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☆ Stocks making the biggest moves midday: Ford, Viking Therapeutics, ServiceNow and more
  + stars: | 2024-07-25 | by ( Sean Conlon | ) www.cnbc.com   time to read: +6 min
Ford posted adjusted earnings per share of 47 cents compared to the consensus forecast of 68 cents, according to LSEG. Edwards also reported second-quarter adjusted earnings of 70 cents a share, a penny above expectations, per LSEG. Honeywell — Shares moved more than 4% lower after the industrial giant's full-year outlook missed analysts' expectations. According to LSEG, analysts were expecting earnings to come in at $2.20 per share on $15.62 billion in revenue. Northrop Grumman — The defense stock climbed more than 5% after the company beat second-quarter earnings expectations.
Persons: Ford, Molina, FactSet, Edwards Lifesciences, Edwards, CJ Desai, LSEG, RTX, AbbVie, Northrop Grumman, —, Alex Harring, Yun Li, Pia Singh, Hakyung Kim, Jesse Pound Organizations: Ford, Viking Therapeutics, U.S . Army . American Airlines, American Airlines, Honeywell —, Southwest Airlines —, Southwest, Citi, Hasbro, Revenue, Machines, Business Machines, Nasdaq
☆ US Bank Shopper Cash Rewards Card Review 2024
  + stars: | 2024-07-23 | by ( Tessa Campbell | Angela Fung | Investing | ) www.businessinsider.com   time to read: +24 min
The information for the following product(s) has been collected independently by Business Insider: U.S. Bank Shopper Cash Rewards™ Visa Signature® Card, U.S. Bank Cash+® Visa Signature® Card. U.S. Bank Shopper Cash Rewards Card ReviewCash-back cards are some of the best credit cards out there, and the brand-new U.S. Bank Shopper Cash Rewards could be a new crowd favorite. U.S. Bank Shopper Cash Rewards Card Benefits and FeaturesLED TechnologyIn a unique twist, U.S. Bank is piloting a version of the U.S. Bank Shopper Cash Rewards that has LED-powered technology built into the card's plastic. U.S. Bank Shopper Cash Rewards Card Fees and CostsThe U.S. Bank Shopper Cash Rewards has a 18.74-28.74% Variable APR. U.S. Bank Shopper Cash Rewards Card ComparisonWe compared the U.S. Bank Shopper Cash Rewards to other popular cash-back cards to see how they stack up in terms of rewards and benefits.
Persons: cardholders, you'll, you’ve, takeout, Williams, Cardholders, Uber, You'll Organizations: Business Insider, U.S . Bank, Bank, . Bank, Walmart, Target, Business, EV, Amazon, Cash, U.S, Bank Rewards, Visa, Service, American Express, ® Wells, Chase Travel, Home, Ikea, Sonoma, Emergency, Capital, Disney Locations: U.S, Chevron
☆ The death of the personal check: As retailers move toward 'check zero,' here's what that means for you
  + stars: | 2024-07-19 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +1 min
Nadya Lukic | E+ | Getty ImagesMost Americans may not even remember the last time they wrote a check. Only 15% of adults said they wrote a few checks a month in 2023, according to a recent report by GoBankingRates. In fact, in the years since the Covid pandemic, Americans have fully embraced contactless and digital payment methods, while check writing has steadily declined into near-oblivion. Some retailers rule out paper checksAs of July 15, Target joined a growing list of retailers, including the Aldi supermarket chain, Whole Foods, Old Navy and Lululemon, that no longer accept personal checks as payment. So, if personal checks are heading toward extinction, who, if anyone, is affected?
Persons: Nadya Lukic, Target, Scott Anchin, Anchin Organizations: Getty, GoBankingRates, Aldi, Foods, Navy, Independent Community Bankers of America
☆ 29-year-old quit her job to sell flowers from a pickup truck—now she brings in up to $16,000 a month
  + stars: | 2024-07-18 | by ( Cheyenne Devon Tasia Jensen | Cheyenne Devon | Tasia Jensen | ) www.cnbc.com   time to read: +11 min
About a week later, she came up with the idea to start her own flower truck business, Main Street Flower Truck. Hintze launched her business, Main Street Flower Truck, in August 2023. She decided to name her company after the street where she grew up, Main Street. After the family pulled over to inspect the truck, Hintze wrote down the number on the for-sale sign. By February, she made the choice to pour all of her time and energy into growing her flower truck business.
