One tech stock is up 300 percent in a year, but chart analyst calls it a FOMO rally

Twilio has surged more than 300 percent in 12 months, miles ahead of double-digt gains by Adobe, Workday and Salesforce. Blue Line Futures’ Bill Baruch says it might be too late to jump into the stock now. “Don’t simply chase this stock because of FOMO [fear of missing out]. It broke out above a potential ‘butting bearish wedge’ and that breakout level is going to be support above that trend line. A “butting bearish wedge” is formed when a trading range narrows as prices rise — Twilio broke out


Twilio has surged more than 300 percent in 12 months, miles ahead of double-digt gains by Adobe, Workday and Salesforce. Blue Line Futures’ Bill Baruch says it might be too late to jump into the stock now. “Don’t simply chase this stock because of FOMO [fear of missing out]. It broke out above a potential ‘butting bearish wedge’ and that breakout level is going to be support above that trend line. A “butting bearish wedge” is formed when a trading range narrows as prices rise — Twilio broke out
One tech stock is up 300 percent in a year, but chart analyst calls it a FOMO rally Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: keris lahiff, michael nagle, bloomberg, getty images, daniel acker, zhang peng, lightrocket, jason alden, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, baruch, going, 300, chase, twilio, trading, calls, id, bearish, chart, tech, rally, analyst, broke, wedge, stock, fomo


One tech stock is up 300 percent in a year, but chart analyst calls it a FOMO rally

One cloud tech stock has risen further and faster than all the rest.

Twilio has surged more than 300 percent in 12 months, miles ahead of double-digt gains by Adobe, Workday and Salesforce.

Blue Line Futures’ Bill Baruch says it might be too late to jump into the stock now.

“Don’t simply chase this stock because of FOMO [fear of missing out]. I’d rather miss a move than chase something,” Baruch said on CNBC’s “Trading Nation” on Wednesday. “Yes, Twilio is strong. It broke out above a potential ‘butting bearish wedge’ and that breakout level is going to be support above that trend line. Still, though, I wouldn’t chase this.”

On top of its 12-month surge, the stock has risen 20 percent just this year and reached record highs as recently as this week. A “butting bearish wedge” is formed when a trading range narrows as prices rise — Twilio broke out of this bearish channel earlier this year.

Instead of getting in now, Baruch is waiting for the cloud software stock to come back down to a more attractive entry point.

“It is out above the 50-day, 100-day, 200-day moving averages, but I’d wait for a little bit of a pullback coming into there. Look at a retracement,” said Baruch. Around “$85 or $90 – that’s where you’re going to find value in the stock rather than just chasing it.”

The bottom end of that range at $85 represents a 21 percent drop from Wednesday’s close of $106.87. Twilio first broke above that level last September.

Stacey Gilbert, head of derivative strategy at Susquehanna, says the stock is likely to continue its upward sprint based on market activity.

“Options are the market’s best guess of where the stock is going to be in the future, it’s the positioning of the future, and that remains bullish,” Gilbert said on “Trading Nation” on Wednesday. “So while the stock may be pulling back a little bit [on Wednesday] as a knee-jerk reaction and some profit-taking, I’d make an argument that the sentiment overall remains bullish.”

Twilio fell 7 percent on Wednesday after topping fourth-quarter earnings estimates, but falling short on first-quarter guidance.


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: keris lahiff, michael nagle, bloomberg, getty images, daniel acker, zhang peng, lightrocket, jason alden, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, baruch, going, 300, chase, twilio, trading, calls, id, bearish, chart, tech, rally, analyst, broke, wedge, stock, fomo


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Analysts see ‘more questions than answers’ for Nvidia’s earnings

A little over two weeks after Nvidia issued a negative earnings pre-announcement, analysts expectations continue to be very low for the gaming-card company when it reports after the bell on Thursday. Nvidia surprised investors and analysts on Jan. 28 by warning of a huge revenue miss,citing macro deterioration in China, data center issues, and weaker than expected sales. However, since the pre-announcement Nvidia is up 10 percent at $153.91 heading into Thursday trading. Despite the recent rise


