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JMP Securities upgraded Warby Parker to market outperform, calling for more than 40% upside. The financial firm upgraded shares of the streaming technology provider to buy from neutral. Analyst Michael Morris also established a 12-month price target of $75, which is approximately 21% higher than where shares closed on Thursday. Peloton stock is down 25% on the year. His price target of $20 implies upside of 44% from Thursday's close.

Persons: Warby Parker, Michael Morris, Morris, — Lisa Kailai Han, Wells, Wells Fargo, Edward Kelly, Kelly, BJ's, BJ, Lisa Kailai Han, Piper Sandler, Anna Andreeva, Andreeva, it's, Piper, Doug Anmuth, Anmuth, Nicholas Jones, Jones, Fred Imbert Organizations: CNBC, JMP Securities, JPMorgan, Guggenheim, BJ's, BJ's Wholesale, LT, Costco, CF Subs, Revenue, Warby, Warby Parker Inc Locations: ROKU, Chewy, Thursday's

☆ Gen Z women are leaning into office-inspired clothing — but they're not wearing it to the office
▼ + stars: | 2024-08-23 | by ( Amanda Yen | ) www.businessinsider.com time to read: +8 min

Quang attributes the unexpected virality to a digital trend that first appeared at the end of 2023: the office siren. AdvertisementGoogle Trends shows searches for the term "office siren" increased tenfold between the first week of May and the first week of August. The office siren is a polarizing character — a sexed-up appropriation of office wear, restyled and applied to contexts outside the office. "Obviously, I'm not wearing this to the office," Quang said. "The office siren is just a character I'm playing."

Persons: —, Julia Quang, Aritzia, Zers, Quang, Josephine Hansom, Hansom, Gen, Kirsten Classi, Zummo, she's, Corey Robinson, Abercrombie &, it's, Robinson, Heather McLean, McLean, Nancy Deihl, Gen Z, I'm Organizations: Service, Business, Brands, Abercrombie, Abercrombie & Fitch, New York University Locations: Quang, Canadian, America

☆ New Shopify data shows how just important influencers and social media are to merchants
▼ + stars: | 2024-08-23 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +2 min

Read previewBrands are increasingly relying on influencers and social media to boost sales. The next highest category was paid social media, at 26%, trailed by email and search-engine marketing. TikTok has placed big bets on social shopping, with its viral Shop feature growing steadily in the US. As for the most impactful marketing trends over the next year, 41% of US merchants said influencer or creator marketing would be the most important. Following that, 35% said customer data to create targeted and personalized marketing messages.

Persons: —, Shopify, TikTok Organizations: Service, Business, Social, YouTube Locations: Japan

☆ I lived in Silicon Valley, New York, and London as a founder. If you're looking for a place to build a business, there's one clear winner.
▼ + stars: | 2024-08-23 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

I've lived in the Bay Area, New York, and the UK while building and scaling Zyper. But if you want to be laser-focused without distractions, you can't beat the Bay Area. Particularly in the Valley, there's a propensity for very quickly backing "zero-to-one ideas" and creating something entirely new. Silicon Valley is special, and I plan to stayI moved Zyper to San Francisco right before the pandemic hit. AdvertisementThere are other emerging markets, like Korea, Brazil, and China, but I think there's something very special about the ecosystem and history of Silicon Valley.

Persons: —, Amber Atherton, I've, Zyper, Y Combinator, Y, it's, Michael Seibel, Everyone's, London's, There's, overregulate Organizations: Service, Business, Patron, Nvidia Locations: San Francisco, London, New York, Palo Alto, Bay, California, Zyper, Mountain View, Hong Kong, England, American, Delaware, . New York, York, Europe, Silicon Valley, Miami, Austin, Silicon, Korea, Brazil, China

☆ Being flexible can actually help you live longer, scientists say. Here's why.
▼ + stars: | 2024-08-23 | by ( ) www.businessinsider.com time to read: +3 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. They assessed participants' flexibility, based on a range of motion through the ankles, hips, knees, shoulders, torso, wrists, and elbows. AdvertisementWomen were 35% more flexible, on average, than men, according to this study (and tend to live longer, too, per CDC data). A caveat is that this study was observational, meaning more research is needed to see if improving flexibility can help people live longer. The best exercises to improve flexibilityMore research could also help determine which exercises are best for improving flexibility, and longevity.

