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☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, Reddit, Tesla, RH, Warby Parker, UPS and more
▼ + stars: | 2024-10-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Piper Sandler reiterates Tesla as overweight Piper says it's sticking with Tesla heading into earnings later this week. Morgan Stanley initiates BioAge Labs at overweight Morgan Stanley says the biotech company is well positioned. " Goldman Sachs upgrades Warby Parker to buy from neutral Goldman sees customer growth for the eyewear company. Morgan Stanley reiterates Home Depot as overweight Morgan Stanley raised its price target on Home Depot to $450 per share from $380. Morgan Stanley downgrades ServiceNow to equal weight from overweight Morgan Stanley said that expectations are already priced in to the stock.

Persons: John Donovan, Piper Sandler, Tesla, Piper, it's bullish, Morgan Stanley, Goldman Sachs, Warby Parker, Needham, Reddit, Gary Friedman, Jack Preston, Baird, TD Cowen, Cowen, Prologis, Goldman, Craig Felenstein, Jim Bombassei, Morgan Stanley downgrades ServiceNow Organizations: Deutsche Bank, GE Vernova, Deutsche, General Electric, BioAge, Barclays, UPS, FedEx, Dominion, Goldman, Nvidia, AMD, Mohawk Industries, JPMorgan, China EV, Catalyst, Bank of America, Fortune Locations: GitLab, NVDA, Europe, U.S, Las Vegas, China

☆ RH CEO Gary Friedman sits down with Jim Cramer
▼ + stars: | 2024-09-20 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRH CEO Gary Friedman sits down with Jim CramerRH Chairman and CEO Gary Friedman joins 'Mad Money' host Jim Cramer to talk quarterly results, global growth, the state of the housing market and more.

Persons: Gary Friedman, Jim Cramer

☆ RH is the biggest importer of Italian sofas in America, says CEO Gary Friedman
▼ + stars: | 2024-09-20 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRH is the biggest importer of Italian sofas in America, says CEO Gary FriedmanRH Chairman and CEO Gary Friedman joins 'Mad Money' host Jim Cramer to talk quarterly results, global growth, the state of the housing market and more.

Persons: Gary Friedman, Jim Cramer Locations: Italian, America

☆ RH CEO explains why his company doesn't have a social media presence
▼ + stars: | 2024-09-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

RH CEO Gary Friedman told CNBC's Jim Cramer on Friday why the upscale home furnishing retailer doesn't have any official social media accounts, saying paid promotions by online influencers aren't authentic. And, you know, having fake fans and people you pay talk about you on Instagram or TikTok or whatnot, it's not the truth." Friedman conceded that social media has exploded, and "the digital visualization and connectivity is real." However, he said that if consumers aren't interested in our showing enthusiasm for the brand, RH should do better work, not pay others to talk about the company. He claimed that RH still has a solid presence online, but not because of paid influencing or social media marketing on the company's part.

Persons: Gary Friedman, CNBC's Jim Cramer, Friedman, it's, RH, There's Locations: London, Paris, Milan, Madrid, U.S, North Carolina

☆ Stocks making the biggest moves midday: Moderna, Uber, Boeing, Adobe and more
▼ + stars: | 2024-09-13 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Oracle — The stock rose nearly 2% after the database software company raised its fiscal 2026 revenue outlook . Uber — Shares of the ride-sharing company advanced more than 5% following news that it plans to expand its partnership with Alphabet's Waymo . Adobe — Shares tumbled 9% after the software company issued weaker-than-expected guidance for the current quarter. Unity Software — Shares of the game engine company added nearly 7%. Discovery — Shares advanced about 9% after the media conglomerate entered an early renewal agreement with Charter Communications.

Persons: Kevin Clark, RH —, Gary Friedman, Alphabet's Waymo, Uber, Stifel, Biden, David Zaslav, —, Jesse Pound, Sean Conlon, Samantha Subin, Hakyung Kim Organizations: JPMorgan, Oracle, Aptiv, — Stock, Adobe, Boeing, Unity, Holdings, PDD Holdings, Redfin Corporation, Federal Reserve, U.S, Home, Warner Bros, —, Charter Communications, Discovery Locations: U.S, Austin , Texas, Atlanta, China

☆ Jim Cramer calls this stock the Buffett bank; warns nothing really new on Netflix
▼ + stars: | 2024-07-09 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +1 min

Bank of America : Piper Sandler upgraded the stock to neutral from underweight (hold from sell) and raised its price target to $42 per share from $37. "It's becoming the Buffett bank," Jim Cramer said Tuesday ahead of next week's earnings. RH : Stifel started coverage of the company formerly named Restoration Hardware with a buy and a $315-per-share price target. Netflix : Cowen increased its price target on the stock ahead of earnings next week. Smurfit Westrock : Stifel started coverage of the paper-based packaging company with a buy rating and a $65.70-per-share price target.

