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☆ Stock market weakness could continue in week ahead as looming government shutdown adds to fears
▼ + stars: | 2023-09-22 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Headwinds are piling up for the market heading into the final week of the month, as September lives up to its reputation as a horrible month for Wall Street. Wolfe Research's Rob Ginsberg pointed out in a note this week that the CBOE Volatility Index (VIX) doesn't suggest much fear in markets. "We have a potential shutdown in Washington, as well as the UAW strike, which could potentially create some volatility in jobs data in particular." But investors heading into the final trading week of September will likely see a continuation of those losses, if history is any indication. "We could see the market experience additional weakness over the next several weeks," said Sam Stovall, chief investment strategist at CFRA.

Persons: Wolfe, Rob Ginsberg, VIX, Amy Wu Silverman, Aditya Bhave, Shannon Saccocia, Saccocia, there's, RBC's Wu Silverman, what's, Goldman Sachs, Scott Rubner, Sam Stovall, Michael Bloom, Jeff Cox Organizations: Wall, Dow Jones, Reserve, Bank of America U.S, UAW, CFRA, Costco Wholesale, Nike, Chicago, Dallas Fed, New, Richmond Fed, Costco, Micron, . Kansas City Fed Manufacturing, BEA, Auto, PCE Deflator, Chicago PMI Locations: Washington, Detroit, . Kansas, Chicago, Michigan

☆ Our takes on new Wall Street research analyzing 4 Club consumer stocks
▼ + stars: | 2023-09-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

There was lots of consumer stock research from Wall Street on Friday, including reports on Club names Costco (COST), Procter & Gamble (PG), beer maker Constellation Brands (STZ) and off-price retailer TJX Companies (TJX). HSBC also said Costco's premium stock multiple is worth it given management's strong execution, sustainable competitive advantages, and growth outlook. The analysts said that P & G has built "one of the strongest set of capabilities in the consumer staples sector." You will not see us trade Costco. TJX YTD mountain TJX Companies YTD In a note Friday, UBS sees department stores still losing share to off-price retailers in both sales and earnings before interest and taxes (EBIT) dollars over the next 10 years and beyond.

Persons: We're, Goldman Sachs, Goldman, Bill Newlands, Jim, TJX, It's, Jim Cramer's, Jim Cramer Organizations: Wall, Costco, Procter, Gamble, Constellation Brands, TJX Companies, HSBC, Coresight Research, Gamble YTD HSBC, Constellation, Modelo, Corona, Constellatio Brands, Elliott Management, UBS, Marshalls, Burlington, Ross Stores, CNBC, Corbis, Getty, & & $ Locations: U.S, Mexican, Maxx, Teterboro , New Jersey

☆ Here's a rapid-fire update on all 35 stocks in the Club's portfolio, including a new buy
▼ + stars: | 2023-09-21 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +12 min

Here's a rapid-fire update on all stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. But for investors who haven't bought into its steep pullback, it's reasonable to buy some shares at current levels around $146.50 each. Unless you believe inflation is going to keep raging, making Microsoft's price-to-earnings multiple too high, then this stock is a buy. Nvidia (NVDA): Investors who don't own Nvidia yet should use its recent weakness to start a position, Jim said. Pioneer Natural Resources (PXD): We decided to buy additional Pioneer shares Thursday as the stock fell more than 2%.

Persons: Jim Cramer's, Jim, Amazon, he's, could've, We're, Jefferies, it's, we'd, Dupont De Nemours, That's, Dupont, Danaher, Bob Iger, Estee Lauder, haven't, Locker, Marry Dillon, Leqembi, Eli Lilly's donanemab, Vimal Kapur, Eli Lilly, Mark Zuckerberg, Morgan Stanley, Morgan, we're, James Gorman, Oracle, Safra Catz, Elliott, Stanley Black, Decker, TJ Maxx, Wells Fargo, Wells, Wynn, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Web Services, Broadcom, Google, Bausch Health, Health, Caterpillar, Costco Wholesale, Costco, Coterra Energy, Coterra, Emerson, National Instruments, Ford, United Auto Workers, GE Healthcare, Honeywell International, Honeywell, Linde, LIN, Mounjaro, Meta, Microsoft, Nvidia, Oracle, Palo Alto Networks, Procter & Gamble, Natural Resources, Starbucks, Constellation Brands, Constellation, Elliott Management, TJX, Marshalls, Wynn Resorts, WYNN Locations: China, India, Dupont, Emerson, Meta, Beijing, HomeGoods

