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Many observers are arguing that some pockets of the market, mainly in the AI trade, have moved too far, too fast and are ripe for pullbacks. Meanwhile, we'll be keeping an eye on Club holding GE Healthcare's appearance Tuesday at Oppenheimer's MedTech and Services conference. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, industrials, there's, we'll, Oppenheimer's, Jim Cramer's, Jim Organizations: CNBC, Nvidia, Club, Linde, Nasdaq, FMC Corp, Procter, Gamble, Truist, Energy, EQT Corp, Boeing, of Justice, Alaska Airlines, Howmet Aerospace, Tech, Oracle, GE, Services, Jim Cramer's Charitable Locations: Albemarle, Newmont
Overall, consumer prices rose 0.3% in January 2024 from December 2023, according to the latest Consumer Price Index. The Labor Department releases its Consumer Price Index for February on Tuesday. The drivers of services inflation have been threefold: Vehicle insurance, hospital insurance, and financial services. The US Labor Department releases its Consumer Price Index for February. The US Commerce Department releases February figures on retail sales in addition to January data on business inventories.
Persons: don’t abate, Price, it’s, Bell, Saira Malik, They’ve, I’ve, Biden, Joe Biden, I’m, , Biden’s, Read, Guess Organizations: Washington CNN, Federal Reserve, Labor Department, Oracle, Asana, Vail Resorts, US Labor Department, US Treasury Department, National Statistics, Adobe, Dollar, Sporting Goods, Getty, US Commerce Department, The New York Fed, Manufacturing Index, University of Michigan Locations: Nuveen, Thursday’s State, America
Within the Club, we heard this week from Foot Locker on Wednesday, then from Costco and Broadcom on Thursday. The big economic data drop of the week arrived Friday with February's nonfarm payrolls report . The center of attention is Tuesday's February consumer price index report . On Thursday, the February produce price index is due out. ET: Producer Price Index 8:30 a.m.
Persons: FactSet, Locker, Foot Locker, February's nonfarm, Jerome Powell, he's, we'll, MANU, LEN, Jim Cramer's, Jim Cramer, Jim, Mostafa Bassim Organizations: Nasdaq, Dow Jones Industrial, Costco, Broadcom, Commerce, Federal, PPI, Ballard Power Systems, Fortrea Holdings, Casey's, Vail Resorts, MTN, Daniels, Midland, Kohl's Corporation, Kanzhun, Game Technology, Manchester United, Blade Air Mobility, Clover Health, Beauty Health, Energy Vault Holdings, PHX Minerals, Guild Holdings, Finance, Heron Therapeutics, ZIM Integrated Shipping Services, Arcos Dorados Holdings, ARCO, Petco, Wellness Company, Farms, Sonoma, WSM, ESS Tech, DICK'S Sporting, Inc, Futu Holdings, Bear, Autolus Therapeutics, III Apparel, Solo Brands, Weibo Corporation, Embraer, CNBC, Washington DC, Anadolu, Getty Locations: U.S, Asana, ASAN, Williams, Washington, United States
CNBC's Jim Cramer on Friday guided investors through next week's most important happenings on Wall Street, highlighting Adobe 's earnings report, as well as ones from Dollar General and Dollar Tree . Dollar Tree reports on Wednesday, and Cramer said Wall Street has long favored dollar stores, adding that the company has a "good a handle on the psyche of the American consumer." The producer price index will be released Thursday, as well as earnings from Dollar General. Like Dollar Tree, he thinks the company will do well, and it will "tell a story of price cutting that the analysts will lap up." But by the end of the week, Wall Street will be buzzing about Nvidia 's conference, which is set to take place from March 18 to 21.
Persons: CNBC's Jim Cramer, Cramer, Kohl's, Tom Kingsbury, Williams, Lennar, Jabil Organizations: Adobe, Dollar, Oracle, Vail Resorts, Holding, Burlington Stores, Sporting Goods, Nvidia Locations: Sonoma
Stores are cutting back on how many varieties of products they opt to offer. Retailers are shifting to offering customers less variety on products with questionable success and doubling down on bestsellers, instead, Axios reported. Some chains like Macy's and Kohl's are slimming down their in-store product options and offering a wider variety of products online, Axios reported. Some retailers reported that customers didn't seem to mind that slashed products never returned to the shelves, The Wall Street Journal reported. Experts believe the slimmed-down choices could also help reduce stress for shoppers, Axios reported.
