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☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Ulta, FedEx, Roblox, Netflix, Oracle & more
▼ + stars: | 2023-06-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs upgrades Devon Energy to buy from neutral Goldman said the energy company's valuation is attractive. Morgan Stanley initiates BAE Systems as buy Morgan Stanley said the aerospace and defense company has an "attractive capital deployment policy." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it expects Tesla to build a "full-scale captive financing subsidiary as the market matures." Morgan Stanley upgrades Urban Outfitters to overweight from equal weight Morgan Stanley said in its upgrade of the stock that it has an attractive valuation. Goldman Sachs reiterates FedEx as buy Goldman said it's standing by its buy rating on FedEx heading into earnings next week.

Persons: it's bullish, Goldman Sachs, Goldman, Salesforce, Piper Sandler, Piper, AIZ, Morgan Stanley, Canaccord, Roblox, Stone, Tesla Organizations: Bank of America, Netflix, Devon Energy, PayPal, JPMorgan, Deutsche Bank, Deutsche, BAE Systems, HSBC, Stone, Urban, Oracle, FedEx, UBS, Apple Locations: Devon

☆ Stocks making the biggest moves premarket: Oracle, Urban Outfitters, Apple & more
▼ + stars: | 2023-06-13 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A sign is posted in front of Oracle headquarters on December 09, 2021 in Redwood Shores, California. Meanwhile, CEO Safra Catz said she expects adjusted earnings in the fiscal first-quarter of $1.12 to $1.16 per share. Urban Outfitters — Shares rose 3.4% following an upgrade to overweight from equal weight by Morgan Stanley. Apple — Apple declined 0.7% in the premarket after UBS downgraded the stock to neutral from buy late Monday. Home Depot is also slated to hold an investor day at 9 a.m.Ulta Beauty — The beauty stock rose 0.8% after Loop Capital upgraded Ulta Beauty to buy from hold.

Persons: Safra Catz, Refinitiv, Morgan Stanley, Apple —, Bunge, —, Brian Evans, Alex Harring, Hakyung Kim, Jesse Pound Organizations: Oracle, —, Apple, Apple — Apple, UBS, JPMorgan, Bunge, Target Locations: Redwood Shores , California, Rotterdam, Netherlands

☆ Morgan Stanley says this retailer is set up for an 'inflection point'
▼ + stars: | 2023-06-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Urban Outfitters could see big gains from here as an "inflection point" draws near, according to Morgan Stanley. Analyst Alex Straton upgraded the retailer to overweight from equal weight, saying that its low valuation relative to peers creates an attractive risk-reward balance to the upside. Given this setup, Straton lifted her price target to $41 from $27 a share, implying 27% upside from Monday's close. But key to this potential re-rating is a cooperative inflection at its Anthropologie brand. On the valuation front, Straton noted that shares look cheap relative to peers at 11 times forward price-to-earnings and a 20% discount to historical averages.

Persons: Morgan Stanley, Alex Straton, oppty, Straton, CNBC's Michael Bloom Locations: Capri

Biogen — Shares of the biotech stock dipped 2.8% after Biogen revamped its board of directors. Oracle — Shares rose 0.2% to an all-time high on the back of a strong earnings report for the fiscal fourth quarter. Oil stocks — Oil shares rose broadly as WTI crude gained following Monday losses. Chinese internet stocks, metals and mining stocks — Shares of Chinese internet companies and metals and mining stocks jumped Tuesday after the People's Bank of China cut a key short-term policy rate in an effort to stimulate a post-Covid recovery. Metals and mining stocks were also boosted by the news, with shares of Freeport-McMoRan and Steel Dynamics rallying 5.3% and 6%, respectively.

