CNBC’s Jim Cramer has touted Palo Alto Networks (PANW) as his top cybersecurity stock pick after the company became the first in its group to reach a $100 billion market cap. Cramer believes Palo Alto will emerge as the new champion of cybersecurity, citing its milestone as a goal achieved by its management. In Thursday…
CNBC Investing Club with Jim Cramer Releases Homestretch Audio Feature Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. In the latest edition, the market was seen bouncing around as it consolidated its recent gains. As a response to…
Stock Market Update: Key Movements and Recommendations from CNBC’s Morning Meeting The CNBC Investing Club with Jim Cramer livestreamed their Morning Meeting at 10:20 a.m. ET on Thursday, discussing the latest developments in the stock market. Here’s a recap of the key moments from the meeting: 1. Stocks saw a slight dip in midmorning trading…
Palo Alto Networks (PANW) recently announced its fiscal 2024 first-quarter results, reporting strong numbers but lowering its full-year billings outlook. This caused the stock to slide in after-hours trading due to concerns over the rising cost of money. Revenue for the quarter ended Oct. 31 increased 20% year-over-year to $1.88 billion, beating the consensus estimate…
Several companies are making headlines in extended trading, with Cisco Systems, Palo Alto Networks, Maxeon Solar Technologies, and Gambling.com all experiencing significant stock movements. Cisco Systems saw its shares tumble by nearly 11% after offering worse-than-expected guidance for the current quarter and full year. Despite a strong fiscal first-quarter report that beat analysts’ forecasts, the…
U.S. Equities Climbed Higher on Friday, with the S&P 500 and Nasdaq Composite Up On Friday, U.S. equities saw an increase, with the S&P 500 up 0.47% and the Nasdaq Composite up 0.74%. Both indices are set to deliver gains for the week following last week’s strong performance. CNBC’s Jim Cramer commented, “I do think…
JPMorgan Chase CEO Jamie Dimon Plans to Sell Stock in Bank for First Time in Nearly 20 Years In a surprising move, JPMorgan Chase CEO Jamie Dimon has announced his intention to sell stock in the bank for the first time in almost two decades. The decision has put pressure on JPMorgan shares and the…
