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☆ TJ Maxx says its assortment of discounted brands is better than ever thanks to store closures elsewhere. Here's how it keeps prices so low.
▼ + stars: | 2023-03-03 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +4 min

TJ Maxx sells products at 20% to 60% cheaper than department stores and retailers. TJ Maxx says its thriving because of this. A network of experienced buyersTech accessories on display at TJ Maxx. Buying in bulkThe massive selection of purses and handbags at TJ Maxx. Well-known brands like Ralph Lauren have been known to make items for TJ Maxx in the past, but pulled back in a bid to address worries about brand exclusivity.

☆ Home Depot and Walmart earnings are a preview of what to expect in retail: Morgan Stanley's Gutman
▼ + stars: | 2023-02-27 | 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 EmailHome Depot and Walmart earnings are a preview of what to expect in retail: Morgan Stanley's GutmanSimeon Gutman, Morgan Stanley managing director, joins 'Squawk Box' to discuss what to expect from retail earnings this week, good and bad news for Target, and more.

☆ Can't figure out this economy? Walmart, Home Depot are having trouble, too
▼ + stars: | 2023-02-26 | by ( Tim Mullaney | ) www.cnbc.com time to read: +7 min

Joe Raedle | Getty Images News | Getty ImagesIf you think the economy is confusing right now, consider how baffling it must look to Home Depot and Walmart. Home Depot said consumer spending is holding up, but that it expects a flat sales-growth year overall, with declining profits. Friday's PCE showed consumer spending rose more than expected as prices increased, jumping 1.8% for the month compared to the estimate of 1.4%. It wasn't a good week for the retail sector or consumer stocks, either. "The outlook for sustained consumer spending growth remains," wrote consumer analyst Jason English.

☆ Hyman: Fragile earnings are key to the markets story, as multiples are well set for 2023
▼ + stars: | 2023-02-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHyman: Fragile earnings are key to the markets story, as multiples are well set for 2023ProShares Advisors' Simeon Hyman dives into his forecasts for the markets.

☆ Shop or Drop? WMT, HD, LOW & TGT
▼ + stars: | 2023-02-17 | 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 EmailShop or Drop? WMT, HD, LOW & TGTSimeon Gutman, Morgan Stanley and CNBC's Melissa Repko join 'The Exchange' to discuss retail stocks ahead of earnings, including Walmart, Home Depot, Lowe's and Target.

☆ Beyoncé's line with Adidas is reportedly struggling, driving home the challenge of filling the $2 billion hole left by Kanye West's Yeezy line
▼ + stars: | 2023-02-08 | by ( Matthew Kish | Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

The Wall Street Journal on Wednesday reported sales for the singer's Ivy Park Adidas line fell 50%. Adidas' struggles to gain traction with Ivy Park come after the brand cut ties with Kanye West. Sales of the Ivy Park line with Adidas decreased more than 50% to roughly $40 million last year, well short of the company's $250 million forecast, according to the Journal. The Adidas line with Ivy Park launched in 2020. The contract between Beyoncé and Adidas expires after 2023, according to the Journal, which reported Adidas has discussed ending or revising the deal.

☆ Pension schemes advised to sell LDI funds after gilt chaos - FT
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +2 min

Feb 6 (Reuters) - Pension schemes that invested in liability-driven investment (LDI) funds run by BlackRock and other managers are being advised to sell their holdings, the Financial Times newspaper reported on Monday. Investment advisers XPS Pensions and Barnett Waddingham have cut their ratings on some pooled LDI funds to their lowest ranking, according to the report, adding that the downgrades had been communicated to multiple pension funds. The downgrades only affected "pooled" fund arrangements, or a large group of pension schemes invested together, rather than individual scheme funds, the report added. XPS confirmed that it has downgraded three LDI managers pooled funds off the back of the research undertaken during December and January. LDI funds have been used by pension schemes to ensure they can meet payouts to pensioners in future years.

