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☆ S&P 500 futures are little changed after major indexes post third straight losing day: Live updates
▼ + stars: | 2023-08-17 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

S&P 500 futures were little changed Thursday night after the major averages dropped for a third straight day. Dow Jones Industrial Average futures rose by 11 points, or 0.03%. S&P 500 futures and Nasdaq 100 futures dipped 0.02% and 0.12%, respectively. Meanwhile, the S&P 500 declined 0.77%, and the Nasdaq Composite slid 1.17%. Meanwhile, the S&P 500 is headed for a third straight week of losses, a streak that hasn't happened since February.

Persons: Group's Guy Adami, CNBC's, Dow Organizations: NYSE, Dow Jones Industrial, Nasdaq, Materials, Ross Stores, Dow, Treasury, Federal Reserve, Dow Transports, Russell, Palo Alto Networks

☆ Stocks making the biggest moves after hours: Applied Materials, Ross Stores and more
▼ + stars: | 2023-08-17 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Applied Materials — Applied Materials rose nearly 2% in extended trading after beating analysts' expectations on the top and bottom lines in its fiscal third-quarter results. The semiconductor equipment maker posted adjusted earnings of $1.90 per share, greater than the $1.74 per share expected by analysts polled by Refinitiv. Ross Stores — The retail stock popped 5.7% in extended trading after Ross Stores topped forecasts for its second quarter. Analysts polled by Refinitiv had expected 41 cents in earnings per share on revenue of $282 million. The online luxury retailer posted revenue of $572 million, lower than the consensus estimate of $649 million from Refinitiv.

Persons: Bill Holdings, Bill, Refinitiv, Keysight, FactSet, Farfetch Organizations: Applied, Refinitiv . Revenue, Ross Stores, Holdings Locations: Santa Clara , California, Refinitiv

☆ Stock futures are little changed Wednesday night: Live updates
▼ + stars: | 2023-08-16 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange on August 16, 2023 in New York City. Stock futures were near flat on Wednesday night as investors digested the Federal Reserve's latest commentary that future rate hikes are not out of the picture. Futures tied to the Dow Jones Industrial Average added 20 points, or 0.06%. S&P 500 futures traded near the flat line, while Nasdaq 100 futures inched lower by 0.07%. Wolfspeed plunged 14% following the company's fiscal fourth-quarter earnings report, which missed expectations on the bottom line.

Persons: Wolfspeed, Sam Stovall Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Computer, Cisco Systems, Dow, CFRA, Walmart, Ross, Applied, Keysight Technologies, Traders Locations: New York City

☆ What we want to see from retail sales and 3 Club earnings in the week ahead
▼ + stars: | 2023-08-12 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

State of the consumer: Retail sales for July are out on Tuesday. Key retail earnings reports from Walmart (WMT), Target (TGT) and Tapestry (TPR) will also provide clues on the health of the consumer. Earnings : On Wednesday morning, we hear from Club holding TJX Companies (TJX). Prior retail sales data has shown monthly sales growth at clothing and clothing accessory stores accelerate throughout the quarter, rising 0.14% monthly in April, 0.3% in May and 0.6% in June. For those looking to review first-quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.

Persons: We'll, Estee Lauder, we've, Palo, Cardinal Health, JD.com, Brinker, BILL, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Dow Jones, Investors, Walmart, TJX Companies, Palo Alto Networks, Embraer, Energy, Getty, Sea Ltd, Cardinal, Nu Holdings, Housing, ZIM, Food, Colgate, Palmolive, Cisco Systems, Chemical & Mining, Keysight Technologies, Ross Stores, Deere & Company, Alto Networks, Jim Cramer's Charitable, CNBC Locations: China, Dole, DOLE, Manhattan, New York City

☆ Retailers take center stage in the week ahead, as Wall Street turns to the consumer for a much-needed boost
▼ + stars: | 2023-08-11 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

A raft of economic data and big retail earnings reports next week will give traders insight into the strength of the consumer after a mixed batch of inflation data. "Next week is all about the consumer," said Shannon Saccocia, investment chief at NB Private Wealth. The Nasdaq Composite fell for a second straight week for the first time in 2023 after mixed inflation data this week, as well as Moody's downgrading several regional banks. July's consumer price index came in weaker than expected, but continued to show some underlying stickiness. Housing data expected to show strength Investors will also watch data on what has been a strong housing market.

