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The House Ethics Committee weighs releasing their report on Matt Gaetz. And Susan Smith, who made headlines for killing her sons 30 years ago, is up for parole. The Ethics Committee has jurisdiction only over sitting members of Congress, Johnson argues. But there is precedent for the Ethics Committee to publish reports after a member of Congress has resigned. Susan Smith up for parole 30 years after killing her sonsSusan Smith leaves court after a hearing in Union, S.C., in 1995.

Persons: Matt Gaetz, Susan Smith, Donald Trump, Gaetz, Susan Wild, Joel Leppard, Mike Johnson, Trump, Johnson, Read, Mike Cavanaugh, ”, Vladimir Putin, Brooks Kraft, Smith’s, Michael, Alex, Smith, Rafael Nadal, Jay Leno, Barbara Gauntt, Chokwe Antar Lumumba, Lumumba, — Bracey Harris Organizations: Comcast, Justice Department, Republicans, Democrats, Gaetz, MSNBC, Syfy, Golf, CNBC, Oxygen, NBC News, NBC, Bravo, United, Brooks, Brooks Kraft LLC, Getty, South, Davis, Mississippi State Capitol, Clarion, Ledger, Residents Locations: Florida, USA, U.S, Kyiv, United States, Ukrainian, Russian, Ukraine, Union, South Carolina, Northern California, Pacific, California, Jackson

☆ Greeks go on general strike demanding higher pay
▼ + stars: | 2024-11-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

ATHENS — Ships docked at Greek ports, and railway and bus services were disrupted on Wednesday as transport workers, hospital doctors, school teachers together with construction workers joined a nationwide strike to protest squeezed living standards and demand higher pay. Many Greeks saw their wages and pensions slashed in return for bailouts worth 280 billion euros ($297 billion) during a 2009-2018 debt crisis which shaved a quarter off Greece’s economic output and nearly pushed the country out of the eurozone. Workers were expected to protest in central Athens later on Wednesday. The strike comes as the government submits later on Wednesday its final 2025 budget to the 300-seat parliament for debate before a vote due next month. The draft budget sees economic growth of 2.3% next year and higher tax revenues thanks to expanding digital payments and booming property sales.

Persons: Kyriakos Mitsotakis, ”, Greece —, Mitsotakis Organizations: ATHENS — Ships, Workers Locations: ATHENS, Greece, Athens

Comcast is expected to announce a plan Wednesday to spin off its cable networks into a separate company, two people familiar with the matter told NBC News. Comcast had announced during its quarterly earnings call in October that it was considering spinning off its cable networks. Bravo will remain part of Comcast’s NBCUniversal because its content is heavily featured on Peacock, CNBC reported. Comcast Chairman and CEO Brian Roberts will have a voting position in the new entity, but he won't be on the board of directors, CNBC reported. Executive Vice President Adam Miller will become NBCUniversal’s chief operating officer, CNBC reported.

Persons: Mike Cavanagh, Peacock, Peacock's, Mark Lazarus, Anand Kini, Brian Roberts, Donna Langley, Matt Strauss, Cesar Conde, Adam Miller Organizations: Comcast, NBC News, MSNBC, Syfy, Golf, CNBC, Oxygen, Wall Street Journal, NBC, NBCUniversal, Bravo, Paris, NBCUniversal Entertainment, Studios, NBCUniversal Media Group, Group, Telemundo Locations: USA, NBCUniversal

☆ Jim Cramer says he's feeling even more confident in Apple's future. Here's why
▼ + stars: | 2024-11-20 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Jim Cramer said Wednesday he's feeling even better about Apple after a new piece of Wall Street research. "This piece makes me feel more confident [about Apple]," Jim said Wednesday. "They are transitioning in a very deft way from making China by far their biggest market to India," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. An Apple logo is displayed on a smartphone with stock market values in the background.

