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☆ Here are Wednesday's biggest analyst calls: Apple, Nvidia, Salesforce, Dell, Microsoft, Snap, McDonald's & more
▼ + stars: | 2024-02-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by Apple amid reports the company canceled its car project. Barclays reiterates Microsoft as overweight Barclays says investments made in advertising is a "$50 billion opportunity" for Microsoft. Goldman Sachs reiterates Salesforce as buy Goldman said it sees "upside" heading into Salesforce earnings Wednesday afternoon. Barclays initiates Weatherford as overweight Barclays says the oil services company is a "reborn industry player." Barclays upgrades Ecolab as overweight from equal weight Barclays says it has "strong visibility" for the food safety company.

Persons: Smucker, Stifel, DELL, Morgan Stanley, Apple, it's, NVDA, Goldman Sachs, Goldman, FSLR, Salesforce, Raymond James, Bernstein, Stellantis, Cantor Fitzgerald, Cantor, KBW, it's bullish, Guggenheim, McDonald's, Craig, Hallum Organizations: Apple, Barclays, Microsoft, U.S, " Bank of America, Nvidia, Bank of America, Constellation Energy, JPMorgan, Apollo, JMP, Weatherford, Bright, Holdings Locations: J.M, CY2026, Europe, UK, China, India, CEG

☆ Amazon Is Shutting Down Its Clothing Stores
▼ + stars: | 2023-11-03 | by ( Sebastian Herrera | ) www.wsj.com time to read: 1 min

The first Amazon Style store opened last year in Glendale, Calif. Photo: Greg Montijo/Associated PressAmazon .com is closing its physical clothing stores, ending a brief attempt to bring its fashion offerings to bricks-and-mortar spaces. The company said Thursday that it is shutting down the two “Amazon Style” locations that are located in Glendale, Calif., and Columbus, Ohio. The move follows closings of other Amazon outlets including bookstores and specialty retail stores. The company has concentrated its physical store ambitions on its grocery outlets, including Amazon Fresh stores and Whole Foods Market.

Persons: Greg Montijo Organizations: Associated Press, Amazon, Foods Locations: Glendale , Calif, Columbus , Ohio

☆ I visited 4 Subway locations and saw firsthand what challenges its new owners will face. I found stale bread, bad tuna, and outdated, dirty restaurants.
▼ + stars: | 2023-09-01 | by ( Nancy Luna | ) www.businessinsider.com time to read: +9 min

We visited four Subway in Southern California to figure out how Roark can fix the brand. So I visited four Subway stores near my Southern California home. It is one of hundreds of Subway stores that have been remodeled over the years. In 2021, The New York Times conducted its lab test and published a report stating that it found no tuna DNA in Subway tuna sandwiches. I ordered the tuna sandwich at a Subway in Santa Ana, California, an aging stand-alone store in a former adobe-style Taco Bell building.

Persons: Roark, Dunkin, Fred DeLuca, Jared Fogle, It's, haven't, Nancy Luna, Burger King, —, Tim Powell, Powell Organizations: Roark Capital, Buffalo Wild Wings, Service, Subway, Royce, Owners, The New York Times, Chapman University Locations: Southern California, Wall, Silicon, Jersey, North America, Miami, Orange , California, Santa Ana , California, Orange

☆ Nearly all Americans cut back on spending due to inflation, CNBC survey finds
▼ + stars: | 2023-06-14 | by ( Courtney Reagan | ) www.cnbc.com time to read: +3 min

Nearly all Americans are cutting back on their spending in some way, according to a new CNBC and Morning Consult survey. Of the survey respondents, 92% of middle-income Americans — or those who make between $50,000 and $100,000 a year — reported being "somewhat" or "very" worried about higher prices. "Customers continue to seek value given the impact of inflation," Walmart CEO Doug McMillon said on the retailer's first-quarter earnings call. Spending at value-oriented grocery stores in May outpaced spending in the overall grocery segment, according to Bank of America aggregated credit and debit card spending data. The CNBC and Morning Consult survey was conducted online earlier this month and polled more than 4,400 adults.

Persons: Doug McMillon, Robert Ohmes Organizations: CNBC, Walmart, Target, Walmart U.S, Bank of America, Grocery Outlet, " Bank of America Securities Locations: New York City

☆ As earnings season winds down, investors turn to Tuesday's debt ceiling meeting
▼ + stars: | 2023-05-06 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.

☆ Aldi plans to open 120 new stores this year as the no-frills German grocer doubles down its US expansion
▼ + stars: | 2023-05-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Aldi is opening 120 new stores this year, including its first locations in two Louisiana cities. The supermarket chain will open 120 new stores this year, the company said. In January, Aldi opened a new distribution center in Alabama "to help support new stores in the area," it said. Aldi has recently opened or plans to open several new stores along the Gulf Coast in states including Alabama, Florida, and Louisiana, Supermarket News reported. Aldi did not immediately respond to a request from Insider for more details on where it plans to open the new stores.

[1/2] Bottles of Campa Cola and Coca Cola are displayed at a Reliance Smart supermarket in Mumbai, India March 20, 2023. Other well known tycoons have tried to go toe-to-toe with the drinks giants, and failed, most notably Richard Branson with his Virgin Cola. The smallest bottles of Campa Cola and Coke both cost 10 rupees, while Pepsi starts from 12 rupees. Reliance did not respond to a request for comment, while Pepsi said it doesn't comment on competition as a policy. Another city store employee said 30 Campa bottles were being sold for every 100 of Pepsi and Coca-Cola.

☆ Wholesale egg prices have ‘collapsed.’ Why consumers may soon see relief
▼ + stars: | 2023-02-07 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Fatih Aktas/Anadolu Agency via Getty ImagesWholesale egg prices have cratered in recent weeks from record highs, meaning consumers may soon see relief at the grocery store. Its Midwest Large White Egg price benchmark is a widely cited barometer in the egg industry. On average, it takes about four weeks for retail prices to reflect wholesale price trends, Rubio said. Retail prices tend to be less volatile than those at the wholesale level. For every 10% decrease or increase in wholesale egg price, consumers can expect retail prices to shift about 2%, on average, Rubio said.

☆ 8 retails stocks to buy from top analysts as Target signals tough times for the sector
▼ + stars: | 2022-11-16 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Target on Wednesday reported that its profit fell by 50% as it tried to clear out excess inventory in the third quarter. To find a list of top-ranked retail stocks, CNBC Pro searched Tipranks for names in the sector rated at least a "strong buy" and with a more than 20% upside to the consensus price target. Callaway Golf has the largest upside to its consensus price target, with analysts saying it could surge more than 79% from where it currently trades. Jefferies boosted its price target on the name after its third-quarter earnings beat expectations and it raised its guidance for the fourth quarter. The company is strongly backed by Wall Street and has a more than 43% upside to its consensus price target as it's been beaten up this year.

☆ Low-price grocers like Aldi are winning as consumers trade down
▼ + stars: | 2022-10-08 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

New York CNN Business —With grocery prices soaring, consumers are changing the way they shop for food. “Inflation is hitting everyone.”More consumers are additionally switching over to store brands, also called “private label,” which are often comparable in quality and lower in price. “I don’t think you can underestimate the strength of all these private label offerings,” said Heather Lalley, editor in chief of Winsight Grocery Business, a trade publication. “Now we’re seeing other retailers trying to emulate them.”In September, for example, Kroger (KR) announced a new budget private label brand called Smartway, which consolidates some of its other private label brands under one umbrella. Aldi, for one, is rolling out a new tagline to explain what it’s all about: It’s An Aldi Thing.

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