Persons: Jim Cramer's, Piper Sandler, It's, Jim Cramer, Warren, Berkshire Hathaway, BofA ., Stifel, Gary Friedman, Gary, Cramer, He's, chipmaker, he's, Cowen, There's, it's Organizations: CNBC, Club, Bank of America, Buffett, Berkshire, Intel, Netflix Locations: BofA

☆ Stocks making the biggest moves midday: Walgreens Boots Alliance, Levi Strauss, International Paper and more
▼ + stars: | 2024-06-27 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Walgreens Boots Alliance — The stock plummeted more than 24.5% after the retail company reported third-quarter earnings results that missed Wall Street's expectations . Levi Strauss — The denim maker's stock tumbled 17.1% after revenue came in at $1.44 billion for the second fiscal quarter. International Paper — Shares of the paper manufacturing company fell nearly 8% following the news that Suzano is no longer pursuing a potential acquisition of the company. Hunterbrook Capital, a hedge fund Hunterbook is affiliated with, has a short position in the company's shares. Micron Technology — The memory chip stock shed nearly 7% after Micron Technology offered guidance that was roughly in line with expectations.

Persons: Levi Strauss, Suzano, Gary Friedman, AeroVironment, Goldman Sachs, Alex Harring, Samantha Subin, Lisa Kailai Han, Michelle Fox Organizations: Walgreens, Alliance, CVS, LSEG, Hunterbrook Media, Hunterbrook, Micron Technology, Arista Networks, Citi

☆ The Napoleon of Your Living Room
▼ + stars: | 2024-06-08 | by ( David Segal | ) www.nytimes.com time to read: +1 min

Gary Friedman hates meetings. A 66-year-old with apparently limitless energy and a perpetual tan, Mr. Friedman is the chief executive of RH, one of the country’s largest high-end furniture sellers, and he never holds meetings. That’s a typical stretch for Mr. Friedman’s adventures with his architecture and design team, a group of about 20 executives overseeing one of the priciest expansions in the history of American retail. The company is doubling the number of stores, called “galleries” in RH speak, with 35 new ones in the works. He wants to forge a brand that is so ubiquitous — RH restaurants, RH hotels, RH clothing — that its impact is global.

Persons: Gary Friedman, Friedman, ”, Friedman’s, California Rich Locations: California

☆ Furniture companies in a rut as fewer people buy big-ticket items
▼ + stars: | 2023-09-09 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

CNN —People aren’t buying furniture like they used to. Last week, a pair of furniture retailers said they are experiencing a massive sales slump compared to last year. On Friday, shares of RH (RH) fell 16%, while Hooker Furnishings (HOFT) dropped 17%. The two companies are the latest in a growing list of furniture retailers seeing a slowdown after years of growth fueled by pandemic-era stay-at-home trends. Wayfair, an online furniture seller, saw its second-quarter revenue decline 3.4%, and La-Z-Boy, a furniture manufacturer, reported a 20% drop in sales in August.

Persons: Hooker, David L, Ryan, ” Williams, Laura Alber, Brad Thomas, ” Thomas, ”, Gary Friedman, Thomas, Bob Williams, Chris Moye, ” Hooker, Jeremy Hoff, “ Organizations: CNN, West Elm, Boston Globe, KeyBanc, Home, Target, Mortgage, Association Locations: Virginia, Wayfair, Williams, Sonoma, Lynnfield

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. RH after the closing bell on Thursday forecast third-quarter revenue of $740 million-$760 million, below the average Wall Street analyst estimate of $772.87 million according to LSEG data. RH's stock fell more than 15% to $312.95, its biggest daily drop since March 2020. Multiple analysts, including from Citigroup, UBS and Wedbush, slashed their price targets for RH's shares following the report. The median Wall Street price target for RH's shares is $340 with a current recommendation of "Hold," LSEG data showed.

Persons: Brendan McDermid, Gary Friedman, Jonathan Matuszewski, Chibuike Oguh, Lance Tupper, Mark Porter Organizations: New York Stock Exchange, REUTERS, Citigroup, UBS, Wedbush, JPMorgan, Jefferies, Thomson Locations: New York City, U.S, United States, New York

☆ RH CEO Gary Friedman talks Q2 earnings with Jim Cramer
▼ + stars: | 2023-09-08 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

RH CEO Gary Friedman joins 'Mad Money' host Jim Cramer to talk quarterly earnings. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email

Persons: Gary Friedman, Jim Cramer

☆ RH CEO talks potential Miami expansion: 'It's the most significant capital contribution we've ever made'
▼ + stars: | 2023-09-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Gary Friedman, CEO of upscale home design and hospitality firm RH, elaborated on the company's plans to purchase a large Miami restaurant and entertainment venue in a Friday interview with CNBC's Jim Cramer. "It's a magnificent opportunity, I think, for the community of Miami, and it's the most significant capital contribution we've ever made," Friedman said. "We believe Miami is one of the most key global cities in America," Friedman said. "Look, there's New York, there's Los Angeles and there's Miami Beach. The company launched a London gallery in June and plans to open galleries in Paris, Milan and Madrid.

