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Goldman Sachs thinks VF Corp 's latest strategic moves will boost the stock. The firm double upgraded the parent company of Vans and The North Face to buy from sell with a new price target of $27 per share. "Looking ahead, we believe strategic initiatives now in place to improve execution will drive relative outperformance in the stock," Roach said. Budrul Chukrut | LightRocket | Getty ImagesGoldman Sachs thinks VF Corp 's latest strategic moves will boost the stock. VF Corp VFC ANALYST CONSENSUS 22 Ratings Hold 2 Strong Buy 2 Strong Buy 5 Buy 5 Buy 11 Hold 11 Hold 4 Underperform 4 Underperform 0 Sell 0 Sell 38.00 Highest Price Target Upside (32.22%) 28.85 Average Price Target 18.00 Lowest Price Target
JPMorgan Chase reported revenue of $39.34 billion, beating the $36.19 billion estimates for analyst polled by Refinitiv. Wells Fargo — The bank added 3.1% after beating Wall Street expectations when reporting earnings. The company reported revenue at $20.73 billion, which is higher than the $20.08 expected by Wall Street. PNC — Shares rose 1.3% after the bank reported first-quarter earnings. UnitedHealth – UnitedHealth shares rose slightly after the health insurance provider beat Wall Street's estimates on the top and bottom lines and lifted its profit outlook for 2023.
In 2022, four creators launched Creator Camp, an in-person camping event for influencers. Here's the pitch deck they used to secure over $200,000 in sponsorships from brands. They put together a plan for Creator Camp, a three-day camping experience meant for creators to make friends, explore their creativity, and "do well by doing good," Duncan said. "It was really tough to get sponsors, but we were able to get about $30,000 to float the first event," Duncan said. Here's the 25-page pitch deck the creators used to convince brand partners to sponsor Creator Camp:
Chile announces biological corridor to protect endangered deer
  + stars: | 2023-03-06 | by ( ) www.reuters.com   time to read: +3 min
Rewilding Fundation Chile/Handout via REUTERSSANTIAGO, March 6 (Reuters) - Chile launched a program on Monday to protect the huemul, an endangered southern deer, by creating a biological corridor that includes an area recently donated by the family of the late philanthropist and founder of the North Face, Douglas Tompkins. The Rewilding Chile Foundation, Tompkins' legacy, along with Chile's Ministry of Agriculture, said that the "Huemul National Corridor" will be made up of approximately 16 connected, state-protected areas alongside other private conservation initiatives. Last week, Kristine Tompkins, co-founder and president of Rewilding Chile, met with President Gabriel Boric to donate 93,492 hectares (231,024 acres) for the creation of a new national park in the Magallanes region. The huemul is one of two species of native deer found only in the Patagonian forests of Argentina and Chile. Despite being originally found in areas in central Chile, the huemul can now be seen mainly in the southernmost regions of Aysen and Magallanes.
A hidden corridor has been discovered within the Great Pyramid of Giza using cosmic rays. Archaeologists believe the vaulted corridor was designed to help distribute the weight of the giant ancient wonder of the world. The entrance of the cavity, seen above, was likely occluded at first, hidden under the covering of the pyramid. A diagram of the pyramid drawn in 2017 shows the entrance location compared to the different chambers in the pyramid. Subterranean chamber (a), queen's chamber (b), grand gallery (c), king's chamber (d), corridors (e, f, g), entrance to the newly uncovered hidden corridor (h).
Mark Cuban invested $300,000 for 25% equity in the resale startup Retold Recycling on "Shark Tank." Here's what the cofounders learned about running a resale business on "Shark Tank." Yeoh and Trumble are hoping to do this by tapping consumer and investor interest in the resale and sustainable-clothing spaces. Here's what the cofounders learned from the celebrity investors about running a sustainable-resale business during their time in the tank. Christopher Willard/Getty ImagesWhile the sharks supported the mission of Retold Recycling, many didn't see a business opportunity for themselves or a way to turn a profit.
Ugly As Sin and Toastier Than Hades: Meet the Puffer Shoe
  + stars: | 2023-02-23 | by ( Grace Cook | ) www.wsj.com   time to read: +1 min
LAST DECEMBER, Marcus Wilson cracked. They resemble “the slippers my nana once wore,” Mr. Wilson said. “But they’re so warm I don’t care.”Behold the puffer—a clumpy, shlumpy, wildly unsexy breed of “ugly shoe” that makes Crocs look like Manolos. Basically parkas for your toes, these men’s and women’s styles are generally crafted from layers of padded insulation and water-resistant nylon. Prada makes a hefty boot version; Ugg offers a clog-like take; and Nike sells a fluffed-up mule.
