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☆ Stocks making the biggest moves midday: Best Buy, Big Lots, Coinbase, Nio and more
▼ + stars: | 2023-08-29 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Best Buy — Shares popped nearly 6% after the retailer's fiscal second-quarter earnings beat on both the top and bottom lines. Big Lots — The discount retailer surged 26.7% after its earnings report came in better than analysts expected. Big Lots lost $3.24 per share, on an adjusted basis, less than the $4.11 forecasted by analysts surveyed by FactSet. Bernstein reiterated its outperform rating and said investors should buy the stock after a recent pullback in share prices. Futu Holdings — The Asian wealth management stock popped 10% following a double-upgrade to buy from underperform by Bank of America.

Persons: Heico, Tesla, Morgan Stanley, tailwinds, General Motors, they're, — Catalent, Catalent, Elliott, Ginkgo, Wells, it's, Bernstein, Jefferies, Splunk, Raymond James, —, Sarah Min, Samantha Subin, Yun Li, Hakyung Kim, Michelle Fox, Pia Singh, Jesse Pound Organizations: Refintiv, Revenue, FactSet, Marathon, Securities and Exchange Commission, Marathon Digital, Industry, Nvidia, Holdings —, Oracle — Software, Oracle, UBS, Verizon, Citi, General Motors, Google, General, Motors, Elliott Investment Management, Rockwell Automation, Bank of America, Futu Holdings, NextEra Energy Partners Locations: San Francisco , California, underperform

☆ Stocks making the biggest moves premarket: Oracle, AT&T, Best Buy and more
▼ + stars: | 2023-08-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Best Buy — Best Buy rose about 1.3% after topping Wall Street's fiscal second-quarter expectations on the top and bottom lines. Heico reported revenue of $723 million for the previous quarter, ahead of the $702 million expected by analysts polled by Refinitiv. Nio — Nio's stock lost more than 6% before the bell after the Chinese electric vehicle company reported a wider-than-expected quarterly loss. The company reported $2.21 in adjusted earnings per share, while analysts were looking for $2.02 per share, according to FactSet's StreetAccount. BYD — The Chinese automaker's U.S.-traded shares rose more than 2% Tuesday premarket, a day after it announced a 204.68% jump in net profit for the first half of 2023.

Persons: Safra Catz, PDD, Heico, FactSet's, BYD, CNBC's Hakyung Kim, Tanaya Macheel, Jesse Pound Organizations: Oracle Corporation, New York Stock Exchange, UBS, Oracle, Verizon —, Verizon, Citi, Refinitiv . Revenue, FactSet . Revenue, PDD Holdings —, Refinitiv, Toyota Motor —, Toyota Motor Locations: U.S, Japan

☆ US consumer spending is expected to cool further but not fall off a cliff
▼ + stars: | 2023-08-27 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Investors and economists are bullish that consumer spending, the US economy’s main engine, won’t deteriorate too much, which should help stocks avoid a massive sell-off this year. The US Labor Department releases July figures on job openings, quits, hires and layoffs. The US Commerce Department releases July data on household spending, income and the Fed’s preferred inflation gauge. The US Labor Department reports the number of new applications for jobless benefits in the week ended Aug. 26. Friday: The US Labor Department releases August figures on the labor market, including monthly payroll gains, wage growth, and the unemployment rate.

Persons: “ We’re, we’ve, ” Matthew Palazzolo, we’re, We’re, ” Palazzolo, pare, It’s, Biden, Jerome Powell, Sinead Colton Grant, Anna Cooban Organizations: CNN Business, Bell, DC CNN, Federal Reserve, US, Bernstein Private Wealth Management, CNN, Nvidia, Research, Fed, Kansas City, San Francisco Fed, Mellon, International Monetary Fund, Global, US Labor Department, Board, US Commerce Department, National Association of Realtors, China’s National Bureau of Statistics, P Global, Institute for Supply Management Locations: Washington, Wells Fargo, Jackson Hole , Wyoming, American, Germany, Europe, Berlin

☆ Here are 2 major themes to watch in the week ahead after Friday's market rally
▼ + stars: | 2023-08-26 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

As August is known to be, it's been a rough month-to-date for all three of those stock market benchmarks so far. This past week, the overall market was oversold, according to Jim Cramer's trusted S & P Oscillator. After Friday's strong finish, we'll see if the market's oversold condition abates as two major themes play out in the week ahead: Earnings from two Club names — Salesforce (CRM) and Broadcom (AVGO) — and key economic reports ahead of September's Fed meeting. Outside of the labor market and inflation, we'll also get a look at the housing market with the pending home sales on Wednesday. As we heard from fellow Club name Palo Alto Networks (PANW) last week, companies are growing more cautious and more closely scrutinizing large sales deals.