Persons: Shannon Saccocia, Saccocia, —, we've, John Porter, it's, Wealth's Saccocia, Kate Spade, Stuart Weitzman, Versace, Jimmy Choo, Michael Kors, That's, Sam Stovall, Stovall, CFRA's Stovall, Estee Organizations: Home Depot, Walmart, Federal Reserve, Nasdaq, Dow Jones, Newton Investment Management, FactSet, . Discount, TJX Companies, Ross, Homeowners, Price, Retail, Health, Home, Agilent Technologies, Housing, Manufacturing, TJX, Target, Cisco Systems, Philadelphia Fed, Applied, Deere, Co, Companies, Palo Alto Locations: U.S, NAHB, Housing States

☆ Target is rolling out Starbucks curbside pickup across the country as it looks for sales jolt
▼ + stars: | 2023-08-09 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Target is looking to jolt sales by adding Starbucks drinks and food to its curbside pickup service at stores across the country. The retailer began testing the Starbucks curbside pickup service at some stores in the fall. Target's curbside pickup service, Drive Up, helped fuel the company's e-commerce and sales growth during the Covid-19 pandemic. Yet, according to Target, curbside pickup has led to more business. That explains why Target has added other features and more items to curbside pickup, including beer and wine.

Persons: curbside, Target, Howard Schultz, — CNBC's Amelia Lucas Organizations: Target, Starbucks

Eva Marie Uzcategui | Bloomberg | Getty ImagesIt's not your imagination: Companies are getting stingier with customer rewards. Raising the barSome of the biggest shifts in customer perks have come in the airline industry. At many retailers, customers must now pay a return fee if they want to ship back unwanted clothing, shoes or other items. "To drive that online demand, free shipping and free returns were put in place, but now we all know it costs significant money," he said. Both companies aim to make sure membership isn't shared with people who aren't paying, particularly as the companies chase new avenues of growth.

Persons: Eva Marie Uzcategui, Dunkin, Cowen, David Garfield, Yuping Liu, Stephanie Keith, Marshal Cohen, Circana, Nordstrom, Christopher Dilts, Kohl's, Macy's, they're, Amit Sharma, Heidi Isern, Levi Strauss, Ann Taylor, Crocs, Brooks, reining Organizations: Brickell City Centre, Bloomberg, Getty, Retailers, Ross, uptick, American Airlines, Delta Air Lines, United Airlines, Old Dominion, Strome School of Business, LaGuardia, American Express, American, IRI, NPD, Urban Outfitters, Abercrombie, Fitch, Nordstrom, Amazon, Foods, Netflix, Costco Locations: Brickell, Miami , Florida, Queens, New York, Delta, Schaumburg , Illinois

☆ TD Cowen upgrades Ross Stores, citing uptick in off-price retail traffic
▼ + stars: | 2023-08-03 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

TD Cowen thinks investors are overlooking a buying opportunity in Ross Stores . Analyst John Kernan upgraded the retailer's stock to outperform from market perform and raised his price target to $128 from $113. Kernan's price target implies upside potential of 14.5% from Wednesday's close. According to Kernan, data from Cowen's consumer tracking survey indicates a sequential uptick during May, June and July in visitation to off-price vendors such as Ross. The survey indicated that traffic in Ross Stores reached a peak of 25% in May before easing slightly in June, and then reaccelerating to 25% in July.

Persons: Cowen, John Kernan, Kernan, Ross, — CNBC's Michael Bloom Organizations: Ross Stores Locations: Wednesday's

☆ The 'broadening out' rally is real. Here's how to play it
▼ + stars: | 2023-07-25 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The S & P 500 is up 2.3% this month, but the market really is broadening out , and former market leaders (tech and consumer discretionary) are lagging. You might be surprised to discover that about 60 of the 100 companies in the Nasdaq 100 are not technology companies. The Nasdaq 100 includes Airbnb, Marriott, Costco, GE Healthcare, Ross Stores, and Honeywell. First Trust Nasdaq-100 Ex-Technology ( QQXT ) tracks an equal-weighted index of Nasdaq 100 stocks that excludes technology companies. The ProShares S & P Ex-Technology ETF ( SPXT ) tracks a market-cap-weighted index of U.S. large-cap stocks, excluding firms in the technology sector.