☆ Here are Thursday's biggest analyst calls: Meta, Amazon, Costco, Uber, Sunrun, Alphabet, Exxon & more
▼ + stars: | 2023-09-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Thursday's biggest calls on Wall Street: Baird reiterates Meta as outperform Baird said it's bullish heading into Meta's Connect event next week. Bank of America upgrades Nutanix to buy from neutral Bank of America said it sees numerous positive growth drivers ahead for the computer software company. " Guggenheim reiterates Sunrun as buy Guggenheim said Sunrun is the best positioned solar company. Bank of America reiterates Marriott as buy Bank of America said it's bullish heading into Marriott's analyst day next week. Wells Fargo reiterates Amazon as overweight Wells said it sees several "discreet headwinds" for Amazon that investors may not know about.

Persons: Baird, it's, NTNX, Guggenheim, Sunrun, Evercore, Goldman Sachs, Goldman, Jefferies, Wedbush, Uber, JPMorgan, rideshare, Piper Sandler, Piper, Marriott, Wolfe, Wells, Morgan Stanley, Howmet, Truist Organizations: Meta's, Meta, Qualcomm, Bank of America, of America, Costco, Google, JPMorgan, Disney, Petrobras, CF, Microsoft, monetization, UBS, Walmart, Deutsche Bank, Wax Center, Exxon, ExxonMobil, " Bank of America, Citi, Energy, Micron, MU, Aerospace Locations: Howmet's Whitehall

☆ Evercore ISI's Greg Melich is bullish on Costco. Here's why
▼ + stars: | 2023-09-21 | 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 EmailEvercore ISI's Greg Melich is bullish on Costco. Here's whyGreg Melich, Evercore analyst, joins 'Power Lunch' to discuss his bullish stance on Costco ahead of its next earnings report.

Persons: Greg Melich Organizations: Costco

☆ Dollar General is in a 'really bad situation,' and investors should stay away, Jim Cramer says
▼ + stars: | 2023-09-20 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

The circumstances around JPMorgan's downgrade of Dollar General (DG) appear "highly unusual," CNBC's Jim Cramer said Wednesday, suggesting investors should heed the firm's call and stay clear of the retailer's stock. JPMorgan on Wednesday lowered its rating on Dollar General to the equivalent of a sell, from hold, and cut its price target to $116 per share, from $132. Cramer said Dollar General's customer base "is just really, really hurting," due in large part from the effects of long-lasting inflation. And now, Dollar General management expects the resumption of student-loan repayments and higher fuel prices to further strain consumer savings, JPMorgan noted. Shares of Dollar General fell nearly 2% Wednesday, to under $113 each, extending their year-to-date declines to more than 53%.

Persons: Jim Cramer, Matthew Boss, Cramer, Jim Cramer's Organizations: JPMorgan, Dollar, Charitable Trust, CNBC, TJX Companies, Costco Wholesale

☆ 31-year-old teacher quit her job. Now she works at Costco—and boosted her income by 50%: 'I've never been happier'
▼ + stars: | 2023-09-20 | by ( Maggie Perkins | ) www.cnbc.com time to read: +4 min

"I'm earning what a teacher with 15 years of experience made at my last school district — and 50% more than what I made when I quit," she says. In 2022, I turned 30, quit my eight-year teaching career, and got a job at Costco. This fall, I couldn't be more excited to celebrate my first anniversary working at Costco — and I've never been happier. I'm earning what a teacher with 15 years of experience made at my last school district — and 50% more than what I made when I quit. Zoom In Icon Arrows pointing outwards My first day of work Photo: Maggie PerkinsThe No.

