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☆ Jim says this Club tech stock is a 'second half story' that should be bought on the dip
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: 1 min

Jim says this Club tech stock is a 'second half story' that should be bought on the dipEstee Lauder caught another downgrade. We have low expectations for the beauty company in its upcoming quarter as China recovery is lagging. Meanwhile in financials, new capital requirements at banks could strain how much they return to shareholders but Jim assess why this bank Club stock is still the one to own.

Persons: Jim, Lauder Locations: China, financials

☆ Two Big Tech names and a luxury retailer made headlines. Here's our take on each
▼ + stars: | 2023-07-27 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Club holdings Meta Platforms (META), Microsoft (MSFT) and Estee Lauder (EL) all made headlines Thursday surrounding solid quarterly earnings, regulatory challenges and analyst downgrades. The Club remains highly bullish on these two Big Tech names, while continuing to muddle through with our embattled China-exposed cosmetics-retail play. Here's the latest developments at Meta, Microsoft and Estee Lauder — along with our take on the news. META YTD mountain Meta Platforms Inc. (META) year-to-date performance. Shares of Estee Lauder closed down 2.6% Thursday, at roughly $173 apiece.

Persons: Estee Lauder, downgrades, Estee Lauder —, Mark Zuckerberg, It's, Jeff Marks, Lauder, Jefferies, it's, Jim Cramer's, Jim Cramer, Jim, Rafael Henrique Organizations: Meta, Microsoft, Big Tech, Inc, Union, EU, Wall, CNBC, Getty Locations: China, Asia

☆ Here are Thursday's biggest analyst calls: Apple, Rivian, Roku, Meta, Coinbase, Carvana, Boeing and more
▼ + stars: | 2023-07-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Bank of America reiterates Roku as buy Bank of America said it's bullish heading into Roku earnings Thursday. Bank of America reiterates Mattel as buy Bank of America said it's standing by shares of Mattel after its earnings report, adding that "Barbie" should help drive toy sales. Bank of America upgrades Boeing to buy from neutral Bank of America said the worst for Boeing is behind it. Bank of America downgrades RTX to neutral from buy Bank of America downgraded the company formerly known as Raytheon and said it's concerned about slowing margins. Bank of America downgrades SunPower to underperform from neutral The firm said in its downgrade of the stock that it sees multiple headwinds.

Persons: Roku, it's, Needham, Rivian, Bernstein, KeyBanc, Morgan Stanley downgrades Carvana, Morgan Stanley, Jefferies, Estée Lauder, billings, Wells, Wells Fargo Organizations: . Bank of America, Bank of America, Apple, RBC, Owens, Mattel, Boeing, of America, downgrades, Pacific, Barclays, Raytheon, Labs Locations: China, Pacific

☆ Here are Monday's biggest analyst calls: Apple, Tesla, Meta, Nvidia, Shopify, Netflix, Disney & more
▼ + stars: | 2023-07-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Goldman Sachs initiates Amylyx Pharmaceuticals as buy Goldman said it sees an attractive entry point for shares of the biotech company. " Goldman Sachs reiterates Nvidia as buy Goldman said it's standing by its buy rating on Nvidia and that it likes stocks with "room for meaningful positive EPS revisions." UBS downgrades Tesla to neutral from buy UBS said in its downgrade of Tesla that strong growth is already priced in. Goldman Sachs initiates Savers Value Village as buy Goldman said the thrift store operator is a share gainer. Goldman Sachs reiterates ServiceNow as buy Goldman said it sees more upside in shares of ServiceNow as the stock remains a key beneficiary.

Persons: Piper downgrades Estee Lauder, Piper, Baird, Goldman Sachs, Goldman, Wells, Evercore, it's, Stifel, Lam, Tesla, Moffett, Rosenblatt, Raymond James, Becton Dickinson, SLB, Horton, BTIG, Needham, ServiceNow Organizations: Express, Netflix, Amylyx Pharmaceuticals, Bank of America, NTR, RBC, Research, Nvidia, MU, UBS, Semiconductor, Deutsche Bank, Apple, Deutsche, Mac, Med Tech, Schlumberger, Disney, DIS, American Express Locations: China, underperform, ServiceNow

☆ Stocks making the biggest moves midday: AMC Entertainment, Mattel, Chevron, Spotify and more
▼ + stars: | 2023-07-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Knight-Swift Transportation — The freight transportation company's shares gained more than 1%. Knight-Swift reported adjusted earnings of 49 cents per share on revenue of $1.55 billion. Intuitive Surgical reported adjusted earnings of $1.42 per share on revenue of $1.76 billion. The fast-food chain reported mixed quarterly results, including adjusted earnings of $3.08 per share, beating analysts' predictions for $3.05 per share. Spotify — The music streaming company's shares dropped 5.5% after Spotify announced price increases for its premium subscription plans.

