is parked as a driver makes a delivery on January 30, 2024 in Miami Beach, Florida.Joe Raedle | Getty ImagesUnited Parcel Service reported a decline in second-quarter profit and revenue on Tuesday, as demand took a hit from new “de minimis” tariffs on low-value Chinese shipments and mounting risks from President Donald Trump’s trade policies.The White House in May began collecting tariffs on shipments under $800 from China that were previously duty-free. While those levies were reduced to 54% from 120% as part of a trade truce, consumer demand is still expected to take a hit.Experts believe…
