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☆ Thursday's analyst calls: Discount retailers upgraded, more good news for Carvana, tough outlook for CVS
▼ + stars: | 2024-05-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +8 min

Thursday's analyst calls feature upgrades to discount retailers TJX and Burlington and used car outlet Carvana, while there was more bad news for CVS Health following a tough earnings report Wednesday. He also raised his price target to $130 from $70, or 49.2% above Wednesday's close price. He lowered his price target by $25 to $60, or just 5.6% higher from Wednesday's close price. Analyst Jay Sole also lifted his price target to $132 from $104, indicating nearly 41% upside from Wednesday's close. He raised his price target to $212 from $126, suggesting shares could gain 19.1% from where they closed Wednesday.

Persons: Morgan Stanley, Joseph Moore, Moore, Samik Chatterjee, Chatterjee, Tal Liani, Liani, — Hakyung Kim, JPMorgan Carvana, Rajat Gupta, Gupta, Kevin Caliendo, Caliendo, Jay Sole, Sole, BURL, — Hakyung Kim —, Michael Bloom Organizations: CNBC, CVS Health, UBS, CVS, JPMorgan, Qualcomm, Wall Street, Samsung, Huawei, Edge, headwinds, " Bank of America, Microsoft, Burlington Discount, TJX Companies, Burlington Stores, Burlington Locations: Burlington, Carvana, CY24, seasonality, optionality, Maxx

☆ Diversify your Big Tech holdings into these other stocks with similar traits, recommends Barclays
▼ + stars: | 2024-05-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

In an effort to navigate a market that remains highly concentrated under Big Tech's dominance, but also ripe for stock pickers, Barclays has dozens of stocks that share similar characteristics to the tech heavyweights. However, some select Big Tech remained fairly strong throughout the sell-off, with stocks like Alphabet and Apple bucking the downtrend. While Big Tech valuations still appear reasonable to Barclays analyst Venu Krishna, he pointed out that they're "not the only game in town," and suggested investors diversify their portfolios to beat their benchmarks. Yet, market returns, earnings upside, and institutional investor exposure remain highly concentrated in Big Tech," Krishna said in a Tuesday note. Aside from allowing investors to diversify, these stocks come with strong fundamentals based on profitability, balance sheet strength, cash conversion, and growth-adjusted valuation characteristics that closely resemble those of Big Tech stocks, the firm said.

Persons: Venu Krishna, Krishna, Dennis Geiger, Geiger, outperformance, Adrienne Yih, Yih, Goldman, TJX Organizations: Barclays, Big Tech, Inter, UBS, Software, Oracle, Arista Networks, JPMorgan, Arista, TJX Companies, Goods Locations: Big Tech, SPX, Ulta

☆ Arizona Senate to vote on repeal of 1864 near-total abortion ban
▼ + stars: | 2024-05-01 | by ( Arit John | ) edition.cnn.com time to read: +4 min

CNN —The Arizona Senate on Wednesday will vote on legislation to repeal the state’s 160-year-old near-total abortion ban, three weeks after the state Supreme Court revived the law and thrust reproductive rights into the political spotlight. Katie Hobbs signs it, as expected, it would clear the way for the state’s 15-week limit to remain state law. On April 9, the state Supreme Court ruled that the ban should be the state law. Abortion rights advocates are also gathering signatures for a ballot initiative to enshrine abortion rights into the state constitution. Several Arizona House members, including House Speaker Ben Toma, spoke out against the repeal last week.

Persons: Republican Sens, Shawnna, Shope, Katie Hobbs, Roe, Doug Ducey, Donald Trump, Kari Lake, Kris Mayes, Mayes, Court’s Roe, Wade, “, ”, Barrett Marson, Ben Toma, Rachel Jones, ” CNN’s Natasha Chen, Jason Kravarik Organizations: CNN, The Arizona Senate, Republican, Senate, Democratic, adjourns, Arizona Supreme, Republicans, ”, Democrats, Arizona House Locations: Wade, Arizona

☆ A woman hid her tattoos to get her corporate job, and thinks others should too
▼ + stars: | 2024-04-30 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