Persons: Jerome Powell's, Powell, it's, Jim Cramer's, Friday's, —, It's, we've, we'll, we're, Salesforce, AVGO, We're, Brown, Forman, Campbell Soup, LULU, Jim Cramer, Jim, Angela Weiss Organizations: Nasdaq, Federal, Nvidia, Dow Jones, Broadcom, Fed, Labor, Club, Palo Alto Networks, VMWare, HEICO Corporation, Bank of Montreal, BMO, Bank of Nova, Hewlett Packard Enterprise, HP, PVH Corp, Patterson Companies, Veeva Systems, UBS, Academy Sports, Hormel, Signet Jewelers, Dell Technologies, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: Jackson Hole , Wyoming, China, Bank of Nova Scotia, New York City

☆ Billions of dollars in spending expected to be lost to student loans. These retailers are at risk
▼ + stars: | 2023-06-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

With student loan payments set to resume this fall, borrowers are likely going to have to cut back spending — and that's bad news for some retailers. About 40 million Americans have a total of nearly $1.8 trillion in outstanding student loan debt. "We regard the incremental 'essential' nature of the debt payments as likely to reduce discretionary spending by an approximately equal amount." UBS expects the pullback in apparel spending to continue as Americans shift funds to student loan payments. In fact, its analysis of U.S. consumers with student loans shows the trend is even more pronounced among those with student debt.

Persons: Gabriella Carbone, Adrienne Yih, Grant, Christopher Horvers, Jay Sole, KeyBanc, Lots, Bradley Thomas, Horvers, — CNBC's Michael Bloom Organizations: U.S . Department of Education, Deutsche Bank, Barclays, JPMorgan Chase, Biden, JPMorgan, CNBC, UBS, Nike, American Eagle Outfitters, Urban, Sporting Goods Locations: Northeast

☆ Big Lots says its decision to accept Bed Bath & Beyond coupons is drawing more 'dislocated' shoppers to the struggling discount retailer
▼ + stars: | 2023-05-26 | by ( Ben Tobin | ) www.businessinsider.com time to read: +2 min

Big Lots is one of many retailers that have accepted Bed Bath & Beyond coupons at their stores. Big Lots president and CEO Bruce Thorn said the retailer is trying to pick up 'dislocated' BBBY customers. For Big Lots, a discount furniture and home decor retail chain that's been wrestling with its own financial problems, Bed Bath & Beyond's pain has been its gain, per Big Lots executives. He said Big Lots also plans to focus on "other companies that unfortunately have gone out of business." The Container Store, JoAnn, and Sur La Table have also been accepting Bed Bath & Beyond coupons in hoping to attract new customers.

With the end of another earnings season in sight, Wall Street's attention has turned to Washington and the debt ceiling deadline. Republican negotiators on Friday walked out of talks on raising the debt limit , abruptly ending a positive week of discussions that appeared to be leading toward a deal. Democrats and the White House have been pushing for a "clean" hike to the debt limit that would push the next deadline past the 2024 presidential election, while Republicans are pressing for spending cuts. Many investors believe this ongoing game of chicken over the debt limit is largely for show, since the U.S. has never defaulted on its debt obligations. U.S. President Joe Biden hosts debt limit talks with House Speaker Kevin McCarthy (R-CA) and other congressional leaders in the Oval Office at the White House in Washington, U.S., May 9, 2023.

CNN —A Michigan teen who used a slingshot to ward off a kidnapper from his sister told CNN he “grabbed anything I could get” to save her. Shane Smith told CNN Saturday. Owen spotted the attack from inside his home and used his slingshot to hit the attempted kidnapper twice. The kidnapper then fled into the woods, taking a well-used trail used by the community, police said. Owen said he got his first slingshot when he was “probably seven or eight.”Owen said the community in Alpena has been showing support for him.

☆ Consumer spending trailing consumer sentiment lower. Look at Home Depot
▼ + stars: | 2023-05-16 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Recent consumer sentiment reports have been poor, so it's reasonable to assume the consumer spending backdrop has softened. The company is cutting guidance due to the weaker lumber prices, weather and is also citing "further softening of demand relative to our expectations, and continued uncertainty regarding consumer demand." If we are on the side of the American consumer (I am), then lower lumber prices are good, right? Running shoes are hot. Second case in point: On Holding (ONON), which makes the trendy ON running shoes, is up 94% YTD.