Persons: Oppenheimer, Riley, Eric Wold, Barbie, Mike Wirth, Chevron, Swift, Domino's, Becton Dickinson, Raymond James, Gilead, Estée Lauder, Piper Sandler, — CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: AMC, Mattel, Warner Bros, Chevron, Swift Transportation, U.S . Food, Drug Administration, Sirius XM, Deutsche Bank, Nasdaq, Spotify, Gilead Sciences Locations: New York, U.S, Gilead, China

☆ Here's what the bears are missing, and why there's still money to be made in this bull market
▼ + stars: | 2023-07-23 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

We know there are so many reasons why this bull market has eluded so many. It's sudden broadening into health care, transports and financials just when we were told the bull was slain by its lack of breadth. I hope readers here know that I felt that only by tuning out the Fed could you make maximum money in the market. You simply had to ignore the verbiage, block out the gasbags who simply failed to see the two-staged bull market right in front of them. Needless to say, if you needed any evidence that we are in a bull market, the rally in that dog may be enough to make the prosecution rest.

Persons: Jerome Powell's, Powell, It's, Joe Biden's, Powell's, that's, Larry Fink, DR Horton, Powell didn't, IPOs, David Solomon's, Goldman Sachs, Barbie, Oppenheimer, Steve Squeri, Squeri, Jeff Marks, Jeff, Johnson, Elliott Management's, Lauder, Jackson, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Federal, Dow, Taiwan Semiconductor Manufacturing Company, AS, Blackrock, DR, Western Alliance, FTC, Federal Trade Commission, Justice Department, Club, Microsoft, Activision, American Express, DuPont, Constellation Brands, Disney, Fed, Jim Cramer's Charitable, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: Washington, IPOs, Cava, Wyoming

Johnson & Johnson Covid-19 vaccines are seen on a table on May 7, 2021 in Los Angeles, California. Johnson & Johnson —The stock jumped 6%, lifting the 30-stock Dow Jones Industrial Average, after the the health care posted second-quarter revenue and adjusted earnings that topped Wall Street's expectations. Johnson & Johnson also lifted its full-year guidance as sales from the company's medtech business jumped. Discover Financial Services — Shares tumbled 14% after the company's second-quarter results missed analysts' estimates on both top and bottom lines. MarketAxess — The electronic trading platform rallied 5.6% after releasing its second-quarter results.

Persons: Johnson, Johnson Covid, Tesla, Abbott, Zions, Estee Lauder, StreetAccount, —, Yun Li, Jesse Pound, Samantha Subin, Michelle Fox Organizations: Netflix, Refinitiv, American Airlines –, American Airlines, IBM, Johnson, Dow Jones, Abbott, Discover Financial, Federal Deposit Insurance, Barclays Locations: Los Angeles , California, China, Freeport

☆ 'Don't be vulnerable, be ready,' Jim Cramer says on potential market pullback
▼ + stars: | 2023-07-20 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. I want them to be ready" for a downturn in stocks, Jim said. Stick with Estee Lauder Barclays on Thursday downgraded Estee Lauder (EL) to neutral weight, or hold, from overweight, citing concerns over a recent cyberattack that disrupted some operations at the cosmetics company. The next two quarters may remain challenging for Estee Lauder, Jim acknowledged, but "I'm not writing off China by any means." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Estee Lauder, Dow, Johnson, Jim, Fabrizio Freda, Elliott Management, he's, Jim Cramer's Organizations: CNBC, Dow, Estee Lauder Watch Constellation Brands, Dow Jones, Johnson, Nasdaq, Estee Lauder Barclays, Constellation Brands Locations: overbought, China, Corona, Modelo