Persons: Gary Friedman, CNBC's Jim Cramer, RH, Friedman Organizations: Real Locations: Miami, America, New York, Los Angeles, Beach, North America, South America, London, Paris, Milan, Madrid

☆ Stocks making the biggest moves midday: Kroger, DocuSign, Planet Labs, First Solar and more
▼ + stars: | 2023-09-08 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Kroger earned an adjusted 96 cents per share, beating an LSEG estimate of 91 cents per share. Planet Labs lost an adjusted 14 cents per share on revenue of $53.8 million. Analysts polled by LSEG expected a loss of 8 cents per share on revenue of $54.1 million. DocuSign reported an adjusted 72 cents per share and $688 million in revenue, while analysts polled by LSEG forecast an adjusted 66 cents and $678 million, respectively. First Solar — Shares of the solar panel maker gained 1.4% after Deutsche Bank upgraded the First Solar to buy from hold, citing the company's strong ongoing demand.

Persons: Victor Coleman, Kroger, LSEG, DocuSign, Davidson, Gary Friedman, Gilead, — CNBC's Pia Singh Organizations: Kroger Co, Albertsons Cos Inc, New York Stock Exchange, Hudson Pacific Properties, Hollywood, Avid, Labs, Planet Labs, LSEG, Deutsche Bank, Gilead Sciences, Bank of America Locations: New York City, California

☆ Stocks making the biggest moves before the bell: Kroger, DocuSign, Snowflake, Adobe and more
▼ + stars: | 2023-09-08 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

But the company posted $33.85 billion in quarterly revenue, under the $34.13 billion anticipated by analysts. Planet Labs — The satellite imagery stock slipped 2.6% in premarket trading after delivering a weaker quarterly report than expected on Thursday. DocuSign — The electric signature stock advanced 2.4% premarket on the heels of a stronger-than-expected quarterly report released Thursday. The Wall Street firm said Snowflake is in an advantageous position with "best-in-class growth rates" and is set to benefit from increased demand for artificial intelligence applications. The Wall Street firm cited First Solar's strong growth message during its investors day.

Persons: Kroger, LSEG, DocuSign, Davidson, Snowflake, Mizuho, RH —, Gary Friedman, —, Yun Li, Sarah Min, Jesse Pound, Michelle Fox, Scott Schnipper Organizations: Planet Labs, LSEG, Deutsche Bank, Mizuho, Gilead Sciences, Bank of America Locations: Gilead

☆ Upscale homeware brand RH, which sells $5,000 dining tables and $10,000 couches, admits its pricing was 'arrogant'
▼ + stars: | 2023-05-31 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +2 min

RH, known for selling pricey furniture, says its prices have been "too aggressive" in the past. The CEO says its addressing this by lowering prices in its new collection, RH Contemporary. Analysts say this strategy could help it to woo aspirational shoppers who were priced out. But its newest collection, dubbed "RH Contemporary," will have a "value proposition that will be disruptive across multiple markets," he said. UBS analyst Michael Lasser said its new pricing strategy suggests that the brand is looking to court aspirational shoppers, which it may have alienated by previous price increases, in order to drive growth.

Persons: —, Gary Friedman, Friedman, what's, Michael Lasser, RH, Lasser Organizations: Contemporary, Analysts, Service, UBS

☆ RH stock plunges 8% after Warren Buffett's Berkshire Hathaway dumps its entire stake in the home furnishings company
▼ + stars: | 2023-05-16 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

RH stock price plunged 8% on Tuesday after Warren Buffett's Berkshire Hathaway sold its entire stake in the home furnishings company. Berkshire Hathaway began building its RH stake in the third quarter of 2019, and it was last worth about $575 million. Shares of RH have plunged 67% from their post-pandemic high, but Buffett still likely made a profit on the company. RH CEO Gary Friedman has been a fan of Warren Buffett, having quoted him often during company earnings calls over the years. But shares of RH have fallen considerably since its post-pandemic peak of nearly $750, dropping 67% to today's price of about $244.

☆ The US housing market is tanking - and the banking fiasco could make things worse, RH CEO Gary Friedman says
▼ + stars: | 2023-03-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The US housing market has slowed dramatically over the past year, RH CEO Gary Friedman said. Soaring interest rates have hit housing demand, and the banking fiasco is a fresh blow, he said. Friedman said the outlook is less clear now than in 2008, and he urged the Fed not to tank the economy. "The fact is, we've been in a massive housing recession for the past year," Friedman continued, adding that "accelerating weakness" in the sector could weigh on his company's revenue and profits for several quarters. Several experts have sounded the alarm on the housing market and economy.

