Latest news with #Seaport
CBS News
6 hours ago
- Business
- CBS News
Jewelry company that started as side hustle now has pop-up shop in Boston
A woman who got her start selling charm necklaces out of her apartment is now running a full-blown jewelry brand with a pop-up shop in one of Boston's hottest summer spots. At the Caviar Bar in Boston's Seaport, there isn't drinks. Instead, customers leave with a custom charm necklace or other piece of jewelry. Turned side hustle into career WBZ-TV first met Kelly Bozigian back in 2024, when she was working full-time while shipping out thousands of orders from her living room for her jewelry brand, Coastal Caviar. She's since left the corporate world behind to chase her passion full-time. "I made the leap and I'm so glad we did because now we're at the Current in Seaport and we have our first storefront!" said Bozigian. Her new coastal-themed pop-up shop is already making waves and is full of the shiny charms and beachy vibes her clients have come to love. And it's not just necklaces - customers can make custom bag charms too. Massive reach on social media Bozigian bases her success on the massive reach she's had on social media, with many of her customers finding her through TikTok. "TikTok has been massive for us," said Bozigian. "That's how we got our start. Week two, our business took off overnight and we had close to 500 orders to fulfill." Bozigian is already dreaming up new ideas too. "We're thinking about accessories and how we can tie in that thread of personalization to stay true to the brand but also expand into other areas," said Bozigian. Caviar Bar is open through the end of the summer at the Current in the Seaport. Bozigian said she's potentially looking into permanent locations and plans to keep expanding her brand.
CBS News
5 days ago
- Entertainment
- CBS News
Boston theaters experience boom from record breaking box office on Memorial Day weekend
Movie theatres across the country were packed over the holiday weekend as major summer blockbusters drew crowds back to the big screen, and Boston's Alamo Drafthouse in Seaport was no exception. "This weekend has been absolutely insane for cinema," said Alamo Drafthouse spokesperson Jordan Fussell. "We have done incredible numbers." Among the biggest draws were Disney's live-action remake of "Lilo & Stitch" and "Mission: Impossible – The Final Reckoning" from Paramount. Fussell said these kinds of high-profile releases are reigniting public interest in the moviegoing experience. "Across the nation, we've seen a definite increase in attendance at theatres," he said. "The amount of movies that are coming out, with the big box office, the summer blockbusters, we're getting back to a point where people actually want to go to the cinema and actually see things." Audiences were excited for weekend of movies Audiences echoed that sentiment. "I don't think anything compares to seeing a movie on the big screen," movie-goer Pam Palmucci said. According to Deadline, the box office raked in a record-breaking $322 million over the long weekend. Analysts expect the trend to continue, with summer revenue projected to top $4 billion. Fussell added that studios are playing a key role in that resurgence. He said that some films are designed with the theatrical experience in mind. "There are films that need to be seen in cinemas. For example, I'll say 'Mission: Impossible,' it's the final one of an eight-part trilogy – that's been going on 30 years, it definitely is something that needs to be seen inside of theaters. Same thing with something like 'Sinners' that was shot on IMAX cameras, for IMAX format is something you need to be able to experience inside of a theater like that," Jordan said. For many viewers, returning to theaters feels like a refreshing change from at-home streaming. "I've been preferring [streaming movies] on the couch at home for a while, so this is actually a treat for me," said movie-goer Joy Adeyemi. With a full slate of blockbuster titles lined up, the summer movie season is off to a strong start, and the buzz at the box office suggests it is just getting started.
Globe and Mail
03-05-2025
- Business
- Globe and Mail
Does Seaport Research Know Something the Rest of Wall Street Doesn't? Analysts There Just Gave Nvidia a Sell Rating.
