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☆ Jim Cramer's top 10 things to watch in the market Wednesday: China reopening fails to inspire
▼ + stars: | 2022-12-07 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Two out of the Club's three stocks tied closely to China — Starbucks (SBUX) and Wynn Resorts (WYNN) — are down. Barclays piles on and cuts every price target for oil companies. RBC Capital raises price target on Nike (NKE) to $120 per share from $115; keeps outperform (buy) rating. 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.

☆ Florida pulls $2 bln from BlackRock in largest anti-ESG divestment
▼ + stars: | 2022-12-01 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

This will allow them to hold hearings on ESG and grill the chief executives of BlackRock and other major assets managers about their ESG policies, and also pressure regulators to scrutinize them. Patronis accused BlackRock of focusing on ESG rather than higher returns for investors. U.S. Democratic officials have argued BlackRock doesn't press ESG concerns enough. read moreSo far, only Republican-controlled states have made major reallocations away from BlackRock, including $794 million pulled by Louisiana's treasurer read more and $500 million by Missouri's treasurer, both in October. Reporting by Ross Kerber in New York; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves midday: Apple, Chevron, Bilibili, Hibbett & more
▼ + stars: | 2022-11-29 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Hibbett — Shares of Hibbett dropped more than 9% after the company posted a disappointing profit for the third quarter. Chevron — The energy stock rose more than 1% as oil prices rebounded from Monday's sell-off. Wynn Resorts , Las Vegas Sands — Shares of casino operators Wynn Resorts and Las Vegas Sands jumped 2.6% and 1.8% respectively on news that China has given new licenses to operators in Macao so that they can keep operating amid the government's zero Covid policy. Darden Restaurants — Shares of Olive Garden's parent company slipped roughly 1% following a downgrade to neutral from Baird. The firm said the "risk/reward looks more balanced" for Darden Restaurants following the stock's recent outperformance.

☆ Deutsche Bank upgrades UPS, says macro concerns are now fully priced into the stock
▼ + stars: | 2022-11-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Deutsche Bank is changing its perspective on United Parcel Service , believing macro concerns are now priced into the stock. Earlier concerns of a shifting macro environment and labor contract negotiations are already reflected in the shares, Mehrotra said. Shares of UPS have come under pressure this year, falling 16% amid a murky macro picture. "The bottom line is UPS shares appear to us as overindexing transitory headwinds rather than the structural opportunity for consistent profitable growth," Mehrotra wrote. "While this is completely understandable in the current macro environment, we feel we're closer to the point where shares can get better credit for the sustainable returns being generated."

☆ Stocks making the biggest moves in the premarket: Hibbett, Silvergate Capital, Chemours and more
▼ + stars: | 2022-11-29 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Silvergate Capital (SI) – The digital assets bank's shares fell another 2.4% in the premarket, extending yesterday's 11.1% loss. Chemours (CC) – Chemours tumbled 6.1% in premarket trading after the chemical maker said its full-year earnings were tracking slightly below the low end of its prior guidance range. United Parcel Service (UPS) – UPS gained 1.4% in the premarket after Deutsche Bank upgraded the delivery service's stock to "buy" from "hold." HSBC (HSBC) – HSBC struck a deal to sell its Canadian unit to the Royal Bank of Canada for $10.1 billion in cash. Roku (ROKU) – Roku shares fell 2.9% in premarket action after KeyBanc downgraded the video streaming device company's stock to "sector weight" from "overweight," saying several facets of its bullish thesis on Roku failed to play out.

☆ Logistics Companies Are Diversifying Hiring, but Challenges Persist
▼ + stars: | 2022-11-28 | by ( Liz Young | ) www.wsj.com time to read: +8 min

Photo: Sarah Oden/Associated PressWomen and people of color are being hired into top roles in the logistics industry. United Parcel Service Inc. turned to Carol Tomé, a former finance chief at Home Depot Inc., in 2020 to become chief executive officer. Raj Subramaniam, who is from India, was chosen to succeed FedEx Corp. founder Fred Smith as chief executive earlier this year. Judy McReynolds has been chief executive of ArcBest Corp. , one of the largest trucking companies in the U.S., since 2010. Studies also show there is a big gap in pay across the logistics industry.