This story is available exclusively to Business Insider subscribers. AdvertisementAshley Ketner works full-time in a corporate sales job where she proudly displays colorful tattoos on her arms, legs, back, and head. Speaking to Business Insider, Keter said she regularly gets new ink, as she believes her tattoos are a "personal art collection." "I obviously got the job based on my credentials, and very soon after being hired, my tattoos were on full display. While starting a conversation about tattoos with your employer could be intimidating for some people, it's worth noting that

Persons: —, Ashley Ketner, Keter, Ketner, she's, Meg Wright Ketner, it's Organizations: Service, Business Locations: North Carolina, New York City

☆ Stocks are tumbling. But these 2 portfolio holdings should be defying the slide
▼ + stars: | 2024-04-25 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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, Jim Cramer's, Jim, Ford, Goldman Sachs, That's, We've Organizations: CNBC, Treasury, Ford Motor, Management, Honeywell International, Companies, Marshalls Locations: U.S, Maxx

Analyst Edward Kelly upgraded the discount retailer to overweight from equal weight and opened a $180 price target. Yefremov's $400 price target indicates shares can jump 31.7% from Wednesday's closing price. Analyst Andrea Teixeira downgraded the energy drink maker to neutral from overweight and cut her price target by $7 to $59. — Alex Harring 5:38 a.m.: Wall Street reacts to Meta earnings Meta Platforms disappointed investors with its weak revenue guidance , sending shares down about 13% in premarket trading. His price target of $55 implies upside of 22% over the next 12 months.

Persons: Bernstein, Wells, Edward Kelly, shrinkflation, Kelly, — Alex Harring, Sherwin, Williams, Aleksey Yefremov, Yefremov, Doug Creutz, Creutz, Judas, Goldman, bullish, Goldman Sachs, Brooke Roach, Roach, Andrea Teixeira, Alex Harring, Ford, Wells Fargo, Colin Langan, Langan, LSEG, Eric Sheridan, Brian Nowak, Morgan Stanley, Doug Anmuth, Ronald Josey, Daniel Roeska, Roeska, General Motors, Fred Imbert Organizations: CNBC, General Motors, Traders, Grand Theft, Sony, Electronic Arts, TJX, TJX Companies, JPMorgan, Monster Beverage, Ford, Ford Pro, Facebook, Meta, Citi, mojo, General, GM Locations: Wells Fargo, Thursday's, Wednesday's, Michigan

☆ A woman said her tattoos got her rejected for a job, but experts say personality is far more important
▼ + stars: | 2024-04-24 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

Experts say tattoos can impact hiring decisions, especially in customer-facing roles. Putnam, from California, said she went into the store to ask why she hadn't gotten the job, and the hiring manager told her she didn't have enough experience. The hiring manager also denied that her tattoos played any role in the rejection. AdvertisementAnother commenter, who said they used to be a hiring manager for the store, said: "I will tell you it's the facial piercings and tattoos." Ivy Johnson, for example, who also has many tattoos, said she had worked in corporate America as a hiring manager before starting up her apothecary business.

Persons: —, Ash Putnam, Maxx, Putnam, hadn't, Putnam wasn't, TikTok, Putnam's, Ivy Johnson, Johnson, Adam Collins, isn't, Michelle Enjoli, Enjoli, Justina Raskauskiene, Rachel Pelta, Pelta Organizations: T.J, Maxx, Service, Business, Pew Research, University of Miami, Daily Locations: California, America

☆ 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

☆ Macy's proxy fight is over, but the battle for the department store's future wages on
▼ + stars: | 2024-04-13 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

Arkhouse then launched its proxy fight and put forward nine nominees to Macy's 15-person board. Turning the tideOther department store chains have faced challenges from activists in recent years, and even when those efforts fall short, the pressure can bring about sweeping changes. That includes Macy's locations with stronger sales as well as its two chains that have outperformed the namesake brand, higher-end department store chain Bloomingdale's and beauty chain Bluemercury. Arkhouse claims Macy's refused to engage with it, and Macy's rebuffed Arkhouse saying it didn't have the financing for the takeover it proposed. Arkhouse, for its part, has said it plans to keep Macy's stores open.

