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☆ These stocks are table-pounding buys as bank fears linger, analysts say
▼ + stars: | 2023-03-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wall Street analysts unveiled a slew of must-own stocks this week even as bank and macroeconomic worries permeate the market. While some investors might be distracted by the ongoing financial turmoil, analysts say there are plenty of quality buying opportunities. They include: TrueCar, Apple, Progressive, Academy Sports and Prosperity Bancshares. Apple Morgan Stanley is doubling down on Apple shares. Apple shares are up almost 20% since the start of the year.

☆ Banking crisis differs from Texas banking crash, says Academy Sports and Outdoors' Hicks
▼ + stars: | 2023-03-16 | 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 EmailBanking crisis differs from Texas banking crash, says Academy Sports and Outdoors' HicksKen Hicks, Academy Sports and Outdoors, Inc. CEO, joins 'The Exchange' to discuss signs of consumer stress, signs of a slowing economy and takeaways from the Texas banking crash.

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, First Republic, Charles Schwab, Match & more
▼ + stars: | 2023-03-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Wells Fargo reiterates PNC as overweight Wells said PNC should benefit from a "flight to quality." Deutsche Bank reiterates Charles Schwab as buy Deutsche said liquidity risks for Charles Schwab are overblown. Wells Fargo reiterates Western Alliance Bancorp as overweight Wells said it's standing by shares of the regional bank. Wells Fargo reiterates American Express as overweight Wells said investors should buy the dip in American Express shares. Bank of America reiterates Amazon as buy Bank of America said it's standing by its buy rating on shares of Amazon.

☆ After a wild, losing week for stocks, investors brace for more market-moving data
▼ + stars: | 2023-03-11 | by ( Zev Fima | ) www.cnbc.com time to read: +16 min

But PPI readings can predict the direction of future consumer price readings. High interest rates hurt because they increase monthly costs, but it's the lack of supply that contributes to elevated list prices. If we can get inflation down while seeing other economic indicators hold up, the likelihood of a soft landing increases. ET: Industrial Production & Capacity Utilization Looking back It was a tough week for stocks, with the Dow falling 4.4% in its worst showing since June. Under the hood, all sectors finished lower for the week, led down by financials and followed by materials and real estate.

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Generac, Coinbase, Meta, Roku, Roblox & more
▼ + stars: | 2023-02-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Thursday's biggest calls on Wall Street: Bernstein reiterates Tesla as underperform Bernstein said Tesla sharers remain overvalued. Loop reiterates Apple as buy Loop said it sees attractive iPhone revenue upside for Apple. Canaccord upgrades Generac to buy from hold Canaccord said it sees "storm clouds breaking" for shares of Generac. JPMorgan reiterates Roku as overweight JPMorgan said it's standing by shares of Roku after the company's earnings results on Wednesday. " Bernstein reiterates Meta as outperform Bernstein kept its outperform rating on the social media giant and says it likes the company's "clear cost takeout plan."

Finance chiefs are coming into the year grappling with a variety of challenges, from rising interest rates and inflation to managing labor disruptions, pricing and inventory. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. “But…there’s more and more of a belief that any kind of downturn will be short and shallow, frankly. Some finance chiefs, meanwhile, are finding opportunities to expand in the volatile economy. You can’t take everything that your vendors are sending you.”Labor woes persistHiring, however, remains a challenge for finance chiefs.

☆ Consumers are going to trade down in a big way this year — How to play it from Bank of America
▼ + stars: | 2023-01-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Here are three of Bank of America's trade-down picks, which Ohmes expects to outperform in 2023. Consumers looking to save money on a gym membership could quit their mid-tier gym and join Planet Fitness for $10 to $25 a month. During the 2008-2009 downturn, Planet Fitness' same-store sales averaged 21% as consumers shifted away from higher-priced options, Ohmes said. Planet Fitness also has rapidly expanding margins and return on invested capital, as well as growth in its equipment segment, Ohmes said. PLNT 1Y mountain Planet Fitness' 12-month performance Bank of America's price target of $100 per share implies 21% upside from Tuesday's close.

☆ CFOs Ponder Their Pricing Power as the Economy Cools
▼ + stars: | 2023-01-09 | by ( Jennifer Williams-Alvarez | Dean Seal | ) www.wsj.com time to read: +7 min

After a year of significant price increases, companies are trying to figure out how far they can go in 2023. However, pricing experts said, consumers and businesses will likely pull back on discretionary spending and will be less tolerant of price increases as they become mindful of their budgets. The Katy, Texas-based retailer takes an item-by-item approach to price increases. Customers haven’t balked at higher price tags, Ms. Huber said in late October. Still, the company said the aggressive price hikes in 2022 haven’t yet had a significant impact on consumers’ behavior.

☆ Stores and restaurants closed on New Year's Day 2023: Costco, Trader Joe's, Chick-fil-A, and more
▼ + stars: | 2022-12-30 | by ( Ben Tobin | ) www.businessinsider.com time to read: +2 min

Costco, Aldi, Sam's Club, and Trader Joe's are among the stores closed on New Year's Day. Chick-fil-A will be closed, as New Year's Day is on a Sunday and the chain doesn't operate Sundays. Stores and restaurants open on the holiday include Walmart, Target, Starbucks, and McDonald's. And some stores, such as Costco, Trader Joe's, and Aldi, will be taking the first day of the new year off. Getty ImagesAcademy Sports + OutdoorsAlbertsonsBarnes & NobleBest BuyCVSDick's Sporting GoodsDollar TreeH-E-BHobby LobbyThe Home DepotIKEAKohl'sKrogerLowe'sMacy'sMichaelsOffice DepotPetcoPublixRite AidSproutsTargetUltaWalgreensWalmartWhole FoodsWhat restaurants are open on New Year's Day 2023?