Persons: —, Araújo, There's, Claudio Gil S Organizations: Service, Scandinavian, of Medicine & Science, Business, Stanford, Exercise Locations: Rio de Janeiro

☆ 3 ways to use ChatGPT to up your sales game, according to a consulting CEO
▼ + stars: | 2024-08-20 | by ( Jaures Yip | ) www.businessinsider.com time to read: +6 min

Read previewIt looks like some salespeople are already sold on using ChatGPT at work. That includes Jake Dunlap, the CEO of Skaled Consulting, a management and sales consulting firm with clients including LinkedIn, Microsoft, and Adobe. Here are Dunlap's favorite ways to use ChatGPT to boost his sales game and be more productive, which can help everyone from sales managers to account executives. Dunlap said he used to do these preparations in the middle of the night but now just goes right to ChatGPT. AdvertisementPersonalized trainingFor sales managers who lack the bandwidth to build personalized training plans for team members, Dunlap said that ChatGPT could be used to develop customized curricula.

Persons: —, Jake Dunlap, Dunlap, ChatGPT, there's, — let's, GPTs Organizations: Service, Skaled Consulting, LinkedIn, Microsoft, Adobe, Business, Google

☆ Travel isn’t dead. It’s just taking a vacation
▼ + stars: | 2024-08-19 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

New York CNN —CEOs of many of the biggest US hotel and travel companies are coming off a bit like doomsayers these days with their warnings about the declining health of consumers and their waning appetite for travel. Gary Hershorn/Getty ImagesMuch of the revenue growth that travel companies reported in recent years resulted from inflation, said David Tinsley, a senior economist at Bank of America Institute. “It was always going to be tough to expect travel spending to be showing the kind of momentum it showed 12 months ago,” he told CNN. “I don’t think the current situation is particularly bleak — it’s reasonable to see more normalization playing out,” he said, referring to travel spending getting back on par with pre-pandemic trends. Still, it’s not hard to see why this mixed picture is prompting travel companies to tread carefully.

Persons: —, ”, Brian Chesky, “ It’s, Ellie Mertz, Chris Nassetta, Airbnb’s Mertz, haven’t, Jan Freitag, ” Freitag, Walt Disney, Gary Hershorn, David Tinsley, Tinsley, “, Steve Hafner, it’s Organizations: New, New York CNN, Conference, Bank of America Institute, CNN Locations: New York, ”

☆ Palo Alto Networks finally gets back on track — delivering strong earnings and a promising outlook
▼ + stars: | 2024-08-19 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

After two rough quarters, Palo Alto Networks on Monday evening delivered the type of earnings report we expect from one of the best cybersecurity companies in the world. PANW YTD mountain Palo Alto Networks YTD The issue with billings in recent quarters has been that the high cost of money has resulted in increased negotiations on terms and financing options. Palo Alto Networks Why we own it: We believe cybersecurity is a secular growth market as bad actors are relentless and companies simply cannot afford to not invest in defense. Palo Alto Networks headquarters in Santa Clara, California, US, on Monday, Aug. 14, 2023. Palo Alto Networks Inc. is scheduled to release earnings figures on August 18.

Persons: management's, billings, Dipak Golechha, Nikesh Arora, Arora, Palo, we're, platformization, I've, Jim Cramer, Jim Cramer's, Jim, David Paul Morris Organizations: Palo Alto Networks, Revenue, LSEG, Total billings, U.S, Networks, billings, Palo Alto, Alto Networks, Cisco Systems, Palo, CNBC, Bloomberg, Getty Locations: Palo, billings, XDR, Palo Alto, Santa Clara , California

☆ How much is too much to spend on jeans?
▼ + stars: | 2024-08-18 | by ( Fiona Sinclair Scott | ) edition.cnn.com time to read: +8 min

Of course, there were the aghast social media comments, those are to be expected, but the moment also inspired a reasonable question: How much is too much to spend on jeans? These jeans are something of an outlier, having been designed — undoubtedly — with celebrities and the 1% in mind. Cheaper options are plentiful across the market — from classic $100 Levi’s to newer denim brands, such as MUD Jeans or ELV Denim, emphasizing their sustainable or circular credentials (jeans in this category tend to be priced around $200 to $500.) A brief buyer’s guideNew York-based stylist and newsletter author Becky Malinsky wearing Auralee jeans. “I feel, personally, there are many sustainable brands out there that are producing a really good pair of jeans for around $150 to $200.