☆ Retailers Turning to Specific-Day Delivery Over Speediest Shipping
▼ + stars: | 2022-11-09 | by ( Liz Young | ) www.wsj.com time to read: +4 min

Retailers this holiday season are focusing on delivering packages to customers on specific dates, rather than competing on speed of delivery. With inflation-conscious consumers now dialing back their online shopping, many retailers are focused on restraining the high costs of fulfillment and last-mile delivery. In 2019, the e-commerce giant also gave its Prime members the option to pick a specific delivery date. The feature refines the retailer’s previous three- to five-day shipping window, said Shivi Shankaran, the company’s chief operating officer. “Sometimes they want it really, really fast, or they want it really, really scheduled,” Mr. Gorlin said.

☆ EV startup Arrival warns of going concern risks
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

Nov 8 (Reuters) - Electric-vehicle startup Arrival SA on Tuesday warned it may not have enough cash to keep its business going next year and said it would explore all options to deal with the funding crunch. Arrival has been struggling with rising costs and its ability to raise capital as it seeks to start making vehiclesArrival said it would further "right-size" the organization and turn frugal in a move that could impact its workforce. The company expects to have enough cash to fund the business into the third quarter of next year. Arrival's net loss widened to $310.3 million in the third quarter from $30.6 million a year earlier. In 2020, the company received an order for 10,000 electric vans from United Parcel Service (UPS.N), with the option for an additional order of 10,000 units.

☆ Free returns may soon be a thing of the past as retailers roll out stricter policies
▼ + stars: | 2022-11-04 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

Crew (which was once well-known for a generous return policy that spanned the lifetime of a garment) have shortened their regular return windows to within a month. Changing the return policy is an easier pill for the costumer to swallow than an increase in the purchase price. "Changing the return policy is an easier pill for the costumer to swallow than an increase in the purchase price." How to avoid return feesStill, shoppers love free returns almost as much as they love free shipping. In fact, 98% of consumers said that free shipping was the most important consideration when shopping online, followed by more than three-quarters who said the same about free returns, according to a recent report by PowerReviews.

☆ Royal Mail's largest labour union rejects new conditional pay offer
▼ + stars: | 2022-10-31 | by ( Ajose Koilparambil | ) www.reuters.com time to read: +2 min

Royal Mail and the Communication Workers Union (CWU) last week agreed to engage in talks through arbitration to resolve the months-long pay dispute and on Sunday the CWU withdrew its planned strike action in Britain in the next two weeks. Royal Mail's latest offer includes a 7% salary increase over two years, plus a lump sum payment of 2% of pay this year, but was subject to CWU agreeing to several changes including to Sunday working, start times and flexible working. The CWU, which represents more than 115,000 postal workers at Royal Mail, rejected the offer and said it would vote to take further strike action. "It (the offer) includes more unacceptable changes and a derisory 7% two-year pay offer that is well below projected inflation for both years," the CWU said in a statement. Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Shailesh Kuber and David EvansOur Standards: The Thomson Reuters Trust Principles.

Freight companies are preparing for what executives are calling a muted peak season, as dimming shipping demand from overstocked retailers ripples across U.S. shipping markets. Several big operators say they are seeing freight demand drop off rather than pick up heading into what is typically their busiest period of the year. Clothing retailer Ministry of Supply Inc. stocked up on inventory for the peak season with orders that arrived too late for last year’s winter season and items that arrived early this year. DAT Solutions LLC, a load board that matches trucks to available loads, said its index for spot market demand fell sharply from August to September, to the lowest point since February. “If you’re a carrier exposed to the spot market, you’re hurting.

The tech-heavy Nasdaq (.IXIC) jumped more than 2% in the session as the 10-year Treasury yield hit the day's low of 4.05% before bouncing slightly. 3M (MMM.N), on the other hand, fell 0.4% as it cut its full-year revenue and profit forecasts due to a stronger dollar. Advancing issues outnumbered decliners by a 5.56-to-1 ratio on the NYSE and by a 4.32-to-1 ratio on the Nasdaq. The S&P index recorded 12 new 52-week highs and one new low, while the Nasdaq recorded 61 new highs and 101 new lows. Reporting by Amruta Khandekar and Shreyashi Sanyal in Bengaluru; Editing by Maju Samuel and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ UPS Earnings Rise as Higher Prices Offset Shipping Slowdown
▼ + stars: | 2022-10-25 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

UPS’s overall revenue, while higher than last year, is under analysts’ expectations. United Parcel Service Inc.’s profit climbed in the third quarter despite a downtick in shipping volumes as higher prices held up its top line. Overall revenue for the Atlanta-based delivery company rose 4.2% to $24.2 billion, as revenue per piece shipped climbed 8.6%, offsetting a 2.1% decline in the volume of packages shipped.

