Here are the biggest analyst calls of the day: Alphabet, Levi Strauss, Caterpillar & more

J.P. Morgan said the race track operator is now in a position to reap the benefits of past investments. “Formula 1 is emerging from a transition period following Liberty assuming control of the asset in January 2017.Costs, which ramped over the prior two years, are at or close to run-rate levels, and F1 is now in position to reap the benefit of past investments. We estimate adjusted OIBDA will increase 20% this year with the start of a pay-TV deal with Sky, and forecast more modest though steady


J.P. Morgan said the race track operator is now in a position to reap the benefits of past investments. “Formula 1 is emerging from a transition period following Liberty assuming control of the asset in January 2017.Costs, which ramped over the prior two years, are at or close to run-rate levels, and F1 is now in position to reap the benefit of past investments. We estimate adjusted OIBDA will increase 20% this year with the start of a pay-TV deal with Sky, and forecast more modest though steady
Here are the biggest analyst calls of the day: Alphabet, Levi Strauss, Caterpillar & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: michael bloom
Keywords: news, cnbc, companies, caterpillar, levi, track, analyst, start, day, past, reap, position, transition, biggest, strauss, western, steady, sponsors, upside, calls, alphabet


Here are the biggest analyst calls of the day: Alphabet, Levi Strauss, Caterpillar & more

J.P. Morgan said the race track operator is now in a position to reap the benefits of past investments.

“Formula 1 is emerging from a transition period following Liberty assuming control of the asset in January 2017.Costs, which ramped over the prior two years, are at or close to run-rate levels, and F1 is now in position to reap the benefit of past investments. We estimate adjusted OIBDA will increase 20% this year with the start of a pay-TV deal with Sky, and forecast more modest though steady growth thereafter, driven by contractual escalators, new sponsors, additional grands prix, and broadcast renewals in the US and Western Europe for which we see upside. “


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: michael bloom
Keywords: news, cnbc, companies, caterpillar, levi, track, analyst, start, day, past, reap, position, transition, biggest, strauss, western, steady, sponsors, upside, calls, alphabet


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Caterpillar is downgraded by Goldman on the deepening U.S.-China trade war

Kraft Heinz is cratering: Stock hits all-time low after finally…Kraft Heinz new CEO Miguel Patricio said, “The level of decline we experienced in the first half of this year is nothing we should find acceptable moving forward. We have…Food & Beverageread more


Kraft Heinz is cratering: Stock hits all-time low after finally…Kraft Heinz new CEO Miguel Patricio said, “The level of decline we experienced in the first half of this year is nothing we should find acceptable moving forward. We have…Food & Beverageread more
Caterpillar is downgraded by Goldman on the deepening U.S.-China trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-08  Authors: michael bloom, kate rooney
Keywords: news, cnbc, companies, deepening, downgraded, hits, patricio, moving, uschina, heinz, trade, war, low, goldman, caterpillar, level, kraft, miguel, stock, havefood


Caterpillar is downgraded by Goldman on the deepening U.S.-China trade war

Kraft Heinz is cratering: Stock hits all-time low after finally…

Kraft Heinz new CEO Miguel Patricio said, “The level of decline we experienced in the first half of this year is nothing we should find acceptable moving forward. We have…

Food & Beverage

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-08  Authors: michael bloom, kate rooney
Keywords: news, cnbc, companies, deepening, downgraded, hits, patricio, moving, uschina, heinz, trade, war, low, goldman, caterpillar, level, kraft, miguel, stock, havefood


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Here are the biggest analyst calls of the day: Disney, Caterpillar, Apple, Foot Locker & more

Here are the biggest calls on Wall Street on Thursday:”We are upgrading Disney from Neutral to Outperform and increasing our price target $20 to $150/share. Credit Suisse said it sees further upside into the company’s Disney+ launch. Goldman said in its downgrade of Caterpillar that the U.S.-China trade war is taking its toll on the Construction machinery and equipment company. As a result, we downgrade CAT to Neutral from Buy. Since being added to the Americas Buy List on October 10, 2016, CAT


Here are the biggest calls on Wall Street on Thursday:”We are upgrading Disney from Neutral to Outperform and increasing our price target $20 to $150/share. Credit Suisse said it sees further upside into the company’s Disney+ launch. Goldman said in its downgrade of Caterpillar that the U.S.-China trade war is taking its toll on the Construction machinery and equipment company. As a result, we downgrade CAT to Neutral from Buy. Since being added to the Americas Buy List on October 10, 2016, CAT
Here are the biggest analyst calls of the day: Disney, Caterpillar, Apple, Foot Locker & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-08  Authors: michael bloom
Keywords: news, cnbc, companies, biggest, foot, apple, cat, buy, caterpillar, construction, upside, calls, analyst, ytd, disney, equipment, downgrade, day, neutral, locker, 2016


Here are the biggest analyst calls of the day: Disney, Caterpillar, Apple, Foot Locker & more

Here are the biggest calls on Wall Street on Thursday:

“We are upgrading Disney from Neutral to Outperform and increasing our price target $20 to $150/share. We now see less risk to estimates — FY20 consensus EPS has dropped from over $8/share a year ago to ~$6/share today — and while Disney has outperformed the S&P500 by 8% YTD, we see scope for further upside to Disney+ investor sentiment into its U.S. launch. ”

Credit Suisse said it sees further upside into the company’s Disney+ launch.

