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☆ Billionaire Cohen builds stake in Nordstrom, urges board shakeup
▼ + stars: | 2023-02-03 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

Cohen has privately called Tritton, a former chief executive of Bed Bath & Beyond, "conflicted and unqualified," said the people, who were not permitted to discuss the private negotiations. Bed Bath & Beyond is preparing to file for bankruptcy, Reuters reported this week. Investors cheered Cohen's reported involvement at Nordstrom by sending the stock price up 25% in after-hours trading on Thursday. The Wall Street Journal first reported Cohen's stake in Nordstrom. As possible replacements on the Nordstrom board, Cohen has identified executives with experience at retail and e-commerce companies, the people said.

☆ Here are Friday's biggest analyst calls: Intel, Apple, Amazon, McDonald's, Tesla, Sunrun, Meta & more
▼ + stars: | 2023-01-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Citi reiterates Apple as buy Citi says it's sticking with its buy rating heading into earnings next week. We maintain our Buy rating." Citi reiterates Intel as neutral Citi says it's standing by its neutral rating on the stock, but that Intel's earnings report on Thursday was "bad news." Wells Fargo reiterates Amazon as overweight Wells says it's standing by its buy rating heading into Amazon earnings on February 2. Argus reiterates Tesla as buy Argus says it's sticking with its buy rating after the company's earnings report earlier this week.

☆ Chewy's push into pet telehealth runs into regulatory hurdles, skeptical veterinarians
▼ + stars: | 2023-01-24 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +10 min

Longtime veterinarians told CNBC the service can have some benefit for minor situations, or for people who don't have easy access to vet care. Because when you research pet health, you'll find that there's a specific term called VCPR," Singh said. Banfield Pet Hospital is owned by Mars Veterinary Health, a subsidiary of pet food and candy conglomerate Mars. "If you notice, there has been little to no innovation in pet health over the last decade, and yet in the last three years, there's been more innovation in pet health than in the last decade or 20 years," Singh said. Michael Nagle | Getty ImagesChewy said the program was created to make vet care more affordable and accessible to everyone.

☆ Investor Ryan Cohen builds Alibaba stake, pushes for more share buybacks
▼ + stars: | 2023-01-16 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +4 min

Jan 16 (Reuters) - Billionaire investor Ryan Cohen has built a stake in China's Alibaba Group (9988.HK) worth hundreds of millions of dollars and is pushing the e-commerce giant to increase and speed up share buybacks, people familiar with the matter said on Monday. In his communications, Cohen told Alibaba he thought the company could reach double-digit sales growth and nearly 20% free cashflow growth over the coming five years, according to the sources. Cohen felt the company's shares were undervalued at the time, according to the people, who declined to be identified because the investment is private. The people said that Cohen is eager to have a collaborative, long-term relationship with Alibaba and that he has praised management's capabilities. Over roughly the same period, Alibaba has steadily escalated its share buyback program.

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Rivian, Target, Microsoft, Etsy & more
▼ + stars: | 2023-01-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are the biggest calls on Wall Street on Monday: UBS downgrades Microsoft to neutral from buy UBS said in its downgrade of the stock that it's concerned about Microsoft Office risks. Wells Fargo downgrades Target to equal weight from overweight Wells said in its downgrade of the stock that it sees too much 2023 uncertainty. " UBS downgrades JB Hunt to neutral from buy UBS said in its downgrade of the shipping company that it sees volume and pricing risk. UBS downgrades Honeywell to sell from buy UBS said in its downgrade of the stock that the multiple is "inflated." UBS reiterates Amazon as buy UBS lowered its price target on the e-commerce giant to $125 per share from $165 but says it's standing by the stock.

TORONTO, Dec 28 (Reuters Breakingviews) - Like dogs seeking forever homes, stray pet businesses will find new owners in 2023. After a surge in Covid-19 lockdown adoptions, some seven out of 10 U.S. households owned one, according to a recent survey by The American Pet Products Association. Nestlé (NESN.S) boss Mark Schneider, for one, said he is open to opportunities in pet food, while Colgate-Palmolive (CL.N) recently bought additional manufacturing facilities to beef up its Hill’s Pet Nutrition division. Privately held Mars, which acquired Canada-based Champion Petfoods and Nom Nom, also could be on the hunt. Separately, Mars also agreed to acquire pet food brand Nom Nom for an undisclosed price, Bloomberg reported on Jan. 14.

