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Investors could win big with some of the companies reporting earnings this week that are trading below their fair valuations. About one-third of the S & P 500 , or 154 companies, as well as 10 companies in the Dow Jones Industrial Average , are due to report earnings this week. It is also shaping up to be a big week for companies within the travel, restaurant, energy and pharmaceuticals industries. Ahead of these results, CNBC Pro screened for the stocks reporting this week that are both trading at a discount and favored among Wall Street. The energy company will report earnings next Thursday.
Persons: James Hardiman, TD Cowen, Cowen, Andrew Kligerman, Nicholas Campanella Organizations: Dow Jones, Microsoft, Big Tech, Intel, CNBC Pro, Norwegian Cruise, Citi, Insurance, MetLife, Barclays, D, WEC Locations: Norwegian, Entergy
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoyal Caribbean is 'best in breed on so many levels', says Citi's James HardimanJames Hardiman, Citi leisure analyst, joins 'Closing Bell Overtime' to talk the cruise industry as the sector climbs higher.
Persons: Citi's James Hardiman James Hardiman Organizations: Citi
MarineMax is a smart pick for investors looking for beneficiaries of lower interest rates, according to Citi. Analyst James Hardiman upgraded shares of the boat dealer to buy from neutral and upped his price target by $4, or 10%, to $44. Key to Hardiman's upgrade is the idea that the stock can get a boost when the Federal Reserve cuts interest rates. After holding interest rates steady at 5.25% to 5.50% for more than a year, the long-awaited first cut may come as soon as next week. Shares briefly popped more than 7% in early Monday trading, a reprieve after a tough 2024, when MarineMax shares have tumbled more than 21%.
Persons: James Hardiman, CME's, Hardiman Organizations: Citi, Federal Reserve
There's another reason to be bullish on Royal Caribbean , according to several Wall Street analysts. Morgan Stanley analyst Jamie Rollo called Icon of the Seas a "record-busting spectacle of superlatives," and believes it will be a big driver of profits. That implies a 50% yield premium to the broader Royal Caribbean fleet, Rollo wrote in a note Monday. Morgan Stanley has an equal weight rating on Royal Caribbean. RCL 1Y mountain Royal Caribbean's one-year performance It is also another step by Royal Caribbean to tap into the ongoing trend of multigenerational travel.
Persons: Morgan Stanley, Jamie Rollo, Rollo, James Hardiman, it's, Matthew Boss, Robin Farley, Farley, — CNBC's Michael Bloom Organizations: Royal, cabanas, Royal Caribbean, Citi, JPMorgan, UBS, Royal Beach Club Locations: Hideaway, Royal Caribbean, Bahamas
Trump's older sister, Maryanne Trump Barry, has died. A former federal judge, Trump Barry was 86 years old. AdvertisementAdvertisementMaryanne Trump Barry, Donald Trump's older sister who served as a federal judge in New Jersey for more than three decades, has died at the age of 86, the New York Times and ABC News reported. Trump Barry, who stopped hearing cases after her brother's inauguration, was a key figure in the publication's reporting. I'm talking too freely, but you know," Trump Barry could be heard saying on the recording.
Persons: Maryanne Trump Barry, Trump Barry, , Donald Trump's, Trump, Ronald Reagan, Clinton, Louis, Bobby, Manna, Genovese, Mary Trump, brother's, I'm, Thomas Hardiman, Antonin Scalia, Neil Gorsuch, Brett Kavanaugh, Sen, Ted Cruz, Cruz, Bill Clinton Organizations: Service, New York Times, ABC News, ABC, Third, Times, Politico, Texas Republican, Trump Locations: New Jersey, New York City, Texas
Mattel has a bright future ahead as it rides the residuals of the Barbie movie's success, according to Citi. The stock climbed nearly 22% from the end of June into July, aided by hype around the Barbie movie released in July. MAT YTD mountain Mattel YTD chart Despite this rally, analyst James Hardiman thinks there are more gains ahead stemming from Mattel's balance sheet deleveraging. "The company's focus on increasing profitability has resulted in over $1.25B in cost savings since 2018 with an additional ~$50M expected in 2H23. Of course, this increasing profitability has directly resulted from Mattel's strong industry-leading position – and the unprecedented success of the Barbie movie.
Persons: Barbie, James Hardiman, , Michael Bloom Organizations: Mattel, Citi, MAT Locations: 2H23
Sporting equipment company Bombardier Recreational Products is the best bet in the outdoor powersports space, according to Citi. Analyst James Hardiman upgraded the stock to buy from neutral on Tuesday and raised his price target by $17 to $128. The firm's new target suggests shares stand to gain nearly 28% from Monday's closing price of about $100. Shares of Polaris are trading 6% higher this year, but the stock has similarly faced steep losses this quarter of about 11.5%. Hardiman lowered his price target on the stock to $110, implying 3.2% upside from its latest close.