Goldman said in its downgrade of Caterpillar that the U.S.-China trade war is taking its toll on the Construction machinery and equipment company.

“For the first time since we upgraded CAT to Buy in October 2016, we expect EBIT to decline in FY2 driven by meaningful production cuts in North America and China construction equipment, more than offsetting our forecasts for a Resource Industries recovery. As a result, we downgrade CAT to Neutral from Buy. Since being added to the Americas Buy List on October 10, 2016, CAT is +37% vs. our coverage +22% and S&P +33%. ”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-08-08  Authors: michael bloom
Keywords: news, cnbc, companies, biggest, foot, apple, cat, buy, caterpillar, construction, upside, calls, analyst, ytd, disney, equipment, downgrade, day, neutral, locker, 2016


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Wall Street is terrified about Trump’s tariffs, but it needs to cool off and look at the big picture

Richard Drew | APThe markets are currently in a multi-day selloff “freak out” over an escalation in the U.S.-China trade war. Plus, can we really say the tariffs and trade war were a major reason for the lower GDP compared to last year? Even a company like Caterpillar, which reported earnings last month, can’t say the tariffs are a major reason for its woes last quarter. To be sure, the tariffs and trade war are cutting into Caterpillar’s bottom line. The tariff costs are hurting, but not in a s


Richard Drew | APThe markets are currently in a multi-day selloff “freak out” over an escalation in the U.S.-China trade war. Plus, can we really say the tariffs and trade war were a major reason for the lower GDP compared to last year? Even a company like Caterpillar, which reported earnings last month, can’t say the tariffs are a major reason for its woes last quarter. To be sure, the tariffs and trade war are cutting into Caterpillar’s bottom line. The tariff costs are hurting, but not in a s
Wall Street is terrified about Trump’s tariffs, but it needs to cool off and look at the big picture Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: jake novak
Keywords: news, cnbc, companies, major, caterpillar, costs, trumps, trade, reason, picture, street, big, tariffs, needs, look, cool, say, tariff, quarter, war, terrified, wall


Wall Street is terrified about Trump's tariffs, but it needs to cool off and look at the big picture

Trader Thomas Lee works on the floor of the New York Stock Exchange, Monday, Aug. 5, 2019. Richard Drew | AP

The markets are currently in a multi-day selloff “freak out” over an escalation in the U.S.-China trade war. But is it justified? No. There are three main reasons why this and other major U.S. market selloffs connected to the trade war are overblown, even for the companies and consumers that have more relative China exposure. Here they are.

The economy still looks good

America is enjoying full employment, decent wage growth and no significant inflation. When the trade and tariff battles started, those were all factors that a large number of the trade doomsayers predicted would be a memory by now. On the down side, the recent second quarter GDP report did show the economy was slowing down to 2.1%. But that was still better than expected, and the economy is objectively still growing at a solid pace. Plus, can we really say the tariffs and trade war were a major reason for the lower GDP compared to last year? At best, that’s a matter of debate, and the numbers seem to show other factors like the drag on the GDP from the continued grounding of the Boeing MAX jets had a bigger impact. None of this means the trade and tariff situation is helping the overall economic picture. But the macroeconomic picture is still very good and far from panic selling territory.

Eating the costs hasn’t been so bad

If you haven’t seen higher prices at your local appliance store, car dealership, or even while shopping on Amazon since the tariff war began, you’re not alone. In fact, import prices in June actually fell by 0.9%, the biggest drop in six months. The bottom line is the consumer isn’t hurting overall because of tariffs. How is that possible when tariffs should be driving up costs for everything? President Trump is partially right when he points to China’s currency devaluation as its way of eating the costs of the tariffs and not passing them on to U.S. consumers. But another big reason is that U.S. companies that rely on China for some key supplies are also eating those costs. And while they certainly don’t like doing that, the effects on their bottom lines haven’t been disastrous. Even a company like Caterpillar, which reported earnings last month, can’t say the tariffs are a major reason for its woes last quarter. Caterpillar told us so in that report, when it said that tariffs were responsible for just $70 million of its $12.2 billion in total operating costs last quarter. That’s less than 0.6%. Oh, and Caterpillar also posted a profit and increased year-over-year sales and revenue. To be sure, the tariffs and trade war are cutting into Caterpillar’s bottom line. And yes, things could get worse. But to say tariffs are taking a “major” bite out of the company really seems like a stretch, even as Caterpillar is being used by many pundits and reporters as some kind of poster boy for tariff pain in America. The same is true for companies like GM and Ford. The tariff costs are hurting, but not in a serious way on a percentage basis relative to their total costs.

