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Constellation Brands has an upper hand in a battle for coveted — but shrinking — territory in stores, according to new Wall Street research. In fact, displays provide more of a lift to sales than shelf-space gains for brands, Jefferies analysts said. STZ 5Y mountain Constellation Brands' stock performance over the past five years. We have a buy-it-here 1 rating on Constellation Brands and a price target of $300, implying about 14% upside from Friday's close. Constellation Brands' Corona Light is displayed for sale at a grocery store in New York.
Persons: Jefferies, Molson Coors, we've, , Jim Cramer, Eli Lilly, Jim, Elliott, Jim Cramer's, Scott Eells Organizations: Constellation Brands, Modelo, Pacifico, Jefferies, Anheuser, Busch InBev, Molson, Boston Beer, Club, Investing Club, Elliott Management, CNBC, Bloomberg, Getty Locations: Corona, Victoria, U.S, New York
Read previewLast month, two US Air Force fighter jets battled in the skies above California in an intense dogfight. AdvertisementCol. James Valpiani, Air Force Test Pilot School commandant, provides final points of instruction to Secretary of the Air Force Frank Kendall during his visit to Edwards Air Force, California, May 2. But throughout all of this, the AI pilot, named Hivemind, has been maturing quicker than expected. The X-62 Variable In-Flight Simulator Test Aircraft (VISTA) flies in the skies over Edwards Air Force Base, California, Aug. 26, 2022. Footage from the real-world test of a dogfight between an AI-controlled fighter and a manned fighter.
Persons: , James Valpiani, Frank, Kendall, Valpiani, Frank Kendall, It's, Ryan Tseng, Tseng, Air Force Frank Kendall, James West Tseng, Ryan Hefron, Hefron, Kyle Brasier, Giancarlo Casem Organizations: Service, US Air Force, Air Force, Defense, Research, Business, An Air Force, Air, Edwards Air Force Base, U.S . Air Force, Edwards Air Base, United States Air Force, Edwards Air Force, DOD, DARPA, Shield, Aircraft, USAF, Israel Defense Forces, DoD Locations: California, Calif, China, Gaza
That's pushed tech heavyweights and Club names such as Apple , Nvidia , Microsoft and Broadcom higher and the S & P 500 to record highs along with them. The market-cap weighted S & P 500, which we report on all time, has gained more than 4% since May 30. But, a version of the index that assigns each company the same influence, known as the S & P 500 Equal-Weight , has advanced only around 1%. The divergence helps explain why our trusted momentum indicator, the S & P Short Range Oscillator , has been closer to oversold territory than overbought during the run higher. Recent years haven't been so kind to them, with the stock underperforming the S & P 500 considerably over the past three years.
Persons: That's, Morgan Stanley, Wells, Banks, Abbott, We've, Lingo, Stanley Black, Decker, DuPont, DuPont —, Ed Breen, Lori Koch, Vimal Kapur, Jim Cramer, Darius Adamczyk, haven't, Jim Cramer's, Jim, Johannes Eisele Organizations: Apple, Nvidia, Microsoft, Broadcom, Wall Street, Federal, Abbott, Abbott Labs, Mizuho Securities, DuPont, Honeywell, Systems, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Wall, Afp, Getty Locations: Dover, Wells Fargo, Missouri, Abbott's, U.S, Decker, New York City
CNBC Daily Open: Boeing's 'moment of reckoning'
  + stars: | 2024-06-18 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Immigrants, jobs and inflationImmigration has helped the U.S. job market sustain a strong run in recent months without reigniting inflation, economists and analysts say. This dynamic — a hot job market and cooling inflation — is in part the result of increased inflows of immigrants. The conglomerate sold 1.3 million shares for $39.8 million, reducing its holding to 6.9%. [PRO] S&P 500 to hit 6,000Evercore ISI predicts the stock market will soar to unprecedented heights, setting a new year-end target for the S&P 500 at a record 6,000.
