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☆ Tuesday's rapid fire: Molson, Freeport-McMoRan, Nike, Cisco, American Eagle Outfitters
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTuesday's rapid fire: Molson, Freeport-McMoRan, Nike, Cisco, American Eagle OutfittersJim Cramer provides quick takes on five stocks outside the CNBC Investing Club portfolio.

Persons: American Eagle Outfitters Jim Cramer Organizations: McMoRan, Nike, Cisco, American Eagle Outfitters, CNBC, Club Locations: Molson, Freeport

☆ Jim Cramer shares his thoughts on 5 stocks: Molson Coors, Freeport-McMoRan, Nike, Cisco and American Eagle
▼ + stars: | 2024-04-09 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +1 min

Molson Coors : Goldman Sachs upgraded the beer maker to a buy rating and raised its price target to $75 per share from $66. Jim Cramer said Tuesday beer retailers shuffle their shelf space allocations "twice a year." Freeport-McMoRan : Bank of America started the international mining company with a buy rating due to high-quality copper leverage and exposure to gold, which has been making new highs. "But that does mean you don't expect a bounce back" in Nike shares. American Eagle Outfitters : JPMorgan upgrades the specialty retailer's shares to a buy-equivalent overweight rating.

Persons: Jim Cramer's, Goldman Sachs, Jim Cramer, Cramer, Gavin Hattersley, Goldman, Piper Sandler's Organizations: CNBC, Club, Molson Coors, TAP, Modelo, Constellation Brands, Bank of America, Nike, Cisco Systems, Deutsche Bank, Eagle Outfitters, JPMorgan Locations: Corona, Freeport, McMoRan

☆ Stocks making the biggest moves midday: Boeing, Norfolk Southern, Nvidia & more
▼ + stars: | 2024-04-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

BlackBerry — BlackBerry shares popped more than 9% after the company announced a partnership with Advanced Micro Devices on robotics systems. Neogen Corp — The food safety stock shed 9% after the company reported a surprise loss of 1 cent per share. The company also trimmed its previous guidance, saying it now expects revenue to range between $920 million and $910 million for the full year. Norfolk Southern announced that it reached a $600 million settlement related to its derailment in East Palestine. Nvidia — Shares fell more than 2%, putting the chipmaker on track for its fifth losing session in six.

Persons: Tilray, FactSet, Goldman Sachs, Molson Coors, Molson, — CNBC's Michelle Fox, Sarah Min, Pia Singh, Yun Li Organizations: Moderna, Reuters, Merck, Boeing, New York Times, Google, American Eagle Outfitters, JPMorgan, Eagle Outfitters, Bank of America, EV, Molson, Pfizer, Neogen Corp, Norfolk Southern, Nvidia —, Netflix Locations: East Palestine

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Netflix, Cisco, Alphabet, American Eagle & more
▼ + stars: | 2024-04-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Barclays downgrades American Express to equal weight from overweight Barclays sees "limited upside" on valuation for the stock. Compass Point downgrades Wells Fargo to neutral from buy Compass sees a more balanced risk/reward for shares of Wells Fargo. Bank of America reiterates Apple as buy Bank of America says its survey checks show App Store growth increasing. Bank of America upgrades Ally Financial to buy from neutral Bank of America said the bank holding company has "credit leverage." Bank of America initiates Frontier a buy Bank of America said the wirelines and cable telecom company has "meaningful potential to outperform."