Fashion Faces Recycling Fees Similar to Other Industries
  + stars: | 2023-02-16 | by ( Dieter Holger | ) www.wsj.com   time to read: +7 min
Electronics and packaging companies have banded together to help pay for recycling programs under government rules. EPR programs charge producers tiny fees—often a fraction of a penny—on individual items to fund waste collection and recycling. The fees from the relevant products, such as packaging, electronics or clothing, then fund recycling, including infrastructure, collection, sorting and public communications. Recycling successEPR programs can significantly boost recycling rates, according to a study published this month from the Recycling Partnership, a nonprofit group. It is expanding its textile recycling beyond its customer network, which includes Levi Strauss & Co. and VF Corp. -owned The North Face.
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Expedia — The travel company's stock toppled nearly 8% after falling short of analysts' revenue and earnings expectations for the recent quarter. Yelp — Yelp's stock jumped 4% after fourth-quarter revenue beat analysts expectations, according to Refinitiv. Deutsche Bank — Shares fell 3% after Bank of America downgraded Deutsche Bank to underperform from neutral, saying the European bank is "struggling to improve profitability." The decline in shares came despite a top-and-bottom line beat on analysts' expectations, according to FactSet. Adjusted earnings before interest, taxes, depreciation and amortization for the fourth quarter came in below analysts' expectations, according to FactSet.
RL (RL) gets price target increase at $135 per share from $115 at Credit Suisse. Bank of America lowers price target on Mattel (MAT) to $21 per share from $26. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
It's time to consider shares of VF Corp . after its recent dividend cut, according to Stifel. Analyst Jim Duffy upgraded VF Corp. shares to buy from hold, saying the stock looks compelling after investors sold it in the wake of a dividend cut. "The dividend cut and resulting dislocation in shares present an attractive entry point and we recommend capitalizing on elevated volume to build positions. VF shares added 1.8% in Friday premarket trading. VFC 5Y mountain VF Corp shares have been on the decline for the past three years.
Or choose a bouquet subscription to remind your valentine of you each time blooms arrive—get 10% off your subscription gift with code BUYSIDESTEMS. Masterclass has more than 180 courses to choose from, so you’re sure to find a great match. Lucky for last-minute shoppers, the candles are available online and for in-store pickup at Nordstrom, so you have time to swing by for one before Valentine’s Day arrives. If your valentine is a yogi, they may enjoy the cushiony, versatile mat that Buy Side named best overall yoga mat. Slippers make an easy Valentine’s Day gift like these unisex grippy slippers—recommended in our selection of best women’s slippers.
Beni, a browser extension, helps shoppers curate resale listings while browsing retail sites online. BeniShoppers are required to download the Beni extension on Google Chrome or Safari. Then, they must enable the extension while shopping online to view resale listings. "So let's say you find a Patagonia jacket that you really love, we'd show you 20 jackets often that are exactly the same from places like eBay or The RealReal," Pinner said. In return for real-time listings data, Beni markets new resale items to customers as they shop outside of their platforms.
In a video uploaded to LinkedIn last month, Liberty Energy Inc. Chief Executive Chris Wright was characteristically blunt: “There is no climate crisis, and we’re not in the midst of an energy transition either,” he said. The provocative 12-minute video, which challenges established science and the publicly stated views of other energy-industry executives, marked his latest combative defense of fossil fuels. Those views have made him a darling of industry panels and of the conservative speaking circuit.
Hoka, which started in 2009 in France as a running shoe for hardcore marathoners, is growing rapidly with casual runners, hikers and weightlifters. “There wasn’t anyone doing what Hoka was doing.”But Hoka carved out a niche in specialty running shops. By 2019, Hoka sales topped $220 million. “We don’t see this as just a running brand,” Deckers CEO David Powers said in October. “This is a running, trail, hike brand that is more like a North Face” than Brooks running shoes.
This story is part of Select's New & Notable column, where we highlight our favorite product launches, major sales, what we're buying and some of our latest recommendations and advice. This week, we’ve highlighted Ninja’s latest kitchen appliance, Caraway steamers, new bags in the Béis Sport collection and more. The brand is offering 20% off products in the following categories to previous customers: Cordless stick vacuums, upright vacuums, canister vacuums, air purifiers, supersonic hair dryers and Corrale straighteners. For National Puzzle Day (Jan. 29), Jiggy Puzzles is offering 30% purchases of $75 or more, plus free shipping. To recommend the best hair dryers, we spoke to hairstylists about which you should buy depending on your hair type.
[1/5] Allen Howard Weisselberg, the former Trump Organization CFO, appears for sentencing for tax fraud scheme in New York State Supreme Court in the Manhattan borough of New York City, U.S., January 10, 2023. Weisselberg, 75, is expected to be sent to New York's notorious Rikers Island jail. Though no longer CFO, Weisselberg remains on paid leave from the Trump Organization. The jail time will probably not be easy for Weisselberg, at a facility known for violence, drugs and corruption. Weisselberg testified that Trump signed bonus and tuition checks, and other documents at the heart of prosecutors' case, but was not in on the tax fraud scheme.