Manufacturing was already down


Company: cnbc, Activity: cnbc, Date: 2019-08-05  Authors: jake novak
Keywords: news, cnbc, companies, major, caterpillar, costs, trumps, trade, reason, picture, street, big, tariffs, needs, look, cool, say, tariff, quarter, war, terrified, wall


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Stocks making the biggest moves midday: Boeing, Texas Instruments, iRobot, Caterpillar & more

Check out the companies making headlines midday Wednesday:Texas Instruments — Texas Instruments rose more than 7% to an all-time high after the chipmaker beat estimates for its second-quarter results. The company reported earnings per share of $1.36 a share, surpassing a FactSet estimate of $1.22 a share. Boeing — Boeing shares fell 2% after the aerospace giant reported a $2.9 billion loss for the previous quarter — its biggest ever. The company reported revenue of $388 million compared to Refin


Check out the companies making headlines midday Wednesday:Texas Instruments — Texas Instruments rose more than 7% to an all-time high after the chipmaker beat estimates for its second-quarter results. The company reported earnings per share of $1.36 a share, surpassing a FactSet estimate of $1.22 a share. Boeing — Boeing shares fell 2% after the aerospace giant reported a $2.9 billion loss for the previous quarter — its biggest ever. The company reported revenue of $388 million compared to Refin
Stocks making the biggest moves midday: Boeing, Texas Instruments, iRobot, Caterpillar & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-24  Authors: fred imbert
Keywords: news, cnbc, companies, texas, biggest, boeing, shares, midday, share, stock, results, moves, instruments, reported, company, earnings, sales, making, caterpillar, revenue, billion, irobot, stocks


Stocks making the biggest moves midday: Boeing, Texas Instruments, iRobot, Caterpillar & more

Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange on January 17, 2018 in New York.

Check out the companies making headlines midday Wednesday:

Texas Instruments — Texas Instruments rose more than 7% to an all-time high after the chipmaker beat estimates for its second-quarter results. The company reported earnings per share of $1.36 a share, surpassing a FactSet estimate of $1.22 a share. Revenues also topped analyst expectations. The company also issued better-than-expected guidance for the third quarter. CEO Rich Templeton noted the quality of the company’s portfolio and efficiency of its manufacturing strategy, including the “the benefit of 300-millimeter Analog production” in a statement.

Boeing — Boeing shares fell 2% after the aerospace giant reported a $2.9 billion loss for the previous quarter — its biggest ever. The loss includes a massive $4.9 billion charge as Boeing’s flagship airplane, the 737 Max, remains grounded. Boeing also warned it could suspend production of the 737 Max, depending on delays.

Snap — The social media company’s stock surged 14.9% on quarterly results that exceeded analysts’ estimates. The company reported revenue of $388 million compared to Refinitiv’s forecast of $359.7 million. Snap also reported a smaller-than-expected quarterly loss. The strong results were driven by a growing user base.

Caterpillar — Caterpillar shares dropped 4% after the industrial giant reported weaker-than-expected results for the second quarter as the U.S.-China trade war drags on. The company posted earnings per share of $2.83 on revenue of $14.432 billion. Analysts polled by Refinitv expected a profit of $3.12 per share on sales of $14.435 billion. Caterpillar also lowered its profit forecast for 2019.

iRobot — Shares of iRobot plummeted 19% after the company’s CEO said the U.S.-China trade war could constrain growth in the second half of the year. The maker of the Roomba robot vacuum also lowered its full-year earnings guidance to a range of $2.40-$3.15 per share from the prior $3.15-$3.40 per share.

Manhattan Associates — Shares of the software company rallied more than 18% on the back of quarterly earnings and revenues that beat analyst expectations. The company posted a profit of 42 cents per share on revenue of $154.3 million. Analysts expected earnings of 35 cents per share on sales of $146 million. “In a turbulent global macro [environment], our suite of Manhattan Active omnichannel, inventory and supply chain solutions continued to drive solid revenue momentum positioning us well for the balance of 2019,” CEO Eddie Capel says.

Party City — Party City’s stock jumped more than 7% after an analyst at Goldman Sachs upgraded it to buy from neutral. The analyst said earnings are expected to be poor, but “we believe this is largely reflected in investor expectations based on our conversations.”

