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☆ Branding Chewy a meme stock is bad for the pet retailer, according to Wall Street analysts
▼ + stars: | 2024-07-01 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Chewy shares started swinging wildly after online personality Roaring Kitty revealed a big stake , but Wall Street analysts believe being branded as a meme stock is not good for the pet retailer. The meme stock leader, whose legal name is Keith Gill, has taken a 6.6% stake in Chewy, making him the third-largest shareholder. An initial boost in the share price — it surged 18% in two days early last week — has quickly faded, with shares falling more than 5% Monday. Many believe BC could use any rally in Chewy stock to sell more of its stake, putting a temporary ceiling on the shares. The dynamic could be at play Monday as Chewy's stock opened 9% higher, only to quickly give up all the gains and turn lower.

Persons: Chewy, Kitty, Keith Gill, —, David Bellinger, Gill, Don Bilson, Gordon Haskett, Seth Basham, Michael Bloom Organizations: GameStop, AMC, BC Partners, Partners Locations: Chewy

☆ I made potstickers in 3 different appliances, and there's really only one way to do it right
▼ + stars: | 2024-06-29 | by ( Steven John | ) www.businessinsider.com time to read: 1 min

The microwaved potstickers came out better than I expected — but still not great. These dumplings looked awful but tasted good. Steven JohnStraight out of the microwave, the potstickers looked … not great. They lacked the traditional seared bottoms that give potstickers their winning taste and texture, but they weren't as chewy as I'd feared. Although the potstickers were hardly remarkable, I'd certainly use the microwave again if I was short on time.

Persons: potstickers, Steven John Straight, …, I'd

☆ 3-Stock Lunch: Nike, Chewy & Arista Networks
▼ + stars: | 2024-06-28 | 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 Email3-Stock Lunch: Nike, Chewy & Arista NetworksEva Ados, ERShares COO, joins 'Power Lunch' to discuss stock plays for three stocks.

Persons: Arista Networks Eva Ados Organizations: Nike, Chewy, Arista Networks

☆ CNBC Daily Open: Roaring Kitty, Nike flops, inflation on deck
▼ + stars: | 2024-06-28 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

A trader works on the floor of the New York Stock Exchange (NYSE) during morning trading on March 4, 2024 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nike warningShares of Nike plunged 12% in extended trading after the sneaker giant slashed its full-year guidance, anticipating a 10% drop in sales for the current quarter. Roaring Kitty, back againChewy shares experienced a rollercoaster ride on Thursday, soaring as much as 34% following a cryptic post by meme stock influencer Roaring Kitty, before falling back into negative territory.

Persons: Matthew Friend, Nike's, Tim Wentworth, Kitty, CNBC's Michelle Fox Organizations: New York Stock Exchange, CNBC, Dow Jones, Nasdaq, Micron, Nvidia, Treasury, Nike, Walgreens, BCA Research Locations: New York City, U.S, Israel, Lebanon, Greater China, China

☆ I tried 18 of Trader Joe's ice creams and frozen desserts, and I'd buy almost all of them again
▼ + stars: | 2024-06-28 | by ( Savanna Swain-Wilson | ) www.businessinsider.com time to read: +1 min

The s'mores bars were a hit, though I wish the graham-cracker layer was thicker. I liked Trader Joe's s'mores bars, but had a few notes. The marshmallow component was fluffy, like the jarred stuff you get in the store, and tasted exactly as I'd expected. VERDICT: I'm a picky s'mores traditionalist, so it's hard to say this truly delivers the vibe of the campfire classic. Click to keep reading other Trader Joe's taste tests in this series.

