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☆ Wall Street Week Ahead: Retailers' results may be next test for rally in U.S. stocks
▼ + stars: | 2023-02-19 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

Nolte is considering buying home-improvement retailer stocks that were hit hard in 2022 as the housing market struggled. Other companies set to report next week include chip company Nvidia (NVDA.O), COVID-19 vaccine maker Moderna (MRNA.O) and e-commerce firm eBay (EBAY.O). Both companies are set to report on Tuesday and will "set the stage for everyone else," according to JPMorgan retail analysts. Reuters GraphicsAmong the other retailers set to report in the coming week are TJX Companies (TJX.N) and Bath & Body Works (BBWI.N). "We are clearly emphasizing retailers in select industries versus the mass market retailers," Tuz said.

☆ The Fed’s favorite inflation gauge will be the big market hurdle of next week
▼ + stars: | 2023-02-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Most important this week is Friday's core personal consumption expenditure (PCE) price index for January. In comparison, the consumer price index (CPI), released this past week, only tracks price changes over time. The market is expecting the core PCE price index to rise 0.4% monthly and 4.9% annually. In addition to the core PCE price index, we're going to be looking closely at the housing and utilities component. Lastly, the January producer price index came in hotter than expected, rising 0.7% from December versus expectations for 0.4% increase.

☆ Stocks making the biggest moves midday: Roblox, Airbnb, Barclays, Silvergate Capital & more
▼ + stars: | 2023-02-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Airbnb reported 48 cents in earnings per share on $1.90 billion of revenue. Devon Energy — Shares tumbled 12.3% after the energy company reported fourth-quarter earnings and revenue that came in below expectations. Generac Holdings — Shares rallied 8% after the power-generator maker reported fourth-quarter earnings of $1.78 per share, topping StreetAccount's estimate of $1.75 per share. Warren Buffet's firm now owns more than 93 million shares of Paramount. Martin Marietta Materials — Shares gained 7% after the company reported fourth-quarter net income of $183.6 million, up from $156.8 million a year ago.

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Amazon, SoFi, Target, Goldman Sachs & more
▼ + stars: | 2023-02-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Wednesday's biggest calls on Wall Street: Evercore ISI downgrades Marriott to in line from outperform Evercore downgraded the hotel giant mainly on valuation. UBS reiterates Apple as buy UBS said that a foldable iPhone remains possible for Apple after the tech giant filed a recent patent. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said it's standing by its bullish thesis on shares of the e-commerce giant. Wells Fargo reiterates Goldman Sachs as overweight Wells said it's standing by its overweight rating on the stock but that it's cautious heading into the company's investor day later this month. " Evercore ISI reiterates Salesforce as outperform Evercore raised its price target on the stock to $200 per share from $175 and said it's sticking with its outperform rating.

☆ Third Point's Dan Loeb makes a number of changes to his portfolio, including adding an insurer
▼ + stars: | 2023-02-09 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Third Point's Dan Loeb made a slew of moves to his portfolio last quarter, including building a new stake in a big insurer. Loeb said the company has undergone a massive overhaul since the financial crisis and is well positioned for profitable growth. Loeb said AIG has transformed into a property and casualty insurance pure play after the IPO of its retirement arm Corebridge Financial in September. "This is an important catalyst for the business," Loeb said. AIG 1Y mountain AIG Meanwhile, Loeb said he added to his Bath & Body Works position significantly last quarter.

☆ Third Point owns Salesforce stake, talks Bath & Body Works changes
▼ + stars: | 2023-02-08 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

Third Point declined to comment on its stake, which was first reported by the Wall Street Journal. These firms have said publicly and privately that they would like to see changes at Salesforce. Third Point on Wednesday updated its own investors about other investments, including one in Bath & Body Works (BBWI.N) , where the firm hinted last year that it might mount a boardroom challenge. In the letter, Third Point's founder billionaire investor Daniel Loeb wrote that he sees a chance to work "constructively" with Bath & Body Works to "address its apparent governance issues and help it realize its significant potential." Last years biggest losers included Walt Disney Co and Amazon.com while Bath & Body Works counted among its biggest winners.