Persons: Susan Langer, Biogen, Refinitiv, Goldman Sachs, Morgan Stanley, Transocean, JD.com, —, Samantha Subin, Sarah Min, Alexander Harring, Jesse Pound, С. Organizations: Biogen, Oracle, Revenue, Cruise Line Holdings, Bank of America, Royal, Urban Outfitters, Devon Energy, —, VanEck Oil Services, Halliburton, People's Bank of, CSI China, Metals, Steel Dynamics Locations: China, Gu'an, Royal Caribbean, Devon, Salt Lake City, People's Bank of China, Freeport, McMoRan

☆ I swapped alcohol for 'Psychedelic Water' popular among sober-curious people online. I found it's the perfect drink to avoid social anxiety without a hangover.
▼ + stars: | 2023-06-12 | by ( Hannah Towey | ) www.businessinsider.com time to read: +5 min

"Psychedelic Water?" Despite the name, Psychedelic Water doesn't include LSD or psilocybin and definitely won't make you hallucinate. The main side effect I experienced while drinking Psychedelic Water was an occasional tingling sensation on my tongue and minor stomach pains. Psychedelic Water was one of the previously unheard-of brands that took off on social media during this time. Psychedelic Water is available in four flavors: hibiscus lime, blackberry yuzu, oolong orange blossom, and prickly pear.

Persons: —, seltzer, Robbie, Abby Wallace, Pankaj Gogia, Ben Rogul, Gogia, psychedelics Organizations: Service, Pacific Islanders, National Institutes of Health, Nielsen, Urban Outfitters

☆ Retailers battle for uncertain back-to-school demand after ‘volatile’ quarter
▼ + stars: | 2023-06-06 | by ( Katherine Masters | ) www.reuters.com time to read: +5 min

[1/2] Shopping trolley is seen in front of Walmart logo in this illustration, July 24, 2022. U.S. shoppers' spending in the summer ahead of the college and K-12 school year has grown steadily since 2015, according to the National Retail Federation, a trade group. The chain is stocking Adidas' Samba and Gazelle sneakers ahead of the new school year, it said. The challenge for retailers is predicting whether parents will buy less clothing and sneakers when the cost of necessities - such as pencils, notebooks and laptops - strains many households. Retailers face a "volatile time," said Jessica Ramirez, a senior research analyst at Jane Hali & Associates.

Persons: Dado Ruvic, Locker, Spencer, hasn't, Ralph Lauren, Nordstrom, Doug McMillon, John David Rainey, Jessica Ramirez, Jane Hali, Moody’s, Moody's, Maxx, Martin Waters, Fran Horowitz, Jennifer Foyle, Abercrombie’s Hollister, URBN, Katherine Masters, Siddharth Cavale, James Davey, Gerry Doyle Organizations: Walmart, REUTERS, National Retail Federation, Ulta, Adidas, U.S . Commerce Department, Associates, Target, Moody's Victoria’s, Abercrombie & Fitch, Urban Outfitters, Abercrombie, Fitch, Free People, Thomson Locations: Britain, U.S, North America, New York, Bentonville , Arkansas, London

☆ Stock Market Chaotic New Normal Will Screw Over Wall Street Investors
▼ + stars: | 2023-06-04 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

Wall Street desperately wants the stock market to go back to the good ol' days. In that environment, any idiot — or anyone on Wall Street — could buy almost any asset, sit back, and watch its value increase. In this scenario, the stock market gets choppy. It was a pull-in-case-of-emergency valve that we pulled for so long that now it feels normal to Wall Street. Despite this constant caterwauling from Wall Street, Americans are working, spending, and helping the economy defy doom-and-gloom forecasts.

Persons: Justin Simon, Jasper Capital, that's, hasn't, it'll, Richard Hayne, —, haven't, Joe Weisenthal, Richard Haynes, Torsten Slok, Simon, Linette Lopez Organizations: Street, San Francisco Fed, Fed, Urban Outfitters, Auto, Walmart, Bloomberg, Urban, NASDAQ, Federal, Apollo Global Management Locations: Jasper, Wall Street, American

☆ Here’s why retailers are beating earnings estimates, even with lackluster sales
▼ + stars: | 2023-05-24 | by ( Robert Hum | ) www.cnbc.com time to read: +3 min

Here's the big key from retailers this earnings season: Margins are holding up and that's driving earnings beats even amid more tepid sales trends. That's all led to a rather lackluster round of retail sales this earnings season. Retailers have avoided heavy discounting We haven't seen many mentions this season of retailers resorting to steep markdowns despite more tepid shopping trends. Lower freight and shipping costs Another major pandemic cost driver was elevated transportation costs for retailers. Abercrombie & Fitch saw gross margin improvement "primarily driven by a benefit of 760 basis points from lower freight costs ."

