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☆ 2 major market themes that could make or break stocks after this week's rally
▼ + stars: | 2024-03-23 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

That answered a big question going into the central bank's two-day March meeting following two months of hotter inflation readings. We hope to see that strength continue in the coming months as increasing supply would help keep housing inflation down. Following the company's last quarterly report, Jim Cramer said, "You cannot have a recession if Cintas is blowing the doors open." ET: PCE price index (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, JEF, HB Fuller, Jim Cramer's, Jim, Victor J Organizations: Dow, Federal Reserve, Nasdaq, McCormick & Company, GameStop, Jefferies, Gross, Walgreens Boots Alliance, Jim Cramer's Charitable, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: U.S

☆ The stock market rally has broadened out from the Magnificent Seven. Here's why
▼ + stars: | 2024-03-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +10 min

Over the past month, a notable shift in performance has occurred among the 11 sectors of the S & P 500 . Understanding the S & P 500 sectors The 11 sectors of the S & P 500 represent the various industries powering the U.S. economy. For example, last year, the market-cap-weighted S & P 500 gained 24.2% while the equal-weighted index advanced only 11.6% in 2023. .SPXEW .SPX 1M mountain The equal-weighted S & P 500 over the past month compared with the S & P 500. Encouragingly, overall earnings estimates for the S & P 500 also have gone up recently.

Persons: —, It's, Wells, Linde, Russell, Labor Department —, Genuity, Canaccord, Encouragingly, Eaton, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Big Tech, Financial, Coterra Energy, DuPont, Tech, Communication Services, Apple, Microsoft, Nvidia, Club, Tesla, Linde, Wolfe Research, Labor Department, Fed, RBC Capital Markets, RBC, Bank of America, Eaton, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: Tuesday's, U.S

When busloads of migrants from Venezuela and Latin America started turning up on New York City streets in 2022, it spurred a crisis that has overwhelmed city shelters and incited protests over immigration policies. Thousands of Chinese migrants have also made their way to New York, with many following on the heels of migrants from Central and South America and crossing at the United States-Mexico border. Once they reach the city, however, many are tapping into long-established family and social networks in Chinese enclaves to get on their feet quickly and, for the most part, on their own. It is not known exactly how many Chinese migrants have landed in New York. But immigration court filings since October 2022 show that New York State was their top destination — with more than 21,000 filings for Chinese migrants — followed by California, according to an analysis by Julia Gelatt, an associate director at the Migration Policy Institute.

Persons: Eric Adams, Julia Gelatt Organizations: Latin America, New, New York State, Migration Policy Institute Locations: Venezuela, Latin, New York City, New York, Central, South America, United States, Mexico, California

Under an elevated subway track in Queens, Victor José Hernández was whipping up the pepitos that he had perfected at a street cart in Caracas, Venezuela. Just steps away, an Ecuadorean restaurant now displays a big Venezuelan flag and offers karaoke with Venezuelan love songs. And the line for arepas and cachapas (sweet corn cakes) spills out the door of a Venezuelan cafe. Though New York City was built on immigrant neighborhoods — Chinatown, Curry Hill, Little Italy and Little Haiti, among many others — it has never had a Venezuelan neighborhood. Historically, the city’s Venezuelan population was tiny and overshadowed by much larger Hispanic groups, including Puerto Ricans and Dominicans, immigration experts said.

Persons: Victor José Hernández Organizations: New, Puerto Ricans Locations: Queens, Caracas, Venezuela, Roosevelt, Jackson Heights, Elmhurst, Corona, Venezuelan, Little Venezuela, New York City, Curry Hill, Little Italy, Little Haiti

☆ Walmart Stops Ads on X, Joining the Advertising Exodus
▼ + stars: | 2023-12-02 | by ( Sarah Nassauer | ) www.wsj.com time to read: 1 min

Walmart says the move has nothing to do with Elon Musk’s statements ‘on or off the platform.’ Photo: Victor J. Blue/Bloomberg NewsWalmart said it had stopped advertising on Elon Musk’s X, joining the parade of major marketers that have left the social-media platform in recent weeks. The retail behemoth said the halt—in the middle of its critical holiday shopping season—wasn’t due to a change in its advertising policies, but about how well advertisements on X have performed.