Nvidia (NASDAQ: NVDA) stock has slipped in recent times along with many other stocks -- especially technology players -- as investors worried about the impact of President Donald Trump's tariffs on imports. Though electronics products are exempt for the moment, the president has said he will soon announce a specific level of tariffs for the tech industry. So, tariffs do remain a risk for U.S. companies, though this doesn't change the long-term growth story for many well-established players -- such as Nvidia. The artificial intelligence (AI) boom continues, with companies continuing major investments to build out infrastructure, and as the chip leader, Nvidia stands to benefit. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » That's why analysts overwhelmingly rate Nvidia a buy and the average forecast calls for Nvidia stock to climb almost 50% over the coming 12 months. Yet, this week, Seaport Global Securities stepped away from the crowd by initiating coverage of Nvidia with a sell rating and predicting the stock will fall slightly from its current level. Does Seaport know something the rest of Wall Street doesn't? Let's find out. Nvidia's story so far First, a quick summary of the Nvidia story. This tech giant has built dominance in the area of AI chips, designing the world's most powerful graphics processing units (GPUs) to power crucial AI tasks. Such tasks include training and inferencing, the procedures that give large language models the capabilities to solve complex problems. Nvidia also has built a full portfolio of related products and services to accompany customers on their complete AI journey. So, Nvidia can help a customer build an AI platform and make use of it. All of this has helped the tech powerhouse to generate double- and triple-digit revenue growth in recent years, reaching a record level of annual revenue -- $130 billion -- last year. And this is at a high level of profitability on sales as Nvidia has maintained gross margin higher than 70%. Meanwhile, the current concerns about tariff impact across U.S. companies and industries has left Nvidia stock trading close to its lowest level in relation to forward earnings estimates in about a year. The stock today has a forward price-to-earnings ratio of 24. On top of this, forecasts for a $2 trillion AI market by the early 2030s along with companies such as Alphabet saying they plan on investing billions to support AI development suggest this growth story is set to continue. So, it's not surprising Wall Street is optimistic about Nvidia's future and encourages investors to get in on the shares. Seaport's view on Nvidia Now, let's consider Seaport's view. The firm set a $100 price target for the stock, implying a 7% decline from the April 30 closing price, and said Nvidia's AI prospects are priced in at the current level. The firm cited the complexity of deploying Nvidia's systems, customers' moves to develop their own chips, and the idea that customers may look closely at their AI spending in relation to potential use cases for the technology. Seaport doesn't see a bubble scenario here but does predict a slowdown in customers' AI budget growth. So now let's get back to our question: Does Seaport know something the rest of Wall Street doesn't, and if so, could Nvidia be heading for declines? Seaport makes valid points, but Nvidia has indicated that it's in the AI business for the long haul. In fact, when speaking about the U.S. and China's work in AI at a tech conference this week, according to CNBC, Nvidia CEO Jensen Huang said, "Remember this is a long-term, infinite race." It's very difficult to predict short-term trends during this long race. Nvidia could face hurdles at certain moments as it rolls out complex products, though its recent Blackwell launch so far has been successful. And Nvidia customers are developing their own chips but have spoken of the importance of ongoing work with Nvidia products too. All of this means that, though it's possible Seaport is right about Nvidia's performance in the months to come, this doesn't necessarily change the long-term picture. And that's why, regardless of short-term movements, it's still a great idea to buy Nvidia now and hold on to this winning AI stock as the AI growth story enters its next chapters. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $289,433!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $40,444!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $611,271!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. See the 3 stocks » *Stock Advisor returns as of April 28, 2025
Yahoo
03-05-2025
- Business
- Yahoo
Does Seaport Research Know Something the Rest of Wall Street Doesn't? Analysts There Just Gave Nvidia a Sell Rating.
Most Wall Street analysts favor buying Nvidia stock today. Nvidia has delivered double- and triple-digit revenue growth as artificial intelligence customers flocked to its chips and other products. Nvidia (NASDAQ: NVDA) stock has slipped in recent times along with many other stocks -- especially technology players -- as investors worried about the impact of President Donald Trump's tariffs on imports. Though electronics products are exempt for the moment, the president has said he will soon announce a specific level of tariffs for the tech industry. So, tariffs do remain a risk for U.S. companies, though this doesn't change the long-term growth story for many well-established players -- such as Nvidia. The artificial intelligence (AI) boom continues, with companies continuing major investments to build out infrastructure, and as the chip leader, Nvidia stands to benefit. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » That's why analysts overwhelmingly rate Nvidia a buy and the average forecast calls for Nvidia stock to climb almost 50% over the coming 12 months. Yet, this week, Seaport Global Securities stepped away from the crowd by initiating coverage of Nvidia with a sell rating and predicting the stock will fall slightly from its current level. Does Seaport know something the rest of Wall Street doesn't? Let's find out. First, a quick summary of the Nvidia story. This tech giant has built dominance in the area of AI chips, designing the world's most powerful graphics processing units (GPUs) to power crucial AI tasks. Such tasks include training and inferencing, the procedures that give large language models the capabilities to solve complex problems. Nvidia also has built a full portfolio of related products and services to accompany customers on their complete AI journey. So, Nvidia can help a customer build an AI platform and make use of it. All of this has helped the tech powerhouse to generate double- and triple-digit revenue growth in recent years, reaching a record level of annual revenue -- $130 billion -- last year. And this is at a high level of profitability on sales as