Latest news with #NancyTengler
CNBC
4 days ago
- Automotive
- CNBC
Tesla is back, says Laffer Tengler CEO Nancy Tengler
Nancy Tengler, Laffer Tengler Investments CIO and CEO, joins 'Power Lunch' to discuss what to expect for Tesla shares after Elon Musk's departure from DOGE.
Yahoo
6 days ago
- Business
- Yahoo
Microsoft Shares Go From Laggard to Leader as AI Growth Improves
(Bloomberg) -- After languishing for months, Microsoft Corp. shares are back within striking distance of a record high amid signs that performance in its Azure cloud-computing business is back on track. NYC Congestion Toll Brings In $216 Million in First Four Months NY Wins Order Against US Funding Freeze in Congestion Fight NY Congestion Pricing Is Likely to Stay Until Year End During Court Case Now With Colorful Blocks, Tirana's Pyramid Represents a Changing Albania The software giant's shares are about 2% shy of the record reached last July, with their 16% advance in May putting them on track for the best month in more than three years. The rally has been fueled by the broader rebound in US equities, as well as better-than-expected results from Azure, which investors are betting will continue as artificial intelligence drives more business. 'AI is becoming a bigger and bigger component of those revenues,' said Nancy Tengler, chief executive officer at Laffer Tengler Investments. 'I do think it's a sustainer.' The strength in Microsoft shares is a stark reversal from last year, when concerns about its position in the AI race and disappointing Azure growth weighed on the stock. Microsoft's 12% advance in 2024 made it the worst performer among the so-called Magnificent Seven stocks, which also includes Apple Inc., Nvidia Corp., Alphabet Inc., Inc., Meta Platforms Inc. and Tesla Inc. This year, Microsoft's 9% advance has outperformed all of those peers save for Meta, which is up 10%. In addition to benefiting from limited exposure to President Donald Trump's tariffs, Microsoft emerged as one of the biggest winners from a mostly strong earnings season for Big Tech. The Redmond, Washington-based company reported revenue and profit in its fiscal third quarter that beat Wall Street estimates. Azure was the standout, with revenue growth of 33% exceeding expectations. Azure's sales include both AI services — the computing power that backs OpenAI's ChatGPT and similar tools — and other products like databases and on-demand storage. Microsoft Chief Financial Officer Amy Hood said last month that it was those non-AI businesses that outperformed expectations in the most recent quarter. This week, TD Cowen analysts led by Derrick Wood projected that AI-related Azure revenue would rise to about $24 billion in the 2026 fiscal year, from roughly $4 billion in fiscal 2024. The analysts, who have a buy rating on the stock, raised their price target to $540 from $490, implying a potential gain of about 18% from Wednesday's closing price. Of the 72 analysts tracked by Bloomberg that cover Microsoft, only 6 have hold ratings and none recommend selling. 'A return to Azure upside trends and firmer growth in the mid-30% level should help drive a stronger narrative around Azure and greater fund flows back into MSFT,' TD Cowen analysts wrote on Tuesday, referring to the company by its ticker symbol. At 30 times profits projected over the next 12 months, Microsoft is priced at a premium to the Nasdaq 100 Index and its own 10-year average, both of which sit around 26 times, according to data compiled by Bloomberg. In the past week, Microsoft has traded sideways, which Tengler sees as a sign that the shares don't have much more near-term upside. On the other hand, Kevin Walkush, a portfolio manager at Jensen Investment Management, expects the stock to continue moving higher, amid indications that the company will generate a growing share of revenue from AI services. 'Microsoft is probably one of the best long opportunities in AI,' said Walkush, whose firm, like Tengler's, owns the stock. 'Players like Microsoft tend to profit and do very well because they can kind of monetize the ongoing activity pretty continuously and tend to be very high margin.' Top Tech Stories Nvidia Corp. Chief Executive Officer Jensen Huang soothed investor fears about a China slowdown by delivering a solid sales forecast, saying that the AI computing market is still poised for 'exponential growth.' Salesforce Inc. raised its annual sales forecast, suggesting that its AI agent product is on a path to contribute significant revenue. HP Inc.'s profit outlook fell short of estimates and it cut the annual earnings forecast, pointing toward a weaker economy and continuing costs from US tariffs on goods from China. The Trump administration is moving to restrict the sale of chip design software to China, people familiar with the matter said, as the US government evaluates a broader policy announcement on the issue. DeepSeek said it has upgraded the R1 artificial intelligence model that helped propel the Chinese startup to global prominence at the start of this year. Earnings Due Thursday Earnings Postmarket: Ambarella Inc. (AMBA US) Dell Technologies Inc. (DELL US) Elastic NV (ESTC US) NetApp Inc. (NTAP US) PagerDuty Inc. (PD US) Zscaler Inc. (ZS US) --With assistance from Subrat Patnaik. Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Inside the First Stargate AI Data Center How Coach Handbags Became a Gen Z Status Symbol ©2025 Bloomberg L.P.
