Cramer: Stock investors could be in trouble if Trump keeps ‘business-bashing’ like Obama

The stock market could be in for some more pain if President Donald Trump continues “business-bashing” like his predecessor Barack Obama, CNBC’s Jim Cramer predicts. Even though long-term interest rates are a lot lower than they were in 2013, ” Cramer said Monday evening on “Mad Money.” “Wall Street didn’t exactly view Obama as pro-business,” due to the former president’s tough regulatory stance. In the beginning of his administration, Trump talked about the stock market all the time and viewed


The stock market could be in for some more pain if President Donald Trump continues “business-bashing” like his predecessor Barack Obama, CNBC’s Jim Cramer predicts. Even though long-term interest rates are a lot lower than they were in 2013, ” Cramer said Monday evening on “Mad Money.” “Wall Street didn’t exactly view Obama as pro-business,” due to the former president’s tough regulatory stance. In the beginning of his administration, Trump talked about the stock market all the time and viewed
Cramer: Stock investors could be in trouble if Trump keeps ‘business-bashing’ like Obama Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: matthew j belvedere
Keywords: news, cnbc, companies, trade, cramer, trump, market, obama, businessbashing, keeps, president, probusiness, weeks, trumps, stock, term, investors, trouble


Cramer: Stock investors could be in trouble if Trump keeps 'business-bashing' like Obama

The stock market could be in for some more pain if President Donald Trump continues “business-bashing” like his predecessor Barack Obama, CNBC’s Jim Cramer predicts.

“It’s telling that the S&P 500 is the same valuation that it had in Obama’s second term. Even though long-term interest rates are a lot lower than they were in 2013, ” Cramer said Monday evening on “Mad Money.” “Wall Street didn’t exactly view Obama as pro-business,” due to the former president’s tough regulatory stance.

On Tuesday morning, stocks were seeing a broad-based bounce after weeks of struggles on persistent trade concerns and growing worries about whether the U.S. economy can stay strong. Talk of the Federal Reserve keeping interest rates steady for a while has turned to calls for possible rate cuts to halt any slide in growth.

Cramer, who praised many of Trump’s early pro-business moves such as deregulation and tax cuts, has been critical of Trump recently for threatening tariffs on Mexico aimed at curbing illegal immigration and for what appears to be the beginnings of a Big Tech antitrust crackdown at the Justice Department and the Federal Trade Commission.

“It’s possible that President Trump has realized something that Obama discovered when he was running for his second term: Most voters don’t own stocks anymore,” Cramer said, adding that as long as Trump’s poll numbers are up and the economy doesn’t nose-dive, the president feels he can do anything he wants.

In the beginning of his administration, Trump talked about the stock market all the time and viewed it as a report card on his policies. But lately, the pressure on the market does not seem to matter.

“For whatever reason, the president’s whims have trumped his pro-business attitude — he’s anti-business. And if the Trump administration is going to be less pro-business, investors are going to pay,” Cramer said. “Put it all together, you can understand why this market has been hammered for the past five weeks.”


Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: matthew j belvedere
Keywords: news, cnbc, companies, trade, cramer, trump, market, obama, businessbashing, keeps, president, probusiness, weeks, trumps, stock, term, investors, trouble


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Mark Cuban: Workers paid by the hour are ‘always going to fall behind,’ making wealth inequality worse

Billionaire tech entrepreneur Mark Cuban has proposed a solution for income inequality that doesn’t involve dismantling capitalism: Business owners should give all their employees equity. So, said Cuban, “We as entrepreneurs have got to make a point to give stock to everybody that works for us. No exceptions, because that’s the only way people are going to get any type of equity appreciation.” “300 out of 330 [Broadcast.com] employees became millionaires” at the time of its sale, Cuban tells CNB


Billionaire tech entrepreneur Mark Cuban has proposed a solution for income inequality that doesn’t involve dismantling capitalism: Business owners should give all their employees equity. So, said Cuban, “We as entrepreneurs have got to make a point to give stock to everybody that works for us. No exceptions, because that’s the only way people are going to get any type of equity appreciation.” “300 out of 330 [Broadcast.com] employees became millionaires” at the time of its sale, Cuban tells CNB
Mark Cuban: Workers paid by the hour are ‘always going to fall behind,’ making wealth inequality worse Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: catherine clifford
Keywords: news, cnbc, companies, mark, fall, term, inequality, employees, stake, swisher, workers, worse, making, hour, told, stock, going, cuban, wealth, paid, tells, entrepreneurs


Mark Cuban: Workers paid by the hour are 'always going to fall behind,' making wealth inequality worse

Billionaire tech entrepreneur Mark Cuban has proposed a solution for income inequality that doesn’t involve dismantling capitalism: Business owners should give all their employees equity.

