Investing

Sentiment in Silicon Valley is that Facebook co-founder and CEO Mark Zuckerberg “doesn’t play by the rules,” according to CNBC’s Jim Cramer. The “Mad Money” host, whose charitable trust owns shares of Facebook, said he often visits California’s major tech hub and asks people “who do you not like?” Cramer said the answer is always
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Jefferies is getting more optimistic on Salesforce shares due to its strong deal pipeline. The firm reiterated its buy rating for Salesforce stock, predicting the cloud computing software company will report sales growth above expectations this fiscal year. Salesforce will report its fiscal second-quarter results on Aug. 29. “We believe that CRM will meet or
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The so-called “smart money” hedge funds are dramatically underperforming this year. Goldman Sachs explained the weakness is the result of big positions in Facebook shares and disastrous bets against stocks. The firm said the average stock hedge fund is down 1 percent this year through Aug. 17 versus the S&P 500’s 8 percent gain. “Volatility
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EA’s most important nonsports game for this holiday season is struggling, according to Cowen. The firm reiterated its market perform rating for Electronic Arts shares, citing weak preorders for the publisher’s “Battlefield V” title. “EA’s Battlefield V currently appears to potentially be headed for serious disappointment,” analyst Doug Creutz said in a note on Monday.
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Analysts are optimistic over Nvidia’s growth due to a new product cycle even as a key market falters. Nvidia shares are down 2.7 percent in Friday’s premarket session, a day after it reported better-than-expected fiscal second-quarter earnings Thursday. The company gave sales guidance slightly lower than the Wall Street consensus for the fiscal third quarter
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Semiconductor company Nvidia is scheduled to report quarterly earnings after the bell Thursday. And after introducing its eighth-generation graphics chip on Monday, the stock is up more than 32 percent year to date. Josh Brown of Ritholtz Wealth Management, a CNBC “Fast Money Halftime Report” trader, said investors will pay close attention to the chipmaker’s
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Constellation Brands just spent billions on pot. The wine and spirits company increased its investment in cannabis company Canopy Growth by $4 billion. Markets weren’t buying it. Constellation’s stock plummeted 6 percent on Wednesday in its worst daily performance since January 2017. “Here’s why the market hates it. They paid $4 billion for a company
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Morgan Stanley upgraded Chipotle to overweight from in-line, saying the company’s turnaround is working. “CMG is still early into a sales turnaround and has an attractive management change narrative and earnings recovery story,” wrote analyst John Glass in a note Wednesday. “While still early days in the brand’s long-awaited recovery, there is increasing evidence that
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Oppenheimer downgraded its rating of Tiffany shares to “perform” from “outperform” on Friday, saying “recent shifts in global currencies could weigh upon domestic sales to foreign tourists” for the luxury retailer. The firm pointed to a chart comparing the Chinese yuan to Tiffany’s sales in the U.S., saying the “devaluation of Chinese currencies could impact
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Crocs shares tumbled on Tuesday after it announced its chief financial officer would step down from that role this month and leave the company next year. Shares fell as much as 9 percent after Crocs said Carrie Teffner, executive vice president and CFO of the casual footwear brand, would be leaving the company next April.
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