☆ Here are Thursday's biggest analyst calls: Tesla, Netflix, Chevron, Alphabet, Apple, Nvidia, IBM and more
▼ + stars: | 2023-07-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Morgan Stanley reiterates Tesla as equal weight Morgan Stanley said it's standing by its equal-weight rating on Tesla after its earnings report Wednesday. Morgan Stanley upgrades Anheuser-Busch InBev to overweight from equal weight Morgan Stanley said the beer giant's valuation is attractive right now. Morgan Stanley reiterates Microsoft as overweight Morgan Stanley said the company is a top pick heading into earnings next week. Bank of America reiterates Alphabet as buy Bank of America said it's bullish on the stock heading into earnings next week. Bank of America reiterates IBM as buy Bank of America said it's standing by its buy rating on the artificial intelligence beneficiary after its earnings report Wednesday. "

Persons: it's, Morgan Stanley, Tesla, Bud, Wolfe, NVDA, Estée Lauder, Skyworks, McDonald's, Wells, Wells Fargo, it's bullish, Goldman Sachs, ServiceNow Organizations: Credit Suisse, Apple, Suisse, Vision, Tesla, Anheuser, Busch InBev, RBC, Nvidia, Barclays, UBS, Chevron, Bank of America, Netflix, Deutsche Bank downgrades Avis Budget, Deutsche Bank, Avis Budget, Walmart, " Bank of America, IBM, Citi Locations: underperform, China

☆ Estee Lauder hit by hack, some business operations affected
▼ + stars: | 2023-07-18 | by ( ) edition.cnn.com time to read: +1 min

Cosmetics maker Estee Lauder on Tuesday said a hacker had obtained some data from its systems, with the cyber incident causing, and expected to further cause, disruption to parts of the company’s business operations. The firm said it was working to understand the nature and scope of the data that was stolen. The MAC Cosmetics owner said it was working to restore the affected systems and had implemented measures to secure its operations. Estee Lauder did not immediately respond to a Reuters request for further comment. The cosmetics maker in May forecast weaker sales and profit for the year than previously estimated, blaming slow recovery at duty-free and travel destinations, especially in Asia

Persons: Estee Lauder Organizations: MAC Locations: New York, Asia

☆ Here's a rapid-fire update on all 35 stocks in our portfolio — including 2 rating changes
▼ + stars: | 2023-07-12 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 35 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Coterra Energy (CTRA): At roughly 10 times forward earnings, Jim said he'd classify Coterra shares as dirt cheap. Estee Lauder (EL): We're downgrading Estee Lauder to a 2 rating Wednesday, meaning we're no longer recommending investors buy the stock at current levels. But we're sticking with Estee Lauder because eventually we expect China's economy to turn around, and with it EL's stock price. The semiconductor firm, which has seen its stock price nearly triple this year, is reportedly considering taking a long-term stake in chip designer Arm Holdings.

Persons: Jim Cramer's, Jim, he's, We're, Walt Disney, Bob Iger, we're, Estee Lauder, Emerson, Locker, Mary Dillon's, Locker's financials, Eli Lilly, Vimal Kapur, Johnson, Morgan Stanley, Morgan Stanley's, he'd, Palo, Laxman Narasimhan, Bud, Stanley Black, Decker, TJX's, Wells Fargo, We've, Wynn, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Investors, Bausch Health, KKR, Costco Wholesale, Costco, Coterra Energy, ESPN, The, Disney, Emerson, National Instruments, Rockwell Automation, Ford, United Auto Workers, GE Healthcare, Halliburton, HAL, Honeywell International, Honeywell, Johnson, Linde, LIN, Novo Nordisk, Meta, Microsoft, Activision Blizzard, Nvidia, Arm Holdings, Palo Alto Networks, Palo Alto, Natural Resources, Procter & Gamble, Constellation Brands, TJX, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: India, Israel, California, U.S, Corona, Wells, Las Vegas , Boston, Macao

☆ Here are Monday's biggest analyst calls: Apple, Netflix, Amazon, Cava, Disney, Rivian, Tesla & more
▼ + stars: | 2023-07-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley upgrades Shockwave Medical to overweight from equal weight Morgan Stanley said shares of the cardiovascular medical device company are well positioned. Jefferies reiterates Tesla as hold Jefferies raised its price target on Tesla to $265 per shar from $185 but said it's standing by its hold rating. UBS reiterates Disney as buy UBS said it's cautious heading into Disney earnings in early August, but it's sticking with its buy rating. Morgan Stanley reiterates Netflix as equal weight Morgan Stanley raised its price target on the stock to $450 per share from $350 and said the risk/reward for Netflix is balanced. Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it's standing by its buy rating on the electric vehicle company. "

