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☆ Peloton posts mixed holiday results, dismal quarterly guidance
▼ + stars: | 2024-02-01 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. The company issued dismal guidance for the current quarter and a tepid full-year sales outlook. For its fiscal third quarter, Peloton expects sales to be between $700 million and $725 million, compared to a Wall Street estimate of $754 million, according to LSEG. The company expects its adjusted EBITDA loss to be between $20 million and $30 million, compared to analyst estimates of a loss of $2 million, according to StreetAccount. "We saw exceptionally strong sales growth through these channels this holiday season, with Y/Y unit growth of 74% in Q2," McCarthy said.

Persons: Barry McCarthy, Liz Coddington, McCarthy Organizations: Interactive, Wall, LSEG, Sporting Goods, Dick's Sporting Goods, University of Michigan Locations: New York, Ohio

☆ S&P 500 futures are little changed after Fed signals it's unlikely to cut rates in March: Live updates
▼ + stars: | 2024-01-31 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

S&P 500 futures were little changed Wednesday night following a dismal day for the major averages, after Federal Reserve Chair Jerome Powell signaled a March rate cut is unlikely. S&P 500 futures and Nasdaq 100 futures rose 0.14% and 0.25%, respectively. Wall Street is coming off a poor session for the major averages. The Dow Jones Industrial Average fell 317 points, or 0.8%, posting its worst day since December. Still, the major averages closed out January on a positive note, with each of the major indexes up more than 1% for the month.

Persons: Jerome Powell, Powell, Liz Young Organizations: New York Stock Exchange, U.S, U.S . Federal, Federal, Dow Jones Industrial, Nasdaq, Qualcomm, Dow Jones, Merck, Interactive, Royal, Apple Locations: U.S ., New York, Royal Caribbean

☆ This week will make it clearer if the Fed will cut interest rates in March
▼ + stars: | 2024-01-28 | by ( Bryan Mena | ) edition.cnn.com time to read: +11 min

Washington, DC CNN —A slew of economic news this week will make it much clearer if the Federal Reserve will cut interest rates in March. The Labor Department is due to release four crucial assessments of America’s job market, gauging labor demand, wage growth, productivity and hiring. Wages and the Fed on Wednesday: The day after, the Labor Department releases its Employment Cost Index for the fourth quarter, a comprehensive measure of employers’ labor costs. The US Labor Department releases December data on job openings, quits, hires and layoffs. The US Labor Department releases its Employment Cost Index for the fourth quarter.

Persons: that’s, ”, Christian Scherrmann, Jerome Powell, ” Michael Feroli, “, ” Feroli, Powell, Alicia Wallace, Joe Brusuelas, Jerome Powell’s Organizations: CNN Business, Bell, DC CNN, Federal Reserve, Labor Department, DWS, Labor, Survey, Fed, Employers, PCE, Federal, Commerce Department, RSM, Whirlpool, Microsoft, UBS, HCA Healthcare, General Motors, Cleveland Cliffs, Mondelez International, JetBlue Airways, Global, US Labor Department, Board, National Bureau of Statistics, Novo Nordisk, Mastercard, Novartis, Boeing, ADP, Nasdaq, Nomura Holdings, Apple, Shell, Honeywell, Deutsche Bank, Clorox, Quest Diagnostics, United States Steel, Bank of England, P Global, Institute for Supply Management, Exxon Mobil, AbbVie, Regeneron Pharmaceuticals, University of Michigan Locations: Washington, Marathon, Cleveland, Chevron

☆ January Is Nearly Over. Have You Done Your Retirement Review?
▼ + stars: | 2024-01-27 | by ( Brian J. O Connor | ) www.nytimes.com time to read: +1 min

The crash diets have crashed, the brand-new budgets won’t budge and your Peloton is now the world’s most expensive laundry rack. But even if every one of your New Year’s resolutions is toast, there’s still one start-of-the-year chore you would be wise to handle: your retirement review. This is a perfect time to take stock of where your retirement is heading — whether you’re still on the job or have stopped working and are now collecting Social Security — financial planners say. Nearly all of them will need to support themselves for decades. Whether you are still working or already retired, reviewing your retirement plan and how it’s shaping up when compared with reality is a crucial step, said Michael Crews, author of the book “Saturday Everyday” and chief executive of North Texas Wealth Management in Allen, Texas.