Persons: Maggie Perkins's, I, I've, Maggie Perkins, —, I'm Organizations: Costco, Costco —, Amazon Locations: —, Athens, Athens , Georgia, Issaquah , Washington

☆ 37-year-old quit Amazon and started 20 companies before coming up with Instacart—now he's worth $1.1 billion
▼ + stars: | 2023-09-20 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Mehta is the 37-year-old co-founder of Instacart, the online grocery delivery startup that went public on Tuesday and now boasts a market value of $8.8 billion. As Instacart's largest individual shareholder, Mehta is now worth a reported $1.1 billion after selling 700,000 shares of the company he launched in San Francisco in 2012. He quit his job and moved to San Francisco with a desire to build his own successful startup but no clear plan, he said. "The reason why I quit my job at Amazon was because I wanted to become an entrepreneur," Mehta said. Y Combinator helped Mehta land $2.3 million in venture capital funding within a few months, and Instacart quickly spread beyond San Francisco.

Persons: Apoorva Mehta, Mehta, CNBC's, Instacart, Y, Combinator Organizations: Instacart, Amazon, Kroger, Costco, SEC, CNBC Locations: San Francisco, Seattle, North America

☆ Patagonia boss shares the No. 1 responsibility all CEOs have right now—it takes 'courage' to pull off
▼ + stars: | 2023-09-20 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Patagonia CEO Ryan Gellert has a simple message for other leaders across corporate America: Start taking your responsibility to the environment seriously. "I think common sense tells us that the climate ecological crisis is one of the biggest threats facing humanity." Thousands of CEOs across the world say evolving to more environmentally-conscious business models is essential for the longevity of their companies, the 26th annual PwC Global CEO Survey found. CEOs with the "courage" and "consistent willingness to do the work" could reap similar benefits, Gellert said. DON'T MISS: Want to be smarter and more successful with your money, work & life?

Persons: Ryan Gellert, Gellert, Yvon Chouinard, aren't, Axios Harris Organizations: PwC Global, Survey, Harvard, McKinsey & Co, Costco, Apple, CNBC Locations: Patagonia, America

☆ Best Budgeting Tips for a Big Family With Lots of Kids
▼ + stars: | 2023-09-19 | by ( Jamie Killin | ) www.businessinsider.com time to read: +7 min

She says having a big family is like a birthday party where the guests never leave. People always compare large families to reality-TV stereotypesWhen people hear we're a large family, they immediately compare us to the Duggars, but that's a negative stereotype of big families. Moms of large families are often seen as supermoms, but we have hard days just like everybody else and need help sometimes. Having a big family is like hosting a birthday party every dayHaving a large family is like hosting a birthday party every day. We'd owned our home in Virginia for 16 years, so we hadn't thought about the bias we would face as a large family trying to rent.

Persons: Jane Brosseau, Brosseau, I'm, It's, I've, it's, We're, Fred Meyer, We've, we've Organizations: Service, Walmart, Costco, Facebook Locations: Wall, Silicon, Washington, Northern Virginia, Virginia, East

☆ Instacart closes up 12% in Nasdaq debut, after first-day rally sputters
▼ + stars: | 2023-09-19 | by ( Ari Levy | ) www.cnbc.com time to read: +4 min

Instacart shares rose 12% in their Nasdaq debut on Tuesday after the grocery delivery company's long-awaited IPO. The stock initially popped 40% to open at $42, but closed at $33.70 as investors locked in their initial gains. At $11.2 billion, Instacart is valued at about 3.9 times annual revenue. Food delivery provider DoorDash , which Instacart named as a competitor in its prospectus, trades at 4.1 times revenue. Uber's stock trades for less than three times revenue.