Persons: Kohl's, Abercrombie, Fitch, TJX, Ralph Lauren, Lululemon, Michael Kors Organizations: Abercrombie, Fitch, Retailers, Urban, Anthropologie, Free People Group, Urban Outfitters, Walmart, Body, Nordstrom, Dollar Locations: Kohl's, Costco

☆ Shares of Urban Outfitters spike after fiscal first-quarter earnings beat
▼ + stars: | 2023-05-23 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Exterior view of an Urban Outfitters store is seen in Pasadena, California, May 22, 2021. Shares of Urban Outfitters popped about 8% Tuesday after the company reported fiscal first-quarter earnings that beat Wall Street's estimates on the top and bottom lines. Urban Outfitters is one of them. Urban Outfitters, meanwhile, saw margins increase 2.6 percentage points due to higher merchandise markups driven by lower transportation costs. Sales at Urban Outfitters' namesake banner dropped 13% year over year, but sales at its Free People and Anthropologie brands each saw double-digit increases.

Persons: Nuuly, It's Organizations: Urban Outfitters, Outfitters, Refinitiv, Urban, Free People, Free Locations: Pasadena , California

☆ Here's why retailers are staying upbeat about the year despite cautious views on this quarter
▼ + stars: | 2023-05-18 | by ( Robert Hum | ) www.cnbc.com time to read: +3 min

Retailers continue to post better-than-expected earnings in the latest quarter – with Walmart , Bath & Body Works and Canada Goose topping estimates. Bath & Body Works' guidance is lacking , too, at 27 cents to 32 cents per share after adjustments versus the 32 cents estimate. Bath & Body Works also raised its earnings guidance and reaffirmed its full-year forecast. Bath & Body Works highlighted better merchandise margin and benefits from cost savings initiatives. BBWI YTD mountain Bath & Body Works shares soared more than 7% after its earnings report.

☆ Comedy Is in Their (Identical) DNA
▼ + stars: | 2023-05-08 | by ( Anna Grace Lee | ) www.nytimes.com time to read: +1 min

For middle and high school, the twins attended magnet arts schools. “We had no sports teams, but we did have drugs!” Annabel said, with a jazzy emphasis. “But we were theater majors,” Sabina chimed in, walking the story back a bit. They have differing accounts of high school: Sabina says Annabel was “Miss Popular.” Annabel denies this. Sabina was a Tumblr girl who wore creepers and big T-shirts from the men’s section of Urban Outfitters.

☆ I rented clothes instead of buying new, and saved $53 a month—here's the No. 1 reason I'll keep doing it
▼ + stars: | 2023-04-17 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

I started renting used clothes in January, saving me an average of $53 per month so far. Balancing my vanity with an awareness that I needed to budget more effectively, I started renting clothes from Nuuly — a sister company to Urban Outfitters — in January. It hasn't curbed my shopping habits as much as I predicted, but it has saved me money: I spend $53 less per month, on average. But I didn't start renting clothes for my self-esteem. Why I'll keep renting clothes — but not forever

☆ The most-wanted clothing brands at resale are probably hanging in your closet
▼ + stars: | 2023-04-11 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

Resale clothing shoppers are bypassing previously-owned luxury brands at discounted prices in favor of scoring secondhand mid-tier brands for less. As many as 75% of consumers have shopped, or are open to shopping, for secondhand clothing – and demand has only grown during the pandemic. Mid-tier brands like Zara, Levi's and Abercrombie & Fitch have emerged as some of the most popular clothing brands among resale shoppers. In this environment, he said secondhand shoppers are hyper-focused on value, especially when buying clothes, and mid-tier brands are sitting in this sweetspot. ThredUp competitor Poshmark said mid-tier brands like Nike, Free People, Zara and J.