Persons: Blake Lively, Valentino, Porter, Ssense, Jean Paul Gaultier, Ralph Lauren, Becky Malinsky, ”, “, don’t, Malinsky, jean I, it’s, Sid Marshall, jean, Eric Charbonneau, Sandra Capponi, Ani Wells, Wells, …, you’re, can’t, Kurt Cobain’s Organizations: CNN, Gabbana, Citizens, Humanity, Transformers Foundation Locations: New York

Several analysts raised their ratings and price targets on Starbucks a day after news that Chipotle CEO would take over at the coffee chain. Starbucks shares rallied on the news, while Chipotle shares fell. He also lowered his price target on shares to $685 from $750, which implies just 6% upside from Monday's close. Chipotle shares pulled back of 7% comes as decelerating trends and a sector rotation already impacted Chipotle's multiple. Since Niccol took the position of CEO in 2018, Chipotle shares surged more than 770%.

Persons: Bernstein, Fatima Boolani, Boolani, — Hakyung Kim, Eli Lilly Eli Lilly's, Berenberg, Lilly, Kerry Holford, " Holford, Morgan Stanley, Keith Weiss, Weiss, Hakyung Kim, Brian Niccol's, Danilo Gargiulo, Gargiulo, Niccol, Chipotle, Laxman Narasimhan, Brian Niccol, Baird, David Tarantino, Fred Imbert Organizations: CNBC, Citi, Palo Alto, Palo Alto Networks, pharma, Intuit, Starbucks, Deutsche Bank, SBUX Locations: Tuesday's

☆ The market's getting more anxious around a policy mistake by the Fed: Dynamic Funds' Noah Blackstein
▼ + stars: | 2024-08-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market's getting more anxious around a policy mistake by the Fed: Dynamic Funds' Noah BlacksteinNoah Blackstein, Dynamic Funds senior portfolio manager, joins 'Squawk Box' to discuss the latest market trends, state of the economy, the Fed's interest rate outlook, and more.

Persons: Noah Blackstein Noah Blackstein Organizations: Fed, Dynamic

☆ 6 ways Starbucks' incoming chief Brian Niccol transformed Chipotle
▼ + stars: | 2024-08-14 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Niccol has a "great track record" and is an "outstanding" hire for Starbucks, Edward Jones restaurant analyst Brian Yarbrough told Business Insider. Alongside Curt Garner, the chain's chief information officer who joined in 2015, Niccol helped spearhead Chipotle's digital turnaround. In Niccol's first full year at Chipotle, in 2019, digital sales were up 90%. AdvertisementMost locations already had two make lines when Niccol joined Chipotle, but the strategy was unclear, BI previously reported. "Whether you're a light, medium, or heavy user, when you're in the rewards program, you come more frequently and you spend more," Niccol told investors in February.

Persons: —, Taco Bell, Brian Niccol, Laxman Narasimhan, Niccol, Edward Jones, Brian Yarbrough, William Blair, Sharon Zackfia, Howard Schultz, He's, perf, Chipotle, Chipotle's, Gregory Rec, Jack Hartung, Curt Garner, they'd, Jefferies, Andy Barish Organizations: Service, Taco, Starbucks, Business, Portland Press, Getty, Niccol's, BI Locations: Chipotle, Ohio, China

☆ Retail & state of the consumer: Emerging trends in the sector
▼ + stars: | 2024-08-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetail & state of the consumer: Emerging trends in the sectorSimeon Siegel, BMO Capital Markets managing director and senior analyst, joins 'Squawk Box' to discuss the state of retail, emerging trends in the sector, state of the consumer, and more.

Persons: Simeon Siegel Organizations: Retail, BMO Capital Markets

☆ These 4 Japanese stocks are trading at a 'deep discount': Bernstein
▼ + stars: | 2024-08-14 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Japan's stock market has rebounded from last week's sell-off and investment firm Bernstein sees promise looking ahead, recommending a specific trading strategy and naming overweight-rated stocks. Both indexes have since recouped some losses, with the Topix and Nikkei ending 2.83% and 3.45% higher respectively on Tuesday. Below are four stocks from the investment bank's defensive screen, listed on the Tokyo Stock Exchange. Stocks trading at a 'deep discount' Among the names on the bank's screen is video games company Nintendo . According to FactSet, analysts on average give Capcom over 19% upside, Keyence almost 24% upside and Bandai Namco 22.5% upside potential.