Western Digital — Western Digital gained 1.96% after Deutsche Bank raised its price target on the semiconductor stock to $65 per share from $55. Deutsche has a buy rating on the stock, citing positive macro developments such as the lifting of some restrictions on Huawei potentially creating better-than-expected demand for one of Western Digital’s main products as a reason for the price target change.

UPS — Shares of UPS climbed nearly 9% after the shipping company delivered better-than-expected second-quarter results, fueled by strong demand for quicker shipping. The company reported earnings of $1.96 per share on $18.048 billion in revenue. Analysts expected $1.92 in earnings per share and $17.966 billion in revenue, according to Refinitiv.

AT&T — AT&T shares rose 3% after the telecom giant reported better-than-expected subscriber growth. The company added a net of 72,000 phone subscribers, compared to a FactSet estimate of 27,000. However, the company also lost more premium TV subscribers this quarter than the last.

Chipotle Mexican Grill — Chipotle shares rose 5.2% to an all-time high on stronger-than-expected second-quarter results. The restaurant chain earned an adjusted $3.99 per share, beating the consensus estimate of $3.76 as digital sales nearly doubled. Revenue, which came in at $1.43 billion, beat a $1.41 billion estimate. And same-store sales grew 10%, also beating an 8.33% estimate.

—CNBC’s Elizabeth Myong, Mallika Mitra, Marc Rod and Jesse Pound contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-07-24  Authors: fred imbert
Keywords: news, cnbc, companies, texas, biggest, boeing, shares, midday, share, stock, results, moves, instruments, reported, company, earnings, sales, making, caterpillar, revenue, billion, irobot, stocks


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Stocks making the biggest moves premarket: 3M, Tesla, Caterpillar, Starbucks, Boeing & more

DowDupont — DowDupont matched forecasts with adjusted earnings of 84 cents per share, while revenue fell below Wall Street forecasts. Dunkin’ Brands — The restaurant chain reported adjusted quarterly profit of 67 cents per share, 5 cents a share above estimates. Tempur Sealy — The mattress retailer beat estimates by 6 cents a share, with adjusted quarterly profit of 54 cents per share. The chipmaker’s revenue also exceeded Wall Street forecasts, however the company predicted lower-than-expected


DowDupont — DowDupont matched forecasts with adjusted earnings of 84 cents per share, while revenue fell below Wall Street forecasts. Dunkin’ Brands — The restaurant chain reported adjusted quarterly profit of 67 cents per share, 5 cents a share above estimates. Tempur Sealy — The mattress retailer beat estimates by 6 cents a share, with adjusted quarterly profit of 54 cents per share. The chipmaker’s revenue also exceeded Wall Street forecasts, however the company predicted lower-than-expected
Stocks making the biggest moves premarket: 3M, Tesla, Caterpillar, Starbucks, Boeing & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: peter schacknow, yun li, fred imbert
Keywords: news, cnbc, companies, 3m, share, quarter, street, wall, cents, adjusted, quarterly, tesla, premarket, boeing, starbucks, making, revenue, biggest, caterpillar, forecasts, moves, estimates, stocks


Stocks making the biggest moves premarket: 3M, Tesla, Caterpillar, Starbucks, Boeing & more

Check out the companies making headlines before the bell:

3M — 3M is buying wound care technology company Acelity from a consortium led by funds advised by Apax Partners. The deal has an enterprise value of $6.7 billion including assumed debt, and 3M is cutting its projected share buybacks for 2019 following the announcement of the deal.

Tesla — Tesla detailed new capital raising plans that would generate about $2.3 billion in gross proceeds. That includes a 2.7 million share common stock offering, of which CEO Elon Musk may buy nearly 42,000, and $1.35 billion in convertible notes.

Cigna — The insurance company earned an adjusted $3.90 per share for the first quarter, above the consensus estimate of $3.73 a share. Revenue also beat forecasts and Cigna also raised its full-year outlook. Cigna is being helped by improved sales at its health services unit, which now includes the pharmacy benefits business of recently acquired Express Scripts.

Caterpillar — The heavy equipment maker raised its quarterly dividend by 20% to $1.03 per share.

Dow Inc. — The chemical maker reported better-than-expected revenue in its first report since being separated from DowDupont on April 1. It did not give an earnings per share number, but its core earnings total was 24% lower than in the year-earlier period, hurt by lower prices.

DowDupont — DowDupont matched forecasts with adjusted earnings of 84 cents per share, while revenue fell below Wall Street forecasts. The company’s results were hit by bad weather and weakness in the auto and mobile phone markets.

Under Armour — The athletic apparel maker earned 5 cents per share for the first quarter, beating analysts’ predictions of a breakeven quarter. Under Armour’s revenue also beat estimates amid strong overseas demand and the company raised its full-year forecast.

