Cramer Remix: Stick with this beverage stock for the long term

The stock is up nearly 4% from its April 16 close, a day before it delivered better-than-expected first quarter results. The food and beverage giant, which includes brands such as Frito-Lay, Gatorade, Pepsi-Cola, and Tropicana, has spent money to turn its business around and their plan is working, Cramer said. The company also recorded profit of 97 cents per share and revenue of $12.88 billion, which topped expectations of 92 cents per share and $12.70 billion revenue. PepsiCo maintained its ful


The stock is up nearly 4% from its April 16 close, a day before it delivered better-than-expected first quarter results. The food and beverage giant, which includes brands such as Frito-Lay, Gatorade, Pepsi-Cola, and Tropicana, has spent money to turn its business around and their plan is working, Cramer said. The company also recorded profit of 97 cents per share and revenue of $12.88 billion, which topped expectations of 92 cents per share and $12.70 billion revenue. PepsiCo maintained its ful
Cramer Remix: Stick with this beverage stock for the long term Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: tyler clifford, david paul morris, bloomberg, getty images, adam jeffery, scott mlyn, brendan mcdermid
Keywords: news, cnbc, companies, fritolay, business, company, money, beverage, cents, long, turn, stock, stick, remix, pepsico, term, cramer, share


Cramer Remix: Stick with this beverage stock for the long term

Investors should believe the top brass of a company with a good, long-term track record when its management says it can turn things around, CNBC’s Jim Cramer said Tuesday.

PepsiCo, which has doubled its dividend in the past decade, is one of those names to put faith behind even when analysts are against the odds, he said. The stock is up nearly 4% from its April 16 close, a day before it delivered better-than-expected first quarter results.

“If you gave PepsiCo the benefit of the doubt, you now have some terrific gains, and even after this move, I still like the stock for the long term because this team has proven that they can innovate on the fly,” the “Mad Money” host said.

The food and beverage giant, which includes brands such as Frito-Lay, Gatorade, Pepsi-Cola, and Tropicana, has spent money to turn its business around and their plan is working, Cramer said. Frito-Lay has been surging, and the North American beverage business got a boost after introducing new packaging formats and new products in Bubly and LIFEWTR, he added.

In its earnings report last Wednesday, PepsiCo revealed that core sales grew 5.2%, its fastest pace in more than three years. The company also recorded profit of 97 cents per share and revenue of $12.88 billion, which topped expectations of 92 cents per share and $12.70 billion revenue.

PepsiCo maintained its full-year guidance, but Cramer said it could be a conservative call to under promise and over deliver.

“In response, the stock surged to new highs and the bears at Goldman Sachs [were] forced to upgrade the stock from sell back to neutral,” he said. “At what point do you think they have to go to a buy, if it goes down 30 cents, don’t you think?”

Get Cramer’s full insight here


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: tyler clifford, david paul morris, bloomberg, getty images, adam jeffery, scott mlyn, brendan mcdermid
Keywords: news, cnbc, companies, fritolay, business, company, money, beverage, cents, long, turn, stock, stick, remix, pepsico, term, cramer, share


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Earnings and data could be proof that slowdown fears were overblown

The outlook for first-quarter growth has suddenly shifted upward, after a series of better data releases later in the quarter. This past week, China reported first-quarter GDPat 6.4%, slightly better than the 6.3% expected by economists. I think investors have kind of gotten past this notion of global downturn. I do think next week is going to be important for earnings. Dan Suzuki, portfolio strategist at Richard Bernstein Advisors, said he still sees deteriorating fundamentals for both earnings


The outlook for first-quarter growth has suddenly shifted upward, after a series of better data releases later in the quarter. This past week, China reported first-quarter GDPat 6.4%, slightly better than the 6.3% expected by economists. I think investors have kind of gotten past this notion of global downturn. I do think next week is going to be important for earnings. Dan Suzuki, portfolio strategist at Richard Bernstein Advisors, said he still sees deteriorating fundamentals for both earnings
Earnings and data could be proof that slowdown fears were overblown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-19  Authors: patti domm, brendan mcdermid
Keywords: news, cnbc, companies, important, slowdown, quarter, investors, proof, china, market, overblown, fears, earnings, data, going, think, week


Earnings and data could be proof that slowdown fears were overblown

Earnings season shifts into a higher gear in the week ahead, as investors also watch for fresh economic data that could show that the economy is pulling out of a temporary rut.

