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It's always interesting to see how patterns in consumer spending can mirror stock market performance. Elsewhere, we're still seeing weakness in Procter & Gamble (PG) after it announced a restructuring in certain markets, including Argentina and Nigeria. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, billings, we're, Jim Cramer's, Jim Organizations: CNBC, Big Tech, Treasury, American Express, Procter & Gamble, Morgan, Care, Jim Cramer's Charitable Locations: Argentina, Nigeria, China
AdvertisementAdvertisementTaco Bell has the fastest drive-thru, and it's testing technology that could get customers their orders even faster. This marked the third straight year that Taco Bell had the fastest drive-thru. Mystery shoppers reported they received their orders in under three minutes at the Taco Bell Defy location. McDonald's ranked eighth with a four minute and 51 second average service time, and Chick-fil-A ranked last with a five minute and 12 second average service time. In the test of the new pilot programs, Taco Bell was also the fastest.
Persons: , Bell, Taco Bell, McDonald's, Taco, Chris Turner Organizations: Taco, QSR, Customers, Service, KFC, Intouch, Taco Bell, Cowen, Consumer Conference, Yum, Brands Locations: Brooklyn Park , Minnesota, Alpharetta , Georgia, Fort Worth , Texas
Kenvue reported second-quarter revenue and adjusted earnings that topped expectations Thursday in the consumer health company's first quarterly report since it spun out from Johnson & Johnson two months ago. But J&J still owns a 90% stake in Kenvue, meaning it can generally control the direction of the spinoff's business for now. Excluding certain items, the company's adjusted earnings were 32 cents a share. The company's full-year adjusted earnings outlook is $1.26 to $1.31 per share. The company reported sales growth across its three business divisions in the second quarter.
Persons: Kenvue, Johnson, Kenvue's, Thibaut Mongon, headwinds, Mongon Organizations: Johnson, Refinitiv, Deutsche Bank Global Consumer Conference Locations: Kenvue, Canada
Here's an update on our consumer discretionary and consumer staples stocks in Jim Cramer's Charitable Trust, the 35 holdings that make up the CNBC Investing Club's portfolio. TJX Companies (TJX): TJX is a winner in a slower economy as shoppers love the treasure-hunting experience for cost-saving deals. If their stores have excess inventory, that could serve as a catalyst for TJX stock to go higher. Constellation Brands (STZ): Consumer demand for Constellation's premium alcoholic beverages is strong even as inflation weighs on consumers since people continue to drink beer in an economic slowdown. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
What Citi thinks Analysts at Citi chose our three Club holdings among their top-rated picks — initiating coverage in U.S. beverages, household and personal care products. STZ YTD mountain Constellation Brands (STZ) YTD performance Citi also said it's time to buy Constellation Brands, the company behind Mexican beers Corona, Modelo and Pacifico. Analysts at Citi have a $265 price target on the stock, which fell slightly lower Friday to just under $227. EL YTD mountain Estee Lauder (EL) YTD performance Citi also estimates "strong topline/margin recovery" from Estee Lauder as China's economy continues to reopen. Buy Estee Lauder."
This year brought a flurry of automation announcements in the restaurant industry as operators scrambled to find solutions to a shrinking workforce and climbing wages. Three-quarters of restaurant operators are facing staffing shortages that keep them from operating at full capacity, according to the National Restaurant Association. Many restaurant operators hiked wages to attract workers, but that pressured profits at a time when food costs were also climbing. "Automation is one word, and a lot of people go right to robotics and a robot flipping burgers or making fries. The labor questionAutomation often faces pushback from workers and labor advocates, who see it as a way for employers to eliminate jobs.
NEW YORK, NY, Oct 19 (Reuters) - The Ghost of Christmas Past haunts U.S. store shelves, sales floors and stockrooms this year. Retailers were sitting on $548.8 billion of inventory in July, a 21.6% increase from last year, according to U.S. Census data. Even with retailers slashing prices by up to 40%, shoppers so far this year are hesitant to make major holiday purchases. Increased markdowns and slowed consumer demand may hurt companies' gross margins, said Cowen retail analyst John Kernan in an October note. Analysts are expecting gross margins to shrink for each of the companies next quarter, according to data from Refinitiv.
Sept 29 (Reuters) - QatarEnergy CEO and state minister for energy Saad al-Kaabi said on Thursday that skyrocketing energy prices are "weighing painfully" on the global economy, dampening support for the transition to green energy. "Sadly, the growing economic burden has fizzled the euphoria over the series of energy transition plans, causing severe erosion in public support for reducing carbon emissions," Kaabi told a liquefied natural gas (LNG) conference in Japan. "Many countries particularly in Europe which had been strong advocates of green energy and carbon-free future have made a sudden and sharp U-turn. Analysts estimate Europe will need to import around 200 million tonnes of LNG over the next decade to phase out Russian gas. Kaabi stressed the need to invest in cleaner and renewable energies, including natural gas, to drive capacity and baseload capabilities.
Japan to offer low-interest loans for LNG procurement -Nikkei
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +2 min
The state-owned Japan Bank for International Cooperation (JBIC) will provide low-interest loans to electric power utilities and city gas companies to buy the super-chilled fuel from the spot market, the paper said, without citing sources. Spot LNG prices remain at high levels amid a risk of supply disruption from Russia given its war with Ukraine. Japanese utilities buy the bulk of their LNG through long-term contracts, but about 20% comes from the spot market. Asian spot LNG prices have skyrocketed this year, hitting a record high in August, though they since have eased because of high inventory levels and governments' efforts to curb demand in Europe. It would cost Japan more than 1 trillion yen ($6.9 billion) to buy 6 million tonnes of LNG a year from the spot market if shipments from Russia were stopped completely, the Nikkei said.
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