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While he suffered in wet running shoes all day, a few of the guides around him were wearing Teva sandals. In the last 30 years, Paigen's take on the sport sandal, Chaco, has become a cult favorite among outdoor adventurers worldwide. With the sandal design finalized, all that was left to decide was a name. AdvertisementTaking a closer look at the Chaco Z/1 Classic SandalChaco now sells many different sandal styles. For years I was firmly against wearing sandals, but I've softened my stance recently.
Persons: Mark Paigen, Paigen's, Paigen, I've, I'm, Chacos, — Sally Kaplan, they'd, Lavender, couldn't, Connie Chen, Chaco, — Breton Fischetti, REI Organizations: Business, Wolverine Worldwide, Urban Outfitters, Commerce Urban, Amazon, Nordstrom, Nike Locations: Colorado, Chaco, New York,
Quarterly revenue came in at $12.54 billion, topping an LSEG estimate of $12.45 billion. Travelers said it generated $4.69 in earnings per share on $10.18 billion in revenue. Interactive Brokers — Shares popped 3% after Interactive Brokers posted quarterly results that came in slightly ahead of Wall Street's expectations. J.B. Hunt posted earnings of $1.22 per share on $2.94 billion in revenue. Alcoa is set to report earnings after the bell.
Persons: LSEG, Eli Lilly, ASML, Hunt, Kate Spade, Abbott, Joe Biden's, Jefferies, , Jesse Pound, Hakyung Kim, Pia Singh, Michelle Fox, Alex Harring, Sarah Min Organizations: United Airlines —, Travelers Companies, Travelers, U.S, Interactive, Hunt Transport Services, The New York Times, Federal Trade Commission, Versace, Capri Holdings, Autodesk —, Autodesk, Bancorp — U.S, Bancorp, Abbott Laboratories, FactSet, Alcoa Locations: China
Here are Wednesday's biggest calls on Wall Street: Barclays reiterates Tesla as equal weight Barclays lowered its price target on Tesla to $180 per share from $225 and said it sees a negative catalyst heading into earnings. Wells Fargo reiterates Microsoft as overweight Wells raised its price target on the stock to $480 per share from $460. Barclays reiterates Broadcom as overweight Barclays raised its price target on Broadcom to $1,500 per share from $1,405. Wells Fargo reiterates Goldman Sachs as overweight Wells said it gives a "gold star" to Goldman coming out of earnings. Truist reiterates Amazon as buy Truist raised its price target on the stock to $216 per share from $195.
Persons: Tesla, Mizuho, RCL, Hancock Whitney, Raymond James, it's, Vernova, Wells, AAPL, TD Cowen, Jefferies, Morgan Stanley, NVDA, Goldman Sachs, Goldman, Maxim, Truist Organizations: Street, Barclays, Royal Caribbean, Citi, GE, HSBC, Biotech, Apple, Microsoft, Broadcom, Education, Strategic Education, Guggenheim, Automotive, Netflix Locations: China, Gulf
Travelers — Shares fell nearly 5% after the insurance company reported an earnings and revenue miss for its first quarter. Revenue was $10.18 billion compared with the $10.51 billion expected. J.B. Hunt Transport Services — Shares sank 8% a day after the transportation and logistics company reported an earnings and revenue miss for its first quarter. ASML Holding — U.S.-listed shares sank 5% after the Dutch semiconductor company posted revenue and new bookings that came in below consensus estimates. Omnicom — The stock added nearly 3% a day after the communications company reported an earnings and revenue beat for its first quarter.
Persons: Eli Lilly, ResMed, Eli Lilly's, Zepbound, J.B, Hunt, Joe Biden, TD Cowen, Ferrari, Bernstein, , Dealbook, Kate Spade, Jesse Pound, Hakyung Kim, Sarah Min, Fred Imbert Organizations: LSEG, Revenue, Travelers, United Airlines, Hunt Transport, ASML, Urban, Jefferies, Autodesk, Alcoa, United Steelworkers, Ferrari, Abbott, Abbott Laboratories, New York Times, Federal Trade Commission Locations: J.B, China, Pittsburgh
Barclays cut its price target on Tesla. Turrin's $480 price target suggests Microsoft shares, which are up more than 10% this year, could add another 15.8% over the next 12 months. Nardone kept his $150 price target, which implies Crocs shares could gain 24.3% over the next 12 months. Tesla shares, which have lost more than 36% this year, traded 1.3% higher in premarket trading. Redburn Atlantic also cut its price target to $130 from $150, reiterating its sell rating on the stock.
