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Oracle — The database software stock surged about 10% in extended trading after fiscal fourth-quarter results topped analysts' earnings estimates. Vail Resorts — Shares of the ski resort operator fell more than 3% after its latest quarter missed estimates on the top and bottom lines. Vail also cut its full-year guidance amid lower snowfall across Western North American resorts through January. Asana — Shares of the work management platform rose slightly in after-hours trading after fiscal fourth-quarter results topped estimates. A sign is posted in front of the Oracle headquarters in Redwood Shores, California, on March 11, 2024.
Persons: Vail, Asana, Dan Loeb's, Justin Sullivan Organizations: Vail, Advance, Oracle Locations: Redwood Shores , California
Overall, consumer prices rose 0.3% in January 2024 from December 2023, according to the latest Consumer Price Index. The Labor Department releases its Consumer Price Index for February on Tuesday. The drivers of services inflation have been threefold: Vehicle insurance, hospital insurance, and financial services. The US Labor Department releases its Consumer Price Index for February. The US Commerce Department releases February figures on retail sales in addition to January data on business inventories.
Persons: don’t abate, Price, it’s, Bell, Saira Malik, They’ve, I’ve, Biden, Joe Biden, I’m, , Biden’s, Read, Guess Organizations: Washington CNN, Federal Reserve, Labor Department, Oracle, Asana, Vail Resorts, US Labor Department, US Treasury Department, National Statistics, Adobe, Dollar, Sporting Goods, Getty, US Commerce Department, The New York Fed, Manufacturing Index, University of Michigan Locations: Nuveen, Thursday’s State, America
Within the Club, we heard this week from Foot Locker on Wednesday, then from Costco and Broadcom on Thursday. The big economic data drop of the week arrived Friday with February's nonfarm payrolls report . The center of attention is Tuesday's February consumer price index report . On Thursday, the February produce price index is due out. ET: Producer Price Index 8:30 a.m.
Persons: FactSet, Locker, Foot Locker, February's nonfarm, Jerome Powell, he's, we'll, MANU, LEN, Jim Cramer's, Jim Cramer, Jim, Mostafa Bassim Organizations: Nasdaq, Dow Jones Industrial, Costco, Broadcom, Commerce, Federal, PPI, Ballard Power Systems, Fortrea Holdings, Casey's, Vail Resorts, MTN, Daniels, Midland, Kohl's Corporation, Kanzhun, Game Technology, Manchester United, Blade Air Mobility, Clover Health, Beauty Health, Energy Vault Holdings, PHX Minerals, Guild Holdings, Finance, Heron Therapeutics, ZIM Integrated Shipping Services, Arcos Dorados Holdings, ARCO, Petco, Wellness Company, Farms, Sonoma, WSM, ESS Tech, DICK'S Sporting, Inc, Futu Holdings, Bear, Autolus Therapeutics, III Apparel, Solo Brands, Weibo Corporation, Embraer, CNBC, Washington DC, Anadolu, Getty Locations: U.S, Asana, ASAN, Williams, Washington, United States
CNBC's Jim Cramer on Friday guided investors through next week's most important happenings on Wall Street, highlighting Adobe 's earnings report, as well as ones from Dollar General and Dollar Tree . Dollar Tree reports on Wednesday, and Cramer said Wall Street has long favored dollar stores, adding that the company has a "good a handle on the psyche of the American consumer." The producer price index will be released Thursday, as well as earnings from Dollar General. Like Dollar Tree, he thinks the company will do well, and it will "tell a story of price cutting that the analysts will lap up." But by the end of the week, Wall Street will be buzzing about Nvidia 's conference, which is set to take place from March 18 to 21.
Persons: CNBC's Jim Cramer, Cramer, Kohl's, Tom Kingsbury, Williams, Lennar, Jabil Organizations: Adobe, Dollar, Oracle, Vail Resorts, Holding, Burlington Stores, Sporting Goods, Nvidia Locations: Sonoma
Read previewA snowboarder reported missing at a ski resort in California on Thursday was stranded on a gondola overnight in the cold. Laso told KCRA that she tried getting the attention of workers she could see below, but they couldn't hear her. Heavenly Ski Resort operates a gondola ride that is 2.4 miles long and runs daily, per its website. Heavenly Ski Resort said it is investigating the incident, per the outlet. Vail Resorts, which owns Heavenly Ski Resort, did not immediately respond to a request for comment sent outside regular business hours by Business Insider.
