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☆ Home Depot's comps will continue to moderate within its year of efficiency, says Nimrit Kang
▼ + stars: | 2023-11-14 | 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 EmailHome Depot's comps will continue to moderate within its year of efficiency, says Nimrit KangNimrit Kang, Chief Investment Officer and Senior Portfolio Manager at NorthStar Asset Management, discusses her expectations for Home Depot's earnings report.

Persons: Nimrit Kang Nimrit Kang Organizations: NorthStar Asset Management

The firm upgraded shares to neutral from sell in a Wednesday note, and slightly increased its target price to $5.50 from $5. The firm upgraded the offshore drilling company to overweight from equal weight in a Thursday note and raised its price target to $106 from $84. The bank reiterated a buy rating on Disney with a $120 per share price target, or about 42% upside from Wednesday's $84.50 close. Bank of America's Jessica Reif Ehrlich also reiterated a buy rating on Disney, albeit with a $110 per share price target, which implies more than 30% upside. The bank initiated coverage of the electric vehicle giant with a reduce rating accompanied by a $146 per share price target.

Persons: Goldman Sachs, Ygal Arounian, — Brian Evans, Bud Light, Carlos Laboy, BUD, Brian Evans, EBITDA, Stephanie Yee, Parker, Banks, Parker Hannifin, Nicole DeBlase, Eddie Kim, Brett Feldman, Bank of America's Jessica Reif Ehrlich, Bob Iger's, Michael Montani, Greg Melich, — Fred Imbert, Tesla, Michael Tyndall Organizations: CNBC, Tesla, HSBC, ISI, Analysts, Citi, Anheuser, Busch InBev HSBC, Busch InBev, Middle America, InBev, BUD, JPMorgan, Montrose Environmental, Deutsche Bank, Barclays, Disney, Bank of America's Locations: China, U.S, North America, Montrose, 3Q23, EBITDA, Valaris

☆ Here's what analysts say to do with Apple stock from here on out
▼ + stars: | 2023-11-03 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Apple continues to appease investors who are planning on holding the stock for the long term. The stock fell as much as 2.4% intraday Friday, one day after Apple's September quarter earnings showed a decline in total sales for a fourth straight quarter. Here's what analysts have to say about the outlook for Apple: Morgan Stanley Morgan Stanley remains "guarded" on Apple. The firm likes Apple's iPhone and Services revenues, tight discipline on operating expenses, its revenue growth catalysts and upside to earnings. The firm, which also kept its $225 price target, said it thinks Apple's December quarter results could be "largely uneventful."

Persons: Apple —, Apple, Morgan Stanley Morgan Stanley, Erik Woodring, Woodring, Morgan Stanley, Goldman Sachs Goldman Sachs, Goldman, Tim Long, Long, headwinds, James Cordwell, Wells Organizations: Apple, Barclays, Google TAC, JPMorgan JPMorgan Locations: Wells Fargo Wells, Wells Fargo

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Amazon, Uber, Coinbase, Carvana, Starbucks & more
▼ + stars: | 2023-11-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Friday biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by Apple shares after its earnings report on Thursday. Berenberg downgrades Estee Lauder to hold from buy Berenberg downgraded the stock after its disappointing earnings report earlier this week. Morgan Stanley reiterates Carvana as underweight Morgan Stanley said it's sticking with its underweight rating on the stock after its earnings report on Thursday. " Evercore ISI downgrades Fortinet to in line from outperform Evercore downgraded the cybersecurity company after its earnings report. JPMorgan reiterates Starbucks as overweight JPMorgan said the coffee giant is "still one to buy" after its earnings report on Thursday. "

Persons: Morgan Stanley, Apple, it's, downgrades Estee Lauder, Estée Lauder, Piper Sandler, Piper, OMCL, Key, Wolfe, Mizuho, C27E, JPMorgan downgrades, Papa John's, PZZA, Raymond James, Carvana, CVNA, Redburn, JPMorgan, SBUX, Guggenheim, GNRC Organizations: Apple, DOJ, Uber, Deutsche Bank, Molson Coors, Deutsche, HSBC, Moderna, Nvidia, Mizuho, JPMorgan, JPMorgan downgrades Fox, FOX, Barclays, Retail, Evercore, billings, Guggenheim, Citi, Cedar, Flags, ~$

☆ A slower holiday sales season won't be a problem for these 4 consumer companies
▼ + stars: | 2023-11-02 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

Holiday sales growth is expected to be sluggish this year as shoppers continue to get squeezed by sticky inflation. "Shoppers are setting strict budgets for their holiday shopping," BofA said in a recent note. And, on Wednesday evening, the company said October net sales rose 4.5% year-over-year to $18.53 billion, continuing a streak of monthly sales growth. TJX YTD mountain TJX Companies YTD TAG expects holiday sales at off-pricers to grow 6% year over year, which would be faster than last year's 4.3% increase. Black Friday and Cyber Monday will remain popular holiday shopping events, the analysts anticipate, as more shoppers spread out their holiday purchases.