Persons: Estee Lauder, Wells, Fox, Morgan Stanley, Goldman Sachs, Goldman, Charles Schwab, JMP, Schwab, KBW, it's, Jefferies, Tesla, JPMorgan, Rivian, Stifel, Oppenheimer Organizations: Citi, Estee Lauder Citi, Fox News, Nvidia, company's Data, Bank of America, UBS, Disney, Netflix, Cava, JPMorgan, Apple, Weyerhaeuser, of America, Brands, Bell, KFC Locations: BlackRock, Amazon's, GMV, CAVA

☆ Shoppers get set for Amazon Prime Day and competitor sales events as ‘little treat’ lifestyle takes hold
▼ + stars: | 2023-07-07 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNTwatch nowPrime Day, competitor sales start soonAmazon's highly anticipated Prime Day starts at 3 a.m. Still, nearly 80% of adults said they intend to shop on Amazon Prime Day, a survey by The Vacationer found. What to buy on Prime DayThe best deals will be on Amazon's own devices, such as 75% off the Amazon Fire TV 43-inch Omni Series. How to take advantage of Prime Day dealsTo take advantage of Prime Day deals, you must be an Amazon Prime member. (CNBC's Select has more on how to avoid the membership fee in time to score Prime Day deals.)

Persons: Amazon's, Matt Kramer, Lauder, Leonard Lauder, Vipin Porwal, it's, Julie Ramhold, Michael M, Ramhold Organizations: Walmart, Target, CNBC, Amazon, Apple, Samsung, Google, Sony, DealNews.com, Santiago, Getty Locations: Nordstrom, Sur, New York

☆ AI hype embellishes Il Makiage IPO
▼ + stars: | 2023-07-06 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +3 min

NEW YORK, July 6 (Reuters Breakingviews) - Oddity Tech has a sparkly foundation for its upcoming initial public offering. The Israeli beauty company home to the Il Makiage and SpoiledChild brands is highlighting the artificial intelligence behind its makeup and machine learning algorithms that help consumers pick the right shades. These features should help put a dewy gloss on the valuation before the hype eventually fades. His company sells concealers and eye shadows directly to shoppers online and touts that its technology teams account for 40% of headcount. AI also powers Revela, a biotechnology firm it bought in April that develops new molecules for cosmetics and skincare.

Persons: Boss Oran Holtzman, Revela, It’s, Estee Lauder, Child, Goldman Sachs, Morgan Stanley, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, Nasdaq, Coty, Tech, Allen, Co, Thomson Locations: Israeli, Cava

The S & P 500 rose 8.3% in the second quarter to extended its 2023 advance to 15.9%. Here's a closer look at the Club's best and worst performers in the first half of 2023, starting with the four winningest stocks. West Texas Intermediate crude ended the second quarter under $71 per barrel, about $10 below where it started the year. Humana (HUM) dropped 12.7% in the first half of 2023, rounding out the bottom-four Club stocks between January and June. The common denominator among the worst-performing Club stocks is a bit less obvious than with the winners.

Persons: It's, Dow, Here's, Mark Zuckerberg, Palo, Lisa Su, —, Eli Lilly, Locker, Foot Locker's, Estee Lauder, Estee, Halliburton haven't, encouragingly, Halliburton, Jim Cramer's, Jim Cramer, Jim, Jen, Hsun Huang, Huang, Andrej Sokolow Organizations: Nasdaq, Dow Jones, Nvidia, FactSet, Meta, Investors, Facebook, Networks, Palo Alto Networks, Alto, AMD, Devices, Palo, would've, The, HAL, Halliburton, West Texas, Coterra, Humana, Disney, DIS, CNBC, Consumer, Audi, Getty Locations: China, Meta, Palo, Palo Alto, Las Vegas, USA

☆ Top 10 things to watch Monday in the stock market's holiday-shortened week
▼ + stars: | 2023-07-03 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

The U.S. stock market closes early at 1 p.m. As we set the table for the second of this year's hated bull market, Jim Cramer looked back at the incredible first six months of 2023. The Dow rose 3.4% in the second quarter and 3.8% for the year. The S & P 500 gained 8.3% in the second quarter and nearly 16% in 2023. But it was the Nasdaq that outshined them all — soaring nearly 13% in the second quarter and almost 32% year to date.

