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Check out the companies making the biggest moves midday:Lululemon — Shares of Lululemon fell 12% after the athletic apparel company gave a weaker-than-expected fourth-quarter outlook. Broadcom — Broadcom gained 3.1% after giving an upbeat revenue forecast and reporting better-than-expected quarterly results after the bell Thursday. Netflix — Netflix gained 5% after being named a "best idea" for 2023 by Cowen and being upgraded by Wells Fargo to overweight from equal weight. DocuSign — Shares of DocuSign jumped 16% after the electronic signature company posted upbeat quarterly results. Bath & Body Works — Shares of Bath & Body Works gained rose 2.1% after activist investor Dan Loeb boosted his stake in the retailer.
A lighter-than-expected inflation report sparked a major relief rally Thursday, and those stocks that had been hurt the most by soaring costs could lead this market comeback. CNBC Pro screened for underperforming stocks whose profitability has been taking hits due to the rise in inflation. Now that inflation has shown signs of easing , these stocks could be getting a big break if price pressures continue to fall. Technology stocks have been some of the biggest victims of rising rates. Retailers Bath & Body Works , Estee Lauder and Target could also gain significantly from here with inflation peaking.
During the three months to the end of September, Geberit sales fell 7.5% to 790.7 million Swiss francs ($788.33 million). The company, seen as a proxy for the broader construction sector, also said it now expected a full-year core operating profit margin of around 27%, down from its August view of 28%. It also tweaked its sales outlook lower, now expecting growth in the mid to high single-digit percentage range, down from its previous outlook for a high single-digit increase. "This prudent outlook is shaped by the prevailing high macroeconomic uncertainties," Geberit said. ($1 = 1.0037 Swiss francs)Reporting by Noele Illien; editing by John Revill and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Best coffee subscription: Blue Bottle (starting at $11 per shipment; bluebottle.com)Blue BottleBlue Bottle’s coffee subscription hit all of our marks during the testing process. This mask, though, formed the best seal around the edges, blocking out more light than any other mask we tested. Not only does it keep your drinks hot or cold for many hours, it’s solidly durable and has the best lid we’ve ever tested. Best smart display: Amazon Echo Show 8 ($99.99, originally $129.99; amazon.com)AmazonThe Echo Show 8 is the best smart display we tested, with a versatile 8-inch screen in a build that really fits anywhere. Best smart thermostat: Nest Learning Thermostat ($223, originally $229; amazon.com)GoogleThe Nest Learning Thermostat studies your habits and controls the temperature in your home automatically.
The experience of bathing in whey, a byproduct of cheese manufacture, dates back to the 1800s. Traditional Swiss dairy Alpkäserei Gerschnialp produces 35 tons of cheese a year, using milk from nearby dairies. Local producer Sälmi Töngi offers the whey baths as an add-on to a tour of his cheese production. The dairy uses traditional methods to turn local milk into four different types of Swiss cheese. That makes about 350,000 kilos of cow's milk, which is about 32 tons of cheese.
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