Persons: , Monica Laso, Laso, KCRA, Kim George, Tom Fortune Organizations: Service, Business, NBC, KCRA, National Weather Service, El, Office, Associated Press, AP, Vail Resorts Locations: California, El Dorado County
Historically, November is the best month of the year for the stock market, and December is third, according to the Stock Trader's Almanac. Under the surface this week, we also saw signs of a possible market rotation in the works. Rotation watch : We must look to next week's trading for confirmation that we're in the grips of a rotation or simply a head fake. Signs of the former were on display this week as the two of the biggest sector winners of the year, communication services and technology , trailed the market. Jobs, jobs, jobs : The most important release of the week comes Friday in the form of the November nonfarm payrolls report.
Persons: Jerome Powell, That's, Locker, it's, Hock Tan, We'll, Joann, JOAN, JM Smucker, OLLI, Campbell Soup, Brown, Forman, LULU, Smith, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Wall, Dow, Nasdaq, Federal, Broadcom, Marvell Technology, Cisco Systems, VMWare, Club, PMI, Labor, Signet Jewelers, SIG, Brands, Toll, Thor Industries, Natural Foods, GameStop, Vail Resorts, MTN, Smith & Wesson, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Asana, ASAN, New York City
"Some are still just coming down that final stretch to open, especially for the fall-winter season, but we've come a long way and town is ready for the winter season. “We’re open for business and ready to go,” Mark Verespy, owner of The Killarney pub, said of the town. He isn’t sure yet what he will do with the flood-damaged Mr. Darcy’s Bar & Burger next door, but if he rebuilds, it won’t be ready for the winter season. After the flooding, Okemo, which sits on higher ground, was able to reopen its bike park, summer camp and scenic lift rides in late July. Now it’s preparing for the winter season and plans to start snowmaking next month.
Persons: Ludlow, Brendan McNamara, we've, Mark Verespy, McNamara, Troy Caruso, Darcy’s, ” Caruso, snowmaking, ” Courtney DiFiore, you’d, they’d, , David Del Tufo, It’s, Lisa Del Tufo, , , we’re Organizations: Vail Resorts, Locations: LUDLOW, Vt, Vermont, ” Ludlow, Killarney,
Driggs, Idaho, is the latest western mountain town to grapple with an surge of outsider money. AdvertisementAdvertisementChristina Assante bought a half-acre lot in Driggs, a ski town on the border of Wyoming, for $500,000 in 2021. Assante, and her son, Asher, are a part of a growing population setting course for the burgeoning ski town that was once overshadowed by its trendy neighbor Jackson, Wyoming. AdvertisementAdvertisementAn uncharted ski town in Idaho is ready to explodeIn Driggs, the town's expansion trajectory hangs in the balance as a, more literal, expansion is being organized. Locals are being pushed further outside of this Colorado ski townVail, Colorado, an expensive ski town a little less than 100 miles outside of Denver, could be viewed as a cautionary tale for Driggs and other budding ski towns.
Persons: , Rich, Dutton, Luke Smith, Engel, Völkers Jackson, Cindy Riegel, Christina Assante, Assante, Michael, Asher, Driggs, Riegel, Allison Weibel, Steve Estvanik, Weibel, Vail, Michelle Badger, Redfin, it's, Mack, Keller Williams, Everdawn Charles, Tamara Williams, Kevin Costner's, Todd O'Hair, Montana's, Jackson, Paul Diegel Organizations: Service, Wall Street Journal, Journal, Census Bureau, New York Times, Times, Vail Resorts, Denver, Getty Images, Montana Chamber of Commerce Locations: Driggs , Idaho, Teton County , Idaho, Wyoming, Alta , Wyoming, Driggs, Jackson , Wyoming, Colorado and Montana, Idaho, Alta, Colorado, Vail , Colorado, Denver, Vail, Gypsum , Colorado, Vail —, Breckenridge, Dillon, Frisco, Bozeman , Montana, DianeBentleyRaymond, Getty Images Bozeman, Yellowstone, . Bozeman, Bozeman, Montana, Park City, Aspen
Insider has asked Apple, Google and Amazon for comment on various antitrust allegations in the past. But consumers don't pay for Google Search. The results of a Google search Alistair Barr/Insider/GoogleThe Amazon situation is similar. Marketpulse estimated earlier this year that Amazon sellers pay more than 50% of their revenue to Amazon in fees now. The results of an Amazon search Alistair Barr/Insider/AmazonEven Apple does this in its App Store.