☆ Another way to play the early 2023 market comeback: Volatile stocks that trade at a discount
▼ + stars: | 2023-02-07 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

For investors seeking ways to play this year's stock market comeback, looking at cheap, volatile names might lead to big gains. These stocks are all members of the iShares Russell Value ETF (IWD), and have a 3-year beta greater than 1.5. Alaska Air Group was identified as a high beta value stock, according to the screen. The carrier has a 3-year beta of 1.7, and 87% of analysts covering it rate it a buy. The semiconductor company has a 3-year beta of 2.1, and is recommended by 82% of analysts covering it.

☆ Chevron’s mammoth buyback plan – Here’s why Wall Street loves share repurchases
▼ + stars: | 2023-01-26 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

With a market cap of $346 billion, a $75 billion buyback is about 20% of the shares outstanding. Exxon Mobil also has a $50 billion buyback plan, for example. Wall Street loves buybacks Buybacks have become an important part of returning shareholder profits. "Wall Street loves buybacks for two reasons," Howard Silverblatt, senior index analyst, product management for S & P Dow Jones Indices, told me. Here's a list of larger companies that had significant share count reduction in Q3, the last quarter with complete data.

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☆ Here's why employee-experience manager is one of the fastest-growing jobs in the US
▼ + stars: | 2023-01-24 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +6 min

Employee-experience manager was fifth on LinkedIn's list of the fastest-growing jobs in the US. Insider spoke with Jack Lau, an employee-experience manager in the Bay Area, about what that's like. Behold: the employee-experience manager. I started five years ago as an office manager doing all the things office managers do. Is that when you became an employee-experience manager?

☆ Morgan Stanley's favorite buys and shorts for earnings season
▼ + stars: | 2023-01-24 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Stocks are set for big swings this earnings season , and that spells opportunity for investors to buy and short some names, according to Morgan Stanley. More important for investors this earnings season will be the 2023 guidance, the firm said. Given this, traders should expect a rise in price dispersion over the next couple weeks as corporate earnings season unwinds. Seventy companies in the S & P 500 have released results so far this earnings season, according to FactSet data. Here are three positive names, and two negative, that Morgan Stanley highlighted: Bath & Body Works will react positively to earnings, according to Morgan Stanley.

☆ A mysterious 'Doe 183' is trying to keep Jeffrey Epstein documents under seal. Could it be Les Wexner?
▼ + stars: | 2023-01-06 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +12 min

"In the court's view, there's no reason to redact Doe 183 from the documents." And when Insider asked that lawyer about his work for Doe 183, a representative for Wexner responded, declining to comment. But if Doe 183 wins their fight to keep the documents redacted, their name and the context surrounding it would remain behind those blacked-out lines. While he never identified himself verbally, the transcript's cover sheet identifies him as an attorney representing Doe 183. Of those 21 documents, there are seven docket entries where Doe 183 is the sole Doe mentioned.

☆ Stocks making the biggest moves premarket: World Wrestling Entertainment, Bed Bath & Beyond, Tesla, Costco and more
▼ + stars: | 2023-01-06 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

World Wrestling Entertainment — Shares advanced 9.7% after Vince McMahon elected himself executive chairman of the company despite retiring last year due to a sexual misconduct scandal. Shares dropped 14% premarket, after posting a 42% loss Thursday. Meanwhile, Ulta lost 1.8% after getting downgraded to under weight from equal weight. Bath & Body Works shed 1.7% after the firm moved it to equal weight from overweight. Discover Financial , Synchrony Financial — The consumer finance stocks were under pressure after being downgraded by Barclays to equal weight from overweight.

☆ Stocks making the biggest moves midday: Wynn Resorts, Microsoft, Honeywell, Salesforce and more
▼ + stars: | 2023-01-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018. Check out the companies making the biggest moves midday:Wynn Resorts — The casino operator's stock jumped nearly 7%, building on its solid start to 2023. Salesforce — Shares of the cloud-based software company jumped more than 3% after Salesforce announced that it is cutting 10% of its personnel and reducing some office space as part of a restructuring plan. Celanese — The global chemical and specialty materials company jumped more than 6% after being upgraded by RBC Capital Markets to outperform from sector perform. The firm cited the solar company stock's "steep drop from the initial euphoria created by the Inflation Reduction Act."