Persons: , Axios, Coke, Cherry, Neil Saunders Organizations: Service, Daily, Business, Street Journal
The eyes have it: The intriguing history of kohl
  + stars: | 2024-02-29 | by ( Zahra Hankir | ) edition.cnn.com   time to read: +10 min
A Palestinian woman Hadeya Qudaih applying traditional kohl eyeliner to her granddaughter in Khan Younis in the southern Gaza Strip in March 2020. Hadeya Qudaih makes and sells traditional kohl eyeliner for medical and cosmetic purposes (photograph taken in February 2020). A Bedouin man wearing traditional kohl, photographed in the ancient Jordanian city of Petra. Kohl is so commonly worn in the area that girls are sometimes named or nicknamed Kahla by their parents or friends, roughly meaning “the girl who appears to have kohl around her eyes.” Kohl is also a feature of many ­millennia-old myths, rituals, and legends. “Even if she doesn’t (make kohl) anymore, I will for sure continue to do this myself,” Abu Issa said.
Persons: CNN — Kohl, kohl, Hadeya, kohl eyeliner, Khan Younis, Majdi, Tamam Farhan Abu Issa, Deir al Balah, , Abu Issa, , ” Abu Issa, Issa, Qudaih, Hassan Jedi, Prophet Muhammad —, Alessandro Bigazzi, Jack Sparrow, eyeliner, Kohl, ” Kohl, Zarqa, TikTok, “ Blinkaria Kohl, tightlining, Eyeliner, Fatima Shbair, “ Kohl, I’ve Organizations: CNN, Crusaders, UNESCO, United, kohl, Quds Net News, ZUMA Press, UAE General Authority of Islamic Affairs, Endowments Locations: East, North Africa, Egypt, Europe, Lebanon, Gaza, Gaza’s, Deir, United Nations, Israel, Saudi Arabia, Jordan, Palestinian, Petra, Raed, Kohl, Eastern,
Levi’s Wants You to Rethink Your Denim Shopping
  + stars: | 2024-02-27 | by ( Jordyn Holman | ) www.nytimes.com   time to read: +1 min
In the Levi’s store on Market Street in San Francisco, the denim maker’s newly extended collection is on full display. Black denim overalls are paired with a light-blue long-sleeve denim blouse, complemented by a denim cap. The assortment of tops, which Levi’s has been producing at a faster rate than it has in the past, was equal to the store’s inventory of jeans. Ms. Gass, 55, wants to make Levi’s not only a brand you think of when you want jeans, but also a place you go to first when shopping for shirts, jumpsuits and puffer jackets. Her goal is to get customers back more often — since people usually buy tops more frequently than bottoms — and to bring them to Levi’s stores, its website and its mobile app.
Persons: jean, ” Michelle Gass, Levi Strauss, Levi’s, Gass’s, Gass Organizations: Levi Strauss & Company Locations: San Francisco
Biden made it clear he respected the role of a free press in a democracy and did not berate reporters in White House press conferences, nor did his administration suspend journalists’ credentials, as his predecessor’s did. But as the press has focused recently on Biden's age and memory, the president and his campaign team have become more confrontational. When Doocey asked how "bad" Biden's memory was, the president said, "My memory is so bad I let you speak." Kristi Noem on the air, "seconds after trying to criticize President Biden’s memory." But the pushback may not work the way the White House hopes.