Persons: BofA, discounters, Andy Jassy, Jim Cramer's, Jim Cramer, Jim, Eduardo Munoz Organizations: Club, Bank of America, Shoppers, Starbucks, Costco, TJX Companies, BofA, China comps, comps, TJX, Marshalls, TAG, Amazon, Deal, CNBC, People Locations: China, China comps ., Maxx, HomeGoods, U.S, Canada, New York City

☆ Starbucks' quarterly results reassure investors with a 'show me story'
▼ + stars: | 2023-11-02 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Investors feared that the coffee maker's long-term targets of 10% to 12% revenue growth and 15% to 20% earnings growth were in jeopardy. And as the market lost confidence in the targets, Starbucks' stock price fell to $90 a share by the start of October — when we most recently added to our position — down from around $100 in August. But on Thursday following the results, investors heard a much more compelling story from Starbucks — forcefully pushing back against the bear case. The power of Starbucks' brand is driving strong traffic and sales growth, despite the uncertain macroeconomic environment. As such, we reiterate our 1 rating , meaning we would be buyers of Starbucks stock at these levels.

Persons: Laxman Narasimhan, China comps, Narasimhan, Howard Schultz, Jim Cramer's, Jim Cramer, Jim, Gabby Jones Organizations: Starbucks, Revenue, Investors, Management, CNBC, Bloomberg, Getty Locations: North America, U.S, China, New York

☆ Here's the 'most important metric' as Wall Street gears up for Apple's upcoming earnings report
▼ + stars: | 2023-11-01 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Investors are focused on Apple's iPhone sales in China and the company's outlook for the holiday quarter. Here's what Wall Street expects from Apple's upcoming earnings report. AdvertisementAdvertisementAll eyes are on Apple as it is scheduled to report its fiscal fourth-quarter earnings on Thursday after the market close. Here's what Wall Street analysts are saying about Apple's upcoming earnings report. AdvertisementAdvertisementJPMorgan: 'Higher competitive pressures in China'Analysts expect Apple's earnings to be "better than feared," but highlighted increasing risks related to China.

Persons: —, Department's, Apple, Goldman Sachs, Goldman, JPMorgan, underwhelming, Lucas Ramadan, Ramadan Organizations: Apple, Investors, Service, Google, Bloomberg, Revenue, JPMorgan, MacBook, Analysts, Apple's Services, Bloomberg Intelligence, Huawei Locations: China, Mac

☆ Here are Tuesday's biggest analyst calls: Tesla, SoFi, Pinterest, Roku, Boeing, Apple, Shopify, Chewy and more
▼ + stars: | 2023-10-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Baird downgrades ON Semiconductor to neutral from outperform Baird said it sees "pricing pressures" for the semiconductor maker. Morgan Stanley upgrades Chewy to overweight from equal weight Morgan Stanley said in its upgrade of the stock that share sell-off is overdone. " Morgan Stanley upgrades SoFi to equal weight from underweight Morgan Stanley said the risks to SoFi are more than priced in. Morgan Stanley initiates Celsius Holdings as equal weight Morgan Stanley said in its initiation of the stock that it sees a balanced risk/reward. Northcoast upgrades Boeing to buy from neutral Northcoast said in its upgrade of Boeing that it sees a "more promising long term earnings horizon."

Persons: Wells Fargo, Bernstein, Goldman Sachs, it's, Baird, Rowe Price, Tesla, Piper Sandler, Wells, Morgan Stanley, CHWY, Guggenheim, Tourmaline, AutoNation, Jefferies, underperform Jefferies, MoffettNathanson, D.A, Davidson, Northcoast, ABG, Wolfe, Phillips, PSX Organizations: Wells, MARA, Apple, Semiconductor, Citi, TROW, Deutsche Bank, Bank of America, of America, 4Q, Arista Networks, TAM, Lincoln Electric, Seaport, Guggenheim, JPMorgan, Susquehanna, WSM, D.A, Disney, Boeing, Boeing Company, Asbury Automotive Locations: Williams, Sonoma, CELH

☆ How to play Alphabet's stock after its worst slide in more than a year, according to Wall Street
▼ + stars: | 2023-10-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Alphabet's latest quarterly results left some analysts questioning whether investors should be buying the dominant search engine right now, or opting instead for some of its tech peers. "If you own the stock, the bad news is probably out of the way," said Bernstein analyst Mark Shmulik. We take up our ad revenue estimates, pull cloud and margins down, and we end up right back where we started." Profit margins contracted and the company also said it expects capital spending to increase in the fourth quarter and in 2024. Alphabet sank 9.8% in midday trading Wednesday, on pace for its worst one-day decline since March 2020.