Amazon, Boeing, Microsoft and ExxonMobil are among more than 140 S&P 500 companies reporting quarterly results. According to Refinitiv, 74% of the companies reporting so far have beaten expectations. Based on forecasts and actual reports, earnings for the S&P 500 as a whole are expected to decline 1.7%, the first negative quarter in three years. Some forecasters had projected an earnings decline of 4% or more.

The equivalent of the economy’s first-quarter report card will be released Friday, with the first reading of GDP. The outlook for first-quarter growth has suddenly shifted upward, after a series of better data releases later in the quarter. CNBC/Moody’s Analytics Rapid Update survey shows economists’ median forecast is now tracking at 2.4%, way above the 1% expected earlier in the quarter, when severe winter weather and the government shutdown were stifling the economy.

At the same time, investors are feeling better about global growth and far less fearful of a recession in the near term. One reason is that China’s data has also been picking up. This past week, China reported first-quarter GDPat 6.4%, slightly better than the 6.3% expected by economists.

“I think a lot of this is leveraged on economic activity. I think investors have kind of gotten past this notion of global downturn. The China number was pretty good earlier in the week. I do think next week is going to be important for earnings. We’re going to get a great cross section of industries,” said Jack Ablin, CIO at Cresset Wealth Advisors. On Wednesday, China’s first quarter GDP

U.S. trade talks with China could be also important in the week ahead, with negotiations continuing and investors awaiting news of a summit between President Donald Trump and China President Xi Jinping.

Dan Suzuki, portfolio strategist at Richard Bernstein Advisors, said he still sees deteriorating fundamentals for both earnings and the economy, even though data appears to be improving.

“I think it’s a function of expectations were probably dropping too quickly, and I think recent data is telling you that growth isn’t collapsing but it’s slowing,” he said. “I think that’s very important. That’s probably going to be the most important dynamic. That’s probably going to continue.”

That could make for a choppier market at some point, he said. Suzuki said he could see stocks ending the year higher than current levels but he expects to see the market pull back first.

The market shrugged off Thursday’s release of special counsel Robert Mueller’s report on the Trump campaign and Russian election interference.

“This type of thing firmly falls into the category of it can move the needle for the market on a daily or weekly performance basis, but it’s not going to be a longer term story for the market,” Suzuki said. Analysts have said the economy’s performance is more important for Trump’s reelection than the report at this point.

What to Watch

Monday

Earnings: Halliburton, Kimberly-Clark, Whirlpool, Celanese, Allison Transmission, Range Resources, WW Grainger, Zions Bancorp, Cadence Designs

10:00 a.m. Existing home sales

Tuesday

Earnings: Coca-Cola, Lockheed Martin, Procter and Gamble, Verizon, Twitter, NextEra Energy, Northern Trust, Teradyne, Carlisle Cos, United Technologies, Fifth Third, JetBlue, Harley Davidson, PulteGroup, State Street, eBay, Six Flags, Stryker, Snap, Texas Instruments, Canadian Pacific Railway, Kaiser aluminum

9:00 a.m. FHFA home prices

9:45 a.m. Manufacturing PMI 9:45 a.m. Services PMI 10:00 a.m. New home sales

Wednesday

Earnings: AT&T, Caterpillar, Boeing, Facebook, Microsoft, Visa, Tesla, PayPal, General Dynamics, Northrop Grumman, Chipotle Mexican Grill, F5 Networks, Boston Beer, Churchill Downs, Netgear, Sirius XM, Moody’s, T.Rowe Price, Spirit Airlines, Graco, Biogen, Domino’s Pizza, Nasdaq OMX, Anthem, Boston Scientific

Thursday

Earnings: Amazon, 3M, Comcast, Bristol-Myers Squibb, Freeport-McMoRan, Hershey, Alexion Pharma, Altria, Barclays, UBS, Starbucks, Intel, Ford, Discover Financial, Eastman Chemical, Alaska Air, American Electric, Illinois Tool Works, Nintendo, UPS, DR Horton, Capitol One, Valero Energy, Southwest Air, Nokia, Tractor Supply, Brunswick

8:30 a.m. Initial claims

8:30 a.m. Durable goods 10:00 a.m. Housing vacancies

Friday

Earnings: Exxon Mobil, Chevron; Archer Daniels Midland, AstraZeneca, Colgate-Palmolive, Daimler, Cabot Oil and Gas, AutoNation, Autoliv, Bloomin’ Brands, Deutsche Bank, Sanofi, Sony,

