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☆ 3 data points that could impact how big of a Fed rate cut the market gets next month
▼ + stars: | 2024-08-13 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Management blamed "higher interest rates and greater macroeconomic uncertainty" for pressuring consumer spending on home improvement projects. The recent data certainly supports the idea of a rate cut at the Fed's mid-September meeting. However, that's weeks away, we know things can turn on a dime in the data and the stock market. Lower rates can certainly impact the stock market — but when it comes to picking individual stocks, we remain focused on earnings. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Thursday's, Stanley Black, Decker, Stifel, bode, Russell, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, PPI, Management, Dow, Home Depot, Trade, Costco, Depot, CNBC, New York Stock Exchange, Getty Locations: U.S, New York City

☆ I co-founded a multimillion-dollar company with my twin sister. Our brutal honesty is an advantage in business.
▼ + stars: | 2024-08-13 | by ( Kelly Burch | ) www.businessinsider.com time to read: +4 min

This as-told-to essay is based on a conversation with Chanda Bell and her twin sister Christa Pitts, co-CEOs of The Lumistella Company. My identical twin Christa and I named our elf Fisbee. Chanda Bell's mom put an elf named Fisbee around the house, which eventually became the Elf on the Shelf. We tell each other whether we're acting as sisters or business partnersWe're business partners, but we're also sisters and best friends. Christa will say, "I just need to talk to my sister right now," or "I'm calling as a business partner."

Persons: Chanda Bell, Christa Pitts, Christa, Fisbee, Chanda Bell's, Chanda Bell Christa, we're, you've Organizations: Service, Lumistella, QVC, Publishers

☆ What needs to happen to keep the market comeback going — plus, our new Starbucks price target
▼ + stars: | 2024-08-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

New PT for Starbucks: The standout in the market Tuesday is Starbucks , which is up 22%. The announcement is also winning over Wall Street, with three firms already upgrading their rating on Starbucks' stock to a buy or buy-equivalent. 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 . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Laxman Narasimhan, Brian Niccol, Baird, Piper Sandler, " Cowen, Brinker, Jim Cramer's, Jim Organizations: CNBC, New, Starbucks, Wall, Bar, Brinker International, Cardinal Health, Jim Cramer's Charitable

☆ Stocks making the biggest moves after hours: Alphabet, Flutter, Nu Holdings and more
▼ + stars: | 2024-08-13 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Flutter Entertainment — Shares of the gaming company surged more than 10% after a stronger-than-expected report for the second quarter. The parent company of Fanduel reported $3.61 billion in revenue, topping the $3.40 billion expected by analysts, according to LSEG. Nu Holdings — Shares of the Brazil-based financial firm climbed about 4% after a stronger-than-expected second quarter. Ibotta — The tech stock fell almost 9% after a wider-than-expected loss for the second quarter. Ibotta reported a loss of $1.32 per share, compared with an estimated loss of 85 cents per share, according to LSEG.

Persons: Draftkings, Mercury, Ibotta Organizations: Bloomberg News, Justice Department, Nu Holdings, . Mercury Systems Locations: U.S, Illinois, Brazil

☆ Chipotle stock falls as CEO Brian Niccol leaves for Starbucks
▼ + stars: | 2024-08-13 | by ( Michele Luhn | ) www.cnbc.com time to read: +1 min

Chipotle stock fell as much as 10% in premarket trading Tuesday as the company announced CEO Brian Niccol would be leaving his role on Aug. 31 to become CEO of Starbucks . Niccol began as Chipotle CEO in March 2018. Chipotle stock has risen more than 700% since since he took over. Niccol helped lead Chipotle through a foodborne illness scandal and oversaw the chain of restaurants during the pandemic. Before taking over at Chipotle, Niccol was the CEO at Yum Brands' Taco Bell.

Persons: Brian Niccol, Niccol, Scott Boatwright, He's, Jack Hartung, Brian, Mellody Hobson, Chipotle, — CNBC's Amelia Lucas Organizations: Starbucks, Yum Brands, Bell Locations: Chipotle

Starbucks announced Tuesday it's replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol as the coffee chain tries to reverse a sales slump. Before joining Starbucks, Narasimhan was chief executive of Reckitt, which owns brands like Lysol and Mucinex. Narasimhan's surprise ouster also suggests that Starbucks' board isn't interested in a deal with activist investors. When news of Elliott's stake in Starbucks first broke in July, the hedge fund offered Starbucks' board a settlement that would protect Narasimhan's job, CNBC previously reported. Starbucks' board did not initially respond or engage with Elliott for some time, driven in part by the lingering influence of Schultz.