Persons: Jim Cramer, Bernstein, Toni Sacconaghi, —, Jim, Donald Trump's, Jim Cramer's Organizations: Apple, JPMorgan, Apple's, F1Q25, UBS, Apple Intelligence, CNBC, Getty Locations: China, India, Philippines, Indonesia

☆ Nvidia says it will sell more of its next-generation Blackwell chips than previously anticipated
▼ + stars: | 2024-11-20 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Those hopes fall on Blackwell, which is Nvidia's name for a family of server products based around its next-generation AI chip. Some of Nvidia's most important end-customers have already received some Blackwell chips, the company confirmed on Wednesday. "We will we'll ship more Blackwells next quarter than this [quarter], and we'll ship more Blackwells the quarter after that than than our first quarter," Huang said. A limiting factor to producing more Blackwell systems is the amount of components that Nvidia's suppliers can provide, Huang said. As Blackwell rolls out, Nvidia's current AI chips, which it calls Hopper, will be relegated to serving AI models, not creating new ones.

Persons: Jensen Huang, Colette Kress, Blackwell, Huang, OpenAI, Hopper, Chris Rolland Organizations: NVIDIA, Center, Blackwell, Nvidia, Microsoft, Oracle, SK Hynix, Micron, Amazon Locations: Washington , DC, Nvidia's, Vertiv

☆ Welcome to the shopping mall for the TikTok era
▼ + stars: | 2024-11-20 | by ( Dan Whateley | Amanda Perelli | ) www.businessinsider.com time to read: +6 min

A new brick-and-mortar store from the e-commerce startup Outlandish is bringing to life the world of TikTok Shop. In addition to TikTok Shop, Outlandish has experience working with brands to help them sell on Douyin and other social apps. Other TikTok Shop sellers have experimented with adding livestreaming spaces to their storefronts, such as the New York-based pre-owned luxury store What Goes Around Comes Around. Outlandish, which began in 2018 as a social shopping agency in China, is an official TikTok Shop partner. If that does happen, August said Outlandish's Santa Monica sellers could pivot to livestreaming on other platforms.

Persons: Anker, TikTok, Allison Wise, Amanda Perelli, William August, ByteDance, it'll, Outlandish's, Outlandish's Santa Monica Organizations: Goli, QVC, TikTok, US, Congress Locations: Los Angeles, China, Santa Monica's, influencers, Santa Monica, Asia, Los Angeles and New York, Mexico, Spain, America, New York, Santa, Outlandish's Santa, livestreams

☆ Target shares plummet 18% in premarket trade as it posts disappointing earnings and cuts guidance
▼ + stars: | 2024-11-20 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

The retailer cut its full-year financial guidance and reported sales growth of just 0.3%. Target shares plunged as much as 18% in premarket trading after the retailer posted disappointing third-quarter earnings and lowered its financial guidance for the year. On Wednesday, Target reported adjusted earnings per share of $1.85, down just under 12% year-over-year. AdvertisementIn the release, Target also cut its full-year financial guidance, saying it expects earnings per share of between $8.30 and $8.90. At its second-quarter earnings in August, the retailer said it expected full-year EPS of between $9 and $9.70.

Persons: Brian Cornell Organizations: Analysts, Revenue, Target Corporation, Target, Walmart, Costco

☆ How much of Musk’s wealth comes from tax dollars and government help?
▼ + stars: | 2024-11-20 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

Government crucial to Musk’s net worthIt’s worthwhile to ask just how much of his world-leading net worth comes from government help over the last 10 to 15 years. Tesla and SpaceX got started – and survived their early days – with assistance from state and federal policies, government contracts and loans. Tesla buyers received federal tax credits worth an estimated $3.4 billion before the perk disappeared entirely for Tesla buyers at the end of 2019. “Take away the subsidies, it will only help Tesla,” Musk posted on his social media platform X in July. According to USASpending.gov, the government database that tracks federal spending, SpaceX has signed contracts worth nearly $20 billion.

Persons: New York CNN — Elon Musk, Donald Trump, Musk, ”, Daniel Ives, SpaceX doesn’t, Tesla’s, Noah Berger, Tesla, Trump, ” Musk, Elon Musk, Frederic J . Brown, Ives, Brandon Bell, USASpending.gov, Casey Dreier, ” Dreier, “ Elon, Dreier, CNN’s Jackie Wattles Organizations: New, New York CNN, SpaceX, Trump, Government, Wedbush Securities, Reuters, Department of Energy, Biden, US, Tesla, Getty, NASA, International Space, Planetary Society Locations: New York, Fremont , California, Hawthorne , California, AFP, Brownsville , Texas, Russia

☆ We're changing our price target on TJX despite the retailer's light guidance
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: +6 min

We're raising our TJX price target to $135 per share from $130. The combined T.J. Maxx and Marshalls business unit was impacted by temporary closures resulting from hurricanes Helene and Milton. Guidance TJX sees fiscal 2025 fourth quarter EPS in the range of $1.12 to $1.14, which is below the $1.17 expected. Outside of North America, T.J. Maxx is known as T.K. North Miami Beach, Florida, T.J. Maxx & HomeGoods discount department store, furniture display and welcome sign.

