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Rite Aid filed plans to close 154 stores on Monday as part of its Chapter 11 bankruptcy. Rite Aid is the smallest of the three major drugstore chains, well behind CVS and Walgreens. Rite Aid was expected to close stores as part of its bankruptcy. Rite Aid told Insider that it considers a variety of factors when deciding to close a store, "including business strategy, lease and rent considerations, local business conditions and viability, and store performance." "We will also strive to transfer associates to other Rite Aid locations where possible," the company said.
Persons: , Glen, Taylor, Daniel Webster, Merrick, William Penn, Redmond, Lacey Organizations: CVS, Walgreens, Service, Pennsylvania . Rite Aid, Wall Street Journal, Rite Aid, Rite, Crenshaw, Hollywood Way, San, Niguel, Yorba, Santa, Thompson Boulevard, Ventura, Atwater, Overland, Meridian, Main, Bel, Bel Air South, Park, Main Street, Lafayette, Garfield, Garden, Ford, Flint, Farmington, Whittemore Street, New Jersey :, Marshall, Bridgeton Pike, Whiting, Pike, Huntington, Jericho Turnpike, Jeff, North Street, Cesar, Chavez, Pennsylvania, Stevenson, Bethel, Union, Allentown, Fourth Street, Fifth, Washington Lane, Street, Central Avenue, Grady, Everett Locations: California, New York, Pennsylvania, Los Angeles, Rock, Centinela, Downey, Beach, Burbank, Hollywood Way Covina, Puente, Alhambra, Oceanside, San Diego, Yorba Linda, Santa Ana, Thompson, Thompson Boulevard Oxnard, Cupertino, Santa Clara, Cruz, Bellevue, Sacramento, Boulevard Ontario, Irvine, Monterey, Alvarado Street Connecticut, Bethel, Greenwood, Delaware, Newark, Hill, Wilmington, Idaho, Boise, Maryland, Elkton, Pulaski, Baltimore, Glen Burnie, Baltimore Annapolis Boulevard Massachusetts, Webster, Main Street Michigan, Fremont, Greenville, Clinton, Macomb, Sturgis, Centerville, Clinton Township, Gratiot, Shelby Township, Dyke, Jackson, Michigan, Manistee, Garden City, North, Detroit, Farmington Hills, St, Johns, Whittemore Street Lansing, Hampshire, Merrimack, New Jersey, New Jersey : West Milford, Mantua, Bridgeton, Irvington, Somerset, Williamstown, Pike New York, Brooklyn, Shore, Merrick, East Northport, Jericho, Jericho Turnpike Medford, Patchogue, West Patchogue, Kenmore, Rochester, Flushing, Levittown, Ohio, Massillon, East New Carlisle, Dayton, Youngstown, Springfield, North Street Bellefontaine, Oregon, Portland, Kensington, Brighton, Bethel Park, Pittsburgh, Greensburg, Bethlehem, Fourth Street Philadelphia, Venango, Washington, Conshohocken, Hanover, Mechanicsburg, Erie, Abington, York, Johnstown, Ardmore, Lancaster, Pittston, Wyoming, Yardley, Chester, Street Titusville, Central Avenue Virginia, Chesapeake, Pleasant, Seattle, Graham, Renton
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe really need more participation for the market to move higher, says Aureus' Kari FirestoneKaren Firestone, Aureus Asset Management chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, why she doesn't believe a recession is on the horizon anytime soon, earnings season, and more.
Persons: Aureus, Kari Firestone Karen Firestone Organizations: Aureus Asset Management
Alphabet shares are up 56% in 2023, but the stock still looks promising, according to Karen Firestone, CEO of Aureus Asset Management. "We still think it's very attractive," she said on CNBC's " Halftime Report ." "I think the amount of intelligence they have put into the search engine is phenomenal and that's just going to continue building," she added. Fellow "Halftime Report" traders Josh Brown, Sarat Sethi and Jim Lebenthal agreed that the stock still has strong prospects, even at this valuation. "This is the one tech stock that I'm overweight … It's attractively priced for a rapidly growing company," said Lebenthal, chief equity strategist at Cerity Partners.
