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

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

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

The recent rally to record highs in U.S. stocks may feel like reason to celebrate, but one investor suggests a better bet may be overseas. GMO’s Catherine LeGraw believes that while U.S.-based stocks tend to be of a higher quality, investors can find far more affordable deals in emerging market equities. “We have historically wide

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

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

Susan Walsh | AP Wells Fargo Chief Executive Officer and President Timothy Sloan testifies before the Senate Committee on Banking, Housing and Urban Affairs on Capitol Hill in Washington, Tuesday, Oct. 3, 2017, during a hearing on Wells Fargo after one year. Wells Fargo, the third-biggest U.S. bank, plans to lower its employee headcount by

Stifel is getting more bullish on AMD shares because of the chipmaker’s rising profit margins and market share gains. The firm raised its price target for Advanced Micro Devices shares by 81 percent, to $38 from $21, citing strong demand for its new products. The updated forecast is 22 percent higher than Wednesday’s closing price.

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

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

Veteran investor Jack Ablin is out with a new inflation call. He believes the U.S. is inching closer to an inflationary environment not seen since 1980 due to two chief factors: Federal Reserve policy and the trade war. “We’re starting to see some of it. For example, wage growth [is] trending towards 3 percent, [higher]

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

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

An Institutional Investor hall of famer has a message for investors: Don’t turn too cautious. Richard Bernstein, who has spent decades on Wall Street, believes the late-cycle economic environment is creating too much confusion on Wall Street — pushing many investors to make ill-advised decisions. “Late in the cycle makes it sound like the abyss

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

Raymond James is getting more optimistic on Bed Bath & Beyond shares due to the improving economy. The firm raised its rating to market perform from underperform for Bed Bath & Beyond shares, predicting the retailer will report sales above expectations in its fiscal second quarter. We are “expecting above-consensus same-store sales [for Bed Bath

Ivan Alvarado | Reuters The logo of Amazon Web Services (AWS) is seen during the 4th annual America Digital Latin American Congress of Business and Technology in Santiago, Chile, September 5, 2018.  Citi Research believes Amazon should split itself up to reduce the risk of regulation and increase shareholder value. The firm reiterated its buy

Come Monday, the tech-heavy Nasdaq will try to kick-off its second positive week in a row. But it’s poised to do so without small cap tech and Chinese internet companies. According to veteran market watcher Nicholas Colas, much of Wall Street is mistakenly assuming that the technology sector’s big surge is broad-based. “It’s largely a

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

The so-called “disposition effect,” or tendency for investors to sell their winning stocks and hang on to losers, can also prove harmful in a bull market. Even though this bull, now the longest in history, seems to have entered its later innings, the economy is still growing at its best pace in four years, and

Amazon‘s stock is up nearly 70 percent this year, but CEO Jeff Bezos insists he doesn’t spend “any time thinking about” the e-commerce giant’s daily price — even as its rise solidifies his position as the richest man in the world. “At almost every all-hands meeting I say: ‘Look, when the stock is up 30

“My own way of thinking is it looks like an overreaction,” Shiller said Friday at a conference in New York presented by the Wharton School. “We’re launching a trade war. Aren’t people thinking about that? Is that a good thing? I don’t know, but I’m thinking it’s likely to be bad times in the stock

Chinese tech stocks are tracking for their first positive week in three as shares in Alibaba, Weibo, Sina and Baidu bounce back from trade-triggered sell-offs over the summer. Only one of those tech names could be an even better bet going forward than shares of Amazon, says Mark Tepper, CEO and president at Strategic Wealth

Though the campaign prompted a boycott from some consumers who were upset over the use of a polarizing figure like Kaepernick, and the stock initially dropped, Nike’s online sales reportedly surged in the immediate few days thereafter. The video on Nike’s Instagram account is now its second most-liked post ever, behind its soccer World Cup

Pitzer reaffirmed his $90 price target for Micron shares, representing 106 percent upside to Thursday’s close. The analyst said the chipmaker trades at 1.7 times its forward enterprise value to sales, which is below its historical average and down from the 2.6 times peak in 2016. He also predicts demand for server memory chips will

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

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.”

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

Oh Snap! Shares of the Snapchat parent company tumbled 7 percent Wednesday, hitting a fresh all-time low after BTIG’s Rich Greenfield downgraded it to sell and cut his price target cut to just $5 a share. Snap’s lack of innovation, coupled with the widely criticized redesign of its Snapchat application and low quality advertisements on

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