Persons: HomeGoods, Ernie Herrman, Helene, Milton, TJX, Herrman, John Klinger, —, Klinger, Maxx, Jim Cramer's, Jim Cramer, Jim, Jeff Greenberg Organizations: TJX Companies, TJX, Marshalls, Ross Stores, Burlington Stores, CNBC, North, Maxx, Getty Locations: Maxx, HomeGoods, Canada, United States, Spain, North America, North Miami Beach , Florida

☆ Stock futures are little changed, Nvidia shares slip after earnings report: Live updates
▼ + stars: | 2024-11-20 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures are near flat Wednesday night as investors parsed the all-important earnings release from artificial intelligence darling Nvidia . Investors kept a close eye on after-the-bell earnings from Nvidia, the chipmaker that has dazzled Wall Street for more than a year as a key AI beneficiary. While the company beat expectations for the third quarter and issued strong guidance, shares shed more than 1%. On the other hand, Snowflake jumped more than 19% after the data analytics software company beat expectations for the third quarter. That action follows a mixed day on Wall Street, with the S&P 500 ending near flat.

Persons: University's, Snowflake, Dow, Beth Hammack, Austan Goolsbee, Jeff Schmid Organizations: New York Stock Exchange, Stock, Nvidia, Dow Jones Industrial, Nasdaq, Investors, Dow, University's Stern School of Business, Traders, Cleveland Federal, Chicago Fed, Kansas City, Intuit Locations: New York City, New

☆ McDonald’s has temporarily stopped selling espresso drinks at some US locations
▼ + stars: | 2024-11-20 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —A machine is giving McDonald’s a headache, and this time it’s not the one that makes ice cream. Melitta, the manufacturer of the $3,000 espresso machine, informed customers of a problem with the equipment, forcing McDonald’s to temporarily decommission them while the issue is resolved. As a result, McDonald’s customers can’t order its espresso-based drinks, including frappés and Americanos. The chain recently launched a spinoff restaurant called CosMc’s that focuses on specialty coffee drinks. “One area of focus has been identifying ways for McDonald’s to participate in attractive and fast-growing categories … we’ve honed in on specialty beverages and coffee,” McDonald’s CEO Chris Kempczinski previously said.

Persons: McDonald’s, Melitta, ”, it’s, Chris Kempczinski Organizations: New, New York CNN, CNN Locations: New York, Atlanta, Dallas, Pittsburgh , New York, Tampa , Florida

☆ Goldman thinks Nvidia is going to beat and so does the options market
▼ + stars: | 2024-11-20 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Nvidia is set to report fiscal third-quarter results after the stock market closes Wednesday. If the options market is any guide, the results could spark a big move higher, according to Goldman Sachs. Analyst John Marshall said options are implying an 8.3% move in either direction for Nvidia. Marshall said the Wall Street bank expects Nvidia to beat third-quarter expectations driven by strong double-digit data center revenue growth. Elsewhere this morning on Wall Street , Pivotal Research hiked its price target on Netflix to $1,100 — the highest on Wall Street.

Persons: Goldman Sachs, John Marshall, Goldman, Marshall, Tyson, Paul, Jeffrey Wlodarczak Organizations: Nvidia, LSEG, Blackwell, Netflix

☆ Treasury yields rise as investors weigh geopolitical tensions, economic data
▼ + stars: | 2024-11-20 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by over four basis points to 4.4178%. The 2-year Treasury yield was last trading at 4.2932% after rising by more than two basis points. U.S. Treasury yields were higher on Wednesday as investors considered the geopolitical situation and assessed the latest economic data. Elsewhere, investors weighed the latest economic data, with new housing starts falling short of expectations in October, and building permits slipping month over month, according to data published Tuesday. Later in the week, investors will be watching out for October's flash purchasing managers' index reports from S&P Global for the services and manufacturing sector.

