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I'm a trained chef and sommelier who loves shopping at Costco. Go to newsletter preferences Thanks for signing up! AdvertisementAs a graduate of The Culinary Institute of America and a certified sommelier, I live and breathe food. I've eaten at Michelin-star restaurants all over the world, and I'm always looking for high-quality ingredients to use in my own cooking. The store, known for maintaining a loyal customer following, offers lots of high-quality ingredients at affordable prices.
Persons: I'm, sommelier, Organizations: Costco, Service, The Culinary Institute of America, Michelin
Calls of the Day: Deckers, Costco, Lowe's, Cadence and Synopsys
  + stars: | 2024-10-22 | 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 EmailCalls of the Day: Deckers, Costco, Lowe's, Cadence and SynopsysThe Investment Committee debate the latest Calls Of The Day.
Organizations: Costco
Here are Tuesday's biggest calls on Wall Street: Loop initiates AppLovin as buy Loop said the software publisher is an "indispensable infrastructure for the mobile gaming industry." Citi upgrades First Solar to buy from neutral Citi said the solar company is a winner no matter who wins the election. KeyBanc initiates Zeta Global as overweight KeyBanc said the marketing software company has an attractive platform. Stifel initiates Braze as buy Stifel said the software company is best positioned. Stifel initiates Klaviyo as buy Stifel said it is bullish on the software company.
Persons: Bernstein, Mizuho, Jefferies, Tesla, Morgan Stanley, Apple, Meta, Redburn, KeyBanc, Stifel, Disney, JPMorgan downgrades Hertz, Itron Organizations: Costco, Walmart, omni, Citi, Democratic, Republican, Cadence, Apple, LT, Microsoft, " Bank of America, Meta, Bank of America, Zeta Global, ZETA, Disney, JPMorgan, Hertz Global Holdings, Jefferies, Guggenheim
Get ready to see AirPods at concerts
  + stars: | 2024-10-22 | by ( Jaures Yip | ) www.businessinsider.com   time to read: +3 min
Apple's hearing protection feature for AirPods Pro 2 rolls out with iOS 18.1 next week. The AirPods Pro 2 are also getting the ability to turn into hearing aids for people with mild to moderate hearing loss. Over-the-counter hearing aids can cost up to thousands of dollars, so Apple is looking to position the AirPods Pro 2 as a lower-cost option at $249. The US approved the sale of over-the-counter hearing aids in 2022 following the passage of the Over-the-Counter Hearing Aid Act of 2017 . Companies like Costco, Walmart, and Bose have since entered the market for over-the-counter hearing aids.
Persons: , you've, Taylor, Charlie XCX's, Apple, Bose Organizations: AirPods, Service, Apple, iOS, Apple Intelligence, Food and Drug Administration, Companies, Costco, Walmart
Bernstein is bullish on Costco due to its overlooked focus on international growth. Analyst Zhihan Ma initiated coverage with an outperform rating on the Washington-based company. "Despite its expensive valuation, we believe its international growth potential is underappreciated, which can support consistent earnings growth for decades to come," Ma told clients in a Monday note, in which she also called Costco the "highest quality company in our coverage." As the consumer gets increasingly choosy , Ma said Costco is also a preferable play because of its focus on value. Like her, the majority of analysts polled by LSEG have buy ratings on Costco.
Persons: Bernstein, Zhihan Ma, Ma, LSEG Organizations: Costco Locations: Washington
Under the terms of the deal, Costco will offer Peloton's Bike+ in 300 of its U.S. stores for $1,999, and on Costco.com for $2,199 between Nov. 1 and Feb. 15. Costco is one way to get there, Dion Camp Sanders, Peloton's chief emerging business officer, told CNBC in an interview. The deal with Costco gets Peloton onto the shelves of a retailer with a strong fan following and wealthier customers. According to Numerator, 36% of Costco's customers have a household income of more than $125,000. As of this month, hotel members can earn points for completing workouts on the Peloton Bike and Row during their stay.