☆ I started making candles from a humble craft kit and grew it into a million-dollar business. Here are the steps I took to go from Etsy to Nordstrom.
▼ + stars: | 2023-04-06 | by ( Lola Christina Alao | ) www.businessinsider.com time to read: +6 min

Tamara Mayne started making candles as gifts for her family with a store-bought candlemaking kit. I thought: Why not try and make some extra cash from selling candles on the side? I also started selling on Scoutmob — a now defunct website where buyers could discover independent makers, while still selling on Etsy and Squarespace. After a few weeks of just selling candles, I decided to pick up some freelance art-directing work to cover the bills. Our candles cost between $28 and $38 because of our increased overhead, when I first started selling them I was charging only $16.

☆ Stocks making the biggest moves midday: Lululemon, Micron, Carnival, Foot Locker & more
▼ + stars: | 2023-03-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Micron Technology — The semiconductor manufacturer added 5.3% after management said it was planning a bigger headcount reduction than previously expected. Carnival — Shares gained 3.6% after being upgraded by Susquehanna to positive from neutral. The move comes a day after the stock gained 6.1% following an upgrade by Wells Fargo to equal weight from underweight. Urban Outfitters , Burlington Stores , Foot Locker , Ross Stores — Shares of major retailers declined Wednesday after UBS downgraded the group to sell from neutral. Petco — Shares of the pet health and wellness company gained 5% after CEO & Chairman Ron Coughlin disclosed a 61,000 share purchase.

☆ Here are Wednesday's biggest analyst calls: Micron, Meta, McDonald's, Tesla, Apple, Amazon & more
▼ + stars: | 2023-03-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs upgrades Hartford to buy from neutral Goldman the insurance company could "surprise to the upside." Goldman Sachs upgrades Marathon Petroleum to buy from neutral Goldman said the petroleum company has a "best-in-class capital returns story." Bernstein reiterates Apple as market perform Bernstein said it's standing by its market perform rating after Apple debuted Apple Pay Later on Tuesday. Guggenheim reiterates McDonald's as buy Guggenheim says it sees "substantial" near-term and long-term upside for McDonald's. Goldman Sachs reiterates Regions Financial and Fifth Third as buy Goldman said in a note Wednesday that several regional banks are key beneficiaries of the larger bank fallout.

☆ Stocks making the biggest moves premarket: Lululemon, Paychex, Micron Technology and more
▼ + stars: | 2023-03-29 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Lululemon – Lululemon shares surged more than 16% before the Wednesday open after posting a strong holiday quarter and sharing upbeat guidance for the current fiscal year. The athleisure wear company reported adjusted earnings of $4.40 a share on $2.77 billion in revenue and said same-store sales climbed by 27%. Carnival Corp — Shares of the cruise line climbed 2.5% in premarket trading after Susquehanna upgraded Carnival to positive from neutral. Micron fiscal second quarter results missed analyst expectations on both the top and bottom lines, according to Refinitiv consensus estimates. Paychex Inc. — Shares of the payroll services company were up nearly 3% premarket ahead of fiscal third-quarter earnings due after the close on Wednesday.

☆ Parade — the inclusive underwear brand beloved by Gen Z and self-styled as 'the internet's favorite' — is coming to Target
▼ + stars: | 2023-03-01 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +4 min

Inclusive underwear brand Parade is launching at 400 Target stores this week. The brand is popular with younger consumers, but wants to grow its reach away from its Gen Z core. Self-described as the "Internet's favorite brand," Parade has built itself up around its community of Gen Z nano influencers, who promote and offer feedback on new items. "Our ambition is to be the leading underwear brand for all people," cofounder and CEO Téllez told Business of Fashion. Insider reached out to both Target and Parade for further comment, but did not immediately hear back.

☆ Customers don't want to pay for mail returns, but more retailers are charging for them. From TJ Maxx to Kohl's, here are some of the biggest companies where sending items back will cost you.
▼ + stars: | 2023-02-09 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

Customers really don't want to pay to return items10'000 Hours/Getty ImagesIf a company doesn't offer free returns, chances are customers will be put off. The proportion is down from 27% in 2022, suggesting that inflation may be impacting how much people can afford to splash out on purchases. The report says that shoppers' willingness to pay for online returns is falling, as retailers begin to pass on the cost. Companies including TJ Maxx, Best Buy, Kohl's, and Urban Outfitters now charge for some mail returns in the US. However, the survey showed that younger generations, who are not necessarily conditioned to free returns, are more accepting of these charges.