Persons: Instacart, Andreessen Horowitz, Rowe Price, company's Uber, Fidji Simo, CNBC's Deirdre Bosa, It's, Brandon Leonardo, Maxwell Mullen, Apoorva Mehta Organizations: Nasdaq, Software, Kroger, Costco, Sequoia, Fidelity, Target, Walmart Locations: Tuesday's, U.S, Amazon

☆ As Instacart goes public, it's no victory lap for founder Apoorva Mehta
▼ + stars: | 2023-09-19 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +10 min

Mehta was replaced as CEO of Instacart in July 2021 following a messy dispute with some of the company's largest investors. Instacart Founder Apoorva Mehta in his 2003 yearbook photo from Westdale Secondary School. The app started gaining momentum and Mehta put out ads on Craigslist for shoppers to do the grocery runs for him. Whole Foods reportedly broke the news to Mehta and a fellow Instacart executive on an early morning call. In a sworn affidavit, Mehta denies that he misappropriated any trade secrets and says he's since cut ties with Singh.

Persons: Apoorva Mehta, Mehta, Safeway Mehta, Hamilton Public Library Mehta, Bing Gordon, Kleiner Perkins, Gordon, he'd, Garry Tan, Tan, Garry, Andreessen Horowitz, catapulting Mehta, Forbes, Instacart, Mike Moritz, Fidji Simo, Simo, That's, Mehta's, he's, Tejasvi, Singh, Sam Bankman, NextMed, it's Organizations: Instacart, Safeway, Westdale Secondary, Hamilton Public Library, The University of Waterloo, Amazon, NPR, Electronic Arts, YC, TechCrunch, Sequoia Capital, Khosla Ventures, Forbes, Foods, Costco, Kroger, Facebook, Sunrise Locations: India, Libya, Hamilton , Ontario, Toronto, Seattle, San Francisco, wallowing, Sequoia, Mehta's, Marin County

☆ Costco superfans now have their own warehouse-themed Monopoly game – with tokens like the $1.50 hot dog combo
▼ + stars: | 2023-09-19 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

A new Costco-themed Monopoly game celebrates 40 years of the warehouse club. Die-cast player tokens immortalize the food court's pizza slice and $1.50 hot-dog and soda combo. AdvertisementAdvertisementThe player tokens are sure to present some tough choices – and arguments – before the game even begins. CostcoSix die-cast player tokens reflect such warehouse icons as the $1.50 hot-dog and soda combo, the pizza slice, the jumbo shopping cart, and the all-important pallet jack. Sure to be a popular holiday or birthday gift for super-fans, Costco Monopoly is currently available in warehouses for $39.99 and online for $44.99.

Persons: Uncle Joe, —, Eric Dowdle Organizations: Costco, Service, Monopoly, Pharmacy, Costco Travel, Gold Star, Costco Monopoly Locations: Wall, Silicon

☆ Canada gov't vows draft law soon to tackle inflation, housing crisis
▼ + stars: | 2023-09-18 | by ( Steve Scherer | ) www.reuters.com time to read: +2 min

A for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada December 13, 2021. Prime Minister Justin Trudeau last week announced a tax break designed to boost the construction of new rental apartment buildings and relieve pressure on the Canadian housing market. Later on Monday, the heads of major grocery chains will meet government ministers who are demanding to see a plan to counter soaring food prices. Canadian retailers say they are not to blame for surging food prices, and instead point to food manufacturers and producers for passing on higher costs to the grocers. The grocery chains attending the meeting in Ottawa are Loblaws (L.TO), Sobeys (EMPa.TO), Metro (MRU.TO), Walmart (WMT.N) and Costco (COST.O), which together represent 80% of the Canadian market.

Persons: Carlos Osorio, Justin Trudeau, Chrystia Freeland, Trudeau, Karina Gould, Steve Scherer, David Ljunggren, Bernadette Baum Organizations: REUTERS, Rights, Liberal, Finance, Competition, Conservatives, Metro, Walmart, Costco, Thomson Locations: Toronto , Ontario, Canada, Ottawa

[1/4] A person shops in the poultry section at a grocery store in Toronto, Ontario, Canada November 22, 2022. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOTTAWA, Sept 18 (Reuters) - Canada's five major grocery chains have agreed to help the government in its bid to stabilize soaring prices, a senior minister said on Monday, following talks to address an issue that is hurting the ruling Liberals. Innovation Minister Francois-Philippe Champagne made the announcement after two hours of what he said were difficult discussions with the chains. "They have agreed to support the government of Canada in our efforts to stabilize prices in Canada," Champagne told reporters, without giving details. "We're all committed to finding solutions to stabilize prices ... it's an industry issue.