Dunkin’ Brands — The restaurant chain reported adjusted quarterly profit of 67 cents per share, 5 cents a share above estimates. Revenue also topped forecasts and Dunkin’ had a better-than-expected same store sales increase of 2.4%.

Tempur Sealy — The mattress retailer beat estimates by 6 cents a share, with adjusted quarterly profit of 54 cents per share. Revenue beat forecasts as well, and the company raised its full-year forecast.

Wayfair — The home furnishings seller lost $1.62 per share for the first quarter, 2 cents a share wider than Wall Street had anticipated. Revenue topped estimates, however.

Qualcomm — Qualcomm reported adjusted quarterly profit of 77 cents per share, 6 cents above estimates. The chipmaker’s revenue also exceeded Wall Street forecasts, however the company predicted lower-than-expected shipments for its cellular phone chips. Separately, Qualcomm said it would receive at least $4.5 billion as part of its recent legal settlement with Apple.

Square — Square came in 3 cents a share above estimates, with adjusted quarterly profit of 11 cents per share. The mobile payments company’s revenue was also above analysts’ forecasts. The stock, however, is coming under pressure due to a lower-than=expected current-quarter outlook, with transaction volume in a downward trend.

Fitbit — Fitbit lost an adjusted 15 cents per share for its latest quarter, 7 cents a share less than analysts had predicted. The fitness device maker’s revenue came in above Wall Street estimates as it sold 2.9 million of its wearable devices during the quarter.

Caesars Entertainment — The casino operator lost 32 cents per share for the first quarter, wider than the 18 cents a share loss Wall Street was expecting. Revenue came in above estimates, however, and Caesars said it saw a 5.8% rise in Las Vegas market business.

Eventbrite — Eventbrite lost 13 cents per share for the first quarter, wider than the 10 cents a share loss expected by analysts. The event ticketing company’s revenue also came in below forecasts. Eventbrite also gave a weaker-than-expected forecast for the current quarter, as it deals with higher operating expenses.

Facebook — Facebook is reportedly negotiating a settlement with the Federal Trade Commission that would involve the creation of an independent privacy oversight committee, according to Politico.

Starbucks — Starbucks is recalling 263,000 coffee presses due to a laceration hazard, according to the Consumer Product Safety Commission.

Boeing — The Federal Aviation Administration is mandating new flight control software and parts for Boeing’s 787 Dreamliner, to address various safety issues. Boeing had already outlined related changes in service bulletins over the past few years, with the FAA’s directive making those changes compulsory.

Sanofi — The drugmaker received Food and Drug Administration approval for its dengue vaccine known as Dengvaxia.

MetLife — MetLife reported earnings of $1.48 per share for the first quarter, beating the consensus estimate of $1.27 a share, though the insurance company’s revenue was below forecasts. Rival Prudential Financial missed estimates by 16 cents a share, with first-quarter profit of $3 per share, with revenue slightly below forecasts. Prudential’s results were hurt by higher long-term employee compensation expenses.

Beyond Meat — The meat substitute maker will make its Wall Street debut today after pricing its initial public offering at $25 per share, at the upper end of its projected range. Beyond Meat will trade on the Nasdaq.


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: peter schacknow, yun li, fred imbert
Keywords: news, cnbc, companies, 3m, share, quarter, street, wall, cents, adjusted, quarterly, tesla, premarket, boeing, starbucks, making, revenue, biggest, caterpillar, forecasts, moves, estimates, stocks


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Uber could go public with a valuation higher than GE, Caterpillar or Morgan Stanley

Uber could go public at a stock price that would make it bigger than some of the best-known names in the S&P 500. The eye-popping figure would make it more valuable than S&P juggernauts like DowDuPont, General Electric and Caterpillar, according to data from Finviz.com. It would also top Morgan Stanley and BlackRock, with market capitalizations of $81 billion and $74 billion, respectively. Lyft, which went public in April, had a loss of $911 million on $2.1 billion in revenue last year. Market v


Uber could go public at a stock price that would make it bigger than some of the best-known names in the S&P 500. The eye-popping figure would make it more valuable than S&P juggernauts like DowDuPont, General Electric and Caterpillar, according to data from Finviz.com. It would also top Morgan Stanley and BlackRock, with market capitalizations of $81 billion and $74 billion, respectively. Lyft, which went public in April, had a loss of $911 million on $2.1 billion in revenue last year. Market v
Uber could go public with a valuation higher than GE, Caterpillar or Morgan Stanley Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: kate rooney, jerod harris, fortune, getty images
Keywords: news, cnbc, companies, stanley, billion, company, stock, revenue, valuation, higher, shares, public, losses, according, uber, ge, morgan, market, caterpillar


Uber could go public with a valuation higher than GE, Caterpillar or Morgan Stanley

Uber could go public at a stock price that would make it bigger than some of the best-known names in the S&P 500.