Persons: Barry McCarthy, Long, Dion Camp Sanders, Peloton's, We've, Camp Sanders, Gary Millerchip, Costco's, they've, Merchandising Claudine Adamo, Truemed Organizations: Costco, CNBC, Merchandising, Dick's Sporting Goods, PayPal Locations: U.S
Sam's Club CEO Chris Nicholas tells BI he wants shoppers to have all three. The Grapevine Sam's Club is literally bristling with tech, not just in the form of the hulking blue AI-powered gateways. Sam's Club has also been a test-bed for retail concepts that eventually find their way into Walmart's 4,600 US stores and beyond. He, too, previously served as Sam's Club CEO. "My hope is that Sam's Club, when you shop, feels like what it's like to shop in the future.
Persons: Chris Nicholas, Nicholas, , Dominick Reuter, it's, Sol Price —, Sam Walton, Sam's, John Furner, Doug McMillon strolled, jogger sweatpants Organizations: Sam's, Service, Costco, Walmart, Shoppers, innovating, Grapevine Sam's, Business, Sam's Club Locations: Texas, Grapevine , Texas, Grapevine, Dallas, Walmart's
China on Friday reported better-than-expected retail sales and industrial production for September. Retail sales grew 3.2% from a year ago, better than the 2.5% growth estimated by analysts in an LSEG poll, the National Bureau of Statistics said. Meanwhile, industrial production expanded 5.4% in September from a year ago, more than the 4.5% expected by analysts. He noted that year-to-date retail sales data showed "cautious sentiment among consumers." From January to September, retail sales grew 3.35%, nearly same as the growth reported for January through August at 3.36%.
Persons: Gary Ng, Ng, , Bao Organizations: Costco, National Bureau of Statistics, Natixis, Investors Locations: Nanjing, Jiangsu Province, China . China, China, Beijing, Covid
Recently, though, they've found something new to love about the wholesaler: precious metals. But it's far from the first time precious metals have been in vogue, especially among people looking to invest in them. In other words, with platinum not having changed much in price during gold's recent rise, precious metals investors may be wondering if it's the next big thing. But potential investors in gold or platinum should know some key differences. How to invest in precious metals
Persons: they've, Costco's, Trevor Yates, Rob Haworth, They're, Yates Organizations: Costco, Global, U.S, Bank Wealth Management
As a New York City resident, I've been hesitant about becoming a Costco member. I finally joined over the summer and decided to compare city and suburb locations. Go to newsletter preferences Thanks for signing up! AdvertisementI now live in New York City and, after joining Costco, assumed I would order products online. Still, I needed to know: Is a New York City Costco the same as the suburban Costco I've visited in the past?
Persons: I've, , Zers, Costco's, Gary Millerchip, Insider's Dominick Reuter, Costco I've Organizations: New, Costco, Service, New York City Costco Locations: New York City, Long, , New York, New Orleans, Manhattan, East Harlem, Westbury, Here's
I live two hours from Costco, so when I go there, I stock up on necessities and a few fun items. Go to newsletter preferences Thanks for signing up! AdvertisementA few years ago, I moved from my native California to the Florida Keys to scuba dive and live a relaxed life. As a Florida Keys resident, I don't have access to many big-box stores where I can buy my groceries in bulk. So, I drive two hours to a Miami-based Costco to stock up on necessities and a few splurges.
Persons: Organizations: Costco, Service, Florida Keys Locations: California, Florida, Miami
Akshay Bhardwaj, the executive chef at Junoon, shared tips for making the perfect butter chicken. But it first found its footing as "butter chicken" in the US at Manhattan's now-closed Gaylord Indian Restaurant in 1975. AdvertisementWhile growing up in Queens, New York, Bhardwaj learned there are many variations of butter chicken. AdvertisementBusiness Insider spoke to Bhardwaj via video call to ask for his advice on recreating a restaurant-style butter chicken at home. Here are his top nine tips for making the perfect butter chicken at home.