Earnings from the companies will offer a glimpse into how corporate America is holding up in the face of decades-high inflation and tighter financial conditions. "There is a positive view (on technology earnings)," said Giuseppe Sette, president of AI investment platform Toggle. FEDWATCHToggle's Sette noted that it is not yet a done deal that investors are shifting towards a more dovish Fed. Advancing issues outnumbered decliners by a 5.16-to-1 ratio on the NYSE and by a 4.03-to-1 ratio on the Nasdaq. The S&P index recorded 10 new 52-week highs and one new low, while the Nasdaq recorded 41 new highs and 76 new lows.

Earnings reports from companies including Microsoft (MSFT.O) and Google-owner Alphabet (GOOGL.O) will offer further clues on the strength of corporate America amid higher Treasury yields and an aggressive Federal Reserve tightening cycle. Shares of the two companies, which report after market close, were up about 0.2% each in premarket trading. Register now for FREE unlimited access to Reuters.com Register"There is a positive view (on technology earnings)," said Giuseppe Sette, president of AI investment platform Toggle. Leading premarket gains among Dow components, Coca-Cola Co (KO.N) rose 2.4% after the company raised its annual revenue and profit forecasts, banking on steady demand amid price increases. 3M (MMM.N), on the other hand, fell 2.8% as it cut its full-year revenue and profit forecasts due to a stronger dollar.

☆ UPS beats profit estimates on higher parcel delivery prices
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +2 min

Oct 25 (Reuters) - United Parcel Service Inc (UPS.N) on Tuesday reported a stronger-than-expected quarterly adjusted profit and reaffirmed its full-year forecast as higher delivery prices helped offset softening e-commerce demand. Delivery firms such as UPS and FedEx Corp (FDX.N) have banked on higher-paying small businesses and enterprise customers to drive volumes and earnings in the wake of falling e-commerce demand and receding domestic volumes. Atlanta based UPS' shares were up about 1% in premarket trade as the company reaffirmed its full-year revenue forecast of about $102 billion and adjusted operating margin of around 13.7%. The world's largest parcel delivery firm's quarterly revenue of $24.2 billion missed analysts' estimates of $24.3 billion, as consolidated average daily package volumes declined 2.1% to 22.9 million in the quarter. UPS adjusted third-quarter profit rose to $2.99 per share beating Wall Street estimates of $2.84 per share.

☆ What Cramer is watching Tuesday — UPS and Halliburton beat, Meta catches price cuts
▼ + stars: | 2022-10-25 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

What I am looking at Oct. 25, 2022 Delivery service UPS beats — Q3 adjusted EPS of $2.99 versus consensus $2.85 — but only reaffirms guidance. Club holding Meta Platforms (META) gets two more price cuts: KeyBanc lowers to $175 from $196, Jefferies cuts to $200 from $225. (Jim Cramer's Charitable Trust is long HAL, META, STZ. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. A United Parcel Service (UPS) truck delivers boxes in Manhattan on April 26, 2022 in New York City.

☆ Stocks making the biggest moves midday: Xerox, Logitech, Upstart, Hibbett, Planet Fitness & more
▼ + stars: | 2022-10-25 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Xerox — Shares plunged 15% after the seller of print and digital document products and services reported disappointing earnings and cut its full-year revenue guidance. Brown & Brown — Shares of the insurance company dropped 11% after Brown & Brown missed earnings expectations. Brown & Brown posted earnings of 50 cents per share on revenue of $927.6 million. PulteGroup — The home construction company jumped 5.9% despite disappointing earnings expectations. General Motors — Shares of General Motors rose 3.6% after the automaker handily beat third-quarter earnings expectations.

☆ UPS reaffirms its outlook for 2022 as it posts mixed quarterly results
▼ + stars: | 2022-10-25 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

United Parcel Service driver pulls away after making a delivery in Washington, D.C.United Parcel Service reported mixed third quarter results Tuesday morning, posting earnings that beat analyst expectations and revenue that fell short of predictions. Revenue $24.16 billion vs. $24.30 billion expected. UPS also reaffirmed its outlook for full-year revenue of $102 billion and adjusted operating margin of about 13.7%, despite what CEO Carol Tomé called a "very dynamic" macroeconomic environment. The company did scale back its expected capital expenditures to $5 billion from about $5.5 billion, however. The services sometimes use UPS vehicles and can also consolidate shipments into other vehicles and their routes.