Persons: Vladimir Putin, Donald Trump's Organizations: Treasury, U.S, Investors, Global, Federal Reserve Locations: Russia, Ukraine, U.S, Ukraine's, Kyiv

☆ Nvidia's earnings cleared our lofty bar. Here’s our new price target on the AI chip king
▼ + stars: | 2024-11-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Simply put, the leading maker of AI chips again fell victim to the curse of high expectations. Through its Nvidia AI Enterprise service, Nvidia is in the process of building out a potentially massive software business. Now, as we start this next generation, we'll be seeing models run on 100,000 Blackwell chips — and scaling is still in effect. Huang's argument is that going beyond 100,000 Blackwell chips will yield even more capable models. It's a fair question to ask because Nvidia's stock has historically taken a pretty big hit when its customers – such as cloud-computing providers – start uttering that phrase.

Persons: That's, Nvidia's, Blackwell, Colette Kress, Hopper, Kress, Jensen Huang, Huang, there's, Jim Cramer's, Jim Cramer, Jim, Akio Kon Organizations: Nvidia, Revenue, Enterprise, Devices, Intel, Hopper, Blackwell, Microsoft, Meta, CNBC, Nvidia Corp, Summit Japan, Bloomberg, Getty Locations: U.S, Tokyo, Japan

☆ Burberry shares are down 40%. One hedge fund manager says the stock offers 'good value' right now
▼ + stars: | 2024-11-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Luxury retailer Burberry 's shares present an attractive investment opportunity after the company revealed a new turnaround strategy, according to hedge fund manager David Neuhauser. The stock, which is also traded in the U.S. and Germany, remains down around 40% year-to-date, however. UBS said Burberry was the only luxury retailer not to report "weak organic sales growth" in the latest quarter. "I think Burberry has a good turnaround in place with a new CEO," Neuhauser added, while cautioning that the recovery might take longer than expected. "I think over some time, a good turnaround by Burberry, with strong leadership, could really see the stock price increase.

Persons: David Neuhauser, Neuhauser, CNBC's, Livermore, they're, Zuzanna Pusz, Burberry, –, Joshua Schulman, Rogerio Fujimori, Adam Cochrane, FactSet, — CNBC's Karen Gilchrist Organizations: Burberry, Livermore Partners, UBS, Deutsche Bank, Stifel Locations: London, U.S, Germany, Asia, Swiss

☆ No. 1 skill you need to run a money-making side hustle: ‘A gigantic portion of’ your success depends on it, says expert
▼ + stars: | 2024-11-20 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

More than a third of all U.S. adults have a side hustle, recent data shows. The people who make the most money have something in common: lots of emotional intelligence. "A gigantic portion of [side hustle] work involves emotional intelligence pretty heavily," says M.K., who ran Austin-based customer experience consulting firm The Heart Company for eight years before joining Indeed. The more you understand what other people need in their lives, the more you can build your product or service to be a useful solution, he notes. "I think [emotional intelligence] is going to be a big pillar of the future of work, especially with AI taking care of a lot of operational things," M.K.

Persons: Kyle M.K, they'll Organizations: The Heart Company Locations: Austin

☆ Ford to cut 14% of European jobs, blaming EV shift and rising competition
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: +2 min

Ford Explorer electric cars are parked on car transporters on the Ford factory premises. It is the first electric car from Ford in Europe. The US car manufacturer Ford wants to cut 2,900 jobs in Germany by the end of 2027 in order to reduce costs. Ford said on Wednesday it would cut around 14% of its European workforce, blaming significant losses in recent years compounded by weak demand for electric vehicles, a lack of government support for the shift to EVs, and rising competition. The European Union has slapped tariffs on Chinese-made EVs, saying they benefit from unfair subsidies from China's government.