Persons: Laxman Narasimhan, Brian Niccol, Rachel Ruggeri, Niccol, Narasimhan, Howard Schultz, Elliott, Chipotle, Mellody Hobson, shakeup, Brian, Hobson, he's, Bell, Narasimhan's, Schultz, Scott Boatwright, Jack Hartung Organizations: Starbucks, Elliott Management, Yum Brands, Bell, CNBC Locations: U.S, China, Chipotle, Pizza

☆ Starbucks Names Chipotle Boss as New C.E.O.
▼ + stars: | 2024-08-13 | by ( Danielle Kaye | More About Danielle Kaye | ) www.nytimes.com time to read: +1 min

The chief executive of Chipotle Mexican Grill is moving over to Starbucks, the coffee chain announced on Tuesday. Brian Niccol, who has held the top position at Chipotle since 2018, will take the helm of Starbucks next month, the company said. He will replace Laxman Narasimhan, whose relatively brief tenure began in March last year, when he became the first chief executive to come from outside the company. Mr. Niccol’s career also includes a stint as chief executive of Taco Bell. Mr. Narasimhan will step down as chief executive and board director immediately, with the chief financial officer Rachel Ruggeri stepping in as interim chief executive until Sept. 9.

Persons: Brian Niccol, Laxman Narasimhan, Niccol’s, Narasimhan, Rachel Ruggeri Organizations: Starbucks, Taco Bell Locations: Chipotle, United States, China

☆ Stocks close at session highs
▼ + 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 EmailStocks close at session highsAdam Crisafulli, Vital Knowledge founder, and Courtney Garcia, Payne Capital Management senior wealth advisor, join 'Closing Bell Overtime' to talk the day's market action.

Persons: Adam Crisafulli, Courtney Garcia Organizations: Vital Knowledge, Payne Capital Management

☆ Investor who owns both Starbucks and Chipotle on how she's viewing Niccol jumping over
▼ + stars: | 2024-08-13 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Starbucks sent shockwaves through the business world on Tuesday with its announcement that Chipotle CEO Brian Niccol would take the same role at the coffee chain, replacing Laxman Narasimhan. While Starbucks shareholders and Wall Street rejoiced , it's a double-edged sword for Tengler as a holder of both stocks. "While I cheered the move of Brian to Starbucks this morning, I mourned it at the loss at Chipotle." To be sure, Starbucks investors had to go through pain to get to this point. Heading into Tuesday's opening bell, the stock was down about 22% compared with when Narasimhan, the outgoing Starbucks CEO, took over in March 2023.

Persons: Laffer, Nancy Tengler, she's, Brian Niccol, Laxman Narasimhan, it's, Tengler, Brian, she'll, Chipotle, Niccol, nabbed, I'm, that's, —, Robert Hum, Tom Rotunno Organizations: Starbucks Locations: Chipotle, Seattle

☆ Incoming CEO Niccol needs to focus on operations at Starbucks first, says Barclays' Bernstein
▼ + 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 EmailIncoming CEO Niccol needs to focus on operations at Starbucks first, says Barclays' BernsteinJeffrey Bernstein, Barclays senior restaurant analyst, joins 'Closing Bell Overtime' to talk what's. next for Chipotle as CEO Niccol moves on to Starbucks.

Persons: Bernstein Jeffrey Bernstein, Niccol Organizations: Starbucks, Barclays

☆ Big Tech saw drops due to fundamentals, not the Yen carry trade, says Dan Niles
▼ + 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 EmailBig Tech saw drops due to fundamentals, not the Yen carry trade, says Dan NilesDan Niles, Niles Investment Management Founder, joins 'Closing Bell Overtime' to talk navigating tech investing, how the AI trade is playing out in earnings and more.

Persons: Dan Niles Dan Niles Organizations: Tech, Niles Investment Management

☆ Opening Bell: August 13, 2024
▼ + 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 EmailOpening Bell: August 13, 2024Watch the opening bell for the New York Stock Exchange and the Nasdaq from August 13, 2024

Organizations: New York Stock Exchange, Nasdaq

☆ We're moving in the right direction on inflation, says BlackRock's Rick Rieder
▼ + 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 EmailWe're moving in the right direction on inflation, says BlackRock's Rick RiederRick Rieder, BlackRock CIO of global fixed income, joins 'Closing Bell' to discuss markets, inflation and the equity market.