Persons: Joe Biden, Donald Trump, Biden, , Peter Doocey, Doocey, Kamala Harris, hadn’t, Jesse Watters misidentifying, Kristi Noem, Helmut Kohl, David Clementson, Clementson, Ronald Reagan, “ that's, it's, Biden doesn't, Frank Sesno, Sesno, it's Donald Trump, Didn't Organizations: White, White House, NBC, Fox News, Biden, NATO, New York Times, South Dakota Gov, University of Georgia, Democratic opponent's, George Washington University Alliance, Trump Locations: White House, China, Russia, South, Europe
Biden’s aides know there is no topic more likely to draw their boss’ fury than a slight against his family. Only about 45 minutes before Hur’s report was released publicly, the White House was working to downplay the verbal slip-ups, saying it’s common for people to misspeak. “Many people, elected officials … they can misspeak sometimes,” White House press secretary Karine Jean-Pierre said, citing recent examples from House Speaker Mike Johnson and TV host Sean Hannity. The report was released anyway, with the objections of Biden’s lawyers included – but only toward the end of the nearly 400-page report. “I was in the middle of handling an international crisis,” Biden said Thursday about an hour after the report was released.
Persons: Robert Hur’s, Joe Biden, Biden’s, Biden, ” Biden seethed, Hur, fumed, hasn’t, Daniel Goldman, ” Goldman, , ” Biden, , Hur –, Donald Trump’s, forgetful, I’ve, , CNN’s MJ Lee, Bidenworld, Helmut Kohl, Francois Mitterrand, , Karine Jean, Pierre, Mike Johnson, Sean Hannity, she’s, Beau Biden’s, Hurt, Biden “, Beau, Israel – Organizations: Washington CNN, House, Democratic, Trump Justice Department, White, CNN, Biden, Republicans, Trump Locations: New York, Gaza, Mexico, Egypt, Israel
Two verbal slip-ups in the last few days are again bringing the concerns about the president’s cognition to the forefront. A January NBC poll of 1,000 registered voters found that three quarters of all voters, including half of Democrats, had concerns about Biden’s physical or mental health. The White House did not immediately provide a response to this story. In last year’s physical, Biden’s physician said an “extremely detailed” neurologic exam found no findings that would be consistent with stroke, multiple sclerosis or Parkinson’s disease. As with his previous physical in 2021, the White House did not say whether Biden underwent any cognitive tests, which some doctors recommend for older adults.
Persons: Joe Biden’s, juggles, Biden, – François Mitterrand, Helmut Kohl –, Robert Hur’s, Beau, Trump, Karine Jean, Pierre, Mike Johnson, Sean Hannity, ” Jean, Pierre said, , I’ve, , Biden misspeaks –, Emmanuel Macron, Mitterrand –, Kohl, Angela Merkel, Olaf Scholz, “ Helmut Kohl, ‘ Joe, ” Biden, Biden’s, Dean Phillips, Nikki Haley, Donald Trump, Haley, Nancy Pelosi, ” Haley, Jean, Kevin O’Connor, , Covid, ” O’Connor, O’Connor, Kevin Liptak, MJ Lee Organizations: Washington CNN, House, White, NBC, Senate, London Times, Democratic, Republican South, United Nations, Trump, CNN, Biden Locations: Israel, Germany, New York, Republican South Carolina, United States
Under Armour said Thursday that its holiday-quarter sales slowed, but its earnings beat estimates as the athletic apparel retailer worked to rein in costs. Under Armour now anticipates full-year sales will decline slightly more than it previously expected. During the quarter, Under Armour's wholesale revenue, which accounts for about 60% of sales, dropped 13% to $712 million. Like its peers, Under Armour has been working to expand its sales directly to consumers through its stores and website. During the quarter, Under Armour saw those direct sales rise 4% to $741 million, driven by a 5% uptick in store revenue and a 2% jump in digital sales.
Persons: Armour, Stephanie Linnartz Organizations: LSEG, Partners, Sporting Goods, Kohl's, JD Sports Locations: Houston , Texas, North America
Then Prime Minister Stephen Harper addresses supporters after he lost the federal election in Calgary, Alberta, October 19, 2015. An activist hedge fund chaired by former Canadian Prime Minister Stephen Harper is pushing U.S. department store operator Kohl's to sell itself, according to people familiar with the matter. Kohl's rejected acquisition offers worth as much as $64 per share in 2022, when it also came under pressure from several activist shareholders to explore a sale. Kohl's was not available for comment and Vision One did not respond to requests for comment. The development makes Kohl's the second U.S. department store operator to come under investor pressure to sell itself in as many months.
