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The other stocks include: Ralph Lauren, Yeti, Goldman Sachs, and GE Aerospace. "We rate YETI shares Buy as we expect continued momentum supported by new product categories & international expansion," he said. Ralph Lauren "A hit down the fairway," analyst Christopher Nardone titled his recent recap of Ralph Lauren earnings. Meanwhile, Ralph Lauren shares are up 20% this year with plenty more room to run. ... We rate YETI shares Buy as we expect continued momentum supported by new product categories & international expansion.
Persons: Ralph Lauren, Goldman Sachs, Alexander Perry, Perry, Christopher Nardone, Nardone, Ebrahim Poonawala, Goldman, Poonawala Organizations: of America, Nvidia, GE Aerospace, U.S, Goldman, Bank of America, GE, Investment Locations: Europe, China, N.A, North America, N.A .
Quarterly revenue was $248 million, versus the $249.5 million expected from analysts polled by FactSet. Klaviyo guided for second-quarter revenue of $211 million to $213 million, higher than the $210 million expected from analysts polled by LSEG. AppLovin reported earnings per share of 67 cents, versus the 57 cents expected from analysts polled by LSEG. Bumble reported earnings per share of 19 cents, versus the 7 cents expected from analysts polled by FactSet. Adjusted earnings per share were 7 cents, versus the 6 cents expected.
Persons: Revenue, Klaviyo, AppLovin, AMC's, Duolingo, LSEG . Bumble —, Bumble, Warby Parker, Warby, Roblox, , Jesse Pound, Tanaya Macheel, Alex Harring, Samantha Subin Organizations: FactSet, Warner Bros, LSEG, postmarket, Revenue, AMC, FactSet . Revenue, Wall Locations: British
Arm — Shares of British chip designer fell 1% in volatile trading after the company issued revenue guidance that left investors unimpressed. Airbnb said revenue in its second quarter total $2.68 billion to $2.74 billion, while analysts were expecting $2.74 billion, according to LSEG. AppLovin — The mobile technology company soared 19% on the heels of better-than-expected first quarter earnings . Warby lost 2 cents a share, narrower than the consensus forecast of 9 cents per share from analysts surveyed by FactSet. Cheesecake Factory — Shares rallied nearly 9% after the chain's first quarter earnings beat estimates.
Persons: FactSet, Forthe, Klaviyo, Airbnb, AppLovin, AMC's financials, Duolingo, , Warby Parker, Warby, Kate Spade, Roblox, That's, Raymond James, Ancora, Alan Shaw, Equinix, amortization, Charles Meyers, Samantha Subin, Yun Li, Jesse Pound, Sarah Min, Hakyung Kim, Tanaya Macheel, Michelle Fox, Scott Schnipper Organizations: LSEG, LSEG . Revenue, AMC Entertainment, Revenue, FactSet . Revenue, FactSet, Leadership, JPMorgan, Norfolk Southern, postmarket Locations: The Virginia
Footwear company Crocs has strong momentum, making it a solid play for investors ahead of earnings out next week, according to Bank of America. Analyst Christopher Nardone reiterated his buy rating and $150 price target, saying the stock is a winner in a "price-sensitive consumer environment." Nardone expects Crocs' international business, which accounts for 40% of its total sales, to be "the driver of outsized growth" for the quarter and full year. He forecasted total Crocs sales growth of 8% in the first quarter and 6% in the full year. "Nearer term, we think the market will be most focused on signs of improvement in both DTC and margins," for Heydude, Nardone said.
Persons: Crocs, Christopher Nardone, It's, Nardone, Terence Reilly's, Stanley, Steve Madden Organizations: Bank of America Locations: Asia, China, India
Barclays cut its price target on Tesla. Turrin's $480 price target suggests Microsoft shares, which are up more than 10% this year, could add another 15.8% over the next 12 months. Nardone kept his $150 price target, which implies Crocs shares could gain 24.3% over the next 12 months. Tesla shares, which have lost more than 36% this year, traded 1.3% higher in premarket trading. Redburn Atlantic also cut its price target to $130 from $150, reiterating its sell rating on the stock.