Persons: Morgan Stanley, Raymond James, Goldman Sachs, Tesla, Goldman, Wells, Wells Fargo, Jefferies, MNDY, Rosenblatt, TeraWulf, TD Cowen, William Blair, Cowen, it's, Wolfe, KBW, DA Davidson, Davidson Organizations: Cisco, Colgate Energy, Resource, Bank of America, Infosys, of America, Barclays downgrades, Express, Barclays, BMO, Realty Trust, Compass, LPL, Nasdaq, Jefferies, RBC, Molson Coors, TAP, Distributors, Google, GE Aerospace, GE, General Electric Company, Apple, Netflix, Frontier Communications, JPMorgan, Eagle Outfitters, Technologies, Steel, Japan's Nippon Steel, Nippon Steel, GOP, Trump, Nvidia Locations: Midland , Texas, Wells Fargo, Freeport, Pittsburgh

☆ Stocks making the biggest moves premarket: American Eagle Outfitters, Ally Financial, Molson Coors Beverage and more
▼ + stars: | 2024-04-09 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines before the bell: American Eagle Outfitters — Shares popped 4% following an upgrade by JPMorgan to overweight from neutral. Freeport-McMoRan — Shares jumped 1.9% after Bank of America upgraded the American mining company to buy from neutral, saying it has "blue chip copper exposure." Molson Coors — Shares gained 1.9% after Goldman Sachs upgraded the brewing company to buy, saying the company can benefit as it expands its shelf space in retailers. Ally Financial — The financial services company added nearly 2% after being upgraded to buy from neutral at Bank of America. The bank's analysts believe Ally Financial may see higher earnings than anticipated, less earnings volatility and that its potential credit leverage may be underestimated.

Persons: Molson, Goldman Sachs, Ally, — CNBC's Michelle Fox Organizations: Eagle Outfitters, JPMorgan, Bank of America, Molson Coors —, Ally, Google, Pfizer Locations: Freeport

A major U.S. bank and a legacy tech name were the focus of some of Tuesday's biggest analyst calls. The firm upgraded the apparel stock to overweight from neutral, and raised its price target to $31 per share from $26. The firm resumed coverage of the legacy tech company with an overweight rating and a $58 per share price target. He reiterated his $64 price target on the stock, implying upside of 10.7%. Additionally, he sees "greater risk to the achievement of our price target as the Fed rate cutting cycle begin."

Persons: Morgan Stanley, Matthew Boss, — Brian Evans, Goldman Sachs, Molson Coors Goldman Sachs, Molson, Molson Coors, Bonnie Herzog, Bud Light, Brian Evans, Goldman, Mark Delaney, Cisco, Morgan Stanley's, David Rochester, Fred Imbert Organizations: CNBC, Cisco Systems, JPMorgan, Eagle Outfitters JPMorgan, American Eagle Outfitters, Eagle Outfitters, Molson Coors, Molson, TAP, Tesla, Cisco, Wells Locations: U.S, Wells, Americas, EVs, Wells Fargo, 2H24, Rochester

☆ Lofty Valuation Carries Trump’s Social Media Company Into First Trading Day
▼ + stars: | 2024-03-26 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

His social media company, Trump Media & Technology Group, will start trading on the Nasdaq on Tuesday, under the ticker DJT. Trump Media — the parent of Truth Social, the online platform that is Mr. Trump’s main megaphone for reaching supporters and going after critics — closed its merger with a cash-rich public shell company on Monday. The shell company’s stock surged ahead of the deal, in a frenzied trade that has fueled the company since it proposed the merger with Mr. Trump’s firm in 2021. The biggest beneficiary of the market action is Mr. Trump, who owns about 60 percent of Trump Media’s shares. At the close of trading on Monday, his stake was worth nearly $4 billion.

Persons: Donald J, Trump, —, Trump’s Organizations: Trump Media & Technology Group, Nasdaq, Trump Media, Truth, Mr, Alaska Airlines, Western Union, American Eagle Outfitters, Trump Media’s

☆ Trump’s Media Company Gets Lofty Valuation on First Trading Day
▼ + stars: | 2024-03-26 | by ( Matthew Goldstein | Joe Rennison | ) www.nytimes.com time to read: 1 min

There’s a new high-flying stock on Wall Street that some investors are eagerly piling into. His social media company, Trump Media & Technology Group, began trading on the Nasdaq on Tuesday, under the ticker DJT, and immediately surged in value, gaining 40 percent in early trading. Trump Media — the parent of Truth Social, the online platform that is Mr. Trump’s main megaphone for reaching supporters and going after critics — closed its merger with a cash-rich public shell company on Monday. The shell company’s stock had jumped higher ahead of the deal, in a frenzied trade that has fueled the company since it proposed the merger with Mr. Trump’s firm in 2021. Trump Media has an estimated market value well over $6 billion, more than established corporations like Alaska Airlines, Western Union and American Eagle Outfitters.