Persons: Carlos Osorio, Francois, Philippe Champagne, Champagne, Eric La Fleche, We're, It's, Justin Trudeau, Karina Gould, Trudeau, Steve Scherer, David Ljunggren, Bernadette Baum, Bill Berkrot Organizations: REUTERS, Rights, Innovation, Metro, Walmart, Costco, Conservatives, Liberal, Thomson Locations: Toronto , Ontario, Canada, Ottawa, it's

☆ Cramer says investors should stick with 'best of breed' retail stocks
▼ + stars: | 2023-09-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday said in the face of traditional retail's "unrelenting crunch," investors should look into retailers that are able to perform well in the face of continued inflation. "I wish I could tell you to buy the beaten down retailers, but the one thing I know is that buying best of breed is the way to go, and at this stage in the retail world, there are only three best of breed general merchants, and they are Walmart, Costco and Amazon," Cramer said. To Cramer, retailers and suppliers are in a fight about who eats the cost of inflation. He added that at Walmart, sometimes the generic offering is right next to the branded offering, with seemingly little difference between the two except that one has a lower price. Price pressure and convenience are driving consumers to Amazon, especially its Prime service, Cramer added.

Persons: CNBC's Jim Cramer, Cramer, Price Organizations: Walmart, Costco, Walgreens Locations: U.S

☆ Morgan Stanley says buy these defensive growth stocks as economy disappoints
▼ + stars: | 2023-09-18 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

In an uncertain market environment, Morgan Stanley thinks investors can regain confidence with some large-cap defensive stocks. All are members of the top 1000 by market cap universe, have outperformed on a year-to-date basis, and are classified as a growth stock based on Morgan Stanley's proprietary factor classification model. "In our view, the best way to express that in a portfolio is to hold a barbell of defensive growth (select growth stories and more traditional defensive sectors like Healthcare and Consumer Staples) with late-cycle cyclicals (Industrials and Energy)." Here are some names from Morgan Stanley's playbook: McDonald's is a sure defensive play, according to the firm. Still, Morgan Stanley analysts view the burger chain as a growth stock that is set to outperform in the coming months.

Persons: Morgan Stanley, Morgan, Michelle Weaver, Consumer Staples, Morgan Stanley's, FactSet Organizations: Healthcare, Consumer, Energy, Costco, Apple, Analysts, Accenture, Ross Stores, Marriott Locations: California

☆ Instacart prices IPO at $30 a share, valuing grocery-delivery company at about $10 billion
▼ + stars: | 2023-09-18 | by ( Ari Levy | ) www.cnbc.com time to read: +4 min

Instacart, the grocery-delivery company that saw its business boom during the pandemic, priced its long-awaited IPO at $30 a share on Monday, and will become the first notable venture-backed tech company to hit the U.S. public market since December 2021. There were 22 million shares sold in the initial public offering, with 14.1 million coming from the company and 7.9 million from existing shareholders. Instacart co-founder Apoorva Mehta owns shares worth over $800 million, and is selling a small portion of them in the IPO. The company said co-founders Brandon Leonardo and Maxwell Mullen are each selling 1.5 million, while Mehta is selling 700,000. Former employees, including those who were in executive roles as well as in product and engineering, are selling a combined 3.2 million shares.

Persons: Instacart, Andreessen Horowitz, Rowe Price, Apoorva Mehta, Mehta, Fidji Simo, Simo, Goldman Sachs, JPMorgan Chase, Brandon Leonardo, Maxwell Mullen Organizations: Nasdaq, Kroger, Costco, Sequoia, Fidelity, Target, Walmart, Facebook, JPMorgan Locations: Amazon