Persons: Elon, Victor J, Elon Musk’s Organizations: Walmart, Bloomberg, Elon, behemoth

☆ Walmart Stops Ads on X, Joining the Advertising Exit
▼ + stars: | 2023-12-02 | by ( Sarah Nassauer | ) www.wsj.com time to read: 1 min

Walmart says the move has nothing to do with Elon Musk’s statements ‘on or off the platform.’ Photo: Victor J. Blue/Bloomberg NewsWalmart said it had stopped advertising on Elon Musk’s X, joining the parade of major marketers that have left the social-media platform in recent weeks. The retail behemoth said the halt—in the middle of its critical holiday shopping season—wasn’t because of a change in its advertising policies, but about how well advertisements on X have performed. Walmart largely stopped purchasing ads in October and the last ones ran around Thanksgiving.

Persons: Elon, Victor J, Elon Musk’s Organizations: Walmart, Bloomberg, Elon, behemoth

MIAMI (AP) — The U.S. has expelled a former Chilean Army officer accused of torturing and killing folk singer Victor Jara during the country's bloody 1973 coup. Pedro Barrientos had emigrated to Florida in 1990, the same year the bloody dictatorship of Gen. Augusto Pinochet came to an end. This year, he was stripped of his U.S. citizenship after it was found he concealed information about his Chilean military service during his immigration proceedings. Jara, a popular singer and university professor, was a fervent supporter of socialist President Salvador Allende. Homeland Security Investigations said that Barrientos was removed Thursday on a flight from Miami and taken into custody by Chilean law enforcement officials upon his arrival in the South American country.

Persons: Victor Jara, Pedro Barrientos, Augusto Pinochet, Jara, Salvador Allende, Pinochet, Allende, Barrientos, Jara’s, Jara's, Joan Turner Jara Organizations: MIAMI, Chilean Army, Joan Turner Jara . Homeland Security Investigations Locations: Florida, Santiago, British, Joan Turner Jara ., Miami

☆ Retailers Are Turning to AI to Get Smarter About Inventory
▼ + stars: | 2023-11-30 | by ( Liz Young | ) www.wsj.com time to read: 1 min

Merchants like Walmart are using technology that takes in everything from weather patterns to social-media trends. Photo: Victor J. Blue/Bloomberg NewsRetailers are turning to artificial intelligence technology to better predict shopper demand and repair supply chains whipsawed by volatile consumer buying patterns during the pandemic. Merchants including Walmart , retail-pharmacy giant Walgreens and online fashion seller ASOS are rolling out the increasingly sophisticated technology that takes in everything from weather patterns to social-media trends to evaluate huge sets of data and guide decisions on where to place inventory.

Persons: Victor J Organizations: Walmart, Bloomberg News Retailers, Merchants, Walgreens

☆ Market vulnerabilities and a possible U.S. recession: Strategists give their cautious predictions for 2024
▼ + stars: | 2023-11-29 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

The market is now largely pricing a peak at the current Fed funds target range of 5.25-5.5%, with interest rate cuts to come next year. watch now"At the outer edges of the economy there is obvious stress that is likely to spread in 2024 with rates at these levels. So it's easy to see how bad levered investments could have been made that would be vulnerable to this higher rate regime." Recession risk 'delayed rather than diminished' In a roundtable event on Tuesday, JPMorgan Asset Management strategists echoed this note of caution, claiming that the risk of a U.S. recession was "delayed rather than diminished" as the impact of higher rates feeds through into the economy. "I think the the key conclusion here is that interest rates do still bite, it's just taking longer this time around," she said.

Persons: Victor J, Jim Reid, David Folkerts, Landau, Reid, Folkerts, GSAM, Karen Ward, it's Organizations: New York Stock Exchange, Blue, Bloomberg, Getty, Monetary, Federal Reserve, Deutsche Bank, Global Economics, Research, Silicon Valley Bank, Goldman Sachs Asset Management, European Central Bank, Fed, ECB, JPMorgan, Management Locations: New York, Washington, U.S, Canada, Brazil, Chile, Hungary, Mexico, Peru, Poland

☆ Black Friday Spending Was Strong. How People Pay for Gifts Is Upending Retailers.
▼ + stars: | 2023-11-26 | by ( Suzanne Kapner | Imani Moise | ) www.wsj.com time to read: 1 min

More shoppers visited stores on Black Friday compared with last year. Photo: Victor J. Blue/Bloomberg NewsRetailers aren’t just having trouble getting shoppers to buy sweaters and other holiday items this season. Store credit cards are also a tougher sell. But the stream is drying up as Americans carry fewer cards and increasingly finance purchases with buy now, pay later providers. Interest rates surpassing 30% on some retailers’ credit cards aren’t helping, according to analysts.