Persons: Vienna Hintze, Hintze, Tristan Pelletier, Fiona, they've, That's, Hintze hasn't, she's, I'm Organizations: CNBC, Syracuse University, Free People, Universal Music Locations: New York City, Vienna, Los Angeles, Long Island , New York, Ojai, Ventura County, L.A, bouquets
☆ Running clubs are surging in popularity and all types of brands are lining up to sponsor them
  + stars: | 2024-07-18 | by ( Lauren Johnson | ) www.businessinsider.com   time to read: +4 min
For years, big fitness brands like Lululemon and Nike have hosted running clubs at their stores that attract athletes. But the more recreational and social running clubs popping up all over the country are getting the attention of brands of all stripes. Running app Strava has 860,000 clubs on its platform, and 37% of active users are part of a running club. Most of Slow Girl Run Club's runners are women between the ages of 22 and 30. Instead, she looks for partnerships that Slow Girl Run Club's members are interested in.
Persons: —, Gen, Tyler Swartz, Swartz, Endorphins, Isabel DiGiovanni, DiGiovanni, Coco Organizations: Service, Nike, Business, Brands, IRL, New, New York, New York Mets, New York Marathon, Miru Locations: New York, Chicago, Miami, Dallas
☆ Mongolia’s Paris 2024 team outfits: ‘They just won the Olympics’
  + stars: | 2024-07-16 | by ( Oscar Holland | ) edition.cnn.com   time to read: +3 min
The internet has chosen its new favorite national uniform at the forthcoming Paris 2024 Olympics: Mongolia’s. Female athletes’ outfits come with ceremonial earrings and embroidered bags, while male flag-bearers will wear an archery hat, belt and traditional Mongolian boots. The outfits took an average of 20 hours each to craft, according to the Mongolian National Olympic Committee. The outfits took an average of 20 hours each to craft, according to the Mongolian National Olympic Committee. This year, the country is sending more than 30 athletes to the Paris Olympics, which kick off on July 26.
Persons: Ralph Lauren, Michel, Amazonka, Michel Amazonka, ”, Ryan Yip, Bee Jamieson, everything’s, geoff0w_, Michel Choigaalaa, Amazonka Choigaalaa, Ben Sherman Organizations: CNN, Eiffel, Mongolian National Olympic Committee, Beijing, Mongolian National Olympic, Paris Olympics, USA Locations: Ulaanbaatar, Paris, Mongolian, Tokyo, Michel Amazonka Mongolia, Beijing, Great Britain
☆ Watch CNBC's full interview with BMO's Simeon Siegel
  + stars: | 2024-07-10 | 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 EmailWatch CNBC's full interview with BMO's Simeon SiegelSimeon Siegel, BMO Capital Markets Managing Dir. & Senior Analyst, joins 'Fast Money' to talj Lululemon's stock hitting multi-year lows and what the athlerisure company needs to focus on.
Persons: BMO's Simeon Siegel Simeon Siegel Organizations: BMO Capital Markets
☆ Lululemon at October 2022 lows: BMO senior analyst says retailer is at a 'precipice'
  + stars: | 2024-07-10 | 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 EmailLululemon at October 2022 lows: BMO senior analyst says retailer is at a 'precipice'Simeon Siegel, BMO Capital Markets Managing Dir. & Senior Analyst, joins 'Fast Money' to talk Lululemon's stock hitting multi-year lows and what the athleisure company needs to focus on.
Persons: Simeon Siegel Organizations: BMO, BMO Capital Markets
☆ The Chinese economy is so bad, even Chinese people can't be enticed into buying dirt-cheap mega-sale items
  + stars: | 2024-07-09 | by ( Aditi Bharade | ) www.businessinsider.com   time to read: +5 min
Chinese e-commerce giants try to lure in customers with attractive salesHistorically, e-commerce has accounted for a hefty chunk of China's retail spending. AdvertisementIn 2023, online retail sales nationwide reached $2.12 trillion, accounting for 27.6% of the total retail sales of consumer goods in the country, according to the National Bureau of Statistics. China's youth unemployment rate stood at 14.9% as of December, according to China's National Bureau of Statistics. And the average per capita income in China in the first quarter of 2024 was $905, according to the National Bureau of Statistics. Figures from the National Bureau of Statistics showed that new home prices in 70 major Chinese cities were down 0.7% from April.
Persons: —, they've, Alibaba, JD.com, Allison Malmsten, Yaling Jiang, they're, Jiang, Evergrande Organizations: Service, Business, CNBC, National Bureau of Statistics, Apple, Daxue Consulting, National Bureau, Statistics Locations: China
☆ A 'fat' ultramarathoner wants you to know running is for everyone. Here are her 4 tips for beginners.