The ride-hailing company plans to list shares between $44 and $50 in its upcoming initial public offering, several news outlets reported Thursday, citing people familiar with the matter. That would value the company at as high as $90 billion when it lists on the New York Stock Exchange, according to a Bloomberg report.

The eye-popping figure would make it more valuable than S&P juggernauts like DowDuPont, General Electric and Caterpillar, according to data from Finviz.com. It would also top Morgan Stanley and BlackRock, with market capitalizations of $81 billion and $74 billion, respectively.

Market capitalization, or “market cap,” is the total dollar amount of a company’s outstanding shares, which can be calculated by multiplying the firm’s outstanding shares by the price of one share.

Uber is different from its potential market-cap peers in a key way — it’s not making money.

The San Francisco-based start-up has been mounting billion-dollar losses ahead of its market debut. Its adjusted losses totaled $1.85 billion in 2018, according to its initial IPO prospectus. Those losses slowed from 2017, when Uber lost $2.2 billion. The company increased its revenue to $11.3 billion, up 43 percent year over year.

Most tech companies are not known for making money ahead of public offerings. Lyft, which went public in April, had a loss of $911 million on $2.1 billion in revenue last year. Twitter was losing money when it listed on the New York Stock Exchange in 2013. Snap, Spotify and SurveyMonkey — which all listed in 2018 — were also bleeding money.

Lyft, Zoom and Pinterest all priced above their marketed range this year. The valuations for these tech unicorns are based on future profits, since almost none of their businesses are profitable yet.

Market valuation expert Aswath Damodaran has said the recent totals are far too high — or as he put it, “scary.”

“I’m a little scared of Uber at $100 billion,” the NYU Stern professor told CNBC. “I think both Lyft and Uber are struggling with a way to convert revenue growth into profits. So you are paying $100 billion for a company that still doesn’t have a viable business model. That’s scary.”

WATCH: Uber’s IPO will be five times the size of Pinterest and Zoom’s IPOs combined


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: kate rooney, jerod harris, fortune, getty images
Keywords: news, cnbc, companies, stanley, billion, company, stock, revenue, valuation, higher, shares, public, losses, according, uber, ge, morgan, market, caterpillar


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Uber could go public with a valuation higher than GE, Caterpillar or Morgan Stanley

Uber could go public at a stock price that would make it bigger than some of the best-known names in the S&P 500. The eye-popping figure would make it more valuable than S&P juggernauts like DowDuPont, General Electric and Caterpillar, according to data from Finviz.com. It would also top Morgan Stanley and BlackRock, with market capitalizations of $81 billion and $74 billion, respectively. Lyft, which went public in April, had a loss of $911 million on $2.1 billion in revenue last year. Market v


Uber could go public at a stock price that would make it bigger than some of the best-known names in the S&P 500. The eye-popping figure would make it more valuable than S&P juggernauts like DowDuPont, General Electric and Caterpillar, according to data from Finviz.com. It would also top Morgan Stanley and BlackRock, with market capitalizations of $81 billion and $74 billion, respectively. Lyft, which went public in April, had a loss of $911 million on $2.1 billion in revenue last year. Market v
Uber could go public with a valuation higher than GE, Caterpillar or Morgan Stanley Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: kate rooney, jerod harris, fortune, getty images
Keywords: news, cnbc, companies, stanley, billion, company, stock, revenue, valuation, higher, shares, public, losses, according, uber, ge, morgan, market, caterpillar


Uber could go public with a valuation higher than GE, Caterpillar or Morgan Stanley

Uber could go public at a stock price that would make it bigger than some of the best-known names in the S&P 500.

The ride-hailing company plans to list shares between $44 and $50 in its upcoming initial public offering, several news outlets reported Thursday, citing people familiar with the matter. That would value the company at as high as $90 billion when it lists on the New York Stock Exchange, according to a Bloomberg report.

The eye-popping figure would make it more valuable than S&P juggernauts like DowDuPont, General Electric and Caterpillar, according to data from Finviz.com. It would also top Morgan Stanley and BlackRock, with market capitalizations of $81 billion and $74 billion, respectively.

Market capitalization, or “market cap,” is the total dollar amount of a company’s outstanding shares, which can be calculated by multiplying the firm’s outstanding shares by the price of one share.

Uber is different from its potential market-cap peers in a key way — it’s not making money.

The San Francisco-based start-up has been mounting billion-dollar losses ahead of its market debut. Its adjusted losses totaled $1.85 billion in 2018, according to its initial IPO prospectus. Those losses slowed from 2017, when Uber lost $2.2 billion. The company increased its revenue to $11.3 billion, up 43 percent year over year.