Persons: Bing Guan, Tony Spring, Arkhouse, Neil Saunders, Macy's, Michelle Gass, Levi Strauss, Chip Bergh, Ben Hider, —, GlobalData's Saunders, It'll, Gavriel Kahane, Kahane, it's Organizations: Macy's Inc, National Retail Federation, Bloomberg, Getty, Arkhouse Management, Capital Management, American, Brigade, Levi, Herald, Sears, CNBC, Macy's, Fortress Investment Group, One Investment Management Locations: Herald, New York, Macy's, New York City

☆ These 4 stocks can help investors play defense as inflation rattles the market
▼ + stars: | 2024-04-12 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Recent inflation reports spooked investors, sparking a sell-off on Wednesday, but defensive stocks could provide some stability the next time markets get rocky. Those fears have contributed to a pullback in the market, with the S & P 500 slipping around 1% since the start of April. Investors could consider rotating into more defensively focused names to prepare for market volatility. Roper, on the other hand, has struggled this year, with the software stock's shares falling slightly in 2024. He said this week that Coterra was the firm's only buy-rated name in the natural gas exploration and production space.

Persons: technology's, ServiceNow, LSEG . Roper, LSEG, Roper, TJX, Coterra, Josh Silverstein, Silverstein Organizations: Federal Reserve, Investors, CNBC, Beta, CNBC Pro, Roper Technologies, Nasdaq, Coterra Energy

☆ 6 food and kitchen items to buy at TJ Maxx, according to a private chef
▼ + stars: | 2024-04-09 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: 1 min

Look for higher-end brands, but don't assume the most expensive products are the best ones. Cookware on display at T.J. Maxx. "The price is not always the best way to tell. "The most expensive item isn't always the best one." "Sometimes I prefer to have an item that's mid-range I can abuse a little bit," she continued.

Persons: Gabbi Shaw, Tiedemann, Williams Locations: Williams Sonoma

☆ Macy's hasn't closed 150 stores yet. But Target, Kohl's CEOs already smell opportunity
▼ + stars: | 2024-04-01 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Those companies already count many of Macy's shoppers as their customers, according to an analysis of credit card data by Earnest Analytics. Macy's closures could put as much as $2 billion of market share up for grabs. The department store's net sales were $23.1 billion in the most recent fiscal year, and it said the 150 stores that it's closing account for less than 10% of sales. About 63% of Macy's stores have a T.J. Maxx or Marshalls within a one-mile radius, according to an analysis by Jefferies. Off-price stores also draw a similar customer, which tends to be more affluent.

Persons: Macy's, Justin Sullivan, Brian Cornell, Tom Kingsbury, Maxx, Jefferies, Ross, Earnest, Penney, Tony Spring, Corey Tarlowe, Cornell, Tarlowe, Cos, Mercedes Organizations: Getty, CNBC, Nordstrom, Earnest Analytics, Target, Abercrombie, Fitch, Home Goods, Jefferies, Toyota, Maxx Locations: San Leandro , California, United States, New York, Burlington, U.S

☆ Colorful paintings of daily life uncovered in 4,300-year-old Egyptian tomb
▼ + stars: | 2024-03-25 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

CNN —Colorful paintings of daily life in ancient Egypt have been discovered in a tomb dating back more than 4,300 years. The tomb, known as a mastaba, was found in the pyramid necropolis of Dahshur, about 25 miles south of Cairo, during a recent Egyptian-German archaeological mission. The main attractions there are two large pyramids of King Sneferu: the so-called Bent Pyramid and the Red Pyramid. The daily life of the ancient Egyptians and their animals can be seen in the paintings. It added: “Cleaning and documentation work will be carried out on the tomb and its inscriptions during the coming period.”

Persons: King Sneferu, Idut, DAIK Stephan Seidlmayer, ”, “, Hathor, King Amenemhat III Organizations: CNN, Archaeological Institute, Egyptian Ministry of Tourism and, Egyptian Ministry of Tourism, Antiquities Locations: Egypt, Dahshur, Cairo, Old Kingdom, Memphis, Berlin, Kingdom, Sycamore, ”, Archaeological Institute Cairo, Old, Middle Kingdom

NEW YORK (AP) — James Madison announced itself by beating a Big Ten team to start this season. Terrence Edwards Jr. scored 14 points and James Madison pulled off the first 12-5 upset of March Madness by beating Wisconsin 72-61 on Friday night. “Told the team, I’m proud of them, but not surprised,” James Madison coach Mark Byington said. James Madison opened the season with victory at Michigan State in November that moved the Dukes in the AP Top 25 for the first time in school history. “And we knew we belonged.”Only defending national champion and top-seeded UConn has won as many games this season as James Madison.