A little over two weeks after Nvidia issued a negative earnings pre-announcement, analysts expectations continue to be very low for the gaming-card company when it reports after the bell on Thursday. Nvidia surprised investors and analysts on Jan. 28 by warning of a huge revenue miss,citing macro deterioration in China, data center issues, and weaker than expected sales. However, since the pre-announcement Nvidia is up 10 percent at $153.91 heading into Thursday trading. Despite the recent rise
Analysts see ‘more questions than answers’ for Nvidia’s earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: michael bloom, rick wilking
Keywords: news, cnbc, companies, negative, analyst, earnings, weaker, preannouncement, answers, think, stock, wait, questions, nvidia, analysts, weeks, nvidias


Analysts see 'more questions than answers' for Nvidia's earnings

A little over two weeks after Nvidia issued a negative earnings pre-announcement, analysts expectations continue to be very low for the gaming-card company when it reports after the bell on Thursday.

Nvidia surprised investors and analysts on Jan. 28 by warning of a huge revenue miss,citing macro deterioration in China, data center issues, and weaker than expected sales.

The stock has lost almost half its value in the last four4 months alone. However, since the pre-announcement Nvidia is up 10 percent at $153.91 heading into Thursday trading.

Despite the recent rise in shares, many analysts still remain conflicted on the stock.

Bernstein analyst Stacy Rasgon recently downgraded and lowered his price target noting, “Since the pre-announcement 2 weeks ago we have struggled with what to do with the stock, and have used the time to think through more broadly what the near to mid-term trajectory might bring. Coming out, we believe the shares are likely to remain hamstrung.”

“There are more questions than answers around this quarter, given the nearly $1 billion shortfall vs. January quarter consensus of 3 months ago,” Morgan Stanley analyst Joseph Moore said. He went on to say, “We see the stock as a core holding but it’s hard to argue for a large overweight position until visibility improves.”

Kirk Materne at Evercore ISI, pointed out in his analyst preview note that, “Investor sentiment is clearly very negative with management losing some credibility on the magnitude of the recent reset. But we think this will eventually pass. We believe mgmt. fundamentally misunderstood the negative adverse impact of Crypto.” They also think investors may eventually be rewarded for sticking with the stock.

Other analysts are taking more of a wait and see approach. “We think NVDA stock is range bound for the print and we wait for clarity on 2H.” RBC’s Mark Mahaney said.

“Overall tough fundamental set-up, but we think investor sentiment is even weaker, and some reassurance on sales recovery could be a contrarian positive for the stock,” said Vivek Arya at Bank of America. He did note that this is an “enhanced opportunity” to buy Nvidia shares.

Here’s what else analysts expect:


Company: cnbc, Activity: cnbc, Date: 2019-02-14  Authors: michael bloom, rick wilking
Keywords: news, cnbc, companies, negative, analyst, earnings, weaker, preannouncement, answers, think, stock, wait, questions, nvidia, analysts, weeks, nvidias


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Stocks making the biggest moves midday: Teva Pharmaceuticals, Hilton, Groupon & more

Check out the companies making headlines midday Wednesday:Diebold Nixdorf — Shares of the ATM maker surged more than 30 percent after reporting a better-than-expected quarterly revenue and upbeat guidance for 2019. Hilton Worldwide — The hotel operator climbed 5.8 percent on the back of better-than-expected quarterly earnings. Hilton said in its report its bottom line got a boost from higher room rates in the previous quarter. Dish Network — Dish shares dropped more than 8 percent after satellit


Check out the companies making headlines midday Wednesday:Diebold Nixdorf — Shares of the ATM maker surged more than 30 percent after reporting a better-than-expected quarterly revenue and upbeat guidance for 2019. Hilton Worldwide — The hotel operator climbed 5.8 percent on the back of better-than-expected quarterly earnings. Hilton said in its report its bottom line got a boost from higher room rates in the previous quarter. Dish Network — Dish shares dropped more than 8 percent after satellit
Stocks making the biggest moves midday: Teva Pharmaceuticals, Hilton, Groupon & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: fred imbert, drew angerer, getty images news, getty images
Keywords: news, cnbc, companies, higher, earnings, million, making, betterthanexpected, midday, pharmaceuticals, share, revenue, biggest, quarterly, groupon, hilton, teva, stock, stocks, analyst, moves, shares


Stocks making the biggest moves midday: Teva Pharmaceuticals, Hilton, Groupon & more

Check out the companies making headlines midday Wednesday:

Diebold Nixdorf — Shares of the ATM maker surged more than 30 percent after reporting a better-than-expected quarterly revenue and upbeat guidance for 2019. Diebold expects adjusted earnings before interest, taxes, appreciation and amortization to range between $380 million and $420 million, well above a FactSet estimate of $339.8 million.