  + stars: | 2024-07-06 | by ( Serafina Kenny | ) www.businessinsider.com   time to read: +5 min
Read previewMirna Valerio is well aware that she doesn't look like a stereotypical runner. That hasn't stopped the founder of the "Fat Girl Running" blog from running 11 marathons and 16 ultramarathons. Valerio, 48, started running in high school as part of field hockey training. Valerio running a six-day ultramarathon with lululemon's "Further" campaign. Sven BrunsoForget what you think running should look likeValerio said it doesn't matter what you look like, "athletics is for everyone."
Persons: —, hasn't, Valerio, Sven Brunso, she'd, Valeria Organizations: Service, Business, Nielsen, World Athletics Locations: Tiktok
☆ Here are the top stocks to own for the second half, according to BTIG
  + stars: | 2024-07-06 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +4 min
BTIG shared its newest additions to its list of top stock picks heading into the second half of 2024. With this backdrop in mind, BTIG shared its list of top stock picks going into the second half of the year. However, analyst Janine Stichter's $425 price target implies that shares could rise about 42% from Friday's close. Her price target of $156 is approximately 37% higher than the stock's Friday closing price of $113.69. Other existing names on BTIG's list of top stock picks include Steve Madden , Block and Domino's Pizza .
Persons: BTIG, Jonathan Krinsky, Russell, Krinsky, Janine Stichter's, LULU, Northrop Grumman, Andre, Madrid, Marie Thibault, Thibault, Okta, Gray Powell, Steve Madden Organizations: Aerospace, Northrop, of Locations: Friday's
☆ A Tennis Star Played Wimbledon in a $298 Version of Her Wedding Dress
  + stars: | 2024-07-05 | by ( Maria Noyen | ) www.businessinsider.com   time to read: +3 min
Read previewA Ukrainian tennis star turned heads at Wimbledon for taking on the competition in a sporty version of her wedding dress. Kostyuk wore the court-suitable homage to her bridal look for the first time at Wimbledon 2024 on Monday when she beat Slovakia's Rebecca Šramková. The Wilson dress has a removable sheer overlay that Kostyuk unbuttoned before stepping onto the court. AdvertisementJust like Kostyuk's wedding dress, which she wore to tie the knot with her now-husband George Kyzymenko, the tennis dress is sleeveless and semi-backless, with a sloping V-neck and a sheer outer layer. Related storiesKostyuk told Vogue earlier this week that enlisting Michaeloff as her wedding dress designer was a spur-of-the-moment decision.
Persons: —, Marta Kostyuk, Marta, Joelle Michaeloff, Kostyuk, Slovakia's Rebecca Šramková, Australia's Daria Saville, America's Madison Keys, Wilson, John Walton, George Kyzymenko, Daniel Kopatsch, Michaeloff, Coco Gauff, Serena Williams, Naomi Osaka Organizations: Service, Wimbledon, Business, Vogue, Lululemon, Wilson, Nike, Kostyuk Locations: Ukrainian
☆ I tried a job simulation tool to learn about working as a consultant at BCG
  + stars: | 2024-07-04 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +2 min
That's because after using a job simulation tool for a short time, I have a better sense of what working at the prestigious consulting firm might be like. This story is available exclusively to Business Insider subscribers. He told Business Insider that, growing up in a small town in Australia, he didn't come from a line of bankers, lawyers, or accountants. In the roughly 90 minutes I spent using Forage, the tool made me do some work. The tool also made me think like a consultant — or at least try to.
Persons: —, they'd, Goldman Sachs, Tom Brunskill, Brunskill Organizations: Service, Boston Consulting, KPMG, JPMorgan, Business, EAB Locations: San Francisco, Australia
☆ 10 things to watch in the stock market Wednesday after the S&P 500's record close
  + stars: | 2024-07-03 | by ( Jeff Marks | ) www.cnbc.com   time to read: +5 min
Pepsico 's price target was lowered to $190 from $200 at Cowen, which cited some weakness in salty snacks. Loops Capital raised its price target for off-price retailer TJX to $125 from $115. Lululemon 's price target was lowered to $470 from $505 at Baird, but kept its outperform rating. Pepsico 's price target was lowered to $190 from $200 at Cowen, which cited some weakness in salty snacks. Lululemon 's price target was lowered to $470 from $505 at Baird, but kept its outperform rating.