Persons: Banks, Russell, Todd Sohn, Dan Ives, Rush, Ives Organizations: Energy, Dow, Technology, Nasdaq, GE Healthcare, Ross Stores, Honeywell, There's, Trust, Ex, Microsoft, Nvidia, Thrones, Oracle, Apple, IBM, Meta, Adobe Locations: Financials, Marriott, Costco

☆ It's not just Tesla and Rivian — electric batteries are also shaking up the landscaping aisle
▼ + stars: | 2023-06-30 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

In this article LOWHD Follow your favorite stocks CREATE FREE ACCOUNTSome landscaping crews have begun to use battery-powered tools. Outdoor power equipment drives just a small fraction of the retailers' sales, said Zack Fadem, an analyst for Wells Fargo. Yet several more recent factors have increased interest in electric power for landscaping. Tractor Supply , a home improvement player that tends to be in rural areas, has been slower to add battery-powered outdoor equipment. At TPC Sawgrass in Florida, the landscaping crew has tried out an autonomous battery-powered mower and uses some electric leaf blowers.

Persons: Lowe's, Zack Fadem, Wells, Bill Boltz, Melissa Repko, Billy Bastek, John Deere, Stanley Black, Decker, Mary Winn Pilkington, it's, Jeff Plotts Organizations: Home Depot, Power Equipment Institute, CNBC, Technology, California Air Resources Board, Tractor, TPC Sawgrass Locations: California, Wells Fargo, New York City, Canada, Home, Los Angeles, Las Vegas, Toro, Ryobi, Milwaukee, Florida

☆ Wall Street shows ongoing frustration with an entertainment giant, sees gains ahead for 2 retailers
▼ + stars: | 2023-06-29 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

DIS YTD mountain Disney's year-to-date stock performance. Over the past 12 months, Disney's performance has been worse, falling nearly 8%. So, it's easy to understand KeyBanc's frustration with Disney's stock. TJX YTD mountain TJX Companies' year-to-date stock performance. AMZN YTD mountain Amazon's year-to-date stock performance.

Persons: Walt Disney, KeyBanc, Piper Sandler, Piper Sander, TJ Maxx, TJX, it's, we're, Jim Cramer's, Jim Cramer, Jim, Joe Raedle Organizations: TJX Companies, Disney, Management, Wall Street, Burlington Stores, Ross Stores, Marshalls, UBS, JPMorgan, Bloomberg, Federal Trade Commission, Amazon, Google, FTC, CNBC, Walt Disney World, Getty Locations: Orlando , Florida

☆ 10 things to watch in the stock market Thursday, including bank stress tests and a possible chip trough
▼ + stars: | 2023-06-29 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

U.S. banks go 23 for 23, passing this year's Fed's stress test, including Club names Wells Fargo (WFC) and Morgan Stanley (MS). KeyBanc downgrades Club name Disney (DIS) to sector weight from overweight (hold from buy) without a price target. Piper upgrades to neutral from underweight (hold from sell), Bank of America increases price target to $76 per share from $68. Piper Sandler initiates coverage on the off-price retailers, starting Club holding TJX Companies (TJX) with a buy-equivalent overweight rating and a $110-per-share price target. Cuts price target to $40 per share from $47.

Persons: Premarket, Wells, Morgan Stanley, KeyBanc, Sanjay Mehrotra, McCormick, Piper Sandler, Piper, Eli Lilly, Warren Buffett's Berkshire, Jim Cramer's, Jim Cramer, Jim Organizations: Dow, Nasdaq, Citi, Disney, Micron, Bank of America, Netflix, TJX Companies, Marshalls, Ross Stores, Burlington Stores, Pfizer, Credit Suisse, Occidental Petroleum, Warren, Warren Buffett's Berkshire Hathaway, Berkshire, Energy, Halliburton, HAL, JPMorgan, Jim Cramer's Charitable, CNBC Locations: Big, Maxx, HomeGoods

☆ Starbucks promises ‘clearer’ guidelines after Pride Month decor clash with union
▼ + stars: | 2023-06-27 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

New York CNN —Starbucks will clarify its policy on Pride decorations following criticism and strikes at unionized stores. Earlier this month, Starbucks Workers United, the union representing organized stores, claimed that Starbucks has restricted decorations celebrating Pride Month in locations in multiple states. Starbucks workers attend a rally outside the Starbucks Reserve Roastery in Seattle, Washington, on June 23, 2023. Starbucks workers outside of the Starbucks Reserve Roastery. Matt Mills McKnight/ReutersThere are roughly 9,300 company-operated US Starbucks stores in the United States, so unionized locations are relatively few, at this point.