Persons: graham, Joe's, Savanna, Wilson

A picture of a cartoon dog appeared on his X feed Thursday afternoon, briefly driving up Chewy shares as much as 34% to $39.10. Chewy shares surged on Thursday after meme stock leader Roaring Kitty posted a picture on social media platform X that resembles the logo of the online pet food retailer. There's also a strong connection between meme stock GameStop and Chewy. GameStop CEO Ryan Cohen was the founder and CEO of Chewy, who was instrumental in PetSmart's takeover of Chewy in 2017 and its subsequent initial public offering in 2019. He later took over as GameStop CEO in 2023, leading a turnaround in the brick-and-mortar video game retailer.

Persons: Kitty, Keith Gill, Chewy, Roaring Kitty, There's, Ryan Cohen, Cohen, Petco, Gill Organizations: GameStop, Chewy, Massachusetts Mutual Life Insurance Locations: Chewy

☆ Roaring Kitty post of a dog sparks brief rally in shares of Chewy and Petco
▼ + stars: | 2024-06-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

Chewy and Petco shares spiked briefly on Thursday after Keith Gill posted a dog on his X account. Chewy shares were up as much as 28%, while Petco shares surged as much as 13%. The petcare stocks spiked around 1:00 p.m. as Gill posted the image. Shares soared again when the famous retail trader posted screenshots on his Reddit account, which revealed he owned 5 million shares of GameStop stock. He's since nearly doubled his stake to 9 million shares and is among the top holders of the video game retailer's stock.

Persons: Keith Gill, —, Gill, Chewy, Petco Organizations: Service, Petco, Wellness Company, GameStop

☆ Stock market today: Indexes edge higher, yields fall ahead of the Fed's favorite inflation gauge
▼ + stars: | 2024-06-27 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

Stocks ended Thursday slightly higher ahead of a key update on inflation. PCE for May will be published on Friday morning, providing new hints about when rate cuts may be coming. Chip firms Nvidia and Micron dipped in Thursday's session, though the broader Nasdaq edged higher. Bond yields dipped ahead of the new data, with the 10-year Treasury yield falling about two basis points to 4.292%. "More recent data have moved in the right direction, but not by enough to convince the Fed that inflation is whipped."

Persons: Stocks, —, economy's, Bill Adams, Michelle Bowman, Keith Gill Organizations: PCE, Nvidia, Micron, Nasdaq, Service, Commerce Department, Treasury, Friday's PCE, Federal Reserve, Comerica Bank, Fed, Here's Locations: Friday's, U.S, Chewy

☆ Chewy options explode as roaring kitty posts cryptic tweet
▼ + stars: | 2024-06-27 | 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 EmailChewy options explode as roaring kitty posts cryptic tweetDavid Boole, Baycrest, joins 'Fast Money' to talk the recent action in Chewy and how it can be tied to a tweet from Roaring Kitty.

Persons: David Boole, Baycrest Locations: Chewy

☆ Jim Cramer's top picks for pet-centric stocks
▼ + stars: | 2024-06-25 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

As some of the market's hottest stocks take a pause, CNBC's Jim Cramer on Tuesday told investors it may be wise to get into some "slowdown stocks," like companies with products related to pets. Cramer suggested the "post-Covid drought" in these stocks could be over and pinpointed three: online retailer Chewy , animal health care company Elanco and J.M. Smucker, which owns pet food brands alongside its namesake jelly products and snacks for people. Smucker's efforts to trim down its pet food portfolio. "I'm going with Smucker because of its distinctive shrink-to-grow-more-profitably lucrative narrative in pet food," he said.

Persons: Jim Cramer, Cramer, Eli Lilly, Elanco, J.M, Smucker

☆ The best dog cooling mats to help your pup beat the heat
▼ + stars: | 2024-06-20 | by ( Christy Caplan | Lisa Sabatini | ) www.businessinsider.com time to read: +11 min

AdvertisementBest for travelThe Green Pet Shop Cool Pet Pad The Green Pet Cool Pet Pad is the best mat for keeping dogs cool on the go. The best dog cooling mats and pads for travel are lightweight and easy to carry, like this one from Green Pet. Most of the best dog cooling mats are too small for giant breeds, but the Arf Pets Pad is an exception. AdvertisementHow we tested the best dog cooling mats and padsI evaluated whether each mat could fit inside of a standard-sized dog crate. Christine Caplan/InsiderThe best dog cooling mats and pads in this guide were provided as editorial review samples by their manufacturers.