Freeport-McMoRan — Freeport-McMoRan’s stock jumped more than 4 percent after an analyst at Morgan Stanley upgraded it, noting the company will get a boost from higher copper prices.

Hilton Worldwide — The hotel operator climbed 5.8 percent on the back of better-than-expected quarterly earnings. Hilton said in its report its bottom line got a boost from higher room rates in the previous quarter.

Dish Network — Dish shares dropped more than 8 percent after satellite TV service company’s fourth-quarter earnings missed analyst estimates. Dish also said it lost a net 334,000 subscribers in the previous quarters, more than expected.

Lattice Semiconductor — The chipmaker’s stock surged 24.6 percent after posting adjusted earnings per share of 8 cents, in line with analyst expectations, and better-than-expected quarterly revenue. Lattice also issued better-than-expected sales guidance for first-quarter 2019.

Activision Blizzard — Shares of Activision jumped more than 5 percent after the video game publisher reported adjusted quarterly profit of $1.29 per share, one cent above estimates. Activision also announced it would cut its workforce by about 8 percent, even as it boosts the number of developers by about 20 percent to increase new content.

McDermott International — Shares of McDermott tanked more than 23 percent after the construction company said it expects to report an additional $168 million charge for its Cameron LNG project in the fourth quarter of 2018. McDermott blamed the charge on unfavorable labor productivity, and increases in subcontract, commissioning and construction management costs.

Groupon — Groupon’s stock plummeted 13.51 percent on weaker-than-expected fourth-quarter earnings. The e-commerce company’s earnings were 10 cents per share, falling 3 cents short of analyst estimates. Groupon also said it expects earnings before interest, taxes, appreciation and amortization of $270 million for 2019, below a FactSet estimate of $301.6 million.

Teva Pharmaceuticals — Shares of the Israel-based drugmaker dropped more than 7 percent Wednesday after the company issued a disappointing revenue forecast for 2019, citing weaker-than-expected sales from its multiple sclerosis drug Copaxone. The world’s largest generic drugmaker also posted a larger-than-anticipated drop in profit for the fourth quarter. Teva is currently on pace for its worst day of trading since early August of last year.

Anadarko Petroleum, Devon Energy, Hess, Newfield Exploration — Energy stocks are far and away the best performing group in the S&P 500, boosted by a rise in crude oil prices. The benchmark West Texas Intermediate hit its highest level in over a week, driven in part by bullish data from the American Petroleum Institute that showed a surprise draw down in U.S. oil inventories. Among the individual stocks leading the group higher today include Anadarko Petroleum, Devon Energy, Hess, and Newfield Exploration – all higher by more than 3 percent.

—CNBC’s JR Reed, Yun Li and Nadine El-Bawab contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: fred imbert, drew angerer, getty images news, getty images
Keywords: news, cnbc, companies, higher, earnings, million, making, betterthanexpected, midday, pharmaceuticals, share, revenue, biggest, quarterly, groupon, hilton, teva, stock, stocks, analyst, moves, shares


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Najib’s 1MDB trial: Delay is a victory but not for long, analyst says

Any remaining political support for former Malaysian Prime Minister Najib Razak could “collapse” once a corruption trial related to the scandal-ridden state fund 1MDB gets underway — despite the ex-leader’s recent attempts to shore up his popularity on social media, an analyst said on Tuesday. The former leader has pleaded not guilty, and the trial for 10 of those charges was supposed to start on Tuesday, but was postponed pending an appeal. But those efforts may be futile because the trial — wh


Any remaining political support for former Malaysian Prime Minister Najib Razak could “collapse” once a corruption trial related to the scandal-ridden state fund 1MDB gets underway — despite the ex-leader’s recent attempts to shore up his popularity on social media, an analyst said on Tuesday. The former leader has pleaded not guilty, and the trial for 10 of those charges was supposed to start on Tuesday, but was postponed pending an appeal. But those efforts may be futile because the trial — wh
Najib’s 1MDB trial: Delay is a victory but not for long, analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: yen nee lee
Keywords: news, cnbc, companies, suspect, 1mdb, trial, media, long, political, support, najibs, victory, social, delay, tasmania, analyst, seen, money, chin


Najib's 1MDB trial: Delay is a victory but not for long, analyst says

Any remaining political support for former Malaysian Prime Minister Najib Razak could “collapse” once a corruption trial related to the scandal-ridden state fund 1MDB gets underway — despite the ex-leader’s recent attempts to shore up his popularity on social media, an analyst said on Tuesday.