Persons: you’re, Michael Crews Organizations: Alliance for Lifetime, North Texas Wealth Management Locations: Allen , Texas

☆ 10 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-01-27 | by ( Zev Fima | ) www.cnbc.com time to read: +16 min

All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.

Persons: nonfarm, December's, Sartorious, We've, Stanley Black, Decker, We're, We'd, Royal Philips, Crane, Woodward, ServisFirst, Cadence Bancorporation, CADE, Johnson, Phillips, Avery Dennison, Columbus McKinnon, Robinson, SIRI, Cardinal Health, Parker, DOV, Pitney Bowes, Ferrari N.V, CSW, COLM, W.W, Grainger, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Gross, Procter, Gamble, Gillette, Super, Consumer, JPM Healthcare, Amazon, Microsoft, Honeywell, Aerospace, Solutions, Apple Watch, Masimo, Vision Pro, Franklin Resources, Resource Partners, Bank of Marin Bancorp, Bank7 Corp, Pacific Premier Bancorp Inc, Provident Financial Holdings, Dynex, Cliffs Inc, Nucor Corp, Whirlpool Corp, F5 Networks, Capital Southwest Corp, Harbors Investment Corp, Crane Co, Payne, Equity, Heartland Financial, Cadence, FinWise Bancorp, Five Star Bancorp, PotlatchDeltic Corporation, Sanmina Corporation, Pfizer, General Motors Corp, United Parcel Service, JetBlue Airways Corporation, Smith Corp, Marathon Petroleum Corp, HCA Healthcare, Oshkosh Corporation, SYSCO Corp, Danaher Corp, Johnson Controls, M.D.C . Holdings, Commvault Systems Inc, Hope Bancorp, Hubbell Incorporated, Malibu Boats, Polaris Industries, Inc, Camden National Corp, Cambridge Bancorp, Microsoft Corp, Starbucks Corp, Devices, Electronic Arts Inc, Juniper Networks, Stryker Corp, Lending, Canadian, Canadian Pacific Kansas City Limited, Mondelez, Chubb Corporation, Modine Manufacturing, Partners, Management, Hawaiian Holdings, Manhattan Associates, Unum Group, UNM, Axos, Enova, Boston Properties, Boeing Co, Novo Nordisk, Mastercard Inc, Roper Technologies, Boston Scientific Corporation, MarketAxess Holdings, Fisher, Aptiv PLC, Hess Corp, Nasdaq, United Microelectronics Corp, Rockwell Automation, Teva Pharmaceutical Industries, Ltd, Avery, Avery Dennison Corp, Extreme Networks, Otis Worldwide Corporation, OTIS, Columbus, Columbus McKinnon Corp, Central Pacific Financial Corp, Brinker International, Fortive Corporation, Qualcomm, Technology, Metlife, Hanover Insurance, Barn Holdings, CONMED Corporation, DLH Holdings Corp, Meritage Homes Corporation, Honeywell International, Eaton Corp, Altria, Royal Caribbean Cruises Ltd, Merck, Co, Enterprise Products Partners, Dorian LPG, SiriusXM Holdings, Cardinal, Hannifin Corporation, Allegheny Technologies Incorporated, Tractor Supply Company, Trane Technologies, Dover Corp, Huntington Ingalls Industries, Brunswick Corporation, Dickinson, Canada Goose Holdings, Kirby Corp, WEC Energy Group, WestRock Company, Allegro MicroSystems, Ball Corporation, Broadridge Financial, BrightSphere Investment Group, CMS Energy Corp, Lancaster Colony Corp, Rogers Communications Inc, Sanofi, Apple, Atlassian Corporation, United States Steel Corp, Corp, Adtalem Global, Homes, DXC Technology Company, Eastman Chemical Company, Gen, Post Holdings, America, Columbia Sportswear Company, Exxon Mobil Corp, Chevron Corporation, Myers Squibb Co, CIGNA Corp, Regeneron Pharmaceuticals, Charter Communications, AON, Cboe, Dwight, Banco Santander, Jim Cramer's Charitable, CNBC, Apple Vision, Getty Locations: China, East, United States, Europe, Cleveland, Alexandria, California, Corning, Canadian Pacific, Teradyne, TER, Novo, Hanover, PBI, Skechers U.S.A, Bristol, Chile