Persons: , Mark Schlisky, didn't, Lina Kahn, haven't, Vail, Alistair Barr, superstores, Burton Organizations: FTC, Amazon, DOJ, Google, Apple, Service, Bernstein, Big Tech, Ikon, Epic's, Epic, Vail Resorts
It was another downer of a week on Wall Street with all three major averages posting steep losses despite a bounce back on Friday. The S & P 500 and the technology-heavy Nasdaq fell 2.3% and 2.9% this week, respectively, while the Dow Jones Industrial Average lost 1.5%. Federal Reserve: The central bank signaled this week that it was planning to keep rates higher for longer to beat down inflation. ET: Personal consumption expenditure Before the bell: Carnival (CCL) (See here for a full list of the stocks Jim Cramer's Charitable Trust is long.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: downer, Jim Cramer, carmakers, hasn't, Jim, " Cramer, Stanley Black, Decker, Jim Cramer's, Ferguson, SYNNEX, HB Fuller, Jabil, Cramer's, Emily Elconin Organizations: Nasdaq, Dow Jones Industrial, Federal Reserve, Republican, Democratic, UAW, Big, United Auto Workers union, General Motors, Club, Ford, Fed, Stanley, Jim Cramer's Charitable, Costco, Citi, Meta, Industries, Cintas, Natural Foods, Micron Tech, Concentrix Corp, Worthington, Gross, Accenture, BlackBerry, Vail Resorts, MTN, CNBC, United Auto Workers, Stellantis NV, Bloomberg, Getty Locations: SWK, Stellantis NV Toledo, Toldeo , Ohio
Here are Thursday's biggest calls on Wall Street: Barclays initiates Jabil and Flex as overweight Barclays initiated several technology manufacturers Thursday and said it sees margin expansion. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on the stock heading into Apple's iPhone event next week. Barclays initiates LPL Financial as overweight Barclays said the financial services company is a "solid organic grower at reasonable valuation." Barclays downgrades Seagate to equal weight from overweight Barclays downgraded Seagate mainly on valuation. Morgan Stanley reiterates Meta as overweight Morgan Stanley said it's staying bullish on shares of Meta.
Persons: Wells, Goldman Sachs, Morgan Stanley, McDonald's, Apple, it's, Jefferies, Canaccord, Johnson, Bernstein, Tesla, underperform Bernstein, Raymond James, Dell, Dan Jedda, Stifel, Riley downgrades Crocs, Riley, Truist, Raymond James downgrades Dave, Buster's, Guggenheim, Meta Organizations: Street, Barclays, JBL, EV, HSBC, Citi, Micron Citi, Micron, Oracle, Johnson, JPMorgan, Netflix, Tesla, DELL, Bank of America, Cloud Computing, LPL, Vail Resorts, Seagate, CyberArk Software Ltd, Meta, Nvidia Locations: 3Q23, Vail
TD Cowen upgrades Domino's to outperform from market perform TD said in its upgrade of the stock that it sees upside to same-store sales. Bernstein reiterates Apple as market perform Bernstein said similarities exist between IBM 10 years ago and Apple today. Morgan Stanley reiterates Walmart as overweight Morgan Stanley sees an attractive risk/reward for Walmart shares. RBC upgrades American Express to outperform from sector perform RBC said the credit card company is "best positioned" to outperform. Jefferies reiterates Alphabet as buy The firm is more bullish on Alphabet shares after the company's recent Google Cloud event.