Najib, ousted in an election in May last year, is facing more than 40 charges, including criminal breach of trust, money laundering and abuse of power in relation to 1MDB. The former leader has pleaded not guilty, and the trial for 10 of those charges was supposed to start on Tuesday, but was postponed pending an appeal.

The delay could be seen as a “victory” for Najib, whose recent social media activity — which includes releasing a music video — is widely seen by observers as an attempt to engineer a political comeback, said James Chin, director of the Asia Institute Tasmania at the University of Tasmania. But those efforts may be futile because the trial — when it eventually starts — will remind Malaysians of the scale of 1MDB’s alleged money laundering scandal, Chin added.

No new date has been set for the trial, but Reuters reported that a Malaysian prosecutor said the delay could last one or two weeks.

“Very often, the followers on social media and the likes you get on social media [do] not necessarily mean that you can translate that into broad political support in the real world. And also, I suspect that once the trial gets going, once people find out the amount of money involved and also how the money was misused, I suspect the political support will collapse after that,” Chin told CNBC’s “Street Signs” on Tuesday.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: yen nee lee
Keywords: news, cnbc, companies, suspect, 1mdb, trial, media, long, political, support, najibs, victory, social, delay, tasmania, analyst, seen, money, chin


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Najib’s 1MDB trial: Delay is a victory but not for long, analyst says

Any remaining political support for former Malaysian Prime Minister Najib Razak could “collapse” once a corruption trial related to the scandal-ridden state fund 1MDB gets underway — despite the ex-leader’s recent attempts to shore up his popularity on social media, an analyst said on Tuesday. The former leader has pleaded not guilty, and the trial for 10 of those charges was supposed to start on Tuesday, but was postponed pending an appeal. But those efforts may be futile because the trial — wh


Any remaining political support for former Malaysian Prime Minister Najib Razak could “collapse” once a corruption trial related to the scandal-ridden state fund 1MDB gets underway — despite the ex-leader’s recent attempts to shore up his popularity on social media, an analyst said on Tuesday. The former leader has pleaded not guilty, and the trial for 10 of those charges was supposed to start on Tuesday, but was postponed pending an appeal. But those efforts may be futile because the trial — wh
Najib’s 1MDB trial: Delay is a victory but not for long, analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: yen nee lee
Keywords: news, cnbc, companies, najibs, seen, long, 1mdb, chin, social, trial, victory, tasmania, media, suspect, political, money, analyst, delay, support


Najib's 1MDB trial: Delay is a victory but not for long, analyst says

Any remaining political support for former Malaysian Prime Minister Najib Razak could “collapse” once a corruption trial related to the scandal-ridden state fund 1MDB gets underway — despite the ex-leader’s recent attempts to shore up his popularity on social media, an analyst said on Tuesday.

Najib, ousted in an election in May last year, is facing more than 40 charges, including criminal breach of trust, money laundering and abuse of power in relation to 1MDB. The former leader has pleaded not guilty, and the trial for 10 of those charges was supposed to start on Tuesday, but was postponed pending an appeal.

The delay could be seen as a “victory” for Najib, whose recent social media activity — which includes releasing a music video — is widely seen by observers as an attempt to engineer a political comeback, said James Chin, director of the Asia Institute Tasmania at the University of Tasmania. But those efforts may be futile because the trial — when it eventually starts — will remind Malaysians of the scale of 1MDB’s alleged money laundering scandal, Chin added.

No new date has been set for the trial, but Reuters reported that a Malaysian prosecutor said the delay could last one or two weeks.