Persons: Bernstein, Mark Shmulik, Wells, Ken Gawrelski, Lloyd Walmsley, Gawrelski, Bank of America's Justin Post, James Lee, — CNBC's Michael Bloom Organizations: Google, Microsoft, UBS, Bank of America's

☆ Here's what all the major analysts are saying about Alphabet before earnings
▼ + stars: | 2023-10-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

Wall Street is optimistic ahead of Google 's quarterly earnings announcement Tuesday as the tech giant's advertising revenue growth shows signs of recovery. Analyst Ronald Josey estimates search revenue growth gained 11.3% year-over-year, versus the consensus projection of 9.6%. Bank of America sees search growth accelerating Bank of America also maintained its buy rating and $146 price target. We expect disruption with the format change, which will likely drive headwinds to medium-term search growth. Competitors are likely to bid aggressively for Google's search distribution partnerships, driving profitability lower.

Persons: Doug Anmuth, he's, Ronald Josey, Max, Jefferies, Brent Thill, Michael Bloom Organizations: Google, YouTube, Deutsche, JPMorgan, Citi, 3Q, Bank of America, of America, 2H, 12.1x Locations: Monday's, Wells

☆ Here are Tuesday's biggest analyst calls: Apple, Nvidia, Amazon, Tesla, DraftKings, Meta, Monster & more
▼ + stars: | 2023-10-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are the biggest calls on Wall Street on Tuesday: Bank of America reiterates Apple as neutral Bank of America said China remains a risk for Apple . UBS downgrades Regions to neutral from buy UBS said the Birmingham, Alabama-based regional bank is going into the "penalty box." DA Davidson upgrades Braze to buy from neutral DA said shares of the cloud-based software company will benefit from "resilient growth." Piper Sandler downgrades Monster to neutral from overweight Piper said in its downgrade of Monster that it had previously been just "wrong." Seaport initiates Amazon, Meta and Alphabet as buy Seaport initiated Amazon , Meta and Alphabet on Tuesday, saying it sees further upside for all three.

Persons: Bernstein, Tesla, underperform Bernstein, Goldman Sachs, Goldman, it's bullish, Ingersoll Rand, Stifel, Davidson, Needham, Moffett, Piper Sandler, Piper, MNST, Redburn, Morgan Stanley, Wells, it's, Baird, KeyBanc, –, Tommy Hilfiger, Larsson, Calvin Klein Organizations: Bank of America, Apple, of America, Nvidia, Reuters, AMD, Microsoft, UBS, Regions, Lattice Semiconductor, PSA, Fitness, Retail Media, Barclays, Rio Tinto, FMC Corp, FMC, JPMorgan, PVH, Energy Locations: China, wearables, Birmingham , Alabama, Rio

Edey was joined by Marquette guard Tyler Kolek, Kansas center Hunter Dickinson, Duke big man Kyle Filipowski and North Carolina forward Armando Bacot. Edey is the second straight AP player of the year to return for another season, following Kentucky's Oscar Tschiebwe in 2021-22. Well, he doesn’t have that.”Kolek had a dynamic second season at Marquette after transferring from George Mason. 5 ranking in the AP preseason poll. He averaged 13.7 points and 10.1 rebounds while shooting 56% from the floor last season to earn third-team AP All-America honors.

