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Search resuls for: "Craig J"


15 mentions found


☆ US home prices climbed in July, but showed a ‘forceful deceleration’
  + stars: | 2022-09-27 | by ( Anna Bahney | ) edition.cnn.com   time to read: +4 min
But the market showed signs of cooling as rising mortgage rates pushed more prospective buyers to the sidelines. On a monthly basis, prices fell 0.2% from June, the first month-over-month decrease for the national index since February 2012. Tampa notched the biggest gains, with home prices rising 31.8% in July from the year before. Higher mortgage rates cooled demandThe home price reports highlight the cooling effect of rising mortgage rates. As investors see or anticipate rate hikes, they often sell government bonds, which sends yields higher and mortgage rates rise.
☆ 'Lightning just struck me': Why Costco's CFO says the price of the $1.50 hot-dog-and-soda combo is 'forever'
  + stars: | 2022-09-26 | by ( Nicolas Vega | ) www.cnbc.com   time to read: +1 min
Costco's chief financial officer has suggested that the wholesaler will keep its famous hot-dog-and-soda combo at $1.50 "forever". During the company's fourth-quarter earnings call last week, CFO Richard Galanti was asked whether the retailer would look at increasing the price of its all-beef frank as it looks to deal with tightening margins. Other Costco food court items have increased in price recently, including the popular chicken bake which went up from $2.99 to $3.99 in July. The price of a 20-ounce soda also rose from 59 cents to 69 cents over the summer. Galanti's comments echoed the words of Costco CEO Craig Jelinek, who in July was asked by CNBC's "Squawk on the Street" if he thought the company would raise the price of its signature food court item.
☆ What to expect when Costco reports earnings after the closing bell Thursday
  + stars: | 2022-09-22 | by ( Paulina Likos | ) www.cnbc.com   time to read: +6 min
Club holding Costco (COST) is set to report a surge in fiscal fourth-quarter earnings after the closing bell on Thursday, despite a barrage of macroeconomic headwinds. This strategy has already proved Costco can deliver on earnings, which is why we're expecting solid results in its fiscal Q4. In its fiscal third quarter earnings , released May 26, Costco's total revenue increased 16% year-over-year, to $52.6 billion. Costco ended its third quarter with 116.6 million total cardholders, an increase from 114.8 million total cardholders the prior quarter. Bottom line Unlike most public companies, Costco announces sales figures every month, in addition to its regularly scheduled quarterly reports.
☆ Costco's quarterly results indicate the retailer is thriving despite high inflation
  + stars: | 2022-09-22 | by ( Jeff Marks | ) www.cnbc.com   time to read: +6 min
Margins Merchandise gross margins on a reported basis were 10.18% and down 74 basis points from last year, but excluding the impact of gas inflation it would have been lower by only 20 basis points. Core merchandise margins fell 67 basis points on a reported basis and were down 23 basis points ex gas inflation. Ancillary and other businesses' margins increased 20 basis points on a reported basis and 34 basis points excluding gas inflation. Elsewhere, "2% reward" reported margins were flat on a reported basis and fell 5 basis points ex gas inflation. LIFO — last in, first out — margins fell 27 basis points on a reported basis and 29 basis points excluding gas.
☆ Johnson: The charts look pretty ugly right now, but they're starting to go sideways
  + stars: | 2022-09-21 | 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 EmailJohnson: The charts look pretty ugly right now, but they're starting to go sidewaysCraig Johnson of Piper Sandler says the major averages have yet to break below support levels off their June lows, despite extremely bearish sentiment among investors.
☆ Here’s why understanding de-risking is key as the Fed readies another rate hike and earnings loom
  + stars: | 2022-09-21 | by ( Zev Fima | ) www.cnbc.com   time to read: +8 min
Put another way, this hike has been de-risked but additional aggressive rate increases in the near term likely have not. The market wants to understand at what terminal rate the Fed will hold. If the Fed goes with a 75-basis-point hike Wednesday, that would bring the target range for the central bank's key fed funds rate to 3%-3.25%. On that note, current estimates for S & P 500 earnings are roughly $222 in 2022 and $240 for 2023. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ 3 takeaways from Friday's meeting, including how defensive plays are wins in this two-sided market
  + stars: | 2022-09-16 | by ( Krystal Hur | ) www.cnbc.com   time to read: +4 min
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. There is a bifurcation in the market Quick hit: AMZN, PG, DHR, AAPL Club events to watch for next week 1. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
☆ Here’s our September rapid-fire update on all 33 stocks in Cramer’s Charitable Trust portfolio
  + stars: | 2022-09-15 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +11 min
Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. Halliburton (HAL) — The only energy stock in the portfolio that we haven't trimmed in recent weeks. (See here for a full list of the stocks Jim Cramer's Charitable Trust.) 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.