Persons: Bernstein, Rupal Agarwal, — CNBC's Michael Bloom, Charmaine Jacob, Arjun Kharpal Organizations: Nikkei, BOJ, Bank of, Tokyo Stock Exchange, U.S, Stocks, Nintendo, Capcom, Keyence Corp, Bandai Namco Holdings, Bandai Namco Locations: Bank of Japan, Japan

☆ Designer 'dupes' go mainstream as shoppers choose affordability over luxury. 'It just makes more financial sense,' expert says
▼ + stars: | 2024-08-14 | by ( Jessica Dickler Ana Teresa Solá | Jessica Dickler | Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

From leggings to lip gloss, there's a dupe for almost any brand-name product. Buying a knockoff used to be a consumer's dirty little secret, largely because a "fake" was considered inferior to the real thing, not to mention the economic cost and intellectual property rights infringement. But brand imitators, also known as dupes — short for duplicates — have elbowed their way into the mainstream and are now even cool. "It's not a direct knockoff, it's kind of revising something that's very chic from a designer world into a more accessible product," Walker said. Even when consumers can get the real thing, nearly 33% of adults intentionally purchased a dupe of a premium product at some point, according to a report by Morning Consult.

Persons: Sara Walker, Walker, Ellyn Briggs Organizations: Finance, Morning Locations: Los Angeles

☆ Our year-end S&P 500 target remains 5,700, says RBC's Lori Calvasina
▼ + stars: | 2024-08-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur year-end S&P 500 target remains 5,700, says RBC's Lori CalvasinaLori Calvasina, RBC Capital Markets head of U.S. equity strategy, joins 'Squawk Box' to discuss the latest market trends, what to make of the recent market sell-off, why she believes the sell-off didn't solve the market's major problems, and more.

Persons: RBC's Lori Calvasina Lori Calvasina Organizations: RBC Capital Markets

☆ AI and security concerns fuel a shift to on-premises IT infrastructure as companies seek more control of data
▼ + stars: | 2024-08-13 | by ( Matthew S. Smith | ) www.businessinsider.com time to read: +9 min

Organizations are shifting to hybrid cloud and on-prem IT infrastructure for more control over data. Rather than depending solely on third-party cloud services, they're looking to operate their IT data networks on-site. Hewlett Packard EnterpriseA push for on-premThis trend is a response to concerns about the reliability, security, and cost-effectiveness of cloud services. Kindo provides a secure management platform for AI systems that lets organizations control which users have access to internal AI resources. The winners will be those that can bridge cloud and on-prem to provide the level of control organizations are demanding.

Persons: —, prem doesn't, Tan, prem, There's, it's, Peter Wang, Anaconda, Wang, Dennis Duckworth, Duckworth, Chris Stegh, Stegh, They've, they've Organizations: prem, Service, Hewlett Packard Enterprise, Anaconda, Anaconda Anaconda, Amazon Web Services, eGroup Enabling Technologies Locations: Germany, Switzerland, Portland , Oregon, San Francisco

☆ Stocks making the biggest moves premarket: Home Depot, Starbucks, Hormel Foods, Chipotle and more
▼ + stars: | 2024-08-13 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Starbucks , Chipotle Mexican Grill — Shares of the coffee chain popped more than 11% in the premarket after the company replaced its chief executive, Laxman Narasimhan, with Chipotle CEO Brian Niccol . Chipotle shares were down about 10%. The company reported earnings of 0.14 Swiss francs per share, or about $0.16, below the StreetAccount estimate of 0.16 Swiss francs. However, revenue of 567.7 million Swiss francs was better than the 562.1 million expected. Kodiak Gas Services — The natural gas services company dipped 2.7% after posting a year-over-year fall in earnings and a top-line miss.

Persons: Laxman Narasimhan, Brian Niccol, Riley, —, Jesse Pound, Fred Imbert Organizations: Home Depot, Entertainment Group, Kodiak Gas Services, Kodiak, Revenue, Citigroup, Riley, SEC, Securities and Exchange Commission Locations: StreetAccount

☆ Some Walmart and Walgreens stores are locking up so much stuff that delivery workers are avoiding them
▼ + stars: | 2024-08-13 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Unlike regular shoppers, delivery workers who pick up orders at stores usually have to shop and deliver their orders on a deadline. Gig delivery workers in most states are paid for each order that they deliver. Spokespeople for Walgreens and CVS previously told BI that the chains started locking up products based on shoplifting trends at specific stores. The shopper told BI that they pressed a button on the shelf to request help from an employee, but no one showed up after several minutes. AdvertisementDo you work for Instacart, DoorDash, Uber Eats, or another gig delivery service and have a story idea to share?