Fed minutes Jim Cramer: "While the number indicates the market is getting hit, the Fed minutes are just saying what we thought. What was working JC: "[Before the minutes], if you took a charge like Marc Benioff [and Salesforce ] did today, it's being well received. JM: "Maybe that's part of these down-and-out stocks rallying to start the year." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Home Depot's 93-year-old cofounder who said 'nobody works' anymore because of 'socialism' has donated $64 million to elect Trump and the Republican party over the years
▼ + stars: | 2022-12-29 | by ( Kelsey Vlamis | Madison Hall | ) www.businessinsider.com time to read: +4 min

Bernie Marcus, the billionaire cofounder of Home Depot, said Thursday "nobody works" anymore. Marcus donated millions to Trump in 2016 and 2020, and more to other Republicans over the years. In an interview with the Financial Times published Thursday, 93-year-old Bernie Marcus said "nobody works, nobody gives a damn," blaming the change on "socialism." In 2020, he made two separate donations of $5 million each to the Preserve America PAC, a single-candidate PAC that supports Trump. Marcus has also donated extensively to House and Senate races, contributing to a long list of Republican lawmakers that includes Sens.

☆ 'Nobody works, nobody gives a damn' anymore because of 'socialism', says Home Depot's 93-year-old cofounder
▼ + stars: | 2022-12-29 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Home Depot's cofounder told The Financial Times nobody wanted to work because of "socialism." The rise of socialism was why "nobody works, nobody gives a damn," Bernie Marcus said in an interview with The Financial Times on Thursday. I don't want to work — I'm too lazy, I'm too fat, I'm too stupid'." "I'm worried about capitalism," Marcus told The Financial Times. Despite having had five heart operations bypasses, Marcus told the FT he "would rather wear out than rust out."

☆ Baird's top stock picks for 2023 include Tesla and this favorite retailer
▼ + stars: | 2022-12-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Tesla shares have come under selling pressure this year in the wake of Elon Musk's takeover of Twitter . News of an extended shutdown at its factory in Shanghai pushed down Tesla shares by more than 11% on Tuesday. Tesla stock has plunged about 69% this year and is on pace for its worst month, quarter and year ever. The brand's position as a leading specialty fragrance retailer, with consistent product replenishment cycles, should stabilize demand even in a downturn, wrote analyst Mark Altschwager. But that premium is justified given Chipotle's positioning for solid EPS gains and double-digit revenue growth over time, wrote analyst David Tarantino.

☆ Goldman Sachs unveils its top buy-rated stocks for 2023
▼ + stars: | 2022-12-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs analysts have revealed their favorite stocks to buy for 2023. CNBC Pro combed through top Goldman research to find the bank's top picks heading into next year. They include: Amazon, Weyerhaeuser, Boeing, Chipotle, Humana and Bath & Body Works. Shares are up about 40% over the past six months, and they have more room to run in 2023, he said. Chipotle Chipotle is down 19% this year, but analyst Jared Garber said the stock is greatly undervalued heading into 2023.

☆ Third Point could see big returns from small changes at Bath & Body Works
▼ + stars: | 2022-12-17 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Business: Bath & Body Works is a specialty retailer of home fragrance, body care, soaps and sanitizer products. In August 2021, Bath & Body Works (formerly known as L Brands) completed the separation of its Victoria's Secret business. Loeb is one of the true pioneers in the field of shareholder activism and definitely one of a handful of activists who shaped what has become modern day shareholder activism. He invented the poison pen letter in a time when a poison pen was often necessary, and as times have changed, he has transitioned from the poison pen to the power of the argument. Third Point expressed its concern with Bath & Body Works' executive compensation structure , noting that excessive awards have been made that are disconnected to important performance metrics.