Persons: Stephen Harper, Kohl's, Harper, Carl Icahn protégé Courtney Mather, Macy's Organizations: Canadian, Vision, Management Partners, Arkhouse Management, Brigade Capital Management Locations: Calgary , Alberta, Kohl's, U.S
Even as the market rallies, the latest short interest data reveals several stocks that could see losses. CNBC Pro screened FactSet data for stocks trading on the New York Stock Exchange and Nasdaq Exchange with the most short interest as of Jan. 12. Lucid Group , another EV maker, saw short interest increase to about 29% of its float. Companies that make auto parts, including Luminar Technologies and Atmus Filtration , also saw short interest increase. Short interest increased 3% and 8% for thrift store chain Savers Value Village and department store Kohl's , respectively.
Persons: Fisker, That's, VinFast, Goldman Sachs, Nick Wells Organizations: Nasdaq, CNBC, New York Stock Exchange, Nasdaq Exchange, Lucid Group, Traders, EV, VinFast, Companies, Luminar Technologies, Dyne Therapeutics, Enliven, Allogene Therapeutics
JCPenney has replaced its Sephora shops with JCPenney Beauty sections. JCPenney's revamped beauty department has become a destination for finding beauty brands TikTokers can't get at other beauty stores. Last summer, the retailer launched KimChi Chic Beauty in more than 600 stores, beauty trade publication Happi reported. JCPenney replaced Sephora shops with JCPenney Beauty. Beauty retailer Ulta hit $2.5 billion in net sales last quarter, an increase of more than 6%.
Persons: , JC, Kailey, JCPenney, JCPenney's, Adam Ryan, Alexis Androulakis, @thelipsticklesbians, y’all, @JCPenney, ike, orth, Penney Organizations: JCPenney, Service, JC Penney, Sephora, Black, Black Enterprise, Alpha Locations: JCPenney, Staten Island
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCommittee Stocks on the Move: JetBlue, Spirit Airlines, Alibaba, Morgan Stanley and Kohl'sJenny Harrington, Gilman Hill Asset Management CEO, Jim Lebenthal, chief equity strategist at Cerity Partners, Joe Terranova, senior managing director at Virtus Investment Partners, and Rob Sechan, managing partner at NewEdge Wealth, join CNBC's Halftime Report' to discuss multiple stocks on the move today and how you should trade them.
Persons: Morgan Stanley, Kohl's Jenny Harrington, Jim Lebenthal, Joe Terranova, Rob Sechan Organizations: JetBlue, Spirit Airlines, Management, Cerity Partners, Virtus Investment Partners, NewEdge Wealth
Between his commute to school and gig work, Kaiser said the Nissan Sentra he bought in mid-2021 already has over 85,000 miles on it. Balancing work with school takes practiceKaiser said his food delivery and Kohl's gigs have sometimes left insufficient time for his academics. If he has too much on his plate, he'll sometimes take a whole week off from food delivery. After graduation, Kaiser hopes to land an entry-level IT job and scale back his Uber Eats and DoorDash hours. But for now, he said he values his food delivery gigs, which have provided him not only a flexible income stream but some positive social interactions.
Persons: , Joseph Kaiser doesn't, Kaiser, Uber, Zers, Gen, who's, Kaiser's, I've Organizations: Service, University of Central, Business, Kohl's, Microsoft, Nissan Locations: University of Central Florida, Kohl's, Kaiser
Read previewSnap's invite-only creator program was a buzzy topic of conversation last year in the influencer industry. The program, known as Snap Stars, gained initial popularity for its lucrative paydays based on its stories ad-revenue-sharing model. But these payouts aren't the only way Snap Stars can make money. For instance, online travel agency Priceline was among the first brands to work with Snapchat creators through the Snap Star Collab Studio program early last year. The Snap Star Collab Studio program is similar to TikTok's creator marketplace where brands can pitch creators directly.