Persons: Raymond James, Wells, Michael Turrin, Turrin, — Pia Singh, Crocs, Christopher Nardone, Terence Reilly, Nardone, Stanley, Ben Chaiken, Chaiken, Jefferies, Corey Tarlowe, Tarlowe, Tesla's, Dan Levy, Levy, Tesla, Pavel Molchanov, Vernova, Molchanov, Fred Imbert Organizations: CNBC, Wednesday's, Barclays, GE, Microsoft, Bank of America Bank of America, Royal, Mizuho Securities Mizuho, Royal Beach Club, Urban, Jefferies, Urban Outfitters, Abercrombie, General Electric, GE Vernova Locations: Wells Fargo, Heydude, Royal Caribbean, Tuesday's
A woman from Ohio says her Stanley cup took a bullet for her. In a TikTok, Rachel Kelley shows the damage the stray bullet did to her house and tumbler. The Stanley cup has become one of social media's most popular portable drinkware brands. AdvertisementA woman from Ohio claims her Stanley cup saved her life after a stray bullet flew through her home and ricocheted off of her tumbler. In the video, Kelley surveys the damage the stray bullet caused her home, panning past a large hole in the wall and a chipped bottle of perfume, and ending on the dented tumbler.
Persons: Stanley, Rachel Kelley, , Kelley Organizations: Service Locations: Ohio, Steubenville
Ashlee LeSueur, cofounder of The Buy Guide, told The Wall Street Journal that Stanley was resistant. AdvertisementStanley, which long marketed itself as an outdoorsy company for campers, construction workers, and — primarily — men, first introduced the Quencher cup in 2016. "Some of the executives had a really difficult time imagining a more female-leaning color palette on the Stanley products," LeSueur told The Journal. "I think the biggest difference when Terence came on was just that enthusiasm," LeSueur told the podcast. AdvertisementThe company's marketing shift worked: Stanley cups have become major status symbols at schools, sparked a collector's mentality around the mugs, and — in at least one case — led to a Stanley cup heist.
Persons: Stanley, Quencher, Ashlee LeSueur, , Stanley Quencher, Terence Reilly, LeSueur, Lauren Solomon, Solomon, Reilly, Terence, Callum Borchers Organizations: Wall Street, Service, Street Journal, The, eBay, Stanley, Starbucks, Target Locations: Quenchers
Ashley Kosko, 37, is a huge fan of Stanley cups. Some of the Stanley cups owned by Ashley Kosko. A Stanley cup bedazzled by Ashley Kosko. Two Stanley cups bedazzled by Ashley Kosko. "In my everyday life, people will stop me and say, 'Oh, I love your Stanley cup,'" she said.
Persons: Ashley Kosko, Stanley, Kosko, , Ashley Kosko Love, bedazzling Stanley, Ashley Kosko Kosko, bedazzle Stanley, I've, she's Organizations: Service, YouTube, Stanley, Stanley Facebook Locations: rhinestones, Tennessee, Thailand
On social media, Stanley collectors show off shelves of their rainbow-hued, stainless steel treasures or gush over stickers and silicone doohickies to accessorize their favorite cups. It’s no secret that good marketing — largely to women, through social media — has been behind the cups’ recent surge in popularity. Empty shelves after a sold-out Stanley cup release at a California Target in January. The habitual meets the aspirational when social media posts add a shiny, new Stanley cup to a lifestyle marked by clean, responsible, well-hydrated order. It’s a favorite cup, a new cup, a go-to cup, the cup everyone is jealous of, the cup that will solve all of life’s problems and get us closer to our ideal selves.
Persons: Stanley, , Charles Lindsey, , Lindsey, Brian van der, Terence Reilly, it’s, “ It’s, ” Lindsey, Ricardo Torres, they’re Organizations: CNN, Stanley, University, Buffalo School of Management, , California Target, Los Angeles Times, Starbucks, Milwaukee, USA Locations: California, Milwaukee
The Stanley cup hype has reached new heights with its limited edition Valentine's Day drop at Target. AdvertisementStanley has just released its limited edition Valentine's Day cups — the Galentine's Day collection — and customers are stampeding Target stores to get their own. Other TikTokers captured the lines — reminiscent of Black Friday — outside several Target stores in the early morning hours before the cups were unveiled. But the chaos captured in these viral videos could also be, in part, a result of how profitable the resale market for them has become — especially for limited edition colors of its largest tumblers. Within days of its release, listings on eBay and Poshmark showed the red and pink cups going for over $100.