Persons: Victor J, Retailers aren’t Organizations: Bloomberg, Retailers

☆ Joan Jara, Who Found Justice for Husband Slain After Coup, Dies at 96
▼ + stars: | 2023-11-22 | by ( Richard Sandomir | ) www.nytimes.com time to read: +1 min

Joan Jara, a British-born dancer and instructor who dedicated herself to finding justice for her husband, Victor Jara, a popular Chilean folk singer and songwriter who was killed during the military coup d’état that brought Gen. Augusto Pinochet Ugarte to dictatorial power in 1973, died on Nov. 12 in Santiago, Chile. Her death was announced by the Victor Jara Foundation, a human rights initiative she established. Mr. Jara, who was also a theater director and poet, sang about poverty and injustice. Mr. Jara was a visible supporter of Salvador Allende, the Marxist who was elected president of Chile in 1970. On Sept. 11, 1973, the Jaras were at home with their daughters, Manuela and Amanda, listening to Mr. Allende deliver a speech.

Persons: Joan Jara, Victor Jara, Augusto Pinochet Ugarte, Ms, Jara, Pedro Barrientos Núñez, Manifiesto, ”, Mr, Salvador Allende, Manuela, Amanda, Allende Organizations: Victor, Victor Jara Foundation, Justice, Chilean Army Locations: British, Chilean, Santiago , Chile, Chile, Deltona, Fla

☆ Future of Trump’s business empire could be hit by his fraud trial
▼ + stars: | 2023-11-08 | by ( Alicia Wallace | Nicole Goodkind | ) edition.cnn.com time to read: +6 min

Minneapolis CNN —The New York civil fraud trial of former President Donald Trump carries extremely high stakes for the self-proclaimed business mogul. “It’s between severe and seismic” as to the effects on Trump’s businesses, Thomas told CNN on Monday. Early last month, an appeals court judge paused the dissolution process for the duration of the ongoing $250 million fraud trial. A New York judge fined Donald Trump's family business the maximum penalty of $1.6 million for committing tax fraud. “[Trump] has largely been absent from the New York market for a long time,” he said.

Persons: Donald Trump, Trump, Will Thomas, Thomas, Arthur Engoron, Engoron, Victor J, ” Thomas, Adam Leitman Bailey, Bailey, ”, Alina Habba, they’re, “ They’re, Donald Trump's, Angela Weiss, you’re, — that’s, ” Trump, John Coffee, Trump’s, Jonathan Miller, Miller Samuel, ” Miller, it’s Organizations: Minneapolis CNN, The, University of Michigan’s Ross School of Business, “, CNN, Trump Organization, Trump, Bloomberg, Getty, Mar, New York, AFP, Columbia Law School, First Department, Miller Samuel Inc, New Locations: Minneapolis, York, Manhattan, New York, Westchester County , New York, Trump’s Florida, Aberdeen, Scotland, SoHo, New York City, AFP

☆ Starbucks announces higher pay, but union workers will have to bargain for it
▼ + stars: | 2023-11-06 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +7 min

New York CNN —Starbucks employees are getting more pay and new benefits, but some are only going to baristas that haven’t unionized. The question of which workers get what perks and benefits has been one part of a bitter fight between Starbucks and union organizers across the country. Workers who have been at Starbucks for 2-5 years will get a pay bump of at least 4%. “Starbucks has adhered to long-standing legal obligations, which required it to differentiate between unionized or organizing partners and partners in all other stores,” Starbucks spokesperson Rachel Wall said in a statement to CNN Monday. “Withholding benefits from unionized stores is against the law,” said Starbucks Workers United member Alex Yeager in a statement shared by union representatives Monday.