Facebook fired Kagan in 2006 after he leaked company information to the press at Coachella. "I didn't work too hard at Intel and I didn't spend a lot of money," Kagan says. Following his firing from Facebook, Kagan ran conferences for aspiring entrepreneurs (a hustle he had started while at Intel), taught English in South Korea and picked up consulting work for Silicon Valley tech firms. In addition to working on AppSumo, Kagan manages rental properties and creates content for his YouTube and social media channels. In addition to his AppSumo business and his book, Kagan operates a YouTube channel and manages five rental properties.

Persons: Noah Kagan, Kagan, Bill Gates, Kagan's, Facebook, Camila Ortega, He'd, Maria, didn't, hadn't, AppSumo, They'll, We've, everyone's, we've, Kagan didn't, wasn't, Rolexes, —, he's Organizations: CNBC, Microsoft, Facebook, University of California, Intel, Mint, Apple, PC, PayPal, Rolex, Entertainment, Insurance, Spotify, YouTube, AppSumo, Mazda Locations: Silicon Valley, Redmond , Washington, Barcelona, Austin , Texas, Berkeley, Israel, South Korea, Philippines, Argentina, Austin, Pakistan, AppSumo

☆ Icon of the Seas: Why Americans Are Obsessed With Big Cruise Ships
▼ + stars: | 2024-01-25 | by ( Henry Wismayer | ) www.businessinsider.com time to read: +17 min

Love them or loathe them, giant cruise ships are among the most remarkable success stories of the mass tourism age. Rechristened the Mardi Gras, the first Carnival cruise ship sailed out of Miami that March. Cruise ships like the Icon of the Seas will spend the majority of their trip at sea. Eight years later, cruise ships such as the Diamond Princess became early incubators for COVID-19. Cruise Market Watch forecasts there will be 360 cruise ships in service at the end of this year, comprising less than 1% of the global commercial fleet.

Persons: Ted Arison, Arison, Pieter De Boer, Costa, Diamond, Aaron Saunders, We've, Sue Bryant, Z, sass, Emma Le Teace, YouTuber, David Foster Wallace, Harper's, Sarah Knorr, Bryan Comer, Karla Hart, Hart, Saunders, it's, Henry Wismayer Organizations: Port, Passengers, Mardi Gras, Mardi, Gras, Cruise, Royal Caribbean, Costa Concordia, Cruise Lines International Association, Broadway, CivicScience, Royal, Virgin, Business, Transport & Environment, Getty, International Council, Global Cruise, Global Cruise Activist Network, Cruise Market, Royal Caribbean International, New York Times, National Geographic, Financial Times Locations: Port of Miami, Caribbean, Miami, The Port, Tuscany, Italy, Royal Caribbean, TikTok, Panama, Bahamas, Brussels, Netherlands, Douarnenez, Venice, Dubrovnik, Croatia, Amsterdam, Juneau , Alaska, Skagway , Alaska, CocoCay, London

☆ Lululemon shares fall as retailer gives tepid holiday outlook despite strong start to shopping season
▼ + stars: | 2023-12-07 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Lululemon on Thursday said it saw strong third-quarter demand and a positive start to the holiday shopping season, but the retailer's shares fell in extended trading after it gave a tepid fourth-quarter outlook. During the quarter, sales jumped 12% in North America and 49% internationally, but the retailer's holiday guidance came in light of expectations. For the full year, Lululemon expects sales to be between $9.55 billion and $9.58 billion, compared to estimates of between $8.11 billion and $9.90 billion, according to LSEG. He added that Lululemon is "encouraged" by the trends it has seen at the start of the holiday season. During Lululemon's third quarter, total comparable sales were up 13%, higher than the 12.4% jump analysts had expected, according to StreetAccount.