Persons: Akshay Bhardwaj, , New York City's, Joe's, Bhardwaj Organizations: Service, New York, Gaylord Indian, Costco, Manhattan, Michelin Locations: New, India, Manhattan's, Queens , New York, North India, West
Mounting geopolitical tensions and a tight presidential election may intensify market volatility in coming weeks, but high-quality growth stocks may prove a useful way for investors to hedge against any future uncertainty, according to Trivariate Research. October is a historically volatile month for stocks , and this week alone has seen the market seesaw. "It now seems the market has come full circle," Trivariate Research founder and CEO Adam Parker wrote in a recent research note to clients. "It is much easier to buy and hold growth stocks, and it requires less arrogance in predicting the unknown than it used to. Wholesale retailer Costco and hotel giant Hilton are two other growth names that Parker listed.
Persons: Adam Parker, Parker, Morgan Stanley, Eli Lilly, Lilly Organizations: Research, Dow Jones, Dow, Adobe, Wholesale, Costco, Hilton Locations: U.K, Wednesday's
Here's a rapid-fire update on all the stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Broadcom: Of course, we love the company's AI business — both its custom silicon solutions for companies such as Alphabet and its networking chips that help stitch data centers together. Stanley Black & Decker: Jim said that this stock is the "most significant beneficiary" from lower rates in the entire portfolio. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, Jim, there's, Lisa Su, Wells, Salesforce, CrowdStrike, it's, we've, Walt Disney, , Eaton, we're, Kamala Harris, Harris, Jim's, Linde, Eli Lilly, Lilly isn't, That's, Morgan Stanley, Goldman Sachs, D.A, Satya Nadella's, Palo, cybersecurity, Brian Niccol, We're, Stanley Black, Decker, TJX, Charlie Scharf, Wells Fargo's, Jim Cramer, Angela Weiss Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple Intelligence, Abbott Laboratories, Devices, AMD, Nvidia, Broadcom, Apple, Federal Reserve, Costco Wholesale, Costco, Coterra, DuPont, Disney, ESPN, GE Healthcare, Democratic, Biden, Honeywell, Linde, Adobe, Microsoft, Davidson, Palo Alto Networks, Constellation Brands, Modelo, Corona, TJX, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: Wells Fargo, BlackRock, Dover, Eaton, China, U.S, Chipotle, New York City
The owner of Lay’s, Doritos, Tostitos and Ruffles chips will put more chips in some bags to claw back customers tired of higher prices with skimpier bags. A PepsiCo spokesperson told CNN that Tostitos and Ruffles “bonus” bags will contain 20% more chips for the same price as standard bags in select locations. PepsiCo is also adding two additional small chip bags to its variety-pack option with 18 bags, the spokesperson said. It’s a reversal of years of shrinking bags of Tostitos, Ruffles and other chip brands. Snack prices have gone up more rapidly than other store items.
Persons: , Ramon Laguarta, Edgar Dworsky, Dworsky, ” Dworsky, PepsiCo’s, Chip, Robert Moskow, Cowen, Moskow, Joe Biden, General Mills, shrinkflation, Domino’s, Sandeep Reddy Organizations: New, New York CNN, PepsiCo, CNN, Walmart, Costco, Bank of America, Bureau of Labor Statistics, Consumers, General, Locations: New York, United States, outpacing, Mondelez
Why your drug store is closing
  + stars: | 2024-10-16 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +5 min
What is going on with America’s drug stores? Meanwhile, increased competition and failed growth strategies, like acquiring primary care providers, continue to have reverberating impacts on drug stores. Shifting trendsDrug store chains are struggling because of lower reimbursement rates for prescription drugs, according to analysts who cover the industry. A customer walks to a Walgreens store in Wheeling, Ill., Tuesday, Oct. 15, 2024. Dollar General’s growth has also hurt drug store chains in rural areas.