8:30 a .m. Real GDP (Q1 advance)

8:30 a.m. Advance economic indicators

10:00 a.m. Consumer sentiment


Company: cnbc, Activity: cnbc, Date: 2019-04-19  Authors: patti domm, brendan mcdermid
Keywords: news, cnbc, companies, important, slowdown, quarter, investors, proof, china, market, overblown, fears, earnings, data, going, think, week


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Global investors haven’t been this worried about the economy since 2016

But 66% also see below-trend economic growth and low inflation, the highest percent since October 2016. Seventy percent expect a global recession to start in the second half of 2020 or later, while 86% do not believe the inversion of the U.S. Treasury yield curve signals an impending recession. The fund managers continue to see the biggest risks as the trade war and China’s growth slowdown. Fund managers did increase their exposure to cyclical risk in the month by adding stocks and reducing cash


But 66% also see below-trend economic growth and low inflation, the highest percent since October 2016. Seventy percent expect a global recession to start in the second half of 2020 or later, while 86% do not believe the inversion of the U.S. Treasury yield curve signals an impending recession. The fund managers continue to see the biggest risks as the trade war and China’s growth slowdown. Fund managers did increase their exposure to cyclical risk in the month by adding stocks and reducing cash
Global investors haven’t been this worried about the economy since 2016 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: patti domm, brendan mcdermid
Keywords: news, cnbc, companies, managers, economy, global, havent, 2016, growth, stocks, half, zone, trade, worried, fund, second, rates, investors


Global investors haven't been this worried about the economy since 2016

Global fund managers have positioned their portfolios for slower growth and lower interest rates, but they do not foresee a recession until the second half of next year at the earliest, according to a new survey.

More than half, or 53%, of the fund managers in the monthly Bank of America Merrill Lynch survey believe the Fed is done raising interest rates, and just 13% expect higher global short-term rates, the lowest level since August 2012.

But 66% also see below-trend economic growth and low inflation, the highest percent since October 2016. Seventy percent expect a global recession to start in the second half of 2020 or later, while 86% do not believe the inversion of the U.S. Treasury yield curve signals an impending recession.

Betting against European stocks was the most crowded trade in April, for a second month. While investors are negative on Europe, the second-most crowded trade favors buying big-cap growth names in the U.S. and China, through FAANG and BAT.

FAANG stocks are Facebook, Amazon, Apple, Netflix and Alphabet, while BAT represents Baidu, Alibaba and Tencent. The third- and fourth-most crowded trades are long U.S. dollar and then long Treasurys.

There were 187 participants in the survey, which was conducted between April 5-11.

The fund managers continue to see the biggest risks as the trade war and China’s growth slowdown. Trade wars have edged out China’s growth slowdown as the bigger worry in 10 of the last 11 months. The dominant concerns since 2011 have been euro zone debt, possible breakdown of the euro zone, Chinese growth, populism, quantitative tightening and trade wars.

Fund managers did increase their exposure to cyclical risk in the month by adding stocks and reducing cash. But the investing pros are most heavily positioned in utilities, and their allocation to global bank stocks is the lowest since September 2016. They also favor cash and emerging markets vs. stocks and the euro zone.


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: patti domm, brendan mcdermid
Keywords: news, cnbc, companies, managers, economy, global, havent, 2016, growth, stocks, half, zone, trade, worried, fund, second, rates, investors


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Sprint stock falls 10% on report T-Mobile merger is unlikely to be approved as currently structured

The Justice Department is unlikely to approve a planned $26 billion merger between T-Mobile and Sprint, The Wall Street Journal reported Tuesday. Shares of Sprint plunged as much as 12% in after-hours trading following the report, while T-Mobile fell more than 4%. The Justice Department did not immediately respond to a request for comment. About a year ago, T-Mobile and Sprint announced they had reached an all-stock stock deal to combine the companies. Read the full report in The Wall Street Jou


The Justice Department is unlikely to approve a planned $26 billion merger between T-Mobile and Sprint, The Wall Street Journal reported Tuesday. Shares of Sprint plunged as much as 12% in after-hours trading following the report, while T-Mobile fell more than 4%. The Justice Department did not immediately respond to a request for comment. About a year ago, T-Mobile and Sprint announced they had reached an all-stock stock deal to combine the companies. Read the full report in The Wall Street Jou
Sprint stock falls 10% on report T-Mobile merger is unlikely to be approved as currently structured Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: christine wang, brendan mcdermid
Keywords: news, cnbc, companies, unlikely, street, currently, merger, justice, department, approved, sprint, stock, trading, journal, structured, deal, wall, report, falls, tmobile


Sprint stock falls 10% on report T-Mobile merger is unlikely to be approved as currently structured

The Justice Department is unlikely to approve a planned $26 billion merger between T-Mobile and Sprint, The Wall Street Journal reported Tuesday.