Persons: Lululemon, We're, Meghan Frank, Calvin McDonald, McDonald Organizations: LSEG, CNBC PRO Locations: North America

☆ Ghost kitchens were supposed to revolutionize restaurants. They’re crashing
▼ + stars: | 2023-12-05 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

But ghost kitchens are now crashing. Ghost kitchens are stripped-down commercial kitchens with no dine-in option. Sometimes called cloud kitchens, dark kitchens or virtual kitchens, ghost kitchens fulfill online orders from delivery apps like Grubhub and Uber Eats. Ghost kitchens also offered big chains a way to test new menu concepts, items and brands at lower rents and with less labor. So restaurants have shut down their ghost kitchens and funding for the concept has dried up.

Persons: Uber, Pat Greenhouse, ”, John Gordon, ” Wendy’s, Travis Kalanick, Applebee’s, “, Stephen Zagor, ” John Gordon, Tiffany Hagler, Wendy’s, Kalanick’s CloudKitchens, ” Gordon Organizations: New, New York CNN, Big, Kroger, Reef Technology, Boston Globe, Technology, Wings, Columbia Business School, National Restaurant Association, Geard, Bloomberg, Getty, Butler Locations: New York, South Boston, Dobbs Ferry , New York, U.S

☆ Inside the WNBA's strategy to partner with companies like Deloitte and Google to propel the league — and how it'll leverage that growth in its next rights negotiations
▼ + stars: | 2023-12-04 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +7 min

She listened to her players and what they wanted from the league, including a higher salary cap, but knew she couldn't meet all of their needs. One partner, Deloitte, overhauled the WNBA's app, for example. The current rights deal for the WNBA, which is coming off its largest regular-season viewership in more than two decades, runs through 2025. The mid-season Commissioner's Cup is sponsored by league partner Coinbase. The streaming app WNBA League Pass also brought in viewership, as did deals with Meta and YouTube.

Persons: Cathy Engelbert's, Engelbert, It's, Coinbase, Ethan Miller, Engelbert's, Disney, Nielsen, Ion Organizations: WNBA, Business, Deloitte, Nike, Google, US Bank, Companies, NBA, YouTube, Disney, Team, Seattle Storm's, ESPN, ABC, Scripps Ion, CBS, Meta, Scripps Locations: Las Vegas

☆ Exclusive: Activist investor Blackwells plans Wendy's board challenge -sources
▼ + stars: | 2023-12-01 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

Blackwells, run by Jason Aintabi, plans to nominate several directors to Wendy's 12-member board, said the sources, who asked not to be identified discussing confidential deliberations. It made no mention of any plans to challenge the Wendy's board. Wendy's reported adjusted third-quarter earnings per share of 27 cents last month, beating analysts' average estimate of 25 cents. Yet it posted same-restaurant sales growth of 2.8% globally and 2.2% for the United States that were lower than a year ago. In third quarter of 2022, Wendy's had reported global same-restaurant sales growth of 6.9% and U.S. same-restaurant sales growth of 6.4%.

Persons: Burger, Mario Anzuoni, Wendy's, Jason Aintabi, Nelson Peltz, Peter May, Matthew Peltz, Blackwells, Trian, Bob Iger, Peltz, Matthew H, McDonald's, Aintabi, John Foley, Foley, Svea Herbst, Bayliss, Chizu Nomiyama, Kirsten Donovan Organizations: Trian Fund Management, Walt Disney Co, Disney, Restaurant, International Inc, Burger, Interactive, Svea, Thomson Locations: Monrovia , California, North America, Wendy's, Dublin , Ohio, New York, United States, Rhode Island

☆ The cofounder of Allbirds has some advice for startups looking to IPO: make money ahead of going public
▼ + stars: | 2023-11-30 | by ( Melia Russell | ) www.businessinsider.com time to read: +5 min

Allbirds was one of the last startups to go public in 2021's IPO biltz. "You need to be a great company, you need to be profitable," says Allbirds cofounder Tim Brown. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Going public before turning profitable is a thing of the past, according to Allbirds cofounder and chief innovation officer Tim Brown. "You need to be a great company, you need to be profitable," he told Business Insider.