☆ A housing market 'trough' is around the corner and should be a welcome relief to real estate firms like Zillow, a Bank of America analyst says
▼ + stars: | 2023-01-17 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

High mortgage rates and home prices have put the housing market into a deep chill. A Bank of America analyst upgraded real estate stock Zillow from "underperform" to a "buy." A dark cloud is hovering over America's housing market with each week bringing signs of doom and gloom. The rosier view wasn't because of an imminent improvement in the housing market. That's hit Zillow — which earns most of its revenue from lead generation for real estate agents — squarely in the pocket.

☆ The CEO of one of America's biggest homebuilders said we're already in a 'housing recession,' and there are two other key signs that the real-estate market is still cooling
▼ + stars: | 2022-12-20 | by ( Robert Davis | ) www.businessinsider.com time to read: +3 min

Sheryl Palmer, CEO of Taylor Morrison, says the US is already in a housing recession. Some economists still aren't buying into the housing recession narrative. In 2023, Palmer said homebuyers should expect overall inventory volumes to drop as buyers scoop-up existing homes. Palmer's comments come on the heels of other business heads who expect the US housing market to have a tough year in 2023. But not everyone agrees that the US housing market is in a recession, or that it will face one in 2023.

☆ A luxury-furniture CEO warns that 'the housing market is collapsing at a level I haven't seen since 2008'
▼ + stars: | 2022-12-09 | by ( Robert Davis | ) www.businessinsider.com time to read: +4 min

RH CEO Gary Friedman told investors on an earnings call this week that the housing market is collapsing. He previously told investors that "anyone who doesn't think we're in a recession is crazy'"Other real estate experts think the market data isn't a perfect indicator of future performance. He points to low homebuyer demand and the Federal Reserve's aggressive interest rate hikes to tame inflation for the market decline. "The housing market has collapsed, and it's gone down pretty viciously as interest rates went up," Friedman said during the call. Meanwhile, Friedman estimated that the luxury housing market, which is RH's primary market, could see a 35% to 40% decline in activity in Q4 because of high interest rates.

☆ Why stocks aren't down even more on Friday's hot inflation report
▼ + stars: | 2022-12-09 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Will this data point suddenly make the Federal Reserve raise 75 basis points next week, versus the 50 basis point hike expected? (1 basis point equals 0.01%.) The dollar, which has been in a notable downtrend for the last month, rallied initially, then fell back. The managers collectively expect earnings to rise by an average of 10% next year (71% expected earnings to rise). Blackrock, in a pessimistic 2023 outlook, said "We find that earnings expectations don't yet price in even a mild recession."

☆ From Elon Musk's 'super bad feeling' to Jamie Dimon's warnings of an economic 'hurricane,' CEOs are shouting that 2023 is going to suck. Here's what 10 are predicting.
▼ + stars: | 2022-10-21 | by ( Hannah Towey | Jason Lalljee | ) www.businessinsider.com time to read: +8 min

91% of US CEOs anticipate there will be recession in the next 12 months, according to a KPMG survey. The Fed will further raise interest rates to combat inflation, which will increase costs for businesses. Those interest rates also mean that credit card and loan debt will get more expensive. Musk told investors in October that "North America is in pretty good health," but pushed back on the Fed's decision to keep raising interest rates. Citadel CEO Ken Griffin"Everybody likes to forecast recessions, and there will be one," Citadel's billionaire CEO told CNBC in late September, noting that he thinks inflation has peaked.

☆ Cooling demand means raising prices becomes a test of how well companies know their customers
▼ + stars: | 2022-09-28 | by ( Robert Hum | ) www.cnbc.com time to read: +6 min

As the country reopened after pandemic closures, price hikes were essentially a sure bet. Will those price hikes be as big in magnitude as previous ones? Or do companies attempt to stimulate sales by cutting prices — but at the risk of eroding margins? On Thursday afternoon, it will be worth keeping a close eye on Micron and Nike to see what they have to say about pricing, margins and demand dynamics. Given the current situation, don't rule out future price hikes too from the food maker.

☆ Central banks around the world are willing to risk recession to fight inflation — and early signs suggest widespread pain for everyone, everywhere
▼ + stars: | 2022-09-24 | by ( Ben Winck | ) www.businessinsider.com time to read: +9 min

How a mild US slump becomes a deep global recessionMore than 80 central banks are staring down the same problem. That followed a hike of the same size by the European Central Bank on September 8. That so many central banks share the Fed's outlook could become a huge problem. "But because they are highly synchronous across countries, they could be mutually compounding in tightening financial conditions and steepening the global growth slowdown." Central banks could be mere months away from a lose-lose scenario.

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