Persons: James Hardiman, Hardiman, — CNBC's Michael Bloom Organizations: Sporting, Bombardier Recreational Products, Citi, Polaris, BRP Locations: North America
‘Medusa Deluxe’ Review: Curl Up and Die
  + stars: | 2023-08-10 | by ( Jeannette Catsoulis | ) www.nytimes.com   time to read: +1 min
Suffused with the sting of hair spray and the scent of Herbal Essences, “Medusa Deluxe” swaggers onto our screens, all cigarette smoke and mirrors. From its playfully inventive opening to its flash-forward finale, Thomas Hardiman’s wild — and wildly impressive — first feature, set during a British regional hairdressing competition, is a proudly indelicate, painstakingly structured pleasure. Playing out in real time and shot to suggest a single, continuous take, the plot circles the sudden death of the show’s star stylist, who has been found backstage, minus his scalp. As his competitive rivals and their models await questioning by unseen detectives, everyone is under suspicion, not just the creepy security guard with the urgent requests for wet wipes. There’s the mouthy Cleve (Clare Perkins, whose opening monologue is a doozy), a stylist with barely controlled anger issues; the devout Divine (Kayla Meikle), who works part-time for an undertaker and is hence no stranger to dead heads; and the scheming Kendra (Harriet Webb), who may have fixed the contest in cahoots with its silver-pompadoured organizer (Darrell D’Silva).
Persons: Thomas Hardiman’s, Cleve, Clare Perkins, Kayla Meikle, Harriet Webb, Darrell D’Silva Locations: cahoots
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDownward pricing pressure is hitting cruise ship occupancy levels, says Citi's James HardimanJames Hardiman, leisure analyst at Citi Group, joins 'The Exchange' to discuss a rebound in the cruise industry, discounted cruise prices, and the pricing power of the cruise industry.
Persons: Citi's James Hardiman James Hardiman Organizations: Citi Group
Carnival and Norwegian Cruise Line hit 52-week highs Wednesday, while Royal Caribbean did so Tuesday. RCL YTD mountain Royal Caribbean year to date For Farley, Royal Caribbean stands out because it has about 64% of its cruises in the Caribbean, a strong market. Investors now may be waiting to see if there will be more price target increases from analysts after the latest run up. Royal Caribbean has 3% downside to the average analyst price target of $92.77 as of Tuesday's close, per FactSet. Carnival has 21% downside to its average price target of $12.11, and Norwegian has 15% downside to its $16.60 average price target.
Persons: It's, Jason Liberty, Patrick Scholes, Robin Farley, Matthew Boss, Bank of America's Andrew Didora, Josh, Didora, Farley, Truist's Scholes, James Hardiman, Greg Badishkanian, Scholes, Managements, Boss, CNBC's Michael Bloom, Josh Weinstein Organizations: shutdowns, Wall Street, Cruise Line, Royal, CNBC, Royal Caribbean, JPMorgan Chase, Bank of America, CCL, Bank of America's, UBS, Argus Research, Citi, Wolfe Research, JPMorgan, Investors Locations: Royal Caribbean, U.S, Miami, Tuesday's, Caribbean, Norwegian
A federal appeals court ruled on Tuesday that a man who committed a nonviolent crime cannot be legally prevented from owning a firearm — a potential setback to gun regulations spurred by a Supreme Court ruling last year that vastly expanded the right to bear arms. In an 11-to-4 ruling, the U.S. Court of Appeals for the Third Circuit in Philadelphia overturned decisions by lower courts that had prevented Bryan Range, a Pennsylvania resident who had sued the state after being blocked from buying a shotgun for hunting and self-protection over a conviction for lying on a benefits application in the 1990s. In a majority opinion, Judge Thomas M. Hardiman repeatedly cited the Supreme Court ruling last June, written by Justice Clarence Thomas, in which the majority established a new standard that dictated that gun laws conform to “historical traditions” dating to the 18th and 19th centuries. “In sum, we reject the government’s contention that only ‘law-abiding, responsible citizens’ are counted among ‘the people’ protected by the Second Amendment,” wrote Judge Hardiman, a George W. Bush appointee who was on former President Donald J. Trump’s short list to serve on the Supreme Court after the death of Antonin Scalia in 2016.