Persons: , Stanley, Mikayla Barber, Barber, Stanley tumbler, TikTokers, Olds, rae dunn, Rae Dunn, There's, Casey Lewis, BI's Katie Noutopoulos Organizations: Service, Business, eBay, Poshmark
Right now, you can get some of the lowest prices ever on top-rated items with the best Stanley Cyber Monday deals. One of the best deals is 25% off the Stanley IceFlow Stainless Steel Tumbler with Straw, which is the lowest price we've seen for this model. However, many Amazon Stanley deals beat the brand's website discounts, and other retailers are also offering great savings. For the biggest deals across home, kitchen, and tech, check out our hub where we're covering all the best Cyber Monday deals. The best Stanley deals on Cyber Monday
Persons: Stanley, Amazon Stanley Organizations: Stanley, Amazon
For Black Friday, we are seeing some of the best Stanley deals of the year and even all-time low prices in some instances. Items are marked down by up to 30% as part of the Stanley Black Friday sale through December 4. Right now, many Amazon Stanley deals beat the brand's website discounts, and still other retailers are offering great sales. For the biggest deals across home, kitchen, and tech, check out our hub where we're covering all the best Black Friday deals. The best Black Friday deals on Stanley
Persons: Stanley, Amazon Stanley Organizations: Stanley Black, Amazon
A woman posted a TikTok video showing how her Stanley cup survived a car fire with the ice inside unmelted. The bottle brand responded on TikTok by saying it will replace the woman's vehicle. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . When she shakes the bottle it clinks with ice, which also appears to have survived the fire. Stanley's global president Terence Reilly then posted a stitch with Danielle's video on the brand's TikTok account saying: "We've all seen your video.
Persons: Stanley, , Danielle, hasn't, Terence Reilly, we'll, Stanley we'd Organizations: Service, Business, BI
Taylor Swift fans had just eight hours to buy tickets for last-minute Thursday night previews of her Eras Tour concert film. Box office analysts don't see the small Thursday night haul as any indication of the potential success of Swift's film. Expectations are that Swift could tally between $40 million and $60 million on Friday, on her way to a an opening weekend draw of as much as $150 million. Swift's film is on pace to open in around 3,850 theaters, making it the widest domestic release of a concert film. AMC Entertainment, which is distributing the film, reported last week that presales for its theaters had already exceeded $100 million for the full run of Swift's film.
Persons: Taylor Swift, weren't, Paul Dergarabedian, Swift, Shawn Robbins, Miley Cyrus, Michael Jackson's Organizations: AMC, Marvel, Star Wars, AMC Entertainment Locations: Los Angeles , California
AstraZeneca — Shares of the British pharmaceutical company gained more than 2.7% in premarket trading after the company reported positive results for its drug Dato-DXd in a trial for treating a common type of breast cancer. Wayfair — Shares gained more than 2% after Bernstein upgraded home merchandiser to market perform from underperform. Chinese e-commerce stocks — U.S. listed shares of Alibaba and PDD Holdings added nearly 4% in premarket trading, while JD.com rose 3.3%. Arm Holdings — Shares of the chip designer added 1.3% during premarket trading. Yeti — Shares gained about 3% in the premarket.
Persons: Bernstein, Canaccord Genuity, Wells, Ralph Lauren —, Raymond James, Rick Patel, Jefferies, — CNBC's Pia Singh, Sarah Min, Samantha Subin, Tanaya Macheel, Brian Evans, Michelle Fox Organizations: AstraZeneca, AstraZeneca —, U.S, PDD Holdings, Bloomberg, Seagen, Deere, Susquehanna, Communications Locations: COVID, Smithfield, Sydney, DXd, Alibaba, China, drinkware
Yeti and Newell both might be buys, says Jim Cramer
  + stars: | 2023-08-14 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Yeti and Newell both might be buys, says Jim Cramer'Mad Money' host Jim Cramer compares Yeti and Newell, two companies in the cooler and drinkware space.
Persons: Newell, Jim Cramer
CNN —Stocks and consumer sentiment are rising in tandem after slumping last year, in another sign of growing optimism that the economy could dodge a recession. Consumer sentiment tracked by the University of Michigan jumped 13% in July, notching its second consecutive month of improvement. That comes after stocks and consumer sentiment tumbled in 2022 as sticky inflation and the Federal Reserve’s aggressive pace of interest rate hikes spurred fears that the US economy would tip into a recession. “Consumer sentiment reached levels consistent with the lows of some past recessions last summer,” wrote Lori Calvasina, head of US equity strategy at RBC Capital Markets. Still, consumer sentiment could decline if more people lose their jobs, paychecks and spending power.
Persons: CNN —, , Lori Calvasina, Ed Moya, Moya, Jon Ekoniak, Pete Muntean, Vanessa Yurkevich, Robert Travis, , ” Read, Michelle Toh, Kan, Read Organizations: CNN Business, Bell, CNN, University of Michigan, RBC Capital Markets, OANDA, JPMorgan Chase, Citigroup, Bordeaux Wealth Advisors, UPS, Teamsters, United Parcel Service, Independent Pilots Association, Brotherhood of Teamsters, South, Starbucks Asia Locations: That’s, BlackRock, Wells Fargo, South Korean, Hong Kong, Indonesia, South Korea, Philippines
Hong Kong CNN —Starbucks is teaming up with Blackpink, one of the world’s hottest musical acts. The centerpiece of the lineup is the Blackpink Strawberry Choco Cream Frappuccino, a drink that is an aptly hued blend of black and pink. Like other major global brands, Starbucks is leaning into the frenzy around K-pop, hoping that it will translate to a boost in sales. The company has partnered with Blackpink before, launching a collection of merchandise in Thailand two years ago. In 2022, the group was named Time magazine’s Entertainer of the Year, becoming just the second K-pop group to receive the title.