Persons: Tuesday's, depletions, Jefferies, Eli Lilly, Lululemon, Baird, BTIG, Dell, Amphenol, Jim Cramer's, Jim Cramer, Jim, John Thys Organizations: Constellation Brands, Pepsico, Cowen, Nike, MGM Resorts, Bank of America's, Jim Cramer's Charitable, CNBC, AFP, Getty Locations: Zeebrugge, Belgium
☆ Karen Firestone: Cheap stocks are appealing – but not always the best deal. Here’s why
  + stars: | 2024-06-30 | by ( Karen Firestone | ) www.cnbc.com   time to read: +5 min
The higher the PE ratio, the more investors believe the business will generate strong earnings growth in the future to justify the price today. Even excluding the technology sector, which trades at a robust 30.8 times earnings, the market's PE is a solid 18.3 times next year's earnings, according to FactSet. One place investors scour is the list of low PE stocks, which they perceive as offering attractive value because they are "cheap." First, when growth stocks are in their early stage of expansion, they can grow earnings in the high double-digits range. Then, we grouped these equities into quintiles based on their relative PE ratio from highest (1 st quintile) to lowest (5 th quintile).
Persons: Karen Firestone Organizations: Microsoft, Apple, Nike, Asset Management, Traders, New York Stock Exchange
☆ Chinese retail giants tried to juice spending with iPhone and Lululemon discounts in an annual shopping bonanza
  + stars: | 2024-06-21 | by ( Shubhangi Goel | ) www.businessinsider.com   time to read: +1 min
China's 618 shopping festival faced challenges, despite creative strategies to attract shoppers. Alibaba, ByteDance, and JD.com offered large discounts amid an uncertain economic environment. By one measure, 618 sales — a barometer of consumer health — fell nearly 7% year-on-year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina's e-commerce platforms worked hard to attract shoppers during the country's annual 618 shopping festival.
Persons: JD.com, — Organizations: Service, Business
☆ After His Arrest, Justin Timberlake Is the Talk of Sag Harbor
  + stars: | 2024-06-19 | by ( Jacob Bernstein | ) www.nytimes.com   time to read: +1 min
On Tuesday afternoon in Sag Harbor, Janice Yu of WABC-TV was sitting in the passenger seat of a Nissan news van, eating from a bag of Smart Food popcorn. It was as close as she would come to getting to a kernel of news. “We don’t even know who he was with,” she said, referring to the singer and actor Justin Timberlake, who had been arrested by a Sag Harbor police officer shortly after midnight on Tuesday and charged with driving while intoxicated. It was also where Mr. Timberlake had been partying with friends the night before. Now it was a muggy and sunny day on the leafy street of this quaint-by-Hamptons-standards onetime whaling village, lined by shops that sell everything from $30 Havaianas flip-flops to $4,600 swivel chairs by Charlotte Perriand.
Persons: Janice Yu, ”, Justin Timberlake, Yu, confit, Timberlake, Charlotte Perriand Organizations: WABC, Nissan, Smart, Hamptons Locations: Sag Harbor, New York, Lululemon
☆ A financially independent eBay seller explains how he finds profitable products, including 'home run items'
  + stars: | 2024-06-08 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +4 min
Reselling items on eBay can be an effective way to bring in extra cash. For Richard S., who prefers not to share his last name for privacy reasons, eBay was his ticket to financial independence. The eBay expert, who's been reselling on the platform since 2008, recommends starting by listing what you already have lying around your house. I'm buying everyday value items that everybody can afford. "If you go out there with the most amount of information and you give yourself the most amount of opportunities you will run into more of these home run items."
Persons: Richard S, who's, Richard, Ralph Lauren, I'm, Gucci, Louis Vuitton, Roger Federer, Rafael Nadal, that's, He's Organizations: Service, eBay, Technsports, Business, Nike, Louis Locations: Germany
☆ Lululemon is 'bottom-of-the-pack' in retail for Q1, says BMO's Simeon Siegel
  + stars: | 2024-06-06 | 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 EmailLululemon is 'bottom-of-the-pack' in retail for Q1, says BMO's Simeon SiegelSimeon Siegel, managing director of BMO Capital Markets, joins CNBC's 'The Exchange' to discuss outlooks on Lululemon, retail stocks, and more.
Persons: BMO's Simeon Siegel Simeon Siegel Organizations: BMO Capital Markets
☆ Oppenheimer & Co.: Good news for Lululemon is things didn't get worse
  + stars: | 2024-06-06 | 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 EmailOppenheimer & Co.: Good news for Lululemon is things didn't get worseBrian Nagel of Oppenheimer & Co. discusses Lululemon's earnings report and says China is one of its biggest growth markets.