Persons: Zach Edey, I'd, ” Edey, ”, Edey, Tyler Kolek, Hunter Dickinson, Duke, Kyle Filipowski, Armando Bacot, Fairleigh Dickinson, Oscar Tschiebwe, Matt Painter, “, There’s, ” Kolek, George Mason, Kolek, “ It's, Dickinson, I’ve, Bill Self, Filipowski, Bacot, ___ Organizations: NBA, Purdue, Associated Press, America, Boilermakers, Marquette, AP, Fairleigh, Big, Golden Eagles, Michigan, Kansas, Duke, ACC, Devils Locations: Tyler Kolek , Kansas, North Carolina, ” Kansas, Chapel Hill

☆ Earnings playbook: How to trade a busy week of reports from companies including Microsoft and Meta
▼ + stars: | 2023-10-22 | by ( Fred Imbert | ) www.cnbc.com time to read: +12 min

Tuesday General Motors is set to report earnings before the bell, followed by a call at 8:30 a.m. Coca-Cola is set to report earnings in the premarket, with a call slated for 8:30 .am. Wednesday Boeing is set to report earnings in the premarket, with leadership scheduled to hold a call at 10:30 a.m. Ford Motor is set to report earnings after the bell, followed by a conference call at 5 p.m. This quarter: The e-commerce giant is expected to report earnings per share growth of more than 100%, according to LSEG.

Persons: Michael Wayland, they'll, Andrea Teixeira, MSFT, Jordan Novet, GOOGL, Justin Post, MRK, Goldman Sachs, Chris Shibutani, Keytruda, Ford, AMZN, Doug Anmuth, — CNBC's Michael Bloom Organizations: Big Tech, Microsoft, Meta, Wall, CNBC, GM, LSEG, United Auto Workers, Investment Group, Coca, U.S, Activision, Wednesday Boeing, Boeing, Management, Bank of America, IBM, Merck, Ford, UAW, Detroit, JPMorgan Locations: Missouri, EVs, China, Apptio

☆ Here are Friday's biggest analyst calls: Nvida, Amazon, SolarEdge, Sunrun, IBM, Crocs, Meta, Disney & more
▼ + stars: | 2023-10-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Meta as buy Bank of America said it's bullish heading into earnings next week. UBS upgrades Merck to buy from neutral UBS said Merck has an "undemanding" valuation and robust pipeline. UBS reiterates Ralph Lauren as buy UBS said the stock is best positioned for AI. UBS reiterates McDonald's as buy UBS said the stock remains attractively valued. Bank of America reiterates IBM as buy Bank of America said it's standing by its buy rating heading into earnings next week.

Persons: JPMorgan, Jefferies, Goldman Sachs, Goldman, it's, Merck, Stephens, Ralph Lauren, McDonald's, Cognizant, TSMC, Deutsch, Redburn, Raymond James Organizations: JPMorgan, Nvidia, Disney, Bank of America, Meta, UBS, Merck, Deutsche Bank, Union Pacific, Deutsche, IBM, Citi, Taiwan Semiconductor, Management, Deutsche Bank downgrades, Microsoft, Brands, Mattel, Disney Princess, of America Locations: China

☆ Here are Wednesday's biggest analyst calls: Nvidia, Microsoft, Apple, Amazon, Arm, Meta, Ulta & more
▼ + stars: | 2023-10-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

KeyBanc initiates Arm Holdings as overweight Key said it sees "meaningful market share gains" for Arm. " Bank of America reiterates Microsoft as buy Bank of America said Microsoft remains a top pick heading into earnings next week. Deutsche Bank reiterates Ulta as buy Deutsche said despite softening beauty sales, Ulta remains "compelling." "After tripling its market share in China in the last decade, NetEase is emerging as a global video games content powerhouse by forming synergistic partnerships with gaming industry veterans globally that will likely drive a similar runway for its global market share." "As we had anticipated (although we thought it would come in January), ASML reset expectations for CY24 to flat revenue growth vs prior guide of 'growth.'"

Persons: Wedbush, Key, IoT, Raymond James, Brinker, FWRG, Jefferies, Ulta, Morgan Stanley, NetEase, Redburn, Guggenheim, Doug McMillon, Bank of America downgrades Sherwin, Williams, Sherwin, Ecolab, McDonald's Organizations: UBS, Apple, Citi, Nvidia, NVIDIA, Holdings, ARM, JPMorgan, Bank of America, Microsoft, Jefferies, Deutsche Bank, Deutsche, Avis Deutsche, Walmart, of America Locations: China, Europe, Japan, Dutch, ESTC, Brazil, underperform

☆ Bank of America upgrades Target, says shares look attractive after recent pullback
▼ + stars: | 2023-10-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The pullback in Target 's stock, and potential near-term catalysts, create an attractive entry point for investors, according to Bank of America. Target shares have bucked 2023's broader market uptrend, with shares down nearly 27%. Last month, Target said it will close nine stores in major cities due to increased violence and theft . Still, Ohmes adjusted his price target to $135 from $120 a share, reflecting about 24% upside from Wednesday's close. Among the potential catalysts for the upgrade, Ohmes cited expectations from improving traffic.