Persons: Donald J, Trump, —, Trump’s Organizations: Trump Media & Technology Group, Nasdaq, Trump Media, Truth, Mr, Alaska Airlines, Western Union, American Eagle Outfitters

☆ Stocks making the biggest moves premarket: Novo Nordisk, New York Community Bancorp, Victoria's Secret, Nvidia and more
▼ + stars: | 2024-03-07 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Nvidia — Semiconductor companies rose broadly as a group, with the VanEck Semiconductor ETF gaining 1.5% in the premarket. Intel shares rose 1.7%. Kroger — Shares rose 6% after the supermarket chain reported fourth-quarter better-than-expected earnings. Analysts expected a profit of 50 cents per share on revenue of $1.67 billion, according to LSEG. Victoria's Secret expects $6 billion full-year revenue, less than the $6.2 billion expected from analysts polled by FactSet.

Persons: Eli Lilly, Mizuho, LSEG, Tesla, NYCB, — CNBC's Michelle Fox, Hakyung Kim, Jesse Pound, Pia Singh Organizations: Nordisk —, Nvidia — Semiconductor, VanEck Semiconductor, Nvidia, Micron Technology, Stifel, Broadcom, Intel, Kroger, Eagle Outfitters, Citi, York Community Bancorp, FactSet, York Community Locations: Danish, American

☆ Stocks making the biggest moves midday: Victoria's Secret, Novo Nordisk, Intel, Shake Shack and more
▼ + stars: | 2024-03-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Victoria's Secret said it anticipates a larger-than-expected decline in revenues for the first quarter and full year. Novo Nordisk — Shares rallied nearly 8.9% to record high level after the company reported positive Phase I trial results for its new experimental weight loss drug amycretin. The company reported adjusted earnings of 61 cents per share on $1.68 billion in revenue for its fiscal fourth quarter. Analysts had estimated earnings of 50 cents per share on $1.67 billion in revenue, according to LSEG. Burlington Stores — The stock rose 7.5% after Burlington posted a fourth-quarter beat on adjusted earnings per share and revenue.

Persons: Victoria's, amycretin, TD Cowen, Shake Shack's, Kroger, LSEG, Iberdrola, Avangrid's, Mizuho, —, Samantha Subin Organizations: Novo Nordisk —, American Eagle Outfitters, Burlington Stores, Burlington, New York Community Bancorp, Liberty Strategic, VanEck Semiconductor, Nvidia, Micron Technology, Stifel, Intel, Bloomberg Locations: Spanish

☆ More problems at New York Community Bancorp have yet to derail the big bank trade
▼ + stars: | 2024-03-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Unlike last March, the problems of another regional bank have yet to derail the big bank trade. Broadcom and Costco earnings report Thursday after the bell, while the big non-farm payroll report for February is out Friday before the bell. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . A New York Community Bank stands in Brooklyn on February 08, 2024 in New York City.

