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☆ Wall Street is bullish on one portfolio retail stock while raising concerns about another
▼ + stars: | 2024-11-08 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

The news on Home Depot Telsey Advisory Group, a leader in retail industry analysis, upgraded Home Depot stock to a buy-equivalent outperform on Friday. The news on Best Buy Citi lowered its Best Buy price target to $109 per share from $115 on Friday while maintaining its buy-rating on the stock. BBY YTD mountain Best Buy stock performance year-to-date. Bottom line Despite Citi's concerns, we're sticking with Best Buy. Best Buy should be well-positioned to benefit from falling interest rates if home sales pick up again.

Persons: —, Telsey, Jim Cramer, Jim, they're, Donald Trump's, Jim Cramer's, Ting Shen Organizations: Advisory, Depot, Federal, Home Depot, Home, Citi, Trump, CNBC, Home Depot Inc, Bloomberg, Getty Locations: China, Washington , DC

☆ Big retailers are fighting for consumers on food inflation, says Telsey's Joe Feldman
▼ + stars: | 2024-09-16 | by ( ) 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 EmailBig retailers are fighting for consumers on food inflation, says Telsey's Joe FeldmanJoe Feldman, Telsey Advisory Group senior managing director, joins 'Power Lunch' to discuss food inflation, how larger retailers are pushing back, and more.

Persons: Telsey's Joe Feldman Joe Feldman Organizations: Telsey, Group

☆ Walmart looks well positioned for consumer environment, says Telsey's Joe Feldman
▼ + stars: | 2024-05-14 | by ( ) 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 EmailWalmart looks well positioned for consumer environment, says Telsey's Joe FeldmanJoe Feldman, Telsey Advisory Group senior managing director, on the anatomy of the consumer in the retail sector.

Persons: Telsey's Joe Feldman Joe Feldman Organizations: Walmart, Telsey, Group

☆ Costco is still a winner, even in a higher unemployment environment, says Telsey's Joe Feldman
▼ + stars: | 2024-02-16 | by ( ) 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 EmailCostco is still a winner, even in a higher unemployment environment, says Telsey's Joe FeldmanJoe Feldman, Telsey Advisory Group, joins 'Fast Money' to talk what is ahead for retail earnings.

Persons: Telsey's Joe Feldman Joe Feldman Organizations: Costco, Telsey Advisory

☆ What we're watching when off-price retailer TJX reports this week
▼ + stars: | 2023-11-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

When TJX Companies (TJX) reports quarterly results this week, we expect the off-price retailer to demonstrate continued momentum on both its top and bottom lines, helped by consumers looking for solid deals in an uncertain economic environment. And we're confident management can deliver a further expansion of gross margins as wary American consumers look for value at TJX's popular off-price chains. "Traffic remains the primary driver for comp in off-price," Barclays said in a recent research note previewing earnings for TJX and peers Ross Stores (ROSS) and Burlington Stores (BURL). Higher profits In addition to delivering higher sales, TJX continues to show improved profitability — a trend we expect to accelerate when the company reports on Wednesday. At the same time, according to Telsey, TJX faces headwinds from incremental store wage and payroll costs.

Persons: TJX, Ross, ROSS, Dana Telsey, Telsey, TJX's, Jim Cramer's, Jim Cramer, Jim, TJ Maxx, Prince George's, Chip Somodevilla Organizations: TJX, Marshalls, LSEG, Barclays, Burlington Stores, Telsey Advisory, CNBC, Shoppers, TJ, Getty Locations: Maxx, TJX, Telsey, Prince, Hyattsville , Maryland

☆ Lowe's tops quarterly estimates on small home-improvement project boost
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

[1/2] Shoppers load a box of merchandise into a truck after visiting a Lowe's hardware store in Philadelphia, Pennsylvania, U.S. November 4, 2020. REUTERS/Mark Makela/File Photo Acquire Licensing RightsAug 22 (Reuters) - Lowe's (LOW.N) beat Wall Street estimates for quarterly profit and posted a smaller-than-expected drop in comparable sales on Tuesday, as sustained consumer spending on smaller projects countered a broader lull in the home-improvement sector. A delayed spring season also pushed demand for goods such as garden equipment and outdoor supplies into the second quarter from earlier in the year, helping Lowe's and larger rival Home Depot (HD.N) top quarterly results estimates. In contrast, Home Depot said Pro-customer sales performance was slightly negative in the quarter. Same-store sales at Lowe's fell 1.6% in the second quarter ended Aug. 4, less than analysts' estimate of a 2.36% drop, according to Refinitiv data.

Persons: Mark Makela, Marvin Ellison, Lowe's, Joe Feldman, Telsey's Feldman, Deborah Sophia, Shinjini Organizations: REUTERS, Home, Pro, Telsey Advisory, Depot, Thomson Locations: Philadelphia , Pennsylvania, U.S, North Carolina, Lowe's, Bengaluru

☆ A 'major revolution' is underway in the food industry. How to invest in the rise of alternative meat
▼ + stars: | 2023-07-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +12 min

"The food industry is undergoing a major revolution," Telsey Advisory Group analyst Sarang Vora wrote in a June 26 note. The rise, fall and future of plant-based meat Plant-based meat has been around for decades. The firm is forecasting a $450 billion market opportunity for cultivated meat by 2040, perhaps reaching 20% of the global meat market. Investing in cultivated meat For investors interested in getting in on the cultivated meat "revolution," it is still early stages, said Telsey's Vora. Archer-Daniels-Midland also recently announced it is collaborating with Believer Meats on new ways to develop and commercialize cultivated meat products.

Persons: Sarang Vora, Tyson, that's, we've, Alec Lucas, Laine Clark, it's, Clark, We'll, Hiral Patel, Brazil —, Institute's Clark, We're, It's, Telsey's, Kellogg, Steve Cahillane, Steakholder, Ben Haynor, — CNBC's Michael Bloom Organizations: Advisory, Department of Agriculture, Foods, McKinsey & Company, Tyson Foods, Kellogg, Global, Food Innovation, Whole Foods, Food Institute, CNET, Barclays, McKinsey, Daniels, Midland, Reuters, Steakholder, Global Partners Locations: Jordan, United States, U.S, Norway, China, India, Brazil

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