Persons: Robert Ohmes, Ohmes, Michael Bloom Organizations: Bank of America, Target, Apparel &

☆ Here are Monday's biggest analyst calls: Tesla, Arm, Meta, Amazon, Apple, Netflix, Disney, Oracle & more
▼ + stars: | 2023-10-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs reiterates Netflix as neutral Goldman said it's standing by its neutral rating heading into earnings next week. Barclays reiterates Disney as equal weight Barclays said it's cautious on Disney heading into earnings in early November. JPMorgan reiterates Apple as overweight JPMorgan said its Apple survey checks show product delivery times are moderating. Bank of America initiates Motorola Solutions as buy Bank of America said Motorola is "well-positioned with multiple tailwinds supporting growth." Bank of America downgrades Datadog to neutral from buy Bank of America said it's concerned about slowing demand for the software company.

Persons: Wells, JPMorgan, Domino's, Goldman Sachs, Goldman, it's, Baird, Tesla, TSLA, Jefferies, Redburn, Evercore, Lennox, Piper Sandler, Piper Organizations: Meta, JPMorgan, Arm Holdings, Bank of America, Netflix, Barclays, Disney, ESPN, Apple, Holdings, " Bank of America, Motorola Solutions, Motorola, American, Spotify, Oracle, Citi, Patterson, UTI Energy Locations: Datadog, SASE, CY26

☆ Evercore ISI says buy this eyewear stock as it approaches a 'fundamental inflection year'
▼ + stars: | 2023-10-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Four key developments mean that Warby Parker is likely to increase its revenue growth and expand its margins in 2024, according to Evercore ISI. Analyst Mark Mahaney thinks 2024 will be a "fundamental inflection year" for the eyewear company's revenue growth reacceleration and margin expansion. "We view WRBY's valuation as highly attractive vs. comps, on a growth-adjusted basis," Mahaney said. Over the past three months, however, the stock has rallied more than 11%, while the S & P 500 dipped 3.7%. WRBY YTD mountain WRBY in 2023 — CNBC's Michael Bloom contributed to this report.

Persons: Warby Parker, Mark Mahaney, Mahaney, —, Michael Bloom Organizations: ISI

☆ Deutsche Bank says buy General Electric after monster 2023 run, sees more than 25% gain ahead
▼ + stars: | 2023-09-28 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

General Electric is having a banner year, and Deutsche Bank thinks the industrial giant could see even more gains going forward. The bank initiated GE with a buy rating and a $141 per share price target. GE YTD mountain General Electric stock has climbed more than 69% in 2023. "[W]e think the stock is well positioned to outperform— even after the big YTD run," Deuschle said. The analyst added GE Aerospace will create a "self reinforcing loop" to reinvest in technology and add to its market share.

Persons: Scott Deuschle, Deuschle, — CNBC's Michael Bloom Organizations: Deutsche Bank, GE, General, Aerospace, GE Aerospace

☆ TD Cowen downgrades coffee giant over China macroeconomic headwinds
▼ + stars: | 2023-09-19 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Investors should be cautious on Starbucks stock, according to TD Cowen. Starbucks stock has slipped more than 2% from the start of the year and was off 1.45% in premarket trading Tuesday. SBUX YTD mountain Starbucks stock has pulled back 2.4% from the start of 2023. Charles also noted U.S. headwinds associated with slower month-over-month non-farm payroll increases, which could be reflected in Starbucks' morning business. "Starbucks' morning-oriented business tracks changes in payrolls as changes in the number of commuters naturally impacts morning routines," Charles said.

Persons: TD Cowen, Andrew Charles, Charles, Michael Bloom Locations: China

The stock market can be many things. However, the stock market stayed open. A move of a few percentage points in the underlying stock can amount to a double- or triple-digit percentage point increase in the options market. The "premium" is what the buyer pays upfront for the option contract. Rather than buy 100 shares of Apple at $180 each, which would cost $18,000, John decides to use an options contract.

Persons: We're, John, you've, Jim Cramer's, Jim Cramer, Jim Organizations: Gamblers, Social, Bloomberg Intelligence, Apple, Jim Cramer's Charitable, CNBC, Mbbirdy, Getty Locations: 0DTEs, Las Vegas

☆ Here are Friday's biggest analyst calls: Apple, GM, Amazon, Zoom, Arm, Rivian, Ford, Deere & more
▼ + stars: | 2023-09-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

HSBC initiates Zoom as buy HSBC said Zoom is the leader in video conferencing. HSBC initiates Deere as buy HSBC said in its initiation of Deere that it sees "upside in the cycle." HSBC initiates Salesforce as buy HSBC said in its initiation of the stock that it's a "margin expansion story." HSBC initiates Snowflake as buy HSBC said Snowflake is well positioned for AI. HSBC initiates Oracle a buy HSBC said in its initiation of Oracle it likes the company's cloud platform.