Staffers from the Justice Department have reportedly told both carriers that the deal may not be approved under its current structure, the Journal reported, citing people familiar with the matter.

Reuters later confirmed the report with one person familiar with the matter, who cautioned that a final decision has not been made.

Shares of Sprint plunged as much as 12% in after-hours trading following the report, while T-Mobile fell more than 4%.

A spokesman for Sprint declined to comment to CNBC. The Justice Department did not immediately respond to a request for comment.

About a year ago, T-Mobile and Sprint announced they had reached an all-stock stock deal to combine the companies. Shareholders of both companies approved the deal in October, which later received national security clearance.

But the deal’s greatest regulatory hurdle was that it would combine the third- and fourth-largest wireless providers in the U.S., a market with only two other participants: AT&T and Verizon.

Shares of Verizon slipped about 1% in postmarket trading Tuesday, while AT&T edged 0.6% lower.

Critics of the merger have argued it would lead to job loss, decreased competition and increased prices for consumers, especially in rural America.

In February, T-Mobile CEO John Legere defended the deal before Congress, asserting that the deal would create jobs and lower prices.

Read the full report in The Wall Street Journal.


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: christine wang, brendan mcdermid
Keywords: news, cnbc, companies, unlikely, street, currently, merger, justice, department, approved, sprint, stock, trading, journal, structured, deal, wall, report, falls, tmobile


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Pinterest IPO valuation: Cheap or expensive?

Pinterest IPO valuation: Cheap or expensive? 2 Hours AgoCNBC’s Leslie Picker joins “Squawk Alley” to talk about Pinterest’s valuation ahead of its impending IPO.


Pinterest IPO valuation: Cheap or expensive? 2 Hours AgoCNBC’s Leslie Picker joins “Squawk Alley” to talk about Pinterest’s valuation ahead of its impending IPO.
Pinterest IPO valuation: Cheap or expensive? Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: brendan mcdermid
Keywords: news, cnbc, companies, pinterests, expensive, leslie, picker, impending, valuation, pinterest, ipo, cheap, talk, squawk, joins


Pinterest IPO valuation: Cheap or expensive?

Pinterest IPO valuation: Cheap or expensive?

2 Hours Ago

CNBC’s Leslie Picker joins “Squawk Alley” to talk about Pinterest’s valuation ahead of its impending IPO.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: brendan mcdermid
Keywords: news, cnbc, companies, pinterests, expensive, leslie, picker, impending, valuation, pinterest, ipo, cheap, talk, squawk, joins


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Zoom is poised to be one of the most richly valued tech companies after it goes public

On Monday, it gave a price range of $28 to $32 a share, and given the commentary from investors, the price could go even higher. But even if it just prices at the top of the current range, Zoom will be one of the richest valued software companies on the market. Here’s the math:At $32, Zoom would have a market value of $8.25 billion. Lyft has an EV/sales ratio of 10.4, and Pinterest’s ratio is about 11 based on the top end of its price range. If Zoom were to price at $32 and go up a fairly modest


On Monday, it gave a price range of $28 to $32 a share, and given the commentary from investors, the price could go even higher. But even if it just prices at the top of the current range, Zoom will be one of the richest valued software companies on the market. Here’s the math:At $32, Zoom would have a market value of $8.25 billion. Lyft has an EV/sales ratio of 10.4, and Pinterest’s ratio is about 11 based on the top end of its price range. If Zoom were to price at $32 and go up a fairly modest
Zoom is poised to be one of the most richly valued tech companies after it goes public Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-10  Authors: ari levy, courtesy of zoom video communications, brendan mcdermid
Keywords: news, cnbc, companies, companies, ratio, 32, expected, zooms, tech, poised, price, valued, range, goes, richly, multiple, public, software, zoom


Zoom is poised to be one of the most richly valued tech companies after it goes public

Zoom’s Wall Street debut is expected next week. On Monday, it gave a price range of $28 to $32 a share, and given the commentary from investors, the price could go even higher. But even if it just prices at the top of the current range, Zoom will be one of the richest valued software companies on the market.