Persons: TD Cowen, Woodward, Uber, Cantor Fitzgerald, Wells, Bernstein, Morgan Stanley, Goldman Sachs, Lamb Weston, Stryker, Baird, Wolfe, Stifel, Jefferies, GOOGL's, We've Organizations: DIS, Media, Apple, IBM, Walmart, Bank of America, of America, Citi, Technologies, UBS, RBC, Dine Brands, Susquehanna, Barclays, Oracle, Vail Resorts, MTN, Google, Nvidia Locations: U.S, North America
Instead of despairing over the loss of her job, Beatty viewed it as a chance to realize a childhood dream of living and working in the wilderness. Quitting the 9-to-5 grind for 'something simpler'Beatty started looking for seasonal jobs in October 2022 on Vail Resorts' careers website at the recommendation of a friend. Olsen, who is also a freelance photographer, landed a job as a ski instructor at the same resort. Paying $88 per month to live in YosemiteAt the end of March, she and Olsen moved into a small, one-bedroom cabin in the park, which costs them $88 per month, each. Sharing those intimate spaces with her co-workers was "a bit of a shock at first," Beatty says, and has been the most challenging adjustment to seasonal work.
Persons: Hanna Beatty, Beatty, Beatty didn't, Justin Olsen, you've, Olsen, Justin Reed Olsen, It's Organizations: Yosemite National, Vail Resorts, Aramark, Yosemite Locations: Redding , California, Lake Tahoe, U.S, California, Redding, Yosemite, Philadelphia, Tahoe, South
Their town of 2,100 people had suffered some of the worst flooding in the state amid more than seven inches of rain. It was a painful setback for Vermont at the height of its summer tourist season. While much of the state was untouched by the flooding — even in Ludlow, which is in south-central Vermont, some businesses were unscathed — national news coverage of disasters typically leads to a wave of cancellations. In Ludlow — first settled by farmers in 1783, later home to woolen mills powered by the river, and now best known as the home of Okemo Mountain Resort — momentum had been building. Since Vail Resorts bought the ski area in 2018, upgrading lifts and boosting marketing and year-round recreation, new businesses had sprung up to serve new visitors.
Persons: Ludlow —, Prasse, Kovalsky Organizations: Tourism, Vail Resorts Locations: Montpelier, Barre, Vermont, Ludlow
DocuSign posted first-quarter adjusted earnings of 72 cents per share, topping consensus estimates of 56 cents, according to Refinitiv. Vail Resorts — Shares fell 3.9% after Vail Resorts missed third-quarter earnings expectations. The mountain resort company posted earnings of $8.18 per share, while analysts polled by Refinitiv expected $8.84 per share. It reported revenue of $1.24 billion, lower than the estimate of $1.27 billion. It slightly beat on revenue expectations, reporting $136.3 million, compared with consensus estimates of $136 million, according to FactSet.
Persons: DocuSign — DocuSign, DocuSign, Refinitiv, Mary Barra, Elon Musk, Tesla Organizations: Vail, Vail Resorts, General Motors — General Motors, Tesla, Ford Motor, Comtech Telecommunications —, Comtech Telecommunications Locations: Dobbs Ferry , New York, North America
It was a strong week for all three major stock indices, with the market bolstered Friday by strong jobs data and a deal in Washington to raise the U.S. debt ceiling. The S & P 500, the Nasdaq and the Dow Jones Industrial Average all finished the week roughly 2% higher. While Friday's rally broadened out beyond just the usual tech stocks, the Nasdaq ended Friday at its highest level since April 2022. This is the key data to look out for in the week ahead: Monday, June 5 9:15 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: payrolls, Biden, Investors, we've, Joann, JOAN, Ferguson, JM Smucker, Buster's, Campbell Soup, OLLI, Friday's, Jim Cramer's, Jim Cramer, Jim, Anna Moneymaker Organizations: U.S . Labor Department, Nasdaq, Dow Jones Industrial, Organization of Petroleum, Monday Club, Apple, PMI, THOR Industries, ABM Industries, Academy Sports, Ciena Corp, Foods, GameStop, Signet Jewelers, SIG, Company, Brands, Vail Resorts, MTN, Labor, Federal Reserve, U.S, West Texas, Treasury, Jim Cramer's Charitable, CNBC, Capitol, Getty Locations: Washington, OPEC, Vienna, China, U.S, Washington , DC
The news weighed on the entire banking sector for a second day, with First Republic Bank losing 7.5% in the premarket and crypto focused Signature Bank down 4%. Allbirds — Shares of the footwear retailer plummeted more than 22% after the company failed to post year-over-year quarterly sales growth for the first time in its history. Oracle — The software company dropped 4.9% after revenue for its latest quarter missed analysts' expectations. It also issued weaker-than-expected guidance for its first quarter and full-year revenue, according to Refinitiv. The Wall Street firm said it's confident the online gaming platform will continue to show strong growth in spite of macro pressures.