Most tech companies are not known for making money ahead of public offerings. Lyft, which went public in April, had a loss of $911 million on $2.1 billion in revenue last year. Twitter was losing money when it listed on the New York Stock Exchange in 2013. Snap, Spotify and SurveyMonkey — which all listed in 2018 — were also bleeding money.

Lyft, Zoom and Pinterest all priced above their marketed range this year. The valuations for these tech unicorns are based on future profits, since almost none of their businesses are profitable yet.

Market valuation expert Aswath Damodaran has said the recent totals are far too high — or as he put it, “scary.”

“I’m a little scared of Uber at $100 billion,” the NYU Stern professor told CNBC. “I think both Lyft and Uber are struggling with a way to convert revenue growth into profits. So you are paying $100 billion for a company that still doesn’t have a viable business model. That’s scary.”

WATCH: Uber’s IPO will be five times the size of Pinterest and Zoom’s IPOs combined


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: kate rooney, jerod harris, fortune, getty images
Keywords: news, cnbc, companies, stanley, billion, company, stock, revenue, valuation, higher, shares, public, losses, according, uber, ge, morgan, market, caterpillar


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Boeing, Caterpillar stocks rise as investors bet a China trade deal will come soon, Jim Cramer says

Investors made a move on industrial stocks in anticipation that a U.S.-China trade agreement is near completion, CNBC’s Jim Cramer said Thursday. “A lot of money managers are betting we’ll get a trade deal in the not-too-distant future, which is why Boeing and Caterpillar roared higher today,” the “Mad Money” host said. Cramer said Boeing’s stock should have fallen Thursday after investigatorsblamed the plane manufacturer, not the pilots, for an Ethiopian Airlines crash that killed 157 people la


Investors made a move on industrial stocks in anticipation that a U.S.-China trade agreement is near completion, CNBC’s Jim Cramer said Thursday. “A lot of money managers are betting we’ll get a trade deal in the not-too-distant future, which is why Boeing and Caterpillar roared higher today,” the “Mad Money” host said. Cramer said Boeing’s stock should have fallen Thursday after investigatorsblamed the plane manufacturer, not the pilots, for an Ethiopian Airlines crash that killed 157 people la
Boeing, Caterpillar stocks rise as investors bet a China trade deal will come soon, Jim Cramer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: tyler clifford
Keywords: news, cnbc, companies, rise, come, trade, boeing, caterpillar, cramer, stocks, soon, deal, china, buy, stock, tariffs, jim, investors, boeings


Boeing, Caterpillar stocks rise as investors bet a China trade deal will come soon, Jim Cramer says

Investors made a move on industrial stocks in anticipation that a U.S.-China trade agreement is near completion, CNBC’s Jim Cramer said Thursday.

“A lot of money managers are betting we’ll get a trade deal in the not-too-distant future, which is why Boeing and Caterpillar roared higher today,” the “Mad Money” host said.

The world’s two largest economies reportedly made progress in trade talks this week, and stocks gained on the news. The Dow Jones Industrial Average, powered by Boeing’s nearly 3 percent rise, added more than 166 points on the session and the S&P 500 gained 0.2 percent for its first six-day winning streak in more than a year.

The Nasdaq, on the other hand, shed 0.1 percent.

“While I’m very skeptical about these negotiations with China, because I know that [the U.S.] wants to keep the tariffs on no matter what, the stock market is saying: ‘hey, a deal is a deal,'” Cramer said. “This kind of positivity seems counterintuitive in the face of the conventional wisdom about this market.”

Cramer said Boeing’s stock should have fallen Thursday after investigatorsblamed the plane manufacturer, not the pilots, for an Ethiopian Airlines crash that killed 157 people last month. The company has been under scrutiny after two fatal 737 Max jet crashes within 5 months. Cramer also said the Federal Aviation Authority probe and software fix could cut into production of Boeing’s top-selling jet, he said.

But China, in an effort to show good faith in trade negotiations, could be prepared to make a “statement buy” for a ton of Boeing planes, the host said.

“It would be greeted so positively, oh my, which is why I can’t blame anyone for wanting to own the stock here, not sell it or short it,” Cramer said. “Plus, look, we know Boeing’s going to fix the problem, this is Boeing for heaven’s sake. These guys are [passionate] about safety. As tragic as those two crashes were, I bet we ultimately move on and Boeing’s business ends up doing fine.”

China could also buy equipment from Caterpillar, he said. Cramer said he was surprised that Deutsche Bank downgraded the stock on Wednesday.

“They need earthmovers. So this could be a great time for the Chinese Communist Party to direct their state-owned enterprises to buy earthmovers from Caterpillar instead of, say, Komatsu,” he said. “I think that could turn out to be a very ill-advised downgrade.”

Additionally, retailers will be a winner if they a trade deal eases tariffs on Chinese imports, Cramer said. Investors could also be expecting a strong March jobs number to be released Friday, following a positive jobless claim report on Thursday, he said.

