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☆ Off-price retail is poised to keep taking market share. Why is TJX's stock stuck?
▼ + stars: | 2024-04-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

The ongoing challenges for department stores, which extend back more than a decade, keep playing into the hands of off-price competitors, UBS said. Despite woes at other retailers, TJX stands out as a resilient company well-equipped to avoid many of the industry's challenges. TJX 1Y mountain TJX's stock performance over the past 12 months. One factor keeping a lid on TJX's stock recently may be that it is trading close to its historical valuation, noted Chuck Grom, a consumer and retail analyst at Gordon Haskett. On the other hand, spending at department stores fell 3.7% in March after a 5.2% decline in February, according to Bank of America.

Persons: Jeff Marks, TJX, — TJX, Ernie Herrman, Chuck Grom, Gordon Haskett, Grom, TJX's, Corey Tarlowe, Tarlowe, Jim Cramer's, Jim Cramer, Jim, Jeff Greenberg Organizations: Companies, TJX Companies, Ross Stores, UBS, Burlington Stores, Nordstrom, Marshalls, Home Goods, CNBC, Loop, Jefferies, Bank of America, Universal, Getty Locations: Maxx, Port St Lucie , Florida

☆ Dollar General's brand is showing some cracks and may be a warning sign ahead of earnings
▼ + stars: | 2024-03-12 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +7 min

In collecting this data, the firm saw a deterioration in the Dollar General brand last year. As of Monday's close, Dollar General's stock is up more than 57% from a 52-week low of $101.09 reached in mid-October. Their research found that consumers felt the cleanliness of Dollar General's stores, a top five driver of satisfaction, lagged key peers Dollar Tree and Family Dollar, and fell 2% further in February. Until November, shoppers rated Family Dollar and Dollar General's product offerings more or less on a par with each other. In addition to Dollar General's own challenges, all dollar stores are likely being hurt by weaker spending among low income consumers.

Persons: Vasos, what's, Todd Vasos, Jeff Owen, Gordon Haskett, Chuck Grom, Grom, bode, Piper Sandler, Peter Keith, Keith, Morgan Stanley, Simeon Gutman, Gutman, Michael Lasser, Lasser, Matthew Boss, — CNBC's Michael Bloom Organizations: Dollar, DG, Occupational Safety, Health Administration, SNAP, UBS, JPMorgan

☆ Walmart is in the early innings of a multi-year reacceleration, says Evercore ISI’s Greg Melich
▼ + stars: | 2024-02-20 | 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 EmailWalmart is in the early innings of a multi-year reacceleration, says Evercore ISI’s Greg MelichEvercore ISI’s Greg Melich and Gordon Haskett’s Chuck Grom, joins 'Power Lunch' to discuss the bull case for Walmart.

Persons: Evercore, Greg Melich Evercore, Greg Melich, Gordon Haskett’s Chuck Grom Organizations: Walmart

The chipmaker was initiated with an outperform rating by Loop Capital, which set a Wall Street-high price target that calls for 65% upside. He also raised his price target on U.S.-traded shares to $22.22 from $19.16, implying shares could rise 27% from Thursday's close. It also cut its price target by $1.50 to $8.50, suggesting just 6.2% upside potential from Thursday's closing price. — Hakyung Kim 5:41 a.m.: Oppenheimer downgrades Nike Don't expect much out of Nike shares in the near future, according to Oppenheimer. The firm downgraded the apparel giant to perform from outperform and slashed its price target to $110 per share from $150.

Persons: Oppenheimer, Carvana, Raymond James Carvana's, Raymond James, Mitch Ingles, Ingles, — Hakyung Kim, Jefferies, Alex Wright, Wright, Peter Grom, Chris Peterson's, Grom, Newell, Brian Nagel, Fred Imbert, Ananda Baruah, Hakyung Kim Organizations: CNBC, Nvidia, Nike, Loop, Jefferies, UBS, Newell Brands Consumer, Newell Brands, Nvidia Nvidia, CY2025 Locations: Thursday's, America, CY2024

☆ Stocks making the biggest moves midday: Microsoft, Chegg, Zoom Video, Paramount and more
▼ + stars: | 2023-11-20 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Zoom Video Communications — The software stock added nearly 2% ahead of its third-quarter earnings due after market close. The Professional Fighters League announced on Monday that it completed its acquisition of mixed martial arts brand Bellator from Paramount. Penn Entertainment — The gambling stock jumped 7% on the heels of a Bank of America upgrade to buy from neutral. Boeing — The aerospace stock jumped 4% after Deutsche Bank upgraded the shares to a buy rating from hold. Chegg — Shares of the education technology company dropped 5% following a downgrade to underweight from equal weight by Morgan Stanley.