Persons: ” Sara Kelly, ”, Victor J, baristas, Rachel Wall, Alex Yeager, Yeager, “ We’ve, ” Yeager, Joshua Bessex, unionize Organizations: New, New York CNN, Starbucks, National Labor Relations, NLRB, Investments, Workers, Union, Bloomberg, CNN, Starbucks Workers Locations: New York, United States, Buffalo , N.Y, Buffalo , New York

☆ How our stocks fared in the past 10 Novembers, the strongest month for the market
▼ + stars: | 2023-11-02 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

April is the S & P 500's second-best month, with an average gain of 1.5%. Club stocks in November Following up on Wednesday's screen of October outperformers , we analyzed our portfolio using FactSet data to see how it fared recently during the historically strongest month of November. All but two of our stocks — Salesforce (CRM) and Coterra Energy (CTRA) — have had a positive average November performance since 2013. The only monthly decline came in November 2021, when the S & P 500 fell 0.83%. Coterra and Salesforce are the worst-performing Club stocks over the past 10 Novembers.

Persons: Jim Cramer, Jim, —, it's, Locker, Morgan Stanley, PANW, It's, Salesforce, doesn't, Jerome Powell's, Powell, Jim Cramer's, Victor J Organizations: Wall Street, Federal Reserve, Dow Jones, Nasdaq, Stock Traders, Coterra Energy, Nvidia, FL, Palo Alto Networks, Starbucks, Palo, GE Healthcare, steadiest Club, Costco Wholesale, Costco, Jim Cramer's Charitable, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: U.S, Palo

☆ Victor Jara killing: Suspect and Chilean national Pedro Barrientos is in custody after his US citizenship was revoked
▼ + stars: | 2023-10-11 | by ( Andy Rose | ) edition.cnn.com time to read: +2 min

CNN —A Chilean national who’s been wanted in that country in the killing of leftist singer-songwriter Victor Jara 50 years ago is now in custody in Florida, US Immigration and Customs Enforcement said. Pedro Barrientos was arrested last week during a traffic stop in Deltona, Florida, ICE announced Tuesday. Barrientos, a former military officer, was charged by a Chilean judge in 2012 in the brutal 1973 killing of Jara. Chilean singer Victor Jara was tortured and killed during the country's military dictatorship in 1973. Victor Jara, a popular folk musician, was among the most famous victims.”Demonstrators carry a flag with Victor Jara's image during a protest against the Chilean government in January 2020.

Persons: CNN —, who’s, Victor Jara, Pedro Barrientos, Barrientos, Jara, “ Barrientos, ”, John Condon, Augusto Pinochet, Salvador Allende, “, Victor Jara's, Marcelo Hernandez Organizations: CNN, Customs Enforcement, ICE, ICE’s Homeland Security Investigations Tampa, Reuters, Getty Locations: Florida, Deltona , Florida, Chilean, Chile

☆ We're adjusting our price target on TJX Companies following a stellar quarter
▼ + stars: | 2023-08-16 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

TJX Companies ' (TJX) stronger-than-expected fiscal year 2024 second-quarter results on Wednesday demonstrate the off-price retailer's ability to offer value to consumers no matter the economic climate, prompting us to raise our price target on the stock. Operating cash flow more than tripled analysts' forecasts, while same-store sales growth was double what analysts had predicted. As a result, we're raising our price target on TJX stock to $100 a share, up from $88. TJX YTD line TJX Companies (TJX) year-to-date performance. Notably, management said Wednesday that both comparable-store sales growth and customer traffic improved sequentially each month of its fiscal second quarter.

Persons: —, TJX, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Refinitiv, Marshalls, Management, TJX, CNBC, TJ Maxx, Blue, Bloomberg, Getty Locations: Maxx, Canada, New York, U.S

☆ Here's what the bears are missing, and why there's still money to be made in this bull market
▼ + stars: | 2023-07-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

We know there are so many reasons why this bull market has eluded so many. It's sudden broadening into health care, transports and financials just when we were told the bull was slain by its lack of breadth. I hope readers here know that I felt that only by tuning out the Fed could you make maximum money in the market. You simply had to ignore the verbiage, block out the gasbags who simply failed to see the two-staged bull market right in front of them. Needless to say, if you needed any evidence that we are in a bull market, the rally in that dog may be enough to make the prosecution rest.