“Very often, the followers on social media and the likes you get on social media [do] not necessarily mean that you can translate that into broad political support in the real world. And also, I suspect that once the trial gets going, once people find out the amount of money involved and also how the money was misused, I suspect the political support will collapse after that,” Chin told CNBC’s “Street Signs” on Tuesday.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: yen nee lee
Keywords: news, cnbc, companies, najibs, seen, long, 1mdb, chin, social, trial, victory, tasmania, media, suspect, political, money, analyst, delay, support


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Activision Blizzard’s forward numbers are now derisked: Analyst

Activision Blizzard’s forward numbers are now derisked: Analyst12 Hours AgoMatthew Thornton of SunTrust Robinson Humphrey explains why he recommends buying Activision Blizzard’s stocks despite the company missing earnings estimates for the fourth quarter of 2018.


Activision Blizzard’s forward numbers are now derisked: Analyst12 Hours AgoMatthew Thornton of SunTrust Robinson Humphrey explains why he recommends buying Activision Blizzard’s stocks despite the company missing earnings estimates for the fourth quarter of 2018.
Activision Blizzard’s forward numbers are now derisked: Analyst Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12
Keywords: news, cnbc, companies, derisked, activision, stocks, robinson, suntrust, recommends, forward, blizzards, quarter, thornton, analyst, numbers, missing


Activision Blizzard's forward numbers are now derisked: Analyst

Activision Blizzard’s forward numbers are now derisked: Analyst

12 Hours Ago

Matthew Thornton of SunTrust Robinson Humphrey explains why he recommends buying Activision Blizzard’s stocks despite the company missing earnings estimates for the fourth quarter of 2018.


Company: cnbc, Activity: cnbc, Date: 2019-02-12
Keywords: news, cnbc, companies, derisked, activision, stocks, robinson, suntrust, recommends, forward, blizzards, quarter, thornton, analyst, numbers, missing


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A tale of two toymakers: Mattel soars, Hasbro sinks, but there’s more to the story

On Friday shares of Mattel continued to soar after a strong earnings beat on Thursday, while shares of rival Hasbro sank, the result of a poor earnings showing before the bell. The bankruptcy and subsequent closure of Toys R Us meant Hasbro, Mattel and other toymakers had far fewer shelves on which to place their inventory than in years prior. Investors rallied behind Mattel on Thursday after the company exceeded analyst expectations during the fourth quarter. The company posted weaker-than-expe


On Friday shares of Mattel continued to soar after a strong earnings beat on Thursday, while shares of rival Hasbro sank, the result of a poor earnings showing before the bell. The bankruptcy and subsequent closure of Toys R Us meant Hasbro, Mattel and other toymakers had far fewer shelves on which to place their inventory than in years prior. Investors rallied behind Mattel on Thursday after the company exceeded analyst expectations during the fourth quarter. The company posted weaker-than-expe
A tale of two toymakers: Mattel soars, Hasbro sinks, but there’s more to the story Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: sarah whitten, target ramps up toy department in time for the hol
Keywords: news, cnbc, companies, hasbro, shares, past, toys, stock, company, sinks, toymakers, mattel, theres, tale, market, analyst, soars


A tale of two toymakers: Mattel soars, Hasbro sinks, but there's more to the story

On Friday shares of Mattel continued to soar after a strong earnings beat on Thursday, while shares of rival Hasbro sank, the result of a poor earnings showing before the bell. But there is more going on than these stock moves show.

It was clear heading into the holiday season that the toy industry was going to take a hit. The bankruptcy and subsequent closure of Toys R Us meant Hasbro, Mattel and other toymakers had far fewer shelves on which to place their inventory than in years prior.

While a number of retailers, including Target, Walmart and even drugstores, expanded their toy sections this past holiday season, it wasn’t enough to offset the hole left by Toys R Us’ departure from the market.

Industry-wide sales of toys fell 2 percent in 2018, according to market researcher NPD Group.

Investors rallied behind Mattel on Thursday after the company exceeded analyst expectations during the fourth quarter. Shares spiked as much as 27 percent on Friday before retreating slightly. The stock is down nearly 6 percent over the past year, putting its market value at $4.3 billion. Analysts expressed renewed confidence in the company, which has been in the midst of a multiyear turnaround.

“Mattel’s Q4 results were materially better relative to expectations, in our opinion, and hence we came away from this update incrementally more upbeat on business fundamentals,” Drew Crum, analyst at Stifel, wrote in a research note Thursday.