“The biggest issue for entrepreneurs, for capitalists, for those of us who are successful is, if someone is only going to be paid by the hour…they’re always going to fall behind,” Cuban told Recode Decode with Kara Swisher at the 2019 SALT Conference in Las Vegas. “And income distribution is … [the] disparity is going to get wider and wider.”

So, said Cuban, “We as entrepreneurs have got to make a point to give stock to everybody that works for us. Period. End of story. No exceptions, because that’s the only way people are going to get any type of equity appreciation.”

If entrepreneurs give their employees an ownership stake in the company, then employees can reap the benefits of its success as the value of the stake grows, said Cuban, often substantially.

Uber’s first employee, Ryan Graves, for example, is now worth more than a billion dollars thanks to the company stock he got as part of his employment. And many of Cuban’s former employees became millionaires, he tells CNBC Make It.

Cuban says that he gave all his employees stock at the two companies he founded — Microsolutions, a computer consulting service he sold to Compuserve in 1990, and Broadcast.com, an online streaming service he sold to Yahoo in 1999 for almost $6 billion in stock.

“300 out of 330 [Broadcast.com] employees became millionaires” at the time of its sale, Cuban tells CNBC Make It.

According to Cuban, “capitalism isn’t bad. It’s when capitalists don’t pay attention” that bad things can happen,” he told Swisher. “Our country is a lot like running a business…you can’t just look at the short term in the immediate aspect, you’ve got to look at the long term,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-06-03  Authors: catherine clifford
Keywords: news, cnbc, companies, mark, fall, term, inequality, employees, stake, swisher, workers, worse, making, hour, told, stock, going, cuban, wealth, paid, tells, entrepreneurs


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Pinterest CEO: We’re in growth phase of our business

Pinterest CEO: We’re in growth phase of our business47 Mins Ago”We’re trying to be transparent and … we want to focus on the long term,” CEO Ben Silbermann says.


Pinterest CEO: We’re in growth phase of our business47 Mins Ago”We’re trying to be transparent and … we want to focus on the long term,” CEO Ben Silbermann says.
Pinterest CEO: We’re in growth phase of our business Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17
Keywords: news, cnbc, companies, transparent, phase, pinterest, trying, mins, growth, long, business, ceo, silbermann, term


Pinterest CEO: We're in growth phase of our business

Pinterest CEO: We’re in growth phase of our business

47 Mins Ago

“We’re trying to be transparent and … we want to focus on the long term,” CEO Ben Silbermann says.


Company: cnbc, Activity: cnbc, Date: 2019-05-17
Keywords: news, cnbc, companies, transparent, phase, pinterest, trying, mins, growth, long, business, ceo, silbermann, term


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S&P 500’s best-performing stock this year is also the most heavily shorted

However, it is also the most shorted stock of the S&P 500 at 50% of its float. High short interest could squeeze out more gains in this rally over the short term, says one technical analyst. “Near term the stock is still quite bullish,” Mark Newton, founder of Newton Advisors, said Wednesday on CNBC’s “Trading Nation. ” I see the stock going to $14.50 to $15 near term.” Tepper instead prefers another beauty stock over Coty.


However, it is also the most shorted stock of the S&P 500 at 50% of its float. High short interest could squeeze out more gains in this rally over the short term, says one technical analyst. “Near term the stock is still quite bullish,” Mark Newton, founder of Newton Advisors, said Wednesday on CNBC’s “Trading Nation. ” I see the stock going to $14.50 to $15 near term.” Tepper instead prefers another beauty stock over Coty.
S&P 500’s best-performing stock this year is also the most heavily shorted Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: keris lahiff
Keywords: news, cnbc, companies, beauty, sp, term, 15, stock, short, shorted, tepper, heavily, bestperforming, near, newton, quite, 500s


S&P 500's best-performing stock this year is also the most heavily shorted

One stock has been a surprise winner on the S&P 500 this year: Coty.

The beauty retailer has exploded 102% in 2019, by far the best performer of the benchmark index.

However, it is also the most shorted stock of the S&P 500 at 50% of its float.

High short interest could squeeze out more gains in this rally over the short term, says one technical analyst.