☆ Clorox's first-quarter results to see 'material impact' from cyberattack
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Andrew Kelly Acquire Licensing RightsSept 18 (Reuters) - Pine-Sol maker Clorox (CLX.N) said on Monday its first-quarter results could see a "material impact" from a cybersecurity attack last month that damaged portions of its IT infrastructure and caused widescale disruption to its operations. The household staples maker said on Aug. 14 that unauthorized activity on its computer network forced it to take its systems offline, causing delays in order processing. The company did not give a breakdown of the financial impact and said it was still evaluating the situation. Clorox shares were down more than 2% in premarket trading. Reporting by Granth Vanaik in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: coronavirus, Andrew Kelly, Clorox, Granth, Anil D'Silva Organizations: REUTERS, Thomson Locations: New York State, Brooklyn, New York City , New York, U.S, Bengaluru

☆ These are the 11 sectors that comprise the S&P 500 — and the stocks we own in each
▼ + stars: | 2023-09-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +28 min

.GSPF YTD mountain S & P 500 Financials Sector YTD performance Club stocks in the Financials sector: Morgan Stanley ( MS): The bank's services include investment banking, wealth management and investment management. Communication Services Sector market weight: 8.85% Market cap: $3.3 trillion YTD performance: up 44.5% Industries: Diversified telecommunication services; entertainment; interactive media & services; media; wireless telecommunication services. .GSPTS YTD mountain S & P 500 Communication Services Sector YTD performance Club stocks in the Communication Services sector: Walt Disney (DIS): The entertainment giant reported another mixed quarter last month, even against low expectations. Real estate Sector market weight: 2.44% Market cap: $909 billion YTD performance: up 0.9% Industries: Equity real estate investment trusts; real estate management & development. .SPLRCR YTD mountain S & P 500 Real Estate Sector YTD performance While we don't own any real estate stocks, investors have historically invested in the sector for its reliable cash flow from income-generating properties.

Persons: Jim Cramer's, Jim, Salesforce, reenergized, Marc Benioff, Wolfe, Palo, Eli Lilly, Cantor Fitzgerald, Bausch, bioprocessing, Morgan Stanley, Morgan Stanley's, Eaton Vance, Wells Fargo, Wells, TJX, Wynn, Locker, We've, Mary Dillon, Walt Disney, Bob Iger's, Emerson, Davidson, Vimal Kapur, Stanley Black, Decker, Estee Lauder, Gillette —, Elliott, Coterra, Linde, Jim Cramer, Mandel Ngan Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Technology Sector, Industries, Communications, Technology, Information Technology, Apple, Wedbush Securities, Microsoft, UBS, Deutsche Bank, Nvidia, Broadcom, VMware, Palo Alto Networks, Wolfe Research, Palo Alto, Oracle, Mizuho, Amazon Web Services, Google, Health Care, Biotechnology, Health, Bausch Health, Leerink Partners, GE Healthcare Technologies, General Electric, GE, Financials, Bank of America, United Auto Workers, Detroit, Ford, Starbucks, TJX, Marshalls, Wynn Resorts, WYNN, Communication Services, Communication, Hollywood, Charter Communications, Disney, JMP Securities, Facebook, Industrials, Aerospace, Emerson, Caterpillar, Honeywell, Consumer Staples Sector, Consumer, Consumer Staples, Costco Wholesale, Procter & Gamble, Gillette, Constellation Brands, Corona, Modelo, Pacifico, Elliott Management, Energy Sector, Energy, Coterra Energy, Natural Resources, West Texas, Utilities Sector, Electric, Companies, Sempra Energy, Materials, Chemicals, Linde, LIN, DuPont, Sector, Equity, Real, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: U.S, FactSet, bioprocessing, Wells Fargo, China, Maxx, Macao, Asia, Pacifico —, California, Texas

☆ Strong retail sales in the face of stubborn inflation bodes well for two of our consumer stocks
▼ + stars: | 2023-09-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

This week's government economic data revealed pockets of durable consumer spending despite sticky inflation, signaling a favorable quarter ahead and further upside for two of our retail stocks. Since Amazon is the largest e-commerce retailer, the government data suggests Amazon sales in the third quarter should be positive sequentially. Case for Costco Strong August retail sales numbers also bode well for Costco which essentially sells most items listed in the government's dataset. According to Jim, Costco has been doing so well because "the consumer seems very intrigued by bargains," as they've dealt with high inflation for over a year. For August, Costco said U.S. sales rose 2.8% from a year ago, slightly edging out the year-over-year, inflation-adjusted 2.5% gain in U.S. retail sales overall, reported by the Commerce Department.