Persons: ” Sara Trilling, ” Trilling, Matt Mills McKnight, ”, “ We’re, Michael Rosas, “, Starbucks, Rosas, — CNN’s Jordan Valinsky Organizations: New, New York CNN, Starbucks, Starbucks Workers United, Reuters, National Labor Relations Board, CNN, Pride, Twitter, Starbucks Workers, NLRB Locations: New York, Starbucks North America, Seattle , Washington, United States, Buffalo , New York, Buffalo

☆ Costco is asking employees to heavily monitor self-checkout at some stores — and customers are divided
▼ + stars: | 2023-06-22 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Customers say employees often intervene when they are trying to purchase lots of items or bulky products. Several self-checkout users said workers have rung up everything in their cart with a handheld scanner and sent them on their way. They also compared Costco's process unfavorably to those of retailers that allow customers to use handheld scanners for large or bulky items at self-checkout. "Your Costco has hand scanners for members? If I want to use the hand scanner I have to take my food to Home Depot," a shopper said.

Persons: — Organizations: Costco, Service, Shoppers, Costco Corporate, Sam's Club

☆ Online brands and companies like Nike are going old-school and returning to brick-and-mortar department stores
▼ + stars: | 2023-06-19 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

Online brands like Warby Parker and Allbirds are also opening brick and mortar shops. Brands that have moved away from department stores and physical shops in recent years are now pivoting back to traditional retail tactics after experiencing first-hand the difficulty of acquiring and retaining customers directly online. And they're not alone: even digital-first brands like Warby Parker and Allbirds have also opened new physical storefronts. A recent study by UBS predicted that retail stores would continue to close over the next five years and estimated that 50,000 shops would disappear by 2028. Nike has also recently announced that it's expanding partnerships with other physical retailers like Designer Brands and Foot Locker after years of steadily cutting its wholesale relationships.

Persons: it's, Warby Parker, Allbirds, —, they're, Simeon Siegel, Noble, Locker Organizations: Nike, Service, Brands, Journal ., Interim, Getty, BMO Capital Markets, International Council of Shopping Centers, Ross Stores, Barnes, Body Works, Walmart, UBS Locations: Macy's, Burlington

☆ Here are 'anti-inflation' stocks that outperform as prices ease
▼ + stars: | 2023-06-13 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Inflation continued to slow in May, and the stocks that have benefited from easing prices could continue to enjoy the boost. The inflation rate cooled in May to its lowest annual rate in about two years, with the consumer price index increasing just 0.1% for the month. A slew of stocks have historically tracked the opposite direction of rising prices, and they should continue to outperform the market as inflation cools, according to Bank of America analysis. The Wall Street firm created an "Anti-Inflation" screen with S & P 500 companies whose relative performance has a strong negative relationship — or beta — with inflation. Bank of America's screen also included other consumer discretionary names such as O'Reilly Automotive , Ross Stores , Home Depot and Lowe's .

Organizations: Bank of America, Bank of, O'Reilly Automotive, Ross Stores, Kroger

☆ Consumer spending is slowing, but these two Club retailers are well-positioned to ride out the storm
▼ + stars: | 2023-05-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

First-quarter earnings results from retailers this season have shown softer discretionary spending to be the primary headwind facing companies across numerous retail categories. If consumer spending declines too precipitously, it could help tip the U.S. economy into recession. The wholesale retailer's monthly comparable-sales reports have shown Costco shoppers scaling back on discretionary items and prioritizing consumer staples. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Shoppers wait in a check-out line at a Costco wholesale store in Orlando, Florida.

Persons: Mary Dillon's, Jim Cramer, Jim, we're, HomeGoods —, TJX, Jim Cramer's, Paul Hennessy Organizations: TJX Companies, Costco Wholesale, Lowe's Companies, Target, Walmart, Club, Fed, Ross, Costco, BJ's Wholesale Club Holdings, CNBC, Shoppers, Getty Locations: U.S, Orlando , Florida

☆ Stock futures rise slightly on Thursday evening: Live updates
▼ + stars: | 2023-05-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures moved higher in overnight trading Thursday as Wall Street continued monitoring the situation surrounding the debt ceiling. Futures connected to the Dow Jones Industrial Average added 40 points, or 0.1%, while S&P 500 and Nasdaq-100 futures gained 0.2% and 0.3%, respectively. Shares of Ross Stores oscillated in overnight trading after the off-price retailer beat on earnings but shared a cautious outlook. Stocks are coming off a positive session in which the S&P 500 and Nasdaq Composite jumped 0.94% and 1.51%, respectively, to hit their highest closing levels since August. Thursday's moves boosted the major averages' weekly gains, with the Nasdaq up 3.3% and the S&P 500 on pace to end 1.8% higher.