Persons: Jim Cramer, Estee Lauder, Scott Kirby, Wells Fargo, Indiana Jones, Harrison, Jim Cramer's, Jim Organizations: Nasdaq, Independence, Tesla, ADP, Fed, Dow, Apple, Financial, Nvidia, Club, Ford, United Airlines, Constellation Brands, JPMorgan, BMO Capital, Corona, Modelo, Disney, Variety, Harrison Ford, Jim Cramer's Charitable, CNBC Locations: U.S, New Jersey, Wells

Club stock Apple finished the second quarter with a 17.6% gain and the first half of the year with a 49% advance. Meta jumped 35% in the second quarter and 138% year to date. Estee Lauder lost 20% in the second quarter and nearly 21% year to date. The Dow Jones Industrial Average rose 3.4% in the second quarter and 3.8% for the year. But, it was the Nasdaq that outshined them all — soaring nearly 13% in the second quarter and almost 32% in the first six months of the year.

Persons: Meta, Estee Lauder, Locker, Wells, Morgan Stanley, —, Wells Fargo, Levi Strauss, LEVI, That's, Friday's, Gold, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Josh Edelson Organizations: Federal Reserve, Nasdaq, Investors, Apple, Nvidia, Dow Jones, Federal, PMI, Independence, Modelo, Constellation Brands, U.S, Treasury, Jim Cramer's Charitable, CNBC, Apple's Worldwide, AFP, Getty Locations: U.S, Wells Fargo, Corona, Cupertino , California

☆ Poet and activist Amanda Gorman discusses using brand partnerships to raise issues that matter
▼ + stars: | 2023-06-30 | by ( Tania Bryer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPoet and activist Amanda Gorman discusses using brand partnerships to raise issues that matterCNBC's Tania Bryer sits down with poet, activist and Estée Lauder Global Changemaker Amanda Gorman at the 2023 Cannes Lions International Festival of Creativity.

Persons: Amanda Gorman, Tania Bryer, Estée Lauder Organizations: Cannes Lions International, Creativity

☆ Kering snaps up fragrance label Creed for new beauty division
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +1 min

PARIS, June 26 (Reuters) - Gucci-owner Kering (PRTP.PA) said on Monday it had struck a deal to buy high-end French fragrance label Creed, its first acquisition since flagging intentions earlier this year to create an in-house cosmetics business. "The acquisition clearly marks a major step for Kering Beaute, allowing it to reach critical mass in this category," said Raffaella Cornaggia, CEO of Kering's beauty division. The former Estee Lauder executive was appointed in February to lead the French group's push into the segment. The all-cash deal to acquire 100% of the high-end fragrance house from funds controlled by BlackRock and by the company's current chairman Javier Ferran is expected to close in the second half this year. Reporting by Mimosa Spencer; Editing by Benoit Van Overstraeten and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Kering, Raffaella Cornaggia, Lauder, Javier Ferran, Mimosa Spencer, Benoit Van Overstraeten, Mark Potter Organizations: BlackRock, Thomson Locations: French

☆ Now that the market is no longer overbought, we can be opportunistic and do some buying in the future
▼ + stars: | 2023-06-23 | by ( ) www.cnbc.com time to read: 1 min

Now that the market is no longer overbought, we can be opportunistic and do some buying in the futureOur newer position, Stanley Black & Decker (SWK) rebounded today. SWK shares are up 16% year-to-date as people look to spend more on home improvement projects. However, we're still seeing pressure on Estee Lauder (EL) and Starbucks (SBUX) this week as their exposure to China continues to drag on their stocks.

Persons: Stanley Black, Decker, we're, Estee Lauder Organizations: Starbucks Locations: China

☆ The Bridal Industry Is Having a Swimsuit Moment
▼ + stars: | 2023-06-22 | by ( Alix Strauss | ) www.nytimes.com time to read: +1 min

Marigo Mihalos Sfaelos brought many outfits to her four-day, event-filled wedding in Karpathos, Greece, last year. There was the silk citrine Greek goddess-style dress, a floral appliqué Estee Couture bridal gown, and a disco ball-inspired floor-length dress for the after party. “I wanted it to be a bridal look that stood out, and the bride should stand out,” said Mrs. Mihalos Sfaelos, 35, a senior director of talent relations at SiriusXM radio in New York. “You can’t just wear a white bathing suit.”Other brides seem to feel the same way, especially with destination weddings, and designers and stylists are paying close attention. Today’s bridal swimwear are not just fashion-forward white bathing suits — they are beaded and bedazzled, fancy and frilly, lacy and Lycra-fitted, and custom made.

