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☆ Stocks making the biggest moves premarket: JetBlue, Pinterest, Chewy, Caterpillar and more
▼ + stars: | 2023-10-31 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

This was higher than the $1.58 in earnings per share on $1.48 billion in revenue that analysts surveyed by FactSet had been expecting. Chewy — The pet food seller added 4% in premarket trading after Morgan Stanley upgraded the stock to overweight from equal weight. Chegg's third-quarter earnings came in at 18 cents per share, excluding items, higher than the 17 cents per share expected by analysts polled by LSEG. BP — Shares of the oil company slid 4% after the company missed analysts' estimates for its third-quarter earnings . XPO — The freight transportation company added 1.7% after announcing stronger-than-expected third-quarter earnings.

Persons: FactSet, Pinterest, Chewy, Morgan Stanley, Lauren Schenk, Caterpillar, LSEG, Tesla, XPO, Jefferies, AutoNation, Rajat Gupta, Wells, Ferguson, MoffettNathanson, Alex Harring, Jesse Pound, Samantha Subin Organizations: Arista Networks, Arista, Revenue, Global, Anheuser, Busch, LSEG, Caterpillar — Investors, JetBlue, BP —, BP, JPMorgan, Bank of America Locations: U.S, Wells Fargo

☆ Stocks making the biggest moves midday: Pinterest, Caterpillar, JetBlue, Chegg and more
▼ + stars: | 2023-10-31 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Pinterest — Shares of the image-sharing social media platform soared 19% Tuesday, a day after the firm's third-quarter earnings report beat expectations for earnings and revenue. Pinterest also eased concerns over potential ad revenue loss due to the Israel-Hamas war, saying some of the advertisers that had initially paused spending have already returned. Caterpillar said in its earnings presentation that revenue in the fourth quarter would be just "slightly" above the same quarter a year prior. JetBlue lost 39 cents per share, excluding items, on $2.35 billion of revenue, while analysts polled by LSEG expected a loss of 25 cents per share on $2.38 billion of revenue. This was higher than the $1.58 in earnings per share on $1.48 billion in revenue that analysts had forecast, according to FactSet.

Persons: Pinterest, Busch, Jet Blue, LSEG, Wolfspeed, Chegg, Morgan Stanley, Baird, SoFi, Roku, MoffettNathanson, — CNBC's Pia Singh, Yun Li, Hakyung Kim, Lisa Kailai Han, Brian Evans, Jesse Pound Organizations: Anheuser, Busch, LSEG, Revenue, Caterpillar, JetBlue —, Jet, JetBlue, Spirit Airlines, Arista Networks, Arista, VF Corp, Vans, U.S, BP, ON, Asbury Automotive, JPMorgan Locations: Israel, LSEG, U.S

☆ Stocks making the biggest moves after hours: Pinterest, Wolfspeed, Arista Networks and more
▼ + stars: | 2023-10-30 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Arista Networks reported $1.83 in earnings per share, excluding items, on $1.51 billion in revenue. Analysts polled by FactSet had estimated $1.58 in earnings per share on $1.48 billion in revenue. The company posted a loss of 53 cents per share, while analysts called for 67 cents per share, per LSEG, formerly known as Refinitiv. Analysts called for $1.20 per share in earnings and revenue of $5.02 billion, per FactSet. The company also gave fourth-quarter revenue guidance ranging between $442 million and $462 million, while analysts called for $451.7 million.

Persons: FactSet, FactSet's, Tenet, Pinterest, LSEG, Darla Mercado, Scott Schnipper Organizations: Arista Networks, Lattice Semiconductor, Revenue, Tenet

☆ Stocks like Rivian are a table-pounding buy ahead of earnings, analysts say
▼ + stars: | 2023-10-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

There are a slew of top stocks to buy this earnings season, analysts say. CNBC Pro combed through the latest Wall Street research to find the most well-positioned stocks heading into earnings. The firm added a tactical outperform rating to the name, saying Roku shares are too attractive to ignore. However, that doesn't mean investors should bail on the stock, the analyst said, adding a beat is very likely. VF Corporation Buy shares of the undervalued retail clothing company, Guggenheim analyst Robert Drbul wrote recently.