Persons: Allbirds, Tim Brown, —, Klaviyo, Lerer, confidentially, PwC, Spencer Platt, Champagne, Brown, Joanna Glasner, Didi, Rivian Organizations: Service, Time Magazine, Maveron, Tiger Global, Casper Locations: Instacart, Silicon, Americas, Allbirds, Ukraine

☆ Autodesk's CMO explains why advertising on the MSG Sphere in Vegas, which reportedly costs $450,000 a day, was worth every penny
▼ + stars: | 2023-11-29 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

@brycebetts132 I've watched every video of the Sphere in Vegas and this new ad is by far my favorite. By comparison, running a billboard campaign in New York's Times Square for one to three days costs between $5,000 and $25,000, according to outdoor advertising company Inspiria Outdoor. A representative for the Sphere Entertainment Company said the company doesn't discuss financials. One TikTok video, which has notched up more than 14,000 likes, declared it " the best Sphere ad ." The Sphere debuted its first advertising campaign in September of this year and has featured brands including YouTube, the NBA, Heineken and Xbox.

Persons: @brycebetts132 I've, ♬, Dara Treseder, Treseder, tentacled, Ryan Reynolds, Otto Desć, Carla Herrero, Herrero Organizations: Autodesk, Marvel, Business, ♬ Marvel Studios, Sphere Entertainment, Autodesk University, YouTube, NBA, Heineken, Xbox, University College London, Mercedes, AMG PETRONAS Formula One Locations: Las Vegas, Vegas, New

☆ I'm 79 and work out 6 days a week. I do it to have strong bones, and it makes me happy.
▼ + stars: | 2023-11-28 | by ( Jane Ridley | ) www.businessinsider.com time to read: +4 min

She does press-ups, sit-ups, and other exercises six days a week. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Six times a week, starting at 7:30 a.m., I make sure I do 90 minutes of exercise. AdvertisementI'll kick things off with 30 minutes on my elliptical machine, followed by 30 minutes on the Peloton.

Persons: Donna Sasse, Sasse, —, Jim Theodores, You've, you've, I've, I'm, They've Organizations: Service, Business

Vacuum maker Dyson has in recent years tied up with eBay UK to sell officially refurbished products at a hefty discount to the price of new ones. Some 23% of consumers globally say they are buying more second-hand products, according to the EY Future Consumer Index, a survey of 22,000 consumers published earlier this month. "I found a waistcoat for my dad in a charity shop in Peckham the other day – I saw it and I thought I have to get it, he's going to love it," Baker said as she browsed in a Crisis charity shop in Camberwell, south-east London. In the fourth quarter of last year, sales in UK charity shops grew by 8.6% compared the previous year, according to the Charity Retail Association. Lesley Wright, a volunteer at an Oxfam shop in Brighton, England, is gearing up for her "busiest-ever" holiday season.

Persons: Eve Williams, Dyson, Lorna Fallon, Lucy Baker, Baker, Lesley Wright, Wright, Richa Naidu, Helen Reid, Matt Scuffham, Elaine Hardcastle Organizations: eBay Inc, Oxfam, Apple, eBay, Dyson, Regent, Sustainability, Charity Retail Association, Reuters, Thomson Locations: British, London, Peckham, Camberwell, Brighton , England

☆ Peloton hit with issues during world-record ride attempt on Thanksgiving Day
▼ + stars: | 2023-11-23 | by ( Monica Melton | Aaron Mok | ) www.businessinsider.com time to read: +3 min

Peloton's annual 45-minute Turkey Burn Ride appeared to have crashed during the session. The fitness company's Turkey Burn Ride, a 45-minute live bike ride hosted by fitness instructor Robin Arzón, attempted to hit the Guinness World Record for the largest live cycling class. Other Peloton users said they were unable to join the Turkey Burn Ride for an extended period of time. Advertisement"This is garbage," a Peloton user who claims he was set to do the Turkey Burn ride wrote on X. !," a Peloton user commented on the company's Instagram post regarding the Turkey Burn ride.