☆ Finding Nikes in stores will get a lot harder in 2023 and that could give rivals like Hoka and Hey Dude a big boost
▼ + stars: | 2022-12-28 | by ( Matthew Kish | ) www.businessinsider.com time to read: +5 min

"They just entered Foot Locker over the summer and are only in a small slice of their massive store footprint. Nikic said On and Hey Dude could follow similar trajectories next year. In a recent note, Williams Trading analyst Sam Poser said Hey Dude could hit $1 billion in fiscal year 2022 sales. Poser recently met with the management of Crocs, which bought Hey Dude this year. "This quarter, we spent a lot of time with Mary Dillon and her team at Foot Locker," Donahoe added.

☆ New Tax on Buybacks Is Weeks Away, but Finance Chiefs Aren’t Too Worried
▼ + stars: | 2022-12-09 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +6 min

A new corporate tax on stock buybacks hasn’t worried finance chiefs enough for them to rethink their strategy. For Bolingbrook, Ill.-based Ulta Beauty Inc., a maker of beauty products, the impact of the tax will be minimal, finance chief Scott Settersten said. The company’s board in March authorized a new buyback program that enables Ulta Beauty to repurchase up to $2 billion in shares. It is set to be levied on net buybacks, meaning total shares repurchased minus new shares issued during the year. SHARE YOUR THOUGHTS How will the new tax on stock buybacks affect company repurchase plans in the years ahead?

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☆ Consumers are still buying, they're just looking for a good value, says Academy Sports CEO
▼ + stars: | 2022-12-07 | 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 EmailConsumers are still buying, they're just looking for a good value, says Academy Sports CEOKen Hicks, Academy Sports & Outdoors CEO, joins 'The Exchange' to discuss the state of the consumer heading into the holiday season as well as Academy Sports' plans for expansion.

☆ Expect more choppiness ahead after a week of mixed market signals
▼ + stars: | 2022-12-02 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Driving the action were several key economic reports, including the November ADP employment and nonfarm payrolls reports and the October personal spending report. The comments came after a softer-than-expected ADP employment report, but before a stronger-than-expected nonfarm payrolls report. With these kinds of mixed signals, expect more market choppiness as investors remain on the hunt for more definitive signs that the Fed is winning its war on inflation and can therefore definitively ease up on their hawkish stance. Initial jobless claims for the week ending Nov. 26 were 225,000, a decrease of 16,000 from the prior week and below expectations of 235,000. Finally, on Friday the all-important nonfarm payrolls report was released, indicating a 263,000 payrolls increase in November, above the 200,000 expected.

☆ Analysts love these retail stocks as the holiday season ramps up
▼ + stars: | 2022-11-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

However, investors have gotten a mixed picture of the retail landscape from company earnings, U.S. retail sales figures , consumer sentiment data and the still-high inflation that continues to plague shoppers. Using data from FactSet, CNBC Pro screened for retail stocks that may offer some certainty for investors. Auto retailer Lithia Motors is also on the list, with potential upside to the average price target of 36.3%. He reiterated the firm's outperform rating and raised his price target on the shares. The stock price has risen this year, by 17%.

☆ Oppenheimer upgrades Dick's Sporting Goods, says stock is underappreciated and poised to rally
▼ + stars: | 2022-10-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Oppenheimer says investors are underappreciating shares of Dick's Sporting Goods , a retailer poised to profit from consumer demand shifts in a post-pandemic world. Analyst Brian Nagel upgraded shares of the retail stock to outperform, highlighting in a note to clients Thursday that shares trade at only 12 to 14 times the firm's expected recession case earnings for the retailer. "In our view, a now better-positioned and more strategically merchandised Dick's Sporting Goods is likely to continue to capitalize well upon positive, post-pandemic shifts in consumer demand and stepped-up competitive fallout within sporting goods retail," Nagel said. The firm placed a $138 price target on the stock, reflecting the possibility of shares gaining 26% from Wednesday's close. Despite this backdrop, shares of Dick's Sporting Goods have outperformed the broader S & P 500 and the retail sector.

☆ Analysis: Rally in U.S. consumer stocks teeters with Fed, inflation in focus
▼ + stars: | 2022-09-21 | by ( David Randall | ) www.reuters.com time to read: +5 min

read moreRegister now for FREE unlimited access to Reuters.com RegisterThe gains in the consumer discretionary sector may prove fleeting. read moreStill, some investors believe inflation and growth woes may already be largely reflected in many consumer discretionary shares. "But we're seeing a lot of consumer stocks that we think will hold up and come out of this in a better position." Consumer stocks are rallying despite looming Fed hikes. Global fund managers have remained bearish on consumer discretionary stocks despite recent gains, with nearly 25% of those surveyed by BofA Global Research this month underweight the sector - the most of any group.

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