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Search resuls for: "HanesBrands"


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☆ Stocks week ahead: How the midterms could affect Wall Street
  + stars: | 2022-11-06 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +8 min
Investors are more than happy when politicians bicker but don’t actually enact any new laws that may hurt corporate profits. If Republicans get the House, tax hikes are dead in the water,” said David Wagner, a portfolio manager with Aptus Capital Advisors. That’s because there are some areas of consensus for the White House and Republican lawmakers. Congress and the White House may spend more time bickering than trying to pass legislation. Ameriprise chief market strategist Anthony Saglimbene said on a conference call last week about the midterms that stocks have historically gone up after elections, no matter which party controls the White House and Congress.
☆ The Fed, earnings, jobs and China: How we think about this week's deluge of data
  + stars: | 2022-11-04 | by ( Zev Fima | ) www.cnbc.com   time to read: +8 min
It is very premature, in my view, to think about or be talking about pausing our rate hikes. The news sent those stocks reliant on China for growth — Starbucks, Estee Lauder and Wynn Resorts, among many others — higher. Or bad news could just be bad news if weak data signals a recession ahead. And good news could be good news: for example, if China reopens and U.S. companies exposed to the region see a boost in demand. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ Wells Fargo double downgrades Hanesbrands, says it can fall 30% on macro and balance sheet pressures
  + stars: | 2022-10-31 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
Sock and underwear maker Hanesbrands could fall more than 30% as it faces several major business challenges, Wells Fargo said in a double downgrade of the stock. Hanesbrands shares, which are already down by more than 50% this year, could now face still more pressure as it deals with higher cotton and logistics costs, as well as lower demand in the spring season. Hanesbrands is also at risk of breaching its leverage ratio debt covenants, Wells Fargo said. As a result, Hanesbrands may have to refinance its debt next year as it deals with rising interest rates, according to the note. That puts the company's dividend, currently yielding an above average 8.2%, in jeopardy, Wells Fargo said.
☆ Stocks making the biggest moves in the premarket: Wynn Resorts, Petrobras, Hanesbrands and more
  + stars: | 2022-10-31 | by ( Peter Schacknow | ) www.cnbc.com   time to read: +2 min
Petrobras (PBR) – The Brazilian state-run oil company's shares slid 8.5% in premarket trading after Luiz Inácio Lula da Silva defeated Jair Bolsonaro in the Brazilian presidential election. Hanesbrands (HBI) – The apparel maker received a double-downgrade at Wells Fargo Securities, which cut the stock's rating to "underweight" from "overweight." Wells Fargo is concerned about the company's debt position, as well as business headwinds that it feels are largely out of management's control. Wells Fargo said the original downgrade came amid concerns about cord-cutting and the rising cost of sports rights, and that the situation has worsened since then. Keurig Dr Pepper (KDP) – The beverage maker's stock fell 1.8% in premarket trading after Truist Securities downgraded it to "sell" from "neutral."
☆ Stocks making the biggest moves midday: Wynn Resorts, TuSimple, Newell Brands, First Solar and more
  + stars: | 2022-10-31 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +4 min
Newell Brands – Shares of Newell Brands, a consumer goods manufacturer, slipped 7.3%. Paramount Global –Shares of Paramount Global shed 3.6% after being downgraded by Wells Fargo Securities to underweight from equal weight. Meta Platforms – Shares of Meta Platforms fell 5.5%, leading declines in megacap technology stocks following disappointing earnings results last week. The firm has an equal weight rating on the stock. Amgen — The biopharma stock dipped 1.5% after Barclays downgraded Amgen to underweight from equal weight, saying investor enthusiasm ahead of an obesity drug update next week may be overdone.
☆ Here are Monday's biggest analyst calls: Tesla, Apple, Southwest, Uber, Roku, Home Depot, AMD & more
  + stars: | 2022-10-31 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
UBS downgrades Caterpillar to neutral from buy UBS said in its downgrade of Caterpillar that it sees a more "balanced risk/reward." Morgan Stanley upgrades Pure Storage to overweight from equal weight Morgan Stanley said in its upgrade of the data flash storage company that it sees "share gains and growing value proposition." Morgan Stanley reiterates Southwest as a top pick Morgan Stanley says it has "solid confidence" in shares of Southwest. Morgan Stanley reiterates Charles Schwab as a top pick Morgan Stanley says it's standing by the stock despite shares underperforming. Oppenheimer reiterates Uber as outperform Oppenheimer says Uber shares have a "compelling value proposition" ahead of earnings on Tuesday.
☆ 15 risky and hated stocks that could rally if market keeps bouncing
  + stars: | 2022-10-19 | by ( Sarah Min | ) www.cnbc.com   time to read: +3 min
The major averages are up this week on the back of those results, with the S & P 500 roughly 3.8% higher. When a beaten-up stock market is bouncing off recent lows, the most hated names are sometimes what leads the way back. We screened for risky and hated names in the S & P 1,500 Composite Index. These stocks are down more than double the broader market this year, and have more than 10% of their tradable shares shorted. About 38% of tradable shares are being shorted.
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