Here’s the math:

At $32, Zoom would have a market value of $8.25 billion. Based on trailing full-year revenue of $330.5 million, that would give Zoom an enterprise value-to-sales ratio of 24.5.

That’s before an expected first-day pop.

Lyft has an EV/sales ratio of 10.4, and Pinterest’s ratio is about 11 based on the top end of its price range.

If you look at Zoom’s peers — cloud software companies valued at $1 billion or more — only Zscaler, Okta and Atlassian trade at a premium to its projected multiple, according to FactSet.

Zscaler has the highest EV/sales ratio at 31.8, as the security software company’s stock has quadrupled since its IPO last year.

If Zoom were to price at $32 and go up a fairly modest 30 percent in its debut, it would have a similar multiple to Zscaler.

ServiceNow and Workday have ratios close to 15 and Salesforce’s is under 10.


Company: cnbc, Activity: cnbc, Date: 2019-04-10  Authors: ari levy, courtesy of zoom video communications, brendan mcdermid
Keywords: news, cnbc, companies, companies, ratio, 32, expected, zooms, tech, poised, price, valued, range, goes, richly, multiple, public, software, zoom


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Pinterest gets its first recommendation from Wall Street before it goes public

Pinterest has already earned a recommendation from Wall Street and it’s not even listed on public exchanges yet. London-based U.S. equity brokerage firm Atlantic Equities on Tuesday initiated coverage of Pinterest with an overweight rating and a $23 year-end price target. This comes one day after the image-sharing social network set a price range of $15 to $17 per share for its initial public offering of 75 million shares. The upper end of the target range will put Pinterest at just $11.3 billio


Pinterest has already earned a recommendation from Wall Street and it’s not even listed on public exchanges yet. London-based U.S. equity brokerage firm Atlantic Equities on Tuesday initiated coverage of Pinterest with an overweight rating and a $23 year-end price target. This comes one day after the image-sharing social network set a price range of $15 to $17 per share for its initial public offering of 75 million shares. The upper end of the target range will put Pinterest at just $11.3 billio
Pinterest gets its first recommendation from Wall Street before it goes public Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: yun li, brendan mcdermid
Keywords: news, cnbc, companies, companys, range, target, social, goes, public, wall, price, street, recommendation, gets, initial, shares, pinterest, offering


Pinterest gets its first recommendation from Wall Street before it goes public

Pinterest has already earned a recommendation from Wall Street and it’s not even listed on public exchanges yet.

London-based U.S. equity brokerage firm Atlantic Equities on Tuesday initiated coverage of Pinterest with an overweight rating and a $23 year-end price target. This comes one day after the image-sharing social network set a price range of $15 to $17 per share for its initial public offering of 75 million shares. Pinterest will list under the ticker “PINS” on the New York Stock Exchange.

“We believe the company’s unique and broadly appealing proposition, offering consumers the ability to view and collate visual recommendations, will enable ongoing robust user growth,” Atlantic’s analyst, James Cordwell, said in a note to clients Tuesday.

Pinterest’s price range is seen as a discount from the company’s most recent valuation on the private markets, which was $12 billion in its last fundraising round in 2017. The upper end of the target range will put Pinterest at just $11.3 billion.

The social network’s public offering follows ride-hailing start-up Lyft’s debut less than two weeks ago. It was not smooth sailing for Lyft as its shares went downhill after the initial pop and are still trading below the IPO price. More of the so-called unicorns, privately financed companies valued at more than $1 billion, are slated to go public this year, including Uber, Airbnb, Slack and Postmates.


Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: yun li, brendan mcdermid
Keywords: news, cnbc, companies, companys, range, target, social, goes, public, wall, price, street, recommendation, gets, initial, shares, pinterest, offering


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Pinterest’s price range for IPO values the company about $3 billion less than it was 2 years ago

Pinterest would be valued as high $11.3 billion if you include stock options and restricted stock. The company raised $2.3 billion in its offering but has seen a rocky start to trading. Pinterest was valued at $12 billion in its last fundraising round in 2017. CNBC reported last year the company was nearing $1 billion in ad revenue. The company will go public with a dual-class share structure to concentrate voting power with Class B shareholders, which include co-founder and CEO Benjamin Silberm


Pinterest would be valued as high $11.3 billion if you include stock options and restricted stock. The company raised $2.3 billion in its offering but has seen a rocky start to trading. Pinterest was valued at $12 billion in its last fundraising round in 2017. CNBC reported last year the company was nearing $1 billion in ad revenue. The company will go public with a dual-class share structure to concentrate voting power with Class B shareholders, which include co-founder and CEO Benjamin Silberm
Pinterest’s price range for IPO values the company about $3 billion less than it was 2 years ago Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: sara salinas, brendan mcdermid, tomohiro ohsumi, bloomberg, getty images, shannon stapleton, andres ruffo, adam gault, saeed khan afp, andrew caballero-reynolds
Keywords: news, cnbc, companies, valuation, values, ipo, price, company, valued, tech, pinterest, pinterests, range, stock, share, public, billion, plans, ago


Pinterest's price range for IPO values the company about $3 billion less than it was 2 years ago

Pinterest is prepping for an IPO — Here’s what four experts say about the tech company’s valuation 2 Hours Ago | 02:18

Pinterest is eyeing a valuation of up to $9 billion when it debuts on public exchanges this spring.

That’s something of a discount from the company’s most recent valuation on the private markets, but nonetheless keeps Pinterest in the same neighborhood as other major tech companies with plans for an initial public offering this year.

The image-sharing social network said in a regulatory filing Monday it plans to sell 75 million shares at $15 to $17 per share. At the upper end of its target range, the company would raise $1.3 billion in net proceeds and see a valuation of just under $9 billion, based on an outstanding share count of 529 million shares at the time of the offering. Pinterest would be valued as high $11.3 billion if you include stock options and restricted stock. But that’s not how it’ll be valued once it’s public.

Lyft was the first out of the gates in a heavyweight class of tech IPOs. The company raised $2.3 billion in its offering but has seen a rocky start to trading. Uber, Slack, and Postmates have all filed IPO plans for this year.

Pinterest was valued at $12 billion in its last fundraising round in 2017. CNBC reported last year the company was nearing $1 billion in ad revenue.

The company reported $756 million in 2018 revenue in its IPO prospectus. Revenue grew 60% year over year, but still made for a net loss of $63 million.

Pinterest will list under the symbol “PINS” on the New York Stock Exchange. The company will go public with a dual-class share structure to concentrate voting power with Class B shareholders, which include co-founder and CEO Benjamin Silbermann.

—Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: sara salinas, brendan mcdermid, tomohiro ohsumi, bloomberg, getty images, shannon stapleton, andres ruffo, adam gault, saeed khan afp, andrew caballero-reynolds
Keywords: news, cnbc, companies, valuation, values, ipo, price, company, valued, tech, pinterest, pinterests, range, stock, share, public, billion, plans, ago


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Here’s who will get rich from Pinterest’s IPO

Pinterest’s valuation was said to be $12 billion nearly two years ago when it raised its last round of funding. Pinterest will use a dual-class structure to concentrate voting power among major stakeholders including co-founders Benjamin Silbermann and Evan Sharp. Lyft similarly debuted with a dual-class structure when it hit the public market earlier this month. Uber and Slack are among some of the biggest public debuts expected to hit the public market as well. Here’s what each of Pinterest’s


Pinterest’s valuation was said to be $12 billion nearly two years ago when it raised its last round of funding. Pinterest will use a dual-class structure to concentrate voting power among major stakeholders including co-founders Benjamin Silbermann and Evan Sharp. Lyft similarly debuted with a dual-class structure when it hit the public market earlier this month. Uber and Slack are among some of the biggest public debuts expected to hit the public market as well. Here’s what each of Pinterest’s
Here’s who will get rich from Pinterest’s IPO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: lauren feiner, brendan mcdermid
Keywords: news, cnbc, companies, major, valuation, heres, ipo, rich, market, class, pinterest, tech, pinterests, share, public, stakeholders, structure


Here's who will get rich from Pinterest's IPO

Pinterest is prepping for an IPO — Here’s what four experts say about the tech company’s valuation 3 Hours Ago | 02:18

Pinterest is seeking a valuation of up to $9 billion when it debuts on the public market this spring, which will rake in hundreds of millions for each of its founders and other major stakeholders. Pinterest’s valuation was said to be $12 billion nearly two years ago when it raised its last round of funding.