Persons: — James Madison, Dukes, “, ” Xavier Brown, Terrence Edwards Jr, James Madison, ” James Madison, Mark Byington, LIU, Max Klesmit, FanDuel, ” Byington, Klesmit, Noah Freidel, JMU, ” Friedel, ” Edwards, Greg Gard, Chucky Hepburn, ” Gard, Bickerstaff, Julien Wooden, ” Bickerstaff Organizations: Big, NCAA, Wisconsin, Badgers, Barclays Center, Atlantic Union Bank Center, Michigan State, Dukes, ”, UConn, Duke Locations: South Region, Brooklyn, Harrisonburg , Virginia, Atlanta, New York, ” Wisconsin, unfazed

Gilbert finished with 16 points as the Cyclones rolled to the 69-41 victory, giving them their sixth Big 12 trophy in their sixth title game appearance. Iowa State used an 18-3 run to turn a 30-23 halftime lead into the kind of blowout Sampson has rarely experienced. But don't lose sight of how good you have to be to get here.”It doesn’t seem to matter who is coaching Iowa State at the Big 12 Tournament, either. And when they got those buckets to go, it freed up Momcilovic and the rest of the Iowa State sharpshooters to begin draining 3-pointers. Cougars big man J'Wan Roberts was largely ineffective, too, after hurting his right leg and playing sparingly in their semifinal rout of Texas Tech.

Persons: —, Otzelberger, Keshon Gilbert, Gilbert, ” Otzelberger, Milan Momcilovic, Hason Ward, Kelvin Sampson, Sampson, ” Sampson, “, That's, I've, ” Jamal Shead, L.J, Cryer, Emanuel Sharp, We've, Shead, J'Wan Roberts, Tamin Lipsey, ___ Organizations: KANSAS CITY, Iowa, Cyclones, Big, UCLA, Cougars, Iowa State, Houston, ”, ” Iowa State, Texas Tech, ” Cyclones, State, NCAA, AP Locations: KANSAS, Mo, Houston, Oklahoma, Kansas, Iowa, Ames , Iowa, ” Iowa, Omaha , Nebraska, Ames . Houston

☆ Navy SEALs on snowmobiles raced across the frozen Arctic to link up with an attack sub that broke the ice during a special ops first
▼ + stars: | 2024-03-15 | by ( Ella Sherman | ) www.businessinsider.com time to read: +4 min

US Navy SEALs and allied commandos successfully executed a first-of-its-kind Arctic Circle drill recently. Over 400 special operations forces delivered a package to the submarine USS Hampton. Previously, the US had less of a focus on the Arctic, but with Russia and China taking up an increased presence in the region, the US now has more interest in pursuing Arctic training. AdvertisementSEALs and Norwegian Naval Special Operations Commandos are pictured next to the Los Angeles-class attack submarine USS Hampton (SSN 767) while two MH-47G Chinook helicopters, assigned to the 160th Special Operations Aviation Regiment (Airborne), hover overhead during an joint submarine/special operations forces integration exercise. US and allied military personnel training in the Arctic must work through temperatures below -40 degrees Fahrenheit.

Persons: —, Bill Gallagher, Jeff Atherton, Martin Carey Organizations: US Navy, Service, US Army Green Berets, 160th SOAR, Warfare, 109th Airlift, New York Air National Guard, Special Operations Commandos, 160th Special Operations Aviation Regiment, . Troops Locations: Hampton, Los Angeles, Norway, Canada, Denmark, United Kingdom, Alaska, Greenland, Russia, China

☆ In shadow of Trump tweets, Supreme Court outlines when officials can be sued for social media use
▼ + stars: | 2024-03-15 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +5 min

The court ruled unanimously that officials can be deemed "state actors" when making use of social media and can therefore face litigation if they block or mute a member of the public. The court held that conduct on social media can be viewed as a state action when the official in question "possessed actual authority to speak on the state's behalf" and "purported to exercise that authority." While the officials in both cases have low profiles, the ruling will apply to all public officials who use social media to engage with the public. The cases raised the question of whether public officials' posts and other social media activity constitute part of their governmental functions. The court is wrestling with a whole series of social media-related free speech issues in its current term, which runs until June.