Persons: Brian Nagel, Oppenheimer Organizations: Oppenheimer, Co, Oppenheimer & Co Locations: China
☆ Stocks making the biggest moves before the bell: Robinhood, Nvidia, Lululemon, Five Below and more
  + stars: | 2024-06-06 | by ( Alex Harring | ) www.cnbc.com   time to read: +4 min
Five Below told investors to expect between $830 million and $850 million, while analysts polled by LSEG forecasted $883 million. Sprinklr — The business technology stock dove 21.1% in the wake of weak guidance for the current quarter and full year. StoneCo — The financial technology stock rose 2.6% following an upgrade to overweight from neutral by JPMorgan . Ultragenyx Pharmaceutical — The biopharma stock added nearly 4% following an upgrade to buy from neutral at Goldman Sachs. Shopify — The e-commerce technology stock slipped 1.6% on the back of a MoffettNathanson downgrade to neutral from buy.
Persons: Goldman Sachs, Smartsheet, LSEG, Sprinklr, Mizuho, there's, StoneCo, CH Robinson, Goldman, ISI's, Shopify, Guggenheim, —, Jesse Pound, Michelle Fox, Lisa Kailai Han Organizations: Nvidia, LSEG, Revenue, Mizuho, JPMorgan, Ultragenyx Pharmaceutical, Goldman, eBay, Citi, UBS, BMO Capital, BMO, Viridian Therapeutics, ISI, Energy Locations: Americas
☆ Stocks making the biggest moves midday: Five Below, Salesforce, Lululemon, Instacart and more
  + stars: | 2024-06-06 | by ( Sean Conlon | ) www.cnbc.com   time to read: +3 min
For the current quarter, Five Below said it expects between $830 million and $850 million in revenue, while analysts polled by LSEG expected $883 million. The move was made earlier this week and comes just days after the company reported its first revenue miss since 2006. Lululemon issued weak guidance for the current quarter, but its full-year earnings per share guidance was above expectations. The company recorded earnings of $2.66 per share, which is better than the LSEG consensus estimate of $2.33 in earnings per share. The bank cited its earnings per share potential and discounted valuation as reasons for the call.
Persons: LSEG, ValueAct, Mason Morfit, Lululemon, Sprinklr, Smartsheet, Smucker, Goldman Sachs, —, Samantha Subin, Michelle Fox, Lisa Han, Alex Harring Organizations: LSEG, Revenue, Old Dominion, Fluence Energy, Guggenheim, Ultragenyx Pharmaceutical, JPMorgan
☆ Champion sportswear sold in deal worth up to $1.5 billion
  + stars: | 2024-06-05 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +1 min
New York CNN —Champion, the more than century-old sportswear brand, has a new owner. Hanesbrands announced Wednesday that it will sell Champion to Authentic Brands Group in a deal worth up to $1.5 billion with performance incentives. Many consumers have pulled back on discretionary clothing, a trend that has hurt Champion’s rivals such as Nike and Under Armour. Champion had made an exclusive C-9 Champion line for Target for around 15 years, but the contract expired in early 2020 as Target focused more on its own private-label brands. The company then started selling the C-9 line on Amazon.
Persons: Hanes, Hanesbrands, “ Organizations: New, New York CNN —, Authentic Brands, Reebok, Nike, Target Locations: New York, Millennials, United States
☆ Lululemon shares pop 12% despite lackluster earnings report and guidance
  + stars: | 2024-06-05 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +4 min
Lululemon's full fiscal year guidance suggests the company is betting conditions will improve in the back half of the year. As growth in the Americas slows, Lululemon issued weak guidance for the current quarter. It expects revenue to be between $2.40 billion and $2.42 billion, just below estimates of $2.45 billion, according to LSEG. For the full year, Lululemon expects earnings per share to be between $14.27 and $14.47, ahead of the $14.11 that analysts had expected. It's expecting revenue to be between $10.7 billion and $10.8 billion, which is in line with expectations, according to LSEG.
Persons: Lululemon, Wall, Calvin McDonald, McDonald, Sun Choe Organizations: LSEG Locations: Shanghai, China, Americas
☆ Tech is the star of the show — Nvidia climbs toward a $3 trillion market cap
  + stars: | 2024-06-05 | by ( Jeff Marks | ) www.cnbc.com   time to read: +4 min
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. The tech-heavy Nasdaq was the star of the show Wednesday, surging more than 1.5% on the back of Nvidia 's march to a $3 trillion market value. 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, Eaton, Gamble, Wednesday's, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Federal Reserve, Treasury, Nvidia, Hewlett Packard Enterprise, Dell Technologies, Broadcom, Apple, Costco, Constellation Brands, Proctor, Jim Cramer's Charitable Locations: U.S, Dover
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