The company plans to sell 75 million Class A shares at $15 to $17 per share when it starts trading on the New York Stock Exchange under the symbol “PINS,” according to a regulatory filing. Pinterest will use a dual-class structure to concentrate voting power among major stakeholders including co-founders Benjamin Silbermann and Evan Sharp. These stakeholders will own Class B shares.

Lyft similarly debuted with a dual-class structure when it hit the public market earlier this month. But unlike Lyft, whose founders are the sole owners of Class B shares, other major stakeholders in Pinterest like Andreessen Horowitz and FirstMark will also own this class of stock.

Pinterest is still on the early side of a wave of large tech IPOs anticipated this year. Uber and Slack are among some of the biggest public debuts expected to hit the public market as well.

Here’s what each of Pinterest’s major stakeholders stand to hold after its initial public offering, based on their post-IPO share counts and assuming the stock prices at the midpoint of its stated range at $16 per share:


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: lauren feiner, brendan mcdermid
Keywords: news, cnbc, companies, major, valuation, heres, ipo, rich, market, class, pinterest, tech, pinterests, share, public, stakeholders, structure


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General Electric gets crushed, and there could be more weakness to come

General Electric is on its worst losing streak of the year. “This is a stock we’ve been bearish on for a while and we’re still bearish on and recommend selling.” “What’s notable about [Monday’s] weakness is that it’s occurring below the bearish slope of the stock’s 200-day moving average,” said Wald. “What this is showing is that the near term is lining up with the long-term weakness. Sanchez adds that GE’s turnaround plans will take years to bear fruit, a time frame that could test investors’ p


General Electric is on its worst losing streak of the year. “This is a stock we’ve been bearish on for a while and we’re still bearish on and recommend selling.” “What’s notable about [Monday’s] weakness is that it’s occurring below the bearish slope of the stock’s 200-day moving average,” said Wald. “What this is showing is that the near term is lining up with the long-term weakness. Sanchez adds that GE’s turnaround plans will take years to bear fruit, a time frame that could test investors’ p
General Electric gets crushed, and there could be more weakness to come Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: keris lahiff, scott mlyn, brendan mcdermid, spencer platt, getty images, lucas jackson, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, turnaround, gets, electric, crushed, trading, wald, weakness, come, ge, stock, tusa, general, value, ges, bearish


General Electric gets crushed, and there could be more weakness to come

General Electric is on its worst losing streak of the year.

Its shares tumbled more than 5 percent Monday, its fourth session in the red and its longest stretch of losses since December.

The charts are sending a clear signal to Ari Wald, head of technical analysis at Oppenheimer.

“The technicals are saying to sell it,” Wald said Monday on CNBC’s “Trading Nation.” “This is a stock we’ve been bearish on for a while and we’re still bearish on and recommend selling.”

J.P. Morgan analyst Stephen Tusa is also bearish. His downgrade to sell set off GE’s plunge Monday, its deepest drop since early December. Tusa also cut his price target to $5 from $6.

Wald said one technical indicator suggests more downside to come for GE.

“What’s notable about [Monday’s] weakness is that it’s occurring below the bearish slope of the stock’s 200-day moving average,” said Wald. “What this is showing is that the near term is lining up with the long-term weakness. We see this as a resumption of GE’s long-term downtrend.”

Monday’s sell-off aside, GE has outperformed the market this year. It has roared 48 percent higher off its Dec. 11 bottom and roughly doubled the gains seen across the broader market.

“This recent bounce really is what happens when you get a stock that goes down 67 percent and is trading nearly at option value,” said Gina Sanchez, CEO of Chantico Global, on “Trading Nation” on Monday.

Though GE has raced off its lows, it remains 37 percent below its 52-week high set in May.

Sanchez adds that GE’s turnaround plans will take years to bear fruit, a time frame that could test investors’ patience. GE CEO Larry Culp has targeted 2020 and 2021 as years when the company’s performance will show marked improvement.

“That’s a long time from now and between now and then we’re probably going to have an economic slowdown,” said Sanchez. “It’s not a good environment to be pulling off a turnaround and I think that is really what’s going to keep this stock from bouncing much higher than its option value bounce.”


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: keris lahiff, scott mlyn, brendan mcdermid, spencer platt, getty images, lucas jackson, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, turnaround, gets, electric, crushed, trading, wald, weakness, come, ge, stock, tusa, general, value, ges, bearish


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