Investors and analysts were less confident about Hasbro, however. The company posted weaker-than-expected profits and continued to blame Toys R Us for its sales woes.

“We are surprised with the severity of the miss, but take some solace that retail inventory levels have significantly declined, which should allow Hasbro to start 2019 with a relatively clean channel and a more efficient cost structure,” Eric Handler, analyst at MKM Partners, wrote in a research note Friday.

Hasbro shares were down 4.9 percent Friday after falling as much as 10 percent before the opening bell. Hasbro’s stock is down nearly 11 percent over the past year, bringing its market value to $11.4 billion.

“If you took the logo off the top, Hasbro’s earnings read like a company that was restructuring and Mattel read like a growth company,” said Gerrick Johnson, analyst at BMO Capital Markets.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: sarah whitten, target ramps up toy department in time for the hol
Keywords: news, cnbc, companies, hasbro, shares, past, toys, stock, company, sinks, toymakers, mattel, theres, tale, market, analyst, soars


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Banks in Europe struggle to find talent with US rivals paying top dollar

European banks are finding it hard to recruit the right people due to new regulations and intense competition from some of their U.S. peers, industry insiders have told CNBC. said a senior executive at a European bank told CNBC who preferred to remain anonymous due to the sensitive nature of the topic. A junior-level analyst in a trading role at a European bank can start at anything between $50,000 to $60,000 for a base salary. On top of this they would receive allowances and a bonus, which can


European banks are finding it hard to recruit the right people due to new regulations and intense competition from some of their U.S. peers, industry insiders have told CNBC. said a senior executive at a European bank told CNBC who preferred to remain anonymous due to the sensitive nature of the topic. A junior-level analyst in a trading role at a European bank can start at anything between $50,000 to $60,000 for a base salary. On top of this they would receive allowances and a bonus, which can
Banks in Europe struggle to find talent with US rivals paying top dollar Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: spriha srivastava, monkeybusinessimages, istock, getty images, laurie noble, stone, – a senior executive at a european bank told cnbc, -joseph leung, founder, managing partner at recruitment firm aubreck leung
Keywords: news, cnbc, companies, europe, struggle, told, bank, dollar, analyst, rivals, european, widen, paying, banks, trading, right, vicious, topicyou, talent


Banks in Europe struggle to find talent with US rivals paying top dollar

European banks are finding it hard to recruit the right people due to new regulations and intense competition from some of their U.S. peers, industry insiders have told CNBC.

“It is a vicious circle, isn’t it?” said a senior executive at a European bank told CNBC who preferred to remain anonymous due to the sensitive nature of the topic.

“You want to hire the right talent because you can see the business is suffering, but you don’t get approvals for the headcount and when you finally do, you aren’t able to match the salaries,” they told CNBC.

Pay in the banking sector is generally higher compared to other industries. A junior-level analyst in a trading role at a European bank can start at anything between $50,000 to $60,000 for a base salary. On top of this they would receive allowances and a bonus, which can sometimes be given in the form of company shares.

This is where U.S. banks differ as they tend to stick to cash bonuses, taking the overall compensation of a junior analyst to somewhere between $80,000 to $100,000. This gap starts to widen more as employees go up the ladder.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: spriha srivastava, monkeybusinessimages, istock, getty images, laurie noble, stone, – a senior executive at a european bank told cnbc, -joseph leung, founder, managing partner at recruitment firm aubreck leung
Keywords: news, cnbc, companies, europe, struggle, told, bank, dollar, analyst, rivals, european, widen, paying, banks, trading, right, vicious, topicyou, talent


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Chip stocks fall after Goldman and others warn they’ve gotten ahead of themselves

The Goldman warning comes amid a strong rally in chipmaker stocks, which bounced off a steep December decline and have since posted double-digit gains to start the new year. Angst mounted in the semiconductors space in late in 2018 amid the U.S.-China trade war and general concerns around China’s economic growth. While the Greensboro, North Carolina-based semiconductor company topped analyst profit expectations in the third quarter, it offered fourth-quarter earnings guidance of $1.05, well belo


