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There are a slew of top stocks to buy this earnings season, analysts say. CNBC Pro combed through the latest Wall Street research to find the most well-positioned stocks heading into earnings. The firm added a tactical outperform rating to the name, saying Roku shares are too attractive to ignore. However, that doesn't mean investors should bail on the stock, the analyst said, adding a beat is very likely. VF Corporation Buy shares of the undervalued retail clothing company, Guggenheim analyst Robert Drbul wrote recently.
Persons: Shweta Khajuria, Khajuria, Roku, Jim Salera, Salera, Robert Drbul, Drbul, Bracken Darrell, Benno Dorer, Utz, Stephens, , Cantor Fitzgerald Organizations: CNBC, VF Corp, Roku, Guggenheim, Logitech, Corp, ISI Locations: LSEG
Vans sneakers maker VF taps Logitech's Bracken Darrell as CEO
  + stars: | 2023-06-20 | by ( ) www.reuters.com   time to read: 1 min
June 20 (Reuters) - VF Corp (VFC.N) has appointed Bracken Darrell, who last week stepped down as head of computer accessories maker Logitech (LOGN.S) after a 10-year stint, as its new CEO, the apparel and footwear maker said on Tuesday. VF Corp's CEO Steve Rendle retired in December 2022, after 25 years with the company, with lead independent director Benno Dorer named interim CEO. Darrell, who will take charge on July 17, has previously worked at Procter & Gamble (PG.N), Whirlpool Corp (WHR.N) and General Electric (GE.N). Dorer will remain a board member, VF Corp said. Reporting by Deborah Sophia and Juveria Tabassum in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
Persons: Bracken Darrell, Steve Rendle, Benno Dorer, Darrell, Dorer, Deborah Sophia, Juveria, Sriraj Organizations: VF, Logitech, Procter & Gamble, Whirlpool Corp, General Electric, Corp, Thomson Locations: Bengaluru
Goldman Sachs thinks VF Corp 's latest strategic moves will boost the stock. The firm double upgraded the parent company of Vans and The North Face to buy from sell with a new price target of $27 per share. "Looking ahead, we believe strategic initiatives now in place to improve execution will drive relative outperformance in the stock," Roach said. Budrul Chukrut | LightRocket | Getty ImagesGoldman Sachs thinks VF Corp 's latest strategic moves will boost the stock. VF Corp VFC ANALYST CONSENSUS 22 Ratings Hold 2 Strong Buy 2 Strong Buy 5 Buy 5 Buy 11 Hold 11 Hold 4 Underperform 4 Underperform 0 Sell 0 Sell 38.00 Highest Price Target Upside (32.22%) 28.85 Average Price Target 18.00 Lowest Price Target
Supply-Chain Headaches Ease for Many Companies
  + stars: | 2023-02-21 | by ( Paul Berger | Liz Young | ) www.wsj.com   time to read: +4 min
Supply-chain snarls are fading from among the top challenges facing some U.S. companies as freight congestion eases, shipping costs fall and factories in Asia are freed from Covid-19 lockdowns. The rising costs and lengthy transit times pushed some companies to cut back on slower-selling products and raise prices. Today, freight congestion has cleared and ocean shipping costs have fallen close to prepandemic levels. Mr. Bergman said the decline was “partially offset by 40 basis points of favorable supply-chain impact driven by lower freight costs, which more than offset product cost headwinds during the quarter.”Some companies said they still have a way to go before supply-chain challenges are resolved. And Ford Motor Co. Chief Executive Jim Farley told a virtual town hall on Feb. 9 that supply-chain problems were continuing to hamper the company’s progress.
CNBC's Jim Cramer on Wednesday offered investors a selection of stocks that he believes will do well this year. To come up with his picks, he examined the best- and worst performers in the S&P 500 from last year and chose five potential 2023 winners from each list. Here are the best-performers from 2022 that Cramer believes could continue to see gains this year:HalliburtonCramer predicted that the stock has a multi-year rally ahead of it. Enphase EnergyCalling it the "renewable golden boy," Cramer said the solar energy technology company is a profitable, solid business. Northrop GrummanThe company's stock could be the best defense contractor to own as the war between Russia and Ukraine continues, according to Cramer.
But Harrer, who joined Vans from Dollar Shave Club in April 2021, noted that Vans wasn't reminding people about those classic shoes. Vans stopped marketing its classic sneakers for some time before resuming earlier this year with the "Classic Since Forever" campaign. "Our top-tier limited-distribution footwear, which you may know as Vans Vault, has previously met the needs of influential footwear-trend accounts in the past," he said. With Vans Vault, the company takes classic shoes and collaborates with popular designers and boutiques on new colorways. Vans Vault releases compete with Nike, Adidas, Converse, and others for the general sneaker lover.
VF Corp. Chairman, CEO Steven Rendle Retires
  + stars: | 2022-12-05 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
The shakeup at the top of VF comes as the apparel maker lowered its sales and earnings guidance. VF Corp. on Monday said Steven Rendle has retired as chairman, president and chief executive, as the apparel maker cut its sales and earnings guidance amid flagging consumer demand. VF said Benno Dorer , the former CEO of Clorox Co., is stepping in as interim president and CEO while the Denver company conducts a search for a successor to Mr. Rendle, who had been chairman and CEO since 2017. Mr. Dorer has been a VF board member since 2017 and served as lead independent director since July 2021.
Benno Dorer, who sits on the company's board, will serve as interim CEO while the company searches for Rendle's permanent replacement. VF Corp. said it now expects full-year revenue to increase by 3% or 4% over the prior year, down from previously projected growth of 5% or 6%. It estimates its full-year earnings to come in at about $2.00 to $2.20 per share, down from previous guidance of $2.40 to $2.50, announced a few weeks ago. VF Corp. reported full-year earnings of $3.18 per share last year. This is the second time in less than two months that VF Corp. has slashed its guidance.
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