Oracle — The information technology company dropped 4.9% after beating analysts' expectations on earnings but missing on revenue for its third quarter. But its revenue came in lower, at $12.40 billion compared with the $12.42 billion Wall Street anticipated. Ulta — The beauty retailer slid 2.1% despite beating analysts' expectations for both the top and bottom lines, according to Refinitiv, and issuing upbeat forward guidance. The company beat revenue expectations with $1.1 billion compared with the $1.07 billion anticipated by analysts polled by FactSet. The company's guidance on net income and adjusted EBITDA for the year leading up to July came in under analysts' expectations.
Where the market heads next will once again depend on inflation data — especially this week's highly anticipated jobs report. No portfolio companies report earnings next week. However, with mortgage rates bouncing back in recent weeks, it remains to be seen if the strong monthly report will see any follow up. 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 seesaw-like tension between interest rates and stock prices should remain in play in the week ahead, as investors focus on comments from Federal Reserve Chairman Jerome Powell and the February employment report. There are few earnings in the week ahead, so economic data will likely be a main driver for stocks, along with the comments from Powell. The futures market is pricing in a high chance for a quarter point, or 25 basis point hike in March. Week ahead calendar Monday Earnings: WW International, ThredUp, Trip.com, Lordstown Motor, Ciena, Grindr 10:00 a.m. Initial claims 10:00 a.m. Fed Vice Chair for Supervision Michael Barr Friday Earnings: Embraer 8:30 a.m. Employment report 2:00 p.m. Federal budget
Vail is among the most expensive Colorado housing markets, with a median home price over $1 million. Weibel's struggle to find affordable housing in Vail speaks to similar issues playing out in other ski towns like Jackson, Wyoming, and Park City, Utah. In her spare time, Weibel works part time as a babysitter, a summer-school tutor, and a ski instructor at Vail Resorts. Getty ImagesSam Stevens, 25, has seen firsthand how Vail's expensive housing market is straining the town's budget for important infrastructure projects. He eventually moved in with one of his friends in Eagle-Vail, about 8 miles west of the Vail Ski Resort.
A 29-year-old Utah man died Monday after a fallen tree damaged the chairlift at the Park City ski resort where he worked. The man fell from the lift chair into a ravine of deep snow, the Summit County Sheriff's Office said in a news release Monday. An aerial view of the chair lift accident scene at Park City Mountain in Utah, on Monday. Deirdra Walsh, vice president of Park City Mountain Resort, confirmed in a statement that the man was an employee at the resort. “The Park City Mountain team — as well as the entire Vail Resorts team — extend our deepest sympathy and support to the family and friends of our team member,” Walsh said.
Piper Sandler raises price target on Dollar General (DG) to $288 per share from $273; makes DG a top pick for 2023. Planet Fitness (PLNT) named a top pick for 2023 at Piper, which boosts price target to $93 per share from $79. Truist raises price target on Vail Resorts (MTN) to $292 per share from $270. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Markets could be volatile and in search of a catalyst in the week ahead, as investors consider year-end trades in the lull before the Federal Reserve's December 13-14 policy meeting. Stocks were higher in the past week, with the year's worst performing sectors, communications services and consumer discretionary companies, leading the gains. On the geopolitical front, Arone said investors will watch the Dec. 6 runoff election in Georgia's senate race . Week ahead calendar Monday Earnings: Sumo Logic , Gitlab 9:45 a.m. Services PMI 10:00 a.m. ISM services 10:00 a.m. Initial jobless claims 10:00 a.m. Quarterly services survey Friday 8:30 a.m. PPI 10:00 a.m. Consumer sentiment 10:00 a.m. Wholesale trade
Cramer's lightning round: BRC Inc is not a buy
  + stars: | 2022-11-15 | by ( Krystal Hur | ) www.cnbc.com   time to read: +1 min
I think it might be a good place to be. Loading chart...McKesson Corp : "I think McKesson is an incredible long-term holding." Loading chart...PoleStar : "It's an interesting spec, but again, another one that's losing money." Loading chart...Vail Resorts Inc : "I think that is an interesting and absolutely excellent way to play the travel situation." Loading chart...Enovix Corp : "Losing a lot of money.
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