Persons: Peloton's, —, Robin Arzón, Robin, I've, Barry McCarthy Organizations: Service, couldn't, YouTube Locations: Turkey, @RobinNYC

☆ 180 Best Black Friday Deals 2023
▼ + stars: | 2023-11-22 | by ( Bellamy Richardson | ) www.wsj.com time to read: +6 min

Our list of the best deals live now features products we’ve tested or otherwise recommended. Plus, check out great deals on products that made our lists of the best wireless earbuds and best portable speakers. For even more apparel discounts, check out our list of the best Black Friday clothing and shoe deals. For more great electronics buys, see our best Black Friday tech and Apple deals. For more great deals on fitness trackers, exercise apparel and more, check out our list of the best Black Friday fitness deals.

Persons: Bellamy Richardson It’s, you’ve, Salomon, don’t, Neocutis Organizations: Black, Dyson, Cozy, Tech, Apple, Skinstore Locations: Wayfair, Brooklinen

☆ 174 Best Black Friday Deals 2023
▼ + stars: | 2023-11-22 | by ( Bellamy Richardson | ) www.wsj.com time to read: +6 min

Our list of the best deals live now features products we’ve tested or otherwise recommended. For even more apparel discounts, check out our list of the best Black Friday clothing and shoe deals. Make sure to check out our list of the best vacuum deals this Black Friday for more savings. For more great electronics buys, see our best Black Friday tech and Apple deals. For more great deals on fitness trackers, exercise apparel and more, check out our list of the best Black Friday fitness deals.

Persons: Bellamy Richardson It’s, you’ve, Salomon, don’t, Neocutis Organizations: Black, Dyson, Cozy, Tech, Apple, Skinstore Locations: Brooklinen

(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Meanwhile, Deutsche Bank downgraded Peloton to hold from buy, slashing its price target on the stock. ET: Deutsche Bank downgrades Peloton on challenging near-term outlook Deutsche Bank analyst Lee Horowitz downgraded Peloton to hold from buy Tuesday, slashing their price target to $4 from $13 per share. Rats gave a €71.0, or $75.84, price target on the stock, implying shares could jump 14%. Ralph Lauren (price target: $130, pointing to 13% upside): The analyst noted Ralph Lauren's "consistent execution" should allow the stock to hold its premium valuation relative to peers.

Persons: Vivek Arya, Arya, — Pia Singh, Lee Horowitz, Horowitz, Peloton's, Morgan Stanley Morgan Stanley, Martijn Rats, Steven Shemesh, Shemesh, Lowe's, Ralph Lauren, Michael Binetti, Binetti, Ralph Lauren —, TJX, Ralph Lauren's, Fred Imbert Organizations: CNBC, ISI, Nike, Deutsche Bank, RBC Capital Markets, Semiconductor, EV, BofA Bank of America, Carbide, Silicon Carbide, TAM, Depot, PCE, TJX, Athletic Locations: France

☆ Stocks making the biggest moves before the bell: Uber, Planet Fitness, Peloton and more
▼ + stars: | 2023-11-07 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Uber — Shares of the ride hailing company rose 2% after Uber's third-quarter gross bookings of $35.3 billion topped the company's guidance of $29 billion to $30 billion. Planet Fitness — The gym chain climbed 8.8% after beating expectations on both lines for the third quarter and raising its outlook for the year. Planet Fitness reported 59 cents in earnings per share, excluding items, and $277.6 million in revenue. Analysts surveyed by FactSet anticipated 55 cents in earnings per share on revenue at $268.2 million. It also cut its price target on Peloton to $4 from $13 per share, implying about 20% downside from Monday's close.

Persons: FactSet, Tripadvisor, Coterra, Sanmina, DigitalOcean, Goldman Sachs, —, Yun Li, Jesse Pound, Lisa Kailai Han, Sarah Min, Michelle Fox Organizations: UBS —, UBS, Credit Suisse, LSEG, Energy, —, Deutsche Bank Locations: Switzerland

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Nike, TJX, Disney, Peloton, Re/Max, Home Depot and more
▼ + stars: | 2023-11-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by its overweight rating on the stock after its 10-K annual report. Morgan Stanley initiated Tal Education as overweight Morgan Stanley said the China education company is defensive. Morgan Stanley names TotalEnergies a top pick Morgan Stanley named TotalEnergies a top pick and says the energy company has "resource depth and resilience." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said in a note Tuesday that Tesla needs to "stop missing numbers" and execute better, but that the firm is sticking with its overweight rating. Morgan Stanley downgrades Re/Max to underweight from equal weight Morgan Stanley said in its downgrade of Re/Max that it sees too many negative catalysts for the real estate company.