☆ FedEx cost cuts stanch losses, analysts see need for more
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +2 min

Shares in FedEx rose 4.7% to $172 at midday Wednesday, a level far below their 52-week high of $266.79. FedEx has been underperforming its unionized rival United Parcel Service (UPS.N), which is squeezing greater profit from its leaner, more streamlined operating structure. FedEx has outlined plans to integrate its disparate businesses, revive its long-troubled Europe operations and appease activist investor D.E. On Tuesday, FedEx issued a new 2023 profit forecast, signaling that it may be "finding the floor," Susquehanna analyst Bascome Majors said. Reporting by Lisa Baertlein in Los Angeles; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

☆ Jim Cramer's top 10 things to watch in the market Friday: Hot inflation, Costco earnings, FTC Microsoft
▼ + stars: | 2022-12-09 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

The government says November producer prices rose 0.3% overall versus the 0.2% expected increase. Citi raises 3M (MMM) price target to $126 per share from $117; sees still emerging fiscal tailwinds. Wells Fargo upgrades Netflix (NFLX) to overweight from equal weight (buy from hold), raising its price target to $400 per share from $300. Baird raises price target on RH (RH), formerly known as Restoration Hardware, to $300 per share from $275; keeps neutral rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, Carvana, Expedia, Shopify, Roku & more
▼ + stars: | 2022-12-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Bank of America reiterates Warner Brothers Discovery as buy Bank of America said Warner Brothers Discovery shares are the "best value in media." Wolfe downgrades Shopify and Chewy to peer perform from outperform Wolfe downgraded Shopify and Chewy on concerns about consumer weakness in e-commerce. "We are also revising our ratings on SHOP and CHWY to Peer Perform from Outperform after the recent rally." Peer Perform previously)." JMP upgrades MongoDB to market outperform from market perform JMP upgraded the developer data platform company after its earnings report on Tuesday.

☆ Meme stock mania may finally be over
▼ + stars: | 2022-12-06 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

Meme stocks, that is. Shares of movie theater chain AMC (AMC) have plummeted 55% this year. But investors may also be realizing that companies like GameStop, AMC and Bed Bath & Beyond face legitimate challenges. But mostly, investors are aware of the fact that in uncertain times like this, it may make more sense to play it safe instead of taking a huge gamble on a meme stock. Add all that up and it’s a miserable time for investors to be considering speculative meme stocks.

☆ 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.

☆ 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.

☆ FedEx's reduced holiday forecast no surprise to skeptical contractors
▼ + stars: | 2022-10-11 | by ( Lisa Baertlein | ) www.reuters.com time to read: +5 min

Bush has delivered packages for FedEx Ground for 15 years, and in that time, he said, "they haven't had accurate projections." The updated holiday forecast will help ensure that contractors have appropriate resources for the peak delivery season while minimizing preparation costs, FedEx said in a statement. More than half the 20 contractors who spoke with Reuters for this story were not planning to bulk up operations to meet the company's original holiday forecast. Their previously unreported silent work action shows the distrust many Ground contractors have in company leadership. Last year, FedEx's overly bullish holiday forecast left many contractors with losses after they geared up with trucks and employees for a surge that failed to materialize.

☆ Chewy is at an 'attractive entry point' after its stock pullback this year, Oppenheimer says
▼ + stars: | 2022-10-07 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

It's time to buy Chewy at an attractive entry point, according to Oppenheimer. Shares of Chewy are down roughly 36% this year, underperforming the 21% decline in the S & P 500 over the same time period. "We believe the recent pullback represents an attractive entry point for longer-term players," Parikh wrote in a Thursday note. Oppenheimer's $42 price target represents about 10% upside from Thursday's closing price of $37.94. "We expect a volatile trade to continue from here and would take advantage of any potential dips," Parikh wrote.

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