☆ BMO downgrades Ralph Lauren shares after 50% rally, citing 'domestic pressures'
▼ + stars: | 2023-01-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Ralph Lauren 's 50% rally in the past four months has gone too far, too fast, according to BMO Capital Markets, which downgraded the stock Friday to underperform. Siegel suspects the decline of North American margins may be due to increased marketing spending, supply chain pressures, and consumer questions regarding the average selling price of items. BMO questions whether the current level of Ralph Lauren shares—which are close to pandemic peaks—can be sustained, given the changes in consumer spending during 2021. Shares for Ralph Lauren fell 3.23% in Friday premarket trading following the call. Ralph Lauren reports results on February 9.

☆ Three new stocks gain entry to the Dividend Aristocrat elite, which outperformed in 2022
▼ + stars: | 2023-01-25 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Smucker have made the cut for the S & P 500 Dividend Aristocrats and will be added to index as of Feb. 1, S & P Dow Jones Indices announced Tuesday. Nordson, which joined the S & P 500 last year, has actually had 42 straight years of dividend raises, according to S & P Dow Jones Indices data. NOBL 5Y mountain The NOBL fund has a solid long-term track record and outperformed during 2022's bear market. All three have outperformed the S & P 500 over the past 12 months. ProShares also offers an S & P Technology Dividend Aristocrats ETF (TDV) , which lowers the bar to seven straight years of dividend hikes.

☆ Nike faces 3 obstacles that could threaten its dominance
▼ + stars: | 2023-01-14 | by ( Matthew Kish | ) www.businessinsider.com time to read: +4 min

New Adidas CEO Bjørn Gulden could reinvigorate the rivalry with Nike. Top of mind with stock pickers: Nike needs to shed inventory and get sales growing more in China. Where is the next leg of growth going to come from? Before the December earnings report, Simeon Siegel, managing director for equity research at BMO Capital Markets, told Insider Nike appeared to be turning a corner in China. Analysts also think new Adidas CEO Bjørn Gulden, who previously worked as CEO of Puma, could reinvigorate the rivalry with Nike.

☆ Morgan Stanley says these attractive stocks have the best risk-reward for 2023
▼ + stars: | 2023-01-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

They include Dick's Sporting Goods, Verizon , Alibaba, Constellation Brands and Sealed Air. Dick's Sporting Goods It's been an "Olympic transformation" for the sporting goods retailer, according to analyst Simeon Gutman. Dick's Sporting Goods made pre-pandemic structural changes that leaves the company with a "faster-growing & more profitable business," Gutman added. Meanwhile, he said the retailer's customers have gotten wealthier and the sporting goods category has room for growth. Sealed Air The maker of bubble wrap and other packaging products is firing on all cylinders, according to analyst Angel Castillo and his team.

☆ Lululemon is everywhere and that's a problem
▼ + stars: | 2023-01-09 | by ( Danni Santana | ) www.businessinsider.com time to read: +4 min

At the ICR conference, Lululemon said it now expects gross margin to be down 90-110 basis points. At the ICR conference Monday, Lululemon said it now expects gross margin to be down 90-110 basis points, compared to small gains expected late last year. Lululemon does not break out Mirror sales in quarterly earnings. Adidas, as an example, expects gross margin to be down 900 basis points following its split from Ye, he wrote in a note Monday. "Inventory growth has likely peaked, which should alleviate gross margin pressure in FY23," he said.

☆ Pope Emeritus Benedict is 'lucid and vigilant' but still in serious condition, Vatican says
▼ + stars: | 2022-12-29 | by ( Minyvonne Burke | Simeon Paterson | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

Pope Emeritus Benedict XVI is "lucid and vigilant," the Vatican said Thursday, but still remains in serious condition. Vatican spokesperson Matteo Bruni said that Benedict "managed to rest well last night" and that his health "is stable at the moment." Benedict, 95, has been receiving medical care after the Holy See announced Wednesday that his health had suddenly "worsened." In 2013, Benedict became the first pope in more than 600 years to resign, citing his age and declining strength. The ex-pope has been living in the Vatican since he stepped down, and has relatively remained out of the public eye.