Persons: Morgan Stanley, Apple, it's, Edward Jones, Hewlett Packard, PC's, D.A, Davidson, Appian, Wells, Wells Fargo, financials, Tal, EDU, TAL, TotalEnergies, TJX, Goldman Sachs, Tesla, Melius, Morgan Stanley downgrades, Max Organizations: RBC, Home, ISI, Nike, Athletic, UBS, Apple, Citi, Deutsche Bank, TAM, Hewlett, Disney, Tal Education, BP, TJX Companies, Thomson Reuters, Nasdaq, Tesla, Nvidia Locations: Ceridian, China, OW

☆ 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, ~$

☆ Peloton shares sink on wider-than-expected loss, 'bad news' for paid subscriptions
▼ + stars: | 2023-11-02 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

Michael Nagle | Bloomberg | Getty ImagesShares of Peloton sank about 6% in premarket trading Thursday after the company reported a wider-than-expected quarterly loss, a tepid holiday forecast and "bad news" for paid subscriptions. That falls short of the $763.2 million analysts had expected for the company's fiscal second quarter, according to LSEG. It's forecasting paid app subscriptions to be between 660,000 and 680,000, representing a 21% year-over-year drop off and 12% sequential churn. For the full year, Peloton expects paid app subscriptions to drop 6% to between 700,000 and 850,000 and revenue to fall 2% to $2.7 billion to $2.8 billion. It ended the quarter with 763,000 paying Peloton app subscribers, 65,000 fewer than the prior quarter.

Persons: Michael Nagle, Barry McCarthy, McCarthy Organizations: Interactive, Bloomberg, Getty, LSEG Locations: New York, U.S, Canada

☆ Stocks making the biggest moves premarket: Starbucks, Shopify, Roku and more
▼ + stars: | 2023-11-02 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Starbucks — Shares of the coffee giant jumped 5.6% after Starbucks' quarterly earnings and revenue exceeded analysts' expectations. The company reported third-quarter earnings of 24 cents per share, excluding items, on revenue $1.71 billion. Analysts polled by FactSet expected earnings of 15 cents per share on revenue of $1.67 billion. Qualcomm — Shares of the wireless tech company gained 5.6% after Qualcomm surpassed analysts' revenue and earnings estimates in its fiscal fourth quarter. Analysts had been expecting a loss of 40 cents per share on $2.09 billion revenue, according to LSEG.

Persons: SolarEdge, Shopify, FactSet, DoorDash, LSEG, Lyft, Airbnb's, Moderna, CNBC's Hakyung Kim, Jesse Pound, Michelle Fox Theobald Organizations: Starbucks, Truist, BMO Capital Markets, Guggenheim, Qualcomm —, Qualcomm, Wall Street, —, Moderna — Locations: New York

☆ S&P 500 futures tick higher as attention turns from Fed to latest earnings reports: Live updates
▼ + stars: | 2023-11-01 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

S&P 500 futures inched higher Wednesday night as investors shifted focus from the Federal Reserve's policy decision to the latest batch of corporate earnings reports. S&P 500 futures and Nasdaq 100 futures each rose around 0.2%. DoorDash climbed more than 7% on earnings that surpassed Wall Street forecasts, while Etsy fell 5% after management warned of a challenging environment for consumer discretionary spending. The moves follow a winning session on Wall Street that also marked the start of a new trading month. The Dow climbed more than 200 points on Wednesday, while the S&P 500 and Nasdaq Composite each ended up more than 1%.

Persons: SolarEdge, DoorDash, Etsy, Dow, Jerome Powell, Powell, Chris Zaccarelli, payrolls, Eli Lilly Organizations: Federal, Nasdaq, Dow Jones, Independent, Alliance, Fox, Apple, Paramount

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