Persons: Jim Cramer, Morgan Stanley, Jerome Powell, Wednesday's, Nikesh Arora, Jim Cramer's, Jim, Spencer Platt Organizations: CNBC, New York Community Bancorp, Capitol, DuPont, Fermium, Palo Alto Networks, Palo Alto, Burlington Stores, Eagle Outfitters, BJ's Wholesale, Broadcom, Costco, Jim Cramer's Charitable, York Community Bank, Getty Locations: Wells Fargo, Palo, Kroger, Brooklyn, New York City

☆ A bigger pool of American workers could continue to slow inflation even further
▼ + stars: | 2024-03-03 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Now, as the Federal Reserve faces the final stretch of its historic inflation battle, a bigger pool of workers could slow inflation even further. That then begs the question: How much more can better labor supply slow inflation? The US Labor Department releases January figures on job openings, quits, hires and layoffs. The US Labor Department reports the number of new applications for jobless benefits in the week ended March 2. China’s National Bureau of Statistics releases February inflation data.

Persons: Mary Daly, “, ” Sarah House, Michael Gapen, That’s, Jack Bantock, ’, ”, Richard Felton, Thomas, ’ ”, Patrick Harker, Ross, Nordstrom, Michael Barr, Campbell Soup, Foot, Jerome Powell, Loretta Mester Organizations: DC CNN, Federal Reserve, San Francisco Fed, National Association for Business Economics, Labor, CNN, Bank of America, White House’s Council, Economic Advisers, English Premier League, Chelsea, Burnley, Philadelphia Fed, Target, P Global, Institute for Supply Management, US Commerce Department, Abercrombie, Fitch, Financial Services, The Bank of Canada, US Labor Department, Broadcom, Costco, Eagle Outfitters, Potbelly, Banking, Housing, Urban Affairs, European Central Bank, Cleveland Fed, National Bureau of Statistics Locations: Washington, San, Wells, United States, London, JD.com, Kroger, Burlington, DocuSign

☆ Holiday sales climb, boosting retailer hopes that shoppers will spend during uncertain 2024
▼ + stars: | 2024-01-17 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Holiday sales rose 3.8% year over year to $964.4 billion, according to the National Retail Federation, as consumers spent on gifts and celebrations even after enduring a prolonged period of higher prices. The holiday sales total was not adjusted for inflation and included both in-store and online purchases. "Consumer spending was remarkably resilient throughout 2023 and finished the year with a solid pace for the holiday season," he said in a news release. Online sales and other nonstore sales rose 8.2% year over year. Average sales growth during the holiday season was 3.6% from 2010 to 2019, according to NRF data.

Persons: NRF, Jack Kleinhenz Organizations: Woodbury, National Retail Federation, Commerce Department, CNBC, NRF, Retail, Electronics, Federal, Abercrombie, Fitch, Eagle Outfitters, CNBC PRO Locations: Lacoste, Central Valley , New York, Lululemon

☆ Abercrombie, American Eagle and Lululemon raise holiday sales outlooks
▼ + stars: | 2024-01-08 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Abercrombie & Fitch , Lululemon and American Eagle Outfitters all raised their fiscal fourth-quarter outlooks Monday, saying they drew customers looking for holiday gifts and items for themselves in November and December. Shares of Abercrombie and American Eagle rose about 6% on Monday. Urban Outfitters shares also popped in extended trading after the retailer announced strong holiday-quarter sales weeks before its earnings report. In a news release, Abercrombie CEO Fran Horowitz said the women's business for Abercrombie & Fitch is expected to hit highest-ever fourth-quarter sales. Abercrombie, American Eagle and Lululemon are expected to report full holiday results in March.

Persons: Lululemon, it's, Jay Schottenstein, Abercrombie, Fran Horowitz, Fitch Organizations: Abercrombie, Fitch, Lululemon, American Eagle Outfitters, Street, Urban Outfitters, Adobe Analytics, Mastercard SpendingPulse, American Eagle, Walmart, Target, CNBC PRO Locations: Orlando, U.S, Abercrombie

☆ I visited American Eagle's NYC concept store, which showcases lesser-known brands like Aerie, Offline, and AE77 jeans. Now I get why the company is drawing in teens and moms alike.
▼ + stars: | 2024-01-06 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +1 min

I visited The Gateway, AEO's concept store that houses six of its brands. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIf there's one major clothing store that successfully caters to both daughters and their mothers, it's American Eagle. This story is available exclusively to Business Insider subscribers.