Persons: WASHINGTON —, Donald Trump's, Amy Coney Barrett, —, Barrett, Trump, Elon Musk, Michelle O'Connor, Ratcliff, T.J, Zane, Christopher, Kimberly Garnier, O'Connor, Christopher Garnier, James Freed, Kevin Lindke, Freed Organizations: Twitter, Poway Unified School District, of, Circuit, Southern District of, Port, U.S Locations: Southern California, Michigan, California, San Francisco, Southern District, Southern District of California, Port Huron City

CNBC embedded with teams from HSI and California Highway Patrol to witness four organized retail crime operations for this investigation. CNBCAt the bottom of organized retail crime rings are boosters — the people who go into stores and take the items. A bin filled with sparkly silver boots that police suspect an alleged San Jose, California, crime ring stole from T.J. Maxx. In a statement, a TJX spokesperson said the company is "thankful" for CHP's efforts and is taking organized retail crime "very seriously." Court records filed in connection with the case provide a rare glimpse into the inner workings of an alleged organized retail crime ring.

Persons: Michelle Mack, Mack, Michelle Mack's, Louis Vuitton, Adam Parks, they've, Parks, HSI, It's, Joaquin, El, Guzman, Scott Robles, Robles, moisturizer, Allegra, Maxx, Gabrielle Fonrouge, Manny Nevarez, TJX, Michael Ball, Diego, Donna Washburn, Washburn, Mack —, we'll, Charlotte, Estee Lauder, masterminding, Rob Bonta, Kenneth Mack, Bonta, Kimora Lee Gooding texted Michelle Mack, Jan, Gooding, Andrew Barclay, Scott, let's, Kenneth Mack texted Michelle Mack, Michelle Mack texted Alina Franco, Sephora, Prada, Ulta's, Dave Kimbell, Kimbell Organizations: Police, CNBC, Patrol, Homeland Security Investigations, Department of Homeland, New, U.S . Custom House, Operation French, Walgreens, New Orleans Public, Federal, Gillette, CHP, TJX Companies, Bay Area, CNBC Police, Flea, Santa, Attorney, Capitol Flea, L'Oreal, Macy's, Body Locations: San Diego, Bonsall , California, California, Washington , Utah , Oregon, Colorado , Arizona , Illinois , Texas, Florida , Pennsylvania, Massachusetts, Ohio, U.S, Baton Rouge , Louisiana, HSI, New Orleans, Orleans, San Jose, Jose , California, Maxx, Bay, Bay Area, San Jose , California, Santa Clara, Washburn, St, Augustine , Florida, Charlotte Tilbury, Prada, LensCrafters

Read CNBC's full investigation into the alleged organized theft groups that police say are stealing and reselling items from retailers including Ulta Beauty, T.J. Maxx and Walgreens. Faced with sophisticated organized retail crime rings that investigators say have targeted his company, Ulta Beauty CEO Dave Kimbell is laying some blame on e-commerce sites. "You used to have to sell stolen goods at flea markets or out of the trunk of your car, or maybe just locally. The 53-year-old mother of three and her husband, Kenneth Mack, were charged with conspiracy to commit organized retail theft, grand theft and receipt of stolen property in connection with the alleged crime ring. During a raid at her California mansion in December, California Highway Patrol and Homeland Security agents say they found $387,000 in suspected stolen goods, most of which had come from Ulta.

Persons: Read, Dave Kimbell, Kimbell, Michelle Mack, Kenneth Mack, I'm, we've Organizations: Maxx, Walgreens, Ulta, CNBC, Homeland Security Locations: U.S, San Diego, California

☆ A millennial who quit her office job to live in a school bus explains what her lifestyle costs and how she makes 6 figures freelancing
▼ + stars: | 2024-03-03 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Read previewAlice Everdeen has traveled the country in a school bus for more than a year. The 32-year-old quit her office job at an Austin-based supplement company in 2020, and now makes $130,000 a year working remotely while on the road. The couple has been on the road since September 2022 — and they recently finished refurbishing the school bus they call home. Her main budget items are limited to cell service, food, and costs associated with parking and gas for the school bus. Sometimes others have misconceptions about Everdeen, she said, and they wonder why she is living in her school bus by choice.