“Near term the stock is still quite bullish,” Mark Newton, founder of Newton Advisors, said Wednesday on CNBC’s “Trading Nation. ” “Technically the stock has started to act quite well, breaking out on very heavy volume, almost three or four times average of late. I see the stock going to $14.50 to $15 near term.”

Anything past that critical level looks like a tougher ask, though, says Newton.

“You do see some headwinds right near $15. The stock did come down from a high of over $30 back in 2015,” said Newton. It’s “still coming down off a big, long decline in the stock … For investors, it needs to clear $15 to really be out of the woods.”

Mark Tepper, president of Strategic Wealth Partners, says fundamentals also don’t support a long-term breakout.

“Their overall strategy, in my opinion, is still flawed,” Tepper said during the same segment. “With their acquisition from P&G, they’ve basically doubled down on mass consumer, but consumer buying trends have changed. Consumers now want experience, they want prestige, they want boutique, not CoverGirl. And [Coty’s] debt levels are sky high.”

Tepper instead prefers another beauty stock over Coty.

“If you’re going to be in this space I’d rather own Ulta. It’s a better company, no debt, and it gives you exposure to whichever brands are in favor at that given time, ” said Tepper.

Ulta Beauty has also had an impressive year, rallying 41% since January. That puts it on track for its best year since 2015 when it went public.


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: keris lahiff
Keywords: news, cnbc, companies, beauty, sp, term, 15, stock, short, shorted, tepper, heavily, bestperforming, near, newton, quite, 500s


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Buffett says Occidental Petroleum investment is a bet on oil prices over the long term

Billionaire investor Warren Buffett said Monday that Berkshire Hathaway’s $10 billion investment in Occidental Petroleum is a bet on oil prices over the long term. “It’s also a bet on the fact that the Permian Basin is what it is cracked up to be,” the chairman and CEO Berkshire told CNBC’s Becky Quick. But “oil prices will determine whether almost any oil stock is a good investment over time.” Occidental revealed on Tuesday that Berkshire had committed to invest $10 billion in the company to he


Billionaire investor Warren Buffett said Monday that Berkshire Hathaway’s $10 billion investment in Occidental Petroleum is a bet on oil prices over the long term. “It’s also a bet on the fact that the Permian Basin is what it is cracked up to be,” the chairman and CEO Berkshire told CNBC’s Becky Quick. But “oil prices will determine whether almost any oil stock is a good investment over time.” Occidental revealed on Tuesday that Berkshire had committed to invest $10 billion in the company to he
Buffett says Occidental Petroleum investment is a bet on oil prices over the long term Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, bet, billion, term, anadarko, oil, long, berkshire, petroleum, deal, buffett, wouldnt, occidental, told, prices, investment, stock


Buffett says Occidental Petroleum investment is a bet on oil prices over the long term

Billionaire investor Warren Buffett said Monday that Berkshire Hathaway’s $10 billion investment in Occidental Petroleum is a bet on oil prices over the long term.

“It’s also a bet on the fact that the Permian Basin is what it is cracked up to be,” the chairman and CEO Berkshire told CNBC’s Becky Quick. But “oil prices will determine whether almost any oil stock is a good investment over time.”

“If [oil] goes way up, you make a lot of money,” he added.

Occidental revealed on Tuesday that Berkshire had committed to invest $10 billion in the company to help fund its proposed acquisition of Anadarko Petroleum. Berkshire would make the investment by purchasing 100,000 shares of preferred stock, which pays out an 8% annual dividend.

Buffett was willing to invest $20 billion to help Occidental seal the deal, sources told CNBC’s David Faber. Occidental revised its bid to purchase Anadarko after the international oil and gas driller agreed to sell its business to Chevron last month for $65 a share in a 75% stock and 25% cash deal worth $50 billion including debt.

Asked why Berkshire wouldn’t just buy Anadarko itself, Buffett said, “That might have happened if Anadarko came to us, but we wouldn’t jump into some other deal that we heard about from somebody else coming to us seeking financing.”

Later in the interview, longtime investing partner and vice chairman Charlie Munger responded to the question as well, saying, “Nobody asked us to.”

Buffett added he previously never had any sort of communication with Anadarko.

The Oracle of Omaha appeared on “Squawk Box” for a wide-ranging interview on Monday, following the weekend festivities at Berkshire Hathaway’s annual shareholder meeting.