Persons: AEO, — Organizations: Eagle Outfitters, Service, Business

REUTERS/Mike Segar/File Photo Acquire Licensing RightsDec 1 (Reuters) - Retailers like Amazon.com and Foot Locker are signaling optimism for holiday season sales after stronger-than-expected figures during Black Friday and Cyber Monday, as heavy discounts lured budget-strained customers on the peak U.S. shopping days. Early estimates on holiday shopping have been encouraging to some investors after retailers sounded cautious notes in the lead-up to the season. "We know we're buying for wallet share with a value-conscious consumer this holiday season. Deep discounts have been a key feature heading into this year's holiday shopping season and holiday discounts could get even bigger in December, according to some retail executives. Kohl's (KSS.N) CEO Tom Kingsbury said last week the company was "coming out on holiday very aggressively in terms of promotions."

Persons: Mike Segar, Jimmy Lee, we've, Mary Dillon, Tom Kingsbury, Cos, Jason Benowitz, Deborah Sophia, Juby Babu, Pooja Desai Organizations: REUTERS, Adobe Analytics, National Retail Federation, Wealth Consulting, Amazon, Black, BofA, Walmart, Abercrombie, Fitch, American Eagle Outfitters, Roosevelt, Thomson Locations: Robbinsville , New Jersey, U.S, Bengaluru

☆ Here were the biggest winners and losers from Black Friday
▼ + stars: | 2023-11-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Despite the seeming rush to shop, this Black Friday ushered in moderately higher promotions over last year and mixed in-store traffic, according to some Wall Street analysts. Black Friday winners Value-focused shopping destinations seemed to win big Friday, based on annual store checks from a slew of Wall Street shops. The Black Friday shopping extravaganza also ushered in some bullish sentiment toward Shopify . Black Friday losers Not every popular retailer seemed to kick off the holiday shopping period on a strong note. While Lululemon drove strong in-store traffic, helped in part by advertising use in Black Friday markdowns, Nike and Under Armour both showed higher promotions, said Piper Sandler's Abbie Zvejnieks.

Persons: Michael Lasser, Bradley Thomas, Thomas, Kohl's, Morgan Stanley, Alex Straton, Goldman Sachs, Kate McShane, JPMorgan's Matthew Boss, Piper Sandler's Korinne Wolfmeyer, Morgan Stanley's Keith Weiss, Bhavin Shah, shouldn't, Nordstrom, Straton, Lululemon, Armour, Piper Sandler's Abbie Zvejnieks, lululemon Organizations: Adobe Analytics, UBS, Walmart, KeyBanc Capital, Dick's Sporting Goods, Body, Deutsche, Eagle Outfitters, Nike Locations: U.S

"In the more recent macro environment, consumer demand has been even more uneven and difficult to predict," Best Buy CEO Corie Barry said. U.S. holiday sales are expected to rise at its slowest pace in five years, according to data from the National Retail Federation, as Americans are likely to pull back on holiday shopping. REUTERS/Bing Guan/File Photo Acquire Licensing RightsLast week, industry bellwether Walmart (WMT.N) warned of cautious consumer spending as the holiday shopping season gets underway. Retail executives said higher interest rates, inflation and a resumption in student loan repayments will keep consumer wallets under pressure. Still, some investors expect holiday sales starting Black Friday to hold "some positive surprises."