☆ Sonos, Therabody and Dyson: Best online sales right now
▼ + stars: | 2023-02-07 | by ( Caroline Curran | ) edition.cnn.com time to read: +6 min

No matter which model you choose, you’ll save on a device perfect for athletes and anyone else who appreciates at-home relaxation. Right now you can save up to $170 at Therabody, including savings on the Theragun Pro and Mini. Sonos Home Theater Sale Sonos Arc Sonos In the world of premium speakers, Sonos is always a top contender — and now through Feb. 12, you can score up to $280 off select home theater speakers. Tocess Claw Clips $19 $8 at Amazon Amazon Keep your hair out of the way with a chic claw clip. • Save on our favorite affordable headphones right now — the over-ear Soundcore Anker Life are just $45 right now.

☆ I've been renting all my clothes for over a year. Here's what I love about it — and what everyone should know before trying it.
▼ + stars: | 2023-02-04 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +8 min

I've been renting all my clothes since late 2021 through Nuuly, an online-rental marketplace. It's helped me cut back on shopping, stop buying fast fashion, and focus on quality over quantity. As for me, I'm still hooked on renting over a year later, and I would recommend it to anyone who's thinking about trying it. But I've also uncovered some downsides that have made me rethink everything I thought I knew about clothes. Pro: Renting has made me more thoughtful about qualityPerhaps the biggest endorsement for renting all my clothes is the effect it's had on my mindset.

☆ Bank of America reveals its top stocks ahead of earnings, including a favorite solar name
▼ + stars: | 2023-01-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

There still are plenty of stock-buying opportunities as earnings reports continue to roll out, according to Bank of America analysts. CNBC Pro combed through Bank of America's recent research to find the most attractive stocks that are well-positoned ahead of their reports. Fox Buy shares of the "best positioned" company in media, analyst Jessica Reif Ehrlich said recently about Fox . "We find Grab well positioned to balance revenue growth with profitability in both its core businesses— delivery & mobility," Salgaonkar said. Thesis: 1) We find Grab well positioned to balance revenue growth with profitability in both its core businesses - delivery & mobility.

Featured Partner Offer Cash App - Send Gift Cards to Friends and Family Instantly A tooltip *Cash App is a financial platform, not a bank. Gift cards are not separate physical cards. However, if a customer does not have a Cash App Card, they can instead convert their gift card to cash in the app. With gift cards, it's easy to make it look like everyone is getting the same gift, but since many gift cards don't state the denomination on the card, you can give anywhere from $5 to $500 and the recipients won't know how much they got in the moment. By buying gift cards from small businesses, you're essentially front-loading sales and guaranteeing income that they might not otherwise receive.

☆ Christmas meant real Christmas trees for my family. Then my husband got a fake one.
▼ + stars: | 2022-12-25 | by ( Elizabeth Grey | Elizabeth Grey Is An Essayist | Cook. You Can Find A Link To Her Highly Unprofessional Cooking Show | ) www.nbcnews.com time to read: +7 min

My origin story begins on Christmas Eve. I asked my mother once if we could get silver tinsel icicles, having seen them at a friend’s house. When my brother had kids, we started driving to his house on Christmas Eve to be with them. I would use the fake tree as Exhibit A in the court wrangling over our inevitable divorce. I believe there are two kinds of people, real vs. fake tree, and real tree people are superior.

☆ King Charles' III property empire includes 7 McDonald's, a Victoria's Secret, and an Apple store
▼ + stars: | 2022-12-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

The Crown Estate owns properties worth $17.6 billion, including farmland and seabeds. It also owns retail parks with stores including McDonald's, Starbucks, KFC, and Victoria's Secret. The Crown Estate, which generates profits for the UK Treasury, is owned by the reigning monarch and control was passed down from Queen Elizabeth II to King Charles III upon her death in September. Lingerie and sex-toy shop Ann Summers also has a store at the Westgate shopping mall in Oxford, as does Victoria's Secret. Regent Street in central London, which is owned by the Crown Estate.

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