In a losing year for US stocks, here are the 10 biggest percentage decliners on the S&P 500. The 10 largest S&P 500 stock losers wiped out $1.6 trillion in market value. The 10 S&P 500 companies that have experienced the largest stock-price declines heading into the end of 2022 have wiped out a combined market value of more than $1.6 trillion. PayPalTicker: PYPLYTD Performance: -63.4%Market Value Decline: $142.49 billionLike many tech companies, the digital payments processor is seeing a slowdown after a pandemic boom. Photo by George Frey/Getty ImagesTicker: GNRCYTD Performance: -73.8%Market Value Decline: $16.6 billionMass COVID lockdowns helped sparked big demand for backup generators as people worked and studied at home.
But Harrer, who joined Vans from Dollar Shave Club in April 2021, noted that Vans wasn't reminding people about those classic shoes. Vans stopped marketing its classic sneakers for some time before resuming earlier this year with the "Classic Since Forever" campaign. "Our top-tier limited-distribution footwear, which you may know as Vans Vault, has previously met the needs of influential footwear-trend accounts in the past," he said. With Vans Vault, the company takes classic shoes and collaborates with popular designers and boutiques on new colorways. Vans Vault releases compete with Nike, Adidas, Converse, and others for the general sneaker lover.
Investors looking for something to cheer about this holiday season may want to consider shorting this "naughty list" of stocks, according to 22V Research's chart analyst. Using a technical scoring system that rates the stocks from weakest to strongest, analyst John Roque outlined a number of stocks to short heading into the holidays in a note to clients Wednesday. Short-selling, or selling shares short, is the practice of making a bet against a stock by borrowing shares and selling them with the plan to repurchase at a cheaper price and profit from the difference. Here are some of the names Roque highlighted: Roque highlighted heavily shorted stock GameStop among his picks, pointing out the failed rally attempts since September. On Tesla , Roque pointed out that it's forming a "head-and-shoulders" topping pattern over the long term.
Broadly, indexes suffered as data showed U.S. services industry activity unexpectedly picked up in November, with employment rebounding, offering more evidence of underlying momentum in the economy. Investors see an 89% chance that the U.S. central bank will increase interest rates by 50 basis points next week to 4.25%-4.50%, with the rates peaking at 4.984% in May 2023. The rate-setting Federal Open Market Committee meets on Dec. 13-14, the final meeting in a volatile year, which saw the central bank attempt to arrest a multi-decade rise in inflation with record interest rate hikes. "Stock Exchange" is seen over an entrance to the New York Stock Exchange (NYSE) on Wall St. in New York City, U.S., March 29, 2021. Although bank profits are typically boosted by rising interest rates, they are also sensitive to concerns about bad loans or slowing loan growth amid an economic downturn.
United Airlines , Delta Airlines – United gained 4% following a Morgan Stanley upgrade to overweight from equal weight on the notion that 2023 could be a "goldilocks" year for the airline. Silvergate Capital — Shares dropped more than 5% after Morgan Stanley downgraded the crypto bank to underweight from equal weight, saying there is more revenue pressure following the FTX fallout. Signature Bank — The stock declined more than 7% after Morgan Stanley downgraded it to equal weight from overweight. Morgan Stanley expects funding costs to jump "significantly" over the next several quarters as Signature works to retain deposits from customers. Many Chinese stocks pared earlier gains, however, as the broader market sold off amid fears of aggressive monetary tightening.
Benno Dorer, who sits on the company's board, will serve as interim CEO while the company searches for Rendle's permanent replacement. VF Corp. said it now expects full-year revenue to increase by 3% or 4% over the prior year, down from previously projected growth of 5% or 6%. It estimates its full-year earnings to come in at about $2.00 to $2.20 per share, down from previous guidance of $2.40 to $2.50, announced a few weeks ago. VF Corp. reported full-year earnings of $3.18 per share last year. This is the second time in less than two months that VF Corp. has slashed its guidance.
If so, VF Corp. 's profit warning could be a sign of things to come. It reiterated its revenue forecast but slashed earnings outlook, citing expectations of a more promotional environment. On Monday, VF said there's a "more elevated than expected promotional environment" as it lowered its EPS guidance once again and said its CEO is stepping down . What's more, the latest revision isn't just about the promotional environment, and that's why it may be something for investors to watch. And "to a lesser degree," there is less demand in Europe and there are Covid-19 disruptions in China, it said.
The Dow could actually end the year in the green
  + stars: | 2022-11-28 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +3 min
It would be a stunning comeback if the Dow reclaims all its lost ground and finishes the year in positive territory. As recently as mid-October the Dow was in bear-market territory for 2022, down more than 21%. Top industrial stocks in the Dow such as Boeing (BA), Caterpillar (CAT) and Honeywell (HON) have surged. (owner of The North Face and Vans), IBM (IBM) and 3M (MMM), is actually up 1% this year. There were several times when the stock market came back and then went back down,” said John Duffy, co-founder of Trending Stocks.
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