Persons: Bryan, Judge Thomas M, Hardiman, Clarence Thomas, , , George W, Bush, Donald J, Antonin Scalia Organizations: U.S ., Appeals, Third Circuit Locations: Philadelphia, Pennsylvania
REUTERS/Cheney OrrJune 6 (Reuters) - The U.S. government cannot ban people convicted of non-violent crimes from possessing guns, a federal appeals court ruled on Tuesday. Circuit Court of Appeals is the latest defeat for gun control laws in the wake of a U.S. Supreme Court ruling last year expanding gun rights nationwide. The decision stems from a 2020 lawsuit by a Pennsylvania man, Bryan Range, who was barred under federal law from possessing a gun after pleading guilty to welfare fraud. The Bureau of Alcohol, Tobacco, Firearms and Explosives, which enforces federal gun laws, declined to comment. Federal criminal law generally bars people convicted of crimes punishable by more than a year in prison from possessing guns.
Persons: Cheney Orr, Bryan Range, Peter Patterson, Thomas Hardiman, Cheryl Ann Krause, Brendan Pierson, David Gregorio, Alexia Garamfalvi, Leslie Adler Organizations: Republican, Tennessee, Democratic, Historic, REUTERS, U.S, Circuit, Supreme, U.S . Constitution, Alcohol, Tobacco, Firearms, Explosives, Thomson Locations: Nashville , Tennessee, U.S, Philadelphia, Pennsylvania, U.S ., United States, New York
Yet despite all odds, 61% of those surveyed said they plan to travel this summer, up from the 49% who said the same in summer 2021. Some 56% of adults are more likely to stay in a hotel this summer than they were in 2022, according to the AHLA/Morning Consult survey. Booking Holdings is also an analyst favorite, with an average rating of overweight and 10% upside to the average price target, per FactSet. While prices are still high, the latest consumer price index for April showed the airline fares index fell 2.6% month over month, after rising in February and March. Airlines are essentially sold out for summer travel, according to TD Cowen analyst Helane Becker.
Persons: Matt Kramer, They're, You've, Sylvia Jablonski, Kramer, Freed, Bernstein, David Vernon, Price, Robin Farley, Farley, James Hardiman, Hardiman, Josh Weinstein's, RevPar, Tony Capuano, Chris Nassetta, Biden, Hilton, they've, Airbnb, Brian Chesky, it's, Evercore, Mark Mahaney, amortization, Mahaney, Cowen, Helane Becker, Becker, — CNBC's Michael Bloom, Ashley Capoot Organizations: KPMG, KPMG Consumer, Survey, Cruise ETF, Royal, Holdings, Marriott, United Airlines, Morning, American, & Lodging Association, Cruises, UBS, Citi, CCL, CNBC, Hilton Worldwide, U.S . Travel Association, State Department, Booking Holdings, Booking, Airlines, Delta Air Lines, Copa Holdings, Panamanian, Copa Airlines Locations: United States, Royal Caribbean, United, Caribbean, CocoCay, Thursday's, China, North America, Asia, Europe
What King Charles' coronation means for the UK economy
  + stars: | 2023-05-03 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +8 min
But the UK economy as a whole could suffer as workers take an extra day’s holiday. John Lewis' Coronation Lewis Bear. John Lewis & PartnersDepartment store John Lewis has had to limit in-store purchases of its Coronation Lewis Bear to two per household, and the teddy is out of stock online. For the coronation, UK luxury brands “have procured unique merchandise at all levels of the economy and we’re seeing people buying it, particularly Americans and EU customers,” she added. (The coronation holiday will be the third holiday Monday this month.)
After a long port of call, it may be anchors aweigh time for investors in cruise stocks, according to Citigroup. Royal Caribbean is favored thanks to its solid track record of maintaining costs, and offers the best risk-reward opportunity within the group. So far this year, Royal Caribbean shares are off to a solid start, up more than 41% after tumbling about 36% in 2022. Citi reestablished a price target on RCL shares of $80, implying 19% upside from Wednesday's close. Hardiman retained a neutral but high risk rating on Carnival, lifting his price target to $13 from $9 a share.
Shares of Xponential Fitness could surge roughly 30% as the boutique fitness firm emerges as an industry leader, according to Citi. Analyst James Hardiman initiated coverage of Xponential Fitness with a buy rating, saying the franchisor behind the Club Pilates, YogaSix, Pure Barre classes and more is quickly expanding its business and can be resilient in a downturn. "XPOF has carved out a defensible and profitable position as the industry leader in the boutique fitness space. All this means shares of Xponential Fitness have handily outpaced the market this year. The fitness boutique stock is up 10% this year, while the S & P 500 is down roughly 17%.
Gavin Newsom is threatening to halt plans for a $1.7 million toilet in San Francisco. The city's Rec and Park department said the costs included planning, drawing, permits, and reviews. Gavin Newsom is threatening to halt plans to build a public toilet in San Francisco after it received huge backlash over its $1.7 million cost and 2-year construction time. "A single, small bathroom should not cost $1.7 million," Erin Mellon, the governor's communications director, told the Chronicle in a statement. "The state will hold funding until San Francisco delivers a plan to use this public money more efficiently.
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