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Within the Club, we heard this week from Foot Locker on Wednesday, then from Costco and Broadcom on Thursday. The big economic data drop of the week arrived Friday with February's nonfarm payrolls report . The center of attention is Tuesday's February consumer price index report . On Thursday, the February produce price index is due out. ET: Producer Price Index 8:30 a.m.
Persons: FactSet, Locker, Foot Locker, February's nonfarm, Jerome Powell, he's, we'll, MANU, LEN, Jim Cramer's, Jim Cramer, Jim, Mostafa Bassim Organizations: Nasdaq, Dow Jones Industrial, Costco, Broadcom, Commerce, Federal, PPI, Ballard Power Systems, Fortrea Holdings, Casey's, Vail Resorts, MTN, Daniels, Midland, Kohl's Corporation, Kanzhun, Game Technology, Manchester United, Blade Air Mobility, Clover Health, Beauty Health, Energy Vault Holdings, PHX Minerals, Guild Holdings, Finance, Heron Therapeutics, ZIM Integrated Shipping Services, Arcos Dorados Holdings, ARCO, Petco, Wellness Company, Farms, Sonoma, WSM, ESS Tech, DICK'S Sporting, Inc, Futu Holdings, Bear, Autolus Therapeutics, III Apparel, Solo Brands, Weibo Corporation, Embraer, CNBC, Washington DC, Anadolu, Getty Locations: U.S, Asana, ASAN, Williams, Washington, United States
Build-A-Bear Workshop is set to win as adults get around to the fact that toys aren't just for kids anymore, according to DA Davidson. Analyst Michael Baker initiated coverage of the toy retailer earlier this week with a buy rating. Shares of Build-A-Bear have outperformed the broader market this year, rising more than 17%, while the S & P 500 is up 13%. BBW YTD mountain BBW ytd chart Build-A-Bear also caters to older demographics, with teens and adults responsible for over 40% of sales in 2022 owing to numerous collectibles and licensing agreements, Baker noted. "To us, this increases their total addressable market well beyond that $9B [global stuffed and plush toy] market and suggests a market share in the low single digit range."
Persons: DA Davidson, Michael Baker, Baker, Michael Bloom
Here are the biggest calls on Wall Street on Wednesday: Morgan Stanley reiterates Apple as overweight Morgan Stanley said its iPhone survey checks show that China is a "bright spot." Needham initiates On Holding as buy Needham said the shoe manufacturer is one of the "fastest growth stories" in retail. Needham initiates Lululemon as buy Needham said in its initiation of Lululemon that it has "superior growth characteristics." Morgan Stanley downgrades Zebra Holdings to underweight from equal weight Morgan Stanley said the turnaround is taking longer than expected for the computer printing tech company. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said Amazon's Tuesday announcement of seasonal hires is a "bullish leading indicator for expected continued retail share gains."
Persons: Morgan Stanley, Apple, Needham, Lululemon, Oppenheimer, Chewy, Bernstein, SVB, Jefferies, Instacart, Rosenblatt, Sonos, Goldman Sachs, Morgan Stanley downgrades nCino, it's, D.A, Davidson, Wedbush Organizations: Apple, UBS, Nike, Microsoft, RBC, IBM, JPMorgan downgrades, JPMorgan, Boeing, Citi, Citizens, FDIC, Health, America, Azul, Holdings, UW, " Bank of America, Disney, Bank of America, DIS Locations: China, SVB, U.S, Germany, Great Britain, France
Morgan Stanley named a slew of must-own stocks this week that the firm said are firing on all cylinders ahead of summer. They include Bath & Body Works , Take-Two Interactive, RBC Bearings, Thermo Fisher Scientific and American Express. RBC Bearings "[The] growth story remains intact," analyst Kristine Liwag said of the aerospace and industrial bearings maker. "We continue to view RBC Bearings as a high-quality industrials compounder with attractive growth and margin expansion potential," she wrote. … We continue to view RBC Bearings as a high-quality industrials compounder with attractive growth and margin expansion potential.
Persons: Morgan Stanley, Morgan, Matthew Cost, he's, Kristine Liwag, Liwag, Alex Straton, BBW, Straton, mgmt, Amex hasn't Organizations: CNBC, Body, Interactive, RBC, Fisher Scientific, American Express, Dodge Industrial, Locations: Biopharma
Where the market heads next will once again depend on inflation data — especially this week's highly anticipated jobs report. No portfolio companies report earnings next week. However, with mortgage rates bouncing back in recent weeks, it remains to be seen if the strong monthly report will see any follow up. 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.
New York CNNBusiness —We know young kids love teddy bears and cute cuddly stuffed animals. But Build-A-Bear Workshop says older consumers can’t resist them, either. Shoppers can stuff a teddy bear or another furry animal and personalize it with clothes, accessories and their own voice-recorded message. Among the older shoppers are collectors and gift buyers. Courting teens and older customers has benefits.
Danielle Zavala quit her job as a preschool teacher to become a BBW model on OnlyFans and Curvage. But in summer 2021 I quit my job become an OnlyFans model, and I really don't have any regrets. From month to month, I at least have a minimum idea of how much I'll earn. I don't drink; I don't do any drugs; I don't smoke; I have a good, healthy relationship. Just because you're an OnlyFans model doesn't mean you're completely wild.
The toy giants realize that many adults aren’t just looking to buy toys for their children, grandkids, nieces and nephews. Companies like Hasbro (HAS) are increasingly looking to adults (and not just parents) as buyers for nostalgic products, whether its gifts for older loved ones, friends or for themselves. Toy companies and other collectibles makers clearly recognize that grown-up shoppers are still invested in the brands that they played with as kids. Mattel (MAT) is hoping to cash in from more adults buying toys for other grown-ups as well. “The Bear Cave has more lighthearted products for adults,” Price John said, including some bears drinking a glass (or bottle) of wine.
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