Persons: Karen Firestone, Firestone, Firestone wasn't, Josh Brown, Sarat Sethi, Jim Lebenthal, Lebenthal, Sethi, Douglas C, Management's Brown, Brown Organizations: Asset Management, Firestone, Cerity Partners, Lane, Associates, Google
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael-Hamas conflict not a fundamental reason why market should rally: Cerity's Jim LebenthalJosh Brown, Kari Firestone, Jim Lebenthal, and Sarat Sethi join CNBC's 'Halftime Report' to discuss stocks rising while Treasury yields drop, the impact of Thursday's CPI report, and more.
Persons: Jim Lebenthal Josh Brown, Kari Firestone, Jim Lebenthal, Sarat Sethi, CNBC's Organizations: Israel, Treasury, CPI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis economy is not close to a recession, says Cerity Partners' Jim LebenthalJosh Brown, Kari Firestone, Jim Lebenthal, and Sarat Sethi join CNBC's 'Halftime Report' to discuss stocks rising while Treasury yields drop, the impact of Thursday's CPI report, and more.
Persons: Cerity, Jim Lebenthal Josh Brown, Kari Firestone, Jim Lebenthal, Sarat Sethi, CNBC's Organizations: Treasury, CPI
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPepsiCo shares pop on earnings beat: Here's what you need to knowJosh Brown, Kari Firestone, Jim Lebenthal, and Sarat Sethi join CNBC’s ‘Halftime Report’ to discuss stocks rising while Treasury yields drop, the impact of Thursday's CPI report, and more.
Persons: Josh Brown, Kari Firestone, Jim Lebenthal, Sarat Sethi, CNBC’s Organizations: PepsiCo, Treasury, CPI
DCLA’s Sarat Sethi buys Freeport-McMoRan
  + stars: | 2023-10-10 | 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 EmailDCLA’s Sarat Sethi buys Freeport-McMoRanJosh Brown, Kari Firestone, Jim Lebenthal, and Sarat Sethi join CNBC’s ‘Halftime Report’ to discuss stocks rising while Treasury yields drop, the impact of Thursday's CPI report, and more.
Persons: Sarat Sethi, Josh Brown, Kari Firestone, Jim Lebenthal, CNBC’s Organizations: Treasury, CPI Locations: Freeport
Watch CNBC's investment committee discuss this week's jobs data
  + stars: | 2023-10-05 | 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 investment committee discuss this week's jobs dataJosh Brown, Kari Firestone, and Jim Lebenthal join CNBC's 'Halftime Report' to discuss the market's effort to price in jobs data, consumer demand for energy, and a potential General Motors recall due to explosive airbags.
Persons: Josh Brown, Kari Firestone, Jim Lebenthal, CNBC's Organizations: Watch, Motors
On Thursday's "Ask Halftime," CNBC Pro subscribers asked which stocks they should buy, hold or sell right now. Jim Lebenthal of Cerity Partners said Boeing 's share price is at an attractive level to buy and hold right now. Then, Aureus Asset Management's Karen Firestone explained why she likes Booking Holdings ' stock as a travel-related investment.
Persons: Jim Lebenthal, Karen Firestone Organizations: CNBC, Cerity Partners, Boeing, Holdings
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMajor indexes could hit new 2023 lows if jobs data comes in hot, says Ritholtz's Josh BrownJosh Brown, Kari Firestone, and Jim Lebenthal join CNBC's 'Halftime Report' to discuss the market's effort to price in jobs data, consumer demand for energy, and a potential General Motors recall due to explosive airbags.
Persons: Ritholtz's Josh Brown Josh Brown, Kari Firestone, Jim Lebenthal, CNBC's Organizations: Motors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAureus' Kari Firestone reveals her top stock picks ahead of Fed decisionKari Firestone, Aureus Asset Management CEO, joins 'Squawk Box' to discuss the latest market trends, stocks to watch this week ahead of Fed's rate decision, and more.