☆ Procrastinators, rejoice: Super Saturday is here and it could bring major discounts to shoppers
▼ + stars: | 2022-12-17 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +4 min

Super Saturday, the last Saturday before Christmas, could draw a record 158 million shoppers. But shoppers who take advantage of that extra time to buy are in for another treat: major discounts. "Retailers staring down time-limited inventory surpluses will do whatever they can to liquidate before the holiday season has expired." Shoppers could see major discounts on Super SaturdayBrandon Bell/Getty ImagesMajor retailers have been lamenting their inventory positions throughout 2022. The supply chain challenges that squeezed retail brands last holiday season have subsided, leaving a pandemic-induced hangover in their wake.

Carl Icahn had a textbook strategy for the Nevada-based energy utility Southwest Gas Holdings. In August, Southwest Gas' board decided against a divestiture, and the sale of subsidiaries that Icahn had urged remains uncertain. "Shareholders don't want to hear it, but you really have great difficulty selling a company at a good price today," the widely followed activist investor Icahn told Insider. via CNBCBut, like Icahn in the case of Southwest Gas, participants in this new onslaught may find themselves confounded by an increasingly complex and fraught business environment. According to Lazard, 37% of activist campaigns this year were launched by first-timers, the highest proportion since the company started tracking these figures in 2015.

Carl Icahn had a textbook strategy for the Nevada-based energy utility Southwest Gas Holdings. In August, Southwest Gas' board decided against a divestiture, and the sale of subsidiaries that Icahn had urged remains uncertain. That means that the sale of companies like Southwest Gas is off the table for the time being — or will get done at prices far lower than before. via CNBCBut, like Icahn in the case of Southwest Gas, participants in this new onslaught may find themselves confounded by an increasingly complex and fraught business environment. According to Lazard, 37% of activist campaigns this year were launched by first-timers, the highest proportion since the company started tracking these figures in 2015.

☆ This 29-year-old makes $22,000 a month from her art side hustle: 'I work less than 2 hours a day on it'
▼ + stars: | 2022-12-13 | by ( Domonique Brown | ) www.cnbc.com time to read: +3 min

Zoom In Icon Arrows pointing outwards "Black Hair is Dope": I created this portrait to challenge stereotypes about Black people wearing durags. Zoom In Icon Arrows pointing outwards I created this piece for Bath & Body Works to commemorate Juneteenth. Artwork: Domonique BrownI never limit myself when it comes to experimenting with ideas. After I log off from my day job, I switch gears and create artwork. Zoom In Icon Arrows pointing outwards "Reflection" is one of my highest-selling pieces.

☆ This is Goldman Sachs' favorite retail stock for 2023
▼ + stars: | 2022-12-12 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Investors are carefully watching the retail sector going into 2023 for signs of a slowing economy and consumer weakness. Still, there are some stocks that are poised to gain even in an uncertain environment, according to Goldman Sachs. At the same time, Goldman downgraded shares of Ulta to neutral from buy, citing tougher growth in 2023 after a solid year. It has sell ratings on shares of Bed Bath & Beyond, Big Lots and Williams-Sonoma. On the flip side, it has buy ratings on shares of Walmart, O'Reilly Automotive, BJ's Wholesale Club, Dollar General, Dicks Sporting Goods, Five Below and more.

☆ Here are Monday's biggest analyst calls: Apple, Netflix, Disney, Microsoft, Robinhood, Gap & more
▼ + stars: | 2022-12-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Stifel names Microsoft a top 2023 pick Stifel said it likes Microsoft's "strong product portfolio" for 2023. Goldman Sachs downgrades Ulta to neutral from buy Goldman said in its downgrade of the stock that it sees difficult comps. Evercore ISI names Netflix a top idea for 2023 Evercore said it sees "robust revenue growth" for Netflix in 2023. " Goldman Sachs upgrades Gap to buy from neutral Goldman said in its upgrade of the stock that it sees accelerated earnings growth. Cowen names Take-Two a top 2023 pick Cowen said the video game maker has a great "long-term track record."

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