Persons: Walter, Krista Miller, Read, Christy Caplan, It's, Christine Caplan Organizations: Business, YouTube Locations: Pacific, Chewy

☆ How Gen Zers dine out: From spicy food to menu hacks
▼ + stars: | 2024-06-14 | by ( Grace Dean | ) www.businessinsider.com time to read: +7 min

They love to customize their food, they're suckers for a menu hack, and they crave spicy dishes, restaurant executives and experts say. Menu hacks fly on social mediaGen Zers are more inclined to try out menu hacks, creating new dishes using items already available on the menu. AdvertisementAt Caribou Coffee, younger customers — Gen Alpha, Gen Zers, and younger millennials — are most likely to modify their drinks, CMO Erin Newkirk told BI. They crave spicy foodGen Zers are big fans of spicy food, executives previously told BI. In a 2022 poll by Morning Consult , US Gen Z respondents listed chicken as their second-favorite food overall, behind only pizza.

Persons: —, Gen, Taylor Swift, Zers, They're, Joe Labombardo, It's, Alessandro Biascioli, Lizzy Freier, Tom Boland, he'd, Boland, Piper Sandler, Justin Sullivan, Labombardo, Gen Z, Alpha, Gen Zers, millennials, Erin Newkirk, Andy Rebhun, Kuttig, Gen Zs, pao, it's, Liang Lim, Cane's, Joe's, Z, they're, Caribou's Newkirk Organizations: Service, Business, Higher, Getty, Bojangles, Coffee, El Pollo, Morning, Piper, Foods Locations: Chipotle, Nashville

☆ I tried 27 of Trader Joe's seasonal summer products, and there are only 6 I wouldn't buy again
▼ + stars: | 2024-06-13 | by ( Savanna Swain-Wilson | ) www.businessinsider.com time to read: +40 min

Read previewFrom versatile crispy jalapeño pieces to luscious Southern-style peach ice cream, Trader Joe's has plenty of seasonal items for the summer. As part of an ongoing series in which I review Trader Joe's seasonal products, I gave the chain's summer offerings a try. These crispy jalapeño pieces would elevate just about any summer mealI had heard great things about Trader Joe's crispy jalapeño pieces. No frozen treat is complete without one of Trader Joe's organic sugar conesThis sugar cone paired well with Trader Joe's peach-crisp ice cream. As my experience is with most Trader Joe's salad kits, I think it also could've used a lot more dressing.

Persons: —, Joe's, Wilson, arugula, I've, graham, shortbread, dill, Wilson I'm, doesn't, garlicky, you'd, hummus, Savanna, I'm salivating, I'm, crisps, they're, ravioli, I'd, morsel, didn't, soggy, It's, jalapeño, jalapeño crisps Organizations: Service, Business, Wilson, nacho, snacking Locations: Savanna, dill, Jolly, radicchio

☆ Billionaire investor Ryan Cohen beats Bed Bath & Beyond shareholder lawsuit
▼ + stars: | 2024-06-11 | by ( ) www.cnbc.com time to read: +2 min

Signage is displayed outside a permanently closed Bed Bath & Beyond retail store in Hawthorne, California, on May 1, 2023. The billionaire activist investor Ryan Cohen won the dismissal on Tuesday of a shareholder lawsuit accusing him of profitably cashing out of Bed Bath & Beyond shares too quickly as the home goods retailer was hurtling toward bankruptcy. Cohen revealed a 9.8% stake in Bed Bath & Beyond in March 2022 and pushed for changes that would include new directors and exploring a sale of the Buy Buy Baby brand. Bed Bath filed for bankruptcy in April 2023, and its common shares were canceled when its Chapter 11 plan became effective in September. The case is In re Bed Bath & Beyond Inc Section 16(b) Litigation, U.S. District Court, Southern District of New York, No.