Persons: , Blackpink, Emma McIntyre, Kan, they’ve, , Jennie, Jisoo, Lisa, Rosé —, Dior, Bang, Hyuk, Organizations: Hong Kong CNN, Starbucks, Coachella, Blackpink, South, Netflix, BTS, Disney, CNN, HYBE Locations: Hong Kong, Indonesia, South Korea, Philippines, Indio , California, Asia, Thailand, South Korean
The growth outlook for Yeti Holdings looks murky in the months ahead, according to Goldman Sachs. Analyst Brooke Roach downgraded shares of the cooler company to neutral from buy, citing a tougher sales backdrop and softening consumer demand that should hinder growth near term. YETI YTD mountain Yeti shares this year The stock fell 2% before the bell Friday. Shares of Yeti are down about 5% this year and have tumbled 57% since Goldman Sachs initiated coverage with a buy rating. Yeti also faces rising competitive pressures in the drinkware market, and higher selling, general and administrative expenses should hamper margin improvement, Roach said.
CNN Underscored editors regularly highlight new product launches — everything from a new colorway of that viral pan to the next must-have sneaker — through announcement posts, in-depth reviews and comparative testing pieces. Now, for the first time, we’re giving readers a sneak peek at some of the most anticipated products that are set to launch in 2023 with a new feature: The Watch List. The Legendary Classic Canteen will combine an old-school aesthetic with modern design elements like a handy strap and leakproof lid. Meanwhile, the box quilt pattern keeps everything looking casual cool in four colors: natural, white, light gray and charcoal. Cabeau TNE S3: The Neck’s EvolutionCabeauThe Cabeau Evolution S3 is our pick for best travel pillow based on a variety of factors.
Stanley tumblers had a surge of popularity in 2022 with many calling it the new "it" portable drinkware. Stanley is beating out drinkware from other brands that previously dominated the market. Here are the beloved water bottle brands that are now falling by the wayside. Stanley is cashing in on that growth: In February 2022, Stanley was named the fastest-growing equipment accessories brand, with sales growing by 275% in 2021, the company told the New York Times earlier this year. Before these colorful tumblers took over your TikTok, these are the six brands that dominated the reusable water bottle market.
Many big retailers are discounting heavily and earlier this holiday season to clear excess stock from their shelves and warehouses. But others, with no substantive overhang of inventory, are also offering bigger sales than usual to satisfy shoppers who have come to expect them. “This is more of a reaction to what’s happening in this peak holiday-sales period.”Not all companies are being pulled into the discounting vortex. “We think that’s a good consumer experience.”Catbird, a Brooklyn-based jewelry company, is offering customers up to 20% off during the holidays, the biggest discount of its 18-year history. “No business owner who’s being honest is going to tell you they’re happy to have sales,” she said.
Investors should utilize the sharp pullback in Yeti 's stock to buy into a company with "solid fundamentals" at a steep discount, according to Canaccord Genuity. Analyst Brian McNamara initiated coverage of the cooler and drinkware maker with a buy rating in a note to clients Wednesday, saying the stock is as "bear-proof as its coolers" and calling the company an "iconic global lifestyle brand with staying power." Shares of Yeti have underperformed since the start of the year, falling 48% compared with a roughly 18% drawback in the S & P 500 . The firm's $58 price target suggests shares could rebound about 35% from Wednesday's close. "Despite its first 'miss & cut' as a public company with Q2 results and a potential risk that an incoming CFO could lower the bar, we believe market expectations are overly conservative," McNamara wrote.
This story is part of Select's New & Notable column, where we highlight our favorite product launches, major sales, what we're buying and some of our latest recommendations and advice. New this weekOur Place, the creator of the much-loved Always Pan, is expanding its kitchenware offerings to include a new ceramic tableware set. If you’re a small-apartment dweller, or just a tiny-kitchen owner, Caraway’s new mini cookware set could be for you. Christina ColizzaI didn’t technically buy the Ooni Koda pizza oven for myself, but I plan to benefit from it. But they have been a godsend: [The lids] click into place so easily, and a single lemon lasts me weeks now.
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