CNBC
27-05-2025
- Business
- CNBC
Investors will be rewarded if they believe in Starbucks' turnaround story, CIO says
Starbucks is in the middle of a turnaround story as new management is expected to overhaul the struggling coffee chain, according to Nancy Tengler, Laffer Tengler Investments CEO and CIO. Tengler broke down her views on Starbucks, Nvidia, and EQT on CNBC's "Three-Stock Lunch" Tuesday. Starbucks Last month, Starbucks missed earnings and revenue estimates for its fiscal second quarter as same-store sales fell for the fifth straight quarter. Still, CEO Brian Niccol said the coffee chain is seeing "momentum" in its turnaround, even though the effort will pressure earnings. "I think it's presenting an opportunity to invest, for investors to step in," Tengler said. " New CFO [Nordstrom alumna Cathy Smith] is adding a level of urgency, and they are really investing in labor, which was a weak spot of the company. You're getting paid to wait. I think this is a name that you can add to just take your time, because it's going to take a little while to turn it around." SBUX YTD mountain Starbucks Nvidia Nvidia is in the sweet spot in the artificial intelligence boom, and investors should use the weakness from headlines to add to their holdings, Tengler said. She said she's been increasing her investment in the chip giant during key market events, including President Donald Trump's initial tariff rollout and the launch of a language model from Chinese competitor DeepSeek. "If you look at where they are in the stack of AI, they're in the sweet spot," Tengler said. "They are the go-to chip provider, and all of the hyperscalers have told us that they're capacity constrained." Nvidia is scheduled to report quarterly earnings on Wednesday after the bell. Many investors are focused on the impact of export restrictions to China. The Trump administration said it was requiring an export license for the company's H20 chip. Nvidia said it would take a $5.5 billion write-down on inventory for its H20 chip, what analysts called the biggest write-down in the history of the chip industry. NVDA YTD mountain Nvidia EQT Tengler is also bullish on Pittsburgh-based energy company EQT . The company has a current dividend yield of 1.1%. "This is a company that's pledged to return 60% of free cash flow to shareholders through buybacks and dividend increases," she said. "They are also generating free cash flow at two times the competition. And we think there's a tailwind behind natural gas prices and LNG export prices so we're pretty optimistic on the group." EQT YTD mountain EQT
Yahoo
26-05-2025
- Business
- Yahoo
Nvidia is an AI name you want to own and 'take advantage of'
Semiconductor giant Nvidia (NVDA) is due to release its first quarter earnings results on Wednesday, May 28, closing out earnings season for the Magnificent Seven. Laffer Tengler Investments CEO and CIO Nancy Tengler joins the Morning Brief team to talk about her firm's coverage of the chipmaker — an integral component of the AI Revolution — and what she anticipates to hear more from Nvidia chief executive Jensen Huang. Also hear Nancy Tengler weigh in on President Trump's tariff threats against Apple (AAPL) if the iPhone doesn't move device manufacturing to the US. Catch Yahoo Finance's coverage of how the chip stock historically reacts to earnings and the areas that mattered the most for the semiconductor giant. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Sign in to access your portfolio
Fox News
23-05-2025
- Business
- Fox News
Business Rundown: Trump's New Tariff Threats & What Happened In The Bond Market
A sell-off in the bond markets this week as investors grow skeptical of America's ability to manage its debt in the long term. Early Friday morning, President Trump leveled fresh tariff threats at the European Union and Apple. FOX Business correspondent Gerri Willis is joined by CEO and CIO of Laffer Tengler Investments Nancy Tengler to explain the stock market reaction to those new potential tariffs and shares why she isn't too worried about the bond market right now. Photo Credit: AP Learn more about your ad choices. Visit