Persons: , Priceline, influencer Mia Finney, she's, Finney, Chantel Jeffries, Jeffries, Katie Feeney, Katie Austin, Kohl's Organizations: Service, Business, UCLA, US Navy, L'Oreal, NYX, Penn State, Comcast, Kohl's Locations: Los Angeles, Austin
To use precise consumer data, advertisers now must work directly with the company that owns that data — like the retailer that knows what its customers bought or the media company that knows what its audience watched. Streamers including Netflix are building new ad businesses, while platforms like YouTube are trying to bolster their existing ad businesses with more content, such as live sports. "In a world of less data or worse data, whoever has the least-bad data wins," Brian Wieser, an advertising-industry analyst, told Business Insider. Even companies that aren't traditional retailers, such as Uber and Marriott, have kick-started ad businesses. The pandemic pushed the world to embrace streaming services.
Persons: Ana Milicevic, Brian Wieser, Sephora, Morgan Stanley, Milicevic, Neal Mohan, Vinny Rinaldi, Hershey's, Taylor, it's, Weiser, Wieser, influencers Organizations: Data, Apple, Sparrow Advisers, Walmart, Netflix, Companies, Retailers, Target, Marriott, Amazon, Major League Soccer, NFL, Columbia, Bose, YouTube, Advertising, Comcast, Hulu, Meta Locations: California, influencers
REUTERS/Mike Segar/File Photo Acquire Licensing RightsDec 1 (Reuters) - Retailers like Amazon.com and Foot Locker are signaling optimism for holiday season sales after stronger-than-expected figures during Black Friday and Cyber Monday, as heavy discounts lured budget-strained customers on the peak U.S. shopping days. Early estimates on holiday shopping have been encouraging to some investors after retailers sounded cautious notes in the lead-up to the season. "We know we're buying for wallet share with a value-conscious consumer this holiday season. Deep discounts have been a key feature heading into this year's holiday shopping season and holiday discounts could get even bigger in December, according to some retail executives. Kohl's (KSS.N) CEO Tom Kingsbury said last week the company was "coming out on holiday very aggressively in terms of promotions."
Persons: Mike Segar, Jimmy Lee, we've, Mary Dillon, Tom Kingsbury, Cos, Jason Benowitz, Deborah Sophia, Juby Babu, Pooja Desai Organizations: REUTERS, Adobe Analytics, National Retail Federation, Wealth Consulting, Amazon, Black, BofA, Walmart, Abercrombie, Fitch, American Eagle Outfitters, Roosevelt, Thomson Locations: Robbinsville , New Jersey, U.S, Bengaluru
Ulta Beauty shares pop as sales climb 6%
  + stars: | 2023-11-30 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +4 min
Shoppers arrive at an Ulta Beauty store in Las Vegas, Nevada, on May 22, 2023. Shares of Ulta Beauty rose in after-hours trading Thursday, as the company said its third-quarter sales rose while shoppers showed once again they're willing to spend on fragrances, skin care and more even when the budget is tight. The specialty beauty retailer raised the bottom end of its range for full-year sales and earnings expectations. Comparable sales, a metric that tracks Ulta stores open at least 14 months along with online sales, increased 4.5% year over year. Kimbell noted the resilience of the beauty category in nearly every economic environment.
Persons: Dave Kimbell, Ulta, Scott Settersten, Paula Oyibo, Ulta's, Kimbell Locations: Las Vegas , Nevada, LSEG, U.S
While short bets are mounting in these stocks in recent weeks, some of the upward momentum could be due to a short squeeze playing out. Electric vehicle maker Fisker also saw short interest rise more than 10% to more than 49% of its float. That included artificial intelligence stock C3.ai, with short interest down a little over 3% to about 35% of shares outstanding. Short interest climbed 8% to 32.6 million shares shorted. Short interest increased 6% during the period to more than 27 million shares.
Persons: Fisker, Kohl's, Atmus, , Fred Imbert Organizations: Nasdaq, CNBC Pro, New York Stock Exchange, Holdings, Luminar Technologies
Despite the seeming rush to shop, this Black Friday ushered in moderately higher promotions over last year and mixed in-store traffic, according to some Wall Street analysts. Black Friday winners Value-focused shopping destinations seemed to win big Friday, based on annual store checks from a slew of Wall Street shops. The Black Friday shopping extravaganza also ushered in some bullish sentiment toward Shopify . Black Friday losers Not every popular retailer seemed to kick off the holiday shopping period on a strong note. While Lululemon drove strong in-store traffic, helped in part by advertising use in Black Friday markdowns, Nike and Under Armour both showed higher promotions, said Piper Sandler's Abbie Zvejnieks.