Persons: —, Instacart, Uber Organizations: Service, CVS, Walmart, Business, Retailers, Walgreens, Representatives Locations: An Ohio, Ohio, The Ohio, Nevada, Idaho

☆ These pullbacks are opportunities to buy on the dip, says Defiance ETFs CEO Sylvia Jablonski
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThese pullbacks are opportunities to buy on the dip, says Defiance ETFs CEO Sylvia JablonskiSylvia Jablonski, Defiance ETFs CEO and CIO, joins 'Squawk Box' to discuss the latest market trends, what to expect from key inflation data this week, where investors can find opportunities right now, impact of AI, and more.

Persons: Sylvia Jablonski Sylvia Jablonski

☆ Now's the time for investors to add duration, says JPMorgan's Gabriela Santos
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow's the time for investors to add duration, says JPMorgan's Gabriela SantosGabriela Santos, JPMorgan Asset Management chief markets strategist for the Americas, joins 'Squawk Box' to discuss the latest market trends, what to expect from key inflation data this week, impact on the Fed's rate decision, state of the economy, and more.

Persons: JPMorgan's Gabriela Santos Gabriela Santos Organizations: JPMorgan Asset Management

☆ TikTok's algorithm is helping travelers discover the next hot vacation spot and lean into trends like 'destination dupes'
▼ + stars: | 2024-08-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

More TikTok users are using the app to find their next vacation, the company's travel lead told BI. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTikTok is helping travelers find new places for a vacation as users increasingly use the app for search rather than just scrolling for entertainment. "People are now really leaning into TikTok to search for the next destination, where to travel, and who to fly with," she told Business Insider.

Persons: —, Hannah Bennett Organizations: Companies, Service, Business Locations: Bruges, Paris

☆ 'Your ego is not your amigo': The smart way to negotiate a job offer in today's slowing labor market
▼ + stars: | 2024-08-13 | by ( Alex Koller | ) www.cnbc.com time to read: +4 min

Job hunters are facing a slowing labor market, but does that mean they should accept an offer without negotiating items like salary or remote work? You can use those preferences to filter your job search and to inform your discussions with a prospective employer. How to counter an offerIf your preferred job arrangement, such as fully remote work, isn't a complete deal-breaker, Goredema encourages you to continue the interview process until you receive a job offer. An offer in hand puts you in a "much stronger" position to negotiate the terms of your employment. Then say, 'Now, I'd really like to discuss next steps, and that includes compensation,'" or whichever aspect you're negotiating.

Persons: Octavia Goredema, it's, Stefanie Fackrell, isn't, Goredema

☆ There's a lot of low hanging fruit at Starbucks, says DCLA's Sarat Sethi
▼ + stars: | 2024-08-13 | 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 EmailThere's a lot of low hanging fruit at Starbucks, says DCLA's Sarat SethiSarat Sethi, DCLA portfolio manager, joins 'Squawk Box' to discuss the latest market trends ahead of the opening bell on Tuesday.

Persons: DCLA's Sarat Sethi Sarat Sethi

☆ Stocks making the biggest moves midday: Starbucks, Chipotle, Home Depot, Tencent and more
▼ + stars: | 2024-08-13 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Starbucks , Chipotle Mexican Grill — Starbucks stock shot up 21% after the coffee chain ousted CEO Laxman Narasimhan effective immediately and replaced him with Chipotle CEO Brian Niccol, who will step in Sept 9. Three Wall Street firms already upgraded Starbucks stock after the news. Revenue of 567.7 million Swiss francs topped the 562.1 million expected by analysts polled by StreetAccount. The filings showed that the shareholders, including the Ontario Teachers' Pension Plan Board, were working with Morgan Stanley to sell a total of about 11 million shares of ViaSat. Rumble — Shares advanced more than 5% after the video sharing company's second-quarter results beat expectations on the top and bottom lines.

Persons: Laxman Narasimhan, Brian Niccol, Morgan Stanley, Carlyle, Riley, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim, Jesse Pound Organizations: Starbucks, Home Depot, Depot, Dell Technologies, Barclays, Entertainment, Mobile, Citigroup, StreetAccount, ViaSat, Ontario, Board, Garden, Madison, Garden Sports, Baxter, Baxter International, Riley, SEC Locations: China, FactSet, Madison

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