Nvidia has maintained gross margin higher than 70%. Meanwhile, the current concerns about tariff impact across U.S. companies and industries has left Nvidia stock trading close to its lowest level in relation to forward earnings estimates in about a year. The stock today has a forward price-to-earnings ratio of 24. On top of this, forecasts for a $2 trillion AI market by the early 2030s along with companies such as Alphabet saying they plan on investing billions to support AI development suggest this growth story is set to continue. So, it's not surprising Wall Street is optimistic about Nvidia's future and encourages investors to get in on the shares. Now, let's consider Seaport's view. The firm set a $100 price target for the stock, implying a 7% decline from the April 30 closing price, and said Nvidia's AI prospects are priced in at the current level. The firm cited the complexity of deploying Nvidia's systems, customers' moves to develop their own chips, and the idea that customers may look closely at their AI spending in relation to potential use cases for the technology. Seaport doesn't see a bubble scenario here but does predict a slowdown in customers' AI budget growth. So now let's get back to our question: Does Seaport know something the rest of Wall Street doesn't, and if so, could Nvidia be heading for declines? Seaport makes valid points, but Nvidia has indicated that it's in the AI business for the long haul. In fact, when speaking about the U.S. and China's work in AI at a tech conference this week, according to CNBC, Nvidia CEO Jensen Huang said, "Remember this is a long-term, infinite race." It's very difficult to predict short-term trends during this long race. Nvidia could face hurdles at certain moments as it rolls out complex products, though its recent Blackwell launch so far has been successful. And Nvidia customers are developing their own chips but have spoken of the importance of ongoing work with Nvidia products too. All of this means that, though it's possible Seaport is right about Nvidia's performance in the months to come, this doesn't necessarily change the long-term picture. And that's why, regardless of short-term movements, it's still a great idea to buy Nvidia now and hold on to this winning AI stock as the AI growth story enters its next chapters. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $289,433!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $40,444!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $611,271!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of April 28, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Adria Cimino has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet and Nvidia. The Motley Fool has a disclosure policy. Does Seaport Research Know Something the Rest of Wall Street Doesn't? Analysts There Just Gave Nvidia a Sell Rating. was originally published by The Motley Fool Sign in to access your portfolio
Business Mayor
02-05-2025
- Business
- Business Mayor
Block plunges 20% as Cash App miss triggers downgrades
Block shares were on track for their second-worst day Friday, plunging more than 20% as investors digested a brutal quarterly report and a wave of analyst downgrades centered on one issue: Cash App. The first-quarter earnings miss rattled Wall Street, prompting multiple firms — including Wells Fargo, Seaport, BMO, and Benchmark — to downgrade the stock overnight. Many flagged fresh concerns around stagnant Cash App user growth, muted consumer demand, and a soft macro environment that may weigh on monetization. 'Stagnation in the number of active users of the app is even more concerning than users' reduced spending,' Benchmark wrote in its note, downgrading Block to Hold. The financial services company missed across the board — on revenue, gross profit, and payment volume — and slashed its full-year guidance, citing macro uncertainty, weaker consumer spending, and lower-than-expected inflows during what's typically a strong tax refund season. 'I just don't think we were focused enough and had enough attention on the network and the network density, and that is our foundation,' CEO Jack Dorsey said on the earnings call. 'We of course want to deepen engagement with our customers through banking services and Borrow, and I have no doubt we will … but at the same time, we need to make sure that we continuously grow our network, and that starts with peer to peer.' Cash App generated $1.38 billion in gross profit in the first quarter, up 10% from a year earlier, but shy of the $1.42 billion StreetAccount consensus. Monthly actives remained flat at 57 million — and inflows rose just 8%, despite new features like Afterpay on the Cash Card and broader efforts to position Cash App as a full-fledged banking alternative. Read More Adobe launches AI assistant that can search and summarize PDFs Stock chart icon Block 5 day stock chart Wells Fargo called out 'numerous Cash App monetization red flags,' while Seaport pointed to several consecutive quarters of negative GPV growth. Even Morgan Stanley, which reiterated its Overweight rating, called the Cash App miss 'surprising' — though it highlighted better-than-expected momentum in the Square seller business, particularly in international markets. BMO downgraded the stock to Market Perform. Wells Fargo said it's unwilling to 'lay out for the second half Hail Mary,' moving to Equal Weight. Seaport downgraded to Neutral, writing: 'Will the real Jack Dorsey please stand up?' Still, some maintained optimism, with Bank of America reiterating its Buy rating, calling the stock undervalued, and Morgan Stanley saying it was an attractive near-term entry point. Block's turnaround plan hinges on lending. The company says Cash App Borrow — now approved by the FDIC to originate loans through its bank subsidiary — will double the number of eligible users and improve margins by bringing servicing in-house. Marketing spend is also expected to jump 50% in Q2 as Block looks to reaccelerate growth in the back half of the year. 'We are not sufficiently confident in the likelihood of such a rebound to recommend buying the stock on weakness,' Benchmark wrote. Meanwhile, rival Venmo is showing signs of momentum. Parent company PayPal reported a 20% revenue jump for the app in Q1, driven by increased adoption of Venmo's debit card, instant transfers, and growing volume at checkout. While PayPal didn't disclose an exact revenue figure for Venmo, it said monetization per user is improving — the result of a clear push to embed Venmo deeper into e-commerce flows. Two very different strategies are now unfolding: Cash App is leaning deeper into lending and banking, while Venmo is chasing spend at checkout. But the goal, however, is the same: Owning the consumer's wallet. Right now, Venmo appears to be gaining ground, while Cash App is regrouping. READ SOURCE