Persons: Neel Kashkari, CNBC's Rebecca Picciotto, Ryan Cohen, Keith Gill, Matthew Bartolini, Berkshire Hathaway, Charlie Munger, Tesla Organizations: CNBC, Microsoft, Apple, Nasdaq, Dow Jones, Minneapolis Federal, GameStop, Fund, Nvidia, SPDR Locations: U.S, SPDR Americas, Berkshire, BYD
The 2023-24 Boston Celtics, newly crowned champions of the NBA, are a case in point. GO DEEPER Celtics beat Mavs, win 18th NBA championshipBut no team in Celtics history had to work to make it happen the way these guys did. THE BOSTON CELTICS ARE NBA CHAMPIONS 🏆🍀 pic.twitter.com/10iSWsN91P — The Players' Tribune (@PlayersTribune) June 18, 2024But the 2023-24 Celtics were more than those guys, even if those guys were the stars. Yes, the Celtics seemed poised to register a four-game NBA Finals sweep of the Mavericks until being blown out in Game 4 in Dallas. Celtics coach Joe Mazzulla kept saying, in so many words, “Don’t worry.” The result was an epic Garden party Monday night.
Persons: BOSTON — Long, Red Auerbach, Hoyo, Jayson Tatum, Paul Pierce, Brown, Larry Bird, Bob Cousy, Mavs, Tatum Organizations: BOSTON, Boston Celtics, Monterrey, NBA, Dallas Mavericks, Celtics, Miami, Eastern Conference, THE BOSTON CELTICS
Opinion: European soccer’s latest racism row
  + stars: | 2024-06-16 | by ( Opinion Keith Magee | ) edition.cnn.com   time to read: +9 min
CNN —On Sunday, England will face Serbia in its first game of the Euro 2024 championship, hosted by Germany. Since then, the FA, the European football association UEFA and FIFA , the sport’s international governing body, have visibly upped their anti-racism game. One might conclude, for instance, that Monday’s court decision in Spain meting out prison sentences to three Valencia fans for hurling racial insults, is evidence of European soccer’s new, tougher line against racism. Saka knows UEFA observers will be on duty at every Euro 2024 match and will be on the lookout for racist incidents. I see it as an attempt by professionals who should know better to make a Black player carry the can for a disappointing performance by the whole team.
Persons: Keith Magee, Keith Magee Arron, — Marcus Rashford, Jadon Sancho, Prince William, , Vinícius Júnior, Julian Finney, , Saka, Carl Recine, Ian Wright, ” Sir Lewis Hamilton, vilifying, Tony Burnett, ” Burnett Organizations: University College London Institute for Innovation, Newcastle University Law School, CNN, Germany, England’s Football Association, FA, European, UEFA, FIFA, Valencia, Wembley, Getty, Sunday’s, Serbia, England, Iceland, Versus, Conservative, Daily Sun, The Telegraph, Daily Star, BBC Locations: England, Serbia, Italy, Spain, Iceland, London, Germany, Europe
CNN —On the western slopes of the Andes in Ecuador, John L. Clark, a research botanist at Florida’s Marie Selby Botanical Gardens, happened upon what he calls a miracle. That he could see it at all, nestled there on a moss-covered rock in a remnant patch of untouched land, was impressive. Back in the lab, Clark and his team confirmed that the little plant was a species new to science, and he and his team named it Amalophyllon miraculum. That’s why we decided to call it miraculum,” research botanist John L. Clark said. To an untrained eye, it’s nearly impossible to see the plant about which he’s so excited.)
Persons: John L, Clark, , they’re, Clark “, Laurence Skog, Martin Schaefer, ” Schaefer, E.O, Wilson, , , ” Clark, Schaefer, Amanda Schupak Organizations: CNN, Marie, Marie Selby Botanical, Smithsonian Institution’s National, of, Jocotoco Conservation Foundation Locations: Ecuador, Marie Selby, Centinela, Washington , DC, Western Ecuador, New York City
Among opposite same-sex couples, about a third are between 25 and 44, while it's 42% for married same-sex couples. Same-sex couples are much more likely to be interracial than opposite-sex couples — 32.2% of same-sex couples are interracial, compared to 18.6% of married opposite-sex couples and 28.6% of unmarried opposite-sex couples. For married same-sex couples, this number jumps to $123,500, compared to $109,700 for married opposite-sex couples. Unmarried same-sex couples own just 48.7% of the time, slightly above 47.9% of unmarried opposite-sex couples. In nearly two-thirds of same-sex couples, both partners are working, though this drops to 61.9% for married same-sex couples.