Persons: Wells, Sam Altman, Greg Brockman, Raymond James, Morgan Stanley, Krispy Kreme, Iovance, Goldman Sachs, Terri Kelly, Kelly, Peter Grom, —, Alex Harring, Yun Li, Lisa Kailai Han, Sarah Min, Michelle Fox Organizations: Communications, FactSet, Paramount, Professional Fighters League, Bellator, Penn Entertainment, Bank of America, ESPN Bet, Spectrum Brands, Microsoft —, Microsoft, Nvidia, Boeing, Deutsche Bank, JPMorgan, Caterpillar —, HSBC, United Rentals — United Rentals, Bristol Myers, Energizer Holdings, UBS, RBC Capital Markets Locations: FactSet

☆ How Ukraine is beating the Russian airforce with US missiles
▼ + stars: | 2023-10-22 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

Ukraine has been bolstering its air defense capabilities in recent months, and it shot down five Russian Su-25 attack jets over a 10 day period, The Kyiv Post reported. Canada also announced it was donating 43 AIM-9 Sidewinder missiles to Ukraine in May. AdvertisementAdvertisementUkraine sought assistance from the US to replenish its air defense arsenal, and AIM-9s were on the list. Meanwhile, the UK has also supplied advanced AIM-132 ASRAAM air-to-air missiles, which Ukraine has fitted to trucks. —🇺🇦 Ukraine Weapons Tracker (@UAWeapons) August 4, 2023Adding to its mix-and-match armory, Ukraine's recently acquired ATACMS has boosted its capability to attack the Russian air force.

Persons: —, we've, Oleksandr Shtupun, Defense Lloyd Austin Organizations: Service, Kyiv Post, US AIM, AIM, US Air Force, Ukrainian, Stingers, Defense Locations: Ukrainian, Ukraine, Russian, Kyiv, Canada

☆ Buy this beaten-down discount retailer after a major leadership change, Gordon Haskett says
▼ + stars: | 2023-10-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Dollar General 's latest leadership change could help re-stabilize the company and put it on track toward growth again, according to research firm Gordon Haskett. Analyst Chuck Grom upgraded shares to buy from hold in a Friday note. He also established a price target to $140, which implies shares could rally 37% over the next 12 months. Following Thursday's close, Dollar General announced former CEO Todd Vasos would be returning and replacing Jeff Owen as chief executive, effective immediately. "Taking these factors into consideration, we think Dollar General should undertake a significant margin re-set in 2024 to pave the way for a return to both comp and EBIT dollar growth in FY25 (and beyond).

Persons: Gordon Haskett, Chuck Grom, Thursday's, Todd Vasos, Jeff Owen, Owen, Grom, Vasos, — CNBC's Michael Bloom Organizations: Dollar General, DG

☆ Dollar General: Here's why Gordon Haskett upgraded the stock to buy
▼ + stars: | 2023-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDollar General: Here's why Gordon Haskett upgraded the stock to buyChuck Grom, Gordon Haskett retail analyst, joins 'Squawk on the Street' to discuss Dollar General's new CEO, the performance of the dollar names with the degradation of the consumer, and more.

Persons: Here's, Gordon Haskett, Chuck Grom, Gordon

☆ UBS says Keurig Dr Pepper is undervalued and can jump more than 25%
▼ + stars: | 2023-08-16 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

UBS thinks investors should buy shares of Keurig Dr Pepper at these levels. Analyst Peter Grom said Keurig Dr Pepper is trading at a valuation below its historical averages and relative to peers, presenting a buying opportunity to investors. "At a time when earnings growth is set to decelerate across many Beverage peers, this shift in relative earnings momentum should narrow the valuation gap closer to historical averages," Grom said. The analyst added Keurig Dr Pepper's coffee segment could potentially underpin revenue expansion, while also benefiting from stronger brand partnerships overall. KDP YTD mountain Keurig Dr Pepper stock has dipped more than 6% from the start of 2023.