Persons: Tim Wentworth, , ” Wentworth, Elizabeth Anderson, PBMs, ” Anderson, Nam, VIllageMD, Brendan Smialowski Organizations: New, New York CNN, CVS, Walgreens, Wall Street, IRI, CNN, Amazon, Walmart, Costco, American Medical Association Locations: New York, Wheeling , Ill, VillageMD, Washington ,, AFP
The vast majority of analysts surveyed by FactSet hold a strong buy or buy rating on the stock. Despite its recent slowdown, analysts surveyed by FactSet have a consensus buy rating on the dominant e-commerce platform. Bullish voices on the stock include Goldman Sachs analyst Eric Sheridan, who recently reiterated a buy rating and $230 price target. JPMorgan's Anmuth is similarly positive on Amazon ahead of earnings, rating the stock overweight and saying it remains the favorite in the bank's firm's internet sector coverage. The consensus FactSet rating on Meta is buy, with an average price target of $604, suggesting just 2.3% potential upside.
Persons: Roundhill, , selloff, Goldman Sachs, Kash Rangan, Nvidia's Blackwell, Brad Zelnick, Amit Daryanani, Daryanani, Apple's wearables, qtr, Tim Cook's, you'd, Morgan Stanley, Jensen, Blackwell, Biden, Tesla, enthusiam, Elon, Wells, Colin Langan, Department's, Doug Anmuth, Bank of America's Justin Post, Eric Sheridan, Sheridan, Goldman, Anmuth, Baird, Roth MKM, JPMorgan's Anmuth, Goldman's Sheridan, Meta's, — CNBC's Michael Bloom Organizations: Apple, Microsoft, Nvidia, Tesla, CNBC, Windows, Investment, Deutsche Bank, Justice Department, Blackwell, Bloomberg, Ford, General Motors, EV, Google, FactSet, Bank of America's, ISI, Walmart, Costco, eBay, Meta, Ray, Labs, Facebook, Temu, Goldman Locations: China, FactSet, ., Downside, U.S, Wells Fargo, American, Meta's Asia, Pacific
Getting ready for the "two problematic stories," Wells Fargo and JPMorgan , which came later in the morning, took some real digging. ET – Wells Fargo shares turned and started inching up. With what you saw in Wells Fargo and JP Morgan on Friday. Think like this: When the psychology of the market changes, people don't want to bang out of Wells Fargo, they want to get in. But there is no doubt that Wells Fargo at 11 times forward earnings now seems a little silly given that the background is so positive.
Persons: Larry Fink, Wells, Wells Fargo, Charlie Scharf, Jamie Dimon, Jeff Marks, JP Morgan, Scharf, It's, Warren Buffett, Morgan Stanley, Eli Lilly, haven't, Jim Cramer's, Jim Cramer, Jim, Squawk, Virginia Sherwood Organizations: BlackRock, JPMorgan, Wall, Club, Wells Fargo, Elon, SpaceX, Federal, New York Stock Exchange, Fed, Bank of America, Boston, Walmart, Costco, Semiconductors, Enterprise, JFrog, Microsoft, , Dow, Jim Cramer's Charitable, CNBC Locations: Wells Fargo, NII, U.S
For a smaller hatchback, the Equinox EV impressed me with its cargo space. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChevrolet is pitching the Equinox EV as an option for today's more practical electric vehicle shopper. So, when I got the chance to drive the $46,595 Equinox EV for a week, I wanted to test the practicality of Chevy's newest electric car with my partner and our two-year-old son. But the Equinox EV slotted pretty seamlessly into our busy life.