Persons: Jerome Powell's, Powell, It's, Joe Biden's, Powell's, that's, Larry Fink, DR Horton, Powell didn't, IPOs, David Solomon's, Goldman Sachs, Barbie, Oppenheimer, Steve Squeri, Squeri, Jeff Marks, Jeff, Johnson, Elliott Management's, Lauder, Jackson, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Federal, Dow, Taiwan Semiconductor Manufacturing Company, AS, Blackrock, DR, Western Alliance, FTC, Federal Trade Commission, Justice Department, Club, Microsoft, Activision, American Express, DuPont, Constellation Brands, Disney, Fed, Jim Cramer's Charitable, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: Washington, IPOs, Cava, Wyoming

☆ They don’t act or write, but the Hollywood strikes are putting them out of work
▼ + stars: | 2023-07-22 | by ( Natasha Chen | ) edition.cnn.com time to read: +8 min

Elyea, and other small business owners have told CNN about the various ways they’re getting through the dry spell: cutting hours, laying off staff, or temporarily closing their doors. And you know, don’t be buying cars having to make big car payments, and don’t be making big plans with money you don’t have,” she told them. “I know I can get through it, but it takes years to recover,” Levelle told CNN in early July. Natalia Lopez told CNN in June that without her $20.74 per hour wage, she had shifted her grocery list to just basics, like rice and beans. Cendejas told CNN the studios should recognize the people essential at every level to get the work done.

Persons: Los Angeles CNN —, Milken, Remy De La Mora, Patrick Gallagher, Oppenheimer, Pam, Pam Elyea, she’s, ” Elyea, don’t, Pam Elyea Elyea, She’s, “, Elyea’s, Corri Levelle, Sandy Rose Floral, Natasha Chen, CNN Corri Levelle, ” Levelle, ”, Natalia Lopez, Lopez, Yolanda Cendejas, Cendejas, ” Yolanda Cendejas, CNN Cendejas, ” Cendejas, Chester Massetti, Victor Jr’s, you’re, ” Massetti, Massetti, Rosie Blosser, ” Blosser, Blosser Organizations: Los Angeles CNN, Hollywood, Writers Guild of America, SAG, Global, Hire, CNN, WGA, Sandy, SEIU United Service Workers, SEIU, Sony Studios, Amazon Studios, Paramount Studios, Culver City, Warner Bros, Washington, Apple, Warner Bros . Locations: North Hollywood, Los Angeles, Culver City, Culver, Burbank , CA

☆ Cramer: The Cassandras are wrong about the market (again) — here's why I'm upbeat
▼ + stars: | 2023-07-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

The impossibility of any company doing anything right, or as right as the market seems to judge, serves as the only homily worth offering. You simply don't land at all. Of course, the biggest worry to this market is its two-tiered nature: The mega-cap techs versus all the rest. 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.

Persons: Warren Buffett, It's, Jerome Powell's, Alan Greenspan, Ben Bernanke, Powell, deride Powell, —, it's, Wells, Vin Diesel, he'll, Goldman Sachs, Amy Hood, Tim Cook's, Mark Zuckerberg's pickleball, Clive Cussler, Stephen King, Lina Khan's, Jonathan Kanter, Khan, Morgan, let's, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Apple, Wells, JPMorgan, PepsiCo, Treasury, Bank of America, Microsoft, Activision Blizzard, Nvidia, Intel, Devices, Colgate, Federal Trade, Activision, Justice Department, sycophantic, Fed, Jim Cramer's Charitable, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: People's Republic of China, China, Wells Fargo, America, New York

☆ Economic Optimism Powers Stocks’ Robust First-Half Rally
▼ + stars: | 2023-07-01 | by ( Matt Grossman | ) www.wsj.com time to read: 1 min

The tech-centric Nasdaq Composite climbed Friday, sealing a 32% gain since the end of 2022. Photo: Victor J. Blue/Bloomberg NewsModest daily stock gains cinched a strong six months on Wall Street, fueled by investors’ optimism that inflation is easing while the economy continues to hum. Fresh spending data added momentum on Friday, showing milder core-price increases in May compared with a month earlier, while consumer outlays continued to rise. The data lifted major stock indexes on a day of calm trading, rounding out the Nasdaq Composite’s best first half of a year in four decades.