Persons: Organizations: Service, Survey, Business, Brookings, American, Gay, Gallup Locations: America, DC, Vermont, Massachusetts, Washington, California, Texas
Like so many speculative growth ETFs and stocks, the S & P SPDR Biotech (XBI) ETF is nowhere close to its former all-time high from early 2021. Even though the ETF now is up considerably from that point, many traders still have wanted nothing to do with it. We can understand why, especially when so many other stocks surpassed their respective former highs many months ago. The vertical blue lines depict when the 50-DMA crossing OVER the 200-DMA led to strong and extended upside follow through. It's been a challenging few years for XBI, but as these charts show, the blueprint for a continued comeback is there.
Persons: It's, XBI, Frank Cappelleri Organizations: SPDR Biotech Locations: Nasdaq
What Gen Z gets wrong about work
  + stars: | 2024-06-10 | by ( Clay Routledge | ) www.businessinsider.com   time to read: +11 min
Gen Z wants to talk about mental health. In a 2023 survey of nearly 3,000 people, Gen Z was almost twice as likely as other generations to say they struggled with their mental health. Related storiesA healthy work environment is one where people feel supported and encouraged to do meaningful work — not one that fixates on their mental health. What does have a tangible impact on people's well-being at work is whether they find their work meaningful. Instead, employers should ensure their staff have access to mental-health care while building a positive culture that promotes meaningful work.
Persons: Z, Gen Z, Gen Zers, Selena Gomez, Simone Biles, Demi Lovato, they've, They've, Mercer, isn't, Gallup, Severance, it's, There's, I've, Clay Routledge Organizations: US Chamber of Commerce, American Psychiatric Association, CVS, Harris, CNN, National Alliance, Mental, Workers, Research, Archbridge Institute
Emerging markets investors have had a bumpy week after surprising election results seem to have caught at least some traders off guard. Between now and Nov. 5 are almost all negative potential risks in Mexico," Joshi added. Elsewhere in the world There are other lingering political issues that could affect emerging market investing. And for investors in broad emerging markets funds, even positive developments in some of these countries can be overshadowed by what happens in China. "It's a very large weight so it's going to drive the emerging market index quite a bit.
Persons: Narendra Modi, Modi, Aastha Gudwani, Angus Shillington, Shillington, Adam Turnquist, We've, Turnquist, Claudia Sheinbaum, Andres Manual Lopez, Morgan Stanley's Nikolaj Lippmann, Arif Joshi, Joshi, Sheinbaum, Lopez, Claudia, Polina Kurdyavko, Javier Milei, Alejandra Grindal, Ned Davis, Grindal, — CNBC's Michael Bloom Organizations: Indian, Bank of America India, CNBC, LPL, Lazard Asset, RBC Global Asset Management, Ned, Ned Davis Research, Federal Reserve Locations: India, Mexico, South Asia, VanEck, U.S, Morena, South Africa, Argentina, China
Reform UK party leader Nigel Farage walks to speak to supporters as he launches his election candidacy at Clacton Pier on June 4, 2024 in Clacton-on-Sea, England. Labour is expected to win 40% of votes to the Conservatives' 19% and Reform's 17%, the online polling showed. Farage's surprise return as Reform leader on Monday dealt a deadly blow to the party, threatening to steal a significant share of votes on the right. In the 2019 election, his then-Brexit Party agreed not to field candidates in hundreds of seats to safeguard a Conservative win. The announcement hurts Sunak's earlier efforts to win right-wing votes by hardening the Tories' stance on migration and the U.K.'s membership of the European Convention on Human Rights.