Persons: Ford, Donald Trump, John Lawler Organizations: Ford, Nissan, Volkswagen, European Locations: Ford, Europe, Germany, U.S, China, United Kingdom, Berlin

☆ Nvidia's answers to these 3 questions will impact where the red-hot stock goes next
▼ + stars: | 2024-11-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

"There's two things you need to know about Nvidia," Jim continued. Here's a closer look at a few key questions surrounding Nvidia's fiscal 2025 third-quarter report and the subsequent conference call at 5 p.m. Nvidia's triple-digit revenue growth in recent quarters is widely expected to moderate due to the law of large numbers. 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: you've, ChatGPT, Jim Cramer, Jim, there's, Blackwell, Jensen, Blackwell pushouts, we're, We're, we've, Hopper, —, Gross, Huang, Colette Kress, Nvidia, Kress, Jim Cramer's, Jensen Huang, Sam Yeh Organizations: Nvidia, Apple, AMD, Blackwell, Analysts, Truist Securities, Bank of America, Susquehanna, Microsoft, Meta, Sovereign, Evercore, Enterprise, CNBC, AFP, Getty Locations: CQ4, Japan, Indonesia, India, Denmark, Taipei

☆ Ram’s first electric truck has been delayed
▼ + stars: | 2024-11-20 | by ( ) edition.cnn.com time to read: +3 min

Reuters —Stellantis said on Tuesday it will deploy a new vehicle system that will support assembly of gasoline, hybrid and electric models, but in a sign of how turbulent the electric-vehicle transition is, the automaker also delayed production of Ram electric pickup trucks. Tavares said the automaker is delaying production of its electric Ram pickups until the first half of 2025 from this year, citing the need to ensure quality. The global industry faces even greater uncertainty around EV demand if U.S. President-elect Donald Trump carries out plans to unravel various incentives around EV production and sales. Battery electric vehicles on Frame will have up to 500 miles (805 km) of range, and it will offer a 14,000-pound (6,350-kg) towing capacity, the company said. It will also support hydrogen and extended-range electric vehicles.

Persons: Reuters — Stellantis, ”, Carlos Tavares, Tavares, Stellantis, Donald Trump, Ram Organizations: Reuters, Ford, General Motors, GM, Jeep, Battery Locations: Italian, Detroit, U.S, Europe, North America

☆ CNBC Daily Open: Anticipation over Nvidia’s earnings overshadows geopolitical risks
▼ + stars: | 2024-11-20 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

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. Russia warns of nuclear responseUkraine "struck a facility in [the] Bryansk region" of Russia using six U.S.-made missiles, said Russia's Ministry of Defense. On Tuesday, Russian President Vladimir Putin updated the country's nuclear doctrine, expanding the circumstances that would warrant a response using nuclear weapons. Markets recovered from jittersU.S. markets mostly closed higher on Tuesday after dipping in response to news of heightened geopolitical tensions.

Persons: Vladimir Putin, Cristiano Amon's, Atomico, Goldman Sachs, David Kostin Organizations: CNBC, Ministry of Defense, Micro Computer, Eurostat, Qualcomm Qualcomm, Qualcomm, Venture Locations: Russia, Ukraine, Bryansk, jitters U.S, New, Europe, Tuesday's, U.S

☆ Nvidia earnings live updates: Wall Street watching consumer demand for Blackwell chips
▼ + stars: | 2024-11-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +1 min

CFRA Research says investors should temper expectationsJustin Sullivan/GettyAccording to CFRA Research analyst Angelo Zino, investors should manage expectations around guidance for Nvidia's highly anticipated Blackwell launch. Still, Zino expects Blackwell chips will be sold out for much of 2025. "We expect Blackwell to be supply constrained through CY 25, given heightened demand from hyperscalers to support next-generation data centers. In addition to Blackwell expectations/performance concerns that will likely dominate NVDA's Q&A session on the call, we expect investors to dissect any comments on tariffs/Sovereign AI after Trump's victory," Zino said. CFRA Research rates Nvidia at "Buy" with a $160 price target.

Persons: Justin Sullivan, Getty, Angelo Zino, Blackwell, Zino Organizations: CFRA Research, Sovereign, CFRA, Nvidia

☆ Oppenheimer's top stock picks heading into year-end
▼ + stars: | 2024-11-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Meanwhile, the Dow Jones Industrial Average and the S & P 500 are each up more than 3% month to date. As November nears its close, Oppenheimer has updated its top stock ideas list. Its $145 price target reflects almost 22% upside from Tuesday's close. Oppenheimer believes medical technology company Transmedics is also due for a rally, as its $125 target reflects nearly 51% upside from Tuesday's close. TMDX YTD mountain TMDX, year-to-date For newly added Citigroup, Oppenheimer's $107 target implies more than 56% upside from Tuesday's close.