☆ Crate & Barrel offers to take over gift registries for jilted Bed Bath & Beyond couples and BuyBuy Baby parents-to-be. Here's how to switch.
▼ + stars: | 2023-05-04 | by ( Ben Tobin | ) www.businessinsider.com time to read: +3 min

Crate & Barrel is allowing Bed Bath & Beyond customers to transfer their registries to furniture and home-decor chain. Crate & Barrel says customers who created wedding or baby gift registries at Bed Bath & Beyond or its BuyBuy Baby brand can transfer them to the Illinois-based furniture and home-decor retailer. To do a transfer, the customer would need to create a Crate & Barrel or Crate & Kids registry, take a screenshot of their Bed, Bath & Beyond or BuyBuy Baby registry, then bring it into a Crate & Barrel store. And stores like JoAnn, The Container Store, and Big Lots are all accepting Bed Bath & Beyond coupons. Do you have a wedding or baby registry through Bed Bath and Beyond?

Organizations: & &

☆ Lightning Round: On holding is an 'exciting new company', says Jim Cramer
▼ + stars: | 2023-05-03 | by ( Jim Cramer | ) 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 EmailLightning Round: On holding is an 'exciting new company', says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Big Lots, Sempra, On Holding, Alibaba, Wolfspeed, Super Micro Computer, IONQ, Rogers Communication, New Residential, and Phantom Pharmaceuticals.

☆ Amazon, Target, and Walmart will be the biggest winners from Bed Bath & Beyond's demise
▼ + stars: | 2023-05-02 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Bed Bath & Beyond has filed for bankruptcy and is conducting an "orderly wind down" of its stores. 1 in several of the categories that Bed Bath & Beyond is best known for: kitchen and bathroom supplies, decor, storage, and bedding. Consumers will have fewer options with the demise of Bed Bath & Beyond, said Peter Greene, Numerator's Insights Practice Director for General Merchandise, in a statement. "Bed Bath & Beyond was slow to embrace and adopt the e-commerce boom, which was pioneered, advanced, and utilized to great success by direct competitors like Target, Walmart, and Amazon," Bed Bath & Beyond CFO Holly Etlin wrote in bankruptcy filings. Bed Bath & Beyond's sales plummeted from $11.1 billion in 2019 to an estimated $5.4 billion in 2022.

☆ Don't trash your Bed Bath & Beyond coupons — you can now use them at Big Lots, The Container Store, and Boscov's
▼ + stars: | 2023-04-28 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

The Container Store, Big Lots, and Boscov's are accepting "expired" Bed Bath & Beyond coupons. Wednesday was the last day to use coupons at Bed Bath & Beyond stores following the company's bankruptcy filing. Discount furniture and home decor retailer Big Lots said Thursday it would also accept Bed Bath & Beyond's expired coupons through May 7. Pennsylvania-based Boscov's, which operates 50 department stores mostly on the East Coast, said that it, too, would accept Bed Bath & Beyond coupons. Bed Bath & Beyond said it would stop accepting coupons by April 26, and it began liquidation sales this week at the remaining 360 Bed Bath & Beyond and 120 Buybuy Baby locations.

☆ I went to a doomed Bed Bath & Beyond in my city and found stocked shelves, no deep discounts and few signs that the end was near
▼ + stars: | 2023-04-27 | by ( Dominick Reuter | ) www.businessinsider.com time to read: 1 min

But since the coupons were now unusable at that store, many ended up in a stack in a chair near the front door. They're not completely useless, though. Big Lots and The Container Store have said they will honor them. Dominick Reuter/InsiderSource: Insider

☆ Here's where you can use Bed Bath & Beyond coupons now
▼ + stars: | 2023-04-27 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Bed Bath & Beyond’s competitors are coming to the rescue of customers looking to use expired coupons issued by the failed retailer. Big Lots said Thursday that it’s “assisting shoppers nationwide” by accepting expired Bed Bath & Beyond coupons until May 7. Bed Bath & Beyond coupons are being accepted at other stores. History of Bed Bath & Beyond’s couponsBed Bath & Beyond introduced its oversized coupon for 20% off a single item three decades ago. Now that the company is going through a liquidation process, Bed Bath & Beyond said it’s the end of the road for the coupons.

☆ Lightning Round: Don't buy, don't buy, don't buy Piedmont Lithium
▼ + stars: | 2023-04-25 | by ( Jim Cramer | ) 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 EmailLightning Round: Don't buy, don't buy, don't buy Piedmont Lithium"Mad Money" host Jim Cramer weighs in on stocks, including Hudson Tech, Big Lots, Viking Thera, Piedmont Lithium, Best Buy, Lithium Americas and HCA Holdings.

☆ Here are Friday's biggest analyst calls: Amazon, Tesla, CVS, Microsoft, XPO, AT&T, Spotify & more
▼ + stars: | 2023-04-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Bank of America reiterates Alphabet as buy Bank of America says it's bullish heading into Alphabet earnings next week. JPMorgan reiterates Amazon as a best idea JPMorgan says it's bullish heading into the e-commerce giant's earnings report next week. "We continue to see streaming music & audio as an attractive growth market and remain OW WMG and SPOT." Stephens initiates SentinelOne as overweight Stephens initiated the cyber security company with an overweight and says it has "best-in-class growth." JPMorgan reiterates Charles Schwab as overweight JPMorgan says Charles Schwab could be worth more if it were to "de-bank."