☆ 3 things that should be worrying Nike
▼ + stars: | 2022-12-26 | by ( Matthew Kish | ) www.businessinsider.com time to read: +4 min

New Adidas CEO Bjørn Gulden could reinvigorate the rivalry with Nike. Top of mind with stock pickers: Nike needs to shed inventory and get sales growing more in China. Analysts are also wondering how much competition Nike will face from Adidas under its new CEO Bjørn Gulden. Before the December earnings report, Simeon Siegel, managing director for equity research at BMO Capital Markets, told Insider Nike appeared to be turning a corner in China. Analysts also think new Adidas CEO Bjørn Gulden, who previously worked as CEO of Puma, could reinvigorate the rivalry with Nike.

☆ Nike's gross margins will get better early next year, says BMO's Simeon Siegel
▼ + stars: | 2022-12-20 | 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 EmailNike's gross margins will get better early next year, says BMO's Simeon SiegelSimeon Siegel, BMO Capital Markets senior retail analyst, joins 'Closing Bell' to discuss Nike's earnings following the company's announcement.

☆ As BlockFi becomes the latest victim in crypto contagion, experts share 4 tips to safely gain exposure to the market
▼ + stars: | 2022-11-30 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

BlockFi has become the latest victim caught up in the crypto market's contagion. Crypto platforms that are managing and holding client deposits really need to be run with the same rigor and transparency as traditional financial institutions, he noted. A traditional exchange just executes transactions and matches the buyers and sellers, he added. In some instances, crypto platforms that mimic broker activity in exchange for providing their customers yield must fully disclose their practices. Hyman says another option for investors is to gain exposure to crypto through the heavily regulated futures market.

Adobe Analytics expects consumers to spend between $11.2 billion and $11.6 billion on Cyber Monday. Overall, Black Friday sales topped $8.9 billion last year, versus $10.7 billion on Cyber Monday 2021. Meanwhile, e-commerce giant Amazon said sales on Black Friday broke a record, underscoring the appeal of shopping online. Sarah Hymer, a mother of two in Utah, said she hadn’t planned on any in-store Black Friday shopping. Rega, holding multiple bags, said Black Friday prices struck her as “comparable” to a year ago.

☆ Morgan Stanley downgrades Williams-Sonoma, says stock could fall another 18% as demand for home furnishings weakens
▼ + stars: | 2022-11-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Expect more downside ahead for Williams-Sonoma 's stock as demand for home furnishings weakens in a difficult macro environment, according to Morgan Stanley. Analyst Simeon Gutman downgraded the stock to underweight from equal weight, saying in a note to clients Monday. The analyst also slashed his price target on the stock to $100 from $150. Going forward, Gutman views a slew of macro-related issues for Williams-Sonoma, expecting home furnishings to decline by 6% to 7%, discretionary spending to fall and deflation to return in 2023. "Though WSM's higher-income customer provides some insulation, in aggregate we think these headwinds mean the category likely declines and comps should turn more sharply negative in '23," he said.

☆ Watch CNBC’s full interview with BMO's Simeon Siegel and Piper Sandler's Edward Yruma
▼ + stars: | 2022-11-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with BMO's Simeon Siegel and Piper Sandler's Edward YrumaBMO's Simeon Siegel and Piper Sandler's Edward Yruma, join 'Closing Bell' to discuss retail on 'Black Friday' and consumer behavior.

☆ Consumers aren't lined up for Black Friday anymore, says BMO Capital's Simeon Siegel
▼ + stars: | 2022-11-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers aren't lined up for Black Friday anymore, says BMO Capital's Simeon SiegelBMO's Simeon Siegel and Piper Sandler's Ed Yruma, join 'Closing Bell' to discuss retail on 'Black Friday' and consumer behavior and trends.