Persons: Stocks, Donald Trump's, Oppenheimer, Rob Lynch, Brian Bittner, Suraj Kalia Organizations: Oppenheimer, Nasdaq, Dow Jones Industrial, Citigroup, Oppenheimer's Locations: Instacart

☆ Utah Hockey Club is beefing up Salt Lake City's roster as a sports hub
▼ + stars: | 2024-11-20 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Salt Lake City checked all the boxes for a new professional sports team — particularly in the National Hockey League. Salt Lake City kicked off its first season in the NHL this year after the Utah Hockey Club relocated from Phoenix. The early excitement of the fanbase, marked by sellout crowds and high merchandise sales, is solidifying Salt Lake City as a sports market. So far, every one of the 11,131 unobstructed view seats at Delta Center has been sold out, according to the Utah Hockey Club. The Utah Hockey Club generated the highest retail sales on its opening night of any hockey team this season, including the Florida Panthers, the 2023-24 Stanley Cup champions, according to the Utah Hockey Club.

Persons: Ryan Smith —, Ryan, Ashley Smith, Smith, Gary Bettman, —, Chad Hutchinson, Hutchinson Organizations: National Hockey League, Salt Lake City, NHL, Utah Hockey Club, National Basketball, Utah Jazz, Major League Soccer's, National, Soccer League's Utah Royals, Smith Entertainment Group, Arctos Partners, Delta Center, Delta, NBA, Florida Panthers, Utah Hockey Club's, Vegas Golden Knights Locations: Salt Lake City, U.S, —, Salt Lake, Phoenix, Salt, Utah

☆ Stocks making the biggest moves midday: Target, Nvidia, AppLovin, Williams-Sonoma and more
▼ + stars: | 2024-11-20 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Williams-Sonoma earned $1.96 per share on $1.80 billion in revenue, while analysts surveyed by LSEG had anticipated just $1.78 in earnings per share and $1.79 billion in revenue. Target — Shares plunged more than 21% after the big-box retailer disappointed on third-quarter earnings and revenue estimates and cut its full-year guidance, just three months after raising that forecast. Target reported only a slight uptick in customer traffic as CEO Brian Cornell noted "lingering softness in discretionary categories." That is better than the $1.57 in earnings per share that analysts were expecting, per FactSet. Dolby earned 61 cents per share in its fiscal fourth quarter, higher than analysts' forecast of 45 cents per share, according to FactSet.

Persons: LSEG, Ford, Piper Sandler, Brian Cornell, Robinhood, Needham, Morgan Stanley, Keysight, Dolby, —, Alex Harring, Brian Evans, Sean Conlon, Yun Li, Michelle Fox Organizations: Sonoma, Ford, U.S, Nvidia, LSEG, —, Air Lines, Delta, Super Micro, BDO, Nasdaq, Dolby, Wall, Qualcomm Locations: Robinhood

☆ TJ Maxx parent says holiday shopping is off to a 'strong start,' but its guidance tells another story
▼ + stars: | 2024-11-20 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

TJX Companies touted a "strong start" to the holiday shopping season on Wednesday, but its shares slid after the fast-growing retailer offered guidance that appeared to underwhelm Wall Street. "The fourth quarter is off to a strong start, and we are excited about our opportunities for the holiday selling season. For its holiday quarter, TJX is expecting comparable sales to grow between 2% and 3%, largely in line with the 3% uptick that StreetAccount analysts had expected. TJX is standing by its comparable sales guidance of 3% growth for the full year, just shy of the 3.2% growth that StreetAccount analysts had expected. It raised its pretax profit margin outlook from 11.2% to 11.3%, which matches StreetAccount's expectations, along with its earnings per share guidance.

Persons: TJX, Ernie Herrman, It's, LSEG, Maxx, TJ Maxx Organizations: TJX Companies, LSEG, Company, It's, HomeGoods, TJX, Brands, United Arab, Burlington, Ross, Bank of America Locations: HomeGoods, Sierra, TJX Canada, Europe, Australia, Dubai, United Arab Emirates, Saudi Arabia, Spain

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