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☆ Citi downgrades Target, says concerning sales trends make stock not worth buying
▼ + stars: | 2023-06-09 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors should stay away from Target amid concerns that sales may have peaked, Citi warned. Analyst Paul Lejuez downgraded the retail giant to neutral from buy and cut his price target to $130 from $177. Lejuez's new target implies the stock will fall nearly 1% in the next year from where shares finished Thursday. "Despite the recent stock pressure, we cannot recommend investors buy the stock," he said in a note Friday, adding that "risk is more to the downside near term." "It is the primary reason TGT has been our lowest ranked Buy-rated stock for some time, but we are concerned now more than ever, and we can no longer recommend that investors Buy TGT."

Persons: Paul Lejuez, Lejuez, it's, —, TGT, Michael Bloom Organizations: Citi, Walmart

☆ Facebook is this creator's primary platform. Here's how she makes money with 285,000 followers, and what she earns.
▼ + stars: | 2023-06-01 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +4 min

Brown, now 26, is a content creator on the platform with 285,000 Facebook followers. Unlike many creators who have taken to TikTok, Instagram, or YouTube to build a career, Brown's audience is primarily on Facebook. Brown started making money as a creator through Facebook's Reels Play Bonus program in July, which paid creators a monthly sum for accumulating views on their reels. But come March, Facebook paused its bonus payouts to focus on its ad-revenue-share program Ads on Reels. Reels Play Bonus: Though Meta ended its Reels Bonus Program, Brown earned about $1,200 each month from Facebook through this while it lasted.

Persons: Shaniece Brown, Brown, she's, Meta, she'll Organizations: Facebook, Brown, Walmart, Burlington Coat Factory, Target Locations: Burlington, strategize

☆ Five takeaways about the consumer from Walmart, other retailers after a big week of earnings
▼ + stars: | 2023-05-19 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +8 min

So far, at least five retailers – Target, Walmart, Tapestry , Bath and Body Works and Foot Locker – have spoken about sales trends across the country getting worse. The retailer's comparable sales in the U.S. declined 4.6% in the quarter versus the year-ago period. Target, Home Depot and Walmart all saw a noticeable pattern: Fewer pricey and fun items in shopping carts. At Home Depot, customers bought fewer big-ticket items like appliances and grills in the fiscal first-quarter. Customers at Walmart have become more selective when shopping for electronics, TVs, home items and apparel, Rainey told CNBC.

Walmart — Shares of the big box retailer rose slightly after the company reported an earnings and revenue beat for the fiscal first quarter. However, its adjusted earnings guidance for the fiscal second quarter came in lower than expectations. Bath & Body Works — The retailer's shares jumped more than 9% after its fiscal first quarter earnings topped expectations. Take-Two Interactive — Shares surged almost 13% and hit a new 52-week high following the company's earnings announcement Wednesday. To be sure, the company's guidance for bookings in the first-quarter and full-year fell below Wall Street's expectations.

☆ Top chart analyst sees trouble ahead for this retail bellwether beating the market
▼ + stars: | 2023-04-15 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

Trouble may be in store for Walmart — a stock which has been outperforming the major market indexes. Worth sees particular trouble ahead for the stock at $140 level. "The P/E is high-ish, but it's actually not quite as high as it seems because they've been spending, spending, spending," she said. Retail sales recorded a 1% drop in March — a bigger drop than Wall Street was expecting. Walmart shares fell almost 2% last week, but they're up about 5% so far this year.

☆ Stocks making the biggest premarket moves: RH, Charles Schwab, Walmart and more
▼ + stars: | 2023-03-30 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Philip Morris International — The tobacco maker gained 1.8% following an upgrade by JPMorgan to overweight from neutral. Walmart — Shares of the retail giant rose about 1.5% in premarket trading after Evercore ISI upgraded Walmart to outperform from in-line. Fluence Energy — The energy storage company popped 5.7% following an upgrade by Goldman Sachs to buy from neutral. Peabody Energy — Shares of the major coal producer slid 0.8% after the company confirmed a fire at its Shoal Creek Mine. UBS — U.S.-listed shares of the Swiss bank rose more than 2% in premarket trading, a day after UBS announced Sergio Ermotti would return as CEO to oversee the takeover of Credit Suisse.

☆ Stocks making the biggest premarket moves: Walmart, Home Depot, Vir Biotechnology and more
▼ + stars: | 2023-02-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading:Walmart — Walmart shares fell about 4% before the bell after sharing a cautious outlook for the year as consumers trade down and purchase fewer discretionary items. Home Depot — The retail stock dropped 4% in premarket trading after Home Depot's fourth-quarter report showed lighter-than-expected sales. Home Depot reported $3.30 in earnings per share on $35.83 billion of revenue. Vir Biotechnology — The immunology company jumped nearly 11% after being upgraded to buy from neutral by Goldman Sachs. HSBC cited strong reported revenue growth and lower reported operating expenses.