—CNBC’s Tom DiChristopher contributed to this report.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, bet, billion, term, anadarko, oil, long, berkshire, petroleum, deal, buffett, wouldnt, occidental, told, prices, investment, stock


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Warren Buffett heads into Berkshire’s big weekend with stock underperforming over long term

Baldwin owned 83,000 Berkshire Class B shares at the end of March with a current market value of about $18 million. And Berkshire has stock holdings in big, value companies like Coca-Cola, Bank of America and Verizon. These types of stocks, Buffett has said, help guarantee earnings for years to come through persistent dividends and stable balance sheets. And some of those value names for Buffett have turned into traps, including underperforming bank stocks and Kraft Heinz, one of Berkshire’s lar


Baldwin owned 83,000 Berkshire Class B shares at the end of March with a current market value of about $18 million. And Berkshire has stock holdings in big, value companies like Coca-Cola, Bank of America and Verizon. These types of stocks, Buffett has said, help guarantee earnings for years to come through persistent dividends and stable balance sheets. And some of those value names for Buffett have turned into traps, including underperforming bank stocks and Kraft Heinz, one of Berkshire’s lar
Warren Buffett heads into Berkshire’s big weekend with stock underperforming over long term Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: thomas franck
Keywords: news, cnbc, companies, warren, underperforming, term, heads, big, buffett, stock, value, heinz, berkshire, market, kraft, worth, long, weekend, berkshires, stocks


Warren Buffett heads into Berkshire's big weekend with stock underperforming over long term

Berkshire Hathaway chiefs Warren Buffett and Charlie Munger will do their best to answer hours’ worth of questions during the company’s annual meeting on Saturday on everything from investing to politics to life.

Despite the fact that most of the 30,000 Berkshire investors congregating in Omaha, Nebraska, are lifetime Buffett devotees, many are sure to raise one awkward matter: Why does Berkshire continue to underperform the stock market and what are the 88-year-old Buffett and Munger, 95, going to do to correct course?

Michelle Buckley, chief investment officer of Baldwin Brothers, a Berkshire holder with $1 billion under management, said that while her firm appreciates Berkshire’s reliable earnings potential, there is growing concern the conglomerate is being too conservative. Especially with its $110 billion cash hoard in a market environment clearly rewarding increased risk-taking and growth — not exactly Buffett’s forte.

“We have owned Berkshire Hathaway at Baldwin for a significant amount of time and continue to incorporate it into our proprietary equity strategies to reflect that legacy positioning but also to capture the conglomerate’s earnings potential,” Buckley wrote in an email. “We are, however, becoming increasingly uncomfortable with Berkshire, as we also built our position to reflect the conglomerate’s historically noteworthy cash conversion and capital allocation.”

Baldwin owned 83,000 Berkshire Class B shares at the end of March with a current market value of about $18 million. Baldwin also sponsored a 2017 proposal on Berkshire’s proxy ballot to attempt to reduce the conglomerate’s methane emissions.

It may surprise some investors to learn that despite Buffett’s prowess and mammoth lifetime outperformance, Berkshire is trailing the S&P 500 over the last one, five, 10 and 15 years. To be fair to Buffett, a lot of that is due to stock investors’ continued preference for hot growth stocks, which the classic value investor like Buffett has largely avoided. These include names such as Microsoft, Amazon and Alphabet.

Looking at the numbers, $1,000 invested in Berkshire Hathaway on May 1, 2009 would now be worth $3,568. That same $1,000 invested in the S&P 500 would be worth $4,106 over the last 10 years.

Growth equities have seen remarkable outperformance over the broader market during the last five years, with the Vanguard Growth ETF up 185% versus the S&P 500’s 173% gain on an indexed basis.

Meanwhile, Berkshire’s management team oversees a private portfolio of companies described by the CEO as a “Niagara” of cash generation. And Berkshire has stock holdings in big, value companies like Coca-Cola, Bank of America and Verizon. These types of stocks, Buffett has said, help guarantee earnings for years to come through persistent dividends and stable balance sheets.

But the rest of Wall Street hasn’t been interested in hunting for value amid consumer staples companies or big banks, opting instead for flashy acronyms stocks such as the FANGs.

And some of those value names for Buffett have turned into traps, including underperforming bank stocks and Kraft Heinz, one of Berkshire’s largest holdings. The stock of the packaged food giant, whose products include Heinz Tomato Ketchup, Jell-O and Kraft Macaroni & Cheese, plunged more than 27% in a single session earlier this year.

Berkshire, which first took a meaningful, 320 million stake in the company in 2015 when Kraft merged with Heinz, has seen losses in that investment. Kraft shares, which shot to $83.17 in March 2015 after the merger between Kraft and Heinz was revealed, are now worth $32.