Persons: Ryan Cohen, Dale Ho, Cohen, Lee Squitieri, Dave Wollmuth, Ho, Todd Augenbaum, Judith Cohen Organizations: Bed, U.S, GameStop, Forbes, Court, Southern District of Locations: Hawthorne , California, Manhattan, Chewy, Bed Bath, Southern District, Southern District of New York

☆ An inside look at the weekend the GameStop frenzy began on WallStreetBets
▼ + stars: | 2024-06-10 | by ( Nathaniel Popper | ) www.businessinsider.com time to read: +19 min

Like Tesla and Palantir, GameStop was a popular stock to short among hedge funds, though GameStop took it to a whole new level. "That's how I feel about these GME posts that are using the 'P' and get in so we can cause an 'S' words that are no-nos." That was enough to make WallStreetBets the seventh-largest holder of GameStop stock, ahead of some of the big Wall Street investment firms that had shown interest in the stock. AdvertisementOn WallStreetBets, Alzmann shared the growing evidence that Cohen was indeed planning to take a more active role at GameStop. AdvertisementBut when Cramer dug into the conversation happening around GameStop on WallStreetBets, he saw that something new and more sophisticated was happening.

Persons: GameStop, Jaime Rogozinski, Tesla, Jordan Zazzara, I've, Zazzara, Ryan Cohen, Andrew Left, ahem Citron, PLTR, here's, Citron, We're, WallStreetBets, Uberkikz11, I'm, Ryder, Rod Alzmann, Bolt, Alzmann, Kitty, Roaring Kitty, StockTwits, lockdowns, Nathaniel Popper, Harper Collins, Cohen, Jim Cramer, manipulatively, Cramer, who've, It's Organizations: GameStop, Sony, Business, Twitter, Gamestop, Virgin Galactic, Blockbuster, Netflix, Citron Research, Research, Vanguard, YouTube, Roaring, Roaring Kitty, Owls, WSB, shits, GME Owls, CNBC, Virgin, Street Books, HarperCollins Publishers, Misfits Locations: sweatpants, Tampa , Florida

☆ Stocks making the biggest moves midday: Abercrombie & Fitch, UnitedHealth, Netflix and more
▼ + stars: | 2024-05-29 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Abercrombie & Fitch — Shares popped 22% after the apparel retailer posted fiscal first-quarter sales that grew 22% from a year earlier. Netflix — Morgan Stanley reiterated its overweight rating on the streaming stock, leading shares 2% higher. According to the firm, Netflix can see strong double-digit revenue growth that should extend beyond the benefits it is seeing from its paid-sharing initiative. ConocoPhillips , Marathon Oil — The oil company slipped close to 4% in midday trading following news that ConocoPhillips is acquiring peer Marathon Oil in a $17 billion all-stock deal. Other stocks also tied to the government-run health insurance program, namely Molina Healthcare , Elevance Health and Humana , also slid during Wednesday's trading session.

Persons: Netflix — Morgan Stanley, Dick's, Marathon's, HubSpot, CNBC's David Faber, Chewy, — CNBC's Brian Evans, Hakyung Kim, Jesse Pound, Michelle Fox Organizations: Abercrombie, Fitch, Netflix, American Airlines, Dick's, LSEG, ConocoPhillips, Marathon, Google, HubSpot, Energy, UBS, Insurance, — Insurance, Molina Healthcare, Elevance, Humana

☆ Stocks making the biggest moves premarket: Marathon Oil, Robinhood, American Airlines, Chewy & more
▼ + stars: | 2024-05-29 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Dick's Sporting Goods — The sporting goods retailer popped 7.7% after reporting an earnings and revenue beat for its fiscal first quarter. It now expects earnings per share to be between $13.35 and $13.75, up from its prior range of $12.85 to $13.25. Robinhood — The stock broker shares jump 1.6% in premarket after the trading startup announced its first-ever share buyback plan. Chewy posted earnings per share of 15 cents, topping a FactSet estimate of just 4 cents per share. Cava — The stock fell 5% in premarket even though the restaurant chain posted earnings and revenue for the first quarter that topped expectations.