☆ Walmart throws shade at Amazon over new $150 minimum for free grocery delivery
▼ + stars: | 2023-02-01 | by ( Ben Tobin | Alex Bitter | ) www.businessinsider.com time to read: +3 min

Amazon Prime members will soon need to spend $150 to get free grocery delivery via Amazon Fresh. Walmart wasted no time taking aim at its rival over the change to free grocery delivery. "That Fresh $150 free delivery minimum is looking pretty stale right about now," Walmart wrote in a tweet. In January, Amazon said that it would raise the minimum order amount for free delivery to $150 for Prime members. Founded in September 2020, Walmart+ offers members similar perks to Amazon Prime, such as free pickup and delivery from stores.

☆ Bright lights and snazzy mannequins: Walmart rolls out sleek new store designs
▼ + stars: | 2023-01-28 | by ( Melissa Repko | ) www.cnbc.com time to read: +7 min

In company surveys, he said nearly every shopper said the store's displays and mannequins encouraged them to browse longer. Walmart's new store design includes displays that show off how a customer could decorate a nursery or kitchen. Melissa Repko | CNBCWashington declined to share data about Walmart's store traffic and sales at its Springdale store and other flagships that have opened in recent months. Visits to its Walmart store in Springdale, Ark. Victor Millan, of Ridgefield Park, New Jersey, makes weekly shopping trips to the Walmart in Teterboro for groceries and other items.

☆ MyPillow CEO Mike Lindell says he will take no salary if he gets elected as RNC chair
▼ + stars: | 2022-12-06 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Mike Lindell says he won't take a paycheck from the Republican National Committee if he's elected chair. Lindell told Insider he has secured support in at least six states for his bid for RNC chair. "But I would not take a paycheck from the RNC, I'd put all the money back into it," Lindell told Insider on Monday. Lindell also told Insider he's been reaching out to every delegate in the RNC since he announced his run last week. Yeah, I think I do," Lindell told Insider.

☆ CNBC Stock World Cup: Berkshire Hathaway vs Walmart — who wins?
▼ + stars: | 2022-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Stock World Cup: Berkshire Hathaway vs Walmart — who wins? In CNBC's Stock World Cup challenge, Brian Arcese of Foord Asset Management weighs in on whether Berkshire Hathaway or Walmart is a better bet in giving investors a greater total return in the next year.

☆ Stocks making the biggest moves midday: Walmart, Taiwan Semiconductor, Netflix, Carnival and more
▼ + stars: | 2022-11-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Walmart — Shares of retailer Walmart jumped more than 7% after reporting quarterly earnings that beat Wall Street's expectations and raising its forward guidance. Retail stocks — Retail stocks rose following Walmart and Home Depot 's stronger-than-expected financial reports for the third quarter. Signature Bank — Shares of the crypto bank jumped more than 10% after Signature reported minimal exposure to FTX and any potential destruction that could come from its collapse. Sunnova Energy — Shares of solar company rose 7.5% after Deutsche Bank initiated coverage of Sunnova Energy, First Solar and Enphase Energy with buy ratings. First Solar was up 3.2%, and Enphase Energy rose 2%.

Most of us think we're getting a deal when we shop at the dollar store. But after talking to some financial experts, I've started to realize that not every item at a dollar store is a deal. Carey found that at Dollar Tree, 120 ounces cost $15, while 164 ounces of the same detergent at Walmart cost $12.74. ToothpasteA quick grab you might be tempted to pick up at a dollar store is toothpaste to have around the house. While some of these savings might be just a few cents, this can add up overtime, especially if you're filling up a cart at a dollar store.

☆ Shopify's latest fintech product looks to demystify sales tax rules that have grown increasingly complex for merchants and rivals like Amazon
▼ + stars: | 2022-10-12 | by ( Madeline Stone | ) www.businessinsider.com time to read: +5 min

The launch of Shopify Tax comes as collecting sales tax has grown increasingly complex for Shopify merchants — and for the company's e-commerce rivals, like Amazon. "The world of sales tax has gotten a lot more complicated," Lauren Stinson, a partner and national leader in sales and use tax at Cherry Bekaert, said to Insider. Sales tax rules reveal a key difference between Shopify and AmazonShopify's biggest rival, Amazon, didn't collect sales tax on its third-party marketplace sales for years. But new laws for marketplaces introduced over the last several years have changed Amazon's responsibilities regarding sales tax. Amazon — and other marketplaces like Etsy and Walmart — are now considered "marketplace facilitators," according to Diane Yetter, founder of the Sales Tax Institute and president of Yetter Tax, a sales tax consulting and education business.

☆ How to turn the job you have into the job you want
▼ + stars: | 2022-09-21 | by ( Ebony Flake | ) www.businessinsider.com time to read: +6 min

While searching through books at the intersection of business, careers, and self-improvement, Insider's correspondent Shana Lebowitz Gaynor realized she couldn't find what she was seeking. In her recently released book, "Don't Call It Quits: Turn the Job You Have into the Job You Love," the experienced journalist compiled the career advice she wanted to see in the world. Lebowitz Gaynor spoke with consultants, public-relations pros, lawyers, and a Broadway musician, all of whom at one time felt unfulfilled in their work. I started learning a bunch of mindsets and habits that would really help me effectively manage my career," Dea said. In her book, Lebowitz Gaynor acknowledges the role of background and life experience in the decision to quit.

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