Persons: Shweta Khajuria, Khajuria, Roku, Jim Salera, Salera, Robert Drbul, Drbul, Bracken Darrell, Benno Dorer, Utz, Stephens, …, Cantor Fitzgerald Organizations: CNBC, VF Corp, Roku, Guggenheim, Logitech, Corp, ISI Locations: LSEG

☆ Stocks making the biggest moves midday: Nvidia, Goldman Sachs, Lockheed Martin and more
▼ + stars: | 2023-10-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

The company posted $6.73 in earnings per share on $16.88 billion in revenue. Analysts surveyed by LSEG, formerly known as Refinitiv, had forecast $6.67 in earnings per share on $16.74 billion in revenue. Dollar Tree — The discount retailer jumped 4.8% after getting an upgrade from Goldman Sachs to buy from neutral. Analysts polled by LSEG forecast an adjusted $2.52 in earnings per share and $21.04 billion in revenue. Goldman Sachs earned $5.47 per share on revenue of $11.82 billion, exceeding LSEG estimates.

Persons: Lockheed Martin, chipmakers, Goldman Sachs, Johnson, LSEG, Wyndham, Brian Essex, Hannon Armstrong, Morgan Stanley, Fortrea, Jeff Smith, —, Samantha Subin, Alex Harring, Lisa Kailai Han, Pia Singh, Sarah Min, Tanaya Macheel Organizations: Lockheed, LSEG, Circor, Nvidia, U.S . Department of Commerce, Marvell Technology, Devices, Broadcom, Goldman, Bank of America, Bank of New York Mellon, Wyndham Hotels, Resorts, Wyndham, Choice, JPMorgan, VF Corp, Viasat —, Hannon Armstrong Sustainable Infrastructure Capital, Systems Locations: China

☆ Express CEO Tim Baxter resigns, replaced by former Tysons Foods exec Stewart Glendinning
▼ + stars: | 2023-09-09 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

CNN —Former Tyson Foods executive Stewart Glendinning will be the new CEO of clothing company Express, replacing Timothy Baxter, effective September 15, the company announced. “He is a highly accomplished executive who will bring fresh thinking to the Company and our strategies for profitable growth. Baxter’s resignation was announced one day after Express released its second-quarter results, with net sales of its Express brand and its lifestyle line UpWest decreasing 15% compared to last year. Express affirmed Baxter’s departure was not related to the company’s financial position. Baxter, who spent more than 11 years with Macy’s, joined Express in June 2019.

Persons: Stewart Glendinning, Timothy Baxter, ” Mylle Mangum, Stewart, Glendinning, Baxter’s, Neil Saunders, Baxter, Macy’s Organizations: CNN, Tyson Foods, Express, Express Board, Company, New York Stock, ” Express, “ Express, WHP, NYSE, “, VF Corporation Locations: womenswear

☆ The creative director of Supreme abruptly resigned, citing 'systemic racism,' which the brand denied
▼ + stars: | 2023-09-01 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Tremaine Emory is exiting streetwear giant Supreme. Emory cited "systematic racism" among his reasons for leaving the brand. Emory's departure from the streetwear brand was announced on Thursday. In a resignation letter viewed by the Business of Fashion, Emory cited "systematic racism" and what he said was a lack of minority employees among his reasons for leaving. In an Instagram post, Emory said he and Supreme executives disagreed over a collaboration with artist Arthur Jafa.