“The consumer is alive and well. The economy is alive and well, too,” Cramer said. “If we get a trade deal and those duties are withdrawn, you could raise numbers for most of the retailers immediately.”


Company: cnbc, Activity: cnbc, Date: 2019-04-04  Authors: tyler clifford
Keywords: news, cnbc, companies, rise, come, trade, boeing, caterpillar, cramer, stocks, soon, deal, china, buy, stock, tariffs, jim, investors, boeings


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Stocks making the biggest moves midday: Home Depot, Caterpillar, J.M. Smucker & more

Check out the companies making headlines midday Tuesday:Home Depot – Shares of Home Depot fell 2.5 percent after the home improvement retailer posted weaker-than-expected fourth-quarter results. Home Depot earned $2.09 per share during its fourth quarter, missing the $2.16 per share expectation. Caterpillar – Caterpillar stock dropped nearly 3 percent after UBS double downgraded the shares to sell from buy on Tuesday, citing slowing global construction demand. Discovery Communications – The cabl


Check out the companies making headlines midday Tuesday:Home Depot – Shares of Home Depot fell 2.5 percent after the home improvement retailer posted weaker-than-expected fourth-quarter results. Home Depot earned $2.09 per share during its fourth quarter, missing the $2.16 per share expectation. Caterpillar – Caterpillar stock dropped nearly 3 percent after UBS double downgraded the shares to sell from buy on Tuesday, citing slowing global construction demand. Discovery Communications – The cabl
Stocks making the biggest moves midday: Home Depot, Caterpillar, J.M. Smucker & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: yun li, bryan r smith, afp, getty images
Keywords: news, cnbc, companies, biggest, results, midday, stock, moves, caterpillar, jm, fourthquarter, cents, smucker, depot, making, share, revenue, quarter, shares, posted, stocks


Stocks making the biggest moves midday: Home Depot, Caterpillar, J.M. Smucker & more

Check out the companies making headlines midday Tuesday:

Home Depot – Shares of Home Depot fell 2.5 percent after the home improvement retailer posted weaker-than-expected fourth-quarter results. Home Depot earned $2.09 per share during its fourth quarter, missing the $2.16 per share expectation. Revenue was below forecasts as well. Home Depot also said that the company is seeing slower growth in housing metrics after its 2019 outlook disappointed investors.

Caterpillar – Caterpillar stock dropped nearly 3 percent after UBS double downgraded the shares to sell from buy on Tuesday, citing slowing global construction demand. The bank also lowered its 12-month price target to $125 from $154 a share, saying the majority of the heavy equipment maker’s end markets will peak this year, and that revenue and margins will come under pressure in 2020 as demand declines.

J.M. Smucker – Shares of J.M. Smucker gained almost 6 percent after its fourth-quarter numbers beat expectations. The food producer reported adjusted quarterly profit of $2.26 per share, 25 cents above estimates, while revenue also beat analyst forecasts. The results were helped by increasing contributions from some of the company’s newer products.

Discovery Communications – The cable channel owner and programmer’s stock tumbled more than 7 percent on disappointing fourth-quarter results. Discovery posted earnings of 74 cents a share in the December quarter, below consensus of 78 cents. Revenue also came in below Wall Street forecasts.

Tenet Healthcare – Shares of Tenet surged more than 11 percent after the hospital operator reported better-than-expected earnings. Tenet’s adjusted quarterly profit came in at 51 cents per share, well above the consensus estimate of 28 cents. Revenue also beat forecasts, and Tenet said it had meaningfully improved its financial performance during 2018.

Dillard’s — Dillard’s shares rose more than 16 percent after the department store chain released its fourth-quarter results. The company posted better-than-expected revenue as its same-store sales grew by 2 percent. The fourth-quarter marked the fifth consecutive quarter of expanding same-store sales.

AT&T — Shares of AT&T gained 0.5 percent after a federal appeals judge ruled Tuesday that its merger with Time Warner can stand. The ruling brings it closer to the conclusion of a years-long merger process that has pitted AT&T against U.S. antitrust regulators.

AutoZone — AutoZone stock climbed nearly 6 percent after the auto parts retailer posted better-than-expected quarterly results. For its fiscal second quarter, AutoZone earned $11.49 a share, beating Wall Street estimates of $9.96 per share. U.S. same-store sales rose 2.6 percent, above consensus of 2.2 percent. The company said earnings benefited from tax reform in the current and prior-year quarters.

– CNBC’s Fred Imbert contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: yun li, bryan r smith, afp, getty images
Keywords: news, cnbc, companies, biggest, results, midday, stock, moves, caterpillar, jm, fourthquarter, cents, smucker, depot, making, share, revenue, quarter, shares, posted, stocks


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