Persons: Morgan Stanley, Rivian, it's, TD Cowen, Needham, Piper Sandler, Piper, KEY's, Lauder, Redburn, Wolfe, Goldman Sachs, Goldman, Casella, Zoom, Snowflake, Northcoast, Apple, Salesforce, Ford Organizations: Bank of America, underperform Bank of America, HSBC, Anheuser, Busch InBev, UBS, WWE, UFC, Systems, Moffett, Deere, Oracle, of America, Amazon, Apple, Lenovo, Adobe, General Motors, Ford, GM, UAW Locations: Americas, 2H23, North America, U.S, China

☆ Buy this warehouse club retailer with younger and wealthier customers than Costco, says TD Cowen
▼ + stars: | 2023-09-14 | by ( John Melloy | ) www.cnbc.com time to read: +1 min

Shares of BJ's Wholesale Club are ready to make a comeback against rival Costco, according to TD Cowen. "We like BJ's wholistic approach to club membership engagement which incorporates digital analytics & a complete basket value proposition with strong appeal to a younger demographic," analyst Oliver Chen wrote in a note Thursday. But Chen sees BJ's catching up as it leverages its customer base, grows stores and takes some market share. The average BJ's customer is 43 years old with a $104,000 income, compared to an average age of 45 years old and income of $103,000 for the typical Costco customer, according to TD Cowen. To be sure, TD Cowen is bullish on Costco as well, rating the warehouse competitor outperform and seeing it as a top pick in the sector.

Persons: TD Cowen, Oliver Chen, Chen, BJ Organizations: BJ's Wholesale, Costco

☆ Here's what Wall Street expects from the Apple iPhone event Tuesday and its meaning for the stock
▼ + stars: | 2023-09-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Apple's launch event, during which it's expected to introduce the iPhone 15 and Apple Watch Series 9, comes amid a tough backdrop for the stock in recent sessions. Long expects a $50 to $100 increase for the iPhone 15 Pro and a $100 to $200 hike for the Pro Max model. What it means for Apple shares Looking ahead, Wall Street sees a positive setup for Apple shares over the long term, but those tailwinds could take time to play out. AAPL YTD mountain Apple shares since the start of 2023. Data analyzed by Bernstein shows a similar pattern for Apple shares before and after a launch event.

Persons: Morgan Stanley, Erik Woodring, Tim Long, Long, CFRA's Angelo Zino, Jefferies, Andrew Uerkwitz, referringto, it's, Wamsi Mohan, Morgan Stanley's Woodring, Bernstein, Toni Sacconaghi, Woodring, Apple, Morgan Stanley's, — CNBC's Michael Bloom Organizations: Apple, Barclays, Apple Watch, Pro, Apple Vision, Bank of America, outperformance Locations: China, U.S

☆ A Dishy Tell-All About Emily Weiss’s Glossier
▼ + stars: | 2023-09-07 | by ( Hunter Harris | ) www.nytimes.com time to read: +2 min

GLOSSY: Ambition, Beauty, and the Inside Story of Emily Weiss’s Glossier, by Marisa MeltzerA Glossier brick and mortar opened in my neighborhood last fall, and because that neighborhood is Williamsburg, I could comfortably declare it to be the brand’s time of death. Here lies Glossier, the millennial pink tombstone’s black etching would read, makeup for pretty people. That the Williamsburg Glossier is neighbored by retail stores for Parachute (bedding), Mejuri (jewelry) and Warby Parker (glasses) does not feel coincidental; all the formerly online-only direct-to-consumer brands are arranged on North Sixth Street in a neat little row. But when the first permanent Glossier showroom opened in SoHo in 2016, it was the cool girl’s place to go after work. Its founder, Emily Weiss, remains the star student in a class of girl bosses who have either imploded or flamed out.

Persons: Emily Weiss’s Glossier, Marisa Meltzer, Glossier, Warby Parker, Beyoncé, ingeniously, Emily Weiss, Audrey Gelman, clawing, Weiss Organizations: Sixth, Social Locations: Williamsburg, SoHo, Cobble Hill

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