Persons: Nigel Farage, Rishi Sunak's, Farage, Organizations: Clacton Pier, Reform, Sky News, Labour, Conservatives, Conservative, Brexit, Tories, Brexit Party, European, Human Rights Locations: Clacton, England, London
Researchers studying ancient Neanderthal DNA found traces of three viruses that cause colds, cold sores, genital warts, and cancer. And ancient humans might have been the ones who started spreading these bugs, according to the scientists who recently published their work in the peer-reviewed journal "Viruses." This isn't the first time researchers have found inert (no longer infectious) ancient human viruses. That means tools used to study ancient human DNA might not work for viruses, Sally Wasef, a paleogenetics researcher at Queensland University of Technology, told New Scientist. Massilani also had some concerns with how the researchers were interpreting the ancient DNA.
Persons: , Marcelo Briones, Chemnitz State Museum of Archaeology Hendrik Schmidt, papillomavirus, Briones, Sasha Tabachnikova, Epstein, Barr, wasn't, Sally Wasef, Massilani Organizations: Service, Business, Chemnitz State Museum of Archaeology, Getty, Yale School of Medicine, Yale, Queensland University of Technology, New Locations: Chemnitz, Chagyrskaya Cave, Southern Siberia, Briones, Siberia
The result is that class A units account for more than half the apartment market, compared with one-third in the early 2000s, according to Moody's Analytics. High-end apartments that offer amenities up the wazoo — and rent breaks, to boot — represent a tantalizing alternative to the for-sale market right now. But as with all good things, the golden age for America's wealthy renters must also come to an end. Nations told me she still hoped to buy a home one day. "I know how challenging it is to rent in Nashville, especially on your own," Nations told me.
Persons: Emily Nations, she's, Nicole Bachaud, Rich, Joel Sanders, Sanders, Doug Ressler, David Brasington, Ressler, they're, Organizations: Trinity, cabana, Nations, Analytics, University of Cincinnati, Census Locations: Nashville, downtown, Nations, New York, Salt Lake City, Atlanta, America, Houston, Austin, Phoenix, Charlotte, North Carolina, Raleigh , North Carolina, Tampa , Florida
This story is available exclusively to Business Insider subscribers. But the dread was affecting my mental health and the pregnancy as a whole. Related storiesSo, at around five months pregnant, I was assessed by a perinatal mental health team from the National Health Service (NHS.) Courtesy of Jemma SmithI told the mental health counselor that I saw childbirth as a giant mountain. AdvertisementDo you have a powerful story about a health condition that you'd like to share with Business Insider?
Persons: , Jemma Smith, we'd, I'd, tokophobia, Smith, She'd Organizations: Service, Business, National Health Service
Recent weakness in the homebuilders, which are dependent on the consumer, suggests that they may be heading in the direction of the discretionary sector. This suggests that XHB is likely to revisit the bottom of the trading range and potentially break below it. This weakness suggests that it will revisit the $140 support level and potentially break lower, especially as momentum has recently turned negative. So I'm going to use the June 28 weekly expiration and buy the $145/$135 put vertical at a $3.82 debit. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: XHB, DHI Organizations: DR Horton
The meeting is part of the Republicans' impeachment inquiry into President Joe Biden. The co-chairman of a super PAC supporting Robert F. Kennedy, Jr.'s presidential campaign announced plans Tuesday to publish a tell-all memoir this summer by an Arkansas woman who had a child with Hunter Biden, the youngest son of President Joe Biden. "Out of the Shadows: My Life Inside the Wild World of Hunter Biden" is written by Lunden Roberts, who gave birth to Hunter Biden's daughter in 2018. Roberts' memoir will be published by Skyhorse Publishing, a company whose president, Tony Lyons, is a co-founder of the pro-Kennedy super PAC American Values 2024. Lyons said a press release that Roberts' memoir contains "revelations that could well impact the outcome of the 2024 election."