Persons: Dick's, Robinhood, Chewy, Cava, LSEG, CNBC's David Faber, Merck, —, Jesse Pound, Michelle Fox, Lisa Han, Sarah Min, Brian Evans, Hakyung Kim Organizations: ConocoPhillips —, Marathon Oil, Goods, LSEG . American Airlines —, United Airlines —, Jefferies, United Airlines, Google, HubSpot, Merck Locations: American, premarket

☆ Wednesday’s rapid fire: ConocoPhillips, American Airlines, Abercrombie & Fitch, Chewy and Cava
▼ + stars: | 2024-05-29 | 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 EmailWednesday’s rapid fire: ConocoPhillips, American Airlines, Abercrombie & Fitch, Chewy and CavaCNBC’s Jim Cramer on Wednesday offered his thoughts on the stocks of ConocoPhillips, American Airlines and more.

Persons: Cava CNBC’s Jim Cramer Organizations: ConocoPhillips, American Airlines, Abercrombie, Fitch, Wednesday Locations: Chewy

☆ Three-Stock Lunch: Dick's Sporting Goods, Cava & Chewy
▼ + stars: | 2024-05-29 | 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 EmailThree-Stock Lunch: Dick's Sporting Goods, Cava & ChewyWill McGough, Prime Capital Investment Advisors director of investments, joins 'Power Lunch' to discuss plays for three stocks, including Dick's Sporting Goods, Cava and Chewy.

Persons: Will McGough Organizations: Prime Capital Investment, Dick's Sporting Locations: Cava, Chewy

☆ Cramer says buy Conoco on Marathon deal weakness — but he's shocked by this tumbling stock
▼ + stars: | 2024-05-29 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

ConocoPhillips , Marathon Oil : Conoco shares fell 3% after the company said it planned to buy Marathon Oil in a deal $17.1 billion all-stock transaction. "Conoco is a very, very good company," Jim Cramer said, though he wondered whether U.S. antitrust regulators may heavily scrutinize the tie-up. "This deal makes a ton of sense, but I would buy Conoco over Marathon here." "Now, the can't-last theory is so stupid because what that says is, without doing any work, that stock can't be up 100%. "Cava is a great company," Cramer said.

Persons: Jim Cramer's, Jim Cramer, Cramer, Abercrombie, Fran Horowitz, she's, I'm Organizations: CNBC, Club, ConocoPhillips, Marathon, Airlines, Fitch Locations: Marathon, Texas

☆ Why Eli Lilly shares should be up on its latest news, plus Nvidia keeps rolling
▼ + stars: | 2024-05-28 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

"There's not enough money to take up Nvidia this much and the rest of the market," Jim Cramer said. 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. Jensen Huang, co-founder and CEO of Nvidia, during the Nvidia GPU Technology Conference in San Jose, California, on March 19, 2024.

Persons: Jim Cramer, Salesforce, CNBC's David Faber, Lilly, Eli Lilly, Cramer, Abercrombie &, Jim Cramer's, Jim, Jensen Huang, David Paul Morris Organizations: CNBC, Nvidia, Nasdaq, Management, Abercrombie, Abercrombie & Fitch, Chewy, Dick's Sporting Goods, Advance, Jim Cramer's Charitable, Technology, Bloomberg, Getty Locations: Informatica, HubSpot, Indiana, San Jose , California

☆ Three buys and a bail: Abercrombie, Chewy, Dick's Sporting Goods, Advance Auto Parts
▼ + stars: | 2024-05-28 | 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 EmailThree buys and a bail: Abercrombie, Chewy, Dick's Sporting Goods, Advance Auto PartsGina Sanchez, chief market strategist at Lido Advisors, joins CNBC's 'The Exchange' to discuss four stocks: Abercrombie, Chewy, Dick's, and Advanced Auto.