Persons: Victor J, outlays Organizations: Bloomberg, Nasdaq

☆ How our retail stocks are battling a rise in theft — and why they are set up to win
▼ + stars: | 2023-06-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

Many retailers are grappling with a rise in theft at their stores that is cutting into profits. Most losses were attributed to organized retail crime, employee theft and process-control failures. While theft is an industry-wide phenomenon, the shrink headwind appeared to have more of a material impact among discount retailers. Off-price retailer TJX Companies (TJX) also cited shrink as a headwind to gross margins in its latest results . At its stores, TJX has also made efforts to better secure expensive merchandise by putting it behind locked cases and using more innovative tagging.

Persons: —, hasn't, Jim Cramer's, Locker, Dana Telsey, TJX, Tom Nikic, Foot Locker, Nikic, Wedbush, Jim, Mary Dillon's, Rich Galanti, We've, Telsey, they're, Jim Cramer, Victor J Organizations: National Retail Federation, UBS, TJX Companies, Costco, Telsey Advisory, CNBC, TAG, Wedbush, Management, TJ Maxx, Blue, Bloomberg, Getty Locations: FL, New York, U.S

☆ The recycling idea at Levi's, Adidas, Zara to stop trillions in fast fashion from going to waste
▼ + stars: | 2023-06-11 | by ( Carolyn Chun | ) www.cnbc.com time to read: +8 min

The multi-trillion dollar fashion industry contributes significant greenhouse gas emissions, between 8% to 10% of total global emissions, according to the United Nations. With the majority of textiles in the fashion industry blended, it is harder to recycle one fiber without harming another. Spinnova partnered with the world's largest pulp and paper company this year, Suzano, to turn wood and waste into recycled textile fiber. Textile waste, by some measures, is a bigger issue than plastics waste, and it has a similar problem. Late last year it worked on a limited collection with fast fashion clothing giant — and consumer consumption flashpoint — Zara, using its recycled textile waste material.

Persons: LEVI, Alexander Donka, Paul Dillinger, Levi Strauss, Spinnova, Chloe Songer, Songer, Victor J, Levi's Levi Strauss, Dillinger, You've, we're, —, Stacy Flynn, Flynn, Levi's, Stella McCartney, — Zara Organizations: McKinsey, United Nations, McKinsey Sustainability, Co, Shoppers, Blue, Bloomberg, Getty, Adidas, CNBC Locations: Sweden, Africa, Zara, New York

☆ Buybacks are a great tool to reward shareholders — but the timing has to be right
▼ + stars: | 2023-05-21 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Now, as all good businesses do, it comes time for XYZ to start returning cash to its shareholders. Of course, for a buyback to make financial sense for a company, shares need to be purchased at an appropriate price. Assume that XYZ Corp. generated $10 billion in sales with a 10% net profit margin and has 1 billion shares outstanding, resulting in EPS of $1. The structure aligns management with shareholders, as their compensation is tied to the success of the company and, therefore, the stock. While that's a net positive for shareholders, it's not the same as, say, Apple' s (AAPL) approach to buybacks.

☆ Discount retail operator TJX shows it can deliver profits in a slowing economy
▼ + stars: | 2023-05-17 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Of course, as management noted Wednesday, they were also able to put the right items in the right stores at the right time. The operating environment undoubtedly remains uncertain for the retail industry, with consumers increasingly cost conscious amid a slowing economy. Quarterly results Fiscal first-quarter SSS rose 3% year-over-year, matching the high end of the 2% to 3% guidance range management provided the prior quarter. That was driven by a 5% same-store-sales increase at Marmaxx, a 1% increase at TJX Canada and 4% advance at TJX International. On a constant currency basis, sales at TJX Canada were up 3% year-over-year, while sales at TJX International — which includes operations in Europe and Australia — were up 5% annually.

☆ Verizon Cuts Number of Unlimited Data Plans It Offers From Six to Two
▼ + stars: | 2023-05-16 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Verizon, the largest U.S. wireless carrier by subscribers, said the new plans will be available starting Thursday. Photo: Victor J. Blue/Bloomberg NewsVerizon is trimming the cost and number of its wireless plans, hoping that making them less confusing will attract customers it has been losing to rivals. The largest U.S. wireless carrier by subscribers on Tuesday said it is reducing its lineup of unlimited mobile plans from six to two, a move that executives said is meant to simplify customers’ options. Essentially it is dropping its most expensive data plans.

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