Persons: Corie Barry, Bing Guan, Fitch, David Silverman, Marvin Ellison, Thomas Hayes, Rachel Wolff, Ananya Mariam Rajesh, Savyata Mishra, Granth Vanaik, Juby Babu, Shounak Dasgupta Organizations: National Retail Federation, REUTERS, Walmart, Retail, Apparel, Abercrombie, Fitch, American Eagle Outfitters, Insider Intelligence, Thomson Locations: United States, SoHo, New York City, U.S, Bengaluru

☆ Stocks making the biggest moves before the bell: Lowe's, Dick's, Best Buy, Kohl's and more
▼ + stars: | 2023-11-21 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Lowe's — The home-improvement retailer dropped 3.9% after cutting its sales outlook for the full year. Lowe's also missed analyst expectations for revenue in the third quarter, as sales slid 13% year over year. Best Buy — Shares of the consumer electronics retailer fell 5.9% after the company cut its full year sales outlook in an effort to prepare for price-conscious holiday shoppers. Best Buy beat Wall Street's quarterly earnings expectations, but fell short on revenue. Kohl's lowered the low end of its full year same-store sales outlook.

Persons: Lowe's, Kohl's, Medtronic, LSEG, Oppenheimer, Goldman Sachs, Goldman, Morgan Stanley, Cloudflare, Macheel, Sarah Min, Michelle Fox, Yun Li, Jesse Pound Organizations: Dick's, Goods, American Eagle Outfitters, Burlington Stores, Baidu, Wall, LSEG, Gen, — Locations: Burlington

☆ Stocks making the biggest moves midday: Amazon, Medtronic, American Eagle, Lowe's, C3.ai and more
▼ + stars: | 2023-11-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Kohl's — Shares dropped more than 9% after the retailer reported weaker-than-expected revenues for the third quarter. American Eagle Outfitters — The apparel retailer sank 16% after its operating income guidance for the full year came in weaker than expected. C3.ai — Shares of the artificial intelligence software company added 3.4% in midday trading following an upgrade to outperform from Oppenheimer. Baidu reported 34.45 billion yuan for the quarter, surpassing the consensus estimate of 34.33 billion yuan from analysts polled by LSEG. Lowe's — Shares of the home improvement retailer dipped 2.7% after Lowe's reported softer-than-expected revenue for the third quarter .

Persons: CNBC's David Faber, Jeff Bezos, Faber, Medtronic, Kohl's, Timothy Horan, Fitch, — CNBC's Brian Evans, Alex Harring, Jesse Pound, Tanaya Macheel, Sarah Min Organizations: Amazon, Burlington, LSEG, Eagle Outfitters, Oppenheimer, Baidu, VMWare, Broadcom, Dick's, Goods, Abercrombie, Technologies, Agilent Technologies Locations: Burlington

☆ The shortened trading week features earnings from our best stock of the year
▼ + stars: | 2023-11-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

After making three trades this week, we're heading into a shortened trading week. NVDA YTD mountain Nvidia YTD Shares of Nvidia closed Nov. 14 at a record high of $496.56 each. Here's the full rundown of all the important domestic data in the week ahead, which also features a slew of earnings from brand-name retailers. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: FactSet, It's, Jim Cramer, NIU, Jack, JACK, Jim Cramer's, Jim, New York Stock Exchange Michael Nagle Organizations: Fed, TJX, Palo Alto Networks, PMI, ISM, Institute for Supply Management, Nvidia, Apple, Technologies, Video Communications, Agilent Technologies, Baidu, Abercrombie, Fitch, Burlington Stores, Eagle Outfitters, Dick's Sporting, Autodesk, HP, Nordstrom, Urban Outfitters, Deere & Company, CNBC, New York Stock Exchange, Bloomberg, Getty Locations: U.S, China

☆ Stocks making the biggest moves midday: Target, Expedia, Generac, Catalent and more
▼ + stars: | 2023-11-15 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Target — Shares of the retailer surged 17% after Target's fiscal third-quarter earnings came in much stronger than expected. Generac — The power generator company jumped almost 4% after Bank of America upgraded shares to neutral from underperform by Bank of America. The firm cut its price target on the stock, however, and lowered its 2024 earnings estimates on the company. Catalent — The pharmaceuticals company jumped 12% Wednesday after posting a narrower-than-expected loss per share and a revenue beat in the fiscal first quarter. American Eagle Outfitters — Shares of the retailer rose 5% after Bank of America upgraded the company to neutral from underperform.