Persons: Abercrombie, Chewy, Gina Sanchez Organizations: Dick's Sporting Goods, Advance, Lido Advisors, Abercrombie

Shop at Walmart What we like Check mark icon A check mark. Local dimming for excellent contrast controlCheck mark icon A check mark. Shop at Mattress FirmFor a full breakdown of mattress deals, check out our guide to the best Memorial Day mattress sales. Shop at Amazon What we like Check mark icon A check mark. Shop at Amazon Shop at Kohl's What we like Check mark icon A check mark.

Persons: we've, you'll, you've, fryer, Braun, Fryer, Ninja's, Ninja, Crisp, Pick, It’s, Max, Casper, Pillow, Topper, Allbirds Organizations: Business, Apple, Day, Samsung, Walmart, Samsung TV, Amazon Sony, Amazon Samsung, Amazon, DreamCloud Sealy, Amazon ., Shop, Ninja, Sony, JBL Bluetooth, Amazon Beats, Amazon Apple, JBL, Haven, Elm, Flyers Locations: Brooklyn, France, Chewy

☆ Americans are expected to splurge on travel this summer — again
▼ + stars: | 2024-05-26 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities. “We haven’t seen Memorial Day weekend travel numbers like these in almost 20 years,” Paula Twidale, senior vice president at AAA Travel, said in a release. Spending this summer will likely be a little softer than last year’s, they said, but still strong. The bank’s consumer travel survey showed that 72% of people said they’re planning to travel, with 36% saying they’ve already planned their trip. Even among respondents making less than $75,000 a year, more than 60% said they’re planning to travel this summer.

Persons: ” Paula Twidale, Royal Caribbean’s, ” David Tinsley, they’ve, Joelle, aren’t, Dogecoin, Shiba Inu “, Atsuko Sato, ”, Sato, ” Kabosu, Kabosu, Shiba, Loretta Mester, Neel Kashkari, Lisa Cook, Robin, John Williams, Raphael Bostic, Lorie Logan Organizations: CNN Business, Bell, Washington CNN —, Transportation Security Administration, AAA, AAA Travel, Bank of America Institute, Bank of America, Japan, Europe, New York Fed, Public Policy Research, Mizuho Financial, Federal, Global, Index, Board, HP, Dick’s Sporting Goods, Abercrombie, Fitch, Eagle Outfitters, Costco, Dell, Dollar, Hormel, US Commerce Department, US Labor Department, National Association of Realtors, China’s National Bureau of Statistics, Atlanta Fed Locations: Washington, Caribbean, South Korea, Switzerland, Colombia, Costa Rica, Canada, Mexico, Domestically , California, Florida, California, “, Sakura, CAVA, Chewy, Burlington, Birkenstock, Nordstrom, Kohl’s

☆ The 3 best dog cooling mats and pads of 2024
▼ + stars: | 2024-05-24 | by ( Christy Caplan | Lisa Sabatini | ) www.businessinsider.com time to read: +13 min

Shop at Amazon Shop at Chewy What we like Check mark icon A check mark. AdvertisementBest for travelThe Green Pet Shop Cool Pet Pad The Green Pet Cool Pet Pad is the best mat for keeping dogs cool on the go. Most of the best dog cooling mats are too small for giant breeds, but the Arf Pets Pad is an exception. AdvertisementHow we tested the best dog cooling mats and padsI evaluated whether each mat could fit inside of a standard-sized dog crate. Christine Caplan/InsiderThe best dog cooling mats and pads in this guide were provided as editorial review samples by their manufacturers.

Persons: Walter, Krista Miller, Read, Christy Caplan, It's, Christine Caplan Organizations: Business, YouTube, Amazon Best, Shop Locations: Pacific

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