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: thomas franck
Keywords: news, cnbc, companies, warren, underperforming, term, heads, big, buffett, stock, value, heinz, berkshire, market, kraft, worth, long, weekend, berkshires, stocks


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Top-performing fund manager who takes big risks says stay invested in US stocks

Margaret Patel, a successful investor for more than four decades, has a simple secret: Be flexible. “Often there are opportunities that everybody can see, but you’re restricted by mandate or asset class,” Patel told CNBC at the sidelines of the Ned Davis Research conference earlier this month. “I start with the top-down macro view of the economy and what industries should do well. In the past five years, the fund has returned 10.7% to investors and 14.2% over the past decade. The fund also ranks


Margaret Patel, a successful investor for more than four decades, has a simple secret: Be flexible. “Often there are opportunities that everybody can see, but you’re restricted by mandate or asset class,” Patel told CNBC at the sidelines of the Ned Davis Research conference earlier this month. “I start with the top-down macro view of the economy and what industries should do well. In the past five years, the fund has returned 10.7% to investors and 14.2% over the past decade. The fund also ranks
Top-performing fund manager who takes big risks says stay invested in US stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-26  Authors: fred imbert
Keywords: news, cnbc, companies, patel, takes, topperforming, stocks, told, invested, wells, manager, stay, big, term, fund, asset, youre, risks, past, view, topdown


Top-performing fund manager who takes big risks says stay invested in US stocks

Margaret Patel, a successful investor for more than four decades, has a simple secret: Be flexible.

“Often there are opportunities that everybody can see, but you’re restricted by mandate or asset class,” Patel told CNBC at the sidelines of the Ned Davis Research conference earlier this month. “We have a much more flexible approach.”

“I start with the top-down macro view of the economy and what industries should do well. Then, I look for the companies in each industry,” she said. “Then, I make a capital-structure decision, which is: Should we buy the bond or the stock, or a combination of both?”

This go-anywhere approach has paid off. Patel’s fund, the Wells Fargo Asset Management’s Diversified Capital Builder fund (EKBYX), is up 16.5% this year and is outperforming 97% of its counterparts in the 70% to 85% equity allocation category, according to data from Morningstar. The five-star-rated fund has also done well long term. In the past five years, the fund has returned 10.7% to investors and 14.2% over the past decade. The fund also ranks in the category’s top percentile over both time periods.


Company: cnbc, Activity: cnbc, Date: 2019-04-26  Authors: fred imbert
Keywords: news, cnbc, companies, patel, takes, topperforming, stocks, told, invested, wells, manager, stay, big, term, fund, asset, youre, risks, past, view, topdown


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Salesforce nearly doubled its money in Zoom IPO, but company says it’s in for the long term

Salesforce invested $100 million in Zoom’s IPO, and it’s paying off quickly, almost doubling in value in just three trading days. It’s the result of an unconventional investing approach for Salesforce Ventures. With Zoom, the company is working to enable live video for Salesforce’s sales and service representatives and is integrating Salesforce’s Einstein artificial intelligence technology to transcribe Zoom video meetings for participants, said John Somorjai, the head of Salesforce Ventures. Zo


Salesforce invested $100 million in Zoom’s IPO, and it’s paying off quickly, almost doubling in value in just three trading days. It’s the result of an unconventional investing approach for Salesforce Ventures. With Zoom, the company is working to enable live video for Salesforce’s sales and service representatives and is integrating Salesforce’s Einstein artificial intelligence technology to transcribe Zoom video meetings for participants, said John Somorjai, the head of Salesforce Ventures. Zo
Salesforce nearly doubled its money in Zoom IPO, but company says it’s in for the long term Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: ari levy, kena betancur, getty images
Keywords: news, cnbc, companies, ventures, long, doubled, zoom, video, somorjai, salesforces, million, surveymonkey, money, term, salesforce, venture, company, ipo, nearly, dropbox


Salesforce nearly doubled its money in Zoom IPO, but company says it's in for the long term

Salesforce invested $100 million in Zoom’s IPO, and it’s paying off quickly, almost doubling in value in just three trading days.

It’s the result of an unconventional investing approach for Salesforce Ventures. Like other corporate venture arms, Salesforce typically backs earlier-stage companies, but since early last year the venture group has been buying shares in select IPOs, like Dropbox and SurveyMonkey, hoping to benefit from the expected pop and to forge a tighter bond with emerging cloud software companies.

With Zoom, the company is working to enable live video for Salesforce’s sales and service representatives and is integrating Salesforce’s Einstein artificial intelligence technology to transcribe Zoom video meetings for participants, said John Somorjai, the head of Salesforce Ventures.

