DIRS.INFO The most relevant business & tech news

☆ UBS details how consumer spending is under pressure as inflation remains a threat — and reveals 4 top retailers worth investing in
▼ + stars: | 2023-03-22 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Consumer spending hasn't collapsed due to high inflation, though pressure is building. The resilience of consumer spending might be the biggest surprise in markets in the past year. To that point, $44 billion AutoZone (AZO) indicated it hasn't seen consumer behavior change and has maintained its margins by passing on costs. 4 retail stocks to buy nowIf there's a consensus among the companies that attended UBS' conference, it's that although consumer spending has held up for now, pressure from inflation is steadily mounting. Those are listed below, along with each company's ticker and market capitalization, as well as selected insights their management teams provided at UBS' retail conference.

☆ The Final Call: TGT & AZO
▼ + stars: | 2023-02-24 | 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 EmailThe Final Call: TGT & AZOThe final trade ideas of the week. With CNBC's Melissa Lee and the Options Action traders, Carter Worth, Bonawyn Eison and Mike Khouw.

☆ Inflation takes a back seat to earnings next week as stocks look to bounce back
▼ + stars: | 2023-02-24 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +7 min

The latest Fed projection for the so-called terminal rate — the level where the rate hikes stop — was just over 5%. Before this past week, those intraday levels hadn't been seen since November 2022. ET: ISM Services Looking back January's hot reading on core PCE on Friday was the most influential economic number of the past week. In Club earnings this past week, Nvidia (NVDA) was certainly the highlight. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Minority directors reach milestone 20% of Russell 3000 board seats
▼ + stars: | 2023-02-21 | by ( Ross Kerber | ) www.reuters.com time to read: +3 min

Still, most minority groups hold a smaller share of board seats than their share of the total U.S. population. Often the investors have found receptive audiences, but slow turnover on corporate boards has limited the pace of change, recruiters say. The biggest gain over the four-year period was for Black or African-American directors, who nearly doubled their share of board seats to 8.3% from 4.4% in 2019. They were most represented in the utility sector, with 12% of board seats, and least represented among information technology, energy and healthcare companies, each at 6%. Compared to Hispanics' total share of the U.S. population, their 3.6% share of board seats "isn't anywhere near where it's supposed to be," she said.

☆ Stocks making the biggest moves in the premarket: Herbalife, GitLab, Textron and more
▼ + stars: | 2022-12-06 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

GitLab (GTLB) – GitLab shares surged 18.7% in the premarket following better-than-expected quarterly results for the maker of development operations software, with a smaller loss than analysts had anticipated and sales that exceeded consensus estimates. Textron (TXT) – Textron rallied 9.6% in the premarket after the company's Bell unit won a U.S. Army contract to provide next-generation helicopters. Signet Jewelers (SIG) – The jewelry retailer reported quarterly profit of 74 cents per share, well above the 31 cents a share consensus estimate. Revenue beat consensus estimates as well. The stock surged 8.1% in premarket action.

☆ Is the worst over for bitcoin and the rest of crypto?
▼ + stars: | 2022-12-04 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

This is not the first crypto winter, as long-term fans of bitcoin can attest. “It is very clear that we as an industry need to build better products,” said Hany Rashwan, CEO of 21.co, a crypto investment firm. That’s about triple where prices were during the depths of the crypto bear market in the early pandemic days of 2020. Others point out that the underlying blockchain technology behind bitcoin and crypto remains solid. Pride and Reynolds added that it’s erroneous to think that bitcoin can hold up well during stock market volatility.

☆ JPMorgan says these two retailers are its favorite picks into the holiday season
▼ + stars: | 2022-11-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Costco and Target should emerge victorious as retailers navigate another tricky macro environment this holiday season, JPMorgan says. While the season will pale in comparison to 2021, Horvers anticipates a solid holiday period based on historical standards. Along with Target and Costco, JPMorgan views names like Ulta Beauty and food-focused companies including Walmart and BJ's Wholesale as other holiday-season winners. Auto parts dealers also make a solid defensive trade, Horvers wrote. Among the biggest losers this season, JPMorgan sees headwinds ahead for names like Best Buy , Bed Bath & Beyond and Wayfair .

☆ Here are Friday's biggest analyst calls: Roblox, WeWork, Krispy Kreme, Boeing, Coinbase & more
▼ + stars: | 2022-11-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Roblox as buy Bank of America said it's standing by shares of the stock heading into earnings next week. JPMorgan downgrades Funko to neutral from overweight JPMorgan downgraded the pop culture toy company, noting it sees too much uncertainty. " Piper Sandler downgrades Atlassian to neutral from overweight Piper said it sees a slowdown in subscription billings for the software developer. " Bank of America reiterates Krispy Kreme as buy Bank of America said "brand health is strong but FX, UK, promos weigh," heading into Krispy Kreme earnings Nov. 15. Jefferies reiterates Topgolf Callaway Brands as buy Jefferies said it sees 200% upside in shares of the golf company. "

☆ Stocks: Dow on track for best month in more than 45 years
▼ + stars: | 2022-10-31 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

New York CNN Business —The Dow fell slightly midday Monday but is still up 14% this month, putting it on track for its best monthly gain since January 1976. Still, it’s fitting that on Halloween, candy maker Hershey (HSY) is trading at an all-time high, Shares are up nearly 25% this year. That’s nearly half of the Dow stocks. Oil stocks and health care companies are leading the market, with Chevron (CVX), Merck (MRK) and Amgen (AMGN) topping the Dow leaders list. This list of well known, brand-name stocks trading at record highs is further proof of that point.