Persons: Hunter Biden, Joe Biden, Robert F, Kennedy, Jr, Lunden Roberts, Hunter Biden's, Biden —, , Roberts, Biden, Tony Lyons, AV24, Lyons, Skyhorse, Alex Jones, Sen, Ted Cruz, Donald Trump, Nancy Pelosi Organizations: Skyhorse Publishing, Kennedy, Skyhorse, PAC, CNBC, Democratic, Calif, Republican, NBC Locations: O'Neill, Washington ,, Arkansas, Texas, Iraq
But while retirees might imagine spending their golden years full of pasta and palazzos, the realities of moving abroad are much less romantic. He didn’t think retiring abroad was feasible. Packing up shopAs America’s retirement crisis grows, so too does the dream of retiring abroad. “People need to think about estate planning, which is often different abroad,” said Brett Spencer, the founder of Impact Financial, a financial advisory firm that specializes in Americans living abroad. I think that’s the reality that a lot of people probably aren’t prepared for,” said Peddicord, who splits her time with her husband between Paris and Panama City, Panama.
Persons: Laura Barnett, She’s, Chris, Chris Barnett, didn’t, Laura, , We’ve, , ” Chris, there’s, won’t, It’s, Brett Spencer, ” Spencer, he’s, Italy Patience Dunbar, Charles Ippoliti, Patience Dunbar Patience Dunbar, Charles, they’ve, Patience, Giorgia, We’re, you’ll, Kathleen Peddicord, Peddicord, don’t, Jacki Dahl, Bill Dahl, Bill Organizations: New, New York CNN, US Department of Defense, CNN, Gallup, Social, Impact, Invest Overseas, , , Rocky, Expiatorio Locations: New York, Kentucky, Poitiers, France, Fayetteville , North Carolina, Portugal, Aveiro, Europe, Monmouth, Italy, Arona, Milan, Oregon, Kansas, United States, Paris, Panama City, Panama, States, Reno, Guadalajara, Mexico,
Black voters will not only be a driving force in the 2024 elections; they will most likely be the driving force. One way he could do it is by talking to Black America, especially young Black voters, about a sleeper issue: the climate crisis. Democratic strategists seem to see climate change as a key political issue only for white liberal elites and assume that other groups, like Black voters, are either unaware of or apathetic about it. In reality, Black Americans are growing increasingly concerned about climate change. A poll conducted by the Brookings Institution last September showed that climate change is now a greater political concern for Black Americans than abortion or the state of democracy.
Persons: Donald Trump, Biden Organizations: Democratic, Black, CBS News, Brookings Institution Locations: Black America
A doctor said healthy food plans can help address high healthcare costs and chronic illness rates. Providing personalized recommendations for healthy food — along with information on how to prepare it and the resources to afford it — is fast becoming a trend in preventive healthcare. Healthy food can be hard to access and may not always fit the culinary traditions and eating habits people grew up with. "People think that a healthy diet has to cost more, a lot of the staples of a healthy diet are very inexpensive," he said. Cruciferous veggies are some of the most nutritious foods because they're high in antioxidants, which may help protect against cancer.
Persons: , Dexter Shurney, Shurney, Maya Garcia, who'd, Garcia, I've, they've, it's, Green, Cruciferous, we're, chia Organizations: Healthcare, Service, US Department of Health, Human Services, SNAP Locations: Foodsmart, Chicago
"I have friends that say that TikTok Shop has ruined the app," Casey Lewis, a trends researcher, said. "It can be good — especially as TikTok moves to TikTok Shop — if they're able to capitalize on this shift and sell products more effectively to older users." Just because something is going viral on TikTok doesn't necessarily mean Gen Z is behind it. The same could be said of Gen Z, which would explain the generations' shared fascination with a time before smartphones and round-the-clock news. The Gen Z users I spoke with didn't seem particularly concerned about an influx of olds.