Persons: , Steve Majoro, Ann Arbor Organizations: Equinox, Service, Chevrolet's Locations: Detroit, Ann
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. With third-quarter earnings starting in earnest Friday, Jim Cramer urged investors to keep their "eye on the prize." 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, Jim, Eaton, he's, he'd, Hurricane Helene, Stocks, Jim Cramer's, DOV Organizations: CNBC, Wells, JPMorgan, Honeywell, Costco, Delta Air Lines, Nike, Pfizer, DD Locations: Dupont, Dover, U.S
Costco shoppers stocked up on supplies in anticipation of the US port strike and Hurricane Helene. The quick resolution to the port strike will likely minimize the disruption to the flow of imports. AdvertisementShoppers turned to Costco to prepare ahead of hurricanes and the US port strike. In a quirk of Costco bookkeeping, the final week of the retailing month of September actually ended on October 6. AdvertisementThe stoppage was relatively short-lived, and those preparations could minimize disruption for Costco as the ports work through any remaining backlogs.
Persons: Costco, , Hurricane Helene, Helene, Milton, we've, Ron Vachris, We've Organizations: Costco, Service, Shoppers Locations: U.S
This month, Costco is carrying a new bakery item and some treats for Halloween. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementI've worked at Costco for 19 years, and if you ask me, the store is a leading retailer in customer satisfaction for a reason.
Persons: , I've Organizations: Costco, Service
Nvidia stock climbed 4% on Tuesday, extending its rally to 14% in five days. The chipmaker's market value soared by $400 billion — more than Costco is worth. Its $400 billion increase in value within a week is worth underscoring. Costco, which generated $254 billion of revenue and $7.4 billion of net income last year, is worth less than that. There's been no greater beneficiary than founder and CEO Jensen Huang, whose net worth has ballooned from about $14 billion to $106 billion in under two years.
Persons: Jensen Huang, Blackwell, , There's, Amancio Ortega, Michael Dell, Huang, Elon Musk, Mark Zuckerberg, OpenAI's Sam Altman, Oracle's Larry Ellison, Microsoft's Satya Nadella, Andy Jassy, Alphabet's Sundar Pichai Organizations: Costco, Nvidia, Service, Microsoft, Apple, Bloomberg, Big Tech
Jeffrey Talajic, who runs MagicTripTools.com, analyzed Florida park prices at Walt Disney World and Universal Resort Orlando going back to 1990, using data from the Orlando Sentinel newspaper. Talajic found that Disney World raised prices 22 out of the past 35 years, and Universal raised theirs 23 times. Jeffrey Talajic/MagicTripTools.comMindy Marzec, who runs the travel website thisfairytalelife.com, said she always jokes that three things in life are certain: death, taxes and Disney parks raising ticket prices. In Florida, guests can save between $60 and $200 per night on Disney World ticket and hotel packages for much of the first half of 2025. Another deal on the Disney World website offers hotel discounts between 10% and 25% on many dates from January through April.
Persons: Jeffrey Talajic, , Jessica Good, , Walt, Price, Talajic, Universal, Mindy Marzec, Marzec, ” Marzec, wouldn’t, he’s, ” Gavin Doyle –, , ” Doyle, ” Talajic, bookable Organizations: CNN, Disneyland –, Disneyland, Disney, Disneyland Resort, Walt Disney, Walt Disney World, Universal Resort Orlando, Orlando Sentinel, Universal, Animal, Costco, Southern, Disney Food Locations: California, Florida, Anaheim, Southern California, Magic Kingdom
The holiday shopping season continues to start earlier in the year, thanks largely to Amazon. Amazon's 48-hour deals event is underway, along with competing sales by the major retailers. The holiday shopping season is underway earlier than ever, thanks largely to Amazon moving up its Prime Day deals event. Target kicked off the sequence early on Sunday with its Circle Week, while Walmart's Deals event gets underway online on Tuesday and in stores on Wednesday. What better way for retailers to tap into those trends than to invent a holiday that celebrates deals and kicks off a whole season of festivities?
Persons: Organizations: Target, Costco, Service
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