Investing

Wall Street wasn’t pleased with Red Hat’s second-quarter revenue miss on Wednesday, but the software company’s outlook is much brighter than this quarter made it seem, Red Hat President and CEO Jim Whitehurst told CNBC on Friday. An open-source software provider that helps enterprises get onto the cloud, Red Hat gets much of its business
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Wall Street wasn’t pleased with Red Hat’s second-quarter revenue miss on Wednesday, but the software company’s outlook is much brighter than this quarter made it seem, Red Hat President and CEO Jim Whitehurst told CNBC on Friday. An open-source software provider that helps enterprises get onto the cloud, Red Hat gets much of its business
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Dreamforce: On Tuesday, “Mad Money” hits the road to Dreamforce, a huge festival hosted by Salesforce.com covering all things tech and cutting-edge. Cramer will hear from some of the best minds in Silicon Valley, so if you’re a tech investor, don’t miss Tuesday’s show! Salesforce.com: An analyst meeting at Salesforce could shed some light on
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Micron confirmed investors’ worst fears, saying PC processor shortages are hurting demand for its memory chips. The chipmaker’s shares are down 4.2 percent in Friday’s premarket session, a day after it gave weaker-than-expected fiscal first-quarter guidance. Micron estimates the company will generate November quarter sales of between $7.9 billion and $8.3 billion versus the Wall
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Snap Inc.: “In the $20s, $30s, it was bad. Then they missed the quarter really badly, about as bad as I’ve ever seen a miss, so I can’t get behind it. I’m sorry. That was just a really bad miss. Sometimes you listen to the companies and they really screw up and that one really
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Starting Wednesday, all policies underwritten by John Hancock will include Vitality, a behavior-change platform aimed at incentivizing people to live healthier, longer lives. John Hancock, which has been around for 156 years and is owned by Canada’s Manulife Financial, already had some experience with the platform as part of its overall insurance offerings and saw
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But Wall Street traders warn Tilray’s valuation is getting too extreme after its stock move. The company has a market value of about $20 billion and trades at nearly 500 times its 2018 estimated sales versus the S&P 500’s 2.2 times sales, according to FactSet. Tilray reported just $17.6 million in sales over the last
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With investors seemingly undecided about how badly trade tensions with China will hit U.S. markets, CNBC’s Jim Cramer wanted to define the issue a bit more for Wall Street. “‘Who has more to lose?’ People keep asking this question about the trade war with China as though we don’t really already know the answer. But
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Oliver Contreras | Getty Images News | Getty Images President Donald Trump gestures during the Hispanic Heritage Month Celebration in the East Room of the White House on September 17, 2018 in Washington, DC. President Trump hosted the event to celebrate the heritage month with Hispanic leaders.  If those “fantastic fundamentals” slow down, which Paulsen
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Gary Cohn, the White House’s former top economic advisor, said Monday that Jamie Dimon would make a “phenomenal president” days after the J.P. Morgan Chase chief executive said he could beat President Donald Trump in an election. “I think Jamie would make a phenomenal president. I think Jamie would be a spectacular president,” Cohn said
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Spotify: “I would buy more. The problem is it’s a wild, wild trader. But let’s take out a three-to-five [year] look: this thing is one of the great subscription [stocks]. You know we love the subscription economy. This is at the heart of it.” Owens Corning: “It’s going to be a rough slog. Why is
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From hot to not. Boeing shares started 2018 on fire, rallying 20 percent in January. But it’s been in a holding pattern ever since, registering a scant return of 0.13 percent since Jan. 31. Now, one chart watcher says Boeing is about to throttle foward again. “Boeing has been in consolidation for a long period
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General Electric: “I think that GE is still a wait-and-see story, but it does seem to have bottomed. But it’s a wait-and-see story.” Gilead Sciences: “It’s real low. It’s real cheap. It’s got some decent drugs in the pipeline. I wouldn’t sell it here, but I do not have any reason to recommend the stock.”
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Michael Novogratz, a former hedge-fund manager who is heavily invested in digital currencies, called a bottom on cryptocurrencies Thursday. “I think we put in a low yesterday,” Novogratz said in a tweet. He also noted the Bloomberg Galaxy Crypto index, which measures the performance of the largest digital currencies traded in dollars, “retouched the highs
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The resurrection in shares of Turtle Beach, a high-end headset maker whose products are popular with video gamers, stunned even CNBC’s Jim Cramer. “How do you go from $2 to $22 in nine months?” the “Mad Money” host wondered on Wednesday. “Simple: this rally is all about the rise of these insanely popular battle-royale games
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