☆ 3 takeaways from Wednesday's meeting: Stay diversified, watch these stocks, why we made a trim
  + stars: | 2022-09-14 | by ( Krystal Hur | ) www.cnbc.com   time to read: +4 min
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Keep portfolios diversified and steady Quick mentions: SBUX, COST, JNJ Trimmed HUM ahead of investor event 1. (Jim Cramer's Charitable Trust is long COST, HUM, JNJ and HUM. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
☆ What Cramer is watching Wednesday — bonds crush us, J&J sets $5 billion buyback, Starbucks raises
  + stars: | 2022-09-14 | by ( Jim Cramer | ) www.cnbc.com   time to read: +5 min
Club holding Johnson & Johnson (JNJ) announces a $5 billion buyback and affirms adjusted operational EPS of $10.70, or 9.2% growth, for the full year. Club holding Starbucks (SBUX) raises guidance significantly, high single-digit earnings per share and double-digit revenues. Club holding Costco' s (COST) Kirkland doing well by the way but so are branded. Club holding Apple (AAPL) back on its ramp? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ Watch Jim Cramer's full interview with Costco CEO Craig Jelinek
  + stars: | 2022-09-13 | 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 Jim Cramer's full interview with Costco CEO Craig JelinekCostco CEO Craig Jelinek appeared on Tuesday's episode of "Mad Money" with Jim Cramer.
☆ 3 takeaways from Tuesday's meeting: Stocks plunge, we're buying HON, but wait on COST, SBUX
  + stars: | 2022-09-13 | by ( Matthew J. Belvedere | ) www.cnbc.com   time to read: +3 min
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stocks sink on hot CPI Looking to add some Honeywell Wait to buy Costco, Starbucks 1. Wait to buy Costco, Starbucks Jim was also talking about how inflation might impact Club holding Costco (COST). THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
☆ What Cramer is watching Tuesday — hot inflation slams stocks, recent Apple rally fizzles
  + stars: | 2022-09-13 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
BMO goes to market perform from outperform (hold from buy) but raises its price target $435 per share from $420. Wells Fargo raises price target on Clorox (CLX) to $130 per share from $120; but keeps an underweight (sell) rating. Wells Fargo cuts price target on Dow Inc. (DOW) to $60 per share from $70, saying polyethylene pricing is coming down. JPMorgan calls Robinhood (HOOD) August numbers "uninspiring," keeps underweight (sell) rating and a $7-per-share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ Costco CEO predicts inflation’s turning point, explains how retailer keeps prices so low
  + stars: | 2022-09-13 | by ( Paulina Likos | ) www.cnbc.com   time to read: +5 min
Costco (COST) CEO Craig Jelinek said Tuesday that stubbornly high inflation, which has been straining American consumers, is not going to permanent. Shares of Costco dropped more than 5% on Tuesday, along with the other retailers and most stocks following that CPI print . But during an era where higher prices seem to be the answer to inflation, Cramer asked, how is it possible for Costco to keep prices down? We're always trying to figure out how we can lower prices, not raise prices. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ Inside the career of Costco CEO Craig Jelinek, who's worked with the warehouse club almost since its birth
  + stars: | 2019-03-17 | by ( Áine Cain | ) www.businessinsider.com   time to read: +1 min
Costco CEO Craig Jelinek has been with the company since 1984, working his way up through the retailer's operations division. In 2012, Jelinek succeeded Costco cofounder Jim Sinegal as CEO. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyCostco CEO Craig Jelinek has been with the warehouse chain since almost the beginning. The first-ever club bearing the name Costco opened in 1983. Jelinek joined Costco in 1984, just months after the first Costco opened.
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