Persons: —, Alice Everdeen, Everdeen, Jared, doesn't, They're Organizations: Service, Business Locations: Austin, Texas, Maine, Montana

☆ HomeGoods has become 'a bit of a cult,' TJX CEO says
▼ + stars: | 2024-02-29 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

HomeGoods is the housewares and furnishings brand in TJX's off-price retail family. "It's become a bit of a cult," TJX CEO Ernie Herrman joked about the brand's popularity on TikTok. AdvertisementAnyone who has ever set foot in a HomeGoods store has likely walked out with at least one thing they hadn't planned on purchasing. HomeGoods is the housewares brand in the TJX off-price retail family, which includes megastars T.J. Maxx and Marshalls, plus the outdoorsy Sierra. Advertisement"It's become a bit of a cult," TJX CEO Ernie Herrman joked during the company's fourth-quarter earnings call on Wednesday.

Persons: HomeGoods, It's, Ernie Herrman, —, Herrman, housewares Organizations: Service, HomeGoods, Marshalls, TJX Locations: Maxx, HomeGoods

☆ We're raising our price target on TJX after the discount retailer's impressive earnings beat
▼ + stars: | 2024-02-28 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Higher sales and lower COGS resulted in better-than-expected gross margin expansion that trickled down to a bottom-line beat. The company's pretax profit margin also expanded versus the year-ago period, benefiting from a higher merchandise margin. The strong merchandise margin was attributable to less shrink (theft), reduced freight costs, and lower markdowns. The company's pretax profit margin also expanded versus the year-ago period, benefiting from a higher merchandise margin. The strong merchandise margin was attributable to less shrink (theft), reduced freight costs, and lower markdowns.

Persons: Ernie Herrman, —, Herrman, Jim Cramer's, Jim Cramer, Jim, Scott Mlyn Organizations: Companies, LSEG, Management, Wall, TJX, CNBC, Shoppers, TJ Maxx, CNBC TJX Companies Locations: Maxx, buybacks, Canada, New York

☆ Jim Cramer's quick thoughts on cybersecurity stocks, Disney, and our portfolio off-price retail name
▼ + stars: | 2024-02-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. 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. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Ernie Herman, Macy's, TJX, Nordstrom, Cramer, UnitedHealth, Linde, Jim Cramer's, Jim Organizations: CNBC, Consumer, Communication Services, Health Care, Tech, TJX Companies, Target, Palo Alto Networks, Disney, ESPN, Apple, Paramount, Anheuser, Busch, Jim Cramer's Charitable Locations: Maxx, Palo Alto, India

☆ The SAT and the Supreme Court
▼ + stars: | 2024-02-28 | by ( David Leonhardt | ) www.nytimes.com time to read: +1 min

After the Supreme Court banned race-based affirmative action last year, many people in higher education worried that it would be only the first in a series of decisions that reduced diversity at selective schools. In particular, university administrators and professors thought the court might soon ban admissions policies that gave applicants credit for overcoming poverty. And the future of admissions at selective colleges and high schools has suddenly become clearer. The Texas modelThe situation has become clearer because the Supreme Court last week declined to hear a lawsuit against a public magnet school in Northern Virginia — Thomas Jefferson High School for Science and Technology, known as T.J.Until recently, T.J. admitted students based on a mix of grades, test scores, student essays and teacher recommendations. This process led to a student body that looked very different from the area it served.

Persons: Northern Virginia — Thomas Organizations: Northern Virginia — Thomas Jefferson High School for Science, Technology Locations: Texas, Northern Virginia

☆ TJX tops earnings estimates as holiday sales jump 13%
▼ + stars: | 2024-02-28 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

TJX Cos. on Wednesday said holiday sales jumped 13% as shoppers hunting for deals flocked to the off-price retailer. Excluding an additional week in the quarter, TJX reported earnings per share of $1.12. Sales rose to $16.41 billion, up about 13% from $14.52 billion a year earlier. Over the last year, it raised its sales and profit guidance numerous times. For the full year, it expects earnings per share of $3.94 to $4.02, compared to estimates of $3.88 to $4.40.

Persons: TJX Cos, TJX, Jane Hali Organizations: Maxx, LSEG, Associates Locations: Pinole , California, TJX's, New York , Florida , Texas, California

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