☆ Consumer spending trailing consumer sentiment lower. Look at Home Depot
▼ + stars: | 2023-05-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Recent consumer sentiment reports have been poor, so it's reasonable to assume the consumer spending backdrop has softened. The company is cutting guidance due to the weaker lumber prices, weather and is also citing "further softening of demand relative to our expectations, and continued uncertainty regarding consumer demand." If we are on the side of the American consumer (I am), then lower lumber prices are good, right? Running shoes are hot. Second case in point: On Holding (ONON), which makes the trendy ON running shoes, is up 94% YTD.

☆ Here's what to expect when Club apparel retailers TJX and Foot Locker report this week
▼ + stars: | 2023-05-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

Apparel retailers TJX Companies (TJX) and Foot Locker (FL) are set to deliver quarterly results this week, as consumers continue to be squeezed by a slowing economy and still-persistent inflation. Sneaker retailer Foot Locker reports Friday before the opening bell, with Refinitiv estimates showing revenue should have fallen by 8.3 % annually, to $1.90 billion, with EPS falling 49 % to, 81 cents. Foot Locker is going through a transitionary period as it reinvents itself, so our expectations are low for the first quarter. "Don't expect anything from Foot Locker," Jim Cramer said Monday. Foot Locker Inc. signage is displayed in the window of a store in New York, U.S. Michael Nagle | Bloomberg | Getty Images

☆ Jim Cramer expects defensive stocks to be resilient as debt ceiling talks drag on
▼ + stars: | 2023-05-15 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

With lawmakers in a stalemate about the debt ceiling, CNBC's Jim Cramer said Monday to put faith in defensive stocks like health care, discount stores, and natural gas. Cramer looked to the 2011 debt ceiling crisis for guidance, noting that even though history seems to be repeating itself, it's not as simple as finding what rallied after that deal was finalized. You want winners that stayed winners right through the worst of the debt ceiling talks," Cramer said. In the way of consumer-focused defensive stocks, Cramer pointed to Chipotle as a safe bet. "I wish I were less skeptical of a theoretical debt ceiling deal falling apart or coming together less than perfectly," Cramer said.

☆ How to trade this week's retail earnings reports
▼ + stars: | 2023-05-14 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

The home-improvement giant has also exceeded earnings expectations by 3.2% over the past 10 years. However, Home Depot shares are typically muted after the company reports earnings. Ross Stores, which also reports Thursday, has beaten earnings expectations 82.5%, too. The company has beaten analyst expectations 77.5% of the time, and its earnings per share have exceeded estimates by more than 3%. The company is slated to report earnings Thursday.

☆ Debt ceiling crisis hangs over markets, with investors hoping to avoid a repeat of 2011
▼ + stars: | 2023-05-13 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +8 min

Republicans, led by House Speaker Kevin McCarthy, want to attach spending cuts to any agreement to raise the debt ceiling. Biden and the Democrats say they are willing to talk about spending cuts but only outside the debt ceiling discussions. Raising the debt ceiling would allow the government to pay for spending that has already occurred. That year, the debt ceiling was raised at the last minute but not before a summer of bickering sent the S & P 500 down 17% from late July to mid-August. The market this past week stumbled with the debt ceiling deadline looming and over concern about regional bank failures.

☆ Good news for markets next week. Everyone agrees the debt ceiling 'X-date' is not here yet
▼ + stars: | 2023-05-12 | by ( Scott Schnipper | ) www.cnbc.com time to read: +6 min

Good news for markets next week: no default, no credit agency downgrade, no apocalypse. Worrying 2011 precedent Recent history tells investors that stocks will move more violently during a debt ceiling standoff. Retail sales update Debt negotiations aside, investors get updates next week on the state of American consumer spending when April retail sales are reported Tuesday alongside earnings from Home Depot. Deutsche Bank estimates that April retail sales expanded month over month by 0.7%, the market consensus. Credit Suisse is less optimistic, forecasting that April retail sales grew by 0.6%, but, excluding vehicles, were unchanged.

☆ As shoppers look for savings, Nordstrom hopes Rack stores can fuel its revival
▼ + stars: | 2023-05-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +9 min

The success or failure of the Nordstrom Rack turnaround effort could shape the company's future. Those chains such as T.J.Maxx , Ross Stores and Burlington Stores , have opened more stores and wooed new customers, driving higher foot traffic than Nordstrom Rack has seen. Nordstrom Rack stores outnumber the company's namesake stores, with 241 locations across the country, according to company filings. Nordstrom Rack stores accounted for more than 40% of new customers in 2022, CEO Erik Nordstrom said on the March earnings call. As it pins its growth hopes on the off-price locations, Nordstrom has turned Rack stores into e-commerce hubs, too.

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