Persons: Dr Pepper, Peter Grom, FactSet, Grom, Pepper, — CNBC's Michael Bloom Organizations: UBS, Beverage, US

☆ Earnings playbook: Alphabet and General Motors lead off a busy week of reports
▼ + stars: | 2023-07-23 | by ( Fred Imbert | ) www.cnbc.com time to read: +12 min

Tuesday General Motors is set to report earnings before the bell, followed by a call at 8:30 a.m. What history shows: GM earnings beat earnings expectations 86% of the time, according to Bespoke. Alphabet is set to report earnings after the bell, with management slated to hold a call at 5 p.m. This quarter: Earnings for the tech giant are expected to have grown by 10% from the year-earlier period, per Refinitiv. What history shows: Bespoke data shows Alphabet earnings beat expectations 68% of the time, and the stock rises more than 1% on earnings day.

Persons: Michael Wayland, GM's EVs, GOOGL, Jennifer Elias, Goldman Sachs, Kash Rangan, Rangan, Peter Grom, Leslie Josephs, Max, Wells, Zachary Fadem, Jonathan Vanian, Meta, Refinitiv, Jefferies, Andy Barish, LUV, — CNBC's Michael Bloom Organizations: General Motors, Microsoft, Refinitiv, CNBC, company's, Silverado, United Auto Workers union, Investors, Management, PepsiCo, UBS, Boeing, Corporate, Twitter, Meta, Southwest Airlines, U.S, Southwest Locations: U.S, FactSet

☆ Putin new bodyguard incudes thousands of elite special forces, tanks and warplanes to make him 'coup-proof,' analyst says
▼ + stars: | 2023-07-23 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Putin has reinforced his National Guard with elite special forces, arming them with tanks and warplanes. The move is seen as making the Kremlin "coup-proof," an analyst told The Telegraph. The National Guard, created by Putin in 2016, has 320,000 men and reports directly to him rather than the Ministry of Defense. An MP for Putin's United Russia party Alexander Khinshtein said that Putin has personally ordered the Interior Ministry's 7,000-men-strong Grom special forces unit to move under its command. "Putin is straightening the special forces' command and control after Prigozhin's mutiny," he said.

Persons: Putin, Wagner, Vladimir Putin, It's, Putin's, Viktor Zolotov, Alexander Khinshtein, Ben Noble, Andrei Soldatov, John Hardie, Zolotov, Grom Organizations: National Guard, Telegraph, Service, British, The Telegraph, Ministry of Defense, Putin's United, Interior, Praetorian Guard, Politics, University College London, Foundation for, Defense of Democracies Locations: Russian, Wall, Silicon, Putin's United Russia, Russia, Belarus

CNN —Two senior Russian military officers have been killed in eastern Ukraine, the Russian Defense Ministry said Sunday, the latest high-profile losses for Moscow in a grinding war with its western neighbor. The ministry said the two officers – Col. Vyacheslav Makarov and Col. Yevgeny Brovko – were in killed in action while leading Russian troops in the Donetsk region. “The commander of the 4th motorized rifle brigade, Colonel Vyacheslav Makarov, being at the forefront, personally led the battle,” a Russian Defense Ministry briefing read. The Donetsk region of Ukraine includes the city of Bakhmut, which has seen some of the fiercest and most relentless fighting of the war. The Russian Defense Ministry said Ukraine has made “massive attempts to break through the defense of our troops to the north and south of Artemovsk,” referring to Bakhmut by its Russian name.

☆ Earnings playbook: Your guide to a busy week of earnings, featuring Meta and Amazon
▼ + stars: | 2023-04-24 | by ( Fred Imbert | ) www.cnbc.com time to read: +13 min

What history shows: GM has reported a better-than-expected bottom line in 29 of the last 30 quarters, per FactSet. McDonald's is set to report earnings in the premarket, with management slated to hold a call at 8:30 a.m. What history shows: History shows Google's parent company beats earnings expectations 68% of the time, with the stock averaging a gain of 1.6% on earnings day, per Bespoke. Meta Platforms is set to report earnings after market close, followed by a conference call at 5 p.m. What history shows: Bespoke data shows Intel beats earnings expectations 77% of the time.

