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Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Cramer pointed to a strong quarter from Dick's Sporting Goods , saying Plank is probably wondering how Under Armour is "missing all this." "But that's only in relation to Dollar Tree," Cramer said, referring to rival Dollar Tree 's disastrous quarter and store closings announcement a day earlier. Robinhood : The financial services platform reported that stock trading activity was way up in February — an increase of 41% from a year ago. Williams-Sonoma : The home and kitchen products retailer gets all kinds of price target hikes after rallying nearly 18% on Wednesday on a strong quarter.
Persons: Jim Cramer's, Armour, Kevin Plank, Jim Cramer, Cramer, Plank, Eaton, Laura Alber Organizations: CNBC, Club, Dick's Sporting Goods, Dollar, TJX Companies, Truist, Caterpillar Locations: Robinhood, Sonoma
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWilliams-Sonoma CEO Laura Alber: Supply chain headwinds we had during Covid have abatedWilliams-Sonoma CEO Laura Alber joins 'Squawk on the Street' from Davos to discuss the state of retail, whether there will be a bottoming in consumer spending, and what's driving the company's upside.
Persons: Laura Alber, Williams Organizations: Williams Locations: Sonoma, Davos
Williams-Sonoma CEO Laura Alber: We're not just a furniture company, we're a life stage companyLaura Alber, Williams-Sonoma president and CEO, joins 'Mad Money' host Jim Cramer to talk partnering with Salesforce, consumer behavior, service model improvments and more.
Persons: Williams, Laura Alber, We're, Jim Cramer Organizations: Sonoma Locations: Sonoma, Williams
What China’s new smartphone means for Wall Street
  + stars: | 2023-09-11 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +9 min
Huawei’s feat could mean that Chinese technology has been progressing much faster than previously thought. Before the Bell spoke to Zino about what’s happening and what it means for Wall Street. Huawei’s new smartphone uses an internally developed, very powerful chip that’s manufactured by the Semiconductor Manufacturing International Corporation (SMIC), a partially state-owned Chinese semiconductor foundry. In the long term, this is probably a good thing for the leading semiconductor companies like Nvidia (NVDA) and Qualcomm (QCOM). Furniture companies are in a rutPeople aren’t buying furniture like they used to, reports my colleague Samantha Delouya.
Persons: there’s, Mike Gallagher, Michael McCaul, Angelo Zino, Bell, There’s, they’ve, They’ve, it’s, Anna Cooban, Samantha Delouya, Hooker, , ” Williams, Laura Alber Organizations: CNN Business, Bell, New York CNN —, Huawei, House, Skyworks, Materials, Semiconductor Manufacturing International Corporation, Nvidia, Qualcomm, Intel, Federal Reserve, West Elm Locations: New York, China, Taiwan, Korea, United States, Asia, Saudi Arabia, Europe, Virginia, Wayfair, Williams, Sonoma
CNN —People aren’t buying furniture like they used to. Last week, a pair of furniture retailers said they are experiencing a massive sales slump compared to last year. On Friday, shares of RH (RH) fell 16%, while Hooker Furnishings (HOFT) dropped 17%. The two companies are the latest in a growing list of furniture retailers seeing a slowdown after years of growth fueled by pandemic-era stay-at-home trends. Wayfair, an online furniture seller, saw its second-quarter revenue decline 3.4%, and La-Z-Boy, a furniture manufacturer, reported a 20% drop in sales in August.
Persons: Hooker, David L, Ryan, ” Williams, Laura Alber, Brad Thomas, ” Thomas, , Gary Friedman, Thomas, Bob Williams, Chris Moye, ” Hooker, Jeremy Hoff, Organizations: CNN, West Elm, Boston Globe, KeyBanc, Home, Target, Mortgage, Association Locations: Virginia, Wayfair, Williams, Sonoma, Lynnfield
Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on Sunday after failing to raise enough money to stay in business. The company is asking a New Jersey bankruptcy court permission to auction its namesake and Buy Buy Baby brands. "Comments from BBBY suggest that if a buyer of the company does not emerge, management plans to gradually wind down operations. The company currently operates 360 namesake locations and 120 Buy Buy Baby stores. "We are hard-pressed to envision Wayfair shares moving appreciably higher until the company's business model showcases improved, broad-based fundamental momentum.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur portfolio of brands aids our resilience, says Laura Alber, Williams-Sonoma CEOLaura Alber, Williams-Sonoma CEO, joins 'Closing Bell' to discuss the strength of U.S. consumers in 2023, furniture retail supply chains normalizing and doing manufacturing business in China.
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