Persons: Marigo Mihalos Sfaelos, Karen Sabag’s Rêver, ”, Mihalos Sfaelos, Spiro Sfaelos, lacy Locations: Karpathos, Greece, New York

☆ These 3 stocks are troubled but I'm not ready to give up
▼ + stars: | 2023-06-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Johnson & Johnson (JNJ) is also a head-scratcher. EL YTD mountain Estee Lauder YTD performance Estee Lauder just shocks me. Estee Lauder, at the end of this week, acted like there was something going on, but I can't fathom what it might be. That said, there's a suit going on in Northern California with a dying 24-year-old man claiming that excess use of J & J baby powder is to blame, which could make $8.9 billion look small. Bottom line Johnson & Johnson, Estee Lauder and Danaher are why this business of stock picking and running a portfolio can be so daunting.

Persons: Estee Lauder, Johnson, Danaher's, Lauder, Houdini, Fabrizio Freda, Alex Gorsky, there's, Danaher, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: CNBC, New York Stock Exchange, Getty Locations: Swiss, Roche, China, Cava, CAVA, Northern California, New York City

☆ Here's why Jim Cramer doubles down on his own, don't trade mantra for Club holding Apple
▼ + stars: | 2023-06-15 | by ( ) www.cnbc.com time to read: 1 min

Here's why Jim Cramer is doubling down on one of his own-it, don't-trade-it stocksJim also calls out Estee Lauder's (EL) recent run. But it's still down for the year as it works through slower-than-expected recovery in its Asia travel retail business. Jim thinks CEO Fabrizio Freda is finding his way around this. Elsewhere in consumer discretionary, Jim says continue to buy TJX Companies (TJX) and Costco (COST).

Persons: Jim Cramer, Jim, Estee, it's, Fabrizio Freda Organizations: TJX, Costco Locations: Asia

☆ Stock Market Today: Dow Rallies 400 Points After Fed Pauses Rate Hikes
▼ + stars: | 2023-06-15 | by ( ) www.wsj.com time to read: +2 min

U.S. stocks finished higher Thursday, lifted by gains across everything from shares of manufacturers to oil producers. The three main U.S. indexes were in the green, each rising more than 1% apiece, with the blue-chip Dow industrials up more than 400 points. The benchmark 10-year yield settled at 3.727%, from 3.796% late Wednesday, while the two-year yield was at 4.648%, from 4.707%. The market for IPOs has been slow lately, but shares of Mediterranean-style restaurant company Cava Group jumped on their first day of trading Thursday. Japan's currency fell against the dollar, trading at its weakest level since November, as traders cited concerns over Japan's ultra-loose monetary policy.

Persons: Dow, Estee Lauder, Kroger Organizations: Investors, Federal Reserve, Treasury, Analysts, Target, European Central Bank Locations: U.S, IPOs, Beijing, Europe

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, SoFi, ServiceNow, Meta, Netflix, Splunk and more
▼ + stars: | 2023-06-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +12 min

Piper Sandler initiates Domino's as overweight Piper said it sees an attractive risk/reward for Domino's shares. Piper Sandler reiterates Meta as outperform Piper Sandler raised its price target on the stock to $310 per share from $270 and said ad spend is "holding up." Citi downgrades Logitech to neutral from buy Citi downgraded the stock due to the unexpected departure of CEO Bracken Darrell. Citi reiterates Accenture as buy Citi said the Dublin-based IT company is an AI beneficiary. Piper Sandler initiates Bentley Systems as overweight Piper said the company is a "high quality industrial software franchise operating with scale."

Persons: Piper Sandler, Piper, Wolfe, it's bullish, Bernstein, Gordon Haskett downgrades, Gordon Haskett, Needham, ServiceNow, Bracken Darrell, Guy Gecht, Raymond James, Dave, Buster's, Riley downgrades Cinemark, Riley, Li, Morgan Stanley, Tesla, Splunk, TD Cowen, Wingstop, Cowen, it's, Estée Lauder, Berenberg, Roth, Morgan, Bud Light Organizations: Barclays, Netflix, FedEx, Apple, TAM, Citi, Logitech, Materials, SVB Securities, PayPal, Linde, LIN, Bank of America, Oculis, Dave, Cinemark Holdings, Inc, Accenture, IT Services, Li Auto Citi, China, Li, SSS, Bentley Systems, Photonics, Technologies, AMD Data Center, JPMorgan, DG, Anheuser, Busch InBev, Molson Coors, & $ Locations: 3Q22, 4Q22, 2H23, Latin America, Dublin, Bergamo

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