Persons: Rick Rieder Rick Rieder Organizations: BlackRock

☆ Jim Cramer says incoming Starbucks CEO Brian Niccol has all the tools needed to fix the coffee chain
▼ + stars: | 2024-08-13 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Club holding Starbucks on Tuesday announced a home-run hire to lead the coffee giant out of its recent slump: Chipotle CEO Brian Niccol is replacing Laxman Narasimhan as the chief executive. Shares of Starbucks soared more than 13% in premarket trading on the news, to more than $87 each. Niccol will start at Starbucks on Sept. 9 and also serve as chairman of the board of directors. Narasimhan had served as Starbucks' CEO since March 2023. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Brian Niccol, Laxman Narasimhan, Jim Cramer, Laxman, Niccol, Narasimhan, Rachel Ruggeri, Jim Cramer's, Jim Organizations: Starbucks, Taco Bell, CNBC Locations: Taco, China

☆ BakerAvenue's King Lip says he's still overweight tech and growth
▼ + 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 EmailBakerAvenue's King Lip says he's still overweight tech and growthKing Lip, BakerAvenue Wealth Management chief strategist, joins 'Closing Bell' to discuss Google's unveiling of new AI features.

Organizations: Wealth Management

☆ The consumer 'paused' in July, low-end consumer is weakening, says JPMorgan's Chris Horvers
▼ + 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 EmailThe consumer 'paused' in July, low-end consumer is weakening, says JPMorgan's Chris HorversChris Horvers, JPMorgan analyst, joins 'Closing Bell Overtime' to talk what to expect from Walmart earnings and other retail trades.

Persons: Chris Horvers Chris Horvers Organizations: JPMorgan, Walmart

☆ Labor data will decide the amount of rate cuts this year, says Evercore ISI's Krishna Guha
▼ + 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 EmailLabor data will decide the amount of rate cuts this year, says Evercore ISI's Krishna GuhaKrishna Guha, Evercore ISI Vice Chairman, joins 'Closing Bell Overtime' to talk what's driving the Fed, the markets, and the economy.

Persons: Evercore ISI's Krishna Guha Krishna Guha, Evercore Organizations: Labor, Fed

☆ Wolfe's Chris Caso talks downgrading Qualcomm
▼ + stars: | 2024-08-12 | 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 EmailWolfe's Chris Caso talks downgrading QualcommChris Caso, Wolfe Research managing director, joins 'Closing Bell Overtime' to talk downgrading Qualcomm, Nvidia's shares surging and more.

Persons: Chris Caso, Qualcomm Chris Caso Organizations: Qualcomm, Wolfe Research

☆ Americans who locked in a job, home, and stocks are thriving. Everyone else missed out on their ticket to wealth.
▼ + stars: | 2024-08-12 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +9 min

Did you have a job, own a home, and have significant investments in the stock market? If the answer was yes to all three, then there's a decent chance you're feeling OK about the current state of your finances. But the job market has slowed over the past year. To be sure, not everyone has enough extra cash to invest in the stock market. This is among the reasons a growing share of Americans have dipped their toes into the stock market.

Persons: —, haven't, there's, There's, It's, what's, Roland Hesmondhalgh, he's, Republicans —, Tiffany Bell, didn't, Bell, she's, she'll Organizations: Service, Business, Federal Reserve, University of Michigan, Republicans, Federal Locations: Virginia, Pennsylvania, Houston

☆ Watch CNBC’s full interview with NewEdge's Cameron Dawson, Wealth Enhancement’s Ayako Yoshioka and Global Capital’s Greg Branch
▼ + stars: | 2024-08-12 | 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 EmailWatch CNBC’s full interview with NewEdge's Cameron Dawson, Wealth Enhancement’s Ayako Yoshioka and Global Capital’s Greg BranchNewEdge's Cameron Dawson, Wealth Enhancement’s Ayako Yoshioka and Global Capital’s Greg Branch, join 'Closing Bell' to discuss markets, the market sell-off and the pivotal week ahead for investors.