Persons: Keara Sullivan, Zers, Rushmore, Sullivan, Ryan Broderick, Adam Bumas, Broderick, TikTok, , Cory Doctorow, it's, Kevin Munger, Doctorow, Casey Lewis, Lewis hasn't, Gen Zers, Jonathan Gelfond, Taylor Lorenz, Lorenz, Munger, Gen Z, Lewis, Stanley, Alpha, Zers —, Gen Alpha, hasn't, millennials, Jason Parham, Leslie Horn Petersen, she's, Gen, didn't, I've, Emilie Friedlander Organizations: New, Pew Research Center, Facebook, Senate, Microsoft, Penn State, Little League, Business, QVC, UC Santa Barbara, The Washington Post, YouTube Locations: New York, tfym, millennials, Brooklyn, Philadelphia
And yet, consumer sentiment recently sank to a six-month low. That disconnect is what Joyce Chang, JPMorgan's chair of global research, calls a "vibecession." On the flip side, the combination of higher interest rates and inflation have hit working-class Americans particularly hard. Many of these households have exhausted their savings and are now leaning on credit cards to make ends meet. "Every client we've been talking to over the last several months has brought up the concern of, they're worried about inflation, worried they can't spend money," Garcia said.
Persons: Joyce Chang, JPMorgan's, Chang, that's, Courtney Garcia, they're, Garcia Organizations: Federal, CNBC, Payne Capital Management Locations: U.S
Senator Chuck Schumer, Democrat of New York and the majority leader, plans next month to fast-track a Senate vote on a bill to protect access to contraception nationwide, the start of an election-year push to highlight Republicans’ record of opposing reproductive rights that voters view as at risk of being stripped away. The Right to Contraception Act is expected to be blocked in the closely divided Senate, where most Republicans are against it. But a vote on the bill is a crucial plank of Democrats’ strategy as they seek to protect their majority in the Senate, in part by forcing G.O.P. Access to contraception is a constitutional right regarded by many voters as possibly the next to go after the Supreme Court’s overturning of Roe v. Wade. Glenn Youngkin, a Republican, vetoed legislation to protect access to contraception.
Persons: Chuck Schumer, Roe, Wade, Glenn Youngkin Organizations: Gov, Republican Locations: New York, Virginia
Opinion | Who’s in More Trouble: Israel or Iran?
  + stars: | 2024-05-21 | by ( Bret Stephens | ) www.nytimes.com   time to read: +1 min
An astute friend recently observed that today’s crisis in the Middle East boils down to one question about two dates: Which historic moment is likelier to be reversed: 1948 or 1979? The dates are references to the creation of the state of Israel and, 31 years later, the Iranian revolution. Recent days have brought two potential vehicles for their downfall into focus. There was, first, the announcement from Karim Khan, the International Criminal Court’s prosecutor, that he would apply for arrest warrants against Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant of Israel. The decision is unlikely to ever lead to any arrests, much less to criminal convictions: The Biden administration has already denounced the decision, and even countries less friendly to Israel are unlikely to arrest the leader of a nation with nuclear weapons and a powerful intelligence agency.
Persons: Karim Khan, Benjamin Netanyahu, Yoav Gallant, Israel, Biden Organizations: Criminal Locations: Israel
President Joe Biden and Democrats have tried unsuccessfully to restore nationwide abortion rights since the Supreme Court issued its landmark reversal of Roe in 2022. AdvertisementHogan's position makes him one of the few prominent Republicans to support abortion rights. When he first announced his Senate run, Hogan initially said he needed to think more about his position on abortion rights. Democrats have already placed abortion rights on the Florida ballot this November. No Republican Senate is going to make a serious effort to codify Roe, given the party's near-universal support to restrict abortion rights.
Persons: , Larry Hogan, Roe, Hogan, Wade, he's, Joe Biden, Angela Alsbrooks, Alsobrooks, David Trone, Susan Collins of, Lisa Murkowski, codifying Roe, Donald Trump, Mitch McConnell, Court's Dodds, hasn't, it's, Trump Organizations: Service, Maryland Gov, GOP, Democrats, Business, Prince, Wine, Republicans, Press, Senate, Biden, Republican Senate Locations: Prince George's County, Susan Collins of Maine, Alaska, Maryland, Florida, Arizona
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