☆ Nordstrom says sales slowed in past two months; shares fall 9%
▼ + stars: | 2022-11-22 | by ( Granth Vanaik | ) www.reuters.com time to read: +2 min

Nov 22 (Reuters) - Nordstrom Inc (JWN.N) said on Tuesday net sales at its eponymous retail stores fell 3.4% in its third quarter, and overall sales for the company slowed down in the past couple of months, "particularly in geographies with unseasonably warm weather." The company also trimmed its net profit forecast for the fiscal year ending January 2023. In the third quarter, sales in its off-price division — Nordstrom Rack — fell 2%. Nordstrom's adjusted earnings of 20 cents per share topped estimates of 13 cents. It expects an annual profit of $2.13 and $2.43, excluding share repurchase activity, trimmed from $2.45 to $2.75 previously.

☆ These controversial ETFs take big risks for massive returns
▼ + stars: | 2022-11-20 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +2 min

Known as leveraged ETFs, ProShares Advisors' Simeon Hyman embraces them — running his firm's UltraPro QQQ and UltraPro Short QQQ funds. Its UltraPro Short QQQ ETF is up over 54% so far this year. But its UltraPro QQQ ETF is off almost 74% in the same period. Hyman believes leveraged ETFs are valuable to the marketplace despite the potential for vastly different performance outcomes. Deborah Fuhr, founder of independent research firm ETFGI, suggests FINRA should take a closer look at leveraged ETFs.

☆ Finding bright spots in the bitcoin bear market
▼ + stars: | 2022-11-16 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +4 min

Despite a tumultuous year for cryptocurrencies and their trading platforms, there remains a bright spot in the space: bitcoin futures ETFs. The ProShares Bitcoin Strategy ETF (BITO) hit a trading record on Nov. 8, surpassing its previous record by 64%. And volume for ProShares Short Bitcoin Strategy ETF (BITI) also on Nov. 8 spiked 366% higher than any day since its launch, according to ProShares. Hyman said the lack of segregation among bitcoin exchanges underlines the need for maturation. "You hold enough cash, such that the return should be approximately spot bitcoin.

☆ Here's how bitcoin futures ETFs performed in a dramatic week for crypto
▼ + stars: | 2022-11-13 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

The ProShares Bitcoin Strategy ETF (BITO) and Short Bitcoin Strategy ETF (BITI) both saw their largest daily trading volumes on record last week. Applications for a true spot bitcoin ETF have been consistently rebuffed by the SEC , but the agency did allow bitcoin futures ETFs to launch. Bitcoin futures do not perfectly track spot bitcoin and the ETFs can carry additional costs for investors, such as the potential for roll costs when the fund swaps out expiring futures for new ones. However, bitcoin futures are also financially settled, meaning there is no bitcoin that changes hands or is held in an account. He added that the roll costs for bitcoin futures have come down sharply since the ETFs launched.

Nov 10 (Reuters) - Trading volumes in bitcoin futures and exchange traded funds (ETFs) has exploded as investors scrambled to hedge their positions after this week's slump in digital tokens triggered by turmoil at crypto exchange FTX. CME bitcoin futures November contracts traded at $17,250, with a volume of 13,292 at 11:24 a.m. EST (1624 GMT), which was a 3% discount to the spot price of $17,770. Trading volumes soared on Tuesday and Wednesday as FTX's woes worsened, touching 48,554 and 32,168 contracts respectively, significantly higher than volumes over the past two months which hovered between 4,902 and 27,309. The ProShares short bitcoin strategy ETF (BITI.P), a bearish play on CME bitcoin futures, witnessed record trading volume on Wednesday as investors hunted for "regulated, transparent futures market," ProShares Global Investment Strategist Simeon Hyman said. Meanwhile, ProShares Bitcoin Strategy ETF (BITO.P), which was halted for trading on Wednesday, has witnessed a 300% jump in trading volume in the from its previous high on October 21, 2022.

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