Persons: we're, Morgan Stanley, Amazon's, Jim Cramer, bode, Jim, Jefferies, Costco's Kirkland, Jim Cramer's, Robert Nickelsberg Organizations: Texas, Costco, Amazon, Deal, Management, Commerce Department, Jefferies, Telsey Advisory, CNBC, Costco Wholesale, Getty Locations: U.S, Colchester , Vermont

☆ Walmart's CEO loves Sam's Club's TikTok-famous cashews, too
▼ + stars: | 2023-09-15 | by ( Gloria Dawson | Alex Bitter | ) www.businessinsider.com time to read: +3 min

Sam's Club private-label cashews are popular on TikTok. Sam's Club shoppers on TikTok enthusiastically discover and try new flavors like everything (as in bagel) and street taco cashews. The top seller is the Member's Mark Roasted Whole Cashews with Sea Salt, according to Sam's Club. Last year, Sam's Club announced a revamp of its Member's Mark brand, according to Marketwatch. Sam's Club said its cashews are highly rated and often re-purchased.

Persons: Doug McMillon, Goldman Sachs, cashews, Goldman, McMillon, Dale Peterson Organizations: Sam's, Walmart, Shoppers, Service, Sam's Club, Goldman Sachs, Target, Costco, Alabama Locations: Wall, Silicon, Alabama

☆ Costco's iconic $1.50 hot dog combo is now an official Monopoly game piece
▼ + stars: | 2023-09-15 | by ( Nicolas Vega | ) www.cnbc.com time to read: 1 min

Costco's $1.50 hot dog and soda combo's price tag is "forever." The wholesale giant this week unveiled a Costco-themed Monopoly set, just in time for the Seattle-based company's 40th anniversary. Gone are the classic game pieces like the thimble, iron and boot. Instead, they've been replaced by Costco staples including the $1.50 hot dog and soda combo, oversized shopping cart, employee name badge and forklift. Even Costco's famous oversized teddy bear and extra cheesy pizza have been turned into game pieces.

Persons: it's, they've Organizations: Costco, Hasbro Locations: Seattle

☆ Buy this warehouse club retailer with younger and wealthier customers than Costco, says TD Cowen
▼ + stars: | 2023-09-14 | by ( John Melloy | ) www.cnbc.com time to read: +1 min

Shares of BJ's Wholesale Club are ready to make a comeback against rival Costco, according to TD Cowen. "We like BJ's wholistic approach to club membership engagement which incorporates digital analytics & a complete basket value proposition with strong appeal to a younger demographic," analyst Oliver Chen wrote in a note Thursday. But Chen sees BJ's catching up as it leverages its customer base, grows stores and takes some market share. The average BJ's customer is 43 years old with a $104,000 income, compared to an average age of 45 years old and income of $103,000 for the typical Costco customer, according to TD Cowen. To be sure, TD Cowen is bullish on Costco as well, rating the warehouse competitor outperform and seeing it as a top pick in the sector.

Persons: TD Cowen, Oliver Chen, Chen, BJ Organizations: BJ's Wholesale, Costco

☆ Walmart customers either hate or love the chain's new shopping carts. We tried one out, and it's clear why they are so polarizing.
▼ + stars: | 2023-09-12 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

Walmart's new taller shopping cart design features a cupholder and a slot for phone or grocery list. Sam's Club and Costco shoppers might recognize the cart's side profile, though this one is narrower. Sam's Club and Costco shoppers might recognize the cart's side profile with its low basket and high seat. The main difference is the narrower, single-seat design, while the warehouse club carts accommodate two children. Target's shopping carts also feature a nice phone tray and cupholder.

Persons: Kelsey Bohl, Dominick Reuter, hadn't, Maddy Charlson, TikToker Tyler Paboucek Organizations: Sam's, Costco, Service, Walmart Locations: Wall, Silicon, Mayfield , Kentucky, Madison , Wisconsin

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