☆ Wall St closes sharply higher on hopes of abating Fed
▼ + stars: | 2022-10-24 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Among the 11 major sectors in the S&P 500, nine closed green, with healthcare (.SPXHC) enjoying the largest percentage gain. So far, nearly one-fifth of the companies in the S&P 500 have reported. Analysts expect S&P 500 earnings growth of 3.0%, on aggregate, down from 4.5% at the beginning of the month, per Refinitiv. Results from a slew of heavy-hitting tech and tech-adjacent companies are likely to dominate the earnings chatter this week. The S&P 500 posted 21 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 73 new highs and 331 new lows.

☆ Wall St rises as data hints at Fed policy progress
▼ + stars: | 2022-10-24 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

All three major U.S. stock indexes were higher at the top of a week jam-packed with high profile corporate earnings and crucial economic data. Among the 11 major sectors in the S&P 500, healthcare (.SPXHC) was enjoying the largest percentage gain. So far, nearly one-fifth of the companies in the S&P 500 have reported. Analysts expect S&P 500 earnings growth of 3.0%, on aggregate, down from 4.5% at the beginning of the month, per Refinitiv. The S&P 500 posted 21 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 58 new highs and 297 new lows.

Oct 24 (Reuters) - United Parcel Service (UPS.N) investors want to see this week how the delivery giant is managing through the bursting e-commerce delivery bubble better than rival FedEx (FDX.N). Shares in UPS are down roughly 20% so far this year, versus the 40% decline in FedEx stock. At the same time, the UPS sales team has been working to drum up new business. Lego, the $7.3 billion Danish maker of colorful plastic bricks used to build everything from UPS delivery trucks to Hogwarts Castle of Harry Potter fame, switched from FedEx to UPS, according to the sources, who asked not to be identified. Global air and ocean import cargo volumes, a gauge of demand for logistics companies like UPS and FedEx, are slumping.

☆ Rising Shipping Costs Prompt Businesses to Get Creative With Deliveries
▼ + stars: | 2022-10-24 | by ( Esther Fung | Photographs David Kasnic For The Wall Street Journal | ) www.wsj.com time to read: 1 min

Rising shipping costs are primed to squeeze profits for businesses of all sizes this holiday season. Entrepreneurs and executives say that to cope they are buying their own delivery vehicles, pleading with customers for patience and changing the products they sell. The moves, they say, are in response to carriers such as FedEx and United Parcel Service Inc. continuing to pass along price increases for service.

☆ EV startup Arrival to focus on U.S. market to rein in costs
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +1 min

Oct 20 (Reuters) - Arrival SA said on Thursday it would restructure its business to focus on the U.S. market, seeking to capitalise on the Inflation Reduction Act incentives and a larger addressable market as the electric-vehicle startup strives to cut costs. The Inflation Reduction Act is expected to result in $7,500 to $40,000 in tax credits for commercial vehicles. Arrival, which has lost nearly 90% in stock valuation so far this year, said in July the restructuring could result in up to 30% reduction in its workforce. In 2020, the company received an order for 10,000 electric vans from United Parcel Service (UPS.N), with the option for an additional order of 10,000 units. EV startups that promised to disrupt the automotive industry are now scrambling to keep a lid on costs amid supply chain issues and rising raw material prices.

☆ Freight Operators’ Peak Shipping Season Is Crumbling
▼ + stars: | 2022-10-18 | by ( Paul Berger | Paul Page | ) www.wsj.com time to read: +7 min

The peak shipping season is fizzling as overstocked retailers cancel overseas orders and freight companies scale back expectations for heavy freight volumes heading into the holidays. Many retailers pulled peak season orders in early this year to avoid a repeat of 2021 when supply-chain congestion caused delays and product shortages during the holidays. Container shipping rates that hit record highs last year have also pulled back sharply, although they still remain above 2019 levels. The peak shipping season cascades down into package transport, as United Parcel Service Inc., FedEx Corp. and others typically handle growing volumes as the calendar counts down to Christmas. Citi analysts say they expect a “weaker peak season and a large amount of uncertainty in terms of the magnitude of demand.”—Esther Fung and Liz Young contributed to this article.

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