Persons: Michael Lasser, Bradley Thomas, Thomas, Kohl's, Morgan Stanley, Alex Straton, Goldman Sachs, Kate McShane, JPMorgan's Matthew Boss, Piper Sandler's Korinne Wolfmeyer, Morgan Stanley's Keith Weiss, Bhavin Shah, shouldn't, Nordstrom, Straton, Lululemon, Armour, Piper Sandler's Abbie Zvejnieks, lululemon Organizations: Adobe Analytics, UBS, Walmart, KeyBanc Capital, Dick's Sporting Goods, Body, Deutsche, Eagle Outfitters, Nike Locations: U.S
Many retailers are bracing for a bleak holiday shopping season. AdvertisementShoppers are finally feeling the weight of inflation and many retailers are bracing for a bleak holiday season . The trade association said this year's outlook has returned to pre-pandemic levels, with an average annual holiday increase of 3.6% from 2010 to 2019. AdvertisementAnalysts say the positive same-store sales from quarter to quarter suggest that the off-price retailers are gaining market share. TJX stores, which include TJ Maxx and Marshalls, have become increasingly valuable for brands to supply to.
Persons: , Rebecca Duval, Nordstrom, Ross, Bernstein, Aneesha Sherman, TJ, Simeon Siegel Organizations: Service, National Retail Federation, Fashion, Department, Nordstrom, TJX Companies, Burlington, Analysts, Yahoo Finance, TJ Maxx, Marshalls, BMO Capital Markets Locations: Ross, Burlington
But she's driving less due to burnout, lower pay, and poor customer tipping. AdvertisementSusan, a single mom in Cincinnati, Ohio started driving part-time for Uber in 2016 — in addition to her full-time job — to support herself and her son. She's been driving less since early November, when she started working part-time at Kohl's for about $15 an hour. Susan's top piece of advice for other Uber drivers: understand your market. Despite her recent challenges with Uber, Susan said having control over her hours has been a major perk.
Persons: Susan, Uber, she's, , didn't, she'd Organizations: Service, Business Locations: Kohl's, Cincinnati , Ohio, Cincinnati
[1/6] People load up their newly purchased items from Best Buy on Black Friday in Wheaton-Glenmont, Maryland, U.S., November 24, 2023. A record 130.7 million people are expected to shop in stores and online in the U.S. on Black Friday this year, the National Retail Federation (NRF) estimates. But at 6 a.m. on Friday at a Walmart in New Milford, Connecticut, the parking lot was only half full. "It's a lot quieter this year, a lot quieter," said shopper Theresa Forsberg, who visits the same five stores with her family at dawn every Black Friday. And the rise of online shopping has reduced the importance of Black Friday as a single-day event.
Persons: Leah Millis, Cowen, David Klink, Theresa Forsberg, Michael Brown, Kearney, Jeff Gennette, Jimmy Lee, there's, Bergdorf Goodman, Nordstrom, Oscar de, Carlos Araejo, Ruiz, It’s, , Paul Aheren, Puma, Siddharth Cavale, Helen Reid, Arriana McLymore, Katherine Masters, Andrew Hay, Bianca Flowers, Danielle Broadway, James Davey, Deborah Sophia, Miral Fahmy, Nick Zieminski, Frances Kerry Organizations: REUTERS, Shoppers, Huntington Private Bank, Walmart, Target, National Retail Federation, Garden, Insider Intelligence, Macy's, Adobe Analytics, Wealth Consulting, Amazon, Adobe, Nordstrom, , Saks, Puma, Israel Football Association, IFA, Thomson Locations: Wheaton, Glenmont , Maryland, U.S, RALEIGH, N.C, New Milford , Connecticut, Paramus , New Jersey, Indianapolis, Israel, Palestine, United States, Dallas, Raleigh, Crabtree, Boston
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