☆ Luxury stocks are on a tear and now there's an index to follow the 1%
▼ + stars: | 2023-04-20 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Luxury stocks are on a tear, and they are pulling away from the other 99% of the world. Birinyi Associates sees an opportunity. LVMH is the largest luxury firm in the world. Rubin and Birinyi have created two new indexes to monitor all this money: the "1% Index" that consists of 16 luxury stocks, and the "99% Index" made up of 18 stocks that is, well, where the rest of us shops. Since the beginning of April, the 99% is making a comeback: The 1% vs. the 99% (since April 1) 1% index: + 3% 99% index: + 12% Source: Birinyi Associates What's happening?

☆ A perfect storm of food-stamp cuts and low tax refunds is looming — and discount chains like Dollar General and Big Lots could feel the pain
▼ + stars: | 2023-03-17 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +5 min

Off-price retailers are worried that cuts to food stamps and smaller tax refunds will hurt sales. Tax refunds are also likely to be smaller because of the wind-down of some expanded tax credits. At the same time, certain beefed-up tax credits are no longer available, which means many taxpayers are preparing for smaller tax refunds this year. "At this point, 30% of that lower household income customer, their expenses today are greater than their income coming in. The 32 states that will wind down SNAP benefits this month join the 18 states that cut those benefits last year.

☆ 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.

☆ DoorDash is headed to Super Bowl, pushing its on-demand grocery business again. Here are 7 key moves it is making to dominate retail delivery after conquering restaurants.
▼ + stars: | 2023-02-12 | by ( Nancy Luna | ) www.businessinsider.com time to read: +13 min

In August 2020, DoorDash launched retail delivery with chains like 7-Eleven and Walgreens. Editor's note: On Sunday, DoorDash is airing its second Super Bowl commercial to promote its grocery delivery business. Lately, DoorDash has its sights set on a new prize — dominance in retail and grocery delivery. "We have more retail stores, grocery included, than any other platform in North America today." DoorDashDoubleDashA year after launching grocery delivery, DoorDash introduced DoubleDash.

☆ Big Lots is closing stores in 2023 — see the full list
▼ + stars: | 2023-01-12 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Big Lots released the latest list of store closures as it makes changes to its network. Going into 2023, Big Lots is also trying to increase the number of stores it has in more sparsely-populated areas of the US. The changes to Big Lots' store network come as the company faces declining sales. Historically high inflation has hit low-income consumers, Big Lots' primary customer base, particularly hard, CEO Bruce Thorn said in December. That's led many of them to hold off on buying the non-essential items that Big Lots sells, he added.

☆ I visited a Big Lots store and saw why why the chain is struggling as customers flock to other discount stores
▼ + stars: | 2022-12-30 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: 1 min

It's definitely entertaining to walk around and kill some time, but it wouldn't be my first choice for anything I needed to shop for. Mary Meisenzahl/Insider

☆ Organized retail crime has ballooned into a $100 billion problem — and store employees are dying over it
▼ + stars: | 2022-12-18 | by ( Avery Hartmans | Ben Tobin | ) www.businessinsider.com time to read: +9 min

Organized retail crime increased by 26.5% in 2021, according to the National Retail Federation. It's organized retail crime, and it's a nearly $100 billion problem for the industry. A 2022 study the National Retail Federation conducted found that organized retail crime at retailers surged by 26.5% in 2021 compared to the year prior. Organized retail crime is not the $10,000 jewelry heist you see in the movies, Jake Stauch, the director of product for the security company Verkada, said. The rise of e-commerce has, in large part, fueled organized retail crime.

☆ The Priciest Wine-Country Real Estate in the U.S.? You Won’t Find It in Napa.
▼ + stars: | 2022-12-15 | by ( Jessica Flint | Photographs Lisa Corson For The Wall Street Journal | ) www.wsj.com time to read: 1 min

California’s Santa Ynez Valley is the heart of Santa Barbara County wine country. It is located about 125 miles up the Pacific Ocean coast from Los Angeles and 35 miles inland from Santa Barbara’s beaches. The valley consists of six communities, one of which is Santa Ynez, whose ZIP Code 93460 has the priciest wine-country residential real estate in the U.S., according to Realtor.com. ( News Corp , owner of The Wall Street Journal, also operates Realtor.com under license from the National Association of Realtors.) Santa Ynez is a sophisticated cowboy town with a population of 4,505, according to census data.

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