Persons: Raymond James, Wells, Michael Turrin, Turrin, — Pia Singh, Crocs, Christopher Nardone, Terence Reilly, Nardone, Stanley, Ben Chaiken, Chaiken, Jefferies, Corey Tarlowe, Tarlowe, Tesla's, Dan Levy, Levy, Tesla, Pavel Molchanov, Vernova, Molchanov, Fred Imbert Organizations: CNBC, Wednesday's, Barclays, GE, Microsoft, Bank of America Bank of America, Royal, Mizuho Securities Mizuho, Royal Beach Club, Urban, Jefferies, Urban Outfitters, Abercrombie, General Electric, GE Vernova Locations: Wells Fargo, Heydude, Royal Caribbean, Tuesday's
Step inside Emma Roberts’ sumptuous LA home
  + stars: | 2024-04-16 | by ( Jacqui Palumbo | ) edition.cnn.com   time to read: +3 min
For Roberts, having a space that feels like home is a particular priority, she explained, as she moved often as a child. “We want a house to look like it’s been there for 50 years,” Pierce told AD in the cover story. She shares the home with her three-year-old son, Rhodes. ADWhile most of the pieces in Roberts' home are antique or designer, her open kitchen includes an affordable surprise. Though many pieces are courtesy of design studios or antique finds, Pierce and Ward don’t look down on more accessible commercial brands.
Persons: Emma Roberts, Roberts, ” —, Rhodes, Pierce, Ward, Minnie Driver, , they've, Michael P.H, Clifford, Louisa Pierce, Emily Ward, Dakota Johnson, Kate Hudson, Leonardo DiCaprio, , ” Pierce, ” Roberts, Debbie Harry, Joni Mitchell, Julian Wasser, Joan Didion Organizations: CNN, Urban Outfitters Locations:
In a 2022 survey by Apartment List, a quarter of millennials said they expected to rent forever. And housing experts say that when it comes to homeownership, millennials are the most screwed generation. "Millennials have a much different mindset on life in general than the generation before us," Muller told me. But millennials' housing misfortunes go beyond personal spending habits; they entered adulthood at a terrible time for the housing market. At the same time the housing market was soaring out of control during the pandemic, people were spending more time at home.
Persons: Brigette Muller, she'd, Muller, I'm, Franchesca Ramsey, Marco Zamora, millennials, There's, Jim Parrott, Parrott Ryan, Parrott, they've, Caroline Winkler, Winkler, Alexandra Gater, Hattie Kolp, Benjamin Fix, , Rose Matthes, Matthes, Zamora, messaged, Stardust, she's, Nice, I've, Emily Jensen Organizations: TikTok, Urban, Urban Institute, Urban Outfitters, YouTube, New York, GQ, Street Journal, Fashion Locations: Greenpoint , Brooklyn, Los Angeles, Cincinnati, Washington , DC, reno, Toronto, New York, San Francisco, Denver, Santa Fe, Poplight, Washington ,, Nice, Philadelphia, New, New York City
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
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
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
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
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
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
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
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
The explosive growth of the resale market and the rise of fast fashion are partly to blame. It's a high that anyone who shops at thrift stores knows — and one that I've been chasing since high school. lechatnoir/Getty ImagesGen Z made thrifting mainstreamBuying used clothing has never been more popular, largely thanks to Gen Z. Still, even as thrifting has grown in popularity, so have fast fashion brands. "Fifteen years ago you would've seen the majority of your secondhand shoppers were most likely more need-based," she said.