Persons: Kari Firestone Organizations: Aureus Asset Management
Watch CNBC’s investment committee discuss Amazon
  + stars: | 2023-09-19 | 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 investment committee discuss AmazonKaren Firestone, Aureus Asset Management CEO, Sarat Sethi, DCLA managing partner, Josh Brown, CEO at Ritholtz Wealth Management, Jim Lebenthal, partner at Cerity Partners, join 'Halftime Report' to discuss how investors should approach Amazon, how they look at various divisions of the company, and more.
Persons: Amazon Karen Firestone, Sarat Sethi, DCLA, Josh Brown, Jim Lebenthal Organizations: Watch, Amazon, Aureus Asset Management, Ritholtz Wealth Management, Cerity Partners
Intel core processors expected to bring AI to PCs by December 14
  + stars: | 2023-09-19 | 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 EmailIntel core processors expected to bring AI to PCs by December 14Karen Firestone, Aureus Asset Management CEO, Sarat Sethi, DCLA managing partner, Josh Brown, CEO at Ritholtz Wealth Management, Jim Lebenthal, partner at Cerity Partners, and CNBC's Kristina Partsinevelos, join 'Halftime Report' to discuss Intel as the company kicked of its developer conference on Tuesday.
Persons: Karen Firestone, Sarat Sethi, DCLA, Josh Brown, Jim Lebenthal, CNBC's Kristina Partsinevelos Organizations: Intel, Aureus Asset Management, Ritholtz Wealth Management, Cerity Partners
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon hiring 250,000 employees for holiday rush. How the pros say to play itJim Cramer, Josh Brown of Ritholtz Wealth Management, Sarat Sethi of DCLA and Karen Firestone of Aureus Asset Management discussed Amazon after the company announced Tuesday it will add a quarter of a million employees ahead of the holiday season in the United States.
Persons: Jim Cramer, Josh Brown, Sarat Sethi, DCLA, Karen Firestone Organizations: Ritholtz Wealth, Aureus Asset Management Locations: United States
Fed kicks off 2-day meeting: What investors should expect
  + stars: | 2023-09-19 | 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 EmailFed kicks off 2-day meeting: What investors should expectKaren Firestone, Aureus Asset Management CEO, Sarat Sethi, DCLA managing partner, Josh Brown, CEO at Ritholtz Wealth Management, Jim Lebenthal, partner at Cerity Partners, and CNBC's Steve Liesman, join 'Halftime Report' to discuss what to expect from Fed's meeting, how Fed's decision in rate hikes will impact the market, and more.
Persons: Karen Firestone, Sarat Sethi, DCLA, Josh Brown, Jim Lebenthal, Steve Liesman Organizations: Fed, Aureus Asset Management, Ritholtz Wealth Management, Cerity Partners
Watch CNBC's investment committee discuss August CPI data
  + stars: | 2023-09-13 | 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 EmailWatch CNBC's investment committee discuss August CPI dataSteve Weiss, Joe Terranova, and Kari Firestone join 'Halftime Report' to discuss the hotter-than-expected CPI print, what sector will lead markets in September, and considerations about how tomorrow's PPI number will impact Fed policy.
Persons: Steve Weiss, Joe Terranova, Kari Firestone Organizations: Watch
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket seems unclear about how CPI numbers will affect Fed policy, says Virtus' Joe TerranovaSteve Weiss, Joe Terranova, and Kari Firestone join 'Halftime Report' to discuss the hotter than expected CPI print, what sector will lead markets in September, and considerations about how tomorrow's PPI number will impact Fed policy.
Persons: Virtus, Joe Terranova Steve Weiss, Joe Terranova, Kari Firestone
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple falls 1% after unveiling new iPhone. Here's what the pros say to do nextJim Cramer, Toni Sacconaghi of Bernstein, Dan Ives of Wedbush Securities and Karen Firestone of Aureus Asset Management discussed Apple after the company launched new products Tuesday and hiked iPhone prices in China, Japan and India.