☆ The Huwara Riot Was No ‘Pogrom’
▼ + stars: | 2023-03-06 | by ( Gil Troy | ) www.wsj.com time to read: +1 min

The riots against Palestinians on Sunday night were appalling—but they weren’t “pogroms.” Hundreds of Israeli settlers vandalized the West Bank town of Huwara, enraged that a Palestinian terrorist murdered two Jewish brothers driving through there earlier that day. The rioters killed one Palestinian, 37-year-old Sameh Aqtash , and wounded dozens, while torching houses and cars. For decades “pogrom” was the most chilling word in the Jewish vocabulary until the Nazi mass murder generated a new lexicon of horrors. After the czarist government orchestrated anti-Jewish violence in 1881, the word pogrom—from the Russian grom, meaning thunder—terrified Jews. “Perhaps most shocking of all, many supposedly decent people appeared among the makers of the pogroms.”

☆ UBS upgrades Procter & Gamble, says household goods giant can rally nearly 20%
▼ + stars: | 2023-03-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Now is the time to buy Procter & Gamble , according to UBS, which says the company's recent underperformance is "unwarranted." Analyst Peter Grom upgraded the stock to buy from neutral and raised his price target for Procter shares to $163 from $157. The analyst also noted that Procter shares are trading slightly below their average five-year valuation, making "the risk/reward at current levels is attractive." Grom added that a return to share gains, premiumization and a China reopening are leading to estimates of nearly 5% growth in organic revenue in 2024. P & G shares have fallen more than 9% in 2023, while the S & P 500 is up 3.4% in that time.

☆ Earnings playbook: Netflix and Goldman Sachs headline another big week of reports
▼ + stars: | 2023-01-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +7 min

Tuesday Goldman Sachs is set to report earnings before the bell followed by a conference call between management and analysts at 9:30 a.m. Last quarter: Goldman reported earnings and revenue that beat analyst expectations, thanks to strong bond trading revenues . What history shows: Goldman earnings have beaten expectations 87% of the time, according to Bespoke. The fourth quarter earnings report out Thursday should see around 4.5 million subscribers, according to data from FactSet. What history shows: FactSet data shows Netflix has beaten earnings expectation for the last five quarters.

The drills have presented a potential challenge to the United States and its allies. Putin has muddied the waters about his intentions after threatening to use nuclear weapons to defend Russia in its unraveling invasion of Ukraine. "We haven't seen anything to cause us to believe, at this point, that is some kind of cover activity," Austin said. Austin said declined to outline the kinds of potential responses that the United States and its allies would consider if Moscow took such a step. "I don't think this sends any message to Putin," Austin said.

WASHINGTON, Oct 25 (Reuters) - Russia has notified the United States about its plans to carry out annual exercises of its nuclear forces, the U.S. government said on Tuesday, a move that Washington said lowers the risk of miscalculation at a time of "reckless" Russian nuclear rhetoric. The United States has said it expects Russia to carry out test launches of missiles during its annual "Grom" exercises of its strategic nuclear forces, noting in the past it has fired inter-continental ballistic missiles. Under the New START Treaty, Russia is obliged to provide advance notification of such missile launches, U.S. officials say. The drills present a potential challenge to the United States and its allies, as Russian President Vladimir Putin has muddied the waters about his intentions after openly threatening to use nuclear weapons to defend Russia in its unraveling invasion of Ukraine. "While Russia engages in unprovoked aggression and reckless nuclear rhetoric, these notification measures do ensure we're not taken by surprise and reduce the risks of misperception," Price said.

WASHINGTON, Oct 17 (Reuters) - Russia has not yet notified the United States about exercises of its nuclear forces that Washington expects Moscow to carry out soon, a senior U.S. military official said on Monday. That has yet to come, the U.S. military official said, speaking on condition of anonymity. Register now for FREE unlimited access to Reuters.com Register"No, we have not received any type of official notification," the military official told reporters. The U.S. military official condemned the Russian strikes, saying they appeared designed to terrorize Ukraine's civilian population. The U.S. military official said history showed that air campaigns that try to psychologically cripple a population with such tactics will backfire.