Persons: Holley —, Michael Lasser, Generac, Berkshire Hathaway, Catalent, — CNBC's Michelle Fox, Jesse Pound, Sarah Min, Pia Singh, Alex Harring Organizations: Jefferies, —, Corp, JPMorgan, Reuters, ValueAct Capital Management, UBS, Bank of America, Disney —, Deutsche Bank, JD.com, Sirius XM —, Berkshire, American Eagle Outfitters Locations: underperform

☆ Consumers are still spending, but they're under pressure. These stocks still have room to run
▼ + stars: | 2023-11-06 | by ( Pia Singh | ) www.cnbc.com time to read: +12 min

Persistent inflationary pressures have led to depressed levels of consumer spending all year, according to Bank of America. Consumers are still spending — in fact, they're spending more than they are earning — as employment levels and hourly wage growth remain fairly strong . Some analysts see an opportunity to pick up shares of battered-down retail stocks. According to Barclay's Yih, spending levels "almost have to be worse" next year. LPL's Roach similarly expects consumers spending to hit a roadblock in the coming months.

Persons: bode, Neuberger Berman, Steve Eisman, Jeffrey Roach, Adrienne Yih, Yih, Randy Hare, Ross, Polly Wong, Belardi Wong, James Lewis, Huntington's Hare, Bartlett, Chris Kempczinski, Lewis, …, it's, Anthony Chukumba, Chukumba, Wells, Ike Boruchow, Kathleen Entwistle, Entwistle, LPL's Roach, Morgan Stanley's Entwistle, Barclay's Yih, Roach Organizations: Bank of America, CNBC, Consumers, Barclays, Ross, Huntington National Bank, Bartlett Wealth Management, Walmart, Retailers, Republic, Urban Outfitters, Eagle Outfitters, National, Capital, National Vision, Nike, Ross Stores, Morgan Stanley Private Wealth Management, Investments, Citizens JMP Securities, Delta Air Lines, Deutsche Bank Locations: U.S, Wells Fargo

☆ Small cap stocks are getting crushed, but this ETF is bucking the trend
▼ + stars: | 2023-11-02 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Small cap stocks have been left in the dust by this year's megacap tech rally, but at least one ETF of smaller companies is holding its own. Bank of America ETF strategist Jared Woodard said in a note to clients Tuesday that there is one small cap ETF in particular that "cuts out the junk" and is outperforming its benchmark. The Pacer US Small Cap Cash Cows 100 ETF (CALF) owns companies with high free cash flow, a key measure of quality," Woodard said. The CALF ETF works by identifying the 100 stocks in the S & P Small Cap 600 index with the highest free cash flow yield. CALF YTD mountain The CALF ETF has outperformed larger small cap funds this year.

Persons: Jared Woodard, Woodard, Russell, — CNBC's Michael Bloom Organizations: Bank of America, American Eagle Outfitters, Wire, Vanguard, Nvidia

☆ Retailers urge Congress to crack down on theft, as industry ramps up lobbying effort
▼ + stars: | 2023-10-26 | by ( Courtney Reagan | ) www.cnbc.com time to read: +5 min

"[Organized retail crime] has to be dealt with in a comprehensive way. The retail lobby group dubbed its event "Fight Retail Crime Day." Representatives from more than 30 retailers joined a major industry lobbying group on Capitol Hill on Thursday, as they ramped up pressure to pass a law that backers say will curb retail theft. Organized retail crime is different from shoplifting. The Combating Organized Retail Crime Act was reintroduced earlier this year.

Persons: Sen, Chuck Grassley, Matthew Shay, William Blair, Scott McBride, McBride, Dina Titus Organizations: Capitol, National Retail Federation, Retailers, Department of Homeland Security, American Eagle Outfitters, Walgreens Locations: Iowa, Washington

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