☆ What Cramer is looking at Tuesday — Fed rate watch, 2-year Treasury yield surge, Ford warning
▼ + stars: | 2022-09-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

What I am looking at Tuesday, Sept. 20, 2022 U.S. stock futures were up Tuesday until the 2-year Treasury yield kept up its relentless run to 4%. BofA takes timber company Weyerhaeuser (WY) to neutral (hold) from buy. Etsy (ETSY) started with a neutral (hold) at BofA. Truist takes Norwegian Cruise Line (NCLH) to buy from hold; cuts Carnival (CCL) price-target to $10 per share from $8. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stocks making the biggest moves in the premarket: AutoZone, Take-Two Interactive, bluebird bio and more
▼ + stars: | 2022-09-19 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Take-Two Interactive (TTWO) – Take-Two shares slid 5.8% in the premarket after Bloomberg reported that a hacker released gameplay from its upcoming Grand Theft Auto IV game online. bluebird bio (BLUE) – bluebird bio rallied 7.3% in premarket trading after the Food and Drug Administration approved the company's gene therapy for a rare and lethal brain disease in children. Wix (WIX) – Wix shares jumped 4.5% in premarket action after activist investor Starboard Value revealed a 9% stake in the web development platform company. NCR (NCR) – NCR slid another 1.3% in the premarket on top of a 20.3% plunge Friday after Morgan Stanley downgraded the stock to "equal-weight" from "overweight." Adobe fell 1.3% in premarket trading after falling 16.8% last Thursday and another 3.1% on Friday.

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. Five of the 11 S&P 500 sectors were down in early trading. Unexpectedly hot August inflation data last week also raised bets on increased rate hikes down the road, with the terminal rate for U.S. fed funds now at 4.48%. The S&P 500 has lost 19% so far this year on worries of a central bank-induced recession amid recent warnings of slowing demand from delivery firm FedEx and an inverted U.S. Treasury yield curve. The CBOE volatility index (.VIX), also known as Wall Street's fear gauge, rose to 27 points, inching closer to a more than two-month high.

☆ What Cramer is watching Monday — bond yields up, stocks down again as Wall Street on Fed watch
▼ + stars: | 2022-09-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Morgan Stanley talks about the need to show why Club holding Salesforce (CRM) should stabilize out of Dreamforce conference. I think that's wrong: it's Club holding TJX Companies (TJX), off-price retailer behind T.J. Maxx, Marshall's and HomeGoods. Bank of America says do not sell Club holding Amazon (AMZN) on FedEx (FDX) warning. How about Club holding Disney (DIS)? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Robert Shiller: Fed risks 'disgrace' if it doesn't control inflation
▼ + stars: | 2022-09-19 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com time to read: +8 min

If people think prices will continue to rise at a fast pace, they'll start demanding higher wages. Americans are getting stuck with credit card debt for longerMore Americans are saddled with credit card debt for longer periods of time as emergency expenses and the rising cost of living make it harder for them to pay down their balances, according to a new survey. But 31% of Millennials pointed to daily expenses as the main reason for their credit card debt. The survey found that rising costs would have a major impact on 41% of total credit card holders, and on more than half of those with outstanding debts. It also helps that American credit card balances are down 4% compared to late 2019.

☆ Robert Shiller: Fed risks ‘disgrace’ if it doesn’t control inflation
▼ + stars: | 2022-09-19 | by ( Julia Horowitz | ) edition.cnn.com time to read: +8 min

If people think prices will continue to rise at a fast pace, they’ll start demanding higher wages. Americans are getting stuck with credit card debt for longerMore Americans are saddled with credit card debt for longer periods of time as emergency expenses and the rising cost of living make it harder for them to pay down their balances, according to a new survey. But 31% of Millennials pointed to daily expenses as the main reason for their credit card debt. The survey found that rising costs would have a major impact on 41% of total credit card holders, and on more than half of those with outstanding debts. It also helps that American credit card balances are down 4% compared to late 2019.

☆ Another big rate hike is coming. Lather. Rinse. Repeat
▼ + stars: | 2022-09-18 | by ( Paul R. La Monica | Cnn Business | ) edition.cnn.com time to read: +6 min

As such, experts' forecasts for the Fed's key short-term rate after the November meeting range from 3.5% to 4%. In other words, the Fed's rate hikes could ultimately lead to the economy cooling off more than the central bank would like. Too many big rate hikes risk "sending the economy into a mild recession," Chubb said. What's more, other central banks, mainly the European Central Bank, are likely to step up the pace and size of rate increases as well. "Major central banks still have work to do on inflation, including the Fed and the ECB.

☆ Investing Club: The week in review, the week ahead — Sept. 16, 2022
▼ + stars: | 2022-09-16 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

As we saw from Starbucks (SBUX), Humana (HUM) and Danaher (DHR) this week, companies are still investing in the future despite the difficult macroeconomic environment. Conferences will continue next week and within the portfolio we look forward to hearing from Nvidia (NVDA), Salesforce (CRM) and Qualcomm (QCOM). On Thursday, initial jobless claims for the week ending Sept. 10 came in at 213,000, a decrease of 5,000 from the prior week and below expectations of 227,000. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Search resuls for: "AZO"

17 mentions found