Persons: Jim Cramer, Toni Sacconaghi, Bernstein, Dan Ives, Karen Firestone Organizations: Apple, Wedbush Securities, Aureus Asset Management Locations: China, Japan, India
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Not fair' to say stocks are overvalued now, says Aureus' FirestoneKari Firestone, Aureus Asset Management chairman and CEO, joins 'Squawk Box' to discuss what she thinks about equity markets right now, if the equity market drivers will continue the same, and more.
Persons: Aureus, Firestone Kari Firestone Organizations: Aureus Asset Management
“The Legislature knows our state, our people and our districts better than the federal courts or activist groups,” wrote Gov. In a hearing last month, the three judges on the lower-court panel couldn’t quite believe it when Alabama came back with a map with only a single majority-Black district. Alabama knew full well that it would lose this case and that a second majority-Black district would inevitably be created over its opposition. They didn’t want to appear that they were knuckling under to the power of the federal government. They wanted the court to do it, and they wanted the public to understand that it was the court’s doing.
Persons: , , Kay Ivey, Roberts, Terry Moorer Organizations: Federal, Court, Alabama, Republican Locations: Alabama, Black, , State, Northern Alabama
These four are responsible for 46% of the 17% gain in the S & P 500 year to date. In 2003, the largest stocks – General Electric , Microsoft, Pfizer and Exxon Mobil – represented merely 4.4% of the total index market value. By 2013, the share commanded by giants Apple, Exxon, Microsoft and GE rose to 8.9% of the S & P 500. That's still below their 21% market value share, but it helps explain what investors are paying for: exceptional free cash flow and sustainable margins. The S & P 500 will struggle without participation from its biggest components.
Persons: That's, Price, Karen Firestone Organizations: Apple, Microsoft, Nvidia, Meta, Delta Air Lines, Micron Technology, Electric, Pfizer, Exxon Mobil, Exxon, GE, U.S, Union, Asset Management
Watch CNBC's investment committee discuss the market bounce
  + stars: | 2023-08-30 | 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 investment committee discuss the market bounceSteve Weiss, Bryn Talkington, Joe Terranova, and Kari Firestone join 'Halftime Report' to discuss maintaining the market bounce, expectations for further Federal Reserve rate hikes, and more.
Persons: Steve Weiss, Bryn Talkington, Joe Terranova, Kari Firestone Organizations: Watch, Federal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe most important data point is what's going on with bonds: Requisite Capital's Bryn TalkingtonSteve Weiss, Bryn Talkington, Joe Terranova, and Kari Firestone join 'Halftime Report' to discuss maintaining the market bounce, expectations for further Federal Reserve rate hikes, and more.
Persons: Bryn, Steve Weiss, Bryn Talkington, Joe Terranova, Kari Firestone Organizations: Federal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's investment committee discuss Fed Chair Powell's Jackson Hole remarksKari Firestone, Joe Terranova, Jim Lebenthal, and Rob Sechan, join 'Halftime Report' to discuss the market pricing in Chair Powell's Jackson Hole comments, Powell's patience with the lag of inflation data, and the Fed's effort to preserve soft landing narrative.
Persons: Jackson, Kari Firestone, Joe Terranova, Jim Lebenthal, Rob Sechan, Powell's Jackson Organizations: Watch
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation is going to ultimately prove to be transitory, says Virtus' Joe TerranovaKari Firestone, Joe Terranova, Jim Lebenthal, and Rob Sechan, join 'Halftime Report' to discuss the market pricing in Chair Powell's Jackson Hole comments, Powell's patience with the lag of inflation data, and the Fed's effort to preserve soft landing narrative.
Persons: Virtus, Joe Terranova Kari Firestone, Joe Terranova, Jim Lebenthal, Rob Sechan, Powell's Jackson
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