Persons: Tremaine Emory, Emory, Arthur Jafa, Peter, Gordon, Tremaine, execs, Ye, Virgil Abloh Organizations: Service, Business, Fashion, of, VF Corporation Locations: Wall, Silicon

☆ The North Face doubles down on 'Summer of Pride' campaign amid backlash from right-wingers
▼ + stars: | 2023-05-27 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Right-wingers are now targeting The North Face after the brand debuted its "Summer of Pride" collection. "Nature lets you be who you are," The North Face began its caption. According to Fox News, the collection initially included children's clothing, but The North Face later took the items down from the site after backlash. However, rainbow-themed kids apparel can be found on the site of sportswear retailers that carry North Face items, Fox reported. —Marjorie Taylor Greene 🇺🇸 (@mtgreenee) May 24, 2023Despite the alleged removal of kids clothing from its site, North Face defended its "Summer of Pride" campaign when asked to comment on the backlash.

☆ Retail CEO crisis: With recent shakeups at Kohl's, Adidas, Dollar General, and more, the industry's top job is suddenly the hardest to fill
▼ + stars: | 2023-02-11 | by ( Matthew Kish | Avery Hartmans | ) www.businessinsider.com time to read: +8 min

It's the surest sign yet of a crisis facing the retail industry. Supply chains got snarled, shoppers stopped visiting stores, and stimulus payments spiked demand, each making it difficult to measure how business was doing. Then stimulus payments sent demand for everything from sneakers to home goods spiking while supply chains snarled. And just when supply chains started to sort themselves out, inflation hit, and shoppers started to scale back spending. Retail CEOs need 'peripheral vision'Workers at Starbucks stores and Amazon warehouses across the country have pushed to unionize, with many calling out the pay disparity between front-line workers and top executives.

☆ Retail CEO crisis: why the industry's top job is suddenly the hardest to fill
▼ + stars: | 2023-01-23 | by ( Matthew Kish | Avery Hartmans | ) www.businessinsider.com time to read: +8 min

☆ Struggling sneaker brand Vans is trying to lure millennials away from Nike and other brands with nostalgia, high heat collabs, and better arch support
▼ + stars: | 2022-12-13 | by ( Danni Santana | ) www.businessinsider.com time to read: +6 min

But Harrer, who joined Vans from Dollar Shave Club in April 2021, noted that Vans wasn't reminding people about those classic shoes. Vans stopped marketing its classic sneakers for some time before resuming earlier this year with the "Classic Since Forever" campaign. "Our top-tier limited-distribution footwear, which you may know as Vans Vault, has previously met the needs of influential footwear-trend accounts in the past," he said. With Vans Vault, the company takes classic shoes and collaborates with popular designers and boutiques on new colorways. Vans Vault releases compete with Nike, Adidas, Converse, and others for the general sneaker lover.

☆ VF Corp. lowers full-year guidance, announces CEO is retiring
▼ + stars: | 2022-12-05 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Benno Dorer, who sits on the company's board, will serve as interim CEO while the company searches for Rendle's permanent replacement. VF Corp. said it now expects full-year revenue to increase by 3% or 4% over the prior year, down from previously projected growth of 5% or 6%. It estimates its full-year earnings to come in at about $2.00 to $2.20 per share, down from previous guidance of $2.40 to $2.50, announced a few weeks ago. VF Corp. reported full-year earnings of $3.18 per share last year. This is the second time in less than two months that VF Corp. has slashed its guidance.

☆ Stocks making the biggest moves midday: Tesla, VF Corp, Marriott, MGM and more
▼ + stars: | 2022-12-05 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

United Airlines , Delta Airlines – United gained 4% following a Morgan Stanley upgrade to overweight from equal weight on the notion that 2023 could be a "goldilocks" year for the airline. Silvergate Capital — Shares dropped more than 5% after Morgan Stanley downgraded the crypto bank to underweight from equal weight, saying there is more revenue pressure following the FTX fallout. Signature Bank — The stock declined more than 7% after Morgan Stanley downgraded it to equal weight from overweight. Morgan Stanley expects funding costs to jump "significantly" over the next several quarters as Signature works to retain deposits from customers. Many Chinese stocks pared earlier gains, however, as the broader market sold off amid fears of aggressive monetary tightening.

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