“It was a very basic integration and now will be much deeper,” Somorjai said in an interview this week. “There are a lot of ways we can bring these products together.”

Shares of Zoom rocketed 72% in their debut on Thursday and have continued to trade higher, closing on Tuesday at $69, valuing Salesforce’s stake at about $192 million. But while Salesforce Ventures invested alongside traditional public market buyers, the company agreed to the same 180-day lockup period as insiders and even signed a so-called standoff agreement with Zoom not to sell the shares for up to a year, according to the prospectus.

“Our goal is to be long-term investors,” said Somorjai, who is also Salesforce’s executive vice president of corporate development.

Zoom is the third cloud software stock Salesforce has bought in an IPO, following Dropbox in March 2018 and SurveyMonkey in September. Both of those produced less dramatic returns. Salesforce’s $100 million investment in Dropbox is now worth $111 million, and its $40 million initial stake in SurveyMonkey is valued at $58.5 million as of Tuesday’s close.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: ari levy, kena betancur, getty images
Keywords: news, cnbc, companies, ventures, long, doubled, zoom, video, somorjai, salesforces, million, surveymonkey, money, term, salesforce, venture, company, ipo, nearly, dropbox


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Salesforce nearly doubled its money in Zoom IPO, but company says it’s in for the long term

Salesforce invested $100 million in Zoom’s IPO, and it’s paying off quickly, almost doubling in value in just three trading days. It’s the result of an unconventional investing approach for Salesforce Ventures. With Zoom, the company is working to enable live video for Salesforce’s sales and service representatives and is integrating Salesforce’s Einstein artificial intelligence technology to transcribe Zoom video meetings for participants, said John Somorjai, the head of Salesforce Ventures. Zo


Salesforce invested $100 million in Zoom’s IPO, and it’s paying off quickly, almost doubling in value in just three trading days. It’s the result of an unconventional investing approach for Salesforce Ventures. With Zoom, the company is working to enable live video for Salesforce’s sales and service representatives and is integrating Salesforce’s Einstein artificial intelligence technology to transcribe Zoom video meetings for participants, said John Somorjai, the head of Salesforce Ventures. Zo
Salesforce nearly doubled its money in Zoom IPO, but company says it’s in for the long term Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: ari levy, kena betancur, getty images
Keywords: news, cnbc, companies, ventures, long, doubled, zoom, video, somorjai, salesforces, million, surveymonkey, money, term, salesforce, venture, company, ipo, nearly, dropbox


Salesforce nearly doubled its money in Zoom IPO, but company says it's in for the long term

Salesforce invested $100 million in Zoom’s IPO, and it’s paying off quickly, almost doubling in value in just three trading days.

It’s the result of an unconventional investing approach for Salesforce Ventures. Like other corporate venture arms, Salesforce typically backs earlier-stage companies, but since early last year the venture group has been buying shares in select IPOs, like Dropbox and SurveyMonkey, hoping to benefit from the expected pop and to forge a tighter bond with emerging cloud software companies.

With Zoom, the company is working to enable live video for Salesforce’s sales and service representatives and is integrating Salesforce’s Einstein artificial intelligence technology to transcribe Zoom video meetings for participants, said John Somorjai, the head of Salesforce Ventures.

“It was a very basic integration and now will be much deeper,” Somorjai said in an interview this week. “There are a lot of ways we can bring these products together.”

Shares of Zoom rocketed 72% in their debut on Thursday and have continued to trade higher, closing on Tuesday at $69, valuing Salesforce’s stake at about $192 million. But while Salesforce Ventures invested alongside traditional public market buyers, the company agreed to the same 180-day lockup period as insiders and even signed a so-called standoff agreement with Zoom not to sell the shares for up to a year, according to the prospectus.

“Our goal is to be long-term investors,” said Somorjai, who is also Salesforce’s executive vice president of corporate development.

Zoom is the third cloud software stock Salesforce has bought in an IPO, following Dropbox in March 2018 and SurveyMonkey in September. Both of those produced less dramatic returns. Salesforce’s $100 million investment in Dropbox is now worth $111 million, and its $40 million initial stake in SurveyMonkey is valued at $58.5 million as of Tuesday’s close.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: ari levy, kena betancur, getty images
Keywords: news, cnbc, companies, ventures, long, doubled, zoom, video, somorjai, salesforces, million, surveymonkey, money, term, salesforce, venture, company, ipo, nearly, dropbox


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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?”

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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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