Persons: NewEdge's Cameron Dawson, Greg Branch NewEdge's Cameron Dawson, Greg Branch Organizations: Global

☆ Chuck E. Cheese targets inflation-weary families with a bargain subscription program
▼ + stars: | 2024-08-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Chuck E. Cheese has a new subscription program that’s half the price of a Netflix plan, but one the animatronic rat likely hopes double the fun. Chuck E. Cheese hopes the new program attracts inflation-weary customers who have cut back on discretionary spending to save money and seek a better deal. Chang’s providing various versions of their own helping the businesses lock in loyalty and deliver a consistent stream of income. So, Chuck E. Cheese may find it difficult to persuade all but the most ardent of loyalists to fork out for this,” he told CNN. In 2020, Chuck E. Cheese filed for bankruptcy at the height of the Covid-19 pandemic that forced business to temporarily shutter.

Persons: Chuck E, ” Mark Kupferman, ”, Cheese, Taco, Neil Saunders Organizations: New, New York CNN, Netflix, Taco Bell, GlobalData, CNN Locations: New York, Canada

☆ The Fed might be slightly behind, could jump in with a 50bps cut, says RockCreek's Afsaneh Beschloss
▼ + stars: | 2024-08-12 | 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 Fed might be slightly behind, could jump in with a 50bps cut, says RockCreek's Afsaneh BeschlossAfsaneh Beschloss, RockCreek Group Founder & CEO, joins 'Closing Bell Overtime' to talk what's ahead for the markets, the economy and the impact of politics.

Persons: RockCreek's Organizations: RockCreek

☆ August market volatility is normal, says Carson Group's Ryan Detrick
▼ + stars: | 2024-08-12 | 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 EmailAugust market volatility is normal, says Carson Group's Ryan DetrickRyan Detrick, Carson Group chief market strategist and Michael Sansoterra, Silvant Capital Management CIO, joins 'Closing Bell Overtime' to talk the day's market action.

Persons: Carson Group's Ryan Detrick Ryan Detrick, Michael Sansoterra Organizations: Carson Group, Silvant Capital Management

While keeping his outperform rating, Vijay Rakesh chopped $10 off his price target to $145. The Oreo maker should see above-average earnings growth, Jordan said, and the stock itself is a high-quality core holding. — Alex Harring 5:50 a.m.: UBS lays out earnings expectations for Nvidia UBS is remaining bullish on Nvidia heading into the artificial intelligence giant's earnings report. Analyst Timothy Arcuri reiterated his buy rating and $150 price target heading into earnings expected later this month. His price target of $23, up from $20, implies a gain of 28.3% over the next 12 months.

Persons: Piper Sandler, Vijay Rakesh, Rakesh, Alex Harring, Shaun Kelley, Kelley, — Alex Harring, Eli Lilly, Eli Lilly's, James Shin, Shin, Jefferies, Samad Samana, Samana, Goldman, Goldman Sachs, Mills, Leah Jordan, Jordan, Kraft Heinz, Timothy Arcuri, Arcuri, Patrick Moley, Morley, HOOD, Fred Imbert Organizations: CNBC, UBS, Mizuho, Micron, Seagate Technology, Western, Bank of America, Gaming, Consumer, Terre Haute, Kentucky Derby, Deutsche Bank, Par Technology, Jefferies, Conagra Brands, Hershey, Nvidia UBS, Nvidia Locations: Churchill, Northern, Northern Virginia, Kentucky, Robinhood

☆ DirecTV is pushing its pay TV bundle — without a satellite dish
▼ + stars: | 2024-08-12 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +7 min

The "For the Birds" ad campaign for DirecTV emphasizes customers don't need a satellite dish anymore for service. Courtesy: DirecTVCoach Prime wants consumers to know they can watch DirecTV without a satellite dish. As pay TV distributors — both satellite and cable companies — have seen customers flee for streaming, DirecTV is trying to get the message out that a clunky satellite dish is no longer needed for its service. Satellite TV providers like DirecTV and EchoStar's Dish were once some of the biggest distributors of the TV bundle. Sticking with sportsThe "For the Birds" ad campaign for DirecTV emphasizes customers don't need a satellite dish anymore for service.

Persons: Deion Sanders, Steve Buscemi, Henry Winkler, Vince Torres, it's, Torres, Shedeur Sanders, —, Winkler's Frank, Bobby, Buscemi, There's, Sanders, Tinker Bell, Cord, Pavlo Gonchar, Craig Moffett, what's, Moffett, DirecTV's Organizations: DirecTV, NFL, Colorado, Colorado Buffaloes, Nebraska Cornhuskers, Folsom, NBA, NHL, NCAA's Colorado Buffaloes, Lightrocket, Satellite, TPG, AT, Hulu, Sling, YouTube, Netflix, Comcast, Charter Communications Locations: Colorado, Boulder ,, New York City

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