Persons: Thrifting, Gen Z, , I've, Nicole Craig, Arizona State University FIDM, we're, ThredUp, Z, Gen, Danielle Testa, thrifting, millennials, Abercrombie, Craig, Elena Karpova, Testa, Brittany Dickinson, Oleg Cassini, Prada, Jeffrey Greenberg, there's, Dickinson, we've Organizations: Service, Arizona State University, Goodwill, Salvation Army, Fitch, University of North, Goodwill Industries International, Universal, eBay, Urban Outfitters, Free Locations: University of North Carolina, Greensboro, Hendersonville , North Carolina
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
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
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
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
First Solar : Shares rose more than 3% after the solar firm's quarterly earnings topped estimates, and its guidance was formidable. Urban Outfitters : Shares fell 13% after earnings, revenue and same-store sales growth missed Wall Street's expectations. While Cramer complimented the performance of its clothing-rental business, Nuuly, he said investors should not view Urban Outfitters as much more than an industry temperature check. That seems like good news for GE Healthcare , according to Cramer, whose Charitable Trust also owns shares of the medical-equipment maker. GE Healthcare has been the best-performing health-care stock in the S & P 500 in February, "and it's not done," Cramer said.
Persons: Jim Cramer's, Cramer, Eli Lilly Organizations: CNBC, Club, Novo Nordisk, Charitable Trust, Universal Health Services, GE Healthcare, Trust
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWednesday rapid fire: First Solar, Urban Outfitters, J.M. Smucker and Universal HealthDuring the CNBC Investing Club's Morning Meeting on Wednesday, Jim Cramer discussed recent earnings reports from First Solar, Urban Outfitters and Universal Health Services, along with an analyst upgrade of J.M.
Persons: Jim Cramer Organizations: Urban Outfitters, Universal Health, CNBC, Universal Health Services Locations: Smucker
Beyond Meat reported fourth-quarter revenue of $73.7 million, versus the $66.7 million consensus estimate, per LSEG, formerly known as Refinitiv. First Solar — Shares added more than 3% after the solar panel manufacturer reported a fourth-quarter earnings beat . Urban Outfitters — The clothing retailer plunged 15% after missing estimates for its fourth-quarter earnings and revenue. Axon Enterprise — The weapons manufacturer popped 14% after reporting a fourth-quarter earnings beat. Novavax — The vaccine maker slid 27% after Novavax missed Wall Street's estimates for its fourth-quarter revenue and earnings .
Persons: Bumble —, Bumble, FactSet, Lemonade, Viatris, LSEG, , Novavax, Axel Springer, Schibsted, — CNBC's Brian Evans, Michelle Fox, Alexander Harring, Pia Singh, Samantha Subin Organizations: Advance, FactSet, eBay, Baidu, U.S . Securities, Exchange Commission, Attorney's, District of Massachusetts, Materials, Urban Outfitters, Boeing —, Federal Aviation Administration, Boeing, Alaska Airlines, Street, Justice Department Locations: U.S, China
Check out the companies making the biggest moves in premarket trading: Beyond Meat — Shares soared 59% one day after the plant-based meat company topped fourth-quarter revenue estimates and said it would "steeply reduce" costs this year. EBay — The online marketplace advanced 5% one day it beat fourth-quarter earnings and revenue estimates . In addition, Ebay announced a dividend increase and authorized another $2 billion share buyback. Full-year revenue guidance of $505 million to $510 million was below the $520.9 million consensus estimate. Urban Outfitters — Shares tumbled nearly 10% one day after the clothing retailer's fourth quarter earnings and revenue missed estimates.
Persons: LSEG ., , Bumble, FactSet ., EBITDA, FactSet's StreetAccount, LSEG, FactSet, TJ, TJX, Sarah Min, Lisa Han, Jesse Pound, Pia Singh, Samantha Subin Organizations: Revenue, Advance, AAP, FactSet, EBay, Ebay, Baidu, SEC, Materials, pharma, Wall, TJX, Marshalls Locations: China, FactSet
Futures tied to the Dow Jones Industrial Average slipped 41 points, or 0.1%. S&P 500 futures pulled back 0.04%, while Nasdaq 100 futures slid 0.08%. In Tuesday's regular session, the S&P 500 and the Nasdaq Composite ended the day with small gains, up 0.17% and 0.37%, respectively. The S&P 500 and the Dow are off the highs they just notched late last week, but investors may want to think twice before they aggressively ramp up on equities. On Wednesday, investors will look to earnings results from retailer The TJX Cos. and pharmaceutical name Viatris in the morning.
Persons: Dow, Drew Pettit, hasn't, Cos, Salesforce Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, eBay, Urban Outfitters, Citi
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