☆ Russian roulette: Is Putin serious about nuclear war, or bluffing?
▼ + stars: | 2022-10-14 | by ( Jason Corcoran | ) www.businessinsider.com time to read: +14 min

On Oct. 26, President Vladimir Putin appeared on Russian state television overseeing a practice run of Russia's strategic nuclear deterrence forces. The conflict has revived Cold War-era fears of nuclear war across the region. In August, a Ukrainian official said that 9,000 Ukrainian military personnel had been killed, though another source said the number could be far higher. (President Zelensky previously estimated that 30% of Ukraine's power stations have been damaged or destroyed, although the figure is now likely to be greater.) In a wide-ranging answer, Putin had offered, almost as an aside, that Russian victims of nuclear war "will go to heaven as martyrs" while Western citizens would perish without having "time to repent."

☆ NATO to kick off nuclear drills involving B-52 bombers on Monday
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +2 min

The nuclear drills - which do not involve live bombs - are taking place amid heightened tensions after Russia repeatedly threatened nuclear strikes in Ukraine following major military setbacks on the battlefield there. "Steadfast Noon" is likely to coincide with Moscow's own annual nuclear drills, dubbed "Grom", which are normally conducted in late October and in which Russia tests its nuclear-capable bombers, submarines and missiles. Register now for FREE unlimited access to Reuters.com RegisterNATO said the Western drills were not prompted by the latest tensions with Russia. "This exercise helps ensure that the alliance's nuclear deterrent remains safe, secure and effective," said NATO spokesperson Oana Lungescu. On Tuesday, NATO chief Jens Stoltenberg made clear that the alliance would proceed with its drills despite the tense international situation.

☆ Upcoming Russian nuclear exercises a challenge for the West
▼ + stars: | 2022-10-13 | by ( Phil Stewart | ) www.reuters.com time to read: +5 min

Russia typically holds major annual nuclear exercises around this time of year, and U.S. and Western officials expect them perhaps in just days. NATO Secretary-General Jens Stoltenberg assured a news conference in Brussels that the alliance would monitor Russia's annual nuclear drills very closely, as it has for decades. "We believe that Russian nuclear rhetoric and its decision to proceed with this exercise while at war with Ukraine is irresponsible," the official told Reuters. The Russian Defense Ministry did not immediately respond to an emailed request for comment. "While we will continue routine activities to sustain our (nuclear) deterrent, there will be no special messaging around our exercises," the U.S. defense official said.

☆ Is this a drill? Upcoming Russian nuclear exercises a challenge for the West
▼ + stars: | 2022-10-13 | by ( Phil Stewart | ) www.reuters.com time to read: +5 min

☆ NATO to keep close eye on Russia's upcoming nuclear exercise - Stoltenberg
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

BRUSSELS, Oct 13 (Reuters) - NATO will monitor an expected upcoming Russian nuclear exercise very closely, the alliance's chief said on Thursday, in particular in light of Moscow's latest nuclear threats related to its conflict in Ukraine. "We have monitored Russian nuclear forces for decades and of course we will continue to monitor them very closely and we will stay vigilant - also when they now start a new exercise," NATO Secretary-General Jens Stoltenberg told reporters. "What I can say is that this exercise, the Russian exercise, is an annual exercise. It's an exercise where they test and exercise their nuclear forces," he added, apparently referring to Russia's annual Grom exercise that normally takes place in late October and in which Russia tests its nuclear-capable bombers, submarines and missiles. And of course we will remain vigilant, not least in light of the veiled nuclear threats and the dangerous rhetoric we have seen from the Russian side," Stoltenberg said.

☆ Costco Not Ready to Cut Prices as Shipping, Commodities Costs Fall
▼ + stars: | 2022-10-06 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +7 min

Richard Galanti, Costco Wholesale CFO Photo: Costco Wholesale Corp.“It takes time for changes to come through,” Mr. Galanti said. A company’s freight costs vary depending on whether they are fixed by contract for a period of time or based on spot-market rates that can change more quickly. The length of contracts as well as the company’s ability to renegotiate the terms of its agreements also affect the retailer’s freight costs, he said. These cost pressures will persist, as wages don’t tend to come down once they have gone up, Mr. Galanti said. Price increases have also hit food court items such as individual sodas and whole pizzas because of rising costs, Mr. Galanti said earlier this year.

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