The Goldman warning comes amid a strong rally in chipmaker stocks, which bounced off a steep December decline and have since posted double-digit gains to start the new year. Angst mounted in the semiconductors space in late in 2018 amid the U.S.-China trade war and general concerns around China’s economic growth. While the Greensboro, North Carolina-based semiconductor company topped analyst profit expectations in the third quarter, it offered fourth-quarter earnings guidance of $1.05, well belo
Chip stocks fall after Goldman and others warn they’ve gotten ahead of themselves Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: thomas franck, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, stocks, analyst, semiconductor, goldman, theyve, warn, company, chip, rally, steep, smartphone, semiconductors, gotten, space, earnings, ahead, fall


Chip stocks fall after Goldman and others warn they've gotten ahead of themselves

The Goldman warning comes amid a strong rally in chipmaker stocks, which bounced off a steep December decline and have since posted double-digit gains to start the new year. Angst mounted in the semiconductors space in late in 2018 amid the U.S.-China trade war and general concerns around China’s economic growth. Demand also slowed between softer iPhone sales and a deceleration in cryptocurrency mining ventures.

And while those fears abated in the final days of 2018 and into the new year, Goldman and others have cautioned that the pain may not be over yet.

“Our near-term caution about being too early on memory is not just about avoiding catching a falling knife, but also the fact that upturns typically last for a year or longer,” Delaney added. “It’s only the second quarter of the DRAM downturn, and while NAND has been weak for several quarters there are still high levels of NAND inventory and demand in key markets like smartphones is quite weak.”

Also weighing on the chipmaker space Friday was Qorvo’s quarterly earnings report. While the Greensboro, North Carolina-based semiconductor company topped analyst profit expectations in the third quarter, it offered fourth-quarter earnings guidance of $1.05, well below consensus estimates of $1.33. The company reported earnings Thursday after market close.

“Qorvo’s March quarterly guidance reflects weakness in the broader smartphone market, partially offset by content gains with the leading Korea-based smartphone manufacturer and double-digit, year-over-year growth in IDP,” Chief Financial Officer Mark Murphy said of the projection. Qorvo’s stock was last seen down more than 6 percent.

Mizuho also penned a more bearish note on semiconductor stocks Friday. Analyst Vijay Rakesh downgraded Dutch chip manufacturer NXP Semiconductors, telling clients that while management’s cost control initiative is appreciated, the company’s 2019 global GDP outlook looks a little optimistic. Further, the stock’s valuation seems steep following a 40 percent rally since December, the analyst wrote.

“While CEO Rick Clemmer and CFO Peter Kelly have executed well with cost controls and steering the company, we are moving to the sidelines as we see continued challenges in China and Europe with auto and industrial headwinds limiting meaningful upside,” he wrote.

NXP fell 2.8 percent Friday.

— CNBC’s Michael Bloom contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: thomas franck, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, stocks, analyst, semiconductor, goldman, theyve, warn, company, chip, rally, steep, smartphone, semiconductors, gotten, space, earnings, ahead, fall


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Investors want to know if Twitter growth can continue, says research analyst

Investors want to know if Twitter growth can continue, says research analyst3 Hours AgoTwitter reported fourth-quarter 2018 earnings and revenue that beat analysts’ estimates. CNBC’s “Power Lunch” team is joined by Anthony DiClemente, research analyst with the Evercore Group, to break down why shares are sliding.


Investors want to know if Twitter growth can continue, says research analyst3 Hours AgoTwitter reported fourth-quarter 2018 earnings and revenue that beat analysts’ estimates. CNBC’s “Power Lunch” team is joined by Anthony DiClemente, research analyst with the Evercore Group, to break down why shares are sliding.
Investors want to know if Twitter growth can continue, says research analyst Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: kim kulish, getty images
Keywords: news, cnbc, companies, shares, research, lunch, twitter, team, sliding, know, analyst, investors, continue, reported, revenue, power, growth


Investors want to know if Twitter growth can continue, says research analyst

Investors want to know if Twitter growth can continue, says research analyst

3 Hours Ago

Twitter reported fourth-quarter 2018 earnings and revenue that beat analysts’ estimates. CNBC’s “Power Lunch” team is joined by Anthony DiClemente, research analyst with the Evercore Group, to break down why shares are sliding.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: kim kulish, getty images
Keywords: news, cnbc, companies, shares, research, lunch, twitter, team, sliding, know, analyst, investors, continue, reported, revenue, power, growth


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